Notes to Accounts of Thrive Future Habitats Ltd.

Mar 31, 2025

I. Fair value hierarchy

The fair values of the financial assets and liabilities are included at the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

This section explains the judgements and estimates made in determining the fair values of the financial instruments that are (a) recognised and measured at fair value and (b) measured at amortised cost and for which fair values are disclosed in the financial statements. To provide an indication about the reliability of the inputs used in determining fair value, the group has classified its financial instruments into the three levels prescribed under the accounting standard. An explanation of each level follows underneath the table.

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices. For example, listed equity instruments that have quoted market price.

Level 2: The fair value of financial instruments that are not traded in an active market (for example, traded bonds, over-the- counter derivatives) is determined using valuation techniques which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. This is the case for unlisted equity securities, contingent consideration and indemnification asset included in level 3.

During the periods mentioned above, there have been no transfers amongst the levels of hierarchy.

The carrying amounts of trade receivables, cash and bank balances, other bank balances, non-current loans, current loans, trade payables and other current financial liabilities are considered to be approximately equal to the fair value.

4.2 Financial risk management

The Company''s principal financial liabilities comprise deposits, trade and other payables. The main purpose of these financial liabilities is to finance the Company''s operations. The Company''s principal financial assets include current loans, trade and other receivables, and cash and cash equivalents that derive directly from its operations. The Company also holds FVTPL investments in mutual funds.

The Company is exposed to credit risk, market risk and liquidity risk. The Company''s senior management oversees the management of these risks.

A Credit risk

The company is exposed to credit risk from its operating activities (primarily for trade receivables) and from its financing activities (deposits with banks and other financial instruments).

Credit risk management

To manage credit risk, the Company follows a policy of providing 30-180 days credit to the domestic customers basis the nature of customers. The credit limit policy is established considering the current economic trends of the industry in which the company is operating.However, the trade receivables are monitored on a periodic basis for assessing any significant risk of non-recoverability of dues and provision is created accordingly.

Bank balances are held with only high rated banks and majority of other security deposits are placed majorly with government agencies/public sector undertakings.

B Liquidity risk

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at a reasonable price. For the Company, liquidity risk arises from obligations on account of financial liabilities - trade payables and other financial liabilities.

Liquidity risk management

The Company''s management is responsible for liquidity and funding as well as settlement management. In addition, processes and policies related to such risks are overseen by senior management. Management monitors the Company''s net liquidity position through rolling forecasts on the basis of expected cash flows.

C Market risk

(i) Foreign currency risk

The Company is not exposed to foreign exchange risk as there is no receivable and payables in foreign currency.

(ii) Price Risk

The company is exposed to price risk from its investment in mutual fund classified in the balance sheet at fair value

To manage its price risk arising from the investment, the Company has invested in the mutual fund after considering the risk and return profile of the mutual funds i.e. the debt profile of the mutual fund indicates that the debt has been given to creditworthy banks and other institutional parties and equity investment is made after considering the performance of the stock. However, the entity being risk averse has opted to invest its substantial funds in debt oriented mutual funds.

4.3 Capital Management Risk management

The company''s objectives when managing capital are to

• safeguard their ability to continue as a going concern, so that they can continue to provide returns for shareholders and benefits for other stakeholders, and

• maintain an optimal capital structure to reduce the cost of capital.

4.6 Employee benefits

As per Indian Accounting Standard-19 ''Employee Benefits'', the disclosure of Employee benefits as defined in the Standard are given below:

Brief description of the plans:

The Company has various schemes for employee benefits such as provident fund, gratuity and superannuation. In case of funded schemes, the funds are administered through trustees/ appropriate authorities. The Company''s defined contribution plans are superannuation and provident fund as the Company has no further obligation beyond making the contributions. The Company''s defined benefit plans consists of gratuity. The employees of the Company are entitled to compensated absences as per the Company''s policy.

4.10 Contractual liabilities

All contractual liabilities connected with business operations of the Company have been appropriately provided for.

4.11 Realisations

In the opinion of the Board and to the best of its knowledge and belief, the value on realisation of current assets, loans and advances, will in the ordinary course of business be not less than the amounts at which they are stated in the Balance Sheet.

4.12 Transfer pricing

The Management is of the opinion that its transactions are at arm''s length so that the aforesaid legislation will not have any impact on the financial statements, particularly on the amount of tax expense and that of provision for tax.

4.13 Segment Reporting

As per para 12 of Ind AS 108,two or more operating segments may be aggregated into a single operating system if aggregation is consistent with the core principle of this Ind AS, the segments have similar economic characteristics, and the segments are similar in each of the following respects:

a) the nature of the products and services

b) the nature of the production process

c) the type or class of customers for their products and services

d) the methods used to distribute their products or provide their services

e) if applicable,the nature of their regulatory environment

The company has only one reporting segment, hence Segment reporting is not applicable.

4.14 The management carried out its own assessment towards future business plan, interest, ability and liquidity to run the busienss activities and management is confident that the going concern of the business activity has not impacted.

4.15 The company has not advanced or loaned or invested any funds (either from borrowed funds or share premium or any other sources or kind of funds) to or in any other person(s) or entity(ies), 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 by or on behalf of the Company ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

4.16 The Company does not have a working capital limit in excess of Rs 5 crore sanctioned by banks based on the security of current assets. The quarterly returns/statements, in respect of the working capital limits have been filed by the Company with such banks and such returns/statements are in agreement with the books of account of the Company for the respective periods which were subject to audit/review.

4.17 Amounts in the financial statements are rounded off

4.18 Previous year figures have been regrouped and restated to conform to the classification of current year to the extent necessary.

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Mar 31, 2024

p. Provisions and Contingent Liabilities_

Provisions are recognised when the company has a present legal or constructive obligation as a result of past events, it is
probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated.
Provisions are not recognised for future operating losses.

Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present
obligation at the end of the reporting period. The discount rate used to determine the present value is a pre-tax rate that reflects
current market assessments of the time value of money and the risks specific to the liability. The increase in the provision due
to the passage of time is recognised as interest expense.

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be
confirmed only by the occurrence or non occurrence of one or more uncertain future events not wholly within the control of
the Company or a present obligation that arises from past events where it is either not probable that an outflow of resources
will be required to settle or a reliable estimate of the amount cannot be made.

q. Earnings per share_

Basic earnings per share are calculated by dividing the net profit or loss (excluding other comprehensive income) for the year
attributable to equity shareholders by the weighted average number of equity shares outstanding during the year. The weighted
average number of equity shares outstanding during the year is adjusted for events such as bonus issue, bonus element in a
right issue, shares split and reserve share splits (consolidation of shares) that have changed the number of equity shares
outstanding, without a corresponding change in resources. For the purpose of calculating diluted earnings per share, the net
profit or loss (excluding other comprehensive income) for the year attributable to equity share holders and the weighted
average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares.

r. Post-sale-client support and warranties_

The Company provides its clients with a fixed-period warranty for corrections of errors and support on all its fixed-price, fixed¬
time frame contracts. Costs associated with such support services are accrued at the time when related revenues are recorded
and included in the Statement of Profit and Loss.

s. Cash flow statement

For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, deposits held
at call with financial institutions, other short-term, highly liquid investments with original maturities of three months or less
that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value, and
bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities in the balance sheet.

Cash flows are reported using indirect method, whereby profit before tax is adjusted for the effects of transactions of 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. Cash flows are reported using indirect method, whereby profit before tax is
adjusted for the effects of transactions of 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.

t. Critical estimates and judgements_

The preparation of Financial Statements in conformity with Ind AS which requires management to make estimates,
assumptions and exercise judgement in applying the accounting policies that affect the reported amount of assets, liabilities
and disclosure of contingent liabilities at the date of financial statements and the reported amounts of income and expenses
during the year.

The Management believes that these estimates are prudent and reasonable and are based upon the Management’s best
knowledge of current events and actions. Actual results could differ from these estimates and differences between actual
results and estimates are recognised in the periods in which the results are known or materialised.

This note provides an overview of the areas that involved a higher degree of judgement or complexity, and of items which are
more likely to be materially adjusted due to estimates and assumptions turning out to be different than those originally
Defined benefit obligation

The cost of post-employment benefits is determined using actuarial valuations. The actuarial valuation involves making
assumptions about discount rates, expected rate of return on assets, future salary increases and mortality rates. Due to the long
term nature of these plans such estimates are subject to significant uncertainty._

I. Fair value hierarchy

The fair values of the financial assets and liabilities are included at the amount that would be received to sell an asset or paid to transfer a liability in an
orderly transaction between market participants at the measurement date.

This section explains the judgements and estimates made in determining the fair values of the financial instruments that are (a) recognised and measured
at fair value and (b) measured at amortised cost and for which fair values are disclosed in the financial statements. To provide an indication about the
reliability of the inputs used in determining fair value, the group has classified its financial instruments into the three levels prescribed under the
accounting standard. An explanation of each level follows underneath the table.

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices. For example, listed equity instruments that have quoted market
price.

Level 2: The fair value of financial instruments that are not traded in an active market (for example, traded bonds, over-the- counter derivatives) is
determined using valuation techniques which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If all
significant inputs required to fair value an instrument are observable, the instrument is included in level 2.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. This is the case for
unlisted equity securities, contingent consideration and indemnification asset included in level 3.

Note:

During the periods mentioned above, there have been no transfers amongst the levels of hierarchy.

The carrying amounts of trade receivables, cash and bank balances, other bank balances, non-current loans, current loans, trade payables and other
current financial liabilities are considered to be approximately equal to the fair value.

3.22 Financial risk management

The Company’s principal financial liabilities comprise deposits, trade and other payables. The main purpose of these financial liabilities is to finance
the Company’s operations. The Company’s principal financial assets include current loans, trade and other receivables, and cash and cash equivalents
that derive directly from its operations. The Company also holds FVTPL investments in mutual funds.

The Company is exposed to credit risk, market risk and liquidity risk. The Company’s senior management oversees the management of these risks.

A Credit risk

The company is exposed to credit risk from its operating activities (primarily for trade receivables) and from its financing activities (deposits with banks
and other financial instruments).

Credit risk management

To manage credit risk, the Company follows a policy of providing 30-180 days credit to the domestic customers basis the nature of customers. The
credit limit policy is established considering the current economic trends of the industry in which the company is operating.

However, the trade receivables are monitored on a periodic basis for assessing any significant risk of non-recoverability of dues and provision is created
accordingly.

Bank balances are held with only high rated banks and majority of other security deposits are placed majorly with government agencies/public sector
undertakings.

B Liquidity risk

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at a reasonable price. For the Company,
liquidity risk arises from obligations on account of financial liabilities - trade payables and other financial liabilities.

Liquidity risk management

The Company’s management is responsible for liquidity and funding as well as settlement management. In addition, processes and policies related to
such risks are overseen by senior management. Management monitors the Company’s net liquidity position through rolling forecasts on the basis of

(i) Foreign currency risk

The Company is not exposed to foreign exchange risk as there is no receivable and payables in foreign currency.

(ii) Price Risk

The company is exposed to price risk from its investment in mutual fund classified in the balance sheet at fair value of profit and loss

To manage its price risk arising from the investment, the Company has invested in the mutual fund after considering the risk and
return profile of the mutual funds i.e. the debt profile of the mutual fund indicates that the debt has been given to creditworthy
banks and other institutional parties and equity investment is made after considering the performance of the stock.. However, the
entity being risk averse has opted to invest its substantial funds in debt oriented mutual funds.

3.23 Capital Management
Risk management

The company’s objectives when managing capital are to

• safeguard their ability to continue as a going concern, so that they can continue to provide returns for shareholders and
benefits for other stakeholders, and

• maintain an optimal capital structure to reduce the cost of capital.

3 30 Contractual liabilities

All contractual liabilities connected with business operations of the Company have been appropriately provided for.

3.31 Realisations_

In the opinion of the Board and to the best of its knowledge and belief, the value on realisation of current assets, loans and
advances, will in the ordinary course of business be not less than the amounts at which they are stated in the Balance Sheet.

3.32 Transfer pricing_

The Management is of the opinion that its transactions are at arm’s length so that the aforesaid legislation will not have any
impact on the financial statements, particularly on the amount of tax expense and that of provision for tax.

3.33 Segment Reporting

As per para 12 of Ind AS 108,two or more operating segments may be aggregated into a single operating system if
aggregation is consistent with the core principle of this Ind AS, the segments have similar economic characteristics, and the
segments are similar in each of the following respects:

a) the nature of the products and services

b) the nature of the production process

c) the type or class of customersfor their products and services

d) the methods used to distribute their products or provide their services

e) if applicable,the nature of their regulatory environment

The company has only one reporting segment, hence Segment reporting is not applicable.

3.34 The management carried out its own assessment towards future business plan, interest, ability and liquidity to run the
busienss activities and management is confident that the going concern of the business activity has not impacted.

³.³⁵ The company has not advanced or loaned or invested any funds (either from borrowed funds or share premium or any other
sources or kind of funds) to or in any other person(s) or entity(ies), 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 by or on behalf of the Company (“Ultimate Beneficiaries”) or
provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

3.36 The Company does not have a working capital limit in excess of Rs 5 crore sanctioned by banks based on the security of
current assets. The quarterly returns/statements, in respect of the working capital limits have been filed by the Company with
such banks and such returns/statements are in agreement with the books of account of the Company for the respective periods
which were subject to audit/review.

3.37 Amounts in the financial statements are rounded off to meet thousands._

3.38

Previous year figures have been regrouped and restated to conform to the classification of current year to the extent necessary

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Mar 31, 2015

1. Corporate information:

Ador Multiproducts Limited ( "the Company") is a public limited company domiciled in India and is listed on the Bombay Stock Exchange [BSE]. CIN is L85110KA1948PLC000545.

The Company is engaged primarily in the business of manufacturing of Personal Care Products and Trading in Welding equipments & consumables.

The Company's registered office is in Bengaluru and branches at Puducherry & Chennai.

2. Share capital:

The Company has a class of shares, referred to as equity shares, having a par value of Rs.10, per share. Each holder of equity shares is entitled to one vote per share.

The shareholders' right to dividend and other matters are governed by the Articles of Association of the Company and the Companies Act, 2013

In the event of liquidation of the Company, the equity shareholders are eligible to receive remaining assets of the Company, after distribution of all preferential amounts, in proportion to their shareholding.

As informed by the company, the above share holding represent both legal and beneficial ownership of shares.

(i) As on the balance sheet date,

(a) The Company did not issue any equity shares as fully paid equity shares pursuant to contracts without payment being received in cash & and also

(b) The Company did not issue any fully paid bonus shares,

(ii) The Company also did not buy back any equity shares as on the balance sheet date.

3. Share warrants

During year the Company has issued 2,50,000 share warrants of Rs. 16.50 to promoters on a preferential basis.

(i) Issue/conversion of equity shares:

During the year, the Company had issued 1,24,500 equity shares of Rs. 10/- each at a premium of Rs. 6.50/- against warrants conversion allotted to promoters on a preferential basis. These shares are ranking pari-passu with the old equity shares of the Company.

(ii) 125500 share warrants of Rs. 16.50, each partly paid (Each warrant carry/option entitlement to one equity share of Rs.10/- each at premium of Rs. 6.50 convertible within eighteen months, on which 25% has been paid.

4. Operating Lease

a. The Company has executed lease agreements under operating leases, which are not non-cancellable and are renewable by mutual consent on mutually agreeable terms. Lease rental payments of Rs.4,57,180(Pr.Yr Rs. 4,97,370) made by the Company are recognized in the Statement of Profit & Loss.

5. Disclosure under the Micro, Small and Medium Enterprises Development Act, 2006:

The Company is in the process of compiling relevant information relating to Micro, Small and Medium Enterprises (MSME). Since the relevant information is not available, no disclosures have been made in the financial statements. However, in the opinion of the management, the impact of interest, if any, that may be payable in accordance with the provisions of MSMED Act, 2006, is not expected to be material.

6. Foreign Currency earnings and expenditure:

(i) Income in foreign currency:

The Company has not exported any goods and not earned any foreign currency income during the year

(ii) Expenditure in foreign currency:

The Company did not incurred any foreign currency expenditure during the year.

7. Related party transactions:

Disclosures as per Accounting Standard 18, transactions with the related party are given below:

Sl Name of the related party Relationship no.

1 J.B Advani and Company Private Limitd Associate Company

2 Ador Welding Limited Associate Company

3 Ador Powertron Limited Associate Company

4 Ador Fontech Limited Associate Company

Key management personnel :

1 Mr. Deep A Lalvani Chairman

2 Sriee. Aneetha M Company Secretary

8. During the year, the Company has adopted estimated useful life as stipulated in the schedule II to the Companies Act, 2013. Accordingly, depreciation of Rs. 5,28,861/- on account of assets whose useful life is already exhausted as on 01/04/2014 and deferred tax of Rs. 1,71,589/- thereon have been adjusted to General reserve.

9. Defind contribution scheme - Superannuation fund

The Company has contributed to superannuation fund year on year. Hence, no further liability accrues to the Company on this account. Cumulative defined benefit obligation of compensated absence (unfunded) amounts to 4,10,210/-

10. Contractual liabilities:

In the opinion of the Management, all other contractual liabilities connected with the business operations of the Company have been appropriately provided for.

11. Contingent liabilities and Commitments:

a) Guarantees given by the banks on behalf of the Company Rs. 3.20 lakhs (Pr. Yr Rs. 3.05 lakhs)

b) Uncalled liability on partly paid shares of South Zone Paper Distributors Limited : Rs. 800 (Pr.Yr Rs. 800)

12. Segment reporting:

a) Segment policies:

Revenues and identifiable operating expenses in relation to the segments are categorized based on items that are individually identifiable to that segment. In case where the management believes it is not practical to provide disclosure relating to some expenses, then these expenses are separately disclosed as 'unallocated' and adjusted against the total income of the Company.

b) Business segments:

For management reporting purpose, the Company is organized into two major operating segments-

i) Manufacturing of personal care products and job work thereon

ii) Trading of welding equipments and accessories

The above segments have been identified taking into account the organization structure as well as the differing risks and returns of these segments.

c) The accounting policies adopted for segment reporting are in line with the accounting policies adopted by the Company for the purpose of these financial statements

d) In the opinion of the Company, all revenues are from India and hence, it has only one geographical segment. Accordingly secondary segment is not applicable.

13. Figures in the financial statements are rounded off to the nearest rupee.

14. Previous year's figures have been recaust/restated.

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Mar 31, 2014

1.01:Share capital:

The Company has a class of shares, referred to as equity shares, having a par value of Rs.10/- per share. Each holder of equity shares is entitled to one vote per share.

The shareholders'' right to dividend and other matters are governed by the Articles of Association of the Company and the Companies Act, 1956

In the event of liquidation of the Company, the equity shareholders are eligible to receive remaining assets of the Company, after distribution of all preferential amounts, in proportion to their shareholding.

As informed by the company, the above share holding represent both legal and beneficial ownership of shares.

(d) (i) As on the balance sheet date,

(a) The Company did not issue any equity shares as fully paid equity shares pursuant to contracts without payment being received in cash and also

(b) The Company did not issue any fully paid bonus shares,

(ii) The Company also did not buy back any equity shares as on the balance sheet date.

(e) Issue/conversion of equity shares:

As on the date of this Balance sheet, the Company has not issued any securities like Convertible Preference Shares, Convertible debentures, etc., which are convertible into equity /preference shares.

2.01 Deferred tax:

Deferred tax is recognised, subject to the consideration of prudence in respect of deferred tax, on timing difference, being the difference between taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

2.2. Operating Lease

a. The Company has executed lease agreements under operating leases, which are not non-cancellable and are renewable by mutual consent on mutually agreeable terms. Lease rental payments of Rs.4,97,370 (Pr.Yr Rs.5,43,911) made by the Company are recognized in the Statement of Profit & Loss.

2.3. Contingent liabilities and Commitments:

a) Guarantees given by the banks on behalf of the Company Rs.3.05 lakhs (Pr. Yr Rs.3.05 lakhs)

b) Uncalled liability on partly paid shares of South Zone Paper Distributors Limited :Rs.800 (Pr.Yr Rs. 800)

2.4. Disclosure under the Micro, Small and Medium Enterprises Development Act, 2006:

The Company is in the process of compiling relevant information relating to Micro, Small and Medium Enterprises (MSME). Since the relevant information is not available, no disclosures have been made in the financial statements. However, in the opinion of the management, the impact of interest, if any, that may be payable in accordance with the provisions of MSMED Act, 2006, is not expected to be material.

2.5 Export earnings/payments:

(i) The Company has not exported any goods during the year nor earned any foreign income during the year ( Pr. Yr. Nil ) (ii) Expenditure in foreign currency earnings and payments

(a) The Company did not made any payments in Foreign Currency during the year.

2.6. Related party transactions: Disclosures as per Accounting Standard 18:

1. Names of related parties and description of relationship with the Company:

a) Associate Companies : J B Advani and Company Private Limitd, Ador Welding Limited,

Ador Powertron Limited and Ador Fontech Limited

b) Key managerial personnel : Mr. Deep A. Lalvani, Chairman, Ador Multiproducts Limited

2.7 A sum of Rs.32,21,625 was received from J B Advani and Company Private Limited, the promoter towards issue of 400,000 share warrants of the face value of Rs. 10, each, at a premium of Rs. 6/50, per share warrant, on preferential basis. Since necessary approvals was not received before the close of the year, the share warrants were not issued. The amount has been refunded after the balance sheet date.

2.8 Defind contribution scheme - Superannuation fund

The Company has contributed to superannuation fund year on year. Hence, no further liability accrues to the Company on this account. Cumulative defined benefit obligation of compensated absence (unfunded) amounts to Rs.3,80,400/-

2.9 In the opinion of the Management, all other contractual liabilities connected with the business operations of the Company have been appropriately provided for.

2.10. Segment reporting:

a) Segment policies:

Revenues and identifiable operating expenses in relation to the segments are categorized based on items that are individually identifiable to that segment. In case where the management believes it is not practical to provide disclosure relating to some expenses, then these expenses are separately disclosed as ''unallocated'' and adjusted against the total income of the Company.

b) Business segments:

For management reporting purpose, the Company is organized into two major operating segments- i) Manufacturing of personal care products and job work thereon

ii) Trading of welding equipments and accessories

The above segments have been identified taking into account the organization structure as well as the differing risks and returns of these segments.

c) The accounting policies adopted for segment reporting are in line with the accounting policies adopted by the Company for the purpose of these financial statements

d) In the opinion of the Company, all revenues are from India and hence, it has only one geographical segment. Accordingly secondary segment is not applicable.

2.11 Figures in the financial statements are rounded off to the nearest rupee.

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Mar 31, 2013

1.1 Operating Lease:

a. The Company has executed lease agreements under operating leases, which are not non-cancellable and are renewable by mutual consent on mutually agreeable terms. Lease rental payments of Rs.5,74,800/- (Pr.Yr. Rs.4,93,950/-) made by the Company are recognized in the Statement of Profit and Loss.

b. Lease rental payables:

1.2 Contingent liabilities and commitments:

a) Guarantees given by the banks on behalf of the Company - Rs.3.05 lakhs (Pr.Yr Rs.0.95 lakhs)

b) Uncalled liability on partly paid shares of South Zone Paper Distributors Limited : Rs.800/- (Pr.Yr Rs.800/-)

1.3 Disclosure under the Micro, Small and Medium Enterprises Development Act, 2006:

The Company is in the process of compiling relevant information relating to Micro, Small and Medium Enterprises (MSME). Since the relevant information is not available, no disclosures have been made in the financial statements. However, in the opinion of the management, the impact of interest, if any, that may be payable in accordance with the provisions of MSMED Act, 2006, is not expected to be material. .

1.4 Export earnings:

The Company has not exported any goods during the year nor earned any foreign income during the year (Pr. Yr. Rs. Nil)

1.5 Related party transactions : Disclosures as per Accounting Standard 18:

1. Names of related parties and description of relationship with the Company:

a. Associates Companies : J B Advani and Company Private Limited, Ador Welding Limited,

Ador Powertron Limited and Ador Fontech Limited

b. Key managerial personnel: Mr. Deep A. Lalvani, Chairman, Ador Multiproduct Limited

* figures in brackets represent previous year''s amount.

The above information is as certified by the Actuary,

b. Compensated absences

Cumulative defined benefit obligation of compensated absence (unfunded) amounts to 72,88,274/-.

1.6 Defined contribution scheme

The Company has contributed to superannuation fund year on year. Hence, no further liability accrues to the Company on this account.

1.7 All other contractual liabilities connected with the business operations of the Company have been appropriately provided for.

1.8 In the opinion of the Board and to the best of its knowledge and belief, the value on the realization of current assets, loans and advances, will in the ordinary course of its business, not be less than the amounts at which they are stated in the Balance Sheet.

1.9 Segment reporting:

a) Segment policies:

Revenues and identifiable operating expenses in relation to the segments are categorized based on items that are individually identifiable to that segment. In case where the management believes it is not practical to provide disclosure relating to some expenses, then these expenses are separately disclosed as ''unallocated'' and adjusted against the total income of the Company.

b) Business segments: .

For management reporting purpose, the Company is organized in to two major operating segments:

i) Manufacturing of personal care products and job work thereon.

ii) Trading of welding equipment and accessories.

The above segments have been identified taking in to account the organization''s structure as well as the differing risks and returns of these segments.

d) In the opinion of the Company all revenues are from India and hence, it has only one geographical segment. Accordingly secondary segment is not applicable.

1.10 Figures in the financial statements are rounded off to the nearest rupee.

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Mar 31, 2012

Basis of preparation of the financial statements:

These financial statements are prepared under the historical cost basis of accounting and evaluated on a going concern basis, with revenues recognized and expenses accounted for on their accrual to comply in all material aspects with the applicable accounting principles, the applicable Accounting Standards notified u/s. 211 (3C) of the Companies Act, 1956, other relevant provisions of the Companies Act, 1956 and the guidelines issued by the Securities and Exchange Board of India (SEBI).

Use of estimates:

The preparation of financial statements requires estimates and assumptions to be made that affect the reported balances of assets on the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Accounting estimates could change from period to period. Actual results could differ from these estimates. Appropriate changes in estimates are made as and when the Management becomes aware of changes in the circumstances surrounding the estimates. Changes in estimates are reflected in the financial statements in the period in which the changes are made and if material, their effects are disclosed in the notes to the financial statements. The following significant accounting policies adopted in the preparation and presentation of these financial statements are:

Note 1: Notes on financial statements:

The financial statements for the year ended March 31,2011 had been prepared as per the then applicable pre-revised Schedule VI of the Companies Act, 1956. Consequent to the notification of the revised Schedule VI under the Companies Act, 1956, the financial statements for the year ended March 31,2012 are prepared as per the Revised Schedule VI. Accordingly, the previous year figures have also been re-classified to conform to this year's classification. The adoption of the Revised VI for the previous year's figures does not impact recognition and measurement principles followed for the preparation of these financial statements.

1.1: Share capital:

The Company has a class of shares, referred to as equity shares, having a par value of 710, per share. Each holder of equity shares is entitled to one vote per share.

1.1 (d) (i) As on the balance sheet date,

(a) The Company did not issue any equity shares as fully paid equity shares pursuant to contracts without payment being received in cash & and also

(b) The Company did not issue any fully paid bonus shares,

(ii) The Company also did not buy back any equity shares as on the balance sheet date.

1.1 (e) Issue/conversion of equity shares:

As on the date of the Balance sheet of March 31,2012 the Company has not issued any securities like Convertible Preference Shares, Convertible debentures, etc., which are convertible into equity /preference shares. However, share warrants outstanding as at March 31, 2011 were converted to equity shares during the year.

1.1 (f) Every shareholder is entitled to one vote for each equity share held. The shareholders right to dividend and other matters are governed by the Articles of Association of the company and companies Act, 1956.

The Company does not have any outstanding diluted potential equity shares as at March 31, 2012.Consequently, the basic and diluted earnings per share of the Company remain the same as at March 31, 2012. The Company had outstanding potential equity shares as at March 31, 2011 and hence had basic and diluted earnings per share, as above, for FY 2010-11.

1.2 Operating Lease:

The Company has executed lease agreements under operating leases, which are not non-cancellable and are renewable by mutual consent on mutually agreeable terms. Lease rental payments of Rs493,950 (Pr.yr 7480,000) made by the Company are recognized in the Statement of Profit & Loss.

1.3. Contingent liabilities and Commitments:

a) Guarantees given by the banks on behalf of the Company - Rs 0.95 lakhs (Pr. Yr 7 0.95 lakhs)

b) Uncalled liability on partly paid shares of South Zone Paper Distributors Limited: Rs 800 (Pr. Yr Rs 800)

1.4. Disclosure under the Micro, Small and Medium Enterprises Development Act, 2006:

The Company is in the process of compiling relevant information relating to Micro, Small and Medium Enterprises (MSME). Since the relevant information is not available, no disclosures have been made in the financial statements. However, in the opinion of the Management, the impact of interest, if any, that may be payable in accordance with the provisions of MSMED Act, 2006, is not expected to be material.

1.5 Export earnings:

The Company has not exported any goods during the year nor earned any foreign income during the year [Pr. yr. Rs. Nil]

1.6. Related party transactions: Disclosures as per Accounting Standard 18:

Names of related parties and description of relationship with the Company:

A. Associates Companies: J B Advani & Company Private Limited, Ador Welding Limited,

Ador Fontech Limited and Ador Powertron Limited

B. Key managerial personnel: Mr. Deep A. Lalvani, Chairman, Ador Multiproduct Limited

C. Relative of key managerial personnel: Ms. Reshma A. Lalvani

1.7. Purchase of traded goods constitutes purchases of welding electrodes and accessories.

1.8. All other contractual liabilities connected with the business operations of the Company have been appropriately provided for.

1.9. In the opinion of the Board and to the best of its knowledge and belief, the value on the realization of current assets, loans and advances, will in the ordinary course of its business, not be less than the amounts at which they are stated in the balance sheet

1.10. Segment reporting:

a) Segment policies:

Revenues and identifiable operating expenses in relation to the segments are categorized based on items that are individually identifiable to that segment In cases where the management believes it is not practical to provide disclosure relating to some expenses, then these expenses are separately disclosed as 'unallocated' and adjusted against the total income of the Company.

b) Business segments:

For Management reporting purposes, the Company is organized into two major operating segments -

i) Manufacturing of persona) care products and job work thereon

ii) Trading of welding equipments and accessories

The above segments have been identified taking into account the organization structure as well as the differing risks and returns of these segments.

c) The accounting policies adopted for segment reporting are in line with the accounting policies adopted by the Company for the purpose of these financial statements.

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Mar 31, 2011

1. Micro, Small and Medium Enterprises Development Act, 2006:

Under the Micro, Small and Medium Enterprises Development Act, 2006, read with Notification no. 9/7/2006-CDN dt 17.05.2007, certain disclosures are required to be made relating to Micro, Small and Medium Enterprises. The Company is in the process of compiling relevant information in this regard. Since the relevant information is not available, no disclosures have been made in the accounts. However, in the view of the Management, the impact of interest, if any, that may be payable in accordance with the provisions of this Act is not expected to be material.

2. The Company has not exported any goods during the year nor earned any foreign income during the year.

3. Related party Disclosures:

a Holding companies : Nil

b. Subsidiary companies : Nil

c. Associate companies : J.B. Advani & Company Private Limited (JBA)

Ador Welding Limited ( AWL )

d. Key management personnel: Mr. Deep A. Lalvani

4. Leases:

The Company has entered into cancelable operating lease with an option to renew in respect of certain official premises. The expenditure incurred thereon is charged to Profit and loss account amounting to Rs. 4,80,000/- (Previous year Rs. 4,83,070/-)

5. Disclosure as per AS 15 - Revised

Defined Benefit Plans -

a. Gratuity is applicable to all permanent and full time employees of the Company. Gratuity paid out is based on the last drawn basic salary and dearness allowance at the time of termination or retirement. The Company recognizes actuarial gains and losses as and when the same arise. Based on actuarial valuation, the charge in respect of the same is taken to the Profit and loss account.

b. Contribution to Super Annuation Fund it is a defined contribution scheme and hence no further liability arise to the Company on this account.

c. Defined benefits obligations of compensated absence (unfunded) amount to Rs. 3,62,701/- as at March 31, 2011.

6. Contingent liabilities: (Rs. In lakhs)

As at 31.03.2011 As at 31.03.2010

a. Counter guarantees to banks for guarantees given by the Banks on behalf of the Company 0.95 0.95

b. Uncalled liability on partly paid up shares 0.01 0.01

c. Capital commitment 0.00 9.00

7. a. Loans and advances includes Rs. 8,82,635/- (Pr. Year Rs. 14,99,855) due from certain ex-employees of the Company on whom legal action has been initiated, which, in the opinion of management, are fully recoverable.

b. Sundry debtors includes Rs. 10,31,165/- representing dues from certain parties on whom legal action has been initiated, which in the opinion of the management are fully recoverable.

8. Previous years figures are re-grouped / re-classified, wherever necessary to confirm to the current years classification. Figures in brackets, shown in the account indicate negatives values.

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Mar 31, 2010

1. Micro, Small and Medium Enterprises Development Act, 2006:

Under the Micro, Small and Medium Enterprises Development Act, 2006, read with Notification no. 9/7/2006-CDN dt 17.05.2007, certain disclosures are required to be made relating to Micro, Small and Medium Enterprises. The Company is in the process of compiling relevant information in this regard. Since the relevant information is not available, no disclosures have been made in the accounts. However, in the view of the Management, the impact of interest, if any, that may be payable in accordance with the provisions of this Act is not expected to be material.

2. The Company has not directly exported any goods during the year nor earned any foreign income during the year.

3. Related party Disclosures:

a. Enterprises over which key management personnel and their relatives exercise significant control. (i) Ador Welding Limited

(ii) Ador Fontech Limited (iii) Ador Powertron Limited

b. The following are the volume of transactions with related parties during the year and outstanding balances as at the year end disclosed in aggregate:

4. Leases:

The Company has entered into cancelable operating lease with an option to renew in respect of certain official premises. The expenditure incurred thereon is charged to Profit and loss account amounting to Rs. 4,83,070/- (Previous year Rs. 3,95,569/-)

5. Disclosure as per AS 15 - Revised

Defined Benefit Plans -

a. Gratuity is applicable to all permanent and full time employees of the Company. Gratuity paid out is based on the last drawn basic salary and dearness allowance at the time of termination or retirement. The Company recognizes actuarial gains and losses as and when the same arise. Based on actuarial valuation, the charge in respect of the same is taken to the Profit and loss account.

6. Contingent liabilities: (Rs. In lakhs)

As at 31.03.2010 As at 31.03.2009

1 a. Counter guarantees to banks for guarantees given by the

Banks on behalf of the Company 0.95 0.95

b. Uncalled liability on partly paid up shares 0.01 0.01

c. Capital commitment 9.00 0.00

7. a. Loans and advances includes Rs. 14,99,855/- (Pr. Year Rs. 14,99,855) due from certain ex-employees of the Company on whom legal action has been initiated, which, in the opinion of management, are fully recoverable.

b. Sundry debtors includes Rs. 10,31,166/- representing dues from certain parties on whom legal action has been initiated, which in the opinion of the management are fully recoverable.

8. Previous years figures are re-grouped / re-classified, wherever necessary to confirm to the current years classification. Figures in brackets, shown in the account indicate negatives values.