Bengal Steel Industries Ltd. के अकाउंट के लिये नोट

Mar 31, 2024

Provisions are recognised when the company has a present obligation as a result of past events, and it is
probable that an outflow of resources, that can be reliably estimated, will be required to settle such an
obligation. Provisions are reviewed at each reporting date and are adjusted to reflect the current best
estimate.

Contingent Liabilities may arise from litigation and other claims against the company. There are certain
obligations which management has concluded, based on all available facts and circumstances, are not
probable of payment and are very difficult to quantify reliably, as such obligations are treated as
contingent liabilities and disclosed in the notes but are not reflected as liabilities in the financial
statements.

Contingent assets are not recognised but disclosed in the financial statements when the inflow of
economic benefits is probable.

26. Deferred Tax Accounting :

In the absence of deductable temporary difference, unused tax credits and any unused tax losses as on the end of the
accounting period no deferred tax assets has been recognised.

27. Depreciation has been charged on the composite cost of Land and Building, the value of which could not be segregated.

28. Capital Management:

The following table summarizes the debt equity ratio of the Company -

a) The following Ratios were not applicable to the Company during the years ending 31.03.2024 and 31.03.2023 -

- Debt Equity Ratio and Debt Service Coverage Ratio as there are no Debts.

- Inventory Turnover Ratio, Trade Receivables Turnover Ratio, Trade Payables Turnover Ratio, Net Capital Turnover Ratio as
there was no Inventory/Sales/Purchases.

b) The following are the reasons for change in the Ratios more than 25%:

- Net Profit Ratio (%), Return on Equity Ratio (%), Return on Capital Employed (%) and Return on Investment (%) have
decreased in the Current Year on account of lower profits earned in the Current Year,

30. The Company has no amounts due to suppliers under the Micro, Small & Medium Enterprises as defined under the
Micro, Small & Medium Enterprises Development Act, 2005 (MSMED) as at 31.03.2024. Hence, no additional disclosure have
been made. The information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties
have been identified on the basis of information received by the Company.

31. Previous years'' figures have been regrouped and rearranged, wherever necessary.

In terms of our report attached of even date
For: S. Ghose &Co. LLP
Chartered Accountants

FRN. 302184E/E300007 ____, j For and on behalf of the Boari

Qi/hy" ,

RITENDEY

Designated Partner 3 ---

Membership No.: 051078

Place : Kolkata 1

Date : 22.04.2024 ^---Company Secretary & CFO Director

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Mar 31, 2014

1 Liability for payment of gratuity is not required to be made since the provisions of Payment of Gratuity Act does not apply to this Company.

2 Land, Factory Shed, Machineries and all Fixed Assets situated in Behala Factory remain comprehensively charged in parripassu with West Bengal Industrial Development Corpn. Ltd. and West Bengal Financal Corpn. with second charge in favour of United Bank of India.

3 Segment Reporting :

The operating activities of the company during the year comprised of earning of rent, interest, dividend and all transactions were within India. These activities are carried on by the same organisational structure and entire activities are located in India.

4 Deferred Tax Accounting :

Tax liability arising under Minimum Alternate Tax (MAT) method gives rise to Deferred Tax Asset of about 0.32 Lacs but in view of concept of prudence and in absence of virtual certainty of earning profit, Deferred Tax Asset has not been recognised.

5 The Company has no amounts due to supliers under the Micro, Small & Medium Enterprises as defined under the Micro, Small & Medium Enterprises Development Act, 2006 (MSMED) as at 31.03.2014. Hence no additional disclosure have been made. The information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information received by the Company.

6 Previous years'' figures have been reclassified to conform to this years classification, wherever necessary.

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Mar 31, 2011

1. Liability for payment of gratuity is not required to be made since the provisions of Payment of Gratuity Act does not apply to this Company.

2. Apart from Liabilities for Expenses, there are no other Creditors of the Company as on 31.03.2011 and there are no dues to any Small Scale Industrial undertaking or unit under Micro, Small and Medium Enterprises Development Act as on that date.

3. Land, Factory Shed, Machineries and all Fixed Assets situated in Behala Factory remain comprehensively charged in parripassu with West Bengal Industrial Development Corporation Ltd. and West Bengal Financial Corporation with second charge in favor of United Bank of India.

4. Segment Reporting :

The operating activities of the company during the year comprised of earning of rent, Interest dividend and all transactions were within India. These activities are carried on by the same organisational structure and entire activities are located in India.

5. Related Party Disclosure Associate Company : WPIL Ltd Key Managerial Personnel (Directors & their relatives)

V. N. Agarwal (Director)

Prakash Agarwal (Director)

G. K. Agarwal (Director)

K. K. Ganeriwala (Director)

6. Deferred Tax Accounting

Deferred Tax asset arising from unpaid expenditure incurred during the year but has not been accounted for as in absence of virtual certainty of earning profit in future.

7. Previous year's figures have been regrouped / recast, wherever necessary.

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Mar 31, 2010

1. Liability for payment of gratuity is not required to be made since the provisions of Payment of Gratuity Act does not apply to this Company.

2. Apart from Liabilities for Expenses, there are no other Creditors of the Company as on 31.03.2010 and there are no dues to any Small Scale Industrial undertaking or unit under Micro, Small and Medium Enterprises Development Act as on that date.

3. Land, Factory Shed, Machineries and all Fixed Assets situated in Behala Factory remain comprehensively charged in parripassu with West Bengal Industrial Development Corporation Ltd. and West Bengal Financial Corporation with second charge in favour of United Bank of India.

4. Segment Reporting :

The operating activities of the company during the year comprised of Trading activities and earning of rent, Interest dividend and all transactions were within India. These activities are carried on by the same organisational structure and entire activities are located in India.

5. Related Party Disclosure

Associate Company : WPIL Ltd

Key Managerial Personnel

(Directors & their relatives)

V. N. Agarwal (Director)

Prakash Agarwal (Director)

G. K. Agarwal (Director)

K. K. Ganeriwala (Director)

6. Deferred Tax Liability

There are no material amounts of revenue or expenditure for which tax effect of the current year is reversible in future years, Consequently, accounting for deferred tax asset or liability is not applicable.

7. Previous years figures have been regrouped / recast, wherever necessary.