1.15 - Contingent Liabilities Not Provided For
Claims not acknowledged by the company as debt: NIL. The company does not have any contingent liability except:
Bank Guarantee (Performance): Rs. 598.73 Lakhs
1.16- Company has not received the declaration from its all vendors regarding their status under Micro, Small and Medium Enterprises
Medium Enterprises Development Act, 2006 and hence disclosures has been made only for the parties from whome the declaration has been received. In respect of other vendors from whom declaration has not been received disclosure has not been made for those which have not been received disclosure has not been made.
1.17
Party's Balance with respect to the Trade Receivables, Trade & Other Payables, Loans & advances are subject to confirmation/reconciliation. In the opinion of management, the same are receivable/ payable as stated in the books of accounts. Hence, no effect on the profitability due to the same for the year under review.
1.18- Share of profit from Investment in Partnership firm has been considered on the basis of Un-audited financials as certified by the partners.
1.19- Previous year's figure have been regrouped/rearranged whenever necessary to conform to the current year's presentation.
Notes on ratio:
1. Inventory Turnover Ratio increased by 65.18% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in COGS for the F.Y. 2023-24.
2. Trade Receivables Turnover Ratio increased by 142.72% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Net Sales during the F.Y. 2023-24.
3. Trade Payables Turnover Ratio increased by 63.89% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Net Purchase during the F.Y. 2023-24.
4. Net Profit Ratio decreased by 34.93% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Net Sales during the F.Y. 2023-24.
5. Return on Investment decreased by 28.26% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to decrease in Return earn from Investment on the F.Y. 2023-24.
NOTE 1.21
No transactions to report against the following disclosure requirements as notified by MCA pursuant to amended Schedule III:
a) Crypto Currency or Virtual Currency
b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder
c) Registration of charges or satisfaction with Registrar of Companies
d) Relating to borrowed funds
i) Wilful defaulter
ii) Utilisation of borrowed funds & share premium
iii) Borrowings obtained on the basis of security of current assets
iv) Discrepancy in utilisation of borrowings
v) Current maturity of long term borrowings
NOTE 1.22 DISCLOSURE OF TRANSACTIONS WITH STRUCK OFF COMPANIES
The Company did not have any material transactions with companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of Companies Act, 1956 during the financial year.
The Company has increased its Authorized Share Capital from Rs. 10,00,00,000 to 12,00,00,000 by passing resolution dated 25th August, 2023 in its EGM. Furthermore, the company has again increased its Authorized Share Capital from Rs. 12,00,00,000 to 15,00,00,000 by passing resolution dated 21st December, 2023 in its EGM.
The company has issued 22,22,000 Fully Convertible Share Warrants of Rs. 113/- each (Face Value- Rs. 10/- each) to the 8 Allottees vide resolution passed at its meeting of Board of Directors dated 22nd February, 2024. Rs.6,27,71.500 at the rate of Rs.28.25/- per warrant, being 25% of the issue price per warrant is received as upfront payment (Warrant Subscription Price).
(f) The Company has only one class of shares referred to as Equity Shares having a par value of Rs. 10/-. Each holder of
Equity Shares is entitled to one vote per share. In the event of liquidation of the Company, the holders of Equity Shares will be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of Equity Shares held by the shareholders.
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