Income tax expense comprises current and deferred tax. It is recognised in statement of profit and loss except to
the extent that it relates to a business combination, or items recognised directly in equity or in other comprehensive
income.
i. Current tax
Current tax comprises of the expected tax payable or receivable on the taxable income or loss for the year and
any adjustment to the tax payable or receivable in respect of the previous years. It is measured using tax rates
enacted or substantively enacted at the reporting date.
Current tax assets and liabilities are offset only if, the Company:
> has a legally enforceable right to set off the recognised amounts; and
> intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Deferred tax is recognized for the future tax consequences of deductible temporary differences between the
carrying values of assets and liabilities and their respective tax bases at the reporting date, using the tax rate
and laws that are enacted or substantively enacted as on reporting date. Deferred tax assets are recognized to
the extent that it is probable that future taxable income will be available against which the deductible temporary
differences, unused tax losses and credits can be utilised.
Deferred tax assets and liabilities are offset only if:
> entity has a legally enforceable right to set off current tax assets against current tax liabilities; and
> deferred tax assets and the deferred tax liabilities relate to income taxes levied by the same taxation
authority.
VI Impairment of Assets:
At each balance sheet date, the Company assesses whether there is any indication that any property, plant and
equipment and intangible assets with finite lives may be impaired. If any such impairment exists the recoverable
amount of an asset is estimated to determine the extent of impairment, if any. Where it is not possible to estimate the
recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit
to which the asset belongs.
VII Provision for Doubtful Debts and Loans and Advances:
Provision is made in the accounts for doubtful debts, loans and advances in cases where the management considers
the debts, loans and advances to be doubtful of recovery.
VIII Provision, Contingent Liabilities and Contingent Assets:
A provision is recognized if as a result of a past event the Company has a present legal or constructive obligation that
can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation.
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market
assessments of the time value of money and the risks specific to the liability. Contingent Liabilities are not recognised
but are disclosed in the notes. Contingent Assets are not recognised but disclosed in the Financial Statements when
economic inflow is probable.
XII Details of title deeds of Immovable Property not held in name of the Company:
The Company do not have the immovable property whose title deeds are not held in the name of the Company as on
31.03.2025. (Previous Year 31.03.2024: Nil).
XIII Details of Capital-Work-in Progress (CWIP) as on 31.03.2025 :
The Company do not have Capital Work in Progress as on 31.03.2025. (Previous Year 31.03.2024: Nil)
XIV Details of Intangible assets under development as on 31.03.2025:
The Company do not have Intangible assets under development in Progress as on 31.03.2025. (Previous Year
31.03.2024: Nil)
XV Details of Benami Property as on 31.03.2025:
Company do not have any Benami Property as on 31.03.2025.(previous Year 31.03.2024:NIL)
XVI Details of Surrender Income as on 31.03.2024:
The Company do not have any transaction not recorded in the books of accounts that has been surrendered or
disclosed as income during the year in tax assessments under the income tax Act,1961 ( Such as Search or survey or
any other relevant provisions of the Income tax Act, 1961). as on 31.03.2025. ( Previous Year 31.03.2024 : Nil)
Note 18
CONTINGENT LIABILITIES AND COMMITMENTS
There are no contingent liabilities during the year.
Note 19
In the opinion of the management, Current Assets, Loans and Advances are of the value stated, if realized in the ordinary course
of business.
Note 20
SEGMENT REPORTING
Segment Information : The Company is engaged in the business of providing Loans. All other activities of the Company are
related to the main business. As such there are no separate reportable segments, as per the Ind-AS 108 on Operating Segment
Note - 22
FINANCIAL RISK MANAGEMENT OBJECTIVE AND POLICIES:
The Company's principal financial liabilities comprise loans and borrowings and trade and other payables. The main purpose
of these financial liabilities is to finance the Company's operations and to provide guarantees to support its operations. The
Company's principal financial assets include Investment, loans and advances, trade and other receivables, and cash and bank
balances that derive directly from its operations.
The Company is exposed to market risk, credit risk and liquidity risk. The Company's senior management oversees the
management of these risks. The Company's senior management advises on financial decision and the appropriate financial risk
governance framework for the Company.
Market risk
Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market
prices. Market risk comprises three types of risk: interest rate risk, currency risk and other price risk, such as equity price risk and
commodity risk. Financial instruments affected by market risk include loans and borrowings, deposits, FVTOCI investments and
derivative financial instruments.
Interest rate risk
Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in
market interest rates. The Company's exposure to the risk of changes in market interest rates relates primarily to the Company's
long-term debt obligations with floating interest rates.
Credit risk
Credit risk is the risk that a counter party will not meet its obligations under a financial instrument or customer contract, leading to
a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables and advances to
suppliers) and from its financing activities, including deposits with banks and financial institutions, foreign exchange transactions
and other financial instruments.
Trade receivables
Customer credit risk is managed by each business unit subject to the Company's established policy, procedures and control
relating to customer credit risk management. Outstanding customer receivables are regularly monitored. An impairment analysis
is performed at each reporting date on an individual basis for major clients.
Financial instruments and cash deposits
Credit risk from balances with banks and financial institutions is managed by the Company's treasury department in accordance
with the Company's policy. Investments of surplus funds are made only with approved authorities. Credit limits of all authorities
are reviewed by the Management on regular basis.
Liquidity risk
The Company monitors its risk of a shortage of funds using a liquidity planning tool.
The Company's objective is to maintain a balance between continuity of funding and flexibility through the use of bank overdrafts,
Letter of Credit and working capital limits.
Note - 23
CAPITAL MANAGEMENT:
For the purpose of the Company's capital management, capital includes issued equity capital, securities premium and all other
equity reserves attributable to the equity holders of the parent. The primary objective of the Company's capital management is
to maximise the shareholder value.
The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the
requirements of the financial covenants. The Company monitors capital using a gearing ratio, which is net debt divided by total
capital plus net debt.
In order to achieve this overall objective, the Company's capital management, amongst other things, aims to ensure that it meets
financial covenants attached to the interest-bearing loans and borrowings that define capital structure requirements. There have
been no breaches in the financial covenants of any interest-bearing loans and borrowing in the current year.
In terms of our report of even date attached For and on behalf of the Board of Directors
For BHARAT SHAH & ASSOCIATES,
Chartered Accountants
Firm Reg. No.101249W Chintan Chheda Rakesh Bajaj
Director Director
BHARAT A. SHAH DIN :08098371 DIN :02894631
PROPRIETOR
Membership No. 32281 Akhilesh Kumar
CFO
PLACE: Mumbai
DATE : 29-05-2025
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