q Provisions, Contingent liabilities and Contingent assets
A provision is recognised when the Company has a present obligation as a result of past event and it is probable that an outflow of resources will be
required to settle the obligation, in respect of which reliable estimate can be made. Provisions (excluding retirement benefits and compensated
absences) are not discounted to its present value and are determined based on best estimate required to settle the obligation at the balance sheet
date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities are not recognised in
the financial statements. A contingent asset is neither recognised nor disclosed in the financial statements.
Securities-Hypothecation on entire fixed assets of the company financed by the State Bank of India
Equitable Mortgage over the factory land and building situated at Survey No. 110/1 & 110/2 & Plot No 201 & 204 Village - Ganeshpura, Taluka - Kadi, District-
Mehsana.& Equitable Mortgage over the factory land and building situated at District Hooghly, P.S. Dadpur, Mouje: Talchinan Sanihati, West Bengal (admeasuring
156 Decimal).
Equitable Mortgage over the factory land and building situated at -
1. (Factory Land & Buildings bearing Survey Number : 5566, 5567, 5568, situated at Mauza Talchinan Sanihati, J L No. 66, RS 108, Goswami Malipara Gram
Panchayet, PS Dadpur, District Hooghly, West Bengal, PS Dadpur, 712305, (Rural), Admeas'uring Total Area : 0.91 Acres ,
2. Factory Land & Buildings bearing Survey Number: 6002, situated at Mauza Talchi- nan Sanihati, J L No. 66, RS 108, Goswami Malipara Gram Panchayet, PS
Dadpur, Dis- trict Hooghly, West Bengal, PS Dadpur, 712305, (Rural), Ad measuring Total Area : 0.15 Acres ,
3. Factory Land & Buildings bearing Survey Number: 5565, situated at Mauza Talchi- nan Sanihati, J L No. 66, RS 108, Goswami Malipara Gram Panchayet, PS
Dadpur, Dis- trict Hooghly, West Bengal, PS Dadpur, 712305, (Rural), Admeasuring Total Area: 0.26 Acres ,
4. Factory Land & Buildings bearing Survey Number: 5606, situated at Mauza Talchi- nan Sanihati, J L No. 66, RS 108, Goswami Malipara Gram Panchayet, PS
Dadpur, Dis- trict Hooghly, West Bengal, PS Dadpur, 712305, (Rural), Admeasuring Total Area : 0.53 Acres
Collateral Security Common for all facilities: Equitable Mortgage over leasehold Factory Land and Building at Plot No. 1006 & 1007, Chhatral GIDC Estate, Phase-II,
Opp. Varun Radiators, Nr. Khodiyar Hotel, Kaloi- Mehsana Highway, Chhatral, Gandhinagar in the name of company & Equitable Mortgage over residential flat at
Flat No. P-4, 9th Floor, Block-Shyam, Parth- sarthi Avenue, Near Shyamal Cross road, Ring road, Ahmedabad in the name of Jyoti Prasad Bhattacharya. & Lien over
Fixed Deposit of Rs. 20.00 lacs in the name of Jyoti Prasad Bhattacharya. & Equitable Mortgage over Factory Land and Building situated at Plot No. 201, Old
Survey No. 110/1 of 2-Area-4647 Sq. mt Plot No. 204 old Survey No. 109-Area-4682 Sq Mtr Near Navjivan Hotel, Nr. Rameshwar Mill, Palanpur Road Mehsana owned
by Deem Roll Tech Ltd & Equitable Mortgage on entire fixed assets of the company not financed by Banks with the company
Entire Term Loans from State Bank of India secured by personal guarantees of the following persons.: 1) Shri Jyoti Prasad Bhattacharya 2)Smt Madhuchanda
Bhattacharya 3)Shri Dev Bhattacharya
Terms of repayment of term loans-State Bank of India-539-Monthly Installment with interest rate of RBI repo rate 3.65% for 180 Months (amount inclusive of
interest)-Rs:3,33,333
General Description of the Plan
The Entity operates gratuity plan through a trust wherein every employee is entitled to the benefit equivalent to fifteen days salary last drawn for each completed year of
service. The same is payable on termination of service or retirement, whichever is earlier. The benefit vests after five years of continuous service. In case of some employees,
the Entity’s scheme is more favourable as compared to the obligation under Payment of Gratuity Act, 1972.
Guarantees issued by the company’s bankers on behalf of the company State Bank of India : Rs.1,48,09,755 & Centeral Bank Of India: Rs.2,25,06,439.00 in previous year, Note there is one expired
old bank guarantees in list against which marginal Fixed Deposit taken by bank
Guarantees issued by the company’s bankers on behalf of the company by Centeral Bank Of India Is take over by State Bank of India.
The Company has not recognized and acknowledged the GST demand & Income tax as liability in its books of accounts aggregating to Rs. 150.57 lacs in respect of earlier years since the company has
disputed the demand and has filed reply before appropriate authorities. The same are pending for final adjudication.
Reasons for Variances
For Debt Service Coverage ratio- Cash profit of the company has reduced during the year as compared to previous year which has led to reduction in DSCR.
For Return on equity ratio - Net profit of the company has reduced during the year leading to reduction in ROE ratio.
For Net Capital turnover ratio- Turnover of the company has not increased in the same proportion as increase in average working capital available with the company. This has led to reduction in Net
Capital turnover ratio as at 31.03.2025.
For Return on Capital Employed: EBIT of the company has reduced during the year as comparted to previous year. This has led to reduction in ROCE as compared to previous year.
For Net Profit Ratio: Net profit ratio has reduced due to reduction in sales and increase in operating cost of company.
Nature of CSR activities
Pramoting Health care & Education item I & II in schedule VII
38 Realization and Confirmation
In the opinion of the Board of Directors, Current Assets & Loans and Advances have a value on realisation in the ordinary course of business equal to the amount at which they are stated in the balance
sheet. In the opinion of the Board of Directors, claims receivable against property/goods are realizable as per the terms of the agreement and/or other applicable relevant factors and have been stated in
the financial statements at the value which is most probably expected to be realized.
The company has obtained balance confirmation from some of the parties for Unsecured Loans, Sundry Creditors, Sundry Debtors and parties to whom loans/advance have been granted. All other balances
of debtors and creditors, loans and advances and unsecured loans are subject to confirmation and subsequent reconciliation, if any.
39 Regrouping
The previous year’s figures have been reworked, regrouped and reclassified wherever necessary so as to make them comparable with those of the current period.
As per our report of even date
For S. N. SHAH & ASSOCIATES For and on behalf of the Board of Directors
Chartered Accountants
Firm's Registration No. 109782W
Jyoti Prasad Bhattacharya Dev Bhattacharya
Managing Director & CEO Whole Time Director
Priyam Shah DIN 00340485 DIN 09842191
Partner
Membership No. 144892
UDIN: 25144892BMHWNF4028 Urvi Mali Janak Gajjar
Place: Ahmedabad Company Secretary Chief Financial Officer
Date: 29 May 2025 Membership No: 75437 PAN No: AJQPG6593H
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