Terms/rights attached to equity shares :
The Company has only one class of equity shares having par value at ? 1 per share, each holder of equity shares Is entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The final dividend if any proposed by the Board of Directors Is subject to the approval of the shareholders in the ensuing Annual General Meeting.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
b Names of Close Family Members of Key Managerial Personnel who are under the employment of the Company:
Mr. Yuvraj Vishal Kampani Mr. Parth Vishal Kampani
c Names of Close Family Members of Key Managerial Personnel (apart from those who are in employment of the Company):
Mrs. Madhu Kapoor
d Entities where Key Managerial Personnel / Close family members of Key Managerial Personnel have control/significant influence:
Matrix Enterprises
Midas Hygiene Industries Pvt. Ltd
Note 38: Additional disclosures with respect to amendments to Schedule III
a. The company does not have any immovable property properties.
b. The Company had not granted any loans or advances in the nature of loans to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other person, that are repayable on demand or without specifying any terms or period of repayment.
c. The Company was not holding any benami property and no proceedings were initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.
d. The Company had not been declared a wilful defaulter by any bank or financial institution or other lender (as defined under the Companies Act, 2013) or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India.
e. The Company did not have any transactions with struck off companies under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.
f. The Company did not have any charges or satisfaction which were yet to be registered with ROC beyond the statutory period.
g. The Company has not traded or invested in Crypto currency or Virtual Currency during year ended 31 March, 2025.
h. The Company has not advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) any funds to or in any other persons or entities, including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
I. The Company has not received any funds from any persons or entities, including foreign entities (“Funding Parties”), 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”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
j. The Company did not have any transaction which had not been recorded in the books of account that had been surrendered or disclosed as income during the 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).
k. The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.
(a) Current ratio has increased on account increase in current assets compared to previous year.
(b) Debt-equity ratio has increased since the net worth has turned positive as on 31st March,2025 as compared to previous year.
© Debt service coverage ratio is increase on account of increase in earning available for debt service compared to previous year.
(d) Return on equity ratio cannot be calculated as the Average shareholder's equity is negative as on 31st March 2025 and 31st March 2024.
(e) Inventory turnover ratio has increased due increase in Cost of Goods sold as compared to last year.
(f) Trade receivables turnover ratio has increased due increase in sales as compared to last year.
(g) Trade payables turnover ratio has increased due increase in purchase as compared to last year.
(h) Net Capital turnover ratio has decreased due increase in working capital as compared to last year.
(I) Net Profit/(loss) ratio has been improved due to increase in Net profit for the current year as compared to Net loss for the previous year.
(j) Return on capital employed has been improved due to increase in profit before interest, exceptional itema and tax compared to previous year.
(k) Variance is not calculated as there was no investment during previous year.
40 Additional Informations
A Transfer to reserves for Contingency, Specific Liability.eto., - Not Applicable B Transfer from reserves for Contingency, Specific Liability.eto., - Not Applicable C Transfer to provisions for Contingency, Specific Liability.eto., - Not Applicable D Transfer from provisions for Contingency, Specific Liability.eto., - Not Applicable E Dividend from Subsidiary companies - Not Applicable, as no holding-subsidiary relationship exists
F Provisions for losses of subsidiary companies - Not Applicable, as no holding-subsidiary relationship exists
| |
|
|
| |
41.
|
Contingent Liabilities
(' in Lacs)
|
|
|
| |
Particular
|
As on: 31-03-2025
|
As on: 31-03-2024
|
|
|
Sales Tax Dues for FY 2013-14
(Appeal petition filed by M/S YUVRAAJ HYGIENE INDUSTRIES PVT LTD had contested an assessment order under the MVAT Act, 2002, for the financial year 201314, which initially demanded Rs. 16,52,525/- (including tax, interest, and penalty. The appellate authority, vide order dated 3i/05/2024, allowed the appeal, reducing the liability to Rs. 63,62o/-. The company had already paid this amount during the appeal process, resulting in no further dues. Accordingly, the matter stands resolved.)
|
nil
|
16.53
|
|
Income Tax Demand for FY 2019-20
(The company had filed an appeal against the income tax demand of Rs. 50,42,510/-raised under Section 143(1) of the Income Tax Act, 1961 for AY 2020-21. The Commissioner of Income Tax (Appeals), vide order dated 07/10/2024, allowed the appeal in favor of the company, resulting in the full relief of the demand. Consequently, the tax demand of Rs. 50,42,51o/- was fully relieved.)
|
nil
|
50.42
|
|
Income Tax Demand for FY 2020-21
(The company had filed an appeal against the income tax demand of Rs. 87,74,820/-raised under Section 143(1) of the Income Tax Act, 1961 for AY 2020-21. The Commissioner of Income Tax (Appeals), vide order dated 07/10/2024, allowed the appeal in favor of the company, resulting in the full relief of the demand. Consequently, the tax demand of Rs. 87,74,82o/- was fully relieved.)
|
nil
|
87.75
|
|
Total
|
NIL
|
154.70
|
42. Segment Reporting
Segments have been identified in accordance with Indian Accounting Standards (“Ind AS”) 108 on Operating Segments, considering the risk or return profiles of the business. As required under Ind AS 108, the Chief Operating Decision Maker (CODM) evaluates the performance and allocates resources based on analysis of various performance indicators. Accordingly, information has been presented for the Company's operating segments. The Company has identified (i) Cleaning Products, (ii) Warehousing Storage Products, and (iii) Insecticide Products as reportable segments. The Company has presented its segment results accordingly.
Note 1 : The Company has presented segment information in accordance with Ind AS 108 - Operating Segments. During the current financial year, the Company identified reportable operating segments based on the quantitative thresholds prescribed under Ind AS 108. In the previous financial year, no such segments were reportable as none met the specified thresholds. Accordingly, segment reporting was not presented for the quarter and year ended 31st March 2024.
Note 2 : The Assets and Liabilities are used interchageably amongst segments. Allocation of such assets and liabilities is not practicable and any forced allocation would not result in any meaningful segregation. Hence, assets and liabilities have not been identified to any of the reportable segment.
43. Corporate Social Responsibility
The provisions of Section 135 of the Companies Act, 2013 regarding Corporate Social Responsibility (CSR) were not applicable to the Company during the current financial year, as the threshold limits prescribed under the section were not exceeded in the immediately preceding financial year. However, given that the Company has earned profits exceeding the prescribed thresholds in the current financial year, CSR requirements will become applicable in the subsequent financial year.
44. Gratuity Plans
The Company's liabilities under the Payment of Gratuity Act, 1972 are determined on the basis of actuarial valuation made at the end of each reporting period using the projected unit credit method.
The settlement obligation remains with the Company. Company accounts for the liability for future gratuity benefits based on an actuarial valuation. The net present value of the Company's obligation towards the same is actuarially determined based on the projected unit credit method as at the Balance Sheet date.
Discount rate
Discount Rate for this valuation is based on government bonds having similar term to duration of liabilities. Due to lack of a deep and secondary bond market in India, government bond yields are used to arrive at the discount rate.
Mortality/ disability
If the actual mortality rate in the future turns out to be more or less than expected then it may result in increase / decrease in the liability. Employee turnover/Withdrawal rate
If the actual withdrawal rate in the future turns out to be more or less than expected then it may result in increase / decrease in the liability.
Salary escalation rate
More or less than expected increase in the future salary levels may result in increase / decrease in the liability.
46. The remuneration paid by the Company to its directors during the year is in accordance with the provisions of section 197 of the Act.
47. Current Assets, Non-current Financial Assets, Loans and Advances (assets) have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the accounts, except otherwise stated.
48. Sundry Debtors, Sundry Creditors, Deposits and Loans and Advances (debit or credit balances on whatever account) are subject to confirmation from parties / authorities concerned and reconciliation. The effect, if any, will be provided on final reconciliation / determination with parties.
50. Disclosure pursuant to section 186 of the Companies Act 2013:
During the financial years ended March 31, 2025 and March 31, 2024, the Company has not given any loans or advances, nor provided any guarantees or securities. Further, no investments have been made in fully paid equity instruments or current investments during these periods.
51. Capital and Other Commitments:
As on March 31,2025 and March 31,2024, there were no capital commitments, and no estimated amount of contracts remaining to be executed on capital account has been provided for. The Company has routine other commitments arising from purchase and sales orders, and employee benefit obligations, made in the normal course of business based on the operating cycle requirements.
52. Corporate Governance
As on the last day of the previous financial year i.e. 31st March 2024, the paid up equity share Capital of the Company is Rs. 906.56 Lacs and net worth is (negative) Rs. 474.98 Lacs, which is below the limits prescribed under Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, therefore the Company is not required to comply with the provisions of Corporate Governance for the financial year 2024-25.
53. On the basis of the written representations received from the directors as on March 31,2025 taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2025 from being appointed as a director in terms of Section 164(2) of the Companies Act, 2013.
54. The inventories were physically verified during the year by the Management at reasonable intervals and no discrepancies of 10% or more in the aggregate for each class of inventories were noticed on such physical verification of inventories when compared with the books of account.
55. The company has not been sanctioned any working capital limits from banks or financial institutions on the basis of security of current assets at any point of time during the year.
56. The Company has not made any investments, granted secured/ unsecured loans/advances in nature of loans, or stood guarantee, or provided security to any parties during the year.
57. The Company has not granted any loans or made any investments or provided any guarantees or security to the parties covered under Sections 185 and 186 of the Companies Act, 2013.
58. The Company has not accepted any deposits or amounts which are deemed to be deposits within the meaning of Sections 73, 74, 75 and 76 of the Companies Act, 2013 and the Rules framed there under to the extent notified.
59. The maintenance of cost records has not been specified by the Central Government under sub-section (1) of section 148 of the Companies Act, 2013 for the business activities carried out by the Company.
60. The company has not defaulted in repayment of dues to a financial institutions or banks during the year. The Company has not taken any term loan during the year and there are no outstanding term loans at the beginning of the year. Also, no funds have been raised on short-term basis by the Company during the year.
61. The Company does not hold any investment in any subsidiary, associates or joint venture as defined under the Companies Act, 2013 during the year ended 31st March 2025.
62. The Company has not raised any moneys by way of initial public offer or further public offer (including debt instruments) during the year.
63. The company has made preferential allotment or private placement of shares during the year and the requirements of section 42 and section 62 of the Companies Act, 2013 have been complied with and the funds raised have been used for the purposes for which the funds were raised.
64. No fraud by the company or no fraud on the company has been reported during the year.
65. No report under section 143(12) of the Companies Act, 2013 has been filed by the secretarial auditor or by the statutory auditor in Form ADT-4 as prescribed under Rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government, during the year (and upto the date of signing of this financial statement).
66. There were no whistle blower complaints received by the Company during the year (and upto the date of signing of this financial statement).
67. The Company is not a Nidhi Company and hence, the Nidhi Rules, 2014 are not applicable to the Company.
68. The Company has entered into transactions with related parties in compliance with the provisions of Sections 177 and 188 of the Act.
69. The Company has not entered into any non-cash transactions with its directors or persons connected with him during the year.
70. The Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934. Also, the Company has not conducted non-banking financial/housing finance activities during the year. Further, The Company is not a Core Investment Company (CIC) as defined in the regulations made by the Reserve Bank of India.
71. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.
72. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.
73. Previous year figures have been regrouped/reclassified where necessary, to confirm with current period's presentation for the purpose of comparability.
The accompanying notes form an integral part of the financial statements.
|