Notes to Accounts of East Buildtech Ltd.

Mar 31, 2024

Certain debit balances of sundry debtors are subject to confirmation and reconciliation.Difference , if any, shall be accounted for on such reconciliation.

The Company follows ''simplified approach'' forrecognition of expected creditloss allowance on trade receivable.Under the simplifies approach, the Company does nottrack changes in credirrisk.Rather, itrecognizes expected credit loss allowance based on lifetime ECLs ateach reporting date, right from initial recognition.

Credit risk is managed through credit approvals, establishing credit limits , continuous monitoring of creditworthiness of customers to which the company grants credit terms in the normal course of business.The Company also assesses the financial reliability of customers taking into account the financial condition, current economic trends and historical bad debts and ageing of accounts receivable.

b) The Company has not allotted any fully paid up shares pursuant to contract(s) without payment being received in cash nor has allotted any fully paid up shares by way of bonus shares nor has bought back any class of shares during the period of five years immediately preceding the balance sheet date.

23 Contingent Liabilities and Commitments	31.03.2024	31.03.2023
Bank Guarantees issued by bankers	0.41	0.38
Capital Commitments ( Net of advances)	Nil	Nil

24 In the opinion of the Management the aggregate values of current assets, loans and advances on realisation in ordinary course of business will not be less than the amount at which they are stated in the balance sheet.

27 Financial Risk Management

The company’s activities expose it to a variety of financial risks: currency risk, interest rate risk credit risk and liquidity risk. The company’s overall risk management strategy seeks to minimise adverse effects from the unpredictability of financial markets on the company’s financial performance.

Interest rate risk

The company has borrowed from directors and Corporate having fixed rate of interest and therefore less prone to interest risk rate. There is no borrowing from Bank / Financial Institutions.

Credit risk

Credit risk is the risk of financial loss to the company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the company’s receivables

Trad e an d other receivables

Credit risk is managed through credit approvals, establishing credit limits, continuous monitoring of creditworthiness of customers to which the company grants credit terms in the normal course of business. The Company also assesses the financial reliability of customers taking into account the financial condition, current economic trends and historical bad debts and ageing of accounts receivables.

Cash & cash equivalents

With respect to credit risk arising from financial assets which comprise of cash and cash equivalents, the Company s risk exposure arises from the default of the counterparty, with a maximum exposure equal to the carrying amount of these financial assets at the reporting date. Since the counter party involved is a bank, Company considers the risks of non-performance by the counterparty as non-material.

Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The Company manages its liquidity risk by ensuring, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due. The Company’s finance department is responsible for fund management. In addition, processes and policies related to such risks are overseen by senior management.

28 Additional Regulatory Information

i) Title Deeds of all Immovable properties are held in the name of the company

ii) The company does not have any investment property.

iii) During the year the company has not revalued its property,plant and Equipment (including right -of-Use Assets)

iv) During the year the company has not revalued its intangible assets

v) During the year the company has not granted any Loan or advance 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:

a. repayable on demand : or

b. without specifying any terms or period of repayment,

vi) There is no CWIP in the Company

vii) The company does not have Intangible assets under development

viii) 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) and rules made thereunder.

ix) The company has not borrow from banks or financial institiution on the basis of security of current assets and quarterly returns or statement of current assets filed by the company with banks or financial institutions are in agreement with books of accounts.

x) The company is not declared wilful defaulter by any bank or financial Institution or other lender.

xi) The company has not entered into any transaction with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

xii) No charges or satisfaction yet to be registered with ROC beyond the statutory period.

^xiii) Ratio sheet has been separately enclosed

xiv) The company has complied with the number of layers prescribed under clause (87) of section 2 of the act read with companies (Restriction on number of layers) rule 2017.

xv) During the year any Scheme of Arrangements has not been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

xvi) Utilisation of Borrowed funds and share premium:-

A) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall

(i) 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

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries;

(B) 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

(i) 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

(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

^xvii) CSR provision is not applicable on the Company

^xviii) Company does not have any undisclosed income in the current year and also in the previous year.

xix) The company has not traded or invested in Crypto Currency or Virtual currency during the year.

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Mar 31, 2014

Note : 1 Previous year figures have been re-grouped and rearranged whenever necessary.

Note : 2 Income tax assessments upto the Assessment Year 2012-2013 have been completed u/s 143(1). Liability, if any, will be provided in the year of final assessment.

Note : 3 In the opinion of the Management the aggregate values of current assets, loans and advances on In the opinion of the Management the aggregate values of current assets, loans and advances on realisation in ordinary course of business will not be less than the amount at which they are stated in the balance sheet.

Note : 4 The Company has no dues relating to Micro, Small and Medium Enterprises as defined under the Micro, Small and Medium Enterprises Development Act 2006("Act"). Therefore no disclosures are given under this Act.

Note : 5 Related party disclosures as per Accounting Standard - 18

Related parties transaction during the year ended 31st March 2013 are detailed below:

i) Key Management Personnel and their relatives

* Mr. Madhusudhan Chokhani

* Mr. Vivek Garg

* Mr. J.P. Chokhani

* Mrs. Anita Chokhani

* J. P. Chokhani HUF

* Mrs. Kavita Chokhani

* Mr. Suresh Kumar Goenka

ii) Enterprises over which any person described in (a) is able to exercise significant influence

* Sugan TMT Industries Ltd

* Udyogika Ltd

Note : 6 Segment Reporting:

Identification of Segments

Primary Segment

Business Segment: The company''s operating businesses are organized and managed separately according to the nature of products with each segment representing a strategic business unit that offers different products. The two identified segments Real Estate/Construction & Consultancy.

Defined Benefit Plan

The employees'' gratuity fund scheme is a defined benefit plan. The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method, which recognises each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. The obligation for leave encashment is recognised in the same manner as gratuity.

The estimates of rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority, promotion and other relevant factors including supply and demand in the employment market. The above information is certified by the actuary.

Disclosure in respect of previous three annual periods as required by Revised Accounting Standard - 15 ''Employee Benefits'' is not presented as the management considers it impracticable in the absence of requisite information.

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Mar 31, 2013

Note-1 Defered Tax Liabilities/Assets

Deferred Taxes:

In accordance with the Accounting Standard 22 (AS-22)"Accounting for taxes on Income" issued by the Institute of Chartered Accountants of India the Company has provided for Deferred Tax. Deferred Tax Liability/assets up to 31.03.2013 comprising of the following major components:-

Note : 2 Previous year figures have been re-grouped and rearranged whenever necessary.

Note : 3 Income tax assessments upto the Assessment Year 2011-2012 have been completed u/s 143(1).

Liability, if any, will be provided in the year of final assessment.

Note : 4 In the opinion of the Management the aggregate values of current assets, loans and advances on realisation in ordinary course of business will not be less than the amount at which they are stated in the balance sheet.

Note : 5 The Company has no dues relating to Micro, Small and Medium Enterprises as defined under the Micro, Small and Medium Enterprises Development Act 2006("Act"). Therefore no disclosures are given under this Act.

Note 6 Segment Reporting:

As the Companies business activities falls within a single primary business segment i.e. Real Estate/Construction. The disclosure requirement of Accounting Standard (AS-17) ''Segment Reporting'' issued by the Institute of Chartered Accountants of India is not applicable.

Defined Benefit Plan

The employees'' gratuity fund scheme is a defined benefit plan. The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method, which recognises each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. The obligation for leave encashment is recognised in the same manner as gratuity.

The estimates of rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority, promotion and other relevant factors including supply and demand in the employment market. The above information is certified by the actuary.

Disclosure in respect of previous three annual periods as required by Revised Accounting Standard - 15 ''Employee Benefits'' is not presented as the management considers it impracticable in the absence of requisite information.

A. There was no employee who was employed throughout the Financial Year and was in receipt of an aggregate remuneration of more than Rs.48,00,000/- p.a. or Rs.4,00,000/- per month if employed for part of the year.

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Mar 31, 2012

NOTE : 1 SHARE CAPITAL

a) The Company has not allotted any fully paid up shares pursuant to contract(s) without payment being received in cash nor has allotted any fully paid up shares by way of bonus shares nor has bought back any class of shares during the period of five years immediately preceding the balance sheet date

Note : 2 Deferred Taxes:

In accordance with the Accounting Standard 22 (AS-22) "Accounting for taxes on Income" issued by the Institute of Chartered Accountants of India the Company has provided for Deferred Tax. Deferred Tax Liability/assets up to 31.03.2012 comprising of the following major components:-

Note : 3 Contingent Liabilities

Current Year Previous Year

Nil Nil

Note : 4 Previous year figures have been re-grouped and rearranged as per requirement of revised Schedule VI of the Companies Act, 1956.

Note : 5 Income tax assessments upto the Assessment Year 2010-2011 have been completed u/s 143(1). Liability, if any, will be provided in the year of final assessment. vincing evidence

Note : 6 In the opinion of the Management the aggregate values of current assets, loans and advances on realisation in ordinary course of business will not be less than the amount at which they are stated in the balance sheet.

Note : 7 The Company has no dues relating to Micro, Small and Medium Enterprises as defined under the Micro, Small and Medium Enterprises Development Act 2006 ("Act"). Therefore no disclosures are given under this Act.

Note : 8 Related party disclosures as per Accounting Standard - 18

Related parties transaction during the year ended 31st March 2012 are detailed below:

i) Key Management Personnel and their relatives

- Mr. Madhusudan Chokhani

- Mr. Suresh Kumar Agarwal

- Mr. Vivek Garg

- Mr. J.P. Chokhani

- Mrs. Anita Chokhani

- J. P. Chokhani HUF

- Mrs. Kavita Chokhani

- Mr. Suresh Kumar Goenka

Note : 9 Segment Reporting:

As the Companies business activities falls within a single primary business segment i.e. Real Estate/Construction. The disclosure requirement of Accounting Standard (AS-17) 'Segment Reporting' issued by the Institute of Chartered Accountants of India is not applicable.

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Mar 31, 2010

Current Year Previous Year

1. Contingent Liabilities Nil Nil



2. Previous year figures have been re-grouped and rearranged wherever necessary.

3. Taxation

(a) Income tax assessments upto the Assessment Year 2007-2008 have been completed u/s 143(1)(a). Liability, if any, will be provided in the year of final assessment.

(b) Minimum Alternate Tax (MAT)

Provision made for taxation is based on Minimum Alternate Tax (MAT) payable on Book Profits as per the provision of Sec 115 JAA of the Income Tax Act, 1961. Further in accordance with the Guidance Note on Accounting for Credit Available in respect of Minimum Alternative Tax (MAT) under the Income Tax Act, issued by Council of Institute of Chartered Accountants of India, MAT credit is recognized as an asset under the head "Loan and Advances" based on convincing evidence.

(c) Deferred Taxes:

In accordance with the Accounting Standard 22 (AS- 22) "Accounting for taxes on Income" issued by the Institute of Chartered Accountants of India the Company has provided for Deferred Tax. Deferred Tax Liability/assets up to 31.03.2010 comprising of the following major components:-

4. In the opinion of the Management the aggregate values of current assets, loans and advances on realisation in ordinary course of business will not be less than the amount at which they are stated in the balance sheet.

5. Some of the debit and credit balances are subject to confirmation.

6. The Company has no dues relating to Micro, Small and Medium Enterprises as defined under the Micro, Small and Medium Enterprises Development Act 2006("Act"). Therefore no disclosures are given under this Act.

7. Related party disclosures as per Accounting Standard-18

Related Parties transactions during the year ended 31st March, 2010 are detailed below :

(a) Key Management Personnel and their relatives

- Mr. Madhusudan Chokhani

- Mr. Suresh Kumar Agarwal

- Mr. Vivek Garg

- Mr. J.P. Chokhani

- Mrs. Anita Chokhani

- J. P. Chokhani HUF

- Kavita Chokhani

8. Segment Reporting :

As the Companies business activities falls within a single primary business segment i.e. Real Estate/Construction. The disclosure requirement of Accounting Standard (AS-17) Segment Reporting issued by the Institute of Chartered Accountants of India is not applicable.

9. In respect of a contract awarded to the company, the contractee company has since cancelled the contract & agreed to reimburse the expenses incurred by the company in that behalf. The company has incurred a sum of Rs. 83,36,771 and the balance Rs. 42,31,198 has been shown as expenses recoverable under the head "other advances".

10. There was no employee who was employed throughout the Financial Year and was in receipt of an aggregate remuneration of more than Rs.24,00,000/- p.a. or Rs.2,00,000/- per month if employed for part of the year.