2.12 Provisions/Contingencies
(a) Provision involving substantial degree of estimation in measurements is recognized when there is a present
obligation as a result of past events and it is probable that there will be an outflow of resources.
(b) Contingent Liabilities are shown by way of notes to the Accounts in respect of obligations where, based
on the evidence available, their existence at the Balance Sheet date is considered not probable.
(c) A Contingent Asset is not recognized in the Accounts.
2.13 Segment Reporting
_ A. Business Segments:
Based on the guiding principles given in Accounting Standard 17 (AS - 17) on Segment Reporting
issued by ICAI, the Company has only one reportable Business Segment which is engaged in
business of providing one-stop logistical solution in India. Accordingly, the figures appearing in
_ these financial statements relate to the Company's single Business Segment.
B.Geographical Segments
The Company activities / operations are confined to India and as such there is only one geographical
segment. Accordingly, the figures appearing in these financial statements relate to the Company's
_ single geographical segment.
2.14 Foreign Currency Transactions
During years under review the company has not entered into any foreign transactions.
2.15 Balance Confirmations
Balance of Debtors & Creditors & Loans & advances Taken & giving are subject to confirmation and
subject to consequential adjustments, if any. Debtors & creditors balance has been shown separately
and the advances received and paid from/to the parties is shown as advance from customer and
_ advance to suppliers.
2.16 Regrouping
Previous years figures have been regrouped and reclassified wherever necessary to match with
_ current year grouping and classifiaction.
2.17 Pandemic (Covid-19) impact
The World Health Organization announced a global health emergency because of a new strain of
coronavirus (“COVID-19”) and classified its outbreak as a pandemic on 11 March 2020. On 24 March
2020, the Indian government announced a strict 21-day lockdown across the country to contain the
spread of the virus. The management has made an assessment of the impact of COVID-19 on the
Company's operations, financial performance and position for the year ended 31 March 2023 and has
concluded that no there is no significant impact which is required to be recognized in the financial
statements. Accordingly, no adjustments are required to be made to the financial statements.
8. Return on Investment ratio decreased by 100.00% for the F.Y. 2024-25 as compared to F.Y. 2023-24 due
to decrease in Market Value at the end of the year ended 31.03.2025.
No transactions to report against the following disclosure requirements as notified by MCA pursuant to
amended Schedule III:
a) Crypto Currency or Virtual Currency
b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made
thereunder
c) Registration of charges or satisfaction with Registrar of Companies
d) Relating to borrowed funds
i) Wilful defaulter
ii) Utilisation of borrowed funds & share premium
iii) Borrowings obtained on the basis of security of current assets
iv) Discrepancy in utilisation of borrowings
v) Current maturity of long term borrowings
e) There are no layer of companies, hence no disclosures are required.
f) There is no scheme of arrangement approved in terms of section 230 to 237 of Companies Act, 2013.
g) There are no loans and advances in the nature of loans that are granted to promoters, directors, KMP's and
other related parties either severally or jointly with anyother person that are repayable on demand.
h) The company does not have any transaction not recorded in the books of accounts that has been surrendered
or disclosed as income during the year in the income tax assessments under the Income tax Act, 1961.
i) The company has not advanced or loaned or invested funds to anyother person(s) or entity(ies), including
foreign entities (intermediaries) with the understanding that the intermediaries shall:
(i) Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or
on behalf of the company (ultimate beneficiery) or
(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate beneficieries
j) The company has not received from any person(s) or entity(ies), including (funding party) with the
understanding that the company shall:
(i) Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or
on behalf of the company (ultimate beneficiery) or
(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate beneficieries
DISCLOSURE OF TRANSACTIONS WITH STRUCK OFF COMPANIES
The Company did not have any material transactions with companies struck off under Section 248 of the
Companies Act, 2013 or Section 560 of Companies Act, 1956 during the financial year.
MATERIAL DEVELOPMENTS AFTER BALANCE SHEET DATE: Nil
II Defined benefit plans
Gratuity
The Company should provide for gratuity for employees in India as per the Payment of Gratuity Act,
1972. Employees who are in continuous service for a period of 5 years are eligible for gratuity. The
amount of gratuity payable on retirement/ termination is the employees last drawn basic salary per month
computed proportionately for 15 days salary multiplied for the number of years of service, subject to a
payment ceiling of INR 20,00,000/-.
Based on the actuarial valuation obtained in this respect, the following table sets out the details of the
employee benefit obligation as at balance sheet date:
V Sensitivity analysis method
Significant actuarial assumptions for the determination of the defined benefit obligation are discount rate
and expected salary increase rate. Effect of change in mortality rate is negligible. Please note that the
sensitivity analysis presented below may not be representative of the actual change in the defined benefit
obligation as it is unlikely that the change in assumption would occur in isolation of one another as some
of the assumptions may be correlated.
| 