Notes to Accounts of Ind-Agiv Commerce Ltd.

Mar 31, 2025

2.18) Provision, Contingent Liabilities and Contingent assets

A provision is recognized when an enterprise has a present obligation as a result of past event; it is
probable that an outflow of resources will be required to settle the obligation, in respect of which a
reliable estimate can be made. Provisions are not discounted to its present value and are determined
based on best estimate required to settle the obligation at the balance sheet date. These are reviewed
at each balance sheet date and adjusted to reflect the current best estimates. The Company has made
the provision of dividend payable account of Rs.2,89,569 which was unpaid dividend declared by last
year,

2.19) Trade and other payables

These amounts represent liabilities for goods and services provided to the Company prior to the end
of financial year which are unpaid. Trade and other payables are unsecured and are presented as
current liabilities unless payment is not due within 12 months after the reporting period. They are
recognized initially at their fair value and subsequently measured at amortized cost using the effective
interest method.

2.20) Dividend on Preference Shares

Provision is made for the amount of any preference shares dividend declared, being appropriately
authorized and no longer at the discretion of the entity, on or before the end of the reporting period
but not distributed at the end of the reporting period.

2.21) Goods and service tax input credit

Goods and service tax input credit is accounted for in the books in the period in which the underlying
goods or service received is accounted and when there is reasonable certainty in availing / utilizing
the credits.

2.22) Operating Cycle

Based on the nature of business activities of the Company and the normal time between project
completion and their realization in cash or cash equivalents, the Company has determined its
operating cycle as 12 months for the purpose of classification of its assets and liabilities as current and
non-current.

2.23) Earnings Per Share (EPS)

The earning per share, computed as per share, computed as per the requirement under Accounting
Standard 33 on Earnings per share issued by The Institute of Chartered Accountants of India, is as
under

2.24) Segment Reporting

As the Company''s business activity falls within a double business segment, namely dealing in paint
and installation & commission of Audio-Visual project, the disclosure requirements as per Ind-AS 108
"operating segments" are applicable. The Same report have attached separate tabular form.

3) Additional Information

i) Earning in foreign exchange - Nil

ii) Value of Imports calculated on C.I.F. basis Rs. 1,39,76,855

iii) Expenditure in foreign currency (on accrual basis) Rs. 1,25,677

iv) Estimated amount of contracts remaining to be executed on capital amount (net of advance) - Nil

3.1) As per the information available with the company and as certified by the management, there are
no dues outstanding including interest as on 31st March2025 to small and Micro enterprises defined
under Micro, Small and Medium Enterprises Development (MSMED) Act,2006.

3.2) Managerial Remuneration for the year Rs. NIL

3.3) Remuneration to Auditors

3) Paros Corp -Proprietary Concern of Mr. S. C. Oberoi, Director

4) Datapoint Impex Pvt. Ltd.-Mr. S.C. Oberoi, Common Director

5) Apamex Ltd. Japan - Mr. V.B. Rupani, Common Director

6) Key Management Personnel - Mr. V B Rupani Chairman

7) RST Technologies Pvt Ltd.-Mr. S. C. Oberoi, Common Director

3.5) Balance confirmation of all receivable and payable accounts (Including advances and Deposits)
are not received and any difference which may arise on reconciliation will Deal in with subsequent
year, however in the opinion of the management the net effect of such reconciliation may not have
any effect on the income of the company.

3.6) In respect of some expenses, we have relied upon the vouchers payment duly signed by the
directors.

3.7) For the year ended on March,31 2020 it is not possible for us to verify whether the payments in
excess of Rs. 10,000 have been made otherwise than by crossed cheques, bank drafts, account payee
cheques or account payee draft as the necessary evidence is not in the possession of the company. In
this respect, we have relied upon the information given by directors and bank statement issued by the
bank

3.8) Previous year''s figures have been reworked, rearranged, regrouped wherever necessary

As per our Report of even date, For and on behalf of the Board of Directors

IND AGIV Commerce Limited

H G Sarvaiya & Co.

Chartered Accountants
Firm Reg. No.115705W

CA Hasmukh G. Sarvaiya Lalit Chouhan Ranjan Chona

Proprietor Director Director

Membership No: ''045038 DIN No.00081816 DIN No. 02652208

Place: Mumbai
Date: 30-05-2025.

DIN : 25045038BMGPYT4196

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Mar 31, 2015

NOTE - 1 GRATUITY

The company is not liable to pay Gratuity

NOTE - 2

The Previous year's figures have been reworked, rearranged, regrouped and reclaimed wherever necessary

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Mar 31, 2014

NOTE - 1 Related party transactions during the year as per Accounting Standard 18: (a) Names of Related Parties & Description of Relationship

1) Holding Company:- Agiv (India) Pvt. Ltd.

2) Subsidiary Company:- Nil

3) Paros Corp:- Proprietary Concern of Mr. S. C. Oberoi, Director

4) Mrs. Uma Oberoi:- Wife of Mr. S. C. Oberoi, Director

5) Datapoint Impex Pvt. Ltd.:- Mr. S.C. Oberoi, Common Director

6) Apamex Ltd. Japan:- Mr. V.B. Rupani; Common Director

7) Key Management Personnel:- Mr. S. C. Oberoi, Director

8) RST Technologies Pvt. Ltd.:-Mr. S. C. Oberoi, Common Director

9) RST Technology Holdings Pte. Ltd:-Mr. Ranjit Singh, Common Director

10) Ranjit Singh:-Director of RST Technologies Pvt. Ltd./RST Technology Holdings Pte. Ltd.

NOTE - 2

The Previous year''s figures have been reworked, rearranged, regrouped and reclaimed wherever necessary

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Mar 31, 2013

NOTE-1 RELATED PARTY TRANSACTIONS DURING THE YEAR AS PER ACCOUNTING STANDARD18:

(a) NamesofRelated Parties&DescriptionofRelationship

1) Holding Company:Agiv (India)Pvt. Ltd.

2) Subsidiary Company: Nil

3) Paros Corp:Proprietary ConcernofMr.S.C.Oberoi, Director

4) Mrs. Uma Oberoi: Wifeof Mr.S.C.Oberoi,Director

5) Datapoint Impex Pvt. Ltd.: Mr.S.C.Oberoi, Common Director

6) Apamex Ltd. Japan: Mr. V.B. Rupani; Common Director

7) Key Management Personnel: Mr.S.C.Oberoi,Director

8) RSTTechnologies Pvt. Ltd.: Mr.S.C.Oberoi, Common Director

9) RSTTechnology Holdings Pte. Ltd: Mr. Ranjit Singh, Common Director

10) Ranjit Singh: DirectorofRSTTechnologies Pvt. Ltd./RSTTechnology Holdings Pte. Ltd.

NOTE - 2

The Previous yeas figures have been reworked, rearranged, regrouped and reclaimed wherever necessary

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Mar 31, 2012

NOTE - 1 SUNDRY DEBTORS

Sundry Debtors and Loan and Advances have value on realisation in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet. The Balance of Sundry Debtors, Loans and Advances and other liabilities are subject to confirmation.

NOTE - 2 GRATUITY

The company is not liable to pay Gratuity

Note - 3 Related party transactions during the year as per Accounting Standard 18:

(a) Names of Related Parties & Description of Relationship

1) Holding Company:- Agiv (India) Pvt. Ltd.

2) Subsidiary Company:- Nil

3) Paros Corp:- Proprietary Concern of Mr. S. C. Oberoi, Director

4) Mrs. Uma Oberoi:- Wife of Mr. S. C. Oberoi, Director

5) Datapoint Impex Pvt. Ltd.:- Mr. S.C. Oberoi, Common Director

6) Apamex Ltd. Japan:- Mr. V.B. Rupani; Common Director

7) Key Management Personnel:- Mr. S. C. Oberoi, Director

8) RST Technologies Pvt. Ltd.:- Mr. S. C. Oberoi, Common Director

9) RST Technology Holdings Pte. Ltd:- Mr. Ranjit Singh, Common Director

10) Ranjit Singh:- Director of RST Technologies Pvt. Ltd./RST Technology Holdings Pte. Ltd.

NOTE - 4

The Previous year's figures have been reworked, rearranged, regrouped and reclaimed wherever necessary.

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Mar 31, 2011

(a) In the opinion of the Board:

Sundry Debtors and Loans and Advances have value on realisation in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet.

(b) The balance of Sundry Debtors, Loans and Advances and other liabilities are subject to confirmation.

(c) The Company is not liable to pay any gratuity.

(f) (a) Expenditure in foreign currency on account of purchase of traded goods: Rs. 6,72,402/-. (Previous year Rs.10,59,351/-)

(b) Expenditure in Foreign Currency on account of Travel Rs. 1,54,277 (Previous year-Rs. Nil)

(g) Earnings in Foreign Exchange: Rs. Nil (Previous year Rs. 8,90,801/-)

(h) As per the record and information available with the company, there are no dues to small scale undertakings.

(i) Related party transactions during the year as per Accounting Standard 18:

(a) Names of Related Parties & Description of Relationship

1) Holding Company:- Agiv (India) Pvt. Ltd.

2) Subsidiary Company:- Nil

3) Paros Corp:- Proprietary Concern of Mr. S. C. Oberoi, Director

4) Mrs. Uma Oberoi:- Wife of Mr. S. C. Oberoi, Director

5) Datapoint Impex Pvt. Ltd.:- Mr. S.C. Oberoi, Common Director

6) Apamex Ltd. Japan:- Mr. V.B. Rupani; Common Director

7) Key Management Personnel:- Mr. S. C. Oberoi, Director

8) RST Technologies Pvt. Ltd.:- Mr. S. C. Oberoi, Common Director

9) Ranjit Singh:-Director of RST Technologies Pvt. Ltd.

(j) The Previous year's figures have been reworked, rearranged, regrouped and reclaimed wherever necessary