i) SECURITIES PREMIUM
Securities Premium represents premium received on equity shares issued, which can be utilised only in accordance with the provisions of
the companies Act,2013 (''the Act'') for specified purposes.
ii) GENERAL RESERVE
The general reserve is used from time to time to transfer profits from retained earnings for appropriations purposes. As the general reserve
is created by a transfer from one component of equity to another and is not an item of other comprehensive income, items included in the
general reserve will not be reclassified subsequently to profit or loss.
iii) OTHER COMREHENSIVE INCOME
These are actuarial gains/ losses on employee benefit obligations.
17.1 Terms of Repayment:
a) Term Loans from others consists of vehicle loans repayable in 36 monthly equal installments.
b) Unsecured Loan facility is avalied in United Kingdom which consists of providing economic benefit to our business including , but
not limited to working capital or investing in our business, first repayable will be made on the date 13 months from the draw down
loan dated 16.07.2020 after that in 59 months equal installments.
20.1 Securities
DBS Bank & BANK OF BARODA
a) Hypothecation on the stocks and book debts of the company on Pari Passu basis with Bank of India and DBS bank
b) Equitable Mortgage of Immovable Factory Building, located at Roto House , 13 NSEZ, Noida on Pari Passu basis with Bank of India.
c) Equitable Mortgage of Immovable Factory land and building located at B-14, Phase-II, Extension, Noida on Pari Passu basis with Bank
of India.
d) Equitable Mortgage of Immovable Factory land and building located at B-15, Phase-II, Extension, Noida on Pari Passu basis with Bank
of India.
Secured Current Maturities of long term borrowings consists of vehicle loans which are securedby hypothecation of Motor Vehicles purchased
under the loan.
As per terms of banks, the company has submitted monthly stock statements and Quarterly Information Statement(QIS) which tallies with books
of accounts.
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