Rockingdeals Circular Economy Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

i) Provisions and Contingencies

A provision is recognized when an enterprise 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 a reliable estimate can be made. Provisions are not discounted to their present values and
are determined based on management 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
management estimates.

Contingent liabilities are disclosed in respect of possible obligations that have arisen from past
events and the existence of which will be confirmed only by the occurrence or non-occurrence of
future events not wholly within the control of the Company.

When there is an obligation in respect of which the likelihood of outflow of resources is remote,
no provision or disclosure is made.

For Akar & Associates For & on behalf of the Board of Directors

Chartered Accountants For Rockingdeals Circular Economy Limited

FRN: 003753N (Formerly Known as Technix Electronics Limited, originally known

as Technix Electronics Private Limited)

Rasik Makkar Managing Director Director

Partner Aman Preet Kulbir Chopra

DIN:00140021 DIN:03193553

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Mar 31, 2024

Terms and rights attached to equity shares:

The Company has only one class of equity shares having a par value of Rs. 10 per share. Each shareholder is entitled to one vote per share.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive 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.

Terms of Repayment

a) . Vehicle Loan of Rs. 11.70 lacs @ rate 8.20 ( Floating rate) % p.a repayable in 60 monthly instalments of Rs. 23,836/- from August 2022. Outstanding amount of said loan as on 31st March 2024 was Rs. 8,31,745/- ( 31st March 2023 was Rs. 10,40,2023)

-Guarantor of loan: Mrs. Kulbir Chopra ( Director of Company)

-Security: Hypothecation againest Vehical purchased

b) . A loan of Rs. 25 lacs @16.25 % ( Fixed rate) P.a was taken in Month of August 2023 and repaid in FY 2023-24 . Oustandding amount of said loan as on 31st March 2024 was Rs.1,000/- (31st March 2023 NIL)

a). Cash credit facility ( from ICICI Bank) of Rs 360 Lacs @9.50% ( Repo rate 3%)p,a with reset after every three month. -Guarantor of loan: Personal guarantee of Mr. Amanpreet Singh and Mrs. Kulbir Chopra ( Directors of Company) -Security: Hypothecation of stocks and book debt, present and future arising out of genuine credit sale transactions.

Collateral : Flat No- 1702, 17th Floor, La lagune , C- Block, haider pur Viran, Sec-54 , Distt. Gurugram HR -Margin: Uniform margin of 25 % against all components of inventory.Sundry creditors to be reduced for the purpose of drawing power calculation.

b) Long term borrowings: Vehicle loan payable after 1 year as per payment Schedule Rs 2,26,198/-

Note: There are dues to micro and small enterprises, determine to the extent such parties have been identified on the behalf of information available with the company, for Rs. NIL- as at 31st March, 2024, which require disclosure under the micro and small enterprise developement act, 2006 subject to confirmation.

27. Contingent Liabilities (Accounting Standard - 29)
	Contingent Liabilities	As At 31st March 2024	As At 31st March 2023
		(Rs. In Lakhs)	(Rs. In Lakhs)

(i) Contingent liabilities
(a) Claims against the company not acknowledged as debt	-	-
(b) Guarantees*	559.40	575.23
(c) Other money for which the company is contingently	1.42
liable
(i) Commitments
(a) Estimated amount of contracts remaining to be
executed on capital account & not provided for	-	-
(b) Uncalled Liabilities on shares & other investments
party paid	-	-
(c) Other commitments	-	-
Total contingent liabilities	560.82	575.23

* The company has extended a corporate guarantee and provided its own property at Sector 54 La Lagun , Gurugram as collateral for credit facilities granted by ICICI Bank to its related party, M/s Rocking Deals Private Limited. These credit facilities include a cash credit limit of Rs. 495.00 Lacs and a Working Capital Term Loan of Rs. 64.40 Lacs (Previous year: cash credit limit of Rs. 495.00 Lacs and GECL of Rs. 80.23 Lacs).

28. Commitments

Estimated amount of contracts remaining to be executed on capital account (net of advance already made) and not provided for is Rs. Nil (PY: Rs. Nil).

29. Information pursuant to para 5(viii) of the General Instructions to the Statement of Profit and Loss

(a) . Value of Imports on C.I.F Basis: Rs. NIL ( PY: Rs. NIL)

(b) . Expenditure in foreign currency (on accrual basis): Rs. NIL ( PY: Rs. NIL)

(c) . Consumption of raw materials and Components and Spare Parts: Rs. NIL ( PY: Rs. NIL)

(d) . Earnings in foreign currency (on accrual basis): Rs. NIL ( PY: Rs. NIL)

(e) . Remittance made on account of dividends in foreign currency: Rs. NIL ( PY: Rs. NIL)

1. Salary paid to Mr. Aman Preet Rs. 36 Lakhs, to Gaurav Gupta Rs. 12 lakhs and Deepika Dixit Rs. 4.5 Lakhs.

2. Sale made to Rocking Deals Private Limited Rs.3013.93 lakhs, Rocking Deals (Hyd) Private Limited Rs.219.01 lakhs, Harkrishan Product Private Limited Rs.263.78 lakhs and SSL E-Waste Rs. 0.54 Laksh,

3. Purchased made from AAA Services Rs. 112 lakhs, form Karma enterprises Rs. 194 lacs from Harkrishan Product Private Limited Rs.29.65 lakhs and from SSL E- Waste Rs. 5.50 Lakhs

4. The Company has made investments of ?12 lakhs in SSL E-waste Management LLP during the year and subsequently disinvested the same amount.

Apart from the above, The Company has undertaken the reimbursement of various expenses

incurred by its Directors and related parties on behalf of the Company and its associated entities.

These expenses have been facilitated through Imprest Accounts.

General Description

i. Contribution to Provident Fund (Defined Contribution)

The Company’s provident fund scheme (including pension fund scheme for eligible employees) is a defined contribution plan. The expenses charged to the Statement of Profit and Loss under the head Contribution to Provident Fund is (31-03-2024 Rs 0.18 lakhs) (31-03-2023 Rs. 0.03 Lakhs)

ii. Gratuity (Defined benefit plan)

The Company has a defined benefit gratuity plan. Every employee who has completed service of five years or more with the Company, is entitled to receive gratuity on retirement / Resignation / Death, @15 days salary (last drawn basic salary) for each completed year of service with the Company. During the year the Company has provided Rs. 1.39 lakhs (PY 4.90 Lakhs) towards gratuity, on the basis of actuarial valuation by a registered valuer.

iii. Leave salary (short term compensated absences)

Leave salary is payable at the time of retirement or resignation of an employee. During the year the Company has paid/provided Rs 0.26 lakhs (PY 0.21 Lakhs) , towards leave salary, on the basis of actuarial valuation by a registered valuer.

b. The following tables set out disclosures prescribed by AS 15 in respect of company’s unfunded gratuity plan.32. Deferred Taxes (AS - 22)

In compliance with Accounting Standard - 22 on “Accounting for taxes on Income” issued by the Institute of Chartered Accountant of India, Deferred Tax Assets for the period ended 31.03.2024 has been recognized.

33. Appointment of Company Secretary

The Company has appointed a whole time Company Secretary in Month of July 2023

34. Prior period comparatives

The company has reclassified and regrouped its prior period profit and loss and balance sheet items to confirm to this year’s classification.

In term of our report of even date attached.