During the financial year 2024-25 the Company has not carried out an acturial valuation for its employee benefit obligations, as required under Ind AS 19/AS 15 (Revised 2005) in the absence of an acturial assesment the company has estimated liabilities based on historical trends, internal assumption and available financial data . Management acknowledges that this opproch may introduce estimation uncertainty, and the impact of any deviations will be reassesed in subsequent period. The company is commited to conducting a formal acturial valuation in the next financial year to ensure compliance with appliacble accounting standardsand provide an accurate reflection of employee benefit obligations. liquidty risk that an entity will encounter difficulty obligations associated with fmanual liabilities that are settled by delrvew* cash or another financial asets the company is exposed to liquidity risk as theie is huge amount of trade and other payables The company measures risk by forecasting cashflows
the company Approach to managing liquidity is to ensure as far as possible that it will always have sufficient liquidity to meet its liabilities when due without incurring unacceptable losses or risking damage to the companys reputation The companys aproach to managing liquidity is to ensure as lar as possible that it will always have sufficient liquidity to meet ns liabilities when due without incurring unacceptable losses or risking damage to the companys reputation The company ensures that it has sufficient fund to meet espected operational expenses servicing of financial obligations.
MARKET RISK
Market Risk is the Risk that the fair value or future cashflows of a financial instrument will fluctuate because of changes m market prices Market prices comprise thrae types of Risk Currency Risk .Interest Rate Risk and other prices Risk, such as equity price risk and commodity risk financial instruments affected by market risk mdude loans and borrowings deposits and Investments This is based on the financial assets and financial liabilities held as at March -2020
33(F) Liability of lease rent had not yet been paid or provided in books of accounts in respect of DN-1, Eternity building. Sector V, Salt Lake Kolkata- 91 and IB 63,Sector- III Salt Lake Moreover the quantum of lease amount based on lease deeds had not yet been ascertained. In absence of the current market price of the said properties Lease rent payable is not ascertainable at this stage.However the matter will be dealt with in future with the relevant authorities.
33(6) Due to the non availabilty of details of the components of the Fixed Assets it is not possible for the Company to calculate Component depreciation with respect to fixed assets .
33(H) The company was awarded one construction contracts by MES (Military engineer services), Kolkata Zone for setting up
infrastructure in Diamond Harbour .MES had during the financial year 2014-1S cancelled the above contract .The company has initiated appropriate legal proceedings against the said cancellation .Effect of the dispute arising out of the above is not ascertainable at this stage.
33(1) Figures for the previous year have been rearranged/regrouped where found necessary to make them comparable with those of the current year.