Fischer Medical Ventures Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

12. Provisions, Contingent Liabilities and Contingent Assets

12.1 Provisions

A provision is recognized when the Company has a present obligation (Legal or constructive) as a result
of a past event, it is probable that an outflow of resources will be required to settle the obligation, and a
reliable estimate can be made of the amount of the obligation.

12.2 Contingent Liabilities

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the
existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain
future events not wholly within the control of the Company, or a present obligation that is not recognized
because it is not probable that an outflow of resources will be required, or the amount cannot be reliably
estimated.

12.3 Contingent Assets

Contingent assets are disclosed where an inflow of economic benefits is probable. However, when the
realization of income is virtually certain, then the related asset is no longer considered contingent and
recognized as an asset.

13. Financial Instruments

Financial instruments are recognized when the Company becomes a party to the contractual provisions of
the instrument. They are initially measured at fair value. Transaction costs that are directly attributable to the
acquisition or issue of financial assets and financial liabilities (other than financial assets and liabilities at fair
value through profit or loss) are added to or deducted from the fair value of the financial assets or financial
liabilities, as appropriate, on initial recognition.

14. Financial Assets

Financial assets include trade receivables, investments, cash and cash equivalents, and other financial assets.
The classification is based on the business model in which a financial asset is managed and its contractual
cash flow characteristics.

Amortized Cost: Assets held to collect contractual cash flows where the cash flows are solely payments of
principal and interest are measured amortized cost.

Fair Value Through Other Comprehensive Income (FVOCI): Assets held to collect cash flows and sell the
assets are measured at FVOCI. Fair Value Through Profit or Loss (FVTPL): Assets that do not meet the criteria
for amortized cost or FVOCI are measured at FVTPL.

Impairment is recognized using the expected credit loss (ECL) model as per Ind AS 109. The simplified
approach is applied to trade receivables.

15. Financial Liabilities and Equity Instruments

15.1 Financial Liabilities

Financial liabilities are initially recognized at fair value and subsequently measured at amortized cost
using the effective interest rate (EIR) method. These include trade payables, borrowings, and other
financial liabilities.

15.2 Equity Instruments

An equity instrument is any contract that evidences a residual interest in the assets of an entity after
deducting all of its liabilities. Equity instruments issued by the Company are recognized at the proceeds
received, net of direct issue costs.

16. Earnings Per Share (EPS)

The Company presents basic and diluted earnings per share (EPS) for its equity shares.

Basic EPS is calculated by dividing the net profit or loss for the period attributable to equity shareholders by
the weighted average number of equi shares outstanding during the period.

Diluted EPS is computed by adjusting the weighted average number of equity shares to assume conversion
of all dilutive potential equity shares.

17. Cash Flow Statement

The Company prepares the cash flow statement using theindirect method, as per Ind AS 7, “Statement of
Cash Flows.” Cash and cash equivalents include cash on hand, balances with banks, and highly liquid
investments with original maturities of three months or less.

18. Dividends

Final dividends on shares are recorded as a liability on the date of approval by the shareholders. Interim
dividends, if any, are recorded as a liability on the date of declaration by the Board of Directors.

19. Foreign Currency Translation

The financial statements of foreign operations are translated into INR as follows:

Assets and liabilities: closing rate at the reporting date. Income and expenses: average exchange rate for
the period.

All resulting exchange differences are recognized in other Comprehensive Income (OCI) and accumulated
in Foreign Currency Translation Reserve.

19.1. Functional and Presentation Currency

The financial statements are presented in Indian Rupees (INR), which is the functional and presentation
currency of the Company. All financial information presented in INR has been rounded off to the nearest
lakh, unless otherwise stated.

20. Basis of Consolidation and Equity Accounting

The consolidated financial statements incorporate the financial statements of the Company and its
subsidiaries. Control is achieved when t Company:

1. Has power over the investee;

2. Is exposed, or has rights, to variable returns from its involvement with the investee; and

3. Has the ability to use its power to affect its returns.

4. The financial statements of all subsidiaries are prepared using uniform accounting policies. Intra-group
balances, transactions, and unrealize profits or losses are eliminated in full

Investments in associates or joint ventures are accounted for using the equity method as per Ind AS 28.
The investment is initially recognized at cost and adjusted thereafter for the post-acquisition change in the
Company''s share of net assets of the investee.

Level 1 - Quoted prices (unadjusted) in active markets for identical assets or Liabilities.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either
directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

There were no transfers between the levels during the year.

Valuation processes

The finance department of the Company performs the valuations of financial assets and liabilities required for financial
reporting purposes, including level 3 fair values. The fair valuation of level 1 and level 2 classified assets and liabilities are
readily available from the quoted prices in the open market and rates available in secondary market respectively. The
valuation method applied for various financial assets and liabilities are as follows -

Quoted price in the primary market (NAV) considered for the fair valuation of the current investment.

The carrying amounts of trade receivable, cash and bank balances, other financial assets and liabilities,
borrowings are considered to be the same as their fair value due to their short-term nature.

NOTE NO. : 33 -Balance Confirmations

Some of the balances of and current trade payables are subject to confirmation and reconciliation of any.

NOTE NO. : 34- Previous Years Re-grouped

Figures for previous periods have been regrouped / reclassified wherever considered necessasry.

NOTE NO. : 35- Struck Off Companies

During the year, the Company has no transactions with struck off company.

NOTE NO. : 36- Segment Reporting

Since the company operates in single segment, Segment Reporting does not apply to the company.

NOTE NO. : 37- Information about major customers

The company had revenue from operations for the year ended March 31, 2025, consisting of one major customer
constituting 90.20% and 30.86% of total debtors respectively at the year and the company.

NOTE NO. : 38- Additional disclosure with respect to amendments to Schedule III

1. No proceedings have been initiated or are pending against the Company for holding any benami
property under the Prohibition of Benami Property Transactions Act, 1988 (as amended) and rules
made thereunder

2. The Company does not have any such transaction which is not recorded in the books of accounts that
has been surrendered or disclosed as income during the year in the tax assessments under the
Income Tax Act, 1961

3. The Company has not been declared a wilful defaulter by any bank or financial institution or other
lender (as defined under the Companies Act, 2013) or consortium thereof, in accordance with the
guidelines on wilful defaulters issued by the Reserve Bank of India

4. The Company does not have any charges or satisfaction which is yet to be registered with Registrar
of Companies (ROC) beyond the statutory period

5. The Company has complied with the number of layers prescribed under the Companies Act, 2013

6. The Company does not have any transaction with companies struck off under section 248 of the
Companies Act, 2013 or section 560 of the Companies Act, 1956 as of and for the year ended
March 31 2024 and March 31 2023

7. The Company has not revalued its Property, Plant, and Equipment, or Intangible assets during the year.

8. The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial
year

9. The Company has not received any fund from any person(s) or entity(ies), including foreign entities
(Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company
shall

a. 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 ;

b. provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

NOTE NO. 39: FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The Company''s principal financial liabilities comprise trade and other payables. The main purpose of these financial
liabilities is to finance the Company''s operations. The Company''s principal financial assets and cash and cash
equivalents that derive directly from its operations. The Company is exposed to market risk, credit risk and liquidity
risk. Company''s senior management oversees the management of these risks. It is Company''s policy that no trading
in derivatives for speculative purposes may be undertaken. The Board of Directors review and agree policies for
managing each of these risks, which are summarised below.

Market risk

Market risk is the risk of any loss in future earnings, in realisable fair value or in future cash flows that may result from
a change in the price of a financial instrument. The value of a financial instrument may change as a result of change
in the interest rates, foreign currency exchange rates, liquidity and other market changes. Future specific market
movements cannot be normally predicted with reasonable accuracy.

(i) Interest rate sensitivity - Interest rate risk is the risk that the fair value or future cash flows of a financial

instrument will fluctuate because of changes in market interest rates. - Company does not have exposure to the
risk of changes in market interest rates.

- Company does not have exposure to the risk of changes in market interest rates.

Foreign currency risk - The Company has a portion of the business which is transacted in foreign
currencies. The fluctuations in foreign currency exchange rates may have impact on the income statement
and equity. Company''s exposure to the risk of changes in foreign exchange rates relates primarily to the
Company''s operating activities. The Company is exposed to foreign exchange risk arising from foreign
currency receivables and payables.

Liquidity risk

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at a
reasonable price. For the Company, liquidity risk arises from obligations on account of financial liabilities - trade
payables and other financial liabilities.

Liquidity risk management

The Company manage its liquidity risk in a manner so as to meet its normal financial obligations without any significant
delay or stress. Such risk is managed through ensuring operational cash flow while at the same time maintaining
adequate cash and cash equivalent position. The management has adopted a policy of managing assets with

Credit Risk

The principal credit risk that the Company is exposed to is non-collection of trade receivables and Late collection of
receivables leading to credit loss. The risk is mitigated by reviewing creditworthiness of the prospective customers
prior to entering into contract and post contracting, through continuous monitoring of collections by a dedicated team.
The Company reviews trade receivables on periodic basis and makes provision for doubtful debts if collection is
doubtful. The Company also calculates the expected credit loss (ECL) for non-collection and for delay in collection
of receivables. The Company makes additional provision if the ECL amount is higher than the provision made for
doubtful debts. In case the ECL amount is lower than the provision made for doubtful debts, the Company retains
the provision made for doubtful debts without any adjustment.

Company''s credit period generally ranges from 30 to 180 days

The gross carrying amount of a financial asset is written off (either partially or in full) when there is no
realistic prospect of recovery.

Information about Top customers

The company had revenue from operations for the year ended March 31, 2025, consisting of two major customers
constituting 90.20% and 30.86% of total debtors respectively at the year and the company.

Capital Management

The Company''s policy is to maintain a strong capital base so as to maintain investor, creditor and
market confidence and to sustain future development of the business. The Company''s objective when
managing capital is to maintain an optimal structure so as to maximise shareholder value.

Capital Structure is as follows -

NOTE NO. 41: FOREGIN CURRENCY EXPOSURE

The Company has adopted Ind AS 116 “Leases” effective 1st April 2019, as notified by the Ministry of Corporate Affairs
(MCA) vide Companies (Indian Accounting Standards), Amendment Rules, 2019, using the modified retrospective
method .Under this simplified Approach, the Company recognized equal amount of right of use asset and lease liability
on the transition date, adjusted by the amount of prepayments pertaining to such leases, carried in the Balance Sheet
on such transition date.

(A) Carrying value of right of use assets at the end of the year

For M/s Bilimoria Mehta & Co. For and on behalf of the Board

Chartered Accountants Fischer Medical Ventures Limited (Formerly known as Fischer Chemic Limited)

FRN: 101490W

CA Prakash Mehta Ravindran Govindan Svetlana Rao Raviwada

Partner Managing Director Whole Time Director

M.No: 030382 DIN : 03137661 DIN : 06899295

Date: May 08 2025 Mr. Vivek Balasubramanian Mr. AravindKumar V

Place of Signature: Mumbai Chief Financial Officer Company Secretary

UDIN: 25030382BMIIIY7523

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Mar 31, 2024

(o) Accounting for Provisions, Contingent Liabilities and Contingent Assets:

Provisions are recognized, when there is a present legal or constructive obligation as a result of a past event, it is probable that an outflow of resources

will be required to settle the obligation, and when a reliable estimate of the amount of the obligation can be made. If the effect of the time value of money is material, the provision is discounted using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation and the unwinding of the discount is recognised as interest expense.

Contingent liabilities are recognized only when there is a possible obligation arising from past events, due to occurrence or non-occurrence of one or more uncertain future events, not wholly within the control of the Company, or where any present obligation cannot be measured in terms of future outflow of resources, or where a reliable estimate of the obligation cannot be made. Obligations are assessed on an ongoing basis and only those having a largely probable outflow of resources are provided for. Contingent liabilities are not recognized in these financial statements, but are disclosed in Note No.44.

Contingent assets are not recognized in the financial statements.

(p) Borrowing Costs:

General and specific borrowing costs directly attributable to the acquisition or construction of qualifying assets that necessarily takes a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Borrowing costs consist of interest and other costs that the Company incurs in connection with the borrowing of funds.

Interest income earned on temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalization. Borrowing costs that are not directly attributable to a qualifying asset are recognised in the Statement of Profit or Loss using the effective interest method.

(q) Cash and cash equivalents

For the purposes of presentation in the statement of cash flows, cash and cash equivalents include cash on hand, in banks and other short-term highly liquid investments with original maturities of three months or less that is readily convertible to known amounts of cash and which are subject to insignificant risk of change in value.

(r) Cash Flow Statement:

Cash flows are reported using the indirect method, whereby profit/ (loss) before tax is adjusted for the effects of transactions of no cash nature and any deferrals or accruals of past or future cash receipts or payments. Cash flow for the year are classified by operating, investing and financing activities.

(s) Earnings Per Share:

Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post-tax effect of extraordinary items, if any) by the weighted average number of equity shares outstanding during the year including potential equity shares on compulsory convertible debentures. Diluted earnings per share is computed by dividing the profit / (loss) after tax (including the post-tax effect of extraordinary items, if any) as adjusted for dividend, interest and other charges to expense or income (net of any attributable taxes) relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for deriving basic earnings per share and the weighted average number of equity shares which could have been issued on the conversion of all dilutive potential equity shares.

(t) Financial Instruments:

Financial Assets:

Classification

The Company classifies financial assets as subsequently measured at amortised cost, fair value through other comprehensive income or fair value through profit or loss on the basis of its business model for managing the financial assets and the contractual cash flow characteristics of the financial asset.

Initial Recognition and measurement:

All financial assets (not measured subsequently at fair value through profit or loss) are recognised initially at fair value plus transaction costs that are attributable to the acquisition of the financial asset. Purchases or sales of financial assets that require delivery of assets within a time frame established by regulation or convention in the market place (regular way trades) are recognised on the trade date, i.e., the date that the Company commits to purchase or sell the asset.

Debt instruments at amortised cost

A ''debt instrument’ is measured at the amortised cost if both the following conditions are met:

a) The asset is held within a business model whose objective is to hold assets for collecting contractual cash flows, and

b) Contractual terms of the asset give rise on specified dates to cash flows that are solely payments of principal and interest (SPPI) on the principal amount outstanding.

After initial measurement, such financial assets are subsequently measured at amortised cost using the effective interest rate (EIR) method. Amortised cost is calculated by taking into account any discount or premium and fees or costs that are an integral part of the EIR. The EIR amortisation is included in finance income in the Statement of Profit and Loss. The losses arising from impairment are recognised in the Statement of Profit and Loss. This category generally applies to loans and advances, deposits, trade and other receivables.

Debt instruments included within the fair value through profit and loss (FVTPL) category are measured at fair value with all changes recognized in the Statement of Profit and Loss.

Equity investments

All equity investments in scope of Ind-AS 109 are measured at fair value. Equity instruments are classified as FVTPL. Investment in subsidiaries, joint ventures and associates are carried at cost less impairment, if any.

Derecognition

A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognised (i.e. removed from the Company’s balance sheet) when:

- The rights to receive cash flows from the asset have expired, or

- The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a ''pass-through’ arrangement; and either:

(a) the Company has transferred substantially all the risks and rewards of the asset, or

(b) the Company has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.

When the Company has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates if and to what extent it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially all of the risks and rewards of the asset, nor transferred control of the asset, the Company continues to recognise the transferred asset to the extent of the Company’s continuing involvement. In that case, the Company also recognises an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the Company has retained.

Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the Company could be required to repay.

Impairment of financial assets

In accordance with Ind-AS 109, the Company applies Expected Credit Loss (ECL) model for measurement and recognition of impairment loss on the following financial assets and credit risk exposure:

a) Financial assets that are debt instruments, and are measured at amortised cost e.g., loans, debt securities, deposits, and bank balance.

b) Trade receivables.

The Company follows ''simplified approach’ for recognition of impairment loss allowance on trade receivables which do not contain a significant financing component.

The application of simplified approach does not require the Company to track changes in credit risk. Rather, it recognises impairment loss allowance based on lifetime ECLs at each Balance Sheet date, right from its initial recognition.

Financial Liabilities

Classification

The Company classifies all financial liabilities as subsequently measured at amortised cost, except for financial liabilities at fair value through profit or loss. Such liabilities, including derivatives that are liabilities, shall be subsequently measured at fair value

Initial recognition and measurement

Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate.

All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs.

The Company’s financial liabilities include trade and other payables, loans and borrowings including bank overdrafts, financial guarantee contracts and derivative financial instruments.

Loans and borrowings

After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the EIR method. Gains and losses are recognised in the Statement of Profit and Loss when the liabilities are derecognised.

Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortisation is included as finance costs in the Statement of Profit and Loss.

This category generally applies to interest-bearing loans and borrowings.

Derecognition

A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognised in the Statement of Profit and Loss.

Offsetting of financial instruments

Financial assets and financial liabilities are offset and the net amount is reported in the balance sheet if there is a currently enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis, to realise the assets and settle the liabilities simultaneously.

Equity instruments

An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. Equity instruments issued by the Company are recognized at the proceeds received, net of direct issue costs.

(u) Recent pronouncements

There are no recent pronouncements.

(v) CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the Company’s financial statements requires management to make judgments, estimates, and assumptions that affect the reported amount of revenue, expenses, assets and liabilities, and the accompanying disclosures.

Accounting estimates could change from period to period. Actual results could differ from those estimates. Appropriate changes in estimates are made as and when management becomes aware of changes and circumstances surrounding the estimates. Changes in the estimates are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to financial statements.

Application of accounting policies that require critical accounting estimates involving complex and subjective judgments and the use of assumptions in these financial statements have been disclosed below:

¦ Recognition of deferred tax asset: availability of future taxable profit

¦ Recognition and measurements of provision and contingencies: key assumption of the livelihood and magnitude of an outflow of resources.

Valuation processes

The finance department of the Company performs the valuations of financial assets and liabilities required for financial reporting purposes, including level 3 fair values. The fair valuation of level 1 and level 2 classified assets and liabilities are readily available from the quoted prices in the open market and rates available in secondary market respectively. The valuation method applied for various financial assets and liabilities are as follows -

Quoted price in the primary market (NAV) considered for the fair valuation of the current investment

The carrying amounts of trade receivable, cash and bank balances,other financial assets and liabilities, borrowings are considered to be the same as their fair value due to their short-term nature.

NOTE NO. 27: INFORMATION ABOUT MAJOR CUSTOMERS

The Company had revenue from operations for the year ended March 31 2024, consisting of two major customers constituting 85.29% and 14.71% of total debtors respectively at the year and the Company.

Additional disclosure with respect to amendments to Schedule III

1. No proceedings have been initiated or are pending against the Company for holding any benami property under the Prohibition of Benami Property Transactions Act, 1988 (as amended) and rules made thereunder

2. The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961

3. The Company has not been declared a wilful defaulter by any bank or financial institution or other lender (as defined under the Companies Act, 2013) or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India

4. The Company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies (ROC) beyond the statutory period

5. The Company has complied with the number of layers prescribed under the Companies Act, 2013

6. The Company does not have any transaction with companies struck off under section 248 of the Companies Act, 2013 or

section 560 of the Companies Act, 1956 as of and for the year ended March 31 2024 and March 31 2023

7. The Company has not revalued its Property, Plant, and Equipment, or Intangible assets during the year.

8. The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year

9. The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall

NOTE NO. 28: FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The Company’s principal financial liabilities comprise trade and other payables. The main purpose of these financial liabilities is to finance the Company’s operations. The Company’s principal financial assets and cash and cash equivalents that derive directly from its operations. The Company is exposed to market risk, credit risk and liquidity risk. Company’s senior management oversees the management of these risks. It is Company’s policy that no trading in derivatives for speculative purposes may be undertaken. The Board of Directors review and agree policies for managing each of these risks, which are summarised below.

Market risk

Market risk is the risk of any loss in future earnings, in realisable fair value or in future cash flows that may result from a change in the price of a financial instrument. The value of a financial instrument may change as a result of change in the interest rates, foreign currency exchange rates, liquidity and other market changes. Future specific market movements cannot be normally predicted with reasonable accuracy.

(i) Interest rate sensitivity - Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. - Company does not have exposure to the risk of changes in market interest rates.

(ii) Foreign currency risk - The Company has a portion of the business which is transacted in foreign currencies. The fluctuations in foreign currency exchange rates may have impact on the income statement and equity. Company’s exposure to the risk of changes in foreign exchange rates relates primarily to the Company’s operating activities. The Company is exposed to foreign exchange risk arising from foreign currency receivables and payables.

Liquidity risk

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at a reasonable price. For the Company, liquidity risk arises from obligations on account of financial liabilities - trade payables and other financial liabilities.

Liquidity risk management

The Company manage its liquidity risk in a manner so as to meet its normal financial obligations without any significant delay or stress. Such risk is managed through ensuring operational cash flow while at the same time maintaining adequate cash and cash equivalent position. The management has adopted a policy of managing assets with liquidity monitoring future cash flow and liquidity on a regular basis.The contractual maturities of financial assets and financial liabilities is as follows

Company''s credit period generally ranges from 15 to 60 days

The gross carrying amount of a financial asset is written off (either partially or in full) when there is no realistic prospect of recovery.

Information about Top customers

The Company had revenue from operations for the year ended March 31 2024, consisting of two major customers constituting 85.29% and 14.71% of total debtors respectively at the year and the Company.

Capital Management

The Company’s policy is to maintain a strong capital base so as to maintain investor, creditor and market confidence and to sustain future development of the business.The Company’s objective when managing capital is to maintain an optimal structure so as to maximise shareholder value.

For M/s Bilimoria Mehta & Co. For and on behalf of the Board

Chartered Accountants Fischer Medical Ventures Limited (Formerly known as Fischer Chemic Limited)

FRN: 101490W

CA Prakash Mehta Ravindran Govindan Svetlana Rao Raviwada

Partner Managing Director Whole Time Director

M.No: 030382 DIN : 03137661 DIN : 06899295

Date: May 30 2024 Mr. Dilip Suryakant Jha Mr. Deepak Vyas

Place of Signature: Mumbai Chief Financial Officer Company Secretary

UDIN:24030382BKJBU7519

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Mar 31, 2023

Provisions And Contogent Liabilty

Provisions are recognized when the Company has a present obligation (legal or constructive) as a result of a past event,
it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be
made of the amount of the obligation.

h. Earnings per share

The basic earnings per share is computed by dividing the net profit for the period attributable to equity shareholders by
the weighted average number of equity shares outstanding during the period. The number of shares used in computing
diluted earnings per share comprises the weighted average shares considered for deriving basic earnings per share and
also the weighted average number of equity shares which would have been issued on the conversion of all dilutive
potential equity shares. Dilutive potential equity shares are deemed converted as of the beginning of the period unless
they have been issued at a later date.

i. Rounding of amounts

The Financial Statements have been presented in Indian Rupees (INR), which is the Company''s functional currency. All
financial information presented in INR has been rounded off to nearest lakhs as per the requirement of Schedule III,
unless otherwise stated.

j. Cash flow statement

Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of
transactions of non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item
of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and
financing activities of the Company are segregated

k. Fair value measurement

Management uses valuation techniques to determine the fair value of financial instruments (where active market quotes
are not available). This involves developing estimates and assumptions consistent with how market participants would
price the instrument. Management bases its assumptions on observable data as far as possible but this is not always
available. In that case management uses the best information available. Estimated fair values may vary from the actual
prices that would be achieved in an arm''s length transaction at the reporting date.

l. Derecognition of Financial Instruments

Company derecognises a financial asset when the contractual rights to cash flows from financial asset expire or it
transfers to financial asset and transfer qualifies for derecongition under IND AS 109. A financial liability (or part of it) is
derecognised from balance sheet when obligiation specified in contract is discharged or cancelled or expires.

m. Recent pronouncements

Ministry of Corporate Affairs ("MCA") notifies new standard or amendments to the existing standards under

Companies (Indian Accounting Standards) Rules as issued from time to time. On March 23, 2023, MCA amended the

Companies (Indian Accounting Standards) Amendment Rules, 2023, applicable from April 1, 2023, as below

Ind AS 103 - Reference to Conceptual Framework

Ind AS 16 - Proceeds before intended use

Ind AS 37 - Onerous Contracts - Costs of Fulfilling a Contract

Ind AS 109 - Annual Improvements to Ind AS (2021)

Ind AS 116 - Annual Improvements to Ind AS (2021)

Above ammendments are not applicable to the company and accordingly there will be no consequent impact on
companys financials.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the Company''s financial statements requires management to make judgment, estimates and

assumptions that affect the reported amount of revenue, expenses, assets and liabilities and the accompanying

disclosures.

Accounting estimates could change from period to period. Actual results could differ from those estimates. Appropriate
changes in estimates are made as and when management becomes aware of changes and circumstances surrounding the
estimates. Changes in the estimates are reflected in the financial statements in the period in which changes are made and,
if material, their effects are disclosed in the notes to financial statements.

Application of accounting policies that require critical accounting estimates involving complex and subjective judgments
and the use of assumptions in these financial statements have been disclosed below:

> Recognition of deferred tax asset: availability of future taxable profit

> Recognition and measurements of provision and contingencies: key assumption of the livelihood and
magnitude of an outflow of resources.

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Mar 31, 2014

1 Under the Micro Small and Medium Enterprises Development Act ,2006, certain disclourses are required to be made relating to Micro,Small and Medium Enterprises. The company is in the process of compling relevant information from its suppliers about their coverage under the Act . Since the revelant information is not presently available, no disclosures have been made in the accounts.

2 Corresponding figures of the previous year have been regrouped or rearranged to make it comparable with this years''s figure, wherever necessary.

3 Tax expense comprises deferred taxes. : Deferred income taxes reflects the impact of current year timing differences between taxable income and accounting income for the year and reversal of timing differences of earlier years. Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the balance sheet date. Deferred tax assets are recognised only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realised Deferred tax assets are recognised on carry forward of unabsorbed depreciation and tax losses only if there is virtual certainty that such deferred tax assets can be realised against future taxable profits. Unrecognised deferred tax assets of earlier years are re-assessed and recognised to the extent that it has become reasonably certain that future taxable income will be available against which such deferred tax assets can be realised.

4 A. Provisions :

it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions 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 Liability is not recognized in the financial statements but is disclosed.

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Mar 31, 2013

Contingent Liabilities and Commitments

As at 31.3.2013 As at 31.3.2012 Particulars Rs. Rs.

(A) Contingent Liabilities

(a) Claims against the company not acknowledged as debts NIL NIL

(b) Guarantees

(c ) Other money for which the company is contingently liable

Total (A) NIL NIL

1. CONSUMPTION OF RAW MATERIALS & COMPONENTS

Information pursuant to provisions of Para 3 & 4 of Part II of Schedule VI of Companies Act, 1956 is as under:

a. Licensed Capacity and Installed Capacity : (Being a technical matter, as certified by management and relied upon by Auditors)

Raw Material :

The stores, spares and other materials contain large number of items and none of the items individually account for 10% or more of the total value and hence the quantitative details are not furnished. The total stores & spares consumption amounted to Rs.1,76,002/- (Previous Year Rs. 283,876/-)

2. SEGMENT REPORTING

The business of the company falls under a single segment of retail/bulk trade of laboratory chemicals. In view of the general classification issued for companies operating in single segment, the disclosure requirements as per Accounting Standard 17 "Segment Reporting" are not applicable to the company. The company primarily caters to the domestic market and export sales do not form significant part of Total Turnover and hence the information required for the Secondary segment has not been furnished.

3. The Company''s net worth eroded due to continuous loss incurred during the past several years. The Total Liabilities exceeds Total Assets as on 31st March 2013. However the management is confident of expending the business and earning profits in future. The management have business plans to infuse funds for the needs as required and hence the going concern principle is not affected.

4. RELATED PARTY DISCLOSURES – AS - 18

I. LIST OF RELATED PARTIES

Related parties with whom transactions have taken place during the year (a) Key Managerial Personnel / Individual Relatives

1. G.M.S. Narayanan – Whole Time Director

2. K. Vasudevan – Whole Time Director

3. V. Balakrishnan – Director

4. Mrs. Bhagirathi – Wife of Whole Time Director

5. Mrs. Sasikala – Wife of Whole Time Director

5. LEASES – AS – 19

FINANCE LEASE

(I) Disclosure as per AS – 19 on "Leases", in respect of formal agreements entered into for assets taken on lease during periods commencing on or after 1st April, 2008

6. TAXATION

Income Tax:

No provision for income tax for the current year has been made in the books, since the company has unabsorbed business losses and unabsorbed depreciation losses eligible for set-off in addition to current year loss.

The company has carried forward business losses and unabsorbed depreciation and the company is confident of earning profits in the future years to set off the losses. However there is no virtual certainty as envisaged in AS 22, that sufficient future taxable income will be available against which such deferred tax assets can be realised and hence such deferred tax assets arising on account of timing differences are not recognized during the year, as a matter of prudence. Since, there are no fixed assets in the company at the end of the year, the company will not be in a position to claim any depreciation benefits on the same as per Income tax Act and hence the benefit of deferred tax liability/ asset is not carried forward on account of this benefit.

7. The company has not received information from vendors regarding their status under Micro, small and Medium Enterprises Development Act, 2006 and hence disclosures relating to amounts unpaid as at yearend together with interest paid / payable under this account have not been given.

8. EMPLOYEE BENEFITS

The company has provided for the liability on gratuity and compensated absences for the year ended as at 31st March 2012 on the basis of estimates made by the management without obtaining Actuarial Valuation. However, in the opinion of the Management, the difference between the amount provided and the provisions as may be required in accordance with AS 15 will not be material, considering the amount involved and number of employees.

9. In the opinion of the board of directors, loans, debtors and other current assets are of the value stated in the balance sheet, to be realized in the normal course of business and provision for all known liabilities have been made which are adequate.

10. The Management of the company has during the year carried out technical evaluation for identification of impairment of assets, if any in accordance with AS 28. Based on the judgement of the management and as certified by the directors, no provision for impairment of assets is considered necessary in respect of any assets of the company since there are no assets in the company.

11. (a) Confirmation of balance from Sundry debtors, Sundry creditors, Unsecured loans, Loans & Advances, Deposits and Other Current Assets are yet to be received / reconciled and in the opinion of management, the impact such non-receipt / non- reconciliation is not material.

(b)The Company has obtained Compliance Certificate from a Company Secretary in Whole-Time Practice as per the provisions of Section 383A of the Companies Act, 1956.

12. Previous year''s figures which have been audited by another firm of Chartered Accountants have been regrouped wherever necessary to conform to this year''s classification.

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Mar 31, 2012

A. Certain balances under Sundry Debtors, Sundry Creditors, Loans and Advances and Deposits are subject to confirmation and consequential adjustments that may arise on reconciliation.

b. The enterprise does not have subsisting arrangement of employee benefit plans and considering the number of employees being only very minimal, actual liability is calculated as at 31st March 2012 as per the Payment of Gratuity Act, 1972 is being provided.

c. SEGMENT REPORTING:

The company is operating in single segment namely dealing in Laboratory chemicals.

d. In the absence of information from the suppliers with regards to their registration with the specified authorities, the Company is unable to furnish the information, as required under The Companies Act, 1956 and the Micro, Small and Medium Enterprises Development Act,2006.

e. Previous Years figures have been regrouped wherever necessary.

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Mar 31, 2010

1. SECURED LOANS

Secured loans includes Car loans from banks outstanding as on 31st March 2010 Rs.302,593/-(secured by the hypothecation of vehicles as per the Hire purchase agreement and the company holds the ownership on the car subject to the Hire Purchase Agreement).

2. SEGMENT REPORTING

As per guiding principles of AS - 17, "Segment Reporting", the company is engaged in only Primary segment of Laboratory Chemicals Since the company operates in a single business segment, disclosure requirements are not applicable. The company primarily caters to the domestic market and export sales do not form significant part of Total Turnover and hence the information required for the Secondary segment has not been furnished.

3. The company has incurred cash losses during the year. The total liabilities exceed total assets as at 31st March 2010. However, the management is confident of expanding business and earning profits in the future. The management have business plans to infuse funds for the needs as required and hence the “Going Concern” principle is not affected.

4. RELATED PARTY DISCLOSURE I. List of Related Parties.

Related Parties with whom transactions have taken place during the year. (a) Key Managerial Personnel / Individual Relatives.

1. G M S Narayanan - Whole time Director.

2. K Vasudevan - Whole time Director

3. V Balakrishnan - Director

4. Mrs. Bhaghirathi - Wfe of Whole Time Director

5. Mrs. Sasikala - Wfe of Whole Time Director

5. During the year the following transactions were carried out with related parties in the ordinary course of business:

6. The Company has not received information fromvendors regarding their status under Mcro, small and Medium Enterprises Development Act, 2006 and hence disclosure relating to amounts unpaid as at year-end together with interest paid/payable under this account have not been given.

7. In the opinion of the Board of Directors, loans, debtors and other current assets are of the value stated in the Balance Sheet, to be realized in the normal course of business and provision for all known liabilities have been made which are adequate.

8. The management of the company has during the year carried out technical evaluation for identification of impairment of assets, if any in accordance with Accounting Standard (AS) 28. Based on the judgment of the management and as certified by the directors, no provision for impairment of assets is considered necessary in respect of any assets of the company.

9. (a) Confirmation of balances from Sundry Debtors, Sundry Creditors, Unsecured Loans, Loans & Advances, Deposits and Other Current Assets are yet to be received / reconciled and in the opinion of management, the impact such non-receipt/non recon- ciliation is not material.

(b) The company has to appoint a company secretary as required under section 383A of the Companies Act, 1956 pending which the company has obtained a secretarial compliance certificate from a Company Secretary in whole time practice.

10. Previous years figures which have been audited by another firm of Chartered Accountants have been regrouped wherever necessary to conform to this years classification.