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NOTES TO ACCOUNTS

CRP Risk Management Ltd.

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 10.81 Cr. P/BV 0.18 Book Value (₹) 34.65
52 Week High/Low (₹) 23/6 FV/ML 10/2000 P/E(X) 0.00
Bookclosure 04/09/2024 EPS (₹) 0.00 Div Yield (%) 0.00
Year End :2025-03 

32. Employee benefits:

a) Defined contribution Plans:-

Retirement benefits in the form of provident fund (where contributed to the regional PF Commissioner) are a defined contribution scheme. The contribution to the provident fund is not applicable to the Company.

33. Leases: -

a) The company has one office premises under operating lease that are renewable on a periodic basis at the option of both the lessor and lessee.

b) There is no minimum lease payment as per the operation lease under non -cancellable lease term.

The company has not been regular in depositing the above statutory dues with the appropriate authorities.

35. Contingent liabilities not provided in respect of:-

a) Disputed TDS demand of Rs 76,37,460/- against which company will preferred an appeal / Rectification within allowable time, management is of opinion that the demand is likely to be either deleted or substantially reduced accordingly no provision has been made.

b) As informed by management there is no litigation pending against the Company which has bearing on financial status of the Company.

c) Income tax related cases of past years. The details of the same have also been specified in the CARO report, for the period under audit.

d) Disputed Service Tax demand of Rs. 5,49,71,708/- against which company has already filed an appeal with CESTAT - Mumbai (Custom, Excise and Service Tax Appellate Tribunal, Mumbai).

36. Corporate Social Responsibility (CSR)

The company doesn't require to spend any CSR amount as per Section 135 of the companies Act, 2013 read with Schedule VII. The average profit preceding 3 years are negative and thus company doesn't not make any provision.

37. The company has given advances of Rs. 8,95,89,068/- to its suppliers since year and during the year there is no settlement of advances paid to suppliers.

38. There have been delays in payment to some suppliers and service providers. The management has expressed that this has been done to manage working capital flows better, as there are delays in receipt of payments from clients as well.

39. In the opinion of the management, current assets, loans, advances and deposits are approximately of the value stated, if realized in the ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

40. Additional information pursuant to Schedule III of the Companies Act, 2013 has not been furnished as the same is either Nil or not applicable.

41. There is no impairment loss on fixed assets on the basis of review carried out by the Management in accordance with Accounting Standard (AS)-28 "Impairment of Assets".

42. Previous year's figures have been reclassified/regrouped, wherever necessary to make the same comparable with the current year's figures.

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