Intergrated Digital Info Services Ltd. కంపెనీ అకౌంటింగ్ విధానాలు

1.Disclosure on accounting policies

The accounts are maintained on accrual basis as a going concern.

2.Valuation of Inventories

Inventories are valued at tower of cost or net real cable value.

Raw materials are valued al cost of Purchase and includes all expenses incurred twanging the materials lo their present location and condition.

3. Cash Flow Statement

Pursuant 10 the listing agreement with Stock Exchange, Cash Flow Statement has been attached to fire Balance sheet and Profit and Less Account,

4 Depreciation Accounting

Fixed asset were physically verified and three is no material discrepancy. There is no deviation in the valuation of fixed assets during the financial year 2010-2011,Depreciation for the period under review has been provided as per Schedule XIV of the companies Ac!,l956.No fixed assets have been revalued during the financial year 2010-2011 -

5.Rvenue Recognition

The Company is booking its sales electronically which are subscriptions from various parties. Registration of members are made through on line application form filled in during subscription. The Subscription is annual and renewals are also made electronically using on line renewal form .The Company has adopted and complied with the Accounting Standard AS- 9 concerned with the liming of recognition in the statement of Profit and Loss Account

Discontinuing Operations

The company has not discontinued any operations during the year

Disclosure required tinder the Companies Act.1956

The Subscribed and Paid up Capital include Rs1.49,77,626 Equity Shares of Slav-each issued and fully paid up.

I, List of Small Scale industrial Undertakings to whom the company owes a sum which is outstanding for more than 30 days -Nil

Accounting Policies / Compliance of Accounting Standards issued by the Institute of Chartered Accountants of India. Have been duly complied with

1. Disclosure on accounting Policies

The accounts are maintained on accrual basis as a going concern.

2. Valuation of inventories

Inventories are valued at lower of cost or net realizable value.

Raw materials are valued at cost of purchase and includes all expenses incurred bringing the materials to their present location and condition.

3. Cash Flow Statements

Pursuant to the listing agreement with Stock Exchange, Cash Flow Statement has been attached to the Balance Sheet and Profit & Loss Account.

4. Depreciation Accounting

Fixed asset were physically verified and there is no material discrepancy. There is no deviation in the valuation of fixed assets during the financial year 2009-2010. Depreciation for the period under review has been provided as per schedule XIV of the Companies Act 1956. No fixed assets have been revalued during the financial year 2009-10.

5. Revenue Recognition

The Company is booking its sales electronically which are subscriptions from various parties. Registration of members are made through on line application form filled in during subscription. The subscription is annual and renewals are also made electronically using on line renewal form. The Company has adopted and complied with the Accounting Standard AS-9 concerned with the timing of recognition in the statement of Profit and Loss Account.

6. The Key management personnel are:

a. Mr.C.Padmanaabhan

b. Mr.C.P.Srikrishna

c. Mr.C.P.Sriharish

Amount paid to Key Management Personnel

Sitting Fees Rs.-Nil-

Remuneration Rs. 23,40,000/-

7. Discontinuing Operations

The Company has not discontinued any operations during the year.

Disclosure required under the Companies Act, 1956

The Subscribed and Paid -up Capital include 1, 49, 77,626 Equity Shares of Rs.10/- each issued and fully paid up