Samsrita Labs Ltd. நிறுவனத்தின் கணக்கியல் கொள்கைகள்

Mar 31, 2025

1.1. Basis for preparation of financial statements:

a) Compliance with Indian Accounting Standards (Ind AS)

The financial statements have been prepared in accordance with Indian Accounting Standards (Ind AS)
as per the Companies (Indian Accounting Standards) Rules, 2015 notified under section 133 of the
Companies Act, 2013.

The same accounting policies have been applied for all the periods presented except when the company
has made use of certain exceptions.

The financial statements have been prepared on the historical cost basis except for certain instruments
that are measured at fair values at the end of each reporting period, as explained in the accounting
policies below.

Historical cost is generally based on the fair value of the consideration given in exchange for goods and
services. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an
orderly transaction between market participants at the measurement date, regardless of whether that
price is directly observable or estimated using another valuation technique.

All assets and liabilities have been classified as current or non-current as per the Company''s normal
operating cycle and other criteria set out in the schedule III of the Act. The Company has determined its
operating cycle as twelve months for the purpose of current-noncurrent classification of assets and
liabilities.

The financial statements are presented in Indian Rupees which is also its functional currency. All amounts
have been rounded - off to the nearest rupees, unless otherwise indicated.

b) Use of estimates and judgment

In preparing these financial statements, management has made judgments, estimates and assumptions
that affect the application of accounting policies and the reported amounts of certain assets, liabilities,
income and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognized prospectively.

1.2. Property, Plant and Equipment & Depreciation

Items of Property, Plant and Equipment are stated at cost less accumulated depreciation.

Cost of an item of property, plant and equipment comprises its purchase price, including import duties and
non-refundable purchase taxes, after deducting trade discounts and rebates, any directly attributable
cost of bringing the item to its working condition for its intended use and estimated costs of dismantling
and removing the item and restoring the site on which it is located.

The cost of a self-constructed item of property, plant and equipment comprises the cost of materials and
direct labor, any other costs directly attributable to bringing the item to working condition for its intended
use, and estimated costs of dismantling and removing the item and restoring the site on which it is
located.

If significant parts of an item of property, plant and equipment have different useful lives, then they are
accounted for as separate items (major components) of property, plant and equipment.

Any gain or loss on disposal of an item of property, plant and equipment is recognized in profit or loss.

Assets are tested for impairment whenever events or changes in circumstances indicate that the carrying
amount may not be recoverable. An impairment loss is recognized for the amount by which the asset''s
carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset''s fair
value less cost of disposal and value in use. For the purposes of assessing impairment, assets are
grouped at the lowest levels for which there are separately identifiable cash inflows which are largely
independent of the cash inflows from other assets or groups of assets (cash-generating units).

Depreciation on the fixed assets has been provided based on useful lives as prescribed under part C of
the schedule II of the companies'' act, 2013.

Depreciation method, useful lives and residual values are reviewed at each financial year-end and
adjusted if appropriate.

Depreciation on additions (disposals) is provided on a pro-rata basis i.e., from (up to) the date on which
asset is ready for use (disposed of).

1.3 Impairment of non-financial assets

The Company''s non-financial assets, other than deferred tax assets are reviewed at each reporting date
to determine whether there is any indication of impairment. If any such indication exists, then the asset''s
recoverable amount is estimated.

For impairment testing, assets that do not generate independent cash inflows are grouped together into
cash-generating units (CGUs). Each CGU represents the smallest group of assets that generates cash
inflows that are largely independent of the cash inflows of other assets or CGUs.

The recoverable amount of a CGU (or an individual asset) is the higher of its value in use and its fair value
less costs to sell. Value in use is based on the estimated future cash flows, discounted to their present
value using a pre-tax discount rate that reflects current market assessments of the time value of money
and the risks specific to the CGU (or the asset).

An impairment loss is recognized if the carrying amount of an asset or CGU exceeds its estimated
recoverable amount. Impairment losses are recognized in the statement of profit and loss. Impairment
loss recognized in respect of a CGU is allocated first to reduce the carrying amount of any goodwill
allocated to the CGU, and then to reduce the carrying amounts of the other assets of the CGU (or group of
CGUs) on a pro rata basis.

1.4 Intangible assets

Intangible assets are amortized over the estimated useful lives and assessed for impairment whenever
there is an indication that the intangible asset may be impaired. The amortization period and the
amortization method are reviewed at least at each financial year end. Changes in the expected useful life
or the expected pattern of consumption of future economic benefits embodied in the asset is accounted
for by changing the amortization period or method, as appropriate, and are treated as change in
accounting estimates. The amortization expense on intangible assets with finite useful lives is recognized
in profit or loss.

1.5 Inventory

Cost of inventories have been computed to include all costs of purchases (including materials), cost of
conversion and other costs incurred, as the case may be, in bringing the inventories to their present
location and condition.

Stores and consumables are valued at cost arrived at on FIFO basis or net realisable value, whichever is
lower.

1.6 Foreign currencies transactions and translations

Transactions in foreign currencies are recorded at the exchange rate prevailing on the date of transaction.
Monetary assets and liabilities denominated in foreign currencies are translated at the functional
currency closing rates of exchange at the reporting date.

The gain or loss on decrease/increase in reporting currency due to fluctuations in foreign exchange rates,
in case of monetary current assets and liabilities in foreign currency, are recognized in the Statement of
Profit and Loss.

Non-monetary items that are measured in terms of historical cost in a foreign currency are recorded using
the exchange rates at the date of the transaction.

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Mar 31, 2024

1. Significant Accounting Policies & Notes annexed to and forming part of the Financial Statements

1.1. Basis for preparation of financial statements:

a) Compliance with Indian Accounting Standards (Ind AS)

The financial statements have been prepared in accordance with Indian Accounting Standards (Ind AS) as
per the Companies (Indian Accounting Standards) Rules, 2015 notified under section 133 of the Companies
Act, 2013.

The same accounting policies have been applied for all the periods presented except when the company
has made use of certain exceptions.

The financial statements have been prepared on the historical cost basis except for certain instruments that
are measured at fair values at the end of each reporting period, as explained in the accounting policies
below.

Historical cost is generally based on the fair value of the consideration given in exchange for goods and
services. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an
orderly transaction between market participants at the measurement date, regardless of whether that price
is directly observable or estimated using another valuation technique.

All assets and liabilities have been classified as current or non-current as per the Company''s normal
operating cycle and other criteria set out in the schedule III of the Act. The Company has determined its
operating cycle as twelve months for the purpose of current-noncurrent classification of assets and
liabilities.

The financial statements are presented in Indian Rupees which is also its functional currency. All amounts
have been rounded - off to the nearest rupees, unless otherwise indicated.

b) Use of estimates and judgment

In preparing these financial statements, management has made judgments, estimates and assumptions
that affect the application of accounting policies and the reported amounts of certain assets, liabilities,
income and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognized prospectively.

1.2. Property, Plant and Equipment & Depreciation

Items of Property, Plant and Equipment are stated at cost less accumulated depreciation.

Cost of an item of property, plant and equipment comprises its purchase price, including import duties and
non-refundable purchase taxes, after deducting trade discounts and rebates, any directly attributable cost
of bringing the item to its working condition for its intended use and estimated costs of dismantling and
removing the item and restoring the site on which it is located.

The cost of a self-constructed item of property, plant and equipment comprises the cost of materials and
direct labor, any other costs directly attributable to bringing the item to working condition for its intended use,
and estimated costs of dismantling and removing the item and restoring the site on which it is located.

If significant parts of an item of property, plant and equipment have different useful lives, then they are
accounted for as separate items (major components) of property, plant and equipment.

Any gain or loss on disposal of an item of property, plant and equipment is recognised in profit or loss.

Assets are tested for impairment whenever events or changes in circumstances indicate that the carrying
amount may not be recoverable. An impairment loss is recognised for the amount by which the asset''s
carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset''s fair
value less cost of disposal and value in use. For the purposes of assessing impairment, assets are grouped
at the lowest levels for which there are separately identifiable cash inflows which are largely independent of
the cash inflows from other assets or groups of assets (cash-generating units).

Depreciation on the fixed assets has been provided based on useful lives as prescribed under part C of the
schedule II of the companies'' act, 2013.

Depreciation method, useful lives and residual values are reviewed at each financial year-end and adjusted
if appropriate.

Depreciation on additions (disposals) is provided on a pro-rata basis i.e., from (up to) the date on which
asset is ready for use (disposed of).

1.3 Impairment of non-financial assets

The Company''s non-financial assets, other than deferred tax assets are reviewed at each reporting date to
determine whether there is any indication of impairment. If any such indication exists, then the asset''s
recoverable amount is estimated.

For impairment testing, assets that do not generate independent cash inflows are grouped together into
cash-generating units (CGUs). Each CGU represents the smallest group of assets that generates cash
inflows that are largely independent of the cash inflows of other assets or CGUs.

The recoverable amount of a CGU (or an individual asset) is the higher of its value in use and its fair value
less costs to sell. Value in use is based on the estimated future cash flows, discounted to their present value
using a pre-tax discount rate that reflects current market assessments of the time value of money and the
risks specific to the CGU (or the asset).

An impairment loss is recognised if the carrying amount of an asset or CGU exceeds its estimated
recoverable amount. Impairment losses are recognised in the statement of profit and loss. Impairment loss
recognised in respect of a CGU is allocated first to reduce the carrying amount of any goodwill allocated to
the CGU, and then to reduce the carrying amounts of the other assets of the CGU (or group of CGUs) on a
pro rata basis.

1.4 Intangible assets

Intangible assets are amortized over the estimated useful lives and assessed for impairment whenever
there is an indication that the intangible asset may be impaired. The amortization period and the
amortization method are reviewed at least at each financial year end. Changes in the expected useful life or
the expected pattern of consumption of future economic benefits embodied in the asset is accounted for by
changing the amortization period or method, as appropriate, and are treated as change in accounting
estimates. The amortization expense on intangible assets with finite useful lives is recognized in profit or
loss.

1.5 Inventory

Cost of inventories have been computed to include all costs of purchases (including materials), cost of
conversion and other costs incurred, as the case may be, in bringing the inventories to their present location
and condition.

Stores and consumables are valued at cost arrived at on FIFO basis or net realisable value, whichever is
lower.

1.6 Foreign currencies transactions and translations

Transactions in foreign currencies are recorded at the exchange rate prevailing on the date of transaction.
Monetary assets and liabilities denominated in foreign currencies are translated at the functional currency
closing rates of exchange at the reporting date.

The gain or loss on decrease/increase in reporting currency due to fluctuations in foreign exchange rates, in
case of monetary current assets and liabilities in foreign currency, are recognised in the Statement of Profit
and Loss.

Non-monetary items that are measured in terms of historical cost in a foreign currency are recorded using
the exchange rates at the date of the transaction.

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Mar 31, 2018

1. Significant Accounting Policies & Notes annexed to and forming part of the financial Statements 1.1. Basis for preparation of financial statements:

a) Compliance with Indian Accounting Standards (Ind As)

The financial statements have been prepared in accordance with Indian Accounting Standards (Ind As) as per the Companies (Indian Accounting Standards) Rules, 2015 notified under section 133 of the Companies Act, 2013. Up to the year ended March 31, 2017, the Company prepared financial statements in accordance with the requirements of previous GAAP, which includes Standards notified under the Companies (Accounting Standards) Rules, 2006.

These are the Company''s first Ind As financial statements. The date of transition to Ind As is April 1, 2016.

b) First time adoption

In accordance with Ind As 101 on First- time adoption of Indian Accounting Standards, the Company has prepared its first Ind As financial statements which include:

(i) Three Balance sheets namely, the opening Balance Sheet as at 1^st April, 2016

(The transition date) by recognizing all assets and liabilities whose recognition is required by Ind As, not recognizing assets or liabilities which are not permitted by Ind As, by reclassifying assets and liabilities from previous GAAP as required by Ind As and applying Ind As in measurement of recognized assets and liabilities; and Balance Sheets as at March 31, 2018 and 2017; and

(ii) Two Statements each of profit and loss; cash flows and changes in equity for the years ended March 31, 2018 and 2017 together with related notes.

The same accounting policies have been applied for all the periods presented except when the company has made use of certain exceptions.

The financial statements have been prepared on the historical cost basis except for certain instruments that are measured at fair values at the end of each reporting period, as explained in the accounting policies below.

Historical cost is generally based on the fair value of the consideration given in exchange for goods and services. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, regardless of whether that price is directly observable or estimated using another valuation technique.

All assets and liabilities have been classified as current or non-current as per the Company''s normal operating cycle and other criteria set out in the schedule Ill of the Act. The Company has determined its operating cycle as twelve months for the purpose of current-noncurrent classification of assets and liabilities.

The financial statements are presented in Indian Rupees which is also its functional currency. All amounts have been rounded - off to the nearest rupees, unless otherwise indicated.

c) Use of estimates and judgment

In preparing these financial statements, management has made judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of certain assets, liabilities, income and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized prospectively.

1.2. Property, Plant and Equipment & Depreciation

Items of Property, Plant and Equipment are stated at cost less accumulated depreciation.

Cost of an item of property, plant and equipment comprises its purchase price, including import duties and non-refundable purchase taxes, after deducting trade discounts and rebates, any directly attributable cost of bringing the item to its working condition for its intended use and estimated costs of dismantling and removing the item and restoring the site on which it is located.

The cost of a self-constructed item of property, plant and equipment comprises the cost of materials and direct labor, any other costs directly attributable to bringing the item to working condition for its intended use, and estimated costs of dismantling and removing the item and restoring the site on which it is located.

If significant parts of an item of property, plant and equipment have different useful lives, then they are accounted for as separate items (major components) of property, plant and equipment.

Any gain or loss on disposal of an item of property, plant and equipment is recognized in profit or loss.

Assets are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized for the amount by which the asset''s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset''s fair value less cost of disposal and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units).

Depreciation on the fixed assets has been provided based on useful lives as prescribed under part C of the schedule II of the companies act, 2013.

Depreciation method, useful lives and residual values are reviewed at each financial year-end and adjusted if appropriate.

Depreciation on additions (disposals) is provided on a pro-rata basis i.e. from (upto) the date on which asset is ready for use (disposed of).

Transition to Ind AS: The Company doesn''t have fixed assets as at 1^st April 2016.

1.3 Impairment of non-financial assets

The Company''s non-financial assets, other than deferred tax assets are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, then the asset''s recoverable amount is estimated.

For impairment testing, assets that do not generate independent cash inflows are grouped together into cash-generating units (CGUs). Each CGU represents the smallest group of assets that generates cash inflows that are largely independent of the cash inflows of other assets or CGUs.

The recoverable amount of a CGU (or an individual asset) is the higher of its value in use and its fair value less costs to sell. Value in use is based on the estimated future cash flows, discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the CGU (or the asset).

An impairment loss is recognized if the carrying amount of an asset or CGU exceeds its estimated recoverable amount. Impairment losses are recognized in the statement of profit and loss. Impairment loss recognized in respect of a CGU is allocated first to reduce the carrying amount of any goodwill allocated to the CGU, and then to reduce the carrying amounts of the other assets of the CGU (or group of CGUs) on a pro rata basis.

1.4 Intangible assets

Intangible assets are amortized over the estimated useful lives and assessed for impairment whenever there is an indication that the intangible asset may be impaired. The amortization period and the amortization method are reviewed at least at each financial year end. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset is accounted for by changing the amortization period or method, as appropriate, and are treated as change in accounting estimates. The amortization expense on intangible assets with finite useful lives is recognized in profit or loss.

1.5 Inventory

Cost of inventories have been computed to include all costs of purchases (including materials), cost of conversion and other costs incurred, as the case may be, in bringing the inventories to their present location and condition.

Stores and consumables are valued at cost arrived at on FIFO basis or net realisable value, whichever is lower

1.6 Foreign currencies transactions and translations

Transactions in foreign currencies are recorded at the exchange rate prevailing on the date of transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the functional currency closing rates of exchange at the reporting date.

The gain or loss on decrease/increase in reporting currency due to fluctuations in foreign exchange rates, in case of monetary current assets and liabilities in foreign currency, are recognized in the Statement of Profit and Loss.

Non-monetary items that are measured in terms of historical cost in a foreign currency are recorded using the exchange rates at the date of the transaction.

1.7 Provisions

A provision is recognized when the Company has a present legal or constructive obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which reliable estimate can be made. Provisions (other than employee benefits) are not discounted to its present value and are determined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates.

1.8 Revenue Recognition

Revenue is measured at the fair value of the consideration received or receivable.

Interest Income

Interest income from a financial asset is recognized using effective interest rate method. However, in respect of certain financial assets where it is not probable that the economic benefits associated with the transaction will flow to the entity and amount of revenue cannot be measured reliably, in such cases interest income is not recognized.

1.9 Dividend Income

Dividends will be recognized when the company''s right to receive has been established

1.10 Employee benefits

1.10.1 Short term employee benefits

The undiscounted amount of short term employee benefits are expected to be paid in exchange for the services rendered by employees are recognized as an expense during the period when the employees render the services.

1.10.2 Defined benefit plans

a) Gratuity

In accordance with the Payment of Gratuity Act, 1972, Company provides for gratuity, a defined retirement plan (the “Gratuity Plan”) covering the eligible employees. The Gratuity Plan provides a lump sum payment to vested employees at retirement, death, incapacitation or termination of employment, of an amount based on the respective employee salary and the tenure of employment. Liability with regard to the Gratuity Plan are determined by actuarial valuation as per the requirements of IndAS 19 as of the balance sheet date, based upon which, the Company contributes the ascertained liabilities to Insurer.

b) Provident fund

Eligible employees receive benefits from a provident fund, which is a defined contribution plan. Aggregate contributions along with interest thereon is paid at retirement, death, incapacitation or termination of employment. Both the employee and the Company make monthly contributions to the Regional Provident Fund Commissioner equal to a specified percentage of the covered employee''s salary.

c) Employee State Insurance Fund

Eligible employees (whose gross salary is less than 21,000 per month) are entitled to receive benefit under employee state insurance fund scheme. The employer makes contribution to the scheme at a predetermined rate (presently 4.75%) of employee''s gross salary. The Company has no further obligations under the plan beyond its monthly contributions. These contributions are made to the fund administered and managed by the Government of India. Monthly contributions are charges to income in the year it is incurred.

d Leave encashment

All the employees who have completed their eligible service in the Company are eligible for leave encashment as per policy of the Company and the same is paid to the eligible employee at retirement, death, incapacitation or termination of employment. This amount, as calculated for all the eligible employees, is charged to income and taken as provision in the financial statements.

1.11 Tax Expenses

The tax expense for the period comprises current and deferred tax. Tax is recognized in Statement of Profit and Loss, except to the extent that it relates to items recognized in the comprehensive income or in equity. In which case, the tax is also recognized in other comprehensive income or equity.

Current tax

Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any adjustment to the tax payable or receivable in respect of previous years. The amount of current tax reflects the best estimate of the tax amount expected to be paid or received after considering the uncertainty, if any, related to income taxes. It is measured using tax rates (and tax laws) enacted or substantively enacted by the reporting date.

Current tax assets and current tax liabilities are off set only if there is a legally enforceable right to set off the recognized amounts, and it is intended to realize the asset and settle the liability on a net basis or simultaneously.

Deferred tax

Deferred tax is recognized on temporary differences between the carrying amount of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax is also recognized in respect of carried forward tax losses and tax credits.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset is realized, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The carrying amount of deferred tax liabilities and assets are reviewed at the end of each reporting period.

1.12 Leases

Leases are classified as finance lease whenever the terms of the lease, transfers substantially all the risks and rewards of ownership to the lessee. Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the Statement of Profit and Loss on a straight line basis over the period of the lease.

1.13 Borrowing costs

Borrowing costs incurred for obtaining assets which takes substantial period to get ready for their intended use are capitalized to the respective assets wherever the costs are directly attributable to such assets and in other cases by applying weighted average cost of borrowings to the expenditure on such assets. Other borrowing costs are treated as expense for the year.

Transaction costs in respect of long-term borrowings are amortized over the tenor of respective loans using effective interest method.

1.14 Earnings per equity share

(i) Basic earnings per share

Basic earnings per share is calculated by dividing:

- The profit attributable to owner of the company.

- By the weighted number of equity shares outstanding during the financial year

(ii) Diluted earnings per share

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of share outstanding during the period is adjusted for the effects of all dilutive potential equity shares.

1.15 Financial Instruments

i. Financial assets A. Initial recognition and measurement

All financial assets and liabilities are initially recognized at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, which are not at fair value through profit or loss, are adjusted to the fair value on initial recognition.

a) Financial assets carried at amortized cost (AC)

A financial asset is measured at amortized cost if it is held within a business model whose objective is to hold the asset in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

b) Financial assets at fair value through profit or loss (FVTPL)

A Financial asset which is not classified as AC or FVOCI are measured at FVTPL e.g. investments in mutual funds. A gain or loss on a debt investment that is subsequently measured at fair value through profit or loss is recognized in profit or loss and presented net in the Statement of Profit and Loss within other gains/(losses) in the period in which it arises.

c) Financial assets at fair value through other comprehensive income (FVTOCI)

A financial asset is measured at FVTOCI if it is held within a business model whose Objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

B. Investments in subsidiaries

The Company has accounted for its investments in subsidiaries at cost and not adjusted to fair value at the end of each reporting period. Cost represents amount paid for acquisition of the said investments.

ii. Financial Liabilities

A. Initial recognition

All financial liabilities are recognized at fair value.

B. Subsequent measurement

Financial liabilities are carried at amortized cost using the effective interest method. For trade and other payables maturing within one year from the balance sheet date, the carrying amounts approximate fair value due to the short maturity of these instruments.

1.16 First time adoption of Ind As Transition to Ind As

The Company has adopted Ind As with effect from 1st April 2017 with comparatives being restated. Accordingly the impact of transition has been provided in the Opening reserves as at 1st April, 2016. The figures for the previous period have been restated, regrouped and reclassified wherever required to comply with the requirement of Ind As and Schedule Ill.

1.18.The Board of Directors assesses the financial performance of the Company and make strategic decisions and has been identified as being the Chief Operating Decision Maker (CODM). Based on the internal reporting provided to the CODM, the Company has only one reportable segment i.e. ‘healthcare services which includes hospital, diagnostics, Pharma and Bio technology (R&D)'' and hence no separate disclosures are required under Ind AS 108.

1.20 The Company has not received any information from any of the supplier of their being Micro, Small and medium enterprises. Hence, the amounts due to Micro, Small and Medium enterprises outstanding as on 31-03-2018 was Rs. Nil

1.21.The Company has received confirmation letters from all the major parties of trade payable and trade receivables.

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Mar 31, 2015

1.1. Basis of preparation of financial statements

The financial statements are prepared under the historical cost convention in accordance with the Generally Accepted Accounting Principles Indian (Indian GAAP) to comply with the Accounting Standards notified under the Companies (Accounting Standards) Rules, 2006 (as amended) and the relevant provisions of the Companies Act, 2013 and the accounting standards issued by the Institute of Chartered Accountants of India, as adopted consistently by the company.

1.2. Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires the management to make to estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the results of operations during the reporting year. Although these estimates are based upon management's best knowledge of current events and actions, actual results could differ from these estimates.

1.3. Revenue Recognition

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured.

Sales: Sales comprises of sale of papers, net of trade discounts, however, exclusive of sales tax, which are accounted separately. Sales are recognized on raising invoices and dispatch of goods.

Commission: Commission is accounted as and when the work is completed, bills are raised and right to receive the same is established.

Interest Income: Interest Income is accounted as and when credited by party/ banks to the accounts

All revenues are generally recognized on accrual basis.

1.4. Expenditure Recognition

Expenses are accounted on the accrual basis and provisions for all known losses and liabilities are made.

1.5. Fixed Assets:

Fixed assets were stated at the historical cost which is inclusive of freight, duties installation costs and other incidental expenses incurred up to the installation. However the Company does not hold any fixed assets as on 31.03.2015, as all the fixed assets have been sold during the year 2001-02.

1.6. Going Concern:

All the fixed assets movable and immovable were sold during the year 2001- 02. During this financial year Company has made the Profit of Rs. 2,72,304.25/ - and Company's brought forward losses of earlier years Rs. 1,62,26,749.46 (total loss as on 31st March 2015 is Rs. 1,59,54,445.21) needs to be absorbed. Company's Current good assets exceeded its current liabilities by Rs. 7,98,578.79 and its total liabilities exceeded its total assets by Rs. 1,59,54,445.21. The ability of the Company to continue as a going concern is dependent on the future business plans of the Company and in this case many measures were already taken up by the new management after the takeover. The management's efforts of recovery of receivables are going on and it is reasonably confident about the realization of all the book debts and advances. The management is reasonably confident to continue the business at sustainable levels as there is change in product mix being dealt with and the changes in the management team or approach, however the change will have to transform in to sustainable financials and generation of cash flows have to accrue in future to re-establish the going concern beyond any doubts.

1.7. Accounting for Taxes on Income (AS 22):

The Company, considering accumulated losses and managements perception of virtual uncertainty of making profit in the light of past result and also due to substantial doubt with respect to company's status of going concern, has not created or assumed any Deferred Tax Asset for the previous years and current year as required to be done according to the Accounting Standard 22 issued by Institute of Chartered Accountants of India.

The Advance Tax and Provision for Income Tax are adjusted and only net result is disclosed in the balance sheet.

1.8. Retirement Benefit:

i. The Company is not Covered under Provident fund

ii. The provision for gratuity and leave encashment for the year 2014-15 is made in the books and not provided for

1.9. Investments

Investments that are readily realizable and intended to be held for not more than a year are classified as current investments. However Company has no current investments. All other investments are classified as long term investments.

Long-term investments are carried at cost. However, diminution in value is provided to recognize a decline, other than temporary, in the value of the investments.

1.10. Related party Disclosures:

Related party disclosures have been set out below. The related parties as defined by Accounting Standard 18 " Related party Disclosure " issued by the Institute of Chartered Accountants of India, in respect of which the disclosure have been made, have been identified on the basis of disclosures made by the key managerial persons and taken on record by the Board.

The transactions with the following related parties are listed below:

Name of the Party Nature of relationship Description of Amount of transaction transaction

NIL

1.11. Dues to small scale Industrial undertaking

There are no Undertakings, which are SSI, from whom amounts, outstanding for more than 30days where such due or dues exceeds Rs. 1 lakh. The above information has been compiled in respect of parties to the extent to which they could be identified as small scale and ancillary undertakings based on information available with the Company and furnished.

1.12. Expenditure in foreign Currency - Nil

1.13. Remittance in Foreign currency - Nil

1.14. Earnings in Foreign Exchange - Nil

1.15. Contingent Liabilities

The Company does not have any contingent liability.

1.16. Loans and Advances: In the Opinion of Board of Director, current assets, Loans & Advances have the value at which these are stated in the Balance Sheet if realized in the ordinary course of business and the provisions for all known liabilities is adequate and not in excess of or less than the amount reasonable necessary

1.17. Debtors and Creditors: Balance of trade debtors and creditors are subject to confirmations from the parties

1.18. Bank and Cash Balances: Ratnakar Bank Balance of Rs. 46,668/- (2012-13 Rs. 46,668/-) and Laxmi Vilas Bank balance Rs. 2,806.79 (2012-13 Rs. 2,806.79) are subject to reconciliation and confirmation from the bank

1.19. Target plus Scheme DEPB Receivable (under Trade Receivables): The

Company had dealt with some of the licenses/ Export Incentives under Target plus Scheme in the earlier financial years. Rs.322.99 Lac DEPB income receivable pertaining to this scheme is outstanding from the year 2006-07 and the balance of receivable is subject to confirmation and reconciliation from the respective parties the details of which are not readily available. Considering the time elapsed and also considering the inadequate documentation pertaining to the transactions the debt is classified as doubtful. The company has not made any provision in the books in consideration of doubfullness of the realisability of this material amount due from the third party as the efforts are on to receive the same and management is reasonably confident of realization of this debt.

1.20. The management of the Company has changed the name of the Company during the financial year as PC Products India Ltd. which was earlier known as Jayavant Industries Ltd.

1.20. Previous Year's Figures: Previous year's figures have been regrouped or rearranged or reclassified wherever necessary.

1.21. Figures in the parenthesis relate to the previous year. Previous years figures have been regrouped and rearranged wherever necessary to conform to current year classification.

---

Mar 31, 2014

1.1. Basis of preparation of financial statements

The financial statements are prepared under the historical cost convention in accordance with the Generally Accepted Accounting Principles Indian (Indian GAAP) to comply with the Accounting Standards notified under the Companies (Accounting Standards) Rules, 2006 (as amended) and the relevant provisions of the Companies Act, 1956 and the accounting standards issued by the Institute of Chartered Accountants of India, as adopted consistently by the company.

1.2. Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires the management to make to estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the results of operations during the reporting year. Although these estimates are based upon management's best knowledge of current events and actions, actual results could differ from these estimates

1.3. Revenue Recognition

All revenues are generally recognized on accrual basis.

1.4. Fixed Assets:

Fixed assets were stated at the historical cost which is inclusive of freight, duties installation costs and other incidental expenses incurred upto the installation. However Company does not hold any Fixed Assets as on 31.03.2014, as all the fixed assets have been sold during the year 2001-02.

1.5. Going Concern:

All the fixed assets are sold during the year 2001-02. During this financial year Company has made the Profit of Rs.5,41,511.80/- and Company's brought forward losses of earlier years Rs, 1,68,95,261.26 (total loss as on 31st March 2014 is Rs. 1,63,53,749.46) needs to be absorbed. Company's Current liabilities exceeded its current good assets by Rs.32,71,838.46 and its total liabilities exceeded its total assets by Rs. 1,63,53,749.46. The ability of the Company to continue as a going concern is dependent on the future business plans of the Company for which no indications do exist. This factor along with doubtfulness of debt as per Note No 1 15 : Target plus Scheme DEPB Receivable, raises substantial doubt that the Company will be able to continue as a "Going Concern”.

1.6. Accounting for Taxes on Income (AS 22):

The Company, considering accumulated losses and managements perception of virtual uncertainty of making profit in the light of past result and also due to substantial doubt with respect to company's status of going concern, has not created or assumed any Deferred Tax Asset for the previous years and current year as required to be done according to the Accounting Standard 22 issued by Institute of Chartered Accountants of India.

The Advance Tax and Provision for Income Tax are adjusted and only net result is disclosed in the balance sheet

1.7. Dues to small scale Industrial undertaking

There are no Undertakings, which are SSI, from whom amounts, outstanding for more than 30days where such due or dues exceeds Rs. 1 lakhs. The above information has been compiled in respect of parties to the extent to which they could be identified as small scale and ancillary undertakings on the basis of information available with the Company and furnished.

1.8. Expenditure in foreign Currency Nil

1.9. Remittance in Foreign currency Nil

1.10. Earnings in Foreign Exchange Nil

1.11. Contingent Liabilities

Claims for taxes and miscellaneous items not acknowledged by the company NIL

1.12. Loans and Advances: In the Opinion of Board of Director, current assets, Loans & Advances have the value at which these are stated in the Balance Sheet if realized in the ordinary course of business and the provisions for all known liabilities is adequate and not in excess of or less than the amount reasonable necessary

1.13. Debtors and Creditors: Balance of trade debtors and creditors are subject to confirmations from the parties

1.14. Bank and cash Balances: Ratnakar Bank Balance of Rs. 46,668/- (2012-13 Rs. 46,668/-) and Laxmi Vilas Bank balance Rs. 2,806.79 (2012-13 Rs. 2,806.79) are subject to reconciliation and confirmation from the bank

1.15. Target plus Scheme DEPB Receivable: The Company had dealt with some of the licenses/ Export Incentives under Target plus Scheme in the earlier financial years. Rs.322.99 Lac DEPB income receivable pertaining to this scheme is outstanding for the last several years and the balance of receivable is subject to confirmation and reconciliation from the respective parties the details of which are not available & traceable . Considering the time elapsed and also considering the inadequate documentation pertaining to the transactions the debt is classified as doubtful. The company has not made any provision in the books in consideration of doubtfulness of the realisability of this material amount due from the third party

1.16. Previous Year's Figures: Previous year's figures have been regrouped or rearranged or reclassified wherever necessary.

1.17. Figures in the parenthesis relate to the previous year. Previous years figures have been regrouped and rearranged wherever necessary to conform to current year classification.

---

Mar 31, 2013

1.1. Basis of preparation of financial statements

The financial statements are prepared under the historical cost convention in accordance with the Generally Accepted accounting Principles Indian (Indian GAAP) to comply with the Accounting Standards notified under the Companies (Accounting Standards Rules, 2006 (as amended) and the relevant provisions of the Companies Act, 1956 and the accounting standards issued by the Institute of Chartered Accountants of India, as adopted consistently by the company.

1.2. Use of Estimates

The preparation of finacial statements in conformity with generally accepted accounting principles requires the management to make to estimates and assumptions hat affect the reported amounts of assets and liabilities d disclosure of contingent liabilities at the date of the financial statements and the results of operations during the reporting year. Although these estimates are based upon management's best i knowledge of current events and actions, actual results could differ from these estimates

1.3. Revenue Recognition

All revenues are generally recognized on acqrual basis.

1.4. Fixed Assets:

Fixed assets were stated at the historical cost which is inclusive of freight, duties installation costs and other incidental expenses incurred upto the installation. However Company does not hold any Fixed Assets as on 31 3.2013, as all the fixed assets have been sold during the year 2001-02.

1.5. Going Concern:

All the fixed assets are sold during the year 2001-02. During this financial year Company has made the Loss of Rs.76,526.25- and Company's brought forward losses of earlier years Rs. 1,68,18,735.01 (total loss as on 31st March 2013 is Rs. 1,68,95,261.26) needs to be absorbed. Company's Current liabilities exceeded it current good assets by Rs.38, 37,721.26 and its total liabilities exceeded its total assets by Rs.1,68,95,261,26. The ability of the Company to continue as a going concern is dependent on the future business plans of the Company for which 10 indications do exist, This factor along with doubtfulness s of debt as per Note No 1 15 : Target plus Scheme DEPB Receivable, raises substantial doubt that the Company will be able to continue as a "Going Concern".

1.6. Accounting for Taxes on Income (AS 22):

The Company, considering accumulated losses and managements perception of virtual uncertainty of making profit in the light of past result and also due to substantial doubt with respect to company's status of going concern, has not created or assumed any Deferred Tax Asset for the previous years and current year as required to be done according to the Account ng Standard 22 issued by Institute of Chartered Accountants of India.

The Advance Tax and Provision for Income Tax are adjusted and only net result is disclosed in the balance sheet

1.7. Dues to small scale Idustrial undertaking

There are no Undertakings, which are SSI, from whom amount , outstanding for more than 30 days where such due or dues exceeds Rs. 1 lakhs.The above informat on has been compiled in respect of parties to the extent which they could be identified as small scale and ancillary undertakings on the basis of information available with the Company and furnished.

1.8. Expenditure in foreign Currency Nil

1.9. Remittance in Foreign currency Nil

1.10. Earnings in Foreign Exchange Nil

1.11. Contingent Liabilities

Claims for taxes and miscellaneous items not acknowledged by the company NIL

1.12. Loans and Advances In the Opinion of Board of Director, current assets, Loans & Advances have the value at which these are stated in the Balance Sheet if realized in the ordinary course of business and the provisions for all known liabilities is adequate and not in excess of or less than the amount reasonable necessary

13. Debtors and Creditors Balance of trade debtors and creditors are subject to confirmations from the parties

1.14. Bank and cash Balances: Ratnakar Bank Balance of Rs. 46,668/- (2011-12 Rs. 46,668/-) and Laxmi Vilas Bank balance Rs. 2,806.79 (2011-12 Rs. 9,548.39) are subject to reconciliation and confirmation from the bank

1.15. Target plus Scheme EPB Receivable: The Company had dealt with some of the licenses/ Export Incentives under Target plus Scheme in the earlier financial years, Rs.3 2.99 Lac DEPB income receivable pertaining to this scheme is outstanding for the last several years and the balance of receivable is subject to confirmation and reconciliation from the respective parties the details of which are not available & traceable. Considering the time elapsed and also considering the inadiquate documentation pertaining to the transactions the debt is classified as doubtful. The company has not made any provision in the books in consideration of doubfullnes of the realisability of this material amount due from the third party

1.16. Previous Year's Figures: Previous year's figures have been regrouped or rearranged or reclassified wherever necessary.

1.17. Figures in the parenthesis relate to the previous year. Previous years figures have been regrouped and rearranged wherever necessary to conform to current year classification.

---

Mar 31, 2012

1.1. Basis of preparation of financial statements

The financial statements are prepared under the historical cost convention in accordance with the Generally Accepted accounting Principles Indian (Indian GAAP) to comply with the Accounting Standards notified under the Companies (Accounting Standards Rules, 2006 (as amended) and the relevant provisions of the Companies Act, 1956 and the accounting standards issued by the Institute of Chartered Accountants of India, as adopted consistently by the company.

1.2. Use of Estimates

The preparation of finacial statements in conformity with generally accepted accounting principles requires the management to make to estimates and assumptions hat affect the reported amounts of assets and liabilities d disclosure of contingent liabilities at the date of the financial statements and the results of operations during the reporting year. Although these estimates are based upon management's best i knowledge of current events and actions, actual results could differ from these estimates

1.3. Revenue Recognition

All revenues are generally recognized on acqrual basis.

1.4. Fixed Assets:

Fixed assets were stated at the historical cost which is inclusive of freight, duties installation costs and other incidental expenses incurred upto the installation. However Company does not hold any Fixed Assets as on 31 3.2013, as all the fixed assets have been sold during the year 2001-02.

1.5. Going Concern:

All the fixed assets are sold during the year 2001-02. During this financial year Company has made the Loss of Rs.76,526.25- and Company's brought forward losses of earlier years Rs. 1,68,18,735.01 (total loss as on 31st March 2013 is Rs. 1,68,95,261.26) needs to be absorbed. Company's Current liabilities exceeded it current good assets by Rs.38, 37,721.26 and its total liabilities exceeded its total assets by Rs.1,68,95,261,26. The ability of the Company to continue as a going concern is dependent on the future business plans of the Company for which 10 indications do exist, This factor along with doubtfulness s of debt as per Note No 1 15 : Target plus Scheme DEPB Receivable, raises substantial doubt that the Company will be able to continue as a "Going Concern".

1.6. Accounting for Taxes on Income (AS 22):

The Company, considering accumulated losses and managements perception of virtual uncertainty of making profit in the light of past result and also due to substantial doubt with respect to company's status of going concern, has not created or assumed any Deferred Tax Asset for the previous years and current year as required to be done according to the Account ng Standard 22 issued by Institute of Chartered Accountants of India.

The Advance Tax and Provision for Income Tax are adjusted and only net result is disclosed in the balance sheet

1.7. Dues to small scale Idustrial undertaking

There are no Undertakings, which are SSI, from whom amount , outstanding for more than 30 days where such due or dues exceeds Rs. 1 lakhs.The above informat on has been compiled in respect of parties to the extent which they could be identified as small scale and ancillary undertakings on the basis of information available with the Company and furnished.

1.8. Expenditure in foreign Currency Nil

1.9. Remittance in Foreign currency Nil

1.10. Earnings in Foreign Exchange Nil

1.11. Contingent Liabilities

Claims for taxes and miscellaneous items not acknowledged by the company NIL

1.12. Loans and Advances In the Opinion of Board of Director, current assets, Loans & Advances have the value at which these are stated in the Balance Sheet if realized in the ordinary course of business and the provisions for all known liabilities is adequate and not in excess of or less than the amount reasonable necessary

13. Debtors and Creditors Balance of trade debtors and creditors are subject to confirmations from the parties

1.14. Bank and cash Balances: Ratnakar Bank Balance of Rs. 46,668/- (2011-12 Rs. 46,668/-) and Laxmi Vilas Bank balance Rs. 2,806.79 (2011-12 Rs. 9,548.39) are subject to reconciliation and confirmation from the bank

1.15. Target plus Scheme EPB Receivable: The Company had dealt with some of the licenses/ Export Incentives under Target plus Scheme in the earlier financial years, Rs.3 2.99 Lac DEPB income receivable pertaining to this scheme is outstanding for the last several years and the balance of receivable is subject to confirmation and reconciliation from the respective parties the details of which are not available & traceable. Considering the time elapsed and also considering the inadiquate documentation pertaining to the transactions the debt is classified as doubtful.

1.16. Previous Year's Figures: Previous year's figures have been regrouped or rearranged or reclassified wherever necessary.

1.17. Figures in the parenthesis relate to the previous year. Previous years figures have been regrouped and rearranged wherever necessary to conform to current year classification.

---

Mar 31, 2011

A) General: The Company follows historical cost method and mercantile accounting polices are adopted consistently in accordance with generally accepted accounting principles other than those specifically stated.

b) Revenue Recognition: All revenues are generally recognized on accrual basis.

c) Fixed Assets: Fixed assets were stated at the historical cost which is inclusive of freight, duties installation costs and other incidental expenses incurred upto the installation. However Company does not hold any Fixed Assets as on 31.03.2011, as all the fixed assets have been sold during the year 2001-02.

1. Figures in the parenthesis relate to the previous year. Previous years figures have been regrouped and rearranged wherever necessary to conform to current year classification,

2. Going Concern: All the fixed assets are sold during the year 2001-02. During this financial year Company has made the Loss of Rs.9,94,830/- and Company's brought forward losses of earlier years Rs. 1,49,29,756 (total loss as on 31st March 2011 is Rs. 1,59,24,587) needs to be absorbed. This factor raises substantial doubt that the Company will be able to continue as a "Going Concern".

3. Accounting for Taxes on Income (AS 22): The Company, considering accumulated losses and managements perception of virtual uncertainty of making profit in the light of past results have not created or assumed any Deferred Tax Asset or Deferred Tax Liability for the current year as required to be done according to the Accounting Standard 22 issued by Institute of Chartered Accountants of India,

The Advance Tax and Provision for Income Tax are adjusted and only net result is disclosed in the balance sheet

Prior Period and Extra ordinary items: Rs.6,74,840/- of Income Tax payment relates to earlier years' paid during the year.

4. Details of Licensed, installed capacity: (As certified by management)

Licenses Capacity: - -

Installed Capacity: - -

5. Auditors Remuneration:

Current Year Previous Year

Audit Fees 5000 5000 Out of Pocket - -

6. Balance S-heet abstract as required by part IV of Schedule-VI of the Companies Act, lSgfe^given in the Annexure.

7. Dues to small scale Industrial undertaking

There are no Undertakings, which are SSI, from whom amounts, outstanding for more than 3Qdays where such due or dues exceeds Rs. 1 lakhs.

The above information has been compiled in respect of parties to the extent to which they could be identified as small scale and ancillary undertakings on the basis of information available with the Company and furnished.

8. Expenditure in foreign Currency Nil

9. Remittance in Foreign currency Nil

10. Earnings in Foreign Exchange Nil

11. Contingent Liabilities

Claims for taxes and miscellaneous items not acknowledged by the company NIL