7. Provisions, Contingent Liabilities and Contingent Assets:- (AS-29)
Provisions are recognized only when there is a present obligation as a result of past events and
when a reliable estimate of the amount of the obligation can be made.
There are no Contingent Liabilities as on Balance Sheet Date.
Contingent assets are not recognized in the financial statement since this may result in the
recognition of the income that may never be realized.
General:
Except wherever stated, accounting policies are consistent with the generally accepted accounting
principles and have been consistently applied.
(B) Notes on Financial Statements
1. The SSI status of the creditors is not known to the Company; hence the information is not
given.
2. Salaries includes directors remuneration on account of salary 1,80,000 /- (Previous Year
Rs.10,95,000/-)
3. Trade receivables, Trade payables, Loans & Advances and Unsecured Loans have been taken
at their book value subject to confirmation and reconciliation.
5. Loans and Advances are considered good in respect of which company does not hold any
security.
6. Since the information regarding applicability of MSMED Act, 2006 to the various suppliers/parties
is not available with the Assessee, hence information as required vide clause 22 of Chapter V of
MSMED Act, 2006 is not being given.
7. It is not possible for us to verify that cheque or DD are account payee or not,as copy of cheque and
DD is not in possession of assesse
8. Since Taxpayer is not in position to Provide complete detail as required and we are also not in
position to verify its correctness and completeness of reporting. Hence Information Pertaining to
GST has not been Compiled by the taxpayer in the mode and manner mandated by clause 44 and
we are also not able to form any opinion in this regard.
9. No provision for retirement benefits has been made, as there is no policy of the company in
this regard.
In terms of Our Separate Audit Report of Even Date Attached.
For HCO & CO. For SBL INFRATECH LIMITED
NEERAJ BANSAL
P«artn.fr M AMI/IT CUADnflA SHIFALI SHARMA
Membership No. 400248 ANKIT SHARMA r>- * ^
_ - . .- nn-mo-7^ x Director and CFO
Registration No. 001087C Director DIN. 07239144
DIN: 07238593 N^O
... Address:
RZ-841/orBSLSC)CK B B
’n„n BINDAPUR
BINDAPUR I ITTAA*
extensions™ JAGTAR1 SDiECN:U71i°°M9
NAGAR DELHI 110059 NAGAR DE'LJH 1
DL IN DL IN
Place:- DELHI
Date: -30/05/2024
UDIN.24400245BKDNSC4367
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