# Out of the above share 23,71,950 shares have been issued as fully paid up by way of bonus shares by capitalization of Share Premium & accumulated profits
b) The company has only one class of equity shares having a par value of Rs. 10/- each. The holders of the equity shares are entitled to receive dividends as declared from time to time, and are entitled to voting rights proportionate to their share holding at the meetings of shareholders.
e) The holders of the equity shares are entitled to receive dividends as declared from time to time, and are entitled to voting rights proportionate to their share holding at the meetings of shareholders.
f) The company has issued 23,71,950 equity shares as bonus shares during the immediately current year to its promoters.
Working Capital limits carries interest rate of 11.00% p.a. are secured by First Charge by Hypothecation of inventories, Book Debts, other Current Assets and Movable Fixed Assets and Second Charge on residential premise of Ms. Gyatri Thakur and personal guarantee of Mr. Ram Babu Thakur & Ms Gayatri Thakur.
(xi) Return on investment ratio= Net Profit (PAT)/ Cost of Investment*100
The company does not have any investment during the current year, therefore this ratio is not applicable to the company.
27 There are no loan outstanding or granted to promoter, directors, KMPs and related parties (as defined under Companies Act, 2013), either severally or jointly with any other person either repayable on demand or without specifying any term of period of repayment.
28 Other Disclosure as per amendment in Schedule-III dated 24th March, 2021.
a) There are no proceedings has been initiated or pending against the entity under the Benami Transactions (Prohibitions) Act, 1988.
b) There are none Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.
c) The provision of Corporate Social Responsibility under section 135 of the Act is not applicable to the company.
d) The company has not entered in any transaction relating to Crypto Currency or Virtual Currency during the year.
e) The entity has not entered into any transaction with such entities whose name has been stuck off u/s 248 of the Act.
f) The company has taken loan from bank and financial institution during the year, however there is no returns or statement of current assets have been filed by the company with the bank.
g) The company has not declared as wilful defaulter.
h) The company has been complied with the provision relating to layers of companies.
i) The Company has no undisclosed income pertaining to prior period which is required to be disclosed in current year.
j) The company has registered all the charges with Registrar of Companies within the statutory period.
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(Rs. in Hundred)
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31 March 2024
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31 March 2023
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29.
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COMMITMENTS
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a)
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Estimated amount of contracts Remaining to be executed on Capital Account and not provided for (Net of advances)
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NIL
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NIL
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b)
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Letters of Credit opened in favour of inland/overseas
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suppliers
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NIL
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NIL
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30.
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Contingent Liabilities not provided for :-
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a)
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Counter guarantees issued to Bankers in respect of guarantees issued by them
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NIL
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NIL
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b)
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Guarantees issued on behalf of Limited Companies
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NIL
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NIL
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c)
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Claim against the company not acknowledged as debts (Being Contested):
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NIL
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NIL
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31. Employee Benefits
Liability for long term employee benefits has been determined by an actuary, appointed for the purpose, in conformity with the principles set out in the Accounting Standard 15 (Revised), the details of which are as here under:
A. Defined Contribution Plans
The company makes monthly contribution to Provident fund for Company’s contribution to Provident Fund for the year which is charged to Statement of Profit and Loss.
B. Defined Benefit Plans Gratuity:
The Company has a defined benefit gratuity plan. Gratuity is computed as 15 days salary, for every completed year of service or part thereof in excess of 6 months and is payable on retirement / termination / resignation. The benefit vests on the employee completing 5 years of service. The Company makes provision of gratuity asset/liability in the books of accounts on the basis of actuarial valuation as per the projected unit credit method.
The following tables summarize the components of net benefit expense recognized in the financials and obligation at the end of year:
The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevant factors, such as supply and demand in the employment market.
32. In the opinion of the Management current assets, loans and advances have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated except where indicated otherwise.
35. The inventories are taken as per records duly certified by the Company. The same have been valued in accordance with Accounting Policies.
36. Segmental Reporting :
The Company is a Manufacturing, Processing & trading company of Food Products. The Company is managed organizationally as a unified entity with various functional heads reporting to the top management and is not organized along product lines. There are therefore, no separate segments within the company as defined by AS-17 (Segmental Reporting) issued by ICAI.
37. Tax Expense is the aggregate of current year income tax and deferred tax charged to the Profit and Loss Account for the year.
Current Year Charges
Income Tax provision of Rs. Hundred (P.Y. Rs. 26,314.80 Hundred) has been made as per the provisions of the Income Tax Act.
41. Previous year figures have been rearranged/ regrouped wherever considered necessary.
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