36 Corporate Social responsibility (CSR)
Provisions of Section 135 of Companies Act, 2013 are not applicable on the company. Hence, no provision for CSR expense has been made during the year. (March 31,2023: NIL)
37 Payable to Micro, Small and medium Enterprises
The Company has no amounts payable to Micro and Small Enterprises as defined in section 7(1) of the Micro,Small and Medium Enterprises Development Act,2006, to the extent such parties have been identified on the basis of information collected by the Management. This has been relied upon by the auditors.
38 Contingent liabilities and commitments (to the extent not provided for) Amount in INR Lakhs
Particulars
As at March 31,2024
As at March 31,2023
(i) Contingent liabilities
Claims against the company not acknowledged as debt
Disputed claims/levies in respect of Goods and Services Tax / Income Tax / Value Added Tax -Classification of goods -Others
(ii) Commitments
- 1.69
Explanation of formulas used in calculating ratios :
(1) Net debt includes borrowings (long term and short term) net of cash & cash equivalents and bank balances.
(2) Earnings available for debt service includes profit after tax, finance costs, depreciation and other non cash expense.
(3) Debt service includes finance costs paid and principal repayment of borrowings (long term and short term).
(4) Earning before interest and taxes includes Profit before tax plus depreciation.
(5) Capital employed includes Tangible net worth (Total assets - total liability - intangible assets), net debt and deferred tax liability.
40 Additional Regulatory Information
(a) The Company has not been declared a wilful defaulter by any bank or financial institution or consortium thereof in accordance with the guidelines on wilful defaulters issued by the RBI.
(b) There are no proceedings initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.
(c) The Company has neither advanced, loaned or invested funds nor received any fund to/from any person or entity for lending or investing or providing guarantee to/on behalf of the ultimate beneficiary during the reporting years.
(d) There is no charge or satisfaction of charge which is yet to be registered with ROC beyond the statutory period.
(e) The Company do not have any transaction not recorded in the books of accounts that has been surrendered or not disclosed as income during the year in the tax assessments under the Income T ax Act, 1961.
(f) The Company has been sanctioned working capital limits in excess of ? 5.00 crore, in aggregate, during the year, from banks or financial institutions on the basis of security of current assets during the financial years ended March 31,2024.The quarterly returns /statements filed by the company with such banks are in agreement/ not in agreement with the books of accounts of the Company and the details are as follows:
Reasons for above Discrepancies:
As informed by the management, quarterly statements filed with the bank were based on provisional numbers and the difference is mainly on account of reconciliation and valuation.
(g) The Company did not enter transactions in Cryptocurrency or Virtual currency during the during the financial years ended March 31,2024 and March 31,2023.
(h) The company does not have any relationship with companies struck off (as defined by Companies Act, 2013) and did not enter into transactions with any such company during the financial years ended March 31,2024 and March 31,2023.
41 Previous years' figures have been regrouped / reclassified to conform to current years' classification.