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ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITEDRegd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001
Corporate Identity Number (CIN): U7OIOODL2010PTC208167, Tel. no.011-23353550, email:[email protected]
Date: 29th May, 2018
The Bombay Stock Exchange Limited
25th Floor, P. J. Towers,Dalal Street, Fort,Mumbai — 400 001
Dear Sir/ Madam,
Scrip Code: 949395
ISIN: INE893N07010
INE893N07028
Sub: Audited Financial Results (Consolidated and Standalone) for the Year
ended on the 31St March, 2018I under Regulation 52(2). Declaration Under
Regulation 52(3)(a)I Information under Regulation 52(4) and Certificate from
Debenture Trustee under Re ulation 52 5 of the SEBI Listin Obli ations and
Disclosure Reguirements) Regulations. 2015 (Listing Regulations)
With reference to captioned matter, please find enclosed herewith:
1. Audited Financial Results (Standalone and Consolidated) for the Year ended on
the 31St March, 2018 along with Auditors’ Report. (Annexure —1)
2. Declaration of Unmodified Opinion under Regulation 52(1)(a) of Listing
Regulation. (Annexure— 11)Information under regulation 52(4) of Listing Regulations. (Annexure
—
III)4. Certificate from Debenture Trustee under regulation 52(5) of Listing Regulations.
(Annexure—
IV)
E"
The same is for your information and records please.
Thanking you,
For Ansal PhalakInfrastructure Pvt. Ltd.
I
4/,
Roni Soni\‘1
.
‘
Company SecretaryM No. 36842
‘
K '\.“
Ahwtmu. ._ l
t it aivt it, PM Iil’ltlJiti'
illtlt’llt‘lttlt‘lll \tttlitnI'K Rvptit't
'l‘ti tlic it'lcntltt‘i‘t; ul- M/s; ANILJU, t'll+\l,.:\l( l FRAS’FRJ‘ Hi; lilMlTlflL)
chtn‘t an the Standalone Ind AS Financial ? tatcnicnts
\t‘r lntvr auditrd the. accompanying slandalmv Ind AS financial statements ot‘ M/s ANS/Hi
l’ll.»\ LAK INFRASTRUC‘I‘URE l’RlVA'l ti JMI’l‘ED (“lite Company"), which complisc
lhc ltalant‘t' Short as at 3i“ March .Ptllfx" tht’ talcntent ol' prolit and low and the cash flow
:Ltutt'nicnl and statt'ntcnl ol‘ change in equity (r the company for the year then cntlctL ztnrl a
minimal)! nl' sinnilicant accruinling policies and other cxplanalm‘y inlbrtnation (licrt‘in alter
returned to as “standalone 1nd AS [inancial stall merits"),
:\'lanat;cincnl‘:; Rtisptiitaihility for the Standalone Financial Statements
Ihr. t'ompany‘s Board 01' Dircclnrs in l't?Sp()llhtl)lC [or thc matters stated in Section 134(5) of
the. (‘nmpantcs Act, 2013 (“the Act“) with t‘t‘Sp tot to the preparation and presentation ol'lhcxt:
standalonc Ind AS financial statcmcnts that gi\ c a lruc and fair View of the financial position‘
financial purthrlnancc and cash flows change in cquity of the company of the Company in
accordance with the accounting principles get orally acccptcd in lndia, including the Indian
Accounting Standards (hid AS) spccificd mid -r Scctinn 133 of tlic Act, read with relevant
Rules thcrcundcr.
this rcxponsihility also includes maintenance at adoqualc acconnting rccords in accordance
with the provisions of the Act for safcguardi 3 the assets of the‘ Company and for preventing
and detecting Frauds and other irrqgularitn ;; sélcction and application of appropriate
acwunling policies; making judgmcnts and c timatcs that are reasonable and prudent; and
dcsigtn implementation and maintenance of adequate internal liuancial controls, that were
opt-rating cl't'uctively lbr cusuring the accurt and goinpletcncss ot' the accounting records,
relevant to thc preparation and presentation ol'ilic standalone lnd AS financial statcmcnts that
give a true and [air View and arc tree [rout material misstatement, whether due to hand or
Auditor’s Responsibility
Our responsibility is to express an opinion on thcsc standalone financial statcmcnts based on
our audit.
We have taken into account the provisions ol the Act, the accounting, and auditing standards
and matters which are required to be included in the audit report under the provisions of the
Act and thc Rulca made thcrcuntlcr.
ti/
505A. 5tthloor. D - 4, Rectangle ~1, Dlstrict Center. Sakai, New Delhi - 110 017
_
.. '
tel: +91 11 29M? 1232, 2956 2609,4054 8860-62, Fax: Extn. 102
Izmatl. [email protected], [email protected]. Welt: www.ravtra]an.co.ln. www.3ravigroup.com
W!- t‘thltlllt/lt‘vtl our unlit in amortizmm \Hllt tht~ :1t:tn<l:|nl:' on rtuoxmui sputtitn'tt nndr-t
{tendon Mttttn oi the Act. llms'r‘ Standards JCtttttl'i‘ that We I‘i)llt|)ly with ethical
requirements and plan and perioim the audit to obtain reasonable assurance about whether
the standalmie lntl All titraneial statements are tree from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and the
-
selected depend ondisclosures in the standalone Ind AS financial statements "the procedure.the auditor’s judgment, including the assessment of the risks oi" material misstatement of the
iinaneial statements whether due to fraud or error. In matting those risk assessments, the
auditor considers internal financial control relevant to the Company‘s preparation of the
financial statements that give a true and fair view in order to design audit procedures that are
appropriate in the circumstances. An audit also includes evaluating the appropriateness ot’the
accounting policies used and the reasonableness of the accounting estimates made by the
Conwany’s Directors, as well as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is sufficient zmd appropriate to providea basis for our audit opinion on the standalone Ind AS financial statements.
Opinion
In our opinion and to the best of our information and according to the explanations given to
us, the aforesaid standalone financial statements give the information required by the Act in
the manner so required and give a true and fair View in conionnity with the accounting
principles generally accepted in India including the lad A8, of the state at affairs of the
Company as at 315‘ March 2018 and its profit and its cash flows for the year ended on that
date.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor’s Report) Order, 2016 (“the Order”) issued by the
Central Government of india in terms of sub-section (ll) of section 143 of the Act, we givein the Annexure A, a statement on the matters specified in the paragraph 3 and 4 of the order.
2. As required by Section 143 (3) of the Act, we report that:
(a) We have sought and obtained all the information and explanations which to the best of
our knowledge and belief 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 it appears from our examination of those books;
((1) The balance sheet, the statement of profit and loss and the cash flow statement dealt
with by this Report are in agreement with the-books of account;
(d) In our opinion, the aforesaid standalone financial statements comply with the
Accounting Standards specified under Section 133 of the Act, read with relevant
Rules thereunder; ' /V
l/
{2‘3 ()4: tin ix:r~:i:. oi lliv "Jillittl win *:;-'niniion:: ri‘x-iiwtri from ihr‘ rliiui‘im‘ Jr; on ll‘“
March Jtillt taken on Itzroi'rl hy tin: Hoard ill Unirulnrrg nnnrt ol‘ lliti illilli.1l0lfi 1:5
(llStilliillllritl it}; on ll“ Mulch 7.0m li‘tnn lining nppoinlnrl it}; a ilirorzim' in forms 01'
Seution 164 (7,) ol‘lhn Aot;
(f) With respect to the nthxpmcy ofthu inlornal financial controls ovor linunoial reportingoftho Company and Iho operating al‘lholivoness ol‘such controls, refer to our separate
roporl in “Annexure B"; and
(g) Willi respect to tho other matters to ho included in the Auditor’s Roport in accordance
with Rule 1 I of the Companies: (Audit and Auditors) Rules, 20M, in our opinion and
to the host ofour inlonnaiion and according to the explanations given to us:
i. The Company has tho following pending litigation us at 3lst March 20l8
Case No‘ Case Title Case Remarksfi_
C(2No.901i/201(: RAMAN Complaint: Project: Sovereign Floors at Alba,
lllNDLlSI-l Kt Escencia, Sector-67, Gurgaon [Floor No, [:7
ANlt, VS ANSAL 2208 GF admeasuring 2491 Sui Ft.] Ref
PHALAK allotted unit No. [5-558 GF Relief sought: A)
Complete Construction and handover
possession 01' unit B-SSB-GF within 3 months
B) Compensatn @ Rs.‘JO/~ per sq.ft. per month
of super area w.etf. 29.08.2014 till actual
handover of possession C) Award loss of rent
@ Rs32,000/‘ per month w.e.fi 29.02.2014
till actual delivery D) Compensation
amounting Rs,50,00,000/- with 24% interest
E) Litigation cost F) Future Interest @ 18% pa
A/1245/2016 Sachin Kapoor UnitNo. E2190, First Floor, Esencia, ng.Thisvs Century 21 complaint is basically agianst Brocker CenturyIPS ltegrited & 21|PS ReliefSought: 1)Brockerage Discount of
Ors. 2% amounting to its. 1,28,000/- with interest
of 24%PA, 2) Rs. 2,00,000/- for mental agony,
3)Rs. 55,0DO/~ for Litigation Cost, 4) Rs.
1,00,00()/~ as compensation for unfair trade
practice.
CWP No. 18384 Ramjiwan & CWl’ against acquisition of land for Sector 58
of 2016 Others Vs State to 63 & 65 to 67in challenging Notice dated
of Haryarla & 02-06-2009 U/s 4 dated 31~05«2010 U/s 6 of
Others the land Acquisition Act in village Badshahpur,Tehsil & District Gurgaon alleging that Niketan
Real Estates Pvt. Ltd. pumhased 1 Kanal 17.5
Marla land from one Dungar S/o Sumarta R/o
Badshahpur.
CRiR/178/2016 Mahender Criminal Revision against Order dated 26—02-/
{l Singh Vs State 2016passed byJudicial Magistrate First Class,
ni Maryann t‘v
(lliim'H
CP No. .962 of Puneet Dutta
2016 V/s Ansal
Phalak
lnfrastrmfiure
trnrfinon itisniiudim ilw rmnplliini oi tl/a
{56(3) (.i, l’t. lUI registration 01" Hit Iter /
Kanal 5% Marla land in L. (:lltilfl alleged to Imm-
l'reen sold to Ansal Phalak against allotment of
2 plots of 251.16 Sq. Yards each in Esienrtin
project.
Settlement deed executed by the Plaintiff and
Respondent before Delhi Dispute Resolution
Society alter the dispute arose between the
parties due to non completion of project
Respondent failed to comply the settlement
deed therefore Plaintiff filed petition for
winding up of the company.
Shefali
Shrivastava Vs
Ansal Phalak
lnfrastructorL
Permanent Lok Adalal‘: Delay in Completionand possession offlat;
Suresh Kumar
VS Ansal Phalak
Infrastructure
Delay in Completion and possession of flat.
No.~ E—2209 Ground Floor.
ii. The Company is not required to make any provision, as required under the
applicable law or accounting standards, for material foreseeable losses, if any,
on long-term contracts including derivative contracts ;»
iii. The Company is not required to transfer any amount to the Investor
Education and Protection Fund.
For RAVI RAJAN & CO
Chartered Accountants
Finn’s registration number: 009073N
B .S, Rawat
Partner :-
Membership number: 034159
New Delhi 1 &q\05 \wh?
Autumn-u A tr ill!“ rtuniitoru‘ Hoport
The Aniiexurc relcrred to in Indcpcmlcnt Auditors“ Report to tho members of the Company
on the alandalonc ind AS financial statcnicnts for tho your ended 31'“ March 2018, we report
that:
(i) (a) Tho Crmrpany has maintained proper records showing full particulars, including
quantitative details and situation of fixed assets
(1')) The Company has it rcgular programme ol’physicnl verification 01' its tixcd assets by
which fixed assets are verilicd in a phased manner over a period of three years. In
occordancc with this programme, certain tixcd assets were verified during the year and no
material discrepancies were noticed on such verification. In our opinion, this periodicity of
physical verification is rcasonablc having regard to the sizo oftho Company and tho nnttirc
of its assets.
(c) According to the information and explanations given to us and on the basis of our
examination of the records of the Company, the company does not have any immovable
property and hence reporting on tho same does not arise.
(ii) The inventory consists of Construction material, Work in Progress. The Management has
conducted physical verification of inventories during the year: in our opinion, the frequency
of such vcri lication is reasonable and no material discrepancies were observed
(iii) The Company has granted loans to bodies corporate covered in the register maintained
under section 189 of the Companies Act, 2013 (“the Act”).
(a) In our opinion, the rate of interest and other terms and conditions on which the
loans had been granted to the bodies corporate listed in the register maintained under
Section 189 of the Act were not, prima facic, prejudicial to the interest of tho
Company
(1)) In the case of the loans granted to the bodies corporate listed in the register
maintained under section 189 of the Act, the borrowers have been regular in the
payment of the principal and interest as stipulated.
(c) 'l‘here are no overdue amounts in respect of the loan granted to a body corporate
listed in the register mainlained under section 189 of the Act.
(iv) [11 our opinion and according to the information and explanations given to us, the
Company has complied with the provisions of section 185 and 186 of the Act, with respect to
the loans and investments made.
/
Vi
{‘5} The t'onm:t»nv has not accepted any deposits ltoni tlrt' pnlrtn
5: spotzlliud by tho ("neural
M \r5l.
(vi) The Company is not required to nmintain cost records ;
(iovernnnxnt under subsection (1) ot‘scction 148 ol'the Conrpani
(vii) (a) According to the inforrnatitm and explanations given to us and the records or" the
Company examined by us, in our opinion, the Company is generally regular in depositing
undisputed statutory duos including provident fund, employees state insurance, income-tax,
sales tax, wealth tax, service tax, duty ot‘ custom, duty ot‘cxcise, value added tax, (2 s and
other statutory dues whichever is applicable.
As explained to us, lhe Company did not have any dues on account of employees" state
insurance and duty ol’excisc. According, to the information and explanations given to us, the
following, undisputed amounts for a period ot’ more than six months from the date they
became payable were in arrears as at 31bl March 20 | 8
Name of the Statute Nature of Dues Amount ( Rs/lakhs) Details
Income Tax Act, Income Tax and 373.35 For FY 20ltlvl5
1961..
interest thereon#
Income Tax Act, TDS and interest 23.94 For FY~2017--I8
1961 thereon (outstanding for more
7
W
than 6 months)
Haryana V.A.’1‘. WCT Liability and 18.47 For the period March
interest thereon 2017 to June 2017,i
F inancc Act 1994
TService Tax Liability 23.62 For the period March
and interest thereon7 7 7
201'] to June 2017
(b) According to the information and explanations given to us, there are no material dues of
duty of customs which have not been deposited with the appropriate authorities on account of
any dispute. However, according to information and explanations given to us, the following,
(Ines of income tax, sales tax, duty of excise, service tax and value added tax have not been
deposited by the Company on account of disputes
(viii) According, to the information and explanations given to us and as per books and records
examined by us, the company has not defaulted in repayment of dues to a financial institution
or bank or debenture holders.I
(ix) The Company did not raise any money by way of initial public offer or further public
offer (including debt instruments) and term loans during the year. Accordingly, paragraph 3
(ix) of the Order is not applicable.
(x) According to the information and explanations given to us, no material fraud by the
Company or on the Company by its officers or employees has been noticed or reported
during the course ofour audit.
(4i) llu ( runpnny has run paul/pinaiditd int minimuziizil l't-tlitlltt't'itillltl :imiuy ililv yrzu mad
hence reportltm on tlu: mum; doe}: not it! im.
(xii) in our opinion and according to the inlornmtiim and explanations given to us, the
Company is not a Nidbi (‘ornpany Accordingly, paragraph 3(xii) ol‘ the Order is not
applicable
(xiii) According to the inlormation and explanations given to us; and based on our
examination of the records ot’ the Company, transactions with the related parties are in
compliance with sections 17’/ and 188 of the Act where applicable and details of such
transactions have been disclosed in the financial statements as required by the applicable
accounting standards.
(xiv) According to the information and explanations give to us and based on our examination
of the records of the Con‘ipany, the Company has not made any preferential allotment or
private placeirtcnt of shares or fully or partly convertible debentures during the year.
(xv) According to the information and explanations given to us and based on our examination
of the records of the Company, the Company has not entered into non-cash transactions with
directors or persons connected with hint Accordingly, paragraph 300/) of the Order is not
applicable.
(xvi) The Company is not required to be registered under section 45—iA‘of the Reserve Bank
of India Act 1934.
For RAVI RAJAN & C0.
Chartered Accountants
Firm’s registration number: 009073N
,,
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//'f/,7/ ,/
V. ,,r W/(x (
[M W .,
B .S. Rawal
Partner
Membership number: 034159
‘
New Delhi 2 3—°\\05\'L°\9
%Zt1:t‘*,il‘(tt t H; 0WW;
Report on tho internal tl‘imim'ial ItTontrols mulch riflstnst' (3) mi“ [lutrq-zordimi it «it Iiiwtion
143 Mike tiiompanies Act, 2013 (“the Act”)
We have audited the internal financial controls over financial reporting oi" th/s Al SAL
t’lttALAK INFR S't‘l((lt,?'t‘t.lRE t’RlVA't'E tilthl'i‘ltfiU (“the (.‘onipaiiy") as of3l’“ March
20t8 in conjunction with our audit of the standalone Ind AS financial statements ot‘ the
Company for the year ended on that date.
[Vlanagemcnt’s Responsibility for Internal Financial Controls
The. Company’s management is responsible for establishing and maintaining internal
financial controls based on the internal control over financial reporting criteria established by
the Company considering the essential components of internal control stated in the Guidance
Note on Audit ot'lnternal Financial Controls over Financial Reporting issued by the Institute
of Chartered Accountants of India (“ICAI”). These responsibilities include the design,
implementation and maintenance of adequate internal financial controls that were operating
effectively for ensuring the orderly and efficient conduct ot’its business, including adherence
to company’s policies, the safeguarding of its assets, the prevention and detection of frauds
and errors, the accuracy and completeness of the accounting records, and the timely
preparation ofrcliablc financial intbrmation, as required under the Companies Act, 2013.
Auditors’ Responsibility
Our responsibility is to cxprcss an opinion on the Company's internal financial controls over
financial reporting based on our audit. We conducted our audit in accordance with the
Guidance Note an Audit of Internal Financial Controls over Financial Reporting (the
“Guidance Note”) and the Standards on Auditing, issued by [CA] and deemed to be
prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an
audit of internal financial controls, both applicable to an audit of Internal Financial Controls
and, both issued by the institute of Chartered Accountants of India, Those Standards and the
Guidance Note require that we comply with ethical requirements and plan and perform the
audit to obtain reasonable assurance about whether adequate internal financial controls over
financial reporting was established and maintained and if such controls operated effectively
in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the
internal financial controls system over financial reporting and their operating effectiveness.
Our audit of internal financial controls over financial reporting included obtaining an
understanding of internal financial controls over financial reporting, assessing the risk that a
material weakness exists, and testing and evaluating the design and Operating effectiveness of
internal control based on the assessed risk. The procedures selected depend on the auditor’s
':nni;rlonwaru'ut til the ind-1:, nt ruaieiial rntsstalt'nritnt oi til:judgment inullrdiru: tin: tt‘t.
ind Al; financial staterooms; whether one to hand ttt error,
We believe that the audit evidence we have obtained is sultic an and appropriate to provide a
basis: for our audit opinion on the Company‘s internal linancial controls system over financial
reporting. ‘
Meaning ot‘llutcrnal Financial Controls over Financial Reporting
s designed to/\ company's internal financial control over financial reporting is a prone
provide reasonable assurance regarding the reliability of financial reporting and the
preparation ol‘ linancial statements for external purposes in accordance with generally
accepted accounting principles A company’s internal financial control over Financial
reporting includes those policies and procedures that (l) pertain to the maintenance ol’reeords
that, in reasonable detail, accurately and fairly reflect the transactions and dispositions ot" the
assets of the Company; (2) provide reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements in accordance with generally accepted
accounting principles, and that receipts and expenditures of the company are being made onlyin accordance with authorisations of management and directors of the company; and (3)
provide reasonable assurance regarding prevention or timely detection of unauthorisedz.
acquisition, use, or disposition of the company's assets that could have a material effect on
the Financial statements.
Inherent Limitations of Interim] Financial Controls over Financial Reporting
Because of the inherent limitations of internal financial controls over financial reporting,
including the possibility of collusion or improper management override of controls, material
misstatements due to error or fraud may occur and not be detected. Also, projections of any
evaluation of the internal financial controls over financial reporting to future periods are
subject to the risk that the internal financial control over financial reporting may become
inadequate because of changes in conditions, or that the degree of compliance with the
policies or procedures may deteriorate.
Opinion
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 financial
reporting were operating effectively as at 315‘ March 2018, based on the internal control over
financial reporting criteria established by the Company considering the essential components
ol’intemal control stated in the Guidance Note on Audit of Internal Financial Controls Over
Financial Reporting issued by the Institute of Chartered Accountants of India.
amiafimsix as? I‘s‘ém’itei‘
1hr following, Smlulnry Dues mnounis have um been [mid from 1111: dulv Int-y lwramr‘ payableand were in arrears as; at 31>l March 2018:
“In; of the Siam}; Nature of Dues,
Xfiéumr ( Rs/lakhs) Details
and interest thereon
Income Tax Act, income Tax and 373.35 Tor FY-2014—15
19617rvv
interest thereonH»
.
Income Tax Act, TDS and inlercsi 72149 For FY-QOI 7— I 8
.1961 thereon7
7
,
Hal'yana V.A.T. WCT Liabilily and 18.47 For the period March
i.7*
fl
interest thereon 2017 [0 June 2017
Finance Act 1994 Service Tax Liability 23.62 For the period March
20171911132017
For RAVI RAJAN & CO.
Chartered Accountants
Firm
IJegifitiations number. 009073N
B .S. Rawat
Partnei
Membership number: 0341 59
/,
NewDelhi 2 quosiloie
‘21 t5
'
lalak Infrastructure Private Limited
CIN: U7OIUODL2010PTCZO8167
BALANCE SHEET AS AT 311012013
Particulars Note ““1215;M”
“stigma“N0.
Assns
[1) Non ~cuvrem assets
(a) Property,plantandeauipment 4 66,090 34,336
(b) capital work ~ in -
progress
(6) Goodwill
(d) otherlntangible assets 5 1,990 5,401
(e) Financiaiassets
(i) Investments 6 200,000 200,000
iii) Trade receivables - v
(Iii) Loans
liv) Bank Balances
(v) Olhers
in other non- current assets
(g) Deferred tax asseu (net)'
26 .069 299,737
(2) Currentassets
(a) Inventories 7 5,197,321,135 5,764,540,433
(h) Fineneialassets
(i) investments - -
(ii) Trade receivables - ,
(iii) Cash and cash equivalents 3 13,757,333 3,994,029
(iv) Loans
(v) Bank Balances 9 39,270,101 70,217,157
(vi) Others 10 66,909,736 67,403,796
(c) Currenttaxassets(neti » -
(d) Othercurrentassets 11 2,414,397,355 2,423,122,663
8,731,664,675 9,339,263,070
8,731,684,875 0,339,233,073
Total assets 9,731,952,944 9,339,572,015
Euumr AND ”ABILITIES
EQUITY
(a) Equityshare capital 12 145,150 145,140
(b) Otherequity 1,229,720,313 960,415,102
1,219,865,463 960,560,242
LIAEILITIES
(1) Non - current liabllllies
(a) financial liabilities
(i) Bormwings 13 3,813,516,667 3,772,372,196
(ii) Trade payables
(Iii) Otherfinancizl liabilities . -
(bi Deferred Revenue/Income
(c) valsinns - -
(d) Deferrediaxllabililieslnet) 14 35,596,744 35,625,153
(e) Othernanacurrentllabllities , ,
3,949,123,412 3,812,498,379
(2) Currentliahilitles
Mates forms integml pan omnarre-
Fur Ravi Ralan 6 c6
CliarteredAccoumanls‘
rirrnR No.1, 73»
/
(0.5,Itawat)
Partner
Milena-4159
Place: New Delhi
(3) Financlal liabilities
(l) Borrowings
(ii) Trade pavabIes - 15
(iii) other financial liabilities 16
(h) Othercurrentllablllties 17
(0) current tax liabilities (net) 13
(d) Provisions 19
Total Equity 81 uahllliles
Isjflie’irie'nt\ ._
Rani 51ml
Company Secretary
Dam:
as“ r, s in \8
175,957,406
1,379,246,517
2,000,191,063
16,544,390
1,024,689
3,652,954,069
5,731,951,944
153,166,305
1,425,799,216
1,967,946,647
18,768,453
633,572
3,566,514,194
8,339,571,315
For and an behalf oflh: Board
Anial Phalak lnf'aslrunure Pvivate llmlled
CIN: U701DODL2010PTC108167
STRTEMENT OF PROFIT ANT LOSS FORTHE PERIOD ENDED 3151 MARACH 2018
PanlcularsYea! ended 315! Year ended 31::
March 1015 March 2017
I Revenue (mm upemions 20 50,792,752 95,161,647
II Other Income 21 3,256,792 5,935,266
Ill Tml Income (I 5 ll) 62,049,544 100,996,913
IV Expenses
C05! clamslrucnan 22 34,721,251 91,900,275
Purchases ofsmckr initiade , -
Changes (n lnvenlulies of finished goads, slack ~ in — wade and walk - In -
progress
‘ '
Employee heneffls expenses 25 14,760,209 10,471,494
Finance can; 24 18,923,874 4 1,256,547
Degradation and amortization expenses 25 21,667 33,806
Other expmses 26 6,189 575 25, 16
halal expenses 74,616,554 159,651,959
V Profit / (lass) before mapliunal ilems and tax (I - IV] 42,567,011 50,655,025
VI Excepllonal items -
VII Prom / (loss) he'ore lax (V -Vl) -12,567,011 758,555,016
VIII Tax expens:
(1) Current tax 27 - -
(2) Daiermfl tax 27 451,059 7,255,595
(a) Incom: lax penalning lo earfler years»
«451,059 253 693
IX Profil / (loss) lmm mnxinulng apemians (VII ~VIII) 42,115,952 765,908,713
X Pram / (loss) tram Illsmnunued uperallons (VII erll] - -
XI Tax expense of dlscanlinued nperaflnns . V
Prom / (loss) from dismminued operflions (after lax) IX - XI)XII , ,
XIII Flam / (loss) far Ihe perIod (IX + XII) 42,115,952 -65,9fl3,718
XIV Olher mmprehensive income
A (i) Items lhal will m: be reclassified to prom or loss 29 977,254 1,177
(ii) Income in relaxing in items um will not be veclassfied Io prom or, A
loss
0 (i) Items am will be reclassified lo pmfil or loss
(ii) Incom: lax relaling la ilems that wIll he reclassified to profit or loss
-77,254 -1,277
xv Talal comprehensive income iarflle periud (XIII + XIV)
XVI Eamlngsp27equityshareflorcunlinuing opelallans)
(1) Basic 19 $40.10 (4,541)
(2) Diluled 29 «3242 (4.541)
XVI! Earnlngs perequily sham (Iardismnllnued opefitiurls)
(1) Basic
(2) Dilumd
XVIII Earnings parequllv share (for discominued 8. continuing npelaflnns)
(1) Basic 7 29 (040.10) (4,541.15)
(2) Dlluxed 29 (52.42) (4,541.15)
Notes forms integral van 0! finantlal statement
For Ravl Rajan 0o;
Chanered Accountants
Finn Re 0690 730
( a. s. Rawat)
Partner
M. No. 034159
Place: New Delhi
”“5
micslwls :5,
For and on behalf of tile Boavd
non! Sunl
Cnmpany Secretary
Kallish Chandra Eha
CFO
11.11 1'11 "11 141111.111:
iurirni-rutI-ut \Irdito1 '1. lx’cpori
1111111 11 111111111- 111' 11/1- L\1]_.‘_1/\l, t’lt,\t.1\t( 111111 r1111I,}1:'r'r,1nr;_rrtr 17111111111)
Kt‘ptn‘l on tltt‘ Consolidated lrtd M1 Financial Statements
We have audited the accompanying consolidated lrrd AS linaueral statements 01 M/s .l\i\1"S/\ L
l'llAlAlC INFR; .‘i'l'RUC'l‘URE PRIVATE th-‘ll’l'ED (“the Holding Cort’tpany") and
Mrs. 1\'tannat tnl‘r'maructurc Pvt Ltd and Nils. Niltctan Real Estate Pvt Limited (herein
1rd to as “100% subsidiarios"),\vhiclr comprise the consolidated balance street as at 31"
March 2018. the consolidated statement of profit and loss (including other comprehensive
income). the consolidated statement ol'easlr flows and the consolidated statement uteharrgcs
in equity [or the year then ended and a summary ol' the significant accounting policies and
other explanatory information (hereinafter referred to as “the consolidated 1nd AS financial
statements“).
7
Management’s Responsibility for the Consolidated 1nd AS Financial Statements
[W111 Holding (‘ontpany1 Board ot Directors is '.sponsiblc For the matters stated in Section
1311(5) 01 the Companies Act, 2013 (“the Act") with respect to the preparation and
presentation of these standalone 1nd AS financial statements that give a true and fair view 01‘
the financial position. financial periorrnance and cash flows change in equity ot‘thc company
of the Company in accordance with the accounting pl‘iltCiplCS generally accepted in India.
including the Indian Accounting Standards (1nd AS) speeilied under Section 133 ol‘lhe Act.
read with relevant Rules thereunder,
llrc IcSpectivc Board at Dir'ectors ot the companies includedIn the Group are responsible tot
maintenance ofadcquate accounting recordsIn accoidance with the provisions oi the Act 101'
safeguarding the assets of the Group and for preventing and detecting frauds and other
irrwularilits: the selection and application of appropriate accounting policies; making
Judgments and estimates that are reasonable and prudent; and the design implementation and
maintenance 01 adequate internal financial controls; that were operating elfectivoly lor
ensur ing the accuracy and completeness oi the accounting records, relevant to the preparationand presentation ofthe consolidated Ind AS Itnancial statements that give a true and lair View
and are tree trom material misstatement whether due to fraud or crr',orwhich have been used
1111 the purpose oi preparation oi the consolidated Jud AS trnaneii-Il statements by the
Directors ot‘tlre Holding Company, as aforesaid.
Auditor's Responsibility
Our responsibility is to express an opinion on these consolidated 1nd AS financial statements
hased on our audit, While conducting the audit, we have taken into account the provisions of
the Act, the accounting and auditing standards and matters which are required to be included
in the audit report under the provisions of 1111' Act and the Rules made thereunder.
501A bttr t Ioor, D 4 Rectangle— 1 District Center. Saket. New Dethh 110 01/
Tel; +91 11 295617.32 2956 2609 4054 8860 62 Fax: ExtrI. 102
Emalt:[email protected] ravlrajanco@gmarlcom Web” www.1avirajarr.co.,1n wwwsravigroup.com
W1 r‘tlrttllu'lr‘il mi: audit in am r-rvlu i» -* ‘-,’,'tlil tli: Mirnalurdu rut .1".ntlritu;;'rp- I'rlll'll null: > .r‘" wrvr‘
l/l§(tt)) Hi [In Ant l'lrtir'i' htzurdnulu require that we mnrply will: mtliirul t'UliUlU/lllt ids: mid
plan and per tinnr the audit to obtain Irasonahlc assurani'o about whether the consolirlntrrl ltttl
A}; linarrcial statements arc tree from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and the
disclosures in the consolidated Ind AS financial statements The procedures selected dependon the auditor’s judgment, including the assessment ot’tlre risks ofmaterial n‘risstatemcnt ol'
the consolidated Ind AS financial staterrrents, whether due to Fraud or error: In making those
risk assessments, the auditor considers internal financial control relevant to the Holding
Corrrpany’s preparation oftlre consolidated lnd AS financial statements that give a true and
fair View in order to design audit procedures that are appropriate in the circumstances An
audit also includes evaluating the appropriateness of the accounting policies used and the
reasonableness of the accounting estimates made by the Holding Company’s Board 01‘
Directors, as well as evaluating the overall presentation ofthc consolidated [1rd AS financial
statements,
We believe that the audit evidence obtained by us is sufficient and appropriate to provide a
basis for our audit opinion on the consolidated 1nd AS financial statements.
Opinion
in our opinion and to the best of our information and according to the explanations given to
us, the aforesaid consolidated Ind AS financial statements give the information required bythe Act in the manner so required and give a true and fair View in conformity with the
accounting principles generally accepted in India including the lnd AS, of the consolidated
financial position of the Group, as at 313‘ March 2018 and its consolidated financial
performance including other comprehensive income, its consolidated cash flows and the
consolidated changes in equity 1"or the year then ended.
Report on Other Legal and Regulatory Requirements
1. As required by Section 143(3) of the Act, we report, that:
(a) We have sought and obtained all the information and explanations which to the best of
our knowledge and belief were necessary for the purposes of our audit of the aforesaid
consolidated Ind AS financial statements.
(b) In our opinion, proper books of account as required by law relating to preparation of the
aforesaid consolidated Ind AS financial statements have been kept so far as it appears from
our examination of those books.
(c) The consolidated balance street, the consolidated statement of profit and loss, the
consolidated statement of cash flows and consolidated statement of changes in equity dealt
with by this Report are in agreement with the relevant books of account maintained for the
purpose ofpreparation of the consolidated Ind AS financial statements.
(it) In UH! opinion, iln 'tll‘lt n'l t'lltII-llllllr ii lint
Accounting: fitniiilrnzli; ‘eptzixalnvt llll\ll) firm i! I it
iliorcundcr
(0) On tho bash; ol‘ the: written rcprcscntntmu; l't‘.t1i‘l\’€tl from the directors of the HoldingCompany as on 31" March 20”; taken on record by the Board of Directors of the HoldingCompany and the reports oftltc statutory auditors ot’its subsidiary companies incorporated in
India, none ol‘ the. Directors of the Group (unipanim incorporntcd in India is disqualified as
on 3 lSl March 2018 from being appointed a: a Dircrtor ol'thzit company in towns of Section
164(2) oftho Act.
(3') With respect to the adequacy oftlic into: tliil financial controls ovcr linunciztl rcporting ol‘
the Group and the operating elliiotivoncss >f such controlst refer to our scparatc report in
“Annexurc A”; and
(1;) With respect to the other matters to bc included in the Auditor’s chort in accordance,
with Rule | I of the Companies (Audit and )uditom) Rules, 2014, in our opinion and to the
best ofour information and according to the uxplanalions given to us:
i. The Company has tho following pour ling, litigation as at 3 lst March 2018
Case No. Case Title Case Remarks-
CC No. 904/2016 RAMAN Complaint: Project: Sovereign Floors at Alba,
BiNDLiSH & Escuncia, Sector—67, Gurgaon [Floor No. E-
ANR. VS ANVAL 2208 Gt: admeasuring 2491 Sq. FL] Re—
PHALAK allotted unit No. B»558 GF Relief sought: A)
Complete Construction and handover
possession of unit B»558~GF within 3 months
B) Lornpensate @ Rs.]0/— per sq.ft. per month
of super area w.e.f. 29.08.2014 till actual
handover of possession C) Award loss of rent
@ Rs.32,000/— per month w.e.f. 29.02.2014
till actual delivery D) Compensation
amounting Rs.50,00,000/— with 24% interest
E) Litigation cost F) Future Interest @ 18% pa
A/1245/2016 Sachin Kapnor Unit No. E—2190, First Floor, Esencia, ng‘ This
vs Century 21 complaint is basically agianst Brocker CenturyIPS Itegrited & 21 “’5 Relief Sought: 1)Brocl<erage Discount of
Dis. 2% amounting to Rs. 1,28,000/~ with interest
of 24%PA, 2) Rs. 2,00,000/- for mental agony,
3)Rs. 55,000/- for Litigation Cost, 4) Rs.
1,00,000/— as compensation for unfair trade
practice.
CWP No. 18384 Ramjiwan 8t CWP against acquisition of land for Sector 58
of 2016 Others Vs State to (33 8t 65 to 67in challangtng Notice dated
of VHaryana & 02—06—2009 0/5 4 dated 31-05-2010 U/s 6 of1 Others}; the land Acquisition Act in village Badshahpur,
t;, l/
'-
Tehsil & District Gurgaon alleging that leetan
l“
Real Estates Pvt. Ltd. purchased 1 Kanal 17.5
[violin iignti than, mi -
inn'iw 2/9 ‘ii-‘llhiziri H/H
Hutluhninnn
(Ziili/i Iii/20H} iviahoutiel Liintinni Revision organist Onlm tinted 20W
Singli Vs State 2016passed hy iudirial Magistrate i‘irst (films,
of i'luryuua & Gurgaon dismissing; the complaint at U/s
Others 156(3) Cr. Pt; im registration at HR Re. 2
Kanal 8 Marla Land in [sencia alleged to have
been sold to Ansnl l’halak against allotment of
2. plots of 251;].6 f-q. Yards each in lisonrja
project.
(JP No. 962 of Puoeet Dutta Settlement deed exncuted by the Piointiffand
2016 V/S Ansul Respondent before Delhi Dispute Resolution
Phalak Society after the dispute arose between the
infrastructure parties due to non completion of project.
Respondent failed to comply the settlement
deed therefore Plaintiff filed petition for
winding up of the company
Shefali Permanent Lok Adela’t: Delay in Comp
Shrivastava Vs and possession of flat
Ansal Phalak
Infrastructure .
Suresh i<umar Delay in Completion and possession of flat.
vs Ansal Phalak No.~ E—2209 Ground Floor.
infrastructure
ii. Provision has been made in the consolidated Ind AS financial statements, as required under
the applicable law or accounting standards, for material foreseeable losses, if any, on longterm contracts including derivatives contracts.
iii. The Company is not required to transfer any amount to the investor Education and
Protection Fund.
For RAVI RAJAN & C0
Chartered Accountants
Firmés regis ration numb ': 009073N
B _S. Rawat
Partner
Membership number: 034159
New Delhi 1 DA\05\’4\ 8
'lln: I'mnrxnri- national to in ltltlt'lX'lltltml Auditors tx’rnpoxt to tho mi‘mbcn; oi the t 'olnpany
on the standalone Ind AS linaneial statements lor tln: yoar ended 31“ March 'z’tilti, we report
that:
(i) (a) The (‘oinpany has maintained proper records showing tiill particulars, including
quantitative details and situation of lixod assets
(b) The Company has a regular programme 01" physical verification of its tixed assets bywhich fixed assets are verified in a phased manner over a period of three years. in
accordance with this programme, certain fixed assets were verified during the year and no
material discrepancies were noticed on such verification. ll] our opinion, this periodicity of
physical veril tion is reasonable having regard to the size ot‘tho Company and the nature
of its assets‘
(c) According to the intbrmation and explanations given to us and on the basis of our
examination 01‘ the records of the Company, the company does not have any immovable
property and hence reporting on the same does not arise.
(ii) The inventory consists of Construction material, Work in Progress. The Management has
conducted physical verification of inventofies during the year. In our opinion, the frequencyof such verification is reasonable and no material discrepancies were observed.
(iii) The Company has granted loans to bodies corporate covered in the register maintained
under section 189 of the Companies Act, 2013 (“the Act”),
(a) In our opinion, the rate of interest and other terms and conditions on which the
loans had been granted to the bodies corporate listed in the register maintained under
Section 189 of the Act were not, prima facie, prejudicial to the interest of the
Company
(b) In the case of the loans granted to the bodies corporate listed in the register
maintained under section 189 of the Act, the borrowers have been regular in the
payment of the principal and interest as stipulated.
(c) There are no overdue amounts in respect of the loan granted to a body corporate
listed in the register maintained under section 189 of the Act.
(iv) In our opinion and according to the information and explanations given to us, the
Company has complied with the provisions of section 185 and 186 of the Act, with respect to
the loans and investments made.
(v) The Company has not accepted any deposits from the public.
“worth: .;I ttu. Huntin"; tlv‘ l'tiiltiimw‘ I’, um l‘tlttllt'li to Hritlfiiilltl (WW
tiiwmumttui mltlr'i ml: “titllv-tit (I) m’ :21: tum MK ot'ttu- t ‘mnpuuiv'. xii-.5
(vii) (a) According to 1111' inloinultiou and explanations given to us; and the records; ot in.
Company examined by us, in our opinion, the Company is generally regular in depositingundisputed statutory dues including provident fund, employees state insurance, incoinotmi,
sales tax, wealth tax, service line duty ol‘custorn, duty of excise, value added tax, Hess and
other statutory dues whichever is applicable.
As explained to us, the Company did not have any dues on account of employees’ state.
insurance and duty of excise. According to the information and explanations given to us, the
Following undisputed amounts for a period of more than six months from the date they
becmne payable were in arrears as at 31’“ March 2.0 l 8
Name of the Statute Nature of Dues Amount ( Rs/lglghs) 7
Details7 7
111001110 Tax Act, Income Tax and 373.35 1“or1"Y 2014-»15
1 96] interest thereon7
income Tax Act, TDS and interest 23.94 For FY5101 7—1 8
196] thereon (outstanding for more
than 6 months)Haryana V.A.'I‘. WCT Liability and 18.47 For the period March
7
interest thereon 2.017 to June 20t 7H
Finance Act 1994 Service Tax Liability 23.62 For the period March
fl andjnt‘erest thereon 2017 to June 2017
(b) According to the information and explanations given to us, there are no material dues oi"
duty of customs which have not been deposited with the appropriate authorities on account ot‘
any dispute. However, according to information and explanations given to us, the followingdues of income tax, sales tax, duty of excise, service tax and value added tax have not been
deposited by the Company on account of disputes
(viii) According to the information and explanations given to us and as per books and records
examined by us, the company has not defaulted in repayment of dues to a financial institution
or bank or debenture holders.
(ix) The Company did not raise any money by way of initial public offer or further publicoffer (including debt instruments) and term loans during the year. Accordingly, paragraph 3
(ix) of the Order is not applicable.
(x) According to the information and explanations given to us, no material fraud by the
Company or on the Company by its officers or employees has been noticed or reported
during the course ofour audit.
(xi) The Company has not paid/provided for managerial remuneration during the year and
hence reporting on the same does not arise.i V
") llt HIH iplnnm llltll m'v‘mtlingv lt' tln nilmnmllml :msl (“'Itltlltltlltllll WWW ‘0 tin tlil'
i‘ornpnny i that :1 'Nidhl t'mnpznxy /\-"H)t(llil}',l)’ pnr nupli tail) nl lhv (lllliil i‘: not
applieahlu.
(xiii) Aceoi ling to tho intormation and explanations given to us and based on our
examination ol’ the records ot‘ the Company, transactions with the related parties are in
con‘tplianue with sections I77 and tilt? of the Act where applicable and details of such
transactions have been disclosed in the financial statements as required by the applicable
accounting standards.
(xiv) According to the iniorn'lation and explanations give to us and based on our examination
of the records of the Company, the Company has not made any preferential allotment or
private placement of shares or fully or partly convertible debentures during the year.
(xv) According to the information and explanations given to us and based on our examination
of the records of the Company, the Company has not entered into non—cash transactions with
directors or persons connected with hint Accordingly, paragraph 3(xv) of the Order is not
applicable.
(xvi) The Company is not required to be registered under section 45—IA of the Reserve Bank
oflndia Act l934.
For RAVI R AJAN & C0.
Chartered Accountants
Finn’s registration number: 009073N
(/ 7
,.
W
_ c1: /’75;
B .S. Rawat
Partner
Membership number: 034159
New Delhi 1 L‘\ ‘05\1O\€
ll
31's‘fl)(ti‘t1 of. :‘én‘ lini‘muwt Financial « ,‘mitt‘ois timim' ‘iiaaisw (i) :ii Holman-tins! 1 cl' l-éet'tion
MB ot' the tfotnpanict.‘ Arte ZOE} (“the Act”)
We have audited the internal financial controls over financial reporting of M/s ANSAL
PHALAJK llNFRASI‘KIJC'I'URE PRIVATE LIMITED’ (“the Company”) as ot‘3l5' March
7.018 in conjunction with our audit of the standalone Ind AS financial statements ot" the
("ompany for the year ended on that date.
Management’s Itcspimsibiliiy for Internal Financial Controls
The (.‘ompany’s management is responsible for establishing and maintaining internal
financial controls based on the internal control over financial reporting criteria established by
the Company considering the essei'ltial components of internal control stated in the Guidance
Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute
of Chartered Accountants of India (“Ki/U”). These responsibilities include the design,
implementation and maintenance of adequate internal financial controls that were operating
effectively for ensuring the orderly and efficient conduct of its business, including adherence
to company’s policies, the safeguarding of its assets, the prevention and detection of frauds
and errors, the accuracy and completeness of the accounting records, and the timely
preparation of reliable financial information, as required under the Companies Act, 2013.
Auditors’ Responsibility
Our responsibility is to express an opinion on the Company's internal financial controls over
financial reporting based on our audit. We conducted our audit in accordance with the
Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the
“Guidance Note”) and the Standards on Auditing, issued by ICAI and deemed to be
prescribed under section 14300) of the Companies Act, 2013, to the extent applicable to an
audit of internal financial controls, both applicable to an audit of Internal Financial Controls
and, both issued by the Institute of Chartered Accountants of India Those Standards and the
Guidance Note require that we comply with ethical requirements and plan and perform the
audit to obtain reasonable assurance about whether adequate internal financial controls over
financial reporting was established and maintained and if such controls operated effectively
in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the
internal financial controls system over financial reporting and their operating effectiveness.
Our audit of internal financial controls over financial reporting included obtaining an
understamling of internal financial controls over financial reporting, assessing the risk that a
material weakness exists, and testing and evaluating the design and operating effectiveness of
internal control based on the assessed risk. The procedures selected depend on the auditor’s
we
||ltl‘l‘ltei"rtl (mid-tim- tllr :I :ir'T-jliltttii lll llli" tlulf‘ Ni mammal ruffl‘urdl m: n. "t ill" ”rnxsiaimn
lsnl , imam ml Alan insult ~A whether dun in hand or cum.
We believe that the audit evidence we have obtained is sutlicicnt and appropi iale to provide a
basis livr our audit opinion on the Company‘s internal financial controls system (Nor linancial
reporting.
Meanin ,of internal li'inancial Controls over Financial Rc )oriin !
ti ,1
A company's internal financial control over linancial reporting is a process designed to
provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally
accepted accounting principles. A company‘s internal financial control over financial
reporting includes those policies and procedures that ( l) pertain to the maintenance ol" records
that, in reasonable dctail, accurately and fairly reflect the transactions and dispositions of the
assets of the company; (2) provide reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements in accordance with generally accepted
accounting principles, and that receipts and expenditures of the company are being made only
in accordance with authorisations of management and directors of the company; and (3)
provide reasonable assurance regarding prevention or timely detection of unauthorised
acquisition, use, or disposition of the company‘s assets that could have a material effect on
the financial statements.
Inherent Limitations of Internal Financial Controls over Financial Reporting
Because of the inherent limitations of internal financial controls over financial reporting,
including the possibility of collusion or improper management override of controls, material
misstatements due to error or fraud may occur and not be detected. Also, projections of any
evaluation of the internal financial controls over financial reporting to future periods are
subject to the risk that the internal financial control over financial reporting may become
inadequate because of changes in conditions, or that the degree of compliance with the
policies or procedures may deteriorate.
Opinion
In our opinion, the Company has, in all material respects, an adequate internal financial
controls system over financial repmting and such internal financial controls over financial
reporting were operating effectively as at 31SI March 2018, based on the internal control over
financial reporting criteria established by the Company considering the essential components
of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over
Financial Reporting issued by the Institute ofChartered Accountants of India.
\\
:i‘lmi‘
r4? i’w’im‘éw
'l‘hc following Shiiuioi y 1,)uus2uxmnuls have not {2051! paid from [110 (Into lhcy immune wiyhhh“
and were in arrears as '(H H“ March 20m:
Name of the Statute N aturc zrfl'ines Ziniount ( Rsliakhs) DétailsFor FY 2014,; :5"Income Tax Act, Income 'i‘nx and 37335
719617-
interest thereon
Income Tax Act, 'l'DS and interest 72.40 For FY20 | 7 » l 8
1961 thereoni
,i7
Haryaua V.A.T. WCT liability and 18.4"] For the period March
, W W iligcrgszi (hereon 2017 to June 2([7Finance Act 1994 Service Tax Liability 23.62
"and interesl thereon
For the period March
2017 to Junc20l7m 7
For RAVI RAJAN & CO.
Chartered Accountants
Firm’ s
If)?ation number 0090/3N
/p’4// 4/»M
B S. Rawat
Partner
Membership number: 034 l 59
New Delhi 3. Qq‘ofholg
Ansal Phalak llllrastructure Private Limited
ClN: U70100DL2010PTC208167
CONSOLIDATED BALANCE SHEEl AS AT 315T MARCH 18
Panic, .- us NateAs a! 31“ MW"
As at 315: March 20172015
Na,
ASSETS
(1) Non-(unentassels
(a) Property, planlaml equipment 4 66,090 94,335
(b) Capitalworkrinwrcgvess »
(c) Goodwill -
(d) Utherintanglble assets 5 1,990 5,401
(e) Finanualassels ,
(i) lnveslmenls ,
-
(ill Trade receivables -»
(all) Loans -
(iv) 9ank Balances -
(v) Others -—
(f) Othernunrcurrentasseu »-
(g) Delenedtax asselslnen A,
59,069 99,737
(2) turremassels
(a) Invenlarles 5 7,200,111,375 6,767,330,573
(11) Financial assets ~
(i) Investments --
13,949,327 9,010,869(iv) Loans -
(v) EankBalances 9 39,270,201 70,217,157
(vi) omers 9 65,909,795 57,408,796
(0) Current lax assets (net) --
(d) Olhercurrentassets 10 1,429,157,194 1,441,992,502
8,749,296,993 3,355,959,997
Total assels 9,749,364,962 8,355,945,734
mum AND LIABILITIES
EuulTv‘
(a) Equilyshalecapital 11 145,140 145,140
(b) Otherequiw 1,229,725,595 950,537,441
1,229,971,925 960,692,591llABILITIES
(1) Nun-mrrentliahllides
(a) Financial liabilities
(a) Borrowings 12 3,913,526,667 3,772,872,186
(cl Provisions --
(d) Delerredtaxlizhilifies(net) 13 35,595,744 39,525,193
(a) othernun—currentliabilitiss --
3,849,123,412 3,312,498,379
(z) Currenlllahllltles
(a) Financial liabilitizs
(i) Borrowings --
(ii) Trade payable; 14 175,957,406 153,166,305
(ill) Othar financial liabilltles 15 1,379,453,885 1,425,873,505(I1) Other currentliab as 16 2,096,339,356 1,934,126,936(C) Current bxliabilitieslnel) 17 15,544,390 15,765,453
(d) Provisions 18 1,024,589 333,572
3,559,369,725 3,532,763,775
Total Equity & uabllmes 9,749,364,962 9,355,949,735
Notes 1mm: lmeglal aan of linanclal statement
Fol Ravi Rajan & CD.1
Chartered Accountan‘s"-
Firm Reg, N0.0090
Sum Lakhl a
Director
NM: 01126973
RonlSonl Kallash Chandra shalt
Company Secrelary cm
(a. s. Rawat]
Partner
M1No.034159
Place: New Delhi
Date: 1‘\\°S \LoH?
Ansal Fhalak Inflasuucture Pllvate lelled
CIN: U70100DL2010PTC208167
CONSOLIDATED STATEMENT OF PROFIT ANT Loss FOR THE YEAR ENDED 31sr MARCH 2018
Vear ended 31st Vear ended 31st MarchPartlmlars
March 1013 2017
I Revenue lrom operations 19 50,792,752 95,151,547
II Other income 10 3,155,752 5,135,255
III Total inmme (i + II) 52,049,544 100,995,913
IV Expenses
Cost ot Construction 21 34,721,231 01,950,175
Purchases of stock - in - trade - 5
changes in inventories of finished goods, stock - in - trade and work v in -
V _
progress
Employee benefits expenses 22 14,750,109 10,471,494
Finance costs 23 10,925,250 41,257,350
Depreciation and amonilaflun expenses 24 21,557 33,005
other expenses 25 5,304,173 25,032,123
Total expenses 74,731,530 159 775,043
V Profit] (loss) befora exceptional items and tax [I — IV) 42,532,557 -55,77s,135
VI Exceptional Items a »
VII Profit/(loss) beiore tax (v »VI) 712,682,987 50,770,135
VIII Tax expense
(1) Current tax 25 a ~
(2) Deferred tax 25 451,053 7,253,593
(3) .
.451 59 7 53,593
lx Profit / (loss) from wnllnuing operations (VII - VIII) 42,231,915 55,031,025
x Profit /(Ioss) from discontinued operations (VII - VIII) - -
XI Tax expense ofdlscanlinued operations , 4
Front moss) Irom discontinued operations (alter tax) (x - xi)
XII - -
xlil Profit/(loss) Iorthe period (Ix + xii) 42,231,925 55,031,015
xIV Othereomprehensive income
A [i] Items that will not he reclassified to profit or loss 17 -77,254 1,277
(ii) Income tax relating to items that will not he reelassiied to profit or - -
[055
B 0) Items that will be reclassified to profit or loss
(ii) Income tax relating to items that will he mclasslfied to profit or loss
77 254 1,277
xv Total (omprehensiv: income Iorthe period (xIII + xiv) (12 309,152) (55,030,551)
XVI Earnings per equity share [for continuing operations)
(1) Basic 23 7043.09 (4,549)
(2) Diluted 23 433.21 (145)
XVIII Earnings pereouity snare (fordiscontinued s1 continuing operations)
(1) Basic 23 (345.09) (4,549.44)
(2) Diluted 20 (03.11) (44535)
Notes (arms Integral pan omnansial statement
For Ravl Ralan It. Cu khl
chartered Accountants / Irectpr
Firm Re o. DIN: 01115973
I H kRoni Soni Kallash Chandrai £311
1. ir Company Secretary 050
(5.5.Rawat) f r,,
Partner_
M. No. 034153 a,
Place: New Dzlhi
Data:
125‘ \0 5' \1.o\ Q
AkM‘xUm JI:
ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITEDRegd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001
Corporate Identity Number (CTN): U701000L2010PTC208167, Tel. no.011-23353550, email:[email protected]
Date: 29th May, 2018
The Bombay Stock Exchange Limited
25‘h Floor, P. J. Towers,Daial Street, Fort,Mumbai — 400 001
Dear Sir/ Madam,
Reg.: Declaration pursuant to Regulation 52(3)(a) of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015.
I, Roni Soni, Company Secretary of the Company, do hereby, declare & confirm that the
Statutory Auditors of the Company M/s.-Ravi Rajan & Co., Chartered Accountants
(FRN1009073N), have issued Audit Report with unmodified opinion on the Audited
Financial Results (Standalone and Consolidated) of the Company for the year ended on
the 315t March, 2018.
This declaration is given in compliance to Regulation 52(3)(a) of the SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015, as amended.
This is for your information and records please.
Thanking you,
For Ansal Phalak Infrastructure Pvt. Ltd.
,
x,Roni Soni L:th: '
l'“) E“Company SecLetory ,, ,3:M No. 36842 '\z.-»,.\ \
Aw»; um {EC
ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED
Reg. Office: 115, AnsaIBhawan 16, Kasturba Gandhi Marg New Delhi Central Delhi DL 110001 IN
Tel; Oil-66038208, 66038344, Fax: 011—23322009, Corporate Identity Number: U70100DL2010PTC208167~
Date: 29th May, 2018
Vistra ITCL (India) Limited
IL & FS Financial Centre, Plot No. — C 22,G Block, Bandara Kurla Complex,Bandra (East), Mumbai — 400051
Dear Sir,Sub: Half Yearly Communication to Stock Exchange
In compliance of the requirements of Regulation 52, Sub— Regulation(4) of theSecurities and
Exchange Board of India (Listed Obligation and Disclosure Requirements) Regulation, 2015 for
Non— Convertible Debt Securities in respect of Secured Redeemable Non-Convertible
Debentures aggregating to Rs. 100/-Crores, we are giving below the following information as
on September 31“, 2018:
a)
b)
C)
d)
f)
g)
h)
i)
j)
k)
Credit Rating of the Debentures : BWR B- (OutlookStable)
Asset Cover available : 1.33 times
Debt-Equity Ratio : 3.10 Times
Previous due date for the payment of interest/ principal and whether the same has
been paid or not :
0 Previous due date for the payment of Interest:- NIL
0 Previous due date for the repayment of Principle:— NIL
0 Whether the Interest has been paid:- N.A
Next due date for the payment of interest/ principal:
0 Interest:
0 Principle:The date on which the NCD —B debenture shall be fully redeemed is
referred to as the Maturity date, which shall be not later than 120 months from
the date of allotment (27/07/2013), unless mutually extended by NCD-B
debenture holders and the Company, more specifically mentioned in Debenture
Subscription Agreement dated 25‘h July 2013.
Debt Service Coverage Ratio : (0.33)Interest Service Coverage Ratio : (0.33)Debenture Redemption Reserve : Rs. 150.21 Lakhs
Net Worth : Rs. 12297.27 Lakhs
Net Profit After Tax : Rs. (123.09) Lakhs
Earninffi Per Share : Rs. (848.09)
You are requested to kindly take the same on record.
Thanking You
Yours Faithfully
For Ansal Phalak Infrastructure Private Limited
9“?.
Authorisfiafiatory‘ ‘
i
/l\ ,
.
\ ‘/,r.I
.
ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED
Reg. Office: 115, Ansal Bhawan 16, Kasturba Gandhi Marg New Delhi Central Delhi DL 110001 IN
Tel: 011456038208, 66038344, Fax: 01172332009, Corporate Identity Number: U70100DL2010PTC208167‘
Date: 29m May, 2018
Vistra ITCL (India) Limited
IL & FS Financial Centre, Plot No. — C 22,G Block, Bandara Kurla Complex,Bandra (East), Mumbai — 400051
Dear Sir,
Sub: Half Yearly Communication to Stock Exchange
In compliance of the requirements of Regulation 52, Sub— Regulation (4) and (5) of Securities
and Exchange Board of India (Listed Obligation and Disclosure Requirements) Regulation,2015 for Non- Convertible Debt Securities in respect of Secured Redeemable Non—Convertible
Debentures aggregating to Rs. 65Crores, we are giving below the following information as on
March 315‘, 2018:
a) Credit Rating of the Debentures : BWR B- (OutlookStable)
b) Asset Cover available :1.33 times
c) Debt-Equity Ratio : 3.10 Times
d) Previous due date for the payment of interest/ principal and whether the same has
been paid or not :
0 Previous due date for the payment of Interest:- NIL
0 Previous due date for the repayment of Principle:— NIL
0 Whether the Interest has been paid :- N.A
e) Next due date for the payment of interest/ principal:0 Interest: Subject to availability of cash
0 Principle:Maturity date of NCD-A Debentures is 7 years from the date of allotment
i.e. 25.09.2019 or shall means the date on which the Debenture are completelyredeemed in accordance with the paragraph (Terms of the redemption of debenture
subscription agreement dated September 19, 2012).
t) Debt Service Coverage Ratio :(O.33)
g) Interest Service Coverage Ratio : (0.33)
h) Debenture Redemption Reserve :Rs.150.21 Lakhs
i) Net Worth :Rs.12297.27 Lakhs
j) Net Profit After Tax :Rs. (123.09) Lakhs
k) Earnings Per Share :Rs. (848.09)
You are requested to kindly take the same on record.
Thanking You
Yours Faithfully
For
AngalaklnfrastructurePvt. Ltd.
Q‘n-M'Ml ‘
Authorised‘ysfijnatdry )\ -, ,.
1:.l
AKMVUJML -— \V
ware/A. newMay 29, 2013
To,Ms. Roni Soni,
Company Secretary,Ansal Phalak Infrastructure Private Limited,
115, Ansal Bhawan l6, Kasturba Gandhi Marg,
New Delhi — 110001
Dear Madam,
Sub: Certificate of Debenture Trustee under Regulation 52(5) of SEBI (LODR) Regulations, 2015 for
March 31, 2018.
In compliance of the requirements of Chapter V, Regulation 52, Sub — Regulation (4) and (5) of SEBI
(Listing Obligation and Disclosure Requirements) Regulations, 2015 for Non — Convertible Debt Securities
we would like to state as under:
We, Vista-a lTCL (India) Limited (formerly known as IL&FS Tmst Company Limited), are acting as a
Debenture Trustee for the Rated, Secured, Listed, Redeemable and Non-Convertible Debenture ('NCDs)
issue aggregating to Rs. 165 crores (Rs.100crs + 113.65ch) of Ansal Phalak Infrastructure Private Limited.
(‘Company‘)
With reference to above, we have received the following documents and have noted its contents without
verification:
1. Half Yearly Communication to Stock Exchange dated May 29, 2018.
2. Audited Financial Results (Consolidated and Standalone) for the year ended March 31, 2018.
3. CA Certificate certifying various ratios dated May 28, 2018
This certificate has been signed and issued byus based on documents (mentioned above) submitted by you.
Thanking You.
Yours sincerely,
For Vistra lTCL (India) Limited
(Formerly known as IL&FS Trust Company Limited)\
/
JatinQMCompliance Officer
Place: Mumbai