The Financial Statements have been prepared under the Historical Cost
Convention in accordance with applicable Accounting Standards and
relevant disclosure of the Companies Act, 1956.
B. FIXED ASSETS
Fixed Assets are stated at cost less accumulated depreication. Cost of
acquistion/ construction is inclusive of freigh, duties, taxes & other
incidental expenses.
C. DEPRECIATION
The Company has followed the straight line method of depreciation. The
depreciation for the year has been provided in accordance with the
rates and in manner as specified in schedule XIV of the Companies Act,
1956.
D. INVENTORIES
The basis of valuation for different categories of inventory are as
follows:
Raw Materials & Stores & Spares : At Cost
Finished Goods : At Cost or market price whichever is less
Jun 30, 2010
A. ACCOUNTING CONVENTIONS
The financial statements have been prepared under the historical Cost
Convention in accordance with applicable Accounting Standards and
relevant disclosure of the Companies Act, 1956.
B. FIXED ASSETS
Fixed Assets are stated at cost less accumulated depreciation. Cost of
acquisition/construction is" inclusive of freight, duties,taxes other
incidental expenses.
C. DEPRECIATION
The Company has followed the straight line method of depreciation. The
depreciation for the year has been provided in accordance with the
rates and in manner as. specified in Schedule XIV of the
Companies Act, 1956.
D. INVENTORIES
The basis of valuation for different categories of inventory are as
follows :
Raw Materials & Stores & Spares : At Cost
Finished Goods : At cost or market price whichever
is less
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