అకౌంట్స్ గమనికలుAsutosh Enterprises Ltd.

Mar 31, 2024

I) Provision for liabilities and charges, contingent liabilities and contingent assets -

Provisions are recognised when the company has a present obligation as a result of past events, and
it is probable that an outflow of resources, that can be reliably estimated, will be required to settle
such an obligation. Provisions are reviewed at each reporting date and are adjusted to reflect the
current best estimate.

Contingent Liabilities may arise from litigation and other claims against the company. There are
certain obligations which management has concluded, based on all available facts and circumstances,
are not probable of payment and are very difficult to quantify reliably, as such said obligations are
treated as contingent liabilities and disclosed in the notes but are not reflected as liabilities in the
financial statements.

Contingent assets are not recognised but disclosed in the financial statements when the inflow of
economic benefits is probable.

Notes:

1. The company has received 31,000 Equity Shares of Bank of Rajasthan Limited held as security against Inter Corporate
Loan of Rs. 50,00,000/-, provided by it earlier. Hence, the entire amount has been allocated towards cost of acquisition
of the said shares. However, 26,000 Equity Shares of Bank Of Rajasthan Ltd., out of 31,000 shares are yet to be
transferred in the name of the Company, which is in process.

2. No provision, if any, for fall in market value of investments is made in the accounts, being temporary in nature.

3. Market value of Via Media India Ltd., Bank Of Rajasthan Ltd. and LML Ltd. are not available at 31st March, 2024, thus
taken as Nil.

a) Contingent Liabilities:

(i) Contingent Liabilities in respect of Income Tax matter under appeal is Rs. 13.31 Lakhs (Previous Year Rs. 13.31 Lakhs)

(ii) Guarantee given to Sales Tax Authority at Coonoor Rs. 0.05 Lakhs (Previous Year Rs. 0.05 Lakhs)

b) Related Party Disclosures :

The relationship and transactions with key Management Personnel are disclosed:

(i) The following Ratios were not applicable to the Company :

- Debt Equity Ratio and Debt Service Coverage Ratio as there are no Debts in the Company during the years ending
31st March, 2024 and 31st March, 2023.

- Inventory Turnover Ratio, Trade Receivables Turnover Ratio, Trade Payables Turnover Ratio, Net Capital Turnover
Ratio, Net Profit Ratio as there was no Inventory/Sales/Purchases during the current year ending 31st March, 2024.

(ii) The following are the reasons for change in the Ratios more than 25%:

- The Current Ratio has decreased in the Current Year on account of decrease in Current Assets.

- Return on Equity Ratio, Return on Capital Employed (%) and Return on Investment (%) have increased in the Current
Year on account of higher profits earned in the Current Year.

f) Deferred Tax Accounting:

There is carried forward business loss of Rs. NIL in respect of which deferred tax asset has not been recognised in the
absence of convincing evidence of future taxable profits.

g) Income Tax Advance includes old advance of Rs. 13.74 Lakhs, remains unadjusted in the absence of necessary data from
the Income Tax Department.

h) Liability for payment of P.F is not required to be made since the provisions of Profident Fund Act does not apply to this
Company.

j) Impairment loss:

Considering the external and internal impairment indicators, the management is of the opinion that no asset has been
impaired as at 31st March, 2024. Consequently, no impairment loss has been recognized in the Statement of Profit & Loss
for the year ended 31st March, 2024.

k) The Company has no amounts due to suppliers under the Micro, Small & Medium Enterprises as defined under the
Micro, Small & Medium Enterprises Development Act.'' 2006 (MSMED) as at 31st March, 2024. Hence no additional
disclosure have been made. The information regarding Micro, Small and Medium Enterprises has been determined to the
extent such parties have been identified on the basis of information.

In terms of our report attached of even date
For: S. Ghose & Co. LLP
Chartered Accountants

FRN. 302184E/E300007 For and on behalf of the Board

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RITENDEY I Ipv

Designated Partner \ i , OvOk WnjV

Membership No.: 051078 , __.

Place: Kolkata

Date : 22.04.2024 Company Secretary & CFO Directors

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Mar 31, 2014

Terms/rights attached to Equity Shares

The Company has only one class of Equity Shares having a par value of Rs 10/- per share. Each holder of Equity Shares is entitled to one vote per share and equal right for dividend. The dividend proposed by the Board of Directors is subject to the approval of Shareholders in the ensuing Annual General Meeting, except in case of Interim dividend. In the event of Liquidation, the equity shareholders are eligible to receive the remaining assets of the company after payment of all preferential amounts, in proportion of their shareholding.

Note 1

1) Contingent Liabilities provided in respect of :

I) Income Tax matter under appeal 1,330,585/- (Previous Year 1,330,585/-)

31.03.2014 31.03.2013

II) Guarantee given to Sales 5,000 5,000 Tax Authority at Coonoor

2) Expenditure of Foreign Currency : 31.03.2014 31.03.2013

Travelling Expenses NIL 212,488

3) In view of press release No. 1998-99/1269 dt. 8th April,1999 issued by RBI the Company has filed application for registration as an NBFC. But no communication regarding it has been received till date. In view of pending registration, the company has compiled with the prudential norms prescribed for an NBFC (Notification No.: DFC-199/DG(SPT)-98 dtd. 31.01.1998.)

4) As the company''s activities falls within a single primary business segment viz. Tea export so disclosure requirement of Accounting Standard 17 "Segment Reporting" issued by ICAI has not been given.

No amount have been written off or written back in respect of debts to or due from related parties

5) Pursuant to Accounting Standard AS-22 "Accounting for taxes on Income" issued by ICAI, the Company had a Deffered Tax Assets which had been ignored on prudent basis as the amount is negligible.

6) The Company has no amounts due to suppliers under the Micro, Small & Medium Enterprises as defined under the Micro, Small & Medium Enterprises Development Act, 2006 (MSMED) as at 31.03.2014. Hence no additional disclosure have been made. The information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the bases of information.

7) Previous years'' figures have been regrouped and rearranged wherever necessary.

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Mar 31, 2012

1 The company has received 31,000 Equity Shares of Bank of Rajasthan Limited held as security against Inter Corporate Loan of Rs. 50,00,000/-, provided earlier. Hence the entire amount has been allocated towards cost of acquisition of the said shares. However, 26,000 Equity Shares of Bank of Rajasthan Ltd., out of 31,000 shares are yet to be transferred in the name of the Company, which is in process.

2 No provision, if any, for fall in market value of investments is made in the accounts, being temporary in nature.

a) Contingent Liabilities provided in respect of :

I) Income Tax matter under appeal 13,30,585/- (Previous Year 13,30,585/-)

31.03.2012 31.03.2011

II) Guarantee given to Sales Tax Authority at Coonoor 5,000.00 5,000.00

b) In view of press release No. 1998-99/1269 dt. 8th April,1999 issued by RBI the Company has filed application for registration as an NBFC. But no communication regarding it has been received till date. In view of pending registration, the company has complied with the prudential norms prescribed for an NBFC (Notification No. : DFC-199/DG(SPT)-98 dtd. 31.01.1998.)

c) As the company''s activities fall within a single primary business segment viz. Tea export so disclosure requirement of Accounting Standard 17 "Segment Reporting" issued by ICAI has not been given.

d) As per Related Party disclosure pursuant to Accounting Standard (AS) 18 "Related Party Disclosure" issued by ICAI:

e) Pursuant to Accounting Standard AS-22 "Accounting for taxes on Income" issued by ICAI the Company had a deffered Tax Assets which had been ignored on prudent basis as the amount is negligible.

f) The Company has no amounts due to suppliers under the Micro, Small & Medium Enterprises as defined under the Micro, Small & Medium Enterprises Development Act, 2006 (MSMED) as at 31.03.2012. Hence no additional disclosure have been made. The information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information.

g) The Ministry of Corporate Affairs has notified the Revised Schedule VI on 28th February, 2011 which has replaced the existing Schedule VI in respect of Balance Sheet and Profit and Loss Account from the financial year commencing 1st April 2011. Accordingly the company has adopted the Revised Schedule VI from 1st April 2011 which does not impact recognition and measurement of principles followed for preparation of financial statements. However it significantly impacts presentation and disclosures made in the financial statements. Previous year figures have been reclassified for comparison and conforms to current year''s classification.

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Mar 31, 2011

A) i) Contingent Liabilities in respect of Income Tax matter under appeal ? 13,30,585/- (Prev. Yr.Rs. 13,30,585/-)

31.03.2011 31.03.2010

ii) Sales Tax Guarantee (Coonoor) 5,000.00 5,000.00

b Expenditure in Foreign Currency Travelling Expenses 6,50,285.00 3,15,440.00

c) The Company has received 31,000 Equity Shares of Bank of Rajasthan Ltd. held as security against Inter Corporate Loan of Rs. 50,00,000/-, provided earlier. Hence the entire amount has been allocated towards cost of acquisition of the said shares. However, 26,000 Equity Shares of Bank of Rajasthan Ltd. out of 31,000 shares are yet to be transferred in the name of the Company which is in process.

d) No provision, if any, for fall in market value of investments has been made in the accounts being temporary in nature.

e) In view of press release No.1998-99/1269 at. 8th April, 1999 issued by RBI the company has filed application for registration as an NBFC. But no communication regarding it has been received till date in view of pending registration the company has complied with the prudential norms Prescribed for an NBFC (Notification No. DFC-199/DG(SPT)-98 dt.31.01.1998).

f) Related Party disclosure Pursuant to Accounting Standard (AS) 18 "Related Party Disclosure" issued by ICAI List of related Parties, their relationship and transaction with them (as identified by Company).

g) Deferred Tax Assets :

Pursuant to Accounting Standard (AS)-22 "Accounting for Taxes on Income" issued by ICAI. The company had a deferred Tax Asset which had been ignored on prudent basis as the amount is negligible.

h) Figures for the previous year have been regrouped and/or recasted wherever necessary and have been indicated in brackets.

Notes :

1. As defined in Paragraph 2(1)(xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998.

2. Provisioning norms shall be applicable as prescribed in the Non-Banking Financial (Non Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007.

3. All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investments and other assets as also assets acquired in satisfaction of debt. However, market value in respect of quoted investments and break up/fair value/NAV in respect of unquoted investments should be disclosed irrespective of whether they are classified as long term or current in column (4) above.

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Mar 31, 2010

A) i) Contingent Liabilities in respect of Income Tax matter under appeal Rs. 13,30,585/- (Prev. Yr. 22,73,199/-) 31.03.2010 31.03.2009

ii) Sales Tax Guarantee (Coonoor) 5,000.00 5,000.00

b) Expenditure in Foreign Currency

Travelling Expenses 3,15,440.00 NIL

c) The Company has received 31,000 Equity Shares of Bank of Rajasthan Ltd. held as security against Inter Corporate Loan of Rs. 50,00,000/-, provided earlier. Hence the entire amount has been allocated towards cost of acquisition of the said shares. However, 26,000 Equity Shares of Bank of Rajasthan Ltd. out of 31,000 shares are yet to be transferred in the name of the Company which is in process.

d) No provision, if any, for fall in market value of investments has been made in the accounts being temporary in nature.

e) In view of press release No. 1998-99/1269 dt. 8th April, 1999 issued by RBI the company has filed application for registration as an NBFC. But no communication regarding it has been received till date in view of pending registration the company has complied with the prudential norms Prescribed for an NBFC (Notification No. DFC-199/DG(SPT)-98 dt.31.01.1998).

f) Deferred Tax Assets :

Pursuant to Accounting Standard (AS)-22 "Accounting for Taxes on Income" issued by ICAI. The company had a deferred Tax Asset which had been ignored on prudent basis as the amount is negligible.

g) Figures for the previous year have been regrouped and/or recasted wherever necessary and have been indicated in brackets.