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सूरज होल्डिंग्स

बीएसई: 530227  |  NSE: N.A  |  ISIN: INE388D01015  |  Finance - Investments

खोजें सूरज होल्डिंग्स कनेक्शन मार्च 05
लेखांकन नीति साल : मार्च '14
I) Basis of Preparation of Financial Statements:
 
 The accompanying financial statements are prepared under the historical
 cost convention, on an accrual basis of accounting and comply in all
 material respects with accounting standards issued by the Institute of
 Chartered Accountants of India accounting standards notified under
 Section 211(3C) of the Companies Act, 19545 (to the extent. applicable)
 and in accordance with the generally accepted acco4nting principles and
 the provisions of the Companies Act, 1956 and regulations of Reserve
 Bank of India, to the extent applicable
 
 II) Use of Estimate
 
 The preparation of financial statements requires the Managements make
 estimates and assumptions considered in the reported amounts of assets
 and liabilities (Including contingent liabilities) as of the date of
 the financial statements and the reported income and expenses during
 the reporting period. Management believes the estimates used in
 preparation of the financial statements are prudent and reasonable.
 Future results could differ from these estimates.
 
 III) Stock-in-Trade & Investments
 
 The stock in trades (if any) comprises of Shares / Securities. The
 Securities acquired with the Intention of short term holding and
 trading positions are considered as stock in trade and shown as current
 assets and valued at cost or market value, whichever is less. Other
 securities acquired with the intention of long term borrowing
 considered as Investments and are valued at Cost.
 
 IV) Tangible and Intangible Fixed Assets
 
 (a) Fixed assets are stated at cost of acquisition less
 accumulated/depreciation / impairment losses.
 
 (b) Depredation has been provided on written down value method at the
 rates prescribed in schedule XIV of the Companies Act, 1956. However
 the fixed assets having value less than Rs. 5000/- have been fully
 depreciated during the year accounts.
 
 (c) Depreciation has been provided on pro-rata basis with respect to
 the period of use.
 
 V) Revenue Recognition
 
 (a) Interest income is recognized on the time of proportionate basis
 starting from the date of disbursement of loan.
 
 (b) In respect of other heads of Income the Company accounts the same
 on accrual basis.
 
 VI) Taxes on Income
 
 Tax expense comprises current tax (i.e. amount of tax for the period
 determined in accordance with the income-tax law), deferred tax charge
 or credit (reflecting HIP effect of timing differences between
 accounting Income and taxable income for the period).
 
 Current Tax: Provision for current tax is made on the basis of
 estimated taxable income for the accounting year in accordance with the
 Income Tax Act, 1961.
 
 Deferred taxation: The deferred tax charge or credit and the
 corresponding deferred tax liabilities and assets are recognized using
 the tax ratios that have been enacted or substantively enacted by the
 balance sheet date. Deferred tax assets a; is recognized only to the
 extent there is reasonable certainty that the asset can be realised in
 future; however, where there is unabsorbed depreciation or carried
 forward loss under taxation laws, deferred tax assets are recognized
 only if there is a virtual certainty of realisation of the assets.
 Deferred tax assets are reviewed as at each balance sheet date and
 written down or written-up to reflect the amount that is reasonable /
 virtually certain (as the case may be) to be realised. On the basis of
 Deferred tax calculation sheet, Deferred tax Asset for the year
 concerned works out to be Rs.72, 512/- with corresponding addition in
 statement of profit and loss
 
 VII) Impairment of Assets
 
 As at each Balance Sheet date, the carrying amount of assets is tested
 for impairment so as to determine:
 
 (a) The provision for impairment loss, if any required or
 
 (b) The reversal, if any, required of impairment loss recognized in
 previous periods. Impairment loss is recognized when the carrying
 amount of an asset exceeds its recoverable amount.
 
 VIII) Provisions, Contingent liabilities & Contingent assets
 
 A provision''s recognised when Company has a present legal or
 constructive obligation as a result of past events and it is probable
 that an outflow of resources will be required to settle the obligation,
 in respect of which reliable estimate, can be made. Provisions are not
 discounted to their present value and are determined based on best
 estimate required to settle the obligation at the Balance Sheet date.
 These are reviewed at each Balance Sheet date & adjusted to reflect the
 best estimates. Contingent liabilities are not recognised.
 
 IX) Earnings per share
 
 Basic and diluted earnings per share are computed in accordance with
 Accounting Standard (AS)-20 - Earnings per share. Basic earnings per
 share is calculated by dividing the net profit / loss after tax for the
 year attributable to equity shareholders by the weighted average number
 of equity shares outstanding during the year,
 
 Diluted earnings per equity share are computed using the weighted
 average number of equity shares and dilutive potential equity shares
 outstanding during the year except where the results are anti-dilutive.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `585 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `890 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `483 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `172 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `151 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `388 Cr की बिकवाली की
  • CS ON BHEL : Outperform रेटिंग, लक्ष्य `88/Sh
  • CS ON CADILA HEALTH : Neutral रेटिंग, लक्ष्य `251/Sh
  • CS ON PIDILITE IND : Underperform रेटिंग, लक्ष्य `1245/Sh
  • MACQUARIE ON BHEL : Neutral रेटिंग, लक्ष्य घटाकर `58/Sh

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