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ANI INTEGRATED SERVICES LTD.

22 November 2024 | 10:15

Industry >> Services - Others

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ISIN No	INE635Y01015	BSE Code / NSE Code	/	Book Value (Rs.)	51.17	Face Value	10.00
Bookclosure	21/08/2018	52Week High	218	EPS	5.46	P/E	34.78
Market Cap.	196.69 Cr.	52Week Low	57	P/BV / Div Yield (%)	3.71 / 0.00	Market Lot	600.00
Security Type	Other

NOTES TO ACCOUNTS

You can view the entire text of Notes to accounts of the company for the latest year

Year End :2024-03

As at 31^st March 2024,claims against company not acknowledged as debts in respect of Income tax matter pertaining to AY ₍ ) 2017-18 amounting to '66.14 lakhs. The matter is pending before Commissioner of Income Tax Appeals and the Management

⁽ ' expect that its position will not have material adverse effect on Company’s Financial position and result of operations. The Company has paid ' 13.23 lakhs to the statutory authorities pertaining to pre-deposit against the demand raised

(b) The Contingent liabilities not provided for ' 1686.59 Lakhs against Bank Guarantees submitted to Customers against contractual agreement of services

The CIT(TDS) has sanctioned u/s 279(1) and the ITO(TDS) has initiated complaint for prosecution of the company and some of its directors u/s 276B r.w. 278B for offence related to delayed payment of tax deducted at source for F.Y.2021-22. The amount

(c) of delay in payment of TDS is '232 lakhs. The payments were delayed due to COVID 19 pandemic which had created cash flow constraints. The TDS payments were subsequently cleared along with interest .The company based on legal counsel is of the opinion that the proceedings are likely to be dropped in view of the extraordinary situation during the COVID 19 pandemic.

A show cause notice has been issued to the company under section 279(1) for default under 276B / 276BB of the Income Tax

(d) Act , 1961 for delay in payments of Tax deducted at source for FY 2022-23. Currently the proceedings are on but prosecution has not been initiated hence the amount of penalty/fees is not determined / quantified.

Commitments

(a) Estimated amount of contracts remaining to be executed on capital account and not provided for ' Nil

32 In the opinion of the board, value on realization of debtors, loans and advances and other current assets in the ordinary courses of business will not be less than the amount stated in the balance sheet.

33 There are no long term contracts as on 31.03.2024 including derivative contracts for which there are any material foreseeable losses.

34 In the opinion of the board, provision for all known liabilities is adequate and not in excess of the amount reassonably necessary.

35 Figures of previous years have been regrouped, rearranged and reclassified wherever necessary to conform the current period’s classification.

As per our report of even date For & On Behalf of the Board

For Shah & Modi

Chartered Accountants

FRN : 112426W Sd/- Sd/-

Mr. Navin Korpe Mr. Akshay Korpe

Managing Director Director

Sd/- DIN:02200928 DIN:02201941

Mr. Jaydeep N. Modi Date: 20^th May, 2024 Date: 20^th May, 2024

Partner Place: Thane Place: Thane

M.No.: 039255 Date: 20^th May, 2024

Place: Thane Sd/- Sd/-

Mr. Kedar Korpe Mr. Naman Sankhla

Chief Financial Officer Company Secretary

DIN:03017048 M.No. A69730

Date: 20^th May, 2024 Date: 20^th May, 2024

Place: Thane Place: Thane

(iv) Ratios to be disclosed:-

(a) Current Ratio, As per Annexure 1

(b) Debt-Equity Ratio,

(d) Return on Equity Ratio,

(e) Inventory turnover ratio,

(f) Trade Receivables turnover ratio,

(g) Trade payables turnover ratio,

(h) Net capital turnover ratio,

(I) Net profit ratio,

(j) Return on Capital employed,

(k) Return on investment.

(v) Other statutory information :

a Title deeds of Immovable Property not held in name of the Company - NIL b The company has not revalued its Property, Plant and Equipment.

c The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

d The Company has not been declared wilful defaulter by any bank or financial Institution or government or any government authority.

e The Company has no relationship with struck off companies

f The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

g The Company was not a part of any Scheme of Arrangements to be approved by the Competent Authority in terms of sections

230 to 237 of the Companies Act, 2013.

h The Company has not received any funds from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company 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,

i The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

j The Company does not have 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 survey or any other relevant provisions of the Income Tax Act, 1961)