15(b) Fair value hierarchy
No financial instruments are recognised and measured at fair value for which fair values are determined using the
During the year there are no financial instruments which are measured at Level 1 and Level 2 category.
The fair value of financial instruments referred above have been classified into three categories depending on the inputs
used in the valuation technique. The hierarachy gives the highest priority to quoted prices in active market for identical
assets or liabilities (level 1 measurements) and lowest priority to unobservable inputs (level 3 measurements). The
categories used are as follows :
Level 1: This hierarchy includes financial instruments measured using quoted prices.
Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation
techniques which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If
all significant inputs required to fair value an instrument are observable, the instrument is included in level 2.
Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level
3.
There are no transfers between the levels during the year.
Valuation processes :
For level 3 financial instruments the fair values have been determined based on present values and the discount rates
used were adjusted for counterparty or own credit risk.
The carrying amounts of all financial assets and iabilities are considered to be the same as their fair values.
The Company's business activities expose it to a variety of financial risks, namely liquidity risk, market risks and credit risk. The Company's senior
management has overall responsibility for the establishment and oversight of the Company's risk management framework. The Company has
constituted a Risk Management Committee, which is responsible for developing and monitoring the Company's risk management policies. The key
risks and mitigating actions are also placed before the Audit Committee of the Company. The Company's risk management policies are established
to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk
management policies and systems are reviewed regularly to reflect changes in market conditions and the Company's activities.
A.Management of Liquidity Risk:
Liquidity risk is the risk that the company will face in meeting its obligations associated with its financial liabilities. The company's approach to
managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due without incurring unacceptable losses. In doing this,
management considers both normal and stressed conditions. A material and sustained shortfall in our cash flow could undermine the company's
credit rating and impair investor confidence.
The following table shows the maturity analysis of the company's financial liabilities based on contractually agreed undiscounted cash flows as at
the balancesheet date:
B. Management of Market risks
Market risks comprises of:
- price risk; and
- interest rate risk
The company does not designate any fixed rate financial assets as fair value through profit and loss nor at fair value through OCI.Therefore
company is not exposed to any interest rate risks.Similary company does not have any financial instrument which is exposed to change in price.
C. Management of Credit Risks
Credit risk is the risk of financial loss to the company if a customer or counter-party fails to meet its contractual obligations.
Trade receivables
Concentrations of credit risk with respect to trade receivables are limited, due to the company's customer base being large and diverse and also on
account of
member's deposits kept by the company as collateral which can be utilised in case of member default. All trade receivables are reviewed and
assessed for
default on a quarterly basis.
Our historical experience of collecting receivables, supported by the level of default, is that credit risk is low.
Company is not exposed to any other credit risks.
D. Capital Management
The company considers the following components of its Balance Sheet to be managed capital:
Total equity as shown in the balance sheet includes retained profit and share capital.
The company aim to manages its capital efficiently so as to safeguard its ability to continue as a going concern and to optimise returns to our
shareholders. The capital structure of the company is based on management's judgement of the appropriate balance of key elements in order to meet
its strategic and day-to-day needs. We consider the amount of capital in proportion to risk and manage the capital structure in light of changes in
economic conditions and the risk characteristics of the underlying assets. In order to maintain or adjust the capital structure, the company may adjust
the amount of dividends paid to shareholders, return capital to shareholders or issue new shares.
The company's policy is to maintain a stable and strong capital structure with a focus on total equity so as to maintain investor, creditors and market
confidence and to sustain future development and growth of its business. The company will take appropriate steps in order to maintain, or if
necessary adjust, its capital structure. company is not subject to financial covenants in any of its significant financing agreements.
The management monitors the return on capital as well as the level of dividends to shareholders.
Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision Maker
("CODM") of the CompanyThe CODM, who is responsible for allocating resources and assessing performance of the operating segments,
has been identified as the Director of the Company. The company has identified the company as one reportable segment based on the
information reviewed by CODM.
(a) Description of segments and principal activities
The Company is engaged In business of renting & leasing.The Company provide services to external customers.
(b) Segment revenue
The company operates as a single segment. The segment revenue is measured in the same way as in the statement of profit or loss.
Note 18: Related party transactions
In compliance with Ind AS 24 - "Related Party Disclosures", as notified under Rule 3 of the Companies (Indian Accounting Standards)
Rules, 2015 and Companies ( Indian Accounting Standards) Amendment Rules, 2016 the required disclosures are given in the table below:
Note 20: Note
The company has availed working capital (Secured ) loans from Punjab National Bank and Bank of India. The
accounts has been classified as non performing assets in A. Y. 2016 - 17 by the respective banks vide their letter
dated 11-05-2016 with effect from 31-03-2016 due to non service of interest. Further the lead bank Punjab National
Bank has initiated action as provided under section 13(4) of the SARFAESI Act 2002.
Cash credit limit from Punjab National Bank and Bank of India for Rs. 10 crore and 5 crore respectively, which has
been classified as "Non - Performing Assets" by the lead banker as on 31-03-2016. The company has not received
balance confirmation from the bankers as on 31-03-2016, 31-03-2017, 31-03-2018, 31-03-2019 & 31-03-2020. Pending
confirmation received the company has not provided for interest payable in the financial statement till 31-03-2019
since the same is not quantifiable and acordingly the loss for the year is understated to that extent.
We refer to the outstanding debtor's receivable as reflected in current assets of Rs. 41,10,67,159/- which are
outstanding for more than three years. The amount outstanding are unconfirmed by the parties.
We refer to the outstanding creditor's payable as reflected in current liabilities of Rs. 15,82,47,094/- which are
outstanding for more than three years. The amount outstanding are unconfirmed by the parties.
Note 21: Offsetting financial assets and financial liabilities
The following table presents the recognised financial instruments that are offset and other similar agreements but not offset, as at 31 March
2025 and 31 March 2024 . The column 'net amount' shows the impact on the company's balance sheet if all set-off rights were exercised.
(a) Offsetting arrangements
(i) Trade receivables and payables
The group gives volume-based rebates to selected trade customers. Under the terms of the supply agreements, the amounts payable by
company are offset against receivables from the trade customers and only the net amounts are settled. The relevant amounts have therefore
been presented net in the balance sheet.
22. ASSETS PLEDGE AS SECURITY
The carrying amounts of assests pledged as security for current and non - current borrowings are :
Note 23: Contingent Liabiltiy and Commitments Rs. Nil ( Nil)
Note 24: Previous Year Comparatives:
Previous Year figures have been regrouped, recast and reclassified where ever necessary to confirm to current year's presentation.
For ASHOK BAIRAGRA & ASSOCIATES For and on behalf of the Board of Directors
Chartered Accountants
Firm Registration No. 118677W
Ashish Jalan Gaurav Doshi Ronak Doshi
Partner Chairman & Vice Chairman &
Membership No. : 125707 Managing Director Whole Time Director
Place: Mumbai DIN : 00166703 DIN : 00102959
Dated: 30th August, 2025 Dated: 30th August, 2025 Dated: 30th August, 2025
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