(I)Term Loan is secured by first pari-passu charge on the property, plant & machinery owned by or belonging to the Company both present and future, and by second pari-passu charge on the current assets of the Company and are guaranteed by K Vijay Kumar, Managing Director and K V Naga Lalitha, Director. The Company has used the borrowings for the purposes for which it was taken
(ii) Rate of interest on Unsecured Loan from Related Parties is 8.00% p.a
iii) During the year, the Company has availed a vehicle loan from Yes Bank Limited for the purchase of a Toyota Fortuner. The loan is secured by way of hypothecation of the said vehicle in favour of Yes Bank Limited. The loan is repayable in 60 equated monthly instalments.
(iv) During the year, the Company has availed a Term Loan of ^4.80 Crores (Rupees Four Crores Eighty Lakhs Only) from Indian Overseas Bank, Maredpally Branch, for the purchase of various machinery/spare parts and for civil works. The loan is secured by way of first pari-passu charge in the form of hypothecation on the fixed assets of the Company along with existing lender HDFC Bank Limited, and further secured by equitable mortgage followed by registered MODT on the immovable property of the Company on pari-passu basis with the existing lender. The loan is repayable in 120 monthly instalments with a door-to-door tenor of 10 years from the date of first disbursement. The loan carries interest at RLLR plus spread at 10.00% per annum at present.
* The Company has availed cash credit facilities from HDFC Bank Limited. This facility is secured by first pari-passu charge against all current assets, present and future, and by second pari-passu charge on the entire property, plant & machinery of the Company including land and buildings, and are guaranteed by Sri K Vijay Kumar, Managing Director and Smt. K V Naga Lalitha, Director. The loans are repayable on demand and carries interest @ 9%. The Company has used the borrowings for the purposes for which it was taken.
During the year, the Company has availed a Cash Credit facility of ^3.20 Crores (Rupees Three Crores and Twenty Lakhs Only) from Indian Overseas Bank, Maredpally Branch, for meeting its working capital requirements. The facility is secured by way of first pari-passu charge in the form of hypothecation on the entire current assets of the Company, both present and future, along with existing lender HDFC Bank Limited. The facility is repayable on demand and is subject to renewal every 12 months. The facility carries interest at RLLR plus spread at 10.00% per annum at present.
| |
|
|
|
1
|
Debt Service Coverage Ratio
|
'The Debt Service Coverage Ratio increased significantly from 0.13 in the previous year to 0.99 in the current year. The improvement is mainly attributable to higher operating earnings (EBITDA) during the year and the impact of the restatement of the previous year's financial figures, resulting in improved debt servicing capacity.
|
|
|
2
|
Return on Equity Ratio (ROE)
|
The Return on Equity Ratio improved from (0.07) to 0.01. The change is primarily due to improvement in profitability during the current year as compared to the restated loss position in the previous year, leading to a positive return on shareholders' funds.
|
|
| |
Trade Receivables
|
The Trade Receivables Turnover Ratio increased from 47.54 times to 60.30 times.
|
|
|
3
|
turnover ratio (times)
|
This was mainly due to improved collection efficiency and better management of trade receivables during the current year.
|
|
|
4
|
Net Profit Ratio
|
The Net Profit Ratio improved from (5.46%) to 0.50%. The increase was primarily on account of improved profitability from operations during the current year, coupled with the effect of the restatement of the previous year's profit figures.
|
|
|
5
|
Return on Capital Employed
|
The Return on Capital Employed improved from (0.04) to 0.01. The change is mainly attributable to better earnings before interest and tax (EBIT) in the current year compared to the restated figures of the previous year, resulting in improved returns on capital employed.
|
|
|
6
|
Interest Coverage Ratio
|
The Interest Coverage Ratio improved from (1.59) to 0.19. The improvement is due to enhanced operating performance and higher EBIT during the current year as compared to the restated previous year's figures. However, the ratio continues to indicate pressure on the Company's ability to cover its finance costs.
|
|
|
(1)
|
Debt = Long term secured loans Current maturities of long term debt Loan term unsecured loans Cash Credit facilities
|
|
(2)
|
Net Worth = Equity Share Capital Reserve and Surplus
|
|
(3)
|
Total amount of interest & principal of long term loan payable or paid during the year
|
|
(4)
|
Average inventory = (Opening Closing balance) / 2
|
|
(5)
|
Average Trade Debtors = (Opening Closing balance) / 2
|
|
(6)
|
Average Trade Payables = (Opening Closing balance) / 2
|
|
(7)
|
Capital Employed = Total Assets - Current Liabilities
|
|
29 Other Statutory information:
|
|
(i)
|
The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami Property.
|
|
(ii)
|
The Company does not have any charges or satisfactory which is yet to be registered with ROC beyond the statutory period.
|
|
(iii)
|
The Company has not traded or invested in Crypto currency or Virtual Currency during the Financial Year.
|
|
(iv)
|
The Company has not received any fund from any person(s) or entities, including foreign entities (funding party) with the understanding (whether recorded in writing or otherwise) that the Company shall: (a) 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 (b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
|
|
(v)
|
The Company has not been declared willful defaulter by any bank or financial institution or government^PP any government authority.
|
|
(vi)
|
The Company has no transactions with Companies struck off under Companies Act.
|
|
(vii)
|
The Company has no transactions which are not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the income tax act,1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).
|
The company has filed a writ petition before the Honorable High Court of Andhra Pradesh, challenging the excess electricity duty levied by APSPDCL. On 15.09.2023, the Honorable High Court of Andhra Pradesh, Amaravati, through interim order in W.P. Nos. 16619 of 2022 and related cases, directed APSPDCL to refund or adjust the excess electricity duty collected beyond 6 paise per unit from the consumers. During the Financial Year 2023-24, by virtue of the above interim order of Honble AP High Court, the company has reversed the entire provision created for Electricity Duty. However, the Final Judgement is yet to be pronounced by the Honorable High Court of Andhra Pradesh.
32 Fuel and Power Purchase Cost Adjustment (FPPCA) Charges
Fuel and Power Purchase Cost Adjustoient (FPPCA) Charges The Andhra Pradesh Electricity Regulatory Commission (APERC) through Press Note released on 25-10-2024 and 29-11-2024, authorized the electricity distribution companies (DISCOMS) to recover Fuel and Power Purchase Cost AdjusExent (FPPCA) charges relating to the FY 2022-23 and 2023-24 from various consumers. APERC further instructed the DISCOMS to recover these FPPCA Charges along with the monthly electricity bills within 15 to 24 months based on the predetermined monthly rates. In the financial statements for the year ended March 31, 2025, the Company had recognised these FPPA arrears in the Statement of Profit and Loss only to the extent of the monthly bills received (tss.20 lakhs), on the basis that no specific demand had been raised for the full arrears amount. Upon reassessment, the Company concluded that a present
obligation arose upon issuance of the State Government circularu during FY 2024-25, thereby requiring 11 J recognition of the entire liability of 209.18 laths in that year, in accordance with Indian Accounting Standards (Ind AS) 37 - Provisions, Contingent Uabllities and Contingent Assets. Accordingly, in line with Indian Accounting Standards (Ind AS) 8 - Accounting Policies, Changes in Accounting Estimates and Errors, the Company has corrected this error retrospectively by restating the comparative figures for the year ended March 31, 2025 and adjusting the retained earnings. Periods prior to FY 2024-25 have not been affected, as the obligating event occurred during the FY 2024-25. Due to above, the retained eamings as on March 31, 2025 was decreased from Rs. 656.75 lacs to Rs.502.77 lacs. Further, noncurrent liabilities Increased from Rs. 992 lacs to Rs.1017.63 lacs and the current liabilities Increased from Rs. 1151.84 lacs to Rs.1280.18 lacs.
33 Employee Benefits Obligation Defined contribution plans - Provident fund:
Contribution towards employee provident fund, which is a defined contribution plan for the period aggregated to Rs 40.56 lacs charged in the statement of profit and loss.
33 Defined Benefit Plan - Gratuity:
In accordance with the 'Payment of Gratuity Act, 1972' of India, the Company provides for gratuity, a defined retirement benefit plan (the 'Gratuity Plan') covering eligible employees. Liabilities with regard to such gratuity plan are determined by an independent actuarial valuation and are charged to the Statement of Profit and Loss in the period determined. The gratuity plan is administered by Life Insurance Corporation of India.
Balances due to or due from parties are subject to confirmation
Previous year figures have been regrouped / reclassified wherever necessary to confirm to the current year classification.
* or any date as may be specified by the CBDT
** Nomination (Form SH-13 or SH-14) / ‘Declaration to Opt-Out of nomination’ (Form ISR - 3), has to furnished by the holder(s) separately for each listed company.
Mode of submission of documents to the RTA
Please use any one of the following mode;
1. In Person Verification (IPV): by producing the originals to the authorized person of the RTA, who will retain copy(ies) of the document(s)
2. In hard copy: by furnishing self-attested photocopy(ies) of the relevant document, with date
3. Through e-mail address already registered with the RTA, with e-sign of scanned copies of documents
4. Service portal of the RTA with e-sign with scanned copies of documents, if the RTA is providing such facility
Note
n It is mandatory for holders of physical securities in listed company to furnish PAN, full KYC details (address proof, bank details, e-mail address, mobile number) and Nomination (for all the eligible folios).
? Upon receipt or up-dation of bank details, the RTA automatically, pay electronically, all the moneys of / payments to the holder that were previous unclaimed / unsuccessful.
? RTA shall update the folio with PAN, KYC details and Nominee, within seven working days of its receipt. However, cancellation of nomination, shall take effect from the date on which this intimation is received by the company / RTA.
° RTA shall not insist on Affidavits or Attestation / Notarization or indemnity for registering / up-dating / changing PAN, KYC details and Nomination.
Authorization: I / We authorise you (RTA) to update the above PAN and KYC details in my / our folio (s) _,__, in which I / We are the holder(s) (strike off what is not applicable).
|