RRP Defense Ltd. कंपली की लेखा नीति

Mar 31, 2025

Note 1 Nature of Operations

RRP Defense Limited (Formally Known as Euro Asia Export Limited)(''the Company'') was incorporated at National Capital Territory of Delhi and
Haryana on November 10, 1981 to carry on In India or abroad the business of trading and exports in various items.

Note 2 Statements of Significant Accounting

2.1 Basis of preparation

The standalone financial statements comply in all material aspects with Indian Accounting Standards (IND AS) notified under Section 133 of the
Companies Act 2013 (the Act) [Companies (Indian Accounting Standards) Rules, 2015] and other relevant provisions of the Act The Company
has consistently applied the accounting policies used in the preparation for all periods presented.

The financial statements have been prepared under the historical cost convention on accrual basis.

2.2 Summary of significant accounting policies

a) Current Vs 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: Expected to be realised or intended to be sold or consumed in normal operating cycle

* Held primarily for the purpose of trading

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

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

A liability is current when:

? Expected to be settled in normal operating cycle

? Held primarily for the purpose of trading

? Due to be settled within twelve months after the reporting period, or

? There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period
The Company classifies all other liabilities as non-current.

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

* Held primarily for the purpose of trading

* Expected to be realised within twelve months after

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

A liabilty is current when:

* Expected to be settled in normal operating cycle

* Held primarily for the purpose of trading

* Due to be settled within twelve months after the

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

The Company classified all other liabilities as non- current

b) Fair Value Measurements

For the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the basis of the nature, characteristics

c) Property, plant & equipment

On transition to Ind AS, the Company has elected to continue with the carrying value of all of its property, plant and equipment recognised as at
April 1, 2016, measured as per the previous GAAP, and use that carrying value as the deemed cost of such property, plant and equipment
Property, plant & equipment and capital work in progress are stated at cost net of accumulated depreciation and accumulated impairment
losses, if any.Cost comprises the purchase price and any attributable cost of bringing the asset to its working condition for its intended use.
Borrowing costs relating to acquisition of fixed assets which takes substantial period of time to get ready for its intended use are also included
to the extent they relate to the period till such assets are ready to be put to use.

The Company identifies and determines cost of each component/ part of the asset separately, if the component/ part has a cost which is
significant to the total cost of the asset and has useful life that is materially different from that of the remaining asset.

The residual values, useful lives and methods of depreciation of Property, plant and equipment are reviewed at each financial year end and
adjusted prospectively, if appropriate.

d) Depreciation on Property, plant & equipment

Depreciation on Property, plant & equipment is provided on straight line method at the rates based on the estimated useful life of the assets

e) Inventories

Inventories are valued at net realisable value. Net realizable value is the estimated selling price in the ordinary course of business, less
estimated costs of completion and estimated costs necessary to make the sale.

Note on Goods Sent on Job Work (As on 31.03.2025)

"During the year ended 31st March 2025, the Company has sent goods to third parties for job work under the applicable provisions of the
Goods and Services Tax Act. The ownership of such goods remains with the Company. As on the balance sheet date, goods ag^egating to
^1,26,43,646 (at cost) are lying with job workers. These goods have been included in the closing inventory and disclosed under ''Inventory held
with third parties''."

f) Revenue Recognition

Revenue from sale of goods is recognized when significant risks and rewards of ownership are transferred to the customer, the amount of
revenue can be measured reliably, and it is probable that the economic benefits associated with the transaction will flow to the Company. This
generally coincides with the dispatch of goods or delivery to the customer, depending on the terms of sale. Revenue is measured at the fair
value of the consideration received or receivable, net of returns, trade discounts, and taxes or duties collected on behalf of the government
(such as GST)."

g) Foreign Currency Transactions

The Company''s financial statements are presented in INR, as Company do not have any foreign currency transaction.

h) Borrowing Cost

Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of
time to get ready for its intended use or sale are capitalised as part of the cost of the asset. All other borrowing costs are expensed in the period
in which they occur. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds.

I) Income Taxes
Current Income Tax:

Current income tax is measured at the amount expected to be paid to the tax authorities in accordance with the Income Tax Act 1961 enacted
in India.

Current income tax relating to items recognised outside profit or loss is recognised outside profit or loss (either in other comprehensive income
or in equity). Current tax items are recognised in correlation to the underlying transaction either in OCI or directly in equity. Management
periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to
interpretation and establishes provisions where appropriate.

Current tax assets and liabilities are offset only if there is a legally enforceable right to set off the recognised amounts, and it is intended to
realise the asset and settle the liability on a net basis or simultaneously.

Deferred Tax:

Deferred tax is provided using the liability method on temporary differences between the tax bases of assets and

liabilities and their carrying amounts for financial reporting purposes at the reporting date. Deferred tax liabilities are recognised for all taxable
temporary differences.

Deferred tax is provided using the liability method on temporary differences between the tax bases of assets and liabilities and their carrying
amounts for financial reporting purposes at the reporting date. Deferred tax liabilities are recognised for all taxable temporary differences.

Deferred tax assets are recognised for all deductible temporary differences, the carry forward of unused tax credits and any unused tax losses.
Deffered tax assets are recognised to the extent that it is probable that taxable profit will be available against which the deductible temporary
differences, and the carry forward of unused tax credits and unused tax losses can be utilised.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that
sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilised. Unrecognised deferred tax assets are re¬
assessed at each reporting date and are recognised to the extent that it has become probable that future taxable profits will allow the deferred
tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realised or the liability
is settted, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date.

Deffered tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realised or the liability is
settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date.

Deferred tax relating to items recognised outside profit or loss is recognised outside profit or loss (either in other comprehensive income or in
equity). Deferred tax items are recognised in correlation to the underlying transaction either in OCI or directly in equity
Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current tax assets against current tax
liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority.

|) Impairment of non-financial assets

The Company assesses, at each reporting date, whether there is an indication that an asset may be impaired. If any indication exists, or when
annual impairment testing for an asset is required, the Company estimates the asset''s recoverable amount.

Impairment losses if any, are recognised in the statement of profit and loss.

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Mar 31, 2024

2.2 Summary of significant accounting policies

a) Current Vs 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: Expected to be
realised or intended to be sold or consumed in normal
operating cycle

* Held primarily for the purpose of trading

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

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

A liability is current when:

? Expected to be settled in normal operating cycle

? Held primarily for the purpose of trading

? Due to be settled within twelve months after the reporting
period, or

? The re is no unconditional right to defer the settlement of
the liability for at least twelve months after the reporting
period

The Company classifies all other liabilities as non-current.

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

* Held primarily for the purpose of trading

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

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

A liability is current when:

* Expected to be settled in normal operating cycle

* Held primarily for the purpose of trading

* Due to be settled within twelve months after the reporting period, or

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

The Company classified all
other liabilities as non¬
current.

b) Fair Value
Measurements

For the purpose of fair value disclosures, the Company has determined classes of assets and liabilities
on the basis of the nature, characteristics and risks of the asset or liability.

c) Property, plant &
equipment

On transition to Ind AS, the Company has elected to continue with the carrying value of all of its
property, plant and equipment recognised as at April 1, 2016, measured as per the previous GAAP,
and use that carrying value as the deemed cost of such property, plant and equipment.
Property, plant & equipment and capital work in progress are stated at cost, net of accumulated
depreciation and accumulated impairment losses, if any. Cost comprises the purchase price and any
attributable cost of bringing the asset to its working condition for its intended use. Borrowing costs
relating to acquisition of fixed assets which takes substantial period of time to get ready for its
intended use are also included to the extent they relate to the period till such assets are ready to be
put to use.

The Company identifies and determines cost of each component/ part of the asset separately, if the
component/ part has a cost which is significant to the total cost of the asset and has useful life that
is materially different from that of the remaining asset.
The residual values, useful lives and methods of depreciation of Property, plant and equipment are
reviewed at each financial year end and adjusted prospectively, if appropriate.

d) Depreciation on Property, plant & equipment

Depreciation on Property, plant & equipment is provided on
straight line method at the rates based on the estimated
useful life of the assets

e) Inventories

Inventories are valued at the lower of cost or net realisable
value. Net realizable value is the estimated selling price in the
ordinary course of business, less estimated costs of
completion and estimated costs necessary to make the sale.

f) Revenue Recognition

Revenue is recognized to the extent that it is probable that the
economic benefits will flow to the Company and the revenue
can be reliably measured, regardless of when the payment is
being made.

g) Foreign Currency
Transactions

The Company''s financial statements are presented in INR, as
Company do not have any foreign currency transaction.

h) Borrowing Cost

Borrowing costs directly attributable to the acquisition,
construction or production of an asset that necessarily
takes a substantial period of time to get ready for its
intended use or sale are capitalised as part of the cost of
the asset. All other borrowing costs are expensed in the
period in which they occur. Borrowing costs consist of
interest and other costs that an entity incurs in
connection with the borrowing of funds.

I) Income
Taxes

Current Income Tax:

Current income tax is measured at the amount expected
to be paid to the tax authorities in accordance with the
Income Tax Act, 1961 enacted in India.

Current income tax relating to items recognised outside
profit or loss is recognised outside profit or loss (either
in other comprehensive income or in equity). Current
tax items are recognised in correlation to the underlying
transaction either in OCI or directly in equity.

Management periodically evaluates positions taken in
the tax returns with respect to situations in which
applicable tax regulations are subject to interpretation
and establishes provisions where appropriate.

Current tax assets and liabilities are offset only if there is a legally enforceable right to set off the
recognised amounts, and it is intended to realise the asset and settle the liability on a net basis or
simultaneously.

Deferred Tax:

Deferred tax is provided using the liability method on temporary differences between the tax
bases of assets and

liabilities and their carrying amounts for financial reporting purposes at the reporting date.

Deferred tax liabilities are recognised for all taxable temporary differences.

Deferred tax is provided using the liability method on temporary differences between the tax
bases of assets and liabilities and their carrying amounts for financial reporting purposes at the
reporting date. Deferred tax liabilities are recognised for all taxable temporary differences.

Deferred tax assets are recognised for all deductible temporary differences, the carry forward of
unused tax credits and any unused tax losses. Deferred tax assets are recognised to the extent that
it is probable that taxable profit will be available against which the deductible temporary
differences, and the carry forward of unused tax credits and unused tax losses can be utilised.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent
that it is no longer probable that sufficient taxable profit will be available to allow all or part of the
deferred tax asset to be utilised. Unrecognised deferred tax assets are re-assessed at each reporting date
and are recognised to the extent that it has become probable that future taxable profits will allow the
deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year
when the asset is realised or the liability is settled, based on tax rates (and tax laws) that have been
enacted or substantively enacted at the reporting date.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year
when the asset is realised or the liability is settled, based on tax rates (and tax laws) that have been
enacted or substantively enacted at the reporting date.

Deferred tax relating to items recognised outside profit or loss is recognised outside profit or loss (either
in other comprehensive income or in equity). Deferred tax items are recognised in correlation to the
underlying transaction either in OCI or directly in equity

Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists
to set off current tax assets against current tax liabilities and the deferred taxes relate to the
same taxable entity and the same taxation authority.

j) Impairment of non-financial assets

The Company assesses, at each reporting date, whether there is an indication that an asset
may be impaired. If any indication exists, or when annual impairment testing for an asset is
required, the Company estimates the asset''s recoverable amount.
Impairment losses if any, are recognised in the statement of profit and loss.

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Mar 31, 2014

A) Basis of preparation

The financial statements have been prepared to comply in all material respects with the Notified accounting standard by Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 1956. The financial statements have been prepared under the historical cost convention on accrual basis.

b) Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the results of operations during the reporting period end. Although these estimates are based upon management''s best knowledge of current events and actions, actual results could differ from these estimates.

c) Revenue recognition

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.

Interest

Interest is recognised on a time proportion basis taking into account the amount outstanding and the rate applicable.

d) Fixed Assets

Fixed assets are stated at cost less accumulated depreciation and impairment losses, if any. Cost comprises the purchase price and any attributable cost of bringing the asset to its working condition for its intended use. Borrowing costs relating to acquisition of fixed assets which takes substantial period of time to get ready for its intended use are also included to the extent they relate to the period till such assets are ready to be put to use.

e) Impairment

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 impairment loss is recognized wherever the carrying amount of an asset exceeds its recoverable amount. The recoverable amount is the greater of the asset''s net selling price and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value at the weighted average cost of capital. After impairment, depreciation is provided on the revised carrying amount of the asset over its remaining useful life.

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Mar 31, 2013

NOTE 1 NATURE OF OPERATIONS

Euro Asia Exports Limited (''the Company'') was incorporated at National Capital Territory of Delhi and Haryana on November 10, 1981 to carry on business of Various products and commodities and to act as export and import house

NOTE 2 STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES

a) Basis of preparation

The financial statements have been prepared to comply in all material respects with the Notified accounting standard by Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 1956. The financial statements have been prepared under the historical cost convention on accrual basis.

b) Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the results of operations during the reporting period end. Although these estimates are based upon management''s best knowledge of current events and actions, actual results could differ from these estimates.

c) Revenue recognition

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.

Interest

Interest is recognized on a time proportion basis taking into account the amount outstanding and the rate applicable.

d) Fixed Assets

Fixed assets are stated at cost less accumulated depreciation and impairment losses, if any. Cost comprises the purchase price and any attributable cost of bringing the asset to its working condition for its intended use. Borrowing costs relating to acquisition of fixed assets which takes substantial period of time to get ready for its intended use are also included to the extent they relate to the period till such assets are ready to be put to use.

e) Impairment

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 impairment loss is recognized wherever the carrying amount of an asset exceeds its recoverable amount. The recoverable amount is the greater of the asset''s net selling price and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value at the weighted average cost of capital. After impairment, depreciation is provided on the revised carrying amount of the asset over its remaining useful life.

f) Income Taxes:

Tax expense comprises of current & deferred tax. Current income tax is measured at the amount expected to be paid to the tax authorities in accordance with the Income Tax Act, 1961 enacted in India. Deferred income tax reflects the impact of current year timing differences between taxable income and accounting income for the period.

Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the balance sheet date. Deferred tax assets are recognized only to the extent that there is reason- able certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized.

g) Provisions

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 deter- mined 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.

h) Cash and Cash equivalents

Cash and Cash equivalents in the Balance Sheet comprises cash at bank and in hand and short term investments with an original maturity of three months or less.

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Mar 31, 2012

1. BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements are prepared under the historical cost convention, in accordance with normally accepted accounting principles and the provisions of the Companies Act, 1956 as followed consistently by the company.

2. SYSTEM OF ACCOUNTING

The company follows mercantile system of accounting and recognizes the income and expenditures on accrual basis.

3. FIXED ASSETS

Fixed Assets are stated at historical cost less depreciation

4. DEPRECIATION

Depreciation is provided on fixed assets on written down value method at the rates and in the manners specified in the Schedule-XIV of the Companies Act,1956.

5. REVENUE RECOGNITION

In respect of head of income the company follows the practice of accounting such income on accrual basis.

6. TAXATION

In view of unabsorbed carry forward losses and no taxable income for the current year also and due to uncertainty with regard to future taxable income, the company has not recorded cumulative deferred tax assets on account of timing differences as stipulated in Accounting Standard - 22 "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India.

7. CONTINGENT LIABILITY AND PROVISIONS

The Company makes a provision when there is a present obligation as a result of past event where the outflow of economic resources is probable and reliable estimate of the amount of obligation can be made. A disclosure is made for possible of present obligations that may but probably will not require out flow of resources or where a reliable estimate can not be made, as a contingent liability in the financial statements.

8. PROVISION FOR RETIREMENT BENEFITS

Retirement benefits contingently payable at future date in respect of employees has not been provided for in the accounts as there is no liability for the same at present.

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Mar 31, 2011

The financial statements have been prepared in accordance with applicable accounting standards issue by the Institute of Chartered Accountants of India and the relevant presentational requirements of the Companies Act, 1956. A summary of important accounting policies applied, are set out below.

1) Convention:

The accounts are prepared under historical cost convention and on going concern basis.

2) Revenue Recognition:

All Income & Expenses are accounted for on accrual basis.

3) Fixed Assets:

All the Fixed Assets have been stated at historical cost less accumulated deprecation.

4) Depreciation:

Depreciation on Fixed Assets has been provided on written down value method at the rates prescribe in schedule XIV of the companies Act. 1956 and depreciation on the assets purchased/ sold during the period has been charged on pro-rata basis.

5) Inventories:

Inventories are valued at cost or market price whichever is lower.

6) Foreign Exchange Transactions:

The Company has not dealt with foreign exchange transactions during the year.

7) Income Tax:

Provision is made for Income Tax on a yearly basis, under the tax payable method, based on the tax liability as computed after taking credit for allowances and exemptions.

8) Retirement Benefits:

a) No Provision for Gratuity has been made as no employee has yet put in the qualifying period services for entitlement of this benefit.