Introduction to BATLIBOI LTD.
Industry detail Batliboi Machine Tool Group’s manufacturing facilities are situated at Surat, Bangalore in India and Peterborough in Canada.
The Surat facility is situated on 180,000 sq. mtrs of land. It has a well equipped design and manufacturing facility of 30,000 sq.mtrs. The products manufactured are: Conventional and CNC Drilling Machines, Conventional and CNC Milling Machines, CNC Vertical Machining Centres, CNC Turning Centres and CNC Turret Lathes. The Bangalore facility produces Special Purpose Machines for the automobile component and other engineering industries and Moving Table Bridge type Drilling …show more content…
Their quality consciousness assures dependable products. Their unrivalled pre-sales and post-sales service assures the customer peace of mind. A world wide satisfied customer base bear testimony to their dedication to quality.
It is their customer focus that ensures that every machine they manufacture results in customer delight.
It is this customer focus that assures excellent quality of every solution they provide.
Moreover, it is the same customer focus you benefit from when you choose BATLIBOI.
HISTORY AND GROWTH OF BATLIBOI:
BATLIBOI has the distinction of being among the few companies who have completed a century of their successful journey in the industrial history of India.
The firm of M/S Batliboi & Company (originally known) was founded in 1892 by honorable Mr. Jehangirjee Framjee Batliboi. It was then dealing in Engines and requisite gearing and a variety of small machines. In the year 1916 the firm was acquired by the Bhogilal family. It gradually enlarged its operations to include new products such as pumps, machine tools, sheet metal working machines …show more content…
Provision is made to recognized a decline other than temporary in the value of long-term investment. Current investment are stated a lower of cost and fair value.
9. Valuation of inventories:
Inventories comprising raw materials, work in progress, finished goods, stores and loose Tools are valued at lower of cost or net realized value. Incomplete job contracts are valued at the direct cost incurred on such contracts.
10. Provision and contingent liabilities:
Balance sheet date these are reviewed at each balance sheet data and adjusted to reflect the current estimates . contingent liabilities are disclosed where there is a possible obligation or a present obligation that may , but probably will not , require outflow resources.
11. Expenses on issue and premium on redemption of securities:
Expenses on issue of shares and debenture and premium on redemption of debentures are charged to Securities Premium Account.
Inventory valuation method:
Inventory includes raw material, finished goods, work in progress etc. it is one of the most significant assets of the business and needs careful attention and control. If the value of Inventory at the end of the year is inflated, profit will be also inflated resulting in to higher tax ability and also balance sheet not showing true and fair financial
Industry detail Batliboi Machine Tool Group’s manufacturing facilities are situated at Surat, Bangalore in India and Peterborough in Canada.
The Surat facility is situated on 180,000 sq. mtrs of land. It has a well equipped design and manufacturing facility of 30,000 sq.mtrs. The products manufactured are: Conventional and CNC Drilling Machines, Conventional and CNC Milling Machines, CNC Vertical Machining Centres, CNC Turning Centres and CNC Turret Lathes. The Bangalore facility produces Special Purpose Machines for the automobile component and other engineering industries and Moving Table Bridge type Drilling …show more content…
Their quality consciousness assures dependable products. Their unrivalled pre-sales and post-sales service assures the customer peace of mind. A world wide satisfied customer base bear testimony to their dedication to quality.
It is their customer focus that ensures that every machine they manufacture results in customer delight.
It is this customer focus that assures excellent quality of every solution they provide.
Moreover, it is the same customer focus you benefit from when you choose BATLIBOI.
HISTORY AND GROWTH OF BATLIBOI:
BATLIBOI has the distinction of being among the few companies who have completed a century of their successful journey in the industrial history of India.
The firm of M/S Batliboi & Company (originally known) was founded in 1892 by honorable Mr. Jehangirjee Framjee Batliboi. It was then dealing in Engines and requisite gearing and a variety of small machines. In the year 1916 the firm was acquired by the Bhogilal family. It gradually enlarged its operations to include new products such as pumps, machine tools, sheet metal working machines …show more content…
Provision is made to recognized a decline other than temporary in the value of long-term investment. Current investment are stated a lower of cost and fair value.
9. Valuation of inventories:
Inventories comprising raw materials, work in progress, finished goods, stores and loose Tools are valued at lower of cost or net realized value. Incomplete job contracts are valued at the direct cost incurred on such contracts.
10. Provision and contingent liabilities:
Balance sheet date these are reviewed at each balance sheet data and adjusted to reflect the current estimates . contingent liabilities are disclosed where there is a possible obligation or a present obligation that may , but probably will not , require outflow resources.
11. Expenses on issue and premium on redemption of securities:
Expenses on issue of shares and debenture and premium on redemption of debentures are charged to Securities Premium Account.
Inventory valuation method:
Inventory includes raw material, finished goods, work in progress etc. it is one of the most significant assets of the business and needs careful attention and control. If the value of Inventory at the end of the year is inflated, profit will be also inflated resulting in to higher tax ability and also balance sheet not showing true and fair financial