Mohini Health & Hygiene Ltd. कंपली की लेखा नीति

Mar 31, 2025

1 Corporate Information

Mohini Health & Hygiene Limited is incorporated in the year 2009 and presently engaged in the manufacturing and export of following products:

• Surgical, Absorbent & Bleached Cotton

• Surgical & Hygiene Products Like Absorbent Cotton Wool, Surgical Cotton, Ear Buds, Cotton Ball, Cotton Make up pads

• N95 Mask, Surgical Mask and other Medical Consumables

With skilled, technical support team and experienced manpower which helps to satisfy the customer needs by providing them best quality products and competent services.

The Company has focus on efficient products with effective services and quality standards are of utmost importance. We are continuously striving to grow by expanding the market base, by introducing the best quality Surgical & Hygiene Products, and by setting up high standards for the industry. This will not only uplift consumer satisfaction level to a next level but will also give a quality product in the market at competitive rates along in addition to prompt services.

Company Overview:

- The Company is one of India''s largest cotton processors and a related hygiene / medical products company.

- It is engaged in manufacturing and exporting of 100% Absorbent Bleached Cotton & 100% Absorbent Bleached Comber

- The Company has a manufacturing facility with bleaching capacity of about 11000 metric tons per annum.

- It currently exports to Asian, European, South American, and African markets.

- The current product portfolio consists of bleached cotton, Surgical Cotton, Absorbent cotton wool, Meditech products such as surgical cotton rolls, cotton ear buds & cotton makeup pads, Surgical Mask & N95 Masks. Planning to launch more than 100 products in Surgical and Consumables range.

- The Company is listed on NSE SME Platform, promoting good corporate governance.

- Employee strength: 250 .

2 Material Accounting Policies and Notes to Accounts2.1 Basis of Accounting and preparation of Financial Statement

These standalone financial statements have been prepared in accordance with the generally a ccepted accounting principles in In dia under the historical cost conventi on on an accrual basis of accounting and accounting standards specified by the Institute of Chartered Accountants of India a nd the relevant provisions of the Companies Act, 2013. Accou nting polices not referred to otherwise be consistent with genera lly accepted accounting principles

2.2 Use of Estimates

The preparation and presentati on of the standalone financial statements require estimates and assumptions to be made that affect the reported amounts of assets and liabilities on the date of financial statements and the reported amounts of revenue and expenses during the reported period. The difference between actual results and estimates are recognized in the period in which the results are known / materialized.

2.3 Property, Plant and Equipment (As per AS-10)

i. Fixed assets are carried at cost, net of tax credit entitlement availed less accumulated deprec iation. The cost includes cost of acquisition/construction, installati on and pre-operative expenditure including trial run expenses (net of revenue) and borrowing costs incurred during pre-operation period. Expenses incurred on capital assets are carried forward as capital work in progress at cost till the same are p ut to use.

ii. When an asset is scrapped or otherwise disposed off, the cost and related depreciation are removed from the books of account and resultant profit or loss, if any, is ref. ected in the Statement of Profit and Loss.

iii. Pre-operative expenses including interest on borrowings for the capital goods, wherever applicable and any other cost incurred which is directly attributable to bringing the assets to its working condition for its intended use are treated as part of the cost of capital goods, hence capitalized.

2.4 Intangible Assets

Intangible Assets are stated at cost of acquisition net of recoverable taxes less accumulated amortization/depletion and impairment loss, if any the cost comprises purchase price, borrowing costs, and any cost directly attributable to bringing the asset to its working condition for the intended use.

2.5 Depreciation

Depreciation is provided on the straight line method over the estimated useful lives of the assets as per the rates prescribed under Schedule II of the Company Act, 2013 or re-assessed useful life based on technical evaluation as under:

Plant & Machinery - 6.33%

Building - 3.17%

Site Development - 1.58%

Computer - 31.67%

Other Admin Assets - 9.50%

Vehicles - 11.88%

Depreciation is provided pro-rata for the number of day''s availability for use. Depreciation on sale / disposal of assets is provided pro rata up to the end of the month of sale/disposal.

2.6 Leases (As Per AS-19)

A finance lease is a lease that transfers substantially all the risks and awards incident to ownership of assets. Lease expense for lease payment is recognised on straight line basis over the lease term.

Government subsidies as received from the government are recorded in the books of accounts on receipt basis.

2.7 Government Subsidy (As per AS-12)

Government subsidies as received from the government are recorded in the books of accounts on receipt basis.

2.8 Investments (As per AS-13)

Investments, which are not readily realizable and intended to be held for more than one year from the date on which such investments are made, are classified as Non-current Investments. All other investments are classified as short-term investments. On initial recognition, all Long-term investments are measured at cost subject to any permanent diminution. The cost comprises purchase price and directly attributabl

e acquisition charges such as br okerage, fees and duties.

Current investments are valued at lower of cost and fair value determined on an individual investment basis. On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the Statement of Profit and Loss.

2.9 Provision and Contingent Liabilities (As per AS-29)

A provision is recognized when there is a present obligation as a result of a past event. It is probable that an outflow of resources will be required to settle the obligation and in respect of which a reliable estimate can be made. A provision is not discounted to its present value and is determ ined based on the best estimate required to settle the obligation at the end date. These provisions are reviewed at each year end date and adjusted to reflect the best current estimate .

Contingent liabilities are disci osed 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 will be required to settle or a reliable estimate of the amount cannot be made.

2.10 Inventories (As per AS-2)

(i) Raw Material, Stores & Spares, Packing Material etc are valued at cost including the cost incurred in bringing the inventories to their present location and condition.

(ii) Finish goods are valued at cost or net realizable value whichever is lower. Cost includes cost of conversion and other costs incurred in bringing the inventory to their present location and condition.

(iii) Scraps are valued at Net estimated realizable value.

2.11 Cash and Cash Equivalents

Cash and cash equivalents include cash in hand and Bank Balance.

2.12 Borrowing Cost (As per AS-16)

Borrowing cost include interest, amortization of ancillary cost incurred, exchange differences. Costs in connection with th

e borrowing of funds to the extent not directly related to the acquisition of qualifying assets are charged to the Statement of Profit and Loss over the tenure of loan.

Borrowing cost that is directly attributable to the acquisitions and construction of qualifying assets are capitalized as part of those assets up to the date of capitalization of such assets.

2.13 Revenue Recognition (As per AS-9)

Sale of goods is recognized, net of returns, trade discounts and GST, on transfer of significant risks and rewards of ownership to the buyer, which generally coincides with the delivery of goods to customers. Revenue from services is recognized when the services are completed. Other income is accounted on received and accrual basis.

2.14 Foreign Currency Transactions (As per AS-11)

Foreign currency transactions are recorded at the rate of exchange prevailing on the date of transaction. All exchange differences are dealt within statement of profit and loss account. Current assets and current liabilities in foreign currency outstanding at the end of the year are translated at the rate of exchange prevailing at the close of the year.

2.15 Taxes on Income (As per AS-22)

Current tax is determined as the amount of tax payable in respect of taxable income for the period. Deferred tax is recognized, subject to the consideration of prudence in respect of deferred tax assets, on timing differences being the difference between taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods. Deferred tax assets and deferred tax liabilities are measured using the tax rates and tax law that have been enacted or substantively enacted by the Balance Sheet date. Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognized amounts and there is an Intention to settle the assets and the liability on a net basis. Deferred tax assets and deferred tax liabilities are offset when there is a legally enforceable right to set off assets against liabilities representing current tax and where the deferred tax assets and deferred tax liabilities relate to taxes on income levied by the same governing taxation laws.

2.16 Earnings per Share (As per AS-20)

Basic Earnings per share is calculated by dividing the net profit

for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period.

2.17 Segment Reporting (As per AS-17)

As evidenced by internal Management Information System (MIS), there are no reportable segments in the company. Therefore, the disclosure requirements of "Accounting Standard 17 (AS- 17) - Segment Reporting are not furnished.

2.18 Cash Flows Statement (As per AS-3)

Cash Flows are reported using indirect method, whereby Profit (loss) before extraordinary items and tax is adjusted for the effect of transactions of non cash nature and any deferrals or accruals of the past or future cash recei pts or payments. The Cash Flow from operating, investing and financial activities of the Company is segregated based on the available information.

2.19 Impairment of Assets (As per AS-28)

The carrying amounts of assets are reviewed at each Balance Sheet date if there is any indication of impairment based on internal/external factors. An asset is impaired when the carrying amount of the asset exceeds the recoverable amount. An impairment loss is charged to the Statement of Profit and Loss in the year in which an asset is identified as impaired. An impairment loss recognized in prior accounting periods is reversed if there has been change in the estimate of the recoverable amount.

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Mar 31, 2024

1 Corporate Information

Mohini Health & Hygiene Limited is incorporated in the year 2009 and presently engaged in the manufacturing and export of following products:

• Surgical, Absorbent & Bleached Cotton

• Surgical & Hygiene Products Like Absorbent Cotton Wool, Surgical Cotton, Ear Buds, Cotton Ball, Cotton Make up pads

• N95 Mask, Surgical Mask and other Medical Consumables

With skilled, technical support team and experienced manpower which helps to satisfy the customer needs by providing them best quality products and competent services.

The Company has focus on efficient products with effective services and quality standards are of utmost importance. We are continuously striving to grow by expanding the market base, by introducing the best quality Surgical & Hygiene Products, and by setting up high standards for the industry. This will not only uplift consumer satisfaction level to a next level but will also give a quality product in the market at competitive rates along in addition to prompt services.

Company Overview:

• The Company is one of India''s largest cotton processors and a related hygiene / medical products company.

• It is engaged in manufacturing and exporting of 100% Absorbent Bleached Cotton & 100% Absorbent Bleached Comber

• The Company has a manufacturing facility with bleaching capacity of about 11000 metric tons per annum.

• It currently exports to Asian, European, South American, and African markets.

• The current product portfolio consists of bleached cotton, Surgical Cotton, Absorbent cotton wool, Meditech products such as surgical cotton rolls, cotton ear buds & cotton makeup pads, Surgical Mask & N95 Masks. Planning to launch more than 100 products in Surgical and Consumables range.

• The Company is listed on NSE SME Platform, promoting good corporate governance.

• Employee strength: 250

2 Material Accounting Policies and Notes to Accounts2.1 Basis of Accounting and preparation of Financial Statement

These standalone financial statements have been prepared in accordance with the generally accepted accounting principles in India under the historical cost convention on an accrual basis of accounting and accounting standards specified by the Institute of Chartered Accountants of India and the relevant provisions of the Companies Act, 2013. Accounting polices not referred to otherwise be consistent with generally accepted accounting principles

2.2 Use of Estimates

The preparation and presentation of the standalone financial statements require estimates and assumptions to be made that affect the reported amounts of assets and liabilities on the date of financial statements and the reported amounts of revenue and expenses during the reported period. The difference between actual results and estimates are recognized in the period in which the results are known / materialized.

2.3 Property, Plant and Equipment (As per AS-10)

i. Fixed assets are carried at cost, net of tax credit entitlement availed less accumulated depreciation. The cost includes cost of acquisition/construction, installation and pre-operative expenditure including trial run expenses (net of revenue) and borrowing costs incurred during pre-operation period. Expenses incurred on capital assets are carried forward as capital work in progress at cost till the same are put to use.

ii. When an asset is scrapped or otherwise disposed off, the cost and related depreciation are removed from the books of account and resultant profit or loss, if any, is reflected in the Statement of Profit and Loss.

iii. Pre-operative expenses including interest on borrowings for the capital goods, wherever applicable and any other cost incurred which is directly attributable to bringing the assets to its working condition for its intended use are treated as part of the cost of capital goods, hence capitalized.

2.4 Intangible Assets

Intangible Assets are stated at cost of acquisition net of recoverable taxes less accumulated amortization/depletion and impairment loss, if any the cost comprises purchase price, borrowing costs, and any cost directly attributable to bringing the asset to its working condition for the intended use.

2.5 Depreciation

Depreciation is provided on the straight line method over the estimated useful lives of the assets as per the rates prescribed under Schedule II of the Company Act, 2013 or re-assessed useful life based on technical evaluation as under:

Plant & Machinery - 6.33%

Building - 3.17%

Site Development - 1.58%

Computer - 31.67%

Other Admin Assets - 9.50%

Vehicles - 11.88%

Intangibles - 10%

Depreciation is provided pro-rata for the number of day''s availability for use. Depreciation on sale / disposal of assets is provided pro rata up to the end of the month of sale/disposal.

2.6 Government Subsidy (As per AS-12)

Government subsidies as received from the government are recorded in the books of accounts on receipt basis.

2.7 Investments (As per AS-13)

Investments, which are not readily realizable and intended to be held for more than one year from the date on which such investments are made, are classified as Non-current Investments. All other investments are classified as short-term investments. On initial recognition, all Long-term investments are measured at cost subject to any permanent diminution. The cost comprises purchase price and directly attributable acquisition charges such as brokerage, fees and duties.

Current investments are valued at lower of cost and fair value determined on an individual investment basis. On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the Statement of Profit and Loss.

2.8 Provision and Contingent Liabilities (As per AS-29)

A provision is recognized when there is a present obligation as a result of a past event. It is probable that an outflow of resources will be required to settle the obligation and in respect of which a reliable estimate can be made. A provision is not discounted to its present value and is determined based on the best estimate required to settle the obligation at the end date. These provisions are reviewed at each year end date and adjusted to reflect the best current estimate.

Contingent liabilities are disclosed 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 will be required to settle or a reliable estimate of the amount cannot be made.

2.9 Inventories (As per AS-2)

(i) Raw Material, Stores & Spares, Packing Material etc are valued at cost including the cost incurred in bringing the inventories to their present location and condition.

(ii) Finish goods are valued at cost or net realizable value whichever is lower. Cost includes cost of conversion and other costs incurred in bringing the inventory to their present location and condition.

(iii) Scraps are valued at Net estimated realizable value.

2.10 Cash and Cash Equivalents

Cash and cash equivalents include cash in hand and Bank Balance.

2.11 Borrowing Cost (As per AS-16)

Borrowing cost include interest, amortization of ancillary cost incurred, exchange differences. Costs in connection with the borrowing of funds to the extent not directly related to the acquisition of qualifying assets are charged to the Statement of Profit and Loss over the tenure of loan.

Borrowing cost that is directly attributable to the acquisitions and construction of qualifying assets are capitalized as part of those assets up to the date of capitalization of such assets.

2.12 Revenue Recognition (As per AS-9)

Sale of goods is recognized, net of returns, trade discounts and GST, on transfer of significant risks and rewards of ownership to the buyer, which generally coincides with the delivery of goods to customers. Revenue from services is recognized when the services are completed. Other income is accounted on received and accrual basis.

2.13 Foreign Currency Transactions (As per AS-11)

Foreign currency transactions are recorded at the rate of exchange prevailing on the date of transaction. All exchange differences are dealt within statement of profit and loss account. Current assets and current liabilities in foreign currency outstanding at the end of the year are translated at the rate of exchange prevailing at the close of the year.

2.14 Taxes on Income (As per AS-22)

Current tax is determined as the amount of tax payable in respect of taxable income for the period. Deferred tax is recognized, subject to the consideration of prudence in respect of deferred tax assets, on timing differences being the difference between taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods. Deferred tax assets and deferred tax liabilities are measured using the tax rates and tax law that have been enacted or substantively enacted by the Balance Sheet date. Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognized amounts and there is an Intention to settle the assets and the liability on a net basis. Deferred tax assets and deferred tax liabilities are offset when there is a legally enforceable right to set off assets against liabilities representing current tax and where the deferred tax assets and deferred tax liabilities relate to taxes on income levied by the same governing taxation laws.

2.15 Earnings per Share (As per AS-20)

Basic Earnings per share is calculated by dividing the net profit for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period.

2.16 Segment Reporting (As per AS-17)

As evidenced by internal Management Information System (MIS), there are no reportable segments in the company. Therefore, the disclosure requirements of "Accounting Standard 17 (AS- 17) - Segment Reporting are not furnished.

2.17 Cash Flows Statement (As per AS-3)

Cash Flows are reported using indirect method, whereby Profit (loss) before extraordinary items and tax is adjusted for the effect of transactions of non cash nature and any deferrals or accruals of the past or future cash receipts or payments. The Cash Flow from operating, investing and financial activities of the Company is segregated based on the available information.

2.18 Impairment of Assets (As per AS-28)

The carrying amounts of assets are reviewed at each Balance Sheet date if there is any indication of impairment based on internal/external factors. An asset is impaired when the carrying amount of the asset exceeds the recoverable amount. An impairment loss is charged to the Statement of Profit and Loss in the year in which an asset is identified as impaired. An impairment loss recognized in prior accounting periods is reversed if there has been change in the estimate of the recoverable amount.

2.19 Share Issue Expenses

Share issue expenses are written off 1/5 during the period of 5 years.

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Mar 31, 2023

2. SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO ACCOUNTS

2.1 Basis of Accounting and preparation of Financial Statement

These standalone financial statements have been prepared in accordance with the generally accepted accounting principles in India under the historical cost convention on an accrual basis of accounting and accounting standards specified by the Institute of Chartered Accountants of India and the relevant provisions of the Companies Act, 2013. Accounting polices not referred to otherwise be consistent with generally accepted accounting principles.

2.2 Use of Estimates

The preparation and presentation of the standalone financial statements require estimates and assumptions to be made that affect the reported amounts of assets and liabilities on the date of financial statements and the reported amounts of revenue and expenses during the reported period. The difference between actual results and estimates are recognized in the period in which the results are known / materialized.

2.3 Property, Plant and Equipment (As per AS-10)

i. Fixed assets are carried at cost, net of tax credit entitlement availed less accumulated depreciation. The cost includes cost of acquisition/construction, installation and preoperative expenditure including trial run expenses (net of revenue) and borrowing costs incurred during pre-operation period. Expenses incurred on capital assets are carried forward as capital work in progress at cost till the same are put to use.

ii. When an asset is scrapped or otherwise disposed off, the cost and related depreciation are removed from the books of account and resultant profit or loss, if any, is reflected in the Statement of Profit and Loss.

iii. Pre-operative expenses including interest on borrowings for the capital goods, wherever applicable and any other cost incurred which is directly attributable to bringing the assets to its working condition for its intended use are treated as part of the cost of capital goods, hence capitalized.

2.4 Intangible Assets

Intangible Assets are stated at cost of acquisition net of re c o ve ra b l e ta xe s l e s s a c c u m u l a te d amortization/depletion and impairment loss, if any the cost comprises purchase price, borrowing costs, and any cost directly attributable to bringing the asset to its working condition for the intended use.

2.5 Depreciation

Depreciation is provided on the straight line method over the estimated useful lives of the assets as per the rates prescribed under Schedule II of the Company Act, 2013 or re-assessed useful life based on technical evaluation as under:

Plant & Machinery - 6.33%

Building - 3.17%

Site Development - 1.58%

Computer - 31.67%

Other Admin Assets - 9.50%

Vehicles - 11.88%

Intangibles - 10%

Depreciation is provided pro-rata for the number of day''s

availability for use. Depreciation on sale / disposal of assets is provided pro rata up to the end of the month of sale/disposal.

2.6 Government Subsidy (As per AS-12)

Government subsidies as received from the government are recorded in the books of accounts on receipt basis.

2.7 Investments (As per AS-13)

Investments, which are not readily realizable and intended to be held for more than one year from the date on which such investments are made, are classified as Non-current Investments. All other investments are classified as shortterm investments. On initial recognition, all Long-term investments are measured at cost subject to any permanent diminution. The cost comprises purchase price and directly attributable acquisition charges such as brokerage, fees and duties.

Current investments are valued at lower of cost and fair value determined on an individual investment basis. On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the Statement of Profit and Loss.

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Mar 31, 2018

SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO ACCOUNTS

MOHINI HEALTH & HYGIENE LIMITED (Formally known as Mohini Fibers Limited) CIN : LI7300MP2009PLC022058

NOTE-26

1. Basis or preparation of Consolidated Financial Statement

The consolidated financial statements have been prepared in accordance with the generally accepted accounting principles in India under the historical cost convention on an accrual basis of accounting and accounting standards specified by the Institute of Chartered Accountants of India and the relevant provisions of the Companies Act, 2013. Accounting polices not referred to otherwise are consistent with generally accepted accounting principles.

2. Principles of consolidation

The consolidated financial statements relate to Mohini Health & Hygiene Ltd., the holding company and its subsidiary companies (hereinafter collectively referred as "the Group"). The consolidated financial statements have been prepared on, the following basis:

a. The financial statements of the subsidiary company used in the consolidation are drawn up to the same reporting date as that of the Company i.e., March 31, 2018.

b. The financial statements of the Company and its subsidiary companies have been combined on a line-by-line basis by adding together like items of assets, liabilities, income and expenses, after eliminating intra-group balances, intra-group transactions and resulting unrealized profits or losses.

c. The excess ot cost to the Group of its investments in the subsidiary companies over its share of equity of the subsidiary companies, at the dates on which the investments in the subsidiary companies were made, is recognised as ''Goodwill'' being an asset in the consolidated financial statements and is tested for impairment on annual basis. On the other hand, where the share of equity in the subsidiary companies as on the date of investment is in excess of cost of investments of the Group, it is recognised as ''Capital Reserve'' and shown under the head Reserves & Surplus in the consolidated financial statements. The ''Goodwill'' is determined separately for each subsidiary company and such amounts are not set off between different entities.

d. Goodwill arising on consolidation is not amortised but tested for impairment.

e. Following Indian subsidiaries have been considered in the preparation of consolidated financial statements: Vedant Kotton Pvt. Ltd.

3. Use of Estimates

The preparation and presentation of consolidated financial statements require estimates and assumptions to be made that affect the reported amounts of assets and liabilities on the date of financial statements and the reported amounts of revenue and expenses during the reported period. The difference between actual results and estimates are recognized in the period in which the results are known / materialized.

4. Fixed Assets and Depreciation

1) Tangible Assets

i. Tangible assets are carried at cost, net of tax credit entitlement availed less accumulated depreciation. The cost includes cost of acquisition/construction, installation and preoperative expenditure including trial run expenses (net of revenue) and borrowing costs incurred during pre-operation period. Expenses incurred on capital assets are carried forward as capital work in progress at cost till the same are put to use.

ii. When an asset is scrapped or otherwise disposed off, the cost and related depreciation are removed from the books of account and resultant profit or loss, if any, is reflected in the Statement of Profit and Loss.

iii. Pre-operative expenses including interest on

borrowings for the capital goods, wherever applicable and any other cost incurred which is directly attributable to bringing the assets to its working condition for its intended use are treated as part of the cost of capitaI goods, hence capitalized.

2) Intangible Assets

Intangible Assets are stated at cost of acquisition net of recoverable taxes less accumulated amortization/depletion and impairment loss, if any The cost comprises purchase price, borrowing costs, and any cost directly attributable to bringing the asset to its working condition for the intended use.

Depreciation is provided on the straight line method over the estimated useful lives of the assets as per the rates prescribed under Schedule II of the Company Act, 2013 or re-assessed useful life based on technical evaluation as under:

Name of Assets	Life
Factory Building	30 Years
Office Building	30 Years
Site Development	60 Years
Plant and Machinery	15 Years
Electrical Installation	'' 10 Years
Furniture & Fixture	15 Years
Computer	3 Years
Vehicle	8 Years
Air Pollution Equipment	15 Years
Other Assets	10 Years

Depreciation is provided pro-rata for the number of month''s availability for use. Depreciation on sale /

5. Impairment of Assets

Assessment is done at each Balance Sheet date as to whether there is any indication that as asset (tangible or Intangible) may be impaired.

6. Investments

Investments, which are not readily realizable and intended to be held for more than one year from the date on which such investments are made, are classified as Non-current Investments. All other investments are classified as short-term investments. On initial recognition, all long term investments are disposal of assets is provided pro-rata up to the en of the month of sale/disposal. measured at cost subject to any permanent diminution. The cost comprises purchase price an directly attributable acquisition charges such c brokerage, fees and duties.

Currerit investments are valued at lower of cost an fair value determined on an individual investment basis.

On disposal of an investment the difference between its carrying amount and net dispose proceeds is charged or credited to the Statement c Profit and Loss.

7. Provision and Contingent Liabilities:

A provision is recognized when there is a present obligation as a result of a past event. It is probable that an outflow of resources will be required to settle the obligation and in respect of which a reliable estimate can be made. A provision is not discounted to its present value and is determined based on the best estimate required to settle the obligation at the end date. These provisions are reviewed at each year end date and adjusted to reflect the best current estimate.

Contingent liabilities are disclosed 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 group or a present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle or a reliable estimate of the amount cannot be made.

8. Inventories

(I) Raw Material, Stores & Spares, Packing Material etc are valued at cost including the cost incurred in bringing the inventories to their present location and condition.

(ii) Finish goods are valued at cost or net realizable value whichever is lower. Cost includes cost of conversion and other costs incurred in bringing the inventory to their, present location and condition.

(iii) Scraps are valued Net estimated realizable value.

9. Cash and Cash Equivalents

Cash and cash equivalents include cash in hand and Bank Balance.

10.Borrowing Cost

Borrowing cost include interest, amortization of ancillary cost incurred, exchange differences. Costs in connection with the borrowing of funds to the extent not directly related to the acquisition of qualifying assets are charged to the Statement of Profit and Loss over the tenure of loan.

Borrowing cost that is directly attributable to the acquisitions and construction of qualifying assets are capitalized as part of those assets up to the date of capitalization of such assets.

11. Revenue Recognition

Sale of goods is recognized, net of returns and trade discounts, on transfer of significant risks and rewards of ownership to the buyer, which generally coincides with the delivery of goods to customers. Sales include excise duty but exclude sales tax, value added tax. Sales net of excise duty and inter-divisional transfer is also disclosed separately. Revenue from services is recognized when the services are completed. Other income is accounted on received and accrual basis.

12. Foreign Currency Transactions

Foreign currency transactions are recorded at the rate of exchange prevailing on the date of transaction. All exchange differences are dealt within statement of profit and loss account. Current assets and current liabilities in foreign currency outstanding at the end of the year are not translated at the rate of exchange prevailing at the close of the year.

13. Taxes on Income

Current tax is determined as the amount of tax payable in respect of taxable income for the period. Deferred tax is recognized, subject to the consideration of prudence in respect of deferred tax assets, on timing differences being the difference between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent periods. Deferred tax assets and deferred tax liabilities are measured using the tax rates and tax law that have been enacted or substantively enacted by the Balance Sheet date. Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle the assets and the liability on a net basis. Deferred tax assets and deferred tax liabilities are offset when there is a legally enforceable right to set off assets against liabilities representing current tax and where the deferred tax assets and deferred tax liabilities relate to taxes on income levied by the same governing taxation laws.

14. Earnings Per Share

Basic Earnings per share is calculated by dividing the net profit for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period.

15. Segment Reporting

As evidenced by internal Management Information System (MIS), there are no reportable segments in the group. Therefore, the disclosure requirements of "Accounting Standard 17 (AS- 17)- Segment Reporting are not furnished.

16. Cash Flows Statement

Cash Flows are reported using indirect method, whereby Profit (loss) before extraordinary items and tax is adjusted for the effect of transactions of non cash nature and any deferrals or accruals of the past or future.cash receipts or payments. The Cash Flow from operating, investing and financial activities of the group is segregated based on. the available information.

17. Impairment of Assets:

The carrying amounts of assets are reviewed at each Balance Sheet date if there is any indication of impairment based on internal/external factors. An asset is impaired when the carrying amount of the asset exceeds the. recoverable amount. An impairment loss is charged to the Statement of Profit and Loss in the year in which an asset is identified as impaired. An impairment loss recognized in prior accounting periods is reversed if there has been change in the estimate of the recoverable amount.

18. Share Issue Expenses

Share issue expenses are written off 1/5 during the period of 5 years.

B. NOTES TO ACCOUNTS

1. The group has completed its Expansion project for manufacturing of Surgical Bleached Cotton on dated 10th April .2017 as per the Installation Certificate issued by the Chartered Engineer. Group has transferred it from WIP to Fixed Assets during the reporting period.

2. The Holding Company has changed its name from Mohini Fibers Limited to Mohini Health & Hygiene Limited w.e.f. 18th May 2017 as per the Incorporation Certificate pursuant to change of name issued by ROC, Gwalior.

3. As explained by the management there is no contingent liability of the group except as mentioned below

Name of Statute	Nature of Dues	Amount Disputed	Period to which dues relate	Authority where dispute is pending for decision
The Income Tax Act, 1961	Income Tax	1589050.00	AY 2010-11	CIT(Appeals)-lll
The Income Tax Act, 1961	Income Tax	670370.00	AY 2011-12	CIT(Appeals)-lll
The Income Tax Act, 1961	Income Tax	4250600.00	AY 2012- 13	CIT(Appeals)-lll
The Income Tax Act, 1961	Income Tax	2947910.00	AY 2013- 14	CIT(Appeals)-lll
The Income Tax Act, 1961	Income Tax	21043650.00	AY 2014-15	CIT(Appeals)-lll
The Income Tax Act, 1961	Income Tax	25850.00	AY 2015-16	CIT(Appeals)-lll
The Income Tax Act, 1961	Income Tax	19716740.00	AY 2016-17	CIT(Appeals)-lll

4. During the year there is change in capital structure of the group. The following changes have taken place during the year.

Date of Nature of No. of Face Issue Total allotment allotment Shares value Price Amount
02/11/2017	Bonus Shares	8888925	10	10	8,88,89,250.00
19/01/2018	Preferential Allotment	1452000	10	40	5,80,80,000.00
13/02/2018	IPO	4932000	10	42	20,71,44,000.00

5. GIF Value of Imports in respect of:

Particulars 2017-18 2016-17
Raw and Packing Material	NIL	NIL
Components and Spare parts of Machinery	NIL	NIL
Capital Goods	USD 2,50,000	NIL
	(Rs. 1 ,65,25,000/-)
	EURO 1,20,000
	(Rs. 96,60,000/-)

6. Value of Stores, Spares and Packing Material Consumed

7. Expenditure in Foreign Currency on account of :

Particulars	2017-18
Travelling-(l 20 in USD)	7856/-
Certification Fees (3905 IN EURO)	313813/-
Commission on Export Sales (4472.67 in USD and 51620.29 in EURO)	4177467/-

8. Earnings in Foreign Exchange on account of:

9. Payment to Auditors

10. Earnings Per Share

11. Related Party Disclosures

Related party disclosures, as required by Accounting Standard 18, "Related Party Disclosures", notified under Section 188 of the Companies Act, 2013 are given below:

a) List of related parties and relationship (as identified by the management)

I) Key Management Personnel:

1. Sh. Avnish Bansal	Managing Director
2. Sh. Sarvapriya Bansal	Whole Time Director
3. Miss. Shweta Bahmare	Company Secretary
4. Mrs. Mukta Agrawal	Chief Financial Officer

ii) Relatives of Key Management Personnel:

1 . Mr. Sourabh Agrawal	Relative of Chief Financial Officer
2. Miss. Supriya Bansal	Relative of Managing Director and WTD
3. Mrs. Parul Bansal	Relative of Managing Director

Particulars	2017-18			2016-17
	Amount in Rs.	% of Consumption		Amount in Rs.	% of Const	umption
Imported	NIL	NIL		NIL	NIL
Indigenous	2,65,24,735		2.39	NIL	NIL

	2017-18	2016-17
F.O.B. value of exports	1.Euro-11093514.28	0.00
	2. USD-1826922.12
Commission on Sales	0.00	0.00

	2017-18	2016-17
Auditors	120000.00	0.00
For Other Services	15000.00	0.00
Total	110000.00	0.00

Particulars	2017-18	2016-17
Auditors	120000.00	0.00
Profit after tax as per Profit & Loss accounts	512,89,972.00	0.00
Total Number of Equity Shares Outstanding at year end	18235900.00
Basic and Diluted Earnings Per Share (Face Value @ Rs.10/- Per Share	2.81	0.00

b)f he Following transactions were carried out with the related parties in the ordinary course of business.

Name of Party	Nature of Transaction	Amount		Outstanding Balance
		2017-18	2016-17	2017-18	2016-17
Avnish Bansal	Salary	2400000.00	0.00	2741000.00	0.00
Avnish Bansal	Purchase of Shares	563500.00	0.00
Avnish Bansal	Loan Taken	19100000.00	0.00
Avnish Bansal	Loan Repayment.	34905000.00	0.00
Sarvapriya Bansal	Salary	2400000.00	0.00	325000.00	0.00
Sarvapriya Bansal	Purchase of Shares	552000.00	0.00
Sarvapriya Bansal	Loan Taken	4400000.00	0.00
Sarvapriya Bansal	Loan Repayment	1 7009000.00	0.00
Supriya Bansal	Salary. :	600000.00	0.00	17952.00.	0.00
Shweta Bahmare	Salary	269100.00	0.00	0.00	0.00
Mukta Agrawal	Salary	540000.00	0.00	2988000.00	0.00
Sourabh Agrawal	Internal Audit Fees/ Consultancy Fees	480000.00	0.00	105541.00	0.00
Mrs. Parul Bansal	Salary	900000.00	0.00	1476500.00	0.00

12. The Following Appointment/ Resignation / Changes has been made in KMP during the year.

Name of the Person	Appointment	Date of Appointment
Gajendra Sing Narang	Independent Director	26/10/2017
Ramesh Chandra Jain	Independent Director	26/10/2017
Anjani Kedia	Resign from the post of Independent Directorship w.e.f.31/10/2017
Hiren Soni	Resign from the post of Independent Directorship w.e.f.31/10/2017

13. Balances of banks, debtors, creditors, advances and loans are subject to Confirmation, Reconciliation and Adjustments, if any.

14. The group has not received any intimation from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid/payable as required under the said Act have not been given.

The Accompanying notes are an integral part of the consolidated financial statements.

For N.K.Dafria & Co.	For Mohini Health	& Hygiene Ltd.
Chartered Accountants
Firm Reg. No. 005550C
	Sd/-	Sd/-
N.Dafria	Sarvapriya Bansal	Avnish Bansal
Partner	Director	Director
M.No. 073860	DIN: 02540139	DIN: 02666814
Indore: 26.05.2018
	Sd/-	Sd/-
	Shweta Bhamare	Mukta Agrawal
	Company Secretary	CFO