Raam Autobahn India Private Limited

Survey No. 176/2 & 176/3, Ist floor, Sripathi Venkata Rao Mansion,
Tadbund Cross Road, Bowenpally, Secunderabad - 500 009, Telangana
Balance Sheet as at 31st March 2020
Amount in Rs. Amount in Rs.
Particulars As at As at
Note No.
31 st March 2020 31 st March 2019
A Equity and Liabilities
1 Share Holder's Funds
(a) Share Capital 1 14,71,00,000 14,71,00,000
(b) Reserves & Surplus 2 (30,11,505) (2,62,91,490)
(c) Money received against Share Warrants
2 Share Application Money pending allotment
Share Application Money pending allotment - -

3 Non-Current Liabilities
(a) Long-Term Borrowings 3 45,35,23,702 48,25,53,633
(b) Differed Tax Liabilities (Net) 4 3,44,66,068 2,80,72,292
(c) Other Long-Term Liabilities - -
(d) Long-term Provisions - -

4 Current Liabilities
(a) Short-Term Borrowings 5 65,28,59,897 70,81,86,763
(b) Trade Payables 6 2,28,26,151 53,87,590
(c) Other Current Liabilities 7 1,78,17,027 1,16,90,539
(d) Short-Term Provisions 8 50,26,609 61,37,361

Total (A) 1,33,06,07,949 1,36,28,36,689

B Assets
1 Non-Current Assets
(a) Fixed Assets
(i) Tangible assets 9 54,01,88,578 53,81,49,002
(ii) Intangible assets 10 3,82,289 5,73,432
(iii) Capital Work in Progress 50,57,263
(b) Non Current Investments - -
(c) Differed tax assets (Net) - -
(d) Long term Loans & Advances - -
(e) Other non Current Assets 11 2,52,70,266 2,44,90,943
2 Current Assets
(a) Current Investments - -
(b) Inventories 12 45,49,23,822 45,73,15,050
(c) Trade Receivables 13 10,99,08,144 11,43,04,415
(d) Cash & Cash Equivalents 14 1,55,08,396 1,69,90,902
(e) Short-Term Loans & Advances 15 1,22,30,332 3,02,20,363
(f) Other Current Assets 16 17,21,96,123 17,57,35,319
Total (B) 1,33,06,07,949 1,36,28,36,689
Note : The Accounting Policies and Notes referred to above form an integral part of the Balance Sheet.
Digitally signed by
for Raam Autobahn India Private Limited
SHIVA KUMAR SHIVA KUMAR KAPARTI NALLA AMITH Digitally signed by NALLA
AMITH REDDY
KAPARTI Date: 2021.01.18
18:32:21 +05'30' REDDY Date: 2021.01.18 18:32:58
+05'30'

Place : Hyderabad Nalla Amith Reddy Nalla Rashmi Reddy

Date: Director Director
 DIN:02567345 DIN:02917471
Raam Autobahn India Private Limited
Survey No. 176/2 & 176/3,
Tadbund Cross Road, Bowenpally,
Secunderabad - 500 009, Telangana
Statement of Profit & Loss for the period from 1st April 2019 to 31st March 2020

Particulars Note No. As on Year ended

31 st March 2020 31 st March 2019

I Revenue from Operations 17 2,29,53,17,322 2,25,00,39,217

II Other Income 18 5,90,50,324 2,92,91,824

III Total Revenue (I+II) 2,35,43,67,646 2,27,93,31,041

IV Expenses:
Purchases of Stock-in-Trade 19 2,03,08,71,940 1,99,02,49,301
Changes in inventories 20 23,91,228 (9,51,12,639)
Other Direct Costs 21 1,35,33,789 83,60,200
Employee Costs 22 7,18,51,024 11,95,09,093
Selling & Distributions Costs 23 1,68,61,864 2,73,74,873
Administrative Costs 24 6,56,90,278 8,17,67,685
Finance Costs 25 9,10,23,649 11,48,34,906
Depreciation 10 2,65,24,533 2,38,39,863

Total Expenses 2,31,87,48,306 2,27,08,23,281

V Profit before exceptional and extraordinary items and tax (III-IV) 3,56,19,341 85,07,760
VI Exceptional Items -
VII Profit before extraordinary items and tax (V - VI) 3,56,19,341 85,07,760
VIII Extraordinary Items -
IX Profit before tax (VII - VIII) 3,56,19,341 85,07,760
X Tax expense:
(1) Current tax 59,45,579 16,36,898
(2) Deferred tax 63,93,776 93,80,743
XI Profit(Loss) from the period from Continuing Operations (IX-X) 2,32,79,985 (25,09,881)
XII Profit/(Loss) from Discontinuing Operations - -
XIII Tax expense of Discounting Operations - -
XIV Profit/(Loss) from Discontinuing Operations (XII - XIII) - -
XV Profit/(Loss) for the Period (XI + XIV) 2,32,79,985 (25,09,881)
XVI Earning per Equity Share:
(1) Basic 1.58 (0.17)
(2) Diluted 1.58 (0.17)
Note : The Accounting Policies and Notes referred to above form an integral part of the Profit and Loss Account.
for Raam Autobahn India Private Limited
SHIVA Digitally signed by
SHIVA KUMAR KAPARTI
KUMAR Date: 2021.01.18
Digitally signed by
NALLA AMITH NALLA AMITH REDDY
KAPARTI 18:33:16 +05'30' REDDY Date: 2021.01.18 18:33:46
+05'30'

Place : Hyderabad Nalla Amith Reddy Nalla Rashmi Reddy

Date: Director Director
DIN:02567345 DIN:02917471
Raam Autobahn India Private Limited
Survey No. 176/2 & 176/3,
Tadbund Cross Road, Bowenpally,
Secunderabad - 500 009, Telangana
Notes to Balance Sheet as at 31st March 2020 Amount in Rs. Amount in Rs.
Note As on As on
Particulars
No. 31st March 2020 31st March 2019

1 Share Capital
Authorised Share Capital
150,00,000 Equity shares of Rs. 10/- each 15,00,00,000 15,00,00,000
Issued, Subscribed & Paid-up
12,71,000 Equity shares of Rs. 10/- each 14,71,00,000 14,71,00,000
(i) Reconciliation of Shares at the beginning and ending of reporting period
As at 31st March 2020 As at 31st Mar 2019
Equity Shares
Number Amount in' Number Amount in'
At the beginning of the year 1,47,10,000 14,71,00,000 1,27,10,000 12,71,00,000
Allotted during the year - 20,00,000 2,00,00,000
At the end of the year 1,47,10,000 14,71,00,000 1,47,10,000 14,71,00,000

(ii) Rights, preferences and restrictions attached to equity shares.

The Company has one class of equity shares having a par value of Rs.10/-. Each
Shareholder is eligible for one vote for share held in the company. The dividend
proposed by the board of directors is subject to the approval of the share holders
in the ensuing annual general meeting, except in the case of interim dividend. In the
event of liquidation the equity shareholders are eligible to receive the remaining
assets of the company in proportion to their shareholding.

(iii) Details of shareholdings more than 5% shares in the company

As at 31st Mar 2020 As at 31st Mar 2019
Equity Shares of Rs.10/-
% of
fully paid up No.of Shares No.of Shares % of Holding
Holding
N.Amith Reddy 1,46,15,000 99.35 1,46,15,000 99.35
N.Rashmi Reddy 95,000 0.65 95,000 0.65
Total 1,47,10,000 100 1,47,10,000 100
Total 14,71,00,000 14,71,00,000
2 Reserves & Surplus
Opening Balance (2,62,91,490) (2,37,81,609)
Add : Profit / Loss for the year 2,32,79,985 (25,09,881)

Total (30,11,505) (2,62,91,490)

3 Long-term Borrowings
Infra Term Loan from YES Bank Ltd 26,17,05,008 29,46,90,954
Working Captial Term Loan from YES Bank Ltd 9,18,98,168 10,68,26,264
Other Long term Borrowings 6,10,88,112 5,24,41,839
Vehicle Loans - DFS 2,12,49,527 2,65,47,843
Vehicle Loans 1,75,82,887 20,46,733
Total 45,35,23,702 48,25,53,633
4 Deferred Tax Liability
Depreciation as per Companies Act 2,65,24,533 2,38,39,863
Depreciation as per per Income tax Act 5,11,15,980 5,39,06,348
Timing Difference 2,45,91,447 3,00,66,485
Deferred Tax for Current Year 63,93,776 93,80,743
Carried forward from previous year 2,80,72,292 1,86,91,549
Deferred Tax Liability 3,44,66,068 2,80,72,292
Raam Autobahn India Private Limited
Continuation of Notes to Balance Sheet as at 31st March 2020
Note As on As on
Particulars
No. 31st March 2020 31st March 2019

5 Short-term Borrowings
Inventory Fund Facility from Daimler Finance Limited 54,32,81,802 54,80,47,162
Working Capital Loans 10,95,78,094 16,01,39,601

Total 65,28,59,897 70,81,86,763

6 Trade Payables
Creditors for Trade 1,30,12,881 1,39,318
Creditors for Expenses & Others 98,13,270 52,48,273

Total 2,28,26,151 53,87,590

7 Other Current Liabilities
TDS Payable 23,88,603 18,01,112
TCS Payable 69,06,906 27,17,091
Advances from Employees - -
Profession Tax Payable 23,000 23,400
Provident Fund Payable 5,03,361 4,17,472
ESI Payable 36,834 74,759
Employees Earned Leave Encashment Plan 3,57,958 4,02,827
Gratuity Plan Valuation for Employees 9,31,344 12,57,112
Other Payables 7,23,442 6,59,500
Income Tax provision 59,45,579 16,36,898
Total 1,78,17,027 1,16,90,539
8 Short-term Provisions
Salaries Payable 42,25,108 46,24,747
Commission Payable - -
Incentives Payable 1,14,593 8,91,268
Other provisions 3,86,908 2,97,346
Audit Fee Payable 3,00,000 3,24,000

Total 50,26,609 61,37,361

10 Preliminary & Pre-operative Expenses (Miscellaneous Expenditure - Asset)
Opening Balance 5,73,432 7,64,575
Add : Additions during the year
5,73,432 7,64,575
Less : Capitalised
5,73,432 7,64,575
Less : Written-off during the year (1/5th) 1,91,143 1,91,143
Total 3,82,289 5,73,432
11 Other Non-Current Assets
Rent Deposits 1,44,64,400 1,42,97,400
Electricity Deposits 11,68,469 10,47,543
Security Deposit 52,25,000 50,00,000
Fixed Deposit 42,83,397 40,00,000
Other Deposits 1,29,000 1,46,000

Total 2,52,70,266 2,44,90,943

12 Inventories
Stock of New Cars 39,41,13,961 39,62,53,012
Stock of Spares & Accessories 6,08,09,861 6,10,62,038

Total 45,49,23,822 45,73,15,050

Raam Autobahn India Private Limited

Continuation of Notes to Balance Sheet as at 31st March 2020

Note As on As on
Particulars
No. 31st March 2020 31st March 2019

13 Trade Receivables
Accounts Receivables 3,78,63,614 2,81,82,481
Claims Receivable 7,20,44,529 8,61,21,934

Total 10,99,08,144 11,43,04,415

14 Cash & Cash Equivalents
Cash on Hand 12,30,015 4,50,732
Cash at Banks 1,42,78,381 1,65,40,170

Total 1,55,08,396 1,69,90,902

15 Short-term Loans & Advances
Advances for Supplies & Services 32,18,423 33,60,206
Advances for Expenses 4,40,309 1,54,919
Advances to Staff 5,71,600 7,05,238
Advances for Land 80,00,000 2,60,00,000
Total 1,22,30,332 3,02,20,363
16 Other Current Assets
Income Tax TDS 37,35,297 27,92,216
Income Tax refund receivable 19,58,038 23,28,820
Advance Tax 2,00,000 8,00,000
Income Tax TCS 3,71,972 -
GST ITC 16,11,34,189 16,29,25,317
TDS Receivable from NBFC 17,94,801 18,30,363
Prepaid Expenses 30,01,826 50,58,604
17,21,96,123 17,57,35,319

for Raam Autobahn India Private Limited

Place : Hyderabad Nalla Amith Reddy Nalla Rashmi Reddy

Date: Director Director
DIN:02567345 DIN:02917471
Raam Autobahn India Private Limited
Survey No. 176/2 & 176/3,
Tadbund Cross Road, Bowenpally,
Secunderabad - 500 009, Telangana

Notes to Profit & Loss Account for the period from 1st April 2019 to 31st March 2020
Note As on As on
Particulars
No. 31st March 2020 31st March 2019

18 Sales Revenue
Sale of New Cars 1,84,17,18,364 1,87,30,85,930
Sale of Spare Parts, Accessories etc., 27,94,05,383 21,77,12,133
Service Income 8,91,38,287 6,87,74,308
Sale of VAS [Warranty, RSA etc.,] 8,50,55,287 9,04,66,846

Total 2,29,53,17,322 2,25,00,39,217

19 Other Income
Finance Commission 1,96,74,593 81,75,804
Income from Insurance Business 79,42,112 60,93,260
Incentives from Vendors 3,40,721 8,00,034
Income via Handling Charges 2,58,37,849 1,34,28,607
Income from POC Business 9,76,183 -
Sale of Scrap 7,87,568 5,69,119
Other Operating Income 18,31,715 2,25,000
Interest Income 7,59,583
Rental Income 9,00,000 -

Total 5,90,50,324 2,92,91,824

20 Purchases
Purchase of New Cars 1,74,28,09,190 1,76,03,59,015
Purchase of Spare Parts, Accessories etc., 28,80,62,751 22,98,90,286

Total 2,03,08,71,940 1,99,02,49,301

21 Increase / Decrease in Inventory
Opening Stock of New Cars 39,62,53,012 32,44,69,153
Closing Stock of New Cars 39,41,13,961 39,62,53,012
Increase / Decrease 21,39,051 (7,17,83,859)
Opening Stock of Spare Parts, Accessories etc., 6,10,62,038 3,77,33,258
Closing Stock of Spare Parts, Accessories etc., 6,08,09,861 6,10,62,038
Increase / Decrease 2,52,177 (2,33,28,780)
Total 23,91,228 (9,51,12,639)

22 Direct Costs
Workshop Expenses 72,74,082 47,36,045
Other Direct Expences 56,88,430 33,07,688
Pre-owned Cars Expenses 5,71,277 3,16,468

Total 1,35,33,789 83,60,200

23 Personnel Costs
Salaries to Staff 6,37,64,659 10,72,16,625
Employee Stat benefits 34,59,254 41,18,550
Man Power Recruitment Costs 14,46,299 2,34,418
Uniforms & Workwear 11,72,985 8,67,229
Medical Insurance 5,35,747 23,47,451
Stipends 25,040 9,61,253
Trainings 2,200 17,39,551
Staff Welfare/others 14,44,840 20,24,017

Total 7,18,51,024 11,95,09,093

Raam Autobahn India Private Limited
Notes to Profit & Loss Account for the period from 1st April 2017 to 31st March 2020
Note As on As on
Particulars
No. 31st March 2020 31st March 2019

24 Selling & Distribution Costs

Sales Promotion 58,24,126 61,84,697
Marketing Expenses 56,81,180 51,68,064
Advertisements 12,08,059 84,26,428
Transportation 1,27,692 7,157
Demo Car Expenses 2,22,282 2,78,238
New Car Delivery Expenses 37,98,525 73,10,288

Total 1,68,61,864 2,73,74,873

25 Administrative Costs
Audit Fee 3,45,000 3,00,000
Communication & IT Costs 31,88,515 27,87,119
Rates & Taxes 28,80,215 98,75,724
Rents 2,86,81,023 2,61,84,891
Repairs & Maintenance 9,70,260 9,46,209
Travel & Conveyance 62,11,503 66,75,466
Consultancy - 67,71,760
Power, Water & Fuel 57,85,205 54,20,555
Food & Beverages 6,19,980 10,25,762
House Keeping Charges 20,50,248 40,63,903
Insurance 63,05,058 49,38,740
Legal & Professional Fees 7,74,036 5,64,000
Miscellaneous Expenses 28,155 2,15,229
Office Expenses 36,802 33,834
Postage & Courier 2,75,606 1,51,979
Printing & Stationery 4,86,527 12,54,189
Contract Driver Charges - 4,05,532
Security Service Charges 17,78,294 21,56,235
Showroom Maintenance 11,58,481 19,04,775
Workshop Maintenance 11,23,015 25,42,136
Vehicle Maintenance 19,27,989 20,76,093
Donation - 1,00,000
Preliminery expenses written off exp 1,91,143 1,91,143
Loss from sale of POC - 27,867
Loss from sale of Fixed asets - 1,30,212
Loss from sale of Courtesy cars 3,60,390 10,24,331
Additional Discounts 5,12,834 -
Total 6,56,90,278 8,17,67,685
26 Finance Costs
Interest on Term Loans 2,84,01,478 2,83,55,175
Interest on Inventory Fund from Daimler Financial Services 2,98,97,142 4,23,31,168
Interest on CC Limits 39,40,472 56,47,954
Interest on Loans 2,63,64,319 3,01,91,192
Interest to Vendors & Others 2,53,172 27,29,876
Loan Processing Charges & Bank Charges 21,04,727 10,94,239
Pre Closure Charges 62,339 44,85,302
Total 9,10,23,649 11,48,34,906

for Raam Autobahn India Private Limited

NALLA AMITH Digitally signed by NALLA
AMITH REDDY

REDDY Date: 2021.01.18 18:34:10

+05'30'

Place : Hyderabad Nalla Amith Reddy Nalla Rashmi Reddy

Date: Director Director
DIN:02567345 DIN:02917471