Attn DP Clients. As prescribed by regulator, it is mandatory to update 6 KYC fields: Name, Address, PAN, Valid mobile & Email ID and Income range on or before 31/03/2022. Kindly update the same in our records if not done earlier. You can contact Toll Free Support on 1800-203-3690 or email us on hosupport@way2wealth.com/helpdesk.vikhroli@way2wealth.com for further assistance.   |   KYC is one time exercise with a SEBI registered intermediary while dealing in securities markets (Broker/ DP/ Mutual Fund etc.).   |   Prevent unauthorized transactions in your account – Update your mobile numbers / email ids with your stock brokers. Receive information of your transactions directly from exchange on your mobile / email at the EOD | Filing Complaint on SCORES - QUICK & EASY a) Register on SCORES b) Mandatory details for filing complaints on SCORE - Name, PAN, Email, Address and Mob. no. c) Benefits - speedy redressal & Effective communication   |   BSE Prices delayed by 5 minutes... << Prices as on Jun 27, 2022 >>  ABB India 2293.6  [ 0.36% ]  ACC 2097.95  [ 0.36% ]  Ambuja Cements Ltd. 360.7  [ 0.47% ]  Asian Paints Ltd. 2760.1  [ 0.05% ]  Axis Bank Ltd. 634  [ 0.75% ]  Bajaj Auto Ltd. 3812.8  [ 0.79% ]  Bank of Baroda 99.95  [ 3.68% ]  Bharti Airtel 671.5  [ 1.67% ]  Bharat Heavy Ele 45.55  [ 2.82% ]  Bharat Petroleum 307.8  [ 0.00% ]  Britannia Ind. 3475.65  [ 1.91% ]  Cairn India Ltd. 285.4  [ 0.90% ]  Cipla 933.4  [ 0.04% ]  Coal India 176.55  [ -0.28% ]  Colgate Palm. 1512.05  [ 1.12% ]  Dabur India 509.45  [ 0.90% ]  DLF Ltd. 315.7  [ 0.69% ]  Dr. Reddy's Labs 4308.75  [ 0.29% ]  GAIL (India) 132.45  [ 0.49% ]  Grasim Inds. 1324.4  [ 0.73% ]  HCL Technologies 966.55  [ -0.50% ]  HDFC 2189.15  [ 1.16% ]  HDFC Bank 1353.9  [ 1.27% ]  Hero MotoCorp 2757.3  [ 3.24% ]  Hindustan Unilever L 2303.55  [ 2.30% ]  Hindalco Indus. 322.4  [ 1.59% ]  ICICI Bank 713.65  [ 2.02% ]  IDFC L 48.9  [ 5.39% ]  Indian Hotels Co 226.85  [ 1.50% ]  IndusInd Bank 806.2  [ 2.49% ]  Infosys 1442.05  [ -0.77% ]  ITC Ltd. 265.8  [ 0.08% ]  Jindal St & Pwr 317.2  [ 2.42% ]  Kotak Mahindra Bank 1697.75  [ 0.68% ]  L&T 1495.35  [ -0.04% ]  Lupin Ltd. 629.95  [ 0.15% ]  Mahi. & Mahi 1072.05  [ 4.28% ]  Maruti Suzuki India 8355.2  [ 0.97% ]  MTNL 19  [ -0.26% ]  Nestle India 17229.15  [ 1.35% ]  NIIT Ltd. 396.9  [ 2.12% ]  NMDC Ltd. 107.6  [ 2.48% ]  NTPC 137  [ 0.48% ]  ONGC 137.25  [ 1.78% ]  Punj. NationlBak 29.55  [ 1.20% ]  Power Grid Corpo 208.95  [ 0.17% ]  Reliance Inds. 2500.75  [ 1.47% ]  SBI 454.35  [ 0.66% ]  Vedanta 221.4  [ 0.89% ]  Shipping Corpn. 94.5  [ 1.61% ]  Sun Pharma. 824.1  [ -0.07% ]  Tata Chemicals 807.8  [ 1.94% ]  Tata Consumer Produc 728.5  [ 1.43% ]  Tata Motors Ltd. 409.2  [ 0.49% ]  Tata Steel 852.85  [ 1.42% ]  Tata Power Co. 207.85  [ 2.41% ]  Tata Consultancy 3292.95  [ -0.49% ]  Tech Mahindra 980.95  [ -1.03% ]  UltraTech Cement 5469.7  [ 1.14% ]  United Spirits 761.65  [ 1.01% ]  Wipro 418.7  [ -0.16% ]  Zee Entertainment En 220.85  [ 2.82% ]  

Company Information

Indian Indices

  • Loading....

Global Indices

  • Loading....

Commodity

  • Loading....

Forex

  • Loading....

JAYSHREE CHEMICALS LTD.

27 June 2022 | 12:00

Industry >> Chemicals - Inorganic - Caustic Soda/Soda Ash

Select Another Company

ISIN No INE693E01016 52Week High 11 Book Value (Rs.) 5.41 Face Value 10.00
Bookclosure 02/09/2021 52Week Low 5 EPS 0.00 P/E 0.00
Market Cap. 17.04 Cr. P/BV 1.07 Div Yield (%) 0.00 Market Lot 1.00
Security Type Other

ACCOUNTING POLICY

You can view the entire text of Accounting Policy of the company for the latest year.
Year End :2016-03 

Note :

1) The Company has sold its Chloro Alkali Manufacturing Facility at Ganjam Odisha and Salt Field at Pundi, Andhra Pradesh to Aditya Birla Chemicals (India) Ltd at the consideration of INR 212.00 crores on slump sale basis on 21st September, 2015.

2) Out of the total consideration of INR 212.00 crores, INR 13.00 crores still lying in the Escrow Accounts maintained with a schedule bank due to some pending matter with Odisha State Government.

3) Figures of the Current Financial Year is not comparable with the Previous Financial Year as the operation of the Chloro Alkali Manufacturing Facility at Ganjam, Odisha and Salt Field at Pundi, Andhra Pradesh has been sold to Aditya Birla Chemicals (India) Ltd. on slump sale basis on 21st September, 2015.

A) SIGNIFICANT ACCOUNTING POLICIES :

1) Accounting Concept

The financial statements have been prepared under the historical cost convention on the accrual basis in accordance with the generally accepted accounting principles, Accounting Standards specified under Section 133 of the Companies Act, 2013 read with Rule 7 of Companies (Accounts) Rules 2014 and relevant provisions thereof.

2) Use of Estimates :

The preparation of financial statements requires to make estimates and assumption that affect the reported amount of assets and liabilities and disclosure relating to contingent liabilities and assets as at the Balance Sheet date and reported amount of income and expenses during the year.

Contingencies are recorded when probable that liability will be incurred and the amount can reasonably be estimated. Difference between the actual result and the estimates are recognized in the year the result are known /materialized.

3) Fixed Assets :

Fixed Assets are stated at cost excluding excise duty and education cess thereon. In respect of major projects involving construction, erection etc. related pre-operational expenses (net of revenue) form part of the value of the assets capitalized. Fixed assets retired from active use and held for disposal are valued at lower of their written down value or net realizable value.

4) Depreciation :

Depreciation on fixed assets is calculated in a manner that it depreciates / amortizes the depreciable values of fixed assets over their estimated useful lives. The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less its residual value.

5) Investment :

Long term investments are valued at cost. Decline in the value of investment, other than temporary in nature, are provided/ charged to the Statement of Profit & Loss.

6) Inventories :

Inventories are valued at cost or net realizable value, whichever is lower. Cost comprises, for finished goods, cost of purchase and production overheads.

Work-in-progress is valued at material cost. All other inventories are valued as per weighted average method.

7) Excise Duty :

Excise duty inclusive of Education Cess is accounted for at the point of manufacture of goods and accordingly is considered for valuation of finished goods stock lying in the factory as on the Balance Sheet date.

8) Retirement Benefits :

(i) The Company has constituted a separate Gratuity Trust Fund. Yearly contribution towards accrued liability on account of gratuity payable to employees is provided in the accounts on the basis of actuarial valuation and is paid to the Trust from time to time.

(ii) Leave liability in respect of employees is accounted for on actuarial valuation basis.

9) Taxation :

Current income tax is estimated at the amount estimated to be paid under the Income Tax Act, 1961 and is charged to profit & loss account for the year.

The deferred tax for timing differences between the book and tax profits for the year is accounted for, using the tax rates and laws that have been substantively enacted as of the balance sheet date.

Deferred tax assets arising from timing differences are recognized to the extent there is reasonable certainty that these would be realized in future. Deferred tax assets are recognized on unabsorbed losses only if there is virtual certainty that such deferred tax assets can be realized against future taxable profits.

10) Sales :

Sales are inclusive of Excise Duty and Education Cess and exclusive of Value Added Tax and net of brokerage & commission.

11) Recognition of Income & Expenditure :

All items of Income & Expenditure are accounted for on accrual basis, unless otherwise stated.

12) Foreign Currency Transactions :

Foreign currency transactions and Forward Contracts are accounted for at the prevailing exchange rate on the date of transactions.

Foreign currency monetary assets and liabilities and unsettled forward contracts are translated on the basis of closing exchange rate.

Foreign currency non-monetary assets and liabilities are carried as per the exchange rate on the date of transaction.

Exchange differences arising on settlement/conversion of monetary assets and liabilities are recognized as income or expenses in the year in which they arise.

The premium or discount arising at the inception of such a forward exchange contract is amortized as expense or income over the life of the contract. Exchange differences on such contracts are recognized in the statement of profit and loss in the reporting period in which the exchange rates change. Any profit or loss arising on cancellation or renewal of such a forward exchange contract is recognized as income or as expense for the period.

13) Borrowing Costs :

Borrowing costs relating to (i) funds borrowed for acquisition of Fixed Assets are capitalized and (ii) funds borrowed for other purpose are charged to Profit & Loss Account.

14) Impairment of Assets :

Impairment is recognized to the extent that the recoverable amount of an asset is less than its carrying amount and the difference is charged to Statement of Profit & Loss as prescribed by the ICAI in Accounting Standard 28 - Impairment of Assets.

15) Segment Reporting :

The Company has identified that its business segments are the primary segments. The Company identifies the business segments on the basis of products, risks and returns and internal reporting system.

The geographical segment identification is based on the location of customers of the Company.

The Segment Revenue, Segment Results, Segment Assets and Segment Liabilities include the respective amounts identifiable to each of the segments as also amounts allocated on a reasonable basis. Common cost, if any, is allocable on reasonable basis. The revenues, expenses, assets and liabilities which are not allocable are shown as "Unallocated".