Notes to Accounts of Shiva Granito Export Ltd.

Mar 31, 2024

11.Contingent Liabilities

Provisions involving substantial degree of estimation in measurement are recognised when there is a present obligation as
a result of past events and it is probable that there will be an outflow of resources to settle the obligation and in respect of
to settle the obligation.

Provision is determind based on the best estimates required to settle the obligation at the year end datE . These are review
Contingent liabilities are not provided for in the accounts and are separately shown in notes on account. Contingent assets
are neither recognised nor provided or disclosed in the financial statements.

See accompanying notes to financial statements.

As per our report on even date

For Nenawati & Associates For and on Behalf of the Board of Directors

Chartered Accountants
FRN 02148C

sd/- Sd/- Sd/- Sd/-

(C S Nenawati) (Abhinav Upadhyay ) (Rachna Upadhyay) ( Somali Jain)

Partner Managing Director Directort Company Secretary

M.No. 071341 DIN 01858391 DIN 07617468

Place: Udaipur

Date : 22.06.2024
UDIN 24071341BKCIIS118

Notes

Debts considered impair to credit including export sales Amounting Rs which are still pending and other
debtors which payments are still doubt full hence disclosed provision under eceptional items to be reported
in Profit & Loss Account

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Mar 31, 2016

Note

1. The Cash Flow Statement has been prepared by Indirect Method as per AS-3 issued by ICAI.

2. Figures of previous year have been rearranged/regrouped wherever necessary

3. Figures in brackets are outflow/deductions

4 The Company incorporated on 31.12.2015 with the one main object to acquire whole business as going concern of Ms Shiva Export Co. a partnership firm and acquired entire assets and liabilities of the firm.

5 Financial Statement prepared from the date of incorporation 31.12.2015 to 31.03.2016 including all transaction made by Shiva Export Co. now a unit of Company after 30.12.2015.

6 During the period no amount was remitted in foreign currency on account of dividend and there was no earning in foreign currency except otherwise stated.

7 During the period total prior period expenditure is of Rs. NIL

8 The SSI status of the creditors is not known to the company, hence the information is not given

9. Fixed assets are stated as cost appeared in the books of M/s Shiva Export Co.

10 During the year the company has revised the estimated useful lives of certain assets based on a technical studt and evaluation of useful life of the assets conducted in this regard and management ''s assessment thereof. The details of previously applied depreciation rates and useful life and revised useful I lifeare as follows

11 Auditors expenses 31.03.2016 Audit fees 17250

12 It is not possible to give the quantitative details of such sales and other information required under paragraph 3, 4C, and 4D of part II of schedule VI of the Companies Act 1956 as the quantity is not maintained.