Documents to be obtained from Company

 Net worth Certificate of all Directors & Company . Personal ITR of Director & guarantors for last
2 years.
 As per ABS 2023 there is following Sister concern where Promoter have significant influence in
the firm Pradeep International, Neelam Garments, Balaji Enterprises & Neelam creation please
provide Pan card, Financials , Banking arrangement and details of credit facilities availed by the
these firms along with other Sister concern if any.
 CMA report mentioned Audited ABS-21 ,ABS 2022 & ABS 2023 Estimated for FY 2023-24 &
Projection for FY 2024-25 & FY 2025-26.Half Yearly Financial of the company as on 30.09.2023.
 Details of all the secured loan/ unsecured Loans taken by Bank & NBFC with Sanction letter &
Account Statement.
 Details of CA Certified Debtors age wise Classification as on 31.03.2021,31.03.2022 ,31.03.2023
and 31.10.2023. GSTR-1 from 01.04.2022 to 31.10.2023.
 Kindly provide proper details of Export sales & Domestic sales of the company along with
Domestic Debtors & Export debtors. Kindly provide details of Purchase from Inland & Import .

Justification Sought from the Company

 Present status of Contingent Liabilities of Rs. 4,55,01,724/- is on account of demand under
section 143(3) for the Assessment year 17-18 pending before H’ble CIT(A).
 Case Pending with DRT with Kotak Mahindra Bank amounted Rs. 1,11,87,923/- not
acknowledged as debtors please provide history of case ,detail communication & justification of
company in this regards & present status of the case.
 Why there is a difference in P & L and Balance-sheet as in ABS 2022 & Revised during ABS
2023. It is observed that Reserve surplus 16.95 crores while same is decreased to 15.32 crores
as on 31.03.2022 (ABS 2022 in FY 2023) Opening Profit is also changed
 Imperial Linens is Related Party? Having concentration of more than 50% of debtors. What is
Debtors in related party an amount of Rs. 3.84 crores.
 What is Trade licenses in sales component.
 Loan from Directors & Relatives was 1939.60 lacs as on 31.03.2022 same is withdraw to Rs.
12.67 lacs as on 31.03.2023 & Fresh Term Loan obtained from Banks Rs. 1945.29 lacs?
 How much percentage of Export in Total Revenue of the company & How much Import in the
Purchase of company.
 Top 10 Debtors & Creditors of the company with Address & Promoters and Percentage of
business (Sales/Purchase with them)
 As per ABS 2022 & ABS 2023 cash credit facility was stood at Rs. 1.95 crores & Rs. 17.14 crores
respectively as on 31.03.2022 & 31.03.2023 & Export credit facility stood at Rs. 21.50 crores &
Rs. 9.22 crores while it is inform that company have major Export sales please justify.
 It is observed that company has issued Preferential shares of Rs. 1.20 crores as on 31.03.2023
However it is not mentioned in note whether it is repayable in what period, convertible or Non
Convertible kindly mention.