Orectcr

·'~ , \.1. -~ - r..) ,

. Ch(i.ttend · I_ : I'- .. * .\cctnin'tants * I

~11'\ly

:-:: re ctor

For and behalf of tho board

/ .-, ....... ]

/~.)/h~

59908546 51739574 559937

1:1S1334

1197195

48597505 33603

1495473

12CCO 588595

-!522959

4:·32344'.J 907,:)4

:;.374375

51739574 59908546

1694437

23561162 1133189 960000

25794350 · 1403564

53, 60.)0 3'3783C5

22356237 527528

AS AT 31.03.2018

AS AT 31.03.2019

Place: Kolkata Doto: The 30th day of July. 2019

In terms of our report of oven date attached For D. Banka & Co. Chart("t~ountants Roi;fstratio~ 7. 317139E

·:. ,«. ~, ,_,__/ c - (C,, ~~ ~K.11) l

Pro_p_r::1___0JQ! Membership No. 053319 UDIN: 19053319AAAACR1091

Tile »ccompanytnq notes 1 to 18 form an integral part of the financial statements.

TOTAL 11

TOTAL

63

3 4

5

2

NOTE NO.

Other Current Assets 3

~urront Assets 2.r :'r.-i:je Rece,vab:es

Cash and 3.:1:".k Baance s

AS~_..rs 1. Non.Current assets

a 1 Fixed Assets 1: Tangible Assets 11 lnta;,q,tle As set

-Hi Capita: ,·,o•"- .n progress • onq Icrrn t.oars ar-d ;\dvances

3. Cu:ront Liabilities 2:i Trade Payables

O!her Current L1;ib ut.es

Non Curront Liabilities ;1 i Long T errn Gorrow.r.gs !>1 r1eterred Tax L:abil;ty c: Other l.onq Term Liab1l1'.;es

2

1. Shareholder's Funds ~) Share Cap.ta: t» Reserves & Surp.us

sQ~ 1 Y AND LIABILITIES

PRAXIS BUSINESS SCHOOL FOUNDATION BAKRAHAT ROAD. RASAPUNJA

24 PARAGANAS (SOUTH) KOLKATA-104 BALANCE SHEET AS AT 31ST MARCH 2019

0 12 (l • 2

(301692) 5(il)OJ3 7

1 SS7~i70 1481062

~~~~~~~~~~2_4~55723 5494755

5760000

YEAR ENDED 31.03.2018

/ .. / , ·,:.. .\..., -, .'\.. ·, ,\ , r , ...... ,. ~

-1{","· ,,.,,.,, -::r \ '- 1·•1\i .: t.11: Is, ~ I

~ I,' J: ;-,: .\ i > / ~~

For and behalf of tho board

0 • 1

342017

11736328 23497249

23233596

YEAR ENDED 31 03 2019

·•:ace: Kolkata 0alo: The 301h day of July. 2019

,1: 'f',·:':'".i:;. ct c-u report of ovon date attached for D Banka & Co Ch 1rtcrtH! ·Ace ou ntants -, K<'9,5lralion ~ 317139E.

';!Jv -l< - (CA DEEPAK BAN~AI

eioprietor f,'01nb~rship No 053319 UDIII: 19053319AAAACR1091

T ,0 .}.r.c:mpa:1y1r.3 notes 11018 form an integral part of tho financial statcrnents.

TOTAL EXPENDITURE·

• 4

TOTAL INCOME

NOTE NO.

c ar- :,,s::. 1·or Equity Sharo (Basic) (Diluted)

Surph.JS ! (Deficit) Boforo Tax 1 "x Expenses . cue-ont Tax :Jotorrnd Tax 'i1..JrrylJs I (Oefi:it) for tho period

L.lc;,rf'c•,'1' O'.i & Amo-t S,""1)1nn ·.'-:,'·H,e, r:xr,cr.scs

t:rrr,'·;JPe H,•re4'-: [·,r·-·'.'<;t·,c, ;_· ..- . .1 r ··~" (:,,s~

cxor,ndltur,2 ·

RJ·,cnu., from Operations O!h·p· income

STATEMENT OF INCOME AND EXPENDITURE FOR THE PERIOD 31ST MARCH 2019

PRAXIS BUSINESS SCHOOL FOUNDATION BAKRAHAT ROAD. RASAPUNJA

24 PARAGANAS !SOUTH! KOLKATA-104

124'.€ ii 204.925; , 1 395610; (1 557 970)

(1,242,935) (118,094) i762 739) 967.048

1.351.334 384.287 588,595 1,351,334

65 276 9.824

523.319 1.341 510

588.595 1,351,334

1427.460 1 357.600

(7,672,456)

4 147.002 3.304.277

,,3 740 881) 1.325.414

8 279.949 (425.0_6_7). 8 656 070 4.204.624

533.417 576.000 8,152,652 3,628,624

8.152 652 3.628,624

14 298.081) i2 576 865)

13 374 375:1

33.383

1.557. 97C ~ 395_G1C

1.481.062 3015.045

265.245 ,263553'

Place: Kolkata Date: The 30th day of July, 2019

* ~,,,,)~\\ ·- -

-, ---- -

For D. Banka & Co. Chartefe-cl~ountants

qogis<r:~ o. 3~~3:/( L

(CA D~/;~KA) 0ropriotor

Membership No. 053319 UDIN:19053319AAAACR1091

8) Cash Flow from Investing Act,vit,os Purcnase of fixed assets Sale of lixed assets ~,1ovement in Capita! V,iJP Sale of investment { net ) lntercorpcrate deposits Payables for capital gccds Movement in loans ar.d advancesrother tr-an advance tax Interest received Profit I (toss) on sale of mvcstrnents & d.v.cenc Net Cash from/(usod in) Investing Activities C) Cash Flow from Financing Activities Proceeds from Issue of Shares Short term secured loan Repayment of snare apohcation money Short tern, unsecured loan Proceeds from unseci.rec 'can Repayment of long term roan Interest and financing charges Jiv1dend & dividend tax paid Not Cash from/(usod in) Financing Activities Not Decrease I increase in Cash & Cash Equivalents Cash & Cash Equrva'ents at the beg,rn'ng of the yea, Cosh & Cash Equivalents at tho end of the year Notes to cash flow statement for tho year ondod March 31, 2019 1. Cash and cash oquivalonts include tho following balance sheet amounts Cash in hand Cheques ,n hand Balances with banks - In Current Accounts · In Deposit Accounts.

A) Cash flow from operating act1v1t1es ~Jet profit before tax and extra ordinary items Adjustmonts for Deprecraticn and arnort.saton expense wuhdrawa: of assets on account of fire r: rnance Costs interest Income O:v1dend income from lorg term mvestrnents tJ1v1dend income trom short term mvestrnents 1:Profit)tloss on sale of Fixed Assets/Assets 01sca~ded,\\'r:::en Off Net (gain)/ loss on sale of current .nvestrncr-ts Net gain on sa'e of long term investments Oporating profit boforo working capital changes Adjustmonts for changos in working capital Trade receivables. loans and advances and other assets lnvcntones Trade payables other l1abll1t1es and provisions Cash gonoratod from operations Tax paid (ne:I Not Cash before extraordinary items Loss incurred on account of fire

Particulars ,...__For tr,e year ended F-or the rear ended 31-Mar-19 31-M.tr-18 ..

P!:AXIS BUSINESS SCHOOL FOUNDATION Cash Flow Statomont for the year ended March 31. 2019

j, \ l ' ,,, /

r·,., ,·d

'._ ' 1 (,I i.411 :-?I j l I -,

·'\r ~\';,

. '. \.

4 <3 f, 2,

----~---·--------------,------ ~ As at 31st March. 2019 As at 31st March. 2018 ------- ·----~------'-"--,,'--=--

! Pa ~;cula_r_,__________ No of Sharos ~_·_,_o_f_H_o_l_d_in~g~_N_o_o_l_S_h_a_re_s_l •._,_o_f_H_o_l_d_in~g~--__,1

'.ti~j; -;,, the Shareholders I __ ::~.1Sl€'r1:11."2_Rc:,·:-r.:,::,,:,f.--.,: .!·! ;.:},~_;·~ :;~:.-:-: :4'.··-:,-:· 944~, r - 2· _J C!1a·;~_!2Fff't·l S- .. -r~-1-, -::_-::.-::.-::.-::.-_-_-::~-=--=--=--=--=--=------: ,_-. L_- ;>. _ ~,

As at 31st March, 2018

~9_Tt:_: 18 : Equity sro-es held by tho Holding Company or tnurnato Holding Company. including sharos hold by Subsidiaries or Associates of tho Holding Company or the Ultimate Holding Company, in aggregate, arc as below .

:•,,. l·J :Jt~ uf eqc :~· ~.t~Yt:·s ·.,;.In::'. tie,.~!·(•,:::'.:: ie:» ... ,_ .. 1--, :• ;-,e, 't'~'J r'. • ; asse:s :f '.. e ,::.·r;:.-1"'.) a~e· J1~'.t1!:.iut:cn cf a.r prl'!t·'t•'.'.t1al arr.C1un:,. ·11,--. il'T1C:.;n'.s r,--.t11,1 r·r,:; :ta~,- s•·,.1: tJt· g .• e'l :.· '.tJns',··rej :o s-:t: C·'.''.P'.i Co:~.:,a:,y ha"J,'1Q s1111,·.u objects.to te dt•!ermrncd by !hf> n-or-t e- cf :r-.e '."..:0'!1;:.1n, a! er b('L/(' !tic ~1me ;I d1~","'ut1",.'1 or 111 d1•1;1u·: there" by !h,• 1-•·rj" Ccurt o~ .1if"! r:.1!·J'':' l~J~ + a-, c- m3, ac au re;.,~ s.J ct.en 1~ r-c 'TI,11!1••

T9n11s and Rights attached to Equity Shares rt1•.: C: ~pany has only one class of I qt;;!y SllrHes rav:rcq p.n va'ue 01 R~, ~ :1 re· s;J~(' l. 1ch t-r:~er of r qu.tv S!""1rcs 1:. Pr1r11lt•d :o one vo:e r,,·~ -,~1.re

25794350 2519,35 27151950 2715195 . --- ----------------- l - - - - - - -

~S~~ ~t-S_h=ar=e=s=a=l=t=h=o_c_n=d~o=f=th=e~Y=e=a~r~~~~~-

2S~9435 Par.i·:ulars r qu- StlJft'S .Jl It'(• bf']:r,n r.g of t-o Yr-ar '_;)1.1,,;~ issued dunnq lhe year ~;11.1::.:; lcught l:1r,k IJ· . .rng !'"'e peJr

24366690 1427460 i357~J

Amount N_o_o_l_S_h_a_re_s A_m_o_u_n_t _,.I_N_o _o_l_S_h_a_r•_s __ .,_ 25 ~~•435() 1· 2436689 135760G 142746

;-

:m1~1~~ · RECONCILIATION OF ISSUED, SUBSCRIBED & PAID UP EQUITY SHARE CAPITAL

25794350 27151950

24;.;E65SG

lii 1·,,:668c:i Equity Sh.ires of Rs 10·' eac.'l for cons d(·ral en lJ'.fi€'.' :~an r:.1:-.t ;1!:0ttcd lo !he -v-nrct-crocrs of De-ner qec Ccmra-v ,\I~.': Eoucaton P:lv,J!t' t.-o--cc n :1~ .. ~-s 0' S:.t-e ...... f' c '

t , ' a-e s :• ~ ~' •. /, 1':CG cPte, :·,;S ·,f·:i· ·,:;2-.:>: f c. '.1 '.--"J">:'$

' ; y ca.c up

!~"-o, Subscribod and Paid up Sharos

30000000 30000000

!iQI£.:.! · SHARE CAPITAL 6_u..thori$~ _-:e<J>c:c ~~-1:t)" ~"a·e, ~Rs:·:, e.,. ~

AS AT 31.03.2018

AS AT 31 03 2019 -- ---

NOTES ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2019

PRAXIS BUSINESS SCHOOL FOUNDATION BAKRAHAT ROAD. RASAPUNJA

2, PARAGANAS (SOUTH) KOLKATA-104

5233~8 1341510 65276 9824

588595 1351334

1496473 559937

1496473 559937

12000 12C-OO

1197195 4522959

45195 1152000

1337541 1521460 163958

1500:·JO

48631108 49914144

48597505 33603

49323440 90704

1694437 3678385

~ ~,~~~~A & (:~ ,""· , r..J \ ;..·1r·2ern! · \ "- \cc~~i+}~,n(, *)

~~~~,

!'l'Y• c -1-Q_; 9THER CURRENT ASSETS Otbe-s

NOTE -1Q : CURRENT ASSETS Cash and Cash Equivalents On Current Accounts Cash rn hand

No,·:: -9: TPAOE RECEIVABLES (Unsecured Considered good unless otherwise stated) Over Six ~.1onths Others

( ur~secured considered qooc unre ss o-r-crw.se s'.<1:ed, Sec1.m:y Depcs.t Other Loans e. Advances ,1 GST Refundable 11} Advance Income TaxJTOS Receivables 11i) MAT Credit Entitiment

NOTE · S . LONG TERM LOANS ANO ADVANCES

NO~~ -7: FIXED ASSETS a) Tanglblo Assots b) lntanglblo Assots

1154427

33383 320C16 18CG1 ~

5816000 581600)

960000 1440000 1«CCOO

960000

1133189 527520

23561162 22356237

-1403564 -1061547

·1403568 -105155~ 301692

1101876 . '. 403558 342017

4

763257 245~1

, 2 ~ rj 599934

2'5j330

~ 39C63 NCTE - 68 : OTHER CURRENT LIABILITIES

Sundry Cree.tors for Cap.tat [:.:perd1ture Aovanco f~en: rns Payable EPF Payable Protess.onat Tax Payable Other Payables- to Related Partes :Re!er Ncte-151 Other Payables

NOTE-6A : TRADE PAYABLES

NOT':-5: OTHER LONG TERM LIABILITIES Security Deposrt Refundab:e Caution ~1oney

"ll)T~-4: O'cFERREO TAX LIABILITIES (NET)

NOTE-3: LONG TERM BORROWINGS Unsecured Loan

From R!:!laieel Part.es iRefer Note-te:

Total (A)+(B)

B. Surplus in Statement of Income and Expenditure Opening Balance Ado Excess of Income over Exccnr:Mure <:lur:n; tbe ·,e,v Less Excess of Expc-id.iure over inccme c,_r,r.,;; :rr Year

A. Capital resorvo ( as per scheme of Oomorger)

NOTE - 2: RESERVE & SURPLUS

2455723 11736328

1•;2H,5 '2J880 2189

i 32837

41700 10CCOO

16i

303171 40469 63732 31260 24780 22634 32250

805127 144757 826216 131240

500 29587

128P,72 1687()57

42195 657365 305:Y.i

355849 53540 2168<

1146881 420CO

555<95 300':)JJ

2908620 3221800

50469 253C9 6725 2000

1481062 3015045 1481062 3015045

1557970 1395610

7350265

4C45347 80C93

4%125 2767700

411260

34638 69363

3042CO 30C9

5760000 22822336 5760000

21862336 960000

·.___,

: cgal Expenses ?rir:!in"' & Station.nv F:t nJ r'ee~ ir:1rrcs1 & P~nalt~· AurLI Fees ,\:C 1:::: Ch,~rg0.s "ne SJfr:ty Service Fee R~prt1~ & Mu1n*enance- 8c.J,ld,ng f-:er;1:~ f. ',4ai:,lcnance- Otner Fe'ophona C:h;ir'JCS O:h2rs

~g_, c: • "5 : Othr.- Expenses /..Lr:1:s"S101, E>'penses /-d'1t:r11s~m.~r1t Fxper.ses Computer Expenses Hc11~e Y.cep1nn Cbarqes rnsurancc~ :1!Lrnet [.-:r,e:1ses

7r:,v~l'ing Fxper se s ::i1.ilf J..•r.eri:11c~ i,-)cwe~ & F...;cl r.1cc11c;lf Expenses RCi/Jl'y M,:'1'1bcrsl1·p Fee Hust~! Rer.t , Pc'c- rJc:e- · ·~ P1ufess:ona1 S. Ccnsc.'ancy CrJrges R,-:les & Taxes

NOT..l;c 1LQQJ1rvclat1on & Amortisation Deprec:ation

NCTE---.:.._Ll : FINANCE COSTS

.NOl ,:_:_ll : EMPLQYEE BENEFIT EXPENSES 3;1:; 'i Te.1chir1g E I fJr Staff F. Aorrno.stranve Charqes S.ll; ,· Non Teach,ng Reruu.ierm.on to ether F acultv

~JTE-11a : OT~ERINCOME

Interest on IT Refund L1ab1l1tJP.s vvntten Oack F orms Sale Proceeds Others

~OTF:,Lf!:OIIE"UF. FROM OPERATION · .1·t1un ~c:es Rcr,1 Received

\ ' { : .

nas oer hare" as c.ven t:elcw -

I

-c ' AS AT ASAT Particulars 31.03.2019 31.03.2018

1) Profit After Tax 342017 ·301692

,,i Bas.c average number of EQl;;:y snares '

2535586 2508062 ' 'I) V\1e1gh:c<1 average number of equ.tv snares

I

2535586 2508062

,,v) Ncrrur-al value of share I

iO 10

Iv, Basic EPS 1.r~s ) . 13 ·O 12 - 'JI) [),lcited EPS I Rs I r 13 ·O 12 .

N01E • 17 Ear: ,r~gs per share Calculatron of Basic a-o 0:'1.;ted l:ar:.J~]s per Sr a.e as reac.rcd by AS-2:::: dea:1ng on · ca~:1, s

960000 I I

320016

I -5999341

·23561162 ·22356237,

ASAT 31.03.2019

ASAT 31.03.2018

I Security Do posit Rocoivod Arm Education Pvt Ltd

I

Ad,·anco Rent Received A1:11 f:oucation Pvt ltd

fu!l Jty outstanding Aim t:ducation Pv1 ltd

3 Details rcl.-il1nq to parties referred to •n ,:em : 2to1•1:- 1· Particulars

Into Corporato Loan (Payablo)/Roceivables !MS ,_carr:1ng Resources Pvt ltd - Holding Company

13956iG 25:::JDI • i;:.c;;;r -rJ

, .v , v I 2~,::,::,:;01

,«,o·,1 ~ ~· ...- ~ ~

I

5760-:::1 i

Int,. Corporate Loan Reccivod IMS 1.earr,ing Resources Pvt Ltd

I true. est Paid on Loan Inter C rporate Loan Paid IMS Learning Resources Pvt L:d

ROY-i_l~ Aim : 'oucanon P1,t ltd

Ho.:.!ol Rent Paid Aim Education Pvt ltd

Rent Roallsed Aim Education Pvt ltd

I

ASAT 31.03.2018

Particulars ASAT 31.03.2019

2 Tr,e followinc transactions were carr:ea ou: w::o :ce rera:ec oa~,es n :-.e oco,aac. ccvcse of ous.nes s

NOl t: - 16 : RELATED PARTY DISCLOSURE ~e10.20 party oiscrosures as required by ,\S-15 "Rclatec Partv Orsc oscrcs · a-e g:·.cf'l befo-,.. 1 [nterpnses over wh:ch :he xev n··a:iac;;err:e~! perscnne ar-d. c: ::~e · re at.: .. es naves gr,/;::.ant :n~uer::::.e

Arm Education Pvt Lta IMS Learning Resources Pvt Ltd· r-!o,c r~q Comp an',

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~-:.~-;;, (t, c17;,,. ·

' "

Tani:ihll· Fived Assets lixcd .\"eh .irc ,1:11,,I .u ,,,,t ,,fa.:qui-iti,111. 111.:lud111g an: ,,,,t auributahlc tn hri11gi11t!, the as~ct" to it" \\1.1rki11~ (l1t1diti..111 le:~, .rccumul.ucd dcprcc i.uion Ihe lixvd a,sc:h tr.m-Icrrcd b: th, lle·me-rg,d C,1111p;111\ . Aim l.duc.uion l'rivatc I imitcd have been ,lll>\\11 at the: ,:due· a, p.:r th.: S,hc:111.: ,,t lkmi:rgn s:in.:t1,1n<:,I b: High ( ·<'lH1 ,,fCakutt:1

c) FIXED ASSETS

( ll Revenue fr,1111 <ale ,,f -crv i,l', i, r<:,,1g11iLc:d ,•11 accru.il ha,h ba,cd on the: l'r,,gr:1111 I cc a, published in th, l'rospcctu-, ..

(ii) Rl'\crn11. .. · trom rental lfh..'l'I11t' .,,.·1111:--ulL111 ... :: a\h 1,1."'lr) ... :l'ff"1.'rJt1..· and 1.1th, .. :r traininu i, rt"l'l'gni11.."d on accru.rl ha,i,

(iii) lntcrcvt income on f-1,1...·d r )1,,.'lh'"it..; 1, accounted on ;1 .... ·1..-ru~11 h;1,1s.

Re·,e·nul' i, re,,1g111zed !<> th, e .. vtcnt that it i-, 1m1hahk that the· l'l'PJ1<1111i, bcnetit-, "ill tl"'' to the Cu111pan: ;111d the rcv cuue can he rcliabl. mc.r-urcd. In .,,ldit1,1n. th, f,,l!,",ing criter i.. 111u,1 :ii,,, he: 111,t before r-''1HIC i, rl',c>gni1-d:

I he Fin:111c1:1l xt.ncmcru-, have been J're·11,irc:d t,, .:,1111pl: in .rl l material '"J'e·,h w ith the: .·\cc\lllllt111g Standard, -pccificd under -cction 1_;_; otthc (·,,111p:rn1e·, .\ct. 21113 read with rule ~ ,,Ith<.: (·,,111panil', I .\cc,1u11h I Rulc-, :n i -1 I '" a111e·11<kd I .md the r<.:k\ .1111 pr,,, hh'lh , ,f the ( ·"111panie·, .xcr. 2111 J. I he· li11;11h..:1al -t.ucment-, ha,c b('C:11 pn .. ·par\.·\! under h1,t1,r1c~tl l.."\1.;.t 1..·\1!\\l'ilti\111 on ~111 ,1(1.."ru;tl ha:--1:-0

I. a) IJASIS OF ACCOl :\Tl:\(;

Sl(;:\IFICAYr \CCOl :\Tl:\(; POI.ICIF:S ST.\lT\IE:\T:

I he primar: f<1c11S of the· C,,mp,111: i, l<' deliver lkgrc:e· Dipl<1111a P,,,t Ciradu.uc lcv cl course- with th, approv al ,,f .-\II Indra Counc il f,,r rc:chnr..::il lduc.u ion 1 \ICl I 1. l ni,l'r,11: l1r,1nh ( ,,111mi,,11,111l (iC) or any other Afliliating l\<1d: or l ·ni, <.:r,rt: that ,,; cmp. '"C:rl'd h: the l Hn crnmcnt <1! India t<1 appnn c the· ri11111111g ,,f Decree Dipl,1n1:1 c,111r,<.:, h an ln-titutc l ,,Jkgc:

Prax i-, Bu,111..:" \ch1ll>I I ,,undat111111 .. the· l ·,,1111,.111,··,. .r privatc l11111tc:d .. ,11,t f,,, pr,1tit°· (·-.,mpall\. w irlun the· mcaniru; of Se·s:ti,,11 S ,,I thee (·,,mpan1,:s .·\ct. :'.Ill;_ wa-. incorporated ,111 \ugu,t h. 201~ with the: 111,1111 .,t,jc:d, t,, dc:,c:i,,p. pr,,n1<>k. e·,t:1hl1,h :111,l run .tlf,,rJahk qualitv lorm.rl l.duc.uional in-tirutions li~c ,1..'.hP('I". Lllllcgt:j. 1.:P;1Lh1n~ Lla:--,1..' -. pracucal tLu111n~ LL1,,I..'.,. h\,arJ1n:! house v. \G< >. u-hr.un-, guruku1'. !..:aching cla,,..:,. placement -crv icc-. libr.uic-. ho-tcl-, c:1111..:..:n,. <ciencc and non science stream lab, and \\,>rk,h,,p, ,,f:ill pr,,fe·"1,111' an,! ,•fall ,illr<.:J nature ,,f.:l:i-,<.:,.

NOTES TO THE STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 315r MARCH, 2019

:\otc - IX

PRAXIS m·s1,rss SCIIOOI. FOl:\D.-\TIO:\ Hakrahat Road. Ravapunja

24 l'araganas (South). h:olk:ita ·· ~0111114

\ ,. \.

( • ) : ,.t'(--:- ~-. J

\ "'- ,_ d 1/,11-~ 1 { , ,.,

c. I he ( 'ompany is l'ngagc·d in pnl\ iding educational traininj; Sl'I'\ ices. I lcncc segment rcportiug is not applicahk Ill the ( ·"mp:.in:,.

h. In the ab,c·n,c· ofan . confirmation trom vendor-, ,,11 rcquc-ts made by the Companv rl'gardilll,'. the status olthcir rc·gistr;1tion under the "Micro. Small and vlcdium l.ntcrprisc-. Development .vct. :flw,. the· disc loxurc in compliance of the s.rid .vct is not required.

a. Contingcn: I iabilitic-, '\ 11

2. '\OTES O'\ .\('C'Ol ''\TS

11. Contingent I .iahiliuc-, arc !!e·nnall~ 11<>t pr,>\ idcd for in the Account-, and art: ,h,mn ,l·p;tLlll.:I~ in ,l,tl·, l\1 the :\...:...:,,unt,

1. l hc ( ·{'lllp:111~ rl·...:1,~11i1t.·, .i, l'r ,« i-ion-. the li.ibilitie-, bl·i11~ pre-cut l,hli:!;1til1n, an"lll!,! t"rl•111 p;1,t ev cnt-, 1!1l· ,c11k·111l·11t 11f which i-, l"'P"-·...:tt.:d t,, rl·,ult 111 an 11uttll1\\ i.,frL·~,,ur..:L", and ,,!11....:h c.ui hl· ruca-urcd ,111'~ h~ u,in~ ;1 ,ul,,L111ti;t! dL·~rL'l' ,,fl·,tirnath)ll

I) PRO\'ISIO'iS, CO'.\TI'\<;E'\T 1.1.-\BII.ITIFS . .-\'\I> CO'\Tl'\(;E'\T ASSETS

Ia, on i11<.:P1n..: fpr the current period " determined on the ba,i, "f t.rx.rblc 1nclllll, c.unputcd in :1ccllrd:rn,..: with th, Pr.« i,i,111' ,,f the Inc. 1111e· I a, .-\,t. : 'ii,: lkkrr,d -, a, 1, re',c',!ll!!L'd ,,11 t1m1ll,! d1tkr..:n,..: b,t\\c'L'll the a,·,·,,u11t1ll,! 111,,,m, and the: ta xahle urc.unc for th, v c.rr .m.l qua11tt!i,d u,1n,: th, e·na.:t,d t.ix r.nc-, as on the· Balance She·..:t dat..:. lkkrr..:d

I ax :1'St:h 11 an~ arc n.:cP,:1111,d and earned torw ard tP the extent that there i-, a reasonable ccrtaintv that -uffic icnr future ta.,ahk 111,,_,m, w i l l be available a,_'..1i11,t which -uch deterred ta\ asset-- can he: re·.tli,cd.

e) TAXES O'\ l'\('(>'.\JE

amortized on 26 as nlltilic.:d

lnt.inuibl« \sscl, C,1,1 .it lnt.mcib!c ,l"L'h .:,,mpl1'11l~ Cap1tal11<:d Soth,are· 1, Written Dll\\11 Value ba,i, ov cr a period ol tivc yc.rr-, a, per .-\ccou11t111,! Standard !)\ ( 'ompanic-, I Account-, l Rulc-. 20 J.; I a, .unendcd l.

I :111,!ihlc .-\ss..:ts - 1. Land I r,L'i1<1ld ch \\e·II ch lca-ch.vld - h not dcprcci.ucd.

11. Dcprccr:u 1, 111 on add It 1, 111, de kt I Pih lllr Tant! 1 hlc I- rxcd ..\ "e'h 1, charucd 011 Written I)"" 11 Value ba,1s I \\-[)V) a,,,,rJin,! t,, lite· u-ctul l1f,· ,p,,ilicd in xclu-dulc 11 lll lhe· Compunic-, Ac t. : 0 I , in t erm-, , , t ,~~th -n : : -~ , , t t he _.\ ~ 1. 1 , 11 pr, 1- ra ta ba :-- i ...

d) I>EPRECIATIO'\ O'\ T.-\'\(;IBLf.il'\T-\'\(;IBI.E Fl:\EI> ASSETS

I t.'1..:h111il1'~~ -upport ...:l1~t and or .mnual tn:1111h:11:11J....:L' ~11,t f,1r -uvh ,11tt,\~trL' 1-:. ~h:trt!L'd ;11111uall\ t11 thL' St:11<"1:1e·nt of Income <',: l.xpcnditurc unlc-,-, .i.ld111<>:1al cndurinc benefit 1, de·11\,J

* .-\ccounlant, ,,:,

~t\l' () .'

:' \ _l,

PL\(T : KOi.KAT.\ _!).Dru: The JO'" da~ of .I ul~ .au 19.

For D.B.-\:'liK:\ S.: CO. Chartered Accountant

FR'\ 3FZ,139E '1

c: ~1(rl '-{ ~ l (C.-\ 1fu:-"l'AK BA:\K.-\) j

Propril'lor :\IC'mbership :'lio 053319

l 'DI:\: 19053319.\.-\.-\ -\CR I 091

t. l he prc,1llu, ~c;ir ti,,:urc, have been rc.1rran,,:c,i rL·,,:n,urcd wherever ncce";ir: Ihe figures have been rounded ,iff t,, the nearest "' thL· rupee.

c. Ihe Institute' ofChartered Account.uus uf India I IC.\l I ha, 111;1,k Accountinj, Stand.rrd impairment ot \s,ets .\S :::x mandatory and the ( ·,,mran, ha, carried PUt cornprchcnsiv e cxcrcr-c tn as,c,, th,· impairment '"'" of :\s,cts. Based 011 such exercise. there i, no impairmcnt-, of . Assets .. vccordingly. 110 adjustment 111 respect o l loss impairment ,if .\ssets is required to be made in the Account-