అకౌంట్స్ గమనికలుEnterprise International Ltd.

Mar 31, 2025

28 Disclosure pursuant to Indian Accounting Standard 19 -

Employee Benefits -

The company has no defined benefit gratuity plan. Employees are not entitled to any gratuity at the time of their retirement / resignation as per the letter of Appointment issued to them.

29 Segment Reporting

Primary Segment

Based on the guiding principal given in the Indian Accounting Standard - 108 ’Segment Reporting” issued by the Central Government, the Company''s primary segment are Textile, Automobile Parts & Financial Activities.

The above business segments have been identified considering

i) The nature of products

ii) The related risks and returns

iii) The internal financial reporting systems

Revenue and expenses have been accounted for based on the basis of their relationship to the operating activities of the segment. Revenue and expenses, which relate to the enterprise as a whole and are not allocable to segments on a reasonable basis, have been included under "Unallocable Expenses". Assets and liabilities which relate to the enterprise as a whole and are not allocable to segments on a reasonable basis, have been included under “Unallocable Assets / Liabilities".

B. SECONDARY SEGMENT

The Company caters mainly to the needs of Indian market & hence there are no reportable geographical segments I secondary segments.

30 In the opinion of the Board of Directors current Assets, Loans & Advances are not below of the value stated, if realised in the ordinary course of business.

32. FINANCIAL INSTRUMENTS ¦ FAIR VALUE AND RISK MANAGEMENT

a. Accounting classification and fair values

The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.

Fair Valuation Techniques

The fair values of the financial assets and liabilities are included at the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

The following methods and assumptions were used to estimate the fair values :

The fair value of cash and cash equivalents, current trade receivables and payables, current financial liabilities and assets and borrowings are approximately at their carrying value largely due to the short-term nature of these instalments. The management considers that the carrying value of financial assets and financial liabilities recognised at nominal cost / amortised cost in the financial statements are approximate to their fair values.

Investments in mutual funds are measured using market prices at the reporting date.

Fair value hierarchy

The above tables provide the fair value measurement hierarchy of Company''s asset and liabilities, grouped into Level 1 to Level 3 as described below :

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 : Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3 : Inputs for the asset or liability that are not based on observable market data (unobservable inputs).

b. Financial Risk Management Financial Risk Factors

The Company''s principle financial liabilities complies of borrowings, trade and other payables. The main purpose of these financial liabilities is to manage finances for the Company''s operations. The Company''s principle financial assets include loans and advances, trade receivables and cash and bank balances that arise directly from its operation. The Company has exposure to the following risks arising from financial instruments and the Company''s senior management oversees the management of these risks

i) 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. The carrying amounts of financial assets represent the maximum credit risk exposure.

Loans

The Company has developed guidelines for the management of credit risk from loan. Credit risks are managed by the Company through credit approvals, and continuously monitoring the credit worthiness of the people to which the Company grants credit terms in the normal course of business.

Exposures to loans outstanding at the end of each reporting period are reviewed by the Company to determine incurred and expected credit losses.

Trade Receivables

The Company has developed guidelines for the management of credit risk from trade receivables. The Company''s exposure to credit risk is influenced mainly by the individual characteristics of each customer. Credit risks are managed by the Company through credit approvals, and continuously monitoring the credit worthiness of the customers to which the Company grants credit terms in the normal course of business.

V_y

Exposures to customers outstanding at the end of each reporting period are reviewed by the Company to determine incurred and expected credit losses. Historical trends of impairment of trade receivables do not reflect any significant credit losses. Given that the marco economic indicators affecting customers of the Company have not undergone any substantial change, the Company expects the historical trend of nil credit losses to continue. Fur ther. management believes that the unimpaired amounts that are past due by more than 30 days are still collectible in full, based on historical payment behavior and extensive analysis of customer credit risk.

Other financial assets

Other financial assets comprises Fixed deposits, advance against property, interest accrued on fixed deposits. Generally, these fixed deposits are held with banks with which the Company has also availed borrowings. The credrt worthiness of such advances is evaluated by the management on an ongoing basis and is considered to be at low credit risk. In respect of the advance against the property given by the company, it is certain to either obtain possession of the property or to recover the amount along with compensation. The Company does not expect any losses from non-performance by these counter parties.

33 The company has examined carrying cost of its identified Cash Generating Units (CGU) by comparing present value of estimated future cash flows from such CGU in terms of Accounting Standard on Impairment of Assets according to which no provision for Impairment is required as assets are not impaired during the financial year ended 31st March 2025.

35 Advance against property

a) The Company has paid an adance Rs.6,101.90 in thousand to M/s Shivam Panvar Developers Pvt. Ltd. for purchase of property being a Flat No.404-B situated at C.A. to Siddharth Nagar Paschim Jagruti C.H.S.L 1, Washington Plaza. Off. S. V.Road, Goregaon (W), Mumbai - 400062 and advance Rs. 10,478.10 in thousand to M/s Shivam Parivar Developers Pvt Ltd for purchase of property being a Flat No.1301, situated at C.A. to Nirton Employees C.H.S.L, 2/12 Siddharth Nagar. Part No 5. Opp. Prabhodhan Kridabhavan, Goregoan (West), Mumbai - 400104 The transactions are supported by agreement for purchase of property duly registered in the name of the Company. The management is actively pursuing the matter and is confident of obtaining the possession of the property and accordingly, no provision is required in the books. The advance given is classified as a non-current asset and is not expected to be settled within 12 months.

b) The Company has paid an adance of Rs. 5 lakhs to Morya Ace for purchase of property situated at 2, Home Street, 16, Dattaray Road, Santacruz, Mumbai - 400054. As on the balance sheet date, the agreement has not registered and also possession not received by the Company. The Company is confident of obtaining title or recovery of the amount Accordingly, no provision has been made in the Books. The advance is classified as non-current assets and is not expected to be settled within 12 months.

38. Additional Regulatory Information

a. The title deed of immovable property held by the Company are in the name of the company.

b. The Company has not revalued its Property, Plant and Equipment and accordingly disclosure as to whether the revaluation is based on the valuation by a registered valuer as defined under Rule 2 of the Companies (Registred Valuers and Valuation) Rules. 2017

d. The Company has no Capital Work in Progress at the end of financial year

e. The company has no Intangible Assets under development at the end of financial year.

f. The Company is not declared as wilful defaulter by any bank or financial Institution or other lender.

39 Other Statutory Information

a. The company do not have any Benami property where any proceeding has been initiated or pending against the Company for holding any Benami property.

b. The Company do not have any transactions with companies which are struck off.

c. The Company do not have any pending charges or Satisfaction which is yet it be registered with Register of Companies beyond the statutory period.

d. The Company has not traded or invested in Crypto Currency or Virtual Currency during the f nancial year.

e. The Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall

(i) directly or indirectly lend or invest in other persons or entitites identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries; the company

f. During the year Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the company shall

(i) directly or indirectly lend or invest in other persons or entitites identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,

g. The Company do not have any such transaction which are not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessment under the Income Tax Act, 1961 (such as search, survey or any other relevant provisions of the Income Tax Act, 1961)

V y

42 Previous year figure have been regrouped / reclassified to confirm to current years classifications

43 The figures has been rounded off in thousand.

---

Mar 31, 2024

Based on the best estimate provisions are recognized when there is a present obligation (legal or
constructive) as a result of a past event and it is probable ("more likely than not") that it is required to
settle the obligation, and a reliable estimate can be made of the amount of the obligation at reporting
date.

A contingent liability is a possible obligation that arises from a past event, with the resolution of the
contingency dependent on uncertain future events, or a present obligation where no outflow is
probable. Major contingent liabilities are disclosed in the financial statements unless the possibility of
an outflow of economic resources is remote.

Contingent assets are not recognized in the financial statements but disclosed, where an inflow of
economic benefit is probable.

2.13 Financial Instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the
contractual provisions of the instruments. Financial assets and financial liabilities are initially measured
at fair value. Transaction cost that are directly attributable to the acquisition or issue of financial assets
and financial liabilities (other than financial assets and financial liabilities at fair value through profit or
loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as
appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial
assets or financial liabilities at fair value through profit or loss are recognised immediately in profit or
loss.

Notes to the financial statements for the year ended March 31", 2024

Financial Assets Initial recognisation and measurement

All financial assets are recognised initially at fair value, in the case of financial assets not recorded at fair
value through profit or loss, transaction costs that are attributable to the acquisition of the financial
asset.

Classifications

The Company classifies its financial assets as subsequently measured at either amortised cost or fair
value depending on the company''s business model for managing the financial assets and the
contractual cash flow characteristics of the financial assets.

Financial assets at amortised cost

Afinancial asset is measured at amortised cost only if both of the following conditions are met:

- it is held within a business model whose objective is to hold assets in order to collect contractual cash
flows.

- the contractual terms of the financial asset represent contractual cash flows that are solely payments
of principal and interest.

After initial measurement, such financial assets are subsequently measured at amortised cost using
the Effective Interest Rate (''EIR'') method. Amortised cost is calculated by taking into account any
discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR
amortisation is included as finance income in the Statement of Profit and Loss. The losses arising from
impairment are recognised in the Statement of Profit and Loss.

Financial assets affair value through Other Comprehensive Income (FVOCI)

Financial assets with contractual cash flow characteristics that are solely payments of principal and
interest and held in a business model whose objective is achieved by both collecting contractual cash
flows and selling financial assets are classified to be measured at FVOCI.

Financial assets affair value through profit and loss (FVTPL)

Any Financial assets, which does not meet the criteria for categorization as at amortized cost or as
FVOCI, is classified as at FVTPL.

In addition, the company may elect to classify a Financial assets, which otherwise meets amortized
cost or FVOCI criteria, as at FVTPL. However, such election is allowed only if doing so reduces or
eliminates a measurement or recognition inconsistency (referred to as ''accounting mismatch'').

Financial assets included within the FVTPL category are measured at fair value with all changes
recognized in the Statement of Profit and Loss.

Equity Instruments

All equity instruments in scope of Ind AS 109 are measured at fair value. On initial recognition an equity
investment that is not held for trading, the Company may irrevocably elect to present subsequent
changes in fair value in OCI. This election is made on an investment-by-investment basis.

Derecognition of financial assets

A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial
assets) is primarily derecognised (i .e. removed from the company''s balance sheet) when:

- The rights to receive cash flows from the asset have expired, or

- The company has transferred its rights to receive cash flows from the asset or has assumed an
obligation to pay the received cash flows in full without material delay to a third party under a ''pass¬
through'' arrangement; and either (a) the company has transferred substantially all the risks and
rewards of the asset, or (b) the company has neither transferred nor retained substantially all the risks
and rewards of the asset, but has transferred control of the asset.

When the company has transferred its rights to receive cash flows from an asset or has entered into a
pass-through arrangement, it evaluates if and to what extent it has retained the risks and rewards of
ownership. When it has neither transferred nor retained substantially all of the risks and rewards of the
asset, nor transferred control of the asset, the company continues to recognize the transferred asset to
the extent of the company''s continuing involvement. In that case, the company also recognizes an
associated liability. The transferred asset and the associated liability are measured on a basis that
reflects the rights and obligations that the company has retained.

Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the
lower of the original carrying amount of the asset and the maximum amount of consideration that the
company could be required to repay.

On derecognition of a financial asset, the difference between the carrying amount of the asset (or the
carrying amount allocated to the portion of the asset derecognised) and the sum of (i) the consideration
received (including any new asset obtained less any new liability assumed) and (ii) any cumulative gain
or loss that had been recognised in OCI is recognised in the Statement of Profit and Loss.

Impairment of financial assets

The Company assesses on a forward looking basis the expected credit losses associated with its
assets carried at amortised cost and FVOCI. The impairment methodology applied depends on
whether there has been a significant increase in credit risk.

With regard to trade receivable, the Company applies the simplified approach as permitted by Ind AS
109, Financial Instruments, which requires expected lifetime losses to be recognised from the initial
recognition of the trade receivables.

Financial liabilities

Initial recognition and measurement

Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or
loss, amortised cost, as appropriate.

All financial liabilities are recognised initially at fair value and, in the case of amortised cost, net of
directly attributable transaction costs.

Subsequent measurement

The measurement of financial liabilities depends on their classification, as described below:

Financial Liabilities measured at amortised cost

After initial recognition, interest-bearing loans and borrowings are subsequently measured at
amortised cost using the EIR method. Gains and losses are recognised in profit or loss when the
liabilities are derecognised as well as through the El R amortisation process.

Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or
costs that are an integral part of the EIR.

The EIR amortisation is included as finance costs in the Statement of Profit and Loss.

Financial liabilities at fair value through profit or loss

Financial liabilities at fair value through profit and loss include financial liabilities designated upon initial
recognition as at fair value through profit and loss.

Gains or losses on liabilities held for trading are recognised in the Statement of Profit and Loss.

Financial liabilities designated upon initial recognition at fair value through profit and loss are
designated as such at the initial date of recognition, and only if the criteria in Ind AS 109 are satisfied.
For liabilities designated as FVTPL, fair value gains/ losses attributable to changes in own credit risk
are recognized in OCI. These gains/ loss are not subsequently transferred to the Statement of Profit
and Loss. However, the Company may transfer the cumulative gain or loss within equity. All other
changes in fair value of such liability are recognised in the Statement of Profit and Loss.

Derecognition of financial liabilities

The Company derecognises a financial liability when its contractual obligations are discharged or
cancelled, or expire.

2.14 Income Tax

Income tax expense comprises current and deferred tax. It is recognised in the Statement of Profit and
Loss except to the extent that it relates to items recognised directly in Equity or in Other Comprehensive
Income.

Current Tax

Current tax comprises the expected tax payable or receivable on the taxable income for the year. It is
measured using tax rates enacted or substantively enacted at the reporting date. Current tax assets
and liabilities are offset only if, the Company:

a) Has a legally enforceable right to set off the recognised amounts; and

b) Intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Deferred tax is recognised on differences between the carrying amounts of assets and liabilities in the
balance sheet and the corresponding tax bases used in the computation of taxable profit. Deferred tax
liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are
generally recognised for all deductible temporary differences to the extent it is probable that taxable
profits will be available against which those deductible temporary differences can be utilised. Such
assets and liabilities are not recognised if the temporary difference arises from initial recognition of
goodwill or from the initial recognition (other than in a business combination) of other assets and
liabilities in a transaction that affects neither the taxable profit nor the accounting profit.

In view uncertainty to have taxable income in immediate future as prudent, no differ tax assets are
recognised for the year.

The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the
extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the
asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period
in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been
enacted or substantively enacted by the balance sheet date.

Minimum Alternative Tax (MAT) is recognized as an asset only when and to the extent there is
convincing evidence that the Company will pay normal income tax during the specified period. In the
year in which the MAT credit becomes eligible to be recognized as an asset in accordance with the
recommendations contained in guidance note issued by the Institute of Chartered Accountants of India,
the said asset is created by way of credit to the Statement of Profit and Loss and included in deferred tax
assets. The Company reviews the same at each balance sheet date and writes down the carrying
amount of MAT entitlement to the extent there is no longer convincing evidence to the effect that
Company will pay normal income tax during the specified period.

2.15 Leases

Lease in which a significant portion of the risks and rewards of ownership are not transferred to the
Company as lessee are classified as operating leases. Payments made under operating leases (net of
any incentives received from the lessor) are charged to Statement of Profit and Loss on a straight line
basis over the period of the lease unless the payments are structured to increase in line with expected
general inflation to compensate for the lessor''s expected inflationary cost increases.

2.16 Segment Reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the
chief operating decision maker. The board of directors of the Company has been identified as being the
chief operating decision maker by the Management of the Company.

28 Segment Reporting

Primary Segment

Based on the guiding principal given in the Indian Accounting Standard - 108 "Segment Reporting" issued by the Central
Government, the Company''s primary segment are Textile, Automobile Parts & Financial Activities.

The above business segments have been identified considering

i) The nature of products

ii) The related risks and returns

iii) The internal financial reporting systems

Revenue and expenses have been accounted for based on the basis of their relationship to the operating activities of the
segment. Revenue and expenses, which relate to the enterprise as a whole and are not allocable to segments on a reasonable
basis, have been included under "Unallocable Expenses". Assets and liabilities which relate to the enterprise as a whole and
are not allocable to segments on a reasonable basis, have been included under “Unallocable Assets / Liabilities”.

. _ ...... i . _H ,, . _r „ , , iniuuuiii m iiiuuaoiiui

d The Company has no Capital Work in Progress at the end of financial year.

e The Company has no Intangible Assets under development at the end of financial year.

f The Company is not declared as wilful defaulter by any bank or financial Institution or other lender.

34 Other Statutory Information

a The company do not have any Benamy property where any proceeding has been initiated or pending against the Company for holding any
Benamy property.

b The Company do not have any transactions with companies which are struck off.

c The Company do not have any pending charges or Satisfaction which is yet it be registered with Register of Companies beyond
the statutory period.

d The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year.

e The Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or
kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether
recorded in writing or otherwise) that the Intermediary shall

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of
the company (Ultimate Beneficiaries) or

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries; the company

f During the year Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party)
with the understanding (whether recorded in writing or otherwise) that the company shall

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of
the Funding Party (Ultimate Beneficiaries) or

(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,

g The Company do not have any such transaction which are not recorded in the books of accounts that has been surrendered or
disclosed as income during the year in the tax assessment under the Income Tax Act.1961 (such as search, survey or any
other relevent provisions of the Income Tax Act, 1961)

36 Previous year figure have been regrouped / reclassified to confirm to current years classifications.

37 The figures has been rounded off in thousand.

For M/s. R. C. Jhawer & Co. for and on behalf of Board of Directors

Chartered Accountants

(Firm Registration No.: 310068E)

Director: Gopal Das Sarda (DIN : 00565666)

( R C. JHAWER ) Director: Aditya Sarda (DIN : 00565702)

Partner ¹ '' ''

Membership No: 017704

UDIN ¦ 24017704BKEKRG5815 C.F.O.: Anup Kumar Saha (PAN NO : AXTPS8001K)

Place: Kolkata

Dated • 28/05/2024 Secretary : Neetu Khandelwal (M NO : A56079)

1

j

---

Mar 31, 2014

1. Corporate Information

Enterprise International Limited is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on Bombay & Kolkata Stock Exchanges in India. Enterprise International Limited is engaged in import of textile yarn and fabric and sale thereof in India.

2. Basis of Preparation of financial statements

The financial statements of the Company have been prepared and presented under the historical cost convention on the accrual basis of accounting following generally accepted accounting principles in India (GAAP) and comply with the Accounting Standards notified under the Companies (Accounting Standards) Rules 2006 as amended and the relevant provisions of the Companies Act, 1956. The financial statements are presented in Indian Rupees.

3 Segment Reporting

Primary Segment

Based on the guiding principal given in the Accounting Standard -17 "Segment Reporting issued by the Central Government, the Company''s primary segment are SilkTextile & Financial Activities.

The above business segments have been identified considering

i) The nature of products

ii) The related risks and returns

iii) The internal financial reporting systems

Revenue and expenses have been accounted for based on the basis of their relationship to the operating activities of the segment. Revenue and expenses, which relate to the enterprise as a whole and are not allocable to segments on a reasonable basis, have been included under "Unallocable Expenses". Assets and liabilities which relate to the enterprise as a whole and are not allocable to segments on a reasonable basis, have been included under "Unallocable Assets / Liabilities".

B. SECONDARY SEGMENT

The Company caters mainly to the needs of Indian marks. Export turnover during the year being nil of the total turnover, there are no reportable geographical segments.

4. In the opinion of the Board of Directors current Assets, Loans & Advances are approximately of the value stated, if realised in the ordinary course of business.

5. Fixed Deposit with scheduled bank have been pledged to Bank:

a) against bank guarantee issued by the bank to the custom authorities, and b for availing of buyers''credit facility

6. The company has examined carrying cost of its identified Cash Generating Units (CGU) by comparing present value of estimated future cash flows from such CGU in terms of Accounting Standard on Impairment of Assets according to which no provision for Impairment is required as assets of non of CGU are impaired during thefinancial year ended 31st March, 2014.

7. Contingent Liability in respect of Bank Guarantee given by a scheduled bank to custom authorities due to duty is Rs. 83649863/- (Previous Year Rs. 3,55,42,674)

8. Related Party Disclosure

(Parties with whom transactions have taken place during the year)

Name of the related parties Name of Relationship

(i) Aahana Commerce Pvt. Ltd. Associates of the Company

(ii) GaneshAwas Private Limited Associates of the Company

(iii) GopalDasSarda(HUF) Associates of the Company

(iv) AdityaSarda(HUF) Associates of the Company

(v) Panache Associates of the Company

(vi) GopalDasSarda Key Management Person

(vii) AdityaSarda Key Management Person

(viii)BrijlataSarda Director''s Relative

(ix) RishuSarda Director''s Relative

The above parties are related parties in the broader sense of the term and are included for making the financial statements more transparent.

9. Operating Leases: Company as Leases

Certain office premises obtained on operating lease. The lease term is for 3 years and renewable for further period either mutually or at the option of the Company. There is no escalation clause in the lease agreement. There are no restrictions imposed by lease agrranement. There is no sublease. The lease are cancelable.

Lease payment made for the year 6,000 6,000

Contingent rent recognized in Profits Loss Account Nil Nil

10. Operating Lease: Company as Lassor

The company has leased out certain building on operating leases. The lease term is for 3 years and thereafter renewable. There is escalation clause in the lease agreements. The rent is not based on any contingencies. There are no restrictions imposed by lease agreements. The lease are cancelable.

---

Mar 31, 2013

1. Corporate Information

Enterprise International Limited is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on Bombay & Kolkata Stock Exchanges in India. Enterprise International Limited is engaged in import of textile yarn and fabric and sale thereof in India.

2. Basis of Preparation of financial statements

The financial staten rents of the Company have been prepared and presented under the historical cost convention on the accrual basis of accounting following generally accepted accounting principles in India (GAAP) and comply with the Accounting Standards notified under the Companies (Accounting Standards) Rules 2006 as amended and the relevant provisions of the Companies Act, 1956. The financial statements are presented in Indian Rupees.

3 Segment Reporting

Primary Segment

Based on the guiding principal given in the Accounting Standard - 17 "Segment Reporting" issued by the Central Government, the Company''s primary segment are Silk Textile & Financial Activities.

The above business segments have been identified considering :

i) The nature of products

ii) The related risks and returns

iii) The internal financial reporting systems

Revenue and expenses have been accounted for based on the basis of their relationship to the operating activities of the segment. Revenue and expenses, which relate to the enterprise as a whole and are not allocable to segments on a reasonable basis, have been included under "Unallocable Expenses". Assets and liabilites which relate to the enterprise as a whole and are not allocable to segments on a reasonable basis, have been included under "Unallocable Assets/ Liabilites".

B. SECONDARY SEGMENT

The Company caters mainly to the needs of Indian marks. Export turnover during the year being nil of the total turnover, there are no reportable geographical segments.

4 In the opinion of the Board of Directors current Assets, Loans & Advances are approximately of the value stated, if realised in the ordinary course of business.

5 Fixed Deposit with scheduled bank have been pledged to Bank:

a) against bank guarantee issued by the bank to the custom authorities, arid

b) for availing of buyers'' credit facility._

6 The company has examined carrying cost of its identified Cash Generating Units (CGU) by comparing present value of estimated future cash flows from such CGU in terms of Accounting Standard on Impairment of Assets according to which no provision for Impairment is required as assets of non of CGU are impaired during the financial year ended 31st March 2013.

7 Contingent Liability in respect of Bank Guarantee given by a scheduled bank to custom authorities due to dutyis Rs. 3,55,42,674 (Previous Year Rs. 1,96,52,450)

8 Operationa Lease : Company as Lassor

The Company has leased out certain buildings on operating leases. The lease term is for 3 years and thereafter renewable. There is escalation clause in the lease agreements. The rent is not based on any contingencies. There are no restrictions imposed by lease agreements. The lease are cancelable.

---

Mar 31, 2012

1. Corporate Information

Enterprise International Limited is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on Bombay & Kolkata Stock Exchanges in India. Enterprise International Limited is engaged in import of textile yarn and fabric and sale thereof in India.

2. Basis of Preparation of financial statements

The financial statements of the Company have been prepared and presented under the histori- cal cost convention on the accrual basis of accounting following generally accepted accounting principles in India (GAAP) and comply with the Accounting Standards notified under the Com- panies (Accounting Standards) Rules 2006 as amended and the relevant provisions of the Companies Act, 1956. The financial statements are presented in Indian Rupees.

3 Segment Reporting

Primary Segment

Based on the guiding principal given in the Accounting Standard - 17 "Segment Reporting" issued by the Central Government, the Company's primary segment are Silk Textile & Financial Activities.

The above business segments have been identified considering :

i) The nature of products

ii) The related risks and returns

iii) The internal financial reporting systems

Revenue and expenses have been accounted for based on the basis of their relationship to the operating activities of the segment. Revenue and expenses, which relate to the enterprise as a whole and are not allocable to segments on a reasonable basis, have been included under "Unallocable Expenses". Assets and liabilities which relate to the enterprise as a whole and are not allocable to segments on a reasonable basis, have been included under "Unallocable Assets/ Labilities".

B. SECONDARY SEGMENT

The Company caters mainly to the needs of Indian marks. Export turnover during the year being nil of the total turnover, there are no reportable geographical segments.

4. In the opinion of the Board of Directors current Assets, Loans & Advances are approximately of the value stated, if realised in the ordinary course of business.

5. Fixed Deposit with scheduled bank have been pledged to a Bank against bank guarantee issued by the bank to the custom authorities.

6 The company has examined carrying cost of its identified Cash Generating Units (CGU) by comparing present value of estimated future cash flows from such CGU in terms of Accounting Standard on Impairment of Assets according to which no provision for Impairment is required as assets of non of CGU are impaired during the financial year ended 31st March 2012.

---

Mar 31, 2010

1. In the opinion of the Board of Directors Current Assets, Loans and Advances are approximately of the value Stated, if realised in the ordinary course of business.

2. The Commissioner of Customs (Port), Kolkata had vide its order dated 25.02.05 enhanced the value of goods imported by the Company sum of Rs.53.00 lacs to Rs.69.84 lacs and consequently imposed fine, penalty and differential duty aggregating to Rs.13.11 lacs. The Company has preferred an appeal against the said order before the Appellate Tribunal In view of the legal opinion received by the Company, the Company is advised that it has very strong case on merits and hence no provision has been made.

3. The Assistant Commissioner of Customs, Kolkata had issued a showcause notice under the Customs Act, 1962 on 16.08.2004 intending to impose an anti-dumping duty of Rs. 13,15,862/- on certain goods imported by the Company. The Company has refutted the same before the Commissioner of Customs (Port), Kolkata. Also the Company has obtained the legal opinion and is advised that it has very strong case on merits and hence no provision has been made.

4. Fixed Deposit with scheduled Bank have been pledged to a Bank against bank guarantee issued by the Bank to the third party.

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

A) There is no licensed or installed capacity.

i B) Particulars in respect of Raw Materials, production & Sales etc. :

6. Provision For Taxation :

(a) In accordance with the requirement under the Accounting Standard (AS-22) relating to the deferred tax, the deferred tax Assets at the year end works out to be in the region of Rs.1,98,763/- (as on 01.04.2009 Asset Rs. 31,366/-) and the same has not been recognized in the accounts.

7. Segment Reporting : Primary Segment

Based on the guiding principle given in the Accounting Standard - 17 "Segment Reporting" issued by the Central Government the Companys primary segment are Silk Textile, Financial Activities & Synthetic Organic Dyes. The above business segments have been identified considering : i) The nature of products ii) The related risks and returns iii) The internal financial reporting systems

Revenue and expenses have been accounted for based on the basis of their relationship to the operating activities of the segment. Revenue and expenses, which relate to the enterprise as a whole and are not allocable to segments on a reasonable basis, have been included under "Unallocable Expenses", Assets and liabilities which relate to the enterprise as a whole and are not allocable to segments on a reasonable basis, have been included under "Unallocable Assets/Liabilities".

8. In respect of the investments, in the opinion of the Board, the year end diminution value (estimated to be in the region of Rs. Nil (P.Y. - 31,09,794/-) is on account of temporary market features and these being long term investments, no provision has been deemed necessary.

9. Sundry Creditors include amount due to MICRO, Small & medium Enterprises as on 31.03.2009 - Nil (P.Y - Nil).

10. The Company has examined carrying cost of its identified Cash Generating Units (CGU) by compairing present value of estimated future cash flow from such CGU in terms of Accounting Standard 28 on impairment of assets according to which no provision for impairment is required as assets of non of C G U are impaired during the financial year ended 31st March 2010.

11. Related Party Disclosure :

(Parties with whom transactions have taken place during the year.)

Name of Related parties : Nature of Relationship

i) Enterprise Finance Limited Associates of the Company

ii) Shree Shelter Private Limited Associates of the Company

iii) Ganesh Awas Private Limited Associates of the Company

(iv) Gopal Das Sarda Key Management Person

(v) Aditya Sarda Key Management Person

(vi) Brijlata Sarda Directors relative

The above parties are related parties in the broader sense of the term and are included for making the financial statements more transparent.

12. Figures of previous year have been rearranged, regrouped, whererver necessary.