Amir Chand Jagdish Kumar (Exports) Ltd. ಖಾತೆಯ ಉಪಯುಕ್ತ ಮಾಹಿತಿ

Mar 31, 2025

11.2) Rights, Preferences and Restrictions Attached to Equity Shares of Rs.10:

The Company has only one class of equity shares having par value of INR 10 per share. Each shareholder is entitled to one vote per share held. The Company declares and pays dividends in Indian rupees. The dividend proposed by the board of directors is subject to the approval of the shareholders in the ensuing annual general meeting. 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.

11.4)    For the period of five years immediately preceding the date at which the Balance Sheet is prepared, the company has not:-

a)    allotted any shares as fully paid up pursuant to contract without payment being received in cash;

b)    bought back any class of shares

11.5)    The company has issued 7,63,26,012 Bonus shares in the ratio 14 Equity shares for each 1 equity shares held by them on the record date August 27th, 2024. The company has utilised the free reserves available with the company as on the record date.no revaluation reserves have been utilised

Nature <& Purpose of Reserves:

Retained Earnings - Retained earnings represent the profit a company has saved over time and therefore the portion that can be used to reinvest in the business (in new equipment, R&D, or marketing, among others) or distributed to shareholders.

General Reserve -General Reserve is to strengthen the financial position of the company and there are no specific purpose defined for this reserve and thus can be used for many reasons.

Securities Premium - Securities premium is the gain made by the organisation on issuing of share of a certain face value for a price higher than the said face value and can be used for purpose defined under Section 52 of the Companies Act, 2013.

1.    UNION BANK OF INDIA -, Solar Project

Solar Project term loan Repayble in 7 monthly installments with 10.15% rate of interest (P.Y. ), however the loan was fully paid on dated 31.10.2024

2.    Union Bank Of India - Car loans

I    Honda Civic Repayble in 17 (P.Y. 29 ) monthly installments with 8.85% rate of interest ( However, the loan fully paid as on date of signing of Balance Sheet)

II    MG Hector Repayble in 30 (P.Y. 42 ) monthly installments with 8.35% rate of interest

III    Mahindra XUV700 Repayble in 30 (P.Y. 42) monthly installments with 8.35% rate of interest

Security

Secured by Hypothecation of Vehicle Guarantee

Shri Jaedish Kumar Suri

3.    UCO Bank - Car loan

Repayble in 22 (P.Y. 34 ) monthly installments with 8.15% rate of interest Security

Secured by Hypothecation of Vehicle No Guarantee provided

4.    Axis Bank - Car loan

Repayble in 43 (P.Y. 55 ) monthly installments with 8.75% rate of interest Security

Secured by Hypothecation of Vehicle

Working Capital facilities & Non-fund Based facilities financed under Consortium Banking lead bv Bank of India with other member banks are Union Bank of India and Indian Bank

Prinicipal Security Working Capital facilities

i)    First par passu on Stocks & Book Debts.

ii)    First pari passu charge on export receivables not of negotiation/purchase.

Non-fund Based facilities

i)    Pledge of TDR- Margin (15%) for BG/ LC facilities.

ii)    Pledge of TDR - Margin (25%) fort LCs for Capital Goods

Collateral Security For WCFB & NFB limit

1) First pari passu charge by way of EQM of land owned by Mr. Jagdish Kumar Suri at Safidon, Haryana,

2) First pari passu charge by way of EQM of Freehold residential plot no. 659, Block A, Sushant Lok, Phase I, Gurgaon, Haryana in the name of the company

3)    First pari-passu charge by way of pledge of TDR of Rs. 103.20 millons (principle value) and interest accured thereon.

4)    First pari passu charge by way of hypothecation (residual value) of company's moveable fixed assets.

5)    First pari passu charge on the industrial land & building and Plant & Machinery situated at Ajnala Road, Village Mehlanwala and Village Dalam, District Amritsar, Punjab

6)    First pari passu charge on entire fixed assets including Land and Building, plant and machinery at Village Mehlanwala and Village Dalam, District Amritsar, Punjab

7. First pari passu charge on Vacant Land admeasuring 450 Sq Mtrs located at A- 652, Sushant Lok, Phase-1, Gurgaon, Haryana in the name of Mr Jagdish Kumar Suri and Mr Rahul Suri.

Personal Guarantee

(1)    Shri Jagdish Kumar Suri

(2)    Shri Rahul Suri S/o Mr. Jagdish Kumar Suri

(3)    Smt Ramnika Suri W/0 Mr. Jagdish Kumar Suri

The financial instruments are categorised into three levels based on the inputs used to arrive at fair value measurements as described below:

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities;

Level 2: Inputs other than the quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and Level 3: Inputs based on unobservable market data.

Valuation Methodology

All financial instruments are initially recognised and subsequently re-measured at fair value as described below:

a)    The fair value of the quoted equity instruments is determined using market price listed on stock exchange.

b)    the fair value of the remaining financial instruments is determined using discounted cash flow analysis and the ditcount rates used were adjusted for counterparty or own credit risk.

B. Financial Risk Management

The company’s activities expose it to variety of financial risks: market risk, credit risk, interest rate risk and liquidity risk. The Company’s principal financial liabilities, other than derivatives, comprise borrowings, trade and other payables. The main purpose of these financial liabilities is to finance the Company’s operations. The Company’s principal financial assets include trade and other receivables, and cash and cash equivalents thal derive directly from its operations. Company’s senior management oversees the management of these risks. It is Company’s policy that no trading in derivatives for speculative purposes may be undertaken. The Board of Directors review and agree policies for managing each of these risks, which are summarised below.

il Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: interest rate risk, currency risk and other price risk, such as equity price risk and commodity risk

a)    Currency Risk

Foreign currency risk is the risk that the Fair Value or Future Cash Flows of an exposure will fluctuate because of changes ir. foreign currency rates. Exposures can arise on account of the various assets and liabilities which are denominated in currencies other than Indian Rupee

The Company does not face any Foreign currency risk as it executes a forward contract and a forward contract acts as a shield 3gainst foreign currency risk for the company. It guarantees a specific exchange rate for a future transaction, eliminating the uncertainty caused by volatile currency markets.

b)    Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Company have exposure to the risk of changes in market interest rates as Company’s debt obligations is at floting interest rates. Interest Rate Sensitivity on Interest

Amounts is as follows    /^k\

c) Other Price Risk

The Group is not an active investor in equity markets; it holds certain investments in Mutual Fund which are recognised to be liquidated in short term and are accordingly measured at fair value through Other Comprehensive Income.

iii)    Credit Risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations. The Company is exposed to credit risk from its operating activites (primarily trade receivables) and from its financing / investing activities, including deposits with banks and mutual fund investments. The Company has no significant concentration of credit risk with any counterparty.

The carrying amount of following financial assets represents the maximum credit exposure:

(1)    Trade receivables

The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also considers the factors that may influence the credit risk of its customer base, including the default risk of the industry and country in which customers operate. The Company has a credit evaluation policy for each customer and based on the evaluation, credit limit of each customer is defined. The Risk Management Committee has established a credit policy under which each new customer is analysed individually for creditworthiness before the Company’s standard payment and delivery terms and conditions are offered. The Company’s review includes external ratings, if they are available, and in some cases bank references. Sale limits are established for each customer and reviewed quarterly. Any sales exceeding those limits require approval from the Risk Management Committee.

Goods are sold subject to retention of title clauses, so that in the event of non-payment the Company may have a secured claim. The Company does not otherwise require collateral in respect of trade and other receivables

(2)    Cash and Cash equivalents, bank balances and other financial assets

The Company maintains exposure in cash and cash equivalents and deposits with banks. Cash and cash equivalents and bank deposits are held with high rated banks/financial institutions and short term in nature, therefore credit risk is perceived to be low

iv)    Liquidity Risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation. The majority of the Company’s trade receivables are due for maturity within 60 days from the date of billing to the customer. Further, the general credit terms for trade payables are approximately 37 days. The difference between the above mentioned credit period provides surplus working credit requirements.

B) Capital management 1. Risk management

The Company’s objectives when managing capital are to

- safeguard their ability to continue as a going concern, so that they can continue to provide returns for shareholders and benefits for other stakeholders, and

The sensitivity analysis have been determined based on reasonably possible changes of the respective assumptions occurring at the end of the reporting period, while holding all other assumptions constant.

The sensitivity analysis presented above may not be representative of the actual change in the defined benefit obligation as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated. Furthermore, in presenting the above sensitivity analysis, the present value of the defined benefit obligation has been calculated using the projected unit credit method at the end of the reporting period, which is the same method as applied in calculating the defined benefit obligation as recognised in the balance sheet.

There is no change in the methods and assumptions used in preparing the sensitivity analysis from previous year.    ¦"

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Note: The impact of the above has been given in current financial year and Exception items for all the previous financial years/-[    (O'

Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity or a present obligation that arises from past events but is not recognized because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation or the amount of the obligation cannot be measured with sufficient reliability.

(?) in Millions
Particulars	As at March 31, 2025	As at March 31, 2024
Contingent Liabilities:	Â	Â
Bill discounted from Banks	1,077.25 '	700.76
Claims against the company not acknowledged as debt; (Vat Demand Dispute where appeal is pending before Sales Tax Department (Punjab) & High Court of Punjab & Haryana)	144.72	144.72
Claims against the company not acknowledged as debt; (Gst Demand Dispute where appeal is pending before Central Goods & Service Tax (Appeals) Commissionerate, Ludhiana (Punjab)	0.37	0.37
Notice of Demand under section 156 of Income Tax Act, 1961 dated March 24, 2025 for Assessment Year 2023-24 Appeal has been filed via the National Faceless Appeal Center	278.83	-
Commitments :	Â	Â
Estimated amount of contracts remaining to be executed on capital contracts and not provided for (Capital W-I-P - Refer Note 2B)	o-^l -	o-Sl -

Subsequent to the balance sheet date, the Company has received an income tax demand order dated March 24, 2025, amounting to ? 278.83 millions for the Assessment Year 2023-24. The demand has been contested and an appeal dated April 3, 2025 has been filed before the Joint Commissioner (Appeals) or the Commissioner of Income-tax (Appeals).

Note 42: Segment Reporting

The group is mainly engaged in the business of exporting rice & activities connected and incidental thereto. On that basis, the Company has only one reportable business segment - Rice trading, the results of which are embodied in the financial statements.

Segment Reporting	Â	(?) in Millions
Particulars	As at March 31, 2025	As at March 31, 2024
Rice	16,759.72	13,104.32
FMCG & Others*	185.40	145.03
Other operating revenue**	180.27	197.40
Total	17,125.40	13,446.74

* FMCG & Others comprises atta maida sooji,salt, sugar,besan, by products , paddy, and packing material.

** Other operating revenue comprise Insurance/ Shipping Cost on Rice Sale, exports incentive , commission income , job work receipts , custom duty on exports sales

Note 43: Relationships with Struck off companies

During the reported period, the group had no transactions with struck off companies.

Note 44: Recent Accounting Pronouncements

There are no standards of accounting or any addendum thereto, prescribed by Ministry of Corporate Affairs under section 133 of the Companies Act, 2013, which are issued and not effective for any of the reported period.

Note 45: Borrowing against current assets

Note 46: Books reconciliation with Statement sumbited to bank

The quarterly returns or statements of current assets filed by the Company with banks or financial institutions are in agreement with Note 47 : Other Statutory Information

1 . The Company and its Subsidiaries does not have any Benami property, where any proceeding has been initiated or pending against the Company and its Subsidiaries for holding any Benami property

2.    The Company and its Subsidiaries has not traded or invested in Crypto Currency or Virtual Currency during the financial year/period.

3.    The Company and its Subsidiaries does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

4.    The Company and its Subsidiaries 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 period/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, 1961).

5.    The Company has not been declared a willful defaulter by any bank or other lender (as defined under the Companies Act, 2013), in accordance with the guidelines on willful defaulters

6.    The Company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken

7.    The Company is in compliance with the number of layers prescribed under Clause (87) of Section 2 of the Companies Act read with the Companies (Restriction on number of Layers) Rules, 2017.

To the best of our knowledge and belief, The Company and its Subsidiaries 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 or entity, including foreign entities (Intermediaries) with an understanding that the Intermediary shall directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company and its Subsidiaries or provide any guarantee, security or the like to or on behalf of the Company and its Subsidiaries. To the best of our knowledge and belief, The Company and its Subsidiaries has not received any fund from any person or entity, including foreign entities (Funding Party) with the understanding that the Company and its Subsidiaries shall 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 any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

The accompanying notes form an integral part of these standalone financials statements.