10 Provisions and Contingent Liabilities:
A provision is recognised if, as a result of past event,
the Company has a present legal obligation that can be
estimated reliably and it is probable that an outflow of
economic benefit will be required to settle the obligation.
Provisions are determined by the best estimate of outflow
of economic benefits required to settle the obligation
at the reporting date. Where no reliable estimate can
be made, a disclosure is made as contingent liability. A
disclosure for a contingent liability is also made when
there is a possible obligation or a present obligation
that may, but probably will not, require an outflow of
resources. Where there is possible obligation or present
obligation in respect of which the likelihood of outflow of
resources is remote, no provision or disclosure is made.
11 Current and Non Current classification:
"An asset shall be classified as current when it satisfies
any of the following criteria:
(a) it is expected to be realized in, or is intended for
sale or consumption in, the company’s normal
operating cycle;
(b) it is held primarily for the purpose of being
traded;
(c) it is expected to be realized within twelve
months after the reporting date; or it is Cash or
cash equivalent unless it is restricted from being
exchanged or used to settle a liability for at least
twelve months after the reporting date.
All other assets shall be classified as non-current."
"An operating cycle is the time between the acquisition of
assets for processing and their realization in Cash or cash
equivalents. Where the normal operating cycle cannot
be identified, it is assumed to have a duration of twelve
months."
"A liability shall be classified as current when it satisfies
any of the following criteria:
(a) it is expected to be settled in the company’s
normal operating cycle;
(b) it is held primarily for the purpose of being
traded;
(c) it is due to be settled within twelve months after
the reporting date; or
(d) the company does not have an unconditional
right to defer settlement of the liability for at
least twelve months after the reporting date.
Terms of a liability that could, at the option of
the counterparty, result in its settlement by
the issue of equity instruments do not affect its
classification.
Terms of a liability that could, at the option of the
counterparty, result in its settlement by the issue of
equity instruments do not affect its classification. All
other liabilities shall be classified as non-current."
12 Cash and Cash Equivalents:
The Cash and cash equivalents comprises Cash-in¬
hand, Current Accounts, Fixed Deposits with banks.
Cash equivalents are short-term balances (with an
original maturity of three months or less from the date
of acquisition), highly liquid investments that are readily
convertible into known amounts of cash and which are
subject to insignificant risk of changes in value. Other
Bank Balances are short-term balance (with original
maturity is more than three months but less than twelve
months). considers all highly liquid financial instruments,
which are readily convertible into known amount of cash
that are subject to an insignificant risk of change in value
and having original maturities of three months or less
from the date of purchase, to be cash equivalents.
13 Earnings Per Share:
Basic Earnings per share is computed by dividing the net
profit after tax by the weighted average number of equity
shares outstanding during the period. Diluted earnings
per share is computed by dividing the net profit after tax
by the weighted average number of shares considered for
deriving basic earnings per share and also the weighted
average number of equity shares that could have been
issued upon conversion of all dilutive potential equity
shares. The diluted potential equity shares are adjusted
for the proceeds receivable had the shares been actually
issued at fair value which is the average market value of
the outstanding shares. Dilutive potential equity shares
are deemed converted as at the beginning of the period,
unless issued at a later date. Dilutive potential equity
shares are determined independently for each period
presented.
14 Employee Benefits:
Benefits such as salaries, wages and performance
incentives are charged to the statement of profit and
loss at the actual amounts due in the period in which
the employee renders the related service. However the
Company has not adopted any policy for payment of
Bonus and thus no amount has been charged to proft and
loss account or provisioned in the balance sheet.
Post-Employment Benefits:
Defined Benefit Plan:
Gratuity liability is a defined benefit obligation and is
funded. The Company accounts for liability for future
gratuity benefits based on the actuarial valuation using
Projected Unit Credit Method carried out as at the end of
each financial year.
Defined Contribution Plan:
Provident Fund: The company makes provident fund and
employee state insurance scheme contributions which
are defined contribution plans, for qualifying employees.
Under these schemes, both the employee and the Firm
make monthly contributions. The employer contribution
is charged off to Profit & Loss Account as an expense.
15 Segment Reporting:
The business activities of the company predominently
fall within a single primary business. Thus there is no
separate reportable Segment businesses.
3 Proposed Dividend Details:
The Company has not declared dividend for the year ended FY25.
4 No issue of securities were made for any specific purpose by the Company during the reporting year.
5 The Company has not made borrowings from banks and financial institutions for any specific purposes
during the year
6 The assets other than Property, Plant and Equipment, Intangible Assets and non-current investments have
value on realization in the ordinary course of business equal to the amount at which they are stated
7 Details of Benami Property held
There are no proceedings initiated or pending against the Company for holding any benami property under
the Benami Transactions (Prohibition) Act, 1988 (45 of 1988).
9 Wilful Defaulter
The Company is not declared as wilful defaulter by any bank or financial institution or other lender.
10 Relationship with Struck off Companies
The Company has not entered into any transactions with companies struck off under section 248 of the Companies
Act, 2013.
11 Registration of charges or satisfaction with Registrar of Companies:
The Company has no charge which is yet to be registered with Registrar of Companies beyond the statutory period .
12 Compliance with number of layers of companies:
The Company has no subsidiaries hence layers prescribed under clause (87) of section 2 of the Act read with
Companies (Restriction on number of Layers) Rules, 2017 are not applicable
13 Compliance with approved Scheme(s) of Arrangements:
No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the
Companies Act, 2013.
14 Utilisation of Borrowed funds and share premium:
A. The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any
other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries)
with the understanding (whether recorded in writing or otherwise) that the Intermediary shall
(i) 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
(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
B. 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
(i) 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
(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
15 No amounts have been set aside or proposed to be set aside to reserve to meet any specific liability, contingency or
commitment known to exit at the date as at which balance sheet made up.
18 Undisclosed income:
There are no transactions that were not recorded in the books of account, and which has been surrendered or
disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (43 of 1961).
There is no previously unrecorded income and related assets have been recorded in the books of account during the
year.
19 Details of Crypto Currency or Virtual Currency:
The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
23 Employee Benefit (Incurred in India):
Gratuity - The Present value of obligation is determined based on actuarial valuation using the Projected Unit Credit
Method. This method considers each period of service as giving rise to an additional unit of benefit entitlement and
measures each unit separately to build up the final obligation.
Interest cost: It is the increase in the Plan liability over the accounting period resulting from the operation of the
actuarial assumption of the interest rate.
Current Service Cost: is the discounted present value of the benefits from the Plan’s benefit formula attributable
to the services rendered by employees during the accounting period.
Actuarial Gain or Loss: occurs when the experience of the Plan differs from that anticipated from the actuarial
assumptions. It could also occur due to changes made in the actuarial assumptions.
The estimates of rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority,
promotion and other relevant factors including supply and demand in the employment market. The above information
is certified by the actuary.
24 Cashflow Statement
(1) The amount of significant cash and cash equivalent balances held by the enterprise as at March 31, 2025
was Rs.32,88,37,168.95/- that are available for use by Company.
(2) Company does not have undrawn borrowing facilities that may be available for future operating activities.
(3) The Company has appropriate amount of Cash Flows that are required to maintain operating capacity.
(4) Company is investing adequately in the maintenance of its operating capacity.
(5) There are no non cash transactions happened in investing and financing activities to be excluded from Cash
Flow Statement.
25 Changes in Accounting Estimates
There are no changes in Accounting Estimates made by the Company during the year.
26 Changes in Accounting Policies
There are no changes in Accounting Policies made by the Company during the year.
27 Disclosures on PPE and Intangible Assets
I. Property, Plant and Equipment
(1) There is no restriction on the title of Property, Plant and Equipment, subject to only those which are under
hypothication/ charge.
(2) Company has not constructed any item in Property, Plant & equipment.
(3) Company has no contractual commitments for the acquisition of Property,Plant & Equipment.
(4) Company has no Impairment loss during the period for Property, Plant & Equipment.
(5) Assets are periodiacally checked for active usage and those which are retired are written off.
(6) There are no temporarily idle property, plant and equipment.
(7) The carrying amount and remaining amortization period of any individual intangible asset are not material to
the financial statements of the enterprise as a whole.
28 Segment Reporting
The Company does not have reportable segment
29. Corporate Social Responsibility (CSR)
The Corporate Social Responsibility (CSR) provisions are applicable to our Company from FY 2024-25.Our
Company has constituted the Corporate Social Responsibility Committee under sub-section(l) of Section 135 of
Companies Act,2013. The activities to be undertaken by the Company in their CSR will be as per the specified
activities mentioned under Schedule VII of Section 135 of Companies Act, 2013.
*The variance for ratios not provided as the comparative financials are prepared only for the period January 24, 2024 to
March 31, 2024.
As per our Report on even date For and on behalf of the Board of
For P P N AND COMPANY FRESHARA AGRO EXPORTS LIMITED
Chartered Accountants (Formerly known as Freshara Picklz Exports)
Firm Reg No: 013623S
Peer Review Certificate No. 013578
D.Hitesh Junaid Ahmed Khudrathullah Iqbal Iqbalahmed Khudrathullah Mohammed
Partner Managing Director Whole Time Director
M. No: 231991 DIN : 01917569 DIN : 03363277
UDIN: 25231991BMKRNM1390
Place: Chennai Ganiva Mohammed Yousuf Ajay Kumar Rana
Date: 22.05.2025 Chief Financial Officer Company Secretary Cum Compliance Officer
M. No: A27952
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