Notes to Accounts of SV Trading & Agencies Ltd.

Mar 31, 2024

2B.5) Provision for liabilities and charges, Contingent liabilities and Contingent Assets

The assessments undertaken in recognising provisions and contingencies have been made in accordance with the applicable Ind AS.

Provisions represent liabilities to the Company for which the amount or timing is uncertain.

In the normal course of business, contingent liabilities may arise from litigation and other claims against the Company. Guarantees are also provided in
the normal course of business. There are certain obligations which management has concluded, based on all available facts and circumstances, are
not probable of payment or are very difficult to quantify reliably, and such obligations are treated as contingent liabilities and disclosed in the notes but
are not reflected as liabilities in the financial statements. Although there can be no assurance regarding the final outcome of the legal proceedings in
which the Company involved, it is not expected that such contingencies will have a material effect on its financial position or profitability.

Contingent assets are not recognized but disclosed in the financial statements when an inflow of economic benefits is probable.

2B.6) Earning Per Share

In arriving at the EPS, the Company’s net profit/ loss after tax before adjustment of Other comprehensive income, computed in terms of the Ind AS, is
divided by the weighted average number of equity shares outstanding on the last day of the reporting period. The EPS thus arrived at is known as
‘Basic EPS’. There are no potential equity shares in existence during the current and previous period therefore Basic & Diluted EPS are similar.

2B.7) Cash Flow Statement

Cash flows are reported using indirect method as set out in Ind AS -7 “Statement of Cash Flows”, whereby profit / (loss) before tax is adjusted for the
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.

2B.9) Balance of Trade Receivable includes Nil (Previous Year Rs. Nil) which is neither overdue nor any provision has been made in the accounts as
the Management is hopeful of recovery.

2B.10) The Company has not granted any loan or advance in the nature of loan to promoters, directors, KMP and other related parties that are
repayable on demand or without specying any terms or period of repayment.

2B.11) There are no Scheme of Arrangements approved by the Competent Authority in terms of Section 230 to 237 of the Companies Act, 2013 during
the year

2B.12) There are no Scheme of Arrangements approved by the Competent Authority in terms of Section 230 to 237 of the Companies Act, 2013 during
the year

2B.13) The Compant do not have any transaction which are not recorded in the books of accounts that has been surrendered or disclosed as income in
the tax assessments under the Income Tax Act, 1961 during of the years.

2B.14) The Company did not trade or invest in Crypto Currency or virtual currency during the financial year. Hence, disclosures relating to it are not
applicable.

2B.15) The Company did not have any transactions with Companies struck off under section 248 of the Companies Act, 2013 or Section 560 of the
Companies Act, 1956 considering the information available with the company.

2B.16)The Company has not been sanctioned working capital limits in excess of five crore rupees, in aggregate, from banks or financial institution on
the basis of security of current assets at any point of time during the year.

2B.17) At the Year End Companies Gross Revenue from Investing & Financing Activities are more than 50% of Total Gross Revenue and Financial
Assets are more than 50% of Total Assets of the Company. Thus Company fulfills 50:50 test criteria. However the Company does not holds NBCF
Licence nor it has applied for the same.

Signatures to Note 1 which form an integral part of the Financial Statements
As per our report of even date

FOR R SONI & COMPANY For and on behalf of the Board of Directors of S. V. Trading & Agencies Limited

Chartered Accountants
FRN: 130349W

Sd/- Sd/-

Gopal Lal Paliwal Manoharbhai P. Joshi

^Sd/- Managing Director Director

Rajesh Soni DIN: 06522898 DIN: 02208711

Partner

M.No. : 133240 Sd/- Sd/-

^{UDIN: 24133240BKAVGJ8429} Neelu Kumawat Arpit Lodha

^{Place: MUMBAI} Director and CFO Company Secretary

Date: 30th May, 2024 DIN: 10061282 M.No.- A47819

B. Measurement of fair values

Valuation techniques and significant unobservable inputs

The Fair Value of the Financial Assets & Liabilities are included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation
sale.

C. Financial Risk Management
C.i. Risk management framework

A wide range of risks may affect the Company’s business and operational or financial performance. The risks that could have significant influence on the Company are market risk, credit risk and liquidity risk.
The Company’s Board of Directors reviews and sets out policies for managing these risks and monitors suitable actions taken by management to minimise potential adverse effects of such risks on the
company’s operational and financial performance.

C.ii. Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Company’s trade and other
receivables, cash and cash equivalents and other bank balances. To manage this, the Company periodically assesses financial reliability of customers, taking into account the financial condition, current
economic trends and analysis of historical bad debts and ageing of accounts receivable. The maximum exposure to credit risk in case of all the financial instruments covered below is restricted to their respective
carrying amount.

(a) Trade and other receivables from customers

Credit risk in respect of trade and other receivables is managed through credit approvals, establishing credit limits and monitoring the creditworthiness of customers to which the Company grants credit terms in
the normal course of business.

The Company considers the probability of default upon initial recognition of asset and whether there has been a significant increase in the credit risk on an on-going basis through each reporting period. To
assess whether there is a significant increase in credit risk the Company compares the risk of default occurring on assets as at the reporting date with the risk of default as at the date of initial recognition. It
considers reasonable and supportive forwarding-looking information such as:

i) Actual or expected significant adverse changes in business

ii) Actual or expected significant changes in the operating results of the counterparty

iii) Financial or economic conditions that are expected to cause a significant change to the counterparties ability to meet its obligation

iv) Significant changes in the value of the collateral supporting the obligation or in the quality of third party guarantees or credit enhancements

Financial assets are written off when there is a no reasonable expectations of recovery, such as a debtor failing to engage in a repayment plan with the Company. When loans or receivables have been written
off, the Company continues to engage in enforcement activity to attempt to recover the receivable due, When recoverable are made, these are recognised as income in the statement of profit and loss.

The Company measures the expected credit loss of trade receivables and loan from individual customers based on historical trend, industry practices and the business environment in which the entity operates.
Loss rates are based on actual credit loss experience and past trends. Based on the historical data, loss on collection of receivable is not material hence no additional provision considered.

Financial Assets are considered to be of good quality and there is no significant increase in credit risk
(b) Cash and cash equivalents and Other Bank Balances

The Company held cash and cash equivalents and other bank balances as stated in Note No. 05. The cash and cash equivalents are held with bank with good credit ratings and financial institution
counterparties with good market standing.

C.iii. Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset.

Liquidity risk is managed by Company through effective fund management of the Company’s short, medium and long-term funding and liquidity management requirements. The Company manages liquidity risk
by maintaining adequate reserves, banking facilities and other borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and
liabilities.

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted.

C.iv. Market risk

Market Risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: currency risk, interest rate risk
and other price risk.

C.iv.a Currency risk

The Company is not exposed to any currency risk on account of its operating and financing activities. The functional currency of the Company is Indian Rupee. Our exposure are mainly denominated in INR''s
Only. The Company’s business model incorporates assumptions on currency risks and ensures any exposure is covered through the normal business operations. This intent has been achieved in all years
presented. The Company has put in place a Financial Risk Management Policy to Identify the most effective and efficient ways of managing the currency risks.

C.iv.b Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company is exposed to interest rate risk through the
impact of rate changes on interest-bearing liabilities and assets. The Company manages its interest rate risk by monitoring the movements in the market interest rates closely.

NOTE 17: Additional and other information

I The company has substantial revenue from Interest income during the reporting period.

II Dues to Small scale, micro and medium enterprises

Government of India has promulgated an Act namely The Micro, Small and Medium Enterprise Development Act, 2006 which comes into force with
effect from October 02, 2006. As per the act, the Company is required to identify the Micro, Small and Medium Suppliers and pay them interest on
overdue beyond the specified period irrespective of terms agreed with the suppliers. The Company has sent the confirmation letters to its suppliers at
the year end, to identify the supplier registered with the Act. As per the information available with the Company, none of the supplier has confirmed
that they have registered with the Act. In view of this, the liability of interest has neither been provided nor is required disclosure done.

Signatures to Note 17 which form an integral part of the Financial Statements

As per our report of even date

FOR R SONI & COMPANY For and on behalf of the Board of Directors of S. V. Trading & Agencies Limited

Chartered Accountants

FRN: 130349W Sd/- Sd/-

Gopal Lal Paliwal Manoharbhai P. Joshi

Sd/- Managing Director Director

Rajesh Soni DIN: 06522898 DIN: 02208711

Partner

M.No. : 133240 Sd/- Sd/-

UDIN: 24133240BKAVGJ8429 Neelu Kumawat Arpit Lodha

Place: MUMBAI Director and CFO Company Secretary

Date: 30th May, 2024 DIN: 10061282 M.No.- A47819

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Mar 31, 2015

1.1 Other notes -

a) There is no impairment of assets as per AS 28 issued by ICAI.

b) There are no due to Small/Micro undertaking.

c) Contingent Liabilities: - NIL

d) In the opinion of the Board, the Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount which they are stated in the Balance Sheet and provision for all known and determined liabilities is adequate and not in Excess of amount reasonably required. Further balances are subject to confirmation.

e) Previous year figures have been regrouped, reclassified and recast wherever considered necessary.

f) Figures have been rounded off to nearest rupee.

As per our attached report of even date

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Mar 31, 2014

1. Some of the balances of sundry debtors, sundry creditors, deposits, loans and advances and unsecured loan are subject to confirmation and adjustments necessary upon reconciliation, if any consequential impact thereof on the financial statement is not ascertainable.

2. In the opinion of the Board, the Current Assets, Loans, and advances are approximately of the value stated in the Balance Sheets if realised in ordinary courses of the business and the provision of all known liabilities is made and is adequate and is not in excess of the amount reasonable considered necessary.

The Company does not have any outstanding dilutive potential equity shares. Consequently, the basic and diluted earning per share of the company remain the same.

3. In view of time limitations on carry forward of losses and as a matter of prudence Deferred Tax Assets arising on account of brought forward losses and unabsorbed Depreciation under tax laws has not been recognised.

4. The Accounts are prepared on a going concern basis inspite of accumulated losses exceeding the paid up share capital and reserve & surplus.

5. Other additional information pursuant of the provisions of paragraph 3, 4C and 4D of part II of schedule VI of Companies Act, 1956, are not applicable to the company.

6. Previous years figures are regrouped, reclassified and recasted whenever necessary.

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Mar 31, 2013

1. Contingent Liabilities not provided for in respect of partly paid shares Rs.3,990/- (Previous Year Rs.3,990/-)

2. Some of the balances of sundry debtors, sundry creditors, deposits, loans and advances and unsecured loan are subject to confirmation and adjustments necessary upon reconciliation, if any consequential impact thereof on the financial statement is not ascertainable.

3. In the opinion of the Board, the Current Assets, Loans, and advances are approximately of the value stated in the Balance Sheets if realised in ordinary courses of the business and the provision of all known liabilities is made and is adequate and is not in excess of the amount reasonable considered necessary.

4. Investment includes 8,626 shares (Cost Rs.5,48,017/-) of Orison Enterprises limited (previous Year 8,626 shares cost Rs.5,48,017/-) held by the Company on behalf of the subscribers

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Mar 31, 2012

1. Contingent Liabilities not provided for in respect of partly paid shares Rs.3,990/- (Previous Year Rs.3,990/-)

2. Some of the balances of sundry debtors, sundry creditors, deposits, loans and advances and unsecured loan are subject to confirmation and adjustments necessary upon reconciliation, if any consequential impact thereof on the financial statement is not ascertainable.

3. In the opinion of the Board, the Current Assets, Loans, and advances are approximately of the value stated in the Balance Sheets if realized in ordinary courses of the business and the provision of all known liabilities is made and is adequate and is not in excess of the amount reasonable considered necessary.

4. Investment includes 8,626 shares (Cost Rs.5,48,017/-)of Orison Enterprises limited (previous Year 8,626 shares cost Rs.5,48,017/-) held by the Company on behalf of the subscribers.

5. Earnings per shares:

Particulars Year ended Year ended

31.03.2012 31.03.2011

Net Profit/(Loss) attributable to share holder (in Rs.) 16,53,659 (11,62,316)

Weighted average number of equity shares (in No.) 1,00,000 1,00,000

Basic earning per shares of Rs. 10/-each 16.54 (11.62)

The Company does not have any outstanding dilutive potential equity shares. Consequently, the basic and diluted earning per share of the company remain the same.

6. In view of time limitations on carry forward of losses and as a matter of prudence Deferred Tax Assets arising on account of brought forward losses and unabsorbed Depreciation under tax laws has not been recognized.

7. The Accounts are prepared on a going concern basis in spite of accumulated losses exceeding the paid up share capital and reserve & surplus.

8. Quantitative details of Inventories (Shares & Debentures)

9. Other additional information pursuant of the provisions of paragraph 3, 4C and 4D of part II of schedule VI of Companies Act, 1956, are not applicable to the company.

10. Previous years figures are regrouped, reclassified and recasted whenever necessary.

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Mar 31, 2010

1. Contingent Liabilities not provided for in respect of partly paid shares Rs.3,990/- Previous Year Rs.3,990/-)

2. Some of the balances of sundry debtors, sundry creditors, deposits, loans and advances and unsecured loan are subject to confirmation and adjustments necessary upon reconciliation, if any consequential impact thereof on the financial statement is not ascertainable.

3. In the opinion of the Board, the Current Assets, Loans, and advances are approximately of the value stated in the Balance Sheets if realised in ordinary courses of the business and the provision of all known liabilities is made and is adequate and is not in excess of the amount reasonable considered necessary.

4. Investment includes 8,626 shares (Cost Rs.5,48,017/-) of Oricon Enterprises limited (previous Year 8,626 shares cost Rs.5,48,017/-) held by the Company on behalf of the subscribers

5. Related Party Disclosure

Disclosure requirement as per Accounting Standard 18(AS-18) "Related Party Discloures" issued by the institute of Chartered Accountants of India .

List of Related Parties:

a) Key Management Personnel

1 Mr. Rajendra Somani Director

2 Mr. Surendra Somani Director

3 Mr. Adarsh Somani Director

6. In view of time limitations on carry forward of losses and as a matter of prudence Deferred Tax Assets arising on account of brought forward losses and unabsorbed Depreciation under tax laws has not been recognised.

7. The Accounts are prepared on a going concern basis inspite of accumulated losses exceeding the paid up share capital and reserve & surplus.

8. Quantitative details of Inventories (Shares & Debentures)

9. Other additional information pursuant of the provisions of paragraph 3, 4C and 4D of part II of schedule VI of Companies Act, 1956, are not applicable to the company.

10. Previous years figures are regrouped, reclassified and recasted whenever necessary.