SEGMENT REPORTING:
The Company is primarily dealing in Real estate activities with own or leased property & Construction Business, however during the year turnover are of trading / commission nature which in the context of Accounting Standard 17 on "‘Segment Reporting” constitutes a construction & trading of goods reporting segment but details not available. Further, there are no geographical segments. However, there were no operating income as per main object.
EMPLOYEE BENEFIT EXPENCES:
Provident Funds and Employees State Insurance Fund (Defined Contribution Schemes) are administered by Central Government of India and contribution to the said funds are charges to Profit and Loss Account or accrual basis if any. Their were no such scheme.
Leave encashment (Defined Benefit Scheme) is provided annually based on management estimates in accordance with the policies of the company if any.
The Provision of Gratuity is Rs. Nil.
6. Any material gains/ losses which arise from the events or transaction which are Events Occurring after the Balance Sheet Date of the company are separately disclosed if any.
9. As certified by company that it has received written representation from all the directors. That companies is which they are directors had not defaulted in terms of section 164(2) of the Companies Act, 2013, and that representations of directors takes in Board that Director is disqualified from being appointed as director of the company.
10. The management lias informed that the Company has not received any memorandum (as required to be filled by the suppliers with the notified authority under Micro, Small and Medium Enterprise Development Act, 2006) claiming their status during the year as micro, small or medium enterprises. Consequently there are no amounts paid/ payable to such parties during the year.
11. Expenditure in foreign currency is Rs NIL/-.
12. Export Sales in foreign currency is Rs. NIL/- (In Indian Rupees).
13. There is No Any Amalgamation or Acquisition with Other Company / Firm / Entity by the company during the financial year.
14. As inform to us the company has made business investment of Rs.9.33crores (FY 2022-23 Rs8.43erores) with 3 parties which are outstanding in balances sheet are subject to verification of progress report. We are unable to justify whether said investments are fully recoverable or not.
15. The company has Not received any type of Government Grants or Subsidies.
16. The company did not enter into any Lease Agreement.
18. No segment or part of company is discontinued or sold during the year.
19. Previous year figures have been regrouped /rearranged wherever necessary to correspond with the current year's classifications/disclosure.
20. Particulars of licensed capacity or production capacity is Nil/- of the company.
21. The company is engaged primarily in construction business, trading & commission agent. As per AS-108 Operating Segment, none of the segment/products exceeds specified limits for the purpose of reporting as per AS-108 is not applicable.
22. Deferred Tax Asset amounting to NIL/- has been created with respect to fixed assets considering the prudence aspect.
23. Audit committee minutes produced before us.
24. The turnover with GST is sub ject to verification of reconsilation.
25. All of the Debit, ( redit, Balances including, Loans & advances, investment lying in various party’s Customer’s accounts are subject to their balance confirmation as details not produced before us. Even though we ask for the same.
26. As inform to us by the management there were no Crypto currency or virtual currency transaction.
27. As inform to us by the management there were no new registration of charges with ROC except old charges continue.
28. As inform to us by the management there were no details of benami property held.
29. Computation of ratio attach herewith.
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