JI{YAMNAGORI & COMPANYfihartere d Accountants 1O9,Kailash Park Colony,

Geeta Bhawan, Indore 452001 (M.P.)Ph:0731 - 2494709Email-cashliamnagori@ gmail.com

To, INDEPENDENT AUDITOR,S REPORT

The Members,S.L. DEVELOPERS PRIVATE LIMITEDraz, USHAGAN' 2ND FLOOR"

IAORA COMPOUNDINDORE-452001 (Madhya Pradesh)CIN : U45201.MP1999PT CO13494

Report on the Financial Statements

We have audited the accompanying financial statements of S.L. DEVELOPERS PRIVATE LIMITED (',ACompany") Registered Address 7712,llsha Gnnj, 2"d Eloor, laora Compounil Inilore (Maillrya prailesli, whichcomprise the Balance Sheet as at March 37,2078, and the Statement of Profit and Loss and cash flow statementfor the year ended March 31, 2018 and a summary of significant accounting policies and other explanatoryinformation.

Management's Responsibility for the Financial Statements

The Company's Board of Directors is responsible for the matters statecl in Section 134(5) of the Companies Act,2013 ("the Act") with respect to the preparation and presentation of these financial statements that give a h.ueand fair view of the financi4l position, financial performance and cash flows of the Company in accordance withthe accounting principles generally accepted in India, including the Accounting Standards specified underSection 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includesmaintenance of adequate accountin8rrecords in accordance with the provisions of the Act for safeguarding theassets of the Company and for preventin$ and detecting frauds and other irregularities; selection and applicationof appropriate accounting policies; making judgments and estimates that are reasonable and pruden! and design,implementation and maintenance of adequate internal financial controls, that were operating effectively forensuring the accuracy and completeness of the accounting records, relevant to the preparation an4 presentationof the financial statements that give a true and fair view and are free from material misstatemenf whether due tofraud or error.

Auditor's Responsibility

Our responsibitity is to express an opinion on these financial statements based on our audit.

We have taken into account the provisions of the Act, the accounting and auditing standards and matters whichare required to be included in the audit report under the provisions of the Act and the Rules made there-u'der.

We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act.Those Standards require that we comply with ethical requirements and plan and perform the audit to obtainreasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the discloswesin thefinancial statements- The procedures selected depend on the auditor's judgment, including tfre assffi*t*effi!.'....

?(W,i,cD,\a-\ ,/ .. ...'

i\ e. -

+ ati-oa r (\'t.,':

SHYAMNAGORI &COMPANYChartered Accountants

risks of material misstatement of the financial statements, whether due to fraud or error. In making those riskassessments, the auditor considers internal financial control relevant to the Company's preparation of thefinancial statements that give a true and fair view in order to design audit procedures that are appropriate in thecircumstances, but not for the purpose of expressing an opinion on whether the Company has in place anadequate internal financial controls system over financial reporting and the operating effectiveness of suchcontrols. An audit also includes evaluating the appropriateness of the accounting policies used and thereasonableness of the accounting estimates made by the Company's Directors, as well as evaluating the overallpresentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our auditopinion on the financial statements.

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the financialstatements give the information required by the Act in the manner so required and give a true and fair view inconformity with the accounting principles generally accepted in India:

(a)Inthecaseof theBalanceSheet,of thestateof affairsof theCompanyasatMarch 31,201g;

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

(c ) In case of the cash flow statement of the cash flow for the year ended on that date

Report on Other Legal and Regulatory Requirements:

1' As required by the Companies (Auditor's Report) order, 20'1.6 ("the Order,,) issued by the CenhalGovernment of lrdia in terms of sub-section (11) of section '].43 of the Act, we give in the Annexure Astatement on the matters specified in the paragraph 3 and 4 of the order.

2. As required by section 143 (3) of the Acf we report that:

(a) we have sought and obtained all the information and explanations which to the best of our knowledge andbelief were necessary for the purposes of our audit.

(b) in our opinion proper books of account as required by law have been kept by the Company so far as itappears from our examination of those books;

(c) the balance sheet and the statement of profit and loss dealt with by this Report are in agreement with thebooks of accounL

(d) in our opiniory the aforesaid financial statements comply with the Accounting standards specified undersection 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014;

(e) on the basis of the written representations received from the directors as on 31 March 201g taken on record bythe Board of Directors, none of the directors is disqualified. as on 31 March 201g from being appointed as adirector in terms of Section 1,64 (Z) of the AcU

:--::*-\

SHYAMNAGORI &COMPANYChartered Accountants

(f) with respect to the adequary of the internal financial controls over financial reporting of the company andthe operating effectiveness of such controls, refer to our separate report in ,Annexure B.

(g) with respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 of theCompanies (Audit and Auditors) Rules, 2014, rn our opinion and to the best of our information andaccording to the explanations given to us:

i' the Company has disclosed the impact of pending litigations on its financial position in its financialstatements

ii' the Company has made provision, as required under the applicable law or accounting standards, formaterial foreseeable losses, rt any, on long-term contracts including d.erivative contracts.

iii' there has been no delay in transferring amounb, required to be transferred, to the Investor Education andProtection Fund by the Company.

For: SHYAM NAGORI & COMPANYChartered AccountantsFRN:0M573C

Shyam NagoriProprietorMembership No.073609

Date: May 22th,2018

Place: Indore

SHYAMNAGORI & COMPANYChartered Accountants

Annexure'A' to the Independent Auditor,s Report

The Annexure referred to in our Independent Auditors' Report to the members of the Company on the financialstatements for the year ended 31 March 2018, we report that:

t (u) The Company has no fixed assets as on date.(b) As the company does not possess any fixed assets, thus the verification of the same is not applicable to

us.(c) The company does not own any immovable property.

II. The Company does nothave inventory.

ru' According to-information and explanations given to us, the Company has not granted any loans, securedor unsecured to companies, firms or other parties covered in the-register maintained u/s 1g9 of theCompanies Act,2013.

IV' The company lT ""! given any loans, investments, guarantees, and security in which the provisions ofsection 185 and 186 of the Companies Act, 2013 are applicable.

V. The Company has not accepted any deposits from the public.

u' As per information & explanations given to us that the maintenance of cost records has not beenprescribed by the Cenhal Governmen! under subsection 1 of section 148 of the Companies Act, 2012, forany product or services of the Company.

uI' (a) According to the information and explanations given to us and on the basis of our examination of therecords of the Company, amounb deducted / accrued in the books of account in respect of undisputedstafutory dues including provident fund, income-tax, sales tax, value added tax, duty tf customs, servicetax, cess and other material statutory dues have been regularly deposited during the year by theCompany with,the appropriate authorities. As explained to is, the company did not"have any dues onaccount of employees' state insurance and duty of excise.

(b) According to the information and explanations given to us, no undisputed amounts payable in respectof provident fund, income tax, sales tax, value added tax, duty of cuioms, service tax, cess and othermaterial statutory dues were in arrears as at 31 March 2018 for a period of more than six months from thedate they became payable.

(c) According to the information and explanations given to us, there are no dues of income tax or sales taxor wealth tax or service tax or duty of customs or duty of excise or value added tax of cess, which havenot been deposited on account of any dispute in various offices, of the Company as a whole as on 31stMarch,2018.

V]II' The Company does not have any loans or borrowings from any financial instifution, banks, governmentor debenture holders during the year. Accordingly, paragraph lviii; of the order is not applicalle.

IX' The Company did not raise any money by way of initial public offer or further public offer (includingdebt instruments) and term loans during the year. Accordingly, paragraph 1ix; or the orjer is notapplicable.

X. According to the information and explanations given to us, no material fraud on or by the company by itsofficers or employees has been noticed or reportld during the course of our audit.

li' ,1:x;;!\. lruoesg

a\

)o

XT

Xru

SHYAMNAGORI &COMPANYChartered Accountants

In our opinion and according to the information and explanations given to us, the Company has notpaid/provided for managerial remuneration. Accordin gly, pangraph (xi) of the order is not applicable.

In our opinion and according to the information and explanations given to us, the Company is not a nidhicompany. Accordingly, paragraph (xii) of the order is not applicable.

According to the information and explanations given to us and based on our examination of the recordsof the Company, transactions with the related parties are in compliance with Sections 177 and,lgg of theAct where applicable and details of such transactions have been disclosed in the financial statements asrequired by the applicable accounting standards.

According to the in-formation and explanations given to us and based on our examination of the recordsof the Company, the Company has not made any preferential allotment or private placement of shares orfully or partly convertible debentures during the year.

According to the information and explanations given to us and based on our examination of the recordsof the Company, the Company has not entered. into non-cash transactions with directors or personsconnected with him. Accordingly, paragraph (xv) of the order is not applicable.

Aj E comPany is not finance company and it is not required to be registered u/s 45-IA of R.B.I act19M.So, this clause is not applicable.

For: SHYAM NAGORI & COMPANYChartered AccountantsFRN:004573C

Shyam NagoriProprietorMembership No.073609

Place: IndoreDate: Mav 22th2018

XV

Xry

XVI

Annexure B

ANNEXT,JRE TO THE INDEPENDENT AUDITOR'S REPORT OF EVEN DATE ON THEFINANCIAL STATEMENTS OF S.L. DEVELOPERS PRIVATE LIMITED

Referred to in paragraph 2(f) of the Independent Auditors' Report of even date to themembers of S.L. Developers Private Limited on the financial statements for the year ended March3L,2018

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 ofthe Act

1' We have audited the internal financial controls over financial reporting of S..L. DevelopersPrivate Limited ("the Company") as of March 31,2018 in conjunction with our audit of thefinancial statements of the Company for the year ended on that date.

Management's Responsibility for Internal Financiar controls

2. The Company's management is responsible for establishing and maintaining internalfinancial controls based on the internal control over financial reporting criteria established by theCompany considering the essential components of internal control Stated in the Guidance Noteon Audit of Internal Financial Controls over Financial Reporting issued by the Institute ofChartered Accountants of India (ICAI). These responsibilities include the design,implementation and maintenance of adequate internal financial controls that were operatingeffectively for ensuring the orderly and efficient conduct of its business, including adherence tocompany's policies, the safeguarding of its assets, the prevention and detection of frauds anderrors, the accuracy and completeness of the accounting records, and the timely preparation ofreliable financial information, as required under the Act..

3' Our responsibility is to express an opinion on the Company's internal financial conkolsover financial reporting based on our audit. We conducted our audit in accord.ance with theGuidance Note on Audit of Internal Financial Controls Over Financial Reporting (the"Guidance Note") and the Standards on Auditing deemed to be prescribed under section143( 10) of the Act to the extent applicable to an audit of internal financial controls, bothapplicable to an audit of internal financial controls and both issued by the ICAI. ThoseStandards and the Guidance Note require that we comply with ethical requirements and planand perform the audit to obtain reasonable assurance about whether adequate internalfinancial conhols over financial reporting was established and maintained and if suchcontrols operated effectively in all material respects.

4' Our audit involves performing procedures to obtain audit evidence about the adequacy ofthe internal financial controls system ever financial reporting and their operatingeffectiveness..our audit of internal financial controls over financial reporting includedobtaining an understanding of internal financial controls over financial reporting, assessingthe risk that a material weakness exists, and testing and evaluating the design and operatinteffectiveness of internal control based on the assessed risk. The proced.ures selected depend onthe auditor's judgemenf including the assessment of the risks of material nisstatement of thefinancial statements, whether due to fraud or error.

5. We believe that the audit evidence we have obtainedprovide a basis for our audit opinion on the Company'sover financial reporting.

is sufficient and appropriate tointernal financial controls svstem

6. A company's internal financial conhol over financial reporting is a process designed toprovide reasonable assurance regarding the reliability of financial reporting and thePreparation of financial statements for external purposes in accordance with generallyaccepted accounting principles. A company's internal financial control over financialreporting includes those policies and procedures that

(i) pertain to the maintenance of records that, in reasonable detail, accuratelv andfairly reflect the transactions and dispositions of the assets of the company;

(ii) provide reasonable assurance that transactions are recorded as necessary topermit preparation of financial statements in accordance with generally acceptedaccounting principles, and that receipts and expenditures of fthe company are beingmade only in accordance with authorizations of management and directors of thecqmpany;

(iii) provide reasonable assurance regarding prevention or timely detection ofunauthorized acquisition, use, or disposition of-the company's assets that could have amaterial effect on the financial statements. Inherent Limitations of Internal FinancialControls Over Financial Reporting

7. Because of the inherent limitations of internal financial controls over financial reporting,including the possibility of collusion or improper management overrid.e of controls, materialmisstatements due to error or fraud may occur and not be detected. Also, projections of anyevaluation of the internal financial controls over financial reporting to future periods aresubject to the risk that the internal financial control over financial reporting may becomeinadequate because of changes in conditions, or that the degree of compliance with thepolicies or procedures may deteriorate.

Opinion

8' In our opinion, the Company has, in all material respects, an adequate internal financial.controls system over financial reporting and such internal financial controls over financialreporting were operating effectively as at March 31't 2018, based on the internal control overfinancial reporting criteria established by the Company considering the essential

. components of internal control stated in the Guidance Note on Audit of Internal FinancialControls over Financial Reporting issued by the Institute of Chartered Accountants of India.

For: SHYAM NAGORI & COMPANYChartered AccountantsFRN:004573C

Shyam NagoriProprietorMembership No. 073609

Date: May 22th,2018Place: Indore

,#*'l\\[k[l",i!,',

S.L.DEVELOPERS PRIVATE LIMITED112, USHA GAN' 2ND FLOOR,IAORA COMPOUND, TNDORE - 452001 (Mp)

Cl N : U45201 M P 1 999 PT C01 349 4

BALANCE SHEEI AS AT 3lst MARCII, 2018

(AmountinRs.)Curent Year Previous Yer

31.03.2018 3r.032fit7

I EQT,'ITY AND LIABILITIES(1)Shareholders' Funds

(a) Share Capital

(b) Reserves &Surplus

(2)Share Application Money Pending Allotnent

(3) Non - Currrnt Liebilitiee

(a) long Term Borrowings

(b) Deferred Tax Liabilities

(c) Other Long Term Liabilities

(d) LongTerm Provision

(4) CunentLiabilities

(a) Short Term Borrowings

(b) Short Term Provisions

(c) Other Current Liabilities

TOTAL

II ASSETS

(1) Non- Cunent Assets

(a) Fixed Assets

(i) Tangible Assets

(ii) Intangible Assets

(b) Non Currmt Investments

(c) Defened Tax Asset

(d) ShortTerm Loans and Advances

(2) CunentAssete

(a) brvmtories

(b) Cash & Cash Equivalmts

TOTAL

Significant Accounting Policies

Notes on Financial Statements

As per our report of even date

FoTSHYAM NAGORI & COMPANY

Chartered Accountants

FRN:004573C

Shyam Nagori

Proprietor

Membership No.0736@

PANno. AAPPN8116P

Date - May 22* 2018

Place - Indore

300,000

(1,588,ss0)

4,543,8-96

10,c00

300,000

Q,6n,752)

4,ffi3,596

51B02

11,500

3165,y6 3,289,y5

2,307,000

ffigts+e

2307,N0

982ts45

.1t') -..,nftt8grt9-Siddhant Shanna

Director

DIN:0813433

3165,346 3,A9,96

Pvt Limited

viiayDirector

DIN:00172878

#nT.s, rvt.t\o. I il*1 o736oe iS rl

wllj,l'

i'.i"?[i,o" ' t,""r ( )so ,i.Q

(ryoagL,

S.L.DEVELOPERS PRTVATE LIMITED1]4, UIHA GANI, 2ND FLOOR, IAORA C@

PROFTT AND LOSS ACCOLINT AS AT 31sr MARCIT 2018

(Amount in Rs.)

CurcnlYer31.03.2018

Previous Yea31.03.2017

I Revenue from Operations

III Total Revenue

IV.Expenses

Employee Bmefit Expenses

Finance Cost

Depreciation and amortization experrses

Other Expmses

Total Expens€s

V. Profit before exceptional and extraordinary items and tax

VI. Profit before extraordinary items and taxVII. Extsaordinary ltems

VIII. Profit Before Tax

IX. Tax Expenses

(1) Current Year Tax

(2) Deferred Tax

XI. Profi(toss) from the continuing operations

)0I. Profit/(Ioss) for the period

XII. Earning per Equity Share:

(1) Basic

(2) Diluted

Significant Accounting Policies

Notes on Financial Statements

As per our report of even date

For SHYAM NAGORI & COMPANY

9

(I+II)

10

11

72

(ur-rV)

(V-VD

(vr-vtr)

(Vnr-x)

7-25

For and on behaU of

(11,398)

361500

365"500

L6,313

75;t@lqnE

37,228

16313 122.053

(15,313)

(15"313)

(16313)

(4,eLs)

(11,398)

u3,uz

243,47

243,U7

47,tSO

195,5E7

t95,597

(0.38)

(0.38)

6.52

o.52

PvtLimited

Chartered Accountants

FRN: CXX573C

Shyem Nagori

Proprietor

Membership No. O73609

PANno. AAPPN8116P

Date - May 22R 2018

Place - Indore

)^^I-

v -Eiddhant Sharma

Dhector

DIN:08123433

Vijay KothariDirector

DIN:00172878

r-:.\\:-

Nasoi)'*\-Fa'd

7s'.a "].r\g" \io '7{-)' ,5

/Ao '--'!.n,sag?/

1 1/2, Usha Ganj, Jaora Compound, Indore - 4S2OO1 (M.p.)CIN: U45201 Mp1 999pTC01 3494

Cash Flow Statement for the year ended 31 March, 2018

open|ing

Prcfit / (Loss) before oxtEordinery items and td

Depreciation end amortisstion

Loss on sale ot a$ets

profil / (loss) beforo wofiing capital chang€s

Adjusirent$ tor (inme) /.te@6e in optding aets:lnventories

Trade recoivables

Loans and advan@s

Other curent assets

Adjustnents lq inffi#e / (dffie) in oryating liabitiths:

Short Tem bomings

Shori Tem prcvisions

Oher long"tsm liabiliti€s

Long Tem borcwings

flow frcm ext.aordinary items

gsneEted fEm opeEtions

income ia (paid) / refunds

cash flow trom , (usd Inl op3nting .ctivi$es (A)

C.ah fiow trcm inverting activlfios

of frxed assels

assets0

expenses paid

cash flowfrcm, ($sd Inl inves$ng rctvitbt (Bl

Crsh tlowtrom flnancing activitestrom issue of equlty shsrss

in reserye & su4rlus

tem liability paid

flil frm ortEordinary itilscrEh flowfrom r{used h) fin.nctng tc0vttbs (Cl

IncE.s, (decEa$) in Ca3h snd carh(A+B+Cl

and cash equiv8lsnts at the beginning ofthe year

of exchange differcnc€s on Estatem€nl otforoign curency Cesh and €sh eauivaleils

and cash equlvalentr attho €nd ofthe yoar

ofCash and cash equivalenis wiii the Brlance Sheet:

and cash oqulvalenls as per Balance Sh€€r

Bank barances not considered as cash and cash eguivarents as defined In As 3 castr Ftow statereri,details)

Cash and cash equivalents (as detined in AS 3 C6t Frow SlaterBlrs) insludsd in Note 19

Add: Curent investments considorcd as parl of Cash 8nd cash €quivalsnts (as defined in AS g C6h FtowSfgtorents) (Refer Note (i0 to Note 16 Curent Investments)

and crsh equivalent8 at the end ot the yearrComprises:

Cash on hand

Cheques, drafis on hatrd

Balances with banks

(0 lr curent accounls

(ii) In EEFC accounts

(iil) ln deposit accounts fith originat maturity of t6ss than 3 months

0v) In eamarked ecounts (give detaits) (R6fer Not6 (i0 bdry)Others (specity nalure)

curent investments considecd as part ofcash and cash equivarenrs (Reter Note (ii) to Note 16 curent

The cash Frw sratement rcfr€cts the combinod cash flffi pertaining ro @ntinuing and discounting operations.These eamail(ed account batances with banks can b€ utilised onty forthe sp€cific identiried pu.poses.

accompanylng notes toming pan ot the tin.ncial staGments (-*',_. " ".")For and on

NAGOR|}

NO.073609

Date-May?2bml7Place : lndoe

so'mDireclor

DIN : 08123433

Director

DlN.: 00'172978

I\4/S S.I.DEVELOPERS PRIVATE LIMITED112, USHA GANI, 2ND FLOOR, J AORA COn tp OUNo, rND ORE _ 4snuM

CurrentYear Previousyear

31.03.2018 3r.a3.2vt72 SHARECAPITAL

AUTHORISED CAPITAL :

50000 Equity Shares of Rs. 10 each

(Previous year 50000 shares of Rs. 10 each)

ISSI,JED SUBSCRIBED, PAID UP CAPITAL :

30000 Equity Shaes of Rs. 10 each fuIly paid up.( Previous Year 30,000 Equity Shares of Rs. 10 each fully paid up)

21 Thereconciliation of the

22 Detaik of Shareholders holding nore than S %o shares:

RESERIZES &SURPIUS

Surolus / (Deficitl

Opening balance

(+) Net Profit For the year

Closing Balance

LONG - TERjvTBORROWINGS

Unsecur€d loans from related partiesVijay Kothari (Director)*

Viji Finance Linrited *

Unsecured loans from others

Panjon Pharma Limited*

Herbes and health Makers O Limited*(Interest Free Loans)

s00000 500,000

300000

CurrentYear Previousyeu31.03.2018 3r.03.2017

(1,,677,1.52)

(11,398)

(1,87L74e)

195,597

(1,68&ss0) $,6452)

CurtentYear Previousyear31.03,2018 3I.O3.mr7

533,185 652,7A5

59,800

3,71.0,977 3,n0,971240000 240000w

-

dM,(}-

number of shares oubtandins is set oul belowParticularE As at 31st March 2018 As at 31st Manch 2017

No. of Shares Amounl No. of Shares AmountEquity Shares at the beginning of the yearAdd : Shares issued through allotment BonusLess : Shares buy back of during the year

30,000 300000 3,0,000 300,000

Eqdty Shares at the end of the year 30,00( 300,00( 30000 300,001

Nane of Shareholder As at 31st March 2018 As at 31st Malth 2017

No. ofshares % held No. of shares % heldViii Fianance Uited 3000c 100.00% 3000( 100.0t

S.L.DEVE PRIVATE LIMITEDTW,USHAGANI,2ND FLOO& COMPOUND. - 452001 (MP)

5 SITORTTERMPROVISIONS

Provision for Incorre Tax

Old Provision for krconre tax

oTIrrR cunnEur rrarrutt

Shyanr Nagori &Conpany

Other loans& Advarree (Unsecured Consider Good)Anoop Pandey

orsfl&B1{NKMIANCES

CashlnHandBalances With Scheduled Banks :

- InCurrent Accounb

Bank OfMaharashtra

ICICI Bank

CurrcntYear Previo{sYerr31.032018 sL.03.mr7

CurrentYear Prcviousye.r:,1.03.2{118 ct03.2'l17

10,000 11 500

CunentYear prcviousyeil

31.t}3-At$ cl.$J$n7

478n3,452

2,*7,W 2,3{J7,m@ 2,3O7r00

CrrrrentYear Previousyear

31.t)3r018 :n.&t2m7

-

858"346 $4g1

,.i! ^1:t

t iit' '"'.,

o , rli? :.'ri'

,','' ,o,t,,!" ,t tr'..,,

f')":l:)Q, '\-''J t ,f,,,jr /,Ql'!ryriagt,.

9 REYENUETROMOPERAITON

C-ontract Receipts

10 EIV'PI,OI4EES REI}fl.N'ERAIION & BENEEI?EDevelopm€nt Charges

11 rnvANcEcosrBar* Charges

CurcntYear PrreviouaYeer

in.032018 cLN,Wl7

CnrtentY€ar Pneviougyeu3.032018 ct.as.?ot7

CurrentYear Prcvioueyeer

31.032018 3L.O3.Z0I7

$ra

W

S.L.DEVELOPER$ PRTVATE LIMITED1r44!HA GANI, 2ND FLoO& I A9RA c@

Curr€ntYear PreviougYear

in.032018 gr.o3.mt:lU! OTITEREXPENSES

AuditFee

Interest

Poetages Experues

ROCFilingFees

Stationery & Printing Experues

Detailg of Atditods Remuneration

Statutory Audit Fee

Total Rs.

13 EARNINGS PER SHARE (EPS)

i) Net Profit after tax as per Statemmt ofProfit and Loss attributable to Equity Shareholders (Rs.)ii) weighted Average nunber of equity shares used as denominator for calculating EpSiii) Basic and Diluted Eamings per share

(Face value Rs. 10/- per equity shate )

10,000

5,713

1200

11,500

t4,il33,100

2"085

16313 n,%

mv-r810000

mlGxnT11,500

10000 11"500

mt7-1'8

-L1"398

30000

(0.38)

2UlG2Vt7

79fi,597

30000

6.52

K":"::l)'Q- ,' t,'r( rrt, )'.8,

Qt;.*.j

S.L. DEVELOPERS PRIVATE LIMITED112, USHA GANI,2ND FLooR" IA2RA C)MP)LTND,INDORE - 4s2001 (MP)

.].. SIGNIFICANTACCOUNTINGPOLICIES

1.1 System of Accounting

The financial statements have been prepared on a going concern and on accrual basis, under the historicalcost convention and in accordance wi.th the generally accepted accounting principles, the accountingstandards prescribed in the companies (AcJounting standards) Rules, ioia l55o"a by the CentualGovernment and relevant provisions of the Companies'Act 2013, tothe extent applicable.

1.2 Use of Estimates

The preparation of the financial statements in conformity with the generally accepted accountingprinciples requires the management to make estimates and assumption that affect the reported amount ofassets, liabilities, revenues & expenses and disclosure of contingent assets & liabilities. The estimates &assumptions used in the accompanying financial statements arelased upon management,s evaluation ofthe relevant facts and circumstances ai of the date of the Financial statements. Acfual results may deferfrom the estimates & assumptions used in preparing the accompanying Financial statements. Anydifferences of actual results to such estimates are recognized in the perioa iriwhich the results are known/ materialtzed.

1.3 Revenue recognitions

Expenditure and income considered payable and receivable are on accrual basis.

1.4 Fixed Assets

There is no Fixed Assets

L.5

1.6

Depreciation / Amortization

As there is no asset hence it is not applicable to us.

Investments

Company has no investment

fuo"u'i. a-, \t-'

r-

a\-(

J''nnR'

L.8

1.7 Taxation

Income-tax expense comprises current tax (i.e. amount of tax for the period determined in accordancewith the income-tax law), deferred tax charge or credit (reflecting the tax effect of timing differencesbetween accounting income and taxable income for the period) and fringe benefit tax.

Deferred taxation

The deferred tax charge or credit and the corresponding deferred tax liabilities and assets are recognizedusing the tax rates that have been enacted or substantially enacted at the balance sheet date. Deferred taxasseb are recognized only to the extent there is reasonable certainty that the asset can be realized infufure; however, where there is unabsorbed depreciation or carried forward loss under taxation laws,deferred tax assets are recognized only if there is a virfual certainty of realization of the assets. Deferredtax assets are reviewed as at each balance sheet date and written down or written-up to reflect theamount that is reasonable/virtually certain (as the case may be) to be realized.

Impairment of Assets

The Company assesses at each balance sheet date whether there is any indication that an asset may beimpaired based on internal/external factors. If any such indication exists, the Company estimates therecoverable amount of the asset. If such recoverable amount of the asset or the recoverable amount of thecash generated unit to which the asset belongs, is less than its carrying amoun! the carrying amount isreduced to its recoverable amount.

Provisions, Contingent Liabilities & Contingent Assets

Contingent liabilities, if material, are disclosed by way of notes, contingent assets are not recognized ordisclosed in the financial statements. A provision is recognized when an enterprise has i presentobligation as a result of past event(s) and it is probable that an oufflow of resources embodying eclnomicbenefits will be required to settle the obligation(s), in respect of which a reliable estimate can be made forthe amount of obligation.

61ffi,.

't.9

IWS S.L. DEVELOPERS PRIVATE LIMITEDL1/2, USHA GANI,2ND FLOOR,IAORA COMPOUND, INDORE - 452001 (Mp)

NOTES TO ACCOUNTST

14. CONTINGENT LIABILITIES NOT PROVIDED FOR : The contingent liabilities mayexist in respect of pending assessment with income tax, sales tax, excise duty etc. where theamounts are not ascertainable.

L5. In the opinion of board the current assets, loans and advances are approximately of thevalue stated in the Balance Sheet il realized in the ordinary course of business.

16. stock has been valued verified & Certified by the management.

17. Amount is rounded up to nearest of rupees.

18. CONFIRMATION OF BALANCES The accounts of sundry debtors, creditors and otherparties etc. are as per books of the concern. These Balances are subject to confirmation from therespective parties.

19. The unfinished shops are valued at the cost to the extent incurred up-to the Balance Sheetdate. However the value has been arrived at by the management on date which being technicalmatter, have been relied up-to by the auditors.

20. AUDITOR REMUNERATION

Particular Current Year 2017-2018 Previous Year 2016 -2077

Statutorv Audit Fees 10000 11500Tax Audit Fees 0 0Total L0000 1.L500

20.Disclosure pursuant to Related party disclosure (Accounting Standard - 18)Holdine ComnanvViji Finance Limited

Key Management PersonnelShri Vijay KothariShri Manish TambiShri Hiren KamdarShri SiddhantSharma

Note: Shri Siddhant Sharma was appointed as director w.e.f. 07.05.2018 and Shri Manish TambiResigned from directorship w.e.f. 12.05.2018Transactions carried out with related parties referred above in ordinary course ofbusiness. Details are as under

DirectorDirectorDirectorDirector

"-/*',?t^rt il/r/-.:t'r *

i{;,w,\\?\/ ,*o<.,\-?"\''\i{li

?t^$ il{'r"'{W\f rwDr

i\

-Particular Nafure Amount ,;ffi1ViiaV. Kothari--\";;"'n \c

Repayment of UnsecuredLoan

11e6oo^{6it}ioYiirtEinance Ltd. Receipt of Unsecured Loan 5e800[^A[iLW- / it]" .r.r* i

.ioli ot'-z', r\-__"7

Particulars Companies orDirector

O.S. as on O.S. as on3't.03.2015 3-t.03.2017

Long Term BorrowingsLong Term borrowings

22 EARNTNGS PER SHARE (EPS)

i) Net Profit after tax as per statement of profit and Loss attributable toEquity Shareholders (Rs.)

ii) weighted Average number of equity shares used as denominator forcalculating EI€

iii) Basic Earnings per share

iii) Diluted Earnings per share

(Face value Rs. 10/_ per equity share )

Detafu of amounts due to Micro, small and Medium Enterprise under the head current liabilities, based onthe information available with the Company and relied upon by the auditors- Nil (previous year - Nil).

trJil::I;#lflt"t have been reclassified regrouped and rearranged wherever found necessary to make

OTHER INFORMATIONS: -

Viji Finance Ltd.Vijay Kothari

59800

533185NIL

652785

201617

195597

30,000

6.52

6.52

23.

24.

25

As per our report attached even dateFor SHYAM NAGORI & COMPANY

Date May 22th,20l9Place: Indore

For on behalf ofS.L. DEV

W*9Siddhant SharmaDirectorDin:08123433

rnl t'UtIt''Vijay Kothari

LIMITED

DirectorDin:00172878

Current Year2017-2018

Previous year

Capital Expenditure t"--F"r"rg"Currencv

Remittance in Foreisn C

( ,r) /;o '-QVrvo agkl

Shyam NagoriProprietorMembership No.