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Moneycontrol.com India | Accounting Policy > Textiles - Processing > Accounting Policy followed by Urvi Chemicals & Allied Industries - BSE: 501371, NSE: N.A
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Urvi Chemicals & Allied Industries
BSE: 501371|SECTOR: Textiles - Processing
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Urvi Chemicals & Allied Industries is not traded in the last 30 days
Urvi Chemicals & Allied Industries is not listed on NSE
Accounting Policy Year : Mar '02
A) Basis of Accounting :
 
 The financial statements are prepared under historical cost convention
 on accrual basis and are in accordance with the requirements of the
 Companies Act, 1956.
 
 B) Depreciation :
 
 Depreciation for the year is provided on the Straight Line Method at
 the rate and in the manner specified in Schedule XIV to the Companies
 Act, 1956.
 
 C) Retirement Banefits to Employees :
 
 Gratuity liability has been provided for on the basis of last salary
 drawn with number of completed years of service by employees.
 
 D) Investments :
 
 Investments are valued at cost as they are held on long term basis.
 Hence no provision for diminution in the value of investment has been
 made.
Source : Dion Global Solutions Limited
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