Shivom Investment & Consultancy Ltd. కంపెనీ అకౌంటింగ్ విధానాలు

Mar 31, 2025

1. Basis of accounting: -

These financial statements have been prepared in accordance with the Generally Accepted
Accounting Principles in India (Indian GAAP) including the Accounting Standards
notified under section 133 of the Companies Act, 2013, read with Rule 7 of the Companies
(Accounts) Rules, 2014 and the relevant provisions of the Companies Act, 2013. The
financial statements have been prepared under the historical cost convention on accrual
basis.

2. Use of Estimates: -

The preparation of financial statements in conformity with Indian GAAP requires the
management to make judgments, estimates and assumptions that affect the reported
amounts of revenues, expenses, assets and liabilities and the disclosure of contingent
liabilities, at the end of the reporting period. Although these estimates are based on the

management''s best knowledge of current events and actions, uncertainty about these
assumptions and estimates could result in the outcomes requiring a material adjustment
to the carrying amounts of assets or liabilities in future periods.

3. Revenue Recognition: -

Expenses and Income considered payable and receivable respectively are accounted for
on accrual basis. Revenue is recognized to the extent that it is probable that the economic
benefits will flow to the Company and the revenue can be reliably measured.

4. Property, Plant & Equipment: -

Company does not have any property, plant & equipment including intangible assets.

5. Investments: -

Company does not have any non-current or current investments.

6. Inventories: -

Company does not have any amount of inventories.

7. Foreign Currency Transactions: -

Transactions in foreign currencies are accounted at the rate prevalent at the time of
transaction. Foreign currency monetary items of the Company, outstanding at the balance
sheet date are restated at the year-end rates. Non-monetary items of the Company are
carried at historical cost. Exchange differences arising on settlement/restatement of short¬
term foreign currency monetary assets and liabilities of the Company are recognized as
income or expense in the Statement of Profit and Loss.

The exchange differences arising on settlement/restatement of long-term foreign currency
monetary items are capitalized as part of the depreciable fixed assets to which the
monetary item relates and depreciated over the remaining useful life of such assets.

8. Borrowing cost: -

Borrowing costs that are attributable to the acquisition or construction of the qualifying
assets are capitalized as part of the cost of such assets. A qualifying asset is one that
necessarily takes a substantial period of time to get ready for its intended uses or sale. All
other borrowing costs are charged to revenue in the year of incurrence.

9. Taxes on Income: -

Provision for current tax is made on the basis of estimated taxable income for the current
accounting year in accordance with the Income Tax Act, 1961. The deferred tax for timing
differences between the book and tax profits for the year is accounted for, using the tax
rates and laws that have been substantively enacted by the balance sheet date. Deferred
tax assets arising from timing differences are recognized to the extent there is virtual
certainty with convincing evidence that these would be realized in future. At each Balance
Sheet date, the carrying amount of deferred tax is reviewed to reassure realization.

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Mar 31, 2018

1. Significant Accounting Policies

1.1 Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with the Indian Accounting Standards (‘Ind AS”) notified notified under the Companies (Indian Accounting Standards) Rules, 2015 , Companies (Indian Accounting Standards) Amendment Rules, 2016 (to the extent notified and applicable) and the guidelines issued by the Reserve Bank of India as applicable to a Non-banking Finance Company. Up to the year ended March 31, 2017, the Company prepared its financial statements in accordance with the requirements of previous GAAP, which includes Standards notified under the Companies (Accounting Standards) Rules, 2006. These are the company’s first Ind AS financial statements. The date of transition to Ind AS is April 1st, 2016. In accordance with Ind AS 101 First-time Adoption of Indian Accounting Standard, the Company has presented a reconciliation under Accounting Standards notified under the Companies (Accounting Standards) Rules, 2006 (“Previous GAAP” or “Indian GAAP”) to Ind AS.

The financial statements have been prepared under the historical cost convention and on accrual basis, unless otherwise stated. The financial statements are presented in Indian rupees.

1.2 Revenue Recognistion

The Company recognises income on accrual basis. However where the ultimate collection of the same lacks reasonable certainty, revenue recognition is postponed to the extent of uncertainty.

1.3 Property, Plant & Equipment

Fixed Assets are stated at cost less accumulated depreciation and impairment loss, if any. Depreciation on fixed assets is provided on SLM at the rates and in the manner prescribed in the Schedule II of the Companies Act, 2013.

The details of estimated life for each category of asset are as under:

Intangible Asswts (Goodwill) — 5 years

1.4 Investments

Long-term Investments are carried at acquisition cost. Investments intended to be held for less than one year are classified as ‘Current Investments’ and carried at lower of cost and net realizable value. Provision for diminution in value is made if the decline in value is other than temporary in nature in the opinion of the management.

Investment in shares of Kaushalya Infrastructure Development Corporation Limited and Prabhat Telecoms (India) Limited are converted into Inventory (Stock in trade). Further value of these shares are taken at their prevalent market price on the relevant date.

1.5 Taxes on Income

Provision for Income Tax is made on the basis of estimated taxable income for the period at current rates. Tax expense comprises both Current Tax and Deferred Tax at the applicable enacted or substantively enacted rates. Current Tax represents the amount of Income Tax payable/ recoverable in respect of taxable income/ loss for the reporting period. Deferred Tax represents the effect of timing difference between taxable income and accounting income for the reporting period that originates in one year and are capable of reversal in one or more subsequent years.

1.6 Provisions, Contingent Liabilities and Contingent Assets

Provisions involving substantial degree of estimation in measurement are recognised when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are not recognised but are disclosed in the Notes. Contingent Assets are neither recognised nor disclosed in the financial statements.

1.7 Inventory

Inventory cost includes cost of purchase and other costs incurred in bringing the inventories to their present condition. Inventories have been valued at lower of Cost or NRV.

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Mar 31, 2016

1. Significant Accounting Policies

1.1 Basis of Preparation of Financial Statements

The Financial Statements have been prepared in conformity with generally accepted accounting principles to comply with the notified accounting standards under the Companies (Accounting Standard) Rules, 2006 and the guidelines issued by the Reserve Bank of India as applicable to a Nonbanking Finance Company. The financial statements have been prepared under the historical cost convention and in accordance with the provisions of the Companies Act, 2013.

1.2 Revenue Recognition

Revenue is recognized only when it can be reliably measured and it is reasonable to expect ultimate collection.

1.3 Fixed Assets & Depreciation and Amortization

Fixed Assets are stated at cost less accumulated depreciation and impairment loss, if any. Depreciation on fixed assets is provided on SLM at the rates and in the manner prescribed in the Schedule II of the Companies Act, 2013.

The details of estimated life for each category of asset are as under:

Intangibles (Goodwill) — 5 years

1.4 Investments

Long-term Investments are carried at acquisition cost. Investments intended to be held for less than one year are classified as ''Current Investments'' and carried at lower of cost and net realizable value. Provision for diminution in value is made if the decline in value is other than temporary in nature in the opinion of the management.

1.5 Taxes on Income

Provision for Income Tax is made on the basis of estimated taxable income for the period at current rates. Tax expense comprises both Current Tax and Deferred Tax at the applicable enacted or substantively enacted rates. Current Tax represents the amount of Income Tax payable/ recoverable in respect of taxable income/ loss for the reporting period. Deferred Tax represents the effect of timing difference between taxable income and accounting income for the reporting period that originates in one year and are capable of reversal in one or more subsequent years.

1.6 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 an 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.

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Mar 31, 2012

1.2 Revenue Recognition

Revenue recognized only whom can he reliably measured and is in expect. I ultimate collection

1.3 Fixed Assets & Depreciation

Taxed Assets are stated at cost less accumulated depreciation and impairment loss, if any Depreciation on lived assets is provided on SI M at the rates and in the manner prescribed in the Schedule XIV of the Companies Act, 1956

1.4 Investments

I mg-term Investment are earned at acquisition cost Investments intended to be held tar less than one year are classified at ‘Current Investments and carried at lower of cost and new realizable value Provision for diminution in value made it the decline in value it other than temporary in nature in the opinion not the management

1.5 Taxes on Income

Provision for Income Tax is made on the basis of estimated taxable income for the period at current rate''* Tax expense comprises both Current Tax and Deferred Tax At I the applicable enacted or Kstantiveh enacted roles Current Tax represents the amount of Income Tax payable/ recoverable in respect to taxable income/ loss for the reporting period Deterred Tax represents the effect of timing difference between taxable income and accounting income lion the reporting period that originates in one year and are capable of reversal in one or more subsequent Year

1.6 Provisions, Contingent Liabilities and Contingent Assets

Provision? involving substantial degree to estimation in measurement are recognized when there is a present obligation as a result ot past events and it is probable that there will be an outflow to resources Contingent Liabilities are not recognized but are disclosed in the Notes Contingent Assets are neither recognized nor disclosed in The financial statements.

19. Notes to Accounts :

a) Segment Reporting

The Company is predominantly engaged in the business of financial activities and is a ‘Single Segment Company.

b) Related Party Disclosures

AS per Accounting Standard 18 Related Party Disclosures'', the disclosure of transactions veils related parties are given below:

(i) Names of the related parties and description of relationship