मैट्रिक्स
 
 
moneycontrol.com भारत | लेखांकन नीति > Finance - Investments > लेखांकन नीति फॉलोड से वीसीके कैपिटल मार्केट सर्विसेस - बीएसई: 511493, NSE: N.A

वीसीके कैपिटल मार्केट सर्विसेस

बीएसई: 511493  |  NSE: N.A  |  ISIN: INE488C01015  |  Finance - Investments

खोजें वीसीके कैपिटल मार्केट सर्विसेस कनेक्शन मार्च 14
लेखांकन नीति साल : मार्च '15
[A] BASIS OF ACCOUNTING
 
 The Financial Statements of the Company have been prepared in
 accordance with generally accepted Accounting Principles in India,
 Mandatory Accounting Standards notified under the Companies
 (Accounting Standards) Rules, 2006 [as amended] and the relevant
 provisions of the Companies Act, 1956 read with General Circular
 8/2014 dated April 04, 2014 issued by the Ministry of Corporate
 Affairs. The Financial Statements have been prepared under the
 historical cost convention on an accrual basis. The Accounting
 Policies applied by the Company are consistent with those used in the
 Previous Year. All the Assets and Liabilities have been classified as
 Current or Non-Current as per the Company''s normal operating cycle and
 other criteria set out in Revised Schedule III to the Companies Act,
 2013 read with General Circular 8/2014 dated April 04, 2014 issued by
 the Ministry of Corporate Affairs. Mercantile System of Accounting is
 generally followed except for Income on account of Insurance and other
 such claims receivable, which are accounted for only on receipt basis
 on account of uncertainties.
 
 The accounts for the relevant year have been prepared on a going
 concern basis.
 
 [B] USE OF ESTIMATES
 
 The preparation of the Financial Statements in conformity with the
 generally accepted Accounting Principles requires estimates and
 assumptions to be made that affect the reported amount of Assets and
 Liabilities and the disclosures relating to Contingent Assets and
 Liabilities as on the date of Financial Statements and the reported
 amount of Revenues and Expenses during the reporting period.
 Management believes that the estimates used in the preparation of the
 Financial Statements are prudent and reasonable. Actual results could
 differ from these estimates.
 
 [C] OPERATING CYCLE
 
 Based on the nature of business, the time between the acquisition of
 assets for the purpose of the business and their realization in cash
 and cash equivalents, the Company has ascertained its Operating Cycle
 as 12 [Twelve] Months for the purpose of classification of its Assets
 and Liabilities as Current and Non-Current.
 
 [D] FIXED ASSETS
 
 Fixed Assets are valued at Cost less Depreciation.
 
 [E] DEPRECIATION
 
 Depreciation is provided on original cost of Fixed Assets on the
 Straight Line Method at the rates prescribed in Schedule II to the
 Companies Act, 2013.
 
 [F] INVESTMENTS
 
 (a) Classification
 
 Investments are classified into the following category
 
 Long Term Investments
 
 All investments in securities, where such investments are intended [at
 the time of purchase or acquisition thereof] to be held for a period
 exceeding one year are classified as Long Term Investments.
 
 (b) Valuation
 
 Long Term Investments are valued at cost. However, as a matter of
 prudent accounting, major diminution in the value of the investments
 are charged off in the accounts and shown as an extraordinary item.
 
 [G] INVENTORIES
 
 Stock-in-Trade [Securities] is valued at lower of cost or net
 realizable value. The net realizable value for quoted shares is
 determined based on the last quoted price at a recognized Stock
 Exchange. For unquoted shares, the net realizable value is taken as
 the Fair Market Value, determined on the basis of Rule 11U and 11UA of
 the Income Tax Rules. However, where the Fair Market Value of unquoted
 shares and securities are not readily determinable, the same are taken
 at the cost price.
 
 [H] REVENUE RECOGNITION
 
 (a) Fees for Management of Issues and Placement of Securities, if any,
 are accounted for in accordance with the payment schedule as agreed in
 the Memorandum of Understanding entered into with the Issuer Companies
 or the Letter of Mandate accepted/signed by them.
 
 (b) Dividends and Interest on Debentures are accounted for as and when
 received.
 
 (c) Service Charges for Fund Syndication, if any, are accounted for on
 completion of Syndication.
 
 (d) All expenses are accounted for on an accrual basis, except
 statutory payments which are accounted for as and when paid.
 
 [I] INCOME TAXES
 
 Tax expense comprises of current and deferred tax. Current income tax
 is measured at the amount expected to be paid to the tax authorities
 in accordance with the Indian Income Tax Act, 1961.
 
 [J] DEFERRED TAX
 
 Deferred tax is recognized on timing differences being the difference
 between the taxable income and the accounting income that originate in
 one period and are capable of reversal in one or more subsequent
 periods. Deferred tax is measured using the tax rates and tax laws
 enacted or subsequently enacted as on the reporting date. Deferred tax
 liabilities are recognized for all timing differences. Deferred tax
 assets are recognized for timing differences as well as for unabsorbed
 carry forward losses and depreciation, if any, only if there is
 virtual certainty that there will be sufficient future taxable income
 available to realize the assets. Deferred tax assets and liabilities
 are offset if such items relate to taxes on income levied by the same
 governing tax laws and the Company has a legally enforceable right for
 such set off. Deferred tax assets would be reviewed at each Balance
 Sheet date for their realisability
 
 [K] RETIREMENT GRATUITY BENEFITS
 
 Retirement Benefits in the form of Gratuity is provided in the Profit
 and Loss Account. Gratuity Liability is a defined benefit/obligation
 and in the current year such provision has been made on the basis of
 an actuarial valuation. Such actuarial valuation has been made on the
 basis of Projected Unit Cost method.
 
 Provident Fund contribution is made to the Employees Provident Fund
 Scheme of the Government of India. The Company does not have
 Superannuation Pension Plan since the same is covered by contributions
 to the Pension Scheme under Employees Provident Fund Act. The Company
 has not made any investment in Plan Assets towards the Gratuity
 Liability.
 
 [L] SEGMENT REPORTING
 
 The Company has income from one segment only (Retail Mobilization
 Services) and accordingly, AS 17 relating to Segment Reporting is not
 applicable to the Company for the relevant year.
 
 [M] EARNINGS PER SHARE
 
 Basic Earnings Per Share is computed by dividing the Profit/(Loss)
 After Tax [including the post tax effect of Extra-Ordinary Items, if
 any] by the weighted average number of equity shares outstanding
 during the year.
 
 Diluted Earnings Per Share is computed by dividing the Profit / (Loss)
 After Tax (including the post tax effect of Extra-Ordinary Items, if
 any) as adjusted for dividend, interest and other charges to expense
 or income relating to the dilutive potential equity shares, by the
 weighted average number of equity shares considered for deriving basic
 earnings per share and the weighted average number of equity shares
 which could have been issued on the conversion of all dilutive
 potential equity shares.
 
 Potential equity shares are deemed to be dilutive only if their
 conversion to equity shares would decrease the net profit per share
 from continuing ordinary operations. Potential dilutive equity shares
 are deemed to be converted as at the beginning of the period, unless
 they have been issued at a later date. The dilutive potential equity
 shares are adjusted for the proceeds receivable had the shares been
 actually issued at fair value (i.e. average market value of the
 outstanding shares). Dilutive potential equity shares are determined
 independently for each period presented. The number of equity shares
 and potentially dilutive equity shares are adjusted for share
 splits/reverse share splits and bonus shares, as appropriate.
 
 [N] PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
 
 Provisions involving substantial degree of estimation in measurement
 are recognized when there is a present obligation as a result of past
 events and it is probable that there will be outflow of resources.
 Contingent Liabilities are not recognized, but are disclosed in the
 notes. Contingent assets are neither recognized nor disclosed in the
 financial statements.
 
 DISCLOSURE OF RIGHTS
 
 The Company has issued only one class of equity shares having a par
 value of ''10/-. Each holder of equity shares is entitled to one vote
 per share. Dividends declared in Indian Rupees and when proposed by
 the Board of Directors is subject to the approval ofthe shareholders
 at the Annual General Meeting, except in the case of interim dividend,
 if any. In the event of liquidation ofthe Company, the holders of
 equity shares will be entitled to receive remaining assets ofthe
 Company. The distribution will be in proportion to the number of
 equity shares held by the shareholders.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • JEFFERIES ON MGL : BUY रेटिंग, लक्ष्य घटाकर `1180/Sh
  • CITI ON NMDC : BUY रेटिंग, लक्ष्य `125/Sh
  • MS ON ADANI PORTS : Overweight रेटिंग, लक्ष्य `408/Sh
  • CITI ON COAL INDIA : BUY रेटिंग, लक्ष्य बढ़ाकर `270/Sh
  • CITI ON MOTHERSON SUMI : Neutral रेटिंग, लक्ष्य बढ़ाकर `135/Sh
  • CITI ON BRITANNIA IND : BUY रेटिंग, लक्ष्य बढ़ाकर `3575/Sh
  • CITI ON INDIAN ECONOMY : Q2 में GDP ग्रोथ 4.9% रहने का अनुमान
  • CITI ON INDIAN ECONOMY : Q3 में ग्रोथ 6% के करीब रहने का अनुमान
  • HSBC ON IIP : IIP पर दबाव की स्थिति बरकरार
  • HSBC ON IIP : कैपिटल गुड्स में लगातार 5वें महीने गिरावट

अभी देखें

टैक्स गुरु

OUR WINNING PICKS

DID YOU INVEST?

INTRADAY PICKS!

(August 06, 2018)

AT (Rs)



GAIN (Rs)

ALL TIME WINNERS

RECO PRICE

PEAK PRICE

OUR PACKAGES

Super Combo

Powerful mix of both trader and investor packs with timely expert advice.

Technical

Designed especially for traders looking to tap the profit opportunities of volatile markets.

Fundamental

For all investors looking to unearth stocks that are poised to move.