Notes to Accounts of Mrugesh Trading Ltd.

Mar 31, 2025

O Provisions, Contingent Liabilities and Contingent Assets

A provision is recognized when the company has a present obligation as a result of past event, it is probable that an
outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be
made of the amount of the obligation. Provisions are not discounted to their present value and are determined based on
best management 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 management estimates.

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the
occurrence or non-occurrence of one or more uncertain future events beyond the control of the company or a present
obligation that is not recognized because it is not probable that an outflow of resources will be required to settle the
obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognized
because it cannot be measured reliably. The company does not recognize contingent liabilities but discloses it''s existence in
the financial statement. Contingent assets are neither recognized nor disclosed in the financial statements.

P Employee Benefits:

Short term obligations:

Liabilities for wages and salaries, including earned leave and sick leave that are expected to be settled wholly within 12
months after the end of the period in which the employees render the related service are recognised in respect of
employees'' services up to the end of the reporting period and are measured by the amounts expected to be paid when the
liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet.

Retirement benefits

The Company has dissolved the Provident Fund Trust and is in the process of closure of the same as there are no
employees left other than the two Whole Time Directors and Chief Financial Officer. The Company''s Superannuation Fund
is administered through Life Insurance Corporation of India and is recognised by the Income Tax Department. Company''s
contribution to Superannuation Fund for the year is charged against revenue. The Company has provided for Gratuity in
Current Year for the Two Wholetime Directors

Employee Separation Costs:

The compensation paid to the employees under Voluntary Retirement Scheme is expensed in the year of payment.

Q Cash flow Statement

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of transactions of
non cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from operating,
investing and financing activities of the Company are segregated based on the available information.

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Mar 31, 2014

1. Share Capital

(A) Rights, Preference and Restriction attached to Shares

Voting right Of every holder of Equity Shares shall be in proportion to his share of the paid up Equity Capital of the Company on every resolution placed before the company, and shall be entered for Dividends as recommended by the Board of Directors in the particular year.

In the evert of liquidation, Equity Shareholder are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, In proportion to there shareholding.

(B) Shares held by Holding/ultimate holding company and/or their subsidiaries/associates

Mrugesh Trading ltd has no holding company. Hence the number of shares held by Holding/ultimate company is NIL

2. Trade Payables

A. The Company doss not have any Sundry Creditors for goods as on the date of the Balance Sheet Hence, disclosure of information as required under Micro, Small and Medium Enterprises Act 2006 is not applicable.

3. Segment Information

a) Primary Segment

The business segment has been considered as the primary segment The company is engaged in only one reportable segment.

b) Secondary Segment

The company operates in India and hence there are no geographical segments.

4. Related Party Disclosures

During the year the company has not undertaken any transaction with parties that require disclosure as per Accounting Standard 18 on related party transaction.

5. Capital Commitments

The Company has no outstanding commitment on Capital Contract.

6. Contigent Liablities: NIL

7. Additional Comments

i. In the opinion of the Board the current assets, and advances If realized in the ordinary course of business have value on realization at least to the amount at which these are stated in the Balance Sheet The provision for all known Liabilities are adequate and not in excess of the amount reasonable necessary,

ii. Sundry Liabilities are subject to confirmation.

iii. Figures have been rounded off to nearest Rupees.

iv. On assessment of the impairment of fixed assets of the company as at the Balance Sheet date as required by Accounting Standard 28 "Impairment of Assets" issued by the ICAI, the company is of the view that no provision for impairment of fixed assets is required.

v. The previous years figure have been reworked, regrouped, rearranged and reclassified wherever necessary.

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Mar 31, 2013

[1] Corporate information

Mrugesh Trading Limited is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its Shares are listed on Ahmadabad Stock exchange in India.

[2] Basis of Preparation of financial Statements

a) The financial statements have been prepared on an accrual basis under the historical cost convention in accordance with the requirement of the Companies Act, 1956, including the mandatory Accounting Standards notified by the Central Government of India under The Companies (Accounting Standards) Rules, 2006

b) The accounting policies applied by the company are consistent with those used in the previous year.

Notes No 3 : SEGMENT INFORMATION

a) Primary Segment

The business segment has been considered as the primary segment. The company is engaged in only one reportable segment.

b) Secondary Segment

The company operates in India and hence there are no geographical segments.

Notes No 4 : RELATED PARTY DISLCOSURES

During the year the company has not undertaken any transaction with parties that require disclosure as per Accounting Standard 18 on related party transaction.

Notes No 5 : CAPITAL COMMITMENTS

The Company has no outstanding commitment on Capital Contract.

Notes No 6 : CONTINGENT LIABILTIES : NIL

Notes No 7 ADDITIONAL COMMENTS

i. In the opinion of the Board the current assets, and advances if realized in the ordinary course of business have value on realization at least to the amount at which these are stated in the Balance Sheet. The provision for all known liabilities are adequate and not in excess of the amount reasonable necessary. ,

ii. Sundry Liabilities are subject to confirmation.

iii. Figures have been rounded off to nearest Rupees.

iv. On assessment of the impairment of fixed assets of the company as at the Balance Sheet date as required by Accounting Standard 28 "Impairment of Assets" issued by the ICAI, the company is of the view that no provision for impairment of fixed assets is required.

v. The previous year''s figure have been reworked, regrouped, rearranged and reclassified wherever necessary.

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Mar 31, 2010

[I] Contingent Liabilities - Nil [31 Notes :

1. The Company has no outstanding commitment on Capital Contract.

2. The Company does not have any Sundry Creditors as on the date of the Balance Sheet. Hence, disclosure of information as required under Micro, Small and Medium Enterprises Act 2006 is not applicable.

3, In the opinion of the Board the current assets, and advances if realized in the ordinary course of business have value on realization at least to the amount at which these are stated in the Balance Sheet, The provision for all known liabilities are adequate and not in excess of the amount reasonable necessary.

4, Sundry Liabilities are subject to confirmation.

5, Figures have been rounded off to nearest Rupees.

6, The other additional information pursuant to the provisions of paras 3 to 4D of Part II of Schedule VI of the Companies Act, 1956 are either Nil or Not Applicable.

7, The Company had filed a Suit in the Honble High Court, Kolkata, in 1988, with regards to increase in Custom Duty and the same is still pending for disposal. The Indian Bank Strand Road, Kolkata had issued Bank Guarantees to the tune of Rs. 1,461,831/- in favour of the Assistant Collector of Customs, Kolkata and the said Bank is holding 100% Margin in the form of Fixed Deposits (FDs) against the same.

8. Figures of the previous year have been regrouped / re-arranged wherever necessary.