Shivamshree Businesses Ltd. ಖಾತೆಯ ಉಪಯುಕ್ತ ಮಾಹಿತಿ

Mar 31, 2025

ix Provisions, contingent liablity and contingent Assets

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, 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. When the Company expects some or all of a provision to be reimbursed, for example, under an insurance contract, the
reimbursement is recognised as a separate asset, but only when the reimbursement is virtually certain. The expense relating to a provision is
presented in the statement of profit and loss net of any reimbursement.

x Earning per share

Basic Earning per share is calculated by dividing the Net Profit after tax for the period attributable to equity shareholders by the weighted average
number of equity shares outstanding during the period.

i Taxes

Deferred tax assets are recognised for unused tax credits to the extent that it is probable that taxable profit will be available against which the
losses can be utilised. Significant management judgement is required to determine the amount of deferred tax assets that can be recognised,
based upon the likely timing and the level of future taxable profits together with future tax planning strategies.

ii Property, Plant and Equipment

The management has properly recognised, accounted, disclosed and presented all PPE during the accounting period and the Depreciation has
been calculated as per WDV method.

iii Allowance for doubtful trade receivables

Trade receivables do not carry any interest and are stated at their nominal value as reduced by appropriate allowances for estimated irrecoverable
amounts.

Estimated irrecoverable amounts are derived based on a provision matrix which takes into account various factors such as customer specific risks,
geographical region, product type, currency fluctuation risk, repatriation policy of the country, country specific economic risks, customer rating,
and type of customer, etc.

( b ) Terms / rights attached to equity shares

In respect of Ordinary shares, voting rights shall be in the same proportion as the capital paid upon such ordinary share bears to the total paid up
ordinary capital of the company.

The Dividend proposed by the board of Directors, if any, is subject to the approval of the shareholders in the ensuing Annual General Meeting ,
except in case of interim dividend.

In the event of liquidation,the shareholders of Ordinary shares are eligible to receive the remaining assets of the Company after distribution of all
preferential amounts, in proportion proportion to their shareholdings.

( c ) In the period of five years immediately preceding March 2025:

The company has not alloted any equity shares as fully paid up without payment being recevied in cash or as bonus shares or bought back any equity
shares

Nature and purpose of reserves:

(1) Securities Premium : In cases where the company issues shares at a premium, whether for cash or otherwise, a sum
equal to the aggregate amount of the premium received on those shares has been transferred to “Securities Premium”. The
Company may issue fully paid-up bonus shares to its members out of the securities premium and to buy-back of shares.

(2) Capital redemption reserve : Capital redemption reserve represents the amount transferred on account of redemption
of preference shares.

(3) Retained Earnings : Surplus in statement of Retained Earnings are the profits / (losses) that the company has earned /
incurred till date, less any transfers to general reserve, dividends or other distributions paid to shareholders. Retained
earnings include re-measurement loss / (gain) on defined benefit plans, net of taxes that will not be reclassified to the
statement of profit and loss. Retained earnings is a free reserve available to the company and eligible for distribution to
shareholders, in case where it is having positive balance representing net earnings till date.

20 Earnings per share (EPS)

Basic EPS amounts are calculated by dividing the profit for the year attributable to equity shareholders of the Company by the weighted average
number of equity shares outstanding during the year.

Diluted EPS amounts are calculated by dividing the profit attributable to equity holders of the Company by the weighted average number of
Equity shares outstanding during the year plus the weighted average number of Equity shares that would be issued on conversion of all the
dilutive potential Equity shares into Equity shares.

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Mar 31, 2024

viii Provisions, contingent liablity and contingent Assets

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, 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. When the Company expects some or all of a provision to be reimbursed, for example, under
an insurance contract, the reimbursement is recognised as a separate asset, but only when the reimbursement is virtually certain.
The expense relating to a provision is presented in the statement of profit and loss net of any reimbursement.

If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when
appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is
recognised as a finance cost.

Contingent liability is disclosed in case of:

a) a presnt obligation arising from past events, whne it is not probable that an outflow of resources will be require to settle the
obligation ; and

b) a present obligation arising from past events, when no reliable estimate is possible,

Contingent assets are disclosed whn an inflow of economic benefits is probable.

ix Earning per share

Basic Earning per share is calculated by dividing the Net Profit after tax for the period attributable to equity shareholders by the
weighted average number of equity shares outstanding during the period.

Diluted EPS is computed by dividing the profit after tax, as adjusted for dividend, interest and other charges to expenses or income
relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for deriving basis EPS
and the weighted average number of equity shares which could have been issued on the conversion of all dilutive potential equity
shares.

For M A A K & Associates For and on Behalf of the Board of Directors of

Chartered Accountants Shivamshree Businesses Limited

FRN:135024W

SD/- SD/- SD/- SD/-

Kenan Satyawadi Ghanshyambhai Gajera Prafulbhai Bavishiya Shaileshbhai Bavishiya

Partner CFO Director Director

Membership No. 139533 PAN No. AJPPP5551K DIN No. :- 01908180 DIN No. :- 01908191

UDIN: 24139533BKECUQ6819

Date: 20/05/2024 Date: 20/05/2024

Place: Ahmedabad Place: Ahmedabad

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Mar 31, 2015

1. The company continues to carry on its operation and expects to continue the same and hence the accounts have been prepared "on going concern basis" despite substantial losses.

2. In the opinion of Board:

The Current Asset, Loans & Advances have value on realisation in the ordinary course of business of the Company at least equal to the amounts at which they are stated in the Balance Sheet.

3. Previous Year's figures have been regrouped, reclassified, wherever necessary.

4. There were no provision made for interest on short term loans & Advances.

5. Related Party Disclosures: (AS 18)

There was no related Party Transaction during the Year under the Review.

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Mar 31, 2014

A. Related Party Disclosures

Key Management Personnel i) Mr. Sudharshan Jha ii) Mr. Ratan Singh

B. Earnings Per Share

Earnings per Share (EPS) are calculated by dividing the Net Profit or Loss for the period attributable to equity shareholders 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 is divided by the Weighted Average Number of shares outstanding during the period after adjusting for the effects of all dilutive potential equity shares.

C. Realizable Value of Current Assets

In the opinion of the management, the value on realization of current assets, loans & advances in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet and provisions for all known liabilities has been made.

D. Previous Year Information

Previous year figures have been redrawn to confirm to the current year''s classification as per the notification of Revised Schedule VI under the Companies Act, 1956 for the financial year commencing on or after 1st April 2013.

1. Notes to the Financial Statements

1.1 The company continues to carry on its operation and expects to continue the same and hence the accounts have been prepared on "going concern basis" despite substantial losses.

1.2 In the opinion of Board: The Current Asset, Loans & Advances have value on realisation in the ordinary course of business of the Company at least equal to the amounts at which they are stated in the Balance Sheet.

1.3 Previous Year''s figures have been regrouped, reclassified, wherever necessary.

1.4 There were no provision made for interest on short term loans & Advances.

1.5 Related Party Disclosures (AS-18) List of Related parties where control exists or with whom transactions have taken place in ordinary course of Businesses

Nature of Relationship Name of the Parties

1 Individuals owning directly or Swarnlata Jalan indirectly interest in voting power that given them control.

2 Key Management Personal and Relatives Rakesh Vashist Avnish Kumar Srivastava

3 Enterprises over which key Foremost Industries (2) and (3) are able to (I) Limited Daffodil exercise significant influence with Businesses Limited whom transactions have

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Mar 31, 2013

1.1 The company continues to carry on its operation and expects to continue the same and hence the accounts have been prepared “on going concern basis” despite substantial losses.

1.2 In the opinion of Board: The Current Asset,Loans & Advances have value on realisation in the ordinary course of business of the Company at least equal to the amounts at which they are stated in the Balance Sheet.

1.3 Previous Year''s figures have been regrouped,reclassified,wherever necessary.

1.4 The accumulated losses exceed Issued Capital and Reserve & Surplus. The Company does not have any manufacturing unit. The management is of the opinion that section 3 of the Sick Industrial Companies (Special Provisions) Act, 1985 is not applicable to the Company.

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Mar 31, 2012

1.1 The company continues to carry on its operation and expects to continue the same and hence the accounts have been prepared “on going concern basis” despite substantial losses.

1.2 In the opinion of Board: The Current Asset,Loans & Advances have value on realisation in the ordinary course of business of the Company at least equal to the amounts at which they are stated in the Balance Sheet.

1.3 Previous Year’s figures have been regrouped,reclassified,wherever necessary.

1.4 The accumulated losses exceed Issued Capital and Reserve & Surplus. The Company does not have any manufacturing unit. The management is of the opinion that section 3 of the Sick Industrial Companies (Special Provisions) Act, 1985 is not applicable to the Company.

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Mar 31, 2011

1 No provision has been made :

i) For loss which may arise due to fall in the value of unquoted investments.

ii) For interest payable on unsecured loans for the year.

2 Related Party Disclosures: (AS - 18)

List of related parties where control exists or with whom transactions have taken place in ordinary course of business during the year are given hereunder.

Nature of Relationship Name of the Parties

1) Individuals owning directly Foremost Industries I Limited or Indirectly

2) Key Management Personal and Rakesh Vashist Relatives

3) Enterprises over which key Foremost Industries (I) Limited (2) and (3) are