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moneycontrol.com भारत | लेखांकन नीति > Steel - CR & HR Strips > लेखांकन नीति फॉलोड से स्वेतांबर स्टील - बीएसई: 513442, NSE: N.A

स्वेतांबर स्टील

बीएसई: 513442  |  NSE: N.A  |  ISIN:  |  Steel - CR & HR Strips

खोजें स्वेतांबर स्टील कनेक्शन मार्च 11
लेखांकन नीति साल : मार्च '12
A.  BASIS OF PREPARATION OF FINANCIAL STATEMENTS

- The financial statements have been prepared under the historical cost convention, in accordance with the generally accepted accounting principles and the provisions of the Companies Act, 1956.

- Accounting policies not specifically referred to otherwise are consistent and in consonance with the generally accepted accounting principles.

B. FIXED ASSETS

- Fixed Assets are valued at cost less depreciation.

C. DEPRECIATION

- In respect of all assets depreciation is not provided as there was no manufacturing activity during the current financial year.

D. INVENTORY

- Closing Stock is taken as certified by the Management. The same is valued at cost or Net Realizable Value whichever is less.

E. RETIREMENT BENEFITS

- As certified by the management, the company has no liability under the Provident Fund & Super Annuation Fund Act as the said acts do not apply to the company.

- It is explained to us that the company does not provide for any leave encashment and any liability arising thereon shall be paid and dealt with in the books of accounts at the actual time of payment.

F. REVENUE RECOGNITION

- Revenue is recognized when it is earned and no significant uncertainty exists as to its realization or collection.

G. INVESTMENTS

- Long Investments are carried at cost less provision for permanent diminution if any in the value of such investment.

H. BORROWING COSTS

- Borrowing cost to the acquisition or construction of qualifying asset, as defined accounting standard 16 on Burrowing Cost are capitalized as part of the cost of such assets upto the date when the assets is ready for its intended use. Other borrowing costs are expensed as incurred.

I. CONTINGENT LIABILITIES

- According to the information and explanations given to us, There is as an disputed matter pending before the High court in respect of Income tax which amounts to Rs. 29.00 Lacs (Appx.) as at 31st March, 2012 and all known and estimated liabilities have been provided for in the books of accounts.

J. APPLICABILITY OF AS-22

- The Company has not provided depreciation on assets as per books of accounts which differs from depreciation under the income tax Act,1961, however deferred tax assets has not been recognized on the depreciation in term of AS-22, as there is no reasonable/ virtual certainty that the assets will be realize in future.

K. FOREIGN CURRENCY TRANSACTIONS

- There are no such foreign currency transactions during the year.

L. C I F VALUE OF IMPORT RAW MATERIALS

- NIL

M. EXPENDITURE IN FOREIGN CURRENCY

- NIL

N. EARNING PER SHARE

- The Earning per Share (AS-20) has been computed as under :

a) Profit after tax (1020404)

b) No. of Equity Share 40,25,000 shares

c) Nominal value of share 10 per share

d) EPS (0.25)

स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `1008 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `538 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `379 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `656 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `1075 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `36 Cr की बिकवाली की
  • MS ON BPCL : Overweight रेटिंग, लक्ष्य `571/Sh
  • CS ON AARTI IND : Outperform रेटिंग, लक्ष्य `980/Sh
  • CS ON APOLLO HOSP : लक्ष्य `1,300 से बढ़ाकर `1,600/Sh
  • NOMURA ON ESSAR CASE : बैंकों की अब 90% तक रकम की रिकवरी संभव

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