HIMLAK INDUSTRIES PRIVATE LIMITED

DIRECTORS’ REPORT

To,
The Members of,
HIMLAK INDUSTRIES PRIVATE LIMITED

Your Directors have pleasure in presenting the IInd Annual Report of HIMLAK INDUSTRIES
PRIVATE LIMITED along with the Audited Financial Statements for the financial year ended 31st
March, 2023 and on the state of affairs of the Company.

FINANCIAL HIGHLIGHTS:
The Company’s Financial Performance for the period under review are given hereunder. Being
First year of operation previous figures are NIL.
(Rs in 000)
31ST MARCH 31ST MARCH
Particulars
2023 2022
Total Income 476,111.38 145,130.13

Profit before tax 11,332.84 2,297.90

Profit /(Loss) after tax 8,184.26 1,686.27

Appropriations -- --

Net Surplus retained in Profit & Loss A/c 8,184.26 1,686.27

REVIEW OF BUSINESS OPERATIONS AND FUTURE PROSPECTS:

Company’s turnover was at expected level. The company expect that business will be more in
coming years.

DIVIDEND:
To preserve the resources the Board does not recommend any dividend for the financial year ended
31st March, 2023.

CORPORATE SOCIAL RESPONSIBILITY:

The Company has not developed and implemented any Corporate Social Responsibility initiatives as
the provisions of Section 135 of the Companies Act, 2013 are not applicable.

STATUTORY AUDITORS:
The Directors recommended that M/s. Nishi K Sharma & Associates, Chartered Accountants, Firm
Registration No. 030203C be appointed as the Statutory Auditors of the Company at the forthcoming
Annual General Meeting of the Company to hold office till the Conclusion of Annual General
Meeting of the company to be held in year 2027, at a remuneration as may be mutually agreed upon
between the Board and the aforesaid Auditors. They have given their eligibility & consent for the
proposed ratification.

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HIMLAK INDUSTRIES PRIVATE LIMITED

EXPLANATION OR COMMENTS ON QUALIFICATIONS, RESERVATIONS OR

ADVERSE REMARKS OR DISCLAIMERS MADE BY THE AUDITORS AND THE
PRACTICING COMPANY SECRETARY IN THEIR REPORTS
There was no qualification, reservation or adverse remark made by the Auditors in their report.

The provisions of Section 204 of the Companies Act, 2013 relating to submission of Secretarial
Audit Report is not applicable to the Company.

DIRECTORS:
Shri Jai Prakash Singh & Smt. Reena Kumari was appointed First Directors of the company at time of
incorporation.

DECLARATION OF INDEPENDENT DIRECTORS

The provisions of Section 149 pertaining to the appointment of Independent Directors do not apply to
our Company.

BOARD MEETING:
During the reporting period, the Board met Five times (5) times.

COMPANY’S POLICY RELATING TO DIRECTORS APPOINTMENT, PAYMENT OF

REMUNERATION AND DISCHARGE OF THEIR DUTIES
The provisions of Section 178(1) relating to constitution of Nomination and Remuneration
Committee are not applicable to the Company and hence the Company has not devised any policy
relating to appointment of Directors, payment of Managerial remuneration, Directors qualifications,
positive attributes, independence of Directors and other related matters as provided under Section
178(3) of the Companies Act, 2013.

INFORMATION PURSUANT TO RULE 5 (2) OF COMPANIES (APPOINTMENT &

REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014
The Company has not appointed any employee(s) in receipt of remuneration exceeding the limits
specified under Rule 5 (2) of Companies (Appointment & Remuneration of Managerial Personnel)
Rules, 2014.

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE

(PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013
The Company has duly set up an Internal Complaints Committee (ICC) in line with the requirements
of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act,
2013, to redress complaints received regarding sexual harassment.

The following is a summary of sexual harassment complaints received and disposed off during the
period under report:
No of complaints received:

Nil No of complaints disposed off:

Nil

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HIMLAK INDUSTRIES PRIVATE LIMITED

DIRECTORS’ RESPONSIBILITY STATEMENT:

Pursuant to Section 134 (3) (c) read with Section 134 (5) of the Companies Act, 2013, your Directors
state that:

a. In the preparation of the annual accounts, the applicable accounting standards have been
followed and there is no material departures from the same

b. They have, in the selection of the accounting policies, consulted the Statutory Auditors and
have 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 its Loss for the year ended on that date;

c. They have taken proper and sufficient care to the best of their knowledge and ability 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; and

d. They have prepared the annual accounts for the period ended 31 st March, 2023 on a ‘going
concern’ basis; and

e. Proper internal financial control were in place and that such financial control were adequate
and were operating adequately; and

f. They have devised proper systems to ensure compliance with the provisions of all applicable
laws and that such systems were adequate and operating effectively.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION

186 OF THE COMPANIES ACT, 2013
There was no loan given or guarantee given or investment made or security provided pursuant to
Section 186 of the Companies Act, 2013 during the year under review and hence the said provisions
are not applicable.

DISCLOSURES OF AMOUNTS, IF ANY, TRANSFER TO ANY RESERVES.

It is not proposed to carry any amount to any reserves from the profits of the Company. Hence,
disclosure under Section 134 (3) (j) of the companies act, 2013 is not required.

MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL

POSITION OF THE COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAL
YEAR TO WHICH THIS FINANCIAL STATEMENTS RELATE AND THE DATE OF THE
REPORT
No material changes and commitments affecting the financial position of the Company occurred
between the end of the financial year to which this financial statement relate on the date of this report.

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HIMLAK INDUSTRIES PRIVATE LIMITED

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE

EARNINGS AND OUTGO
As regards disclosure pertaining to conservation of energy, technology absorption, Foreign exchange
Earnings and outgo as required under Section 134 (3)(m) of the Companies Act, 2013 read with Rule
8(3) of the Companies (Accounts) Rules, 2014 , it has been advised that the particulars relating to
“Conservation of Energy” are not applicable to the company and hence no disclosure is required to
be made in this behalf.

The company has not undertaken any research and development Activity and development of
Technology.

The Company’s Foreign Exchange Earning & Expenditure are as under:

Particulars 31ST MARCH 31ST MARCH

2023 2022
Foreign Exchange Earnings NIL NIL

Foreign Exchange outgoings NIL NIL

Net Earnings in Foreign Currency NIL NIL

STATEMENT INDICATING DEVELOPMENT AND IMPLEMENTATION OF RISK

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

DEPOSITS
The Company has not accepted any deposits during the year under review.

UNSECURED INTEREST FREE LOAN FROM DIRECTORS

Two directors have lent unsecured Interest free loan to the company as disclosed in financial
statements. Both of these directors has furnished a declaration that the sum they lent to the company
is not borrowed under Rule 2(1)(vii) of Chapter V & given by own funds.

DETAILS OF SIGNIFICANT MATERIAL ORDERS PASSED BY THE REGULATORS /

COURTS / TRIBUNAL IMPACTING THE GOING CONCERN STATUS AND COMPANY’S
OPERATION IN FUTURE
There are no significant material orders passed by the Regulators / Courts / Tribunal which would
impact the going concern status of the Company and its future operations. Hence, disclosure pursuant
to Rule 8 (5) (vii) of Companies (Accounts) Rules, 2014 is not required.

DETAILS IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH

REFERENCE TO THE FINANCIAL STATEMENTS PURSUANT TO RULE 8 (5) (viii) OF
COMPANIES (ACCOUNTS) RULES, 2014:
The Company has an adequate internal financial control system, commensurate with the size of its
business operations.

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HIMLAK INDUSTRIES PRIVATE LIMITED

ANNUAL RETURN
The extracts of Annual Return pursuant to the provisions of Section 92 read with Rule 12 of the
Companies (Management and administration) Rules, 2014 is furnished herewith this Report.

RELATED PARTY TRANSACTIONS

The particulars of contracts or arrangements with related parties referred to in sub section (1) of
section 188 entered by the Company during the financial year ended 31st March, 2023 is attached in
prescribed Form AOC-2 and forms part of this report.

REPORTING OF FRAUDS
There is NIL case of frauds during the reporting period.

DISCLOSURE OF COMPOSITION OF AUDIT COMMITTEE AND PROVIDING VIGIL

MECHANISM
The provisions of Section 177 of the Companies Act, 2013 read with Rule 6 and 7 of the Companies
(Meetings of the Board and its Powers) Rules, 2013 is not applicable to the Company. Hence,
disclosure pursuant to Section 177 (8) & (9) of the Companies Act, 2013 is not required.

ACKNOWLEDGEMENTS:
The Directors wish to place on record their appreciation to the wholehearted help and co- operation
the Company has received from the business associates, partners, vendors, clients, government
authorities, and bankers of the Company.

The relations between the management and the staff were cordial during the period under review.

The Company also wishes to put on record the appreciation of the work done by the staff. Your
Directors appreciate and value the trust imposed upon them by the members of the Company.
By order of the Board
HIMLAK INDUSTRIES PRIVATE LIMITED

JAI PRAKASH SINGH REENA KUMARI

Director Director
(DIN: 09433517) (DIN: 09433518)

Place: Patna
Date: 20th August 2023

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HIMLAK INDUSTRIES PRIVATE LIMITED

COMPLETE LIST OF SHAREHOLDERS, DEBENTURE HOLDERS (Forming Part of the

Annual Return MGT-7 ):

NAME OF THE COMPANY: HIMLAK INDUSTRIES PRIVATE LIMITED

CIN NO. : U24303BR2021PTC055534

Ledger Folio of Share /Debenture Holder/Other security 01

holder-
Share/Debenture Holder/ Other security holder’s full Name: SHIV SAGAR SINGH
Father’s/Mother’s / Spouse’s Name S/O RAM SAKAL SINGH
Joint Holder’s Full Name NA
Type of Share/ Debenture/other security EQUITY
Number of Share/Debentures/ Other securities held 7,000
Amount per Share / other security (in Rs.) 10
Date of becoming a member / other security holder 12.01.2021
Address : WARD NO.8
MANIKPUR
BHOJPUR
BIHAR 802163
Town/City : MANIKPUR
District : BHOJPUR
State : BIHAR
Country : INDIA

Ledger Folio of Share /Debenture Holder/Other security 02

holder-
Share/Debenture Holder/ Other security holder’s full Name: RAVI SHANKAR
Father’s/Mother’s / Spouse’s Name S/O CHANDESHWER SINGH
Joint Holder’s Full Name NA
Type of Share/ Debenture/other security Equity
Number of Share/Debentures/ Other securities held 3,000
Amount per Share / other security (in Rs.) 10
Date of becoming a member / other security holder:- 12.01.2021
Address : VILL SARWAN
SARWAN BIKRAM
PATNA
BIHAR 801104
Town/City : PATNA
District : PATNA
State : BIHAR
Country : INDIA

a) Total number of members at the date of incorporation/end of previous financial year 2

b) Number of persons who have become members since incorporation / end of previous financial year NIL

c) Number of persons who have ceased to be members since incorporation / end of previous NIL
financial year
d) Number of members as on the end of financial year 2

For INDO AUTOELECTRIC PRIVATE LIMITED

JAI PRAKASH SINGH REENA KUMARI

Director Director
(DIN: 09433517) (DIN: 09433518)

CIN NO. U24303BR2021PTC055534

HIMLAK INDUSTRIES PRIVATE LIMITED

Form No. AOC-2

(Pursuant to clause (h) of sub-section (3)of section 134 of the Act and Rule 8(2) of the
Companies (Accounts) Rules, 2014)

Form for disclosure of particulars of contracts/arrangements entered into by the company with related
parties referred to in sub-section (1) of section 188 of the Companies Act, 2013 including certain
arms length transactions under third proviso thereto

1. Details of contracts or arrangements or transactions not at arm’s length basis

There were no contracts or arrangements or transactions entered in to during the year ended 31st
March, 2023, which were not arm's length basis.

2. Details of material contracts or arrangement or transactions at arm’s length basis:

Name of related party : Eco Friendly Enterprises
Nature of Contract : Sale of Goods
Duration of Contract : On going
Date of approval by board : 04.04.2022
Amount in INR (‘000) : Rs 3973.63 Thousands
Amount Outstanding as on 31.03.2023 : Rs 592.81 Thousand (Debit)
Amount paid As Advance : NIL
Amounts written off or written back in the period in respect of debts : NIL
due from or to related parties.

Name of related party : Indo Automotive

Nature of Contract : Sale & Purchase of Goods
Duration of Contract : On going
Date of approval by board : 04.04.2022
Amount in INR (‘000) : Sale Rs 0.00 Thousands Purchase
Rs. 0.00 Thousands
Amount Outstanding as on 31.03.2023 : Rs 115.80 Thousand (Debit)
Amount paid As Advance : NIL
Amounts written off or written back in the period in respect of debts : NIL
due from or to related parties.

Name of related party : Rajputana Engineers

Nature of Contract : Purchase of Goods
Duration of Contract : On going
Date of approval by board : 04.04.2022
Amount in INR (‘000) : Purchase Rs. 346.49 Thousands
Amount Outstanding as on 31.03.2023 : Rs 0.00 Thousand
Amount paid As Advance : NIL
Amounts written off or written back in the period in respect of debts : NIL
due from or to related parties.

For INDO AUTOELECTRIC PRIVATE LIMITED

JAI PRAKASH SINGH REENA KUMARI

Director Director
(DIN: 09433517) (DIN: 09433518)

CIN NO. U24303BR2021PTC055534

HIMLAK INDUSTRIES PRIVATE LIMITED

Key Managerial Personnel:

(Amount in ‘000)
SHIV SAGAR SINGH RAVI SHANKAR VIDYA SAGAR SINGH
Nature of 2022-23 2021-22 2022-23 2021-22 2022-23 2021-22
Transactions
Managerial 1200.00 900.00 800.00 600.00 0.00 0.00
Remuneration paid
Outstanding at year- 1850.40 814.20 611.60 296.60 0.00 0.00
end - Payable

For INDO AUTOELECTRIC PRIVATE LIMITED

JAI PRAKASH SINGH REENA KUMARI

Director Director
(DIN: 09433517) (DIN: 09433518)

CIN NO. U24303BR2021PTC055534

HIMLAK INDUSTRIES PRIVATE LIMITED

LIST OF DIRECTORS

DIN NO NAME DESIGNATION

09433517 JAI PRAKASH SINGH DIRECTOR

09433518 REENA KUMARI DIRECTOR

For INDO AUTOELECTRIC PRIVATE LIMITED

JAI PRAKASH SINGH REENA KUMARI

Director Director
(DIN: 09433517) (DIN: 09433518)

CIN NO. U24303BR2021PTC055534

HIMLAK INDUSTRIES PRIVATE LIMITED

DETAIL OF HEAD OFFICE & BRANCH:

HEAD OFFICE
1. Himlak Industries Private Limited
Registered office Village- Nayaganw, Tola-
Baherwagachhi, Block- Sonepur, Saran, Bihar, India-
841217
GSTIN: 10AAFCI9786B1ZN

For INDO AUTOELECTRIC PRIVATE LIMITED

JAI PRAKASH SINGH RAVI SHANKAR

Director Director
(DIN: 09433517) (DIN: 09433518)

CIN NO. U24303BR2021PTC055534

HIMLAK INDUSTRIES PRIVATE LIMITED

LIST OF DIRECTORS

DIN NO NAME DESIGNATION

09433517 JAI PRAKASH SINGH DIRECTOR

09433518 REENA KUMARI DIRECTOR

For INDO AUTOELECTRIC PRIVATE LIMITED

JAI PRAKASH SINGH REENA KUMARI

Director Director
(DIN: 09433517) (DIN: 09433518)

CIN NO. U24303BR2021PTC055534

HIMLAK INDUSTRIES PRIVATE LIMITED

DATES OF MEETINGS OF THE BOARD OF DIRECTORS

INCORPORATION TO 31.03.2022 FINANCIAL YEAR 2022-23

16.01.2021 04.04.2022
09.04.2021 04.07.2022
15.07.2021 22.08.2022
20.10.2021 29.11.2022
07.12.2021 28.02.2023
27.01.2022

For INDO AUTOELECTRIC PRIVATE LIMITED

JAI PRAKASH SINGH REENA KUMARI

Director Director
(DIN: 09433517) (DIN: 09433518)

CIN NO. U24303BR2021PTC055534