Urban Tots Unlisted Shares Annual Reports

Urban Tots Unlisted Shares

The Annual Report for 2023-2024 of Deepak Houseware & Toys Limited (formerly Deepak Houseware & Toys Private Limited) outlines key financial data, changes in directorship, and compliance information. The 4th Annual General Meeting will be held on Saturday, November 30, 2024, via video conferencing. **Key Highlights and Financial Performance:** * The company reported a profit before tax of INR 822.73 Lakhs and revenue from operations of INR 7,882.36 Lakhs for the financial year ended March 31, 2024. This represents a 65% growth in profit before tax compared to the previous year (INR 498.46 Lakhs). * Total Income for FY 2023-24 was INR 7951.36 Lakhs compared to INR 4969.82 Lakhs in FY 2022-23. Total Expenditure for FY 2023-24 was INR 7128.63 Lakhs compared to INR 4471.37 Lakhs in FY 2022-23. * Basic and Diluted Earnings Per Share are both reported as Rs. 1.28 for the year ending March 31, 2024, compared to Rs. 1.21 for the previous year. * The Board did not recommend any dividend or declare any interim dividend for FY 2023-24. * The company has not transferred any amount to the General Reserve account. * The company's contribution to the Government exchequer via taxes and duties aggregated to INR 112.43 Lakhs (previous year INR 80.03 Lakhs). * As of March 31, 2024, the Authorized Share Capital of the Company is Rs. 6,00,00,000 divided into 6,00,00,000 equity shares of Re. 1 each. * Issued, Subscribed and paid-up Share Capital: As on March 31, 2024, the Issued, Subscribed and paid-up Share Capital of the Company is Rs. 55,721,353 divided into 55,721,353 Equity shares of Re. 1 each fully paid up. There was an increase in issued, subscribed and paid-up share capital as 4,00,000 equity shares of Re. 1 each were allotted at a premium of Rs. 54 (totaling Rs. 55) each on a preferential basis (2,00,000 to Centricity Fincap Private Limited each in March 2024). * The company aims for growth, flexibility, and easier access to funding and it was converted from a Private Limited Company to a Public Limited Company. A fresh Certificate of Incorporation was issued on May 02, 2024. * No Employee Stock Option Plan (ESOP) has been issued, and the company has neither invited nor accepted any public deposits. **Board of Directors and Key Personnel:** * As of October 1, 2024, the Board of Directors included: Mr. Deepak Chaudhary, Mr. Karan Bhatia, and Mr. Luv Chawla. * Several appointments and re-appointments of directors are proposed: * Re-appointment of Mr. Deepak Chaudhary (DIN: 00074249) who retires by rotation. * Appointment of Mr. Luv Chawla (DIN: 07953808) as a Non-Executive Director. * Appointment of Mr. Karan Bhatia (DIN: 10465343) as a Whole-time Director for three years. * Appointment of Mr. Anmol Arora (DIN: 10465342) as a Whole-time Director for three years. * Appointment of Mr. Ankit Mittal (DIN: 10465344) as a Whole-time Director for three years. *Designate and Approve the appointment of Mr. Deepak Chaudhary (DIN: 00074249) as Chairman & Managing Director. * Mr. Anmol Arora and Mr. Ankit Mittal, who were appointed as Additional Directors in March 2024, vacated their office as Additional Director w.e.f. October 01, 2024. * Mrs. Satya Chaudhary resigned from the Board from the position of Directorship of the Company w.e.f. August 31, 2024. * Mr. Karan Bhatia aged 33 years and is a Graduate and he has Ten (10) years' rich experience in Sales and Marketing will receive an annual remuneration Basic 9,30,000, HRA 9,30,000 and Target Bonus 7,042 INR. * Mr. Anmol Arora aged 36 years, is a graduate person, with 13 (Thirteen) years of work experience in Sales and Marketing will receive an annual remuneration Basic 9,00,000, HRA 9,00,000 and Target Bonus 7,019 INR. * Mr. Ankit Mittal is 32 years old and has four years of experience as the Operational Head of the company will receive an annual remuneration Basic 4,50,000, HRA 4,50,000 and Target Bonus 7,019 INR. * Mr. Deepak Chaudhary has withdrawn the remuneration INR 21 lakhs per annum and INR 42 lakhs per annum during the financial year 2022-23 and 2023-24 respectively but will receive an annual remuneration Basic 90,00,000, HRA 90,00,000 and Target Bonus 7019 INR. **Other Key Points:** * The company seeks approval to revise the remuneration payable to Mr. Deepak Chaudhary and to designate him as Chairman & Managing Director for a term of three years, with revised remuneration terms. * The Board seeks approval to borrow up to INR 50,00,00,000 (Rupees Fifty Crores) from time to time and to create a mortgage and/or charge on the company's assets for securing such loans. * The company is enhancing marketing efforts, diversifying its product range, and reviewing costs to improve profitability. * There were no material changes in the nature of business, and no significant orders were passed by regulators or courts that impact the going concern status. * The company has Internal Financial Controls commensurate with the size and nature of the business. The company is in process of developing and implementing the risk management policy. The internal audit is not applicable on the Company. * The details of Directors seeking appointment/re-appointment, in item no 2,3,4,5,6,7, 8, 9, 10 & 11 as per requirements of Companies Act, 2013, and Secretarial Standard-2 issued by the Institute of Company Secretaries of India: as shown in a table in the report. * The board confirms compliance with applicable secretarial standards and confirms that it has a policy in place for prevention of sexual harassment. * There were no related parties as of March 31, 2024. * Members must vote on resolutions electronically between November 27 and November 29, 2024. * Auditor: M/s AMG & Associates, Chartered Accountants. * The company maintains cost records as specified by the Central Government, but cost audit is not applicable.

Urban Tots Unlisted Shares

DEEPAK HOUSEWARE & TOYS PRIVATE LIMITED - Financial Statement Summary (Period 01/04/2022 to 31/03/2023) **I. General Information about the Company:** * **Name:** DEEPAK HOUSEWARE & TOYS PRIVATE LIMITED * **CIN:** U25111RJ2020PTC070129 * **Industry:** Commercial and Industrial * **Reporting Period:** 01/04/2022 to 31/03/2023 (Standalone) * **Registered Office:** Ashiana Gulmohar Park, Alwar, Rajasthan, India, 301019 * **Number of Employees:** 144 * **Sustainability Report:** Not published * **Board Approval Date:** 01/09/2023 * **Presentation Currency:** INR (values in Lakhs) * **Rounding:** Lakhs * **Cash Flow Statement:** Indirect Method * **Electronic Records:** Not maintained * **Principal Product/Service:** Manufacturing of Toys (ITC Code 9988), with a turnover of ₹4,915.06 Lakhs. The highest turnover contributing product/service with ITC Code 99889060, MANUFATURING OF TOYS, contributes ₹4,915.06 Lakhs. **II. Director's Report:** * The directors present their report on the business operations of the company for the financial year ending March 31, 2023. * The company earned a profit before tax of INR 498.46 Lakhs during the period. * **Financial Results (Amount in Lakhs):** * Revenue from Operations: 4915.06 (2022-2023), 1623.30 (2021-2022) * Other Income: 54.77 (2022-2023), 7.09 (2021-2022) * Total Income: 4969.82 (2022-2023), 1630.39 (2021-2022) * Expenditure: 4471.37 (2022-2023), 1338.73 (2021-2022) * Profit Before Tax: 498.46 (2022-2023), 291.66 (2021-2022) * Current Tax: 62.44 (2022-2023), 37.45 (2021-2022) * Deferred Tax: 17.59 (2022-2023), 12.60 (2021-2022) * Net Profit After Tax: 418.43 (2022-2023), 241.61 (2021-2022) * Main object of the company is to carry on the business of manufacturing of toys. * No significant change in the nature of the company’s business during the financial year. * The company has not accepted any deposits under chapter V of the Companies Act, 2013. * The Board does not recommend any dividend for the financial year ended March 31, 2023. **III. Director's Responsibility Statement:** The directors confirm that: * Applicable accounting standards have been followed. * Accounting policies are consistently applied, and reasonable judgments are made. * Proper and sufficient care has been taken for maintaining adequate accounting records. * The annual accounts have been prepared on a 'going concern' basis. * Proper systems are in place to ensure compliance with applicable laws. **IV. Directors and Key Managerial Personnel:** * **List of Directors:** * Mrs. Satya Chaudhary (Director) * Mr. Deepak Chaudhary (Director) * Mr. Rahul Sachar (Director) * No changes in management during the period under review. **V. Statutory Auditors:** * **Auditors:** M/s AMG & Associates Chartered Accountants. * Auditor certificate confirms appointment is within prescribed limits under Section 141 of the Companies Act, 2013. * No qualifications in the auditor's report for the year ended 31st March, 2023. * No audit committee or vigil mechanism due to provisions of section 177 not being applicable to private companies. **VI. Share Capital:** * **Authorized Share Capital:** Rs. 6,00,00,000 (divided into 600,00,000 Equity Shares of Rs. 1 each) * **Paid-up Share Capital:** Rs. 5,53,21,353 (divided into 5,53,21,353 Equity Shares of Rs. 1 each). * Company issued 58,09,948 shares during the period under review. **VII. Board Meetings:** * 15 board meetings were held during the financial year ended March 31, 2023. **VIII. Loans, Guarantees, and Investments:** * No loans, guarantees, or investments were made by the company under section 186 of the Companies Act, 2013. **IX. Contracts or Arrangements with Related Parties:** * Particulars of contracts or arrangements with related parties, as prescribed in form AOC 2 (Annexure I), is appended. The company has complied with applicable secretarial standards. **X. Conservation of Energy, Technology Absorption, and Foreign Exchange:** * The company is committed to energy conservation and has taken measures to reduce energy consumption. * No specific research and development activities have been carried out. * **Foreign Exchange:** Earned INR 0, Used INR 94889194/-. **XI. Details of Directors and Key Managerial Personnel (KMP):** * No change has taken place in the management of the company during the period. **XII. Declaration by Independent Directors:** * There are no Independent Directors in the company. **XIII. Material Changes and Commitments:** * There are no material changes in the financial position of the company. **XIV. Risk Management Policy:** * Management has identified and mitigated risks for the year 2022-2023. **XV. Internal Financial Controls:** * The company has adequate Internal Financial Control commensurate with its size. **XVI. Corporate Social Responsibility (CSR):** * Provisions related to CSR are not applicable to the company. **XVII. Significant and Material Orders:** * No material orders were passed impacting the going concern status and company's future operations. **XVIII. Policy Relating to Appointment and Remuneration of Directors:** * Executive Directors are paid remuneration. There is no documented policy for appointing the directors. **XIX. Creation of Charge:** * No fresh charge was created during the period under review. **XX. Details of material contracts or arrangement or transactions at arm's length basis:** Contracts at arm’s length transactions: * **Tarsem Lal (Relative of Key Managerial Personnel):** Rent involving 134.00 Lakh approved 01/04/2022. * **Deepak Chaudhary (Key Managerial Person):** Remuneration involving 25 Lakh approved 01/04/2022. * **Satya Chaudhary (Key Managerial Person):** Remuneration involving 15 Lakh approved 01/04/2022. **XXI. Annexure I:** *Details of contracts or arrangements not at arm’s length basis: Nil *Details of material contracts or arrangement or transactions at arm's length basis. Details of directors singing board report: * Directors: Deepak Chaudhary and Satya Chaudhary. * Date of signing : 01/09/2023. **XXII. Annexure I to Independent Auditor's Report:** 1. company maintains its records regarding Property, Plant and Equipment in list form only. **XXIII. Auditor's Report Observations:** The auditor's report is unqualified. **XXIV. Key Financial Data:** Note 10: *Share Capital *Equity: *Authorized:₹6,00,00,000 (600.00) *Issued, Subscribed & Fully paid up:₹ 55321353(553.21). Note 3: *Reserves and Surplus (31 March 2023) *Securities Premium: ₹ 1,392.15 *Profit Loss Account ₹ 656.23. Note4: *Long Term Borrowing ₹809.58 (194.75 secured 614.83unsecured. Note 5 *Short Term Borrowing₹1111.51( 971.23 secured ,140.28 unsecured). Note 6 *Total trade Payable : ₹922.97,Outstanding for more than 1 Year **XXV. Additional disclosures** *Contingent liabilities and commitments : nil

Urban Tots Unlisted Shares

M/S DEEPAK HOUSEWARE & TOYS PRIVATE LIMITED’s provisional balance sheet as at March 31st, 2022, shows Total Equity & Liabilities of Rs. 30,22,44,717, compared to Rs. 88,93,478 in 2021. Total Assets are also Rs. 30,22,44,717, up from Rs. 88,93,478 in the previous year. **Equity and Liabilities:** * **Shareholder's Funds:** This includes share capital of Rs. 4,76,58,780 (Rs. 11,00,000 in 2021) and reserves and surplus of Rs. 2,46,78,283 (Rs. -3,81,150 in 2021). Share Application Money is Rs. 3,52,00,000. The authorized share capital is 6,00,00,000 equity shares of Rs. 10 each. The issued, subscribed, and fully paid-up capital consists of 47,65,878 equity shares of Rs. 10 each. Satya Choudhary and Deepak Choudhary hold more than 5% of the aggregate shares in the company. * **Non-Current Liabilities:** These consist of long-term borrowings of Rs. 8,32,55,837 (Rs. 70,00,000 in 2021) and no Deferred Tax Liability. The long-term borrowings include a term loan from Punjab National Bank of Rs. 6,01,80,837 and a loan from Directors and Relatives of Rs. 2,30,75,000. * **Current Liabilities:** Include short-term borrowings of Rs. 3,84,56,618, trade payables of Rs. 6,23,95,426 (Rs. 11,28,213 in 2021), other current liabilities of Rs. 20,00,000 and short-term provisions of Rs. 85,99,774 (Rs. 46,415 in 2021). **Assets:** * **Non-Current Assets:** This includes fixed assets (tangible assets) of Rs. 13,16,18,246 (Rs. 29,39,976 in 2021) and long-term loans and advances of Rs. 2,42,000. Tangible assets include Plant, Machinery and Equipment, Office Equipments and Computers with a net block as at 31st March, 2022 of Rs. 13,16,18,246 (Rs. 29,39,976 in 2021) * **Current Assets:** These are inventories of Rs. 4,77,07,210 (Rs. 21,23,666 in 2021), trade receivables of Rs. 4,52,48,684, cash and bank balances of Rs. 2,46,83,175 (Rs. 84,960 in 2021), short-term loans and advances of Rs. 2,15,25,905 (Rs. 28,41,148 in 2021), and other current assets of Rs. 3,12,19,497 (Rs. 9,03,728 in 2021). Cash and cash equivalents included a cash balance of Rs. 1,36,106 (Rs. 15000 in 2021) and balance with banks Rs. 2,45,47,069 (Rs. 69960 in 2021). **Profit & Loss Statement for the year ended March 31st, 2022:** * Revenue from operations is Rs. 16,23,34,737 and other income is Rs. 5,70,189, giving a total revenue of Rs. 16,29,04,926. * Total expenses are Rs. 12,35,16,161, including cost of materials consumed (Rs. 10,46,34,775), changes in inventories, employee benefits expense (Rs. 1,02,62,444), operating and other expenses (Rs. 1,43,77,642), and financial costs (Rs. 22,36,884). Employee Benefit Expense includes Wages and Salaries, ESIC Expenses, PF Expenses, House Rent Allowance, Overtime Expenses and Staff Welfare, totalling Rs. 1,02,62,444 (Rs. 91,000 in 2021). Operating and Other expenses include Power and Fuel, Job Work, Repair and Maintenance Expenses, Factory Rent, Freight and cartage, Testing and Calibration Expenses, Security Service expenses, Auditor’s Remuneration, Bank Charges, Advertisement Expenses, General Expenses, Festival Expenses, Fees And Filing Charges, Legal and Professional Charges, Printing and Stationery Expenses, Misc Expenses, Insurance, Postage and Telegram, Travelling and Conveyance Expenses, Communication Expenses, Incorporation Charges and Currency Fluctuation, totalling Rs. 1,43,77,642 (Rs. 2,90,150 in 2021). * Profit before tax is Rs. 3,93,88,765. * Tax expense is Rs. 67,59,112. * Profit for the period is Rs. 3,26,29,653. * Earning per equity share is Rs. 16 (Basic and Diluted). **Cash Flow Statement for the year ended March 31st, 2022:** * Net cash from operating activities is Rs. -2,62,96,184. * Net cash received from investing activities is Rs. -13,57,69,732. * Net cash inflow from financing activities is Rs. 18,66,64,131. * Net increase in cash and cash equivalents is Rs. 2,45,98,215. * Cash and cash equivalents at the end of the year are Rs. 2,46,83,175.