XBRL Document in Respect Consolidated Financial Statement - 2016-17

CREMICA FOOD INDUSTRIES LIMITED
Consolidated Financial Statements for period 01/04/2016 to 31/03/2017
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Corporate identity number U15400PB2013PLC037640
Permanent account number of entity AAFCC3433K
THEING ROAD PHILLAUR
Address of registered office of company Jalandhar , PUNJAB , INDIA
- 144410
Commercial and
Type of industry Industrial
Date of start of reporting period 01/04/2016 01/04/2015
Date of end of reporting period 31/03/2017 31/03/2016
Nature of report standalone consolidated Consolidated
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
[400200] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)

Auditors [Axis] 1
01/04/2016
to
31/03/2017
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
S.R BATLIBOI &
Name of audit firm ASSOCIATES LLP
Name of auditor signing report VIKAS MEHRA
Firms registration number of audit firm 301003E
Membership number of auditor 094421
3rd 7 6th floor, D
World Mark- I, IGI
Address of auditors Airport Hospitality
District, Aerocity
New Delhi-110037
Permanent account number of auditor or auditor's firm ACHFS9180N
SRN of form ADT-1 G30983456
Date of signing audit report by auditors 28/12/2017
Date of signing of balance sheet by auditors 28/12/2017
CREMICA FOOD INDUSTRIES LIMITED Consolidated Financial Statements for period 01/04/2016 to 31/03/2017
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's Auditor's Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in
favourable remark unfavourable disclaimer remark applicable
auditors' report [Axis]
[Member] remark [Member] [Member] [Member]
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
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]
Disclosure in auditors report relating to fixed Textual information
assets (1) [See below]
Disclosure in auditors report relating to Textual information
inventories (2) [See below]
Textual information
Disclosure in auditors report relating to loans (3) [See below]
Disclosure in auditors report relating
Textual information
to compliance with Section 185 and 186 of (4) [See below]
Companies Act, 2013
Disclosure in auditors report relating to deposits Textual information
accepted (5) [See below]
maintenance of cost records (6) [See below]
statutory dues [TextBlock] (7) [See below]
default in repayment of financial dues (8) [See below]
Disclosure in auditors report
relating to public offer and term loans Textual information
used for purpose for which those were (9) [See below]
raised
Disclosure in auditors report relating to
fraud by the company or on the company by its Textual information
officers or its employees reported during (10) [See below]
period
managerial remuneration (11) [See below]
In our opinion, the
Company is not a
nidhi company.
Therefore, the
Disclosure in auditors report relating to Nidhi provisions of clause
Company 3(xii) of the order are
not applicable to the
Company and hence
not commented
upon.
transactions with related parties (12) [See below]
Disclosure in auditors report relating to
Textual information
preferential allotment or private placement of (13) [See below]
shares or convertible debentures
Disclosure in auditors report relating to non-cash
Textual information
transactions with directors or persons connected (14) [See below]
with him
According to the
information and
explanations given to
Disclosure in auditors report relating us, the provisions of
to registration under section 45-IA of section 45-IA of the
Reserve Bank of India Act, 1934 Reserve Bank of
India Act, 1934 are
not applicable to the
Company
2

01/04/2016
to
31/03/2017
Textual information (15)
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
Yes
contains adverse remarks
Auditor's qualification(s), reservation(s) or adverse remark(s) in Textual information (16)
auditors' report [See below]
Disclosure in auditors report relating to fixed assets

The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets. Fixed assets
have been physically verified by the management during the year and no material discrepancies were identified on such verification. According to
the information and explanations given by the management, the title deeds of immovable properties, included in property, plant and equipment
are held in the name of the company.
Disclosure in auditors report relating to inventories

The inventory has been physically verified by the management during the year except for Inventories lying with third parties. In our opinion, the
frequency of verification is not reasonable. Discrepancies noted on physical verification of inventories were material, and have been properly
dealt with in the books of account.
Disclosure in auditors report relating to loans

According to the information and explanations given to us, the Company has not granted any loans, secured or unsecured to companies, firms,
Limited Liability Partnerships or other parties covered in the register maintained under section 189 of the Companies Act, 2013. Accordingly, the
provisions of clause 3(iii)(a), (b) and (c) of the Order are not applicable to the Company and hence not commented upon.
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
In our opinion and according to the information and explanations given to us, provisions of section 185 and 186 of the Companies Act, 2013 in
respect of loans to director and guarantees given have been complied with by the Company
Disclosure in auditors report relating to deposits accepted

The Company has not accepted any deposits within the meaning of Sections 73 to 76 of the Act and the Companies (Acceptance of Deposits)
Rules, 2014 (as amended). Accordingly, the provisions of clause 3(v) of the Order are not applicable.
Disclosure in auditors report relating to maintenance of cost records

To the best of our knowledge and as explained, the Central Government has not specified the maintenance of cost records under section 148(1) of
the Companies Act, 2013 for the products of the Company.
3
Disclosure in auditors report relating to statutory dues [Text Block]

Undisputed statutory dues including provident fund, employees’ state insurance, income-tax, sales-tax, service tax, duty of customs, duty of
excise, value added tax and cess have not generally been regularly deposited with the appropriate authorities and there have been serious delays in
large number of cases.
According to the information and explanations given to us, no undisputed dues in respect of provident fund, employees’ state insurance,
income-tax, sales-tax, service tax, duty of customs, duty of excise, value added tax and cess and other statutory dues were outstanding, at the year
end, for a period of more than six months from the date they became payable.
According to the information and explanation given to us, the dues of sales-tax on account of any dispute are as follows:
Name of the Amount of demand ( Amount deposited ( Period to which the amount Forum where the dispute is
Nature of the dues
statute Rs) Rs) relates pending
TS VAT Act, Tax liability and

24,305,534 1,519,096 2014-15 and 2015-16 Commissioner of appeals
2005 penalty
Disclosure in auditors report relating to default in repayment of financial dues

In our opinion and according to the information and explanations given by the management, the Company has not defaulted in repayment of dues
to a financial institution or bank. The company does not have any debentures outstanding during the year.
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
According to the information and explanations given by the management, the Company has not raised any money by way of initial public offer/
further public offer/ debt instruments and term loans, hence reporting under clause (ix) is not applicable to the Company and hence not
commented upon.
4
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
Based upon the audit procedures performed for the purpose of reporting the true and fair view of the financial statements and according to the
information and explanations given by the management, we report that no fraud by the Company or no fraud on the Company by the officers and
employees of the Company has been noticed or reported during the year.
Disclosure in auditors report relating to managerial remuneration

According to the information and explanations given by the management, the managerial remuneration have been paid/ provided in accordance
with the requisite approvals mandated by the provision of section 197 read with Schedule V to the Companies Act, 2013.
Disclosure in auditors report relating to transactions with related parties

According to the information and explanations given by the management, transactions with the related parties are in compliance with section 177
and 188 of Companies Act, 2013 where applicable and the details have been disclosed in the notes to 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
According to the information and explanations given to us and on an overall examination of the balance sheet, the company has complied with the
provisions of the section 42 of the Companies Act, 2013 in respect of private placement of compulsory convertible preference shares during the
year. According to the information and explanations given by the management, we report that the amount raised, have been used for the purpose
of which funds has been raised
Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
According to the information and explanations given by the management, the Company has not entered into any non-cash transactions with
directors or persons connected with him as referred to in section 192 of Companies Act, 2013.
5
Disclosure in auditor’s report explanatory [Text Block]

INDEPENDENT AUDITORS REPORT
To the Members of Cremica Food Industries Limited
Report on the Consolidated Financial Statements
We have audited the accompanying consolidated financial statements of Cremica Food Industries Limited(hereinafter referred to as the Holding
Company), its subsidiaries (the Holding Company and its subsidiaries together referred to as the Group), comprising of the consolidated Balance
Sheet as at March 31, 2017, the consolidated Statement of Profit and Loss and consolidated Cash Flow Statement for the year then ended, and a
summary of significant accounting policies and other explanatory information (hereinafter referred to as the consolidated financial statements).
Managements Responsibility for the Consolidated Financial Statements
The Holding Company’s Board of Directors is responsible for the preparation of these consolidated financial statements in terms of the
requirement of the Companies Act, 2013 (the Act)that give a true and fair view of the consolidated financial position, consolidated financial
performance and consolidated cash flows of the Group in accordance with accounting principles generally accepted in India, including the
Accounting Standards specified under Section 133 of the Act, read with the Companies (Accounting Standards) Amendment Rules, 2016. The
respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in
accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other
irregularities; the selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent;
and the 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 statements that give a true and fair view
and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated
financial statements by the Directors of the Holding Company, as aforesaid.
Auditors Responsibility
Our responsibility is to express an opinion on these consolidated financial statements based on our audit. While conducting the audit, we have
taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit
report under the provisions of the Act and the Rules made there under. We conducted our audit in accordance with the Standards on Auditing,
issued by the Institute of Chartered Accountants of India, as specified under Section 143(10) of the Act. Those Standards require that we comply
with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from
material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The
procedures selected depend on the auditors judgment, including the assessment of the risks of material misstatement of the consolidated financial
statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Holding
Company’s preparation of the consolidated financial statements that give a true and fair view in order to design audit procedures that are
appropriate in the circumstance. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the
accounting estimates made by the Holding Company’s Board of Directors, as well as evaluating the overall presentation of the consolidated
financial statements. We believe that the audit evidence obtained by us and the audit evidence obtained by the other auditors in terms of their
reports referred to in paragraph (a) and paragraph (b) of the Other Matters paragraph below, is sufficient and appropriate to provide a basis for our
audit opinion on the consolidated financial statements.
Opinion
In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other
auditors on separate financial statements and on the other financial information of the subsidiaries, the aforesaid consolidated financial statements
give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles
generally accepted in India of the consolidated state of affairs of the Group, as at March 31, 2017, their consolidated loss, and their consolidated
cash flows for the year ended on that date.
6
Report on Other Legal and Regulatory Requirements
As required by section 143 (3) of the Act, based on our audit and on the consideration of report of the other auditors on separate financial
statements and the other financial information of subsidiaries, we report, to the extent applicable, that:
(a) The other auditors whose reports we have relied upon have sought and obtained all the information and explanations which to the best of
our knowledge and belief were necessary for the purpose of our audit of the aforesaid consolidated financial statements;
(b) In our opinion proper books of account as required by law relating to preparation of the aforesaid consolidation of the financial statements
have been kept so far as it appears from our examination of those books and reports of the other auditors;
(c) The consolidated Balance Sheet, consolidated Statement of Profit and Loss, and consolidated Cash Flow Statement dealt with by this
Report are in agreement with the books of account maintained for the purpose of preparation of the consolidated financial statements;
(d) In our opinion, the aforesaid consolidated financial statements comply with the Accounting Standards specified under section 133 of the
Act, read with the Companies (Accounting Standards) Amendment Rules, 2016;
(e) On the basis of the written representations received from the directors of the Holding Company as on March 31, 2017 taken on record by
the Board of Directors of the Holding Company and the reports of the statutory auditors who are appointed under Section 139 of the Act, of its
subsidiary companies, incorporated in India, none of the directors of the Groups companies, incorporated in India is disqualified as on March 31,
2017 from being appointed as a director in terms of Section 164 (2) of the Act.
(f) With respect to the adequacy and the operating effectiveness of the internal financial controls over financial reporting of the Holding
Company and its subsidiary companies, incorporated in India, refer to our separate report in Annexure 1 to this report;
(g) With respect to the other matters to be included in the Auditors 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 consolidated financial statements disclose the impact of pending litigations on its consolidated financial position of the Group,
Refer Note 31(b) to the consolidated financial statements;
ii. The Group, did not have any material foreseeable losses in long-term contracts including derivative contracts during the year ended
March 31, 2017.
iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Holding Company,
its subsidiaries, incorporated in India during the year ended March 31, 2017.
iv. The Holding Company, subsidiaries, incorporated in India, have provided requisite disclosures in Note 41 to these consolidated financial
statements as to the holding of Specified Bank Notes on November 8, 2016 and December 30, 2016 as well as dealings in Specified Bank Notes
during the period from November 8, 2016 to December 30, 2016. Based on our audit procedures and relying on the management representation of
the Holding Company regarding the holding and nature of cash transactions, including Specified Bank Notes, we report that these disclosures are
in accordance with the books of accounts maintained by the Group and as produced to us by the Management of the Holding Company.
Other Matter
(a) We did not audit the financial statements and other financial information, in respect of subsidiaries, whose financial statements include total
assets of Rs. 728,548,444and net assets of Rs346,611,058 as at March 31, 2017, and total revenues of Rs. Nil and net cash inflows of Rs
79,118,003 for the year ended on that date. These financial statement and other financial information have been audited by other auditors, which
financial statements, other financial information and auditors reports have been furnished to us by the management. Our opinion on the
consolidated financial statements, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, and our report in
terms of sub-sections (3) of Section 143 of the Act, in so far as it relates to the aforesaid subsidiaries, is based solely on the reports of such other
auditors.
(b) The accompanying consolidated financial statements include unaudited financial statements and other unaudited financial information in
respect of subsidiaries, whose financial statements and other financial information reflect total assets of Rs 81 and net assets of 81 as at March 31,
2017, and total revenues of Rs Nil and net cash outflows of Rs 57,253 for the year ended on that date. These unaudited financial statements and
7
other unaudited financial information have been furnished to us by the management. The consolidated financial statements also include the
Company’s share of net loss of Rs. 40,003 for the year ended March 31, 2017, as considered in the consolidated financial statements, in respect of
subsidiaries, whose financial statements, other financial information have not been audited and whose unaudited financial statements, other
unaudited financial information have been furnished to us by the Management. Our opinion, in so far as it relates amounts and disclosures
included in respect of these subsidiaries and our report in terms of sub-sections (3) of Section 143 of the Act in so far as it relates to the aforesaid
subsidiaries is based solely on such unaudited financial statement and other unaudited financial information. In our opinion and according to the
information and explanations given to us by the Management, these financial statements and other financial information are not material to the
Group.
Our opinion above on the consolidated financial statements, and our report on Other Legal and Regulatory Requirements above, is not modified
in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the financial statements and
other financial information certified by the Management.
For S.R. Batliboi & CO. LLP
Chartered Accountants
ICAI Firm Registration Number: 301003E/E300005
Sd/-
Per Vikas Mehra
Partner
Membership Number: 094421
Place of Signature: New Delhi
Date: December 28, 2017
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report

The inventory has been physically verified by the management during the year except for Inventories lying with third parties. In our opinion, the
frequency of verification is not reasonable. Discrepancies noted on physical verification of inventories were material, and have been properly
dealt with in the books of account.
8
[100100] Balance sheet

31/03/2017 31/03/2016
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 7,58,96,290 5,77,67,600
Reserves and surplus 43,88,42,179 22,74,81,432
Total shareholders' funds 51,47,38,469 28,52,49,032
Share application money pending allotment 0 0
Minority interest 12,74,26,924 12,85,10,673
Non-current liabilities [Abstract]
Long-term borrowings 30,89,97,639 13,86,65,397
Other long-term liabilities 14,00,66,667 5,00,00,000
Long-term provisions 1,18,48,094 63,46,151
Total non-current liabilities 46,09,12,400 19,50,11,548
Current liabilities [Abstract]
Short-term borrowings 49,65,88,614 52,13,47,827
Trade payables 31,83,29,461 32,96,64,117
Other current liabilities 10,88,93,389 10,27,98,164
Short-term provisions 63,90,917 37,62,560
Total current liabilities 93,02,02,381 95,75,72,668
Total equity and liabilities 203,32,80,174 156,63,43,921
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 54,14,85,688 58,61,63,838
Intangible assets 65,88,512 61,49,732
Intangible assets under development or work-in-progress 28,85,60,361 7,72,66,208
Total fixed assets 83,66,34,561 66,95,79,778
Non-current investments 0 28,68,250
Deferred tax assets (net) 16,37,338 1,13,51,384
Long-term loans and advances 39,51,97,382 28,07,75,994
Other non-current assets (A) 48,97,843 (B) 2,03,65,040

Total non-current assets 123,83,67,124 98,49,40,446
Current assets [Abstract]
Current investments 0 0
Inventories 36,29,24,661 35,78,27,905
Trade receivables 6,85,47,195 13,41,92,249
Cash and bank balances 31,79,70,881 4,79,71,946
Short-term loans and advances 3,76,79,678 3,80,37,603
Other current assets 77,90,635 33,73,772
Total current assets 79,49,13,050 58,14,03,475
Total assets 203,32,80,174 156,63,43,921
Footnotes
(A) Other non-current assets : 4405140 Goodwill on consolidation : 492703
(B) Other non-current assets : 19872337 Goodwill on consolidation : 492703
9
[100400] Cash flow statement, indirect

01/04/2016 01/04/2015
to to 31/03/2015
31/03/2017 31/03/2016
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 -29,30,43,218 -21,33,18,645
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for depreciation and amortisation expense 7,18,90,426 4,96,49,334
Adjustments for impairment loss reversal of impairment loss
6,46,030 -26,35,426
recognised in profit or loss
Adjustments for unrealised foreign exchange losses gains 1,92,092 0
Other adjustments to reconcile profit (loss) (A) 4,11,76,553

(B) 0
Other adjustments for non-cash items (C) 4,32,93,196

(D) 0
Total adjustments to profit (loss) 15,71,98,297 4,70,13,908

Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories -4,83,89,952 -2,87,92,612
Adjustments for decrease (increase) in trade receivables 3,22,48,658 3,66,72,309
Adjustments for decrease (increase) in other current assets -7,10,63,165 -15,10,12,837
Adjustments for increase (decrease) in trade payables -73,75,809 6,86,79,489
Adjustments for provisions 81,30,300 29,08,683
Total adjustments for working capital -8,64,49,968 -7,15,44,968
Total adjustments for reconcile profit (loss) 7,07,48,329 -2,45,31,060
Net cash flows from (used in) operations -22,22,94,889 -23,78,49,705
Dividends received -1,69,31,354 -59,00,019
Interest paid -6,54,14,515 -6,83,05,993
Income taxes paid (refund) -19,19,507 61,12,656
Other inflows (outflows) of cash (E) -34,10,463 (F) -9,515

Net cash flows from (used in) operating activities before extraordinary
-17,53,02,684 -18,15,65,902
items
Net cash flows from (used in) operating activities -17,53,02,684 -18,15,65,902
Cash flows from used in investing activities [Abstract]
Other cash receipts from sales of equity or debt instruments of other
entities (G) 3,00,000 (H) 7,04,40,000
Cash receipts from share of profits of partnership firm or
association of persons or limited liability partnerships (I) 11,70,700 (J) 27,57,100
Proceeds from sales of tangible assets 81,99,993 7,02,45,404
Purchase of tangible assets 30,34,90,782 14,29,81,189
Proceeds from sales of intangible assets 61,50,000 34,38,318
Purchase of intangible assets 16,16,07,628 6,10,35,410
Interest received 1,19,16,549 59,00,019
Net cash flows from (used in) investing activities before extraordinary
-43,73,61,168 -5,12,35,758
items
Net cash flows from (used in) investing activities -43,73,61,168 -5,12,35,758
Cash flows from used in financing activities [Abstract]
Proceeds from issuing shares 52,99,92,252 0
Proceeds from borrowings 21,51,60,000 27,89,35,104
Repayments of borrowings 6,38,85,757 4,44,50,567
Interest paid 6,55,46,633 6,83,05,993
Other inflows (outflows) of cash 9,00,66,667 5,00,00,000
Net cash flows from (used in) financing activities before extraordinary
70,57,86,529 21,61,78,544
items
Net cash flows from (used in) financing activities 70,57,86,529 21,61,78,544
Net increase (decrease) in cash and cash equivalents before effect of
9,31,22,677 -1,66,23,116
exchange rate changes
Net increase (decrease) in cash and cash equivalents 9,31,22,677 -1,66,23,116
10
Cash and cash equivalents cash flow statement at end of period 10,10,80,881 81,56,771 2,47,79,887
Footnotes
(A) Provision for doubtful debts and advances : 46971519 Bad debts and advances written off : 9916685 Provisions/ liabilities no longer
required written back : -15711651
(B) Provision for doubtful debts and advances : 0 Bad debts and advances written off : 0 Provisions/ liabilities no longer required written
back : 0
(C) Provision for obsolence of inventory : 43293196
(D) Provision for obsolence of inventory : 0
(E) Profit on disposal of the investment in subsidiaries : -128713 Profit on sale of investments : -3281750
(F) Profit on disposal of the investment in subsidiaries : 0 Profit on sale of investments : -9515
(G) Proceed from issue of share capital from minority shareholders in Cremica Food Park Private Limited : 0 Proceed from sale of
subsidiaries : 300000
(H) Proceed from issue of share capital from minority shareholders in Cremica Food Park Private Limited : 70440000 Proceed from sale
of subsidiaries : 0
(I) Capital contribution (paid)/ received in respect of minority partners of Partner ship firm : -179300 Call in arrears received from
Minority shareholders in Cremica Food Park Private Limited : 1350000
(J) Capital contribution (paid)/ received in respect of minority partners of Partner ship firm : 2757100 Call in arrears received from
Minority shareholders in Cremica Food Park Private Limited : 0
[200100] Notes - Share capital
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of share capital [Axis] Equity shares [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Number of shares held in company [shares] 40,06,830 [shares] 42,46,198 [shares] 10,98,049 [shares] 8,69,772
Classes of share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 EQUITY EQUITY EQUITY
INDIA AGRI INDIA BUSINESS
Name of shareholder AKSHAY BECTOR AKSHAY BECTOR BUSINESS EXCELLENCE
FUND-II LIMITED FUND-I
PAN of shareholder ABJPB4769K ABJPB4769K
Country of incorporation or residence of
INDIA INDIA MAURITIUS MAURITIUS
shareholder
Number of shares held in company [shares] 40,06,830 [shares] 42,46,198 [shares] 10,98,049 [shares] 8,69,772
Percentage of shareholding in company 69.36% 73.50% 19.01% 15.06%
11
Preference shares Preference shares 1
Classes of share capital [Axis]
[Member] [Member]
Shareholder 1 Shareholder 1
Name of shareholder [Axis]
[Member] [Member]
01/04/2016
31/03/2017 to
31/03/2017
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [LineItems]
2% Compulsory
convertible
Type of share cumulative
Preference
shares(CCCPS)
INDIA AGRI
Name of shareholder BUSINESS
FUND-II LIMITED
Country of incorporation or residence of shareholder MAURITIUS
Number of shares held in company [shares] 17,94,740 [shares] 17,94,740
Percentage of shareholding in company 99.00%
12
Disclosure of classes of share capital [Table] ..(1)

Classes of share capital [Axis] Share capital [Member] Equity shares [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 1,00,00,000 [shares] 65,00,000 [shares] 80,00,000 [shares] 65,00,000
Value of shares authorised 10,00,00,000 6,50,00,000 8,00,00,000 6,50,00,000
Number of shares issued [shares] 75,89,629 [shares] 57,76,760 [shares] 57,76,760 [shares] 57,76,760
Value of shares issued 7,58,96,290 5,77,67,600 5,77,67,600 5,77,67,600
Number of shares subscribed and fully paid [shares] 75,89,629 [shares] 57,76,760 [shares] 57,76,760 [shares] 57,76,760
Value of shares subscribed and fully paid 7,58,96,290 5,77,67,600 5,77,67,600 5,77,67,600
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] 75,89,629 [shares] 57,76,760 [shares] 57,76,760 [shares] 57,76,760
Total value of shares subscribed 7,58,96,290 5,77,67,600 5,77,67,600 5,77,67,600
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 75,89,629 [shares] 57,76,760 [shares] 57,76,760 [shares] 57,76,760
Value of shares called 7,58,96,290 5,77,67,600 5,77,67,600 5,77,67,600
Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0 0
Calls unpaid by officers 0 0 0 0
Total calls unpaid by directors and
0 0 0 0
officers
Calls unpaid by others 0 0 0 0
Total calls unpaid 0 0 0 0
Forfeited shares 0 0 0 0
Forfeited shares reissued 0 0 0 0
Value of shares paid-up 7,58,96,290 5,77,67,600 5,77,67,600 5,77,67,600
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] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
[shares] 0 [shares] 0 [shares] 0 [shares] 0
debentures preference shares during
period
Number of shares issued in other private
placement
Number of shares issued as preferential
allotment arising out of conversion of
period
Number of shares issued as other
[shares] 18,12,869 [shares] 0 [shares] 0 [shares] 0
preferential allotment
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
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
stock option plan
Number of other issue of shares
arising out of conversion of [shares] 0 [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
during period
13
Decrease in number of shares during period

[Abstract]
Number of shares redeemed [shares] 0 [shares] 0
Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during
period
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period [shares] 75,89,629 [shares] 57,76,760 [shares] 57,76,760 [shares] 57,76,760
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 0 0 0 0
Amount of rights issue during period 0 0 0 0
Amount of private placement issue
arising out of conversion of debentures 0 0 0 0
preference shares during period
Amount of other private placement issue
0 0 0 0
during period
Amount of preferential allotment issue
Amount of other preferential allotment
1,81,28,690 0 0 0
issue 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
Amount of employee stock option plan
0 0 0 0
issued during period
Amount of other issue arising out of
conversion of securities during 0 0 0 0
period
Total aggregate amount of increase in
1,81,28,690 0 0 0
share capital during period
Decrease in share capital during period
[Abstract]
Decrease in amount of shares redeemed 0 0
Decrease in amount of shares bought back 0 0 0 0
Other decrease in amount of shares 0 0 0 0
Total decrease in share capital during
0 0 0 0
period
Total increase (decrease) in share capital 1,81,28,690 0 0 0
Share capital at end of period 7,58,96,290 5,77,67,600 5,77,67,600 5,77,67,600
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0
Shares in company held by ultimate holding
company
Shares in company held by subsidiaries of its
holding company
ultimate holding company
Shares in company held by associates of its
holding company
Total shares in company held by holding company
or ultimate holding company or by its [shares] 0 [shares] 0 [shares] 0 [shares] 0
subsidiaries or associates
Shares reserved for issue under options
and contracts or commitments for sale of [shares] 0 [shares] 0 [shares] 0 [shares] 0
shares or disinvestment
14
Amount of shares reserved for issue under options

and contracts or commitments for sale of shares or 0 0 0 0
disinvestment
Aggregate number of fully paid-up shares issued
pursuant to contracts without payment being [shares] 0 [shares] 0 [shares] 0 [shares] 0
received in cash during last five years
Aggregate number of fully paid-up shares
issued by way of bonus shares during last [shares] 0 [shares] 0 [shares] 0 [shares] 0
five years
Aggregate number of shares bought back during
last five years
Original paid-up value of forfeited shares 0 0 0 0
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
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0 0
and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0 0
15

Classes of share capital [Axis] Equity shares 1 [Member] Preference shares [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Type of share Equity Equity
Number of shares authorised [shares] 80,00,000 [shares] 65,00,000 [shares] 20,00,000 [shares] 0
Value of shares authorised 8,00,00,000 6,50,00,000 2,00,00,000 0
Number of shares issued [shares] 57,76,760 [shares] 57,76,760 [shares] 18,12,869 [shares] 0
Value of shares issued 5,77,67,600 5,77,67,600 1,81,28,690 0
Number of shares subscribed and fully paid [shares] 57,76,760 [shares] 57,76,760 [shares] 18,12,869 [shares] 0
Value of shares subscribed and fully paid 5,77,67,600 5,77,67,600 1,81,28,690 0
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] 57,76,760 [shares] 57,76,760 [shares] 18,12,869 [shares] 0
Total value of shares subscribed 5,77,67,600 5,77,67,600 1,81,28,690 0
Number of shares paid-up [shares] 57,76,760 [shares] 57,76,760 [shares] 18,12,869 [shares] 0
Value of shares called 5,77,67,600 5,77,67,600 1,81,28,690 0
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0 0
Calls unpaid by officers 0 0 0 0
Total calls unpaid by directors and
0 0 0 0
officers
Calls unpaid by others 0 0 0 0
Total calls unpaid 0 0 0 0
Forfeited shares 0 0 0 0
Forfeited shares reissued 0 0 0 0
Value of shares paid-up 5,77,67,600 5,77,67,600 1,81,28,690 0
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0 [INR/shares] 0
called
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] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
period
Number of shares issued in other private
placement
Number of shares issued as preferential
allotment arising out of conversion of
period
Number of shares issued as other
[shares] 0 [shares] 0 [shares] 18,12,869 [shares] 0
preferential allotment
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
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
stock option plan
16
Number of other issue of shares

arising out of conversion of [shares] 0 [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
during period
Decrease in number of shares during period
[Abstract]
Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during
period
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period [shares] 57,76,760 [shares] 57,76,760 [shares] 18,12,869 [shares] 0
Reconciliation of value of shares outstanding
[Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0 0
Amount of bonus issue during period 0 0 0 0
Amount of rights issue during period 0 0
Amount of private placement issue
Amount of other private placement issue
0 0 0 0
during period
Amount of preferential allotment issue
Amount of other preferential allotment
0 0 1,81,28,690 0
issue 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
Amount of employee stock option plan
0 0 0 0
issued during period
Amount of other issue arising out of
conversion of securities during 0 0 0 0
period
Total aggregate amount of increase in
0 0 1,81,28,690 0
share capital during period
Decrease in share capital during period
[Abstract]
Decrease in amount of shares bought back 0 0 0 0
Other decrease in amount of shares 0 0 0 0
Total decrease in share capital during
0 0 0 0
period
Total increase (decrease) in share capital 0 0 1,81,28,690 0
Share capital at end of period 5,77,67,600 5,77,67,600 1,81,28,690 0
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0
Shares in company held by ultimate holding
company
holding company
holding company
17
Total shares in company held by holding company

or ultimate holding company or by its [shares] 0 [shares] 0 [shares] 0 [shares] 0
subsidiaries or associates
Shares reserved for issue under options
and contracts or commitments for sale of [shares] 0 [shares] 0 [shares] 0 [shares] 0
Amount of shares reserved for issue under options
and contracts or commitments for sale of shares or 0 0 0 0
disinvestment
Aggregate number of fully paid-up shares issued
pursuant to contracts without payment being [shares] 0 [shares] 0 [shares] 0 [shares] 0
received in cash during last five years
Aggregate number of fully paid-up shares
issued by way of bonus shares during last [shares] 0 [shares] 0 [shares] 0 [shares] 0
five years
Aggregate number of shares bought back during
last five years
Original paid-up value of forfeited shares 0 0 0 0
Details of application money received for
allotment of securities and due for refund and
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
refund, principal
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0 0
and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0 0
18

Classes of share capital [Axis] Preference shares 1 [Member]
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Type of share Preference Preference
Number of shares authorised [shares] 20,00,000 [shares] 0
Value of shares authorised 2,00,00,000 0
Number of shares issued [shares] 18,12,869 [shares] 0
Value of shares issued 1,81,28,690 0
Number of shares subscribed and fully paid [shares] 18,12,869 [shares] 0
Value of shares subscribed and fully paid 1,81,28,690 0
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] 18,12,869 [shares] 0
Total value of shares subscribed 1,81,28,690 0
Number of shares paid-up [shares] 18,12,869 [shares] 0
Value of shares called 1,81,28,690 0
Calls unpaid by directors and officers [Abstract]
Calls unpaid by directors 0 0
Calls unpaid by officers 0 0
Total calls unpaid by directors and officers 0 0
Calls unpaid by others 0 0
Total calls unpaid 0 0
Forfeited shares 0 0
Forfeited shares reissued 0 0
Value of shares paid-up 1,81,28,690 0
Par value per share [INR/shares] 10 [INR/shares] 0
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] 0 [shares] 0
Number of shares issued in private placement arising out of conversion
[shares] 0 [shares] 0
of debentures preference shares during period
Number of shares issued in other private placement [shares] 0 [shares] 0
Number of shares issued as preferential allotment arising out of
conversion of debentures preference shares during period
Number of shares issued as other preferential allotment [shares] 18,12,869 [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
Number of shares issued under employee stock option plan [shares] 0 [shares] 0
Number of other issue of shares arising out of conversion of securities [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 18,12,869 [shares] 0
Decrease in number of shares during period [Abstract]
Number of shares bought back [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 18,12,869 [shares] 0
Number of shares outstanding at end of period [shares] 18,12,869 [shares] 0
Reconciliation of value of shares outstanding [Abstract]
Increase in share capital during period [Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
19
Amount of private placement issue arising out of conversion of

0 0
debentures preference shares during period
Amount of other private placement issue during period 0 0
Amount of preferential allotment issue arising out of conversion of
0 0
debentures preference shares during period
Amount of other preferential allotment issue during period 1,81,28,690 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
Amount of employee stock option plan issued during period 0 0
Amount of other issue arising out of conversion of securities during period 0 0
Total aggregate amount of increase in share capital during period 1,81,28,690 0
Decrease in share capital during period [Abstract]
Decrease in amount of shares bought back 0 0
Other decrease in amount of shares 0 0
Total decrease in share capital during period 0 0
Total increase (decrease) in share capital 1,81,28,690 0
Share capital at end of period 1,81,28,690 0
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
Shares in company held by holding company [shares] 0 [shares] 0
Shares in company held by ultimate holding company [shares] 0 [shares] 0
Shares in company held by subsidiaries of its holding company [shares] 0 [shares] 0
Shares in company held by subsidiaries of its ultimate holding company [shares] 0 [shares] 0
Shares in company held by associates of its holding company [shares] 0 [shares] 0
Shares in company held by associates of its ultimate holding company [shares] 0 [shares] 0
Total shares in company held by holding company or ultimate holding company
or by its subsidiaries or associates
Shares reserved for issue under options and contracts or commitments for sale of
Amount of shares reserved for issue under options and contracts or commitments
0 0
for sale of shares or disinvestment
Aggregate number of fully paid-up shares issued pursuant to contracts
without payment being received in cash during last five years
Aggregate number of fully paid-up shares issued by way of bonus shares during last
five years
Aggregate number of shares bought back during last five years [shares] 0 [shares] 0
Original paid-up value of forfeited shares 0 0
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
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
Number of shares proposed to be issued [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of notes on share capital explanatory [TextBlock] [See below]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Whether reduction in capital done during year No No
Whether money raised from public offering during year No No
20
Disclosure of notes on share capital explanatory [Text Block]

a) Terms/rights attached to equity shares
The Company has only one class of equity shares having a par value of Rs.10/- per share. Each holder of equity shares is entitled to one vote per
share. The Company declares and pays dividend in Indian rupees. The dividend proposed by Board of director is subject to approval of the
shareholder in the ensuing annual general meeting.
In the event of liquidation of the Company, the holders of equity share will be entitled to receive the remaining assets of the Company after
distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the equity shareholders.
b) Terms of conversion/ redemption of 2% Compulsory convertible cumulative preference shares
During the year ended March 31, 2017, the Company issued 1,812,869 CCCPS of Rs. 10/- each fully paid-up at a premium of Rs. 282/- per share.
CCCPS carry cumulative coupon @ 2%. Each of CCCPS held by investor shall be entitled to a rate of dividend equivalent to a rate of dividend
declared by the Board on the equity shares. The dividend payable on CCCPS shall be cumulative in nature. The dividend proposed by the Board
of Directors is subject to the approval of the shareholders in the ensuing annual general meeting.
CCCPS shall be converted to equity shares in the coming year on the basis of agreed valuation methodology with the investors.
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Components of reserves [Axis] Reserves [Member] Securities premium account [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period -30,05,02,815 -16,67,23,034 0 0
Other additions to reserves 51,18,63,562 0 51,18,63,562 0
Total additions to reserves 21,13,60,747 -16,67,23,034 51,18,63,562 0
Total changes in reserves 21,13,60,747 -16,67,23,034 51,18,63,562 0
Reserves at end of period 43,88,42,179 22,74,81,432 51,18,63,562 0
21

Securities premium General reserve
Components of reserves [Axis] Other reserves [Member]
account [Member] [Member]
01/04/2016 01/04/2015 01/04/2016
31/03/2015 to to to
31/03/2017 31/03/2016 31/03/2017
Profit (loss) for period 0 0 0
Total additions to reserves 0 0
Total changes in reserves 0 0 0
Reserves at end of period 0 36,79,02,702 36,79,02,702 36,79,02,702

Components of reserves [Axis] General reserve [Member] Other reserves, others [Member]
01/04/2015 01/04/2016 01/04/2015
to 31/03/2015 to to
31/03/2016 31/03/2017 31/03/2016
Profit (loss) for period 0 0 0
Total additions to reserves 0 0
Total changes in reserves 0 0 0
Reserves at end of period 36,79,02,702 36,79,02,702 0 0
Description of nature and purpose of other
NA NA
reserves/funds

Other reserves,
Components of reserves [Axis] Surplus [Member]
others [Member]
01/04/2016 01/04/2015
31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016
Profit (loss) for period -30,05,02,815 -16,67,23,034
Total additions to reserves -30,05,02,815 -16,67,23,034
Total changes in reserves -30,05,02,815 -16,67,23,034
Reserves at end of period 0 -44,09,24,085 -14,04,21,270 2,63,01,764
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Classification of borrowings [Axis] Borrowings [Member] Term loans [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 30,89,97,639 13,86,65,397 29,76,00,000 13,00,00,000
22

Classification of borrowings [Axis] Term loans from banks [Member] Rupee term loans from banks [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings 10,00,00,000 13,00,00,000 10,00,00,000 13,00,00,000

Classification of borrowings [Axis] Term loans from others [Member] Rupee term loans from others [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings 19,76,00,000 0 (A) 19,76,00,000 (B) 0
Footnotes
(A) Loan from NABARD (refer note 2 below) : 197600000
(B) Loan from NABARD (refer note 2 below) : 0

Classification of borrowings [Axis] Other loans and advances [Member] Loans taken for fixed assets [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings 1,13,97,639 86,65,397 78,26,509 86,65,397

Other loans and advances, others
Classification of borrowings [Axis] Loans taken for vehicles [Member]
[Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings 78,26,509 86,65,397 (A) 35,71,130 (B) 0
Footnotes
(A) Vehicles loans from financial institutions (refer note 3 below) : 3571130
(B) Vehicles loans from financial institutions (refer note 3 below) : 0
23

Classification based on time period [Axis] Short-term [Member]
Classification of borrowings [Axis] Borrowings [Member] Term loans [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings 49,65,88,614 52,13,47,827 11,29,70,641 12,34,68,024

Classification of borrowings [Axis] Term loans from banks [Member] Rupee term loans from banks [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings 11,29,70,641 12,34,68,024 11,29,70,641 12,34,68,024

Loans and advances from related parties Loans and advances from directors
Classification of borrowings [Axis]
[Member] [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings 96,60,000 0 96,60,000 0

Classification of borrowings [Axis] Other loans and advances [Member]
[Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings 37,39,57,973 39,78,79,803 37,39,57,973 39,78,79,803

01/04/2016
to
31/03/2017
Disclosure of notes on borrowings explanatory [TextBlock] [See below]
24
Disclosure of notes on borrowings explanatory [Text Block]

Long term borrowings:
1. Term loan from banks is secured by first charge on property, plant and equipments of the Holding Company comprising of buildings, plant
and machinery, furniture and fixtures, computers and software and further secured by equitable mortgage of part of the free hold land at Phillaur
and free hold land at village Chawl, Dist. Raigad, Maharashtra. The facility is further secured by second charge by hypothecation on the current
assets of the Holding Company both present and future and further secured by personal guarantee of Mr. Akshay Bector (Chairman & MD) and
Ms. Geeta Bector (Director). This is repayable on unequal quarterly instalments over a period 12 quarters and carries interest 10.5% to 11.5% per
annum.
2. Loans from National Bank For Agriculture And Rural Development (NABARD) is secured by primary security of mortgage of mega food
park project land - village Singha, Tehsil Haroli, District Una, Himachal Pradesh and hypothecation over plant and machinery and all movable
assets, entire present and future receivables/book debts in relation to the project of Cremica Food Park Private Limited and further secured by
secondary security of mortgage of industrial plot (leasehold land at plot no. 05, Block-B, Sector-83, Dist. Gautam Budh Nagar, Noida, Uttar
Pradesh owned by the Company and corporate guarantee by the Company and personal guarantee by Mr. Akshay Bector. The loan from
NABARD carried rate of fixed interest rate of 9.45% at quarterly rest. With effect from March 22, 2017, for all subsequent drawl of loan
instalments, the rate of interest charged as PLR applicable on the date of disbursement of loan instalment plus the risk premium of 0.20%.This is
repayable on unequal quarterly instalments over a period 20 quarters starting from August 01, 2018.
3. Loans against vehicles from banks and financial institutions are secured by hypothecation of respective vehicles. The loans are repayable on
equal monthly instalments (EMI) basis and carry interest rate as per their respective loan agreements. Interest on vehicle loan ranges between 9%
to 11% p.a. approx.
Short term borrowings:
1. Cash credit limit and buyer's credit from bank Rs.373,957,973 (March 31, 2016 Rs.411,457,661) are secured by first charge on current
assets of the Holding Company at Phillaur and Noida units. These facilities are further secured by second charge on property, plant and
equipments of the Holding Company comprising of buildings, plant and machinery, furniture and fixtures, computers and software and further
secured by second charge on part of the free hold land at Phillaur and free hold land at village Chawl, Dist. Raigad, Maharashtra. The facilities are
further secured by personal guarantee of Mr. Akshay Bector (Chairman & MD) and Ms. Geeta Bector (Director). These loans are repayable on
demand and carries interest 10.5% to 13.5% per annum. Interest on buyer's credit ranges between 4% to 5% p.a. approx.
2. Overdraft facilities from bank Rs. 12,970,641 (March 31, 2016 Rs. 9,890,166) are secured by fixed deposit to the extent of 110% of the
facility amount duly lien marked in the favour of the bank.
3. Short term demand loan from bank is secured by subservient charge on the current assets of the Company (both present and future) and by
personal guarantee of Mr. Akshay Bector (Chairman & MD). These loans are repayable on demand and interest rate ranging from 9.5% to 10.5%
per annum.
4. Loan from related parties are interest free and repayable on demand.
25
[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]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 8,19,39,493 11,43,78,159 8,19,39,493 11,43,78,159
assets
Depreciation tangible assets -7,03,73,884 -4,87,82,819 7,03,73,884 4,87,82,819
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
Disposals tangible assets
[Abstract]
Disposals tangible assets,
5,62,43,759 6,76,09,978 6,43,14,651 6,99,54,071 80,70,892 23,44,093
others
Total disposals tangible
5,62,43,759 6,76,09,978 6,43,14,651 6,99,54,071 80,70,892 23,44,093
assets
Other adjustments tangible
assets [Abstract]
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-4,46,78,150 -20,14,638 1,76,24,842 4,44,24,088 6,23,02,992 4,64,38,726
assets
Tangible assets at end of period 54,14,85,688 58,61,63,838 88,38,79,219 86,62,54,377 34,23,93,531 28,00,90,539
26

Sub classes of tangible assets [Axis] Assets held under lease [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 4,64,70,145 0 4,64,70,145 0
assets
Depreciation tangible assets -33,75,473 0 33,75,473 0
Impairment loss
tangible assets
[Abstract]
0 5,12,414 4,58,254 6,16,957 4,58,254 1,04,543
others
0 5,12,414 4,58,254 6,16,957 4,58,254 1,04,543
assets
assets [Abstract]
-10,95,567 0 10,95,567 0
assets, others
-10,95,567 0 10,95,567 0
tangible assets
4,19,99,105 -5,12,414 4,60,11,891 -6,16,957 40,12,786 -1,04,543
assets
Tangible assets at end of period 4,19,99,105 0 4,64,70,145 4,58,254 44,71,040 4,58,254
27

Sub classes of tangible assets [Axis] Owned assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 3,54,69,348 11,43,78,159 3,54,69,348 11,43,78,159
assets
Impairment loss
tangible assets
[Abstract]
5,62,43,759 6,70,97,564 6,38,56,397 6,93,37,114 76,12,638 22,39,550
others
5,62,43,759 6,70,97,564 6,38,56,397 6,93,37,114 76,12,638 22,39,550
assets
assets [Abstract]
10,95,567 0 -10,95,567 0
assets, others
10,95,567 0 -10,95,567 0
tangible assets
-8,66,77,255 -15,02,224 -2,83,87,049 4,50,41,045 5,82,90,206 4,65,43,269
assets
28

Classes of tangible assets [Axis] Land [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 3,59,26,471 24,68,540 3,59,26,471 24,68,540
assets
Impairment loss
tangible assets
[Abstract]
3,46,22,064 5,12,414 3,46,22,064 6,16,957 0 1,04,543
others
3,46,22,064 5,12,414 3,46,22,064 6,16,957 0 1,04,543
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-5,01,447 19,56,126 13,04,407 18,51,583 18,05,854 -1,04,543
assets
Tangible assets at end of period 20,65,30,028 20,70,31,475 20,83,35,882 20,70,31,475 18,05,854 0
29

01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 5,12,414 0 6,16,957 0 1,04,543
others
0 5,12,414 0 6,16,957 0 1,04,543
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
2,59,96,251 -5,12,414 2,78,02,105 -6,16,957 18,05,854 -1,04,543
assets
Tangible assets at end of period 2,59,96,251 0 2,78,02,105 0 18,05,854 0
30

01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 81,24,366 24,68,540 81,24,366 24,68,540
assets
Depreciation tangible assets 0 0 0 0
Impairment loss
tangible assets
[Abstract]
3,46,22,064 0 3,46,22,064 0 0 0
others
3,46,22,064 0 3,46,22,064 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-2,64,97,698 24,68,540 -2,64,97,698 24,68,540 0 0
assets
Tangible assets at end of period 18,05,33,777 20,70,31,475 18,05,33,777 20,70,31,475 0 0
31

Classes of tangible assets [Axis] Buildings [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 6,83,21,389 0 6,83,21,389
assets
Depreciation tangible assets -35,50,940 -48,97,337 35,50,940 48,97,337
Impairment loss
tangible assets
[Abstract]
90,30,107 6,75,27,114 90,30,107 6,83,21,389 0 7,94,275
others
90,30,107 6,75,27,114 90,30,107 6,83,21,389 0 7,94,275
assets
assets [Abstract]
2,86,735 0 -2,86,735 0
assets, others
2,86,735 0 -2,86,735 0
tangible assets
-1,22,94,312 -41,03,062 -90,30,107 0 32,64,205 41,03,062
assets
32

Classes of tangible assets [Axis] Buildings [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 6,83,21,389 0 6,83,21,389
assets
Impairment loss
tangible assets
[Abstract]
90,30,107 6,75,27,114 90,30,107 6,83,21,389 0 7,94,275
others
90,30,107 6,75,27,114 90,30,107 6,83,21,389 0 7,94,275
assets
assets [Abstract]
2,86,735 0 -2,86,735 0
assets, others
2,86,735 0 -2,86,735 0
tangible assets
-1,22,94,312 -41,03,062 -90,30,107 0 32,64,205 41,03,062
assets
33

Classes of tangible assets [Axis] Plant and equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 72,74,849 3,34,89,451 72,74,849 3,34,89,451
assets
Impairment loss
tangible assets
[Abstract]
36,58,402 -2,17,583 36,58,402 0 0 2,17,583
others
36,58,402 -2,17,583 36,58,402 0 0 2,17,583
assets
assets [Abstract]
18,09,241 0 -18,09,241 0
assets, others
18,09,241 0 -18,09,241 0
tangible assets
-4,62,76,144 -1,45,373 36,16,447 3,34,89,451 4,98,92,591 3,36,34,824
assets
34

01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 72,74,849 3,34,89,451 72,74,849 3,34,89,451
assets
Impairment loss
tangible assets
[Abstract]
36,58,402 -2,17,583 36,58,402 0 0 2,17,583
others
36,58,402 -2,17,583 36,58,402 0 0 2,17,583
assets
assets [Abstract]
18,09,241 0 -18,09,241 0
assets, others
18,09,241 0 -18,09,241 0
tangible assets
-4,62,76,144 -1,45,373 36,16,447 3,34,89,451 4,98,92,591 3,36,34,824
assets
35

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
-97,52,494 0 97,52,494 0
assets, others
-97,52,494 0 97,52,494 0
tangible assets
-75,78,483 68,79,893 73,20,585 75,19,874 1,48,99,068 6,39,981
assets
Tangible assets at end of period 1,55,14,271 2,30,92,754 3,66,49,838 2,93,29,253 2,11,35,567 62,36,499
36

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
-97,52,494 0 97,52,494 0
assets, others
-97,52,494 0 97,52,494 0
tangible assets
-75,78,483 68,79,893 73,20,585 75,19,874 1,48,99,068 6,39,981
assets
Tangible assets at end of period 1,55,14,271 2,30,92,754 3,66,49,838 2,93,29,253 2,11,35,567 62,36,499
37

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 98,59,562 3,500 98,59,562 3,500
assets
Impairment loss
tangible assets
[Abstract]
20,26,064 -2,11,967 96,38,702 10,15,725 76,12,638 12,27,692
others
20,26,064 -2,11,967 96,38,702 10,15,725 76,12,638 12,27,692
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
25,41,213 -45,35,745 2,20,860 -10,12,225 -23,20,353 35,23,520
assets
38

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 98,59,562 3,500 98,59,562 3,500
assets
Impairment loss
tangible assets
[Abstract]
20,26,064 -2,11,967 96,38,702 10,15,725 76,12,638 12,27,692
others
20,26,064 -2,11,967 96,38,702 10,15,725 76,12,638 12,27,692
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
25,41,213 -45,35,745 2,20,860 -10,12,225 -23,20,353 35,23,520
assets
39

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Depreciation tangible assets -76,197 -39,43,659 76,197 39,43,659
Impairment loss
tangible assets
[Abstract]
69,07,122 0 69,07,122 0 0 0
others
69,07,122 0 69,07,122 0 0 0
assets
assets [Abstract]
87,52,085 0 -87,52,085 0
assets, others
87,52,085 0 -87,52,085 0
tangible assets
38,08,876 -25,79,705 -48,67,012 13,63,954 -86,75,888 39,43,659
assets
Tangible assets at end of period 45,86,430 7,77,554 69,65,461 1,18,32,473 23,79,031 1,10,54,919
40

01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Depreciation tangible assets -76,197 -39,43,659 76,197 39,43,659
Impairment loss
tangible assets
[Abstract]
69,07,122 0 69,07,122 0 0 0
others
69,07,122 0 69,07,122 0 0 0
assets
assets [Abstract]
87,52,085 0 -87,52,085 0
assets, others
87,52,085 0 -87,52,085 0
tangible assets
38,08,876 -25,79,705 -48,67,012 13,63,954 -86,75,888 39,43,659
assets
Tangible assets at end of period 45,86,430 7,77,554 69,65,461 1,18,32,473 23,79,031 1,10,54,919
41

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-3,80,707 5,13,228 8,49,876 12,11,451 12,30,583 6,98,223
assets
Tangible assets at end of period 18,94,737 22,75,444 94,07,090 85,57,214 75,12,353 62,81,770
42

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-3,80,707 5,13,228 8,49,876 12,11,451 12,30,583 6,98,223
assets
Tangible assets at end of period 18,94,737 22,75,444 94,07,090 85,57,214 75,12,353 62,81,770
43

Classes of tangible assets [Axis] Leasehold improvements [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 4,58,254 0 4,58,254 0
others
0 0 4,58,254 0 4,58,254 0
assets
assets [Abstract]
-10,95,567 0 10,95,567 0
assets, others
-10,95,567 0 10,95,567 0
tangible assets
1,60,02,854 0 1,82,09,786 0 22,06,932 0
assets
44

Classes of tangible assets [Axis] Leasehold improvements [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 4,58,254 0 4,58,254 0
others
0 0 4,58,254 0 4,58,254 0
assets
assets [Abstract]
-10,95,567 0 10,95,567 0
assets, others
-10,95,567 0 10,95,567 0
tangible assets
1,60,02,854 0 1,82,09,786 0 22,06,932 0
assets
Disclosure of additional information tangible assets [Table] ..(1)

Company total tangible assets
[Member]
Owned and leased assets Owned and leased assets Assets held under lease
Sub classes of tangible assets [Axis]
[Member] [Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of additional information
tangible assets [LineItems]
Straight line Straight line
Depreciation method tangible assets - - - -
method method
Useful lives or depreciation rates
NA NA NA NA over the life Over the life
tangible assets
45

Classes of tangible assets [Axis] Land [Member] Buildings [Member]
Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Straight line Straight line Straight line Straight line
Depreciation method tangible assets method method
- -
method method
over the life Over the life NA NA 30.00 30.00
tangible assets

Furniture and fixtures
[Member]
Owned and leased assets Owned and leased assets
[Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Depreciation method tangible assets - -
method method
- -

NA NA 15.00 15.00 NA NA
tangible assets

Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member]
Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
- -
method method
10.00 10.00 NA NA 8.00 8.00
tangible assets
46

Computer equipments
[Member]
Owned and leased assets Owned and leased assets
[Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Depreciation method tangible assets - -
method method
- -

NA NA 5.00 5.00 NA NA
tangible assets

Classes of tangible assets [Axis] Computer equipments [Member] Leasehold improvements [Member]
Owned and leased assets Assets held under lease
[Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
- -
method method
3.00 3.00 NA NA over the life Over the life
tangible assets
47
[201100] Notes - Intangible assets
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]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
business combinations 19,55,322 33,75,736 19,55,322 33,75,736
intangible assets
Total additions to
19,55,322 33,75,736 19,55,322 33,75,736
intangible assets
Amortization intangible assets -15,16,542 -8,66,516 15,16,542 8,66,516
Impairment loss
loss intangible assets
intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0 0 0 0 0
assets, others
Total disposals intangible
0 0 0 0 0 0
assets
Other adjustments intangible
assets [Abstract]
Other adjustments
0 0 0 0
intangible assets, others
0 0 0 0
intangible assets
Total changes in intangible
4,38,780 25,09,220 19,55,322 33,75,736 15,16,542 8,66,516
assets
Intangible assets at end of period 65,88,512 61,49,732 93,13,636 73,58,314 27,25,124 12,08,582
48

Classes of intangible assets [Axis] Company total intangible assets [Member]
Sub classes of intangible assets [Axis] Internally generated intangible assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
19,55,322 33,75,736 19,55,322 33,75,736
intangible assets
Impairment loss
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
4,38,780 25,09,220 19,55,322 33,75,736 15,16,542 8,66,516
assets
49

Classes of intangible assets [Axis] Computer software [Member]
Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
19,55,322 33,75,736 19,55,322 33,75,736
intangible assets
Impairment loss
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
4,38,780 25,09,220 19,55,322 33,75,736 15,16,542 8,66,516
assets
50

Sub classes of intangible assets [Axis] Internally generated intangible assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
19,55,322 33,75,736 19,55,322 33,75,736
intangible assets
Impairment loss
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
4,38,780 25,09,220 19,55,322 33,75,736 15,16,542 8,66,516
assets
Disclosure of additional information intangible assets [Table] ..(1)

Company total intangible assets
[Member]
Internally generated and other Internally generated and other
Internally generated intangible
Sub classes of intangible assets [Axis] than internally generated than internally generated
assets [Member]
intangible assets [Member] intangible assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
intangible assets [LineItems]
Useful lives or amortization rates
NA NA NA NA 6.00 6.00
intangible assets
Description of amortization method Straight line Straight line
- - - -
used method method
51
[200400] Notes - Non-current investments
Details of non-current investments [Table] ..(1)

Classification of non-current investments [Axis] 1
01/04/2015
to
31/03/2016
Non-current investments [Abstract]
Disclosure of details of non-current investments [Abstract]
Details of non-current investments [LineItems]
Investment in other
Type of non-current investments Indian companies
equity instruments
Class of non-current investments Other investments
Nature of non-current investments EQUITY SHARES
Non-current investments 28,68,250
CREMICA AGRO
Name of body corporate in whom investment has been made FOODS LIMITED
Number of shares of non-current investment made in body corporate [shares] 2,25,680

31/03/2017 31/03/2016
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 0 28,68,250
Aggregate provision for diminution in value of non-current investments 0 0
[200600] Notes - Subclassification and notes on liabilities and assets
Disclosure of breakup of provisions [Table] ..(1)

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
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]
Provisions for employee benefits
[Abstract]
Provision gratuity 1,18,48,094 63,46,151 2,63,011 1,99,666
Provision leave encashment 61,27,906 35,62,894
Total provisions for employee benefits 1,18,48,094 63,46,151 63,90,917 37,62,560
CSR expenditure provision 0 0 0 0
Total provisions 1,18,48,094 63,46,151 63,90,917 37,62,560
52
Loans and advances [Table] ..(1)

Classification of loans and advances [Axis] Loans and advances [Member] Capital advances [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 39,51,97,382 28,07,75,994 12,72,28,466 5,94,20,868
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 39,51,97,382 28,07,75,994 12,72,28,466 5,94,20,868
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
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
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director

Loans and advances to related parties
Classification of loans and advances [Axis] Security deposits [Member]
[Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 7,71,76,735 7,18,90,270 18,26,28,026 14,00,00,000
0 0 0 0
advances
Loans and advances 7,71,76,735 7,18,90,270 18,26,28,026 14,00,00,000
[Abstract]
0 0 0 0
0 0 0 0
director
53

Loans advances given directors Loans advances given other related
Classification of loans and advances [Axis]
[Member] parties [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 5,38,38,026 0 12,87,90,000 14,00,00,000
0 0 0 0
advances
Loans and advances 5,38,38,026 0 12,87,90,000 14,00,00,000
[Abstract]
0 0 0 0
0 0 0 0
director

Classification of loans and advances [Axis] Other loans and advances [Member] Other taxes receivable [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 81,64,155 94,64,856 50,31,652 46,00,562
0 0 0 0
advances
Loans and advances 81,64,155 94,64,856 50,31,652 46,00,562
[Abstract]
0 0 0 0
0 0 0 0
director
54

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
Classification of loans and advances [Axis] Loans and advances [Member]
[Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 31,32,503 48,64,294 3,76,79,678 3,80,37,603
0 0 0 0
advances
Loans and advances 31,32,503 48,64,294 3,76,79,678 3,80,37,603
[Abstract]
0 0 0 0
0 0 0 0
director

Classification of loans and advances [Axis] Security deposits [Member] Other loans and advances [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 3,60,000 0 3,73,19,678 3,80,37,603
0 0 0 0
advances
Loans and advances 3,60,000 0 3,73,19,678 3,80,37,603
[Abstract]
0 0 0 0
0 0 0 0
director
55

Classification of loans and advances [Axis] Prepaid expenses [Member] Advance tax [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 66,82,620 25,52,602 1,45,85,825 1,65,05,332
0 0 0 0
advances
Loans and advances 66,82,620 25,52,602 1,45,85,825 1,65,05,332
[Abstract]
0 0 0 0
0 0 0 0
director

Classification of loans and advances [Axis] Advance income tax paid [Member] MAT credit entitlement [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 1,45,85,825 1,65,05,332 10,62,683 10,62,683
0 0 0 0
advances
Loans and advances 1,45,85,825 1,65,05,332 10,62,683 10,62,683
[Abstract]
0 0 0 0
0 0 0 0
director
56

Deposits with statutory authorities Other loans and advances, others
Classification of loans and advances [Axis]
[Member] [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 15,19,100 0 1,34,69,450 1,79,16,986
0 0 0 0
advances
Loans and advances 15,19,100 0 1,34,69,450 1,79,16,986
[Abstract]
0 0 0 0
0 0 0 0
director
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[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 6,85,47,195 13,41,92,249 6,85,47,195 13,41,92,249
Allowance for bad and doubtful debts 0 0
Total trade receivables 6,85,47,195 13,41,92,249 6,85,47,195 13,41,92,249
Details of trade receivables due by
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director
57
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member] Raw materials [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 36,29,24,661 35,78,27,905 28,40,48,862 25,80,45,574
Textual information Textual information Textual information Textual information
Mode of valuation (19) [See below] (20) [See below] (21) [See below] (22) [See below]

Classification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Inventories 1,58,49,125 90,60,933 8,52,18,662 6,83,95,972

Classification of inventories [Axis] Stores and spares [Member] Other inventories [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Inventories 2,11,01,208 2,23,25,426 -4,32,93,196 0
Provision for Provision for
Nature of other inventories obsolence of obsolence of
Inventory Inventory
58

Classification of inventories [Axis] Other inventories, others [Member]
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Subclassification and notes on liabilities and assets [Abstract]
Inventories -4,32,93,196 0
Textual information Textual information
Mode of valuation (31) [See below] (32) [See below]
Provision for Provision for
Nature of other inventories obsolence of obsolence of
Inventory Inventory
59

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term 0 0
Others long-term, others 14,00,66,667 5,00,00,000
Total others, long-term 14,00,66,667 5,00,00,000
Total other long-term liabilities 14,00,66,667 5,00,00,000
Current maturities of long-term debt 3,48,33,363 2,91,32,149
Interest accrued but not due on borrowings 21,96,828 23,28,946
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
Taxes payable other tax 2,03,38,100 1,61,51,945
Public deposit payable, current 0 0
Total other payables, current 2,03,38,100 1,61,51,945
Other advance received 0 1,45,57,071
Short-term employee related liabilities 3,77,62,160 3,03,21,893
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others 1,37,62,938 1,03,06,160
Total other current liabilities 10,88,93,389 10,27,98,164
Other non-current assets, others (A) 48,97,843 (B) 2,03,65,040

Total other non-current assets (C) 48,97,843 (D) 2,03,65,040
Non-current bank Non-current bank
Nature of other non-current assets, others balance balance
Aggregate amount of trade receivables outstanding for period
0 0
exceeding six months
Fixed deposits with banks 0 0
Other balances with banks 9,96,28,600 67,64,189
Total balance with banks 9,96,28,600 67,64,189
Cash on hand 14,52,281 13,92,582
Total cash and cash equivalents 10,10,80,881 81,56,771
Other bank balances (E) 21,68,90,000 (F) 3,98,15,175

Total cash and bank balances 31,79,70,881 4,79,71,946
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 (G) 65,96,456 (H) 15,81,651

Other current assets, others 11,94,179 17,92,121
Total other current assets 77,90,635 33,73,772
Footnotes
(A) Goodwill-492703 other non-current assets-4405140
(B) goodwill-492703 other non-current assets-19872337
(C) Other non-current assets : 4405140 Goodwill on consolidation : 492703
(D) Other non-current assets : 19872337 Goodwill on consolidation : 492703
(E) Deposits : 134410000 Margin money deposit with banks * : 82480000
(F) Deposits : 23300175 Margin money deposit with banks * : 16515000
(G) Accrued interest on deposit with bank : 5456323 Accrued interest on loan to Director : 1140133
(H) Accrued interest on deposit with bank : 1581651 Accrued interest on loan to Director : 0
60
Mode of valuation
Method for valuation of inventory The Group has changed its policy for valuation of its inventory. Earlier the Group used to value its inventory
at cost or net realizable value whichever is lower and the cost is determined on first in first out basis (FIFO). Going forward, the Group has valued
the inventory at cost or net realizable value whichever is lower and the cost is determined on weighted average basis. Had the Group continued to
use the earlier policy of valuation of closing stock, its deficit in the statement of profit and loss account would have been higher by Rs. 1,356,293
and inventory would correspondingly have been lower by Rs. 1,356,293.
Mode of valuation
Mode of valuation
Method for valuation of inventory The Group has changed its policy for valuation of its inventory. Earlier the Group used to value its inventory at
cost or net realizable value whichever is lower and the cost is determined on first in first out basis (FIFO). Going forward, the Group has valued
Mode of valuation
Mode of valuation
Method for valuation of inventory The Group has changed its policy for valuation of its inventory. Earlier the Group used to value its inventory at
cost or net realizable value whichever is lower and the cost is determined on first in first out basis (FIFO). Going forward, the Group has valued
Mode of valuation
61
Mode of valuation
Mode of valuation
Mode of valuation
Mode of valuation
Mode of valuation
Mode of valuation
62
Mode of valuation
Mode of valuation
[200700] Notes - Additional disclosures on balance sheet
Details of disclosures required under MSMED Act 2006 [Table] ..(1)

Micro small medium enterprises [Axis] 1 2 3 4
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Additional balance sheet notes [Abstract]
Details of disclosures required under MSMED
Act 2006
[Abstract]
Details of disclosures required under MSMED
Act
2006 [LineItems]
Principal and interest due remaining unpaid
[Abstract]
Principal due remaining unpaid 2,99,091 29,10,666 0 0
Interest due remaining unpaid 9,653 2,383 11,599 4,96,786
Total principal and interest due remaining
3,08,744 29,13,049 11,599 4,96,786
unpaid
Amount of interest paid under MSMED Act
0 0 0 0
2006
Amount of payments made to supplier
beyond 0 0 0 0
due date during year
Amount of interest due and payable for
0 0 0 0
period
Amount of interest accrued and remaining
9,653 2,383 11,599 4,96,786
unpaid at end of accounting year
Amount of further interest due and payable
0 0 0 0
even in succeeding year
Maximum amount outstanding for period
from 0 0 0 0
micro small medium enterprises
BSA INDIA FOOD
Name supplier being micro small medium DDS - TPM FLAVOURS DRY BLEND FOODS EXCIPIENTS
INGREDIENTS PRIVATE
enterprises PRIVATE LIMITED PRIVATE LIMITED HOUSE
LIMITED
CIN of micro small and medium enterprise U15122MH2011PTC219605 U51909DL1999PTC098729 U34300DL1999PTC098271
63

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of additional balance sheet notes explanatory [TextBlock] [See below]
Total contingent liabilities and commitments 0 0
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
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 [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
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 [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0
64
Disclosure of additional balance sheet notes explanatory [Text Block]

Loans and advances
1. The loan has been made pursuant to the resolution passed in the extra-ordinary general meeting held on March 21, 2016.
2. Represents interest free advance given to the managing director of the Holding Company by one of its subsidiary partnership firm.
Margin money deposits given as security
Balances in bank with deposits accounts with original maturity within 12 months includes deposits amounting Rs. 64,685,140/- (March 31, 2016
Rs. 20,832,930) pledged with the issuing bank towards margin money to secure the letter of credit facility availed by the Company and bank
guarantee facility availed from a bank by Cremica Food Park Private Limited. Further, Rs. 200,000 (March 31, 2016 Rs. 200,000) has been
pledged with VAT department, Himachal Pradesh.
Balances in bank with deposits accounts with original maturity within 12 months includes deposits amounting Rs. 22,000,000/- (March 31, 2016
Nil) with a Bank duly lien marked in the favour of the bank against the overdraft facilities availed by the Company.
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2016
to
31/03/2017
Disclosure of accounting policies, change in accounting policies and Textual information (34)
changes in estimates explanatory [TextBlock] [See below]
65
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
Corporate Information
Cremica Food Industries Limited (‘the Company’) and its subsidiaries are engaged in the business of manufacturing and distribution of ketchup
and other various variants of sauces like mint sauce, tamarind sauce, bread spreads, mayonnaise etc. The Group is selling its products in domestic
markets and also export markets.
Basis of preparation
The Consolidated financial statements of the Group have been prepared in accordance with the generally accepted accounting principles in India
(Indian GAAP). The Group has prepared these financial statements to comply with all material respects with the accounting standards notified
under section 133 of the Companies Act, 2013, read together with paragraph 7 of the Companies (Accounts) Rules, 2014 and Companies
(Accounting Standards) Amendment Rules, 2016. The consolidated financial statements have been prepared on an accrual basis and under the
historical cost convention.
The accounting policies adopted in the preparation of consolidated financial statements are consistent with those of previous year.
1.1 Principles of consolidation
The consolidated financial statements of the Group have been prepared on the following basis:
(i) The financial statements of the Company and its subsidiary companies are combined on a line a line basis by adding together the
book values of like items of assets, liabilities, income and expense, after fully eliminating intra-group balances and intra-group transactions in
accordance with Accounting Standard -21 – “Consolidated Financial Statements”.
(ii) The difference between the cost of investments in the subsidiaries and the Company’s share of net assets at the time of acquisition of
shares in the subsidiaries is recognised in the financial statements as Goodwill or capital reserve as the case may be.
(iii) As far as possible, the Consolidated Financial statements are prepared using uniform significant accounting policies for like
transactions and other events in similar circumstances.
(iv) The financial statements of the Company and its subsidiaries used in Consolidation are drawn up to same reporting date as followed
by the Company i.e. March 31, 2017 and in the same format as that adopted by the parent company for its separate financial statements.
(v) Minority interest’s share of net profit/ loss of consolidated subsidiaries for the year is identified and adjusted against the income of
the group in order to arrive at the net income attributable to the shareholders of the Company.
(vi) Minority interest’ share of net assets of consolidated subsidiaries is identified and presented in the consolidated balance sheet
separately from liabilities and the equity of the Company’s shareholders.
(vii) The Companies considered in the consolidated financial statements apart from parent company are as follows:
% of ownership % of ownership
Name of the Company/ Firm Country of incorporation
March 31, 2017 March 31, 2016
Cremica Food Park Private Limited* 42.76% 46.19% India
66
Cremica Condiments Private Limited 100% N.A. India
CFIL (TALA) Infrastructure Private Limited - 100% India
CFIL Infrastructure Private Limited - 100% India
Bector (Taloja) Infrastructure Private Limited - 100% India
Cremica Him Valley Investment 98% 98% India
Cremica (UK) Limited 100% NA United Kingdom
*Pursuant to the investment agreement dated May 16, 2016, the shareholders of Cremica Food Park Private Limited (CFPL) are obligated to
transfer the shares held by them in CFPL to the Company upon completion of certain regulatory formalities, making CFPL a wholly owned
subsidiary of the Company. Further, subsequent to the year end, the Company has entered into memorandum of understanding with the
shareholders dated December 28, 2017 for transfer of beneficial ownership to the Company and approved by the board in board meeting dated
December 28, 2017.
The Company continues to consider Cremica Food Park Private Limited as its subsidiary as done in earlier year.
1.2 Summary of significant accounting policies
a. Change in accounting policy
i. Method for valuation of inventory
The Group has changed its policy for valuation of its inventory. Earlier the Group used to value its inventory at cost or net realizable value
whichever is lower and the cost is determined on first in first out basis (FIFO). Going forward, the Group has valued the inventory at cost or net
realizable value whichever is lower and the cost is determined on weighted average basis.
Had the Group continued to use the earlier policy of valuation of closing stock, its deficit in the statement of profit and loss account would have
been higher by Rs. 1,356,293 and inventory would correspondingly have been lower by Rs. 1,356,293.
b. Use of estimates
The preparation of consolidated financial statements are in conformity with Indian GAAP requires the management to make judgments, estimates
and assumptions that affect the reported amounts of assets, liabilities, revenue, expenses and the disclosure of contingent liabilities at the end of
the year. Although these estimates are based on the management’s best knowledge of current events and actions, uncertainty about these
assumptions and estimates could result in the outcomes requiring a material adjustment to the carrying amounts of assets, liabilities, revenue and
expenses in future periods. Changes in estimates are reflected in the consolidated financial statements in the period in which changes are made
and if material, their effects are disclosed in notes to accounts.
c. Property, plant and equipment
Property, plant and equipment, capital work in progress are stated at cost, net of accumulated depreciation and accumulated impairment losses, if
any. The cost comprises purchase price, borrowing costs if capitalization criteria are met, directly attributable cost of bringing the asset to its
67
working condition for the intended use and initial estimate of decommissioning, restoring and similar liabilities.
Any trade discounts and rebates are deducted in arriving at the purchase price. Such cost includes the cost of replacing part of the plant and
equipment. When significant parts of plant and equipment are required to be replaced at intervals, the Group depreciates them separately based on
their specific useful lives. Likewise, when a major inspection is performed, its cost is recognised in the carrying amount of the plant and
equipment as a replacement if the recognition criteria are satisfied. All other repair and maintenance costs are recognised in profit or loss as
incurred.
Items of stores and spares that meet the definition of plant, property and equipment are capitalized at cost and depreciated over their useful life.
Otherwise, such items are classified as inventories.
Gains or losses arising from derecognition of plant, property and equipment are measured as the difference between the net disposal proceeds and
the carrying amount of the asset and are recognized in the statement of profit and loss when the asset is derecognized.
The Group identifies and determines cost of each component/ part of the asset separately, if the component/ part has a cost which is significant to
the total cost of the asset and has useful life that is materially different from that of the remaining asset.
Plant, property and equipment held for sale is valued at lower of their carrying amount and net realizable value. Any write-down is recognized in
the statement of profit and loss.
d. Depreciation on property, plant and equipment
Leasehold land is amortized on a straight line basis over the period of lease.
Depreciation on property, plant and equipment is calculated on a straight-line basis using the rates arrived at, based on the useful lives estimated
by the management. The identified components are depreciated separately over their useful lives; the remaining components are depreciated over
the life of the principal asset. The Group has used the following rates to provide depreciation on its plant, property and equipment:
Indicative useful Life as per Schedule II

Estimated useful Life
Particulars
Factory building 30 30
Plant and Machinery (except ii below) 15 15
Furniture and fixtures 10 10
Vehicles 8 8
Office equipment 5 5
Computer 3 3
i. The residual values, useful lives and methods of depreciation of property, plant and equipment are
reviewed at each financial year end and adjusted prospectively, if appropriate.
68
ii. The management has estimated a useful life of crates, pallets and cylinders capitalised in plant and
machinery as three years.
e. Intangible Assets
Intangible assets acquired separately are measured on initial recognition at cost. Following initial recognition, intangible assets are carried at cost
less accumulated amortization and accumulated impairment losses, if any. Internally generated intangible assets, excluding capitalized
development costs, are not capitalized and expenditure is reflected in the statement of profit and loss in the year in which the expenditure is
incurred.
Intangible assets are amortized on a straight line basis over the estimated useful economic life.
Intangible Assets Estimated Useful Life (Years)
Computer Software Over the estimated economic useful lives i.e. 6 years
The amortization period and the amortization method are reviewed at least at each financial year end. If the expected useful life of the asset is
significantly different from previous estimates, the amortization period is changed accordingly. If there has been a significant change in the
expected pattern of economic benefits from the asset, the amortization method is changed to reflect the changed pattern. Such changes are
accounted for in accordance with AS 5 Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies.
Gains or losses arising from de-recognition of an intangible asset are measured as the difference between the net disposal proceeds and the
carrying amount of the asset and are recognized in the statement of profit and loss when the asset is derecognized.
f. Leases
Operating Lease
Where the Group is lessee
Finance leases, which effectively transfer to the Group substantially all the risks and benefits incidental to ownership of the leased item, are
capitalized at the inception of the lease term at the lower of the fair value of the leased property and present value of minimum lease payments.
Lease payments are apportioned between the finance charges and reduction of the lease liability so as to achieve a constant rate of interest on the
remaining balance of the liability. Finance charges are recognized as finance costs in the statement of profit and loss. Lease management fees,
legal charges and other initial direct costs of lease are capitalized.
A leased asset is depreciated on a straight-line basis over the useful life of the asset. However, if there is no reasonable certainty that the Group
will obtain the ownership by the end of the lease term, the capitalized asset is depreciated on a straight-line basis over the shorter of the estimated
useful life of the asset or the lease term.
Leases, where the lessor effectively retains substantially all the risks and benefits of ownership of the leased item are classified as operating
leases. Operating lease payments are recognized as an expense in the statement of profit and loss on a straight-line basis over the lease term.
g. Borrowing costs
69
Borrowing cost includes interest, amortization of ancillary costs incurred in connection with the arrangement of borrowings. Borrowing costs
directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready for its
intended use or sale are capitalized as part of the cost of the respective asset. All other borrowing costs are expensed in the period they occur.
h. Impairment of fixed assets
The Group assesses at each reporting date whether there is an indication that an asset may be impaired. If any indication exists, or when annual
impairment testing for an asset is required, the Group estimates the asset's recoverable amount. An asset's recoverable amount is the higher of an
asset's or cash-generating units (CGU) net selling price and its value in use. The recoverable amount is determined for an individual asset, unless
the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. Where the carrying amount of
an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. In assessing
value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market
assessments of the time value of money and the risks specific to the asset. In determining net selling price, recent market transactions are taken
into account, if available. If no such transactions can be identified, an appropriate valuation model is used.
Impairment losses of continuing operations, including impairment on inventories, are recognized in the statement of profit and loss.
After impairment, depreciation is provided on the revised carrying amount of the asset over its remaining useful life.
An assessment is made at each reporting date as to whether there is any indication that previously recognized impairment losses may no longer
exist or may have decreased. If such indication exists, the Group estimates the asset’s or cash-generating unit’s recoverable amount. A previously
recognized impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s recoverable amount since
the last impairment loss was recognized. The reversal is limited so that the carrying amount of the asset does not exceed its recoverable amount,
nor exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset in
prior years. Such reversal is recognized in the statement of profit and loss.
i. Investments
Investments, which are readily realizable and intended to be held for not more than one year from the date on which such investments are made,
are classified as current investments. All other investments are classified as long-term investments.
On initial recognition, all investments are measured at cost. The cost comprises purchase price and directly attributable acquisition charges such
as brokerage, fees and duties. If an investment is acquired, or partly acquired, by the issue of shares or other securities, the acquisition cost is the
fair value of the securities issued. If an investment is acquired in exchange for another asset, the acquisition is determined by reference to the fair
value of the asset given up or by reference to the fair value of the investment acquired, whichever is more clearly evident.
Current investments are carried in the consolidated financial statements at lower of cost and fair value determined on an individual investment
basis. Long-term investments are carried at cost. However, provision for diminution in value is made to recognize a decline other than temporary
in the value of the investments.
On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the statement of
profit and loss.
j. Inventories
Inventories are valued as follows:
Lower of cost and net realizable value. However, materials and other items held for use in the
production of inventories are not written down below cost if the finished products in which they
will be incorporated are expected to be sold at or above cost.
Raw materials and components, Stores and
spares (including packing materials) Cost is determined on a weighted average basis.
Stores and spares which do not meet the definition of plant, property and equipment are
accounted as inventories.
70
Lower of cost and net realizable value. Cost of Finished goods and Work-in-progress includes
Finished goods and Work-in-progress direct materials, labour and a proportion of manufacturing overheads based on normal operating
capacity. Cost is determined on weighted average basis. Cost of finished goods includes excise
duty.
Scrap At net realizable value.
Net realizable value is the estimated selling

price in the ordinary course of business, less
estimated costs of completion and to make the
sale.
k. Revenue recognition and other income
Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured.
The following specific recognition criteria must also be met before revenue is recognized:
Sale of goods
Revenue from sale of Goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer usually on
delivery of Goods to the customer. The Group collects sales taxes and value added taxes (VAT) on behalf of the government and, therefore, these
are not economic benefits flowing to the Group. Hence, they are excluded from revenue. Gross Sales is inclusive of excise duty paid on such
sales. Excise duty deducted from revenue (gross) is the amount that is included in the revenue (gross) and not the entire amount of liability arising
during the year.
Interest
Interest income is recognized on a time proportion basis taking into account the amount outstanding and the applicable interest rate. Interest
income is included under the head “other income” in the statement of profit and loss.
Dividends
Dividend income is recognized when the Group’s right to receive dividend is established by the reporting date.
Export incentives
Export incentives are recognised in the statement of profit and loss when the right to receive credit as per the terms of the scheme is established in
respect of export made.
l. Foreign currency translation
i. Initial Recognition
Foreign currency transactions are recorded in the reporting currency, by applying to the foreign currency amount the exchange rate between the
reporting currency and the foreign currency at the date of the transaction.
ii. Conversion
Foreign currency monetary items are retranslated using the exchange rate prevailing at the reporting date. Non-monetary items, which are
measured in terms of historical cost denominated in a foreign currency, are reported using the exchange rate at the date of the transaction.
71
Non-monetary items, which are measured at fair value or other similar valuation denominated in a foreign currency, are translated using the
exchange rate at the date when such value was determined.
iii. Exchange differences
Exchange differences arising on the settlement of monetary items or on reinstatement of monetary items at rates different from those at which
they were initially recorded during the year, or reported in previous consolidated financial statements, are recognised as income or as expenses in
the year in which they arise.
m. Retirement and other Employee Benefits
Retirement benefit in the form of provident fund is a defined contribution scheme. The Group has no obligation, other than the contribution
payable to the provident fund. The Group recognizes contribution payable to the provident fund scheme as expenditure, when an employee
renders the related service. If the contribution payable to the scheme for service received before the balance sheet date exceeds the contribution
already paid, the deficit payable to the scheme is recognized as a liability after deducting the contribution already paid. If the contribution already
paid exceeds the contribution due for services received before the balance sheet date, then excess is recognized as an asset to the extent that the
pre-payment will lead to, for example, a reduction in future payment or a cash refund.
The Group operates two defined benefit plans for its employees, viz., gratuity. The costs of providing benefits under these plans are determined
on the basis of actuarial valuation at each year-end. Separate actuarial valuation is carried out for each plan using the projected unit credit method.
Actuarial gains and losses for both defined benefit plans are recognized in full in the period in which they occur in the statement of profit and
loss.
Accumulated leave, which is expected to be utilized within the next 12 months, is treated as short-term employee benefit. The Group measures
the expected cost of such absences as the additional amount that it expects to pay as a result of the unused entitlement that has accumulated at the
reporting date.
The Group treats accumulated leave expected to be carried forward beyond twelve months, as long-term employee benefit for measurement
purposes. Such long-term compensated absences are provided for based on the actuarial valuation using the projected unit credit method at the
year-end. Actuarial gains/losses are immediately taken to the statement of profit and loss and are not deferred. The Group presents the leave as a
current liability in the balance sheet, to the extent it does not have an unconditional right to defer its settlement for 12 months after the reporting
date.
n. Income Taxes
Tax expense comprises current and deferred tax. Current income-tax is measured at the amount expected to be paid to the tax authorities in
accordance with the Income-tax Act, 1961 enacted in India. The tax rates and tax laws used to compute the amount are those that are enacted or
substantively enacted, at the reporting date. Current income tax relating to items recognized directly in equity is recognized in equity and not in
the statement of profit and loss.
Deferred income taxes reflect the impact of timing differences between taxable income and accounting income originating during the current year
and reversal of timing differences for the earlier years. Deferred tax is measured using the tax rates and the tax laws enacted or substantively
enacted at the reporting date. Deferred income tax relating to items recognized directly in equity is recognized in equity and not in the statement
of profit and loss.
Deferred tax liabilities are recognized for all taxable timing differences. Deferred tax assets are recognized for deductible timing differences only
to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be
realized. In situations where the Group has unabsorbed depreciation or carry forward tax losses, all deferred tax assets are recognized only if there
is virtual certainty supported by convincing evidence that they can be realized against future taxable profits.
At each reporting date, the Group re-assesses unrecognized deferred tax assets. It recognizes unrecognized deferred tax asset to the extent that it
has become reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which such
deferred tax assets can be realized.
The carrying amount of deferred tax assets are reviewed at each reporting date. The Group writes-down the carrying amount of deferred tax asset
to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available
against which deferred tax assets can be realized. Any such write-down is reversed to the extent that it becomes reasonably certain or virtually
certain, as the case may be, that sufficient future taxable income will be available.
72
Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set-off current tax assets against current tax
liabilities and the deferred tax assets and deferred taxes relate to the same taxable entity and the same taxation authority.
o. Segment reporting
Identification of segments
The Group’s operating business are organized and managed separately according to the nature of the products and services provided with each
segment representative a strategic business unit that offers different products and serve different markets. The analysis of geographical market is
based on the areas in which major operating divisions of the Group operates.
Segment accounting policies
The Group prepares its segment information in conformity with the accounting policies adopted for preparing and presenting the consolidated
financial statements of the Group as a whole.
p. Earnings per share
Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders (after deducting
preference dividends and attributable taxes) by the weighted average number of equity shares outstanding during the period.
For the purpose of calculating diluted earnings per equity share, the net profit or loss for the period attributable to equity shareholders and the
weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.
q. Provisions
A provision is recognised when an enterprise has a present obligation as a result of past event and it is probable that an outflow of resources will
be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are not discounted to its present
value and are determined based on best management estimate required to settle the obligation at the balance sheet date. These are reviewed at
each balance sheet date and adjusted to reflect the current best management estimates.
r. Contingent liabilities
A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence
of one or more uncertain future events beyond the control of the Group or a present obligation that is not recognized because it is not probable
that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a
liability that cannot be recognized because it cannot be measured reliably. The Group does not recognize a contingent liability but discloses its
existence in the consolidated financial statements.
s. Cash and Cash equivalents
Cash and cash equivalents in the cash flow statement comprise cash at bank and in hand and short- term investments with an original maturity of
three months or less.
t. Government grant
Grants and subsidies from the government are recognized when there is reasonable assurance that (i) the Group will comply with the conditions
attached to them, and (ii) the grant/subsidy will be received.
When the grant or subsidy relates to revenue, it is recognized as income on a systematic basis in the statement of profit and loss over the periods
necessary to match them with the related costs, which they are intended to compensate. Where the grant relates to an asset, it is recognized as
deferred income and released to income in equal amounts over the expected useful life of the related asset.
73
u. Measurement of EBITDA
As permitted by the Guidance Note on the Revised Schedule VI to the Companies Act, 1956, the Group has elected to present earnings before
interest, tax, depreciation and amortization (EBITDA) as a separate line item on the face of the statement of profit and loss. The Group measures
EBITDA on the basis of profit/ (loss) from continuing operations. In its measurement, the Group does not include depreciation and amortization
expense, interest income, finance costs and tax expense.
[201700] Notes - Government grants

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
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
74
[201200] Notes - Employee benefits
Disclosure of defined benefit plans [Table] ..(1)

Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Defined benefit plans categories [Axis] Gratuity
01/04/2015
01/04/2016
to 31/03/2015
to
31/03/2017
31/03/2016
Disclosure of defined benefit plans [Abstract]
Disclosure of defined benefit plans [LineItems]
Description of accounting policy for defined benefit plans Textual information (35) [See below]
Description of type of plan Textual information (36) [See below]
Reconciliation of changes in present value of defined benefit
obligation [Abstract]
Changes in defined benefit obligation, at present value
[Abstract]
Increase (decrease) through current service cost, defined
43,24,960 28,41,512
benefit obligation, at present value
Increase (decrease) through interest cost, defined benefit
9,58,075 8,14,925
obligation, at present value
Increase (decrease) through actuarial losses (gains),
-9,65,209 25,79,577
defined benefit obligation, at present value
Decrease through benefits paid, defined benefit obligation,
2,29,541 -7,12,511
at present value
Total changes in defined benefit obligation, at present value 60,18,703 17,89,371
Defined benefit obligation, at present value at end of period 1,79,94,639 1,19,75,936 1,01,86,565
Reconciliation of changes in fair value of plan assets [Abstract]
Changes in plan assets, at fair value [Abstract]
Increase (decrease) through expected return, plan
4,53,415 4,40,577
assets, at fair value
Total changes in plan assets, at fair value 4,53,415 4,40,577
Plan assets, at fair value at end of period 58,83,534 54,30,119 49,89,542
Recognised assets and liabilities of defined benefit plans
[Abstract]
Recognised liabilities, defined benefit plan 1,79,94,639 1,19,75,936
Recognised assets, defined benefit plan 58,83,534 54,30,119
Net liability (asset) of defined benefit plans 1,21,11,105 65,45,817
Reconciliation of liability asset of defined benefit plans
[Abstract]
Defined benefit obligation, at present value 1,79,94,639 1,19,75,936 1,01,86,565
Plan assets, at fair value 58,83,534 54,30,119 49,89,542
Net liability (asset) of defined benefit plans 1,21,11,105 65,45,817
Recognised expense of defined benefit plans [Abstract]
Current service cost, defined benefit plan 43,24,960 28,41,512
Interest cost, defined benefit plan 9,58,075 8,14,925
Expected return on plan assets, defined benefit plan 4,53,415 4,40,557
Actuarial gains (losses) recognised in profit or loss,
-9,65,209 25,79,577
defined benefit plan
Past service cost recognised in profit or loss, defined
0 12,59,861
benefit plan
Effect of curtailment and settlement recognised in
3,25,631 14,60,931
profit or loss, defined benefit plan
Total post-employment benefit expense, defined benefit
54,69,198 4,35,233
plans
Actuarial assumption [Abstract]
Actuarial assumption of discount rates 7.00% 8.00%
Actuarial assumption of expected rates of return on plan
8.00% 8.00%
assets
Actuarial assumption of expected rates of salary increases 7.00% 7.00%
Other material actuarial assumptions Textual information (37) [See below]
75
Experience adjustments on plan assets and plan liabilities

[Abstract]
Defined benefit obligation, at present value 1,79,94,639 1,19,75,936 1,01,86,565
Plan assets, at fair value 58,83,534 54,30,119 49,89,542
Net surplus (deficit) in plan -1,21,11,105 -65,45,817

01/04/2016
to
31/03/2017
Disclosure of employee benefits explanatory [TextBlock] [See below]
Description of accounting policy for defined benefit plans

Retirement and other Employee Benefits Retirement benefit in the form of provident fund is a defined contribution scheme. The Group has no
obligation, other than the contribution payable to the provident fund. The Group recognizes contribution payable to the provident fund scheme as
expenditure, when an employee renders the related service. If the contribution payable to the scheme for service received before the balance sheet
date exceeds the contribution already paid, the deficit payable to the scheme is recognized as a liability after deducting the contribution already
paid. If the contribution already paid exceeds the contribution due for services received before the balance sheet date, then excess is recognized as
an asset to the extent that the pre-payment will lead to, for example, a reduction in future payment or a cash refund. The Group operates two
defined benefit plans for its employees, viz., gratuity. The costs of providing benefits under these plans are determined on the basis of actuarial
valuation at each year-end. Separate actuarial valuation is carried out for each plan using the projected unit credit method. Actuarial gains and
losses for both defined benefit plans are recognized in full in the period in which they occur in the statement of profit and loss. Accumulated
leave, which is expected to be utilized within the next 12 months, is treated as short-term employee benefit. The Group measures the expected
cost of such absences as the additional amount that it expects to pay as a result of the unused entitlement that has accumulated at the reporting
date. The Group treats accumulated leave expected to be carried forward beyond twelve months, as long-term employee benefit for measurement
purposes. Such long-term compensated absences are provided for based on the actuarial valuation using the projected unit credit method at the
year-end. Actuarial gains/losses are immediately taken to the statement of profit and loss and are not deferred. The Group presents the leave as a
current liability in the balance sheet to the extent it does not have an unconditional right to defer its settlement for 12 months after the reporting
date.
Description of type of plan

The Group has a defined benefit gratuity benefit plan. Every employee who has completed 5 years or more of service gets a gratuity on departure
at 15 days salary (last drawn salary) for each completed year of service to a monetary limit of Rs. 10 lakhs.
Other material actuarial assumptions

Demographic assumptions As at March 31, 2017 As at March 31, 2016 Gratuity(Funded) Gratuity(Funded) i) Retirement age 60 60 ii) Mortality
table IALM (2006-08) IALM (2006-08) iii) Ages Withdrawal Rate (%) Withdrawal Rate (%) Upto 30 years 0.03 0.03 From 31 to 44 years
0.02 0.02 Above44 years 0.01 0.01
76
Disclosure of employee benefits explanatory [Text Block]

Employee Benefits - Gratuity (Defined Benefit)
The Group has a defined benefit gratuity benefit plan. Every employee who has completed 5 years or more of service gets a gratuity on departure
at 15 days salary (last drawn salary) for each completed year of service to a monetary limit of Rs. 10 lakhs.
77
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] 1 2
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of relationship and transactions between
related parties [Abstract]
related parties [LineItems]
AKSHAY SURENDRA SURENDRA
Name of related party BECTOR
AKSHAY BECTOR
KHEMKA KHEMKA
Country of incorporation or residence of related
INDIA INDIA INDIA INDIA
party
Permanent account number of related party ABJPB4769K ABJPB4769K ABQPK8304C ABQPK8304C
Key Management Key Management Key Management
Description of nature of related party relationship Personnel
Key Management Personnel
Personnel Personnel
Rent paid,Loan repaid,
Textual Unsecured loan taken,
Description of nature of transactions with related managerial managerial
information (39) Managerial remuneration, Sale
party remuneration remuneration
[See below] of fixed asset, Interest free
advances receivable,
Related party transactions [Abstract]
Sales of tangible assets related party
1,50,000 5,48,48,483
transactions
Advances given during year related party
1,12,10,000
transactions
Interest received during year related party
11,40,133
transactions
Other related party transactions expense (A) 89,80,000 (B) 92,60,000
Other related party transactions income 96,60,000 25,00,000
Other related party transactions contribution
5,38,38,026
made
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 1,34,40,000 1,34,40,000 63,60,550 27,12,000
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions (C) 2,31,05,207
Amounts receivable related party transactions (D) 18,37,68,159 14,00,00,000
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
Footnotes
(A) trademark fees-2200000 rent paid-8760000
(B) rent paid-6760000 loan repaid-2500000
(C) balance payable-13445207 loan payable-9660000
(D) loan receivable-54978159 interest free advances receivable-128790000
78

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
SAMAIRA PARIMEYA ADVISORS
Name of related party GEETA BACTOR GEETA BACTOR
BECTOR PRIVATE LIMITED
party
Permanent account number of related party ABVPB3164E ABVPB3164E ABKPB0047M
CIN of related party U74140GJ2015PTC084339
Enterprises which are owned, or
Relatives of
have significant influence of or
Key Management Key Management K e y
Description of nature of related party relationship Personnel Personnel management
are partners with Key
management personnel and their
personnel
relatives
Rent paid,
Rent paid, managerial
managerial
Description of nature of transactions with related remuneration,director Sale of fixed
remuneration,director Professional charges
party sitting fee, balance asset
sitting fee, balance
payable
payable
Sales of tangible assets related party
1,50,000 70,50,000
transactions
Other related party transactions expense (A) 88,05,000 (B) 59,80,000 (C) 9,86,000
[Abstract]
Remuneration for key managerial personnel 48,00,000 48,00,000 0 0
Amounts payable related party transactions 2,99,580
0 0 0 0
0 0 0 0
Footnotes
(A) rent paid-8760000 director sitting fee-45000
(B) rent paid-5960000 director sitting fees-20000
(C) professional charges
79

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
AKHILESH AKHILESH
Name of related party BECTOR BECTOR
SANA BECTOR SANA BECTOR

party
Permanent account number of related party ASBPB8038J ASBPB8038J BMMPB9291H BMMPB9291H
Relatives of Key Relatives of Key Relatives of Key Relatives of Key
Description of nature of related party relationship management management management management
personnel personnel personnel personnel
Description of nature of transactions with related Salary paid,balance Salary paid,balance Salary paid, balance Salary paid, balance
party payable payable receivable receivable
Other related party transactions expense 24,00,000 22,26,344 26,88,000 26,88,000
[Abstract]
Remuneration for key managerial personnel 0 0 0 0
Amounts payable related party transactions 3,02,191 2,00,000
Amounts receivable related party transactions 5,000 5,000
0 0 0 0
0 0 0 0
80

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of relationship and transactions
between
between
IDEAL LAPIDARY IDEAL LAPIDARY
Name of related party IDEAL COMMERCE LTD IDEAL COMMERCE LTD
PRIVATE LIMITED PRIVATE LIMITED
related INDIA INDIA INDIA INDIA
party
CIN of related party U74999GJ1993PLC019033 U74999GJ1993PLC019033 U36911RJ2007PTC023677 U36911RJ2007PTC023677
Enterprises which are Enterprises which are Enterprises which are Enterprises which are
owned, or have significant owned, or have significant owned, or have significant owned, or have significant
Description of nature of related party 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 personnel and their personnel and their personnel and their
relatives relatives relatives relatives
Description of nature of transactions with
Professional charges, Professional charges, Professional charges,
related Professional charges
balance payable balance payable balance payable
party
Other related party transactions expense
(A) 8,25,000 9,81,000 (B) 9,75,000 9,90,000
Transaction relating to key management

personnel
[Abstract]
Remuneration for key managerial
0 0 0 0
personnel
Amounts payable related party
3,60,000 41,04,565 4,50,000
transactions
Amount written off during period in
respect 0 0 0 0
Amount written back during period in
respect 0 0 0 0
Footnotes
(A) professional charges
(B) professional charges
81

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
between
between
SUBH LABH PRIME SUBH LABH PRIME
PARIMEYA COMMERCE PARIMEYA COMMERCE
Name of related party PRIVATE LIMITED PRIVATE LIMITED
ADVISORS PRIVATE ADVISORS PRIVATE
LIMITED LIMITED
related INDIA INDIA INDIA INDIA
party
CIN of related party U65100DL2015PTC283326 U65100DL2015PTC283326 U74140RJ2010PTC032928 U74140RJ2010PTC032928
Enterprises which are Enterprises which are
owned, or have significant owned, or have significant
owned, or have significant owned, or have significant
Description of nature of related party 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 personnel and their
personnel and their relatives personnel and their relatives
relatives relatives
Description of nature of transactions
Rent paid, security deposit
with related paid
Professional charges professional charges professional charges
party
Other related party transactions
(A) 2,16,16,667 9,86,000 (B) 7,54,000 9,80,000
expense
Transaction relating to key management
personnel
[Abstract]
Remuneration for key managerial
0 0 0 0
personnel
Amount written off during period in
respect 0 0 0 0
Amount written back during period in
respect 0 0 0 0
Footnotes
(A) rent paid-1616667 security deposit paid-20000000
82

01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
AKSHAY BECTOR AKSHAY BECTOR KHAITAN & KHAITAN &
Name of related party HUF HUF KHAITAN KHAITAN
party
Permanent account number of related party AABHA1049L AABHA1049L AAQFK4200N AAQFK4200N
Enterprises which Enterprises which
are owned, or have are owned, or have
owned, or have owned, or have
significant influence significant influence
significant influence significant influence
of or are partners of or are partners
Description of nature of related party relationship with Key
of or are partners with
with Key
of or are partners with
Key management Key management
management management
relatives relatives
relatives relatives
Description of nature of transactions with related
Rent paid Rent paid professional charges professional charges
party
Other related party transactions expense (A) 18,00,000 18,00,000 (B) 24,00,000 6,00,000
[Abstract]
Remuneration for key managerial personnel 0 0 0 0
0 0 0 0
0 0 0 0
Footnotes
(A) rent paid
83

Categories of related parties [Axis] 13 14 15
01/04/2016 01/04/2015 01/04/2015 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2016 31/03/2016
JYOTI
Name of related party ROBIN VIJAN ROBIN VIJAN
AGGARWAL
AJAY BECTOR

party
Permanent account number of related party AJKPV7361A AJKPV7361A AQQPA4740H
ABWPB7406Q
Relatives of Key
Key Management Key Management Key Management
Description of nature of related party relationship Personnel Personnel Personnel
management
personnel
Description of nature of transactions with related managerial managerial managerial
Balance receivable
party remuneration remuneration remuneration
[Abstract]
Remuneration for key managerial personnel 11,31,245 7,99,438 5,54,255
Amounts receivable related party transactions 21,32,000
0 0 0 0
0 0 0 0

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of notes on related party explanatory [TextBlock] [See below]
Whether there are any related party transactions during year No No
Whether company is subsidiary company No No
Description of nature of transactions with related party

Investment sold , Rent paid,Trademark fees, Loan given,Loan repaid, Unsecured loan taken, Advance received back, Interest income on loan
given, Managerial remuneration, Sale of fixed asset, balance payable, loan receivable, Interest free advances receivable, loan payable
84
Disclosure of notes on related party explanatory [Text Block]

Related party disclosure
Related party disclosure is in accordance with the Accounting Standards AS-18 on “Related Party Disclosure” notified by the Companies
(Accounting Standards) Rules, 2006:-
A. Name of related parties and description of relationship:
a) Key management personnel
Mr. Akshay Bector Managing Director
Mr. Surendra Khemka Executive Director
Ms. Geeta Bector Non-executive Director
Mr. Robin Vijan Company Secretary
b) Relatives of Key management personnels
Mr. Dharamvir Bector
Mrs. Rajni Bector
Mr. Ajay Bector
Mrs. Samira Bector
Mr. Akhilesh Bector
Mrs. Sana Bector
c) Enterprises in which key managerial personnel have significant influence:
Ideal Commerce Limited
Ideal Lapidary Private Limited
Parimeya Advisors Private Limited
85
Parimeya Commerce Private Limited
Subh Labh Prime Advisors Private Limited
Akshay Bector (HUF)
Khaitan and Khaitan
[201400] Notes - Leases

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of leases explanatory [TextBlock] [See below]
Whether any operating lease has been converted to financial lease or
No No
vice-versa
Disclosure of leases explanatory [Text Block]

The Group has leased facilities under both cancellable and non cancellable operating leases arrangements with a lease term ranging from one to
fifteen years, which are subject to renewal at mutual consent thereafter, The cancellable arrangements can be terminated by either party after
giving due notice. The lease rent expenses recognized during the year amounts to Rs.26,480,987/- (March 31, 2016 23,034,837). The future
minimum lease payments in respect of non cancellable operating leases as at March 31, 2017.
a) not later than one year 1930246 2030000
b) later than one year but not later than five years 1016163 0
c) later than five years 0 0
86
[300300] Notes - Earnings per share

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of earnings per share explanatory [TextBlock] [See below]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Disclosure of earnings per share explanatory [Text Block]
The following reflects the loss and share data used in basic and diluted EPS
computation:
For the Year ended March 31, For the Year ended March 31,
2017 2016
Loss for the year -300502815 -166723034
Weighted average number of shares in calculating basic EPS 5776760 5776760
Basic Earning per share -52.01926599 -28.86099371
Diluted Earning per share
Loss for the year -300502815 -166723034
Weighted average number of shares in calculating Diluted EPS* 7256855.786 5776760
Diluted Earning per share -41.40950624 -28.86099371
Since diluted earning per share is increased when taking the compulsory convertible preference share into account i.e. from Rs. (52.02) to Rs.
(41.41), the Compulsory convertible preference shares are anti-dilutive and are ignored in the calculation of diluted earning per share. Therefore
diluted earning per share is Rs. (52.02).
* Since the number of equity shares are dependent on the agreed valuation methodology, each preference share has been considered to be
convertible at par i.e. Rs. 10 for the purpose of calculation of diluted EPS.
87
[201900] Notes - Income taxes

31/03/2017 31/03/2016
Disclosure of notes on income taxes explanatory [TextBlock]
Disclosure of breakup of deferred tax assets and deferred tax liabilities
[Abstract]
Components of deferred tax assets [Abstract]
Deferred tax asset, expenditure disallowances 80,77,979 12,39,881
Deferred tax asset, depreciation -2,99,32,489 -3,87,30,479
Deferred tax asset, provision doubtful debts 1,62,86,237 0
Deferred tax asset, unabsorbed depreciation 13,59,342 4,88,24,318
Deferred tax asset, other 58,46,269 17,664
Total deferred tax assets 16,37,338 1,13,51,384
[202600] Notes - Consolidated financial statements
Disclosure of details of entities consolidated [Table] ..(1)

Entities consolidated [Axis] 1 2
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Disclosure of additional information consolidated financial statements [Abstract]
Disclosure of additional information consolidated financial statements [LineItems]
Cremica food park Cremica Condiments
Name of entity consolidated private limited Private Limited
Type of entity consolidated Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated 21,76,57,906 72,002
Net assets of entity as percentage of consolidated net assets 42.29% 0.01%
Amount of share in profit or loss of entity consolidated -39,57,774 -27,998
Share in profit or loss of entity as percentage of consolidated profit or loss 1.31% 0.01%
Disclosure of details of subsidiaries [Table] ..(1)

Subsidiaries [Axis] 1 2
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries [LineItems]
Cremica Food Park Cremica Condiments
Name of subsidiary consolidated Private limited Private Limited
Country of incorporation or residence of subsidiary consolidated INDIA INDIA
Proportion of ownership interest in subsidiary consolidated 42.76% 100.00%
Proportion of voting power held in subsidiary consolidated 42.76% 100.00%
Description of nature of relationship with subsidiary where parent has Control of board of
NA
directly or indirectly less than half of voting power directors
End of reporting period of financial statements of subsidiary when different from
31/03/2017 31/03/2017
parent
88

01/04/2016
to
31/03/2017
Disclosure of notes on consolidated financial statements explanatory
[TextBlock]
Whether consolidated financial statements is applicable on company Yes
Description of reason for not consolidating subsidiary NA
Description of fact that uniform accounting policies are not adopted for
NA
consolidated financial statements
Proportion of items in consolidated financial statements to which
0.00%
different accounting policies have been applied
Disclosure of details of subsidiaries explanatory [TextBlock]
Disclosure of additional information consolidated financial statements
[TextBlock]
[202100] Notes - Other provisions, contingent liabilities and contingent assets

01/04/2016
to
31/03/2017
Disclosure of notes on other provisions, contingent liabilities and Textual information (43)
contingent assets explanatory [TextBlock] [See below]
Disclosure of notes on other provisions, contingent liabilities and contingent assets explanatory [Text Block]
Contingent Liabilities and commitment (to the extent not provided for)
(a) Capital commitment- The estimated amount of contract/ purchase order remaining to be executed on capital goods and not provided for as at
March 31, 2017 is Rs. 212,203,403 ( (March 31, 2016: Rs. 218,091,704).
(b) Contingent liabilities
(i) Pending 'C' forms 82151117 93485292
(ii) Demand of tax and penalty by Commercial tax 24305534 0
department of Government of Telangana *
* During the year, the Holding Company has received an order from Commercial Tax Department of Government of Telangana imposing a tax
liability of Rs. 24,305,534 (including a penalty of Rs. 12,152,767) on account of suppression of turnover in sales tax return for the financial year
2014-15 and 2015-16. The Commercial Tax Department has computed the tax liability on the basis of amount of e-way bills, whereas the e-way
bill data was erroneous. The Holding Company has filed an appeal against the same order and the matter is pending for disposal. The
management of the Company is confident of winning the above cases and accordingly no provision has been made in this regard at this stage.
89
[202700] Notes - Cash flow statements

01/04/2016 01/04/2015
to to 31/03/2015
31/03/2017 31/03/2016
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 10,10,80,881 81,56,771 2,47,79,887
Total cash and cash equivalents 10,10,80,881 81,56,771
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities -19,19,507 61,12,656
Total income taxes paid (refund) -19,19,507 61,12,656
90
[100200] Statement of profit and loss

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
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 200,41,71,190 186,06,72,181
Revenue from sale of services 0 0
Excise duty 5,95,62,765 5,33,33,118
Total revenue from operations other than finance company 194,46,08,425 180,73,39,063
Total revenue from operations 194,46,08,425 180,73,39,063
Other income 2,17,62,348 65,89,555
Total revenue 196,63,70,773 181,39,28,618
Expenses [Abstract]
Cost of materials consumed 114,58,25,775 105,48,75,487
Changes in inventories of finished goods, work-in-progress and
-2,36,10,882 60,85,233
stock-in-trade
Employee benefit expense 35,42,56,105 26,97,23,598
Finance costs (A) 5,21,42,432 (B) 6,81,08,852

Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 7,03,73,884 4,87,82,819
Amortisation expense 15,16,542 8,66,516
Total depreciation, depletion and amortisation expense 7,18,90,426 4,96,49,335
CSR expenditure 0 0
Other expenses (C) 59,83,04,881 (D) 51,65,78,115

Total expenses 219,88,08,737 196,50,20,620
Total profit before prior period items, exceptional items, extraordinary
-23,24,37,964 -15,10,92,002
items and tax
Prior period items before tax -6,06,05,254 -6,22,26,643
Total profit before extraordinary items and tax -29,30,43,218 -21,33,18,645
Total profit before tax -29,30,43,218 -21,33,18,645
Tax expense [Abstract]
Deferred tax 97,14,046 -4,62,70,676
Total tax expense 97,14,046 -4,62,70,676
Total profit (loss) for period from continuing operations -30,27,57,264 -16,70,47,969
Total profit (loss) for period before minority interest -30,27,57,264 -16,70,47,969
Profit (loss) of minority interest 22,54,449 3,24,935
Total profit (loss) for period -30,05,02,815 -16,67,23,034
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] 0 [INR/shares] 0
Diluted earnings per equity share [INR/shares] 0 [INR/shares] 0
Footnotes
(A) Interest income : -16931354 Finance cost : 69073786
(B) Interest income : -5834334 Finance cost : 73943186
(C) Other expenses : 598304881 Exceptional Items : 0
(D) Other expenses : 393537704 Exceptional Items : 123040411
91
[300500] Notes - Subclassification and notes on income and expenses

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
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 200,41,71,190 186,06,72,181
Total revenue from sale of products 200,41,71,190 186,06,72,181
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]
Total interest income 0 0
Dividend income [Abstract]
Dividend income current investments [Abstract]
Dividend income current investments from others 0 65,685
Total dividend income current investments 0 65,685
Total dividend income 0 65,685
Net gain/loss on sale of investments [Abstract]
Net gain/loss on sale of long-term investments 0 9,515
Total net gain/loss on sale of investments 0 9,515
Other non-operating income [Abstract]
Surplus on disposal, discard, demolishment and destruction of
46,95,805 13,83,079
depreciable tangible asset
Gain on disposal of intangible asset 0 26,35,426
Income export incentives 11,94,179 9,96,004
Income from subsidiaries 1,28,713 0
Excess provisions written back 1,57,11,651 0
Miscellaneous other non-operating income 32,000 14,99,846
Total other non-operating income 2,17,62,348 65,14,355
Total other income 2,17,62,348 65,89,555
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense long-term loans [Abstract]
Interest expense long-term loans, banks 6,30,93,178 6,65,27,459
Interest expense long-term loans, others 13,76,442 17,78,534
Total interest expense long-term loans 6,44,69,620 6,83,05,993
Interest expense deposits -1,49,72,363 -58,34,334
Other interest charges (A) -10,14,096

(B) 0
Total interest expense 4,84,83,161 6,24,71,659

Other borrowing costs 36,59,271 56,37,193
Total finance costs (C) 5,21,42,432 (D) 6,81,08,852

Employee benefit expense [Abstract]
Salaries and wages 33,06,20,490 25,41,76,001
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Total managerial remuneration 0 0
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 1,54,16,089 1,27,15,104
Total contribution to provident and other funds 1,54,16,089 1,27,15,104
Gratuity 54,69,198 4,35,233
Staff welfare expense 27,50,328 23,97,260
Total employee benefit expense 35,42,56,105 26,97,23,598
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 1,34,44,732 89,10,714
92
Power and fuel 2,85,22,391 3,08,23,177

Rent 2,64,80,987 2,30,34,837
Repairs to building 19,64,109 20,76,617
Repairs to machinery 1,49,95,132 45,59,098
Insurance 58,21,933 38,52,299
Rates and taxes excluding taxes on income [Abstract]
Central excise duty (E) 4,73,298
(F) 0
Other cess taxes 1,38,73,809 82,06,289

Total rates and taxes excluding taxes on income 1,43,47,107 82,06,289
Telephone postage 84,80,562 32,36,600
Printing stationery 13,01,075 23,23,725
Travelling conveyance 7,49,35,759 7,09,77,895
Legal professional charges 4,90,26,980 2,20,75,228
Directors sitting fees 0 0
Donations subscriptions 0 10,17,700
Advertising promotional expenses 3,46,36,517 4,46,66,989
Cost transportation [Abstract]
Cost freight 7,51,67,422 6,23,65,179
Cost other transporting (G) 2,00,04,684 (H) 1,45,98,021

Total cost transportation 9,51,72,106 7,69,63,200
Provision bad doubtful debts created 12,70,648 1,20,244
Provision bad doubtful loans advances created 2,38,10,068 0
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off 0 0
Fixed assets written off 6,46,030 0
Inventories written off (I) 2,55,49,861 (J) 8,33,00,000

Bad debts written off 0 0
Bad debts advances written off 0 0
Other assets written off 0 3,97,40,411
Total write-off assets (K) 2,61,95,891 (L) 12,30,40,411

Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
0 0
tangible asset
Payments to auditor [Abstract]
Payment for audit services 20,51,000 9,79,250
Payment for other services 0 1,16,000
Payment for reimbursement of expenses 1,01,640 0
Total payments to auditor 21,52,640 10,95,250
Miscellaneous expenses (M) 17,57,46,244 (N) 8,95,97,842

Total other expenses (O) 59,83,04,881 (P) 51,65,78,115
93
Footnotes
(A) Others : 944895 - on Income tax refund : -818858 - Others : -1140133
(B) Others : 0 - on Income tax refund : 0 - Others : 0
(C) Interest income : -16931354 Finance cost : 69073786
(D) Interest income : -5834334 Finance cost : 73943186
(E) Provision for ED on closing stock : 473298
(F) Provision for ED on closing stock : 0
(G) carriage & forwarding charges : 20004684
(H) carriage & forwarding charges : 14598021
(I) Inventory - Provision : 25549861 Written down of inventories of raw material ** : 0
(J) Inventory - Provision : 0 Written down of inventories of raw material ** : 83300000
(K) Sundry balance written off : 26195891
(L) Sundry balance written off : 123040411
(M) Miscellaneous expenses : 18548029 Rebate & discount claims : 119916190 Loss on foreign exchange fluctuations(net) : 28839
Other repais & maintanence : 3336538 Job-work charges : 33916648
(N) Miscellaneous expenses : 14144203 Rebate & discount claims : 67315067 Loss on foreign exchange fluctuations(net) : 1099281
Other repais & maintanence : 3999940 Job-work charges : 3039351
(O) Other expenses : 598304881 Exceptional Items : 0
(P) Other expenses : 393537704 Exceptional Items : 123040411
[300600] Notes - Additional information statement of profit and loss

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Additional information on profit and loss account explanatory [TextBlock] [See below]
Changes in inventories of finished goods -1,68,22,690 -92,45,069
Changes in inventories of work-in-progress -67,88,192 1,53,30,302
Total changes in inventories of finished goods, work-in-progress and
-2,36,10,882 60,85,233
stock-in-trade
Prior period income before tax 32,81,750 0
Prior period expense before tax 6,38,87,004 6,22,26,643
Total prior period items before tax -6,06,05,254 -6,22,26,643
Total prior period items after tax -6,06,05,254 -6,22,26,643
Value of imports of raw materials 2,07,05,716 8,42,83,440
Value of imports of components and spare parts 9,38,513.37 15,85,118
Value of imports of capital goods 22,17,000 0
Total value of imports calculated on CIF basis 2,38,61,229.37 8,58,68,558
Expenditure on other matters 1,10,72,821 1,00,83,655
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 1,10,72,821 1,00,83,655
Total amount of dividend remitted in foreign currency 0 0
FOB value of manufactured goods exported 3,63,91,475.62 2,58,16,147.88
Total earnings on export of goods calculated on FOB basis 3,63,91,475.62 2,58,16,147.88
Total earnings in foreign currency 3,63,91,475.62 2,58,16,147.88
Domestic sale manufactured goods 196,77,79,714 183,48,56,033
Total domestic turnover goods, gross 196,77,79,714 183,48,56,033
Export sale manufactured goods 3,63,91,476 2,58,16,148
Total export turnover goods, gross 3,63,91,476 2,58,16,148
Total revenue from sale of products 200,41,71,190 186,06,72,181
Total revenue from sale of services 0 0
Gross value of transaction with related parties as per AS-18 0 0
Bad debts of related parties as per AS-18 0 0
94
Additional information on profit and loss account explanatory [Text Block]

Exceptional items
As at 31 March 2017 As at 31 March 2016
Sundry balance written off * 0 39740411
Written down of inventories of raw material ** 0 83300000
0 123040411
* The Holding Company was formed to take over the business undertaking of condiments and snack food division of M/s Bector's Food
Specialities Limited ('MBFSL') in terms of order dated July 4, 2014 of the Hon'ble High Court of Punjab and Haryana. In terms of the order, the
assets and liabilities comprised in the condiments and snack food division were to be recorded at the same value as are appearing in the books of
accounts of MBFSL as on the relevant date. During the previous year, the management had noted that there were various customer balances
appearing in the books of accounts as trade receivables amounting to Rs. 39,740,411, which were not likely to be recovered. This being an
exceptional and non-recurring expenditure pertaining to the Company was considered as an expenditure not in ordinary course of business and
accordingly written off as an exceptional items in the statement of profit and loss.
** During the previous year, the Holding Company has identified a substantial stock of imported raw material which was unexpectedly
deteriorated in quality in the course of transit and/ or storage and was considered unusable for production and accordingly written off.
[300100] Notes - Revenue

01/04/2016
to
31/03/2017
Disclosure of revenue explanatory [TextBlock] [See below]
95
Disclosure of revenue explanatory [Text Block]

Revenue from operations
As at March 31, 2017 As at March 31, 2016
Sale of Products
Finished goods 2004171190 1860672181
Revenue from operations (gross) 2004171190 1860672181
Less: Excise duty collected on sales* -59562765 -53333118
Revenue from operations (net) 1944608425 1807339063
*Excise duty on sales amounting to Rs. 59,562,765 (March 31, 2016 Rs. 53,333,118) has been reduced from sales in statement of profit and loss
and excise duty on increase/decrease in stock amounting to Rs. 473,298 (March 31, 2016 Nil) has been considered as expense in Note 24 of the
consolidated financial statements.
[202200] Notes - Effects of changes in foreign exchange rates

01/04/2016
to
31/03/2017
Disclosure of notes on effect of changes in foreign exchange rates Textual information (46)
explanatory [TextBlock] [See below]
96
Disclosure of notes on effect of changes in foreign exchange rates explanatory [Text Block]
Derivative Instruments and unhedged foreign currency exposure
a) Derivatives outstanding as at the balance sheet date
Particulars
Forward contract to purchase US$ 0 77387
Forward contract to purchase Rs. 0 5202758
b) The foreign currency exposures remaining unhedged at the year end
Particulars
Against creditors of Import [In US Dollars] 0 63638
Equivalent approximate in Rs. 0 4221313
Against buyer credit on Import [In US Dollars] 0 204693
Against trade payables of Import [In Euro] 0 234765
Against Trade receivables of Export [In US Dollars] 142227 142375
97

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CREMICA FOOD INDUSTRIES LIMITED

Consolidated Financial Statements for period 01/04/2016 to 31/03/2017

[400100] Disclosure of general information about company

[400200] Disclosures - Auditors report

Details regarding auditors [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

Textual information (1)

Disclosure in auditors report relating to fixed assets

Textual information (2)

Disclosure in auditors report relating to inventories

Textual information (3)

Disclosure in auditors report relating to loans

Textual information (4)

Textual information (5)

Disclosure in auditors report relating to deposits accepted

Textual information (6)

Disclosure in auditors report relating to maintenance of cost records

Textual information (7)

Disclosure in auditors report relating to statutory dues [Text Block]

TS VAT Act, Tax liability and

Textual information (8)

Disclosure in auditors report relating to default in repayment of financial dues

Textual information (9)

Textual information (10)

Textual information (11)

Disclosure in auditors report relating to managerial remuneration

Textual information (12)

Disclosure in auditors report relating to transactions with related parties

Textual information (13)

Textual information (14)

Textual information (15)

Disclosure in auditor’s report explanatory [Text Block]

To the Members of Cremica Food Industries Limited

Report on the Consolidated Financial Statements

Managements Responsibility for the Consolidated Financial Statements

Report on Other Legal and Regulatory Requirements

For S.R. Batliboi & CO. LLP

ICAI Firm Registration Number: 301003E/E300005

Per Vikas Mehra

Membership Number: 094421

Place of Signature: New Delhi

Date: December 28, 2017

Textual information (16)

Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report

[100100] Balance sheet

Other non-current assets (A) 48,97,843 (B) 2,03,65,040

[100400] Cash flow statement, indirect

Other adjustments to reconcile profit (loss) (A) 4,11,76,553

Other adjustments for non-cash items (C) 4,32,93,196

Total adjustments to profit (loss) 15,71,98,297 4,70,13,908

Other inflows (outflows) of cash (E) -34,10,463 (F) -9,515

[200100] Notes - Share capital

Disclosure of classes of share capital [Table] ..(1)

Decrease in number of shares during period

Amount of shares reserved for issue under options

Disclosure of classes of share capital [Table] ..(2)

Number of other issue of shares