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विनय सीमेंट्स लिमिटेड

बीएसई: 518051  |  NSE: N.A  |  ISIN: INE534C01016  |  Cement - Mini

खोजें विनय सीमेंट्स लिमिटेड कनेक्शन मार्च 09
लेखांकन नीति साल : मार्च '10
1.  Basis of preparation of financial statements
 The financial statements are prepared under the historical cost
 convention, on the accrual basis of accounting in accordance with the
 Companies Act, 1956 and in accordance with the accounting principles
 generally accepted in India (Indian GAAP) and comply with the
 Accounting Standards specified in section 211 (3C) of the Companies Act
 2.  Use of estimates
 The preparation of financial statements requires management to make
 estimates and assumptions that affect the reported amounts of assets
 and liabilities, disclosure of contingent amounts as at the date of the
 financial statements and reported amounts of revenues and expenses
 during the reporting period. Actual results could differ from these
 estimates. Any revision to accounting estimates is recognized
 prospectively in the current and future periods.
 3.  Fixed assets / Capital Work-in-Progress
 3.1 Fixed Assets are stated at cost of acquisition or construction,
 less accumulated depreciation.
 3.2 All costs, including financing costs, till the assets are ready to
 be put to use, wherever applicable, are capitalized. Loss/gain from
 foreign exchange fluctuations arisen up to end of the year relating to
 borrowings/liabilities attributable to fixed assets is also
 capitalized. All subsequent Loss/gain are recognized in the Profit and
 Loss Account.
 3.3 Items of fixed assets that have been retired from active use and
 are held for sale are stated at the lower of their net book values and
 net realizable values and are appropriately disclosed in the financial
 statements.  Any expected loss is recognized immediately in the profit
 and loss account.
 4.  Depreciation
 Depreciation on fixed assets is provided on Straight Line Method at the
 rates specified in Schedule XIV to the Companies Act, 1956 on pro-rata
 basis, other than mobile phones for which depreciation is charged at
 the rate of 100% in the year of acquisition.
 5.  Investments
 Investments that are intended to be held for more than a year, from the
 date of acquisition, are classified as long- term Investments and are
 carried at cost. However, provision for diminution in the value of
 investments is made to recognize a decline, other than temporary, in
 the value of the investments. Investments other than long-term
 investments being current investments are valued at cost or fair value
 whichever is lower. Income from Investments is included together with
 the related tax credit, if any, in the Profit and Loss Account.
 6.  Inventories
 6.1 Raw Materials, stores and spares, packing material and fuel are
 valued at cost determined on weighted average basis. Cost is determined
 as per Accounting Standard AS-2 Valuation of Inventories.
 6.2 Cost of Finished goods and work in progress are calculated using
 weighted average cost method.
 6.3 Work in progress is valued at cost or net realizable value
 whichever is lower.
 6.4 Finished goods are valued at cost or net realizable value whichever
 is lower.
 7.  Provisions & Contingent liabilities
 Contingent liabilities as defined in Accounting Standard 29 on
 Provisions, Contingent Liabilities and Contingent Assets, are
 disclosed by way of notes to the accounts. Provision is made if it is
 probable that an outflow of future economic benefits will be required
 for an item previously dealt with as a contingent liability. A
 Contingent liability is disclosed, unless the possibility of an outflow
 of resources is remote.
 8.  Revenue recognition
 Revenue is recognized when it is earned and no significant uncertainty
 exists as to its realization or collection.  Sales represent value of
 goods sold, net of returns and discounts.
 9.  Subsidies
 Subsidies are recognized on the basis of claims filed. Adjustments for
 shortfall in sanctions / disbursements are made in the year of
 sanctions / receipts, except where otherwise stated.
 10.  Borrowing Costs
 Borrowing costs attributable to the acquisition or construction of
 qualifying assets, as defined in Accounting Standard 16 on Borrowing
 Costs are capitalized as part of the cost of such asset up to the date
 when the asset is ready for its intended use. Other borrowing costs are
 expensed as incurred.
 11.  Employee Benefits
 Short Term employee benefits (benefits which are payable within twelve
 months after the end of the period in which the employees render
 service) are measured at cost.
 The costs of providing Leave Encashment (a long term employee benefit)
 and Gratuity (a post employment benefit), both of which are defined
 benefit plans, are determined using the Projected Unit Credit Method,
 on the basis of actuarial valuations carried out by third party
 actuaries at each balance date. The leave encashment and gratuity
 benefit obligations recognized in the balance sheet represent the
 present value of the obligations as reduced by fair value of plan
 assets, if any. Any asset resulting from this calculation is limited to
 the discounted value of any economic benefits available in the form of
 refunds from the plan or reductions in future contributions to the
 plan. Actuarial gains and losses are recognized immediately in the
 profit and loss account as income or expense.
 12.  Income Tax
 Income taxes are accounted for in accordance with Accounting Standard
 (AS) - 22 on Accounting for Taxes on Income. Taxes comprise both
 current and deferred tax.
 Current tax is measured at the amount expected to be paid/recovered
 from the revenue authorities, using the applicable tax rates and laws.
 The tax effect of the timing differences that result between taxable
 income and accounting income and are capable of reversal in one or more
 subsequent periods are recorded as a deferred tax asset or deferred tax
 liability. Deferred tax assets and liabilities are recognized for
 future tax consequences attributable to timing differences. They are
 measured using the substantively enacted tax rates and tax regulations.
 The carrying amount of deferred tax assets at each Balance Sheet date
 is reduced to the extent that it is no longer reasonably certain that
 sufficient future taxable income will be available against which the
 deferred tax asset can be realized.
 13.  Impairment Loss
 Impairment of Assets is accounted for in accordance with the principal
 laid down in Accounting Standard 28 (AS 28) -Impairment of Assets.
 14.  Duties and Taxes
 14.1 Excise duty is accounted for on clearance of goods from the
 Factory. Refund/Remissions of Excise duty as per provisions of
 Notification No. 33/99 CE dated 08.07.1999 is accounted for on accrual
 basis and disclosed as Other Income in the profit and loss account.
 14.2 Refund of Excess/Short payment of duties, taxes, interest and
 other Levies are accounted for on cash basis.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `566.52 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `183.41 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `800 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `818 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `140.36 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `42.76 Cr की बिकवाली की
  • MARKET CUES : स्टॉक ऑप्शंस में `79.20 Cr की बिकवाली की
  • MS ON TCS : Equal-weight रेटिंग, लक्ष्य `1,980/Sh
  • MS ON TITAN : Equal-weight रेटिंग, लक्ष्य `1240/Sh
  • MS ON ICICI BANK : Overweight रेटिंग, लक्ष्य `665/Sh

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मार्केट टॉप 20




(August 06, 2018)

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