1) Some of the Balances of sundry creditors, sundry debtors, loans & advances, and other liabilities are subject tobalance confirmation and reconciliation.
2) In the opinion of the Board of Directors, Current Assets, Loans &Advances are approximately of the value at which they are stated in the Balance Sheet, if realized in the ordinary course of business.
3) The Company operates in one segment only.
4) The Company manages its capital to ensure that it will be able to continue as a going concern. The structure is managed to provide ongoing returns to shareholders and service debt obligations, whilst maintaining maximum operational flexibility.
5) The carrying amounts of trade payables, other financial liabilities, cash and cash equivalents, other bank balances, trade receivables and other financial assets are considered to be the same as their fair values due to their short-term nature.
6) The Company opines that no provision for expected credit loss is required.
7) There is no significant market risk or liquidity risk to which the Company is exposed.
9) No amount remained due to Micro and Small Enterprises as defined in the “The Micro, Small and Medium Enterprise Development Act, 2006” as identified on the basis of information collected by the management.
10) The Company has re grouped and re-classified the previous year’s figures in accordance with the requirements applicable in the current year. In view of this, certain figures of the current year are not strictly comparable with those of the previous year.
12) Notes 1 to 38 form integral part of standalone financial statements.
(i) Previous year figures have been regrouped and reclassified wherever necessary.
(ii) Expenditure and earning in foreign currency: Nil
(iii) Undisclosed Income:
Company does not have any transactions not recorded in the books of accounts that has 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). Also, there are nil previously unrecorded income and related assets.
(iv) Details of Crypto Currency or Virtual Currency:
Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
(v) Figures have been rounded off to the nearest Rupee.