Accounting Policies of Market Creators Ltd. Company

Mar 31, 2024

1.1 Basis of Accounting

The financial statements are prepared in accordance with Indian Generally Accepted Accounting
Principles [GAAP] under historical cost convention on an accrual basis and are in accordance with the
relevant provisions of the Companies Act, 2013 and guidelines issued by the Securities and Exchange
Board of India (SEBI). Accounting policies have been consistently applied.

1.2 Investments/Inventories

Own share and securities of the inventory is valued at cost or market rate, whichever is less. Borrowed
Share and Securities of inventory shown in the Balance Sheet is not the inventory in strictest sense of
the term. It is 45% value of the shares borrowed by the company from the associates and its Directors
and is in the nature of contingent asset and is reflected as inventory to meet the format requirement of
the schedule 13 of the Act.

1.3 Fixed Assets

All fixed assets are recorded at cost of acquisition inclusive of all direct and allocated expenses incurred
for the same or construction. They are stated at historical cost.

1.4 Depreciation

Depreciation on fixed assets is provided in the manner as prescribed in schedule II of the Companies Act,
2013.

1.5 Income Taxes

The current charge for income tax is calculated in accordance with the relevant tax regulations
applicable to the company. Deferred tax is recognized, subject to consideration of prudence, in respect of
deferred tax assets or liabilities, on timing differences being the difference between taxable incomes and
accounting income that originate in one period and is reversible in one or more subsequent periods.

1.6 Cash flow statement

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the effects
of transactions of a non-cash nature, and deferrals or accruals of past or future operating cash receipts
or payments and item of income or expenses associated with investing or financing cash flows. The cash
flows from operating, investing and financing activities of the Company are segregated.

1.7 Earnings per share

Basic earnings per share are computed by dividing the net profit after tax by the weighted average
number of equity shares outstanding during the period.

2. NOTES ON ACCOUNTS FOR THE YEAR ENDED MARCH 31ST, 2024

2.1 The previous period figures have been regrouped /reclassified, wherever necessary to confirm to
the current period presentation following relevant provisions of the Companies Act, 2013.

2.2 The amounts reflected as "0" i.e the Financial Informations are values with less than Rupees one
lakh. While (Dash) indicates NIL figure.

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Mar 31, 2014

1.1 Basis of Accounting:

The financial statements are prepared in accordance with Indian Generally Accepted Accounting Principles (GAAP) under historical cost convention on an accrual basis and are in accordance with the requirements of the Companies Act, 1956 and guidelines issued by the Securities and Exchange Board of India (SEBI). Accounting policies have been consistently applied.

1.2 Investments/lnventories:

Inventories are at cost or market price which ever is lower.

1.3 Fixed Assets;

All fixed assets are recorded at cost of acquisition inclusive of all direct and allocated expenses incurred for the same or construction. They are stated at historical cost.

1.4 Depreciation:

Depreciation on fixed assets is provided on "straight line method" at the rates and in the manner prescribed in schedule XIV of the Companies Act, 1956.

1.5 Income Taxes:

The current charge for income tax is calculated in accordance with the relevant tax regulations applicable to the company. Deferred tax is recognized, subject to consideration of prudence, in respect of deferred tax assets or liabilities, on timing differences being the difference between taxable incomes and accounting income that originate in one period and is reversible in one or more subsequent periods.

1.6 Cash flow statement:

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of transactions of a non-cash nature, and deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated.

1.7 Earnings per share:

Basic earnings per share are computed by dividing the net profit after tax by the weighted average number of equity shares outstanding during the period.

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Mar 31, 2012

1.1 Basis of Accounting:

The financial statements are prepared in accordance with Indian Generally Accepted Accounting Principles (GAAP) under historical cost convention on an accrual basis and are in accordance with the requirements of the Companies Act, 1956 and guidelines issued by the securities and Exchange Board of India (SEBI). Accounting policies have been consistently applied.

1.2 Investments/Inventories:

Investments are at cost or market price which ever is lower.

1.3 Fixed Assets:

All fixed assets are recorded at cost of acquisition inclusive of all direct and allocated expenses incurred for the same or construction. The are stated at historical cost.

1.4 Depreciation:

Depreciation of fixed assets is provided on "straight line method" at the rates and in the manner prescribed in schedule XIV of the Companies Act, 1956.

1.5 Income Taxes:

The current charge for income tax is calculated in accordance with the relevant tax regulations applicable to the company. Deferred tax is recognized, subject to consideration of prudence, in respect of deferred tax assets or liabilities, on timing differences being the difference between taxable incomes and accounting income that originate in one period and is reversible in one or more subsequent periods.

1.6 Cash flow statement:

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of transactions of a non-cash nature, and deferrals or accruals of past of future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated.

1.7 Earnings per share:

Basis earnings per share are computed by dividing the net profit after tax by the weighted average number of equity shares outstanding during the period.

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Mar 31, 2010

(a) Basis of Accounting:

The financial statements are prepared under historical cost convention on an accrual basis and are in accordance with the requirements of the Companies Act, 1956.

(b) Investments:

Investments are at cost or market price which ever is lower.

(c) FIXED ASSETS & DEPRECIATION:

I. Fixed Assets

All fixed assets are recorded at cost of acquisition inclusive of all direct and allocated expenses incurred for the same or construction. They are stated at historical cost.

II. Depreciation

Depreciation on fixed assets is provided on "straight line method" at the rates and in the manner prescribed in schedule XIV of the Companies Act, 1956.

Cd) The current charge for income tax is calculated in accordance with the relevant tax regulations applicable to the company. Deferred tax is recognized, subject to consideration of prudence, in respect of deferred tax assets or liabilities, on timing differences being the difference between taxable income and accounting income that originate in one period and is reversible in one or more subsequent periods.