Notes to Accounts
(a) Effect of Ind AS adoption on the balance sheet as at 1 April 2016.
(Amount in Rs)
|
Particulars
|
Notes
|
Previous GAAP*
|
Adjustment
|
Amount Under Ind AS
|
|
Assets
|
|
|
|
|
|
Non-current assets
|
|
|
|
|
|
Property, plant and equipment
|
1
|
20,384,995
|
|
20,384,995
|
|
Other intangible assets
|
2
|
41,846
|
-
|
41,846
|
|
Financial Assets
|
|
|
|
-
|
|
Investments
|
3a
|
3,774,850
|
(588,165)
|
3,186,685
|
|
Other financial assets
|
3b
|
153,736
|
-
|
153,736
|
|
Total non-current assets
|
|
24,355,427
|
(588,165)
|
23,767,262
|
|
Current assets
|
|
|
|
|
|
Inventories
|
4
|
15,286,036
|
-
|
15,286,036
|
|
Financial assets
|
|
|
|
|
|
Trade receivables
|
5a
|
648,518
|
-
|
648,518
|
|
Cash and cash equivalent
|
5b
|
801,021
|
-
|
801,021
|
|
Other Bank Balance
|
5c
|
630,517
|
-
|
630,517
|
|
Other financial assets
|
5d
|
-
|
-
|
-
|
|
Other current assets
|
6
|
3,543,770
|
-
|
3,543,770
|
|
Total current assets
|
|
20,909,862
|
-
|
20,909,862
|
|
Total assets
|
|
45,265,289
|
(588,165)
|
44,677,123
|
|
Equity and liabilities
|
|
|
|
|
|
Equity
|
|
|
|
|
|
Share capital
|
7
|
52,200,000
|
-
|
52,200,000
|
|
Other equity
|
|
|
|
|
|
Retained earnings
|
8
|
(26,337,972)
|
(588,165)
|
(26,926,137)
|
|
Other reserves
|
8
|
15,201,600
|
-
|
15,201,600
|
|
Total equity
|
|
41,063,629
|
(588,165)
|
40,475,463
|
|
Non current liabilities
|
|
|
|
|
|
Financial Liabilities
|
|
|
|
|
|
Borrowings
|
9
|
2,162,119
|
-
|
2,162,119
|
|
Long term provisions
|
10
|
255,055
|
-
|
255,055
|
|
Total non current liabilities
|
|
2,417,174
|
-
|
2,417,174
|
*The Previous GAAP figures have been reclassified to confirm to Ind AS presentation requirement for the purpose of this note.
(b) Effect of Ind AS adoption on the balance sheet as at 31 March 2017
| |
(Amount in Rs)
|
|
Particulars
|
Notes
|
Previous GAAP*
|
Adjustment
|
Amount Under Ind AS
|
|
Assets
|
|
|
|
|
|
Non-current assets
|
|
|
|
|
|
Property, plant and equipment
|
1
|
18,178,093
|
|
18,178,093
|
|
Other intangible assets
|
2
|
25,107
|
-
|
25,107
|
|
Financial Assets
|
|
|
|
-
|
|
Investments
|
3a
|
3,374,850
|
(720,174)
|
2,654,676
|
|
Other financial assets
|
3b
|
153,736
|
-
|
153,736
|
|
Total non-current assets
|
|
21,731,786
|
(720,174)
|
21,011,612
|
|
Current assets
|
|
|
|
|
|
Inventories
|
4
|
18,225,396
|
-
|
18,225,396
|
|
Financial assets
|
|
|
|
|
|
Trade receivables
|
5a
|
650,002
|
-
|
650,002
|
|
Cash and cash equivalent
|
5b
|
139,834
|
-
|
139,834
|
|
Other Bank Balance
|
5c
|
323,836
|
-
|
323,836
|
|
Other financial assets
|
5d
|
-
|
1,000
|
1,000
|
|
Other current assets
|
6
|
2,538,156
|
(1,000)
|
2,537,156
|
|
Total current assets
|
|
21,877,224
|
-
|
21,877,224
|
|
Total assets
|
|
43,609,010
|
(720,174)
|
42,888,838
|
|
Current liabilities
|
|
|
|
|
|
Financial liabilities
|
|
|
|
|
|
Borrowings
|
11a
|
1,076,013
|
-
|
1,076,013
|
|
Trade payables
|
11b
|
225,799
|
-
|
225,799
|
|
Other financial liabilities
|
11c
|
-
|
11,236
|
11,236
|
|
Other current liabilities
|
12
|
478,281
|
(11,236)
|
467,045
|
|
Short term provisions
|
13
|
4,393
|
-
|
4,393
|
|
Total current liabilities
|
|
1,784,486
|
-
|
1,784,486
|
|
Total liabilities
|
|
4,201,660
|
-
|
4,201,660
|
|
Total equity and liabilities
|
|
45,265,289
|
(588,165)
|
44,677,123
|
(Amount in Rs)
|
Particulars
|
Notes
|
Previous GAAP*
|
Adjustment
|
Amount Under Ind AS
|
|
Equity and liabilities
|
|
|
|
|
|
Equity
|
|
|
|
|
|
Share capital
|
7
|
52,200,000
|
-
|
52,200,000
|
|
Other equity
|
|
|
|
|
|
Retained earnings
|
8
|
(29,138,172)
|
(720,174)
|
(29,858,346)
|
|
Other reserves
|
8
|
15,201,600
|
-
|
15,201,600
|
|
Total equity
|
|
38,263,429
|
(720,174)
|
37,543,254
|
|
Non current liabilities
|
|
|
|
|
|
Financial Liabilities
|
|
|
|
|
|
Borrowings
|
9
|
967,411
|
-
|
967,411
|
|
Long term provisions
|
10
|
274,676
|
-
|
274,676
|
|
Total non current liabilities
|
|
1,242,087
|
-
|
1,242,087
|
|
Current liabilities
|
|
|
|
|
|
Financial liabilities
|
|
|
|
|
|
Borrowings
|
11a
|
1,194,708
|
-
|
1,194,708
|
|
Trade payables
|
11b
|
2,582,045
|
-
|
2,582,045
|
|
Other financial
|
11c
|
|
|
|
|
liabilities
|
|
|
|
|
|
Other current liabilities
|
12
|
321,524
|
-
|
321,524
|
|
Short term provisions
|
13
|
5,219
|
|
5,219
|
|
Total current liabilities
|
|
4,103,496
|
-
|
4,103,496
|
|
Total liabilities
|
|
5,345,583
|
-
|
5,345,583
|
|
Total equity and liabilities
|
|
43,609,012
|
(720,174)
|
42,888,838
|
* The Previous GAAP Figures have been reclassified to conform to Ind AS presentation requirements for the purpose of this note.
(c) Reconciliation of total comprehensive income for the year ended 31 March 2017.
(Amount in Rs)
| |
|
|
|
Amount
|
|
Particulars
|
Notes
|
Previous GAAP*
|
Adjustment
|
Under Ind AS
|
|
Income
|
|
|
|
|
|
Revenue from operations
|
|
|
|
|
|
Other income
|
14
|
17,712,664
|
-
|
17,712,664
|
|
Total income (I)
|
15
|
298,358
|
.
|
298,358
|
| |
|
18,011,022
|
-
|
18,011,022
|
|
Expenses
|
|
|
|
|
|
Cost of material Consumed
|
|
4,459,169
|
-
|
4,459,169
|
|
Purchase of Traded Goods
|
16
|
13,830,371
|
|
13,830,371
|
|
Change in Inventories of Finished Goods and Stock-in-trade
|
17
|
(3,558,981)
|
-
|
(3,558,981)
|
|
Employee benefits expense
|
18
|
1,038,151
|
-
|
1,038,151
|
|
Finance costs
|
19
|
310,696
|
-
|
310,696
|
|
Other Expenses
|
20
|
2,465,176
|
-
|
2,465,176
|
|
Depreciation and amortization
|
21
|
2,266,640
|
-
|
2,266,640
|
|
Total expense (II)
|
|
20,811,222
|
-
|
20,811,222
|
|
Profit/(loss) before exceptional items and tax
|
|
(2,800,200)
|
_
|
(2,800,200)
|
|
Exceptional items
|
|
-
|
-
|
|
|
Profit/(loss) before tax from continuing operations
|
|
(2,800,200)
|
-
|
(2,800,200)
|
|
Income taxes
|
|
-
|
-
|
|
|
Current tax
|
|
|
|
|
|
Adjustment of tax relating to earlier periods
|
|
-
|
-
|
|
|
Deferred tax (credit) /charge
|
|
|
_
|
|
|
Income tax expense
|
|
-
|
-
|
|
|
(Loss)/Profit for the year
|
|
(2,800,200)
|
-
|
(2,800,200)
|
|
Other Comprehensive Income
|
|
|
|
|
|
A (i) Item that will not be reclassified to profit or loss
|
7
|
-
|
(132,009)
|
(132,009)
|
|
(ii) Income tax relating to items that will not be reclassified to profit or loss
|
|
|
|
|
|
B (i) Item that will be reclassified to profit or loss
|
8
|
-
|
-
|
-
|
|
(ii) Income tax relating to items that will be reclassified to profit or loss
|
8
|
-
|
-
|
-
|
|
Total Comprehensive Income for the vear
|
|
(2,800,200)
|
(132,009)
|
(2,932,209)
|
|
For & on behalf of the Board of Directors
|
As per our report of even date attached
|
|
For PNG & Co
|
|
Chartered Accountants
|
|
FRN 021910N
|
| |
|
B. K. Narula
|
Karan Suri
|
Prabhat Kumar
|
|
Director
|
Director
|
Partner
|
|
DIN 00003629
|
DIN 01193500
|
M.No. 087257
|
|
Rita Narula
|
Shefali Kesarwani
|
Sanjay Bana
|
|
Director
|
Company Secretary
|
CFO
|
|
DIN 00006096
|
M. NO.A52098
|
|
|
Place: Noida
|
|
|
|
Date: 26.05.2018
|
|
|
|