To

The Members,

SAMPAT ALUMINIUM PRIVATE LIMITED

Your directors are pleased to present their Annual Report and the Company's audited
financial statement for the financial year ended March 31, 2023.

FINANCIAL RESULTS:

The Company's financial performance, for the year ended March 31, 2023 is summarized
below:


  

    
Particulars
    
YEAR ENDED ON 2022-23
    
YEAR ENDED ON 2021-22
  
  

    
Revenue from Operations
    
1,29,22,11,000
    
1,07,94,18,865
  
  

    
Other Income
    
1,76,34,105
    
82,59,293
  
  

    
TOTAL INCOME
    
1,30,98,45,105
    
1,08,76,78,158
  
  

    
TOTAL EXPENDITURE
    
1,29,17,41,473
    
1,07,66,26,471
  
  

    
PROFIT BEFORE TAX
    
1,81,03,631
    
1,10,51,687
  
  

    
Less: Current Tax
    
(43,68,196)
    
(28,55,881)
  
  

    
MAT Credit
    

    
-
  
  

    
Deferred Tax
    
(2,86,000)
    
23,000
  
  

    
PROFIT FOR THE YEAR
    
1,34,49,435
    
82,18,806
  


COMPANY'S PERFORMANCE:

The Company has reported income from operation of Rs. 1,29,22,11,000 during the current
year and of Rs. 1,07,94,18,865/- in the previous year. The Company has net profit of Rs.
1,34,49,435 in the current year in comparison to Rs. 82,18,806/- in the previous year.

DIVIDEND:

Your directors do not recommend any dividend for this financial year ended 31.03.2023.

TRANSFER TO RESERVE:

During the year under review, the Board does not propose to carry any amount to
reserves out of profit.

CHANGE IN NATURE OF BUSINESS:

MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY:

In terms of Section 134(3)(i) of the Companies Act, 2013, it is reported that, except
as disclosed elsewhere in this report & except as stated in Auditor's Report, no
material changes and commitments which could affect the Company's financial position have
occurred between the end of the financial year of the Company and date of this report.

SIGNIFICANT AND MATERIAL ORDERS:

There are no material orders passed by Regulators, Courts or Tribunals impacting the
going concern status and company's operations in future.

INTERNAL FINANCIAL CONTROLS:

The Company has in place adequate internal financial controls with reference to
financial statements. During the year, such controls were tested and no reportable
material weakness in the design or operation was observed.

FORMAL EVALUATION BY BOARD OF ITS OWN PERFORMANCE:

The Statement in respect of Formal Evaluation by the Board of its own performance and
that of its committees and individual directors is not applicable to the Company.

DETAILS OF SUBSIDARY, JOINT VENTURE OR ASSOCIATE COMPANIES:

The company does not have any Associate firm, Joint Venture or subsidiary.

DEPOSITS:

The Company has not accepted any deposits from the public within the meaning of section
73 of the companies Act, 2013 and Rules made their under.

AUDITOR & AUDITOR'S REPORT:

M/s. S.N SHAH & ASSOCIATES., Chartered Accountants, Statutory Auditor of the
Company, appointed for the term of 5 years from F.Y. 2019-20 and holds office till the
conclusion of 5th Annual General Meeting for the Financial Year ending on 31st
March, 2024.

The Notes on the financial statement referred to in the Auditor's Report are
self-explanatory and do not call for any further comments. The Auditor's Report does not
contain any qualification, reservation or adverse remark.

EXTRACT OF ANNUAL RETURN

Pursuant to the Section 92, 134 and Rule 12 of Companies (Management and
Administration) Amendment Rules, 2020, The Company is not required to prepare Form MGT-9.
Hence, there is no requirement to attach the Extract of the Annual Return in the Board's
Report.

The Company shall place a copy of the annual return in Form MGT-7/Form MGT-7A (as per
the applicability) on its website, if any.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION:

Company had adopted necessary technology and had taken initiatives to conserve the
energy wherever possible and same being not in reportable size, hence the details as
required to be reported under

Rules 8(3) Companies (Accounts) Rules, 2015, is not given.

FOREIGN EXCHANGE EARNINGS AND OUTGO:

The Company has no foreign exchange earnings and outgoing during the year under review.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

During the year, there are no change in directors of the Company.

DIRECTORS' RESPONSIBILITY STATEMENT:

Your directors state that:

a) In the preparation of the annual accounts for the year ended March 31, 2023, the
applicable accounting standards read with requirements set out under schedule III to the
Act, have been followed and there are no material departures from the same;

b) The Directors have selected such accounting policies and applied them consistently
and made judgments and estimates that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the Company as at March 31, 2023 and of the profit of
the Company for the year ended on that date;

c) The Directors have taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Act for safeguarding the
assets of the company and for preventing and detecting fraud and other irregularities;

d) The Directors have prepared the annual accounts on a 'going concern' basis;

e) The Directors have laid down internal financial controls to be followed by the
Company and that such internal financial controls are adequate and are operating
effectively; and

f) The Directors have devised proper systems to ensure compliance with the provisions
of all applicable laws and that such systems are adequate and operating effectively.

MEETINGS OF THE BOARD:

Four meetings of the Board of Directors were held during the year.


  

    
SR. NO.
    
DATE OF BOARD MEETING
  
  

    
1
    
27/06/2022
  
  

    
2
    
26/08/2022
  
  

    
3
    
17/12/2022
  
  

    
4
    
17/03/2023
  


ISSUE OF EQUITY SHARES WITH DIFFERENTIAL VOTING RIGHTS/SWEAT EQUITY SHARES/EMPLOYEE
STOCK OPTION SCHEME:

During the year the Company has not issued any equity shares with differential voting
rights or sweat equity shares or employee stock option scheme. Hence disclosure regarding
the same is not given.

PARTICULARS OF LOANS GIVEN, INVESTMENTS MADE, GUARANTEES GIVEN AND SECURITIES PROVIDED:

Particulars of loans given, investments made, guarantees given and securities provided
along with the purpose for which the loan given covered under the provisions of section
186 of the Companies Act,

2013 are provided in the notes to financial statements.

CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES:

All contracts/arrangements/transactions entered by the Company during the financial
year with related parties were in the ordinary course of business and on an arm's length
basis.

During the year, Company has not entered into any contract or arrangement or agreements
with related parties referred to in Sub-Section (1) of Section 188 of the Companies Act,
2013.

VIGIL MECHANISM:

The Company has not developed and implemented any vigil mechanism as the said
provisions are not applicable.

CORPORATE SOCIAL RESPONSIBILITY

The provisions of Section 135 of the Companies Act, 2013 relating to Corporate Social
Responsibility does not applicable to the Company.

RISK MANAGEMENT POLICY

The provisions related to risk management policy does not applicable to the Company.

PARTICULARS OF EMPLOYEES

There are no employees of the Company drawing remuneration required disclosure of
information under Section 134 of the Companies Act, 2013 read with Rule 5(2) of the
Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014.

DISCLOSURE UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND
REDRESSAL) ACT, 2013

The Company has complied with provisions relating to the constitution of Internal
Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013.

MAINTENANCE OF COST RECORDS

In accordance with section 148 of companies act, 2013 read with the companies (cost
records and audit) amendments rules, 2014, the maintenance of cost records is not
applicable to company for F.Y.2022-23.

DETAIL OF FRAUD AS PER AUDITORS REPORT

As per auditor's report, no fraud u/s 143(12) reported by the auditor.

BOARD'S COMMENTS ON AUDITORS REPORT:

Observation made by the Statutory Auditors in their Report are self-explanatory and
therefore, do not call for any further comments under section 134(3)(f) of the Companies
Act, 2013.

BOARD'S COMMENTS ON AUDITORS REPORT:

Observation made by the Statutory Auditors in their Report are self-explanatory and
therefore, do not call for any further comments under section 134(3)(f) of the Companies
Act, 2013.

STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTORS: 

There is no mandatory requirement to appoint Independent Director of the Company.
Therefore, a provision of Section 149(6) does not applicable to the Company.

COMPLIANCE WITH SECRETARIAL STANDARDS: 

Your Director's confirm that, Company complies with applicable mandatory Secretarial
Standards issued by The Institute of Company Secretaries of India.

SECRETARIAL AUDIT REPORT: 

As per the provision of section 204 of the Companies Act,2013 and rule made there under
the company is not required to appoint Secretarial Auditor to audit the Secretarial
Compliances of Companies Act and all other act as applicable to the company.

NOMINATION AND REMUNERATION OF COMMITTEE: 

As per the provision of section 178(1) of the Companies Act, 2013 and rules made there
under, the company is not required to constitute nomination and remuneration of committee.

CONSOLIDATED FINANCIAL STATEMENTS 

Company doesn't have any subsidiaries so there is no need to prepare consolidated
financial statement for the F.Y. 2022-23.

ACKNOWLEDGMENT: 

Your directors would like to express their sincere appreciation for the assistance and
co-operation received from the customers, vendors, banks, members and government
authorities during the year under review. Your directors also wish to place on record
their deep sense of appreciation for the committed services by the company's staff and
workers.

BY ORDER OF THE BOARD OF DIRECTORS, M/S SAMPAT ALUMINIUM PRIVATE LIMITED 


  

    
SANJAY VIMALCHAND DEORA
    
SANKET SANJAY DEORA
  
  

    
(Director)
    
(Director)
  
  

    
DIN:01010427
    
DIN:01417446
  
  

    
DATE:02/09/2023
    

  
  

    
PLACE: AHMEDABAD