No provision is made for liabilities which are contingent in nature but, if material, the same are disclosed by way of notes to the accounts.
In accordance with Accounting Standard-20 "Earning per Share” issued by the Institute of Chartered Accountants of India, Basic earning per shares is computed by using weighted average number of shares outstanding during the year.
Foreign exchange earnings during the year amount to ' 8,57,32,900/- from export Sale during the year, however Advance receipt of ' 2,51,48,561/- against future Exports. Purchase/Expenditure in foreign currency during the year amount to ' 4,02,28,362/-.
21. Previous year figures are re-grouped and re-classified wherever necessary Figures in the bracket indicates figures for the Previous Year.
22. In the absence of confirmations, the entries recorded in the books of accounts have been relied upon, and therefore, such balances are as per the books of accounts of the company.
23. In the opinion of the board, unless otherwise stated in the Balance Sheet and schedules attached thereto, the current assets and loans and advances as stated in the balance sheet are approximately of the value realisable in the ordinary course of business and provisions for all known liabilities for the period have been made in the books of accounts of the company.
24. The Company is small and medium sized company (SMC) as defined in the General Instruction in respect of Accounting Standards notified under the Act, Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and Medium Sized Company.
25. According Polices not specifically referred to are consistent with generally accepted Accounting Practices.
Chartered Accountants
ICAI F.R.No. 006569C/W100892
Partner Chairman Managing Director
M.No.: 400438 DIN : 02122493 DIN : 00460811
Date:- 13-05-2024 Date:- 13-05-2024
Place:- Mumbai Place:- Mumbai
Place:- Mumbai Chief Financial Officer Company Secretary