Jinprabhu Infrastructure Developments Ltd. कंपली की लेखा नीति

Mar 31, 2009

1. Accounting System:

The financial statement have been prepared to comply in all material aspects with all the applicable accounting principle in India, the applicable accounting standards and relevant presentational requirement of the Companies Act 1956. The Financial statements have been prepared in accordance with the historical cost convention, ongoing concern concept and follows accrual basis of accounting, unless otherwise stated.

2. Fixed Assets:

Fixed Assets both owned and leased are valued at cost less accumulated depreciation.

3. Depreciation:

Depreciation on fixed assets is provided block-wise on written down value method as per rates prescribed in schedule xiv to the Companies Act, 1956. No provision for depreciation has been made on Leased Assets due to non-use of these Assets.

4. Investments:

Investments are made for long term purpose and are stated at cost. =

5. Inventories:

Inventories represent Shares held as Stock -in Trade are valued at cost or market price whichever is lower. However, the market value is indeterminate, since the shares are delisted.

6. Lease Rent:

The Lease rent has not been recovered since 1997 in respect of leased assets. ==

7. Provision for taxation:

i) Provision for income tax and Fringe Benefit tax is made in accordance with the provisions of Income tax Act 1961.

ii) No provision for Deferred Tax Liability and Deferred Tax Assets has been made. The incidence of deferred tax being deferred tax asset has not been recognized in view of uncertainty of future taxable income.

8. Segment Accounting Policies:

The Company has only one reportable business segment i.e. Consultancy Services other related business as per Accounting Standard 17 issued by the Institute of Chartered Accountants of India.

9. The Company hold Investment in certain Quoted Investments worth Rs.253.70 Lacs , of which investments marked " *" as above are delisted or market value is un-available, however the management is carried the same at cost