అకౌంట్స్ గమనికలుNivi Trading Ltd.

Mar 31, 2024

1.14. Provisions, contingent liabilities, contingent assets

A provision is recognised when the Company has a present obligation (legal 01
constructive) as a result of past event and it is probable that an outflow of
resources will be required to settle the obligation, in respect of which a leliable
estimate can be made. If the effect of time value of money is material, pi ovisions
are discounted using a current pre-tax rate that reflects, when appropriate, the
risk specific to the liability. When discounting is used, the inciease in the
provision due to the passage of time is recognised as a finance cost. These aie
reviewed at each balance sheet date and adjusted to reflect the current best
estimates.

A disclosure for a contingent liability is made when there is a possible obligation
or a present obligation that may, but probably will not require an outflow of
resources. When there is a possible obligation or a present obligation in respect
of which likelihood of outflow of resources is remote, no provision or disclosure
is made.

The Company does not recognize a contingent asset but discloses its existence in
the financial statements if the inflow of economic benefits is probable. However,
when the realisation of income is virtually certain, then the related asset is no
longer a contingent asset, but it is recognized as an asset.

Provisions, contingent liabilities, contingent assets and commitments are
reviewed at each balance sheet date.

1.15. Earnings per share

Basic earnings per share are computed using the net profit for the year
attributable to the shareholders'' and weighted average number of shares
outstanding during the year. The weighted average numbers of shaies also
includes fixed number of equity shares that are issuable on conversion of
compulsorily convertible preference shares, debentures or any other instrument,
from the date consideration is receivable (generally the date of their issue) of
such instruments.

Diluted earnings per share is computed using the net profit for the year
attributable to the shareholder'' and weighted average number of equity and
potential equity shares outstanding during the year including share options,
convertible preference shares and debentures, except where the result would be
anti-dilutive. Potential equity shares that are converted during the year are
included in the calculation of diluted earnings per share, from the beginning of

the year or date of issuance of such potential equity shares, to the date of
conversion.

1.16. Financial instruments

A financial instrument is any contract that gives rise to a financial asset of one
entity and a financial liability or equity instrument of another entity. Financial
assets and financial liabilities are initially measured at fair value. Transaction
costs 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 recognizedqmmediately
in profit or loss. /

2. OTHER ADDITIONAL INFORMATION FORMING PART OF_FINANCIAL

STATEMENT

I. Contingent Liability: NIL

II. Capital Commitment: NIL

III. Segment Reporting:

The Company has one reportable business and geographical segment and hence
no further disclosure is required under IND AS- 108 on Segment Reporting.

IV. Related Parties Disclosures under IND AS 24:

As per Annexure attached.

V. Previous year''s figures have been regrouped and recast wherever necessary to
conform to the current year classification.

For VORA & ASSOCIATES FOR AND ON BEHALF OF THE BOARD

CHARTERED ACCOUNTANTS
(ICAI FRNo.: 111612W)

Su/ofYL A - ''S&rfl |) l/l^aA

RR A M B HIA SANDRA R. SHROFF RAJNIKANT D. SHROFF

.^ARTNER MANAGING DIRECTOR DIRECTOR

[Membership No.: 140371) DIN: 00189012 DIN: 00180810

PRIYANKA JAIN BRUBECK DIAS

COMPANY SECRETARY CHIEF FINANCIAL OFFICER
Membership No.: A40848

Place: Mumbai Place: Mumbai

Date: 7^th May, 2024 Date: 7^fh May, 2024

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Mar 31, 2014

1. Terms / Rights attached to Equity Shares:

The company has only one class of Equity shares having par value of Rs 10/- per share. Each holder of equity shares is entitled to ONE vote per share. The dividend proposed, if any, by the Board of Directors are subject to approval of shareholders in the ensuing annual general meeting.

During the year ended 31st March 2014, the amount of dividend per share recognised as distributions to equity shareholders was NIL (31st March 2013: NIL)

The Company has only one class of equity shares having par value of Rs 10 per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividend, if any, in Indian rupees.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

2. Other Disclosures

a. There are contingent liabilities to the company. Contingent liabilities are not recognized in the accounts but disclosed as under: Disputed Income tax liability pending in appeal with the ITAT, Mumbai amounts to Rs.144,016/- for Ay 2001-02 and Rs.44,683/- for A.Y.2005-06

b. The Company does not have any Capital Commitments as on the 31st March 2014.

c. There are No Employees in the Company during the year.

d. SEGMENT REPORTING fas per AS-17 issued by I.C.A.U:

The Company has mainly one reportable business segment and hence no further disclosures is required under Accounting Standard (AS) -17 on segment reporting.

e. Disclosures of Related Party Transactions (as per AS-18 issued by I.C.A.D:

The Disclosure as per AS 18 is attached as Annexure I.

f. Previous Year Figures

The Company has re-classified & re-grouped previous year figures to conform to this year''s classification.

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Mar 31, 2013

1. Corporate information

Nivi Trading Limited is a public limited Company and is listed on the BSE Ltd. The Company was incorporated to carry on business as Traders, Retailers, Whole-sellers, Exporters etc. of chemicals, dyes, pharmaceuticals, and other general dyes and other various products. However, the Company has yet to commence trading operations for lack of viable propositions. The three Directors of Company are also Directors on the Board of various Public and Private Limited Companies and thus there is an high integrity and ethical value regarding management control,

2. Basis of preparation

The financial statements have been prepared to comply in ail material respects in respects with the Notified accounting standard by Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 1956. The financial statements have been prepared under the historical cost convention on an accrual basis.

The accounting policies have been consistently applied by the Company and are consistent with those used in the previous year,

3. Segment reporting

The Company is engaged in trading business in India, which in the context of Accounting Standard (AS) - 17 "Segment Reporting" issued by iCA! is considered to be it''s only business segment and thus no geographical segment is applicable.

a. Terms / Rights attached to Equity Sharpest

The company has only one class of Equity shares having par value of 10/- per share. Each holder of equity shares is entitled to ONE vole per share. The dividend proposed by the Board of Directors are subject to approval of shareholders in the ensuing annual general meeting.

During the year ended 31st March 2013, the amount of dividend per share recognized as distributions to equity shareholders was NIL (31st March 2012: NIL]

The Company has only one class of equity shares having par value of Rs 10 per share. Kadi holder of equity shares is entitled to one vote per share. The Company declares and pays dividend, if any, in Indian rupees.

In the event of liquidation of the Company, the holders of equity shares mil be entitled to receive remaking assets of the Company, after distribution of all preferential amounts. The distribution will be tn proportion to the number of equity shares Ivied by the shareholders.

b. Shares held by holding Company are as follows:

The Company is not a subsidiary of any Company and hence no related reporting is required.

4. Director''s sitting fees

Directors have waived the sitting fees for meetings attended by them during the year.

5. Previous Year''s figures

The Company has re-classified, re-grouped previous year figures to conform to this year''s classification.

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Mar 31, 2012

1. Corporate information

Nivi Trading Limited is a public limited Company and is listed on The BSE Ltd.The Company was incorporated to cany on business as Traders, Retailers, Whole-sellers, Exporters etc. of chemicals, dyes, pharmaceuticals, and other general dyes and other various products. However, the Company has yet to commence trading operations for lack of viable propositions. The three Directors of Company are also Directors on the Board of various Public and Private Limited Companies and thus there is an high intergrity and ethical value regarding management control.

2. Basis of preparation

The financial statements have been prepared to comply in all material respects in respects with the Notified accounting standard by Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 1956. The financial statements have been prepared under the historical cost convention on an accrual basis.

The accounting policies have been consistently applied by the Company and are consistent with those used in the previous year.

3. Segment reporting

The Company is engaged in trading business in India, which in the context of Accounting Standard (AS) - 17 "Segment Reporting" issued by ICAI is considered to be it's only business segment and thus no geographical segment is applicable.

(a) Earnings Per Share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholder by the weighted average number of equity 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 period are adjusted for the effects of all dilutive potential equity shares.

(b) Provisions

A provision is recognised when an enterprise has a present obligation as a result of past event; it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to its present value and are determined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates.

(c) Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at bank and in hand and short-term investments with an original maturity of three months or less.

(d) Taxation

Tax expense comprises of current and deferred tax. Current income tax is measured at the amount expected to be paid to the tax authorities in accordance with the Income-tax Act, 1961 enacted in India. Deferred income taxes reflects the impact of current year timing differences between taxable income and accounting income for the year and reversal of timing differences of earlier years.

Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the balance sheet date. 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 same governing taxation laws. Deferred tax assets are recognised 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 realised. In situations where the Company has unabsorbed depreciation or carry forward tax losses, all deferred tax assets are recognised only if there is virtual certainty supported by convincing evidence that they can be realised against future taxable profits.

(a) Reconciliation of the shares outstanding at the beginning and at the end of the reporting period

There is no movement of shares during the year and thus there is no reconciliation statement has been reported. - .

(b) Terms/ rights attached to equity shares

The Company has only one class of equity shares having par value of RslO per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividend, if any, in Indian rupees.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

As per records of the Company, including its register of shareholders/ members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownerships of shares.

Aggregate amount of quoted investments (Market value : Rs. 19,61,411/- (31 March 2011: Rs. 19,27,157/-))

Aggregate amount of unquoted investments - Mutual fund (NAV: Rs. 13,04,079/- (31 March 2011: Rs.14,63,052/-))

Aggregate amount of unquoted equity investments - Rs. 112,800/-

Aggregate provision for diminution in value of investments - Rs.ll ,65,000/-

Related party transactions

The following table provides the total amount of transactions that have been entered into with related parties for the relevant financial yean

4. Director's sitting fees

Directors have waived the sitting fees for meetings attended by them during the year.

5. Previous Year's figures

Till the year ended 31st March 2011, the Company was using pre-revised Schedule VI to the Companies Act 1956, for the preparation and presentation of its financial statements. During the year ended 31st March 2012, the revised Schdule VI notified under the Companies Act 1956, has become applicable to the Company. The Company has re-classified previous year figures to conform to this year's classification. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However, it significantly impacts presentation and disclosures made in the financial statements, particularly presentation of the balance sheet.

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Mar 31, 2010

1. The Company has made investments in shares of public/private limited companies in which one or more Directors of the Company is/are interested as either Director or members of the said Companies.

2. Contingent Liability:

Contingent liability not provided in accounts for disputed income tax liability pending in appeal with the ITAT and CIT (A), Mumbai amounts to Rs. 1,44,016/- for A.Y. 2001 - 02, Rs. 44,683/- for A.Y.2005-06.

3. Provision for Diminution in value of shares:

Investments in shares are carried at cost of acquisition. However, the carrying amount is reduced to recognize a decline in the value of these investments due to a sharp downfall in the markets by a charge to the profit and loss account.

4. Directors have waived the sitting fees for meetings attended by them during the year.

5. Certain Receivables, Creditors, Loans and Advances received and given are subject to confirmation, reconciliation if any.

6. During the year the Company had sought the approval of the shareholders for inserting the gift clause in the Memorandum and Articles of Association of the Company. Necessary resolution was approved through postal ballot by the shareholders of the Company with majority at the Extra-ordinary General Meeting.

7. Earnings per share: The calculation of the basic and diluted earnings per share is based on the following data:

8. Companies in the group have entered into transactions with the following related parties as identified by the management and relied upon by the Auditors:

a) List of Related Parties:

i) Holding Companies

ii) Associate Companies

iii) Enterprise over which key management personnel and their relatives have significant influence:

Agrinet Solutions Limited

Bloom Packaging Private Limited

United Phosphorus Limited

Key Management Personnel and their Relatives

Mr. Rajnikant D. Shroff

Mrs. Sandra R. Shroff

Mr. Jaidev R. Shroff

Mr. Vikrant R. Shroff

Mr. Vikram R. Shroff

Mrs. Shilpa Sagar

9. Previous years figures have been re-grouped, re-classified and re-cast wherever necessary to conform to current years classification.

10. Information pursuant to Paragraph 4(c) of Para II of Schedule VI of the Companies Act, 1956 is not applicable to the Company. Further, there is no such information during the year which was required to be informed pursuant to Paragraph 4(d) of Part II of Schedule VI of the Companies Act, 1956.