J. Provisions
Provisions for legal claims, service warranties, volume discounts and returns are recognized when the Company
has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources
will be required to settle the obligation and the amount can be reliably estimated. Provisions are not recognized
for future operating losses.
Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is
determined by considering the class of obligations as a whole. A provision is recognized even if the likelihood of
an outflow with respect to any one item included in the same class of obligations may be small.
Provisions are measured at the present value of managements best estimates of the expenditure incurred to settle
the present obligation at the end of the reporting period. The discount rate used to determine the present value is
a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the
liability.
The increase in the provision due to the passage of time is recognized as interest expense.
K. Trade receivables
Trade receivables are recognized initially at fair value and subsequently measured at amortized cost using the
effective interest method, less provision for impairment.
Trade Receivables have been taken at fair value subject to confirmation and reconciliation.
L. Trade payables
These amounts represent liabilities for goods and services provided to the Company prior to the end of financial
year which are unpaid. The amounts are unsecured and are usually paid as per the agreed terms. Trade and other
payables are presented as current liabilities unless payment is not due within 12 months after the reporting period.
They are recognized initially at their fair value and subsequently measured at amortized cost using the effective
interest method.
14. The management is of the view that the investment in equity shares of Unlisted companies amounting Rs.
320.66 lacs have to be written off as the company has been struck off and no amount can be realised from
the same.
15. During the year, the company has borrowed Car Loan from Bank of India on which Balance o/s is Rs.89.77
lacs are Long Term borrowings.
16. There are no charges or satisfaction of charge pending to be registered with Registrar of Companies beyond
the statutory period, as applicable.
17. The company has not been declared wilful defaulter by any bank or financial institution or other lender during
the year.
18. The company has complied with the number of layers prescribed u/s 2(87) of the Act read with Companies
(Restriction on number of layers) Rules, 2017.
19. The company does not hold any Benami property and no proceeding have been initiated or pending against
the company in such respect.
20. The company has not entered into any transactions with struck off companies.
21. The company has not traded or invested in Crypto currency or Virtual Currency during the year.
22. The company has made detailed assessment of its liquidity position and of the recoverability and carrying
value of its assets as on the balance sheet date and has concluded that no material adjustments are required to
be made in financial statements.
23. In the opinion of the management all the assets of the company have a value on realization in the ordinary
course of business, at least equal to the amount at which they are stated in the financial statements.
24. Previous year figures have been regrouped/rearranged wherever necessary.
25. Whenever the balance confirmation is not available from the parties, the balance as appearing in the books of
accounts have been considered.
Signed In terms of our report attached. For and on behalf of the Board of Directors
For & on behalf of
BAS & Co. LLP Sd/- Sd/-
Chartered Accountants
FRN .: 323347E/E300008 (Sanjeev Kumar Jha) (Urmil Gupta)
Chairperson Director
DIN-02840583 DIN-07070194
(CA Ritika Agarwal)
Designated Partner Sd/- Sd/-
M. No. 527731 (Muskan Suhag) (Monica Asri)
Place: New Delhi Company Secretary Chief Financial Officer
Date: 30th May, 2025 M.No: 75927 PAN:BOEPS4419G
UDIN: 25527731BMIARW3624
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