ALISHA SNACKS PRIVATE LIMITED

CIN: U15549GJ2018PTC100441

FIFTH ANNUAL REPORT

For F.Y. 2021-2022

REGISTERED OFFICE

PLOT NO.281, GIDC, AMBAVADI, WADHWAN, SURENDRANAGAR,

SURENDRANAGAR, GUJARAT, 363035

 DIRECTORS

BARKATBHAI NOORDINBHAI VELANI Director

PARINBEN BARKATBHAI VELANI Director

AUDITORS

M/s. D.B. PATEL & CO.

Chartered Accountants

REGISTERED OFFICE

PLOT NO.281, GIDC, AMBAVADI, WADHWAN, SURENDRANAGAR,

SURENDRANAGAR, GUJARAT, 363035

 ALISHA SNACKS PRIVATE LIMITED
=======================================
[U15549GJ2018PTC100441]

NOTICE
NOTICE is hereby given that 5 Annual General Meeting of company will be held on Friday, 30th
th

September, 2022 at 11.00 A.M. at the registered office of the company situated at Kanjari - Nadiad
Road, Nr. Industrial Bank, Kanjari Nadiad Kheda, Gujarat 387325 to transact the following
business.

ORDINARY BUSINESS:

1. To receive, consider and adopt the Audited Balance Sheet as at 31st March, 2022, the Profit and
Loss Account of the Company for the year ended on that date and the reports of the Directors and
auditors thereon.

2. To Considered and if though it may fit to pass with or without modification the following
resolution as an ordinary resolution:

“RESOLVED THAT pursuant to the provisions of Section 139, 142 and other applicable
provisions, if any, of the Companies Act, 2013 (corresponding to Section 224 and other applicable
provisions, if any, of the Companies Act, 1956), M/s. D B PATEL & CO.(Firm Registration
No.133942W), Chartered Accountants, be and are hereby give his resignation and Valserve
Corporate Advisory LLP, Ahmedabad firm will be appointed as Statutory Auditors of the Company
from the conclusion of this Annual General Meeting to till the conclusion of the next Annual
General Meeting (after commencement of the Companies Act 2013), subject to ratification by the
shareholders annually, at a remuneration to be decided by the Board of Directors in consultation
with the Auditors plus applicable service tax and reimbursement of traveling and out of pocket
expenses incurred by them for the purpose of audit.

Registered Office: B/O of Board of Director:

ALISHA SNACKS PVT LTD
Kanjari - Nadiad Road,
Nr. Industrial Bank,
Kanjari Nadiad
Kheda, Gujarat 387325 SD/-
DIRECTOR,
BARKATBHAI VELANI
(DIN: 07188797)
Date: 05.09.2021

NOTES:

1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO

APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF HIMSELF AND PROXY
NEED NOT BE A MEMBER.

2. PROXY IN ORDER TO BE VALID MUST BE RECEIVED BY THE COMPANY NOT LESS

THAN FORTY-EIGHT HOURS BEFORE THE TIME OF HOLDING THE MEETING.
 DIRECTOR’S REPORT

Dear Members,

Your Directors have pleasure to present this fifth Annual report on the affairs of the Company
together with the Audited Statement of Accounts for the year ended on 31st March, 2022.

1. Financial Summary or performance of the company:

(Amount in Rs.)

PARTICULARS YEAR ENDED YEAR ENDED

31.03.2022 31.03.2021
Revenue During the year 69,76,48,744.00 37,09,19,701.00
Other Income 7,55,705.00 25,02,157.00
Total Income 69,84,04,449.00 37,34,21,858.00
Profit/Loss before Financial Expenses, Preliminary 5,14,12,847.00 2,39,62,035.00
expenses, Depreciation and Taxation
Less: Financial expenses 2,91,75,158.00 3,63,16,334.00
Operating profit/Loss before Preliminary expenses, 2,22,37,689.00 (1,23,54,229.00)
Depreciation & Taxation
Less: Depreciation & Preliminary expenses written 2,17,15,392.00 1,72,91,141.00
off
Profit before Taxation 5,22,297.00 (2,96,45,440.00)
Less:-
(a) current Tax 0.00 0.00
(b) Mat credit entitlement 0.00 0.00
(c) Deferred tax 0.00
(b) Tax adjustment of earlier year 0.00
Profit after Taxation 5,22,297.00 (2,96,45,440.00)
Add: Charge pursuant to the adoption of revised 0.00 0.00
Schedule II
Add: Charge on account of transitional provisions 0.00 0.00
under AS15
Add: Balance brought forward (3,82,09,770.00) (85,64,330.00)
Profit/Loss available for appropriation (3,76,87,473.00) (3,82,09,770.00)
2. Operations
The Company has reported total income of 69,76,48,744.00 for the current year as
compared to 37,09,19,701.00 in the previous year. Company has incurred Losses due to
increasing in material cost as well as Employment cost (2,96,45,440.00) in the current
year as compared to last year’s company have earn profit after tax 5,22,297.00. Board of
management will enhance its try to increasing company’s profitability for future payout and
growth of organization.
3. Report on performance and financial position of subsidiaries, associates and joint
venture companies

During the year under review, your Company did not have any subsidiary, associate and
joint venture company.
4. Transfer to reserves
The Company has not transferred any amount to general reserve from profit available for
appropriation.

5. Dividend

During the financial year your company have not declared any interim or final dividend
during the financial year.
6. Deposits
During the year under review, your Company neither accepted any deposits nor there were
any amounts outstanding at the beginning of the year which were classified as ‘Deposits’ in
terms of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of
Deposit) Rules,2014 and hence, the requirement for furnishing of details of deposits which
are not in compliance with the Chapter V of the Companies Act, 2013 is not applicable.

7. Material Changes between the date of the Board report and end of financial year.

There have been no material changes and commitments, if any, affecting the financial
position of the Company which have occurred between the end of the financial year of the
Company to which the financial statements relate and the date of the report.

8. Significant and material orders passed by the regulators or courts or tribunals

impacting the going concern status and company’s operations in future:

During the year under review there has been no such significant and material orders passed
by the regulators or courts or tribunals impacting the going concern status and company’s
operations in future.

9. Statutory Auditor & Audit Report:

M/s. D.B.PATEL & CO., Chartered Accountants, a statutory auditor of the Company having
registration number FRN No.133942W give his resignation due to his unwillingness for
continuation. M/S Valserve Corporate Advisory LLP, Ahmedabad will appointed as
statutory auditor of company for hold office from this annual general meeting to conclusion
of the next Annual General Meeting subject to the ratification of the members at every
general meeting. The Company has received a certificate from the statutory auditors to the
effect that their resignation and appointment new auditor, if made, would be within the
limits prescribed. There are no qualifications or observations or remarks made by the
Auditors in their Report except mention in clause 28 of this report.

10. Disclosures under Section 134(3)(l) of the Companies Act, 2013:

Except as disclosed elsewhere in this 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.

11. Internal Financial Controls

 The Internal Financial Controls with reference to financial statements as designed and
implemented by the Company are adequate. During the year under review, no material or
serious observation has been received from the Statutory Auditors and the Internal Auditors
of the Company on the inefficiency or inadequacy of such controls.

12. Disclosure of orders passed by regulators or courts or tribunal

No significant and material orders have been passed by any Regulator or Court or Tribunal
which can have impact on the going concern status and the Company’s operations in future.

13. Particulars of contracts or arrangements with related parties

All the transactions/contracts/arrangements of the nature as specified in Section 188(1) of

the Companies Act, 2013 entered by the Company during the year under review with related
party(ies) are in ordinary course of business and on arm’s length. The details of such
transactions/contracts/arrangements which are material (i.e., satisfying the criteria provided
in first provision of section 188(1) of the Companies Act, 2013) in nature are contained in
Annexure I attached here to in form AOC-2.

14. Particulars of loans, guarantees, investments under Section 186

The Company has not given/ made any loans, guarantees and investments under Section 186
of the Companies Act, 2013.

15. Disclosure relating to equity shares with differential rights

The Company has not issued any equity shares with differential rights during the year under
review and hence no information as per provisions of Rule 4(4) of the Companies (Share
Capital and Debenture) Rules, 2014 is furnished.

16. Disclosure relating to sweat equity shares

The Company has not issued any sweat equity shares during the year under review and
hence no information as per provisions of Rule 8(13) of the Companies (Share Capital and
Debenture) Rules,2014 is furnished.

17. Disclosure relating to Employee Stock Option Scheme and Employee Stock Purchase
Scheme

The Company does not have any Employee Stock Option Scheme or Employee Stock
Purchase Scheme. Hence no information as per the provisions of Rule 12(9) of the
Companies (Share Capital and Debenture) Rules, 2014 has been furnished.

18. Disclosures in respect of voting rights not directly exercised by employees

There are no shares held by trustees for the benefit of employees and hence no disclosure
under Rule 16(4) of the Companies (Share Capital and Debentures) Rules, 2014 has been
furnished.

19. Details of directors or key managerial personnel;

 During the financial year there were not made any appointed as an additional director in the
board of director, also there were not any changes in the board of director, not appointed and
resignation of any director in the board. Also any agencies have not appointed any nominee
director in the board.

20. Conservation of energy, technology absorption, foreign exchange earnings and outgo:
The information on conservation of energy, technology absorption and foreign exchange
earnings and outgo stipulated under Section 134(3)(m) of the Companies Act, 2013 read
with Rule, 8 of The Companies (Accounts) Rules, 2014, is annexed herewith as “Annexure
A”.

21. Corporate Social Responsibility:

The Company is not required to constitute a Corporate Social Responsibility Committee as

it does not fall within purview of Section 135(1) of the Companies Act, 2013 and hence it is
not required to formulate policy on corporate social responsibility.

22. Number of meeting of the Board:

During the year 2021-22, the Board of Directors met five time as on 25.05.2021;
23.06.2021; 01.09.2021; 15.11.2021; 25.02.2022; and 29.03.2022;

23. Directors’ Responsibility Statement:

Pursuant to the requirement under section 134(3)(C)of the Companies Act, 2013 with
respect to Directors’ Responsibility Statement, it is hereby confirmed that:
(i) In the preparation of the annual accounts for the financial year ended 31st March, 2022,
the applicable accounting standards had been followed along with proper explanation
relating to material departures;
(ii) The directors had 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, 2022 and of the profit and loss of
the company for that period;
(iii) The directors had taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act, 2013 for
safeguarding the assets of the company and for preventing and detecting fraud and other
irregularities;
(iv) The directors had prepared the annual accounts on a going concern basis; and
(vi) The directors had devised proper systems to ensure compliance with the provisions of
all applicable laws and that such systems were adequate and operating effectively.

24. Declaration by Independent Directors

The Company was not required to appoint Independent Directors under Section 149(4) and
Rule 4 of the Companies (Appointment and Qualification of Directors) Rules, 2014 hence
no declaration has been obtained.
25. Company’s policy on directors’ appointment and remuneration including criteria for
determining qualifications, positive attributes, independence of a director and other
matters provided under sub-section (3) of section 178;

The Company, being a Private Limited Company was not required to constitute a
Nomination and Remuneration Committee under Section 178(1) of the Companies Act,
2013 and Rule 6 of the Companies (Meetings of Board and its Powers) Rules, 2014 and
Stakeholders Relationship Committee under Section 178(5) of the Companies Act, 2013.
26. Particulars of Employee:

None of the employee has received remuneration exceeding the limit as stated in rule 5(2) of
the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014

27. Fraud Reporting

During the year under review no instances of fraud were reported by the Statutory Auditors
of the Company.

28. Risk Management Policy

The Board of Directors of the Company has adopted a Risk Management Policy which aims
at enhancing shareholders’ value and providing an optimum risk-reward tradeoff. The risk
management approach is based on a clear understanding of the variety of risks that the
organization faces, disciplined risk monitoring and measurement and continuous risk
assessment and mitigation measures.

AUDITORS AND THEIR REPORTS

The matters related to Auditors and their Reports are as under:

Observations of statutory auditors on financial statements for the year ended March 31,
2022: The auditor’s report does not contain any qualification, reservation or adverse remark
or disclaimer or modified opinion except mention below.

1. With reference to non-provision of gratuity and other employee benefits, the management is
of the opinion that actuarial valuation report is not feasible due to cost involved in obtaining
the report vis-à-vis size of the company.
2. The company has not got any information from the suppliers regarding their period
prescribed category. So company has bifurcated trade payable according to available
information as well as judgment of the Board. Generally company has made the payment as
per terms supply. The price is fixing as per the terms of supply. In this industry it is practice
longer credit period is provided in comparison to the period prescribed.
3. Regarding submission copy of quarterly stock, book debts and creditor’s statement, the
management informed to the shareholders there was no system of acknowledging the copy
of quarterly stock, book debts and creditor’s statement submitted to the bank and so
management has not kept the same. From now onwards management will be careful to keep
the copy of the same.
4. Regarding the takeover of Alisha Gruh Udhyog and Tanisha foods with their Bank Liability,
the management has informed to the bank but due to their internal procedure management
envisage that they will able to get the confirmation before-31-12-22.
 5. The management hereby confirms that the takeover process is started under the knowledge
of lending bankers (Axis Bank Ltd of Tanisha Foods). The company takeover the business
of Tanisha foods on 01-09-2021 and so limit sanctioned to Tanisha Foods were availed by
the company with knowledge of the bank. Official takeover permission of credit limit by
axis bank to tanisha foods is under process and management envisages the official
confirmation before 31-12-22.

EXTRACT OF THE ANNUAL RETURN IN FORM MGT-9:

Pursuant to section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies
(Management and Administration) Rules, 2014

RELATED PARTY TRANSACTIONS:

Particulars of contracts or arrangements with related parties referred to in sub-section
(1) of section 188 in the form AOC-2:

All related party transactions that were entered into during the financial year were on an
arm’s length basis and were in the ordinary course of business.

Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the
Companies (Accounts) Rules, 2014:

1. Details of contracts or arrangements or transactions not at arm’s length basis: “Attached

AOC-2

2. Details of material contracts or arrangement or transactions at arm’s length basis:

Registered Office: B/O of Board of Director:

Plot no 281, ALISHA SNACKS PVT LTD
Kanjari - Nadiad Road,
Nr. Industrial Bank,
Kanjari Nadiad
Kheda, Gujarat 387325 SD/-
DIRECTOR,
BARKATBHAI VELANI
(DIN: 07188797)
Date: 05.09.2022

Name(s) of the Nature of Duration Salient terms of Date(s) of Amount paid

related party and contracts/arr of the the contracts or approval by as advances, if
nature of angement/tra contracts arrangements the Board, if any:
relationship nsactions / or transactions any:
arrangem including the
ents/trans value, if any:
actions
NIL NIL NIL NIL NIL NIL
29. acknowledgments:

Your Directors take this opportunity to place on record their appreciation and sincere gratitude
to the Government of India, Government of Gujarat, and the Bankers to the Company for their
valuable support and look forward to their continued co-operation in the years to come.

Your Directors acknowledge the support and co-operation received from the employees and all
those who have helped in the day to day management.

Registered Office: B/O of Board of Director:

ALISHA SNACKS PVT LTD
Kanjari - Nadiad Road,
Nr. Industrial Bank,
Kanjari Nadiad
Kheda, Gujarat 387325 SD/-
DIRECTOR,
BARKATBHAI VELANI
(DIN: 07188797)
Date: 05.09.2022
 ANNEXURE – A
Information under Section 134(3)(m) of the Companies Act, 2013 read with rule 8(3) the
Companies (Accounts) Rules, 2014 and forming part of the Report of the Directors

(A) Conservation of energy-

(i) The steps taken or impact on conservation of energy: NIL (Power Unit Consumed -Nil)

(ii) The steps taken by the company for utilizing alternate sources of energy: NIL

(iii) The capital investment on energy conservation equipments: NIL

(B) Technology absorption-

(i) The efforts made towards technology absorption: NIL

(ii) The benefits derived like product improvement, cost reduction, product development or
import substitution: NIL

(iii) In case of imported technology (imported during the last three years reckoned from the
beginning of the financial year)- : NIL

(iv) The expenditure incurred on Research and Development: NIL

(C) Foreign exchange earnings and Outgo- NIL

(`in Lakhs)
Particulars 2021-2022 2020-2021
Total Foreign Exchange Received (F.O.B. Value of - -
Export)
Total Foreign Exchange used:
i) Raw Materials - -
ii) Consumable Stores - -
iii) Capital Goods - -
iv) Foreign Travels - -
v) Others - -
 FORM NO. AOC -2

(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies
(Accounts) Rules, 2014

Form for Disclosure of particulars of contracts/arrangements entered into by the company with
related parties referred to in sub section (1) of section 188 of the Companies Act, 2013 including
certain arms length transaction under third proviso thereto.

1. Details of contracts or arrangements or transactions not at Arm’s length basis.

Sr. Particulars Details

No.

a) Name (s) of the related party & nature of Barkatbhai Noordinbhai Velani (Director)
relationship
Parinben Barkatbhai Velani (Director)

b) Nature of contracts/arrangements/transaction Deposit Accepted / Rent Paid

/Remuneration/ Interest

c) Duration of the contracts/arrangements/transaction As per Contract (Subject to company Act

Provision)

d) Salient terms of the contracts or arrangements or As per Contract (Subject to company Act
transaction including the value, if any Provision)

e) Justification for entering into such contracts or Board of Director /General Meeting
arrangements or transactions’

f) Date of approval by the Board 25.05.2021

g) Amount paid as advances, if any Nil

h) Date on which the special resolution was passed in 25.05.2021

General meeting as required under first proviso to
section 188

Registered Office: B/O of Board of Director:

ALISHA SNACKS PVT LTD
Kanjari - Nadiad Road,
Nr. Industrial Bank,
Kanjari Nadiad
Kheda, Gujarat 387325 SD/-
DIRECTOR,
BARKATBHAI VELANI
(DIN: 07188797)
Date: 05.09.2022