Notes to Accounts of Esquire Money Guarantees Ltd.

Mar 31, 2024

Provisions and contingent liabilities

A provision is recognised when the Company has a present 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 a reliable estimate can be made. These are reviewed at each
balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities are not recognised in the financial
Fair value measurement of financial instruments

Financial asset included within the OCI Category are measured at each reporting date at fair value. Fair Value movements are
recognised in OCI. On derecognisation of the asset, cumulative gain or loss previously recognised in OCI is reclassified from OCI to
statement of Profit and loss.

2.4 Revenue recognition

Both income and expenditure items are recognized on accrual and prudent basis.

2.5 Income Tax

cu i lent tax is deieimineu as the amount oi tax payable in i espect o i taxable i ncome at applicable late oi tax ioi the yeai . me

Government of India, on 20/09/2019, vide the Taxation Laws (Amendment) Ordinance 2019, inserted a new Section 115BAA in the
Income Tax Act, 1961, which provides an option to the Company for paying Income Tax at reduced rates as per the
provisions/conditions defined in the said section. The Company is continuing to provide for income tax at old rates, based on the
available outstanding MAT credit entitlement and various exemptions and deductions available to the Company under the Income Tax
Act, 1961.

2.6 Earnings per share

Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any)
by the weighted average number of equity shares outstanding during the year.

(i) The Company has not advanced or loaned or invested funds to any other persons or entities, 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
or

(b) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(ii) The Company has not received any fund from any persons or entities, 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.

(iii) The company does not have any immovable property, the title deed of which is not held in the name of the company.

(iv) The Company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or Section 560 of Companies Act

(v) The Company does not have any transaction which 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.

(vi) No proceedings have been initiated or pending against the company under the Benami T ransactions (prohibition) Act 1988.

(vii) The company has not been declared as a wilful defaulter by any bank or financial institution or any other lender.

(viii) The company has neither traded or invested in crypto currency or virtual currency during the year.

Note 20 : The figures have been rounded off to the nearest rupee.

Note 21 : Disclosures of related party transactions (as identified & certified by the management) : As per Accounting Standard-18- '' Related Party
Disclosures'' issued by the Institute of Chartered Accountants of India - Nil.

Note 22 : Statutory Audit Fees includes payment of Rs. 8,000/- to the auditors.

Note 23 : Previous Year figures have been regropued /re arranged wherever necessary.

For Rajesh U Shah & Associates For and on behalf of the Board

Firm Registration No. 327799E
Chartered Accountants

Sd/-

Manoj Chander Pandey

Sd/- Managing Director

Rajesh Shah DIN : 05261183

(Proprietor)

MRN: 056550

Sd/- Sd/-

Place: Kolkata Peeyush Sethia Kanwar Nitin Singh

Date : 30th May, 2024 Director & CFO Company Secretary

UDIN : 24056550BJZZBA7338 DIN : 09850692 Membership No. :A27892

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Mar 31, 2014

A. No provision has been made in respect of Gratuity payable to employees. The present liability for future payments of Gratuity is unascertained.

B. Trade Receivables, Loans & Advances (Dr/Cr.), Trade Payables, Advances and Deposits (Dr,/Cr.) are taken as per balances appearing In the books of accounts of the Company, as conformation thereof are still awaited.

C. in the opinion of the Board of Directors, the realizable value of Non current Assets (Other than Fixed assets not meant for resale) and Current Assets In the ordinary course of business would not be less than the amount at which they are appearing in the Balance Sheet and the provision for all known liabilities is adequate and not in excess of the amount at which they are stated in the Balance Sheet.

D. Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders (after deducting attributable taxes) by the weighted average number of equity shares outstanding during the year.

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

E. Cash Flow Statement

The cash flow statement is prepared by the Indirect method setout in the accounting standard 3 in cashflow statement. Cash and cash equivalents for the purpose of cash flow statement comprise cash at bank and cash in hand .

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

F. According to the information provided to us, there were no dues to suppliers under the Micro, Small and Medium Enterprises Development Act, 2006.

G. The company has reclassified the previous year figures in accordance with the requirements applicable in the current period.

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Mar 31, 2013

A. No provision has been made in respect of Gratuity payable to employees. The present liabilityforfuture payments of Gratuity is unascertained.

B. Trade Receivables, Loans & Advances (Dr/Cr.), Trade Payables, Advances and Deposits (Dr./Cr.) are taken as per balances appearing in the books of accounts of the Company, as conformation thereof are still awaited.

C. In the opinion of the Board of Directors, the realizable value of Non current Assets (Other than Fixed assets not meant for resale) and Current Assets in the ordinary course of business would not be less than the amount at which they are appearing in the Balance Sheet and the provision for all known liabilities is adequate and not in excess ofthe amount at which they are stated in the Balance Sheet.

D. Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders (after deducting attributable taxes) by the weighted average number of equity shares outstanding during the year.

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

E. Cash Flow Statement

The cash flow statement is prepared by the indirect method setout in the accounting standard 3 in cashflow statement. Cash and cash equivalents forthe purpose of cash flow statement comprise cash at bank and cash in hand.

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

F. According to the information provided to us, there were no dues to suppliers under the Micro, Small and Medium Enterprises Development Act, 2006.

G. The company has reclassified the previous year figures in accordance with the requirements applicable in the current period.

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Mar 31, 2012

NOTE : 1 RELATED PARTY DISCLOSURES

a) KEY MANAGEMENT PERSONNEL

Suresh BJajodia : Director

Kishore Patil : Director

Rajshree K. Patil: Director

b) Relative of Key Management Personnel with whom transaction has taken place NIL

c) ENTERPRISE OVER WHICH KEY MANAGEMENT PERSONNEL & THEIR RELATIVE ARE ABLE TO EXERCISE SIGNIFICANT INFLUENCE NIL

A. The financial statements are prepared under historical cost convention and in accordance with generally accepted accounting principles (except otherwise referred elsewhere in these notes) and materially comply with the mandatory accounting standards specified in Companies (Accounting Standards) Rules.2006 and the Guidance Notes issued by The institute ofprinciples (except otherwise referred elsewhere in these notes) and materially comply with the mandatory accounting Chartered Accountants of India and the applicable provisions of the Companies Act, 1956.

B. Generally all items of Income and Expenditure having material effect on profitability are recognized on accrual basis.

C. Preliminary expenses are being amortized over a period of five years commencing from the current financial year In which commercial activities were commenced.

D. investments are stated at cost. Fall, if any. in value of unquoted investments could not be ascertained due to non-availability of their Balance Sheet.

E. Unquoted Shares : At cost or fair value whichever is lower

OR

Unquoted shares are valued "At Cost" and not at "Lower of cost or fair value/Break up Value" as prescribed under AS-13.

F. REVENUE RECOGNITION

a) income is reconised as per the terms of contract with customers when the services are rendered.

G. EXPENDITURE RECOGNITION

a) All the expenses are accounted for on accrual basis

H. TAXATION

a) Tax expense comprises of current Current income tax is measured at the amount expected to be paid to the tax authorities in accordance with the Income Tax Act 1961.

NOTE: 20 OTHER NOTES. TQ TINANEJAL STATEMENTS

A. No provision has been made in respect of Gratuity payable to employees. The present liability for future payments of Gratuity is unascertained.

B. Trade Receivables. Loans & Advances (Dr/Cr.), Trade Payables, Advances and Deposits (Dr./Cr.) are taken as per balances appearing in the books of accounts of the Company, as conformation thereof are still awaited.

C. In the opinion of the Board of Directors, the realizable value of Non current Assets (Other than Fixed assets not meant for resale) and Current Assets in the ordinary course of business would not be less than the amount at which they are appearing in the Balance Sheet and the provision for all known liabilities is adequate and not in excess of the amount at which they are stated in the Balance Sheet.

d. Earnings cer share

Basic earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders (after deducting attributable taxes) by the weighted average number of equity shares outstanding during the year.

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

E. According to the information provided to us, there were no dues to suppliers under the Micro, Small and Medium Enterprises Development Act. 2006.

F. Previous Year figures have been re-grouped/re-casted and/or re-arranged wherever found necessary.

G. Till the year ended 31st March 2011, the company was using pre-revised Schedule VI to the Companies Act 1956, for preparation and presentation of its financial statements. During the year ended 31st March 2012. the revised Schedule VI notified under the Companies Act 1956, has become applicable to the Company. The Company has reclassified previous years figures to conform to this year''s classification. It significantly impacts presentation and disclosures made in the financial statements, particularly presentation of Balance Sheet.

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Mar 31, 2011

Not Available

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Mar 31, 2009

1 Previous years figure have been re-arranged and re-grouped whereever considered necessary, to make them comparable to those of the current year.