Notes to Accounts of Shraddha Prime Projects Ltd.

Mar 31, 2023

The Company has issued one class of ordinary shares at par value of Rs.10 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting except in the case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential accounts, in proportion to their shareholding.

^A Director loan was taken during the financial year 2022-23 and is borrowed at zero rate of interest. The loan from director is repayable on demand and is used for daily operations of the company.

# Inter-corporate loan was taken during the financial year 2022-23 and carries interest @ 14.5% p.a. The Intercorporate Loan is repayable on demand and is used for the daily operations of the business.

Note: Steps have been taken to identify the suppliers who qualify under the definition of micro and small enterprises, as defined under the Micro, Small and Medium Enterprises Development Act 2006. Since no intimation has been received from the suppliers regarding their status under the said Act as at 31st March 2023, disclosures relating to amounts unpaid as at the year end, if any, have not been furnished. In the opinion of the management, the impact of interest, if any,that may be payable in accordance with the provisions of the Act, is not expected to be material.

The financial instruments are categorized into three levels based on the inputs used to arrive at fair value measurements as described below:

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities;

Level 2: Inputs other than the quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

Level 3: Inputs based on unobservable market data.

Valuation Methodology :

All financial instruments are initially recognized and subsequently re-measured at fair value as described below:

a) Fair valuation of Financial Assets and Liabilities with short-term maturities is considered as approximate to respective carrying amount due to the Short Term maturities of these Instrument.

b) The fair value is determined by using the valuation model/technique with observable inputs and assumptions.

c) The fair value of Forward Foreign Exchange contracts is determined using observable forward exchange rates and yield curves at the balance sheet date.

d) All foreign currency denominated assets and liabilities are translated using exchange rate at reporting date.

e) The fair value of the remaining financial instruments is determined using discounted cash flow analysis.

Financial Risk Management

The company’s activities expose it to a variety of financial risks:interest rate risk, credit risk and liquidity risk. The company’s overall risk management strategy seeks to minimise adverse effects from the unpredictability of financial markets on the company’s financial performance.

Interest rate risk

Interest rate risk primarily arises from floating rate borrowings. The Company do not have any borrowings, hence the management of the company considers interest rate risk as immaterial.

Credit risk

Credit Risk is the risk that a customer or counterparty to a Financial Instrument fails to perform or pay the amounts due causing financial loss to the Company. Credit Risk arises from Company’s outstanding receivables from Customers.

The Company’s exposure to Credit Risk is influenced mainly by the individual characteristics of each Customer. Credit Risk is managed through credit approvals, establishing credit limits and continuously monitoring the creditworthiness of the Customers, to whom the Company grants credit in accordance with the terms and conditions and in ordinary course of its business.

The Company monitors each Loan and advance given and makes any specific provision, as and when required.

The Company establishes an allowance for impairment that represents its estimate of expected losses in respect of Trade Receivables and Loans and Advances.

Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The Company manages its liquidity risk by ensuring, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due. The Company’s finance department is responsible for fundmanagement. In addition, processes and policies related to such risks are overseen by senior management

Foreign Currency Risk

There are no foreign currency transactions, and hence there is no foreign currency risk.

Note 26

Since the tax expenses for the year ended 31.03.2023 is NIL (PY is NIL) and the deferred tax assets / liability, has been calculated as per the company’s policy.

Note 27 : Segment Reporting

Segment Information is presented in respect of the Company’s key operating segments. The operating segments are based on the Company’s Management and Internal Reporting Structure.

The Company’s Managing Director has been identified as the Chief Operating Decision Maker (‘CODM’), since he is responsible for all major decisions with respect to the preparation and execution of Business Plan, preparation of Budget, Planning, alliance, Joint Venture, Merger and Acquisition, and expansion of any new facility.

Board of Directors review the operating results of its new Line of Segment i.e. “Construction of Residential Complex/ Dwellings” business at Company level to assess its performance. Accordingly, there is only one reportable segment for the Company which is “Construction of Residential Complex/Dwellings” after the change of management.

Note 28 : Corporate Social Responsibility Expenditure (CSR)

The provisions of section 135 of Companies Act,2013 relating to expenditure on Corporate Social Responsibility are not applicable to the company, as networth/Turonver/ net Profit criteria are not achieved.

Note 29 : Contingent Liabilities & Capital Commitments

Particulars	March 31, 2023	March 31, 2022
Contingent Liabilities & Capital Commitments not provided	1,650,000	-
Estimated amount of Committed Contracts (Net of Advances)	-	-

Note 30 : Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

Note 31 :

The Company does not have any layers of companies and therefore this clause is not applicable.

Note 32 :

There are no proceedings 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.

Note 33 :

There are no transactions with the companies struck off under 248 of Companies Act, 2013 or Sec 560 of Companies Act, 1956.

Note 34 :

The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies) except as reported in financial statement, 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 beneficiaries The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) except as disclosed in financial statement 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 Funding Party (Ultimate Beneficiaries) or

b. provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

Since the company has not granted advances in the nature of loan to Holdings, subsidiary and joint venture, disclosure under clause 34(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable.

Note 37: Gratuity

The following tables summarise the components of net benefit expense recognised in the statement of profit or loss and the funded status and amounts recognised in the balance sheet for the respective plans:

It is to be noted that the company have entered into partnership agreement in accordance with Indian Partnership Act, 1932 in Shree Krishna Rahul Developers, Padhmagriha Heights and Shree Mangesh Constructions w.e.f. April 26, 2022, June 30, 2022 and July 21,2022 respectively.

Note : 40

It is to be noted that the company has made an application to raise funds through rights issue of equity shares. The Draft Letter of offer was filed and BSE approval was received for the same dated 12th May, 2023.

Note : 41

Previous year/ period have been re-grouped, reclassified to conform to current year figures.

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Mar 31, 2014

1) Segment Information

The Company has identified manufacturing and trading of Survey Instruments as its sole Primary segment. Thus the disclosure requirements as set out in Accounting Standard 17 (AS-17) "Segment Reporting" are not applicable. ''

2) Related Party Disclosures

i) Key Management Personnel

Name Relationship

O.J. Bansal Managing Director

S.J. Bansal Director

3) Capital and other commitments

Estimated amounts of contracts remaining to be executed on capital account & not provided for net of advance Rs. 1.39 lacs (Previous year Rs. 1.39 lacs)

4) The Company has made Public Issue of Equity Shares in the year 1995-96 and the total expenditure of Rs. 35.76 Lacs incurred on the said Issue has been treated as Deferred Revenue Expenditure and shown under the head of "Miscellaneous Expenditure".

5) Details of dues to micro and small enterprises as defined under the MSMED Act, 2006 Based on the information available with the Company and relied upon by the auditors, the disclosure requirement as prescribed under the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 is as under :

6) The tax effect of the carried forward loss as tax assets in accordance with the AS-22 " Accounting for Taxes on Income" has not been reckoned in the books of accounts for the year under review in view of the perception of the management that such asset may not be realized within the applicable / reasonable time limit.

7) In the opinion of the management, there are no indications, internal or external which could have the effect of impairment of the assets of the Company to any material extent as at the Balance Sheet date, which requires recognition in terms of Accounting Standard 28 (AS-28) on "Impairment of Assets".

8) Previous years figures have been regrouped and reclassified wherever necessary to be in conformity with the figures of the current year which is as per Revised schedule VI.

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Mar 31, 2013

Corporate Information

Towa Sokki Limited is a public limited company domiciled in India and incorporated under the Companies Act, 1956. Equity shares of the company are listed in Bombay Stock Exchange Ltd. in India. The Company is engaged in manufacturing and selling of Survey Instruments.

Note 1 - Basis of Accounting

i) The financial statements have been prepared under the historical cost convention in accordance with the generally accepted accounting principles to comply with the applicable Accounting Standards as prescribed under the Companies (Accounting Standards) Rules, 2006 and the relevant provisions of the Companies Act, 1956.

ii) The Company generally follows the mercantile system of accounting and recognises significant items of income and expenditure on accrual basis.

iii) Use of estimates : The preparation of financial statements in conformity with generally accepted accounting principles in India requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements.

2) Segment Information

The Company has identified manufacturing and trading of Survey Instruments as its sole Primary segment. Thus the disclosure requirements as set out in Accounting Standard 17 (AS-17) "Segment Reporting" are not applicable.

3) Capital and other commitments

Estimated amounts of contracts remaining to be executed on capital account & not provided for net of advance Rs. 1.39 lacs (Previous year Rs. 1.39 lacs)

4) The Company has made Public Issue of Equity Shares in the year 1995-96 and the total expenditure of Rs. 35.76 Lacs incurred on the said Issue has been treated as Deferred Revenue Expenditure and shown under the head of "Miscellaneous Expenditure".

5) The tax effect of the carried forward loss as tax assets in accordance with the AS-22 " Accounting for Taxes on Income" has not been reckoned in the books of accounts for the year under review in view of the perception of the management that such asset may not be realized within the applicable / reasonable time limit.

6) In the opinion of the management, there are no indications, internal or external which could have the effect of impairment of the assets of the Company to any material extent as at the Balance Sheet date, which requires recognition in terms of Accounting Standard 28 (AS- 28) on "Impairment of Assets".

7) Previous years figures have been regrouped and reclassified wherever necessary to be in conformity with the figures of the current year which is as per Revised schedule VI.

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Mar 31, 2012

Corporate Information

Towa Sokki Limited is a public limited company domiciled in India and incorporated under the Companies Act, 1956. Equity shares of the company are listed in Bombay Stock Exchange in India. The Company is engaged in manufacturing and selling of Survey Instruments.

Note 1 - Basis of Accounting

i) The financial statements have been prepared under the historical cost convention in accordance with the generally accepted accounting principles to comply with the applicable Accounting Standards as prescribed under the Companies (Accounting Standards) Rules, 2006 and the relevant provisions of the Companies Act, 1956.

ii) The Company generally follows the mercantile system of accounting and recognises significant items of income and expenditure on accrual basis.

iii) Use of estimates : The preparation of financial statements in conformity with generally accepted accounting principles in India requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements.

2) Capital and other commitments

Estimated amounts of contracts remaining to be executed on capital account & not provided for net of advance Rs. 1.39 lacs (Previous year Rs. 1.39 lacs)

3) The Company has made Public Issue of Equity Shares in the year 1995-96 and the total expenditure of Rs. 35.76 Lacs incurred on the said Issue has been treated as Deferred Revenue Expenditure and shown under the head of "Miscellaneous Expenditure".

4) The tax effect of the carried forward loss as tax assets in accordance with the AS-22 " Accounting for Taxes on Income" has not been reckoned in the books of accounts for the year under review in view of the perception of the management that such asset may not be realized within the applicable / reasonable time limit.

5) In the opinion of the management, there are no indications, internal or external which could have the effect of impairment of the assets of the Company to any material extent as at the Balance Sheet date, which requires recognition in terms of Accounting Standard 28 (AS- 28) on "Impairment of Assets".

6) Previous years figures have been regrouped and reclassified wherever necessary to be in conformity with the figures of the current year which is as per Revised schedule VI.

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Mar 31, 2011

1. Corresponding figures of the previous year have been regrouped to make them comparable with current year's figures, wherever necessary.

2. Estimated amount of contracts remaining to be executed on capital account & not provided for net of advance Rs. 1.39 lacs (Previous year Rs. 1.39 lacs).

3. The Company has made Public Issue of Equity Shares in the year 1995-96 and the total expenditure of Rs. 35.76 Lacs incurred on the said Issue has been treated as Deferred Revenue Expenditure and shown under the head of "Miscellaneous Expenditure".

4. In vieu of adjustment against carried forward losses of the Company does not expect any income tax liability for the year 2010-2011 on the profit earned during the year hence no provision for tax liability has been made on this account

5. The Company has also given advance to Shell Fincaps Pvt. Ltd. and others amounting to Rupees 18700000/- for other machineries, finance and technical know-how for the Project on Trunky basis, in respect of new project at Por-Ramangamdi, since discontinued and disposed off. The advances are unsecured and are subject to the terms of the agreement/ contract executed with them.

6. The tax effect of the carried forward loss as tax assets in accordance with the AS-22- Accounting for taxes on Income has not been reckoned in the books of accounts for the year under review in view of the perception of the management that such asset may not be realised within the applicable / reasonable time limit.

7. ADDITIONAL INFORMATION PURSUANT TO THE PROVISIONS OF PARAGRAPH 3,4C AND 4D OF PART II OF THE SCHEDULE VI TO THE COMPANIES ACT, 1956.

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Mar 31, 2010

1. Corresponding figures of the previous year have been regrouped to make them comparable with current year's figures, wherever necessary.

2. All the revenue type expenditure incurred on estwhile project at Por-Ramangamdi, Dist. Baroda, Gujarat, since discontinued & disposed off prior to commencement, has been treated & shown as "Pre-Operative Expenditure" (Pending Capitalisation) is shown under Schedule 6, Direct Capital Expenditure are shown as "Capital Work-in-Progress on New Project" under Schedule-5, net of sale / written off during the year as substantial assets already disposed off by the company during the last year.

3. Estimated amount of contracts remaining to be executed on capital account & not provided for net of advance Rs. 1.39 lacs (Previous year Rs. 1.39 lacs).

4. The Company has made Public Issue of Equity Shares in the year 1995-96 and the total expenditure of Rs. 35.76 Lacs incurred on the said Issue has been treated as Deferred Revenue Expenditure and shown under the head of "Miscellaneous Expenditure".

5. In view of adjustment against carried forward losses of the Company does not expect any income tax liability for the year 2009-2010 on the profit earned during the year hence no provison for tax liability has been made on this account

6. The Company has also given advance to Shell Fincaps Pvt. Ltd. and others ammounting to Rupees 18700000/- for other machineries, finance and techincal know-how for the Project on Trunky basis, in respect of new project at Por-Ramangamdi, since discontinued and dispossed off. The advances are unsecured and are subject to the terms of the agreement/ contract executed with them.

7. The tax effect of the carried forward loss as tax assets in accordance with the AS-22- Accounting for taxes on Income has not been reckoned in the books of accounts for the year under review in view of the perception of the management that such asset may not be realised within the applicable / reasonable time limit.