secretary - ansal api › pdf › regulation-52.pdf · ansal phalak infrastructure private limited...

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ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. 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 Secretary M No. 36842 K '\.

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Page 1: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

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 '\.“

Page 2: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

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

Page 3: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

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/

Page 4: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

{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,

Page 5: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

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?

Page 6: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

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

Page 7: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

{‘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.

Page 8: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

(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

,,

V

//'f/,7/ ,/

V. ,,r W/(x (

[M W .,

B .S. Rawal

Partner

Membership number: 034159

New Delhi 2 3—°\\05\'L°\9

Page 9: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

%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

Page 10: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

':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.

Page 11: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

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

Page 12: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

‘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

Page 13: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

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

Page 14: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

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

Page 15: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

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.

Page 16: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

(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

Page 17: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

[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

Page 18: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

'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.

Page 19: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

“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

Page 20: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

") 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

Page 21: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

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

Page 22: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

||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.

\\

Page 23: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

: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

Page 24: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

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?

Page 25: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

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

Page 26: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

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.-»,.\ \

Page 27: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

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

.

Page 28: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

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

Page 29: Secretary - Ansal API › pdf › Regulation-52.pdf · ANSAL PHALAK INFRASTRUCTURE PRIVATE LIMITED Regd. Off. 115, Ansal Bhawan, 16 Kasturba Gandhi Marg New Delhi 110001 Corporate

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