Modern Malleables Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

2.13 Provisions and contingent liabilities

Provisions are measured at the present value of management’s best estimates of the expenditure required
to settle the present obligation at the end of the reporting period. The discount rate used to determine the
present value is a pre-tax rate that reflects current market assessments of the time value of money and the
risk specific to the liability. The increase in the provision due to the passage of time is recognised as interest
expense.

A disclosure for contingent liabilities is made when there is a possible obligation arising from past events,
the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain
future events not wholly within the control of the Company or a present obligation that arises from past
events where it is either not probable that an outflow of resources embodying economic benefits will be
required to settle or a reliable estimate of the amount cannot be made.

2.14 Earnings per share

2.14.1 Basic earnings per share

Basic earnings per share is calculated by dividing:

• the profit attributable to owners of the equity by the weighted average number of equity shares
outstanding during the financial year.

2.14.2 Diluted earnings per share

Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to
take into account:

• the after income tax effect of interest and other financing costs associated with dilutive potential
equity shares, and

• the weighted average number of additional equity shares that would have been outstanding
assuming the conversion of all dilutive potential equity shares.

For B. R. KHAITAN & CO.

Chartered Accountants
P. Khaitan
Propritor

Place: Kolkata M. No. 060367

Date: 23.05.2025 FRN: 305012E

UDIN :

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Mar 31, 2014

1. Fixed Assets (Contd.)

(i) Details of amounts written off on reduction of capital or revaluation of assets or sums added to assets on revaluation during the preceding 5 years.

2. Addltional Information to the Financial Statement( Contd.)

The Company makes Provident Fund and Superannuation Fund contributions to defined contribution plans for qualifying employees. Under the Schemes, the Company is required to contribute a specified percentage of the payroll costs to fund the benefits.The Company recognised Rs. 666834/-(Year ended 31 March, 2013 Rs. 602653/-)

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Mar 31, 2009

1. Secured loans are all against Working Capital and are secured against land, building, hypothecation of stocks, books debts, Machineries in respect of Liluah Units / Silvasa and Kolkata Office as and where applicable and against personal guarantee of the Managing Director of the Company.

2. Some of unsecured loans settled by the Honble BIFR in the scheme approved on 13th January, 2009 have not been agreed by the creditors in writing. In view of this, the amounts of debit earlier reversed are reinstated in these accounts.

3. Contingent Liabilities not provided for in respect of:

a) Bank Guarantee for Rs.54.50 lacs for various purposes in favour of domestic buyers to different customers has been issued (Previous year Rs.24.36 lacs)

b) Disputed Sales Tax matters of Rs. 18.20 lacs (Previous year Rs. 16.48 lacs)

c) Disputed Income Tax matters of Rs. 419.97 lacs (Previous years Rs.419.97 lacs)

d) Disputed Excise matters Rs.90.00 Lacs (Previous year Rs.90.00 lacs)

4. Valuation of Inventory:

Accounting Standard As-2 for Valuation of Inventory requires the valuation for stores & spares, raw materials, work-in-progress as well as finished goods to be at lower of cost/ net realisable value.

5. In view of insufficient information from suppliers regarding their status as SSI units, amount overdue in such undertaking could not be Ascertained.

6. (a) The previous year figures have been regrouped, rearranged and reclassified wherever necessary.

(b) Notes 1 to 13 as well as Significant Accounting Policies are forming part of Balance Sheet and Profit and Loss Account.

Schedules 1 to 16 signed by the following: in terms of attached report of even date