Notes to Accounts of Vivaa Tradecom Ltd.

Mar 31, 2025

p) Provision, Contingent Liability and Contingent Assets

Provisions involving substantial degree of estimation in measurements are 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 notes if any. Contingent assets are neither recognized nor disclosed
in the financial statements.

Estimated amount of contracts remaining to be executed on Capital Account and not provided for is Rs. Nil (Previous
Year Rs. Nil)

q) Accounting of Claims

a. Claims received are accounted at the time of lodgment depending on the certainly of receipt and claims
payable are accounted at the time of acceptance.

b. Claims raised by Government authorities regarding taxes and duties, which are disputed by the Company
are accounted based on legality of each claim. Adjustments, if any, are made in the year in which disputes
are finally settled.

r) Deferred revenue expenditure

Deferred revenue expenditure, for which payment has been made on liability has been raised but benefit will arise
for subsequent period or period shall be changed in profit & loss accrued in equal amount up to five years.

s) IPO EXPENSES

Expenses relates to IPO expenses under the companies act, 2013, will be amortized over a period of 5 years.

t) STATEMENT OF CASH FLOW

Cash flows are reported using the indirect method, whereby profit/loss before tax is adjusted for the effects of
transactions of non cash nature and any deferrals or accruals of past or future cash receipts or payments. Cash flow
for the year are classified by operating, investing and financing activities of the Company are segregated.

u) EARNINGS PER SHARE (EPS)

The following reflects the profit and share data used in the basic and diluted EPS computations.

3. In the opinion of Management current assets, loans & advance are stated approximately of the value if realized in
ordinary course of business unless otherwise stated. The provision of liabilities is adequate and not excess of the
amount reasonably necessary

4. The company has not received any information from the suppliers regarding their status under the micro, small and
medium enterprises Development Act, 2006 and hence disclosure, if any, relating to amounts unpaid as at the year-
end together with the interest paid/ payable as required under the said Act has not been given.

5. Balances of Sundry Creditors, Loans & Advances, Sundry Debtors and Sundry Deposits are subject to confirmations and
adjustments, if any.

6. The figures of the previous year have been regrouped and rearranged whenever necessary. Amounts in the standalone
financial statements are rounded off to nearest Lakhs. Figures in brackets indicate negative values.

7. Utilization of Borrowed Funds and Share Premium

The company has not advanced or loaned or invested funds to any other persons or entities with the understanding
that, that person/entity should invest in any other person or entity identified in any manner whatsoever by or on
behalf of the company or provided any guarantee, security, or like to or on behalf of the company.

The company has not received any amount from any other persons/entity with the understanding, whether written or
oral, that the company shall directly or indirectly invest in any other person or entity.

8. Benami Property

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

9. Willful Defaulters

The company is not declared as willful defaulter by any bank or financial institutions or other lender.

10. Relationship with struck of companies

The company has not entered into any transaction with companies struck off under section 248 of the Companies Act,
2013.

11. Contingent liability

In respect of demand/ penalty if any in respect of Pending Sales Tax/ GST /VAT/Income Tax/ Other Taxes ,if any. The
same will be accounted for in the year of actual arise demand/payment.

As per our report of even date

For Shreekant S Shah & Co. For, Vivaa Tradecom Limited

Chartered Accountants
FRN: 110177W

Mitesh Adam Sangitaben N Jain

Shreekant S Shah Managing Director Director

Partner DIN: 03279695 DIN: 01923253

M. No. 038215

UDIN:25038215BMKVYU3538

Place: Ahmedabad Jaikishan Sajnani Deepti Thepadia

Date: 19/05/2025 PAN: AHZPS0861P PAN: AEZPT2080E

CFO Company Secretary

Place: Ahmedabad Date: 19/05/2025

---

Mar 31, 2024

p) Provision, Contingent Liability and Contingent Assets

Provisions involving substantial degree of estimation in measurements are 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 notes if any. Contingent assets are neither recognized nor disclosed in the financial statements.

Estimated amount of contracts remaining to be executed on Capital Account and not provided for is Rs. Nil (Previous Year
Rs. Nil)

q) Accounting of Claims

a. Claims received are accounted at the ''me of lodgment depending on the certainly of receipt and claims payable are
accounted at the ''me of acceptance.

b. Claims raised by Government authori''es regarding taxes and du''es, which are disputed by the Company are
accounted based on legality of each claim. Adjustments, if any, are made in the year in which disputes are finally
settled.

r) Deferred revenue expenditure

Deferred revenue expenditure, for which payment has been made on liability has been raised but benefit will arise for
subsequent period or period shall be changed in profit & loss accrued in equal amount upto five years.

s) IPO Expenses

Expenses relates to IPO under the Companies Act, 2013, will be amor''zed over a period of 5 years.

t) Statement of Cash Flow

Cash flows are reported using the indirect method, whereby profit/loss before tax is adjusted for the effects of
transactions of non-cash nature and any deferrals or accruals of past or future cash receipts or payments. Cash flow for
the year are classified by operating, investing and financing activities of the Company are segregated.

3. In the opinion of Management current assets, loans & advance are stated approximately of the value if realized in ordinary
course of business unless otherwise stated. The provision of liabilities is adequate and not excess of the amount reasonably
necessary.

4. The company has not received any informa''on from the suppliers regarding their status under the micro, small and medium
enterprises Development Act, 2006 and hence disclosure, if any, rela''ng to amounts unpaid as at the year- end together with
the interest paid/ payable as required under the said Act has not been given.

5. Balances of Sundry Creditors, Loans & Advances, Sundry Debtors and Sundry Deposits are subject to confirma''ons and
adjustments, if any.

6. The figures of the previous year have been regrouped and rearranged whenever necessary. Amounts in the standalone
financial statements are rounded off to nearest Lakhs. Figures in brackets indicate nega''ve values.

7. Utilization of Borrowed Funds and Share Premium

The company has not advanced or loaned or invested funds to any other persons or entities with the understanding that,
that person/entity should invest in any other person or entity identified in any manner whatsoever by or on behalf of the
company or provided any guarantee, security, or like to or on behalf of the company.

The company has not received any amount from any other persons/entity with the understanding, whether written or oral,
that the company shall directly or indirectly invest in any other person or entity.

8. Benami Property

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

9. Willful Defaulters

The company is not declared as willful defaulter by any bank or financial ins''tu''ons or other lender.

10. Relationship with struck of companies

The company has not entered into any transaction with companies struck off under section 248 of the Companies Act, 2013.

11. Contingent liability

In respect of demand/ penalty if any in respect of Pending Sales Tax/ GST /VAT/Income Tax/ Other Taxes ,if any. The same
will be accounted for in the year of actual arise demand/payment.

As per our report of even date

For Shreekant S Shah & Co. For, Vivaa Tradecom Limited

Chartered Accountants
FRN: 110177W

Mitesh Adam Sangitaben N Jain

Shreekant S Shah Managing Director Director

Partner DIN: 03279695 DIN: 01923253

M. No.038215
UDIN: 24038215BJZZLY1583

Place: Ahmedabad Jaikishan Sajnani Swati Jigar Jain

Date: 28/05/2024 PAN: AHZPS0861P PAN: AYRPJ2795G

CFO Company Secretary

Place: Ahmedabad Date: 28/05/2024