Ahuraz Clearing & Shipping Co. Pvt.

Ltd
CIN : U63090MH1994PTC079957

Balance Sheet as on March 31, 2024

As on March 31, As on March 31, As on March 31,

Particulars Note No.
2025 2024 2023

A EQUITY & LIABILITIES

1 Shareholder's Fund
(a) Share Capital 2 321,000 321,000
(b) Reserves & Surplus 3 88,931,024 85,095,432
89,252,024 85,416,432

2 Non Current Liabilities

Secured Loans

3 Current Liabilities
(a) Trade Payables 4 3,274,126 453,487
(b) Other Current Liabilities 5 1,299,216 357,666
(c) Short-term Provisions 6 1,318,522 1,816,524
5,891,864 2,627,677

Total 95,143,888 88,044,109

B ASSETS

1 Non Current Assets

(a) Property, Plant & Equipments and Intangible Assets
Property, Plant & Equipments 7 168,970 196,843
(b) Non Current Investments 8 761,397 714,387
(c) Deferred Tax Assets (net) 9 173,306 183,138
1,103,673 1,094,368

2 Current Assets
(a) Trade Receivables 10 5,450,576 6,404,401
(b) Cash & Bank Balances 11 86,322,198 77,747,660
(c) Short-term Loans & Advances 12 419,722 315,650
(d) Other Current Assets 13 1,847,719 2,482,030
94,040,215 86,949,741

Total 95,143,888 88,044,109

See accompanying notes forming part of the financial statements Note 1

As per our report of even date attached
For H A Y & Associates LLP For and on behalf of the board of directors of
Chartered Accountants For Ahuraz Clearing & Shipping Co. Pvt. Ltd.
Firm Registration No.: 104106W/W100984

Krishna G. Solanki Mr. Vincent Pinto Mr. Lency Pinto

Partner Director Director
Membership No.: 123456 DIN : 01235669 DIN : 01235712

Mumbai, Dated Mumbai, Dated

Ahuraz Clearing & Shipping Co. Pvt. Ltd
CIN : U63090MH1994PTC079957

Profit & Loss Statements for the year ended March 31, 2024

For the year ended March For the year ended March
Particulars Note No.
31, 2024 31, 2023

A INCOME

Revenue from operations 14 27,099,342 47,846,894

Other Income 15 6,200,808 4,175,934

Total Income 33,300,150 52,022,828

B Expenses

Operating expense 16 15,506,097 37,139,333

Employee benefit expense 17 9,613,835 5,689,983
Finance cost 18 - -
Depreciation 7 110,272 75,953
Other expense 19 2,932,710 2,545,631

Total Expenses 28,162,914 45,450,900

Profit before tax 5,137,236 6,571,928

Tax Expense
Current Tax 1,285,733 1,775,379
MAT credit entitlement
Deferred tax 9 -9,832 -16,765

Profit for the year 3,841,671 4,779,784

Earnings per share of face value of Rs. 10

Basic 119.68 148.90

See accompanying notes forming part of the financial statements Note 1

As per our report of even date attached
For H A Y & Associates LLP For and on behalf of the board of directors of
Chartered Accountants For Ahuraz Clearing & Shipping Co. Pvt. Ltd.
Firm Registration No.: 104106W/W100984

Krishna G. Solanki Mr. Vincent Pinto Mr. Lency Pinto

Partner Director Director
Membership No.: 123456 DIN : 01235669 DIN : 01235712

Mumbai, Dated Mumbai, Dated

Ahuraz Clearing & Shipping Co. Pvt. Ltd
Notes forming part of the financial statements for the year ended March 31, 2024

Note 2 : Share Capital

As on March 31,
Particulars As on March 31, 2024
2023

(a) Authorised

200,000 equity shares (P.Y. 200,000 equity shares) of 2,000,000 2,000,000

Rs. 10 each, with voting rights

(b) Issued, subscribed and paid up

32,100 equity shares (P.Y. 32,100 equity shares) of 321,000 321,000

Rs. 10 each with voting rights, fully paid up

321,000 321,000

2.1 Reconciliation of number of shares outstanding at the beginning and at the end of the
reporting period:

As on March 31,
Particulars As on March 31, 2024
2023

Equity Shares at the beginning of the year : No.of Shares 32,100 32,100
Amount 321,000 321,000

Equity Shares at the end of the year : No.of Shares 32,100 32,100
Amount 321,000 321,000

2.2 Details of shareholders holding more than 5% shares :

As on March 31,
Name Of Shareholders As on March 31, 2024
2023

Equity Shares

1 RJ. Irani No.of Shares 5,100 5,100

% of holding 15.89% 15.89%

2 Vincent Pinto No.of Shares 17,450 17,450

% of holding 54.36% 54.36%

3 Lency Pinto No.of Shares 7,450 7,450

% of holding 23.21% 23.21%

4 Helen Gretta Pinto No.of Shares 2,100 2,100

% of holding 6.54% 6.54%

2.3 Shares held by promoters at the end of the year

Sr. % Change during
Promoter Name No.of Shares % of total shares
no the year
1 RJ. Irani 5,100 15.89% 0%
2 Vincent Pinto 17,450 54.36% 0%
3 Lency Pinto 7,450 23.21% 0%
4 Helen Gretta Pinto 2,100 6.54% 0%
Total 32,100 100.00% 0%
Ahuraz Clearing & Shipping Co. Pvt. Ltd
Notes forming part of the financial statements for the year ended March 31, 2024

Note 3 : Reserves & surplus

As on March 31, As on March 31,

Particulars
2024 2023

General Reserves
As per last Balance Sheet 27,000,000 27,000,000
Transfer during the year
(A) 27,000,000 27,000,000

Profit & Loss Account

As per last Balance Sheet 58,095,431 53,316,648
Add: Profit for the year 3,841,671 4,778,784
Less: Other Adjustments related to Tax -6,078
Less: Transfer to General reserve
(B) 61,931,024 58,095,432

(A+B) 88,931,024 85,095,432

Note 4 : Trade payables

As on March 31, As on March 31,

Particulars
2024 2023

Others 3,274,126 453,487

3,274,126 453,487
Note 4.1 : Trade Payables Disclouser
Trade Payables ageing schedule as on 31st March, 2024

Particulars Less than 1 year 1-2 years 2-3 years More than 3 years Total
(i) MSME 150,972 150,972
(ii) Others 3,123,154 3,123,154
(iii) Disputed Dues-MSME
(iv) Disputed Dues-Others

Note 4.1 : Trade Payables Disclouser

Trade Payables ageing schedule as on 31st March, 2023

Particulars Less than 1 year 1-2 years 2-3 years More than 3 years Total
(i) MSME -
(ii) Others 453,487 453,487
(iii) Disputed Dues-MSME
(iv) Disputed Dues-Others
Ahuraz Clearing & Shipping Co. Pvt. Ltd

Notes forming part of the financial statements for the year ended March 31, 2024

Note 5 : Other Current Liabilities

(amounts in hundreds)

As on March 31, As on March 31,

Particulars As on March 31, 2024
2024 2023

(a) Advance from customers

(b) Advance for sale of shares
(c) Other Payables 1,299,216.00 12,992.16 357,666.00
1,299,216.00 12,992.16 357,666.00

Note 6 : Short-term Provisions

As on March 31, As on March 31,

Particulars As on March 31, 2024
2024 2023

Others
Outstanding expenses 32,788.00 327.88 32,988.00
Provisions for taxation 1,285,734.00 12,857.34 1,783,536.00
1,318,522.00 13,185.22 1,816,524.00
Ahuraz Clearing & Shipping Co. Pvt. Ltd

Notes forming part of the financial statements for the year ended March 31, 2023 (amounts in hundreds)

Note 7 : Fixed Assets

Gross Block Depreciation Net Block

Adjustmen
ts on
Sr.No. Particulars As on Additions during the Deductions during the As on For the account of Upto As on As on
Upto 01/04/2023 Deductions
01/04/2023 year year 31/03/2024 year change in 31/03/2024 31/03/2024 31/03/2023
useful life
of assets
1 Cycles 3,172 3,172 2,944 134 - - 3,078 94 228
2 Computers 508,284 82,400 590,684 464,985 61,470 - - 526,455 64,229 43,298
4 Furniture & Fixtures 66,417 66,417 63,370 919 - - 64,288 2,129 3,047
6 Motor Car (Maruti Alto car) 381,682 381,682 374,259 2,982 - - 377,241 4,441 7,423
7 Motor Car (Toyota etios) 821,611 821,611 816,337 2,112 - - 818,448 3,163 5,274
9 Motor Car (Hyundai I20 Asta VTVT Car) 885,010 885,010 748,884 42,512 - - 791,396 93,614 136,127
11 Office Equipment (EPABX Crystal) 19,800 19,800 18,355 143 - - 18,498 1,302 1,447

Total 2,685,976 82,400 2,768,376 2,489,134 110,272 2,599,406 168,970 196,843

Total of Previous year 2,636,400 49,576 2,685,976 2,413,181 75,953 2,489,134 196,843 223,220
Ahuraz Clearing & Shipping Co. Pvt. Ltd
Notes forming part of the financial statements for the year ended March 31, 2024

Note 8 : Non Current Investments

Particulars As on March 31, 2024

Other Investments
In equity instruments
(Unquoted and fully paid up, Valued at cost)
98,094 shares (P.Y. 98,094 shares) of Rs.100 each
in G.M.Amusement & Leisure Park Ltd

In government securities
National Savings certificate 37,907
National Savings certificate No. : 4476474211 723,490
761,397

Note 9 : Deferred tax assets (net)

Particulars As on March 31, 2024

As per last Balance Sheet 183,137.82

Deferred tax assets
Related to depriciation -9,832.00
173,305.82

Note 10 : Trade receivables *

Particulars As on March 31, 2024

Unsecured, considered goods

Trade receivables for services 5,450,576

5,450,576
* Additional disclosure as per Note 10.1

Note 11 : Cash & Bank Balance

Particulars As on March 31, 2024

Cash & cash equivalents

 (a) Balances with banks 2,423,121

(b) Cash in hand

Mumbai 595,740
Other Bank Balances

Bank deposits with maturtiy

With period less 12 months 83,011,759
Interest Accured on Fixed Deposits 291,578
86,322,198

Note 12 : Short-term Loans & Advances

Particulars As on March 31, 2024

Security Deposits 1,017

Loans to employees 133,000
Prepaid Expenses 285,705
Others
419,722

Note 13: Other Current Assets

Particulars As on March 31, 2024

Prepaid Taxes 1,847,719

Icome Tax Refundable
MAT credit entitlement
1,847,719
ear ended March 31, 2024

As on March 31, 2023

37,907
676,480
714,387

As on March 31, 2023

199,902.82

-16,765.00
183,137.82

As on March 31, 2023

6,404,401
6,404,401

As on March 31, 2023

 35,361,231

106,429

42,000,000
280,000
77,747,660

As on March 31, 2023

6,670
30,000
278,980

315,650

As on March 31, 2023

1,110,124
1,371,906

2,482,030
Note 10.1 : Trade Receivables Disclosure
Trade receivables ageing schedule as on 31st March 2024

Particulars Less than 1 year 6 months - 1 year 1 - 2 years 2 - 3 years More than 3 years Total
Undisputed trade receivables - considered good 4,697,244 53,525 427,406 272,401 5,450,576
Undisputed trade receivables - considered doubtful
Disputed trade receivables considered good
Disputed trade receivables considered doubtful

Note 10.1 : Trade Receivables Disclosure

Trade receivables ageing schedule as on 31st March 2023

Particulars Less than 1 year 6 months - 1 year 1 - 2 years 2 - 3 years More than 3 years Total
Undisputed trade receivables - considered good 5,729,300 353,900 321,201 6,404,401
Undisputed trade receivables - considered doubtful
Disputed trade receivables considered good
Disputed trade receivables considered doubtful
Ahuraz Clearing & Shipping Co. Pvt. Ltd
Notes forming part of the financial statements for the year ended March 31, 2024

Note 14 : Revenue from operations

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Sale of services (Refer Note No: 14.1) 27,099,342 47,846,894

27,099,342 47,846,894

14.1 Details of services rendered

Clearing, forwarding & agency charges

Agency Charges 12,163,487 10,487,914
Clearing & forwarding charges 1,620,225 2,643,245
Re-Imbursement charges 13,315,630 34,715,735
27,099,342 47,846,894

Note 15 : Other Income

For the year ended For the year ended

Particulars
March 31, 2024 March 31, 2023

Interest income (Refer Note No: 15.1) 6,200,492 4,274,626

Misc. Income 316 2
Sundry Balance written off
Discount/rebate claim received
Loss on sale of G.M. Amusement Park Shares -98,694
Profit on sale of vehicle
6,200,808 4,175,934

15.1 Interest Income

Interest from banks on deposits 5,807,031 4,223,925

Interest on National Savings Certificate 47,010 46,881
interest on Income tax refund 346,451 3,820
6,200,492 4,274,626
ed March 31, 2024
Ahuraz Clearing & Shipping Co. Pvt. Ltd
Notes forming part of the financial statements for the year ended March 31, 2024

Note 16 : Operating Expenses

For the year ended March

Particulars
31, 2024

Clearing and Forwarding Charges 2,189,772

Re-Imbursement charges 13,316,325
Agency Charges

15,506,097

Note 17 : Employee benefit expenses

For the year ended March

Particulars
31, 2024

Salaries & wages 8,961,598

Staff Welfare Expense 412,600
Group Gratuity Scheme 57,375
Employer's Contribution Provident Fund 182,262
9,613,835

Note 18 : Finance Cost

For the year ended March

Particulars
31, 2024

Interest expense -
-

Note 19 : Other Expenses

For the year ended March

Particulars
31, 2024
 Admistrative expense 317,987
Payment to Auditors (Refer to Note No : 19.1) 135,000
Interest on TDS Liabilities
Interest on GST Liabilities
Computer expenses 132,462
Conveyence expenses 295,392
Courier & Postage charges 21,897
Electricity Charges 95,814
Telephone Charges 93,335
Office rent paid 1,475,000
Commission paid
Printing & Stationery 1,134
Professional fees 73,500
Repairs & Maintainence
Rates & Taxes
Vehicle Expenses 272,491
Donation 10,000
Internet expenses 8,400
Sundry Balances w/off 298
2,932,710

19.1 Payment to Auditors as:

(a) Auditors 81,000

(b) For tax audit 32,400
(c) For taxation matters 21,600
135,000
As per our report of even date attached
Signature to Notes 1 to 19
For H A Y and Associates LLP
Chartered Accountants
Firm Registration No.: 104106W/W100984

Kewal K. Shah Mr. Vincent Pinto

Partner Director
Membership No.: 167661 DIN: 01235669

Mumbai, dated Mumbai, dated

nded March 31, 2024

For the year ended March

31, 2023

2,423,598
34,715,735

37,139,333

For the year ended March

31, 2023

5,388,453
102,088
17,678
181,764
5,689,983

For the year ended March

31, 2023

-
-

For the year ended March

31, 2023
 216,710
110,000

119,550
314,078
31,170
123,490
64,643
1,175,000

2,754
94,000
19,245

232,482
10,000
21,900
10,609
2,545,631

66,000
26,400
17,600
110,000

Mr. Lency Pinto

Director
DIN: 01235712