,n9. SARALA FOODS PVT. LTD.

A GOW. RECOGNISED STAR EXPORT HOUSE

GSTIN: 3TAAJCSI 41 9BI ZN CIN: UOI I I I AP2OOSPTC046786

SARALA FOODS PRIVATE LIMITED

NINETEENTH AN NUAL REPORT
F.Y 2023-24

+91 -95506 73365

+9I -94406 55573

,.*i3:ffi[[tllffi@
D.No I -361 (Old Door No: t -2I 5/A), Yanam Road,
Uppalanka, KAKINADA - 533016, East Godavari Dist., A.P., lNDlA.
 23. !mmovable not held in the name of
Relevant Description Gross Title Whether title Property Reason
line of item of carrying deeds deed holder is a held for
item property value held promoter, since not
in the in the director or which being held
Balance name relative# of date in the
sheet of promoter* I name of
director or the
employee of company**
promoter/direct
or
PPE Land
Buildine
lnvestment La nd
property Building

PPE retired
from active Land
use and Building
held
for
disposal

others

Properties are held by company in its own name.

24. Revaluation of Property, Plant and Equipment and intangible assets

The company has not revalued its Property, Plant and Equipment.

25. LOANS/ADVANCES GRANTED TO PROMOTERS/DIRECTORS/KMPS AND THE RETATED

PARTIES

(DEFTNED AS PER COMPANTES ACT)

Type of Amount of loan or Percentage to the total

Borrower advance in the nature of Loans and Advances in
loan outstanding the nature of loans
Promoters
Directors
KMPs

&
Related Parties
26. AGEING FOR CAPITAL WORK IN PROGRESS

CWIP Amount in CWIP for a period of Total*

Less 7-2 2-3 More
than 7 yea rs yea rs than3
year years

Projects in
progress
Projects temporarily
suspended

(a) capital-work-in progress, whose completion is overdue or has exceeded its cost
compared to its original plan, following CWtP completion schedule :

CWIP To be completed in
Less r-2 2-3 More than 3
than 1 years yea rs years
vea r
Project 1
Project 2

There is no capital work in progress.

27. lntangible assets under development: AGEING:

lntangible assets Amount in CWIP for a period of Total*

under
Less than 1-2 years 2-3 More than
development
1 year years 3 years

Projects tn
progress Projects
temporarily
suspended

For Intangible assets under development, whose completion is overdue or has

exceeded its cost compared to its original plan, following lntangible assets under
development completion:

w d*R
w:#
 lntangible assets under To be completed in
development
Less than 1-2 years 2-3 More
L year yea rs than 3
years
Project 1
Project 2

28. Details of Benami Property held

There are no any proceedings have been initiated or pending against the company for
holding any benami property.

29. Returns or statements filed with banks or financial institutions in agreement with
books of accounts
The company has borrowings from banks and statements filed with the banks are in
agreement with the books of accounts.

30. Wilfuldefaulter
Company is not declared wilful defaulter by any bank or financial institution or other
lender.

31. Relationship with struck off companies

Company has no relation with any of the struck off company.

32. Registration of charges or satisfaction with Registrar of Companies

There have been no charges or satisfaction yet to be registered with the registrar of
companies.

33. Compliance with number of layers of companies

The company has complied with the number of layers prescribed under clause (S7) of
section 2of the Act read with Companies (Restriction on number of Layers) Rules,2017.

34. Compliance with approved Scheme(s) of Arrangements

No scheme of arrangements has been approved in terms of sections 230 to 237 of the
Companies Act, 2013

35. Money laundering

No funds have been advanced or loaned or invested by company to any intermediary
and no funds have been received by the company to act as intermediary.

36. Undisclosed income

There is no transaction not recorded in the books of accounts that has been surrendered
or disclosed as income during the year in the tax assessments under the lncome Tax Act,

r>
 1961 (e.g. search, survey, etc,). There is no unrecorded income and related assets for
previous years

37. Corporate Social responsibility (CSR)

Amount Amount of Shortfall at Total of Reason for Nature of

Required to expenditure the end of previous shortfall CSR activities
be Spent incurred the year years

during the shortfall

Year

Charitable
25,00,000 25,00,000 and religious
purpose

Activity for
welfare of
poor

38. Details of Crypto Currency or Virtual Currency

The company has not traded or invested in Crypto currency or Virtual currency during the
financial year.

39. Following ratios:

2023- 2022-
Particulars Units Change
24 23
a. Debt-Equity Ratio Times 2.74 1.93 10.88
b. Debt Service Coverage Ratio, Times 3.26 9.55 -6s.86
c. Return on Equity Ratio, % 0.2s 0.39 -35.90
d. lnventory turnover ratio, Times 5.55 9.65 -42.49
e. Trade Receivables turnover ratio, Times 8.77 15.8 -44.87
f. Trade payables turnover ratio, Times 10.81 L3.77 -17.92
g. Capital turnover ratio, Times 13.55 27.47 -36.89
h. Net profit ratio, % 1.88 1.81 3.87
i. Return on Capital employed, % 0.s0 0.49 2.04
j. Return on investment % nil Nil

EV
FF-:

Reason for changes:

Reason
a. Debt Service Coverage Ratio Due to increase in net operating income and interest cost
b. Return on Equity Ratio, Due to increase in returns and average shareholder equity
c. lnventory turnover ratio, Due to reduction in cost of goods sold
d. Trade Receivables turnover ratio, Due to reduction in average debtors
e. Capital turnover ratio, Due to increase in average shareholder equity

Vansh Agrawal Honey Agrawal

Director Director
(DlN:08792t82) (DlN:07610519)
Acknowledgement Number: 595631951O9f O24 Date of filing : O9-Oct-2O24

INDIAN INCOME TAX RETURN ACKNOWTEDGEMENT I Assessment

lWherethe data of the Return of lncome in Form ITR-L(SAHAJ), ITR-2, ITR-3, ITR-4(SUGAM), ITR-s, ITR-6, ITR-7 I Year
filed and verifiedl
(Please see Rule 12 of the lncome-tax Rules, 1962) 2024-25

PAN AAJCSl.419B

Name SARALA FOODS PRIVATE LIMITED

Address
37-2-14, MARKET STREET, Govt.Gen Hospital S.O, Kakinada (Urban) , EAST GODAVARI , 02-Andhra Pradesh,
91-lNDrA, 533001

Status 7-Private company Form Number ITR-6

Filed u/s 139(1)-On or before due date e-Filing Acknowledgement Number 595631951091024

Current Year business loss, if any 1 0

Total lncome 2 23,73,26,9r0

_g
o
o Book Profit under MAT, where applicable 3 0
cr
x
G
Adjusted Total lncome under AMT, where applicable 4 0
E
E
o
o Net tax payable 5 5,97,30,436
E
o
lnterest and Fee Payable 6 90,066
E
g
ll Total tax, interest and Fee payable 7 s,98,20,502
G
x
o
Taxes Paid I 6.02,27,373

(+) Tax Payable /(-) Refundable (7-8) 9 (-) 4,06,870

=G Accreted lncome as per section 115TD 10 0

o
o
x Additional Tax payable u/s Ll.5TD 11 0
t!
t,
c lnterest payable u/s 115TE L2
0
G
o
E
o
Additional Tax and interest payable r.3 0

;o Tax and interest paid L4 0

E
(+) Tax Payable i(-) Refundable (13-14) 15 0

This return has been digitally signed by VANSH AGARWAL in the capacity of
Director having PAN DOLPA6621D from lP address 122.L87.L56.t22 on
09-Oct-2024 18:30:10 at kakinada (Place) DSC Sl.No & lssuer 774L628 &
72576664213383CN=Verasys Sub CA 2022,OU=Certifying Authority,O=Verasys Technologies Pvt Ltd.,C=lN

system Generated

Barcode/QR Code llilffiHdffiffiffiffilillt

4ArCS141980659563195 1O91O24c28fba62e528d953382e4e5cebd3dcgcfba8OO22

DO NOT SEND THIS ACKNOWLEDGEMENTTO CPC, BENGALURU

 SARALA FOODS PRIVATE LIMITED
CIN NO: U01111AP200SPTC046786
Balance Sheet as at 31st March, 2024
tn tn
Particulars Note 31.03.2024 31.3.2023
I Equitv & Liabilities
l-
I

I Shareholders'Funds
I sn.ru Capitat 2 628.51 628.51
I R"r"rr", & Surplus 3 5,016.16 3,296.84
I
I
Non-current tiabilities
I
I Long Term Borrowings 4 53.40 63.39
Oeferrea tax liabitities (net)
I 0.53
I Other Long Term Liabilities
I

Current Liabilities
I
Short Term Borrowings 5 L2,028.29 7,506.67
Trade Payables 5 7,890.55 4,534.65
Other Liability 7 673.44 1,969.03
Short Term Provisions 8 597.26 464.39
Total 26,897,60 18,464.01
Non-current Assets

Property, Plant & Equipment 9 7,0L9.57 L,077.49

Capital work in Progress
Non-current lnvestments 10 1.00 1.00
Deffered Tax assets LL 9.11
Long Term Loans and Advances
Other Non Current Assets T2 250.s9 243.39
Current Assets
lnventory 18,323.53 4,94L.L0
Trade receivables 13 6,625.7L 7,182.86
Cash and Bank Balances 74 368.37 2,1L6.46
Short term Loans & Advances 15 836.79
other current assets 16 289.73 2,L30.92
Total 26,897.62 t8,464.O1
Significant Accounting Policies 1
Notes on Financials Statements 2to 22

The notes are an integral part of these Financial Statements

Signed in terms of our Audit Report of even date. behalf of the Board of directors
For M/s PM BABU & ASSOCTATES

MANAGING DIRECTOR DIRECTOR

08792442
DIN: DtN:07610519
KAKINADA KAKINADA
Firm Registration No :0169975
Membership No. 224895
Place : Kakinada
Dated: -08-2024
UD'N:-
Lq zlq816 BKABroSlg-l
 SARATA FOODS PRIVATE L!MITED
CIN NO: U01111Ap2(r5pTCO4678G
Statement of Profit & Loss for the year ended 31st March, 2024
Statement Of Profit & Loss for the year Ended 31.03.2024 ( in Lakhs) ( in Lakhsl
Particulars Reference Year Ended
N6t. Itl6 tt na ,ara Year Ended 31.03.2023

(A) Revenue From Operations 17 91,469.31 98,258

(B) Other tncome 18 379.99 64

(C) Total Revenue 91,849.30 98,322

(D) Expenses:

Cost of Material Consumed

Purchases Of Stock -in -Trade 91,680.12 77,777

Change ln lnventories 19 -13,382.43 727

Employee Benefit Expenses 20 224.22 L79

Financial Costs 2t s82.49 37L

Depreciation and Amortization Expense 9 775.69 181

Other Expenses 22 ro,262.26 t7,37r

Total Expenses 89,s42.36 96,546

(El Profit before exceptional and extraordinary items

and tax 2,306.94 1,776

(F) Exceptional ttems

(G) Profit before extraordinary items and tax
(H) Extraordinary ltems

(l) Profit before tax

U) Tax expense:

(i) current tax 597.26 464

(ii) Deferred tax -9.64 -72.94
(iii) Earlier Year Taxes

Profit/(Loss) for the period from continuinS

(K)
operattons L,719.32 t,324.U
(L) Profit/(Loss)fromdiscontinuingoperations
(M) Tax expense of discounting operations

(N) Profit/(Loss) from discontinuing operations (after

tax)

lOl Proflt/(toss) for the Year L,7L9.32 t,324.44

(Pl Earnings Per Equity Share

#e
(i) Basic
(ii) Diluted

w
\\.t
Signed in terms of our Audit Report of even date. For and o\beh\f
the Board of directors
of SEAr^FOOps private Limited
For M/s PM BABU a aSS/ilres
A5S cr .TES

\\5-.##
ffi;
Firm Registration No : 0169975
Membership No. 224896
Place:Kakinada
Dated: -08-2024
MANAGING DIRECTOR
DIN:08792442
KAKINADA
DIRECTOR
DIN:07610519
KAKINADA

N:-
;? g r
UD
zuzL[Sg 6 t5l(ABFo
 tn
31.3.2024 3L.3.2023
Share Capital
Authorized Share Capital
1,00,00,000 Equity Share of Rs. 10/- each 1000.00 1000.00
1,000.00 1,000.00
lssued, Subscribed & Fully paid Up Capital
62,85,t10 Equity Shares of Rs. L0/- each 628.51 528.51

628.51
a) Reconciliation of Number of Shares
Equity Shares
Balance at the beginning ofthe year

Shares issued during the year

Shares bought back during the year
Balance at the end of the year

b) Terms/Rights attached to Equity Shares

The Company has one class ofequity shares having a par value of Rs 10/- each. Each
shareholder is eligible for one vote per
share held in the company. The dividend proposed by the Board of Directors
of the company, if any, is subject to approval of
themembersintheensuinggeneral meeting,exceptinthecaseofinterimdividend,ifdeclared.
lntheeventofliquidationof
the Company, equity shareholders shall be entitled to receive the remaining assets, after
the distribution to preferred
shareholders, if any, in proportionate of their shareholding.
c) Detail of shares held by shareholders holding more than 5% of the aggregate shares in
the Company
Year ended 31.03.2024 Year ended 31.03.2023

Total

d) Atgregate number of bonus shares issued and shares issued for consideration other than
cash during the
five years immediately preceding the reporting date
Equity Shares NtL

e) Buy Back of Equity shares

Aggregate no. ofshares bought back in preceeding 5 years NtL

Reserves & Surplus

3\.3.2024 3r.3.2023
Securities Premium

Surplus in the Statement of profit & Loss

Balance at the beginning of the year
3296.84 L972.39
Add:-Profit for the year
L7L9.32 1324.44
5016.15
Less:- Transfer to Reserve
Balance at the end of the year
50r.5.15 3296.84

Total Reserves & Surplus

5015.16 3295.84

?i
r
(

*
ki n {9
 Lont Term Borrowings 3L.t.2024 3t.3.2023
Secured Term Loan
From Banks 53.40 53.39
From Others

Unsecured Loans
From Directors
From Others

Total Long Term Liabilities 63.40 63.39

Short Term Borrowings 3L.O3.2024 31.3.2023

From banks L20t7.52 7499.06

Others 70.77 7.61,
Lz,O28.zg 7,506.6?

Trade Payables 3L.O3.2024 3L.3.2023

Trade Payables for goods & services 7890.55 4534.55

Total Trade Payables 7,890.55 4,534.65

OTHER CURRENT LIABILITIES 31.03.2024 31.3.2023

Duties and Taxes (RCM payable) tl.82 1.06
Audit Fees Payable 0.45 8.10
Salaries Payable 9.92 9.37
TDS payable 27.29 26.L1.
EPF payable L.46 t.34
Drip Capital lnc 1157.05
Electricity charges payable 5.95 L4.82
Trade Advances Received from Customers 648.52
Factoring and interest Payable 33.9s
ESIC Payable 0.15 0.13
TCS Payable 0.05 0.02
Other liabilities 516.33 L9.42
Current Maturities for Long Term Debts 39.15

Total 673.44 1,969.03

Short Term Provisions 31.03.2024 31.3.2023

lncome Tax Provision 597.26 464.39

597.26 464.39

10 Non-current lnvestments (Non-Trade) 31.3.2024 3t.3.2023

9999 Shares of Rs. @10 Each Fully paid of Sarala Foods tmpex private Limiter 1.00 1.00

Total Non-current lnvestments 1.00 1.00

Aggregate amount of Quoted lnvestments

Aggregate amount of Unquoted lnvestments 1.00 1.00
Aggregate Market Value of euoted lnvestments
Aggregate provision made for diminution in value of investments

Defered Tax Assets

Deferred Tax Asset 31.03.2024 31.3.2023

Opening Balance 0.53 73.47

less: DTA provided during the year -9.64 -L2.94
-9.11 0.53

W U
 OTHER NON CURRENT ASSETS
3,..3.2024 3L.3.2023
Gold Coins 2.93 2.93
Bank Guarantee Deposits 37.26 29.61
Fixed Deposits 188.08 190.16
Security deposits 38.32 20.70

260.59 243,39

13 TRADE RECEIVABTES 3t.03.2024 3t.?.2023

Debtors 6,625.7L 7,L82.86

6,625.71 7,ta2.86

Cash and Bank Balances 3L.O3.2024 3L.3.2023

Cash and Cash equivalents
FDR
Balances with banks:
ln Current Accounts* 356.89 2108.72

Cash in hand including imprest 1,.48 7.74

Total Cash and Bank Balances 368.37 2,tL6.46

15 Short-term Loans & Advances 37.03.2024 31.3.2023

Staff Advances t2.t7

Other Advances 37.39
Trade Advances to suppliers 787.23
(Unsecured and considered good unless stated otherwiset

Total Short-term Loans & Advances 836,79

16 Other Current Assets 3L.03.2024 31.3.2023

Deposit for forward contracts
340.27
Accrued lncome 289.73
Other current assets 1790.64

Total Current Assets 130.92

ls

TV
*l
 in Lakhs in Lakhs
Year ended Year ended
NOIC;17 REVENUE FROM OPERATIONS
31..03.2024 31.03.2023
Sale of Products lnclude:

Export Sales 75,977.L3 83,731.29

Add: Foreign exchange fluctuations 1,97r.19 L,987.43
Less: export Duty 6,363.42 3,334.38
Export Sales net of duty 7L,5g4.gO 82,384.34
Domestic Sales
Exempted sales L8,826.67 LL,991.22
Taxable sales 81L.95 19,638.62 3,268.58 15,259.90

Other Operating Revenue:

Duty Drawback 15.60 2L.24
RoDTEP sale 200.16 452.96
Early Dispatch Consideration 30.03 L39.71
Total 91,469.3t 98,258.06

Year ended Year ended

NOIC: 18 OTHER INCOME
31.03.2024 31.03.2023

Exchange Difference L56.2L

lnterest lncome on Joint Venture 135.11
lnterest on FD L3.67 9.88
lnterest on Electricity Deposit L.26 1.08
lnsurance Claim Received 8.68 43.34
Purchase order cancellation charges 9.30
JoB Work Receipts 29.24
Terminal Charges 0.04
Sundry balances write off 35.81

Round off 0.00 0.02

TOTAT 379.99 63.55

Year ended Year ended

NOIE: 19 CHANGES IN FINlSHED GOODS
31.03.2024 31.03.2023
Opening Stock 4,94L.L0 5,668.07
Less: Closing Stocks 18,323.53 4,94L.L0
CHANGES IN FINISHED GOODS -t3,382.43 726.97

Year ended Year ended

NOIC: 20 EMPI-OYEE BENEFIT EXPENSES
31.03.2024 31.03.2023
SALARY AND WAGES 158.0s 109.13
Director Remuneration 27.O0 41.00
Staff Welfare 75.44 LL.45
Bonus 13.41 8.37
Provident Fund 8.91 7.74
Esi L.4t L.23
TOTAT 224.22 178.92

W OV
 Year ended Year ended
Note: 21 FINANCE COST
31.03.2024 31.03,2023
lnterest On bank loan 524.r0 t27.97
Bank charges 55.40 73.27
Other Finance Charges 2.99 169.90
rOTAt 582.49 371.14

Note:22 OTHER EXPENSES

Freight 2,380.0L 9,742.L0

lOcean
Consumption of PP Bags 7,751.59 2,009.15
Export duty paid L,705.26
Clearing and forwarding charges t,572.91. L,070.23
Loading and unloading charges 841.72 1,418.55
lnspection and Certification charges 239.25 290.13
Power Charges 237.56 289.34
Freight & forwarding charges 208.20 410.70
Plant Expenses t42.97 119.83
Sundry Balance written off 131.36 2L9.46
Fumigation charges 119.99 108.91
Vessel agency fee and other expenses tl]-.26 262.83
Railway Freight 99.86 232.97
Job work Charges 90.10 97.36
Transport charges 79.85 25.56
Travelling Expense 76.74 42.20
Professional Fee & Legal Charges 67.L9 60.26
lnsurance 66.24 72.39
Bags Stiching Expenses 49.35 78.32
Commission & brokerage paid 44.O7 L20.61
Business Promotion Expenses 37.80 18.06
Labour Expenses 26.83 38.26
Corporate Social Responsibility Expenditure 25.00 15.00
Consultancy fess 20.4t 16.33
Loss on common reversal itc 16.13 L]-.20
Security Charges 14.08 10.70
Demmurage expenses 13.91 73.03
Miscellaneus Expenses L2.04 5.51
Courier and Postage Expense 11.91 11.16
General expenses LT.7L 10.07
Vehicle Repait and Maintainenance 9.93 6.67
Office Maintenance 9.73 8.37
Tax Related to Earlier Years 5.86 1.15
Printing And Stationary s.50 2.84
Subscription FEES 5.27 10.39
Lease Rent 4.80 4.80
Expenses 4.05 3.13
Rates & Taxes 3.69 31.61
Rental Charges 2.70 42.93
Computer Maintenance Expense 2.Lt L.79
Membership Expense 1.09 10.40
elephone Expense 1.03 L.37
Advertisement Expenses 0.62
Auditor's Remuneration 0.s0 11.00

ffig w
I Software Purchase 0.11 L.77
I

lnterest on TCS 0.04 0,00

I
Bad Debts 100.00
Port dues 61.08
Surveyor expenses 37.87
Godown Preservation Payment 36.00
Donations 7.93
Commission on Export L4.70
Custom Duty lmport 8.43
Railway Dc charges 5.94
Detention charges 5.92
Price Difference 4.57
Railway lndent 4.29
Tarpaulin Covering Expense 2.39
lmport Duty 2.36
Lable Expense 1.38
Loss On Sale Of Asset 0.09
TOTAT to,262.26 17,310.80
 SARALA FOODS PRIVATE LIMITED
Cl N I U0111 1AP2005PTC046785
Cash Flow Statement for the vear ended March 31,2024
( in Lakhs) ( in takhs)
For the year ended For the year ended
S.No. PARTICU[ARS
3L.O3.2024 31.03.2023
A flow from operating activities
lCash
lProfit before tax 2,306.94 L,775.89
lAdjustments for
lDepreciation 175.69 180.59
I

(gain)/loss on restatement of foreign currency assets

lUnrealised
l& liabilities,net
l(e ,in)/roson sale of Shares
I

and finance charges

llnterest
on sale of lnvestment
lProfit
llnterest lncome
I

lLoss on sale of Flat/Building

lProfit on sale of site
I

profit before working capital changes 2,482.63 1,956.48

lOperating
for changes in Working Capital:
lAdjustments
in sundry Debtors 557.15 -4,574.34
l(lncrease)/Decrease
l(lncrease)/Decrease in lnventory -13,382.43 726.97
l(tncrease)/Decrease in ShortTerrn Loan And Advances 836.79 -140.25
in current Assets ' L,84L.L8 -1,634.68
l(lncrease)/Decrease
lncrease/(Decrease) in Short Term Borrowings
lncrease/(Decrease) in current Liabilities 6,7t4.80 6,437.55
Cash Generated from operations -949.88 2,771.72
Direct Taxes Paid 597.26 464.39
Cash flow before extra Ordinary Activity -1,547.13 2,307.33
Extra Ordinary ltems
Net Cash from Operating activities -L,547.L3 2,307.33

B Cash flow from investint activities

Purchase of Fixed Asset -183.80 -24L.27
Sale of fixed assets/Subsidy Received 0.05 2.64
Purchase of lnvestment -1.00
Proceeds from lnvestment
Profit on sale of lnvestment
lnterest lncome
FDR -L7.20 -108.76
lncrease in long term loans & advances
Net cash used in investing activities -200.95 -348.39

c Cash flow from financing activities

Loans taken from Directors 0.01
Loan taken 63.39
Proceeds from issue of share capital
Repayment ofTerm Loans -40L.94
lnterest Paid
Redemption of Shares
Net cash used in financing activities 0.01 -338.55
 Net cash flow during the year (A+B+C) -L,748.08 L,620.39
Add:Unrealised gain/(loss) on restatement of foreign currency
assets & liabilities,net
TOTAT
ADD:- Cash & cash equivalents at beginning of the year 2,LL6.46 496.06
Cash & cash equivalents at end ofthe year 368.37 2,1t6.46

Components of cash and cash equivalents as at end of the year

Cash in hand 1_.48 7.74

Balance with Scheduled Banks
Current Accounts 366.89 2,LOg.72
Cheque ln hand
Fixed Deposits( lncluding lnterest Accrued thereon)

Signed in terms of our Audit Report of even date. ehalf of the Board of directors
For M/s PM BABU & ASSOCIATES

CHARTERED ACCOUNTy'ilIS

^a) llIdI
w,-t l\\_ I HONEY
, MANAGING DIRECTOR DIRECTOR
Pk-i-na

DIN: 08792442 DIN:07610519

P. MO}IAM BABU KAKINADA KAKINADA
(pnAt'rrrrn)
Firm Registration No :0169975
Membership No.224896

Place:Kakinada
Dated: 2l -08-2024
UD'N:- LqzLL4gg6 BkABFO 3g? I
PARTICUTARS

Long Term Borrowings

lClCl Car Loan-LN KKN00043966079 50.99
ICICI EICHER VAN LOAN- LVKKNOOO4526927O 6.20
ICICI EICHER VAN LOAN- LVKKNOOO45269273 6.20
63.40

Short Term Borrowings

Erm ganks
AX|S BANK CC AIC-923O30O72O767'7 1011.83
Axis Bank - Pre Shipment-g24080001037455 1425.00
DBS Ba nk Cu rre nt Al c-837 5200000008426 86.22
DBS EPC A/C-837s30000000881s L494.72
HDFC Post Shipment Account 499.77
HDFC Pre Shipment Account 7499.97
12,017.52

Other Liability

Outies ana faxes tnC

CGST Rcm output 0.34
IGST Rcm output LL.L4
SGST Rcm output 0.34
LL.82

Asdirfees.pavahle 0.45

Salarieslavable 9.92

TDS Pavable
TDS on goods purchase 194 q 9.49
TDS on professional fee s.96
TDS on rent 0.60
TDS on salary 0.85
TDS on contractors LO.72
TDS on commission and brokerage 0.28
27.29
ePr Evable
EPF employer contribution payable o.76
EPF employees contribution payable o.70
1.46

Power charses Pavbh 5.96

EslEevalle
ESIC Employee Contribution 0.03
ESIC Employer Contribution 0.13
,;l

M
0.15
&t

$VW \ ,"srYl

-
rcS-eavable
TCS on scrap sale 0.05

Otherlahrlllles
lnterest on bank loan 34.84
outstanding expenses
inspection and certification charges 9.00
Professional Fees 9.90
Consultancy Fee 4.67
Purchase on lnt Deduction 46.99
Legal & Professional Expenses 5.00
110.40

Istal-alhelliahilih( 1,758.92

Non-current lnvestments

Sarala Foods impex Share investment 1.00

Other Non Current Assets

Goldloins 2.93

gank Guarantee Deo

Union bank of india 37.26
Eixed-Aenosits
Union bank of india 30.s3
HDFC bank 157.55

Secsrityieposits
Appeal amount 2.97
Electricity deposit 78.73
NSC deposit 0.05
GST appeal fee deposit L.92
Rent Deposit L4.64
260.59
Cash and Bank Balances

Cash 7.48
Ealanseudth-hank
AN DHRABANK NABARANG PU R -1060111OOOOO13 1 0.06
coRPo RATTON BAN K Cl A-01,6207601 140019
HDFC Bank CA Ac No-50200078337105 427.95
INDUSIND BANK - 200011971391 0.04
INGVYSYA BANK - 330011019074 0.09
uBr coLLEcTtoN A/c - 02s511100000511 41.50
Less: Cheque issued but not presented 149.85
Cheques on Hand 47.1O
358.37

3 oot

-/xQ
ina" '
Assessable lncome ( in takhs)

Net Profit before Tax 2306.94 Deferedlax

Add: Dep companies 175.69 Dep as per companies act L75.69
Less: Dep as per income tax 137.39 Dep as per income tax r37.39
Add: CSR Expense 25.00

Add: Donations 0.00 38.31

GST penalty (rates and taxes) &
Add: interest on tcs 0.11 Avg Rate of Tax 25.168
Deferred Tax Asset 9.64
Add: lncome tax relating to PY 2.73

Net lncome 2373

TaxPayable @ 22% 522

Surcharge @ 10% 52
EC@ 4% 23

Tax Payable 597

Adv Tax 545

TDS/ICS Receivable 57.04

M6f
r
Net Payable -4.79

6ol2s i\
-{
533 001

[ry
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n[^
COST OF MATERIAL CONSUMED ( in Lakhs)

OPENING STOCK 4,94L.LO

PURCHASES

EXEMPTED PURCHASES 83,672.4r

PP BAGS PURCHASE 38.41

PURCHASE ON INT DEDUCTION 173.08

MPORT OF SOYA BEAN 108.79

IAXABLE PURCHASE -INTER STATE 3,515.57

TAXABLE PURCHASE -INTRA STATE 4,O3L.07

RATE DIFFERENCE ,
47.L9

LESS:CLOSING STOCK 18,323.53

g 78,297.69
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 Shertlen[-Eo-Eounss ( in takhs)
From Others

Vinod Kumar Agarwal 8.49

Usha Agrawal L.84
Aarel lmport Exoort Pvt Ltd 0.44
L0.77
Other current assets

Accured lncome
V income 154.62
lnterest on income 135.11
Duties & Taxes (Asset)
CGST lnput 727.04
IGSTlnput 114.37
SGST lnput 167.55

Duty Draw Back Receivable A/c 7.63

lnterest Receivbles on Electricity Deposit L.14
Prepaid lnsurance 9.25
RODTAP E-Scrips Receivable 42.13

Tcs Receivable 0.05

TDS Receiva ble -F.Y .2023-24 4t.51
a

Advance tax 545.00

Custom duty Receivable from SSRS 13.18
Prepaid ECGC insurance 3.74
Other current assets L072.59
1362.32

Presentation of Trade Pavables

add Trade Pavables
Akula Veera Prasad Babu 0.03
As Agro Engineering Work-Raipur 0.s0
Ckr Engineerings o.t2
GANGA SAI WATERS 0.16
Honey Agrawal Current 0.81
Khusal - Kakinada L,4L
Pixel Graphics 0.04
PRAVEEN TECHNO SERVICES 1.09
Quality Enterprises - Kakinada 0,79
SATYA ELECTRICAL & GENERAL STORES L.44
Shaiahan Plastics and Screens 0.66
Star Agribazar Technology Ltd -UP 3.40
lees N More Private Limited-Mumbai 0.19
ISN Reddy Agency 1.05
Ass Clearins Asencies -Kakinada 3.17
CRISIL RATINGS LIMITED 0.97
Elite Security Force - Kakinada 1.35
Export lnspection Agency - Visakhapatnam 0.02
Gullapudi Glass & Plywood Center 0.7c
Kintic Process Technology lndia Pvt Ltd 22.72
Lakshmi Ga napathi Agencies-Fuel o.47
Maruti Steels - Jk Pur Kakinada 0.57
NAVEEN ENTERPRISES 0.02
Pardeep Tayal & Co 1.08 .\\
Pranav Bansal-Sunmarg 0.05 -l
s33 0011
PRAVIN ENTERPRISES 0.28
Ramakrishna Electrical Winding Works -Kakinada 0.94
Saiteja Shipping Services 0.81
Seven Aura lnteriors Pvt Ltd L.64
Shri Nangli Foundry Works - Delhi 1.98
SIVARAMA STITCHI NG WORKS 1.82
Sree Venkateswara Enterprises 0.09
Sri Sai Agencies - Samalkot 0.32
SRI VENKATA PANI RAGHAVENDRA HARDWARE & MILL STORES 0.07
Uma Air Conditionor Works-Kakinada 0.08
VARUNA ELECTRICAL RE WINDING WORKS 0.01
AS INDUSTRIES 0.34
HARRA POLYPACK 38.32
Lincon Polymers Pvt Ltd-Gujrat 18.58
SHREE TIRUPATI BALAJEE AGRO TRADING CO.Pvt.Ltd. 3 1.1C
Shri Geeta Sacks Pvt Ltd 139.21
SSV FAB INDUSTRIES PVT, LIMITED 459.5C
APM TERMINALS INDIA PVT LTD - CHENNAI 1.10
IAYA VEERABHADRA TRADERS - W KHANDRIKA 2.89
MAA AMBE TRADING COMPANY - BEGURSARAI 11.89
MM KALYANI TRADER .HISUA .NAWADA 0.13
MAHADEO BHANDAR - BARBIGFiA 29.83
PREETI TRADERS -SILAO - NALANDA 35.19
RNU ENTERPRISES. TALLAREVU 35.31
SHAMBHU SHANKAR TRADING - WARISALIGANJ 4.O2
SHREE KRISHNA ASSOCIATES- RAMCHAN DRAPU R L8.47
SHREE VISHNU INDUSTRIES-GAYA 22.98
ADILAKSHMI INDUSTRIES - VETLAPALEM 2.55
Asrawal Rice Products- Rainandeaon( Chhattishearh) 50.20
AMBA AGRO INDIA PRIVATE LIMITED- Haryana 15.00
AM RIT AGROTECH-Dhamtari(Chhattisga rh) 105.79
Anmol Agro Tech - Dhamtari (c,G) 730.64
Annapurna lndustriese-Rajnandagoan 8.88
AV AGRO -KAKINADA 66.91
AVI INDIA INTERNATIONAL LLP -C,G 4.76
BANSIWALE RICE I N DUSTRIES-DHAMTARI-(Chhattisgarh) 32.88
Bhagwati Agri Commodity Pvt Ltd - Raipur (C.G) 16.90
Blue Ocean Marine Pvt Ltd -Kakinada 103.91
Bureau Veritas lndia PW Ltd-Vizag r.52
CITY MULTITECH PRIVATE LIMITED-BISTUPUR( Jharkhand, 46.49
Essence Shippine LLC 227.65
GEO-CHEM LABORATORI ES PVT.LTD 77.68
GOPI SRI KRISHNA AGRI EXPORTS-Tadepalligudem 49.26
HP lnternational 2.28
INDU RICE PRODUCTS-NARSIPATNAM 28.48
INTERTEK INDIA PVT LTD L.40
JS MARINE SURVEYORS AND ANALYSTS LLP-KAKINADA 0.53
KANKARIYA PROCESSING AND GRADING INDUSTRIES tr2.L9
Kashi Traders-Gandhi Guni, Bidar 0.s0
Kela Rice I ndustries-Cc L02.20
KRIBHCO AGRI BUSINESS LIMITED-DELHI 250.94
KRISHNA FOODS-KURUD 99.77
KUNAL ENERGIES AND AGRO EXIM LLP 612.41
KUNJ BIHARI FOOD PROCESSORS PVT LTD-Ramgarh(Jharkhand 26.O4
Maha maya Foods-Dhamta ri 0.75
Maheshwari Rice I ndustries-Kurud Dhamtari 52.22
Manasa Quality Enterprises Limited-Kakinada 13.69
Mangal Murti Agro-Raipur 139.35
MAXRISE AGRI EXIMS PRIVATE LIMITED-KKD 27.97
MEENAKSHI AGRO INDUSTRI ES-Karimnagar,(Telangana) 5.14
MU NDRA AGRO PRIVATE LIMITED-Giridih(Jharkha nd) 29.4L
Murti Rice Mill-Kurud 11.68
NIMMAKAYALA SRINIVASA RAO 6.23
PANKAJ KUMAR YADAV-PLANT OPERATOR L.78
PATTABHI AGRO FOODS PVT. LTD 442.71
PEST CONTROL M.WALSHE 29.78
PEST MORTEM (INDIA)PRIVATE LIMITED 20.22
Pratik Rice lndustries-Raipur 772.4L
RAMLAXMAN PARBOILED RICE PVT LTD - NALGONDA 0.s0
Ram Naravan Satva Naravan Asrawal-Champa (C.G) 9.52
RICE MOUNT EXIM PVT LTD-Raipur 55.51
RUDRAAGROTECH - Balod 55.66
SAI HANUMANT INDUSTRIES Pvt ltd - Raipur (C.G) 7.77
SAI VYSH NAVI PARBOI LED RICE I N DUSTRY.NAKREKAL 47.69
SANJANAA RICE PVT.LTD. -RAIPUR 752.70
Shir Aurthor Cotton Modern Rice Mill 52.33
SHIVAM INDUSTRI E5-RAl PUR(Chhattisgarh) 339.20
SHREE BALAJIAGRO FARM INDUSTRIES PRIVATE LIMITED L7r.38
Shree Ekdant Agrotech - (Chhattisgarh) 1.32
SHREE GOWTHAMEE RICE INDUSTRIES PVT LTD -CHELLURU 43.80
Shree Jagganath Rice Traders-Kantabanji (Odisha) 49.94
Shree Roshsan Rice lndustries - Dhamtari (C.G) 25.99
SHREE SHIV SHAKTI TRADERS-GONDIA,(Maharashtra) 18.69
SHRI BHAGWATI RICE MILL- KURUD 74.73
Siddhi Ganesh Rice lndustries - Kurud 134.18
SOWBHAGYALAKSHMI RAW AND BOILED RICE MILL 13.69
Sri Aishwalya Enterprises 6.01
SRI BALAJI MODERN RICE MILL-PEDDIPALEM 11.93
Sri Choudeswari Cashew lndustreis 0.33
SRI GAYATHRI MODERN RAW & BOILED RICE MILL PVT LTD 151.55
Sri Harini Shippine and Logistics 34.87
SRI LAKSHMI GANAPATHI EXPORTS - YANAM r35.41
SRI LAXMI NARAYANA AGRO INDUSTRIES - ACHAMPET (T.S) 6.26
Sripad Traders-Kakinada 5L8.72
SRI RAMANJANEYA MODERN RICE MILL-CHEEPURUPALLI 5.51
SRI SAI BALAJI MODERN RICE MILL.PEDDIPALEM 7741.7C
SRI SAI MANIKANTA TRADERS - iHOTAPETA 30.95
SRI SAI TEJA TRADERS.KAKINADA 5.98
SRI SEETARAMANJANEYA SORTEX 38.73
SRI SIDDHIVI NAYAKA INDUSTRI ES-Karimnagar, L9.54
5RI SRINIVASA MANIKANTA TRADERS_SAROORNAGAR 9.29

W\)
SRI VASAVI RICE INDUSTRIES -CHODAVARAM 2.r5
SRI VEERAVENKATA SATYANARAYANA RICE & FLOUR MILL 3.32
SRI VIJAYA LAKSHMI RAW & BOll-ED RICE MILL-Nadakudur 27.54
Sri Viswa Priya Exports-Kakinada 30.66
TIRUPATI BALAJI TRADERS - BIHAR SHARIF 242.70
TIRUPATI FOODS PROCESSING PRIVATE LIMITED - Bihar 792.54
TIRUPATI TRADERS - BIHAR SHARIF 176.80
Trinity Shipping & Allied Services Pvt.Ltd-KANDLA 8.44
Vaishnavi Rice lndustries - Pedaparthi 87.7t
VIDYA AGRO FOOD PRODUCTS- RAMANNAPET 9.98
VIJAY KRISH NA SORTEX,TU RANG I 4.00
Vijay Rice Mill - Raipur (C.G) 55.48
VIMALNATH RICE MILL -Ahmedabad, Gujarat, 3.69
VIRTUE INSPECTION SERVICES PW.LTD - KKD 12.23
VISHNU G U RUDATTA TRADERS-RAJANAGARAM 30.17
VIVEK ENTERPRISE 57.78
VIVEK FREIGHT& LOGISTICS PW LTD, 153.82
Yogesh Trading Company -Kerala 105.34
Ambica Satish 3.71
Anala. Raj Babu( A.V.V.Satyanaryana) 0.15
Arunaa Company 0.01
-Broker 30.11
Chikkala Adhinarayana 0.02
DELHI - MUNNA 3.76
G G COMPANY t.52
Gopal Jhawar-Raichur 7.47
G.PATTABHI RAMAYYA 0.82
GUPTA TRADERS - NIDADAVOLE 0.1c
GVR & CO 5.56
HANSRAJ AGRAWAL 38.18
Hemanth Sharma 3.85
Kishore Kumar Abbad 3.05
Kk Nasaruddin Baba 0.07
LAXMI CANVASSERS (ISHWAR AGENCY) - VADODARA t.28
Manikanta Canvassers 1 5.34
M Narayana Swamy 0.31
M RAMAKRISHNA - TURANGI 0.3s
Naman -Raichur 1.19
Natraj Grain Broker 3.0s
N.KANYA KUMARI 8.44
Pavan Commercial 4.64
PRABHU 0.06
RAJESH KUMAR JAIN 2.52
RANJANA GUPTA 0.52
RASHMI AGRAWAL s.08
Sachin Kumar (Delhi) 0.48
SANDEEP KANDELWAL 5.51
Sharat Jawahar - Mumbai 1.22
Singhal Agri Ventures - lndore (M.P) 0.17
SRI BALAJI TECHNOLOGIES - KKD AGENT 0.09
SRI TEJA CANVASSING AGENT 0.33
SURAJBHAN KHANDELWAL 0.47
UDAY VARMA TRADERS & COMMISSION AGENT- BR o.77
Vishal Khandelwal 28.58
V.LAXMAN RAO 0.08
9250.30

,) ?+P

W
less Short term Loans & Advances
Staff Advances
Donka Simhadri 0.09
Gandi W Durgaraju-V'rjay 0.02
Katta Satish-Staff 0.03
K.Yadava Rao 3.15
Medisetti Prakasa Rao 0.09
Penke Durga Prasad (Driver)-Staff 0.1c
Pitta Ashok 0.09
Prem Kumar Sharma 5.86
P V Durga Prasad-Staff 0.03
Rangala Sathi Babu 0.3s
Rongala Balakrishna-(New Driver)-Staff 0,55
Setti Ravi Kishore-Staff t.82
S.Veeraswamy 0.05
T.Srinivasa Rao 1.05
Vagvala Teja Deepak 0.27
Vallabhadasu Durgaprasad 0.8c
Less: 0.0c
Akula Ganeswara rao Staff 0.04
L4.31
less onelAdyaele!

Chilika lmpex Limited

Vansh agarwal
U

less Irade-Advancesrosundiers

Aditya Trading Company-Raipur 5.51

Amit Kumar Varama 0.sc
As Associates 43.75
Dhara Gurjar 0.4c
Gs Traders-Raipur 1.33
J.Bala Gandhi Raiu 5.0c
Kanhaiyalal Thakur 1.0c
N.Appa Rao 3.2C
Nirmala Agarwal 15.82
PURSHOTAMDAS KHAN DELWAL HU F 7.73
Purshottam Das Khandelwal L.22
SHREE RAVI TRADERS - KAKINADA ' 0.47
Shri Dadi Ji lndustries- 2.0c
Shyam Sundar Agrawal 18.44
SITA RAM KHANDELWAL HUF 4.54
SVRFOODS-Dwarapudi 4.O4
Vijay and Company-Raipur 7.20
VIJESH KHANDELWAL 0.6s
Gullapudi Satyanandam and Sons-Kakinada 4.52
Kollati Raju-Painter 0.3s
Oleti Matha Rao-Kakinada 0.2c
SDK TOTAL LOGISTICS SOLUTION - MUMBAI 1.10
Tcp Automation-Bengaluru 15.00
LOTUS MARINE SERVICES PVT.LTD 0.10
Reliance Retail Limited 2.24
S.Srinivasa Reddy-Advocate 4.28
Vardhaman Granites-Hyderabad 0.9s
Vinod Kumar Agarwal Huf 0.20
KHANDEL WAL RICE DAL FLOUR AND OIL MILLS - GONDIA 25.12
SHREE HANUMATTRADERS - Odisha 0.0s
SREE MURALIMOHANA BOILED & RAW RICE MILL PW LTD 0.82
L65.76

W
less fraae aavances rec

lndo Sino Trade Pte Ltd L,779.67

L,L79.67

7,890.55
Presentation of other current liabilities
Other liabilities

lnterest on bank loan 34,84

Outstanding expenses 0.00
lnspection and certification charges 9.00
Professional Fees 9.90
Consultancy Fee 4.67
Purchase on lnt Deduction 46.99
Leeal & Professional Expenses 5.00
110.40
add Trade advances received from customers

Mohammad lrfan 0.53

RAM ESHWAR TRADING CO-Guja rat 0.01
Aadrik lnternational DMCC 210.93
ndo Sino Trade Pte Ltd 7179.67
Aarel lmport Export Pvt Ltd(Sale & Pur) 110.61
SARALA FOODS IMPEX PVT LTD 89.67
1591.42
add Duties & Taxes (Assetl
CGST INPUT 727.04
IGST lnput 774.37
SGST INPUT 167.55
Duty Draw Back Receivable A/c 7.63
nterest Receivbles on Electricitv Deposit 7.r4
Prepaid lnsurance 9.25
RODTAP E-Scrips Receivable 18.31
RODTEP RECEIVABLE 60.43
Ics Receivable 0.07
IDS Receiva ble -F.Y .2023-24 47.5t
0.00
Advance tax 545.00
Custom duty Receivable from SSRS 13.18
Prepaid ECGC insurance 3.74
less Alherrurrenl-assets 1072.60

CSR Expsense 37.88697

CSR EXPENSE to be done 25.00
less extra carried over 12.89
616.33

533 001

ffi
 Presentation of Trade Receivable
add frade receivables
SRI CHAKRA OILS & EXTRACTION PW LTD - P RCPM 0.36
VIPPY INDUSTRIES LIMITED-MP 0.0c
Ambrosia lmpex Foodstuff Tradine L.L.C 73.67
Global Properties 273.35
Naissa lmpex FZE 4495.51
RFOUR COMMODITIES FZCO 534.81
SUCDEN MIDDLE EAST 1500.73
TERRA FIRMA COMMODITIES DMCC 20.93
Anopchand Tilokchand Jewellers and Sons Llp 8.00
ASHUTOSH FOOD - Goregaon 2.20
ASSOCIATED MARKETING-THIYAGARAYA-CHENNAI 2L.L2
C.L.R,K INDUSTRIES PVT. LTD 0.22
C.V.V.SRINIVASA RAO(TADEPALLIGUDEM) 9.84
ITC Limited 0.76
KBK BIOTECH PRIVATE LIMITED -PEDDAPURAM 6s.66
K.N.Resources Private Limited 0.37
Krishna Asencies(Hansrai) 3.00
MAA JAGADAMBA RICE MI LL-BALAKRUSHANPU R 6.11
NEW VENKATA SURYA PRAKASA RAO -KKd 0.00
N.K GRAINS-BHIMAVARAM 72.70
Omm Asro Exim Private Limited 0.00
PRABHUJI RICE AGENCIES - KKD 3.23
Ratnapriya lmpex Private Limited-Delhi 0.00
SAMEERA AGRO INDUSTRIES - NARENDRAPURAM 5.77
SHREE USHA TRADERS.MANDAPETA L.79
SHRIRAM FOOD INDUSTRY PRIVATE LIMITED-NaepuT 0.39
SRI AISHWARYA FOOD INDUSTREIS PVT LTD -VADISALERU 4.t6
SRI SAINATH SHIPPING SERVICES-CHENNAI 6.09
SRI SAPTAGIRI TRADERS - KARAKUDURU 5.04
SRI SARVALAKSHMI RICE PRODUCTS -YANAM 0.01
SRI VENKATESWARA MINI TRADERS. MANDAPETA L.t7
Star Asribazaar Technolosy Limited-Andheri 728.13
TATA I NTERNATIONAL LTD-VSP 0.13
UMA EXPORTS LTD.KoIKata 0.s0
VIJAYA SREE RICE INDUSTRIES PVT.LTD. t9.27
MAHENDRA MITHAI WALA PVT LTD 0.44
7805.38
less fraae aavances rec

ndo Sino Trade Pte Ltd L,179.67

L,179.67
6,625.71

W
 CA. P. MOHAN BABU
B.Com., FCA
Monoging Portner
PM BABU & ASSOCIATES
CHARTERED ACCOUNTANTS

lndependent Auditor's RePort

To the Members of Sarala Foods Private Limited

Report on the Standalone Financial Statements

Opinion

we have audited the accompanying standalone financial statements of SARALA FOODS PRIVATE

LIMITED ("the Compdtry"), which comprise the Balance Sheet as at March 37, 2024 and the
Statement of Profit and Loss and Cash Flow Statemeni for theyear then ended, and a summary of
significant accounting policies and other exglanatory information (hereinafter referred,to as "the

standalone financial statements").

ln our opinion and to the best of our information and according to the explanations given to us,

the aforesaid standalone financial statements give the information required by the Companies
Act, 2013 ("the Act") in the manner so required and give a true and fair view in conformity with

the accounting principles generally accepted in lndia, of the state of affairs of the company as at
March 31,2024, and profit/(loss) and its cash flows for the year ended on that date.

Basis for Opinion

We have conducted our audit of standalone financial statements in accordance with the
Standards of auditing specified u/s 1a3(10) of the Act (SAs). Our responsibilities under those

standards are further described in the Auditor's Responsibilities for the audit of the Financial

Statements section of our report. We are independent of the Company in accordance with the

code of ethics issued by the lnstitute of Chartered Accountants of lndia together with the ethical

requirements that are relevant to our audit of the financial statements under the provisions of

the Act and the rules thereunder, and we have fulfilled our other ethical responsibilities in

accordance with these requirements and the code of ethics.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a

basis for our opinion.

Off : H.No.2-34-8A, 1't Floor, Perrajupeta, Near Mamatha Scan Center, KAKINADA-S33 001. E.G.DI. (A.P.)
Cell:8985104526 E-mail:[email protected]
thereunder, and we have fulfilled our other ethical responsibilities in accordance with these
requirements and the code of ethics.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a

basis for our opinion.

Key Audit Matters

Key audit matters are those matters that, in our professionaljudgment, were of most significance

in our audit of the financialstatements of the current period. These matters were addressed in the

context of our audit of the financial statements as a whole, and in forming our opinion thereon,
and we do not provide a separate opinion on these matters.

Reporting of key audit matters as per SA 701, Key Audit Matters are not applicable to the Company

as it is an unlisted company.

lnformation other than the financiat statements ana auaitofs report thereon

The Company's board of directors is responsible for the preparation of the other information. The

other information comprises the information included in the Board's Report including Annexures
to Board's Report, Business Responsibility Report but does not include the financial statements and
our auditor's report thereon.
Our opinion on the financial statements does not cover the other information and we do not
express any form of assurance conclusion thereon.

ln connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with

the standalone financial statements or our knowledge obtained during the course of our audit or
otherwise appears to be materially misstated.
lf, based on the work we have performed, we conclude that there is a material misstatement of
this other information, we are required to report that fact. We have nothing to report in this regard.

Management's responsibility for the Standalone Financial Statements

Management is responsible for the preparation of these standalone financial statements that give

a true and fair view of the financial position, financial performance and cash flows of the Company
in accordance with the Accounting Standards Rules, 2021 referred to in section 133 of the

W
Companies Act, 2013 ("the Act") read with Rule 7 of the Companies (Accounts) Rules, 2014. This

responsibility includesthe design, implementation and maintenanceof internal control relevant to

the preparation and presentation of the financial statements that give a true and fair view and are
free from material misstatement, whether due to fraud or error.

ln preparing the financial statements, management is responsible for assessing the Company's
ability to continue as a going concern, disclosing, as applicable, matters related to going concern
and using the going concern basis of accounting unless management either intends to liquidate the

Company or to cease operations, or has no realistic alternative but to do so.

The board of directors are also responsible for overseeing the Company's financial reporting
process.

Auditor's responsibility

Our objectives are to obtain reasonable assurance abbut whether the financial statements as a

whole are free from material misstatement, whether due to fraud or error, and to issue an audito/s
report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a

guarantee that an audit conducted in accordance with SAs will always detect a material
misstatement when it exists. Misstatements can arise from fraud or error and are considered
material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financialstatements.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain
professional skepticism throughout the audit. We also:

ldentify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override
of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances. Under section 143(3Xi) of the Companies

Act, 201.3, we are also responsible for expressing our opinion on whether the company has
adequate internal financial controls system in place and the operating effectiveness of such
controls.

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting

estimates and related disclosures made by management.

Conclude on the appropriateness of management's use of the going concern basis of accounting

and, based on the audit evidence obtained, whether a material uncertainty exists related to events

or conditions that may cast significant doubt on the Company's ability to continue as a going
concern. lf we conclude that a material uncertainty exists, we are required to draw attention in our

auditor's report to the related disclosures in the financial statements or, if such disclosures are
inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up
to the date of our auditor's report. However, future events or conditions may cause the Company
to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the financial statements, including the

disclosures, and whether the financial statements represent the underlying transactions and events

in a mannerthat achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any significant

deficiencies in internal control that we identify during our audit.

Materiality is the magnitude of misstatements in the standalone financial statements that,

individually or in aggregate, makes it probable that the economic decisions of a reasonably

knowledgeable user of the financial statements may be influenced. We consider quantitative

materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the
results of our work; and (ii) to evaluate the effect of any identified misstatements in the financial

statements.

We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any significant

deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with
relevant ethical requirements regarding independence, and to communicate with them all
relationships and other matters that may reasonably be thought to bear on our independence, and
where applicable, related safeguards. From the matters communicated with those charged with
governance, we determine those matters that were of most significance in the audit of the financial

statements of the current period and are thereforethe key audit matters. We describe these
matters in our auditor's report unless law or regulation precludes public disclosure about the
matter or when, in extremely rare circumstances, we determine that a matter should not be

communicated in our report because the adverse consequences of doing so would reasonably be
expected to outweigh the public interest benefits of such communication.

Report on other legal and regulatory requirements

As required by the Companies (Audito/s Report) Order, 2020 ("theOrder") issued by the Central

Government of lndia in terms ofsub-section (11) of sectlonl43 of the Companies Act, 2013, we give
in the Annexure (Annexure-A) a statement on the matters specified in paragraphs 3 and 4 of the

Order.

As required by section 143(3) of the Act, we report that:

a) We have obtained all the information and explanations which to the best of our
knowledge and belief were necessary for the purpose of our audit;

b) ln our opinion, proper books of account as required by law have been kept by the
Company so far as appears from our examination of those books;

c) The Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with

by this Report are in agreement with the books ofaccount.

d) ln our opinion, the standalone financial statements comprising Balance Sheet,

Statement of Profit and Loss, and Cash Flow Statement comply with the Accounting
Standards Rules,202lreferred to in section L33 of the Companies Act, 2013 read with

Rule 7 of the Companies (Accounts)rules,20L4;

e) On the basis of written representations received from the directors as on March 31,

2024, and taken on record by the Board of Directors, none of the directors is disqualified

as on March 37,2024, from being appointed as a director in terms of section 16412) ot

theCompanies Act, 2013.

 With respect to adequacy of internal financial controls over financial reporting of the
company and the operating effectiveness of such controls, refer to our separate report

in'Annexure B'.

c) ln our opinion and to the best of our information and according to the explanations
given to us, we report as under with respect to other matters to be included in the
Auditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors)
Rules, 2014:

The company does not have any pending litigations which would impact its
financial position;

The Company did not have any long-term contracts including derivatives
contracts for which there were any material foreseeable losses;

iii. There were no amounts which were required to be transferred to the lnvestor

Education and Protection Fund by the Company.

iv. Based on our examination, which included test checks, the Company has used

accounting software for maintaining its books of account for the financialyear

ended March 3t,2024 which has a feature of recording audittrail (edit log)
facility and the same has operated throughout the year for all relevant
transactions recorded in the software. Further, during the course of our audit
we did not come across any instance of the audit trail feature being tampered
with.

Place: Kakinada

Date:21st Augusg 2024 For M/s PM Babu & Associates

Firm Registration: 0159975

Chartered Accountan

ffi)s
Partner
Membership No:224895
Annexure -A referred to in Our Report of even date to the members of Sarala Foods

Private Limited on the standalone financial statements of the company for the year
ended 31st March, 2024.
On the basis of such checks as we considered appropriate and according to the information and

explanation given to us dui'ing the course of our audit, we report that:

l, ln respect of the Company's Tangible assets & lntangible assets:

a) The company is maintaining proper records showing full particulars, including

quantitative details and situation of Property, plant & equipment and intangible
assets held by the company during the year.

b) The Company has a program of verification to cover allthe items of Property, plant
& equipment in a phased manner over a period of three years which, in our opinion,
is reasonable having regard to the size of the Company and the nature of its assets.
Pursuant to the program, the Company,has carried out physical verification during
the current year and no material discrepancies have been found during such
verification.

c) ln our opinion and according to the information and explanations given to us, all the
immovable properties disclosed in FinancialStatements are held in the name of the
Company.

d) There is no revaluation done by the company of its property, plant and equipment
(including the right of use assets) or intangible assets or both during the year.

e) There are no proceedings that have been initiated or are pending against the
company for holding any benami property under the Benami Transactions
(Prohibition) Act, 1988 (a5 of 1988) and rules made thereunder.

il. a) The management has conducted the physical verification of inventory at reasonable
intervals during the year which, in our opinion, is reasonable having regard to the size of the
Company and no discrepancies of tO% or more in the aggregate for each class of inventory
were noticed on such physical verification.

b) The Company has been sanctioned working capital limits in excess of five crore rupees, in
aggregate, from banks or financial institutions on the basis of security of current assets. The
quarterly returns or statements filed by the company with such banks or financial institutions
are in agreement with the books of account of the Company.

ilt. According to information and explanations given to us, during the year the Company has
provided guarantee to the Companies, firms, Limited Liability partnerships or any other parties
which are as follows: