11. Provisions. Contingent Liabilities and Contingent Assets: - (Indian Accounting Standards)
Provisions are recognized only when there is a present obligation as a result of past events and
when a reliable estimate of the amount of the obligation can be made.
Contingent Liabilities is disclosed in Notes to the account for: -
(i) Possible obligations which will be confirmed only by future events not wholly within the
control of the company or
(ii) Present Obligations arising from past events where it is not probable that an outflow of
resources will be required to settle the obligation or a reliable estimate of the amount of the
obligation cannot be made.
Contingent assets are not recognized in the financial statement since this may result in the
recognition of the income that may never be realized.
12. Earnings Per Share
Basic earnings per share is calculated by dividing the net profit or loss for the yearattributable to
equity shareholders (after deducting attributable taxes) by theweighted averages number of equity
shares outstanding during the year.
For the purpose of calculating diluted earnings per share, the net profit or loss for theyear
attributable to equity shareholders and the weighted average number of sharesoutstanding during
the year are adjusted for the effects of all diluted potential equityshares.
General:
Except wherever stated, accounting policies are consistent with the generally accepted accounting
principles and have been consistently applied.
(B) Additional Notes on Financial Statements:
1. The SSI status of the creditors is not known to the Company; hence the information is not given.
2. Salaries includes director’s remuneration on account of salary Rs. NIL /- (Previous Year Rs. NIL
/-)
3. Trade receivables, Trade payables, Loans & Advances and Unsecured Loans have been taken at
their book value subject to confirmation and reconciliation.
5. Loans and Advances are considered good in respect of which company does not hold any security
other than the personal guarantee of persons.
6. Related Party disclosure as identified by the company and relied upon by the auditors:
(A) Related Parties and their Relationship
(I) Key Management Personnel (KMP)
1. Mr. Sidharth Goyal
2. Ms. Ananyaa Pandey
3. Mr. Ashwin Dorairajan
4. Mr. Sushil Kumar
5. CS Megha Dhruv (resigned w.e.f. 17.02.2024)
(CS Hemant Chauhan has been appointed as on 16.05.2024)
(II) Relative of Key Management Personnel (KMP)
1. Hemant Kumar Goyal
2. Chaman Goyal
(III) Enterprises owned or significantly influenced by Key Management personnel or their relatives
(KMP)
1. Jeen Social Development Foundation
2. Jeen Universal Foundation
11. Previous periods/year figures have been regrouped, rearranged and re-classified wherever
necessary to confirm to current periods classification.
As per our report of even dated attached
For R C Agarwal & Co. For M/s HELPAGE FINLEASE LIMITED
Chartered Accountants
FRN: 003175N
Sd/- Sd/- Sd/-
CA Pravin Kumar Jha Sidharth Goyal Ananyaa Pandey HemantChauhan
Partner Managing Director Director Company Secretary
Membership No. 506375 DIN: 02855118 DIN: 06966851 &Complianceofficer
M. No. A61772
Place: New Delhi
Date: 30th May 2024
UDIN: 24506375BKCFSG4034
| 