Provision and Deferred Tax :
The Provision for current tax is made after taking into consideration benefits admissible
under the provisions of the Income Tax Act, 1961.
Deferred Tax resulting from "timings difference" between book and taxable profit is
accounted for using the tax rates and laws that have been enacted or substantially enacted
as on the Balance Sheet date. The Deferred Tax Asset is recognized and carried forward only
to the extent that there is a reasonable certainty that the assets will be realized in future.
Contingencies:
These are disclosed by way of notes on the Balance sheet. Provisions is made in the
accounts in respect of those contingencies which are likely to materialize into liabilities after
the year end , till the finalization of accounts and material effect on the position stated in the
Balance Sheet .
NOTE-20 OTHER NOTES ON ACCOUNTS
i Based on the information / documents available with the Company, no creditor is covered under Micro, Small and Medium
Enterprise Development Act, 2006. As a result, no interest provision/payments have been made by the Company to such
creditors for the year ended 31st March 2025.
ii Loans & advances balances are subject to confirmation by the respective parties .
iii Segment Report :
The Company is engaged in the business of Non-Banking Financial Services and there are no separate reportable segments
as per Accounting Standard 17.
iv Related Party Disclosure :
KEY MANAGEMENT PERSONNEL ( KMP )
1. Sagar Mal Nahata - Managing Director
2. Shradha Handa - Company Secretary
vi The Company has Complied this information based on the current information in its possession. As at 31.03.2025, No
supplier has intimated the Company about its status as a Micro or Small enterprise or its Registration with the appropriate
authority under Micro, Small and Medium Enterprise Development Act, 2006.
Amount due to Micro Small and Medium Enterises as on 31.03.2025 Rs. NIL ( PY Rs. NIL )
vii The Financial Statements and Notes on Accounts has been prepared as per the Companies Act, 2013 with
their Schedule as the same is effective from 1st April, 2021.
viii Effective from 1st April, 2014, the Company has charged depreciation based on the useful life of the assets as per the
requirement of Schedule II of the Companies Act, 2013. It has recomputed the depreciation on various fixed assets in
accordance with and in the manner prescribed with Part C of Schedule II of the Companies Act, 2013.
ix Provision for taxation on Income for the year has been made under the tax calculated on income under normal computation
as per income tax act being higher than the tax computed under section 115JB of the income tax act.
x The management has assessed that there is no impairment of Fixed assets requiring provisions in the accounts. Accordingly,
there is no debit to the Profit & Loss Account for the impairment of assets.
xi Deferred Taxation :
The company will recogonise the deferred tax liabilities/assets on the timing differences for the period in which there is virtual
certainty of future income by way of prudence in accordance with AS-22 " Accounting For Taxes On Income " issued by the
Institute of Chartered Accountants of India.
xii No Provision has been made on account of gratuity as none of the employees have put in completed years of
Service as required by the payment of Gratuity Act.
xiii The Leave Salary for the Financial Year 2023-2024 has been paid to the employees during the Financial Year
2024-2025.
xiv Previous Year figures have been regrouped, rearranged or recasted wherever considered necessary.
xv Informations required to be furnished under Reserve Bank Directions is given in separate Annexure.
For and on behalf of the Board of Directors In terms of our report of even date
BERIWAL & ASSOCIATES
sd/- Sagar Mal Nahata, din.00307611 (MD) ( Chartered Accountants )
sd/- Sandip Kumar Bej, din.02738193 (Director)
sd/- Sujit Kumar Panda, din.06873319 (Director)
sd/ Rishi Kant Tiwari, din 08029578(Director)
( SUNIL BERIWAL )
Place: Kolkata (Proprietor )
Date: 28.05.2025 M.No : 055302
Firm Registration No : 327762E
UDIN NO. 25055302BMUBVR2521
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