ELMOT DIRECT CURRENT MACHINES PRIVATE LIMITED CIN; U28920MH1974PTCO17256 NOTICE NOTICE 1S HEREBY GIVEN THAT THE 42 ANNUAL GENERAL MEETING OF THE MEMBERS OF ELMOT DIRECT CURRENT MACHINES PRIVATE LIMITED WILL BE HELD ON FRIDAY, 30” SEPTEMBER, 2016 AT 11,00 AM AT THE REGISTERED OFFICE OF THE COMPANY TO TRANSACT THE FOLLOWING BUSINESS ORDINARY BUSINESS: 1, Toreeeive, consider and adapt the Audited Financial Statement of the company asat 31" March, 2016 and the Report of Board of Directors (the Board’) and the Auditors thereon, 2. To ratify the appointment of M/s. Atmakuri & Co., Chartered Accountants (Firm Registration No, (0002685) as auditors of che Company, from the conclusion of this Annual General Meeting tlll the conclusion of next Annual General Meeting and to fix their remuneration. ‘SPECIAL BUSINESS: 3, Appointment of Mrs, Padmaja Venkata Lalita Nandula (DIN: 07301270) as Director of the Company To consider and if, thought fir, to pass with ar withaut modification(s), the following resolution a5 an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Sec. 152 (2) and all other applicable provisions if any, of the Companies Act, 2013 read with the rules made there under, Mrs, Padmaja Venkata Lalita Nandula (DIN: 07301270) who was appointed as an Additional Director of the Company at the meeting of the Board of Directors held on 7™ January, 2016 and who holds offee as such up to the date of this Annual General Mecting, be and is hereby appointed as the Director of the Company.” By order of the Board of Dircetors For ELMOT DIRECT CURRENT MACHINEGPRIVATE LIMITED AAKASH V.K, RAO Director (DIN: 01842116) Place: Hyderabad Date: 01/09/2016 NOTES: 1. A member entitled to attend and to vote at the meeting is entitled to appoint a proxy to attend and vote on poll instead of himself and such a proxy need not be a member of the company. 2. Proxies in order to be effective must be received ar the company’s registered office not less than 48 hours before the mecting,3. Apperson can act ay. proxy on behalf of members not exceeding fifty and holding in the aggregate rot more than ten percent of the total share eapieal of the Company carrying veving rights. 4, A-member holding more than ten percent of the total share capital of che Company cartying voting rights may appoint a single person as proxy and such person shall not act as @ proxy for any other person or sharcholder, 5. The Explanatory Statement pursuant to Section 102 of the Companics Act, 2013, stating. all material facts and the reasons for the proposals set out above is annexed herewith STATEMENT TO BE ANNEXED TO THE NOTICE (Pursuant to Section 102(1) of the Companies Act, 2013) Ikem No. 3: Pursuant to the provisions of Scetion 152 of the Companies Act, 2013 Mrs. Padmaju Venkata Lalita Nandula ts proposed to be appointed as the Direetor of the Company. Pursuant to the provisions of Section 161 and other applicable provisions of the Companies Act, 2013 read with the rules made there under, Mrs, Padmaja Venkata Lalita Nandula was appointed as an Additional Dircetor of the Company in the Board Mecting held on 07.01.2016. She continucs to hold office until the conclusion of the ensuing, AGM, The sald Direetor is not disqualified from being appointed as a Directors in terms of Scction 164 of the ‘Companies Act, 2013 and has given her consent te act asa Director, ‘Mrs, Padmaja venkata Lalita Nandula holds 100 Class A Equity Shares of Rs. 10 cach and 20 Class B Equity shares of Rs. 100 each of the Company. Save and except the above said Directors and her relatives, 0 the extent of their shareholding interest, if any, in the Company, none of the other Directors / Key Managerial Personnc/Managers of the Company / their relatives are, in any way, concerned or interested, financially or otherwise, in this resolution, The Roard recommends the resolution for your approval. By order of the Board of Directors For ELMOT DIRECT CURRENT MACHINES PRIVATE LIMITED AAKASH V. K. RAO Director (DIN: 01842116) Place: Hyderabad Date: 01/09/2016ELMOT DIRECT CURRENT MACIHINI'S PRIVATE LIMII CIN: U28920MIN1974P1C017256 Regatered Ollice 303,Lotus Houye,3A, New Marine Lines, Mumbai, Maharashtra 400020 PROXY FORM [Porson co setae 195(6) af the Companies Act 2013 und rule 19(3) ofthe Companies (Management ane! Administration) Riles, NU4f We, being the member(s) of hares of the ahave named company, herehy appoint ime ofthe Email id. member(s): Folio NaJ Client id Repistered address: No: DP id No. Lame: ‘Name: 3.Name: Address: Addr Address: Email id Email Enmall i: Signature: Signature: Signatur Or falling him Or failing hin Or falling b as my/our prosy to attend and vote (on 4 poll) for me/us and on my/our behalf at the 42”! Annual General Meeting ofthe company, be held on Feta, 3 Seprertbe, 2016 a 1.00 A.M a the Registered lice of the Company at 303,Lotus House,33A, New Marine Lines, Mumbl, Maharashrra,~ 400020 and at any adjournment thereof in respect of such resolutions as are indicated below: ‘S.No Resolution 7 To receive, consider and adopt the Audited Financial Statement af the company asat 31” March, and the Report of Board of Directors (the Roard’) and the Auditors thereon. z “To ratify the appointment of M/s, Atmakuri & Co,, Chartered Accountants (Firm Registration No. 0002685) as auditors of the Company and fix their remuneration. 3 Appointment of Mrs. Padmaja Venkata Lalita Nandula (DIN: 07301270) as Director ofthe Company | Signed thls,....day of 2016 Signacure of sharcholder: Signature of Proxy holdler(s): Note: This form of proxy in onder to be effective should be duly completed ancl deposited at the Registereal Office of the Company, not less than 48 hours before the commencement of the Meeting,EL MOT DIRECT CURRENT MACHINES PRIVATE LIMITED, CIN: U28920MH1974PTCO17256 Regustered Office: 303.1 ots House,33A, New Marine Lincs, Mumbai, Maharashtra 400020 ATTENDAN LIP SUP DULY FILLED IN 10 RF HANDED OVER AT THE ENTRANCF OF THE MEETING ITALL. Regd Folio No Cc No, of Shares held Cc _] INCASE OF PROXY NAME OF THE PROXY; Mr, /Mrs/Miss—. Certify that Yam a Registered Shareholder / Proxy lor the Registered Sharcholder of the Company. Unereby recard my presence at the 42"! Annual General Mecting of the company, 10 be held on Friday, 30" September, 2016 at 11:00 A.M. at the Registered Oifice af the Company at 303,Lotuys House,33A, New Marine Lines, Mumba shtra,~ 400020. Member's / Proxy’s Signature Notes: |.Please bring this Auendanee Slip when you are attending the Mecting. 2. Please do not bring with you any person who is not a member of the CompanyELMOT DIRECT. PRIVATE LIMITED BOARD'S RLPORT To The Members, M/s. ELMOT DIRECT CURRENT MACHINES PRIVATE LIMITED. Your Directors have pleasure in presenting before you the 42“ Annual Report of the Company together with the Audited Financlal Statements for the nancial year ended 31* arch, 2016, FINANCIAL SUMMARY/HIGHLIGHTS, OPERATIONS, STATE OF AEFARIS Rs. Current year Previous year 2015-2016 2014-2015 Total revenue oO 0 Toral expenses 23.350 36.918 Profit/(Loss) after tax (23,350) (36,918) Defered tax, 0 0 | Profit/(L.oss) off to balance sheet (23,350) (36.918) PERFORMANCE REVIEW During the financial year, your Company recorded a Net Joss of Rs, 23,350/- against a Net loss of Rs, 36,918/- in the previous year. Hope the company will achieve break even in the coming years. TRANSFER TO RESERVES The Directors have not transferred any amount to the General Reserve of the Company. DIVIDEND The Directors of your Company do not recommend any: 2016, dend for the financial year ending, 31* March, BOARD MEETINGS Seven (7) Board Meetings were held during the financial year ended! 3Ist March, 2016. The datcs on which the said mectings were held are (i) 21.04.2015 (ii) 27.06.2015 Gili) 01.09.2015, iv) 27.11.2015 (vi) 19.01.2016 (vil) 25.03.2016Details of the attendance of Directars of the Company: Roard Meetings entitled to | No. of Mectings attended Name of the Director Pvtrenal Mr. Vishalraj K Rao Akash 7 Mr. Manmath Nilmani Katare | 6 Mis Padinaja Venkata Talita [> Nandula DIRECTORS’ RESPONSIRILITY STATEMENT {In pursuance of scetion 134 (5) of the Companies Act, 2013, the Directors hereby confirm thar: (a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures; (b) The directors had sclected such accounting policies and applied them consistently and mace Judgments ancl estimates that are reasonable and prudent so as to give a truc and fair view of the state of affairs of the company ar the end of the financkil year and of the profit and loss of the company for that peri (©) The directors had taken proper and sufficient care for the maintenance of atlequate accounting, records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and dececting fraud and other irregularities; (d) The directors had prepared the annual accounts on a going concem basis: (©) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively. {As required pursuant co section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014, an extract of annual return in FORM MGT 9 has been annexed as part of this Annual Report as Annexure-1 DIRECTORS: ‘The Board at its meeting held on 7** January, 2016 has appointed Sme. Padmaja Venkata Lalita Nanclula san Additional Director of the Company to hold the office up to the conclusion of the Annual General Mecting, The Board is proposing the resolution far appointment of Mrs. Padmaja Venkata Lalita Nandula asthe Director of the Company.Mr. Manmath Nilman Katare has resigned from che office af the Director wef. 19.01.2016, PA a APLOYEE! Since the Company is a Private Limited Company, the disclosures under Section 197(12) are not applicable to the Company. AUDITORS: Mis, Atmakuri & Co., Chartered Accountants were appointed as the Auditors of the company'at the 40!" Annual General Meeting for a period of five years subject to ratification of their appointment in every ‘Annual General Meeting by the shareholders. The Board is recommending resolution for ratification of appointment of M/s. Atmakuri & Co,, Chartered Accountants, as Auditors up to the conclusion of the next Annual General Mecting. CONSERVATION _OF _ENERGY, RESEARCH _AND DEVELOPMENT, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS/OUTGO: ‘The information required under Section 134 (m)of the Companies Act, 2013 are given hereunder. A) CONSERVATION OF ENERGY: i) The steps caken or impact on conservation of energy; The operations of your company do not consume high level of encrgy. However, adequate measures have been taken to conserve cnergy by using efficient Equipment. {Gl) The steps raken by the company for utilising alternate sources of energy; not applicable Gil) The capital investment on energy conservation equipments; Nil B) TECIINOLOGY ABSORPTION: G) The efforts made towards technology absorption; not applicable (i) The benefits derived like product improvement, cost reduction, product development or import substitution; not applicable il) In ease of imported technology (imported during the last three years reckoned [rom the beginning of the financial year)- {a) The details of technology imported: not applicable (b) The year of import: not applicable (c) Whether the technology been fully absorbed; not applicable (A) If nor fully absorbed, arcas where absorption has not taken plice, and the reasons thervof: not applicable (iv) The expenditure incurred on Research and Development: Nil C) Foreign Exchange Earnings: NU D) Foreign Exchange Outgo: Nil ATION OR COMMENTS ON _QUALIFICATI RESERVATIOI VERSE REMARKS OR DISCLAIMERS MADE BY THE AUDITORS IN THEIR REPORTThere are no qualifications, reservations or adverse remarks made by the Audicors in their report. The provisions relating to submission of Sceretari:l Audle Report is nox applicable ra the Company PUBLIC DEPOSI ‘The Company has not accepted any public deposits under Section 73876 of the Companies Act, 2013 read with Companies (Acceptance of Deposits) Rules, 2014 during che year uncler review. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS: ‘The Company hts not made any loans, guarantees or Investments as per the provision of Section 186 of the Companies Act, 2013 during che financial year 2015-16, SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS ‘There are no significant and material orders passed by the regulators or Courts or Tribunals impacting the going concern status and the company’s operations in future. SURSIDIARIES, JOINT VI IND ASSOCIATE ES The Company does not have any Subsidiary, Joint venture or Associate Company during the year under review. REI PARTY TRANSACTIONS ‘There were no contract or arrangements made with related parties us defined under Section 188 of the Companies Act, 2013 during the year under review. RISK MANAGEMENT POLICY The Company has in place a mechanism to identify, assess, monitor and mitigate various risks to key business objectives. At present the company has not identified any clement of risk which may threaten the existence of the company. DETAII OF INTERN INTRO! REBFRENCE TO. THE FINANCIAL STATEMENTS ‘We accept responsibility for establishing and maintaining internal controls for financial reporting and that we have evaluated the effectiveness of internal control systems of the Company pertaining to Financial reporting and have disclosed to the Auditors, deficiencies in the design or operation of such internal controls, if any, of which we are aware and the steps we have taken or propose to rake to address these deficiencies.ACKNOWLEDGEMENT i Directors take this opportunity to thank the dedicated employees of the Company and all others who are continuing to help and support the Company The directors wish to place on record their appreciation of the continued cooperition and assistance of the Central Government, Statement Goverment ang the Banker, Cisemers andthe valuable adsice and support receive fro the sre alder By order of the Board of Directors 2. For ELMOT DIRECT CURRENT MACHINES PRIVATE LIMI woe a PADMAJA VL. NANDULA AKASH V.K, RAO Director Director (DIN; 07301270) (DIN: 01842116) Place: Hyderabad Date: 01/09/2016Annexure-1 FormNa.MGT-9 EXTRACT OF ANNUAL RETURN AS ON THE FINANCIAL YEAR ENDED ON 31" MARCH, 2016, rsuant to section 92G)of the Companies Act 2013 anu cule 12(Dof the Companies (Management and Administration) Rules, 2014 1. REGISTRATION AND OTHER DETAILS: 7 CIN U28920MINISTAPTCOI 256 TE | Registration Date OS/OR974 ii, [ Name of the Company ELMOT DIRECT CURRENT MACHINES PRIVATE LIMITED iv, | Category/Sub-Category of the Company Tndian Non-Government Company Limited by Shares v. | Address of the Registered office and contact | 303.LOTUS HOUSE33A, NEW MARINE details LINES, MUMBAI, MAHARASHTRA- 400020. vi. | Whether listed company No Vit | Name, Address and Contact details of NA Registrarand Transfer Agent, Ifany Tl, PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY All the business activities contributing 10% or more of the total turnover of the company shall be stated- During the year there are no operational activities in the Company. rr. [Name and Description of main HC Code of ‘to total turnover af the IN. |producta/ services he Product/ mpany T | Manufacture of clectrie motors, AC | 2710 ‘Company has no operations generators, DC Generators, Rotary Converted, Control Panels, transformers and other electricity distribution and control apparatus. ML PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES 'S. | Name And Address OF CIN/GLN Holding oF “Applica N | The Company Subsidiary/ shares ble J Associate, held Section NAHARE HOLDING PATTER i.Category-wise Equity Share Holding, ub-roral(A)I):-_ | - [Category of No. of Shares held atthe No. of Shares held at the end of the [% harchalders beginning of the year year Change during The year Demai[Physic] Total [% ofDem | Physical [Tol [% of al frotal fw fatal Shares [Shares ‘A. Promoter It) indian | fa) Individual” > | 1942 | 1992 [7768 2 | 12 | 7768 HUF 5) CentralGovt z 2 : = = = = = ) State Govt(s) = = = = z Bi : {d) Bodies Corp E 2 eg EB a 2 EZ e) Ranks /FL : = z z B ‘Any Other 2 : = = - 1942] 7768 1942 1942 | 7.68 ) Other- = Individuals [) Bodies Corp. = f) Banks 7 FI z lk) Any Other... = jub-toral(A)(2):- B. Public Sharcholding, I, Institutions la) Mutual Funds fb) Banks 7FT >) Central Govt State Govt(s) onan Cana Capital | Funds If) insurance > Companies Fils. a Ih) Foreign = Venture Capital Funds[Others Gspeciy) | - | s > B 5 5 Individuals ISuh-total(\(1) B. Non Institutions ) Bodies Corp, i) Indian - fe]. - : - (li) Overseus 7 - Jb) Individuals i) Individual shareholders halding ne share ea Rs. 1k inal alupto | - { 558 | 558 / 2232 | - 558 558 22.32 - Gi) Individual sharcholders holding nominal share capital in excess of Rs 1 - Jakh :) Others(Specify) | - ub total(H)(2) -_| sss |_ss_|_ 2232 [TotalPublic {shareholding )-(B)()» (BY2)_ |__| - - - - “Shares heldby CCustodianfor -fe]- : GDRs&ADRs Grand Toual 500 | 2,500 | 100 - 2.500 (A+B+C) LDING PA‘ Preference Share Capital Breakuy of Total Preference) .Category-wise Share Holding iregory of No. of Shares held at the No. of Shares held at the end of the tharcholders beginning of the year year DemjPhysical [Total [% _ofDem | Physical [Total [% It [Total at rotal IShares IShares ‘A, Promorerindian a) Individual? HUF by CentralGowr - 5 : a : = || | fe) State Gowt(s) | - | o z a a Bi 5 = [a) Bodies Corp =| = = E 2 zi 5 E ¢) Banks FL = : = = = E é A 5 ID Any Other ale a i E = Z F a [Sub-total(A)(1):- 2) Foreign kg) NRIs: -[ > = > - 5 5 5 Individuals TT i) Bodies Corp. = = a Banks/ FI ub-toral(A)(2):- C. Public Shareholding [2_Institutions _ | = = z = E = E fp 5 [Mutual Funds | -_| 2 = Fz = 7 a 2 lk) Ranks FL ~ | z = z 2 5 2 : 1) Central Govt. = = = = = 7 r lm) StateGow(sy) [= | - = E Ee a = In) Venture Capital | - | _~ = > Si E Funds ) Insurance . + a = = > > Companies Fs | 5 }) Foreign ~ | > 5 Venture Capital Funds [r)Others (specify) | - = > > = 7 7 7 . Individuals ub-toral(B)() [2. Non Institutions ld) Bodies Corp. (i) Indian |e - : : 7 . 7 7 (ii) Overseas - - 2 p A : 5 p s p) Individuals (i) Individual shareholders holding nominalRs. lalsh [Sharecaphalupie | 7 300 | 300 (Gi) Individual shareholders holding nominal share capital in excess of Rs I Others(Specify) [= uby-toral(B)(2) = lakh 00) 100 3007 100 [TocalPublic [Sharcholding ((8)-(B)(1)+ (B)(2) Shares heldby Custodianfor : - - GDRs&ADRs (Ay Grand Total 300 [300 Wa) - ifi, Shareholding of Promoters Sr. | Sharcholder's [Shareholding at the beginning | Sharcholding at the end of the No Name ofthe year ‘year No. of fs of total or : oftotal poof Shares |Shares of [Shares hares of [Shares _ |change he ——_[Pledged Pledged |in share company company holding, ncumbe ncumb [during lred to red to. {the otal total year shares shares 1. | Vishalraj K Rao Toor] 4008 F008 “|e 2 | Padmaja VC 0] 48 a 480 Nandula Rashmi 200 8 7 8.00 - lucational & General Trust 4. ] Rashmi Medical 200 8 8.00 * & General Trust 5. | Krishna 200 8 200 8.00 ca Educational & General Trust©] Krishna Medical 200 * 200 800 & General Trust 7.| CV R Rao Diety 20 as ey 80 Trust Toral aA 776 = 184 7168 year iv.Change in Promoters’ Shareholding: There is no change in Promoters’ Sharcholding duri Sharcholding at the beginning of the year Cumulative Sharcholding, during the year JNo. ofshares Pooftotal _|No.ofshares Pi of total res of the shares of the company lcompany the Beginning of the year 1942 71.8 1942 71.88 [Date wise Increase / [Decrease in Sharc holding uring the year specifying the Jreasons for increase / Jecroase (eg, fallotment / transfer / bonus / sweat equity etc): NoChange | NoChange NoChange | NoChange [At the End of the year 1942 77.88 1942 77.68 (¥) Sharcholding Pattern of top ten Shareholders (ather than Directors, Promoters and Holders of GDRs and ADRs) iquity Shares SE] oietucthotaan item Sharcholding at the | Shareholding at the end of the No. inning of the year ear oftotal Por he hares of [Shares change [Pledged / lin share pany feneumber holding Fadtorocal uring hares the year 22 =harcholding at the beginning ‘Sharehold sar foot of of total IShares Shares hares of IPledged he -ompany mpany sncumbe jred to otal shares 1 [Si PV Ratnam 300 }o0.00 —_|- 00 jio0-00 () Sharcholding of Directors and Key Managerial Personnel: SIN. Shareholding at the ‘Cumulative Shareholding For Each of the deginning of the year during the year Directorsand KMP [No.of 1 % af total No. of shares | of total shares, VISHALRA}K RAO | shares shares of the of 1 | AKASH company the company ‘At the beginning of 1002 4008 1002 40.08 the year | Date wise Increase 7 Decrease in Share NoChange | NoChange NoChange | NoChange holding curing the year specifying the reasons for inervase / decrease (cg, allooment Jeransfer / bonus sweat ‘equity ete): ‘At the end of 1002 4008 1002 F008 the year _ ‘SENo. ‘Sharcholding at the ‘Cumulative Sharcholding For Each of the beginning of the year during the year Directors and KMP [No.of ‘% of total No. of shares | % of total shares 2. | PADMAJA VENKATA | shares _| shares of the of LALITA NANDULA company the company ‘Ac the beginning of 130 480 120 480 the year Date wise Increase? Decrease in Share No Change | No Change NoChange | NoChange holding luting the year specifying thereasons for Increase ¢ decrease (eg. ulleement ‘Rransfer /bonus/ sweat equity ete): Artheend of the year 120 480 TO F80 Padmaja Venkata Lalica Nenchuls ‘appointed as Additional Director of he Company SIN. Sharcholding at the Cumulative Sharcholding For Each of the ining of the year during the year DicerereandkMP [ReSoT % of total No. of shares | % of total shares 3 * MANMATH — | shares | shares of the of NILMANI company the company KATARE ‘At the Beginning of the year Date wise Increase / Decrease in Share NoChange | No Change NoChange NoChange holding duting the year ‘specifying the reasons for increase / decrease (cg, allonnent transfer / bonus! sweat equity ete): Acthe end of > 5 ss the year © Ae. Menmath Nilmani Kacare has resigned from the olfice of the Director wef 19.01.2016. V. INDEBTEDNESS Indebtedness of the Company including interest outstanding/accrued but not due for payment Secured Loans | Unsecured Deposits Total excluding Loans Indebtedness deposits indebtedness at the beginning of the financial year i) Interest accrued but not ii) Principal Amount . ii) Interest due but not paid | - Tonal {Change in Indebiecnessloring the Tinanctal year Addition Reduction INct Change : lindebredness at the pnd of the financial year Principal Ainount . Interest due but net paid! il) Interest acerued but not ue V1. REMUNERATION OF DIRECTORS AND KE} SERIAL PERSONNEL: . Remuneration to Managing Director, Whole-time Directors and/or Manager-Nil B Remuneration to other directors: Nil € Remuneration to Key Managerial Personnel Other Than MD/Manager/WTD -Nil VII. PENALTIES/PUNISHMENT/COMPOUNDINGOFOFFENCES: There were no penalties / punishment / compounding of offences for the year ended 3ist March, 2016. By order of the Board of Directors For ELMOT DIRECT CURRENT MACHINES PRIVATE LIMITED Eo bre. PADMAJA V.LNANDULA AAKASH V. K. RAO Director Director (DIN: 07301270) (DIN: 01842116) Place: Hyderabad Date: 01/09/2016ATMAKURI_&_CO. fiyderabad S00 O82. Arah'ePragecn, Io CHARTERED ACCOUNTANTS @ (oy 23511408. Teter ox 20340071 Email atmakuri_cs@hotmall.com INDEPENDENT AUDITOR: REPORT, To, ‘The Members of Elmot Direct Current Machines Private Limited. REPORT ON THE STANDALONE FINANCIAL STATEMENTS We have audited the accompanying standalone financial statements of Elmot Direet Current Machines Private Limited (“the Company”) which comprise the Balance Sheet as at 31" March 2016, the Profit and Loss Statement and Cash Flow Statement for the year then ended and a summary of Significant Accounting Policies and other explanator MANAGEMENT'S RESPONSIBILITY FOR THE FINANCIAL. STATEMENTS ‘The Company's Board of Directors is responsible for the matters stated in Section 134(5) of the ‘Companies Act, 2013 (“the Act”) with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in aceordanee with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 113 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making Judgments and estimates thal are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether duc to fraud or error. AUDITOR'S RESPONSIBILITY. Our responsibilty isto express an opinion on these financial statements based on our 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 thereunder. We conducted the audit in accordance with the Standards of Auditing specified under Section 143(10) of the Act and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India. 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 misstatements. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures to the financial statements. The procedures selected depend on the auditor's judgment including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company's preparation of the financial statements that give a true and fair view, in order to design audit procedures that are appropriate to the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates.made by the Company's directors as well as evaluating the overall presentation of the financial stateWe believe that the audit evidence we have obtained is sufficient and nppropriate to provide a basis for our audit opinion on the financial statements. OPINION In our opinion and to the best of our information and according to the explanations given to us, the aforementioned financial statements glve the information required by the Act in the manner so requ and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at 31st March 2016, and its loss and its cash flow for the year ended ‘on that date, RT ON OT ID REC Ri RE} As required by the Companies (Auditor's Report) Order, 2015 (“the Order”), issued by the Central Government of India in terms of sub Section (11) of Section 143 of the Act (hereinafter referred to as the Order’), and on the basis of such checks of the books and records of the Company as we considered appropriate and according to the information and explanations given to us, we give in Annexure Ba statement on the matters specified in paragraphs 3 and 4 of the Order. ‘As required hy Section 143(3) of the Act, we report that: (a) We 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: (b) In our opinion, proper books of account as required by law have been kept by the Company in so far as it appears from our examination of those books: (c) The Balance Sheet, the Profit and Loss Statement, and the Cash Flow Statement dealt with by this Report are in agreement with the books of account: (@) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014: (©) On the basis of the written representatious reccived from the directors as on 31* March 2016, taken on record by the Board of Directors, none of the director is disqualified on 31" March 2016, from being appointed as a director in terms of Section 164(2) ofthe Act, (f) With respect to the adequacy of internal financial controls over financial reporting of the Company and the operating effectiveness of such controls, refer to our separate report in Annexure A, {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 knowledge and belief and according to the information and explanations give (The Company has no cases of pending litigation that would impact its financial position in any way. Gi) The Company did not have any long term contracts including derivative contracts for Which there were any material foreseeable losses, ‘There were no cases requiring transfer of amounts, 10 the Investor Education and Protection Fund by the Company For Atmakuri & Co., Chartered Accountants (FRN No, 0002688) Ifpasrimrazsie/ ‘AChandrasekhar Proprietor (M. No. 027172) Place: Hyderabad Date: 1“ September, 2016ANNEXURE - A TO THE INDEPENDENT AUDITOR'S REPORT OF EVEN DATE ON THE STANDALONE FINANCIAL STATEMENTS OF Elmot Direct Current Machines Private Limited Report on the Internal Financial Cantrols under Clause (1) of Sub-seetion 3 of Seetion 143 of the ‘Companies Act, 2013 (“the Act”) We have audited the internal financial controls over financial reporting of Elmot Dircet Current Machines Private Limited as of March 31, 2016 in conjunction with our audit of the standalone financial statements ‘of the Company for the year ended on that date. Managemeut’s Responsibility for Internal Financial Controls ‘The Company's management is responsible for establishing and maintaining internal financial controls based on the interna! control over financial reporting criteria established by the Company considering the ‘essential components of internal contro! stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India. These ities include the design, implementation and maintenance of adequate intemal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, ing adherence to company's policies, the safeguarding of its asscts, the prevention and detection of frauds and errors, he accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Companies Act, 2013, ‘The Company is a small Company with less complex operntions. The Company is characterized by fewer business lines, tess complex business process and financial reporting systems, more centralized accounting functions, fewer employees in the accounting function, limiting opportunities to segregate duties and leading the company 10 implement alternative controls to achieve its control objects, extensive nvolvement of senior ManagemenUpromoters in the day to day activities of the business, and fewer levels of management, each with wide span of control, use of relatively simple information system that make greater use of off-the-shelf packaged software, less formal documentation regarding operations of its control, and pervasive internal contro! deficiencies which are overcome by altemative controls exercised by the managemenUpromoters. Auditors’ Responsibility ‘Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting based on our audit, We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the “Guidance Note”) and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, 10 the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered Accountants of India. Those Slandards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects. Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting, included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and ‘evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material Iisstatement of the financial statements, whether due to fraud or error. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company's intemal financial controls system over financial reporting.‘Meaning of Internal Finanelal Controls Over Financial Reporting ‘A company's intemal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for extemal purposes in accordance with generally accepted accounting principles. A ‘company's internal financial control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with genernily accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorisations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, oF disposition of the company's assets that could have a material effect on the financial statements. Inherent Limitations of Internal Financial Controls over Financial Reporting, Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may detcriorate. Opinion In our opinion, the Company generally has, considering the characterization detailed above under *Management’s Responsibility for Internal Financial Controls’, in all material respects, an adequate intemal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at March 31, 2016, We have considered the material wweakness/es identified in determining the nature, timing, and extent of audit tests applied in our audit of the March 31, 2016 standalone financial statements of the Company, and the/hese material weakness/es does novdo not affeet our opinion on the standalone financial statements of the Company, For Atmakuri & Co. Chartered Accountants (Firm's Registration No.0002 ‘A Chandrasekhar (Proprietor) (Membership No, 027172) Place: Hyderabad Date: "Sept. 2016(Referred to in the first paragraph t ‘Report on Other Legal ancl Regulatory Requirements’) On the basis of checks as we considered appropriate and according to the information and explanations given to us during the course of our audit, we report that: 10) qi) Gili) iy) ” ) (vit) (viii) (ix) ®) (xi) {n respect of Fixed Assets: (a) The Company has maintained proper records showing full particulars. including Quantitative details and situation of fixed assets. (b) All the assets have been physically verified by the management during the year but there is a regular program of verification, which in our opinion is reasonable having regard to the size of the Company and the nature of its assets. No materinl discrepancies were noticed on such verification, (©) The Company does not own any immovable properties and neither are any reflected in the books of accounts. In respect of Inventories: (a) The Company has no inventories and no physical verification was therefore necessary. ‘The Company has not granted any toans, secured or unsecured to Companies firms LLPs, or other parties covered in the register to be maintained under Section 189 of the Companies Act, 2013. ‘The Company has not granted any loans or made any investments, or provided any guarantees or security to the parties covered under Section 185 and 186. Therefore, the provisions of Clause 3(iv) of the said Order are not applienblc to the Company. ‘The Company has not accepted any deposits from the public within the meaning of Sections 73, 74, 75 and 76 of the Act and the Rules framed there under to the extent notified. ‘The Central Government of India has not specified the maintenance of cost records under sub-section (1) of Section 148 of the Act for any of the products of the Company. In respect of Statutory dues: (@) ‘The Company has been generally regular in depositing with appropriate authorities undisputed statutory dues including Provident Fund, ESIC, Income Tax, VAT, Service Tax, Excise Duty, Customs Duty Cess and other material statutory dues with the appropriate authorities during the year, wherever applicable, to it. (b) According to the information ond explanations given to us and the records of the ‘Company examined by us, there are no dues of income-tax, sales-inx, service-tax, duty of customs, and duty of excise or value added tax which have not been deposited on account of any dispute. ‘As the Company does not have any loans or borrowings from any financial institution or bank ‘or Government, nor has it issued any debentures as at the balance sheet date the provisions of Clause 3(viii) of the Order are not applicable to the Company. ‘The Company has not raised any moneys by way of initial public offer, further public offer (including debt instruments) and term loans. Accordingly, the provisions of Clause 3(ix) of the Order are not applicable to the Company. During the course of our examination of the books and records of the Company, carried out in accordance with the generally accepted auditing practices in India, and according to the information and explanations given to us, we have neither come across any instance of material fraud by the Company or on the Company by its officers or employees, noticed or reported during the year, nor have we been informed of any such case by the Management. The provisions of Section 197 read with Schedule V to the Act are applicable only to public companies. Accordingly, the provisions of Clause 3(xi) of the Order are not applicable to the Company.(aii) As the Company is not » Nidhi Company and the Nidhi Rules, 2014 are not applicable to it, ions of Clause 3(xii) of the Order are not applicable 10 the Company. i ions wit in compliance with the provisions of Section 177 of the Act, The Company does not have any transactions with ies under the provisions of Seetion 188 of the Act. Accordingly, the provisions of the Order are not applicable to the Company. (xiv) The Company has not made any preferential allotment or private placement of shares or fully or panly convertible debentures during the year under review. Accordingly, the provisions of Clause 3(xiv) of the Order are not applicable to the Company. {¥) The Company has not entered into any non eash transactions with its directors or persons connected with him. Accordingly, the provisions of Clause 3(xv) of the Order are not applicable to the Company. (xvi) The Company is not required to be registered under Section 45-1A of the Reserve Bank of India Act, 1934, Accordingly, the provisions of Clause 3(xvi) of the Order are not applicable (iil) to the Company. For Atmakuri & Co. Chartered Accountants RN No, 0002685) Place: Hyderabad ‘74 Date: 1* September, 2016 4: verng nee, Proprietor Se Tee 27172)ELMOT DIRECT CURRENT MACHINES PRIVATE LIMITED Halaace Sheet as at 31st March, 2016 |OUITY AND Lesnuneies | Shemchobcrs Fends (2) Share Copal (0) Reaves and Supe Fiestas una (a) Loog-Term Borrowings {b) Other Long-Term Lisbilitics (©) Deferred Tax Liabilities (Net) 2) Cument Liabilities (@) Short-Term Rerrowings () Other Curent Liabilities (0) Trode Payable (@) Short-Term Provisions TOTAL, 1 ASSETS + Noo-Careat Amey (0) Feed Ame (0) Tagbie Amc @ tamphic Anes () Capel Wer Progen (Inge Ast cer Devore (8) Non Current lavewiments (€) Long-Term Loons and Advances 2 Cuneo Assets (0) Trade Receivables () Cash and Cash Eagurvadents (©) Shortaerm loans and advances (6) Oder curent amets Proprietor ‘Mo, 027172 Pisce: Hyderabed Dae .010972016 u R a “ 6 Asst Aut 31932016 31.03.2015 100000 00000 405128 40473 sons sans ° ° 228929 2928029 0 0 TaD ists ° ° 1189900 lu7ss0 20737 20737 0 2 T9737 Tass Tass zest 3503 3503 ° ° ° 0 ° ° 5000 3000 15256 15256, 728789. 270, 26102 26102 1198 98 4360701 ano! 52534 52434 Hs, Hs Hae EssELMOT DIRECT CURRENT MACHINES PRIVATE LIMITED Statement of Profit and Loss Account for the year ended 31.03.2016 Note No. Asat Asat 31.03.2016 31.03.2015 Income 1 Revenue from operations (gross) 0 0 Less: Excise duty 0 0 Revenue from operations (net) 0 0 2 Other Income 0 0 3 Total Revenue (142) 0 0 4 Expensee Cost of Materials Consumed 0 0 Employee Benefits Expense 0 0 ince Costs 0 0 Depreciation 8 0 o Other Expenses 15 23350 36918 Total Expenses 723350 36918 5 Profil(Loss) for the period (3-4) 23350 -36918 6 Earnings per equity share of face value of Rs. 100/- each (a) Basic and Diluted NA NA (b) Weighted average number of equity shares 1000 1000 Significant Accounting Policies a 16 Notes on Financial Statements For and on behalf of the Board Director A. Chandrasekhar’ . Proprietor MNo, 027172 Director “= Place : Hyderabad Date : 01/09/2016Elmot Direct Current Machines Private Limited ‘cash Flow Statement [Cath lows trom operating activities et profit before taxation and extrodinary iter lOperating profit before working capital changes ‘ncrease ln sundry debtors Decrease in inventories Decrease in other short term current assets [Cash lows from financing activities Proceeds from Issuance of share capital proceeds from long-term borrowings Repayment of long-term Uablities Increase in other long term assets ‘Asper ur report of even d Focand Tor Aumakiri & Co, Ara aunt Directs ‘A.Chandrschhar Proprietor Mio. 077172 Director Place : Hyderabad Date : 01/09/2016ELMOT DIRECT CURRENT MACIIINES PRIVATE LIMITED Notes for the year ended 31.03.2016 Asat 31.03.2016 31.03.2015 Note No-t, ‘Share Capital “Authorised & Subscribed Capital 2000 - Class “A” Equity Shares of RS. 10 each 20000 20000 $00 Class "B" Equity Shares of Rs. 100/- each 50000 50000 300 4¥% Non-Cumulative redeemable preference Shares of Rs.100!- each 30000 30000 Paid up capital 2000 - Class A’ Equity Shares of Rs. 10%- each 20000 20000 $00 - Class "B" Equity Shares of Rs. 100/- each 50000 50000 300- 4% Non-Cumulative redeemable preference Shares of Rs.100/- each 30000, 30000 Too000 100000 Asat31stMarch 2016 ___Asat 3lst March 2015 No.of shares Amount __No. of shares__Amount 2000 20000 2000 20000 (+) Shareholding details: Ms, Padmaja VL Nandula 100 1000 400 1000 spercent 5.00% 5.00% Krishna Medical & General Trust 200 2000 200 2000 -percent 10.00% 10.00% Krishna Educational & General Trust 200 2000 200 2000 percent 10.00% 10.00% Rashmi Medical & General Trust 200 2000 200 2000 percent 10.00% 10.00% Rashmi Educational & General Trust 200 2000 200 2000 “percent 10.00% 10.00% SAP V Ratnam 398 3980 3 3980 -peroent 19.90% 19.90% ‘Sei Vishal Krishnaraj Rao 702 7020 702 7020 percent 35.10% 35.10% Asat3istMarch 2016 ___Asat 3st March 2015 No.ofshares Amount No. of shares Amount * Equity Shs ony _——— (2) Reconciliation of the number of shares: 500 50000 500 30000 (b) Shareholding details: ‘Sri Vishal Krishnaraj Rao 300 30000 spercent 60.00% Sri PV Ratnam 160 16000 spercent 32.00%ELMOT DIRECT CURRENT MACHINES PRIVATE LIMITED. Notes for the year ended 31.03.2016 Asat Asmat 31.03.2016 31.03.2015 Asat3IsiMarch 2016 ___As at 31st March 2015 No. ofshares Amount No.ofshares Amount ‘ soable nrference Shares of OO (8) Reconciliation of the number of shares: 300 30000 300 30000, (b) Sharcholding details: ‘Sci PV Ratnam 300 30000 300 30000 percent 100.00% 10.00% otetin=2 Reserves and Surplus Investment Allowance Reserve (25658, (25658 ‘Surplus In statement of Profit aad Loss Balance at the beginning of the year 440820, ‘511609 Less : Amount to be Transferred to Reserves oO 33871 Add: Loss for the year 23350 36918 staccato hy eraser Note No= 3 Long-Term Borrowings ‘Unsecured Loans from Directors. 0 o ‘Unsecured Loans from Others. o 0 o a Other Long-Term Borrowings Dues to Directors 1309148 1309148 Dues to Related Parties. 1219781 1219781, 2528929 2528929 Note No=§ Short-Term Borrowlaes Unsecured Loans from Directors. 0 0 Unsecured Loans from Others. o o t . 137500 337500, ‘29572 248122 822828 822828 its9900 78480 te No=7 ‘Trade Payables ‘Sundry Creditors 207237207237ELMOT DIRECT CURRENT MACHINES PRIVATE LIMITED Notes for the year ended 31.03.2016 NoteNo-8 ined Assets Gross Block, Depreciation Assets ‘Asat | Additions/] Deletions/ | Asat | Prov.upto [Depreciation] Prov.upto | Asat ‘Asat 01/04/2015 | Adustment | Adustment [31/03/2016] 01/04/2015 | Adjustment} 31/03/2016 | 31/03/2016 | 31/03/2015, BLE ASSETS : Plant & Machinery 58007] 9] 0} 58007 $5107} 0} —_ssi07 2900} 2900 Tools & Equipments 3732] | o| = 5732] 5445] q 445] 287] 287 Dies and Patterns 60795 ) 0} 60795} 57755} 0} 57755] 3040) 3040) Fumiture & Fixtures 43549 Q o} 43549) 41372] of} = 41372| 271] 217] Cycle 439] Q | 459| 436] ol 436 23 23] Material Handling Equipment 1515] | o| 15:5} 1439] | 1439] 76| 76| [Total (A) | ‘of 170087] 161554] oO ___ 161554 8503 3503] INT, SI [Technical Knowhow fees Development Rights Otters [Total () | 0] | [Total (A+B) 170057| | | Previous Vear 370057] Q a [Capital Work-In- intangible Assets under DevelopmentELMOT DIRECT CURRENT MACIIINES PRIVATE LIMITED. Notes for the year ended 31.03.2016 Asat Asat 31.03.2016 31.03.2015 Note No-9 Non Current lavestment ‘Long term investment at cost(Non-trade-Unquoted) ‘500 Shares of Rs.10 cach of 5000 5000 Saraswathi Co-Op Bank Lid, fully paidup 3000 5000 Nate No- 10 Long-Term Loans and Advances ‘Security Deposits ‘Advances to others NoteNo- 1 ‘Trade Recelvables Debis outstanding for a period of more than six months - not recoverable 26102 26102, Debis outstanding for a period of less than six months o 0 26102 26102 Note No- 12 Caste aud Cash Equivalents, Cast: on hand 304 304 Bank Balance in Current accounts 304 394 1198, 1198, ‘Note No- 13, ‘Short-term loans and advances Balance with Government Authorities 16011 16011 Loans and Advances to Related Parties 4344690___ 4356590 saxon Note No= 14 Other current assets ‘Advances to Suppliers S434 52434 a S24 Note No- 15, ‘Audit Fee 11450 3618 Rates & Taxes 3900 19800 Professinal fee 8000 11500 23350 3618Note No.t6 ‘Statement on Significant Accounting Policies and Notes (o the Accounts A. SIGNIFICANT ACCOUNTING POLICIES 1. Basis of Accounts: The financial statements are drawn up on the basis of Historical Cost, ‘The Company follows Accrual busis of accounting for both as to income and expenditure ‘except those with insignificant uncertainties. ed Assets: Fixed Assets are stated at cost, which includes cost price, duties, levies, (preoperative expenditure capitalised) and any directly attributable cost of bringing the asset to its working conditions. 3, Depreciation: This is provided using the WDV Method at the rates prescribed under schedule I of the Companies Act, 2013. Lease hold improvements, if any, are depreciated over the lease term, Residual salvage value of 5% of the asset is retained for tacking in use asstes. 4. Investments are valued at Cost. B. NOTES TO THE ACCOUNTS 1. Commitments and Contingent Lit Ctaims against the Company not acknowledged as debts: NIL 2. Outstanding of Sundry Debtors, Creditors and dues to and from other parties nre subject to confirmation of balances, 3. Figures have been rounded off to the nearest rupee. 4. Schedules have been regrouped wherever necessary to reflec! the correct picture in the ‘accounts. 5. Additional information pursuant to paragraph 4C and 4D of Part It Schedule VI of the Companies Act, 1956 does not arise as the Company is not in operation, for ar behalf of the Board YH Director me tee As per our Repor of e For Atmakuri & Co. /Z ‘A. Chandrasekhar Proprietor Place: Hyderabad Date: 01/09/2016