Provisions and Contingencies
‘Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past
event, it is probable that the Company will be required to settle the obligation, and a reliable estimate can be made
of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present
obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the
obligation. When a provision is measured using the cash flows estimated to settle the present obligation, its carrying
amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third
party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the
amount of the receivable can be measured reliably.
GST input credit
GST input credit is accounted for in the books in the period in which the underlying service received is accounted
and when there is reasonable certainty in availing/ utilising the credits.
Segment Reporting
The Company is mainly engaged in manufacturing and sale of Vinyl Flooring, PVC Sheeting and Artificial leather
clothes. From the Operations of the Company, it is considered as a single business products and accordingly
segment reporting on business segment is not required. The Company has identified its geographical segments
based in the areas in which the customers of the company are located. However, it is not feasible to maintain
the accounts on the basis of geographical segments. Hence, segment reporting on geographical segments is not
prepared.
34: Other Non-Operating Income under the head Other Income of Note 22 includes ? 40.41 Lacs (Previous Year ? 40.88 Lacs)
- related to Exchange Fluctuation.
35: The Directors have recommended the payment of dividend of ? 0.15 per fully paid up equity shares. The proposed dividend
is subject to the approval of shareholders in the ensuing annual general meeting.
36: There are no Micro, Small and Medium Enterprises, to whom the Company owes dues, which are outstanding
for more than 45 days as at 31st March,2025. This information as required to be disclosed under the Micro, Small and
Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the
basis of information available with the Company.
Interest Rate Risk
Interest rate exposure of the Company is on borrowing from banks which is linked to prime lending rate of bank and the Company
does not forsee any risk on the same.Unsecured loans were taken on fixed rate of interest.The exposure of the company’s borrowing
to interest rate changes at the end of the reporting follows:
Credit Risk
The Company is exposed to credit risk from its operating activities, primarily trade receivables. The Company extends credit to
distributors in normal course of business and evaluates the concentration of risk with respect to trade receivable as low.
41 Segment Reporting:-
The Company is mainly engaged in manufacturing and sale of Vinyl Flooring, PVC Sheeting and Artificial leather clothes.
From the Operations of the Company, it is considered as a single business products and accordingly segment reporting on
business segment is not required. The Company has identified its geographical segments based in the areas in which the
customers of the company are located. However, it is not feasible to maintain the accounts on the basis of geographical
segments. Hence, segment reporting on geographical segments is not prepared.
44 -During the year the company transferred f 4,15,157/-relating to unpaid dividend for the FY 2016-17 to “Investor’s’
Education Protection Fund”.
45 -Previous year figures have been regrouped, reclassified , and/or rearranged, wherever necessary to make them
comparable with current period’s classification.
As per our report of even date attached
For M A R S & Associates for and on behalf of the Board of Directors of Premier Polyfilm Limited
Chartered Accountants
Firm Registration No. 010484N
Vipul Kumar Gupta Heena Soni Amitaabh Goenka Bhupinder Kaur Marwah P.Mishra
Partner Company Secretary Managing Director & CEO Director CFO
Membership No. 522310 Membership No.A70248 DIN No. 00061027 DIN No. 08399222 PAN No. AMEPM7378R
E-15/144-145, Second Address: B 51, Jain Mandir Address: Vrindavan Farm Address: Spring House Address: Flat No.2,
Floor, Sector-8, Rohini, Gali Near RAMG Samosa, No. 1, Green Avenue No 3, Green Avenue F-Block Alaknanda-
Delhi-110085 Veer Savarkar Block, Block B, Behind Sector D-3, Behind Sector D-3, Apartment
The 17th day of May, 2025 Mandawali, Delhi-110092 VasantKunj, Kishangarh, Vasant Kunj, Kishangarh Rampuri - Ghaziabad(U.P)
New Delhi-110070 New Delhi-110070 201011
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