j. Contingent Liabilities and Contingent Assets:
Provision is made for all known liabilities. Contingent Liabilities, if any are disclosed in
the account by way of a note. Contingent assets are neither recognized nor disclosed in the
financial statements.
k. Earning Per Shares:
The earnings considered in ascertaining the Company’s EPS are computed as per
Accounting Standard 20 on “Earning Per Share”, issued by the Institute of Chartered
Accountants of India. The number of shares used in computing basic EPS is the weighted
average number of shares outstanding during the period. The diluted EPS is calculated on
the same basis as Basic EPS, after adjusting for the effects of potential dilutive equity
shares unless the effect of the potential dilutive equity shares is anti-dilutive.
1. Other Accounting policies:
These are consistent with generally accepted accounting practices.
NOTE 25: ADDITIONAL AND OTHER EXPLANATORY INFORMATION
FORMING PART OF THE FINANCIAL STATEMENT AS ON 31.03.2025:
1 Previous year figures have been re-grouped/re-classified whenever necessary to
correspond with the current year classification/disclosure.
2 Balance of receivables, payables and loans and advances parties are subject to their
confirmations. These balances are therefore, subject to adjustments, if any, as may be
required on settlement of these balances with the parties.
5 Earnings per Share:
Basic earnings per share are calculated by dividing the net profit for the period
attributable to equity shareholders among the equity shares outstanding during the period.
For the purpose of calculating diluted earnings per share, the net profit for the period
attributable to equity shareholders and the weighted average number of shares
outstanding during the period are adjusted for the effects of all dilutive potential equity
shares, However there are no potential equity shares in existence during the current and
previous period therefore Basic and Diluted EPS are similar calculated as under:
8 Government of India has promulgated an Act namely The Micro, Small and Medium
Enterprise Development Act, 2006 which comes into force with effect from October 02,
2006. As per the act, the Company is required to identify the Micro, Small and Medium
Suppliers and pay them interest on overdue beyond the specified period irrespective of
terms agreed with the suppliers. Accordingly, the Company has sent the confirmation
letters to its suppliers to identify the supplier registered with the Act. As per the
information available with the Company, some of the suppliers has confirmed that they
have registered with the Act however in no case out of the identified suppliers, any
payable amount remained outstanding for more than 45 days or agreed days, whichever is
earlier, during the year.
The outstanding amount payable at the end of the reporting period to such suppliers was
Rupees Nil/- (Previous Year Rupees Nil/-) which were outstanding for less than 45 days
or agreed days, whichever is earlier, as at reporting date. Accordingly, the liability of
interest has not been provided nor is required to disclose.
9 In the opinion of management, the assets and Liabilities are approximately of the value as
stated by the management, grouped and presented as per estimation by the management
for term of such assets or liabilities, If realized in the ordinary course of business, unless
otherwise stated. In the opinion of management, the provisions for all liabilities are
adequate and not in excess/ shortage of the amount reasonably necessary.
10 Capital and other commitments:
Estimated amount of contracts remaining to be executed on capital account and not
provided for net of capital advances of as on March 31st, 2025: Rupees Nil (March 31st,
2024: Rupees Nil). There are nil material other commitments as at reporting date to
disclose.
11 Foreign exchange earnings & outgo are Nil during the period.
12 As per AS 28 Impairment of Assets issued by ICAI there has been no significant
impaired fixed assets that needs to be recognized in the books of accounts.
13 There is nil Contingent Liability as on reporting date.
Significant Accounting Policy and Accompanying Notes 1 to 14 are forming integral
part of the Financial Statements.
For, Bimal Shah Associates For and on Behalf of the Board of
Directors of
Chartered Accountant Koura Fine Diamond Jewelry Limited
Firm Registration No.101505W
Bimal Arvindbhai Shah Kamlesh K Lodhiya Charmi K Lodhiya
Proprietor Managing Director Whole Time Director &
CFO
Membership No.042372 DIN: 09547591 DIN: 09547590
Asha R Jain
Company Secretary
UDIN :25042372BMORBG9268
Place : Ahmedabad Place : Ahmedabad
Date : 24/05/2025 Date : 24/05/2025
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