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NOTE - 21 CONTINGENT LIABILITIES AND COMMITMENTS (TO THE EXTENT NOT PROVIDED FOR)
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|
A Contingent Liabilities
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(a) Claims against the company not acknowledged as debts
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NIL
|
NIL
|
|
(b) Guarantees
|
NIL
|
NIL
|
|
B Commitment
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|
(a) Estimated amount of contracts remaining to be executed
|
NIL
|
NIL
|
|
on capital account and not provided for NOTE - 22 REVENUE FROM OPERATIONS
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|
Sale of Traded Goods
|
-
|
-
|
|
TOTAL
|
|
|
|
NOTE - 23 OTHER INCOME
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|
Interest Income
|
22.78
|
44.74
|
|
Interest on I.T. Refund
|
0.19
|
0.19
|
|
Other Income
|
-
|
0.15
|
|
Profit on sale of assets
|
2.39
|
|
|
TOTAL
|
25.36
|
45.08
|
|
NOTE - 24 COST OF MATERIAL CONSUMED
|
|
Purchase of Traded Goods
|
-
|
|
|
TOTAL
|
|
|
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NOTE - 25 EMPLOYEE BENEFIT EXPENSES
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|
Salaries, Wages & Incentives
|
16.79
|
20.07
|
|
TOTAL
|
16.79
|
20.07
|
|
NOTE - 26 FINANCE COSTS
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|
Interest on Term Loans
|
-
|
0.61
|
|
Bank Charges & Others
|
0.11
|
0.00
|
|
Interstto others
|
072
|
-
|
|
TOTAL
|
0.83
|
0.61
|
|
NOTE - 27 OTHER EXPENSES
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|
Auditors Remuneration
|
0.50
|
0.50
|
|
Advertisement & Publicity
|
0.46
|
0.52
|
|
GST Expenses
|
-
|
0.08
|
|
Donation
|
-
|
0.11
|
|
Insurance
|
0.26
|
0.62
|
|
Legal & Professional Charges
|
0.60
|
6.09
|
|
Printing & Stationery
|
0.76
|
0.29
|
|
Communication Expenses
|
0.29
|
0.52
|
|
Secretarial Expenses
|
8.63
|
7.09
|
|
Balance written off
|
2.37
|
-
|
|
Vehicles Running & Maintenance
|
2.37
|
0.93
|
|
General Expenses
|
0.02
|
0.00
|
|
TOTAL
|
16.27
|
16.74
|
NOTE - 28 Additional Information to the financial statements
28.1 Confirmation of balances from some of parties appearing under the head current liabilities, sundry debtors, loans and advances are awaited.
28.2 In the opinion of the Board of Directors, the current assets, loans and advances are approximately of the value stated if realized in the ordinary course of business and the provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.
28.3 Interest Income of Rs. 13.94 lakh is booked in Quarter 4 on loans and advances of Rs. 8.34 Crore given to M/s Victory Software Pvt. Ltd.
28.4 The foreign subsidiary namely M/s Sybly International FZE has been winded up dated 24/07/2024 so Consolidated financial statement is not applicable The foreign subsidiary namely M/s Sybly International FZE has turned into a loss investment in financial year 2022-23 and any amount including the Loan receivable from the subsidiary, is not recoverable. Further In the financial year 2022-23, the company has made a provision of Impairment Loss on the carrying amount of the Investment of Rs, 7.29 Lakhs and Provision of Unrecoverable Loan Receivable of Rs. 5675.87 lakhs and write off provision of Currency Fluctuation Reserve of Rs. 2454.18 Lakh.
28.1 There is no proceeding initiated or pending under the Benami Transactions (Prohibition) Act, 1988 for the Benami Properties.
28.2 There are no working capital advances /loans from any bank or financial institution and company does not hold any inventory.
28.3 Company has not revalued its Property Plant and Equipments (PPE) and Capital Work in Progress (CWIP) during the year.
28.4 The company is not declared as a wilful defaulter by any bank or financial Institution.
28.5 The Company does not have any relationship with any struck off company.
28.6 There is no pending registration of charges or pending satisfaction of charge with Registrar of Companies (ROC) beyond statutory limits.
28.7 The Company has not undertaken any Scheme of the arrangement during the year.
28.8 The Company has not borrowed any funds from Bank/NBFCs, and its share are issued at face value and therefore there is no share premium.
28.9 The Company has not surrendered or disclosed any transaction, as "not" recorded in the accounts, as income in the tax assessment during the year.
28.10 Company does not hold or transact in any Crypto Currency or Virtual Currency
28.11 There are no intangible assets under development in the company.
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