Misquita Engineering Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

(j) Provisions and Contingent Liabilities:

A provision is recognized when the company has a present obligation as a result of past event; 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 Liabilities are not recognized but are disclosed in the notes. Contingent Assets are
neither recognized nor disclosed in the financial statements.

(k) Earnings per share:

Basic earnings per share are calculated by dividing the net profit or loss for the period
attributable to equity shareholders by the weighted average number of equity shares outstanding
during the period.

a. The Company has issued 12,50,000 (Twelve Lakhs Fifty Thousand) Fully Convertible Share Warrants each convertible into Fully Paid-Up Equity Shares with the
Face Value of Rs.10/-(Rupees Ten Only) each at Warrant Issue Price of Rs.40/-(Rupees Forty Only) (including Premium of Rs.30/-) each which may be excercised in
one or more tranches during the period commencing from the date of allotment of the warrants until expiry of 18 (Eighteen) months, alloted to 6 (Six) Allottees for
the Total Consideration of Rs. 5,00,00,000/-(Five Crore Only), vide passing resolution in EGM, dated 12th January, 2024. Out of 12,50,000 (Twelve Lakhs Fifty
Thousand) Fully Convertible Share Warrants, the company has received 25% of it amounting to Rs. 1,15,00,000/- (One Crore Fifteen Lakhs Only) during the F.Y.
2023-24 against 11,50,000 (Eleven Lakhs Fifty Thousand) warrant and 100% of issue price amounting to Rs. 40,00,000/- (Forty Lakhs only) against 1,00,000 (One
Lakhs) warrants, which was subsequently converted into 1,00,000 (one lakh) fully paid equity shares of Rs. 10 each during the F.Y. 2023-24.

b. During the F.Y. 2024-25, the company has made a preferential allotment upon conversion of warrants of 1,50,000 equity shares of Rs. 10 each at a premium of Rs.
30 each vide passing resolution on EGM dated 27th December, 2024.

c. During the F.Y. 2024-25, the company has made a preferential allotment upon conversion of warrants of 40,500 equity shares of Rs. 10 each at a premium of Rs. 30
each vide passing resolution on EGM dated 11th February, 2025.

d. During the F.Y. 2024-25, the company has made a preferential allotment upon conversion of warrants of 3,06,500 equity shares of Rs. 10 each at a premium of Rs.
30 each vide passing resolution on EGM dated 13th March, 2025.

Explanation on Variances more than 25%

1. 1. Current Ratio increased by 34.76% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to increase in
Current Assets during the F.Y. 2023-24.

2. Debt Equity Ratio increased by 93.35% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to increase in
Total Debt during the F.Y. 2023-24.

3. Debt Service Coverage Ratio decreased by 1166.94% in F.Y. 2024-25 as compared to F.Y. 2023-24 due
to Net Profit during the F.Y. 2023-24.

4. Return on Equity decreased by 155.84% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to Net Profit
during the F.Y. 2023-24.

5. Trade Receivable Turnover Ratio decreased by 31.81% in F.Y. 2024-25 as compared to F.Y. 2023-24
due to increase in Trade Receivable during the F.Y. 2023-24.

6. Trade Payable Turnover Ratio decreased by 37.72% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to
decrease in Net Purchase during the F.Y. 2023-24.

7. Net Profit Ratio decreased by 157.72% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to Net Profit
during the F.Y. 2023-24.

8. Return on Capital Employed decreased by 234.38% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to
Net Profit during the F.Y. 2023-24.

9. Return on Investment decreased by 36.58% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to
decrease in Income from Investment during the F.Y. 2023-24.

NOTE 31.

No transactions to report against the following disclosure requirements as notified by MCA pursuant to
amended Schedule III:

a) Crypto Currency or Virtual Currency

b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made
thereunder

c) Registration of charges or satisfaction with Registrar of Companies

d) Relating to borrowed funds

i) Wilful defaulter

ii) Utilisation of borrowed funds & share premium

iii) Borrowings obtained on the basis of security of current assets

iv) Discrepancy in utilisation of borrowings

v) Current maturity of long term borrowings

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Mar 31, 2024

(j) Provisions and Contingent Liabilities:

A provision is recognized when the company has a present obligation as a result of past event; 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 Liabilities are not recognized but are disclosed in the notes. Contingent Assets are neither recognized nor disclosed in the financial statements.

(k) Earnings per share:

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period.

a. Terms/rights attached to equity shares:-

i. The company has only one class of Equity Shares having par value of Rs. 10.00 per share. Each holder of Equity shares was entitled to one vote per share.

ii In the event of Liquidation of the company, the holders of equity shares shall be entitled to receive the remaining assets of the Company. The amount distributed will be in proportion to the number of equity shares held by the shareholders.

b. The Company has issued 12,50,000 (Twelve Lakhs Fifty Thousand) Fully Convertible Share Warrants each convertible into Fully Paid-Up Equity Shares with the Face Value of Rs.10/-(Rupees Ten Only) each at Warrant Issue Price of Rs.40/-(Rupees Forty Only) (including Premium of Rs.30/-) each which may be exercised in one or more tranches during the period commencing from the date of allotment of the warrants until expiry of 18 (Eighteen) months, allotted to 6 (Six) Allottees for the Total Consideration of Rs. 5,00,00,000/-(Five Crore Only), vide passing resolution in EGM, dated 12th January, 2024. Out of 12,50,000 (Twelve Lakhs Fifty Thousand) Fully Convertible Share Warrants, the company has received 25% of it amounting to Rs. 1,15,00,000/- (One Crore Fifteen Lakhs Only) during the F.Y. 2023-24 against 11,50,000 (Eleven Lakhs Fifty Thousand) warrant and 100% of issue price amounting to Rs. 40,00,000/- (Forty Lakhs only) against 1,00,000 (One Lakhs) warrants, which was subsequently converted into 1,00,000 (one lakh) fully paid equity shares of Rs. 10 each at a premium of Rs. 30 each during the F.Y. 2023-24.

c. During the F.Y. 2023-24, the company has made a preferential allotment of 750000 equity shares of Rs. 10 each at a premium of Rs. 30 each vide passing resolution on EGM dated 12th January, 2024.

1. Cash Credit Working Capital Loan availed from HDFC Bank, sanctioned amount Rs. 1,00,00,000/- with rate

of interest 9.6% p.a and secured with hypothecation of Plant & Machinery, Stock and Debtors Collateral & Personal Guarantee of Thomas Constance AvinashMisquita, Gail Lucia Misquita, Silvia Misquita& CGTMSE Guarantee.

2. Overdraft facility availed from HDFC Bank, sanctioned amount Rs. 7,20,000/- with rate of interest 9.26% p.a and secured with lien on Fixed Deposit payable on demand.

3. Dropline Overdraft facility availed from ICICI Bank, sanctioned amount Rs. 1,05,00,000/- with rate of interest Repo rate Spread of 2.6% p.a and secured with property at Office No. 531, Fifth Floor, Gera Imperium Star,Plot No 43-44 At Patto Plaza, Village,Morombi-O-Pequeno, Tiswadi, North Goa, Goa-403001 and Office No 530, Fifth Floor, Gera Imperium Star, Plot No 43-44 At Patto Plaza, Village Morombi-O-Pequeno, Tiswadi,-403001

Definitions:

a) Earning for available for debt service = Net Profit after taxes Non-cash operating expenses like depreciation and other amortisations Interest other adjustments like loss on sale of Fixed assets etc.

b) ) Debt service = Interest & Lease Payments Principal Repayments

c) Average inventory = (Opening inventory balance Closing inventory balance) / 2

d) Net credit sales = Net credit sales consist of gross credit sales minus sales return

e) Average trade receivables = (Opening trade receivables balance Closing trade receivables balance) / 2

f) Net credit purchases = Net credit purchases consist of gross credit purchases minus purchase return

g) Average trade payables = (Opening trade payables balance Closing trade payables balance) / 2

h) Working capital = Current assets - Current liabilities

i) Earning before interest and taxes = Profit before exeptional items and tax Finance costs - Other Income

j) Capital Employed = Shareholders'' fund Long-term debt

Explanation on Variances more than 25%

1. Current Ratio increased by 75.09% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Current Assets during the F.Y. 2022-23.

2. Debt Equity Ratio decreased by 77.05% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Equity during the F.Y. 2022-23

3. Debt Service Coverage Ratio decreased by 104.65% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to Net loss during the F.Y. 2022-23

4. Return on Equity decreased by 142.35% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to Net Loss during the F.Y. 2022-23

5.Inventory Turnover Ratio decreased by 27.37% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Inventory during the F.Y. 2022-23

6. Net Working Capital Turnover Ratio decreased by 62.51% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Net Working Capital during the F.Y. 2022-23.

7. Net Profit Ratio decreased by 161.64% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to Net Loss during the F.Y. 2022-23.

8. Return on Capital Employed decreased by 111.69% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to Net Loss during the F.Y. 2022-23.

9. Return on Investment decreased by 38.82% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to decrease in Income from Investment during the F.Y. 2022-23.

NOTE 31.

No transactions to report against the following disclosure requirements as notified by MCA pursuant to amended Schedule III:

a) Crypto Currency or Virtual Currency

b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder

c) Registration of charges or satisfaction with Registrar of Companies

d) Relating to borrowed funds

i) Wilful defaulter

ii) Utilisation of borrowed funds & share premium

iii) Borrowings obtained on the basis of security of current assets

iv) Discrepancy in utilisation of borrowings

v) Current maturity of long term borrowings

The Company did not have any material transactions with companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of Companies Act, 1956 during the financial year.

For Jay Gupta & Associates For and on behalf of Board

(Erstwhile Gupta Agarwal & Associates)

Chartered Accountants FRN: 329001E

Thomas Constance Avinash Misquita Desiderio Anthony Misquita

Jay Shanker Gupta Managing Director Wholetime Director

(Partner)

Mem No: 059535 UDIN:

Date : Gail Lucia Misquita Shambhoo Nath Pandey

Place : Kolkata Chief Financial Officer Company Secretary