Notes to Accounts of Koura Fine Diamond Jewelry Ltd.

Mar 31, 2025

j. Contingent Liabilities and Contingent Assets:

Provision is made for all known liabilities. Contingent Liabilities, if any are disclosed in
the account by way of a note. Contingent assets are neither recognized nor disclosed in the
financial statements.

k. Earning Per Shares:

The earnings considered in ascertaining the Company’s EPS are computed as per
Accounting Standard 20 on “Earning Per Share”, issued by the Institute of Chartered
Accountants of India. The number of shares used in computing basic EPS is the weighted

average number of shares outstanding during the period. The diluted EPS is calculated on
the same basis as Basic EPS, after adjusting for the effects of potential dilutive equity
shares unless the effect of the potential dilutive equity shares is anti-dilutive.

1. Other Accounting policies:

These are consistent with generally accepted accounting practices.

NOTE 25: ADDITIONAL AND OTHER EXPLANATORY INFORMATION
FORMING PART OF THE FINANCIAL STATEMENT AS ON 31.03.2025:

1 Previous year figures have been re-grouped/re-classified whenever necessary to
correspond with the current year classification/disclosure.

2 Balance of receivables, payables and loans and advances parties are subject to their
confirmations. These balances are therefore, subject to adjustments, if any, as may be
required on settlement of these balances with the parties.

5 Earnings per Share:

Basic earnings per share are calculated by dividing the net profit for the period
attributable to equity shareholders among the equity shares outstanding during the period.
For the purpose of calculating diluted earnings per share, the net profit for the period
attributable to equity shareholders and the weighted average number of shares
outstanding during the period are adjusted for the effects of all dilutive potential equity
shares, However there are no potential equity shares in existence during the current and
previous period therefore Basic and Diluted EPS are similar calculated as under:

8 Government of India has promulgated an Act namely The Micro, Small and Medium
Enterprise Development Act, 2006 which comes into force with effect from October 02,
2006. As per the act, the Company is required to identify the Micro, Small and Medium
Suppliers and pay them interest on overdue beyond the specified period irrespective of
terms agreed with the suppliers. Accordingly, the Company has sent the confirmation
letters to its suppliers to identify the supplier registered with the Act. As per the
information available with the Company, some of the suppliers has confirmed that they
have registered with the Act however in no case out of the identified suppliers, any
payable amount remained outstanding for more than 45 days or agreed days, whichever is
earlier, during the year.

The outstanding amount payable at the end of the reporting period to such suppliers was
Rupees Nil/- (Previous Year Rupees Nil/-) which were outstanding for less than 45 days
or agreed days, whichever is earlier, as at reporting date. Accordingly, the liability of
interest has not been provided nor is required to disclose.

9 In the opinion of management, the assets and Liabilities are approximately of the value as
stated by the management, grouped and presented as per estimation by the management
for term of such assets or liabilities, If realized in the ordinary course of business, unless
otherwise stated. In the opinion of management, the provisions for all liabilities are
adequate and not in excess/ shortage of the amount reasonably necessary.

10 Capital and other commitments:

Estimated amount of contracts remaining to be executed on capital account and not
provided for net of capital advances of as on March 31st, 2025: Rupees Nil (March 31st,

2024: Rupees Nil). There are nil material other commitments as at reporting date to
disclose.

11 Foreign exchange earnings & outgo are Nil during the period.

12 As per AS 28 Impairment of Assets issued by ICAI there has been no significant
impaired fixed assets that needs to be recognized in the books of accounts.

13 There is nil Contingent Liability as on reporting date.

Significant Accounting Policy and Accompanying Notes 1 to 14 are forming integral

part of the Financial Statements.

For, Bimal Shah Associates For and on Behalf of the Board of

Directors of

Chartered Accountant Koura Fine Diamond Jewelry Limited

Firm Registration No.101505W

Bimal Arvindbhai Shah Kamlesh K Lodhiya Charmi K Lodhiya

Proprietor Managing Director Whole Time Director &

CFO

Membership No.042372 DIN: 09547591 DIN: 09547590

Asha R Jain

Company Secretary

UDIN :25042372BMORBG9268

Place : Ahmedabad Place : Ahmedabad

Date : 24/05/2025 Date : 24/05/2025

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Mar 31, 2024

1.05 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

Provision involving substantial degree of estimation in measurement is recognized when there is a present obligation as a
result of past events and it is probable that there will be an outflow of resources. Contingent liabilities are not recognized but
are disclosed in the notes. Contingent assets are neither recognized nor disclosed in the financial statements.

1.06 REVENUE RECOGNITION

Revenue comprises of revenue from providing skill development training services.

Revenue is recognized as per the terms of arrangements entered into with individual parties (service orders or service
confirmations) and is recognized when the performance obligation of an event is satisfied.

Revenue is recognized only when it is reasonably certain that the ultimate collection will be made.

1.07 TAXES ON INCOME

Income taxes are accounted for in accordance with Accounting Standard (AS-22) - "Accounting for taxes on income",
notified under Companies (Accounting Standard) Rules, 2014. Income tax comprises of both current and deferred tax.

Current tax is measured on the basis of estimated taxable income and tax credits computed in accordance with the provisions
of the Income Tax Act, 1961.

The tax effect of the timing differences that result between taxable income and accounting income and are capable of reversal
in one or more subsequent periods are recorded as a deferred tax asset or deferred tax liability. They are measured using
substantially enacted tax rates and tax regulations as of the Balance Sheet date.

Deferred tax assets arising mainly on account of brought forward losses and unabsorbed depreciation under tax laws, are
recognized, only if there is virtual certainty of its realization, supported by convincing evidence. Deferred tax assets on
account of other timing differences are recognized only to the extent there is a reasonable certainty of its realization.

1.08 CASH AND CASH EQUIVALENTS

Cash and cash equivalents comprises Cash-in-hand, Current Accounts, Fixed Deposits with banks. Cash equivalents are short¬
term balances (with an original maturity of three months or less from the date of acquisition), highly liquid investments that
are readily convertible into known amounts of cash and which are subject to insignificant risk of changes in value.

1.09 EARNINGS PER SHARE

Basic earning per share is computed by dividing the profit/ (loss) after tax (including the post tax effect of extraordinary
items, if any) by the weighted average number of equity share outstanding during the year. Diluted earning per share is
computed by dividing the profit/ (loss) after tax (including the post tax effect of extraordinary items, if any) as adjusted for
dividend, interest and other charges to expense or income (net of any attributable taxes) relating to the dilutive potential
equity shares, by the weighted average number of equity shares which could have been issued on the conversion of all
dilutive potential equity shares.

23 SEGMENT REPORTING

The Company is exclusively engaged in the AMC business of Servicing of IT Components.This in the context of Accounting
Standard (AS17) "SegmentReporting",notified under the Companies (Accounting Standards) Rules,2006,constitutes one
single primary segment.The Company does not have a secondary segment. Accordingly, disclosures required under AS 17
are not applicable.

24 Additional Regulatory Information as per Para Y of Schedule III to Companies Act, 2013:

i. The Company does not have any immovable property (other than properties where the Company is the lessee and the
lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the company.

ii. The Company has not revalued its Property, Plant and Equipment.

iii. The Company has not granted loans or advances in the nature of loans are granted to promoters, Directors, KMPs and
the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, that are:

(a) repayable on demand or

(b) without specifying any terms or period of repayment

vi. No proceedings have been initiated or pending against the company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

vii. The Company has borrowings from banks or financial institutions on the basis of security of current assets and quarterly
returns or statements of current assets filed by the Company with banks or financial institutions are in agreement with
the books of accounts.

viii. The company is not declared as wilful defaulter by any bank or financial institution or other lender.

ix. The company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or
section 560 of Companies Act, 1956

x. There are no charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period.

xi. The company does not have any investments and hence, compliance 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 is not applicable.

b. Trade Receivables turnover Ratio: The Company has managed to recover collections from customers in a reasonable
time.

c. Trade Payable turnover Ratio: The Company has incurred revenue expenditure which are purely related to operations
and dues are repaid in a stipulated given Credit period by the supplier.

d. Net Capital Turnover Ratio: The company is experiencing is good Net capital turnover ratio compared to previous
year due to improved business operations

e. Net Profit Ratio: In the current year , the company has made a smaller profit as compared to the turnover and hence it
decreased during the year.

f. Current Ratio: current assets increases as compared to the current liabilty durinng the year.

g. Debt-equity Ratio: Debt is paid off so this ratio improved.

i. Return on Capital Employed: return is bit low due to lesser profit against sales compared to the previous year

j. Return on investment: Return on Invetment is bit low due to shorter profit against sales compared to the previous year

xiii. The Company does not have any scheme of arrangements which has been approved by the Competent Authority in
terms of sections 230 to 237 of the Companies Act, 2013.

xiv. A. No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other
sources or kind of funds) by the Company to or in any other persons or entities, including foreign entities
("Intermediaries"), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall,
directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever ("Ultimate
Beneficiaries") by or on behalf of the Company or provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.

B. No funds have been received by the Company from any persons or entities, including foreign entities ("Funding
Parties"), with the understanding, whether recorded in writing or otherwise, that the Company shall directly or
indirectly, lend or invest in other persons or entities identified in any manner whatsoever ("Ultimate Beneficiaries") by or
on behalf of the Funding Parties or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

25 Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current period''s
classification / disclosure.

Signatures to Notes forming part of Financial Statements
For and on behalf of the Board of Directors

Kamlesh Keshavlal Lodhiya Pratibha Kamlesh Lodhiya Krunal Soni Asha Rameshwarlal Jain

(Managing Director) (Director) (CFO) (Company Secretary)

DIN: 09547591 DIN: 09547590

Place : Ahmedabad
Date : 23-05-2024