k. Provisions

A provision is recognized when the company has a present obligation 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. Provisions are not discounted to their present value and are determined based
on the best estimate required to settle the obligation at the reporting date. These
estimates are reviewed at each reporting date and adjusted to reflect the current best
estimates.

Where the company expects some or all of a provision to be reimbursed, for example
under an insurance contract, the reimbursement is recognized as a separate asset but
only when the reimbursement is virtually certain. The expense relating to any provision
is presented in the statement of profit and loss net of any reimbursement.

l. Contingent liabilities

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 recognized
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 recognized because it cannot be measured reliably. The company
does not recognize a contingent liability but discloses its existence in the financial
statements.

m. Employee Benefits

The costs of providing pensions and other postemployment benefits are charged to the
Statement of Profit and Loss in accordance with AS 15 'Employee benefits’ over the period
during which benefit is derived from the employees' services. As informed by the
members of the suspended board, there are no employees currently on the payroll of
RPBL.

n. Trade Receivables

According to Accounting Standards, which requires expected lifetime losses to be
recognized from initial recognition of such receivables. However, the trade receivables
are mentioned as per the last financial statement and revaluation has not been made
because of the reason mentioned in the note k above.

o. Segment Reporting

The Company has only one reportable segment viz, Manufacturing as per AS 17 -
Operating Segment.

Other Notes forming part of Financial Statement

(i) As mentioned in Note 37 of the financial statements, the members of the
Erstwhile Board of Directors have not provided necessary cooperation.
Hence it is not possible to determine whether the Company has balance
outstanding in respect of transactions done with the Companies Struck-off

either under section 248 of the Act or under section 560 of Companies Act,
2013 or not

(ii) No undisclosed income has been voluntarily disclosed under any scheme
identified by income-tax authorities under any tax assessments under the
Income Tax Act.

(iii) The company has compiled with the number of layers prescribed under
clause (87) of section 2 of the Act read with Companies (Restriction on
number of Layers) Rules, 2017.

(iv) The company has neither traded nor invested in crypto currency during the
year.

(v) No proceedings have been initiated or pending against the group for
holding any benami property under the Benami Transactions (Prohibition)
Act, 1988 (45 of 1988).

(vi) The company does not have any charges or satisfaction which is yet to be
registered with ROC beyond the statutory period.

(vii) as mentioned in Note 37 of the financial statements, the members of the
Erstwhile Board of Directors have not provided the required cooperation,
so it is not possible to determine the promoter's shareholding which is
otherwise available in Transaction Report Analysis.

(viii) The Company has immovable Property in the Form of Land and Factory
Building.

Note:

(I) Formula used for calculation :

(a) Current Ratio = Current assets / (Current liabilities - Current maturities of long term borrowings)

(b) Gross Debt / Equity Ratio = (Non-current borrowings Current borrowings Non-current lease liabilities Current lease liabilities) / Total
equity

(c) Net Debt / Equity Ratio = Net debt / Total equity

Net Debt = (Non-current borrowings Current borrowings Non-current lease liabilities Current lease liabilities - (Cash, cash
equivalents and Other bank balances Margin money (non-current) Investment in Quoted Mutual Funds Amount held as margin
money against borrowings))

(d) Debt Service Coverage Ratio (DSCR) = EBITDA / (Interest paid Other finance charges paid Principal repayments of long-term
borrowings Payment of lease liabilities)

(e) Return of Equity (RoE) = Net profit after taxes / Average Equity

(f) Inventory turnover ratio = Revenue from operations / Average Inventories

(g) Debtors turnover ratio = Revenue from operations / Average Trade and unbilled receivables

(h) Trade payables turnover ratio = Total expenses excluding Employee benefit expenses / Average Trade payables

(i) Net capital turnover ratio = Revenue from operations / Working capital where Working capital = Current Assets - (Current liabilities -
Current maturities of long term borrowings)

(j) Net profit ratio = Net Profit / (Loss) after taxes / Total income

(k) Return on capital employed (ROCE) = (Profit / (Loss) before tax Finance costs Depreciation on Right-of-use assets) / (Total Equity -

Intangible Assets - Intangible Assets under development Net Debt)

(l) Return on investment (ROI) = Income generared from investments /Time weighted average Investments
(II) Reason for variances:

(m) Varience in Return on Equity (ROE) ratio due to previous years loss on exceptional items.

(n) Varience in Return on capital employed (ROCE) ratio due to previous years loss on exceptional items.