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D P Abhushan Ltd. ಖಾತೆಯ ಉಪಯುಕ್ತ ಮಾಹಿತಿ

Mar 31, 2023

Provisions, Contingent Liabilities and Contingent Assets

The Company creates a provision when there is a present obligation as a result of past event that probably
require an outflow of resources and a reliable estimate can be made of the amount of obligation. Provisions
are measured at the best estimate of the expenditure required to settle the present obligation at the
balance sheet date and are not discounted to the present value. These are reviewed at each year end
and adjuste to reflect the best current estimate.

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that
may or may not require an outflow of resources. When there is a possible obligation or present obligation in
respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

Contingent Assets are neither recognised nor disclosed in the financial statements. However, contingent
Assets are assessed continually and if it is virtually certain that an inflow of economic benefits will arise, the
asset and related income are recognised in the period in which change occurs.

2.17 Cash and Cash Equivalents

Cash and Cash Equivalents in the balance sheet and for the purpose of cash flow statement comprise cash
in hand and cash at bank including fixed deposit with original maturity period of three months and short-term
highly liquid investments with an original maturity of three months or less net of outstanding bank over drafts
as they are considered an integral part of the Company''s cash management.

2.18 Financial Instruments

• Initial Recognition

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability of
equity instrument of another entity. Financial assets and financial liabilities are recognised when the
Company becomes a party to the contractual provisions of the instruments.

• Financial Assets and Financial Liabilities are Initially Measured at Fair Value

Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial
liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to
or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial
recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities
at fair value through profit or loss are recognised immediately in statement of profit and loss.

• Subsequent Measurement

I. Financial Assets

All regular way purchases or sales of financial assets are recognised and derecognised on a trade date
basis. Regular way purchases or sales are purchases or sales of financial assets that require delivery of
assets within the time frame established by regulation or convention in the market place.

All recognised financial assets are subsequently measured in their entirety at either amortised cost or fair
value, depending on the classification of the financial assets.

II. Financial assets carried at amortized cost

Financial assets are subsequently measured at amortised cost if these financial assets are held within a
business whose objective is to hold these assets in order to collect contractual cash flows and the contractual
terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal
and interest on the principal amount outstanding.

III. Financial assets at fair value through other comprehensive income

A financial asset is subsequently measured at fair value through other comprehensive income if it is held
within a business model whose objective is achieved by both collecting contractual cash flows and selling
financial assets and the contractual terms of the financial asset give rise on specified dates to cash flows that
are solely payments of principal and interest on the principal amount outstanding.

On initial recognition, the Company makes an irrevocable election on an instrument-by-instrument basis to

present the subsequent changes in fair value in other comprehensive income pertaining to investments in

equity instruments, other than equity investment which are held for trading. Subsequently, they are measured

at fair value with gains and losses arising from changes in fair value recognised in other comprehensive

income and accumulated in the ''Reserve for equity instruments through other comprehensive income''. The

cumulative gain or loss is not reclassified to profit or loss on disposal of the investments.

\

v \

IV. Financial assets at fair value through profit or loss

Investments in equity instruments are classified as at FVTPL, unless the Company irrevocably elects on
initial recognition to present subsequent changes in fair value in other comprehensive income for
investments in equity instruments which are not held for trading.

Other financial assets are measured at fair value through profit or loss unless it is measured at amortised
cost or at fair value through other comprehensive income on initial recognition. The transaction costs
directly attributable to the acquisition of financial assets and liabilities at fair value through profit or loss are
immediately recognised in profit or loss.

V. Impairment of financial assets

The Company assesses at each date of balance sheet whether a financial asset or a group of financial
assets is impaired. Ind AS 109 requires expected credit losses to be measured through a loss allowance.
The Company recognises lifetime expected losses for all contracts assets and/or all trade receivables that
do not constitute a financing transaction. For all other financial assets, credit losses are measured at an
amount equal to the 12 month expected credit losses or at an amount equal to the life time expected credit
losses if the credit risk on the financial assets has increased significantly since initial recognition.

VI. Financial liabilities and equity instruments

Financial liabilities are subsequently carried at amortized cost using the effective interest method, except
for contingent consideration recognized in a business combination, which is subsequently measured at fair
value through profit or loss. For trade and other payables maturing within one year from the Balance Sheet
date, the carrying amounts approximate fair value due to the short maturity of these instruments.

a) Classification as debt or equity

Debt and equity instruments issued by the Company are classified as either financial liabilities or as equity
in accordance with the substance of the contractual arrangements and the definitions of a financial liability
and an equity instrument.

b) Equity instruments

An equity instrument is any contract that evidences a residual interest in the assets of an entity after
deducting all of its liabilities. Equity instruments are issued by the Company are recognised at the proceeds
received, net of direct issue costs.

VII. Derecognition of financial instruments

The company derecognizes a financial asset when the contractual rights to the cash flows from the
financial asset expire or it transfers the financial asset and the transfer qualifies for Derecognition under Ind
AS 109. A financial liability (or a part of a financial liability) is derecognized from the Company''s Balance
Sheet when the obligation specified in the contract is discharged or cancelled or expires.

• Recent Accounting Pronouncements

On 23rd March, 2022, the Ministry of Corporate Affairs(MCA) has notified certain amendment to existing Ind
AS. These amendments shall be applicable to the Company from 1st April, 2022. Amendment to Existing
issued Ind AS the MCA has carried out amendments of the following accounting standards.


Mar 31, 2021

Company as a lessee

Effective 1st April, 2019, the Company has adopted Ind AS 116 "Leases" and applied the standard to all lease contracts existing on the date of initial application i.e. April 01, 2019. The Company has used the modified retrospective approach for transitioning to Ind AS 116 with the cumulative effect of initially applying the standard recognized as an adjustment to the opening balance of retained earnings at the date of initial application. Accordingly, comparatives for the year ended March 31, 2019 have not been retrospectively adjusted.

At the commencement date of a lease, the Company has recognized a liability to make lease payments (i.e., the lease liability) and an asset representing the right to use the underlying asset during the lease term (i.e., the right-of-use asset). The Company has separately recognized the interest expense on the lease liability and the depreciation expense on the right-of-use asset.

\ \ \

The Company shall remeasure the lease liability upon the occurrence of certain events (e.g., a change in the lease term, a change in future lease payments resulting from a change in an index or rate used to determine those payments). The Company will generally recognize the amount of the re-measurement of the lease liability as an adjustment to the right of- use asset.

The operating leases recorded on the balance sheet following implementation of Ind AS 116 are principally in respect of leasehold land and other identified assets representing right to use as per contracts excluding low value assets and short term leases of 12 months or less.

The Company has recognized right of use assets and lease liabilities for those leases previously classified as operating leases, except for short-term leases and leases of low-value assets. The right of use assets for most leases were recognized based on the carrying amount as if the standard had always been applied since the inception of lease, apart from the use of incremental borrowing rate at the date of initial application. For new lease entered in current year, the right of use assets was recognized based on the amount equal to the lease liabilities, adjusted for any related prepaid and accrued lease payments previously recognized. Lease liabilities were recognized based on the present value of the remaining lease payments, discounted using the incremental borrowing rate at the date of initial application.

The Company has also applied the available practical expedients wherein it:

• Used a single discount rate to a portfolio of leases with reasonably similar characteristics

• Relied on its assessment of whether lease''s are onerous immediately before the date of initial application.

• Applied the short-term leases exemptions to leases with lease term that ends within 12 months at the date of initial application.

• Excluded the initial direct costs from the measurement of the right-of-use asset at the date of initial application.

• Used hindsight in determining the lease term where the contract contains options to extend or terminate the lease.

The Company has adopted modified retrospective approach as per para C8 (c)(i) of IND AS 116 - Leases to its leases, effective from annual reporting period beginning April 01, 2019. This has resulted in recognizing a Right of Use assets of '' 429 Lacs in standalone Financial Statements and Lease Liability of '' 317 Lacs in standalone Financial statements as on April 1, 2019 and difference between Right of Use Assets and Lease Liability of '' 97 Lacs (including deferred tax liability of '' 15 Lacs) in standalone Financial Statements has been adjusted in retained earnings amounting to '' 78 lacs and ''19 lacs in Security deposits balance in financial assets.

• The Company has inaugurated its Ujjain Showroom during Financial Year 2020-21. Showroom is fully operational w.e.f. 12-August-2020.

• The Banswara showroom is yet to be operational. Therefore all assets are held as Capital Work In Progress

Accounting classification and fair values

Carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy, are presented below.

The fair value of financial instruments have been classified into three categories depending on the inputs used in the valuation technique. The hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and lowest priority to unobservable inputs (Level 3 measurements)

The categories used are as follows:

Level 1: Quoted prices for identical instruments in an active market;

Level 2: Directly or indirectly observable market inputs, other than Level 1 inputs; and

Risk Management Framework

The Company''s board of directors has overall responsibility for the establishment and oversight of the Company''s risk management framework. The board of directors along with the top management are responsible for developing and monitoring the Company''s risk management policies.

The Company''s risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company''s activities. The Company, through its training and management standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their roles and obligations.

The Company''s audit committee oversees how management monitors compliance with the Company''s risk management policies and procedures, and reviews the adequacy of the risk management framework in relation to the risks faced by the Company,

a. Credit Risk

Credit risk is the risk of financial loss to the company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Company''s trade receivables, certain loans and advances and other financial assets.

The carrying amount of financial assets represents the maximum credit exposure.

Trade receivables

""The Company has developed guidelines for the management of credit risk from trade receivables. The Company''s exposure to credit risk is influenced mainly by the individual characteristics of each customer The demographics of the customer, including the default risk of the industry and country in which the customer operates, also has an influence on credit risk assessment. "

Cash and cash equivalents

The Company held cash and cash equivalents with credit worthy banks and financial institutions as at the reporting dates which has been measured on the 12-month expected loss basis. The credit worthiness of such banks and financial institutions are evaluated by the management on an ongoing basis and is considered to be good with low credit risk. Also, no impairment loss has been recorded in respect of fixed deposits that are with recognised commercial banks and are not past due.

Other financial assets

Other financial assets mainly include security deposits as well as other advances receivable on demand where the credit risk is envisaged to be minimal. The Company has not acquired any credit impaired asset. There was no modification in any financial assets.

The Company''s maximum exposure to credit risk as at 31st March 2021 and 31st March 2020 and 1 April 2019 is the carrying value of each class of financial assets.

33.3 Financial Instruments - Risk Management (Continued)

b. Liquidity Risks

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company''s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company''s reputation.

The Company has current financial assets which the management believes is sufficient to meet all its liabilities maturing during the next 12 months.

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted, including contractual interest.

c. Market Risks

Market risk is the risk of loss of future earnings or fair values or future cash flows that may result from a change in the price of a financial instrument. The value of a financial instrument may change as a result of changes in the interest rates, foreign exchange rates and other market changes that affect market risk sensitive instruments. Market risk is attributable to all market risk sensitive financial instruments including foreign currency receivables and payables. The Company is exposed to market risk primarily related to foreign exchange rate risk (currency risk), interest rate risk and the market value of its investments. Thus the Company''s exposure to market risk is a function of investing and borrowing activities and revenue generating and operating activities in foreign currencies.

33.5 Capital Management & Gearing Ratio

For the purpose of the Company''s capital management, capital includes issued equity capital and all other equity reserves attributable to the equity holders of the Company. The primary objective of the Company''s capital management is to maximize the shareholder value.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. From time to time, the Company reviews its policy related to dividend payment to shareholders. The Company monitors capital using gearing ratio, which is net debt divided by total capital plus net debt. The Company includes within net debt, interest bearing loans and borrowings, less cash and cash equivalents.

The Company''s capital management is intended to create value for shareholders by facilitating the meeting of its long-term and short-term goals. Its Capital structure consists of net debt (borrowings as detailed in notes below) and total equity.

34.6

In the opinion of director, the value on realization of current assets, loans and advances, if realized in the ordinary course of the business, shall not be less than the amount, which is stated in the current year balance sheet.

The provisions for all known liabilities are reasonable and not in excess of amount considered reasonably necessary.

34.7

Figures have been rounded off to the nearest ? in lacs and have been regrouped, rearranged and reclassified wherever necessary.

34.8

Wherever no vouchers and documentary evidences were made available for our verification, we have relied on the representation given by management of the company.


Mar 31, 2018

27. NOTES FORMING THE PART OF ACCOUNTS:

27.1 Contingent Liabilities not provided for

Particulars

Rs. in lakhs

Contingent liabilities in respect of TDS under Income Tax Act

0.47

Contingent liabilities in respect of VAT/Sales Tax Appeals

662.28

TDS Liability

Penalty under Section 272A(2)(c) of lncome Tax Act,1961 for 2013-14 & 2014-15

A penalty under Demand Oder dated 27.06.2017 was passed against the Company by the officer of Additional Commissioner of Income Tax, Indore, for an amount of 46,900/- under Section 272A (2) (c) of the Income Tax Act, 1961. The penalty was imposed for years 2013-14 and 2014-15 for not furnishing information u/s 133(6) of the Act for the verification of TDS deducted on payment made to authorize Hallmarking Centres for obtaining Hallmark certificates by the Company. The Company has filed an appeal dated 30.07.2017 against the said penalty order before the Commissioner of Income-Tax (Appeals), Bhopal under Section 246A of the Income Tax Act, 1961. The total liability in the matteris 46,900/- only. The mater is under appeal for disposal.

Indirect Taxes Liabilities A. Value Added Tax Period of Assessment: 01/04/2012 to 31 /03/2013

An Appeal was filed by the Company on 14.07.2016 before the Rajasthan Tax Board, Ajmer under Section 83 of Rajasthan VAT Act, 2003 against Order of the Office of Additional Commissioner, Appeals, Commercial Tax Department, Udaipur dated 24.05.2016, wherein the penalty of Rs 76,40,776/- imposed on Company by the Order of the Assistant Commissioner dated 29.09.2015 was removed and the additional liability on Company to pay Rs 51,95,728/- as tax and interest was confirmed. In pursuance to filing appeal in Rajasthan Tax Board, the Company has made payment of Rs 51, 95,728 towards tax and interest Under Protest.

However, Company''s contention is that the Department has erred in levying Purchase Tax liability on it as it has taken a valid exemption certificate for lump sum payment u/s 5 of the RVAT Act. For the period under review, Company used to buy old jewellery from unregistered dealers and send it to their Madhya Pradesh based headquarters, where new jewellery was made from the said old jewellery and was sold, after due payment of VAT on lump sum basis. Hence, in this situation. Company''s contention is that there is no liability of payment of tax under Section 4(2) of the Rajasthan Value Added Tax, 2003. The appeal is pending before the Board.

Cross Appeal has been filed on 17.8.2016 before Rajasthan Tax Board, Ajmer against the Company by the Assistant Commissioner, Udaipur to Re-impose the penalty of Rs. 76,40,776 on the Company and is against the Order of Add. Comm. Appeal, Commercial Tax Department Udaipur dated 24/05/2016, wherein the penalty was removed.

Period of Assessment: 01/04/2013 to 31/03/2014

An Appeal was filed by the Company on 14.07.2016 before the Rajasthan Tax Board, Ajmer under Section 83 of Rajasthan VAT Act, 2003 against Order of the Office of Additional Commissioner, Appeals, Commercial Tax Department, Udaipur dated 24.05.2016, wherein the penalty of Rs. 1,84,79,276/- imposed on Company by the Order of the Assistant Commissioner dated 29.09.2015 was removed and the additional liability on Company to pay Rs 1,16,41,944/- as tax and interest was confirmed. In pursuance to filing appeal in Rajasthan Tax Board, the Company has made payment of Rs. 1,16,41,944 towards tax and interest Under Protest.

However, Company''s contention is that the Department has erred in levying Purchase Tax liability on it as it has taken a valid exemption certificate for lump sum payment u/s 5 of the RVAT Act. For the period under review, Company used to buy old jewellery from unregistered dealers and send it to their Madhya Pradesh based headquarters, where new jewellery was made from the said old jewellery and was sold, after due payment of VAT on lump sum basis. Hence, in this situation. Company''s contention is that there is no liability of payment of tax under Section 4(2) of the Rajasthan Value Added Tax, 2003. The appeal is pending before the Board.

Cross Appeal has been filed on 02.8.2016 before Rajasthan Tax Board, Ajmer against the Company by the Assistant Commissioner, Udaipur to Re-impose the penalty of Rs. 1,84,79,276 on the Company and is against the Order of Add. Comm. Appeal, Commercial Tax Department Udaipur dated 24/05/2016, wherein the penalty was removed.

Period of Assessment: 01/04/2014 to 31/03/2015

An Appeal was filed by the Company on 14.07.2016 before the Rajasthan Tax Board, Ajmer under Section 83 of Rajasthan VAT Act, 2003 against Order of the Office of Additional Commissioner, Appeals, Commercial Tax Department, Udaipur dated 24.05.2016, wherein the penalty of Rs. 1,35,76,980/- imposed on Company by the Order of the Assistant Commissioner dated 01.12.2015 was removed and the additional liability on Company to pay Rs. 77,38,880/- as tax and interest was confirmed. In pursuance to filing appeal in Rajasthan Tax Board, the Company has made payment of Rs. 77,38,880 towards tax and interest Under Protest.

However, Company''s contention is that the Department has erred in levying Purchase Tax liability on it as it has taken a valid exemption certificate for lump sum payment u/s 5 of the RVAT Act. For the period under review, Company used to buy old jewellery from unregistered dealers and send it to their Madhya Pradesh based headquarters, where new jewellery was made from the said old jewellery and was sold, after due payment of VAT on lump sum basis. Hence, in this situation. Company''s contention is that there is no liability of payment of tax under Section 4(2) of the Rajasthan Value Added Tax, 2003. The appeal is pending before the Board.

Cross Appeal has been filed on 02.8.2016 before Rajasthan Tax Board, Ajmer against the Company by the Assistant Commissioner, Udaipur to Re-impose the penalty of Rs. 1,35,76,980/- on the Company and is against the Order of Add. Comm. Appeal, Commercial Tax Department Udaipur dated 24/05/2016, wherein the penalty was removed.

Period of Assessment: 01/04/2015 to 31 /03/2016

The Assistant Commissioner (SO - II passed order u/s 23(1) r.w.s. 24(2) of RVAT Act for FY 2015-16 levying the Purchase Tax Rs. 14,34.008/- & Interest thereon Rs 5,21,271/-u/s 55 of RVAT Act 2003. For the period under review, Company used to buy old jewellery from unregistered dealers and send it to their Madhya Pradesh based headquarters, where new jewellery was made from the said old jewellery and was sold, after due payment of VAT on lump sum basis. However Asst. Commissioner (SO - II levied purchase tax (@1% and interest u/s 55 on old jewellery sent to M.P. for manufacturing of jewellery.

Company''s contention is that there is no liability of payment of tax under Section 4(2) of the RVAT ACT, therefore appealed against the said order. The appeal is pending before the Appellate Authority.

27.2 Related Party Disclosures

Sr. No.

Names of the related parties with whom transaction were carried out during the period and description of relationship:

1

Company/entity owned or significantly influenced by directors/KMP/ individuals owning interest in voting power that gives them significant influence over the enterprise or their relatives

1.Virush Finvest Pvt Ltd.

2. Manratan Retail Pvt. Ltd.

3.D.P.Power,Ratlam

4. D.P. Plastics

5. Namskar Casting Pvt. Ltd.

6..Shree Hanuman Wind Infra Pvt. Ltd.

7 . Vikas Ratanlal Kataria (HUF)

8. Santosh Ratanlal Kataria (HUF)

9. Sanjay Manohar Lal Kataria (HUF)

10. Rajesh Manoharlal Kataria (HUB

11. Manoharlal Pannalal Kataria (HUF)

12. Anil Kataria (HUF)

13. Ratanlal Pannalal Kataria HUF

14. Kataria Wires Pvt. Ltd.

2

Key Management Personnel''s/Directors:

1. Mr. Anil Kataria

2. Mr. Vikas Kataria

3. Mrs. Renu Kataria

4. Mr. Santosh Kataria

5. Mr. Sanjay Kataria

6. Mr. Vijesh Kasera

7. CS Anika Jain

3

Relatives of Key Management Personnel''s:

1. Mr. Aman Kataria

2. Divya Kataria

3. Kamlesh Choradiya

4. Manjula Devi Kataria

5. Muskan Kataria

4

6. Rajesh Kataria

7.Rang Lal Choradiya

8. RatanlaL Kataria

9. Sangeeta Kataria

10.Suman Devi Kataria

11.Supriya Kataria

12. Meena Kataria

13. Priyal Kataria

14. Rupal Kataria

15. Mona Kataria

RELATED PARTY TRANSACTION DETAILS (Rs |n Lakhs)

Particulars

For the period ended 31.03.2018

Remuneration Paid/ Payable

Loan Received

Interest payable

Loan Repaid

Purchase/ Sale

Any other transaction

Key Managerial Person

Mr.Anil Kataria

19.25

230.06

16.51

111.33

-

-

Mr.Vikas Kataria

33.00

212.22

0.96

206.64

-

-

Mrs.Renu Kataria

-

13.15

2.66

27.71

-

-

Mr.Santosh Kataria

27.50

67.59

1.75

65.75

-

-

Mr.Sanjay Kataria

-

111.39

2.81

53.87

-

-

Mr.Vijesh Kasera

3.36

0.49

0.24

6.49

-

-

Relatives of Key Managerial Person

Mr.Aman Kataria

-

40.40

8.96

11.13

-

7.70

Divya Kataria

-

-

12.82

3.82

-

-

Manjula Devi Kataria

-

379.10

13.08

147.82

-

-

Manjula Ranglal Choradiya

-

-

6.40

-

-

Muskan Kataria

-

-

7.73

1.14

-

-

Rajesh Kataria

-

14.25

1.57

9.23

-

-

Ranglal Choradiya (Pro. Indermal Samrathmal)

-

20.00

5.01

15.00

-

-

Ratanlal Kataria

19.25

305.07

19.04

302.47

-

7.70

Sangeeta Kataria

-

26.40

14.41

25.36

-

-

Suman Devi Kataria

-

201.40

18.24

164.39

-

7.70

Supriya Kataria

-

22.50

10.32

34.78

-

-

Meena Kataria

-

246.80

8.80

1.50

-

-

Priyal Kataria

-

-

0.18

4.45

-

-

Rupal Kataria

-

-

13.00

0.03

-

-

Mona Kataria

-

1.30

5.41

102.74

-

-

Other Companies/Entities

Virush Finvest Pvt. Ltd.

-

-

1.10

1.65

-

-

Manratan Retail Pvt. Ltd.

-

1,843.95

85.34

1,005.80

-

-

D.P. Power, Ratlam

-

15.00

16.67

386.17

83.93

-

D.P. Plastics

-

110.75

(0.76)

100.00

-

-

Namskar Casting Pvt. Ltd.

-

522.30

24.71

264.00

-

-

Shree Hanuman Wind Infra Pvt. Ltd.

396.00

13.31

516.00

Vikas Ratanlal Kataria (HUF)

-

67.93

1.45

74.03

-

-

Santosh Ratanlal Kataria (HUF)

-

0.50

7.32

21.84

-

-

Sanjay Manohar Lal Kataria(HUF)

-

210.50

13.82

21.50

-

-

Rajesh Manoharlal Kataria (HUF)

-

-

14.51

21.25

-

-

Manoharlal Pannalal Kataria (HUF)

-

44.80

8.88

45.62

-

-

Anil Kataria (HUF)

-

6.53

14.35

26.77

-

-

Ratanlal Pannalal Kataria (HUF)

-

1.40

0.72

21.21

-

-

Kataria Wires Pvt. Ltd.

-

296.20

(3.71)

498.00

-

-

27.3 Segment Reporting

The Company has identified one business segment as reportable segment i.e. Windmill Segment. The Accounting Policies adopted for Segment Reporting are in line with accounting policies of the Company for Segment Reporting.

For FY 2017-18

Rs. in Lakhs

Sr. no.

Particulars

Reportable Segments

Total

Gems & Jewellery

Windmill

I

Segment Revenue

Revenue from Operations

65,864.34

109.79

65,974.13

II

Segment Results before Depreciation and Interest

Profit Before Depreciation, Interest&Tax

2,004.95

70.65

2075.60

Less: Depreciation

74.36

57.00

131.36

Profit Before I nterest & Tax

1,930.59

13.65

1,944.24

Less: Interest Expenses

798.30

21.20

819.49

Profit Before Tax

1,132.29

-7.54

1,124.75

a. Current Tax

273.04

b. Deffered Tax

37.06

Profit After Tax

814.65

III

Other Information

Segment Assets

18,793.21

686.97

19,480.18

Segment Liabilities

14,888.81

173.37

15,062.18

Capital Employed

3,904.40

513.60

4,418.00

Company has installed 5 wind turbine generators of 750 KW each in village Bagia & Naveli, Ratlam, Madhya Pradesh in Sept.''12. In Jan.''! 3, the Company entered into an agreement with MPPMCL (M.P. Power management Co. Ltd.) for exclusive sale of power, generated from wind turbine generators to MPPMCL. Company has outsourced all operations and maintenance activities relating to wind turbines to a third party.

27.5 Quantitative information for the year ended 31st March 2018

Class of Goods

Unit

Opening Stock

Purchases/Receipts/ Consumption

Sales

Closing Stock

Gold Bullion / Jewellery and Stones

Gram

317478.913

2067940.079

2026843.450

358575.542

Diamonds and Diamonds Jewellery (gross)

Gram

43958.961

93256.068

78012.367

59202.663

Silver Bullion and Jewellery

Gram

112255.230

1123489.097

606692.553

629051.774

Platinum Jewellery

Gram

835.786

1515.798

1137.522

1214.062

Mis. Items\articles

No

5798.000

13918.000

2959.000

16757.000

27.6The Company was not following the Provisions of Accounting Standard-15 for Employees Benefits till 02/05/2017 the date from which it was converted from Partnership Firm to Public Limited Company. However, the Company has adopted the AS-15 during the period. A change in accounting policy consequent upon the adoption of Accounting Standard should be accounted for in accordance with the specific transitional provisions contained in that accounting standard. Accordingly liability existed on the date of adoption of AS-15, should be adjusted against opening balance of revenue reserve and surplus. Since D.P. Abhushan Ltd was earlier partnership firm, there was no revenue reserve as on the date of conversion of firm into company. Therefore, Gratuity Liability up to the date of Conversion of Firm into Public Limited Company as per Actuarial Valuation debited to profit and loss account.

27.7 D.P. Abhushan Limited came into existence on 02/05/2017 by way conversion of partnership firm M/s D.P. Abhushan. All the fixed assets that existed in books of D. P. Abhushan Limited were previously acquired by M/s D.P. Abhushan. Provisions of Schedule II of Companies Act, 2013 became applicable to D. P. Abhushan Limited w.e.f. 02.05.2017 the date on which firm converted into Public Limited Company.

As per note 7 to part Cof schedule II,

(i) If remaining life of assets as on 02.05.2017 is Nil as per schedule II, the carrying amount has to be adjusted in the opening balance of retained earnings in the balance sheet after retaining the residual value as per note 7 (b),

(ii) If remaining life of assets as on 02.05.2017 is not Nil as per schedule II, no effect of restating the carrying amount will need to be given. The remaining WDV of asset will continue depreciating as per the prescribed rates under the Companies Act on the basis of remaining useful life of assets.

As the balance in retained earnings was nil on conversion, the fixed assets having no useful life on 02.05.2017 were written off and transferred to Profit & Loss A/c.

27.8 In the opinion of director, the value on realization of current assets, loans and advances, if realized in the ordinary course of the business, shall not be less than the amount, which is stated in the current year balance sheet.

The provisions for all known liabilities are reasonable and not in excess of amount considered reasonably necessary.

27.9 Figures have been rounded off to the nearest Rs. in lacs and have been regrouped, rearranged and reclassified wherever necessary.

27.10 This is the first year of the company after the conversion of the Partnership Firm into Public Limited Company, hence previous year figures are not available.

27.11 Wherever no vouchers and documentary evidences were made available for our verification, we have relied on the representation given by management of the company.

27.12 In the absence of information regarding dues of MICRO or Small Scale Industrial Enterprise(s) as per the Micro, Small and Medium Enterprise Development Act, the Company has not disclosed the same as required by Schedule III to the Companies Act, 2013.

Sr.No

Particulars

For the period ended 31.03.2018

A.

Profit After Tax - (Numerator)

Rs 8,14,65,256/-

B.

Basic/Weighted Average number of Equity Shares* - (Denominator)

1,92,88,850

C.

Face Value of Equity Shares

Rs 10/-

D.

Basic/Diluted Earnings per Share

Rs 4.22/Share

27.13 Earnings per Share

The numerators and denominators used to calculate Basic\Diluted Earnings per share:

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