I Provision, Contingent Liabilities and Contingent Assets
Provisions involving substantial degree of estimation in measurement are recognised when there is a present obligation as a result of past
events and it is probable that there will be an outflow of resources.
Contingent Liabilities are not recognised but are disclosed in the notes. Contingent Assets are neither recognised nor disclosed in the
financial statements.
Details of Contingent liability not recognised in financial statement are as follows:
TDS Demand of Rs. 23,810/-.
FOR AND ON BEHALF OF THE BOARD OF DIRECTORS For, Jay Gupta and Associates
NIKS TECHNOLOGY LIMITED (Erstwhile Gupta Agarwal & Associates)
Chartered Accountants
FRN: 329001E
MANISH DIXIT ANAMIKA ANAND
(MANAGING DIRECTOR) (DIRECTOR) & CFO
DIN: 06888132 DIN: 08229644 Jay Shanker Gupta
(Partner)
Membership No. 059535
UDIN: 24059535BKBIZE5152
PLACE: PATNA AYUSHI KHAITAN Place : Kolkata
DATED: 24.05.2024 COMPANY SECRETARY Date : 24.05.2024
D. Notes:
a. Terms/ Rights Attached To Equity Shares
The Company has only one class of equity share having par value of Rs 10 /- per share . Each holder of Equity share is entitled to one vote
per share.
In the event of liquidation of the company, the holder of equity shares will be entitled to receive remaining assets of the Company after
distribution of all preferential amounts . The Distribution will be in proportion to the number of equity share held by the shareholders.
b. The company has issued 1,00,000 Fully Convertible Share Warrants of Rs. 300/- each (Face Value- Rs. 10/- each) vide resolution passed at
its meeting of Board of Directors dated 23rd October, 2023, to be converted into equity shares before the expiry of 18 months from the date
of its allotment. During the year the company received Rs.75.00 lakhs as full amount for 25000 share warrants which were subsequently
converted into 25000 equity share capital of Rs. 10/- each as mentioned below and received Rs. 75.00 lakhs against 75000 share warrants at
a price of Rs. 300/- each, which were pending for conversion as on balance sheet date.
c. The company has allotted 25,000 equity shares of Rs. 10/- each at a price of Rs. 300/- each vide conversion of 25,000 Fully Convertible
Share Warrants on January 17, 2024.
d. During the F.Y. 2023-24 the company also issued 38600 equity shares of Rs. 10/- each at a price of Rs. 300/- each (incl. premium of Rs.
290/-) vide Shareholder's Resolution passed on October 23, 2023 and allotted on November 23, 2023.
Notes on ratio:
A) Current Ratio is increased by 216.02% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Current Assets in the F.Y. 2023-24
B) Debt-Equity Ratio is increased by 100.00% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Debt in the F.Y. 2023-24
C) Debt-Service Coverage Ratio is increased by 100.00% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Debt and interest cost
in the F.Y. 2023-24
D) Return on Equity Ratio is decreased by 49.70% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Equity in the F.Y. 2023-24
E) Inventory Turnover Ratio is increased by 144.73% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Sales in the F.Y. 2023-24
F) Trade Payables Turnover Ratio is increased by 100% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Average Trade
Payables in the F.Y. 2023-24
G) Net Working Capital Turnover Ratio is decreased by 51.57% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Average
Working Capital in the F.Y. 2023-24
H) Net Profit Ratio is decreased by 41.56% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Sales in the F.Y. 2023-24
I) Return on Investment is decreased by 47.37% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Capital Employed in the F.Y.
2023-24
NOTE 25.
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
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 26. 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.
NOTE 27. EARNING AND EXPENDITURE IN FOREIGN CURRENCY_
As at
Particulars Currency March 31, 2024
Expense in Foreign Currency
Purchase of Traded Goods USD NIL
INR (In lacs) NIL
Purchase of Capital Goods USD NIL
INR (In lacs) NIL
FOR AND ON BEHALF OF THE BOARD OF DIRECTORS For, Jay Gupta and Associates
NIKS TECHNOLOGY LIMITED (Erstwhile Gupta Agarwal & Associates)
Chartered Accountants
FRN: 329001E
MANISH DIXIT ANAMIKA ANAND
(MANAGING DIRECTOR) (DIRECTOR) & CFO
DIN: 06888132 DIN: 08229644 Jay Shanker Gupta
(Partner)
Membership No. 059535
UDIN: 24059535BKBIZE5152
PLACE: PATNA AYUSHI KHAITAN Place : Kolkata
DATED: 24.05.2024 COMPANY SECRETARY Date : 24.05.2024
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