Shreeji Kosh Overseas Pte. Ltd.

(Incorporated in the Republic of Singapore)

(Company Registration Number: 201709209D)

DIRECTORS’ STATEMENT
AND
UNAUDITED FINANCIAL STATEMENTS
31 March 2023
Shreeji Kosh Overseas Pte. Ltd.
(Incorporated in the Republic of Singapore)
(Company Registration Number: 201709209D)

INDEX

PAGE

STATEMENT BY DIRECTORS 1-2

STATEMENT OF FINANCIAL POSITION 3

STATEMENT OF COMPREHENSIVE INCOME 4

STATEMENT OF CHANGES IN EQUITY 5

STATEMENT OF CASH FLOW 6

NOTES TO THE FINANCIAL STATEMENTS 7 - 16

Shreeji Kosh Overseas Pte. Ltd.
(Incorporated in the Republic of Singapore)
(Company Registration Number: 201709209D)

Director's Statement

The directors present their report to the members together with the unaudited financial statements of Shreeji Kosh
Overseas Pte. Ltd. Pte. Ltd. (the “Company”) for the financial year ended 31st March 2023.

1 OPINION OF THE DIRECTORS

In the opinion of the director,

(a) The financial statements of the Company are drawn up so as to give a true and fair view of the financial position
of the Company as at 31st March 2023 and the financial performance, changes in equity and cash flows of the Company
for the year ended 31st March 2023; and

(b) At the date of this statement, there are reasonable grounds to believe that the Company will be able to pay its debts
as and when they fall due.

2 DIRECTORS

The directors of the Company in office at the date of this report are as follows:
Priti Lakhpati

3 ARRANGEMENTS TO ENABLE DIRECTORS TO ACQUIRE SHARES AND

DEBENTURES

Neither at the end of nor at any time during the financial period was the Company a party to any arrangement whose
object is to enable the directors of the Company to acquire benefits by means of the acquisition of shares in, or
debentures of the Company or any other body corporate.

4 DIRECTORS INTEREST IN SHARES OR DEBENTURES

According to the register of director’s shareholdings by the Company for the Section 164 of the Singapore Companies
Act, Chapter 50 (the “Act”), the directors of the company who held office at the end of the financial year had no interest
in the share or debentures of the company and related corporation.

1
Shreeji Kosh Overseas Pte. Ltd.
(Incorporated in the Republic of Singapore)
(Company Registration Number: 201709209D)

Director's Statement (Continued)

5 SHARE OPTIONS

There were no options granted during the financial year to subscribe for unissued shares of the Company.

There were no shares issued during the financial year by virtue of the exercise of options to take up unissued shares of
the Company.

There were no unissued shares of the Company under option at the end of the financial year.

6 AUDIT

The Company is exempt from audit under Section 205C of the Singapore Companies Act, 1967.

On behalf of the Board

____________________
Priti Lakhpati
Director

Singapore
Date:

2
SHREEJI KOSH OVERSEAS PTE. LTD
Statement of Financial Position
As at 31st March 2023
Note 2023 2022
S$ S$
Current Assets
Trade and Other Receivable 4 21,000 21,000
Cash and cash equivalents 5 8,038 8,038
29,038 29,038
TOTAL ASSETS 29,038 29,038

EQUITY AND LIABILITIES

Equity attributable to owners
Share capital 6 21,000 21,000
Retained earnings (62) (62)
20,938 20,938
Non-current Liabilities
Long term borrowings 7 8,100 8,100
8,100 8,100

TOTAL EQUITY AND LIABILITIES 29,038 29,038

3
SHREEJI KOSH OVERSEAS PTE. LTD
Statement of Comprehensive Income
For the year ended on 31 March 2023

2023 2022
Note

S$ S$

Revenue - -

Other Income
Interest Income - -
- -

Indirect Expenses
Administrative expenses - (70)
Profit / (Loss) before tax - (70)

Income tax expense - -

Profit / (Loss) for the period - (70)

Other comprehensive income, net of tax - -

Total comprehensive income for the period - (70)

4
SHREEJI KOSH OVERSEAS PTE. LTD
Statement of Changes in Equity
For the year ended on 31 March 2023

Share Retained Total

Capital Earnings
S$ S$ S$

Balance at 31 March 2021 21,000 8 21,008

Total comprehensive income for the period - (70) (70)

Balance at 31 March 2022 21,000 (62) 20,938

Total comprehensive income for the period - - -

Balance at 31 March 2023 21,000 (62) 20,938

5
SHREEJI KOSH OVERSEAS PTE. LTD
Statement of Cash Flow
For the year ended on 31 March 2023

2023 2022

S$ S$
Cash flows from operating activities
Profit before taxation - (70)
Adjustments for:
Depreciation - -
Operating cash flows before changes in working capital - (70)
Change in Trade and other receivables - 5,100
Changein Trade and other payables - -
Cash flows generated from operations - 5,030

Income tax paid - -

Net cash flows generated from operating activities - 5,030

Cash flows from Investing activities - -

Net cash (used in) Investing activities - -

Cash flows from financing activities

Advance from Customers - -
Net cash generated from financing activities - -

Net increase in cash and cash equivalents - 5,030

Cash and cash equivalents at beginning of financial year 8,038 3,008
Cash and cash equivalents at end of financial year 8,038 8,038

6
Shreeji Kosh Overseas Pte. Ltd.
(Incorporated in the Republic of Singapore)
(Company Registration Number: 201709209D)

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023

These notes form an integral part of and should be read in conjunction with the accompanying financial statements.

1 GENERAL

Shreeji Kosh Overseas Pte. Ltd. (the “Company”) is incorporated and domiciled in Singapore with its registered office
and principal place of business at 100, Peck Seah Street, #08-14, PS100, Singapore - 079333

The principal activities of the Company are those Investment holding company. There have been a significant changes to
the Company’s principal activities during the financial year. Last year, the principal activities of the Company was
Computer Systems Integration Activities.

On March 14, 2023 Cestrum Investment Broker Private Limited acquired the entire share capital of the company and
consequently the company became a wholly owned subsidiary of Cestrum Investment Broker Private Limited from that
date March 14,2023.

The financial statements of the Company for the financial year ended on 31 March 2023 were authorized in accordance
with a resolution of the directors as stated in Directors’ Statement.

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Basis of Preparation

The financial statements have been prepared in accordance with the Singapore Financial Reporting Standards (FRS).

The financial statements are presented in Singapore Dollars (S$) which the Company’s functional currency and prepared
in accordance with the historical cost convention except as disclosed in the accounting policies.

The accounting policies have been consistently applied by the Company and are consistent with those used in the
previous financial year.

New or Revised FRS and INT FRS issued but not yet effective

The Company has not early adopted any mandatory standards, amendments and interpretations to existing standards that
have been published but not effective for the Company’s accounting periods. However, management anticipates that the
adoption of these standards and interpretations will not have a material impact on the financial statements of the
Company in the period of their initial adoption.

Changes to the Company’s accounting policies have been made as required, in accordance with transitional provisions in
the respective FRS AND INT FRS.

The adoption of the new or amended FRS and INT FRS did not result in substantial changes to the Company’s
accounting policies and had no material effect on the amounts reported for the current or prior financial years.

7
Shreeji Kosh Overseas Pte. Ltd.
(Incorporated in the Republic of Singapore)
(Company Registration Number: 201709209D)

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

(b) Foreign currency transactions and balances

Transactions in foreign currencies are measured in the functional currency of the Company and are recorded on the
initial recognition in the functional currency at exchange rates approximating those ruling at the transaction dates.
Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the
financial year end date. Non-monetary items are measured at fair value in a foreign currency are translated using the
exchange rates at the date when the fair value was measured.

Exchange differences arising on the settlement of monetary items or on translating monetary items at the reporting
period are recognized in profit or loss.

(c) Plant and equipment

All items of plant and equipment are initial recorded at cost. Subsequent to recognition, plant and equipment are
measured at cost less accumulated depreciation and accumulated impairment losses. The cost of plant and equipment
includes its purchase price and any costs directly attributable to bringing the asset to the location and condition
necessary for it to be capable of operating in the manner intended by management. Dismantlement, removal or
restoration costs are included as part of cost of plant and equipment of the obligation for dismantlement, removal or
restoration is incurred as a consequent of acquiring or using the plant and equipment.

Depreciation is calculated using the straight-line method to allocate depreciable amounts over their estimated useful
lives. The estimated useful lives are as follows:

The carrying values of plant and equipment are reviewed for impairment when events or changes in circumstances
indicate that the carrying value may not be recoverable. The useful lives, residual values and depreciation method are
reviewed at the end of each financial year, and adjusted prospectively, if appropriate. An item of plant and equipment is
derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss
in derecognition of the asset is included in profit or loss in the financial year that asset is derecognized.

(d) Impairment of non-financial assets

The Company assesses at each reporting date whether there is an indication that an asset may be impaired. If any
indication exists, or when an annual impairment testing for an asset is required, the Company makes an estimate of the
asset’s recoverable amount.

An asset’s recoverable amount is the higher of an asset’s or cash generating unit’s fair value less costs of disposal and
its value in use and is determined for an individual asset, unless the asset does not generate cash inflows that are largely
independent of those from other assets or group of assets. Where the carrying amount of an asset or cash generating unit
excess its recoverable amount, the asset is recognized is considered impaired and is written down to its recoverable
amount. Impairment losses are recognised in profit or loss.

8
Shreeji Kosh Overseas Pte. Ltd.
(Incorporated in the Republic of Singapore)
(Company Registration Number: 201709209D)

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

(d) Impairment of non-financial assets (continued)

As previously recognised impairment loss is reversed only if there has been a change in the estimates used to determine
that asset’s recoverable amount since the last impairment loss was recognised amount. That increase cannot exceed the
carrying amount that would have been determined, net of depreciation, had no impairment loss been recognised
previously. Such reversal recognised in profit or loss.

(e) Financial assets

(i) Initial recognition and measurement

At initial recognition, the Company measures a financial asset at its fair value plus, in the case of a financial asset not at
fair value through profit or loss (FVPL), transaction costs that are directly attributable to the acquisition of the financial
asset.

Trade receivables are measured at the amount of consideration to which the Company expects to be entitled in exchange
for transferring promised goods or services to a customer, excluding amounts collected on behalf of third party, if the
trade receivables do not contain a significant financing component at initial recognition

(ii) Subsequent measurement

Subsequent measurement of debt instruments depends on the Company’s business model for managing the asset and the
contractual cash flow characteristics of the asset. The three measurement categories for classification of debt
instruments are amortised cost, fair value through other comprehensive income (FVOCI) and FVPL. The Company only
has debt instruments at amortised cost.

(iii) De-recognition

A financial asset is derecognised when the contractual right to receive cash flow from the asset has expired. On de-
recognition of a financial asset in its entirety, the difference between the carrying amount and the sum of the
consideration received and any cumulative gain or loss that has been recognised in other comprehensive income is
recognised in profit or loss.

(f) Cash and Cash equivalents

Cash and cash equivalents comprise cash at bank and on hand and are subject to an insignificant risk of changes in
value.

(g) Impairment of financial assets

Loss allowance of the company are measured on either of the following bases:

1. 12 month expected credit losses (ECL’s)-represent the ECL that result from default events that are possible within 12
months after reporting date or

2. Lifetime ECL’s -representing the ECL’s that will result from all possible default events over the expected life of a
financial instruments or contract assets.

9
Shreeji Kosh Overseas Pte. Ltd.
(Incorporated in the Republic of Singapore)
(Company Registration Number: 201709209D)

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

(g) Impairment of financial assets (Continued)

Simplifies Approach- Trade receivables

The company applies simplified approach to provide ECLs for all trade receivable, as permitted by FRS 109, which
require expected lifetime losses to be recognised from initial recognition of the receivable.

Credit Impaired Financial Assets

A financial asset is credit impaired when one or more events that have a detrimental impact on the estimated future cash
flows of the financial asset. At each reporting date, the company assesses whether financial asset carried at amortised
cost are credit impaired.

Evidence that a financial asset is credit impaired includes the observable data about the following events:

1. Significant financial difficulty of the borrower or issuer

2. A breach of contract such as a default or pass due

3. The lender of the borrower, foe economic or contractual reasons relating to the borrowers financial difficulty, having
granted to the borrower would not other consider (e.g. the restructuring of loan or advance by the company on terms that
the company would not other consider otherwise.

4. It is becoming probable that the borrower will enter bankruptcy or other financial reorganisations: or

5. The disappearance of an active market for a security because of financial difficulty.

Measurement of ECLs

ECLs are probability-weighted estimates of credit losses. Credit losses are measured at the present value of all cash
shortfalls. ECLs are discounted at the effective interest rate of the financial assets.

Write-off Policy

The Company writes off a financial asset when there is information indicating that the counter Party is in several
financial difficulties and there is no realistic prospect of recovery, e.g. when The counterparty has been placed under
liquidation or has entered into bankruptcy proceedings, Or in the case of trade receivable, when the amounts are over
one year past due, whichever occurs sooner. Financial assets written off may still be subject to enforcement activities
under the company’s recovery procedures, taking into account legal advice where appropriate. Any recoveries made are
recognised in profit and loss

(h) Share Capital

Proceeds from the issuance of ordinary shares are recognised as share capital in equity. Incremental costs directly
attributable to the issuance of ordinary shares are deducted against share capital.

10
Shreeji Kosh Overseas Pte. Ltd.
(Incorporated in the Republic of Singapore)
(Company Registration Number: 201709209D)

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

(i) Financial liabilities

(i) Initial recognition and measurement.

Financial liabilities are recognised when, and only when, the Company becomes a party to the contractual provisions of
the financial instrument. The Company determines the classification of its financial liabilities at initial recognition. All
the financial liabilities are recognised initially at fair value plus in the case of financial liabilities not at fair value
through profit or loss, directly attributable transactions costs.

(ii) Subsequent measurement

After initial recognition, financial liablilties that are not carried at fair value through profit or loss are subsequently
measured at amortised cost using the effective interest method. Gains and losses are recognised in profit or loss when
the liabilities are derecognized, and through the amortisation process. Such financial liabilities comprise trade and other
payables.

(iii) De-recognition

A financial liability is de-recognised when the obligation under the liability is discharged, cancelled or expires. When an
existing liablility is replaced by another from the same lender on substantially different terms, or the terms of an existing
liability are substantially modified, such as exchange or modification is treated as a de-recognition of the original
liability and the recognition of the original liability and the recognition of a new liability, and the difference in the
respective carrying amounts is recognised in profit or loss.

(j) Offsetting of financial instruments

A financial asset and a financial liability shall be offset and the net amount presented in the statement of financial
position when and only when, an entity:

1. Currently has a legally enforceable right to set off the recognised amounts; and
2. intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously.

(k) Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of past event
and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and
a reliable estimate can be made of the amount of the obligation.

(l) Revenue recognition

Revenue is measured based on the consideration specified in a contract with a customer and excludes amounts collected
on behalf of third parties. The company recognises revenue when it transfers control of a product or services to a
customer

11
Shreeji Kosh Overseas Pte. Ltd.
(Incorporated in the Republic of Singapore)
(Company Registration Number: 201709209D)

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

(l) Revenue recognition (Continued)

1. Sale of goods & services

Revenue from sales of goods and rendering of services in the ordinary course of the Company’s activities is recognised
when the company satisfies a performance obligation (PO) by transferring control of goods or service to customer. The
amount of revenue recognised is the amount of the transaction price allocated to satisfied PO.

The transaction price is allocated to each PO in the contract on the basis of relative standalone selling prices of promised
goods & services. The individual standalone selling price of promised goods or services that has not yet sold on a
standalone basis, or has a highly variable selling price, is determined based on residual portion of transaction price after
allocating same to good or services with absolute standalone selling price. A discount or variable consideration is
allocated to one on more, but not all, of the performance obligations.

The transaction price is the amount of consideration in the contract to which the company expect to be entitled in
exchange of transferring the promised goods or services. The transaction price may be fixed or variable and is adjusted
for time value of money if a contract includes significant financing component. Consideration payable to a customer is
deducted from transaction price if the company does not receive separate identifiable benefit from the customer.

When consideration is variable, the estimated amount is included in the transaction price to the extend it is highly
probable that significant reversal of the cumulative revenue will not occur when the uncertainty associated with the
variable consideration is resolved.

Revenue may be recognised at a point in time or over time following the timings of satisfaction of the PO. If a PO is
satisfied over time, revenue is recognised based on the percentage pf completion reflecting the progress towards
complete satisfaction of the that PO.

Revenue is recognized at a point in the time when performance obligation is satisfied by transferring a promised goods
or services to the customer. Control of goods is transfer to customer generally on delivery of goods and control of
services are recognized at when services are rendered to the customer and recognized at a point in time upon satisfaction
of performance obligation.

(m) Employee benefits

Defined contribution plans

The Company makes contributions to the Central Provident Fund scheme in Singapore, a defined contribution pension
scheme. Contributions to defined contribution pension scheme are recognised as an expense in the period in which the
related service is performed.

(n) Taxes

Current income tax

Current income assets and liabilities for the current and prior periods are measured at the amount that expected to be
recovered from or paid to taxation authority. The tax rates and tax laws used to compute the amount are those that are
enacted or substantively enacted at the financial year end date.

12
Shreeji Kosh Overseas Pte. Ltd.
(Incorporated in the Republic of Singapore)
(Company Registration Number: 201709209D)

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

(n) Taxes (Continued)

Current income tax (Continued)

Current income taxes are recognised in profit or loss except to the extent that the tax relates to items recognised outside
profit or loss, either in other comprehensive income or directly in equity. Management periodically evaluates positions
taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and
establishes provisions where appropriate.

Deferred tax

Deferred tax is provided using the liability method or temporary differences at the financial year end date between the
tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. Deferred tax assets are
recognised for all deductible temporary differences, the carry forward of unused tax credits and unused tax losses, to the
extent that is probable that taxable profit will be available against which the deductible temporary differences, and the
carry forward of unused tax credits and unused tax losses can be utilised.

Deferred tax asset is not recognised for temporary differences on the initial recognition of assets and liabilities in a
transaction that is not a business combination and that affects neither accounting nor taxable profit or loss.

The carrying amount of deferred tax assets is reviewed at the end of each financial year and reduced to the extent that is
no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax assets to be
utilised. Unrecognised deferred tax assets are reassessed at the end of each financial year and are recognised to the
extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the financial year when the
asset is realized or the liability is settled, based on rates (and tax laws) the obligation and a reliable estimate can be made
that have been enacted or substantively enacted at the end of each financial year.

Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right to exists to set off current income
tax assets against current income tax liabilities and the deferred taxes relate to the same taxable entity and the same
taxation authority.

(o) Related Party

A related party is a person or entity that is related to the reporting entity:

1. A person or a close member of that person’s family is related to a reporting entity if that person:

i. has control or joint control over the reporting entity;

ii. has significant influence over the reporting entity; or
iii. is a member of the key management personnel of the reporting entity or of a parent of the reporting entity.

13
Shreeji Kosh Overseas Pte. Ltd.
(Incorporated in the Republic of Singapore)
(Company Registration Number: 201709209D)

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

(o) Related Party (Continued)

(b) An entity is related to a reporting entity if any of the following conditions applies:

i. the entity and the reporting entity are members of the same group (which means that each parent, subsidiary and fellow
subsidiary is related to the others).

ii. one entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a group
of which the other entity is a member of which the other entity is a member).

iii. both entities are joint ventures of the same third party.

iv. one entity is a joint venture of a third entity and the other entity is an associate of the third entity.

v. the entity is a post-employment benefit plan for the benefit of employees of either the reporting entity is itself such a
plan, the sponsoring employers are also related to the reporting entity.

vi. the entity is controlled by a person identified in (a).

vii. a person identified in (a)(i) has significant influence over the entity or is a member of the key management personnel
of the entity (or of a parent of the entity).

3 CRITICAL ACCOUNTING JUDGEMENT AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the Company’s accounting policies, which are described in Note 2, the management is required to
make judgements, estimates and assumptions about the carrying the amounts of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying
assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which
the estimate is revised if the revisions affect that period, or in the period of the revision and future periods if the revision
affects both current and future periods.

i. Critical judgements in applying the Company’s accounting policies

Determination of functional currency

In determining the functional currency of the Company, judgement is used by the Company to determine the currency of
the primary economic environment in which the Company operates. Consideration factors include the currency that
mainly influences sales prices of goods and services and the currency of the country whose competitive forces and
regulations mainly determines the sales prices of its goods and services.

ii. Key sources of estimation uncertainty

The key assumptions concerning the future, and other key sources of estimation uncertainty the end of each financial
year, that have a significant risk of a material adjustment to the carrying amounts of assets and liabilities within the next
financial year are discussed below.

14
Shreeji Kosh Overseas Pte. Ltd.
(Incorporated in the Republic of Singapore)
(Company Registration Number: 201709209D)

3 CRITICAL ACCOUNTING JUDGEMENT AND KEY SOURCES OF ESTIMATION UNCERTAINTY

(Continued)

Income Taxes

The Company is subject to income taxes in Singapore. Significant judgement is involved in determining the company-
wide provision for income taxes. There are certain transactions and computation for which the ultimate tax
determination is uncertain during the ordinary course of business. The Company recognises liabilities for expected
outcome of these matters is different from the amounts that were initially recorded, such differences will impact the
income taxes and deferred tax provisions in the period in which such determination is made.

4 OTHER RECEIVABLE

2023 2022
S$ S$
Other receivable 21,000 21,000
21,000 21,000

5 CASH AND CASH EQUIVALENTS

Cash and cash equivalents in the statement of cash flows comprise of bank balances as shown in the statement of
financial position.

2023 2022
S$ S$
SGD 8,038 8,038
8,038 8,038

The carrying amount of cash & cash equivalents are denominated in Singapore Dollar.

6 SHARE CAPITAL

Ordinary Shares 2023 2022

No. of No. of
S$ S$
Shares Shares
Issued and fully paid, with no par value
At the beginning of the financial year 300 21,000 300 21,000
Issued during the year - -
At the end of the financial year 300 21,000 300 21,000

The holders of ordinary shares are entitled to receive dividends as and when declared by the Company. The ordinary
shares have no par value and carry one vote per share without restriction.

7 NON CURRENT LIABILITIES

2023 2022
S$ S$
Advances from Kaizen Management Consultancy 8,100 8,100
8,100 8,100

15
Shreeji Kosh Overseas Pte. Ltd.
(Incorporated in the Republic of Singapore)
(Company Registration Number: 201709209D)

8 FINANCIAL RISK MANAGEMENT

Risk management is integral to the whole business of the Company. The management continually monitors the
Company’s risk management process to ensure that an appropriate balance between risk and control is achieved. Risk
management policies and systems are reviewed regularly to reflect changes in market conditions and the Company’s
activities. No derivatives shall be undertaken except for the use as hedging instruments where appropriate and cost-
efficient. The Company does not apply hedge accounting.

The key financial risks include credit risk and liquidity risk. The following provide details regarding the Company’s
exposure to the risks and the objectives, policies and processes for the management of these risks:

(a) Credit risk

Credit risk is the potential loss arising from any failure by the customers or debtors to fulfil their obligations as and
when these obligations fall due.

It is the Company’s policy to provide credit terms to creditworthy customers. These debts are continually monitored and
therefore, the Company does not expect to incur material credit losses.

The carrying amounts of trade and other receivables and cash and cash equivalents represent the Company’s maximum
exposure to credit risk. The Company is exposed to major concentration of credit risk as its bank deposit is placed with a
single bank. The Company exercises reasonable care and takes adequate steps under each circumstance to ascertain that
proper actions have been taken to ensure that its trade and other receivables and cash and cash equivalents are,
generally, of acceptable credit risk to the company.

The trade receivables that are neither past due nor impaired relate to customers that the Company has assessed to be
creditworthy, based on the credit evaluation process performed by management.
(b) Liquidity risk
Liquidity risk refers to the risk that the Company will encounter difficulties in meeting its short-term obligations due to
shortage of funds.

The Company’s exposure to liquidity risk arises primarily from mismatches of maturities of financial assets and
liabilities. It is managed by matching the payment and receipt cycles.

9 FAIR VALUES

The fair value of a financial instrument is the amount at which the instrument could be exchanged or settled between the
knowledgeable and willing parties in an arm’s length transaction.
The following methods and assumptions are used to estimate the fair value of each class of financial instruments for
which it is practicable to estimate that value.
Cash and cash equivalents, other receivables and other payables

The carrying amounts of these balances approximate their fair values due to the short-term nature of these balances.

Trade receivables and trade payables

The carrying amounts of these receivables and payables approximate their fair values as they are subject to normal trade
credit terms.

16
Shreeji Kosh Overseas Pte. Ltd.
SUPPLEMENTARY STATEMENT
For the year ended on 31 March 2023

2023 2022
S$ S$
Revenue - -

Add : Indirect Income

Other Income - -
- -
Less : Indirect Cost
Bank Charges - 70
Director fees - -
Professional Fees - -
Forex Gain / Loss - -
Office Expenses - -
Hardaware Reimbursement - -
- 70

Profit / (Loss) before tax - (70)