Notes to Accounts of Aviva Industries Ltd.

Mar 31, 2024

B. Financial risk management

The Company''s activities expose it to variety of financial risks such as credit risk, liquidity risk, and market risk. The Company''s focus is to foresee the unpredictability of financial markets and seek to

(i) Credit risk

Credit risk is the risk of financial loss arising from counterparty failure to repay or service debt according to the contractual terms or obligations. Credit risk encompasses both the direct risk of default and
Credit risk on cash and cash equivalents is limited as the Company makes investment in deposits with banks only.

Exposure to credit risk

The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk was ? 1815273 as at March 31, 2024 and 761519 as at March 31,2023, being the
total of the carrying amount of trade receivables and loans & advances to employees.

Financial assets that are neither past due nor impaired

None of the Company''s cash equivalents, including time deposits with banks, are past due or impaired. Regarding trade receivables and other receivables, and other loans or receivables that are neither
In addition, exposure to credit risk is also in relation to financial guarantee contracts for which the company has created a liability for potentional exposures.

The ageing of trade receivables as of Balance Sheet date is given below. The age analysis has been considered from the due date.

Trade Receivables

The Company''s exposure to credit risk is influenced mainly by the individual characteristics of each customer. The demographics of the customer, including the default risk of the industry and country in

(ii) Liquidity risk

Liquidity risk arises from the Company''s inability to meet its cash flow commitments on time. Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its
The Company''s p rincipal sources of liquidity are cas h and cash equivalents end oth er bank balances. The Company has taken loan from director amounting to Rs .7939000 to meet the qash flow

Exposure to liquidity risk

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted.

(b) Interest rate risk

Interest rate risk is measured by using the cash flow sensitivity for changes in variable interest rates. Any movement in the reference rates could hiave an impact on the Company’s cash flows as well as
interest rstn sensitive financial instruments tn manage thn liquidity and fund requirements fnr ita day tn day operations like short term loans.

As at March 31,2024 and 2023, financial liability of ? 7589000 was subject to variable interest rates.

Increase/decrease of 100 basis points in interest rates at the balance sheet date would result in an impact (decrease/increase in case of profit/(loss) before tax of ? 75890 and on income for the year ended
March 31,2024 and 2023 respectively.

Note No 24. OTHER STATUTORY INFORMATION

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property

(ii) Basis the information available with the Company as on the reporting date and as on the date on which financial statements are approved and authorised for issue, the Company does not have
any transactions with the companies struck off. Further, the Company has not been declared as a wilful defaulter by any Bank / Financial Institution / any other lender.

(iii) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

(iv) No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the

Company to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”) with the understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in
party identified by or on behalf of the Company (Ultimate Beneficiaries).

(v) The Company has not received any fund from any party(s) (Funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or
entities identified by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(vi) The Company has not any such transaction which is 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, 13 1 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

(vii) All immovable properties shown in the Balance Sheet are held in the name of the Company. Further, in case of joint operations, the immovable properties are held in the name of the operator.

(ix) The Code on Social Security, 2020 (’Code’) relating to employee benefits during employment and post-employment benefits received Presidentia assent in September 2020. The Code has been
published in the Gazette of India. However, the date on which the Code will come in to effect has not been notified. The Company will assess the impact of the Code when it comes into effect and will
record any related impact in the period when the Code become''s effective.

(x) The Company does not undertake any transactions with respect to crypto currency / assets.

(xi) CSR is not applicable to Company.

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Mar 31, 2014

(i) Balance of cash on hand at the end is accepted as certified by the management of the company

(ii) The figures of the previous year are regrouped or rearranged wherever it is necessary.

(iii) Investments are unquoted and stated at cost. Income from Investment is accounted for when received.

(iv) Balance of Sundry Debtors, Creditors, unsecured loans, Loans & advances are subject to confirmation of the parties.

i) The Company has only one class of Equity Shares having a par value of Rs. 10/- per share. Each holder of Equity Share is entitled to one vote per share. The Company declares and pays dividend in Indian Rupees. During the year ended 31st March 2014, the Company has not declared any dividend.

ii) 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.

(f) Detailed note on shares reserved to be issued under options and contracts / commitment for the sale of shares / divestments including the terms and conditions.

The company does not have any such contract / commitment as on reporting date.

(g) Detailed terms of any securities convertible into shares, e.g. in the case of convertible warrants, debentures, bonds

The company does not have any securities convertible into shares as on reporting date.

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Mar 31, 2013

(i) Balance of cash on hand at the end is accepted as certified by the management of the company

(ii) The figures of the previous year are regrouped or rearranged wherever it is necessary>

(iii) Investments are unquoted and stated at cost. Income from Investment is accounted for when received.

(iv) Balance of Sundry Debtors, Creditors, unsecured loans, Loans & advances are subject to confirmation of the parties.

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Mar 31, 2012

The company does not have any such contract I commitment as on reporting date.

a Totaled stent of any con verity in to again, e.g. In the caste of convertible warrant, Deben, bond Ate.

The company does not have any securities convert He Into shares as on reporting date.

Note 1

The firms of (the previous year have been ne-airing field, ns-grouped and classified.

- There is closing Stock of Rs. NIL at the close of the year.

- Balance of cash on hand at the end is accepted as certified by the management of the company.

- Balance of sundry Debtors, Creditors, unsecured loans, Loans & advances are subject to the confirmation of parties.

- In view of the insignificant amount of Net deferred tax liability/ net deferred tax asset on the date of balance sheet, no adjustment in this regard has been made.

- The expense of electricity, telephone and maintenance include expense of properties owned by the company and occupied by the directors of the company.

- The figures of the previous year are regrouped or rearranged wherever it is necessary.

- Provision in respect of Auditors Remuneration is done.

- Non - current Investment trade quoted and unquoted are valued at cost and certified by the management of the company.

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Mar 31, 2010

A) In the opinion of the Board of Directors of the company the current assets, loans and advances and deposit are approximately of the value stated in the accounts, if realized in the ordinary course of business unless otherwise stated.

B) The provisions for all known liabilities are adequate and not in excess of the amount reasonably necessary.

C) Whenever supporting invoices, vouchers etc. for expenses and purchase of fixed assets are not available; management of the company certifies that all such expenses and addition to fixed assets are incurred solely for the purpose of the business of the Company.

D) Debtors, loans and advances and sundry creditors are as per books of account are subject to the confirmation.

E) Additional information pursuant to Para 3 and 4 of the part II or the schedule VI of the Companies Act 1956

G. Licensed Capacity / Installed Capacity:

As the company has not undertaken any manufacturing activity during the year, hence not applicable. necessary in order to make them comparable with current years figures.

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Mar 31, 2009

1. In the opinion of the Board of Directors of the company, the Current Assets, Loans, Advances and Deposits are approximately of the value stated in the Accounts, if realised in the ordinary course of business, unless otherwise stated:

2. The provisions for all known liabilities are adequate and not In excess of the amount reasonably necessary.

3. Debtors, Loans & Advances & Sundry Creditors are as per books of accounts and subject to confirmation.

4. Additional Information pursuant to para 3 & 4 of the Part II of the Schedule VI of the Companies Act, 1956

I. LICENSED CAPACITY/ INSTALLED CAPACITY:

As the company has not undertaken any manufacturing activity on its own during the year, hence not applicable

5. Disclosure of related party Transactions as Required by AS-18. As per the information provided by the management there has been no transaction with the related parties