SIGNIFICANT ACCOUNTING POLICIES :
I. System of Accounting
The financial statements are prepared under historical cost convention on an
accrual basis and on the basis of going concern.
II. Fixed Assets and Depreciation :
i) Fixed Assets
Fixed Assets are capitalised at cost including all direct costs and other expenses
incurred in connection with acquisition of assets apportioned there to.
ii) Depreciation
Depreciation has been calculated on written down value method on Fixed Assets in
accordance with the rates and in the manner prescribed under Schedule XV to the
Companies Act, 2013.
III. Inventories
Inventories are valued at cost or net realisable value, whichever is less.
IV. Sales
Sales are net of rebate & discounts and is accounted on removal of the goods.
V Accounting policies not specifically referred to are consistent with generally
accepted accounting practices.
Note No.19 Notes on Accounts
1. The balances of Debtors and Creditors are subject to the confirmation.
2. In the opinion of the Board of Directors the current assests, loans & advances are
approximately at the same value if realised in the ordinary course of business,
the provisions of all known liabilities are adequate except stated otherwise.
3. Provision of Income Tax is made as per the Income Tax Act, 1961.
4. The Company have not any such transaction which is not recorded in the books of accounts that has
been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961
such as, search or suivey or any other relevant provisions of the Income T ax Act, 1961)
5. The company does not fall under requirements to fulfill given under section 135 Corporate social responsibility.
6. The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.
7. Auditors Remuneration : (in Rs.) (in Rs.)
2023-24 2022-23
as Statutory Audit Fees 1,59,300 1,25,000
8. There are no Immovable property held as at the end of current year.
9. The company have not made any revaluation in its Property, Plant and Equipment by registered valuer.
10 Loans and advances in the nature of loans are granted to promoters, directors, KMPs and the related parties
(as defined under Companies Act, 2013,) either severally or jointly with any other person, that are:
As at 31st March'2024
(In Rs)
Repayble on demand -
11. The Company do not have any intangible assets under development
12. The Company do not have any Benami property, where any proceeding has been initiated
or pending against the company for holding any Benami property.
13. The Company has not made any borrowinqs from banks or financial institutions on the basis of security of current assets
14. The Company is not being declared wilful defaulter by any bank or financial institution or other lender.
15. The Company do not have any transactions with companies struck off.
16. The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period,
17. The Company does not have any layers prescribed under clause (87) of Section 2 of the Act,
read with Companies (Restriction on number of Layers) Rules, 2017.
Notes
18.1 Change is due to significant increase in Equity Share Capital as Compared to Previous Year.
18.2 Change is due to significant increase in inventory as compared to Previous Year
18.3 Change is due to significant increase Revenue from Operation as compared to Previous Year.
18.4 Change is due to significant increase Revenue from Operation as compared to Previous Year.
19. The Company has no scheme of arrangements approved by the competent authority as per Companies Act,2013
20. The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including
foreign entities (Intermediaries) with the understanding that the Intermediary shall:
(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or
(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries
20.1 The Company have not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party)
with the understanding (whether recorded in writing or otherwise) that the Group shall:
(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or
(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,
21 Related Parties Disclosures as attached herewith
As per our report of even date attached.
FOR, DEVADIYA & ASSOCIATES
CHARTERED ACCOUNTANTS
(Firm Reg. No. 123045W) For, DHARA PHARMACHEM PRIVATE LIMITED
Dipna Shah Keyur Shah
(SANJAY DEVADIYA) Director Managing Director
Partner DIN : 02507462 DIN : 03167258
Mem.No.: 112495
UDIN: 24112495BKGQMW7514
Place : Ahmedabad
Date: 12th June,2024
Keyur Parmar Madhuri Gurwani
Chief Financial Officer Company Secretary
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