xiii Provisions, contingent liability and contingent Assets
Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an out flow
of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.
When the Company expects some or all of a provision to be reimbursed, for example, under an insurance contract, the reimbursement is recognised
as a separate asset, but only when the reimbursement is virtually certain. The expense relating to a provision is presented in the statement of profit
and loss net of any reimbursement.
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 recognized as a finance cost.
Contingent liability arises when the Company has:
a) a possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more
uncertain future events not wholly within the control of the entity;or
b) a present obligation that arises from past events but is not recognized because:
(i) it is not probable that an outflow of resources embodying economic benefits will be required to settle he obligation;or
(ii) the amount of the obligation cannot be measured with sufficient reliability.
Contingent liabilities are not recorded in the financial statement but, rather,are disclosed in the note to the financial statements.
Contingent assets are disclosed when an inflow of economic benefits is probable.
xiv Earning per share
The basic earnings per share is computed by dividing the net profit attributable to equity shareholders for the period by the weighted average number
of equity shares outstanding during the period. The number of shares used in computing diluted earnings per share comprises the weighted average
shares considered for deriving basic earnings per share, and also the weighted average number of equity shares which could be issued onthe
conversion of all dilutive potential equity shares. Dilutive potential equity shares are deemed converted as of the beginning of the period, unless they
have been issued at a later date. In computing dilutive earnings per share, only potential equity sharesthat are dilutive and that would, if issued, either
reduce future earnings pershare or increase loss per share, are in included.
i Key accounting estimates
ii Fair value measurement of financial instruments
When the fair values of financial assets and financial liabilities recorded in the balance sheet cannot be measured based on quoted prices in active
markets, their fair value are measured using valuation techniques. The inputs to these models are taken from observable markets where possible, but
where this is not feasible, a degree of judgement is required in establishing fair values. Judgements include considerations of inputs such as liquidity
risk, credit risk and volatility. Changes in assumptions relating to these factors could affect the reported fair value of financial instruments.
iii Impairment of non-financial assets
Impairment exists when the carrying value of an asset orcash generating unit exceeds its recoverable amount, which is the higher of its fair valueless
costs of disposal and its value in use. The fair value less costs of disposal calculation is based on available data from binding sales transactions,
conducted at arm's length, for similar assets orobservable market prices less incremental costs for disposingof the asset.The value inuse calculation is
based on a discounted cashflow (DCF) model. The cash flows are derived from the budget and do not include restructuring activities that the Company
is not yet committed to or significant future investments that will enhance the asset's performance of the CGU being tested.The recoverable amount
is sensitive to the discount rate used for the DCF model as well as the expected future cash-inflows and the growth rate used for extra polation
purposes.
iv Taxes
Deferred tax assets are recognised for unused tax credits to the extent that it is probable that taxable profit will be available against which the losses
can be utilised. Significant management judgement is required to determine the amount of deferred tax assets that can be recognised, based upon
the likely timing and the level of future taxable profits together with future tax planning strategies.
v Property,Plant and Equipment
Useful life of Property, Plant and Equipment is taken as stated in Schedule II of Companies Act, 2013. The carrying values of Property, plant and
equipment have been disclosed in Note 2.
vi Intangible assets
Useful life of Intangible assets is taken as stated in Schedule II of Companies Act, 2013.The carrying values of Intangible assets have been disclosed in
Note 2.
4. Debtors turnover ratio: It is decreased due to increase in average trade receivable.
5. Net Profit Ratio (%): It is increased due to increase in overall net profit of the company.
6. Return on capital Empolyed (%): It is increased due to increased in sales and accordingly the profit before tax and interest also
increased.
7. Return on Investments (%): It is increased due to increased in net profit of the company.
28. Micro and Small Scale Business Enterprises: The management has initiated the process of identifying enterprises small enterprise,
Which have been providing goods and services to the company and which qulify under the definition of micro and as defined under
Micro, Small and Medium enterprise Development Act, 2006. According, the disclosure requirement here under is not furnished.
29. Previous year figures has regrouped wherever necessary.
30. Figure have been round off to nearest Rupees.
31. Additional Regulatory Information:
1. Details of crypto currency or virtual currency
The Company has neither traded nor invested in crypto currency or virtual currency during the period ended March 31, 2024 and
March 31, 2023. Further, the company has also not received any deposits or advances from any person for the purpose of trading
Or invesing in crypto currency or virtual currency.
2. Undisclosed income
During the year endedMarch 31, 2024 and March 31, 2023, the company has not surrendered or disclosed as income any
Transaction not recorded in the books of accounts in the course of tax assessments under the Income Tax Act, 1961
(Such as, search or survey or any other relevant provision of the Income Tax Act, 1961).
3. Loans or Advances to specified persons
The company has granted loans or advances in nature of loans to promoters/directors/KMPs/Related Parties (as Defined under
the companies Act, 2013) for the period ended March 31, 2024 and March 31, 2023.
4. Compliance with numbers of layers of companies
The compliance with the number of layers of companies in accordance with clause 87 of section 2 of the Act read with the
companies (Restriction on number of Layers) Rules, 2017 during the period ended March 31, 2024 and March 31, 2023.
5. Utilisation of borrowed funds and share premium
During the year ended March 31, 2024 and March 31, 2023 the company has not advanced or loaned or invested funds ( either
borrowed funds or share premium or kind of funds) to any other persons or entity, including foreign entities ( Intermediaries)
with the understanding (whether recorded in writing or otherwise) that the intermediary shall.
Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or On behalf of the
Companys (ultimate beneficiaries) or
i) Provide any guarantee, security or the like to or on behalf of the beneficiaries.
During the year ended March 31, 2024 and March 31, 2023 the company has not received any fund from any persons or entity,
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 company (ultimate beneficiaries) or
ii) Provide any guarantee, security or the like to or on behalf of the beneficiaries.
6. Relationship with struck off companies.
The Company does not have any transaction with the companies struck off under section 248 of the companies Act, 2013 or
section 560 of the companies Act, 1956 during the period ended March 31, 2024 and March 31, 2023.
7. The company has not been declared wilful defaulter by any bank or financial institution or government or any Government
authority.
8. No proceeding have been initated nor pending against the company for holding anu benami property undr the Benami
Transactions (Prohibitaion) Act 1988 and rules made thereunder.
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