KYC is one time exercise with a SEBI registered intermediary while dealing in securities markets (Broker/ DP/ Mutual Fund etc.). | No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.   |   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 Nov 22, 2024 - 10:02AM >>  ABB India 6810.85  [ 0.65% ]  ACC 2063  [ 1.84% ]  Ambuja Cements 491.7  [ 1.64% ]  Asian Paints Ltd. 2446.05  [ 0.69% ]  Axis Bank Ltd. 1133.3  [ -0.51% ]  Bajaj Auto 9500  [ -0.08% ]  Bank of Baroda 234.35  [ 2.52% ]  Bharti Airtel 1527.75  [ 0.18% ]  Bharat Heavy Ele 228.65  [ 0.31% ]  Bharat Petroleum 283.8  [ 0.48% ]  Britannia Ind. 4827.3  [ 0.48% ]  Cipla 1477.1  [ 0.78% ]  Coal India 409.95  [ 0.94% ]  Colgate Palm. 2698.4  [ 0.24% ]  Dabur India 505.1  [ -0.14% ]  DLF Ltd. 797.5  [ 3.00% ]  Dr. Reddy's Labs 1199  [ 0.37% ]  GAIL (India) 189.9  [ 0.80% ]  Grasim Inds. 2575.3  [ 1.61% ]  HCL Technologies 1859.5  [ 1.27% ]  HDFC 2729.95  [ -0.62% ]  HDFC Bank 1742.7  [ 0.04% ]  Hero MotoCorp 4756.8  [ -0.25% ]  Hindustan Unilever L 2388.1  [ 0.20% ]  Hindalco Indus. 651  [ 0.49% ]  ICICI Bank 1270.8  [ 1.66% ]  IDFC L 108  [ -1.77% ]  Indian Hotels Co 785.65  [ -0.15% ]  IndusInd Bank 988.4  [ 0.68% ]  Infosys L 1847.2  [ 0.71% ]  ITC Ltd. 458.9  [ 0.38% ]  Jindal St & Pwr 864.95  [ -0.73% ]  Kotak Mahindra Bank 1742.1  [ 0.30% ]  L&T 3490.2  [ 0.22% ]  Lupin Ltd. 2054.3  [ 0.54% ]  Mahi. & Mahi 2912.55  [ -0.73% ]  Maruti Suzuki India 10867.35  [ 0.05% ]  MTNL 42.37  [ -0.40% ]  Nestle India 2222.85  [ 0.56% ]  NIIT Ltd. 201.55  [ 6.30% ]  NMDC Ltd. 219.65  [ 0.92% ]  NTPC 358.7  [ 0.73% ]  ONGC 245.25  [ 1.26% ]  Punj. NationlBak 98.74  [ 2.44% ]  Power Grid Corpo 331.1  [ 1.63% ]  Reliance Inds. 1229.65  [ 0.53% ]  SBI 794.6  [ 1.76% ]  Vedanta 442.7  [ 0.03% ]  Shipping Corpn. 207.35  [ 0.46% ]  Sun Pharma. 1773.55  [ -0.23% ]  Tata Chemicals 1051.15  [ 0.65% ]  Tata Consumer Produc 924.9  [ 1.39% ]  Tata Motors 780.4  [ 0.87% ]  Tata Steel 140.9  [ 0.46% ]  Tata Power Co. 411.4  [ 0.72% ]  Tata Consultancy 4100.7  [ 0.58% ]  Tech Mahindra 1731.2  [ 1.76% ]  UltraTech Cement 11089.4  [ 1.22% ]  United Spirits 1495.25  [ 0.18% ]  Wipro 565.4  [ 1.47% ]  Zee Entertainment En 118.2  [ -0.30% ]  

Company Information

Indian Indices

  • Loading....

Global Indices

  • Loading....

Forex

  • Loading....

AFFORDABLE ROBOTIC & AUTOMATION LTD.

22 November 2024 | 09:49

Industry >> Services - Others

Select Another Company

ISIN No INE692Z01013 BSE Code / NSE Code 541402 / AFFORDABLE Book Value (Rs.) 100.13 Face Value 10.00
Bookclosure 26/09/2024 52Week High 789 EPS 5.72 P/E 111.81
Market Cap. 718.64 Cr. 52Week Low 596 P/BV / Div Yield (%) 6.38 / 0.00 Market Lot 220.00
Security Type Other

ACCOUNTING POLICY

You can view the entire text of Accounting Policy of the company for the latest year.
Year End :2024-03 

38 Significant Accounting Policies

38.01 Method of Accounting

The accounts of the Company are prepared in accordance with the accounting principles generally accepted in India. The Company has maintained its accounts on mercantile system of accounting.

38.02 Basis for preparation of financial statements

The financial statements of the Company have been prepared under the historical cost conventions in accordance with generally accepted accounting principles. Accounting policies not specifically referred to otherwise are consistent and in accordance with generally accepted accounting principles.

38.03 Property, Plant and Equipment and Intangible Assets

Property, Plant and Equipment and Intangible Assets are stated at cost of acquisition / construction less accumulated depreciation. None of the Fixed Assets have been revalued during the year under review.

38.04 Depreciation

Depreciation on Property, Plant and Equipment is calculated on a Written Down Value Method using the rates arrived at based on the useful lives estimated by the management commensurate with The Companies Act, 2013

38.05 Investments

Investments are stated at cost of acquisition, if any.

38.06 Revenue recognition

Sales are accounted for on the basis of dispatch to customers, which excludes indirect taxes and duties and other income is recognized on accrual basis.

38.07 Inventories

The inventories of Raw material, Stores and WIP are valued by the management at cost or market price whichever is lower and on FIFO basis of physical verification of stock at the end of the year.

Particulars

INR in Lakh

Raw Material

1,720.72

WIP

3,595.80

WIP-Masterji.AI Project

68.72

Stores

33.15

Total

5,418.39

38.08 Current Assets, Loans and Advances

In the opinion of the management, the value of all current assets, loans, advances and other realizable are not less than their realizable value in the ordinary course of business.

38.09 Employee benefit

Retirement Benefits in the form of provident fund contributions are charged to the Profit & Loss Account of the period when the contributions to the fund are due. There are no obligations other than the contribution payable to the fund. Provision of Gratuity Act ,1972 are applicable to the company. As per the actuarial valuation report taken, the company should provide for Gratuity of Rs.2,52,80,492/- up to the current year. The provision for FY 23 -24 as per the actuarial report comes to Rs 61.38 lacs. The Company has not provided for the same in its books of Account and estimation for leave encashment could not be done.

38.10 Accounting for taxes on Income

Income Tax comprises of current tax, deferred tax. Provision for current income tax is made on the assessable income/benefits at the rate applicable to relevant assessment year. Deferred tax asset & liabilities are recognized for the future tax consequences of timing differences, subject to the consideration of prudence. Deferred tax assets & liabilities are measured using the tax rates enacted or substantively enacted by the Balance Sheet date. The carrying amount of deferred tax asset/liability are reviewed at each Balance Sheet date & recognized and carried forward only to the extent that there is a reasonable certainty that the asset will be realized in future.

38.11 Borrowing Costs

Borrowing costs that are directly attributable to acquisition of assets have been capitalized and other borrowing costs have been treated as an expense during the period in which they have incurred. Interest cost related to capital WIP has been capitalized.

38.12 Contingencies & events occurred after the Balance Sheet date

a) No such liabilities were noticed which are contingent in nature, other than those specified in independent auditor’s report and CARO Point No VII.

b) There are no such events except mentioned above that have occurred after the Balance Sheet date which will have bearing on profitability and / or state of affairs of the company.

c) The Company is planning for migration from BSE SME platform to BSE & NSE Main board, for the same EGM Conducted on 13.04.2023 to get approval from shareholder.

d) As on 31.03.2024, Bank Guarantee Issued by the company is Rs.111.61 Lac

38.13 Foreign Exchange Transactions

Transactions denominated in foreign currency are recorded at the exchange rate prevailing on the date of transaction. Exchange differences arising on the foreign exchange transaction settled during the period are recognized in the Profit & Loss Account. Monetary items outstanding on date of Balance sheet have been accounted at exchange rate as on that date and difference has been charged to Profit and Loss account.

38.14 Cash Flow Statement

Cash Flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of transactions of non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and items of Income or Expense associated with investing or financing cash flows.

38.15 Impairment of Assets

The company on annual basis tests the carrying amount of assets for impairment so as to determine

a) The provision for impairment loss, if any, or

b) the reversal, if any, required on account of impairment loss recognized in previous periods.

38.16 Earnings Per Share

Basic Earnings Per Share is calculated by dividing the Net Profit attributable to the Shareholders by the total weighted average number of Equity Shares outstanding at the end of the year.