A contingent liability exists when there is a possible but not probable obligation, or a present obligation that
may, but probably will not, require an outflow of resources, or a present obligation whose amount cannot be
estimated reliably. Contingent liabilities do not warrant provisions, but are disclosed unless the possibility of
outflow of resources is remote. Contingent assets are neither recognized nor disclosed in the financial
statements. However, contingent assets are assessed continually and if it is virtually certain that an inflow of
economic benefits will arise, the asset and related income are recognized in the period in which the change
occurs.
Cash & Cash Equivalents as indicated in the Cash Flow Statement comprise Cash on Hand, Cash at Bank and
Forex in Hand.
Borrowing Costs:
Borrowing cost includes interest, and other ancillary costs incurred in connection with the arrangement of
borrowings and are charged to revenue. Borrowing costs that are attributable to the acquisition or construction
of qualifying assets are capitalized as part of the cost of such assets. A qualifying asset is one that necessarily
takes a substantial period of
time to get ready for its intended use. All other borrowing costs are charged to the Statement of Profit and Loss
in the period in which they are incurred.
Accounting for Government Grants:
The Company has not received any subsidy during the year.
Accounting for Amalgamation:
The company has not entered into any amalgamation contract in the financial year.
Leases:
There are no leases operating within the company.
Financial Reporting of Interests in Joint Ventures:
This Standard is not applicable in case of the Company as the Company has not entered into any Joint Venture.
Disclosure of contingencies if any as required by the accounting standard is furnished in the Notes on accounts.
Related Party Disclosures:
Details of related parties and transaction are disclosed in Note-27 of the Financial Statements.
Discontinuing Operations:
This Standard is not applicable to our Company since the Company has not discontinued any operations during
the year.
Previous Year Figures have been regrouped or rearranged wherever considered necessary.
Balances of Sundry Debtors, Loan & Advances and Sundry Creditors are subject to confirmation and
reconciliation (if any).
The Company has utilized the borrowings received from banks and financial instutions for the purpose for
which it was taken during the year.
In the opinion of the Board of Directors, the current assets, loans and advances are approximately of the value
stated if realized in the ordinary course of business. The provision for depreciation and for all known liabilities
are adequate and not in excess of the amount reasonably necessary.
Place: Kolkata
Date: 27.06.2025
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