Terms/ rights attached to equity shares
The Company has only one class of equity shares 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 holders 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 shares held by the shareholders.
21. Going Concern:
During the year the Company has commenced its activities. The company has recognized the impairment loss on Property, Plant and Equipment wherever required.
22. Employee benefit plans
The Company doesn't have any employees hence gratuity liability is not provided during the year.
Fair value hierarchy:
The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable and consists of the following three levels:
Level 1 — Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level2— Inputs are other than quoted prices included within Level1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).
Level3—Inputs are not based on observable market data (unobservable inputs). Fair values are determined in whole or in part using a valuation model based on assumptions that are neither supported by prices from observable current market transactions in the same instrument nor are they based on available market data.
27. Financial risk management
The Company is exposed to various risks such as credit risk, liquidity risk and market risk. i. Credit risk
Credit risk arises due to customer's failure to repay the debts according to the contractual terms and conditions. It consists of two elements viz. risk of default in payment and decrease in the creditworthiness of the customers. Credit risk is controlled by analyzing credit limits and creditworthiness of customers on a continuous basis to whom the credit has been granted after obtaining necessary approvals for credit.
Since the Company is not engaged in Exports, it is not exposed to risk associated with other geographies. ii. Market risk
The risk that the fair value of the financial instrument may fluctuate because of change in market conditions. Such changes in the values of financial instruments may result from changes in the interest rates, credit, liquidity and other market changes.
The Company is unable to meet its short term and long term financial obligations as it casts serious doubts about the Going Concern assumption.
28. Foreign exchange earnings and outgo:
The earnings and outgo in foreign currency is Rs. Nil for the year ended March 31, 2025 (Rs. Nil for March 31, 2024).
29. Contingent liability not provided for:
a. Some of the Customers and a Vendor has filed suit against the Company. However, as per the perception of the Company, there is no liability.
30. Deferred Tax asset:
During the year the Company has commenced its activities however there is no convincing evidence which demonstrates the virtual certainty of the realization of such deferred tax asset. Hence the Company has not recognised the deferred tax asset.
32. Details of dues to micro and small enterprises as defined under MSMED Act, 2006
The Company does not have any system to identify the vendors who are registered under the MSMED Act, 2006. Hence, it was not possible to opine on the requirements under the MSMED Act.
33. Inventories
As per the perception of the management, closing stock is approximately of the value stated if realized in the ordinary course of business. The Company has carried out the physical verification of the closing stock as on 31 March 2025.
34. Capital commitments:
The capital commitment as at March 31, 2025was Rs. Nil (March 31, 2024 - Rs. Nil).
35. Relationship with Struck off Companies
The Company has not entered into any relationship with the struck-off Company during the financial year 2024-25. (March 31, 2024 - Nil).
36. Previous period's / year's figures have been regrouped where necessary to conform to current period's classification.
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