Notes to Account
|
Kerala Ayurveda Limited
Note 5: Property, plant and equipment
|
Amount in "
|
|
At Cost
|
Land Building
|
Plant & Machinery
|
Electrical Fittings
|
Furniture & Fixtures
|
Office Computer & Equipments Accessories
|
Vehicles
|
Misc. Fixed Assets
|
Total
|
WebDev, Capital work Expenditure in progress
|
|
Gross Block as at 1st April 2016
|
11,15,44,126 4,65,88,298
|
3,82,53,977
|
49,11,231
|
2,89,96,759
|
98,86,347
|
88,05,141
|
24,24,181
|
24,94,436
|
25,39,04,497
|
5,30,33,881
|
|
Other acquisition
|
2,57,740 22,79,113
|
9,91,080
|
92,490
|
8,46,448
|
8,64,820
|
1,06,285
|
15,69,805
|
-
|
70,07,781
|
10,27,979 78,09,555
|
|
Disposal
|
-
|
15,525
|
5,850
|
18,000
|
-
|
-
|
-
|
-
|
39,375
|
-
|
|
Gross Block as at 31st March 2017
|
11,18,01,866 4,88,67,411
|
3,92,29,532
|
49,97,871
|
2,98,25,207
|
1,07,51,167
|
89,11,426
|
39,93,986
|
24,94,436
|
26,08,72,903
|
10.27,979 6,08,43,436
|
|
Other acquisition
|
- 7,86,542
|
2,57,394
|
1,82,174
|
7,06,365
|
22,33,416
|
8,09,677
|
35,330
|
-
|
50,10,897
|
- 2,56,15,807
|
|
Disposal
|
-
|
-
|
64,872
|
15,000
|
10,450
|
16,125
|
15,348
|
-
|
1,21,795
|
-
|
|
Gross Block as at 31st March 2018
|
11,18,01,866 4,96,83,953
|
3,94,86,926
|
51,15,173
|
3,05,16,572
|
1,29,74,133
|
97,04,978
|
40,13,968
|
24,94,436
|
26,57,62,004
|
10,27,979 8,64,59,243
|
|
Depreciation & Impairment
|
|
|
|
|
|
|
|
|
|
|
|
Balance as at 1st April 2016
|
• 2,10,07,631
|
2,63,45,689
|
37,88,232
|
2,12,96,915
|
90,30,428
|
82,92,331
|
13,71,542
|
1,44,226
|
9,12,77,194
|
•
|
|
Depreciation charge for the year
|
- 11,33,754
|
13,69,787
|
2,61,625
|
17,66,364
|
4,26,985
|
2,38,020
|
2,65,565
|
-
|
54,62,100
|
1,77,830
|
|
Disposal
|
-
|
6,928
|
5,558
|
17,770
|
-
|
-
|
-
|
-
|
30,256
|
-
|
|
Balance as at 31st March 2017
|
• 2,21,41,385
|
2,77,08,549
|
40,44,299
|
2,30,45,509
|
94,57,613
|
85,30,352
|
16,37,107
|
1,44,226
|
9,67,09,038
|
1,77,830
|
|
Depreciation charge for the year
|
- 10,51,996
|
13,59,728
|
1,21,871
|
10,10,382
|
6,96,011
|
2,18,406
|
4,11,078
|
-
|
48,69,474
|
1,87,488
|
|
Disposal
|
-
|
-
|
37,531
|
15,000
|
10,450
|
15,319
|
-
|
-
|
78,299
|
-
|
|
Balance as at 31st March 2018
|
• 2,31,93,381
|
2,90,68,277
|
41,28,640
|
2,40,40,891
|
1,01,43,174
|
87,33,439
|
20,48,185
|
1,44,226
|
10,15,00,213
|
3,65,318
|
|
Carrying Value
|
|
|
|
|
|
|
|
|
|
|
|
As at 1st April 2016
|
11,15,44,126 2,55,80,667
|
1,19,08,288
|
11,22,999
|
76,99,844
|
8,55,719
|
5,12,810
|
10,52,639
|
23,50,210
|
16,26,27,302
|
• 530,33,881
|
|
As at 31st March 2017
|
11,18,01,866 2,67,26,027
|
1,15,20,983
|
9,53,572
|
67,79,698
|
12,93,554
|
3,81,074
|
23,56,879
|
23,50,210
|
16,41,63,864
|
8,50,149 6,08,43,436
|
|
As at 31st March 2018
|
11,18,01,866 2,64,60,572
|
1,04,18,649
|
9,86,533
|
64,75,680
|
28,30,958
|
9,71,539
|
19,65,783
|
23,50,210
|
16,42,61,792
|
6,62,661 8,64,59,243
|
|
Notes forming part of the financial statements for the year ended 31st March, 2018
|
Amount in
|
|
Note No.
|
Particulars
|
As at 31st March 2018
|
As at 31st March 2017
|
As at 1st April 2016
|
|
6
|
Non-Current Investments
|
|
|
|
| |
In Subsidiary conpanies
|
|
|
|
| |
(Unquoted, At cost)
|
|
|
|
| |
16,65,000 equity shares of Rs 10 each in
|
64,286,600
|
64,286,600
|
64,286,600
|
| |
Ayurvedagram Heritage Wellness Centre Pvt Ltd
|
|
|
|
| |
100 Common stock of no par value in Suveda Inc., USA
|
5,620
|
5,620
|
5,620
|
| |
100 Common stock of no par value in Ayu Natural
|
21,516,252
|
21,516,252
|
21,516,252
|
| |
Medicines Clinic PS., USA
|
|
|
|
| |
100 Common stock of no par value in Ayurvedic
|
|
|
|
| |
Academy Inc., USA
|
27,242,710
|
27,242,710
|
27,242,710
|
| |
817 Common stock of USD 1 par value in
|
|
|
|
| |
CMS Katra Holdings LLC, USA
|
34,853
|
34,853
|
34,853
|
| |
6201 Shares efface value 1 Sing $ in Nutravada Pte Ltd, Singapore
|
281,935
|
281,935
|
281,935
|
| |
Non Trade
|
|
|
|
| |
(Quoted, At cost)
|
|
|
|
| |
550 equity shares of Rs 10 each fully paid up in
|
|
|
|
| |
Canara Bank Ltd(Quoted) Market Value Rs 264.25
|
27,850
|
27,850
|
17,500
|
| |
last Year Rs 303 per share
|
|
|
|
| |
(Unquoted, At cost)
|
|
|
|
| |
1 1 4 Equity Shares of Rs. 1 0OOO/- each in
|
1,262,500
|
1,262,500
|
1,262,500
|
| |
Confederation for Ayurvedic Renaisance Keralam Pvt Ltd
|
|
|
|
| |
Total
|
114,658,320
|
114,658,320
|
114,647,970
|
| |
Market Value of quoted Investments
|
145,338
|
166,650
|
94,975
|
| |
Aggregate amount of unquoted investments
|
114,630,470
|
114,630,470
|
114,630,470
|
|
7
|
Financial Assets -Loans
|
|
|
|
| |
Loans to Subsidiaries
|
177,497,878
|
183,401,041
|
171,402,842
|
| |
Total
|
177,497,878
|
183,401,041
|
171,402,842
|
|
8
|
Financial Assets- Other Financial assets
|
|
|
|
| |
Bank Deposits with original maturity for more than 12 months
|
3,466,819
|
3,535,073
|
3,241,887
|
| |
Deposits with Govt. Authorities
|
1,088,027
|
1,022,159
|
978,772
|
| |
Deposits with others
|
7,795,442
|
9,061,027
|
7,892,351
|
|
9
|
Total
|
12,350,288
|
13,618,259
|
12,113,010
|
|
Income Tax Assets) Net)
|
|
|
|
| |
Income Tax Advance
|
3,311,583
|
3,401,578
|
3,341,412
|
| |
MAT Credit Entitlement
|
13,666,943
|
6,733,166
|
-
|
| |
Total
|
16,978,526
|
10,134,744
|
3,341,412
|
|
10
|
Inventories
|
|
|
|
| |
Finished Goods
|
32,520,415
|
27,558,641
|
26,694,848
|
| |
Goods in transit
|
416,766
|
1,335,931
|
329,956
|
| |
Furnace Oil
|
230,076
|
376,419
|
116,486
|
| |
Packing Material
|
3,796,657
|
3,288,537
|
2,488,594
|
| |
Raw Material
|
11,164,228
|
7,765,617
|
6,552,292
|
| |
Stores & Spares
|
93,841
|
80,718
|
69,074
|
| |
Work in Progress
|
19,087,051
|
20,318,314
|
18,649,706
|
| |
WIP Nurse Training Deferred
|
32,321,902
|
32,321,902
|
32,383,402
|
| |
Total
|
99,630,938
|
93,046,079
|
87,284,358
|
| |
|
|
|
|
Note No.
|
Particulars
|
As at 31st March 2018
|
As at 31st March 2017
|
As at 1st April 2016
|
|
11
|
Financial asset- Trade Receivables
|
|
|
|
| |
Secured, considered good
|
-
|
-
|
-
|
| |
Unsecured, considered good
|
71,678,766
|
62,177,207
|
52,607,728
|
| |
Doubtful
|
-
|
-
|
|
| |
Less: Allowance for doubtful debts
|
-
|
-
|
|
| |
Total
|
71,678,766
|
62,177,207
|
52,607,728
|
|
12
|
Cash and cash equivalents
|
|
|
|
| |
Balances with banks
|
|
|
|
| |
(i) In Current accounts
|
28,897,121
|
11,688,470
|
15,333,262
|
| |
Cash on Hand
|
1,715,029
|
968,148
|
439,112
|
| |
Cheques, drafts on hand
|
12,802,226
|
936,743
|
838,919
|
| |
Total
|
43,414,376
|
13,593,361
|
16,611,293
|
|
13
|
Other Current assets
|
|
|
|
| |
Advance for Purchase
|
7,006,079
|
16,046,790
|
2,083,827
|
| |
Other Advances
|
62,406,687
|
25,133,740
|
9,946,817
|
| |
Advance to employees
|
445,780
|
|
|
| |
Advance to Vendor
|
142,100,000
|
|
|
| |
Prepaid expense
|
500,391
|
394,708
|
515,575
|
| |
Total
|
212,458,936
|
41,575,238
|
12,546,219
|
|
16
|
Financial Liabilities- Borrowings) Non Current)
|
|
|
|
| |
Vehicle Loan
|
568,445
|
935,246
|
272,294
|
| |
Katra Holding Pvt Ltd
|
186,824,922
|
174,602,731
|
163,180,122
|
| |
ECL FINANCE LIMITED
|
200,000,000
|
-
|
-
|
| |
Total
|
387,393,367
|
175,537,977
|
163,452,416
|
|
17
|
Financial Liabilities- Provisions) Non Current)
|
|
|
|
| |
Provision for Gratuity
|
34,044,691
|
28,608,518
|
27,343,466
|
| |
Total
|
34,044,691
|
28,608,518
|
27,343,466
|
|
18
|
Other Non Current liabilities
|
|
|
|
| |
Deposits Received from Business associates
|
3,715,000
|
3,915,000
|
3,867,500
|
| |
Total
|
3,715,000
|
3,915,000
|
3,867,500
|
|
19
|
Financial Liabilities- Borrowings(Current)
|
|
|
|
| |
Secured loan repayable on demand
|
|
|
|
| |
Kotak Mahindra Bank-Ernakulam (CC)
|
13,350,234
|
16,370,695
|
22,700,901
|
| |
Kotak Mahindra Bank-Ernakulam (OD)
|
|
|
|
| |
Kotak Mahindra Bank-Bangalore (CC)
|
57,882,943
|
61,005,768
|
49,017,820
|
| |
Kotak Mahindra Bank-Bangalore (OD)
|
30,239,342
|
14,992,549
|
|
| |
Kotak Mahindra Bank Short Term Loan
|
20,161,370
|
20,000,000
|
20,000,000
|
| |
(Credit Facilities from Kotak Mahindra Bank are secured Against
|
|
|
|
| |
exclusive charge on entire current assets of the Company
|
|
|
|
| |
both present and future , Collateral in the form of equitable mortgage of
|
|
|
|
| |
land belonging to the Company in Kalloor Thekkummuri Village , Trichur
|
|
|
|
| |
District and mortgage of land belonging to Chairman situated at
|
|
|
|
| |
Bangalore
|
|
|
|
| |
and personal guarantee of Chairman )
|
|
|
|
| |
Secured loan repayable on demand
|
|
|
|
| |
ICD from Tata Global Beverages Limited
|
42,500,000
|
42,500,000
|
47,500,000
|
| |
( E M of 2 Acres and 4 Guntas of land bearing Survey no 49 of
|
|
|
|
| |
Sonnapanahalli Village, Doddaballapur Taluk, Bengaluru belong to
|
|
|
|
| |
Arudrama )
|
|
|
|
| |
Kotak Mahindra Bank STL
|
8,343,984
|
10,833,736
|
4,472,737
|
| |
(Secured by Lein on Fixed Deposit of Rs 28,41, 133/- held with Kotak
|
|
|
|
| |
Mahindra Bank and personal guarantee of Directors)
|
|
|
|
| |
Katra Holding Pvt Ltd
|
136,081,741
|
178,579,241
|
196,029,241
|
| |
Total
|
308,559,613
|
344,281,988
|
339,720,700
|
|
Note No.
|
Particulars
|
As at 31st March 2018
|
As at 31st March 2017
|
As at 1st April 2016
|
|
20
|
Trade payables
|
|
|
|
| |
Trade payables outstanding dues to Micro, small and medium
|
|
|
|
| |
enterprises under MSMED Act, 2006
|
-
|
2,403,989
|
3,413,549
|
| |
Sundry Creditors- Mfgs.
|
25,606,421
|
16,072,320
|
11,358,165
|
| |
Sundry Creditors- Others
|
6,465,684
|
3,615,334
|
2,177,242
|
| |
Total
|
32,072,105
|
19,687,654
|
13,535,407
|
|
21
|
Other Current liabilities
|
|
|
|
| |
Other payables
|
|
|
|
| |
Advances from Customers
|
3,251,688
|
2,765,722
|
2,060,034
|
| |
Statutory Liabilities
|
|
|
|
| |
VAT Payable
|
|
894,447
|
812,170
|
| |
TDS Payable
|
5,072,361
|
935,715
|
1,535,832
|
| |
P F ,ESI Etc
|
1,447,683
|
1,424,798
|
1,295,076
|
| |
GST
|
231,885
|
|
|
| |
Accrued Employee Liabilities
|
|
|
|
| |
T A Payable
|
1,143,772
|
917,446
|
658,755
|
| |
Salary Payable
|
9,720,578
|
10,493,855
|
6,218,015
|
| |
Loans repayable within one year-HP Loan
|
366,801
|
464,435
|
163,551
|
| |
Rent Payable
|
6,983,377
|
4,414,123
|
4,023,981
|
| |
Other Current Liabilities
|
4,876,308
|
3,789,296
|
3,008,632
|
| |
Provision for Gratuity- current
|
4,033,052
|
2,956,534
|
2,656,534
|
| |
Total
|
37,127,504
|
29,056,370
|
22,432,580
|
|
22
|
Provisions
|
|
|
|
| |
Provision - Others:
|
|
|
|
| |
Bonus Payable
|
5,931,012
|
5,602,528
|
3,623,993
|
| |
Leave Encashment Payable
|
970,755
|
798,575
|
497,171
|
| |
Provision for MAT
|
6,933,779
|
6,733,166
|
-
|
| |
Total
|
13,835,546
|
13,134,269
|
4,121,164
|
Note No.14
|
Particulars
|
As at 31st March, 2018
|
As at 31st March, 2017
|
As at 1st April, 2016
|
| |
Number of shares
|
Amount In Rs
|
Number of shares
|
Amount In Rs
|
Number of shares
|
Amount In Rs
|
|
Share capital
|
|
|
|
|
|
|
|
(a) Authorised Capital
|
|
|
|
|
|
|
|
Equity shares of Rs 10/- each with voting rights
|
12,000,000
|
120,000,000
|
12,000,000
|
120,000,000
|
12,000,000
|
120,000,000
|
|
(b) Issued Capital
|
|
|
|
|
|
|
|
Equity shares of Rs 10/- each with voting rights
|
10,555,670
|
105,556,700
|
10,555,670
|
105,556,700
|
10,555,670
|
105,556,700
|
|
(c) Subscribed and fully paid up
|
|
|
|
|
|
|
|
Equity shares of Rs 10/- each with voting rights
|
10,555,670
|
105,556,700
|
10,555,670
|
105,556,700
|
10,555,670
|
105,556,700
|
|
Total
|
10,555,670
|
105,556,700
|
10,555,670
|
105,556,700
|
10,555,670
|
105,556,700
|
|
Notes: (i) Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the reporting period:
|
|
|
Particulars
|
Opening Balance
|
Fresh issue
|
Buy back
|
Closing Balance
|
|
Equity shares with voting rights Year ended 31 March, 2018
|
|
- Number of shares
|
10555670
|
|
|
10,555,670
|
|
-Amount (In Rs.)
|
105,556,700
|
|
|
105,556,700
|
|
Year ended 31 March, 2017
|
|
- Number of shares
|
10,555,670
|
-
|
-
|
10,555,670
|
|
-Amount (In Rs.)
|
105,556,700
|
|
|
105,556,700
|
|
Year ended 31 March, 2016
|
|
|
- Number of shares
|
10,555,670
|
|
|
10,555,670
|
|
-Amount (In Rs.)
|
105,556,700
|
|
|
105,556,700
|
(ii) Rights, Preferences and restrictions attached to Equity Shares:
The Company has one class of equity shares, having a par value of Rs 10 each. Each shareholder is eligible for one vote per share held. In the event
of liquidation, the Equity shareholders are eligible to receive the remaining assets of the company in proportion to their share holding.
There has been no movement in the issued, subsribed and paid up capital of the company.
(iii) Details of shares held by each shareholder holding more than 5% shares:
|
Class of shares / Name of shareholder
|
As at 31st March, 2018
|
|
As at 31st March, 2017
|
|
As at 1st April, 2016
|
|
| |
Number of shares held
|
% holding in that class of shares
|
Number of shares held
|
% holding in that class of shares
|
Number of shares held
|
% holding in that class of shares
|
|
Equity shares with voting rights
|
|
|
|
|
|
|
|
Katra Holdings Ltd
|
6,493,435
|
61.52%
|
6,493,435
|
61.52%
|
6,493,435
|
61.52%
|
(iv) Details of shares held by the holding company, the ultimate holding company, their subsidiaries and associates:
|
Particulars
|
Equity shares with voting rights-No of Shares
|
|
M/s Katra Holdings Ltd, the holding company
|
Opening Balance
|
Fresh issue
|
Buy back
|
Closing Balance
|
| |
|
|
|
|
|
As at 31 March, 20M5
|
6493435
|
|
|
6493435
|
|
As at 31 March, 2017
|
6493435
|
|
|
6493435
|
|
As at 1st April 2016
|
6493435
|
|
|
6493435
|
Note No. 15 Other Equity
|
Particulars
|
As at 31st March 2018
|
As at 31st March 2017
|
As at 1st April 2016
|
|
Capital reserve
|
4541879
|
4541879
|
4541879
|
|
Share premium
|
114514976
|
114514976
|
114514976
|
|
General reserve
|
1798000
|
1798000
|
1798000
|
|
Retained Earnings
|
(49691570)
|
(78153310)
|
(99964586)
|
| |
71163285
|
42701545
|
20890269
|
Notes forming part of the financial statements for the year ended 31st March, 2018
|
Notes
|
Particulars
|
For the period ended 31st March, 2018
|
For the period ended 31st March, 2017
|
|
23
|
Revenue from Operations
|
|
|
| |
(a) Sale of products
|
347,509,762
|
323,288,241
|
| |
(b) Sale of services
|
90,172,970
|
72,876,614
|
|
Total
|
437,682,732
|
396,164,855
|
|
(i) Sale of products comprises: Sale of Ayurvedic Medicine
|
347,509,762
|
323,288,241
|
| |
Total
|
347,509,762
|
323,288,241
|
| |
(ii) Sale of services comprises:
|
|
|
| |
Treatment Income
|
71,467,776
|
67,552,339
|
| |
Other Service Income
|
8,003,991
|
4,882,877
|
| |
Other Operational Income
|
10,701,203
|
441,398
|
| |
Total
|
90,172,970
|
72,876,614
|
|
24 25
|
Other Income Interest Received
|
2,638,502
|
1,446,910
|
|
Total
|
2,638,502
|
1,446,910
|
|
Cost of materials consumed Raw Material Opening stock
|
7,765,617
|
6,552,292
|
| |
Add: Purchases
|
79,251,973
|
74,861,255
|
| |
Less: Closing stock
|
11,164,228
|
7,765,617
|
|
(A)
|
75,853,362
|
73,647,930
|
|
Packing Material Opening Stock
|
3,288,537
|
2,488,594
|
| |
Add: Purchase
|
19,928,497
|
19,474,002
|
|
26 27
28
|
Less: Closing Stock
|
3,796,657
|
3,288,537
|
|
(B)
|
19,420,376
|
18,674,059
|
| |
|
|
|
Cost of material consumed(A B)
|
95,273,738
|
92,321,989
|
|
Purchase of Stock In Trade Purchase of Medicines
|
3,121,161
|
3,143,718
|
|
Total
|
3,121,161
|
3,143,718
|
|
Changes in inventories of stock of F G, WIP & Stock in trade Inventories at the end of the year: Stock of FG.WIP & Stock in Trade
|
52,024,233
|
49,212,887
|
| |
52,024,233
|
49,212,887
|
|
Inventories at the beginning of the year: Stock of FG.WIP & Stock in Trade
|
49,212,887
|
45,674,510
|
| |
49,212,887
|
45,674,510
|
| |
|
|
|
Net (increase) / decrease
|
(2,811,346)
|
(3,538,376)
|
|
Employee benefits expense Salaries and wages
|
110,181,475
|
96,985,028
|
| |
Contributions to provident funds
|
8,545,228
|
7,073,575
|
| |
Staff welfare expenses
|
9,545,134
|
9,325,822
|
|
Total
|
128271837
|
113,384,425
|
|
Notes
|
Particulars
|
For the period ended 31st March,
|
For the period ended 31st March,
|
| |
|
2018
|
2017
|
|
29
|
Finance costs
|
|
|
| |
(a) Interest expense on:
|
|
|
| |
(i) Borrowings
|
13,628,308
|
9,484,522
|
| |
(ii) Others
|
|
|
| |
- Interest on Vehicle Loans
|
1,966,030
|
544,393
|
| |
Total
|
15,594,338
|
10,028,915
|
|
30
|
Depreciation expense
|
|
|
| |
Depreciation
|
5,056,961
|
5,639,930
|
| |
Total
|
5,056,961
|
5,639,930
|
|
31
|
Other expenses
|
|
|
| |
Rent
|
15,797,877
|
12,087,289
|
| |
Bank Charges
|
4,624,787
|
1,341,708
|
| |
Rates and Taxes
|
399,198
|
846,213
|
| |
Legal & Professional charges
|
1,408,086
|
425,343
|
| |
Directors Sitting Fee
|
560,000
|
355,000
|
| |
Research and Development Expenses
|
309,753
|
342,512
|
| |
Travelling -Others
|
1,982,698
|
2,189,561
|
| |
Loss on sale of fixed Asset
|
11,341
|
6,063
|
| |
Bad Debts
|
-
|
611,983
|
| |
Repairs & Maintenance- Others
|
1,590,716
|
2,123,448
|
| |
Vehicle Maintenance
|
348,103
|
296,093
|
| |
Insurance
|
503,769
|
480,148
|
| |
Printing & Stationery
|
887,613
|
1,109,409
|
| |
Postage & Telephone
|
1,897,838
|
1,935,050
|
| |
Secretarial Expenses
|
1,608,732
|
1,478,730
|
| |
Repairs & Maintenance Branch assets
|
781,126
|
1,206,643
|
| |
Conveyance Expenses
|
2,434,545
|
1,847,029
|
| |
Canteen Expenses
|
2,308,583
|
2,196,305
|
| |
Electricity charges (Branches/Depot)
|
2,241,925
|
1,926,550
|
| |
Other Administrative Expenses
|
7,483,020
|
5,854,353
|
| |
Internal Audit fee
|
40,000
|
40,400
|
| |
Audit fee
|
125,000
|
126,250
|
| |
Travelling -Sales Staff
|
11,955,004
|
8,451,069
|
| |
Advertisements
|
353,763
|
354,941
|
| |
Commission & Discount
|
7,407,749
|
7,225,984
|
| |
Training Expenses
|
327,044
|
331,333
|
| |
Freight Outward
|
7,560,285
|
6,524,642
|
| |
Sales promotion exp
|
11,520,198
|
6,754,021
|
| |
Other Selling & Distribution Expenses
|
2,370,232
|
1,100,328
|
| |
Fuel Consumed
|
2,513,743
|
2,425,901
|
| |
Electricity charges
|
1,417,259
|
1,323,100
|
| |
Repairs to Plant & Machinery
|
931,145
|
1,103,030
|
| |
Repairs to Building
|
132,752
|
287,863
|
| |
Job Works
|
27,566,740
|
24,987,898
|
| |
Other Manufacturing Expenses
|
2,011,665
|
2,005,223
|
| |
Cultivation Expenses
|
141,807
|
276,636
|
| |
Treatment Expenses
|
7,438,702
|
7,242,030
|
| |
Indirect Taxes
|
30,814,058
|
35,095,445
|
| |
Total
|
161,806,859
|
144,315,525
|
| |
(i) Payments to the auditors comprises (net of
|
|
|
| |
service tax input credit, where applicable):
|
|
|
| |
As auditors - Statutory audit
|
125,000
|
126,250
|
| |
For management services
|
|
|
| |
Reimbursement of expenses
|
35,975
|
29,600
|
| |
Total
|
160,975
|
155,850
|
Notes forming part of the financial statements for the year ended 31st March, 2018
|
Notes
|
Particulars
|
31st March, 2018
|
31st March, 2017
|
|
32
|
Earnings In Foreign Currency
|
|
|
| |
Export of Medicine
|
5,746,691
|
4,692,236
|
| |
Total
|
5,746,691
|
4,692,236
|
| |
Expenditure in Foreign Currency :
|
|
|
| |
Total
|
NIL
|
NIL
|
|
33
|
Managerial Remuneration
|
31st March, 2018
|
31st March, 2017
|
| |
To the Whole Time Director
|
|
|
| |
Salary
|
1,500,000
|
1,500,000
|
| |
Other Allowances
|
1,428,000
|
1,428,000
|
| |
Reimbursements
|
72,000
|
15,000
|
| |
Total
|
3,000,000
|
2,943,000
|
34 Related Party Disclosure under Ind Accounting Standard 24:
A. Names of related parties and nature of related party relationships
|
Description of relationship
|
Names of related parties
|
|
Holding Company
|
Katra Holdings Ltd, Mauritius
|
|
Subsidiary Companies
|
Ayurvedagram Heritage Wellness Centre Pvt Ltd
|
|
Suveda Inc. USA
|
|
Ayu Natural Medicine Clinic PS, USA
|
|
Ayurvedic Academy Inc., USA
|
|
Nutraveda Re Ltd
|
|
CMS Katra Holdings LLC, USA
|
|
CMS Katra Nursing LLC, USA
|
|
Companies where Promoter Director is having control/significant influence
|
All Seasons Herbs Pvt. Ltd.
|
|
KAL Ayurveda Research Foundation
|
|
Katra Holding Pvt. Ltd.
|
|
S R Pharmaceuticals
|
|
Katra Phytochem India Pvt. Ltd.
|
|
Confederation for Ayurvedic Renaisance Keralam Ltd.
|
|
Mason & Summers Leisure Pvt. Ltd.
|
|
Director/Key Managerial Person
|
Dr K Anil Kumar, Whole time Director
|
|
MrArvindAgarwal, CFO
|
|
Ms Itti Bhargava, Company Secretary
|
|
Mr K. Raghunadhan, Company Secretary
|
|
B. Transaction with Related Parties
|
|
Amount in Rs
|
|
Particulars
|
31st March, 2018
|
31st March, 2017
|
|
Purchase of Raw Materials
|
|
|
|
All Season Herbs Pvt Ltd
|
2,525,015
|
3,038,094
|
|
Confederation for Ayurvedic Renaisance Keralam Ltd
|
258,897
|
911,239
|
|
Katra Phytochem (India) Pvt Ltd
|
-
|
4,774,120
|
|
Sale of Medicines & Treatments
|
|
|
|
Ayurvedagram Heritage Wellness Centre P Ltd
|
4,923,186
|
4,133,227
|
|
Confederation for Ayurvedic Renaisance Keralam Ltd
|
131,063
|
0
|
|
Services Received
|
|
|
|
Ayuvedagram Heritage Wellness Centre P Ltd
|
900,624
|
536,706
|
|
S R Pharmaceuticals
|
5,713,228
|
0
|
|
Mason & Summers Leisure P Ltd
|
727,697
|
365,218
|
|
Services Rendered
|
|
|
|
Ayurvedagram Heritage Wellness Centre P Ltd
|
6,250,000
|
5,900,000
|
|
Ayurvedic Academy Inc
|
553,974
|
-
|
|
Remuneration Paid
|
|
|
|
Dr K Anilkumar, Director
|
3,000,000
|
2,943,000
|
|
Mr Arvind Agarwal, CFO
|
2,893,584
|
2,877,000
|
|
Ms Itti Bhargava, Company Secretary upto 1 1/06/2016
|
-
|
107,556
|
|
Mr K. Raghunadhan, Company Secretary w.e.f 18/01 /2017
|
571,308
|
116,719
|
|
Reimbursement of Expenses
|
|
|
|
KAL Subsidiaries
|
5,884,358
|
5,890,520
|
|
Katra Phytochem India Pvt Ltd
|
206,345
|
32,368
|
|
Mason & Summers Leisure Pvt Ltd
|
-
|
13,924
|
|
Advances given
|
|
|
|
Ayurvedagram Heritage Wellness Centre P Ltd
|
17,490,000
|
-
|
|
Interest on Advances
|
|
|
|
Ayurvedagram Heritage Wellness Centre P Ltd
|
1,018,000
|
-
|
|
Borrowings(including loans)
|
|
|
|
Katra Holding Pvt Ltd
|
-
|
50,000
|
|
Repayment of Loans
|
|
|
|
To Katra Holding Pvt Ltd
|
42,497,500
|
17,500,000
|
|
By KAL Subsidiaries in USA
|
30,094,335
|
0
|
|
Balances outstanding at the end of the year
|
|
|
|
Lending- to KAL Subsidiaries
|
177,497,878
|
183,401,041
|
|
Advance to Ayurvedagram Heritage Wellness Centre P Ltd
|
18,406,200
|
-
|
|
Borrowings- from Katra Holding Pvt Ltd
|
322,906,663
|
353,181,972
|
35. Contingent Liabilities
Particulars
I. The company has given a bank guarantee of" 500,0007- to The Registrar, Banaras Hindu University towards security deposit for setting up Kerala Ayurveda Panchakarma Center at S S Hospital under BHU
II. During the year the company received a showcause notice from Central Excise department for the financial years 2013-14, 2014-15 and 2015-16 demanding " 46.98 Lakhs towards cenvat credit reversal and service tax on commercial training. The company has preferred an appeal with Commissioner (Appeals), Aluva and the company is confident that the demand will get
|
36
|
Deferred tax assets/ (liabilities)
|
|
|
|
|
Particulars
|
As at 31st March, 2017
|
Movement
|
As at 31st March, 2018
|
|
Book/Tax depreciation difference
|
(6,549,361)
|
226,567
|
(6,322,794)
|
| |
Provision for Gratuity
|
2,206,557
|
|
2,206,557
|
| |
Unabsorbed Depreciation Carried forward
|
8,761,130
|
(11,228,803)
|
(2,467,673)
|
| |
Total deferred tax Asset
|
4,418,326
|
(11,002,236)
|
(6,583,911)
|
|
37
|
Earnings/ (Loss ) per share :
|
31st March, 201 8
|
|
31st March, 2017
|
| |
Particulars Net Profit /(Loss) after Tax
|
23,005,450
|
|
22,029,778
|
| |
Weighted Average Number of Shares outstanding during the year
|
10,555,670
|
|
10,555,670
|
| |
Earnings/ (Loss) Per Share ('.)
|
2.70
|
|
2.07
|
| |
Nominal Value of Shares ('.)
|
10.00
|
|
10.00
|
38. The company has not received any confirmations from any supplier registered under "The Micro, Small and Medium Enterprise Development Act, 2006. Accordingly no disclosure has been made underthe said act.
39. Segment results: The company is primarily engaged in Ayurvedic services and products. Accordingly there is no separae reportable segment in accordance with AS 17-Segment reporting prescribed under the Companies (Accounting Standards) Rules 2006.
40. Previous year figures have been re-grouped / re-classified wherever necessary to correspond with the current year classification/Disclosure.
In terms of our report attached.
|
For BIJU GEORGE & CO
Chartered Accountants
|
For and on behalf of the Board of Directors KERALA AYURVEDA LIMITED
|
|
FRN: 007920S
|
Sd/-
|
Sd/-
|
|
Sd/-
|
RAMESH VANGAL
|
DrKANILKUMAR
|
|
BIJU GEORGE, BSc, FCA
Proprietor
|
Chairman
|
Executive Director
|
|
MEM REGN No. 206233
|
Sd/-
|
Sd/-
|
|
Bengaluru
|
K.RAGHUNADHAN
|
ARVIND AGARWAL
|
|
30th May, 201 8
|
Company Secretary
|
Chief Financial Officer
|
|