Subhash Silk Mills Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

o. Provisions & contingent liabilities

The Company creates a provision where there is present obligation as a result of past event that
probably requires an outflow of resources and a reliable estimate can be made of the amount of
the obligation. A disclosure for a contingent liability is made when there is a possible obligation or
a present obligation that may, but probably will not, require an outflow of resources. When there
is a possible obligation or a present obligation in respect of which the likelihood of outflow of
resource is remote, no provision or disclosure is made.

p. Cash and cash equivalents

The Company considers all highly liquid financial instruments, which are readily convertible into
know amounts of cash that are subject to an insignificant risk of change in value and having original
maturities of three months or less from the date of purchase, to be cash equivalents. Cash and cash
equivalents consist of balance with banks which are unrestricted for withdrawal and usage.

q. Financial assets at fair value through other comprehensive income

Financial assets are measured at fair value through other comprehensive income if these financial
assets are held within a business whose objective is achieved by both collecting contractual cash
flows that give rise on specified dates to solely payments of principal and interest on the principal
amount outstanding and by selling financial assets.

The Company has made an irrevocable election to present in other comprehensive income
subsequent changes in the fair value of equity investments not held for trading.

r. Financial assets at fair value through profit or loss

Financial assets are measured at fair value through profit or loss unless it is measured at amortized
cost or at fair value through other comprehensive income on initial recognition. The transaction
costs directly attributable to the acquisition of financial assets and liabilities at fair value through
profit or loss are immediately recognized in profit or loss.

s. Financial liabilities

Financial liabilities are measured at amortized cost using the effective interest method.

t. Equity instruments

An equity instrument is a contract that evidences residual interest in the assets of the company
after deducting all of its liabilities.

u. Intangible assets

Intangible assets purchased are measured at cost or fair value as of the date of acquisition, as
applicable, less accumulated amortization and accumulated impairment,

Notes.........."39”

Earnings per share

Basic earning per share has been calculated by dividend profit for the year attributable to equity
shareholders by the weighted average number of equity shares outstanding during the year. The
company has not issued any potential equity shares and accordingly, the basic earning per share and
diluted earning per share are the same. Earning per share has been calculated as under:

Notes.........."40”

Sundry Debtors and Creditors & advance are subjected to confirmation by the respective parties.
Necessary Adjustments in account will be made in the year in which discrepancy, if any, may be
noticed.

Notes.........."41”

Sundry Loan & Advances and other assets are, in the opinion of management stated at the amount
realizable in the ordinary course of business and provision for all known and determined liabilities
are adequate and not in excess of the amounts reasonably required.

Notes.........."42”

Figures have been rounded off to the Hundreds.

Notes.........."43”

Previous year figures have been regrouped / reclassified wherever necessary.

For Govind Prasad and Co For and on behalf of the Board

Chartered Accountants

SD/-

Govind Prasad
Partner

Membership No. 047948 ^SD/- f.^^-

Sumeet Mehra Dhirai Mehra

Firm Registration No. 114360W

Director Director

DIN:00342934 DIN:01409010

Place: Mumbai
Date: 30^th May 2025

SD/- SD/-

Paridhi Somani Priyanka Mankame

Company Secretary CFO

Place: Mumbai

Date: 30^th May 2025

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Mar 31, 2024

o. Provisions & contingent liabilities

The Company creates a provision where there is present obligation as a result of past event
that probably requires an outflow of resources and a reliable estimate can be made of the
amount of the obligation. A disclosure for a contingent liability is made when there is a
possible obligation or a present obligation that may, but probably will not, require an outflow
of resources. When there is a possible obligation or a present obligation in respect of which
the likelihood of outflow of resource is remote, no provision or disclosure is made.

p. Cash and cash equivalents

The Company considers all highly liquid financial instruments, which are readily convertible
into know amounts of cash that are subject to an insignificant risk of change in value and
having original maturities of three months or less from the date of purchase, to be cash

equivalents. Cash and cash equivalents consist of balance with banks which are unrestricted
for withdrawal and usage.

q. Financial assets at fair value through other comprehensive income

Financial assets are measured at fair value through other comprehensive income if these
financial assets are held within a business whose objective is achieved by both collecting
contractual cash flows that give rise on specified dates to solely payments of principal and
interest on the principal amount outstanding and by selling financial assets.

The Company has made an irrevocable election to present in other comprehensive income
subsequent changes in the fair value of equity investments not held for trading.

r. Financial assets at fair value through profit or loss

Financial assets are measured at fair value through profit or loss unless it is measured at
amortized cost or at fair value through other comprehensive income on initial recognition.
The transaction costs directly attributable to the acquisition of financial assets and liabilities
at fair value through profit or loss are immediately recognized in profit or loss.

s. Financial liabilities

Financial liabilities are measured at amortized cost using the effective interest method.

t. Equity instruments

An equity instrument is a contract that evidences residual interest in the assets of the
company after deducting all of its liabilities.

u. Intangible assets

Intangible assets purchased are measured at cost or fair value as of the date of acquisition, as
applicable, less accumulated amortization and accumulated impairment, if any.

Notes..........“40”

Sundry Debtors and Creditors & advance are subjected to confirmation by the respective
parties. Necessary Adjustments in account will be made in the year in which
discrepancy, if any, may be noticed.

Notes..........“41”

Sundry Loan & Advances and other assets are, in the opinion of management stated at
the amount realizable in the ordinary course of business and provision for all known
and determined liabilities are adequate and not in excess of the amounts reasonably
required.

Notes..........“42”

Figures have been rounded off to the Hundreds.

Notes..........“43”

Previous year figures have been regrouped / reclassified wherever necessary.

For Govind Prasad and Co For and on behalf of the Board

Chartered Accountants Subhash Silk Mills Limited

Sd/- Sd/- Sd/-

Govind Prasad Sumeet Mehra Dhiraj Mehra

Partner Director Director

Membership No. 047948 DIN: 00342934 DIN: 01409010

Firm Registration No. 114360W

Place: Mumbai Sd/- Sd/-

Date: 30^th May, 2024 Priyanka Mankame Paridhi Somani

CFO Company Secretary

Place: Mumbai
Date: 30^th May, 2024

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Mar 31, 2015

(1) CONTIGENT LIABILITIES

(a) The Company has to make payment of Rs.1.2 Crores towards Income Tax Dues for the year ended 31-Mar-2014.

(2) The Company has shown Sundry Debtors and Loans and Advances over six months as good as in the opinion of the management the same is recoverable and no provision is required to be made.

(3) Retirement Benefit Scheme

a) The Company has not provided for Leave Encashment which is unascertained and will be provided as and when it is paid by which the profit of the Company has been overstated to that extent.

b) The Company has not provided for Gratuity which is unascertained and will be provided as and when it is paid by which the profit of the Company has been overstated to that extent.

(4) The Company has not made any provisions for deferred tax asset as it is not certain that this amount will be realized in the near future.

(5) As per the Accounting Standard (AS) 28 - Impairment of Assets, the Management carried out an internal impairment test as of 31st March 2014 and provided for the impairment loss where recoverable amount was lower than the amount carried in the accounts by providing for the same in the books of account.

(6) Debit and Credit balances are subject to confirmation.

(7) Related Party disclosure under Accounting Standard 18 (i) Information about related party as required by AS-18

Sr. Related Party Relationship No.

1. Subhash Knitting Industries ) Enterprises over which Key Managerial Personnel are able )

To exercise significant influence )

2 Subhash Fabrics Pvt. Ltd. )

3. Subhash Trading Corp. )

4. Acuity International P Ltd )

5. Aquabrane Water Technologies Pvt Ltd )

6. Sparkle Clean Tech P Ltd )

7. Subhash Mehra ) Key Managerial Personnel

8. Dhiraj Mehra )

9. Sumeet Mehra )

10. Nandini Dhowan ) Relative of Key Managerial Personnel

(8) SEGMENT REPORTING

Since the Company is dealing in only one segment i.e. Textile and hence Segment reporting is not applicable.

(9) Figures have been rounded off to the nearest rupee.

(10) Previous years figures have been regrouped wherever necessary.

(11) The statement of significant accounting policies and the notes form an integral part of the accounts for the period ended.

(12) Previous period figures have been regrouped/reclassified wherever necessary.

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Mar 31, 2014

(1) CONTIGENT LIABILITIES

(a) There are no known contingent liabilities on the Company for the year.

(2) The Company has shown Sundry Debtors and Loans and Advances over six months as good as in the opinion of the management the same is recoverable and no provision is required to be made.

(3) Retirement Benefit Scheme

a) The Company has not provided for Leave Encashment which is unascertained and will be provided as and when it is paid by which the profit of the Company has been overstated to that extent.

b) The Company has not provided for Gratuity which is unascertained and will be provided as and when it is paid by which the profit of the Company has been overstated to that extent.

(4) The Company has not made any provisions for deferred tax asset as it is not certain that this amount will be realized in the near future.

(5) As per the Accounting Standard (AS) 28 - Impairment of Assets, the Management carried out an internal impairment test as of 31st March 2014 and provided for the impairment loss where recoverable amount was lower than the amount carried in the accounts by providing for the same in the books of account.

(6) Debit and Credit balances are subject to confirmation.

(7) SEGMENT REPORTING

Since the Company is dealing in only one segment i.e. Textile and hence Segment reporting is not applicable.

(8) Figures have been rounded off to the nearest rupee.

(9) Previous years figures have been regrouped wherever necessary.

(10) The statement of significant accounting policies and the notes form an integral part of the accounts for the period ended.

(11) Previous period figures have been regrouped/reclassifed wherever necessary.

---

Mar 31, 2013

(1) CONTIGENT LIABILITIES

(a) There are no known contingent liabilities on the Company for the year.

(2) The Company has shown Sundry Debtors and Loans and Advances over six months as good as in the opinion of the management the same is recoverable and no provision is required to be made.

(3) Retirement Benefit Scheme

a) The Company has not provided for Leave Encashment which is unascertained and will be provided as and when it is paid by which the profit of the Company has been overstated to that extent.

b) The Company has not provided for Gratuity which is unascertained and will be provided as and when it is paid by which the profit of the Company has been overstated to that extent.

(4) The Company has not made any provisions for deferred tax asset as it is not certain that this amount will be realized in the near future.

(5) As per the Accounting Standard (AS) 28 - Impairment of Assets, the Management carried out an internal impairment test as of 31st March 2013 and provided for the impairment loss where recoverable amount was lower than the amount carried in the accounts by providing for the same in the books of account.

(6) Debit and Credit balances are subject to confirmation.

(7) Related Party disclosure under Accounting Standard 18

(i) Information about related party as required by AS-18

Sr. No. Related Party Relationship

1. Subhash Knitting Industries ) Enterprises over which Key

Managerial Personnel are able To exercise significant influence

2. Pragati Impex ) 3 Subhash Fabrics Pvt. Ltd. )

4. Subhash Trading Corp. )

5. Acuity International P Ltd )

6. Aquabrane Water Technologies Pvt Ltd )

7. Sparkle Clean Tech P Ltd )

(8) SEGMENT REPORTING

Since the Company is dealing in only one segment i.e. Textile and hence Segment reporting is not applicable.

(9) Figures have been rounded off to the nearest rupee.

(10) Previous years figures have been regrouped wherever necessary.

(11) The statement of significant accounting policies and the notes form an integral part of the accounts for the period ended.

(12) Previous period figures have been regrouped/reclassified wherever necessary.

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Mar 31, 2012

(1) CONTIGENT LIABILITIES

(a) There are no known contingent liabilities on the Company for the year.

(2) The Company has shown Sundry Debtors and Loans and Advances over six months as good as in the opinion of the management the same is recoverable and no provision is required to be made.

(3) Retirement Benefit Scheme

a) The Company has not provided for Leave Encashment which is unascertained and will be provided as and when it is paid by which the profit of the Company has been overstated to that extent.

b) The Company has not provided for Gratuity which is unascertained and will be provided as and when it is paid by which the profit of the Company has been overstated to that extent.

(4) The Company has not made any provisions for deferred tax asset as it is not certain that this amount will be realized in the near future.

(5) As per the Accounting Standard (AS) 28 - Impairment of Assets' the Management carried out an internal impairment test as of 31st March 2012 and provided for the impairment loss where recoverable amount was lower than the amount carried in the accounts by providing for the same in the books of account.

(6) Debit and Credit balances are subject to confirmation.

(7) SEGMENT REPORTING

Since the Company is dealing in only one segment i.e. Textile and hence Segment reporting is not applicable.

(8) Figures have been rounded off to the nearest rupee.

(9) Previous years figures have been regrouped wherever necessary.

(10) The statement of significant accounting policies and the notes form an integral part of the accounts for the period ended.

(11) Previous period figures have been regrouped/reclassified wherever necessary.

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Mar 31, 2011

(1) CONTIGENT LIABILITIES

(a) There are no known contingent liabilities on the Company for the year.

(2) The Company has shown Sundry Debtors and Loans and Advances over six months as good as in the opinion of the management the same is recoverable and no provision is required to be made.

(3) Retirement Benefit Scheme

a) The Company has not provided for Leave Encashment which is unascertained and will be provided as and when it is paid by which the profit of the Company has been overstated to that extent.

b) The Company has not provided for Gratuity which is unascertained and will be provided as and when it is paid by which the profit of the Company has been overstated to that extent.

(4) The Company has not made any provisions for deferred tax asset as it is not certain that this amount will be realized in the near future.

(5) As per the Accounting Standard (AS) 28 - Impairment of Assets, the Management carried out an internal impairment test as of 31st March 2011 and provided for the impairment loss where recoverable amount was lower than the amount carried in the accounts by providing for the same in the books of account.

(6) Debit and Credit balances are subject to confirmation.

(7) Additional information pursuant to provision of paragraphs 3, 4(c) & 4(d) of part II of Schedule V of the Companies Act, 1956:

(16) The Company is in the process of identifying suppliers concerned under SME and is yet to ascertain the account for liability, if any, in this regard which is however not expected to be material.

(8) SEGMENT REPORTING

Since the Company is dealing in only one segment i.e. Textile and hence Segment reporting is not applicable.

(9) Figures have been rounded off to the nearest rupee.

(10) Previous years figures have been regrouped wherever necessary.

(11) The statement of significant accounting policies and the notes form an integral part of the accounts for the period ended.

(12) Previous period figures have been re grouped/reclassified wherever necessary.

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Mar 31, 2010

(1) CONTIGENT LIABILITIES

(a) There are no known contingent liabilities on the Company for the year.

(2) The Company has shown Sundry Debtors and Loans and Advances over six months as good as in the opinion of the management the same is recoverable and no provision is required to be made.

(3) Retirement Benefit Scheme

a) The Company has not provided for Leave Encashment which is unascertained and will be provided as and when it is paid by which the profit of the Company has been overstated to that extent.

b) The Company has not provided for Gratuity which is unascertained and will be provided as and when it is paid by which the profit of the Company has been overstated to that extent.

(4) The Company has not made any provisions for deferred tax asset as it is not certain that this amount will be realized in the near future.

(5) As per the Accounting Standard (AS) 28 - Impairment of Assets, the Management carried out an internal impairment test as of 31st March 2010 and provided for the impairment loss where recoverable amount was lower than the amount carried in the accounts by providing for the same in the books of account.

(6) Debit and Credit balances are subject to confirmation.

(16) The Company is in the process of identifying suppliers concerned under SME and is yet to ascertain the account for liability, if any, in this regard which is however not expected to be material.

(7) SEGMENT REPORTING

Since the Company is dealing in only one segment i.e. Textile and hence Segment reporting is not applicable.

(8) Figures have been rounded off to the nearest rupee.

(9) Previous year figures have been regrouped wherever necessary.

(10) The statement of significant accounting policies and the notes form an integral part of the accounts for the period ended.

(11) Previous period figures have been regrouped/reclassified wherever necessary.