i. The Company has only one class of equity share having a i«u value of Rs. 10/-per share as at 31st March 2024. li. Each holder of equity shares is entitled to one vote per share,
iii. In the event of liquidation of the C ompany, the holders of equity shares shall be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts The amount distributed will be in proportion to the number of equity shares held by the shareholders.’
iv. The Company have been formed pursuant to the conversion of the erstwhile Partnership Firm into the company, purusant to which 1,73,00 000
were issued to the existing partners of the Partnership Firm on 12st January, 2024.
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Note i 30 Contingent Liabilities
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(? In Lakhs)
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Particulars
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As at March 31, 2024
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Bank Guarantee in respect of Work Contract
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79 25
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In Respect of TDS
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1 13
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In Respect of GST
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116.59
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In Respect of Income Tax
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49 73
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TOTAL
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246.71
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I As this is the first year of incorporation, analytical ratios from previous years are not applicable. Consequently, variances cannot be calculated
2. In the Debt Equity Ratio, Closing Shareholder's Equity has been considered since this is first year of incoporation
3. In the Debt Service Ratio, Debt Sendee, which comprises interest and scheduled principal repayments of long-term borrowings, has been calculated from the date of incorporation up to the period ending on March 31,2024
4 In Return on Equity Ratio, Closing Shareholder's Equity has been considered since this is first year of incoporation
5 In inventory Turnover Ratio, Stock Transfer on Conversion of LLP to Company and Closing Inventories has been considered while calulating Average Inventories
6, In Trade Receivable Turnover Ratio, Closing Trade Receivable has been considered. Due to seasonal nature of business of the company, Trade Receivables are high at the year end
7 In Tiade Payable Turnover Ratio, Closing Trade Payable has been considered
8 In Return on Capital Employed, Closing Balance of Equity Shareholders Fund amd Long & Short Term Debts has been considered
Details of Benami Property Held
The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami properly
Wilful Defaulter
The company has not been declared as a wilful Defaulter by any Financial Institution or bank as at the date of Balance Sheet Relationship with Struck off Companies
The Company do not have any transactions with companies struck off.
Registration of charges or satisfaction with Registrar of Companies (ROC)
Since the partnership "M/s Vision Infra” has been converted into a 11 Vision Infra Equipment Solutions Limited" company, the existing loan is still pending the creation of a charge
Compliance with number of layers of companies
The company has complied with the provision of the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017
Compliance with approved Schemc(s) of Arrangements
There are no Schemes of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013 Discrepancy in utilization of borrowings
The company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date There are no discrepancy in utilisation of borrowings.
Utilisation of Borrowed funds and share premium:
(A) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person!s) or entity!ies). including foreign entities (Intermediaries),
(B) the company has not leceived any fund from any person(s) or enlity(ies), including foreign entities (Funding Party).
The company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (intermediaries) with the understanding that the intermediary shall:
a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries), or
b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries;
The Company have not received any fluid from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:
a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or;
b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries
yotc-JS Additional tnfnrnwtion:____
Undisclosed income
The Company has no transaction that is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as. search or survey or any other relevant provisions of the Income Tax Act, 1961),
Details of Crypto Currency or Virtual Currency
The company has not traded or invested in Crypto currency or Virtual Currency
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