Notes to Accounts of Rukmani Devi Garg Agro Impex Ltd.

Mar 31, 2024

Provisions involving a substantial degree of estimation in measurement and are recognised when there

is a present obligation as a result of past events and it is reasonably certain that there will be an
outflow of resources. A provision is not discounted to its present value and is determined based on the
last estimate require to settle an obligation at the year end , these are reviewed at each balance sheet
date and adjusted to reflect the best current estimates. Contingent liabilities are not recognised.
Contingent assets are neither recognised nor disclosed in the Financial Statements.

II. NOTES TO ACCOUNTS:

1. Sundry Debtors & Creditors:

In the absence of confirmation from the parties and pending reconciliation, the Debit and Credit
balances in regard to recoverable and payables have been taken as reflected in the books. In the
opinion of the Directors, Loans & Advances and Current Assets, if realised in the ordinary course of
business, have the value at which they are stated in the Balance Sheet.

2. Advances:

The Company has not given Advances for purchase of capital goods to any suppliers and to others
toward expenses in the general course of business.

Beside also advances to other corporates in the nature of loans, or advances are attracting provisions
of Section 185/186 of the Companies Act, 2013.

3. Unsecured Loan:

Company has raised the unsecured loan from directors and from others as inter corporate loan, both of
them did not fall within the meaning of expression deposit as defined in the Companies (Acceptance
of deposit Rules, 2014).

4. Provisions:

In the opinion of the management, the provisions made in these annual accounts are adequate.

5. Transaction in foreign Currency:

No transaction in foreign currency had taken place during the year under consideration.

6. Contingent Liabilities:

The company has explained that there are no other contingent liabilities against the company.

9. The company has not received any intimation from its suppliers whether they are registered under
Micro, Small and Medium Enterprises Development Act, 2006 or not. Hence the disclosure relating to
the amount unpaid as at the year-end together with interest paid / payable under this Act has not been

disclosed separately.

10. Carrying cost of goods held on balance sheet date is Rs.26,25,39,491.34/-

11. Figures of the previous year have been re-grouped / re-classified wherever applicable.

12. In the opinion of the Board, the current assets, loans and advances have a value on realisation
in the ordinary course of business at least equal to the amounts at which they are stated in the Balance
sheet and the provision for known liability is adequate and not in excess of amount reasonably
necessary.

13. The company has not impaired any assets during the year.

14. The company has not received any government grant or subsidy during the year.

15. Provision of section 135 of companies Act 2013 is not applicable to the company during the
financial year.

16. The company has not traded or invested in crypto currency or virtual currency during the
financial year.

17. According to the information and explanations given to us there was no transaction found
unrecorded in the books of accounts of the company which have been surrendered or disclosed as
income during the year in the assessment under the income tax act, 1961.

18. The company had investments made in RBI Sovereign Gold Bonds of Rs. 239,567.50 which
in the name of director of the company.

19. Related Party Disclosures:

Information regarding transactions with related parties as required by the Accounting
Standard - 18 issued by the Institute of Chartered Accountants of India is annexed.

HI. Additional Regulatory Disclosure:

1. Title deeds of immovable Property not held in name of the company:

According to the information and explanations given to us. the records examined by us and based on
the examination of the copies of conveyance deeds/ registered sale deed provided to us we report
that ,the title deeds, all immovable properties i.e. land and building as appearing in the financial
statements of the company are held in the name of the company. The company has not taken any
immovable properties i.e. land and building on lease during the year under report.

2. Revaluation of property, Plant and Equipment:

Company has not revalued its Property. Plant and equipment (including Right of Use assets) or
intangible assets or both during the year.

3. Loans and Advances:

Company has granted loans or advances in the nature of loans either repayable on demand or without
specifying any terms or period of repayment to its related party as defined in clause (76) of section 2

of companies Act, 2013.

4. Capital work-in-progress:

There were no such capital works in progress, whose completion is overdue or has exceeded its cost
compared to its original plan. Hence requirement for ageing schedule and completion schedule ,s not

applicable.

5. Intangible assets under development:

There is no intangible asset under development during the year. Hence requirement for ageing
schedule and completion schedule is not applicable.

6. Details of Benami Property Held:

According to information and explanations given to us and result of our audit procedures, no
proceedings have been initiated or are pending against the company for holding any Benami property
under the Benami Transactions (Prohibition) Act. 1988 (45 of .988) and rules made thereunder.

7. Security of current assets against borrow ings:

According to information and explanations given to us and results of our

noted that the company has working capital loan limits with HDFC bank against stocks

Material, finished goods and receivables etc. current assets.

However we are unable to comment on mismatch in quarterly data of stocks and receivables
furnished to the bank with the available data in books of accounts for the followings reasons.

a. As informed by the management, the periodical statements are not required to be furnished to

dates of stock statements.

c. in view of above, material difference, if any, could not be ascertained.

8. Wilful Defaulter:

or government or any government authority.

9. Relationship with Struck off Companies:

According to the information and explanations given to us and on the basis of our audit Procedures we report that the company has not entered in any transaction with the companies whose names have
been struck off under section 248 of Companies Act, 2013.

10. Registration of charges or satisfaction with Registrar of companies:

According to the information and explanations given to us and on the basis of our audit procedures,
we report that all charges or satisfactions have been registered with Registrar of companies.

Note:Calculation for delay in no. of days is based on a 30 day time limit and not on a month basis.

11. Compliance with number of layers of companies:

The company does not have any subsidiary. Hence provision of section 2(87) read with rule (2) of
companies (Restriction on number of Layers) Rules, 2017 are not applicable.