(b) FINANCIAL RISK MANAGEMENT OBJECTIVE AND POLICIES:

The Company’s principal financial liabilities, other than derivatives, comprise loans and borrowings, trade and other payables and advances from Customers. The Company’s principal financial assets include Investment, loans and advances, trade and other receivables and cash and bank balances that derive directly from its operations. The Company is exposed to market risk, credit risk and liquidity risk. The Company’s senior management oversees the management of these risks. The Board of Directors reviews and agrees policies for managing each of these risks, which are summarized below.

Market Risk

Market risk is the risk that the fair value of future cash flows of a financial assets will fluctuate because of changes in market prices. Market risk comprises three types of risk: interest rate risk, currency risk and other price risk, such as equity price risk and commodity risk. Financial Assets affected by market risk include loans and borrowings, deposits and derivative financial instruments.

Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows ofa financial instrument will fluctuate because ofchanges in market interest rates. The Company is not expose to risk of change in market interest rates because copany has not taken any loan.

Foreign Currency Risk

Foreign currency risk is the risk that the fair value or future cash flows ofan exposure will fluctuate because ofchanges in foreign exchange rates. The Company is not exposure to the risk of changes in foreign exchange rates due to non existence of any transaction in foreign currency.

Credit Risk

Credit risk is the risk that a counter party will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables).

Trade Receivables

Customer credit risk is managed by each business unit subject to the Company’s established policy, procedures and control relating to customer credit risk management. Outstanding customer receivables are regularly monitored. An impairment analysis is performed at each reporting date on an individual basis for major clients.

Financial Instruments and Cash Deposits

Credit risk from balances with banks and financial institutions is managed by the Company’s treasury department in accordance with the Company’s policy. Investments of surplus funds are made only with approved authorities. Credit limits of all authorities are reviewed by the Management on regular basis.

The Company monitors its risk of a shortage of funds using a liquidity planning tool.The Directors of the Company is providing financial support as and when required to manage liquidity risk.The status of different financials liabilties which are expected to be settled is detailed below;

Counterparty and concentration of credit risk

Credit risk refers to the risk that counterparty will default on its contractual obligations resulting in financial loss to the company. The company is exposed to credit risk for receivables, cash and cash equivalents, short-term investments and loans and advances.

Credit risk on receivables is limited as most of the portion of receivables is pertaining to fellow subsidiairy or holding/ ultimate holding Company. The history of trade receivables shows a negligible provision for bad and doubtful debts.

None of the company’s cash equivalents are past due or impaired. Regarding trade and other receivables, and other non-current assets, there were no indications as at 31.03.2023, that defaults in payment obligations will occur.

Of the year ended 31 March, 2024 and 31 March, 2023 Trade and other receivables balance the following were past due but not impaired:

18. Capital Management

For the purpose of the Company’s capital management, capital includes issued equity capital, securities premium and all other equity reserves attributable to the equity holders of the Company. The primary objective of the Company’s capital management is to safeguard continuity, maintain a strong credit rating and healthy capital ratios in order to support its business and provide adequate return to shareholders through continuing growth.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. The funding requirement is met through a mixture of equity, internal accruals and support from Holding company.

19. Post Reporting Events

No adjusting or significant non-adjusting events have occurred between the reporting date and the date of authorisation

20. Authorisation Of Financial Statements

The financial statements for the year ended 31 March ,2023 were approved by the Board of Directors on Dated: 26th May 2023 The management and authorities have the power to amend the Financial Statements in accordance with Section 130 and 131 of The Companies Act, 2013.

21. During financial year 2019-2020 the Company has exercised the option permitted under Section 115BAA of the income tax act, 1961 as introduced by the Taxation Laws (Amendment) Act, 2019.

22. In the opinion of the Management, Current Assets, Loans and Advances are of the value stated, if realized in the ordinary course of business.

23. As per section 248 of the Companies Act, 2013, there are no balances outstanding with struck off companies.

24. Disclosures as per the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006

(a) (i) the principal amount remaining unpaid to any supplier - -

(ii) interest due thereon - -

(b) interest paid in terms of section 16 of the Micro, Small and Medium Enterprises Development Act, 2006 and - -

the amount of payment made to the supplier beyond the appointed day.

(c) interest due and payable for the period of delay in making payment other than the interest specified under the - -

Micro, Small and Medium Enterprises Development Act, 2006

(d) interest accrued and remaining unpaid - -

(e) further interest remaining due and payable even in the succeeding years for the purpose of disallowance of a - -

deductible expenditure under section 23 of the Micro, Small and Medium Enterprises Development Act,

2006.

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. This has been relied upon by the auditors.

25. The company is not having any employee in the current financial year as well as in previous year therefore no provision of Gratuity is provided.

26. The company is not having any revenue in the current financial year, hence there is no Customer.

27. All amounts in financial statements are in actuals.

28. Previous year figure has been regrouped/ reclassified whereever necessary, to make them comparable with current year figures.

As per our attached report of even date For and on behalf of the Board of Directors of

For B. Aggarwal & Co. CONTAINERWAY INTERNATIONAL LTD

Chartered Accountants FRN: 004706N

Kapil Dev Aggarwal Sanjay Sanker Deora S. L. Ganapathi

Partner Director Director

M. No. 082908 DIN No: 01417446 DIN No: 01151727

Place : Delhi Date : 15.05.2024

Abhishek Khursija Company Secretary M.No. :A60811