ADVANCED DEVELOPMENT SOLUTIONS PRIVATE LIMITED

CIN: U74999HR2021 PTCO87708

Balance Sheet as at 31.03.2022

(Amount in Rs.) (Amount in Rs.)
Particulars Notes Amount as on 31st Amount as on 31st March
March 2022 2021
I. EQUITY AND LIABILITIES

1. SHAREHOLDER'S FUNDS
a. Share Capital 2 100,000.00 100,000.00
b. Reserves and Surplus (2.423,069.45)| (1,544,672.50)|
2. NON CURRENT LIABILITIES
a. Long Term borrowings 5,819,074.48 2,800,000.00
b.Deffered Tax Liability

3. CURRENT LIABILITIES
a. Trade Payable 1,038,557.82 26,107.54
b.Short Term Borrowings
c. Other Current Liabilities 184,300.00 25,521.92

d. Short Term Provisions

Total 4,718,862.85 1,406,956.96
1I. ASSETS

1. NON CURRENT ASSETS

a. Fixed Assets
Tangible Assets 7 881,131.26 207,348.75
b. Deferred Tax Asset (Net)
c. Long Term Investments
d. Other Non Current Assets

2. CURRENT ASSETS
a. Inventories 13 250,500.00o 223,112.00
b. Trade Receivables 8 3,017,165.50 337,735.69
c. Cash and Cash Equivalents 251,970.90 86,110.18
d. Short Term Loans and Advances 10 206,149.35 312,959.91
e. Other Current Assets 11 111,945.84 239,690.43
Total 4,718,862.85 1,406,956.96 |
The accompanying notes are an integral part of the Financial Statements

For Shashank Garg& Associates For Advanced Development Solutions Pvt. Ltd.
Chartered Accountants

NKGAA
GARG ASSO
BHOPAL Digitally Digitally
signed by Poonam signed by
SINGH
FRN-039277N RAO
BHOPAL Yadav Poonam
Yadav
SINGH RAO
CA Shashank Garg
(Proprietor)
hartereo Accou
Bhopal Singh Rao
(Director)
Poonam Yadav
(Director)
Membership No. 563751 DIN: 08802400 DIN: 09031941

Date: 15.09.2022
Place: Gurugram
UDIN: 22563751BFFNYQI743
 ADVANCED DEVELOPMENT SOLUTIONS PRIVATE LIMITED
CIN: U74999HR2021 PTCO87708

Statement of Profit & Loss for the year ending 31.03.2022

Particulars Notes (Amount in Rs.) (Amount in Rs.)

Amount as on 31st Amount as on
March 2022 31st March 2021

1. Revenue
Revenue Prom Operations
Revenue from Sales 7,964,885.21 4,084,948.50
Other Income
Total
7,964,885.21 4,084,948.50
2. EXPENSES
Cost of Material Consumed 12 6,732,791.91 4,962,488.50
Change in Inventories of stock in trade 13 (27,388.00) (223,112.00)
Employee benefit expense 14 753,132.00 282,112.00
Depreciation 7 87,738.24 12,251.25
Other Expenses 15 1,297,008.01 595,881.25
Total 8,843,282.16 5,629,621.00
Profit before tax
(878,396.95) (1,544,672.50)
Tax Expense
Current Tax
Deferred Tax
Total Tax Expense

Profit for the year

878,396.95) (1,544,672.50)
Basic EPS (87.84) (154.47)
Diluted EPSs (87.84) (154.47)
he accompanying notes areanintegral part of the Financial Statements
For Shashank Garg & Associates For Advanced Development Solutions Pvt. Ltd.
Chartered Accountants

Digitally
BHOPAL Digitally
Poonam signed by
signed by
SINGH
ANK
G
ARG&4Soc BHOPAL Yadav Poonam
RAO SINGH RAO Yadav
CA Shashank Garg FRN-039277N Bhopal Singh Rao Poonam Yadav
(Proprietor) Ch. (Director) (Director)
Membership No. 563751
drtered CCoun DIN: 08802400 DIN: 09031941

Date: 15.09.2022
Place: Gurugram
UDIN: 22563751BFFNYQI743
 ADVANCED DEVELOPMENT SOLUTIONS PRIVATE LIMITED
CIN: U74999HR2021 PTCo87708

Notes to financial Statements for the periód ended 31.03.2022

17.Activity in Foreign Currency

As at
31.03.2022
(a) Earning in Foreign Bxchange Amount (Rs)
(b) Expenditure in Foreign Exchange

18, Impairment of Asset

As per internal assessment
of the company there is no asset
requiring prOvision for impairment as on 31-03-2022 per AS 28 issued
as
by the Institute of Chartered Accountants of India.

19. Previous years figures.

Previous ycars figures have been presented for the purpose of and have been
comparison regrouped where necessary.

20. Debit/Credit balances included in

Sundry Debtors, Loans and Advances, Current liabilities are
pending confirmat ion and consequential reconciliat ion. Adjustments in this the
management are not likely to be material and would be carried out as and when ascertained. respect, in
opinion of the

21. In the opinion of the board, currents assets, loans and advances have a value on realisation in the ordinary course of buiness at least equal to the amount at which they are stated.

The accompanying notes are an integral part of the Financial Statements

For Advanced Development Solutions Pvt. Ltd.

ForShashank Garg &
Assoates
Chartered Accountants

Digitally Digitally
BHOPAL signed by Poonam signed by

CAShadtank Garg
NK
GA
RG&ASSOC SINGH RAO BHOPAL
SINGH RAO
Yadav Poonam
Yadav
Bhopal Singh Rao Poonam Yadav
(Proprietor) FRN-039277N m
Membership No. 563751 (Director) (Director)
DIN: 08802400 DIN: 09031941
Date: 15.09.2022
Place: Gurugram
| UDIN: 22563751 BFFNYQ1743
Chartete AccoU
ADVANCED DEVELOPMENT SOLUTIONS PRIVATE LIMITED
CIN: U74999HR2020PTC087708

Notes to financial Statements for the period ended 31.03.2022

1. SIGNIFICANT ACCOUNTING POLICIES

a. GENERAL
The company was incorporated on 21.07.2020 and the registered office of the Company situated at Flat No. 1002, 10th Floor, GF-43, Sector-1, IMT Manesar,
Gurugram, Gurgaon, Haryana-122052. The Company deals into into manufacturing of moulds and trading of Iron Scraps.

b. BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The Financial statements are prepared under the Historical Cost Convention as a going concern and are, in accordance with the generally accepted
accounting principles & standards and relevant disclosure 'requirements of The Companies Act, 2013.The Company follows the mercantile system of
accounting.

c. FIXED ASSETS
All the Fixed Assets are valued at cost less depreciation/amortization. The cost of an asset includes the purchase cost of materials, including import duties and
non-refundable taxes, and any directly attributable costs of bringing an asset to the location and condition of its intended use.

d. DEPRECIATION
Depreciation on Fixed Assets is provided on Written Down Value ( WDV) at the rates prescribed in Schedule II of the Companies Act, 2013 . Depreciation on
addition/ deletion made during the year is provided on pro-rata basis from the date of addition/ deletion on which asset is put to use or upto date of deletion.

e. REVENUE RECOGNITION
Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of the Group’s
activities.

f. FORIGN CURERENCY TRANSACTIONS

Entity has not entered into any transaction involving Foreign currency.

g. EMPLOYEE BENEFITS
The Company has no policy for leave encashment or accrual thereof; hence there is no accrued liability for leave encashment as at the period-end.

h. LEASES
Leases where the lessor effectively retains substantially all the risks and benefits of ownership of the leased term are classified as operating leases. Operating
lease payments are recognized as an expense in the profit and loss account on a straight line basis over the lease term

i. CONTINGENT LIABILITIES
Liabilities which are material and whose future outcome cannot be ascertained with reasonable certainty are treated as contingent and disclosed by way of
Notes to the Accounts.

j. TAXATION
(a) Tax Expense comprises of 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.
(b) Deferred Tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the Balance Sheet date. Deferred Tax is recognised,
subject to the consideration of prudence, on timing differences, being the difference between taxable income and accounting income that originate in one
period and are capable of reversal in one or more subsequent periods in the Statement of Profit and Loss and the cumulative effect thereof is reflected in the
Balance Sheet.
ADVANCED DEVELOPMENT SOLUTIONS PRIVATE LIMITED
CIN: U74999HR2020PTC087708

Notes to financial Statements for the period ended 31.03.2022

k) OPERATING CYCLE
All assets and liabilities have been classified as current or non-current as per the Company’s normal operating cycle and other criteria set out above which are
in accordance with the Schedule III to the Act.
Based on the sale of services and the time between the acquisition of assets for processing and their realization in cash and cash equivalents, the Company has
ascertained its operating cycle as 12 months for the purpose of current- non-current classification of assets and liabilities.

l) PROVISIONS AND CONTIGINCIES

A provision is recognized when:
a. the Company has a present obligation as a result of a past events;
b. it is probable that an outflow of resources will be required to settle the obligation; and
c. in respect of which a reliable estimate can be made.
Provisions (excluding retirement benefits) are not discounted to their present value and are determined based on the best estimate required to settle the
obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities are
disclosed in the Notes.
Contingent assets are not recognized in the financial statements. However Contingent assets are assessed continuously and if it is virtually certain that an
economic benefits will arise, the asset and the related income are recognized in the period in which the change occurs.

m) FOREIGN CURRENCY TRANSACTION

Foreign currency transactions are recorded at the exchange rate prevailing at the time of transaction and exchange difference arising from settled transactions
are adjusted to the profit & loss account. All monetary items denominated in foreign currency at the year end are translated at the year end rate of exchange
difference arising therefrom and are adjusted to the Profit & Loss Account.

n) EARNING PER SHARE

The basic earnings per share are computed by dividing the net profit attributable to the equity shareholders for the year by the weighted average number of
equity shares outstanding during the reporting year. Diluted earnings per share is computed by dividing the net profit attributable to the equity shareholders
for the year by the weighted average number of equity and dilutive equity equivalent shares outstanding during the year, except where the results would be
anti-dilutive.

o) CASH AND CASH EQUIVALENT

Cash and Cash equivalents in the balance sheet comprises cash at banks and on hand and short term deposits with an original maturity of three months or
less, which are subject to an insignificant risk of change in value.
For the purpose of statement of cash flows, cash and cash equivalents consists of cash at bank and on hand and short term deposits, as defined above, net of
outstanding bank overdrafts as they are considered an integral part of the Company’s Cash management.
ADVANCED DEVELOPMENT SOLUTIONS PRIVATE LIMITED
CIN: U74999HR2021PTC087708

Notes to financial Statements for the period ended 31.03.2022

2. SHARE CAPITAL
As at As at
31.03.2022 31.03.2021
Amount(Rs) Amount(Rs)
Authorised
50,000 Equity shares of Rs. 10 each 500,000.00 500,000.00

500,000.00 500,000.00

Issued Subscribed and Paid up capital

10000 Equity shares @ Rs 10 each 100,000.00 100,000.00
-

100,000.00 100,000.00

a) Reconciliation of shares outstanding at the beginning and at the end of the reporting period.

EQUITY SHARES (of Rs 10 each)

31st March 2022
No of Shares Amouunt (Rs)
At the beginning of the period 10,000 100,000.00
Issued during the period - -
Shares redeemed during the period - -
Outstanding at the end of the period 10,000 100,000.00

b) Rights, preference and restrictions attached to shares

The company has one class of equity shares having a par value of Rs. 10 per share. Each shareholder is
eligible for 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.
`
During the period ended 31st March 2022, no amount of dividend was recognised

In the event of liquidation of the company, the holders of the equity shares will be entitled to receive assets
of the company.The distribution will be in proportion to the number of equity shares held by the
shareholders.

c. Details of Shareholders holding more than 5% in the Company

2022 2021
No of Shares % Holding No of Shares % Holding
Equity Shares of Rs.10 each, fully paid up
BHOPAL SINGH RAO 3,333 33.33% 3,333 33.33%
NRIGA SOOD 1,666 16.66% 1,666 16.66%
SEEMA YADAV 1,666 16.66% 1,666 16.66%
POONAM YADAV 1,667 16.67% 1,667 16.67%
SARITA YADAV 1,668 16.68% 1,668 16.68%
ADVANCED DEVELOPMENT SOLUTIONS PRIVATE LIMITED
CIN: U74999HR2021PTC087708

Notes to financial Statements for the period ended 31.03.2022

3. Reserves & Surplus

As at As at
31.03.2022 31.03.2021
Amount (Rs) Amount (Rs)
Balance as per last financial statements (1,544,672.50) -
Profit for the period (878,396.95) (1,544,672.50)
Share Premium - -
Director's Loan capitalised - -
Closing Balance (2,423,069.45) (1,544,672.50)

Total Reserves and Surplus (2,423,069.45) (1,544,672.50)

4. Long Term Borrowing

As at As at
31.03.2022 31.03.2021
Amount (Rs) Amount (Rs)
Un-Secured Loans
Loan From Director
Bhopal Singh Rao 2,819,500.00 900,000.00
Nariga Sood 550,000.00 200,000.00
Poonam Yadav 500,000.00 500,000.00
Sarita Singh 500,000.00 500,000.00
Seema Yadav 800,000.00 700,000.00
Loan From Other
Laon form Tata Motor finance Limited 649,574.48
5,819,074.48 2,800,000.00

As at As at
31.03.2022 31.03.2021
Short Term Loan & Advances Amount (Rs) Amount (Rs)
Anil Kumar 13,990.00 -
Mandeep Yadav 25,000.00 -
Mehtab Parwe 25,000.00 -
63,990.00 -
5. Trade Payable
As at As at
31.03.2022 31.03.2021
Amount (Rs) Amount (Rs)

Sundry Creditors 1,038,557.82 26,107.54

1,038,557.82 26,107.54

10. Short Term Loan and Advances

As at As at
31.03.2022 31.03.2021
Amount (Rs) Amount (Rs)
Advance to Creditor 92,159.35 262,959.91
Others 50,000.00 50,000.00
142,159.35 312,959.91

6. Other Current Liabilities

As at As at
31.03.2022 31.03.2021
Amount (Rs) Amount (Rs)
Salary Payable 110,100.00 17,000.00
TCS Payable - 8,521.92
Factory Rent Payable 74,200.00 -
184,300.00 25,521.92
ADVANCED DEVELOPMENT SOLUTIONS PRIVATE LIMITED
CIN: U74999HR2021PTC087708

7. Fixed asset

PARTICULAR GROSS BLOCK

As at 01/04/2021 Addition Addition Deletion Gross Block as at Depreciation As at 31/03/2022
during the year during the year During the year 31/03/2022 During the
<180 Days >180 Days Year
Factory Shed 160,312.50 - - - 160,312.50 16,031.25 144,281.25
Die Set 47,036.25 80,398.13 100,500.00 - 227,934.38 28,160.30 199,774.08
Tata Tempo - - 580,622.62 - 580,622.62 43,546.70 537,075.92
TOTAL 47,036.25 80,398.13 100,500.00 - 968,869.50 87,738.24 881,131.26
ADVANCED DEVELOPMENT SOLUTIONS PRIVATE LIMITED
CIN: U74999HR2021PTC087708

Notes to financial Statements for the period ended 31.03.2022

8. Trade Receivables
As at As at
31.03.2022 31.03.2021
Amount (Rs) Amount (Rs)
:Unsecured, considered good
-Sundry Debtors 3,017,165.50 337,735.69
-Others - -
3,017,165.50 337,735.69

9. Cash and Bank balances

As at As at
31.03.2022 31.03.2021
Amount (Rs) Amount (Rs)
-in Cash 212,723.03 79,845.90
-in Current Account 39,247.87 6,264.28
251,970.90 86,110.18

11. Other Current Asset

As at As at
31.03.2022 31.03.2021
Amount (Rs) Amount (Rs)
GST ITC Receivable 78,193.80 201,185.53
TCS Receivable 24,255.85 38,504.90
Prepaid Insurance 9,496.08 -
111,945.73 239,690.43
ADVANCED DEVELOPMENT SOLUTIONS PRIVATE LIMITED
CIN: U74999HR2021PTC087708

Notes to financial Statements for the period ended 31.03.2022

As at As at
12. Cost of Material Consumed 31.03.2022 31.03.2021
Amount (Rs) Amount (Rs)

Purchase 6,094,918.76 4,915,364.50

Wages & Loading unloading Charges 503,200.00 -
Direct Expense 134,673.15 47,124.00
6,732,791.91 4,962,488.50

13. Change in Inventories of stock in trade

As at As at
31.03.2022 31.03.2021
Amount (Rs) Amount (Rs)

Opening Inventories 223,112.00 -

Stock in trade

Closing Inventories
Stock in trade 250,500.00 223,112.00

(27,388.00) (223,112.00)

14. Employee benefit expenses

As at As at
31.03.2022 31.03.2021
Amount (Rs) Amount (Rs)
Salary & Allowances and Benefits 753,132.00 282,112.00
753,132.00 282,112.00

15. Other Expenses

As at As at
31.03.2022 31.03.2021
Amount (Rs) Amount (Rs)

Accounting Charges 25,000.00 80,000.00

Audit Fees 10,000.00 10,000.00
Bank Charges - 100.00
Printing & Stationery 37,200.00 3,830.90
GST Late fees 3,364.00 1,450.00
Business Promotion 72,000.00 27,500.00
Advertiesment Exp 48,000.00 7,203.00
Transportation Charges 74,307.97 99,529.00
Other Legal Exp 8,150.00 27,290.00
Professional Charges - 16,500.00
Travelling Expense 22,000.00 16,000.00
Repair & Maintenance 51,079.47 64,290.00
Factory Renting Charges 550,800.00 157,500.00
Office Expense 85,412.00 84,688.35
Electricity Expense 30,035.00 -
Diesel & Petrol Expenses 121,000.00 -
Insurance Expense 6,782.92 -
Interest Paid 21,566.27 -
Staff Welfare 25,000.00 -
Factory Repair & Maintenance 92,800.00
Vehicle Repair & Maintenance 12,520.00
1,297,017.63 595,881.25
ADVANCED DEVELOPMENT SOLUTIONS PRIVATE LIMITED
CIN: U74999HR2021PTC087708

Notes to financial Statements for the period ended 31.03.2022

15. Payment to Auditors

As at As at
31.03.2022 31.03.2021
Amount (Rs) Amount (Rs)
As Auditor:
Tax Audit Fees - -
Statutory Audit Fees 10,000.00 -

In other capacity:
Others (Including Tax matters) - -
Total 10,000.00 -

16. Earning per share (EPS)

The following reflects the profit and share data in the basic EPS computations:
As at As at
31.03.2021 31.03.2020
Amount (Rs) Amount (Rs)
Total operations for the year - -
Profit/ (Loss) after tax (878,396.95) -
Less: Dividends on convertible preference shares & tax thereon - -
Net profit/ (Loss) for calculation of basic EPS (878,396.95) -

No of Shares No of Shares
Weighted average number of equity shares in calculating basic EPS 10,000.00 -
Basic EPS (87.84)

17. Related party disclosures

A. Name of Related parties and related party relationship

Key Management Personnel Bhopal Singh Rao

Key Management Personnel Nriga Sood
Key Management Personnel Poonam Yadav
Key Management Personnel Sarita Singh
Key Management Personnel Seema Yadav

B. Related Party Transactions

As at
31.03.2022
Amount (Rs)
a) Bhopal Singh Rao
Loan Outstanding at the end of the year 2,819,500.00
Director's Remenuration -
2,819,500.00

b) Nriga Sood
Loan Outstanding at the end of the year 550,000.00
Director's Remenuration -
550,000.00

c) Poonam Yadav
Loan Outstanding at the end of the year 500,000.00
Director's Remenuration -
500,000.00

c) Sarita Yadav
Loan Outstanding at the end of the year 500,000.00
Director's Remenuration -
500,000.00

c) Seema Yadav
Loan Outstanding at the end of the year 800,000.00
Director's Remenuration -
800,000.00