AURO SUNDARAM PLY & DOOR (P) LTD.Raipur fndushial Area Gagalheri Road, Bhagwanpur -247661, ROORKEE (Haridwar)Phone: 01 332 -232072, Telefax: (0 1 332) 232049, Mob: 97 1 9239322, 97 19246501

E-mail : auro_sundram@rediffmail.com 5A I ff I X

Re/l No. Date . . . . . . . . . . . . . . . . . . . . . .

DtRECT9R'S REPORT

The Members,Auro Sundram Ply & Door private LimitedPlot No.2U,355,Raipur Industrial Estate, Gagalheri Road,Bhagwanpur, Roorkee- Uttarakhand

Dear Members,

Your Directors have pleasure in presenting the Annual Report on the business and operations of yourcompany together with the Audited statements of accounts for the year ended 31't March 2013,

4

t

b

7

8

FINANCIAT RESUIT:

PARTICUTARS

PROFTT/(LOsS) BEFORE FTNANCECHARGE' DEPRECIATION

DEPRECIATION

FINANCE CHARGES

PROFTT/(LOSS) BEFORE TAXES

PROVISION FOR TAXATION

INCOME TAX PAID/DIVIDEND TAX

DEFEERED TAX

PROFTT/(ross) AFrER TAXES

CURRENT YEAR20L2-L3

(Rs. In lacks)

293.44

95.18

t43.27

53.99

t0.29

8,47

32.51

2.72

PREVIOUS YEAR20tt-t2

(Rs, In lacks)

313.68

93.25

L27,87

92.s5

9.95

-10.45

1.49

91.57

PARTICUTARS OF EMPTOYERS:

During the year SHRI ANIL KUMAR CHOUDHARY, SHRI ASHOK KUMAR CHOUDHARY &SHRIMATI SUNITA DEVI CHOUDHARY Directors are in receipts of remuneration fallingUnder section 2L7 (2A) of the companies (Particulars of Employees) Rules, 1975amounting to Rs.26.30 lacks. Including this, total exp. Made on account of salary &employee welfare is Rs.425.50 lacks only.

PARTICUTARS REGARDING CONSERVATION OF ENERGY:

Information in accordance with the provision of section 217 (1) (e) of the CompaniesAct, 1956 red with companies (Disclosure of particulars in the report of Board ofDirectors) Rules 1988 Regarding conseNation of energy, technology absorption andforeign exchange earninBs and outgo is given in the statement at Annexure-l whichforms part of this report.

DEPOSITES:

The Company has not accepted any deposits from Public during the year dealt with bythis report.

AUDITORS:

The term of present Auditors of company M/s Piyush Kuchhal & Associates, CharteredAccountants expires at the conclusion of the ensuing Annual General Meeting and theyare eligible for re-appointment. The members are requested to appoint them asauditors for the current year and fix their remuneration.

DTRECTORS RESPONSIBILffY STATEM EttlT:

Pursuant to the requirement under Section 217 (2M) of the Company Act, 1956 withrespect to Directors' Responsibility Statement, the Directors confirm:i. That in the preparation of the Annual Accounts, the applicable Accounting

Standards have been followed and that no material departures have been madefor the same.

ii. That they have selected such accounting policies and applied them consistentlyand made judgments and estimates that are the reasonable and prudent so asto give a true and fair view of the stat€ of affairs of the company at the end ofthe financial year and of the profit or loss of the company for that period;

iii. That they have taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of thecompanies Act, 1956 for safeguarding the assets of company and for preventingand detecting fraud and other irregularities;

iv. That they have prepared the annual accounts on a going concern basis.

COMPTIANCE REPORT FROM COMPANY SECRETARY:

Board of Directors appointed SHRI S.K.GARG Jl, Company Secretaries to furnishcompliance certificate U/s 383A ofthe Company Act, the same is attached.

DIRECTORS:

THERE IS NO CHANGE IN THE BOARD OF DIRECTORS DURINGTHE PERIOD.

ACKNOWLEDGEMENT:

Your directors would like to place on record their grateful appreciation of the Co-Operation received from the Union Bank of India, from the empldyees and workers ofthe company. The board is reposing their confidence and strong suppon.

BY ORDER OF TII€ BOARD OF DIRECTORS-sd-

(CHAIRMAN)

; . - l l ,

PTACE : ROORKEEDATED : 24.09.2013

PIYUSH I(UCHHAI & ASSOCIATESCHARTERED ACCOUNTANTS

Auiitors' R.epon (20 I2-I3)

To The Itlernbers ofAuro Sundrarn Ply & Door Prlvate Limlted,

l. lVe have auditeC the attacheC Balance Sheet of AURO SUNDRAI"{ PLY & DOORFiiIVATE i.iiri iTill l ("Tl!e Compao)'), R.O. at Plot No. 217, 35rr, 357, 360, 351,Raipur lilCustriel Estatc, Cagalheri Road, Bhagwaipur, Roorkee iU.A.) as at 3l.trviar:h 2013 and al.so the rtaternent of Profrt & Loss and Cash Florv Statement fcrthe year ended c/lr t.l.iz.t date annexed there to. These finaiLcial statements a1e i-hercoponc:b:lig' cf the c:mpany's ma-tragement. Our rcsponsibiliiy. is to expies,i anopinion o.r ti,csr finauici'ri sfti:rrents basea on our auii:-

2. We corlci'"tct .our audit- r'r accordance qath the anditing stanCarCs gc::e:erilyaccepted i,' intlia. Those star-rdards require that we 1ilan aurd peiform the aud.ii toobtain reasonable assurance about vJhether the financial statements are fiee ofmaterial. nrisstar.ements. An audit includes examinirrg on a test

'oasis, evidenc:

supilorting thc amcuits and disclosures in fina'.rcia-l siatements. Ati arir]if alscrrnclude: asses:ing the accounting principles useC a::C sigr'.ifrcant es:ir:rateerrrade lrj' the.mairagement trs weli as'evaluating th+ .,rverali significant cstir.anesiiatle by the management, as well as bvaluating the overail finar'cial siatel.rielrtirresentaticn. lVe beliele that our audit,provrdes a reascnal:le basie ibi,cuicprnlon.

3.,is:cquired b'; +l:e Companies-(AuClicrs }lcport) crder, !003 {as amencieC) issuedL1'the centlai g(,\remrncrrl 'ti india in i.:rrns c'i sLrb-section {.ir\) cf se';tiol 1;27 cfthe cori,pqni.s Act 1956,"';;e enclcs: in thg.f,nnexurc a state/nent on 'tl.e nrattersnerifi-- in nrrar::nh" 4 anci : ci the said orCer.

4. Attc:rtic;r is Ciav;;l to the '/arious notes €fven in relatecl notes for rr,'hich mino:cnange in accou-nting policies have been tiiade. Effe.t ei suth ci'alges ha-'re !reelmade in each - possible pJeces/bleckeis/rgpoits i-- cr.ln'enf yL'..i .rs ;,'cll asprevious -,'ear figrjres & detaila of cnang','ha're alsc been prorzideC in se-rd notes'itseli. E-"-ce1.,,i Note giv*'-n on i.ioie- 2i, thcsc chalr.gei. ';ia'ta

r',-o irrtr;a.;', o. r'toitt. oi1^ ' . - - , f , . - r nn -n \ - \ . r h r , t ,

" : : : c cs .r,

5. Fr:rthcr to oui cc.fiment in ihe anncxuic iefcrred to above, wr report that:(;) We trave cbtaincC a.U the info:ynatig::.arrC expla:-rltion,',^/hicn tc'Ji: hesr if. Our Kno'.vledge e:r'.i le:ief wer() lrt'(cssar f'-"' '.1:e purpose o.!'c':: nrCi:;

(ii) I'1 our opin'.c::, ,proper boci: 9f 3ccou:rl es requireC b1; !a'r,' h:rie beer l:ept tri'the :cmpanv so far as apr'ea,'s frolrr (1ur exai!;r.lation of those books eurdpiuDer returi-Is adequate for the pui'pose of cur ;udit have been receiveclfron ccrnpi-ny;

t w;ti l i i ie.l 'ook C.i alcc::nt;

-RAJRAJESHWARI NIWAS" 1st Floor, Basant Vihar, Purva Deen Daval. Roorkee -241 (jfj7 (U K.) INDIATetefax:0'1332-266316, 9219405758, Mob. :098377896'18, E-mail r piyush-kuchhal@yihoo co.in, piyushkuchhal@gmait com

Website www.piyushkuchhal.com

(lv)

{v)

In our opinion, the Balance Sheet, the statement of Prolit and Loss and cashflow statement comply the accounting standard referred to in sub-section(3C) of section 21 1 of the Companies Act, 1956;

On the basis of written representation received from the director as on3I/O3/2O1,3 and taken on record by the Board of Director we report thatnone of the director is disqualified as on 31ut MARCH 2013 from beingappointed as a director in terms of clause (g) of sub-section (1) of section 274of the Companies Act, 1956 ;In our opinion and to the best of our information and according toexplanation gryen to ls, except for our comment in para 4 above, the saidaccounts give the information required by the Companies Act, 1956, in themanner so required and give a true and fair view in conformity with theaccounting principles generally accepted in India:-

In tJle case of the Balance Sheet, of the state of the affairs of the CompanyAs at 31$ March, 2013;In the case of the Statement of Profit & Loss, of the profit of the Company forThe year ended on that date and;In the case of Cash Flpw Statement, of the cash flows for the year ended onthat date.

(vi)

(a)

(b)

(c)

PL,ACE: ROORKEE

DFTTE :24/05/2013

FOR PMJSH

(PRoP.)M. No. -401020

IATES11991C

Chartered

Annexure to the Arrditor's Report

Referred to in paragraph '3" of our report of even date to the members of AuroSundram P1y & Door Private Limited on the account for the year ended on 31"tMarch 2013 of

(i)(a) The Company has maintained proper record showing fu11 particular includingquantitative detail and situation of fixed assets.

(b) In our opinion fixed assets have been physically verified by the managementduring the year and no material discreparrcies were noticed on such verificationand the same have been properly dealt with in the book of account.

(c) During the year, in our opinion, no substantial parts of fixed assets havebeen disposed off by the company. Although a transaction of sale of Car wasreported during the year. Sale consideration of Rs. 250000/- was received duringthe year.

(ii)(a)The physical verification of inventory has been conducted at reasonableintervals by the management

(b)In our opinion the procedure of physical verification of stock followed by themanagement is reasonable and adequate in relation to the size of the companyand the nature of its business

(c)The company is maintaining proper record of inventory and no materialdiscrepancy were noticed on physical verification and the same have beenproperly dea-lt with in the book of accounts.

(iii)(a) The company has taken loan from its holding company covered in the registermaintained u/s 301 of the Companies Act, 1956. The company has not givenloan to any companies, lirm or other parties iisted in the register maintained u/s301 of the Companies Act, 1956. The company has not granted any loans,secured or unsecured to parties listed in a register maintained u/s 301 of theCompanies Act, 1956.

(b)In our opinion, the rate of interest and other terms arrd condition on whichloans have been Taken from holding company listed maintained u/s 301 of theCompanies Act 1956 are not, prima facie, prejudicial to the interest of thecompany.

(c)The company is regular in repaying the principal amount as stipulated andhas been regular the payment ofthe interest.

(d)There is no overdue amount of loan taken from maintained u/s 301 of theCompanies Act, 1956.

(iv) In our opinion and according to the information and explanation given to us,the company has an adequate procedure commensurate with the

size of the Company and the nature of its business for the purchases ofinventory, fixed assets and with rega-rd to the sales of goods and services. Duringthe course of our audit , we have not observed any continuing failure to correctmajor wealmess in intemal controls,

(v) (a) According to information & explanation given to us, we are of the opinionthat the transaction that need to be entered in to the register maintainedu/s 301 of the Companies Act, 1956 have been so entered

(b) In our opinion and according to the information & explanation given to us,the transactions made in pursuance of contracts or arrangements entered inthe register maintained u/s 301 of the Companies Act, 1956 and exceedingthe value of Rupees Five lac in respect of each parties during the year havebeen made at the prices which are reasonable having regard to the prevailingmarket price at the relevant time.

(vi) According to the information and explanation given to us the company hasnot accepted arry deposits from public, as the directives issued by theReserve Bank of India and the provisions of section 58 A 58 AA of theCompanies Act, 1956 and the rule framed there under.

(vii) In our opinion the company has an adequate internal audit systemcommensurate with the size alrd nature of its business.

(viii) According to the information and explanation given to us the company isnot required to maintain Cost Accounting record U/S 209 (1) (d) of theCompanies Act, 1956.

(A According to the information and explanation given to us the Company doesnot have arly undisputed amount payable in respect of Income Tax, WealthTax, SaJe Tax, Custom Duty, ESI, Cess, Excise Duty and any other statutorydues with the appropriate authorities outstanding As at the last day of thefinancial year concerned for a period of more than six months from the Datethey became payable.

(x) In our opinion, the accumulated losses of the company are not more thanfifty percent of its net worth. The company has not incurred cash lossesduring the financial year during on that date or in the immediately precedingfinancial year.

("i) According to the information and explanation given to us the Company hasnot defaulted in repagnent of dues to a financial institution or bank ordebenture holder during the year.

(xii) hccording to the information arrd explanation given to us the company hasnot granted loan and advances on the basis of security by way of pledge ofshares, debenture and other securities'

(xiii) The provision of any special status as specified under paragraph xiii of theorder are not applicable to the company.

("iv) According to the

DRKl]

given to us the Company is

t)rvl

(rui)

("i*)

Fq)

(*rii\

(xviii)

PI,ACE: ROORKEE

DATE:24/05/2013

not a dealer or trader in securities.

According to the information and explanation given to us the company hasnot given any guarantee for loan taken by others from bank or financialinstitution.

According to the information and explanation given to us the term loan wereApplied for the purpose for which the loans were obtained.

According to the information ald explanation given to us the fund raised onSiort term basis have pot been used for long term investment and vicev ersa.

The company has not made any preferential allotment of shares to partiesand companies covered in the Register maintained under section 301 of theAct during the year.

The provision as specilied under paragraph xix & :o< of the ordlr are notApplicable to the Company

According to the information and explanation given to us the, during theyear no fraud on or by the company has been noticed or reported

FOR PMJSH

(PRoP.)M. No. -401020

IATES-011991C

Chartered

AURO SUNDRAM PLY &DOORPRIVATE LIMITEDRegd. Omce :Plot I'1o.217,356,357,360,361,Roorke (U.A.)

BALTNCE SHEETAs at 31st March 2013

NOTESAmount in -

3lstMarch'zo13 3lstMarch'2012

EQUITY AND LIABILITIESShareholder's Funds

Share CapilalReserves & Surplus

Noh current LiabilitiesLong Term BorrowingsDeffered Tax LiabilityLongTerm Provisions

current LiabilitiesShort Term BorrowingsTrade PayablesOther Current LiabilitiesshortTerm Provisions

TOTAL

677

1,00,00,000.006.64.r7 .O49.29

1,00,00,000.006.61.45.139.68

7 ,64,47 ,049.29

4,49,07 ,120.0038,05,961.54

7,61,45,L39,64

4,42,63,174.005,54,7s7.74

s,z7 ,13,o4L,52

9,9A,25,607.0(a/3,04,9A,239,00'' )- .36,n,4a9.63

'1o .2B .7oo .oo ,

4,aa,17 ,as7.7 4

4,49,43,27 5.973,29,00,818.00

40,39,809.009.95,000.00

13,5O,26,O29.63 4,29,14,902.97

26,41,56,160-44 20,7A,A\494.39

B ASSETSNon Curretrt Assets

FixedAsse!sTangibleAssersIntangible AssetsCapital Work-in-ProgressCapital Expenditure on New/Expansion Projecls

Non Current InvestmentsLong term Loans and Advancesother Non Current Assets

Cunert AssetsInventoriesTrade ReceivablesCash and Bank BalancesShort Term Loans and Advancesother Current Assets

TOTAL

a910

11t2

1312t41172

8,56,96,142.441

ls,79,211.80

9,45,42,7 61.0V2,63,69,125.8v4,72,66,153.6V,-6,72,274.71

30,451.0'

8,33,66,279.64

16,18,599.00

7s,26,4s;.40

4,7 5,44492.006,51,A4,905,A9

15,57 ,241.676,a7,719.153,92,706.00

26,47,56.760,44 20,?4,41,494.39

*YF!E'XEEIEE!}arrtnc

' -' *' -- -** * 5*\5 xfl---'"n ,iod" -/

\ Chartered Accou

{*".'- ,',' \c^)$r \?

W'"','#ROORKEE

PROP. $;t y;dgAlySunita Devi Choudhary [Director)

Membership No.

Place: ROORKEEDare:24.05.2013

AURO SUNDRAM PLY & DOOR PRIVATE LIMITEDRegd, Off ce :Plot No.217,356,357,360,361,Roorke (U-A")

Statemeht of Profft and Loss for the year ended 3lst March'2o 13

IncomeGross Revenue from operationsLess I Excise DutyNet Revenue from Operations

0tier IncomeTotalRevenue( l )

ExpensesCost ofRaw Materials Consumed(lncrease)/Decrease in inventories ofFinished Goods and Work in ProgessTraded GoodsEmployee Beneff ts ExpenseOther ExpensesDeprecation and Amortisation ExpenseFinance Cost

Total Expenses ( II )Profit before Tax and Exceptional ltems

Exceptional Items

Prcfit before Taxation

Tax f,xpersesCurrentTaxLess: MAT credit entitlementNet Curretrt Tax ExpenseDeferred TaxTax Expenses for EarlierYear

Total Tax ExpensesProfit for the year

Eamings per equity share (nominal value ofshare Re 10/- (Re 10/")Basic and Diluted

43,69,08,500.59

4,25,50,394.96

39,52,2r,779.11

2,20.30,757.004,74,65,O57.1O

93,25,379.62

The accompanying notes are an itrtegral part ofthe financial statehentsour ReDort of even Date

For PiyushFirmchartered

\

Membership No.

Place: RooRl(EEDate: s

w;#RO(IRIiEE

SR NO. PARTICULARS 31.03-2013 31.o3.2072

l..

CASH FLOW FROM OPERATING ACTIVITIESNet Profit before taxDepriciation and AmortisationInterest IncomeFinance CostProfit & Loss on sale of Fixed Assets

5398593.3996L8442.70-77607r.25

14326998.07-7 489.46

96,57,957.7793,25,379.62

(58,035.24112786979.03

0.00

ODeratins P fore working Capital Changes 291605L3,45 31706240.58

Decrease/(lncreasel in InventoryDecrease/(lncreasel in debtorsDecrease/(lncrease) in Loan & Advances

lncrease/(Decreasel in Trade Payable & Otier C.L.

other Non operative Items/Exp.Decrease/[tncrease) in Otier Current AssetsDirect Tax Paid INet Of Retund)**

-5,09,94,269.0038815780.00

75445.04-27 68494.37

.003 61655.00-841760.46

(2,88,51,000.00)2,67,77,678.00(44,83,227.15)

1,18,96,000.00(5,81,782.381(3,92,000.00)

Net Cash From Operation 737,4A,465.66 3,60,7L,949.05

CASH FLOW FROM INVESTING ACTIVITIESFixed Deposit/Margin Money (Civen)/RetundLoan (Given)/Refunds[Net)1*Security Deposited**Sale offixed assetsPurchase of Fixed Assets & Capital WIPInterest lncome

-2330000.001300000.00-3527 67.40250000.00

-10572797.00176071.25

(1,3s,39,000.00)58,035.24

Net Cash From Investing Activities rr,15,28,887.1s1 (\34,A0,964.76

CASH FLOW FROM FINANCING ACTIVITIESFinance Cost PaidINCREASE/ [Decrease) in Long Term LiabilitiesINCREASE/ (Decreasel in shortTerm Liabilities

-74326998.07644006.00

5,48,42,325.49

(L,27,86,979.03)(1,28,886.001

t1,19,35,000.00.)Net Cash From Financing Activities 4,tt,59,333.42 [2,48,s0,865.03]

Total Increase/[Decrease) in cash & cash equivalentsCash & cash equivalents at tie beginning of the pe od

cash & cash equivalents at the end ofthe period#

4,33,78,9Ll.9315,57,241.67

4,49,36,153.60

(22,59,BB0.7 4)38,r7,122.4!L5,57,247.67

AURO SUNDRAM PLY & DOORPRIVATE LIMITEDCASH FLOW STATEMENT FOR THE YEAR ENDED AS AT 31.03 '2012 &3I.03.2013

our Report ofeven Date

AMT. IN LACES

OrpreneNCe 0.00** In previous year cloumn, these heads were included in change in working capital heads it self.

# Represents Cash & Bank Balances as indicated in Note No, 14, & excludes Rs. 23,30 Laces[Rs. NilJ being

bank balances with restricted use.The accompanying notes are an integral part ofthe financial statemenls

0.00

For and on Behalfofthe Board of Directors

For Kuchhal & AssociatesNo- 011991C

PROP.Membership No.Place; R0ORKEEDate: 24.05.2013

A'n2'Anil Kumarthoudhary (Director)

W-*d cJ*Ju-

.a

Noo{{Bs

.--9o'

Sunita Devi choudhary [DirectorJ

2. Share

AURO SUNDRAM PLY & DOOR PRIVATE LIMITEDAs at and for the yeat ended 31st March,2013

31stMarchzo13shares Amount in R5.

10,00,000 (10,00,0001 Equity Shares ofRe. 10/- each

Total

lssued10,00,000 (10,00,000) Equity Shares of Re 10/- each

Total

Subscribed and Paid uP10,00,000 (10,00,000) Equity Shares ofRe 10/- each

Total

Reconciliation of the shares outstanding at the begtnning and at the end of the reporting period

Equityshares

At the Beginnins of the year

Issued duringthe yearoutstanding at tlle etrd of the year

3lstMarch'2012

10,00,000 1,00,00,000.00 10,00,000 1,00,00,000.00

Terms/Rlghts attached to the Equity Shares

The company has only one ctass ofequiry shares havinsparvalu€ ofRe10/-per share. Each holder ofequityshares is entid€d to one vote p€r share.

tn r,Ile even!oftiquidation ofthe company, th€ hotders ofequityshares will be entided to receive remaining assets ofthe company, afte. distribution

ot all prefereniial amounts. The dist bution will be in proportion to the number of equity shares held by the shareholders.

Shares held by holding/ uldmate holdlng company and/ or thefu subsidiaries/ associates

outotequity and pr€ference shares issued by the compant shares held by its holding company, ultimate holding company and $eir

subsidiaries/ associates are as below:

Century. Plyboards 0l Ltd., Kolkata, the holding companv

Equity shares oi'10 each tully Paid

Details ofShareholders holding more than syo shares in the company

Equity shares ofRe 10/-each tullypaid-upcentury Plyboards (l) Ltd., Kolkata, holding companv

Shri Anil Kumar ChoudharyShri Ashok Kumar ChoudharYSmt Sunita Devi Choudhary

% holding in the Noofshares % holdtug in the clait

3lstMarch'2013No ofshares AmountinRs.

5,10,000 51,00,000.00

3lstMarch'2013

Noofshares

3lstMarch'2012No ofshares Amount ln Rs.

5,10,000 51,00,000.00

3lstMarch'2012

510000295640

9732097000

51.00%29.57

9.73%

5100002956809732097000

As per records of the Company, includins its register ot shareholderc/membe.s , the above shareholdins represents legal ownerships of shares.

wROORKEII

AURO SUNDRAM PLY & DOORPRJVATX LIMITEDAs at and for the yeat ended 3lst March,2 013

3. RESERVES & SUR?LUS

Capital ReseweBalanceas per the last Financial StatementsLess : Capital Subsidy Written offClosingBalance

Amalgamation ReserveBalance as per the last Financial Stat€ments

Securities PremiumBalance as perthe last Financial Statements

Revaluation ReserveBalance as per the last Financial Stat€mentsLess : Amount transferred to the statement ofprofit and loss as rcdustion from depreciationClosingBalance

General Reser_veBalanceas per the last Financial StatementsAdd: Transferred from statement of Profit and LossClosing Balance

Surplus in the statement ofProfit and LossBalance as perthe last Financial StatementsAddr Profit fortheyearLess: AppropriationsInterim Equity DividendTax on Interim Equity DividendProposed Final Equity DividendTax on Proposed Equily DividendTransfcr to General Reserve

Total AppropriationsNet Surplus in the Statement ofProfit and Loss

Total Reserves and Surplus

Change in Accounting Policv:-Company has been changed its accounting policy about thedonation, chanty, tax exp. olearxesryears, intt on tds etc. Nowthese

items are shown in statement of Profit & Loss itself in pite of reserve& surulus. The effect ofthis change has been incorporated in last year

2,67 ,45,139.642,71,909.61

1,7 5,72,046.5291,73,053.16

4. ermNon Current Portion Current Maturities

Amount in' Amount in -

3lsrMarch'2013 31st March'2012 3lslMarch'2013 3lstMarch'2012

Term Loans (Secured)Indian Rupee Loan from BanksIndian Rupee Loan from a Financial InstitutionForeign Currency Loan from Banks

other Loans and Advances (Secured)Financial Lease obligations :-- From banks- From Bodi€s Coryorate- from directors

Other Loans and Advances (Unsecured)

- From Bodies Corporate- from directors

Amount disclosed under the head " Other Curr€nt Liabilities"

INote - 7]NetAmount

4,49,O7 ,120.OO

21,15,000.00

4,47,40,000.0020,08,114.00

22,57 ,122.50

22,57 ,722,5O

-22,57 ,722.50

28,20,000.00

,u2o,ooo.oo

-28,20,000.00

4,89,O7 ,a20.OO 4,42,63,1L4.OO

4,49,O7 ,720.00 4,42,63,t14.OO

/^cnt . Indian rupee lodn f rom UNION BANK oF INDIA carr ies int96{$6?

alons with inrerest. trom the date of toan, viz., sEP zooa. rryl5p6is set

trade receivables ofthe compdny pertaining to manufacrudrqlivision.

o[ t-tre comFinv. namelv sh. anil kumar choudharv, sh. ash6i&(nR Oq2. UNSEUCRED LOAN / DEPOSIT WAS TAKEN FROI, I M/S GqIIURY PL3. Term Loan rcpayable with in 12 months mentioned no$. fu{ther or

Rllilo"r,R /O259\'t+ T\e loan is repayable in 60 [4oNTH LY installments of 2.35 LACES eachrurfd bV hypqiAcalion of FACTORY BUILDINC, PLANT & MACHINERY inventory andFfrther, the ld€!.hts been gxaranteed by the personal guarantee ofthe THRET dire.rorso{Urv+rnr dGiru a"ui choudharv.r-[tjYrll|l{S dlsfl. ANrL KUMAR CHOUDHARY@ 12% & 7.s0o/o RESPECTIVELY.'re\t liabiltieF'libte-7)

AURO SUNDRAM PLY & DOOR PRIVATE LIMITEDAs at and for the yeat ended 31stMarch,2o13

5. ProvisionsLongTerm ShortTermAmounl in ' Amount in'

31stMa.ch'2013 3lstMarch'2012 31st March 2O13 3lsl arch'2012

Provision for Employee Benefitscratuity ( Note no- 31)Leave Encashment

Other ProvisiotrsProvision for TaxProposed Equity DividendProvis ion for Tax on Proposed Equi ty Div idend

TotalAmount

1028700.00 9,95,000.00

10,28,700.00 9,95,O00.0010,28,700,00 9,95,000.00

Loans repayable on demand r

Cash Credit ftom banks (Secured)

Loans from related parties (Unsecured)- From a Subsidiary ComPanY- From a Director- From Bodies Corporate

Other Loans and advances (Secured)

Buyers Credit from banks- For Capilal Expenditure- For Raw Materials

Total Amount

Notes:-

1 Working Captal facilities (including buyers' credit) from Banks are secured/to be secured by a first charge on the current assets and seconct

charge on the fixed assea of the company. ln addition ofabove a coryorate gauantee for Rs. Ten crores has also been given to the Union Bank of India

Roorkee to secrretle said cc limiLThe above cash credit is repayable on demand and carries interest@ 13 50 to 13 75% pa

4,49,A3,275.979,98,25,601.00

Trade Payables- Dues to Micro and small Enterprises (Refer Note no 29 )- Dues to oth€rs

Other LiabilidesPayable againstpurchase of fixed assetsCurrent Malurities ofLong Term Borrowings (note'4]

Interest accrued buJnotdue on Borrowings

Advances from CustomersInveslor Educahon and Protechon Fund (Tobe paid as andwhen duel- Unpaid DividendStatutory Dues PayableSecurity Deposits

28,20,000.00

12,19,809.00

22,57 , l2Z.S0

14,16,367.13

f"l$<$I \ O rI i-E

FKEElxr" .JP ;.

/-i,/;ii"P'

F=

F

d

E

z

AURO SUNDRAM PLY& DOORPRIVATE LIMITEDAs at and for the yeat ended 31st March,2013

11. Loans and AdvancesNonCurrent CurrentAmount in -

3lstMarch ZO13 3lstMarch'2012 3lstMarch'2013 3lst MarEh'2OlZ

Loans and Advances funsecured-Considered Good)CapitalAdvances

Security Deposits

LoansTo a Subsidiary Conpany

'To other Bodies corporate

share Application MoneyTo related parties

Secured ConsideredGood

Advances recoverable in cash or kind

Other Loans and AdvancesPrepaid ExpensesAnti Dumping Duty ReceivableAdvance InromeTax, Tds & Retund EtrMATCredit Entitlement (NetofProv.l & Balance with lta; depBalance with Statutory/Government Authorities

18,95,168.80

36,84,043.00

75,42,40? .40

13,00,000.00

46,44,043.O0

10,000.00

4,20,395.01

2,41,479.70

1,42,500.00

41,635.00

4,47,974.90

61,605.8s

s5,79,21L4O 7 5,26,450-40 6,72,274.71 6,A7,7t9.75

Loans and advances due fi:om DirectoN ofthe company

Noncurrent Current

!4 Amount in -

- 13.00.000.00

12. Trade Receivables and OtherAssetsNon Current CurrentAmount ln - Amount in'

31stMarch 2013 31st March 2012 3lstMafth'2013 3lstMarch'2012

12.1 Trade Receivables (Unsecured)

Debts outstanding for a period exceeding six months from thedate they are due for payment.Considered GoodConsidered Doubttul

Provision for doubtful trade receivables

Other DebtsConsidered Good

Total fA+B i

9,96,409.00 21,52,313.00

9,96,409.00 21,52,313.OO

9,96,409.00 21,52,373.00

2,53,72,7 L6,49 6,3O,32,592,49

2,63,69,L25,49 6,51,84,905.89

12,2 OtherAssetsUnsecured Considered GoodCentral/State Government Subsidies ReceivableInterest accrued ort Loans, Deposits etr IDividend Receivable ( From a subsidiary companylSTOCK IN TRANSIT

30,451.00

3.92.106.00z:qHA, ! : ' ' r 30.451.00 3,92,

{#.' ,-ti'Jiat) / ' \ ( ' )

i fooodno.iit ) I ) ,1

{;tr.;#

AURO SUNDMM PLY & DOOR PRIVATE LIMITEDAs at and for the yeat erded 31st Maich,2013

13. lnventories

(At Lower ofcost and Net Realisable Value)Raw MaterialsWork in ProgressFinished GoodsStores & Spar€s Parts, etcLoose Tools

Noterl.The above includes stock in TransltRalv Mat€rialsTraded coodsFinished Goods2. Stock Cost incl usive ofall directexD. incurred in brinsinethe slock

Cash and Cash EquivalentsBalances with Banks

On CurrentaccountsDeposits with Original Maturityofless than threemonthsOn Unpaid Dividend Account

Cash on handCheques/Drafts on hand

Other Bank BalancesDeposits with original Maturity of more than 12 monthsDepositswith Original Maoritymorethan 3 months butless 12 months#Margin Money Deposits

4,44,69,270.79

4,66,443.47

1,67,447.26

13,95,794.41

6"ArySil o.r;f,*.-l-l

tErtt".#

AURO SUNDRAM PLY & DOOR PRIVATE LIMITEDFor the Year ended 31stMarcb,2013

15, Revenue from

49,27 ,95,041.O05?-,40,? 1,936.00Revenue from OperatlonsSale ofProdu€LsFinished GoodsTraded GoodsIncome from Logishc services

other operatiDg revenue

Scrap salesExpbrt I ncentivesSales Tax SubsidyMiscellaneous IncomeRevenue liom Opemtions (Gross )Less: Excise DutYRevenue from Operations ( Net l

Details of Products Sold

Finished Goods sold

Plywood & BlockboardLaminatesPre-Laminated Particle Boards

Ferro SiliconSilicon Mangenese

Details of Income from Logisfc Senices

Container Freight Sttion Services

JettySewices

49,25,94,277.OO

2,00,764.00

52,7 5,93,027.OO

4,7a,915.00

Other16.

Dtvidend Income on LongTerm Inveshents:- Subsidiaries- Others

Idterest Income on

Fixed Deposits, Loans etcr-

Insurance and other Claims

Unspent/Unclaimed liabilities written back

Prcfiton Fixed Assets Sold /Discarded (net]

Bad Debts Recovered

Net gain on sale ofcurrent investm€nts

Miscellaneous Receipts (Discounts etc) t ==\\

K":Ah.i,N.

Amount in'313tMarchzo13 3lstMarch 2012

1,76,071.25

7,449.46

58,035,24

1,83,560.71 58,035.24

5 ;'.'"jFl,,r,f,.,{f

AURO SUNDRAM PLY& DOOR PRIVATE LIMITEDForthe Year ended 31stMarch,2013

17. Cost of Raw Materials Consumed

Inventory at the beginning ofthe year

Add : Purchases

Less: Inventoryatthe end of the year

Cost of Raw Materials Consumed

Details of Raw Materlal consumedTimber Logs

chemicalsPaperParticle Board0thers

Detalls of Closing Stock of Raw MatedalsTimber Logs

ChemicalsPaperParticle BoardOthers

Note . l.Stock /purchase Cost inclusive of all directexP. incurred in bringing the stock

i.e freightinward, custom duty etc. & exclusive ofdiscounts

2. storeconsumed nowadded in other expenditures (note no.20)

Amount In'31st March'2013 3lstMarcb'2o12

3,51,43,590.004&2&15,550.59

1,73,70,063.7941,90,54,705,32

51,79,59,140,598,10,50,640.00

43,03,64,7 69.L13.51.43.590.00

43,69,08,500.59 39,52,21,779.11

20,47 ,93,444.4617,34,06324.735,47,04324.00

21,21,64,A3L4712,61,75,7 5Z.OO5,68,80,595.24

43,69.08,500.59 39,52,21,779,11

83,81,339.006,52,08,144.00

7 4,61,157 ,00

M,4AAA4.0O2,59,06,644.90

47 ,AA,422.00

8,10.50,640.00 3,51,43,590.00

in inventories

Inventories at the beginnlng of the yearFinished GoodsWork in Progess

Inventories at the erd of the yearFinished GoodsWork in Prog.ess

Details oflnventoryFinished GoodsPlywood and BlockboardLaminatesPr€-Laminated Paticl€ Boards

work ln ProgressPlywood and BlockboardLaminatesPre-Laminated Particle Boards

Note . Stock /Durchase Cost inclusive of all direct exp incu ed in

AURO SUNDRAM PLY & DOOR PRIVATE LIMITEDFor the Year ended 3lstMarch,2013

19. Benefits

3lstMarch'2013 31stMarch'2012Salaries, Wages, Bonus etcContribution to ProvidenL Gratuityand other FundsEmployees Welfare Expenses

Note r Director Remuneration nowincluded in otherexp€nditure fNote 201

41910,905.0076,03,427.00s.61.803.00

2,OO,62,449.OO13,79,569.OO5.a7.739.OO

2,39,76,r35.O0 2,20,30,157.OO

Other20,

Stores & Spare parts consumedLoose Tools consumed

(lncrease)/decrease of excise duty on inventorylnsurance

Jetty ExpensesContainer Freight Station 0perating Exp€nsesRentP.ates & TaxesRepairs & Maintenance-Buildings-Plant& Machinery-Others

Transport & FreightCommission on SalesAdvertisernenL Publi€ity and Sales PromotionCommunication ExpensesDirectors' RemunerationAuditors' RemunerationCharity and DonationsOctroiSales Tax for earlieryearsForeign Exchange Fluctuations [Net)Loss on Fixed AsseLs sold /Discarded [net)Irrecoverable Debts written offProvision for Doubtful DebtsMis€ellaneous Expenses

Paymentto Auditor

Audit FeesLimiled review

In other CapacityFor Certificate and other Seivices

R€imbursement of Exp€nses

Payments to Branch AuditorsAudit Fees

Noter

and Donations. short & Excess. now included on olher exD. insDile ofDrovided from reserve &

s7 ,21,995.00

2,54,29,760.00

7,48,0s;3s1,23,835.00

4,82,340.00

s,ss,$;.oo23,9913A.5A

92,711.004,46,774.00

62,180.002,96,77a.99

26,30,000.00

1,10,80,953.00

2,60,14,702.45

6,M,109.0021,734.OO

4,61000.00

5,94,767.0026,A4,475.00

24,100.003,89,357.00

36.902.002,70,091.00

23,40,000.0045,000.0073,526.00

4,92,r14.OO

30,000.00

15,000.00

21, and Amortisation

Depreciation on Tangible AssetsDepreciaiion on In langible Assets

Less:Recoupment from revaluation reserve

96,14,442.70 93,25,379.62

96,14,442.70 93,25,379.62

96,14,442.70 93,25,379.62

22, Finance CostloHXll-4.'\

\34,02,892.00

5,24,106,07

\27 3A3A5.00

44,594.03

Interest Expenses

BankCharges*'**""ir.?*'"7

[:[ n9{nxno iili 1,43,26,99A.07 r,27,46,979.O3

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a o r . r + co + @ ! + c o c D c o m @o . v j o i i s i r i u t . i

.i ..i d;

\ o + 6 c D + o : l 3 0. 9 4 r ? c ! 9 . ! n d l n l

o l n + O l . -d + c r . o \ o + o c - i

o l \ N - d o c ! \ N c l\ O N

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. r -no: o- \o- q\co.016 + c o < n @ F - ( n

6 i o i c t i c ? i s i c t i 6 i

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" ' ' c i ' ' '

Fi o'

+-q F. o l F

@ F r N N < F .a ! 2 a \ l o ? 9 q n

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d

. - i 5 s d . -Y H 1 - = E Z i

=E HEEE=ABi EflEEEeL Z i i i H E ;f d e 5 R d 9 S

Deffered Tax for Depreciation as on 31st March 2013

WDV ofAssets as per schedule VI

Less: WDV ofAssets as per IT Act

Difference due to Depreciation

Deffered Tax @ 30.900/0 on Depn Difference

Provisions for Bad and doubtful debtsProvisions for Leave Encashment & GratuitySection 438 items

Deffered Tax @ 30.900/0 on Prov for Leave and carried forward loss

Nett Deffered Tax Liability/(Asset) as at 31.03.2013

Nett Deferred Tax Liability as on 31/3/201.2

Deffered Tax (Liability) / during ttre year

2vtz-zot3

8,56,96,L82.44

7,33,79,t54.85

t,23,t7,O27.59

38,05,961.52

3Z,5t,223.7 A pl

0.00

38,05,961.52bs

AURO SUNDERAM PLY & DOOR PRIVATE LIMITEDNOTES TO FINANCIALS STATEMENTS AS AT AND FOR THE YEAR ENDED 31ST MARCH, 20{3

Basis of Preparation

The financial statements have been prepared to comply in all material respects with the

Accounting Standards notified by the Companies (Accounting Standards) Rules, 2006 (as

amended) and the relevant provisions of the Companies Act, 1956. The financial statements

have been prepared under the historical cost convention on an accrual basis except in respect

of insurance and other claims, which on the grounds of prudence or uncertainty in realization,

are accounted for as and when accepted/received. The accounting policies applied by the

Company are consistent with those used in the previous year, except for the change in

accounting policy explained in 'l .1(i) below.

Summary of Significant Accounting Policies

Ghange in accounting policY

Presentation and disclosure of financial statements

During the year eniJed 31"1 March, 2012, the revised Schedule Vl notified under the

Companies Act, 1956, has become applicable to the company, for preparation and

oresentation of its financial statements. The adoption of revised Schedule Vl does not impact

the recognition and measurement principles followed for preparation of financial statements.

However, it has significant impact on presentation and disclosures made in the financial

statements. The Company has also reclassified the previous year figures in accordance with

the requirements of Revised Schedule Vl applicable in the current year.

Use of Estimates

The preparation of financial statements in conformity with Indian GAAP requires the

management to make judgments, estimates and assumptions that affect the reported amounts

of revenues, expenses, assets and liabilities and the disclosure of contingent liabilities, at the

end of the reporting period. Although these estimates are based on the management's best

knowledge of cunent.gvents and actions, uncertainty about these assumptions and estimates

could result in the outcomes requiring a material adjustment to the carrying amounts of assets

or liabilities in future periods.

Reyenue Recognition

Revenue is recognized to the extent that it is probable that the economic benefits will flow to

the company and the revenue can be reliably measured.

(a) ReVenue from sale of goods and services rendered is recognized upon passage of title

which generally coincides with delivery of materials and rendering of services to the

customers. The company collects sales taxes and value added taxes (vAT) on behalf of

1 . 1

(i)

(iD

( i i i )

the government and, economic benefits flowing to the Company.

AURO SUNDRAM PLY & DOOR PRIVATE LIMITEDNOTES TO FINANCIALS STATEMENTS AS AT AND FOR THE YEAR ENDED 3IST MARCH, 2013

Hence, they are excluded from revenues. Excise duty deducted from revenue (Gross) is the

amount that is included in the revenue (Gross) and not the entire amount of liability arising

during the year.

Sales figures are net of rebates and discounts.

(b) Dividend Income is recognized when the shareholders' right to receive the payment is

established by the balance sheet date.

(c) Interest income is recognized on a time proportion basis taking into account the amount

outstanding and rate apPlicable.

(iv) Fixed Assets ...; '

Fixed Assets are stated at cost or revalued amount, as the case may be, less accumulated

depreciation / amortisation and impairment, if any. Cost comprises the purchase price

inclusive of duties (net of cenvat / VAT), taxes, incidental expenses and erection /

commissioning expenses etc. up to the date, the asset is ready for its intended use. In case of

revaluation of fixed assets, the original cost as written-up by the valuer, is considered in the

accounts and the differential amount is transferred to revaluation reserve.

Machinery spares which can be used only in connection with an item of fixed assets and

whose use as per technical assessment is expected to be irregular, are capitalized and

depreciated over the residual life of the respective assets.

(v) lmpairment of Assets

The carrying amounts of assets are reviewed at each balance sheet date to determine if there

is any indication of impairment based on external/internal factors. An impairment loss is

recognized wherever the carrying amount of an asset exceeds its recoverable amount which

represents the greater of the net selling price and'Value in use'ofthe assets. In assessing the

value in use, the estimated future cash flows are discounted to their present value using a pre-

tax discount rate that reflects current market assessments of the time value of money and

risks specific to the asset.

(vi) Depreciation / Amortization

(a) The classification of plant and machinery into continuous and non-continuous process is

done as per technical certification and depreciation thereon is provided accordingly.

(b) Depreciation on fixed assets is provided under Written down Value method at the rates

Drescribed in Schedule XIV of the Companies Act, 1956, or at rates determined based

on useful lives of the respective assets, as estimated by the management, whichever is

higher.

(c) Depreciation on revalued(2)(b) of the Companies

assets is provided at the rates specified under section 205

Act. '1956. However, in case of fixed assets whose life is

determined by the valuer than their useful life under section 205, depreciationt iHA(

write off of these assets over their useful life.;-ro9'*u,

is provided at higher

AURO SUNDRAM PLY & DOOR PRIVATE LIMITEDNOTES TO FTNANCTALS Srn ettleNrS AS AT AND FOR THE YEAR ENDED 31sr MARCH, z0{3

(d) Depreciation on fixed assets added / disposed off during the year is provided on pro-rata

basis with reference to the date of addition / disposal.

(e) Leasehold properties are depreciated over the primary period of lease or their respective

useful lives, whichever is shorter.

(0 Intangible assets areyears.

amortized on a written down value method over a period of 5

G) ln case of impairment, depreciation is provided on the revised carrying amount of the

assets over its remaining useful life'

(vii) Foreign CurrencyTransactions

(a) Initial Recognition

Foreigncurrencytransactionsarerecordedinthereport ingcurency,byapplyingtotheforeign currency amount, the exchange rate between the reporting currency and the foreign

currency at the date of the transaction.

(b) Conversion

Foreign cunency monetary items are reported using the closing rate. Non-monetary items

which are carried in terms of historical cost denominated in a foreign currency are reported

using the exchange rate at the date of the transaction, and non-monetary items which are

carried at fair value or cither similar valuation denominated in a foreign currency are

reported using the exchange rates that existed when the values were determined.

(c) ExchangeDifferences

Exchange differences arising on the settlement / conversion of monetary items are

recognized as income or expenses in the year in which they arise'

(d) Forward Exchange contracts not entered for trading or speculation purpose

The oremium or discount arising at the inception of forward exchange contracts is

amortized as expenses or income over the life of the respective contracts. Exchange

differences on such contracts are recognized in the statement of profit and loss in the period

in which the exchange rates change. Any profit or loss arising on cancellation or renewal of

forward exchange contracts is recognized as income or expense forthe year.

(viii) Investments

Investments that are readily realisable and intended to be held for not more than a year are

classified as Current investments. All other investments are classified as long-term

investments. Current investments are carried at lower of cost and market value on individual

investment basis. Long Term I are considered at cost, unless there is an "other

than temporary" decline in

L{ ,, 'i,%J

if *oqi{*oo l*q$-asin the value of I

adequate provision is made for the diminution

AURO SUNDRAM PLY & DOOR PRIVATE LIMITEDNOTES TO FINANCIALS STATEMENTS AS AT AND FOR THE YEAR ENDED 31ST MARGH, 2013

(ix) Inventories

Raw Materials, stores and spares are valued at lower of cost and net realizable value.

However, these items are considered to be realizabte at cost if the finished products, in which

they will be used, are expected to be sold at or above cost'

Work in progress and finished goods are valued at lower of cost and net realisable value. Cost

includes direct materials & labour and a part of manufacturing overheads based on normal

operating capacity. Cost of finished goods includes excise duty'

Cost of Inventories is computed on weighted average/ FIFO basis'

Net realizable value is the estimated setling price in the ordinary course of business, less

estimated costs of completion and estimated costs necessary to make the sale.

(x) Government Grants and subsidies

Grants and subsidies from the government are recognized when there is reasonable

assurance that the granUsubsidy will be received and all aftaching conditions will be complied

with.

When the grant or subsidy relates to an expense item, it is recognized as income over the

periods necessary to match them on a systematic basis to the costs, which it is intended to

compensate.

When the grant or subbidy relates to an asset, it is deducted from the gross value of the asset

concerned in aniving at the carrying amount of related asset'

Government grants of the nature of promoter's contribution are credited to capital reserve and

treated as a part of the shareholders funds.

(xi) Retirement and other employee benefits

(a) Retirement benefit in the form of Provident Fund is a defined contribution scheme and is

charged to the ?rofit and Loss Account of the year when the contributions to the

respective funds are due. The Company has no obligations other than the contribution

PaYable to the resPective funds.

(b) Gratuity liability, being a defined benefit obligation, is provided for on the basis of an

actuarial valuation on projected unit credit method made at the end of each financial year.

@,Short term compensated absences are provided for based on estimates. Long term

compensated absenaes are.provided for based on actuarial valuation which is done as per

projected unit credit method at the end of each financial year'

(d) Actirarial gains / losses are immediately taken to the statement of profit and loss and are not

defened.

(xii) Earning per Share

Basic Earning per Share is calculated by dividing the net profit or loss for the year attributable

to equity shareholders, ( after deductible preference dividend and attributable taxes) by the

weighted number of equity during the year.

For the purpose of

attributable to equity

per share, net profit or loss for the year

average number of shares outstanding

AURO SUNDRAM PLY & DOOR PRIVATE LIMITEDNOTES TO FINANCIALS STATEMENTS AS AT AND FOR THE YEAR ENDED 3IST MARCH. 2013

during the year are adjusted for the effect of all dilutive potehtial equity shares.

(xiii) Excise Duty and Custom Duty

Excise duty on finished goods stock lying at the factories is accounted for at the point ofmanufacture of goods and accordingly, is considered for valuation of finished goods stocklying in the factories as on the balance sheet date. Similarly, customs duty on imported

material in transiVlying in bonded warehouse is accounted for at the time of imporU bonding of. materials.

(xiv) Borrowing Costs

Borrowing costs includes interest, amortization of ancillary costs incurred in connection with

the arrangements of borrowings and exchange differences arising from foreign currency

borrowings to the extent they are regarded as an adjustment to the interest cost.

Borrowing cost directly attributable to the acquisition, construction of an asset that necessarily

takes a substantial period of time to get ready for its intended use are capitalized as part of the

cost ofthe respective assets. All other borrowing costs are expensed in the period they occur.

(xv) Taxation r '

Tax expenses comprises of current and deferred tax. Current income tax is measured at the

amount exoected to be oaid to the tax authorities in accordance with the Indian Income Tax

Act, 1961. Deferred income taxes reflect the impact of current year timing differences between

taxable income for the year and reversal of timing differences of earlier years.

The deferred tax for timing differences between the book and tax profits for the year is

accounted for using the tax'rates and laws that have been substantively enacted as of the

Balance Sheet date. Deferred tax assets and deferred tax liabilities are offset, .if a legally

enforceable right exists to set off current tax assets against cunent tax liabilities and the

defened tax assets and deferred tax liabilities relate to the taxes on income levied by same

governing taxation laws. Deferred tax assets are recognized only to the extent that there is

reasonable certainty that sufficient future taxable income will be available against which such

deferred tax assets can be realized. lf the company has carry forward unabsorbed

depreciation and tax losses, deferred tax assets are recognized only to the extent there is

virtual certainty supported by convincing evidence that sufficient taxable income will be

available against which such deferred tax asset can be realized.

The carrying amounts of deferred tax assets are reviewed at each balance sheet date. The

company writes-down the carrying amount of defened tax assets to the extent that it is no

longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable

income will be available against which defened tax asset can be realized. Any such write-

down is reversed to the extent that it becomes reasonably certain or virtually certain, as the

case may be, that sufficient future taxable income will be available.

Minimum Alternative Tax (MA nized as an asset only when and to the extent

will pay normal income tax during the specifiedthere is convincingperiod. In the year in Tax (MAT) credit becomes eligible to be

AURO SUNDRAM PLY & DOOR PRIVATE LIMITEDNOTES TO FINANCIALS STATEMENTS AS AT AND FOR THE YEAR ENDED 318T MARCH, 2OI3

recognized as an asset in accordance with the recommendation contained in guidance note

issued by the Institute of Chartered Accountants of lndia, the said assets is created by way of

a credit to the profit and loss account and shown as MAT credit entitlement. The company

reviews the carrying amount of MAT at each Balance Sheet date and writes down MAT credit

entiflement to the extent there is no longer convincing evidence to the effect that the company

will pay normal income-tax during specified period.

(xvi) SegmentReporting

a) ldentification of segments:

The company has identified that its business segments are the primary segments. The

Company's business are organized and managed separately according to the nature ofproducts/services, with each segment representing a strategic business unit that offers

different product / services and serves different markets. The analysis of geographical

segments is based on the areas in which major operating divisions of the company operate.

b) Inter segment transfers: ,,

The Company generally accounts for intersegment sales and transfers at current market

onces.

c) Allocation of Common Costs:

Common allocable costs are allocated to each segment on case to case basis applying the

ratio, appropriate to each relevant case. Revenue and expenses, which relate to the enterprise

as a whole and are not allocable to segment on a reasonable basis, have been included under

the head "Unallocated".

The accounting policies adopted for segment reporting are in line with those of the Company's

accounting policies.

(xvii) Fixed Assets Acquired under Lease

(a) Finance Lease

Assets acquired under lease agreements which effectively transfer to the company

substantially all the risk and benefits incidental to ownership of the leased items, are

capitalized at the lower of the fair value and present value of minimum lease payment at the

inception of the lease term and disclosed as leased assets. Lease payments are apportioned

between the finance charges and the reduction of the lease liability so as to achieve a

constant rate of interest on the remaining balance of their liability. Finance charges are

charged directly to the expenses account.

(b) Operating Lease

Leases where the lessoreffectively retains substantially all the risks and benefits of the

ownership of the leased as operating leases. Operating lease payments

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are recognized as an of profit and loss.

AURO SUNDRAM PLY & DOOR PRIVATE LIMITEDNOTES TO FINANCIALS STATEMENTS AS AT AND FOR THE YEAR ENDED 31ST MARCH, 2013

(xviii) Derivative Instruments

ln accordance with the lCAl announcement, derivative contracts, other than foreign currency

forward contracts covered under AS 11, are marked to market on a portfolio basis, and the net

loss, if any, after considering the offsetting affec't of gain on the underlying hedged item, is

charged to the statement of profit and loss.Net gains, are ignored as a mafter of prudence.

(xix) Cash and Cash equivalents

Cash and cash equivalents in the cash flow statement comprise of cash at bank and in hand

and shortterm investments with an original maturity of three months or less'

(xx) Provision

A provision is recognized when an enterprise has a present obligation as a result of past event

and it is probable that an outflow of resources will be required to settle the obligation, in

respect of which a reliable estimate can be made. Provisions made in terms of Accounting

Standard 29 are not discounted to their present value and are determined based on best

estimates required to settle the obligation at the balance sheet date. These are reviewed at

each balance sheet ddte and-adjusted to reflect the current best estimates.

(xxi) Contingent Liabilities

A contingent liability is a possible obligation that arises from past events whose existence will

be confirmed by the occurrence or non-occurrence of one or more uncertain future events

beyond the control of the Company or a present obligation that is not recognized because it is

not probable that an outflow of resources will be required to settle the obligation. A contingent

liability also arises in extremely rare cases where there is a liability that cannot be recognized

because it cannot be measured reliably. The Company does not recognize a contingent

liability but discloses its existence in the financial statements'

26. Capital & Other Commitments

a) At 31.t March,20,!3 company has no commitments to invest any capital relating to the companies

share in the joint control entitY.

b) At 31"1 March,2013 theSubsidiary.

to invest relating to further investment in any

r l,j

RolrRKE.l u i

AURO SUNDRAM PLY & DOOR PRIVATE LIMITEDNOTES TO FINANCIALS STATEMENTS AS AT AND FOR THE YEAR ENDED 31ST MARCH, 2013

27. Contingent Liabilities (Rs. in Lacs)

Note: Based on discussion with the solicitors/favourable decisions in similar cases/legal opinion taken by

the company, the management believes that the company has a good chance of success in above

mentioned cases and hence, no provision there against is considered necessary.

Based 'on

the information / documents available with the Company, information as per the

reouirement of Section 22 ol fhe Micro, Small and Medium Enterprises Development Act' 2006

are as under:

(Rs. in lacs)

2012-2013 2011-2012

(D Principal amount remaining unpaid to any supplier at -the end ofaccounting year (including retention

(iD Interest due on above.

Total of (i) & (ii)

28.

Contingent Liabilities not provided for in respect of :-

(a) Demands / Claims bf varioris Govemment Authorities and

others not acknowledged as debt:

(i) Excise DutY/Service Tax

(ii) Sales Tax / VAT

(iii) Income Tax

(iv) Others

Total

(b) Guarantees in favour of a bank against facilities granted to a

Subsidiary Company

(c) Un+edeemed bank guarantees

(d) Bills discounted with banks , ,(e) Letters of credit issued by the banks

(0 Custom Duty on import under EPCG Scheme against which

Export obligation is to be fulfilled

0.00bc. to

performance).

AURO SUNDRAM PLY & DOOR PRIVATE LIMITEDNOTES TO FINANCIALS STATEMENTS AS AT AND FOR THE YEAR ENDED 31ST MARCH, 2013

(iii) Amount of interest paid by the Company to the suppliers in termsof section 16 of the Act..

Amount paid to the suppliers beyond the respective appolnteddate.Amount of interest due and payable for the period of delay in -payments (which have been paid but beyond the due date duringthe year) but without adding the interest specified under the Act.

(vi) Amount of interest accrued and remaining unpaid at the end ofaccounting year.

(vii) Amount of further interest remaining due and payable even in thesucceeding years, until such date when the interest dues asabove are actually paid to the small enterprise, for the purpose ofdisallowance as a deductible expenditure under section 23 of thisAct.

29. Earning per Share (EPS):

In terms of Accounting Standard - 20, the calculation of EPS is given below: -

(iv)

(v)

Profit as per the Statement of Profit & Loss (Rs. In Lacs)

Less: Preference dividend for the year ( including Tax onDividend) (Rs. In Lacs)

Profit available for Equity Shareholders

Weighted average number of Equity Shares outstandingduring the year

Nominal value of equity shares (Re.)

Basic and Diluted earnings per share (EPS) (Rs)

30. Related Party Disclosures:-

a) Name of the related parties:

91.57

2.72

1000000

1 0

0.27

91.57

1000qoo

1 0

9 .16

HOLDING COMPANY Century Ply board India Limited, Kolkata (51% share held by thecompany)

Key Management'PersonnelShri Anil Kumar Choudhary (Director)

Smt. Sunita Devi Choudhary (Director)

Shrl Ashok Kumar Choudhary (Directoo

RELATIVE OF KEY

MANAGEMENT PERSONNEL

SMT. BINDU CHOUDHARY (WIFE OF SH. ASHOK KUMARCHOUDHARY)

Relati:d party transactions is attached in-annexurg;A here with/-,i,!I.?-X,4,{:'..

f, +7 '\lt:: lii'*.Y itl.i<'neCI*"c+r i;! t l ( ,

,\^#.f,'.,,. ,.1. .1

AURO SUNDRAM PLY & DOOR PRIVATE LIMITEDNOTES TO FTNANGIALS Srnfenilenrs AS AT AND FOR THE YEAR ENDED 31sr MARCH, 2013

3{. previous year,s figures including those given in brackets have been reananged where necessary to

confirm to the cunent year's ilassificitions under Revised Schedule Vl as stated in note 1.1(i)

above.

For Piyush Kuchhal & AssociatesNumber 011991C

For and on Behalf of the B

O t^4A'v *';{J | / " '

Anil Kumar Choudhary (Director)

h

J;* 'D-n cL4",)WSunita Devi Choudhary (Director)

PROP.Membership NoPlace :Roorkee

Date: 24th May, 2013

of the

PART IV

BALANCE SHEET ABSTRACT AND COMPANY'S GENERAL BUSINESS PROFILE

I Reilstration Details

Registration Number

Balance Sheet Date

Public Issue

Bonus Issue

Paid up Capital

l,ong term borrowing

Deferred Tax LiabilitiesAppllcation of funds

Net Fixed Assets

Net Current Assets

Long Term loan & Advances

Rs.

u20211UP2005PTC32621

31.03.2013

100.00

4a9.O7

38.06

856.96

fi24.80

State Code

Right Issue

Private Placement

Reserve and Surplus

current Liabilities

Capital WIP

Misc. Expenditure

ProIit/Loss after Tax

Dividend

20

II Capltal raised during the vear lAmount in RS. Thousandsl

NIL

NIL

664.r7

1350.26

o.o0

0.00

522a.57

2.72

NIL

NIL

I Position of Mobilisation Ard Develooment of Fund fAmount in Rs Lacs]Total Liabilities

Source of Funds

264]-56 Total Assets 2641.56

Iv . Performance of ComPanv lAmount Rs ln Lacsl

T\rmover

Profit/foss before Tax

Earnings Per Share in

5282.55 Total Expenditure

(2 0q

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