NOTE: 25 Contingent Liabilities and Commitments (to the extent not provided for):-
a) There is a Contingent Liabilities of Rs 267.44 Pertaining to demand raised by income tax department for default in TDS. The said will be reconciled as a later date.
NOTE: 28 Disclosure in respect of Derivative Instruments: -
a) 2024Vate InStrumentS (Forward Exchange Contract) (Previous year Nil) outstanding as at 31 March
b) Foreign currency exposures that are not hedged by derivative instruments as at 31 March, 2024: -Nil
NOTE.-29 Value of imported and indigenous Raw Material, Store and Spare parts and packing materia consumed and percentage of each to the total consumption as Certified by the management: -
NOTE: -33 Lease
The Company has taken factory premises at Rudrapur (Uttarakhand) where the Lease deed is valid till 31st July 2095,
NOTE:34 With reference to the Ministry of Corporate Affairs notification dt. 24.03.2021
w.r.t. amendments in Schedule III, additional regulatory information under are under:
(i) Title deeds of Immovable Property not held in name of the Company: Nil
(ii) Disclosures regarding whether revaluation is based on the valuation by a Registered Valuer:
No revaluation took place during the year.
(in) Disclosures of Loans or Advances granted Promoters, Directors, KMPs and the related parties:
No Loans or Advances granted to Promoters, Directors, KMPs and the related parties during the year. 6
(iv) Capital-Work-in-Progress (CWIP): Nil
(v) Intangible Assets under Development:
(a) Details of Intangible Assets under Development Aging Schedule:
(k) Details of Intangible Assets under Development Completion Schedule: Nil
(vi) Details of Benami Property held:
No Benami Property held by the company as on 31.03.2024.
(vii) Borrowings from banks or financial institutions on the basis of security of current assets:
The company has submitted the provisional financial data to bankers on time to time basis.
(viii) Wilful Defaulter:
The company has not been declared wilful defaulter by any bank or financial Institution or other lender as on 31.03.2024.
(ix) Relationship with Struck Off Companies:
The company has not made any transaction during the year with companies struck off under section 248 of Companies Act, 2013 or section 560 of Companies Act, 1956.
(x) Registration of charges or satisfaction with Registrar of Companies:
Satisfaction of Charge file with Registrar of Companies on dated 29/08/2023 Rs.7,50,000/-
(xi) Compliance with number of layers of companies:
The proviso to clause (87) of section 2 of the Companies Act, 2013 provides for restricting class or classes of holding companies from having layers of subsidiaries beyond prescribed number. The above provision is not applicable on the company.
Explanations for changes in the ratio by more than 25% as compared to preceding year are as below: s J
a) In Debt Service Coverage Ratio- Due to increase in cash profit of Current year as compare to previous year.
b) In Return on Equity Ratio-Due to increase in profit of current year as compare to previous year.
c) In Trade Payable Turnover Ratio- Due to Increase in Net Credit Purchase and Average Trade Payables in current year as compare to previous year.
ci) Capital Turnover Ratio- Due to increase in turnover as compare to previous
e) In Net Profit Ratio- Due to increase in profit of Current year as compare to previous year’s profit.
1] In Return on Capital Employed Ratio, Due to improving of earnings before Interest 85 Tax in current year as compare to previous year. -
(xiii) Compliance with approved Scheme(s) of Arrangements:
No any scheme under section 230 to 237 of the Companies Act, 2013 has been approved for the company.
(xiv) Utilization of Borrowed Funds & Share Premium:
Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(s), including foreign entities (Intermediaries).
(xv) Undisclosed Income:
For the year, there is no undisclosed income or any transaction which are not recorded in the books of account.
(xvi) Details of Crypto Currency or Virtual Currency:
The Company has not traded or invested in Crypto currency or Virtual currency during the year.
NOTE: 35 Previous year’s figures have been regrouped, reclassified wherever necessary to correspond with the current year classification/disclosure. This adoption does not impact recognition and measurement principles followed for preparation of financial statements as at 31st March, 2024.
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