2.16 Provisions, Contingent Liabilities and Contingent Assets (AS-29)
A Provisions is recognized when the company has a present obligation as a result of past event, if it is probable that there will be an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of obligation. Contingent liabilities are not recognized but are disclosed in the notes. Contingent assets are neither recognized nor disclosed in firiancial statements.
2.17 Others:
On the basis of the records available with the Company, there is no interest payable to the entity which qualifies under the definition of Micro, Medium & Small Enterprises under the Micro, Small and Medium Enterprises Development Act, 2<506.
2.18 Undisclosed Income:
There is no any transactions which not recorded in the books of account have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (43 of 1961.
3.2 Revaluation of Property, Plant and Equipment:
The company has not revalued it’s any Property, Plant and Equipment during the
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reporting period.
3.3 Disclosure on Loans/ Advance to Directors/ KMP/ Related parties:
No Loans or Advances in the nature of loans are granted to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, that are:
(a) repayable on demand or
3.4 Capital-Work-in Progress (CWIP)
Company has purchased a land at Plot No-Hl-74, RIICO Industrial Area, mansarovar Jaipur 302020 of Rs 6.5 crore on which factory building is under construction, company has taken a term loan from HDFC therefore all borrowing cost i.e. Rs. 76,90,385.17 (Processing Fees & Interest) of HDFC Bank is capitalized under the head land and building cost. No depreciation has been charged.
£
3.5 Intangible assets under development:
There is no Intangible asset under development in the company at the balance sheet
date
3.6 Details of Benami Property held:-
There are no any proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.
3.7 Borrowings from banks or financial institutions on the basis of security of current assets:
No, company has not been sanctioned working capita] limits in excess of five crore rupees, in aggregate, from banks or financial institutions on the basis of security of current assets.
3.8 Disclosure of willful defaulter:
Company has not been declared willful defaulter by any bank or financial Institution or other lender.
3.9 Relationship with Struck off Companies:
Company has no any transactions with companies struck off under section 248 of the Companies Act 2013 or section 560 of Companies Act, 1956.
3.10 Registration of charges or satisfaction with Registrar of Companies
There are no any charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period .
3.1 1 Compliance with number of layers of companies:
The company has not any subsidiary company during or at the end of reporting period.
3.12 Ratio Analysis: (Amount in Lakhs)
Separate Sheet Attached
3.13 Compliance with approved Scheme(s) of Arrangements:
The company has not become part of any Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013
For VINOD SINGHAL & CO LLP For SIGNORIA CREATION LIMITED
Chartered Accountants F.R.N.: 005826C/400276
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CA Manish Khandelwal OiTtrYLftf1] Vas-uHe^Agarwal
Partner JITENDRA JAIN Managing Director
M.No. 425013 Chief Financial Officer (Din: 00178146)
Date:-20.05.2024 PAN:-AFFPJ2578A v - - .
Jaipur, '
UDIN-24425013BKAITE2118 /'v ' Mohit Agarwal
SHEKHAR PAREEK Director
Company Secretary (Din: 07501010)
PAN:- CZGPP5027B
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