Notes to Accounts of Cresanto Global Ltd.

Mar 31, 2024

d) Provisions & Contingent Liabilities

Provisions are recognized when the Company has a present obligation (legal or constructive) because 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. Contingent liabilities are
disclosed based on best judgement of the management/independent experts. These are reviewed at each
balance sheet date and are adjusted to reflect the current management estimate.

e) Tax Expenses

The tax expense for the period comprises current and deferred tax. Tax is recognized in 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.

f) Revenue recognition

Revenue from sale of goods is recognized when the significant risks and rewards of ownership have been
transferred to the buyer, recovery of the consideration is probable, the associated cost can be estimated
reliably, there is no continuing effective control or managerial involvement with the goods, and the amount of
revenue can be measured reliably. Revenue from sale of goods is measured at the fair value of the consideration
received or receivable excluding taxes or duties collected on behalf of the government.

g) Expenses Recognition

Expenses are accounted for on Accrual basis and provision are made for all known Liabilities except ROC
fees.

h) Cash Flow Statement

Cash Flow statement is prepared in accordance with the Indirect method prescribed in Indian Accounting
Standard (Ind AS)-7 on "Statement of Cash Flows".

i) Provisions for doubtful debts & advances

Provisions for doubtful debts/ advances is made when there is uncertainty of realization irrespective of the
period of its dues and written off when unrealizability is established.

j) Earning Per Share (EPS)

Basic earnings per share is computed by dividing profit or loss attributable to equity shareholders of the
Company by the weighted average number of equities shares outstanding during the year. The Company did
not have any potentially dilutive securities in any of the years presented.

26 Others Financials Notes

26 (i) In the opinion of the Board, the Current Assets, Loan and Advances are stated at a value, considered realizable
in the ordinary course of business.

26 (ii) Micro, small & medium enterprises development act, 2006 (''MSMED'') disclosure: The dues to micro and small
enterprises as required under MSMED Act, 2006, based on the information available with the Company, is given
below:

26 (v) Balances of Debtors, Creditors and Unsecured Loans are subject to confirmation.

26 (vi) Under Note 12 of Financials "Other non-Current Financial Liabilities" included Lone from promoter/
promoter''s group Rs. 24,317.30 (Amount in Thousands) details of outstanding amount as below-
26 (vii) Company''s administrative & other general expenses are paid by Ajai Goyal (Director) on behalf of the company.

26 (viii) The Company''s operations predominantly comprise of only one segment, therefore operationally segment
reporting does not apply.

26 (ix) Figures (including Previous Year Figures) have been rounded off to the nearest rupee (in "000").

26 (x) Previous Year''s figures have been re-grouped/re-arranged wherever necessary to render them comparable
with the current year''s figures.

For A. Kay. Mehra & Co. Ajai Goyal Nisha Goyal

Chartered Accountants Managing Director Director

FRN: (050004C) DIN - 02636418 DIN-02710946

CA Deepak Suneja
Membership No- 501957
Date: 24-May-2024
UDIN- 24501957BKBFMN4402
Place- Noida

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Mar 31, 2014

1. ACCOUNT BALANCES

Balances of Sundry Debtors, Sundry Creditors, Loans & Advances and Unsecured Loans are still subject to reconciliation and confirmations.

2. In the opinion of the Board, the Current Assets, Loans and Advances have a value on realization in the ordinary course of business, which may fluctuate from time to time.

3. The accumulated losses of the company exceed the paid-up capital of the company.

4. SEGMENT REPORTING

The company is operating in a single line of product namely manufacturing and trading of medicines. Since there is no reporting Segment, the requirements of Accounting Standard (AS-17 ''Segment Reporting'') issued by the Institute of Chartered Accountants of India are not applicable for the company.

5. CONTINGENT LIABILITIES

Contingent liabilities not provided for in the financial statements for the current year are NIL (Previous year NIL).

6. TAXES ON INCOME

The company has not earned profit during the year and have Losses in previous years. Provision for Deferred Tax Assets has not been made due to uncertainty of profit earning by company in near future. Provision for MAT is not required.

7. RELATED PARTY TRANSACTION

As per accounting standard No. 18 issued by the Institute of Chartered Accountants of India, related parties in terms of the said standard are disclosed below.

No Transaction with related party has been made during the year.

8. RENT OF FACTORY PREMISES

Mr. Ajai Goyal is allowing use of his factory premises at no rent.

9. Figures for the previous year have been regrouped wherever considered necessary to conform to the current year''s presentation.

10. Schedules No 1 to 21 form an integral part of the Balance Sheet and the Profit & Loss Account of the Company.

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Mar 31, 2013

1.1.ACCOUNT BALANCES

A total of Rs. 17.92 lacs of Sundry Debtors, Sundry Creditors, Loans & Advances and Unsecured Loans are still subject to reconciliation and confirmations.

1.2.In the opinion of the Board, the Current Assets, Loans and Advances have a value on realization in the ordinary course of business, which may fluctuate from time to time.

1.3.The accumulated losses of the company exceed the paid-up capital of the company.

1.4.SEGMENT REPORTING

The company is operating in a single line of product namely manufacturing and trading of medicines. Since there is no reporting Segment, the requirements of Accounting Standard (AS-17 ''Segment Reporting'') issued by the Institute of Chartered Accountants of India are not applicable for the company.

1.5.CONTINGENT LIABILITIES

Contingent liabilities not provided for in the financial statements for the current year are NIL (Previous year NIL).

1.6.TAXES ON INCOME

The company has not earned profit during the year and have Losses in previous years; Provision for Deferred Tax Assets has not been made due to uncertainty of profit earning by company in near future. Provision for MAT is not required.

1.7.RELATED PARTY TRANSACTION

As per Accounting standard No. 18 issued by the Institute of Chartered Accountants of India, related parties in terms of the said standard are disclosed below :- No Transaction with related party has been made during the year.

1.8.RENT OF FACTORY PREMISES

Mr. Ajai Goyal is allowing use of his factory premises at no rent.

1.9.Figures for the previous year have been regrouped wherever considered necessary to conform to the current year''s presentation.

1.10.Schedule Nos. 1 to 21 forms an integral part of the Balance Sheet and the Profit & Loss Account of the Company.

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Mar 31, 2012

1.1. ACCOUNT BALANCES

Balances of Sundry Debtors, Sundry Creditors, Loans and Advances and Unsecured Loans are subject to reconciliation and confirmations.

1.2. In the opinion of the Board, the Current Assets, Loans and Advances have a value on realization in the ordinary course of business, which may fluctuate from time to time.

1.3. The accumulated losses of the company exceed the paid-up capital of the company.

1.4. SEGMENT REPORTING

The company is operating in a single line of product namely manufacturing and trading of medicines. Since there is no reporting Segment, the requirements of Accounting Standard (AS-17 'Segment Reporting') issued by the Institute of Chartered Accountants of India are not applicable for the company.

1.5. CONTINGENT LIABILITIES

Contingent liabilities not provided for in the financial statements for the current year are NIL (Previous year NIL).

1.6. TAXES ON INCOME

The company has earned profit during the year and Losses in previous years; however, neither provision for Deferred Tax Liability & Deferred Tax Assets nor provision for MAT has been made.

1.7. RELATED PARTY TRANSACTION

As per Accounting standard No. 18 issued by the Institute of Chartered Accountants of India, related parties in terms of the said standard are disclosed below :-

Names of Related parties and description of relationship:

Key Managerial Personnel: Shri Ajai Goyal, Managing Director

During the year Mr. Ajai Goyal gave an additional Loan to the Company as detailed in 2.11 below.

Actual Production

It is not practical to furnish quantitative information in respect of raw material consumed, finished goods produced and sold and opening and Closing stocks in view of considerable number and size of Items involved.

1.8.UNSECURED LOAN FROM MR AJAI GOYAL, MANAGING DIRECTOR

During the current financial year Mr Ajai Goyal, has paid on behalf of the Company to various parties an amount equal to Rs. 1,08,606/- which has been credited to his account as an unsecured loan. Mr. Ajai Goyal is also allowing use of his factory premises at no rent.

1.9.Figures for the previous year have been regrouped wherever considered necessary to conform to the current year's presentation.

1.10.Schedule Nos. 1 to 21 form an integral part of the Balance Sheet and the Profit & Loss Account of the Company.

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Mar 31, 2010

1.1. ACCOUNT BALANCES

Balances of Sundry Debtors, Sundry Creditors, Loans and Advances and Unsecured Loans are subject to reconciliation and confirmations.

1.2. In the opinion of the Board, the Current Assets, Loans and Advances have a value on realization in the ordinary course of business, which may fluctuate from time to time.

1.3. The accumulated losses of the company exceed the paid-up capital of the company.

1.4. SEGMENT REPORTING

The company is operating in a single line of product namely manufacturing and trading of medicines. Since there is no reporting Segment, the requirements of Accounting Standard (AS–17 ‘Segment Reporting) issued by the Institute of Chartered Accountants of India are not applicable for the company.

1.5. CONTINGENT LIABILITIES

Contingent liabilities not provided for in the financial statements for the current year are NIL (Previous year NIL).

1.6. TAXES ON INCOME

The company has earned profit during the year and Losses in previous years; however, neither provision for Deferred Tax Liability & Deferred Tax Assets nor provision for MAT has been made.

1.7. RELATED PARTY TRANSACTION

As per Accounting standard No. 18 issued by the Institute of Chartered Accountants of India, related parties in terms of the said standard are disclosed below :-

Names of Related parties and description of relationship:

Key Managerial Personnel: Shri Ajai Goyal, Director

1.8. ADDITIONAL INFORMATION PURSUANT TO THE PROVISIONS OF PARAGRAPH 3, 4C, AND 4D OF PART II AND PART IV OF SCHEDULE VI TO THE INDIAN COMPANIES ACT, 1956 (AS CERTIFIED BY THE MANAGEMENT)

Licensed Capacity

Particular Current Year Previous Year

Injectable 86.40 lacs (vial/ampl) 86.40 lacs (vial/ampl)

Installed Capacity

Particular Current Year Previous Year

Injectable 86.40 lacs (vial/ampl) 86.40 lacs (vial/ampl)

Actual Production

As per management, it is not practical to furnish quantitative information in respect of raw material consumed, finished goods produced and sold and opening and Closing stocks in view of considerable number and size of Items involved.

1.9. UNSECURED LOAN FROM MR AJAI GOYAL MANAGING DIRECTOR

During the current financial year Mr Ajai Goyal, has paid on behalf of the Company to various parties an amount equal to Rs. 50,000/- which has been credited to his account as an unsecured loan. Mr. Ajai Goyal is also allowing use of his factory premises at no rent.

1.10. Figures for the previous year have been regrouped wherever considered necessary to conform to the current years presentation.

1.11. Schedule Nos. 1 to 14 form an integral part of the Balance Sheet and the Profit & Loss Account of the Company.