1.12 Provisions, Contingent liabilities and contingent assets
a) Provisions
Provisions are ificognited only when there is u present obligation as a result of past events and It is probable ttist
an outflow of resources will be required to settle the obligation In respect of which a reliable estimate can be
made.
b) Contingent liability
It is disclosed for;
a Possible obligations which will be confirmed only by future events not wholly within the control of the company,
or
b. Present obligations arising from past events where it is nor probable that an out flow of resources will be
Required to settle the obligation or are liable estimate of the amount of the obligation can not be made
c) Contingent Assets
A contingent asset is a possioie asset that arises from past events and whose existence will be confirmed only by
the occurrence or non-occurrence of one or more uncertain future events no: wholly within the control of the
Company. Contingent assets are not recognised and disclosed only when an Inflow of economic benefits Is
probable.
1.13 Foreign currency transactions and translations
Transactions in foreign currencies entered into by the Company are accounted for at the exchange rate prevailing
at the date of transaction Foreign currency monetary assets and liabilities remaining unsettled at the end of the
year are translated at The exchange rate prevailing at the end of the year All differences arising on settlement /
restatement are adjusted in the statement of profit and loss
22 Segment reporting
Operating segments are defined ar. components of an enterprise for which discrete financial information is
available that Is evaluated regularly by the chief operating decision maker (CODM), in deciding how to allocate
resources and assessing performance The Company's chief operating decision maker is the managing direct or
and the company has only one reportable business segment
23 Employee benefit plans
The Company rnakescontributions towards provident fund, a defined contribution retirement benefit plan for
qualifying employees The provident fund Is operated by the Regional Provident Fund Commissioner The
Company recognized Rs.1.56 lakhs{ Previous VearRs. 1.81 lakhs) for provident fund contributions in the
Statement of Profit and Loss The contributions payable to these plans by the company are at rates specified in
the rules of the scheme.
Fair value hierarchy
Financial assets and financial liabilities measured ot fall value in the statement of Financial position are grouped
into three levels of a fair value hierarchy The three levels are defined based on the observability of significant
inputs to the measurement, as follows:
levell: Quoted prices {unadjusted) Inactive markets for In ancial instruments,
Level 2: The fair value of financial instruments that are not traded in an active market is determined using
valuation
Techniques which maximize the use of observable market data rely as little as possible one ntity specifices
timates.
Level 3:lf one or more of the significant inputs is not based on observable market data, the instrument
Isincludedink*vcl3.
28 Capital management
The company';, objectives when managing capital Is to safeguard continuity, maintain a strong credit fating and
healthy capitalratio* in order to support its husmess and provide adequate return to shareholders through
continuing growth and maximise the shareholder’s value The company's overall strategy remains unchanged
from previous year The following table summarizes the capital of tho company
29 Contingent liabilities and capital commitment
The company 15 not having any contingent liabilities or capital commliments
30 Micro small & medium enterprises
Information required to be furnished as per section 22 of the micro, small and mediurrenterprises development
act, 2006 (MSME Act) and Schedule II ol the Companies Act. 2013 for the year ended March 31. 2024. This
information has been determined to the extent such parties have been mdentified on the basis of Information
available with the company and relied upon by auditors
For Jain & Golechha For and gnbetalt of board of diroctori
Chartered Accountant! Unjhd FormnUtlom limited
FHM1196J7W
Vavh K. Golechha K/utibcrv M. Patel Eiha M. fa lei Ganpot Prajapati i>*«r P.ftay
Partner Wanajjinc Director Director CFO Company Secretary
M.no:607S97 DIN.C1B6M27 DIN10100H6 ACiKo.S7S20
UWN:I4W7597BKFTKZ8SJ7
Date 17.0S.J024 0re:175j.2(W4
ftite:Af>riifd»fcjd Ptatc'.MdbWf
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