null
Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[400100] Disclosure of general information about company
Unless otherwise specified, all monetary values are in INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Corporate identity number U74999DL2018PTC335234
Permanent account number of entity AAJCP9289N
Address of registered office of company
Unit No. 1101, 11th Floor,
Pearls Omaxe Tower-1
Netaji Subhash Place,
Pitampura, Delhi-110034
Type of industry
C o m m e r c i a l a n d
Industrial
Registration date 13/06/2018
Whether company is listed company No
Date of board meeting when final accounts were approved 04/11/2021
Date of start of reporting period 01/04/2020 01/04/2019
Date of end of reporting period 31/03/2021 31/03/2020
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other
relevant books and papers in electronic form
No
Disclosure of principal product or services [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Types of principal product or services [Axis] 1
01/04/2020
to
31/03/2021
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 9961
Description of product or service category
Wholesale Trade via
E-Commerce
Turnover of product or service category 1,315,66,60,190
Highest turnover contributing product or service (ITC 8 digit) code 99611841
Description of product or service
Wholesale Trade via
E-Commerce
Turnover of highest contributing product or service 1,315,66,60,190

2
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[400400] Disclosures - Directors report
Details of shareholding pattern of directors and key managerial personnel [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Directors and key managerial personnel [Axis] 1 2
Change in shareholding [Axis]
Cumulative shareholding during year
[Member]
Cumulative shareholding during year
[Member]
01/04/2020
to
31/03/2021
31/03/2020
01/04/2020
to
31/03/2021
31/03/2020
Total number of shares held at end of period [shares] 25,000 [shares] 25,000 [shares] 25,000 [shares] 25,000
Percentage of total shares held at end of period 50.00% 50.00% 50.00% 50.00%
Total number of shares held at end of period [shares] 25,000 [shares] 25,000 [shares] 25,000 [shares] 25,000
Percentage of total shares held at end of period 50.00% 50.00% 50.00% 50.00%
Total number of shares held at end of period [shares] 25,000 [shares] 25,000 [shares] 25,000 [shares] 25,000
Percentage of total shares held at end of
period
50.00% 50.00% 50.00% 50.00%
Total number of shares held at end of period [shares] 25,000 [shares] 25,000 [shares] 25,000 [shares] 25,000
Percentage of total shares held at end of period 50.00% 50.00% 50.00% 50.00%
Details of shareholding pattern of directors
and key managerial personnel [Abstract]
Details of shareholding pattern of
directors and key managerial personnel
[LineItems]
Name of directors and key managerial
personnel
Amit Kumar Sharma Dileep Kumar Sharma
Total number of shares held at end of period [shares] 25,000 [shares] 25,000 [shares] 25,000 [shares] 25,000
Percentage of total shares held at end of
period
50.00% 50.00% 50.00% 50.00%
Details of increase (decrease) in directors
and key managerial personnel shareholding
during year [TextBlock]
0 0
Details of indebtedness of company [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Indebtedness [Axis] Indebtedness [Member] Unsecured loans [Member]
01/04/2020
to
31/03/2021
31/03/2020
01/04/2020
to
31/03/2021
31/03/2020
Details of indebtedness of company [Abstract]
Details of indebtedness of company [LineItems]
Changes in indebtedness [Abstract]
Reduction in indebtedness 7,89,500 7,89,500
Total changes in indebtedness -7,89,500 -7,89,500
Principal amount at end of financial year 2,50,000 10,39,500 2,50,000 10,39,500
Interest due but not paid at end of financial
year
0 0 0 0
Interest accrued but not due at end of
financial year
0 0 0 0
Total indebtedness at end of financial year 2,50,000 10,39,500 2,50,000 10,39,500

3
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Details of shareholding of promoters [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Promoters [Axis] 1 2
01/04/2020
to
31/03/2021
31/03/2020
01/04/2020
to
31/03/2021
31/03/2020
Total number of shares held at end of period [shares] 25,000 [shares] 25,000 [shares] 25,000 [shares] 25,000
Percentage of total shares held at end of period 50.00% 50.00% 50.00% 50.00%
Percentage of change in shares held during year 0.00% 0.00%
Details of shareholding of promoters [Abstract]
Details of shareholding of promoters [LineItems]
Shareholder’s name Amit Kumar Sharma Dileep Kumar Sharma
Total number of shares held at end of period [shares] 25,000 [shares] 25,000 [shares] 25,000 [shares] 25,000
Percentage of total shares held at end of period 50.00% 50.00% 50.00% 50.00%
Percentage of change in shares held during year 0.00% 0.00%
Total number of shares held at end of period [shares] 25,000 [shares] 25,000 [shares] 25,000 [shares] 25,000
Percentage of total shares held at end of
period
50.00% 50.00% 50.00% 50.00%
Total number of shares held at end of period [shares] 25,000 [shares] 25,000 [shares] 25,000 [shares] 25,000
Percentage of total shares held at end of period 50.00% 50.00% 50.00% 50.00%
Total number of shares held at end of period [shares] 25,000 [shares] 25,000 [shares] 25,000 [shares] 25,000
Percentage of total shares held at end of
period
50.00% 50.00% 50.00% 50.00%
Details of shareholding pattern [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Shareholding pattern [Axis] Shareholders [Member] Promoters [Member]
01/04/2020
to
31/03/2021
31/03/2020
01/04/2020
to
31/03/2021
31/03/2020
Details of shareholding pattern [Abstract]
Details of shareholding pattern [LineItems]
Number of demat shares held at end of period [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of physical shares held end of period [shares] 50,000 [shares] 50,000 [shares] 50,000 [shares] 50,000
Total number of shares held at end of period [shares] 50,000 [shares] 50,000 [shares] 50,000 [shares] 50,000
Percentage of total shares held at end of period 100.00% 100.00% 100.00% 100.00%
Percentage of change in shares held during year 0.00% 0.00%
Total number of shares held at end of period [shares] 50,000 [shares] 50,000 [shares] 50,000 [shares] 50,000
Percentage of total shares held at end of period 100.00% 100.00% 100.00% 100.00%
Percentage of change in shares held during year 0.00% 0.00%
Total number of shares held at end of period [shares] 50,000 [shares] 50,000 [shares] 50,000 [shares] 50,000
Percentage of total shares held at end of
period
100.00% 100.00% 100.00% 100.00%
Total number of shares held at end of period [shares] 50,000 [shares] 50,000 [shares] 50,000 [shares] 50,000
Percentage of total shares held at end of period 100.00% 100.00% 100.00% 100.00%
Total number of shares held at end of period [shares] 50,000 [shares] 50,000 [shares] 50,000 [shares] 50,000
Percentage of total shares held at end of
period
100.00% 100.00% 100.00% 100.00%

4
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Details of shareholding pattern [Table] ..(2)
Unless otherwise specified, all monetary values are in INR
Shareholding pattern [Axis] Indian [Member] Individual/HUF [Member]
01/04/2020
to
31/03/2021
31/03/2020
01/04/2020
to
31/03/2021
31/03/2020
Details of shareholding pattern [Abstract]
Details of shareholding pattern [LineItems]
Number of demat shares held at end of period [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of physical shares held end of period [shares] 50,000 [shares] 50,000 [shares] 50,000 [shares] 50,000
Total number of shares held at end of period [shares] 50,000 [shares] 50,000 [shares] 50,000 [shares] 50,000
Percentage of total shares held at end of period 100.00% 100.00% 100.00% 100.00%
Percentage of change in shares held during year 0.00% 0.00%
Total number of shares held at end of period [shares] 50,000 [shares] 50,000 [shares] 50,000 [shares] 50,000
Percentage of total shares held at end of period 100.00% 100.00% 100.00% 100.00%
Percentage of change in shares held during year 0.00% 0.00%
Total number of shares held at end of period [shares] 50,000 [shares] 50,000 [shares] 50,000 [shares] 50,000
Percentage of total shares held at end of
period
100.00% 100.00% 100.00% 100.00%
Total number of shares held at end of period [shares] 50,000 [shares] 50,000 [shares] 50,000 [shares] 50,000
Percentage of total shares held at end of period 100.00% 100.00% 100.00% 100.00%
Total number of shares held at end of period [shares] 50,000 [shares] 50,000 [shares] 50,000 [shares] 50,000
Percentage of total shares held at end of
period
100.00% 100.00% 100.00% 100.00%
Details of directors signing board report [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Directors signing board report [Axis] 1 2
01/04/2020
to
31/03/2021
01/04/2020
to
31/03/2021
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director Dileep Ashish
Middle name of director Kumar
Last name of director Sharma Chaudhry
Designation of director Director Director
Director identification number of director 08042827 08818560
Date of signing board report 04/11/2021 04/11/2021
Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Principal business activities of company [Axis]
Product/service 1
[Member]
01/04/2020
to
31/03/2021
Details of principal business activities contributing 10% or more of total turnover of company [Abstract]
Details of principal business activities contributing 10% or more of total turnover of company
[LineItems]
Name of main product/service Wholesale trade
Description of main product/service e-commerce
NIC code of product/service 46901
Percentage to total turnover of company 98.83%

5
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Unless otherwise specified, all monetary values are in INR
01/04/2020
to
31/03/2021
Disclosure in board of directors report explanatory [TextBlock]
Textual information (1)
[See below]
Description of state of companies affair
Textual information (2)
[See below]
Disclosure relating to amounts if any which is proposed to carry to any
reserves
Textual information (3)
[See below]
Disclosures relating to amount recommended to be paid as dividend
The Board does not
recommend any dividend
for the financial year
ended March 31, 2021.
Details regarding energy conservation Not Applicable
Details regarding technology absorption Not Applicable
Details regarding foreign exchange earnings and outgo Not Applicable
Disclosures in director’s responsibility statement
Textual information (4)
[See below]
Details of material changes and commitment occurred during period
affecting financial position of company
No material changes and
commitments have
occurred during the
period commencing from
April 01, 2020 and the date
of this report which have
an impact on the financial
position of the Company
Particulars of loans guarantee investment under section 186 [TextBlock]
Textual information (5)
[See below]
Particulars of contracts/arrangements with related parties under section
188(1) [TextBlock]
Textual information (6)
[See below]
Whether there are contracts/arrangements/transactions not at arm's
length basis
No
Whether there are material contracts/arrangements/transactions at
arm's length basis
No
Date of board of directors' meeting in which board's report referred
to under section 134 was approved
04/11/2021
Disclosure of extract of annual return as provided under section 92(3)
[TextBlock]
Textual information (7)
[See below]
Details of change in promoters shareholding [TextBlock]
Details of shareholding pattern of directors and key managerial
personnel [TextBlock]
Disclosure of statement on declaration given by independent directors
under section 149(6) [TextBlock]
Textual information (8)
[See below]
Disclosure for companies covered under section 178(1) on
directors appointment and remuneration including other matters
provided under section 178(3) [TextBlock]
Textual information (9)
[See below]
Disclosure of statement on development and implementation of risk
management policy [TextBlock]
T h e
Company does not have any
Risk Management Policy
as the elements of risk
threatening the Companys
existence are very
minimal
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year
[TextBlock]
Textual information (10)
[See below]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Disclosure of financial summary or highlights [TextBlock]
A s p e r
Attached Director
Report
Disclosure of change in nature of business [TextBlock]
T h e r e h a s
been no change in the
nature of business of the
Company during the
financial year ended on
M a r c h 3 1 ,
2021
Details of directors or key managerial personnels who were
appointed or have resigned during year [TextBlock]
Textual information (11)
[See below]

6
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of companies which have become or ceased to be its
subsidiaries, joint ventures or associate companies during
year [TextBlock]
D u r i n g t h e
year under review, there
were no such companies
which become or ceased to
be its Subsidiary, Joint
Venture or Associate
Company.
Details relating to deposits covered under chapter v of companies act
[TextBlock]
Textual information (12)
[See below]
Details of deposits which are not in compliance with requirements
of chapter v of act [TextBlock]
Textual information (13)
[See below]
Details of significant and material orders passed by
regulators or courts or tribunals impacting going concern
status and company’s operations in future [TextBlock]
Textual information (14)
[See below]
Details regarding adequacy of internal financial controls with
reference to financial statements [TextBlock]
Textual information (15)
[See below]
Disclosure of appointment and remuneration of managerial personnels
[TextBlock]
Textual information (16)
[See below]
Number of meetings of board 6

7
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (1)
Disclosure in board of directors report explanatory [Text Block]
BOARD REPORT
Dear Shareholders,
Your directors have pleasure in presenting the third Annual Report on the business operations of the Company along with the audited financial
statements for the financial year ended 31 st March, 2021.
General
Your Company was incorporated on 13 th June, 2018 as a Private Limited Company, under the provisions of the Companies Act, 2013. The
Company is engaged in business of digital payments, Prepaid Cards etc.
Financial Results
The Companys financial performances for the year under review are given hereunder:
PARTICULARS
Current F/Y
2020-21 (Amt. in Rs.)
Previous F/Y
2019-20 (Amt. in Rs.)
Revenue from Operations 1315,66,60,190 237,34,36,955
Other Income 2166 881
Total Revenue 1315,66,62,356 237,34,37,836
Total Expenses 1313,59,89,976 236,29,15,219
Profit/(Loss) before exceptional items and tax 2,06,72,380 1,05,22,617
Exceptional items - -
Profit/(Loss) after exceptional items and before tax 2,06,72,380 1,05,22,617
Less: Tax expense:
(1) Current tax 52,56,496 26,13,075
(2) Deferred tax 9,550 -
Net Profit/(Loss) for the period 1,54,06,334 79,09,542
Earnings per Share (Basic & Diluted) 308 158

8
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Operations and State of Affairs of the Company
The sales of the Company during the year under review were ? 1315,66,60,190 as compared to ? 237,34,36,955 for the previous year. The
Company has made net profit after tax of ? 1,54,06,334 as against previous years loss of ? 79,09,542. The turnover achieved by the Company may
be considered as satisfactory considering the overall market conditions.
Change in the Nature of Business
There has been no change in the nature of business of the Company during the financial year ended on March 31, 2021.
Subsidiary, Joint-Venture and Associate Companies
During the year under review, there were no such companies which become or ceased to be its Subsidiary, Joint Venture or Associate Company.
Deposits

9
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
The Company has not accepted any deposits under Chapter V of the Companies Act, 2013.
However as per the first proviso of rule 2(c) (viii) of The Companies (Acceptance of Deposits) Rules, 2014, during the year under review, the
company has outstanding loan from its directors, balances as on 31st March 2021 are as under:
S. No. Name of Director Amount (as on 31st March, 2021)
1. Dileep Kumar Sharma Rs. 2,5 0,000
Transfer to Reserves
Amount of profit of Rs. 1 , 54 , 06 , 334 has been transferred to reserves of the Company during the financial year under review. It is not proposed
to carry or transfer any amount to any other reserves such as Taxation Reserves, Investment Reserves, Foreign Currency Translation Reserve or
other Specific Reserves from the profits of the Company. Hence, disclosure under Section 134 (3) (j) of the Companies act, 2013 is not required.
Dividend
The Board does not recommend any dividend for the financial year ended March 31, 2021.
Directors Responsibility Statement
As required under the provisions of Section 134 of the Companies Act, 2013, your Directors hereby confirm that:
In the preparation of the annual accounts for the financial year ended March 31, 2021, the applicable accounting standards have been followed
along with proper explanation relating to material departures;
(ii)The Directors have 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 at the end of the financial year and of the profit or loss of the
Company for the period ended March 31, 2021;
(iii)The Directors have 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 have prepared the annual accounts for the financial year ended March 31, 2021, on a going concern basis; and
(v)The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate
and operating effectively.
Directors and Key Managerial Personnel
The details of directors or key managerial personnel of the Company as on date are as follows:
S. No. Name of the Director Designation Date of Appointment Date of Resignation
1. Amit Kumar Sharma Director 13/06/2018 11/08/2021
2. Dileep Kumar Sharma Director 13/06/2018 Not Applicable
3. Ashish Chaudhry Director 01/08/2020 Not Applicable
The Company is not required to appoint Independent Directors and Key Managerial Personnel during the period under review as the Company
doesnt meet the criteria laid down in the Companies Act, 2013 read with applicable rules.
Statutory Auditors
At the Annual General Meeting of the Company held on 30 th day of December, 2019, M/s Ashok Ram & Co., Chartered Accountants, New
Delhi bearing ICAI Firm registration No. 020673N, were appointed as statutory auditors of the Company in accordance with the provision of
Section 139 of the Companies Act, 2013 to hold office for a period of 5 years i.e. till the conclusion of the Annual General Meeting to be held for
the financial year ended on 31st March 2024 at such remuneration to be decided by the Board.
Further, M/s Ashok Ram & Co., Chartered Accountants, New Delhi (FRN: 020673N), confirmed their eligibility and willingness to act as the
Statutory Auditors of the Company for the financial year 2021-22, as per the provisions of the Companies Act, 2013.
Statutory Auditors Report
The Statutory Auditors have provided an unqualified Auditors Report. Your directors are therefore, not required to provide any explanations as

10
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
prescribed under Section 134 of the Companies Act, 2013.
Board Meetings

11
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
The Company had conducted 6 (Six) Board Meetings as per the provisions of Section 173 of the Companies Act, 2013 during the financial year
commenced from April 01, 2020 and ended on March 31, 2021, the details of which are given in the table herein below:
S No Date of Meeting Board Strength No. of Directors Present
1. 15.06.2020 Two Two
2. 01.08.2020 Two Two
3. 0 3.08.2020 Three Three
4. 21.11.2020 Three Three
5. 01.02.2021 Three Three
6. 04.03.2021 Three Three
Capital
During the financial year under review, the authorized share capital remained at Rs. 10,00,000/- (Rupees Ten Lakhs only) divided into
1,00,000 equity shares of face value of Rs. 10/- each and the paid-up equity share capital of the Company remained at Rs. 5,00,000/- (Rupees Five
Lakh only) divided into 50,000 equity shares of face value of Rs. 10/- each.
Employees Stock Option Scheme (ESOPs)
The Company has not granted any shares to its employees under a scheme of employees stock option during the year.
Particulars of Remuneration
As required by provisions of Rule 5(2) of the Companies (Appointment and Remuneration of Managerial personnel), Amendment Rules, 2016,
there is no employee who is in receipt of a remuneration of Rs. 1,02,00,000/- per year, if employed for the whole year or Rs. 8,50,000/- per
month, if employed for the part of the year.
Loans, Guarantees and Investments
During the year under review the Company has made investment of Rs. 3,99,99,996 in equity instrument of Company Appint Technologies
Private Limited in compliance of Section 186 of the Companies Act, 2013.
Contracts or Arrangements with Related Parties referred to in Section 188(1)
All transactions entered by the Company during the financial year withrelatedparties were in the ordinary course of business and on an arms
length basis. Thus, the provisions of Section 188(1) of the Companies Act, 2013 are not applicable. During the year, the Company has not entered
into any contract / arrangement / transaction of material nature with any of therelatedparties which are in conflict with the interest of the
Company.Relatedparty disclosures are given in the notes to the financial statement.
Material Changes and Commitments since April 01, 2020 till date
No material changes and commitments have occurred during the period commencing from April 01, 2020 and the date of this report which have
an impact on the financial position of the Company.
Committees of the Board and Policies
The Company is not required to constitute Audit Committee, Nomination and Remuneration Committee & Corporate Social Responsibility
Committee of the Board, as the Company does not meet the criteria laid down for mandatorily forming such committees as per the requirement of
Companies Act, 2013 read with rules made thereunder. Accordingly, the Company was not required to frame Vigil Mechanism/Whistle Blower
Policy, Nomination and Remuneration Policy and Corporate Social Responsibility policy.
Risk Management Policy
The Company does not have any Risk Management Policy as the elements of risk threatening the Companys existence are very minimal.
Internal Financial Controls

12
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
The Company has in place an adequate internal financial controls system over financial reporting and the operating effectiveness of such controls
for the period under review.
Corporate Social Responsibility (CSR)
The provisions of Section 135 of the Companies Act, 2013 and Companies (Corporate Social Responsibility Policy) Rules, 2014 framed
thereunder are not applicable on the Company.
Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo

13
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Conservation of Energy
S. No. Particulars Information
1. The steps taken or impact on conservation of energy [Not Applicable]
2. The steps taken by the Company for utilizing alternate sources of energy [Not Applicable]
3. The capital investment on energy conservation equipment [Not Applicable]
Technology absorption
S.
No.
Particulars Information
1. The efforts made towards technology absorption
[Not
Applicable]
2. The benefits derived like product improvement, cost reduction, product development or import substitution
[Not
Applicable]
3.
In case of imported technology (imported during the last three years reckoned from the beginning of the
financial year under review)
the details of technology imported
the year of import
whether the technology been fully absorbed
if not fully absorbed, areas where absorption has not taken place, and the reasons thereof
[Not
Applicable]
4. The expenditure incurred on Research and Development
[Not
Applicable]
Foreign Exchange Earnings and Outgo
The particulars of foreign exchange earned (in terms of actual inflows) and foreign exchange outgo (in terms of actual outflows) during the period
under review are furnished herein below:
Foreign Exchange Earned :Nil
Foreign Exchange Used: Nil
Significant and Material Orders
During the period under review, no significant or material orders were passed by the regulators or courts or tribunals impacting the going concern
status and Companys operations in future.
Disclosure as per the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013
There were no complaints reported under the Prevention of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal)
Act, 2013.
Acknowledgement
We take the opportunity to express our deep sense of gratitude to the Companys bankers, government agencies, shareholders, customers and other
statutory authorities. We would like to place on record our appreciation of the sincere efforts made by the employees at all levels of the
organization.

14
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
By the order of the Board
For Prepay Payment Services Private Limited
Dileep Kumar Sharma Date: 04.11.2021
DirectorPlace: New Delhi
08042827
DIN:
Address: A3/26, Alok Kunj, Sector-15,
Rohini, Delhi -110089
Ashish Chaudhry
Director
DIN: 08818560
Address: D-2/14, Vashisht Park, Pankha Road
Opposite Janak Cinema, Nangal Raya
Delhi-110046
Annexure I
Form MGT9
EXTRACT OF ANNUAL RETURN
As on the financial year ended on March 31, 2020
(Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the
Companies (Management and Administration) Rules, 2014)
_________________________________________________________________________________________
REGISTRATION AND OTHER DETAIL
CIN : U74999DL2018PTC335234
Registration date : 13.06.2018
Name of the company : Prepay Payment Services Private Limited
Category/Sub-Category of the Company : Company Limited by Shares/Indian Non-Government Company
Address of the registered office : Unit No. 306, 3rd Floor, RG Trade Tower, Netaji Subhash Place, Pitampura, Delhi - 110034
Contact details :
Telephone: 91-8130285032
Fax: Nil
Website: Nil
Whether listed company : No
Name, Address and Contact details of the Registrar and Transfer Agent, if any: Not Applicable
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

15
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
All the business activities contributing 10% or more of the total turnover of the company shall be stated:
S. No. Name and Description of main products/services NIC Code of the Product/service % to total turnover of the company
1. Wholesale trade via e-commerce 46901 98.83% Approx
PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES:
S. No. Name and address of the company CIN/ GLN
Holding/ Subsidiary/
Associate
% of shares held Applicable section
1. Nil Nil Nil Nil Nil
SHARE HOLDING PATTERN (Equity share capital breakup as percentage of total equity)
Category-wise share holding
Category of
Shareholders
No. of shares held at the beginning of the
year
No. of shares held at the end of the
year
% change during the
year
Demat Physical Total
% of Total
shares
Demat Physical Total
% of
total
shares
50000
Nil
Nil
Nil
Nil
Nil
50000
Nil
Nil
Nil
Nil
Nil
Nil
50000
Nil
Nil
Nil
Nil
Nil
50000
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil

16
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Promoters
Indian
Individual/ HUF
Central Govt.
State Govt.(s)
Bodies Corp.
Banks/FI
Any other
Sub(total)
(1):-
Foreign
NRIs-Individuals
Other-Individuals
Bodies Corp.
Banks/FI
Any other
Sub(total)
(2):-
Total Shareholding of Promoter (A)=(A)(1)+(A)(2)
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
50000
Nil
Nil
Nil
Nil
Nil
50000
Nil
Nil
Nil
Nil
Nil
Nil
50000
100%
Nil
Nil
Nil
Nil
Nil
100%
Nil
Nil
Nil
Nil
Nil
Nil
100%
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
50000
Nil
Nil
Nil
Nil
Nil
50000
Nil
Nil
Nil
Nil
Nil
Nil
50000
100%
Nil
Nil
Nil
Nil
Nil
100%
Nil
Nil
Nil
Nil
Nil
Nil
100%
Nil
Nil
Nil

17
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
50000 50000
Nil
Public Shareholding
Institutions
Mutual Funds
Banks/FI
Central Govt
State Govt(s)
Venture Capital Funds
Insurance Companies
FIIs
Foreign Venture Capital Funds
Others(specify)
Sub(total)
(1):-
Not applicable
2.Non-Institutions
Bodies Corp.
Indian
Overseas
Individuals
Individuals shareholders holding nominal share capital upto
Rs. 1 Lakh
Individuals shareholders holding nominal share
capital in excess of Rs. 1 Lakh
(c) Others(specify)
Sub(total)
(2):-N
Total Public Shareholding
( B)=(B)(1)+(B)(2)
Shares held by Custodian for GDRs & ADRs
Grand Total
(A+B+C)
Nil 50000
50000
100% Nil 50000
50000
100% Nil
(ii) Shareholding of Promoters
S. No Shareholders Name Shareholding at the beginning of the year Shareholding at the end of the year
No. of
shares
% of total
shares of the
company
% of shares
pledged/encumbered
to total shares
No. of
shares
% of total
shares of the
company
% of shares
pledged/encumbered
to total shares
% change in
shareholding
during the year
1.
Amit
Kumar
Sharma
25,000 50% Nil 25,000 50% Nil Nil

18
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
2.
Dileep
Kumar
Sharma
25,000 50% Nil 25,000 50% Nil Nil
Change in Promoters Shareholding (please specify if there is any change):
S. No. Shareholding at the beginning of the year Cumulative Shareholding during the year
No. of
Shares
% of total
Shares of the
company
No. of
Shares
% of total
Shares of the
company
At the beginning of the year
Data-wise increase/decrease in promoters shareholding during the year
specifying the reasons for increase/decrease(e.g.
allotment/transfer/bonus/sweat equity etc):
No change
At the end of the year(or on the date of separation, if separated during the year
Shareholding pattern of top ten shareholders (other than directors, promoters and holders of GDRs & ADRs
S. No. Shareholding at the beginning of the year Cumulative shareholding during the year
For each of the top 10 shareholders
No. of
shares
% of total
shares of the
company
No. of
shares
% of total
shares of the
company
At the beginning of the year
Data wise increase/decrease in shareholding during the year specifying the
reasons for increase/decrease(e.g. allotment/transfer/bonus/sweat equity etc):
Not applicable
IL
At the end of the year(or on the date of separation, if separated during the
year
Shareholding of Directors and Key Managerial Personnel
Shareholding at the beginning of the year Cumulative shareholding during the year

19
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
For each of the Directors and KMP No. of shares
% of total
shares of the
Company
No. of
shares
% of total
shares of the
Company
At the beginning of the year
Amit Kumar
Sharma 25,000
Shares
Dileep Kumar
Sharma 25,000
Shares
50 %
50 %
NA NA
Data wise increase/decrease in shareholding during the year
specifying the reasons for increase/decrease(e.g.
allotment/transfer/bonus/sweat equity etc):
NA
NA
NA
NA
At the end of the year
Amit Kumar
Sharma 25,000
Shares
Dileep Kumar
Sharma 25,000
Shares
50 %
50 %
NA NA
INDEBTEDNESS
Indebtedness of the Company including interest outstanding/accrued but not due for payment
Secured loans excluding
deposits
Unsecured
loans
Deposits
Total
indebtedness
Indebtedness at the beginning of the financial
year
Principal Amount
Interest due but not paid
Interest accrued but not due
NIL
NIL
NIL
10,39,500
NIL
NIL
NIL
NIL
NIL
10,39,500
NIL
NIL
Total (i+ii+iii) NIL 10,39,500 NIL 10,39,500
Change in indebtedness during the financial year
Addition
Reduction
NIL
NIL
NIL
7,89,500
NIL
NIL
NIL
7,89,500
Net Change NIL 7,89,500 NIL 7,89,500
Indebtedness at the end of the financial year

20
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Principal Amount
NIL
NIL
2,50,000
NIL
NIL
NIL
2,50,000
NIL

21
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Interest due but not paid
Interest accrued but not due NIL NIL NIL NIL
Total (i+ii+iii) NIL 2,50,000 NIL 2,50,000
REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
Remuneration To Managing Director, Whole-Time Directors And/ Or Manager
S.
No.
Particulars of remuneration
Name of
MD/WTD/Manager
Total Amount
(In Rs.)
Amit Kumar Sharma
Dileep Kumar
Sharma
Ashish
Chaudhry
1.
Gross salary
Salary as per provisions contained in section 17(1) of the
Income Tax Act, 1961
Value of perquisites u/s 17(2) Income-Tax Act, 1961
Profits in lieu of salary under section 17(3) Income Tax
Act,1961
5,57,500 2,40,000 8,00,000 15,97,500/-
2. Stock Option NIL NIL NIL NIL
3. Sweat Equity NIL NIL NIL NIL
4.
Commission
as % of profit
others, specify
NIL NIL NIL NIL
5. Others, please specify NIL NIL NIL NIL
Total (A) 5,57,500 2,40,000 8,00,000 15,97,500/-
Ceiling as per the Act NA NA NA NA
Remuneration to other directors
S. No. Particulars of remuneration Name of directors Total amount

22
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021

23
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Independent Directors
Fee for attending board/ committee meetings
Commission
Others, please specify
Total (1)
Other Non-Executive Directors
Fee for attending board committee meetings
Commission
Others, please specify
NIL
Total (2)
Total (B)=(1+2)
Total Managerial Remuneration
Overall Ceiling as per the Act
Remuneration to Key Managerial Personnel other than MD/Manager/WTD
S. No. Particulars of remuneration Key Managerial Personnel
CEO
Company
Secretary
CFO Total
1.
Gross Salary
Salary as per provisions contained in section 17(1) of the Income-tax
Act,1961
Value of perquisites u/s 17(2) Income Tax Act,1961
Profits in lieu of salary under section 17(3) Income Tax Act,1961
Not
Applicable
Not Applicable
Not
Applicable
2. Stock Option
3. Sweat Equity
4.
Commission
as % of profit
Others, specify
5. Others, please specify

24
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Total
PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES
Type
Section of the
Companies Act
Brief
description
Details of
Penalty/Punishment/Compounding fees
imposed
Authority
(RD/NCLT/Court)
Appeal made, if
any(give details)
COMPANY
Penalty
Punishment
Compounding NIL
B.DIRECTORS
Penalty
Punishment
Compounding
C.OTHER OFFICERS IN DEFAULT
Penalty
Punishment NIL
Compounding
For and on behalf of the Board
Prepay Payment Services Private Limited
Dileep Kumar Sharma Date: 04.11.2021
Director Place: New Delhi

25
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
08042827
DIN:
Address: A3/26, Alok Kunj, Sector-15,
Rohini, Delhi -110089
Ashish Chaudhry
Director
DIN: 08818560
Address: D-2/14, Vashisht Park, Pankha Road
Opposite Janak Cinema, Nangal Raya
Delhi-110046
Textual information (2)
Description of state of companies affair
The sales of the Company during the year under review were 1315,66,60,190 as compared to 237,34,36,955 for the previous year. The Company
has made net profit after tax of 1,54,06,334 as against previous years loss of 79,09,542. The turnover achieved by the Company may be
considered as satisfactory considering the overall market conditions
Textual information (3)
Disclosure relating to amounts if any which is proposed to carry to any reserves
Amount of profit of Rs. 1,54,06,334 has been transferred to reserves of the Company during the financial year under review. It is not proposed to
carry or transfer any amount to any other reserves such as Taxation Reserves, Investment Reserves, Foreign Currency Translation Reserve or
other Specific Reserves from the profits of the Company. Hence, disclosure under Section 134 (3) (j) of the Companies act, 2013 is not required.
Textual information (4)
Disclosures in director’s responsibility statement
As required under the provisions of Section 134 of the Companies Act, 2013, your Directors hereby confirm that: (i)In the preparation of the
annual accounts for the financial year ended March 31, 2021, the applicable accounting standards have been followed along with proper
explanation relating to material departures; (ii)The Directors have 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 at the end of the
financial year and of the profit or loss of the Company for the period ended March 31, 2021; (iii)The Directors have 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 have prepared the annual accounts for
the financial year ended March 31, 2021, on a going concern basis; and (v)The Directors have devised proper systems to ensure compliance with
the provisions of all applicable laws and that such systems are adequate and operating effectively.
Textual information (5)
Particulars of loans guarantee investment under section 186 [Text Block]
During the year under review the Company has made investment of Rs. 3,99,99,996 in equity instrument of Company Appint Technologies
Private Limited in compliance of Section 186 of the Companies Act, 2013.
Textual information (6)
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
All transactions entered by the Company during the financial year withrelatedparties were in the ordinary course of business and on an arms
length basis. Thus, the provisions of Section 188(1) of the Companies Act, 2013 are not applicable. During the year, the Company has not entered
into any contract / arrangement / transaction of material nature with any of therelatedparties which are in conflict with the interest of the
Company.Relatedparty disclosures are given in the notes to the financial statement.

26
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (7)
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
Annexure I
Form MGT9
EXTRACT OF ANNUAL RETURN
As on the financial year ended on March 31, 2020
(Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the
Companies (Management and Administration) Rules, 2014)
_________________________________________________________________________________________
I. REGISTRATION AND OTHER DETAIL
(i) CIN: U74999DL2018PTC335234
(ii) Registration date: 13.06.2018
(iii) Name of the company: Prepay Payment Services Private Limited
(iv) Category/Sub-Category of the Company: Company Limited by Shares/Indian Non-Government Company
(v) Address of the registered office: Unit No. 306, 3rd Floor, RG Trade Tower, Netaji Subhash Place, Pitampura, Delhi - 110034
(vi) Contact details:
(a) Telephone: 91-8130285032
(b) Fax: Nil
(c) Website: Nil
(vii) Whether listed company: No
(viii) Name, Address and Contact details of the Registrar and Transfer Agent, if any: Not Applicable
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
All the business activities contributing 10% or more of the total turnover of the company shall be stated:
S. No. Name and Description of main products/services NIC Code of the Product/service % to total turnover of the company
1. Wholesale trade via e-commerce 46901
98.83% Approx

27
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES:
S. No. Name and address of the company CIN/ GLN
Holding/ Subsidiary/
Associate
% of shares held Applicable section
1. Nil Nil Nil Nil Nil
IV. SHARE HOLDING PATTERN (Equity share capital breakup as percentage of total equity)
(i) Category-wise share holding
Category of Shareholders
No. of shares held
at the beginning of
the year
No. of shares
held at the end
of the year
% change
during the
year
Demat Physical Total
% of
Total
shares
Demat Physical Total
% of
total
shares
A. Promoters
(1) Indian
(a) Individual/HUF
(b) Central Govt.
(c) State Govt.(s)
(d) Bodies Corp.
(e) Banks/FI
(f) Any other
Sub(total)
(A) (1):-
(2) Foreign
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
50000
Nil
Nil
Nil
Nil
Nil
50000
Nil
50000
Nil
Nil
Nil
Nil
Nil
50000
Nil
100%
Nil
Nil
Nil
Nil
Nil
100%
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
50000
Nil
Nil
Nil
Nil
Nil
50000
Nil
50000
Nil
Nil
Nil
Nil
Nil
50000
Nil
100%
Nil
Nil
Nil
Nil
Nil
100%
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil

28
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
(a) NRIs-Individuals
(b) Other-Individuals
(c) Bodies Corp.
(d) Banks/FI
(e) Any other
Sub(total)
(A) (2):-
Total Shareholding of Promoter
(A)=(A)(1)+(A)(2)
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
50000
Nil
Nil
Nil
Nil
Nil
50000
Nil
Nil
Nil
Nil
Nil
100%
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
50000
Nil
Nil
Nil
Nil
Nil
50000
Nil
Nil
Nil
Nil
Nil
100%
Nil
Nil
Nil
Nil
Nil
Nil
B. Public Shareholding
1. Institutions
(a) Mutual Funds
(b) Banks/FI
(c) Central Govt
(d) State Govt(s)
(e) Venture Capital Funds
(f) Insurance Companies
(g) FIIs
(h) Foreign Venture Capital Funds
(i) Others(specify)
Sub(total)
(B) (1):-
Not applicable
2.Non-Institutions
(a) Bodies Corp.
(i) Indian

29
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
(ii) Overseas
(b) Individuals
(i) Individuals shareholders holding
nominal share capital upto Rs. 1
Lakh
(ii) Individuals shareholders
holding nominal share capital in
excess of Rs. 1 Lakh
(c) Others(specify)
Sub(total)
(B) (2):-N
Total Public Shareholding
(B)=(B)(1)+(B)(2)
(C) Shares held by Custodian for
GDRs & ADRs
Grand Total
(A+B+C)
Nil
50000 50000
100% Nil
50000 50000
100% Nil
(ii) Shareholding of Promoters
S.
No
Shareholders
Name
Shareholding at
the beginning of
the year
Shareholding
at the end of
the year
No. of shares
% of total
shares of the
company
% of shares
pledged/encumbered
to total shares
No. of
shares
% of total
shares of
the
company
% of shares
pledged/encumbered
to total shares
% change in
shareholding
during the
year
1.
Amit Kumar
Sharma
25,000 50% Nil 25,000 50% Nil Nil
2.
Dileep
Kumar
Sharma
25,000 50% Nil 25,000 50% Nil Nil

30
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
(iii) Change in Promoters Shareholding (please specify if there is any change):
S.
No.
Shareholding at
the beginning of
the year
Cumulative
Shareholding
during the year
No. of Shares
% of total
Shares of the
company
No. of
Shares
% of total
Shares of
the
company
At the beginning of the year
Data-wise increase/decrease in promoters shareholding during the
year specifying the reasons for increase/decrease(e.g.
allotment/transfer/bonus/sweat equity etc):
No change
At the end of the year(or on the date of separation, if separated
during the year
(iv) Shareholding pattern of top ten shareholders (other than directors, promoters and holders of GDRs & ADRs
S.
No.
Shareholding at
the beginning of
the year
Cumulative
shareholding
during the year
For each of the top 10 shareholders No. of shares
% of total shares
of the company
No. of
shares
% of total
shares of
the
company
At the beginning of the year
Data wise increase/decrease in shareholding during the year
specifying the reasons for increase/decrease(e.g.
allotment/transfer/bonus/sweat equity etc):
Not applicable
IL
At the end of the year(or on the date of separation, if separated
during the year

31
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
(v) Shareholding of Directors and Key Managerial Personnel
Shareholding at
the beginning of
the year
Cumulative
shareholding
during the year
For each of the Directors and KMP No. of shares
% of total shares
of the Company
No. of
shares
% of total
shares of the
Company
At the beginning of the year
Amit Kumar
Sharma 25,000
Shares
Dileep Kumar
Sharma 25,000
Shares
50 %
50 %
NA NA
Data wise increase/decrease in shareholding during the year
specifying the reasons for increase/decrease(e.g.
allotment/transfer/bonus/sweat equity etc):
NA
NA
NA
NA
At the end of the year
Amit Kumar
Sharma 25,000
Shares
Dileep Kumar
Sharma 25,000
Shares
50 %
50 %
NA NA
V. INDEBTEDNESS
Indebtedness of the Company including interest outstanding/accrued but not due for payment

32
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Secured loans excluding
deposits Unsecured
loans
Deposits
Total
indebtedness
Indebtedness at the beginning of the financial
year
(i) Principal Amount
(ii) Interest due but not paid
(iii) Interest accrued but not due
NIL
NIL
NIL
10,39,500
NIL
NIL
NIL
NIL
NIL
10,39,500
NIL
NIL
Total (i+ii+iii)
NIL
10,39,500 NIL 10,39,500
Change in indebtedness during the financial year
Addition
Reduction
NIL
NIL
NIL
7,89,500
NIL
NIL
NIL
7,89,500
Net Change
NIL 7,89,500 NIL 7,89,500
Indebtedness at the end of the financial year
(i) Principal Amount
(ii) Interest due but not paid
(iii) Interest accrued but not due
NIL
NIL
NIL
2,50,000
NIL
NIL
NIL
NIL
NIL
2,50,000
NIL
NIL

33
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Total (i+ii+iii) NIL 2,50,000 NIL
2,50,000
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
A. Remuneration To Managing Director, Whole-Time Directors And/ Or Manager
S.
No.
Particulars of remuneration
Name of
MD/WTD/Manager
Total Amount
(In Rs.)
Amit Kumar Sharma
Dileep Kumar
Sharma
Ashish
Chaudhry
1.
Gross salary
(a) Salary as per provisions contained in section 17(1) of
the Income Tax Act, 1961
(b) Value of perquisites u/s 17(2) Income-Tax Act, 1961
(c) Profits in lieu of salary under section 17(3) Income Tax
Act,1961
5,57,500 2,40,000 8,00,000 15,97,500/-
2. Stock Option NIL NIL NIL NIL
3. Sweat Equity NIL NIL NIL NIL
4.
Commission
- as % of profit
- others, specify
NIL NIL NIL NIL
5. Others, please specify NIL NIL NIL NIL
Total (A) 5,57,500 2,40,000 8,00,000 15,97,500/-
Ceiling as per the Act NA NA NA NA

34
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
B. Remuneration to other directors
S. No. Particulars of remuneration Name of directors Total amount
Independent Directors
Fee for attending board/ committee meetings

35
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Commission
Others, please specify
Total (1)
Other Non-Executive Directors
Fee for attending board committee meetings
Commission
Others, please specify
NIL
Total (2)
Total (B)=(1+2)
Total Managerial Remuneration
Overall Ceiling as per the Act
c. Remuneration to Key Managerial Personnel other than MD/Manager/WTD
S.
No.
Particulars of remuneration
Key Managerial
Personnel
CEO
Company
Secretary
CFO Total
1.
Gross Salary
a) Salary as per provisions contained in section 17(1) of the
Income-tax Act,1961
b) Value of perquisites u/s 17(2) Income Tax Act,1961
c) Profits in lieu of salary under section 17(3) Income Tax
Act,1961
Not Applicable Not Applicable
Not
Applicable
2.
Stock Option

36
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
3.
Sweat Equity
4.
Commission
(a) as % of profit
- Others, specify
5.
Others, please specify
Total
d. PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES
Type
Section of the
Companies Act
Brief
description
Details of
Penalty/Punishment/Compounding
fees imposed
Authority
(RD/NCLT/Court)
Appeal made, if
any(give details)
A. COMPANY
Penalty
Punishment
Compounding NIL
B.DIRECTORS
Penalty
Punishment

37
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Compounding
C.OTHER OFFICERS
IN DEFAULT
Penalty
Punishment NIL
Compounding
For and on behalf of the Board
Prepay Payment Services Private Limited
Dileep Kumar Sharma Date: 04.11.2021
Director Place: New Delhi
DIN: 08042827
Address: A3/26, Alok Kunj, Sector-15,
Rohini, Delhi -110089
Ashish Chaudhry
Director
DIN: 08818560
Address: D-2/14, Vashisht Park, Pankha Road
Opposite Janak Cinema, Nangal Raya
Delhi-110046

38
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (8)
Disclosure of statement on declaration given by independent directors under section 149(6) [Text Block]
The Company is not required to appoint Independent Directors and Key Managerial Personnel during the period under review as the Company
doesnt meet the criteria laid down in the Companies Act, 2013 read with applicable rules
Textual information (9)
Disclosure for companies covered under section 178(1) on directors appointment and remuneration including other
matters provided under section 178(3) [Text Block]
The Company is not required to constitute Audit Committee, Nomination and Remuneration Committee & Corporate Social Responsibility
Committee of the Board, as the Company does not meet the criteria laid down for mandatorily forming such committees as per the requirement of
Companies Act, 2013 read with rules made thereunder. Accordingly, the Company was not required to frame Vigil Mechanism/Whistle Blower
Policy, Nomination and Remuneration Policy and Corporate Social Responsibility policy.
Textual information (10)
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
The provisions of Section 135 of the Companies Act, 2013 and Companies (Corporate Social Responsibility Policy) Rules, 2014 framed
thereunder are not applicable on the Company
Textual information (11)
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]
The details of directors or key managerial personnel of the Company as on date are as follows:
S. No. Name of the Director Designation Date of Appointment Date of Resignation
1. Amit Kumar Sharma Director 13/06/2018 11/08/2021
2. Dileep Kumar Sharma Director 13/06/2018 Not Applicable
3. Ashish Chaudhry Director 01/08/2020 Not Applicable
The Company is not required to appoint Independent Directors and Key Managerial Personnel during the period under review as the Company
doesnt meet the criteria laid down in the Companies Act, 2013 read with applicable rules.

39
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (12)
Details relating to deposits covered under chapter v of companies act [Text Block]
The Company has not accepted any deposits under Chapter V of the Companies Act, 2013.
However as per the first proviso of rule 2(c) (viii) of The Companies (Acceptance of Deposits) Rules, 2014, during the year under review, the
company has outstanding loan from its directors, balances as on 31st March 2021 are as under:
S. No. Name of Director
Amount (as on 31st March, 2021)
1. Dileep Kumar Sharma Rs. 2,50,000
Textual information (13)
Details of deposits which are not in compliance with requirements of chapter v of act [Text Block]
The Company has not accepted any deposits under Chapter V of the Companies Act, 2013.
However as per the first proviso of rule 2(c) (viii) of The Companies (Acceptance of Deposits) Rules, 2014, during the year under review, the
company has outstanding loan from its directors, balances as on 31st March 2021 are as under:
S. No. Name of Director
Amount (as on 31st March, 2021)
1. Dileep Kumar Sharma Rs. 2,50,000
Textual information (14)
Details of significant and material orders passed by regulators or courts or tribunals impacting going concern status
and company’s operations in future [Text Block]
During the period under review, no significant or material orders were passed by the regulators or courts or tribunals impacting the going concern
status and Companys operations in future
Textual information (15)
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
The Company has in place an adequate internal financial controls system over financial reporting and the operating effectiveness of such controls
for the period under review.

40
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (16)
Disclosure of appointment and remuneration of managerial personnels [Text Block]
As required by provisions of Rule 5(2) of the Companies (Appointment and Remuneration of Managerial personnel), Amendment Rules, 2016,
there is no employee who is in receipt of a remuneration of Rs. 1,02,00,000/- per year, if employed for the whole year or Rs. 8,50,000/- per
month, if employed for the part of the year.
[400200] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Auditors [Axis] 1
01/04/2020
to
31/03/2021
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Name of audit firm
ASHOK RAM &
CO
Name of auditor signing report
Mahavir Parsad
Gupta
Firms registration number of audit firm 020673N
Membership number of auditor 098420
Address of auditors
306, AMBA
TOWER, DC
CHOWK, SEC - 9
ROHINI DELHI -
110085
Permanent account number of auditor or auditor's firm AAMFA6017B
SRN of form ADT-1 R30133987
Date of signing audit report by auditors 04/11/2021
Date of signing of balance sheet by auditors 04/11/2021

41
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis]
Auditor's
favourable remark
[Member]
Clause not
applicable
[Member]
01/04/2020
to
31/03/2021
01/04/2020
to
31/03/2021
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [LineItems]
Disclosure in auditors report relating to fixed assets
Textual information
(17) [See below]
Disclosure in auditors report relating to inventories
Physical verification
of inventory has
been conducted at
reasonable intervals
by the management
and there is no
material
discrepancies were
noticed
Disclosure in auditors report relating to loans
Textual information
(18) [See below]
Disclosure in auditors report relating to compliance with Section 185 and 186 of
Companies Act, 2013
In respect of loans,
investments,
guarantees, and
security all
mandatory
provisions of section
185 and 186 of the
Companies Act,
2013 have been
complied with.
Disclosure in auditors report relating to deposits accepted
The company has
not accepted any
deposits.
Disclosure in auditors report relating to maintenance of cost records
Maintenance of cost
records has not been
specified by the
Central Government
under sub-section (1)
of section 148 of the
Companies Act,
2013.
Disclosure in auditors report relating to statutory dues [TextBlock]
Textual information
(19) [See below]
Disclosure in auditors report relating to default in repayment of financial dues
The company hasnt
made any default in
repayment of loans
or borrowing to a
financial institution,
bank, Government or
dues to debenture
holders
Disclosure in auditors report relating to public offer and term loans used for
purpose for which those were raised
The company doesnt
raise any money by
way of initial public
offer or further
public offer
(including debt
instruments)
Disclosure in auditors report relating to fraud by the company or on the
company by its officers or its employees reported during period
Neither company has
done any fraud nor
by its officers or
employees so
nothing to be
disclosed separately

42
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure in auditors report relating to managerial remuneration
Managerial
remuneration has
been paid or
provided in
accordance with the
requisite approvals
Mandated by the
provisions of section
197 read with
Schedule V to the
Companies Act.
Disclosure in auditors report relating to Nidhi Company
Company is not a
Nidhi Company
hence nothing to be
disclosed for any
provisions applicable
on Nidhi Company.
Disclosure in auditors report relating to transactions with related parties
Textual information
(20) [See below]
Disclosure in auditors report relating to preferential allotment or private
placement of shares or convertible debentures
The company hasnt
m a d e a n y
preferential
allotment or private
placement of shares
or fully or partly
convertible
debentures during
the year
Disclosure in auditors report relating to non-cash transactions with directors
or persons connected with him
The company hasnt
entered into any
non-cash
transactions with
directors or persons
connected with him.
Disclosure in auditors report relating to registration under section 45-IA of
Reserve Bank of India Act, 1934
The company is not
required to be
registered under
section 45-IA of the
Reserve Bank of
India Act, 1934.
Unless otherwise specified, all monetary values are in INR
01/04/2020
to
31/03/2021
Disclosure in auditor’s report explanatory [TextBlock]
Textual information (21)
[See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
contains adverse remarks
No
Textual information (17)
Disclosure in auditors report relating to fixed assets
On the basis of the information and explanation given to us during the course of our audit, we report that: 1.(a)The company has maintained
proper records showing full particulars including quantitative details and situation of its fixed assets. (b)These fixed assets have been physically
verified by the management at reasonable intervals there was no Material discrepancies were noticed on such verification. (c)Total Assets of
company includes Immovable property also and the title deeds of immovable properties are held in the name of the company.
Textual information (18)
Disclosure in auditors report relating to loans
The company has granted loans secured or unsecured to companies, firms, Limited Liability Partnerships or other parties covered in the register
maintained under section 189 of the Companies Act, 2013. All terms and conditions are as per the benefits of company and are not prejudicial to
the companys Interest. Schedule of repayment of principal and interest has been stipulated and receipts are regular. There is no such amount
which is overdue more than 90 Days of above-mentioned loan.

43
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (19)
Disclosure in auditors report relating to statutory dues [Text Block]
The company is regular in depositing undisputed statutory dues including provident fund,
Employees state insurance, income-tax, sales-tax, service tax, duty of customs, duty of excise, value added tax, cess and any
other statutory dues to the appropriate authorities.
Dues of income tax or sales tax or service tax or duty of customs or duty of excise or value added tax have been deposited on
time there is no dispute is pending on the part of company.
Textual information (20)
Disclosure in auditors report relating to transactions with related parties
All transactions with the related parties are in compliance with sections 177 and 188 of Companies Act, 2013 where applicable and the details
have been disclosed in the Financial Statements etc. as required by the applicable accounting standards

44
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Textual information (21)
Disclosure in auditor’s report explanatory [Text Block]
ASHOK RAM & CO.
CHARTERED ACCOUNTANTS
306, AMBA TOWER, DC CHOWK, SEC - 9 ROHINI DELHI - 110085
PH: 9873535059, 9810150435, email: mpguptaca@gmail.com
To the Members of
PREPAY PAYMENT SERVICES PRIVATE LIMITED.
Report on the Audit of the Financial Statements
Opinion
We have audited the Financial Statements of PREPAY PAYMENT SERVICES PRIVATE LIMITED (the Company), which comprise the
balance sheet as at 31st March 2021, and the statement of profit and loss, (statement of changes in equity) and statement of cash flows for the year
then ended, and notes to the Financial Statements, including a summary of significant accounting policies and other explanatory information
[hereinafter referred to as the Financial Statements].
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Financial Statements give the
information required by the Companies Act, 2013 in the manner so required and give a true and fair view in conformity with the accounting
2021
principles generally accepted in India, of the state of affairs of the Company as at March 31, , and its profit/loss, (changes in equity) and its
cash flows for the year ended on that date.
Basis for Opinion
We conducted our audit of the Financial Statements in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the
Companies Act, 2013 . Our responsibilities under those Standards are further described in the Auditors Responsibilities for the Audit of the
Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of
Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the Financial Statements under the
provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these
requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion.
Information Other than the Financial Statements and Auditors Report Thereon
The Companys Board of Directors is responsible for the other information. The other information comprises the [information included in the
auditors report report, but does not include the Financial Statements and our auditors report thereon.
Our opinion on the Financial Statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the Financial Statements, our responsibility is to read the other information and, in doing so, consider whether the
other information is materially inconsistent with the Financial Statements or our knowledge obtained in the audit or otherwise appears to be

45
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
materially misstated.
If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report
that fact. We have nothing to report in this regard.
Managements Responsibility for the Financial Statements
The Companys Board of Directors is responsible for the matters stated in section 134(5) of the Companies Act, 2013 (the Act) with respect to the
preparation of these Financial Statements that give a true and fair view of the financial position, financial performance, (changes in equity) and
cash flows of the Company in accordance with the accounting principles generally accepted in India, including the accounting Standards specified
under section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of
the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of
appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of
adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records,
relevant to the preparation and presentation of the Financial Statements that give a true and fair view and are free from material misstatement,
whether due to fraud or error.
In preparing the Financial Statements, the Board of Directors is responsible for assessing the Companys ability to continue as a going concern,
disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either
intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
Those Board of Directors are also responsible for overseeing the Companys financial reporting process.
Auditors Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the Financial Statements as a whole are free from material misstatement, whether
due to fraud or error, and to issue an auditors report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from
fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these Financial Statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We
also:
a.
Identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, design and
perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a
basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting
from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal
control.
b.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the
circumstances. Under section 143(3)(i) of the Companies Act, 2013, we are also responsible for expressing our opinion on
whether the company has adequate internal financial controls system in place and the operating effectiveness of such controls
c.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related
disclosures made by management.

46
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
d.
Conclude on the appropriateness of managements use of the going concern basis of accounting and, based on the audit
evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the
Companys ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw
attention in our auditors report to the related disclosures in the Financial Statements or, if such disclosures are inadequate, to
modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors report. However,
future events or conditions may cause the Company to cease to continue as a going concern.
e.
Evaluate the overall presentation, structure and content of the Financial Statements, including the disclosures, and whether
the Financial Statements represent the underlying transactions and events in a manner that achieves fair presentation.
Materiality is the magnitude of misstatements in the Financial Statements that, individually or in aggregate, makes it probable that the economic
decisions of a reasonably knowledgeable user of the Financial Statements may be influenced. We consider quantitative materiality and qualitative
factors in
(i) Planning the scope of our audit work and in evaluating the results of our work; and
(ii) to evaluate the effect of any identified misstatements in the Financial Statements.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant
audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and
where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of
the Financial Statements of the current period and are therefore the key audit matters. We describe these matters in our auditors report unless law
or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be
communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits
of such communication.
Report on Other Legal and Regulatory Requirements
1.
As required by the Companies (Auditors Report)
Order, 2016 (the Order), issued by the Central
Government of India in terms of sub-section (11) of
section 143 of the Companies Act, 2013, we give in
the Annexure a statement on the matters specified in
paragraphs 3 and 4 of the Order, to the extent
applicable.

47
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
2.
As required by Section 143(3) of the Act, we report
that:
(a)
We have sought and obtained all the
information and explanations which to the best
of our knowledge and belief were necessary
for the purposes of our audit.
(b)
In our opinion, proper books of account as
required by law have been kept by the
Company so far as it appears from our
examination of those books [and proper
returns adequate for the purposes of our audit
have been received from the branches not
visited by us.]
(c)
[The reports on the accounts of the branch
offices of the Company audited under Section
143(8) of the Act by branch auditors have
been sent to us and have been properly dealt
with by us in preparing this report.]
(d)
The Balance Sheet, the Statement of Profit
and Loss, (the Statement of Changes in
Equity) and the Cash Flow Statement dealt
with by this Report are in agreement with the
books of account [and with the returns
received from the branches not visited by us].
(e)
In our opinion, the aforesaid Financial
Statements comply with the Accounting
Standards specified under Section 133 of the
Act, read with Rule 7 of the Companies
(Accounts) Rules, 2014.
(f)
On the basis of the written representations
received from the directors as on 31st March,
2021 taken on record by the Board of
Directors, none of the directors is disqualified
as on 31st March, 2021 from being appointed
as a director in terms of Section 164(2) of the
Act.
With respect to the adequacy of the internal
financial controls over financial reporting of the

48
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
(g) Company and the operating effectiveness of
such controls, refer to our separate Report in
Annexure B.
(h)
With respect to the other matters to be
included in the Auditors Report in accordance
with Rule 11 of the Companies (Audit and
Auditors) Rules, 2014, in our opinion and to
the best of our information and according to
the explanations given to us:
i.
The Company does not
have any pending
litigations which would
impact its financial
position.
ii.
The Company did not
have any long-term
contracts including
derivative contracts for
which there were any
material foreseeable
losses.
iii.
There were no
amounts which were
required to be
transferred to the
Investor Education and
Protection Fund by the
Company.
Place: Delhi
Date: 04/11/2021
for ASHOK RAM AND CO.
Chartered Accountants
MAHAVIR PARSAD GUPTA
Partner
M. No. 098420
FRN-020673N
UDIN: 21098420AAAATK6662

49
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
ANNEXURE TO THE AUDITORS REPORT
The Annexure referred to in our report to the members of PREPAY PAYMENT SERVICES PRIVATE LIMITED for the year ended 31 st
March, 2021.
On the basis of the information and explanation given to us during the course of our audit, we report that:
1. (a)
The company has maintained proper records
showing full particulars including quantitative details
and situation of its fixed assets.
(b)
These fixed assets have been physically verified by
the management at reasonable intervals there was
no Material discrepancies were noticed on such
verification.
(c)
Total Assets of company includes Immovable
property also and the title deeds of immovable
properties are held in the name of the company.
2.
Physical verification of inventory has been conducted at reasonable
intervals by the management and there is no material discrepancies
were noticed
3.
The company has granted loans secured or unsecured to companies,
firms, Limited Liability
Partnerships or other parties covered in the register maintained under
section 189 of the Companies Act, 2013.
(a)
All terms and conditions are as per the benefits of
company and are not prejudicial to the companys
Interest.

50
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
(b)
Schedule of repayment of principal and interest has
been stipulated and receipts are regular.
(c)
There is no such amount which is overdue more than
90 Days of above-mentioned loan.
4.
In respect of loans, investments, guarantees, and security all
mandatory provisions of section 185 and 186 of the Companies Act,
2013 have been complied with.
5.
The company has not accepted any deposits.
6.
Maintenance of cost records has not been specified by the Central
Government under sub-section (1) of section 148 of the Companies
Act, 2013.
7 (a)
The company is regular in depositing undisputed
statutory dues including provident fund,
Employees state insurance, income-tax, sales-tax,
service tax, duty of customs, duty of excise, value
added tax, cess and any other statutory dues to the
appropriate authorities.
(b)
Dues of income tax or sales tax or service tax or duty
of customs or duty of excise or value added tax have
been deposited on time there is no dispute is
pending on the part of company.
8.
The company hasnt made any default in repayment of loans or
borrowing to a financial institution, bank, Government or dues to
debenture holders.
9.
The company doesnt raise any money by way of initial public offer or
further public offer (including debt instruments)
10.
Neither company has done any fraud nor by its officers or employees
so nothing to be disclosed separately.

51
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
11.
Managerial remuneration has been paid or provided in accordance
with the requisite approvals
Mandated by the provisions of section 197 read with Schedule V to the
Companies Act.
12.
Company is not a Nidhi Company hence nothing to be disclosed for
any provisions applicable on Nidhi Company.
13.
All transactions with the related parties are in compliance with sections
177 and 188 of Companies Act, 2013 where applicable and the details
have been disclosed in the Financial Statements etc. as required by
the applicable accounting standards;
14.
The company hasnt made any preferential allotment or private
placement of shares or fully or partly convertible debentures during the
year.
15.
The company hasnt entered into any non-cash transactions with
directors or persons connected with him.
16.
The company is not required to be registered under section 45-IA of
the Reserve Bank of India Act, 1934.
For ASHOK RAM & CO.
Chartered Accountants
FRN: 020673N
Mahavir Parsad Gupta

52
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Place: Delhi
Date: 04/11/2021
(Partner)
M No. : 098420
UDIN: 21098420AAAATK6662
ANNEXURE - B TO THE AUDITORS REPORT
Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (the Act)
We have audited the internal financial controls over financial reporting of PREPAY PAYMENT SERVICES PRIVATE LIMITED. (The
Company) as of 31 March 2021 in conjunction with our audit of the financial statements of the Company for the year ended on that date.
Managements Responsibility for Internal Financial Controls
The Companys management is responsible for establishing and maintaining internal financial controls based on the internal control over financial
reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of
Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India (ICAI). These responsibilities
include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the
orderly and efficient conduct of its business, including adherence to companys policies, the safeguarding of its assets, the prevention and detection
of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as
required under the Companies Act, 2013.
Auditors Responsibility
Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting based on our audit. We conducted
our audit in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the Guidance Note) and the
Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to
an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered
Accountants of India. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to
obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if
such controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial
reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of
internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and
operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditors judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Companys
internal financial controls system over financial reporting.
Meaning of Internal Financial Controls over Financial Reporting
A company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
A company's internal financial control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide
reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally

53
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorisations of
management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorised
acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.
Inherent Limitations of Internal Financial Controls over Financial Reporting
Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper
management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation
of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial
reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may
deteriorate.
Opinion
In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal
financial controls over financial reporting were operating effectively as at 31 March 2021, based on the internal control over financial reporting
criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal
Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.
Place: Delhi
Date: 04/11/2021
For ASHOK RAM & CO.
Chartered Accountants
FRN: 020673N
Mahavir Parsad Gupta
(Partner)
M No. : 098420
UDIN: 21098420AAAATK6662
[400500] Disclosures - Secretarial audit report
Unless otherwise specified, all monetary values are in INR
01/04/2020
to
31/03/2021
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
Whether secretarial audit report has been qualified or has any
observation or other remarks
No

54
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[100100] Balance sheet
Unless otherwise specified, all monetary values are in INR
31/03/2021 31/03/2020 31/03/2019
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 5,00,000 5,00,000
Reserves and surplus 2,27,20,374 73,14,040
Total shareholders' funds 2,32,20,374 78,14,040
Share application money pending allotment 0 0
Minority interest 0 0
Non-current liabilities [Abstract]
Long-term borrowings 2,50,000 10,39,500
Deferred tax liabilities (net) 9,550 0
Other long-term liabilities 0 0
Long-term provisions 0 0
Total non-current liabilities 2,59,550 10,39,500
Current liabilities [Abstract]
Short-term borrowings 0 0
Trade payables 2,65,04,528 2,265
Other current liabilities 34,62,447 38,61,192
Short-term provisions 52,56,496 26,13,075
Total current liabilities 3,52,23,471 64,76,532
Total equity and liabilities 5,87,03,395 1,53,30,072
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 6,36,351 0 0
Intangible assets 0 0
Total fixed assets 6,36,351 0
Non-current investments 3,99,99,996 0
Long-term loans and advances 0 0
Total non-current assets 4,06,36,347 0
Current assets [Abstract]
Current investments 0 0
Inventories 0 1,32,85,253
Trade receivables 29,67,664 0
Cash and bank balances 28,10,689 12,52,155
Short-term loans and advances 0 0
Other current assets 1,22,88,695 7,92,664
Total current assets 1,80,67,048 1,53,30,072
Total assets 5,87,03,395 1,53,30,072

55
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Directors signing financial statements [Axis] 1 2
01/04/2020
to
31/03/2021
01/04/2020
to
31/03/2021
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director DILEEP ASHISH
Middle name of director KUMAR
Last name of director SHARMA CHAUDHRY
Designation of director Director Director
Director identification number of director 08042827 08818560
Date of signing of financial statements by director 04/11/2021 04/11/2021

56
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[100400] Cash flow statement, indirect
Unless otherwise specified, all monetary values are in INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax 2,06,72,380 1,05,22,617
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 9,855 6,798
Adjustments for depreciation and amortisation expense 79,124 0
Total adjustments to profit (loss) 88,979 6,798
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories 1,32,85,253 -1,32,85,253
Adjustments for decrease (increase) in trade receivables -37,71,599 16,04,685
Adjustments for decrease (increase) in other current assets -1,06,92,096 -14,87,316
Adjustments for increase (decrease) in trade payables 2,65,02,263 -8,17,735
Adjustments for increase (decrease) in other current liabilities -3,98,745 38,61,192
Total adjustments for working capital 2,49,25,076 -1,01,24,427
Total adjustments for reconcile profit (loss) 2,50,14,055 -1,01,17,629
Net cash flows from (used in) operations 4,56,86,435 4,04,988
Income taxes paid (refund) 26,13,075 0
Net cash flows from (used in) operating activities before extraordinary
items
4,30,73,360 4,04,988
Net cash flows from (used in) operating activities 4,30,73,360 4,04,988
Cash flows from used in investing activities [Abstract]
Other cash payments to acquire equity or debt instruments of other
entities
3,99,99,996 0
Purchase of tangible assets 7,15,475 0
Net cash flows from (used in) investing activities before extraordinary
items
-4,07,15,471 0
Net cash flows from (used in) investing activities -4,07,15,471 0
Cash flows from used in financing activities [Abstract]
Proceeds from borrowings 0 3,49,500
Repayments of borrowings 7,89,500 0
Interest paid 9,855 6,798
Net cash flows from (used in) financing activities before extraordinary
items
-7,99,355 3,42,702
Net cash flows from (used in) financing activities -7,99,355 3,42,702
Net increase (decrease) in cash and cash equivalents before effect of
exchange rate changes
15,58,534 7,47,690
Net increase (decrease) in cash and cash equivalents 15,58,534 7,47,690
Cash and cash equivalents cash flow statement at end of period 28,10,689 12,52,155 5,04,465

57
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[200100] Notes - Share capital
Disclosure of classes of share capital [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Classes of share capital [Axis] Share capital [Member]
Equity shares
[Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 1,00,000 [shares] 1,00,000 [shares] 1,00,000
Value of shares authorised 10,00,000 10,00,000 10,00,000
Number of shares issued [shares] 50,000 [shares] 50,000 [shares] 50,000
Value of shares issued 5,00,000 5,00,000 5,00,000
Number of shares subscribed and fully paid [shares] 50,000 [shares] 50,000 [shares] 50,000
Value of shares subscribed and fully paid 5,00,000 5,00,000 5,00,000
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 50,000 [shares] 50,000 [shares] 50,000
Total value of shares subscribed 5,00,000 5,00,000 5,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 50,000 [shares] 50,000 [shares] 50,000
Value of shares called 5,00,000 5,00,000 5,00,000
Value of shares paid-up 5,00,000 5,00,000 5,00,000
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares allotted for
contracts without payment received
in cash
[shares] 0 [shares] 0 [shares] 0
Number of shares issued under scheme of
amalgamation
[shares] 0 [shares] 0 [shares] 0
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Total increase (decrease) in number of
shares outstanding
[shares] 0 [shares] 0 [shares] 0
Number of shares outstanding at end of period [shares] 50,000 [shares] 50,000 [shares] 50,000 [shares] 50,000
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
Amount of issue allotted for
contracts without payment
received in cash during period
0 0 0
Amount of issue under scheme of
amalgamation during period
0 0 0
Amount of other issues during period 0 0 0
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 5,00,000 5,00,000 5,00,000
Rights preferences and restrictions attaching
to class of share capital
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]

58
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Total application money received for
allotment of securities and due for refund
and interest accrued thereon
0 0 0

59
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Disclosure of classes of share capital [Table] ..(2)
Unless otherwise specified, all monetary values are in INR
Classes of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Type of share EQUITY EQUITY
Number of shares authorised [shares] 1,00,000 [shares] 1,00,000 [shares] 1,00,000
Value of shares authorised 10,00,000 10,00,000 10,00,000
Number of shares issued [shares] 50,000 [shares] 50,000 [shares] 50,000
Value of shares issued 5,00,000 5,00,000 5,00,000
Number of shares subscribed and fully paid [shares] 50,000 [shares] 50,000 [shares] 50,000
Value of shares subscribed and fully paid 5,00,000 5,00,000 5,00,000
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 50,000 [shares] 50,000 [shares] 50,000
Total value of shares subscribed 5,00,000 5,00,000 5,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 50,000 [shares] 50,000 [shares] 50,000
Value of shares called 5,00,000 5,00,000 5,00,000
Value of shares paid-up 5,00,000 5,00,000 5,00,000
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully
called
[INR/shares] 0 [INR/shares] 0
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares allotted for
contracts without payment received
in cash
[shares] 0 [shares] 0 [shares] 0
Number of shares issued under scheme of
amalgamation
[shares] 0 [shares] 0 [shares] 0
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Total increase (decrease) in number of
shares outstanding
[shares] 0 [shares] 0 [shares] 0
Number of shares outstanding at end of period [shares] 50,000 [shares] 50,000 [shares] 50,000 [shares] 50,000
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
Amount of issue allotted for
contracts without payment
received in cash during period
0 0 0
Amount of issue under scheme of
amalgamation during period
0 0 0
Amount of other issues during period 0 0 0
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 5,00,000 5,00,000 5,00,000 5,00,000
Rights preferences and restrictions attaching
to class of share capital
NA
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]

60
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
Total application money received for
allotment of securities and due for refund
and interest accrued thereon
0 0 0
Disclosure of classes of share capital [Table] ..(3)
Unless otherwise specified, all monetary values are in INR
Classes of share capital [Axis]
Equity shares 1
[Member]
31/03/2019
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Reconciliation of number of shares outstanding [Abstract]
Number of shares outstanding at end of period [shares] 50,000
Reconciliation of value of shares outstanding [Abstract]
Share capital at end of period 5,00,000
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Classes of share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share EQUITY EQUITY EQUITY EQUITY
Name of shareholder
DILEEP KUMAR
SHARMA
DILEEP KUMAR
SHARMA
AMIT KUMAR
SHARMA
AMIT KUMAR
SHARMA
PAN of shareholder AAJCP9289N AAJCP9289N EQKPS0287M EQKPS0287M
Country of incorporation or residence of
shareholder
INDIA INDIA INDIA INDIA
Number of shares held in company [shares] 25,000 [shares] 25,000 [shares] 25,000 [shares] 25,000
Percentage of shareholding in company 50.00% 50.00% 50.00% 50.00%
Unless otherwise specified, all monetary values are in INR
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
shares in company
Yes Yes
Number of persons on private placement of equity share 0 0
Number of persons on private placement of preference share 0 0
Number of shareholders of company 2 2
Whether reduction in capital done during year No No
Whether money raised from public offering during year No No
Amount raised from public offering during year 0 0
Amount utilised towards specified purposes for public offering 0 0
Amount remaining unutilised received in respect of public offering 0 0

61
null Standalone Financial Statements for period 01/04/2020 to 31/03/2021
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Components of reserves [Axis] Reserves [Member] Surplus [Member]
01/04/2020
to
31/03/2021
01/04/2019
to
31/03/2020
31/03/2019
01/04/2020
to
31/03/2021
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 1,54,06,334 79,09,542 1,54,06,334
Other additions to reserves 0 0 0
Total additions to reserves 1,54,06,334 79,09,542 1,54,06,334
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Other appropriations 0 0 0
Transfer to general reserve 0 0 0
Total appropriations for dividend,
dividend tax and general reserve
0 0 0
Appropriation towards bonus shares 0 0 0
Total changes in reserves 1,54,06,334 79,09,542 1,54,06,334
Reserves at end of period 2,27,20,374 73,14,040 -5,95,502 2,27,20,374
Statement of changes in reserves [Table] ..(2)
Unless otherwise specified, all monetary values are in INR
Components of reserves [Axis] Surplus [Member]
01/04/2019
to
31/03/2020
31/03/2019
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 79,09,542
Other additions to reserves 0
Total additions to reserves 79,09,542
Appropriations for dividend, dividend tax and general reserve [Abstract]
Other appropriations 0
Transfer to general reserve 0
Total appropriations for dividend, dividend tax and general reserve 0
Appropriation towards bonus shares 0
Total changes in reserves 79,09,542
Reserves at end of period 73,14,040 -5,95,502