FY'17

LA-GAJJAR MACHINERIS PRIVATE LIMITED
Standalone 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 Lakhs of INR
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Corporate identity number U17110GJ1981PTC004263
Permanent account number of entity AAACL3246N
NAGARWEL HANUMAN ROAD
ACIDWALA ESTATE
Address of registered office of company OPP.SUKHRAMPURA
AMRAIWADI AHMEDABAD
Gujarat INDIA 380026
Commercial and
Type of industry Industrial
Whether company is listed company No
Date of board meeting when final accounts were approved 29/07/2017
Period covered by financial statements 12 Months
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 Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Lakhs
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other
Yes
relevant books and papers in electronic form
NAGARWEL HANUMAN ROAD
Complete postal address of place of maintenance of computer ACIDWALA ESTATE
servers (storing accounting data) OPP.SUKHRAMPURA
AMRAIWADI
Name of city of place of maintenance of computer servers (storing
AHMEDABAD
accounting data)
Name of state/ union territory of place of maintenance of
Gujarat
computer servers (storing accounting data)
Pin code of place of maintenance of computer servers (storing
380026
accounting data)
Name of district of place of maintenance of computer servers
AHMEDABAD
(storing accounting data)
ISO country code of place of maintenance of computer servers
356
Name of country of place of maintenance of computer servers
INDIA
Phone (with STD/ ISD code) of place of maintenance of computer
0
servers (storing accounting data)
LA-GAJJAR MACHINERIS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017
Disclosure of principal product or services [Table] ..(1)

Types of principal product or services [Axis] 1
01/04/2016
to
31/03/2017
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 9988
Manufacturing of
Description of product or service category Pumps
Turnover of product or service category 39,284.63
Highest turnover contributing product or service (ITC 8 digit) code 99887630
Manufacturing of
Description of product or service Submersible Pumps
Turnover of highest contributing product or service 39,284.63
[400400] Disclosures - Directors report
Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Material contracts/arrangements/transactions at arm's length
1 2 3 4
basis [Axis]
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
La Gajjar Pumps Pvt Lakom Electricals Pvt.
Name of related party Ltd Ltd
Orion Appliances Kasova Ventures Pvt
Private company in Private company in Private company in Private company in
which a director or which a director or which a director or which a director or
Nature of related party relationship manager or his relative manager or his relative manager or his relative manager or his relative
is a member or director is a member or director is a member or director is a member or director
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions at arm's
length basis [LineItems]
La Gajjar Pumps Pvt Lakom Electricals Pvt.
Name of related party Ltd Ltd
Orion Appliances Kasova Ventures Pvt
Private company in Private company in Private company in Private company in
which a director or which a director or which a director or which a director or
Nature of related party relationship manager or his relative manager or his relative manager or his relative manager or his relative
is a member or director is a member or director is a member or director is a member or director
Description of nature of material
Purchse, Sale, Service Purchse, Sale,
contracts/arrangements/transactions with charges Expenses
Purchase of Assets Other Income
related party
Duration of material
contracts/arrangements/transactions with 01/04/2016-31/03/2017 01/04/2016-31/03/2017 01/04/2016-31/03/2017 01/04/2016-31/03/2017
related party
2
Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(2)

Material contracts/arrangements/transactions at arm's length basis [Axis] 5 6
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Transcore
Name of related party Technologies LLP
Mr. Varun U. Gajjar
Firm in which director,
Nature of related party relationship manager or his relative Director or his relative
is a partner
Details of material contracts/arrangements/transactions at arm's length basis [Abstract]
Details of material contracts/arrangements/transactions at arm's length basis
[LineItems]
Transcore
Name of related party Technologies LLP
Mr. Varun U. Gajjar
Firm in which director,
Nature of related party relationship manager or his relative Director or his relative
is a partner
Description of nature of material contracts/arrangements/transactions with Sale, Sale of Assets,
Salary paid
related party Service charges
Duration of material contracts/arrangements/transactions with related party 01/04/2016-31/03/2017 01/04/2016-31/03/2017
Details of indebtedness of company [Table] ..(1)

Secured loans excluding deposits
Indebtedness [Axis] Indebtedness [Member]
[Member]
01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
Details of indebtedness of company [Abstract]
Details of indebtedness of company [LineItems]
Changes in indebtedness [Abstract]
Addition in indebtedness 2,722.28 2.01
Total changes in indebtedness 2,722.28 2.01
Principal amount at end of financial year 7,163.12 4,440.84 4,206.71 4,204.7
Interest due but not paid at end of financial
0 0 0 0
year
Interest accrued but not due at end of
0 0 0 0
financial year
Total indebtedness at end of financial year 7,163.12 4,440.84 4,206.71 4,204.7
Details of indebtedness of company [Table] ..(2)

Indebtedness [Axis] Unsecured loans [Member]
01/04/2016
to 31/03/2016
31/03/2017
Details of indebtedness of company [Abstract]
Details of indebtedness of company [LineItems]
Changes in indebtedness [Abstract]
Addition in indebtedness 2,720.27
Total changes in indebtedness 2,720.27
Principal amount at end of financial year 2,956.41 236.14
Interest due but not paid at end of financial year 0 0
Interest accrued but not due at end of financial year 0 0
Total indebtedness at end of financial year 2,956.41 236.14
3
Details of shareholding of promoters [Table] ..(1)

Promoters [Axis] 1 2
01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
[shares]
Total number of shares held at end of period [shares] 7,85,000 [shares] 7,85,000 [shares] 2,91,000
2,91,000
Percentage of total shares held at end of period 72.96% 72.96% 27.04% 27.04%
Details of shareholding of promoters [Abstract]
Details of shareholding of promoters [LineItems]
DERWENT CRYSTAL
Shareholder’s name UDAYAN GAJJAR
INDIA PVT LTD
[shares]
2,91,000
[shares]
2,91,000
Percentage of total shares held at end of
72.96% 72.96% 27.04% 27.04%
period
[shares]
2,91,000
[shares]
2,91,000
Percentage of total shares held at end of
72.96% 72.96% 27.04% 27.04%
period
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] 1 2
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director UDAYANBHAI DILIPKUMAR
Middle name of director LALJIBHAI VIJAYKUMAR
Last name of director GAJJAR THAKKAR
Designation of director Managing Director Director
Director identification number of director 00464019 01479315
Date of signing board report 29/07/2017 29/07/2017
Details of shareholding pattern of directors and key managerial personnel [Table] ..(1)
Directors and key managerial personnel [Axis] 1
Shareholding at beginning of year
Change in shareholding [Axis]
[Member]
01/04/2016
to 31/03/2016
31/03/2017
Total number of shares held at end of period [shares] 7,85,000 [shares] 7,85,000
Percentage of total shares held at end of period 72.96% 72.96%
Details of shareholding pattern of directors and key managerial personnel [Abstract]
Details of shareholding pattern of directors and key managerial personnel
[LineItems]
Name of directors and key managerial personnel UDAYAN GAJJAR
4

01/04/2016
to
31/03/2017
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair [See below]
The Company does not
Disclosure relating to amounts if any which is proposed to carry to any propose to transfer any
reserves amount to reserves for the
year under review.
Disclosures relating to amount recommended to be paid as dividend [See below]
Details regarding energy conservation As per Director Report
Details regarding technology absorption As per Director Report
Details regarding foreign exchange earnings and outgo As per Director Report
Disclosures in director’s responsibility statement As per Director Report
Details of material changes and commitment occurred during period
As per Director Report
affecting financial position of company
Particulars of loans guarantee investment under section 186 [TextBlock] [See below]
Particulars of contracts/arrangements with related parties under section Textual information (5)
188(1) [TextBlock] [See below]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Whether there are material contracts/arrangements/transactions at
Yes
arm's length basis
Date of board of directors' meeting in which board's report referred
29/07/2017
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3) Textual information (6)
[TextBlock] [See below]
Details of change in promoters shareholding [TextBlock]
Details of shareholding pattern of directors and key managerial
personnel [TextBlock]
Disclosure of statement on declaration given by independent directors
under section 149(6) [TextBlock] N.A.
Disclosure for companies covered under section 178(1) on
directors appointment and remuneration including other matters N.A.
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk Textual information (7)
management policy [TextBlock] [See below]
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year [See below]
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Disclosure of financial summary or highlights [TextBlock] [See below]
Disclosure of change in nature of business [TextBlock] [See below]
Details of directors or key managerial personnels who were Textual information (11)
appointed or have resigned during year [TextBlock] [See below]
Disclosure of companies which have become or ceased to be its
subsidiaries, joint ventures or associate companies during [See below]
year [TextBlock]
Details relating to deposits covered under chapter v of companies act Textual information (13)
Details of deposits which are not in compliance with requirements
of chapter v of act [TextBlock] N.A.
Details of significant and material orders passed by
regulators or courts or tribunals impacting going concern [See below]
status and company’s operations in future [TextBlock]
Details regarding adequacy of internal financial controls with Textual information (15)
reference to financial statements [TextBlock] [See below]
Disclosure of reasons if company fails to spend prescribed amount on CSR Others
Management are in process
to use entire CSR amount
Disclosure of other reasons if company fails to spend prescribed amount as calculated as per
on CSR section 198 of the
Companies Act in the next
financial year.
5
Disclosure of appointment and remuneration of managerial personnels Textual information (16)

Number of meetings of board 16
6
Disclosure in board of directors report explanatory [Text Block]

DIRECTORS REPORT
Dear Shareholders
The Directors of your Company are pleased to present their 36th Annual Report on Business Operations of the Company along with the Audited
Financial Statements for the financial year ended on March 31, 2017.
FINANCIAL SUMMARY / HIGHLIGHT:
The Companys financial performances for the year under review along with previous years figures are given hereunder as required to be disclosed
in the report pursuant to Rule 8(5) (i) of the Companies (Accounts) Rules, 2014
(Amount in lakh)
PARTICULARS 2016-2017 2015-2016
Net Revenue From Operation 39,284.63 31,429.80
Other Income 510.35 298.52
Total Revenue 39,794.98 31,728.32
Operating & Other Expenses 37,775.31 29,889.88
Profit Before Depreciation, Interest and Tax 2,019.67 1,838.44
Finance Cost 654.35 517.58
Depreciation and Amortization Expenses 550.77 499.52
Profit Before Tax 814.55 821.34
Tax Expenses 305.00 305.00
Profit After Tax 509.55 516.35
Prior Year Adjustments (173.42) (17.92)
Balance Brought Forward 00 00
Profit Available for Appropriation 682.97 534.26
APPROPRIATIONS:
7
Adjustment of Depreciation 00 00
Amount Transferred to General Reserves 00 50.00
Proposed Dividend on preference shares 00 00
Provision for Tax on Dividend 00 00
Balance Carried to P&L A/c. in Balance Sheet 4,373.57 3,690.60
REVIEW OF OPREATIONS AND FUTURE PROSPECTS:
During the year under review, company has achieved its milestone turnover ever in the history of the company. The entire year of the company
was very positive in the nature of Turnover, Net profit and overall growth of the Company. During the financial year under report:-
Company has achieved historical turnover of Rs. 39,284.63 lakh (Gross) against the turnover of Rs. 31,441.18 lakh (Gross) of the previous year.
Net Profit after Depreciation and Tax stood at Rs. 682.97 lakh against last year profit of Rs. 534.26 lakh.
Increase in Turnover by 24.95%
Increase in Profit by 1.28 times.
This improved performance is a result of strategic planning by management of the company in the area of sales (Domestic and Overseas), cost
management and overall management and control of the company.
Your directors are very aggressive and taking direct interest in day to day business activities of the Company. Your directors have already made
suitable business strategies for domestic as well as Export Sales, systematic information system to reduce the expenses, to provide prompt
services, Inter-department communication system etc. by which Company can take maximum benefits from its capital investment by minimizing
all kinds of expenses.
Your directors take this opportunity to assure that all efforts shall continue to be made to sustain sales growth and margin while consolidating
retained earnings. Your Company took a number of measures notably in the area of improving quality of production, increasing in production
capacity, engagement of proper and quality managerial level staff, direct control of management and utilization of installed capacity of
machineries, focus on export sales etc. These measures, however, resulted in improvement of the profitability of your Company.
Company has focused on quality standards which accredited production facility and its services. Companys Star rated pumps are approved by the
Bureau of Energy Efficiency (BEE) and also have CE and ISI certification.
Today, Varuna Pumps is creating new benchmarks with an annual production capacity of half million pumps, a pan-India presence with 17
branches and over 20 distributors, an export network spread across 50 countries and an unmatched experience of eight decades. And as always,
we will continue to spread peace of mind, prosperity and water across the world.
Setting benchmarks
Over 8 decades of engineering expertise

Leader in agriculture pump sets (150-440 volts)
Leader in domestic pump sets (120-240 volts)
500 models of submersible pumps and motors from 3 10
Maximum star rated pump sets approved by the Bureau of Energy Efficiency (BEE), Government of India
Energy efficient pumps that consume less power, save electricity and give higher returns on initial investment
Efficient pumps that work even at 1000 + ft. depth
1,00,000 sqm infrastructure with state-of-the-art machineries
Exports to more than 50 countries
Government recognized registered Star rated Export House
Product certified by ISO 9001, IS: 8034, IS: 9283, IS: 14220 & CE
Overall market of submersible pumps business is on fast track and considering the same, your company has implemented very strong marketing
strategy, credit policy, dealers appointments, opening of branches across the country/out side country, participation in exhibitions etc. which will
lead Company to achieve its goals. In order to increase your Company sales and capture the market further, as a part of continuous R&D & to be
in line with market needs, VARUNA being a global player, have been constantly increasing product range. As the current market is having a good
demand for encapsulated motors in 4 & 6 in both Domestic and Export sector as well as Stainless Steel fabricated sheet metal semiaxial pumps in
export sector.
Company is now focusing on Export market in the countries like Europe, America, Africa, Canada and Russia etc., where Africa is a hub for our
kind of products.
As a step forward, we have also started focusing on Trading of Mini Monoblock Pump Sets such as shallow well jet pumps, Self Priming Pumps
and Cables, Pipes which too holds a very good market share.
8
Further, company will grow with high support and rich experiences, futuristic view and wide knowledge of the business activities and marketing.
Company has planned business strategy very effectively for the next financial year.
DIVIDEND & RESERVES:
To strengthen the companys long-term resources and working capital requirement and also to reduce the burden of external borrowings, your
Directors wants to plough back the funds of the Company into the business and prefer not to recommend any dividend on equity shares of the
Company for the financial year ended on March 31, 2017.
The Company does not propose to transfer any amount to reserves for the year under review.
TRANSFER OF UNPAID / UNCLAIMED DIVIDEND:
The Company does not have any amount of Unpaid / Unclaimed Dividend as mentioned under section 124 of the Companies Act, 2013 which is
required to be transferred as per the Section 125 of the Companies Act, 2013 to the Investors Education & Protection fund and as required under
provisions of the applicable laws.
SHARE CAPITAL:
Companys authorized and paid up share capital comprised in Equity shares and Preference shares. During the year under review, no capital clause
relating to increasing of Authorized Share Capital has been changed by the company.
Further during the year:-
A) Issue of equity shares with differential rights.

The company has not issued any equity shares with differential rights during the year under review.
B) Issue of sweat equity shares

The Company has not issued any Sweat Equity Shares during the year under review.
C) Issue of employee stock options

The Company has not provided any Stock Option Scheme to the employees.
D) Provision of money by Company for purchase of its own shares by employees or by trustees for the benefit of employees
The Company has not bought back or provided for buyback of any of its securities during the year under review.
E) Issue of Bonus Shares

No Bonus Shares were issued during the year under review.
F) Issue of Preference Shares-

The company has not issued any preference shares during the year under review.
The Paid-Up Equity Share Capital as at March 31, 2017 stands at Rs.1,07,60,000/- divided into 107600 equity shares of Rs. 10/- each and
Paid-Up Preference Share Capital as at March 31, 2017 stands at Rs. 14,00,000/- divided in to 140000 preference shares of Rs. 10/- each.
Further, the Company didnt make any provision of money for purchase of its own Shares by employees or by trustees for the benefit of employee.
PUBLIC DEPOSITS:
The company has not accepted any deposits during the year and there are no outstanding deposits within the meaning of provisions of section 73
to 76 of the Companies Act, 2013 and Companies (Acceptance of Deposits) Rules, 2014 which is required to be disclosed in this report pursuant
to Section 134 (3)(q) of Companies Act,2013.
CHANGES IN DIRECTORS AND KEY MANAGERIAL PERSONNEL:

The Company Board comprises of the following Directors as on 31.03.2017:
UDAYAN L. GAJJAR CHAIRMAN & MANAGING DIRECTOR

BANSIBHAI P. GAJJAR EXECUTIVE DIRECTOR
DILIPKUMAR V THAKKAR DIRECTOR
Except this, there were no changes held in director and key managerial personnel which required to be disclosed in this report pursuant to Rule
(8)(5)(iii) of Companies (Accounts) Rules, 2014.
Further, all the directors of the Company have confirmed that they are not disqualified from being appointed as directors in terms of Section 164
of the Companies Act, 2013.
NUMBER OF METINGS OF THE BOARD OF DIRECTORS:
In keeping with provisions of section 173 of the Companies Act, 2013, the Board meets at a regular interval to discuss and decide on business
strategies / policies and to review the financial as well as operational performance of the Company. In the financial year under report, the Board
met 16 times with due compliances of Secretarial Standard 1 & 2 (SS-1 and SS-2) as notified under the Act.
9
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS BY COMPANY:
Pursuant to section 186 of the Companies Act, 2013, the company has not made/given any guarantee or provide any security during the year
under review. Further, company has duly complied with the provisions of section 186 with regards to the investment made by the company during
the year under review.
Further, during the year Company has taken unsecured loan of Rs. 1,000.25 Lacs from Bank, Rs. 1,867.15 Lacs from NBFC Company and Rs.
89.00 Lacs as inter-corporate loan.
RELATED PARTY TRANSACTIONS:
All contracts / arrangements / transactions entered by the Company during the financial year with Related Parties are in ordinary course of
business and on arms length price basis. During the financial year under report, there were no materially significant related party transactions
made by the Company with Promoters or Directors which may have potential conflict with the interest of the Company at large.
Your Directors draw attention of the members to Annexure 1 to the Directors Report which sets out Related Party Disclosures as required to be
disclosed in this report pursuant to Section 134(3) (h) of Companies Act, 2013 & Rule 8(2) of Companies (Accounts) Rules, 2014.
PARTICULARS OF EMPLOYEES / DIRECTORS:
Mr. Udayan Gajjar, Managing Director who is holding position as a Managing Director of the Company throughout the year, and received
remuneration of Rs. 520 Lakh per annum which exceeds the limits mentioned under Rule 5(2) of the Companies (Appointment & Remuneration
of Managerial Personnel) Rules, 2014 (Rs. 1,02,00,000/- per annum or Rs. 8,50,000/- per month) . Details as per the provisions of Section 134 of
the Companies Act, 2013 & Rule 5(2) of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014 is given
hereunder:-
designation of the employee- Managing Director

(ii) Remuneration received- Rs. 520 lacs
(iii) Nature of employment, whether contractual or otherwise- Managing Director of the Co.
(iv) Qualifications and experience of the employee- Graduate and has experience of 26 years in the industry
(v) Date of commencement of employment- last 26 years
(vi) The age of such employee- 56 years
(vii) The last employment held by such employee before joining the company-NA
(viii) The percentage of equity shares held by the employee in the company within the meaning of clause (iii) of sub-rule (2) above- NA
(ix) Whether any such employee is a relative of any director or manager of the company and if so, name of such director or manager- NA
DISCLOSURE UNDER SEXUAL HARESSMENT OF WOMAN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL)
ACT, 2013:
The company has in place a policy for prevention of sexual harassment in accordance with the requirements of the Sexual Harassment of Woman
at Workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal Complaints Committee has been set up to redress complaints received
regarding sexual harassment. All employees (permanent, contractual, temporary and trainees) are covered under this policy. The same has been
developed and by your company and is also subject to review from time to time by board. The company did not receive any complain during the
financial year 2016-2017.
STATUTORY AUDITORS:
MANUBHAI & SHAH LLP, (FRN: W100136) (earlier Known as M/s. MANUBHAI & SHAH, (FRN: 106041W) Chartered Accountants,
Ahmedabad were appointed as Statutory Auditors of the Company at the 33rd Annual General Meeting for the term of five year (2014-2015 to
2018-2019) by the Members of the Company. However, MANUBHAI & SHAH LLP shown their unwillingness to be continues as statutory
auditor of the Company for the next financial year.
M/s. P. G. Bhagwat, Chartered Accountants, Pune, (Firm Registration Number 101118W), being eligible; offer themselves for appointment as
Statutory Auditors of the Company for the first term of 5 Years from the conclusion of this Annual General Meeting till the conclusion of the
Annual General Meeting to be held in the year. Further, they have issued a certificate stating that their appointment, if made, would be within the
prescribed limits under Section 141 of the Companies Act, 2013. Members are requested to appoint the said auditor firm.
CLARIFICATION BY DIRECTOR ON RESERVATION, QUALIFICATION, EXPLANATION, COMMENTS, ADVERSE REMARKS OR

DISCLAIMERS MADE BY THE AUDITORS AND THE PRACTICING COMPANY SECRETARY IN THEIR REPORTS:
As there is no reservation or qualification given by auditor in the auditors report and by company secretary in their report in MGT-8 and hence,
directors of the company do not require to give comments or any clarifications on the same pursuant to section 134 (3) (f) of the Companies Act,
2013.
INTERNAL AUDITOR:
M/s Jain Kedia and Sharma, Chartered Accountants, Ahmedabad were appointed as Internal Auditors of the Company. The Internal Auditors
independently evaluate the adequacy of internal controls and review major transactions.
10
CHANGE IN THE NATURE OF BUSINESS, IF ANY:
No changes were found in the nature of business of the company during the year under review and company is doing its business as per object
clause of the company.
DETAILS IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROL WITH REFERENCE TO THE FINANCIAL
STATEMENTS:
The Company has adequate internal Control System, commensurate with the size, scale and complexity of its operations. The scope and authority
of the internal audit function is well defined within the organization in compliance with the applicable provisions of the Act.
SUBSIDIARIES / JOINT VENTURES / ASSOCIATE COMPANIES:
The company does not have any subsidiary, associate or joint venture company so, the provisions of Section 134 (3)(q) of Companies Act, 2013
& Rule (8) (5)(iv) Of Companies (Accounts) Rules, 2014relating to their providing details regarding name of the companies which have
become/ceased to be Subsidiaries, JVS or Associate Companies during the year are not applicable to it.
CORPORATE SOCIAL RESPONSIBILITY:
Your Company has taken remarkable initiatives in the field of CSR activities, during the year under review. A brief outline of the Companys CSR
policy, including overview of projects or programs is furnished in Annexure 2 to the Directors Reportand attached to this report.
STATUTORY COMPLIANCES:
All Statutory Compliances prescribed under the Companies Act, 2013 have been complied with by the Company during the year under report.
INSURANCE AND PROTECTION OF ASSETS:
The Company's all fixed assets and tangible movable assets are properly insured against all available commercial risks like fire, flood,
earthquake and other extraneous perils from the approved insurance companies.
ENVIRONMENT PROTECTION:
The Company is engaged in the manufacturing of submersible pumps which do not fall under requirement of license with legal authorities hence
Company is not required to comply with any of the provisions of the Pollution Control Measures. However, Company has taken all precautions to
control pollution and clean environment of the country.
HUMAN RESOURCE DEVELOPMENT:
Your Company takes great pride in the commitment, competence and vigour shown by its workforce in all realms of business. The company
continues to take new initiatives to further align its HR policies to meet the growing needs of its business. The company organises regular
management programs in the form of workshops and training sessions for both the senior and junior management.
INDUSTRIAL RELATION:
During the year under report, harmonious relations were maintained with Clients, Government Department and Banks etc. by your Company.
DIRECTORS RESPONSIBILITY STATEMENT:
Pursuant to the provisions of section 134(5) of the Companies Act, 2013, the Directors of your Company confirm the following which are
required to be disclosed in this report pursuant to section 134(3) (c) of the Companies Act, 2013:
1. in the preparation of the annual accounts for the financial year ended March 31, 2017, the applicable Accounting Standards had been followed
along with proper explanation relating to material departures, if any;
2. the Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the Company for the financial year ending on March 31, 2017 and of the profit
and loss of the Company for that period;
3. the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this
Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;
4. the Directors had prepared the annual accounts on a going concern basis;
5. Not applicable to the company
6. 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.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:
The particulars as to Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo required to be disclosed in
terms of Section 134 of the Companies Act, 2013 & Rule 8 of the Companies (Accounts) Rules, 2014 are given separately as Annexure 3 to the
Directors Report.
EXTRACT OF ANNUAL RETURN:
11
The extract of the annual return in Form No. MGT 9 as per Section 92(3) Of Companies Act, 2013 and Rule 12(1) Of Companies (Management
& Administration)Rules, 2014 as required to be disclosed in this report pursuant to Section 134(3) (a) of Companies Act, 2013 is attached as
Annexure 4 to the Directors Report.
VIGIL MECHANISM:
The company has adopted Whistle Blower Policy establishing vigil mechanism, to provide a formal mechanism to the Directors and employees to
protect their rights at HR level of the company. It is provide a formal mechanism to the Directors and employees to report their concerns about
unethical behavior, actual or suspected fraud or violation of the Companys Code of Conductor Ethics Policy. The Policy provides for adequate
safeguards against victimization of employees who avail of the mechanism and also provides for direct access to the Chairman of the company.
As a part of the best practice and transparency, Board has taken all precaution to protect the rights of employee and create fair and transparent
atmosphere.
STATEMENT INDICATING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY:
The Board of Directors has developed and implemented a Risk Management Policy and system for the Company. It has identified and assessed
internal and external risks, with potential impact and likelihood that may impact the Company in achieving its strategic objectives or may threaten
its existence. The Policy lays down the procedures for risk identification, description, evaluation, estimation, reporting and development of action
plan. The policy includes identification of elements of risks which mainly covers Strategic Risk, Operational Risk, Financial Risk and Hazardous
Risks and is hereby disclosed in the report as per provisions of Section 134(3)(n) of the Companies Act, 2013.
MATERIAL CHANGES AND COMMITMENT, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY:
Following material changes has been occurred after the closing of this financial year up to the date of signing of this director report.
1. Company has redeemed 14000 0.5% Cumulative Redeemable Preference Shares of Rs. 10/- each at par on dated 13.06.2017 out of the profits
that were transferred to Capital Redemption Reserve for the purpose of redemption of said shares.
2. Company has taken approval from shareholders to transfer/sale its immovable properties (whole or substantially the whole of the undertaking)
under section 180(1)(a) of the companies Act, 2013 to transfer companies various immovable properties to Truangle Technologies LLP.
Except above, no material changes and commitments affecting the financial position of the Company occurred between the end of the financial
year to which these Financial Statements relate and on the date of this report. Further, during the financial year under report, no significant or
material orders have been passed by any of the regulators or courts or tribunals impacting the going concern status and operations of the Company
in future.
DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SECTION 143(12) OTHER THAN THOSE WHICH ARE
REPORTABLE TO THE CENTRAL GOVERNMENT:
There are no such frauds reported by the Auditors of the company in their report as required to be disclosed in this report pursuant to section
134(3)(ca) of the Companies Act, 2013.
CAUTIONARY STATEMENT:
Few statements in this Directors Report and in entire Annual Report describing the Companys objectives, projections, estimates, expectations or
predication may be Forward-Looking Statements within the meaning of applicable Laws and Regulations. Actual results could differ materially
from those expressed or implied. Important factors that could make difference to the Companys operations include raw material availability and
its prices, cyclical demand and pricing in the Companys Principal Markets, changes in Government regulations, Tax Regimes, Economics
Developments within & outside India and other ancillary factors. The Company does not undertake to update these statements.
ACKNOWLEDGEMENTS:
The Board wishes to place on record its gratitude for the co-operation & assistance extended by customers, vendors, investors, bankers, all level
government department and professional for their continued support during the year. Board further places on record their appreciation of the
contribution made by our employees at all levels.
FOR AND ONBEHALF OF BOARD OF DIRECTORS OF
__________________ _______________
UDAYANBHAI GAJJAR DILIP V. THAKKAR
MANAGING DIRECTOR DIRECTOR
DIN: 00464019 DIN: 01479315
DATE : 29.07.2017
PLACE: AHMEDABAD
Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo
[Pursuant to the Provisions of Section 134 of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014]
12
(A) Conservation of Energy:-
1. Power Consumption :- Rs. 177.74 Lacs
13
2. Fuel Consumption :- N.A.

3. GAS consumption :- N.A.
(i) Steps taken or impact on Company is giving high priority to energy conservation and has continued with its policy
conservation of energy of energy analysis and periodic overhauling of the plant and machinery.
(ii) Steps taken by the Company for

No.
utilizing alternate sources of energy
(iii) Capital investment on energy

No
conservation equipments
(B) Technology Absorption
All the successful research for quality control, quality improvement and cost
(i) Efforts made towards technology
control measures are immediately implemented within the units of the Company.
absorption
All required steps have been taken for technology Absorption.
(ii) Benefits derived like product

improvement, cost reduction, product Not Applicable
development or import substitution
(iii) In case of imported technology (imported

during the last three years reckoned from the Not Applicable
beginning of the financial year)
Company import technology from two vendor 1) Ningbo Zhentu

(a) Details of technology imported
Technology Co. Ltd. 2) Success Crown Industrial Limited
(b) Year of import 2016-17
(c) Whether the technology been fully absorbed Yes
If not fully absorbed, areas where absorption has not

(d) -
taken place, and the reasons thereof
(iv) Expenditure incurred on Research and Development Rs. 15,74,000/-
(C) Foreign Exchange Earnings and Outgo (Amount in lakh)
Description Amount in Rs.
Foreign Exchange Earned (Actual Inflow)
14
Sale of Finished Goods 4,646.76
Others 69.49
Total 4,716.25
Foreign Exchange Used (Actual Outflow)
Import of Raw Material 214.15
Capital Goods 116.75
Others 94.31
Total 425.21
FOR LA-GAJJAR MACHINERIS PRIVATE LIMITED
__________________ _______________
UDAYANBHAI GAJJAR DILIP V. THAKKAR
MANAGING DIRECTOR DIRECTOR
DIN: 00464019 DIN: 01479315
DATE : 29.07.2017
PLACE: AHMEDABAD
Description of state of companies affair

Company has achieved historical turnover of Rs. 39,284.63 lakh (Gross) against the turnover of Rs. 31,441.18 lakh (Gross) of the previous year.
Net Profit after Depreciation and Tax stood at Rs. 682.97 lakh against last year profit of Rs. 534.26 lakh
Disclosures relating to amount recommended to be paid as dividend

To strengthen the companys long-term resources and working capital requirement and also to reduce the burden of external borrowings, your
Directors wants to plough back the funds of the Company into the business and prefer not to recommend any dividend on equity shares of the
Company for the financial year ended on March 31, 2017.
15
Particulars of loans guarantee investment under section 186 [Text Block]

Pursuant to section 186 of the Companies Act, 2013, the company has not made/given any guarantee or provide any security during the year
under review. Further, company has duly complied with the provisions of section 186 with regards to the investment made by the company during
the year under review.
Further, during the year Company has taken unsecured loan of Rs. 1,000.25 Lacs from Bank, Rs. 1,867.15 Lacs from NBFC Company and Rs.
89.00 Lacs as inter-corporate loan.
16
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
Form No. AOC-2
(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014)
Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of
section 188 of the Companies Act, 2013 including certain arms length transactions under third proviso thereto.
Details of contracts or arrangements or transactions not at arms length basis :- N.A.
Details of material contracts or arrangement or transactions at arms length basis:
Duration of the Salient terms of the Date(s) of Amount

Name of the Nature of contracts/
contracts / contracts/arrangements /transactions approval by paid as
related arrangements/
arrangements / including the value, if any and the Board, if advances, if
parties transactions
transactions Amount. * any any
La Gajjar Purchase of various

01/04/2016-31/03/2017
Pumps Pvt pumps, motors, set etc. Rs. 18,83,26,000/- 25.04.2016 N.A.
Ltd during the year
Sales of various
pumps, motors, set etc. Rs. 7,000/-
during the year
Service Charges
Rs. 16,87,000/-
during the year
Lakom Sales of various

01/04/2016-31/03/2017
Electricals pumps, motors, set etc. Rs. 25,55,57,000/- 25.04.2016 N.A.
Pvt. Ltd during the year
Purchase of Import
Rs. 33,00,000/-
License during the year
Sharing of Expense
Rs. 67,35,000/-
during the year
Orion
01/04/2016-31/03/2017
Appliances Purchase of Assets Rs. 65,000/- 25.04.2016 N.A.
Pvt. Ltd.
Transcore Sales of various

01/04/2016-31/03/2017
Technologies pumps, motors, set etc. Rs. 12,000/- 25.04.2016 N.A.
LLP during the year
Sales of Assets Rs. 24,000/-
Service Charges
Rs. 1,21,000/-
during the year
17
Kasova
Ventures Pvt 01/04/2016-31/03/2017
Other Income Rs. 12,000/- 25.04.2016 N.A.
Ltd
Mr. Varun U. Salary paid during the

01/04/2016-31/03/2017 Rs. 1,00,000/- 25.04.2016 N.A.
Gajjar year
* Silent Terms and conditions as per sale/purchase agreement or mutual under staring.
18
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
Form No. MGT-9
Extract of Annual Return as on the financial year ended on March 31, 2017
[Pursuant to Section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014]
I. Registration & Other Details
1. CIN U17110GJ1981PTC004263
2. Registration Date 10/04/1981
3. Name of the Company LA-GAJJAR MACHINERIES PRIVATE LIMITED
4. Category/Sub-Category of the Company Private company Limited by Shares
NAME AND REGISTERED OFFICE ADDRESS OF COMPANY AND CONTACT DETAILS:
NAGARWEL HANUMAN ROAD ACIDWALA

5. Address ESTATE
OPP.SUKHRAMPURA, AMRAIWADI
Town / City AHMEDABAD
STATE GUJARAT
PIN Code 380026
Country Name : INDIA
Country Code +91
Telephone (With STD Area Code no) 079-22744268, 22777487
Fax Number : 079 22730872
Email Address accounts@lgmindia.com
Website www.lgmindia.com
Address for correspondence, if different from address of registered office: NO
19
6. Whether listed Company (Yes/No) No
Name of the Police Station having jurisdiction where the registered office is
7. Not Appointed
situated
II. Principal Business Activities of the Company

All the business activities contributing 10 % or more of the total turnover of the Company shall be stated:-
Sr. No. Name and Description of Main Product / Services NIC Code of the Product % to Total Turnover of the Company
1. Manufacturing of Submersible Pumps 2813 98.72%
(NIC Codes - 2008)
III. Particulars of Holding, Subsidiary and Associate Companies: NA
IV. Share Holding Pattern as on March 31, 2017

Category Wise Share Holding (Equity Share Capital Breakup as Percentage of Total Equity)
No. of Shares %
No. of Shares held
held at the end Change
at the beginning of
Category of Share Holders of the year during
the year April 1,
March 31, the
2016
2017 year
% of % of
Demat Physical Total Total Demat Physical Total Total
Shares Shares
A. Promoters
1. Indian
a. Individual / HUF - 785000 785000 72.96% - 785000 785000 72.96% -
b. Central Govt. - - - - - - - - -
c. State Govt. - - - - - - - - -
d. Bodies Corporate - 291000 291000 27.04% - 291000 291000 27.04% -
e. Bank / FI - - - - - - - - -
f. Any Other - - - - - - - - -
Sub-Total-A-(1) - 1076000 1,076,000 100% - 1076000 1,076,000 100% -
20
2. Foreign
a. NRI-Individuals - - - - - - - - -
b. Other Individuals - - - - - - - - -
c. Body Corporate - - - - - - - - -
d. Bank / FI - - - - - - - - -
e. Any Other - - - - - - - - -
Sub-Total-A-(2) - - - - - - - - -
Total Share Holder of

- - - - - - - - -
Promoters (1+2)
B. Public Shareholding
1. Institution
a. Mutual Funds - - - - - - - - -
b. Bank / FI - - - - - - - - -
c. Cent. Govt. - - - - - - - - -
d. State Govt. - - - - - - - - -
e. Venture Capital - - - - - - - - -
f. Insurance Co. - - - - - - - - -
g. FIIs - - - - - - - - -
h. Foreign Portfolio
- - - - - - - - -
Corporate
i. Foreign Venture Capital

- - - - - - - - -
Fund
j. Others - - - - - - - - -
21
Sub-Total-B-(1) - - - - - - - - -
2. Non-Institution
a. Body Corporate - - - - - - - - -
b. Individual - - - - - - - - -
i. Individual shareholders
holding nominal share - - - - - - - - -
capital upto Rs. 1 Lac
ii. Individual shareholders

holding nominal share
- - -
capital in excess of Rs. 1
Lac
c. Others - - - - - - - - -
i. NRI (Rep) - - - - - - - - -
ii. NRI (Non-Rep) - - - - - - - - -
iii. Foreign National - - - - - - - - -
iv. OCB - - - - - - - - -
v. Trust - - - - - - - - -
vi. In Transit - - - - - - - - -
Sub-Total-B-(2) - - - - - - - - -
Net Total (1+2) - - - - - - - - -
C. Shares held by Custodian

for GDRs & ADRs
Promoter and Promoter

- - - - - - - - -
Group
Public - - - - - - - - -
Total (C) - - - - - - - - -
22
Grand Total (A+B+C) - 1076000 1,076,000 100% - 1076000 1,076,000 100% -
Category Wise Share Holding (Preference Share Capital Breakup)
%
No. of Shares
No. of Shares held at Change
held at the end
Category of Share Holders the beginning of the during
of the year
year April 1, 2016 the
March 31, 2017
year
% of % of
Demat Physical Total Total Demat Physical Total Total
Shares Shares
A. Promoters
1. Indian
a. Individual / HUF - - - - - - - - -
b. Central Govt. - - - - - - - - -
c. State Govt. - - - - - - - - -
d. Bodies Corporate - - - - - - - - -
e. Bank / FI - - - - - - - - -
f. Any Other - - - - - - - - -
Sub-Total-A-(1) - - - - - - - - -
2. Foreign
a. NRI-Individuals - - - - - - - - -
b. Other Individuals - - - - - - - - -
c. Body Corporate - - - - - - - - -
d. Bank / FI - - - - - - - - -
e. Any Other - - - - - - - - -
23
Sub-Total-A-(2) - - - - - - - - -
Total Share Holder of

- - - - - - - - -
Promoters (1+2)
B. Public Shareholding
1. Institution
a. Mutual Funds - - - - - - - - -
b. Bank / FI - - - - - - - - -
c. Cent. Govt. - - - - - - - - -
d. State Govt. - - - - - - - - -
e. Venture Capital - - - - - - - - -
f. Insurance Co. - - - - - - - - -
g. FIIs - - - - - - - - -
h. Foreign Portfolio Corporate - - - - - - - - -
i. Foreign Venture Capital

- - - - - - - - -
Fund
j. Others - - - - - - - - -
Sub-Total-B-(1) - - - - - - - - -
2. Non-Institution
a. Body Corporate - 67050 67050 47.90% - 67050 67050 47.90% -
b. Individual - - - - - - - - -
i. Individual shareholders
holding nominal share capital - - - - - - - - -
upto Rs. 1 Lac
ii. Individual shareholders

holding nominal share capital - 65852 65852 47.03% - 65852 65852 47.03% -
in excess of Rs. 1 Lac
24
c. Others(By Trust) - 7098 7098 5.07% - 7098 7098 5.07% -
i. NRI (Rep) - - - - - - - - -
ii. NRI (Non-Rep) - - - - - - - - -
iii. Foreign National - - - - - - - - -
iv. OCB - - - - - - - - -
v. Trust - - - - - - - - -
vi. In Transit - - - - - - - - -
Sub-Total-B-(2) - - - - - - - - -
Net Total (1+2) - - - - - - - - -
C. Shares held by Custodian

for GDRs & ADRs
Promoter and Promoter Group - - - - - - - - -
Public - - - - - - - - -
Total (C) - - - - - - - - -
Grand Total (A+B+C) - 140000 140000 100% - 140000 140000 100% -
Share Holding of Promoters
Shareholding at % change in
Shareholding at the
Sr. Shareholders the end of the Share Holding
Beginning of the
No. Name Year March 31, during the
Year April 1, 2016
2017 Year
% of Shares % of Shares
No. of % of total Shares of Pledged / No. of % of total Shares Pledged /
shares the Company encumbered to shares of the Company encumbered to
total shares total shares
SHRI
1 UDAYAN 785000 72.96% - 785000 72.96% - -
GAJJAR
25
DERWENT
CRYSTAL
2 291000 27.04% - 291000 27.04% - -
INDIA PVT
LTD
Total 1076000 100% - 1076000 100% - -
Change in Promoters Shareholding:
Shareholding at the Beginning of

Shareholding at the
Sr. No. Name of the Shareholder
End of the Year
the Year
No. of Shares % of total share capital of the Company No. of Shares % of total share capital of the Company
NIL
Shareholding Pattern of Top Ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):
Equity Shareholders: NA
Preference Shareholders:
% change in
Shareholding at Shareholding
Share
Sr. the Beginning of at the end of
Shareholders Name Holding
No. the Year April 1, the Year March
during the
2016 31, 2017
Year
% of Shares % of Shares
% of total
No. of % of total Shares Pledged / No. of Pledged /
Shares of the
shares of the Company encumbered to shares encumbered to
Company
total shares total shares
1 Nitaben B Shah 14332 10.24% - 14332 10.24% - -
Sureshchandra Nandlal
2 41980 29.99% - 41980 29.99% - -
Salot
Aparigraha Investment
3 Pvt. Ltd. Purshottamdas 37370 26.69% - 37370 26.69% - -
Investment Pvt. Ltd.
Purshottamdas
4 29680 21.20% - 29680 21.20% - -
Investment Pvt. Ltd.
R B Shah Family Trust

(Hasumati R Shah &
5 Nitaben B Shah As A 7098 5.07% - 7098 5.07% - -
26
Trustees )
6 Narendra P Shah 6440 4.60% - 6440 4.60% - -
Mahalaxmiben
Purshottamdas Shah
7 1440 1.03% - 1440 1.03% - -
Thakorbhai
Purshottamdas Shah
Thakorbhai
Purshottamdas Shah,
8 1440 1.03% - 1440 1.03% - -
Narendra Purshottamdas
Shah
Kantaben Thakorbhai
9 200 0.14% - 200 0.14% - -
Shah
10 Krishna Garg & Sons 10 0.01% - 10 0.01% - -
Total 139990 99.99% - 139990 99.99% - -
Shareholding of Directors and Key Managerial Personnel:
Sr. Name of the Shareholding at the

Shareholding at the
No. Shareholder Beginning of the Year
End of the
Year
% of total share capital of No. of % of total share capital of

No. of Shares
the Company Shares the Company
1 BANSIBHAI GAJJAR
at beginning of the year - - - -
at end of the year - - - -
2 UDAYANBHAI GAJJAR
at beginning of the year 785000 72.96% 785000 72.96%
at end of the year 785000 72.96% 785000 72.96%
DILIPKUMAR
3
THAKKAR
27
at beginning of the year - - - -
at end of the year - - - -
V. INDEBTEDNESS
Indebtedness of the Company including interest outstanding/accrued but not due for payment
(Amount in lakh)
Secured Loans Excluding Unsecured Total

Particulars Deposits
Deposits Loans Indebtedness
Indebtedness at the beginning of the financial year April

1, 2016
1) Principal Amount 4,204.70 236.14 - 4,440.84
2) Interest due but not paid - - - -
3) Interest accrued but not due - - - -
Total of (1+2+3) 4,204.70 236.14 - 4,440.84
Change in Indebtedness during the financial year
+Addition 2.01 2,720.27 2,722.28
- Reduction - - - -
Net change 2.01 2,720.27 2,722.28
Indebtedness at the end of the financial year - March

31, 2017
1) Principal Amount 4,206.71 2,956.41 - 7,163.12
2) Interest due but not paid - - - -
3) Interest accrued but not due - - - -
Total of (1+2+3) 4,206.71 2,956.41 - 7,163.12
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
28
A. Remuneration to Managing Director, Whole-time Directors and/or Manager:

(Amount in lakh)
Sr. Name of MD/WTD/ Total

Particulars of Remuneration
No. Manager Amount
BANSIBHAI UDAYANBHAI DILIPKUMAR

GAJJAR GAJJAR THAKKAR
1 Gross salary 16.4 520 50 586.4
(a) Salary as per provisions contained in section 17(1) of

- - - -
the Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961 - - - -
(c) Profits in lieu of salary under section 17(3) Income-

- - - -
tax Act, 1961
2 Stock Option - - - -
3 Sweat Equity - - - -
4 Commission - - - -
- as % of profit
- others, specify
5 Others, please specify - - - -
Total (A) 16.4 520 50 586.4
Ceiling as per the Act - - -
B. Remuneration to other directors:
Sr. No Particulars of Remuneration Name of Independent Director Total
1 Independent Directors - - -
Fee for attending board / committee meetings - - -
29
Commission - - -
Others, please specify - - -
Total (1) - - -
2 Other Non-Executive Directors - - -
Fee for attending board /committee meetings - - -
Commission - - -
Others, please specify - - -
Total (2) - - -
Total Managerial Remuneration (1+2) - - -
Overall Ceiling as per the Act - - -
C. Remuneration to Key Managerial Personnel Other Than MD/MANAGER/WTD:
Sr. Key Managerial

Particulars of Remuneration
No. Personnel
CEO CS CFO Total
1 Gross salary - - - -
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act,
- - - -
1961
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961 - - - -
(c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961 - - - -
2 Stock Option - - - -
3 Sweat Equity - - - -
4 Commission - - - -
- as % of profit - - - -
30
Others specify - - - -
5 Others, please specify - - - -
Total - - - -
VII. PENALTIES/ PUNISHMENT/ COMPOUNDING OF OFFENCES (Under the Companies Act, 2013):
Section of the Brief Details of Penalty / Punishment / Compounding Authority if any Appeal
Type
Companies Act Description fees imposed [RD/NCLT/COURT] (give Details) made,
A. COMPANY
Penalty Nil Nil Nil Nil Nil
Punishment Nil Nil Nil Nil Nil
Compounding Nil Nil Nil Nil Nil
B. DIRECTORS
C. OTHER
OFFICERS IN
DEFAULT
31
Disclosure of statement on development and implementation of risk management policy [Text Block]
The Board of Directors has developed and implemented a Risk Management Policy and system for the Company. It has identified and assessed
internal and external risks, with potential impact and likelihood that may impact the Company in achieving its strategic objectives or may threaten
its existence. The Policy lays down the procedures for risk identification, description, evaluation, estimation, reporting and development of action
plan. The policy includes identification of elements of risks which mainly covers Strategic Risk, Operational Risk, Financial Risk and Hazardous
Risks and is hereby disclosed in the report as per provisions of Section 134(3)(n) of the Companies Act, 2013.
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
Corporate Social Responsibility (CSR)
[Pursuant to clause (o) of sub-section (3) of section 134 of the Act and Rule 9 of the Companies (Corporate Social Responsibility) Rules, 2014]
A brief outline of the Companys CSR policy, including overview of projects or program proposed to be undertaken and a reference to the
web-link to the CSR policy and projects or Programs:
Company recognizes that as a responsible corporate entity its functions and operations have an impact on society and on the environment. In
addition to ensuring that operations are conducted efficiently and in a manner that meets governmental environmental standards, the Company is
committed in ensuring
Company with an intention to actively participate in the development of the communities where projects are located, which contributes to social
and political stability in the areas where it operates.
Projects or Programs
Amount spent:
Sr. CSR project or Sector in which the (1) Local area or other Amount spent
Direct or through
No. activity identified Project is covered (2) specify the state and district where on the activities
implementing agency*
project or programs was undertaken
K. C. Mahindra
1. 2,16,550
Education Trust
Apang Manav
2. 1,81,200
Mandal
Total 3,97,750
32
Disclosure of financial summary or highlights [Text Block]

FINANCIAL SUMMARY / HIGHLIGHT:
The Companys financial performances for the year under review along with previous years figures are given hereunder as required to be disclosed
in the report pursuant to Rule 8(5) (i) of the Companies (Accounts) Rules, 2014
(Amount in lakh)
PARTICULARS 2016-2017 2015-2016
Net Revenue From Operation 39,284.63 31,429.80
Other Income 510.35 298.52
Total Revenue 39,794.98 31,728.32
Operating & Other Expenses 37,775.31 29,889.88
Profit Before Depreciation, Interest and Tax 2,019.67 1,838.44
Finance Cost 654.35 517.58
Depreciation and Amortization Expenses 550.77 499.52
Profit Before Tax 814.55 821.34
Tax Expenses 305.00 305.00
Profit After Tax 509.55 516.35
Prior Year Adjustments (173.42) (17.92)
Balance Brought Forward 00 00
Profit Available for Appropriation 682.97 534.26
APPROPRIATIONS:
Adjustment of Depreciation 00 00
Amount Transferred to General Reserves 00 50.00
Proposed Dividend on preference shares 00 00
33
Provision for Tax on Dividend 00 00
Balance Carried to P&L A/c. in Balance Sheet 4,373.57 3,690.60
Disclosure of change in nature of business [Text Block]

No changes were found in the nature of business of the company during the year under review and company is doing its business as per object
clause of the company.
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]
The Company Board comprises of the following Directors as on 31.03.2017:
UDAYAN L. GAJJAR CHAIRMAN & MANAGING DIRECTOR
BANSIBHAI P. GAJJAR EXECUTIVE DIRECTOR
DILIPKUMAR V THAKKAR DIRECTOR
During the year under review, Mr. Udayan L. Gajjar was re-appointed as the Managing Director of the company for a further term of 5 years w.e.f
1st April, 2017 to 31st March, 2022.
Except this, there were no changes held in director and key managerial personnel which required to be disclosed in this report pursuant to Rule
(8)(5)(iii) of Companies (Accounts) Rules, 2014.
Further, all the directors of the Company have confirmed that they are not disqualified from being appointed as directors in terms of Section 164
of the Companies Act, 2013.
Disclosure of companies which have become or ceased to be its subsidiaries, joint ventures or associate companies
during year [Text Block]
The company does not have any subsidiary, associate or joint venture company so, the provisions of Section 134 (3)(q) of Companies Act, 2013
& Rule (8) (5)(iv) Of Companies (Accounts) Rules, 2014relating to their providing details regarding name of the companies which have
become/ceased to be Subsidiaries, JVS or Associate Companies during the year are not applicable to it.
Details relating to deposits covered under chapter v of companies act [Text Block]
The company has not accepted any deposits during the year and there are no outstanding deposits within the meaning of provisions of section 73
to 76 of the Companies Act, 2013 and Companies (Acceptance of Deposits) Rules, 2014 which is required to be disclosed in this report pursuant
to Section 134 (3)(q) of Companies Act, 2013.
Details of significant and material orders passed by regulators or courts or tribunals impacting going concern status
and company’s operations in future [Text Block]
During the financial year under report, no significant or material orders have been passed by any of the regulators or courts or tribunals impacting
the going concern status and operations of the Company in future.
34
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
The Company has adequate internal Control System, commensurate with the size, scale and complexity of its operations. The scope and authority
of the internal audit function is well defined within the organization in compliance with the applicable provisions of the Act.
Disclosure of appointment and remuneration of managerial personnels [Text Block]

During the year under review, Mr. Udayan L. Gajjar was re-appointed as the Managing Director of the company for a further term of 5 years w.e.f
1st April, 2017 to 31st March, 2022. Except this, there were no changes held in director and key managerial personnel which required to be
disclosed in this report pursuant to Rule (8)(5)(iii) of Companies (Accounts) Rules, 2014.
Mr. Udayan Gajjar, Managing Director who is holding position as a Managing Director of the Company throughout the year, and received
remuneration of Rs. 520 Lakh per annum which exceeds the limits mentioned under Rule 5(2) of the Companies (Appointment & Remuneration
of Managerial Personnel) Rules, 2014 (Rs. 1,02,00,000/- per annum or Rs. 8,50,000/- per month) . Details as per the provisions of Section 134 of
the Companies Act, 2013 & Rule 5(2) of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014 is given
hereunder:-
designation of the employee- Managing Director

(ii) Remuneration received- Rs. 520 lacs
(iii) Nature of employment, whether contractual or otherwise- Managing Director of the Co.
(iv) Qualifications and experience of the employee- Graduate and has experience of 26 years in the industry
(v) Date of commencement of employment- last 26 years
(vi) The age of such employee- 56 years
(vii) The last employment held by such employee before joining the company-NA
(viii) The percentage of equity shares held by the employee in the company within the meaning of clause (iii) of sub-rule (2) above- NA
(ix) Whether any such employee is a relative of any director or manager of the company and if so, name of such director or manager- NA
[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
MANUBHAI &
Name of audit firm SHAH LLP
KAUSHIK
Name of auditor signing report CHANDUBHAI
PATEL
Firms registration number of audit firm 106041W
Membership number of auditor 030083
Navrangpura,
Address of auditors Ahmedabad 380009
Permanent account number of auditor or auditor's firm AAFFM2086H
SRN of form ADT-1 S34162651
Date of signing audit report by auditors 29/07/2017
Date of signing of balance sheet by auditors 29/07/2017
35
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark applicable
[Member] [Member]
01/04/2016 01/04/2016
to to
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]
Textual information
Disclosure in auditors report relating to fixed assets (17) [See below]
The inventories have
been physically
verified by the
management at
reasonable intervals.
The discrepancies
Disclosure in auditors report relating to inventories noticed on physical
verification of
inventory as
compared to book
records were not
material.
Textual information
Disclosure in auditors report relating to loans (18) [See below]
Disclosure in auditors report relating to compliance with Section 185 and 186 of Textual information
Companies Act, 2013 (19) [See below]
Textual information
Disclosure in auditors report relating to deposits accepted (20) [See below]
Textual information
Disclosure in auditors report relating to maintenance of cost records (21) [See below]
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (22) [See below]
The Company has
not defaulted in the
repayment of loans
or borrowings due to
Disclosure in auditors report relating to default in repayment of financial dues financial institution,
bank or Government.
The company has
not issued
debentures.
Disclosure in auditors report relating to public offer and term loans used for Textual information
purpose for which those were raised (23) [See below]
Disclosure in auditors report relating to fraud by the company or on the Textual information
company by its officers or its employees reported during period (24) [See below]
This being a private
company, limit as
Specified in section
197 of the Act is not
Disclosure in auditors report relating to managerial remuneration applicable. Hence
reporting as required
by paragraph 3 (xi)
of the Order is not
applicable.
This being a private
company, limit as
Specified in section
197 of the Act is not
Disclosure in auditors report relating to Nidhi Company applicable. Hence
reporting as required
by paragraph 3 (xi)
of the Order is not
applicable.
Textual information
Disclosure in auditors report relating to transactions with related parties (25) [See below]
Disclosure in auditors report relating to preferential allotment or private Textual information
placement of shares or convertible debentures (26) [See below]
Disclosure in auditors report relating to non-cash transactions with directors Textual information
or persons connected with him (27) [See below]
Disclosure in auditors report relating to registration under section 45-IA of Textual information
Reserve Bank of India Act, 1934 (28) [See below]
36

01/04/2016
to
31/03/2017
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
Disclosure in auditors report relating to fixed assets

a. The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets. b. The fixed
assets have been physically verified by the management once in a year which we consider reasonable having regard to the size of the Company
and the nature of its assets. According to the information and explanations given to us, no material discrepancies were noticed on such
verification. c. According to the information and explanations given to us and on the basis of our examination of the records of the Company, the
title deeds of immovable properties are held in the name of the Company as at the balance sheet date.
Disclosure in auditors report relating to loans

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 Act. Therefore, the provisions of Clause 3 (iii) [(a), (b) and (c)] of the said Order are not applicable
to the Company.
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, the Company has complied with the provisions of section 185 and
186 of the Act, with respect to the loans and investments made.
Disclosure in auditors report relating to deposits accepted

The Company has not accepted any deposits within the meaning of Sections 73 to 76 or any other relevant provisions of the Act and the rules
framed there under. According to the information and explanations given to us, no order has been passed by the Company Law Board or the
National Company Law Tribunal or the Reserve Bank of India or any court or any other Tribunal.
Disclosure in auditors report relating to maintenance of cost records

We have broadly reviewed the books of account maintained by the company in respect of Submersible Pumps and Motors manufactured by the
company where, pursuant to the rules made by The Central Government of India, the maintenance of cost records has been prescribed under
sub-section (1) of Section 148 of the Act, and are of the opinion that, prima facie, the prescribed accounts and records have been made and
maintained. We have not, however, made a detailed examination of the records with a view to determine whether they are accurate or complete.
37
Disclosure in auditors report relating to statutory dues [Text Block]

a. According to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company is
generally regular in depositing the undisputed statutory dues, including employees state insurance, provident fund, sales tax, service tax, income
tax, duties of customs and excise, value added tax, cess and other material statutory dues, as applicable, with appropriate authorities though there
has been some delay in few occasions in depositing tax deducted at source.
According to the information and explanations given to us and the records of the Company examined by us, in our opinion, no undisputed
amounts payable as applicable were in arrears as at March 31, 2017for a period of more than six months from the date they became payable.
b. There were no dues of Income tax, Sales tax, Service tax, Custom Duty, Excise Duty and Value Added Tax which have not been deposited on
account of any dispute.
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
The Company has not raised any money by way of initial public offer or further public offer (including debt instruments). Money raised from
fresh term loans have been applied for the purpose for which they were raised.
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
During the course of examination of the books and records of the Company, carried out in accordance with generally accepted auditing practices
in India, and according to the information and explanations given to us, no fraud by the Company or on the Company by its officers or employees
has been, noticed or reported during the year, nor we have been informed of any such case by the Management.
Disclosure in auditors report relating to transactions with related parties

According to the information and explanations given to us and based on our examination of the records of the Company, transactions with the
related parties are in compliance with sections 177 and 188 of the Act where applicable and details of such transactions have been disclosed in the
financial statements as required by the applicable accounting standards.
Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible
debentures
According to the information and explanations give to us and based on our examination of the records of the Company, the Company has not
made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year.
Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not
entered into non-cash transactions with directors or persons connected with him. Accordingly, paragraph 3(xv) of the Order is not applicable.
38
Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of India Act, 1934
According to the information and explanations given to us and based on our examination of the records of the Company, the company is not
required to be registered under section45-IA of the Reserve Bank of India Act, 1934.
39
Disclosure in auditor’s report explanatory [Text Block]

To
The Members of
LA-GAJJAR MACHINERIESPRIVATE LIMITED
Report on the Financial Statements

We have audited the accompanying financial statements of LA-GAJJAR MACHINERIES PRIVATE LIMITED(the Company), which comprise
the Balance Sheet as at March 31, 2017, the Statement of Profit and Loss, the Cash Flow Statement for the year then ended and a summary of the
significant accounting policies and other explanatory information.
Managements Responsibility for the Financial Statements

The Companys Board of Directors are 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 accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section
133 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 that are reasonable and prudent; and
design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and
completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and
are free from material misstatement, whether due to fraud or error.
Auditors Responsibility
Our responsibility is to 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 our audit in accordance with the Standards on Auditing 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 the disclosures in the financial statements. The
procedures selected depend on the auditors 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 Companys
preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances.
An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by
the Companys Directors, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate 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 aforesaid 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 state of affairs of the Company as onMarch 31, 2017, and its profit and its cash flows for the year ended on that date.
Report on Other Legal and Regulatory Requirements
As required by the Companies (Auditors Report) Order, 2016 (the Order), issued by the Central Government of India in terms of sub-section (11)
of section 143 of the Act, we give in the Annexure A a statement on the matters specified in paragraphs 3 and 4 of the Order.
As required by 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
purposes of our audit.
(b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those
books.
(c) The Balance Sheet, the Statement of Profit and Loss, and the Cash Flow Statement dealt within by this Report are in agreement with the books
of account.
(d) 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.
40
(e) On the basis of the written representations received from the directors as on March 31, 2017 taken on record by the Board of Directors, none
of the directors 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 of Internal financial controls over financial reporting of the Company and the operating effectiveness of such
controls, refer to our separate Report in Annexure - B.
(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 :
The Company has disclosed the impact of pending litigations on its financial position in its financial statements Refer Note 30 to the financial
statements;
The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses;
There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.
The Company has provided requisite disclosures in the standalone financial statements as regards its holding and dealings in Specified Bank
Notes as defined in the Notification S.O. 3407(E) dated 8th November, 2016 of the Ministry of Finance, during the period from 8th November,
2016 to 30th December, 2016. Based on audit procedures performed and the representations provided to us by the management we report that the
disclosures are in accordance with the books of account maintained by the Company.
For, Manubhai& Shah LLP

Chartered Accountants
ICAI Firm RegistrationNo.: 106041W/W100136
K. C. Patel
Partner
Membership No. : 30083
Place : Ahmedabad
Date : 29th July, 2017
Annexure B
To the Independent Auditors Report of Even Date on the Financial Statements of La-Gajjar Machineries Private Limited
ReportontheInternalFinancialControlsover financial reportingunderClause(i)ofSub-section3of Section 143 of the Companies Act, 2013 (theAct)
Wehaveauditedthe internal financial controls over financial reporting ofLa-Gajjar Machineries Private Limited(the Company) as of March 31,
2017 in conjunction with our audit ofthe financial statements of the Company for the year ended on thatdate.
Managements Responsibility for Internal FinancialControls

TheCompanysmanagementisresponsibleforestablishingandmaintaining internal financial controls basedon the internal control over financial
reportingcriteria establishedbytheCompanyconsideringtheessentialcomponentsof internal control stated in the Guidance Note on Audit of Internal
financial controls over financial reporting issuedbythe Institute of Chartered Accountants of India (ICAI). These responsibilities include
thedesign,implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and
efficient conduct of its business, including adherence to Companys policies, the safeguard in assets, the prevention and detection of frauds and
errors, the accuracy and completeness of the accounting records, and the timely preparationofreliable financial information, as required under the
Companies Act,2013.
Auditors Responsibility
Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting based on our audit. We conducted
our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (theGuidanceNote) and the
Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013. Those Standards and the
Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether
adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all
material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial control system over financial
reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included
obtaininganunderstandingofinternal financial controls over financial reporting,assessingtheriskthatamaterial weakness exists, and testing and
evaluating the design and operating effectivenessofinternal control based on the assessed risk. The procedures selected depend on the auditors
judgment, including the assessment of the risks of material misstatement of thefinancialstatements, whether due to fraud orerror.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Companys
internal financial controls system over financial reporting.
Meaning of Internal Financial Controls over FinancialReporting
ACompany's internal financial control over financial reporting isaprocessdesignedtoprovidereasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
A Company's internal financial control over financial reporting includes those policies and procedures that;
Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the
Company;
41
Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with
generally accepted accountingprinciples,andthatreceipts and expenditures of the Company are being made only in accordancewithauthorizations
of management and directors of the Company; and
Providereasonableassurance regarding prevention or timely detection of unauthorized acquisition, use,ordisposition of the Company's assets that
could have a material effect on the financialstatements.
Inherent Limitations of Internal Financial Controls over FinancialReporting

Because of the inherent limitations of internal financial controls over financial reporting,includingthe 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 thattheinternal financial control over financial
reporting may become inadequate because of changesinconditions, or that the degree of compliance with the policies or procedures
maydeteriorate.
Opinion
In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal
financial controls overfinancialreporting were operating effectively as at March 31, 2017, based ontheinternal control over financial reporting
criteria established by the Company consideringtheessential components of internal control stated in the Guidance Note on Audit ofInternal
financial controls over Financial Reporting issued by the Institute of Chartered AccountantsofIndia.
For, Manubhai& Shah LLP

Chartered Accountants
ICAI Firm RegistrationNo.: 106041W/W100136
K. C. Patel
Partner
Membership No. : 30083
Place : Ahmedabad
Date : 29th July, 2017
[400500] Disclosures - Secretarial audit report

01/04/2016
to
31/03/2017
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
42
[100100] Balance sheet

31/03/2017 31/03/2016 31/03/2015
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 121.6 121.6
Reserves and surplus 5,588.18 4,905.21
Total shareholders' funds 5,709.78 5,026.81
Share application money pending allotment 0 0
Minority interest 0 0
Non-current liabilities [Abstract]
Long-term borrowings 874.26 410.7
Other long-term liabilities 102.51 236.84
Long-term provisions 0 0
Total non-current liabilities 976.77 647.54
Current liabilities [Abstract]
Short-term borrowings 5,973.04 3,898.99
Trade payables 7,355.8 6,267.41
Other current liabilities 1,058.92 736.61
Short-term provisions 178.92 234.36
Total current liabilities 14,566.68 11,137.37
Total equity and liabilities 21,253.23 16,811.72
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 4,463.96 3,490.56 3,463.08
Intangible assets 0 54.12 108.23
Total fixed assets 4,463.96 3,544.68
Non-current investments 0.41 0.41
Deferred tax assets (net) 38.99 29.01
Long-term loans and advances 483.34 401
Total non-current assets 4,986.7 3,975.1
Current assets [Abstract]
Current investments 0 0
Inventories 7,298.95 5,737.48
Trade receivables 5,822.17 5,245.02
Cash and bank balances 1,270.33 385.08
Short-term loans and advances 1,694.14 1,287.66
Other current assets 180.94 181.38
Total current assets 16,266.53 12,836.62
Total assets 21,253.23 16,811.72
43
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] 1 2
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director UDAYANBHAI DILIPKUMAR
Middle name of director LALJIBHAI VIJAYKUMAR
Last name of director GAJJAR THAKKAR
Designation of director Managing Director Updated
Director identification number of director 00464019 01479315
Date of signing of financial statements by director 29/07/2017 29/07/2017
44
[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 814.55 821.34
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 654.35 517.58
Adjustments for depreciation and amortisation expense 550.77 499.52
Adjustments for impairment loss reversal of impairment loss
-6.11 -11.71
recognised in profit or loss
Other adjustments for non-cash items 68.97 21.17
Total adjustments to profit (loss) 1,267.98 1,026.56
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories -1,561.47 -873.2
Adjustments for decrease (increase) in trade receivables -577.15 -544.62
Adjustments for decrease (increase) in other current assets -466.37 50.2
Adjustments for increase (decrease) in trade payables 1,125.57 1,159.06
Total adjustments for working capital -1,479.42 -208.56
Total adjustments for reconcile profit (loss) -211.44 818
Net cash flows from (used in) operations 603.11 1,639.34
Income taxes paid (refund) 322.02 264.71
Net cash flows from (used in) operating activities before extraordinary
281.09 1,374.63
items
Net cash flows from (used in) operating activities 281.09 1,374.63
Cash flows from used in investing activities [Abstract]
Proceeds from sales of tangible assets 22.63 98.85
Purchase of tangible assets 1,452.53 554.5
Other inflows (outflows) of cash -586.65 248.75
Net cash flows from (used in) investing activities before extraordinary
-2,016.55 -206.9
items
Net cash flows from (used in) investing activities -2,016.55 -206.9
Cash flows from used in financing activities [Abstract]
Proceeds from borrowings 2,688.41 0
Repayments of borrowings 0 577.24
Interest paid 654.35 517.58
Net cash flows from (used in) financing activities before extraordinary
2,034.06 -1,094.82
items
Net cash flows from (used in) financing activities 2,034.06 -1,094.82
Net increase (decrease) in cash and cash equivalents before effect of
298.6 72.91
exchange rate changes
Net increase (decrease) in cash and cash equivalents 298.6 72.91
Cash and cash equivalents cash flow statement at end of period 595.79 297.19 224.28
45
[200100] Notes - Share capital
Disclosure of shareholding more than five per cent in company [Table] ..(1)
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
DERWENT CRYSTAL DERWENT CRYSTAL
UDAYAN L. UDAYAN L.
Name of shareholder GAJJAR GAJJAR
INDIA PRIVATE INDIA PRIVATE
LIMITED LIMITED
CIN of shareholder U26100GJ1994PTC023144 U26100GJ1994PTC023144
PAN of shareholder AAXPG1064H AAXPG1064H AABCD7420K AABCD7420K
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
shareholder
Number of shares held in company [shares] 7,85,000 [shares] 7,85,000 [shares] 2,91,000 [shares] 2,91,000
Percentage of shareholding in company 72.96% 72.96% 27.04% 27.04%
Classes of share capital [Axis] Preference shares 1 [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
140000 0.5% 140000 0.5% 140000 0.5% 140000 0.5%
CUMULALATIVE CUMULALATIVE CUMULALATIVE CUMULALATIVE
Type of share REDEEMABLE REDEEMABLE REDEEMABLE REDEEMABLE
PREFERENCE PREFERENCE PREFERENCE PREFERENCE
SHARES SHARES SHARES SHARES
NITABEN B. SURESHCHANDRA SURESHCHANDRA
Name of shareholder SHAH
NITABEN B. SHAH
N. SALOT N. SALOT
PAN of shareholder AFQPS1846H AFQPS1846H ACJPS9809G ACJPS9809G
shareholder
Number of shares held in company [shares] 14,332 [shares] 14,332 [shares] 41,980 [shares] 41,980
46
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
140000 0.5% 140000 0.5% 140000 0.5% 140000 0.5%
CUMULALATIVE CUMULALATIVE CUMULALATIVE CUMULALATIVE
Type of share REDEEMABLE REDEEMABLE REDEEMABLE REDEEMABLE
PREFERENCE SHARES PREFERENCE SHARES PREFERENCE SHARES PREFERENCE SHARES
APARIGRAHA APARIGRAHA PURSHOTTAMDAS PURSHOTTAMDAS
Name of shareholder INVESTMENT PRIVATE INVESTMENT PRIVATE SHAH INVESTMENTS SHAH INVESTMENTS
LIMITED LIMITED PVT LTD PVT LTD
CIN of shareholder U65910GJ1984PTC007258 U65910GJ1984PTC007258 U65910GJ1984PTC007259 U65910GJ1984PTC007259
PAN of shareholder AABCA2670G AABCA2670G AABCP1833A AABCP1833A
shareholder
Number of shares held in company [shares] 37,370 [shares] 37,370 [shares] 29,680 [shares] 29,680
Name of shareholder [Axis] Shareholder 5 [Member]
01/04/2016 01/04/2015
to to
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]
140000 0.5% 140000 0.5%
CUMULALATIVE CUMULALATIVE
Type of share REDEEMABLE REDEEMABLE
PREFERENCE PREFERENCE
SHARES SHARES
R. B. Shah Family
R. B. Shah Family
Trust (H.R. Shah &
Name of shareholder N.B. Shah as
Trust (H.R. Shah &
N.B. Shah as trustee)
trustee)
PAN of shareholder AAATR4575M AAATR4575M
Country of incorporation or residence of shareholder INDIA INDIA
Number of shares held in company [shares] 7,098 [shares] 7,098
Percentage of shareholding in company 5.07% 5.07%
47
Disclosure of classes of share capital [Table] ..(1)

Equity shares
Classes of share capital [Axis] Share capital [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016
to to 31/03/2015 to
31/03/2017 31/03/2016 31/03/2017
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 55,00,000 [shares] 55,00,000 [shares] 52,40,000
Value of shares authorised 550 550 524
Number of shares issued [shares] 12,16,000 [shares] 12,16,000 [shares] 10,76,000
Value of shares issued 121.6 121.6 107.6
Number of shares subscribed and fully paid [shares] 12,16,000 [shares] 12,16,000 [shares] 10,76,000
Value of shares subscribed and fully paid 121.6 121.6 107.6
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 12,16,000 [shares] 12,16,000 [shares] 10,76,000
Total value of shares subscribed 121.6 121.6 107.6
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 12,16,000 [shares] 12,16,000 [shares] 10,76,000
Value of shares called 121.6 121.6 107.6
Value of shares paid-up 121.6 121.6 107.6
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
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
[shares] 0 [shares] 0 [shares] 0
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period [shares] 12,16,000 [shares] 12,16,000 [shares] 1,40,000 [shares] 10,76,000
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
Amount of bonus issue during period 0 0 0
Amount of issue allotted for
contracts without payment 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0
amalgamation during period
Amount of other issues during period 0 0 0
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 121.6 121.6 107.6
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]
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
48

Classes of share capital [Axis] Equity shares [Member] Equity shares 1 [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
Type of share EQUITY EQUITY
Number of shares authorised [shares] 52,40,000 [shares] 52,40,000 [shares] 52,40,000
Value of shares authorised 524 524 524
Number of shares issued [shares] 10,76,000 [shares] 10,76,000 [shares] 10,76,000
Value of shares issued 107.6 107.6 107.6
Number of shares subscribed and fully paid [shares] 10,76,000 [shares] 10,76,000 [shares] 10,76,000
Value of shares subscribed and fully paid 107.6 107.6 107.6
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 10,76,000 [shares] 10,76,000 [shares] 10,76,000
Total value of shares subscribed 107.6 107.6 107.6
Number of shares paid-up [shares] 10,76,000 [shares] 10,76,000 [shares] 10,76,000
Value of shares called 107.6 107.6 107.6
Value of shares paid-up 107.6 107.6 107.6
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 10 [INR/shares] 10
called
[Abstract]
[Abstract]
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
contracts without payment received [shares] 0 [shares] 0 [shares] 0
in cash
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
shares outstanding
Number of shares outstanding at end of period [shares] 10,76,000 [shares] 0 [shares] 10,76,000 [shares] 10,76,000
[Abstract]
[Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
contracts without payment 0 0 0
0 0 0
Amount of other issues during period 0 0 0
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 107.6 107.6 107.6 107.6
49

allotment of securities and due for refund 0 0 0

Equity shares 1
Classes of share capital [Axis] Preference shares [Member]
[Member]
01/04/2016 01/04/2015
31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016
Number of shares authorised [shares] 2,60,000 [shares] 2,60,000
Value of shares authorised 26 26
Number of shares issued [shares] 1,40,000 [shares] 1,40,000
Value of shares issued 14 14
Number of shares subscribed and fully paid [shares] 1,40,000 [shares] 1,40,000
Value of shares subscribed and fully paid 14 14
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] 1,40,000 [shares] 1,40,000
Total value of shares subscribed 14 14
Number of shares paid-up [shares] 1,40,000 [shares] 1,40,000
Value of shares called 14 14
Value of shares paid-up 14 14
[Abstract]
[Abstract]
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0
contracts without payment received [shares] 0 [shares] 0
in cash
[shares] 0 [shares] 0
amalgamation
Number of other issues of shares [shares] 0 [shares] 0
shares outstanding
Number of shares outstanding at end of period [shares] 0 [shares] 1,40,000 [shares] 1,40,000 [shares] 1,40,000
[Abstract]
[Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
contracts without payment 0 0
0 0
Amount of other issues during period 0 0
Total increase (decrease) in share capital 0 0
Share capital at end of period 107.6 14 14 14
allotment of securities and due for refund 0 0
50

01/04/2016 01/04/2015
to to 31/03/2015
31/03/2017 31/03/2016
260000 0.5% 260000 0.5%
CUMULALATIVE CUMULALATIVE
Type of share REDEEMABLE REDEEMABLE
PREFERENCE SHARES PREFERENCE SHARES
Number of shares authorised [shares] 2,60,000 [shares] 2,60,000
Value of shares authorised 26 26
Number of shares issued [shares] 1,40,000 [shares] 1,40,000
Value of shares issued 14 14
Number of shares subscribed and fully paid [shares] 1,40,000 [shares] 1,40,000
Value of shares subscribed and fully paid 14 14
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] 1,40,000 [shares] 1,40,000
Total value of shares subscribed 14 14
Number of shares paid-up [shares] 1,40,000 [shares] 1,40,000
Value of shares called 14 14
Value of shares paid-up 14 14
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 10 [INR/shares] 10
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 allotted for contracts without payment
received in cash
Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0
Number of other issues of shares [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0
[shares]
Number of shares outstanding at end of period [shares] 1,40,000 [shares] 1,40,000
1,40,000
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
Amount of issue allotted for contracts without payment
0 0
Amount of issue under scheme of amalgamation during period 0 0
Amount of other issues during period 0 0
Total increase (decrease) in share capital 0 0
Share capital at end of period 14 14 14
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]
Total application money received for allotment of
securities and due for refund and interest accrued 0 0
thereon
51

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Number of persons on private placement of equity share 0 0
Number of persons on private placement of preference share 0 0
Whether reduction in capital done during year No No
Whether money raised from public offering during year No No
Amount raised from public offering during year 0 0
Amount utilised towards specified purposes for public offering 0 0
Amount remaining unutilised received in respect of public offering 0 0
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Capital redemption
Components of reserves [Axis] Reserves [Member]
reserves [Member]
01/04/2016 01/04/2015 01/04/2016
to to 31/03/2015 to
31/03/2017 31/03/2016 31/03/2017
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 682.97 534.26 0
Other additions to reserves 0 50 0
Total additions to reserves 682.97 584.26 0
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Other appropriations 0 0 0
Transfer to general reserve 0 50 0
Total appropriations for dividend,
0 50 0
dividend tax and general reserve
Appropriation towards bonus shares 0 0 0
Total changes in reserves 682.97 534.26 0
Reserves at end of period 5,588.18 4,905.21 4,370.96 125

Components of reserves [Axis] Capital redemption reserves [Member] Securities premium account [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 0
0 0 0
Total changes in reserves 0 0 0
Reserves at end of period 125 125 678.4 678.4
52

Securities premium
Components of reserves [Axis] Other reserves [Member]
account [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 0 0
Other additions to reserves 0 50
Total additions to reserves 0 50
Other appropriations 0 0
Transfer to general reserve 0 0
0 0
Appropriation towards bonus shares 0 0
Total changes in reserves 0 50
Reserves at end of period 678.4 411.21 411.21 361.21

Components of reserves [Axis] General reserve [Member] Surplus [Member]
01/04/2016 01/04/2015 01/04/2016
to to 31/03/2015 to
31/03/2017 31/03/2016 31/03/2017
Profit (loss) for period 0 0 682.97
Total additions to reserves 0 50 682.97
0 0 0
Total changes in reserves 0 50 682.97
Reserves at end of period 411.21 411.21 361.21 4,373.57
53

Components of reserves [Axis] Surplus [Member]
01/04/2015
to 31/03/2015
31/03/2016
Profit (loss) for period 534.26
Other additions to reserves 0
Total additions to reserves 534.26
Appropriations for dividend, dividend tax and general reserve [Abstract]
Other appropriations 0
Transfer to general reserve 50
Total appropriations for dividend, dividend tax and general reserve 50
Appropriation towards bonus shares 0
Total changes in reserves 484.26
Reserves at end of period 3,690.6 3,206.35
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Classification of borrowings [Axis] Borrowings [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
01/04/2016 01/04/2015
to to 31/03/2017 31/03/2016
31/03/2017 31/03/2016
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 874.26 282.7 0 128
Nature of security [Abstract]
Nature of security
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default
0 0 0 0
principal
0 0 0 0
interest
54

Classification of borrowings [Axis] Term loans [Member] Term loans from banks [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [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
Borrowings 730.11 236.32 730.11 236.32
Nature of security
0 0 0 0
principal
0 0 0 0
interest

Classification of borrowings [Axis] Rupee term loans from banks [Member] Deferred payment liabilities [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [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
Borrowings 730.11 236.32 144.15 46.38
HYPOTHECATION HYPOTHECATION
OF MACHINERIES OF MACHINERIES
Nature of security AND MORTGAGE AND MORTGAGE
OF LAND & OF LAND &
BUILDING BUILDING
TERM LOANS TERM LOANS
Details of personal security given by FROM BANK ARE FROM BANK ARE
promoters, other shareholders or other COLLATERALLY COLLATERALLY
SECURED BY SECURED BY
third parties, though such security does PERSONAL PERSONAL
not result in classification of borrowings GUARANTEE OF GUARANTEE OF A
as secured A DIRECTOR AND DIRECTOR AND
HIS RELATIVE HIS RELATIVE
0 0 0 0
principal
0 0 0 0
interest
55

Deferred payment for acquisition of fixed
Classification of borrowings [Axis] Deposits [Member]
assets [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
01/04/2016 01/04/2015
to to 31/03/2017 31/03/2016
31/03/2017 31/03/2016
Borrowings 144.15 46.38 0 128
HYPOTHECATION HYPOTHECATION
Nature of security OF VEHICLES OF VEHICLES
REPAYABLE IN
REPAYABLE IN
MONTHLY
MONTHLY
EQUATED
Details of personal security given by EQUATED
INSTALLMENTS
promoters, other shareholders or other INSTALLMENTS
OVER A
OVER A
third parties, though such security does MAXIMUM
MAXIMUM PERIOD
not result in classification of borrowings PERIOD OF 3
OF 3 YEASRS WIHT
as secured YEASRS WIHT
INTEREST RATE
INTEREST RATE
BETWEEN 8.63%
BETWEEN 8.63%
AND 12.50%
AND 12.50%
0 0 0 0
principal
0 0 0 0
interest

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
Classification of borrowings [Axis] Intercorporate deposits [Member] Borrowings [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Secured borrowings [Member]
01/04/2016 01/04/2015
31/03/2017 31/03/2016 to to
31/03/2017 31/03/2016
Borrowings 0 128 3,016.64 3,790.85
Nature of security
0 0 0 0
principal
0 0 0 0
interest
56

Classification based on time period [Axis] Short-term [Member]
Working capital loans from banks
Classification of borrowings [Axis] Borrowings [Member]
[Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Secured borrowings [Member]
01/04/2016 01/04/2015
31/03/2017 31/03/2016 to to
31/03/2017 31/03/2016
Borrowings 2,956.4 108.14 3,016.64 3,790.85
HYPOTHECATION
HYPOTHECATION
OF STOCK OF
OF STOCK OF RAW
R A W
MATERIALS,
MATERIALS,
STORES, STOCK IN
STORES, STOCK
PROCESS AND
IN PROCESS AND
FINISHED GOODS
FINISHED GOODS
AS WELL AS BOOK
AS WELL AS
Nature of security BOOK DEBTS,
DEBTS, SECOND
CHARGE BY WAY
SECOND CHARGE
O F
BY WAY OF
HYPOTHECATION
HYPOTHECATION
OF MACHINERIES
OF MACHINERIES
AND EQUITABLE
AND EQUITABLE
MORTGAGE OF
MORTGAGE OF
LAND
LAND
Details of personal security given by SECURED BY SECURED BY
promoters, other shareholders or other PERSONAL PERSONAL
GUARANTEE OF GUARANTEE OF
third parties, though such security does MANAGING MANAGING
not result in classification of borrowings DIRECTOR AND DIRECTOR AND
as secured HIS RELATIVE HIS RELATIVE
0 0 0 0
principal
0 0 0 0
interest

Loans and Loans and
Loans and advances from related parties
Classification of borrowings [Axis] advances from advances from
[Member]
directors [Member] others [Member]
Unsecured Unsecured
Subclassification of borrowings [Axis] Unsecured borrowings [Member] borrowings borrowings
[Member] [Member]
31/03/2017 31/03/2016 31/03/2016 31/03/2017
Borrowings 2,956.4 108.14 108.14 2,956.4
0 0 0 0
principal
0 0 0 0
interest
57
[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
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
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 1,486.58 560.03 1,486.58 560.03
assets
Acquisitions through
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets -496.66 -445.41
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0 0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
0 0 0 0
through demergers
Disposals tangible assets,
16.52 128.62 65.67 128.62
others
Total disposals tangible
16.52 128.62 65.67 128.62
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
tangible assets
0 41.48 0 0
assets, others
Total other adjustments
0 41.48 0 0
tangible assets
Total changes in tangible
973.4 27.48 1,420.91 431.41
assets
Tangible assets at end of period 4,463.96 3,490.56 3,463.08 7,907.79 6,486.88 6,055.47
58

Classes of tangible assets [Axis] Company total tangible assets [Member] Land [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 0
assets
business combinations 0 0
tangible assets
Depreciation tangible assets 496.66 445.41 0 0
Impairment loss
recognised in profit or 0 0 0 0
recognised in profit or loss 0 0 0 0
tangible assets
0 0
[Abstract]
0 0
through demergers
49.15 0 0 20.88
others
49.15 0 0 20.88
assets
assets [Abstract]
net exchange differences 0 0
tangible assets
0 -41.48 0 0
assets, others
0 -41.48 0 0
tangible assets
447.51 403.93 0 -20.88
assets
59

Classes of tangible assets [Axis] Land [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Gross carrying amount [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 0
assets
tangible assets
Depreciation tangible assets 0 0
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0 20.88 0 0
others
0 20.88 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 -20.88 0 0
assets
Tangible assets at end of period 1,285.07 1,285.07 1,305.95 0 0 0
60

Classes of tangible assets [Axis] Buildings [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 282.52 21.72 282.52 21.72
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 73.14 0 73.14
others
0 73.14 0 73.14
assets
assets [Abstract]
tangible assets
0 22.3 0 0
assets, others
0 22.3 0 0
tangible assets
215.14 -100.53 282.52 -51.42
assets
Tangible assets at end of period 904.8 689.67 790.2 1,418.01 1,135.5 1,186.92
61

Classes of tangible assets [Axis] Buildings [Member] Other building [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 282.52 21.72
assets
tangible assets
Depreciation tangible assets 67.38 71.41 -67.38 -71.41
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0 0 0 73.14
others
0 0 0 73.14
assets
assets [Abstract]
tangible assets
0 -22.3 0 22.3
assets, others
0 -22.3 0 22.3
tangible assets
67.38 49.11 215.14 -100.53
assets
Tangible assets at end of period 513.21 445.83 396.72 904.8 689.67 790.2
62

Classes of tangible assets [Axis] Other building [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 67.38 71.41
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0 73.14 0 0
others
0 73.14 0 0
assets
assets [Abstract]
tangible assets
0 0 0 -22.3
assets, others
0 0 0 -22.3
tangible assets
282.52 -51.42 67.38 49.11
assets
Tangible assets at end of period 1,418.01 1,135.5 1,186.92 513.21 445.83 396.72
63

Classes of tangible assets [Axis] Plant and equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
5.62 13.76 12.27 13.76
others
5.62 13.76 12.27 13.76
assets
assets [Abstract]
tangible assets
0 1.71 0 0
assets, others
0 1.71 0 0
tangible assets
534.33 235.83 847.41 473.39
assets
Tangible assets at end of period 1,779.22 1,244.9 1,009.07 3,561 2,713.6 2,240.21
64

Classes of tangible assets [Axis] Plant and equipment [Member] Other plant and equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
6.65 0 5.62 13.76
others
6.65 0 5.62 13.76
assets
assets [Abstract]
tangible assets
0 -1.71 0 1.71
assets, others
0 -1.71 0 1.71
tangible assets
313.08 237.56 534.33 235.83
assets
65

Classes of tangible assets [Axis] Other plant and equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
12.27 13.76 6.65 0
others
12.27 13.76 6.65 0
assets
assets [Abstract]
tangible assets
0 0 0 -1.71
assets, others
0 0 0 -1.71
tangible assets
847.41 473.39 313.08 237.56
assets
Tangible assets at end of period 3,561 2,713.6 2,240.21 1,781.78 1,468.7 1,231.14
66

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0.12 1.28 1.28 1.28
others
0.12 1.28 1.28 1.28
assets
assets [Abstract]
tangible assets
0 1.09 0 0
assets, others
0 1.09 0 0
tangible assets
26.48 -16.26 48.25 9.19
assets
67

Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
1.16 0 10.38 18.7
others
1.16 0 10.38 18.7
assets
assets [Abstract]
tangible assets
0 -1.09 0 15.6
assets, others
0 -1.09 0 15.6
tangible assets
21.77 25.45 99.51 -45.97
assets
68

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
48.02 18.7 37.64 0
others
48.02 18.7 37.64 0
assets
assets [Abstract]
tangible assets
0 0 0 -15.6
assets, others
0 0 0 -15.6
tangible assets
120.94 -0.69 21.43 45.28
assets
69

Classes of tangible assets [Axis] Motor vehicles [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
10.38 18.7 48.02 18.7
others
10.38 18.7 48.02 18.7
assets
assets [Abstract]
tangible assets
0 15.6 0 0
assets, others
0 15.6 0 0
tangible assets
99.51 -45.97 120.94 -0.69
assets
70

Classes of tangible assets [Axis] Motor vehicles [Member] Office equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
37.64 0 0.24 0.32
others
37.64 0 0.24 0.32
assets
assets [Abstract]
tangible assets
0 -15.6 0 0.26
assets, others
0 -15.6 0 0.26
tangible assets
21.43 45.28 87.67 -16.49
assets
71

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0.47 0.32 0.23 0
others
0.47 0.32 0.23 0
assets
assets [Abstract]
tangible assets
0 0 0 -0.26
assets, others
0 0 0 -0.26
tangible assets
98.02 11.98 10.35 28.47
assets
72

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0.16 0.54 3.63 0.54
others
0.16 0.54 3.63 0.54
assets
assets [Abstract]
tangible assets
0 0.52 0 0
assets, others
0 0.52 0 0
tangible assets
10.27 -8.22 23.77 9.84
assets
73

Classes of tangible assets [Axis] Computer equipments [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
01/04/2016 01/04/2015
to to 31/03/2015
31/03/2017 31/03/2016
Disclosure of tangible assets [LineItems]
Reconciliation of changes in tangible assets [Abstract]
Changes in tangible assets [Abstract]
Impairment loss recognised in profit or loss tangible assets 0 0
Reversal of impairment loss recognised in profit or loss
0 0
tangible assets
Disposals tangible assets [Abstract]
Disposals tangible assets, others 3.47 0
Total disposals tangible assets 3.47 0
Other adjustments tangible assets [Abstract]
Other adjustments tangible assets, others 0 -0.52
Total other adjustments tangible assets 0 -0.52
Total changes in tangible assets 13.5 18.06
Tangible assets at end of period 293.65 280.15 262.09
Disclosure of additional information tangible assets [Table] ..(1)

Company total tangible assets
Classes of tangible assets [Axis] Land [Member] Buildings [Member]
[Member]
Owned and leased 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
Disclosure of additional information
tangible assets [LineItems]
Depreciation method tangible assets - -
Useful lives or depreciation rates
- -
tangible assets

Other plant and equipment
Classes of tangible assets [Axis] Other building [Member] Plant and equipment [Member]
[Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member] 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
Depreciation method tangible assets WDV WDV WDV WDV
As per Part C
As per Part C of As per Part C of As per Part C of
of Schedule II
Useful lives or depreciation rates Schedule II to the Schedule II to the Schedule II to the
to the
tangible assets Companies Act, Companies Act, Companies Act,
Companies
2013 2013 2013
Act, 2013
74

Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member] Motor vehicles [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member] 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
As per Part C
As per Part C of As per Part C of As per Part C of
of Schedule II
Useful lives or depreciation rates Schedule II to the Schedule II to the Schedule II to the
to the
tangible assets Companies Act, Companies Act, Companies Act,
Companies
2013 2013 2013
Act, 2013

Classes of tangible assets [Axis] Office equipment [Member] Computer equipments [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 additional information tangible assets
[Abstract]
Disclosure of additional information tangible assets
[LineItems]
As per Part C of As per Part C of
As per Part C of As per Part C of
Schedule II to the Schedule II to the
Useful lives or depreciation rates tangible assets Companies Act,
Schedule II to the
Companies Act,
Schedule II to the
Companies Act, 2013 Companies Act, 2013
2013 2013
75
[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
impairment and gross carrying amount [Axis]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
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]
Additions through internal
0 0 0 0
development
intangible assets
intangible assets
Total additions to
0 0 0 0
intangible assets
Amortization intangible assets -54.12 -54.11
Impairment loss
loss intangible assets
intangible assets
0 0 0 0
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0 0 0
assets through demergers
0 0 0 0
assets, others
Total disposals intangible
0 0 0 0
assets
Retirements of intangible
0 0 0 0
assets
Other adjustments intangible
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
intangible assets, others
0 0 0 0
intangible assets
Total changes in intangible
-54.12 -54.11 0 0
assets
Intangible assets at end of period 0 54.12 108.23 270.57 270.57 270.57
76

Classes of intangible assets [Axis] Company total intangible assets [Member] Goodwill [Member]
Internally generated and other than internally
Sub classes of intangible assets [Axis] Internally generated intangible assets [Member]
generated intangible assets [Member]
Carrying amount accumulated amortization and Accumulated amortization and impairment
impairment and gross carrying amount [Axis] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
[Abstract]
0 0
development
intangible assets
intangible assets
Total additions to
0 0
intangible assets
Amortization intangible assets 54.12 54.11 -54.12 -54.11
Impairment loss
intangible assets
0 0
[Abstract]
0 0
0 0 0 0
assets, others
0 0 0 0
assets
0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
54.12 54.11 -54.12 -54.11
assets
Intangible assets at end of period 270.57 216.45 162.34 0 54.12 108.23
77

Classes of intangible assets [Axis] Goodwill [Member]
Carrying amount accumulated amortization and Accumulated amortization and impairment
impairment and gross carrying amount [Axis] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
[Abstract]
0 0
development
intangible assets
intangible assets
Total additions to
0 0
intangible assets
Amortization intangible assets 54.12 54.11
Impairment loss
intangible assets
0 0
[Abstract]
0 0
0 0 0 0
assets, others
0 0 0 0
assets
0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
0 0 54.12 54.11
assets
Intangible assets at end of period 270.57 270.57 270.57 270.57 216.45 162.34
78

Classes of intangible assets [Axis] Goodwill on investments joint ventures [Member]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
[Abstract]
0 0 0 0
development
intangible assets
intangible assets
Total additions to
0 0 0 0
intangible assets
Amortization intangible assets -54.12 -54.11
Impairment loss
intangible assets
0 0 0 0
[Abstract]
0 0 0 0
0 0 0 0
assets, others
0 0 0 0
assets
0 0 0 0
assets
assets [Abstract]
intangible assets
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
-54.12 -54.11 0 0
assets
Intangible assets at end of period 0 54.12 108.23 270.57 270.57 270.57
79

Classes of intangible assets [Axis] Goodwill on investments joint ventures [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
Accumulated amortization and impairment [Member]
[Axis]
01/04/2016 01/04/2015
to to 31/03/2015
31/03/2017 31/03/2016
Disclosure of intangible assets [LineItems]
Reconciliation of changes in intangible assets [Abstract]
Changes in intangible assets [Abstract]
Amortization intangible assets 54.12 54.11
Impairment loss recognised in profit or loss intangible assets 0 0
Reversal of impairment loss recognised in profit or loss
0 0
intangible assets
Disposals intangible assets [Abstract]
Disposals intangible assets, others 0 0
Total disposals intangible assets 0 0
Other adjustments intangible assets [Abstract]
Other adjustments intangible assets, others 0 0
Total other adjustments intangible assets 0 0
Total changes in intangible assets 54.12 54.11
Intangible assets at end of period 270.57 216.45 162.34
Disclosure of additional information intangible assets [Table] ..(1)

Company total intangible assets Goodwill on investments joint
Classes of intangible assets [Axis] Goodwill [Member]
[Member] ventures [Member]
Internally generated and other
Internally generated intangible Internally generated intangible
Sub classes of intangible assets [Axis] than internally generated
assets [Member] 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
5 YEARS 5 YEARS
intangible assets
As per the rates As per the rates
prescribed in prescribed in
Description of amortization method
Schedule II to the Schedule II to
used Companies Act, the Companies
2013 Act, 2013
80
[200400] Notes - Non-current investments
Details of non-current investments [Table] ..(1)

Classification of non-current investments [Axis] A2 A3
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
Non-current investments [Abstract]
Disclosure of details of non-current investments
[Abstract]
Details of non-current investments [LineItems]
Investment in other Investment in other Investment in other Investment in other
Type of non-current investments Indian companies Indian companies Indian companies Indian companies
equity instruments equity instruments equity instruments equity instruments
Class of non-current investments Trade investments Trade investments Trade investments Trade investments
Nature of non-current investments QUOTED QUOTED UNQUOTED UNQUOTED
Non-current investments 0.02 0.02 0.39 0.39
THE KALUPUR THE KALUPUR
BODAL BODAL
Name of body corporate in whom investment has COMMERCIAL COMMERCIAL
CHEMICALS CHEMICALS
been made CO-OPERATIVE CO-OPERATIVE
LIMITED LIMITED
BANK LIMITED BANK LIMITED

31/03/2017 31/03/2016
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 0.02 0.02
Market value of quoted non-current investments 0.02 0.02
Aggregate amount of unquoted non-current investments 0.39 0.39
Aggregate provision for diminution in value of non-current investments 0 0
[200500] Notes - Current investments

31/03/2017 31/03/2016
Disclosure of notes on current investments explanatory [TextBlock]
Aggregate amount of quoted current investments 0 0
Market value of quoted current investments 0 0
Aggregate amount of unquoted current investments 0 0
Aggregate provision for diminution in value of current investments 0 0
81
[200600] Notes - Subclassification and notes on liabilities and assets
Disclosure of breakup of provisions [Table] ..(1)

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]
Provision for corporate tax [Abstract]
Provision for current tax 0 119.63
Provision for other tax 167.56 114.73
Total provision for corporate tax 167.56 234.36
CSR expenditure provision 0 0
Other provisions 11.36 0
Total provisions 178.92 234.36
Loans and advances [Table] ..(1)

Classification of loans and advances [Axis] Capital advances [Member] Security deposits [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
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 132.7 166.75 308.87 219.07
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 132.7 166.75 308.87 219.07
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
Loans and advances due by others 132.7 0 308.87 0
Total loans and advances due by
132.7 0 308.87 0
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director
82

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
Loans advances Loans advances
Deposits with statutory authorities
Classification of loans and advances [Axis] given suppliers given employees
[Member]
[Member] [Member]
Unsecured Unsecured
Classification of assets based on security [Axis] Unsecured considered good [Member] considered good considered good
[Member] [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2017
[Abstract]
Loans and advances, gross 41.77 15.18 338.32 59.96
0 0 0 0
advances
Loans and advances 41.77 15.18 338.32 59.96
[Abstract]
Loans and advances due by others 41.77 0 338.32 59.96
41.77 0 338.32 59.96
0 0 0 0
director
83

Loans advances Loans advances
Deposits with statutory authorities
Classification of loans and advances [Axis] given employees value be received
[Member]
[Member] [Member]
Unsecured Unsecured
Classification of assets based on security [Axis] considered good considered good Unsecured considered good [Member]
[Member] [Member]
31/03/2016 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 63.5 185.6 1,101.16 960.89
0 0 0 0
advances
Loans and advances 63.5 185.6 1,101.16 960.89
[Abstract]
Loans and advances due by others 63.5 185.6 1,101.16 960.89
63.5 185.6 1,101.16 960.89
0 0 0 0
director

Other loans and advances, others
Classification of loans and advances [Axis]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Loans and advances, gross 194.7 77.67
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 194.7 77.67
ADVANCE ADVANCE
Nature of other loans and advances RECOVERABLE RECOVERABLE IN
IN CASH OR KIND CASH OR KIND
Details of loans and advances due by directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0
Loans and advances due by other officers 0 0
Loans and advances due by others 194.7 77.67
Total loans and advances due by directors, other officers or others 194.7 77.67
Details of loans and advances due by firms or companies in which any
director is partner or director [Abstract]
Total loans and advances due by firms or companies in which any director
0 0
is partner or director
84
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Secured 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 5,905.38 5,245.02 83.21 0
Allowance for bad and doubtful debts 83.21 0 83.21 0
Total trade receivables 5,822.17 5,245.02 0 0
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
Subclassification of trade receivables [Table] ..(2)

Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2017 31/03/2016
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 5,822.17 5,245.02
Allowance for bad and doubtful debts 0 0
Total trade receivables 5,822.17 5,245.02
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 5,822.17 5,245.02
Total trade receivables due by directors, other officers or others 5,822.17 5,245.02
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
0 0
director is partner or director
85
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 7,298.95 5,737.48 1,983.32 1,662.92
Valued at cost or net Valued at cost or net
Mode of valuation realizable value realizable value
whichever is lower. whichever is lower.

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 1,963.53 1,706.37 3,182.98 2,175.32
Valued at cost or net Valued at cost or net Valued at cost or net Valued at cost or net
Mode of valuation realizable value realizable value realizable value realizable value
whichever is lower. whichever is lower. whichever is lower. whichever is lower.

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 87.14 88.4 81.98 104.47
Valued at cost or net Valued at cost or net
Mode of valuation realizable value realizable value
whichever is lower. whichever is lower.
86

Classification of inventories [Axis] Scrap [Member] Other inventories, others [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 8.42 4.87 73.56 99.6
Valued at cost or net Valued at cost or net Valued at cost or net Valued at cost or net
Mode of valuation realizable value realizable value realizable value realizable value
whichever is lower. whichever is lower. whichever is lower. whichever is lower.
PACKING PACKING
Nature of other inventories MATERIAL MATERIAL

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 102.51 236.84
Total others, long-term 102.51 236.84
Total other long-term liabilities 102.51 236.84
Nature of other provisions PROVISION FOR INTEREST
Current maturities of long-term debt 315.82 131.15
Interest accrued but not due on borrowings 0 0
Interest accrued and due on borrowings 24.42 15.19
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
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Public deposit payable, current 0 0
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others 718.68 590.27
Total other current liabilities 1,058.92 736.61
Aggregate amount of trade receivables outstanding for period
0 0
exceeding six months
Fixed deposits with banks 684.12 97.47
Other balances with banks 553.31 97.73
Total balance with banks 1,237.43 195.2
Cheques, drafts on hand 21.44 179.14
Cash on hand 11.46 10.74
Total cash and cash equivalents 1,270.33 385.08
Total cash and bank balances 1,270.33 385.08
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
Unamortised premium of forward contracts 27.61 66.65
Interest receivable 1.41 16.1
Other current assets, others 151.92 98.63
Total other current assets 180.94 181.38
87
[200700] Notes - Additional disclosures on balance sheet
Details of shareholding pattern of promoters and public [Table] ..(1)

Promoters
Shareholding pattern of promoters and public [Axis]
[Member]
Classification based on nationality or origin [Axis] Indian [Member]
01/04/2015
to
31/03/2016
Additional balance sheet notes [Abstract]
Details of shareholding pattern of promoters and public [Abstract]
Details of shareholding pattern of promoters and public [LineItems]
Number of shares held by Indian [shares] 7,85,000
Percentage of shares held by Indian 72.96%
Number of shares held by body corporate [shares] 2,91,000
Percentage of shares held by body corporate 27.04%
Total number of shares [shares] 10,76,000

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of additional balance sheet notes explanatory [TextBlock]
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 0 0
Number of person share application money received during year 0 0
Number of person share application money paid as at end of year 0 0
Number of person share application money received as at end of year 0 0
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, Yes Yes
2014
If yes, Central Excise Tariff Act, heading in which product/
8413 8413
service is covered under cost records
Whether audit of cost records of company has been mandated
Yes Yes
under Rules specified in SN 1
If yes, Central Excise Tariff Act, heading in which product/
8413 8413
service is covered under cost audit
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Number of warrants converted into equity shares during period 0 0
Number of warrants converted into preference shares during period 0 0
Number of warrants converted into debentures during period 0 0
Number of warrants issued during period (in foreign currency) 0 0
Number of warrants issued during period (INR) 0 0
88
[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 (30)
changes in estimates explanatory [TextBlock] [See below]
89
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
1) Basis for Accounting
The Financial statements are prepared under the historical cost convention on an accrual basis of accounting in
accordance with the Generally Accepted Accounting Principles in India (Indian GAAP). The Company has prepared
Financial Statements to comply in all material respects with the Accounting Standards, specified under Sec. 133 of the
Companies Act, 2013 read together with Rule 7 of the Companies (Accounts) Rules, 2014.
2) Use of Estimates.
The preparation of financial statements requires the management to make estimates and assumptions that effect the
reported amounts of assets and liabilities (including contingent liabilities) as of the date of financial statements and the
reported income and expenses during the reported period. Difference between the actual results and estimates are
recognized in the period in which the results are known/materialized. The management believes that the estimates used
in preparation of the financial statements are prudent and reasonable. Future results could differ from these estimates.
3) Revenue Recognition
Sales include sales of manufactured and trading goods. Sales is exclusive of excise duty, trade discount, rate difference
a.
and sales tax.
b. Export benefits are recognised in the year of export.
Interest income is recogonised on a time proportion basis taking into account the amount outstanding and interest rate
c.
applicable.
4) Property, Plant & Equipments (PPE)
PPE include all expenditure of capital nature and are stated at cost (net of Cenvat, wherever applicable) less
a.
accumulated depreciation.
Depreciation on PPE is provided on written down value method over useful life of assets as prescribed in Part C of
b.
Schedule II to the Companies Act, 2013.
Depreciation on PPE purchased and sold during the year has been provided on the actual number of days for which
c.
assets remained in use.
d. PPE upto value of Rs.5000 are fully depreciated in the year of its acquisition.
e. Capital work in Progress are carried at cost, comprising direct cost, related incidental expenses and attributable interest.
5) Intangible Assets & Amortisation
90
Intangible asset (goodwill) that arose on amalgamation is amortised over the five years.
6) Impairment of Assets:
The carrying amount of assets are reviewed at each Balance Sheet date if there is any indication of impairment based on
internal / external factors. An impairment loss will be recognized wherever the carrying amount of an asset exceeds its
recoverable amount. The recoverable amount is greater of the assets net selling price and value in use. In assessing
value in use, the estimated future cash flows are discounted to the present value by using weighted average cost of
capital. A previously recognized impairment loss is further provided or reversed depending on changes in
circumstances.
7) Investments
Investments are classified into long term investments and current investments based on intent of management at the
a. time of making the investment. Investments, intended to be held for more than one year, are classified as long term
investments.
Current Investments are valued at lower of cost or fair value. Long-term investments are carried at cost unless there is
b.
dimunition other than temporary in nature, for which provision is made.
8) Borrowing Costs
Borrowing Costs attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of
such assets. All other borrowing costs are charged to revenue.
9) Inventories
Inventories of Stores, packing materials, raw materials, stock in process, finished goods and trading goods are valued at
cost or net realizable value whichever is lower. For this purpose cost is arrived at First in First out basis. Cost includes
expenditure including appropriate overheads wherever applicable incurred in the normal course of business in bringing
inventories to their location and condition. Stock of Scrap is valued at net realisable value.
Cost of Work-in-Progress is determined by considering raw material cost plus labour and overheads apportioned on an
estimated basis depending upon the stages of completion.
10) Foreign Currency Transactions
a. Transactions in foreign currency are recorded at the exchange rates prevailing at the time of the transactions.
Monetary items denominated in foreign currencies at the year end are restated at year end rates. In case of items which
are covered by forward exchange contracts, the difference between the year end rate and rate on the date of the
b.
contract is recognised as exchange difference and the premium paid on forward contracts is recognised over the life of
the contract.
The exchange difference arising on settlement / cancellation has been recognized in the statement of profit and loss.
c. Unsettled transactions as at the year end are translated at the closing rate and the gain or loss is recognized in the
Statement of Profit and Loss
11) Derivative Instruments and Hedge Accounting
91
The company uses foreign exchange forward contracts to hedge its exposure to fluctuation in foreign exchange rates.
The use of these foreign exchange forward contracts reduce the risk or cost to the Company and the Company does not
use the foreign exchange forward contracts for trading or speculation purposes.
12) Employee Benefits :
Post employment benefits under defined benefit plans are recognized as an expense in the statement of profit and loss
for the year in which the employee has rendered services. The expense is recognized at the present value of the amount
a.
payable towards contributions. The present value is determined using the market yields of government bonds, at the
balance sheet date, at the discounting rate.
Other long-term employee benefits are recognized as an expense in the statement of profit and loss for the period in
b. which the employee has rendered services. Estimated liability on account of long-term benefits is discounted to the
current value, using the yield on government bonds, as on the date of balance sheet, at the discounting rate.
Short term employee benefits and post employment benefits under defined contribution plans are recognized as an
c. expense at the undiscounted amount in the statement of profit and loss of the year in which the related services is
rendered.
Actuarial gains and losses in respect of post employment and other long-term benefits are charged to the statement of
d.
profit and loss.
13) Leases :
Leases are classified as operating leases where the lessor effectively retains substantially all the risks and benefits of
the ownership of the leased assets. Operating lease payments / provisions are recognised as expenses in the statement
of profit and loss as and when paid/provided.
14) Accounting for Taxes on Income :
Provision for current tax is made after taking into consideration benefits admissible under the provisions of the
a.
Income-tax Act, 1961.
Deferred tax resulting from "timing diffrence" between taxable and accounting income is accounted for using the tax
b. rates and laws that are enacted or substantively enacted as on the balance sheet date. Deferred tax assets is
recognised and carried forward only to the extent that there is a virtual certainty that the asset will be realised in future.
15) Provisions, Contingent Liabilites and contigent assets :
Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation
as a result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are not
recognized but are disclosed in the notes. Contingent Assets are neither recognized nor disclosed in the financial
statements.
16) Earnings per share:
(i) Basic earnings per share is calculated by dividing the net profit or loss for the year attributable to equity
shareholders(after deducting dividend on cumulative preference shares and attributable taxes) by the weighted average
92
number of equity shares outstanding during the year.
(ii) For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity
shareholders and the weighted average number of shares outstanding during the year are adjusted for the effects of all
dilutive potential equity shares.
17) Measurement of EBITDA:
As permitted by the Guidance Note on the Revised Schedule VI to the Companies Act, 1956 issued by ICAI, the
company 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 company measures EBITDA on the basis of profit/ (loss) from
continuing operations. In its measurement, the company does not include depreciation and amortization expense,
finance costs and tax expenses.
18) General
Accounting policies not specifically referred to above are consistent with generally accepted accounting principles.
[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
[201200] Notes - Employee benefits

01/04/2016
to
31/03/2017
Disclosure of employee benefits explanatory [TextBlock] [See below]
93
Disclosure of employee benefits explanatory [Text Block]

Employee Benefits :
Post employment benefits under defined benefit plans are recognized as an expense in the statement of profit and loss for the
year in which the employee has rendered services. The expense is recognized at the present value of the amount payable
a.
towards contributions. The present value is determined using the market yields of government bonds, at the balance sheet
date, at the discounting rate.
Other long-term employee benefits are recognized as an expense in the statement of profit and loss for the period in which the
b. employee has rendered services. Estimated liability on account of long-term benefits is discounted to the current value, using
the yield on government bonds, as on the date of balance sheet, at the discounting rate.
Short term employee benefits and post employment benefits under defined contribution plans are recognized as an expense
c.
at the undiscounted amount in the statement of profit and loss of the year in which the related services is rendered.
Actuarial gains and losses in respect of post employment and other long-term benefits are charged to the statement of profit
d.
and loss.
94
[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]
Disclosure of relationship and
transactions between
related parties [LineItems]
LA -GAJJAR PUMPS LA -GAJJAR PUMPS LAKOM ELECTRICALS LAKOM ELECTRICALS
Name of related party PRIVATE LIMITED PRIVATE LIMITED PVT LTD PVT LTD
Country of incorporation or residence
of related INDIA INDIA INDIA INDIA
party
Permanent account number of related
AAACL3277B AAACL3277B AAACL2710P AAACL2710P
party
CIN of related party U29120GJ1997PTC033200 U29120GJ1997PTC033200 U31909GJ1983PTC006585 U31909GJ1983PTC006585
Enterprises which are Enterprises which are owned,
owned, or have significant or have significant influence
Description of nature of related party
influence of or are partners Others of or are partners with Key Others
relationship with Key management management personnel and
personnel and their relatives their relatives
Description of nature of transactions
Sale, Purchase, Service Sale, Purchase, Service Sale, Purchase, Sharing of Sale, Purchase, Sharing of
with related charges charges Promotion Promotion
party
Related party transactions [Abstract]
Purchases of goods related party
1,883.26 2,100.97 33 26.12
transactions
Revenue from sale of goods related
party 0.07 0.67 2,555.57 2,827.04
transactions
Revenue from rendering of services
related 0 0.84
party transactions
Other related party transactions
16.87 0 67.35 67.67
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
of debts due from related parties
Amount written back during period in
respect 0 0 0 0
of debts due to related parties
95

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
Disclosure of relationship and transactions
between
TRANSCORE
ORION APPLIANCE ORION APPLIANCE T R A N S C O R E
Name of related party PRIVATE LIMITED PRIVATE LIMITED TECHNOLOGIES LLP
TECHNOLOGIES
LLP
related INDIA INDIA INDIA INDIA
party
Permanent account number of related party AAACO4179K AAACO4179K AAJFT3995Q AAJFT3995Q
CIN of related party U52334GJ2001PTC039555 U52334GJ2001PTC039555
Enterprises which are
Enterprises which are owned,
owned, or have significant
or have significant influence
Description of nature of related party influence of or are partners
of or are partners with Key Others Others
relationship with Key management
management personnel and
personnel and their
their relatives
relatives
Description of nature of transactions with
Sale, Service charges, Other Sale, Service charges, Sale, Service
related Income Other Income
Sale, Service charges
charges
party
Revenue from sale of goods related party
0 0.68 0.12 0.13
transactions
Purchases of tangible assets related party
0.65 0
transactions
Sales of tangible assets related party
0.24 0
transactions
Revenue from rendering of services related
0 0.09 0 0.23
party transactions
Other related party transactions expense 1.21 0
Other related party transactions income 0 0.15
Transaction relating to key management
personnel
[Abstract]
Remuneration for key managerial personnel 0 0 0 0
Amount written off during period in respect
0 0 0 0
Amount written back during period in respect
0 0 0 0
96

Categories of related parties [Axis] 5 6 7
01/04/2016 01/04/2015 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2017
Disclosure of relationship and transactions between
Disclosure of relationship and transactions between
VARUN VARUN
KASOVA VENTURES
Name of related party UDAYANBHAI UDAYANBHAI
PRIVATE LIMITED
UDAYAN GAJJAR
GAJJAR GAJJAR
Country of incorporation or residence of related
party
Permanent account number of related party AKAPG6348P AKAPG6348P AAXPG1064H
CIN of related party U74999GJ2016PTC094614
Enterprises which are
owned, or have significant
Relatives of Key Relatives of Key
influence of or are partners Key Management
Description of nature of related party relationship management management
with Key management Personnel
personnel personnel
personnel and their
relatives
Description of nature of transactions with related
Salary Salary Other Income Remuneration
party
Other related party transactions income,
0.12%
percentage
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 1 12 0 520
Amount written off during period in respect
0 0 0 0
Amount written back during period in respect
0 0 0 0

01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Disclosure of relationship and transactions between related parties [Abstract]
Disclosure of relationship and transactions between related parties [LineItems]
Name of related party BANSI GAJJAR DILIP THAKKAR
Country of incorporation or residence of related party INDIA INDIA
Permanent account number of related party ADKPG9295Q ACAPT7225L
Key Management Key Management
Description of nature of related party relationship Personnel Personnel
Description of nature of transactions with related party Remuneration Remuneration
Transaction relating to key management personnel [Abstract]
Remuneration for key managerial personnel 16.4 50
Amount written off during period in respect of debts due from related parties 0 0
Amount written back during period in respect of debts due to related parties 0 0

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of notes on related party explanatory [TextBlock]
Whether there are any related party transactions during year Yes Yes
Whether company is subsidiary company No No
97
[201400] Notes - Leases

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of leases explanatory [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa
[300300] Notes - Earnings per share

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of earnings per share explanatory [TextBlock]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Profit (loss) for period 682.97 534.26
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Profit (loss) for period 682.97 534.26
[202800] Notes - Subsidiary information

01/04/2016
to
31/03/2017
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies No
Number of subsidiary companies 0
Whether company has subsidiary companies which are yet to commence
No
operations
Whether company has subsidiary companies liquidated or sold during year No
[202400] Notes - Investments in associates

01/04/2016
to
31/03/2017
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates No
Whether company has associates which are yet to commence operations No
98
[202500] Notes - Financial reporting of interests in joint ventures

01/04/2016
to
31/03/2017
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures No
Whether company has joint ventures which are yet to commence operations No
Whether company has joint ventures liquidated or sold during year No
[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 595.79 297.19 224.28
Other differences to cash and cash equivalents in statement of cash
-674.54 -87.89
flows
Total cash and cash equivalents 1,270.33 385.08
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 322.02 264.71
Total income taxes paid (refund) 322.02 264.71
99
[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 39,284.63 31,429.8
Revenue from sale of services 0 0
Total revenue from operations other than finance company 39,284.63 31,429.8
Total revenue from operations 39,284.63 31,429.8
Other income 510.35 298.52
Total revenue 39,794.98 31,728.32
Expenses [Abstract]
Cost of materials consumed 21,203.15 15,660.39
Purchases of stock-in-trade 3,548.39 3,813.68
Changes in inventories of finished goods, work-in-progress and
-1,215.54 -205.51
stock-in-trade
Employee benefit expense 2,346.13 1,969.85
Finance costs 654.35 517.58
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 550.77 499.52
Total depreciation, depletion and amortisation expense 550.77 499.52
CSR expenditure 3.98 0
Other expenses 11,889.2 8,651.47
Total expenses 38,980.43 30,906.98
Total profit before prior period items, exceptional items, extraordinary
814.55 821.34
items and tax
Total profit before extraordinary items and tax 814.55 821.34
Total profit before tax 814.55 821.34
Tax expense [Abstract]
Current tax 141.56 310.79
Deferred tax -9.98 -23.71
Total tax expense 131.58 287.08
Total profit (loss) for period from continuing operations 682.97 534.26
Profit (loss) from discontinuing operations before tax 0 0
Tax expense of discontinuing operations 0 0
Total profit (loss) for period before minority interest 682.97 534.26
Profit (loss) of minority interest 0 0
Total profit (loss) for period 682.97 534.26
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] 63.47 [INR/shares] 49.65
Diluted earnings per equity share [INR/shares] 63.47 [INR/shares] 49.65
100
[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 39,284.63 31,429.8
Total revenue from sale of products 39,284.63 31,429.8
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Total revenue from sale of services 0 0
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 14.72 16.21
Interest on other current investments 207.64 64.14
Total interest income on current investments 222.36 80.35
Total interest income 222.36 80.35
Dividend income [Abstract]
Total dividend income 0 0
Rental income on investment property [Abstract]
Rental income on investment property, current 0.12 0
Total rental income on investment property 0.12 0
Other non-operating income [Abstract]
Net gain/loss on foreign currency fluctuations treated as other
69.49 62.02
income
Surplus on disposal, discard, demolishment and destruction of
6.11 11.71
depreciable tangible asset
Income export incentives 187.06 126.43
Excess provisions written back 0 8.06
Miscellaneous other non-operating income 25.21 9.95
Total other non-operating income 287.87 218.17
Total other income 510.35 298.52
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense borrowings 654.35 517.58
Total interest expense 654.35 517.58
Total finance costs 654.35 517.58
Employee benefit expense [Abstract]
Salaries and wages 1,577.58 1,397.74
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 586.4 413.9
Total remuneration to directors 586.4 413.9
Total managerial remuneration 586.4 413.9
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 123.35 96.3
Total contribution to provident and other funds 123.35 96.3
Staff welfare expense 58.8 61.91
Total employee benefit expense 2,346.13 1,969.85
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 423.9 273.91
Power and fuel 0 0
Rent 175.59 143.99
Repairs to building 52.99 65.86
Repairs to machinery 65.25 64.49
Insurance 49.18 31.04
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 91.33 101.6
101
Total rates and taxes excluding taxes on income 91.33 101.6

Electricity expenses 177.74 173.21
Telephone postage 48.73 48.49
Printing stationery 19.75 18.86
Travelling conveyance 417.89 305.83
Legal professional charges 246.35 88.01
Vehicle running expenses 70 58.97
Directors sitting fees 0 0
Bank charges 53.35 18.4
Advertising promotional expenses 1,105.64 808.26
Secondary packing expenses 1,105.11 880.94
Discounting charges 1,457.45 1,024.12
Cost repairs maintenance other assets 346.58 277.25
Cost transportation [Abstract]
Cost freight 978.58 805.11
Total cost transportation 978.58 805.11
Provision bad doubtful debts created 0 0
Provision bad doubtful loans advances created 0 0
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off 0 0
Bad debts written off 136.79 11.14
Bad debts advances written off 0 0
Total write-off assets 136.79 11.14
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
0 0
tangible asset
Contract cost [Abstract]
Cost design technical assistance contracts 15.74 21.27
Total contract cost 15.74 21.27
Payments to auditor [Abstract]
Payment for audit services 2.5 2.5
Payment for taxation matters 0 0.5
Total payments to auditor 2.5 3
Miscellaneous expenses 4,848.76 3,427.72
Total other expenses 11,889.2 8,651.47
Current tax [Abstract]
Current tax pertaining to previous years -163.44 5.79
Current tax pertaining to current year 305 305
Total current tax 141.56 310.79
102
[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]
Changes in inventories of finished goods -1,007.66 -246.29
Changes in inventories of work-in-progress -257.16 23.72
Changes in inventories of stock-in-trade 49.28 17.06
Total changes in inventories of finished goods, work-in-progress and
-1,215.54 -205.51
stock-in-trade
Value of imports of raw materials 214.15 203.89
Value of imports of capital goods 116.75 0
Total value of imports calculated on CIF basis 330.9 203.89
Expenditure on professional and consultation fees 57.05 12.23
Expenditure on other matters 37.26 39.38
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 94.31 51.61
Total amount of dividend remitted in foreign currency 0 0
FOB value of manufactured goods exported 4,517.24 3,214.15
FOB value of traded goods exported 4,517.24 3,214.15
Total earnings on export of goods calculated on FOB basis 9,034.48 6,428.3
Total earnings in foreign currency 9,034.48 6,428.3
Domestic sale manufactured goods 33,760.57 26,117.66
Domestic sale traded goods 5,524.06 5,312.14
Total domestic turnover goods, gross 39,284.63 31,429.8
Total revenue from sale of products 39,284.63 31,429.8
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
[300100] Notes - Revenue

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

Revenue Recognition:
Sales include sales of manufactured and trading goods. Sales is exclusive of excise duty, trade discount, rate difference and sales tax.
Export benefits are recognised in the year of export.
Interest income is recogonised on a time proportion basis taking into account the amount outstanding and interest rate applicable.
103
[300700] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Key managerial personnels and directors [Axis] 1 2 3
01/04/2016 01/04/2016 01/04/2016
to to to
31/03/2017 31/03/2017 31/03/2017
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors [Abstract]
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[LineItems]
UDAYANBHAI BANSIBHAI DILIPKUMAR
Name of key managerial personnel or director LALJIBHAI POONAMCHAND VIJAYKUMAR
GAJJAR GAJJAR THAKKAR
Director identification number of key managerial personnel or
00464019 00464056 01479315
director
Date of birth of key managerial personnel or director 22/11/1961 12/05/1945 05/02/1976
Designation of key managerial personnel or director Managing Director Director Director
Qualification of key managerial personnel or director Qualified Qualified Qualified
Shares held by key managerial personnel or director [shares] 7,85,000 [shares] 0 [shares] 0
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Salary key managerial personnel or director 520 16.4 50
Gross salary to key managerial personnel or director 520 16.4 50
Total key managerial personnel or director remuneration 520 16.4 50
[301000] Notes - Corporate social responsibility
Classification of CSR spending [Table] ..(1)

Classification of CSR spending [Axis] 1 2
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Disclosure of CSR spending [Abstract]
Details of CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [LineItems]
K. C. Mahindra Apang Manav
CSR project or activity identified Education Trust Mandal
Sector in which project is covered Education Special education
Name of state or union territory where projects or programs was undertaken Gujarat Gujarat
Name of district where projects or programs was undertaken AHMEDABAD AHMEDABAD
Budget amount outlay project or program wise 0 0
Amount spent on projects or programs [Abstract]
Direct expenditure on projects or programs 2.17 1.81
Total amount spent on projects or programs 2.17 1.81
Mode of amount spent Directly by company Directly by company
104
Disclosure of net profits for last three financial years [Table] ..(1)
Financial year 1 Financial year 2 Financial year 3
Net profits for last three financial years [Axis]
[Member] [Member] [Member]
01/04/2016 01/04/2016 01/04/2016
to to to
31/03/2017 31/03/2017 31/03/2017
Disclosure of net profits for last three financial years [Abstract]
Disclosure of net profits for last three financial years [LineItems]
Description of financial year 2015-16 2014-15 2013-14
Profit before tax of financial year 821.34 345.53 439.81
Net profit computed u/s 198 and adjusted as per rule 2(1)(f)
821.34 345.53 439.81
of Companies (CSR Policy) Rules, 2014

01/04/2016
to
31/03/2017
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
Yes
company
Members
of Corporate social
responsibility
Committee (CSR)
/ >
Disclosure of composition of CSR committee [TextBlock] 1. Udayan L.
G a j j a r
2 . B a n s i
G a j j a r
3 . D i l i p
Thakkar
Whether company has written CSR policy Yes
Details CSR policy [TextBlock] [See below]
Average net profit for last three financial years 535.56
Prescribed CSR expenditure 10.71
Amount CSR to be spent for financial year 10.71
Amount CSR spent for financial year 3.98
Amount unspent CSR 6.73
Details CSR policy [Text Block]

CORPORATE SOCIAL RESPONSIBILITY:
Pursuant to Section 135 of the Companies Act, 2013, the Company has constituted Corporate Social Responsibility Committee, interalia, to
formulate and recommend to the Board of Directors, a Corporate Social Responsibility (CSR) Policy indicating activities to be undertaken by the
Company in compliance with provisions of the Companies Act, 2013 and rules made thereunder, to recommend the amount of expenditure to be
incurred on the CSR activities and to monitor the implementation of the CSR Policy of the Company from time to time.
Your Company has taken remarkable initiatives in the field of CSR activities, during the year under review. A brief outline of the Company’s
CSR policy, including overview of projects or programs is furnished in Annexure 2 to the Directors’ Reportand attached to this report. CSR
committee are regularly meet for above purpose. Further, Company has used partly amount for CSR activities during the year 2016-2017 and
management are in process to use entire CSR amount as calculated as per section 198 of the Companies Act in the next financial year.
105

FY&#39;17

Uploaded by

Document Information

Original Description:

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

FY&#39;17

Uploaded by

Copyright:

Available Formats

LA-GAJJAR MACHINERIS PRIVATE LIMITED

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

[400100] Disclosure of general information about company

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

[400400] Disclosures - Directors report

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

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

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

Details of indebtedness of company [Table] ..(2)

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

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

Unless otherwise specified, all monetary values are in Lakhs of INR

Disclosure of appointment and remuneration of managerial personnels Textual information (16)

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

FINANCIAL SUMMARY / HIGHLIGHT:

PARTICULARS 2016-2017 2015-2016

Net Revenue From Operation 39,284.63 31,429.80

Other Income 510.35 298.52

Total Revenue 39,794.98 31,728.32

Operating & Other Expenses 37,775.31 29,889.88

Profit Before Depreciation, Interest and Tax 2,019.67 1,838.44

Finance Cost 654.35 517.58

Depreciation and Amortization Expenses 550.77 499.52

Profit Before Tax 814.55 821.34

Tax Expenses 305.00 305.00

Profit After Tax 509.55 516.35

Prior Year Adjustments (173.42) (17.92)

Balance Brought Forward 00 00

Profit Available for Appropriation 682.97 534.26

Amount Transferred to General Reserves 00 50.00

Proposed Dividend on preference shares 00 00

Provision for Tax on Dividend 00 00

Balance Carried to P&L A/c. in Balance Sheet 4,373.57 3,690.60

REVIEW OF OPREATIONS AND FUTURE PROSPECTS:

Over 8 decades of engineering expertise

DIVIDEND & RESERVES:

TRANSFER OF UNPAID / UNCLAIMED DIVIDEND:

Further during the year:-

A) Issue of equity shares with differential rights.

B) Issue of sweat equity shares

C) Issue of employee stock options

E) Issue of Bonus Shares

F) Issue of Preference Shares-

CHANGES IN DIRECTORS AND KEY MANAGERIAL PERSONNEL:

UDAYAN L. GAJJAR CHAIRMAN & MANAGING DIRECTOR

NUMBER OF METINGS OF THE BOARD OF DIRECTORS:

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS BY COMPANY:

RELATED PARTY TRANSACTIONS:

PARTICULARS OF EMPLOYEES / DIRECTORS:

designation of the employee- Managing Director

CLARIFICATION BY DIRECTOR ON RESERVATION, QUALIFICATION, EXPLANATION, COMMENTS, ADVERSE REMARKS OR

CHANGE IN THE NATURE OF BUSINESS, IF ANY:

SUBSIDIARIES / JOINT VENTURES / ASSOCIATE COMPANIES:

CORPORATE SOCIAL RESPONSIBILITY:

INSURANCE AND PROTECTION OF ASSETS:

HUMAN RESOURCE DEVELOPMENT:

DIRECTORS RESPONSIBILITY STATEMENT:

EXTRACT OF ANNUAL RETURN:

STATEMENT INDICATING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY:

(A) Conservation of Energy:-

1. Power Consumption :- Rs. 177.74 Lacs

2. Fuel Consumption :- N.A.

FY'17

FY'17