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BENGAL STEEL INDUSTRIES LTD.

17 May 2024 | 12:00

Industry >> Steel

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ISIN No INE523W01017 BSE Code / NSE Code 512404 / BENGALS Book Value (Rs.) 20.07 Face Value 10.00
Bookclosure 30/09/2024 52Week High 0 EPS 0.15 P/E 0.33
Market Cap. 0.02 Cr. 52Week Low 0 P/BV / Div Yield (%) 0.00 / 0.00 Market Lot 50.00
Security Type Other

ACCOUNTING POLICY

You can view the entire text of Accounting Policy of the company for the latest year.
Year End :2014-03 

1.1.  FIXED ASSETS         : Fixed Assets are stated at cost of
                             acquisition including related expenses of
                             transportation or installation and 
                             interest on loans utilised for acquisition
                             of assets till such assets are used for
                             production but excluding credit available
                             for excise duty paid on such acquisition.
1.2. INVESTMENTS : Investments are stated at cost.

1.3.  INVENTORIES          : Raw materials, Stores & Spare Parts, 
                             Tools & Implements are valued at lower
                             of cost or net realisable value.

1.4.  REVENUE RECOGNITION  : Rent receivable from occupiers against 
                             whom ejectment suits are pending in court
                             has not been accounted for.All other 
                             revenues are recognised on accrual basis.

1.5.  DEPRECIATION         : Depreciation on all items of depreciable
                             assets has been charged on diminishing 
                             balance method at rates as prescribed in
                             Schedule XIV to the Companies Act, 1956.
                             Land & Building include value of Land on
                             which Depreciation has been charged and 
                             the value of such land could not be 
                             segregated.

1.6.  BASIS OF ACCOUNTING  : The accounts are prepared on historical
                             cost convention and on generally accepted
                             accounting practices.