Notes to Accounts of Shri Bholanath Carpets Ltd.

Mar 31, 2024

(xiii) Provisions, Contingent Liabilities and Contingent Assets :

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:-

(a) Possible obligations which will be confirmed onty by future events not wholly within the control of the companjf or

(b) 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 nf the; nhliaatinn rannnt he; mad pi. _

The Micro, Small and Medium Enterprises Development Act, 2006, the company is required to identify the Micro, Small and Medium suppliers and pay them interest on over dues
beyond the specified period, irrespective of the terms agreed with the suppliers, The company has initiated the process of identification of such suppliers at this point in time, In
view of large number of suppliers and non-receipt of critical inputs and response from several such potential parties, the liability of interest cannot be reliably estimated, nor
required disclosures can be made, Accounting in this regard will be carried out after process is complete and reliable estimates can be made in this regard,

3 Immovable Property not held in Company''s name

The Company has not any such Immovable property which is not registered in the name of the company

g Additional Regulatory Information
jj) Immovable Property not held in Company''s name

The Company do notown such Immovable property which is not registered in the name of the company

(ii) The Company has not revalued its Property, Plantand Equipment during the yearended 31,03,2024

(iii) Details of Benami Property held

The Company do not hold any benami property under the Benami Transactions (Prohibition) Act, 1988 and the rules made thereunder, therefore disclosure requirment not applicable to the company,

(iv) Details of Borrowings from banks /financial institution

(v) Wilful Defaulter

The company is not declared wilful defaulter by any bank or financial institution or other lender/therefore disclosure requirment not applicable to the company.

16 Previous year figures have been regrouped and reclassified wherever necessary to conform with current years classification.

(Signature to the Notes "1" to "16")

_(As per our report of even date attached)_

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS AUIDITOR''S REPORT

SHRI BHOLANATH CARBETS LIMITED SIGNED IN TERMS OF OUR SEPARATE

FOR O.P.TULSYAN &CO.

CHARTERED ACCONTANTS
FRN 500028N

sd /-

S N GARG

sd/- sd/- (PARTNER)

HARISH BARANWAL VIVEK BARANWAL BLACE: VARANASI M.NO :052740

(DIRECTOR) (DIRECTOR) DATED: 30.05.2024

(DIN No. 01722061)_(DIN No. 02076746)_

---

Mar 31, 2015

1 Equity Shares held by the Holding Company

NIL Equity Shares (NIL) are held by , the holding company.

---

Mar 31, 2012

1 Sundry Debtors, Loans and Advances :

i) Balances from Debtors, Creditors and for Deposits are as per management''s certification and not confirmed by the auditors

2 Previous year figures have been regrouped and reclassified wherever necessary to confirm with current years classification.

---

Mar 31, 2010

1. PARTICULARS AS ON AS ON 31.03.10 31.03.09

1(1) Contingent Liabilities for disputed demand of:

a) Custom duty-Pending Appeal. NIL NIL

b) Annual Supervision charges of Inspector from Excise NIL NIL authorities.

c) Trade tax liability NIL NIL

(II) a) Guarantee Bond for duty free import against Export NIL NIL obligation.

b) Counter guarantee of guarantee and surety bond issued NIL NIL by an associate corporate body :

i) for term loan/WC finance etc. NIL NIL

(* company has complied its export obligation)

* Surety Bond/LUT executed in favour of Custom Authorities which is equal to 100% of the duty livable on the sanctioned requirement of imported capital goods; raw material; HSD and other consumables for 100% EOU. The company has complied its export obligation and applied for reduction of the bond amount to the extent of Rs. 190.00 under prevailing norms.

2. The company was engaged in the production of woolen yarn, as a 100% EOU approved by Central Government and commenced commercial production of woolen yarn w.e.f. 01.12.1999. There is no other activity undertaken by the company during the year.

3. The machinery and other assets being installed during phase -II has been capitalized.

4. The company has in process of creating database/identifying the parties who are covered under SSI by seeking for information/documents from its suppliers. Based on information/data base so far available, the small scale undertakings to whom amounts outstanding Rs.l lac or more is outstanding for more than 30 days, other than small scale undertakings whose terms of payment requires the Company to pay them after a period of 30 days, are as under :

Names of the Small Scale Industrial undertakings :

a) Kumar Engg. Works b) Vinayak Wool (India) Pvt. Ltd.

5 a) In the opinion of the Board of Directors and to the best of their knowledge, adequate provision have been made in the account for all known liabilities; and current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet. Accounts with foreign collaborators are subject to their confirmation.

b) Balance shown under debtors, advances, other current assets and creditors so far as these have not been realized/discharged settled or adjusted are subject to confirmation reconciliation and consequential adjustments if any.

6. Additional Information pursuant to paras 3, 4C and 4D of Part II Schedule VI to the Companies Act, 1956 annexed to the account for the year ended March 31, 2010

G) No employee of the company was in receipt of remuneration in excess of the amount specified u/s. 217 (2A) of the Companies Act, 1956.

H) The company has been advised that the computation of net profit for the purpose of calculation of managerial remuneration under section 349 of the Companies Act, 1956 need not be enumerated since no commission has been paid to the directors and that the remuneration is paid within the limits of Schedule XIII to the Companies Act, 1956.

Schedule 1 to 22 referred to above form an integral part of the Balance Sheet and Profit and Loss Account and have been duly authenticated.