Raghoji Cement Manufacturing Co.Ltd. कंपली की लेखा नीति

Mar 31, 2010

Not Available

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Mar 31, 2009

1. As per the decision of the Board taken at Board Meeting held on 16.01.2009 the Previous Year of the Company has been changed from 30th June, 2009 to 31st March, 2009. The Financial Statements have been prepared for the Current Year from 01.07.2008 to 31.03.2009. The Previous Years figures that have been given are from 01.07.2007 to 30.06.2008.

2. Profit and Loss Account has not been drawn up since the Company has not commenced Commercial Production.

3. The Provisions of Part II of Schedule VI are not applicable to this Company as the Company has not commenced Commercial Production.

4. The Board of Directors at the Board Meeting held on 27.06.2007 to write off the Miscellaneous Expenditure and Deferred Revenue Expenditure to the extent not written off incurred upto 30.06.2007 in 5 equal installments from the commencement of commercial production. Since the Company has not commenced commercial production, the same has not been written off.

5. No Depreciation has been provided, except on Furniture and Fixtures and Office Equipment. since the Company has not commenced Commercial Production. The Board has decided at its Meeting held on 27.06.2007 to provide Depreciation on all the assets when the Company commences production of Portland Cement.

6. The Board has decided at its Meeting held on 13.01.2007 to produce Portland Blended Cement. Accordingly, the amount spent upto 31.03.2009 in respect of balancing equipment and other expenditure in respect of manufacture of Portland Blended Cement has been shown under Capital Works in Progress.