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Mish Designs Ltd			Industry : Textiles - Products


BSE Code:	544015	NSE Symbol:	Not Listed	P/E(TTM):	54.15

ISIN Demat:	INE0QI101019	Div & Yield %:	0	EPS(TTM):	2.17

Book Value(Rs):	42.6457143	Market Cap ( Cr.):	32.9	Face Value(Rs):	10

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Dear Members,

MISH DESIGNS PRIVATE LIMITED

Your Directors have pleasure in presenting their Fifth Annual Report together with the Audited Statement of Accounts of your Company for the Year ended 31st March 2022.

1. FINANCIAL RESULTS

The Company's financial performance, for the year ended 31st March 2022:

(Amount in Rs. In Thousand)

PARTICULARS	Year ended 31^st March 2022	Year ended 31^st March 2021
Turnover and Other Income	73,054.73	42,078.40
Profit before tax	1,296.64	706.34
Less: Current Tax	337.13	183.65
Deferred Tax Asset/ (Liabilities)	43.07	(3.94)
Income Tax earlier years	-	-
Profit For The Year	1002.59	518.75
Add: Balance in Profit and Loss Account	(940.17)	(1,458.92)
Sub Total	62.41	(940.17)
Less: Appropriation	-	-
Adjustment relating to Fixed Assets	-	-
Transferred to General Reserve	-	-
Closing Balance	62.41	(940.17)

2. STATE OF AFFAIRS

The Company is engaged in the business of Manufacturing & Sale of Fashion apparels. There has been no change in the business of the Company during the financial year ended 31^s1 March 2022.

The highlights of the Company's performance are as under.

• Revenue from operations increased by 73.61% from Rs. 4,20,78,395/- to 7,30,54,729/-.

• Net Profit for the year Increased by 96.84% from Rs. 5,18,747 to 10,02,588/-.

3. WEB LINK OF ANNUAL RETURN

The Company doesn't have any website.

4. MEETINGS OF BOARD OF DIRECTORS

Five Board Meetings were held during the Financial Year ended 31st March 2022 i.e. 30 April, 2021, 24 June, 2021, 08 September, 2021, 02 December, 2021 and 05 February, 2022. The maximum gap between any two Board Meetings was less than one Hundred and Twenty days.

The names of members of the Board, their attendance at the Board Meetings are as under:

Name of Directors	Number of Meetings attended/ Total Meetings held during the F.Y. 2021-22
Kaushal Mahesh Goenka	5/5
Sajan Kumar Bhartia	5/5

5. DETAILS OF FRAUD REPORT BY AUDITOR

As per auditors' report, no fraud u/s 143(12) reported by the auditor.

6. AUDITOR Statutory Auditors

The Auditors, M/s J. C. Kabra 8d associates, Chartered Accountants, (Firm Registration No. 115749W), hold office until the conclusion of the 2025 Annual General Meeting.

7. BOARD'S COMMENT ON THE AUDITORS' REPORT

The observations of the Statutory Auditors, when read together with the relevant notes to the accounts and accounting policies are self-explanatory and do not call for any further comment.

8. PARTICULARS OF LOANS AND INVESTMENT

The Company has not made any Investment, given guarantee and securities during the year under review. There for no need to comply provisions of section 186 of Companies Act, 2013.

9. CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES

All related party transactions that were entered into during the financial year ended 31st March 2022 were on an arm's length basis and were in the ordinary course of business. Therefore, the provisions of Section 188 of the Companies Act, 2013 were not attracted. Further, there are no materially significant related party transactions during the year under review made by the Company with Promoters, Directors, or other designated persons which may have a potential conflict with the interest of the Company at large. Thus, disclosure in Form AOC-2 is not required.

10. TRANSFER TO RESERVE

No amount was transferred to the reserves during the financial year ended 31st March, 2022.

11. DIVIDEND

No Dividend was declared for the current financial year due to loss incurred by the Company.

12. MATERIAL CHANGES AND COMMITMENTS

No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which this financial statement relates and the date of this report

13. CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS & OUTGO

A. Conservation of Energy, Technology Absorption

The particulars as required under the provisions of Section 134(3) (m) of the Companies Act, 2013 in respect of conservation of energy and technology absorption have not been furnished considering the nature of activities undertaken by the company during the year under review.

B. Foreign Exchange earnings and Outgo

Earnings	25,79,276/-
Outgo	NIL

14. RISK MANAGEMENT POLICY

The Company has developed and implemented a risk management policy which identifies major risks which may threaten the existence of the Company. The same has also been adopted by your Board and is also subject to its review from time to time. Risk mitigation process and measures have been also formulated and clearly spelled out in the said policy.

15. DETAILS OF SUBSIDIARY, JOINT VENTURE OR ASSOCIATE COMPANIES

The Company does not have any Subsidiary, Joint Venture or Associate Company.

16. DIRECTORS AND KEY MANAGERIAL PERSONNEL fKMP)

There has been no change in the constitution of Board during the year under review i.e. the structure of the Board remains the same.

In view of the applicable provisions of the Companies Act, 2013, the Company is not mandatorily required to appoint any whole time KMPs. (to disclose information pertaining to appointment and resignation of Director(s)/KMP(s), if any during the year under review)

17. DEPOSITS

The Company has not accepted or renewed any deposits during the year under review.

18. INTERNAL FINANCIAL CONTROL

The Company has in place adequate Internal Financial Controls with reference to Financial Statements. During the year, such controls were tested and no reportable material weakness in the design or operation was observed.

19. COST RECORD

The provision of Cost audit as per section 148 doesn't applicable on the Company.

20. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS. COURTS AND TRIBUNALS

No significant and material order has been passed by the regulators, courts, tribunals impacting the going concern status and Company's operations in future.

21. CONSTITUTION OF COMMITTTEE - SEXUAL HARASSMENT AT WORKPLACE

The Company have adopted "The Policy on Prevention and Redressal Sexual Harassment at Workplace" in terms of The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. During the year under review, there were no complaints received against any employee.

22. CONSOLIDATED FINANCIAL STATEMENTS

Company doesn't have any subsidiaries so there is no need to prepare consolidated financial statement for the F. Y. 2021-22.

23. DIRECTOR S RESPONSIBILITY STATEMENT

As required under Section 134 of the Companies Act, 2013, the Board of Directors of the Company confirms that-

a. In the preparation of the annual accounts for the year ended 31st March 2022, the applicable accounting standards read with requirements set out under Schedule III to the Act, have been followed and there are no material departures from the same.

b. 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 as at 31st March 2022 and of the profit of the Company for the year ended on that date.

c. The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

d. The Directors have prepared the annual accounts on a 'going concern' basis.

e. The Company being unlisted, sub clause (e) of section 134(3) of the Companies Act, 2013 pertaining to laying down internal financial controls is not applicable to the Company.

f. 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.

24. ACKNOWLEDGMENT

Your Directors would like to express their sincere appreciation for the assistance and co-operation received from the banks, Government authorities, customers, vendors and members during the year under review. Your Directors also wish to place on record their deep sense of appreciation for the committed services by the Company's executives, staff and workers.