Notes to Accounts of Integrated Proteins Ltd.

Mar 31, 2024

22. The previous year''s figures have been reworked, regrouped, and reclassified wherever necessary. Amounts and other disclosures for the preceding year are included as an integral part of the current annual financial statements and are to be read in relation to the amounts and other disclosures relating to the current financial year.

23. The Company has not revalued its Property, Plant and Equipment for the current year.

24. There has been no Capital work in progress for the current year of the company.

25. There is no Intangible assets under development in the current year.

26. Credit and Debit balances of unsecured loans, sundry creditors, sundry Debtors, loans and Advances are subject to confirmation and therefore the effect of the same on profit could not be ascertained.

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

28. The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

29. No proceeding has been initiated or pending against the Company for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988, as amended, and rules made thereunder.

30. The company has not been declared as willful defaulter by any bank or financial institution or government or government authority.

31. The Company has not advanced or loaned to or invested in funds to any other person(s)

or entity (is), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

a. directly or indirectly lend to or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

b. Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

32. The Company has not received any fund from any person(s) or entity(is), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

a. directly or indirectly lend to or invest in other persons or entities identified inany manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

b. provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

33. The company does not have transaction with the struck off under section 248 of companies act, 2013 or section 560 of Companies act 1956.

34. The company is in compliance with the number of layers prescribed under clause (87) of section 2 of company''s act read with companies (restriction on number of layers) Rules, 2017.

35. Foreign Currency Transactions: -

Expenditure in Foreign Currency: - Nil Earnings in Foreign Currency: - Nil

36. Related Parties Disclosure: -

The Disclosures of Transaction with the related parties as defined in the related parties as defined in the Accounting Standard are given below:

As per Ind-AS 24, issued by the Institute of Chartered Accountants of India, The Disclosures of Transaction with the related parties as defined in the related parties as defined in the Accounting Standard are given below:

39. Notes forming part of accounts in relation to Micro and small enterprise

1. Based on information available with the company, on the status of the suppliers being Microor small enterprises, on which the auditors have relied, the disclosure requirements of Schedule III to the Companies Act,2013 with regard to the payments made/due to Micro and small Enterprises are given below:

The company has initiated the process of obtaining the confirmation from suppliers who have registered themselves under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006) but has not received the same in totality. The above information is compiled based on the extent of responses received by the company from its suppliers.

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Mar 31, 2014

1) Amount unpaid and interest on delayed payment, if any, due at the end of the year to Small Scale/Ancillary Industrial Supplier under the ''INTEREST ON DELAYED PAYMENTS TO SMALL SCALE AND ANCILLARY INDUSTRIAL UNDERTAKINGS ACT, 1993, is unascertained in the absence of Status of the suppliers.

2) Payments to Vendors in S.S.I. Sectors

There are generally made in accordance with agreed terms. The amount, if any, overdue as on 31st March 2014 has not been ascertained.

3) The Company is having freehold land in its ownership at Village Dhichada, Tal.: Jamnagar, District - Jamnagar. The ownership of some plots of land are disputed by some persons claimed to be legal heirs of seller of such Plots, The matter is pending before the Civil Court, Jamnagar. As the matter is pending before the judicial authority hence, is contingent in nature and effect thereof to the company is also not quantifiable.

4) The company has activated D''mat account of shares of the company with CDSL and NSDL. The shareholders can now convert their physical shares to their D'' mat account.

5) In the immediate preceeding year; the company had granted unsecured loan for a sum of Rs. 90,00,000/- to M/s F. C. Pharmaceuticals Pvt. Ltd. The outstanding balance as on the date of Balance Sheet is Rs. 92,99,589/-

6) Provision for Auditor''s fees is recorded on the basis of last year.

7) Previous year''s figures are regrouped where ever necessary.

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Mar 31, 2013

(a) Provision for Auditor''s fees is recorded on the basis of last year.

(b) Previous year''s figures are regrouped where ever necessary.

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Mar 31, 2010

There is time difference between returned income and income as per profit and loss account except permanent difference statutorily decided and other related allowances and exemptions. As explained and certified by the directors looking in to the huge carried forward losses in the income tax as well as company law schedule VI there is no possibilities for adjusting the same in near future. In these circumstances it is not provided in the books of account.

(a) CONFIRMATION: No confirmation has been obtained from the debtors, creditors, ad- vances and deposits. Accordingly Balance Sheet in these accounts has been consid- ered on the basis of books. The basis of the advances to the concern is treated as certified and confirmed by the directors in this regards.

(b) PROVISIONS: 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 has been made. Provisions are not discounted to its present value and are determined based on best estimate required. These are reviewed at each balance sheet date and adjusted to reflect the current best estimated.

(c) Amount unpaid and interest on delayed payments, if any, due at the end of the year to Small Scale /Ancillary Industrial Supplier under the INTEREST ON DELAYED PAY- MENTS TO SMALL SCALE AND ANCILLARY INDUSTRIAL UNDERTAKINGS ACT. 1993, is unascertained in the absence of Status of the supplier.

(d) PAYMENTS TO VENDORS IN S.S.I. SECTORS: These are generally made in accor- dance with agreed terms. The amount, if any, overdue as on 31st March 2009 has not been ascertained.

(e) Provision for Auditors fees is recorded on the basis of last year.

(f) Previous years figures are regrouped where ever necessary.

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Mar 31, 2009

(a) Provision for Auditors fees is recorded on the basis of last year.

(b) Previous years figures are regrouped where ever necessary.