Provisions, contingent liabilites and contingent assets

A provision is recognized when the company has a present obligation as a result of past events and it is probable that an outflow of resources will be
required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to their present value and are
determined based on best estimate require to settle the obligation at the balance sheet date. These are reviewed at each Balance sheet date and adjusted
to reflect the current best estimates. Contingent liability is disclosed by way of notes to account. Contingent assets are not recognized.

3.2 Rights, preferences and restrictions attached to shares

Equity Shares: The Company has one class of equity shares. Each shareholder is eligible for one vote per share held. In the event of liquidation, the
equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their
shareholding.

(a) Current ratio: The change is primarily attributable to an increase in current liabilities.

(b) Debt-equity ratio: The change is due to the absence of any outstanding long-term debt during the year.

(d)Debt service coverage ratio: The change is attributable to the issue of share capital in the previous year (PY).

(f) Return on equity ratio: The change is mainly due an increase in sales.

(g) Trade receivables turnover ratio: The change is attributable to an increase in trade payables.

(h) Net capital turnover ratio: The increase is primarily due to higher sales during the year.

33 Other statutory disclosures as per the Companies Act, 2013

The Company does not have anything to report in respect of the following:

• Benami properties

• Trading or investment in crypto or virtual currency

• Giving/receiving of any loan or advance or funds with the understanding that the recipient shall lend, invest, provide security or guarantee on behalf
of the Company/funding party

• Transactions not recorded in books that were surrendered or disclosed as income during income-tax assessment

• Charges or satisfaction not registered with ROC beyond statutory period

• Title deeds in respect of freehold immovable properties not being held in the name of the Company.

• Transactions with struck-off companies

• Non-compliance with number of layers as prescribed under the Companies Act, 2013, read with Companies (Restriction on number of Layers) Rules, 2017.

• Wilful Defaulter by any bank or financial institution or other lender.

• Security of Current Assets against borrowings as the company has not borrowed money from bank.

34 Regrouping

Previous year’s figures have been re-grouped, re-classified and re-arranged whenever necessary.

35 MSME

The Company has received intimation from “Suppliers” regarding their status under Micro, Small and Medium Enterprise Development Act, 2006, and
hence, disclosures, if any, relating to amount unpaid as at the period end as required under the act has been given. The interest has not been provided as
per the explanation provided by the management after confirmation letters from the parties that no interest is payable.

36 Employee Benefits

Disclosure requirement as required by the AS-15 (Revised 2005), Employee Benefits are not given in view of non-availability of the required information
with the company.