Alstone Textiles (India) Ltd. இன் கணக்கு குறிப்புகள்

Mar 31, 2025

Nature/ Purpose of each reserve

a)    Securities Premium: The amount received in excess of face value of the equity shares is recognised in Securities Premium Reserve. This reserve is utilised in accordance with the provisions of the Companies Act 2013.

b)    General Reserve: The reserve arises on transfer portion of the net profit to general reserve

c)    Retained Earning: Generally represents the undistributed profit/amount of accumulated earnings of the company.

d)    “Other Comprehensive Income (OCI) : Other Comprehensive Income (OCI) represents the balance in equity for items to be accounted under OCI and comprises of the following:

i)    Equity Instruments through OCI: The Company has elected to recognise changes in the fair value of certain investment in equity instrument in other comprehensive income.

ii)    Remeasurement of defined benefit obligations: The actuarial gains and losses arising on defined benefit obligations have been recognised in OCI. The amount is subsequently transferred to retained earnings as per the Schedule III requirement.

28 Segment Reporting

operating segments ate uenneu as components ui an enterprise iui which discrete financial information is available that is evaluated regularly by the Chief Operating Decision Maker, in deciding how to allocate resources and assessing performance. Operating segments are reported in a manner

The management assessed that the fair values of cash and cash

30.2    equivalents, trade receivables, trade payables, current borrowings, current loans and other financial assets & liabilities approximates their carrying

30 3 The management considers that the carrying amounts of Financial assets

^30.3    and Financial liabilities recognized at nominal cost/amortised cost in the Non current borrowings has been contracted at floating rates of interest,

30.4    which are reset at short intervals. Fair value of floating interest rate

borrowings approximates their carrying value subject to adjustments made

31 Financial Risk Management

Financial management of the Company has been receiving attention of the top management of the Company. The management considers finance as the lifeline of the business and therefore, financial management is carried

out meticulously on the basis of detailed management information systems

31.1    Credit Risk

The credit risk is the risk of financial loss arising from counter party failing to discharge an obligation. The credit risk is controlled by analysing credit limits and credit duration for customers on continuous basis. Further, in On account ot adoption ot Ind as 109, the Company uses an expected credit loss model to assess the impairment loss. The Company uses a

31.2    Liquidity Risk

The Company determines its liquidity requirement in the short, medium and long term This is done by drawing up cash forecast Tor short term and long The Company manage its liquidity risk in a manner so as to meet its normal financial obligations without any significant delay or stress. Such risk is managed through ensuring operational cash flow while at the same time maintaining adequate cash and cash equivalent position. The management Maturity analysis for financial liabilities

Note: The amounts are gross and undiscounted, and include contractual interest payments and exclude the impact of netting agreements (if any). The interest payments on variable interest rate loans in the tables above reflect market forward interest rates at the respective reporting dates and

31.3 Market Risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk

Foreign Exc hange Risk

Foreign Exchange Risk is the exposure of the Company to the potential impact of the movement in foreign exchange rate. The Company does not

Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market rates. The company’s exposure to the risk of changes in market interest rate relates

The Company is also exposed tg interest rate risl< es surplus funds parked in loans. To manage such risks, such loans are granted for short durations

34.0 ADDITIONAL REGULATORY REQUIREMENTS SCHEDULE III:

The Company do not have any Benami property, and does not ^ have any proceeding initiated or pending for holding any Benami ' property under Benami Transactions (Prohibition) Act 1988, (45 of 1988).

2^ 2 The Company do not have any charges or satisfaction which is ' yet to be registered with ROC beyond the statutory period.

2^ 2 The Company have not traded or invested in crypto currency or ' virtual currency during the financial year.

The Company have not advanced or loaned or invested

34.4    funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the

(a)    directly    or    indirectly    lend    or    invest    in other persons

or entities identified in any manner whatsoever by or on behalf of the Company (ultimate beneficiaries) or

(b)    provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

The Company have not received any fund from any person(s) or

34.5    entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the

(a)    directly    or    indirectly    lend    or    invest    in other persons

or entities identified in any manner whatsoever by or on behalf of the funding party (ultimate beneficiaries) or

(b)    provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

The Company have not any such transaction which is not

34.6    recorded in the books of accounts that has been surrendered or

disclosed as income during the year in the tax assessments

The Company has not been declared as a wilful defaulter by any

bank or financial institution or other lender in accordance with the 34 7

' guidelines on wilful defaulters issued by the Reserve Bank of India.

2^ 2 The Company does not have any transactions with Companies ' which are struck off.

Previous year figures have been reclassified/regrouped to confirm the presentation requirements and the requirements laid down in Division-1 of the Schedule-III of the Companies Act, 2013.

In terms of our attached report of even date

The Note Referred to above form an integral part of Balance Sheet In terms of our attached report of even date

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Mar 31, 2024

(j) Provisions and Contingent Liabilities:

Provisions are recognized when the Company has a present obligation (legal or constructive) as a result of a 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 measured at the best estimate of the expenditure required to settle the present obligation at the Balance Sheet date.

If the effect of the time value of money is material, provisions are discounted to reflect its present value using a current pre-tax rate that reflects the current market assessments of the time value of money and the risks specific to the obligation. When discounting is used, the increase in the provision due to the passage of time is recognized as a finance cost.

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount cannot be made.

(k) Revenue Recognition:

Revenue from sale of goods is recognized when all the significant risks and rewards of ownership in the goods are transferred to the buyer as per the terms of the contract, there is no continuing managerial involvement with the goods and the amount of revenue can be measured reliably. The Company retains no effective control of the goods transferred to a degree usually associated with ownership and no significant uncertainty exists regarding the amount of the consideration that will be derived from the sale of goods. Revenue is measured at fair value of the consideration received or receivable, after deduction of any trade discounts, volume rebates and any taxes or duties collected on behalf of the government which are levied on sales such as sales tax, value added tax, goods and services tax, etc. Interest income is recognized using the effective interest rate (EIR) method. Dividend income on investments is recognized when the right to receive dividend is established.

(l) Expenditure:

Expenses are accounted on accrual basis.

(m) Income Taxes:

Income tax expense for the year comprises of current tax and deferred tax. It is recognized in the Statement of Profit and Loss except to the extent it relates to a business combination or to an item which is recognized directly in equity or in other comprehensive income.

Current tax is the expected tax payable/receivable on the taxable income/loss for the year using applicable tax rates at the Balance Sheet date, and any adjustment to taxes in respect of previous years. Interest expenses and penalties, if any, related to income tax are included in finance cost and other expenses respectively. Interest Income, if any, related to Income tax is included in current tax expense.

Deferred tax is recognized in respect of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the corresponding amounts used for taxation purposes.

A deferred tax liability is recognized based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates enacted, or substantively enacted, by the end of the reporting period. Deferred tax assets are recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. Deferred tax assets are reviewed at each reporting date and reduced to the extent that it is no longer probable that the related tax benefit will be realized.

Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle the asset and the liability on a net basis. Deferred tax assets and deferred tax liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities; and the deferred tax assets and the deferred tax liabilities relate to income taxes levied by the same taxation authority.

(n) Employee Benefits:

No provision of retirement benefits of employees such as leave encashment, gratuity has been made during the year by the company. The same shall be accounted for as and when arises.

22. Previous year’s figures have been reworked, regrouped, & reclassified wherever necessary to confirm to the current year presentation.

23. In the opinion of Board of Director, the current Assets, loans & advances have a value on realization in the ordinary course of business at least equal to the amount at which these are stated.

24. The company state that one of loan given by the company in financial year 2008-09 to Mr. Satyendra Kumar Jain amounting of Rs. 26,92,000/- as on 31.03.2024 has not recovered till date. The management of the company assure full recovery in ensuing years. Hence any provision for doubtful assets has not been made.

25. The company’s business activity falls within single primary/ secondary business segment viz. Finance Activity. The disclosure requirement of IND AS-108“Segment Reporting “issued by the Institute of chartered Accountants of India, therefore is not applicable.

26. Related Party Disclosure:

As per IND AS-24, on related Party disclosure issued by the Institute of chartered Accountants of India, the detail of such related party transaction recognized during the year is as under:

27. Details of Policy Developed And Implemented by the Company on its Corporate Social Responsibility Initiatives

The Company has not developed and implemented any Corporate Social Responsibility initiatives as the said provisions are not applicable.

28. Details of Crypto / Virtual Currency

There were no Transaction and Financial Dealing in Crypto / Virtual Currency during the Financial Year 2023-24.

29. Contingent liabilities and pending litigations

a) There is a pending Tax demand of Rs. 12,35,97,620/- against the company. The above demand was raised by the department in A.Y. 2012-13. The company has filed an appeal

before CIT(A) against demand. The appeal is pending before CIT(A). The company is hopeful to get relief from CIT(A).

(b) There is a pending Tax demand of Rs. 6,14,721/- against the company. The above demand was raised by the department in A.Y. 2017-18. The company has filed an appeal before CIT (A) against demand. The appeal is pending before CIT (A). The company is hopeful to get relief from CIT (A).

30. Earnings per Share “IND AS-33” issued by the Institute of chartered Accountants of India:

31. There are no micro, Small and Medium Enterprises, to whom the Company owes dues which outstanding for more than 45 days as at 31^st March 2024. This information as required to be disclosed under the micro, small and medium Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with company.

IN TERMS OF OUR REPORT OF EVEN DATE ANNEXED.

FOR GSA & ASSOCIATES LLP FOR AND BEHALF OF

CHARTERED ACCOUNTANTS ALSTONE TEXTILES (INDIA) LIMITED.

FRN: 000257N/N500339

CA. MANINDRA K. TIWARI DEEPAK KUMAR BHOJAK RAMESH KUMAR

(PARTNER) (MANAGING DIRECTOR) (DIRECTOR)

M.NO: 501419 DIN: 06933359 DIN: 00537325

SHRADHA SHARMA DEEPAK VERMA

PLACE: NEW DELHI COMPANY SECRETARY) (CFO)

DATE: 23.05.2024 M.NO: A59260

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Mar 31, 2023

(j) Provisions and Contingent Liabilities:

Provisions are recognised when the Company has a present obligation (legal or constructive) as a resu of a past event, it is probable than outflow of resources embodying economic benefits will be required t settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are measured at the best estimate of the expenditure required to settle the pbeigation at the Balance Sheet date .

If the effect of the time value of money is material, provisions are discounted to reflect its presen value using a current prax rate that reflects the current market assessments of the time value ofdmhney ;i risks specific to the obligation. When discounting is used, the increase in the provision due to the pa sage of time is recognised as a finance cost.

Contingent liabilities are disclosed when there is a possible obligation arising from past , event existence of which will be confirmed only by the occurrence or-ononrrence of one or more uncertain future events not wholly within the control of the Company or a present obligation that arises froi past events where it is either not probable tin outflow of resources will be required to settle the obligation >r a reliable estimate of the amount cannot be made

(k) Revenue Recognition:

Revenue from sale of goods is recognised when all the significant risks and rewards of ownership i the goods are transferred to the buyer as per the terms of the contract, there is no continuing maisgerir involvement with the goods and the amount of rnue can be measured reliably. The Company retains nc effective control of the goods transferred to a degree usually associated with ownership and no signi cant uncertainty exists regarding the amount of the consideration that will be derived from oftegoode.

Revenue is measured at fair value of the consideration received or receivable, after deduction of any rade discounts, volume rebates and any taxes or duties collected on behalf of the government which are le ied on sales such as sales tax, valiadded tax, goods and services tax, etc. Interest income is recognized usin the effective interest rate (EIR) method. Dividend income on investments is recognised when the ri it to receive dividend is established .

(l) Expenditure:

Expenses aretccounted on accrual basi s.

(m) Income Taxes:

Income tax expense for the year comprises of current tax and deferred tax. It is recognised in the Sta :ment of Profit and Loss except to the extent it relates to a business combination or to an itEurwogrioi sed directly in equity or in other comprehensive income.

Current tax is the expected tax payable/receivable on the taxable income/loss for the year using applica e tax rates at the Balance Sheet date, and any adjustment to taxes in res previous years. Interest expenses and penalties, if any, related to income tax are included in finance cost and other expenses respectively. Interest Income, if any, related to Income tax is included in current tax expense.

Deferred tax is recognised in respect of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the correspondingntmoused for taxation purpos es.

A deferred tax liability is recognised based on the expectnanner of realization or settlement of th carrying amount of assets and liabilities, using tax rates enacted, or substantively enacted, by the end of the reporting period. Deferred tax assets are recognised only to the extent that it is probablurtiiaaxfible profits will be available against which the asset can be utilised. Deferred tax assets are reviewed at each reporting date and reduced to the extent that it is no longer probable that the related tax benefit will be realized.

C urrent tax assets and current tax liabilities are offset when there is a legally enforceable right to se off ¦ recognised amounts and there is an intention to settle the asset and the liability on a net basis. Defer ed ta assets and defered tax liabilities are offset when there is a legally enforceable right to set off curre t tax assets against current tax liabilities; and the deferred tax assets and the deferred tax liabilities re ate t income taxes levied by the same taxation authyo.r it

(n) Employee Benefits:

No provision of retirement benefits of employees such as leave encashment, gratuity has been made d ''ing the year by the company. The same shall be accounted for as and when ar ises.

20. Previous year’s figures have been reworked, regrouped, & reclassified wherever necessary to confirm t the current year presentat ion.

21. In the opinion of Board of Director, the current Assets, loans & advances have a value on realization the ordinary course of business at least equal to the nmoti which these are stated.

22. During the year the company has increase its authorized share capital by Rs. Ib,CQCQCCCind the company has issued bonus to its shareholders in ratio 19 shares and also spilt its share from face vali: Rs. 0/ - to Rs. f- per equity share.

23. The company’s business activity falls within single primary/ secondary business segment viz. Finance Activity. The disclosure requirement of IND1AS“Segment Reporting “issued by the Institute of chartered Accountants of Indthprefore is not applicabl e.

24. Related Party Disclosure:

As per IND AS4, on related Party disclosure issued by the Institute of chartered Accountants of India the detail of such related party transaction recognized during the year is as under:

25. Details of Policy Developed and Implemented by the Company on its Corporate Social

Responsibility Initiatives

The Company has not developed and implemented any Corporate SoRals ponsibility initiatives as the

said provisions are not applicabl e.

26. Details of Crypto / Virtual Currency

There were no Transaction and Financial Dealing in Crypto / Virtual Currency dyeing the

27. Contingent liabilities and pending litigations

a) There is a pending Tax demand of Rs. 2,35,97,620^ against the company. The above demand was raised by the department in A.Y. 20-3. The company has filed an appeal before CIT (A) against demand. The appeal is pending before CIT (A). Thmpany is hopeful to get relief from CIT (A).

b) There is a pending Tax demand of Rs. 6,4,721- against the company. The above demand was raised by the department in A.Y. 20FB. The company has filed an appeal before CIT (A) against demand. The appeal ispending before CIT (A). The company is hopeful to get relief from CIT (A).

29. There are no micro, Small and Medium Enterprises, to whom the Company owes dues which outstailing for more than 45 days as at ^s3 March 2023. This information as required to be disclosed under tl micro, small and medium Development Act, 2006 has been determined to the extent such parties hav been identified on the basis of information available with company.

IN TERMS OF OUR REPORT OF EVEN DATE ANNEXED.

FOR TIWARI & MISHRA FOR AND BEHALF OF

(CHARTERED ACCOUNTANTS) ALSTONE TEXTILES (INDIA) LIMITED.

FRN: 018393N

CA. MANINDRA K. TIWARI DEEPAK KUMAR BHOJAK PANKAJ SAXENA

(PARTNER) (MANAGING DIRECTOR) (DIRECTOR)

M.NO: 501419 DIN: 06933359 DIN: 08162590

UDIN: 23501419BGWNBH7118

SHRADHA SHARMA DEEPAK VERMA

PLACE: NEW DELHI (COMPANY SECRETARY) (C.F.O)

DATE: 26.05.2023 M.NO: 59260

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Mar 31, 2015

Note : 1

The company has only one class of equity Shares having Par Value of Rs 10 per Share. All these Shares have Same right & preferences with respect to payment of dividend, repayment of Capital & Voting.

Note : 2

Previous years figures have been reworked, regrouped, & reclassified wherever necessary to confirm to the current year presentation.

Note : 3

Balance standing to debit & credit of parties are subject to confirmation.

Note : 4

As per AS-13, all long term investments are to be carried at cost less diminution in the value except for temporary diminution.

Note : 5

As per the Provision of AS-2, Accounting of Inventories, Stock in trade should be valued at cost or market price whichever is lower, so that the company has valued it's currently purchased all stock in trade at less value that is cost.

Note : 6

The company's business activity falls within single primary/ secondary business segment trading in fabric & textiles viz. . The disclosure requirement of Accounting standard (AS) -17 "Segment Reporting "issued by the Institute of chartered Accountants of India, therefore is not applicable.

Note : 7

Related Party Disclosure:

As per Accounting Standard 18 on related Party disclosure issued by the Institute of chartered Accountants of India, there is no related party transaction recognized during the year.

Note : 8

Payment to Auditor 2014-2015 2013 -2014

Audit Fee 6,742/- 4,494/-

Note : 9

There are no micro, Small and Medium Enterprises, to whom the Company owes dues which outstanding for more than 45 days as at 31st March 2015. This information as required to be disclosed under the micro, small and medium Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with company.