Gujarat Toolroom Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

Additional regulatory information

(a) Details of crypto currency or virtual currency

The Company has neither traded nor invested in Crypto currency or Virtual Currency for the year ended March 31, 2025 & 2 024. Further, the Company has also not received any deposits or advances from any person for the purpose of trading or investing in Crypto Currency or Virtual Currency.

(b) Compliance with approved scheme of arrangements

The Company is not engaged in any scheme of arrangements.

(c) Undisclosed income

During the Periods, the Company has not surrendered or disclosed as income any transactions not recorded in the books of accounts in the course of tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

(d) Relationship with struck off companies

The Company does not have any transactions with the companies struck off under section 248 of the Companies Act, 2013 or section 560 of the

Companies Act, 1956 for the year ended March 31, 2025 & 2 024.

(e) Compliance with numbers of layers of companies

The provisions of Clause 87 of Section 2 of the Companies Act, 2013, read with the Companies (Restriction on Number of Layers) Rules, 2017, are not applicable to the Company.

(f) Utilisation of borrowed funds and share premium

During the year ended March 31, 2025 & 2024, the Company has not advanced or Loans or invested funds (either borrowed funds or share premium or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall:

i) 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

ii) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

During the year ended March 31, 2025 & 2024, 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:

i) 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

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

(g) The Company has not been declared Wilful Defaulter by any bank or financial institution or government or any government authority.

(h) No proceeding have been initiated nor pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act,1988 (45 of 1988) and rules made thereunder.

(i) Fair value measurement

Fair value measurements are categorised into three levels in a fair value hierarchy based on the inputs used in the valuation techniques, as follows: Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company can access at the measurement date.

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 asset or liability that are not based on observable market data (unobservable inputs).

(j) Audit Trail

The Company has used accounting software for maintaining its books of account; however, the software does not have a feature of recording an audit trail (edit log) as required under Rule 3(1) of the Companies (Accounts) Rules, 2014, as amended. Accordingly, the audit trail (edit log) of all transactions, including any modifications or deletions, was not maintained throughout the financial year ended March 31, 2025. However, The Company is in the process of evaluating and implementing suitable accounting software which will have the required audit trail (edit log) functionality.

(k) Market Risk

Market risk is the risk of loss of future earnings, volatility of future cash flows and fluctuations in fair value of financial assets. The fair value of a financial asset may fluctuate because of changes in interest rates, foreign currency exchange rates, equity prices and other market changes that affect market risk sensitive instruments. Market risk is attributable to all market risk sensitive financial instruments.

(l) Foreign currency risk:

The Company is exposed to foreign currency risk arising mainly from its imports in foreign currencies. Fluctuations in exchange rates between the functional currency (INR) and foreign currencies such as USD may impact the Company''s financial results.

Risk Management / Mitigation:

The Company manages its foreign currency risk through:

1. Continuous monitoring of foreign exchange rate movements,

2. Natural hedging by matching payables in the same currency to the extent possible,

3. Regular review of open foreign currency exposures by management.

The Company''s exposure to foreign currency risk is limited to the extent of the net open positions in foreign currency at the reporting date.

(m) Commodity Price risk

The Company is exposed to fluctuations in the prices of various commodities including construction materials (such as steel), rough diamonds, gold and agricultural products (such as bajra, castor seed, and other agro commodities). Prices of these commodities are affected by multiple factors such as global demand-supply dynamics, seasonal variations in agricultural output, exchange rate fluctuations, international market conditions, and changes in government policies and regulations.

Such volatility in commodity prices may have a significant impact on the Company''s revenues, cost of sales, and margins.

The Company manages its commodity price risk through the following measures:

1. Diversification of its product portfolio across different commodities,

2. Maintaining adequate inventory to reduce the impact of short-term volatility,

3. Continuous monitoring of domestic and international commodity markets, and

4. Developing long-term relationships with suppliers to ensure price stability.

The Company''s exposure to commodity price risk is primarily with respect to its procurement and trading activities in the above-mentioned commodities.

(n) Liquidity risk

The Company manages its liquidity risk by maintaining adequate cash and bank balances, ensuring availability of funding through committed credit lines, and actively monitoring its operational cash flows. Based on our audit procedures and the information reviewed, we are of the opinion that the Company has sufficient liquidity as at March 31, 2 025 to meet its financial obligations as and when they fall due.

(o) Subsequent events

No material events have occurred after the reporting date that would require disclosure or adjustment in the financial statements for the year ended March 31, 2025.

(p) Segment Reporting

The Company is engaged in multiple business activities and operates in more than one reportable segment. The Company prepares separate financial statements as well consolidated financial and hence segment reporting as required under Ind AS 108 - ''Operating Segment'' has been given in consolidated financial statements. Hence, no separate disclosure of segment reporting is required.

(q) Contingent Liability

The Company does not have any contingent liabilities as at March 31, 2 025 (Previous year: Nil).

(r) Deferred Tax Asset : [IND AS-22]

The company has created Deferred Tax Asset as required by Indian Accounting Standards (IND AS) - 22.

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Mar 31, 2024

Terms / Rights attached to Equity Shares_

The company has only one class of equity share having par value of Rs.l per share. Each holder of the equity share is entilted to one vote per share. Whenever the company declares dividend it will be paid In Indian Rupees.All the shares are held by the Public.

In the event of liquidation of the Company, the holders of Equity Shares will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts. However, no such preferential amounts exist curently. The distribution will be in proportion to the number of Equity Shares held by the Shareholders.

Contingent Liabilities and Commitments Note. - 20
(i) Contingent liabilities :
(a) Claims against the compnay not acknowledged as debt	*	-
(b) Guarantees excluding financial gurantees	-	-
(c) Other money for which the company Is contingently liable	-	-
(ii) Commitments :
(a) Estimated amount of contracts remaining to be executed on capita!	-	-
(b) Uncalled liability on shares and other investment partly paid	-	-
(c) Other (specify nature)

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Mar 31, 2014

A. Terms / rights attached to equity shares

The company has only one class of Equity Shares having a par value of Rs.10 per share. Each Shareholder is entitled to one per share. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining asset of the company, after distributors of all preferential amounts. the distribution will be in proportion to the number of equity share held by the shareholders.

As per the information available with the management, non of the shareholders hold more than 5% share in the company as on 31st March 2014

The amount payable to Micro and Small Medium Enterprises as on the Balance Sheet date is not determined as such parties are not identified as no information is availble with the company. The creditors balance for whom confirmation has not been received are subject to confirmation and reconcilliation.

In accordance with the Accounting Standard 22, the net deferred tax assets of Rs. 4327464/- (Previous Year Rs. 2846517/-) has not been recognised because there is no reasonable certainty as to when the assets can be realised.

2 Contingent Liabilities & Commitments Amt in Rs.

As at As at 31/Mar/2014 31/Mar/2013

Contingent Liabilities, to the extent not provided for Commitments - -

Estimated amount of contracts remaining to be executed on capital accounts (net of advances)

3 Related Parties

Holding Company : Nil

Subsidiary Company : Nil

Associates (with transactions during the year) : Parikh Developers

Key Management Personnel : Mr. Suryakant H Parikh

Mr. Bhavin Suryakant Parikh

4 Other Disclosures

(a) In the opinion of the management and to the best of their knowledge and belief, the value under the head of Current and Non-Current Assets (other than Fixed Assets and Non-Current Investments) are approximately of the value stated, if realised in ordinary course of business, except unless stated otherwise. The provision for all the known liabilities is adequate and not in excess of amount considered reasonably necessary.

(b) The company has accumulated losses of Rs. 2,63,86,837/- (PY Rs. 2,11,65,186/- ) as at the balance sheet date. Additionally, the management has disposed off all the fixed assets and inventories of the company. Considering the change in the object clause done by the company by passing a special resolution dt. 30th June 2011, the management is working on other avenues of business in the field of real estate. Accordingly, these financial statements have been prepared assuming that the Company will continue as a going concern.

5 Opening balances have been taken as per the financial statements as audited by the previous auditor.

6 Previous Year Comparatives

Previous year''s figures have been recast, regrouped and rearranged, wherever necessary to conform to this year''s classification. Further, the figures have been rounded off to the nearerst rupee.

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Mar 31, 2013

CORPORATE INFORMATION :

Gujarat Tool Room Limited (''GTL'' or ''the Company''), was originally incorporated as Private Limited Company on 25/03/ 1983 with the Registrar of Companies, Gujarat and consequently converted in to Limited company with effect from 11/09/1991. The Company is a listed Company and its equity shares are presently listed at Bombay Stock Exchange Ltd. and Ahmedabad Stock Exchange Ltd.

BASIS OF PREPARATION

The financial statements have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP). The Company has prepared these financial statements to comply in all material respects with the Accounting Standards, notified by the Companies Accounting Standards Rules, 2006 (as amended) and the relevant provisions of the Companies Act, 1956. The financial statements have been prepared on an accrual basis and under the historical cost convention except in case of assets for which provision for impairment is made and revaluation is carried out.

The accounting policies have been consistently applied by the Company and are consistent with those used in the previous year.

01. In the opinion of the Board of Directors, Current Assets, Loans & Advances are realizable in the ordinary course of business, at the value at which they are stated.

02. Balance of Sundry creditors, and, loans and advances are subject to confirmation.

03. The audit has been carried out on the basis of the fresh computerized output reconciled.

04. In absence of the identification by the company of Micro, Small and Medium Enterprise (MSME) parties from whom the company has procured the goods. We are unable to categorize the over dues above 45 days to and interest payments outstanding to MSME as on the date of balance sheet.

05. We have verified the vouchers and documentary evidences wherever made available. Where no documentary evidences were available, we relied on the authentication given by the management.

06. DISCLOSURES:

07. Accounting for taxes of Income:

(a) The Provision for current taxes has been made in the account on the income computed as per the provisions of Income Tax Act, 1961.

08. Related Party Disclosures :

During the year the company has not entered into transaction with the related parties.

09. Segmentation Reporting:

During the year company is dealing in single segments that is Mould hence disclosure of segment information in pursuance to accounting Standard No.17 issued by ICAI is as not applicable

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Mar 31, 2012

01. The contingent liabilities outstanding as on the date of balance Sheet NIL

02. In the opinion of the Board of Directors, Current Assets, Loans & Advances are realizable in the ordinary course of business, at the value at which they are stated.

03. The audit has been carried out on the basis of the fresh computerized output reconciled.

04. The financial statements for the year ended 31st March 2011 had been prepared as per the old schedule VI to the Companies Act 1956, Consequent to the notification No.538 date 30/03/2011 the financial statements for the year ended 31st March, 2012 are prepared under revised Schedule-VI. Accordingly, the previous year figures have also been reclassified to confirm to this year's classification.

05. We have verified the vouchers and documentary evidences wherever made available. Where no documentary evidences were available, we relied on the authentication given by the management.

06. DISCLOSURES:

07. Accounting for taxes of Income:

(a) Deferred Tax Assets is not recognized as there is no reasonable certainty that they will be realized.

(b) The Provision for current taxes has not been made in the account on the income computed as per the provisions of Income Tax Act, 1961.

08 Earning per share (As-20) :

(a) The amount used as the numerator in calculating basic and diluted earnings per share is the loss after depreciations & taxation i.e. Rs. 397359/-

(b) The number of ordinary shares used as the denominator in calculating basic and diluted EPS 3476800/-

09. Related Party Disclosures :

During the year the company has not entered into any transaction with the related parties. Those transactions along with related balances as at 31st March, 2012 and for the year ended are presented as NIL..

10. As per Accounting Standard (AS-28) impairment of assets the company has carried the impairment test during the year . resultant it is found that there is no material impairment loss in the carried cost in the assets in the books. The recoverable amount is not material lower than the carrying amount in the accounts hence the same is not considered.

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Mar 31, 2010

01. Inventory is based upon physical verification by the management. The quantities of inventory are taken on the basis of detailed work out from the bills and the stock records maintained by the company.

02. In the opinion of the Board of Directors, Current Assets, Loans & Advances are realizable in the ordinary course of business, at the value at which they are stated.

03. Balance of Sundry creditors, debtors, loans and advances are subject to confirmation.

04. The audit has been carried out on the basis of the fresh computerized output reconciled.

05. Figures of the previous year have been regrouped / rearranged wherever necessary to confirm to current periods classification.

06. Schedules "A to P" form an integral part of the Balance Sheets as at 31st March, 2010 and the Profif & Loss Account for the year ended on that date.

07. We are unable to categorize the dues to Small Scale Industries (SSI) separately due to lack of information regard to the status of the creditors for goods outstanding above 30 days as on the balance sheet date.

08. We have verified the vouchers and documentary evidences wherever made available. Where no documentary evidences were available, we relied on the authentication given by the management.

09. Balance Sheet Abstract and companys general business profile as per the annexure.

10. Additional information pursuant to provisions of paragraphs 4C and 4D of part II of Schedule VI to the companies Act, 1956 (Information given to the extent applicable)

11. Details of Directors Remuneration: NIL

12. Computation of profit in accordance with section 349 of the Companies Act,1956 for the purpose of section 198 of the said Act is not applicable since no remuneration given to the directors.

13. The prior period expenses includes the sales tax difference of earlier years paid during the year for the accounting years 2004-05 and 2005-06.

14. DISCLOSURES:

01. Accounting for taxes of Income:

(a) Deferred Tax Assets is not recognized as there is no reasonable certainty that they will be realized.

(b) The Provision for current taxes has not been made in the account on the income computed as per the provisions of Income Tax Act, 1961.

02. Earning per share [As-20] :

(a) The amount used as the numerator in calculating basic and diluted earnings per share is the loss after depreciations i.e.Rs.219613/-

(b) The number of ordinary shares used as the denominator in calculating basic and diluted EPS 3476800.

03. Related Party Disclosures :

During the year the company has not entered into any transaction with the related parties. Those transactions along with related balances as at 31st March, 2010 and for the year ended are presented as NIL.

04. As per Accounting Standard (AS-28) impairment of assets the company has carried the impairment test during the year, resultant it is found that there is no material impairment loss in the carried cost in the assets in the books. The recoverable amount is not material lower than the carrying amount in the accounts hence the same is not considered.