xl) Provision :

A provision in icoognutcd when the company ho* a present obligation »a n
renuJt of post event, il in probable that an outflow nf rvsmmrcn embodying
economic benefit* will br required to settle the obligation and .1 reliable
estimate cun be mndr of the amount of the oblifluiuin. Piwuuuns me not:
discounted to their present value and are determined hissed un torsi
management estimate required to settle the obligation at th< balance sheet
dale. These arc reviewed at each balance sheet duir and adjusted to reflect the
current best management cstimatr*

xii) Taxes on Income :

Tax expense comprise* of current and deferred tax Current (mxitrii: *.u iti
measured at the amount expeeted ui be paid in the tux .lulhonur* in
accordance with the Income Tux Act. 1961 enacted in India t in tux m(c and
tax Laws uwxJ to compute ilic amount arc tlxiK that arc enacted or
substantially mucted. at the reporting date

Deferred tux reflect* tl\c impact of current pcncid timing dilfrrem between
taxable income and accounting income for the period and reversal of timing
differences of earlier years. Inferred tux in rocoNurcd bused on the tax rates
and llic tax Laws enacted or substantively enacted ut the hula nit sheet date
The drferred titx asset :t« recuRznxed and earned forward cml> tn the extroi that
there is u reasonable or virtual certainty us the ruse mav tn:, that si » .ssei will
be reduced m future.

xlil) Con! indent Liabilities :

A contingent liability ill a pontdblc obligat um that arm-#/iom punt own'* whoM
existence will be confirmed by the occurrence or non <x i urrmcc nf one or man
uncertain future rwnta beyond the control of I he company or a present
obligation thut :* noi recognized because n is nul probable (but an outflow of
resources will be required to settle the obligation A crmtlngpnt liability uiao
urisch in extremely rnre ease* where there ;n .» liability that ’aennot rx-
recognized because h cunnot ire measured reliably The coropuny does not
recognize n contingent liability but discloses its existence in the financial
statement

xiv) Operating cycle for current and non-current classification:

All assets rtnd luibilitir* arc classified us current and nun-current as iwr the
normul operating cycle of the Company Hased on the nature of service*
rendered to live vustomcra and time elapsed between rlcplnymem oi n source*
nml realization in cash and cash equivalent of the cottnidemtion thereto f the
Company ban ennui dered un operating cycle of 12 mimth*. The clavtUU.titan
has been mjide based on the Management's perception about reftii-m tat try time
line in runjicct of such unset*

xv) Corporate social reaporisibilitys

As per Section 135 of the Companies Art, 2013, a company, tnrrting the
applicability threshold, needs U> spend ul lean? 2% of Us .»v»t»rc tie? pruftt tot
the immediately preceding three financiui year* un corporate social
responsibility (CSK) activities The arc,is for CSR activities are eradication ttf
hunger and malnutrition, promoting edheauim. an lincl culture. healthcare,
destitute care ond rrhabtiitotum. environment uusUtnability dnui iUJ? rclicl
and rural development projects. A CSK conimiiicc has been formed by he
Company as per the Act

xvi) Segment accounting:

The company is engaged in single segment nf business l.r manufacturing and
trading in Copper related products As regard* geographical m*mcnl company
operate* in single segment i.c India only. IJcner the management hms not
identified any reportable segment.

xvll) Related party disclosure:

The disclosure in irwpcct of the related pu/ticx tind dlai lostin* m crajxxt of
transactions mode durum the period along wth the detail* of transittiont.
giving name of the related party, nature of rchitlun, nature of trail*:mama,
volume of transactions. have been given in Ihc notes farming part of financial
statement*. The disclosure* in that respect made by tbr manngnncni lim*
been relied upon b> the Auditors

xviii) Prior period items:

Materials items of income or expenditure pertaining to one »ir mote prior
periods have been disclosed m the financial statement* in a manner that their
impact on the current profit or loss can be perceived.

xix) Investments:

hong Term investment* are Mated at o>M at acquisition

Shan term investment arc stated at lower «f tost or it* fair market value us
on the Balance Sheet date

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’^=ⁱ' Data. 061b Scp««tuber.303<»

Place: Atimadabad