There are no current liabilities except GST payable, Auditors Fees and Sitting fees payable.
11.6 Trade Payables
The Company does not have Trade Payables Therefore, the same is not applicable.
11.7 Contingent Liabilities and Commitments (to the extent not provided for)
(a) The Company is generally regular in depositing undisputed statutory dues including provident fund, income tax, sales tax,
service tax, value added tax, cess and other material statutory dues, as applicable, with the appropriate authorities.
(b) As at the year-end, following are the disputed statutory dues outstanding as per Income Tax site. However, the Company has
filed appeal before the Income Tax Appellate Tribunal (ITAT) against the appellate order and the appeal has been ruled in favour of
the Company. However, the Income Tax Website has not accounted for the same and there are no dues as on date.
11.8 Additional Regulatory Information
(i) Title deeds of Immovable Properties not held in name of the Company - Not applicable, no such case
(ii) Fair market value of Investment property - Not applicable, no investment property
(iii) Revaluation of Property, Plant and Equipment - Not applicable, no property, plant or equipment
(iv) Disclosure on revaluation of Intangible asset - Not applicable, no intangible asset
(v) Disclosure on Loans or advances granted to promoters, Directors, KMPs and the related parties - Not applicable, no loans/
advances granted
(vi) Capital-Work-in Progress (CWIP) - Not applicable, no CWIP
(vii) Intangible assets under development - Not applicable, no Intangible assets under development
(viii) Benami Property held - No proceeding has been initiated or pending against the Company for holding any benami property
under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988)
(ix) Borrowings from banks or financial institutions on the basis of security of current assets - Outstanding loan of Rs. 1 crore
taken from NBFC is against charge on current assets
(x) Wilful Defaulter - Company is not declared been as a wilful defaulter by any bank or financial institution or other lender
(xi) Relationship with Struck off Companies - Company has not entered into any transactions with companies struck off u/s 248 of
the Companies Act, 2013 or section 560 of Companies Act, 1956.
(xii) Registration of charges or satisfaction with Registrar of Companies (ROC) - Not Applicable during the financial year.
(xiii) Compliance with number of layers of companies - Company does not have any subsidiary and hence no disclosure required
(xiv) Disclosure on Ratios
(xv) Compliance with approved Scheme(s) of Arrangements - No Scheme of Arrangements has been approved by the Competent
Authority in terms of sections 230 to 237 of the Companies Act, 2013, therefore Not Applicable.
(xvi) Utilization of Borrowed funds and share premium - The Company has not advanced or loaned or invested funds to any other
person(s) or entity (ies). 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 directly or
indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party
(Ultimate Beneficiaries) - therefore not applicable
11.9 Others (Balance Sheet)
1. The Company has not applied any accounting policy retrospectively or makes a restatement of items in the financial
statements not has it reclassified items in its financial statements.
2. The Company has not received any Share application money, not is there any Share application money pending allotment.
3. There are no preference shares or compound financial instruments such as convertible debentures.
11.10 Others (Profit and Loss)
1. All employee Benefits expense are in the form of salaries and there is Nil contribution to provident and other funds, share
based payments to employees and staff welfare expenses.
2. All payments to the auditor are for audit fees and Nil for taxation matters, Company law matters, for other services and for
reimbursement of expenses (in Rs. thousand)
year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the
Income Tax Act, 1961).
6. Details of Crypto Currency or Virtual Currency - The Company has not traded or invested in Crypto currency or Virtual
Currency during the financial year.
7. The Company does not have subsidiaries, associates and joint venture Company.
As per our report of even date attached For and on behalf of the Board
Chartered Accountants Yash Trading and Finance Limited
Firm Registration No.: 131092W
Sd/- Sd/- Sd/- Sd/-
Daulal H. Bhatter Sadiq Patel Dinesh Mundhra Kavita Akshay Chhajer
Proprietor Whole Time Director Director Company Secretary
Membership No. 016937 DIN-06911684 DIN-00389283
Place: Mumbai
Date: 10-May-2024
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