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FASTRACK COMMUNICATIONS PRIVATE LIMITEDStandalone Financial Statements for period 01/04/2016 to 31/03/2017

[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR01/04/2016

to 31/03/2017

01/04/2015 to

31/03/2016

Name of company FASTRACK COMMUNICATIONS PRIVATE LIMITED

Corporate identity number U64200DL2008PTC179213

Permanent account number of entity AABCF2407J

Address of registered office of company

284, AMARPALI APARTMENT , I . P E X T E N S I O N , Patparganj New Delhi East Delhi , DELHI , INDIA - 110092

Type of industry C o m m e r c i a l a n d Industrial

Date of board meeting when final accounts were approved 15/06/2017

Period covered by financial statements 12 MONTHS 12 MONTHS

Date of start of reporting period 01/04/2016 01/04/2015

Date of end of reporting period 31/03/2017 31/03/2016

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

Yes

Complete postal address of place of maintenance of computer servers (storing accounting data)

P l o t N o . 3 4 7 B , E c o t e c h - I I I , U d y o g K e n d r a - I I , G r e a t e r Noida

Name of city of place of maintenance of computer servers (storing accounting data)

G r e a t e r Noida

Name of state/ union territory of place of maintenance of computer servers (storing accounting data)

U t t a r Pradesh

Pin code of place of maintenance of computer servers (storing accounting data)

201306

Name of district of place of maintenance of computer servers (storing accounting data)

U t t a r Pradesh

ISO country code of place of maintenance of computer servers (storing accounting data)

IN

Name of country of place of maintenance of computer servers (storing accounting data)

India

Phone (with STD/ ISD code) of place of maintenance of computer servers (storing accounting data) 0120-2446800

2

FASTRACK COMMUNICATIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of principal product or services [Table] ..(1)

Unless otherwise specified, all monetary values are in INRTypes of principal product or services [Axis] 1

01/04/2016 to

31/03/2017Disclosure 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 9988

Description of product or service category

MANUFECTURINGSERVICES ONPHYSICAL INPUTSOWNED BYOTHERS

Turnover of product or service category 193,05,24,457

Highest turnover contributing product or service (ITC 8 digit) code 99887590

Description of product or service

Manufacturing andtrading in its mobilephones andaccessories

Turnover of highest contributing product or service 193,05,24,457

[400400] Disclosures - Directors report

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Unless otherwise specified, all monetary values are in INRMaterial contracts/arrangements/transactions at arm's length basis [Axis] 01

01/04/2016 to

31/03/2017

Name of related party VictronicsCommunicationsPrivate Limited

Nature of related party relationship Director or hisrelative

Details of material contracts/arrangements/transactions at arm's length basis [Abstract] Details of material contracts/arrangements/transactions at arm's length basis [LineItems]

Name of related party VictronicsCommunicationsPrivate Limited

Nature of related party relationship Director or hisrelative

Description of nature of material contracts/arrangements/transactions with related party Sale and PurchaseOf goods

Duration of material contracts/arrangements/transactions with related party 01-04-2016 -31-03-2017

Dates of approval of material contracts/arrangements/transactions with related party by board 14/11/2015

Amount paid as advances if any for material contracts/arrangements/transactions with related party 0

Details of directors signing board report [Table] ..(1)

Unless otherwise specified, all monetary values are in INRDirectors signing board report [Axis] 1 2

01/04/2016 to

31/03/2017

01/04/2016 to

31/03/2017 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 KAPIL YOGESH

Middle name of director KUMAR

Last name of director CHUGH CHUGH

Designation of director Managing Director Director

Director identification number of director 00341079 07056193

Date of signing board report 15/06/2017 15/06/2017

3



to 31/03/2017

Disclosure in board of directors report explanatory [TextBlock] Textual information (1) [See below]

Description of state of companies affair

The company during the f inanc ia l yea r end ing 3 1 s t M a r c h , 2 0 1 7 h a s earned a profi t af ter tax o f R s . 1,54,27,163/-

Disclosure relating to amounts if any which is proposed to carry to any reserves

T h e r e i s n o a m o u n t which is proposed to be carried out.

Disclosures relating to amount recommended to be paid as dividend Textual information (2) [See below]

Details regarding energy conservation Textual information (3) [See below]

Details regarding technology absorption Textual information (4) [See below]

Details regarding foreign exchange earnings and outgo Textual information (5) [See below]

Disclosures in director’s responsibility statement Textual information (6) [See below]

Details of material changes and commitment occurred during period affecting financial position of company

Textual information (7) [See below]

Particulars of loans guarantee investment under section 186 [TextBlock] Textual information (8) [See below]

Particulars of contracts/arrangements with related parties under section 188(1) [TextBlock]


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

Yes

Date of board of directors' meeting in which board's report referred to under section 134 was approved

15/06/2017

Disclosure of extract of annual return as provided under section 92(3) [TextBlock]


Disclosure of statement on declaration given by independent directors under section 149(6) [TextBlock]


Disclosure for companies covered under section 178(1) on directors appointment and remuneration including other matters provided under section 178(3) [TextBlock]


Disclosure of statement on development and implementation of risk management policy [TextBlock]


Details on policy development and implementation by company on corporate social responsibility initiatives taken during year [TextBlock]


Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]

Disclosure of financial summary or highlights [TextBlock] Textual information (15) [See below]

Disclosure of change in nature of business [TextBlock]

T h e r e i s n o c h a n g e i n t h e n a t u r e o f i t s business.

Details of directors or key managerial personnels who were appointed or have resigned during year [TextBlock]


4


Disclosure of companies which have become or ceased to be its subsidiaries, joint ventures or associate companies during year [TextBlock]

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

T h e Company does not have any Associate, Joint venture a n d S u b s i d i a r y Company.

Details relating to deposits covered under chapter v of companies act [TextBlock]

DEPOSITS

T h e C o m p a n y h a s n e i t h e r accepted nor renewed any deposits during the year u n d e r review.

Details of deposits which are not in compliance with requirements of chapter v of act [TextBlock]

DEPOSITS

T h e C o m p a n y h a s n e i t h e r accepted nor renewed any deposits during the year u n d e r review.

Details of significant and material orders passed by regulators or courts or tribunals impacting going concern status and company’s operations in future [TextBlock]


Details regarding adequacy of internal financial controls with reference to financial statements [TextBlock]


Disclosure of appointment and remuneration of managerial personnels [TextBlock]

C o m p a n y h a s n o t appointed any managerial pe r sonne l du r ing t he f i n a n c i a l y e a r u n d e r review

Disclosure of composition of audit committee and non-acceptance of any recommendation of audit committee along with reasons [TextBlock]


Disclosure of details of establishment of vigil mechanism [TextBlock] Textual information (20) [See below]

Number of meetings of board [pure] 18

5


Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

DIRECTORS' REPORT :

To the Members,

Your Directors have pleasure in submitting their 9th Annual Report of the Company together with the Audited Statements of Accounts for theyear ended 31st March, 2017.

1. FINANCIAL RESULTS

The company during the financial year ending 31st March, 2017 has earned a profit after tax of Rs. 1,54,27,163/- (Previous year profit after tax ofRs 1,34,69,822/-).

2. DIVIDEND

The Board of Directors has not recommended any Dividend during the financial year, due to conservation of financial resources for future growth.

3. TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCTION AND PROTECTION FUND

The provisions of Section 125(2) of the Companies Act, 2013 do not apply as there was no unclaimed dividend, which is to be transferred toInvestor education and Protection Fund.

4. REVIEW OF BUSINESS OPERATIONS AND FUTURE PROSPECTS

Our Company is engaged in the Business of Manufacturing, trading & dealing in all types of telecommunication and computer equipments.During the Financial year the Company has turnover of Rs. 1,930,524,457/- from its Business operations.

5. MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY OCCURREDBETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THIS FINANCIAL STATEMENTS RELATE AND THE DATE OF THEREPORT

There has not occurred any material changes and commitments which affects, the financial position of the Company, after the end of the financialyear under review and upto the date of this report

6. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

Since the company is engaged in manufacturing activity as per the provisions of Section 134(3)(m) of the Companies Act, 2013 read with Rule, 8of The Companies (Accounts) Rules, 2014 as detailed in Annexure-A.

7. STATEMENT CONCERNING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY OF THE COMPANY

The Company is yet to have any Risk Management Policy as the elements of risk threatening the Company’s existence are very minimal.

8. DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILITYINITIATIVES

6


The provision of Section 135 of Companies Act, 2013 regarding Corporate Social Responsibility does not apply to company.

9. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186 OF THE COMPANIES ACT, 2013

The company has not provide any loans, give guarantees or made any investments during the financial year under review which falls within thepurview of Section 186 of the Companies Act, 2013.

10. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

The company has entered into a contract of purchase with Victronics Communications Private Limited pursuant to Section 188 of the CompaniesAct 2013, during the year under review, as detailed in form AOC-2 furnished in Annexure B and is attached to this Report.

11. EXPLANATION OR COMMENTS ON QUALIFICATIONS, RESERVATIONS OR ADVERSE REMARKS OR DISCLAIMERS MADEBY THE AUDITORS AND THE PRACTICING COMPANY SECRETARY IN THEIR REPORTS

There were no qualifications, reservations or adverse remarks made by the Auditors in their report.

Secretarial Audit Report

The provisions relating to submission of Secretarial Audit Report is not applicable to the Company.

12. COMPANY’S POLICY RELATING TO DIRECTORS APPOINTMENT, PAYMENT OF REMUNERATION AND DISCHARGE OFTHEIR DUTIES

The provisions of Section 178(1) relating to constitution of Nomination and Remuneration Committee are not applicable to the Company andhence the Company has not devised any policy relating to appointment of Directors, payment of Managerial remuneration, Directorsqualifications, positive attributes, independence of Directors and other related matters as provided under Section 178(3) of the Companies Act,2013.

13. ANNUAL RETURN

The extracts of Annual Return pursuant to the provisions of Section 92 read with Rule 12 of the Companies (Management and administration)Rules, 2014 is furnished in Annexure C and is attached to this Report.

14. NUMBER OF BOARD MEETINGS CONDUCTED DURING THE YEAR UNDER REVIEW

The Company had 18 (Eighteen) Board meetings i.e. 11/04/2016, 27/04/2016, 10/05/2016, 20/05/2016, 01/06/2016, 20/06/2016, 04/07/2016,15/07/2016, 18/07/2016, 22/10/2016, 02/11/2016, 20/12/2016, 26/12/2016, 25/01/2017, 01/02/2017, 28/02/2017, 01/03/2017 and 28/03/2017during the financial year under review.

15. DIRECTORS RESPONSIBILITY STATEMENT

In accordance with the provisions of Section 134(5) of the Companies Act, 2013 the Board hereby submit its responsibility Statement:—

(a) in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating tomaterial departures;

(b) the directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable andprudent 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 and loss of thecompany for that period;

(c) the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this

7


Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

(d) the directors had prepared the annual accounts on a going concern basis; and

(f) the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequateand operating effectively.

16. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

The Company does not have any Associate, Joint venture and Subsidiary Company.

17. DEPOSITS

The Company has neither accepted nor renewed any deposits during the year under review.

18. DIRECTORS

During the year and thereafter, there was no change in the Board of Directors except Appointment of Mr. Yogesh Kumar Chugh as AdditionalDirector w.e.f. 10th May, 2016 and has been regularized in the Annual General Meeting held on 25th July, 2016 and Resignation of Mrs.Priyanka Chugh from the post of Director w.e.f. 10th May, 2016.

19. DECLARATION OF INDEPENDENT DIRECTORS

The provisions of Section 149 pertaining to the appointment of Independent Directors do not apply to our Company.

20. STATUTORY AUDITORS

M/S MANOJ SANGEETA & ASSOCIATES, Chartered Accountants were appointed as the statutory auditors of the company to hold office for aterm of five years in the last Annual General Meeting subject to ratification by the shareholders at every Annual General Meeting. Theircontinuance of appointment and payment of remuneration are to be confirmed and approved in the ensuing Annual General Meeting. TheCompany has received a certificate from the above Auditors to the effect that if they are reappointed, it would be in accordance with theprovisions of Section 141 of the Companies Act, 2013.

21. DISCLOSURE OF COMPOSITION OF AUDIT COMMITTEE AND PROVIDING VIGIL MECHANISM

The provisions of Section 177 of the Companies Act, 2013 read with Rule 6 and 7 of the Companies (Meetings of the Board and its Powers)Rules, 2013 is not applicable to the Company.

22. SHARES

a. BUY BACK OF SECURITIES

The Company has not bought back any of its securities during the year under review.

b. SWEAT EQUITY

The Company has not issued any Sweat Equity Shares during the year under review.

c. BONUS SHARES

8


No Bonus Shares were issued during the year under review.

d. EMPLOYEES STOCK OPTION PLAN

The Company has not provided any Stock Option Scheme to the employees.

The Company has allotted following shares during the year:

Date No. of Shares

27/04/2016 1,02,104

01/06/2016 4,48,578

20/06/2016 70,000

11/02/2017 2,6,407

01/03/2017 1,32,591

23. ACKNOWLEDGEMENTS

The Directors place on record their sincere thanks to Employees, bankers, business associates, consultants, and various Government Authoritiesfor their continued support extended to your Companies activities during the year under review. Your Directors also acknowledges gratefully theshareholders for their support and confidence reposed on your Company.

BY ORDER OF THE BOARD

FOR FASTRACK COMMUNICATIONSPRIVATE LIMITED

KAPIL CHUGH YOGESH KUMAR CHUGH

(MANAGING DIRECTOR) Director

DIN-00341079 DIN -07056193

Address: HOUSE NO.355, SECTOR-21D.Address: C-302, 3RD FLOOR, STATUS ENCLAVE, KALINDI HILLS,ACHIEVERS BUILDERS, SECTOR-49,

FARIDABAD 121002 FARIDABAD 121001

Date: 15/06/2017

9


Place: NewDelhi

ANNEXURE A

Conservation of energy, research and development, technology absorption, foreign exchange earnings and outgo.

(A) Conservation of energy-

(i) the steps taken or impact on conservation of energy;

Our company operations involve low energy consumption. Our company has taken the following steps to reduce consumption of electricity:

-Replacement of conventional tube lights with LEDs in all locations.

-Lay outs changed in units to reduce air conditioning load.

-Optimizing load on Air Compressors and prevent air leakages.

(ii) the steps taken by the company for utilising alternate sources of energy;

The company is using electricity from the Power Distribution Companies and alternatively use generator for power generation.

(iii) the capital investment on energy conservation equipments;

The company has not made any specific capital investment on energy conservation equipment.

(B) Technology absorption-

(i) the efforts made towards technology absorption;

Our company is working to make the products viable by undertaking value engineering projects. Our company is also designing products that willbe efficient on consumption of power.

(ii) the benefits derived like product improvement, cost reduction, product development or import substitution;

The efforts made towards technology absorption will enable the business to be sustainable in the future. Our company has also developed LEDproducts and LED Drivers suitable for operations in adverse Indian power supply conditions.

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

Our Company has not imported any new technology during the year.

(iv) the expenditure incurred on Research and Development.

Our Company does not have any Research & Development Department, hence has not incurred any expenditure during the year

Expenditure on R&D: NIL

10


(C) Foreign exchange earnings and Outgo-

The Foreign Exchange earned in terms of actual inflows during the year and the Foreign Exchange outgo during the year in terms of actualoutflows are given hereunder:

In Rs.

2016-17 2015-16

Foreign exchange earnings - -

Foreign exchange outgoing 35,99,04,165 72,81,34,172





DIN-00341079 DIN -07056193

Address: HOUSE NO.355, SECTOR-21D. Address: C-302, 3RD FLOOR, STATUS ENCLAVE, KALINDI HILLS,ACHIEVERS BUILDERS, SECTOR-49,


Date: 15/06/2017

Place: NewDelhi

ANNEXURE “B”

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

FORM NO. AOC -2

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

11


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

1. Details of contracts or arrangements or transactions at Arm Length basis. - Contract 1

SL. No. Particulars Details

a) 1 Name (s) of the related party & nature of relationshipVictronics Communications Private Limited, influence bydirectors of the company.

b) 2 Nature of contracts/arrangements/transaction Sale and Purchase Of goods

c) 3 Duration of the contracts/arrangements/transaction 01-04-2016 – 31-03-2017

d) 4Salient terms of the contracts or arrangements or transactionincluding the value, if any

Value of Transactions happened between both the parties: Rs 4,96, 89, 392/-

e) 5 Date of approval by the Board 14.11.2015

f) 6 Amount paid as advances, if any Sale Price is received in advance





DIN-00341079 DIN -07056193

Address: HOUSE NO.355, SECTOR-21D. Address: C-302, 3RD FLOOR, STATUS ENCLAVE, KALINDI HILLS,ACHIEVERS BUILDERS, SECTOR-49,


Date: 15/06/2017

Place: NewDelhi

12


ANNEXURE “C”

Form No. MGT-9

EXTRACT OF ANNUAL RETURN

as on the financial year ended on 31st March 2017

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

I REGISTRATION & OTHER DETAILS:

i CIN U64200DL2008PTC179213

ii Registration Date 09/06/2008

iii Name of the Company FASTRACK COMMUNICATIONS PRIVATE LIMITED

iv Category/Sub-category of the Company COMPANY LIMITED BY SHARES/ INDIAN NON- GOVERNMENTCOMPANY

v Address of the Registered office & contact details

284, AMARPALI APARTMENT, I.P EXTENSION, PATPARGANJ NEWDELHI- 110092

vi Whether listed company NO

viiName, Address & contact details of the Registrar & TransferAgent, if any.

N/A

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.

SL No Name & Description of main products/services NIC Code of the Product /service

% to total turnover of the company

1 Manufacturing & Trading in mobile phones and its accessories 99612850 100%

III PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES.

Sl No Name & Address of the Company CIN/GLNHOLDING/ SUBSIDIARY/ ASSOCIATE

% OF SHARES HELD

APPLICABLE SECTION

1 N.A. N.A. N.A. N.A. N.A.

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity):

13


i) Category-wise Share Holding:

Category ofShareholders

No. of Sharesheld at thebeginning ofthe year




No. ofShares heldat the endof the year




%changeduringtheyear

Demat Physical Total% of TotalShares


A. Promoters

(1) Indian

a) Individual/HUF

-

374145

374145

44.52

-

949717

949717

51

-

b) Central Govt. or State Govt.

- - - - - - - - -

c) Bodies Corporate - 270405 270405 32.18 911313 911313 49 -

d) Bank/FI - - - - - - - - -

e) Any other

SUB TOTAL:(A) (1) - 644550 644550 76.70 - 1861030 1861030 100 -

(2) Foreign

a) NRI- Individuals - - - - - - - - -

b) Other Individuals - - - - - - - - -

c) Bodies Corp. - - - - - - - - -

d) Banks/FI - - - - - - - - -

e) Any other… - - - - - - - - -

SUB TOTAL (A) (2) - - - - - - - - -

14


Total Shareholding ofPromoter (A)= (A)(1)+(A)(2)

-

644550 644550 76.70 - - - - -

B. PUBLICSHAREHOLDING

(1) Institutions - - - - - - - - -

a) Mutual Funds - - - - - - - - -

b) Banks/FI - - - - - - - -

C) Central govt - - - - - - - - -

d) State Govt. - - - - - - - - -

e) Venture Capital Fund - - - - - - - - -

f) Insurance Companies - - - - - - - - -

g) FIIS - - - - - - - - -

h) Foreign Venture Capital Funds

- - - - - - - - -

i) Others (specify) - - - - - - - - -

SUB TOTAL (B)(1): - - - - - - - - -

(2) Non Institutions

a) Bodies corporate -

73605

73605

8.76- - - - -

i) Indian - - - - - - - - -

ii) Overseas - - - - - - - -

b) Individuals - - - - - - - - -

i) Individualshareholders holding nominal share capitalupto Rs.1 lakhs

- 122195 122195 14.54 - - - - -

15


ii) Individualsshareholders holdingnominal share capital inexcess of Rs. 1 lakhs

- - - - - - - - -

c) Others (specify) - - - - - - - - -

SUB TOTAL (B)(2):

Total PublicShareholding (B)= (B)(1)+(B)(2)

-

195800 195800 23.30 - - - -

-

C. Shares held byCustodian for GDRs & ADRs

- - - - - - - - -

Grand Total (A+B+C) - 840350 840350 100 - 1861030 1861030 100 NIL

(ii) SHARE HOLDING OF PROMOTERS

SlNo.

Shareholders Name

Shareholdingat the beginning ofthe year


Shareholding atthe beginning of theyear

Shareholdingat the end of theyear


Shareholding at the end of the year

% chan ge in share holding durin g the year

NO of shares

% of totalshares of thecompany

% of sharespledged encumbered tototal shares

NO of shares



1 Sandeep Mushran 232773 27.70 Nil 232773 12.51 Nil 12.51

2 Kapil Chugh 141372 16.82 Nil 519994 27.94 Nil 27.94

3.Yogesh KumarChugh

Nil Nil Nil 82748 4.45

Nil4.44

4.StaroramaTechnologies Pvt.Ltd.

202000 24.04 Nil 911313 49.00 Nil 49.00

5. Priyanka Chugh Nil Nil Nil 114262 6.14 Nil 6.14

TOTAL 232783 33.33 Nil 1861030 100 Nil 100

(iii) CHANGE IN PROMOTERS' SHAREHOLDING (PLEASE SPECIFY IF THERE IS NO CHANGE)

16


Sl.No. Particulars

Share holding at the beginningof the Year

Share holding at thebeginning of the Year

Cumulative Share holdingduring the year

CumulativeShareholdingduring theyear

No. of Shares% of total shares ofthe company

No of shares

% of totalshares ofthecompany

1. Sandeep Mushran

A At the beginning of the year 232773 27.70 232773 27.70

Date wise increase/decrease in PromotersShare holding during the year specifying thereasons for increase/decrease (e.g.allotment/transfer/bonus/sweat equity etc)

- - - -

At the end of the year 232773 12.51 232773 12.51

2. Kapil Chugh

At the beginning of the year 141372 16.82 141372 16.82


27/04/2016

141372 shares

(Transfer of 122195 sharesfrom Gopal Krishan Kalra toKapil Chugh)

27/04/2016

10,526 Right issue of shareshas been made to Mr. KapilChugh.

01/06/2016

2,50,842 Right issue of shareshas been made to Mr. KapilChugh.

15/07/2016

55,000 shares

(Transfer of 55,000 sharesfrom kapil chugh to Priyankachugh)

11/02/2017


16.82 519934 27.94

17


01/03/2017



3.Starorama Properties Private Limited(Presently Known as Starorama Tradingprivate limited)



20/06/2016

Transfer of 59,262shares fromStarorama Propertiesprivate limited toPriyanka Chugh

20/06/2016 Transfer of9143 shares fromStarorama Propertiesprivate limited to YogeshKumar Chugh.

20/06/2016

At the end of the year Nil Nil Nil Nil

4. Starorama Technologies Private Limited

At the beginning of the year 202000 202000 202000 202000

Date wise Increase / (Decrease )inPromoters Share holding during the yearspecifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/sweat equity etc):

27/04/2016 91,578 Right issueof Shares has been made toM/s Starorama Technologiespvt ltd.

01/06/2016

39,921 Right issue of shareshas been made to M/sStarorama Technologies pvtltd.

22/10/2016 Transfer of2,27,815 from VictronicsCommunications privatelimited to M/s StaroramaTechnologies pvt ltd.

11/02/2017

2,50,370 Right issue of shareshas been made to M/sStarorama Technologies pvtltd.

01/03/2017


At the End of the year 911131 49.00 911131 49.00

18


5. Yogesh Kumar Chugh

At the beginning of the year - - - -


20/06/2016 Transfer of 9,143shares from StaroramaProperties private Limited toMr. Yogesh Kumar Chugh.

04/07/2016

Transfer of 73,605 shares fromStarorama Properties privateLimited to Mr. Yogesh KumarChugh.

- 82,748 4.44

At the End of the year 82,748 4.44 82,748 4.44

6. Priyanka Chugh



20/06/2016 Transfer of 59,262shares from StaroramaProperties private Limited toMrs. Priyanka Chugh.

15/07/2016

Transfer of 55,000 shares fromKapil Chugh to Mr. PriyankaChugh.

- 1,14,262 6.14

At the End of the year 1,14,262 6.14 1,14,262 6.14

(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters & Holders of GDRs & ADRs)

Sl.No Particulars

Shareholdingat the end ofthe year


CumulativeShareholdingduring the year


For Each of the Top 10 Shareholders No. of shares% of totalshares of thecompany

No of shares% of total sharesof the company

1 Nil Nil Nil Nil Nil

At the beginning of the year Nil Nil Nil Nil

19


Date wise Increase / (Decrease )in Share holding during the yearspecifying the reasons for increase / decrease (e.g. allotment / transfer /bonus/ sweat equity etc):

Nil Nil Nil Nil

At the End of the year ( or on the date of separation, if separated duringthe year)

Nil Nil Nil Nil

(v) Shareholding of Directors & KMP

Sl.No

particulars Shareholding at the end of the yearShareholdingat the end ofthe year



For Each of the Directors & KMP No. of shares% of totalshares of thecompany

No of shares% of totalshares of thecompany

1. SANDEEP MUSHRAN

- At the beginning of the year 232773 27.70 232773 27.70

-

Date wise Increase / (Decrease )in Share holdingduring the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equityetc):

Nil Nil Nil Nil

At the End of the year 232773 12.51232773

12.51

2. YOGESH KUMAR CHUGH**

At the beginning of the year NIL NIL 82,748 4.44


20/06/2016 Transfer of 9,143 shares fromStarorama Properties private Limited toMr. Yogesh Kumar Chugh. 04/07/2016

Transfer of 73,605 shares from StaroramaProperties private Limited to Mr. YogeshKumar Chugh.


4. KAPIL CHUGH


27/04/2016 141372 shares (Transfer of

20



122195 shares from Gopal Krishan Kalrato Kapil Chugh)

27/04/2016

10,526 Right issue of shares has beenmade to Mr. Kapil Chugh.

01/06/2016

2,50,842 Right issue of shares has beenmade to Mr. Kapil Chugh.

15/07/2016

55,000 shares

(Transfer of 55,000 shares from kapilchugh to Priyanka chugh)

11/02/2017


01/03/2017


16.82 519934 27.94


V INDEBTEDNESS

Indebtedness of the Company including interest outstanding/accrued but notdue for payment

Secured Loans excluding deposits

Unsecured Loans

Deposits Total Indebtedness

Indebtness at the beginning of the financial year

i) Principal Amount 10,22,30,007 2,74,441 - 102,504,448

ii) Interest due but not paid - - - -

iii) Interest accrued but not due - - - -

Total (i+ii+iii) 10,22,30,007 2,74,441 - 102,504,448

Change in Indebtedness during the financial year

i) Additions 112,688,308 - - 112,688,308

ii) Reduction - 2,74,441 - 2,74,441

21


Net Change 112,688,308(Addition)

2,74,441(REDUCTION)

- 112,413,867

Indebtedness at the end of the financial year

i) Principal Amount 214,918,315 - - 214,918,315



Total (i+ii+iii) 214,918,315 - - 214,918,315

VI REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director, Whole time director and/or Manager:

Sl.

no.Particulars of Remuneration

Name ofMD/WTD/Manager




Total

Amount

KAPIL CHUGH

1.

Gross salary

(a) Salary as per provisions

contained in section 17(1)

of the Income-tax Act, 1961

24,00,000/-

(b) Value of perquisites u/s 17(2)Income-tax Act, 1961

(c) Profits in lieu of salary under section17(3) Income tax Act, 1961

2. Stock Option NIL

3. Sweat Equity NIL

22


4.Commission - as % of profit - others,specify…

NIL

5. Others, please specify NIL

Total (A)

Ceiling as per the Act

B. Remuneration to other director.

Sl.no.

Particulars of RemunerationName ofDirector

Name ofDirector

Name ofDirector

TotalAmount

3. Independent Directors NIL NIL NIL NIL

· Fee for attending board /committee meetings NIL NIL NIL NIL

· Commission NIL NIL NIL NIL

· Others, please specify NIL NIL NIL NIL

Total (1) NIL NIL NIL NIL

4. Other Non-Executive/Executive Directors SandeepMushran

Yogesh KumarChugh

PriyankaChugh

Total

· Fee for attending board /committee meetings · Commission ·Others, please specify

24,00,000 12,00,000 1,00,000 37,00,000

Total (2) 24,00,000 12,00,000 1,00,000 37,00,000

Total (B)=(1+2) 24,00,000 12,00,000 1,00,000 37,00,000

Total Managerial

Remuneration 24,00,000 12,00,000 1,00,000 37,00,000

Overall Ceiling as per the Act - - -

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD

Sl.Particulars of Remuneration

23


no.

CEO CompanySecretary

CFO Total

1.Gross salary (a) Salary as per Provisions containedin section 17(1) of the Income-tax Act, 1961

The company is not having anyCEO/CFO/Company Secretary or any otherKMP.

(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


2. Stock OptionThe company is not having anyCEO/CFO/Company Secretary or any otherKMP.

3. Sweat EquityThe company is not having anyCEO/CFO/Company Secretary or any otherKMP.

4. Commission - as % of profit - others, specify…The company is not having anyCEO/CFO/Company Secretary or any otherKMP.

5. Others, please specifyThe company is not having anyCEO/CFO/Company Secretary or any otherKMP.

TotalThe company is not having anyCEO/CFO/Company Secretary or any otherKMP.

VII PENALTIES/PUNISHMENT/COMPPOUNDING OF OFFENCES

TypeSection of theCompanies Act

BriefDescription

Details ofPenalty/Punishment/Compounding feesimposed

Authority(RD/NCLT/Court)

Appeal made if any(give details)

A. COMPANY

Penalty NIL NIL NIL NIL NIL

24


Punishment NIL NIL NIL NIL NIL

Compounding NIL NIL NIL NIL NIL

B. DIRECTORS




C. OTHER OFFICERSIN DEFAULT








DIN-00341079 DIN -07056193

Address: HOUSE NO.355, SECTOR-21D.Address: C-302, 3RD FLOOR, STATUS ENCLAVE, KALINDI HILLS,ACHIEVERS BUILDERS, SECTOR-49,


Date: 15/06/2017

Place: NewDelhi

25



Disclosures relating to amount recommended to be paid as dividendDIVIDEND The Board of Directors has not recommended any Dividend during the financial year, due to conservation of financial resources forfuture growth.


Details regarding energy conservationCONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO Since the companyis engaged in manufacturing activity as per the provisions of Section 134(3)(m) of the Companies Act, 2013 read with Rule, 8 of The Companies(Accounts) Rules, 2014 as detailed in Annexure-A. (A) Conservation of energy- (i) the steps taken or impact on conservation of energy; Ourcompany operations involve low energy consumption. Our company has taken the following steps to reduce consumption of electricity:-Replacement of conventional tube lights with LEDs in all locations. -Lay outs changed in units to reduce air conditioning load. -Optimizing loadon Air Compressors and prevent air leakages. (ii) the steps taken by the company for utilising alternate sources of energy; The company is usingelectricity from the Power Distribution Companies and alternatively use generator for power generation. (iii) the capital investment on energyconservation equipments; The company has not made any specific capital investment on energy conservation equipment.


Details regarding technology absorptionCONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO Since the companyis engaged in manufacturing activity as per the provisions of Section 134(3)(m) of the Companies Act, 2013 read with Rule, 8 of The Companies(Accounts) Rules, 2014 as detailed in Annexure-A. Technology absorption- (i) the efforts made towards technology absorption; Our company isworking to make the products viable by undertaking value engineering projects. Our company is also designing products that will be efficient onconsumption of power. (ii) the benefits derived like product improvement, cost reduction, product development or import substitution; Theefforts made towards technology absorption will enable the business to be sustainable in the future. Our company has also developed LEDproducts and LED Drivers suitable for operations in adverse Indian power supply conditions. (iii) in case of imported technology (importedduring the last three years reckoned from the beginning of the financial year)- Our Company has not imported any new technology during theyear. (iv) the expenditure incurred on Research and Development. Our Company does not have any Research & Development Department, hencehas not incurred any expenditure during the year Expenditure on R&D: NIL

26



Details regarding foreign exchange earnings and outgo CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO Since the companyis engaged in manufacturing activity as per the provisions of Section 134(3)(m) of the Companies Act, 2013 read with Rule, 8 of The Companies(Accounts) Rules, 2014 as detailed in Annexure-A. Foreign exchange earnings and Outgo- The Foreign Exchange earned in terms of actualinflows during the year and the Foreign Exchange outgo during the year in terms of actual outflows are given hereunder: In Rs. 2016-17 2015-16 Foreign exchange earnings - - Foreign exchange outgoing 35,99,04,165 72,81,34,172


Disclosures in director’s responsibility statement DIRECTORS RESPONSIBILITY STATEMENT In accordance with the provisions of Section 134(5) of the Companies Act, 2013 the Boardhereby submit its responsibility Statement:— (a) in the preparation of the annual accounts, the applicable accounting standards had been followedalong with proper explanation relating to material departures; (b) the directors had selected such accounting policies and applied them consistentlyand 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 theend of the financial year and of the profit and loss of the company for that period; (c) the directors had taken proper and sufficient care for themaintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and forpreventing and detecting fraud and other irregularities; (d) the directors had prepared the annual accounts on a going concern basis; and (f) thedirectors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate andoperating effectively.


Details of material changes and commitment occurred during period affecting financial position of companyMATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY OCCURREDBETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THIS FINANCIAL STATEMENTS RELATE AND THE DATE OF THEREPORT There has not occurred any material changes and commitments which affects, the financial position of the Company, after the end ofthe financial year under review and upto the date of this report


Particulars of loans guarantee investment under section 186 [Text Block]

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186 OF THE COMPANIES ACT, 2013

The company has not provide any loans, give guarantees or made any investments during the financial year under review which falls within thepurview of Section 186 of the Companies Act, 2013.

27



Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]

PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

The company has entered into a contract of purchase with Victronics Communications Private Limited pursuant to Section 188 of the CompaniesAct 2013, during the year under review, as detailed in form AOC-2 furnished in Annexure B and is attached to this Report.

ANNEXURE “B”

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

FORM NO. AOC -2

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

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

1. Details of contracts or arrangements or transactions at Arm Length basis. - Contract 1

SL. No. Particulars Details

a) 1 Name (s) of the related party & nature of relationship Victronics Communications Private Limited, influence bydirectors of the company.

b) 2 Nature of contracts/arrangements/transaction Sale and Purchase Of goods

c) 3 Duration of the contracts/arrangements/transaction 01-04-2016 – 31-03-2017

d) 4Salient terms of the contracts or arrangements or transactionincluding the value, if any

Value of Transactions happened between both the parties: Rs 4,96, 89, 392/-

e) 5 Date of approval by the Board 14.11.2015

f) 6 Amount paid as advances, if any Sale Price is received in advance



KAPIL CHUGHYOGESH KUMAR CHUGH

28



DIN-00341079 DIN -07056193

Address: HOUSE NO.355, SECTOR-21D.

Address: C-302, 3RD FLOOR, STATUS ENCLAVE, KALINDI HILLS,ACHIEVERS BUILDERS, SECTOR-49,


Date: JUNE15, 2017

Place: NewDelhi

29



Disclosure of extract of annual return as provided under section 92(3) [Text Block]

ANNUAL RETURN

The extracts of Annual Return pursuant to the provisions of Section 92 read with Rule 12 of the Companies (Management and administration)Rules, 2014 is furnished in Annexure C and is attached to this Report.

ANNEXURE “C”

Form No. MGT-9

EXTRACT OF ANNUAL RETURN

as on the financial year ended on 31st March 2017

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

I REGISTRATION & OTHER DETAILS:

i CIN U64200DL2008PTC179213

ii Registration Date 09/06/2008

iii Name of the Company FASTRACK COMMUNICATIONS PRIVATE LIMITED

iv Category/Sub-category of the CompanyCOMPANY LIMITED BY SHARES/ INDIAN NON- GOVERNMENTCOMPANY

vAddress of the Registered office & contact details

284, AMARPALI APARTMENT, I.P EXTENSION, PATPARGANJ NEWDELHI- 110092

vi Whether listed company NO

vii Name, Address & contact details of the Registrar & TransferAgent, if any.

N/A

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.

SL No Name & Description of main products/servicesNIC Code of the Product /service

% to total turnover of the company

1 Manufacturing & Trading in mobile phones and its accessories 99612850 100%

30


III PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES

Sl No Name & Address of the Company CIN/GLNHOLDING/ SUBSIDIARY/ ASSOCIATE

% OF SHARES HELD

APPLICABLE SECTION

1 N.A. N.A. N.A. N.A. N.A.

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity):

i) Category-wise Share Holding:

Category ofShareholders









%changeduringtheyear



A. Promoters

(1) Indian

a) Individual/HUF

-

374145

374145

44.52

-

949717

949717

51

-

b) Central Govt. or State Govt.

- - - - - - - - -

c) Bodies Corporate - 270405 270405 32.18 911313 911313 49 -

d) Bank/FI - - - - - - - - -

e) Any other

SUB TOTAL:(A) (1) - 644550 644550 76.70 - 1861030 1861030 100 -

(2) Foreign

a) NRI- Individuals - - - - - - - - -

b) Other Individuals - - - - - - - - -

31


c) Bodies Corp. - - - - - - - - -

d) Banks/FI - - - - - - - - -

e) Any other… - - - - - - - - -

SUB TOTAL (A) (2) - - - - - - - - -

Total Shareholding ofPromoter (A)= (A)(1)+(A)(2)

-644550 644550 76.70 - - - - -

B. PUBLICSHAREHOLDING

(1) Institutions - - - - - - - - -

a) Mutual Funds - - - - - - - - -

b) Banks/FI - - - - - - - -

C) Central govt - - - - - - - - -

d) State Govt. - - - - - - - - -

e) Venture Capital Fund - - - - - - - - -

f) Insurance Companies - - - - - - - - -

g) FIIS - - - - - - - - -

h) Foreign Venture Capital Funds

- - - - - - - - -

i) Others (specify) - - - - - - - - -

SUB TOTAL (B)(1): - - - - - - - - -

(2) Non Institutions

a) Bodies corporate - 73605 73605 8.76 - - - - -

i) Indian - - - - - - - - -

32


ii) Overseas - - - - - - - -

b) Individuals - - - - - - - - -

i) Individualshareholders holding nominal share capitalupto Rs.1 lakhs

- 122195 122195 14.54 - - - - -

ii) Individualsshareholders holdingnominal share capital inexcess of Rs. 1 lakhs

- - - - - - - - -

c) Others (specify) - - - - - - - - -

SUB TOTAL (B)(2):

Total PublicShareholding (B)= (B)(1)+(B)(2)

-

195800 195800 23.30 - - - -

-

C. Shares held byCustodian for GDRs & ADRs

- - - - - - - - -

Grand Total (A+B+C) - 840350 840350 100 - 1861030 1861030 100 NIL

(ii) SHARE HOLDING OF PROMOTERS

SlNo.

Shareholders Name



Shareholding atthe beginning of theyear



Shareholding at the end of the year

% chan ge in share holding durin g the year

NO of shares



NO of shares



1 Sandeep Mushran 232773 27.70 Nil 232773 12.51 Nil 12.51

2 Kapil Chugh 141372 16.82 Nil 519994 27.94 Nil 27.94

3.Yogesh KumarChugh Nil Nil Nil 82748 4.45

Nil4.44

4.StaroramaTechnologies Pvt. 202000 24.04 Nil 911313 49.00 Nil 49.00

33


Ltd.

5. Priyanka Chugh Nil Nil Nil 114262 6.14 Nil 6.14

TOTAL 232783 33.33 Nil 1861030 100 Nil 100

(iii) CHANGE IN PROMOTERS' SHAREHOLDING (PLEASE SPECIFY IF THERE IS NO CHANGE)

Sl.No.

ParticularsShare holding at the beginningof the Year

Share holding at thebeginning of the Year

Cumulative Share holdingduring the year


No. of Shares % of total shares ofthe company

No of shares

% of totalshares ofthecompany

1. Sandeep Mushran

A At the beginning of the year 232773 27.70 232773 27.70


- - - -


2. Kapil Chugh



27/04/2016

141372 shares

(Transfer of 122195 sharesfrom Gopal Krishan Kalra toKapil Chugh)

27/04/2016


01/06/2016

2,50,842 Right issue of shareshas been made to Mr. KapilChugh.

15/07/201616.82 519934 27.94

34


55,000 shares

(Transfer of 55,000 sharesfrom kapil chugh to Priyankachugh)

11/02/2017


01/03/2017



3.Starorama Properties Private Limited(Presently Known as Starorama Tradingprivate limited)



20/06/2016

Transfer of 59,262shares fromStarorama Propertiesprivate limited toPriyanka Chugh

20/06/2016 Transfer of9143 shares fromStarorama Propertiesprivate limited to YogeshKumar Chugh.

20/06/2016

At the end of the year Nil Nil Nil Nil

4. Starorama Technologies Private Limited

At the beginning of the year 202000 202000 202000 202000


27/04/2016 91,578 Right issueof Shares has been made toM/s Starorama Technologiespvt ltd.

01/06/2016


22/10/2016 Transfer of2,27,815 from VictronicsCommunications privatelimited to M/s StaroramaTechnologies pvt ltd.

11/02/2017

2,50,370 Right issue of shareshas been made to M/s

35


Starorama Technologies pvtltd.

01/03/2017



5. Yogesh Kumar Chugh



20/06/2016 Transfer of 9,143shares from StaroramaProperties private Limited toMr. Yogesh Kumar Chugh.

04/07/2016

Transfer of 73,605 shares fromStarorama Properties privateLimited to Mr. Yogesh KumarChugh.

- 82,748 4.44


6. Priyanka Chugh



20/06/2016 Transfer of 59,262shares from StaroramaProperties private Limited toMrs. Priyanka Chugh.

15/07/2016

Transfer of 55,000 shares fromKapil Chugh to Mr. PriyankaChugh.

- 1,14,262 6.14

At the End of the year 1,14,262 6.14 1,14,262 6.14

(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters & Holders of GDRs & ADRs)

Sl.No Particulars





36


For Each of the Top 10 Shareholders No. of shares% of totalshares of thecompany

No of shares% of total sharesof the company

1 Nil Nil Nil Nil Nil

At the beginning of

the yearNil Nil Nil Nil

Date wise Increase / (Decrease )in Share holding during the yearspecifying the reasons for increase / decrease (e.g. allotment / transfer /bonus/ sweat equity etc):

Nil Nil Nil Nil

At the End of the year ( or on the date of separation, if

separated during the

year)

Nil Nil Nil Nil

(v) Shareholding of Directors & KMP

Sl.No

particulars Shareholding at the end of the yearShareholdingat the end ofthe year



For Each of the Directors & KMP No. of shares% of totalshares of thecompany

No of shares% of totalshares of thecompany

1. SANDEEP MUSHRAN

- At the beginning of the year 232773 27.70 232773 27.70

-Date wise Increase / (Decrease )in Share holding duringthe year specifying the reasons for increase / decrease(e.g. allotment / transfer / bonus/ sweat equity etc):

Nil Nil Nil Nil

At the End of the year232773

12.51

232773

12.51

2. YOGESH KUMAR CHUGH**

At the beginning of the year NIL NIL 82,748 4.44

Date wise Increase / (Decrease )in Share holding during

20/06/2016 Transfer of 9,143 sharesfrom Starorama Properties privateLimited to Mr. Yogesh Kumar Chugh.

04/07/2016

37


the year specifying the reasons for increase / decrease(e.g. allotment / transfer / bonus/ sweat equity etc): Transfer of 73,605 shares from

Starorama Properties private Limitedto Mr. Yogesh Kumar Chugh.


4. KAPIL CHUGH


Date wise Increase / (Decrease )in Share holding duringthe year specifying the reasons for increase / decrease(e.g. allotment / transfer / bonus/ sweat equity etc):

27/04/2016

141372 shares

(Transfer of 122195 shares fromGopal Krishan Kalra to Kapil Chugh)

27/04/2016


01/06/2016

2,50,842 Right issue of shares hasbeen made to Mr. Kapil Chugh.

15/07/2016

55,000 shares

(Transfer of 55,000 shares from kapilchugh to Priyanka chugh)

11/02/2017


01/03/2017


16.82 519934 27.94


V INDEBTEDNESS

Indebtedness of the Company including interest outstanding/accrued but notdue for payment

Secured Loans excluding deposits

Unsecured Loans

Deposits Total Indebtedness

Indebtness at the beginning of the financial year

i) Principal Amount 10,22,30,007 2,74,441 - 102,504,448

38




Total (i+ii+iii) 10,22,30,007 2,74,441 - 102,504,448

Change in Indebtedness during the financial year

i) Additions 112,688,308 - - 112,688,308

ii) Reduction - 2,74,441 - 2,74,441

Net Change112,688,308(Addition)

2,74,441(REDUCTION)

- 112,413,867

Indebtedness at the end of the financial year

i) Principal Amount 214,918,315 - - 214,918,315



Total (i+ii+iii) 214,918,315 - - 214,918,315

VI REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director, Whole time director and/or Manager:

Sl.






Total

Amount

KAPIL CHUGH

1.

Gross salary

(a) Salary as per provisions

contained in section 17(1)

of the Income-tax Act, 1961

24,00,000/-

(b) Value of perquisites u/s

17(2) Income-tax Act, 1961

39


(c) Profits in lieu of salary

under section 17(3) Income taxAct, 1961

2. Stock Option NIL

3. Sweat Equity NIL

4.

Commission

- as % of profit

- others, specify…

NIL

5. Others, please specify NIL

Total (A)

Ceiling as per the Act

B. Remuneration to other director.

Sl.


Name ofDirector Name of Director

Name ofDirector

Total

Amount

3. Independent Directors

· Fee for attending board /committee meetings

· Commission

· Others, please specify

NIL NIL NIL NIL

Total (1) NIL NIL NIL NIL

4. Other Non-Executive/Executive

Directors

SandeepMushran

Yogesh KumarChugh

PriyankaChugh

Total

· Fee for attending board /committee meetings· Commission·Others, please specify

24,00,000 12,00,000 1,00,000 37,00,000

Total (2)

24,00,000

12,00,000

1,00,000

37,00,000

40


Total (B)=(1+2)

24,00,000

12,00,000

1,00,000

37,00,000

Total Managerial

Remuneration

24,00,000

12,00,000

1,00,000

37,00,000

Overall Ceiling as per the Act - - -

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD

Sl.


CEOCompany

SecretaryCFO Total

1.

Gross salary

(a) Salary as per Provisions contained in section 17(1) ofthe Income-tax Act, 1961

The company is not having any CEO/CFO/CompanySecretary or any other KMP.

(b) Value of perquisites u/s

17(2) Income-tax Act, 1961


(c) Profits in lieu of salary under section 17(3) Income-taxAct, 1961


2. Stock Option The company is not having any CEO/CFO/CompanySecretary or any other KMP.

3. Sweat Equity The company is not having any CEO/CFO/CompanySecretary or any other KMP.

4. Commission - as % of profit- others, specify… The company is not having any CEO/CFO/CompanySecretary or any other KMP.

5.Others, please

specify


Total The company is not having any CEO/CFO/CompanySecretary or any other KMP.

41


VII PENALTIES/PUNISHMENT/COMPPOUNDING OF OFFENCES

Type Section of theCompanies Act

BriefDescription

Details of Penalty/Punishment/ Compounding fees imposed

Authority(RD/NCLT/Court)

Appeal made if any(give details)

A. COMPANY




B. DIRECTORS




C. OTHER OFFICERSIN DEFAULT








DIN-00341079 DIN -07056193

Address: C-302, 3RD FLOOR, STATUS ENCLAVE, KALINDI HILLS,

42


Address: HOUSE NO.355, SECTOR-21D. ACHIEVERS BUILDERS, SECTOR-49,


Date: 15/06/2017

Place: NewDelhi


Disclosure of statement on declaration given by independent directors under section 149(6) [Text Block]

DECLARATION OF INDEPENDENT DIRECTORS

The provisions of Section 149 pertaining to the appointment of Independent Directors do not apply to our Company.

43



Disclosure for companies covered under section 178(1) on directors appointment and remuneration including othermatters provided under section 178(3) [Text Block]

COMPANY’S POLICY RELATING TO DIRECTORS APPOINTMENT, PAYMENT OF REMUNERATION AND DISCHARGE OF THEIRDUTIES

The provisions of Section 178(1) relating to constitution of Nomination and Remuneration Committee are not applicable to the Company andhence the Company has not devised any policy relating to appointment of Directors, payment of Managerial remuneration, Directorsqualifications, positive attributes, independence of Directors and other related matters as provided under Section 178(3) of the Companies Act,2013.


Disclosure of statement on development and implementation of risk management policy [Text Block]

STATEMENT CONCERNING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY OF THE COMPANY

The Company is yet to have any Risk Management Policy as the elements of risk threatening the Company’s existence are very minimal.

44



Details on policy development and implementation by company on corporate social responsibility initiatives takenduring year [Text Block]

DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILITYINITIATIVES

The provision of Section 135 of Companies Act, 2013 regarding Corporate Social Responsibility does not apply to company.


Disclosure of financial summary or highlights [Text Block]

FINANCIAL RESULTS

The company during the financial year ending 31st March, 2017 has earned a profit after tax of Rs. 1,54,27,163/- (Previous year profit after tax ofRs 1,34,69,822/-).


Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]

DIRECTORS

During the year and thereafter, there was no change in the Board of Directors except Appointment of Mr. Yogesh Kumar Chugh as AdditionalDirector w.e.f. 10th May, 2016 and has been regularized in the Annual General Meeting held on 25th July, 2016 and Resignation of Mrs.Priyanka Chugh from the post of Director w.e.f. 10th May, 2016.

45



Details of significant and material orders passed by regulators or courts or tribunals impacting going concern statusand company’s operations in future [Text Block]

There are no significant and materials order passed by regualtors or court or tribunal impacting going concern status and company operations infuture except those mentioned in Audit report related to sales tax Demand.


Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]

The Board has adopted policies and procedures for ensuring the orderly and efficient conduct of its business, including adherence to theCompany’s policies, the safeguarding of its assets, the prevention and detection of fraud, error reporting mechanism, the accuracy andcompleteness of the accounting records, and the timely preparation of reliable financial disclousers


Disclosure of composition of audit committee and non-acceptance of any recommendation of audit committee alongwith reasons [Text Block]

DISCLOSURE OF COMPOSITION OF AUDIT COMMITTEE AND PROVIDING VIGIL MECHANISM


46



Disclosure of details of establishment of vigil mechanism [Text Block]

DISCLOSURE OF COMPOSITION OF AUDIT COMMITTEE AND PROVIDING VIGIL MECHANISM


47


[400200] Disclosures - Auditors report

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 notapplicable[Member]

01/04/2016 to

31/03/2017

01/04/2016 to

31/03/2017 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

The company ismaintaining properrecords showing fullparticulars, includingquantitative detailsand situation ofFixed Assets.

Disclosure relating to quantitative details of fixed assets

The company ismaintaining properrecords showing fullparticulars, includingquantitative detailsand situation ofFixed Assets.

Disclosure relating to physical verification and material discrepancies of fixed assets

Textual information(21) [See below]

Disclosure relating to title deeds of immovable properties

The clause is notapplicable, as therea r e no anyimmovableproperties (such asLand, Building etc.)in the name of thecompany.

Disclosure in auditors report relating to inventories Textual information(22) [See below]

Disclosure in auditors report relating to loans Textual information(23) [See below]

Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013

In respect of Loans,Investments,Guarantees andSecurity, theprovisions of section185 & 186 of theCompanies Act,2013 has beencomplied with.

Disclosure in auditors report relating to deposits accepted Textual information(24) [See below]

Disclosure in auditors report relating to maintenance of cost records

The Central Govt.has prescribed themaintenance of costrecords as persection 148 (1) ofthe Companies Act2013 for any of thes e r v i c erendered/tradingbusiness by thecompany.

Disclosure in auditors report relating to statutory dues [TextBlock] Textual information(25) [See below]

Disclosure in auditors report relating to default in repayment of financial dues Textual information(26) [See below]

48


Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised

The Company hasnot raised anymoney throughinitial public offer(including debtinstruments) and noterm loan has takenduring the year. Theclause is notapplicable.

Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees reported during period

There is no anyfraud by thecompany or anyfraud on thecompany by itsoff icers oremployees has beennoticed or reportedduring the year.

Disclosure in auditors report relating to managerial remuneration

The Clause relatingto remuneration limitto directors undersection 197 of theCompanies Act,2013, is notapplicable to PrivateLimited Company.

Disclosure in auditors report relating to Nidhi Company

The company is nota Nidhi Companyhence provision toclause 3(Xii) is notapplicable.

Disclosure in auditors report relating to transactions with related parties Textual information(27) [See below]

Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible debentures

The company hasnot made anypreferentialallotment or privateplacement of sharesor fully or partlyconvertibledebentures duringthe year underreview.

Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him

The company hasnot entered into noncash transactionswith directors orpersons connectedwith him and there isno contravention tosection 192 of theCompanies Act,2013.

Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of India Act, 1934

The Company is notrequired to beregistered undersection 45-IA of theRBI Act, 1934 andregistrationprocedure is notapplicable.

49


Details regarding auditors [Table] ..(1)

Unless otherwise specified, all monetary values are in INRAuditors [Axis] 1

01/04/2016 to

31/03/2017 Details regarding auditors [Abstract] Details regarding auditors [LineItems] Category of auditor Auditors firm

Name of audit firm Manoj Sangeeta &Associates

Name of auditor signing report Manoj Kumar

Firms registration number of audit firm 021873N

Membership number of auditor 098161

Address of auditors

405, 4TH FLOOR,SIDDHARTHBUILDING,96,N E H R UPLACE,NEWDELHI-110019

Permanent account number of auditor or auditor's firm AARFM3909M

SRN of form ADT-1 G08570913

Date of signing audit report by auditors 15/06/2017

Date of signing of balance sheet by auditors 15/06/2017


to 31/03/2017

Disclosure in auditor’s report explanatory [TextBlock] Textual information (28) [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


Disclosure relating to physical verification and material discrepancies of fixed assetsThe fixed assets have been physically verified by the management during the year, which in our opinion is reasonable, having regard to the size ofthe Company and the nature of fixed assets. No material discrepancies were noticed during the year on such physical verification.


Disclosure in auditors report relating to inventoriesPhysical verification of inventory has been carried out during the year at reasonable intervals by the management. A proper record of itsinventories has been maintained and no material discrepancies were noticed.


Disclosure in auditors report relating to loansAccording to information and explanation given to us the Company has neither granted any loan secured or unsecured to companies, firms andLLPs or other parties covered in the register maintained under section 189 of the Companies Act, 2013 hence other Para(a), (b) and (c) of thisclause is not applicable.


Disclosure in auditors report relating to deposits acceptedThe Company has not accepted any deposit during the year within the meaning of Section 73 to Section 76 of the Companies Act, 2013 read withthe Rules framed there under, therefore the provisions of the Companies (Auditors Report) order, 2016, are not applicable to the company.

50



Disclosure in auditors report relating to statutory dues [Text Block]

a) According to the information and explanation given to us and on the basis of our verification of records of the company, the company isgenerally regular in depositing with appropriate authorities undisputed applicable statutory dues, including provident fund, investor education andprotection fund , employee state insurance, value added tax, wealth tax. Service tax excise duty, custom duty, cess and any other statutory duesapplicable to it. According to the information and explanation given to us there are no material undisputed amounts payable in respect of statutorydues which have remained outstanding as on March 31st ,2017 for a period of more than six months from the date from which they becamepayable.

b) According to the records of the company and information and explanation given to us there are no dues of sales tax or wealth tax or duty ofcustoms or duty of excise or value added tax or cess which has not been deposited on the account of dispute with appropriate authorities exceptthe following Income Tax/Vat/other demands (as applicable) which are appearing in the parties account as per Income Tax Portal.

Name of the Statute Nature of the due Amount Period to which relates Status of demand Outstanding

Sales Tax Department, Bihar Entry Tax 15.23 Lacs 2011-12 Commissioner(Appeals), Patna,



According to the information and explanations given to us, there are no amounts that are required to be transferred to Investors Education andProtection Fund during the year in accordance with the relevant provisions of the Companies Act, 1956.


Disclosure in auditors report relating to default in repayment of financial duesAccording to the records of the company examined by us and the information and explanation given to us, the company has not defaulted inrepayment of dues to any financial institution or bank as at balance sheet date.


Disclosure in auditors report relating to transactions with related partiesAll the transactions with the related parties are in compliance with section 177 and 188 of the Companies Act, 2013 and applicable details havebeen disclosed in financial statements etc.

51



Disclosure in auditor’s report explanatory [Text Block]

INDEPENDENT AUDITOR’S REPORT

To,

The Members of

Fastrack Communications Pvt Ltd

Report on the Financial Statements

We have audited the accompanying financial statements of Fastrack Communications Pvt. Ltd. ("the Company"), which comprise the BalanceSheet as at 31st March, 2017, the Statement of Profit and Loss for the year and the Cash Flow Statement for the year then ended, and a summaryof significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statement

The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (“the Act”) with respect tothe preparation of these financial statements that give a true and fair view of the financial position and financial performance of the Company inaccordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act,read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes maintenance of adequate accounting records inaccordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and otherirregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; anddesign, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy andcompleteness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view andare free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We have taken into account the provisions of the Act,the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and theRules made there under.

We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require thatwe comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements arefree from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. Theprocedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements,whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company’spreparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances,but not for the purpose of expressing an opinion on whether the Company has in place an adequate internal financial control system over financialreporting and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of the accounting policies usedand the reasonableness of the accounting estimates made by the Company’s Directors, as well as evaluating the overall presentation of thefinancial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified audit opinion on thefinancial statements.

Opinion

52


In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give theinformation required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generallyaccepted in India, of the state of affairs of the Company as at 31 March 2017 and its profit for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor’s Report) Order, 2016 (“the Order”) issued by the Central Government of India in terms of sub-section(11) of section 143 of the Act, we give in the Annexure “1” a statement on the matters specified in the paragraph 3 and 4 of the Order, to theextent applicable.

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 thepurposes 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 thosebooks and proper returns adequate for the purpose of this audit have been received from branches not visited by us.

c) The accounts of the branch has been audited by us on centralised place of Records and all information regarding branch has been dealt with.

d) The Balance Sheet the Statement of Profit and Loss dealt with by this Report are in agreement with the books of account.

e) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read withRule 7 of the Companies (Accounts) Rules, 2014.

f) The observation or comments by the auditor has not any adverse effects on the financial statement of the company.

g) On the basis of the written representations received from the directors as on March 31, 2017, and taken on record by the Board of Directors,none of the directors is disqualified as on March 31, 2017, from being appointed as a director in terms of Section 164(2) of the Act.

h) There is no such qualification or adverse remarks regarding maintenance of accounts and other matters therewith.

i) With respect to the other matters to be included in the Auditor’s 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 disclosed the impact of pending litigations as at 31st March 2017 on its financial positions in its financial statements – (Refernote no. 20 to the financial statements).

ii. The Company does 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.

iv. The Company has provided requisite disclosures in the financial statements as regards its holding and dealings in Specified Bank Notes asdefined in the Notification S.O. 3407(E) dated the 8th November, 2016 of the Ministry of Finance, during the period from 8th November 2016 to30th December 2016; and such disclosures are in accordance with the books of accounts maintained by the Company

For Manoj Sangeeta & Associates

Chartered Accountants

Registration Number: 021873N

53


(Manoj Kumar)

Partner

Place: New Delhi Membership Number : 098161

Date: 15/06/2017

ANNEXURE “A” TO THE INDEPENDENT AUDITORS' REPORT

(Annexure Referred to in paragraph (1) of “Report on Other Legal and Regulatory Requirements “of the Independent Auditors’ Report of evendate to the members of Fastrack Communications Pvt Ltd. on the financial statements for the year ended on March 31, 2017.)

i. (a) The company is maintaining proper records showing full particulars, including quantitative details and situation of Fixed Assets.

(b) The fixed assets have been physically verified by the management during the year, which in our opinion is reasonable, having regard to thesize of the Company and the nature of fixed assets. No material discrepancies were noticed during the year on such physical verification.

(c) The clause is not applicable, as there are no any immovable properties (such as Land, Building etc.) in the name of the company.

ii. Physical verification of inventory has been carried out during the year at reasonable intervals by the management. A proper record of itsinventories has been maintained and no material discrepancies were noticed.

iii. According to information and explanation given to us the Company has neither granted any loan secured or unsecured to companies, firms andLLPs or other parties covered in the register maintained under section 189 of the Companies Act, 2013 hence other Para(a), (b) and (c) of thisclause is not applicable.

iv. In respect of Loans, Investments, Guarantees and Security, the provisions of section 185 & 186 of the Companies Act, 2013 has beencomplied with.

v. The Company has not accepted any deposit during the year within the meaning of Section 73 to Section 76 of the Companies Act, 2013 readwith the Rules framed there under, therefore the provisions of the Companies (Auditors Report) order, 2016, are not applicable to the company.

vi. The Central Govt. has prescribed the maintenance of cost records as per section 148 (1) of the Companies Act 2013 for any of the servicerendered/trading business by the company.

vii. a) According to the information and explanation given to us and on the basis of our verification of records of the company, the company isgenerally regular in depositing with appropriate authorities undisputed applicable statutory dues, including provident fund, investor education andprotection fund , employee state insurance, value added tax, wealth tax. Service tax excise duty, custom duty, cess and any other statutory duesapplicable to it. According to the information and explanation given to us there are no material undisputed amounts payable in respect of statutorydues which have remained outstanding as on March 31st ,2017 for a period of more than six months from the date from which they becamepayable.

54


b) According to the records of the company and information and explanation given to us there are no dues of sales tax or wealth tax or duty ofcustoms or duty of excise or value added tax or cess which has not been deposited on the account of dispute with appropriate authorities exceptthe following Income Tax/Vat/other demands (as applicable) which are appearing in the parties account as per Income Tax Portal.

Name of the Statute Nature of the due Amount Period to which relates Status of demand Outstanding




c) According to the information and explanations given to us, there are no amounts that are required to be transferred to Investors Education andProtection Fund during the year in accordance with the relevant provisions of the Companies Act, 1956.

viii. According to the records of the company examined by us and the information and explanation given to us, the company has not defaulted inrepayment of dues to any financial institution or bank as at balance sheet date.

ix. The Company has not raised any money through initial public offer (including debt instruments) and no term loan has taken during the year.The clause is not applicable.

x. There is no any fraud by the company or any fraud on the company by its officers or employees has been noticed or reported during the year.

xi. The Clause relating to remuneration limit to directors under section 197 of the Companies Act, 2013, is not applicable to Private LimitedCompany.

xii. The company is not a Nidhi Company hence provision to clause 3(Xii) is not applicable.

xiii. All the transactions with the related parties are in compliance with section 177 and 188 of the Companies Act, 2013 and applicable detailshave been disclosed in financial statements etc.

xiv. The company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the yearunder review.

xv. The company has not entered into non cash transactions with directors or persons connected with him and there is no contravention to section192 of the Companies Act, 2013.

xvi. The Company is not required to be registered under section 45-IA of the RBI Act, 1934 and registration procedure is not applicable.

For Manoj Sangeeta & Associates Chartered Accountants Registration Number: 021873 N

(Manoj Kumar)

Partner

Place: New Delhi Membership Number : 098161

55


Date: 15/06/2017

[400500] Disclosures - Secretarial audit report


to 31/03/2017

Disclosure in secretarial audit report explanatory [TextBlock] Whether secretarial audit report is applicable on company No

[100100] Balance sheet

Unless otherwise specified, all monetary values are in INR31/03/2017 31/03/2016

Balance sheet [Abstract] Equity and liabilities [Abstract] Shareholders' funds [Abstract] Share capital 1,86,10,300 84,03,500

Reserves and surplus 29,09,27,878 17,27,42,995

Total shareholders' funds 30,95,38,178 18,11,46,495

Share application money pending allotment 0 55,10,000

Non-current liabilities [Abstract] Long-term borrowings 45,80,135 0

Other long-term liabilities 8,82,57,265 2,25,57,000

Long-term provisions 27,00,228 17,02,889

Total non-current liabilities 9,55,37,628 2,42,59,889

Current liabilities [Abstract] Short-term borrowings 10,81,08,173 10,25,04,448

Trade payables 18,55,73,928 13,49,64,989

Other current liabilities 5,39,29,705 13,41,74,366

Short-term provisions 60,46,595 59,94,883

Total current liabilities 35,36,58,401 37,76,38,686

Total equity and liabilities 75,87,34,207 58,85,55,070

Assets [Abstract] Non-current assets [Abstract] Fixed assets [Abstract] Tangible assets 2,53,93,880 38,43,308

Intangible assets 4,47,674 11,46,279

Total fixed assets 2,58,41,554 49,89,587

Non-current investments 0 0

Deferred tax assets (net) 26,71,423 70,38,870

Long-term loans and advances 78,54,346 1,19,11,024

Total non-current assets 3,63,67,323 2,39,39,481

Current assets [Abstract] Current investments 0 0

Inventories 35,06,78,981 28,23,63,250

Trade receivables 19,86,48,681 15,86,48,476

Cash and bank balances 14,91,26,103 9,50,75,195

Short-term loans and advances 2,14,22,600 2,62,08,046

Other current assets 24,90,519 23,20,622

Total current assets 72,23,66,884 56,46,15,589

Total assets 75,87,34,207 58,85,55,070

56


[400300] Disclosures - Signatories of financial statements

Details of directors signing financial statements [Table] ..(1)

Unless otherwise specified, all monetary values are in INRDirectors signing financial statements [Axis] 1 2

01/04/2016 to

31/03/2017

01/04/2016 to

31/03/2017Details 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 KAPIL YOGESH

Middle name of director KUMAR

Last name of director CHUGH CHUGH

Designation of director Managing Director Director

Director identification number of director 00341079 07056193

Date of signing of financial statements by director 15/06/2017 15/06/2017

57


[100400] Cash flow statement, indirect


to 31/03/2017

01/04/2015 to

31/03/201631/03/2015

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 2,69,52,736 1,60,56,177

Adjustments for reconcile profit (loss) [Abstract] Adjustments to profit (loss) [Abstract] Adjustments for finance costs 1,44,18,408 0

Adjustments for depreciation and amortisation expense (A) 94,99,421 (B) 22,80,539

Other adjustments for which cash effects are investing or financing cash flow (C) -71,58,125

0

Total adjustments to profit (loss) 1,67,59,704 22,80,539

Adjustments for working capital [Abstract] Adjustments for decrease (increase) in inventories -6,83,15,731 -7,60,30,717

Adjustments for decrease (increase) in other current assets (D) -3,13,27,978 (E) -7,99,95,215

Adjustments for increase (decrease) in other current liabilities (F) -2,96,35,721 (G) 17,87,63,554

Adjustments for provisions (H) 10,49,053 (I) 47,38,752

Total adjustments for working capital -12,82,30,377 2,74,76,374

Total adjustments for reconcile profit (loss) -11,14,70,673 2,97,56,913

Net cash flows from (used in) operations -8,45,17,937 4,58,13,090

Interest received (J) -76,15,270(K) 0

Net cash flows from (used in) operating activities before extraordinary items

-9,21,33,207 4,58,13,090

Net cash flows from (used in) operating activities -9,21,33,207 4,58,13,090

Cash flows from used in investing activities [Abstract]

Proceeds from sales of tangible assets 0(L) 2,16,412

Purchase of tangible assets (M) 3,03,51,389 (N) 2,86,060

Interest received 76,15,270 0

Net cash flows from (used in) investing activities before extraordinary items

-2,27,36,119 -69,648

Net cash flows from (used in) investing activities -2,27,36,119 -69,648

Cash flows from used in financing activities [Abstract]

Proceeds from issuing shares (O) 10,74,54,520 (P) 1,90,00,000

Proceeds from borrowings (Q) 7,58,84,1260

Repayments of borrowings 0(R) 7,90,42,989

Interest paid (S) 1,44,18,408(T) 0

Net cash flows from (used in) financing activities before extraordinary items

16,89,20,238 -6,00,42,989

Net cash flows from (used in) financing activities 16,89,20,238 -6,00,42,989

Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes

5,40,50,912 -1,42,99,547

Net increase (decrease) in cash and cash equivalents 5,40,50,912 -1,42,99,547

Cash and cash equivalents cash flow statement at end of period 14,91,26,103 9,50,75,195 10,93,74,743

58


Footnotes (A) Depreciation : 9499422

(B) Depreciation : 2280540

(C) (Profit)/ Loss on Sale of Fixed Assets

(D) Loans & Advances, Other Current Assets : 8672227 Sundry Debtors : -40000205

(E) Loans & Advances, Other Current Assets : -12078765 Sundry Debtors : -67916450

(F) Sundry Creditors and Other Liabilities : -29635721

(G) Sundry Creditors and Other Liabilities : 178763554

(H) Other Provisions : 1049051

(I) Other Provisions : 4738750

(J) interest income : -7615270

(K) interest income : 0

(L) Sale of Fixed Assets

(M) Purchase of Fixed Assets/CWIP : 30351389

(N) Purchase of Fixed Assets/CWIP : 286060

(O) Increase in Share Capital/Warrant Money : 10206800 Decrease in Share Application money : -5510000 Increase in SecuritiesPremium : 102757720

(P) Increase in Share Capital/Warrant Money : 1420000 Decrease in Share Application money : 5510000 Increase in Securities Premium: 12070000

(Q) Increase / Decrease in Loans

(R) Increase / Decrease in Loan

(S) Interest & Finance Charges : 14418408

(T) Interest & Finance Charges : 0

59


[200100] Notes - Share capital

Disclosure of classes of share capital [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClasses of share capital [Axis] Share capital [Member] Equity shares [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016 Disclosure of classes of share capital [Abstract] Disclosure of classes of share capital [LineItems] Number of shares authorised [shares] 25,00,000 [shares] 15,00,000 [shares] 25,00,000 [shares] 15,00,000

Value of shares authorised 2,50,00,000 1,50,00,000 2,50,00,000 1,50,00,000

Number of shares issued [shares] 18,61,030 [shares] 8,40,350 [shares] 18,61,030 [shares] 8,40,350

Value of shares issued 1,86,10,300 84,03,500 1,86,10,300 84,03,500

Number of shares subscribed and fully paid [shares] 18,61,030 [shares] 8,40,350 [shares] 18,61,030 [shares] 8,40,350

Value of shares subscribed and fully paid 1,86,10,300 84,03,500 1,86,10,300 84,03,500

Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0

Value of shares subscribed but not fully paid 0 0 0 0

Total number of shares subscribed [shares] 18,61,030 [shares] 8,40,350 [shares] 18,61,030 [shares] 8,40,350

Total value of shares subscribed 1,86,10,300 84,03,500 1,86,10,300 84,03,500

Value of shares paid-up [Abstract] Number of shares paid-up [shares] 18,61,030 [shares] 8,40,350 [shares] 18,61,030 [shares] 8,40,350

Value of shares called 1,86,10,300 84,03,500 1,86,10,300 84,03,500

Calls unpaid [Abstract] Calls unpaid by directors and officers [Abstract] Calls unpaid by directors 0 0 0 0

Calls unpaid by officers 0 0 0 0

Total calls unpaid by directors and officers

0 0 0 0

Calls unpaid by others 0 0 0 0

Total calls unpaid 0 0 0 0

Forfeited shares 0 0 0 0

Forfeited shares reissued 0 0 0 0

Value of shares paid-up 1,86,10,300 84,03,500 1,86,10,300 84,03,500

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 [shares] 0

Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares issued as rights [shares] 10,20,680 [shares] 1,42,000 [shares] 10,20,680 [shares] 1,42,000

Number of shares issued in private placement arising out of conversion of debentures preference shares during period

[shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares issued in other private placement


Number of shares issued as preferential allotment arising out of conversion of debentures preference shares during period


Number of shares issued as other preferential allotment


Number of shares allotted for contracts without payment received in cash


Number of shares issued under scheme of amalgamation


Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares issued under employee stock option plan


60


Number of other issue of shares arising out of conversion of securities


Total aggregate number of shares issued during period

[shares] 10,20,680 [shares] 1,42,000 [shares] 10,20,680 [shares] 1,42,000

Decrease in number of shares during period [Abstract] Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0

Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0

Total decrease in number of shares during period


Total increase (decrease) in number of shares outstanding

[shares] 10,20,680 [shares] 1,42,000 [shares] 10,20,680 [shares] 1,42,000

Number of shares outstanding at end of period [shares] 18,61,030 [shares] 8,40,350 [shares] 18,61,030 [shares] 8,40,350

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 0

Amount of bonus issue during period 0 0 0 0

Amount of rights issue during period 1,02,06,800 14,20,000 1,02,06,800 14,20,000

Amount of private placement issue arising out of conversion of debentures preference shares during period

0 0 0 0

Amount of other private placement issue during period

0 0 0 0

Amount of preferential allotment issue arising out of conversion of debentures preference shares during period

0 0 0 0

Amount of other preferential allotment issue during period

0 0 0 0

Amount of issue allotted for contracts without payment received in cash during period

0 0 0 0

Amount of issue under scheme of amalgamation during period

0 0 0 0

Amount of other issues during period 0 0 0 0

Amount of employee stock option plan issued during period

0 0 0 0

Amount of other issue arising out of conversion of securities during period

0 0 0 0

Total aggregate amount of increase in share capital during period

1,02,06,800 14,20,000 1,02,06,800 14,20,000

Decrease in share capital during period [Abstract] Decrease in amount of shares bought back 0 0 0 0

Other decrease in amount of shares 0 0 0 0

Total decrease in share capital during period

0 0 0 0

Total increase (decrease) in share capital 1,02,06,800 14,20,000 1,02,06,800 14,20,000

Share capital at end of period 1,86,10,300 84,03,500 1,86,10,300 84,03,500

Rights preferences and restrictions attaching to class of share capital





Shares in company held by holding company or ultimate holding company or by its subsidiaries or associates [Abstract] Shares in company held by holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0

Shares in company held by ultimate holding company


Shares in company held by subsidiaries of its holding company


Shares in company held by subsidiaries of its ultimate holding company


Shares in company held by associates of its holding company


Shares in company held by associates of its ultimate holding company


61


Total shares in company held by holding company or ultimate holding company or by its subsidiaries or associates


Shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment


Amount of shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment

0 0 0 0

Aggregate number of fully paid-up shares issued pursuant to contracts without payment being received in cash during last five years


Aggregate number of fully paid-up shares issued by way of bonus shares during last five years


Aggregate number of shares bought back during last five years


Original paid-up value of forfeited shares 0 0 0 0

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] Application money received for allotment of securities and due for refund, principal

0 0 0 0

Application money received for allotment of securities and due for refund, interest accrued

0 0 0 0

Total application money received for allotment of securities and due for refund and interest accrued thereon

0 0 0 0

Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0 [shares] 0

Share premium for shares to be allotted 0 0 0 0

62


Disclosure of classes of share capital [Table] ..(2)

Unless otherwise specified, all monetary values are in INRClasses of share capital [Axis] Equity shares 1 [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016 Disclosure of classes of share capital [Abstract] Disclosure of classes of share capital [LineItems] Type of share Equity Equity

Number of shares authorised [shares] 25,00,000 [shares] 15,00,000

Value of shares authorised 2,50,00,000 1,50,00,000

Number of shares issued [shares] 18,61,030 [shares] 8,40,350

Value of shares issued 1,86,10,300 84,03,500

Number of shares subscribed and fully paid [shares] 18,61,030 [shares] 8,40,350

Value of shares subscribed and fully paid 1,86,10,300 84,03,500

Number of shares subscribed but not fully paid [shares] 0 [shares] 0

Value of shares subscribed but not fully paid 0 0

Total number of shares subscribed [shares] 18,61,030 [shares] 8,40,350

Total value of shares subscribed 1,86,10,300 84,03,500

Value of shares paid-up [Abstract] Number of shares paid-up [shares] 18,61,030 [shares] 8,40,350

Value of shares called 1,86,10,300 84,03,500

Calls unpaid [Abstract] Calls unpaid by directors and officers [Abstract] Calls unpaid by directors 0 0

Calls unpaid by officers 0 0

Total calls unpaid by directors and officers 0 0

Calls unpaid by others 0 0

Total calls unpaid 0 0

Forfeited shares 0 0

Forfeited shares reissued 0 0

Value of shares paid-up 1,86,10,300 84,03,500

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

Number of shares issued as bonus shares [shares] 0 [shares] 0

Number of shares issued as rights [shares] 10,20,680 [shares] 1,42,000

Number of shares issued in private placement arising out of conversion of debentures preference shares during period

[shares] 0 [shares] 0

Number of shares issued in other private placement [shares] 0 [shares] 0

Number of shares issued as preferential allotment arising out of conversion of debentures preference shares during period


Number of shares issued as other preferential allotment [shares] 0 [shares] 0

Number of shares allotted for contracts without payment received in cash [shares] 0 [shares] 0

Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0

Number of other issues of shares [shares] 0 [shares] 0

Number of shares issued under employee stock option plan [shares] 0 [shares] 0

Number of other issue of shares arising out of conversion of securities [shares] 0 [shares] 0

Total aggregate number of shares issued during period [shares] 10,20,680 [shares] 1,42,000

Decrease in number of shares during period [Abstract] Number of shares bought back [shares] 0 [shares] 0

Other decrease in number of shares [shares] 0 [shares] 0

Total decrease in number of shares during period [shares] 0 [shares] 0

Total increase (decrease) in number of shares outstanding [shares] 10,20,680 [shares] 1,42,000

Number of shares outstanding at end of period [shares] 18,61,030 [shares] 8,40,350

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

Amount of bonus issue during period 0 0

Amount of rights issue during period 1,02,06,800 14,20,000

63


Amount of private placement issue arising out of conversion of debentures preference shares during period

0 0

Amount of other private placement issue during period 0 0

Amount of preferential allotment issue arising out of conversion of debentures preference shares during period

0 0

Amount of other preferential allotment issue during period 0 0

Amount of issue allotted for contracts without payment received in cash during period

0 0

Amount of issue under scheme of amalgamation during period 0 0

Amount of other issues during period 0 0

Amount of employee stock option plan issued during period 0 0

Amount of other issue arising out of conversion of securities during period 0 0

Total aggregate amount of increase in share capital during period 1,02,06,800 14,20,000

Decrease in share capital during period [Abstract] Decrease in amount of shares bought back 0 0

Other decrease in amount of shares 0 0

Total decrease in share capital during period 0 0

Total increase (decrease) in share capital 1,02,06,800 14,20,000

Share capital at end of period 1,86,10,300 84,03,500

Rights preferences and restrictions attaching to class of share capital Textual information(33) [See below]


Shares in company held by holding company or ultimate holding company or by its subsidiaries or associates [Abstract] Shares in company held by holding company [shares] 0 [shares] 0

Shares in company held by ultimate holding company [shares] 0 [shares] 0

Shares in company held by subsidiaries of its holding company [shares] 0 [shares] 0

Shares in company held by subsidiaries of its ultimate holding company [shares] 0 [shares] 0

Shares in company held by associates of its holding company [shares] 0 [shares] 0

Shares in company held by associates of its ultimate holding company [shares] 0 [shares] 0

Total shares in company held by holding company or ultimate holding company or by its subsidiaries or associates


Shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment


Amount of shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment

0 0

Aggregate number of fully paid-up shares issued pursuant to contracts without payment being received in cash during last five years


Aggregate number of fully paid-up shares issued by way of bonus shares during last five years


Aggregate number of shares bought back during last five years [shares] 0 [shares] 0

Original paid-up value of forfeited shares 0 0

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] Application money received for allotment of securities and due for refund, principal

0 0

Application money received for allotment of securities and due for refund, interest accrued

0 0

Total application money received for allotment of securities and due for refund and interest accrued thereon

0 0

Number of shares proposed to be issued [shares] 0 [shares] 0

Share premium for shares to be allotted 0 0

Disclosure of shareholding more than five per cent in company [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClasses of share capital [Axis] Equity shares [Member]Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]

31/03/2017 31/03/2016 31/03/2017 31/03/2016 Disclosure of shareholding more than five per cent in company [Abstract] Disclosure of shareholding more than five per cent in company [LineItems] Number of shares held in company [shares] 2,32,773 [shares] 2,32,773 [shares] 5,19,934 [shares] 1,41,372

64



Unless otherwise specified, all monetary values are in INRClasses of share capital [Axis] Equity shares [Member]Name of shareholder [Axis] Shareholder 3 [Member] Shareholder 4 [Member]

31/03/2017 31/03/2016 31/03/2017 31/03/2016 Disclosure of shareholding more than five per cent in company [Abstract] Disclosure of shareholding more than five per cent in company [LineItems] Number of shares held in company [shares] 9,11,313 [shares] 2,02,000 [shares] 1,14,262 [shares] 1,22,195


Unless otherwise specified, all monetary values are in INRClasses of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]

Name of shareholder [Axis] Shareholder 5[Member]

Shareholder 6[Member]

Shareholder 1 [Member]

31/03/2016 31/03/201601/04/2016

to 31/03/2017

01/04/2015 to

31/03/2016 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 Shares Equity Shares

Name of shareholder Sandeep Mushran Sandeep Mushran

PAN of shareholder AANPM2365H AANPM2365H

Country of incorporation or residence of shareholder

INDIA INDIA

Number of shares held in company [shares] 68,405 [shares] 73,605 [shares] 2,32,773 [shares] 2,32,773

Percentage of shareholding in company 12.51% 27.70%


Unless otherwise specified, all monetary values are in INRClasses of share capital [Axis] Equity shares 1 [Member]Name of shareholder [Axis] Shareholder 2 [Member] Shareholder 3 [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016 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 Shares Equity Shares Equity Shares Equity Shares

Name of shareholder Kapil Chugh Kapil ChughS T A R O R A M ATECHNOLOGIESPRIVATE LIMITED

S T A R O R A M ATECHNOLOGIESPRIVATE LIMITED

CIN of shareholder U74900DL2015PTC283339 U74900DL2015PTC283339

PAN of shareholder AFEPC2344A AFEPC2344A


INDIA INDIA INDIA INDIA

Number of shares held in company [shares] 5,19,934 [shares] 1,41,372 [shares] 9,11,313 [shares] 2,02,000

Percentage of shareholding in company 27.94% 16.82% 48.97% 24.04%

65



Unless otherwise specified, all monetary values are in INRClasses of share capital [Axis] Equity shares 1 [Member]Name of shareholder [Axis] Shareholder 4 [Member] Shareholder 5 [Member] Shareholder 6 [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2015 to

31/03/2016

01/04/2015 to

31/03/2016 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 Shares Equity Shares Equity Shares Equity Shares

Name of shareholder Priyanka Chugh Gopal Kalra(A) Starorama TradingPrivate Limited

H I R A N M A Y ICONSTRUCTIONSPRIVATE LIMITED

CIN of shareholder U74900DL2015PTC275516 U45400UP2012PTC054186

PAN of shareholder AWXPS9367D AAJPK8042R



Number of shares held in company [shares] 1,14,262 [shares] 1,22,195 [shares] 68,405 [shares] 73,605

Percentage of shareholding in company 6.14% 14.54% 8.14% 8.76%

Footnotes (A) Former Known as Starorama Properties Private Limited.


to 31/03/2017

01/04/2015 to

31/03/2016

Disclosure of notes on share capital explanatory [TextBlock] Textual information (35) [See below]

Whether there are any shareholders holding more than five per cent shares in company

Yes Yes

Whether money raised from public offering during year No No


Rights preferences and restrictions attaching to class of share capitalThe Company has only one class of equity shares having a par value of Rs.10 per share. Each shareholder is entitled to one vote per share. In theevent of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the Company, afterdistribution of all preferential amounts. However no such preferential amounts exist currently. The distribution will be in proportion to thenumber of equity shares held by the shareholders of the company.


Rights preferences and restrictions attaching to class of share capitalThe Company has only one class of equity shares having a par value of Rs.10 per share. Each shareholder is entitled to one vote per share.In theevent of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the Company, afterdistribution of all preferential amounts. However no such preferential amounts exist currently. The distribution will be in proportion to thenumber of equity shares held by the shareholders of the company.



66








67



Disclosure of notes on share capital explanatory [Text Block]

3. Share capital

Particulars As at 31March 2017 As at 31 March 2016

Share capital No. of Shares No. of Shares

Authorised Share Capital

25,00,000 Equity Shares(Previous year 1,50,0000) of Rs.10 each25,000,000

15,000,000

Issued, subscribed and paid up Equity shares

18,61,030 Equity Shares(previous year 8,40,350) of Rs.10 each18,610,300

8,403,500

a) Reconciliation of the shares outstanding at the beginning and at the end of the reporting period

Particulars As at 31March2016

As at 31 March2016

As at 31 March2015

As at 31 March2015

Equity shares : No of shares Amount No of shares Amount

Shares outstanding at the beginning of theyear

840,350 8,403,500 698,350 6,983,500

Add: Shares issued during the year 1,020,680 10,206,800 142,000 1,420,000

Share Bought back during the year - - - -

Shares outstanding at the end of the year 1,861,030 18,610,300 840,350 8,403,500

b) Terms of share capital

Equity Share

The Company has only one class of equity shares having a par value of Rs.10 per share. Each shareholder is entitled to one vote per share. TheCompany declares and pays dividend in Indian Rupees. The dividend proposed by the Board of Directors is subject to the approval of theshareholders in the ensuing Annual General Meeting.

68


In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the Company,after distribution of all preferential amounts. However no such preferential amounts exist currently. The distribution will be in proportion to thenumber of equity shares held by the shareholders of the company.

c) Details of shares held by each shareholder holding more than 5% shares

Classes of shares/Name of the shareholder

Particulars As at31-March-2017

As at 31-March-2017 As at31-March-2016

As at 31-March-2016

Class of shares / Name ofshareholder

Number of sharesheld

% holding in that class ofshares

Number of sharesheld

% holding in that class ofshares

Equity Shares

1. Sandeep Mushran 232,773 12.51% 232,773 27.70%

2. Kapil Chugh 519,934 27.94% 141,372 16.82%

3. Starorama Technolgies Pvt Ltd 911,313 48.97% 202,000 24.04%

4. Priyanka Chugh 114,262 6.14% - 0.00%

5. Yogesh Kumar Chugh 82,748 4.45% - 0.00%

6. Gopal Kalra - 0.00% 122,195 14.54%

7. Starorama Properties Pvt. Ltd. - 0.00% 68,405 8.14%

8. Hiranmayi Constructions Pvt.Ltd.

- 0.00% 73,605 8.76%

3.1 Share Application Money Pending Allotment:

The company has alloted shares in lieu of share application money recd last year. The company has enough sufficient Authroised share capital tocover the share capital on allotment of shares out of the Share Application Money. There is no share application money pending for allotment thisyear.

69


[200200] Notes - Reserves and surplus

Statement of changes in reserves [Table] ..(1)

Unless otherwise specified, all monetary values are in INRComponents of reserves [Axis] Reserves [Member] Securities premium account [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016 Statement of changes in reserves [Abstract] Statement of changes in reserves [LineItems] Changes in reserves [Abstract] Additions to reserves [Abstract] Profit (loss) for period 1,54,27,163 1,34,69,823 0 0

Other additions to reserves 10,27,57,720 1,20,70,000 (A) 10,27,57,720 (B) 1,20,70,000

Total additions to reserves 11,81,84,883 2,55,39,823 10,27,57,720 1,20,70,000

Deductions to reserves [Abstract] Other deductions to reserves 0 12,102

Total deductions to reserves 0 12,102

Total changes in reserves 11,81,84,883 2,55,27,721 10,27,57,720 1,20,70,000

Reserves at end of period 29,09,27,878 17,27,42,995 14,47,45,220 4,19,87,500

(A) Add: premium received during the year : 102757720

(B) Add: premium received during the year : 12070000

Statement of changes in reserves [Table] ..(2)


Components of reserves [Axis] Securities premiumaccount [Member]

Surplus [Member]

31/03/201501/04/2016

to 31/03/2017

01/04/2015 to

31/03/201631/03/2015

Statement of changes in reserves [Abstract] Statement of changes in reserves [LineItems] Changes in reserves [Abstract] Additions to reserves [Abstract] Profit (loss) for period 1,54,27,163 1,34,69,823

Total additions to reserves 1,54,27,163 1,34,69,823

Deductions to reserves [Abstract] Other deductions to reserves 0 12,102

Total deductions to reserves 0 12,102

Total changes in reserves 1,54,27,163 1,34,57,721

Reserves at end of period 2,99,17,500 14,61,82,658 13,07,55,495 11,72,97,774


to 31/03/2017

Disclosure of notes on reserves explanatory [TextBlock] Textual information (36) [See below]

70



Disclosure of notes on reserves explanatory [Text Block]

4. Reserves and surplus

Particulars As at 31March2016

As at 31 March2015

A) Security Premium

Opening Balance 41,987,500 29,917,500

Add: premium received during the year 102,757,720 12,070,000

144,745,220 41,987,500

General Reserve

B) Surplus (Balance in the Statement of Profit and Loss Account)

Opening Balance 130,755,495 - 117,297,775

Add: Transferred from Surplus in Statement of P/L A/c 15,427,163 - 13,469,822

*Less: Transitional effect on revision of Depreciaton on useful life of the assets in accordance withschedule II ( Net of Tax)

146,182,658

12,102

146,182,658 130,755,495

Total 290,927,878 172,742,995

71


[200300] Notes - Borrowings

Classification of borrowings [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClassification based on time period [Axis] Long-term [Member]

Classification of borrowings [Axis] Borrowings [Member] Other loans and advances [Member]Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]

31/03/2017 31/03/2016 31/03/2017 31/03/2016 Borrowings notes [Abstract] Details of borrowings [Abstract] Details of borrowings [LineItems] Borrowings 45,80,135 0 45,80,135 0


Unless otherwise specified, all monetary values are in INRClassification based on time period [Axis] Long-term [Member]

Classification of borrowings [Axis] Loans taken for fixed assets [Member] Loans taken for vehicles [Member]Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]

31/03/2017 31/03/2016 31/03/2017 31/03/2016 Borrowings notes [Abstract] Details of borrowings [Abstract] Details of borrowings [LineItems] Borrowings 7,09,132 0 (A) 7,09,132 0

Footnotes (A) Vechile Loan from Indian Overseas Bank, Nehru Place, New Delhi: 1800000 Less Principal amount payable within 12 months

shown under other current liabilities Note 10: 1090868


Unless otherwise specified, all monetary values are in INRClassification based on time period [Axis] Long-term [Member] Short-term [Member]

Classification of borrowings [Axis] Other loans and advances, others[Member]

Borrowings [Member]

Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]

31/03/2017 31/03/2016 31/03/2017 31/03/2016 Borrowings notes [Abstract] Details of borrowings [Abstract] Details of borrowings [LineItems] Borrowings (A) 38,71,003 0 10,81,08,173 10,22,30,007

Footnotes (A) Diamler Financial Services India Private Limited


Unless otherwise specified, all monetary values are in INRClassification based on time period [Axis] Short-term [Member]

Classification of borrowings [Axis] Borrowings [Member] Term loans [Member]Subclassification of borrowings [Axis] Unsecured borrowings [Member] Secured borrowings [Member]

31/03/2017 31/03/2016 31/03/2017 31/03/2016 Borrowings notes [Abstract] Details of borrowings [Abstract] Details of borrowings [LineItems] Borrowings 0 2,74,441 10,81,08,173 10,22,30,007

72




Classification of borrowings [Axis] Term loans from banks [Member] Rupee term loans from banks [Member]Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]

31/03/2017 31/03/2016 31/03/2017 31/03/2016 Borrowings notes [Abstract] Details of borrowings [Abstract] Details of borrowings [LineItems] Borrowings 10,81,08,173 10,22,30,007 (A) 10,81,08,173 (B) 10,22,30,007

Footnotes (A) Cash Credit From Indian Overseas Bank: 99008173, Export Bill Discount facility from Indian Overseas bank: 9100000

(B) Cash Credit From Indian Overseas Bank: 102230007



Classification of borrowings [Axis] Other loans and advances [Member] Other loans and advances, others[Member]

Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]

31/03/2017 31/03/2016 31/03/2017 31/03/2016 Borrowings notes [Abstract] Details of borrowings [Abstract] Details of borrowings [LineItems] Borrowings 0 2,74,441 0 2,74,441


to 31/03/2017

Disclosure of notes on borrowings explanatory [TextBlock] Textual information (37) [See below]

73



Disclosure of notes on borrowings explanatory [Text Block]

5 Long Term Borrowing ( Secured )


As at31-March-2016

Diamler Financial Services India Pvt. Ltd

3,871,003

Vehicle Loan from Indian Overseas Bank, Nehru Place, New Delhi 1,800,000

Less : Principal amount payable within 12 months shown under other current liabilitiesNote "10"

1,090,868 4,580,135 -

Total 4,580,135 -

1. Loan taken on 23/05/2016 from Diamler Financial Services India Pvt. Ltd for amounting to Rs. 44,92,812 at rate of Interest @ 10.1004% perannum. Total amount was payable in 60 installments. Any Delay in payment of liability have a penal charges also.

2. Loan taken on 30/03/2017 from Indian Overseas Bank, Nehru Place Branch, New Delhi for amounting to Rs. 18,00,000 at rate of Interest @9.45% per annum. Total amount was payable in 60 installments. Any Delay in payment of liability have a penal charges also

8. Short Term Borrowings

Particulars As at 31-March-2017 As at 31-March-2016

Secured Loans

Cash Credit from Indian Overseas Bank, Nehru Place, New Delhi 99,008,173 102,230,007

Export Bill Discount Facility from Indian Overseas Bank, Nehru Place, New Delhi 9,100,000

Unsecued Loans - 274,441

TOTAL 108,108,173 102,504,448

1. Cash Credit from Indian Overseas Bank is secured by Hypothecation of stock , book debts ,first charge on current assets and personalguarantee of the directors

74


[201000] Notes - Tangible assets

Disclosure of additional information tangible assets [Table] ..(1)


Classes of tangible assets [Axis]Company total tangible assets

[Member] Plant and equipment [Member]Furniture and

fixtures[Member]

Sub classes of tangible assets [Axis]Owned and leased assets

[Member]Owned and leased assets

[Member]Owned assets

[Member]

Owned andleased assets[Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2016 to

31/03/2017 Disclosure of additional information tangible assets [Abstract] Disclosure of additional information tangible assets [LineItems]

Depreciation method tangible assets - - - -Written DownValue

-

Useful lives or depreciation rates tangible assets

NA NA NA NA 15 years NA


Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member]

Sub classes of tangible assets [Axis]Owned andleased assets[Member]

Owned assets [Member]Owned and leased assets

[Member]Owned assets

[Member]

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to


Depreciation method tangible assets -Written DownValue

Written DownValue

- -Written DownValue


NA 10 Years 10 years NA NA

As per usefullife specified inpart 'c' ofschedule II ofthe act



Classes of tangible assets [Axis]Vehicles

[Member] Office equipment [Member]Computer

equipments[Member]

Sub classes of tangible assets [Axis]Owned assets

[Member]Owned and leased assets

[Member] Owned assets [Member]Owned andleased assets[Member]

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to


Depreciation method tangible assets Written DownValue

- -Written DownValue

Written DownValue

-


As per useful lifespecified in part'c'of schedule IIof the act

NA NA 5 years 5 years NA

75




Classes of tangible assets [Axis] Computer equipments [Member] Other tangible assets [Member]Other tangibleassets, others

[Member]

Sub classes of tangible assets [Axis]Owned andleased assets[Member]

Owned assets [Member]Owned and leased assets

[Member]

Owned andleased assets[Member]

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to


Depreciation method tangible assets -Written DownValue

Written DownValue

- - -


NAEnd user devices- 3 years/ server-6 years

End user devices- 3 years/ server-6 years

NA NA NA


Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Other tangible assets, others [Member]

Sub classes of tangible assets [Axis]Owned and leasedassets [Member]

Assets given underoperating lease

[Member]

Owned assets[Member]

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016 Disclosure of additional information tangible assets [Abstract] Disclosure of additional information tangible assets [LineItems] Depreciation method tangible assets - Written Down Value Written Down Value

Useful lives or depreciation rates tangible assets NAAs per AccountingPolicy

As per AccountingPolicy

76


Disclosure of tangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Company total tangible assets [Member]

Sub classes of tangible assets [Axis] Owned and leased assets [Member]Carrying amount accumulated depreciation and gross

carrying amount [Axis]Carrying amount [Member] Gross carrying amount

[Member]Accumulated depreciation and

impairment [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016 Disclosure of tangible assets [Abstract] Disclosure of tangible assets [LineItems] Reconciliation of changes in tangible assets [Abstract] Changes in tangible assets [Abstract] Additions other than through business combinations tangible assets

3,02,28,989 37,500 3,02,28,989 37,500

Depreciation tangible assets -86,78,417 -13,48,244 86,78,417 13,48,244

Impairment loss recognised in profit or loss tangible assets

0 0 0 0

Reversal of impairment loss recognised in profit or loss tangible assets

0 0 0 0

Disposals tangible assets [Abstract] Disposals tangible assets, others

0 2,16,413 0 19,68,998 0 17,52,585

Total disposals tangible assets

0 2,16,413 0 19,68,998 0 17,52,585

Other adjustments tangible assets [Abstract] Other adjustments tangible assets, others

0 -17,913 0 17,913

Total other adjustments tangible assets

0 -17,913 0 17,913

Total changes in tangible assets

2,15,50,572 -15,45,070 3,02,28,989 -19,31,498 86,78,417 -3,86,428

Tangible assets at end of period 2,53,93,880 38,43,308 5,31,57,983 2,29,28,994 2,77,64,103 1,90,85,686

77



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Company total tangible assets [Member]

Sub classes of tangible assets [Axis] Assets given under operating lease [Member] Owned assets [Member]

Carrying amount accumulated depreciation and grosscarrying amount [Axis]

Carryingamount

[Member]

Gross carryingamount

[Member]

Accumulateddepreciation

and impairment[Member]

Carrying amount [Member]Gross carrying

amount[Member]

01/04/2016 to

31/03/2017

01/04/2016 to

31/03/2017

01/04/2016 to

31/03/2017

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to


12,89,678 12,89,678 2,89,39,311 37,500 2,89,39,311

Depreciation tangible assets -3,54,872 3,54,872 -83,23,545 -13,48,244


0 0 0 0


0 0 0 0


0 0 0 0 2,16,413 0


0 0 0 0 2,16,413 0


0 0 0 -17,913


0 0 0 -17,913


9,34,806 12,89,678 3,54,872 2,06,15,766 -15,45,070 2,89,39,311

Tangible assets at end of period 13,18,087 23,56,245 10,38,158 2,40,75,793 38,43,308 5,08,01,738

78



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Company total tangible assets [Member] Plant and equipment [Member]

Sub classes of tangible assets [Axis] Owned assets [Member] Owned and leased assets [Member]



[Member]

Accumulated depreciation andimpairment [Member] Carrying amount [Member]


[Member]

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to


37,500 1,33,76,823 0 1,33,76,823

Depreciation tangible assets 83,23,545 13,48,244 -31,52,502 0


0 0 0 0


0 0 0 0


19,68,998 0 17,52,585 0 0 0


19,68,998 0 17,52,585 0 0 0


0 17,913 0 0


0 17,913 0 0


-19,31,498 83,23,545 -3,86,428 1,02,24,321 0 1,33,76,823

Tangible assets at end of period 2,29,28,994 2,67,25,945 1,90,85,686 1,02,24,321 0 1,33,76,823

79



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Plant and equipment [Member]

Sub classes of tangible assets [Axis] Owned and leased assets [Member] Owned assets [Member]



[Member]

Accumulated depreciation andimpairment [Member]

Carryingamount

[Member]


[Member]


andimpairment[Member]

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2016 to

31/03/2017

01/04/2016 to


0 1,33,76,823 1,33,76,823

Depreciation tangible assets 31,52,502 0 -31,52,502 31,52,502


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


0 31,52,502 0 1,02,24,321 1,33,76,823 31,52,502

Tangible assets at end of period 0 31,52,502 0 1,02,24,321 1,33,76,823 31,52,502

80



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Furniture and fixtures [Member]




impairment [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to


41,56,131 0 41,56,131 0



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


17,87,370 -10,31,384 41,56,131 0 23,68,761 10,31,384

Tangible assets at end of period 46,36,188 28,48,818 1,64,66,480 1,23,10,349 1,18,30,292 94,61,531

81



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Furniture and fixtures [Member]

Sub classes of tangible assets [Axis] Owned assets [Member]Carrying amount accumulated depreciation and gross



impairment [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to


41,56,131 0 41,56,131 0



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


17,87,370 -10,31,384 41,56,131 0 23,68,761 10,31,384

Tangible assets at end of period 46,36,188 28,48,818 1,64,66,480 1,23,10,349 1,18,30,292 94,61,531

82



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Vehicles [Member]




impairment [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to


70,92,685 0 70,92,685 0

Depreciation tangible assets -15,47,551 -27,684 15,47,551 27,684


0 0 0 0


0 0 0 0


0 2,16,413 0 19,68,998 0 17,52,585


0 2,16,413 0 19,68,998 0 17,52,585


0 0 0 0


0 0 0 0


55,45,134 -2,44,097 70,92,685 -19,68,998 15,47,551 -17,24,901

Tangible assets at end of period 57,40,403 1,95,269 94,77,537 23,84,852 37,37,134 21,89,583

83



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Vehicles [Member]




impairment [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to


70,92,685 0 70,92,685 0



0 0 0 0


0 0 0 0


0 2,16,413 0 19,68,998 0 17,52,585


0 2,16,413 0 19,68,998 0 17,52,585


0 0 0 0


0 0 0 0


55,45,134 -2,44,097 70,92,685 -19,68,998 15,47,551 -17,24,901


84



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Office equipment [Member]




impairment [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to


18,70,930 0 18,70,930 0



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 -17,913 0 17,913


0 -17,913 0 17,913


14,07,711 -87,802 18,70,930 0 4,63,219 87,802


85



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Office equipment [Member]




impairment [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to


18,70,930 0 18,70,930 0



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 -17,913 0 17,913


0 -17,913 0 17,913


14,07,711 -87,802 18,70,930 0 4,63,219 87,802


86



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Computer equipments [Member]




impairment [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to


24,42,742 17,500 24,42,742 17,500



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


16,51,230 -1,11,983 24,42,742 17,500 7,91,512 1,29,483


87



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Computer equipments [Member]




impairment [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to


24,42,742 17,500 24,42,742 17,500



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


16,51,230 -1,11,983 24,42,742 17,500 7,91,512 1,29,483


88



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Other tangible assets [Member]




impairment [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to


12,89,678 20,000 12,89,678 20,000



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


9,34,806 -69,804 12,89,678 20,000 3,54,872 89,804


89



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Other tangible assets [Member]



Carryingamount

[Member]


[Member]



Carryingamount

[Member]


[Member]



01/04/2016 to

31/03/2017

01/04/2016 to

31/03/2017

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2015 to

31/03/2016

01/04/2015 to


12,89,678 12,89,678 20,000 20,000

Depreciation tangible assets -3,54,872 3,54,872 -89,804 89,804


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


9,34,806 12,89,678 3,54,872 -69,804 20,000 89,804


90







impairment [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016 Disclosure of tangible assets [Abstract] Disclosure of tangible assets [LineItems] Nature of other tangible assets 0.00 0.00 0.00 0.00 0.00 0.00

Reconciliation of changes in tangible assets [Abstract] Changes in tangible assets [Abstract] Additions other than through business combinations tangible assets

12,89,678 20,000 12,89,678 20,000



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


9,34,806 -69,804 12,89,678 20,000 3,54,872 89,804


91






Carryingamount

[Member]


[Member]



Carryingamount

[Member]


[Member]



01/04/2016 to

31/03/2017

01/04/2016 to

31/03/2017

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2015 to

31/03/2016

01/04/2015 to

31/03/2016 Disclosure of tangible assets [Abstract] Disclosure of tangible assets [LineItems] Nature of other tangible assets 0.00 0.00 0.00 0.00 0.00 0.00

Reconciliation of changes in tangible assets [Abstract] Changes in tangible assets [Abstract] Additions other than through business combinations tangible assets

12,89,678 12,89,678 20,000 20,000

Depreciation tangible assets -3,54,872 3,54,872 -89,804 89,804


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


9,34,806 12,89,678 3,54,872 -69,804 20,000 89,804



to 31/03/2017

Disclosure of notes on tangible assets explanatory [TextBlock] Textual information (38) [See below]

92



Disclosure of notes on tangible assets explanatory [Text Block]

11. Fixed asset

Tangible assets

Particulars GROSS BLOCK GROSS BLOCK GROSS BLOCKGROSSBLOCK

AccumulatedDepreciation

As atApril1,2016

Addition during theyear

Sales/Adjustment

As at

March31,2017

As at

April1,2016

Air conditioners 1,066,567 1,289,678 - 2,356,245 683,287

Computers 5,462,175 2,442,742 - 7,904,917 5,146,379

Furniture & Fixtures 12,310,349 4,156,131 - 16,466,480 9,461,531

Office Equipments 1,705,051 1,870,930 - 3,575,981 1,604,907

Vehicles 2,384,852 7,092,685 - 9,477,537 2,189,583

Plant & Machinery(Inclinstallation)

- 13,376,823 - 13,376,823 -

Table continues…

Tangible assets

Particulars AccumulatedDepreciation



Net Block Net Block

Addition duringthe year

Sales/ Adjustment As at March31,2017

Adjustment fromretained earning

As at March31,2017

As at March31,2016

Air conditioners 354,872 - 1,038,159 1,318,086 383,280

Computers 791,512 5,937,891 - 1,967,026 315,796

Furniture & Fixtures 2,368,761 - 11,830,292 4,636,188 2,848,818

Office Equipments 463,219 - 2,068,126 - 1,507,855 100,144

93


Vehicles 1,547,551 - 3,737,134 - 5,740,403 195,269

Plant & Machinery(Inclinstallation)

3,152,502 - 3,152,502 - 10,224,321 -

Table Continue:

Particulars Gross Block Gross Block Gross Block Gross Block

As at

01-Apr-2015

Addition

during the yearSales/Adj.

As at

31-Mar-2016

Air conditioners 1,046,567 20,000.00 - 1,066,567

Computers 5,444,675 17,500.00 - 5,462,175

Furniture & Fixtures 12,310,349 - - 12,310,349

Office Equipments 1,705,051 - - 1,705,051

Vehicles 4,353,850 - 1,968,998 2,384,852

Total 24,860,492 37,500 1,968,998 22,928,994

Particulars Depreciation Depreciation Depreciation Depreciation Net Block

As at

01-Apr-2015

Addition


As at

31-Mar-2016Adjustment from retained earning

As at

31-Mar-2016

Air conditioners 593,483 89,804 - 683,287 383,280

Computers 5,016,896 129,483 5,146,379 - 315,796

Furniture & Fixtures 8,430,147 1,031,384 - 9,461,531 2,848,818

Office Equipments 1,517,105 69,889 - 1,586,994 17,913 100,144

Vehicles 3,914,484 27,684 1,752,585 2,189,583 - 195,269

Total 19,472,115 1,733,843 1,752,585 19,067,773 17,913 3,843,308

94


[201100] Notes - Intangible assets

Disclosure of intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Company total intangible assets [Member]

Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]Carrying amount accumulated amortization and

impairment and gross carrying amount [Axis]Carrying amount [Member] Gross carrying amount

[Member]Accumulated amortization and

impairment [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016 Disclosure of intangible assets [Abstract] Disclosure of intangible assets [LineItems] Reconciliation of changes in intangible assets [Abstract] Changes in intangible assets [Abstract] Additions to intangible assets [Abstract] Additions other than through business combinations intangible assets

1,22,400 2,48,560 1,22,400 2,48,560

Total additions to intangible assets

1,22,400 2,48,560 1,22,400 2,48,560

Amortization intangible assets -8,21,005 -9,32,297 8,21,005 9,32,297

Impairment loss recognised in profit or loss intangible assets

0 0 0 0

Reversal of impairment loss recognised in profit or loss intangible assets

0 0 0 0

Disposals intangible assets [Abstract] Disposals intangible assets, others

0 0 0 0 0 0

Total disposals intangible assets

0 0 0 0 0 0

Other adjustments intangible assets [Abstract] Other adjustments intangible assets, others

0 0 0 0

Total other adjustments intangible assets

0 0 0 0

Total changes in intangible assets

-6,98,605 -6,83,737 1,22,400 2,48,560 8,21,005 9,32,297

Intangible assets at end of period 4,47,674 11,46,279 49,03,531 47,81,131 44,55,857 36,34,852

95



Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Company total intangible assets [Member]

Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]Carrying amount accumulated amortization and



impairment [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to


1,22,400 2,48,560 1,22,400 2,48,560


1,22,400 2,48,560 1,22,400 2,48,560



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


-6,98,605 -6,83,737 1,22,400 2,48,560 8,21,005 9,32,297


96



Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Computer software [Member]

Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]Carrying amount accumulated amortization and



impairment [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to


1,22,400 2,48,560 1,22,400 2,48,560


1,22,400 2,48,560 1,22,400 2,48,560



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


-6,98,605 -6,83,737 1,22,400 2,48,560 8,21,005 9,32,297


97



Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Computer software [Member]

Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]Carrying amount accumulated amortization and



impairment [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to


1,22,400 2,48,560 1,22,400 2,48,560


1,22,400 2,48,560 1,22,400 2,48,560



0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0


-6,98,605 -6,83,737 1,22,400 2,48,560 8,21,005 9,32,297


Disclosure of additional information intangible assets [Table] ..(1)


Classes of intangible assets [Axis] Company total intangible assets[Member]

Computer software [Member]

Sub classes of intangible assets [Axis]Internally generated and other

than internally generatedintangible assets [Member]

Internally generated and otherthan internally generated

intangible assets [Member]

Intangible assets other thaninternally generated [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016 Disclosure of additional information intangible assets [Abstract] Disclosure of additional information intangible assets [LineItems]

Useful lives or amortization rates intangible assets

NA NA NA NAA s p e rAccountingPolicy

A s p e rAccountingPlocy

Description of amortization method used

- - - -Written DownValue

Written DownValue

98



to 31/03/2017

Disclosure of notes on intangible assets explanatory [TextBlock] Textual information (39) [See below]

99



Disclosure of notes on intangible assets explanatory [Text Block]

11. Intangible Assets

Particulars GROSS BLOCK GROSS BLOCK GROSS BLOCK GROSS BLOCK Accumulated Depreciation

As at April1,2016 Addition during the year Sales/ AdjustmentAs at

March31,2017

As at

April1,2016

Micro Software 2,853,131 122,400.00 2,975,531 2,092,452

ERP Software 1,927,999 1,927,999 1,542,400

Total 27,710,124 30,351,389 - 58,061,514 22,720,538

Previous Year 29,393,062 286,060 1,968,998 27,710,124 22,174,670

Table continues…

Intangible assets

Particulars AccumulatedDepreciation



Net Block Net Block

Addition during theyear

Sales/ Adjustment As at March 31,2017 Adjustment from retainedearning

As at March31,2017

As at March31,2016

MicroSoftware

454,685 - 2,547,137 - 428,394 760,679

ERPSoftware

366,320 - 1,908,720 - 19,279 385,599

Total

9,499,422 - 32,219,960 - 25,841,553 4,989,586

100


PreviousYear

2,280,540 1,752,585 22,702,625 17,913 4,989,586

Table continues…

Intangible Assets

Particulars Gross Block Gross Block Gross Block Gross Block

As at

01-Apr-2015

Addition


As at

31-Mar-2016

Micro Software 2,604,571 248,560 - 2,853,131

ERP Software

1,927,999 - - 1,927,999

Total 4,532,570 248,560 - 4,781,130

Particulars Depreciation Depreciation Depreciation Depreciation Net Block

As at

01-Apr-2015

Addition


As at

31-Mar-2016 Adjustment from retained earning

As at

31-Mar-2016

Micro Software

1,545,755 546,697 - 2,092,452 - 760,679

101


ERP Software

1,156,800 385,600 - 1,542,400 - 385,599

Total 2,702,555 932,297 - 3,634,852 - 1,146,278

[200600] Notes - Subclassification and notes on liabilities and assets

Classification of inventories [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClassification of inventories [Axis] Company total inventories [Member] Raw materials [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016 Subclassification and notes on liabilities and assets [Abstract] Inventories notes [Abstract] Inventories [Abstract] Classification of inventories [Abstract] Details of inventories [LineItems] Inventories 35,06,78,981 28,23,63,250 8,33,29,186 2,72,28,462

Goods in transit 1,27,10,599 0

Mode of valuation

Valued at Cost (OnFIFO method) or netrealizable valuewhichever is less.




Classification of inventories [Table] ..(2)

Unless otherwise specified, all monetary values are in INRClassification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016 Subclassification and notes on liabilities and assets [Abstract] Inventories notes [Abstract] Inventories [Abstract] Classification of inventories [Abstract] Details of inventories [LineItems] Inventories 6,01,01,044 0 19,45,38,152 25,51,34,788

Goods in transit 1,27,10,599 0

Mode of valuation

Valued at Cost (OnFIFO method) or netrelizable valuewhichever is less.

Valued at Cost (OnFIFO method) or netrelizable valuewhichever is less.



102


Disclosure of breakup of provisions [Table] ..(1)


31/03/2017 31/03/2016 31/03/2017 31/03/2016 Subclassification and notes on liabilities and assets [Abstract] Provisions notes [Abstract] Disclosure of breakup of provisions [Abstract] Disclosure of breakup of provisions [LineItems] Provisions [Abstract] Provisions for employee benefits [Abstract] Provision gratuity 14,35,539 3,45,486 (A) 4,65,621 (B) 6,54,331

Provision leave encashment 12,64,689 13,57,403 (C) 85,620 (D) 79,871

Total provisions for employee benefits 27,00,228 17,02,889 5,51,241 7,34,202

Provision for corporate tax [Abstract] Provision for other tax (E) 54,95,354 (F) 52,60,681

Total provision for corporate tax 54,95,354 52,60,681

CSR expenditure provision 0 0 0 0

Total provisions 27,00,228 17,02,889 60,46,595 59,94,883

Footnotes (A) Provision for Gratuity ( Refer note no "6" above ) : 465621

(B) Provision for Gratuity ( Refer note no "6" above ) : 654331

(C) Provision for leave encashment ( Refer note no "6" above ) : 85620

(D) Provision for leave encashment ( Refer note no "6" above ) : 79871

(E) Less: Shown deducted from TDS (Note no. 14 Long Term Loans and advances) : 5495354

(F) Less: Shown deducted from TDS (Note no. 14 Long Term Loans and advances) : 5260681

Loans and advances [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClassification based on time period [Axis] Long-term [Member]Classification of loans and advances [Axis] Loans and advances [Member] Security deposits [Member]

Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]

31/03/2017 31/03/2016 31/03/2017 31/03/2016 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross 78,54,346 1,19,11,024 23,88,540 8,82,726

Allowance for bad and doubtful loans and advances

0 0 0 0

Loans and advances 78,54,346 1,19,11,024 23,88,540 8,82,726

Details of loans and advances due by directors, other officers or others [Abstract] Loans and advances due by directors 0 0 0 0

Loans and advances due by other officers 0 0 0 0

Details of loans and advances due by firms or companies in which any director is partner or director [Abstract] Loans and advances due by firms in which any director is partner

0 0 0 0

Total loans and advances due by firms or companies in which any director is partner or director

0 0 0 0

103



Unless otherwise specified, all monetary values are in INRClassification based on time period [Axis] Long-term [Member]Classification of loans and advances [Axis] Other loans and advances [Member] MAT credit entitlement [Member]


31/03/2017 31/03/2016 31/03/2017 31/03/2016 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross 54,65,806 1,10,28,298 (A) 46,01,045 (B) 69,63,135


0 0 0 0

Loans and advances 54,65,806 1,10,28,298 46,01,045 69,63,135




0 0 0 0


0 0 0 0

Footnotes (A) MAT credit entitlement: 6963135, - TDS to adjustment (refund due): 734950, - Current year adjustment: 1627140

(B) MAT credit entitlement



Classification of loans and advances [Axis] Other loans and advances, others[Member]

Loans and advances [Member]


31/03/2017 31/03/2016 31/03/2017 31/03/2016 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross (A) 8,64,761 (B) 40,65,163 2,14,22,600 2,62,08,046


0 0 0 0

Loans and advances 8,64,761 40,65,163 2,14,22,600 2,62,08,046




0 0 0 0


0 0 0 0

104


Footnotes (A) Tax Deducted at Source : 864761

(B) Tax Deducted at Source : 4065163



Classification of loans and advances [Axis] Loans advances given suppliers[Member]

Other loans and advances [Member]


31/03/2017 31/03/2016 31/03/2017 31/03/2016 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross (A) 0 (B) 1,33,58,592 2,14,22,600 1,28,49,454


0 0 0 0

Loans and advances 0 1,33,58,592 2,14,22,600 1,28,49,454




0 0 0 0


0 0 0 0

Footnotes (A) Advance to Suppliers : 0

(B) Advance to Suppliers : 13358592

105



Unless otherwise specified, all monetary values are in INRClassification based on time period [Axis] Short-term [Member]Classification of loans and advances [Axis] Prepaid expenses [Member] Other taxes receivable [Member]


31/03/2017 31/03/2016 31/03/2017 31/03/2016 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross (A) 3,21,366 (B) 2,24,211 (C) 2,02,04,249 (D) 1,15,97,134


0 0 0 0

Loans and advances 3,21,366 2,24,211 2,02,04,249 1,15,97,134




0 0 0 0


0 0 0 0

Footnotes (A) Prepaid Expenses : 321366

(B) Prepaid Expenses : 224211

(C) Balance with Revenue Authorities : 20204249

(D) Balance with Revenue Authorities : 11597134



Classification of loans and advances [Axis] Other loans and advances, others[Member]

Classification of assets based on security [Axis] Unsecured considered good [Member]

31/03/2017 31/03/2016 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross (A) 8,96,985 (B) 10,28,109

Allowance for bad and doubtful loans and advances 0 0

Loans and advances 8,96,985 10,28,109

Details of loans and advances due by directors, other officers or others [Abstract] Loans and advances due by directors 0 0

Loans and advances due by other officers 0 0

Details of loans and advances due by firms or companies in which any director is partner or director [Abstract] Loans and advances due by firms in which any director is partner 0 0


0 0

Footnotes (A) Refund Due(as per assessed order) : 91185 Refund Due(as per assessed order) : 805800

(B) Refund Due(as per assessed order) : 1028109 Refund Due(as per assessed order) : 0

106


Subclassification of trade receivables [Table] ..(1)


Classification of assets based on security [Axis] Classification of assets based on security[Member]

Unsecured considered good [Member]

31/03/2017 31/03/2016 31/03/2017 31/03/2016 Subclassification and notes on liabilities and assets [Abstract] Trade receivables notes [Abstract] Trade receivables [Abstract] Subclassification of trade receivables [Abstract] Subclassification of trade receivables [LineItems] Breakup of trade receivables [Abstract] Trade receivables, gross 19,86,48,681 15,86,48,476 19,86,48,681 15,86,48,476

Allowance for bad and doubtful debts 0 0 0 0

Total trade receivables 19,86,48,681 15,86,48,476 19,86,48,681 15,86,48,476

Details of trade receivables due by directors, other officers or others [Abstract] Trade receivables due by directors 0 0

Trade receivables due by other officers 0 0

Details of trade receivables due by firms or companies in which any director is partner or director [Abstract] Total trade receivables due by firms or companies in which any director is partner or director

0 0

107



to 31/03/2017

01/04/2015 to

31/03/2016Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock] Disclosure of notes on other long-term liabilities explanatory [TextBlock]


Trade payables, long-term 0 0

Others long-term, others (A) 8,82,57,265 (B) 2,25,57,000

Total others, long-term 8,82,57,265 2,25,57,000

Total other long-term liabilities 8,82,57,265 2,25,57,000

Disclosure of notes on provisions explanatory [TextBlock] Textual information (41) [See below]

Disclosure of notes on other current liabilities explanatory [TextBlock]


Current maturities of long-term debt (C) 10,90,868 (D) 1,13,549

Interest accrued but not due on borrowings 0 0

Interest accrued and due on borrowings 0 0

Interest accrued but not due on public deposits 0 0

Interest accrued and due on public deposits 0 0

Debentures claimed but not paid 0 0

Unpaid dividends 0 0

Application money received for allotment of securities and due for refund, principal

0 0

Unpaid matured deposits and interest accrued thereon 0 0

Unpaid matured debentures and interest accrued thereon 0 0

Taxes payable other tax (E) 47,04,983 (F) 24,77,325

Public deposit payable, current 0 0

Total other payables, current 47,04,983 24,77,325

Advance received from customers 0 8,09,13,552

Current liabilities portion of share application money pending allotment

0 0

Other current liabilities, others (G) 4,81,33,854 (H) 5,06,69,940

Total other current liabilities 5,39,29,705 13,41,74,366

Disclosure of notes on loans and advances explanatory [TextBlock] Textual information (43) [See below]

Disclosure of notes on inventories explanatory [TextBlock] Textual information (44) [See below]

Disclosure of notes on trade receivables explanatory [TextBlock] Textual information (45) [See below]

Aggregate amount of trade receivables outstanding for period exceeding six months

1,14,24,995 98,21,458

Disclosure of notes on cash and bank balances explanatory [TextBlock] Textual information (46) [See below]

Fixed deposits with banks (I) 12,53,82,686 (J) 7,70,70,612

Other deposits with banks (K) 2,36,26,746 (L) 1,73,45,437

Total balance with banks 14,90,09,432 9,44,16,049

Cash on hand (M) 1,16,671 (N) 6,59,146

Total cash and cash equivalents 14,91,26,103 9,50,75,195

Total cash and bank balances 14,91,26,103 9,50,75,195

Total balances held with banks to extent held as margin money or security against borrowings, guarantees or other commitments

0 0

Bank deposits with more than twelve months maturity 0 0

Disclosure of notes on other current assets explanatory [TextBlock] Textual information (47) [See below]

Interest receivable (O) 24,90,519 (P) 23,20,622

Total other current assets 24,90,519 23,20,622

108


Footnotes (A) Security Deposit from Vendors : 11478482 Trade creditors (old more than 365 days) : 76778783

(B) Security Deposit from Vendors : 22557000 Trade creditors (old more than 365 days) : 0

(C) Current maturities of Long-Term Borrowings (Refer note no "5" above) : 1090868

(D) Current maturities of Long-Term Borrowings (Refer note no "5" above) : 113549

(E) Duties and Taxes : 4704984

(F) Duties and Taxes : 2477326

(G) Due to Staff : 1492071 Other Payables (for non trading items) : 26243483 Expenses Payable : 20398300

(H) Due to Staff : 650180 Other Payables (for non trading items) : 2420899 Expenses Payable : 47598861

(I) In Fixed Deposit with banks (held as margin money ) : 59396955 In Fixed Deposits held as collateral Securities with banks :65985731

(J) In Fixed Deposit with banks (held as margin money ) : 15403000 In Fixed Deposits held as collateral Securities with banks :61667612

(K) In current accounts : 14575566 In Recurring Deposits maturing within one year : 9051180

(L) In current accounts : 8895703 In Recurring Deposits maturing within one year : 8449734

(M) Cash In Hand : 116671

(N) Cash In Hand : 659146

(O) Accrued Interest in FDR : 2490519

(P) Accrued Interest in FDR : 2320622


Disclosure of notes on other long-term liabilities explanatory [Text Block]

6. Other Long term liabilities


Security Deposit from Vendors 11,478,482 11,152,394

Trade creditors (old more than 365 days) 76,778,783

TOTAL 88,257,265 11,152,394

7. Trade Creditors

Trade creditors having more than 365 days has been shown as other long term liabilities. The two creditors Dinhor Investment Limited (HK) andAerospace Science and Industries Shenzen (Group) Limited has been defined under in this group. The above said parties has been disputes onsome quality issues and has been earmarked as long term liability by the management and has been defined in the notes to financial statements.

109



Disclosure of notes on provisions explanatory [Text Block]

7. Long term provisions


Provision for Leave encashment 1,264,689 1,357,403

Provision for Gratuity 1,435,539 345,486

TOTAL 2,700,228 1,702,889

Gratuity

Particulars As at 31-March 2017 As at 31-March-2016

Opening Balance 999,817 1,245,452

Addition during the year 468,516 (88,758)

Reversal during the year 1,371,288 -

Less : Payment made 938,461 156,877

Balance 1,901,160 999,817

Less : Short Term liability shown under Note No. "11" 465,621 654,331

1,435,539 345,486

Leave Encashment

Opening Balance 1,437,274 1,713,570

Addition / (Reversal) during the year (51,273) (276,296)

Less : Payment made 35,692

Balance 1,350,309 1,437,274

Less : Short Term Liability shown under the head Short Term provisions Note No. "11" 85,620 79,871

110


Total 1,264,689 1,357,403

11. Short term provisions

Particulars

As at31-March-2017

As at31-March-2016

Provision for Employee Benefits

Provision for Gratuity ( Refer note no "6" above ) 465,621 654,331

Provision for leave encashment ( Refer note no "6" above ) 85,620 79,871

Provision for Taxation F.Y.2016-17 F.Y.2015-16

Opening Balance 5,260,681 3,750,654

Less : Tax Paid during the Year

Provision for the Current year 5,495,354 3,212,481

Less: trfd to Income tax exp.earlier year 1,426,805 1,702,454

Less: TDS related to old years 3,833,876

-

Total 5,495,354 5,260,681

Less: Shown deducted from TDS (Note no. 14 Long Term Loans andadvances)

5,495,354 5,260,681 5,495,354 5,260,681

TOTAL 6,046,595 5,994,883

111



Disclosure of notes on other current liabilities explanatory [Text Block]

10. Other Current Liabilities


Due to Staff 1,492,071 650,180

Duties and Taxes 4,704,984 2,477,326

Advance from customers - 80,913,552

Other Payables (for non trading items) 26,243,483 2,420,899

Expenses Payable 20,398,300 47,598,861

Current maturities of Long-Term Borrowings (Refer note no "5" above) 1,090,868 113,549

TOTAL 53,929,705 134,174,366

112



Disclosure of notes on loans and advances explanatory [Text Block]

14. d) Long Term Loans and advances:


As at31-March-2016

MAT Credit Entitlement 6,963,135 4,601,045 6,963,135

Less: tds to adjustment(refund due) 734,950

Less: current year adjustment 1,627,140

Security Deposits 2,388,540 882,726

Tax Deducted at sources ( Net of Provision for Income Tax

Particulars F.Y.2016-17 F.Y.2015-16

Tax Deducted at sources 4,789,078 6,795,726

Less: Provision for Taxation 3,833,876 - 864,761 4,065,163

Less: tfd to adjustment (refund due) 70,850

Less: Tds relating to assessed years 19,591 2,730,563

( Also shown deducted from Short Term Provision as per note 11)

**Provision for Tax has been shown seprately in Note 11 during the financialyear 2016-17

TOTAL 7,854,346 11,911,024

18. Short Term Loans and Advances


Advance to Suppliers - 13,358,592

113


Prepaid Expenses 321,366 224,211

Balance with Revenue Authorities 20,204,249 11,597,134

Refund Due(as per assessed order) 91,185 1,028,109

Refund Due(as per assessed order) 805,800 -

Total 21,422,600 26,208,046

114



Disclosure of notes on inventories explanatory [Text Block]

15. Inventories

As at 31-March-2017 As at 31-March-2016

Inventories Current Year Previous Year 350,678,981 282,363,250

Finished goods:-

Finished goods:- 194,538,152 255,134,788

Work-in-Progress 60,101,044 -

Raw-Materials 83,329,186 27,228,462

Goods in Transit 12,710,599 -

350,678,981 282,363,250

TOTAL 350,678,981 282,363,250

Particulars of Opening Stock, Purchase & sales of Goods

(Amount in Rupees.)

PARTICULARS OPENING BALANCE RS. DURING THE YEAR SALES DURING THE YEAR CLOSING BALANCE

FINISHED GOODS

2016-2017 255,134,788 395,625,496 1,925,235,181 194,538,152

2015-2016 166,156,343 1,484,328,961 1,665,766,831 255,134,788

115


RAW MATERIAL

2016-2017 27,228,462 1,229,372,554 5,289,277 83,329,186

2015-2016 40,176,190 11,391,544 9,953,041 27,228,462

WORK-IN-PROGRESS

2016-2017 - - - 60,101,044

2015-2016 - - - -

GOODS IN TRANSIT - - - 12,710,599

C.Y Total 282,363,250 1,624,998,050 1,930,524,457 350,678,981

P.Y Total 206,332,533 1,495,720,505 1,675,719,872 282,363,250

116



Disclosure of notes on trade receivables explanatory [Text Block]

16. Trade Receivable


( Unsecured considered good)

Trade Receivables Outstanding Considered good

Exceeding 6 months 11,424,995 9,821,458

Less than 6 months 187,223,686 148,827,018

Considered doubtful -

TOTAL 198,648,681 158,648,476

117



Disclosure of notes on cash and bank balances explanatory [Text Block]

17. Cash & Cash Equivalents

Particulars As at 31-March 2017 As at 31-March-2016

Cash In Hand 116,671 659,146

Balance with Banks

In current accounts 14,575,566 8,895,703

In Fixed Deposits held as collateral Securities with banks 65,985,731 61,667,612

In Recurring Deposits maturing within one year 9,051,180 8,449,734

In Fixed Deposit with banks (held as margin money ) 59,396,955 15,403,000

TOTAL 149,126,103 95,075,195

Details of Fixed Deposits:

Held as Margin money Maturing within one year 59,396,955

Maturing after one year - 59,396,955

Held as collateral Security Maturing within one year 65,985,731

Maturing after one year - 65,985,731

118



Disclosure of notes on other current assets explanatory [Text Block]

19. Other Current Assets

Particular As at 31-March-2017 As at 31-March-2016

Accrued Interest in FDR 2,490,519 2,320,622

Total 2,490,519 2,320,622

119


[200700] Notes - Additional disclosures on balance sheet


to 31/03/2017

01/04/2015 to

31/03/2016

Disclosure of additional balance sheet notes explanatory [TextBlock] Textual information (48) [See below]

Total contingent liabilities and commitments 0 0

Amount of dividends proposed to be distributed to equity shareholders 0 0

Amount of per share dividend proposed to be distributed to equity shareholders

[INR/shares] 0 [INR/shares] 0

Deposits accepted or renewed during period 0 0

Deposits matured and claimed but not paid during period 0 0

Deposits matured and claimed but not paid 0 0

Deposits matured but not claimed 0 0

Interest on deposits accrued and due but not paid 0 0

Share application money received during year 0 0

Share application money paid during year 0 0

Amount of share application money received back during year 0 0

Amount of share application money repaid returned back during year 0 0

Number of person share application money paid during year [pure] 0 [pure] 0

Number of person share application money received during year [pure] 0 [pure] 0

Number of person share application money paid as at end of year [pure] 0 [pure] 0

Number of person share application money received as at end of year [pure] 0 [pure] 0

Whether maintenance of cost records by company has been mandated under Companies (Cost Records and Audit) Rules, 2014

No No

Whether audit of cost records of company has been mandated under Rules specified in SN 1

No No

Unclaimed share application refund money 0 0

Unclaimed matured debentures 0 0

Unclaimed matured deposits 0 0

Interest unclaimed amount 0 0

Number of warrants converted into equity shares during period [pure] 0 [pure] 0

Number of warrants converted into preference shares during period [pure] 0 [pure] 0

Number of warrants converted into debentures during period [pure] 0 [pure] 0

Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0

Number of warrants issued during period (INR) [pure] 0 [pure] 0

120



Disclosure of additional balance sheet notes explanatory [Text Block]

9. Trade Payables


Trade payables

(i) To Micro, small and Medium Enterprises -

(ii) Others 185,573,927 134,964,988

TOTAL 185,573,927 134,964,988

Additional Information:

The company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises DevelopmentAct, 2006, hence disclosure relating to amounts unpaid as at the year end together with interest paid/payable under this Act have not been given.

23. Figures have been rounded off to the nearest rupees.

24. Figures of the previous year have been regrouped, reclassified wherever necessary to make it comparable with this Current year figures.

3. Dues to MSME

The company has no dues payable to Micro, Small and Medium Enterprises as per MSMED Act 2006 as per information provided to us.

4. The company has considered Telecom and mobile businesses as one business segment for disclosure in the context of Accounting Standardsnotified under Section 133 of the Companies Act, 2013 and the relevant provisions thereto. The Company is mainly engaged in the business oftelecom and mobile segment, and other electrical items only, for the year under report. The other major segment of company’s business isMemory Cards, Power Banks, LED Lights etc but this does not require a separate segment reporting as per accounting standard 17 issued by theInstitute of Chartered Accountants of India (ICAI). During the year, the company’s all business was within India. The primary segment isTelecom, cards and accessories related to telecom, & telecom equipments. The other electrical items presents not even 1% of total business. Sothat no separate reporting has been done there.

Unabsorbed Losses as per Income Tax Act

Opening Bal Opening Bal Additions duringthe year

Additions duringthe year

Set Off duringthe year

Set Off duringthe year

Balance CarriedForward

Balance CarriedForward

A.Y Dep Loss BusinessLoss

Dep Loss Business Loss Dep Loss Business Loss Dep Loss Business Loss

2012-13 3,715,887.00 5,350,280.00 3,715,887.00 5,350,280.00 - -

2013-14

121


[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates


to 31/03/2017

Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [TextBlock]


122



Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]

SIGNIFICANT ACCOUNTING POLICIES

1. Basis of Preparation

The Financial statements has been prepared under historical cost conventions from books of accounts maintained on accrual basis ( unlessotherwise stated hereinafter) in conformity with accounting principles generally accepted in India and comply with the Accounting Standardissued by the ICAI and referred to Section 129 & 133 of the Companies Act, 2013 of India.

All assets and liabilities have been classified as current or non- current as per the Company's normal operating cycle and other criteria set out asAct and guidelines. Based on the nature of products and the time between acquisition of assets for processing and their realization in cash andcash equivalents, the company has ascertained its operating cycle as 12 months for the purpose of current/ non-current classification of assets andliabilities.

2. Expenditure

Expenses are accounted on accrual basis.

3. Provisions & Contingent Liabilities:

A provision is recognised when an enterprise has a present obligation as a result of past event; it is probable that an outflow of resources will berequired to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to its present value and aredetermined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and areadjusted to reflect the current best estimates.

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrenceof one or more uncertain future events beyond the control of the company or a present obligation that is not recognized because it is not probablethat an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is aliability that cannot be recognized because it cannot be measured reliably. The Group does not recognize a contingent liability but discloses itsexistence in the financial statements.

4. Employee Benefits

All employees of the company are entitled to receive benefits under the Provident Fund, Which is a defined contribution plan. Both the employeeand the employer make monthly contributions to the plan at a predetermined rate of the employees’ basic salary. These contributions are made tothe fund administered and managed by the Government of India. The company’s contribution to this scheme is expensed off in the profit & lossAccount.

In respect of retirement benefit in the form of gratuity is a defined benefit obligation and is provided for on the basis of an actuarial valuation onprojected unit credit method made at the end of each financial period. Actuarial gains/losses are immediately taken to the Statement of Profit andLoss and are not deferred.

The liability as at the period end represents the difference between the actuarial valuation of the gratuity liability of continuing employees and fairvalue of plan assets with the insurers as at the end of the period.

Provision for leave encashment is being made as per Actuarial valuation done by the Actuary.

5. Tangible Assets

123


Tangible Assets are stated at cost, less accumulated depreciation and impairment, subsequent expenditures related to an item of tangible asset areadded to its book value only if they increase the future benefits from the existing asset beyond its previously assessed standard of performance.Cost of acquisition of fixed assets is inclusive of Freight, Duties & Taxes which is not recoverable from any authority.

6. Intangible Assets

Intangible assets are stated at cost less accumulated amortization and net of impairments, if any. An intangible asset is recognized if it is probablethat the expected future economic benefits that are attributable to the asset will flow to the Company and its cost can be measured reliably.Intangible assets having finite useful lives are amortized on a straight-line basis over their estimated useful lives.

7. Depreciation and amortization

Pursuant to companies act, 2013(“the Act”) being effective from 1 April 2014, the company has revised depreciation rates on tangible assets asper useful life specified in part ‘c’ of schedule II of the act. . Intangible Assets (software) are amortized over their useful lives not exceeding fiveyears.

Fixed Assets Useful life(years)

Plant & Machinery 15

Furniture and Fixtures 10

Computer – End user devices/server 3/6

Office Equipment 5

Factory Equipment/office equipments 15/10

Super Structure 10

Conveyer Belts/ 6

8. Impairment

Assessment for impairment is done at each Balance Sheet date as to whether there is any indication that an asset (tangible and intangible) may beimpaired. For the purpose of assessing impairment, the smallest group of assets that generates cash inflows from continuing use that are largelyindependent of the cash inflows from other assets or groups of assets is considered as a cash generating unit. No such impairment is indicated inthe balance sheet and neither such reflection has been arisen.

9. Loans and advances

Loans and advances includes security deposit and other short term advance to suppliers only, which has been given on short term basis for tradepurposes.

10. Taxation

Tax expense comprises of current and deferred tax. Current income tax is measured at the amount expected to be paid to the tax authorities inaccordance with the Income Tax Act, 1961. Deferred income taxes reflect the impact of current year’s timing differences between taxable incomeand accounting income for the year and reversal of timing differences of earlier years / period. Deferred tax is measured based on the tax rates andthe tax laws enacted or substantively enacted at the balance sheet date. Deferred tax assets and deferred tax liabilities are offset, if a legally

124


enforceable right exists to set off current tax assets against current tax liabilities and the deferred tax assets and deferred tax liabilities relate to thetaxes on income levied by same governing taxation laws. Deferred tax assets are recognised only to the extent that there is reasonable certaintythat sufficient future taxable income will be available against which such deferred tax assets can be realised. In situations where the Company hasunabsorbed depreciation or carry forward of tax losses, all deferred tax assets are recognised only if there is virtual certainty supported by

125


convincing evidence that such deferred tax assets can be realised against future taxable profits. At each balance sheet date, the Companyreassesses unrecognised deferred tax assets. It recognises unrecognised deferred tax assets to the extent that it has become reasonably or virtuallycertain as the case may be, that sufficient future taxable income will be available against which such deferred tax assets can be realised.

The carrying amount of deferred tax assets are reviewed at each balance sheet date. The Company writes–down the carrying amount of a deferredtax asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will beavailable against which deferred tax asset can be realised. Any such write–down is reversed to the extent that it becomes reasonably certain orvirtually certain, as the case may be, that sufficient future taxable income will be available.

11. Cash and Cash Equivalents

Cash and Cash Equivalents comprise cash and cash-on-deposit with banks and financial institutions. The group considers all highly liquidinvestments with a remaining maturity at the date of purchase of three months or less and that are readily convertible to known amounts of cash tobe cash equivalents.

12. Use of Estimate

The preparation of financial statements in conformity with generally accepted accounting principles requires the management to make estimatesand assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financialstatements and the results of operations during the reporting period end. Although these estimates are based upon management’s best knowledgeof current events and actions, actual results could differ from these estimates.

13. Segment Reporting

Accounting Standard - 17 "Segment Reporting" issued by "The Institute of Chartered Accountants of India" is not applicable to this company ascompany does not have any reportable segment during the year.

14. Sales Recognition

Sale of Goods is recognized on accrual basis on transfer of significant risk & rewards. Sales are net of returns and net of all indirect taxes but notof discounts which have been reflected separately.

15. Trade creditors & Debtors

Trade creditors have been disclosed under current liabilities as the creditors are known for trade, but the creditors which are old than 365 dayshave been shown under other long term liabilities. Two creditors which are covered under disputed liability has been shown under other long termliabilities.

Debtors have been disclosed under two categories as debtors more than 180 days and less than 180 days.

16. Foreign Currency Transaction

(i) Initial Recognition

Foreign currency transactions are recorded in the reporting currency, by applying to the foreign currency amount the exchange rate between thereporting currency and the foreign currency at the date of the transaction.

(ii) Conversion

Foreign currency monetary items are reported using the closing rate. Non–monetary items which are carried in terms of historical costdenominated in a foreign currency are reported using the exchange rate at the date of the transaction.

(iii) Exchange Differences

126


Exchange differences arising on the settlement of monetary items or on reporting Company’s monetary items at rates different from those atwhich they were initially recorded during the year or reported in previous financial statements, are recognised as income or as expenses in theyear in which they arise.

17. Inventories

Inventories of Finished goods are valued at cost (on FIFO method) or net realizable value whichever is less. Inventories of spares, consumablesand accessories are valued at cost (on FIFO method). Goods in transit are recorded at its purchase price.

18. Warranty

Warranty provision for mobile phones is made on accrual basis based on the technical estimate taking into the past trend of warranty claims.

19. Unclaimed Balances:

Balances lying unclaimed beyond three year’s are written off/ written back as per company policy

[201700] Notes - Government grants


to 31/03/2017

01/04/2015 to

31/03/2016Disclosure of notes on government grants explanatory [TextBlock] Capital subsidies or grants received from government authorities 0 0

Revenue subsidies or grants received from government authorities 0 0

[201200] Notes - Employee benefits


to 31/03/2017

Disclosure of employee benefits explanatory [TextBlock] Textual information (50) [See below]

127



Disclosure of employee benefits explanatory [Text Block]

Employee Benefits

All employees of the company are entitled to receive benefits under the Provident Fund, Which is a defined contribution plan. Both the employeeand the employer make monthly contributions to the plan at a predetermined rate of the employees’ basic salary. These contributions are made tothe fund administered and managed by the Government of India. The company’s contribution to this scheme is expensed off in the profit & lossAccount.

In respect of retirement benefit in the form of gratuity is a defined benefit obligation and is provided for on the basis of an actuarial valuation onprojected unit credit method made at the end of each financial period. Actuarial gains/losses are immediately taken to the Statement of Profit andLoss and are not deferred.

The liability as at the period end represents the difference between the actuarial valuation of the gratuity liability of continuing employees and fairvalue of plan assets with the insurers as at the end of the period.

Provision for leave encashment is being made as per Actuarial valuation done by the Actuary.

128


[201600] Notes - Related party

Disclosure of relationship and transactions between related parties [Table] ..(1)

Unless otherwise specified, all monetary values are in INRCategories of related parties [Axis] 1 2

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016 Disclosure of relationship and transactions between related parties [Abstract] Disclosure of relationship and transactions between related parties [LineItems] Name of related party Sandeep Mushran Sandeep Mushran Kapil Chugh Kapil Chugh

Country of incorporation or residence of related party


Permanent account number of related party AANPM2365H AANPM2365H AFEPC2344A AFEPC2344A

Description of nature of related party relationship Key ManagementPersonnel

Key ManagementPersonnel



Description of nature of transactions with related party

D i r e c t o rRemuneration

Remuneration PaidD i r e c t o rRemuneration

Remuneration Paid

Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 24,00,000 46,00,000 24,00,000 3,00,000

Amount written off during period in respect of debts due from related parties

0 0 0 0

Amount written back during period in respect of debts due to related parties

0 0 0 0



01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016

01/04/2016 to

31/03/2017

01/04/2015 to

31/03/2016 Disclosure of relationship and transactions between related parties [Abstract] Disclosure of relationship and transactions between related parties [LineItems] Name of related party Shwetank Agarwal Shwetank Agarwal Sanjeev Batra Sanjeev Batra

Country of incorporation or residence of related party


Permanent account number of related party APDPA2180D APDPA2180D AFTPB2263G AFTPB2263G





Description of nature of transactions with related party


Remuneration PaidD i r e c t o rRemuneration

Remuneration Paid

Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 0 1,50,000 0 2,00,000

Amount written off during period in respect of debts due from related parties

0 0 0 0

Amount written back during period in respect of debts due to related parties

0 0 0 0

129




01/04/2016 to

31/03/2017

01/04/2016 to

31/03/2017 Disclosure of relationship and transactions between related parties [Abstract] Disclosure of relationship and transactions between related parties [LineItems]

Name of related party Yogesh KumarChugh

Priyanka Chugh

Country of incorporation or residence of related party INDIA INDIA

Permanent account number of related party AIPPC3249N AWXPS9367D



Description of nature of transactions with related party D i r e c t o rRemuneration


Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 12,00,000 1,00,000

Amount written off during period in respect of debts due from related parties 0 0

Amount written back during period in respect of debts due to related parties 0 0


to 31/03/2017

01/04/2015 to

31/03/2016

Disclosure of notes on related party explanatory [TextBlock] Textual information (51) [See below]

Whether there are any related party transactions during year Yes Yes

Whether company is subsidiary company No No

130



Disclosure of notes on related party explanatory [Text Block]

22. Related Party Disclosures-

1. Relationship as per Accounting standard 18:

a) Subsidiary : Nil

b) Associates and Joint Venture : NIL

c) Key Management Personnel:

Name of KMP Nature of Transactions Amount

Sandeep Mushran Director Remuneration 24,00,000/-

Yogesh Kumar Chugh Director Remuneration 12,00,000/-

Priyanka Chugh Director Remuneration 1,00,000/-

Kapil Chugh Director Remuneration 24,00,000/-

d) Relative of Key Management Personnel where transactions have taken place: Nil

e) Other related parties in which key management personnel are able to exercise significant influence.

Section 188 of the Companies Act 2013 is not applicable on Private Company, hence disclosures mentioned as per Accounting Standard AS-18has not been given here.

131


[201400] Notes - Leases


to 31/03/2017

01/04/2015 to

31/03/2016Disclosure of leases explanatory [TextBlock] Whether any operating lease has been converted to financial lease or vice-versa

No No

[300300] Notes - Earnings per share


to 31/03/2017

01/04/2015 to

31/03/2016

Disclosure of earnings per share explanatory [TextBlock] Textual information (52) [See below]

Adjustments of numerator to calculate basic earnings per share [Abstract] Profit (loss) for period 1,54,27,163 1,34,69,823

Adjustments of numerator to calculate diluted earnings per share [Abstract] Profit (loss) for period 1,54,27,163 1,34,69,823

132



Disclosure of earnings per share explanatory [Text Block]

20. Earnings Per Share

Basic earnings per share are computed by dividing the net profit after tax by the weighted average number of equity shares outstanding during theperiod. Diluted earnings per share are computed by dividing the profit after tax by weighted average number of equity shares considered forderiving basic earnings per share and also the weighted average number of equity shares that could have been issued upon conversion of alldilutive potential equity shares.

ParticularsFor the year ended 31 March2017

For the year ended 31 March2016

Profit After Tax(in Rupees) 1,54,27,163/- 1,34,69,822/-

Total weighted average number of equity share of Rs 10each

14,10,568 840350

Basic Earnings Per Share 10.94 16.03

Total weighted average number of equity share of Rs 10each

14,10,568 840350

Diluted Earnings Per Share 10.94 16.03

[202800] Notes - Subsidiary information


to 31/03/2017

Disclosure of subsidiary information explanatory [TextBlock] Whether company has subsidiary companies No

Whether company has subsidiary companies which are yet to commence operations

No

Whether company has subsidiary companies liquidated or sold during year No

133


[201900] Notes - Income taxes


to 31/03/2017

31/03/2016

Disclosure of notes on income taxes explanatory [TextBlock] Textual information (53) [See below]

Disclosure of breakup of deferred tax assets and deferred tax liabilities [Abstract] Components of deferred tax assets [Abstract]

Deferred tax asset, employee benefits (A) 81,31,068 (B) 40,44,844

Deferred tax asset, unabsorbed depreciation (C) 0 (D) 37,15,887

Deferred tax in respect of business combinations (E) 0 (F) 1,42,10,342

Deferred tax asset, other (G) 5,92,94,386 (H) 1,38,36,478

Total deferred tax assets 6,74,25,454 3,58,07,551

Footnotes (A) Provision for Gratuity disallowed u/s 43B : 7662552 Provision for leave encashment disallowed u/s 43 B : 468516

(B) Provision for Gratuity disallowed u/s 43B : 4133602 Provision for leave encashment disallowed u/s 43 B : -88758

(C) Unabsorbed Depreciation as per Income Tax Act : 0

(D) Unabsorbed Depreciation as per Income Tax Act : 3715887

(E) Unabsorbed Business Loss as per Income Tax Act : 0

(F) Unabsorbed Business Loss as per Income Tax Act : 14210342

(G) WDV As per Companies Act : 25841553 WDV As per Income Tax : 33504106 Loss on saleof fixed Assets : -51273

(H) WDV As per Companies Act : 4989586 WDV As per Income Tax : 9123188 Loss on saleof fixed Assets : -276296

134



Disclosure of notes on income taxes explanatory [Text Block]

13. c) Deferred Tax Assets

In compliance with the Accounting Standard-22 " Accounting for Taxes on income" issued by ICAI, the company has accounted for DTA/DTL(mentioned as below) as on 31.03.2017. Components of Deferred Tax Assets and Liabilities arising on account of timing difference as at 31stMarch, 2017 are as under:-

Particulars

As at 31-March-2017 As at 31-March-2016

Deferred Tax Assets

WDV As per Companies Act 25,841,553 4,989,586

WDV As per Income Tax 33,504,106 9,123,188

7,662,552 4,133,602

Provision for Gratuity disallowed u/s 43B 468,516 (88,758)

Provision for leave encashment disallowed u/s 43B (51,273) (276,296)

Loss on sale of fixed Assets - -

Any other expenditure disallowed u/s 43B - -

Unabsorbed Business Loss as per Income Tax Act - 14,210,342

Unabsorbed Depreciation as per Income Tax Act - 3,715,887

8,079,795 21,694,777

Deferred Tax Liabilities

Net Timing Differences 8,079,795 21,694,777

Deferred Tax assets (net) 2,671,423 7,038,871

Adjustment through Reserve - 5,812

135


Current Year Charge / (Credit ) 4,367,448 2,580,542

Net amount charged to Statement of Profit and Loss 4,367,448 2,586,354

[202400] Notes - Investments in associates


to 31/03/2017

Disclosure of notes on investment in associates explanatory [TextBlock] Whether company has invested in associates No

Whether company has associates which are yet to commence operations No

[202500] Notes - Financial reporting of interests in joint ventures


to 31/03/2017

Disclosure of notes on interests in joint ventures explanatory [TextBlock] Whether company has invested in joint ventures No

Whether company has joint ventures which are yet to commence operations No

Whether company has joint ventures liquidated or sold during year No

[202100] Notes - Other provisions, contingent liabilities and contingent assets


to 31/03/2017

Disclosure of notes on other provisions, contingent liabilities and contingent assets explanatory [TextBlock]


136



Disclosure of notes on other provisions, contingent liabilities and contingent assets explanatory [Text Block]

1. Contingent Liabilities not provided for:

Sr.No.

ParticularsYearEnded 31/03/2017

YearEnded31/03/2016

01Counter guarantees given to the banks against guarantees given by the banks to VAT Authorities Againstthis company has deposited a margin in the form of Fixed Deposits with the bank of Rs. 6.55 Lacs(Previous Year 8.83 Lacs)

Rs. 34.87

Lacs

Rs. 34.87Lacs

02Letter of Credit (Import) issued by the Bank on behalf of the company, in favour of the supplier of thematerial against which the material is yet to be received.

Rs. 216.82 Lacs

Rs. 132.72Lacs

[202700] Notes - Cash flow statements

Unless otherwise specified, all monetary values are in INR31/03/2017 31/03/2016 31/03/2015

Disclosure of cash flow statement explanatory [TextBlock] Cash and cash equivalents if different from balance sheet [Abstract] Cash and cash equivalents cash flow statement 14,91,26,103 9,50,75,195 10,93,74,743

Total cash and cash equivalents 14,91,26,103 9,50,75,195

137


[100200] Statement of profit and loss


to 31/03/2017

01/04/2015 to

31/03/2016Statement of profit and loss [Abstract] Disclosure of revenue from operations [Abstract] Disclosure of revenue from operations for other than finance company [Abstract] Revenue from sale of products 193,05,24,457 167,57,19,872

Revenue from sale of services 0 0

Total revenue from operations other than finance company 193,05,24,457 167,57,19,872

Total revenue from operations 193,05,24,457 167,57,19,872

Other income 89,89,380 1,14,96,283

Total revenue 193,95,13,837 168,72,16,155

Expenses [Abstract] Cost of materials consumed 0 0

Purchases of stock-in-trade (A) 163,77,08,649 (B) 149,57,20,505

Changes in inventories of finished goods, work-in-progress and stock-in-trade

-6,83,15,731 -7,60,30,717

Employee benefit expense 6,72,55,510 5,88,94,654

Finance costs (C) 1,44,18,408 (D) 1,93,32,065

Depreciation, depletion and amortisation expense [Abstract] Depreciation expense 86,78,417 13,48,244

Amortisation expense 8,21,005 9,32,296

Total depreciation, depletion and amortisation expense 94,99,422 22,80,540

CSR expenditure 0 0

Other expenses (E) 25,19,94,843 (F) 17,09,62,931

Total expenses 191,25,61,101 167,11,59,978

Total profit before prior period items, exceptional items, extraordinary items and tax

2,69,52,736 1,60,56,177

Total profit before extraordinary items and tax 2,69,52,736 1,60,56,177

Total profit before tax 2,69,52,736 1,60,56,177

Tax expense [Abstract] Current tax 71,58,125 (G) 0

Deferred tax 43,67,448 25,86,354

Total tax expense 1,15,25,573 25,86,354

Total profit (loss) for period from continuing operations 1,54,27,163 1,34,69,823

Total profit (loss) for period before minority interest 1,54,27,163 1,34,69,823

Total profit (loss) for period 1,54,27,163 1,34,69,823

Earnings per equity share [Abstract] Basic earning per equity share [INR/shares] 10.94 [INR/shares] 16.03

Diluted earnings per equity share [INR/shares] 10.94 [INR/shares] 16.03

Footnotes (A) Purchase : 1624998050 Goods in Transit : 12710599

(B) Purchase : 1495720505 Goods in Transit : 0

(C) Finance Cost excluding Bank Charges: 2083278

(D) Finance Cost excluding Bank Charges: 1938738

(E) Other expenses : 221260271 Direct Expenses : 28651294 Bank Charges : 2083278

(F) Other expenses : 169024193 Direct Expenses : 0 Bank Charges : 1938738

(G) Current tax: 3212481, MAT credit entitlement: (3212481)

138


[300500] Notes - Subclassification and notes on income and expenses


to 31/03/2017

01/04/2015 to

31/03/2016

Subclassification and notes on income and expense explanatory [TextBlock] Textual information (55) [See below]

Disclosure of revenue from sale of products [Abstract] Revenue from sale of products [Abstract] Revenue from sale of products, gross 193,05,24,457 167,57,19,872

Total revenue from sale of products 193,05,24,457 167,57,19,872

Disclosure of revenue from sale of services [Abstract] Revenue from sale of services [Abstract] Total revenue from sale of services 0 0

Disclosure of other income [Abstract] Interest income [Abstract] Interest income on long-term investments [Abstract]

Interest on other long-term investments (A) 76,15,270 (B) 96,54,948

Total interest income on long-term investments 76,15,270 96,54,948

Total interest income 76,15,270 96,54,948

Dividend income [Abstract] Total dividend income 0 0

Other non-operating income [Abstract]

Miscellaneous other non-operating income (C) 13,74,110 (D) 18,41,335

Total other non-operating income 13,74,110 18,41,335

Total other income 89,89,380 1,14,96,283

Disclosure of finance cost [Abstract] Interest expense [Abstract] Interest expense short-term loans [Abstract]

Interest expense short-term loans, others (E) 1,35,77,945 (F) 1,81,89,153

Total interest expense short-term loans 1,35,77,945 1,81,89,153

Other interest charges 8,40,463 11,42,912

Total interest expense 1,44,18,408 1,93,32,065

Total finance costs (G) 1,44,18,408 (H) 1,93,32,065

Employee benefit expense [Abstract]

Salaries and wages (I) 5,37,94,349 (J) 4,86,23,140

Managerial remuneration [Abstract] Remuneration to directors [Abstract] Salary to directors 61,00,000 60,00,000

Total remuneration to directors 61,00,000 60,00,000

Total managerial remuneration 61,00,000 60,00,000

Contribution to provident and other funds [Abstract]

Contribution to provident and other funds for others (K) 30,72,671 (L) 28,46,240

Total contribution to provident and other funds 30,72,671 28,46,240

Leave encashment expenses -51,273 -2,76,296

Gratuity 4,68,516 -88,758

Staff welfare expense 22,60,169 13,06,303

Other employee related expenses (M) 16,11,078 (N) 4,84,025

Total employee benefit expense 6,72,55,510 5,88,94,654

Breakup of other expenses [Abstract] Consumption of stores and spare parts 0 0

Power and fuel 0 0

Rent 91,21,609 1,16,00,926

Repairs to building 0 0

Repairs to machinery 0 0

Insurance 12,74,513 11,05,577

139


Rates and taxes excluding taxes on income [Abstract]

Central excise duty (O) 1,17,81,085(P) 0

Other cess taxes (Q) 28,41,522 (R) 20,91,248

Total rates and taxes excluding taxes on income 1,46,22,607 20,91,248

Subscriptions membership fees 14,788 2,55,276

Electricity expenses (S) 19,44,832 (T) 14,46,838

Telephone postage (U) 16,23,958 (V) 23,75,049

Printing stationery 7,08,008 3,41,406

Travelling conveyance 96,10,096 87,88,889

Legal professional charges 58,95,210 99,37,188

Safety security expenses 12,95,498 14,16,781

Directors sitting fees 0 0

Books periodicals 71,784 60,549

Bank charges 20,83,278 19,38,738

Advertising promotional expenses 54,63,171 94,12,446

Warranty claim expenses 2,27,52,605 1,96,99,623

Discounting charges 2,53,59,606 2,31,21,415

Cost repairs maintenance other assets (W) 15,00,721 (X) 26,21,172

Cost transportation [Abstract] Cost freight 1,74,94,207 1,68,45,362

Total cost transportation 1,74,94,207 1,68,45,362

Provision bad doubtful debts created 0 0

Provision bad doubtful loans advances created 0 0

Write-off assets [Abstract] Miscellaneous expenditure written off [Abstract] Total miscellaneous expenditure written off 0 0

Bad debts written off 0 0

Bad debts advances written off 0 0

Loss on disposal of intangible asset 0 0

Loss on disposal, discard, demolishment and destruction of depreciable tangible asset

0 0

Payments to auditor [Abstract]

Payment for audit services (Y) 2,45,5002,29,000

Payment for taxation matters 57,500 57,250

Payment for other services 0(Z) 21,200

Payment for reimbursement of expenses 50,000 57,250

Total payments to auditor 3,53,000 3,64,700

Miscellaneous expenses (AA) 13,08,05,352 (AB) 5,75,39,748

Total other expenses (AC) 25,19,94,843 (AD) 17,09,62,931

Current tax [Abstract] Current tax pertaining to previous years 35,631 0

Current tax pertaining to current year 54,95,354 32,12,481

MAT credit recognised during year -16,27,140 32,12,481

Total current tax 71,58,125(AE) 0

140


Footnotes (A) Interest Income : 7615270

(B) Interest Income : 9654948

(C) Other Income (Misc.) : 1374110

(D) Other Income (Misc.) : 1841335

(E) Interest on Cash Credit : 13577945

(F) Interest on Cash Credit : 18189153

(G) Finance Cost excluding Bank Charges: 2083278

(H) Finance Cost excluding Bank Charges: 1938738

(I) Salary and Wages excluding Salary to Directors : 53794349

(J) Salary and Wages excluding Salary to Directors : 48623140

(K) ESIC Employer Contribution : 354812, PF Expenses: 2717859

(L) ESIC Employer Contribution : 175641, PF Expenses: 2670599

(M) Others : 426853, Bonus: 1184225

(N) Others : 474857, Bonus: 9168

(O) Excise Duty on Manufacturing : 11781085

(P) Excise Duty on Manufacturing : 0

(Q) Rates & Taxes : 2841522

(R) Rates & Taxes : 2091248

(S) Electricity & Water Expenses : 1944832

(T) Electricity & Water Expenses : 1446838

(U) Postage, Telegram, Courier & Telephone & Admin Exp : 1623958

(V) Postage, Telegram, Courier & Telephone & Admin Exp : 2375049

(W) Repair & Maintenance : 1500721

(X) Repair & Maintenance : 2621172

(Y) Statutory Audit fee: 287500 Less Input tax credit: 42000

(Z) Certification Charges

(AA) Service Charges : 9521372 Scheme Expenses : 88983163 Claims Paid : 21414540 Exchange Difference : -7174879 MiscellaneousExp. : 1190947 Wages & Salary on Manufacturing : 16870209

(AB) Service Charges : 6427645 Scheme Expenses : 43319013 Claims Paid : 0 Exchange Difference : 6928949 Miscellaneous Exp. :864141 Wages & Salary on Manufacturing : 0

(AC) Other expenses : 221260271 Direct Expenses : 28651294 Bank Charges : 2083278

(AD) Other expenses : 169024193 Direct Expenses : 0 Bank Charges : 1938738

(AE) Current tax: 3212481, MAT credit entitlement: (3212481)

141



Subclassification and notes on income and expense explanatory [Text Block]

20. Revenue from operations

Particulars For the year ended 31 March2017


OperatingIncome

Sale of Products 1,930,524,457 1,675,719,872

TOTAL 1,930,524,457 1,675,719,872

21. Other income

Particulars For the year ended 31 March 2017 For the year ended 31 March 2016

Interest Income 7,615,270 9,654,948

Other Income (Misc.) 1,374,110 1,841,335

TOTAL 8,989,380 11,496,283

26. Finance Costs


Bank Charges 2,083,278 1,938,738

Interest on Cash Credit 13,577,945 18,189,153

Other Interest 840,463 1,142,912

TOTAL 16,501,686 21,270,803

142


[300600] Notes - Additional information statement of profit and loss


to 31/03/2017

01/04/2015 to

31/03/2016

Additional information on profit and loss account explanatory [TextBlock] Textual information (56) [See below]

Changes in inventories of finished goods (A) -6,83,15,731 (B) -7,60,30,717

Total changes in inventories of finished goods, work-in-progress and stock-in-trade

-6,83,15,731 -7,60,30,717

Value of imports of components and spare parts (C) 42,88,70,568 (D) 80,16,65,624

Total value of imports calculated on CIF basis 42,88,70,568 80,16,65,624

Expenditure on other matters (E) 35,99,04,165 (F) 72,81,34,172

Expenditure on dividend paid 0 0

Total expenditure in foreign currency 35,99,04,165 72,81,34,172

Total amount of dividend remitted in foreign currency 0 0

Total earnings in foreign currency 0 0

Domestic sale traded goods 193,05,24,457 167,57,19,872

Total domestic turnover goods, gross 193,05,24,457 167,57,19,872

Total revenue from sale of products 193,05,24,457 167,57,19,872

Total revenue from sale of services 0 0

Gross value of transaction with related parties as per AS-18 0 0

Bad debts of related parties as per AS-18 0 0

Footnotes (A) Opening Stock: 282363250- Closing Stock: 350678981

(B) Opening Stock: 206332533- Closing Stock: 282363250

(C) Mobile phones: 410589248, Memory Cards: 17770494, Other Accessories & Spares: 510826

(D) Mobile phones: 786830336, Memory Cards: 3471864, Other Accessories & Spares: 11363424

(E) Payment for purchase: 358912915, Foreign travelling: 991250

(F) Payment for purchase: 727437548, Foreign travelling: 696624

143



Additional information on profit and loss account explanatory [Text Block]

21. Additional Information required as per schedule III of Companies Act, 2013

Auditors Remuneration


Audit Fee(Including Service Tax) 3,45,000/- 2,93,500/-

Fee for other certificates NIL 21,200/-

Out of pocket Expenses 50,000/- 50,000/-

Total 3,95,000/- 3,64,700/-

22. Cost of Goods Sold


Purchase 1,624,998,050 1,495,720,505

Goods in Transit 12,710,599 -

TOTAL 1,637,708,649 1,495,720,505

23. Direct Expenses


Wages & Salary on Manufacturing 16,870,209 -

Excise Duty on Manufacturing 11,781,085 -

TOTAL 28,651,294 -

24. Change in Inventories of Finished Goods


Opening Stock 282,363,250 206,332,533

144


Closing Stock 350,678,981 282,363,250

TOTAL (68,315,731) (76,030,717)

25. Employee Benefit Expense

ParticularsFor the year ended 31 March2017


Salary Including Rs. 61,00,000/- to directors ( Previous Year Rs.60,00,000/-)

59,894,349 54,623,140

Bonus 1,184,225 9,168

Staff Welfare Exp. 2,260,169 1,306,303

Gratuity 468,516 (88,758)

Leave Encashment (51,273) (276,296)

ESIC Employer Contribution 354,812 175,641

P F Expenses 2,717,859 2,670,599

Others 426,853 474,857

TOTAL 67,255,510 58,894,654

27. Depreciation and amortization


Depreciation on Tangible Assets 8,678,417 1,348,244

Amortisation of Intangible Assets 821,005 932,296

TOTAL 9,499,422 2,280,540

28. Other expenses


Administrative & Other Expenses

145


Freight Expenses 17,494,207 16,845,362

Insurance 1,274,513 1,105,577

Security Service Exp. 1,295,498 1,416,781

Audit Expenses 353,000 364,700

Legal & Professionals 5,895,210 9,937,188

Printing and Stationery 708,008 341,406

Electricity & Water Expenses 1,944,832 1,446,838

Rent 9,121,609 11,600,926

Repair & Maintenance 1,500,721 2,621,172

Postage, Telegram, Courier & Telephone & Admin Exp 1,623,958 2,375,049

Travelling & Conveyance 9,610,096 8,788,889

Books & Periodicals Exp 71,784 60,549

Miscellaneous Exp. 1,190,947 864,141

Rates & Taxes 2,841,522 2,091,248

Membership & Subscription 14,788 255,276

Exchange Difference (7,174,879) 6,928,949

Marketing Expenses

Advertisement & Sale Promotion 5,463,171 9,412,446

Claims Paid 21,414,540 -

Discount and Rebates 25,359,606 23,121,415

Scheme Expenses 88,983,163 43,319,013

Warranty Charges 22,752,605 19,699,623

146


Service Charges 9,521,372 6,427,645

TOTAL 221,260,271 169,024,193

Details of Payment to Auditors

Statutory Audit Fee 287,500 229,000

Tax Audit Fee 57,500 57,250

Out of Pocket Reimbursement 50,000 57,250

Certification Charges - 21,200

TOTAL 395,000 364,700

29. Tax Expenses


Current Tax 5,495,354 3,212,481

Deferred Tax 4,367,448 2,586,354

TOTAL 9,862,802 5,798,835

2. Inventories are taken valued and certified by the management based on physical verification and technical evaluation done at the year end.

5. Provision of Warrantees ( AS-29)

A provision is recognized for expected warranty claims on mobile handsets sold during last one year by the Company, based on past experienceof level of customer service expenses. It is expected that significant portion of these costs will be incurred in the next financial year. Assumptionsused to calculate the provision for warranties are based on past trend of sales of mobile handsets and customer service expenses incurred.

6. Additional Information required as per Schedule III of Companies Act 2013.

A. Value of Imports (CIF Values)

Particulars As On 31.03.2017 As On 31.03.2016

Amount (Rs.) Amount (Rs.)

Mobile Phones 41,05,89,248/- 78,68,30,336/-

147


Memory Cards 1,77,70,494/- 34,71,864/-

Other Accessories & Spares 5,10,826/- 1,13,63,424/-

B. Expenditure In Foreign Currency (Cash Basis)


Amount (Rs.) Amount (Rs.)

Payment For Purchase 35,89,12,915/- 72,74,37,548/-

Foreign Travelling 9,91,250/- 6,96,624/-

C. Income In Foreign Currency


Export Sales (other than Nepal) NIL NIL

D.PARTICULARS OF OPENING STOCK, PURCHASE AND SALES OF GOODS

(Amount in Rupees.)

PARTICULARS OPENING BALANCERS.

PURCHASE DURING THE YEARRS.

SALE DURING THE YEARRS

CLOSING BALANCE RS

FINISHED GOODS

2016-2017 255,134,788 395,625,496 1,925,235,181 194,538,152

2015-2016 166,156,343 1,484,328,961 1,665,766,831 255,134,788

RAW MATERIAL

2016-2017 27,228,462 1,229,372,554 5,289,277 83,329,186

2015-2016 40,176,190 11,391,544 9,953,041 27,228,462

WORK-IN-PROGRESS

148


2016-2017 - - - 60,101,044

2015-2016 - - - -

GOODS IN TRANSIT 12,710,599

C.Y Total 255,134,788 1,624,998,050 1,930,524,457 350,678,982

P.Y Total 206,332,533 1,495,720,505 1,675,719,872 282,363,250

Note: - Quantity of Material Rejection & Replaced under Warranty is included in sales.

8. Disclosure under accounting Standard-15(revised) on ‘Employee Benefits’

a) Defined Contribution Plan

Particulars 2016-17 2015-16

Contribution to provident fund 27,17,859.00 26,70,599.00

Statement of profit and loss

Net employee benefits expenses (recognized in the employee cost) for gratuity.

The principal assumptions used in determining gratuity obligations for the Group’s plans are shown below

Key assumptions- Table-1 2016-17 2015-16

Discount rate 7.50% 7.80%

Expected rate of return on assets 0.00% 8.35%

Rate of Escalation in salary 10.00% 10.00%

Employee turnover 20.00% 20.00%

CHANGES IN PRESENT VALUE OF OBLIGATION:TABLE-2 2016-17 2015-16

Opening defined benefit obligation 2377907.00 2517339.00

Adjustments*

149


Current service cost 455399.00 447691.00

Interest cost 143151.00 190234.00

Past Service Cost

Actuarial(Gain)/Losses on obligation (136836.00) (620480.00)

Benefits paid

Present Value of Obligation at the end of the IVP 1901160.00 2377907.00

Changes in the fair value of plan assets: Table-32016-17 2015-16

Opening fair value of plan assets 1378090.00 1271887.00

Expected return - 106203.00

Contributions by employer - -

Benefits paid - -

Fair Value of plan assets at the end of IVP - 1378090.00

Fair value of plan assets: Table-4 2016-17 2015-16

Opening fair value of plan assets 1378090.00 1271887.00

Expected return - 106203.00

Contributions by employer - -

Benefits paid - -

Fair Value of plan assets at the end of IVP - 1378090.00


150


Funded Status (1901160.00) (999817.00)

Actuarial Gain or Loss recognized: Table-5 2016-17 2015-16

Present value of defined benefit obligation 1901160.00 2377907.00

Fair value of plan assets - 1378090.00

Funded Status (1901160.00) (999817.00)

Net Asset /(Liability) Recognised in the Balance Sheet (1901160.00) 999817.00


Interest cost on benefit obligation 143151.00 190234.00

Expected return on plan assets - (106203.00)

Net actuarial( gain) / loss recognized in the IVP (136836.00) (620480.00)

Past Service Cost -

Expenses Recognized in the statement of Profit and Loss* (461714.00) (88758.00)

C) Leave Encashment:

The following table summarises the components of net benefit expense recognised in the statement of profit and loss and the funded status andamounts recognised in the balance sheet for the Leave encashment as per Actuarial valuation.

Key assumptions- Table-1 2016-17 2015-16

Mortality Table IAL 2006-08 ultimate IAL 2006-08 ultimate

Attrition Rate 20.00% 20.00%

Imputed Rate of Interest 7.50% 7.80%

Salary rise 10.00% 10.00%

151


Return on plan assets N.A. N.A.

Remaining working life 26.05 years 24.71 years

Changes in present value obligations Table-2 2016-17 2015-16

Present value of obligation at the beginning of IVP 1357403.00 1588420.00

Interest cost 100467.00 90293.00


Benefits paid (35692.00) (861646.00)

Actuarial(Gain)/Losses on obligation (817104.00) 65920.00


Changes in present value of plan assets- Table -32016-17 2015-16

Opening fair value of plan assets

Expected return

Contributions by employer

Benefits paid (35692.00) (861646.00)

Actuarial gain / ( loss) on plan assets

Fair Value of plan assets at the end of IVP

Fair value of plan assets- Table -4 2016-17 2015-16

Opening fair value of plan assets

152


Actual return on plan assets

Contribution

Benefits paid (35692.00) (861646.00)

Fair Value of plan assets at the end of IVP

Present value of obligation at the end of IVP 1264689.00 1357403.00

Funded status (1264689.00) (1357403.00)

Actuarial gain /loss recognized- Table -5 2016-17 2015-16

Actuarial gain /loss on obligation 817104.00 (65920.00)

Actuarial gain /loss on Plan Assets

Total (gain)/loss for the IVP (817104.00) 65920.00

Actuarial ( gain ) /loss recognized in IVP (817104.00) 65920.00

Unrecognised Actuarial ( gain)/loss at the end of IVP

9 . Disclosure of Specified Bank Notes

During the year, the company has specified Bank Notes (SBNs) or other denomination notes as defined in the MCA Notification GSR 308(E) dt.March 31, 2017. The details of SBNs held and transacted during the period from November 9, 2016 to December 30,2016, the denomination wiseSBNs and other notes as per notification are as follows:- “AS PER WORKING ATTACHED”

For the purpose of this clause, the term ‘Specified Bank Notes’ shall have the same meaning provided in the notification of the Government ofIndia, in the Ministry of Finance, Department of Economic Affairs, number S.O.3407(E), dated November, 8,2016.

10. Figures have been rounded off to the nearest rupees.

11. Figures of the previous year have been regrouped, reclassified wherever necessary to make it comparable with this Current year figures.

27. Particulars of Opening Stock, Purchase & sales of Goods

(Amount in Rupees.)

153


PARTICULARS OPENING BALANCE RS. DURING THE YEAR SALES DURING THE YEAR CLOSING BALANCE

FINISHED GOODS

2016-2017 255,134,788 395,625,496 1,925,235,181 194,538,152

2015-2016 166,156,343 1,484,328,961 1,665,766,831 255,134,788

RAW MATERIAL

2016-2017 27,228,462 1,229,372,554 5,289,277 83,329,186

2015-2016 40,176,190 11,391,544 9,953,041 27,228,462

WORK-IN-PROGRESS

2016-2017 - - - 60,101,044

2015-2016 - - - -

GOODS IN TRANSIT - - - 12,710,599

C.Y Total 282,363,250 1,624,998,050 1,930,524,457 350,678,981

P.Y Total 206,332,533 1,495,720,505 1,675,719,872 282,363,250

154


[300100] Notes - Revenue


to 31/03/2017

Disclosure of revenue explanatory [TextBlock] Textual informat ion (57) [See below]

155



Disclosure of revenue explanatory [Text Block]

Product Wise Sales as on 31.03.2017

Sr No.State Sales Amount

1. Mobile Handset 489,797,799.852

2. Spare Parts 1, 12,682,923.813

3. LED Lights 428,043,733.34

Grand Total 1,930,524,457.00

[202200] Notes - Effects of changes in foreign exchange rates

Unless otherwise specified, all monetary values are in INR31/03/2017 31/03/2016

Disclosure of notes on effect of changes in foreign exchange rates explanatory [TextBlock] Amount remaining to be amortized in foreign currency monetary item translation difference liability account as of reporting date

0 0

156


[300700] Notes - Key managerial personnels and directors remuneration and other information

Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)

Unless otherwise specified, all monetary values are in INRKey managerial personnels and directors [Axis] 1 2 3 4

01/04/2016 to

31/03/2017

01/04/2016 to

31/03/2017

01/04/2016 to

31/03/2017

01/04/2016 to

31/03/2017 Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Abstract] Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [LineItems]

Name of key managerial personnel or director KAPIL CHUGHS A N D E E PMUSHRAN

(A) YOGESHKUMAR CHUGH

(B) PRIYANKACHUGH

Director identification number of key managerial personnel or director

00341079 01652240 07056193 00341037

Date of birth of key managerial personnel or director

18/10/1980 11/11/1964 02/07/1985 27/10/1978

Designation of key managerial personnel or director Managing Director Director Director Additional Director

Qualification of key managerial personnel or director

Graduate MBA Post Graduate Graduate

Shares held by key managerial personnel or director [shares] 5,19,934 [shares] 2,32,773 [shares] 82,748 [shares] 1,14,262

Key managerial personnel or director remuneration [Abstract] Gross salary to key managerial personnel or director [Abstract] Salary key managerial personnel or director 24,00,000 24,00,000 12,00,000 1,00,000

Gross salary to key managerial personnel or director

24,00,000 24,00,000 12,00,000 1,00,000

Total key managerial personnel or director remuneration

24,00,000 24,00,000 12,00,000 1,00,000

Footnotes (A) Appointed as an Additional Director w.e.f 10/05/2016. Regularised as a Director in Annual General Meeting held on 25/07/2016

(B) Resign from the post of Director w.e.f 10/05/2016

[301000] Notes - Corporate social responsibility


to 31/03/2017

Disclosure of corporate social responsibility explanatory [TextBlock] Whether provisions of corporate social responsibility are applicable on company

No

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