55.01 Method of Accounting
The financial statements of the Company have been prepared in accordance with the Indian Accounting Standards
(Ind AS) as per the Companies (Indian Accounting Standards) Rules, 2015 as amended and notified under Section
133 of the Companies Act, 2013 (“the Act”) and other relevant provisions of the Act. of accounting.
55.02 Basis for preperation of financial statements
The financial statements of the Company have been prepared under the historical cost conventions in accordance
with IND AS. Accounting policies not specifically referred to otherwise are consistent and in accordance with Ind
AS.
55.03 Property,Plant and Equipment and Intangible Assets
Property,Plant and Equipment and Intangible Assets are stated at cost of acquisition / construction less
accumulated depreciation. None of the Fixed Assets have been revalued during the year under review.
55.04 Depreciation
Depreciation on Property,Plant and Equipment is calculated on a Written Down Value Method using the rates
arrived at based on the useful lives estimated by the management commonsurate with The Companies Act, 2013
55.05 Investments
Investments are stated at cost of acquisition, if any.
55.06 Revenue recognition
Sales are accounted for on the basis of dispatch to customers, which excludes indirect taxes and duties and other
income is recognized on accrual basis.
55.07 Inventories
The inventories of Raw material, Stores and WIP are valued by the management at cost or market price whichever
is lower and on FIFO basis of physical verification of stock at the end of the year.
55.08 Current Assets, Loans and Advances
In the opinion of the management, the value of all current assets, loans, advances and other realizables are not
less than their realizable value in the ordinary course of business.
55.09 Employee benefit
Retirement Benefits in the form of provident fund contributions are charged to the Profit & Loss Account of the
period when the contributions to the fund are due. There are no obligations other than the contribution payable to
the fund. Provision of Gratuity Act ,1972 are applicable to the company . As per the actuarial valuation report taken,
the company should provide for Gratuity of Rs.303.03/- Lakhs up to the current year. (from this Current obligation is
Rs.31.43 and Non Current is Rs.271.60 Lakh). The provision for FY 24 -25 as per acturial report comes to Rs 74.71
lacs. The Company has not provided for the same in its books of Account and estimation for leave encashment
could not be done.
55.10 Accounting for taxes on Income
Income Tax comprises of current tax, deferred tax. Provision for current income tax is made on the assessable
income/benefits at the rate applicable to relevant assessment year. Deferred tax asset & liabilities are recognised
for the future tax consequences of timing differences, subject to the consideration of prudence. Deferred tax assets
& liabilities are measured using the tax rates enacted or substantively enacted by the Balance Sheet date. The
carrying amount of deferred tax asset/liability are reviewed at each Balance Sheet date & recognised and carried
forward only to the extent that there is a reasonable certainty that the asset will be realised in future.
55.11 Borrowing Costs
Borrowing costs that are directly attributable to acquisition of assets has been capitalized and other borrowing
costs has been treated as an expense during the period in which they have incurred. Interest cost of Rs.121.18/-
Lakh related to capital wip has been capitalised.
55.12 Contingencies & events occurred after the Balance Sheet date
a) No such liabilities were noticed which are contingent in nature, other than those specified in independent
auditors report and CARO Point No VII.
b) There are no such events except mentioned above that have occurred after the Balance Sheet date which will
have bearing on profitability and / or state of affairs of the company.
c) As on 31.03.2025, Bank Gurantee Issued by the company is Rs.111.61 Lac
55.13 Foreign Exchange Transactions
Transactions denominated in foreign currency are recorded at the exchange rate prevailing on the date of transaction.
Exchange difference arising on the foreign exchange transaction settled during the period are recognised in the
Profit & Loss Account. Monetary items outstanding on date of Balancesheet have been accounted at exchange rate
as on that date and difference has been charged to Profit and Loss account.
55.14 Cash Flow Statement
Cash Flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of
transactions of non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments
and items of Income or Expense associated with investing or financing cash flows.
55.15 Impairment of Assets
The company on annual basis tests the carrying amount of assets for impairment so as to determine
a) The provision for impairment loss, if any, or
b) the reversal, if any, required on account of impairment loss recognized in previous periods.
55.16 Earnings Per Share
Basic Earning Per Share is calculated by dividing the Net Profit attributable to the Shareholders by the total weighted
average number of Equity Shares outstanding at the end of the year.
55.17 Ratio Analysis
Detailed Ratio Analysis given in Schedule No.13
55.18 Segment Reporting
Notes on Financial Statements 1 to 34
Notes referred to above form an integral part of the Balance Sheet.
This is the Balance Sheet referred to in our report of even date.
As per my Audit Report Under the Companies Act, For and on behalf of the Board of Directors of
2013, of even date Affordable Robotic and Automation Ltd.
For, Vijay Moondra & Co. Manohar P. Padole Milind M. Padole
Chartered Accountants Whole Time Director Managing Director
(FRN 112308W) DIN: 02738236 DIN : 02140324
CA Vinit Moondra Dakshnamurthy K Ruchika Shinde
Partner Chief Financial Officer Company Secretary
M No - 119398
Place: Ahmedabad Place : Pune
Date : 28/05/2025 Date: 28/05/2025
UDIN: 25119398BMHVBR2592
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