Annual Report

SYLVAN PLYBOARD (INDIA) LIMITED
Standalone Financial Statements for period 01/04/2018 to 31/03/2019
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
SYLVAN PLYBOARD (INDIA)
Name of company LIMITED
Corporate identity number (A) U51431WB2002PLC095027
Permanent account number of entity AAHCS0099R
41, B. B. GANGULY STREET,,
Address of registered office of company 4TH FLOOR,, KOLKATA, West
Bengal, 700012, India,
Commercial and
Type of industry Industrial
Whether company is listed company No
Date of board meeting when final accounts were approved 21/05/2019
Period covered by financial statements 12 MONTHS 12 MONTHS
Date of start of reporting period 01/04/2018 01/04/2017
Date of end of reporting period 31/03/2019 31/03/2018
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other
Yes
relevant books and papers in electronic form
Complete postal address of place of maintenance of computer
5, NIMTALLA GHAT STREET
servers (storing accounting data)
Name of city of place of maintenance of computer servers (storing
KOLKATA
accounting data)
Name of state/ union territory of place of maintenance of
WEST BENGAL
computer servers (storing accounting data)
Pin code of place of maintenance of computer servers (storing
700006
accounting data)
Name of district of place of maintenance of computer servers
KOLKATA
(storing accounting data)
ISO country code of place of maintenance of computer servers
IN
Name of country of place of maintenance of computer servers
INDIA
Phone (with STD/ ISD code) of place of maintenance of computer
03322691300
servers (storing accounting data)
Footnotes
(A) The constitution of the company change from Private Limited to Public Ltd on 19.06.2018 vide fresh certificate of incorporate issued
by ROC, Kolkata, West Bengal.
SYLVAN PLYBOARD (INDIA) LIMITED Standalone Financial Statements for period 01/04/2018 to 31/03/2019
Disclosure of principal product or services [Table] ..(1)

Types of principal product or services [Axis] A B C D
01/04/2018 01/04/2018 01/04/2018 01/04/2018
to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services
[LineItems]
Product or service category (ITC 4 digit) code 4403 4412 4407 4408
PLYWOOD,
Description of product or service category LOGS BLOCKBOARD, SAWN TIMBER VENEER
FLUSH DOOR
Turnover of product or service category 28,73,75,105 129,50,71,997 46,94,00,202 33,66,75,460
Highest turnover contributing product or
44034100 44121000 44072990 44083110
service (ITC 8 digit) code
PLYWOOD,
BLOCKBOARD,
Description of product or service LOGS FLUSH DOOR, SAWN TIMBER VENEER
RESIN, WOOD
WASTE
Turnover of highest contributing product or service 28,73,75,105 129,50,71,997 46,94,00,202 33,66,75,460
[400400] Disclosures - Directors report
Details of shareholding pattern of top 10 shareholders [Table] ..(1)

Top 1 shareholder
Name of top 10 shareholder [Axis]
[Member]
Shareholding at
Change in shareholding [Axis] beginning of year
[Member]
01/04/2018
to
31/03/2019
Total number of shares held at end of period [shares] 19,500
Percentage of total shares held at end of period 0.00%
Increase decrease in shareholding during year [shares] 0
Percentage increase decrease in shareholding during year 0.00%
Details of shareholding pattern of top 10 shareholders [Abstract]
Details of shareholding pattern of top 10 shareholders [LineItems]
Name of shareholder ARCHANA SINGH
2
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] 1 2
01/04/2018 01/04/2018
to to
31/03/2019 31/03/2019
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director JAI ANAND
Middle name of director PRAKASH KUMAR
Last name of director SINGH SINGH
Designation of director Director Director
Director identification number of director 00655886 00651384
Date of signing board report 21/05/2019 21/05/2019
Particulars of holding, subsidiary and associate companies [Table] ..(1)

Particulars of companies [Axis] HOLDINGCOMPANY
01/04/2018
to
31/03/2019
Particulars of holding, subsidiary and associate companies [Abstract]
Particulars of holding, subsidiary and associate companies [LineItems]
LAPTOP VYAPAAR
Name of company PRIVATE LIMITED
5, NIMTALLA GHAT
Address of company STREET, KOLKATA, West
Bengal, 700006, India,
Country of incorporation of company INDIA
CIN of company U51109WB2007PTC119992
Type of company PRIVATE LIMITED
Percentage of shares held 26.00%
Applicable section 2(46)
3
Details of shareholding pattern of directors and key managerial personnel [Table] ..(1)
Directors and key managerial personnel [Axis] A B C D
Shareholding at Shareholding at Shareholding at Shareholding at
Change in shareholding [Axis] beginning of year beginning of year beginning of year beginning of year
[Member] [Member] [Member] [Member]
01/04/2018 01/04/2018 01/04/2018 01/04/2018
to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019
Total number of shares held at end of period [shares] 15,23,400 [shares] 5,46,400 [shares] 40,000 [shares] 0
Percentage of total shares held at end of period 17.00% 6.00% 0.00% 0.00%
Increase decrease in shareholding during year [shares] 7,61,700 [shares] 2,73,200 [shares] 20,000 [shares] 0
Percentage of total shares held at end of
17.00% 6.00% 0.00% 0.00%
period
Details of shareholding pattern of directors
and key managerial personnel [Abstract]
Details of shareholding pattern of
directors and key managerial personnel
[LineItems]
Name of directors and key managerial JAI PRAKASH SHAKUNTALA ANAND KUMAR S U B I R
personnel SINGH SINGH SINGH CHAKRABARTI
17.00% 6.00% 0.00% 0.00%
period
Details of increase (decrease) in directors
and key managerial personnel shareholding BONUS ISSUE 1:1 BONUS ISSUE 1:1 BONUS ISSUE 1:1
during year [TextBlock]
Details of shareholding pattern of directors and key managerial personnel [Table] ..(2)
Directors and key managerial personnel [Axis] E F G H
Shareholding at Shareholding at Shareholding at Shareholding at
Change in shareholding [Axis] beginning of year beginning of year beginning of year beginning of year
01/04/2018 01/04/2018 01/04/2018 01/04/2018
to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019
Total number of shares held at end of period [shares] 0 [shares] 0 [shares] 0 [shares] 0
Increase decrease in shareholding during year [shares] 0 [shares] 0 [shares] 0 [shares] 0
0.00% 0.00% 0.00% 0.00%
period
Details of shareholding pattern of directors
and key managerial personnel [Abstract]
Details of shareholding pattern of
directors and key managerial personnel
[LineItems]
Name of directors and key managerial PALLAB RATHIN KUMAR RAJNEESH
MOHIT BARASIA
personnel SAMAJDAR RAY MISHRA
0.00% 0.00% 0.00% 0.00%
period
4
Details of shareholding pattern [Table] ..(1)

Shareholders Promoters Individual/HUF
Shareholding pattern [Axis] Indian [Member]
[Member] [Member] [Member]
01/04/2018 01/04/2018 01/04/2018 01/04/2018
to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019
Details of shareholding pattern [Abstract]
Details of shareholding pattern [LineItems]
Number of demat shares held at end of period [shares] 90,92,120 [shares] 90,73,120 [shares] 90,73,120 [shares] 25,37,400
Number of physical shares held end of period [shares] 0 [shares] 0 [shares] 0 [shares] 0
Total number of shares held at end of period [shares] 90,92,120 [shares] 90,73,120 [shares] 90,73,120 [shares] 25,37,400
Percentage of change in shares held during year 0.00% 0.00% 0.00% 0.00%
100.00% 100.00% 100.00% 28.00%
period
100.00% 100.00% 100.00% 28.00%
period

Corporate bodies Public shareholding Non institutions Individuals
Shareholding pattern [Axis]
01/04/2018 01/04/2018 01/04/2018 01/04/2018
to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019
Number of demat shares held at end of period [shares] 65,35,720 [shares] 19,000 [shares] 19,000 [shares] 19,000
Number of physical shares held end of period [shares] 0 [shares] 0 [shares] 0 [shares] 0
Total number of shares held at end of period [shares] 65,35,720 [shares] 19,000 [shares] 19,000 [shares] 19,000
72.00% 0.00% 0.00% 0.00%
period
72.00% 0.00% 0.00% 0.00%
period
5

Individual Individual
shareholders shareholders
holding nominal holding nominal
Shareholding pattern [Axis]
share capital upto share capital in
rupees one lakh excess of rupees one
[Member] lakh [Member]
01/04/2018 01/04/2018
to to
31/03/2019 31/03/2019
Number of demat shares held at end of period [shares] 0 [shares] 19,000
Number of physical shares held end of period [shares] 0 [shares] 0
Total number of shares held at end of period [shares] 0 [shares] 19,000
Percentage of total shares held at end of period 0.00% 0.00%
Percentage of change in shares held during year 0.00% 0.00%
Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Product/service 1 Product/service 2 Product/service 3
Principal business activities of company [Axis]
[Member] [Member] [Member]
01/04/2018 01/04/2018 01/04/2018
to to to
31/03/2019 31/03/2019 31/03/2019
Details of principal business activities contributing 10% or more
of total turnover of company [Abstract]
Details of principal business activities contributing 10% or
more of total turnover of company [LineItems]
PLYWOOD,
FLUSH DOOR,
Name of main product/service SAWN TIMBER
BLOACK BOARD
LOGS TRADING
& VENEER
PLYWOOD,
FLUSH DOOR,
Description of main product/service SAWN TIMBER
BLOACK BOARD
LOGS TRADING
& VENEER
NIC code of product/service 2010 20211/20212 2006
Percentage to total turnover of company 20.00% 66.00% 12.00%
6
Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Material contracts/arrangements/transactions at arm's length basis
R1 R2 R3 R4
[Axis]
01/04/2018 01/04/2018 01/04/2018 01/04/2018
to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019
SHREE KRISHNA
JAI PRAKASH SHAKUNTALA
Name of related party SINGH SINGH
SHRISTI SINGH TIMBER CO
PRIVATE LIMITED
Private company in
Key managerial Key managerial which a director or
Director or his
Nature of related party relationship relative
personnel or his personnel or his manager or his
relative relative relative is a member
or director
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
length basis [LineItems]
SHREE KRISHNA
JAI PRAKASH SHAKUNTALA
Name of related party SINGH SINGH
SHRISTI SINGH
TIMBER CO
PRIVATE LIMITED
Private company in
Key managerial Key managerial which a director or
Director or his
Nature of related party relationship relative
personnel or his personnel or his manager or his
relative relative relative is a member
or director
Description of nature of material SECURITY
REMUNERATION, DEPOSIT, RENT, SALE,
contracts/arrangements/transactions with SALE, RENT PAID
REMUNERATION
ADVANCE RENT, LEASE RENT
related party RENT PAID, SALE
RELATED PARTY RELATED PARTY RELATED PARTY RELATED PARTY
Duration of material TRANSACTION TRANSACTION TRANSACTION TRANSACTION
contracts/arrangements/transactions with REGULARLY REGULARLY REGULARLY REGULARLY
related party PLACED BEFORE PLACED BEFORE PLACED BEFORE PLACED BEFORE
THE BOARD THE BOARD THE BOARD THE BOARD
7

Material contracts/arrangements/transactions at arm's length basis
R5 R6 R7 R8
[Axis]
01/04/2018 01/04/2018 01/04/2018 01/04/2018
to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019
LAPTOP SILVERTOSS
ANAND KUMAR SINGH SUPPLIERS
Name of related party SINGH
VYAPAAR
PRIVATE LIMITED
INDUSTRIES PVT
PRIVATE LIMITED LTD
Private company in Private company in Private company in
Key managerial which a director or which a director or which a director or
Nature of related party relationship personnel or his manager or his manager or his manager or his
relative relative is a member relative is a member relative is a member
or director or director or director
Details of material
length basis [Abstract]
Details of material
length basis [LineItems]
LAPTOP SILVERTOSS
ANAND KUMAR SINGH SUPPLIERS
Name of related party SINGH
VYAPAAR
PRIVATE LIMITED
INDUSTRIES PVT
PRIVATE LIMITED LTD
Private company in Private company in Private company in
Key managerial which a director or which a director or which a director or
Nature of related party relationship personnel or his manager or his manager or his manager or his
relative relative is a member relative is a member relative is a member
or director or director or director
Description of nature of material
CORPORATE CORPORATE
contracts/arrangements/transactions with ADVANCE
GUARANTEE GUARANTEE
RENT, SALE,
related party
RELATED PARTY RELATED PARTY RELATED PARTY RELATED PARTY
Duration of material TRANSACTION TRANSACTION TRANSACTION TRANSACTION
contracts/arrangements/transactions with REGULARLY REGULARLY REGULARLY REGULARLY
related party PLACED BEFORE PLACED BEFORE PLACED BEFORE PLACED BEFORE
THE BOARD THE BOARD THE BOARD THE BOARD

Material contracts/arrangements/transactions at arm's length basis [Axis] R9
01/04/2018
to
31/03/2019
Name of related party PRITHVI SINGH
Key managerial
Nature of related party relationship personnel or his
relative
Details of material contracts/arrangements/transactions at arm's length basis [Abstract]
Details of material contracts/arrangements/transactions at arm's length basis [LineItems]
Name of related party PRITHVI SINGH
Key managerial
Nature of related party relationship personnel or his
relative
INTEREST ON
Description of nature of material contracts/arrangements/transactions with related party LOAN
RELATED PARTY
TRANSACTION
Duration of material contracts/arrangements/transactions with related party REGULARLY
PLACED BEFORE
THE BOARD
8
Details of shareholding of promoters [Table] ..(1)

Promoters [Axis] A B C D
01/04/2018 01/04/2018 01/04/2018 01/04/2018
to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019
Total number of shares held at end of period [shares] 15,23,400 [shares] 5,46,400 [shares] 1,30,000 [shares] 40,000
Details of shareholding of promoters [Abstract]
Details of shareholding of promoters [LineItems]
JAI PRAKASH SHAKUNTALA ANAND KUMAR
Shareholder’s name SINGH SINGH
KALYANI SINGH
SINGH
Percentage of shares pledged/encumbered
0.00% 0.00% 0.00% 0.00%
to total shares at end of period
17.00% 6.00% 1.00% 0.00%
period
17.00% 6.00% 1.00% 0.00%
period

Promoters [Axis] E F G H
01/04/2018 01/04/2018 01/04/2018 01/04/2018
to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019
Total number of shares held at end of period [shares] 49,000 [shares] 1,04,600 [shares] 1,44,000 [shares] 38,26,920
JAI PRAKASH ANAND KUMAR
SINGH - KARTA SINGH - KARTA SINGH SUPPLIERS
Shareholder’s name PRITHVI SINGH
(JAI PRAKASH (ANAND KUMAR PRIVATE LIMITED
SINGH HUF) SINGH HUF)
Percentage of shares pledged/encumbered
0.00% 0.00% 0.00% 0.00%
to total shares at end of period
1.00% 1.00% 2.00% 42.00%
period
1.00% 1.00% 2.00% 42.00%
period
9

Promoters [Axis] J K
01/04/2018 01/04/2018
to to
31/03/2019 31/03/2019
Total number of shares held at end of period [shares] 3,21,000 [shares] 23,87,800
LAPTOP
SYLVAN VINCOM
VYAPAAR
Shareholder’s name PRIVATE
PRIVATE
LIMITED
LIMITED
Percentage of shares pledged/encumbered to total shares at end of period 0.00% 0.00%
Details of indebtedness of company [Table] ..(1)

Secured loans excluding deposits
Indebtedness [Axis] Indebtedness [Member]
[Member]
01/04/2018 01/04/2018
to 31/03/2018 to 31/03/2018
31/03/2019 31/03/2019
Details of indebtedness of company [Abstract]
Details of indebtedness of company [LineItems]
Changes in indebtedness [Abstract]
Addition in indebtedness 5,86,14,013 5,86,14,013
Reduction in indebtedness 1,90,42,274 1,90,42,274
Total changes in indebtedness 3,95,71,739 3,95,71,739
Principal amount at end of financial year 36,71,85,694 32,76,13,955 36,71,85,694 32,76,13,955
Interest due but not paid at end of financial
0 0 0 0
year
Interest accrued but not due at end of
0 0 0 0
financial year
Total indebtedness at end of financial year 36,71,85,694 32,76,13,955 36,71,85,694 32,76,13,955
10

01/04/2018
to
31/03/2019
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
As mentioned in the
Description of state of companies affair annexed Directors'
Report.
The Board of Directors of
your company has decided
Disclosure relating to amounts if any which is proposed to carry to any
not to transfer any amount
reserves to the Reserves for the
year under review.
The Board of Directors of
your company, after
considering
holistically the
Disclosures relating to amount recommended to be paid as dividend relevant circumstances,
has decided that it would
be prudent, not to
recommend any Dividend
for the year under review.
Details regarding energy conservation [See below]
Details regarding technology absorption [See below]
I. Foreign Exchange
earnings in terms of
actual inflows was
Details regarding foreign exchange earnings and outgo Nil. II. Foreign
Exchange outgo in terms
of actual outflows was USD
1,74,49,061 EURO 22,243
Disclosures in director’s responsibility statement [See below]
Details of material changes and commitment occurred during period Textual information (5)
affecting financial position of company [See below]
Particulars of loans guarantee investment under section 186 [TextBlock] [See below]
Particulars of contracts/arrangements with related parties under section Textual information (7)
188(1) [TextBlock] [See below]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Whether there are material contracts/arrangements/transactions at
Yes
arm's length basis
Details of statement indicating manner in which formal
annual evaluation made by board of its performance and of its NA
committees and individual directors [TextBlock]
Date of board of directors' meeting in which board's report referred
21/05/2019
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3) Textual information (8)
[TextBlock] [See below]
Details of change in promoters shareholding [TextBlock]
Details of shareholding pattern of directors and key managerial
personnel [TextBlock]
Disclosure of statement on declaration given by independent directors Textual information (9)
under section 149(6) [TextBlock] [See below]
Disclosure for companies covered under section 178(1) on
directors appointment and remuneration including other matters
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk Textual information (10)
management policy [TextBlock] [See below]
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year [See below]
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
A s
Disclosure of financial summary or highlights [TextBlock] mentioned in the annexed
Directors' Report.
A s
Disclosure of change in nature of business [TextBlock] mentioned in the annexed
Directors' Report.
11
Details of directors or key managerial personnels who were Textual information (12)
appointed or have resigned during year [TextBlock] [See below]
T h e
Disclosure of companies which have become or ceased to be its Company has no
Subsidiary, Joint
subsidiaries, joint ventures or associate companies during Venture & Associates
year [TextBlock] Companies as on 31st March
2019
Details relating to deposits covered under chapter v of companies act Textual information (13)
Details of deposits which are not in compliance with requirements

NA
of chapter v of act [TextBlock]
Details of significant and material orders passed by
regulators or courts or tribunals impacting going concern [See below]
status and company’s operations in future [TextBlock]
Details regarding adequacy of internal financial controls with Textual information (15)
reference to financial statements [TextBlock] [See below]
Disclosure of appointment and remuneration of managerial personnels Textual information (16)
Details of comparison of remuneration of key managerial personnels

NA
against performance of company [TextBlock]
Details of variations in market capitalisation of company [TextBlock] NA
Details of average percentile increase in salaries

of employees other than managerial personnels in last
NA
financial year and its comparison with percentile
increase in managerial remuneration [TextBlock]
Disclosure of details of establishment of vigil mechanism [TextBlock] [See below]
Number of meetings of board 14
12
Disclosure in board of directors report explanatory [Text Block]

DIRECTORS REPORT
TO
THE MEMBERS OF
SYLVAN PLYBOARD (INDIA) LIMITED
The Directors are pleased to present the Seventeenth Annual Report of the Company together with the audited financial statements for the year
ended March 31, 2019
01. FINANCIAL PERFORMANCE
The Company's financial performance for the year ended 31st March, 2019 is summarised below:
Particulars Financial Year Ended
Standalone
31st March 2019 31st March 2018
Revenue from Operations 2,388,522,764 2,347,534,464
Other Income 10,710,421 18,067,322
Total Income 2,399,233,185 2,365,601,786
Profit/loss before Depreciation, Finance Costs, Tax & Extraordinary items 195,617,229 132,829,221
Less: Depreciation / Amortisation / Impairment 22,705,105 22,998,947
Profit/loss before Finance Costs, Tax & Extraordinary items 172,912,124 109,830,274
13
Less: Finance Costs 70,980,527 57,231,226
Profit/loss before Tax & Extraordinary items 101,931,597 52,599,048
Add/(less): Extraordinary items (41,310,897) 6,958,745
Profit/loss before Tax (PBT) 60,620,700 59,557,793
Less: Tax Expense (Current & Deferred) 17,095,619 19,459,996
Profit/loss after tax (PAT) 43,525,081 40,097,797
02. COMPANY'S PERFORMANCE:
During the year under review, your Company posted a stable performance with revenue of ` 2,38,85,22,764/- as against ` 2,34,75,34,464/- in the
previous year. Profit for the year 2018-19 was increased to ` 4,35,25,081/- as against ` 4,00,97,797/- in the previous year.
However the Management looks forward for earning profit and better performance in future.
03. SUBSIDIARIES, JOINT VENTURE AND ASSOCIATE COMPANIES:
The Company has no Subsidiary, Joint Venture & Associates Companies as on 31st March 2019.
04. TRANSFER TO RESERVE:
The Board of Directors of your company has decided not to transfer any amount to the Reserves for the year under review.
05. DIVIDEND:
The Board of Directors of your company, after considering holistically the relevant circumstances, has decided that it would be prudent, not to
recommend any Dividend for the year under review.
14
06. DEPOSITS:
The Company has not accepted any deposits falling under the ambit of Section 73 of the Companies Act, 2013 (hereinafter referred to as "The
Act") and the Rules framed thereunder during the year under review.
07. MEETING OF THE BOARD
During the year under review, 14 (Fourteen) Board Meetings were held on 12th April 2018, 10th May 2018, 11th May 2018, 15th May 2018,
21st May 2018, 25th May 2018, 31st May 2018, 01st June 2018, 16th June 2018, 20th June 2018, 10th July 2018, 27th August 2018, 10th
October 2018 & 01st February 2019 and the gap between two meetings was within the limits prescribed under Companies Act 2013.
08. DIRECTOR'S RESPONSIBILITY STATEMENT:-
As required under Section 134(5) of the Companies Act, 2013, your Directors confirm that they have:
in the preparation of annual accounts for the year ended 31st March 2019, the applicable accounting standards have been followed along with
proper explanation relating to material departures, if any;
selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a
true and fair view of the state of affairs of the company at the end of financial year and the profit and loss of the company for that period;
taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act 2013
for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;
prepared the annual accounts on a going concern basis;
devised proper system to ensure compliance with the provisions of all applicable laws and that such system were adequate and operating
effectively;
09. SHARE CAPITAL
15
Buy Back of Securities - The Company has not bought back any of its securities during the year under review. Sweat Equity - The Company has
not issued any Sweat Equity Shares during the year under review. Bonus Shares - During the year Company has issued 45,46,060 Bonus Share
having Face Value of ` 10/- each Employees Stock Option - The Company has not provided any Stock Option Scheme to the employees.
10. CAPITAL STRUCTURE:
10.1 Increase in Authorised Share Capital
During the year under review the Company has increase Authorized Share Capital from ` 4,70,00,000 (Rupees Four Crore Seventy Lakhs Only)
divided into 47,00,000 (Forty Seven Lakhs) equity share of Rs. 10/- each to ` 13,50,00,000 (Rupees Thirteen Crore Fifty Lakhs Only) divided
into 1,35,00,000 (One Crore Thirty Five Lakhs) equity shares of Rs 10/- each by passing an ordinary resolution at the Extra-Ordinary General
Meeting of the Members of the Company which was held on May 05, 2018.
10.2 Allotment of Shares under Bonus Issue:
The Company has allotted 45,46,060 Equity Shares of ` 10 each during the year under review as Bonus share in the ratio of 1:1 Equity Shares of `
10 each for every 1 Equity shares of ` 10 each held by the existing Shareholders of the Company
The Paid up share capital of the company at the end of financial year ended 31st March, 2019, was ` 9,09,21,200/- (Rupees Nine Crore Nine
Lakhs Twenty One Thousand Two Hundred Only) divided into 90,92,120 (Ninety Lakhs Ninety Two Thousand One Hundred Twenty) Equity
shares of ` 10/- each.
All Equity Shares of the Company ranks pari-passu in all respect.
The Company has not allotted any Preference Shares/ Debentures.
11. DIRECTORS & KEY MANAGERIAL PERSONNEL
Based on the confirmations received from Directors, none of the Directors are disqualified from appointment under Section 164 of the Companies
Act 2013. The Directors of the Company have made necessary disclosures as required under various provisions of the Companies Act.
16
11.1 Independent Directors:
The Board of Directors has appointed Sri Rathin Kumar Ray (DIN: 08139761), Sri Subir Chakrabarti (DIN: 08139749) & Sri Pallab Samajdar
(DIN: 08157892) as Additional Directors in the Independent Category with effect from June 16, 2018 respectively. Their appointments were
regularized / approved by the shareholders in their Extra Ordinary General Meeting which was held on June 25, 2018 and their appointments as
Independent Directors of the Company commence from June 25, 2018 for a period of 5 (Five) years.
11.2 Declaration given by Independent Director under sub-section (6) of Section 149:
Declarations have been received from each of the Independent Directors under Section 149(7) of the Companies Act, 2013 that they meets the
criteria of independence laid down in Section 149(6) of the Companies Act, 2013.
11.3 Non Independent Directors:
The Shareholders, at their Extra Ordinary General Meeting held on May 05, 2018 approved the appointment of Mr. Anand Kumar Singh (DIN:
00651384) as the Managing Director of the Company for a period of 5 (five) years and re designated the position of Mr. Jai Prakash Singh (DIN:
00655886) as the Chairman cum Whole Time Director & Mrs. Shakuntala Singh (DIN: 00656073) as the Executive Director of the Company for
a period of 5 (Five) years respectively w.e.f May 05, 2018.
11.4 Directors retire by rotation
Pursuant to the provisions of Section 152(6)(c) of the Companies Act, 2013 Mrs. Shakuntala Singh (DIN: 00656073), Director of the Company
retires by rotation at the ensuing Annual General Meeting and being eligible, has offered herself to be reappointed as Director of the Company.
The Board recommends the re-appointment of Mrs. Shakuntala Singh (DIN: 00656073) as Director of the Company liable to retire by rotation.
12. DISCLOSURES FOR COMPANIES COVERED UNDER SECTION 178 (1) ON DIRECTORS APPOINTMENT AND REMUNERATION
INCLUDING OTHER MATTERS PROVIDED UNDER 178(3)
17
In compliance with Section 177 & 178 of Companies Act 2013 and as required under Rule 6 of Companies (Meeting of Board and its Powers)
Rules, 2014 and Rule 4 of Companies (Appointment and Qualification of Directors Rules, 2014, The Board has constituted following Committees
of Directors and policies to deal with matters and monitor activities falling within the respective terms of reference:-
ï¿½ Audit Committee
ï¿½ Nomination and Remuneration Committee
ï¿½ Stakeholders Relationship Committee
13. DEMATERIALISATION OF SHARES
During the year under review, the company has entered into Tripartite Agreement with both the Depositories, National Securities Depository
Limited and Central Depository Services (India) Limited for providing Demat Facility to its Shareholders. For the purpose, the Company has
appointed M/s. Bigshare Services Pvt. Ltd. as a Registrar and Transfer Agent.
14. ADOPTION OF NEW SETS OF MEMORANDUM OF ASSOCIATION AND ARTICLE OF ASSOCIATION OF THE COMPANY IN
ALIGNMENT WITH COMPANIES ACT 2013
The Company has adopted new sets of Memorandum of Association & Article of Association of the Company with the consent of the members of
the Company in their Extra Ordinary General Meeting held on May 05, 2018 by way of special resolution.
15. CONVERSION OF COMPANY FROM PRIVATE LTD TO PUBLIC LTD:
During the year under review, the company has converted its status from "Private Limited" to "Public Limited" and in respect of which fresh
certificate of incorporation to that effect has been issued by the Registrar of Companies, Kolkata, West Bengal, dated 19th June, 2018.
Consequent upon conversion from Pvt Ltd to Public Ltd, the name of the company has been changed from Sylvan Plyboard (India) Private
Limited to Sylvan Plyboard (India) Limited.
16. MATERIAL CHANGES AND COMMITMENTS IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY OCCURRED
BETWEEN DATE OF BOARD'S REPORT AND END OF FINANCIAL YEAR TO WHICH THIS FINANCIAL STATEMENTS RELATES:
18
There have been no material changes and commitments, which affect the financial position of the company which have occurred between the end
of the financial year to which the financial statements relate and the date of this Report.
17. ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO FINANCIAL STATEMENTS:
The Company has in place adequate internal financial controls with reference to financial statements. During the year under review, such controls
were tested and no reportable material weakness in the design or operation was observed.
18. SIGNIFICANT AND MATERIAL ORDERS PASSED BY ANY REGULATOR, COURT, TRIBUNAL, STATUTORY AND
QUASI-JUDICIAL BODY IMPACTING THE GOING CONCERN STATUS OF THE COMPANY AND ITS FUTURE OPERATIONS:-
There are no significant and material orders issued against the Company by any regulating authority or court or tribunal affecting the going
concern status and company's operation in future.
19. PARTICULARS OF CONTRACTS OR ARRANGMENTS MADE WITH RELATED PARTIES UNDER SECTION 188:-
In terms of provisions of Section 188 of the Companies Act, 2013, your Company has formulated a Policy on materiality of and dealing with
Related Party Transactions. The Policy intends to regulate transactions between the Company and its Related Parties based on the applicable laws
and regulations and also lays down mechanism for identification, approval, review and reporting of such transactions. All Related Party
Transactions are placed before the Audit Committee for review and approval. All contracts and arrangements with related parties, entered into or
modified during the financial year, were in the ordinary course of business and on an arm's length basis and in compliance with the applicable
provisions of the Companies Act, 2013. During the year, the Company had not entered into any contract/ arrangement / transaction with related
parties which could be considered material in terms of the Company's Policy on Materiality of and dealing with Related Party Transactions.
Accordingly, the disclosure of Related Party Transactions as required under Section 134(3)(h) of the Companies Act, 2013 read with Rule 8 of the
Companies (Accounts) Rules, 2014 in Form AOC-2 is not applicable.
There are no materially significant transactions with related party which may have a potential conflict with the interest of the Company at
large.
20. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENT MADE UNDER SECTION 186 OF THE COMPANIES ACT, 2013:
There were no loans given, guarantee given, investment made by the company under section 186 of the companies act, 2013, during the financial
year and hence the said provisions are not applicable.
19
21. STATEMENTS CONCERNING DEVELOPMENT AND IMPLEMENTATION OF THE RISK MANAGEMENT POLICY OF THE
COMPANY:
Risk Management is an attempt to identify and then manage threats that could severely impact or bring down the organisation. Generally, this
involves reviewing operations of the organisation, identifying potential threats, likelihood of their occurrence, value impact thereof and then
taking appropriate actions to address the most likely threats. The Board of Directors of your Company has framed and adopted a policy on Risk
Management to minimise the adverse consequence of risks on business objectives of the Company. The Board is kept informed about the risk
assessment and minimization procedures. Major risks identified by the businesses and functions are systematically addressed through mitigating
actions on a continuing basis.
22. STATUTORY AUDITORS:
The Board of Directors of the Company on recommendation of Audit Committee has appointed M/s Vidya & Co., Chartered Accountants,
Kolkata as the Statutory Auditors to fill the casual vacancy caused due to resignation of the existing auditors M/s M. Raghunath & Co. subject to
the shareholders approval in the ensuing annual general meeting of the company.
In terms of provisions of section 139 of the Companies Act, 2013, M/s. Vidya & Co., Chartered Accountants have furnished a certificate that their
appointment, if made, will be within the limits prescribed under the said section of the Act and as required under Regulation 33 of the Securities
and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Statutory Auditors have also confirmed
that they hold a valid certificate issued by the Peer Review Board of the Institute of Chartered Accountants of India.
There are no qualifications, reservations or adverse remarks made by the statutory auditors in their audit reports on the financial statements for the
year ended March 31, 2019
23. ANNUAL RETURN:
The Extract of Annual Return pursuant to provisions of section 92 read with rule 12 of the Companies (Management & Administration) Rules,
2014 in form No. MGT-9 is enclosed herewith in Annexure A.
24. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNING AND OUTGO:
20
The information pertaining to conservation of energy, technology absorption, foreign exchange earnings and outgo as required under section
134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies Act,2013 read with Rule 8(3) of the Companies(Accounts) Rules,
2014 are:-
CONSERVATION OF ENERGY:-The Company has taken necessary steps for conservation of Energy; The Company has taken steps to utilize
alternate source of energy; The Company has not made any capital investment on conservation equipments.
TECHNOLOGY ABSORPTION:-The Company has acquired new technology and upgraded its technology for the benefits like product
development and improvement, cost reduction etc. The Company has not incurred any amount towards research and development.
FOREIGN EXCHANGE EARNINGS AND OUTGO:-Foreign Exchange earnings in terms of actual inflows was Nil Foreign Exchange outgo in
terms of actual outflows wasUSD 1,74,49,061
EURO 22,243
25. DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILITY
INITIATIVES:-
During the year, the company has not developed and implemented any corporate social responsibility initiatives as the provisions of section 135
of Companies Act, 2013 were not applicable to the company.
26. COST AUDITORS:
The provisions of Section 148 of the Companies Act, 2013 does not apply to the Company and hence, no cost auditors are appointed
27. VIGIL MECHANISM
Pursuant to Provisions of Section 177(9) of the Companies Act,2013 read with Rule 7 of the companies (Meeting of Board and its Powers) Rules,
2014 the Board of Directors had approved the policy on Vigil Mechanism/Whistle Blower Policy. Through this policy Directors, Employees or
business associates may report the unethical behavior, malpractices, wrongful conduct, frauds, violations of the company's code etc. to the
chairman of Audit Committee.
28. COMPLIANCE WITH SECRETARIAL STANDARDS ON BOARD AND ANNUAL GENERAL MEETINGS:
21
The Company has complied with Secretarial Standards issued by the Institute of Company Secretaries of India on Board meetings and General
Meetings.
29. HUMAN RESOURCES DEVELOPMENT
The Human Resource is important asset of the Company. For growth of employees, Company organizes training sessions, various other programs
to boost the morale of employees and appreciate them from time to time for their performance. Management communicates with employees on
regular basis through various modes. The Company has maintained cordial relationship with the employees. The focus of the Company has been
to leverage digital imagination to bring growth and efficiency of business models, products and services, business processes as well as the
workplace. This helps deliver a superior experience to every key stakeholder, viz. customers, employees, investors and the community.
30. PARTICULARS OF EMPLOYEES AS REQUIRED UNDER RULE 5(2) OF THE COMPANIES (APPOINTMENT AND
REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014
Being unlisted Company, provisions of Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are not
applicable to your Company.
31. ACKNOWLEDGEMENT:
Your Directors place on record their sincere thanks to bankers, business associates, consultants, and various Government Authorities for their
continued support extended to your Companies activities during the year under review. Your Directors also acknowledges gratefully the
shareholders for their support and confidence reposed on your Company.
For and on Behalf of the Board For and on Behalf of the Board
Sylvan Plyboard (India) Limited Sylvan Plyboard (India) Limited
Jai Prakash Singh Anand Kumar Singh
Chairman & Whole Time Director Managing Director
22
DIN: 00655886 DIN: 00651384
Date: 21/05/2019
Place: Kolkata
Details regarding energy conservation

CONSERVATION OF ENERGY:- I. The Company has taken necessary steps for conservation of Energy; II. The Company has taken steps to
utilize alternate source of energy; III. The Company has not made any capital investment on conservation equipments.
Details regarding technology absorption

TECHNOLOGY ABSORPTION:- I. The Company has acquired new technology and upgraded its technology for the benefits like product
development and improvement, cost reduction etc. II. The Company has not incurred any amount towards research and development.
Disclosures in director’s responsibility statement

As required under Section 134(5) of the Companies Act, 2013, your Directors confirm that they have: a. in the preparation of annual accounts for
the year ended 31st March 2019, the applicable accounting standards have been followed along with proper explanation relating to material
departures, if any; b. selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the company at the end of financial year and the profit and loss of the company
for that period; c. taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the
Companies Act 2013 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities; d. prepared the
annual accounts on a going concern basis; e. devised proper system to ensure compliance with the provisions of all applicable laws and that such
system were adequate and operating effectively;
Details of material changes and commitment occurred during period affecting financial position of company
There have been no material changes and commitments, which affect the financial position of the company which have occurred between the end
of the financial year to which the financial statements relate and the date of this Report.
Particulars of loans guarantee investment under section 186 [Text Block]

There were no loans given, guarantee given, investment made by the company under section 186 of the companies act, 2013, during the financial
year and hence the said provisions are not applicable.
23
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
In terms of provisions of Section 188 of the Companies Act, 2013, your Company has formulated a Policy on materiality of and dealing with
Related Party Transactions. The Policy intends to regulate transactions between the Company and its Related Parties based on the applicable laws
and regulations and also lays down mechanism for identification, approval, review and reporting of such transactions. All Related Party
Transactions are placed before the Audit Committee for review and approval. All contracts and arrangements with related parties, entered into or
modified during the financial year, were in the ordinary course of business and on an arm's length basis and in compliance with the applicable
provisions of the Companies Act, 2013. During the year, the Company had not entered into any contract/ arrangement / transaction with related
parties which could be considered material in terms of the Company's Policy on Materiality of and dealing with Related Party Transactions.
Accordingly, the disclosure of Related Party Transactions as required under Section 134(3)(h) of the Companies Act, 2013 read with Rule 8 of the
Companies (Accounts) Rules, 2014 in Form AOC-2 is not applicable.
There are no materially significant transactions with related party which may have a potential conflict with the interest of the Company at large.
24
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
FORM NO. MGT 9
EXTRACT OF ANNUAL RETURN
As on the Financial year ended 31st

March, 2019
Pursuant to Section 92 (3) of the

Companies Act, 2013 and rule 12(1) of
the Company (Management &
Administration ) Rules, 2014.
REGISTRATION & OTHER

I
DETAILS:
i CIN U51431WB2002PLC095027
ii Registration Date 20-08-02
SYLVAN PLYBOARD
iii Name of the Company
(INDIA) LIMITED
iv Category of the Company Public Limited
Address of the Registered

v
office & contact details
41, B.B. Ganguly Street, 4th

Address :
Floor, Central Plaza,
Town / City : Kolkata - 700012
State : West Bengal
Country Name : India
Telephone (with STD Code) : 033-22691300 / 22117418
25
Fax Number : 033-22735182
Email Address : cs@sylvanply.com
Website, if any: www.sylvanply.com
vi Whether listed company No
Name and Address of Registrar

vii
& Transfer Agents ( RTA ):-
Name of RTA: Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works

Building, Opp. Vasant Oasis,
Address :
Makwana Road, Marol, Andheri
(East)
Town / City : Mumbai
State : Maharashtra
Pin Code: 400059
Telephone : 022-62638200
Fax Number : 022-62638299
Email Address : info@bigshareonline.com
Manufacturing
PRINCIPAL BUSINESS
of Plywood
II. ACTIVITY OF THE
and Sawn
COMPANY
Timber
All the business activities

contributing 10 % or more of
the total turnover
of the company shall be
stated:-
% to total
Name and Description of main NIC Code of the Product /
Sl. No. turnover of the
products / services service
company
1 SAWN TIMBER 2010 20.00
26
PLYWOOD, FLUSH DOOR,

2 20211/20212 66.00
BLOCK BOARD & VENEER
3 LOGS TRADING 2006 12.00
PARTICULARS OF
HOLDING, SUBSIDIARY
III.
AND ASSOCIATE
COMPANIES -
HOLDING/ % of
S. NAME AND ADDRESS OF Applicable
CIN/GLN SUBSIDIARY shares
No. THE COMPANY Section
/ASSOCIATE held
LAPTOP VYAPAAR PVT.

LTD., 5, NIMTALLA GHAT Holding
1 U51109WB2007PTC119992 26.26 Sec. 2(46)
STREET KOLKATA - Company
700006, W.B.
SHARE HOLDING
IV.
PATTERN
(Equity Share Capital

Breakup as
percentage of Total
Equity)
27
Category-wise Share
(i)
Holding
No. of Shares
No. of Shares held at
held at the end % Change
Category of the beginning of the
of the year during
Shareholders year
[As on the year
[As on 31-03-2018]
31-03-2019]
% of
% of Total
Demat Physical Total Demat Physical Total Total
Shares
Shares
A. Promoters
(1) Indian
a) Individual/ HUF - 1268700 1268700 27.91% 2537400 - 2537400 27.91% 0.00%
b) Central Govt - - - 0.00% - - - 0.00% 0.00%
c) State Govt(s) - - - 0.00% - - - 0.00% 0.00%
d) Bodies Corp. - 3267860 3267860 71.88% 6535720 - 6535720 71.88% 0.00%
e) Banks / FI - - - 0.00% - - - 0.00% 0.00%
f) Any other - - - 0.00% - - - 0.00% 0.00%
Sub Total (A) (1) - 4536560 4536560 99.79% 9073120 - 9073120 99.79% 0.00%
(2) Foreign
a) NRI Individuals - - - 0.00% - - - 0.00% 0.00%
b) Other Individuals - - - 0.00% - - - 0.00% 0.00%
c) Bodies Corp. - - - 0.00% - - - 0.00% 0.00%
d) Any Others - - - 0.00% - - - 0.00% 0.00%
Sub Total (A) (2) - - - 0.00% - - - 0.00% 0.00%
28
Total (A) - 4536560 4536560 99.79% 9073120 - 9073120 99.79% 0.00%
B. Public
Shareholding
1. Institutions
a) Mutual Funds - - - 0.00% - - - 0.00% 0.00%
b) Banks / FI - - - 0.00% - - - 0.00% 0.00%
c) Central Govt - - - 0.00% - - - 0.00% 0.00%
d) State Govt(s) - - - 0.00% - - - 0.00% 0.00%
e) Venture Capital
- - - 0.00% - - - 0.00% 0.00%
Funds
f) Insurance
- - - 0.00% - - - 0.00% 0.00%
Companies
g) FIIs - - - 0.00% - - - 0.00% 0.00%
h) Foreign Venture
- - - 0.00% - - - 0.00% 0.00%
Capital Funds
i) Others (specify) - - - 0.00% - - - 0.00% 0.00%
Sub-total (B)(1):- - - - 0.00% - - - 0.00% 0.00%
2. Non-Institutions
a) Bodies Corp.
i) Indian - - - 0.00% - - - 0.00% 0.00%
ii) Overseas - - - 0.00% - - - 0.00% 0.00%
b) Individuals - 0.00% - 0.00% 0.00%
i) Individual
shareholders holding
- 9500 9500 0.21% - - - 0.00% -0.21%
nominal share capital
upto Rs. 1 lakh
29
ii) Individual
shareholders holding
- - - 0.00% 19000 - 19000 0.21% 0.21%
nominal share capital
in excess of Rs 1 lakh
c) Others (specify) - - - 0.00% - - - 0.00% 0.00%
Non Resident Indians - - - 0.00% - - - 0.00% 0.00%
Overseas Corporate
- - - 0.00% - - - 0.00% 0.00%
Bodies
Foreign Nationals - - - 0.00% - - - 0.00% 0.00%
Hindu Undivided
- - - 0.00% - - - 0.00% 0.00%
Families
Trusts - - - 0.00% - - - 0.00% 0.00%
Foreign Bodies- DR - - - 0.00% - - - 0.00% 0.00%
Sub-total (B)(2):- - 9500 9500 0.21% 19000 - 19000 0.21% 0.00%
Total (B) - 9500 9500 0.21% 19000 - 19000 0.21% 0.00%
C. Shares held by
Custodian for GDRs - - - 0.00% - - - 0.00% 0.00%
& ADRs
Grand Total
- 4546060 4546060 100.00% 9092120 - 9092120 100.00% 0.00%
(A+B+C)
Shareholding of
(ii)
Promoters
% change
Shareholding at Share holding
in share
Sl the beginning of at the end of
Shareholder's Name holding
No. the year as on the year as on
during the
31.03.2018 31.03.2019
year
% of Shares % of Shares
Pledged / % of total Pledged /
No. of Shares % of total Shares No. of Shares
encumbered to Shares encumbered
total shares to total shares
30
1 Sri. Jai Prakash 761700 16.76% - 1523400 16.76% - 0.00%

Singh
Smt. Shakuntala
2 273200 6.01% - 546400 6.01% - 0.00%
Singh
3 Smt. Kalyani Singh 65000 1.43% - 130000 1.43% - 0.00%
Sri. Anand Kumar

4 20000 0.44% - 40000 0.44% - 0.00%
Singh
5 Sri. Prithvi Singh 24500 0.54% - 49000 0.54% - 0.00%
Jai Prakash Singh

6 52300 1.15% - 104600 1.15% - 0.00%
(HUF)
Anand Kumar Singh

7 72000 1.58% - 144000 1.58% - 0.00%
(HUF)
M/s Singh Supplier

8 1913460 42.09% - 3826920 42.09% - 0.00%
Pvt. Ltd.
M/s Sylvan Vincom

9 160500 3.53% - 321000 3.53% - 0.00%
Pvt. Ltd.
M/s Laptop Vyapaar

10 1193900 26.26% - 2387800 26.26% - 0.00%
Pvt. Ltd.
TOTAL 4536560 99.79% 9073120 99.79% 0.00%
Change in Promoters'
Shareholding (please
(iii)
specify, if there is no
change)
Shareholding at Cumulative Reasons for

SL
Shareholder's Name the beginning of Shareholding increase /
No
the year during the year (decrease
% of total
31
No. of shares % of total shares No. of shares shares
JAI PRAKASH
1
SINGH
At the beginning of
761700 16.76%
the year
Date wise Increase /

(Decrease) in
Bonus
promoters 10-05-18 761700 16.76% 1523400 16.76%
Issue
shareholding during
the year
At the End of the

- - 1523400 16.76%
year
SHAKUNTALA
2
SINGH
At the beginning of
273200 6.01%
the year

(Decrease) in
Bonus
promoters 10-05-18 273200 6.01% 546400 6.01%
Issue
shareholding during
the year
At the End of the

- - 546400 6.01%
year
3 KALYANI SINGH
At the beginning of
65000 1.43%
the year

(Decrease) in
Bonus
promoters 10-05-18 65000 1.43% 130000 1.43%
Issue
shareholding during
the year
At the End of the

- - 130000 1.43%
year
ANAND KUMAR
4
SINGH
At the beginning of
32
the year 20000 0.44%

(Decrease) in
Bonus
promoters 10-05-18 20000 0.44% 40000 0.44%
Issue
shareholding during
the year
At the End of the

- - 40000 0.44%
year
5 PRITHVI SINGH
At the beginning of
24500 0.54%
the year

(Decrease) in
Bonus
promoters 10-05-18 24500 0.54% 49000 0.54%
Issue
shareholding during
the year
At the End of the

- - 49000 0.54%
year
JAI PRAKASH
6
SINGH (HUF)
At the beginning of
52300 1.15%
the year

(Decrease) in
Bonus
promoters 10-05-18 52300 1.15% 104600 1.15%
Issue
shareholding during
the year
At the End of the

- - 104600 1.15%
year
ANAND KUMAR
7
SINGH (HUF)
At the beginning of
72000 1.58%
the year

(Decrease) in
Bonus
promoters 10-05-18 72000 1.58% 144000 1.58%
Issue
shareholding during
the year
33
At the End of the

- - 144000 1.58%
year
M/s Singh Suppliers

8
Pvt Ltd
At the beginning of
1913460 42.09%
the year

(Decrease) in
Bonus
promoters 10-05-18 1913460 42.09% 3826920 42.09%
Issue
shareholding during
the year
At the End of the

- - 3826920 42.09%
year
M/s Sylvan Vincom

9
Pvt Ltd
At the beginning of
160500 3.53%
the year

(Decrease) in
Bonus
promoters 10-05-18 160500 3.53% 321000 3.53%
Issue
shareholding during
the year
At the End of the

- - 321000 3.53%
year
M/s Laptop Vyapaar

10
Pvt Ltd
At the beginning of
1193900 26.26%
the year

(Decrease) in
Bonus
promoters 10-05-18 1193900 26.26% 2387800 26.26%
Issue
shareholding during
the year
At the End of the

- - 2387800 26.26%
year
34
(iv) Shareholding Pattern

of top ten
Shareholders
(Other than
Directors, Promoters
and Holders of GDRs
and ADRs):
Shareholding at Cumulative Reasons for

SL For Each top ten
the beginning of Shareholding increase /
No Shareholder's Name
the year during the year (decrease
% of total
No. of shares % of total shares No. of shares
shares
1 ARCHANA SINGH
At the beginning of
9500 0.21%
the year

(Decrease) in
Bonus
promoters 10-05-18 9500 0.21% 19000 0.21%
Issue
shareholding during
the year
At the End of the

- - 19000 0.21%
year
Shareholding of
Directors and Key
(v)
Managerial
Personnel:
Shareholding of each
Shareholding at Shareholding at Reasons for
SL Directors and
the beginning of the end of the increase /
No each Key Managerial
the year year (decrease
Personnel
% of total
No. of shares % of total shares No. of shares
shares
JAI PRAKASH
1
SINGH
35
At the beginning of
761700 16.76%
the year

(Decrease) in Bonus
10-05-18 761700 16.76% 1523400 16.76%
shareholding during Issue
the year
At the End of the

- - 1523400 16.76%
year
SHAKUNTALA
2
SINGH
At the beginning of
273200 6.01%
the year

(Decrease) in Bonus
10-05-18 273200 6.01% 546400 6.01%
the year
At the End of the

- - 546400 6.01%
year
ANAND KUMAR
3
SINGH
At the beginning of
20000 0.44%
the year

(Decrease) in Bonus
10-05-18 20000 0.44% 40000 0.44%
the year
At the End of the

- - 40000 0.44%
year
SUBIR
4
CHAKRABARTI
At the beginning of
- 0.00%
the year

(Decrease) in
NO CHANGE - 0.00% - 0.00%
shareholding during
the year
36
At the End of the

- - - 0.00%
year
PALLAB
5
SAMAJDAR
At the beginning of
- 0.00%
the year

(Decrease) in
NO CHANGE - 0.00% - 0.00%
shareholding during
the year
At the End of the

- - - 0.00%
year
RATHIN KUMAR
6
RAY
At the beginning of
- 0.00%
the year

(Decrease) in
NO CHANGE - 0.00% - 0.00%
shareholding during
the year
At the End of the

- - - 0.00%
year
7 MOHIT BARASIA
At the beginning of
- 0.00%
the year

(Decrease) in
NO CHANGE - 0.00% - 0.00%
shareholding during
the year
At the End of the

- - - 0.00%
year
RAJNEESH
8
MISHRA
At the beginning of
37
the year - 0.00%

(Decrease) in
NO CHANGE - 0.00% - 0.00%
shareholding during
the year
At the End of the

- - - 0.00%
year
V. INDEBTEDNESS
Indebtedness of the Company including interest outstanding/accrued but not

due for payment
(Amount in
`)
Secured Loans excluding Unsecured Total

Particulars Deposits
deposits Loans Indebtness
Indebtedness at the beginning of the financial year
i) Principal Amount 327,613,955 - - 327,613,955
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) 327,613,955 - - 327,613,955
Change in Indebtedness during the financial year
* Addition 58,614,013 - - 58,614,013
* Reduction 19,042,274 - - -
Net Change 39,571,739 - - 58,614,013
Indebtedness at the end of the financial year
i) Principal Amount 367,185,694 - - 367,185,694
38
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) 367,185,694 - - 367,185,694
VI.
REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
A.
Remuneration to Managing Director, Whole-time Directors and/or Manager:
39
S. No.
Particulars of Remuneration
Name of MD/WTD/Manager
Total Amount
Jai Prakash Singh
Shakuntala Singh
Anand Kumar Singh
Gross salary
40
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961
3,600,000
2,400,000
1,320,000
7,320,000
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961
(c) Profits in lieu of salary under section 17(3) Income- tax Act, 1961
Stock Option
41
Sweat Equity
Commission
- as % of profit
42
- others, specify
Others, please specify
Total (A)
3,600,000
2,400,000
1,320,000
7,320,000
Ceiling as per the Act - Remuneration has been paid in compliance with Schedule-V of the Companies Act, 2013.
43
B.
Remuneration to other directors
S. No.
44
Name of Directors
Total Amount
Rathin Kumar Ray
Pallab Samajdar
Subir Chakrabarti
Independent Directors
Sitting Fees for attaining Board/Committee Meeting
66,000
66,000
51,000
183,000
Commission
45
Others
Total (1)
66,000
66,000
51,000
183,000
Other Non-Executive Directors
46
Sitting Fees for attaining Board/Committee Meeting
Commission
Others
Total (2)
47
Total (1+2)
66,000
66,000
51,000
183,000
Overall Ceiling as per the Act
wihtin the limits as prescribed under the Companies Act 2013
C.
Remuneration to Key Managerial Personnel other than MD/MANAGER/WTD
S. No.
Key Managerial Personnel
Total Amount
Mohit Barasia (CFO) *
Rajneesh Mishra (CS) **
Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961
1,034,477
48
616,110.00
1,650,587.00
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961
(c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961
Stock Option
Sweat Equity
Commission
49
- as % of profit
- others, specifyï¿½
Others, please specify
Total
1,034,477.00
616,110.00
1,650,587.00
50
ï¿½ Mr. Mohit Barasia has been appointed as Chief Financial Officer w.e.f 01.06.2018
** Mr. Rajneesh Mishra has been appointed as Company Secretary w.e.f 01.06.2018
VII.
PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:
51
Type
Section of the Companies Act
Brief
Description
Details of Penalty / Punishment/ Compounding fees imposed
Authority
[RS/NCLT/COURT]
Appeal made,
if any (Give Details)
A. COMPANY
Penalty
52
NIL
NIL
NIL
NIL
NIL
Punishment
NIL
NIL
NIL
NIL
NIL
Compounding
NIL
NIL
NIL
NIL
NIL
B. DIRECTORS
53
Penalty
NIL
NIL
NIL
NIL
NIL
Punishment
NIL
NIL
NIL
NIL
NIL
Compounding
NIL
NIL
NIL
NIL
NIL
C. OTHER OFFICERS IN DEFAULT
54
Penalty
NIL
NIL
NIL
NIL
NIL
Punishment
NIL
NIL
NIL
NIL
NIL
Compounding
NIL
NIL
NIL
NIL
NIL
Disclosure of statement on declaration given by independent directors under section 149(6) [Text Block]
Declarations have been received from each of the Independent Directors under Section 149(7) of the Companies Act, 2013 that they meets the
criteria of independence laid down in Section 149(6) of the Companies Act, 2013.
55
Disclosure of statement on development and implementation of risk management policy [Text Block]
Risk Management is an attempt to identify and then manage threats that could severely impact or bring down the organisation. Generally, this
involves reviewing operations of the organisation, identifying potential threats, likelihood of their occurrence, value impact thereof and then
taking appropriate actions to address the most likely threats. The Board of Directors of your Company has framed and adopted a policy on Risk
Management to minimise the adverse consequence of risks on business objectives of the Company. The Board is kept informed about the risk
assessment and minimization procedures. Major risks identified by the businesses and functions are systematically addressed through mitigating
actions on a continuing basis.
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
During the year, the company has not developed and implemented any corporate social responsibility initiatives as the provisions of section 135
of Companies Act, 2013 were not applicable to the company.
56
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]
DIRECTORS & KEY MANAGERIAL PERSONNEL
Declarations have been received from each of the Independent Directors under Section 149(7) of the Companies Act, 2013 that he/she them meets
the criteria of independence laid down in Section 149(6) of the Companies Act, 2013.
57
Details relating to deposits covered under chapter v of companies act [Text Block]
The Company has not accepted any deposits falling under the ambit of Section 73 of the Companies Act, 2013 (hereinafter referred to as "The
Act") and the Rules framed thereunder during the year under review.
Details of significant and material orders passed by regulators or courts or tribunals impacting going concern status
and company’s operations in future [Text Block]
There are no significant and material orders issued against the Company by any regulating authority or court or tribunal affecting the going
concern status and company's operation in future.
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
The Company has in place adequate internal financial controls with reference to financial statements. During the year under review, such controls
were tested and no reportable material weakness in the design or operation was observed.
58
Disclosure of appointment and remuneration of managerial personnels [Text Block]

11. DIRECTORS & KEY MANAGERIAL PERSONNEL
Declarations have been received from each of the Independent Directors under Section 149(7) of the Companies Act, 2013 that he/she them meets
the criteria of independence laid down in Section 149(6) of the Companies Act, 2013.
59
Disclosure of details of establishment of vigil mechanism [Text Block]

Pursuant to Provisions of Section 177(9) of the Companies Act,2013 read with Rule 7 of the companies (Meeting of Board and its Powers) Rules,
2014 the Board of Directors had approved the policy on Vigil Mechanism/Whistle Blower Policy. Through this policy Directors, Employees or
business associates may report the unethical behavior, malpractices, wrongful conduct, frauds, violations of the company's code etc. to the
chairman of Audit Committee.
60
[400200] Disclosures - Auditors report
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark
[Member]
01/04/2018
to
31/03/2019
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report
[LineItems]
As mentioned in the
Disclosure in auditors report relating to fixed assets annexed Auditor's
Report.
i. (a) The company
has maintained
proper records
showing full
Disclosure relating to quantitative details of fixed assets particulars, including
quantitative details
and situation of fixed
assets
Textual information
Disclosure relating to physical verification and material discrepancies of fixed assets (18) [See below]
Textual information
Disclosure relating to title deeds of immovable properties (19) [See below]
Textual information
Disclosure in auditors report relating to inventories (20) [See below]
Textual information
Disclosure in auditors report relating to loans (21) [See below]
Textual information
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013 (22) [See below]
Textual information
Disclosure in auditors report relating to deposits accepted (23) [See below]
vi. As informed to
us, the Central
Government has not
prescribed
maintenance of cost
Disclosure in auditors report relating to maintenance of cost records records under
sub-section (1) of
section 148 of the
Act, for any
activities carried out
by the company.
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (24) [See below]
Textual information
Disclosure relating to regularity in payment of undisputed statutory dues [TextBlock] (25) [See below]
Textual information
Disclosure relating to disputed statutory dues [TextBlock] (26) [See below]
Textual information
Disclosure in auditors report relating to default in repayment of financial dues (27) [See below]
Disclosure in auditors report relating to public offer and term loans used for purpose for which Textual information
those were raised (28) [See below]
Disclosure in auditors report relating to fraud by the company or on the company by its officers Textual information
or its employees reported during period (29) [See below]
Textual information
Disclosure in auditors report relating to managerial remuneration (30) [See below]
xii. In our opinion,
the Company is not a
Nidhi Company.
Therefore, the
Disclosure in auditors report relating to Nidhi Company provisions of clause
4 (xii) of the Order
are not applicable to
the Company.
Textual information
Disclosure in auditors report relating to transactions with related parties (31) [See below]
61
Disclosure in auditors report relating to preferential allotment or private placement of shares or Textual information
convertible debentures (32) [See below]
Disclosure in auditors report relating to non-cash transactions with directors or persons connected Textual information
with him (33) [See below]
xvi. In our opinion
the company is not
required to be
Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of India
registered under
Act, 1934 section-IA of the
Reserve Bank of
India Act, 1934.
Details regarding auditors [Table] ..(1)

Auditors [Axis] 1
01/04/2018
to
31/03/2019
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Name of audit firm M. Raghunath & Co.
Name of auditor signing report Mayank Poddar
Firms registration number of audit firm 003347S
Membership number of auditor 305638
Ashoka Chamber,
1st Floor, 6, Garstin
Address of auditors Place, Kolkata :
700001
Permanent account number of auditor or auditor's firm AAMFM2581J
SRN of form ADT-1 C28353001
Date of signing audit report by auditors 21/05/2019
Date of signing of balance sheet by auditors 21/05/2019

01/04/2018
to
31/03/2019
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
Disclosure relating to physical verification and material discrepancies of fixed assets

(b) As explained to us, all the fixed assets appearing in the companies records have been physically verified by the management in at regular
intervals, which in our opinion is reasonable, having regard to the size of the company and nature of its assets. No material discrepancies were
noticed on such physical verification
Disclosure relating to title deeds of immovable properties

(c) According to information and explanations given to us and records examined by us and based on the examination of relevant records provided
to us, we report that, the title deeds of immovable properties available with the company are held in the name of the company
Disclosure in auditors report relating to inventories

ii. As explained to us, the inventories in the company records were physically verified during the year by the Management at reasonable intervals
and no material discrepancies were noticed on such physical verification
62
Disclosure in auditors report relating to loans

iii. The company has not granted any loan, secured or unsecured to companies, firm, LLP or any other parties covered in the register maintained
u/s 189 of the Companies Act, 2013 hence Clause (iii) (a),(b)& (c) are not applicable to the company.
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
iv. In our opinion and according to explanation given to us, the company has complied with the provisions contained in section 185 and 186 of the
Companies Act, 2013 with respect to loan, investment, security and guarantee given to director
Disclosure in auditors report relating to deposits accepted

v. The company has not accepted any deposits from the public and hence the directives issued by the Reserve Bank of India and the provisions of
Sections 73 to 76 or any other relevant provisions of the Act and the Companies (Acceptance of Deposit) Rules, 2015 with regard to the deposits
accepted from the public are not applicable.
Disclosure in auditors report relating to statutory dues [Text Block]

(a) According to information and explanation given to us and on the basis of our examination of the records of the company, the company is
regular in depositing with appropriate authorities undisputed statutory dues including Income Tax, Goods & Service Tax, Custom Duty, Excise
Duty, Service Tax, Professional Tax and any other material statutory dues applicable to it. There are no outstanding statutory dues as on the last
day of the financial year concerned for a period of more than six months from the date they become payable.
(b) According to the information and explanation given to us, and our examination of the records of the company, the particulars of statutory
dues not deposited on account of dispute are furnished below :-
Nature of Amount in
Name of Statue For the Period Forum where pending
dues Rs.
Custom
Customs Act,1962 10,18,178 FY 2004-2005 CESTAT
Duty
CESTAT
Cenvat
Cenvat Credit Rules, 2004 11,62,496 FY 2011-2012
Credit
The West Bengal Tax on Entry of Goods into Entry FY 2013-2014,

3,96,74,457 West Bengal Taxation Tribunal
Local Areas Act, 2012 Tax 2014-15 & 2015-16
Not High Court (Cal)-Writ Petition challenging

Income Tax Act,1961 TCS -
determined applicability of the provisions
63
Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]

According to information and explanation given to us and on the basis of our examination of the records of the company, the company is regular
in depositing with appropriate authorities undisputed statutory dues including Income Tax, Goods & Service Tax, Custom Duty, Excise Duty,
Service Tax, Professional Tax and any other material statutory dues applicable to it. There are no outstanding statutory dues as on the last day of
the financial year concerned for a period of more than six months from the date they become payable.
Disclosure relating to disputed statutory dues [Text Block]

According to the information and explanation given to us, and our examination of the records of the company, the particulars of statutory dues not
deposited on account of dispute are furnished below :-
Nature of Amount in
Name of Statue For the Period Forum where pending
dues Rs.
Custom
Customs Act,1962 10,18,178 FY 2004-2005 CESTAT
Duty
CESTAT
Cenvat
Cenvat Credit Rules, 2004 11,62,496 FY 2011-2012
Credit
The West Bengal Tax on Entry of Goods into Entry FY 2013-2014,

3,96,74,457 West Bengal Taxation Tribunal
Local Areas Act, 2012 Tax 2014-15 & 2015-16
Not High Court (Cal)-Writ Petition challenging

Income Tax Act,1961 TCS -
determined applicability of the provisions
Disclosure in auditors report relating to default in repayment of financial dues

viii. According to the information and explanation given to us and based on the documents and records produced to us, the company has not
defaulted in repayment of dues of secured loan from bank or financial institution.
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
ix. The company did not raise any money by way of initial public offer or further public offer (including debt instruments) during the period.
Term loan availed during the period were utilized for the purpose for which they were taken
64
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
ix. The company did not raise any money by way of initial public offer or further public offer (including debt instruments) during the period.
Term loan availed during the period were utilized for the purpose for which they were taken
Disclosure in auditors report relating to managerial remuneration

xi. Based upon the audit procedures performed and the information and explanations given by the management, managerial remuneration has
been paid or provided by the company, which is in accordance with the provision of section 197 of the Act.
Disclosure in auditors report relating to transactions with related parties

xiii. According to the information and explanation given to us and based on our examination of the records of the company, transactions with the
related parties is in compliance with section 177 and 188 of the companies act where applicable and details of such transactions have been
disclosed in the financial statements as required by the applicable accounting standards.
Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible
debentures
xiv. Based upon the audit procedures performed and the information and explanations given by the management, the company has not made any
preferential allotment or private placement of shares or fully or partly convertible debentures during the year under review. Accordingly, the
provisions of clause 3 (xiv) of the Order are not applicable to the company and hence not commented upon.
Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
xv. Based upon the audit procedures performed and the information and explanations given by the management, the company has not entered into
any non cash transactions with the directors or person connected with him
65
Disclosure in auditor’s report explanatory [Text Block]
INDEPENDENT AUDITORS' REPORT
TO THE MEMBERS' OF SYLVAN PLYBOARD (INDIA) LIMITED (U51431WB2002PLC095027)
Report on the standalone financial statement of SYLVAN PLYBOARD (INDIA) LIMITED.
Opinion
We have audited the accompanying Standalone financial statements of SYLVAN PLYBOARD (INDIA) LIMITED which comprises the Balance
Sheet as at 31stMarch, 2019, the Statement of Profit and Loss, Cash Flow Statement and notes to the financial statements, including a summary of
significant accounting policies and other explanatory information.
In our opinion and to the best of our information and according to the explanations given to us, and subject to our observations given in Other
Matter paragraph,the aforesaid standalone financial statements give the information required by the Act in the manner sorequired and give a true
and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at 31stMarch
2019 and Profit, for the year ended on that date.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. Our
responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of
our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India
together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013
and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Responsibility of Management for the Standalone Financial Statements
The Company's Board of Directors is responsible for the matters stated in section 134(5) of the Companies Act, 2013 ("the Act") with respect to
the preparation of these standalone financial statements that give a true and fair view of the financial position, financial performance, (changes in
equity)and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the accounting
Standards specified under section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance
with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities;
selection and application of appropriate implementation and maintenance of accounting policies; making judgments and estimates that are
reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for
ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statement that give
a true and fair view and are free from material misstatement, whether due to fraud or error.
66
In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing,
as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the
Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directorsis also responsible for overseeing the company's financial reporting process
Auditor's Responsibilityfor the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether
due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from
fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these financial statements.
Other Matters
The value of closing Inventories in the balance sheet is based on management representation and certification. We had not taken part either in
measurement or conducting physical examination of inventories. The balances of trade receivables, loan & advances, trade payable and other
receivable/payable as appearing in balance sheet is subjected to confirmation and reconciliation with respective parties. The company has not
made provision for interest on dues of MSME suppliers outstanding for more than 45 days. As per representation received from management the
company has a credit period of more than 45 days with MSME suppliers.
Our opinion is not modified in respect of these matters.
Report on Other Legal and Regulatory Requirements
As required by the Companies (Auditor's Report) Order, 2016 ("the Order"), issued by the Central Government of India in terms of sub-section
(11) of section 143 of the Companies Act, 2013, we give in the "Annexure A" a statement on the matters specified in paragraphs 3 and 4 of the
Order, to the extent applicable.
As required by Section 143(3) of the Act, we report that:
We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes
of our audit. In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination
of those books. The Balance Sheet, Statement of Profit and Loss and Cash Flow Statement dealt with by this Report are in agreement with the
books of account. In our opinion, the aforesaid standalone financial statements comply with the Accounting Standards specified under Section
133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 except those mentioned in Basis of qualified opinion and other matter
paragraphs. On the basis of the written representations received from the directors as on 31st March, 2019 taken on record by the Board of
Directors, none of the directors is disqualified as on 31st March, 2019 from being appointed as a director in terms of Section 164 (2) of the Act.
With respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating effectiveness of such
controls, refer to our separate Report in "Annexure B".With respect to the other matters to be included in the Auditor's Report in accordance with
the requirements of section 197(16) of the Act, as amended: In our opinion and to the best of our information and according to the explanations
given to us, the remuneration paid by the Company to its directors during the year is in accordance with the provisions of section 197 of the Act.
With respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules,
2014, in our opinion and to the best of our information and according to the explanations given to us:
i) The Company has disclosed the impact of pending litigations on its financial position in itsfinancial statements.
ii) The Company has made provision, as required under the applicable law or accounting standards, for material foreseeable
losses, if any, on long-term contracts including derivativecontracts.
iii) There has been no delay in transferring amounts, required to be transferred, to the InvestorEducation and Protection
Fund by the Company.
For M.Raghunath& Co.
Chartered Accountants
67
Place: Kolkata
Dated: 21/05/2019
MayankPoddar
(Partner)
MRN 305638
FRN: 003347S
Annexure Ito Independent Auditors' report
(a) The company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets.
(b) As explained to us, all the fixed assets appearing in the companies records have been physically verified by the management in
at regular intervals, which in our opinion is reasonable, having regard to the size of the company and nature of its assets. No material
discrepancies were noticed on such physical verification.
(c) According to information and explanations given to us and records examined by us and based on the examination of relevant
records provided to us, we report that, the title deeds of immovable properties available with the company are held in the name of the
company.
As explained to us, the inventories in the company records were physically verified during the year by the Management at reasonable intervals
and no material discrepancies were noticed on such physical verification. The company has not granted any loan, secured or unsecured to
companies, firm, LLP or any other parties covered in the register maintained u/s 189 of the Companies Act, 2013 hence Clause (iii) (a),(b)& (c)
are not applicable to the company. In our opinion and according to explanation given to us, the company has complied with the provisions
contained in section 185 and 186 of the Companies Act, 2013 with respect to loan, investment, security and guarantee given to director.
The company has not accepted any deposits from the public and hence the directives issued by the Reserve Bank of India and the provisions of
Sections 73 to 76 or any other relevant provisions of the Act and the Companies (Acceptance of Deposit) Rules, 2015 with regard to the deposits
accepted from the public are not applicable. As informed to us, the Central Government has not prescribed maintenance of cost records under
sub-section (1) of section 148 of the Act, for any activities carried out by the company. a)The company is regular in depositing with appropriate
authorities undisputedstatutory dues including Provident Fund, Income Tax, VAT, Service Tax, GST, Professional Tax and any other
materialstatutory dues applicable to it. There are no outstanding statutory dues as on the last day of the financial year concerned for a period of
more than six months from the date they become payable.
b) According to information and explanation given to us, and our examination of the records of the company, the particulars of
statutory dues not deposited on account of dispute are furnished below:-
68
Statue
Name of Statue
Amount in Rs.
Period
Forum where pending
Customs Act, 1962
Custom Duty
Rs. 1,018,178.00
FY 2004-05
CESTAT
Cenvat Credit Rules, 2004
Cenvat Credit
Rs. 1,162,496.00
FY 2011-12
CESTAT
The West Bengal Tax on Entry of Goods into Local Areas Act, 2012
Entry Tax
Rs.3,96,74,457.00
FY 2013-14 to 2015-16
West Bengal Taxation Tribunal
According to the information and explanation given to us and based on the documents and records produced to us, the company has not defaulted
in repayment of dues of secured loan from bank or financial institution. The company did not raise any money by way of initial public offer or
further public offer (including debt instruments) during the period. Term loan availed during the period were utilized for the purpose for which
they were taken. According to the information and explanations given to us, no fraud on or by the companyhas been noticed or reported during
the year. Based upon the audit procedures performed and the information and explanations given by the management, managerial remuneration
has been paid or provided by the company, which is in accordance with the provision of section 197 of the Act. In our opinion, the Company is
69
not a Nidhi Company. Therefore, the provisions of clause 4 (xii) of the Order are not applicable to the Company. According to the information
and explanation given to us and based on our examination of the records of the company, transactions with the related parties is in compliance
with section 177 and 188 of the companies act where applicable and details of such transactions have been disclosed in the financial statements as
required by the applicable accounting standards. Based upon the audit procedures performed and the information and explanations given by the
management, the company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures
during the year under review. Accordingly, the provisions of clause 3 (xiv) of the Order are not applicable to the companyand hence not
70
commented upon. Based upon the audit procedures performed and the information and explanations given by the management, the company has
not entered into any non cash transactions with the directors or person connected with him. In our opinion the company is not required to be
registered under section-IA of the Reserve Bank of India Act, 1934.
Place: Kolkata
Dated: 21/05/2019
MayankPoddar
(Partner)
MRN 305638
FRN: 003347S
Annexure B to IndependentAuditors' report
Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 ("the Act")
71
We have audited the internal financial controls over financial reporting of M/s. SYLVAN PLYBOARD (INDIA) LIMITED as of March 31,
2019 in conjunction with our audit of the financial statements of the company for the year ended on that date.
Management's Responsibility for Internal Financial Controls
The Company's management is responsible for laying down and maintaining internal financial controls based on the internal control over
financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on
Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India("ICAI").These
responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for
ensuring the orderly and efficient conduct of its business, including adherence to company's policies, the safeguarding of its assets, the prevention
and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial
information, as required under the Companies Act,2013.
Auditors' Responsibility
Our responsibility is to express an opinion on the Company's Internal financial controls over financial reporting based on our audit. We conducted
our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the "Guidance Note") and the
standards on auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act,2013, to the extent applicable to
an audit of Internal Financial Controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered
Accountants of India. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to
obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if
such controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial
reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of
internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and
operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor's judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Internal Financial
Controls system over financial reporting.
Meaning of Internal Financial Controls over Financial Reporting
A company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
A company's internal financial control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide
reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of
management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.
72
Inherent Limitations of Internal Financial Controls over Financial Reporting
Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper
management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation
of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial
reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may
deteriorate.
Opinion
In our opinion, the Company has, in all material respects, an adequate Internal Financial Controls system over financial reporting and such
internal financial controls over financial reporting were operating effectively as at March 31, 2019, based on the internal control over financial
reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of
Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.
Place: Kolkata
Dated: 21/05/2019
MayankPoddar
(Partner)
MRN 305638
FRN: 003347S
73
[400500] Disclosures - Secretarial audit report

01/04/2018
to
31/03/2019
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
[100100] Balance sheet

31/03/2019 31/03/2018
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 9,09,21,200 4,54,60,600
Reserves and surplus 67,57,86,159 67,74,76,790
Total shareholders' funds 76,67,07,359 72,29,37,390
Share application money pending allotment 0 0
Minority interest 0 0
Non-current liabilities [Abstract]
Long-term borrowings 47,01,156 32,96,245
Deferred tax liabilities (net) 24,49,717 37,05,103
Other long-term liabilities 0 0
Long-term provisions 0 0
Total non-current liabilities 71,50,873 70,01,348
Current liabilities [Abstract]
Short-term borrowings 36,04,31,730 50,12,46,412
Trade payables 73,32,32,957 51,28,44,753
Other current liabilities 5,05,84,619 3,91,72,392
Short-term provisions 1,83,51,005 2,00,21,036
Total current liabilities 116,26,00,311 107,32,84,593
Total equity and liabilities 193,64,58,543 180,32,23,331
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 19,55,16,928 19,80,42,689
Intangible assets 87,500 87,500
Total fixed assets 19,56,04,428 19,81,30,189
Non-current investments 0 0
Long-term loans and advances 0 0
Other non-current assets 4,13,47,402 3,75,74,338
Total non-current assets 23,69,51,830 23,57,04,527
Current assets [Abstract]
Current investments 0 0
Inventories 120,16,06,088 109,51,19,043
Trade receivables 33,87,54,752 29,29,80,918
Cash and bank balances 11,82,92,277 11,62,24,074
Short-term loans and advances 41,30,898 80,58,344
Other current assets 3,67,22,698 5,51,36,425
Total current assets 169,95,06,713 156,75,18,804
Total assets 193,64,58,543 180,32,23,331
74
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] 1 2
01/04/2018 01/04/2018
to to
31/03/2019 31/03/2019
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director JAI ANAND
Middle name of director PRAKASH KUMAR
Last name of director SINGH SINGH
Designation of director Director Director
Director identification number of director 00655886 00651384
Date of signing of financial statements by director 21/05/2019 21/05/2019

01/04/2018
to
31/03/2019
Name of company secretary RAJNEESH MISHRA
Date of signing of financial statements by company secretary 21/05/2019
Name of chief financial officer MOHIT BARASIA
Date of signing of financial statements by chief financial officer 21/05/2019
75
[100400] Cash flow statement, indirect

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax 10,19,31,598 5,25,99,048
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 7,09,80,527 5,72,31,226
Adjustments for depreciation and amortisation expense 2,27,05,105 2,29,98,947
Other adjustments for which cash effects are investing or
-83,27,009 -68,93,008
financing cash flow
Other adjustments to reconcile profit (loss) -1,42,370 -30,765
Other adjustments for non-cash items -12,83,245 -1,00,52,839
Total adjustments to profit (loss) 8,39,33,008 6,32,53,561
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories -10,64,87,045 -6,09,67,144
Adjustments for decrease (increase) in trade receivables -2,42,95,323 -4,78,16,962
Adjustments for increase (decrease) in trade payables 23,29,42,883 -3,63,41,444
Adjustments for provisions 2,14,04,711 15,87,636
Total adjustments for working capital 12,35,65,226 -14,35,37,914
Total adjustments for reconcile profit (loss) 20,74,98,234 -8,02,84,353
Net cash flows from (used in) operations 30,94,29,832 -2,76,85,305
Income taxes paid (refund) 2,00,21,036 54,67,392
Other inflows (outflows) of cash -6,27,15,608 53,71,109
Net cash flows from (used in) operating activities before extraordinary
22,66,93,188 -2,77,81,588
items
Net cash flows from (used in) operating activities 22,66,93,188 -2,77,81,588
Cash flows from used in investing activities [Abstract]
Proceeds from sales of tangible assets 4,22,000 32,12,912
Purchase of tangible assets 2,07,71,468 2,48,53,071
Cash receipts from repayment of advances and loans made to other parties -54,25,252 -3,24,66,449
Interest received 91,39,393 71,37,717
Other inflows (outflows) of cash 13,79,845 1,01,09,189
Net cash flows from (used in) investing activities before extraordinary
-1,52,55,482 -3,68,59,702
items
Net cash flows from (used in) investing activities -1,52,55,482 -3,68,59,702
Cash flows from used in financing activities [Abstract]
Repayments of borrowings 17,98,61,545 -9,04,52,948
Interest paid 7,09,80,527 5,72,31,226
Net cash flows from (used in) financing activities before extraordinary
-25,08,42,072 3,32,21,722
items
Net cash flows from (used in) financing activities -25,08,42,072 3,32,21,722
Net increase (decrease) in cash and cash equivalents before effect of
-3,94,04,366 -3,14,19,568
exchange rate changes
Net increase (decrease) in cash and cash equivalents -3,94,04,366 -3,14,19,568
Cash and cash equivalents cash flow statement at end of period -35,80,01,264 -31,85,96,898
76
[200100] Notes - Share capital
Disclosure of classes of share capital [Table] ..(1)

Classes of share capital [Axis] Share capital [Member] Equity shares [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 1,35,00,000 [shares] 47,00,000 [shares] 1,35,00,000 [shares] 47,00,000
Value of shares authorised 13,50,00,000 4,70,00,000 13,50,00,000 4,70,00,000
Number of shares issued [shares] 90,92,120 [shares] 45,46,060 [shares] 90,92,120 [shares] 45,46,060
Value of shares issued 9,09,21,200 4,54,60,600 9,09,21,200 4,54,60,600
Number of shares subscribed and fully paid [shares] 90,92,120 [shares] 45,46,060 [shares] 90,92,120 [shares] 45,46,060
Value of shares subscribed and fully paid 9,09,21,200 4,54,60,600 9,09,21,200 4,54,60,600
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0 0
Total number of shares subscribed [shares] 90,92,120 [shares] 45,46,060 [shares] 90,92,120 [shares] 45,46,060
Total value of shares subscribed 9,09,21,200 4,54,60,600 9,09,21,200 4,54,60,600
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 90,92,120 [shares] 45,46,060 [shares] 90,92,120 [shares] 45,46,060
Value of shares called 9,09,21,200 4,54,60,600 9,09,21,200 4,54,60,600
Value of shares paid-up 9,09,21,200 4,54,60,600 9,09,21,200 4,54,60,600
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 45,46,060 [shares] 0 [shares] 45,46,060 [shares] 0
Number of shares issued in other private
[shares] 0 [shares] 0 [shares] 0 [shares] 0
placement
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
[shares] 0 [shares] 0 [shares] 0 [shares] 0
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Total aggregate number of shares issued
[shares] 45,46,060 [shares] 0 [shares] 45,46,060 [shares] 0
during period
Total increase (decrease) in number of
[shares] 45,46,060 [shares] 0 [shares] 45,46,060 [shares] 0
shares outstanding
Number of shares outstanding at end of period [shares] 90,92,120 [shares] 45,46,060 [shares] 90,92,120 [shares] 45,46,060
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0 0
Amount of bonus issue during period 4,54,60,600 0 4,54,60,600 0
Amount of other private placement issue
0 0 0 0
during period
Amount of issue allotted for
contracts without payment 0 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0 0
amalgamation during period
Amount of other issues during period 0 0 0 0
Total aggregate amount of increase in
4,54,60,600 0 4,54,60,600 0
share capital during period
Total increase (decrease) in share capital 4,54,60,600 0 4,54,60,600 0
77
Share capital at end of period 9,09,21,200 4,54,60,600 9,09,21,200 4,54,60,600

Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Application money received for
allotment of securities and due for 0 0 0 0
refund, principal
Application money received for
allotment of securities and due for 0 0 0 0
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0 0
and interest accrued thereon
78
Disclosure of classes of share capital [Table] ..(2)

Classes of share capital [Axis] Equity shares 1 [Member]
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Type of share Equity Share Equity Share
Number of shares authorised [shares] 1,35,00,000 [shares] 47,00,000
Value of shares authorised 13,50,00,000 4,70,00,000
Number of shares issued [shares] 90,92,120 [shares] 45,46,060
Value of shares issued 9,09,21,200 4,54,60,600
Number of shares subscribed and fully paid [shares] 90,92,120 [shares] 45,46,060
Value of shares subscribed and fully paid 9,09,21,200 4,54,60,600
Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
Total number of shares subscribed [shares] 90,92,120 [shares] 45,46,060
Total value of shares subscribed 9,09,21,200 4,54,60,600
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 90,92,120 [shares] 45,46,060
Value of shares called 9,09,21,200 4,54,60,600
Value of shares paid-up 9,09,21,200 4,54,60,600
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 45,46,060 [shares] 0
Number of shares issued in other private placement [shares] 0 [shares] 0
Number of shares allotted for contracts without payment received in cash [shares] 0 [shares] 0
Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0
Number of other issues of shares [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 45,46,060 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 45,46,060 [shares] 0
Number of shares outstanding at end of period [shares] 90,92,120 [shares] 45,46,060
Reconciliation of value of shares outstanding [Abstract]
Changes in share capital [Abstract]
Increase in share capital during period [Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 4,54,60,600 0
Amount of other private placement issue during period 0 0
Amount of issue allotted for contracts without payment received in cash
0 0
during period
Amount of issue under scheme of amalgamation during period 0 0
Amount of other issues during period 0 0
Total aggregate amount of increase in share capital during period 4,54,60,600 0
Total increase (decrease) in share capital 4,54,60,600 0
Share capital at end of period 9,09,21,200 4,54,60,600
Details of application money received for allotment of securities and due for
refund and interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund,
0 0
principal
Application money received for allotment of securities and due for refund,
0 0
interest accrued
Total application money received for allotment of securities and due for
0 0
refund and interest accrued thereon
79
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of shareholding more than
five per cent in
company [Abstract]
Disclosure of shareholding more than
five per cent
in company [LineItems]
Type of share Equity Share Equity Share Equity Share Equity Share
LAPTOP VYAPAAR SINGH SUPPLIERS SINGH SUPPLIERS LAPTOP VYAPAAR
Name of shareholder PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED
CIN of shareholder U51109WB2007PTC119992 U51909WB2001PTC094028 U51909WB2001PTC094028 U51109WB2007PTC119992
PAN of shareholder AABCL3792J AAGCS1608D AAGCS1608D AABCL3792J
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
shareholder
Number of shares held in company [shares] 23,87,800 [shares] 19,13,460 [shares] 38,26,920 [shares] 11,93,900
Percentage of shareholding in
26.00% 42.00% 42.00% 26.00%
company
Disclosure of shareholding more than five per cent in company [Table] ..(2)
Name of shareholder [Axis] Shareholder 3 [Member] Shareholder 4 [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share Equity Share Equity Share Equity Share Equity Share
JAI PRAKASH JAI PRAKASH SHAKUNTALA SHAKUNTALA
Name of shareholder SINGH SINGH SINGH SINGH
PAN of shareholder ALKPS4741B ALKPS4741B AJVPS4872L AJVPS4872L
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
shareholder
Number of shares held in company [shares] 15,23,400 [shares] 7,61,700 [shares] 5,46,400 [shares] 2,73,200
Percentage of shareholding in company 17.00% 17.00% 6.00% 6.00%

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Number of persons on private placement of equity share 0 0
Number of persons on private placement of preference share 0 0
Whether money raised from public offering during year No No
Amount raised from public offering during year 0 0
Amount utilised towards specified purposes for public offering 0 0
Amount remaining unutilised received in respect of public offering 0 0
80
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Components of reserves [Axis] Reserves [Member] Securities premium account [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 4,35,25,082 4,00,97,797 0 0
Other additions to reserves 2,44,887 0 0 0
Total additions to reserves 4,37,69,969 4,00,97,797 0 0
Deductions to reserves [Abstract]
Securities premium adjusted bonus shares 4,54,60,600 0 4,54,60,600 0
Total deductions to reserves 4,54,60,600 0 4,54,60,600 0
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Other appropriations 0 0 0 0
Transfer to general reserve 0 0 0 0
Total appropriations for dividend,
0 0 0 0
dividend tax and general reserve
Appropriation towards bonus shares 0 0 0 0
Total changes in reserves -16,90,631 4,00,97,797 -4,54,60,600 0
Reserves at end of period 67,57,86,159 67,74,76,790 44,29,81,280 48,84,41,880
Statement of changes in reserves [Table] ..(2)

Components of reserves [Axis] Surplus [Member]
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 4,35,25,082 4,00,97,797
Other additions to reserves 2,44,887 0
Total additions to reserves 4,37,69,969 4,00,97,797
Appropriations for dividend, dividend tax and general reserve [Abstract]
Other appropriations 0 0
Transfer to general reserve 0 0
Total appropriations for dividend, dividend tax and general reserve 0 0
Appropriation towards bonus shares 0 0
Total changes in reserves 4,37,69,969 4,00,97,797
Reserves at end of period 23,28,04,879 18,90,34,910
81
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Classification of borrowings [Axis] Term loans from banks [Member] Rupee term loans from banks [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 9,406 1,24,114 9,406 1,24,114
Nature of security [Abstract]
Hypothecation of Hypothecation of
Nature of security Car
Hypothecation of Car
Car
Hypothecation of Car
Details on defaults on borrowings [Abstract]

Outstanding amount of continuing default
0 0 0 0
principal
0 0 0 0
interest

Classification based on time period [Axis] Long-term [Member]
Classification of borrowings [Axis] Term loans from others [Member] Rupee term loans from others [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings 46,91,750 31,72,131 46,91,750 31,72,131
Hypothecation of Hypothecation of Hypothecation of Hypothecation of
Nature of security Sawing Machine, & Sawing Machine, & Sawing Machine, & Sawing Machine, &
Hydraulic press Hydraulic press Hydraulic press Hydraulic press
0 0
principal
0 0
interest
82

Classification based on time period [Axis] Short-term [Member]
Other external commercial borrowings
Classification of borrowings [Axis] Term loans from others [Member]
[Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Borrowings 0 18,01,24,003 0 18,01,24,003
Buyers Credit from Buyers Credit from
Buyers Credit from Buyers Credit from
Nature of security Banks - Raw
Banks - Raw Material
Banks - Raw
Banks - Raw Material
Material Material
0 0 0 0
principal
0 0 0 0
interest

Loans repayable on demand from banks
Classification of borrowings [Axis]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member]
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Borrowings 36,04,31,730 32,11,22,409
Primary Security -
Primary Security - 1)
1) Hypothecation of
Hypothecation of
Fixed Assets, Stock
Nature of security & Book Debts; 2)
Fixed Assets, Stock &
Book Debts; 2) Lien
Lien on Fixed
on Fixed Deposits
Deposits

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Textual information (35) Textual information (36)
Disclosure of notes on borrowings explanatory [TextBlock] [See below] [See below]
83
Disclosure of notes on borrowings explanatory [Text Block]

Note 4: Long term Borrowings
Secured loans
Term Loans
A) From Banks - 153,995 393,166
Less : Due within one year 144,589 269,052
9,406 124,114
B) From Others - 6,600,009 6,098,380
Less : Due within one year 1,908,259 2,926,249
4,691,750 3,172,131
1) Primary Security-Hypothecation of Car to HDFC Bank,
Repayable in 60 Monthly Installments
2) Primary Security-Hypothecation of 2 Hydraulic Press to
Tata Capital,Repayable in 60 Monthly Installments
3) Primary Security-Hypothecation of Car to HDFC Bank
Repayable in 60 Monthly Installments
4) Primary Security - Hypothecation of Sawing Machine to
Reliance Capital,Repayable in 48 Monthly Installments
Note 6: Short Term Borrowings
Loans repayable on demand
Cash Credit from Banks( Secured)
Bank of India 265,498,599 284,301,662
Midcorprate Branch ,Kolkata
Punjab National Bank 94,933,131 36,820,747
Brabourne Road, Kolkata
Other Loans & Advances (Secured)
Buyers Credit From Banks- For Raw Material - 180,124,003
360,431,730 501,246,412
Primary Security -
1) Hypothecation of Fixed Assets, Stock & Book Debts
2) Lien on Fixed Deposits & Personal Guarantee of
Directors & Their Relatives
3) Corporate Guarantee of Laptop Vyapaar Pvt. Ltd.
4) Corporate Guarantee of Singh Suppliers Pvt. Ltd.
84
Disclosure of notes on borrowings explanatory [Text Block]

Long term Borrowings
Secured loans
A) Term Loan - Tata Capital 3,664,861 -
Less : Due within one year 820,800 -
Primary Security - Hypothecation of Hydraulic Press
Repayable in 60 Monthly Installments 2,844,061 -
B) Term Loan - HDFC Bank Ltd ( Kolkata) 181,341 309,902
Primary Security - Hypothecation of Car
Repayable in 60 Monthly Installments 25,641 181,340
C) Term Loan - Reliance Capital Ltd ( Kolkata) 2,433,519 4,223,734
Less : Due within one year 2,105,449 1,811,781
Primary Security - Hypothecation of Sawing Machine
Repayable in 48 Monthly Installments 328,070 2,411,953
D) Term Loan - HDFC Bank Ltd ( Kolkata) 211,825 298,569
Primary Security - Hypothecation of Car
Repayable in 60 Monthly Installments 98,473 218,898
Short Term Borrowings

Loans repayable on demand
Cash Credit from Banks( Secured)
Bank of India 284,301,662 291,075,047
Midcorprate Branch ,Kolkata
Punjab National Bank 36,820,747 -
Brabourne Road, Kolkata
Other Loans & Advances (Secured)
Buyers Credit From Banks- For Raw Material 180,124,003 91,330,396
501,246,412 382,405,443
Primary Security -
1) Hypothecation of Fixed Assets, Stock & Book Debts
2) Lien on Fixed Deposits & Personal Guarantee of
Directors & Their Relatives
3) Corporate Guarantee of Laptop Vyapaar Pvt. Ltd.
4) Corporate Guarantee of Singh Suppliers Pvt. Ltd.
85
[201000] Notes - Tangible assets
Disclosure of tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
carrying amount [Axis] [Member] impairment [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 2,07,29,024 2,48,53,071 2,07,29,024 2,48,53,071
assets
Acquisitions through
business combinations 42,444 0 42,444 0
tangible assets
Depreciation tangible assets -2,27,05,108 -2,29,98,674 2,27,05,108 2,29,98,674
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Revaluation increase
0 0 0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
0 0 0 0
through demergers
Disposals tangible assets,
5,92,123 32,38,496 24,36,500 1,24,44,241 18,44,377 92,05,745
others
Total disposals tangible
5,92,123 32,38,496 24,36,500 1,24,44,241 18,44,377 92,05,745
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
tangible assets
0 0 0 0 0 0
assets, others
Total other adjustments
0 0 0 0 0 0
tangible assets
Total changes in tangible
-25,25,763 -13,84,099 1,83,34,968 1,24,08,830 2,08,60,731 1,37,92,929
assets
Tangible assets at end of period 19,55,16,928 19,80,42,689 41,31,98,569 39,48,63,599 21,76,81,641 19,68,20,910
86

Classes of tangible assets [Axis] Land [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 0 0 0 0
assets
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets 0 0 0 0
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
0 0 0 0 0 0
assets
Tangible assets at end of period 5,64,78,655 5,64,78,655 5,64,78,655 5,64,78,655 0 0
87

Sub classes of tangible assets [Axis] Owned assets [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 0 0 0 0
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
0 0 0 0 0 0
assets
Tangible assets at end of period 5,64,78,655 5,64,78,655 5,64,78,655 5,64,78,655 0 0
88

Classes of tangible assets [Axis] Buildings [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 61,37,365 2,89,964 61,37,365 2,89,964
assets
tangible assets
Depreciation tangible assets -62,53,998 -69,33,494 62,53,998 69,33,494
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
-1,16,633 -66,43,530 61,37,365 2,89,964 62,53,998 69,33,494
assets
89

Classes of tangible assets [Axis] Office building [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
-3,53,694 -3,74,561 0 0 3,53,694 3,74,561
assets
Tangible assets at end of period 64,15,439 67,69,133 1,06,72,314 1,06,72,314 42,56,875 39,03,181
90

Classes of tangible assets [Axis] Office building [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
-3,53,694 -3,74,561 0 0 3,53,694 3,74,561
assets
Tangible assets at end of period 64,15,439 67,69,133 1,06,72,314 1,06,72,314 42,56,875 39,03,181
91

Classes of tangible assets [Axis] Factory building [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
2,37,061 -62,68,969 61,37,365 2,89,964 59,00,304 65,58,933
assets
92

Classes of tangible assets [Axis] Factory building [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
2,37,061 -62,68,969 61,37,365 2,89,964 59,00,304 65,58,933
assets
93

Classes of tangible assets [Axis] Plant and equipment [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
5,92,123 30,34,173 24,36,500 1,15,02,979 18,44,377 84,68,806
others
5,92,123 30,34,173 24,36,500 1,15,02,979 18,44,377 84,68,806
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
-23,21,383 49,54,659 1,06,21,439 1,13,35,391 1,29,42,822 63,80,732
assets
94

Classes of tangible assets [Axis] Factory equipments [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
5,92,123 30,34,173 24,36,500 1,15,02,979 18,44,377 84,68,806
others
5,92,123 30,34,173 24,36,500 1,15,02,979 18,44,377 84,68,806
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
-23,21,383 49,54,659 1,06,21,439 1,13,35,391 1,29,42,822 63,80,732
assets
95

01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
5,92,123 30,34,173 24,36,500 1,15,02,979 18,44,377 84,68,806
others
5,92,123 30,34,173 24,36,500 1,15,02,979 18,44,377 84,68,806
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
-23,21,383 49,54,659 1,06,21,439 1,13,35,391 1,29,42,822 63,80,732
assets
96

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets -98,561 -1,24,082 98,561 1,24,082
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
-56,117 -1,24,082 42,444 0 98,561 1,24,082
assets
Tangible assets at end of period 3,08,336 3,64,452 19,12,266 18,69,822 16,03,930 15,05,370
97

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets -98,561 -1,24,082 98,561 1,24,082
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
-56,117 -1,24,082 42,444 0 98,561 1,24,082
assets
98

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
business combinations tangible 0 4,46,429 0 4,46,429
assets
business combinations 0 0
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 41,421 0 7,78,360 0 7,36,939
others
0 41,421 0 7,78,360 0 7,36,939
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-4,54,433 -1,28,967 0 -3,31,931 4,54,433 -2,02,964
assets
99

Classes of tangible assets [Axis] Motor vehicles [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 41,421 0 7,78,360 0 7,36,939
others
0 41,421 0 7,78,360 0 7,36,939
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-4,54,433 -1,28,967 0 -3,31,931 4,54,433 -2,02,964
assets
100

Classes of tangible assets [Axis] Motor vehicles [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 41,421 0 7,78,360 0 7,36,939
others
0 41,421 0 7,78,360 0 7,36,939
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-4,54,433 -1,28,967 0 -3,31,931 4,54,433 -2,02,964
assets
101

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 1,62,902 0 1,62,902 0 0
others
0 1,62,902 0 1,62,902 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
4,55,257 5,97,873 15,33,720 11,15,406 10,78,463 5,17,533
assets
102

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 1,62,902 0 1,62,902 0 0
others
0 1,62,902 0 1,62,902 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
4,55,257 5,97,873 15,33,720 11,15,406 10,78,463 5,17,533
assets
103

Classes of tangible assets [Axis] Other tangible assets [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets -32,454 -40,052 32,454 40,052
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
-32,454 -40,052 0 0 32,454 40,052
assets
104

Classes of tangible assets [Axis] Other tangible assets, others [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
Nature of other tangible assets Mobile Phone Mobile Phone Mobile Phone Mobile Phone Mobile Phone Mobile Phone
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
-32,454 -40,052 0 0 32,454 40,052
assets
105

Classes of tangible assets [Axis] Other tangible assets, others [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
Nature of other tangible assets Mobile Phone Mobile Phone Mobile Phone Mobile Phone Mobile Phone Mobile Phone
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
-32,454 -40,052 0 0 32,454 40,052
assets
106
Disclosure of additional information tangible assets [Table] ..(1)

Company total tangible assets
[Member]
Owned and leased assets Owned and leased assets
[Member] [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of additional information
tangible assets [LineItems]
Depreciation method tangible assets WDV WDV WDV WDV WDV WDV
As mentioned in As mentioned in
the annexed the annexed
Useful lives or depreciation rates Notes on Notes on
NIL NIL NIL NIL
tangible assets Accounts Accounts
(Accounting (Accounting
Policy). Policy).

Classes of tangible assets [Axis] Buildings [Member] Office building [Member]
[Member] [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
Useful lives or depreciation rates
30 / 60 YEARS 30 / 60 YEARS 60 YEARS 60 YEARS 60 YEARS 60 YEARS
tangible assets

Classes of tangible assets [Axis] Factory building [Member] Plant and equipment [Member]
[Member] [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
30 YEARS 30 YEARS 30 YEARS 30 YEARS 15 YEARS 15 YEARS
tangible assets
107

Furniture and fixtures
[Member]
[Member] [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
tangible assets

Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member] Motor vehicles [Member]
[Member] [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
tangible assets

Classes of tangible assets [Axis] Motor vehicles [Member] Computer equipments [Member]
Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
[Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
tangible assets

Classes of tangible assets [Axis] Other tangible assets [Member] Other tangible assets, others [Member]
[Member] [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
tangible assets
108

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of notes on tangible assets explanatory [TextBlock]
Disclosure of accounting policy on tangible assets [TextBlock] [See below] [See below]
109
Disclosure of accounting policy on tangible assets [Text Block]

Depreciation (AS - 6):
Depreciation on Fixed Assets is provided for on WDV method over the useful life of the asset , which is as stated in Schedule-II of companies
Act, 2013.The Details of estimated life of each category of assets is as under-
Land- Nil
Factory Building- 30 Years
Office Building- 60 years
Plant & Machinery- 15 years
Furniture- 10 Years
Motor Vehicle- 8 Years
Computer & Printer- 3 Years
Depreciation in respect of additions to assets has been charged on pro rata basis with reference to the period of use of such assets.
Accounting for Fixed Assets (AS - 10):
Fixed Assets are stated at cost less accumulated depreciation. Cost includes borrowing costs as per Accounting Standard AS-16 issued by Institute
of Chartered Accountants of India (ICAI) and all incidental expenditure net of CENVAT, Service Tax Input Credit and VAT Input Credit, Goods
& services Tax Credit wherever applicable.
Revenue expenses incurred in connection with project implementation insofar as such expenses relate to the period prior to the commencement of
commercial production are treated as part of project cost and capitalized.
Intangible Assets (AS - 26):
The values of internally generated intangible assets are not recognized in the accounts.
Intangible assets acquired by payment e.g., Trade marks etc are disclosed at cost and expenses incurred for creating the same. The same is carried
in the Balance Sheet as a Fixed Asset at its carrying cost.
Impairment 0f Assets (AS - 28):
There is no indication of any impairment based on internal/external factors in relation to the assets of the Company and as such, this Standard is
not applicable in case of the Company.
110
Disclosure of accounting policy on tangible assets [Text Block]

Depreciation (AS - 6):
Depreciation on Fixed Assets is provided for on WDV method over the useful life of the asset , which is as stated in Schedule-II of companies
Act, 2013.The Details of estimated life of each category of assets is as under-
Land- Nil
Factory Building- 30 Years
Office Building- 60 years
Plant & Machinery- 15 years
Furniture- 10 Years
Motor Vehicle- 8 Years
Computer & Printer- 3 Years
Accounting for Fixed Assets (AS - 10):
Fixed Assets are stated at cost less accumulated depreciation. Cost includes borrowing costs as per Accounting Standard AS-16 issued by Institute
of Chartered Accountants of India (ICAI) and all incidental expenditure net of CENVAT, Service Tax Input Credit and VAT Input Credit, Goods
& services Tax Credit wherever applicable.
Revenue expenses incurred in connection with project implementation insofar as such expenses relate to the period prior to the commencement of
commercial production are treated as part of project cost and capitalized.
Intangible Assets (AS - 26):
The values of internally generated intangible assets are not recognized in the accounts.
Intangible assets acquired by payment e.g., Trade marks etc are disclosed at cost and expenses incurred for creating the same. The same is carried
in the Balance Sheet as a Fixed Asset at its carrying cost.
111
[201100] Notes - Intangible assets
Disclosure of additional information intangible assets [Table] ..(1)

Company total intangible assets Brands and trade marks
Classes of intangible assets [Axis] Trade marks [Member]
[Member] [Member]
Internally generated and other Internally generated and other Internally generated and other
Sub classes of intangible assets [Axis] than internally generated than internally generated than internally generated
intangible assets [Member] intangible assets [Member] intangible assets [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
intangible assets [Abstract]
intangible assets [LineItems]
As mentioned in As mentioned in As mentioned in As mentioned in As mentioned in As mentioned
the annexed the annexed the annexed the annexed the annexed in the annexed
Useful lives or amortization rates Notes on Notes on Notes on Notes on Notes o n Notes on
intangible assets Accounts Accounts Accounts Accounts Accounts Accounts
(Accounting (Accounting (Accounting (Accounting (Accounting (Accounting
Policy). Policy). Policy). Policy). Policy). Policy).
As mentioned in As mentioned in As mentioned in As mentioned in As mentioned in As mentioned
the annexed the annexed the annexed the annexed the annexed in the annexed
Description of amortization method Notes on Notes on Notes on Notes on Notes o n Notes on
used Accounts Accounts Accounts Accounts Accounts Accounts
(Accounting (Accounting (Accounting (Accounting (Accounting (Accounting
Policy). Policy). Policy). Policy). Policy). Policy).
Disclosure of additional information intangible assets [Table] ..(2)

Intangible assets
Internally
other than
generated
Sub classes of intangible assets [Axis] internally
intangible assets
generated
[Member]
[Member]
01/04/2017 01/04/2018
to to
31/03/2018 31/03/2019
Disclosure of additional information intangible assets [Abstract]
Disclosure of additional information intangible assets [LineItems]
As mentioned in the As mentioned in the
annexed Notes on annexed Notes on
Useful lives or amortization rates intangible assets Accounts Accounts
(Accounting Policy). (Accounting Policy).
As mentioned in the As mentioned in the
annexed Notes on annexed Notes on
Description of amortization method used Accounts Accounts
(Accounting Policy). (Accounting Policy).
112
Disclosure of intangible assets [Table] ..(1)

Classes of intangible assets [Axis] Company total intangible assets [Member]
Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]
Carrying amount accumulated amortization and Gross carrying amount Accumulated amortization and
impairment and gross carrying amount [Axis] [Member] impairment [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
0 0 0 0
development
intangible assets
intangible assets
Total additions to
0 0 0 0
intangible assets
Amortization intangible assets 0 0 0 0
Impairment loss
loss intangible assets
intangible assets
0 0 0 0
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0 0 0 0 0
assets through demergers
0 0 0 0 0 0
assets, others
Total disposals intangible
0 0 0 0 0 0
assets
Retirements of intangible
0 0 0 0 0
assets
Other adjustments intangible
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0 0 0
intangible assets, others
0 0 0 0 0 0
intangible assets
Total changes in intangible
0 0 0 0 0 0
assets
Intangible assets at end of period 87,500 87,500 87,500 87,500 0 0
113

Classes of intangible assets [Axis] Brands and trade marks [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
[Abstract]
0 0 0 0
development
intangible assets
intangible assets
Total additions to
0 0 0 0
intangible assets
Impairment loss
intangible assets
0 0 0 0
[Abstract]
0 0 0 0 0 0
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
0 0 0 0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
0 0 0 0 0 0
assets
114

01/04/2018 01/04/2017 01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018 31/03/2019 31/03/2018
[LineItems]
[Abstract]
[Abstract]
0 0 0 0
development
intangible assets
intangible assets
Total additions to
0 0 0 0
intangible assets
Impairment loss
intangible assets
0 0 0 0
[Abstract]
0 0 0 0 0 0
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
0 0 0 0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
0 0 0 0 0 0
assets
115

Intangible assets other than internally generated
Sub classes of intangible assets [Axis] Internally generated intangible assets [Member]
[Member]
Accumulated
Accumulated
Carrying Gross carrying Carrying Gross carrying amortization
Carrying amount accumulated amortization and amortization
amount amount amount amount and
impairment and gross carrying amount [Axis] and impairment
[Member] [Member] [Member] [Member] impairment
[Member]
[Member]
01/04/2017 01/04/2017 01/04/2017 01/04/2018 01/04/2018 01/04/2018
to to to to to to
31/03/2018 31/03/2018 31/03/2018 31/03/2019 31/03/2019 31/03/2019
[LineItems]
[Abstract]
[Abstract]
0 0 0 0
development
intangible assets
intangible assets
Total additions to
0 0 0 0
intangible assets
Impairment loss
intangible assets
0 0 0 0
[Abstract]
0 0 0 0 0 0
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
0 0 0 0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0 0 0
0 0 0 0 0 0
intangible assets
0 0 0 0 0 0
assets
Intangible assets at end of period 87,500 87,500 0 87,500 87,500 0
116
[200400] Notes - Non-current investments

31/03/2019 31/03/2018
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 0 0
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 0 0
Aggregate provision for diminution in value of non-current investments 0 0
[200500] Notes - Current investments

31/03/2019 31/03/2018
Disclosure of notes on current investments explanatory [TextBlock]
Aggregate amount of quoted current investments 0 0
Market value of quoted current investments 0 0
Aggregate amount of unquoted current investments 0 0
Aggregate provision for diminution in value of current investments 0 0
[200600] Notes - Subclassification and notes on liabilities and assets
Disclosure of breakup of provisions [Table] ..(1)

31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets [Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provision for corporate tax [Abstract]
Provision for current tax 1,83,51,005 2,00,21,036
Total provision for corporate tax 1,83,51,005 2,00,21,036
CSR expenditure provision 0 0
Total provisions 1,83,51,005 2,00,21,036
117
Loans and advances [Table] ..(1)

Loans advances given suppliers Loans advances given employees
Classification of loans and advances [Axis]
[Member] [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 25,13,533 63,36,715 16,17,365 17,21,629
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 25,13,533 63,36,715 16,17,365 17,21,629
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
Total loans and advances due by
0 0 0 0
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
0 0 0 0
which any director is partner
Loans and advances due by private
companies in which any director is 0 0 0 0
director
Loans and advances due by private
companies in which any director is 0 0 0 0
member
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member] Raw materials [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 120,16,06,088 109,51,19,043 105,43,08,381 87,31,33,763
At Cost or Net At Cost or Net
Mode of valuation Realisable Value Realisable Value At Cost At Cost
whichever is lower. whichever is lower.
118

Classification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Inventories 3,29,21,838 3,12,48,722 10,07,98,867 18,05,28,298
At Cost of materials At Cost of materials At Cost or Net At Cost or Net
Mode of valuation & direct expenses & direct expenses Realisable Value Realisable Value
whichever is lower whichever is lower whichever is lower. whichever is lower.

Stock-in-trade
Classification of inventories [Axis] Stores and spares [Member]
[Member]
01/04/2017 01/04/2018 01/04/2017
to to to
31/03/2018 31/03/2019 31/03/2018
Subclassification and notes on liabilities and assets [Abstract]
Inventories 0 1,35,77,002 1,02,08,260
Mode of valuation At Cost At Cost At Cost
119
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 33,87,54,752 29,29,80,918 33,87,54,752 29,29,80,918
Allowance for bad and doubtful debts 0 0 0 0
Total trade receivables 33,87,54,752 29,29,80,918 33,87,54,752 29,29,80,918
Details of trade receivables due by
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 0 0
Total trade receivables due by
directors, other officers or 0 0
others
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Trade receivables due by firms in
0 0
which any director is partner
Trade receivables due by private
companies in which any director 0 0
is director
Trade receivables due by private
companies in which any director 0 0
is member
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director
120

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term 0 0
Others long-term, others 0 0
Total others, long-term 0 0
Total other long-term liabilities 0 0
Current maturities of long-term debt 20,52,849 31,95,301
Interest accrued but not due on borrowings 0 0
Interest accrued and due on borrowings 0 0
Interest accrued but not due on public deposits 0 0
Interest accrued and due on public deposits 0 0
Debentures claimed but not paid 0 0
Unpaid dividends 0 0
Application money received for allotment of securities and
0 0
due for refund, principal
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Withholding taxes payable 18,84,896 11,36,894
VAT payable 0 0
Excise duty payable 0 2,16,518
Taxes payable sales tax 0 0
Taxes payable other tax 1,84,10,529 7,56,531
Accrued expenses payable 1,54,77,811 2,96,82,947
Public deposit payable, current 0 0
Total other payables, current 3,57,73,236 3,17,92,890
Advance received from customers 1,21,63,425 39,40,720
Accrued payroll liabilities, other 52,624 15,901
Contribution to provident fund scheme 5,42,485 2,27,580
Current liabilities portion of share application money pending
0 0
allotment
Total other current liabilities 5,05,84,619 3,91,72,392
Other non-current assets, others 4,13,47,402 3,75,74,338
Total other non-current assets 4,13,47,402 3,75,74,338
Security Deposit,
Security Deposit, Fixed
Accrued Gratuity, Fixed
Nature of other non-current assets, others Deposits against
Deposits against
collateral etc
collateral etc
Aggregate amount of trade receivables outstanding for period
5,95,77,845 4,21,15,863
exceeding six months
Fixed deposits with banks 11,58,61,811 11,36,98,563
Other balances with banks 21,80,676 10,96,253
Total balance with banks 11,80,42,487 11,47,94,816
Cash on hand 2,49,790 14,29,258
Total cash and cash equivalents 11,82,92,277 11,62,24,074
Total cash and bank balances 11,82,92,277 11,62,24,074
Balances held with banks to extent held as margin money 0 0
Balances held with banks to extent held as security against
0 0
borrowings
Balances held with banks to extent held as guarantees 0 0
Balances held with banks to extent held against other
0 0
commitments
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than twelve months maturity 0 0
Interest receivable 22,75,896 30,88,280
Other current assets, others 3,44,46,802 5,20,48,145
Total other current assets 3,67,22,698 5,51,36,425
121
[200700] Notes - Additional disclosures on balance sheet
Details of shareholding pattern of promoters and public [Table] ..(1)

Public
Promoters
Shareholding pattern of promoters and public [Axis] shareholding
[Member]
[Member]
Classification based on nationality or origin [Axis] Indian [Member] Indian [Member]
01/04/2018 01/04/2018
to to
31/03/2019 31/03/2019
Additional balance sheet notes [Abstract]
Details of shareholding pattern of promoters and public [Abstract]
Details of shareholding pattern of promoters and public [LineItems]
Number of shares held by Indian [shares] 25,34,700 [shares] 19,000
Percentage of shares held by Indian 28.00% 0.00%
Number of shares held by body corporate [shares] 65,35,720
Percentage of shares held by body corporate 72.00%
Total number of shares [shares] 90,70,420 [shares] 19,000
Total of percentage shares 100.00% 0.00%
122

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of additional balance sheet notes explanatory [TextBlock]
Claims against company not acknowledged as debt 0 0
Guarantees 0 0
Other money for which company is contingently liable 4,81,55,131 4,81,55,131
Total contingent liabilities 4,81,55,131 4,81,55,131
Estimated amount of contracts remaining to be executed on
0 0
capital account and not provided for
Uncalled liability on shares and other investments partly paid 0 0
Other commitments 0 0
Total commitments 0 0
Total contingent liabilities and commitments 4,81,55,131 4,81,55,131
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Number of shareholders promoters 10 10
Number of shareholders public 1 1
Total number of shareholders promoters and public 11 11
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year 0 0
Number of person share application money received during year 0 0
Number of person share application money paid as at end of year 0 0
Number of person share application money received as at end of year 0 0
Disclosure of whether all assets and liabilities are registered with
Yes Yes
company
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
Whether audit of cost records of company has been mandated
No No
under Rules specified in SN 1
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Number of warrants converted into equity shares during period 0 0
Number of warrants converted into preference shares during period 0 0
Number of warrants converted into debentures during period 0 0
Number of warrants issued during period (in foreign currency) 0 0
Number of warrants issued during period (INR) 0 0
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of accounting policies, change in accounting policies and Textual information (39) Textual information (40)
changes in estimates explanatory [TextBlock] [See below] [See below]
123
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
Schedule Annexed to and forming part of the Accounts for the year ended 31st March'2019
Note no. 1
SIGNIFICANT ACCOUNTING POLICIES:Disclosure of Accounting Policies (AS-1):Nature of Operation
Company is engaged in the business of manufacturing plywood, block board, veneers and allied products at its factory located at Baidyabati, West
Bengal. In addition it engages in import and trading of timber logs and sawn timber.
Accounting Concepts & Basis of Presentation
The financial statements are prepared in accordance with Indian Generally Accepted Accounting Principles (GAAP) under the historical cost
convention on the accrual basis. GAAP comprises mandatory accounting standards as notified under section 133 of Companies Act,2013
Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an
existing accounting standard requires a change in the accounting policy hitherto in use. The management evaluates all recently issued or revised
accounting standards on an on-going basis. Where changes are made in presentation, the comparative figures of the previous year are regrouped
and re-arranged accordingly. Use of Estimates:
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements
and the results of operations during the reporting period end. Although these estimates are based upon management's best knowledge of current
events and actions, actual results could differ from these estimates.
Valuation of Inventories (AS-2):Stock of Raw Materials, Stores and spare parts are valued at cost and Direct Expenses; and of those in transit, at
port and at Bonded Warehouse related to these items are valued at cost to date. Goods-in-process is valued at cost of materials and direct expenses
incurred for production of the goods till that stage. Stock of Finished goods and semi-finished goods are valued at cost or net realisable value
whichever is lower. Waste and scraps are accounted at estimated realisable value. Cost of inventories is generally ascertained on the 'weighted
average' basis. Goods-in process, finished and semi-finished goods are valued on absorption cost basis.
Cash Flow Statement (AS - 3):
Cash flows are reported using indirect method, whereby profit before tax is adjusted for the effects transactions of a non-cash nature and any
deferrals or accruals of past or future cash receipts or payments. The cash flow from regular revenue generating, financing and investing activities
of the Company is segregated. Cash and cash equivalents in the balance sheet comprise cash at bank (excluding pledged term deposits),
cash/cheques in hand and short term investments with an original maturity of three months or less.
Contingencies and Events Occurring after Balance Sheet Date (AS -4):
Disclosure of contingencies as required by the accounting standard is furnished in the Notes on accounts.
Net Profit or Loss for the period, prior period items and changes in Accounting Policies (AS - 5):
Net Profit or loss for the period and prior period items are shown in the Profit & Loss Account.
124
Depreciation (AS - 6):Depreciation on Fixed Assets is provided for on WDV method over the useful life of the asset , which is as stated in
Schedule-II of companies Act, 2013.The Details of estimated life of each category of assets is as under- Land- Nil Factory Building- 30 Years
Office Building- 60 years Plant & Machinery- 15 years Furniture- 10 Years Motor Vehicle- 8 Years Computer & Printer- 3 YearsConstruction
Contracts (AS-7):
This Standard is not applicable in case of the Company.
Revenue Recognition (AS -9):
Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably
measured.
Sales are shown after deducting Discount & Rebate, Goods & services Tax.
Interest income is recognized on a time proportion basis taking into account the amount outstanding and rate applicable.
Accounting for Fixed Assets (AS - 10):Fixed Assets are stated at cost less accumulated depreciation. Cost includes borrowing costs as per
Accounting Standard AS-16 issued by Institute of Chartered Accountants of India (ICAI) and all incidental expenditure net of Goods & services
Tax Creditwherever applicable. Revenue expenses incurred in connection with project implementation insofar as such expenses relate to the
period prior to the commencement of commercial production are treated as part of project cost and capitalized.
Accounting for the Effects in Foreign Exchange Rates (AS - 11):Transactions denominated in foreign currency are normally recorded at the
exchange rates prevailing at the time of the transactions. In conformity with revised Accounting Standard (AS - 11), issued by the Institute of
Chartered Accountants of India (ICAI), monetary items denominated in foreign currencies at the year end and not covered by forward exchange
contracts are translated at year end rates and those covered by forward exchange contracts are translated at the rate ruling at the date of transaction
as increased or decreased by the difference between the forward rate and exchange rate on the date of transaction, such difference having been
amortized over the life of the contract. Non-monetary items carried at historical cost are reported using the rate at the date of transaction.
Accounting for Government Grants (AS - 12):
The Company has not received any grants from the Government.
Accounting for Investment (AS - 13):
Investments, being long term in nature, are valued at cost of acquisition. Adjustment for increase/decrease in the value of investments, if any, will
be accounted for on realisation of the investments.
Accounting for Amalgamation (AS - 14):
The company has not entered into any amalgamation contract in the financial year.
Employee Benefits (AS - 15):Short-term employee benefits are recognized as an expense at the undiscounted amount in the profit and loss
account of the year in which the related service is rendered. In case of Post retirement benefits - Contribution to defined plans representing current
service cost are recognized as expenses on the basis of actuarial valuation based on projected unit credit method.
125
Borrowing Costs (AS - 16):
Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of such assets. A
qualifying asset is one that takes necessarily substantial period of time to get ready for its intended use. All other borrowing costs are charged to
revenue.
Segment Reporting (AS - 17):Identification of Segments:
Primary Segment - Business Segment
The analysis of primary segment is based on the nature of activity. The business segment identified and considered for disclosure are as follows:
Manufacturing SegmentRelated Party Disclosures (AS - 18):
Details of related parties are mentioned in the notes below.
Leases (AS - 19):
There are no leases operating within the company.
Earnings per Share (AS - 20):
Basic earnings (loss) per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted
average number of equity shares outstanding during the period.
Consolidated Financial Statements (AS - 21):
Accounting for Taxes on Income (AS - 22):
The differences that result between the profit considered for income taxes and the profit as per the financial statements are identified, and
thereafter a deferred tax asset or deferred tax liability is recorded for timing differences, namely the differences that originate in one accounting
period and reverse in another, based on the tax effect of the aggregate amount being considered. The tax effect is calculated on the accumulated
timing differences at the end of an accounting period based on prevailing enacted or substantially enacted regulations. Deferred Tax Assets are
recognized only if there is reasonable certainty that they will be realized and are reviewed for the appropriateness of their respective carrying
values at each balance sheet date. The income tax provision for the interim period is made based on the best estimate of the annual average tax
rate expected to be applicable for the full fiscal year.
Accounting for Investments in Associates in Consolidated Financial Statements (AS - 23):
Discontinuing Operations (AS - 24):
This Standard is not applicable in case of the Company as the Company has not discontinued any operations during the year.
126
Interim Financial Reporting (AS - 25):
This Standard is not applicable in case of the Company as the Company is not listed in any stock exchange.
Intangible Assets (AS - 26):The values of internally generated intangible assets are not recognized in the accounts. Intangible assets acquired by
payment e.g., Trade marks etc are disclosed at cost and expenses incurred for creating the same. The same is carried in the Balance Sheet as a
Fixed Asset at its carrying cost.
Financial Reporting of Interests in Joint Ventures (AS - 27):
This Standard is not applicable in case of the Company as the Company has not entered into any Joint Venture.
bb)Provisions, Contingent Liabilities and Contingent Assets (AS - 29):Provisions are made for present obligations arising as a result of past
events. Contingent liabilities are not provided for but are reported in the notes to the accounts. Contingent assets are not accounted for.
Consumption of Raw Materials, Stores & Spare Parts Etc.
Raw Materials, Stores and spare parts etc., consumed are exclusive of Goods & services Tax.
dd)Goods & Services Tax:
Various expenses are accounted for after deducting the input tax credit available in respect of Goods & Services Tax.
Taxation:Tax expenses comprise of income tax, deferred tax including applicable surcharge and cess. Income taxes are computed using the tax
effect accounting method, where taxes are accrued in the same period the related revenue and expenses arise. A provision is made for income tax
annually, based on the tax liability computed, after considering tax allowances and exemptions. Provisions are recorded when it is estimated that a
liability due to disallowances or other matters is probable. MAT (Minimum Alternate Tax) credit is recognised as an asset only when and to the
extent there is convincing evidence that the company will pay normal income tax during the specified period. In the year in which the MAT credit
becomes eligible to be recognized as an asset in accordance with the recommendations contained in guidance Note issued by the Institute of
Chartered Accountants of India, the said asset is created by way of a credit to the profit and loss account and shown as MAT Credit Entitlement.
The Company reviews the same at each balance sheet date and writes down the carrying out of MAT Credit Entitlement to the extent there is no
longer convincing evidence to the effect that Company will pay normal Income Tax during the specified period.Trading SegmentSecondary
Segment - Geographical Segment:
The analysis of geographical segment is based on the geographical location of the customers. The geographical segments considered for
disclosure are as follows:
Sales within West Bengal include sales to customers located in West Bengal.Sales outside West Bengal include sales to customers located outside
127
West Bengal.
Details of segment reports are mentioned in the notes below.
NOTES ON ACCOUNTS: 26
1. Capital Commitments:
Estimated amount of contracts remaining to be executed on capital account and not provided for - Rs. Nil (P.Y. Nil)
2. Deferred Revenue Expenditure
Company has Expended Rs. 22,716,635.00 for Advertisement & Publicity Expenditure during the F.Y. 2018-19.
Management has decided to write off some of the expenditure in the next year. As a result the Company has transferred Rs. 8,409,358.00 form
Advertisement & Publicity Expenditure and treated the same as Deferred Revenue Expenditure.
3. Contingent Liabilities:
128
Contingent Liability F.Y. 2018-19 F.Y. 2017-18
In respect of Counter Guarantee to Bank Rs. 6,300,000.00 Rs. 6,300,000.00
In respect of Customs( F.Y- 2005-06) Rs. 1,018,178.00 Rs. 1,018,178.00
In respect Of CENVAT Credit Rs. 1,162,496.00 Rs. 1,162,496.00
In respect of Entry Tax- 2013-14 Rs.14,079,173.00 Rs.14,079,173.00
*Liabilities under LC are fully included in Sundry Creditors under LC under Trade Payables (Note-7) amounting to Rs.566,430,119.
4. Information Regarding Micro, Small and Medium Enterprises:
Based on the information/documents available with the Company, information as per the requirements of section 22 of the Micro, Small and
Medium Enterprises Development Act, 2006
2018-19 2017-18
Rs.4,547,570.00
Principal Amount due to above -
5. Disclosures Regarding Employee Benefits:
Defined Contribution Plan:
Employee benefits in the form of Provident Fund and ESI are considered as defined contribution plan and the contributions to Employees'
Provident Fund Organization established under The Employees' Provident Fund and Miscellaneous Provisions Act 1952 and Employees' State
Insurance Act, 1948, respectively, are charged to the Profit and Loss Account of the year when the contributions to the respective funds are due.
129
During the financial year the company has recognized and charged the following amount to defined contribution plan:
Particulars F.Y. 2018-19 F.Y. 2017-18
Employer contribution to Provident Fund Rs. 3,321,579 Rs.2,505,416
Employer contribution to ESI Rs. 526,007 Rs.470,665
For payment of Gratuity to employee's under the Payment of Gratuity act 1972 the company has created a trust fund with LIC, as a define
contribution plan. The following tables summaries the components of net benefit expense recognized in the statement of profit and loss and the
Funded status and amounts recognized in the balance sheet for the Post - retirement benefit plans.
Expenses Recognized in statement of Profit and Loss Account for FY-18-19
Current Service cost 530,773.00
Interest Cost 142,265.00
Expected return on plan assets (191,769.44)
Net Actuarial (gain) / loss recognized in the year (163,751.00)
Expenses recognized in statement of profit and loss 317,517.56
Net Asset / (Liability) recognized in the Balance Sheet as on 31.03.2019
Present value of obligations as at the end of year 2,406,149.00
Fair value of plan assets as at the end of the year 2,866,930.01
130
Funded status 460,781.01
Net asset / (liability) recognized in balance sheet 460,781.01
Table Showing changes in present value of obligation As on 31.03.2019
Present value of obligations as at beginning of the year 1,896,862.00
Interest cost 142,265.00
Current Service Cost 530,773.00
Benefits Paid -
Actuarial (gain)/ loss on obligations (163,751.00)
Present Value of obligations as at end of year 2,406,149.00
Table Showing changes in the fair value of plan assets As on 31.03.2019
Fair Value of plan assets at beginning of year 2,141,750.30
Expected return on plan assets 191,769.40
Contributions 533,410.27
Benefits Paid -
Actuarial (gain)/ loss on plan assets -
Fair value of plan assets at the end of year 2,866,929.97
Table showing fair value of Plan Assets as on 31.03.2019
131
Actual return on plan Assets 191,769.44
Benefits Paid -
Excess of Actual over estimated return on plan assets -
Actuarial Gain/Loss recognized As on 31.03.2019
Actuarial (gain) / Loss on obligations 163,751.00
Actuarial (gain) / Loss for the year - plan assets -
Total (gain) / Loss for the year (163,751.00)
Actuarial (gain) / loss recognized in the year (163,751.00)
Assumption 31-03-19
Discount Rate 7.50%
Salary Escalation 5.25%
Since the company has given effect for gratuity as per AS-15 for the first time so as per the transition provisions, an adjustment of Rs. 244,888
has been made to the opening balance of Profit & loss Account. The company does not have any liability for leave encashment as the un-availed
leave are neither allowed to be carried forward to next financial year nor compensated.
132
6. Manufactured goods consumed for own use is accounted for at Cost of Production.
7. Segment Reporting (Under Accounting Standard AS - 17 issued by ICAI)
Segment information has been prepared in conformity with the accounting policies adopted for preparing and presenting the financial statements
of the Company. As part of secondary reporting, revenues are attributed to geographical areas based on the location of the customers. The
following table presents the revenue, profit, assets and liabilities information relating to the business / geographical segment for the year ended
31st March, 2019.
Information about Business Segment - Primary
Particulars As on 31/03/2019 As on 31/03/2018
Sales(Excluding Taxes)
Sales (Trading) 455,013,964 413,364,476
Sales (Manufacturing) 1,933,508,800 1,934,169,988
Total Sales 2,388,522,764 2,347,534,464
Purchases
Purchases (Manufacturing) 1,676,954,769 1,791,714,337
Total Purchase 1,676,954,769 1,791,714,337
Fixed Assets
Net Block of Assets (Trading) 614,455 775,841
Net Block of Assets (Manufacturing) 194,989,973 197,354,348
Total of Net Block of Assets 195,604,428 198,130,189
133
Information about Geographical Segment - Secondary
Sales
Sales Outside West Bengal Rs. 832,315,574 Rs. 542,253,979
Sales in West Bengal Rs. 1,556,207,190 Rs. 1,805,280,485
Total Sales Rs. 2,388,522,764 Rs.2,347,534,464
As on As on
Additions to Fixed assets and Intangible assets
31/03/2019 31/03/2018
West Bengal 20,771,468 Rs.24,853,071
Outside West Bengal - -
As on As on
Carrying amount of Segment Assets
31/03/2019 31/03/2018
West Bengal 195,604,428 198,130,189
Notes:-
The company has disclosed nature of Business as the primary segment. Segmentshave been identified taking into
account the nature of the products, the differing risks and returns, the organizational structure and internal reporting
system. The company's operations predominantly relate to manufacturing of plywood, block boards, veneer, other
business segment comprise of trading in timber and sawn timber.
Segment Revenue, Results, Assets and Liabilities include the respective amounts identifiable to each of the
segments as also amounts allocated on a reasonable basis. The expenses, which are not directly relatable to the
business segment, are shown as unallocated corporate cost. Assets and liabilities that cannot be allocated between
the segments are shown as unallocated corporate assets and liabilities respectively.
8. a) Purchases of Raw Material for Manufacturing includes direct expenditure incurred for bringing the
134
Raw material to present position and condition.
b) Payment to Auditors - (1) For Audit Fees- Rs. 125,000 (2) For Others-Rs. 79,814
9. Expenditure in foreign currency
i) Purchases US$ 17,496,640 15,438,072
ia) Purchase HKD$ - -
ib) Purchase Euro 22,243 -
ii) Interest, commission, bank charges US$ 24,739.51 46,224
iia) Interest, commission, bank charges HKD$ - -
iii) Purchase of Foreign Currency for Travelling US$ 8,700 17,100
iiia) Purchase of Foreign Currency for Travelling GBP - 2,000
iv) Capital items US$ - 148,650
10. Earnings in foreign currency
Export sales US$ Nil Nil
135
11. Disclosure in terms of AS- 18 - Related Party transactions
Nature of Nature of During the Maximum amount during the Closing Balance the
Name
Relationship Transactions Year year year
Rs. 3,600,000 Rs. 3,600,000 Nil

Jai Prakash Singh KMP Remuneration
(Rs.2,900,000) (Rs.2,900,000) (-)
Rs. 19,253 Rs. 19,253 (-)

Jai Prakash Singh KMP Sale
(-) (-) (-)
Rs. 2,400,000
Remuneration Rs. 2,400,000 Nil
Shakuntala Singh KMP
(Rs.
(Rs. 2,400,000) (-)
2,400,000)
Rs.60,000 Rs 60,000 (-)

Jai Prakash Singh KMP Rent Paid
(Rs.60,000) (Rs.60,000) (-)
(-) Rs.1,800,000
Security Deposit
Srishti Singh Relative of KMP Rs. 1,800,000 (Rs.1,800,000)
Paid
(-) (Rs.1,800,000)
(-)
(-)
Srishti Singh Relative of KMP Advance Rent Rs.600,000 (Rs.1,200,000) (Rs.600,000)
(-)
Rs.990,000 Rs.990,000
(-)
Srishti Singh Relative of KMP Rent Paid (Rs.990,000) (Rs.990,000)
(-)
Rs.54,978.00
Rs.97,898 (-)
Srishti Singh Relative of KMP Sale (Rs.257,199)
(Rs.257,199) (Rs.42,920)
Rs. 1,42,257 Rs. 1,42,257 (-)

Shree Krishna Timber Co. (P) Associated
Rent Paid
Ltd. Company
(Rs. 1,63,440) (Rs.1,63,440) (-)
Rs.69,620 Rs.69,620 (-)

Associated
Silvertoss Industries Pvt Ltd Rent Paid
Company
(Rs.75,225) (Rs.75,225) (-)
136
Silvertoss Industries Pvt Ltd Associated Rent Received Rs. 113,982 Rs. 113,982 (-)
Company
(Rs.66,493) (Rs.66,493) (-)
Rs.9,559 Rs.9,559 (-)

Associated
Silvertoss Industries Pvt Ltd Sale
Company
(-) (-) (-)
125,00,000 125,00,000 (-)

Prithvi Singh Relative of KMP Loan Taken
(-) (-) (-)
Rs.1,299,617 Rs.1,299,617 (-)

Prithvi Singh Relative of KMP Interest on Loan
(-) (-) (-)
Anand Kumar Singh (-)

(-) Rs. 168,057
Relative of KMP Advance
(Rs. 168,057) (Rs. 168,057)
(-)
Rs. 119.25 Cr Rs. 119.25 Cr

Rs. 10.00 Cr
Corporate
Laptop Vyappar Pvt. Ltd. Associate concern (Rs.109.25 Cr) (Rs.109.25 Cr)
Guarantee
(Rs.15.20 Cr)
Rs. 119.25 Cr Rs. 119.25 Cr

Rs. 10.00 Cr
Corporate
Singh Suppliers Pvt. Ltd. Associate concern (Rs.109.25 Cr) (Rs.109.25 Cr)
Guarantee
(Rs.15.20 Cr)
Note: Figures in brackets represent those of previous year.
12. Previous year's figures have been re-grouped/re-arranged wherever necessary.
For M.Raghunath & Co. For SYLVAN PLYBOARD (INDIA) LIMITED
Mayank Poddar Jai Prakash Singh Anand Kumar Singh
Partner (Chairman & Whole-Time Director) ( Managing Director)
MRN 305638 DIN-00655886 DIN-00651384
137
FRN 003347S
Place : Kolkata Mohit Barasia Rajneesh Mishra
Date : 21-05-2019 Chief Financial Officer Company Secretary
138
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
Schedule Annexed to and forming part of the Accounts for the year ended 31st March'2018
SIGNIFICANT ACCOUNTING POLICIES:
a) Disclosure of Accounting Policies (AS-1):
i. Nature of Operation
Company is engaged in the business of manufacturing plywood, block board, veneers and allied products at its factory located at Baidyabati, West
Bengal. In addition it engages in import and trading of timber logs and sawn timber.
ii. Accounting Concepts & Basis of Presentation
The financial statements are prepared in accordance with Indian Generally Accepted Accounting Principles (GAAP) under the historical cost
convention on the accrual basis. GAAP comprises mandatory accounting standards as notified under section 133 of Companies Act,2013
iii. Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a
revision to an existing accounting standard requires a change in the accounting policy hitherto in use. The management evaluates all recently
issued or revised accounting standards on an on-going basis. Where changes are made in presentation, the comparative figures of the previous
year are regrouped and re-arranged accordingly.
iv. Use of Estimates:
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements
and the results of operations during the reporting period end. Although these estimates are based upon management's best knowledge of current
events and actions, actual results could differ from these estimates.
b) Valuation of Inventories (AS-2):
i) Stock of Raw Materials, Stores and spare parts are valued at cost and Direct Expenses; and of those in transit, at port and at Bonded
Warehouse related to these items are valued at cost to date.
ii) Goods-in-process is valued at cost of materials and direct expenses incurred for production of the goods till that stage.
iii) Stock of Finished goods and semi-finished goods are valued at cost or net realisable value whichever is lower.
iv) Waste and scraps are accounted at estimated realisable value.
v) Cost of inventories is generally ascertained on the 'weighted average' basis. Goods-in process, finished and semi-finished goods are valued
on absorption cost basis.
139
c) Cash Flow Statement (AS - 3):
Cash flows are reported using indirect method, whereby profit before tax is adjusted for the effects transactions of a non-cash nature and any
deferrals or accruals of past or future cash receipts or payments. The cash flow from regular revenue generating, financing and investing activities
of the Company is segregated. Cash and cash equivalents in the balance sheet comprise cash at bank (excluding pledged term deposits),
cash/cheques in hand and short term investments with an original maturity of three months or less.
d) Contingencies and Events Occurring after Balance Sheet Date (AS -4):
Disclosure of contingencies as required by the accounting standard is furnished in the Notes on accounts.
e) Net Profit or Loss for the period, prior period items and changes in Accounting Policies (AS - 5):
Net Profit or loss for the period and prior period items are shown in the Profit & Loss Account.
f) Depreciation (AS - 6):
i) Depreciation on Fixed Assets is provided for on WDV method over the useful life of the asset , which is as stated in Schedule-II of
companies Act, 2013.The Details of estimated life of each category of assets is as under-
- Land- Nil
- Factory Building- 30 Years
- Office Building- 60 years
- Plant & Machinery- 15 years
- Furniture- 10 Years
- Motor Vehicle- 8 Years
- Computer & Printer- 3 Years
ii) Depreciation in respect of additions to assets has been charged on pro rata basis with reference to the period of use of such assets.
g) Construction Contracts (AS-7):
140
h) Revenue Recognition (AS -9):
measured.
i) Sales are shown after deducting Discount & Rebate, Goods & services Tax, Excise duty and Value Added Tax/Sales Tax.
ii) Interest income is recognized on a time proportion basis taking into account the amount outstanding and rate applicable.
iii) For the period when the manufacturing unit was eligible for SSI exemption from excise duty, the CENVAT credit available on excise duty
paid on capital inputs is carried forward for the subsequent period when it could be utilized.
i) Accounting for Fixed Assets (AS - 10):
i) Fixed Assets are stated at cost less accumulated depreciation. Cost includes borrowing costs as per Accounting Standard AS-16 issued by
Institute of Chartered Accountants of India (ICAI) and all incidental expenditure net of CENVAT, Service Tax Input Credit and VAT Input
Credit, Goods & services Tax Credit wherever applicable.
ii) Revenue expenses incurred in connection with project implementation insofar as such expenses relate to the period prior to the
commencement of commercial production are treated as part of project cost and capitalized.
j) Accounting for the Effects in Foreign Exchange Rates (AS - 11):
i) Transactions denominated in foreign currency are normally recorded at the exchange rates prevailing at the time of the transactions.
ii) In conformity with revised Accounting Standard (AS - 11), issued by the Institute of Chartered Accountants of India (ICAI), monetary
items denominated in foreign currencies at the year end and not covered by forward exchange contracts are translated at year end rates and those
covered by forward exchange contracts are translated at the rate ruling at the date of transaction as increased or decreased by the difference
between the forward rate and exchange rate on the date of transaction, such difference having been amortized over the life of the contract.
iii) Non-monetary items carried at historical cost are reported using the rate at the date of transaction.
k) Accounting for Government Grants (AS - 12):
The Company has not received any grants from the Government.
l) Accounting for Investment (AS - 13):
141
Investments, being long term in nature, are valued at cost of acquisition. Adjustment for increase/decrease in the value of investments, if any, will
be accounted for on realisation of the investments.
m) Accounting for Amalgamation (AS - 14):
The company has not entered into any amalgamation contract in the financial year.
n) Employee Benefits (AS - 15):
i) Short-term employee benefits are recognized as an expense at the undiscounted amount in the profit and loss account of the year in which
the related service is rendered.
ii) In case of Post retirement benefits - Contribution to defined plans representing current service cost are recognized as expenses on the basis
of actuarial valuation based on projected unit credit method.
o) Borrowing Costs (AS - 16):
Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of such assets. A
qualifying asset is one that takes necessarily substantial period of time to get ready for its intended use. All other borrowing costs are charged to
revenue.
p) Segment Reporting (AS - 17):
i) Identification of Segments:
ï¿½ Manufacturing Segment
ï¿½ Trading Segment
ii) Secondary Segment - Geographical Segment:
ï¿½ Sales within West Bengal include sales to customers located in West Bengal.
ï¿½ Sales outside West Bengal include sales to customers located outside West Bengal.
142
q) Related Party Disclosures (AS - 18):
Details of related parties are mentioned in the notes below.
r) Leases (AS - 19):
There are no leases operating within the company.
s) Earnings per Share (AS - 20):
Basic earnings (loss) per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted
average number of equity shares outstanding during the period.
t) Consolidated Financial Statements (AS - 21):
u) Accounting for Taxes on Income (AS - 22):
The differences that result between the profit considered for income taxes and the profit as per the financial statements are identified, and
thereafter a deferred tax asset or deferred tax liability is recorded for timing differences, namely the differences that originate in one accounting
period and reverse in another, based on the tax effect of the aggregate amount being considered. The tax effect is calculated on the accumulated
timing differences at the end of an accounting period based on prevailing enacted or substantially enacted regulations. Deferred Tax Assets are
recognized only if there is reasonable certainty that they will be realized and are reviewed for the appropriateness of their respective carrying
values at each balance sheet date. The income tax provision for the interim period is made based on the best estimate of the annual average tax
rate expected to be applicable for the full fiscal year.
v) Accounting for Investments in Associates in Consolidated Financial Statements (AS - 23):
w) Discontinuing Operations (AS - 24):
This Standard is not applicable in case of the Company as the Company has not discontinued any operations during the year.
143
x) Interim Financial Reporting (AS - 25):
This Standard is not applicable in case of the Company as the Company is not listed in any stock exchange.
y) Intangible Assets (AS - 26):
i) The values of internally generated intangible assets are not recognized in the accounts.
ii) Intangible assets acquired by payment e.g., Trade marks etc are disclosed at cost and expenses incurred for creating the same. The same is
carried in the Balance Sheet as a Fixed Asset at its carrying cost.
z) Financial Reporting of Interests in Joint Ventures (AS - 27):
This Standard is not applicable in case of the Company as the Company has not entered into any Joint Venture.
aa) Impairment 0f Assets (AS - 28):
bb) Provisions, Contingent Liabilities and Contingent Assets (AS - 29):
i) Provisions are made for present obligations arising as a result of past events.
ii) Contingent liabilities are not provided for but are reported in the notes to the accounts.
iii) Contingent assets are not accounted for.
cc) Central Excise Duty:
Excise Duty liability accruing on manufacture is accounted for as and when the liability for payment arises under the Central Excise Act, 1944.
Duty on finished goods lying at stock at factory at the close of the year has not been provided for in the accounts and hence not included in the
valuation of inventory of such goods.
144
dd) Consumption of Raw Materials, Stores & Spare Parts Etc.
Raw Materials, Stores and spare parts etc., consumed are exclusive of the following:
i) Excise Duty on inputs under CENVAT Scheme,
ii) Service tax input credits,
iii) VAT Input Credit under State laws, wherever applicable.
iv) Goods & Services Tax
ee) Goods & Services Tax:
Various expenses are accounted for after deducting the input tax credit available in respect of Goods & Services Tax.
ff) Taxation:
i) Tax expenses comprise of income tax, deferred tax including applicable surcharge and cess.
ii) Income taxes are computed using the tax effect accounting method, where taxes are accrued in the same period the related revenue and
expenses arise. A provision is made for income tax annually, based on the tax liability computed, after considering tax allowances and
exemptions. Provisions are recorded when it is estimated that a liability due to disallowances or other matters is probable.
iii) MAT (Minimum Alternate Tax) credit is recognised as an asset only when and to the extent there is convincing evidence that the company
will pay normal income tax during the specified period. In the year in which the MAT credit becomes eligible to be recognized as an asset in
accordance with the recommendations contained in guidance Note issued by the Institute of Chartered Accountants of India, the said asset is
created by way of a credit to the profit and loss account and shown as MAT Credit Entitlement. The Company reviews the same at each balance
sheet date and writes down the carrying out of MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that
Company will pay normal Income Tax during the specified period.
[201700] Notes - Government grants

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of notes on government grants explanatory [TextBlock]
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0
145
[201200] Notes - Employee benefits

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of employee benefits explanatory [TextBlock] [See below] [See below]
146
Disclosure of employee benefits explanatory [Text Block]

Employee Benefits (AS - 15):Short-term employee benefits are recognized as an expense at the undiscounted amount in the profit and loss
account of the year in which the related service is rendered. In case of Post retirement benefits - Contribution to defined plans representing current
service cost are recognized as expenses on the basis of actuarial valuation based on projected unit credit method.
Disclosures Regarding Employee Benefits:
Employer contribution to Provident Fund Rs. 3,321,579 Rs.2,505,416
Employer contribution to ESI Rs. 526,007 Rs.470,665
contribution plan. The following tables summaries the components of net benefit expense recognized in the statement of profit and loss and the
Funded status and amounts recognized in the balance sheet for the Post - retirement benefit plans.
Expenses Recognized in statement of Profit and Loss Account for FY-18-19
147
Current Service cost 530,773.00
Interest Cost 142,265.00
Expected return on plan assets (191,769.44)
Net Actuarial (gain) / loss recognized in the year (163,751.00)
Expenses recognized in statement of profit and loss 317,517.56
Net Asset / (Liability) recognized in the Balance Sheet as on 31.03.2019
Present value of obligations as at the end of year 2,406,149.00
Fair value of plan assets as at the end of the year 2,866,930.01
Net asset / (liability) recognized in balance sheet 460,781.01
Table Showing changes in present value of obligation As on 31.03.2019
Present value of obligations as at beginning of the year 1,896,862.00
Interest cost 142,265.00
Current Service Cost 530,773.00
Benefits Paid -
Actuarial (gain)/ loss on obligations (163,751.00)
148
Present Value of obligations as at end of year 2,406,149.00
Table Showing changes in the fair value of plan assets As on 31.03.2019
Expected return on plan assets 191,769.40
Benefits Paid -
Actuarial (gain)/ loss on plan assets -
Table showing fair value of Plan Assets as on 31.03.2019
Actual return on plan Assets 191,769.44
Benefits Paid -
Excess of Actual over estimated return on plan assets -
Actuarial Gain/Loss recognized As on 31.03.2019
149
Actuarial (gain) / Loss on obligations 163,751.00
Actuarial (gain) / Loss for the year - plan assets -
Total (gain) / Loss for the year (163,751.00)
Actuarial (gain) / loss recognized in the year (163,751.00)
Assumption 31-03-19
Discount Rate 7.50%
Salary Escalation 5.25%
Since the company has given effect for gratuity as per AS-15 for the first time so as per the transition provisions, an adjustment of Rs. 244,888
has been made to the opening balance of Profit & loss Account. The company does not have any liability for leave encashment as the un-availed
leave are neither allowed to be carried forward to next financial year nor compensated.
150
Disclosure of employee benefits explanatory [Text Block]

Employee Benefits (AS - 15):
i) Short-term employee benefits are recognized as an expense at the undiscounted amount in the profit and loss account of the year in which
the related service is rendered.
ii) In case of Post retirement benefits - Contribution to defined plans representing current service cost are recognized as expenses on the basis
of actuarial valuation based on projected unit credit method.
Disclosures Regarding Employee Benefits:
Employer contribution to Provident Fund Rs.2,505,416 Rs.2,415,764
Employer contribution to ESI Rs.470,665 Rs.322,423
contribution plan. During the year as per the actuarial valuation the company has paid premium amounting to Rs. 5,37,493.00 as Current Service
Cost for the Financial Year 2017-18.
The company does not have any liability for leave encashment as the un-availed leave are neither allowed to be carried forward to next financial
year nor compensated.
151
[201300] Notes - Segments

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of enterprise's reportable segments explanatory [TextBlock] [See below] [See below]
152
Disclosure of enterprise's reportable segments explanatory [Text Block]

Segment Reporting (AS - 17):Identification of Segments:
Manufacturing SegmentTrading SegmentSecondary Segment - Geographical Segment:
Sales within West Bengal include sales to customers located in West Bengal.Sales outside West Bengal include sales to customers located outside
West Bengal.
Segment Reporting (Under Accounting Standard AS - 17 issued by ICAI)
31st March, 2019.
Sales (Trading) 455,013,964 413,364,476
Total Sales 2,388,522,764 2,347,534,464
Purchases
Purchases (Manufacturing) 1,676,954,769 1,791,714,337
Total Purchase 1,676,954,769 1,791,714,337
Fixed Assets
Net Block of Assets (Trading) 614,455 775,841
153
Sales
Total Sales Rs. 2,388,522,764 Rs.2,347,534,464
As on As on
Additions to Fixed assets and Intangible assets
31/03/2019 31/03/2018
West Bengal 20,771,468 Rs.24,853,071
As on As on
31/03/2019 31/03/2018
West Bengal 195,604,428 198,130,189
Notes:-
154
155
Disclosure of enterprise's reportable segments explanatory [Text Block]

Segment Reporting (AS - 17):
Identification of Segments:
Manufacturing Segment
Trading Segment
Secondary Segment - Geographical Segment:
Sales within West Bengal include sales to customers located in West Bengal.
Sales outside West Bengal include sales to customers located outside West Bengal.
Segment Reporting (Under Accounting Standard AS - 17 issued by ICAI)
31st March, 2018.
Sales (Trading) 413,364,476 406,671,050
156
Total Sales 2,347,534,464 2,318,192,544
Purchases
Purchases (Trading) - Rs. 86,755,992
Purchases (Manufacturing) 1,791,714,337 Rs. 1,853,121,785
Total Purchase 1,791,714,337 Rs. 1,939,877,777
Fixed Assets
Net Block of Assets (Trading) 775,841 1,062,014
Sales
Total Sales Rs.2,347,534,464 Rs.2,318,192,544
As on As on
157
Additions to Fixed assets and Intangible assets 31/03/2018 31/03/2017
West Bengal Rs.24,853,071 Rs.6,147,986
As on As on
31/03/2018 31/03/2017
West Bengal 198,130,189 199,514,288
Notes:-
158
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] A1 B1
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of relationship and
transactions between
related parties [Abstract]
Disclosure of relationship and
transactions between
related parties [LineItems]
SHREE KRISHNA SHREE KRISHNA
LAPTOP VYAPAAR LAPTOP VYAPAAR
Name of related party TIMBER CO PRIVATE TIMBER CO PRIVATE
PRIVATE LIMITED PRIVATE LIMITED
LIMITED LIMITED
Country of incorporation or
residence of related INDIA INDIA INDIA INDIA
party
Permanent account number of
AAFCS1123G AAFCS1123G AABCL3792J AABCL3792J
related party
CIN of related party U02001WB1999PTC088662 U02001WB1999PTC088662 U51109WB2007PTC119992 U51109WB2007PTC119992
Nature of issuing authority in
country of INDIA INDIA INDIA INDIA
incorporation or residence
Enterprises which are Enterprises which are Enterprises which are Enterprises which are
Description of nature of related party owned, or have significant owned, or have significant owned, or have significant owned, or have significant
influence of or are partners influence of or are partners influence of or are partners influence of or are partners
relationship with Key management with Key management with Key management with Key management
personnel and their relatives personnel and their relatives personnel and their relatives personnel and their relatives
Description of nature of transactions
CORPORATE CORPORATE
with related Rent, Sale & Lease Rent Rent, Sale & Lease Rent
GUARANTEE GUARANTEE
party
Related party transactions [Abstract]
Sales of tangible assets related
party 0 1,85,943
transactions
Leases as lessor related party
0 0
transactions
Leases as lessee related party
1,42,257 1,63,440
transactions
Provision of guarantees or
collateral to
119,25,00,000 109,25,00,000
enterprise related party
transactions
Amount written off during period in
respect 0 0 0 0
of debts due from related parties
Amount written back during period
in respect 0 0 0 0
of debts due to related parties
Description of other related party
transactions which are necessary for
0 0 0 0
understanding of financial statements
159

Categories of related parties [Axis] C1 D1
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Disclosure of relationship and transactions between
JAI PRAKASH JAI PRAKASH SHAKUNTALA SHAKUNTALA
Name of related party SINGH SINGH SINGH SINGH
Country of incorporation or residence of related
party
Permanent account number of related party ALKPS4741B ALKPS4741B AJVPS4872L AJVPS4872L
Nature of issuing authority in country of
Key Management Key Management Key Management Key Management
Description of nature of related party relationship Personnel Personnel Personnel Personnel
REMUNERATION, REMUNERATION
Description of nature of transactions with related REMUNERATION REMUNERATION
SALE RECEIVED RECEIVED AND
party RECEIVED RECEIVED
AND RENT PAID RENT PAID
Revenue from sale of goods related party
19,253 0
transactions
Leases as lessee related party transactions 60,000 60,000
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 36,00,000 29,00,000 24,00,000 24,00,000
Amount written off during period in respect
0 0 0 0
Amount written back during period in respect
0 0 0 0
transactions which are necessary for 0 0 0 0
160

Categories of related parties [Axis] E1 F1
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
SINGH SUPPLIERS SINGH SUPPLIERS
Name of related party PRIVATE LIMITED PRIVATE LIMITED
Shrishti Singh Shrishti Singh

party
Permanent account number of related party AAGCS1608D AAGCS1608D BRQPS5351G BRQPS5351G
CIN of related party U51909WB2001PTC094028 U51909WB2001PTC094028
Enterprises which are Enterprises which are
owned, or have significant owned, or have significant Relatives of Key Relatives of Key
Description of nature of related party relationship influence of or are partners influence of or are partners management management
with Key management with Key management personnel personnel
personnel and their relatives personnel and their relatives
Security Deposit Security Deposit
Description of nature of transactions with related CORPORATE CORPORATE
Received, Advance Received, Advance
party GUARANTEE GUARANTEE
Rent & Rent Paid Rent & Rent Paid
54,978 2,57,199
transactions
Leases as lessee related party transactions 9,90,000 9,90,000
Advances given during year related party
0 0
transactions
Advances taken during year related party
0 0
transactions
Provision of guarantees or collateral to
119,25,00,000 109,25,00,000
enterprise related party transactions
0 0 0 0
0 0 0 0
161

Categories of related parties [Axis] G1 H1
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
SILVERTOSS SILVERTOSS
Anand Kumar
Name of related party Singh
Anand Kumar Singh INDUSTRIES PRIVATE INDUSTRIES PRIVATE
LIMITED LIMITED
party
Permanent account number of related party AJQPS5322N AJQPS5322N AAHCS2622J AAHCS2622J
CIN of related party U51109WB2002PTC095204 U51109WB2002PTC095204
Enterprises which are Enterprises which are
Relatives of Key Relatives of Key owned, or have significant owned, or have significant
Description of nature of related party relationship management management influence of or are partners influence of or are partners
personnel personnel with Key management with Key management
personnel and their relatives personnel and their relatives
Description of nature of transactions with related
ADVANCE ADVANCE Rent, Sale etc Rent, Sale etc
party
9,559 0
transactions
Leases as lessor related party transactions 1,13,982 66,493
Leases as lessee related party transactions 69,620 75,225
Advances given during year related party
0 1,60,857
transactions
0 0 0 0
0 0 0 0

Categories of related parties [Axis] I1
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of relationship and transactions between related parties [Abstract]
Disclosure of relationship and transactions between related parties [LineItems]
Name of related party Prithvi Singh Prithvi Singh
Country of incorporation or residence of related party INDIA INDIA
Permanent account number of related party BRQPS5353E BRQPS5353E
Nature of issuing authority in country of incorporation or residence INDIA INDIA
Relatives of Key Relatives of Key
Description of nature of related party relationship management management
personnel personnel
Description of nature of transactions with related party Loan taken Loan taken
Advances taken during year related party transactions 1,25,00,000 0
Interest paid during year related party transactions 12,99,617 0
Amount written off during period in respect of debts due from related parties 0 0
Amount written back during period in respect of debts due to related parties 0 0
Description of other related party transactions which are necessary for
0 0
162

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of notes on related party explanatory [TextBlock]
Whether there are any related party transactions during year Yes Yes
Whether company is subsidiary company No No
[201400] Notes - Leases

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of leases explanatory [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa
[300300] Notes - Earnings per share

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of earnings per share explanatory [TextBlock] [See below] [See below]
Weighted average shares and adjusted weighted average shares [Abstract]
Basic weighted average shares [shares] 90,92,120 [shares] 45,46,060
Adjusted weighted average shares [shares] 90,92,120 [shares] 45,46,060
Diluted weighted average shares [shares] 90,92,120 [shares] 46,46,060
Adjustments of numerator to calculate basic earnings per share [Abstract]
Numerator to calculate basic earnings per share 4,35,25,081 4,00,97,797
Adjustments to reconcile numerator to calculate basic
earning per share to net profit or loss as per statement of 4,35,25,081 4,00,97,797
profit or loss
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Numerator to calculate diluted earnings per share 4,35,25,081 4,00,97,797
163
Disclosure of earnings per share explanatory [Text Block]

Note 25
Earnings per share
Particulars 31-03-19 31-03-18
i)Profit after tax 43,525,081 40,097,797
less: Exception Items
Profit after exceptions items 43,525,081 40,097,797
attributable to ordinary shareholders
Profit after exceptions items
attributable to ordinary 43,525,081 40,097,797
shareholders-for Diluted EPS
ii) Weighted average no. of
Ordinary Shares for Basic EPS 9,092,120 9,092,120
Add: Adjustments for
Application money for shares
ii) Weighted average no. of 9,092,120 9,092,120
Ordinary Shares for Diluted EPS
iii) Nominal Value of shares 10.00 10.00
iv) Basic Earnings per Ordinary Share 4.79 4.41
v) Diluted Earnings per Ordinary Share 4.79 4.41
Note- Earning per share for the period ending 31st March 2018 has been adjusted for Bonus issue
on 10th May 2018.
164
Disclosure of earnings per share explanatory [Text Block]

Note 26
Earnings per share
Particulars 31-03-18 31-03-17
i)Profit after tax 40,097,797 19,382,310
less: Exception Items
Profit after exceptions items 40,097,797 19,382,310
attributable to ordinary shareholders
Profit after exceptions items
attributable to ordinary 40,097,797 19,382,310
shareholders-for Diluted EPS
ii) Weighted average no. of
Ordinary Shares for Basic EPS 4,546,060 4,546,060
Add: Adjustments for
Application money for shares
ii) Weighted average no. of 4,546,060 4,546,060
Ordinary Shares for Diluted EPS
iii) Nominal Value of shares 10.00 10.00
iv) Basic Earnings per Ordinary Share 8.82 4.26
v) Diluted Earnings per Ordinary Share 8.82 4.26
[202800] Notes - Subsidiary information

01/04/2018
to
31/03/2019
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies No
Number of subsidiary companies 0
Whether company has subsidiary companies which are yet to commence
No
operations
Whether company has subsidiary companies liquidated or sold during year No
[201900] Notes - Income taxes

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of notes on income taxes explanatory [TextBlock] [See below] [See below]
Disclosure of breakup of deferred tax assets and deferred tax liabilities
[Abstract]
Components of deferred tax liabilities [Abstract]
Deferred tax liability, other 24,49,717 37,05,103
Total deferred tax liabilities 24,49,717 37,05,103
165
Disclosure of notes on income taxes explanatory [Text Block]

Note 5: Deferred Tax Liability
Opening Balance 3,705,103 4,266,143
Depreciation as per Companies Act 22,705,105
Depreciation as per Income Tax Act 20,048,126
Difference in Depreciation (2,656,979)
Tax Impact on Depreciation (739,171) (289,678)
Advertisement & Publicity Exp. 32,981,545
Less: Expenditure Claim during the year 24,572,187
Less : Expenditure to be claim next year 8,409,358
Tax Impact on Deferred Revenue expenditure 2,339,483 2,855,698
Reversal of Tax Impact on Deferred Revenue expenditure (2,855,698) (3,127,060)
Deferred tax During the year Created (1,255,386) (561,040)
Closing Balance 2,449,717 3,705,103
Disclosure of notes on income taxes explanatory [Text Block]

Deferred Tax Liability
Opening Balance 4,266,143 6,019,748
Depreciation as per Companies Act 22,998,947
Depreciation as per Income Tax Act 21,957,689
Difference in Depreciation (1,041,258)
Tax Impact on Depreciation (289,678) (1,890,660)
Advertisement & Publicity Exp. 32,178,348
Less: Expenditure Claim during the year 21,913,438
Less : Expenditure to be claim next year 10,264,910
Tax Impact on Deferred Revenue expenditure 2,855,698 3,127,060
Reversal of Tax Impact on Deferred Revenue expenditure (3,127,060) (2,990,006)
Deferred tax During the year Created (561,040) (1,753,605)
Closing Balance 3,705,103 4,266,142
[202400] Notes - Investments in associates

01/04/2018
to
31/03/2019
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates No
Whether company has associates which are yet to commence operations No
Whether company has associates liquidated or sold during year No
166
[202500] Notes - Financial reporting of interests in joint ventures

01/04/2018
to
31/03/2019
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures No
Whether company has joint ventures which are yet to commence operations No
Whether company has joint ventures liquidated or sold during year No
[202100] Notes - Other provisions, contingent liabilities and contingent assets

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of notes on other provisions, contingent liabilities and Textual information (49) Textual information (50)
contingent assets explanatory [TextBlock] [See below] [See below]
Disclosure of notes on other provisions, contingent liabilities and contingent assets explanatory [Text Block]
Contingent Liabilities:
* Liabilities under LC are fully included in Sundry Creditors under LC under Trade Payables (Note-7) amounting to Rs.566,430,119 .
167
Disclosure of notes on other provisions, contingent liabilities and contingent assets explanatory [Text Block]
Contingent Liabilities:
In respect of Entry Tax- 2015-16 Rs.15,219,778.00 -
*Liabilities under LC are fully included in Sundry Creditors under LC under Trade Payables (Note-7) amounting to Rs.343,046,296.
[202700] Notes - Cash flow statements

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement -35,80,01,264 -31,85,96,898
Bank overdrafts classified as cash equivalents -36,04,31,730 -32,11,22,409
Other differences to cash and cash equivalents in statement of cash
-11,58,61,811 -11,36,98,563
flows
Total cash and cash equivalents 11,82,92,277 11,62,24,074
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 2,00,21,036 54,67,392
Total income taxes paid (refund) 2,00,21,036 54,67,392
168
[100200] Statement of profit and loss

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Statement of profit and loss [Abstract]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 238,85,22,764 234,75,34,464
Revenue from sale of services 0 0
Total revenue from operations other than finance company 238,85,22,764 234,75,34,464
Total revenue from operations 238,85,22,764 234,75,34,464
Other income 1,07,10,421 1,80,67,323
Total revenue 239,92,33,185 236,56,01,787
Expenses [Abstract]
Cost of materials consumed 96,72,71,405 132,45,81,635
Purchases of stock-in-trade 0 0
Changes in inventories of finished goods, work-in-progress and
74,48,41,797 50,13,65,769
stock-in-trade
Employee benefit expense 6,78,57,390 4,54,54,344
Finance costs 7,09,80,527 5,72,31,226
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 2,27,05,108 2,29,98,674
Amortisation expense 0 0
Total depreciation, depletion and amortisation expense 2,27,05,108 2,29,98,674
CSR expenditure 0 0
Other expenses 42,36,45,360 36,13,71,091
Total expenses 229,73,01,587 231,30,02,739
Total profit before prior period items, exceptional items, extraordinary
10,19,31,598 5,25,99,048
items and tax
Total profit before extraordinary items and tax 10,19,31,598 5,25,99,048
Extraordinary items before tax -4,13,10,897 69,58,745
Total profit before tax 6,06,20,701 5,95,57,793
Tax expense [Abstract]
Current tax 1,83,51,005 2,00,21,036
Deferred tax -12,55,386 -5,61,040
Total tax expense 1,70,95,619 1,94,59,996
Total profit (loss) for period from continuing operations 4,35,25,082 4,00,97,797
Profit (loss) from discontinuing operations before tax 0 0
Tax expense of discontinuing operations 0 0
Total profit (loss) from discontinuing operation after tax 0 0
Total profit (loss) for period before minority interest 4,35,25,082 4,00,97,797
Profit (loss) of minority interest 0 0
Total profit (loss) for period 4,35,25,082 4,00,97,797
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] 4.79 [INR/shares] 4.41
Diluted earnings per equity share [INR/shares] 4.79 [INR/shares] 4.41
Basic earning per equity share before extraordinary items [INR/shares] 4.79 [INR/shares] 4.41
Diluted earnings per equity share before extraordinary items [INR/shares] 4.79 [INR/shares] 4.41
Nominal value of per equity share [INR/shares] 10 [INR/shares] 10
169
[300500] Notes - Subclassification and notes on income and expenses

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from sale of products [Abstract]
Revenue from sale of products [Abstract]
Revenue from sale of products, gross 238,85,22,764 234,75,34,464
Total revenue from sale of products 238,85,22,764 234,75,34,464
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Total revenue from sale of services 0 0
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on long-term investments [Abstract]
Interest on fixed deposits, long-term investments 83,27,009 68,93,008
Interest on other long-term investments 0 0
Total interest income on long-term investments 83,27,009 68,93,008
Total interest income 83,27,009 68,93,008
Dividend income [Abstract]
Dividend income current investments [Abstract]
Dividend income current investments from subsidiaries 0 0
Dividend income current equity securities 0 0
Dividend income current mutual funds 0 0
Dividend income current investments from others 0 0
Total dividend income current investments 0 0
Dividend income long-term investments [Abstract]
Dividend income long-term investments from subsidiaries 0 0
Dividend income long-term equity securities 0 0
Dividend income long-term mutual funds 0 0
Dividend income long-term investments from others 0 0
Total dividend income long-term investments 0 0
Total dividend income 0 0
Rental income on investment property [Abstract]
Rental income on investment property, current 96,600 56,350
Total rental income on investment property 96,600 56,350
Other non-operating income [Abstract]
Surplus on disposal, discard, demolishment and destruction of
0 0
depreciable tangible asset
Income insurance claims 12,83,245 1,00,52,839
Miscellaneous other non-operating income 10,03,567 10,65,126
Total other non-operating income 22,86,812 1,11,17,965
Total other income 1,07,10,421 1,80,67,323
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense long-term loans [Abstract]
Interest expense long-term loans, banks 3,86,20,560 3,29,05,367
Total interest expense long-term loans 3,86,20,560 3,29,05,367
Interest expense borrowings 29,85,951 37,09,172
Other interest charges 22,70,302 29,57,403
Total interest expense 4,38,76,813 3,95,71,942
Other borrowing costs 2,71,03,714 1,76,59,284
Total finance costs 7,09,80,527 5,72,31,226
Employee benefit expense [Abstract]
Salaries and wages 5,60,46,256 3,64,48,670
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 73,20,000 53,00,000
Total remuneration to directors 73,20,000 53,00,000
Total managerial remuneration 73,20,000 53,00,000
170
Contribution to provident and other funds [Abstract]

Contribution to provident and other funds for others 33,21,579 25,05,416
Total contribution to provident and other funds 33,21,579 25,05,416
Employee medical insurance expenses 5,26,007 4,70,665
Gratuity 3,17,518 5,37,492
Other employee related expenses 3,26,030 1,92,101
Total employee benefit expense 6,78,57,390 4,54,54,344
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 9,73,74,949 7,65,00,692
Power and fuel 40,63,717 58,14,792
Rent 30,10,541 20,21,059
Repairs to building 0 0
Repairs to machinery 6,90,214 9,26,215
Insurance 0 0
Rates and taxes excluding taxes on income [Abstract]
Purchase tax 0 0
Other cess taxes 0 0
Total rates and taxes excluding taxes on income 0 0
Electricity expenses 2,59,54,490 2,44,24,982
Travelling conveyance 4,04,05,977 3,07,10,263
Directors sitting fees 1,83,000 0
Advertising promotional expenses 3,24,92,994 2,73,05,578
Commission paid other selling agents 39,85,957 54,56,397
Transportation distribution expenses 5,12,86,474 4,06,52,011
Discounting charges 4,73,23,562 4,59,04,670
Cost repairs maintenance other assets 18,08,535 14,96,968
Cost transportation [Abstract]
Cost freight 3,23,14,124 2,82,54,018
Cost loading and unloading 0 0
Total cost transportation 3,23,14,124 2,82,54,018
Provision bad doubtful debts created 0 0
Provision bad doubtful loans advances created 0 0
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Financing charges written off 0 0
Voluntary retirement compensation written off 0 0
Technical know-how written off 0 0
Other miscellaneous expenditure written off 0 0
Total miscellaneous expenditure written off 0 0
Bad debts written off 0 0
Bad debts advances written off 0 0
Total write-off assets 0 0
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
1,70,123 25,585
tangible asset
Payments to auditor [Abstract]
Payment for audit services 1,25,000 83,250
Total payments to auditor 1,25,000 83,250
Miscellaneous expenses 8,24,55,703 7,17,94,611
Total other expenses 42,36,45,360 36,13,71,091
Current tax [Abstract]
Current tax pertaining to current year 1,83,51,005 2,00,21,036
Total current tax 1,83,51,005 2,00,21,036
171
[300600] Notes - Additional information statement of profit and loss
Details of goods purchased [Table] ..(1)

Goods purchased 1 Goods purchased 2
Categories of goods purchased [Axis] Goods purchased [Member]
[Member] [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
Additional information on profit and loss account
[Abstract]
Additional details in case of manufacturing companies
[Abstract]
Details of goods purchased [Abstract]
Details of goods purchased [LineItems]
LOGS, VENEER, LOGS, VENEER, LOGS, VENEER, LOGS, VENEER,
Description of goods purchased SAWN TIMBER SAWN TIMBER SAWN TIMBER SAWN TIMBER
Total goods purchased 167,69,54,769 179,17,14,337 167,69,54,769 179,17,14,337
Details of manufactured and traded goods [Table] ..(1)

Manufactured and traded goods
Categories of manufactured and traded goods [Axis] Manufactured goods [Member]
[Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
[Abstract]
Details of manufactured and traded goods [Abstract]
Details of manufactured and traded goods
[LineItems]
Veneer, Sawn Veneer, Sawn Timber, Veneer, Sawn Veneer, Sawn Timber,
Description of finished goods Timber, Plywood Plywood Timber, Plywood Plywood
Amount of sales 0 0 0 0
Amount of closing inventory 0 0 0 0
Amount of opening inventory 0 0 0 0

Categories of manufactured and traded goods [Axis] Finished goods category 1 [Member] Traded goods [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
[Abstract]
Details of manufactured and traded goods
[LineItems]
Veneer, Sawn Veneer, Sawn Timber, Veneer, Sawn Veneer, Sawn Timber,
Description of finished goods Timber, Plywood Plywood Timber, Plywood Plywood
Amount of sales 0 0 0 0
Amount of closing inventory 0 0 0 0
Amount of opening inventory 0 0 0 0
172

Categories of manufactured and traded goods [Axis] Traded goods category 1 [Member]
01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Additional information on profit and loss account [Abstract]
Additional details in case of manufacturing companies [Abstract]
Details of manufactured and traded goods [LineItems]
Veneer, Sawn Veneer, Sawn Timber,
Description of finished goods Timber, Plywood Plywood
Amount of sales 0 0
Amount of closing inventory 0 0
Amount of opening inventory 0 0
Details of raw materials consumed [Table] ..(1)

Categories of raw materials consumed [Axis] Raw materials consumed [Member] Raw materials consumed 1 [Member]
01/04/2018 01/04/2017 01/04/2018 01/04/2017
to to to to
31/03/2019 31/03/2018 31/03/2019 31/03/2018
[Abstract]
[Abstract]
Details of raw materials consumed [Abstract]
Details of raw materials consumed [LineItems]
LOGS, VENEER, LOGS, VENEER, LOGS, VENEER, LOGS, VENEER,
Description of raw materials category SAWN TIMBER SAWN TIMBER SAWN TIMBER SAWN TIMBER
Total raw materials consumed 96,72,71,405 132,45,81,635 96,72,71,405 132,45,81,635

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Additional information on profit and loss account explanatory [TextBlock]
Changes in inventories of finished goods 7,97,29,431 -15,57,85,610
Changes in inventories of work-in-progress -16,73,116 4,59,25,249
Changes in inventories of stock-in-trade 66,67,85,482 61,12,26,130
Total changes in inventories of finished goods, work-in-progress and
74,48,41,797 50,13,65,769
stock-in-trade
Other items extraordinary -4,13,10,897 69,58,745
Total extraordinary items before tax -4,13,10,897 69,58,745
Total extraordinary items -4,13,10,897 69,58,745
Total exceptional and extraordinary items -4,13,10,897 69,58,745
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 0 0
Final dividend remitted in foreign currency 0 0
Interim dividend remitted in foreign currency 0 0
Special dividend remitted in foreign currency 0 0
Total amount of dividend remitted in foreign currency 0 0
Earnings on other income 0 0
Total earnings in foreign currency 0 0
Domestic sale manufactured goods 193,35,08,800 193,41,69,988
Domestic sale traded goods 45,50,13,964 41,33,64,476
Total domestic turnover goods, gross 238,85,22,764 234,75,34,464
Total revenue from sale of products 238,85,22,764 234,75,34,464
Domestic revenue services 0 0
Export revenue services 0 0
Total revenue from sale of services 0 0
Gross value of transaction with related parties as per AS-18 2,12,59,266 70,80,414
Bad debts of related parties as per AS-18 0 0
173
[300100] Notes - Revenue

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of revenue explanatory [TextBlock] [See below] [See below]
Disclosure of revenue explanatory [Text Block]

measured.
Disclosure of revenue explanatory [Text Block]

measured.
174
[202200] Notes - Effects of changes in foreign exchange rates

01/04/2018 01/04/2017
to to
31/03/2019 31/03/2018
Disclosure of notes on effect of changes in foreign exchange rates Textual information (53) Textual information (54)
explanatory [TextBlock] [See below] [See below]
Details of change in classification of significant foreign operation
[Abstract]
Impact of change in classification of significant foreign operation
0 0
on shareholders' fund
Disclosure of notes on effect of changes in foreign exchange rates explanatory [Text Block]
Accounting for the Effects in Foreign Exchange Rates (AS - 11):
Transactions denominated in foreign currency are normally recorded at the exchange rates prevailing at the time of the transactions.
In conformity with revised Accounting Standard (AS - 11), issued by the Institute of Chartered Accountants of India (ICAI), monetary items
denominated in foreign currencies at the year end and not covered by forward exchange contracts are translated at year end rates and those
Non-monetary items carried at historical cost are reported using the rate at the date of transaction
Disclosure of notes on effect of changes in foreign exchange rates explanatory [Text Block]
Accounting for the Effects in Foreign Exchange Rates (AS - 11):
Transactions denominated in foreign currency are normally recorded at the exchange rates prevailing at the time of the transactions.
In conformity with revised Accounting Standard (AS - 11), issued by the Institute of Chartered Accountants of India (ICAI), monetary items
denominated in foreign currencies at the year end and not covered by forward exchange contracts are translated at year end rates and those
Non-monetary items carried at historical cost are reported using the rate at the date of transaction
175
[300700] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Key managerial personnels and directors [Axis] A B C D
01/04/2018 01/04/2018 01/04/2018 01/04/2018
to to to to
31/03/2019 31/03/2019 31/03/2019 31/03/2019
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[Abstract]
Disclosure of key managerial personnels and directors
and remuneration to key managerial personnels and
directors [LineItems]
JAI PRAKASH SHAKUNTALA ANAND KUMAR
Name of key managerial personnel or director SINGH SINGH SINGH
MOHIT BARASIA
Director identification number of key managerial

00655886 00656073 00651384
personnel or director
Permanent account number of key managerial
ALKPS4741B AJVPS4872L AJQPS5322N ANLPB2906J
Date of birth of key managerial personnel or
06/01/1948 26/01/1954 29/12/1970 17/07/1988
director
Designation of key managerial personnel or director Whole Time Director Director Managing Director CFO
Qualification of key managerial personnel or CHARTERED
Graduate Graduate Graduate
director ACCOUNTANT
Shares held by key managerial personnel or director [shares] 15,23,400 [shares] 5,46,400 [shares] 40,000 [shares] 0
Key managerial personnel or director remuneration
[Abstract]
Gross salary to key managerial personnel or
director [Abstract]
Salary key managerial personnel or director 36,00,000 24,00,000 13,20,000 10,34,477
Perquisites key managerial personnel or
0 0 0 0
director
Profits in lieu of salary key managerial
0 0 0 0
Gross salary to key managerial personnel or
36,00,000 24,00,000 13,20,000 10,34,477
director
Sitting fees key managerial personnel or
0 0 0 0
director
Stock option key managerial personnel or
0 0 0 0
director
Sweat equity key managerial personnel or
0 0 0 0
director
Commission as percentage of profit key
0 0 0 0
managerial personnel or director
Other commission key managerial personnel or
0 0 0 0
director
Other compensation key managerial personnel or
0 0 0 0
director
Total key managerial personnel or director
36,00,000 24,00,000 13,20,000 10,34,477
remuneration
176
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(2)
Key managerial personnels and directors [Axis] E
01/04/2018
to
31/03/2019
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and
directors [Abstract]
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and
directors [LineItems]
RAJNEESH
Name of key managerial personnel or director MISHRA
Permanent account number of key managerial personnel or director ANHPM2489B
Date of birth of key managerial personnel or director 01/09/1984
Designation of key managerial personnel or director Company Secretary
COMPANY
Qualification of key managerial personnel or director SECRETARY
Shares held by key managerial personnel or director [shares] 0
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Salary key managerial personnel or director 6,16,110
Perquisites key managerial personnel or director 0
Profits in lieu of salary key managerial personnel or director 0
Gross salary to key managerial personnel or director 6,16,110
Sitting fees key managerial personnel or director 0
Stock option key managerial personnel or director 0
Sweat equity key managerial personnel or director 0
Commission as percentage of profit key managerial personnel or director 0
Other commission key managerial personnel or director 0
Other compensation key managerial personnel or director 0
Total key managerial personnel or director remuneration 6,16,110
[301000] Notes - Corporate social responsibility

01/04/2018
to
31/03/2019
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
No
company
Whether company has written CSR policy No
Prescribed CSR expenditure 0
Amount CSR to be spent for financial year 0
Amount unspent CSR 0
177

Annual Report

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Annual Report

Uploaded by

Copyright:

Available Formats

SYLVAN PLYBOARD (INDIA) LIMITED

Standalone Financial Statements for period 01/04/2018 to 31/03/2019

[400100] Disclosure of general information about company

Disclosure of principal product or services [Table] ..(1)

[400400] Disclosures - Directors report

Details of shareholding pattern of top 10 shareholders [Table] ..(1)

Details of directors signing board report [Table] ..(1)

Particulars of holding, subsidiary and associate companies [Table] ..(1)

Details of shareholding pattern [Table] ..(1)

Details of shareholding pattern [Table] ..(2)

Details of shareholding pattern [Table] ..(3)

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(2)

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(3)

Details of shareholding of promoters [Table] ..(1)

Details of shareholding of promoters [Table] ..(2)

Details of shareholding of promoters [Table] ..(3)

Details of indebtedness of company [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

Details of deposits which are not in compliance with requirements

Details of comparison of remuneration of key managerial personnels

Details of variations in market capitalisation of company [TextBlock] NA

Details of average percentile increase in salaries

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

SYLVAN PLYBOARD (INDIA) LIMITED

01. FINANCIAL PERFORMANCE

Particulars Financial Year Ended

31st March 2019 31st March 2018

Revenue from Operations 2,388,522,764 2,347,534,464

Other Income 10,710,421 18,067,322

Total Income 2,399,233,185 2,365,601,786

Less: Depreciation / Amortisation / Impairment 22,705,105 22,998,947

Less: Finance Costs 70,980,527 57,231,226

Profit/loss before Tax & Extraordinary items 101,931,597 52,599,048

Add/(less): Extraordinary items (41,310,897) 6,958,745

Profit/loss before Tax (PBT) 60,620,700 59,557,793

Less: Tax Expense (Current & Deferred) 17,095,619 19,459,996

Profit/loss after tax (PAT) 43,525,081 40,097,797

02. COMPANY'S PERFORMANCE:

03. SUBSIDIARIES, JOINT VENTURE AND ASSOCIATE COMPANIES:

04. TRANSFER TO RESERVE:

07. MEETING OF THE BOARD

08. DIRECTOR'S RESPONSIBILITY STATEMENT:-

prepared the annual accounts on a going concern basis;

09. SHARE CAPITAL

10. CAPITAL STRUCTURE:

10.1 Increase in Authorised Share Capital

10.2 Allotment of Shares under Bonus Issue:

All Equity Shares of the Company ranks pari-passu in all respect.

The Company has not allotted any Preference Shares/ Debentures.

11. DIRECTORS & KEY MANAGERIAL PERSONNEL

11.1 Independent Directors:

11.3 Non Independent Directors:

11.4 Directors retire by rotation

ï¿½ Audit Committee

ï¿½ Nomination and Remuneration Committee

ï¿½ Stakeholders Relationship Committee

13. DEMATERIALISATION OF SHARES

15. CONVERSION OF COMPANY FROM PRIVATE LTD TO PUBLIC LTD:

17. ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO FINANCIAL STATEMENTS:

22. STATUTORY AUDITORS:

23. ANNUAL RETURN: