M. Contingent liabilities , , f t pvent that probably requires an
The Company creates a provision where there is a present obligation as res a disclosure for a contingent liability
outflow of resources and a reliable estimate can be made of the amount of the o iga _ require an outflow of
is made when there is a possible obligation or a present obligation that likelihood of outflow of
resources. Where there is a possible obligation or a present obl.gat.on m respect of wh.ch
resources is remote, no provision or disclosure is made.
32 Contingent Liabilities &Fv *u5iiuiu^i^.eilod^d£dJai4LMat£h^2fl24
The management of Company'doesnoi'"8",c »al<">« Sheet Dale
To the bes^o'rknowled f * * ^ ^ COnl,nge,u ,,<1,’illty having material effect on the position stated In the balance
requ,ireVa°dlun^a!erlaHy afTeCting thc detern!!nalJ^'Coa/,^ M° eVCnlS °CCl",ng afler the Halance sheet date that provide additional
nient to the Assets or Liabilities ol the c ^ 3m°Un* ,c*ating to the conditions exisitlng at the balance sheet date that
33 In the opinion of the board and as '
31C Scr|uine and have been solelv l!1<? n't1,1i1BcmeNL expenses charged to revenue and cash transaction entered Into
, , e,y and exc,us,vely Incurred for thc busniess of the Company
34 In the opinion of the Board the Cu -
the amount at which they are stit" n'^ SSCtS‘ ^oans ^ Advances are realisable In the ordinary course of business at least equal to amount reasonably necessary ^ 'G ^ance Sheet The provision for all known liabilities Is adequate and not In excess of
reconciliation. Consequent ^3^a^es' Loans and advances and other current and non current are subject to confirmation and
adjustment 13 3 Justment thereof, if any, will be given effect into the books of accounts in the year of such
37 Other statutory information
i) The Company has not traded or invested in crypto currency or virtual currency during the year.
*0 The Company does not have any benami property held in its name. No proceedings have been initiated on or are pending
against the Company for holding benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.
iii) There is no income surrendered or disclosed as income during the year in tax assessments under the Income Tax Act, 1961 (such as search or survey), that has not been recorded in the books of account
iv) The Company does not have any charges or satisfaction of charges which is yet to be registered with Registrar of Companies beyond the statutory period.
v) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:
(a) 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
(b) Provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.
vi) 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:
(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
vii) The Company has not been declared wilful defaulter by any banks / financial institution or government or any government authority.
viii) The Company has not revalued its property, plant and equipment (including right of use assets) or intangible assets during the current year or previous year.
ix) The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Companies Act 2013 read with Companies (Restrictions on number of Layers) Rules, 2017.
x) The Company has not obtained any term loans from banks and financial institution during the year.
xi) The Company does not have any transactions and outstanding balances during the current as well previous year with Companies struck off under section 248 of the Companies Act. 2013 or section 560 of Companies Act, 1956
38 Ratios : As per Annexure "A“
39 The previous period figure have been regrouped/ reclassified, wherever necessary to confirm to the current period presentation Signatures to Notes 1 to 39
As per our report of even date h For and on behalf of thejkrtrvd of DirecterS^" ^ /A ^
For Sharma Sturm a & Co. For Faalp^n Concg^llUmitM^^^ v / V/A
Charterted^c&iAants, __ v
Firm Reg^ath^Mmber: 009462N Iff HEW DELHI 1*1 L') r \ /
I /An J^/I £kta Sethi Prlthvl Seth
l /f \ /i\ Director Director
“W vW\ v/ DIN:08141902 DIN: 06646812
M e m b e rsh i u m b eA'flCs 2 72
\ •* Praveen Pathanla Vlnod Kumar
' CFO Company Secretary
Date :
Place : Delhi pjace . De,hj
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