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Annual Report: 2023

Year: 2023

Annual Report Summary

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

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