konark groupkonarkgroup.co.in/wp-content/uploads/2016/12/trade... · the proposed acquisition /...
Post on 20-Feb-2021
0 Views
Preview:
TRANSCRIPT
-
TRADE BAZAAR RET'AIL PR.IVATE LIMITED(Formerly known as Konark Greentech Private Limited)
BALANCE SHEET AS AT 31ST MARC}I2OI6CIN : U52500MH201 0P'l C207 113
Amount in Rs.
Sr.No
ParticularsNoteNo
As At 31.03.2016 As At 3L.03.2015
I
i
at.
b.
2
J
a.
b.
II
I
a.
b.
2
a.
b.
C.
d.
@Sharcrholders' funds
Share capital
Reserves and surplus
Non-current liabilitiesCurrent liabilitiesShort-term borrowings
Trade payables-fotal Outstatrding dues of micro and srrall enterprises'r'
Total Outstarrding dues of creditors other than ltlicro arld srttall
err terpri ses**Refer Note No. l9Short Terrrr Provision
2
I5
(r
100,000
(50,892)
4,170,000
I r,450
100,000
(35,06s
4,128,838
11,236
10,900
TOTAL 4,230,559 4,215,909
ASSETS
Non-current assets
Fixed assets
(i)Tangible assets
N orr-current investtnents
Current assetsTrade Receivables
Cash and cash equivalents
Short-terrr loar.rs and advarrces
Otlier current assets
7
8
9
l011
t2
2,17 5
200,000
94,500
52, I 09
3.881,774
) t'7\
200,000
94,500
41,960
3,866,77 4
10,500
TOTAL 4,230,559 4,215,909
(See Accompanying Notes to the Financial Statement)
As per our Report ofeven date attached
FOR AND BEHALF OF THE BOARD
P. DALMIAECTOR
FOR BIIUWANIA & AGRAWAL ASSOCIATESCHARTERED ACCOUNTANTS ,ffi.
(Firm Registration No. 10l4s3w) 6Z;}A\
l1"t;wt* WPARTNER ABHISHEK JRIIMembership [gl. No:' 509839
Place: MUMBAIDate : 2810512016
AV TANDONsrl
-
TRADE BAZAAR RETAIL PRIVATE LIMITED(Formerly known as Konark Greentech private Limited)
srArEMENr oF pRoFr'?I;1"'il,1If,1l'1,';?ffi1'u, o* 3rsr MARCH 2016Amount ln
FOR AND ON BEHALF OF THE BOARI)
Rs.
As per our Report ofeven date attached
FOR BHUWANIA & AGRAWAL ASSOCIATESCHARTERED ACCOUNTANTS
(Firm Registration No. 101483W)
hr].J;rL ia'j"
PARTNER ABHISHEK JAINMembershipNoM. NO:- 509839PLACE: NIUMBAIDate :28105/2016
SHO DALMIA M
Sr. No Particulars Note NoFOR THE YEAR
ENDEDMAR'16
FOR THE PERIODENDEDMAR'15
I,
II,
Iil.
IV.
VII.
VIII.
IX.
X
XI
XII
XIII
xtv
xv
XVI
v.
vl.
lTotal Revenue (l + lJ)II Ernenses:
lDepreciation and arnonizatiorr erperrse
lOther expensesI
lTotalexpenseslProfit hefore exceptional and extraordinarv iterns :rrrtltax (!ll-l\ )
Exceptional itentsa. Prior Period Expenses
Profit before extraordinary itelns and tax (\,- \ I)
Extraordinary Items
Profit before tax (VII- VIII)
Tax expense:(l ) Current tax(2) Deferred tax Liabilities(Assets)Profit (Loss) for the period fronr continuing opcr:riiorrs[vrr-vrrr)
Profi t/( loss ) frorn d iscontinuing oper.ations
fax expense of discontinuine operations
Profit/(loss) from Discontinuing npcrations (after. r:rr)xrr-xtrr)
'rofit (Loss) for the period (XI + _11yy
:arrrinqs per equit), share:l) Basic2) Diluted
7
t4
6
l3 105,000
105,000
15,82723,34024,478
15.827 47,919
(1s.827 57,182
(15,827 57,182
(15,827) 57,182
I0,900
(ts,827 46.282
( 15,827) 46,282
(15,827) 46,282
(r.58( r.58
4.63
4.63
(See Accompanying Notes to the Financial Statement)
D ITOR DIRECTOR
i
-
TRADE BAZAAR RETAIL PRIVATE LIMITED(Formerly known as Konark Greentech private Limited)
CIN: U52500MH201 0pTCZ07 113CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARC H,2OI6
lli,l,lr
I'
i:Irlt
lrlrl,
l,lc
Amount in Rs.Particulars 3lst MARCH,2016 31st MARCH,2015
Las[ ltuvy tforll operallng acuvltyNet Profit before tax &Extra Ordinary ItemsAdjustment for Depreciation
Operating Profit before working capital changes
WORKING CAPITAL CHANGES(Increase)Decrease in Sundry debtors(Increase)Decrease in Loans & Advances(Increase)Decrease in InventoriesIncrease(Decrease) in Trade Payable(Incl. Work'g Cap. Fin)
Cash Generated From operationslnterest paid
Cash Flow Before Prior Period & Extra Ordinary ItemsPrior Period &Extra Ordinary Items\et Cash Flow X'rom Operating ActivitiesCASH FLOW FROM INVESTING ACTIVITIESJurchase of Fixed Assets (Including pre-Operative Expenses)\et Cash Outflow for investing Activitieslash flow after investing activities]ASH F'LOW FROM FINANCING ACTIVITIES)roceeds from long term borrowing(Net of Repayments))roceed from Equity sharesihare PrerniumJnsecured Loan
nvestment
ncome Tax Paidt{et Cash Flow from financing activitylash flow after financing activity
)pening Balance:lash &Cash Equivalentlash &cash equivalent(Closing balance)ncrease in cash & cash equivalent
(t)
( tr )(ril): (r - ill
( t\ )(\ ):(ilr - t\')
\/l
(15,827)
23.340
57,182
23.340
-11,r 62
( l-l,7tt6
(15,827)
26,376
(e4.500)
464.500
(79,686)
80,522
290,314
(400)
10,549
(38 1.662)
370.836
10,549 370.836
10,5.19 370"836
(400)
10,549 370,836
(381.662)
10,149 ( 10,826
,tI,960
52,10952.786
4t.9601 0,149 ( I 0,826)
As per our separate report ofeven date.
FO;R AND ON BEHALF OF THE BOARD
P. DALMIAPARTNER ABHISHEK JAINMembershipNo.M. NO:- 5OgB39Place: MumbaiDate :2810512016
STI
BCTOR
FOIT BHTIWANIA & AGRAWAL ASSO(]IA-TBS,Chartered Accountants
(Firm Registration No. I0l483W)
il,ua t;
-
NOTE 1 - SIGNIFICANT ACCOUNTING I'OLI(]IIiS
1.1 Basis of preparation of financial statcnlentsThese financial statements are prepared ancl llresente(l irr accorclance u,ith Indian GenerallyAccepted AccountingPrinciples (GAAP) under the historical cost cor'r\ ention oi'r the accrural basis and comply with accounting standardsas prescribed under Section l3i olthe (iourpanics,,\c1. l0ll ('Acr') reacl u,ith Rule 7 of the Companies(Accounts) Rules.20l4 and guiclelines issucd L-.r tlre Scirri'iiies anci Erchange Board ollndia(SEBI)
1.2 Use of estimatesThe preparation ofthe financial statetttents in conlirrnritr rlitlr GAAP requires managementto make estimates andassumptions that aft-ect the reported balarnces of assets and iiabilities and disclosules relating to contingentIiabilities as atthe date of the flnancial stilteurorts anci rcportecl alrounts olincome and expenses duringtheperiod.
1.3 Tangible assets and capital rvork-in-1trogr.r,ssTangible assets are stated at cost. less accuttrrtllrtctl clcplccilrlion ancl intpainnent, if any. All costs, including trialrun production and financinq cost till cortrrnertccntcnl ol'conrrrcrcial production are capitalized until such assetsare ready for use"
All expenses including direct ancl indirect expenses tlrat are cxclusiveh, being incurred for the proposed project,exceptasmentionedinAS-26bLrtotherr'visercclLrirccl br AS-l0.arebeingaccumulatedand1villbeattributabletothe proposed acquisition / cotrstruction ol flrecl lrsscts i(r nral,e it rcach in its working condition for its intendeduse' including depreciation. enabling ultinratc allociitioir to ciillcrent assets on a reasonable basis. Capital work inprogress includes cost of assets at sites. constriicljon crpcnditr:re. aclvaltces rnade for acquisition of capitalassets and interest on the lirncls deplovecl.
1.4 Intangible assetslntangible assets are recorded at the consicieratiolr paid lirr acquisition olsgch assets arrd are carried at cost lessaccumulated amortisation and irrpairnterrt
1.5 Depreciation and amortisationDepreciation on tangible assets is proviclccl on tlre strai.sllt-line nrethod over the useful lives of assets is charged toP&L alc as per the requirements o1'scheclulc il ol'Conrpanies Act.20 13. Depreciation for assets purchased / soldduring a period is proportionate ly, charuecl
1.6 Impairment 0f AssetsAn asset is treated as irrpaired tvhen the cart'-r in-q cost oi'the asset exce.eds its recoverable value. An impairmentloss, if any, charged to the profit & loss account. in the -r'car in ,,r'hich an asset is iclentified as impaired. Theimpairmerlt loss recognized in prior accounting pcliotls is leverseci if there has been a change in the estimate of
. recoverable amount.1.7 Investments
Investments are eithet'classilled as cLlrreltt ol lorr,,tei'rrr l-rrrsccl on Managentent's ir.rtention. Current investments arecarried at lower of cost and lnarket valLreiNAV. cornputcd individLrallv. Long Terrn investments are stated at costof acquisition. Provision fbr diminution in the valLrc tr1'long-telnt irtvestrnents is rnade only if such 6ecline is otherthan temporary in the opinion of tlre rnrnugenrcnt.
1.8 Provision, Contingent Liabilities Antl C.rrti'gci;1 ,\ssetsProvisions involving substantial clegree o1-estirrutiorr irr rnr:asurulent arc recognize
-
TRADE BAZAAR RETAIL PRIVATE LIMITED(f,'ormerly known as Konark Greentech Private Limited)
NOTES'IO ACC{)tin-TS
.11:"t'i lii'\./\":t/'tr i n!!aeir.",
NoteNo. Particulars \o. of silrrcs
.\s r\tJ I.03.201(r No. of shares
As At31.03.2015
I
Y
2 SHARE CAPITALAuthorised Capital
Issued. Subscribed and Paid Up
TOTAL
I 0.()()() I 00.000 l 0.000 1 00,000
I 0.000 1 00.000 1 0.000 I 00,000
100,000 100,000
Reconcilation of Outstanding Shares as on J1.0J.2016Notc
No.Particulars l,-r;rritv Shrrcs Preference Shares
Nunrbet' Rs. Number Rs.
Shares outstanding at the beginnirrg ol'1he r.car 10.000 I 00 000Shares Issued during the yearShares bought back during the yearShares outstanding at the end ofthe year 10.00r) I 00,000
Rights. Prefcrcnces and attachcd to Iquitr Sharcs
appears in the rcgister ofmernbers as on rccord datc
nololng morc than 570 ot l.quit) Shar-c (lal)ital ts 0n 31.0J.201(r
\otc\o.
Narne of the ShareholdcrAs \r 31.0J.20t6 As At 31.03.2015
No. ofSharesI Ield
'l,i oISharcholcling
No. oI SharesI teld
\Yo Of
ShareholdingKonark Sr nthctic LirnitedTOI'r\l-
I 0.000 l00g,o 10,000 100,1I(),0(x) 10,000
3 RESERVES AND SURPLUSSurplus in Profit & Loss Account *TOTAL
.-\s \tJ l.0J.l(i15
Addition s duringthe ycar
treoucuonsduring the year
As At31.03.2016
(3.5.06.5 ( I 5.827 (s0"892(.1 5.()(r5 ) 15,827) (s0,892
I l)rotit for the period
IOT.\L
J .03.20 t 6 31.03.2015( t-s.827)
I 5.827)46.282
46.282(rs,8271 46,282
TIRRENT LIABILTIES.{s,\t
J r .03.2016As At
31.03.201s{A.t].
b
SHORT TERM BORROWINGSSecured
flnsecured (Repayable on Demand)Loans & Advances from Related PartiesInterest free loans taken from Holding Company (i) KonarkSynthetic Limited.
(ii) Slri Shonit Dalmia(iii)Others
Olthc above Rs.nil is guaranteed bt Dircctors anil,/or othersTOl'1\L
TR,{DIi PA\';\BLIiS
(a) -lotal Outstanding dues ofmicro ancl snrall entcrpr iscs ,.(b) Total Outstanding dues ol'orcditors other tlran nricro antlsniall enterprises*
(i) SLrndry Creditors in the ordinarr coursc o1'business
sllcftr Notc No. l9r'()1-AL
4. I 70.000
.1. 170.000
2" 128.838
2.000.000 4. l 28.838
I t.+.i1) I 1.236
4,1 70,000 4,128,838
I I.450 1.236
I I,:150 11,236
6 SHORT TERM PROVISIONS)ther Expenses Payablelncome Tax / Wealth Tax
rorAL ^.^ _ -/
ro,soo
r 0,900\
-
!O
.la
r6f
d
\o!o?N
.!rO
rN
rd
Z
-ULi
lil
I
UJaa
;Ni\56
N dF)
dF)
=
-t2
o>,lr
N
la
!NQ.+
ddl Nd}
=
@qr
\o
dN
-
U>,
0)
+r
z
(.)
Lq
.>.
r-l
.o
a
ii{)
a
oin
al
-^o.>of()9d
-613'=o-()€lic)tr [icb.Ec.:l 66)HF
=a2)>c;Frnd.>t-5\J
Acd-o Fi
=U
o
O
U
.2
=
^=
vo
.eo
F
It.)a='t;D
O
D=AC==C=ao=CCC
5€u.o--al) .-l)ou.,1) al).,1) al)
0
0()
()
a
e)
6
z
-
N oteNo. Particula rs
r\s At31.03.2016
As At3r.03.2015
9
10
1l
t2
URRENT ASSETS
94.500 94.500
TRADE RECEIVABLESMore than 6 months Cosidered GoodLess than 6 months Cosidered GoodTOTAL
CASH & CASH BOUIVALENTS-Cash in Hand (incld Imprest)-On Current AccountsTOTAL
SHORT TERM LOANS AND ADVANCESa. Loans and Advances to related PartiesSecured
Unsecured Considered Good (Refer footnote)TOTAL1. Interest free loans given to subsidairy company
Konark Wind Pro.iects Pvt. Ltd.OTHER CURRENT ASSETS-T.D.S. on Commission
l\1,s
9,1,500 94,500
t5.84 I16.268
35.84 i6^1 l9
52,109 41,960
3.881 .774 t,sso.it +3,991,774 3,866,774
10,500
TOTAL 10,500
N oteNo, Particulars
For the period ended31.03.2016
For the period ended31.03.201s
I3 Inconrc
Coninrission I 05.000
I 05.000
l{ OTfIER EXPENSESA. .\drninistrative & general ExprnsesFilling Fces
Cieneral Expenses
Bank Charges
Auditors Renruneration:- For Statuto4 Audit- For Tax Audrt- For Certiflcation- Others
TO1.,\L
1r450
1.200
2,500
677
I 1.450
ll )7(
9,000
2,500
1"712
1t,236
15,827 24,479
b
-
CAPITAI- CO\'I NIITI\'I IiNTS
Istirnated Amount of Contraots remaining to lre ereculcrl on ( aprlui ,\cc()uni l\ci rr1 ,.\ch lrnccs) Ils. Nrl (Previons ),ear Nil)
(]O\I'INGE\T I-IABILII'I IiS(-'ontigcnt Liabilitl,in current vear Nrl (Prcr ior.rs Ycar Nii)
17 EARNINGS PER SIIARE For The Year ended 3 I.03.2016For The PeriodEnded31.03.2015
III
III
Net Prollt as per Profil & Loss A/Cavailable lbr Equitl' ShareholdersNo. of Equity SharesEarnings Per Share ( Face Value ol-Rs.
llt aiehl- Basic- Diluted
( rs,827I 000(
1l -;li)(1.--\8)
16.282r 000c
4.63
+. o-)
18 RELATED PARTIES TRANSACTIONSAs perlhe Accourrting Standard - ltl as notillccl br Conrplurics (.,\ccorrritirtr Standard) Itules 2006. the clisclosure oftransactions Ivith related parties as cleflncd in the '\ccour.iLinl Slrnrialtl lrrc lircn bel9l:
15
16
l9
20
Mr. Shonit DalmiaMr. Manav'l-anclon
l) i rcc torI)ircctor
M/s Konark Svnthetic l,imited Floldins CorrrpirrrrM/s Konark Wind Proiect Pr4. Ltd. Subsitliarr (.'orrrparnM/s Konark Natural Foods Pvt. Ltd. Subsidiarl CiornpanrM/s. Konark Infiatech Pvt. Ltd. Associate Ctorrcsr-n
Note: Figures in italics represent previous ycar l)gurcs*Oftheaboveclosingbalauce.Rs. 15.2-5Lacs(l)Y[ls. l.j.l0I.acsri:rnrclrri()lrti)rhe c\pcnscsipcurredbythesubsidiar'Conrpanv and paid bv the Conrpany.
Srnitlland LI ed iu m-s ized Co ![I4Iy (S[{ O Di qc I o u s rc1Disclosure as pcr Micro. Small. ancl Mediurn DnLcrpriscs [)erclopnrcnt Act.2006: fhc ('ornpany has nel receiveclinfbrrnation liom the vendors regarclinq their status under tlrc \4icr.rr. Srrrall ltncl N4cdiun.r F.ntet.prises DevelopmentAct.2006 hencedisclosr.rrerequirecl b-r'notillcationdatcd l(;lhNurcnrbcr.200Tissucdltr lVlinistryol-CempanyAtlirirs have not bccn given.
No l)rovisionof Defl'eredTaxLiabilitl ,/assets hirs been pror.irlcdusper'.\S22tluring thc\eari1 viervol'TaxCredit.
21 I)revious period figures have been regroupedi reai-r.augecl ri Ircrer ci. rcilrrired.
FOR BHUWANIA & AGRAWALCHARTERED ACCOUNTANTS
BTiIII\LIi OF THE BOARD
ful;1."1 l*PARTNER ABHISHEK JAINMembershiPNryl. No:- 5ogg3gPlace: MUMBAIDale : 28/05/2016
/
ffi".DIRECTOR
ount in Lac)Nature of
TransactionOpeirrg
Bl lln ceAmount
ReceivedAmountRenaid
Closing
Balance
Konark Sr'ntheric Limiled (HoldingCornpanr')
Konark Inliatech Private Limited
(.r\ssociates floncern)
Koniirk Wind Pro.lccts Private I.iniiteil(Subsicliary)
Shonit Dalntia
Loan Taken
Loan I altcn
Loarr ( iiyen*
Loan Talien
21.2t)/< tt
l{) 0()
i8 67
ll .t)
20.20
:o.rtrt
0. l_5
4lI. ,10
41 .49
2 3.82
20.00
1.7 5
zi ts
20.00
38.82
38.67
11.70
DALN{IASHO
top related