Ushanti Colour Chem Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

2.7 Provision for Current and Deferred Tax

Provision for current tax is made after taking into consideration benefits admissible under the provisions of
the Income Tax Act, 1961.

Deferred tax resulting from "timing difference" between taxable and accounting income is accounted for
using the tax rates and lows that are enacted or substantively enacted as on the balance sheet date.
Deferred tax asset is recognized and carried forward only to the extent that there is a virtual certainty that
the asset will be realized in future.

2.8 Provisions, Contingent Liabilities and Contingent Assets

Provision is recognized when there is a present obligation as a result of past event that probably requires
an outflow of resources and reliable estimate can be made of the amount of the obligation. Disclosure for
Contingent Liabilities is made when there is a possible obligation or a present obligation that may, but
probably will not, requires an outflow of resources. No provision is recognized or disclosure for Contingent
Liability is made when there is a possible obligation or a present obligation in respect of which the
likelihood of outflow of resources is remote. Contingent Asset is neither recognized nor disclosed in the
financial statements.

i) For Secured Term Loan from HDFC Bank :

- In the current year, there was a transfer of existing loan from Kotak mahindra bank to HDFC Bank on 26th March, 2025

- The loan is secured against:

1. Hypothication of current assets and movable fixed assets

2. Mortgage charge on factory land and building situated at C-18, GIDC, Saykha, Dist. Bharuch - 392140 in the name of Ushanti Colour Chem Ltd.

3. Personal guarantee of directors and relatives.

4. Corporate guarantee of Ushanti Colour Chems ltd.

ii)For Debentures:

5,95,840 Zero coupon Compulsory Convertible Debetures alloted on 02/03/2021 and 8,63,960 allotted on 08/03/2021 @ Rs. 10/- convertible at the end of 5 months
from the date of allotment.

- On 15/02/2022 the date of conversion changed with mutual consent of allottees by giving a notice of Conversion to the Company on or before 01 March, 2031.

- 3,59,160 Unsecured 0% to 12% Variable Coupon bearing Convertible Debentures of Rs.100/- each were allotted which are convertible with mutual consent of
allottees by giving a notice of Conversion to the Company on or before 01 March, 2031.

7.1 Particulars of borrowings

1. Loan from Directors & other related Parties are repayable on demand and carries interest @ 9.25%p.a. (P.Y. 9.25% p.a.)

2. Loans from inter corporate companies are taken interest @ 9.25%, 7.40% and 15% p.a. (P.Y. 9.25% and 7.40 % p.a.)

3. Working Capital loan is secured against hypothecation of present and future inventories and book-debts of the company, equitable mortgage of residence of directors and
industrial property of the company and personal guarantee of directors and Holding Company. The same is repable on demand and carries interest @ 8.75%.

Note :During the financial year, the Company transferred its existing Working Capital Facility from Kotak Mahindra Bank Ltd. to HDFC Bank Ltd. The transfer was
executed by availing a new working capital facility from HDFC Bank Ltd., the proceeds of which were directly utilised to settle the outstanding liability with Kotak
Mahindra Bank Ltd.

39 Other statutory disclosures as per the Companies Act, 2013

The Company does not have anything to report in respect of the following:

• Benami properties

• Trading or investment in crypto or virtual currency

• Giving/receiving of any loan or advance or funds with the understanding that the recipient shall lend, invest, provide security or guarantee on behalf of the Company / funding party

• Transactions not recorded in books that were surrendered or disclosed as income during income-tax assessment

• Charges or satisfaction not registered with ROC beyond statutory period

• Title deeds in respect of freehold immovable properties not being held in the name of the Company.

• Transactions with struck-off companies

• Non-compliance with number of layers as prescribed under the Companies Act, 2013, read with Companies (Restriction on number of Layers) Rules, 2017.

• Wilful Defaulter by any bank or financial institution or other lender.

40 Regrouping

Previous year''s figures have been re-grouped, re-classified and re-arranged whenever necessary.

41 MSME

The Company has received intimation from "Suppliers" regarding their status under Micro, Small and Medium Enterprise Development Act, 2006, and hence, disclosures, if any, relating to amount unpaid as at the period
end as required under the act has been given. The interest has not been provided as per the explanation provided by the management after confirmation letters from the parties that the payment is made within due dates.

For DJNV & Co. For and on behalf of the Board

Chartered Accountants Ushanti Colour Chem Limited

Firm''s Registration No. 115145W

CA Shruti C Shah Maunal Gandhi Minku Gandhi Pradip Parikh

Partner Managing Director Managing Director CFO

Membership No. : 175839 DIN : 00118559 DIN : 00118617 PAN : AIZPP5478J

UDIN: 25175839BOEOWF9193

Vishakha T anwar

Place : Ahmedabad Company Secretary

Date : 29th May,2025 M. No: 40517

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Mar 31, 2024

2.9 Provisions, Contingent Liabilities and Contingent Assets

Provision is recognized when there is a present obligation as a result of past event that probably requires an outflow of resources and reliable estimate can be made of the amount of the obligation. Disclosure for Contingent Liabilities is made when there is a possible obligation or a present obligation that may, but probably will not, requires an outflow of resources. No provision is recognized or disclosure for Contingent Liability is made when there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote. Contingent Asset is neither recognized nor disclosed in the financial statements.

2.10 Impairment of Assets

An asset is treated as impaired when the carrying cost of assets exceeds its recoverable value. An impairment loss is charged to the Statement of Profit and Loss in the period/year in which an asset is identified as impaired. The impairment loss recognized in prior period is reversed if there has been a change in the estimate of recoverable amount.

2.11 Foreign Currency Transactions

(i) Transactions denominated in foreign currencies are normally recorded at the exchange rate prevailing on the date of the transaction or that approximates the actual rate at the date of transaction.

(ii) Monetary items denominated in foreign currencies at the period/year-end are restated at period/year-end rates.

(iii) Any income or expenses on account of exchange difference either on settlement or on translation is recognized in the Statement of Profit and Loss.

(iv) Premium or discount on forward contracts for hedging foreign currency transactions are amortized and recognized in the statement of profit and loss over the period of the contract.

2.12 Investments

Investments that are readily realizable and intended to be held for not more than a year are classified as Current investments. All other investments are classified as long- term investments. Current Investments are carried at lower of cost and quoted/fair value determined on category/item wise. Long Term Investments are stated at cost. However, Provision for diminution in the value of long-term investment is made only if such a decline is other than temporary.

2.13 Borrowing Costs

Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of such assets. A qualifying asset is one that necessarily takes substantial period of time to get ready for its intended use. All other borrowing costs are charged to Statement of Profit and Loss.

2.14 Government Grants

Grants and subsidy from the government are recognized when there is reasonable assurance that the grant/subsidy will be received and all attaching conditions will be complied with. When the grant or subsidy relates to an expense item, it is netted off from the respective expenses necessary to match them on a systematic basis to the costs, which it is intended to compensate. Where the grants or subsidy relates to an asset, its value is deducted in arriving at the carrying amount of the related asset.

2.15 Leases

The company''s significant leasing arrangements are in respect of operating leases for factory. The leasing arrangements are usually renewable by mutual consent at agreed terms. The aggregate lease rent payable is charged as rent in Statement of Profit & Loss.

(ii) Rights, preferences and restrictions attached to shares

Equity Shares: The Company has one class of equity shares. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

i) Loans repayable on demand from banks:

(a) Cash credit facility is secured against trade receivables of the Company. Further, it has been personally guaranteed by Directors and Promoter of the company and Third parties. It carries interest @ 9% p.a. as on 26/06/2020, 8.5% p.a. as on 10/07/2020 and 9.85% p.a. as on 28/02/2022.

(b) Working capital facility is primarily secured against inventories, trade (export) receivables and collateral security of plant and equipments and factory shed of the Company. Further, it has been personally guaranteed by Directors and Promoter of the company. It is repayable on demand and carries interest @ 9% p.a. as on 26/06/2020, 8.5% p.a. as on 10/07/2020 and 9.85% p.a. as on 28/02/2022.

ii) Loans and advances from Directors and Related Parties :

Unsecured loans from directors and related parties are taken and maintained during the year pursuant to the stipulation mentioned by the banks for loans facilities availed from them and are repayable on demand and carries interest @ 9% p.a (P.Y. 9% p.a.)

(b) Debt ratio: It is increased due to Inflow of funds through Deb facility..

(d) Return on Equity ratio : Correspondence increase in Shareholder Equity as well decline in profit.

(g) Trade Payables T/o ratio: it is increased due to increase in purchase.

(i) Net Profit ratio: Decline in profit for the current period.

(k) Return on Investment : increase in investment due to which there is substantial decline.

38 Other Statutory Disclosures as per the Companies Act, 2013

The Company does not have anything to report in respect of the following:

• Benami properties

• Trading or investment in crypto or virtual currency

• Giving/receiving of any loan or advance or funds with the understanding that the recipient shall lend, invest, provide security or guarantee on behalf of the Company/funding party

• Transactions not recorded in books that were surrendered or disclosed as income during income-tax assessment

• Charges or satisfaction not registered with ROC beyond statutory period

• Title deeds in respect of freehold immovable properties not being held in the name of the Company.

• Transactions with struck-off companies

• Non-compliance with number of layers as prescribed under the Companies Act, 2013, read with Companies (Restriction on number of Layers) Rules, 2017.

• Wilful Defaulter by any bank or financial institution or other lender.

39 Regrouping

Previous year’s figures have been re-grouped, re-classified and re-arranged whenever necessary.

The Company has received intimationfrom “Suppliers” regarding their status under Micro, Smalland Medium Enterprise Development Act,2006, and hence, disclosures, ifany, relating toamount unpaid as atthe period end as required under the act has been given. The interest has not been provided as per the explanation provided by the management after confirmation letters from the parties that the payment is made within due dates.

Disclosure requirement as required by the AS-15 (Revised 2005), Employee Benefits are not given in view of non-availability of the required information with the company.

For DJNV & Co. For and on behalf of the Board

Chartered Accountants Ushanti Colour Chem Limited

Firm''s Registration No. 115145W

CA Shruti C Shah Maunal Gandhi Maunal Gandhi Minku Gandhi Pradip Parikh Vishakha A. Tanwar

Partner ^Director Director ^Director CFO CS

Membership No. 175839 00118559 00118559 00118617 AIZPP5478J M. No: 40517

UDIN: 24175839BKEFQP8625

Place: Ahmedabad Place: Ahmedabad

Date: 29, May 2024 Date: 29 May 2024

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Mar 31, 2023

2.9 Provisions, Contingent Liabilities and Contingent Assets

Provision is recognized when there is a present obligation as a result of past event that probably requires an outflow of resources and reliable estimate can be made of the amount of the obligation. Disclosure for Contingent Liabilities is made when there is a possible obligation or a present obligation that may, but probably will not, requires an outflow of resources. No provision is recognized or disclosure for Contingent Liability is made when there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote. Contingent Asset is neither recognized nor disclosed in the financial statements.

2.10 Impairment of Assets

An asset is treated as impaired when the carrying cost of assets exceeds its recoverable value. An impairment loss is charged to the Statement of Profit and Loss in the period/year in which an asset is identified as impaired. The impairment loss recognized in prior period is reversed if there has been a change in the estimate of recoverable amount.

2.11 Foreign Currency Transactions

(i) Transactions denominated in foreign currencies are normally recorded at the exchange rate prevailing on the date of the transaction or that approximates the actual rate at the date of transaction.

(ii) Monetary items denominated in foreign currencies at the period/year-end are restated at period/year-end rates.

(iii) Any income or expenses on account of exchange difference either on settlement or on translation is recognized in the Statement of Profit and Loss.

(iv) Premium or discount on forward contracts for hedging foreign currency transactions are amortized and recognized in the statement of profit and loss over the period of the contract.

2.12 Investments

Investments that are readily realizable and intended to be held for not more than a year are classified as Current investments. All other investments are classified as long- term investments. Current Investments are carried at lower of cost and quoted/fair value determined on category/item wise. Long Term Investments are stated at cost. However, Provision for diminution in the value of long-term investment is made only if such a decline is other than temporary.

2.13 Borrowing Costs

Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of such assets. A qualifying asset is one that necessarily takes substantial period of time to get ready for its intended use. All other borrowing costs are charged to Statement of Profit and Loss.

2.14 Government Grants

Grants and subsidy from the government are recognized when there is reasonable assurance that the grant/subsidy will be received and all attaching conditions will be complied with. When the grant or subsidy relates to an expense item, it is netted off from the respective expenses necessary to match them on a systematic basis to the costs, which it is intended to compensate. Where the grants or subsidy relates to an asset, its value is deducted in arriving at the carrying amount of the related asset.

2.15 Leases

The company''s significant leasing arrangements are in respect of operating leases for factory. The leasing arrangements are usually renewable by mutual consent at agreed terms. The aggregate lease rent payable is charged as rent in Statement of Profit & Loss.

Notes 38: Other Statutory Disclosures as per the Companies Act, 2013

The Company does not have anything to report in respect of the following:

• Benami properties

• Trading or investment in crypto or virtual currency

• Giving/receiving of any loan or advance or funds with the understanding that the recipient shall lend, invest, provide security or guarantee on behalf of the Company/funding party

• Transactions not recorded in books that were surrendered or disclosed as income during income-tax assessment

• Charges or satisfaction not registered with ROC beyond statutory period

• Title deeds in respect of freehold immovable properties not being held in the name of the Company.

• Transactions with struck-off companies

• Non-compliance with number of layers as prescribed under the Companies Act, 2013, read with Companies (Restriction on number of Layers) Rules, 2017.

• Wilful Defaulter by any bank or financial institution or other lender.

Notes 39: Regrouping

Previous year''s figures have been re-grouped, re-classified and re-arranged whenever necessary.

Notes 40: Other Notes

The Company has received intimation from "Suppliers" regarding their status under Micro, Small and Medium Enterprise Development Act, 2006, and hence, disclosures, if any, relating to amount unpaid as at the period end as required under the act has been given. The interest has not been provided as per the explanation provided by the management after confirmation letters from the parties that the payment is made within due dates.

Disclosure requirement as required by the AS-15 (Revised 2005), Employee Benefits are not given in view of nonavailability of the required information with the company.

For, DJNV & Co. For and on behalf of the Board of directors

Chartered Accountants Ushanti Colour Chem Limited

Firm Reg. No. : 115145W

(CA Shruti C Shah) (Maunal S. Gandhi) (Arjun Gandhi) (Pradip Parikh) (Anjali Samani)

Partner Joint MD Director CFO CS

Membership No. 175839 00118559 09254434 AIZPP5478J A65647

UDIN: 23175839BGXUUM4043

Place : Ahmedabad Place : Ahmedabad

Date : 29-05-2023 Date : 29-05-2023

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Mar 31, 2018

1. Terms/right 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. In the event of liquidation of the company, the holder of equity shares will be entitle to receive 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.

2. Term Loans from Banks :

(a) Vehicle loan [closing balance Rs. Nil (P. Y. 800000)]-carried interest @ 8.75% p.a. The loan was during the period. The loan was secured by hypothecation of the vehicle purchased there against. Current Maturity of long-term borrowings is Rs. Nil(P.Y. 800000)

(b) Vehicle loan [closing balance Rs. 1247756 (P. Y. 1500000)]-carries interest @ 8.35% p.a. The loan is repayable in 60 monthly installments of Rs. 30668 each along with interest from 05-04-2017 and last installment due on 05-03-2022. The loan is secured by hypothecation of the vehicle purchased there against. Current Maturity of long-term borrowings is Rs. 274137(P.Y. 252244)

3. Term Loans from Financial Institutions :

(a) Term loan [closing balance Rs. 15401000(P. Y. Rs. 18467000)]-carries interest @ 9.35% to 9.95% p.a. The loan is repayable in 78 monthly installments comprising first 77installments of Rs. 255500 each and last 78th installment of Rs. 326500 excluding interest from 10-10-2016 and last installment due on 10-03-2023. The loan is secured by way of : (i) Hypothecation of plant and machinery, equipment, tools, spares, accessories and all other assets acquired or proposed to be acquired under the Small Industries Development Bank of India("SIDBI") Scheme as primary security(ii) Fixed deposits and Life insurance policies of directors, company and relatives of directors(iii) Personal guarantee of Directors and Promoter of the company. Current Maturity of long-term borrowings isRs. 3066000 (P.Y. Rs. 3066000)

(b) Vehicle loan [closing balance Rs. 1426138 (P. Y. 2742524)]-carries interest @ 9.65% p.a. The loan is repayable in 60 monthly installments of Rs. 126458 each along with interest from 16-04-2014 and last installment due on 16-03-2019 The loan is secured by hypothecation of the vehicle purchased there against. Current Maturity of long-term borrowings is Rs. 1426138(P.Y. Rs. 1309048)

4. Short-term borrowings from Banks :

(a) Cash credit facility is secured against trade receivables of the Company. Further, it has been personally guaranteed by Directors and Promoter of the company and Third parties. It carries interest @ 10% p.a.

(b) Working capital facility is primarily secured against inventories, trade (export) receivables and collateral security of plant and equipments and factory shed of the Company as well as properties of the relatives of the directors. Further, it has been personally guaranteed by Directors and Promoter of the company and Third parties. It is repayable on demand and carries interest @ 10% p.a.

5. Loans repayable on demands from Related Parties and Others :

Unsecured loans from related parties and others are taken and maintained during the year pursuant to the stipulation mentioned by the banks for loans facilities availed from them and are repayable on demand and carries interest @ 9% p.a (P.Y. 12% p.a.)

Note:6

6.1 The Company has availed interest subvention of Rs. 1102348 during the period (P.Y :Rs. 1162128) from bank on working capital facility which has been reduced from interest expenses.

6.2 The Company has availed interest subvention of Rs. 849866/- during the period (P.Y :Rs. 31267) from SIDBI under capital expansion scheme which has been reduced from interest expenses.

7. Previous year’s figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

8. The Company has not received any intimation from "Suppliers” regarding their status under Micro, Small and Medium Enterprise Development Act, 2006, and hence, disclosures, if any, relating to amount unpaid as at the period end together with interest paid/payable as required under the act has not been given.

9. Contingent Liability not provided for:

Disputed Central Excise demand Rs. 806115 (P.Y. Rs. 806115) along with interest for the period April 2009 to March 2014.

10. Disclosure requirement as required by the AS-15 (Revised 2005), Employee Benefits are not given in view of non-availability of the required information with the company.