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moneycontrol.com भारत | लेखांकन नीति > Textiles - Terry Towels > लेखांकन नीति फॉलोड से टेरीगोल्ड (आई) - बीएसई: 514478, NSE: N.A

टेरीगोल्ड (आई)

बीएसई: 514478  |  NSE: N.A  |  ISIN: INE995B01011  |  Textiles - Terry Towels

खोजें टेरीगोल्ड (आई) कनेक्शन मार्च 13
लेखांकन नीति साल : मार्च '15
a.  Method of Preparation of accounts:
 
 Accounts are prepared on historical cost convention, in accordance with
 the normally accepted accounting principles.
 
 b.  Fixed Assets:
 
 Fixed assets are stated at their original cost of acquisition,
 including taxes, freight and other incidental expenses incurred in
 connection with the erection / commissioning / construction of the said
 assets, less accumulated depreciation.
 
 c.  Inventories:
 
 Inventories are valued at cost or net realizable, whichever is lower.
 
 2.  (a) The Company is a Sick unit and is before the Hon''ble BIFR in
 Case No.210/2000. The company has reached OTS with both the secured
 creditors and submitted a viable revival proposal to the Hon''ble BIFR.
 The IDBI as operating Agency, failed to formulate a rehabilitation
 package keeping in view the provisions of Section 18 of the SICA Act.
 The Company had filed Writ Petition before the Hon''ble High Court of AP
 in April 2015 against the dismissal orders of Hon''ble AAFIR in the
 Winding up orders of Hon''ble BIFR Bench-1.  (b) The Company had replied
 to the impugned NOTICE issued by ASREC (INDIA) LTD, the other secured
 creditors on 18.06.2015 u/sl3(2) of the SARFACEI Act 2002 on 20.07.2015
 denying all the allegation therein in view of the existing paripasu
 charges with other secured creditors and have no jurisdiction to issue
 so.
 
 (e) The Company had received a letter DT 20.05.2015 from M/s TVS
 Finance and Services Limited, Chennai confirming the withdrawal of all
 the cases filed by them against the Company and its Directors.
 
 3.  Earnings Per Share: The Company has incurred Loss of 91,363/-
 during the year under review.
 
 4.  Deferred taxation:
 
 Even though, the company has unabsorbed depreciation, carry forward of
 losses and adjustments under section 43 B of Income tax Act, 1961
 deferred tax asset as per the Accounting Standard - 22  Accounting for
 taxes on income issued by the Institute of Chartered Accountants of
 India, has been recognized in the Books of account. In view of the
 appeal preferred against the order of BIFR as detailed in Note No. 2
 and also considering the fact that deferred tax assets are more than
 the deferred tax liabilities, no provision has been made in respect of
 deferred tax liability. Taking a more prudent view deferred tax assets
 have not been recognized in the books of account.
 
 5.  Professional charges include payments to Statutory Auditors as
 under:
 
 For Statutory Audit Rs. 11,400
 
 6.  Previous year''s figures are rearranged or regrouped wherever
 necessary.
 
 7.  As there was no production ability no depreciation is charged for
 the year
 
 
 
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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