IV. Provisions and contingent liabilities:
Provisions are recognised when the Group has a present legal or constructive obligation as a result of
past events, it is probable that an outflow of resources will be required to settle the obligation and the
amount can be reliably estimated. If the effect of the time value of money is material, provisions are
discounted using a current pre-tax rate that reflects, when appropriate, the risks specific to the liability.
When discounting is used, the increase in the provision due to the passage of time is recognised as a
finance cost. Contingent Liabilities are disclosed in respect of possible obligations that arise from past
events but their existence will be confirmed by the occurrence or non-occurrence of one or more
uncertain future events not wholly within the control of the Group or where any present obligation cannot
be measured in terms of future outflow of resources or where a reliable estimate of the obligation cannot
be made.
J. Functional and Presentation currency
These financial statements are prepared in Indian rupees; the national currency of India, which is
functional currency of the company._
25. Segment Reporting
The Company is NBFC company registered with RBI. Hence segment reporting as defined in Ind AS 33 is not
given.
26. IMPACT OF COVID19 PENDEMIC ON THE COMPANY
Due to COVID 19 pandemic and consequent lockdown restrictions imposed by the National Government
from time to time, the impact on various business activities has been disclosed in financial statements, which
caused unforeseen disruption in operation of manufacturing, marketing, demand, supply, orders, debtors,
creditors, and other financial activities during the financial year.
27. In the opinion of the Management, current assets, loans and advances have a value on realization at least
equal to the amount at which they are stated in the Books of Accounts and provision for all known liabilities
has been made, except as mentioned otherwise.
28. Corporate Social Responsibility
As per section 135 of the Companies Act, 2013 a CSR committee has been formed by the company. The Company
is not liable to pay any amount under CSR.
Methodology :
1 . Current Ratio = Current Asset/Current Liability
2. Debt-Equity Ration = Total Debt/(Total Debt Equity)
3. Debt Service Coverage Ratio = EBITDA/Finance Cost
4. Return on Equity Ratio = Profit After Tax/Total Equity
5. Inventory Turnover Ratio = Turnover/Inventory
6. Trade Receivable Turnover Ratio = Turnover/Trade Receivable
7. Trade Payables turnover ratio = Turnover/Trade Payable
8. Net Capital turnover ratio = Turnover/(Current Asset - Current Liability)
9. Net Profit ratio = Profit After Tax/Revenue From Operations
10. Return Capital Employed = Profit After tax/Total Equity_
30. The figures for previous year have been regrouped/rearranged wherever necessary to make them
comparable.
In terms of our report of even date
For GMCS & Co. For & on behalf of Board of Directors
Chartered Accountants
Firm Registration No. 141236W
Amit Bansal Rajesh Nanda Avinash Mainkar
Partner Managing Director Director
M. No : 424232 DIN : 06399927 Din : 01986289
Place : Mumbai
Date : 30.05.2025
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