ravi capoor, ias - assam gas company ltdassamgas.org/pdf/annual-report/annual-report17_18.pdfoil...
TRANSCRIPT
Ravi Capoor, IASChairman, AGCL and Addi onal Chief
Secretary, Industries & Commerce Dep , Govt of Assam
(w.e.f. 07.09.2016)
V. B. Pyarelal, IASDirector, AGCL and Addi onal Chief
Secretary, Finance Department, Govt of Assam (w.e.f. 07.08.2016
to 23.05.2017)
Sidhartha BordoloiChief General Manager (GMS)
Oil India Ltd. and Director, AGCL (w.e.f 23-05-2017)
Anuj Kumar BorkotokyDirector, AGCL
(up to 16-10-2017)
Shehla Rahman, ACS (Retd.)Director, Assam Gas Company
Limited and Secretary, Industries & Commerce Dep , Govt of Assam (w.e.f. 27.01.2016 to
18.07.2018)
Umananda DoleySecy, Industries & Commerce
Dep ., Govt of Assam & Director, AGCL (w.e.f. 18.07.2018)
Hellal Ahmed KhanDirector, AGCL
(up to 16-10-2017)
Kalyani BaruahManaging Director, APGCL and
Director, AGCL(w.e.f. 16-08-2017)
Sanat Kumar Kalita, ACS (Retd.)Commissioner & Secretary,P.E. Dep . Govt. of Assam
and Director, AGCL(w.e.f. 23-05-2017)
Rajib HazarikaDirector, AGCL
(w.e.f. 29.01.2015to 16.10.2017)
Aditya Kr. SharmaManaging Director, AGCL
Mayuri Che a, ACSJt. Secretary, Finance Dep .,
Govt. of Assam andDirector, AGCL
(w.e.f. 23-05-2017)
Achintya Kr. Nath (Retd.) Director, Assam Gas Company Limited & GM (GMS), Oil India
Limited up to 23-05-2017
Tarun Ch. SahariaAdvisor, Public Enterprises
Department , Govt. of Assam and Director, AGCL (w.e.f. 16.05.2018)
ANNUAL REPORT 2017 18 1
ANNUAL REPORT 2017 182[ 2 ]
Bankers
Statutory Auditors
Secretarial Auditors
Cost Auditors
Registered Of�ice
Co-ordination Of�ice
ANNUAL REPORT 2017 18 3
A. Ordinary Business
B. Special Business1. Approval of Remuneration of the Cost Auditor for the inancial year 2018-19
`
D. Dev Gupta
D. Dev Gupta
Notice to the Shareholders
ANNUAL REPORT 2017 184
Explanatory Statements for the Special Business pursuant to Section 102 of the Companies Act, 2013:
Item No. B.
1. Approval of Remuneration of Cost Auditor for the inancial year 2018:
`
D. Dev Gupta
ANNUAL REPORT 2017 18 5
Financial Results
(`in lakhs)
Particulars 2017-2018 2016-2017
26,806.80 26,917.23
15,949.09 16,350.84
7,112.77 6,874.82`
Directors propose to appropriate this amount as under: 2017-2018 2016-2017
Summarized Cash Flow Statement:
Directors’ Report
ANNUAL REPORT 2017 186
PERFORMANCE HIGHLIGHTS(a) Physical Performance
`
(b) Financial Performance `
``
` ``
` `
``
`` `
OPERATIONS AND THE STATE OF COMPANY'S AFFAIRS
ANNUAL REPORT 2017 18 7
SHARE CAPITAL`
DIVIDEND
`` `
TREASURY OPERATIONS`
`
CONTRIBUTION TO EXCHEQUER` `
``
GOVT. AUDIT REVIEW
PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES
Form AOC 2
ANNUAL REPORT 2017 188
INFORMATION RELATING TO ASSOCIATE AND JOINT VENTURE COMPANIES
POST BALANCE SHEET EVENTS
BUSINESS RISK MANAGEMENT
INTERNAL FINANCIAL CONTROLS
PARTICULARS OF LOAN, GUARANTEES AND INVESTMENTS UNDER SECTION 186`
`
CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION
FOREIGN EXCHANGE EARNINGS & OUTGO
MATERIAL CHANGES AFFECTING THE FINANCIAL POSITION OF THE COMPANY
ANNUAL REPORT 2017 18 9
DEPOSITS FROM PUBLIC
DIRECTORS AND KEY MANAGERIAL PERSONNEL
Directors
Sl. No.
Name of the Directors
Government Noti ication No.
Date of Appointment
Date of cessation Designation
ANNUAL REPORT 2017 1810
Key Managerial Personnel
DECLARATION BY INDEPENDENT DIRECTORS
BOARD EVALUATION
DIRECTORS RESPONSIBILITY STATEMENT
ANNUAL REPORT 2017 18 11
PARTICULARS OF EMPLOYEES AND RELATED DISCLOSURES
` `
STATUTORY AUDITORS
Auditors Report
SECRETARIAL AUDITORS
ANNUAL REPORT 2017 1812
COST AUDITORSM/s. Subhadra Dutta & Associates, Cost Accountants, Guwahati was appointed as the Cost Auditor of the Company for the year 2016-17 in accordance with the provisions of Section 148(3) of the Companies Act, 2013. Cost Audit Report for the year 2016-17 was fi led with the Ministry of Corporate Affairs on 23rd September 2017 in XBRL Format in CRA-4 as specifi ed by MCA as per requirements of the Companies (Cost Records and Audit) Rules, 2014 .
INVESTMENTS IN JOINT VENTURES
(a) DNP Limited
`` `
`
`
` ` ``
(b) Tripura Natural Gas Company Ltd (TNGCL)
`
``
`
(c) Assam Petro-Chemicals Ltd
`
ANNUAL REPORT 2017 18 13
`
AUDIT COMMITTEE
CSR COMMITTEE
NUMBER OF MEETINGS OF THE BOARD
RIGHT TO INFORMATION ACT
NOMINATION & REMUNERATION COMMITTEE POLICY
HEALTH
ENVIRONMENT MANAGEMENT
ANNUAL REPORT 2017 1814
COMMUNICATION TO EMPLOYEES
DISCLOSURE ON ESTABLISHMENT OF A VIGIL MECHANISM
DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013
Indian Accounting Standards
LEGAL COMPLIANCES
EXTRACT OF ANNUAL RETURN
CORPORATE GOVERNANCE
ANNUAL REPORT 2017 18 15
GENERAL
ACKNOWLEDGEMENT
(Ravi Capoor)
ANNUAL REPORT 2017 1816
Management's Discussion and Analysis
Directors perception of the future of the Company
`
Strengths, Weaknesses, Opportunities and Threats
ANNUAL REPORT 2017 18 17
Risks & Concerns
Safety
Human Resource
Employee Relations
ANNUAL REPORT 2017 1818
www.assamgas.org
``
``
``
`
Annexure - F
Regulations
(Ravi Capoor)
ANNUAL REPORT 2017 18 19
Company’s philosophy on Code of Corporate Governance
Annexure-A (contd)
1. Board of Directors
Report on Corporate GovernanceAnnexure - A
ANNUAL REPORT 2017 1820
Details regarding Board Meetings, Annual General meeting, Directors’ attendance thereat, Directorship held by the Directors are as under:-
Sl. No. Board Meetings Date Place
SlNo
Name of the Directors
Academic Quali ications
Date of joining as
Director of the Company
No. of meeting attended
%
Attendance at the last
Annual General Meeting
Details of Director-ships held in other
companies
Director
Chairman
ceased w.e.f 01/03/2018
Director
ceased w.e.f 18/07/2018
Managing Director
Director
ANNUAL REPORT 2017 18 21
Director
ceased w.e.f. 16/10/2017)
Proprietor
ceased w.e.f. 16/10/2017)
Proprietor
Partner
ceased w.e.f. 16/10/2017)
Director
Partner
Director
Member
Managing Director
Director
Percentage computed by considering the meetings attended with the total meetings held during his tenure.
AIDCL: ATPO: NRL:BCPL: TNGCL:
ASIDC: ATCL:AHECL: AMDCL:
APL: DNPL: NRL:AEDCL(Amtron): ASFCL:
APGCL:APPCL:
2. Audit Committee
ANNUAL REPORT 2017 1822
2.1 Constitution of Audit Committee
2.2. Role and responsibilities of the Audit Committee:
ANNUAL REPORT 2017 18 23
2.3. Meeting of the Audit Committee:
Sl. No. Audit Committee Meetings Date Place
2.4 Attendance of the Audit Committee meeting during the inancial year 2017-18:
Name of the members No. of meetings attended
%age thereof (out of 2 meetings
held)
Attendance at the last Annual General
Meeting
Shri Sanat Kr. Kalita Chairman of Audit Committee (ceased to be a director w.e.f. 01/03/2018)
Shri Siddharta Bordoloi, MemberShri Rajib Hazarika Memberw.e.f. 16/10/2017)
3. Nomination and Remuneration Committee
ANNUAL REPORT 2017 1824
4. Investors Grievance Committee
5. Corporate Social Responsibility (CSR) Committee:
5.1 Meeting of the Corporate Social Responsibility Committee:
Sl. No. CSR Committee Meetings Date Place
Attendance of the CSR Committee meeting during the inancial year 2017-18:
Name of the membersNo. of
meetings attended
%age thereof (out of 1 meeting held)
Attendance at the last Annual General
Meeting held on
(ceased to be a director w.e.f. 01/03/2018)
ANNUAL REPORT 2017 18 25
6. Annual/Extra Ordinary General Meetings:a) Details of location, time and date of last three AGMs/EGM are given below:
Sl. No. Date and Time of the Meetings Venue
b) Details of Special Resolution passed during the last three years:Special Business Type of Resolution Date of Meeting
c) Brief Resumes of Directors as on date
1) Shri Ravi Capoor, IAS
(2) Shri Aditya Kumar Sharma
ANNUAL REPORT 2017 1826
(3) Shri Siddhartha Bordoloi
(4) Smt. Mayuri Chetia, ACS
(5) Smt. Kalyani Baruah
ANNUAL REPORT 2017 18 27
(6) Shri Tarun Ch. Saharia
(7) Shri Umananda Doley, ACS
7. Disclosures and compliance
ANNUAL REPORT 2017 1828
`
`
`
8. Means of communication of inancial performance
(www.assamgas.org )
9. Management Discussion & Analysis Report
Number of AGM 56th Annual General Meeting
Co-ordination Of�ice
`
Share Transfer system:
ANNUAL REPORT 2017 18 29
Shareholding Pattern as on 31-03-2018:
Sl. No. Name of shareholder Capital contribution in `
Nos of shares held
Percentage of holding (%)
Total 16,91,44,900/- 16,91,449 100%
Registered Of�ice:
CIN: U11101AS1962SGC001184
Co-ordination Of�ice:
ANNUAL REPORT 2017 1830
Annexure A
To,The Members,M/s ASSAM GAS COMPANY LTD,CIN: U11101AS1962SGC001184 P. O: Duliajan, DibrugarhAssam – 786602
COMPLIANCE OF CORPORATE GOVERNANCE CONDITIONS
M/s ASSAM GAS COMPANY LTD 31st March, 2018
BIMAN DEBNATH & ASSOCIATESCompany Secretaries
BIMAN DEBNATH B. Com.., LLB, DTL., FCS.
Flat No- 402, Block-C, Prashan Pride, Tarun Nagar, ABC, Guwaha -781005, Assam, India
Tele : 0361-2463370(O), 9864028145(M) Email: [email protected]
ANNUAL REPORT 2017 18 31
For Biman Debnath & Associates Company Secretaries Date: 04/09/2018 Biman DebnathPlace: Guwahati (Proprietor) C.P. No. 5857 FCS No. 6717
BIMAN DEBNATH & ASSOCIATESCompany Secretaries
BIMAN DEBNATH B. Com.., LLB, DTL., FCS.
Flat No- 402, Block-C, Prashan Pride, Tarun Nagar, ABC, Guwaha -781005, Assam, India
Tele : 0361-2463370(O), 9864028145(M) Email: [email protected]
ANNUAL REPORT 2017 1832
Annexure B
SECRETARIAL AUDIT REPORTFOR THE FINANCIAL YEAR ENDED 31ST March, 2018
[Pursuant to section 204(1) of the Companies Act, 2013 and Rule No.9 of the Companies (Appointment and Remuneration Personnel) Rules, 2014]
To, The Members, M/s ASSAM GAS COMPANY LTD,CIN: U11101AS1962SGC001184P.O Duliajan, DibrugarhAssam- 786602
M/s ASSAM GAS COMPANY LTD“the Company”
Based
31st March, 2018
31st March, 2018
BIMAN DEBNATH & ASSOCIATESCompany Secretaries
BIMAN DEBNATH B. Com.., LLB, DTL., FCS.
Flat No- 402, Block-C, Prashan Pride, Tarun Nagar, ABC, Guwaha -781005, Assam, India
Tele : 0361-2463370(O), 9864028145(M) Email: [email protected]
ANNUAL REPORT 2017 18 33
BIMAN DEBNATH & ASSOCIATESCompany Secretaries
BIMAN DEBNATH B. Com.., LLB, DTL., FCS.
Flat No- 402, Block-C, Prashan Pride, Tarun Nagar, ABC, Guwaha -781005, Assam, India
Tele : 0361-2463370(O), 9864028145(M) Email: [email protected]
a.
b.
c.
d.
e.
f.
(i)
(ii)
(iii)
except
1. The Company has not complied with the provisions of Section 149 of the Companies Act read with Rule 4 of the Companies (Appointment and Quali�ication of Directors) Rules, 2014 with relation to the appointment of Independent Director during the �inancial year under review.
2. The alterations of the Articles of Association of the Company as per the new Companies Act, 2013 is still pending.
3. The Company could not obtain the consent to operate from the pollution control department inspite of payment of arrear dues as well as current dues.
4. Trade License from the concerned authority i.e. the Local authority has not been obtained for the trading activities undertaken by the Company as per the state Laws.
5. Registration of Company own land is still pending in few cases.
6. The internal Compliance System is not commensurate with the size and nature of the Company.
ANNUAL REPORT 2017 1834
BIMAN DEBNATH & ASSOCIATESCompany Secretaries
BIMAN DEBNATH B. Com.., LLB, DTL., FCS.
Flat No- 402, Block-C, Prashan Pride, Tarun Nagar, ABC, Guwaha -781005, Assam, India
Tele : 0361-2463370(O), 9864028145(M) Email: [email protected]
As informed and apprised by the Company, being a State Government Company, the appointment of Directors are done by the State Government and the Government has not yet appointed or nominated any Independent Director on the Board of the Company.
I further report that:
I further report that
For, Biman Debnath & Associates Company Secretaries
Sd/-
Place: GuwahatiDate: 04-09-2018
(C S Biman Debnath) Proprietor
C.P. No. 5857/ FCS No. 6717
This Report is to be read with our letter of even date which is ANNEXURE-A, and forms and integral part of this Report.
ANNUAL REPORT 2017 18 35
BIMAN DEBNATH & ASSOCIATESCompany Secretaries
BIMAN DEBNATH B. Com.., LLB, DTL., FCS.
Flat No- 402, Block-C, Prashan Pride, Tarun Nagar, ABC, Guwaha -781005, Assam, India
Tele : 0361-2463370(O), 9864028145(M) Email: [email protected]
Annexure A
To,The Members, M/s ASSAM GAS COMPANY LTD,CIN: U11101AS1962SGC001184P.O Duliajan, DibrugarhAssam- 786602
For, Biman Debnath & Associates Company Secretaries
Sd/-
Place: GuwahatiDate: 04-09-2018
(C S Biman Debnath) Proprietor
C.P. No. 5857/ FCS No. 6717
ANNUAL REPORT 2017 1836
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.]
1. Details of contracts or arrangements or transactions not at arm’s length basis: NIL2. Details of contracts or arrangements or transactions at Arm’s length basis :
Names of the related party and nature of relationship
Nature of Contracts/arrangement/transactions
Duration ofContracts/
arrangement/transactions
Salient terms of contracts or arrangements
or transactions including the value, if any
Date of approval by
the Board
Amount paid as
advance, if any
DNP Limited (DNPL)
Reimbursement of salary and other expenses incurred by AGCL for the persons deputed in DNPL and other expenses related to DNPL.
Ongoing transactions
DNPL will reimburse AGCL the manpower cost on Cost to the Company basis which comes to approximately 100% of the actual salary paid. (`155.45 Lakh)
2009 Nil
DNP Limited (DNPL)
Payment of rental and electricity charges for offi ce accommodation to AGCL
Ongoing transactions
`4.90 Lakhs Not applicable
Nil
DNP Limited (DNPL)
Payment of Interest on Loan to AGCL
Ongoing transaction
` 254.59 Lakhs February, 2016
Nil
DNP Limited (DNPL)
Sale of Project Surplus Pipes
One-time Transaction
Nil 6th August, 2016
Nil
DNP Limited (DNPL)
Dividend received from DNPL
Ongoing transaction
`213.25 Lakhs Not applicable
Nil
Annexure - C
ANNUAL REPORT 2017 18 37
Form No. AOC - 1
Statement containing salient features of the inancial statement of subsidiaries/associate companies/joint ventures
Part “A”: Subsidiaries
``
Sl. No. Particulars Details
````
`````
Annexure - D
ANNUAL REPORT 2017 1838
Part “B”: Associates and Joint Ventures
Statement pursuant to Section 129 (3) of the Companies Act, 2013 related to Associate Companies and Joint VenturesI.
31st March 2018
1,00,000 equity shares
1,00,000@ `100 each share`1,00,00,000/-
25.51%
Associate
`19,46,01,224/-
` 11,73,46,927/-
-
-
ANNUAL REPORT 2017 18 39
Annexure -EFORM NO. MGT 9
Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Company(Management & Administration ) Rules, 2014.
EXTRACT OF ANNUAL RETURNFor the inancial year ended on 31st March, 2018
REGISTRATION & OTHER DETAILS:U11101AS1962SGC001184
31/03/1962ASSAM GAS COMPANY LTD
PRIVATE COMPANY/LIMITED BY SHARESAddress of the Registered of ice & contact details
P. O. DULIAJANDIBRUGARH
786602ASSAMINDIA
NoName and Address of Registrar & Transfer Agents ( RTA ):-
II. PRINCIPAL BUSINESS ACTIVITY OF THE COMPANY
Sl. No.
Name and Description of main products / services
NIC Code of the Product / service
% to total turnoverof the company
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES -
Sl. No.
NAME AND ADDRESS OF THE COMPANY CIN/GLN
HOLDING/ SUBSIDIARY /ASSOCIATE
% of shares
held
Applicable Section
ANNUAL REPORT 2017 1840
IV.
SHAR
E H
OLD
ING
PATT
ERN
(Equ
ity
Shar
e Ca
pita
l Bre
akup
as
perc
enta
ge o
f Tot
al E
quit
y)i.
Cate
gory
-wis
e Sh
are
Hol
ding
Cate
gory
of
Shar
ehol
ders
No.
of S
hare
s he
ld a
t the
beg
inni
ng o
f the
yea
rN
o. o
f Sha
res
held
at t
he e
nd o
f the
yea
rD
emat
Phys
ical
Tota
l%
of T
otal
Sha
res
Dem
atPh
ysic
alTo
tal
% o
f Tot
al S
hare
sA.
Pro
mot
er s
(1) I
ndia
n
(2) F
orei
gn
Tota
l sha
reho
ldin
g of
Pro
mot
er (A
)B.
Pub
lic S
hare
hold
ing
1. In
stit
utio
ns
ANNUAL REPORT 2017 18 41
Sub-
tota
l (B)
(1):
-2.
Non
-Ins
titu
tion
s
Sub-
tota
l (B)
(2):
-To
tal P
ublic
Sha
reho
ldin
g (B
)=(B
)(1)
+ (B
)(2)
C. S
hare
s hel
d by
Cus
todi
an fo
r GDR
s &
ADRs
Gran
d To
tal (
A+B+
C)
ANNUAL REPORT 2017 1842
iiSh
areh
oldi
ng
of P
rom
oter
s
Sl
No.
Shar
ehol
der’
s N
ame
Shar
ehol
ding
at t
he b
egin
ning
of t
he
year
Shar
e ho
ldin
g at
the
end
of th
e ye
ar%
ch
ange
in
sha
re
hold
ing
duri
ng
the
year
No.
of
Shar
es
% o
f tot
al
Shar
es
of th
e co
mpa
ny
% o
f Sha
res
Pled
ged
/ en
cum
bere
d to
to
tal s
hare
s
No.
of
Shar
es
% o
f to
tal
Shar
es
of th
e co
mpa
ny
%of
Sha
res
Pled
ged
/ en
cum
bere
d to
tota
l sh
ares
TO
TAL
iii.
Chan
ge in
Pro
mot
ers’
Sha
reho
ldin
g (
plea
se s
peci
fy, i
f the
re is
no
chan
ge)
Sl. N
o. I
- Gov
ernm
ent o
f Ass
am
Shar
ehol
ding
at t
he
begi
nnin
g of
the
year
Cum
ulat
ive
Shar
ehol
ding
dur
ing
the
year
No.
of s
hare
s
% o
f tot
al
shar
es
of th
e co
mpa
ny
No.
of
shar
es%
of t
otal
sha
res
of
the
com
pany
No
Chan
geIn
crea
seD
ate
Reas
on fo
r In
crea
seN
o Ch
ange
Dec
reas
eD
ate
Reas
on fo
r D
ecre
ase
No
Chan
ge
ANNUAL REPORT 2017 18 43
ivSh
areh
oldi
ng
Patt
ern
of t
op te
n S
hare
hold
ers
(oth
er t
han
Dir
ecto
rs, P
rom
oter
s an
d H
olde
rs
of G
DR
s an
d A
DR
s):
Not
app
licab
le
Sl. N
o.: 2
- Sec
reta
ry F
inan
ce, G
ovt.
of A
ssam
Shar
ehol
ding
at t
he
begi
nnin
g of
the
year
Cum
ulat
ive
Shar
ehol
ding
dur
ing
the
year
No.
of s
hare
s%
of t
otal
sh
ares
of
the
com
pany
No.
of
shar
es%
of t
otal
sha
res
of th
e co
mpa
ny
No
Chan
geIn
crea
seD
ate
Reas
on fo
r In
crea
seN
o Ch
ange
Dec
reas
eD
ate
Reas
on fo
r D
ecre
ase
No
Chan
ge
Sl. N
o.: 2
For
Eac
h of
the
Top
10 S
hare
hold
ers
Shar
ehol
ding
at t
he
begi
nnin
g of
the
year
Cum
ulat
ive
Shar
ehol
ding
dur
ing
the
year
No.
of s
hare
s%
of t
otal
sh
ares
of
the
com
pany
No.
of
shar
es%
of t
otal
sha
res
of th
e co
mpa
ny
Incr
ease
Dat
eRe
ason
for
Incr
ease
Dec
reas
eD
ate
Reas
on fo
r D
ecre
ase
ANNUAL REPORT 2017 1844
vSh
areh
oldi
ng
of D
irec
tors
an
d K
ey M
anag
eria
l Per
son
nel
: NIL
S. N
o.: 1
Mr._
____
____
____
____
___
Shar
ehol
ding
at t
he
begi
nnin
g of
the
year
Cum
ulat
ive
Shar
ehol
ding
dur
ing
the
year
No.
of s
hare
s%
of t
otal
sh
ares
of
the
com
pany
No.
of
shar
es%
of t
otal
sha
res
of th
e co
mpa
ny
Incr
ease
Dat
eRe
ason
for
Incr
ease
Dec
reas
eD
ate
Reas
on fo
r D
ecre
ase
S. N
o.: 2
Mr._
____
____
____
____
____
__
Shar
ehol
ding
at t
he
begi
nnin
g of
the
year
Cum
ulat
ive
Shar
ehol
ding
dur
ing
the
year
No.
of s
hare
s%
of t
otal
sh
ares
of
the
com
pany
No.
of
shar
es%
of t
otal
sha
res
of th
e co
mpa
ny
Incr
ease
Dat
eRe
ason
for
Incr
ease
Dec
reas
eD
ate
Reas
on fo
r D
ecre
ase
ANNUAL REPORT 2017 18 45
VIIN
DEB
TED
NES
SIn
debt
edne
ss o
f the
Com
pany
incl
udin
g in
tere
st o
utst
andi
ng/a
ccru
ed b
ut n
ot d
ue fo
r pa
ymen
t
Inde
bted
ness
at t
he b
egin
ning
of t
he i
nanc
ial y
ear
2017
-18
Secu
red
Loan
s ex
clud
ing
depo
sits
Uns
ecur
ed
Loan
sD
epos
its
Tota
l In
debt
ness
Tota
l (i+
ii+iii
)Ch
ange
in In
debt
edne
ss d
urin
g th
e in
anci
al y
ear
2017
-18
Net
Cha
nge
Inde
bted
ness
at t
he e
nd o
f the
ina
ncia
l yea
r 20
17-1
8
Tota
l (i+
ii+iii
)
ANNUAL REPORT 2017 1846
REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNELRemuneration to Managing Director, Whole-time Directors and/or Manager:
Sl. no. Particulars of Remuneration
Name of MD/WTD/ Manager Total Amount
A.K.Sharma
Remuneration to other directors:
Sl. no. Particulars of Remuneration
Name of Directors Total AmountA B C
Independent Directors
Other Non-Executive Directors R. Hazarika A. K. Borkotoky
H.A. Khan
ANNUAL REPORT 2017 18 47
REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD
Sl. no. Particulars of Remuneration
Key Managerial Personnel
CFO Company Secretary Total
PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES: NIL
Type
Section of the
Companies Act
BriefDescription
Details of Penalty / Punishment/
Compounding fees imposed
Authority[RD / NCLT/
COURT]
Appeal made,if any (give
Details)
A. COMPANY- - - -- - - -- - - -
B. DIRECTORS- - - -- - - -- - - -
C. OTHER OFFICERS IN DEFAULT- - - -- - - -- - - -
ANNUAL REPORT 2017 1848
Project Parijaat Kanan (2015-16)
`
Project Parimal Basudha (2015-16)
`
`
` `
Project Shyamalima (2015-16)
`
Project Pratyasha (2016-17)
` `
Annexure - F
CSR PROJECTS AT A GLANCE
ANNUAL REPORT 2017 18 49
Project Ashadeep (2016-17)
`
Project Deepsikha (2016-17)
`
Project Rupkathar Gaon (2016-17)
`
Project Aparajeya (2017-18)
`
ANNUAL REPORT 2017 1850
ANNEXURE - F TO DIRECTORS' REPORT (contd)
(i)
(ii)
(iii)
Clause (iv)
Clause v
(viii)
Annual Report on Corporate Social Responsibility (CSR) activities for the inancial year 2017-18
Annexure – F
ANNUAL REPORT 2017 18 51
`
`
`
``
(including committed but not spent till 31st March 2018)`
SlNo
CSR Project or Activity Identi ied
Sector in which the project is covered
(Clause No of Schedule
VII to the Companies
Act, 2013 as amended
Project of Program
1. Local Area or other
2. Specify the state and
district where projects or programs
undertaken
Amount outlay
(Budget) Project or Program
wise (`in lakhs)
Amount spent on the Projects or Programs. Sub Heads (1) Direct
Expenditure on Projects
or Programs (2)
Overheads(`in lakhs)
Cumulative Expenditure
upto the Reporting
Period, i.e.,FY 2017-
2018(`in lakhs)
Amount Spent Direct or through
Implementing Agency
Total 638.98 174.62 358.47
ANNUAL REPORT 2017 1852
Addendum to the Directors' Report for the Financial Year 2017-2018
Sl. No. Secretarial Auditor's Observation Management Reply
1. The Company has written to the Government of Assam enclosing a list of probable candidates who are eligible for Independent Directors. The Reply from the Government of Assam is awaited.
2. Action initiated
3. Noted for compliance
4. Noted for compliance
5. Noted
6. Action initiated for installation of a software
ANNUAL REPORT 2017 18 53
Managements’ Reply to
COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 143(6)(b) OF THE COMPANIES ACT 2013 ON THE STANDALONE FINANCIAL STATEMENTS OF ASSAM GAS COMPANY LIMITED FOR THE YEAR ENDED 31 MARCH 2018.
A. Comments on the Pro itability
1. Statement of Pro it & Loss
Expenses
Other Expenses (Note-27)
Other operating Expenses(Note-27 C): `9.79 crore
`
`
Managements’ Reply : This inadvertent mistake is due to oversight and will be recti�ied in the next years’ accounts i.e 2018-19.
B. Comments on the Financial Position
1. Balance Sheet
Assets
Current Assets
Financial Assets
Trade Receivables (Note-9): `110.47 crore
` `
`
`
`
Managements’ Reply : Regarding Trade Receivables of ̀ 28.01 crore, the amounts are pending realisation for a period of more than three years and therefore as advised by various auditors from time to time, have been classi�ied under “Bad and doubtful debts”.
It may further be noted that in case of EIPL (`20.32 crore) till the gas was being supplied, no dispute was raised by EIPL on any issues like quantity / quality of gas supplied or any other matter till stoppage of gas supply in January 2013. However, subsequently EIPL raised objections on the legal rights of the Company in demanding payments and interest on delayed payments in the absence of Gas Supply Agreement. Though EIPL had raised objections, at the same time had also agreed to pay the dues upon receiving the payments from ASEB / Govt. of Assam (GOA) accordingly.
Since, the Company (AGCL) didn’t receive any payment from EIPL , the Company initiated legal proceedings (Arbitration) as per the terms of the agreement for realization of the dues.
ANNUAL REPORT 2017 1854
Regarding the receivables from Tea Gardens (`7.68 crore), some of our customers witheld part of bills raised by us over certain issues and �iled cases with different courts. Since the matter is subjudice, necessary realisation of the dues or accounting treatment thereof will be done in the year in which the verdict is given.
Further, The Company has been making provision for bad and doubtful debts to the extent of 2 percent of the revenue from operation every year as per its accounting policy and accordingly that amount will be suf�icient to cover any eventualities arising in this case.
Therefore in our opinion the amounts are good and realisable only and hence no additional provision has been made on this account.
Also, writing off or provisioning for the above mentioned Trade receivables in the accounts, may amount to relinquishment of the Receivable amounts and therefore may give an upper hand to the parties (customers) in making their case stronger.
However, in the light of the observation the management assures to look into this and make necessary provisions if required in the next years’ accounts.
C. Other Comments
`
Managements’ Reply : Considering the geographical locational disadvantage and delay in receiving materials, the company keeps some minimum stock of spares for the compressors and pipelines to meet the emergency requirements so as to ensure un interrupted gas supply.
However, considering the non utilisation of some of the stock items for a considerable time and to ascertain the �itness of such spares and materials, the management has appointed a �irm of Chartered Accountants – R K Choudhry & Co, Dibrugarh, to conduct a physical veri�ication of all items of Stores & Spares and reconciliation of the same with the Stock Ledger, to identify the obsolete / un serviceable items and to submit a report to the management for further necessary action.
Therefore, upon receipt of the above report, appropriate adjustments / provisioning shall be made in the accounts for the next year, i.e., 2018-19, accordingly.
ANNUAL REPORT 2017 18 55
COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 143(6)(b) OF THE COMPANIES ACT 2013 ON THE CONSOLIDATED FINANCIAL STATEMENTS OF ASSAM GAS COMPANY LIMITED FOR THE YEAR ENDED 31 MARCH 2018.
A. Comments on the Pro itability
1. Statement of Consolidated Pro it & Loss Expenses Other Expenses (Note-28) Other operating Expenses(Note-28 C): `12.81 crore
`
`
Managements’ Reply : This inadvertent mistake is due to oversight and will be recti�ied in the next years’ accounts i.e 2018-19.
B. Comments on the Financial Position
1. Consolidated Balance Sheet Assets Current Assets Financial Assets Trade Receivables (Note-9): `122.40 crore
` `
`
`
`
Managements’ Reply : Regarding Trade Receivables of ̀ 28.01 crore, the amounts are pending realisation for a period of more than three years and therefore as advised by various auditors from time to time, have been classi�ied under “Bad and doubtful debts”.
It may further be noted that in case of EIPL (`20.32 crore) till the gas was being supplied, no dispute was raised by EIPL on any issues like quantity / quality of gas supplied or any other matter till stoppage of gas supply in January 2013. However, subsequently EIPL raised objections on the legal rights of the Company in demanding payments and interest on delayed payments in the absence of Gas Supply Agreement. Though EIPL had raised objections, at the same time had also agreed to pay the dues upon receiving the payments from ASEB / Govt. of Assam (GOA) accordingly.
Since, the Company (AGCL) didn’t receive any payment from EIPL , the Company initiated legal proceedings (Arbitration) as per the terms of the agreement for realization of the dues.
Regarding the receivables from Tea Gardens (`7.68 crore), some of our customers witheld part of bills raised by us over certain issues and �iled cases with different courts. Since the matter is subjudice, necessary realisation of the dues or accounting treatment thereof will be done in the year in which the verdict is given.
ANNUAL REPORT 2017 1856
Further, The Company has been making provision for bad and doubtful debts to the extent of 2 percent of the revenue from operation every year as per its accounting policy and accordingly that amount will be suf�icient to cover any eventualities arising in this case.
Therefore in our opinion the amounts are good and realisable only and hence no additional provision has been made on this account.
Also, writing off or provisioning for the above mentioned Trade receivables in the accounts, may amount to relinquishment of the Receivable amounts and therefore may give an upper hand to the parties (customers) in making their case stronger.
However, in the light of the observation the management assures to look into this and make necessary provisions if required in the next years’ accounts.
C. Other Comments
`
Managements’ Reply: Considering the geographical locational disadvantage and delay in receiving materials, the company keeps some minimum stock of spares for the compressors and pipelines to meet the emergency requirements so as to ensure un interrupted gas supply.
However, considering the non utilisation of some of the stock items for a considerable time and to ascertain the �itness of such spares and materials, the management has appointed a �irm of Chartered Accountants – R K Choudhry & Co, Dibrugarh, to conduct a physical veri�ication of all items of Stores & Spares and reconciliationof the same with the Stock Ledger, to identify the obsolete / un serviceable items and to submit a report to the management for further necessary action.
Therefore, upon receipt of the above report, appropriate adjustments / provisioning shall be made in the accounts for the next year, i.e., 2018-19, accordingly.
ANNUAL REPORT 2017 18 57
Sl. No
Standalone Independent Auditor’s Report Managements’ Reply
1. Opinion
Noted.
2. Report on Other Legal and Regulatory Requirements
Compliance Report, Noted for future guidance.
Managements’ Reply to Standalone Independent Auditor’s Report for the year ended 31st March, 2018
ANNUAL REPORT 2017 1858
Annexure - A to the Auditors’ Report
`
Noted.
Noted.
Noted.
(d), the company has sought con�irmation of balances of all the debtors but reply has been received from 214 nos. of consumers only con�irming the balances. However, this will be looked into in future.
Noted.
Noted.
ANNUAL REPORT 2017 18 59
Noted.
Noted.
Noted.
Noted.
Name of Statute Nature Of Dues Amount (Rs)Period To Which
The Amount Relates
Forum Where The Dispute Is Pending
Noted for necessary action. In case of Income Tax, amounts due on account of dis-allowance of expenses for different years are on appeal and we have taken up the matter with the AO through our Tax consultants. In case of Service Tax, on issues like tax on MDC TC, Marketing Margin and other misc. Issues, the appeals are pending before the CESTAT and are yet to come up for hearing and we are following up the same through our Tax consultants. In case of VAT – VAT demanded on TC, are on appeal.
ANNUAL REPORT 2017 1860
Noted.
Noted.
Noted.
Noted.
Noted.
Noted.
Noted.
Noted
Noted.
Annexure - B to the Auditors’ ReportOpinion
Noted.
ANNUAL REPORT 2017 18 61
ASSAM GAS COMPANY LIMITEDManagements’ Reply to
Independent Auditors’ Report on the Consolidated Financial StatementsOpinion
Noted.
Report on Other Legal and Regulatory Requirements
Noted the compliance Report.
ANNUAL REPORT 2017 1862
Annexure to the Auditors’ Report on the Consolidated Financial Statements(Referred to in paragraph 1 under ‘Report on Other Legal and Regulatory
Requirements’ of our report of even date)Opinion
Noted.
ANNUAL REPORT 2017 18 63
COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 143(6)(b) OF THE COMPANIES ACT. 2013 ON THE FINANCIAL STATEMENTS OF ASSAM GAS COMPANY LIMITED FOR THE YEAR ENDED 31 MARCH 2018
ASSAM GAS COMPANY LIMITED31 March, 2018
27 July, 2018
ASSAM GAS COMPANY LIMITED31 March 2018 under section 143(6)(a) of the Act
ANNUAL REPORT 2017 1864
A. COMMENTS ON PUOI’TTABILITV
1. Statement of Pro it and Loss
Expenses
Other Expenses (Note-27)
Other operating Expenses (Notc-27 C): =`9.79 crore
`
B. COMMENTS ON FINANCIAL POSITION
1. Balance Sheet Assets
Current Assets
Financial Assets
Trade Receivables (Noic-9): `110.47 crore
` `
`
`
`
C. OTHER COMMENTS
`
Sd/-
ANNUAL REPORT 2017 18 65
COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 143(6)(b) READ WITH SECTION 129(4) OF THE COMPANIES ACT, 2013 ON THE CONSOLIDATED FINANCIAL STATEMENTS OF ASSAM GAS COMPANY LIMITED FOR THE YEAR ENDED 31 MARCH 2018
ASSAM GAS COMPANY LIMITED31 March, 2018
27 JULY, 2018
ASSAM CAS COMPANY LIMITED31 March 2018
DNP LimitedAssam Gas Company Limited) the audit of Tripura Natural Gas
Company Limited Assam Gas Company Limited
ANNUAL REPORT 2017 1866
A. COMMENTS ON-PROFITABILITY1. Statement of Consolidated Pro it and Loss
Expenses
Other Expanses (Note-28)
Other operating Expenses (Note-28 C): `12.81 crore
`
`
B. COMMENTS ON FINANCIAL POSITION1. Consolidated Balance Sheet Assets
Current Assets
Financial Assets
Trade Receivables (Note-9): `122.40 crore
` `
`
`
`
C. OTHER COMMENTS`
Sd/-
ANNUAL REPORT 2017 18 67
ASSAM GAS COMPANY LIMITED
Independent Auditor's ReportTo the Members of ASSAM GAS COMPANY LIMITED
Report on the Standalone Ind AS Financial Statements
‘Assam Gas Company Limited’ 31 March 2018
Management’s Responsibility for the Standalone Financial Statements
Auditor’s Responsibility
ANNUAL REPORT 2017 1868
Opinion
Report on Other Legal and Regulatory Requirements
ANNUAL REPORT 2017 18 69
S. K. Mallick & Co.Chartered Accountants
Partner
ANNUAL REPORT 2017 1870
Annexure - A to the Auditors’ Report
`
ANNUAL REPORT 2017 18 71
Name Of Statute Nature Of Dues Amount (`) Period To Which The Amount Relates
Forum Where The Dispute Is Pending
ANNUAL REPORT 2017 1872
S. K. Mallick& Co.Chartered Accountants
Partner
ANNUAL REPORT 2017 18 73
Annexure - B to the Auditors’ ReportReport on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)
Management’s Responsibility for Internal Financial Controls
Auditors’ Responsibility
ANNUAL REPORT 2017 1874
Meaning of Internal Financial Controls over Financial Reporting
Inherent Limitations of Internal Financial Controls over Financial Reporting
Opinion
S. K. Mallick& Co.Chartered Accountants
Partner
ANNUAL REPORT 2017 18 75
Independent Auditors’ Reporton the Consolidated Financial Statements
TO THE MEMBERS OF ASSAM GAS COMPANY LIMITEDReport on the Consolidated Financial Statements
‘Assam Gas Company Limited’
Management’s Responsibility for the Consolidated Financial Statements
Auditor’s Responsibility
ANNUAL REPORT 2017 1876
Opinion
Report on Other Legal and Regulatory Requirements
ANNUAL REPORT 2017 18 77
S. K. Mallick& Co.Chartered Accountants
(Firm Registration No. 324892E)
Place : Guwahati (Camp)
Dated : 27th July 2018 Partner
ANNUAL REPORT 2017 1878
Annexure to the Auditors’ Report on theConsolidated Financial Statements
(Referred to in paragraph 1 under ‘Report on Other Legal and Regulatory Requirements’ of our report of even date)
Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)
‘Assam Gas Company Limited’
Management’s Responsibility for Internal Financial Controls
Auditors’ Responsibility
ANNUAL REPORT 2017 18 79
Meaning of Internal Financial Controls over Financial Reporting
Inherent Limitations of Internal Financial Controls over Financial Reporting
Opinion
S. K. Mallick& Co.Chartered Accountants
(Firm Registration No. 324892E)
Place : Guwahati (Camp)
Dated : 27th July 2018 Partner
ANNUAL REPORT 2017 1880
ASSAM GAS COMPANY LIMITED
We have conducted the Statutory audit of Assam Gas Company Limited; Duliajan, for the year ended 31st March 2018 in accordance with the directions/sub - directionsu/s. 143(5) of the Companies Act, 2013 as amended, and hereby certify that we have complied with all the guidelines issued to us.
S. K. Mallick & Co.Chartered Accountants
Firm Regd. No. 324892E
(CA. PRADIP BAKSI)Partner
(Membership No. 054264)
ANNUAL REPORT 2017 18 81
S. K. Mallick & Co.Chartered Accountants
Firm Regd. No. 324892E
(CA. PRADIP BAKSI)Partner
(Membership No. 054264)
Directions under section 143(5) of the Companies Act, 2013
SI. No Directions Response1
2
3
ANNUAL REPORT 2017 1882
ASSAM GAS COMPANY LIMITEDDULIAJAN :: ASSAM
BALANCE SHEET(Amount in Rupees)
Particulars NoteNo.
AS AT31-03-2018
AS AT31-03-2017
A ASSETS1) Non-current assets
2) Current assets
TOTAL 852 38 10 133 779 50 47 070
B EQUITY AND LIABILITIES
2. Liabilities
ANNUAL REPORT 2017 18 83
TOTAL 852 38 10 133 779 50 47 070
S. K. Mallick & Co.Chartered Accountants
Firm Regd. No. 324892E
Vijay Kr. L. A. K. Sharma
DIN-07285877
S. Bordoloi
DIN-07804287
D. Dev Gupta (CA. PRADIP BAKSI)Partner
(Membership No. 054264)
ANNUAL REPORT 2017 1884
ASSAM GAS COMPANY LIMITEDDULIAJAN :: ASSAM
STATEMENT OF PROFIT & LOSS(Amount in Ruppees)
Particulars
NoteNo.
AS AT31-03-2018
AS AT31-03-2017
ANNUAL REPORT 2017 18 85
S. K. Mallick & Co.Chartered Accountants
Firm Regd. No. 324892E
Vijay Kr. L. A. K. Sharma
DIN-07285877
S. Bordoloi
DIN-07804287
D. Dev Gupta (CA. PRADIP BAKSI)Partner
(Membership No. 054264)
ANNUAL REPORT 2017 1886
ASSAM GAS COMPANY LIMITEDDULIAJAN :: ASSAM
CASH FLOW STATEMENT
(Amount in Rupees)
Statement of Cash Flow For the year2017-18
For the year2016-17
I. CASH FLOW FROM “OPERATING ACTIVITIES”
II. CASH FLOW FROM “INVESTING ACTIVITIES”
ANNUAL REPORT 2017 18 87
III. CASH FLOW FROM “FINANCING ACTIVITIES”
S. K. Mallick & Co.Chartered Accountants
Firm Regd. No. 324892E
Vijay Kr. L. A. K. Sharma
DIN-07285877
S. Bordoloi
DIN-07804287
D. Dev Gupta (CA. PRADIP BAKSI)Partner
(Membership No. 054264)
ANNUAL REPORT 2017 1888
Consolidated Financial statements – 2017-18
CORPORATE INFORMATION & SIGNIFICANT ACCOUNTING POLICIES
1. Corporate Information
2. Signi icant Accounting Policies
2.1 (i) Convention
(ii) Change in Accounting Policy
`
ANNUAL REPORT 2017 18 89
3.
(iii) Use of Estimates
(iv) Tangible Assets
(v) Accounting of Work In Progress
unted for on crystallization of such amounts.(vi) Depreciation
ANNUAL REPORT 2017 1890
(vii) Investments
(viii) Stock of Stores
``
`
(ix) Trade Receivables
(x) Statement of Pro it & Loss
ANNUAL REPORT 2017 18 91
(xi) Financial Instruments
(a) Initial Recognition
(b) Subsequent Recognition
Financialhich is measured at fair value through profi t or loss.
(c) Fair Value of Financial instruments
Fair val
bilities. (xi) Dividends
ANNUAL REPORT 2017 1892
NO
TE 3
: Pr
oper
ty, P
lant
& E
quip
men
t (20
17-1
8)
GRO
SS B
LOCK
DEP
RECI
ATIO
NN
ET B
LOCK
(on
SLM
/ W
DV)
PART
ICU
LARS
COST
AS
AT
01-0
4-16
ADD
ITIO
N
FOR
THE
YEAR
ADJU
ST-
MEN
TS(d
isca
rd)
COST
AS
AT
31-0
4-17
UP
TO
01-0
4-16
FOR
THE
YEAR
Adju
stm
ent
to A
sset
s(d
urin
g ye
ar)
TOTA
L AT
31-0
3-17
AS A
T 3
1-03
-17
AS A
T 31
-03-
16
Tota
l13
4 67
32
562
6 76
77
813
014
1 44
10
375
11 8
4 94
151
6 33
06
718
018
18
00 8
6912
3 26
09
506
122
82 3
8 41
1
ANNUAL REPORT 2017 18 93
(Amount in Ruppees)
No. AS AT 31-03-2018
AS AT 31-03-2017
4 CAPITAL WORK - IN - PROGRESS
5 NON CURRENT INVESTMENTS
`
`
6 Financial Assets A. Loans
B. Other Financial Assets
7 OTHER NON-CURRENT ASSETS
ASSAM GAS COMPANY LIMITEDDULIAJAN :: ASSAM
NOTES ON ACCOUNTS - 2017-18 (Continued)
ANNUAL REPORT 2017 1894
8. INVENTORIES
9. FINANCIAL ASSETS - TRADE RECEIVABLES
Sundry debtors - Age Analysis
10. FINANCIAL ASSETS - CASH & CASH EQUIVALENTS
ANNUAL REPORT 2017 18 95
b) Balances with Banks:
11. FINANCIAL ASSETS - SHORT TERM LOANS & ADVANCES
ANNUAL REPORT 2017 1896
``
12. OTHER CURRENT ASSETS
13. EQUITY SHARE CAPITAL : AUTHORISED SHARE CAPITAL :
`
ISSUED, SUBSCRIBED, CALLED & PAID-UP:``
ANNUAL REPORT 2017 18 97
Equity Shares 31-03-2018 31-03-2017
`
Name of Shareholder 31-03-2018 31-03-2017
14. OTHER EQUITY
ANNUAL REPORT 2017 1898
15. FINANCIAL LIABILITIES - BORROWINGS
16. FINANCIAL LIABILITIES - OTHER FINANCIAL LIABILITIESNON CURRENT FINANCIAL LIABILITIES (i) Security Deposit From Domestic Consumers
(ii) SECURITY DEPOSIT FROM T.E. & OTHERS:
(iii) ADDITIONAL DEPOSIT FROM T.E. AND OTHERS:
ANNUAL REPORT 2017 18 99
CURRENT FINANCIAL LIABILITIES
17. DEFERRED TAX LIABILITY (Net)
` `
Deferred Tax Liability
18. NON CURRENT LIABILITIES - PROVISIONS
19. FINANCIAL LIABILITIES - TRADE PAYABLES
20. OTHER CURRENT LIABILITIES (I) STATUTORY LIABILITIES:
(II) OTHER LIABILITY
ANNUAL REPORT 2017 18100
(III) CURRENT MATURITIES OF LONG TERM LOAN
21. CURRENT LIABILITIES - PROVISIONS
22. REVENUE FROM OPERATIONS
23. OTHER INCOME
24. PURCHASES OF STOCK IN TRADE
ANNUAL REPORT 2017 18 101
25. EMPLOYEE BENEFITS EXPENSE (a) EMPLOYEES REMUNERATION & BENEFITS:
(b) MD’S REMUNERATION & BENEFITS
26. FINANCE COSTS
27. OTHER EXPENSES a) POWER & FUEL / COMPRESSION CHARGES
(b) RATES & TAXES:
(c) OTHER OPERATING EXPENSES:
ANNUAL REPORT 2017 18102
(d) TRAVELLING EXPENSES:
(e) AUDIT FEE & EXPENSES:
(f) CHAIRMAN’S EXPENSES:
ANNUAL REPORT 2017 18 103
(g) REPAIRS & MAINTENANCE
28. ` ``
`
29. Earning Per Equity ShareEquity Shares 31-03-2018 31-03-2017
`
`
ANNUAL REPORT 2017 18104
30. 1. Amount paid to Managing Director :`
`
` `
31. Balance Sheet
`
``
A copdated Financial Statements, as required under ‘Ind As – 27’, are annexed to herwith.
ANNUAL REPORT 2017 18 105
``
`
` `
`
joint Venture:
` `
`
ANNUAL REPORT 2017 18106
`
` `
`
a. `
`
`
``
`
ers) are yet to be received.
i. `
``
ANNUAL REPORT 2017 18 107
`
`
` `
`
`
`
``
`
ANNUAL REPORT 2017 18108
Particulars Amount```````
TOTAL Dr ` 60 62 452
f. Miscellaneous Rec `
Particulars Amount
`````
TOTAL Cr ` 89 90 602
``
`
ANNUAL REPORT 2017 18 109
``
`
`
`` `
`` `
`
ANNUAL REPORT 2017 18110
`
ANNUAL REPORT 2017 18 111
Name Of Statute
Nature Of Dues Amount(Rs) Period To Which The
Amount Relates
Forum Where The Dispute Is Pending
ANNUAL REPORT 2017 18112
` ``
`
`
`
xi. GENERAL :`
`
``
`
`
ANNUAL REPORT 2017 18 113
Nature of transaction Directors / Key Managerial Personnel Joint venture`
`
Balance as at 31.03.2018
`
`
ANNUAL REPORT 2017 18114
2015-16 2016-17 2017-18
Amount remaining unspent at the end of the year 3 32 45 502 4 18 54 402 4 43 31 977
` `
ANNUAL REPORT 2017 18 115
STAT
EMEN
T O
F CH
ANGE
S IN
EQ
UIT
Y 20
17-1
8
(Am
ount
in R
s.)
Part
icul
ars
Equi
ty
Shar
e Ca
pi-
tal
Oth
er E
quit
y
Shar
e ap
pli-
cati
on
mon
ey
pend
-in
g al
-lo
tmen
t
Equi
tyco
m-
po-
nent
of
com
-po
und
inan
-ci
al in-
stru
-m
ents
Rese
rves
and
Sur
plus
Deb
t in
stru
-m
ents
th
roug
h O
ther
Com
-pr
e-he
nsiv
e In
com
e
Equi
ty
Inst
ru-
men
tsth
roug
h O
ther
Com
pre-
hens
ive
Inco
me
Effe
c-tiv
e po
r-ti
on o
f Ca
shFl
owH
edg-
es
Reva
lua-
tion
Surp
lus
Exch
ange
di
ffer-
ence
s on
tr
ansl
at-
ing
the
inan
cial
st
ate-
men
ts o
f a
fore
ign
oper
atio
n
Oth
er
item
s of
O
ther
Co
m-
pre-
hen-
sive
Inco
me
(spe
ci-
fy n
a-tu
re)
Mon
eyre
-ce
ived
agai
nst
shar
ew
ar-
rant
s
Tota
lCa
pita
lRe
serv
e
Secu
ri-
ties
Pre-
miu
mRe
-se
rve
Gene
ral R
e-se
rve
Reta
ined
Earn
ings
ANNUAL REPORT 2017 18116
STAT
EMEN
T O
F CH
ANGE
S IN
EQ
UIT
Y 20
16-1
7
(Am
ount
in R
s.)
Part
icul
ars
Equi
ty
Shar
e Ca
pi-
tal
Oth
er E
quit
y
Shar
e ap
pli-
cati
on
mon
ey
pend
-in
g al
-lo
tmen
t
Equi
tyco
mpo
-ne
nt o
fco
m-
poun
din
an-
cial
inst
ru-
men
ts
Rese
rves
and
Sur
plus
Deb
t in
stru
-m
ents
th
roug
h O
ther
Com
-pr
e-he
nsiv
e In
com
e
Equi
ty
Inst
ru-
men
tsth
roug
h O
ther
Com
pre-
hens
ive
Inco
me
Effe
c-tiv
e po
r-ti
on o
f Ca
shFl
owH
edg-
es
Re-
valu
a-ti
onSu
r-pl
us
Exch
ange
di
ffer-
ence
s on
tr
ansl
at-
ing
the
inan
cial
st
ate-
men
ts o
f a
fore
ign
oper
atio
n
Oth
er
item
s of
O
ther
Co
m-
pre-
hen-
sive
Inco
me
(spe
ci-
fy n
a-tu
re)
Mon
eyre
-ce
ived
agai
nst
shar
ew
ar-
rant
s
Tota
lCa
pita
lRe
serv
e
Secu
-ri
ties
Pre-
miu
mRe
-se
rve
Gene
ral R
e-se
rve
Reta
ined
Earn
ings
ANNUAL REPORT 2017 18 117
31 Financial instruments – Fair values and risk managementA. Accounting classi ication and fair values
(Amount in Rs.) Carrying amount Fair value
March 31, 2018 Mandatorily at FVTPL
FVTOCI - desig-nated
as such
Amortised Cost Total Level
1 Level 2 Level 3 Total
Financial assets
53 30 82 062 19 95 01 431 73 25 83 493 53 30 82 062 53 30 82 062
(Amount in Rs.)
Carrying amount Fair value
March 31, 2017 Mandatorily at FVTPL
FVTOCI - desig-nated
as such
Amortised Cost Total Level
1 Level 2 Level 3 Total
- - 560 09 19 991 560 09 19 991 - - - -
NOTES ON ACCOUNTS 2017-18 (Continued)
ANNUAL REPORT 2017 18118
(Financial instruments – Fair values and Risk Management (continued)Financial liabilities
51 78 91 374 24 36 00 135 76 14 91 509 51 78 91 374 51 78 91 374
B. Measurement of fair valuesValuation techniques and signi icant unobservable inputs
Financial instruments measured at fair value
Type Valuation techniqueSigni icant
unobservable inputs
Inter-relationship between
signi icant unobservable
inputsand fair value measurement
Deposit from CustomerPresent Value techniques
using appropriate discounting rates
Not applicable Not Applicable
C. Financial risk management
i. Risk management framework
ANNUAL REPORT 2017 18 119
i. Market risk
ii. Credit risk
Trade and other receivables
``
March 31, 2018 Gross carrying amount Weighed average loss rate - range Loss allowance
Neither past due not impaired
March 31, 2017 Gross carrying amount Weighed average loss rate - range Loss allowance
Neither past due not impaired
Cash and cash equivalents
` `
ANNUAL REPORT 2017 18120
C. Financial risk management (continued)
iii. Liquidity risk
Exposure to liquidity risk(Amount in Rupees)
Contractual cash lows
March 31, 2018 Carrying amount Total Upto 1 year 1-3 years 3-5 years More than 5
years
(Amount in Rupees) Contractual cash lows
March 31, 2017 Carrying amount Total Upto 1 year 1-3 years 3-5 years More than 5
years
NOTES ON ACCOUNTS 2017-18 (Continued)
ANNUAL REPORT 2017 18 121
ASSAM GAS COMPANY LIMITEDDULIAJAN, (ASSAM)
CONSOLIDATED BALANCE SHEET
(Amount in Rupees)
Particulars
NoteNo.
AS AT31-03-2018
AS AT31-03-2017
A ASSETS1) Non-current assets
2) Current assets
TOTAL 1069 25 66 056 958 97 80 824
ANNUAL REPORT 2017 18122
B EQUITY AND LIABILITIES1. Equity
2. Liabilities
3. Current Liabilities
TOTAL 1069 25 66 056 958 97 80 824
S. K. Mallick & Co.Chartered Accountants
Firm Regd. No. 324892E
Vijay Kr. L. A. K. Sharma
DIN-07285877
S. Bordoloi
DIN-07804287
D. Dev Gupta (CA. PRADIP BAKSI)Partner
(Membership No. 054264)
ANNUAL REPORT 2017 18 123
Note AS AT AS ATParticulars No. 31-03-2018 31-03-2017
101 54 91 429 79 96 53 825
ASSAM GAS COMPANY LIMITEDDULIAJAN, (ASSAM)
STATEMENT OF CONSOLIDATED PROFIT & LOSS
ANNUAL REPORT 2017 18124
(Amount in Rupees)
Note AS AT AS ATParticulars No. 31-03-2018 31-03-2017XVI. Other Comprehensive Income A (i) Items that will not be reclassifi ed to profi t or loss 0 0 (ii) Income tax relating to items that will not be
reclassifi ed to profi t or loss 0 0 B (i) Items that will be reclassifi ed to profi t or loss 0 0 (ii) Income tax relating to items that will be reclassifi ed
to profi t or loss 0 0
XVII. Total Comprehensive Income for the period (XV+XVI) (Comprising Profi t (Loss) and Other Comprehensive Income for the period) 101 54 91 429 79 96 53 825
XVIII. Earnings per equity share: 30 (1) Basic 612 486 (2) Diluted 612 486
ASSAM GAS COMPANY LIMITEDDULIAJAN, (ASSAM)
STATEMENT OF CONSOLIDATED PROFIT & LOSS (Continued)
S. K. Mallick & Co.Chartered Accountants
Firm Regd. No. 324892E
Vijay Kr. L. A. K. Sharma
DIN-07285877
S. Bordoloi
DIN-07804287
D. Dev Gupta (CA. PRADIP BAKSI)Partner
(Membership No. 054264)
ANNUAL REPORT 2017 18 125
(Amount in Rupees)
Statement of Cash Flow For the year2017-18
For the year2016-17
II. CASH FLOW FROM “INVESTING ACTIVITIES”
III. CASH FLOW FROM “FINANCING ACTIVITIES”
ASSAM GAS COMPANY LIMITEDDULIAJAN, (ASSAM)
NOTES ON CONSOLIDATED ACCOUNTS 2017-18 (Continued)
ANNUAL REPORT 2017 18126
S. K. Mallick & Co.Chartered Accountants
Firm Regd. No. 324892E
Vijay Kr. L. A. K. Sharma
DIN-07285877
S. Bordoloi
DIN-07804287
D. Dev Gupta (CA. PRADIP BAKSI)Partner
(Membership No. 054264)
ANNUAL REPORT 2017 18 127
Consolidated Financial statements – 2017-18CORPORATE INFORMATION & SIGNIFICANT ACCOUNTING POLICIES
1. Corporate Information
Subsidiary Company
` ``
Associated Company - Joint venture
`` `
2. Signi icant Accounting Policies
2.1 Basis of preparation of Consolidated Financial Statements
2.2 PRINCIPLES OF CONSOLIDATION
ANNUAL REPORT 2017 18128
C. Investments other than in subsidiary have been accounted as per Accounting Standard (Ind AS) 28 on “Investment in Associates and joint ventures”.
D. Other signi icant accounting policies
ANNUAL REPORT 2017 18 129
GRO
SS B
LOCK
DEP
RECI
ATIO
NN
ET B
LOCK
(SLM
)on
SLM
/ W
DV
PART
ICU
LARS
COST
AS
AT
01-0
4-17
ADD
ITIO
N
FOR
THE
YEAR
ADJU
ST-
MEN
T(d
isca
rd)
COST
AS
AT
31/0
3/20
18U
P TO
01
-04-
17FO
R TH
E YE
AR
Adju
stm
ent
to A
sset
s(d
urin
g ye
ar)
TOTA
L(u
nder
SLM
)AS
AT
31-0
3-18
AS A
T 31
-03-
17
Tota
l
420
84 3
2 22
67
33 1
8 43
665
6442
8 17
44
098
40 9
2 53
203
19 2
0 46
991
-143
860
12
98 7
5636
8 04
45
342
379
91 7
9 02
2
Con
solid
ated
Fin
anci
al s
tate
men
ts –
201
7-18
NO
TE
4
Pro
pert
y, P
lan
t & E
quip
men
t (20
17-1
8)
ANNUAL REPORT 2017 18130
ASSAM GAS COMPANY LIMITEDDULIAJAN, (ASSAM)
NOTES ON CONSOLIDATED ACCOUNTS 2017-18 (Continued)
(Amount in Rupees)
No. AS AT 31-03-2018
AS AT 31-03-2017
4 CAPITAL WORK - IN - PROGRESS
5 NON CURRENT INVESTMENTS
6 Financial Assets
7 OTHER NON-CURRENT ASSETS
ANNUAL REPORT 2017 18 131
8 INVENTORIES
9 FINANCIAL ASSETS - TRADE RECEIVABLES
Sundry debtors - Age Analysis
ANNUAL REPORT 2017 18132
10 FINANCIAL ASSETS - CASH & CASH EQUIVALENTS
ANNUAL REPORT 2017 18 133
11 FINANCIAL ASSETS - SHORT TERM LOANS & ADVANCES
12 OTHER CURRENT ASSETS
13 EQUITY SHARE CAPITAL :
`
`
`
ANNUAL REPORT 2017 18134
Equity Shares 31-03-2018 31-03-2017
Face Value of the Equity Shares (each)No. of Shares outstanding at the beginning of the yearAmount of Shares outstanding at the beginning of the yearNo. of Shares Issued during the yearAmount of Shares Issued during the yearNo of Shares bought back during the yearAmount of Shares bought back during the yearNo of Shares outstanding at the end of the yearAmount of Shares outstanding at the end of the year
Terms and rights attached to equity shares`
Details of Shareholders holding more than 5% shares in the CompanyName of Shareholder 31-03-2018 31-03-2017
14 OTHER EQUITY
ANNUAL REPORT 2017 18 135
15 MINORITY INTEREST
16 FINANCIAL LIABILITIES - BORROWINGS
17 FINANCIAL LIABILITIES - OTHER FINANCIAL LIABILITIES
ANNUAL REPORT 2017 18136
18. DEFERRED TAX LIABILITY ( Net)
19. NON CURRENT LIABILITIES - PROVISIONS
20. FINANCIAL LIABILITIES - TRADE PAYABLES
21. OTHER CURRENT LIABILITES (I) STATUTORY LIABILITIES
ANNUAL REPORT 2017 18 137
(II) OTHER LIABILITY
(III) CURRENT MATURITIES OF LONG TERM LOAN 0 0
22. CURRENT LIABILITIES - PROVISIONS
23. REVENUE FROM OPERATIONS
24. OTHER INCOME
ANNUAL REPORT 2017 18138
25. PURCHASES OF STOCK IN TRADE
26. EMPLOYEE BENEFITS EXPENSE(a) EMPLOYEES REMUNERATION & BENEFITS:
(b) MD’S REMUNERATION & BENEFITS
27. FINANCE COSTS
ANNUAL REPORT 2017 18 139
28. OTHER EXPENSESa) POWER & FUEL / COMPRESSION CHARGES
(b) RATES & TAXES
(c) OTHER OPERATING EXPENSES
ANNUAL REPORT 2017 18140
(d) TRAVELLING EXPENSES:
(e) AUDIT FEE & EXPENSES:
(f) CHAIRMAN/Dy. CH ‘S EXPENSES:
(g) REPAIRS & MAINTENANCE
ANNUAL REPORT 2017 18 141
29. ` ```
30. Earning Per Equity ShareEquity Shares 31-03-2018 31-03-2017
`
`
ANNUAL REPORT 2017 18142
31 F
inan
cial
inst
rum
ents
– F
air
valu
es a
nd r
isk
man
agem
ent
(Am
ount
in R
s.)
Carr
ying
am
ount
Fair
val
ue
Mar
ch 3
1, 2
018
Man
dato
rily
at
FVT
PL
FVTO
CI -
desi
gnat
ed
as s
uch
Amor
tise
d Co
stTo
tal
Leve
l 1Le
vel 2
Leve
l 3To
tal
ANNUAL REPORT 2017 18 143
(Am
ount
in R
s.)
ANNUAL REPORT 2017 18144
Type
Valu
atio
n te
chni
que
Sign
iica
ntun
obse
rvab
le in
puts
Inte
r-re
lati
onsh
ip
betw
een
sign
iica
nt
unob
serv
able
inpu
tsan
d fa
ir v
alue
m
easu
rem
ent
ANNUAL REPORT 2017 18 145
ii. C
redi
t ris
k
Gros
s ca
rryi
ng a
mou
ntW
eigh
ed a
vera
ge
loss
rate
- ra
nge
Loss
allo
wan
ce
Nei
ther
pas
t due
not
impa
ired
ANNUAL REPORT 2017 18146
Gros
s ca
rryi
ng a
mou
ntW
eigh
ed a
vera
ge
loss
rate
- ra
nge
Loss
allo
wan
ce
Nei
ther
pas
t due
not
impa
ired
Cash
and
cas
h eq
uiva
lent
s
``
ANNUAL REPORT 2017 18 147
iii. Liquidity risk
Exposure to liquidity risk(Amount in Ruppees)
Contractual cash lows
March 31, 2018 Carrying amount Total Up to
1 year 1-3 years 3-5 years More than5 years
(Amount in Ruppees) Contractual cash lows
March 31, 2017 Carrying amount Total Up to
1 year 1-3 years 3-5 years More than5 years
ASSAM GAS COMPANY LIMITEDDULIAJAN, (ASSAM)
NOTES ON CONSOLIDATED ACCOUNTS 2017-18 (Continued)
C. Financial risk management (continued)
ANNUAL REPORT 2017 18148
32. Balance Sheet
i. Equity Share Capital
a. Subsidiary Company (DNP Limited)
Authorised Capital: AS AT 31-03-2018 AS AT 31-03-2017
`
Issued, subscribed and paid up :
`
Terms / rights attached to equity shares
`
Shares held by Holding Company
AS AT 31-03-2018 AS AT 31-03-2017
`
Details of share holders’ holding in the Company
Name of the shareholder AS AT 31-03-2018 AS AT 31-03-2017
Number % of holding Number % of holding
b. Associated Company (Tripura Natural Gas Co. Limited)
Authorised Capital: AS AT 31-03-2018 AS AT 31-03-2017
`
Issued, subscribed and paid up :
`
Terms / rights attached to equity shares
ANNUAL REPORT 2017 18 149
Shares held by the Company
AS AT 31-03-2018 AS AT 31-03-2017
`
Details of other share holders in the associated Company
ii. Long Term Borrowings :
`
`
`
iii. Minority Interest :
33. Previous years’ igures have been regrouped / rearranged wherever necessary for comparison and con irms to current years’ classi ications and recasting.
ANNUAL REPORT 2017 18150
DNP LimitedDuliajan
ANNUAL REPORT 2017 18 151
AUDITOR’S COMPLIANCE CERTIFICATE
KANOI ASSOCIATES
AAKASH AGARWALLA
ANNUAL REPORT 2017 18152
KANOI ASSOCIATES
AAKASH AGARWALLA
Directions under section 143(5) of the Companies Act, 2013
Sl. No. Directions Response
ANNUAL REPORT 2017 18 153
Independent Auditor’s Reportto the members of DNP Limited: Duliajan
Report on the Audit of Standalone Financial Statements
Opinion
Basis for Opinion
Responsibility of Management for Standalone Financial Statements
ANNUAL REPORT 2017 18154
Auditor’s Responsibilities for the Audit of the Financial Statements
REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS
(a)
(b)
(c)
(d)
(e)
(f)
(i)
(ii)
(iii)
For KANOI ASSOCIATES Chartered Accountants ICAI Regn. No: 309101E
Sd/- (AAKASH AGARWALLA)Place : DIBRUGARH PartnerDate : 11TH JULY, 2018 M. No: 058427
ANNUAL REPORT 2017 18 155
THE ANNEXURE-A REFERRED TO IN PARAGRAPH 1 UNDER THE HEADING “REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS” OF OUR REPORT OF EVEN DATE TO THE MEMBERS OF DNP LIMITED, DULIAJAN FOR THE YEAR ENDED ON 31ST MARCH, 2018. WE REPORT THAT:
(i)
(b)
(c)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
ANNUAL REPORT 2017 18156
(viii)
(ix)
(x)
(xi)
(xii)
(xiii)
(xiv)
(xv)
(xvi)
For KANOI ASSOCIATES Chartered Accountants ICAI Regn. No: 309101E
Sd/- (AAKASH AGARWALLA)Place : DIBRUGARH PartnerDate : 11TH JULY, 2018 M. No: 058427
ANNUAL REPORT 2017 18 157
Annexure-B to the Independent Auditor’s Report of even dateon the inancial statements of DNP Limited, Duliajan
Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)
Management’s Responsibility for Internal Financial Controls
Auditors’ Responsibility
ANNUAL REPORT 2017 18158
Meaning of Internal Financial Controls over Financial Reporting
(1)
(2)
(3)
Inherent Limitations of Internal Financial Controls Over Financial Reporting
Opinion
For KANOI ASSOCIATES Chartered Accountants ICAI Regn. No: 309101E
Sd/- (AAKASH AGARWALLA)Place : DIBRUGARH PartnerDate : 11TH JULY, 2018 M. No: 058427
ANNUAL REPORT 2017 18 159
COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 143(6)(b) OF THE COMPANIES ACT, 2013 ON THE FINANCIAL STATEMENTS OF DNP LIMITED FOR THE YEAR ENDED31 MARCH 2018
ANNUAL REPORT 2017 18160
A. Comments on Disclosure
For and on the behalf of the Comptroller and Auditor General of India
Place : GuwahatiDate : 17-09-2018
Sd/- Accountant General (Audit), Assam
ANNUAL REPORT 2017 18 161
Balance Sheet` in thousands
PARTICULARS NOTE NO AS AT 31-MAR-2018
AS AT 31-MAR-2017
ASSETS1 NON-CURRENT ASSETS
3 (i)3 (ii)
45
2 CURRENT ASSETS6
789
1011
TOTAL ASSETS 29,45,854 28,86,512 EQUITY AND LIABILITIES
11213
2
141516
3
17151819
TOTAL EQUITY AND LIABILITIES 29,45,854 28,86,512
For and on behalf of Kanoi Associates
Sd/- (CA. Aakash Agarwalla)
For and on behalf of the Board of Directors
Sd/- A. K. Sharma
Sd/- Samujjal Borah
Sd/- Ashwini Pait
1 & 23 - 36
ANNUAL REPORT 2017 18162
1 & 23 - 36
` in thousands
PARTICULARS OTE NO YEAR ENDED 31-MAR-2018
YEAR ENDED 31-MAR-2017
8,14,895 6,84,904
3,24,799 3,70,966
3,23,066 1,34,875
Statement of Pro it and Loss
For and on behalf of Kanoi Associates
Sd/- (CA. Aakash Agarwalla)
For and on behalf of the Board of Directors
Sd/- A. K. Sharma
Sd/- Samujjal Borah
Sd/- Ashwini Pait
ANNUAL REPORT 2017 18 163
` in
thou
sand
s
PARTICULARS
EQUITY SHARE CAPITAL
OTH
ER E
QU
ITY
RESE
RVES
AN
D S
URP
LUS
TOTAL
2,5
0,89
7 -
2,5
0,89
7
1,3
4,87
5
(28,
433) -
(5,7
88)
3,5
1,55
1
Stat
emen
t of C
hang
es in
Equ
ity
ANNUAL REPORT 2017 18164
` in
thou
sand
s
PARTICULARS
EQUITY SHARE CAPITAL
OTH
ER E
QU
ITY
RESE
RVES
AN
D S
URP
LUS
TOTAL
3,5
1,55
1 -
3,5
1,55
1
3,2
3,06
6
(41,
813) -
(8,5
12)
6,2
4,29
2
ANNUAL REPORT 2017 18 165
` in thousands ` in thousandsCASH FLOW FROM OPERATING ACTIVITIES 31-Mar-18 31-Mar-17
ADD ADJUSTMENTS FOR
LESS ADJUSTMENTS FOR
ADJUSTMENTS FOR
NET CASH FROM OPERATING ACTIVITIES (AFTER TAX) 3,19,170 4,58,112 CASH FLOW FROM INVESTING ACTIVITIES
NET CASH FROM INVESTING ACTIVITIES 7,009 (52,715)CASH FLOW FROM FINANCING ACTIVITIES
NET CASH FROM FINANCING ACTIVITIES (1,84,326) (3,56,680)NET INCREASE IN CASH AND CASH EQUIVALENT 1,41,852 48,717
INCREASE IN CASH AND CASH EQUIVALENT 1,41,852 48,717
Cash Flow Statement for the period ended
For and on behalf of Kanoi Associates
Sd/- (CA. Aakash Agarwalla)
For and on behalf of the Board of Directors
Sd/- A. K. Sharma
Sd/- Samujjal Borah
Sd/- Ashwini Pait
ANNUAL REPORT 2017 18166
1. CORPORATE INFORMATION
2. SIGNIFICANT ACCOUNTING POLICIES
A. BASIS FOR PREPARATION
B. USE OF ESTIMATES
C. PROPERTY, PLANT AND EQUIPMENT
a) Land
b) Fixed Asset other than Land
c) Intangible Assets:
ANNUAL REPORT 2017 18 167
d) Expenditure during construction period:
e) Pre-operative Expenditure
D. DEPRECIATION
`
E. INVENTORIES
F. REVENUE RECOGNITION
ANNUAL REPORT 2017 18168
`
G. CLASSIFICATION OF INCOME/EXPENSES
`
`
H. BORROWING COSTS
I. FOREIGN CURRENCY TRANSACTION
J. CAPITAL GRANTS
K. PROVISIONS, CONTINGENT LIABILITIES AND CAPITAL COMMITMENTS
`
`
L. TAXES ON INCOME
ANNUAL REPORT 2017 18 169
M. IMPAIRMENT OF ASSETS
N. CENVAT / GST INPUT CREDIT
O. FINANCIAL INSTRUMENTS
(a) Initial Recognition
(b) Subsequent Recognition
(c) Fair Value of Financial instruments
ANNUAL REPORT 2017 18170
Not
es F
orm
ing
Part
of F
inan
cial
Sta
tem
ents
Gro
ss B
lock
/Cos
t D
epre
ciat
ion
PART
ICU
LARS
TOTA
L 2
8,14
,318
4
7,38
2 -
28,
61,7
00
1,5
3,79
2 1
,36,
967
- 2
,90,
759
25,
70,9
41
26,
60,5
26
3 (i
) Pro
pert
y, P
lant
and
Equ
ipm
ents
` `
ANNUAL REPORT 2017 18 171
`
`
3 (i)
Pro
pert
y, P
lant
and
Equ
ipm
ents
PART
ICU
LARS
TOTA
L 2
8,61
,700
5
,640
6
2
8,67
,334
2
,90,
759
1,2
8,74
0 1
4
,19,
498
24,
47,8
36
25,
70,9
41
TOTA
L -
302
-
302
-
3 (i
i) C
apit
al W
ork-
in-p
rogr
ess
ANNUAL REPORT 2017 18172
4 INTANGIBLE ASSETS UNDER DEVELOPMENT ` in thousands31-Mar-18 31-Mar-17
SOFTWARE
90 90
5 OTHER NON-CURRENT ASSETS ` in thousands31-Mar-18 31-Mar-17
874 872
6 INVENTORIES ` in thousands31-Mar-18 31-Mar-17
80,147 50,173
7 TRADE RECEIVABLES ` in thousands31-Mar-18 31-Mar-17
Unsecured
Not Exceeding Six Months :
1,19,313 1,20,297
8 CASH AND CASH EQUIVALENTS ` in thousands31-Mar-18 31-Mar-17
2,60,369 1,18,517
9 OTHER BANK BALANCES ` in thousands31-Mar-18 31-Mar-17
14,247 15,075
Notes Forming Part of Financial Statements
ANNUAL REPORT 2017 18 173
10 CURRENT TAX ASSETS (NET) ` in thousands31-Mar-18 31-Mar-17
Reconciliation of effective tax rate ` in thousands
For the year ended March
31, 2018
For the year ended March
31, 2017
Pro it before tax 4,90,096 3,07,035
Tax effect of:
Current Tax (A) 1,04,522 65,228
(B)Tax expense as per Statement of Pro it & Loss (A+B) 1,67,030 1,72,160
11 OTHER CURRENT ASSETS ` in thousands31-Mar-18 31-Mar-17
Security Deposits
Loans and advances to releated parties
Other Loans and advancesTo Employees
To Others
12,873 7,276
` `
`
ANNUAL REPORT 2017 18174
12 EQUITY SHARE CAPITAL ` in thousands31-Mar-18 31-Mar-17
Equity SharesAuthorised
17,00,000 17,00,000 Issued, Subscribed and Paid up
16,72,500 16,72,500
a. Reconciliation of the shares outstanding at the beginning and at the end of the reporting period
` in thousands31-Mar-18 31-Mar-17
Equity Shares Number Amount Number Amount
b. Terms/right attached to equity shares
c. Shares held by holding company
` in thousands31-Mar-18 31-Mar-17
d. Details of shareholders holding more than 5% shares in the company31-Mar-18 31-Mar-17
Number % of Holding Number % of HoldingName of Shareholders
13 OTHER EQUITY ` in thousands
General Reserve Pro it & Loss Account Total
As at 01-April- 2016
As at 31-Mar-17 3,51,051 500 3,51,551 As at 01-April- 2017 3,51,051 500 3,51,551
As at 31-Mar-18 3,00,726 3,23,566 6,24,292
ANNUAL REPORT 2017 18 175
14 BORROWINGS ` in thousands
Non-current portion Current Maturities
31-Mar-18 31-Mar-17 31-Mar-18 31-Mar-17
Term Loans
From Assam Gas Company Limited
Secured - -
Unsecured - 1,08,000 1,08,000 2,70,000
Amount disclosed under the head “Other Financial Liabilities”.
- 1,08,000 - -
Additional Information to Secured/Unsecured Long Term Borrowings:
Detail of Securities and Terms of repayment
`` `
15 OTHER FINANCIAL LIABILITIES ` in thousands31-Mar-18 31-Mar-17
Non-Current:
(A) 16,066 19,988 Current:
(B) 1,69,809 3,28,552 TOTAL (A+B) 1,85,875 3,48,540
ANNUAL REPORT 2017 18176
16 DEFERRED TAX LIABILITIES (NET) ` in thousands31-Mar-18 31-Mar-17
Deferred Tax Liability
TOTAL 4,36,905 4,12,491
Deferred Tax Assets
TOTAL - 38,094
Net Deferred Tax Liability
17 TRADE PAYABLE ` in thousands
31-Mar-18 31-Mar-17
23,702 28,133
18 OTHER CURRENT LIABILITIES ` in thousands
31-Mar-18 31-Mar-17
2,577 3,388
19 PROVISIONS ` in thousands
31-Mar-18 31-Mar-17
3 3
ANNUAL REPORT 2017 18 177
21 OTHER INCOME ` in thousands
April - Mar 18 April - Mar 17
Interest Income
14,277 19,823
22 EMPLOYEE BENEFITS EXPENSE ` in thousands
April - Mar 18 April - Mar 17
Salaries and wages
23 FINANCE COSTS ` in thousands
April - Mar 18 April - Mar 17
Interest expenses on loans
28,203 54,460
20 REVENUES FROM OPERATIONS ` in thousands
April - Mar 18 April - Mar 17
Sale of Services
8,00,618 6,65,080
` `
ANNUAL REPORT 2017 18178
24 OTHER EXPENSES ` in thousandsApril - Mar 18 April - Mar 17
1,39,201 1,49,491
25 EXCEPTIONAL ITEMS ` in thousandsApril - Mar 18 April - Mar 17
6,902
ANNUAL REPORT 2017 18 179
26 F
INAN
CIAL
INST
RUM
ENTS
– F
AIR
VALU
ES A
ND
RIS
K M
ANAG
EMEN
T
A. A
ccou
ntin
g cl
assi
icat
ion
and
fair
val
ues
` in
thou
sand
sCa
rryi
ng a
mou
ntFa
ir v
alue
Mar
ch 3
1, 2
018
Man
dato
rily
at F
VTPL
FV
TOCI
- des
igna
ted
as su
chAm
ortis
ed C
ost
Tota
lLe
vel 1
Leve
l 2Le
vel 3
Tota
l
Fina
ncia
l ass
ets
- -
3,9
3,92
9 3
,93,
929
- -
- -
Fina
ncia
l lia
bilit
ies
28,
976
- 1
,80,
601
2,0
9,57
7 -
28,
976
- 2
8,97
6
Carr
ying
am
ount
Fair
val
ueM
arch
31,
201
7M
anda
tori
ly a
t FVT
PLFV
TOCI
- de
sign
ated
as
suc
hAm
orti
sed
Cost
Tota
lLe
vel 1
Leve
l 2Le
vel 3
Tota
l
Fina
ncia
l ass
ets
- -
2,5
3,88
9 2
,53,
889
- -
- -
Fina
ncia
l lia
bilit
ies
28,
893
- 4
,55,
780
4,8
4,67
3 -
28,
893
- 2
8,89
3
ANNUAL REPORT 2017 18180
B. M
easu
rem
ent o
f fai
r va
lues
Fina
ncia
l ins
trum
ents
mea
sure
d at
fair
val
ue
Type
Valu
atio
n te
chni
que
Sign
iica
ntun
obse
rvab
le in
puts
Inte
r-re
lati
onsh
ip b
etw
een
sign
iica
nt
unob
serv
able
inpu
ts a
nd fa
ir v
alue
m
easu
rem
ent
C. F
inan
cial
ris
k m
anag
emen
t
i. Ri
sk m
anag
emen
t fra
mew
ork
i. M
arke
t ris
k
ANNUAL REPORT 2017 18 181
ii. Credit risk
Trade and other receivables
``
` in thousands
31-Mar-18 Gross carrying amount Weighed average loss rate - range Loss allowance
Neither past due not impaired
31-Mar-17 Gross carrying amount Weighed average loss rate - range Loss allowance
Neither past due not impaired
1,20,297 - -
Cash and cash equivalents
` `
ANNUAL REPORT 2017 18182
iii. Liquidity risk
Exposure to liquidity risk
` in thousands
Contractual cash lows
March 31, 2018 Carrying amount Total Up to
1 year 1-3 years 3-5 years More than5 years
Financial liabilities
` in thousands
Contractual cash lows
March 31, 2017 Up to1 year 1-3 years 3-5 years More than
5 years
Deposit from Customer
27` `
`
28 Earnings per equity share ` in thousands
31-Mar-18 31-Mar-17
`
`
`
29
30
ANNUAL REPORT 2017 18 183
33 Related Party Transactions
Particulars
` in thousands
Particulars 31-Mar-18 31-Mar-17
Terms and Conditions and nature of consideration for settlement:
31
32 Contingent Liabilities ` in thousands
31-Mar-18 31-Mar-17
Contingent Liabilities :
Guarantees : -
14,097 12,299
Commitments :
39,481 4,173
ANNUAL REPORT 2017 18184
` in thousands
Particulars Nature of Transactions 31-Mar-18 31-Mar-17
Revenue Transactions:
` in thousands
Key management personnel compensation 31-Mar-18 31-Mar-17
34 Reconciliation of Expenditure on Corporate Social Responsibility (CSR) Activities are as follows:
` in thousands
2017-18 2016-17
Amount remaining unspent at the end of the year 858 4,930
35 Dividend
36 Previous year igures
ANNUAL REPORT 2017 18 185
Tripura Natural Gas Company Limited(TNGCL)
ANNUAL REPORT 2017 18186
Balance Sheet as at 31 March 2018
Amount in Rs.
Particulars Note As at 31 March 2018
As at 31 March 2017
ASSETSNon Current Assets
Subtotal (A) 72,20,07,868 72,35,08,059
Current Assets
Subtotal (B) 53,28,46,900 38,75,09,519
Total Assets (A+B) 1,25,48,54,769 1,11,10,17,578
ANNUAL REPORT 2017 18 187
In terms of our report of even date
S. A. Majumdar & AssociatesBanani Debbarman N.Gangopadhayay
S.Majumdar Pradeep Kr. Mahato Atanu Datta Choudhury
EQUITY AND LIABILITIES
EQUITY
Total equity (C.) 76,28,42,902 64,69,14,114
LIABILITIES
Non Current Liabilities
Subtotal (D) 26,48,34,251 26,12,06,425
Current Liabilities
Subtotal (E) 22,71,77,616 20,28,97,038
Total Equity and Liabilities (C+D+E) 1,25,48,54,769 1,11,10,17,577 Refer accompanying notes to the inancial statements
ANNUAL REPORT 2017 18188
Statement of Pro it & Loss for the Year ended 31st March 2018
Amount in Rs.
Particulars NoteNo.
Year Ended 31 March 2018
Year Ended 31 March 2017
I. Revenue from Operations (Gross)II. Other IncomeIII Total Revenue (I+II) 80,42,80,552 70,22,68,255
IV. Total Expenses 61,45,19,628 53,05,20,624 V. Pro it before Tax (III - IV) 18,97,60,923 17,17,47,631 VI. Tax Expenses - Current Year - Earlier Years Deferred TaxVII. Pro it for the Period (V-VI) 11,73,46,927 11,30,03,312 Other Comprehensive income VIII. Items that will not be reclassi ied to pro it or loss in subsequent periods
IX. Net other comprehensive loss not to be reclassi ied to pro it or loss in subsequent periods (14,18,139.30) -
Total comprehensive income (VII+ IX) 11,59,28,788 11,30,03,311.52
Earning Per Equity Share (Face Value `100/-each) 299.35 288.27 299.35 288.27
ANNUAL REPORT 2017 18 189
Statement of Cash Flows for the year ended 31 March 2018
Amount in Rs.
Particulars As at 31 March 2018
As at 31 March 2017
Cash Flow from Operating Activities
Operating Pro it before Working Capital changes I. Net Cash Flow from Operating Activities 22,67,89,126 25,01,35,409 Cash Flow from Investing Activities:
II. Net cash low (used in) investing activities (27,10,89,943) (9,08,03,845) Net Cash Flow From Financing Activities:
III. Net cash low (used in) inancing activities (2,38,00,000) (3,25,52,900)IV. Net (decrease ) / In cash and cash equivalents (I+II+III) (6,81,00,817) 12,67,78,663 Cash and cash equivalents (Closing) 11,88,84,051 18,69,84,868
ANNUAL REPORT 2017 18190
Statement of Changes in Equity for the period ended 31 March 2018
(a) Equity Share Capital Amount Amount Number Amounts in INR
As at 31 March 2016
As at 31 March 2017 3,92,000 3,92,00,000
As at 31 March 2018 3,92,000 3,92,00,000
(b) Other equityFor the year ended 31 March 2018:
Attributable to the equity shareholders Retained earnings Total
As at 31 March 2016
As at 31 March 2017 60,77,14,114 60,77,14,114
As at 31 March 2018 72,36,42,902 72,36,42,902
ANNUAL REPORT 2017 18 191
Amou
nt in
Rs.
Cost/
Valu
atio
n P
NG P
rojec
t CN
G Pr
ojec
t B
uild
ing-
CNG
Stat
ion
Ofi
ce
Equi
pmen
ts Fu
rnitu
re
& ix
ture
Ve
hicle
-CN
G Au
to
Fire
Extin
-gu
isher
In
tern
al
Deco
ratio
n In
verte
r Sy
stem
A
qua
Guar
d Co
mpu
ter
Syste
m
Air
Cond
i-tio
ner
Free
hold
La
nd
Capi
tal
Wor
k-in
-Pr
oges
s
Tota
l
At 3
1 Mar
ch 20
16
36,60
,92,82
5 11
,56,02
,934
10,53
,93,72
3
3,20
,108
21,88
,399
50,40
2
1,00
,402
2,95,5
17
14,10
7 2,
371
23,46
,223
4
,48,34
9 1,4
9,73,5
18
93,40
,721
60,87
,42,45
0
At 3
1 Mar
ch 20
17
45,97
,99,83
0 12
,08,44
,670
10,75
,16,42
7
4,36
,699
22,72
,976
50,40
2
1,00
,402
19,89
,474
1,28,4
27
2,37
1 25
,48,19
3
4,48
,349
1,67,1
0,765
3,5
0,03,2
05
71,28
,48,98
5
At 3
1 Mar
ch 20
18
53,53
,17,22
8 14
,43,34
,605
13,75
,57,89
4
7,10
,494
27,28
,941
50,40
2
1,04
,543
19,89
,474
1,28,4
27
2,37
1 41
,05,36
6
4,48
,349
1,67,1
0,765
2,5
8,76,2
00
84,41
,88,85
9
Not
e 3
- Pro
pert
y, p
lant
and
equ
ipm
ent
ANNUAL REPORT 2017 18192
Dep
recia
tion a
nd
impa
irmen
t P
NG P
rojec
t CN
G Pr
ojec
t B
uild
ing-
CNG
Stat
ion
Ofi
ce
Equi
pmen
ts Fu
rnitu
re
& ix
ture
Ve
hicle
-CN
G Au
to
Fire
Extin
-gu
isher
In
tern
al
Deco
ratio
n In
verte
r Sy
stem
A
qua
Guar
d Co
mpu
ter
Syste
m
Air
Cond
i-tio
ner
Free
hold
La
nd
Capi
tal
Wor
k-in
-Pr
oges
s
Tota
l
At 3
1 Mar
ch 20
16
1,65,8
4,313
(2,4
4,45,1
83)
1,33,1
7,201
1,59
,894
6,09,4
62
25,87
8
7
3,295
79
,905
4,87
6 1
,599
17,01
,470
1
,77,94
8
-
-
83,31
,367
At 3
1 Mar
ch 20
17
5,89,7
7,330
25
,04,13
5 1,7
8,01,0
75
2
,47,66
2 10
,53,44
8 35
,765
82,2
04
2,25,7
57
34,40
3 1,
599
21,37
,120
2
,82,44
5
-
- 8,3
3,82,9
43
At 3
1 Mar
ch 20
18
10,63
,43,28
8 2,9
6,45,6
32
2,39,6
0,323
4,35
,627
14,37
,311
41,65
7
8
7,590
5,6
6,811
58
,884
1,59
9 28
,80,09
7
4,00
,696
-
- 16
,58,59
,514
Net
Boo
k val
ue
PNG
Pro
ject
CNG
Proj
ect
Bui
ldin
g-CN
G St
atio
n O
fice
Eq
uipm
ents
Furn
iture
&
ixtu
re
Vehi
cle-
CNG
Auto
Fire
Extin
-gu
isher
In
tern
al
Deco
ratio
n In
verte
r Sy
stem
A
qua
Guar
d Co
mpu
ter
Syste
m
Air
Cond
i-tio
ner
Free
hold
La
nd
Capi
tal
Wor
k-in
-Pr
oges
s
Tota
l
At 3
1 Mar
ch 20
17
40,08
,22,50
1 11
,83,40
,535
8,97,1
5,352
1,89
,037
12,19
,528
14,63
7
1
8,198
17
,63,71
7 94
,023
772
4,11,0
73
1
,65,90
5 1,6
7,10,7
65
3,50,0
3,205
62
,94,66
,041
At 3
1 Mar
ch 20
18
42,89
,73,94
0 11
,46,88
,973
11,35
,97,57
1
2,74
,867
12,91
,630
8,745
1
6,953
14
,22,66
4 69
,543
772
12,25
,268
47,6
54 1
,67,10
,765
2,58,7
6,200
67
,83,29
,344
Capi
tal w
ork
in p
rogr
ess
Secu
rity
ANNUAL REPORT 2017 18 193
Amount in Rs.
ParticularsAs at
31-Mar-18As at
31-Mar-17Current Non current Current Non current
4A) Loans
Other loans:
Total Loans 1,35,61,032 1,00,220 1,29,61,748 1,00,220 4B) Other inancial assets
Total - 86,83,066 - 4,90,82,057
Note 4 - Financial assets
Note 5 - Deferred taxation
Note 6 - Other non inancial assets
Amount in Rs.
ParticularsAs at As at
31-Mar-18 31-Mar-17Non current:
Deferred tax assets/liabilities-net 1,40,93,099 1,13,85,805
Amount in Rs.
Particulars
As at31-Mar-18
As at31-Mar-17
Current Non current Current Non
current
Total 8,85,008 90,19,038 5,07,737 98,56,536
ANNUAL REPORT 2017 18194
Note 7 - Inventories
Note 8 Trade receivables
Note 9 - Cash and Bank balances
Amount in Rs.
Particulars As at31-Mar-18
As at31-Mar-17
Current:
Total 4,41,83,150.78 1,63,39,127.12
Amount in Rs.
Particulars As at31-Mar-18
As at31-Mar-17
Current:
Trade and other receivables 9,07,47,846 5,75,50,927
Total Trade and other receivables 7,53,95,368 5,75,50,927
Amount in Rs.
Particulars As at31-Mar-18
As at31-Mar-17
9A) Cash and cash equivalentsBalances with banks:
Deposit with maturity of less than 3 monthsCash on handTotal 11,88,84,051 18,69,84,868 9B ) Bank Balance othersEarmarked accounts:
Term Deposits:Total 27,99,38,291 11,31,65,111
ANNUAL REPORT 2017 18 195
Note 10 - Equity share capitalAmount in Rs.
Particulars As at31-Mar-18
As at31-Mar-17
Share capitalAuthorised
10,00,00,000 10,00,00,000 Issued, subscribed and fully paid up
3,92,00,000 3,92,00,000 Terms/ rights attached to equity shares:
2. Reconciliation of Shares outstanding at the beginning and at the end of the reporting period
Particulars 31-Mar-18 31-Mar-17
Shares outstanding at the end of the year 3,92,000 3,92,000
3. Details of Shareholders holding more than 5% shares in the Company:Particulars 31-Mar-18 31-Mar-17
Gail India Limited
Tripura Industrial Development Corporation Limited
Assam Gas Company Limited
ANNUAL REPORT 2017 18196
Note 11 - Other equity
Note 12 - Borrowings
Note 13 - Trade Payables
Amount in Rs.
Particulars As at31-Mar-18
As at31-Mar-17
Other equity:60,77,14,114.24 60,77,14,114
Total 72,36,42,902 60,77,14,114
Amount in Rs.
Particulars As at31-Mar-18
As at31-Mar-17
Non current borrowings
Total Non Current Borrowings 4,39,78,290 6,07,18,545
Term Loans from Banks consists of the following:
Name of Bank Date of Maturity EIR Nature of security
Amount in Rs.
Particulars As at31-Mar-18
As at31-Mar-17
Total 3,07,79,392 2,24,93,062
ANNUAL REPORT 2017 18 197
Amount in Rs.
Particulars
As at31-Mar-18
As at31-Mar-17
Current Non current Current Non current
Other inancial liabilities at amortised cost:
Others:
Total other inancial liabilities at amortised cost 16,84,86,081 - 13,68,09,134 23,56,043
Note 14 - Other inancial liabilities
Note 15 - Provisions
Note 16 - Other non inancial liabilities
Amount in Rs.
ParticularsAs at
31-Mar-18As at
31-Mar-17Current Non current Current Non current
Total 78,80,258 2,19,87,924 75,45,137 1,53,49,985
Amount in Rs.
ParticularsAs at
31-Mar-18As at
31-Mar-17Current Non current Current Non current
Total 2,00,31,885 18,47,74,938 3,60,49,706 17,13,96,047
ANNUAL REPORT 2017 18198
Note 17 - Revenue from Operations
Note 18 - Other Income
Note 19 - Gas Consumed
Note 20A - Employee Costs
Amount in Rs.
Particulars As at 31-Mar-18
As at 31-Mar-17
Income from operations
Total 76,00,48,783 66,98,01,251
Amount in Rs.
Particulars As at 31-Mar-18
As at 31-Mar-17
Total 4,42,31,769 3,24,67,005
Amount in Rs.
Particulars As at 31-Mar-18
As at 31-Mar-17
Total 23,72,96,284 20,94,04,735
Amount in Rs.
Particulars As at 31-Mar-18
As at 31-Mar-17
Total 4,23,56,229 3,02,55,362
ANNUAL REPORT 2017 18 199
Note 20B - Employee Bene its
Net employee bene it expense (recognized in Employee Cost) for the year ended 31 March 2018Amount in Rs.
ParticularsGratuity Leave
encashment2017-18 2017-18
Total expenses included in employee bene it expense 9,83,202 56,61,739
Amount recognised in Other Comprehensive Income for the year ended 31 March 2018
ParticularsGratuity2017-18
Recognised in other comprehensive income 21,68,674
Changes in the present value of the de ined bene it obligation for the year ended 31 March 2018 is as follows:
ParticularsGratuity Leave
encashment2017-18 2017-18
Present value of obligation at the beginning: 73,85,085 79,64,900
De ined bene it obligation at the end 1,05,36,961 1,18,21,495
ANNUAL REPORT 2017 18200
Bifurcation of Present value of obligation at the end of the year as per revised schedule III of the Companies Act, 2013:
ParticularsGratuity Leave
encashment2017-18 2017-18
De ined bene it obligation at the end 1,05,36,961 1,18,21,495
The principal assumptions used in determining above-mentioned obligations for the Company’s plans are shown below:
ParticularsGratuity Leave
encashment2017-18 2017-18
A quantitative sensitivity analysis for signi icant assumption as at 31 March 2018 is as shown below:
ParticularsGratuity Leave encashment
Decrease Increase Decrease Increase
ANNUAL REPORT 2017 18 201
Maturity Pro ile of De ined Bene it Obligation
ParticularsGratuity Leave
encashment2017-18 2017-18
The following payments are expected contributions to the de ined bene it plan in future years:
ParticularsGratuity Leave
encashment2017-18 2017-18
Total expected payments 2,81,03,450 3,98,22,734
Note 21 - Other ExpensesAmount in Rs.
Particulars As at 31-Mar-18
As at 31-Mar-17
ANNUAL REPORT 2017 18202
Total 19,76,15,543 16,80,85,226
Details of payments to auditors:
Particulars As per Ind AS
As at As per Ind AS
As at 31-Mar-18 31-Mar-17
Total 9,87,885 4,52,632
ANNUAL REPORT 2017 18 203
Note 22 - Finance Costs
Note 23 - Tax Expenses
Note 24 - Income Tax
Amount in Rs.
Particulars As at 31-Mar-18
As at 31-Mar-17
Total 70,59,745 89,95,524
Amount in Rs.
Particulars As at 31-Mar-18
As at 31-Mar-17
Total 7,24,13,996 5,87,44,319
Amount in Rs.a) Income tax related to items charged or credited directly to pro it or loss during the year:
Statement of pro it or loss 31-Mar-18 31-Mar-17Current income tax:
Deferred tax:
Tax expense 7,24,13,996 5,87,44,319
b) Reconciliation of tax expense and accounting pro it multiplied by India’s domestic tax rate
31-Mar-18 31-Mar-17Pro it before tax from continuing operations
Tax at Indian Tax rate
Income tax expense 7,24,13,995 5,87,44,318 Effective tax rate 38.16% 34.20%
ANNUAL REPORT 2017 18204
c) Recognised deferred tax assets and liabilities
Amount in Rs. 31-Mar-18 31-Mar-17
Deferred tax (assets)/ liabilities 27,07,294 1,13,85,805
Net Deferred tax (assets)/ liabilities 1,40,93,099 1,13,85,805
Note 25A - Contingent Liabilities
Note 25B - Commitments
Note 26 - Related Party transactions
Amount in Rs.Particulars 31-Mar-18 31-Mar-17
Amount in Rs.Particulars 31-Mar-18 31-Mar-17
Show cause/ demand notices received from government authorities/Other Agencies -Sales tax / VAT liability that may arise in respect of matters in appeal
1,15,34,682 1,15,34,682
(A) Names of Related parties and nature of related party relationships
(a) Entities which exercise control/ joint-control/ signi icant in luence over the company
(b) Key management personnel
ANNUAL REPORT 2017 18 205
Note 27 - Segment Reporting
Entity wide disclosures:
Particulars 31 March, 2018
31 March, 2017
Gail (India) Limited
Total 1,29,15,880 1,09,87,785 Tripura Industrial Development Corporation Limited
Total 6,95,162 13,25,051
ANNUAL REPORT 2017 18206
Note 28 - Financial risk management
1. Market Risk
(a) Interest rate risk
Sensitivity analysis:
Reporting period Increase/decreasein basis points
Effect on pro itbefore tax
31 March 2018+100-100
31 March 2017+100-100
(b) Foreign currency risk
2. Liquidity Risk
ANNUAL REPORT 2017 18 207
As at 31 March 2018 On demand Less than 3 months
3 to 12 months 1 to 5 years > 5 years Total
84,24,481
6,79,78,290
1,29,15,880
1,75,57,012
64,35,217
14,50,720
8,41,89,780
4,10,35,843
31,79,100
34,89,194
40,87,449
Total 8,97,48,472 7,73,01,558 3,19,08,943 5,24,02,771 - 25,07,42,966
ANNUAL REPORT 2017 18208
As at 31 March 2017 On demand Less than 3 months
3 to 12 months
1 to 5 years > 5 years Total
65,95,274
8,49,18,545
1,09,87,785
1,12,73,477
14,50,720
6,80,87,880
3,25,14,095
36,30,140
34,89,194
57,93,147
Total 11,20,47,530 3,02,94,148 2,32,27,471 6,31,71,108 - 22,87,40,257
ANNUAL REPORT 2017 18 209
3. Credit risk
Trade and other receivables:
Product Credit period
Cash and cash equivalents:
Note 29 - Capital management
ANNUAL REPORT 2017 18210
Particulars
Carrying amount Fair value Fair value
31 March 2018
31 March 2018 Level 1 Level 2 Level 3
Financial assets at amortised cost:Non current
Total 87,83,286 87,83,286 - - -
Financial liabilities at amortised cost:Non current
Total 4,39,78,290 4,39,78,290 -
Note 30 - Accounting classi ications and fair value measurements
Set out below is a comparison by class of the carrying amounts and fair values of the Company’s inancial instruments that are carried in the inancial statements:
ANNUAL REPORT 2017 18 211
Particulars
Carrying amount Fair value Fair value
31 March 2017
31 March 2017 Level 1 Level 2 Level 3
Financial assets at amortised cost:Non current
Total 1,00,220 1,00,220 - - -
Financial liabilities at amortised cost:Non current
Total 6,30,74,588 6,30,74,588 24,65,754
31-Mar-18INR
31-Mar-17INR
Basic earning per share attributable to the equity holders of the company
Diluted earning per share attributable to the equity holders of the company
Note 31 - Earnings Per Share (EPS)
ANNUAL REPORT 2017 18212
The following re lects the income and share data used in the basic and diluted EPS computations:31-Mar-18
INR 31-Mar-17
INR
Pro it attributable to equity holders of the Company for basic earnings
Pro it attributable to equity holders of the Company adjusted for the effect of dilution
Weighted average number of Equity shares adjusted for the effect of dilution *
392000 392000
32.
ANNUAL REPORT 2017 18 213
Aparajeya
A glimpses of CSR
InaugurationPrayas
Parimal Basudha
Pratyasha
Aparajeya
Parimal Basudha
Pratyasha Graduation Day
Pratyasha
A glimpses of CSR
Rupkathar Gaon LP School
Rupkathar Gaon
Rupkathar Gaon
A glimpses of CSR
Rupkathar Gaon
Rupkathar Gaon
Rupkathar Gaon
A glimpses of CSR
Design & Production : Exclusive Advertising Pvt. Ltd.