N Provision and contingencies
The company creates a provision when there exists a present obligation as a result of past event that probably
requires an outflow of resources and a reliable estimate can be made of the amount of the obligation. A
disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may,
but probably will not require an outflow of resources, when there is a possible obligation or a present obligation
in respect of which likelihood of outflow of resources is remote, no provision or disclosure is made.
O Research and Development
Revenue expenditure on research and development is charged as an expense in the year in which it is incurred
under respective heads of accounts. Expenditure which results in the creation of capital assets is capitalised
and depreciation is provided on such assets as applicable.
P Earnings per share
The Basic earning per share is computed by dividing profit or loss attributable to equity shareholders of the
company by weighted average number of equity shares outstanding during the year. The company did not have
any potential dilutive securities in any of the years presented.
Fair value Hierarchy
Level 1 - Quoted prices (unadjusted ) in active markets for identical assets or liabilities that the entity can
access at the measurement date.
Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the assets or
liability , either directly(i.e. as prices) or indirectly (i.e. derived from prices).
Level 3 - Inputs for the assets and liabilities that are not based on observable market data
(unobservable inputs).
* The fair value of financial instruments have been calculated in reference to the intermediate
market rate of the stocks available.
FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES
The company's principal financial liabilities compromise of loans and borrowing, trade and other payables. The
main purpose of these financial liabilities is to finance the company operations. The company financial assets
include loans, trade and other receivables, cash and cash equivalents that derive directly from its operations.
The company is exposed to market risk, interest rate risk, credit risk and liquidity risk. The company's senior
management oversees the management of these risks.
Market risk
Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes
in market prices. Such changes in the value of financial instruments may results from changes in the interest rate
risk, credit, liquidity and other market changes.
Interest rate risk
Interest rate risk is the risk that the fair value or future cash flow of financial instruments will fluctuate because of
changes in market interest rates.
Credit risk:
Credit risk is the risk that counterparty will not meet its obligations under a financial instruments or customer
contracts, leading to a financial loss. The company is exposed to credit risk from its operating activities(primarily
trade receivable) and from its investing activities and financial institutions and other financial instruments.
Liquidity risk:
Liquidity risk is the risk that an entity will have difficulties in paying its financial liabilities. The objective of liquidity
risk management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements.
47 SEGMENT REPORTING
As per the management all fees are received from financial services and capital market. Therefore in accordance
with Indian accounting standard 108 on segment reporting, financial services is the only reportable business
segment and cannot be segregated. In the circumstances segment information required by Ind AS 108 of the
Institute of Chartered Accountants of India, is not applicable.
50 FOREIGN CURRENCY TRANSACTION
Expenditure incurred in Foreign Currency Nil
Income in foreign currency Nil
Other information Nil
51 In the opinion of the Board of Directors, all assets other than fixed assets have a value on realization in the
ordinary course of Business at least equal to the amount at which they are stated unless specified otherwise.
52 No provision has been made for amount of ? 3 Crore Paid against claim by a Investor in view of Management
same is recoverable from issuer company.
53 Parties accounts whether are debit or credit are subject to reconciliation and confirmation.
54 Non operative Bank balances whether in debit or credit are subject to confirmation and reconciliation.
55 Non operative Bank balances whether in debit or credit are subject to confirmation and reconciliation.
56 Previous year figures are regrouped and rearrange wherever necessary so as to make them comparable with
those of the current year.
57. Following disclosures shall be made where Loans or Advances in the nature of loans are granted to
promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally or
jointly with any other person, that are:
(a) repayable on demand or
(b) without specifying any terms or period of
repayment
59 No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any
other sources or kind of funds) by the Company to or in any other person(s) or entity (ies), including foreign
entities (“Intermediaries”) with the understanding, whether recorded in writing or otherwise, that the
Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries).
60 Company has not received any fund from any party(s) (Funding Party) with the understanding that the
Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on
behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the
Ultimate Beneficiaries.
61 The Company do not have any Benami Property, where any proceeding has been initiated or pending against
the Company for holding any Benami property.
62 The Company do not have any transactions with the Companies struck off.
63 The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond
statutory period.
64 The Company do not has not invested in Crypto currency or virtual Currency during the financial year .
65 No provision has been made for GST Demand for Financial Year 2017-18 amounting to Rs. 2.58 Lacs as
being contested in Appeal.
66 The Company do not has not have any such transaction which is not recorded in the books of accounts that
have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax
Acts, 1961(such as search or survey or any other relevant provisions of the Income Tax Act , 1961
SIGNED IN TERMS OF OUR
SEPARATE REPORT OF EVEN
FOR AND ON BEHALF OF THE BOARD OF DIRECTORS DATE.
Rajat Prasad Priyanka Singh Kalpana Shiv Kumar Yadav For G.C.Agarwal & Associates
(Managing Director) ( Director) ( Company Secretary) (CFO) Chartered Accountants
DIN:- 00062612 DIN:- 05343056 Firm Regn. No. 017851N
G.C.Agarwal
PLACE: New Delhi Partner
DATED: 18.05.2024 Membership no: 083820
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