Notes to Accounts of Natura Hue Chem Ltd.

Mar 31, 2024

4. PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

A provision is recognized when the Company has a present obligation as a result of past event and 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 in 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. Contingent liabilities are not recognized in the
financial statements. A contingent asset is neither recognized nor disclosed in the financial statements.

5. INVENTORIES:

Stock of raw material, stores, finished goods, spares are valued at cost or net realizable value, and whichever
is less. Net realizable value is calculated on the basis of average price of April i.e. to the year-end. The cost of
inventories of Raw Material is computed ton average cost basis. Finished goods stocks are valued at the cost
of raw material consumed and direct cost related to production excluding depreciation.

6. IMPAIRMENT OF ASSETS:

(i) Financial assets (other than a fair value)

The Company assesses at each date of balance sheet whether a financial asset or a group of
financial assets is impaired. Ind AS 109 requires expected credit losses to be measured through
a loss allowance. The company recognizes lifetime expected losses for all contract assets and /
or all trade receivables that do not constitute a financing transaction. For all other financial
assets, expected credit losses are measured at an amount equal to the 12 month expected credit
losses or at an amount equal to the life time expected credit losses if the credit risk on the
financial asset has increased significantly since initial recognition.

(ii) Non-Financial assets:

Property, plant and equipment and intangible assets

Property, plant and equipment and intangible assets with finite life are evaluated for
recoverability whenever there is any indication that their carrying amounts may not be
recoverable. If the recoverable amount of an asset is estimated to be less than its carrying
amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment
loss is recognized in the statement of profit and loss.

7. OPERATING CYCLE:-

Based on the nature of activities of the Company and the normal time between acquisition of assets and
their realization in cash and 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.

8. TAXES ON INCOME: -

Income tax expense comprises current tax expense and the net change in the deferred tax asset or liability
during the year. Current and deferred tax are recognized in statement of profit and loss, except when they
relate to items that are recognized in other comprehensive income or directly in equity, in which case, the
current and deferred tax are also recognized in other comprehensive income or directly in equity,
respectively.

9. FINANCIAL INSTRUMENTS

Financial assets and liabilities are recognized when the Company becomes a party to the contractual
provisions of the instrument. Financial assets and liabilities are initially measured at fair value. Transaction
costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other
than financial assets and financial liabilities at fair value through profit or loss) are added to or deducted
from the fair value measured on initial recognition of financial asset or financial liability.

Cash and cash equivalents

Cash comprises cash on hand and demand deposits with banks. Cash equivalents are short-term balances
(with an original maturity of three months or less from the date of acquisition), highly liquid investments
that are readily convertible into known amounts of cash and which are subject to insignificant risk of
changes in value.

Financial assets at amortized cost

Financial assets are subsequently measured at amortized cost if these financial assets are held within a
business whose objective is to hold these assets 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.

Financial assets at fair value through other comprehensive income

Financial assets are measured at fair value through other comprehensive income if these financial assets are
held within a business whose objective is achieved by both collecting contractual cash flows and selling
financial assets and the contractual terms of the financial asset gives rise on specified dates to cash flows
that are solely payments of principal and interest on the principal amount outstanding.

Financial assets at fair value through profit or loss

Financial assets are measured at fair value through profit or loss unless it is measured at amortized cost or
at fair value through other comprehensive income on initial recognition. The transaction costs directly
attributable to the acquisition of financial assets and liabilities at fair value through profit or loss are
immediately recognized in profit or loss.

Financial liabilities at fair value through profit or loss

Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as
at FVTPL if it is classified as held for trading, or it is a derivative or it is designated as such on initial
recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any
interest expense, are recognised in profit or loss. Other financial liabilities are subsequently measured at
amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses
are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss.

10. FOREIGN CURRENCY TRANSACTION:-

The functional currency of the Company is Indian Rupee.

Transactions in foreign currency are recorded in Rupees by applying the exchange rate prevailing on the
date of transaction. Transactions remaining unsettled are translated at the rate of exchange ruling at the end
of the year. Exchange gain or loss arising on settlement, translation is recognized in the profit & loss a/c.

11. EMPLOYEE BENEFITS:-

(a) Provident Fund is a defined contribution scheme and the contribution is charged to the Profit &
Loss A/c of the year when the contributions to the Government Funds is due.

(b) Gratuity Liability is defined benefit obligations and are provided for on the basis of following
formula:-

Last drawn Salary * 15/26 * No. of Completed year of Services

The above calculation is done only for those employees who have completed continuous five year of
services. However, the above calculation of Gratuity is not as per Actuary Valuation

(c) Short Term Compensated absences are provided for based on estimates. Long Term compensated
absences are provided for based on actuarial valuation.

(d) Actuarial gains / losses are immediate taken to the profit & loss account and are not deferred.

12. ACCOUNTING FOR TAXES ON INCOME:-

(a) Current tax is determined as the tax payable in respect of taxable income for the year and is
computed in accordance with relevant tax regulations.

(b) Deferred tax assets and liabilities are recognized for future tax consequences attributable to the
timing differences that result between taxable profit and the profit as per the financial statement.
Deferred tax assets & liabilities are measured using the tax rates and the tax laws enacted or
substantially enacted as on the Balance Sheet date. Deferred tax assets are recognized only to the
extent there is reasonable certainty for its realization.

(c) The taxable income of the company being lower than the book profits under the provision of the
income tax act 1961. The company is liable to pay Minimum Alternate tax (MAT) on its income.

(d) Considering the future profitability & taxable position in the subsequent years the company has
recognized MAT Credit as an asset by crediting the provision for income tax.

13. INTANGIBLE ASSETS:-

Intangible assets purchased are measured at cost as of the date of acquisition, as applicable, less
accumulated amortization and accumulated impairment, if any. Intangible assets are amortized on a
straight line basis over their estimated useful lives from the date that they are available for use. The
estimated useful lives of the intangible assets and the amortization period are reviewed at the end of each
financial year and the amortization period is revised to reflect the changed pattern, if any.

14. EARNINGS PER SHARE:-

Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of
extraordinary items, if any) by the weighted average number of equity shares outstanding during the period.
Diluted earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect
of extraordinary items, if any) as adjusted for dividend, interest and other charges to expense or income
relating to the dilutive potential equity shares, by the weighted average number of equity shares considered
for deriving basic earnings per share and the weighted average number of equity shares which could have
been issued on the conversion of all dilutive potential equity shares. Potential equity shares are deemed to
be dilutive only if their conversion to equity shares would decrease the net profit per share from continuing
ordinary operations. Potential dilutive equity shares are deemed to be converted as at the beginning of the
period, unless they have been issued at a later date. The dilutive potential equity shares are adjusted for the
proceeds receivable had the shares been actually issued at fair value (i.e. average market value of the
outstanding shares). Dilutive potential equity shares are determined independently for each period
presented. The number of equity shares and potentially dilutive equity shares are adjusted for share splits /
reverse share splits and bonus shares, as appropriate.

15. SEGMENT REPORTING:-

The Company identifies primary segments based on the dominant source, nature of risks and returns and
the internal organization and management reporting structure. The operating segments are the segments
for which separate financial information is available and for which operating profit/loss amounts are
evaluated regularly by the executive Management in deciding how to allocate resources and in assessing
performance. The accounting policies adopted for segment reporting are in line with the accounting policies
of the Company. Segment revenue, segment expenses, segment assets and segment liabilities have been
identified to segments on the basis of their relationship to the operating activities of the segment. Inter¬
segment revenue is accounted on the basis of transactions which are primarily determined based on market
/ fair value factors. Revenue, expenses, assets and liabilities which relate to the Company as a whole and are
not allocable to segments on reasonable basis have been included under “unallocated revenue / expenses /
assets / liabilities”.

As per our report of even date attached BY ORDER OF THE BOARD

FOR, AGRAWAL SHUKLA & CO. FOR NATURA HUE CHEM LIMITED

CHARTERED ACCOUNTANTS

FIRM REG. NO. 326151E Sd/- Sd/-

(Mansoor Ahmed) (Hifzul Rahim)

Sd/- Managing Director Director

(CA PANKAJ JAIN) DIN: 01398796 DIN:08491854

PARTNER Sd/- Sd/-

M. NO. 407917 (Chandra (Shivangi Agrawal)

Place: Raipur Bhushan) Company Secretary

Date: 23.05.2024 CFO

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Mar 31, 2014

1. Previous year''s figures have been regrouped wherever necessary to confirm to this year''s classifications

2. In the opinion of the management there is no such event occurred after the date of Balance sheet, which needs to be adjusted in these accounts.

3. In the opinion of the Board, the value on realization of loans, advances and current assets in the ordinary course of business will not be less than the amount at which they are stated in the Balance sheet.

4. There were no employee at any time during the year drawing Rs.500000/- or more per month.

5. No. of employees in the company is not more than 10. Hence Gratuity Act and ESIC Act is not applicable.

Since the no. of employees is less than 20, Provident fund Act is also not applicable.

6. Segment Reporting

a) Business Segment: - The Company has considered business segment as the primary segment to disclose. The company is engaged in the rendering Cargo handling Services, which the context of AS-17 is issued by the Institute of Chartered Accountants of India, is considered the only business segments.

b) Geographical Segment: - The Company provides Services within India. The condition prevailing in India being uniform No Separate geographical segment disclosure is considered necessary.

7. Deferred Tax:-

In accordance with the Accounting Standard -22 "Accounting for taxes on Income" issued by the Institute of Chartered Accountants of India, the company has accounted for deferred tax during the period. The cumulative net deferred tax assets of Rs. 22611.00 as on 31st March 2014 have been recognized. Consequently the excess Deferred Tax assets of Rs 1087.00 has been recognized & debited to Profit & Loss account.

8. Related Party disclosure: -

Disclosures as required by accounting standard 18 (AS-18) related party '' disclosures issued by the institute of chartered accountants of India are as follows and description of relationship.

a. Name of related parties

I. Subsidiaries - NIL

ii. Key management personal

1. Shri Ravi Kamra, Director

2. Shri Ravindra Pokharna, Director

3. Shri Rishi Dave, Director .

4. Shri Satyawati Parashar, Director

5. Shri Laxmi Narayan Kachavat, Director

6. Shri Mansoor Ahmed, Director

iii. Relative of key management personnel where transaction have been taken place during the year.

1. New Era Alkaloids & Export Limited ''

Transaction with related parties referred to above in ordinary course of business.

(Rs. in Lakhs)

9. In respect of Micro / Small / Medium Enterprises Development Act, 2006, certain disclosure is required to make relating to Micro / Small / Medium Enterprises. The company could not get relevant information from its supplier about their coverage under the Act since the relevant information is not readily available, no disclosure have been made in the account. Hence disclosure, if any, relating to amounts unpaid as at the yearend together With interest paid/ payable as required under the said act have not been made

10. No interest has been recognized for the Earnest Money deposited with SBI.

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Mar 31, 2013

1.Accounting for taxes on Income" issued by the Institute of Chartered Accountants of India, which has become mandatory from 1st April 2002 for non listed companies, the company has accounted for deferred tax during the year. Consequently, the cumulative net deferred tax assets / (liabilities) of Rs.23,697.00

2. As on 31st March'' 2013 has been recognized and adjusted from Profit & Loss A/c.

4. Figures have been rounded of nearest Rupees & regroup rearranged as compare to previous year, wherever felt necessary.

5 In the opinion of the Management, the Current Assets, Loans Advices and Deposits approximately of the value stated if realized in the ordinary course of business & provisions for all known habitués“ not in excess of amount considered necessary. There are no coming liabilities However, there is a contingent asset, earnest money(25 /» of the big along given to State Bank of India(SBI) for participating in auction ft* purchasing M/s Sessile Power & Engineering Pvt. Ltd'' b“* subs “" y Company not deposited the balance amt. within the specified time & as; per that the auction, the amount already deposited by us is liable o forfeited The reason for non-payment of balance 75 /out. was use valid reason i.e. theft of some items from the plant site after depositing o earnest money, which resulted in substantial decline in the value of the plant machinery from the amt quoted by us in bid

The company treated the money as Deposit since the Company has filed case against SBI, Stressed Assets Management Branch, Bhopal for the management has virtual certainty that the verdict will be favor of the Company.

6. There were no employee at any time during the year drawing Rs.5,00,000/- or more per month.

7. Debit Balances in the accounts of Supplier, Banks & Others are subject to confirmation and reconciliation.

8 Notes “1" to "20" Form an integral part of the Balance Sheet and Statement of Profit & Loss have been duly authenticated.

The company has only one class equity shares having par value of Rs 10 per share. Each equity share is entitled to one vote.

II Detail of shareholders holding more than 5% shares in (the Company

None of the members held more the 5% shares of the company during the year.

AS the Company/ "cliudin8its resister shareholders / members and other declaration received from shareholders readme beneficial interest the above shareholding representing both legal add beneficial ownership of shares.

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Mar 31, 2012

1. Figures have been rounded of nearest Rupees & regrouped and rearranged as compare to previous year, wherever felt necessary.

2. .In the opinion of the board of directors the Current Assets, Loans and Advances have not a value on realization in the ordinary course of bus at least equal to the amounts at which these are stated and that the provisions for the known liability is adequate and not in excess of the amount reasonable necessary. There are no contingent liabilities.

3. There were no employee at any time during the year drawing Rs.5,00,000/- or more per month.

4. Debit Balances in the accounts of Supplier, Banks & Others are subject to confirmation and reconciliation.

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Mar 31, 2011

1. Deferred Tax: In accordance with the Accounting Standard - 22 'Accounting for taxes on Income" issued by the Institute of Chartered Accountants of India, which has become mandatory from 1st April' 2002 for non listed companies, the company has accounted for deferred tax during the year. Consequently, the cumulative net deferred tax' assets / (liabilities) of Rs. 16967.49.00 as on 31st March' 2011 has been recognized and adjusted from Profit & Loss A/c.

2. Figures have been rounded of nearest Rupees & regrouped and rearranged as compare to previous year, wherever felt necessary.

3. In the opinion of the board of directors the Current Assets, Loans and Advances have not a value on realization- in the ordinary course of business,, at least equal to the amounts at which these are stated and that the provisions for the known liability is adequate and not in excess of the amount reasonable necessary. There are no contingent liabilities. '

4. There were no employee at any time during the year drawing Rs.2,00,000.00 or more per month.

5. Debit Balances in the accounts of Supplier, Banks & Others are subject to confirmation and reconciliation.

6. Schedule A" to "R" Form an integral part of the Balance Sheet and Statement of Pre-operative Expenditure and have been duly authenticated.

7. Details required to be given as per the clause 4, 4A, 4B 4C and 4D of the Schedule VI of the Companies Act, 1956 :

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Mar 31, 2010

1. Deferred Tax; In accordance with the Accounting Standard - 22 "Accounting for taxes on Income" issued by the Institute of Chartered Accountants of India, which has become mandatory from 1st April' 2002 for non listed companies, the company has accounted for deferred tax during the year. Consequently, the cumulative net deferred tax assets / (liabilities) of Rs.20222.00 as on 31st March' 2010 has been recognized and adjusted from Profit & Loss A/c.

2. Figures have been rounded of nearest Rupees & regrouped and rearranged as compare to previous year, wherever felt necessary.

3. In the opinion of the board of directors the Current Assets, Loans and Advances have not a value on realization in the ordinary course of business, at least equal to the amounts at which these are stated and that the provisions for the known liability is adequate and not in excess of the amount reasonable necessary. There are no contingent liabilities.

4. There were no employee at any time during the year drawing Rs,2,00,000.00 or more per month.

5. Debit Balances in the accounts of Supplier, Banks & Others are subject to confirmation and reconciliation.

6. Schedule "A" to "P" Form an integral part of the Balance Sheet and Statement of Pre-operative Expenditure and have been duly authenticated.