Indoworth Holdings Ltd. कंपली की लेखा नीति

Mar 31, 2025

B.4 Significant Accounting Policies

a) Property, Plant and Equipment

Property, Plant and Equipment are stated at cost, net of
recoverable taxes, trade discounts and rebates less accumulated
depreciation and impairment losses, if any. Such costs include
purchase price, borrowing cost and any cost directly attributable
to bringing the assets to its working condition for its intended use.

Subsequent costs are included in the asset’s carrying amount or
recognized as a separate asset, as appropriate, only when it is
probable that future economic benefits associated with the item

will flow to the Company and the cost of the items are material
and can be measured reliably. The carrying amount of any
component accounted for as a separate asset is derecognized when
replaced.

The Company reviews the estimated useful lives and residual values
of property, plant and equipment at the end of each reporting
period. Assumption are also made as to whether an item meets the
description of asset so as to warrant its capitalization and which
component of the asset may be capitalized. Reassessment of life
may result in change in depreciation expense in future period.

b) Provisions

The recognition and measurement of provisions are based on the
assessment of the probability of an outflow of resources and on
past experience and circumstances know at the balance sheet
date. The actual outflow of resources at a future date may
therefore vary from the figure included in provisions.

c) Tax Expenses

The tax expense for the period comprises of current tax and
deferred income tax. Tax is recognized in Statement of Profit St
Loss, except to the extent that it relates to items recognized in
the Other Comprehensive Income or in equity, in which case , the
tax is also recognized in Other Comprehensive Income or Equity.

i) Current tax

Current tax assets and liabilities are measured at the amount
expected to be recovered from or paid to the Income Tax
authorities, based on tax rates and laws that are
enacted/prevailing at the Balance Sheet date.

ii) Deferred tax

Deferred tax is recognized on temporary differences between the
carrying amounts of assets and liabilities in the financial
statements and the corresponding tax bases used in the
computation of taxable profit.

Deferred tax liabilities and assets are measured at the tax rates
that are expected to apply in the period in which liability is
settled or the asset realized, based on tax rates (and tax laws)
that have been enacted or substantively enacted by the end of

reporting period. The carrying amount of Deferred tax liabilities
and assets are reviewed at the end of each reporting period.

d) Revenue Recognition

Revenue is recognized on accrual basis

e) Financial Instruments
Cash and cash equivalents

The Company considers all highly liquid financial instruments,
which are readily convertible into know amounts of cash that are
subject to an insignificant risk of change in value and having
original maturities of three months or less from the date of
purchase, to be cash equivalents. Cash and cash equivalents
consist of balances with banks which are unrestricted for
withdrawal and usage.

Financial assets at amortized cost

Financial assets are subsequently measured at amortized cost if
these financials assets are held within a business whose objective
is to hold these assets in order to collect contractual cash flows
and the contractual terms of the financial assets give rise on
specified dates to cash flows that are solely payments of principal
and interest on the principal amount outstanding.

Financial assets at fair value through other comprehensive
income FVTOCI)

Financial assets are measured at fair value through other
comprehensive income if these financial assets are held within a
business whose objective is achieved by both collecting
contractual cash flows that give rise on specified dates to solely
payments of principal and interest on the principal amount
outstanding and by selling financial assets.

Financial assets at fair value through profit or loss (FVTPL)

Financial assets are measured at fair value through profit or loss
unless it is measured at amortized cost or at fair value through
other comprehensive income on initial recognition. The
transactions costs directly attributable to the acquisition of
financial assets and liabilities at fair value through profit or loss
are immediately recognized in profit or loss.

Financial liabilities

Financial liabilities are measured at amortised cost using the
effective interest rate method.

Offsetting of Financial instruments

Financial assets and financial liabilities are off set and the net
amount is reported in financial statements if there is a currently
enforceable legal right to off set the recognized amounts and there
is an intention to settle on a net basis, to realise the assets and
settle the liabilities simultaneously.

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Mar 31, 2014

A) Use of Estimate

The preparation of financial statements in conformity with Indian GAAP requires the management to make judgments, estimates and assumptions that affect the reported amounts of revenue, incomes, assets and liabilities and disclosures of contingent liabilities at the end of the reporting period. Although these estimates are based on the management''s best knowledge of current events and actions, uncertainty about these assumptions and estimates could result in the outcomes requiring a material adjustment to the carrying amounts of assets or liabilities in future periods.

1.1 Tangible Fixed Assets, Depreciation & Impairment

I. Fixed Assets are stated at cost of acquisition.

II. Depreciation on Fixed Assets has been provided on straight line method at the rates prescribed in Schedule XIV of the Companies Act,1956 on pro-rata basis.

III. The carrying amount of assets is reviewed at Balance Sheet date to determine, if there is any indication of impairment thereof based on external/internal factors and impairment loss is recognized wherever the carrying amount of an assets exceeds its recoverable amount which represent the greater of the net selling price of the assets and its value in use. In assessing value in use, the estimated future cash flow are discounted to their present value based on an appropriate discount factor.

1.2 Investments

Investments are stated at cost. Provision for diminution in the value of investments has not been made as the same is temporary in nature, based on management''s evaluation.

1.3 Inventories

Stock of shares has been valued at cost or market price whichever is lower.

1.4 RECOGNITION OF INCOME & EXPENDITURE

Items of income and expenditure are recognized on accrual basis except for Dividend Income, Debenture Interest and Interest from Unit''64 which are being accounted for on cash basis.

1.5 CONTINGENT LIABILITIES

Contingent liabilities are generally not provided for in the accounts and are shown separately in Notes on Accounts.

1.6 RETIREMENT BENEFITS

Retirement benefits to the employees in terms of gratuity are being accounted for as and when paid. Leave is encashed on annual basis as per the Rules of the Company.

1.7 TAXES ON INCOME

I. Provision for current tax is made in accordance with and at the rates specified under the Income Tax Ac, 1961, as amended.

II. The deferred tax charge is recognized using current tax rates. Deferred tax assets are recognized only to the extent there is reasonable certainty of realization in future. Deferred tax assets/liabilities are reviewed as at Balance Sheet date based on developments during the year and available case laws, to reassess realization /liabilities.

1.8 PRIOR PERIOD ADJUSTMENTS, EXTRA ORDINARY ITEMS AND CHANGES IN ACCOUNTING POLICIES

Prior period adjustments, extra-ordinary items and changes in accounting policies having material impact on the financial affairs of the company are disclosed.

1.9 Contingent liabilities are all Nil (Previous year Rs.Nil).

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Mar 31, 2012

A) Presentation and disclosure of Financial Statements

During the year ended March 31, 2012 the new Schedule VI notified under the Companies Act 1956, has become applicable to the Company, for the preparation and presentation of its financial statements. The adoption of this Schedule VI does not impact recognition and measurement principles followed for the preparation of financial statements. However, it has significant impact on preparation and disclosures made in the financial statements. The Company has reclassified the previous year figures in accordance with the requirements applicable in the year.

b) Use of Estimate

The preparation of financial statements in conformity with Indian GAAP requires the management to make judgments, estimates and assumptions that affect the reported amounts of revenue, incomes, assets and liabilities and disclosures of contingent liabilities at the end of the reporting period. Although these estimates are based on the management's best knowledge of current events and actions, uncertainty about these assumptions and estimates could result in the outcomes requiring a material adjustment to the carrying amounts of assets or liabilities in future periods.

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Mar 31, 2011

1. ACCOUNTING ASSUMPTIONS

The accounts have been prepared under historical cost convention on the basis of going concern, with revenue recognized and expenses accounted on their accrual basis and amounts determined as payable and receivable during the year except those with significant uncertainties and in accordance with Generally Accepted Accounting Principles (GAAP) applicable in India and the provisions of Indian Companies act 1956 (as amended).

2. FIXED ASSETS DEPRECIATION AND IMPAIRMENTS OF ASSETS

I. Fixed Assets are stated at cost of acquisition.

II. Depreciation on Fixed Assets has been provided on straight line method at the rates prescribed in Schedule XIV of the Companies Act,1956 on pro-rata basis.

III. The carrying amount of assets is reviewed at Balance Sheet date to determine, if there ia any indication of impairment thereof based on external/internal factors and impairment loss is recognized wherever the carrying amount of an assets exceeds its recoverable amount which represent the greater of the/it selling price of the assets and its value in use. In assessing value in use, the estimated future cash flow are discounted to their present value based on an appropriate discount factor.

3. INVESTMENTS

Investments are stated at cost. Provision for diminution in the value of investments has not been made as the same is temporary in nature, based on management's evaluation.

4. INVENTORIES

Stock of shares has been valued at cost or market price whichever is lower.

5. RECOGNITION OF INCOME & EXPENDITURE

Items of income and expenditure are recognized on accrual basis except for Dividend Income, Debenture Interest and Interest from Unit'64 which are being accounted for on cash basis.

6. CONTINGENT LIABILITIES

Contingent liabilities are generally not provided for in the accounts and are shown separately in Notes on Accounts.

7. RETIREMENT BENEFITS

Retirement benefits to the employees in terms of gratuity are being accounted for as and when paid. Leave is encashed on annual basis as per the Rules of the Company.

8. TAXES ON INCOME

I. Provision for current tax is made in accordance with and at the rates specified under Income Tax Act,1961, as amended.

II. The deferred tax charge or credit is recognized using current tax rates. Deferred tax assets are recognized only to the extent there is reasonable certainty of realization in future. Deferred tax assets/liabilities are reviewed as at each Balance Sheet date based on developments during the year and available case laws, to reassess realization/liabilities.

9. PRIOR PERIOD ADJUSTMENTS, EXTRA-ORDINARY ITEMS AND CHANGES IN ACCOUNTING POLICIES Prior period adjustments, extra-ordinary items and changes in accounting policies having material impact on the financial affairs of the company are disclosed.