Notes to Accounts of Sellwin Traders Ltd.

Mar 31, 2025

A provision is n>cogoijsed when flie comporty lias a present obligetion as a result of past event, it is probable that an
outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate
can. be made of the amount cl the obligation. Provisions are not discounted to then'' present value and are
determined based on best management estimate required to settle the obligation at the balance sheet date. These are
reviewed at each balance sheet date and adjusted to reflect flic current best management estirsiates.

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the
occurrence or noil -occurrence of one or more -uncertain future events beyond tire control of the company or a
present obligation drat is not rec ognised because it is not probable that an outflow of resources will be required to
settle the obligation- A contingent liability also arises in extremely rare cases where titere is a liability that cannot be
recognised because it cannot be measured reliably. The company does not recognize contingent liabilities but
discloses it''s existence in the financial statement. Contingent assets are neither recognized nor disclosed in the
financial statements.

F Employee Benefits:

Short term obligations:

Liabilities for wages and salaries, including earned leave and sick leave that are expected to be settled wholly
within 12 months after the end of the period in wliich the employees render the related service are recognised in
respect oi employees services up to the end of the reporting period and ar e measured by the amounts expec ted to
be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the
balance slieet.

Retirement benefits

The Company Has dissolved the Provident Fund Trust and is in the process of closure of the same as there are no
employees left other titan the two Whole Time Directors and Chief Financial Officer. The Company''s
Superannuation Fund is administered through Life Insurance Corporation of India and is recognised by the Income
Tax Department. Company''s contribution to Superannuation Fund for the year is charged against revenue.

Employee Separation Costs:

The compensation paid to the employees under Voluntary Retirement Scheme is expensed in the year of payment,
Q Cash flow Statement

Cash Sows are reported using the indirect method, whereby profit before tax is adjusted for die effects of
transactions of non cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash
flows from operating, investing and financing activities of the Company are segregated based on the available
information.

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Mar 31, 2024

13. PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent

Liabilities are not recognized but are provided on the basis of management evaluation of the same and reviewed on the basis of events happening, besides disclosures in the notes. Contingent assets are neither recognized nor disclosed in the financial statements.

14. LEASED ASSETS

Rentals in respect of assets taken on operating lease by the company are expensed with reference to the lease and other considerations.

15. FINANCIAL INSTRUMENTS

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Financial Assets Initial Measurement:

All financial assets are recognised initially at fair value plus, in the case of financial assets not recorded at fair value through profit or loss, transaction costs that are attributable to the acquisition of the financial asset. Purchases or sales of financial assets that require delivery of assets within a time frame established by regulation or convention in the market place (regular way trades) are recognised on the trade date, i.e., the date that the Company commits to purchase or sell the asset.

Subsequent Measurement:

Subsequent measurement is determined with reference to the classification of the respective financial assets and the contractual cash flow characteristic of the financial assets, the company classifies financial assets as subsequently measured at amortized cost, fair value through other comprehensive income or fair value through profit and loss.

Financial Assets carried at amortised cost

A financial asset is measured at amortised 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

Financial Assets at fair value through other Comprehensive Income (FVOCI)

A financial asset is measured at FVOCI 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.

Financial Assets at fair value through profit or loss (FVTPL)

A financial asset which is not classified in any of the above categories are measured at FVTPL Debt instruments included within the FVTOCI category are measured at fair value with all changes recognized in profit and loss. However currently the company does not have any financial instrument in this category. De-recognition of Financial Assets

The Company de-recognises a financial asset only when the contractual rights to the cash flows from the asset expire, or it transfers the financial asset and substantially all risks and rewards of ownership of the asset to another entity. If the Company neither transfers nor retains substantially all the risks and rewards of ownership and continues to control the transferred asset, the Company recognizes its retained interest in the assets and an associated liability for amounts it may have to pay. If the Company retains substantially all the risks and rewards of ownership of a transferred financial asset, the Company continues to recognise the financial asset and also recognises a collateralised borrowing for the proceeds received.

Financial Liabilities

Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings and payables as appropriate. All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs.

• Borrowings

After initial recognition, interest-bearing loans and borrowings are subsequently measured at fair value.

• Financial Guarantee Contracts

Financial guarantee contracts issued by the Company are those contracts that require a payment to be made to reimburse the holder for a loss it incurs because the specified debtor fails to make a payment when due in accordance with the terms of a debt instrument. Financial guarantee contracts are recognised initially as a liability at fair value, adjusted for transaction costs that are directly attributable to the issuance of the guarantee. Subsequently, the liability is measured at the higher of the amount of loss allowance determined

as per impairment requirements of Ind AS 109 and the amount recognised less cumulative amortisation.

• De-recognition of Financial Liabilities

Financial Liabilities are removed from the balance sheet when the obligation specified in the contract is discharged, cancelled or expired. The difference between the carrying amount of a financial liability that has been extinguished or transferred to another party and the consideration paid, including any non-cash assets transferred or liabilities assumed, is recognised in the Statement of Profit and Loss as other gains/(losses).

• Offsetting Financial Instruments

Financial Assets and Financial Liabilities are offset and the net amount is reported in the Balance Sheet if there is a currently enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis; to realise the assets and settle the liabilities simultaneously.

16. FAIR VALUE MEASUREMENT

The Company measures financial assets and financial liability at fair value at each balance sheet date. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either:

- In the principal market for the asset or liability, or

- In the absence of a principal market, in the most advantageous market for the asset or liability

The principal or the most advantageous market must be accessible by the Company. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. A fair value measurement of a non-financial asset takes into account a market participant''s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximising the use of relevant observable inputs and minimising the use of unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

- Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or liabilities

- Level 2 - Valuation Techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable

- Level 3 - Valuation Techniques for which the lowest level input that is significant to the fair value measurement is unobservable. For assets and liabilities that are recognised in the financial statements on a recurring basis, the Company determines whether transfers have occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period.

The Management analyses the movements in the values of assets and liabilities which are required to be remeasured or re-assessed as per the Company''s accounting policies. For this analysis, the Management verifies the major inputs applied in the latest valuation by agreeing the information in the valuation computation and other relevant documents.

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Mar 31, 2014

1 Based on the information / documents available with the Company, no creditor is covered under Micro, Small and Medium Enterprise Development Act, 2006. As a result, no interest provision/payments have been made by the Company to such creditors, if any, and no disclosures thereof are made in these accounts.

2 Sundry debtors are subject to confirmation by the respective parties.

3 Segment Report :

The Company is engaged in the business of Consultancy Activities and there are no separate reportable segments as per Accounting Standard 17.

4 Related Party Disclosure :

As per accounting standard 18 the information for related parties is given below:

KEY MANAGEMENT PERSONNEL ( KMP)

1. Kailash Chandra Sharma

2. Navin Chandra Sharma

3. Nirmala Devi Sharma

5 Deferred Taxation :

On the basis of prudent ground, no deferred tax Asset has been recognised during the year. Company has carry forward losses under Income Tax Laws but in the absence of virtual certainty of sufficient future taxable income, in the opinion of management, deferred tax assets has not been recognised by way of prudence in accordance with AS-22 " Accounting For Taxes On Income " issued by the Institute of Chartered Accountants of India.

6 The Company has Complied this information based on the current information in its possession. As at 31.03.2014, No supplier has intimated the Company about its status as a Micro or Small enterprise or its Registration with the appropriate authority under the Micro, Small and Medium Enterprises Development Act, 2006 amount due to Micro Small and Medium Enterprises as on 31.03.2014 RS NIL ( PY RS NIL )

7 No Provision has been made on account of gratuity as none of the employees have put in completed years of Service as required by the payment of gratuity act

8 No provision has been made on account of leave salary as there are no leave to the credit of employees as at the end of the year

9 Earning in foreign Currency Nil Nil

10 Expenditure in foreign Currency Nil Nil

11 Previous Year figures have been regrouped, rearranged or re-casted wherever considered necessary.

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Mar 31, 2013

1. Based on the information / documents available with the Company, no creditor is covered under Micro, Smalland Medium Enterprise Development Act, 2006. As a result, no interest provision/payments have been made by the Company to such creditors, if any, and no disclosures thereof are made in these accounts.

2. Sundry debtors are subject to confirmation by the respective parties

3. Segment Report :

The Company is engaged in the business of Investing Activities and there are no separate reportable segments as per Accounting Standard 17.

4. Related Party Disclosure :

As per accounting statndard 18 the information for related parties is given below:

KEY MANAGEMENT PERSONNEL ( KMP )

1. Kailash Chandra Sharma

2. Navin Chandra Sharma

3. Nirmala Devi Sharma

5. Deferred Taxation :

On the basis of prudent ground, no deferred tax Asset has been recogonised during the year. Company has carry forward losses under Income Tax Laws but in the absence of virtual certainity of sufficient future taxable income, in the opinion of management, deferred tax assets has not been recogonised by way of prudence in accordance with AS-22 " Accounting For Taxes On Income " issued by the Institute of Chartered Accountants of India.

6. The Company has Complied this information based on the current information in its possession As at 31.03.2013 , No supplier has intimated the Company about its status as a Micro or Small enterprise or its Registration with the appropriate authority under the Micro,Small and Medium Enterprises Development Act , 2006. Amount due to Micro Small and Medium Enterises as on 31.03.2013 RS NIL ( PY Rs. NIL

7. No Provision has been made on account of gratuity as none of the employees have put in completed years of Service as required by the payment of gratuity act

8. No provision has been made on account of leave salary as there are no leave to the credit of employees as at the end of the year

9. Earning in foreign Currency Nil Nil

10. Expenditure in foreign Currency Nil Nil

11. Previous Year figures have been regrouped, rearranged or recasted wherever considered necessary.

B. TERMS/ RIGHTS ATTACHED TO EQUITY SHARES

The Company has only one class of equity share having par value of Rs 10 /- per share . Each holder of Equity share is entitled to one vote per share.

In the event of liquidation of the company , the holder of equity shares will be entitled to receive remaining assets of the Company after distribution of all preferential amounts . The Distribution will be in proportion to the number of equity share held by the shareholders.

As per the records of the Company, including its Register of Members and other declarations received from the shareholders regarding beneficial interest, the above shareholders represents legal ownership of shares.

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Mar 31, 2012

1 Based on the information / documents available with the Company, no creditor is covered under Micro, Small and Medium Enterprise Development Act, 2006. As a result, no interest provision/ payments have been made by the Company to such creditors, if any, and no disclosures thereof are made in these accounts.

2 Loans, advances and sundry debtors and sundry creditors balances are subject to confirmation by the respective parties

3 Segment Report :

The Company is engaged in the business of Investing Activities and there are no separate reportable segments as per Accounting Standard 17.

4 Related Party Disclosure :

As the Company has not paid anything to the Related Parties as required as per Accounting Standard 18 issued by the Institute of Chartered Accountants of India, there is no need of any disclosure.

5 Deferred Taxation :

On the basis of prudent ground, no deferred tax Asset has been recogonised during the year. Company has carry forward losses under Income Tax Laws but in the absence of virtual certainity of sufficient future taxable income, in the opinion of management, deferred tax assets has not been recogonised by way of prudence in accordance with AS-22 " Accounting For Taxes On Income " issued by the Institute of Chartered Accountants of India.

6 The Company has Complied this information based on the current information in its possession . As at 31.03.2012 , No supplier has intimated the Company about its status as a Micro or Small enterprise or its Registration with the appropriate authority under the Micro,Small and Medium Enterprises Development Act , 2006

Amount due to Micro Small and Medium Enterises as on 31.03.2012 RS NIL ( PY RS NIL)

7 No Provision has been made on account of gratuity as none of the employees have put in completed years of Service as required by the payment of gratuity act

8 No provision has been made on account of leave salary as there are no leave to the credit of employees as at the end of the year

9 Earning in foreign Currency Nil Nil

10 Expenditure in foreign Currency Nil Nil

11 Previous Year figures have been regrouped, rearranged or recasted wherever considered necessary.

12 Till 31St March, 2011 the Company was using pre revised Schedule VI to the Companies Act 1956, for preparation and presentation of its financial statements. During the year ended 31St March, 2012 the Revised Schedule VI notified under the Companies Act, 1956 has become applicable to the company. The Company has re classified previous year figures as well as those in the bracket to confirm to this year''s classification as per revised Schedule VI. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However its significantly impacts presentation and disclosure made in the financial statements, particularly presentation of Balance Sheet.

B TERMS/ RIGHTS ATTACHED TO EQUITY SHARES

The Company has only one class of equity share having par value of Rs 10 /- per share . Each holder of Equity share is entitled to one vote per share

In the event of liquidation of the company , the holder of equity shares will be entitled to receive re- maining assets of the Company after distribution of all preferential amounts . The Distribution will be in proportion to the number of equity share held by the shareholders

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Mar 31, 2011

01. The Company has Complied this information based on the current information in its possession. As at 31.03.2010, No supplier has intimated the Company about its status as a Micro or Small enterprise or its Registration with the appropriate authority under the Micro,Small and Medium Enterprises Development Act, 2006 Amount due to Micro Small and Medium Enterprise as on 31.03.2011 Rs. NIL (PY Rs. NIL)

02. No Provision has been made on account of gratuity as none of the employees have put in completed years of Service as required by the payment of gratuity act.

03 No provision has been made on account of leave salary as there are no leave to the credit of employees as at the end of the year

04 Earning in foreign Currency NIL NIL

05 Expenditure in foreign Currency NIL NIL

06 Previous Year figures have been regrouped, rearranged or recasted wherever considered necessary.