Accounting Policies of 3B BlackBio Dx Ltd. Company

Mar 31, 2025

3. Summary of Significant Accounting Policies

(a) Property, plant and equipment

Property, plant and equipment are stated at cost, net of recoverable taxes, trade discount and rebates less
accumulated depreciation and impairment loss. Costs directly attributable to acquisition are capitalized until
the property, plant and equipment are ready for use, as intended by the Management. The Company
depreciates property, plant and equipment over their estimated useful lives using the straight-line method.
The estimated useful lives of assets are as follows:
⁽¹⁾ Based on technical evaluation, the Management believes that the useful lives as given above best represent
the period over which the Management expects to use these assets. Hence, the useful lives for these assets
is different from the useful lives as prescribed under Part C of Schedule II of the Companies Act, 2013.

(b) Intangible Assets

Intangible Assets are stated at cost of acquisition net of recoverable taxes less accumulated amortization and
impairment loss, if any. Intangible assets comprising of Technology fees amortized over the period of 6 years.

(c) Inventories

Inventories are valued at Cost.

(d) Impairment of non-financial Assets-

Impairment is reviewed and recognized in the event changes and circumstances indicate that the carrying
amount of any property, plant and equipment and intangible assets or group of assets, called cash generating
units (CGU) is not recoverable. Difference between the carrying amounts and recoverable value shall be
recognized as an impairment loss in the Statement of Profit & Loss.

(e) Employee Benefits

Short Term Employee Benefits

The undiscounted amount of short term employee benefits expected to be paid in exchange for the services
rendered by employees are recognized as an expense during the period when employees render the services.
Post-Employment Benefits

As per information provided to us few employees completed the specified period of service hence provision
is made for gratuity.

(f) Tax Expenses

Tax Expenses comprises 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 and tax laws
prevailing in respective tax jurisdiction where the company operates. The tax rates and tax laws used to
compute the amount are those that are enacted or substantively enacted at the reporting date.

Tax is recognized in the Statement of Profit and Loss, except to the extent that it relates to items recognized
in the comprehensive income or in equity. In which case, the tax is also recognized in other comprehensive
income or equity.

(g) Foreign Currencies T ransactions

Transactions in foreign currencies are recorded at the exchange rate prevailing on the date of transaction.

(h) Revenue recognition

Revenue is recognized on completion of Sales of goods or rendering services. Sale is exclusive of GST and
packing and forwarding charges collected from customers.

(i) Financial instruments
Accounting policy

Initial recognition:

The Company recognizes financial assets and financial liabilities when it becomes a party to the contractual
provisions of the instrument. All financial assets and liabilities are recognized at fair value on initial
recognition, except for trade receivables which are initially measured at transaction price. Transaction costs
that are directly attributable to the acquisition or issue of financial assets and financial liabilities, which are
not at fair value through profit or loss, are added to the fair value on initial recognition. Regular way purchase
and sale of financial assets are accounted for at trade date.

Subsequent measurement:
a. Non-derivative financial instruments

(i) Financial assets carried at amortized cost: A financial asset is subsequently measured at amortized cost if
it is held within a business model whose objective is to hold the asset in order to collect contractual cash
flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely
payments of principal and interest on the principal amount outstanding

(ii) Financial assets at fair value through other comprehensive income: A financial asset is subsequently
measured at fair value through other comprehensive income if it is held within a business model whose
objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual
terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal
and interest on the principal amount outstanding. The Company has made an irrevocable election for its
investments which are classified as equity instruments to present the subsequent changes in fair value in
other comprehensive income based on its business model.

(iii) Financial assets at fair value through profit or loss: A financial asset which is not classified in any of the
above categories is subsequently fair valued through profit or loss.

(iv)Financial liabilities: Financial liabilities are subsequently carried at amortized cost using the effective
interest method, except for contingent consideration recognized in a business combination which is
subsequently measured at fair value through profit or loss. For trade and other payables maturing within one
year from the Balance Sheet date, the carrying amounts approximate fair value due to the short maturity of
these instruments.

Derecognition of financial instruments:

The Company derecognizes a financial asset when the contractual rights to the cash flows from the financial
asset expire or it transfers the financial asset and the transfer qualifies for derecognition under Ind AS 109.
A financial liability (or a part of a financial liability) is derecognized from the Company''s Balance Sheet when
the obligation specified in the contract is discharged or cancelled or expires.

Fair value of financial instruments:

In determining the fair value of its financial instruments, the Company uses a variety of methods and
assumptions that are based on market conditions and risks existing at each reporting date. The methods used
to determine fair value include discounted cash flow analysis, available quoted market prices and dealer
quotes. All methods of assessing fair value result in general approximation of value, and such value may never
actually be realized.

(j) Depreciation

Depreciation on property, plant and equipment is provided using straight line method based on useful life of
the assets prescribed in Schedule II to the Companies Act, 2013. The residual values, useful lives and methods
of depreciation of property, plant and equipment are reviewed at each financial year end and adjusted
prospectively.

---

Mar 31, 2024

3. Summary of Significant Accounting Policies

(a) Property, plant and equipment

Property, plant and equipment are stated at cost, net of recoverable taxes, trade discount and rebates less accumulated depreciation and impairment loss. Costs directly attributable to acquisition are capitalized until the property, plant and equipment are ready for use, as intended by the Management. The Company depreciates property, plant and equipment over their estimated useful lives using the straight-line method. The estimated useful lives of assets are as follows: ⁽¹⁾Based on technical evaluation, the Management believes that the useful lives as given above best represent the period over which the Management expects to use these assets. Hence, the useful lives for these assets is different from the useful lives as prescribed under Part C of Schedule II of the Companies Act, 2013.

(b) Intangible Assets

Intangible Assets are stated at cost of acquisition net of recoverable taxes less accumulated amortization and impairment loss, if any. Intangible assets comprising of Technology fees amortized over the period of six (6) years.

(c) Inventories

Inventories are valued at Cost.

(d) Impairment of non-financial Assets-

Impairment is reviewed and recognized in the event changes and circumstances indicate that the carrying amount of any property, plant and equipment and intangible assets or group of assets, called cash generating units (CGU) is not recoverable. Difference between the carrying amounts and recoverable value shall be recognized as an impairment loss in the Statement of Profit & Loss.

(e) Employee Benefits

Short Term Employee Benefits

The undiscounted amount of short term employee benefits expected to be paid in exchange for the services rendered by employees are recognized as an expense during the period when employees render the services. Post-Employment Benefits

As per information provided to us few employees completed the specified period of service hence provision is made for gratuity.

(f) Tax Expenses

Tax Expenses comprises 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 and tax laws prevailing in respective tax jurisdiction where the company operates. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the reporting date.

Tax is recognized in the Statement of Profit and Loss, except to the extent that it relates to items recognized in the comprehensive income or in equity. In which case, the tax is also recognized in other comprehensive income or equity.

(g) Foreign Currencies Transactions

Transactions in foreign currencies are recorded at the exchange rate prevailing on the date of transaction.

(h) Revenue recognition

Revenue is recognized on completion of Sales of goods or rendering services. Sale is exclusive of GST and packing and forwarding charges collected from customers.

(i) Financial instruments Accounting policy

Initial recognition:

The Company recognizes financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are recognized at fair value on initial recognition, except for trade receivables which are initially measured at transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, which are not at fair value through profit or loss, are added to the fair value on initial recognition. Regular way purchase and sale of financial assets are accounted for at trade date.

Subsequent measurement:

a. Non-derivative financial instruments

(i) Financial assets carried at amortized cost: A financial asset is subsequently measured at amortized cost if it is held within a business model whose objective is to hold the asset in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding

(ii) Financial assets at fair value through other comprehensive income: A financial asset is subsequently measured at fair value through other comprehensive income if it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The Company has made an irrevocable election for its investments which are classified as equity instruments to present the subsequent changes in fair value in other comprehensive income based on its business model.

(iii) Financial assets at fair value through profit or loss: A financial asset which is not classified in any of the above categories is subsequently fair valued through profit or loss.

(iv) Financial liabilities: Financial liabilities are subsequently carried at amortized cost using the effective interest method, except for contingent consideration recognized in a business combination which is subsequently measured at fair value through profit or loss. For trade and other payables maturing within one year from the Balance Sheet date, the carrying amounts approximate fair value due to the short maturity of these instruments.

De-recognition of financial instruments:

The Company derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the financial asset and the transfer qualifies for de-recognition under Ind AS 109. A financial liability (or a part of a financial liability) is derecognized from the Company''s Balance Sheet when the obligation specified in the contract is discharged or cancelled or expires.

Fair value of financial instruments:

In determining the fair value of its financial instruments, the Company uses a variety of methods and assumptions that are based on market conditions and risks existing at each reporting date. The methods used to determine fair value include discounted cash flow analysis, available quoted market prices and dealer quotes. All methods of assessing fair value result in general approximation of value, and such value may never actually be realized.

(j) Depreciation

Depreciation on property, plant and equipment is provided using straight line method based on useful life of the assets prescribed in Schedule II to the Companies Act, 2013. The residual values, useful lives and methods of depreciation of property, plant and equipment are reviewed at each financial year end and adjusted prospectively.

B. NOTES TO ACCOUNTS:

1. Previous year figures have been recast and regrouped wherever necessary.

2. In the opinion of the Board, the Current Assets, Loans and Advances are approximately of the value stated if realized in the ordinary course of business. The provisions of all known liabilities is adequate and not in excess of the amount reasonably necessary.

3. The provision for Income Tax has been made as per the provisions of the Income Tax Act,1961

4. Amount held in margin accounts with State Bank of India, Panchanan Bhawan Branch, Bhopal & with State Bank of India SME Branch Bhopal is ^5,26,758 (Previous year ^16,85,889).

---

Mar 31, 2018

A. SIGNIFICANT ACCOUNTING POLICIES :

1. General

1. Basis of Accounting :

The financial statements are prepared on a going concern basis under the historical cost convention on the accrual basis of accounting, in accordance with the Indian Generally Accepted Accounting Principles (GAAP) and comply with The Accounting Standards specified under section 133 of The Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules. 2014 to the extent applicable, as adopted consistently by the company.

2. Revenue Recognition :

Sales comprise sale of goods inclusive of Excise Duly and VAT/Central Sales Tax and are net of altowances for discounts, rate differences and leakages.

“Goods and Services Tax” (GST) has been introduced w.e.f. 1st July 2017. Consequently excise duty. Value Added Tax (VAT), Central Sales Tax (CST), Entry Tax, Service Tax etc have been replaced with GST.

3. Fixed Assets:

In order to relate them more closely to current replacement values, all the fixed assets acquire up to 31st March, 1993 were revalue as on that date and are accordingly carried at revalue figures Fixed assets acquired after 31st March, 1993 are slated at cost inclusive ol freight, taxes and incidental expenses related thereto.

4. Depreciation:

i) Depreciation has been calculated on straight line method al the rates provided in Schedule II to the Companies Act, 2013.

ii) Depreciation on additions during the year has been provided for full year.

5. Inventories

I) Finished products produced by the Company are carried al tower cost or market value.

ii) Raw materials, Packing Materials and Stores and Spare Paris are carried at cost

iii) Cost is arrived al mainly on a First in first out basis and is inclusive of freight and expenses incurred.

6. Investments

Investments classified as Tong Term Investments are stated at cost.

7. Contingent Liabilities

Contingent liabilities are not provided for and are disclosed by way of notes.

8. Employees’ Retirement Benefits.

I) Company’s contributions to Provident Fund are charged to Profit & loss Account,

ii) Gratuity is accounted for as and when the same is paid.

9. Deferred Tax is accounted for by computing the tax effect of timing difference which arise during the year and reverse subsequent periods.

---

Mar 31, 2015

1. General

1. Basis of Accounting:

The financial statements are prepared on a going concern basis under the historical cost convention on the accrual basis of accounting, in accordance with the Indian Generally Accepted Accounting Principles (GAAP) and comply with the Accounting Standards specified under section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014 to the extent applicable, as adopted consistently by the company.

2. Revenue Recognition :

Sales comprise sale of goods inclusive of Excise Duty and VAT/Central Sales Tax and are net of allowances for discounts, rate differences and leakages.

3. Fixed Assets:

In order to relate memory closely to current replacement values, all the fixed assets acquire up to 31st March, 1993 were revalued as on that dale and are accordingly carried at revalued figures. Fixed assets acquired after 31st March, 1993 are stated at cost inclusive of freight, taxes and incidental expenses related thereto.

4. Depreciation:

I) Depreciation has been calculated on straight line method at die rates provided in Schedule II to t he Companies

Act, 2013. ii) Depreciation on additions during the year has been provided for full year.

5. Inventories :-

I) Finished products produced by the Company are carried at lower of cost or market value.

ii) Raw materials, Packing Materials and Stores and Spare Parts are carried at cost.

iii) Cost is arrived at mainly on a 'First in first out' basis and is inclusive of freight and expenses incurred.

6. Investments :-

Investments classified as Long Term Investments are stated at cost.

7. Contingent Liabilities :-

Contingent liabilities are not provided for and are disclosed by way of notes.

8. Employees' Retirement Benefits.

I) Company's contributions to Provident Fund are charged to Profit & Loss Account. ii) Gratuity is accounted for as and when the same is paid.

9. Deferred Tax is accounted for by computing the tax effect of timing difference which arise during the year and reverse subsequent periods.

---

Mar 31, 2014

1. General

1. Basis for Prearation of accounts :

The accounts have been prepared to comply in all material aspect with applicable Accounting Principles in India, the applicable Accounting Standards notified under Section 211 (3C) of the Companies Act 1956 and the relevant provisions thereof. Financial Statements are prepared based on historical cost and on the basis of a going concern. The Company follows the mercantile system of Accounting and recognizes income and expenditure on an accrual basis.

2. Revenue Recognition :

Sales comprise sale of goods inclusive of Excise Duty and VAT/Central Sales Tax and are net of allowances for discounts, rate differences and leakages.

3. Fixed Assets :

In order to relate them more closely to current rep lacement values, all the fixed assets acquire up to 31st March, 1993 were revalued as on that date and are accordingly carried at revalued figures. Fixed assets acquired after 31st March, 1993 are stated at cost inclusive of freight, taxes and inc idental expenses related thereto.

4. Depreciation :

I) Depreciation has been calculated on straigh t line method at the rates provided in Schedule XIV to t he Companies Act, 1956. ii) Depreciation on additions during the year has been provided for full year.

5. Inventories :-

I) Finished products produced by the Compan y are carried at lower of cost or market value.

ii) Raw materials, Packing Materials and Stores an d Spare Parts are carried at cost.

iii) Cost is arrived at mainly on a "First in first out'' basis and is inclusive of freight and expen ses incurred.

6. Investments :-

Investments classified as Long Term Investments are stated at cost.

7. Contingent Liabilities :-

Contingent liabilities are not provided for and are disclosed by way of notes.

8. Employees'' Retirement Benefits.

I) Company''s contributions to Provident Fund are charged to Profit & Loss Account.

ii) Gratuity is accounted for as and when the same is paid.

9. Deferred Tax is accounted for by computing the tax effect of timing difference which arise during the year and reverse subsequent periods.

---

Mar 31, 2013

1. Accounting Convention

The financial statements are prepared under the historical cost convention on accrual basis and comply with Accounting Standards referred to in Section 211 (3C) of the Companies Act, 1956.

2. Revenue Recognition

Sales comprise sale of goods inclusive of Excise Duty and VAT/Central Sales Tax and are net of allowances for discounts, rate differences and leakages.

3. Fixed Assets :

In order to relate them more closely to current replacement values, all the fixed assets acquired up to 31st March, 1993 were revalued as on that date and are accordingly carried at revalued figures. Fixed assets acquired after 31st March, 1993 are stated at cost inclusive of freight, taxes and incidental expenses related thereto.

4. Depreciation :

i) Depreciation has been calculated on straight line method at the rates provided in Schedule XIV to the Companies

Act, 1956. ii) Depreciation on additions during the year has been provided for full year.

5. Inventories :-

i) Finished products produced by the Company are carried at lower of cost or market value.

ii) Raw materials, Packing Materials and Stores and Spare Parts are carried at cost.

iii) Cost is arrived at mainly on a First in first out'' basis and is inclusive of freight and expenses incurred.

6. Investments :-

Investments classified as Long Term Investments are stated at cost.

7. Contingent Liabilities :- Contingent liabilities are not provided for and are disclosed by way of notes.

8. Employees'' Retirement Benefits.

i) Company''s contributions to Provident Fund are charged to Profit & Loss Account.

ii) Gratuity is accounted for as and when the same is paid.

9. Deferred Tax is accounted for by computing the tax effect of timing difference which arise during the year and reverse in subsequent periods.

---

Mar 31, 2010

1. General

Accounting Convention

The financial statements are prepared under the historical cost convention on accrual basis and comply with Accounting Standards referred to in Section 211 (3C) of the Companies Act, 1956.

2. Revenue Recognition

Sales comprise sale of goods inclusive of Excise Duty and VAT/Central Sales Tax and are net of allowances for discounts, rate differences and leakages.

3. Excise Duty :

Liability for Excise Duty on Finished Goods is accounted as and when they are cleared from the factory premises after taking credit of Cenvat benefit available. No provision is made in the accounts for the goods manufactured and lying in factory premises.

4. Fixed Assets :

In order to relate them more closely to current replacement values, all the fixed assets acquired up to 31st March, 1993 were revalued as on that date and are accordingly carried at revalued figures. Fixed assets acquired after 31 st March, 1993 are stated at cost inclusive of freight, taxes and incidental expenses related thereto.

5. Depreciation:

i) Depreciation has been calculated on straight line method at the rates provided in Schedule XlV to the Companies Act, 1956.

ii) Depreciation on additions during the year has been provided for full year.

6. Inventories :-

i) Finished products produced by the Company are carried at lower of cost or market value.

ii) Raw materials, Packing Materials and Stores and Spare Parts are carried at cost.

iii) Cost is arrived at mainly on a First in first out basis and is inclusive of freight and expenses incurred.

7. Investments :-

Investments classified as Long Term Investments are stated at cost.

8. Contingent Liabilities :-

Contingent liabilities are not provided for and are disclosed by way of notes.

9. Employees Retirement Benefits.

i) Companys contributions to Provident Fund are charged to Profit & Loss Account.

ii) Gratuity is accounted for as and when the same is paid.

10. Deferred Tax is accounted for by computing the tax effect of timing difference which arise during the year and reverse in subsequent periods.