అకౌంట్స్ గమనికలుGreenhitech Ventures Ltd.

Mar 31, 2025

Intangible Fixed Assets:

Intangible assets are recognized when it is probable that the future economic benefits that are attributable to the asset will flow to the enterprise and the cost of the asset can be measured reliably.

Impairment of Assets:

• The carrying amounts of assets are reviewed at each balance sheet date if there is any indication of impairment based on internal / external factors. An impairment loss is recognized wherever the carrying amount of an asset exceeds its recoverable amount. The recoverable amount is the greater of the asset''s net selling price and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and risks specific to the asset. Net

selling price is the amount obtainable from the sale of an asset in an arm''s length transaction between knowledgeable, willing parties, less the costs of disposal.

• After impairment, depreciation is provided on the revised carrying amount of the asset over its remaining useful life

Depreciation and Amortization:

• Depreciation on the fixed assets is provided under written down method as per the rates prescribed in Schedule II to the Companies Act, 2013 or at rates permissible under applicable local laws so as to charge off the cost of assets to the Statement of Profit and Loss over their estimated useful life, except on the following categories of assets:

(i) Assets costing up to '' Rs5, 000/- are fully depreciated in the year of acquisition.

(ii) Leasehold land and leasehold improvements are amortized over the primary period of lease.

(iii) Intangible assets are amortised over their useful life of 5 years.

Investments:

Investments, which are readily realizable and intended to be held for not more than one year from the date on which such investments are made, are classified as current investments. All other investments are classified as long-term investments.

• On initial recognition, all investments are measured at cost. The cost comprises the purchase price and directly attributable acquisition charges such as brokerage, fees and duties. If an investment is acquired, or partly acquired by the issue of shares or the other securities, the acquisition cost is the fair value of securities issued. If an investment is acquired in exchange for another asset, the acquisition is determined by reference to the fair value of the asset given up or by reference to the fair value of the investment acquired, whichever is more clearly evident.

• Current investments are carried at the lower of cost and fair value determined on an individual investment basis. Long- term investments are carried at cost. However, provision for diminution in value is made to recognize a decline other than temporary in the value of the long term investments.

• On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the statement of profit and loss.

Employee Benefits:

Employee benefits include provident fund, employee state insurance scheme, gratuity fund and Compensated absences.

Inventories:

Stock in trade, stores and spares are valued at the lower of the cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and estimated costs necessary to make the sale. Cost of stock in trade procured for specific projects is assigned by specific identification of individual costs of each item. Costs of stock in trade, that are interchangeable and not specific to any project is determined using the weighted average cost formula. Cost of stores and spare parts is determined using weighted average cost.

Borrowing Costs:

Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the respective asset. All other borrowing costs are expensed in the period they occur. Borrowing costs consist of interest, exchange differences arising from foreign currency borrowings to the extent they are regarded as an adjustment to the interest cost and other costs that an entity incurs in connection with the borrowing of funds.

Revenue Recognition:

Revenue from Operations

• Sale and operating income include sale of products, services, income from job work services, etc.

• Sale of goods are recognized, net of returns and trade discounts, on transfer of significant risks and rewards of ownership to the buyer. Sales include excise duty but exclude sales tax and value added tax.

• Sale of services are recognized when services are rendered and related costs are incurred.

• Revenue from job work services is recognized based on the services rendered in accordance with the terms of contracts.

Revenue Recognition

Other income

• Interest income is recognized on time proportion basis taking into account the amount outstanding

• And the rate applicable.

Taxation:

Tax expense comprises current and deferred tax. Current income tax expense comprises taxes on income from operations in India and in foreign jurisdictions. Income tax payable in India is determined in accordance with the provisions of the Income Tax Act, 1961 and tax expense relating to overseas operations is determined

in accordance with tax laws applicable in countries where such operations are domiciled.

• Deferred tax expense or benefit is recognized on timing differences being the difference between taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

• Deferred tax assets and liabilities are measured using the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date. Deferred income tax relating to items recognized directly in equity is recognized in equity and not in the statement of profit and loss. Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred tax assets and deferred tax liabilities relate to the taxes on income levied by the same governing taxation laws.

• Deferred tax liabilities are recognized for all taxable timing differences. Deferred tax assets are recognized only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized. In situations where the Company has unabsorbed depreciation or carry forward tax losses, all deferred tax assets are recognized only if there is virtual certainty supported by convincing evidence that they can be realized against future taxable profits. In the situations where the Company is entitled to a tax holiday under the Income realized against future taxable profits. In the situations where the Company is entitled to a tax holiday under the Income tax Act, 1961 enacted in India, no deferred tax (asset or liability) is recognized in respect of timing differences which reverse during the tax holiday period, to the extent the Company''s gross total income is subject to the deduction during the tax holiday period. Deferred tax in respect of timing differences which reverse after the tax holiday period is recognized in the year in which the timing differences originate.

• At each balance sheet date, the Company re-assesses recognized and unrecognized deferred tax assets. The Company writes-down the carrying amount of a deferred tax asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which the deferred tax asset can be realized. Any such write-down is reversed to the extent that it becomes reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available. The Company recognizes unrecognized deferred tax assets to the extent that it has become reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which such deferred tax assets can be realized.

Minimum Alternative tax (MAT) credit 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 a credit to the statement of profit and loss and shown as MAT Credit Entitlement. The Company reviews the MAT Credit Entitlement at each balance sheet date and writes down the carrying amount of the MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that Company will pay normal income tax during the specified period.

Earnings per share:

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equities shares outstanding during the period.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares.

Provisions:

A provision is recognized when there exists a present obligation as a result of past events and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. Provisions are not discounted to present value and are determined based on best estimates required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

Contingent liabilities:

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognized because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognized because it cannot be measured reliably, the Company does not recognize a contingent liability but discloses its existence in the financial statements.

Cash and cash equivalent:

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short-term deposits with banks with an original maturity of three months or less.

2. Additional Information:-

1) Contingent Liabilities and commitments

a) Contingent Liabilities shall be classified as:

i) Claim against the company not acknowledged as debt Nil

ii) Guarantees Nil

iii) Other money for which the company is contingently liable - Nil

2) Commitments shall be classified as:

a) Estimated amounts of contracts remaining to be executed on capital account

and not provided for; Nil

b) Uncalled liability on shares and other investment partly paid; Nil

c) Other commitments Nil

3) The Company has not proposed any dividend to be distributed to Equity and Preference Shareholders during the year.

4) In the opinion of the board, none of the assets and non-current investments have a value on realization in the ordinary course of business less than the amount at which they are stated.

5) The company has not revalued its Property, Plant and Equipment during the year.

6) The company has not granted any loans or advances in the nature of loan to promoters, directors, KMPs and the related parties either severally or jointly with any other person that are repayable on demand or without specifying any terms or period of repayments.

7) There is no Capital-Work-in-Progress or Intangible assets under development with the company.

8) The company is not holding any Benami Property as defined under Benami Transaction (Prohibition) Act, 1988 and the rules made thereunder.

9) The company has been sanctioned a working Capital Limit, the outstanding amount of the same as on 31^st march 2025 is Rs 466.09 Lakhs against Hypothecation of Inventory and Debtors. There is monthly requirement of furnishing returns or statements of current assets to the bank which is being complied.

10) The company has not been declared as a wilful defaulter by any bank or financial institutions.

11) The company is not having any relationship with Struck off Companies.

12) The company is not having any holding or subsidiary company. Hence, the provisions related to restrictions on number of layers are not applicable to the company. Furthermore, the provisions for the losses of subsidiary companies and dividend from subsidiary companies has not been recognized.

13) The company has neither received nor advanced/ paid/ invested any fund from/ to any person(s) or entity (ies), including foreign entities during the year except Unsecured Loan from directors and relative concern as stated in point No. 3B below.

14) There is no amount set aside or proposed to be set aside, to reserve or provisions, to meet any specific liability, contingency or commitment known to exist at the date as to which the balance sheet is made up. Furthermore, the company does not withdrawn any amount from reserves or provisions during the year.

15) Disclosures related to transactions in Foreign Currency-

a) The earnings of the company in foreign exchange is as under:-

i) Export of goods during the year NIL

ii) Payment Received against above Export NIL

iii) Advance Received from Foreign Customer during the Year NIL

iv) Royalty, know-how, Professional & Consultation Fees NIL

v) Interest and Dividend NIL

vi) Other income NIL

b) The CIF value of Imports made during the year is as under:

i) Raw Material NIL

ii) Components and Spare Parts NIL

iii) Capital Goods NIL

c) The company has not incurred any expenditure in foreign currency during the year on account of Royalty, Know How, Professional & Consultation Fees, Interest and other matters.

d) The company has not distributed any dividend in foreign currency during the year.

e) There is no consumption of any imported raw material, spare parts and components during the year.

16) The company has not traded or invested in Crypto Currency or virtual currency during the financial year.

17) Since, the company has not accumulated profits till the end of the year hence the provisions related to Corporate Social Responsibility (CSR) are not applicable on the company.

18) The company has not surrendered or disclosed any income during the year in the tax assessments under the Income Tax Act, 1961.

4. Micro, Small and Medium scale Entities:

There are no Micro, Small and Medium enterprises, for whom the company owes dues, which are outstanding for more than 45 days as at 31^st March, 2025.This information is required to be disclosed under Micro, Small and Medium enterprises Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company.

However, No Separate Registers/records are maintained as there is no mechanism to identify the same.

5. Balances from the parties concerned in respect of loans and Advances, Current liabilities and Sundry Debtors are subject to confirmation.

6. Deferred Tax (Computation as per AS-22 Taxes on Income):

Deferred tax asset has been created on timing difference due to difference in depreciation as per income tax act and companies act to the tune of Rs. 82055/-

7. Previous year figures have been regrouped and rearranged, wherever necessary to make them comparable with the current year''s figures.

---

Mar 31, 2024

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the results of operations during the reporting period. Although these estimates are based upon management''s best knowledge of current events and actions, actual results could differ from these estimates.

Tangible Fixed Assets

• Fixed assets are stated at cost less accumulated depreciation and impairment losses if any. Cost comprises the purchase price and directly attributable cost of bringing the asset to its working condition for its intended use. Any trade discounts and rebates are deducted in arriving at the purchase price.

• Borrowing costs relating to acquisition of tangible assets which takes substantial period of time to get ready for its intended use are also included to the extent they relate to the period till such assets are ready to be put to use. Assets under installation or under construction as at the Balance Sheet date are shown as Capital Work in Progress.

Intangible Fixed Assets:

Intangible assets are recognized when it is probable that the future economic benefits that are attributable to the asset will flow to the enterprise and the cost of the asset can be measured reliably.

Impairment of Assets:

• The carrying amounts of assets are reviewed at each balance sheet date if there is any indication of impairment based on internal / external factors. An impairment loss is recognized wherever the carrying amount of an asset exceeds its recoverable amount. The recoverable amount is the greater of the asset''s net selling price and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and risks specific to the asset. Net

selling price is the amount obtainable from the sale of an asset in an arm''s length transaction between knowledgeable, willing parties, less the costs of disposal.

• After impairment, depreciation is provided on the revised carrying amount of the asset over its remaining useful life

Depreciation and Amortization:

• Depreciation on the fixed assets is provided under written down method as per the rates prescribed in Schedule XIV to the Companies Act, 2013 or at rates permissible under applicable local laws so as to charge off the cost of assets to the Statement of Profit and Loss over their estimated useful life, except on the following categories of assets:

(i) Assets costing up to Rs. 5, 000/- are fully depreciated in the year of acquisition.

(ii) Leasehold land and leasehold improvements are amortized over the primary period of lease.

(iii) Intangible assets are amortised over their useful life of 5 years.

Investments:

Investments, which are readily realizable and intended to be held for not more than one year from the date on which such investments are made, are classified as current investments. All other investments are classified as long-term investments.

• On initial recognition, all investments are measured at cost. The cost comprises the purchase price and directly attributable acquisition charges such as brokerage, fees and duties. If an investment is acquired, or partly acquired by the issue of shares or the other securities, the acquisition cost is the fair value of securities issued. If an investment is acquired in exchange for another asset, the acquisition is determined by reference to the fair value of the asset given up or by reference to the fair value of the investment acquired, whichever is more clearly evident.

• Current investments are carried at the lower of cost and fair value determined on an individual investment basis. Long- term investments are carried at cost. However, provision for diminution in value is made to recognize a decline other than temporary in the value of the long term investments.

• On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the statement of profit and loss.

Employee Benefits:

Employee benefits include provident fund, employee state insurance scheme, gratuity fund and Compensated absences.

Inventories:

Stock in trade, stores and spares are valued at the lower of the cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and estimated costs necessary to make the

sale. Cost of stock in trade procured for specific projects is assigned by specific identification of individual costs of each item. Costs of stock in trade, that are interchangeable and not specific to any project is determined using the weighted average cost formula. Cost of stores and spare parts is determined using weighted average cost.

Borrowing Costs:

Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the respective asset. All other borrowing costs are expensed in the period they occur. Borrowing costs consist of interest, exchange differences arising from foreign currency borrowings to the extent they are regarded as an adjustment to the interest cost and other costs that an entity incurs in connection with the borrowing of funds.

Revenue Recognition:

Revenue from Operations

• Sale and operating income include sale of products, services, income from job work services, etc.

• Sale of goods are recognized, net of returns and trade discounts, on transfer of significant risks and rewards of ownership to the buyer. Sales include excise duty but exclude sales tax and value added tax.

• Sale of services are recognized when services are rendered and related costs are incurred.

• Revenue from job work services is recognized based on the services rendered in accordance with the terms of contracts.

• The Statement includes the results for the period from 14th May, 2023 to 31st March, 2024 and half year ended March 31, 2024. Due to complexities in practical implications in conversion from Partnership Firm to Company, transactions of Greenhitech Ventures Private Limited from 14th May, 2023 to 30th September, 2023 was done in Greentech Hydrocarbons (Partnership Firm) and has been considered in this statement.

Revenue Recognition

Other income

• Interest income is recognized on time proportion basis taking into account the amount outstanding

• And the rate applicable.

Taxation:

Tax expense comprises current and deferred tax. Current income tax expense comprises taxes on income from operations in India and in foreign jurisdictions.

Income tax payable in India is determined in accordance with the provisions of the Income Tax Act, 1961 and tax expense relating to overseas operations is determined in accordance with tax laws applicable in countries where such operations are domiciled.

• Deferred tax expense or benefit is recognized on timing differences being the difference between taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

• Deferred tax assets and liabilities are measured using the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date. Deferred income tax relating to items recognized directly in equity is recognized in equity and not in the statement of profit and loss. Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred tax assets and deferred tax liabilities relate to the taxes on income levied by the same governing taxation laws.

• Deferred tax liabilities are recognized for all taxable timing differences. Deferred tax assets are recognized only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized. In situations where the Company has unabsorbed depreciation or carry forward tax losses, all deferred tax assets are recognized only if there is virtual certainty supported by convincing evidence that they can be realized against future taxable profits. In the situations where the Company is entitled to a tax holiday under the Income realized against future taxable profits. In the situations where the Company is entitled to a tax holiday under the Income tax Act, 1961 enacted in India, no deferred tax (asset or liability) is recognized in respect of timing differences which reverse during the tax holiday period, to the extent the Company''s gross total income is subject to the deduction during the tax holiday period. Deferred tax in respect of timing differences which reverse after the tax holiday period is recognized in the year in which the timing differences originate.

• At each balance sheet date, the Company re-assesses recognized and unrecognized deferred tax assets. The Company writes-down the carrying amount of a deferred tax asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which the deferred tax asset can be realized. Any such write-down is reversed to the extent that it becomes reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available. The Company recognizes unrecognized deferred tax assets to the extent that it has become reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which such deferred tax assets can be realized.

Minimum Alternative tax (MAT) credit 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 a credit to the statement of profit and loss and shown as MAT Credit Entitlement. The Company reviews the MAT Credit Entitlement at each balance sheet date and writes down the carrying amount of the MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that Company will pay normal income tax during the specified period.

Earnings per share:

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equities shares outstanding during the period.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares.

Provisions:

A provision is recognized when there exists a present obligation as a result of past events and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. Provisions are not discounted to present value and are determined based on best estimates required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

Contingent liabilities:

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognized because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognized because it cannot be measured reliably, the Company does not recognize a contingent liability but discloses its existence in the financial statements.

Cash and cash equivalent:

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short-term deposits with banks with an original maturity of three months or less.

2. Additional Information:-

1) Contingent Liabilities and commitments

a) Contingent Liabilities shall be classified as:

i) Claim against the company not acknowledged as debt Nil

ii) Guarantees Nil

iii) Other money for which the company is contingently liable - Nil

2) Commitments shall be classified as:

a) Estimated amounts of contracts remaining to be executed on capital account

and not provided for; Nil

b) Uncalled liability on shares and other investment partly paid; Nil

c) Other commitments Nil

3) The Company has not proposed any dividend to be distributed to Equity and Preference Shareholders during the year.

4) In the opinion of the board, none of the assets and non-current investments have a value on realization in the ordinary course of business less than the amount at which they are stated.

5) The company has not revalued its Property, Plant and Equipment during the year.

6) The company has not granted any loans or advances in the nature of loan to promoters, directors, KMPs and the related parties either severally or jointly with any other person that are repayable on demand or without specifying any terms or period of repayments.

7) There is no Capital-Work-in-Progress or Intangible assets under development with the company.

8) The company is not holding any Benami Property as defined under Benami Transaction (Prohibition) Act, 1988 and the rules made thereunder.

9) The company has been sanctioned a working Capital Limit, the outstanding amount of the same as on 31^st march 2024 is Rs. 1,02,37,516/- against Hypothecation of Inventory and Debtors. There is monthly requirement of furnishing returns or statements of current assets to the bank which is being complied.

10) The company has not been declared as a wilful defaulter by any bank or financial institutions.

11) The company is not having any relationship with Struck off Companies.

12) The company is not having any holding or subsidiary company. Hence, the provisions related to restrictions on number of layers are not applicable to the company. Furthermore, the provisions for the losses of subsidiary companies and dividend from subsidiary companies has not been recognized.

13) The company has neither received nor advanced/paid/ invested any fund from/to any person(s) or entity (ies), including foreign entities during the year except Unsecured Loan from directors and relative concern as stated in point No. 3B below.

14) There is no amount set aside or proposed to be set aside, to reserve or provisions, to meet any specific liability, contingency or commitment known to exist at the date as to which the balance sheet is made up. Furthermore, the company does not withdrawn any amount from reserves or provisions during the year.

15) Disclosures related to transactions in Foreign Currency-

a) The earnings of the company in foreign exchange is as under:-

i) Export of goods during the year NIL

ii) Payment Received against above Export NIL

iii) Advance Received from Foreign Customer during the Year NIL

iv) Royalty, know-how, Professional & Consultation Fees NIL

v) Interest and Dividend NIL

vi) Other income NIL

b) The CIF value of Imports made during the year is as under:

i) Raw Material NIL

ii) Components and Spare Parts NIL

iii) Capital Goods NIL

c) The company has not incurred any expenditure in foreign currency during the year on account of Royalty, Know How, Professional & Consultation Fees, Interest and other matters.

d) The company has not distributed any dividend in foreign currency during the year.

e) There is no consumption of any imported raw material, spare parts and components during the year.

16) The company has not traded or invested in Crypto Currency or virtual currency during the financial year.

17) Since, the company has not accumulated profits till the end of the year hence the provisions related to Corporate Social Responsibility (CSR) are not applicable on the company.

18) The company has not surrendered or disclosed any income during the year in the tax assessments under the Income Tax Act, 1961.

4. Micro, Small and Medium scale Entities:

There are no Micro, Small and Medium enterprises, for whom the company owes dues, which are outstanding for more than 45 days as at 31^st March, 2024.This information is required to be disclosed under Micro, Small and Medium enterprises

Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company.

However, No Separate Registers/records are maintained as there is no mechanism to identify the same.

5. Balances from the parties concerned in respect of loans and Advances, Current liabilities and Sundry Debtors are subject to confirmation.

6. Deferred Tax (Computation as per AS-22 Taxes on Income):

Deferred tax asset has been created on timing difference due to difference in depreciation as per income tax act and companies act to the tune of Rs. 60,361/-

^Previous year figures have been regrouped and rearranged, wherever necessary to make them comparable with the current yeah s figures.