Method of Accounting
The Company maintain its accounts on accrual basis. However, certain
escalation and other claim which are not ascertainable/knowledged are
not taken into account.
Raw Materials are value at cost and finished goods at the lower of cost
or net realisable value.
Fixed Assets are valued at cost or acquisition including freight,
import duty, excise, local taxes, cost or erection and other incidental
DEFERRED REVENUE EXPENDITURE :
Deferred revenue expenditure is being written off over the period of
benefit derived from the expenses as estimated.
Retirement Benefits :
Retirement benefits in respect of Gratuity is being treated on cash
basis and no provision has been made for the same.
FOREIGN EXCHANGE TRANSACTION :
Export sales are accounted for on shipment against order at the
conversion rates prevailing as on the date of negotiation of documents
and balance on actual realisation.