The company extends the benefit of leave encashment to its employees while in service 1 eave encashment benefiis are accountec for on the oasis ol actual valuation as at V^V end
l lefmerl jnt:~ nur on P an
. cnv LuLior1: to Defined Contribution Plan i e contribution to fftqij/ident Fpnd amour liny to ^22 (Previous year has been recoomzed as expenses in the yea;' and charged to revenue account These conm'butions are made to the fund administered anc managed ::‘y Regional praVidSnt Fund Commission'!-'s.
2.23 Segment Inlormalion
I lie busmess segments have been Identifier on the basis t>f toe produ ds manufact r eci by the Company r.e. Fertilisers $ Sulphuric Acid Mainly Sulphuric Ac d is caotively used lor production af S5P The company is managed organisationally as one u jfied entity he iice the re a re n o s ep a rate g eog ra ph i ca i s eg m ent s. ,
2.24 Deferred Tax AccuLinLiny Ý
Carrying amouni of deferred tax assets and dele: ed tax llabl lie* as g vfn in |n I AS 12 has been reviewed as on 31'"1' March 2024 Deterred -ax assets and ;iabi itles are measured at the present preyai ing tax rate Net dammed tax Italdfl ty for the year 1 has been recognized in the Protit ano Loss Account tor the year
2 25 Management has evaluated value in use oi its fixed assets, current assets and current liabilities Based oh the past history and tracK records of the company has assessed the risk of default by the customer and exacts tns crecii loss to l>? insignificant. On evaluation, management is of the opinion that there ;s Ý impairment of the Company’s assets as on 31 *r March 2024 and hence no provision is required
KeJated parties artr Idenliriec by the n.ansgemerl The fefjfrun'aration of Mr lJrir-.n' deei Smgvi as staled above is excluding gratuity funded through, LIC foi wtfijfcu ;uu.- button tt= not separately identified
2.33-F nancial risk management objectives and policies
The Company's principal financial liabilities comprise trade and other payables. T :e main purpose of these financial liabilities is to finance the Company's qperatic-ris Th ? Company's principal financial assets induce loans trade and other receivables, arfil cash and cash equivalents lhal derive directly from its operations.
Toe Crmpany's activities expose it to a variety of financial risks: market ri.Sn cred I i sk and liquidity risk. The Company's focus fss to foresee the mpredimabi .ty of fids petal markets and seek ic rhfnlmrze potential adverse effects on its financial performance
Market risk is primarily in the farm ol exchange rate fluctuation The company is rot using fon/i/a-d conn arts to mitigate foreign exchange refated risk exposure-. For some vears there is very little fluctuation in foreign exchange rates.
Cred i risk is the risk that a customs- allowed a credit facility majjt tiai tic .01 s Contract !o- timely payment which may lead to financia loss to vie Company Customer men I risk s managed by market-ng department through the Company's established policy procedures and control relm ng to customer credil risk, management. Credit quality of each ci stomer s assessed and credit limits aie defined in accordance with this assessment. Outstanding customer receivables and seounty deposits are Ýcgularly monitored.
The Company s principal source of liquidity is caro and cash equivalents and the cati flow that is generated from ooerations. l-;e Company has no outstanding Term Loans The Company's present production and operation level Is 50% T here is no liquidity ns-
2,34 Additional disclosures as required uncier schedule 111 of the Com pa miss Act 20 13
' Title deeds of atl Immovable properties are hold In name of the Com irony or at 31s1 Ma roll 2024
2. The company does not nold any Investment Property in iis books p!
accounts, sc fair valuation of investment property j£ riot applicable
3. The company has not revalued any uf .ts Property. Plant & Equipihen ' 1 -
current year & last year
4 Tne company lias not revalued any of rts intangible assets in the curidi year & last year
b Toe Company has noL grantee any iDans or advances to promoters directors KMP's and the 'elated parties that are repayable ori demm-- m without specifying any terms or period of repayment E. DisdoSU-es related to Captal 'i/'v'nrk-m-Progress
7. Company is net having any transaction with the Companies struck off under I he section 24S of i he Companies Act 20 I 3 or Section S&S of the Companies Act 1-95S
? There are no charges or satisfaction which are lo be registered with ROC beyond statutory period
9 There is nn material difference n the quarterly returns and statement of
curram a&sets, fiied by the Company wilh bankers with regard to woihny capital .mits
10 The Company has no: provided nor taken any loan or advance to^frorr, any other person or entity with trie understanding that benefit of the uansaiv nn wifi go tc a third party, iha ultimate benef.ciary
11 Ratios as required under ached, la til of Companies Am
2.3u i he Company has prepared financial staiements which comply with Im.l AS £p'.'plicated .or period tending 31 March, 2024. Figures in the financial statements nave beer rounded off to the nearest in lakh
|