Bindal Exports Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

(V) Contingent liabilities and commitments (to the extent not provided for)
(a) Contingent liabilities
(i) Claim against the company not acknowledged as debt
Excise Duty, Interest & Penalty ( 2009-2010)	Rs.	12660585	(P.Y.	Rs.	12660585)
Excise Duty, Interest & Penalty ( 2016-2017)	Rs.	21316	(P.Y.	Rs.	21316)
Custom Duty, Interest & Penalty (2010-2011)	Rs.	2180896	(P.Y.	Rs.	2180896)
Income Tax Demand and Interest (2023-2024)	Rs.	534866	(P.Y.	Rs.	Nil)
(ii) Guarantees	Rs.	NIL	(P.Y.	Rs.	NIL)
(iii) Other money for which the company is contingently liable	Rs.	NIL	(P.Y.	Rs.	NIL)
(b) Commitments shall be classified as:
(i) Estimated amount of contracts remaining to be executed on capital account and	Rs.	NIL	(P.Y.	Rs.	NIL)
(ii) Uncalled liability on shares and other investments partly paid	Rs.	NIL	(P.Y.	Rs.	NIL)
(iii) Other commitments	Rs.	NIL	(P.Y.	Rs.	NIL)

(W) Disclosure regarding Loans or Advances granted to promoters, Directors, KMPs and the related parties

The Company has not granted any loan or advance in the nature of loan to promoters, directors, KMPs and other related parties that are repayable on demand or without specifying any terms or period of repayment.

(X) REVENUE RECOGNITION REVENUE FROM OPERATIONS

i) Sale and operating income includes sale of products, Sale of Service etc.

ii) Sale of goods are recognised, net of returns and trade discounts, on transfer of significant risks and rewards of ownership to the buyer.

iii) Sale of services are recognised when services are rendered and related costs are incurred.

OTHER INCOME

i) Interest income is recognised on time proportion basis taking into account the amount outstanding and the rate applicable.

(Y) GRATUITY AND OTHER POST EMPLOYMENT BENEFIT PLANS

The company does not provide for gratuity expenses on accrual basis. However, on retirement or cessation of employment of any employee, an adhoc amount in form of

BONUS PAID TO EMPLOYEES

The company does not provide for Bonus Expense on accrual basis. The bonus is paid as when declared by management and thereby no provision is reflected in the financial statements of the company,The actual expense is booked in the accounts when it is declared and paid.

(Z) Additional Regulatory Information

(i) Revaluation of Property, Plant and Equipment :

The Company has not revalued its Property, Plant and Equipment during the Financial Year.

(ii) Capital-Work-in Progress (CWIP) :

The Company has no Capital Work in Progress at the year ended as on 31.03.2025.

(iii) Intangible assets under development :

The Company does not have any Intangible assets under development at the year ended as on 31.03.2025.

(iv) Details of Benami Property held :

According to the information and explanation given to us and on the basis of our examination of the records of the Company, there are no proceedings initiated or pending

(v) Wilful Defaulter :

Based on our audit procedures and on the basis of information and explanations given to us by management. The Company has not defaulted in repayment of loans or

(vi) Compliance with approved Scheme(s) of Arrangements :

Based on our audit procedures and on the basis of information and explanations given to us by the management. The Company has not entered in any Scheme of

(vii) Cash Flow Statement :

a. The Cash Flow Statement is prepared by the "Indirect Method" set out in Accounting Standards 3 on '' Cash Flow Statements'' and presents the cash flows by operating,

b. Cash and Cash equivalents presented in the Cash Flow Statement consist of cash on hand, Balances with Schedule Bank and Short term highly liquid financial

(viii) Security of current assets against borrowings :

The Statement are given in the banks on the basis of provisional data and always subject to difference in valuation, discount and reconciliation, so the difference arise between the data.

(ix) MSME :

The classification of creditors in Micro , Small and medium units are given to the extent of information provided by the suppliers and relied upon by the management.

20) These financial statement have been prepared in the format prescribed by the Schedule III to the Companies Act. 2013.Previous period figure recast /restated to conform

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Mar 31, 2024

(l) Provision, 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. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent
liabilities are not recognized in the financial statements. A contingent asset is neither recognized nor disclosed in the financial statements.

The disclosure in respect of the amount payable to enterprises which have provided goods and services to the Company and which qualify under the definition of Micro and Small
Enterprises, as defined under Micro, Small and Medium Enterprises Development Act, 2006 has been made in the Financial statement as at 31 March 2024 based on the information
received and available with the management. Further, the company has not paid or provided any interest on late payment to the enterprises as specified under section 15 and 16 of
Micro, Small and Medium Enterprises Development (MSMED) Act, 2006.

(a) the principal amount NIL and the interest due thereon NIL is remaining unpaid to any supplier being MSME at the end of accounting year.

(b) the amount of interest paid by the buyer in terms of section 16 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) along with the amount of the
payment made to the supplier beyond the appointed day during each accounting year - Nil.

(c) the amount of interest due and payable for the period of delay in making payment (which has been paid but beyond the appointed day during the year) but without adding the
interest specified under the Micro, Small and Medium Enterprises Development Act, day during theyear) butwithout adding the interest specified underthe Micro, Small and Medium
Enterprises Development Act, 2006 - NIL

(d) the amount of interest accrued and remaining unpaid at the end of each accounting year - Nil; and

(e) The amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues above are actually paid to the small enterprise, for
the purpose of disallowance of a deductible expenditure under section 23 of the Micro, Small and Medium Enterprises Development Act, 2006. - Nil.

The disclosure in respect of the amount payable to enterprises which have provided goods and services to the Company and which qualify under the definition of Micro and Small
Enterprises, as defined under Micro, Small and Medium Enterprises Development Act, 2006 has been made in the Financial statement as at 31 March 2024 & 31 March 2023 based on
the information received and available with the management. Further, the company has not paid or provided any interest on late payment to the enterprises as specified under
section 15 and 16 of Micro, Small and Medium Enterprises Development (MSMED) Act, 2006.

(a) the principal amount Rs. 70,20,866 and the interest due thereon NIL is remaining unpaid to any supplier being MSME at the end of accounting year.

(b) the amount of interest paid by the buyer in terms of section 16 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006) along with the amount of the
payment made to the supplier beyond the appointed day during each accounting year - Nil.

(c) the amount of interest due and payable for the period of delay in making payment (which has been paid but beyond the appointed day during the year) but without adding the
interest specified under the Micro, Small and Medium Enterprises Development Act, day during the year) butwithout adding the interest specified under the Micro, Small and Medium
Enterprises Development Act, 2006 - NIL

(d) the amount of interest accrued and remaining unpaid at the end of each accounting year - Nil; and

(e) The amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues above are actually paid to the small enterprise, for
the purpose of disallowance of a deductible expenditure under section 23 of the Micro, Small and Medium Enterprises Development Act, 2006. - Nil.

29 GRATUITY AND OTHER POST EMPLOYMENT BENEFIT PLANS

The company does not provide for gratuity expenses on accrual basis. However, on retirement or cessation of employment of any employee, an adhoc amount in form of ex-
gratia is paid to the said employee.

30 Bonus Paid To Employees

The company does not provide for Bonus Expense on accrual basis. The bonus is paid as when declared by management and thereby no provision is reflected in the financial
statements of the company,The actual expense is booked in the accounts when it is declared and paid.

31 RELATED PARTIES DISCLOSURE

(i) Name of the Related Parties & Related Party Relationship -

Associate Company:

Bindal Exim Pvt. Ltd.

Additional Regulatory information required by Schedule III of Companies Act, 2013

1 The title deeds of all immovable properties owned by the company are held in the name of the company.

2 The Company has no Investment property owned or purchased by it in the current financial year

3 The company has not revalued its Property, plant and equipment or right to use assets or intangible assets during the current year or previous year.

4 The company has not given any loans and advances in the nature of loans to its promoters , directors ,KMP''s and the related parties parties (as defined under Companies Act,
2013,) either severally or jointly with any other person, that are repayable on demand or without specifying any terms or period of repayment.

5 The company has no Capital Work-in-Progress and Intangible Assets under Development.

6 No proceedings are initiated or are pending against the company for holding any Benami property under the Benami Transactions Prohibition Act, 1988 and the rules thereunder.

7 The company have no transactions with struck off companies during the year.

8 The company does not have any charges or satisfaction of charges which are yet to be registered with Registrar of Companies.

9 The company has not entered in to any scheme of arrangement under section 230-237 of the Companies Act, 2013.

10 The company has not advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) any funds to or in any other person(s)
or entity(ies), including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, directly or
indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (“Ultimate Beneficiaries”) or prov''de any guarantee,
security or the like on behalf of the Ultimate Beneficiaries.

11 The company has not received from any person(s) or entity(ies), including foreign entities (“Funding Parties”), any funds with the understanding, whether recorded in writing or

otherwise, that the company shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;

12 The company has not disclosed or surrendered any undisclosed income in current year or previous year under the Income Tax Act, 1961, that has not been recorded in books of
accounts of the company.

13 The company has not traded in crypto currency or virtual assets either during the current year or previous year.

14 The company has not been declared wilful defaulter by any bank or financial institution.

15 The company has borrowed working capital funds from banks on security of current assets of the company for which it has submitted stock and book debt statements with the

bankers, the detail of the same is as follows.

As per our report of
even date

For and on behalf of For and on behalf of the Board of

SNK & Co. Blndal Exports Ltd.,

Chartered Accountants CIN : L51109GJ2007PLC050915

F.R.No.109176W

Sd/- Sd/-

Sd/- Ravindra K Arya Anupam R Arya

Chalrman & Executlve Dlrector

Samir B. Shah Managing Director

Partner

Place : Surat

Date : 24th May,2024 Sd/ Sd/

UDIN^:-24103562BKADRQ4990 Ramavtar Sharma Charmi Soni

Chief Financial Company Secretary

Annual Report 2023-24jj_cer