Accounting Policies of Triveni Enterprises Ltd. Company

Mar 31, 2024

NOTE 18: SIGNIFICANT ACCOUNTING POLICIES

i. CORPORATE INFORMATION

Triveni Enterprises Limited having its registered office in Office no. 7,(8,9) Mamata Anand
Sankul, Nashik pune road, Nashik - 422101. The Company operates in the business of
Trading of various products & distributorship of telecommunication products.

ii. BASIS OF ACCOUNTING:

The financial statements are prepared under historical cost convention and comply with
applicable accounting standards issued by the Institute of Chartered Accountants of India
and relevant provision of the Companies Act, 2013.

iii. REVENUE RECOGNITION:

(i) Income on Sale of Products are recognized, net of returns and trade discount, on
transfer of significant risks and rewards of ownership to the buyer, which generally
coincides with the delivery of goods to customers.

(ii) Interest income is recognized on accrual basis.

iv. INVESTMENTS

Non Current Investments are shown in the Balance Sheet at cost. However in
appropriate case the cost is written down and the investment is shown at book value.
Current investment is shown at cost or market price whichever is higher.

v. TAXES ON INCOME:

Provision for tax is made on the basis of the estimated taxable income as per the
provisions of the Income Tax Act, 1961 and the relevant Finance Act, after taking into
consideration judicial pronouncements and opinions of the Company''s tax advisors.
Deferred tax is recognized, subject to the consideration of prudence, on timing
differences, being the difference between taxable incomes and accounting income that
originate in one period and are capable of reversal in one or more subsequent periods.

vi. CASH AND CASH EQUIVALENT

Cash and cash equivalents for the purpose of cash flow statement comprise cash at
bank and in hand, cheques on hand and short-term investments with an original
maturity of three months or less.

vii. EARNING PER SHARE

Basic earnings per share is computed by dividing the profit/ (loss) after tax (including
the post-tax effect of extraordinary items, if any) by the weighted average number of
equity shares outstanding during the year.

Diluted earnings per share is computed by dividing the profit/ (loss) after tax
(including the post-tax effect of extraordinary items, if any) as adjusted for dividend,
interest and other charges to expense or income relating to the dilutive potential equity

shares, by the weighted average number of equity shares considered for deriving basic
earnings per share and the weighted average number of shares which could have been
issued on the conversion of all dilutive potential equity shares.

NOTE 19: RELATED PARTY DISCLOSURE

Related Party Disclosure under AS-18 issued by the Institute of Chartered Accounts of
India. The Management has informed that all the transactions entered during the
previous year with various parties do not fall within the purview of the Accounting
standard 18 "Related Party Transaction" issued by the Institute of Chartered
Accountants of India. The related parties of the company at March 31, 2024 are as

follows''

NOTE 20:

Figures have been rounded off to the nearest rupee.

NOTE 21:

The balances of Current assets, Current liabilities including Sundry Debtors, Sundry
Creditors, Loans & advances, Secured & Unsecured Loan are subject to confirmation, if
any.

NOTE 22:

Previous year''s figures have been regrouped & rearranged wherever necessary.

For Jain Anil & Associates For & on behalf of the Board of Directors of

Chartered Accountants Triveni Enterprises Limited

Firm Reg. No: 115987W

Sd/- Sd/- Sd/-

Anil Jain Arvind Gupta RamchandraVarma

Proprietor Director Director/CFO

Mem. No. 039803 (DIN:-02912070) (DIN:- 06877684)

Place: Mumbai Sd/-

Dated: 30^th May 2024 Nikita Chamaria

UDIN:- 24039803BKCLRX2831 (Company Secretary)

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Mar 31, 2018

i. CORPORATE INFORMATION

Triveni Enterprises Limited having its registered office in Office No-1/7001, Plot No-77, UG/F Gali No-03, Shivaji Park, Near Gol Chakkar. New Delhi - 110 032. The Company operates in the business of Trading of various products & distributorship of telecommunication products.

ii. BASIS OF ACCOUNTING:

The financial statements are prepared under historical cost convention and comply with applicable accounting standards issued by the Institute of Chartered Accountants of India and relevant provision of the Companies Act, 2013

iii. REVENUE RECOGNITION:

(i) Income on Sale of Products are recognized, net of returns and trade discount, on transfer of significant risks and rewards of ownership to the buyer, which generally coincides with the delivery of goods to customers.

(ii) Interest income is recognized on accrual basis.

iv. INVESTMENTS

Non Current Investments are shown in the Balance Sheet at cost. However in appropriate case the cost is written down and the investment is shown at book value. Current investment is shown at cost or market price whichever is higher.

v. TAXES ON INCOME:

Provision for tax is made on the basis of the estimated taxable income as per the provisions of the Income Tax Act, 1961 and the relevant Finance Act, after taking into consideration judicial pronouncements and opinions of the Company’s tax advisors. Deferred tax is recognized, subject to the consideration of prudence, on timing differences, being the difference between taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

vi. CASH AND CASH EQUIVALENT

Cash and cash equivalents for the purpose of cash flow statement comprise cash at bank and in hand, cheques on hand and short-term investments with an original maturity of three months or less.

vii. EARNING PER SHARE

Basic earnings per share is computed by dividing the profit/ (loss) after tax (including the post-tax effect of extraordinary items, if any) by the weighted average number of equity shares outstanding during the year.

Diluted earnings per share is computed by dividing the profit/ (loss) after tax (including the post-tax effect of extraordinary items, if any) as adjusted for dividend, interest and other charges to expense or income relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for deriving basic earnings per share and the weighted average number of shares which could have been issued on the conversion of all dilutive potential equity shares.

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Mar 31, 2014

I . CORPORATE INFORMATION

Triveni Enterprises Limited having its registered office in J-2/80A, Ground Floor, DDA flats, Kalkaji, Opp. Alaknanda Shopping Complex, ,New Delhi ,Delhi , 110019 .

The Company operates in the business of Trading.

ii. BASIS OF ACCOUNTING:

The financial statements are prepared under historical cost convention and comply with applicable accounting standards issued by the Institute of Chartered Accountants of India and relevant provision of the Companies Act, 1956

iii. FIXED ASSETS:

Fixed assets are stated at cost of acquisition less depreciation.

iv. DEPRECIATION:

Depreciation on Fixed Assets is provided using the Written Down value method as per rates prescribed UnderSchedule XIV of the Companies Act, 1956. Depreciation is charged on a pro-rata basis for assets purchased / sold during the year.

v. REVENUE RECOGNITION:

(i) Income on Sale of Products are recognized, net of returns and trade discount, on transfer of significant risks and rewards of ownership to the buyer, which generally coincides with the delivery of goods to customers.

(ii) Interest income is recognized on accrual basis .

vi. INVESTMENTS

Non Current Investments are shown in the Balance Sheet at cost. However in appropriate case the cost is written down and the investment is shown at book value. Current investment is shown at cost or market price whichever is higher. Surplus on sale of Investments credited to the Revenue Account is net of loss on sale of Investments and amounts written off in respect of investments.

vii. TAXES ON INCOME:

Provision for tax is made on the basis of the estimated taxable income as per the provisions of the Income Tax Act, 1961 and the relevant Finance Act, after taking into consideration judicial pronouncements and opinions of the Company''s tax advisors.

Deferred tax is recognised, subject to the consideration of prudence, on timing differences, being the difference between taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

viii. CASH AND CASH EQUIVALENT

Cash and cash equivalents for the purpose of cash flow statement comprise cash at bank and in hand, cheques on hand and short-term investments with an original maturity of three months or less.

ix. EARNING PER SHARE

Basic earnings per share is computed by dividing the profit/(loss) after tax (including the post-tax effect of extraordinary items, if any) by the weighted average number of equity shares outstanding during the year.

Diluted earnings per share is computed by dividing the profit/(loss) after tax (including the post-tax effect of extraordinary items, if any) as adjusted for dividend, interest and other charges to expense or income relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for deriving basic earnings per share and the weighted average number of shares which could have been issued on the conversion of all dilutive potential equity shares.