Total Default of Previous years is ' 34.94 Lakhs

5. The deferred tax Assets for the year ended at 31st March, 2024 is as per separate statement attached. On consideration of prudence, deferred tax asset recognized and merged with cumulative deferred tax asset as on the balance sheet date.

6. In the opinion of the Board, the value of current assets, loans and advances stated in Balance Sheet will be realised in the ordinary course of business, except those specifically written-off and subject to clause (5) mentioned above. The provision for depreciation on the Tangible Assets is adequate and that all known liabilities have been provided for.

7. Provision for Doubtful Debts and Loans and Advances

Provision is made in the account for doubtful debts and loans and advances in cases where the management considers the debts, and loans and advances to be doubtful of recovery.

8. Confirmation in respect of Trade Receivable, Loans and Advances & Trade Payables, have not been received by the company and the balances are as appearing in the books of accounts. In the opinion of the management of the company all current assets, debtors, loans & advances are recoverable, to the extent they are stated in balance sheet except dues recoverable from Jet Airways Limited.

In respect of dues from Jet Airways Ltd the company has submitted claim of ' 3.88 Crore along with the interest calculated @ 18% p.a. before National Company Law Tribunal (NCLT) and the same has been acknowledged. The claim of the Company has been listed under the entry No 1484 under regulation 13(2) of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, under the category-Operation Creditors.

10. DETAILS OF DUES TO MICRO, SMALL AND MEDIUM ENTERPRISES AS PER MSMED ACT 2006:

The Company does not possess information as to which of its suppliers are ancillary industrial undertakings/small scale industrial undertaking holding permanent registration certificates issued by Directorate of Industries of state or Union Territory. Consequently the liability, if any of interest on delayed payments to small scale and Ancillary Industrial Undertaking Act, 2006 cannot be ascertained. However, the company has not received any claim in respect of interest.

11. The computation of Net Profit for the purpose of calculation of director's Remuneration under section 197 of the Companies Act, 2013 is not enumerated, since no commission has been paid to any director.

*Earning available for debt service = Net Profit after Taxes Depreciation and amortisation Finance cost **Debts service = Interest and principal repayments

“Explanation is provided for change in the Ratio by more than 25% as compared to the preceding year.

1. Current Ratio = Current Asset/Current Liabilities

Current Asset = Inventories Sundry Debtors Cash and Bank Balances Receivables/ Accruals Loans and Advances Disposable Investments Any other current assets.

Current Liabilities = Creditors for goods and services Short-term Loans Bank Overdraft Cash Credit Outstanding Expenses Provision for Taxation Proposed Dividend Unclaimed Dividend Any other current liabilities

2. Debt Equity Ratio = Total Debt/ Total Shareholder's Equity

Total Debt = Long term Debt Current Maturities Lease Liability Total Shareholder's Equity = Share Capital Reserves and Surplus

3. Debt Service Coverage Ratio = Earnings available for debt services/Debt Service

Earnings available for debt services = Net profit (Earning after taxes) Non-cash operating expenses like depreciation and other amortizations Interest other adjustments like loss on sale of Fixed Asset etc.

Debt Service = Interest Instalments

4. Return On Equity Ratio = Net profit attributable to Equity Shareholders/Total Equity

Net profit attributable to Equity Shareholders = Net Profit after taxes - Preference dividend (if any)

Total Equity = Net Worth/ Equity Shareholders 'Funds

5. Inventory Turnover Ratio = COGS/Average Inventory

Cost Of Goods Sold = Opening Stock Purchases Direct Expenses - Closing Stock Average Inventory = (Opening Stock Closing Stock)/2

6. Trade Receivables Turnover Ratio = Net Credit Sales/Average Trade receivables Net Credit Sales = Sales on Credit - Sales returns - Sales allowances

Average Trade receivables = (Opening Trade Receivables Closing Trade Receivables)/2

7. Trade Payables Turnover Ratio = Net Credit Purchases/Average Trade Payable

Net Credit Purchases = Cost Of Goods Sold (COGS) Opening Inventory - Closing Inventory Average Trade Payable = (Opening Trade Payable Closing Trade Payable)/2

8. Net Capital Turnover Ratio = Net Annual Sales/Working Capital

Net Annual Sales = Total Gross sales - Returns - Allowances - Discounts Working Capital = Current Assets - Current Liabilities

9. Net Profit Ratio = Net Profit/Sales Net Profit = Earnings after taxes (EAT)

10. Return On Capital Employed = EBIT/Capital Employed

Capital Employed = Capital Employed = Total Assets - Current Liabilities Or

Capital Employed = Fixed Assets Working Capital Or

Capital Employed = Equity Long Term Debt

11. Return On Investment = Earnings from Investment/Cost of Investment