Notes to Accounts of Ashwini Container Movers Ltd.

Mar 31, 2024

IM. PROVISIONS AND CONTINGENCIES

Provisions are recognised for when the company has at present legal or contrctual obligations as result of past events, only if it requires
the outflow of resources embodying economic benefits and if the amount involved can be measured reliably, others wise the same is
treated as contingent liabilities.

These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

Contingent liabilities are possible but not probable obligations as on balance sheet date, based on the available evidence. Provisions are
recognised when there is a present obligation as a result of past event, and it is probable that an outflow of resources will be required to
settle the obligation, in respect of which a reliable estimate can be made.

IN. RELATED PARTY TRANSACTIONS

Related Party Transactions have been disclosed as required as per AS 18. Refer Related Party Schedule Attached Separately

3. Audit Fees for the year INR 1,00,000/- Previous Year (INR 60,000)

4. During the year no employee was receiving salary of more than 852,000/- per month or RS 102,24,000/- per annum

5. There is record for delay in the payment of dues to micro, small and medium enterprises; to the extent such parties have been
identified on the basis of information available with the Company. The same is being reported by the company.

6. All the balances of receivables and payables are subject to confirmation from the parties.

7. The company do not have any pending litigations comprise of claims by or against the company and no proceeding is
pending with tax and other government authorities.

8. No guarantees are given by the company

9. Previous year''s figures are regrouped, rearranged, and classified as necessary for presentation.

10. Company has utilizable MAT Credit because of which Provision for Tax is not done During the year