Madhav Copper Ltd. இன் கணக்கு குறிப்புகள்

Mar 31, 2025

12. Provisions

Provisions are recognized when the company has a present obligation (legal or constructive) as a result
of a past event and it is probable that the company will be required to settle the obligation, and are
liable estimate can be made of the amount of the obligation.

13. Events Occurring after the Reporting Period

The company adjusts the amount recognized in its financial statements to reflect adjusting material
events after the reporting period and does not adjust the amount to reflect non-adjusting events after
the reporting period. However, where retrospective restatement is not practicable for a particular
prior period then the circumstances that lead to the existence of that condition and the description of
how and from where the error is corrected are disclosed in Notes on Accounts.

14. Prior Period Items

Errors of material amount relating to prior period(s) are disclosed by a note with nature of prior period
errors, amount of correction of each such prior period presented retrospectively, to the extent
practicable along with change in basic and diluted earnings per share. However, where retrospective
restatement is not practicable for a particular period then the circumstances that lead to the existence
of that condition and the description of how and from where the error is corrected are disclosed in
Notes on Accounts.

15. Dividends

Final dividend on shares are recorded as a liability on the date of approval by the shareholders in
general meeting and interim dividends are recorded as a liability on the date of declaration by the
directors in the meeting of the Board of Directors.

20. Other financial assets

Credit risk relating to cash and cash equivalents is considered negligible because our counter parties
are scheduled banks. We consider the credit quality of term deposits with such banks as good as these
banks are under the regulatory framework of Reserve Bank of India. We review these banking
relationships on an ongoing basis.

21. Capital Management

For the purpose of the Company''s capital management, capital includes issued equity capital and all
other equity reserves attributable to the Company. The primary objective of the Company''s capital
management is to maximize the shareholder value.

22. The physical verification of raw materials, WIP and finished goods have been conducted
departmentally at reasonable intervals during the year. In respect of stores and spares, advisable
to physical verify the same from external agencies once during the year. Shortages/ (Excesses)
identified on such physical verification have been duly adjusted in the books of accounts.

23. In the opinion of the board of directors, the current assets, loans and advances are approximately
of the same value if realized in the ordinary courses of business and the provision for all known
liabilities is adequately made and not in excess of the amount reasonably consider necessary.

24. GST pre-deposit amount recovered by GST department in cash as well as by reducing credit
balance of GST. Company has created such pre-deposit accounts in the books as " GST Under
Protest account" as the same amount is not yet confirm to pay as the appeal is filed by the
company.

The previous year''s figures have been regrouped / rearranged, wherever necessary.

Signatures to Notes 2 to 28 of profit & loss and Balance Sheet.

As per our report of even date

For and on behalf of Board

For, NIRAV PATEL & CO. MADHAV COPPER LTD.

Chartered Accountants

SD/-

[Rinku N. Patel] Rohitbhai B. Chauhan Nilesh N. Patel

Partner. (Managing Director) (Whole Time Director)

M.No. 171232 (DIN:06396973) (DIN:05319890)

FRN. 134617W Date :27/05/2024 Place: Bhavnagar

Place: Bhavnagar

Date :27/05/2024 Kamlesh Solanki Sneha Langaliya

UDIN:25171232BMOVLO2347 Chief Financial Officer Company Secretary

---

Mar 31, 2024

Term Loan from Bank of Baroda is secured By the hypothication of all Plant & Machinery factory a) Building & Gauranteed by the directors of the company Repayable in 60 monthly insttallments and No defaults.

Term Loan for Vehicles from BOB Main Br.is against hypothication of Vehicle and repayable in 36 ⁾ Monthly Installments and No defaults.

In the absence of any Information from vendors regarging the status of their registration under "Micro Small and Medium Enterprise Development Act, 2006", the company is unable to comply with the disclosure required to be made under the said Act.

27. Additional Regulatory Information(i) Details of Benami Property held:

The Company do not have any Benami property, where any proceedings has been initiated or pending against the Company for holding any Benami property.

(ii) Details of Loans and advances

The company has not granted any loans and advances to promoters, directors, key managerial personnel (KMPs) and the related parties which are repayable on demand or without specifying any terms or period of repayment.

(iii) Willful Defaulter

The company has not been declared as a willful Defaulter by any Financial Institution or bank as on the date of Balance Sheet.

(iv) Relationship with Struck off Companies

The Company do not have any relationship with companies which are struck off.

(v) Registration of charges or satisfaction with Registrar of Companies (ROC)

The company has no pending charges and satisfaction of charges against the HDFC Truck Loan which are yet to be registered with the ROC beyond the statutory period.

(vi) Compliance with number of layers of companies

The company has complied with the provision of the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.

(vii) Compliance with approved Scheme(s) of Arrangements

There are no Schemes of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act,

(viii) Discrepancy in utilization of borrowings

The company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date. There are no discrepancy in utilization of borrowings.

(ix) Utilization of Borrowed funds and share premium:

(A) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries).

(B) the company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party).

The company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (intermediaries) with the understanding that the intermediary 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;

The Company have 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: 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.

28. Additional Information(i) Undisclosed income

The Company has no transaction that is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

(ii) Details of Crypto Currency or Virtual Currency

The company has not traded or invested in Crypto currency or Virtual Currency.

---

Mar 31, 2023

12. Provisions

Provisions are recognized when the company has a present obligation (legal or constructive) as a result of a past event and it is probable that the company will be required to settle the obligation, and are liable estimate can be made of the amount of the obligation.

13. Events Occurring after the Reporting Period

The company adjusts the amount recognized in its financial statements to reflect adjusting material events after the reporting period and does not adjust the amount to reflect non-adjusting events after the reporting period. However where retrospective restatement is not practicable for a particular prior period then the circumstances that lead to the existence of that condition and the description of how and from where the error is corrected are disclosed in Notes on Accounts.

14. Prior Period Items

Errors of material amount relating to prior period(s) are disclosed by a note with nature of prior period errors, amount of correction of each such prior period presented retrospectively, to the extent practicable along with change in basic and diluted earnings per share. However where retrospective restatement is not practicable for a particular period then the circumstances that lead to the existence of that condition and the description of how and from where the error is corrected are disclosed in Notes on Accounts.

15. Dividends

Final dividend on shares are recorded as a liability on the date of approval by the share holders in general meeting and interim dividends are recorded as a liability on the date of declaration by the directors in the meeting of the Board of Directors

20. Other financial assets

Credit risk relating to cash and cash equivalents is considered negligible because our counter parties are scheduled banks. We consider the credit quality of term deposits with such banks as good as these banks are under the regulatory framework of Reserve Bank of India. We review these banking relationships on an ongoing basis.

21. Capital Management

For the purpose of the Company''s capital management, capital includes issued equity capital and all other equity reserves attributable to the Company. The primary objective of the Company''s capital management is to maximize the shareholder value.

22. The physical verification of raw materials, WIP and finished goods have been conducted

departmentally at reasonable intervals during the year. In respect of stores and spares, advisable to physical verify the same from external agencies once during the year. Shortages/ (Excesses) identified on such physical verification have been duly adjusted in the books of accounts.

23. In the opinion of the board of directors, the current assets, loans and advances are approximately of the same value if realized in the ordinary courses of business and the provision for all known liabilities is adequately made and not in excess of the amount reasonably consider necessary.

24. GST Related accounts is not set off or adjusted because on GST portal all the GST credit is freeze.

The previous year''s figures have been regrouped / rearranged, wherever necessary.

Signatures to Notes 2 to 27 of profit & loss and Balance Sheet.

As per our report of even date

For and on behalf of Board

MADHAV COPPER LTD.

For, NIRAV PATEL & CO.

Chartered Accountants SD/-

[Rinku N. Patel] Rohitbhai B. Chauhan Nilesh Patel

Partner. (Managing Director) (Whole Time Director)

M.No. 171232 (DIN:06396973) (DIN:05319890)

FRN. 134617W

Kamlesh Solanki CS Sneha Langaliya

Chief Financial Officer Company Secretary

Place: Bhavnagar. M. No. A52720

Date : 10/05/2023

UDIN: 23171232BGXUTZ8531

(i) Details of Benami Property held:

The Company do not have any Benami property, where any proceedings has been initiated or pending against the Company for holding any Benami property.

(ii) Details of Loans and advances

The company has not granted any loans and advances to promoters, directors, key managerial personnel

(KMPs) and the related parties which are repayable on demand or without specifying any terms or period of repayment.

(iii) Willful Defaulter

The company has not been declared as a willful Defaulter by any Financial Institution or bank as on the date of Balance Sheet.

(iv) Relationship with Struck off Companies

The Company do not have any relationship with companies which are struck off.

(v) Registration of charges or satisfaction with Registrar of Companies (ROC)

The company has no pending charges and satisfaction of charges against the HDFC Truck Loan which are yet to be registered with the ROC beyond the statutory period.

(vi) Compliance with number of layers of companies

The company has complied with the provision of the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.

(vii) Compliance with approved Scheme(s) of Arrangements

There are no Schemes of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act,

(viii) Discrepancy in utilization of borrowings

The company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date. There are no discrepancy in utilization of borrowings.

(ix) Utilization of Borrowed funds and share premium:

(A) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries).

(B) the company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party).

The company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (intermediaries) with the understanding that the intermediary 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;

The Company have 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: 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.

(i) Undisclosed income

The Company has no transaction that is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

(ii) Details of Crypto Currency or Virtual Currency

The company has not traded or invested in Crypto currency or Virtual Currency.

(iii) Foreign Currency Earnings, Outgo, ETC:

There are no such transaction of Import and Export during the year.

In terms of our attached report of even date.

For and on behalf of Board MADHAV COPPER LTD.

For, NIRAV PATEL & CO.

Chartered Accountants

SD/- SD-/ SD/-

[Rinku N. Patel] Rohitbhai B. Chauhan Nilesh N Patel

Partner. (Managing Director) (Whole Time Director)

M.No.171232 (DIN:06396973) (DIN:05319890)

FRN. 134617W

SD/- SD/-

Kamlesh Solanki CS Sneha Langaliya

Chief Financial Officer Company Secretary

M No. A52720

Place: Bhavnagar.

Date : 10/05/2023

UDIN: 23171232BGXUTZ8531