Jigar Cables Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

m Provisions, Contingent liabilities and Contingent assets

A provision is recognised 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. Provisions (excluding
retirement benefits and compensated absences) 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 liabilities are not recognised in the financial statements. A contingent asset is
neither recognised nor disclosed in the financial statements.

(ii) Rights, preferences and restrictions attached to shares

Equity Shares: The Company has one class of equity shares. Each shareholder is eligible for one vote per share held. The dividend proposed by
the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend.
In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all
preferential amounts, in proportion to their shareholding.

Reasons for Variances

(a) Current Ratio : The ratio has improved owing to reduction of the current liabilities owing to better cash management practices adopted
during the year

(b) Debt-Equity Ratio : The ratio has improved owing to reduction in overall borrowings and increment in shareholder funds

(c) Debt Service Coverage Ratio : The ratio has improved owing the higher net profits earned during the year leading to better cover for debt
services

(d) Return on Equity : The ratio has improved owing to higher profit during the year.

(e) Inventory Turnover Ratio : Increase in ratio due to significant increase in sales and reduction in holding value of inventory

(f) Trade Receivables Turnover Ratio : The ratio has improved owing to large increase in the sales during the year.

(g) Trade Payables Turnover Ratio : The ratio has increase due to increase in business volume for the year and reduction in levels of payables
due to better cash management practices for the year.

(h) Net Capital Turnover Ratio : The ratio has increased owing to higher turnover for the year and improved working capital for the year

(i) Net Profit Ratio : The ratio has reduced due to larger increase in turnover which was achieved for new contracts entered during the year.

(j) Return on Capital Employed : Increase in ratio due to EBIT grew significantly while capital employed remained steady.

39 Other Statutory Disclosures as per the Companies Act, 2013

1. The company has not granted any Loans or Advances in the nature of loans to promoters, Directors, KMPs or the related parties (as defined
under Companies Act, 2013,) either severally or jointly with any other person, repayable on demand or without specifying any terms or period
of repayment.

2. The company does not have any benami property, where any proceeding has been initiated or pending against the Company for holding any
benami property.

3. The company is not declared wilful defaulter by any bank or financials institution or lender during the year.

4. The company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of
Companies Act, 1956.

5. The company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies (ROC) beyond the
statutory period except one charge of term loan taken by both the company. But, the procedure of registration was started by executing the
the supplimentory deed before the date of audit report.

6. The company has compiled with the number of layers prescribed under clause (87) of section 2 of the Companies Act 2013 read with
Companies (Restrictions on number of Layers) Rules, 2017.

7. There are no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013

8. The company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries)
with the understanding that the Intermediary shall:

a. 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

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

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 to or on behalf of the ultimate beneficiaries.

10. 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 (such as, search or survey or any other relevant provisions of
the Income Tax Act, 1961).

11. The company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

12. As per the information and explanation given to us, the records examined by us and based on the examination of the conveyance deeds/
registered sale deed provided to us We report that the title deeds comprising all the Immovable Properties of building which are freehold and
are held in the name of the the group as at the Balance Sheet date.

13. The company has not revalued its Property, Plant and Equipments during the year.

14. The company does not have any Capital Work in Progress Account as at the Balance Sheet Date.

15. The company does not have any Intangible Assets under development as at the Balance Sheet Date.

16. The company does not fall under the ambit of section 135 of the Companies Act. 2013 and accordingly Company has not framed any CSR
Committee and CSR Policy.

40 Regrouping

The Corresponding figures of the previous year''s have been regrouped/rearranged, whenever required.

As per our report of even date For and on behalf of the Board of

For Rushabh R Shah and Co JIGAR CABLES LIMITED

Chartered Accountants
Firm''s Registration No. 156419W

Sangita Vaghasiya Ramnikbhai Vaghasiya

Managing Director Whole Time Director

DPIN:06910845 DPIN:06965718

Rushabh Shah Monika Tyagi Akshay Vaghasiya

Proprietor Company Secretary Chief Financial Officers

Membership No. 607585 M.No.: ACS67951 PAN: BQCPV1913L

UDIN: 25607585BMKPMP8110

Place: Rajkot Place: Gondal

Date: 22 May, 2025 Date: 22 May, 2025

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Mar 31, 2024

l Provisions, Contingent liabilities and Contingent assets

A provision is recognised in the books of accounts 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. Provisions (excluding retirement benefits and compensated absences) are not discounted to its present value and are determined based on the best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheetdate and adjusted to reflectthe current best estimates. Contingent liabilities are recognised in the financial statements unless the possibility of outflow of resources is remote. A contingent asset is neither recognised nor disclosed in the financial statements.

m Cash Flow Statement

Cash Flows are presented using indirect method, whereby profit/(loss) before extra-ordinary items and tax is adjusted for the effects of transactions of non -cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flow from operating, investing and financing activities of the company is segregated based on the available information.

The Company considers all highly liquid financial instruments, which are readily convertible into known amount ofcash thatare subjecttoan insignificant risk of change in value and having original maturities of three months or less from the date of purchase, to be cash equivalents.

n Contingent and Event occurring after the Balance sheet date

There are no contingents liabilities, other than specified, as on the balance sheet date and no events occurredafter the balance sheet date which materially affect the amount of assets or liabilities as on the date of Balance sheet as well as the revenue and expenses for the reporting period.

o Net profit or loss for the period, prior period items and changes in Accounting policies Prior period debits included in Profit & Loss account Nil

Prior period credits included in Profit & Loss account Nil

There are no changes in accounting policies.

p Government Grants

Revenue related grants are recognized on accrual basis wherever there is reasonable certainty and are disclosed under other income. Receivables of such grants are shown under Other Current Assets, if any.

Export benefits are accounted in the year of exports based on eligibility and when there is no uncertainty in receiving the same. Receivables of such export benefits are shown under Other Current Assets.

Capital grants are accounted as Capital Subsidy and adjusted against the cost of Fixed Assets in the year of receipt, if any. q Employee Benefits

Retirement benefit in the form of provident fund is a defined contribution scheme. The company has no obligation, other than the contribution payable to the Provident fund. The company recognizes the contributions payable to the provident fund schemes as an expenditure, when an employee renders the related services. The company has no defined benefit plans for its employee''s gratuity. The Provision for gratuity is determined on the basis of estimate of the management. No actuarial valuation is carried out for the plan using the projected unit credit method.

The company has not recognized any Leave Encashment Liability and no provision for leave encashment is accounted / provided for the reporting as well as earlier period.

r Borrowing Costs

Borrowing Costs includes interest and ancillary costs incurred in connection with the arrangement of borrowing and foreign exchange differences arising from foreign currency borrowings to the extent they are regarded as an adjustment to the interest costs. Borrowing Costs directly attributable to the Construction of an asset that necessarily take a substantial period of time to get ready for its intended use are capitalized as part of the cost of the respective asset. All of these borrowing costs are expensed in the period they are incurred.

s Earnings per Share

Basic earnings per share is calculated by dividing the net profit/loss for the year attributable to the equity shareholders (after deducting preference dividends and attributable taxes, if any by weighted average number of equity shares outstanding during the year. shareholders (after deducting preference dividends and attributable taxes, if any by weighted average number of equity shares outstanding during the year.

t Segment Reporting

The Company is engaged in manufacturing of electric cables and wires which is the primary business segment. Further, during the year, the company has carried out trading activity of solar panel and equipment. The Company has not classified its operations into different segment as per Accounting Standard 17 due to difficulties in classifying its income, expenses, assets and liabilities into such segments.

u Notes to Financial statements

Credit and debit balances of sundry Creditors, Sundry Debtors, Loans and Advances are subject to confirmation and therefore the effect of the same on profit could not be ascertained.

The previous year''s figures have been regrouped/ reclassified, wherever necessary to conform to the current year presentation.

As per our report of even date

For Rushabh R Shah and Co For and on behalf of the Board of

Chartered Accountants JIGAR CABLES LIMITED

Firm''s Registration No. 156419W

Sangita Vaghasiya imnikbhai Vaghasiya

Managing Director Whole Time Director

DIN:06910845 DIN:06965718

Rushabh Shah Priyanka K. Akshay Vaghasiya

Marvania

Proprietor Company Secretary Chief Financial

Officer

Membership No. 607585 M No. : A58477 PAN: BQCPV1913L

UDIN: 24607585BKDFNJ1433

Place: Rajkot Place: Gondal

Date: 23 May 2024 Date: 23 May 2024

1. Secured byway of hypothecation of the firms entire stocks of and such other movables including book-debts, bills whether documentary or clean, outstanding monies, receivables, both present and future, in a form and manner satisfactory to the Bank.(For OD Facility).

2. Secured byway of equitable mortgage, in a form and manner satisfactory to the Bank, on the property no.1 having aggregate value of Rs.69.09 Million being used as Industrial Property.

3. Secured by way of hypothecation on all the firms movable fixed assets, both present and future, save and except vehicles and other assets specifically financed by other financiers. (For Term Loan)

4. Two Recourse Cheques in favor of ICICI Bank Limited, from M/s.Jigar Cables Ltd and Jigar Polymer Limited ,One for total facility amount and one for two quarters interest assuming full utilization- (For OD facility).

Two Recourse Cheques in favor of ICICI Bank Limited, from M/s.Jigar Cables Ltd and Jigar Polymer Limited, One for total facility amount and one for two quarters interest assuming full utilization- (For LC facility)

5. Two Recourse Cheques in favor of ICICI Bank Limited,From M/s.Jigar Cables Ltd and Jigar Polymer Limitedm, One for total facility amountand one for two quarters interest assuming full utilization- (For TL facility)

6. Unconditional and irrevocable personal guarantees of:

Mr Arvind Vaghasiya residing at 11,Arihant Society,Iyyer Bunglow,Thiruppalai,Ma Reserves Lines,Madurai,Tamil Nadu having personal networth of Rs.1.00 Mn as on 31st March 2021.

Mrs Sangeeta Vaghasiya residing at MATRU ASHISH,, SANJAY SOCIETY, JETPUR ROAD, Rajkot-360311 having personal networth of Rs.1.0 Mn as on 31st March 2021.

Mr. Ramnik Vaghasiya residing at FLAT NO. B 202, SHANTINIKETAN AURAM, RUDA NAGAR-3, KALAWAD ROAD, Rajkot-360005 having personal networth of Rs.1.0 Mn as on 31st March 2021.

Mr. Parshotam Vaghasiya residing at DEVLA, DEVLA,Rajkot-364485 having personal networth of Rs.1.0 Mn as on 31st March 2021

Mr. Nitesh Vaghasiya residing at MATRU ASHISH,, SANJAY SOCIETY, JETPUR ROAD, Raj''kot-360311 having personal networth of Rs.1.0 Mn as on 31st

March 2021.

Nitesh Vaghasiya-HUF residingat MATRU ASHISH,, SANJAY SOCIETY, JETPUR ROAD, Rajkot-360311A having personal networth of Rs.1.0 Mn as on 31st March 2021.

7. Secured by Unconditional and irrevocable Corporate guarantees of Jigar Polymer Ltd for the borrowings by Jigar Cables Limited and Secured by Unconditional and irrevocable Corporate guarantees of Jigar Cables Ltd for the borrowings by JigarPolymer Limited , both operating from Gondal.

(a) Current Ratio: The ratio has improved due to increase in total current asset and decrease in total current liability.

(b) Debt-Equity Ratio: The ratio has changed due to decrease in company''s debt and increase in shareholders''s equity.

(c) Debt Service Coverage Ratio: This ratio has increased due to improvement in profit amount in current year and reduction in borrowings

(e)Inventory turnover ratio: The ratio has increased due to turnover of current year.

(g)Trade payables turnover ratio: The ratio has increased due to lower credit cycles for the year and increase in total purchases.

(i)Net Profit ratio: The ratio has decreased due to increment in turnover at reduced margins during the year (k) Return on investment: The ratio has decrease due to change in return on investment income.

37 Other Statutory Disclosures as per the Companies Act, 2013

1. The company has not granted any Loans or Advances in the nature of loans to promoters, Directors, KMPs or the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, repayable on demand or without specifying any terms or period of repayment.

2. The company does not have any benami property, where any proceeding has been initiated or pending against the Company for holding any benami property.

3. The company is not declared wilful defaulter by any bank or financials institution or lender during the year.

4. The company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

5. The company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies (ROC) beyond the statutory period except one charge of term loan taken by both the company. But, the procedure of registration was started by executing the the supplimentory deed before the date of audit report.

6. The company has compiled with the number of layers prescribed under clause (87) of section 2 of the Companies Act 2013 read with Companies (Restrictions on number of Layers) Rules, 2017.

7. There are no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013

8. The company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

a. 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

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

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 has provided guarantee for the fund received by its subsidiary. i.e. Jigar Polymer Limited for Rs. 69,31,667.

10. 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 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

11. The company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

12. As per the information and explanation given to us, the records examined by us and based on the examination of the conveyance deeds/ registered sale deed provided to us We report that the title deeds comprising all the Immovable Properties of building which are freehold and are held in the name of the the company as at the Balance Sheet date.

13. The company has not revalued its Property, Plant and Equipments during the year.

14. The company does not have any Capital Work in Progress Account as at the Balance Sheet Date.

15. The company does not have any Intangible Assets under development as at the Balance Sheet Date.

16. The company does not fall under the ambit of section 135 of the Companies Act. 2013 and accordingly Company has not framed any CSR Committee and CSR Policy.

38 Regrouping

The Corresponding figures of the previous year''s have been regrouped/rearranged, whenever required.

As per our report of even date

For Rushabh R Shah and Co For and on behalf of the Board of

Chartered Accountants JIGAR CABLES LIMITED

Firm''s Registration No. 156419W

Sangita Vaghasiya Ramnikbhai

Vaghasiya

Managing Director Whole Time Director

DIN:06910845 DIN:06965718

Rushabh Shah

Proprietor Priyanka K. Akshay Vaghasiya

Marvania

Membership No. 607585 Company Secretary Chief Financial

M No. : A58477 PAN: BQCPV1913L

UDIN: 24607585BKDFNJ1433

Place: Rajkot Place: Gondal

Date: 23 May 2024 Date: 23 May 2024

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Mar 31, 2018

Corporate Information

Jigar Cables Limited was originally formed and registered as a partnership firm under the Partnership Act, 1932 (-Partnership Act) in the name and style of “M/s. Jigar Industries” Pursuant to a deed of partnership dated September 05, 1997. The name was changed to M/s Jigar Cables from M/s Jigar Industries Pursuant to Partnership deed dated 01.01.2017. Thereafter, Jigar Cables was converted form a partnership firm to a public limited company under part 1 of chapter XXI of the companies Act 2013 with the name of “Jigar Cables Limited” whereby the partners of the partnership firm became shareholders with the shareholdings as agreed amongst the partners and received a fresh certificate of incorporation from the Registrar of companies, central Registration Centre on February 07, 2017 Hence, The First Financial year 2016-17 is for a period of 53 days (starting from February 07, 2017 to March 31, 2017) and Financial year 2017-18 is a full Operative year for the company.

The Company is engaged mainly in the business of Manufacturing and Sale of Electric wires and cables as Strategic activity. The Company derives Interest Income and Rental Income which is noncore and non-strategic in nature.

(a) Terms/Rights attached to equity shares

During the year, the company has allotted 18,64,000 shares on 28/07/2017 through Initial Public Offering (IPO) process each having face value Rs. 10 per share at a security premium of Rs. 20 per share.

The company has also allotted 6,68,000 shares on 17/05/2017 through Preferential Allotment process each having face value Rs. 10 per share at a security premium of Rs. 20 per share.

The Company has only one class of equity shares having face value of each share Rs. 10. The Equity share Holder is entitled to Cast one Vote

Per Share.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by shareholders.

C) Statement showing shareholders holding more than 5 per cent shares in the company

2 - DEFERRED TAX ASSETS / LIABILITIES

Provision for current tax is made after taking into consideration benefits admissible under the provisions of the Income-tax Act, 1961. Deferred tax resulting from “timing differences” between taxable and accounting income is accounted for using the tax rate and laws that are enacted or substantively enacted as on the balance sheet date. The deferred tax asset is recognized and carried forward only to the extent that there is a virtual certainty that the asset will be realized in future.

In compliance with Accounting Standard - 22 (AS - 22) on “Accounting for Taxes on Income’’ issued by the Institute of Chartered Accountants of India, Net Deferred Tax assets of Rs.45,492/- is recognized during the year.

Cash Credit:-

I. Primary Security:

Cash Credit: First hypothecation charge on entire current assets of the company (both present & future).

II. | It is repayable on demand

Unsecured Loans - Promoters Group

I. It is repayable on demand

II. | No Interest is paid on unsecured Loans