Microse India Ltd. कंपली की लेखा नीति

Mar 31, 2024

2- Significant Accounting Policies:

The preparation of financial statements in conformity with Ind-AS requires management to
make judgments, estimates and assumptions that affect the reported amounts of revenues
expenses, assets and liabilities and disclosure of contingent liabilities at the end of
reporting period. Although these estimates are based upon management’s best knowledqe
of current events and actions, uncertainty about these assumptions and estimates could
esul m the outcomes requiring a material adjustment to the carrying amounts of assets or
liabilities in future periods.

3 Fixed Assets and Depreciation:

Fixed assets are stated at cost, net of accumulated depreciation and accumulated
impairment losses, if any. The cost comprises purchase price, borrowing costs if
capitalization criteria are met and directly attributable cost of bringing the asset to its
working condition for the intended use. Any trade discounts and rebates are deducted in
arriving at the purchase price. Subsequent expenditure related to an item of fixed asset is

added to its book value only if it increases the future benefits from the existing asset
beyond its previously assessed standard of performance. All other expenses on existinq
fixed assets, including repairs and maintenance expenditure and cost of replacing parts are
c arged to the statement of profit and loss for the period during which such expenses are
incurred. Depreciation on Fixed Assets has been provided on “ Straight Line Method” as per
Schedule II of the companies Act, 2013.

4 Investments

Investments, which are readily realizable and intended to be held for not more than one
year from the date on which such investments are made, are classified as current
investments. All other investments are classified as long-term investments On initial
recognition, all investments are measured at cost. The cost comprises purchase price and
directly attributable acquisition charges such as brokerage, fees and duties. If an
investment is acquired, or partly acquired, by the issue of shares or other securities, the
acquisition cost is the fair value of the securities issued. If an investment is acquired in
exchange for another asset, the acquisition is determined by reference to the fair value of
the asset given up or by reference to the fair value of the investment acquired, whichever is
more clearly evident. Current investments are carried in the financial statements at lower of
cost and fair value determined on an individual investment basis. Long term investments
are carried at cost. However, provision for diminution in value is made to recognize a
dechne other than temporary in the value of the investments. On disposal of an investment
the difference between its carrying amount and net disposal proceeds is charqed or
credited to the statement of profit and loss.

5 Revenue recognition

Revenue is recognized to the extent that it is probable that the economic benefits will flow
to the Company and the revenue can be reliably measured. The following specific
recognition criteria must also be met before revenue is recognized:

Income from trading in securities and derivatives comprises profit/loss on sale of securities
held as stock-in-trade and profit/loss on related derivative instruments. Sales and Purchase
would include expenses which are included as a part of the contract wherever applicable.

Dividend

Dividend income is recognized when the Company''s right to receive dividend is established
by the reporting date.

Interest

Interest on investments and bank deposits are recognized on a time proportion basis takinq
into account the amounts invested and the rate applicable.

6. Earning Per Share

Basic earnings per share are calculated by dividing the net profit or loss for the period
attributable to equity shareholders by the weighted average number of equity shares
outstanding during the period. Partly paid equity shares are treated as a fraction of an
equity share to the extent that they are entitled to participate in dividends relative to a fully
paid equity share during the reporting period. The weighted average number of equity
shares outstanding during the period is adjusted for events such as bonus issue, bonus
element in a rights issue, share split, and reverse share split (consolidation of shares) that
have changed the number of equity shares outstanding, without a corresponding change in
resources. For the purpose of calculating diluted earnings per share, the net profit or loss
for the period attributable to equity shareholders and the weighted average number of
shares outstanding during the period are adjusted for the effects of all dilutive potential
equity shares

7. Income Tax

Tax expense comprises current and deferred tax. Current income-tax is measured at the
amount expected to be paid to the tax authorities in accordance with the Income tax Act,
1961 enacted in India. The tax rates and tax laws used to compute the amount are those
that are enacted or substantively enacted, at the reporting date. Current income tax relating
to items recognized directly in equity is recognized in equity and not in the statement of
profit and loss. Deferred income taxes reflect the impact of timing differences between
taxable income and accounting income originating during the current year and reversal of
timing differences for the earlier years. Deferred tax is measured using the tax rates and the
tax laws enacted or substantively enacted at the reporting date. Deferred income tax
relating to items recognized directly in equity is recognized in equity and not in the
statement of profit and loss. Deferred tax liabilities are recognized for all taxable timing
differences.

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Mar 31, 2014

1. General Corporate Information:

M/s. Microse India Limited (the company) is a limited company domiciled in India and incorporated under the companies Act 1956. The company is doing business of Trading and Investment in Shares, Securities, Future and Option

2. Significant Accounting Policies:

1. Basis Of Accounting:

The financial statements of the Company have been prepared in accordance with the generally accepted accounting principles in India (Indian GAAP). The Company has prepared these financial statements to comply in all material respects with the accounting standards notified under the Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Act. The financial statements have been prepared on an accrual basis and under the historical convention. The accounting policies adopted in the preparation of financial statements are consistent with those of previous year, except for the change in accounting policy as explained below.

2. Use Of Estimates:

The preparation of financial statements in conformity with Indian GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities and disclosure of contingent liabilities, at the end of reporting period. Although these estimates are based upon 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.

3. Fixed Assets and Depreciation: ,

Fixed assets are stated at cost, net of accumulated depreciation and accumulated impairment losses, if any. The cost comprises purchase price, borrowing costs if capitalization criteria are met and directly attributable cost of bringing the asset to its working condition for the intended use. Any trade discounts and rebates are deducted in arriving at the purchase price. Subsequent expenditure related to an item of fixed asset is added to its book value only if it increases the future benefits from the existing asset beyond its previously assessed standard of performance. All other expenses on existing fixed assets, including repairs and maintenance expenditure and cost of replacing parts, are charged to the statement of profit and loss for the period during which such expenses are incurred. Depreciation on Fixed Assets has been provided on " Straight Line Method" at the rates specified in Schedule XIV of the companies Act, 1956.

4. Investments

Investments, which are readily realizable and intended to be held for not more than one year from the date on which such investments are made, are classified as current investments. All other investments are classified as long-term investments. On initial recognition, all investments are measured at cost. The cost comprises purchase price and directly attributable acquisition charges such as brokerage, fees and duties. If an investment is acquired, or partly acquired, by the issue of shares or other securities, the acquisition cost is the fair value of the securities issued. If an investment is acquired in exchange for another asset, the acquisition is determined by reference to the fair value of the asset given up or by reference to the fair value of the investment acquired, whichever is more clearly evident. Current investments are carried in the financial statements at lower of cost and fair value determined on an individual investment basis. Long term investments are carried at cost. However, provision for diminution in value is made to recognize a decline other than temporary in the value of the investments. On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the statement of profit and loss.

5. Revenue recognition

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. The following specific recognition criteria must also be met before revenue is recognized:

Income from trading in securities and derivatives comprises profit/loss on sale of securities held as stock-in-trade and profit/loss on related derivative instruments. Sales and Purchase would include expenses which are included as a part of the contract wherever applicable.

Dividends

Dividend income is recognized when the Company''s right to receive dividend is established by the reporting date.

Interest

Interest on investments and bank deposits are recognized on a time proportion basis taking into account the amounts invested and the rate applicable.

6. Earnings Per Share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period. Partly paid equity shares are treated as a fraction of an equity share to the extent that they are entitled to participate in dividends relative to a fully paid equity share during the reporting period. The weighted average number of equity shares outstanding during the period is adjusted for events such as bonus issue, bonus element in a rights issue, share split, and reverse share split (consolidation of shares) that have changed the number of equity shares outstanding, without a corresponding change in resources. For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.

7. Income Tax

Tax expense comprises current and deferred tax. Current income-tax is measured at the amount expected to be paid to the tax authorities in accordance with the Income tax Act, 1961 enacted in India. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date. Current income tax relating to items recognized directly in equity is recognized in equity and not in the statement of profit and loss. Deferred income taxes reflect the impact of timing differences between taxable income and accounting income originating during the current year and reversal of timing differences for the earlier years. Deferred tax is measured using the tax rates and the tax laws enacted or substantively enacted at the reporting date. Deferred income tax relating to items recognized directly in equity is recognized in equity and not in the statement of profit and loss. Deferred tax liabilities are recognized for all taxable timing differences.

8. Provisions

A provision is recognized when the Company has a present obligation as a result of past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

9. Cash and Cash Equivalent

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and cash/ cheques/ drafts on hand and short term investments with an original maturity of three months or less.

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Mar 31, 2013

1. Basis Of Accounting:

The financial statements of the Company have been prepared in accordance with the generally accepted accounting principles in India (Indian GAAP). The Company has prepared these financial statements to comply in all material respects with the accounting standards notified under the Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Act. The financial statements have been prepared on an accrual basis and under the historical convention. The accounting policies adopted in the preparation of financial statements are consistent with those of previous year, except for the change in accounting policy as explained below.

2. Use Of Estimates:

The preparation of financial statements in conformity with Indian GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities and disclosure of contingent liabilities, at the end of reporting period. Although these estimates are based upon 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.

3. Fixed Assets and Depreciation:

Fixed assets are stated at cost, net of accumulated depreciation and accumulated impairment losses, if any. The cost comprises purchase price, borrowing costs if capitalization criteria are met and directly attributable cost of bringing the asset to its working condition for the intended use. Any trade discounts and rebates are deducted in arriving at the purchase price. Subsequent expenditure related to an item of fixed asset is added to its book value only if it increases the future benefits from the existing asset beyond its previously assessed standard of performance. All other expenses on existing fixed assets, including repairs and maintenance expenditure and cost of replacing parts, are charged to the statement of profit and loss for the period during which such expenses are incurred. Depreciation on Fixed Assets has been provided on " Straight Line Method" at the rates specified in Schedule XIV of the companies Act, 1956.

4. Investments

Investments, which are readily realizable and intended to be held for not more than one year from the date on which such investments are made, are classified as current investments.^ All other investments are classified as long-term investments. On initial recognition, all investments are measured at cost. The cost comprises purchase price and directly attributable acquisition charges such as brokerage, fees and duties. If an investment is acquired, or partly acquired, by the issue of shares or other securities, the acquisition cost is the fair value of the securities issued. If an investment is acquired in exchange for another asset, the acquisition is determined by reference to the fair value of the asset given up or by reference to the fair value of the investment acquired, whichever is more clearly evident. Current investments are carried in the financial statements at lower of cost and fair value determined on an individual investment basis. Long term investments are carried at cost. However, provision for diminution in value is made to recognize a decline other than temporary in the value of the investments. On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the statement of profit and loss.

5. Revenue recognition

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. The following specific recognition criteria must also be met before revenue is recognized:

Dividends

Dividend income is recognized when the Company''s right to receive dividend is established by the reporting date.

Interest

Interest on investments and bank deposits are recognized on a time proportion basis taking into account the amounts invested and the rate applicable.

6. Earnings Per Share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period. Partly paid equity shares are treated as a fraction of an equity share to the extent that they are entitled to participate in dividends relative to a fully paid equity share during the reporting period. The weighted average number of equity shares outstanding during the period is adjusted for events such as bonus issue, bonus element in a rights issue, share split, and reverse share split (consolidation of shares) that have changed the number of equity shares outstanding, without a corresponding change in resources. For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.

7. Income Tax

Tax expense comprises current and deferred tax. Current income-tax is measured at the amount expected to be paid to the tax authorities in accordance with the Income tax Act, 1961 enacted in India. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date. Current income tax relating to items recognized directly in equity is recognized in equity and not in the statement of profit and loss. Deferred income taxes reflect the impact of timing differences between taxable income and accounting income originating during the current year and reversal of timing differences for the earlier years. Deferred tax is measured using the tax rates and the tax laws enacted or substantively enacted at the reporting date. Deferred income tax relating to items recognized directly in equity is recognized in equity and not in the statement of profit and loss. Deferred tax liabilities are recognized for all taxable timing differences.

8. Provisions

A provision is recognized when the Company has a present obligation as a result of past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

9. Cash and Cash Equivalent

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and cash/ cheques/ drafts on hand and short term investments with an original maturity of three months or less.

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Mar 31, 2010

1. BASIS OF ACCOUNTING:

a) The accounts have been prepared on the basis of historical cost convention in accordance with the generally accepted accounting principles and the provisions of the companies act, 1956.

b) The company generally follows mercantile system of accounting and recognizes significant items of income and expenditure on accrual basis.

2. FIXED ASSETS:

Fixed assets are stated at their cost of acquisition.

3. DEPRECIATION:

Depreciation on Fixed Assets has been provided on Straight Line Method at the rates specified in Schedule XIV of the companies Act, 1956.

4. INVENTORIES:

Inventories of shares are valued at cost.

5. INVESTMENTS: Investments are stated at cost.

6. RECOGNITION OF INCOME & EXPENDITURE:

Item of income and expenditure are generally recorded on accrual basis except ex-gratia which is accounted on cash basis.

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Mar 31, 2009

1. BASIS OF ACCOUNTING:

a) The accounts have been prepared on the basis of historical cost convention in accordance with the generally accepted accounting principles and the provisions of the companies act, 1956.

b) The company generally follows mercantile system of accounting and recognizes significant items of income and expenditure on accrual basis.

2. FIXED ASSETS:

Fixed assets are stated at their cost of acquisition.

3. DEPRECIATION :

Depreciation on Fixed Assets has been provided on Straight Line Method at the rates specified in Schedule XIV of the companies Act, 1956.

4. INVENTORIES:

Inventories of shares are valued at cost.

5. INVESTMENTS: Investments are stated at cost.

6. RECOGNITION OF INCOME & EXPENDITURE:

Item of income and expenditure are generally recorded on accrual basis except ex-gratia which is accounted on cash basis.