p. Provisions, Contingent liabilities and Contingent assets -
A provision is recognized when the Company has a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which reliable estimate can be made. Provisions (excluding retirement benefits and compensated absences) are not discounted to its present value and are determined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities are not recognized in financial statements.
A contingent asset is neither recognized nor disclosed in the financial statements."
q. Cash and cash equivalents-
Cash and Cash Equivalents include Cash, Cheque in hand, Bank Balance, Bank D/pj^tT^~^\ with balance maturity is up to 12 months ’ '
[JLlBANSfcQ
r. Cash Flow Statement -
Cash Flow are reported using the indirect method as prescribe under AS 3: "Cash flow statement" whereby the profit before tax is adjusted for the effect of the transaction of the non-cash nature, any deferrals or accruals of past and future operating cash receipts or payments and items of income or expenses associated with investing or financing cash flow. The cash flows from operating, investing, and financing activities of the company are segregated.
s. Related party transaction: -
Parties are considered to be related if at any time during the reporting period one party has the ability to control the other party or exercise significant influence over the other party in making financial and/or operating decisions as per AS 18 and section 2(76] of the company act 2013.
t. Segment Reporting -
A reportable segment is identified as a business segment, or a geographical segment identified on the basis of foregoing definitions for which segment information is required to be disclosed as per AS 17 "Segment Reporting.
A business segment or geographical segment is identified as a reportable segment if: (a) its revenue from sales to external customers and from transactions with other segments is 10 per cent or more of the total revenue, external and internal, of all segments; or (b) its segment result, whether profit or loss, is 10 per cent or more of - (i) the combined result of all segments in profit, or (ii) the combined result of all segments in loss, whichever is greater in absolute amount; or (c) its segment assets are 10 per cent or more of the total assets of all segments.
u. Subsequent Event-
Events which occur between the balance sheet date and the date on which the financial statements are approved, may indicate the need for adjustments to assets and liabilities as at the balance sheet date or may require disclosure are identified to determine the impact on financial statements.
Adjustments to assets and liabilities are taken for events occurring after the balance sheet date that piovide additional information materially affecting the determination of the amounts relating to conditions existing at the balance sheet date.
39 Details of Benami Property held
No such assets held by the company at any time during the F.Y. 2023-24 or as on 31.03.2024
40 Wilful Defaulter
Date of declaration as wilful defaulter
The company has not been declared as wilful defaulter by any bank or financial institutiton or other lender.
41 Relationship with Struck off Companies
The company does not have any transactions with struck off companies.
42 Registration of Charge
1. Charge of SIEMENS FINANCIALS SERVICES PRIVATE LTD has not been satisfied as per MCA Portal which has already been closed.
2. The Company has register all it's charges within time or extended time period given in the companies act 2013.
43 Compliance with number of layers of comapanies No such layer.
Disclosure under section 186{4) of the company Act. 2013:
Th^company has given a loan of Rs. 13.59 Lakh to its wholly owned subsidiary at zero interest cost for its development.
rcsr Asarfi HoMital Limited For Asarfi Ffespjt^ Limited yj
Reasons for variances by more than 25%
1. Current Ratio - Ratio Decreases by 29.80% mainly due to increases in trade payables at the end of the year.
2. Debt Service Covarage Ration - Ratio increase by 85.66% due to increase in earning available for debt service
3. Return on Equity Ratio - Ratio decreases by 69.67% due to increase in Average Shareholder's Equity.
4. Trade Receivable Turnover Ratio - Ratio decreases by 35.49% due to increase in Trade Receivable
5. Trade Payable Turnover Ratio - Ratio decreases by 74.78% due to increase in huge amount of trade payables
6. Net Capital Turnover Ratio - Ratio increases by 169.87% due to decrease in Net Working Capital
7. Net Profit ratio - Ratio decreases by 55.98% due to increase in depreciation & finance costs
8. Return on Capital Employed - Ratio decreases by 58.14% due to increase in capital employed by issue of share capital & receive Land as
9. Return on investment - Ratio decreases by 68.78% due to decrease in profit & increase in investment —-
45 Disclosure where company has given loan or invested to other person or entity to tend or invest in another person or entAy-./
No such Loan given or Investment made during the year. (J
\ * \
46 Disclosure where company has received fund from other person or entity to lend or invest in other person or entity \
No such fund received. Ac$
47 Undisclosed Income
There is no undisclosed income. (Seepika
Companv- c
C n r Aonrfl t J M I I !_a__i Ý— a___C: I I —___ 14- t I imitari n A ft?
Nature of CSR activities
1. The company has provided treatment to an Orphan child, free of cost amounting to Rs 94618/-
2. The company has donated a sum of Rs 35000/- towards the Tribals Cultural Society
3. The company has donated Rs 1572471/- for setting up of cancer research labaratory to Asarfi Charitable Trust.
49 Details of Crypto Currency
No such Currency held by the company at any time during the F.Y. 2023-24 or as on 31.03.2024.
50 Intangible Asset Under Development Ageing Schedule:
No Intangible Assets under Development as on 31.03.2024
51 Regrouping
Previous Years figure has been regrouped/rearranged/rephased whereever necessary to make them comparable.
52 Pi ovision For Gratuity
1. Provision for Gratuty (Current & Non-current) has been made on the basis of Actuarial Valuation Report.
53 Other Disclosures
1. The company has taken on lease a land of 9.55 acres for 30 Years from Jharkhand Industrial Area Development Authority (JIADA) for the
54 IPO Expenses & Utilisation
1. There is no material deviation in the use of proceeds of issue of 5180000 equity shares of face value of Rs 10/- each at an issue price of
2. The IPO Expenses of Rs 3,83,33,313 has been adjusted against security premium account.
3. Utilisation of Proceeds from IPO -
55 Weighted Average No of Equity Shares
Opening Number of Shares (01.04.2023) = 14497300 * 366 Days = 14497300 Shares Addition during the year (24.07.2023) = 51,80,000 * 251 days / 366 Days = 3552404 Shares Weighted Average No of Equity Shares (31.03.2024) = (14497300 3552404) = 18049704 Shares
As per our report of even date
For M/s R K THAKKAR & CO For and on behalf of the Board of
Chartered Accountants Asarfi Hospital Limited
Flrm'5~"N0 °°2690c For Asarfi HospitaUJmited For Asarfi Hospital Limited
MKDokania (UfflfiFfflSo'Stbgh) MaiiroSlitiUri Singh)
Partner Bi,ec©IN-06562038
Membership No. 415931 0845379& 6562038
Place: Dhanbad Waiendra JHtfh Seepika Gupta
Date: 6JVlay^024 (Hsrcndra Singh) ,&> mpany Secretary
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