Escolar Documentos
Profissional Documentos
Cultura Documentos
S.No Area
Accounting Policy
Fixed Asset
2.
Intangible Assets
3.
Depreciation and
Amortisation
Fixed Assets are stated at cost less stated Depreciation. All the expenses incurred till the assets are ready to
use are capitalised.
These are recognised only if future economic benefits are probable and the cost can be measured reliably.
They are carried at cost less accumulated amortisation/impairement.
Depreciation on the assets are charged on the following basis: Block, dies & moulds (other than high-end moulds) are depreciated @ 95% in the year of purchase itself
on prorata basis.
Lease hold Land is amortised over the period of Lease.
Tangible assets of Vapi, Dongri and Masat units are depreciated by WDV method at the rates
prescribed under Schedule XIV of the Companies Act.
All other tangible assets are depreciated by SLM method at the rates prescribed under Schedule XIV of
the Companies Act.
Equal amount of Goodwill accounted consequent of a merger is depreciated over the useful life of 5
years.
4.
Investments
5.
Inventory
6.
Revenue
7.
Provisions and
Contingent Liabilities
8.
Taxation
9.
Share Capital
10.
Trade Marks and other intangible assets are amortised over the period not exceeding 10 years.
Software is amortised @ 16.21% on SLM basis.
Long term Investments are stated at cost.
Current Investments are stated at cost or fair value, whichever is lower.
Any kind of permanent diminution in the value of investments is charged to Profit & Loss A/C.
Inventories are valued at cost or NRV whichever is less, except for WIP and advertising material which
are valued at cost.
Costs are calculated on weighted average method.
Revenue is recognised on accrual basis
Sales include duty drawback, license premium on exports, Sales Tax net of Trade discounts and other
rebates.
Provisions are recognised when there is a legal and constructive obligation as a result of past event, for
which it is probable that a cash outflow will be required and a reliable estimate can be made of the
amount of the obligation.
Contingent liabilities are disclosed when the Company has a possible obligation or a present obligation
and it is probable that a cash outflow will not be required to settle the obligation.
Provision for tax is made both for current and deferred tax.
Provision for current tax is made at the current tax rates based on assessable income.
Deferred tax assets are recognised only to the extent that there is virtual certainty supported by
convincing evidence that sufficient future taxable income will be available against which such deferred
tax assets can be realised.
Comprises only of Equity Shares, no preference shares.
Face Value of shares Re. 1.
All the borrowings are secured by mortgage on movable and immovable assets.
All borrowings are in the form of bank loans.
200910
76,346
201011
79,696
201112
83,470
201213
92,045
Items Covered
Fixed Assets
200809
70,644
CWIP
3,670
620
648
6,563
4,411
Share Capital
1,313
1,513
1,513
1,513
1,513
Borrowings
44,819
25,906
22,937
10,753
4,355
Mainly comprise of
Tangible assets like Land,
Building, P&M, furniture
etc. And Intangible assets
like Goodwill, Trade Marks
and software.
Remarks
Small additions per year due to the new Plant &
Machinery installed.
A Trademark registration in the year 2009-10
worth Rs. 100 Lacs.
Installed Capacity of the company increased
significantly in the two years from 2009-2011
and then again in 2012-13.
Mainly comprises of Construction of Plant &
Machinery.
100 lacs shares of Rs.2 each issued to QIBs @
Rs. 310/share in the year 2009-10 to repay the
borrowings.
In 2008-09, Borrowings were mainly from
banks, related parties, and other parties.
Repaid the loan amount of approx Rs. 200
Crores due from related parties out of the
proceeds of share issue in the year 2009-10.
Constant variations in the sources of finance i.e.
banks and other parties year by year.
Company started paying its debts gradually with
the new issue of shares.
At the end whole outstanding loan was from
bank.
Investments
3,989
6,208
708
8,080
16,358
Inventories
7,320
7,861
12,191
10,941
11,226
Debtors
5,075
7,273
9,128
7,893
8,048
Cash and
Bank
1,077
15,980
20,415
27,248
27,909
Current
Liabilities
15,059
15,375
15,370
28,565
28,392
Sales
72,235
100,68
5
122,11
5
138,98
1
162,70
9
COGS
30,877
38,204
51,132
61,080
69,343
Manufacturi
ng, Admin &
selling exp
29,130
38,377
45,875
50,420
58,684
Financing
Expenses
1,964
2,095
(1,181)
1,555
610
Depreciation
1,789
11,749
11,603
12,074
12,329
Mainly comprises of
Accounts payables,
proposed dividends and
taxes payable.
Main items sold are
Cosmetics & Toiletries and
Ayurvedic medicines.
Mainly comprises of cost
of Raw materials like oil,
chemicals and packaging
materials.
Mainly comprises of
Salaries & Wages (approx
15%), manufacturing
expenses (approx 10%),
Advertisement & sales
promotion (approx 50%)
Interest expenses less
interest income on
investments.
Depreciation and
amortisation expenses.