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