Cybele Industries Ltd. இன் கணக்கு குறிப்புகள்

Mar 31, 2025

1. Company Information

Cybele Industries Limited (“the Company”) (CIN- L31300TN1993PLC025063)is a public limited Company incorporated in India with its registered office in No. 138, SIDCO Industrial, Estate, Ambattur, Chennai, Tamil Nadu, 600098 India. The Company is listed on the BSE Limited (BSE).

“Q-FLX CABLES is equipped with the most sophisticated manufacturing and testing equipment to ensure consistent quality in all the products, manufactured in their modernized plant, located in the well-developed Ambattur Industrial Estate, Chennai, Tamil Nadu, which is 20km away from Chennai International Airport,15kms from seaport and 12 km from Chennai Central railway station. Through our consistent quality and innovative solutions, we cater to the needs of a variety of consumers ranging from individuals to large projects. Our excellent track record on product quality has made milestones in various fields such as Construction, Industry Power Projects, Railways, Automotive Industry, Consumer Electrical and electronics, computer and home appliances. With our commitment to excellence, Q-FLX CABLES stands as a leading Wiring Harness Manufacturer in India.

Customized product design and manufacture is the special feature of the company and thus the company is recognized for its innovative leadership . We always believe that public awareness on product quality and safety yields better living environment, which is recognized far and wide.”

Revenue from contracts with customers

Certain contracts of the Company for sale of goods and services include discounts, rebates & Incentives that give rise to variable consideration. The Company determined that estimates of variable consideration are based on its historical

experience, business forecast and current economic conditions. The Company determined that expected value method is appropriate method to use in estimating the variable consideration as the large number of customer contracts that have similar characteristics”

B Estimation uncertainty

Information about estimates and assumptions that have most significant effect on recognition and measurement of assets, liabilities, income and expenses is provided below:”

I. Revenue Recognition

Where revenue contracts include deferred payment terms, management of the Company determines fair value of consideration receivable using the expected collection period and incremental rate of borrowing interest rate prevailing at the date of transaction.

II. Cost to Complete

The Company’s management estimate the cost to complete for each project for the purpose of revenue recognition and recognition of anticipated losses of the projects, if any. In the process of calculating the cost to complete, management conducts regular and systematic reviews of actual results and future projections with comparison against budget. The process requires monitoring controls including financial and operational controls and identifying major risks facing the Company and developing and implementing initiative to manage those risks. The Company’s management is confident that the costs to complete the project are fairly estimated.

III. Useful lives of property, plant and equipment

The Company reviews the useful life of property, plant and equipment at the end of each reporting period. This reassessment may result in change in depreciation expense in current and future periods.

IV. Fair Value Measurement of Financial Instrument

When fair value of financial assets and financial liabilities recorded in the balance sheet cannot be measured based on quoted prices in active markets, their fair value is measured using various valuation techniques. The inputs to these models are taken from observable markets where possible, but where this is not feasible, a degree of judgement is required in establishing fair values. Judgements include considerations of inputs such as Liquidity Risk, Credit Risk and Volatility. Changes in assumptions about these factors could affect reported fair value of financial instruments.

V. Impairment of Financial Assets

Impairment Provisions of financial assets are based on assumptions about risk of default and expected loss rates. The Company uses judgement in making these assumptions and selecting inputs to the impairment calculation, based on Company’s past history, existing market conditions as well as forward looking estimates at the end of each reporting period.

VI. Impairment of Investments In Subsidiaries and Associates

Determining whether the investments in subsidiaries and associates are impaired requires an estimate in the value in use of investments. In considering the value in use, the directors have anticipated the future market conditions and other parameters that affect the operations of these entities.

VII. Inventories

The Company estimates net realisable values of inventories, taking into account the most reliable evidence available at each reporting date. The future realisation of these inventories may be affected by future technology or other market driven changes that may reduce future selling prices.

VIII. Recoverability of Advances / Receivables

The Company from time to time reviews the recoverability of advances and receivables. Review is done at least once in a financial year and such assessment requires significant management judgement based on financial position of the counter-parties, market information and other relevant factors.

IX. Provisions for Warranties

Warranty provisions are determined based on the historical percentage of warranty expense to sales for the same types of goods for which the warranty is currently being determined. The same percentage to the sales is applied for the current accounting period to derive the warranty expense to be accrued. It is very unlikely that actual warranty claims will exactly match the historical warranty percentage, so such estimates are reviewed annually for any material changes in assumptions and likelihood of occurrence.

X. Income Tax and Deferred Tax

Uncertainties exist with respect to the interpretation of complex tax regulations, changes in tax laws, and the amount and timing of future taxable income. Given the wide range of business relationships and the long term nature and complexity of existing contractual agreements, differences arising between actual results and assumptions made, or future changes to such assumptions, could necessitate future adjustments to tax income and expense already recorded. The Company establishes provisions, based on reasonable estimates. The amount of such provisions is based on various factors, such as experience of previous tax audits and differing interpretations of tax regulations.

A deferred tax asset is recognised to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences and tax losses can be utilised. Deferred tax assets are recognised for unused tax losses to the extent that it is probable that taxable profit will be available against which the losses can be utilised. Significant management judgement is required to determine the amount of deferred tax assets that can be recognised, based upon the likely timing and the level of future taxable profits together with future tax planning strategies. Accordingly, the Company exercises its judgement to reassess the carrying amount of deferred tax assets at the end of each reporting period.

XI. Provisions and Contingencies

Management judgement is required for estimating the possible outflow of resources, if any, in respect of contingencies/ claim/litigations against the Company as it is not possible to predict the outcome of pending matters with accuracy.

XII. Defined Benefit Obligation (DBO)

Management’s estimate of the DBO is based on a number of critical underlying assumptions such as standard rates of inflation, mortality, discount rate and anticipation of future salary increases. Variation in these assumptions may impact the DBO amount and the annual defined benefit expenses.

e Exceptional Items

Exceptional items are transactions which due to their size or incidence are separately disclosed to enable a full understanding of the Company’s financial performance. Items which may be considered exceptional are significant restructuring charges, gains or losses on disposal of investments of subsidiaries & associates and impairment losses/ write down in the value of investment in subsidiaries & associates and significant disposal of fixed assets

d The material accounting policies used in preparation of the financial statements have been disclosed in the respective notes

3. Property, Plant and Equipment Accounting Policy

Freehold land is carried at historical cost. Property, Plant and Equipment are stated at cost,net of accumulated depreciation and impairment losses, if any. Cost of Property, Plant and Equipment comprises its purchase price net of any trade discounts and rebates, any import duties and other taxes (other than those subsequently recoverable from the tax authorities), any directly attributable expenditure on making asset ready for its intended use, including relevant borrowing costs for qualifying assets and any expected costs of decommissioning.

Borrowing Cost attributable to acquisition, construction of qualifying assets is capitalized until such time as the assets are substantially ready for their intended use. Indirect expenses during construction period, which are required to bring the asset in the condition for its intended use by the management and are directly attributable to bringing the asset to its position, are also capitalised.

Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and cost of the item can be measured reliably

Expenditure incurred after Property, Plant and Equipment have been put into operation, such as repairs and maintenance, are charged to Statement of Profit and Loss in the period in which costs are incurred

Advances paid towards the acquisition of Property, Plant and Equipment outstanding at each Balance Sheet date is classified as capital advances under other non-current assets.

An item of Property, Plant and Equipment and any significant part initially recognised is derecognised upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on de-recognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the Statement of Profit and Loss account when the asset is derecognised.

Depreciation on Property, Plant and Equipment is charged on straight line method either on the basis of rates arrived at with reference to the useful life of the assets evaluated by Independent valuer and approved by the Management or rates arrived at based on useful life prescribed under Part C of Schedule II of the Companies Act, 2013

The following useful lives are applied:
Asset category	Useful life
Land
Buildings
- Factory Buildings	30 Years
- Other (including temporary structure, etc.)	05 Years
Plant and Equipment including Project tools	05 - 20 Years
Furniture and Fittings	05 - 10 Years
Motor Vehicles
- Owned	08 - 10 Years
Office Equipment	05 Years
Computers
- End user devices viz. desktops, laptops, etc.	03 Years
Property, Plant and Equipment individually costing upto '' 5,000 are fully depreciated in the year of acquisition.

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Mar 31, 2024

2.14 Provisions:

Provisions are recognized when the company has a present obligation, as a result of pa si events for Which it is p aria hie that an outflow of economic benefilS will be required tc settle the obligation and a reliable estimate car op made for the amount of obligation These estimates aie reviewed at each reporting date and adjusted to reflect the current best estimates

The amount recognised as a provision is the best estimate of the consideiation required to settle the present obligation at trie end of the reporting period taking into account the risks and uncertainties surrounding the obligation When a provision is measured using the cash flows estimated to settle the present obligation its carrying amount is the present value of lhose cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to so tile a provision are expected to be recovered from o ihirct party a receivable i$ recognised as 3n asset il it is virtually certain that reimbursement will he received and the amount of the receivable can be measured reliably

2.15 Operating Reporting:

The company uses the management approach for reporting information about segments in annual financial statements The management approach is based on The way the Chief Operating decision maker organizes segment within a company for making operating decisions and assessing the performance Reportable segments are based on services geography legal structure management structure and any other manner in which management disaggregates e company Based on the managmenl approach model the company has determined that its business model is comprised of manufacture of Cables and Property development ) real estate activities.

2.16 Earnings porshare;

Basic tamings per snare are computed by dividing the net profit aftertax by (ha weighted average numbar of equity snares outstanding during the year The company did not hove any potentially dilutive securities In any of the years presented

2.17 Financial Instruments:

Financial assets and financial liabilities are recognised when a group entity becomes a party to the contractual provisions of the instruments.

Financial assets and financial liabilities are initially measured et fair value Transaction costs that are directly attributable to I he acquisition or issue of financial assets and financial liabilities (ether than financial assets and financial liabilities at fair value through profit or loss) are added to at deducted from the fairvalue ofthe financial assets or financial liabilities as appropriate on initial recognition Transaction costs directly attributable to the acquisition ?( financial assets pr financial liabilities at fair value through profit or lass are recognised immediately in prnfil or loss

Initial recognition

T ne Company recognizes financial assets and linanc^l liabilities when il becomes a party to Ihe contractual provisions of Ihe instrument. All financial assets and liabilities are recognized at fair value on initial re cognition, except lor trade receivables which are Initially measured at transaction price Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, that are not at fair value through Statement of Profit and Loss are added to the fair value on initial recognition Regular way purchase and sale

Subsequent measure mem

A. Non-derivative financial inslruments

Financial assets carried at amortised cost

A financial asset is subsequently measured at amortised cost if It is herd within a business model whose objective is to hold the asset in order to collect contractual cash flows and the contractual terms of tha fin an eta I asset give rise on specified oates to cash flows that are solely payments of principal and interest on the principal amount outstanding

Financial assets at fair value through other comprehensive Income

A financial assel is Subsequently measured a! fair value through older comprehensive income if II rs Meld withm a business model whose objective is achieved by both collecting contractual cash Mows and selling financial assets and the contractual terms of the financial asset gwe rise on specified dates to cash flows thal are solely payments oF principal and interest on the principal amount outstanding Further in oases where the Company has made an irrevocable election based on its business model for irs investments which are classified as equity instruments, the subsequent changes in fair value are recognized in other comprehensive income

Financial assets affair value through profit and loss (FVTPL)

A financial assel which is nol classified in any of the above categories are subsequently fair valued through Statement of Profit and Loss

Financial liabilities

Financial liabilities are subsequently earned at amortized cost using Ihe effective interest method excepl for contingent consideration recog mzed iq a business combination which ts subsequently measured at fair value Ihrough Statement of profit and Loss. For trade and other payehtes maturing within one year from the Balance Sheer date the carrying amounts approximate the fair value due !o Ihe short maturity of these instruments

5. Share Capital

Ordinary shares are classified as equity Incremental costs directly attributable to the issuance ol new ordinary shares are recognized as a deduction from equity, net of any tax effects

Derecognition of financial instruments

The Company da recognizes a financial asset when The contractual nghts to The cash flows from the financial asset expire or ittransfersthe financial asset and the transfer qualifies for de-recognition under inu AS 109 A financial liability tor a pan of a financial liability) is derecognized from the Company s balance sheet when the obligation specified in the contract is discharged or cancelled or expires

Impairment qf financial assets

In accordance with ind AS 103,The Company recognizes Loss allowances using the expected credit loss 4(ECLi model tor the Financial assets which erf: nol Fair valued Ihrough Statement of Profit and Loss Loss allowance fur trade receivables with no significant financing component is measured at an amount equal to lifetime ECL For all other financial assets expected credit fosses are measured at an amount equal to the 12-month ECL. unless there has been a significant Increase In credit risk from I ml la I recognition In which case those are measured at lifetime ECL The amount of expected credrt losses (or reversal) that is required to adjust the loss allowance at the reporting dale to the amount that is required to be recognised is tecogmsed as an impairment gam or loss m Statement of Profit and Loss

3,DO Operating cycle and basis of classification of assets and liabilities

a The real estate development projects undertaken by the Company is generally run over a period ranging upio 5 years Operating assets and liabilities relating to such projects are classified as current based on an operating cycle of 5 years Borrowings In connection with such projects are classified as current since they form part ol working capital of the respective projects

D Assets and liabilities other than those discussed in paragraph (at above, are classified as current ta Ihe extent they are expected to be realised I are contractually repayable within 12 monlhs Irom the Balance Sheet date and as non-CUtrent, in other cases

Current versus non-current classification

The Company presents assets and liabilities in ihe balance sheet based on current/ non-currenl classification An asset is treated as current when it is

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Mar 31, 2015

1. The company operate in two segments namely. Cables and wires and property development

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Mar 31, 2014

1 Balances of the sundry debtors and sundry creditors are subject to confirmation.

2 The company operate in two segments namely. Cables and wires and property development

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Mar 31, 2013

1 Balances of the sundry debtors and sundry creditors are subject to confirmation.

2 Related party disclosure

There are no related party transactions during the year

3 The company operate in two segments namely. Cables and wires and property development

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Mar 31, 2011

1. CONTINGENT LIABILITIES INCLUDE:

Letters of Credit : The Letters of Credit issued by the Company at the close of the year not acknowledged as debts is Rs. Nil (Previous Year - Nil)

2. Provision for income-tax has not been made in the absence of taxable income.

3. Sundry Creditors, Debtors, Loans and Advances are subject to confirmation.

4. Debts due from Companies in which Directors are interested are as follows:

Maximum amount due during the year —- —-

5. The Company has repaid the entire amount due for Interest Free Sales Tax Loan

6. The details regarding classification of dues of Creditors such as SSI & Non-SSI is not given in the absence of adequate information from Sundry Creditors.

7. The Company operates in two segments viz. Cables and Wires and property development.

8. Related Party disclosure

Information relating to related party transactions for the year ended 31st March 2011

9. Deferred tax asset (net) arising on account of brought forward losses and unabsorbed depreciation under tax laws are recognised only if there is reasonable certainity that sufficient future taxable income will be available against which such deferred tax assets can be realised.

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Mar 31, 2010

1. The Estimated value of contracts remaining unexecuted Nil Nil on Capital Account at the close of the Accounting Year

2. CONTINGENT LIABILITIES INCLUDE:

Letters of Credit: The Letters of Credit issued by the Company at the close of the year not acknowledged as debts is Nil (Previous Year - Nil)

3. Provision for income-tax has not been made in the absence of taxable income.

4. Sundry Creditors, Debtors, Loans and Advances are subject to confirmation.

5. The Company has repaid the entire amount due for Interest Free Sales Tax Loan

6. The details regarding classification of dues of Creditors such as SSI & Non-SSI is not given in the absence of adequate information from Sundry Creditors.

7. The Company operates in two segments viz. Cables and Wires and property development but during the year there is no revenue in cable segment

8. Deferred tax asset (net) arising on account of brought forward losses and unabsorbed depreciation under tax laws are recognised only if there is reasonable certainity that sufficient future taxable income will be available against which such deferred tax assets can be realised.