The company recognizes the provisions when a there is present obligation (legal or constructive )
as a results of a past events exists and it is probable that am outflow of resources embodying
economic benefits will be required to settle such obligation and the amount of such obligation can
be reliably estimated.
If the effect of the time value of money is material, provisions are discounted using a current pre
tax rate that reflects, when appropriate, the risks specific to the liability. When discounting is used,
the increase in the provision due to the passage of time is recognised as a finance costs.
A disclosure of contingent liability is made there is possible obligation or a present obligation that
may, but probably will not require an out flow of resources embodying the economic benefits is
remote, no provision or disclosure is made.
1.2.9 Measurement of EBITDA
The company has opted to present earnings before interest (finance cot), tax, depreciation and
amortization (EBITDA) as a separate line item on the face of statement of profit and loss for the
period ended. The company measure EBITDA on the basis of profit / loss from continuing
operations.
1.2.10 Employee benefits
All the employee benefits payable wholly within 12 months of rendering the services are classified
as short term employee benefits and they are recognized in the period in which the employee
renders the related services. The company recognizes the undiscounted amount of short term
employee benefits expected to be paid in exchange for services rendered as a liability (accrued
expenses) after deducting any amount already paid.
1.2.11 Cash flow statements
Cash flows are reported using the "Indirect methods”, whereby profit for the period is adjusted for
the effects of transactions of a non-cash nature any deferral or accruals of past or future
operating cash receipts or payments and item of income or expenses associated with investing or
financing cash flows. The cash flow from operating investing and financing activities of the
company is segregated.
The accounts of certain Trade Receivables, Short Term Loans and
Advances, Current Liabilities and are subject to confirmation /
reconciliation and adjustment, if any. The Management does not expect
any material difference affecting the current year’s financial statements.
In the opinion of the management, the current assets, loans and
advances are expected to realize at least the amount at which they are
stated, if realized in the ordinary course of business and provision for all
Note 26 known liabilities have been adequately made in the books of accounts
The Company has prepared these financial statements as per the format
prescribed by Schedule III to the Companies Act, 2013 ('the schedule')
Note 27 issued by Ministry of Corporate Affairs.
Previous year figures have been regrouped / reclassified wherever
N0te 28 considered necessary to conform to this years classification.
Amount have been rounded
Note 29 off to the nearest rupee.
Notes on financial statements, Cash Flow Statement and statement on
accounting policies form an integral part of the balance sheet and profit
Note 30 and loss statement.
As per our report of even date For and on
behalf of the Board
For Sharad Chandra Toshniwal & Co. Virgo Global Limited
Chartered Accountant
Firm Registration No.015888S Sd/- Sd/-
Rajesh Gandhi Sonal Jain
Director Director
Sd/- DIN: 02120813 DIN: 07885062
Sharad Chandra
Toshniwal
Proprietor Sd/- Sd/-
M.NO.216455 M Umashankar Aditya Agarwal
UDIN No.24216455BKELZK5414 Whole Time Director Company Secretary
Place: Hyderabad DIN : -08445 1 23 PAN: APGPA7704N
Date: 29.05.2024_
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