Shreeshay Engineers Ltd. இன் கணக்கு குறிப்புகள்

Mar 31, 2025

(D) Provisions and Contingencies
Provisions:

Provisions are recognized when there is a present obligation (legal or constructive) as a result of a past
event, it is probable that an outflow of resources embodying economic benefits will be required to
settle the obligation and there is a reliable estimate of the amount of the obligation. Provisions are
measured at the best estimate of the expenditure required to settle the present obligation at the
Balance sheet date and are discounted to its present value as appropriate.

Contingent Liabilities:

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the
existence of which will be confirmed only by the occurrence or nonoccurrence of one or more
uncertain future events not wholly within the control of the company or a present obligation that

arises from past events where it is either not probable that an outflow of resources will be required to
settle or a reliable estimate of the amount cannot be made, is termed as a contingent liability.

(E) Revenue recognition

Revenue is measured at fair value of the consideration received or receivable. Revenue is recognized
when (or as) the Company satisfies a performance obligation by transferring a promised good or
service (i.e. an asset) to a customer. An asset is transferred when (or as) the customer obtains control
of that asset.

When (or as) a performance obligation is satisfied, the Company recognizes as revenue the amount of
the transaction price (excluding estimates of variable consideration) that is allocated to that
performance obligation.

The Company applies the five-step approach for recognition of revenue:

i. Identification of contract(s) with customers;

ii. Identification of the separate performance obligations in the contract;

iii. Determination of transaction price;

iv. Allocation of transaction price to the separate performance obligations; and

v. Recognition of revenue when (or as) each performance obligation satisfied.

(F) Other income:

Interest: Interest income is calculated on effective interest rate, but recognized on a time proportion
basis taking into account the amount outstanding and the rate applicable.

Dividend: Dividend income is recognized when the right to receive dividend is established.

(G) Finance Cost

Borrowing costs that are directly attributable to the acquisition or construction of qualifying assets are
capitalized as part of the cost of such assets. A qualifying asset is one that necessarily takes
substantial period of time to get ready for its intended use. Based on borrowings incurred specifically
for financing the asset or the weighted average rate of all other borrowings, if no specific borrowings
have been incurred for the asset.

Interest income earned on the temporary investment of specific borrowings pending their expenditure
on qualifying assets is deducted from the borrowing costs eligible for capitalization.

Borrowing costs include exchange differences arising from foreign currency borrowings to the extent
they are regarded as an adjustment to the interest cost.

All other borrowing costs are charged to the Statement of Profit and Loss for the period for which
they are incurred.

(H) Earnings per share (EPS):

Basic EPS is calculated by dividing the net profit or loss for the period attributable to equity
shareholders by the weighted average number of equities shares outstanding during the period. For the

purpose of calculating diluted EPS, the net profit or loss for the period attributable to equity
shareholders and the weighted average number of additional equity shares that would have been
outstanding are considered assuming the conversion of all dilutive potential equity shares. Earnings
considered in ascertaining the EPS is the net profit for the period and any attributable tax thereto for
the period.

(I) Employee benefits

i. Provident Fund

The company has not exceeded minimum criteria for eligibility to contribute into Defined
Contribution Plans & Defined Contribution Plans for post-employment benefit in the form.

(J) Fair Value Measurement:

The Company measures financial instruments such as investments in quoted share, certain other
investments etc. at fair value at each Balance Sheet date.

Fair value is the price that would be received to sell an asset or paid to transfer a liability at the
measurement date. All assets and liabilities for which fair value is measured or disclosed in the
financial statements are categorized within the fair value hierarchy, described as follows, based on the
lowest level input that is significant to the fair value measurement as a whole.

Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or
liabilities.

Level 2 - Valuation techniques for which the lowest level input that is significant to the fair
value measurement is directly or indirectly observable.

Level 3 - Valuation techniques for which the lowest level input that is significant to the fair
value measurement is unobservable.

(K) Financial Instruments:

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial
liability or equity instrument of another entity.

Financial assets:

Initial recognition

Financial assets are recognized when the Company becomes a party to the contractual provisions of
the instruments. Financial assets other than trade receivables and other specific assets are initially
recognized at fair value plus transaction costs for all financial assets not carried at fair value through
profit or loss. Financial assets carried at fair value through profit or loss are initially recognized at fair
value, and transaction costs are expensed in the Statement of Profit and Loss.

Subsequent measurement

Financial assets, other than equity instruments, are subsequently measured at amortized cost, fair
value through other comprehensive income or fair value through profit or loss on the basis of both:

i. The entity’s business model for managing the financial assets and

ii. The contractual cash flow characteristics of the financial asset.

De-recognition

The Company derecognizes a financial asset when the contractual rights to the cash flows from the
financial asset expire, or it transfers rights to receive cash flows from an asset, it evaluates if and to
what extent it has retained the risks and rewards of ownership. When it has neither transferred nor
retained substantially all of the risks and rewards of the asset, nor transferred control of the asset, the

Company continues to recognize the transferred asset to the extent of the Company’s continuing
involvement. In that case, the Company also recognizes an associated liability. The transferred asset
and the associated liability are measured on a basis that reflects the rights and obligations that the
Company has retained.

Financial Liabilities:

Initial Recognition and Subsequent Measurement

All financial liabilities are recognized initially at fair value and in case of borrowings and payables,
net of directly attributable cost. Financial liabilities are subsequently 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.
Changes in the amortized value of liability are recorded as finance cost.

De-recognition

A financial liability is de-recognized when the obligation under the liability is discharged or cancelled
or expires. When an existing financial liability is replaced by another from the same lender on
substantially different terms, or the terms of an existing liability are substantially modified, such an
exchange or modification is treated as the derecognition of the original liability and the recognition of
a new liability. The difference in the respective carrying amounts is recognized in the statement of
profit or loss.

22 The Company has not advanced or loaned to or invested in fluids to any other person(s) or entity(is), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

a. directly or indirectly lend to 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

23 The Company has not received any fund from any person(s) or entity(is), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the
Company shall:

a. directly or indirectly lend to 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 to or on behalf of the Ultimate Beneficiaries

24 The company does not have transaction with the struck off under section 248 of companies act, 2013 or section 560 of Companies act 1956

25 The company is in compliance with the number of layers prescribed under clause (87) of section 2 of company’s act read with companies (restriction on number of layers) Rules, 2017

26 The section 135 (Corporate social responsibility) of companies act, 2013 is not applicable to the company.

27 Notes forming part of accounts in relation to Micro and small enterprise

Based on information available with the company, on the status of the suppliers being Micro or small enterprises, on which the auditors have relied, the disclosure requirements of Schedule III to the
Companies Act, 2013 with regard to the payments made/due to Micro and small Enterprises are given below :

ror ana on oenau oi me

B B Gusani & Associates Board

Chartered Accountants SHREESHAY ENGINEERS LIMITED

sd/- sd/-

Bhargav B. Gusani Jignesh Thobhani

Proprietor Managing Director

M. No. 120710 DIN NO. :07702512

FRN No. 0140785W

Place: Jamnagar sd/- sd/-

Date: 20-05-2025 Jayesh Merchant Dipsinh Solanki

UDCV: 25120710BMHTRQ2608 CS CFO

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Mar 31, 2024

Company continues to recognize the transferred asset to the extent of the Company''s continuing involvement. In that case, the Company also recognises an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the Company has retained.

Financial Liabilities:

Initial Recognition and Subsequent Measurement

All financial liabilities are recognised initially at fair value and in case of borrowings and payables, net of directly attributable cost. Financial liabilities are subsequently 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. Changes in the amortized value of liability are recorded as finance cost.

De-recognition

A financial liability is de-recognised when the obligation under the liability is discharged or cancelled or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognised in the statement of profit or loss.

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Mar 31, 2018

Notes On Accounts

As per Accounting Standard 18, the disclosures of transactions with the related parties as defined in the Accounting Standard are given below: List of related parties where control exists and related parties with whom transactions have taken place and relationships:

I) Key Management Personnel

- Mr. Bhogin D Patel

- Mr. Kishor D Patel

- Mrs Nisha B Patel

- Mr Ashish Roongta

- Mr Jayantilal Gala

- Mr Harish Adhia

- Mr Nityanad Tirlokar

II) Relatives to Key Management Personnel

Jethiben Patel Gopi Patel Manoj Patel Bhadresh Patel Hema Patel Mahesh Patel

III) Enterprise over which Key Managerial Personnel are able to exercise significant influence

D K Patel & Co

Patel Builders & Developers Ltd

Rohan Papers Ltd

DKP Family Trust

Bhogin Patel (Huf)

Kishore Patel (Huf)

D K Patel (Huf)

Manoj Patel (Huf)

D K Patel & Sons

D K Patel Enterprises

Kailas Enterprises

Sai Enterprise

Sanghvi Bulders and Associates

Siddhivinayak Enterprise Chetna Money Link Finance Private Limited

DKP Designers and Creators Private Limited

Kailas Designers and Creators Private Limited

Link Promotors Private Limited

Patel Creators and Constructors Private Limited

Rear Promotors Private Limited

Shreeshay Designers and Creators Private Limited

Shreeshay Engineers Private Limited

Transactions with related parties: Year ended March 31, 2018

Particulars	Subsidiary	Key Management Personnel	Relatives to Key Management Personnel	Enterprise over which Key Managerial Personnel are able to exercise significant influence	Total
Interest	-	0	0	3,46,500	3,46,500
	-			-	0
Purchase	-	-	-	-	0
	-	-	-	-	0
Remuneration	-	4,90,570	-	-	4,90,570
	-	-	-	-	0
Sales	-	-	-	-	0
	-	-	-	-	0
Professional Fees				12,00,000	12,00,000
				(9,00,000.00)	(9,00,000.00)
Rent	-	-	-	0	0
	-	-	-		0
Loans/Adv. Given	-	-	-	-	0
	-	-	-	-	0
Loans/Adv. Taken	-	1,20,45,030	-	-	1,20,45,030
		(2,00,000.00)			(2,00,000.00)

- Figures in the bracket indicate Figures of previous year

Balances with related parties:
As at March 31, 2018
Particulars	Subsidiary	Key Management Personnel	Relatives to Key Management Personnel	Enterprise over which Key Managerial Personnel are able to exercise significant influence	Total
Outstanding Receivables	-	-	-	-	0
					0
Outstanding Payable	-	28,55,389	0	0	28,55,389
		(23,359.96)	-	-	(23,359.96)
Investment		-	-	36,38,300	36,38,300
				(36,38,300.00)	(36,38,300.00)
- Figures in the bracket indicate Figures of previous year
Disclosure of Material Transactions with Related Parties:
Particulars				2017-18	2016-17
Remuneration to Key Management Personnel
Nityanad Tirlokar				1,84,570.00
Kishore Patel				3,06,000.00

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