1 Basis of Accounting :
The financial statements are prepared under the historical cost
convention on an accrual basis and are in accordance with the
requirements of Companies Act, 1956.
2 Sales :
Sales turnover includes sales value of goods, other recoveries and
3 Investments :
Investments are valued at cost.
4 Depreciation has been calculated on the Straight Line Method at the
rates Prescribed under Schedule XIV of the Companies Act, 1956.
5 Inventorries :
Inventories are valued on the following basis :
Finished goods : At Cost
Raw Materials : At Cost
Stores & Consumables : At Cost