1.12 Provisions and contingent liabilities
The company recognizes a provision when there is
a present obligation as a result of a past event that
probably requires an outflow of resources and a reliable
estimate can be made of the amount of the obligation. A
disclosure for a contingent liability is made when there is
a present obligation that cannot be estimated reliably or
a possible or present obligation that may, but probably
will not, require and outflow of resources. Where there
is a possible obligation or a present obligation that the
likelihood of outflow of resources is remote, no provision
or disclosure is made.
1.13 Earning Per Share
Earning per share are calculated by dividing the net
profit or loss after taxes for the period attributable to
equity shareholders by the weighted average number
of equity shares outstanding during the period.
For the purpose of calculating, diluted earnings per share,
the net profit/ (loss) for the year attributable to equity
shareholders and weighted average number of shares
outstanding during the year are adjusted for the effects
of dilutive potential equity shares.
1.14 Cash Flow Statement
Cash flows are reported using the indirect method,
whereby profit / (loss) before extraordinary items and tax
is adjusted for the effects of transactions of non-cash
nature and any deferrals or accruals of past or future cash
receipts or payments. The cash flows from operating,
investing and financing activities of the Company are
segregated based on the available information.
1. During the year, company has made preferential allotment of equity shares of '10 each at premium of ' 116
2 Previous year ended March 31,2023, the Company has issued 40,40,000 shares of ' 10 each at a premium of ' 68 Each
(c) The Company has only one class of equity shares having a par value of ' 10/- per share. Each holder of equity shares is
entitled to one vote per share. The holders of Equity Shares are entitled to receive dividends as declared from time to time.
The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General
Vehicle loans
Loans against vehicles are secured against hypothecation of vehicles against which loans are taken.
Loans are guaranteed by the Managing Director and Wholetime Director
Rate of Interest: 9%
(Previous years include Term Loan from Apna Sahakari Co - Operative Bank ltd
Primary :- First charge by way of mortgage & hypothecation of following immovable fixed assets:
a) Land & buildlng situated at Plot No.22/2 MIDC Ind. Area, Taloja, Taluka Panvel, Dist - Raigad.
b) Land & building situated on Plot No. T-5/1 MIDC Ind. Area, Taloja, Taluka Panvel, Dist - Raigad.)
Term Loan with NKGSB Bank - Company has been sanctioned Term loan of ' 25.8 crore during the year for acuqisition of new businesses, which
has been availed in April 2025 against the following security:
Primary :- Extension of first charge on Land & building situated at Plot no.K-7 Additional MIDC Mahad, Dist Raigad & hypothecation of movable
fixed asset at K7, Mahad
Collateral :- First charge by way of hypothecation on fixed assets of the company includes:
a) Land & building situated at Plot No.22/2 MIDC Ind. Area, Taloja, Taluka Panvel, Dist Raigad.
b) Land & building situated on Plot No. T-5/1 MIDC Ind. Area, Taloja, Taluka Panvel, Dist - Raigad.
Rate of Interest: 9%
Loan is guaranteed by the Managing Director and Wholetime Director
Notes
a. Secondary segments identified are as per the requirements of Accounting Standard AS-17 'Segment Reporting' issued by
The Institute of Chartered Accountancy of India, taking into account the organization structure as well as the differing risks
and returns
b. The segment revenue, results and total assets include the revenue and assets respectively, which are identifiable with each
segment and amounts allocated to the segments on a reasonable basis
42. First time adoption of Ind AS:
As stated in note 2, these are the Company's first standalone financial statements prepared in accordance with Ind AS. For the
year ended 31st March, 2024, the Company had prepared its Standalone Financial Statements in accordance with Companies
(Accounting Standard) Rules, 2006, notified under Section 133 of the Act and other relevant provisions of the then Act ('previous
GAAP').
The accounting policies set out in note 2 have been applied in preparing the Standalone Financial Statements for the year ended
31st March, 2015, the comparative information presented in these financial statements for the year ended 31st March, 2014 and
the opening Ind AS Balance Sheet as at 1st April, 2023 (the Company's date of transition)
In preparing its opening Standalone Ind AS Balance Sheet as at 1st April, 2013 and in presenting the comparative information for
the year ended 31st March, 2024, the Company has adjusted amounts reported previously in Standalone. Financial Statements
prepared in accordance with previous GAAP This note explains the principal adjustments made by the Company in restating its
Standalone Financial Statements prepared in accordance with previous GAAP and how the transition from previous GAAP to Ind
AS has affected the Company's financial position, financial performance and cash flows
43. Reconciliations between previous GAAP and Ind AS
a. The reconciliation of Other Equity reported in accordance with the previous GAAP to other equity as per Ind AS, as at 31st
March, 2024 and 31st March, 2025 is as follows:
c. Impact of Ind AS adoption on the statements of cash flows for the year ended 31st March 2025: There were no material
differences between the Statement of Cash Flows presented under Ind AS and the Previous GAAP
44. Immovable Property Not Held In Company's Name
The company does not hold any immovable property(other than properties where the company is the lessee and the lease
agreement are duly executed in favour of the lessee) whose title deeds are not held in the name of the company and where
such immovable property is jointly held with others.
45. Details Of Benami Property
The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company
for holding any Benami property
46. Registration Of Charges or Satisfaction with Registrar of Companies
The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.
47. Undisclosed Income
The Company does not have any transaction which is not recorded in the books of accounts that has been surrendered or
disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or
any other relevant provisions of the Income Tax Act, 1961).
48. Details of Crypto / Virtual Currency
The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year
49. Transactions with companies struck off
The Company does not have any transactions with companies struck off.
50. Previous year figures have been regrouped / reclassified as considered necessary to conform with current
period presentation wherever applicable.
As per our report of even date attached
For Choudhary Choudhary & Co For and on Behalf of the Board of Directors of
Chartered Accountants Ducol Organics and Colours Limited
Firm Regn No. 002910C
Alok Kumar Mishra Aamer Ahmed Farid Hani Ahmed Farid
Partner Managing Director Whole-time Director
M. No. 124184 DIN : 00711705 DIN : 00711968
UDIN No: 25124184BMIADZ2702
Rehmat Shaikh Sabina Qureshi
Chief Financial Officer Company Secretary
M. No. 65859
Place: Mumbai Place: Mumbai
Dated: 21.05.2025 Dated: 21.05.2025
|