Kabra Drugs Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

2.13 Provisions, contingent liabilities and contingent assets
Provisions are recognised only when:

i) the Company has a present obligation (legal or constructive) as a result of a past event; and

ii) it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and

iii) a reliable estimate can be made of the amount of the obligation.

Provision is measured using the cash flows estimated to settle the present obligation and when the effect of time value of money is material, the carrying amount of the
provision is the present value of those cash flows. Reimbursement expected in respect of expenditure required to settle a provision is recognised only when it is virtually
certain that the reimbursement will be received.

Contingent liability is disclosed in case of:

i) a possible obligation arising from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future
events not wholly within the control of the entity; or

ii) a present obligation arising from past events where:

a) it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or

b) the amount of the obligation cannot be measured with sufficient reliability.

Contingent assets are disclosed where an inflow of economic benefits is probable.

Provisions, contingent liabilities and contingent assets are reviewed at each Balance Sheet date.

Where the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be received under such contract, the present
obligation under the contract is recognised and measured as a provision.

2.14 Commitments

Commitments are future liabilities for contractual expenditure, classified and disclosed as follows:

i) estimated amount of contracts remaining to be executed on capital account and not provided for;

ii) uncalled liability on shares and other investments partly paid;

iii) funding related commitment to subsidiary, associate and joint venture companies; and

iv) other non-cancellable commitments, if any, to the extent they are considered material and relevant in the opinion of management.

Other commitments related to sales/procurements made in the normal course of business are not disclosed to avoid excessive details.

2.15 Operating cycle for current and non-current classification

The Company presents assets and liabilities in the balance sheet based on current/ non-current classification. An asset is treated as current when it is:

i) Expected to be realised or intended to be sold or consumed in normal operating cycle

ii) Held primarily for the purpose of trading

iii) Expected to be realised within twelve months after the reporting period, or

iv) Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period Current assets include
the current portion of non-current assets. All other assets are classified as non-current.

A liability is current when:

i) It is expected to be settled in normal operating cycle

ii) It is held primarily for the purpose of trading

iii) It is due to be settled within twelve months after the reporting period, or

iv) There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period.

Current liabilities include the current portion of long-term liabilities. The Company classifies all other liabilities as noncurrent.

Deferred tax assets and liabilities are classified as non-current assets and liabilities.

The operating cycle is the time between the acquisition of assets for processing and their realisation in cash and cash equivalents. The Company has identified twelve
months as its operating cycle.

2.16 Statement of Cash Flows

Statement of Cash Flows is prepared segregating the cash flows into operating, investing and financing activities. Cash flow from operating activities is reported using
indirect method, adjusting the profit before tax excluding exceptional items for the effects of:

i) changes during the period in inventories and operating receivables and payables;

ii) non-cash items such as depreciation, provisions, unrealised foreign currency gains and losses; and

iii) all other items for which the cash effects are investing or financing cash flows.

Cash and cash equivalents (including bank balances) shown in the Statement of Cash Flows exclude items which are not available for general use as at the date of Balance
Sheet.

2.17 Earnings per share

Basic earnings per share is computed using the net profit or loss after tax and weighted average number of shares outstanding during the year.

Diluted earnings per share is computed using the net profit or loss after tax and weighted average number of equity and potential equity shares outstanding during the year,
except where the result would be anti-dilutive.

The preparation of financial statements in conformity with Ind AS requires that the management of the Company makes estimates and assumptions that affect the reported
amounts of income and expenses of the period, the reported balances of assets and liabilities and the disclosures relating to contingent liabilities as of the date of the
financial statements. The estimates and underlying assumptions made by management are explained under respective policies. Revisions to accounting estimates include
useful lives of property, plant and equipment & intangible assets, allowance for expected credit loss, future obligations in respect of retirement benefit plans, expected cost
of completion of contracts, provision for rectification costs, fair value/recoverable amount measurement, etc. Difference, if any, between the actual results and estimates is
recognised in the period in which the results are known.

In the process of applying the Company’s accounting policies, management has made the following judgements, estimates and assumptions which have significant effect
on the amounts recognised in the financial statements.

(a) Defined Benefit Obligation: The cost and present obligation of Defined Benefit Gratuity Plan are determined using actuarial valuation. An actuarial valuation
involves making various assumptions that may differ from actual developments in the future. These include the determination of the discount rate, future salary increases
and mortality rates. Due to complexities involved in the valuation and its long term nature, a defined benefit obligation is highly sensitive to changes in these assumptions.
All assumptions are assumed at each reporting date.

(b) Fair Value measurement of Financial Instruments: When the fair values of financial assets and financial liabilities recorded in the Balance Sheet cannot be
measured based on quoted prices in active markets, their fair value is measured using appropriate valuation techniques and their transaction value is treated as Fair Value.

(c) Taxes: Deferred tax, subject to the consideration of prudence, is recognised on temporary differences between the carrying amount of the asset/liability as per Books of
accounts and the carrying amount of the asset/liability as per the income tax that originates in one period and are capable of reversal in one or more subsequent periods.
Deferred tax assets are recognised to the extent that there is reasonable certainty that sufficient future tax income will be available against which such deferred tax assets
can be realized. Deferred tax liability are recognised on the temporary difference that are allowed under the income tax.

(d) Discounting of lease payments and deposits: The lease payments and deposits are discounted using the interest rate implicit in the lease, if that rate can be readily
determined. If that rate cannot be readily determined, the Company uses applicable incremental borrowing rate i.e the market rate of interest the company would pay to
borrow the funds equivalent to the lease payments.

* The company has raised equity shares of 56,90,500 of Rs. 10 each through Preferential allotment of equity shares on 5th July 2024 and also raised equity shares of 1,36,28,750 of Rs. 10 each at a
premium of Rs. 6 each through Preferential allotment on 4th February 2025.

c. Terms/rights attached to equity share

Voting: Each holder of equity shares is entitled to one vote per share held.

Dividends: The Company has not distributed any dividend in the current year and previous year.

Liquidation: In the event of liquidation of the Company, the holders of equity shares shall be entitled to receive all of the remaining assets of the Company after distribution of all preferential amounts, if
any. Such distribution amounts will be in proportion to the number of equity shares held by the shareholders.

B. Gratuity And Other Post Employment Benefit Plans

Gratuity and other Post Employment Benefit Plans is not applicable to the company for the current year.

NOTE 25 : FAIR VALUE MEASUREMENT AND FINANCIAL INSTRUMENTS
A) Financial risk management objective and policies(continued)

The Company''s Board of Directors has overall responsibility for the establishment and oversight of the Company''s risk management framework. The Board of
Directors have authorised senior management to establish the processes and ensure control over risks through the mechanism of properly defined framework in line
with the businesses of the company.

The Company''s risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risks limits and controls, to
monitor risks and adherence to limits. Risk management policies are reviewed regularly to reflect changes in market conditions and the Company''s activities.

The Company has policies covering specific areas, such as interest rate risk, foreign currency risk, other price risk, credit risk, liquidity risk, and the use of
derivative and non-derivative financial instruments. Compliance with policies and exposure limits is reviewed on a continuous basis.

The Company has exposure to the following risks arising from financial instruments:

¦ Credit risk

¦ Market risk

¦ Liquidity risk

''Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises
principally from the Company’s receivables from customers.

The company''s credit risk primarily arises from Trade receivables and other financial assets viz. Security deposits, Interest accrued on FD. The company''s
maximum exposure to credit risk is limited to the carrying value of its financial assets at the reporting date.

Since the there is no sales for the company during the year, the company has minimal exposure to credit risk from customers. In future for any credit sales, robust
internal controls and credit policies are in place to mitigate potential risks. The company has a limited history of customer defaults, and the credit quality of its trade
receivables, particularly those that are not overdue, is considered strong. As a result, the company does not expect significant credit risk from non-performance by
its customers or counterparties.

(ii) Market risk

Market risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of
risk: interest rate risk, currency risk and other price risk, the Company does not exposure to Market risk at present . The objective of market risk management is to
manage and control market risk exposures within acceptable parameters, while optimising the return.

a. Currency risk

Currency risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The Company is not
exposed to the effects of fluctuation in the prevailing foreign currency exchange rates on its financial position and cash flows to the extent of earnings and expenses
in foreign currencies. The company has not enterede into any forex transactions.

b. Interest rate risk

Interest rate risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company is not
exposed to this risk as there are no borrowings from outside.

(iii) Liquidity Risk

The Company requires funding for both short-term operational needs and long-term expansion initiatives. It is dedicated to maintaining a strong liquidity ratio,
reducing debt, and strengthening the balance sheet. Liquidity risk is managed through the Company’s efforts in closely monitoring forecasted and actual cash
flows, as well as aligning the maturity schedules of financial assets and liabilities.

The treasury department oversees liquidity, funding, and settlement management, while senior management supervises the processes and policies governing these
risks. The Company''s financial liabilities primarily consist of short-term borrowings only.

B) Capital Management

For the purpose of the Company’s capital management, capital includes issued equity share capital and all other equity reserves attributable to the equity holders of
the Company.

Management assesses the Company’s capital requirements in order to maintain an efficient overall financing structure. The Company manages the capital structure
and makes adjustments to it in the light of changes in economic conditions and the risk characteristics of the underlying assets.

To maintain or adjust the capital structure, the Company may return capital to shareholders, raise new debt or issue new shares.

The Company monitors capital on the basis of the debt to capital ratio, which is calculated as interest-bearing debts divided by total capital (equity attributable to
owners of the parent plus interest-bearing debts).

NOTE 30: DETAILS WITH RESPECT TO THE BENAMI PROPERTIES:

No proceedings have been initiated or pending against the entity under the Benami Transactions (prohibition) Act, 1988 for the the year ended March 31, 2025.
NOTE 31: UNDISCLOSED INCOME

There is no such income which has not been disclosed in the books of accounts. No such income is is surrendered or disclosed as income during the year in the tax
assessments under Income Tax Act, 1961.

NOTE 32: WILFUL DEFAULTER:

No bank or financial institution has declared the company as "Wilfull defaulter".

NOTE 33: RELATIONSHIP WITH STRUCK OFF COMPANIES:

No transaction has been made with the company strruck off under section 248 of The Companies Act, 2013 or section 560 of Companies Act, 1956 during the year
ended March 31, 2025.

NOTE 34: REGISTRATION OF CHARGES OR SATISFACTION WITH REGISTRAR OF COMPANIES:

All applicable cases where registration of charges or satisfaction is required with Registrar of Companies have been done. No registration or satisfaction is pending
for the period ended March 31, 2024.

NOTE 35: COMPLIANCE WITH NUMBER OF LAYERS OF COMPANIES:

The Company has no subsidiaries hence layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules,
2017 are not applicable.

NOTE 36: LOAN OR ADVANCES GRANTED TO THE PROMOTERS, DIRECTORS AND KMPS AND THE RELATED PARTIES:

No loan or advances in the nature of loans are granted to the promoters, directors, key managerial persons and the related parties (as defined under Companies Act,
2013), either severally or jointly with any other person that are:

(a) repayable on demand or

(b) without specifying any terms or period of repayment

NOTE 39: EVENTS HAPPENED AFTER THE REPORTING PERIOD

There have been no events after the reporting period that require disclosure or adjustment in the financial statements in accordance with Ind AS 10 - Events after
the Reporting Period.

NOTE 40: FOREIGN CURRENCY TRANSACTION.

There is no foreign currency transaction.

NOTE 41: BALANCE CONFIRMATIONS

Balance shown under head Sundry debtors, creditors and advances are subject to confirmation.

NOTE 42: PRESENTATION OF FINANCIAL STATEMENTS

Previous year’s figures have been regrouped / reclassified as per the current year’s presentation for the purpose of comparability in accordance with Schedule III
and IND AS requirements.

The carrying value of all financial assets and liabilities measured at amortized cost approximated to their fair value.

Level 1: It includes financial instruments measured using quoted prices.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximise the use of observable
market data and rely as little as possible on entity specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included
in level 2.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. The fair value of financial assets and
liabilities included in Level 3 is determined in accordance with generally accepted pricing models based on discounted cash flow analysis using prices from observable
current market transactions and dealer quotes of similar instruments.

The Company''s borrowings consists of laon from directors apart from which there is no other borrowings. Accordingly, the carrying value of such borrowings
approximates fair value.

The carrying amounts of trade receivables, trade payables, cash and cash equivalents and other financial assets and liabilities, approximates the fair values, due to their
short-term nature. Fair value of non-current financial assets which includes bank deposits (due for maturity after twelve months from the reporting date) and security
deposits is smiliar to the carrying value as there is no significant differences between carrying value and fair value.

The fair value for security deposits (amortised cost) were calculated based on discounted cash flows using a current lending rate. The interest income on such security
deposit is cumulated year on year and the carrying amount is represented as PV of Security deposit in addition to the interest income.

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Mar 31, 2015

CONTINGENT LIABILITIES AS ON BALANCE SHEET DATE.

1 HON, BLE M.P. has given probable liability under sales tax and excise acts on purchase of denatured spirit relating to 1991-1992 . High Court has granted a stay. (Rs. 47.50 Lacs) Estimated amount due.

a Terms / Rights Attached to Shares

i Equity Shares The Company has only one class of Equity shares having a par value of 10/-. Each holder of equity shares is entitled to one vote per share.

The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

During the Year Ended 31st March 2014 the amount per share dividend recognized as distributions to equity shareholders was Rs. NIL For 31sr March 2013 was Rs NIL)

In the event of liquidation of the Company, the holders of equity shares willbe entitled to receive any of the 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 the shareholders.

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Mar 31, 2014

1. These financial statements are prepared in accordance with Indian Generally Accepted Accounting Principles (GAAP) under the historical cost convention on the accrual basis except for certain financial instruments which are measured at fair values. GAAP comprises mandatory accounting standards as prescribed by the Companies (Accounting Standards) Rules, 2006, the provisions of the Companies Act, 1956 and guidelines issued by the Securities and Exchange Board of India (SEBI). Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use.

2. Terms / Rights Attached to Shares

i Equity Shares

The Company has only one class of Equity shares having a par value of 10/-. Each holder of equity shares is entitled to one vote per share.

The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

During the Year Ended 31st March 2014 the amount per share dividend recognized as distributions to equity shareholders was Rs. NIL For 31sr March 2013 was Rs NIL)

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. The distribution will be in proportion to the number of equity shares held by the shareholders.

3. Shares reserved for issue under options / Contracts / Commitments

4. Terms and Conditions of Borrowings

6551091 Loan from Bank of India is secured against hypothication / pledge of stock/debitors/and other Assets of the company

5. PREVIOUS YEAR FIGURES

The Company has reclassified and regrouped the Previous Year Figures to confirm the current classification.

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Mar 31, 2010

(1) Related party disclosures as required as per accounting standard (AS-18) on "Related Party Disclosures" issued by the Institute of Chartered Accountant of India, are as below;

a. List of related parties and relation ships

Related party and there relationship

Key Management Personnel Shri Shyam Kabra, Managing Director

Manager Smt. Kusum Kabra (Spouse of MD)

Director Shri Mahendra Mandloi

Relatives of key management personal and their enterprises in which key management personnel are interested

None

Note: Related party relationship is as identified by the company and relied upon by the auditors.

(2) EMPLOYEES RETIREMENT BENEFITS

Contribution to provident fund & ESIC are charged to P&L a/c on actual basis and provision for gratuity , leave encasement etc. Retirement benefits are charges to P&L a/c on payment basis. The company has not practice to create separate reserve on actual basis.

(3) Bank interest on F.D. which are deposited by the company with various government departments as security deposit, not provided in the accounts.

(4) The company has accounted retirement benefits to the employees on payment basis. Provision for gratuity and other benefits are not provided in balance sheet.

(5) Disclosures of sundry creditors under current liabilities is based on the information available with the company regarding the status of the suppliers as defined under the "interest on Delayed Payments to small scale and Ancillary industrial Undertakings Act, 1993". The company has no creditors in this category.

(6) Sales are net of Excise Duty & Sales Tax.

(7) Previous years figures are given in brackets & have been regrouped & re arranged wherever necessary.

(8) The quantitative data of opening stock, purchase, production, sales, closing stock, shortage/ excess & valuation of stock are taken to be correct as appearing in respective ledger accounts & as certified by the management

(9) Cash balance at the end of the year has been taken as certified by the management.

(10) The audit have been completed with the help of available voucher, cash memos, invoices & other information given in the cash book, ledger, & explanation given by the management.

Quantitative Data

Note : Figures given in brackets are for previous year.