Particulars

2017-18

2016-17

Rs

Rs

(a) Sales

4,499,094,321

4,237,729,589

(b) Erection & Commissioning services

3,898,983

9,413,732

Total

4,502,993,304

4,247,143,321

Particulars

2017-18

2016-17

Rs

Rs

(a) Interest Income

8,843,056

8,162,507

(b) Other non-operating income (net)

1,661

223,462

(c) Interest Received from security deposit

351482

298477

Total

9,196,199

8,684,446

Particulars

2017-18

2016-17

Rs

Rs

Opening stock

268,508,537

230,362,822

Add: Purchases

3,856,757,821

3,311,751,969

4,125,266,358

3,542,114,791

Less: Closing stock

232,325,753

268,508,537

Cost of material consumed

3,892,940,605

3,273,606,254

Material consumed comprises:

Copper wire & Strips

1,359,414,859

1,139,175,040

Transformer oil

448,466,758

374,730,116

Lamination

1,009,439,499

847,084,663

Others

1,075,619,489

912,616,436

Total

3,892,940,605

3,273,606,254

Particulars

2017-18

2016-17

Rs

Rs

Inventories at the end of the vear:

Finished goods

481,918,617

349,907,789

Work-in-progress

479,435,141

315,981,421

961,353,758

665,889,210

Inventories at the beginning of the year:

Finished goods

349,907,789

435,940,475

Work-in-progress

315,981,421

148,307,302

665,889,210

584,247,777

Net (increase) / decrease

(295,464,548)

(81,641,433)

Particulars

2017-18

2016-17

Rs

Rs

Excise duty

46,592,960

316,611,573

Total Excise Duty on Sale of Goods

46,592,960

316,611,573

Particulars

2017-18

2016-17

Rs

Rs

Salaries and wages

144,017,315

136,625,166

Contributions to provident and other funds

4,002,234

3,665,186

Gratuity

1,931,084

907,368

Staff welfare expenses

4,727,442

6,519,611

Total

154,678,075

147,717,331

Particulars

2017-18

2016-17

Rs

Rs

(a) Interest expense on: Borrowings

215,128,025

194,176,356

(b) Other borrowing costs Bank Commission.Bank Guarantee & other Charges

53,445,033

49,524,549

Total

268,573,058

243,700,905

Particulars

2017-18

2016-17

Rs

Rs

(a) Depreciation on Property, Plant and Equipments

63,895,054

61,717,062

(b) Amoritisation of Intangible Assets

119,338

62,350

Less: Utilised from revaluation reserve

-

1,331,456

Add:- Utilised from revaluation reserve reversed

1,842,992

-

65,857,384

60,447,956

Particulars

2017-18

2016-17

Rs

Rs

Power and fuel

23,142,211

22,455,788

Rent including lease rentals (Net)

9,545,520

9,545,520

Repairs and maintenance - Buildings

523,677

72,930

Repairs and maintenance - Others

2,426,052

2,391,142

Insurance

9,839,373

7,588,676

Rates and taxes

2,726,810

4,474,332

Communication

2,505,089

2,901,687

Travelling and conveyance

28,388,931

27,430,607

Printing and stationery

2,145,043

1,814,696

Motor Car Expenses

7,658,553

6,644,887

Office Expenses & Electricity Charges

2,248,800

2,989,603

Freight and forwarding

133,975,754

100,696,810

Loading & Unloading Charges

3,898,924

4,055,986

Commission & Brokerage

1,347,501

824,213

Donations and contributions

68,200

150,000

Legal and professional

12,629,784

10,877,798

Elecrama Expenses

5,476,058

-

Payments to auditors (Refer Note (i) below)

500,000

500,000

Net loss on foreign currency transactions

3,490,742

279,318

Loss on fixed assets sold / scrapped / written off

-

35,180

Miscellaneous expenses

49,247,520

38,977,902

Total

301,784,543

244,707,073

Particulars

2017-18

2016-17

Rs

Rs

(i) Payments to the auditors comprises (net of service tax input credit, where applicable):

As auditors - statutory audit

325,000

325,000

For taxation matters

75,000

75,000

Company law Matter

100,000

100,000

Total

500,000

500,000

Particulars

For the year ended 31st March, 2018

For the year ended 31st March, 2017

Rs

Rs

(i) Principal amount remaining unpaid to any supplier as at the end of the accounting year

.

250,477

(ii) Interest due thereon remaining unpaid to any supplier as at the end of the accounting year

Nil

Nil

(iii) The amount of interest paid along with the amounts of the payment made to the supplier beyond the appointed day

Nil

Nil

(iv) The amount of interest due and payable for the year

(v) The amount of interest accrued and remaining unpaid at the end of the accounting year

Nil

Nil

(vi) The amount of further interest due and payable even in the succeeding year, until such date when the interest dues as above are actually paid

Nil

Nil

33.3

Value of imports calculated on CIF basis @:

For the year ended 31st March, 2018

For the year ended 31st March, 2017

Rs

Rs

Raw materials including Spares

91,672,550

169,823,172

33.4

Expenditure in foreign currency

For the year ended 31st March, 2018

For the year ended 31st March, 2017

Rs

Rs

Travelling

-

68,744

Note

Particulars

For the year ended 31st March, 2018

For the year ended 31st March, 2017

Rs

Rs

33.1

Contingent liabilities and commitments (to the extent not provided for)

(i)

Contingent liabilities

(a) Claims against the Company not acknowledged as debt

15,990,900

15,990,900

(b) Income Tax Matters

2,164,160

2,164,160

(c) Performance, Counter& Advance Guarantees EMD

1,602,935,494

1,500,337,494

(d) Corporate guarantees given to the Banks on behalf of related Party- IMP Energy Ltd.

220,000,000

220,000,000

(e) Other money for which the Company is contingently liable

Nil

Nil

Note 34 : Disclosures under IND Accounting Standards 24 "Related Party Disclosures"

34.a Details of related parties:

Description of relationship

Names of related parties

Subsidiaries Companies in which Directors are interested

IMP Energy Limited

Raga Organics P. Ltd

Advance Transformers & Equipments Pvt. Ltd

Shree Kishoriju Trading & Investment Pvt. Ltd

Shree Rasbihari Electricals Pvt. Ltd

Shree & Sons.

Universal Transformers Pvt. Ltd

Shree Rasbihari Trading and Investment Pvt. Ltd

Raj Exports Pvt. Ltd.

Mangalam Laboratories Pvt. Ltd.

Ramniwas R Dhoot (HUF)

Shri J B Pharma LLP

Mangalam Drugs & Organics Limited

Directors its Relatives

Chairman : Shri Ramniwas R Dhoot

Vice Chairman : Shri Ajay R Dhoot

Managing Director : Shri Aaditya R Dhoot

Director : Priyanjali Malpani

Mrs. Rajkumari R Dhoot (wife of Shri R. R. Dhoot), (up to August 22, 2017)

Mrs. Smita A Dhoot (wife of Shri Aaditya. R. Dhoot),

Mrs. Radhika A Dhoot (wife of Shri Ajay R. Dhoot),

Key Management Personnel (KMP)

Mr.Bakul K Desai (CFO)

Ms. Priya Shah (Company Secretary)

Note: Related parties have been identified by the Management.

33.5 Details of consumption of imported and indigenous items *

For the year ended 31st March, 2018

For the year ended 31st March, 2017

Rs

%

Imported

Raw materials

109,959,610

2.82

Note: Figures / percentages in brackets relates to the previous year

(177,022,263)

(5.41)

Indigenous

For the year ended 31st March, 2018

For the year ended 31st March, 2017

Rs

%

Raw materials

3,782,980,996

97.18

(3,096,583,992)

94.59

Subsidiaries

Associates

KMP

Relatives of KMP

Entities in which KMP/ relatives of KMP have significant influence

Total

Related party transactions

Purchase of goods

100,447,137

-

-

-

-

100,447,137

(185,933,166)

-

-

-

-

(185,933,166)

Sales of goods

-

15,004,880

-

-

-

15,004,880

-

-

-

-

-

-

Remuneration

-

-

-

-

-

-

Shri Ramniwas R Dhoot

-

-

5,340,000

-

-

5,340,000

-

-

(4,740,000)

-

-

(4,740,000)

Shri Ajay R Dhoot

-

-

5,190,000

-

-

5,190,000

-

-

(4,680,000)

-

-

(4,680,000)

Shri Aaditya R Dhoot

-

-

5,040,000

-

-

5,040,000

-

-

(4,560,000)

-

-

(4,560,000)

Mrs Priyanjali Malpani

-

-

-

607,000

-

607,000

-

-

-

(600,000)

-

(600,000)

Mr Bakul K Desai (Chief Financial Officer)

1,655,716

w.e.f 01.07.2016 to 31.03.2017

(1,173,037)

Mr Deepak Shah (Chief Financial Officer)

-

w.e.f 01.04.2016 to 30.06.2016

(505,500)

Miss Priya Shah (Company Secretary)

458,860

w.e.f 14.02.2017 to 31.03.2017

(58,968)

Miss Srita Parwani (Company Secretary)

-

w.e.f 19.09.2016 to 30.01.2017

(157,234)

Mrs Parvati Nair (Company Secretary)

-

w.e.f 01.04.2016 to 30.07.2016

(156,242)

Leasing or hire purchase arrangements

Shri Ramniwas R Dhoot (HUF)

-

-

95,000

-

-

95,000

-

-

(120,000)

-

-

(120,000)

Shri Ajay R Dhoot

-

-

420,000

-

-

420,000

-

-

(420,000)

-

-

(420,000)

Shri Aaditya R Dhoot

-

-

390,000

-

-

390,000

-

-

(390,000)

-

-

(390,000)

Interest

-

-

-

Shri Ramniwas R Dhoot

_

_

618,634

_

_

618,634

-

-

-

-

-

-

Shri Ajay R Dhoot

6,892

_

_

6,892

-

-

-

-

-

-

Shri Aaditya R Dhoot

-

-

79,245

-

-

79,245

-

-

(797,260)

-

-

(797,260)

Mrs Priyanjali Malpani

-

-

-

527,104

527,104

-

-

-

-

-

-

Balances outstanding at the end of the vear

Trade receivables

-

-

-

-

-

-

Loans and advances

_

7,000,000

_

_

_

7,000,000

-

(7,000,000)

(7,000,000)

Trade payables

31,406,336

-

-

-

-

31,406,336

(81,607,768)

-

-

(81,607,768)

In terms of our report of even date

For V.S. SOMANI AND Co.,

For and on behalf of the Board of Directors

Chartered Accountants

(CA. VIDYADHAR S. SOMANI )

AJAY R DHOOT

AADITYA R DHOOT

Proprietor

Vice Chairman

Managing Director

Place:- Mumbai

BAKUL K DESAI

PRIYA SHAH

Date:- May 11, 2018

Chief Financial Officer

Company Secretary

Note

Particulars

As at 31st March, 2018

As at 31st March, 2017

Rs

Rs

36

Earnings per share

Weighted average number of equity shares outstanding

8,636,563

8,636,563

36.a

Profit (Loss) after taxation as per Profit & Loss account attributable to Equity Shareholders after adjusting dividend on preference shares before extraordinary items

54,620,823

33,897,607

36.b

Earning Per Share (Basic & Diluted) Before Extra-Ordinary item

Profit (Loss) after taxation as per Profit & Loss account attributable to Equity Shareholders after adjusting dividend on preference shares after extraordinary items

6.32

3.92

54,620,823

33,897,607

Earning Per Share (Basic & Diluted)

6.32

3.92

Nominal Value per share

10.00

10.00

Note

Particulars

For the year ended 31st March, 2018

For the year ended 31st March, 2017

Rs

Rs

27

Details of leasing arrangements

As Lessee

The Company has entered into operating lease arrangements for its office premises at Tardeo Mumbai. The leases are non-cancellable and are for a period of 3 years and may be renewed for a further period as mutual agreement of the parties.

Future minimum lease payments

not later than one year

9,545,520

9,545,520

later than one year and not later than five years

9,333,928

9,333,928

later than five years

Lease payments recognised in the Statement of Profit and Loss Contingent rents recognised as expense during the year (state basis)

9,853,155

9,853,155