Notes to Accounts of Mayur Floorings Ltd.

Mar 31, 2024

10. Provisions, Contingent Liabilities and Contingent Assets - (AS-29)

Provisions are recognized only when there is a present obligation as a result of past events and when a
reliable estimate of the amount of the obligation can be made.

Contingent Liabilities is disclosed in Notes to the account for:-

(i) Possible obligations which will be confirmed only by future events not wholly within the control of
the company or

(ii) Present Obligations arising from past events where it is not probable that an outflow of resources
will be required to settle the obligation or a reliable estimate of the amount of the obligation cannot be
made.

Contingent assets are not recognized in the financial statement since this may income that may result in
the recognition of the income that may never be realized.

11. General

Except wherever stated, accounting policies are consistent with the generally accepted accounting
principles and have been consistently applied.

(B) Notes on Financial Statements

1. The classification of creditors as micro and small enterprise has been given for the parties from whom
the confirmation has been received regarding their classification as per MSMED Act. The interest on
delayed payment to such parties, if any, has neither been determined nor has been paid as per verbal
mutual understanding with the such parties.

2. Salaries includes directors'' remuneration on account of salary Rs. 16,20,000/-

3. Trade receivables, Trade payables, Loans & Advances and Unsecured Loans have been taken at their
book value subject to confirmation and reconciliation.

5. Loans and Advances are considered good in respect of which company does not hold any security
other than the personal guarantee of persons.

6. No provision for retirement benefits has been made, in view of accounting policy No. 11. The impact
of the same on Profit & Loss is not determined.

7. Related Party disclosure as identified by the company and reiled upon by the auditors:

(A) Related Parties and their Relationship

(I) Key Management Personnel

1. Mahaveer Sundrawat

2. Mayur Sundrawat

(II) Relative of Key Management Personnel
1. Padma Sundrawat

8. Previous Year figures have been re-grouped/re-arranged wherever necessary.

Bansilal Shah & Co. For M/S Mayur Flooring Limited

Chartered Accountant Sd/- Sd/-

Sd/-

Dhruv Shah Mahaveer Sundrawat Mayur Sundrawat

(Partner) Director Director

DIN:01928303 DIN: 01837589

Membership No. 223609
Registration No - 00384W
Place - Udaipur
Date - 29.05.2024
UDIN: 24223609BKEZMG5130

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Mar 31, 2015

01. Contingent Liabilities:

As per information given to us by the management, there is no contingent liability of the Company as on date, except a sum of Rs 175000/- of penalty / fine / damages imposed by market regulator, SEBI, under violation of takeover code. Since, the same was challenged by Company, not acknowledged as a liability in the books, for the year ended as on date.

02. In the opinion of the Board and to the best of their knowledge and belief, the value of realizations of Current Assets, Loans and Advances, in the ordinary course of business would be not less than the amount at which they are stated in the Balance Sheet except considered doubtful and not provided for.

03. Balance of Sundry Debtors, Sundry Creditors, Loans and Advances and Advances to Capital Goods suppliers are subject to confirmation.

04. Previous years figures were regrouped / recasted / rearranged to confirm to current years classifications.

We have verified the above Cash Flow Statement of Ms. Mayur Floorings Limited derived from the Audited Financial Statements for the year ended as on 31.03.2014 and 31.03.2015 found the same to be drawn in accordance therewith & also with the requirements of Clause 32 of the Listing Agreement with Stock Exchanges.

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Mar 31, 2014

1. Contingent Liabilities:

As per information given to us by the management, there is no contingent liability of the Company as on date, except a sum cf Rs 175000/-of penalty/fine/damages imposed by market regulator, SEBI, under violation of takeover code. Since, the same was challenged by Company, not acknowledged as a liability in the books, for the year ended as on date.

02. In the opinion of the Board and to the best of their knowledge and belief, the value of realizations of Current Assets, Loans and Advances, in the ordinary course of business would be not less than the amount at which they are stated in the Balance Sheet except considered doubtful and not provided for.

03. None of the employee's was getting more remuneration as required under Sections 217(2A) of the Companies Act, 1956.

04. Preliminary expenses are written off in equal installments over the period of ten years.

05. No provision for Income Tax & MAT has been made due to previous periods carry forward losses.

06. Balance of Sundry Debtors, Sundry Creditors, Loans and Advances and Advances to Capital Goods suppliers are subject to confirmation.

07. Previous years figures were regrouped / recasted / rearranged to confirm to current years classifications.

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Mar 31, 2013

01. Contingent Liabilities :

As per information given to us by the management, there is no contingent liability of the Company as on date, except a sum of Rs 175000/- of penalty / fine / damages imposed by market regulator, SEBI, under violation of takeover code. Since, the same was challenged by Company, not acknowledged as a liability in the books, for the year ended as on date.

02. In the opinion of the Board and to the best of their knowledge and belief, the value of realizations of Current Assets, Loans and Advances, in the ordinary course of business would be not less than the amount at which they are stated in the Balance Sheet except considered doubtful and not provided for.

03. None of the employee''s was getting more remuneration as required under Sections 217(2A) of the Companies Act, 1956.

04. Preliminary expenses are written off in equal installments over the period of ten years.

05. No provision for Income Tax & MAT has been made due to previous periods carry forward losses.

06. Balance of Sundry Debtors, Sundry Creditors, Loans and Advances and Advances to Capital Goods suppliers are subject to confirmation.

07. Previous years figures were regrouped / recasted / rearranged to confirm to current years classifications.

08. There are no expenditures in foreign currency, during the year under considerations.

09. There are no earnings in foreign currency during the year under considerations.

10. Additional information under Part IV of Schedule VI of Companies Act, 1956.

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Mar 31, 2012

01. Contingent Liabilities: As per information given to us by the management, there is no contingent liability of the Company as on date, except a sum of Rs 175000/- of penalty / fine / damages imposed by market regulator, SEBI, under violation of takeover code. Since, the same was challenged by Company, not acknowledged as a liability in the books, for the year ended as on date.

02. In the opinion of the Board and to the best of their knowledge and belief, the value of realizations of Current Assets, Loans and Advances, in the ordinary course of business would be not less than the amount at which they are stated in the Balance Sheet except considered doubtful and not provided for.

03. None of the employee's was getting more remuneration as required under Sections 217(2A) of the Companies Act, 1956.

04. Preliminary expenses are written off in equal installments over the period of ten years.

05. No provision for Income Tax & MAT has been made due to previous periods carry forward losses.

06. Balance of Sundry Debtors, Sundry Creditors, Loans and Advances and Advances to Capital Goods suppliers are subject to confirmation.

07. Previous years figures were regrouped / recasted / rearranged to confirm to current years classifications.

08. There are no expenditures in foreign currency, during the year under considerations.

09. There are no earnings in foreign currency during the year under considerations.

10. Additional information under Part IV of Schedule VI of Companies Act, 1956.

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Mar 31, 2011

01. Contingent Liabilities:

As per information given to us by the management, there is no contingent liability of the Company as on date, except a sum of Rs 175000/- of penalty / fine / damages imposed by market regulator, SEBI, under violation of takeover code. Since, the same was challenged by Company, not acknowledged as a liability in the books, for the year ended as on date.

02. In the opinion of the Board and to the best of their knowledge and belief, the value of realizations of Current Assets, Loans and Advances, in the ordinary course of business would be not less than the amount at which they are stated in the Balance Sheet except considered doubtful and not provided for.

03. None of the employee's was getting more remuneration as required under Sections 217(2A) of the Companies Act, 1956.

04. Preliminary expenses are written off in equal installments over the period of ten years.

05. No provision for Income Tax & MAT has been made due to previous periods carry forward losses.

06. Balance of Sundry Debtors, Sundry Creditors, Loans and Advances and Advances to Capital Goods suppliers are subject to confirmation.

07. Previous years figures were regrouped / recasted / rearranged to confirm to current years classifications.

08. There are no expenditures in foreign currency, during the year under considerations.

09. There are no earnings in foreign currency during the year under considerations.

10. Additional information under Part IV of Schedule VI of Companies Act, 1956.