(n) Provisions, Contingent Liabilities and Contingent Assets
Provision is recognized in the accounts when there is a present obligation as a result of past event(s)
and it is probable that an outflow of resource will be required to settle the obligation and a reliable
£Ý estimate can be made. Provisions are not discounted to their present value and are determined based on
7; the best estimate required to settle the obligation at the reporting date. These estimates are reviewed at
T5 tj each reporting date and adjust to reflect the current best estimates. Contingent liabilities are disclosed
(O unless the possibility of outflow of resources is remote. Contingent assets are neither recognized nor
^ ^ g1 disclosed in the financial statements.
(iii) Variations in Debt Service Coverage Ratio. Return on Equity Ratio and Return on Capital Employed
Ratio as at 31st March, 2024 as compared to 31st March, 2023 are primarily due to decrease in
profitabilty.
(iv) Variation in Inventory Turnover Ratio as at 31st March, 2024 as compared to 31st March, 2023 is
primarily due to increase in Inventories.
(v) Variation in Trade Receivable Ratio as at 31st March, 2024 as compared to 31st March, 2023 is
primarily due to increase in Trade Receivables.
(vi) Variation in Trade Payable Ratio as at 31st March, 2024 as compared to 31st March, 2023 is
primarily due to increase in Trade Payables.
(vii) Variation in Net Capital Turnover Ratio as at 31st March, 2024 as compared to 31st March, 2023 is
primarily due to increase in Working Capital and decrease in Turnover,
(viii) Variation in Return on Investment Ratio as at 31st March, 2024 as compared to 31st March, 2023 is
primarily due to increase in profit on sale of Investment.
37 The Company has paid advance of Rs. 21.00 Lacs on 24th January, 2023 to Shri Ajay Kumar Chauhan for
purchase of 3.51 Bigha {Approx ) agriculture land at village Chirota Tehsil Sanganer, District Jaipur, but
agreement for purchase of this land has not yet been executed. This amount has been shown under the
head "Capital Advances" in note no 12 hereinabove
38 A claim has been lodged with the United India Insurance Company Limited for damage of some part of
Plant and Machinery and Finished Goods due to fire occured in the plant of the Company during current
financial year and the said claim has not yet been approved by the the insurance company. But, since in
' the opinion of the management of the Company approval of insurance claim is reasonably certain
therefore, Insurance claim of Rs, 58.49 Lacs has been accounted for and has been shown as "Insurance
claim Receivable" in Schedule 17 hereinabove.
39 The Company has filed quarterly statements with bank in lieu of working capital facilities and variation
between stock and book debts reported to bank with books of account have been qiven below:-
45 OTHER ADDITIONAL REGULATORY INFROMATIONS:
(i) Title deeds of Immovable Property not held in the name of the Company - None
(ii) The Company has not revalued any of its Property, Plant and Equipment and intangible assets during
the year
(iii) Intangible assets under development -None
(iv) The Company does not have any Benami property, where any proceedings has been initiated or
pending against the Company for holding any Benami property.
(v) The Company is not declared as wilful defaulter by any bank or financial institution (as defined under
the Companies Act, 2013) or consortium thereof or other lender in accordance with the guidelines on
wilful defaulters issued by the Reserve Bank of India.
(vi) The Company does not have any charges or satisfaction which is yet to be registered with Registrar
of Companies beyond the statutory period.
(vii) The Company has complied with respect to number of layers prescribed under Section 2(87) of the
Act.
(viii) No any Scheme of Arrangements was approved by the Competent Authority in terms of Section 230
to 237 of the Companies Act, 2013.
(ix) The Company has not received any fund from any person(s) or entity(ies) including foreign entities
(Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company
shall (a) directly or indirectly lend or invest in other persons or entities identifed in any manner
whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or (b) provide any
guarantee, secutrity or the like on behalf of Ultimate Beneficiaries.
(x) The Company has not advanced or loaned or invested funds to any person(s) or entity(ies), including
foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that
the intermediary shall (a) directly or indirectly lend or invest in other persons or entities identifed in
any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or (b) provide any
guarantee, security or the like to or on behalf of Ultimate Beneficiaries.
(xi) The Company does not have any transaction which is not recorded in the books of account that has
been surrendered or disclosed as income during the year in the tax assessments under the Income
Tax Act, 1961.
(xii) The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial
year
46 Previous year's figures have been regrouped/restated wherever found necessary to confirm to the
classification of the current year.
As per our Report of even date attached For and on behalf of the Board of Directors
For Jain Vinod and Company l*——x *
Chartered Accountants pinn
(Firm Registration No. 005420C) (Nemi Chand Jain) CtototWHw
/~\ . (pf Managing Director (DIN 00434383)
, c
(Vinod Gangwal) / Jf j
Partner I'Wf?
(Membership No. 073827) (Amit Kumar Jain)
Whole Time Director (DIN 00434515)
Place: Jaipur ftttGFO
Date 1 oth June, 2024 For shrl AhJmsa Naturals Limited
fW^V\T ocuV,Ý
Aayushi Jain
Company Secretary
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