Net Business Income

Name Of The Assessee : Strub Trade Private Limited
Address : Registered Office: Gat

No.139, Kuruli Tal., Khed
Pune, PUNE - 410501
PAN / WARD : AAXCS4710P

Date Of Incoporation : 03-Aug-2016
Status : Domestic Private Limited Company
Due Date Of Return : 30th November 2021
Statement Of Total Income & Tax Thereon For The Year Ended 31st March, 2021
Rs. Rs.
1 Business Income
Net Profit Before Tax As Per Profit & Loss Account 67,881
Less : Considered Seperately
Rental Income 1,500,000
Balance Business Income Before Disallowances & Allowances -1,432,119
Add : Disallowances Under Section

1 Depreciation & Amortisation as per Companies Act, 32 100,590
2 MSME Interest 37(1) 744
3 Interest On TDS 40(a)(ii) 50
4 Penalty on TDS 21,192 122,576
Less : Allowances
1 Depreciation as per Income Tax Act, 1961 32 135,760 135,760
Business Income -1,445,303
Less: Brought Forward Losses / Depreciation Set off Amt. B/f Amt. Set off
Business Loss 2017-2018 153,070
Business Loss 2018-2019 181,422
Business Loss 2019-2020 160,670 152,677 -
Depreciation 2019-2020 23,069 23,069
Net Business Income 518,231 175,746 (1,621,049)
2 Income From Other Sources

Rental Income 1,500,000
Gross Total Income Rs. (121,049.00)
Less : Deductions Under Chapter VIA -
Net Total Income Rs. -121,049
Rounded Off To Rs. -121,050
1 Tax Payable @ On Rs.

a Normal Provisions On Total Income 25.00% -121,050 -30,263
b Section 115JB on Book Profit 15.00% -102,839 -15,426
Hence Tax Payable As Per Section 115JB on Book Profit -15,426
2 Education Cess @ 4% -617
3 Total Tax Payable -16,043
4 Less :
a Relief under section 90 -
b TDS as per 26AS Statement 112,500
c Mat Credit under section 115JAA 112,500
5 Balance Tax Payable Before Interest And Advance Tax Credit -
6 Less : Advance Tax Paid
No. Due On Paid On CIN Rs.
1st Installment 15-Jun-19 -
2nd Installment 15-Sep-19 -
3rd Installment 15-Dec-19 -
4th Installment 15-Mar-20 - -
7 Balance Tax Payable Before Interest -128,543
8 Add : Interest Payable
Under Section
234A Default In Filing Of Returns -
234B Defaults In Payment Of Advance Tax -
234C Deferrement In Payment Of Advance Tax - -
9 Balance Tax Payable / (Refundable) -128,543

Strub Trade Private Limited
Registered Office: Gat No.139, Kuruli Tal., Khed Pune, PUNE - 410501
Company Identification Number : U74999PN2016PTC165836.
Computation Of Book Profit / Minimum Alternate Tax
S.No. Particulars Ref. No. Rs. Rs.
1 Net Profit As Per Profit & Loss Account 62,238

2 As Increased By
a The amount of income-tax paid or payable, and the provision therefor; or -
b The amounts carried to any reserves, by whatever name called , other than a reserve -
specified under section 33AC; or
c The amount or amounts set aside to provisions made for meeting liabilities, other than -
ascertained liabilities; or
d The amount by way of provision for losses of subsidiary companies; or -
e The amount or amounts of dividends paid or proposed ; or -
f The amount or amounts of expenditure relatable to any income to which section 10 (other -
than the provisions contained in clause (38) thereof) or section 11 or section 12 apply; or
g The amount of depreciation 100,590
h The amount of deferred tax and the provision therefor, -
i The amount or amounts set aside as provision for diminution in the value of any asset, -
j The amount standing in revaluation reserve relating to revalued asset on the retirement or - 100,590
disposal of such asset,
3 As decreased by
i The amount withdrawn from any reserve or provision -
ii The amount of income to which any of the provisions of section 10 (other than the -
provisions contained in clause (38) thereof) or section 11 or section 12 apply, if any such
amount is credited to the profit and loss account; or
iia The amount of depreciation debited to the profit and loss account (excluding the 100,590
depreciation on account of revaluation of assets); or
iib The amount withdrawn from revaluation reserve and credited to the profit and loss account, -
to the extent it does not exceed the amount of depreciation on account of revaluation of
assets referred to in clause (iia); or
iii The amount of loss brought forward or unabsorbed depreciation, whichever is less as per 165,077
books of account.
iv the amount of profits of sick industrial company for the assessment year commencing on and
from the assessment year relevant to the previous year in which the said company has
become a sick industrial company under sub-section (1) of section 171 of the Sick Industrial
Companies (Special Provisions) Act, 1985 (1 of 1986) and ending with the assessment year
during which the entire net worth of such company becomes equal to or exceeds the
accumulated losses.
v The amount of deferred tax, if any such amount is credited to the profit and loss account 265,667
4 Book Profit Under Section 115JB -102,839
5 Liability
a Tax Payable -15,426
b Surcharge -
c Tax + Surcharge -15,426
d Health & Education Cess @ 4% -617
Total -16,043
Corporate Identification Number : U74999PN2016PTC165836
Balance Sheet as at 31st March, 2021 (Currency : Indian Rupees)
Particulars Note As at As at
No. 31st March, 2021 31st March, 2020
(1) (2) (3) (4)
I. EQUITY & LIABILITIES
(1) Shareholder's Funds
(a) Share Capital 3 2,498,340 2,498,340
(b) Reserves & Surplus 4 (454,788) (545,354)
(c) Money received against share warrants - -
2,043,552 1,952,986
(2) Share application money pending allotment - -
(3) Non-current Liabilities
(a) Long-term borrowings - -
(b) Deferred tax liabilities 5 25,343 19,700
(c) Other Long term liabilities - -
(d) Long-term provisions - -
25,343 19,700
(4) Current Liabilities
(a) Short-term borrowings - -
(b) Trade payables 6 178,054 1,012,822
(c) Other current liabilities 7 21,981 109,230
(d) Short-term provisions 8 - 28,328
200,035 1,150,380
TOTAL 2,268,930 3,123,066
II. ASSETS
Non-current assets
(1) (a) Property, Plant and Equipment
(i) Tangible assets 9 847,927 1,030,501
(ii) Intangible assets - -
(iii) Capital work-in-progress - -
(iv) Intangible assets under development - -
847,927 1,030,501
(b) Non-current investments - -
(c) Deferred tax assets (net) - -
(d) Long-term loans and advances - -
(e) Other non-current assets 10 30,025 30,025
877,952 1,060,526
(2) Current assets
(a) Current investments - -
(b) Inventories - -
(c) Trade receivables 11 165,750 162,000
(d) Cash and cash equivalents 12 511,422 825,064
(e) Short-term loans and advances 13 190,085 229,735
(f) Other current assets 14 523,722 845,741
1,390,978 2,062,540
TOTAL 2,268,930 3,123,066
Summary Of Significant Accounting Policies 2

See accompanying notes to the Financial Statements 3-26
As per our report on even date For & On Behalf Of The Board Of Directors
For Udyen Jain & Associates Strub Trade Private Limited
Chartered Accountants
Firm Registration Number : 116336W
Saili Gangakhedkar Dominik Tiedt Strub Sandeep Limbekar

Partner Director Director
Membership Number : 143474 DIN: 06781705 DIN: 06815373
Place: Pune Place: Switzerland Place: Pune
Date: 23-09-2021 Date: 23-09-2021 Date: 23-09-2021
Statement of Profit & Loss For The Year Ended 31st March, 2021 (Currency : Indian Rupees)
Particulars Note For The Year Ended For The Year Ended
(1) (2) (3) (4)
I Revenue From Operations - -
II Other Income 15 1,519,580 1,800,000
III. Total Revenue (I + II) 1,519,580 1,800,000
IV. Expenses
Employee benefits expense - -
Finance costs 16 35 111
Depreciation and amortisation expense 9 100,590 121,843
Other expenses 17 1,351,074 1,555,181
Total expenses 1,451,699 1,677,134
V. Profit Before Exceptional and extraordinary items and 67,881 122,866
tax (III - IV)
VI. Exceptional Items - -
VII. Profit before extraordinary items and tax (V - VI) 67,881 122,866
VIII. Extraordinary items -
IX. Profit before tax (VII- VIII) 67,881 122,866
X. Tax expense:
(1) Current tax - 28,328
(2) Deferred tax 5,643 3,618
(3) MAT Credit Entitlement -
(4) Excess Income Tax Reversal of Last Year (28,328) -
(22,685) 31,946
XI. Profit (Loss) for the period from continuing operations 90,566 90,920
(VII-VIII)
XII. Profit/(loss) from discontinuing operations - -
XIII. Tax expense of discontinuing operations - -
XIV. Profit/(loss) from Discontinuing operations (after tax) - -
(XII-XIII)
XV Profit (Loss) for the period (XI + XIV) 90,566 90,920
XVI. Earnings per equity share:
(1) Basic 0.36 0.36
(2) Diluted 0.36 0.36
No. Of Equity Shares 249,834 249,834
Nominal Value Per Share 10 10

See accompanying notes to the Financial Statements 3-26

Date: 23-09-2021 Date: 23-09-2021 Date: 23-09-2021
Cash Flow Statement For The Year Ended 31st March, 2021 (Currency : Indian Rupees)
Particulars Note As at As at
(1) (2) (3) (4)
CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax 67,881 122,866
Adjustments for:
Depreciation 9 100,590 121,843
Operating profit / (loss) before working capital changes 168,471 244,709
Changes In
Trade payables 6 (834,768) 545,711
Other current liabilities 7 (87,248) 40,782
Trade Receivables 11 (3,750) -
Short-term loans and advances 13 39,650 (150,285)
Other current assets 14 322,019 (126,190)
Other non current assets 10 - -
Net cash flow from / (used in) operating activities (564,097) 310,018
Taxes Paid - 28,328
CASH USED IN OPERATING ACTIVITIES (395,626) 554,727
CASH FLOW FROM INVESTING ACTIVITIES

Purchase of Fixed Assets 9 81,984
CASH USED IN INVESTING ACTIVTIES 81,984 -
CASH FLOW FROM FINANCING ACTIVITIES

Issue of shares 3 - -
CASH GENERATED IN FINANCING ACTIVTIES - -
Net Increase / (Decrease In Cash & Cash Equivalents) (313,642) 554,727

Cash & Cash Equivalents In The Beginning of The Year 825,064 270,337
Cash & Cash Equivalents In The end of The Year 511,422 825,064

Notes Forming Integral Part Of Financial Statements 3-26

Date: 23-09-2021 Date: 23-09-2021 Date: 23-09-2021
Notes Forming Integral Part Of Financial Statements (Currency : Indian Rupees)
1) Corporate Background
Strub Trade Private Limited was incorporated in India as a Private Limited Company on 03rd of August, 2016. The
Company is engaged in the business of buying, selling, reselling, importing, exporting, transporting, storing, dealing,
promoting, marketing or supplying all types of engineering and non-engineering goods, machined components,
commodities, etc.
2) Significant Accounting Policies

a) Basis of preparation of financial statements
The financial statements have been prepared and presented under the historical cost convention, on the accrual basis of
accounting, in accordance with generally accepted accounting principles (GAAP) in India and comply with the Accounting
Standards prescribed in the Companies (Accounting Standards) Rules, 2006 and with the relevant provisions of the Indian
Companies Act 2013, to the extent applicable. The financial statements are presented in Indian Rupees.
b) Applicability of Accounting Standards

The Company is a Small and Medium Sized Company (“SMC”) as defined in the General Instructions of the Companies
(Accounting Standards) Rules, 2006, notified by the Central Government under the Companies Act, 2013. Accordingly, the
Company has complied with the Accounting Standards as applicable to a Small and Medium Sized Company. Further, the
Company by virtue of being a SMC, requires to comply with the recognition and measurement principles prescribed by all
accounting standards, but is given a relaxation in respect of certain disclosure related standards and certain disclosure
requirements prescribed by other accounting standards.
c) Use of estimates
The preparation of financial statements in conformity with generally accepted accounting principles (GAAP) requires
management to make estimates and assumptions that affect the reported amounts of revenues and expenses during the year
and balances of assets, liabilities and the disclosure of contingent liabilities on the date of the financial statements. Actual
results could differ from those estimates. Any revision to accounting estimates is recognized prospectively in current and
future periods.
d) Property, Plant and Equipment

Fixed assets are stated at cost of acquisition less depreciation. Cost comprises the purchase price and other attributable costs
of bringing the assets to their working condition for their intended use.
Subsequent expenditures related to an item of Property, Plant and Equipment are added to its book value only if they
increase the future benefits from the existing asset beyond its previously assessed standard of performance.
Items of Property Plant and Equipment that have been retired from active use and are held for disposal are stated at the
lower of their net book value and net realisable value and are shown separately in the financial statements. Any expected
loss is recognised immediately in the Statement of Profit and Loss.
e) Depreciation
Depreciation is provided based on the useful life of the asset, under the straight line method, as prescribed under Part - C of
Schedule II of the Companies Act, 2013. The useful life of the assets as per Schedule II of Companies Act, 2013 are as
follows:
Category Basis
Office Equipment As per schedule II of
Furniture & Fittings the Indian Companies
Plant & Machinery act, 2013 - Straight
Line Basis
Computer Hardware
f) Impairment
The carrying amounts of the Company’s assets are reviewed at each balance sheet date to determine whether there is any
indication of impairment. If any such indication exists, the assets’ recoverable amount is estimated as the higher of the net
selling price and the value in use. An impairment loss is recognized whenever the carrying amount of an asset or its cash
generating unit exceeds its recoverable amount. If, at the balance sheet date, there is an indication that a previously assessed
impairment loss no longer exists, the recoverable amount is re-assessed and the asset is reflected at the recoverable amount
subject to a maximum of depreciable historical cost.
g) Revenue recognition
Revenue is recongnised to the extent it is probable that the economic benefit will flow to the Company and the revenue can
be reliable measured.
Revenue from services
Revenue from Services is recognised when the services are rendered.
h) Leases
Leases in which a significant portion of risk and rewards of ownership are retained by the lessor are classified as operating
leases. Payments made under operating leases are charged to the statement of Profit and Loss as per agreed terms between
lessor and lessee.
i) Foreign currency transactions

- Transactions denominated in the foreign currencies are recorded at the exchange rates prevailing on the date of Balance
Sheet.
- Exchange differences arising on foreign exchange transactions settled during the year are recognised in the statement of
profit and loss for the year.
- Monetary assets and liabilities in foreign exchange transactions settled during the year end, are translated at the year end at
the closing exchange rate and the resultant exchange differences are recognised in statement of profit and loss.
However, there is no any Foreign currency Transaction during the year.
j) Employee Benefits
All employee benefits which fall due wholly within twelve months after the end of the period in which employee renders
the related service are classified as short-term employee benefits. Undiscounted value of short term benefits such as salaries
and bonus are recognized in the period in which the employee renders the related service. However, Currently there is no
employee working in the organisation.
k) Taxation
Tax expense comprises current and deferred tax. Current income-tax is measured at the amount expected to be paid to the
tax authorities in accordance with the Income-tax Act, 1961 enacted in India and tax laws prevailing in the respective tax
jurisdictions where the company operates. The tax rates and tax laws used to compute the amount are those that are enacted
or substantively enacted, as on 31st March, 2021.
i) Current Tax
Current tax is provided as per the prevailing provisions of the Income Tax Act, 1961.
ii) Deferred Tax
As per Accounting standard 22 “Accounting for Taxes on Income “issued by the Institute of Chartered Accountants of
India, Deferred tax expense or benefit is recognized on timing differences being the difference between the taxable income
and accounting income that originate in one period and are capable of reversal in one or more subsequent periods. Deferred
tax assets and liabilities are measured using the tax rates and tax laws that have been enacted or subsequently enacted by the
balance sheet date. Deferred tax assets are recognized only to the extent there is reasonable certainty that the assets can be
realized in future; however, where there is unabsorbed depreciation or carried forward loss under taxation laws, deferred tax
assets are recognized only if there is a virtual certainty supported by convincing evidence that sufficient future taxable
income will be available against which such deferred tax assets can be realized. Deferred tax asset has been recognised
during the current year by crediting statement of profit and loss.
l) Transfer Pricing
Management believes that the Company's international transactions with related parties are at arm's length and that the
transfer pricing legislation will not have any impact on these financial statements, particularly on the amount of tax expense
and that of the provision for taxation. However subject to above the company is in the process of maintaining the requisite
documentation as required under Rule 10D of the Income-tax Act, 1961, to demonstrate the arm’s length justification.
m) Provisions and contingencies

A provision is recognised when there is a present obligation as a result of a past event and it is probable that an outflow of
resources will be required to settle the obligation, in respect of which a reliable estimate can be made. These are reviewed at
each balance sheet date and adjusted to reflect the current best estimates. A disclosure for a contingent liability is made
when there is a possible obligation or a present obligation that may, but probably will not require an outflow of resources.
When there is a possible obligation in respect of which the likelihood of outflow of resources is remote, no provision or
disclosure is made.
n) Earnings Per Share

Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary
items, if any) by the weighted average number of equity shares outstanding during the year.
Diluted earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary
items, if any) as adjusted for dividend, interest and other charges to expense or income (net of any attributable taxes)
relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for deriving
basic earnings per share and the weighted average number of equity shares which could have been issued on the conversion
of all dilutive potential equity shares.
o) Operating Cycle
Based on the nature of products / activities of the Company and the normal time between acquisition of assets and their
realization in cash or cash equivalents, the Company has determined its operating cycle as 12 months for the purpose of
classification of its assets and liabilities as current and non-current.
p) Cash & Cash Equivalent

Cash and cash equivalents includes cash in hand, bank balance in current accounts and desposits with banks.
q) Contingent Assets
Contingent assets are neither recognized nor disclosed in the financial statements. However, contingent assets are assessed
continually and if it is virtually certain that an inflow of economic benefits will arise, the asset and related income are
recognized in the period in which the change occurs.
r) Current / Non current Classification

An asset shall be classified as current when it satisfies any of the following criteria:—
(a) it is expected to be realised in, or is intended for sale or consumption in, the company’s normal operating cycle;
(b) it is held primarily for the purpose of being traded;
(c) it is expected to be realised within twelve months after the reporting date; or
(d) it is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least twelve
months after the reporting date.
All other assets shall be classified as non-current.
A liability shall be classified as current when it satisfies any of the following criteria:—
(a) it is expected to be settled in the company’s normal operating cycle;
(b) it is held primarily for the purpose of being traded;
(c) it is due to be settled within twelve months after the reporting date; or
(d) the company does not have an unconditional right to defer settlement of the liability for at least twelve months after the
reporting date. Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity
instruments do not affect its classification.
All other liabilities shall be classified as non-current.
Notes Forming Integral Part Of Financial Statements (Continued) (Currency : Indian Rupees)
3) Share Capital
Sl. Particulars As at As at
1 Authorized Capital
250,000 Nos (Previous year 250,000 Nos) Of Equity Shares Of Rs.10 Each
2,500,000 2,500,000
2 Issued, Subscribed & Paid-up

249,834 Nos (Previous year : 249,834 Nos) Of Equity Shares Of Rs.10 Each 2,498,340 2,498,340
Fully Paidup
Total 2,498,340 2,498,340
3 Reconciliation of shares outstanding at the beginning and at the end of
the reporting period Nos Nos
At the beginning of the period 249,834 249,834
Issued During The Period - -
At the end of the period 249,834 249,834
4 Terms / Rights attached to equity shares
The Company has only one class of equity shares having a par value of Rs. 10 per share. Each shareholder is entitled to one vote
per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing
Annual General Meeting, except in case of interim dividend. In the event of liquidation of the Company,the equity shareholders are
eligible to receive remaining assets of the Company, after distribution of all preferential amounts, in the proportion to their
shareholding.
5 Shares in the company held by each shareholder holding more than 5 per cent. shares specifying the number of shares
held;
31st March, 2021 31st March, 2020
Dominik Tiedt Strub
Nos 244,834 244,834
% Tage 98.00% 98.00%
4) Reserves & Surplus

1 Surplus / deficit in Profit & Loss Statement
Brought forward from previous reporting period (545,354) (636,274)
Add : Profit During The Year 90,566 90,920
Net surplus / deficit (454,788) (545,354)
TOTAL (454,788) (545,354)
5) Deferred Tax Liability

Deferred Tax
Opening 19,700 16,082
During the year 5,643 3,618
TOTAL 25,343 19,700
6) Trade Payables
1 Trade Payables
Total Outstanding dues to micro enterprises and small enterprises* 84,860 121,081
Total Outstanding dues of creditors other than micro enterprises and small ente 93,194 891,741
(Refer Note 23)
TOTAL 178,054 1,012,822
* The outstanding dues to micro entreprises and small enterprises has been disclosued and based on the information available with
the company.
7) Other Current Liabilities

1 Statutory Dues:
Income Tax (Tax deducted at sources) 9,832 13,110
Goods & Service Tax 11,406 96,120
2 Other current Liability
MSME Interest Payable 744 -
TOTAL 21,981 109,230
8) Short Term Provisions

1 Provision for Income tax - 28,328
TOTAL - 28,328
10) Other non-current assets

1 Unsecured & Considered Good
Security Deposit 30,025 30,025
TOTAL 30,025 30,025
11) Trade receivables
1 Considered Good
Below Six Months 165,750 162,000
TOTAL 165,750 162,000
12) Cash and cash equivalents

1 Cash In Hand 310 310
2 Balance With Banks
In Current Accounts 511,112 824,754
TOTAL 511,422 825,064
13) Short-term loans and advances

1 Balance With Statutory Authorities
Balance with Indirect Tax Authorities 140,085 140,085
2 Loans & Advances
Advance for Expenses 50,000 50,000
Corporate Advance - 39,650
TOTAL 190,085 229,735
14) Other Current Assets

1 Rent Deposits 403,000 403,000
2 Advance tax & Tax deducted at sources 112,500 322,742
3 Advance to Supplier - 119,999
4 Mat credit Entitlement 8,222 -
TOTAL 523,722 845,741
Notes Forming Integral Part Of Financial Statements For The Year Ended 31st March, 2021 (Continued)
9) Property, Plant and Equipment (Currency : Indian Rupees)
Gross Block Depreciation Net Block
Sr. Disposal / Accumulated Depreciation Accumulated

Asset Description As On Additions As At As On As On
No. Deletion As At For The Year Adjustment for As At
01.04.2020 during the year 31.03.2021 31.03.2021 31.03.2020
during the year 01.04.2020 disposal 31.3.2021
1 Computers 34,504 - - 34,504 18,051 10,926 - 28,977 5,527 16,453
2 Furniture & Fixtures 733,088 - 81,984 651,104 91,130 61,855 (13,464) 166,450 484,654 615,029
3 Office Equipments 98,384 - - 98,384 30,779 18,693 - 49,472 48,912 67,605
4 Plant and Machinery 356,531 - - 356,531 25,117 22,580 - 47,697 308,834 331,414
1,222,507 - 81,984 1,140,523 165,077 114,054 (13,464) 292,596 847,927 1,030,501
Previous Year (FY 19-20) 1,222,507 - - 1,222,507 70,163 121,843 - 192,006 1,030,501 -
15) Other Income

Sl. No. Particulars For The Year Ended For The Year Ended
1 Rent Received 1,500,000 1,800,000
2 Interest received on I.T refund 19,580
TOTAL 1,519,580 1,800,000
16) Finance Costs

1 Bank Charges 35 111
TOTAL 35 111
17) Other Expenses

1 Rent 1,007,500 1,194,000
2 Professional Fees 124,500 197,008
3 Audit Fees 70,000 70,000
4 Legal/Professional Expenses - 53,810
5 Rates & Taxes 2,500 2,500
6 Repairs & Maintenance - 2,280
7 Office Expenses - 28,551
8 Other Expenses 26,574 7,031
9 Bad debts 120,000 -
TOTAL 1,351,074 1,555,181
0
18) Tax Expense

a) The company has made provision for current tax for the financial year 2020-21 of INR 0/- (Previous Year: INR 28,328/-)
as per provisions of the Income Tax Act,1961.
b) Deferred Tax
Particulars For the year ended For the year ended
Opening Deferred Tax Liability / (Asset) 19,700 16,082
Arising on Depreciation:
Depreciation as per Companies Act, 2013 114,054 121,843
Depreciation as per Income Tax Act, 1961 135,760 135,760
Timing Difference 21,706 13,917
Liability / (Asset) @ 26% 5,643 3,618
Closing Deferred Tax Liability / (Asset) 25,343 19,700
19) Earnings Per Share
Profit after Tax from continuing operations (INR) 90,566 90,920
Weighted Average No Of Equity Shares (Nos) 249,834 249,834
Nominal Value Per Share (INR) 10 10
Earnings Per Share - Basic 0.36 0.36
Earnings Per Share - Diluted 0.36 0.36
20) Payments To Auditors
Audit Fees 70,000 70,000
Other Services 64,500 62,000
Total 134,500 132,000
21) Related party disclosures
A Name Of The Related Parties & Nature Of Relationship
List of Related Parties
Dominik Tiedt Strub Director
Sandeep Limbekar Director
Strub India Private Limited An Associate Company
Strub + Co. AG, Switzerland An Associate Company
B Transactions during the year
Name of the Related Party Nature of Transactions For The Year For The Year
31st March , 2021 31st March, 2020
Strub India Private Limited Rent Received 1,500,000 1,800,000
C Balances at year end

Name of the Related Party Nature For The Year For The Year
Strub India Private Limited Receivable 165,750 162,000
22) The Company has received refund of INR 334,100/- (Against the returns filed for the Previous Years) during the Current
Financial Year. Refund amounting to INR 152,020 relates to A.Y. 2019-20 & INR 182,080/- relates A.Y. 2020-21
23) Transfer Pricing
Management believes that the Company's international transactions with related parties post 31 March, 2020 (last period up
to which an Accountants' report has been submitted as required under the Income tax Act, 1961) continue to be at arm's
length and that the transfer pricing legislation will not have any impact on these financial statements, particularly on the
amount of tax expense and that of provision for taxation. However there are no international transactions with related party
0
24) GSTR - 2A reconciliation not done by the company
The company is in process of reconciling GSTR-2A for FY 20-21 as regards to the GST ITC availed / utilised by the
company and GST ITC being transferred by the vendors / as appearing on portal i.e, GSTR-2A. Hence we are unable to
opine on contingencies as regards to the same.
25) Disclosure regarding MSME vendors

The company has obtained confirmation from its vendors as regards whether they are registered under Micro, Small and
Medium Enterprises Development Act, 2006. The further details for the same are as disclosed:
Particulars For The Year For The Year
a) The principal amount remaining unpaid to any supplier at the end of 84,860 121,081
accounting year;
b) The interest due thereon remaining unpaid to any supplier at the end of 744 -
accounting year;
The company has made the interest provision payable to the vendors covered under the MSME Act,2006 on the outstanding
balance as at year end, pending since 45 days to such vendors. As per the agreed terms among the parties and due to the
commercial terms of services, interest is not due to the above parties. Dues to Micro and Small Enterprises have been
determined to the extent such parties have been identified on the basis of information collected by the Management.
26) Others
a) In the opinion of the Board, based on the representations made by the management, the current assets and loans and
advances are approximately of the value stated, if realized in the ordinary course of business. The provision of all the
known liabilities is adequate and not in excess of the amount reasonably necessary.
b) Balance of Sundry Debtors, Sundry Creditors and Loans & Advances are subject to confirmation and reconciliation,
if any.
c) Balances of Goods and Services Tax (GST) and revenue reflected in books of account are subject to confirmations,
reconciliations with returns with Statutory Authorities, if any.
d) The Financial Statements have been prepared in the format prescribed by the Schedule III to the Companies Act 2013 and
previous year figures have been regrouped wherever necessary.

Date: 23-09-2021 Date: 23-09-2021 Date: 23-09-2021
Company Identification Number : U74999PN2016PTC165836.
Notes Forming Integral Part Of Financial Statements For The Year Ended 31st March, 2021 (Continued)
Particulars of depreciation allowable as per the Income-tax Act, 1961 in respect of each asset or block of assets, as the case may be, in the following form :-
S.No. Description Of Asset / Block Of Rate Of Opening Written Down Additions during the year being put to use Disposals Total Depreciation Closing Written Down Value
Asset Depreciation Value for a period As on 31st March, 2021
As on 1st April, 2020 More than Less Than 180 Total

180 Days Days
1 Computers 40% 12,421 - - - - 12,421 4,969 7,453
2 Furniture & Fixtures 10% 593,801 - - - 81,984 511,817 51,182 460,635
3 Office Equipments 15% 71,082 - - - - 71,082 10,662 60,420
4 Plant and Machinery 15% 277,424 - - - - 277,424 41,614 235,810
Total 954,729 - - - - 1,090,489 135,760 764,318

Grouping of ledgers
Sl. No. Particulars 31st March, 2021 31st March, 2020
A Balance sheet items

1 Issued, Subscribed & Paid-up
Equity Shares 2,498,340 2,498,340
Total 2,498,340 2,498,340
2 Trade Payables
Udyen Jain & Associates 84,860 121,081
CHAYA KISAN GAIKWAD 46,597 438,370
Ecoedge Sales & Solutions Pvt. Ltd - 1
SUNITA RAMDASGAIKWAD 46,597 453,370
Total 178,054 1,012,822
3 Statutory Dues
TDS on Contractor - -
TDS on Professional Fees 2,276 3,034
TDS on Rent 7,556 10,076
TDS on Salary - -
TDS u/s 195 - -
GST 11,406 96,120
Total 21,238 109,230
4 Provision For Taxation
Income Tax Payable - 28,328
Total - 28,328
5 Non Current Liabilities
Deferred Tax Liability - -
Total - -
6 Other Current Liabilities
MSME Interest Payable 744 -
Profession Tax - -
Total 744 -
7 Cash In Hand
Cash 310 310
Total 310 310
8 In Current Accounts
HDFC Bank 50200021659937 511,112 824,754
Total 511,112 824,754
9 Deposits
Deposit for VAT 30,025 30,025
Deposit to Landlord - -
Total 30,025 30,025
10 Duties & Taxes
2032 Service Tax - Krishi K Cess Receivable 0.5% - -
GST Input 140,085 140,085
2032 Service Tax Receivable @ 14% - -
Total 140,085 140,085
11 Other Current Assets
Rent Desposite to Sagar Gaikwad 403,000 403,000
Khushi Electricals 0 119,999
Received TDS on Rent 112,500 322,742
Strub India Pvt.Ltd - 39,650
Mat Credit Entitlement 8,222
Refund Received - -
Total 523,722 885,391
B Profit & Loss Statement Items
1 Sales Of Services - Export
Designing Charges - -
Service Income - -
Total - -
2 Other Income
Rent received 1,500,000 1,800,000
Interest received on I.T refund 19,580
Total 1,519,580 1,800,000
3 Employee Benefit Expense
Salary Expenses - -
Total - -
4 Finance Cost
Bank Charges 35 111
Total 35 111
5 Depreciation and Amortisation Expense
Depreciation On Tangible Assets - -
Amortization expense of Intangibles - -
Total - -
6 Travelling Expense
Local Conveyance Expenses - -
Travelling Expenses - -
Total - -
7 Printing and Stationery Expense
Printing and Stationery - -
Total - -
8 Office Expenses
Office Expenses - 28,551
NOC-charges - -
FCGP charges - -
Training Expenses - -
Electricity Expenses - -
Total - 28,551
9 Repairs & Maintenance
Repairs & Maintenance - 2,280
Software Maintenance Expenses - -
Maintenance Charges - -
Total - 2,280
10 Professional Fees
Professional Fees 124,508 197,008
Total 124,508 197,008
11 Rates & Taxes
2032 Swachha Bharat Cess 0.5% - -
Profession Tax 2,500 2,500
Service Tax - -
GST - -
Rates & Taxes - -
Total 2,500 2,500
12 Rent
Apartment Rent - -
Office Rent 1,007,500 1,194,000
Total 1,007,500 1,194,000
13 Sales Promotion Expense
Sales Promotion Expense - -
Total - -
14 Audit Fees
Audit Fees 70,032 70,032
Total 70,032 70,032
15 Communication Expense
Courier Expenses - -
Internet & Telephone Expenses - -
Total - -
17 Other Expenses
Reimbursement of Expenses 4,550 1,000
Sundry Balance Written off - 1 -
Interest MSME 744 -
Interest on TDS 50 -
Penalty on TDS 21,192 -
Labour Charges 0 6000
Round off 0 -0.89
26,535 6,999
18 Legal Expenses - -
Legal Expenses 53,810
- 53,810

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Name Of The Assessee : Strub Trade Private Limited

Address : Registered Office: Gat

PAN / WARD : AAXCS4710P

Add : Disallowances Under Section

Business Income -1,445,303

2 Income From Other Sources

1 Tax Payable @ On Rs.

9 Balance Tax Payable / (Refundable) -128,543

1 Net Profit As Per Profit & Loss Account 62,238

4 Book Profit Under Section 115JB -102,839

Summary Of Significant Accounting Policies 2

Saili Gangakhedkar Dominik Tiedt Strub Sandeep Limbekar

Summary Of Significant Accounting Policies 2

Saili Gangakhedkar Dominik Tiedt Strub Sandeep Limbekar

CASH USED IN OPERATING ACTIVITIES (395,626) 554,727

CASH FLOW FROM INVESTING ACTIVITIES

CASH FLOW FROM FINANCING ACTIVITIES

CASH GENERATED IN FINANCING ACTIVTIES - -

Net Increase / (Decrease In Cash & Cash Equivalents) (313,642) 554,727

Summary Of Significant Accounting Policies 2

Saili Gangakhedkar Dominik Tiedt Strub Sandeep Limbekar

2) Significant Accounting Policies

b) Applicability of Accounting Standards

d) Property, Plant and Equipment

i) Foreign currency transactions

m) Provisions and contingencies

n) Earnings Per Share

p) Cash & Cash Equivalent

r) Current / Non current Classification

2 Issued, Subscribed & Paid-up

4) Reserves & Surplus

5) Deferred Tax Liability

7) Other Current Liabilities

8) Short Term Provisions

10) Other non-current assets

12) Cash and cash equivalents

13) Short-term loans and advances

14) Other Current Assets

Sr. Disposal / Accumulated Depreciation Accumulated

1 Computers 34,504 - - 34,504 18,051 10,926 - 28,977 5,527 16,453

3 Office Equipments 98,384 - - 98,384 30,779 18,693 - 49,472 48,912 67,605

15) Other Income

16) Finance Costs

17) Other Expenses

18) Tax Expense

C Balances at year end

25) Disclosure regarding MSME vendors

Saili Gangakhedkar Dominik Tiedt Strub Sandeep Limbekar

As on 1st April, 2020 More than Less Than 180 Total

2 Furniture & Fixtures 10% 593,801 - - - 81,984 511,817 51,182 460,635

3 Office Equipments 15% 71,082 - - - - 71,082 10,662 60,420

4 Plant and Machinery 15% 277,424 - - - - 277,424 41,614 235,810

Total 954,729 - - - - 1,090,489 135,760 764,318

A Balance sheet items

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