Notes to Accounts of Apollo Ingredients Ltd.

Mar 31, 2025

12. Accounting for Provisions, Contingent Liabilities and Contingent Assets -

Provisions are recognized in terms of Accounting Standard 29 - ''Provisions, Contingent
Liabilities and Contingent Assets'' issued by the ICAI, when there is a present legal or
statutory obligation as a result of past events where it is probable that there will be outflow
of resources to settle the obligation and when a reliable estimate of the amount of the
obligation can be made except provision for Retirement Benefits which are dealt as per
Accounting Standard 15.

During the year no Contingent Liabilities are recognized and there is no occasion for such
recognisation.

Contingent Assets are not recognized in the financial statements.

13. Prior Period Item / Extra-Ordinary Items -

Prior period items, and extra ordinary items, if material, are separately disclosed in the notes
to the accounts is a policy of the Company.

14. Earning per share

Basic earning per share is computed by dividing the net profit after tax by the weighted
average number of equity shares outstanding during the period.

Adjusted earning per share is computed by dividing net profit after tax by the average number
of equity shares including bonus shares outstanding during the period.

15. Cash Flow Statement

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for
the effects of transactions of a non-cash nature, any deferrals or accruals of past or future
operating cash receipts or payments and item of income or expenses associated with investing
or financing cash flows. The cash flows from operating, investing and financing activities of
the Company are segregated.

B) Notes on Accounts -

1. Depreciation

Pursuant to the enactment of Companies Act, 2013 the company has applied the estimated
useful lives as specified in Schedule II, except in respect of certain assets as disclosed in
accounting policy on Depreciation, Amortization and Depletion. Accordingly the
unamortized carrying value is being depreciated / amortised over the revised/ remaining
useful lives.

2. Third Party Confirmation

In most of the cases, confirmation from the parties grouped under sundry debtors, sundry
creditors, loans & advances has not been received by the company. These balances have,
therefore been taken as per the books subject to reconciliation & adjustments, if any.

3. Long Term Borrowings

During the year, Company has outstanding Long Term Unsecured Loans from Associate
Concern, Directors, Shareholders amounting Rs. 50,000/- (Previous year Rs. 50,000)as per
condition stipulated by Bank.

4. Trade Receivables

Outstanding debts having found not realizable are treated as bad and has been written off in
the relevant financial year.

5. Trade Payables

Outstanding credit balances having found not payable are treated as bad and has been
forfeited in the relevant financial year.

6. As informed by the management that the liability / refund of all Indirect Taxes will be
accounted on finality of claims from concerned department.

7. Previous years figures have been regrouped and recasted wherever necessary to make them
comparable to current years figure.

16. Relationship with Struck off Companies

Where the company has any transactions with companies struck off under section 248 of the
Companies Act, 2013 or section 560 of Companies Act, 1956, the Company shall disclose the
following details:-

17. Registration of charges or satisfaction with Registrar of Companies

Where any charges or satisfaction yet to be registered with Registrar of Companies beyond the
statutory period, details and reasons thereof shall be disclosed.

18. Compliance with number of layers of companies

Where the company has not complied with the number of layers prescribed under clause (87) of
section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017, the name
and CIN of the companies beyond the specified layers and the relationship/extent of holding of the
company in such downstream companies shall be disclosed.

19. Following Ratios to be disclosed:

(a) Current Ratio (Current Asset / Current Liabilities) - 4.28. Increase in Current asset and increase
in trade payable

(b) Debt-Equity Ratio (Loans/ Capital Account Net Profit) - 0.0039 Loan repayable on demand
taken from director

(c) Debt Service Coverage Ratio (PBIT/Interest) - NA

(d) Return on Equity Ratio (Net Profit/ Capital Account Net Profit)- 10.31%- Business operations
begun form current year.

(e) Inventory turnover ratio (Turnover/ Closing Stock) - 1265.38

(f) Trade Receivables turnover ratio ( Sundry Debtors/Turnover) - 0.0371

(g) Trade payables turnover ratio( Sundry Creditors/Turnover) - 0.1105

(h) Net capital turnover ratio (PBIT/ Turnover) - 4.29%

(i) Net profit ratio (Net Profit/Turnover) - 4.29%

(j) Return on Capital employed (PBIT/ Capital Employed) - 10.31%

The company shall explain the items included in numerator and denominator for computing the above
ratios. Further explanation shall be provided for any change in the ratio by more than 25% as
compared to the preceding year.

20. RELATED PARTY DISCLOSURE

1. Number of contracts or arrangements or transactions not at arm’s length basis: Nil

2. Number of material contracts or arrangement or transactions at arm’s length basis: as under

a) name of the related parties with whom transactions have been entered in the ordinary
course of business.

For, DMKH & Co
Chartered Accountants
Sd/-

Partner

Membership No.122962
Firm’s Registration No. 116886W
UDIN:- 25122962BMIQCU1025
Place - Pune
Date - 29/05/2025

---

Mar 31, 2024

12. Accounting for Provisions, Contingent Liabilities and Contingent Assets -

Provisions are recognized in terms of Accounting Standard 29 - ''Provisions,

Contingent Liabilities and Contingent Assets'' issued by the ICAI, when there is a
present legal or statutory obligation as a result of past events where it is probable

that there will be outflow of resources to settle the obligation and when a reliable
estimate of the amount of the obligation can be made except provision for Retirement
Benefits which are dealt as per Accounting Standard 15.

During the year no Contingent Liabilities are recognized and there is no occasion for
such recognisation.

Contingent Assets are not recognized in the financial statements.

13. Prior Period Item / Extra-Ordinary Items -

Prior period items, and extra ordinary items, if material, are separately disclosed in the
notes to the accounts is a policy of the Company.

14. Earning per share

Basic earning per share is computed by dividing the net profit after tax by the
weighted average number of equity shares outstanding during the period.

Adjusted earning per share is computed by dividing net profit after tax by the average
number of equity shares including bonus shares outstanding during the period.

15. Cash Flow Statement

Cash flows are reported using the indirect method, whereby profit before tax is
adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals
of past or future operating cash receipts or payments and item of income or expenses
associated with investing or financing cash flows. The cash flows from operating,
investing and financing activities of the Company are segregated.

B) Notes on Accounts -

1. Depreciation

Pursuant to the enactment of Companies Act, 2013 the company has applied the
estimated useful lives as specified in Schedule II, except in respect of certain assets as
disclosed in accounting policy on Depreciation, Amortization and Depletion.
Accordingly the unamortized carrying value is being depreciated / amortised over the
revised/ remaining useful lives.

2. Third Party Confirmation

In most of the cases, confirmation from the parties grouped under sundry debtors,
sundry creditors, loans & advances has not been received by the company. These
balances have, therefore been taken as per the books subject to reconciliation &
adjustments, if any.

3. Long Term Borrowings

During the year, Company has outstanding Long Term Unsecured Loans from
Associate Concern, Directors, Shareholders amounting Rs. 50,000/- (Previous year
Rs. NIL)as per condition stipulated by Bank.

4. Trade Receivables

Outstanding debts having found not realizable are treated as bad and has been written
off in the relevant financial year.

5. Trade Payables

Outstanding credit balances having found not payable are treated as bad and has been
forfeited in the relevant financial year.

6. As informed by the management that the liability / refund of all Indirect Taxes will be
accounted on finality of claims from concerned department.

7. Previous years figures have been regrouped and recasted wherever necessary to make
them comparable to current years figure.

17. Registration of charges or satisfaction with Registrar of Companies

Where any charges or satisfaction yet to be registered with Registrar of Companies beyond
the statutory period, details and reasons thereof shall be disclosed.

18. Compliance with number of layers of companies

Where the company has not complied with the number of layers prescribed under clause (87)
of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017,
the name and CIN of the companies beyond the specified layers and the relationship/extent of
holding of the company in such downstream companies shall be disclosed.

19. Following Ratios to be disclosed:

(a) Current Ratio (Current Asset / Current Liabilities) - 3.34. Increase in Current asset and
increase in trade payable

(b) Debt-Equity Ratio (Loans/ Capital Account Net Profit) - 0.02 Loan repayable on
demand taken from director

(c) Debt Service Coverage Ratio (PBIT/Interest) - NA

(d) Return on Equity Ratio (Net Profit/ Capital Account Net Profit)- 6.85%- Business
operations begun form current year.

(e) Inventory turnover ratio (Turnover/ Closing Stock) - NA

(f) Trade Receivables turnover ratio ( Sundry Debtors/Turnover) - 0.04

(g) Trade payables turnover ratio( Sundry Creditors/Turnover) - 0.44

(h) Net capital turnover ratio (PBIT/ Turnover) - 0.08

(i) Net profit ratio (Net Profit/Turnover) - 8.23%

(j) Return on Capital employed (PBIT/ Capital Employed) - 6.85%

The company shall explain the items included in numerator and denominator for computing
the above ratios. Further explanation shall be provided for any change in the ratio by more
than 25% as compared to the preceding year.

20. RELATED PARTY DISCLOSURE

1. Number of contracts or arrangements or transactions not at arm’s length basis: Nil

2. Number of material contracts or arrangement or transactions at arm’s length basis:
as under

a) name of the related parties with whom transactions have been entered in the
ordinary course of business.

For, DMKH & Co
Chartered Accountants

Sd/-

Partner

Membership No.122962
Firm’s Registration No. 116886W
UDIN:- 24122962BKBENU9255

Place - Pune
Date - 28/05/2024

---

Mar 31, 2013

1.1 In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value stated if realized in the ordinary course of business.

1.2 The Company has mainly activity of trading in commodities except long term investments in shares. Hence income from them and Assets & Liabilities are considered only one segment therefore, Disclosure of segment reporting pursuant to AS - 17 issued by the ICAI is not required.

1.3 In view of applicability of AS - 22, company does not have material deferred liability. Therefore the same is not recognized in the accounts.

1.4 Pursuant to requirement of AS - 18 issued by ICAI the details of transactions carried out during the year with the related parties are disclosed as under

1.5 No provision for diminutions in market value of investments of Rs. 1993984/—has been made during the year.

1.6 Sundry debits/credit balances are subject to confirmation and reconciliation if any.

1.7 Additional Information to be given pursuant to Para 3 & 4 of the part II of Schedule VI of the Companies Act, 1956, are not applicable.

1.8 Figures of the previous year have been rearranged and/or regrouped wherever necessary to conform to current year''s presentation.

---

Mar 31, 2012

1.1 In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value stated if realized in the ordinary course of business.

1.2 The Company has mainly activity of trading in commodities except long term investments in shares. Hence income from them and Assets 8s Liabilities are considered only one segment therefore, Disclosure of segment reporting pursuant to AS - 17 issued by the ICAI is not required.

1.3 In view of applicability of AS - 22, company does not have material deferred liability. Therefore the same is not recognized in the accounts.

1.4 Pursuant to requirement of AS - 18 issued by ICAI the details of transactions carried out during the year with the related parties are disclosed as under

1.5 No provision for diminutions in market value of investments of Rs. 2088981/--has been made during the year.

1.6 Sundry debits/credit balances are subject to confirmation and reconciliation if any.

1.7 Accounting Standard by ICAI Earning per Share is calculated as follows:

1.8. Additional Information to be given pursuant to para 3 & 4 of the part II of Schedule VI of the Companies Act, 1956, are not applicable.

1.9. Figures of the previous year have been rearranged and/or regrouped wherever necessary to conform to current year's presentation.

a) The company has only one class of equity shares having par value of Rs 10/- per share.

b)The details of shareholders holding more than 5 % shares:-

The notes referred to above are form an integral part of the Profit & Loss Account.

---

Mar 31, 2010

1. In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value stated if realized in the ordinary course of business.

2. The Company has mainly activity of trading in commodities except long term investments in shares. Hence income from them and Assets & Liabilities are considered only one segment therefore, Disclosure of segment reporting pursuant to AS - 17 issued by the ICAI is not required.

3. In view of applicability of AS - 22, company does not have deferred liability. Therefore the same is not recognized in the accounts

4. No provision for diminutions in market value of investments of Rs. 1967133/-has been made during the year.

5. Trading in shares of the company with Stock Exchange, Mumbai is remained suspended and the company is making efforts to revoke the same

6. Sundry debits/credit balances are subject to confirmation and reconciliation if any.

7. Additional Information to be given pursuant to para 3 & 4 of the part II of Schedule VI of the Companies Act, 1956, are not applicable.

8. Figures of the previous year have been rearranged and/of regrouped wherever necessary to conform to current years presentation.

---

Mar 31, 2009

1. In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value stated if realized in the ordinary course of business.

2. The Company has mainly activity of trading in commodities except long term investments in shares. Hence income from them and Assets & Liabilities are considered only one segment therefore, Disclosure of segment reporting pursuant to AS - 17 issued by the ICAI is not required.

3. In view of applicability of AS - 22, company does not have deferred liability. Therefore the same is not recognized in the accounts.

4. Pursuant to requirement of AS - 18 issued by ICAI the details of transactions carried out during the year with the related parties are disclosed as under

5. No provision for diminutions in market value of investments of Rs. 1967133/-has been made during the year.

6. Trading in shares of the company with Stock Exchange, Mumbai is remained suspended and the company is making efforts to revoke the same.

7. Sundry debits/credit balances are subject to confirmation and reconciliation if any.

8. Additional Information to be given pursuant to para 3 & 4 of the part II of Schedule VI of the Companies Act, 1956, are not applicable.

9. Figures of the previous year have been rearranged and/or regrouped wherever necessary to conform to current years presentation.