18. The Small Scale & Micro Enterprise in respect of which the dues for more than 45 days as on 31.03.2025 is Rs.2.56 Lakh.
19. The outstanding balances as at 31.03.2025 in respect of certain Sundry Debtors, Sundry Creditors, Loans & Advances and deposits are subjected to confirmation from respective parties and consequential reconciliation and or adjustments arising there from, if any. The Management, however, does not expect any material variation.
20. According to the opinion of the Management the value of realization of current assets, loans & advances and other
receivables in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet.
24. Additional Regulatory Information :a. Title deeds of Immovable Property not held in name of the Company
According to the information and explanations given to us and on the basis of our examination of the records of the Company, There is no such assets of which Title deeds of Immovable Property not held in name of the Company.
b. Capital Work-in-Progress Aging Schedule
According to the information and explanations given to us and on the basis of our examination of the records of the Company, there is no capital capital work in progress.
c. Intangible assets under development aging Schedule
According to the information and explanations given to us and on the basis of our examination of the records of the Company, there is Computer Software which is under development and reflected under schedule of Fixed Assets.
d. Loans and Advances given to Related Parties
According to the information and explanations given to us and on the basis of our examination of the records of the Company, there is loans and advances given to Cargotrans Lines PTE LTD and Nasrullah Samiullah Ansari during the year.
e. Security of Current Assets against Borrowings
According to the information and explanations given to us and on the basis of our examination of the records of the Company, All quarterly returns or statements of current assets if applicable are filed by the company with banks or financial institutions and are in agreement with the books of accounts.
f. Details of Benami Property held
According to the information and explanations given to us and on the basis of our examination of the records of the Company, The Company do not have any Benami property and neither any proceedings have been initiated or is pending against the Company for holding any Benami property.
g. Wilful Defaulter
According to the information and explanations given to us and on the basis of our examination of the records of the Company, The Company has not been declared a wilful defaulter by any bank or financial institution or any other lender during the current period.
h. Relationship with Struck off Companies
According to the information and explanations given to us and on the basis of our examination of the records of the Company, The Company do not have any transactions with companies struck off.
i. Registration of Charge
According to the information and explanations given to us and on the basis of our examination of the records of the Company, The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period (If any).
j. Compliance with number of layers of companies
According to the information and explanations given to us and on the basis of our examination of the records of the Company, there 3 subsidiary companies of CARGOTRANS MARITIME LIMITED which are CARGOTRANS MARITIME FORWARDING PRIVATE LIMITED, CARGOTRANS MARITIME AGENCIES PRIVATE LIMITED and CARGOTRANS LINES PTE. LTD in Singapore.
k. Disclosure where company has given loan or invested to other person or entity to lend or invest in another person or entity
According to the information and explanations given to us and on the basis of our examination of the records of the Company, The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:
a. Directly or indirectly lend or invest in other person or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or
b. Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
l. Disclosure where company has received fund from other person or entity to lend or invest in other person or entity
The management has represented, that, to the best of its knowledge and belief, other than as disclosed in the notes to the accounts, funds have been received by the company in the course of preferential issue of Equity shares of Rs.492 lakhs as allotted by Board of directors on 08-01-2025 with the object of further lending the amount to Cargo-trans lines PTE LTD (Foreign Subsidiary Co) for its business purposes;
m. Undisclosed Income
According to the information and explanations given to us and on the basis of our examination of the records of the Company, there is no such income which is undisclosed in financial statements.
n. CSR Expenditure
According to the information and explanations given to us and on the basis of our examination of the records of the Company and as per the provisions of the companies act 2013 , CSR is Not applicable to the company.
o. Details of Crypto Currency
According to the information and explanations given to us and on the basis of our examination of the records of the Company, company have not done any transactions the crypto currency in previous year.
p. End use of the Fund
According to the information and explanations given to us and on the basis of our examination of the records of the Company, The loan has been utilised for the purpose for which it was obtained and no short term funds have been used for long term purpose (If any).
q. Disclosure on Revaluation of Assets:
According to the information and explanations given to us and on the basis of our examination of the records of the Company, there is no revaluation of assets have been done by company during the year.
r. Rounding off:
Rounding off has been done in Lakhs.
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