fy14 balance sheet

SECURENS SYSTEMS PRIVATE LIMITEDStandalone Balance Sheet for period 01/04/2013 to 31/03/2014

[400100] Disclosure of general information about companyUnless otherwise specified, all monetary values are in Thousands of INR

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

Name of company SECURENS SYSTEMS PRIVATE LIMITED Corporate identity number U74999MH2011PTC225609 Permanent account number of entity AAQCS8547R

Address of registered office of company

U n i t N o . 301,302,303,304,305 and 3 0 6 , , B W i n g , P l o t N o . X - 4 / 1 a n d X - 4 / 2 , T e c h n o c i t y , Mahape, NAVI MUMBAI, M a h a r a s h t r a , I N D I A , 400701

Type of industry C o m m e r c i a l a n d Industrial Date of board meeting when final accounts were approved 29/09/2014 Period covered by financial statements 12 Months 12 Months Date of start of reporting period 01/04/2013 01/04/2012 Date of end of reporting period 31/03/2014 31/03/2013 Nature of report standalone consolidated Standalone Content of report Balance Sheet Description of presentation currency INR Level of rounding used in financial statements Thousands Total number of product or service category Product1

[400400] Disclosures - Directors report

Details of directors signing board report [Table] ..(1)Unless otherwise specified, all monetary values are in Thousands of INR

Directors signing board report [Axis] Dir1 Dir201/04/2013

to 31/03/2014

01/04/2013 to

31/03/2014 Details of signatories of board report [Abstract] Details of directors signing board report [LineItems] Name of director signing board report [Abstract] First name of director SUNIL SRINIVAS Middle name of director RAMANNA Last name of director UDUPA POPURI Designation of director Managing Director Director Director identification number of director 02554652 05114579 Date of signing board report 29/09/2014 29/09/2014

2

SECURENS SYSTEMS PRIVATE LIMITED Standalone Balance Sheet for period 01/04/2013 to 31/03/2014

Unless otherwise specified, all monetary values are in Thousands of INR01/04/2013

to 31/03/2014

Disclosure in board of directors report explanatory [TextBlock] Textual information (1) [See below] Details regarding energy conservation Textual information (2) [See below] Details regarding foreign exchange earnings and outgo NA

Particulars of employees as per provisions of section 217 Textual information (3) [See below]

Disclosures in director?s responsibility statement

Your Directors place on record their gratitude fo r the con t inu ing support of Shareholders, bankers and Business associates at all levels.

Director's comments on qualification(s), reservation(s) or adverse remark(s) of auditors as per board's report No adverse Remarks Date of Board of directors' meeting in which board's report referred to under section 217 was approved 29/09/2014

3


Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

DIRECTORS' REPORT

To

The Members,

Your Directors are pleased to present the Third Annual Report of your Company together with the Audited Statement of Accounts and theAuditors' Report of your company for the financial year ended, 31st March, 2014. The summarized financial results for the year ended31st March, 2014 are as under:

Financial Results

Particular For the financial year ended 31st March, 2014. For the financial year ended, 31st March, 2013.

Amount in Rs. (000) Amount in Rs. (000)

Net Profit / (Loss) Before Tax (20,309) (22,474)

Provision for Tax - -

Deferred Income Tax - -

Profit / (Loss) after Tax (20,309) (22,474)

Profit / (Loss) brought forward (26,550) (4,076)

Balance Carried over to Balance Sheet (46,859) (26,550)

Review of Operation (rounded to nearest 000)

During the year under review, the Company has earned revenue of Rs. 15,06,97,000 [ Fifteen Crores Six Lakhs Ninety Seven Thousand] asagainst Rs. 4,45,62,000 [ Four Crores Forty Five Lakhs Sixty Two Thousand ]. The net Loss for the year under review has been Rs. 2,03,09,000 [ Two Crores Three Lakhs Nine thousand ] as against Rs.2,24,74,000 [ Two Crores Twenty Four Lakhs Seventy Four Thousand]during the previous financial year. Your Directors are continuously looking for avenues for future growth of the Company.

Share Capital

During the year under review, the Company has not increased its Authorised Share Capital from Rs. 8,15,00,000/- [Eight Crore FifteenLakhs] divided into 12,22,900 [Twelve Lakh Twenty Two Thousand Nine Hundred] Equity Shares of face value Rs. 10/- each and 6,92,710 [Six Lakh Ninety Two Thousand Seven Hundred Ten] Compulsorily Convertible Preference Shares of face value Rs. 100/- each.

4


At present the Authorized Share Capital of the Company is Rs. 12,85,00,000/-[Twelve Crore Eighty Five Lakhs] divided into 12,22,900 [TwelveLakh Twenty Two Thousand Nine Hundred] Equity Shares of face value Rs. 10/- each and 11,62,710 [ Eleven Lakh Sixty Two Thousand Seven

Hundred Ten] Compulsorily Convertible Preference Shares of face value Rs. 100/- each.

Dividend

Since the Company has incurred Loss for the year ended 31st March, 2014 the Directors have proposed not to declare any Dividend.

Directors

None of the Directors were appointed during the Financial Year.

Directors' Responsibility Statement

Pursuant to Section 217(2AA) of the Companies Act, 1956 the Board of Directors of the Company confirms that-

1. in preparation of the Annual Accounts, the applicable accounting standards have been followed.

2. the Directors had selected such Accounting Policies and applied them consistently and made judgements and estimates that are reasonableand prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit or loss of thecompany for that period.

3. the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions ofthis Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

4. the Directors had prepared the Annual Accounts on a going concern basis.

5. the company has not accepted any public deposits during the year.

Disclosures under Section 217(1)(d) of the Companies Act, 1956

Except as disclosed elsewhere in this report, there have been no material changes and commitments which can affect the financial position of theCompany occurred between the end of the financial year of the Company and date of this report.

Transfer to Reserves in terms of Section 217 (1)(b) of the Companies Act, 1956

5


For the financial year ended 31st March, 2014, the Company had not transfer any sum to Reserves. Therefore, your Company proposes totransfer the entire amount of profit to Profit and Loss Accounts of the Company.

Particulars of Employees

The particulars of employees are attached in Annexure A which are required to be given under section 217(2A) of the Companies Act, 1956 readwith the Companies (Particulars of Employees) Rules, 1975, as amended.

Auditors

SR Batliboi and Associates LLP, Chartered Accountants , having registration no. 101049W situated at 12th Floor, The Ruby, Senapati BapatMarg, Dadar (West), Mumbai - 400 028 , will retire at the ensuing Annual General meeting of the Company and being eligible offer themselves for re-appointment.

Your directors recommends their re-appointment as Statutory Auditors of the Company.

Auditors' Report

The observations of the auditors in their report are self-explanatory and therefore, in the opinion of the Directors, do not call for furthercomments.

Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo

The particulars as required under the provisions of Section 217(1)(e) of the Companies Act, 1956 in respect of conservation of energy andtechnology absorption have not been furnished considering the nature of activities undertaken by the company during the year underreview. Further during the year under review, the Company has neither earned nor used any foreign exchange. The Foreign Exchange outgoduring the year was INR 12,22,184.68 (Rupees Twelve Lakhs Twenty Two Thousand One Hundred Eighty Four point Sixty Eight Only).

Acknowledgements

Your Directors place on record their gratitude for the continuing support of Shareholders, bankers and Business associates at all levels.

For and on behalf of the Board

____________________

Director Mr. SUNIL RAMANNA UDUPA

DIN- 02554652

6


____________________

Director Mr. SRINIVAS POPURI

DIN- 05114579

Place: Mumbai

Date: 29.09.2014

ANNEXURE A TO THE DIRECTORS REPORT

Information as per Sec 217 (2A) read with Companies (Particulars of Employees) Rules, 1975 and forming a part of the Director's Report.

Sr.no.

NameAge(inYears)

Qualification Experience Date ofJoiningDescripti-on andNature of Duties

GrossRemunera-tion(In Rs Lakhs)

LastEmploy-ment

PositionHeld

1.

Mr.Sunil R.Udupa

51

B.E. (Electrical Engineering),Masters in Information Technologyfrom City University, London

25 Years

30/12/2011

Finance,administration, HR,BusinessDevelopment and Rand D

36,00,000

Per annum

NA

ManagingDirector

7


2.

Mr.SrinivasPopuri

49

Graduate in Electrical andElectronics Engineering fromRegional Engineering College,Calicut

26 Years

30/12/2011

Sales and Operations

30,00,000

Per annum

NA

Directorand CEO

Notes:-

Mr. Sunil Udupa Managing Director drawing a Salary of Rs. 3,00,000/- P.M. + Bonus of Rs. NIL/-

Mr. Srinivas Popuri Director and CEO drawing a Salary of Rs. 2,50,000/- P. M. + Bonus of Rs. NIL/-

Remuneration includes Salary, Allowances, Contribution to Provident Fund, Medical Benefits, Leave Travel Allowance and Other Perquisitesand benefits given to the employees by the company.

8


For and on behalf of the Board of Directors of

SECURENS SYSTEMS PRIVATE LIMITED

SUNIL UDUPA SRINIVAS POPURI

DIRECTOR DIRECTOR

02554652 05114579


Details regarding energy conservationConservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo The particulars as required under the provisions ofSection 217(1)(e) of the Companies Act, 1956 in respect of conservation of energy and technology absorption have not been furnishedconsidering the nature of activities undertaken by the company during the year under review. Further during the year under review, the Companyhas neither earned nor used any foreign exchange. The Foreign Exchange outgo during the year was INR 12,22,184.68 (Rupees Twelve LakhsTwenty Two Thousand One Hundred Eighty Four point Sixty Eight Only


Particulars of employees as per provisions of section 217Disclosures under Section 217(1)(d) of the Companies Act, 1956 Except as disclosed elsewhere in this report, there have been no materialchanges and commitments which can affect the financial position of the Company occurred between the end of the financial year of the Companyand date of this report. Transfer to Reserves in terms of Section 217 (1)(b) of the Companies Act, 1956 For the financial year ended 31st March,2014, the Company had not transfer any sum to Reserves. Therefore, your Company proposes to transfer the entire amount of profit to Profit andLoss Accounts of the Company. Particulars of Employees The particulars of employees are attached in Annexure A which are required to begiven under section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975, as amended.

9


[400200] Disclosures - Auditors report

Details regarding auditors [Table] ..(1)Unless otherwise specified, all monetary values are in Thousands of INR

Auditors [Axis] Auditor101/04/2013

to 31/03/2014

Details regarding auditors [Abstract] Details regarding auditors [LineItems] Category of auditor Auditors firm

Name of audit firm S.R. Batliboi &Associates LLP

Name of auditor signing report Govind PitamberAhuja Firms registration number of audit firm 101049W Membership number of auditor 048966

Address of auditors

12th Floor, TheRuby, SenapatiBapat Marg, Dadar(West), Mumbai -400 028.

Permanent account number of auditor or auditor's firm ACHFS9118A SRN of form 23B C18663393 Date of signing audit report by auditors 29/09/2014 Date of signing of balance sheet by auditors 29/09/2014

10


Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)Unless otherwise specified, all monetary values are in Thousands of INR

Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis]Auditor's

favourable remark[Member]

01/04/2013 to

31/03/2014 Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Abstract] Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [LineItems] Disclosure in auditors report relating to fixed assets as per CaroAnnexures

Disclosure relating to quantitative details of fixed assets as per CaroAnnexures

Disclosure relating to physical verification and material discrepancies of fixed assets as per CaroAnnexures

Disclosure relating to fixed assets disposed off as per CaroAnnexures

Disclosure in auditors report relating to inventories as per CaroAnnexures

Disclosure of physical verification of inventories at fixed intervals as per CaroAnnexures

Disclosure of procedure followed for physical verification of inventories as per CaroAnnexures

Disclosure about maintenance of inventory records and material discrepancies as per CaroAnnexures

Disclosure in auditors report relating to loans as per CaroAnnexures

Disclosure about loans granted or taken by parties covered under section 301 of companies act as per CaroAnnexures

Disclosure regarding terms and conditions of loans granted or taken as per CaroAnnexures

Disclosure regarding terms of payment of loans granted or taken as per CaroAnnexures

Disclosure regarding terms of recovery of loans granted or taken as per CaroAnnexures

Disclosure in auditors report relating to internal control system as per CaroAnnexures Disclosure in auditors report relating to contracts and arrangements under section 301 of companies act

as per CaroAnnexures

Disclosure relating to presence of register for necessary transactions as per CaroAnnexures

Disclosure relating to reasonability of transactions as per CaroAnnexures

Disclosure in auditors report relating to deposits accepted from public as per CaroAnnexures

Disclosure in auditors report relating to companies internal audit system as per CaroAnnexures

Disclosure in auditors report relating to maintenance of cost records as per CaroAnnexures

Disclosure in auditors report relating to statutory dues as per CaroAnnexures

Disclosure relating to regularity in payment of undisputed statutory dues as per CaroAnnexures

Disclosure relating to disputed statutory dues as per CaroAnnexures

Disclosure in auditors report relating to accumulated losses as per CaroAnnexures

Disclosure in auditors report relating to default in repayment of financial dues as per CaroAnnexures Disclosure in auditors report relating to loans and advances granted by way of pledge of shares debentures and other securities


Disclosure in auditors report relating to provisions under special statute as per CaroAnnexures

Disclosure relating to net owned fund to deposit liability ratio as per CaroAnnexures

Disclosure relating to income recognition and provisioning against assets as per CaroAnnexures

Disclosure relating to credit appraisal procedure as per CaroAnnexures

Disclosure relating to repayment schedule and procedure of recovery as per CaroAnnexures

11


Disclosure in auditors report relating to adequacy of records maintained by share trading companies as per CaroAnnexures

Disclosure in auditors report relating to guarantee given as per CaroAnnexures Disclosure in auditors report relating to term loans used for purpose other than for purpose they were raised


Disclosure in auditors report relating to nature and amount of fund raised for short-term has been used for long-term or vice versa


Disclosure in auditors report relating to preferential allotment of shares as per CaroAnnexures

Disclosure in auditors report relating to securities created against debentures issued as per CaroAnnexures

Disclosure in auditors report relating to purpose and end use of money raised through public issues as per CaroAnnexures

Disclosure in auditors report relating to any material fraud reported during period as per CaroAnnexures


to 31/03/2014

Disclosure in auditor?s report explanatory [TextBlock] Textual information (4) [See below] Whether companies auditors report order is applicable on company Yes Whether auditors' report has been qualified or has any reservations or contains adverse remarks No

Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report NO

12



Disclosure in auditor?s report explanatory [Text Block]

INDEPENDENT AUDITOR'S REPORT

To the Members of Securens Systems Private Limited

Report on the Financial Statements

We have audited the accompanying financial statements of Securens Systems Private Limited (the

Company), which comprise the Balance Sheet as at March 31, 2014 and the Statement of Profit and Loss

for the year then ended, and a summary of significant accounting policies and other explanatory

information.

Management's Responsibility for the Financial Statements

Management is responsible for the preparation of these financial statements that give a true and fair view

of the financial position, financial performance and cash flows of the Company in accordance with

accounting principles generally accepted in India, including the Accounting Standards notified under the

Companies Act, 1956 (the Act'), read with General Circular 8/2014 dated 4 April 2014 issued by the

Ministry of Corporate Affairs. This responsibility includes the design, implementation and maintenance of

internal control relevant to the preparation and presentation of the financial statements that give a true and

fair view and are free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted

our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of

India. Those Standards require that we comply with ethical requirements and plan and perform the audit to

obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the

financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making

those risk assessments, the auditor considers internal control relevant to the Company's preparation and

fair presentation of the financial statements in order to design audit procedures that are appropriate in the

circumstances but not for the purpose of expressing an opinion on the effectiveness of the entity's internal

13


control. An audit also includes evaluating the appropriateness of accounting policies used and the

reasonableness of the accounting estimates made by management, as well as evaluating the overall

presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient

and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the

financial statements give the information required by the Companies Act, 1956 (the Act) in the manner

so required and give a true and fair view in conformity with the accounting principles generally accepted in

India:

(a) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2014; and

(b) in the case of the Statement of Profit and Loss, of the loss for the year ended on that date

Securens Systems Private Limited

Auditors' Report March 31, 2014

Page 2 of 6

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order, 2003 (the Order) issued by the Central

Government of India in terms of sub-section (4A) of section 227 of the Act, we give in the Annexure a

statement on the matters specified in paragraphs 4 and 5 of the Order.

2. As required by section 227(3) of the Act, we report that:

(a) We have obtained all the information and explanations which to the best of our knowledge and belief

were necessary for the purpose of our audit;

(b) In our opinion proper books of account as required by law have been kept by the Company so far as

appears from our examination of those books;

(c) The Balance Sheet and Statement of Profit and Loss dealt with by this Report are in agreement with

the books of account;

14


(d) In our opinion, the Balance Sheet and the Statement of Profit and Loss comply with the Accounting

Standards notified under the Act, read with General Circular 8/2014 dated

4 April 2014 issued by the Ministry of Corporate Affairs;

(e) On the basis of written representations received from the directors as on March 31, 2014, and taken on

record by the Board of Directors, none of the directors is disqualified as on March 31, 2014, from

being appointed as a director in terms of clause (g) of sub-section (1) of section 274 of the Act.

For S.R. Batliboi and Associates LLP

Chartered Accountants

ICAI Firm Registration Number: 101049W

______________________________

per Govind Ahuja Partner

Membership Number: 48966

Place of Signature: Mumbai

Date: September 29, 2014



Page 3 of 6

Annexure referred to in paragraph [1 ] of our report under the heading Report on Other Legal and

Regulatory Requirements of even date

Re: Securens Systems Private Limited (the Company')

(i) (a) The Company has maintained proper records showing full particulars, including quantitative details

and situation of fixed assets, except for hardware at site where the records are maintained for

group of similar assets and not maintained for each individual site.

(b) Fixed assets have been physically verified by the management during the year, except for hardware

at site, and no material discrepancies were identified on such verification. Since hardware at site

were not verified during the year, we are unable to comment on the discrepancies pertaining to

hardware at site, if any.

15


(c) There was no substantial disposal of fixed assets during the year.

(ii) (a) The inventory has been physically verified by the management at the year end. In our opinion, the

frequency of verification needs to be increased.

(b) The procedures of physical verification of inventory followed by the management are reasonable

and adequate in relation to the size of the Company and the nature of its business except that

instructions for physical verification of inventory were issued orally and not documented.

(c) The Company is maintaining proper records of inventory and no material discrepancies were

noticed on physical verification.

(iii) (a) According to the information and explanations given to us, the Company has not granted any loans,

secured or unsecured to companies, firms or other parties covered in the register maintained under

section 301 of the Act. Accordingly, the provisions of clause 4(iii)(a) to (d) of the Order are not

applicable to the Company and hence not commented upon.

(e) The Company had taken loan from two parties covered in the register maintained under section 301

of the Act. The maximum amount involved during the year was Rs 3,115,749 and the year-end

balance of loans taken from such parties was Rs. NIL.

(f) In our opinion and according to the information and explanations given to us, the rate of interest

and other terms and conditions for such loans are not prima facie prejudicial to the interest of the Company.

(g) The loans taken are re-payable on demand. As informed, the Company has repaid the lenders the

loan as demanded during the year, and thus, there has been no default on the part of the company.

The loans taken are interest free.



Page 4 of 6

(iv)

16


In our opinion and according to the information and explanations given to us and having regard to

the explanation that purchases of items of inventories and certain fixed assets are of proprietary

nature for which alternative sources are not available to obtain comparable quotations, there is an

adequate internal control system commensurate with the size of the Company and the nature of its

business, for the purchase of inventory and fixed assets and for the sale of goods and services.

During the course of our audit, we have not observed any major weakness or continuing failure to correct any major weakness in the internal control system of the Company in respect of these

areas. However, the internal control system for the purchase of fixed assets is inadequate since the

purchases are made without inviting quotations for administrative assets.

(v) (a) In our opinion, there are no contracts or arrangements that need to be entered in the register

maintained under Section 301 of Act. Accordingly, the provisions of clause 4(v)(b) of the Order is

not applicable to the Company and hence not commented upon.

(vi)

(vii)

The Company has not accepted any deposits from the public.

The Company has an internal audit system, the scope and coverage of which, in our opinion,

requires to be enlarged to be commensurate with the size and nature of its business.

To the best of our knowledge and as explained, the Central Government has not prescribed

maintenance of cost records under clause (d) of sub-section (1) of section 209 of the Act for the

products of the Company.

(viii)

(ix) (a) Undisputed statutory dues including provident fund, employees' state insurance, income-tax, sales-

tax, service tax, cess and other material statutory dues have not generally been regularly deposited

with the appropriate authorities though the delays in deposit have not been serious . The provisions

relating to investor education and protection fund, wealth-tax, customs duty and excise duty are

not applicable to the Company.

(b) According to the information and explanations given to us, undisputed dues in respect of provident

fund, employees' state insurance, income-tax, service tax, sales-tax, excise duty, cess and other

material statutory dues which were outstanding, at the year end, for a period of more than six

17


months from the date they became payable, are as follows:

Name of

the statute

Nature

of the

dues

Amount

(Rs)

Period to which

the amount

relates

Due Date

Date of

Payment

April 26, 2014

July 17, 2014

April 19, 2014

Income Tax TDS

Act, 1961

Income Tax TDS

Act, 1961

Local Body

Tax Act

NMMC

2,764 May 2013 to

August 2013

18


19,454 May 2013 to

August 2013

115,659 April 2013 to

September 2013

7 th of subsequent

month

7 th of subsequent

month

20 th of subsequent

month

The provisions relating to investor education and protection fund, wealth-tax, customs duty and

excise duty are not applicable to the Company.



Page 5 of 6

(c) According to the information and explanations given to us, there are no dues of income tax, sales-

tax, service tax, and cess which have not been deposited on account of any dispute. The provisions

relating to wealth-tax, customs duty and excise duty are not applicable to the Company.

(x)

The Company has been registered for a period of less than five years and hence we are not

required to comment on whether or not the accumulated losses at the end of the financial year is

fifty per cent or more of its net worth and whether it has incurred cash losses in the current

financial year and in the immediately preceding financial year.

Based on our audit procedures and as per the information and explanations given by the

management, we are of the opinion that the Company has not defaulted in repayment of dues to a

19


bank. The Company did not have any outstanding dues in respect of a financial institution or

debenture holders during the year.

According to the information and explanations given to us and based on the documents and

records produced before us, the Company has not granted loans and advances on the basis of

security by way of pledge of shares, debentures and other securities.

In our opinion, the Company is not a chit fund or a nidhi / mutual benefit fund / society. Therefore,

the provisions of clause 4(xiii) of the Order are not applicable to the Company.

In our opinion, the Company is not dealing in or trading in shares, securities, debentures and other

investments. Accordingly, the provisions of clause 4(xiv) of the Order are not applicable to the

Company.

According to the information and explanations given to us, the Company has not given any

guarantee for loans taken by others from bank or financial institutions.

Based on the information and explanations given to us by the management, term loans were

applied for the purpose for which the loans were obtained.

According to the information and explanations given to us and on an overall examination of the

balance sheet of the Company, we report that no funds raised on short-term basis have been used

for long-term investment.

(xi)

(xii)

(xiii)

(xiv)

(xv)

(xvi)

(xvii)

(xviii) The Company has not made any preferential allotment of shares to parties or companies covered in

the register maintained under section 301 of the Act.

20


(xix)

(xx)

The Company did not have any outstanding debentures during the year.

The Company did not raise any money by public issues during the year. Accordingly, the

provisions of clause 4(xx) of the Order are not applicable to the Company.



Page 6 of 6

(xxi)

Based upon the audit procedures performed for the purpose of reporting the true and fair view of

the financial statements and as per the information and explanations given by the management, we

report that no fraud on or by the Company has been noticed or reported during the year.

For S.R. Batliboi and Associates LLP

Chartered Accountants

ICAI Firm Registration Number: 101049W

______________________________

per Govind Ahuja Partner

Membership Number: 48966

Place of Signature: Mumbai

Date: September 29, 2014

21


[100100] Balance sheetUnless otherwise specified, all monetary values are in Thousands of INR

31/03/2014 31/03/2013Balance sheet [Abstract] Equity and liabilities [Abstract] Shareholders' funds [Abstract] Share capital 80,382 41,417 Reserves and surplus 43,870 13,144 Total shareholders' funds 1,24,252 54,561 Share application money pending allotment 0 0 Non-current liabilities [Abstract] Long-term borrowings 8,084 0 Other long-term liabilities 0 0 Long-term provisions 441 183 Total non-current liabilities 8,525 183 Current liabilities [Abstract] Short-term borrowings 2,668 7,364 Trade payables 63,467 5,676 Other current liabilities 11,604 5,909 Short-term provisions 487 0 Total current liabilities 78,226 18,949 Total equity and liabilities 2,11,003 73,693 Assets [Abstract] Non-current assets [Abstract] Fixed assets [Abstract] Tangible assets 82,761 13,504 Intangible assets 3,943 2,422 Total fixed assets 86,704 15,926 Non-current investments 0 0 Long-term loans and advances 26,973 9,517 Other non-current assets 9,943 0 Total non-current assets 1,23,620 25,443 Current assets [Abstract] Current investments 68 2,441 Inventories 34,634 1,498 Trade receivables 40,531 40,792 Cash and bank balances 9,037 2,467 Short-term loans and advances 3,098 1,052 Other current assets 15 0 Total current assets 87,383 48,250 Total assets 2,11,003 73,693

22


[400300] Disclosures - Signatories of balance sheet

Details of directors signing balance sheet [Table] ..(1)Unless otherwise specified, all monetary values are in Thousands of INR

Directors signing balance sheet [Axis] Dir1 Dir201/04/2013

to 31/03/2014

01/04/2013 to

31/03/2014Details of signatories of balance sheet [Abstract] Details of directors signing balance sheet [Abstract] Details of directors signing balance sheet [LineItems] Name of director signing balance sheet [Abstract] First name of director SUNIL SRINIVAS Middle name of director RAMANNA Last name of director UDUPA POPURI Designation of director Managing Director Director Director identification number of director 02554652 05114579 Date of signing of balance sheet by director 29/09/2014 29/09/2014

23


[200100] Notes - Share capital

Disclosure of classes of share capital [Table] ..(1)Unless otherwise specified, all monetary values are in Thousands of INR

Classes of share capital [Axis] Share capital [Member] Equity shares [Member]01/04/2013

to 31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of classes of share capital [Abstract] Disclosure of classes of share capital [LineItems] Number of shares authorised [shares] 19,15,610 [shares] 19,05,600 [shares] 12,22,900 [shares] 12,22,900 Value of shares authorised 81,500 80,499 12,229 12,229 Number of shares issued [shares] 18,03,900 [shares] 14,14,250 [shares] 11,11,200 [shares] 11,11,200 Value of shares issued 80,382 41,417 11,112 11,112 Number of shares subscribed and fully paid [shares] 18,03,900 [shares] 14,14,250 [shares] 11,11,200 [shares] 11,11,200 Value of shares subscribed and fully paid 80,382 41,417 11,112 11,112 Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0 Value of shares subscribed but not fully paid 0 0 0 0 Total number of shares subscribed [shares] 18,03,900 [shares] 14,14,250 [shares] 11,11,200 [shares] 11,11,200 Total value of shares subscribed 80,382 41,417 11,112 11,112 Value of shares paid-up [Abstract] Number of shares paid-up [shares] 18,03,900 [shares] 14,14,250 [shares] 11,11,200 [shares] 11,11,200 Value of shares called 80,382 41,417 11,112 11,112 Value of shares paid-up 80,382 41,417 11,112 11,112 Reconciliation of number of shares outstanding [Abstract] Changes in number of shares outstanding [Abstract] Increase in number of shares outstanding [Abstract] Number of shares issued in private placement [shares] 3,89,649 [shares] 14,04,170 [shares] 0 [shares] 11,01,120

Total aggregate number of shares issued during period [shares] 3,89,649 [shares] 14,04,170 [shares] 0 [shares] 11,01,120

Total increase (decrease) in number of shares outstanding [shares] 3,89,649 [shares] 14,04,170 [shares] 0 [shares] 11,01,120

Number of shares outstanding at end of period [shares] 18,03,909 [shares] 14,14,170 [shares] 11,11,200 [shares] 11,11,120 Reconciliation of value of shares outstanding [Abstract] Changes in share capital [Abstract] Increase in share capital during period [Abstract] Amount of private placement issue during period 38,965 41,317 0 11,012

Total aggregate amount of increase in share capital during period 38,965 41,317 0 11,012

Total increase (decrease) in share capital 38,965 41,317 0 11,012 Share capital at end of period 80,382 41,417 11,111 11,112 Shares in company held by holding company or ultimate holding company or by its subsidiaries or associates [Abstract] Shares in company held by holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0 Shares in company held by ultimate holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0

Shares in company held by subsidiaries of its holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0

Shares in company held by subsidiaries of its ultimate holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0

Shares in company held by associates of its holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0

Shares in company held by associates of its ultimate holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0

24


Total shares in company held by holding company or ultimate holding company or by its subsidiaries or associates

[shares] 0 [shares] 0 [shares] 0 [shares] 0

Details of application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund, principal

0 0 0 0

Application money received for allotment of securities and due for refund, interest accrued

0 0 0 0

Total application money received for allotment of securities and due for refund and interest accrued thereon

0 0 0 0

Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0 [shares] 0 Share premium for shares to be allotted 0 0 0 0

25



Classes of share capital [Axis] Equity shares 1 [Member] Preference shares [Member]01/04/2013

to 31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of classes of share capital [Abstract] Disclosure of classes of share capital [LineItems] Type of share Equity Equity Number of shares authorised [shares] 12,22,900 [shares] 12,22,900 [shares] 6,92,710 [shares] 6,82,700 Value of shares authorised 12,229 12,229 69,271 68,270 Number of shares issued [shares] 11,11,200 [shares] 11,11,200 [shares] 6,92,700 [shares] 3,03,050 Value of shares issued 11,112 11,112 69,270 30,305 Number of shares subscribed and fully paid [shares] 11,11,200 [shares] 11,11,200 [shares] 6,92,700 [shares] 3,03,050 Value of shares subscribed and fully paid 11,112 11,112 69,270 30,305 Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0 Value of shares subscribed but not fully paid 0 0 0 0 Total number of shares subscribed [shares] 11,11,200 [shares] 11,11,200 [shares] 6,92,700 [shares] 3,03,050 Total value of shares subscribed 11,112 11,112 69,270 30,305 Value of shares paid-up [Abstract] Number of shares paid-up [shares] 11,11,200 [shares] 11,11,200 [shares] 6,92,700 [shares] 3,03,050 Value of shares called 11,112 11,112 69,270 30,305 Value of shares paid-up 11,112 11,112 69,270 30,305 Par value per share [shares] 10 [shares] 10 Details of shares not fully called [Abstract] Amount per share called [shares] 10 [shares] 10 Reconciliation of number of shares outstanding [Abstract] Changes in number of shares outstanding [Abstract] Increase in number of shares outstanding [Abstract] Number of shares issued in private placement [shares] 0 [shares] 11,01,120 [shares] 3,89,649 [shares] 3,03,050

Total aggregate number of shares issued during period [shares] 0 [shares] 11,01,120 [shares] 3,89,649 [shares] 3,03,050

Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 11,01,120 [shares] 3,89,649 [shares] 3,03,050

Number of shares outstanding at end of period [shares] 11,11,200 [shares] 11,11,120 [shares] 6,92,709 [shares] 3,03,050 Reconciliation of value of shares outstanding [Abstract] Changes in share capital [Abstract] Increase in share capital during period [Abstract] Amount of private placement issue during period 0 11,012 38,965 30,305

Total aggregate amount of increase in share capital during period 0 11,012 38,965 30,305

Total increase (decrease) in share capital 0 11,012 38,965 30,305 Share capital at end of period 11,111 11,112 69,271 30,305 Shares in company held by holding company or ultimate holding company or by its subsidiaries or associates [Abstract] Shares in company held by holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0 Shares in company held by ultimate holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0

Shares in company held by subsidiaries of its holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0

Shares in company held by subsidiaries of its ultimate holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0

Shares in company held by associates of its holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0

Shares in company held by associates of its ultimate holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0

26


Total shares in company held by holding company or ultimate holding company or by its subsidiaries or associates

[shares] 0 [shares] 0 [shares] 0 [shares] 0

Details of application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund, principal

0 0 0 0

Application money received for allotment of securities and due for refund, interest accrued

0 0 0 0

Total application money received for allotment of securities and due for refund and interest accrued thereon

0 0 0 0

Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0 [shares] 0 Share premium for shares to be allotted 0 0 0 0

27



Classes of share capital [Axis] Preference shares 1 [Member]01/04/2013

to 31/03/2014

01/04/2012 to

31/03/2013 Disclosure of classes of share capital [Abstract] Disclosure of classes of share capital [LineItems] Type of share ParticipatoryCumulative

ParticipatoryCumulative

Number of shares authorised [shares] 6,92,710 [shares] 6,82,700 Value of shares authorised 69,271 68,270 Number of shares issued [shares] 6,92,700 [shares] 3,03,050 Value of shares issued 69,270 30,305 Number of shares subscribed and fully paid [shares] 6,92,700 [shares] 3,03,050 Value of shares subscribed and fully paid 69,270 30,305 Number of shares subscribed but not fully paid [shares] 0 [shares] 0 Value of shares subscribed but not fully paid 0 0 Total number of shares subscribed [shares] 6,92,700 [shares] 3,03,050 Total value of shares subscribed 69,270 30,305 Value of shares paid-up [Abstract] Number of shares paid-up [shares] 6,92,700 [shares] 3,03,050 Value of shares called 69,270 30,305 Value of shares paid-up 69,270 30,305 Par value per share [shares] 100 [shares] 100 Details of shares not fully called [Abstract] Amount per share called [shares] 100 [shares] 100 Reconciliation of number of shares outstanding [Abstract] Changes in number of shares outstanding [Abstract] Increase in number of shares outstanding [Abstract] Number of shares issued in private placement [shares] 3,89,649 [shares] 3,03,050 Total aggregate number of shares issued during period [shares] 3,89,649 [shares] 3,03,050 Total increase (decrease) in number of shares outstanding [shares] 3,89,649 [shares] 3,03,050 Number of shares outstanding at end of period [shares] 6,92,709 [shares] 3,03,050 Reconciliation of value of shares outstanding [Abstract] Changes in share capital [Abstract] Increase in share capital during period [Abstract] Amount of private placement issue during period 38,965 30,305 Total aggregate amount of increase in share capital during period 38,965 30,305 Total increase (decrease) in share capital 38,965 30,305 Share capital at end of period 69,271 30,305 Shares in company held by holding company or ultimate holding company or by its subsidiaries or associates [Abstract] Shares in company held by holding company [shares] 0 [shares] 0 Shares in company held by ultimate holding company [shares] 0 [shares] 0 Shares in company held by subsidiaries of its holding company [shares] 0 [shares] 0 Shares in company held by subsidiaries of its ultimate holding company [shares] 0 [shares] 0 Shares in company held by associates of its holding company [shares] 0 [shares] 0 Shares in company held by associates of its ultimate holding company [shares] 0 [shares] 0 Total shares in company held by holding company or ultimate holding company or by its subsidiaries or associates [shares] 0 [shares] 0

Details of application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund, principal 0 0

Application money received for allotment of securities and due for refund, interest accrued 0 0

Total application money received for allotment of securities and due for refund and interest accrued thereon 0 0

Number of shares proposed to be issued [shares] 0 [shares] 0 Share premium for shares to be allotted 0 0

28


Disclosure of shareholding more than five per cent in company [Table] ..(1)Unless otherwise specified, all monetary values are in Thousands of INR

Classes of share capital [Axis] Equity shares 1 [Member]Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of shareholding more than five per cent in company [Abstract] Disclosure of shareholding more than five per cent in company [LineItems] Type of share Equit Equit Equit Equit Name of shareholder Sunil Udupa Sunil Udupa Srinivas Popuri Srinivas Popuri PAN of shareholder AAAPU0240J AAAPU0240J AFIPP5186P AFIPP5186P Country of incorporation or residence of shareholder INDIA INDIA INDIA INDIA

Number of shares held in company [shares] 10,00,000 [shares] 10,00,000 [shares] 1,11,110 [shares] 1,11,110 Percentage of shareholding in company 90.00% 90.00% 10.00% 10.00%


to 31/03/2014

01/04/2012 to

31/03/2013Disclosure of notes on share capital explanatory [TextBlock] Whether there are any shareholders holding more than five per cent shares in company Yes Yes

Number of persons on private placement of equity share 2 2 Nature of security on private placement of equity share Secured Secured Number of persons on private placement of preference share 2 2 Nature of security on private placement of preference share Secured Secured Number of shareholders of company 2 2 Number of allottees in case of preferential allotment 0 0 Whether reduction in capital done during year No No Whether money raised from public offering during year No No

[200200] Notes - Reserves and surplus

Statement of changes in reserves [Table] ..(1)Unless otherwise specified, all monetary values are in Thousands of INR

Components of reserves [Axis] Reserves [Member] Securities premium account [Member]01/04/2013

to 31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Statement of changes in reserves [Abstract] Statement of changes in reserves [LineItems] Changes in reserves [Abstract] Additions to reserves [Abstract] Profit (loss) for period -20,309 -22,474 0 0 Other additions to reserves 51,035 39,694 51,035 39,694 Total additions to reserves 30,726 17,220 51,035 39,694 Appropriations for dividend, dividend tax and general reserve [Abstract] Transfer to general reserve 0 0 0 0 Total appropriations for dividend, dividend tax and general reserve 0 0 0 0

Total changes in reserves 30,726 17,220 51,035 39,694 Reserves at end of period 43,870 13,144 90,729 39,694

29


Statement of changes in reserves [Table] ..(2)Unless otherwise specified, all monetary values are in Thousands of INR

Components of reserves [Axis] Surplus [Member]01/04/2013

to 31/03/2014

01/04/2012 to

31/03/2013 Statement of changes in reserves [Abstract] Statement of changes in reserves [LineItems] Changes in reserves [Abstract] Additions to reserves [Abstract] Profit (loss) for period -20,309 -22,474 Other additions to reserves 0 0 Total additions to reserves -20,309 -22,474 Appropriations for dividend, dividend tax and general reserve [Abstract] Transfer to general reserve 0 0 Total appropriations for dividend, dividend tax and general reserve 0 0 Total changes in reserves -20,309 -22,474 Reserves at end of period -46,859 -26,550

[200300] Notes - Borrowings

Classification of borrowings [Table] ..(1)Unless otherwise specified, all monetary values are in Thousands of INR

Classification based on time period [Axis] Long-term [Member]Classification of borrowings [Axis] Term loans from banks [Member] Rupee term loans from banks [Member]

Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]31/03/2014 31/03/2013 31/03/2014 31/03/2013

Borrowings notes [Abstract] Details of borrowings [Abstract] Details of borrowings [LineItems] Borrowings 8,084 0 (A) 8,084 0

Footnotes (A) Term Loan - Bank of Maharashtra 13,084 Less: Amount disclosed under current maturities (Refer Note 9) (5,000)


Classification based on time period [Axis] Short-term [Member]Classification of borrowings [Axis] Working capital loans from banks[Member]

Loans and advances from related parties[Member]

Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]31/03/2014 31/03/2013 31/03/2014 31/03/2013

Borrowings notes [Abstract] Details of borrowings [Abstract] Details of borrowings [LineItems] Borrowings (A) 2,668 (B) 4,248 0 3,116

Footnotes (A) Bank Cash Credit - Bank of Maharashtra 2,668 (B) Bank OverDraft - HDFC Bank - 4,248

30



Classification based on time period [Axis] Short-term [Member]Classification of borrowings [Axis] Loans and advances from directors[Member]

Subclassification of borrowings [Axis] Unsecured borrowings [Member]31/03/2014 31/03/2013

Borrowings notes [Abstract] Details of borrowings [Abstract] Details of borrowings [LineItems] Borrowings 0 (A) 3,116

Footnotes (A) Unsecured Loan from Directors - 3,116

[201000] Notes - Tangible assets

Disclosure of tangible assets [Table] ..(1)Unless otherwise specified, all monetary values are in Thousands of INR

Classes of tangible assets [Axis] Company total tangible assets [Member]Sub classes of tangible assets [Axis] Owned and leased assets [Member]

Carrying amount accumulated depreciation and grosscarrying amount [Axis] Carrying amount [Member]

Gross carrying amount[Member]

Accumulated depreciation andimpairment [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of tangible assets [Abstract] Disclosure of tangible assets [LineItems] Reconciliation of changes in tangible assets [Abstract] Changes in tangible assets [Abstract] Additions other than through business combinations tangible assets

76,697 34,251 76,697 34,251

Depreciation tangible assets -7,440 -2,298 7,440 2,298 Disposals tangible assets [Abstract] Disposals tangible assets, others 0 22,254 0 22,254 0 0

Total disposals tangible assets

0 22,254 0 22,254 0 0

Other adjustments tangible assets [Abstract] Other adjustments tangible assets, others 0 0 0 0 0 0

Total other adjustments tangible assets 0 0 0 0 0 0

Total changes in tangible assets

69,257 9,699 76,697 11,997 7,440 2,298

Tangible assets at end of period 82,761 13,504 92,562 15,864 9,801 2,360

31



Classes of tangible assets [Axis] Plant and equipment [Member]Sub classes of tangible assets [Axis] Owned and leased assets [Member]




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


64,162 29,343 64,162 29,343

Depreciation tangible assets -3,823 -735 3,823 735 Disposals tangible assets [Abstract] Disposals tangible assets, others 0 22,254 22,254 0 0


0 22,254 22,254 0 0

Other adjustments tangible assets [Abstract] Other adjustments tangible assets, others 0 0 0 0 0

Total other adjustments tangible assets 0 0 0 0 0


60,339 6,354 64,162 7,089 3,823 735

Tangible assets at end of period 66,695 6,354 71,253 7,089 4,558 735

32



Classes of tangible assets [Axis] Factory equipments [Member]Sub classes of tangible assets [Axis] Owned and leased assets [Member]




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


64,162 29,343 64,162 29,343



0 22,254 22,254 0 0




60,339 6,354 64,162 7,089 3,823 735


33



Classes of tangible assets [Axis] Factory equipments [Member]Sub classes of tangible assets [Axis] Owned assets [Member]




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


64,162 29,343 64,162 29,343



0 22,254 22,254 0 0




60,339 6,354 64,162 7,089 3,823 735


34



Classes of tangible assets [Axis] Furniture and fixtures [Member]Sub classes of tangible assets [Axis] Owned and leased assets [Member]




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


1,383 4,378 1,383 4,378

Depreciation tangible assets -1,132 -811 1,132 811 Disposals tangible assets [Abstract] Disposals tangible assets, others 0 0 0 0 0 0


0 0 0 0 0 0




251 3,567 1,383 4,378 1,132 811


35



Classes of tangible assets [Axis] Furniture and fixtures [Member]Sub classes of tangible assets [Axis] Owned assets [Member]




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


1,383 4,378 1,383 4,378



0 0 0 0 0 0




251 3,567 1,383 4,378 1,132 811


36



Classes of tangible assets [Axis] Office equipment [Member]Sub classes of tangible assets [Axis] Owned and leased assets [Member]




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


4,231 530 4,231 530



0 0 0 0 0 0




2,883 -222 4,231 530 1,348 752


37



Classes of tangible assets [Axis] Computer equipments [Member]Sub classes of tangible assets [Axis] Owned and leased assets [Member]




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


3,190 329 3,190 329

Depreciation tangible assets -625 -160 625 160 Disposals tangible assets [Abstract] Disposals tangible assets, others 0 0 0 0 0 0


0 0 0 0 0 0




2,565 169 3,190 329 625 160

Tangible assets at end of period 3,510 946 4,346 1,156 836 210

38



Classes of tangible assets [Axis] Computer equipments [Member]Sub classes of tangible assets [Axis] Owned assets [Member]




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


3,190 329 3,190 329



0 0 0 0 0 0




2,565 169 3,190 329 625 160

Tangible assets at end of period 3,510 946 4,346 1,156 836 210

39



Classes of tangible assets [Axis] Other equipments [Member]Sub classes of tangible assets [Axis] Owned and leased assets [Member]




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


1,041 201 1,041 201



0 0 0 0 0 0




318 -391 1,041 201 723 592


40



Classes of tangible assets [Axis] Other equipments [Member]Sub classes of tangible assets [Axis] Owned assets [Member]




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


1,041 201 1,041 201



0 0 0 0 0 0




318 -391 1,041 201 723 592


41



Classes of tangible assets [Axis] Leasehold improvements [Member]Sub classes of tangible assets [Axis] Owned and leased assets [Member]




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


6,921 0 6,921 0

Depreciation tangible assets -1,137 0 1,137 0 Disposals tangible assets [Abstract] Disposals tangible assets, others 0 0 0 0 0 0


0 0 0 0 0 0




5,784 0 6,921 0 1,137 0

Tangible assets at end of period 5,784 0 6,921 0 1,137 0

42



Classes of tangible assets [Axis] Leasehold improvements [Member]Sub classes of tangible assets [Axis] Owned assets [Member]




01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to


6,921 0 6,921 0

Depreciation tangible assets -1,137 0 1,137 0 Disposals tangible assets [Abstract] Disposals tangible assets, others 0 0 0 0 0 0


0 0 0 0 0 0




5,784 0 6,921 0 1,137 0

Tangible assets at end of period 5,784 0 6,921 0 1,137 0

Disclosure of additional information tangible assets [Table] ..(1)Unless otherwise specified, all monetary values are in Thousands of INR

Classes of tangible assets [Axis] Company total tangible assets[Member] Plant and equipment [Member] Factory equipments [Member]

Sub classes of tangible assets [Axis] Owned and leased assets[Member]Owned and leased assets

[Member]Owned and leased assets

[Member]01/04/2013

to 31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of additional information tangible assets [Abstract] Disclosure of additional information tangible assets [LineItems] Depreciation method tangible assets SLM SLM SLM SLM SLM SLM Useful lives or depreciation rates tangible assets As Per Law As Per Law 14.29 14.29 14.29 14.29

43



Classes of tangible assets [Axis] Factory equipments [Member] Furniture and fixtures [Member]Sub classes of tangible assets [Axis] Owned assets [Member] Owned and leased assets[Member] Owned assets [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of additional information tangible assets [Abstract] Disclosure of additional information tangible assets [LineItems] Depreciation method tangible assets SLM SLM SLM SLM SLM SLM Useful lives or depreciation rates tangible assets 14.29 14.29 20 20 20 20


Classes of tangible assets [Axis] Office equipment [Member] Computer equipments [Member]Sub classes of tangible assets [Axis] Owned and leased assets[Member]

Owned and leased assets[Member] Owned assets [Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013 Disclosure of additional information tangible assets [Abstract] Disclosure of additional information tangible assets [LineItems] Depreciation method tangible assets SLM SLM SLM SLM SLM SLM Useful lives or depreciation rates tangible assets 20 20 20 20 20 20


Classes of tangible assets [Axis] Other equipments [Member] Leasehold improvements[Member]Sub classes of tangible assets [Axis] Owned and leased assets[Member] Owned assets [Member]

Owned and leased assets[Member]

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 to

31/03/2014

01/04/2012 to

31/03/2013

01/04/2013 t

fy14 balance sheet

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