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Moneycontrol.com India | Accounting Policy > Packaging > Accounting Policy followed by Ador Technopak - BSE: 516076, NSE: N.A
Ador Technopak
BSE: 516076|ISIN: INE708D01014|SECTOR: Packaging
Ador Technopak is not traded in the last 30 days
Ador Technopak is not listed on NSE
Accounting Policy Year : Mar '04
1. Significant Accounting Policies
 A. Basis of Accounting:
 The financial statements are prepared on historical cost convention
 basis. Income and expenditure are recognized on accrual basis except in
 the case of significant uncertainty. These statements are drawn up In
 accordance with the generally accepted Accounting Principles and the
 Accounting Standards referred to in Section 211(3C) of the Companies
 Act, 1956.
 B. Fixed Assets:
 The Fixed Assets including those on lease are stated at cost of
 acquisition/construction less accumulated depreciation /amortisation.
 C. Debtors & Other receivables:
 These are stated at book value less provision for debts
 doubtful/difficult to recover, if any.
 D. Inventories:
 The Inventories are valued at lower of weighted average cost or net
 realizable value. Finished goods are valued inclusive of excise duty.
 E. Sales:
 Include excise duty recovered.
 F. Excise Duty:
 During the year Excise duty Is accounted as and when it is paid.
 G. Depreciation
 The cost of lease rights of land is amortised over remaining period of
 lease. The depreciation on other assets is provided from this year on
 written down value method, at the rates and in the manner prescribed
 under schedule XIV to the Companies Act, 1956.-Refer note 5 for the
 H. Retirement Benefits:
 Provident Fund cost Is accounted as per the provisions of the said Act.
 Gratuity and superannuation cost is accounted as per the amounts
 payable to LIC under respective schemes. Leave encashment cost is
 accounted as per arithmetical calculation of the entitlement at the end
 of the year.
 I. Income Tax:
 Income Tax liability for the year is accounted on the basis of
 chargeable income for the year under Income Tax Act at the applicable
 rates of tax. Net change in the deferred tax asset or liability in the
 year Is stated separately.
 Deferred tax assets and liabilities are recognized for the future tax
 consequences of time difference between the values of assets and
 liabilities as per books and their respective tax bases. Deferred tax
 asset is recognized to the extent of incremental Deferred tax liability
 arising up to the end of the year. The effect on deferred tax asset and
 liability of a change in tax rate, is recognized in the year of
 enactment of the change.
 J. Earning per share:
 The Basic and Diluted earnings/loss per equity share ore reported in
 accordance with AS-20, Earning per share. Basic earning/loss per equity
 share is computed by dividing net profit/loss after tax by the weighted
 average number of equity shares outstanding for the period. Diluted
 earning per equity share is computed using the weighted average number
 of equity shares and diluted potential equity shares outstanding during
 the period.
Source : Dion Global Solutions Limited
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