Lords Mark Industries Pvt Ltd Shares Financial Reports

Lords Mark Industries Pvt Ltd Shares

Here is a comprehensive summary of the provided PDF, structured for clarity and completeness: **I. General Company Information:** * **Name:** Lord's Mark Industries Limited. * **CIN:** U21001MH1998PLC115601. * **Address:** B-101, RIDHI SIDHI COMPLEX, MG ROAD, BORIVALI (EAST), MUMBAI MH 400066 IN. * **Industry:** Commercial & Industrial. * **Employees:** 5. * **Sustainability Report:** No. * **Reporting Period:** 01/04/2023 to 31/03/2024. * **Nature of Report:** Consolidated Financial Statements. * **Currency:** INR (Thousands). * **Cash Flow Statement Method:** Indirect Method. **II. Auditor's Report:** * **Auditor Details:** SDK & ASSOCIATES, Chartered Accountants, Firm registration number: 144662W; S.D. KAWDE, Membership number: 111573. * **Auditor's Opinion:** The consolidated financial statements provide a true and fair view in conformity with accounting principles generally accepted in India. * **Basis for Opinion:** Audit conducted in accordance with Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. * **Other Information:** The Board of Directors is responsible for other information, including the Management Discussion and Analysis, Board's Report, Business Responsibility Report, and Corporate Governance. * **Responsibilities of Management:** Preparation and presentation of consolidated financial statements, maintenance of accounting records, selection and application of appropriate accounting policies, and implementation and maintenance of adequate internal financial controls. * **Auditor's Responsibilities:** To obtain reasonable assurance about whether the financial statements are free from material misstatement. * **Other Matters:** The financial statements of 2 subsidiaries were audited by other auditors. The total assets reflected by these subsidiaries are Rs. 25,30,21,859, and the total revenues are Rs.37,40,00,007 for the year ended March 31, 2024. The Group's share of profit for the year ended 31st March 2024, in respect of the 2 subsidiaries, is Rs. 12,27,005. * **Report on Other Legal and Regulatory Requirements:** Proper books of account have been kept, the consolidated financial statements comply with the Accounting Standards specified under Section 133 of the Act, and none of the directors are disqualified under Section 164(2) of the Act. * **Internal Financial Control:** Adequate internal financial controls with reference to consolidated financial statements were maintained and operating effectively. * **Other Auditor's Report Matters:** No pending litigations would impact the consolidated financial position; the Group did not have any material foreseeable losses on long-term contracts including derivative contracts; no delay in transferring amounts to the Investor Education and Protection Fund. **III. Annexure A to the Auditor's Report:** * **Auditor's Responsibilities:** Exercising professional judgment, maintaining professional skepticism, identifying and assessing risks of material misstatement, obtaining an understanding of internal control, evaluating the appropriateness of accounting policies, and concluding on the appropriateness of management's use of the going concern basis of accounting. * **Materiality:** The magnitude of misstatements that could influence the economic decisions of a reasonably knowledgeable user of the financial statements. **IV. Annexure B to the Auditor's Report:** * **Report on Internal Financial Controls:** Opinion on the Holding Company's internal financial controls with reference to consolidated financial statements. * **Management's Responsibility:** Establishing and maintaining internal financial controls based on the internal control over financial reporting criteria. * **Auditor's Responsibility:** Expressing an opinion on the Holding Company's internal financial controls. * **Meaning of Internal Financial Controls:** A process designed to provide reasonable assurance regarding the reliability of financial reporting. * **Inherent Limitations:** Material misstatements due to error or fraud may occur and not be detected. * **Opinion:** Adequate internal financial controls with reference to consolidated financial statements were maintained and operating effectively. **V. Balance Sheet (Consolidated - Values in Thousands of INR):** * **Share Capital:** 5,62,362.425 (31/03/2024); 2,82,910.54 (31/03/2023). * **Reserves and Surplus:** 3,26,613.22 (31/03/2024); 1,80,347.65 (31/03/2023). * **Total Shareholders' Funds:** 8,88,975.645 (31/03/2024); 4,63,258.19 (31/03/2023). * **Long-Term Borrowings:** 9,88,848.92 (31/03/2024); 8,13,989.76 (31/03/2023). * **Short-Term Borrowings:** 11,83,440.05 (31/03/2024); 9,46,922.94 (31/03/2023). * **Trade Payables:** 1,72,268.71 (31/03/2024); 1,13,576.92 (31/03/2023). * **Tangible Assets:** 4,77,494.59 (31/03/2024); 3,53,902.44 (31/03/2023). * **Intangible Assets:** 385.21 (31/03/2024); 545.82 (31/03/2023). * **Inventories:** 9,93,723.09 (31/03/2024); 9,14,750.54 (31/03/2023). * **Trade Receivables:** 15,91,723.53 (31/03/2024); 8,47,247.3 (31/03/2023). * **Cash and Bank Balances:** 1,89,182.45 (31/03/2024); 1,00,688.97 (31/03/2023). **VI. Cash Flow Statement (Consolidated - Values in Thousands of INR):** * **Profit Before Tax:** 1,55,577.35 (31/03/2024); 64,874.34 (31/03/2023). * **Adjustments for Finance Costs:** 1,82,865.11 (31/03/2024); 1,15,983.3 (31/03/2023). * **Adjustments for Depreciation:** 49,385.01 (31/03/2024); 46,579.63 (31/03/2023). * **Net Cash Flows from Operating Activities Before Extraordinary Items:** -2,10,834.13 (31/03/2024); 64,081.07 (31/03/2023). * **Net Cash Flows from Investing Activities:** -1,72,806.55 (31/03/2024); -2,12,417.14 (31/03/2023). * **Net Cash Flows from Financing Activities:** 4,72,134.16 (31/03/2024); 1,80,279.69 (31/03/2023). * **Net Increase/Decrease in Cash and Cash Equivalents:** 88,493.48 (31/03/2024); 31,943.62 (31/03/2023). * **Cash and Cash Equivalents at End of Period:** 1,89,182.45 (31/03/2024); 1,00,688.97 (31/03/2023). **VII. Share Capital:** * **Authorized Share Capital:** 15,00,00,000 shares (31/03/2024); 7,00,00,000 shares (31/03/2023). Value: 7,50,000 (31/03/2024); 3,50,000 (31/03/2023) * **Issued Share Capital:** 11,24,72,485 shares (31/03/2024); 5,65,82,108 shares (31/03/2023). Value 5,62,362.425 (31/03/2024); 2,82,910.54 (31/03/2023) * **Number of Shares Outstanding at the end of the period**: 11,24,72,485 shares (31/03/2024); 5,65,82,108 shares (31/03/2023). * **Details of Shareholding More than 5%:** Mr. Sachidanand Upadhyay holds 5,36,72,333 shares, 94.86% (both as of 31/03/2024 and 31/03/2023). **VIII. Reserves and Surplus:** * Statement of changes in reserves, including additions and deductions to reserves and appropriations. **IX. Borrowings:** * Classification of borrowings based on time period, security, and type (e.g., term loans, unsecured loans, loans from directors). Details regarding defaults in repayment, if any. **X. Tangible Assets:** * Disclosure of additional information about tangible assets: * Depreciation method * Useful lives and depreciation rates * Details of additions, disposals, and depreciation for various classes of tangible assets. **XI. Intangible Assets:** * Disclosure of information about intangible assets: * Amortization method * Useful lives and amortization rates * Details of additions, disposals, and amortization for various classes of intangible assets. **XII. Investments:** * Details on non-current and current investments, including aggregate amount of quoted and unquoted investments. **XIII. Loans and Advances:** * Classification and details of loans and advances, including those due by directors and related parties. **XIV. Provisions:** * Disclosure of breakup of provisions, including provisions for corporate tax and other items. **XV. Trade Receivables:** * Details of trade receivables, including gross amount and allowance for bad and doubtful debts. **XVI. Inventories:** * Inventories, including mode of valuation. **XVII. Additional Disclosures on Balance Sheet:** * Contingent liabilities and commitments, proposed dividends, deposits, share application money, etc. **XVIII. Disclosure of Accounting Policies and Estimates:** * Reference to attached information on accounting policies. **XIX. Government Grants:** * Details regarding government grants and subsidies received. **XX. Employee Benefits and Related Party Disclosures:** * Reference to attached information on employee benefits. Related party transactions and if the company is a subsidiary. **XXI. Leases:** * Information if any operating lease has been converted to financial lease or vice versa. **XXII. Earnings Per Share:** * Basic and diluted earnings per share calculations. **XXIII. Consolidated Financial Statements Disclosures** * Details of Subsidiaries Consolidated like Lords Mark Biotech, Lords Insurance Broking Services Private Limited etc * Whether consolidated financial statements is applicable on company - YES This summary captures the essential financial data, auditor's opinions, and supplementary information about Lord's Mark Industries Limited for the specified periods.

Lords Mark Industries Pvt Ltd Shares

LORD'S MARK INDUSTRIES PRIVATE LIMITED Consolidated Financial Statements Summary: **General Information about the Company:** Lord's Mark Industries Private Limited is a commercial and industrial company incorporated in India. The consolidated financial statements cover the period from April 1, 2021, to March 31, 2022. The company's corporate identity number is U21000MH1998PTC115601, and its permanent account number is AAACL9328F. The registered office is located in Mumbai. As of the end of the financial year, the company had 160 employees and has not published a sustainability report for the fiscal year. The presentation currency is in Indian Rupees (INR) and is rounded to the nearest Lakh. An indirect method is used for the cash flow statement. **Auditor's Report:** The audit firm SDK & ASSOCIATES audited the financial statements, with Shrikant Dilip Kawde signing the report. The firm's registration number is 144662W, and the auditor's membership number is 111573. The auditor's address is in Kharghar-410210. The permanent account number of the auditor's firm is AHQPK2643C. The SRN of form ADT-1 is T36553808. Both the audit report and the balance sheet were signed on September 12, 2022. The auditor's report does not contain any qualifications, reservations, or adverse remarks, and an order for the companies auditors report is not applicable for the company. **Balance Sheet:** As of March 31, 2022, the company's total equity and liabilities amounted to INR 21,962.05 Lakhs. This included share capital of INR 500 Lakhs and reserves and surplus of INR 2,761.59 Lakhs. Non-current liabilities totaled INR 6,171.37 Lakhs, primarily consisting of long-term borrowings. Current liabilities stood at INR 12,494.72 Lakhs. Total assets also amounted to INR 21,962.05 Lakhs, with non-current assets, including tangible assets (INR 1,881.23 Lakhs) and intangible assets (INR 4.98 Lakhs), totaling INR 1,965.9 Lakhs. Current assets totaled INR 19,996.15 Lakhs and included inventories (INR 6,788.92 Lakhs), trade receivables (INR 11,242.46 Lakhs), and cash and bank balances (INR 687.45 Lakhs). **Cash Flow Statement (Indirect Method):** The company's cash flow statement for the period ending March 31, 2022, showed a net cash flow from operating activities of INR 536.23 Lakhs before extraordinary items and income taxes. Adjustments for depreciation, amortization, and finance costs were considered. There was a net cash outflow from investing activities of INR -691.97 Lakhs, primarily due to the purchase of tangible assets. Cash flows from financing activities before extraordinary items showed a net inflow of INR 315.29 Lakhs, including proceeds from issuing shares (INR 34.37 Lakhs) and interest paid (INR 608.79 Lakhs). The net increase in cash and cash equivalents before the effect of exchange rate changes was INR 159.55 Lakhs. The cash and cash equivalents at the end of the period totaled INR 687.45 Lakhs. **Share Capital:** The authorized share capital is 90,00,000 shares, amounting to INR 900 Lakhs. Issued, subscribed, and fully paid-up share capital is 50,00,000 shares, amounting to INR 500 Lakhs, with a par value of INR 10 per share. A reconciliation of the number of shares outstanding showed an increase in the number of shares outstanding by 40,00,000 shares for equity shares, and the number of shares outstanding at the end of the period was 90,00,000 shares. Mr. Sachidanand Upadhyay holds more than 5% of the company's shares, with 45,20,000 shares, representing 90.40% of the shareholding. **Reserves and Surplus:** There were additions to reserves from profit for the period, amounting to INR 421.42 Lakhs, and deductions of INR 93.25 Lakhs, resulting in total changes in reserves of INR 328.17 Lakhs. Reserves at the end of the period were INR 2,761.59 Lakhs. **Borrowings:** Long-term borrowings included secured borrowings of INR 1,382.05 Lakhs and unsecured borrowings of INR 4,789.32 Lakhs. These borrowings consist of rupee term loans from banks and loans and advances from related parties. The nature of security for certain borrowings is GECL Term Loan. Short-term borrowings include unsecured borrowings of INR 6,182.27 Lakhs. **Tangible Assets:** The company's total tangible assets at the end of the period were INR 1,881.23 Lakhs. This includes land, buildings, plant and equipment, furniture and fixtures, vehicles, office equipment, and computer equipment. **Intangible Assets:** The company's total intangible assets at the end of the period were INR 4.98 Lakhs. **Non-Current Investments:** Non-current investments amounted to INR 4 Lakhs. **Current Investments:** The aggregate amount of unquoted current investments is INR 0 Lakhs. **Trade Receivables:** Trade receivables totaled INR 11,242.46 Lakhs, and there was no allowance for bad and doubtful debts. **Inventories:** Inventories, valued at cost, totaled INR 6,788.92 Lakhs. **Loans and Advances:** Loans and advances, which are considered good, totaled INR 1,277.11 Lakhs. **Provisions:** Total provisions amounted to INR 449.03 Lakhs, which consisted of provision for corporate tax (INR 150.6 Lakhs) and CSR expenditure provision (INR 298.43 Lakhs). **Government Grants:** The company did not receive any capital or revenue subsidies/grants from government authorities during the period. **Employee Benefits:** Employment Benefit Expenses totaled INR 186.22 Lakhs and included salary & wages/labour charges (INR 162.88 Lakhs), director remuneration (INR 22.00 Lakhs), and staff welfare (INR 1.34 Lakhs). **Related Party Transactions:** There are no related party transactions during the year. **Earnings per Share:** Basic and diluted earnings per share are both INR 0. **Contingent Liabilities:** Total contingent liabilities and commitments amounted to INR 0 Lakhs.