Jay Kailash Namkeen Ltd. के अकाउंट के लिये नोट

Mar 31, 2024

xii. Provision’s, Contingent Liabilities and Contingent Assets

The Company recognizes as provisions, the liabilities being present obligation arising out of past events, the settlement of which is expected to result in an outflow of resources which can be measure only by using a substantial degree of estimation.

Contingent liabilities are disclosed by way of notes to the financial statements after careful evaluation by the management of the facts and the legal aspects of the matter involved.

Contingent assets are neither recognized nor disclosed.

xiii. Cash Flow Statement

The Cash Flow Statement is prepared by the indirect method set out in Accounting Standard 3 on Cash Flow Statements and presents the cash flows by operating, investing and financing activities of the Company.

Cash and Cash equivalents presented in the Cash Flow Statement consist of cash on hand and unencumbered bank balances.

Notes

1 Debt = Non-current borrowings Current borrowings

2 Net worth = Paid-up share capital Reserves created out of profit Security premium -Accumulated losses

3 Cost of goods sold = Cost of materials consumed Purchase of stock-in-trade Changes in inventories of finished goods, stock-in-trade and work-in progress

4 Purchase = Purchase of stock-in-trade Purchase of Raw Material and packing material

5 Working Capital = Current assets - Current liabilities

6 EBIT = Earnings before Interest, tax and exceptional items

7 Capital employed = Total equity Non-current Liabilities

27. The Company is engaged into business of manufacturing of packaged snacks and the company’s business falls within a single business segment of packaged snacks. Therefore disclosures under Accounting Standard 17- Segment Reporting are not reported separately.

28. Contingent liabilities not provided for - Nil

29. The Company is in the process of filing Draft Red Herring Prospectus with Bombay Stock Exchange.

30. The Company has received the post-dated cheque (“PDC”) amounting to Rs. 66.28 Lakhs, however, the amount could not be collected for those PDCs hence, the Company is in the process of taking appropriate actions for the recovery from those parties.

31. As per Annexure No. 14, The Company has provided the advances for various parties for supply of goods and services amounting to Rs. 299.90 Lakhs and the Company expect the delivery by 30^th Sept., 2024 and the Company does not expect any concerns about the recoverability/settlement of this advances.

32. The management has physically verified the detailed inventory on dated 31^st March,

2024 and no material discrepancy has been observed.

33. The Self-Assessment tax of Rs.31.31 Lakhs and TDS of Quarter 4 of Rs.7.34 Lakhs are outstanding as on 30^th May, 2024.

34. Previous year’s figures have been regrouped /reclassified wherever necessary to correspond with the current year’s classification/disclosures.

35. Sundry Debtor and Creditors Balances are subject to confirmation, adjustments if any, will be made in the accounts on receipt of such confirmation.

For Kumbhat & Co. For and on the behalf of the Board of Directors

Chartered Acc^ntente jay Kailash Namkeen Limited

FRN: 001609S

Gaurang Unadkat Neel Pujara Tulsi Pujara

Partner Managing Director Executive Director & CFO

Membership No. : 131708 DIN: 09221477 DIN: 09560733

Rituraj Solanki Anushree Vijay

CEO Company Secretary

Place:- Rajkot Place:- Rajkot

Date:- May 30, 2024 Date:- May 30, 2024