1.15 Provisions

A provision is recognised when the Company has a present obligation (legal or constructive) as a result of past event, it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. These estimates are reviewed
at each reporting date and adjusted to reflect the current best estimates.

1.16 Contingent Liabilities and Contingent Assets

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. The Company does not recognize a contingent liability but discloses its existence in the financial statements unless the probability of outflow of
resources is remote.

1.17 Impairment of property, plant and equipment

At each balance sheet date, the Company reviews the carrying amount of assets to determine whether there is an indication that those assets have suffered impairment
loss. If any such indication exists, the recoverable amount of assets is estimated in order to determine the extent of impairment loss. The recoverable amount is higher
of the net selling price and value in use, determined by discounting the estimated future cash flows expected from the continuing use of the asset to their present value.

1.18 Current and Non-current Classification

All assets and liabilities have been classified as current and non-current as per the Company's normal operating cyde (Twelve months) and other criteria set out in
Schedule III to the Act

2 3 Terms/Rights of Shareholders

The Company has only one class of shares referred to as equity shares having a par value of Rs.10/- per share.

Each holder of equity share is entitled to one vote per share. The Company declares and pays dividends in Indian rupees.

The dividend proposed by the Board of Directors is subject to the approval of the shareholders in ensuing Annual General Meeting.
In the event of the liquidation of the Company, the holder of equity share will be entitled to receive any of the remaining
assets of the Company after distribution of all preferntial amounts. The distribution will be in proportion of the number of the
equity shares held by the equity shareholders

12 OTHER NOTES
12-1 Segment Reporbng-

The Company operates In one business segment of trading. As such, there are no separate

raport<*te business segments as per Accounting Standard, AS17 Segment Reporting, as prescribed by the Rules.

12.2 Related party Disclosure

As per Accounting Standard (AS 18) on 'Related Party Disclosure', the related parties are as under :

During the current year, following transaction has been carried out with the related parties
Loan from Director igH

12J Previous yaar figures have been regrouped, end reclassified wherever considered

nwMiary to conform to current year’s classification

As per our Report of even date.

For LK Ajmera & Associates For and an behalf of Board of Directors

Chartered Accountants Checkpoint Trends Limited

FRN. 137051W (Formerly known as Rubra Medicaments Limited)

- (lfu > Abha Kapoor Gopal Kumar Sahu

Lalrt Kumar Ajmera . Director Director

Proprietor ^ DIN: 02799429 DIN: 08478039

Membership No.156116
Mumbai

Date: May25,2024