Baba Food Processing (India) Ltd. இன் கணக்கு குறிப்புகள்

Mar 31, 2025

^viii) Provisions, Contingent Liabilities and Contingent Assets

Provisions are recognised only when there is a present obligation as a result of past events and when
a reliable estimate of the amount of obligation can be made. Contingent liability is disclosed for:

(1) Possible obligations which will be confirmed only by future events not wholly within the control
of the Company or (2) Present obligations arising from past events where it is not probable that an
outflow of resources will be required to settle the obligation or a reliable estimate of the amount of
the obligation can not be made.

Contingent Assets are not recognized in the financial statements since this may result in the
recognition of income that may never be realized.

^ix) Earnings per share

Basic earnings per share are computed using the weighted average number of equity shares
outstanding during the period. Diluted earnings per share are computed using the weighted average
number of equity and dilutive potential equity shares outstanding during the period.

^x) Segment reporting:

The Company identifies primary segments based on the dominant source, nature of risks and returns
and the internal organisation and management structure. The operating segments are the segments for
which separate financial information is available and for which operating profit amounts are evaluated
regularly by the executive management in deciding how to allocate resources and in assessing
performance.

xi) Property , Plant & Equipment’s

The Property, Plant & Equipment’s are recorded at cost of acquisition less accumulated depreciation.
Cost of acquisition comprises of purchase price and any attributable costs of bringing the assets to
their working condition for their intended use.

xi) Intangible Assets

Trademarks acquired by the Company are recognised as intangible assets at cost when it is probable
that future economic benefits will flow to the Company and the cost can be measured reliably.
Trademarks are amortised on a straight-line basis over their estimated useful life of 8 years. The
amortisation method and useful life are reviewed at the end of each financial year. Trademarks are
derecognised upon disposal or when no future economic benefits are expected from their use. Any
gain or loss arising on derecognition is recognised in the Statement of Profit and Loss.

xii) Depreciation / Amortisation

Depreciation on tangible fixed assets is provided on Stratigh Line Method at the rates specified in
Schedule II to the Companies Act, 2013. Depreciation on additions to fixed assets is provided on pro¬
rata basis from the date the asset is put to use. Depreciation on sale / deduction from fixed assets is
provided for up to the date of sale / deduction / scrapping, as the case may be. Assets taken on finance
lease are depreciated over the tenure of the lease. Assets costing Rs. 5,000 or less per item are fully
depreciated in the year of purchase.

xiii) Leases

Operating Lease payments are recognized as an expense in the Statement of Profit & Loss on a straight
line basis over the lease term. Assets under finance lease are capitalized at the Inception of lease term
at the lower of fair value of the lease property and present value of minimum lease payment. Assets
under operating lease are included under Fixed Assets. Lease income on these assets is recognized in
the statement of Profit & Loss.

xiv) Impairment

The carrying values of assets are reviewed at each reporting date to determine if there is indication of
any impairment. If any indication exists, the assets recoverable amount is estimated. For assets that
are not yet available for use, the recoverable amount is estimated at each reporting date. An
impairment loss is recognised whenever the carrying amount of an asset or its cash generating unit
exceeds its recoverable amount. Impairment losses are recognised in the Profit and Loss Account.
An impairment loss is reversed if there has been a change in the estimates used to determine the
recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount
does not exceed the carrying amount that would have been determined net of depreciation or
amortisation, if no impairment loss had been recognised.

xv) Government Grants & Subsidies

Grants & Subsidies from the Government are recognized when there is reasonable assurance that the
Company will comply with the conditions attached to them and the grant / subsidy will be received.
Government Grants related to depreciable assets are treated as deferred income and recognized in the
Statement of Profit & Loss in equal amounts over the expected useful life of the related assets.
Government Grants related to revenue are recognized on systematic basis in statement of Profit &
Loss over the period necessary to match them with the related costs which they are intended to
compensate.

xvi) Inventories

Inventories are valued at lower of average cost and net realizable value
Raw materials, stores and spares and packing materials

Lower of cost or net realisable value. Cost is determined on Average basis and includes all the cost
incurred in bringing the goods to be their present location and condition.

Finished goods

Lower of cost and net realisable value. Cost includes cost of raw materials, direct overheads which
are incurred to bring the inventories to their present location and condition.

xvii) Retirement and other employee benefits

All employee benefits payable wholly within twelve months of rendering the service are classified as
short-term employee benefits. Benefits such as salaries, wages, bonus etc. are recognised in the Profit
and Loss Account in the period in which the employee renders the related service. Post employment
and other long term employee benefits are recognized as an expense in the Profit and Loss account for
the year in which the employee has rendered services.

xviii) Gratuity

Gratuity is a post-employment benefit and is in the nature of defined benefit plan. The liability
recognised in the balance sheet in respect of gratuity is the present value of the defined benefit
obligation as at the balance sheet date.

The defined benefit/obligations calculated at the balance sheet date in line with AS 15 and any gains
or losses are recognised immediately in the statement of profit and loss

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Mar 31, 2024

In accordance with AS 18, disclosures in respect of transactions with identified related parties are given only for such period during which the relationship existed. Related party relationships as given above are as identified by the Company and relied upon by the auditors.

29 The loan taken from director is due and repayable at the option of the company before the expiration of the term. There is no continuing default as at 31st March 2024 in the repayment of the respective loan or Interest amounts.

30 As per the best estimate of the management, no provision is required to be made as per Accounting Standard 29 (AS 29) Provisions, Contingent Liabilities and Contingent Assets as specified under Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014, as amended, in respect of any present obligation as a result of a past event that could lead to a probable outflow of resources, which would be required to settle the obligation.

31 In the opinion of the Board of Directors, all current assets, short-term and long-term loans and advances appearing in the balance sheet as at 31st March 2024 have a value on realization in the ordinary course of the Company''s business at least equal to the amount at which they are stated in the balance sheet and no provision is required to be made against the recoverability of these balances .

³² The Company has not entered into any derivative instruments during the period. There are no foreign currency exposures as at 31st March 2024.

33 There are contingent liabilities to be reported as at 31 st March 2024. (Bank Guarantee of Rs. 22.96 Lakhs- issued to Custom Department against EPCG License on import of Machinery)

34 There are no capital and other commitments to be reported as at 31 st March 2024.

35 In respect of amounts as mentioned under Section 125 of the Companies Act, 2013, there were no dues required to be credited to the Investor Education and Protection Fund as at 31 March 2024.

36 The disclosure in respect of the amounts payable to Micro, Small and Medium enterprises as at 31 March 2024 has been made in the financial statements based on information received and available with the Company. Based on the information currently available with the Company, there are no over dues payable to Micro and Small ''Suppliers'' as defined i n the Micro, Small and Medium Enterprises Development Act, 2006.

37 In the opinion of the Board of Directors, no provision is required towards diminution in value of non-current investments.

*There is no significant change (i.e. change of 25% or more as compared to the immediately previous financial year) in the other key financial ratios.

³⁹ (i) The Company has not received any funds from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall;

(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.

(ii) The Company has not advanced or loaned or invested any funds from any person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediaries shall;

(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 b ehalf of the Ultimate Beneficiaries.

40 There are no proceedings initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) during the year ended March 31,2024 (Previous year Rs. Nil).

⁴¹ The Company have taken borrowings from banks or financial institutions on the basis of security of current assets during the year ended March 31,2024 amounting to Rs. 1561.22 Lakhs (Previous year Rs. 1998.93 Lakhs).

⁴² There are no any bank or financial institution or other lender declared to Company a wilful defaulter during the year (Previous year Rs. Nil).

⁴³ The company has not entered into any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956 during the year ended March 31,2024 (Previous year Rs. Nil).

⁴⁴ There are no charges or satisfaction yet to be registered with Registrar of Companies by the Company during the year (Previous year Rs. Nil).

45 The Company did not enter into any transactions which are not recorded in the books of accounts and has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961. (Previous year Rs. Nil).

46 The Company has not traded or invested in crypto currency or virtual currency during the financial year ended March 31,2024 (Previ ous year Rs. Nil ).

Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restrictio n on number of Layers) Rules, 2017.

48 No loan or advances in the nature of loans are granted to the promoters, directors, key managerial persons and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other person that are:

(a) repayable on demand or

(b) withou t specifying any terms or period of repayment

⁴⁹ All amounts disclosed in the financial statements and notes have been rounded off to the nearest Lakhs as per the requirement of Schedule III, unless otherwise stated.

Previous year numbers have been regrouped/reclassified wherever considered necessary, to confirm to current

50 year''s classification.

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Mar 31, 2023

In accordance with AS 18 disclosures in respect of transactions with identified related parties are given only for such penod during which the relationship existed. Related party relationships as given above are as identified by the Company and relied upon by the auditors.

27 The loan taken from director is due and repayable at the option of the company before the expiration of the term. There is no continuing default as at 31 March 2023 in the repayment of the respective loan or Interest amounts.

28 As per the best estimate of the management, no provision is required to be made as per Accounting Standard 29 (AS 29) Provisions. Contingent Liabilities and Contingent Assets as specified under Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules. 2014. as arreroed. in respect of any present obligation as a result of a past event that could lead to a probable outflow of resources, which would be required to settle the obligation,

29 In the opinion of the Board of Directors, all currenl assets short-term and long-term loans and advances appeanng in the balance sheet as at 31 March 2023 have a value on realization in me ordinary course of the Company''s business at least equal to the amount at which tney are stated in the balance shoe? and no provision is required to be made against the recoverability of these

30 The Company has not entered into any derivative instruments during the period. There are no foreign currency exposures as at 31 March 2023

31 There are contingent liabilities to be reported as at 31 March 2C23. (Bank Guarantee of Rs. 22.96 Lakhs- issued to Custom Department against tPCG License on import of Machinery)

32 There are no capital and other commitments toJ>e repored as at 31 March 2023. ^ ^T? * *

34 The disclosure in respect of the amounts payable to Micro, Small and Medium enterprises as at 31 March 2023 has been made in the financial statements based on information received and available with the Company Based on the information currently available with the Company, there are no dues payable to Micro and Small ''Suppliers'' as defined in the Micro. Small and Medium Enterprises Development Act. 2006.

37 (i) The Company has not received any funds from any person(s) or entity(ies), including foreign entities {Funding Parly) with the understanding (whether recorded in writing or otherwise) mat the Company shall;

(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.

(ii) The Company has not advanced or loaned or invested any funds from any person(s) or entity(ies). including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediaries shall;

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on tehalf of the Company (Ultimate Beneficiaries) or

(b) provide any guarantee, secunty or the like to or or behalf of the Ultimate Beneficiaries

38 There are no proceedings initiated or pending against the Company for holding any benami property under :he Benami Transactions (Prohibition) Act. 1988 (45 of 1988) during tne year ended March 31, 2023 (Previous year Rs. Nil).

39 The Company have taken borrowings from banks or financial institutions on the basis of security of current assets during the year ended March 31 2023 amounting to Rs. 1,998.93 Lakhs (Previous year Rs. 1.435.92 Lakhs)

40 There arc no any Dank or financial institution or other lender declared to Company a willful defaulter during the year {Previous year Rs. Nil)

41 The company has not entered into any transactions with companies struck off under section 248 of the Companies £ct, 2013 or section 560 of Companies Act. 1956 during the year ended March 31.2023 {Previous year Rs. Nil).

42 There are no cna^rges or satisfaction yet to be registered with Registrar of Companies by the Company during the year (Previous year Rs Nil)

43 The Company did not enter into any transactions which are noi recorded in the books of accounts and has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act. 1961 (Previous year Rs. Nil).

44 The Company has not traded or invested in crypto currency or virtual currency during the financial year ended March 31. 2023

45 Where the company has complied with the number of layeis prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules. 2017

46 No loan or advances in the nature of loans are granted to the promoters, directors, key managerial persons and the related parties (as defined under Companies Act, 2013). either severally or jointly with any other person that are:

(a) repayable on demand or

(b) without specifying any terms or period of repayment

47 All amounts disclosed In the financial statements and notes have oeen rounded off to the nearest Lakhs as per the requirement of Schedule III. unless otherwise stated.

48 Previous year numbers nave been regrouped/reclassified wherever considered necessary, to confirm to current year''s