Notes to Accounts of Tirupati Fin-Lease Ltd.

Mar 31, 2024

1.16 Provisions, contingent liabilities and contingent assets
Provision

A provision is recognized when as a result of a past event, the Company has a present obligation
whether legal or constructive that can be estimated reliably and it is probable that an outflow of
economic benefits will be required to settle the obligation.

Contingent Liability

A possible obligation that arises from past events and the existence of which will be confirmed only by
the occurrence or non-occurrence of one or more uncertain future events not wholly within the
control of the Company are disclosed as contingent liability and not provided for. Contingent liabilities
are not recognized but are disclosed in the notes.

Contingent Asset

A contingent asset is a possible asset that arises from past events and whose existence will be
confirmed only by the occurrence or non-occurrence of one or more uncertain future events not
wholly within the control of the Company. Contingent assets are not recognized and disclosed only
when an inflow of economic benefits is probable.

29. Financial Risk Management:

The Company’s activities are exposed to variety of financial risks. These risks Include market risk (including foreign
exchange risk and interest rate risks), credit risks and liquidity risk. The Company''s overall risk management
program seeks to mlnlmlte potential adverse effects on the financial performance of the Company through
established policies and processes which are laid down to ascertain the extent of risks, setting appropriate limits,
controls, continuous monitoring and Its compliance.

a) Market risk:

Market risk refers to the possibility that changes in the market rates may have impact on the Company''s profits or
the value of its holding of financial instruments. The Company is exposed to market risks on account of foreign
exchange rates, interest rates and underlying equity prices.

i) Foreign currency exchange risk:

No Foreign Transactions were reported

ii) Interest rate risk:

No such Liabilities

b) Credit risk:

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails
to meet its contractual obligations, and arises principally from the Company''s receivables from customers,
deposits and balance with the banks. Credit risk is managed through credit approvals, insurance taken from third
party for customer approved credit limit and continuously monitoring the creditworthiness of customers to which
the Company grants credit terms in the normal course of business. The history of trade receivables shows a
negligible provision for bad and doubtful debts. The Company establishes an allowance for doubtful debts and
impairment that represents its estimate of expected losses in respect of trade receivables. The Company has
adopted simplified method of credit risks.

I) Trade receivables:

The Company''s exposure to credit risk is influenced mainly by the individual characteristics of each customer. The
demographics of the customer, including the default risk of the industry and country in which the customer
operates, also has an influence on credit risk assessment. An impairment analysis is performed at each reporting
date on an individual basis for major customers. The Company does not hold collateral as security. The table below
include only principal cash flows in relation to non-derivative financial assets.

ii) Cash and cash equivalents :

The maximum exposure to credit risk In respect of balances with banks and bank deposits as on March 31, 2024
and March 31, 2023 are Rs. 1,83,257/- and Its. 5,56,325/• respectively.

c) liquidity risk:

Ultimate responsibility for liquidity risk management rests with the board of directors, which has established an
appropriate liquidity risk management framework for the management of the Entity''s short, medium and long¬
term funding and liquidity management requirements. The Entity manages liquidity risk by maintaining adequate
reserves and banking facilities by continuously monitoring forecast and actual cash flows, and by matching the
maturity profiles of financial assets and liabilities.

The following tables detail the Entity''s remaining contractual maturity for Its non-derivative financial liabilities with
agreed repayment periods. The tables have been drawn up based on the undiscounted cash flows of financial
liabilities based on the earliest date on which the Entity can be required to pay. The table below include only
principal cash flows in relation to non-derivative financial liabilities.

30. Capital Management:

For the purpose of the company''s capital management, capital includes Issued equity capital and all other equity
reserves attributable to the equity holders of the company. The primary objective of the company’s capital
management is to ensure that it maintains an efficient capital structure and healthy capital ratios in order support
its business and maximize shareholder value.

The company manages its capital structure and makes adjustments to it in light of changes in economic conditions
or its business requirements to optimize return to our shareholders through continuing growth. To maintain or
adjust the capital structure, the company may adjust the dividend payment to shareholders, return capital to
shareholders or issue new shares. The funding requirements are met through a mixture of equity, internal fund
generation and other non-current borrowings. The company monitors capital using a gearing ratio, which is net
debt divided by total capital plus net debt. The company includes within net debt, interest bearing loans and
borrowings less cash and short-term deposits (including other bank balance), The company Is not subject to any
externallv imoosed capital reaulrementc

32. Segment Reporting

The Company''s operations pre-domlnanlly relates to manufacturing and sale of Caramel Colour. The Company has
considered the only one reporting segment In accordance with the requirement of Ind AS 108 - Operating Segments
i.e. manufacturing and sale of Caramel Colour on the basis that the risk and returns of the Company is primarily
determined by the nature of these products. The Board of Directors ("BOD") evaluates the Company''s performance
and allocates resources based on an analysis of various performance indicators of this single operating segment. The ''

BOD reviews revenue and gross profit as the performance Indicator for this single operating segment. Accordingly, It
constitutes as a single reportable operating segment.

33. Contingent liabilities

The company has No contingent Liabilities

34. Others

(i) Previous year figures have been re-grouped/re-classified wherever necessary to correspond with the current
year dassification/disclosure.

(ii) Details of Loans & Advances given by the company under the provisions of section 186 of the Companies Act,

2013, during the year, Is provided In Note 3 to the Financial Statements.

There are no guarantees given and investments made by the company.

As per our attached Report of even date

For and on behalf of Board of Directors _ /T}?1

Tirupati Finlease Limited

PUSHPADEVI AGARWAL BAJRANGLAL AGARWAL SWETA DUGGAR
WTD CFO 8i WTD CS

DIN -00606296 DIN:006059S>17)

Place: Ahmedabad
Date:30/05/2024

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Mar 31, 2014

DEFERREED TAX :

As Per Accounting Standard 22 "Accounting For taxes On Income" Deferred tax assets/Liabilities should be Measured for all timing differences. But Deferred tax assets should be recognised only to the extent it is reasonably certain that there will be sufficient future income to recover such deferred tax. assets. In case there is no future sufficient income, Deferred tax assets/Liabilities should be recognised only to the extent such asset/Liabilities can be recovered by Way of Tax Savings. So We have Not Calculate the Deferred Tax Assets or Liability in Current Year. The Deferred tax Liability Will be settled in the year in which Profit will be available

a) Other Notes

1 The valuation of closing stock has been taken, valued and certified by the Management.

2 The balances in respect of Sundry Debtors, Sundry Creditors, Unsecured Loans, Loans & advances etc. are subject to confirmation.

3 Additional information pursuant to the provisions of paragraph 3, 4B, 4C, 4D of part II of the Schedule VI of the Companies Act, 1956

4 Particulars of Licensed and Installed Capacity and Actual Production

The Company is dealing in shares & securities, Hence it is not applicable

5 Earnings In Foreign Currency : NIL Expenditure In Foreign Currency : NIL

6 In response to the notification no 129(E) at 22-2-1999 issued by the department of company affairs requiring disclosure of the names of small scale industrial undertaking and the amount exceeding Rs. 1 lakh due to them as on balance sheet date are not applicable. As the company is doing activities of trading of Shares and Securities.

7 The figures of the previous year have been rearranged and /or regrouped, wherever considered necessary to facilitate comparison.

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Mar 31, 2013

1 Corporate information

The Business of our Company is TRADING & INVESTMENT IN SHARES & SECURITIES & FINANCE having principal place of business at B/10 MADHAVPURA MARKET, SHAHIBAUG.AHMEDABAD.

2. Sales and Purchase of shares are accounted on the basis of the transaction made at national,bombay and ahmedabad stock exchange of the completed valans.

3. All debit and credit balances and accounts squared up during the year are subject to confirmation from respective parties.

4. In the opinion of the Board of Directors, Current Assets, loans & Advances are approximately of the value at which these are stated in the Balance Sheet, if realized in the ordinary course of business.

5. Break up of the accumulated deferred tax liabilitv/assets:

As Per Accounting Standard 22 "Accounting For taxes On Income" Defered tax assets/Liabilities should be Measured for all timing differences.But Deffered tax assets should be recognised only to the extent it is reasonably certain that there will be sufficient future income to recover such deferred tax assets In case there is no future sufficient income, Deferred tax assets/Liabilities shold be recognised only to the extent such asset/Liabilities can be recovered by Way of Tax Savings.So We have Not Calculate the Deffered Tax Assets or Liability in Current Year The Deffered tax Liability Will bo setteled in the year in which Profit will be available

6. Other Notes

a. The valuation of closing stock has been taken, valued and certified by the Management.

b. The balances in respect of Sundry Debtors, Sundry Creditors. Unsecured Loans, Loans & advances etc. are subject to confirmation.

c. Additional information pursuant to the provisions of paragraph 3, 4B, 4C, 4D of part II of the Schedule VI of the Companies Act, 1956

7. Related Party Disclosure -AS-18

Description of relationship Names of related parties

Key Management Personnel BAJARANGLAL B AGRAWAL (DIRECTOR)

PUSHPA B AGRAWAL (DIRECTOR)

VITTU AGRAWAL (DIRECTOR)

Relatives Of Key Management Personnel BAJARANGLAL B AGRAWAL

PUSHPABEN BAGRAWAL

RAJENDRA SALES AGENCY

VITTU AGRAWAL

JENITA VITTU AGRAWAL

KALPESH AGRAWAL

NEELAM AGRAWAL

REENA AGRAWAL

HEMLATA AGRAWAL

BAJARANGLAL B AGRAWAL (HUF)

Company in which KMP / Relatives of KMP can exercise significant influence

8. Particulars of Licenced and Installed Capacity and Actual Production

The Company is dealing in shares & securities,Hence it is not applicable

9. Earnings In Foreign Currency : NIL

Expenditure In Foreign Currency : NIL

10. In response to the notification no 129(E) dt 22-2-1999 issued by the department of company affairs requiring disclosure of the names of small scale industrial undertaking and the amount excedding Rs 1 lakh due to them as on balance sheet date are not applicable.As the company is doing activities of trading of Shares and Securities.

11. The figures of the previous year have been rearranged and /or regrouped, wherever considered necessary to facilitate comparison.

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Mar 31, 2012

1 Corporate information

The Business of our Company is TRADING & INVESTMENT IN SHARES & SECURITIES & FINANCE having principal place of business at B/10 MADHAVPURA MARKET, SHAHIBAUG,AHMEDABAD.

2. a) Sales and Purchase of shares are accounted on the basis of the transaction made at national,bombay and ahmedabad stock exchange of the completed valans.

b) All debit and credit balances and accounts squared up during the year are subject to confirmation from respective parties.

c) In the opinion of the Board of Directors, Current Assets, loans & Advances are approximately of the value at which these are stated in the Balance Sheet, if realized in the ordinary course of business

d) Break up of the accumulated deferred tax liabilitv/assets:

PEFERREED TAX :

As Per Accounting Standard 22 "Accounting For taxes On Income" Defered tax assets/Uabilities should be Measured for all timing differences.But Deffered tax assets should be recognised only to the extent it is reasonably certain that there will be sufficient future income to recover such deferred tax. assets.In case there is no future sufficient income, Deferred tax assets/Uabilities shold be recognised only to the extent such asset/Liabilities can be recovered by Way of Tax Savings.So We have Not Calculate the Deffered Tax Assets or Liability in Current Year.The Deffered tax Liability Will be setteled in the year in which Profit will be available

f) Other Notes

3. The valuation of closing stock has been taken, valued and certified by the Management.

4. The balances in respect of Sundry Debtors, Sundry Creditors, Unsecured Loans, Loans & advances etc. are subject to confirmation.

5. Additional information pursuant to the provisions of paragraph 3, 4B, 4C, 4D of part II of the Schedule VI of the Companies Act, 1956

6. Particulars of Licenced and Installed Capacity and Actual Production

The Company is dealing in shares & securities,Hence it is not applicable

7. Earnings In Foreign Currency : NIL Expenditure In Foreign Currency : NIL

8. In response to the notification no 129(E) dt 22-2-1999 issued by the department of company affairs requiring disclosure of the names of small scale industrial undertaking and the amount excedding Rs. 1 lakh due to them as on balance sheet date are not applicable.As the company is doing activities of trading of Shares and Securities.

9. The figures of the previous year have been rearranged and /or regrouped, wherever considered necessary to facilitate comparison.