Falcon Technoprojects India Ltd. இன் கணக்கு குறிப்புகள்

Mar 31, 2025

XVIII. Provision, Contingent Liability and Contingent Assets:

Provisions involving substantial degree of estimation measurement are recognized when
there is present obligation as a result of past events, and it is possible that there will be an
outflow of resources. Contingent liabilities are not recognized but are disclosed in the notes.
Contingent assets are neither recognized nor disclosed in the financial statements.

NOTES TO THE FINANCIAL STATEMENTS:

25. Contingent Liabilities of the Company:

a. Performance Bank Guarantee Rs. 76.94 lakh (Previous Year 2023-2024 is Rs. 90.22 lakh/-)

b. During the year the GST Audit Department has issued Show Cause Notice (SCN) dated
23.08.2023. In the said SCN the GST audit department has calculated GST liability of
Rs.42,63,396/- (CGST of Rs.21,31,698/- and SGST of Rs.21,31,698/-), The matter required
adjudication. Further till date demand notice has not been served on the company.

26. The balances of Sundry Debtors and Sundry Creditors are subject to confirmation from
respective parties.

27. In the opinion of the Board of Directors, Current Assets, Loans and Advances have a value
on realization at least equal to the amount at which they are started in Balance sheet.
Adequate provisions have been made for all known liabilities except stated otherwise.

28. The company has not received information from vendors regarding their status under the
Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure relating

to amounts unpaid as at year end together with interest paid/payable under this Act has not
been given.

29. Expenditure in Foreign Currency: Rs. NIL (Previous Year - Rs. NIL)

30. CIF Value of Import Rs. Nil (Previous Year -Rs. Nil/-)

31. Impairment of Assets:

The Company has not recognized any loss on impairment in respect of assets of the
Company as is required in terms of Accounting Standard 28 on Impairment of Assets issued
by Institute of Chartered Accountants of India, since in the opinion of management the
reduction if any in value of assets, to the extent required, has been provided in the books.

36. No Transaction to report against the following disclosure required as notified by
MCA pursuant to amended Schedule III:

> Crypto Currency or Virtual Currency.

> Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and
rules made thereunder.

> The company has no transaction with company struck-off under section 248 of the
Companies Act, 2013 or Section 560 of the Companies Act, 1956.

> As the company has no holding or subsidiary company, requirement with respect to
number of layers prescribed under Clause 87 of Sub section 2 of the Companies Act,
2013 read with Companies (restriction on number of layers) rules, 2017 is not
applicable.

37. Previous year''s figures have been regrouped / reclassified wherever necessary to correspond
with the current year''s classification / disclosure.

38. During the year ended on March 31, 2022, 2023 & 2024 and during the 9 months ended
December 31, 2024, the Company has not advanced or loaned or invested funds (either
borrowed funds or share premium or kind of funds) to any other person(s) or entity(ies),
including foreign entities (Intermediaries) with the understanding (whether recorded in
writing or otherwise) that the Intermediary shall 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 provide any guarantee, security or the like to or on behalf of the

beneficiaries.

^{During the year} ended on March 31, 2022, 2023 & 2024 and during the 9 months ended

December 31, 2024, the Company has not received any fund 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 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 provide any guarantee, security, or the like on
behalf of the ultimate beneficiaries.

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Mar 31, 2024

Note 3.1 The Company has only one class of equity shares. Each holder of equity shares is entitled to onevote per share.

Note 3.2 During the year 28,50,000 Nos of Bonus shares has been issued and there is fresh issue of Equity Shares thorugh the Preferential Allotment of 5,18,793 Nos of shares of Rs. 10 each Note 3.3 There is change in the number of shares outstanding at the beginning and at the end of the year Note 3.4 There is change in the pattern of shareholding during the year.

Note 3.5 In the event of liquidation, the equity shareholders are eligible to receivethe remaining assets of the Company after distribution of all preferential amount, in proportion to their shareholding.

Primary Securities:

i) Hypothecation of Stock of Raw Material, Semi Finished Goods, Finished Goods.

ii) Hypothecation of Book Debts arising out of genuine trade transactions outstanding not more than 90

days._

Collateral Securities:_

i) Flat No.504, 5 floor,Building No A Nira Complex (AType) CHS Ltd., Village Goddeo, Bhayander East, Thane-401105.

ii) Rat No.2, BuildingNo.3, Centelia, Acme Ozone, Vllage Chitalsar, Manpada Taluka and Dist Thane.

iii) Unit No.B-505, B-wing, 5T floor, Lodha Supremus Thane, Kolshet

iv) Vllage Balkum Kolshet and Dhokali Taluka and District Thane-400607

v) Rat No.2605, 26 Roor, A-wing, Hubtown Greenwoods Building, Pokhran Road No. I, Vartak Nagar, Vllage Majiwade Thane-400606.

vi) Shop No.116, 1ST Roor, Building No.2," Keshav Vasudev Sky High, Kanakia Road, Beverly Park, Mira Road East, Thane-401107

Note 7.2 : Working Capital Facility from NBFC of Rs.70.00 Lakhs is secured by bank guarantee of Rs. 70 lakhs.

Steps have been taken to identify the suppliers who qualifyunder the definition of micro and small enterprises, as defined under the Micro, Small and Medium Enterprises Development Act 2006. Since no intimation has been received from the suppliers regarding their status under the said Act as at 31st March 2024, disclosures relating to amounts unpaid as at the year end, if any, have not been furnished. In the opinion of the management, the impact of interest, if any, that may be payable in accordance with

the provicionc of the Act io not expected to be material_

Current ratios:

Due to infusion of more funds by way of Capital and repayment of current liabilities has resulted into improved current ratio.,

Debt Equity Ratios

Due to allotment of Equity Shares to the promoter has resulted into improved Debt Equity Ratio Return on equity ratios

During the year the company has made fresh allotment of equity shares which has impacted Return on Equity Ratio

Inventory Turnover Ratio, Trade receivables turnover ratio and Trade payables turnover ratio

Due to decrease in Turnover

Net capital turnover ratio

During the year the company has made fresh allotment of equity shares which has impacted Net capital turnover ratio

Return on capital employed

During the year the company has made fresh allotment of equity shares which has impacted Return on capital employed

25. Contingent Liabilities of the Company:

a. Performance Bank Guarantee Rs. 90.22 lakh (Previous Year 2022-2023 is Rs. 88.01 lakh/)

b. During the year the GST Audit Department has issued Show Cause Notice (SCN) dated 23.08.2023. In the said SCN the GST audit department has calculated GST liability of Rs.42,63,396/- (CGST of Rs.21,31,698/- and SGST of Rs.21,31,698/-). The matter required adjudication. Further till date demand notice has not been served on the company.

26. The balances of Sundry Debtors and Sundry Creditors are subject to confirmation from

respective parties.

27. In the opinion of the Board of Directors, Current Assets, Loans and Advances have a value

on realization at least equal to the amount at which they are started in Balance sheet. Adequate provisions have been made for all known liabilities except stated otherwise.

28. The company has not received information from vendors regarding their status under the

Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure relating to amounts unpaid as at year end together with interest paid/payable under this Act has not been given.

29. Expenditure in Foreign Currency: Rs. NIL (Previous Year - Rs. NIL)

30. CIF Value of Import Rs. Nil (Previous Year -Rs. Nil/-)

31. Impairment of Assets:

The Company has not recognized any loss on impairment in respect of assets of the Company as is required in terms of Accounting Standard 28 on Impairment of Assets issued by Institute of Chartered Accountants of India, since in the opinion of management the reduction if any in value of assets, to the extent required, has been provided in the books.

36. No Transaction to report against the following disclosure required as notified by MCA

pursuant to amended Schedule III:

> Crypto Currency or Virtual Currency.

> Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder.

> The company has no transaction with company struck-off under section 248 of the Companies Act, 2013 or Section 560 of the Companies Act, 1956.

> As the company has no holding or subsidiary company, requirement with respect to number of layers prescribed under Clause 87 of Sub section 2 of the Companies Act, 2013 read with Companies (restriction on number of layers) rules, 2017 is not applicable.

>

37. Previous year''s figures have been regrouped / reclassified wherever necessary to

correspond with the current year''s classification / disclosure.