Notes to Accounts of MSR India Ltd.

Mar 31, 2024

1.23	Contingent Liabilities not provided for and commitments: (in Rupees)
	Nature of Contingent Liability	March 31, 2024	March 31, 2023
	i. Unexpired guarantees issued on behalf of the company by Banks for which the Company has provided counter guarantee	NIL	NIL
	ii. Bills discounted with banks which have not matured	Nil	Nil
	iii. Corporate Guarantees issued by Company on behalf of others to Commercial Banks & Financial Institutions	Nil	Nil
	iv. Collateral Securities offered to Banks for the limit Sanctioned to others	Nil	Nil
	v. Legal Undertakings given to Customs Authorities for clearing the imports	Nil	Nil
	vi. Claims against the company not acknowledged as debts
	a. Excise	NIL	NIL
	b. Sales Tax	NIL	NIL
	c. Service Tax	Nil	Nil
	d. Income Tax	NIL	NIL
	e. Civil Proceedings	NIL	NIL
	f. Company Law Matters	Unascertainable	Unascertainable
	g. Criminal Proceedings	Unascertainable	Unascertainable
	h. Others	Nil	Nil
	vii. Estimated amounts of contracts remaining to be executed on Capital Account and not provided for	Nil	Nil

1.24 Operating Segments (Ind AS 108)

Operating segment is a component of an entity:

a. That engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same entity).

b. Whose operating results are regularly reviewed by the entity’s chief operating decision maker to make decision about resources to be allocated to the segments and assess its performance, and

c. For which discrete financial information is available.

The Company is engaged in Manufacturing and selling of FMCG Products, Copper water

Bottles and other Copper Products. As there are separate reportable segments, Segment

Reporting as per Ind AS -108, “Operating Segments” is Prepared.

1.25 Events After the Reporting Period (Ind AS 10)

Events after the reporting period are those events, favorable and unfavorable, that occur between the end of the reporting and the date when the financial statements are approved by the Board of Directors in case of a company, and, by the corresponding approving authority in case of any other entity for issue. Two types of events can be identified:

a. Those that provide evidence of conditions that existed at the end of reporting period (adjusting events after the reporting period);

b. Those that are indicative of conditions that arose after the reporting period (

non-adjusting events after the reporting period).

An entity shall adjust the amounts recognized in its financial statements to reflect adjusting events after the reporting period.

As per the information provided and Books of Accounts no such events are identified during the reporting period. Hence Ind AS 10 Events After the Reporting Period is not applicable.

1.26 Construction Contracts (Ind AS 11)

Construction contract is a contract specifically negotiated for the construction of an asset or a combination of assets that are closely interrelated or interdependent in terms of their design, technology, and function or their ultimate purpose or use.

The company is engaged manufacture of FMCG Products, Copper Water Bottles, and other Copper Products, hence Ind AS 11 “Construction Contract” is not applicable.

1.27 Income Taxes (Ind AS 12)

The Tax Expense for the period comprises of current and deferred tax.

• Current Tax:

Current Tax Assets and Liabilities are measured at the amount expected to be recovered from or paid to the Income tax authorities, based on tax rates and laws that are enacted at the Balance Sheet date.

• Deferred Tax:

Deferred tax liabilities are recognized for all timing differences. Deferred tax assets are recognized for deductible timing differences only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized. In situations where the Company has unabsorbed depreciation or carry forward tax losses, all deferred tax assets are recognized only if there is virtual certainty supported by convincing evidence that they can be realized against future taxable profits.

At each reporting date, the Company reassesses unrecognized deferred tax assets. It recognizes unrecognized deferred tax assets to the extent that it has become reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which such deferred tax assets can be realized.

The carrying amount of deferred tax assets are reviewed at each reporting date. The Company writes-down the carrying amount of deferred tax asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which deferred tax asset can be realized. Any such write-down is reversed to the extent that it becomes reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available.

1.28 Exceptional Items:

Exceptional Items as disclosed in the Statement of Profit and Loss Account for 12 months ended 31 March 2024 comprise of the following, in aggregate:

i. During the year, the company has disposed majority of the assets except a small piece of land.

ii. There is a significant change in the segment revenues of the company.

c. Terms / rights attached to equity Shares

The company has one class of equity shares having a par value of Rs.5 per share. Each shareholder is eligible for one vote per share held. The Company declares and pays dividend in Indian rupees. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company after distribution of all preferential amounts, in proportion to their shareholdings.

31. Consolidated and Separate Financial Statement (Ind AS 27):

The company has no subsidiary companies for the current reporting period. Hence consolidate and separate financial statement are not applicable.

32. Investments in Associates (Ind AS 28):

The company has not made any investments in any of its associates during the reporting period. This accounting standard has no financial impact on the financial statements for the current reporting period.

33. Interest in Joint Ventures (Ind AS 31)

The company has no interest in any Joint ventures. This accounting standard has no financial impact on the financial statements for the current reporting period.

34. Earnings Per Share (Ind AS 33):

a) Basic Earnings Per Share for (continued operations) there are no discontinued operations hence, EPS is presented for continued operations only.

35. Derivative instruments and un-hedged foreign currency exposure:

a) There are no outstanding derivative contracts as at March 31, 2024 and March 31, 2023.

b) Particulars of Un-hedged foreign currency exposure is: Nil

Working capital Loans:

The Company has availed CC from Bank of Baroda and Canara Bank against Hypothecation of Stock in Trade and Book Debts.

37. Confirmation of Balances:

Confirmation letters have been issued by the company to Trade Receivables, Trade Payables, Advances to suppliers and others advances requesting that the confirming party responds to the company only if the confirming party disagrees with the balances provided in the request and however the company has not received any letters on disagreements.

42. Details of Loans given, Investments made and Guarantee given covered Under Section 186(4) of the Companies Act, 2013.

The company has not extended any Corporate Guarantees in respect of loans availed by any company/firm as at March 31, 2024

43. Auditors’ Remuneration:

The information has been given in respect of such vendors to the extent they could be identified as micro and small enterprises on the basis of information available with company.

As per the information provided / submitted by the Company, there are no dues to Micro, Small and Medium Enterprises covered under (‘MSMED’ Act, 2006).

46. Financial Risk Management

In course of its business, the company is exposed to certain financial risk such as market risk (Including currency risk and other price risks), credit risk and liquidity risk that could have significant influence on the company’s business and operational/financial performance. The Board of directors reviews and approves risk management framework and policies for managing these risks and monitor suitable mitigating actions taken by the management to minimize potential adverse effects and achieve greater predictability to earnings.

47. Credit Risk

Credit risk refers to the risk that the counterparty will default on its contractual obligations resulting in financial loss to the company. The company has adopted a policy of only dealing with creditworthy counterparties and obtaining sufficient collateral, where appropriate, as a means of mitigating the risk of financial loss from defaults.

The company makes an allowance for doubtful debts/advances using the expected credit loss model.

48. Liquidity risk

Liquidity risk refers to the risk that the company cannot meet its financial obligations. The objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as pre requirements. The Company’s exposure to liquidity risk is minimal as the promoters of the company is infusing the funds based on the requirements.

49. Amounts have been rounded off to nearest Rupee.

50. Note No. 1 to 49 forms part of the financial statements of the company.

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Mar 31, 2023

1.20 Provisions, Contingent Liabilities and Contingent Assets (Ind AS 37):

Provisions are recognised in the balance sheet when the company has a present obligation (legal or constructive) as a result of a past event, which is expected to result in an outflow of resources embodying economic benefits which can be reliably estimated. Each provision is based on the best estimate of the expenditure required to settle the present obligation at the balance sheet. Where the time value of money is material, provisions are made on a discounted basis.

Disclosure for Contingent liabilities is made when there is a possible obligation or present obligation arising from past events, the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the

control of the company or a present obligation that arises from the past events where it is either not probable that an outflow of resources embodying in economic benefits will be required to settle or a reliable estimate of amount cannot be made.

Disclosure for Contingent assets are made when there is possible asset that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity. However Contingent assets are neither recognized nor disclosed in the financial statements.

1.21 Prior Period and Extraordinary and Exceptional Items:

(i) All Identifiable items of Income and Expenditure pertaining to prior period are accounted through ‘’Prior Period Items’’.

(ii) Extraordinary items are income or expenses that arise from events or transactions that are clearly distinct from the ordinary activities of the enterprise and, therefore, are not expected to recur frequently or regularly. The nature and the amount of each extraordinary item be separately disclosed in the statement of profit and loss in a manner that its impact on current profit or loss can be perceived.

(iii) Exceptional items are generally non-recurring items of income and expenses within profit or loss from ordinary activities, which are of such, nature or incidence.

1.22 Financial Instruments (Ind AS 107 Financial Instruments: (Disclosures)

I. Financial assets:

A. Initial recognition and measurement

All financial assets and liabilities are initially recognized at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, which are not at fair value through profit or loss, are adjusted to the fair value on initial recognition.

B. Subsequent Measurement

a) Financial assets measured at amortized cost (AC)

A financial asset is measured at amortized cost if it is held within a business model whose objective is to hold the asset in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

b) Financial assets at fair value through other comprehensive income (FVTOCI)

A financial asset is measured at FVTOCI if it is held within a business model whose Objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

c) Financial assets measured at fair value through profit or loss (FVTPL)

A Financial asset which is not classified in any of above categories are measured at FVTPL e.g. investments in mutual funds. Financial assets are reclassified subsequent to their recognition, if the Company changes its business model for managing those financial assets. Changes in business model are made and applied prospectively from the reclassification date which is the first day of immediately next reporting period following the changes in business model in accordance with principles laid down under Ind AS 109 -Financial Instruments.

II. Financial Liabilities

A. Initial recognition

All financial liabilities are recognized at fair value and in case of borrowings, net of directly attributable cost. Fees of recurring nature are directly recognized in the Statement of Profit and Loss as finance cost.

B. Subsequent measurement

Financial liabilities are carried at amortized cost using the effective interest method. For trade and other payables maturing within one year from the balance sheet date, the carrying amounts approximate fair value due to the short maturity of these instruments

Operating segment is a component of an entity:

a. That engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same entity).

b. Whose operating results are regularly reviewed by the entity’s chief operating decision maker to make decision about resources to be allocated to the segments and assess its performance, and

c. For which discrete financial information is available.

The Company is engaged in Manufacturing and selling of FMCG Products, Copper water

Bottles and other Copper Products. As there are separate reportable segments, Segment

Reporting as per Ind AS -108, “Operating Segments” is Prepared.

1.26 Events After the Reporting Period (Ind AS 10)

Events after the reporting period are those events, favorable and unfavourable, that occur between the end of the reporting and the date when the financial statements are approved by the Board of Directors in case of a company, and, by the corresponding approving authority in case of any other entity for issue. Two types of events can be identified:

a. Those that provide evidence of conditions that existed at the end of reporting period (adjusting events after the reporting period);

b. Those that are indicative of conditions that arose after the reporting period ( nonadjusting events after the reporting period).

An entity shall adjust the amounts recognized in its financial statements to reflect adjusting events after the reporting period.

As per the information provided and Books of Accounts no such events are identified during the reporting period. Hence Ind AS 10 Events After the Reporting Period is not applicable.

1.27 Construction Contracts (Ind AS 11)

Construction contract is a contract specifically negotiated for the construction of an asset or a combination of assets that are closely interrelated or interdependent in terms of their design, technology, and function or their ultimate purpose or use.

The company is engaged manufacture of FMCG Products, Copper Water Bottles, and other Copper Products, hence Ind AS 11 “Construction Contract” is not applicable.

1.28 Income Taxes (Ind AS 12)

The Tax Expense for the period comprises of current and deferred tax.

• Current Tax:

Current Tax Assets and Liabilities are measured at the amount expected to be recovered from or paid to the Income tax authorities, based on tax rates and laws that are enacted at the Balance Sheet date.

• Deferred Tax:

Deferred tax liabilities are recognized for all timing differences. Deferred tax assets are recognized for deductible timing differences only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized. In situations where the Company has unabsorbed depreciation or carry forward tax losses, all deferred tax assets are recognized only if there is virtual certainty supported by convincing evidence that they can be realized against future taxable profits.

At each reporting date, the Company re-assesses unrecognized deferred tax assets. It recognizes unrecognized deferred tax asset to the extent that it has become reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which such deferred tax assets can be realized.

The carrying amount of deferred tax assets are reviewed at each reporting date. The Company writes-down the carrying amount of deferred tax asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which deferred tax asset can be realized. Any such write-down is reversed to the extent that it becomes reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available.

1.29 Amendment to Ind AS 116: COVID -19 Related Rent Concessions:

The amendments provide relief to lessees from applying Ind AS 116 guidance on lease modification accounting for rent concessions arising as a direct consequence of Covid-19 pandemic. As a practical expedient, a lessee may elect not to access whether a Covid-19 related rent concession from a lessor is lease modification. A lessee that makes this election accounts for any change in lease payments resulting from COVID-19 related rent concession the same way it would account for the changes under Ind AS 116, if changes were not lease modifications. This Amendment had no impact on the standalone financial statements of the Company.

1.30 Amendment to Ind AS 1 and Ind AS 8: Definition of material:

The Amendments provide a new definition of material that states “information is material if omitting, misstating or obscuring it is reasonably be expected to influence decisions that the primary uses of general purpose financial statements make on the basis of those financial statements, which provide financial information about specific reporting entity”. The amendments clarify that materiality will depend on the nature of magnitude of information, either individually or in combination with other information, in the context of the financial year statements. A misstatement of information is material if it could reasonably be expected to influence decisions made by the primary users. These amendments had no impact on standalone financial statements of the company.

1.31 Amendment to Ind AS 107 and Ind AS 109: Interest Rate Benchmark Reform:

The amendments to Ind AS 109 Financial Instruments: Recognition and Measurements provide number of reliefs, which apply to all hedging relationships that are directly affected interest rate benchmark reform. A hedging relationship is affected if the reform gives raise to uncertainty about the timing and/or amount of bench mark -based cash flow of hedging items or hedging instrument. These amendments have no impact on the standalone financial statements of the company as it does not have any interest rate hedge relation.

The amendment to Ind AS 107 prescribe the disclosure which entities are required to make for hedging relationship to which the reliefs as per the amendments in Ind AS 109 are apply. This amendment had no impact on the standalone financial statement of the company.

30. Consolidated and Separate Financial Statement (Ind AS 27):

The company has no subsidiary companies for the current reporting period. Hence consolidate and separate financial statement are not applicable.

31. Investments in Associates (Ind AS 28):

The company has not made any investments in any of its associates during the reporting period. This accounting standard has no financial impact on the financial statements for the current reporting period.

32. Interest in Joint Ventures (Ind AS 31)

The company has no interest in any Joint ventures. This accounting standard has no financial impact on the financial statements for the current reporting period.

33. Earnings Per Share (Ind AS 33):

36. Confirmation of Balances:

Confirmation letters have been issued by the company to Trade Receivables, Trade Payables, Advances to suppliers and others advances requesting that the confirming party responds to the company only if the confirming party disagrees with the balances provided in the request and however the company has not received any letters on disagreements.

45. Financial Risk Management

In course of its business, the company is exposed to certain financial risk such as market risk (Including currency risk and other price risks), credit risk and liquidity risk that could have significant influence on the company’s business and operational/financial performance. The Board of directors reviews and approves risk management framework and policies for managing these risks and monitor suitable mitigating actions taken by the management to minimize potential adverse effects and achieve greater predictability to earnings.

46. Credit Risk

Credit risk refers to the risk that counterparty will default on its contractual obligations resulting in financial loss to the company. The company has adopted a policy of only dealing with creditworthy counterparties and obtaining sufficient collateral, where appropriate, a means of mitigating the risk of financial loss from defaults.

The company makes an allowance for doubtful debts/advances using expected credit loss model.

47. Liquidity risk

Liquidity risk refers to the risk that the company cannot meet its financial obligations. The objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as pre requirements. The Company’s exposure to liquidity risk is minimal as the promoters of the company is infusing the funds based on the requirements.

48. Amounts have been rounded off to nearest Rupee.

49. Note No. 1 to 48 forms part of Financial statements of the company.

As per our report of even date For and on behalf of the Board of

For M M REDDY & CO., MSR INDIA LIMITED

Chartered Accountants Firm Reg. No. 010371S

M. Madhusudhana Reddy Durgaadideva Varaprasad Vinod Kumar

Partner Whole-time Director & CFO Whole-time

Membership No. 213077 DIN:09039943 Director

UDIN: 23213077BGTRJA9218 DIN :08694139

Rohit Jain

Place: Hyderabad Company Secretary

Date: 29-05-2023.

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Mar 31, 2018

Note 1 :

The Company operates in one segment only. Hence the requirement of giving segmental information as per the accounting standards AS-17 Segmental Reporting is not applicable

Note 2:

The Management is of the opinion that as on the Balance Sheet date, there are no indications of a material impairment loss on Fixed Assets, hence the need to provide for impairment loss as per AS-28 "Impairment of Assets" does not arise.

Note 3:

Consumption of Materials, Spares Parts and Companies

Note 4

Purchases, Sales and Inventory details for trading activity

(Since item wise details were not maintained for the previous year the required details could not be provided)

* Details of Purchases, Sales and Inventory of individual items are not available

Note 5:

Imports CIF Basis : Nil

Note 6:

Earnings and Expenditure in Foreign Exchange : Nil

Note 7:

Previous year''s figures have been regrouped wherever necessary to confirm to the current years classification.

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Mar 31, 2015

Note.1

Related party disclosures

List of Related Parties:

i) Key Management Personnel : Mr. K.V. Rajasekhar Reddy, Chairman & MD.

ii) Relative of Key Management Personnel.

iii) Enterprises over which Key

Management personnel Exercise significant influence. :

Note 2

The Company operates in one segment only. Hence the requirement of giving segmental information as per the accounting standards AS - 17 'Segmental Reporting' is not applicable.

Note 3

The Management is of the opinion that as on the Balance Sheet date, there are no indications of a material impairment loss on Fixed Assets, hence the need to provide for impairment loss as per AS-28 "Impairment of Assets" does not arise.

Note 4

Purchases, Sales and Inventory details for trading activity.

(Since item wise details were not maintained for the previous year the required details could not be provided.)

Note 5

Imports on CIF Basis - Nil

Note 6

Earnings & Expenditure in Foreign exchange- NIL

Note.7

Previous year's figures have been regrouped wherever necessary to confirm to the current year's classification.

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Mar 31, 2014

Note - 1 - A - Terms / Rights attached to Equity Shares:

The Company has only one class of Equity Shares having a Par Value of Rs. 10 /- per share. Each holder of Equity Shares is entitled to one vote per share.

In the event of liquidation of the Company the holder of Equity Share will be entitled to receive remaining Assets of the Company in Proportion to number of Equity Shares held.

Note 2

The Company operates in one segment orJy. Hence the requirement of giving segmental information as per the accounting standards AS-17 ''Segmental Reporting'' is not applicable.

Note 3

The Management is of the opinion that as on the Balance Sheet date, there are no indications of a material impairment loss on Fixed Assets, hence the need to provide for impairment loss as per AS-28 "Impairment Of Assets" does notarise.

Note 4

Consumption of Materials, Spare parts and Components.

Note 5

Imports on CIF Basis - Nil

Note 6

Earnings & Expenditure in Foreign exchange- NIL

Note 7

Previous year''s figures have been regrouped wherever necessary to confirm to the current year''s classification.

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Mar 31, 2013

Note 1

The Company operates in one segment only. Hence the requirement of giving segmental information as per the accounting standards AS - 17 ''Segmental Reporting'' is not applicable.

Note 2

Imports on C1F Basis - Nil

Note 3

Earnings & Expenditure in Foreign exchange- NIL

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Mar 31, 2012

(aa) AS - 1 Impairment of assets

The company doesn't have any impaired assets.

(bb) AS - 2 Provisions, contingent liabilities and contingent assets

The company doesn't have any contingent liabilities as per AS-29.

(cc) AS 3 - Financial instruments: Recognition and Measurement

The Company has chosen not to adopt the Accounting Standard 30 "Financial Instruments: Recognition and Measurement".

B. Other Notes and Additional Disclosures:

a. Capital Commitments:

Estimated amount of Contracts to be executed on Capital not provided for (Net of Advances) - NIL

b. Trade Payables doesn't include any due to parties covered under Micro, Small and Medium Enterprises Development Act, 2006 as at March 31, 2012

c. Auditors Remuneration:

a. Previous year's figures have been regrouped wherever necessary to conform to the current year's classification.

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Mar 31, 2011

1. Previous year figures are regrouped or reclassified wherever necessary.

2. Directors' Remuneration: Rs.3,00,000/-

3. Auditors remuneration:

- Statutory audit fee: Rs.50,000/- (Previous year:Rs.10,000/-)

4. The Company during the financial year has ventured in Granites Mining activities around Hyderabad and also plans to venture in to mining business across Andhra Pradesh.

5. Deferred tax liability is not recognized for the tax effect at present tax rates on the difference between taxable income and accounting income, which is not permanent in nature in view of uncertainty in future, operations.

6. Related Party Information

Relationship: Shareholder Mr.M.Srinivasa Reddy, having substantial shareholding in the company is also a shareholder with substantial shareholding in M/s. Farmax India Limited

7. Capital Commitments:

Estimated amount of contracts to be executed on capital not provided for (net of advances) - NIL

8. Contingent Assets and Liabilities: There is no Contingent Asset or Liability for or against the Company not acknowledge as debt during the period.

9. Particulars of employees in accordance with Section 217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules 1975 are nil.

10. There are no outstanding over dues to small-scale industrial undertakings and/or ancillary industrial suppliers on account of principal and /or interest at the close of the financial year. This disclosure is based on the documents/information available with the company.

11. Balance Sheet abstract and Company's general business profile are attached separately.

12. All figures have been rounded off to the nearest rupee.

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Mar 31, 2010

1. Previous year figures are regrouped or reclassified wherever necessary.

2. Authorized Capital of the Company is enhanced to Rs.30.00 Crores from the existing Rs.3.00 crores vide resolution passed in the Extra-ordinary General Meeting held on in the month of Feb.2010. However relevant documents have not been filed with Registrar of Companies and fee not been paid.

3. Directors Remuneration

NIL

4. Auditors remuneration:

- Statutory audit fee: Rs. 10,000 (Previous year: Rs.5, 000/-)

5. There is a change in the Management and the Company diversified its activities into infrastructure since February 2010. The production and sale of such activities cannot be expressed in any generic unit. Hence it is not possible to furnish the quantitative details and the information as required under Paragraphs 3, 4C and 4D of part II of Schedule VI to the Companies Act, 1956.

6. Deferred tax liability is not recognized for the tax effect at present tax rates on the difference between taxable income and accounting income, which is not permanent in nature in view of uncertainty in future, operations.

7. Capital Commitments:

Estimated amount of contracts to be executed that are not provided for (net of advances) - NIL

8. Contingent Assets and Liabilities: There is no Contingent Asset or Liability for or against the Company nor acknowledged as debt during the period.

9. Particulars of employees in accordance with Section 217 (2A) of the Companies Act, 1956 read with Companies (Particulars of Employees) Rules 1975 are nil.

10. There are no outstanding over dues to small-scale industrial undertakings and/or ancillary industrial suppliers on account of principal and /or interest at the close of the financial year. This disclosure is based on the documents/information available with the company.

11. Balance Sheet abstract and Companys general business profile are attached separately.

12. All figures have been rounded off to the nearest rupee.

13. Foreign Currency Transactions:

The Company has no Foreign Currency Transactions during the period. Since, the Company has no Foreign Exchange Income or Expenditure, disclosures required under Schedule VI of the Companies Act, 1956 is not applicable.