1. Fixed Assets
Fixed Assets are stated at cost. Depreciation is provided on items of
Fixed Assets by applying the Written Down Value Method as per Schedule
XIV of the Companies Act, 1956.
Long Term Investments are valued at cost. Diminution in the value of
such investments is not recognised unless such diminution is considered
3. Foreign Currency Transactions
Transactions in foreign currency are recorded at the exchange rate
existing at the time of transaction and exchange differences are dealt
with in the Profit & Loss Account.
Liabilities at the year end are converted at closing rates and exchange
differences are dealt with in the Profit & Loss Account.