Sobhagya Mercantile Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

i. Provisions and contingent liabilities

The company creates a provision when there is present
obligation as a result of a past event that probably requires
an outflow of resources and a reliable estimate can be made
of the amount of obligation. A disclosure for a contingent
liability is made when there is a possible obligation or a
present obligation that probably will not require an outflow
of resources or where a reliable estimate of the obligation
cannot be made.

j. Employee benefits

The company has not provided for Gratuity and Leave
encashment benefits till 31.03.2020. The retirement
benefits will be debited as and when paid.

k. Cash and cash equivalents

Cash and cash an equivalent includes cash on hand, demand
deposits with banks, other short-term highly liquid
investments with original maturities of three months or less.

l. Earnings per share

Basic Earnings Per Share (''EPS'') is computed by dividing the
net profit attributable to the equity shareholders by the
weighted average number of equity shares outstanding
during the year. Diluted earnings per share is computed by
dividing the net profit by the weighted average number of
equity shares considered for deriving basic earnings per
share and also the weighted average number of equity
shares that could have been issued upon conversion of all
dilutive potential equity shares. Dilutive potential equity

m. Cash flow statement

Cash flows are reported using indirect method, whereby
net profits before tax is adjusted for the effects of
transactions of a non-cash nature and any deferrals or
accruals of past or future cash receipts or payments and
items of income or expenses associated with investing or
financing cash flows. The cash flows from regular revenue
generating (operating activities), investing and financing
activities of the Company are segregated.

n. Foreign Exchange Transactions

a) Transactions in Foreign Currency are accounted at the
exchange rate prevailing on the date of Transactions.
Exchange fluctuations between the transaction date and
the settlement date in respect of Revenue Transactions
are recognized in Profit & Loss Account.

b) All export proceeds not realised at the year-end are
restated at the rate prevailing at the year end. The
exchange difference arising there from has been
recognised as income / expenses in the Current Year''s
Profit & Loss A/c along with underlying transaction.

c) The premium or discount arising at the inception of
forward exchange contract is amortised as expense or
income over the life of the contract. Exchange differences
on such contracts are recognised in the statement of
profit and loss in the year in which the exchange rates
change. Any profit or loss arising on cancellation or
renewal of forward exchange contracts is recognised as
income or as expense for the year. None of the forward
exchange contracts are taken for trading or speculation
purpose.

Note 40: Financial Risk Management Objectives and Policies

The Company''s financial risk management is an integral part of how to plan and execute its business strategies
Capital management

The Company manages its capital to ensure that the Company will be able to continue as going concern while maximizing
the return to stakeholders through optimization of debt and equity balance.

The capital structure of the Company consists of net debt (borrowings as detailed in note 15 offset by cash and bank
balances) and total equity of the Company.

The Company is subject to externally imposed capital requirements.

(i) Debt is defined as long-term and short-term borrowings, as described in note 16 & 19.

Market risk

The Company''s activities expose it primarily to the financial risk of changes in interest rates.

Foreign currency risk management

The Company does not undertake any transactions denominated in foreign currencies; consequently there is no exposure to
exchange rate fluctuations.

Equity risk

The company is exposed to equity risk due to its investments in listed shares. Any adverse market movement may lead to a
decline in the value of these investments. This could impact the company''s financial performance and net worth.

Interest risk

The company is exposed to interest rate risk on its cash credit facility from the bank. Since the borrowing carries a floating interest
rate, any increase in market rates may raise the company''s finance cost. This could adversely affect its profitability and cash
flows.

If the interest rate decrease/(increase) by 50 basis point, the interest expense would decrease by Rs.2.28 lakhs (increase by
Rs.2.28 lakhs) (as at 31 March 2024: decrease by Rs. 5.58 lakhs (increase by Rs. 5.58 lakhs )).

Credit risk management

Credit risk refers to the risk that a counter party will default on its contractual obligation resulting in financial loss to the Company.
The Company uses its own transaction records to evaluate the credit worthiness of its customers. The Company''s exposure are
continuously monitored and the aggregate value of transactions concluded are spread amongst approved counter parties (refer
note 8 - Trade Receivables).

Financial guarantees/Performance Guarantees

The Company has furnished a Performance Guarantee in favor of the Nominated Authority, Ministry of Coal, as a commitment
to fulfill its obligations under the coal mine allocation agreement. This guarantee ensures that the Company will achieve the
specified development milestones, maintain production timelines, and comply with the performance criteria stipulated by the
Ministry.

Liquidity risk management

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The objective of
liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as and when required.

Ultimate responsibility for liquidity risk management rests with the Board of Directors which has established an appropriate
liquidity risk management framework for the management of the Company''s short-term, medium term and long-term funding
and liquidity management requirements. The Company manages liquidity risk by maintaining adequate reserves, banking
facilities and reserve borrowing facilities by continuously monitoring forecast and actual cash flows any by matching the maturity
profiles of financial assets and liabilities.

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Mar 31, 2024

i. Provisions and contingent liabilities

The company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of resources and a reliable estimate can be made of the amount of obligation. A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that probably will not require an outflow of resources or where a reliable estimate of the obligation cannot be made.

j. Employee benefits

The company has not provided for Gratuity and Leave encashment benefits till 31.03.2020. The retirement benefits will be debited as and when paid.

k. Cash and cash equivalents

Cash and cash an equivalent includes cash on hand, demand deposits with banks, other short-term highly liquid investments with original maturities of three months or less.

l. Earnings per share

Basic Earnings Per Share (''EPS'') is computed by dividing the net profit attributable to the equity shareholders by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the net profit by the weighted average number of equity shares considered for deriving basic earnings per share and also the weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares. Dilutive potential equity shares are deemed converted as of the beginning of the

year, unless issued at a later date. In computing diluted earnings per share, only potential equity shares that are dilutive and that either reduces earnings per share or increases loss per share are included. The number of shares and potentially dilutive equity shares are adjusted retrospectively for all periods presented in case of share splits.

m. Cash flow statement

Cash flows are reported using indirect method, whereby net profits before tax is adjusted for the effects of transactions of a non-cash nature and any deferrals or accruals of past or future cash receipts or payments and items of income or expenses associated with investing or financing cash flows. The cash flows from regular revenue generating (operating activities), investing and financing activities of the Company are segregated.

n. Foreign Exchange Transactions

a) Transactions in Foreign Currency are accounted at the exchange rate prevailing on the date of Transactions. Exchange fluctuations between the transaction date and the settlement date in respect of Revenue Transactions are recognized in Profit & Loss Account.

b) All export proceeds not realised at the year-end are restated at the rate prevailing at the year end. The exchange difference arising there from has been recognised as income / expenses in the Current Year''s Profit & Loss A/c along with underlying transaction.

c) The premium or discount arising at the inception of forward exchange contract is amortised as expense or income over the life of the contract. Exchange differences on such contracts are recognised in the statement of profit and loss in the year in which the exchange rates change. Any profit or loss arising on cancellation or renewal of forward exchange contracts is recognised as income or as expense for the year.

None of the forward exchange contracts are taken for trading or speculation purpose.

Note 35: Financial Risk Management Objectives and Policies

The Company''s financial risk management is an integral part of how to plan and execute its business strategies Market risk

Market risk is the risk of loss of future earnings, fair value or future cash flows arising out of change in the price of a financial instrument. These include change as a result of changes in the interest rates, foreign currency exchange rates, equity prices and other market changes that affect market risk sensitive instruments. Market risk is attributable to all market risk sensitive financial instruments including investments and deposits, foreign currency receivables, payables and loans and borrowings.

The company manages market risk through a risk management committee engaged in, inter-alia, evaluation and identification of risk factors with the object of governing/mitigating them according to Company''s objectives and declared policies in specific context of impact thereof on various segments of financial instruments. The Board provides oversight and reviews the Risk management policy on a yearly basis.

Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. In order to balance the Company''s position with regards to interest income and interest expense and to manage the interest rate risk, treasury performs a comprehensive interest rate risk management.

The company is not exposed to significant interest rate risk as at the respective reporting dates

Foreign currency risk

The company is not exposed to significant interest rate risk as at the respective reporting dates.

Credit risk

Credit risk arises from the possibility that counter party may not be able to settle their obligations as agreed. To manage this, the company periodically assesses the financial reliability of customers, taking into account the financial condition, current economic trends, and analysis of historical bad debts and ageing of account receivables. Individual risk limits are set accordingly.

The Company considers the probability of default upon initial recognition of asset and whether there has been a significant increase in credit risk on an ongoing basis throughout each reporting period. To assess whether there is a significant increase in credit risk the company compares the risk of default occurring on the asset as at the reporting date with the risk of default as at the date of initial recognition. The company considers reasonable and supportive forward-looking information.

Liquidity Risk

Liquidity risk is defined as the risk that the company will not be able to settle or meet its obligations on time or at a reasonable price. The Company''s treasury department is responsible for maintenance of liquidity (including quasi liquidity), continuity of funding as well as timely settlement of debts. In addition, policies related to mitigation of risks are overseen by senior management. Management monitors the Company''s net liquidity position on the basis of expected cash flows vis a vis debt service fulfillment obligation.

Financial assets are written off when there is no reasonable expectation of recovery, such as debtor failing to engage in a repayment plan with the company. The company provides for overdue outstanding for more than 90 days other than institutional customers which are evaluated on a case to case basis.

Note 36: Deferred Taxes on Income

The company is entitled to create deferred tax asset/ liability in the books of A/cs with respect to timing difference of carried forward business and depreciation losses as well as depreciation.

Note 45: Rights Issue:

On 12th August, 2023, the Board of Directors approved the raising of funds through the issuance of equity shares of the company for an amount not exceeding Rs. 25 crores by way of a rights issue to the eligible equity shareholders of the Company. The proceeds of the said issue are proposed to be utilised towards inter alia, working capital requirements, general corporate purposes and expenses related to the Issue. The draft letter of offer dated October 18, 2023 duly approved by the Rights Issue committee was filed by the company with Securities and Exchange Board of India (''SEBI'') and BSE Limited (''BSE'') for an amount aggregating up to Rs. 1900.00 lakhs on a Rights basis to the eligible equity shareholders of the Company. The company received letter dated December 26, 2023 from BSE granting in-principle approval for undertaking the Issue.

On 16th April, 2024, the Board of directors approved the various terms of the Rights Issue and Letter of Offer for the Rights Issue. The issue was opened for the eligible equity shareholders from Monday, May 06, 2024 to Tuesday, May 21, 2024 and pursuant to the finalization of the Basis of Allotment of the Rights Issue, in consultation with the Designated Stock Exchange, BSE Limited, the Board of Directors approved the allotment of 81, 60,000 Fully Paid -up Equity Shares at a price of Rs.21 per Rights Equity Share (including a premium of Rs. 11 per Right Equity Share and face value Rs. 10 each) aggregating to Rs. 1713.60 Lakhs, to all the Eligible Equity Shareholders in the ratio of 34 (Thirty-Four) Rights Equity Shares for every 1(One) Equity Share held by an Eligible Equity Shareholder of the Company on 27th May, 2024 and obtained the listing approval from BSE Limited on May 30, 2024 and trading approval on May 31, 2024.

Note 46: Additional Notes As Per Schedule III:

Additional Regulatory Information as required by paragraph 2 of the General instruction for preparation of CFS as per Schedule III to the Companies Act, 2013.

1. No proceedings have been initiated or pending against the Company for holding any Benami Property under Prohibitions of Benami Transactions Act, 1988 (Earlier titled as Benami Transactions (Prohibitions) Act, 1988.

2. The Company has borrowings from Banks or Financial Institutions on the basis of Fixed Deposits in India. However, no quarterly return or statement is required to be filed with the bank or Financial Institution. In case of foreign Joint Venture, borrowing is secured by current Assets but no quarterly return is prescribed thereat.

3. The Company has not been declared as wilful defaulter.

4. The Company has no transaction with Companies which are stuck off under section 248 of the Companies Act, 2013 or under section 530 of Companies Act, 1956.

5. No charges are pending for registration or satisfaction with the Registrar of Companies (ROC).

6. The Company is in compliance with the no. of layers as prescribed under clause (87) of section 2 of The Companies Act, 2013 read with the Companies (Restriction on Number of Layers) Rules, 2017.

7. During the year, no Scheme of Arrangement has been formulated by the Company/pending with competent authority.

8. The Company does not have transaction not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the Tax Assessments under the Income Tax Act, 1961.

9. The Company has not traded or invested in Crypto Currency or Virtual Currency during the year.

10. The company has not revalued Property, Plant and Equipment during the year.

11. The Company has not advanced or loaned or invested funds, with any understanding, to any other person(s) or entity(ies), including foreign entities (Intermediaries) that the Intermediary shall:

a. directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

b. provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

12. The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

a. Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

b. Provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

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Mar 31, 2015

1. Borrowing Costs:-

Borrowing Costs that are attributable to the acquisition or construction of qualifying assets are capitalised as part of the cost of such assets. A qualifying asset is one that necessarily takes a substantial period of time to get ready for its intended use or sale. All other borrowing costs are charged to revenue.

2. Terms/Rights attached to equity shares:

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

During the year ended 31st March 2015, the amount of per share dividend recognized as distributions to equity shareholders was Rs. Nil (31st March 2014 Rs. Nil)

(A) While determining dimunition other than temporary in the value of the long term quoted/unquoted investments, has not been provided as in the view of the management such dimunition is temporary in nature and as such there is no requirement of making any provision.

3. Contingent Liabilities Not Provided For : -

31.03.2015 31.03.2014

a) Estimated amount of contracts remaining to be executed on capital account NIL NIL

b) Claims against company not acknowledge as debts NIL NIL

4. Foreign Exchange earnings and out-go is Rs. NIL (P.Y. NIL)

5. Segment Reporting

Segment Reporting as defined in Accounting Standards 17 is not applicable as the company is primarily engaged in Finance Activity.

6. Disclosure requirements as per Accounting Standard 18 (AS-18) "Related Party Disclosure" issued by the Institute of Chartered Accountants of India

I. List of Related Parties :

Name of the Related Party Nature of Relationship

Mangalam Exim Private Limited Shareholder

Kumaar Bagrodia Shareholder

Companies under the same Management:-

i) GSL Securities Limited - Associate Company

Key Managerial Personnel:-

i) Mr. Kaushal Atul Mehta - Director

ii) Mr. Brij Mohan Kabra - Director

iii) Mr. Mukesh Kumar Nolkha - Director

iv) Mr Sneh Lal Gupta- Additional Director(Appointed w.e.f. 27/03/2015)

7. Deferred taxes on Income:-

The company is entitled to create deferred tax asset/ liability in the books of A/cs with respect to timing difference of carried forward business and depreciation losses as well as depreciation. However, in view of carried forward business & depreciation losses there is no reasonable certainty that the asset can be realized. Hence the deferred tax asset is not recognized on the ground of prudence.

8. In the absence of confirmation from some of the parties and pending reconciliation the debit and credit balances with regard to recoverable and payable have been taken as reflected in the books. In the opinion of the Directors, Loans and Advances and Current Assets, if realized in the ordinary course of business, have the value at which they are stated in the Balance Sheet.

9. As per Accounting Standard 20 "Earning Per Share'' issued by Institute of Chartered Accountant of India the Company gives following disclosure for the year.

10. During the year, the Company has provided Rs. NIL/- (P.Y. NIL-), towards Non- performing Assets in accordance with the prudential norms prescribed by Reserve Bank of India.

11. The figures of the previous year have been regrouped and recast wherever necessary to confirm to the groupings of the current year.

12. There were no outstanding Dues to Micro, Small and Medium Enterprises to the Extent Information Available with the Company and the Payments in respect of such suppliers are made within the appointed day.

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Mar 31, 2014

1. Related Party Disclosure:- (i) Particulars of Related Parties:

Name of the Related Party Nature of Relationship

Mangalam Exim Private Limited Shareholder

Kumaar Bagrodia Shareholder

Companies under the same Management:-

i) GSL Securities Limited - Associate Company

Key Managerial Personnel:-

i) Mr. Kaushal Atul Mehta - Director

ii) Mr. Brij Mohan Kabra - Director

iii) Mr. Mukesh Kumar Nolkha - Director

(ii) Transactions with Related Parties:

1) Unsecured Loan taken from Shareholder M/s. Mangalam Exim Pvt. Ltd. Rs. 4,16,300/- (P.Y. Rs. NIL). Outstanding balance at the year end was Rs. 7,50,300/- (P.Y. 3,38,000/-) in respect of such shareholder.

2. Other information required under Part II of Schedule VI of the Companies Act, 1956 are either Nil or Not Applicable to the Company.

3. Balance of Loans & advances, Sundry Debtors, Creditors, Banks, Current Liabilities & Current assets are subject to their confirmation. In absence of Proper address on records, we are unable to verify the same through External Resources and accepted as certified by the Management.

4. The requirement regarding licenses & installed capacity is not applicable to the Company.

5. No employee is in receipt of remuneration aggregating to Rs. 24.00 Lacs/- p.a. if employed for the year and Rs. 2.00 Lacs/- p.m. if employed for the part of the year.

6. Quantitative information: Not Applicable.

7. Previous year''s figures have been regrouped or rearranged wherever considered necessary.

8. There were No outstanding Dues to Micro, Small and Medium Enterprises to the Extent Information Available with the Company and the Payments in respect of such suppliers are made within the appointed day.

9. Deferred tax assets arising on account of brought forward losses and unabsorbed depreciation under the prevailing tax laws are recognized only if there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized. The details of Deferred Tax Assets / (Liabilities) are as under :

In view of lack of reasonable certainty that future taxable income will arise, no deferred tax assets have been recognized.

10. In the opinion of the Board of Directors Current Assets Loan & advance are approximately of the value stated in the Balance sheet if realized in the ordinary course of business.

11. Contingent Liabilities- NIL

12. Foreign Currency Transactions - NIL

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Mar 31, 2013

1. Related Party Disclosure:-

(i) Particulars of Related Parties:

Name of the Related Party Nature of Relationship ~

Mangalam Exim Private Limited Share Holder

Companies under the same Management: -

i) GSL Securities Limited - Associate Company

Key Managerial Personnel:-

i) Mr. Kaushal Atul Mehta - Director

ii) Mr. Brij Mohan Kabra - Director

iii) Mr. Mukesh Kumar Nolkha - Director

|ii) TransactionsjArith Related Parties:

i) unsecured Loan taken from Shareholder, Mr. Kumaar Bagrodia Rs. 79,000/- (P.Y. Rs. 95,000. Outstanding balance at the year end was Rs. 2,79,800/- (P.Y. Rs. 2,00,800/-).

2. Other information required under Part II of Schedule VI of the Companies Act, 1956 are either Nil or Not Applicable to the Company.

3. Balance of Loans & advances, Sundry Debtors, Creditors, Banks, Current Liabilities & Current assets are subject to their confirmation. In absence of Proper address on records, we are unable to verify the same through External Resources and accepted as certified by the Management.

4. The requirement regarding licenses & installed capacity is not applicable * to the Company.

5. No employee is in receipt of remuneration aggregating to Rs. 24.00 Lacs/- p.a. if employed for the year and Rs. 2.00 Lacs/- p.m. if employed for the part of the year.

6. Quantitative information: Not Applicable.

7. Previous year''s figures have been regrouped or rearranged wherever considered necessary.

8. Basic & Diluted Earning per share Rs. - 0.48 as below :

9. There were No outstanding Dues to Micro, Small and Medium Enterprises to the Extent Information Available with the Company and the Payments in respect of such suppliers are made within the appointed day.

10. Deferred tax assets arising on account of brought forwaroVlosses and unabsorbed depreciation under the prevailing tax laws are recognized only if there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized. The details of Deferred Tax Assets / (Liabilities) are as under :

In view of lack of reasonable certainty that xuture taxable income will arise, no deferred tax assets have been recognized.

11. In the opinion of the Board of Directors Current Assets Loan & advance are approximately of the value stated in the Balance sheet if realized in the ordinary course of business.

12. Contingent Liabilities- NIL

13. Foreign Currency Transactions - NIL

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Mar 31, 2012

1 SHARE CAPITAL

1.1 Terms/Rights attached to equity shares:

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

During the year ended 31st March, 2012, the amount of per share dividend recognized as distributions to equity shareholders was Rs. Nil (31st March, 2011 Rs. Nil)

2. Related Party Disclosure:-

(i) Particulars of Related Parties:

Name of the Related Party Nature of Relationship

Mangalam Exim Private Limited Share Holder

Companies under the same Management:-

i) GSL Securities Limited - Associate Company

Key Managerial Personnel:-

i) Mr. Kaushal AtuI Mehta - Director

ii) Mr. Brij Mohan Kabra - Director

iii) Mr. Mukesh Kumar Nolkha - Director

(ii) Transactions with Related Parties:

1) Unsecured Loan taken from Shareholder, Mr. Kumaar Bagrodia Rs. 95,000/- (P.Y. Rs. 1,15,800, of which Rs. 10,000 (P.Y. Nil) has been repaid. Outstanding balance at the year end was Rs. 2,00,800/- (P.Y. Rs. 1,15,800/-).

2) Unsecured Loan taken from Shareholder, M/s. Mangalam Exim Pvt. Ltd. Rs. 6,696/- (P.Y. Rs. Nil) which has been repaid (P.Y. Rs. Nil). Outstanding balance at the year end was Rs. 3,38,000/- (P.Y. 3,38,000/-)

3. Other information required under Part II of Schedule VI of the Companies Act, 1956 are either Nil or Not Applicable to the Company.

4. Balance of Loans & advances, Sundry Debtors, Creditors, Banks, Current Liabilities & Current assets are subject to their confirmation. In absence of Proper address on records, we are unable to Verify the same through External Resources and accepted as certified by the Management.

5. The requirement regarding licenses & installed capacity is not applicable to the Company.

6. No employee is in receipt of remuneration aggregating to Rs. 24.00 Lacs/- p.a. if employed for the year and Rs. 2.00 Lacs/- p.m. if employed for the part of the year.

7. Quantitative information: Not Applicable.

8. Previous year's figures have been regrouped or rearranged wherever. considered necessary.

9. There were No outstanding Dues to Micro, Small and Medium Enterprises to the Extent Information Available with the Company and the Payments in respect of such suppliers are made within the appointed day.

10. In the opinion of the Board of Directors Current Assets Loan & advance are approximately of the value stated in the Balance sheet if realized in the ordinary course of business.

11. Contingent Liabilities - NIL

12. Foreign Currency Transactions - NIL

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Mar 31, 2010

1. Related Party Disclosures- (i) Particulars of Related Parties:

Name of the Related Party Nature of Relationshp

1) Mangalam Exim Private Limited Associated Company

Companies under the same Management- There is no Company Under Same Management. Key Managerial Personnel:-

i) Mr. Satyanarayan Kabra.

ii) Mr. Brij Mohan Kabra.

iii) Mr. Mukesh Kumar Nolkha.

(ii) Transactions with Related Parties:

1) Unsecured Loan taken from Shareholder, Mr. Kumaar Bagrodia R$.. 45,500/-, which has been repaid during the year.

2) Unsecured Loan taken from Shareholder, M/s. Mangalam Exim Pvt Ltd Rs. 3,38,000/-, which has not been repaid.

3. Other information required under Part II of Schedule VI of the Companies Act^ 1956 are either Nil or Not Applicable to the Company.

4. Balance of Loans & advances. Sundry Debtors, Creditors, Banks, Current Liabilities & Current assets are subject to their confirmation. In absence of Proper address on records, we are unable to Verify the same through External Resources and accepted as certified by the Management.

5. The requirement regarding licenses & installed capacity is not applicable to the Company.

6. Investments

7. No employee is in receipt of remuneration aggregating to Rs. 24.00 Lacs/- p.a. if employed for the year and Rs. 2.00 Lac9/- p.m. if employed for the part of the year.

8. Quantitative information: Not Applicable.

9. Previous years figures have been regrouped or rearranged wherever considered necessary.

10. There were No outstanding Dues to Micro, Small and Medium Enterprises to the Extent Information Available with the Company and the Payments in respect of such suppliers are made within the appointed day.

In view of lack of reasonable certainty that future taxable income will arise, no deferred tax assets have been recognized.

11. In the opinion of the Board of Directors Current Assets Loan & advance are approximately of the value stated in the Balance sheet if realized in the ordinary course of business.

12. Contingent Liabilities - NIL

13. Foreign Currency Transactions - NIL