Basis of preparation
The financial statements of the Company have been prepared in accordance with the generally accepted
accounting principles in India (Indian GAAP). The company has prepared these financial statements to
comply in all material respects with the accounting standards notified under Section 133 of the Companies
Act, 2013, read together with paragraph 7 of the Companies (Accounts) Rules, 2014 and Companies
(Accounting Standards) Amendment Rules, 2016. The financial statements have been prepared on an accrual
basis and under the historical cost convention. The accounting policies adopted in the preparation of
financial statements are consistent with those of previous year, except for the change in accounting policy
explained below.
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires
estimates and assumptions to be made that affect the reported amount of assets and liabilities on the date of
the financial statements and the reported amount of revenue and expenses during the reporting period.
Differences between actual results and estimates are recognised in the period in which the results are known
/ materialised.
Note: 1 Significant Accounting Policies:
a) General:
i) Accounting policies not specifically referred to otherwise are in consistence with earlier year and in
consonance with generally accepted accounting principles.
ii) Expenses and income considered payable and receivable respectively are accounted for on accrual
basis.
b) Valuation of Inventories: There are no Inventories in the company.
c) Fixed assets and depreciation: There are no Fixed Assets in the company.
d) Investments: Investments are valued at cost. In determining cost FIFO method is used.
e) Foreign currency Transactions: There is no foreign currency transaction.
f) Retirement Benefits: Provident fund and employees state insurance scheme contribution is not
applicable to the company.
g) Taxes on Income:
Current Tax: Provision for Income-Tax is determined in accordance with the provisions of Income-
tax Act 1961.
Deferred Tax Provision: Deferred tax is recognized, on timing difference, being the difference between
the taxable incomes and accounting income that originate in one period and are capable of reversal in
one or more subsequent periods.
Note: 13 Balances of Sundry Debtors, Creditors, Loans and Advances are subject to confirmation
and reconciliation.
Note: 14 In the opinion of the Board of directors, the current assets, Loans & advances are
approximately of the value stated if realized in the ordinary course of business. The
provision of all known liabilities is adequate and not in excess of the amount reasonably
necessary.
Note: 15 No Remuneration paid to the directors during the year.
Note: 16 No related party transaction were carried out during the year.
Note: 17 there is no reportable segment as per the contention of the management.
Note: 18 Basic and Diluted Earnings per share (EPS) computed in accordance with Accounting
Standard (AS) 20 “Earning per Share”
Note: 20 previous year figures have been regrouped and recasted wherever necessary.
Note: 21 Other Notes
Additional Regulatory Information pursuant to Clause 6L of General Instructions for preparation of Balance
Sheet as given in Part I of Division II of Schedule III to the Companies Act, 2013, are given hereunder to the
extent relevant and other than those given elsewhere in any other notes to the Financial Statements.
a. During the year ended March 31, 2025 and March 31, 2024, the Company has not advanced or loaned or
invested funds (either borrowed funds or share premium or kind of funds) to any other person(s) or
entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or
otherwise) that the Intermediary 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 Beneficiaries) or
ii) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.
Further, during the year ended March 31, 2025 and March 31, 2024, the Company has not received
any fund 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: i) 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 ii) provide any guarantee, security, or the
like on behalf of the ultimate beneficiaries.
b. The Company has not invested or traded in Crypto Currency or Virtual Currency during the year ended
March 31, 2025 (Previous: NIL)
c. No proceedings have been initiated on or are pending against the Company for holding benami property
under the Prohibition of Benami Property Transactions Act, 1988 (as amended in 2016) (formerly the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988)) and Rules made thereunder during the year
ended March 31, 2025 (Previous year: Nil).
d. The Company has not been declared Willful Defaulter by any bank or financial institution or government
or any government authority during the year ended March 31, 2025 (Previous year: Nil).
e. The Company has not surrendered or disclosed as income any transactions not recorded in the books of
accounts in the course of tax assessments under the Income Tax Act, 1961 (such as, search or survey or any
other relevant provisions of the Income Tax Act, 1961) during the year ended March 31, 2025 (Previous
year: Nil).
f. The Company does not have any transactions with the companies struck off under section 248 of the
Companies Act, 2013 or section 560 of the Companies Act, 1956 during the year ended March 31, 2025
(Previous year: Nil).
g. The Company has complied with 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.
Signature to Notes ‘1’ to ‘21’
As per our report on even date
FOR, RISHI SEKHRI & ASSOCIATES FOR & ON BEHALF OF THE BOARD
CHARTERED ACCOUNTANTS
FIRM NO: 128216W
CA RISHI SEKHRI RAMANLAL TRIVEDI MANISHA PATEL
PARTNER DIRECTOR DIRECTOR
M. No. 126656 DIN: 01658705 DIN: 08482812
UDIN:25126656NKZTEK8657
PLACE: MUMBAI
DATE : 23.05.2025
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