Note No. 6 Property,Plant & Equipment as at 31st March 2018
in Lakhs
| |
Assets
|
|
Gross Block
|
Accumulated Depreciation/ Amortisation
|
Net Block
|
| |
|
Useful Life (In Years)
|
Balance as at 1st April 2017
|
Additions during the year
|
Addition on account of business acquisition
|
Deletion during the year
|
Balance as at 31st March 2018
|
Balance as at 1st April 2017
|
Provided during the year
|
Deletion / adjustments during the year
|
Balance as at 31st March 2018
|
Balance as at 31st March 2018
|
Balance as at 31st March 2017
|
|
A
|
Tangible assets
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Own Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Computer
|
3
|
0
|
2.02
|
0.00
|
0.00
|
2.02
|
0.00
|
1.00
|
o.oo|
|
1.00
|
1.02
|
0
|
| |
Printer
|
5
|
0
|
0.14
|
0.00
|
0.00
|
0.14
|
0.00
|
0.02
|
o.ooj
|
0.02
|
0.12
|
0
|
| |
Total (A)
|
|
0
|
2.16
|
0
|
0
|
2.16
|
0
|
1.02
|
0
|
1.02
|
1.14
|
0
|
General Notes :
11 No depreciation if remaining useful life is negative or zero.
12 If asset is used less than 365 days during current financial year then depreciation is equals to w.d.v as on 31-03-2017 less residual value.
13) Depreciation is calculated on pro-rata basis in case asset is purchased/sold during current F.Y.
14) If above assets is used for any time during the year for double shift, the depreciation will increase by 50% for that period and in case of the triple shift the depreciation | [shall be calculated on the basis of 100% for that period.
Note No. 6 Property,Plant & Equipment as at 31st March 2017
| |
Assets
|
|
Gross Block
|
Accumulated Depreciation/ Amortisation
|
Net Block
|
| |
|
|
Balance as
|
|
|
|
Balance as
|
Balance as
|
|
|
Balance as
|
Balance as
|
Balance as
|
| |
|
Useful Life (In Years)
|
at 1st April 2016
|
Additions during the year
|
Addition on account of business acquisition
|
Deletion during the year
|
at 31st March 2017
|
at 1st April 2016
|
Provided during the year
|
Deletion / adjustments during the year
|
at 31st March 2017
|
at 31st March 2017
|
at 31st March 2016
|
|
A
|
Tangible
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
assets
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Own Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Total (A)
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0.00
|
0
|
Note No. 6 Property,Plant & Equipment as at 31st March 2016
in Lakhs
| |
Assets
|
|
Gross Block
|
Accumulated Depreciation/ Amortisation
|
Net Block
|
| |
|
|
Balance as
|
|
|
|
Balance as
|
Balance as
|
|
|
Balance as
|
Balance as
|
Balance as
|
| |
|
Useful Life (In Years)
|
at
1st April 2015
|
Additions during the year
|
Addition on account of business acquisition
|
Deletion during the year
|
at
31st March 2016
|
at
1st April 2015
|
Provided during the year
|
Deletion / adjustments during the year
|
at
31st March 2016
|
at
31st March 2016
|
at
31st March 2015
|
|
A
|
Tangible
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
assets
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Own Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Total (A)
|
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0.00
|
0
|
Note No. 7 Investment Properties
|
Particulars
|
31st March 201 8
|
31st March 201 7
|
01st April 2016
|
|
Narela Property
|
8.86
|
8.86
|
8.86
|
|
Plot No. 73, Sector-145,Noida
|
175.51
|
0.00
|
0.00
|
|
Flat No. 307, Vasant Kunj
|
140.00
|
98.00
|
0.00
|
|
Flat No. 403, Vasant Kunj
|
120.00
|
80.00
|
0.00
|
|
Flat at Gayatri Life,Noida
|
199.99
|
199.99
|
0.00
|
|
Total
|
644.36
|
386.85
|
8.86
|
Note No. 8 Financial Assets (Investment)
|
Particulars
|
31st March 201 8
|
31st March 201 7
|
01st April 2016
|
|
Investments in equity Instruments (Quoted)
|
|
|
|
|
In Others
|
|
|
|
|
Investment in public sector equity instruments quoted
|
|
|
|
|
trade (At Market Value)
|
50.66
|
25.86
|
0.00
|
|
Non-Trade lnvestment(Valued at cost unless stated
|
|
|
|
|
otherwise)
|
|
|
|
|
Investments in equity Instruments (Unquoted)
|
|
|
|
|
In Others
|
|
|
|
|
Investment in other Indian companies equity instruments
|
|
|
|
|
unquoted non trade (At cost)
|
75.00
|
75.00
|
5.00
|
|
Investment in subsidiaries unquoted non-trade (At cost)
|
31.00
|
31.00
|
54.00
|
|
Investment in Associates (At cost)
|
477.47
|
101.00
|
2594.50
|
|
Investments in Mutual Funds (Quoted)
|
|
|
|
|
In Others
|
|
|
|
|
Mutual funds long-term quoted non-trade (Lower of cost and Market value)
|
3987.47
|
0.56
|
26.62
|
|
Total
|
4,621.60
|
233.42
|
2,680.12
|
Note No. 9 Financial Assets (Trade Receivable)
|
Particulars
|
31st March 201 8
|
31st March 201 7
|
01st April 2016
|
|
Exceeding six months
|
|
|
|
|
Unsecured, Considered Good
|
0.50
|
0.00
|
0.00
|
|
Total
|
0.50
|
0.00
|
0.00
|
|
Less than six months
|
|
|
|
|
Unsecured, Considered Good
|
24.14
|
473.41
|
4.21
|
|
Total
|
24.14
|
473.41
|
4.21
|
|
Total
|
24.63
|
473.41
|
4.21
|
Note No. 10 Deferred Tax
|
Particulars
|
31st March 201 8
|
31st March 201 7
|
01st April 2016
|
|
Deferred tax assets
|
|
|
|
|
Deferred tax assets
|
0.07
|
0.00
|
0.00
|
|
Deferred tax Liabilities
|
|
|
0.08
|
|
Gross deferred tax asset
|
0.07
|
0.00
|
|
|
Net deferred tax assets
|
0.07
|
0.00
|
0.00
|
|
Net deferred tax liability
|
0.00
|
0.00
|
0.08
|
Note No. 11 Other Non current Assets
|
Particulars
|
31st March 201 8
|
31st March 201 7
|
01st April 2016
|
|
Other Non Current Assets non-trade (At cost)
|
20.00
|
0.00
|
0.00
|
|
Total
|
20.00
|
0.00
|
0.00
|
Note No. 12 Inventories
|
Particulars
|
31st March 201 8
|
31st March 201 7
|
01st April 2016
|
|
(Valued at cost )
Traded goods(Basis of valuation :At cost)
|
1070.93
|
44.62
|
0.00
|
|
Total
|
1070.93
|
44.62
|
0.00
|
Note No. 13 Cash and Cash Equivalents
|
Particulars
|
31st March 201 8
|
31st March 201 7
|
01st April 2016
|
|
Balance with banks
|
|
|
|
|
Fixed deposits with banks
|
0.00
|
0.00
|
2948.66
|
|
Other balances with banks
|
55.96
|
0.39
|
588.61
|
|
Total
|
55.96
|
0.39
|
3,537.27
|
|
Cheques,drafts on hand
|
|
|
|
|
Bank Reconciliation
|
-6.29
|
100.50
|
26.40
|
|
Total
|
-6.29
|
100.50
|
26.40
|
|
Cash in hand
|
|
|
|
|
Cash in hand
|
20.17
|
0.07
|
18.27
|
|
Total
|
20.17
|
0.07
|
18.27
|
|
Total
|
69.84
|
100.96
|
3,581.95
|
Note No. 14 Loans
|
Particulars
|
31st March 201 8
|
31st March 201 7
|
01st April 2016
|
|
Other loans and advances
Unsecured loans and advances value to be received
|
5614.02
|
9805.21
|
4117.82
|
|
Total
|
5614.02
|
9805.21
|
4117.82
|
Note No. 15 Current Tax Assets (Net)
|
Particulars
|
31st March 201 8
|
31st March 201 7
|
01st April 2016
|
|
Tax Deducted at Source Unsecured Deposits with statutory authorities .
|
53.70 118.37
|
29.81 54.81
|
48.08 18.41
|
|
Total
|
172.07
|
84.62
|
66.49
|
Note No. 16 Other Current Assets
|
Particulars
|
31st March 201 8
|
31st March 201 7
|
01st April 2016
|
|
Other Assets
|
|
|
|
|
Other Assets
|
786.69
|
779.69
|
1382.25
|
|
Ankur K Gupta and CO.
|
0.01
|
0.00
|
0.19
|
|
Akshat commodity Limited- Margin
|
0.00
|
0.00
|
2.00
|
|
Globe capital Market Ltd.- Security Deposit
|
0.05
|
0.05
|
0.05
|
|
DD in Hand
|
0.00
|
5.00
|
0.00
|
|
Advance for Future and Option
|
0.15
|
3.19
|
0.00
|
|
Prepaid Expenses
|
0.07
|
0.00
|
0.00
|
|
Loan to Staff
|
4.45
|
0.00
|
0.00
|
|
Total
|
791.41
|
787.93
|
1384.49
|
Note No. 17 Equity Share Capital
|
Particulars
|
31st March 2018
|
31st March 201 7
|
01st April 2016
|
|
Authorised :
|
|
|
|
|
20000000 (31/03/2017:20000000) Equity shares of Rs. 10.00/- par value
|
2000.00
|
2000.00
|
2000.00
|
|
Issued :
|
|
|
|
|
19974900 (31/03/2017:19974900) Equity shares of Rs. 10.00/- par value
|
1997.49
|
1997.49
|
1997.49
|
|
Subscribed and paid-up :
|
|
|
|
|
19974900 (31/03/2017:19974900) Equity shares of Rs. 10.00/- par value
|
1997.49
|
1997.49
|
1997.49
|
|
Total
|
1997.49
|
1997.49
|
1997.49
|
Reconciliation of the Shares outstanding at the beginning and at the end of the reporting period Equity shares
| |
As at 31st March 2018
|
As at 31st March 2017
|
As at 31st March 2016
|
| |
No. of Shares
|
Amount
|
No. of Shares
|
Amount
|
No. of
|
Amount
|
| |
|
|
|
|
Shares
|
|
|
At the beginning of the period
|
19974900
|
1997.49
|
19974900
|
1997.49
|
19974900
|
1997.49
|
|
Issued during the Period
|
0
|
0
|
0
|
0.00
|
0
|
0
|
|
Redeemed or bought back during
|
0
|
0
|
0
|
0.00
|
0
|
0
|
|
the period
|
|
|
|
|
|
|
|
Outstanding at end of the period
|
19974900
|
1997.49
|
19974900
|
1997.49
|
19974900
|
1997.49
|
Right, Preferences and Restriction attached to shares Equity shares
The company has only one class of Equity having a par value Rs. 10.00 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the
Details of shareholders holding more than 5% shares in the company
Type of ShareName of Shareholders
|
Type of Share
|
Name of Shareholders
|
As at 31st March 2018
|
As at 31st March 2017
|
As at 1st April 2016
|
|
No. of Shares
|
% of Holding
|
No. of Shares
|
%of Holding
|
No. of Shares
|
% of Holding
|
|
Equity [NV: 10.00]
|
Avail Financial Services Pvt. Ltd.
|
|
|
|
|
2688000
|
13.46
|
|
Equity [NV: 10.00]
|
HILLRIDGE INVESTMENTS LIMITED
|
1018000
|
5.1
|
1018000
|
5.1
|
1018000
|
5.1
|
|
Equity [NV: 10.00]
|
KD STOCK BROKING PRIVATE LIMITED
|
3398300
|
17.01
|
3398300
|
17.01
|
|
|
|
Equity [NV: 10.00]
|
Lovely Securities Pvt. Ltd.
|
1394500.00
|
6.98
|
1394500.00
|
6.98
|
1394500
|
6.98
|
|
Equity [NV: 10.00]
|
Sri Endrash Investment and Finance Pvt. Ltd.
|
|
|
|
|
2206000
|
11.04
|
|
Equity [NV: 10.00]
|
TIMES CAPITAL SERVICES PRIVATE LIMITED
|
2404500.00
|
12.04
|
2206000
|
11.04
|
|
|
|
Equity [NV: 10.00]
|
Traditional Growth Fund Limited
|
|
|
|
|
2171000
|
10.87
|
|
Equity [NV: 10.00]
|
VARIMA EXPORTS PVT LTD
|
2380000.00
|
11.91
|
2171000
|
10.87
|
|
|
|
Equity [NV: 10.00]
|
Virgin Capital Services Pvt. Ltd.
|
|
|
|
|
1690500
|
8.46
|
| |
Total :
|
10595300
|
53.04
|
10187800
|
51
|
11168000
|
55.91
|
Note No. 18 Borrowings
|
Particulars
|
31st March 2018
|
31st March 2017
|
01st April 2016
|
|
(B) Others Loans directors Unsecured
|
0.00
|
0.00
|
4.57
|
|
Total
|
0.00
|
0.00
|
4.57
|
Note No. 19 Trade Payables
|
Particulars
|
31st March 2018
|
31st March 2017
|
01st April 2016
|
|
(B) Others Sundry Creditors
|
16.83 16.83
|
0.25 0.25
|
0.46 0.46
|
|
Total
|
16.83
|
0.25
|
0.46
|
Note No. 20 Other Current Liabilities
|
Particulars
|
31st March 2018
|
31st March 2017
|
01st April
|
| |
|
|
2016
|
|
Others payables
|
|
|
|
|
Other current liabilities, others
|
660.06
|
13.64
|
5.16
|
|
Total
|
660.06
|
13.64
|
5.16
|
Note No. 21 Current Tax Liabilities (Net)
|
Particulars
|
31st March 2018
|
31st March 2017
|
01st April 2016
|
|
Current tax provision
|
106.41
|
24.25
|
11.68
|
|
Tax on OCI
|
24.88
|
0.12
|
0.00
|
|
Net current tax liability
|
131.29
|
24.37
|
11.68
|
Note No. 22 Revenue from operations
|
Particulars
|
31st March 2018
|
31st March 2017
|
|
Sale of products
|
|
|
|
SALE OF COMMODITY
|
303.81
|
0.00
|
| |
303.81
|
0
|
|
Other operating revenues
|
|
|
|
INTEREST ON FDR
|
0.00
|
62.72
|
|
INTEREST ON LOAN GIVEN
|
587.95
|
334.73
|
|
CAPITAL GAIN ON MUTUAL FUND
|
2.73
|
165.95
|
|
Profit on commodity trading
|
29.38
|
0.00
|
|
Profit on Fand O Trading
|
6.05
|
0.00
|
| |
626.11
|
563.41
|
|
Net revenue from operations
|
929.91
|
563.41
|
Note No. 23 Other income
|
Particulars
|
31st March 2018
|
31st March 2017
|
|
Dividend Income
|
0.48
|
0.13
|
|
Net gain/loss on sale of investments
|
0
|
0.58
|
|
Other non-operating income
|
|
|
|
Round off
|
0
|
0.00
|
|
Discount Received
|
0.01
|
0.00
|
| |
0.01
|
0.00
|
|
Total
|
0.49
|
0.71
|
Note No. 24 Purchase of stock-in-trade
|
Particulars
|
31st March 2018
|
31st March 2017
|
|
Purchase of Commodity
|
1364.25
|
44.62
|
|
Total
|
1364.25
|
44.62
|
Note No. 25 Changes in inventories
|
Particulars
|
31st March 2018
|
31st March 2017
|
|
Inventory at the end of the year
|
|
|
|
Traded Goods
|
1070.93
|
44.62
|
| |
1070.93
|
44.62
|
|
Inventory at the beginning of the year
|
|
|
|
Traded Goods
|
44.62
|
0.00
|
| |
44.62
|
0.00
|
|
(lncrease)/decrease in inventories
|
|
|
|
Traded Goods
|
-1026.31
|
-44.62
|
| |
-1026.31
|
-44.62
|
Note No. 26 Employee benefit expenses
|
Particulars
|
31st March 2018
|
31st March 2017
|
|
Salaries and Wages
|
|
|
|
Salary and wages
|
33.05
|
35.54
|
|
Director Remuneration
|
39.00
|
24.00
|
|
Bonus
|
0.87
|
1.46
|
| |
72.91
|
61.00
|
|
Staff welfare Expenses
|
2.18
|
1.38
|
|
Total
|
75.09
|
62.37
|
Note No. 27 Finance costs
|
Particulars
|
31st March 2018
|
31st March 2017
|
|
Interest
|
|
|
|
Interest onTDS
|
0.02
|
0.00
|
|
Interest on short-term loans from banks
|
0.00
|
0.41
|
| |
0.02
|
0.41
|
|
Total
|
0.02
|
0.41
|
Note No. 28 Depreciation and amortization expenses
|
Particulars
|
31st March 2018
|
31st March 2017
|
|
Depreciation on tangible assets
|
1.02
|
0.00
|
|
Total
|
1.02
|
0.00
|
Note No. 29 Other expenses
|
Particulars
|
31st March 2018
|
31st March 2017
|
|
Account Opening Charges
|
0.02
|
0.00
|
|
Advertising expenses
|
0.43
|
0.35
|
|
AMC charges
|
0.02
|
0.02
|
|
Audit fees
|
0.25
|
0.15
|
|
Bank charges
|
0.03
|
0.01
|
|
Books periodicals
|
0.00
|
0.10
|
|
CDSL custodial Fee
|
0.52
|
0.52
|
|
Share Trading charges
|
0.00
|
0.04
|
|
Commodity Trading Expenses
|
2.58
|
3.61
|
|
Conveyance expenses
|
1.54
|
1.55
|
|
Delivery Expenses
|
2.78
|
2.78
|
|
DEMAT Charges
|
0.01
|
0.02
|
|
E-Voting Expenses
|
0.01
|
0.00
|
|
Electricity expenses
|
0.55
|
0.07
|
|
Festival celebration expenses
|
0.00
|
0.24
|
|
Listing Fee
|
2.88
|
2.29
|
|
Legal and professional expenses
|
13.64
|
2.36
|
|
NSDL Custodial Fee
|
0.53
|
0.52
|
|
NSDL Fee
|
0.00
|
0.02
|
|
Office Expenses
|
1.57
|
1.41
|
|
Office rent
|
0.60
|
0.60
|
|
Penalty- Income tax
|
1.50
|
1.50
|
|
Physical withdrawal charges
|
0.14
|
0.00
|
|
Prior Period Expenses
|
0.10
|
0.00
|
|
Printing and stationery
|
0.43
|
0.61
|
|
Postage expenses
|
0.09
|
0.13
|
|
Registrar charges
|
0.40
|
0.46
|
|
Website expenses
|
0.01
|
0.01
|
|
Warehouse Charges
|
11.27
|
0.00
|
|
Repair and Maintenance
|
0.62
|
|
|
ROC Compliance charges
|
0.42
|
0.53
|
|
Telephone expenses
|
0.49
|
0.35
|
|
Transaction Charges for commodity Purchase
|
1.48
|
0.00
|
|
Bad debts written off
|
0.00
|
1.19
|
|
Misc. Expenses
|
0.39
|
0.76
|
|
Loss on Forex Trading
|
84.93
|
83.11
|
|
Loss on Commodity Trading
|
0.00
|
318.25
|
|
Loss on Future and Option
|
0.00
|
037
|
|
Round Off
|
0.00
|
0..00
|
|
Trveiiing Expenses
|
1.73
|
0.00
|
|
Total
|
131.98
|
419.58
|
Note No. 30 Current tax
|
Particulars
|
31st March 2018
|
31st March 2017
|
|
Current tax pertaining to current year
|
106.41
|
24.25
|
|
Total
|
106.41
|
24.25
|
Notes to the financial statements for the year ended 31 March 2018
31 Fair values
Fair value measurement include both the significant financial instruments stated at amortised cost and at fair value in the statement of financial position. The carrying values of current financial instruments approximate their fair values due to the short-term maturity of these instruments.
The carrying value and fair value of financial instruments by categories as of March 31, 2018 are as follows :
|
Particulars
|
At amortised costs
|
At fair value through profit and loss
|
at fair value through OCI
|
Total carrying value
|
Total fair value
|
|
Assets
Investments
|
583.47
|
|
0.00
|
4038.13
|
4621.60
|
4621.60
|
|
Trade receivables
|
24.63
|
|
0.00
|
0.00
|
24.63
|
24.63
|
|
Cash and cash equivalents
|
69.84
|
|
0.00
|
0.00
|
69.84
|
69.84
|
|
Loans
|
5614.02
|
|
0.00
|
0.00
|
5614.02
|
5614.02
|
|
Other financial assets
|
0.00
|
|
0.00
|
0.00
|
0.00
|
0.00
|
| |
6291.96
|
|
0.00
|
4038.13
|
10330.09
|
10330.09
|
|
Liabilities Short term borrowings
|
|
|
|
|
Trade payables Other financial liabilities
|
16.83
|
16.83
|
16.83
|
| |
16.83
|
16.83
|
16.83
|
The carrying value and fair value of financial instruments by categories as of March 31, 2017 are as follows :
|
Particulars
|
At amortised costs
|
At fair value through profit and loss
|
at fair value through OCI
|
Total carrying value
|
Total fair value
|
|
Assets
Investments
|
207.00
|
0.00
|
26.42
|
233.42
|
233.42
|
|
Trade receivables
|
473.41
|
0.00
|
0.00
|
473.41
|
473.41
|
|
Cash and cash equivalents
|
100.96
|
0.00
|
0.00
|
100.96
|
100.96
|
|
Loans Other financial assets
|
9805.21
|
0.00
|
0.00
|
9,805.21
|
9,805.21
|
| |
10,586.57
|
-
|
26.42
|
10,612.99
|
10,612.99
|
|
Liabilities
Short term borrowings
|
|
|
|
|
|
|
Trade payables Other financial liabilities
|
0.25
|
-
|
-
|
0.25
|
0.25
|
| |
0.25
|
-
|
-
|
0.25
|
0.25
|
The carrying value and fair value of financial instruments by categories as of April 01, 2016 are as follows :
|
Particulars
|
At amortised costs
|
At fair value through profit and loss
|
at fair value through OCI
|
Total carrying value
|
Total fair value
|
|
Assets
|
|
|
|
|
|
Investments
|
2653.50
|
26.62
|
2,680.12
|
2,680.12
|
|
Trade receivables
|
0.00
|
|
-
|
|
|
Cash and cash equivalents
|
3581 .95
|
|
3,581.95
|
3,581.95
|
|
Loans
|
4117.82
|
|
4,117.82
|
4,117.82
|
|
Other financial assets
|
.
|
|
-
|
|
| |
10,353.27
|
26.62
|
10,379.89
|
10,379.89 |
|
Liabilities
|
|
|
|
|
|
Short term borrowings
|
4.57
|
|
4.57
|
4.57
|
|
Trade payables
|
0.46
|
|
0.46
|
0.46
|
|
Other financial liabilities
|
.
|
|
-
|
|
| |
5.03
|
|
5.03
|
5.03
|
32 Financial risk management objectives and policies
The risk management policies of the Company are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company's activities.
The Management has overall responsibility for the establishment and oversight of the Company's risk management framework.
In performing its operating, investing and financing activities, the Company is exposed to the Credit risk, Liquidity risk and Market risk.
33 Credit risk on financial assets
Credit risk is the risk of financial loss to the company if a customer or counter-party fails to meet its contractual obligations.
Trade receivables Other financial assets
The company's maximum exposure to credit risk as at 31 March 2018 & 31 March 2017 is the carrying value of each class of financial assets.
(a) Ageing analysis of the age of trade receivable amounts that are not due as at the end of reporting year:
|
Particulars
|
As at 31 March 2018
|
As at 31 March 2017
|
As at 1 April 2016
|
|
Within credit days
|
-
|
-
|
-
|
|
-
|
-
|
-
|
(b) Ageing analysis of the age of trade receivable amounts that are past due as at the end of reporting year but not impaired:
|
Particulars
|
As at 31 March 2018
|
As at 31 March 2017
|
As at 1 April 2016
|
|
Trade receivables:
|
24.14
|
473.41
|
4.21
|
|
Less than 180 days
|
|
Over 180 days upto 365 days
|
0.00
|
0.00
|
0.00
|
|
Over 365 days
|
0.50
|
0.00
|
0.00
|
|
120 to 180 days
|
-
|
-
|
-
|
|
Over 180 days Total
|
-
|
-
|
-
|
|
24.63
|
473.41
|
4.21
|
34 Market risk
Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: interest rate risk, currency risk and other price risk. However, the Company does not have currency and other price risk as at 31 March 2018 (31 March 2017: Nil)
35 Interest rate risk
The interest rate risk exposure is mainly from changes in fixed and floating interest rates. The interest rate are disclosed in the respective notes to the financial statement of the Company. The following table analyse the breakdown of the financial assets and liabilities by type of interest rate:
|
Particulars
|
As at 31 March 2018
|
As at 31 March 2017
|
As at 1 April 2016
|
|
Financial assets
|
|
|
|
|
Non interest bearing
|
|
|
|
|
Investments
|
4621.60
|
233.42
|
2653.50
|
|
Trade receivables
|
24.63
|
473.41
|
4.21
|
|
Loans
|
5.00
|
5.00
|
0.00
|
|
Cash and cash equivalent
|
69.84
|
100.96
|
633.29
|
|
Other financial assets
|
0.00
|
0.00
|
0.00
|
|
Financial Liabilities
|
|
|
|
|
Interest bearing
|
|
|
|
|
- fixed interest rate
|
0.00
|
0.00
|
0.00
|
|
Borrowings
|
0.00
|
0.00
|
4.57
|
|
Other financial liabilities (Current maturities of long-term borrowings)
|
0.00
|
0.00
|
0.00
|
|
- floating interest rate
|
|
|
|
|
Borrowings
|
0.00
|
0.00
|
0.00
|
|
- fixed interest rate
|
|
|
|
|
Borrowings
|
0.00
|
0.00
|
0.00
|
|
Non interest bearing
|
|
|
|
|
Trade payables
|
16.83
|
0.25
|
0.46
|
|
Other financial liabilities (other than current maturities of long-term borrowings)
|
0.00
|
0.00
|
0.00
|
36 Interest rate sensitivity
The following table demonstrates the sensitivity to a reasonably possible change in interest rates on that portion of loans and borrowings affected. With all other variables held constant, the Company's profit before tax is affected through the impact on floating rate borrowings, as follows:
|
Particulars
|
As at 31 March 2018
|
As at 31 March 2017
|
As at 1 April 2016
|
|
Increase in basis points Effect on profit before tax
|
-
|
-
|
-
|
|
Decrease in basis points Effect on profit before tax
|
-
|
-
|
-
|
37 Liquidity risk
Liquidity risk is the risk that the Company may not be able to meet its present and future cash and collateral obligations without incurring unacceptable losses. The Company's objective is to, at all times maintain optimum levels of liquidity to meet its cash and collateral requirements. The Company closely monitors its liquidity position and deploys a robust cash management system. It maintains adequate sources of financing including debt and overdraft from banks at an optimised cost.
The Company maximum exposure to credit risk for the components of the balance sheet at 31 March, 2018 & 31 March 2017 is the carrying amounts. The liquidity risk is managed on the basis of expected maturity dates of the financial liabilities. The average credit period taken to settle trade payables is about 30 to 90 days. The other payables are with short-term durations. The carrying amounts are assumed to be a reasonable approximation of fair value. The following table analysis financial liabilities by remaining contractual maturities:
|
Particulars
|
On demand
|
_ess than 3 months
|
3 to12 months
|
1 to 5 years
|
>5 years
|
Total
|
|
As at 31 March 2018 Borrowings Other financial liabilities
|
|
|
|
|
|
|
|
Trade payables Fianancial guarantee obligations
As at 31 March 2017 Borrowings Other financial liabilities
|
16.83
|
|
|
|
|
16.83
|
|
Trade payables Fianancial guarantee obligations
As at 1 April 2016
|
0.25
|
|
|
|
|
0.25
|
|
Borrowings Other financial liabilities
|
4.57
|
-
|
-
|
-
|
-
|
4.57
|
|
Trade payables Fianancial guarantee obligations
|
0.46
|
|
|
|
|
0.46
|
| |
22
|
-
|
-
|
-
|
-
|
22
|
At present, the Company does expects to repay all liabilities at their contractual maturity. In order to meet such cash commitments, the operating activity is expected to generate sufficient cash inflows.
36 Commodity Price Risk
The company requires for implementation (construction, operation and maintenance) of the projects, such as cement, bitumen, steel and other construction materials. For which, the company entered the fixed price contract with the EPC contractor and O&M Contractor so as to manage our exposure to price increases in raw materials. Hence, the sensitivity analysis is not required.
38 Capital management
For the purpose of the Company's capital management, capital includes issued equity capital, share premium and all other equity reserves attributable to the equity holders. The primary objective of the Company's capital management is to maximise the shareholder value.
The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. The Company's policy is to keep optimum gearing ratio. The Company includes within net debt, interest bearing loans and borrowings, trade and other payables, less cash and cash equivalents, excluding discontinued operations.
|
Amount Rs.
|
|
|
|
|
Particulars
|
As at 31 March 2018
|
As at 31 March 2017
|
As at 1 April 2016
|
|
Borrowings
|
0.00
|
0.00
|
4.57
|
|
Trade payables
|
16.83
|
0.25
|
0.46
|
|
Other financial liabilities
|
0.00
|
0.00
|
0.00
|
|
Less: cash and cash equivalents
|
-69.84
|
-100.96
|
-3581.95
|
|
Net debt [A]
|
(53.01)
|
(100.70)
|
(3,576.92)
|
|
Equity share capital
|
1997.49
|
1997.49
|
1997.49
|
|
Optionally convertible debentures
|
0.00
|
0.00
|
0.00
|
|
Other equity
|
10224.40
|
9881.26
|
9824.51
|
|
Total equity [B]
|
12221.89
|
11878.75
|
11822.00
|
|
Total equity and net debt [C= A B]
|
12168.89
|
11778.05
|
8245.08
|
|
Gearing ratio (%) [A/C]
|
-0.44
|
-0.86
|
-43.38
|
No changes were made in the objectives, policies or processes for managing capital during the years ended 31 March 2018 and 31 March 2017 39 Income tax
The major components of income tax expense for the years are:
|
Profit or loss section
|
|
Particulars
|
For the year ended 31 March 2018
|
For the year ended 31 March 2017
|
As at 1 April 2016
|
|
Current income tax:
|
|
|
|
|
Current income tax charge
|
106.41
|
24.25
|
11.68
|
|
Adjustments in respect of current income tax of previous year
|
0.00
|
0.00
|
0.00
|
|
Deferred tax:
|
|
|
|
|
Relating to origination and reversal of temporary differences
|
-0.07
|
0.00
|
0.00
|
| |
|
|
|
|
Income tax expense reported in the statement of profit or loss
|
106.34
|
24.25
|
11.68
|
The reconciliation between the provision of income tax of the Company and amounts computed by applying the Indian statutory income tax rate to profit
|
Amount Rs.
|
|
Particulars
|
For the year ended 31 March 2018
|
For the year ended31 March 2017
|
As at 1 April 2016
|
|
Profit before tax
|
384.34
|
81.76
|
44.55
|
|
Enacted income tax rate in India (%)
|
27.55
|
29.87
|
30.9
|
|
Computed expected tax credit Effect of: Income which is allowed to be set off against carry forward capital losses on which deferred tax was not
|
105.89
|
24.42
|
13.77
|
|
Expenses which are not deductible for tax purpose Income which are exempt from tax
|
2.89
|
;
|
1.40
|
|
Income tax credit recognised in the statement of profit and loss
|
106.41
|
24.25
|
11.68
|
40 Earnings per share
The following reflects the income and share data used in the basic and diluted EPS computations:
|
Amount Rs.
|
|
|
|
|
Particulars
|
For the year ended 31 March 2018
|
For the year ended31 March 2017
|
As at 1 April 2016
|
|
Profit attributable to equity holders of the company for basic and diluted earnings
|
27,800,407.43
|
5,758,541.00
|
3,287,154.00
|
|
Weighted average number of equity shares for basic and diluted EPS*
|
19,974,900
|
19,974,900
|
19,974,900
|
|
Face value per share
|
10
|
10
|
10
|
|
Basic and diluted earning per share
|
1.39
|
0.29
|
0.16
|
41 Events after the end of the reporting year
No subsequent event has been observed which may require an adjustment to the statement of financial position.
|