Govati Financials FY 2021-22

GOVATI PRODUCTS PRIVATE LIMITED
CIN: U74999KA2017PTC109009
No.5, Ashirvad, 3rd Floor, 7th Cross Road, Ashwini Layout, Ejipura, Bengaluru 560095
Email ID: kirankumar87@gmail.com Mobile No.: 9964949502
Balance Sheet as at 31st March 2022

As at As at
Particulars Notes 31.03.2022 31.03.2021
A EQUITY AND LIABILITIES
(1) Shareholders' Funds
(a) Share Capital 2 100,000 100,000
(b) Reserves & Surplus 3 (3,242,307) (1,774,267)
(3,142,307) (1,674,267)
(2) Current Liabilities
(a) Short Term Borrowings 4 2,352,536 1,992,536
(b) Trade Payables 5
(A) Micro enterprises and small enterprises; - -
(B) other than micro enterprises and small enterprises; 490,940 6,262
(c) Other Current liabilities 6 840,438 180,438
3,683,914 2,179,236
Total 541,607 504,969
B ASSETS
(1) Non-Current Assets
(a) Property, Plant and Equipment and Intangible assets 7
(i) Property, Plant and Equipment - 912
(ii) Intangible Assets 304,730 304,730
304,730 305,642
(2) Current Assets
(a) Inventories 8 45,000 164,000
(b) Trade Receivables 9 - 629
(c) Cash and cash equivalents 10 122,859 10,207
(d) Other current assets 11 69,018 24,491
236,877 199,327
Total 541,607 504,969
Summary of Significant accounting policies is provided in Note 1 1

The accompanying notes are an integral part of the Financial Statements
For and on behalf of the Board of

As per our report of even date attached Directors
For Tejus and Ravi kiran
Chartered Accountants
FRN : 013418S KIRAN KUMAR UDHAY KUMAR
Director
DIN - 08000683
Tejus B S
Partner SUNIL GOKAK LAXMAN
M No: 224893 Director
UDIN: DIN - 08000662
Place : Bangalore
Date :
CIN: U74999KA2017PTC109009
Statement of Profit and Loss for the year ended 31st March 2022
As at As at
Particulars 31.03.2022 31.03.2021
Notes
CONTINUING OPERATIONS
I Income 12 300,000 149,555
II Other Income 13 - 24,533
III Total Income (I+II) 300,000 174,088
IV Expenses:
Cost of Material Consumed 14 493,896 160,000
Changes in inventories 15 119,000 162,000
Employee Benefits Expenses 16 600,390 279,988
Depreciation and Amortization Expenses 7 912 1,563
Other Expenses 17 553,842 205,057
Total Expenses 1,768,040 808,608
V Profit/(Loss) before tax (III-IV) (1,468,040) (634,520)

VI Tax Expense:
- Current Tax - -
- Deferred Tax - -
VII Profit /(Loss) for the year (1,468,040) (634,520)
VIII Basic Earnings per share 18

Basic (146.8) (63.5)
Diluted (146.8) (63.5)
Summary of Significant accounting policies is provided in No 1

The accompanying notes are an integral part of the Financial Statements
As per our report of even date attached For and on behalf of the Board of Directors
For Tejus and Ravi kiran
FRN : 013418S KIRAN KUMAR UDHAY KUMAR
Director
DIN - 08000683
Tejus B S
Partner
M No: 224893 SUNIL GOKAK LAXMAN
UDIN: Director
DIN - 08000662
Place : Bangalore
Date :
CIN: U74999KA2017PTC109009
Notes to the financial statements for the year ended March 31, 2022
Note 1
Company Overview
GOVATI PRODUCTS PRIVATE LIMITED is a private limited company (CIN - U74999KA2017PTC109009) incorporated
under Companies Act, 2013 on 27th December, 2018.
The company is engaged in the business of Ayurvedic medicine manufacturing and Alkaline water products
Summary of Significant Accounting Policies
1 Basis of preparation of financial statements

The financial statements of the company have been prepared in accordance with the generally accepted
accounting principles in India (Indian GAAP). The company has prepared these financial statements to comply in
all material respects with the accounting standards notified under Section 133 of the Companies Act, 2013, read
together with paragraph 7 of the Companies (Accounts) Rules 2014. The financial statements have been
prepared on a going concern basis and an accrual basis and under the historical cost convention.
2 Use of Estimates
The preparation of financial statements in conformity with general accepted accounting principles 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 and the results of operations during the
reporting period end. Although these estimates are based upon management’s best knowledge of current
events and actions, actual results could differ from these estimates.
3 Property Plant & Equipments and depreciation

(i) Property Plant & Equipments
(a) Tangible assets and Capital work-in progress
Property, Plant and Equipment are stated at cost less accumulated depreciation. The Company capitalises all
costs relating to the acquisition and installation of Property, Plant and Equipment.
(b) Intangible Assets

Intangible assets are recorded at the consideration paid for acquisitionof such assets and are carried at cost less
accumulated amortisation and impairment.
(ii) Useful lives/depreciation rates
Schedule II to the Companies Act 2013 prescribes useful lives for fixed assets. Which allows companies to use
higher/ lower useful lives and residual values if such useful lives and residual values can be technically supported
and justification for difference is disclosed in the financial statements.
(iii) Depreciation on Tangible assets

However during the FY 2021-22
Particulars Useful life
Computers 3 years
4 Revenue Recognition
(i) Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company,
the revenue from
(ii) Revenue can be reliably
supply measured,
of goods and no significant
is recognized when theuncertainty
substantial exists regarding
risk and rewardsrealization of the
of ownership is transferred
to the buyer.
(iii) Income from Interest on bank deposits is accounted on accrual basis.
5 Expenditure
A provision is recognized when an enterprise has a present obligation as a result of past event; it is probable that
an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be
made. Provisions are not discounted to its present value and are determined based on best estimate required to
settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to
reflect the current best estimates.
6 Earnings Per Share

Basic earnings per share amounts are computed by dividing net profit or loss for the period attributable to equity
shareholders by the weighted average number of shares outstanding during the year. For the purpose of
calculating diluted earnings per share, the net profit for the year attributable to equity shareholders and the
weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive
potential equity shares.
7 Foreign currency transactions and balances

(i) Initial recognition
Foreign currency transactions are recorded in the reporting currency, by applying to the foreign currency amount
the exchange rate between the reporting currency and the foreign currency on the date of the transaction.
(ii) Exchange differences

Exchange differences arising on settlement are recognized as income or as expenses in the period in which they
arise.
8 Retirement Benefits
Retirement Benefits cost for the year are determained on the following basis:
1. As the company is with less than 20 employees and the provisions of The Employees' Provident Fund and
Miscellaneous Provisions Act 1952 are not applicable to the company for reporting period.
2. As the Company is with less than 10 employees and the provision of The payment and Gratutity Act, 1972(The
Gratituty Act) are not applicable to the company for the reporting period.
9 Inventories
Items of inventories are measured at lower of cost or net realizable value after providing for
obsolescence, if any. Cost of inventories comprises of cost of purchase, cost of conversion and other costs
incurred in bringing them to their respective present location and condition. Cost of raw materials, stores, spares,
packing materials and other products are determined on FIFO basis.
10 Accounting for Tax on Income

Current tax is determined based on the amount of tax payable in respect of taxable income for the year.
Deferred tax is recognized on timing differences: being the difference between the taxable incomes and
accounting income that originate in one year and are capable of reversal in one or more subsequent years.
Deferred tax assets and liabilities have been enacted or substantively enacted by the Balance sheet date.
Deferred tax assets arising on account of unabsorbed depreciation or carry forward of tax losses are recognized
only to the extent that there is virtual certainty supported by convincing evidence that sufficient future taxable
income will be available against which such deferred tax assets can be realized.
11 Contingent Liabilities & Provisions

In terms of the requirements of the Accounting Standard 29 (AS 29) on “Provisions, Contingent Liabilities and
Contingent Assets” notified by Companies (Accounting Standards) Rules 2021:-
• where, as a result of past events, there is a present obligation that probably requires an outflow of resources
and a reliable estimate can be made of the amount of obligation- an appropriate provision is created and
disclosed;
• where, as a result of past events, there is a possible obligation that may, but probably will not require an
outflow of resources- no provision is recognized but appropriate disclosure made as contingent liabilities unless
the possibility of outflow is remote.
Additional Notes
12 12.1 Management is of the opinion that all the Current Assets are realizable at the stated value in the normal
course of business
12.2 Balances and provisions
of Sundry Creditors,are made
Sundry for all the
Debtors andexpected liabilities. are subject to confirmation and
Loans & Advances
reconciliation, if any.
12.3 Under the Micro, Small and Medium Enterprises Development Act, 2006, which came into effect from
October 2, 2006, certain disclosures are required to be made relating to Micro, Small and Medium Enterprises
such as outstanding for more than 45 days and Interest payable on the same etc. However, the company has not
received the required information from its suppliers regarding their status under this Act, accordingly disclosures,
along with the provision, if any, required under the said Act have not been made.
CIN: U74999KA2017PTC109009
Notes to the financial statements for the year ended 31 March 2022(continued)
2 Share Capital
2.1 Details of authorised, Issued, Subscribed and paid up capital
Particulars As at 31st March 2022 As at 31st March 2021
Number Amount(Rs.) Number Amount(Rs.)
Authorised Share Capital
1,00,000 equity shares of ₹ 10 each 100,000 1,000,000 100,000 1,000,000
100,000 1,000,000 100,000 1,000,000
Issued, Subscribed and paid up

10,000 equity shares of ₹ 10 each fully paid up 10,000 100,000 10,000 100,000
Total 10,000 100,000 10,000 100,000
2.2 Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the reporting period :
Number Amount(Rs) Number Amount(Rs)
Equity Shares
Shares Outstanding at the beginning of the year 10,000 100,000 10,000 100,000
Issued during the year - - - -
Shares bought back - - - -
Shares Outstanding at the end of reporting period 10,000 100,000 10,000 100,000
Share outstanding at the end of the reporting period 10,000 100,000 10,000 100,000
2.3 Details of shares held by each shareholder holding more than 5% shares:
Name of Shareholder As at 31st March 2022 As at 31st March 2021
No. of % of holding No. of Shares % of holding
Shares
Equity Shares
Kiran Kumar Udhay Kumar 5,000 50% 5,000 50%
Sunil Gokak Laxman 5,000 50% 5,000 50%
2.4 Equity Shares of the company held by promoters at the end of the year:
a. Promoter Name: Kiran Kumar Udhay Kumar
Number of shares held 5,000 5,000
% of shares held 50% 50%
Changes during the year NA NA
b. Promoter Name: Sunil Gokak Laxman

Number of shares held 5,000 5,000
% of shares held 50% 50%
Changes during the year NA NA
2.5 Terms/Rights attached to equity shares :

Terms & conditions of Equity Shares:
The Company has equity shares having a face value of Rs. 10/- per share.
Terms and conditions attached to
Equity shares : Each holder of equity is entitled to one vote per share. In the event of liquidation of the company, the holders
of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential claims. The
distribution will be in proportion to the number of equity shares held by the shareholders. The company has not declared any
dividend during the year.
CIN: U74999KA2017PTC109009
3 Reserves and Surplus

Particulars As at 31st March As at 31st March
2022 2021
( Amount in Rs) ( Amount in Rs)
Securities Premium - -
General Reserve - -
- -
Surplus/ (Deficit) in the Statement of Profit and Loss
Balance in Statement of Profit and Loss at the beginning of the year (1,774,267) (1,139,747)
Add/Less : Surplus (or Deficit) for the period (1,468,040) (634,520)
Balance at the end of the period (3,242,307) (1,774,267)
Total (3,242,307) (1,774,267)
4 Short Term Borrowings

2022 2021
Unsecured Loans:
Loans and Advances from Related Parties (refer note below)
Kiran Kumar Udhay Kumar 2,195,991 1,835,991
Sunil Gokak Laxman 156,545 156,545
Total 2,352,536 1,992,536
Loan taken from Security Relation Term

Kiran Kumar Udhay Kumar Unsecured Director & -
Shareholder
Sunil Gokak Laxman Unsecured Director & -
Shareholder
The Loan amount is repayable on demand and is interest free.

5 Trade Payables
2022 2021
a. Outstanding towards micro and small enterprises* - -
b. Others
- for goods 490,940 6,262
- for expenses - -
Total 490,940 6,262
*To comply with the requirement of The Micro, Small and Medium Enterprises Development Act, 2006, the
Company requested its suppliers to confirm it whether they are covered as Micro, Small or Medium enterprise
as is defined in the said Act. Based on the communication received from such suppliers , it is confirmed that
there are no parties covered under Micro and Small Enterprises.
Ageing of Trade Payables: As at 31st March As at 31st March

2022 2021
Undisputed
MSME - -
Others
Dues - less than 1 Year 484,671 -
Dues - 1 Year to 2 years - 6,262
Dues - 2 Years to 3years 6,269 -
Dues more than 3 years - -
490,940 6,262
Disputed
(a)MSME - -
(b)Others - -
Total 490,940 6,262
6 Other Current Liabilities

2022 2021
Salary Payable 760,438 160,438
Audit fee Payable 30,000 20,000
Other Payable 50,000 -
Total 840,438 180,438
8 Inventories
2022 2021
Closing Stock 45000 164000
Total 45,000 164,000
9 Trade Receivables
2022 2021
(Unsecured,Considered good)
a.Undisputed trade receivable considered good - 629
b.Undisputed trade receivable - considered doubtful - -
Total - 629
Ageing of Trade Receivables As at 31st March As at 31st March

2022 2021
1.Undisputed
(a)Considered Good
Due 6 Months to 1 Year - -
Due 1 Year to 2 years - 629
Due 2 Year to 3years - -
Due more than 3 years - -
(b)Considered doubtful - -
- 629
2.Disputed
(a)Considered Good - -
(b)Considered doubtful - -
Total -- -
629
10 Cash and Cash Equivalents

2022 2021
Cash and cash equivalents
-Cash on hand - 3,900
-Balance with Banks 122,859 6,307
Total 122,859 10,207
11 Other current assets

2022 2021
Preliminary Expenses (Refer Note Below) - 7,530
GST Input 69,018 16,961
Total 69,018 24,491
Note
2022 2021
Opening Balance 7,530 15,060
Less: 1/5th of Incorporation Expenses (7,530) (7,530)
- 7,530
CIN: U74999KA2017PTC109009
12 Income
Particulars As at As at
31.03.2022 31.03.2021
(Amount in Rs.) (Amount in Rs.)
Sale of Goods
Domestic Sales
Sale of Medicines 300,000 149,555
Total Income 300,000 149,555
13 Other Income
31.03.2022 31.03.2021
Other Income
Miscellaneous income - 24,533
Total - 24,533
14 Cost of Material Consumed

31.03.2022 31.03.2021
Domestic Purchases 493,896 160,000
Total 493,896 160,000
15 Changes in inventories
31.03.2022 31.03.2021
Inventory at the beginning of the year 164,000 326,000
Less: Inventory at the end of the year 45,000 164,000
Total 119,000 162,000
16 Employee Benefit Expenses
31.03.2022 31.03.2021
Salaries, wages and bonus 600,000 279,988
Staff Welfare 390
Total 600,390 279,988
17 Other Expenses
31.03.2022 31.03.2021
Audit fees 10,000 10,000
Bank Charges 12,212 6,323
Preincorporation Expenses written off 7,530 7,530
Consulting charges 400,000 -
Professional charges 100,000 -
Printing and Stationery 10,200 4,704
Travelling Expenses 13,900 -
Research on Alkaline Drops - 176,500
Total 553,842 205,057
Payment to Auditors As at As at
31.03.2022 31.03.2021
Statutory Audit 10,000 10,000
Total 10,000 10,000
18 EARNINGS PER SHARE ( EPS )
Basic and diluted earning per share: As at As at

31.03.2022 31.03.2021
Basic
Net profit / (loss) after tax (1,468,040) (634,520)
Net profit /(loss) for calculation of EPS (1,468,040) (634,520)
Weighted average number of equity shares in calculating 10,000 10,000

basic EPS
Weighted average number of equity shares in calculating 10,000 10,000
Diluted EPS
Basic Earnings Per Share (146.80) (63.45)
Diluted Earnings Per Share (146.80) (63.45)
CIN: U74999KA2017PTC109009
Note 19
Related Party Disclosures
Related parties with whom transactions have taken place during the year
Names of related parties and description of relationship:

Kiran Kumar Udhay Kumar Director & Shareholder
Sunil Gokak Laxman Director & Shareholder
As at Additions during As at
Nature of transactions 31st March 2021 the year 31st March 2022
Advanced Received/(Paid)
Kiran Kumar Udhay Kumar 2,195,991 360,000 2,555,991
Sunil Gokak Laxman 156,545 - 156,545
Loans obtained and Repayment thereof Year Ended Loan Obtained Interest Repayment Amount owned to
/Set off related parties
Kiran Kumar Udhay Kumar 31-Mar-22 2,195,991 - - 2,195,991

Sunil Gokak Laxman 31-Mar-22 156,545 - - 156,545
2,352,536 - - 2,352,536
Note 20
Details of dues to micro and small enterprises as defined under the MSMED Act, 2006
As at As at 31st
31st March 2022 March 2021
The principal amount and the interest due thereon remaining unpaid to any supplier as at the
end of accounting year
Principal amount due to micro and small enterprises Nill Nill
Interest accrued and remaining unpaid at the end of accounting year Nill Nill
Nill Nill
Note 21
Foreign exchange
There are no Foreign currency transactions during the year.
Note 22
Gratuity and other employee benefits
The company has not made any provision for gratuity or leave encashment during the year.
Note 23
Trade Payables and Loans & Advances
Trade Payables, Loans and Advances balances disclosed in the financial statement has been reconciled properly as at the end of the financial year.They
are no outstanding payments relating to MSME vendors
Note 24
Capital and other commitments
There were no capital and other commitments as on Balance Sheet date.
Note 25
Previous year figures
Previous year’s figures have been regrouped wherever necessary to confirm to the current year’s classification.
Other Additional Disclosures
Note 26
Loans given to directors,promoters,related parties,key management personnel
Type of Borrower As at 31st March 2022 As at 31st March 2021
Amount Amount
Outstanding % of Total Outstanding % of Total
Promoters 0 0% 0 0%
Directors 0 0% 0 0%
Key management personnel 0 0% 0 0%
Related parties 0 0% 0 0%
Total - - - -
Note 27
Crypto Currency or Virtual Currency
There were no transactions involving trading or investment in crypto currency or virtual currency during the year
Note 28
Proceedings against
There were no Benamiinitiated
proceedings Properties
against the company for holding any benami property under the Benami Transactions (Prohibition), Act 1988 and
rules made thereunder
Note 29
Utilization of Borrowed Funds and Share Premium
The company has not entered in to the following transactions:
(i) Advanced or loaned to or invested funds in any other entity or person, including foreign entities, with an understanding to directly or indirectly lend to
or invest in other persons or entities (ultimate beneficiary/s), or provide guarantee or security to or on behalf of the ultimate beneficiary/s.
(ii) Received from any other entity or person, including foreign entities, with an understanding to directly or indirectly lend or invest in other persons or
entities by or on behalf of ultimate beneficiary/s or provide guarantee or security on behalf of ultimate beneficiary/s.
Note 30
Wilful Defaulter
The company has not defaulted any loans from banks or financial institutions during the period under review.
Note 31
Relationship
The Companywith
doesStruck-off Companies
not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act,
1956.
Note 32
Compliance with approved Scheme(s) of Arrangements
The Company has not entered into any scheme of arrangement during the period under review.
As per our report of even date attached
For Tejus and Ravi kiran For and on behalf of the Board of Directors
FRN : 013418S
Tejus B S KIRAN KUMAR UDHAY KUMAR SUNIL GOKAK LAXMAN

Partner Director Director
M No: 224893 DIN - 08000683 DIN - 08000662
UDIN:
Place : Bangalore
Date :
Govati Products Private Limited
CIN: U74999KA2017PTC109009
Email ID: kirankumar87@gmail.com Mobile No.:9964949502
Notes to the financial statements (continued)
7
Property, Plant and Equipments and Intangible Assets
Gross block Accumulated depreciation Net block
As at beginning of the reporting Additions Deletion As at end of the As at beginning of the Depreciation for the Reversal As at end of the As at end of the
Particulars period reporting period reporting period year reporting period reporting period
Depreciation
%
Tangible assets
Computer and Accessories 100% 4,457 - - 4,457 3,545 912 - 4,457 -
Total - A 4,457 - - 4,457 3,545 912 - 4,457 -
Intangible assets
Research on Alkaline Drops WIP 304,730 - - 304,730 - - - - 304,730
-
Total - B 304,730 - - 304,730 - - - - 304,730
Grand total (A+B) 309,187 - - 309,187 3,545 912 - 4,457 304,730

ANNEXURE - ANALYTICAL RATIOS
PARTICULARS AMOUNT RATIO Variance Refer Notes

ANALYTICAL RATIO ( Numerator /
Denominator) Current Year Previous Year Current Year Previous Year
CURRENT RATIO Current asset 236,877 199,327
Current liablity 3,683,914 2,179,236 0.06 0.09 -30% 33
Total debt (Long term

borrowings+Short term
DEBT EQUITY RATIO borrowings) 2,352,536 1,992,536
Shareholders equity 3,142,307 1,674,267 0.75 1.19 -37.1% 34
DEBT SERVICE Earnings available for

COVERAGE RATIO debt services NA NA
Debt services NA NA NA NA NA 35
RETURN ON EQUITY Net profit (1,468,040) (634,520)

Average Shareholders
equity (2,408,287) (1,357,007) 0.61 0.47 30.4% 36
INVENTORY TURNOVER
RATIO Cost of goods sold 612,896 322,000
Average inventory 104,500 82,000 5.87 3.93 49% 37
TRADE RECEIVABLES
TURNOVER RATIO Net credit sales 29,456 19,562
Average accounts
receivables 314 314 93.70 62.23 51% 38
TRADE PAYABLES
TURNOVER RATIO Net credit purchases - -
Average trade payables 248,601 3,131 NA NA NA 39
Working Capital
turnover Ratio Net Sales 300,000 149,555
Average Working capital (2,713,473) (1,663,430) -0.11 -0.09 23% 40
Net Profit ratio Net Profit after tax (1,468,040) (634,520)

Net Sales 300,000 149,555 -4.89 -4.24 15.3% 41
Return on Capital Earnings before Interest

Employed and Taxes (1,468,040) (634,520)
Average Capital
Employed (2,408,287) (1,357,007) 0.61 0.47 30% 42
Income generated from

Return on Investment Investments NA NA
Time weighted average
Investments NA NA NA NA NA
NOTES:
33. As loan from director has been received during the reporting period, current liability has increased significantly
34. As loan from director has been received during the reporting period, Short term / current liability has increased significantly.
35. There is no Debt service expenses
36. Operating loss of the company during the reporting period has increased comparing to last year.
37. In current year the sales has been increased
38. In current year the credit sales also increased therefore % of variance when compare to last yaer also increased
39. The company does not have any credit purchases at the beginning of the year
40. The company has sold more when compare to last FY 2020-21
41. The company has more sales and more operating loss during the currunt FY 2021-22
42. Operating loss of the company during the reporting period has increased compare to last year.
21-22 20-21 19-20

CA 236,877 199,327 352,923
CL 3,683,914 2,179,236 1,699,875
WC (3,447,037) (1,979,909) (1,346,952)
(2,713,473) (1,663,430)
TA 541,607 504,969 660,128

CL 3,683,914 2,179,236 1,699,875
CE (3,142,307) (1,674,267) (1,039,747)
(2,408,287) (1,357,007)
Govati Products Pvt Ltd
Trial Balance
1-Apr-2021 to 31-Mar-2022
Govati Products Pvt Ltd
Particulars 1-Apr-2021 to 31-Mar-2022
Opening Nett Closing
Balance Transactions Balance
Capital Account 100000.00 Cr 100000.00 Cr
Equity Share Capital 100000.00 Cr 100000.00 Cr
Loans (Liability) 1992535.58 Cr 360000.00 Cr 2352535.58 Cr
Unsecured Loans 1992535.58 Cr 360000.00 Cr 2352535.58 Cr
Current Liabilities 169739.21 Cr 1092620.34 Cr 1262359.55 Cr
Duties & Taxes 16960.95 Dr 2057.52 Dr 19018.47 Dr
Provisions 180438.00 Cr 610000.00 Cr 790438.00 Cr
Sundry Creditors 6262.16 Cr 484677.86 Cr 490940.02 Cr
Output CGST@2.5%
Output Sgst 2.5%
Fixed Assets 305641.71 Dr 912.00 Cr 304729.71 Dr
Accumulated Depreciation 3545.00 Cr 3545.00 Dr
Computers and Hardware 4457.00 Dr 4457.00 Cr
Intellectual Property - Alkaline Drops 304729.71 Dr 304729.71 Dr
Current Assets 174836.06 Dr 112022.80 Dr 286858.86 Dr
Opening Stock 164000.00 Dr 164000.00 Dr
Sundry Debtors 628.71 Dr 628.71 Cr
Cash-in-Hand 3900.00 Dr 3900.00 Cr
Bank Accounts 6307.35 Dr 116551.51 Dr 122858.86 Dr
Misc. Expenses (ASSET) 7530.00 Dr 7530.00 Cr
Preliminary Expenses 7530.00 Dr 7530.00 Cr
Sales Accounts 300000.00 Cr 300000.00 Cr
Taxable Income 300000.00 Cr 300000.00 Cr
Purchase Accounts 493895.86 Dr 493895.86 Dr
GST Purchase 376452.34 Dr 376452.34 Dr
Purchase of Cow Dung 28543.52 Dr 28543.52 Dr
Purchase of Herbs 66000.00 Dr 66000.00 Dr
Purchase of Turmeric 22900.00 Dr 22900.00 Dr
Indirect Expenses 1155143.68 Dr 1155143.68 Dr
Audit Fee 10000.00 Dr 10000.00 Dr
Bank Charges 12211.82 Dr 12211.82 Dr
Consulting Charges 400000.00 Dr 400000.00 Dr
Depreciation 912.00 Dr 912.00 Dr
Preincorporation Expenses Written Off 7530.00 Dr 7530.00 Dr
Printing & Stationery 10200.00 Dr 10200.00 Dr
Professional Charges 100000.00 Dr 100000.00 Dr
Rounding Charges 0.14 Cr 0.14 Cr
Salary A/c 600000.00 Dr 600000.00 Dr
Staff Welfare 390.00 Dr 390.00 Dr
Travelling Expenses 13900.00 Dr 13900.00 Dr
Profit & Loss A/c 1774267.02 Dr 1774267.02 Dr
Grand Total
Provisions
Salary payable 760438
Audit fee payable 30000
Duties and taxes

TDS payable 50000
GST Input 69018
Unsecured loans Opening During theClosing

Kiran Kumar 2195991 360000 2,555,991
Sunil Gokak 156545 - 156,545
Current Assets
Closing stock 45000

Govati Financials FY 2021-22

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Govati Financials FY 2021-22

Uploaded by

Copyright:

Available Formats

GOVATI PRODUCTS PRIVATE LIMITED

Balance Sheet as at 31st March 2022

Summary of Significant accounting policies is provided in Note 1 1

For and on behalf of the Board of

III Total Income (I+II) 300,000 174,088

V Profit/(Loss) before tax (III-IV) (1,468,040) (634,520)

VIII Basic Earnings per share 18

Summary of Significant accounting policies is provided in No 1

Summary of Significant Accounting Policies

1 Basis of preparation of financial statements

3 Property Plant & Equipments and depreciation

(b) Intangible Assets

(iii) Depreciation on Tangible assets

6 Earnings Per Share

7 Foreign currency transactions and balances

(ii) Exchange differences

10 Accounting for Tax on Income

11 Contingent Liabilities & Provisions

Issued, Subscribed and paid up

b. Promoter Name: Sunil Gokak Laxman

2.5 Terms/Rights attached to equity shares :

3 Reserves and Surplus

Total (3,242,307) (1,774,267)

4 Short Term Borrowings

Loan taken from Security Relation Term

The Loan amount is repayable on demand and is interest free.

Ageing of Trade Payables: As at 31st March As at 31st March

6 Other Current Liabilities

Ageing of Trade Receivables As at 31st March As at 31st March

10 Cash and Cash Equivalents

11 Other current assets

14 Cost of Material Consumed

Basic and diluted earning per share: As at As at

Weighted average number of equity shares in calculating 10,000 10,000

Names of related parties and description of relationship:

Kiran Kumar Udhay Kumar 31-Mar-22 2,195,991 - - 2,195,991

Other Additional Disclosures

As per our report of even date attached

Tejus B S KIRAN KUMAR UDHAY KUMAR SUNIL GOKAK LAXMAN

Grand total (A+B) 309,187 - - 309,187 3,545 912 - 4,457 304,730

PARTICULARS AMOUNT RATIO Variance Refer Notes

Total debt (Long term

DEBT SERVICE Earnings available for

RETURN ON EQUITY Net profit (1,468,040) (634,520)

Average trade payables 248,601 3,131 NA NA NA 39

Average Working capital (2,713,473) (1,663,430) -0.11 -0.09 23% 40

Net Profit ratio Net Profit after tax (1,468,040) (634,520)

Return on Capital Earnings before Interest

Income generated from

21-22 20-21 19-20

TA 541,607 504,969 660,128

Duties and taxes

Unsecured loans Opening During theClosing

You might also like