NOTES FORMING PART OF THE FINANCIAL STATEMENTS
NOTE 2
AUTHORISED, ISSUED, SUBSCRIBED AND PAID UP SHARE CAPITAL
|
PARTICULARS
|
31.03.18
|
31.03.17
|
|
Rs.
|
Rs.
|
| |
|
|
|
|
1)
|
Authorised Share Capital
|
|
|
| |
45,00,000 Equity Shares of Rs.10/- each
|
45,000,000
|
45,000,000
|
| |
|
|
|
|
2)
|
Issued.Subscribed and Paid-uo Share Capital
|
|
|
| |
41,49,200 Equity Shares of Rs.10/- each fully paid -up
|
41,492,000
|
32,000,000
|
| |
(PY : 32,00,000 Equity Shares of Rs.10/- each fully paid -up)
|
|
|
| |
|
|
|
| |
|
41,492,000
|
32,000,000
|
| |
|
|
|
NOTE 2A
RECONCILIATION OF NUMBER OF SHARES OUTSTANDING AT THE BEGINNING AND AT THE END OF THE YEAR
|
PARTICULARS
|
31.03.18
|
31.03.17
|
|
No.
|
Rs.
|
No.
|
Rs.
|
| |
|
|
|
|
|
|
(A)
|
Equity Shares
|
|
|
|
|
|
1)
|
Shares Outstanding at the beginning of the year
|
3,200,000
|
32,000,000
|
1,600,000
|
16,000,000
|
|
2)
|
Shares Issued during the year
|
949,200
|
9,492,000
|
-
|
-
|
|
3)
|
Bonus Shares Issued during the year
|
-
|
-
|
1,600,000
|
16,000,000
|
|
4)
|
Shares Bought Back during the year
|
-
|
-
|
-
|
-
|
|
5)
|
Shares Outstanding at the end of the year
|
4,149,200
|
41,492,000
|
3,200,000
|
32,000,000
|
| |
|
|
|
|
|
NOTE 2B
TERMS / RIGHTS ATTACHED WITH EQUITY SHARES
1) The Company has one Class of equity shares having a par value of Rs.10 each.
2) Each shareholder is eligible for one vote per share held.
3) In the event of Liquidation, the equity shareholders are eligible to receive the remaining assets of the company after distribuction of all preferential amounts, in proportion to their shareholding._____________________________________________________________
NOTE 2C
DETAILS OF SHAREHOLDERS HOLDING MORE THEN 5% SHARES IN THE COMPANY
|
PARTICULARS
|
31.03.18
|
31.03.17
|
|
No. of Shares
|
% of Holding
|
No. of Shares
|
% of Holding
|
| |
|
|
|
|
|
|
1)
|
Haresh K Merita
|
687,000
|
16.56%
|
747,000
|
23.34%
|
|
2)
|
Haresh K Mehta HUF
|
493,600
|
11.90%
|
503,600
|
15.74%
|
|
3)
|
Rita H Mehta
|
431,400
|
10.40%
|
491,400
|
15.36%
|
|
4)
|
Rishit H Mehta
|
393,860
|
9.49%
|
393,860
|
12.31%
|
|
5)
|
Harshit H Mehta
|
378,000
|
9.11%
|
398,000
|
12.44%
|
|
6)
|
Shweta H Mehta
|
363,000
|
8.75%
|
342,000
|
10.69%
|
|
7)
|
Shri Parasram Holdings Private Limited
|
265,200
|
6.39%
|
-
|
-
|
|
8)
|
Priyal Mehta
|
260,000
|
6.27%
|
260,000
|
8.13%
|
NOTE 2D
Aggregate number of bonus shares issued, shares issued for consideration other then cash during the period of five years immediately preceding the reporting date
|
PARTICULARS
|
(Aggregate No. of Shares) for the year ended
|
|
2017-18
|
2016-17
|
2015-16
|
2014-15
|
2013-14
|
| |
|
|
|
|
|
|
|
1)
|
Fully Paid up Equity Shares by way of Bonus
|
-
|
1,600,000
|
-
|
-
|
-
|
NOTE 3
RESERVES AND SURPLUS
|
PARTICULARS
|
31.03.18
|
31.03.17
|
|
Rs
|
Rs
|
| |
|
|
|
|
1)
|
Securities Premium
|
|
|
| |
Opening Balance
|
76,850,000
|
92,850,000
|
| |
Add: Additions during the year
|
85,428,000
|
-
|
| |
Less/Utilised for issue of Bonus shares
|
-
|
(16,000,000)
|
| |
Less:Utilised for Expenses incurred for IPO
|
(4,183,612)
|
-
|
| |
|
|
|
| |
|
158,094,388
|
76,850,000
|
| |
|
|
|
|
2)
|
Profit & Loss Account
|
|
|
| |
Opening Balance
|
54,868,027
|
38,586,613
|
| |
Add: Profit for the year
|
12,201,984
|
16,281,414
|
| |
Less: Appropriations
|
-
|
-
|
| |
|
67,070,011
|
54,868,027
|
| |
|
|
|
| |
TOTAL
|
225,164,399
|
131,718,027
|
| |
|
|
|
NOTE 4
LONG TERM BORROWINGS
|
PARTICULARS
|
31.03.18
|
31.03.17
|
|
Rs
|
Rs
|
|
1)
|
Secured Borrowings
|
|
|
|
a)
|
Loan From Deutsche Bank
|
19,428,263
|
26,229,930
|
| |
(Secured against equitable mortgage of residential premise of directors)
|
|
|
| |
|
|
|
|
2)
|
Unsecured Borrowings
|
|
|
|
a)
|
Inter-Corporate Deposits
|
-
|
37,450,718
|
|
b)
|
Loan from Financial Institutions
|
-
|
42,247,138
|
|
c)
|
Sales Tax Deferment
|
2,470,776
|
2,470,776
|
| |
TOTAL
|
21,899,039
|
108,398,562
|
| |
|
|
|
NOTES
OTHER LONG TERM LIABILITIES
|
PARTICULARS
|
31.03.18
|
31.03.17
|
|
Rs
|
Rs
|
| |
|
|
|
|
1)
|
Security Deposit received
|
1,500,000
|
-
|
| |
|
|
|
| |
TOTAL
|
1,500,000
|
-
|
| |
|
|
|
NOTE 6
DEFERRED TAX LIABILITY
|
PARTICULARS
|
31.03.18
|
31.03.17
|
|
Rs.
|
Rs.
|
| |
|
|
|
|
1)
|
Deferred Tax Liability
|
1,182,715
|
157,143
|
| |
|
|
|
| |
TOTAL
|
1,182,715
|
157,143
|
| |
|
|
|
|
(Due to timing difference in the block of fixed assets, Interest Capitalization and 43B payments between Books of Accounts and Income Tax Act.)
|
NOTE 7
LONG TERM PROVISIONS
|
PARTICULARS
|
31.03.18
|
31.03.17
|
|
Rs
|
Rs.
|
| |
|
|
|
|
1)
|
Provision for Gratuity
|
893,000
|
719,000
|
| |
|
|
|
| |
TOTAL
|
893,000
|
719,000
|
| |
|
|
|
NOTE 8
SHORT TERM BORROWINGS
|
PARTICULARS
|
31.03.18
|
31.03.17
|
|
Rs
|
-
|
| |
|
|
|
|
1)
|
SECURED
|
|
|
| |
|
|
|
| |
Loans Repayable on Demand (From Banks)
|
|
|
| |
a) Packing Credit
|
71,470,769
|
38,651,314
|
| |
(Packing Credit facility has been secured against document of FBP undertaking and FBP Agreement, Hypothecation of Stock, Plant & Machinery, Factory Land & Building, Export Trust receipt, Power of attorney for Book Debts, Residential Premises of the directors and Personal Gurantee of the Directors)
|
|
|
| |
b) Cash Credit
|
14,255,634
|
34,209,639
|
| |
(Cash Credit facility has been secured against document of FBP undertaking and FBP Agreement, Hypothecation of Stock, Plant & Machinery, Factory Land & Building, Export Trust receipt, Power of attorney for Book Debts, Residential Premises of the directors and Personal Gurantee of the Directors)
|
|
|
| |
85,726,403
|
72,860,953
|
|
2)
|
UNSECURED
|
|
|
| |
|
|
|
| |
Loans and Advances from
|
|
|
| |
a) Directors
|
11,152,925
|
6,166,104
|
| |
|
11,152,925
|
6,166,104
|
| |
|
|
|
| |
TOTAL
|
96,879,328
|
79,027,058
|
| |
|
|
|
NOTE 9
TRADE PAYABLES
|
PARTICULARS
|
31.03.18
|
31.03.17
|
|
Rs
|
-
|
| |
|
|
|
|
1)
|
Trade Payable for Goods
|
166,920,282
|
112,341,814
|
|
2)
|
Trade Payable for Expenses
|
9,916,352
|
6,476,799
|
| |
|
|
|
| |
TOTAL
|
176,836,634
|
118,818,613
|
| |
|
|
|
Micro, Small and Medium enterprises have been identified by the Company on the basis of the information available.
|
PARTICULARS
|
31.03.18
|
31.03.17
|
|
Rs
|
Rs
|
|
a)
|
Dues remaining unpaid as at 31st March Principal Interest on the above
|
-
|
-
|
|
b)
|
Interest paid in terms of Section 16 of the act along with amount of payment made to the supplier beyond the appointed day during the year.
Principal paid beyond the appointed date Interest paid in terms of Section 16 of the act
|
|
|
|
c)
|
Amount of interest due and payable for the period of delay on payments made beyond the appointed day during the year
|
-
|
-
|
|
d)
|
Further interest due and payable even in the succeeding years, until such date when the interest due as above are actually paid to the small enterprises.
|
_
|
_
|
|
e)
|
Amount of interest accrued and remaining unpaid as at 31st March
|
-
|
-
|
NOTE 10
OTHER CURRENT LIABILITIES
|
PARTICULARS
|
31.03.18
|
31.03.17
|
|
Rs
|
Rs
|
| |
|
|
|
|
1)
|
Current Maturities of Long Term Debt
|
6,694,889
|
5,992,505
|
|
2)
|
Statutory Dues Payable
|
640,671
|
539,958
|
|
3)
|
Expenses Payable
|
4,259,685
|
4,143,961
|
|
4)
|
Temporarily overdrawn bank balance
|
324,131
|
-
|
|
5)
|
Advance from Debtors
|
16,085,815
|
1,673,428
|
| |
|
|
|
| |
TOTAL
|
28,005,190
|
12,349,852
|
| |
|
|
|
NOTE 11
SHORT TERM PROVISIONS
|
PARTICULARS
|
31.03.18
|
31.03.17
|
|
Rs
|
Rs
|
| |
|
|
|
|
1)
|
Provision for tax (Net of taxes paid in advance)
|
-
|
894,200
|
| |
|
|
|
| |
TOTAL
|
-
|
894,200
|
| |
|
|
|
NOTE 13
CAPITAL WORK-IN-PROGRESS
|
PARTICULARS
|
31.03.18
|
31.03.17
|
|
Rs
|
Rs
|
| |
|
|
|
|
1)
|
Corporate office
|
43,693,131
|
27,646,701
|
| |
(Interest capitalised during the year is Rs.29,63,144/-, previous year is Rs.14,47,144/-)
|
|
|
| |
TOTAL
|
43,693,131
|
27,646,701
|
| |
|
|
|
NOTE 14
NON-CURRENT INVESTMENTS
|
PARTICULARS
|
31.03.18
|
31.03.17
|
|
Rs
|
Rs
|
| |
|
|
|
| |
Other Investments-Unquoted
|
|
|
|
1)
|
Investment in equity instruments
|
|
|
| |
a) Equity shares of Kapol co-op Bank
|
-
|
16,600
|
|
2)
|
Investment in Government Bonds
|
|
|
| |
a) Bonds under PMGKDS
|
1,500,000
|
1,500,000
|
| |
|
|
|
|
3)
|
FD with Bank
|
877,614
|
1,376,495
|
| |
|
|
|
| |
TOTAL
|
2,377,614
|
2,893,095
|
| |
|
|
|
NOTE 15
LONG TERM LOANS AND ADVANCES
|
PARTICULARS
|
31.03.18
|
31.03.17
|
|
Rs.
|
Rs
|
| |
|
|
|
|
1)
|
Earnest Money Deposit's
|
4,632,440
|
1,822,740
|
| |
|
4,632,440
|
1,822,740
|
|
2)
|
Security Deposits
|
|
|
| |
With Statutory Authorities
|
-
|
25,000
|
| |
Others
|
2,937,626
|
1,731,557
|
| |
|
2,937,626
|
1,756,557
|
| |
|
|
|
|
3)
|
Inter Corporate Deposits
|
17,000,000
|
-
|
| |
|
17,000,000
|
-
|
| |
|
|
|
| |
TOTAL
|
24,570,066
|
3,579,297
|
| |
|
|
|
NOTE 16 INVENTORIES
|
PARTICULARS
|
31.03.18
|
31.03.17
|
|
Rs.
|
Rs.
|
| |
|
|
|
|
1)
|
Raw Materials and components
|
55,119,212
|
34,443,634
|
|
2)
|
Work in Progress
|
43,385,490
|
21,561,961
|
|
3)
|
Stores,Packing Material,Dies & Punches
|
47,098,287
|
44,738,775
|
|
4)
|
Finished Goods
|
3,502,478
|
689,032
|
| |
TOTAL
|
149,105,467
|
101,433,402
|
| |
|
|
|
| |
(Inventory is valued at lower of cost or net realisable value)
|
|
|
NOTE 17
TRADE RECEIVABLES
|
PARTICULARS
|
31.03.18
|
31.03.17
|
|
Rs.
|
Rs.
|
| |
|
|
|
|
1)
|
Outstanding for a period exceeding six months
|
|
|
| |
Unsecured, considered good
|
15,494,262
|
69,249,761
|
| |
|
|
|
|
2)
|
Other Trade receivables
|
154,591,326
|
111,910,474
|
| |
|
|
|
| |
TOTAL
|
170,085,588
|
181,160,235
|
| |
|
|
|
|
The Company has to receive Rs. 25,86,380/- (PY Rs. 25,66,727 '/-) from a debtor against which the Company has filed a suit for recovery. The matter is pending in the Sessions Court and in the Company is confident that result of the litigation will be favourable. In light of the same, the amount has been considered good and no provision is made against the same.
|
NOTE 40
ISSUE OF SHARES TO PUBLIC
The company completed initial public offer of 10,99,200 equity shares of Rs. 10/- each at a price of Rs.100/-consisting of fresh issue of 9,49,200 equity shares and offer for sale of 1,50,000 equity shares. The equity shares of the company got listed on the SME Platform of BSE Limited on this 8th day of February 2018. Proceeds of the IPO have been fully utilised for the purpose of the issue i.e repayment of loans.
NOTE 41
PREVIOUS YEAR FIGURES
Previous year figures have been regrouped to comply with current year groupings.
|