Note No.

14 - Financial Ratios

Sr.No. Ratios Numerator

a Current Ratio Current Assets
b Debt Equity Ratio Debt (Long Term & Short Term Borrowings)
c Debt Service Coverage Ratio Profit for the Year
d Return on Equity Ratio Profit for the Year less Preference Dividend, if an
e Inventory Turnover ratio NA
f Trade Receivable Turnover Ratio Revenue from Operations
g Trade Payable Turnover Ratio Purchases
h Net Capital Turnover Ratio Revenue from Operations
i Net Profit Ratio Profit for the Year
j Return on Capital Employed Profit Before Tax & Finance Costs
k Return on Investment Income Generated from Invested Funds
Notes:
1 Depreciation Reduced
2

Particulars Description

Inventories+Sundary debtors+cash and

Equivalents+Receivables+Loans and
Advances+Disposable Investments+any other
Current assets current assets

Creditors for goods and services+Short term

loans+bank OD + cash credit +Outstanding
expenses+Provision for taxation+Proposed
dividend+Unclaimed dividend+Any other
Current Liabilities current liability
Debt Long Term & Short Term Borrowings
Average Trade Receivables Trade Receivables
Average Trade Payables Trade Payables - MSME & Others
Equity share capital + Reserves and Surplus
Total Equity (Excluding fictitious assets)
Equity share capital + Reserves and Surplus
Average Total Equity (Excluding fictitious assets)
Profit after taxes+Non cash operating expenses+
Earnings available for Debt interest + other adjustments like loss on sale of
Services fixed asset
Capital employed Equity + Long Term Debt
Net Profit after taxes -
Sales Revenue from Operations
EBIT Profit before tax + Interest
Investments Time Weighted Average Investments

Earnings Available for debt service

 Denominator 2021 - 2022 2020 - 2021 % Variance Reason for variance
Current Liabilities 0.29 0.28 3.52% NA
Shareholder's Fund 0.82 0.81 0.64% NA
Total Debt 3.59 - #DIV/0! NA
Average Shareholder's Fund 7.36 4.57 61.15% Note 1
NA - - 0.00% NA
Average Trade Receivables 15.70 5.66 177.24% NA
Average Trade Payables - - 0.00% NA
Equity & Long Term Debt 0.73 0.75 -2.84% NA
Revenue from Operations 0.05 0.03 65.87% Note 2
Equity & Long Term Debt 7.58 7.88 -3.88% NA
Time Weighted Average Investments - - 0.00% NA

2021 - 2022 2020 - 2021

5,657,908.58 7,322,010.10

25,020,724.44 25,900,791.51
11,600,519.94 10,677,790.76
1,238,055.00 3,272,697.00
- -

14,164,899.38 13,121,665.13

14,164,899.38 13,121,665.13

2,118,086.55 2,378,981.25
26,706,854.79 24,740,891.36
1,043,234.25 599,694.48
19,436,913.25 18,532,777.25
2,023,684.25 1,950,444.90
- -
Earnings Available for debt services/(Interest + Installment)

COGS or sales / Average inventory

{Net Credit sales / Average Account receivable}
{Net Credit Purchases / Average accounts payable}
{Net Sales/Capital Employed}
{Net Profit after taxes /Sales }*100

(Return or Profit or earnings)/Investment * 100

 VRINDAVAN COLD STORAGE (INDORE) PVT. LTD., INDORE
CIN : U63022MP2000PTC014257

Note 25 : Disclosure as required by Para 20 of Accounting Standard-AS 18 ”Related Parties”

of the Companies (Accounting Standard) Rules, 2006:-
CIN :

Names of related parties and description of relationship :

Sr.No. Name Relation

1 Mr. Rajendra Singh Bhullar, DirecKey Management Personnel (KMP)
2 Mr. Anuraj Bhullar, Director Key Management Personnel (KMP)
3 Mrs. Kanwalpreet Kaur Bhullar, DKey Management Personnel (KMP)
4 Mr. Sanveer Singh, Director Key Management Personnel (KMP)
5 Vrindavan Trading Company Organisations where KMP have significant interest
6 Lovneet Relative of KMP
7 Bhullar Fuel Station Organisations where KMP have significant interest
8 Mayank Enterprises Organisations where KMP have significant interest
9 Vrindavan Fuels Organisations where KMP have significant interest

Transactions with related parties for the year ended March 31, 2022

Outstanding Balance Interest Income Remunaretion / Salary Advances

Sr.No. Particulars
2021-22 2020-21 2021-22 2020-21 2021-22 2020-21 2021-22 2020-21
1 Mr. Kanwalpreet kaur Bhullar 1,000,000 500,000 - - 500,000 500,000 - -
2 Vrindavan Fuels 525,000 - - - - - 525,000 5,953,168
3 Bhullar Fuel Station 29,424,601 26,888,732 2,577,326 2,360,182 - - 2,535,869 -
4 Trabros 125,000 125,000 - -
5 Lovneet 700,000 - 700,000 -
6 Mayank Enterprises 195,000 - 195,000 -
7 Vrindawan trading company 949,878 949,878 - 549,878
Total 32,919,479 28,463,610 2,577,326 2,360,182 500,000 500,000 3,955,869 6,503,046

Note: Related parties have been identified by the Management.

Note 26 : Payments to Auditors:

Auditors Remuneration 2021-22 2020-21
Audit Fees 10,000 10,000
Tax Audit Fees 5,000 5,000
Company Law Matters - -
GST - -
Total 15,000 15,000

In terms of Our Separate Audit Report of Even Date Attached

For: Sarda Kasat & Company For & On Behalf of the Board
Chartered Accountants
ICAI F.R.No. 09053C
 Anuraj Bhullar Kanwalpreet Kaur Bhullar
CA Dinesh Kasat (Director) (Director)
Partner DIN : 01020822 DIN : 02063148
M.No.: 73348
UDIN
Date:- Date:-
Place:- Indore Place:- Indore
 VRINDAVAN COLD STORAGE (INDORE) PVT. LTD., INDORE
CIN : U63022MP2000PTC014257

Note 27 : Additional Regulatory Info.

(i) Title deeds of Immovable Property not held in name of the Company

the title deeds of all the immovable properties disclosed in the financial statements are held in the name of the company

(ii) (Registered Valuers and Valuation) Rules,2017

Company does not revalued its Property, Plant and Equipments, hence Not Applicable.

(iii) Following disclosures shall be made where Loans or Advances in the nature of loans are granted to promoters,
directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any
other person, that are:
(a) repayable on demand or
(b) without specifying any terms or period of repayment

As per Annexure "B"

(iv) & (v) Capital-Work-in Progress (CWIP) / Intangible assets under development (ITAUD)

(a) For Capital-work-in progress / Intangible assets under development (ITAUD), following ageing schedule shall be given:

(b) For Capital-work-in progress / Intangible assets under development (ITAUD), whose completion is overdue or has exceeded
its cost compared to its original plan, following completion schedule should be given:

Company has not has such assets during the year, hence Not Applicable.

(vi) Details of Benami Property held

Where any proceedings have been initiated or pending against the company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder, the company shall disclose the following:-

No Proceedings have been initiated or pending against the company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder, Hence Not Applicable.
 VRINDAVAN COLD STORAGE (INDORE) PVT. LTD., INDORE
0
CIN : U63022MP2000PTC014257

(vii) Where the Company has borrowings from banks or financial institutions on the basis of security of current
assets, it shall disclose the following:-

(a) whether quarterly returns or statements of current assets filed by the Company with banks or financial institutions are in
agreement with the books of accounts.

No such quarterly Returns were filed by the Company with the Banks or Financial institutions.

(b) if not, summary of reconciliation and reasons of material discrepancies, if any to be adequately disclosed.

(viii) Wilful Defaulter*

Where a company is a declared wilful defaulter by any bank or financial Institution or other lender, following details shall be given:

Company is not Declared wilful defaulter by any bank or financial Institution or other lender, hence it is Not Applicable.

(ix) Relationship with struck off companies

Company has not made any Transactions with Struck-off Companies, hence Not Applicable.

(x) Registration of charges or satisfaction with Registrar of Companies

Where any charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period, details and
reasons thereof shall be disclosed.

The company does not have any charges or satisfaction which is yet to be registered with ROC beyond the
statutory period, hence Not Applicable.

(xi) Compliance with number of layers of companies

Where the company has not complied with the number of layers prescribed under clause (87) of section 2 of the Act read with
Companies (Restriction on number of Layers) Rules, 2017, the name and CIN of the companies beyond the specified layers and
the relationship/extent of holding of the company in such downstream companies shall be disclosed.

The company does not have any layers of the companies, hence Not Applicable.

(xii) Following Ratios to be disclosed:-

 The company shall explain the items included in numerator and denominator for computing the above ratios. Further explanation
shall be provided for any change in the ratio by more than 25% as compared to the preceding year.

Annexure of Ratio Chart is attached.

VRINDAVAN COLD STORAGE (INDORE) PVT. LTD., INDORE

0
CIN : U63022MP2000PTC014257

(xiii) Compliance with approved Scheme(s) of Arrangements

Where any Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the
Companies Act, 2013, the Company shall disclose 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
deviation in this regard shall be explained.

No such Schemes of Arrangements has been made by the Company, therefore, it is Not Applicable.

(xiv) Utilisation of Borrowed funds and share premium:

(A) Where company has advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or
kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether
recorded in writing or otherwise) that the Intermediary shall

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
company (Ultimate Beneficiaries) or
(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries;

Company has not advanced or loans or invested funds as referred above, hence Not Applicable.

(B) Where a company has received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with
the understanding (whether recorded in writing or otherwise) that the company shall

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
Funding Party (Ultimate Beneficiaries) or

(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries, the company shall disclose the following:-

Company has not received any funds as referred above, hence Not Applicable.
 (xv) The company has not traded or invested in crypto currency or virtual currency during the financial year.

(xvi) This company is not falling within the provision of sec 135 (CSR).

(xvii) The company has not declared any undisclosed income during the year.

VRINDAVAN COLD STORAGE (INDORE) PVT. LTD., INDORE

0
CIN : U63022MP2000PTC014257

(xviii) All amounts disclosed in the financial statements and notes have been rounded off to the nearest of rupee as per the requirements
of Schedule III, unless otherwise stated. ac)

(xix) The company did not employ any employee during the year who was in receipt of remuneration of Rs. 2,00,000/- P. M. or
Rs. 24,00,000/- per annum or more. (Nil)

(xx) In opinion of the board of the directors, current assets and short term loan and advances have a value on realization in
ordinary course of business at least equal to the amounts of which they were stated and that the provisiosn for non-liability are
adequate and not in excess of amount reasonable necessary.

(xxi) Cash balance at the year and has not been physically counted by us. It is taken as certified by the directors.

(xxii) Trade receivables, Trade payables, Loans & Advances and Unsecured Loans have been taken at their book value subject
to confirmation and reconciliation

(xxiii) The Information as required by the chapter V of MSMED Act, 2006 is not applicable to the company.

(xxiv) There is no foreign currency transaction during the year.

In terms of Our Separate Audit Report of Even Date Attached

For: Sarda Kasat & Company For & On Behalf of the Board
Chartered Accountants
ICAI F.R.No. 09053C

Anuraj Bhullar Kanwalpreet Kaur Bhullar

CA Dinesh Kasat (Director) (Director)
Partner DIN : 01020822 DIN : 02063148
M.No.: 73348
UDIN
Date:- Date:-
Place:- Indore Place:- Indore