Notes to Accounts of Tapi Fruit Processing Ltd.

Mar 31, 2024

(d) Terms 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. The company has not declared any dividend during the year.

In the event of liquidation of the company, the holders 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 shares held by the shareholders.

Cash Credit Limits from Banks is secured by way of hypothecation of inventories and book debts and charge over fixed assets of the company and personal guarantee of two directors. The cash credit is repayable on demand and carries interest Repo 2.70% p.a. Credit facilities from Indian Bank are also personally guaranteed by Directors of the company.

Note D (II): EARNING PER SHARE (EPS)

Basic EPS amounts are calculated by dividing the profit for the year attributable to equity holders of the Company by the weighted average number of Equity shares outstanding during the year.

Diluted EPS amounts are calculated by dividing the profit attributable to equity holders of the Company by the weighted average number of Equity shares outstanding during the year plus the weighted average number of Equity shares that would be issued on conversion of all the dilutive potential Equity shares into Equity shares.

Note F: OTHER STATUTORY DISCLOSURES

(a) The Company does not have Lease liability and hence no reporting related to the same has been made.

(b) There has been no revaluation to Property, Plant and Equipment.

(c) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

(d) The Company holds all the title deeds of immovable property in its name.

(e) The Company has not granted any loans or advances to promoter, director, KMP in nature of loan during the year.

(f) The Company is not declared willful defaulter by bank or financial institution or other lender.

(g) The Company has not applied for any scheme of arrangement under Sections 230 to 237 of Companies Act, 2013.

(h) The provisions of Section 135 of the Companies Act, 2013 are not applicable to the Company, hence details regarding CSR activities are not provided.

(i) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

(j) The Company have not traded or invested in Crypto Currency or Virtual Currency during the period/year.

(k) The Company does not have any transaction not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessment under the Income Tax Act, 1961.

(l) The Company does not have number of layer of Companies as prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.

(m) All the Disclosures as required under Schedule III to the Companies Act, 2013 are given in this Financial Statement which are applicable to the Company. Disclosures for such requirements as provided in Schedule III to the Companies Act, 2013 which are not included in this financial statement is due to transactions / matters which are either not occurred during the year or not applicable to the Company.

Note H: OTHER DISCLOSURES & INFORMATION

(I) The balance of debtors, creditors, unsecured loans and Loans & Advances are subject to confirmation. However, the director has certified the respective balances.

(II) Expenses for which supporting evidences are not found are duly certified by the directors.

(III) C.I.F. Value of Imports: INR 39,515.77 Hundred

(IV) Earning in Foreign Exchange: 47,012.99 Hundres

(V) Previous reporting period''s figure have been regrouped/reclassified wherever necessary to correspond with the current reporti ng period''s classifications / disclosure.