NAVALPRABHA FOODS PRIVATE LIMITED

M-175, M.I.D.C., Bhusawal Road, Jalgaon 425003

CIN: U15122MH2012PTC229833
Contact us: [email protected]

DIRECTORS’ REPORT AND MANAGEMENT DISCLOSURE AND ANALYSIS FOR THE FINANCIAL YEAR 2022-23

To
The Members,
NAVALPRABHA FOODS PRIVATE LIMITED
(CIN: U15122MH2012PTC229833)

Your directors hereby present the Annual Report on the business and operations of the Company together with the Audited
Statement of Accounts for the year ended 31st March, 2023.

FINANCIAL HIGHLIGHTS (STANDALONE)

During the year under review, performance of your Company is as under:

Particulars Year ended 31st March, 2023 (Rs.)

Turnover 19393798.00
Other Income 665935.00
Total Income 20049733.00
Expenditure 19722657.00
Depreciation 467312.00
Profit / (Loss) before Taxation (140236.00)
Less: Current Tax 0.00
Deferred Tax 12137.00
Profit / (Loss) after Tax (128099.00)

CONSOLIDATED FINANCIAL STATEMENTS:

Company doesn’t have any subsidiaries so there is no need to prepare consolidated financial statement for the F. Y. 2022-
23.

CHANGE IN NATURE OF BUSINESS

During the year under review, there is no change in the nature of the business of the company.

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

Sr Name of Company Nature of Relationship No. of Share hold/Capital Contribution

No.
NIL

*There is no Subsidiary, Associate & LLP/Partnership of Company hence no such information is provided

DIVIDEND

The directors of your company do not recommend any dividend.

 NAVALPRABHA FOODS PRIVATE LIMITED
M-175, M.I.D.C., Bhusawal Road, Jalgaon 425003
CIN: U15122MH2012PTC229833
Contact us: [email protected]

DEPOSITS

Deposits (As per the Definition under Section 2(31) of the Companies Act, 2013)

The following details of deposits, covered under Chapter V of the act:

I. Deposits Accepted during the year: Nil

II. remained unpaid or unclaimed as at the end of the year: Nil
III. Whether there has been any default in repayment of deposits or payment of interest thereon during the year and if so,
number of such cases and the total amount involved- Nil
a. At the beginning of the year: Nil
b. Maximum during the year: Nil
c. At the end of the year: Nil
IV.The details of deposits which are not in compliance with the requirements of Chapter: Nil

EXTRACT OF ANNUAL RETURN

As required pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and
Administration) Rules, 2014, an extract of annual return in MGT 9 forms a part of this Board’s Report as ANNEXURE I.

DIRECTORS

Details of Directors:

SR. NAME OF DIN DESGNATION DATE OF RESIDENTIAL

DIRECTOR APPOINTMENT ADDRESS
NO.

1 05206737 Director 17/04/2012 Block No.6, Priyadarshini

JAYESH N. SONI Appartment
Nehru Chowk
Jalgaon 425001
2 052067378 Director 17/04/2012 Block No.6, Priyadarshini
Appartment
HARAK J. SONI Nehru Chowk
Jalgaon 425001
 NAVALPRABHA FOODS PRIVATE LIMITED
M-175, M.I.D.C., Bhusawal Road, Jalgaon 425003
CIN: U15122MH2012PTC229833
Contact us: [email protected]

MEETINGS OF THE BOARD OF DIRECTORS/COMMITTEE

The details of the meetings of the Board of Directors of the company held during the Financial Year 2021-22 have been
detailed below:

Sr. No. Date of Board Meeting No. of Director Present in the Meeting

1. 05/04/2022 All Directors were Present

2. 12/07/2022 All Directors were Present

3. 15/09/2022 All Directors were Present

4. 08/11/2022 All Directors were Present

5. 28/12/2022 All Directors were Present

6. 10/02/2023 All Directors were Present

7. 29/03/2023 All Directors were Present

STATUTORY AUDITORS

M/s. NPSR & Associates (FRN: 144013W) have been the Statutory Auditors of the Company and the Board has obtained
their willingness to continue.

AUDITORS’ REPORT

The report of the Statutory Auditors along with notes to Schedules is enclosed to this report. The observations made in the
Auditor’s Report are self- explanatory and therefore do not call for any further comments.

EXPLANATION OR COMMENTS ON QUALIFICATIONS, RESERVATIONS OR ADVERSE REMARKS OR

DISCLAIMERS MADE BY THE AUDITORS AND THE PRACTICING COMPANY SECRETARY IN THEIR REPORTS

There were no qualifications, reservations or adverse remarks made by the Auditors in their report. The provisions relating
to submission of Secretarial Audit Report are not applicable to the Company.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186 OF THE COMPANIES ACT,
2013

Details of Loans:

Sr. Date of Details of Borrower Amount

Purpose for Time Date of BR Rate of Security
No. making which the period for Interest
loan loan is to be which it is
utilized by given
the recipient
COMPANY HAS NOT GIVEN ANY LOAN DURING THE YEAR UNDER REVIEW

Details of Investments:-
 NAVALPRABHA FOODS PRIVATE LIMITED
M-175, M.I.D.C., Bhusawal Road, Jalgaon 425003
CIN: U15122MH2012PTC229833
Contact us: [email protected]

Sr. Date of Investment Details of Investee AmountPurpose for which the proceeds from investments
No. is proposed to be utilized by the recipient
NO INVESTMENT DURING THE YEAR UNDER REVIEW

Details of Guarantee/ Security Provided:

Sr. Date of providing Details of recipient Amount Purpose for which the security/guarantee is
No. security/ guarantee proposed to be utilized by the recipient
NO PERSONAL GUARANTEE GIVEN TO ANY BANK/INSTITUTIONDURING THE YEAR UNDER REVIEW

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

The Company has entered into contract or arrangement with related parties referred to in section 188 of the Companies Act,
2013.Hence, AOC-2 is attached to this Report. And there have been business transactions during the year.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNING AND OUTGO:

The particulars relating to conservation of energy, technology absorption, foreign exchange earnings and outgo, as required
to be disclosed under section 134(3)(m) of the Companies Act, 2013 read with Companies (Accounts) Rules, 2014 are as
follows.

I. Conservation of Energy:

Your Company is taking all necessary steps to conserve the natural resources and to adopt environmental friendly
measures.

II. Research & Development (R&D)

Specific R&D Activities: There is no research and development activity.

Benefits derived as a result of above R & D: N.A.

Future Plan of Action: NIL

Expenditure on R & D: NIL

III. Technology Absorption, Adaption and Innovation:

Efforts in brief made towards Technology Absorption etc.: NIL

Benefits derived as a result of above: N.A.

Technology Imported, year of import and has technology been fully absorbed? If not fully absorbed, areas where
this has not taken place, reasons thereof and future plan of action: N.A.

IV. Foreign exchange earnings and outgo:

 NAVALPRABHA FOODS PRIVATE LIMITED
M-175, M.I.D.C., Bhusawal Road, Jalgaon 425003
CIN: U15122MH2012PTC229833
Contact us: [email protected]

During the period under review, there was no foreign outflow from your company and it had no foreign exchange
earnings.

MATERIAL CHANGES BETWEEN THE DATE OF THE END OF FINANCIAL YEAR AND BOARD REPORT

There have been no material changes and commitments, if any, affecting the financial position of the Company which have
occurred between the end of the financial year of the Company to which the financial statements relate and the date of the
report.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING
THE GOING CONCERN STATUS AND COMPANY’S OPERATIONS IN FUTURE

During the year under review there has been no such significant and material orders passed by the regulators or courts or
tribunals impacting the going concern status and Company’s operations in future.

THE DETAILS IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE
FINANCIAL STATEMENTS

The Company has adequate internal financial controls with reference to the financial statements.

DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION &

REDRESSAL) ACT, 2013

The Company is committed to provide a safe and conducive work environment to its employees.

Formation of Internal Complaints Committee is not applicable as number of employees are less than the prescribed limit.

Your Directors further state that during the year under review, there were no cases filed pursuant to the Sexual Harassment
of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

STATEMENT CONCERNING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY OF THE

COMPANY

The Company does not have any Risk Management Policy as the elements of risk threatening the Company’s existence are
very minimal.

CORPORATE SOCIAL RESPONSIBILITY (CSR):

The disclosures as per Rule 9 of Companies (Corporate Social Responsibility Policy) Rules, 2014 shall not applicable to the
Company as the Company is not required to constitute Corporate Social Responsibility Committee under section 135 of the
Act.

DIRECTORS RESPONSIBILITY STATEMENT:

In accordance with the provisions of Section 134(5) of the Companies Act 2013, your directors confirm that:

a) In the preparation of the annual accounts for the financial year ended 31st March, 2023, the applicable accounting
standards had been followed along with proper explanation relating to material departures;
 NAVALPRABHA FOODS PRIVATE LIMITED
M-175, M.I.D.C., Bhusawal Road, Jalgaon 425003
CIN: U15122MH2012PTC229833
Contact us: [email protected]

b) The directors had selected such accounting policies and applied them consistently and made judgments and estimates
that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31st March,
2023 and of the profit /loss of the Company for that period;

c) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance
with the provisions of the Companies Act 2013 for safeguarding the assets of the company and for preventing and detecting
fraud and other irregularities;

d) The directors had prepared the annual accounts on a going concern basis;

e) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such
systems were adequate and operating effectively.

f) The directors had laid down internal financial controls to be followed by the company and that such internal financial
controls are adequate and were operating effectively.

COST AUDITORS:

Company does not fall within the purview of Section 148 of the Companies Act, 2013 and hence there is no requirement for
the Company to appoint Cost Auditor for the financial year 2022-23.

INTERNAL AUDITORS:

Company does not fall within the purview of Section 138 of the Companies Act, 2013 and hence there is no requirement for
the Company to appoint Internal Auditor for the financial year 2022-23.

SECRETARIAL AUDITORS:

Company does not fall within the purview of Section 204 of the Companies Act, 2013 and hence there is no requirement for
the Company to appoint Secretarial Auditor for the financial year 2022-23.

ACKNOWLEDGMENT

The Directors express their sincere appreciation to the valued shareholders, bankers and clients for their support.

BYORDER OF THE BOARD OF DIRECTORS

FOR NAVALPRABHA FOODS PRIVATE LIMITED
Digitally signed by
Harak Harak Jayesh Soni
Jayesh Soni Date: 2023.10.27
09:35:19 +05'30'

HARAK SONI
DIRECTOR
(DIN: 05206738)

DATE: 28/09/2023
PLACE: Jalgaon
 FORM NO. MGT-9
EXTRACT OF ANNUAL RETURN AS ON THE FINANCIAL YEAR ENDED ON 31ST MARCH, 2022
[Pursuant to Section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies (Management and Administration) Rules,
2014]
I. REGISTRATION AND OTHER DETAILS:
i) CIN U15122MH2012PTC229833
ii) Registration Date 17/04/2012
iii) Name of the Company NAVALPRABHA FOODS PRIVATE LIMITED
iv) Category / Sub-Category of the Company Company Limited By Shares/Indian Non-Government Company
Address of the Registered Office and contact details PLOT NO M-175, MIDC AREA, JALGAON MH 425003 IN
v)
vi) Whether listed company Yes / No NO
Name, Address and Contact details of Registrar and N.A
vii)
Transfer Agent, if any

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

Sr. NIC code of the % to total turnover
Name and description of main products / services
No. product/ service of the Company
1 Instant Mix 100

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES - NOT APPLICABLE

% of
Sr. Holding/ Subsidiary/ Applicable
Name and address of the company CIN/GLN shares
No. Associate Section
held
1 Not applicable

IV. SHAREHOLDING PATTERN (Equity share capital breakup as percentage of total equity)
i. Category-wise shareholding
% Change
Category of No. of Shares held at the beginning of the year No. of Shares held at the end of the year
during the
Sl. Shareholders (01.04.2022) (31.03.2023)
% of
year
No. % of total
Particulars Demat Physical Total total Demat Physical Total
shares
shares
A Promoters
1 Indian
a Individual/HUF 0 200,000 200,000 100 0 200,000 200,000 100 0.00
b Central Govt.
c State Govt.(s)
d Bodies Corp.
e Banks / FI
f Any Other
Sub-total (A) (1):- 0 200,000 200,000 100 0 200,000 200,000 100 0.00
2 Foreign
a NRIs-Individuals
b Other-Individuals
c Bodies Corp.
d Banks/ FI
e Any Other
Sub-total (A) (2):- 0 0 0 0 0 0 0 0 0.00
Total SH of Promoter
(A)=(A)(1)+(A)(2) 0 200,000 200,000 100 0 200,000 200,000 100 0.00
B Public Shareholding
1 Institutions
a Mutual Funds
b Banks / FI
c Central Govt
d State Govt(s)
e Venture Capital Funds
f Ins. Companies
g FIIs
h Venture Capital Funds
i Others
Sub-total (B) (1):- 0 0 0 0 0 0 0 0 0
 2 Non-Institutions
a Bodies Corp.
i Indian
ii Overseas
b Individuals
i holding shares
upto Rs.1 lakh
ii holding shares
above Rs.1 lakh
c Others
Sub-total (B) (2):- 0 0 0 0 0 0 0 0 0
Total Public SH
[(B)=(B)(1)+(B)(2)] 0 0 0 0 0 0 0 0 0
c Shares held by Custodian for GDRs & ADRs
Grand Total (A+B+C) 0 200,000 200,000 100 0 200,000 200,000 100 0.00

ii. Shareholding of Promoters

Sl. NAME OF SHAREHOLDERS Shareholding at the beginning of the year Shareholding at the end of the year % change in
No. No. of % of total % of Shares No. of % of total % of share
shares Shares of Co. Pledged/encumb shares Shares of Shares holding
ered of total Co. Pledged/ during the
shares encumbe year
red of
total
shares

1 JAYESH NARANJI SONI 100,000 50.00 0.00 100,000 50.00 0.00 0.00

2 HARAK JAYESH SONI 100,000 50.00 0.00 100,000 50.00 0.00 0.00
TOTAL 200,000 100.00 0.00 200,000 100.00 0.00 0.00

iii. Change in Promoters’ Shareholding

Particulars Shareholding at the Cumulative Shareholding during
beginning of the year the year
No. of shares % of total No. of shares % of total
shares shares
At the beginning of the year 50,000 100.00 200,000 100.00

At the End of the year 200,000 100.00 200,000 100.00

iv. Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):NA
Sl. Name of the shareholders Shareholding at the Change in shareholding Shareholding at the end of
No. beginning of the during the year the year as on 31.3.2023
year as on 01.04.2022
No. of % of total No. of % of total No. of % of total
shares shares shares shares shares shares
1
2
v. Shareholding of Directors and Key Managerial personnel

Sl. Name of the Directors/ KMP Shareholding at the beginning Cumulative Shareholding during the year
No. of the year as on 01/04/2020
No. of % of total shares No. of % of total shares
shares Shares
1 JAYESH NARANJI SONI
At the beginning of the year 100,000 50.00 100,000 50.00

At the End of the year 100,000 50.00 100,000 50.00

2 HARAK JAYESH SONI
At the beginning of the year 100,000 50.00 100,000 50.00

At the End of the year 200,000 50.00 200,000 50.00

V. Indebtedness (Rs.in lakhs)

Indebtedness of the Company including interest outstanding/ accrued but not due for payment

Particulars Secured Loan excluding Unsecured Loan Deposits* Total Indebtedness

Indebtedness at the beginning of the financial year
i) Principal Amount - - - -
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) - - - -
Change in Indebtedness during the financial year
Addition - - - -
Reduction - - - -
Net Change - - - -
Indebtedness At the end of the financial year
i) Principal Amount - - - -
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) - - - -

VI. Remuneration of Directors and Key Managerial Personnel

A. Remuneration to Managing Director, Whole-time Directors and/or Manager:

Sl.No. Particulars of Remuneration Name of the MD/WTD/Manager/Director Total Amount
1 Gross Salary Jayesh Soni Harak Soni -
a Salary as per provisions contained in 660000 660000 - 1320000
b Value of perquisites u/s 17(2) Income - - - -
c Profits in lieu of salary under section - - - -
2 Stock Option - - - -
3 Sweat Equity - - - -
4 Commission - - - -
- as a % of profit - - - -
others (specify) - - - -
5 Others, please specify: Retirement - - - -
Total (A) - - - -
Ceiling as per the Act - - - -
B. Remuneration to other directors:
Sl.No. Particulars of Remuneration Name of the other Directors Total Amount
1 Independent Directors - - -
Fee for attending board / committee - - - -
meetings
Commission - - - -
Others, please specify - - - -
Total 1 - - - -
2 Other Non Executive Directors - - -
Fee for attending board / committee - - - -
meetings
Commission - - - -
Others, please specify - - - -
Total 2 - - - -
Total (B)=(1+2) - - - -
Total Managerial Remuneration - - - -
Total Remuneration (A+B) - - - -
Overall Ceiling as per the Act - - - -

C. Remuneration to key managerial personnel other than MD/Manager/WTD :

Sl.No. Particulars of Remuneration Key Managerial Personnel Total Amount
1 Gross Salary Chief Executive Chief Financial Company
a Salary as per provisions contained in - - - -
b Value of perquisites u/s 17(2) Income - - - -
c Profits in lieu of salary under section - - - -
2 Stock Option - - - -
3 Sweat Equity - - - -
4 Commission - - - -
- as a % of profit - - - -
others (specify) - - - -

5 Others, please specify: Retirement - - - -

Total - - - -

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES: NIL

Type Section of Brief Description Details of penalty/ Authority [RD/NCLT/ Appeal
the punishment/ Court] made if any
Companies compounding fee (give
Act imposed details)
A. Company
-Penalty - - - - -
-Punishment - - - - -
-Compounding - - - - -
B. Directors
-Penalty - - - - -
-Punishment - - - - -
-Compounding - - - - -
C. Other officer in default
-Penalty - - - - -
-Punishment - - - - -
-Compounding - - - - -

FOR, Navalprabha Foods PRIVATE LIMITED

Digitally signed by
Harak Harak Jayesh Soni
HARAK SONI Jayesh Soni Date: 2023.10.27
09:36:13 +05'30'
DIRECTOR
(DIN: 05206738)

DATE: 28.09.2023
PLACE: JALGAON
N.P.S.R. &ASSOCIATES
Chartered Accountants
JMP Market, Building No.3,1" Floor, Polan Peth,
JALGAON- 425001
Tel{0)0257-2224348,2223969
Email id:[email protected]
A
INDEPENDENT AUDITOR'S REPORT
To,
The Members of
NAVALPRABHA
A.
FOODSPRIVATE LIMITED
Report on the
Financial
the Statements
We have
audited
FOODS PRIVATE LIMITED accompanying Financial Statements
Sheet as at March 31, ("the Company") which
then ended and a 2023, and the Statement of Profitcomprise NAVALPRABHA
the Balance
summary of and Loss
explanatory information. significant accounting policies forandtheother
year
B.
Management's
Management Responsibility for the Financial
is responsible
Act, 2013 ("the for the Statements
matters in section 134(5) of the Companies
Act")
statements that give a with
true
respect to the
preparation of these financial
performance and cash flows ofand fair view of the
financial position, financial
principles generally accepted the
in
Company in accordance with the accounting
specified under Section 133 of theIndia, including the
Act, read with RuleAccounting
(Accounts) Rules, 2014. This responsibility 7 of the Standards
adequate accounting records in also includes the Companiesof
safeguarding maintenance
of the assets of the accordance with the provision of the Act for
frauds and other irregularities;Company and for preventing and detecting the
accounting policies; making judgmentsselection and application of appropriate
prudent; and design, implemerntation and and estimates that are reasonable and
control, that were operating maintenance of internal financial
completeness effectively for
of the accounting records, ensuring the accuracy and
of relevant
presentation the fnancial statements that give a trueto and
the preparation and
free from material
misstatement, whether due to fraud or error.fair view and are
C. Auditor's Responsibility
Our responsibility is to express an opinion on
on our audit. We have taken intc account these financial statements based
the provisions of the Act, the
accounting and auditing standards and matters which are required to be
incuded in the audit report under the provisions of the Act and the Rules
made there under.

We conducted our audit in accordance with the Standards on Auditing

specified under section 143(10) of the Act. Those Standards require that we
conply with ethical requiremernts and plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free from
material misstatement.

An audit involves performing procedures to obtain audit evidence abgs he

. .
l 1 R.
;

Charered
N.P.S.R. &ASSOCIATES
Chartered Accountants
JMP Market,
JALGAON- 4 Building No.3,1" Floor, Polan
25001
Tel-(0amounts
)0257-2 24348,2 23969
Email id:[email protected]

depend onandthedisclosures in the

Peth,

materialIn
error. misstateauditor'
nment s of the
financial statements. The procedures selected
judgment, including the assessment of the risks of
making those financial
financial control relevant riskto assessments, statements, whether due to fraud or
statements
are that give true and fairthe
viewCompany'
the auditor
considers internal
in orders to preparation of the
appropriate inof the financial
appropriateness
accounting
overall
circumstances.
estimatesofaccounting
made
An audit design
also audit
procedures that
by policies used and the includes evaluating the
presentation the financial Company's Directors, as reasonableness
statements. well as of the
We believe
that the audit evaluating the
appropriate to provide a basis evidence we have
opinion obtained
for our audit is
D
Opinion on the sufficient
financial and
In our
opinion and to the best of statements.
explanations given our
information and
required by the Act intotheus, the financial statements give according to the
manner
conformity with the accounting so the
required give a true and information
and
(i) in the case of principles generally accepted fair
in India: view in
at March 31,2023;the Balance Sheet, of the state of
affairs of the Company as
(ii)) in
the case of
on that date:; and the Profit and Loss Account, of the Loss for the year ended
E.
Report on Other Legal and
Regulatory Requirenents
As required by "the
Central GovernmentCompanies
of India in(Auditor's Report) Order, 2020, issued by the
terms of sub-section
the Act (herein after
of the books and referred to as "Order", and on the (11) of Section 143 of
basis of such checks
records of the Company as we
according to the information and
explanations considered
given to us,appropriate and
opinion that said order is not applicable to the comnpany.
we are of the
As required by section 143(3) of the
Act, we report that:
i) We have obtained all the
best of our knowledge andinformation and explanations, which to
belief were necessary for the purposesthe
our audit; of

ii) In our opinion, proper Books of Account as required by

law have been
kept by the Company so far as appears from our examination
Books.
of those
NPSR#
lants
0CIATE

Charlete
N.P.S.R. &ASSOCIATES
Chartered Accountants
JMP Market,
JALGAON- 4 Building No.3,1" Floor, Polan
25001
Email id:priteemandore @gmail.com Peth,
Tel-(0)0257-2 24348,2 23969
ii)
The
reportBalance
are in Sheet, Statement of Profit and
iv) agreement with the Books of Loss dealt with by this
In our
opinion, the Balance Accounts;
Comply with
the Act, read the
Sheet and Statement of
withAccounting
Rule 7 of theStandards specified underProfit and Loss
v) On the basis of
Section 133 of
Companies (Accounts) Rules,
on March 31, written 2014;
none of the 2023, and
Directors is
representations
taken on recordreceived fromn the
by the Board Directors, as
appointed as a director indisqualified as on March
terms of Section 164(2) of31,2023
of
Directors,
from being
vi) With respect to the the Act.
Report in accordanceother with
matters to be incuded in the
Auditors) Rules, 2014. In Rule 11 of the Auditor's
our
information and according to opinion given andCompanies
to the best(Audit and
of our
a) The
explanations to us:
wouldCompany does not have any
impact its financial position. pending litigation which
b) The
Company did not have any long-term
derivative contracts; as such the question contracts
any material inchuding
foreseealble losses thereon does ofnotcommenting
arise.
on
c) GST
there Calculations
have been done on
could be additional liability. provisional basis and ntantS
TES

For NPSR &

ASSOCIATES
Chartered Accountants Charte
Firm Reg. No. 105511W

PRITEER MANDORE
Parter
Date : 28/09/2023 Mermbership No.111280
Place : Jalgaon
UDIN: 231112808Gf9QL312
N.P.S.R. &ASSOCIATES
Chartered Accountants
JMP Market, Building No.3,1" Floor, Polan Peth,
JALGAON-425001
Tel-(o0257-2224348,2223969
Emailid:[email protected]

ANNEXURE To AUDITORS' REPORT

Annexure referred to in paragraph «E" of
1 a) our Audit Report of
The Company has even date
b)
maintained
including quantitative details andproper records showing full
There is regular program situation of its fixed assetS;particulars
of physical
reasonable,
fixed assets.
having regard to the sizeverification,
No material of the which in our opinion is
the assets
physicaliy discrepancies haveCompany and
been noticed the nature of
2 a)
verified during the year;
in respect of
Inventory, except goods in transit has been
b management at regular
In our opinion and intervals; physically verified by the
to us, the accordine to the
for physical information and explanations given
the procedures verification of inventories followed by
the management are
Company and the reasonable andadequate in relation to the size of
c) The nature of its business;
Company maintaining proper records of
is
discrepancies noticed on verification between the its Inventory. The
book records were not material. physical stock and
3. a The Company has not
companies, firms or othergranted
parties
any loan, secured or
listed in the register unsecured, to
Section 189 of the Companies Act, maintained under
2013;
4. In our opinion and according to the
there is adequate internal information and explanations given to us,
control procedure commensurate
the Cormpany and the
nature of its business with regard with the size of
inventory, fixed assets and to purchase of
with regard to the sale of goods and
During the course of our audit, no major weakness has been services.
internal control system. noticed in the
5. The Cornpany has not accepted any
clau se (v) of the Order is not applicable;deposits from the public and as such

6. According to the information and explanations given to us, the Central

Government has not prescribed for the maintenance of cost records under
Section 148 (1) of the Companies Act,2013;
7. a According to the information and explanations given to us, in our
opinion, the Company has been regular in depositing undisputed
statutory dues including Provident Fund, Employees' State Insurance,
Income-Tax, Sales Tax, Wealth Tax, Service Tax, Customs Duty, Exci_e
Duty, Cess, and other statutory dues, as applicable, with the appropriate ES
511W
F . R .

r eA
gc
N.P.S.R. &ASSOCIATES
Chartered
JMP
Accountants
Market,
Building No.3,1M Floor, Polan Peth,
JALGAON-425001
TelEmail-(0)id:[email protected]
0257-2224348,2223969 A
authorities.
no According to the information and
undisputed amounts
period of more than explanations given to us,
six were in arrears as at 31st March, 2023, for a
months from the date they
b.
become payable.
According to the
opinion that information and
which have notthere are explanations
no dues of sales given to us we are of the
Tax, Custom Duty
been depositedon account of and cess
8
The Company has Reserves -5.70 Lacs at the dispute.
Company has not incurred Cash loss during theendyear
of the
financial year. The
Financial Year. and in the
9 In our opinion and
preceding
the Company has according to the
not defaulted ininforrmation and explanations given to us,
institution; repayment of dues to bank & financial
10.
According to the
information and
not given any guarantee for the explanation given to us, the Company has
loans taken by others from
financial institutions. the bank or
11. To the best of our
knowledge and belief and according to
explanations
for
given to us, the term loans have been applied information and
which they were raised. for the purpose
12.
According to information and explanation given to us, no fraud on or by the
Company has been noticed or reported during the
course of our audit.
13. In our opinion and according to the
us, the Company has not entered information and explanation given to
into any non-cash transaction with the
directors or persons connected with directors.
clause 3(xv) of the Order is not applicable to the Accordingly, provision of
Company.

For NPSR & ASSOCIATES

Chartered Accountants
7CIATES
PRÍTEE RMANDORE
Parther
M. No. 111280
Firm Reg. 105511W
Chart
Place :- Jalgaon
Date :- 28-09-2023 UDIN: 23111280BaF9R6812
N.P.S.R. &ASSOCIATES
Chartered Accountants
JMP Market,
JALGAON-425001 Building No.3,1# Floor, Polan
Peth,
TeANNEXURE
l-(0)0257--2224348,2223969
Email id:[email protected]
B" TO THE

Report on the Internal

INDEPENDENT AUDITOR'S REPORT OF EVEN DATE
Section 143 of the Financial Controls under Clause (i) of
Companies Act, 2013 («the
Act") Sub-section 3 or
To,
The Members of
NAVALPRABHA FOODS PRIVATE LIMITED
We have
audited the
internal financial
Navalprabha Foods Private
conjunction with our Limited, (the controls over financial
ended on that date. audit of the Company") reporting
financial statements ofastheof March 31, 2023
of
in
Company for the year
Management's Responsibility for Internal Financial
The Company' s Controls
internal financial Management is
responsible for
criteria establishedcontrols based on the internal establishing and maintaining
internal control stated in the Company consideringcontrol
by the over financial
the essential reporting
over Financial Guidance Note on Audit of
Reporting issued by the Institute of components
Internal Financial Controlsof
These responsibilities Chartered Accountants of India.
include the design,
adequate internal financial
orderly and implementation
controls that were operating and mairtenance of
efficient conduct of its business, effectively for ensuring the
policies, the safeguarding of its assets, the inchuding adherence to the Company's
errors, the accuracy and prevention and
of the accounting detection of frauds and
preparation of completeness
reliable financial information, as required records, and the timely
2013. under the Companies Act,
Auditor's Responsibility
Our responsibility is to express an opinion on the Company's internal financial
controls over financial reporting based on our audit. We conducted our audit in
accordance with the Guidance Note on Audit of
Financial Reporting (the "Guidance Note") and Internal Financial Controls Over
the Standards on Auditing as
specified under Section 143(10) of the Companies Act, 2013, to
the extent
applicable to an audit of internal financial controls, both applicable to an audit of
Internal Financial Controls and, both issued by the
Accountants of India. Those Standards and the Guidancenstitute
of
Note requireChartered
that we
comply with ethical requirenents and plan and perform the audit to obtain
reasonable assurance about whether adequate internal financial controls over
financial reporting was established and maintained and if such controls operated
effectively in all material respects. M . N .

1 2 1
TES
2 8 0

F .

105511VW
R .

SlUP
N ,

Chariered
A
 N.P.S.RAccount
Chartered . &ASSOCIATES
JMP Market, ants
JALGAON- Building No.3,1t
425001 Floor, Polan Peth,
TeInchuding
l-(0)0257-2 24348,2 23969
Emailid:[email protected]
the
statements, assessment
whether of the
due to fraud or
risk of
material misstatement of the financial
We believe that the error.
to
provide a basis audit evidence we
for our audit
over financial reporting. have
opinion on obtained is
the internal sufficient and
Meaning of Internal approprnate
financial controls system
A Financial Controls over
Company'
designed internal financial Control overFinancial Reporting
to sprovide
reporting and the reasonable ofassurance regarding financialthereporting is a process
accordance with preparation
financial Control generally financial statement for reliability of financial
over accepted accounting external purposes in
that (1)
pertain to the financial reporting principles. A
Company'
includes those policies
(2) providereflect the maintenance andrecords that, in
and fairly of and s internal
reasonable transactions dispositions of reasonable detail, procedures
accurately
of assurance that
permit preparation the
are assets the
of
accounting transactions
financial statements recorded as Company;
made only inprinciples, and that receipts and
in
accordance with necessary to
generally
Company;ofandaccordance
(3) provide
with
authorizations expernditure
of
of
management
the Comnpany areaccepted
being
detection unauthorized reasonable assurance and directors of the
regarding prevention or timely
material acquisition,
that could have a
effect on theuse, or disposition of the
financial statements. Company's assets
Inherent Limitations of Internal
Financial Controls over Financial
Because of the inherent limitations of
Reporting
reporting, internal
of including
controls,
the possibility of collusion orfinancial
material misstatements due to error or improper
controls over financial
detected. Al<o, projertions of any
management
fraud may occur andoverride
not be
evauation
financial controls over financial reporting to of the internal financial controls
that the internal
financial control future periods are subject to the over
risk
over
because of changes in conditions, or thatfinancial reporting may become inadequate
or procedures may the degree of compliance with the
deteriorate. policies
Opinion
In our opinion, the Company has, in all
financial controls system over finarncial material respects, an adequate internal
reporting and such internal financial
controls over financial reporting were operating
based on the internal control over financial effectively as at March 31, 2023,
reporting
Company considering the essential components of internal criteria established by the
Guidance Note on Audit of Internal Financial Controls Overcontrol stated in the
Financial Reporting
1Ssued by the Institute of Chartered Accountants of India.
IATES

Chartere
N.P.S.R. &ASSOCIATES
Chartered Accountants
JMP Market, Building
JALGAON-425001 No.3,1" Floor, Polan Peth,
Tel-(0)0257-2224348,2223969
Email id:[email protected]

Explanatory paragraph
We also have audited, in accordance th the
Institute of Chartered Accountants of India, asStandards on Auditing issued by the
the Act, the financial specified under Section 143(10) of
statements of the Company, which
Sheet as at March 31, 2023, and the related comprise the Balance
year then ended, and a summary of Statemnents of Profit and Loss for the
significant accounting
explanatory information, and Our report dated 28-09-2023 policies and
unqualified opinion thereon. expressedother
an

For NPSR & ASSOCIATES.

Chartered Accountants S
Firm Reg. No. l05511W APS \105511W

K.N
lcco

PRITEERMANDORE
Partrer Chartere
Date: 28-09-2023 Memþership No. 111280
Place: Jalgaon
UDIN: 23111230 BGAF9Q6312
NAVALPRABHA FOODS PVT. LTD.
F.Y.2022-23
BALANCE SHEET AS AT 31ST MARCH, 2023
Note Period ended Period ended
Particulars
No 31.03.2023 31.03.2022
Rs In "00 Rs In '00
LIABILITIES
LEQUITY AND
1Shareholders' funds
(a) Share capital 3 20,000.00 20,000.00
(b) Reserves and surplus 4 (5,702.92) (4,421.93)
2Non-current liabilities
(a) Long Term Borrowing 5 26,744.72 39,908.33
(b) Deferred Tav Liabilities (net)
3Current liabilities
(a) Trade Payables 8 7,116.77 338.08
(b) Other Current Liabilities 7 11,877.46 10,621.79

TOTAL 60,036.03 66,446.26

!I. ASSETS
1Non-current assets
(a) Prpert Plant and Equipments 20,922.42 25,058.65
(b) Non-current investments 10
(c) Deposits 11 19.30 719.30
(d) Deferred-Tax Asset 12 579.36 457.99
2 Current assets
(a) Inventories 13 23,500.00 17,800.00
(b) Trade Receivables 14 296.44 9,538.91
(c) Cash and cash equivalents 15 11,052.61 10,092.39
(d) Other Current Assets 16 3,665.93 2,779.02

TOTAL 60,036.03 66,446.26

Significant Accounting Policies and Notes on Accounts 23

Dee accompanying notes forming pat of the Financial Statements

As per our report attached For and on behalf of the Board of Directors

For NPSR &

ASSOCIATES
Chartered Accountants/ IES Accounla
Sd/
Jayesh NarayanjiSoni
Pritee Mandore DIRECTOR
Partner Membership N1280
Firm Reg. 105511W
DINNo. 05206737
Chartere
Sd/
Harak Jayesh Soni
DIRECTOR
DATE: 28/09/2022 DIN No. 05206738
PLACE: JALGAON
UDIN:23111280 BaAFOY 3924
 NAVALPRABHA FOODS PVT. LTD.
F.Y.2022-23
PROFIT & LOSS ACCOUNT FOR THE
YEAR ENDED 31ST MARCH
2023

Note Period ended Period ended

Particulars No. 31.03.2023 31.03.2022
Rs in '00 Rs in '00
operations 17
L Income from 1,93,937.98 1,91,241.09
II. Other Income 18 6,559.35 11,208.79

I. Total Revenue (| + I) 2,00,497.33 2,02,449.87

IV. Expenses:
Purchase of Stock in Trade
Cost Of Material Consumned 19 1,53,586.96 1,42,864.27
Employee Benefit Expenses 20 25,084.65 33,146.04
Financial Cost 21
Depreciation & Amortisation 4,673.12 5,852.66
Other expenses 22 18,554.96 20,574.36

Total expenses 2,01,899.69 2,02,437.33

V. Profit before tax (1,402.36) 12.54

VI Provision for Tax
(1) Current tax
(2) Income Tax
(2) Deferred tax 121.37 (153.06)
VII Profit After Tax (1,280.99) (140.52)

VIll Profit (Loss) for the period (XI + XIV) (1,280.99) (140.52)
IX Earnings per equity share:
Basic & Diluted (0.13) (0.01)

Significant Accounting Policies and Notes on Accounts 23

See accompanying notes forming part of the Financial Statements
As per our report For and on behalf of the Board of DirectorS
attached
dAccoUY
For NPSR & ASSOCATES1055i1W/
Chartered Accoya-nts
Priteé Mandore Jayesh Narayanji Soni
Partner MembershipN
Firm Reg. 105511W
DIRECTOR
DIN No. 05206737

Harak Jayesh Soni

DATE:28/09/2022 DIRECTOR
PLACE : JALGAON DIN No. 05206738

ODIN:23111280BaF9P3924
NAVALPRABHA FOODS PVT. LTD.
M-175.M.1.D.C. Jalgaon.
EY. 2022-23

Wotes on Financial Statements forthe Year ended 31st

March 2023
As at 31.03.2023 As at 31.03.2022
Rs in '00 Rs in '00
3SHARE CAPITAL
Authorised
200000 Shares of Rs. 10 each 20,000.00 20,000.00

Issued. Subscribed & Paid up

200000 Shares of Rs. 10 each 20,000.00 20,000.O0
(Refer Note No: 11)
20,000.00 20,000.00

4 RESERVES & SURPLUS

(4,421.93) (4,281.41)
As per last Balance Sheet
Less Income Tax Provisions No Longer Receivable
Less: Income Tax Provisions Excess Made (1,280.99) (140.52)
Less:Loss for the year

Total Reserve
(5,702.92) (4,421.93)

5LONG TERM BORROWING

Secured

Unsecured 19,219.72 26,458.33

Loan from Directors & Shareholders
Boricha
Advance received from Darshan 7,525.00 13,450.00
Form others 26,744.72 39,908.33

LIABILITIES
6 DEFERRED TAX
Deferred Tax Liabilites
(Refer Note No. 14)

CURRENT LIABILITIES
7 OTHER
395.00 296.00
Audit Fees payabie 160.00
ROC Exps Payatble 100.00
Legal Expenses Payabie 7,641.17
Directors Salary 200.00 120.00
Consultancy Fees payabie 9,946.79
Payable) 3,841.29
Duties & Taxes (GST
11,877.46 10,621.79
ES

Chactete
 VALPRABHA FOODS PVT. LTD.
415,
A M.I.D.C. Jalgaon.
EY.
2022-23

Statements for the Year ended 31st

Financial
s on
March2023

As at 31.03.2023 As at 31.03.2022
Rs in '00 Rs In '00
8TRADE PAYABLES

Electricity Bill Payable 149.35 821.03

Telephone Bill Payable
Water Bill Payable 7.05
Sundry Creditors 6.967.42 (650.01)
Account VWriting Charges 360.00
7,116.77 338.08

INVESTMENT
40 NON CURRENT

Pre-Operative Expenses
Less: tr. To Profit & Loss Alc

11 DEPOsITS

Vikas Milk Deposit 500.00

Water Deposit 19.30 19.30
Printing Cylinder For Goyum Kulfi 200.00

19.30 719.30
12 DEFERRED TAX ASSETS
Opening Balance
Deferred Tax Asstes 579.36 457.99
(Refer Note No. 14)
579.36 457.99
13 INVENTORIES
(As Valued &
Raw Material Certified by the management) 23.500.00 17,800.00

23,500.00 17,800.00
14 TRADE RECEIVALBE
(Unsecured. Considered Good)
Debts outstanding for a period
Other Debts exceeding six months 296.44 9,538.91

296.44 9,538.91

untant
CIATES
 PVT. LTD.
VALPRABHAFOODS
5.M.I.D.C.Jalgaon.
2022-23

ended 31st
Financial Statements for the Year
sonE
ech2023
As at 31.03.2023 As at 31.03.2022
Rs In '00 Rs in '00
EQUIVALENT
CASH
«CASH AND
Cashon Hand 599.57 4,381.66
Schedule Bank 10,453.04 5,710.73
Balance with

11,052.61 10,092.39

6OTHER CURRENT ASSETS

Vat Receivable (F.Y.2015-2016) 630.86 630.86

Vat Receivable (F.Y.2017-2018) 1,750.23 1,750.23
MIDCWater Charages Receivable 260.44 260.44
TDS Recivale
GST Recivable
Pre paid Insurance 66.01 60.46
FD with Kotak Bank 77.04
3,665.93 2,779.02

11w//
&
ASSO
280
M.Ne,
AATES
105511W
OAccoUn

Cha:tei
NAVALPRABHA FOODS PVT. LTD.
M.175, M.J.D.C. Jalgaon.
EY.2022-23

Notes on Financial Statements for the Year ended 31st

Merch 2023

As at 31.03.2023 As at 31.03.2022
Rs In 00
17 REVENUE FROM OPERATION Rs in g
Sale of Products
1,93,937 98 1,91.241 O9

1,93,937.98 1,91, 241.09

18 OTHER INCOME

Discount
Interest on FD 249.56 21946
GST Outstanding reversal 4.29
Atharva Packaging Pvt Ltd (Creditor Written Of) 6,305.50 9.100.0O
1,889.32
6,559.35 11,208.79
19 COST OF
MATERIAL CONSUMED
(As valued & Certied by the
a) Cost of Material nagement)
Consumed
Opening Stock
Add: Purchases 17,800.00 17.23700
Less:Ciosing Stock 1,59,286.96 1,43,42727
23,500.C0 17,800.00
Cost of Material
Consumed 1,53,586.96
20 1,42,864.27
EMPLOYEE BENEFIT EXPENSES
Salary &VWages
25,084.85 33, 148.04
21 FINANCIAL COST 25,084.65 33,146.04

22 OTHEREXPENSES

Manufacturing &Direct Overheads

Elerticity Expenses
TtBroakensrpagoretation
Waer Charges
2,484 51
5,238.31
88.20
3743 48
4532 a0

ElecincgityCharmaignestainance
Packi
97 52
181 4
Jou work chargeS 135 00
DelGasivExpenses
ery Charges 15 80
ntant5
10. 10

7,801.12 8, 387 02
 19,150
61 89 42 8436
824
24 128.59 636
69 20,91391851 8.51 20,922.42
31.03.2023
'O0
in
Rs
atAs
BIoc
k

4010234824
42 859

Acered
cOurlD
23,012
21 120 00 25.050
14 851 851 25,05a.65
Net
31
03
2002200
Rsin

EEE
atAs

2271,743.
31.03.2023 58.931
56 62 75
53 803
78 839.6798 1462622 151
49
62,773.63
151.49
at
As
in
0O
Rs
sASSO M05511W
1l1280
M.N.
F.R.N.
Deducticn

6O 105
52
31.16
4238 222314,673.12 4,673.12

the
00
in
Rs
year
tion

fo

a
4,166.04
105.52
31.16 222.31
4,525.03 4,525.03
i Existing00
in
Rs
Assets
De
reC
p

the in
Rs
Addition 72.56
expired)During
Iife 00 75.53 148.09 148.09

W/off
(Asset

1,638.27
196.46839.67581.6758,144.80151.49151.49 52,247.85
31.03.2022 54.692.96
'00
inRs
atAs
Gujarat).

159.89
1,664.09
1,872.37 83,536.05160.00160.0083,696.05
1,440.67
AAR
'00
inRs 17 316.86
78,082.
at 31.03.2023
as
Cost
(GST
limited
Deduction private
Sale

Wago
Total
Days
ck
oBI re
tn
No. days
of
of
judgement
'00
in
Rs 377.00 159.89 536.89 536.89
o
sGr
s
Addition
law
case
Ending
Date &
17(5)

Date
sec
per
'00
in
Rs 1,872.37
77,705.1i
1,664.09
316.86 82,999. 160.00160.0081,623.57as
16
1,440.67
3103.2022 allowabie
alAs

isnot
condiioner

18.10%45.07%|
25.88% 63.16%
68.16%25.88% 45.07% client
LTD. eguipnnent
PVT. Rate by
ASSES
INTANGIBLE
B taen
ROODS ATANGIBLE
ASSETS Air
M-175,
LDG
Jalgaon. &
Plant
Nachney
nstalatian Satware
Computer of
9:Property,
and
Piant Office
Equpme GRAND GSTCredt
TOTAL
Assests
NAVALPRABNA
Motorcyae
Computer of Mowever,
2022-23
F.Y. Ciectic TOTAL Credit
Prirter

S No
ALPRABHA FCODS PVT. LTD.
1022-23
Additlonai Regulatoy Informatlon

te deeds of Immovable Property not held In name of the Company

Whesther tltle deed holder
Relevant lIne Iteams In the Descriptlons of Iteam of TItle deedsof Immovable Isa promotor,director or Property held Resson for not
Balance sheets property
Gross carrylng Value Proparty not held In name relatlve of Promotor snce whlch belng held In the
of the Company director or employee of date name of company
promotors/ director
Ni Nil Nil Nil Ni Ni
Ni Nil NI Nil Ni Nil
Nil Ni Nil Ni Nil NiI
NiI Nil
Nil Ni Nil INi Nil

Where the Company has revalued Its Property, Plant and Equlpment, the company shall disclose as to whether the revaluatlon Is based on the valuatlon by
a registered valuer as defined under rule 2 of the Companles (Reglstered Valuers and Valuatlon) Rules, 2017
No Property, Plant and Equipment are revalued by the company. Therefore Not Applcable.

where Loans or Advances In the nature of loans are granted to promoters, directors, KMPs and the related partles (as
defined under Companles Act, 2013,) elther severally or Jointly with any other person, that are:
(a) repayable on demand or
(b) without specifying any terms or perlod of repayment
Amount of loan and Percentage to the total
Type of Borrower Advance In the nature of Loans and Advances In
Loan outstanding the nature of loans
Promotors N NI
Directors 1921971.57 71.86%
KMPS NI
Related Partles NI NI

Capital Work In Progress (CWIP)

(a) For Capital-work-in progress, following ageing schedule shall be given
Amount in CWIP for a period of
CWIP Total
|Less than 1 year 1-2 years 2-3 Years More than 3 years
Projects in progress N NII NI N!
Projects temporarily suspendedNI NI NI

(b) For capital-work-in progress, whose completion is overdue or has exceeded its cost compared to its original plan, following
CWIP
To be Completed In
Total
Less than 1 year 1-2 years 2-3 Years More than 3 years
Project 1 NII NI NI NI NI
Project Nil NiI NII NI NII

Intangible assets under development:

(a) For Intangible assets under development
Instanglble Assets under Amount In CWIP for a period of
Total
Development Less than 1 year 1-2 years 2-3 Years More than 3 yeas
Project 1 Nil NI NI NI NI
Project NI NI N NI N

(b) Intangible assets under development completlon schedule

instanglble Assets under To be Completed In
Development Less than 1 year Total
1-2 years 2-3 Years More than 3 years
Project 1 NI NII NII NI NI
Project 2 NII NI NI NI

Details of Benami Property held

No immovable properties held. Therefore Not Appllcablo.

Where the Company has borrowings from banks or financlal institutions on the basis of current assets
a) whether quarterly returns or statements of current assets fled by the Company with banks or flnanclal institutlons are in agreementwith the books of sccounts.OCIATES
D] if not, summary of reconcillation and reasons of materlal discrepancies, If any to be adequately dlsclosed
Not Applicable.

Wilful Defaulter
.Date of decleration as wilful defaulter, mTtSSor
.Detalls of defaults (arnount and nature of defaults),
Not Appllcabie.
Chartere
 Companiee
lationship with Struck off
Wherethe company has any transactlons with companies struck off under section 248 of the Comoanles Act. 2013 or sectlon 560 of Companles Act, 1956, the Company
following detalls;
sell disclose the
Nature of transactlons wlth Relatlonshlp with the Struck
Company Balance outstanding
Name ofstruck off struck-off Company off company, # any, to be
dlsclosed
Investmnents In securitles INI
Recelvables NI
Pzyables NI
Shares held by struck-off
Company NI
lother outstanding balances
(to be specified N

Registration of charges or satisfactlon with Reglstrar of Companles

Any charges or satisfactlon yet to be reglstered with Reglstrar of Companles beyond the statutory perlod, details and ressons thereof shall be diselosed.
Not Appllcable.

Complance with number of layers of companles

Mhere the company has not complied with the number of layers prescribed under clause (87) of section 2of the Act rend with Companles (Restrletlon on number of
iers)Rules, 2017, the name and CIN of the companles beyond the specifled layers and the relatlonship/extent of hoidling of the company In such downstream
companies shall be disclosed
Not Appilcable.

ICompllance with approved SLheme(s) of h.gements

Where any Scheme of Arangements has been approved by the Competent Authorlty In terms of sections 230 to 237 of the Companles Act, 2013, the Comparny shall diselose
that the effect of such Scheme of Arrangements have been accounted for in the books of account of the Company 'in accordance with the Scheme' and in accordance
with accounting standards' and devlatlon In this regard shall be explalned
Not Applicable.

Utilisation of Borrowedfunds and share premium:

IRatios

Ratios Numerator Denomlinator Current Reporting Period Previous reporting perlod % of Change
Debt Capital NA NA NA
Debt Equity Ratio Shareholder's Equlty
Debt Service NA NA NA
Debt Service coverage ratlo EBITDA-CAPEX
(Int+Principal)
Return on Equity Ratio Profit for the year Shareholder's Equity 0.09 0.01 393.30%
Inventory Turnover Ratio COGS 6.54 8.03 -18.57%
Closing Inven tory
Trade Receivables turnover ratid I1otal Purchases
Net Sales Trade recefvables 654.23 .05 3163.24%
(Fuel Cost

Trade payables turmover ratio

Other Expenses+Closing osing Trade Payables 22.38 424.25 -94.72%
Inventory-Opening
Iauantaa
Current Ratio Current asset Current liability 2.03 3.67 44.3X%

Net capital turnover ratlo Sales

Workimg capital (CA 9.93 6.54 51.96%
CL)
Net profit ratio Net Profit Sales 0.04 0.04 0.00%
Return on Capltal employed rnirgs before interest and t Capital Employed -0.0342 0.0002 -15216.45%
Return on investment Net Profit Investment 0.0701 0.0006 -11281.23%

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NAVALPRABHA FOODS PRIVATE LIMITED
F.Y. 2022-2023

Note No. 23

A] GENERAL INFORMATION
NAVALPRABHA FOODS PVT LTD ("the Company") is engaged in Manufacturing
and Trading of Ready to eat Food Products, Dairy Products etc.
B] SIGNIFICANT ACCOUNTING POLICIES:

1) Basis of Accounting:
The financial statemnents have been prepared on accrual basis under the
historical cost convention, in accordance with the Indian Generally Accepted
Accounting Principles and the applicable accounting standard notified
under section 133 and other relevant provisions of Companies Act, 2013.

2) Use of Estimates:

The presentation of financial statements in conformity with generally

be
accepted accounting principles requires estimate and assumptions to the date
made that affect the reported amounts of assets and liabilities on
of financial statements andthe reported amounts of revenue and expenses
and
during the reporting period. Difference between actual results /
in the period in which the results are known
estimates are recognized
materialized.

3) Fixed assets:
Fixed assets are stated at cost net of GST credit less accumulated
depreciation. Cost of acquisition of fixed assets is inclusive of freight, duties
and taxes, interest, if any, on specific borrowings utilized for financing the
assets up to the date of commissioning, cost of installation / erection and
other incidental expenses.
4) Depreciation:

(a) Depreciation on Tangible & Intangible Fixed assets of the Company is

provided on the written down value basis at the rate and in the
manner specified in Schedule II of the Companies Act, 2013.
(b) Depreciation is charged on pro-rata basis for asset purchased / sold
during the year. 105511W/9
5) Investment: 111280
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Long term Investment are stated at cost of acquisition

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6) Revenue recognition:
(a) customers
Revenue fromwhich
the sale of goods is recognized on dispatch of goods to
generally coincides with the transfer of all
significant risks and rewards of ownership to the buyer.
(b) Dividend on investment is recognized when the right to receive
payment is established

7) Impairment of assets :
Assessment is made at each Balance Sheet date as to whether there is any
indication that an asset may be impaired. If any such indication exists, the
value
Company estimates the recoverable amount (higher of net realizable
recoverable amount of such asset or
and value in use) of the asset. If the
which the asset belong is less
recoverable amount of cash generating unit to
recoverable
than the carrying amount, the carrying amount is reduced to its recognized in
amount. The reduction is treated as impairment loss and
indication that
Profit & Loss Account. If at the Balance Sheet date there is
previously assessed impairment loss no longer exists, the recoverable
at the recoverable amount
amount is reassessed and the asset is reflected
subject to a maximun of depreciable historical cost.
8) Valuation of inventories:

Stock of goods are valued at cost price.

9) Tax provision:
tax is
Tax expenses comprises of Current and Deferred. Current Income
measured at the amount expected to be paid to the tax authorities in
accordance with the Indian Income Tax Act, 1961.
Deferred tax liability resulting from the timning difference between the book
profit and taxable profit is accounted for using the effective current tax rate.
Deferred tax assets are reviewed at each Balance Sheet date and written
down or written up to reflect the amount that is reasonably/ virtually
certain (as the case may be) to be realized.
10) Provisions, contingent liabilities and contingent assets:
The Company creates a provision when there is present obligation as a
result of past event that probably requires an outflow of resources and a
reliable estimate can be made of the amount of the obligation. A disclosure
for a contingent liability is made when there is a possible obligation or a
present obligation that may, but probably will not require an outflow of
resources. Where there is a possible obligation or a present obligation in
respect of which the likelihood of outflow of resources is remote, no
provision or disclosure is made. Contingent assets are neither recognized
nor disclosed in the financial statements.

GST calculations have been done on provisional basis and there could be
additional liability. 105511W/
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11) Share Capital
a) Details of shares held by Shareholders holding more than 5% of theaggregate
shares in the Company.
Name of Share Holder As on 31at March, 2023 As on 31 March, 2022
No of Shares % of No of Shares%of
held Holding held Holding
Jayesh Narayan Soni 100000 50% 100000 50%
Harak Jayesh Soni 100000 50% 100000 50%

b) Reconciliation of Number of shares outstanding as on beginning and closing of the

year
Particulars Equity Shares
Number Rs Number Rs
Shares outstanding at the 200000 20,00,000 200000 20,00,000
beginning of the year
Shares issued during the year
Shares bought back during the
year
Shares outstanaing at the end 200000 20,00,000 200000 20,00,000
of the year

12) Borrowings (secured)

No Secured loan outstanding this year.

13) The Company is in process of obtaining necessary information relating to

registration status of supplier under Micro, Small & Medium Enterprise
Development Act, 2006 and hence information under the said Act, could
not be complied and disclosed.

14) Deferred tax working :

ASSOC 1280
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 DEFERRED ASSETS 2022-2023 2021-2022
(Rs.) (Rs.)
Unabsorbed Depreciation (38398) (198903)

DEFERRED LIABILITIES
Difference due to WDV as per (184433) (137752)
income tax and WDV as per books

Net Deferred Tax Liability (Assets) (57936) (45799)

(12136) 15306
Deferred Tax Expenses/ (Income)

assets, loans and advances are

15) As per the opinion of the Directors, current of business
approximately of the value stated, if realized in ordinary course
not in excess of
adequate and
and the provision for all known liabilities is
the amnount reasonably necessary

16) Payment to auditors as :

Current Previous
Year Year
(Rs.) (Rs.)
Statutory Audit Fees (Excluding
10,000 29,500
Goods & Service Tax)
Loss, Statement of Significant
17) The Balance Sheet, Statement of Profit and integral part of
Accounting Policies and other explanatory notes forms an
ended 31st March,
the Financial Statements of the Company for the year
2023
rearranged wherever
18) Previous Year figures have been regrouped and
necessary to make them comparable.

For and on behalf of Board of Directors

N So
oyesh
Director Director
Date: 28th Sept, 2023
Place : Jalgaon

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