22 CONTINGENT LIABILITY
A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the company or a present obligation that is not recognised because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognised because it cannot be measured reliably.
' in Lakhs
Particulars
As at
31.03.2025
31.03.2024
Disputed Income Tax demands
55.47
23
Details of MSME outstanding and interest included
As at 31.03.2025
As at 31.03.2024
in trade payables as follows
Principal
Interest
Amount (Rs)
1.
Interest & principal amount paid beyond due date
-
2.
Interest & principal outstanding at year end
3.00
0.53
1.87
3.
Interest due for principal paid beyond due date
4.
Bal. Interest accrued for principal unpaid
0.23
5.
Status of Interest upto Reporting date
24
Trade payable & Trade receivable and advance balances are subject to confirmation and subsequent reconciliation, if any.
25 The aggregate Bank balance of Rs. 0.29 lakhs lying with Union bank of India Chennai and Vishkapatnam branch are in nonoperative state since past many years and subject to confirmation.
26 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.
1. Debt Service Coverage Ratio is not applicable as there is no interest paid on debt.
2. Inventory turnover ratio, Trade receivables ratio and Net capital turnover ratio are not applicable as there is no turnover.
3. Net Profit Ratio is not applicable as there is no revenue from operations.
4. Return on Investment ratio is not applicable as there is no investment.
(a) Decrease in Trade Payables has resulted in an improvement in this ratio.
(b) Increase in capital employed has resulted in a decline in this ratio.