అకౌంట్స్ గమనికలుMsafe Equipments Ltd.

Mar 31, 2025

Note No.: 26 Contingent Liabilities & Assets

There are no contingent liabilities & Assets as on 31^stMarch, 2025.

Note No.: 27 Investments

There are no Investments as on 31^sl March, 2025.

Note No.: 28 Directors Sitting Fees

The Directors have waived off the sitting fees for attending the board meetings.

Note No.: 29 Inventories

Inventories are valued at cost or net realizable value whichever is lower. Inventories are valued by using FIFO Method Note No.: 30 Foreign Exchange

Foreign currency transactions are recorded at the rate of exchange prevailing on the date of transaction. At the year end, there are no other liabilities or assets denominated in foreign currency except as mentioned below. Exchange difference arising on actual payment/realization and year end restatement are adjusted to Statement of profit & loss in foreign exchange fluctuation account.

NoteNo.:31 Pending Litigation

The Company doesn''t have any Pending Litigation as at 31-03-2025.

Note No.: 32 Applicability of CARO. 2020

During the year under review, Requirements of the Companies (Auditor’s Report) Order, 2020(“the Order”) issued by the Central Government of India in terms of sub-section (11) of section 143 of the Act, is applicable. Relevant annexure of report is attached with Audit report.

Note No.: 33 Taxation

a. Current Year Tax

The Current year tax has been charged to Statement of Profit and Loss on the basis of Assessable income of me company, as computed under me Income Tax Act, 1961.

b. Deferred Tax Assets

Deferred Tax is recognized subject to consideration of prudence on timing difference being the difference between taxable income & accounting income that originate in one period and are capable of reversal in one or more subsequent period. Deferred Tax Liability have been recognized where mere is reasonable certainty that sufficient future taxable income will be available against which such deferred tax liability can be realized.

The Company has made provision for Deferred Tax on the timing difference between the taxable income and accounting income.

Terms and conditions of transaction with related parties

The sales to and purchases from related parties are made on terms equivalent to those that prevail in arm''s length transactions. Outstanding balances at the year end are unsecured and interest free and settlement occurs in cash and cash equivalents, unless otherwise stated. There have been no guarantees provided or received for any related party receivables or payables. For the year ended March 31 2025, the Company has not recorded any impairment of receivables relating to amounts owed by related parties (March 31 2024: Rs. NIL). This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates.

Commitments with related parties

At March 31 2025, the Company has no commitments for purchase of property, plant & equipment from related parties. Hence, no additional information is disclosed in these financial statements.

During the year under review the Company does not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.

Note No.: 37

There has not been an occasion in case of the Company during the period under report to transfer any sums to the Investor Education and Protection Fund. Note No. 38 MSME

The Ministry of Micro, Small and Medium Enterprises has issued an office Memorandum dated 26th August 2008 which recommends that the Micro and Small Enterprises should mention in their correspondence with its customers the Entrepreneurs Memorandum number as allocated after filling of the Memorandum. Based on the information available with the management, during the year there may be such instances where the payment to Micro and Small Enterprises as defined under Micro, Small and Medium Enterprises Development Act 2006 has been made after the period as mentioned in the Micro, Small and Medium Enterprises Development Act 2006, but the Company does not have provided any interest on such delayed paid amount to creditors registered under MSME Act as the company has made payment to them as per normal practice of business. Further, the company had not received any claim for interest from anv sunnlier under the said Act. Further the Comnanv does not have anv overdue to Micro and Small Entemrises as at 31.03.2025.

Note No. 39 Basic & Diluted Earnings Per Share

Basic earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders by weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed using the weighted average number of equity shares and also the weighted average number of equity shares that could have been issued on the conversion of all dilutive potential equity shares except where results are anti-dilutive.

Balances of Trade Payable, Trade Receivables, other receivable and payables have been taken as per books awaiting for respective confirmation Note No.- 41

No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the company to or in any other person(s) or entities, including foreign entities (“Intermediaries”), with the understanding that the intermediary shall whether directly or indirectly lend or invest in other persons or entities identified in any manner by or on behalf of the company (Ultimate Beneficiaries) or provide any

No funds have been received by the company from any person(s) or entities including foreign entities (“Funding Parties”) with the understanding that such company shall whether, 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 provide guarantee, security or the like on behalf of the Ultimate beneficiaries

Note No. 42 Dividend

No dividend have been declared or paid during the year by the company Note No. 43 Other Statutory Information

43.1. The Company does not have any benami property and No proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

43.2. The Company has not traded or invested in Crypto currency or Virtual currency during the financial year.

43.3 The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income-tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act,

43.4. The Company has availed loan / credit facility from bank, financial institution or lender, and has repaid the instalments on due date, hence not declared willful defaulter by any bank or financials institution or lender during the

43.5. The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory'' period

43.6. The Company had taken borrowings from banks and financial institutions and had utilised the borrowed funds for the purposes for which the fund is obtained.

43.7. There are no transactions with the companies whose names are shuck off under section 248 of the Companies Act, 2013 or Section 560 of the Companies Act, 1956 during the year ended 31 March 2025.

43.8. Title Deeds of all the immovable Properties are held in the name of company.

43.9. The Company has not revalued any item of property, plant and equipment and Intangible Assets.

43.10. The Company has not received any grant and donations.

43.11. The Company does not have any Subsidiary as prescribed under clause (87) of Section 2 of the Companies Act 2013 read with Companies (Restriction of number of layers Rules, 2017)

43.12. The Company had not entered into any scheme(s) of arrangements during the financial year.

Note No. 44 Utilization of Borrowed Funds

The Company has been sanctioned working capital limit of Rs.3.23 crore, and Drop Line Over Draft Limit of Rs. 1.57 Crore from ICICI Bank in aggregate Rs. 4.80 Crore on the basis of security of current assets (stocks, debtors) and property of Director. W.e.f. 05.11.2024 the above facility converted into Bank Overdraft of Rs. 7.00 Crore secured against the Factory Land and Building owned by the Company. The monthly returns or statements of current assets were filed by the Company with Bank upto second quarter only (on quarterly basis) and are generally in agreement with the unaudited books of accounts of the

The Current Assets, Loans & Advances are realisable in ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet.

Note No. 46

There are no indications of impairment on any individual cash generating assets or on cash generating units in the opinion of management and therefore no test of impairment is carried out.

Note No. 47

Based on the evaluation, the Company is not aware of any subsequent events or transactions, that would require recognition or disclosure in the financial statements..

Note No. SI Gratuity and other post-employment benefit plans

The Company has one defined benefit plans, viz. gratuity (unfunded).

The gratuity plan is governed by the Payment of Gratuity Act, 1972. Under the Act, every employee who has completed five years of service gets gratuity on departure at 15 days salary (last drawn salary) for each completed year of service. The plan is not funded by the Company.

For Defiened benefit plans, the cost of providing benefits is determined using the projected unit credit method, with actuarial valuations being carried out as at 31.03.2025.

The following tables summarise the components of net benefit expense recognised in the statement of profit or loss and the funded status and amounts recognised in the balance sheet for the respective plans:

There are no indications of impairment on any individual cash generating assets or on cash generating units in the opinion of management and therefore no test of impairment is carried out.

Note No. 53

Based on the evaluation, the Company is not aware of any subsequent events or transactions, that would require recognition or disclosure in the financial

Note No. 54 Segment Reporting

Business Segment:

(a) The business segment has been considered as the primary segment.

(b) The Company’s primary business segments are reflected based on principal business activities, the nature of service, the differing risks and returns, the organization structure and the internal financial reporting system.

(c) The Company''s primary business includes manufacturing of Aluminium and steel scaffolding & ladders. Further the manufactured Goods are sold as well as used for providing rental services. The Board of Directors review the operating results as a whole. For purposes of making decisions about resources to be allocated and assess its performance, the entire operations are to be classified as a single business segment as envisaged in Accounting Standard 17 ''Segment Reporting'' therefore disclosure for Segment Reporting is not applicable.

Geographical Segment:

For the purpose of geographical segments the Company is operating its business activity in India only and for disclosure India is considered as Single geographical segment. Accordingly, there is no Geographical reportable segment as per Accounting Standard 17 Segments Reporting.

Note No. 55 Financial Ratio

Financial Ratios are disclosed in the statement annexed to these financial statements as Annexure I.

Note No. 56

Previous year figures have been regrouping/restated , where necessary, to conform to this year’s classification