Notes to Accounts of Premium Plast Ltd.

Mar 31, 2025

1. Contingent Liabilities:

There are no Contingent Liability as on the Balance sheet date hence no disclosure made.

2. As per the best estimate of the management, no provision is required to be made as per Accounting Standard (AS-29) Provisions, Contingent Liabilities and Contingent Assets notified by The Companies (Accounting Standard) Rules, 2006, in respect of present obligation as a result of past event that could lead to probable outflow of resources, which would be required to settle the obligation.

3. Information required under paragraphs 3 and 4 of part II to Schedule VI of the Companies Act, 1956 are stated to the extent applicable to the company.

6. No borrowing costs have been capitalised during the year.

7. Balance of Sundry Debtors, Unsecured Loan, loan and advances given/ taken and Creditors, Application Money are subject to confirmation/reconciliation and adjustment, if any.

8. In the opinion of the Management, the Current Assets, Loans and advances have a value on realization in the ordinary course of business, at least equal to the amount

at which they are state in the balance sheet. The provision for all known liabilities is adequate and not in excess of what is required.

9. Previous year figures have been regrouped / reclassified wherever necessary to conform to the current year''s classification.

10. Additional Regulatory Information:

a) Details of Benami Property held: No proceeding has been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

b) Wilful Defaulter: The company has not been declared a wilful defaulter by any bank or financial Institution or other lender.

c) Relationship with Struck off Companies - The company do not have any transactions or balances with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

d) Registration of charges or satisfaction with Registrar of Companies (ROC)-There has been no delay in registration or satisfaction of charges with the Registrar of Companies (ROC).

e) Utilisation of Borrowed funds and share premium:

i. The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall -

1. directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

2. provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries;

ii. The company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the company shall-

1. directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

2. provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

f) Compliance with number of layers of companies- The Company has complied with the number of layers prescribed under the Companies Act, 2013.

g) Details of Crypto Currency or Virtual Currency- The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

h) Undisclosed Income- The Company do not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

11. There was no Crypto or Virtual Currency Transaction During FY 2024-25.

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Mar 31, 2024

Provisions. Contingent Liabilities and contingent assets:

Provisions involving substantial degree of estimation in measurement are recognized when there is c
obligation as a result of past events and it is probable that there will be an outflow of resources. Con
Liabilities, if any, are not recognized but are disclosed by way of a note to accounts. Contingent asse
neither recognized nor disclosed in the financial statements.

^

Additional Regulatory Information.

Additional Regulatory Information pursuant to Clause 6Y of General Instructions for preparation of
Balance Sheet as given in Part I of Division I of Schedule III to the Companies Act, 2013, are given
hereunder to the extent relevant and other than those given elsewhere in any other notes to the

1 All title deoils of Immovable Property ate held in the name of company

2 The Company does not have revalued its Property, Plant and Equipment

3 The Compani has not adinnced any loans or advances in the nature of loans to specified persons viz.
promoters, directors. kMPs. related parties, which arc repayable on demand or where the agreement docs not

4 The Company docs not base any Bcnami property, where any proceeding has been initiated or pending
against the Company for holding any Bcnami property

5 Capital Work in Progress if any - The Company has not any capital work in progress during the year

6 The Compans has not any Intangible assets under development

7. Quarterly returns or statements of current assets - Reconciliation - Refer Note No. 5

8 The Company has not been declared as a wilful defaulter by any lender who has powers to declare a company
as a wilful defaulter at any time dunng the financial year or after the end of reporting period but before the date

9. The Company docs not have any transactions with stnick-off companies.

10. Company docs not have any charges or satisfaction which is yet to be registered with ROC beyond the
statutory penod

11. There is no scheme of arrangements approved by the competent authority in the terms of section 230 to 237
of the Companies Act 2013.

12. The Company has not advanced or loaned or invested funds to any other pcrson(s) or entity!ies). including
foreign entities (Intermediaries) with the understanding, that the Intermediary shall:

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the Company (Ultimate Beneficiaries) or

b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiary

13. Company have not received any fund from any person(s) or entity(ies), including foreign entities (funding
parry) with the understanding (whether recorded in writing or otherwise that the company shall:

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the Company (Ultimate Beneficiaries) or

b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiary

14. The Company has complied with the number of layers prescribed under clause (87) of section 2 of the
Companies Act, 2013 read with Companies (Restriction on number of Layers) Rules, 2017.

B) Not»» to Account*

1 Contingent liabilities

There ere no Cwtingent Liability as on the Balance shoot date honco no dlsdouro mndo

2 As por tho best estimate of the management, no provision Is required to ho mndo as por Accounting Standard (AS-29)
Provisions. Contingent Liabilities and Contingent Assets notified by The Companies (Accounting Standard) Rules.
2006. m respect of present obligation as a result of past event that could load to probable outflow of resources, which
would be required to settle the obligation

3 Information required under paragraphs 3 and 4 of pari II to Schedulo VI of tho Companies Act. 1956 are stated to tho
extent applicable to the company

F tlMft''V* Sundry Debtor* l 1 n*n livm and ertvilni e? Qiven/ lafcen and (.reddor? Appllf_*hon Money are

koNiM to iY*>hm\#b«v*>fKY*v1 it any

o In th* opinion of thr ManaQamnnl the i nn**nl A««rt* I mm? *nd aftvanr n« have a vahi* on realization m tfw* ordinary
_k v''ikm pi bo*»’>es* at Hu*?t equal to the amount at wtvrh they are «taf* m the halani a ahnef The prrivwo" for all
Knott” buNKhe* I* adequate an»1 not Hi etc*** i>f whal is required

''0 °rovn>u» ve*i figures h«ve been regrouped / rertassified wheiever nar essary to c.nnfnrm to Ihe current rear?

vHmiUAoifrpn

»t W^bonal Regulator tnfommbon

a¹ Detette Pf Benemi Propa1y held No proceeding has ln»eii initiated nr pawling against tha company for hoklirvj
ttn\ barvam property iinder tha Renemi transitions tPmhibdion) Art 19R8 (4^r> of 198A) and njins made thereunder

b WMAil Defaulter tha company ha? not been declared a wilful defaulter by any bank or financial Institution or otter
Iandw

Relationship with Strucli of! Companies 1 ha company do not hava any IransoctK>ns or balances with
oomwxenre* struck oft under section ?4F of tha Companies Act. 2013 or section SfiO of Companies Art tqvi

di Registration of charges or satisfaction with Registrar of Companlea (ROC)-There has been no delay in
naqislrabon oi satisfaction of charges with the Registrar of Companies (ROC)

a Ubheabon of Borrowed funds and share premium:

i Tha company has not advancad or loaned or invested funds (either borrowed funds or share premium or ary otter
sources or kino of funds) to any other person(s) or enbtyfies). including foreign entities (Intermediaries witt the
undoncanotng i wither recorded m wrbng or otherwise) that the Intermediary shall -

1 drnecth or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on oenai*
of tha company (Ultimate Benefiaanes) or

2 provide any guarantee, security or the like to or on behalf of the Ultimate Benefiaanes.

• The company has not received any fund from any person(s) or entity(ies), Including foreign entities (Funding Parr,
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 by or on oerai⁴
of the Funding Party (Ultimate Benefiaanes) or

2 provide any guarantee secunty or the like on behalf of the Ultimate Beneficianes.

f) Compliance with number of layers of companies* The Company has complied with the number of layers
proscribed under the Companies Act. 2013.

g) Details of Crypto Currency or Virtual Currency- The Company have not traded or invested in Crypto cumene, or
Virtual Currency ounng the fmanaal year

h i Undisclosed Income- The Company do not have any such transaction which is no! recorded in the books of
accounts mai has been surrendered or disclosed as income during the year in the tax assessments under the income
Tax Ad 1961 (such as. search or survey or any other relevant provisions of the Income Tax Act. 19611

12 Their was no Crypto or Virtual Currency Transaction Dunng FY 2023-24

13 There is no transaction in foreign currency dunng the year and there is no exposure as on the reporting date

u The amount of gratuity not quantified and provston of gratuity has not made

AS PER BOOKS PRODUCED BEFORE US For and on bahalf of tha Board of Directors

For VRCA A Associates __ PREMIUM PLAST LIMITED

Partnei J A v^’T''T^^s.Mr Chelan Dave Mis Lopa Chelan Dpve

Krunal Brahmbhatt 490 ri57 / *Trr^t0f Qeector • , c> \

Cnanwsd Accountants ,.£twtfut284 M8 DIN 0/243160 /Wf.''.MNO. \

FRN 1047V7W V? '' . ‘ 5/ ^ l in1727VJ J

M No 150053 N: ^L-^^S»ptemhm 09.2024 \C\^ /

UDIN 24150053BKEPMO3346 *

September 09. 2024