అకౌంట్స్ గమనికలుFrontline Financial Services Ltd.

Mar 31, 2025

Note 5.1 : Steps have been taken to identify the suppliers who qualify under the definition of micro and small enterprises, as defined under the Micro, Small and Medium Enterprises Development Act 2006. Since no intimation has been received from the suppliers regarding their status under the said Act as at 31st March 2022, disclosures relating to amounts unpaid as at the year end, if any, have not been furnished. In the opinion of the management, the impact of interest, if any,that may be payable in accordance with the provisions of the Act, is not expected to be material.

Notes: 1

Additional regulatory information

(a)

Title deeds of immovable property not held in name of the Company

All the title deeds of immovable properties are held in the name of the company subject to Note No 9 of Balance sheet of Rs. 1,00,00,000/- related to Investment in Plot in Sanand which is not verified by us as no information provided to us.

(b)

Revaluation of property, plant and equipment:

The Company has not revalued its Property, Plant and Equipment and hence the Company shall not be required to disclose as to whether the revaluation is based on the valuation by a registered valuer as defined under rule 2 of the Companies (Registered Valuers and Valuation) Rules, 2017.

(c)

Loans or advances - Additional disclosures:

During the year the Company has not granted loans or advances in nature of loans to promoters, directors, key managerial personnel and related parties as defined under the Companies Act, 2013 either severally or jointly with any other person that is (a) repayable on demand; or (b) without specifying any terms or period of repayment,

(d)

Capital Work In Progress (CWIP)

The Company is not having any capital work-in-progress during the year or previous year.

(e)

Intangible assets under development:

The Company is not having any intangible asset under development during the year or previous year.

(f)

Where the Company has borrowings from banks or financial institutions on the basis of current assets

The Company has not borrowings from banks or financial institutions on the basis of security of current assets during the year. The quarterly returns or statements of current assets filed by the Company with banks or financial institutions are in agreement with the books of account. Hence, requirements of furnishing summary of reconciliation and reasons of material discrepancies do not apply.

(g)

Wilful Defaulter:

The Company has not borrowings from banks or financial institutions or other lenders. However, the Company has not been declared a wilful defaulter at any time during the year or after the end of reporting period, but before the date when financial statements are approved or in an earlier period and the default has continued for the whole or part of the current year by any bank or financial institution or other lender.

(h)

Relationship with Struck off Companies

The Company has no transaction during the year with companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956.

(i)

Registration of charges or satisfaction with Registrar of Companies

The Company has taken not the credit facilities from Bank hence all legal formalities related to registration of charges has been not required.

(j)

Compliance with number of layers of companies

We have not received such information form companies hence we are enable to comment on same.

(k)

Compliance with approved Scheme(s) of Arrangements

No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013 during the year. Hence, the requirements of disclosure of effect of such Scheme of Arrangements in the books of account in accordance with the Scheme and in accordance with accounting standards are not applicable.

(l)

Utilisation of Borrowed funds and share premium:

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) during the year 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 o

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

The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) during the year 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 to or on behalf of the Ultimate Beneficiaries.

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Mar 31, 2015

1. Deferred Tax

The figure of Differed Tax is minor, so no Provision made for Deferred Tax.

Deferred Tax Liability/Assets

On account of Depreciation on Fixed Assets Rs. Nil

2. None of the employees of the Company has crossed the Limits Prescribed u/s. 217 (2A) of the Companies ( Particulars of Employees ) Amendment Rules, 1988 during the year.

3. In the opinion of the Board, Current Assets, Loans and Advances have the value at which they are stated in the Balance Sheet, if realized in the ordinary course of business and are subject to confirmation.

4. Additional Information under Schedule III of the Companies Act, 2013: Nil

5. Previous Year's figure have been re-grouped / rearranged wherever essential.

6. We relied on vouchers duly certified by the Assessee wherever original bills are not available during the test checked conducted in the course of our audit.

7. Cash on hand at the year end certified by the management. Moreover we are not physically verified the Cash Balance as on 31-03-2015.

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Mar 31, 2014

1. Deferred Tax

The figure of Differed Tax is minor, so no Provision made for Deferred Tax.

2. None of the employees of the Company has crossed the Limits Prescribed u/s. 217 (2A) of the Companies ( Particulars of Employees ) Amendment Rules, 1988 during the year.

3. In the opinion of the Board, Current Assets, Loans and Advances have the value at which they are stated in the Balance Sheet, if realised in the ordinary course of business and are subject to confirmation.

4. Additional Information under Schedule VI of the Companies Act, 1956: Nil

5. Previous Year''s figure have been re-grouped / rearranged wherever essential.

6. We relied on vouchers duly certified by the Assessee wherever original bills are not available during the test checked conducted in the course of our audit.

7. Cash on hand at the year end certified by the management. Moreover we are not physically verified the Cash Balance as on 31-03-2014.

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Mar 31, 2013

1. I. Previous years figures have been regrouped wherever necessary.

II. Balances of creditors, Loans & Advances and Debtors are subject to confirmation by the parties concerned.

III. In respect of sales tax / income tax liability company does not expect any more liability than provided in the books of accounts.

IV. We relied on vouchers duly certified by the Assessee wherever original bills are not available during the test checked conducted in the course of our audit.

V. In the opinion of the Directors of the Company the current assets, Loans & Advances appearing in the balance sheet are approximately of the value as stated if realized in the ordinary course of business.

VI. Cash on hand at the end of the Year 31st March 2013 is not Physically Verified. Subject to Confirmation from The Management.

VII. The company operates in investment and Trading of Shares and Securities only. Hence no separate segment reporting is required.

2. Deferred Tax

The figure of Differed Tax is minor, so no Provision made for Deferred Tax. Deferred Tax Liability/Assets

On account of Depreciation on Fixed Assets Rs. Nil

3. None of the employees of the Company has crossed the Limits Prescribed u/s. 217 (2A) of the Companies ( Particulars of Employees ) Amendment Rules, 1988 during the year.

4. In the opinion of the Board, Current Assets, Loans and Advances have the value at which they are stated in the Balance Sheet, if realised in the ordinary course of business and are subject to confirmation.

5. Additional Information under Schedule VI of the Companies Act, 1956 : Nil

6. Previous Year''s figure have been re-grouped / rearranged wherever essential.

7. We relied on vouchers duly certified by the Assessee wherever original bills are not available during the test checked conducted in the course of our audit.

8. Cash on hand at the year end certified by the management. Moreover we are not physically verified the Cash Balance as on 31-03-2013.

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Mar 31, 2012

I. Previous years figures have been regrouped wherever necessary.

II. Balances of creditors, Loans & Advances and Debtors are subject to confirmation by the parties concerned.

III. In respect of sales tax/income tax liability company does not expect any more liability than provided in the books of accounts.

IV. We relied on vouchers duly certified by the Assessee wherever original bills are not available during the test checked conducted in the course of our audit.

V. In the opinion of the Directors of the Company the current assets, Loans & . Advances appearing in the balance sheet are approximately of the value as stated if realized in the ordinary course of business.

VI. Cash on hand at the year end certified by the management.

VII. The company operates in investment and Trading of Shares and Securities only. Hence no separate segment reporting is required.