CHARTERED ACCOUNTANTS · OPTUS CORONA DEVELOPERS PRIVATE LIMITED Report on Financial Statements We...

t the amounts and

on the auditor's

V. K. MITTAL & ASSOCIATES CHARTERED ACCOUNTANTS

D-27, Jangpura Extension, Near Eros Cinema, New Delhi-110014 Tel.: (M) 9811037868, 9818960460 (0) 24319042-43

E-mail : [email protected], [email protected] Web.: www.vkmassociates.com

INDEPENDENT AUDITOR'S REPORT TO

THE MEMBERS OF OPTUS CORONA DEVELOPERS PRIVATE LIMITED

Report on Financial Statements

We have audited the accompanying financial statements of OPTUS CORONA DEVELOPERS

PRIVATE LIMITED ("the Company"), which comprise the Balance Sheet as at March 31, 2016,

and the Statement of Profit and Loss and Cash Flow Statement for the year then ended, and

a summary of significant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

The Company's Board of Directors is responsible for the matters in section 134(5) of the

Companies Act, 2013 ("the Act") with respect to the preparation of these financial

statements that give a true and fair view of the financial position, financial performance

and cash flows of the Company in accordance with the accounting principles generally

accepted in India, including the Accounting Standards specified under Section 133 of the

Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 and Companies (Accounting

Standards) Amendments Rules 2016. This responsibility also includes the maintenance of

adequate accounting records in accordance with the provisions of the Act for

safeguarding of the assets of the Company and for preventing and detecting the frauds and

other irregularities; selection and application of appropriate accounting policies; making

judgments and estimates that are reasonable and prudent; and design, implementation

and maintenance of adequate internal financial control, that were operating effectively for

ensuring the accuracy and completeness of the accounting records, relevant to the

preparation and presentation of the financial statements that give a true and fair view and

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

Auditor's Responsibility

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

We 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

the Act and the Rules made there under.

We conducted our audit in accordance with the Standards on Auditing specified under

section 143(10) of the Act. Those Standards require that we comply with ethical

requirements and plan and perform the audit to obtain reasonable assurance about

whether the financial statements are free from material mis-statement.

An audit involves performing procedures to obtain audit

disclosures in the financial statements. The procedures

judgment, including the assessment of the risks of material misstatement of the financial

statements, whether due to fraud or error. In making those risk assessments, the auditor

considers internal financial control relevant to the Company's preparation of the financial

statements that give true and fair view in order to design audit procedures that are

appropriate in the circumstances. An audit also includes evaluating the appropriateness of

accounting policies used and the reasonableness of the accounting estimates made by

Company's Directors, as well as evaluating the overall presentation of the financial

statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to

provide a basis for our audit opinion on financial statements.

Opinion In our opinion and to the best of our information and according to the explanations

given to us, the aforesaid financial statements, give the information required by the Act

in the manner so required and give a true and fair view in conformity with the accounting

principles generally accepted in India;

a) In the case of the Balance Sheet, of the state of affairs of the Company as at March 31,

2016;

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

date; and

c) In the case of the Cash Flow Statement, of the 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 (11) of section 143 of the

Act, 2013 we give in the Annexure a statement on the matters specified in

paragraphs 3 and 4 of the Order, to the extent applicable.

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 appears from our examination of those books.

c) The Balance Sheet, the Statement of Profit and Loss, and Cash Flow Statement

dealt with by this Report are in agreement with the books of account.

d) In our opinion, the aforesaid financial statements comply with the Accounting

Standards specified under Section 133 of the Act, read with Rule 7 of the

Companies (Accounts) Rules, 2014 and Companies (Accounting Standards)

Amendments Rules 2016. ) On the basis of written representations received from the directors as on 31

March, 2016, taken on record by the Board of Directors, none of the directors is

disqualified as on 31 March, 2016, from being appointed as a director in terms

of Section 164(2) of the Act.

f) With respect to the adequacy of the internal financial controls over financial

reporting of the Company and the operating effectiveness of such controls, refer to our separate Report in "Annexure A".

g) With respect to the other matters included in the Auditor's Report in

accordance with Rule 11of the Companies (Audit and Auditors) Rules, 2014, in

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

i. The Company does not have any pending litigations which would impact its financial position.

ii. The Company did not have any long-term contracts including

derivatives contracts for which there were any material foreseeable losses.

iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.

For V.K. Mittal & Associates

Chartered Accountants

Firm Registration Number: 003172N

(Khu oo Mittal)

(Partner)

Membership Number: 504667

Place: New Delhi

Date: 13 May, 2016

The Annexure referred to in paragraph 'Report on other legal and Regulatory Requirements' of our Report of even date to the members of OPTUS CORONA DEVELOPERS PRIVATE LIMITED for the year ended on 31 March 2016

On the basis of such checks as we considered appropriate and according to the information

and explanation given to us during the course of our audit, we report that:

1. The company does not have any fixed assets. Therefore clause (i) (a), (b) and (c) are not applicable to the company.

2. (a) As explained to us, inventories have been physically verified during the year

by the management at reasonable intervals.

(b) In our opinion and according to the information and explanations given to us, the procedures of physical verification of inventories followed by the

management are reasonable and adequate in relation to the size of the company

and the nature of its business.

(c) In our opinion and on the basis of our examination of the records, the

Company is generally maintaining proper records of its inventories. No material discrepancy was noticed on physical verification of stocks by the management as

compared to book records.

3. According to the information and explanations given to us and on the basis of

our examination of the books of account, the Company has not granted any loans, secured or unsecured, to companies, firms or other parties covered in the

register maintained under Section 189 of the Companies Act, 2013 and consequently, the provisions of clauses iii (a), (b) and (c) of the order are not

applicable to the Company.

4. The company has not given any guarantee to Banks/ financial institutions against

loan taken by its Holding Company namely M/s Ansal Housing &Construction

Limited. On basis of verification and according to the information and

explanation furnished to us, it is submitted that the provisions of section 186 of

the Companies Act, 2013 have been complied with.

5. According to the information and explanations given to us and on the basis of

our examination of the books of account, The Company has not accepted any

deposits from the public during the year under review within the provisions of

Section 73 of the Companies Act, 2013.

6. As per information & explanation given by the management, maintenance of cost records under sub-section (1) of section 148 of the Companies Act has not been specified by the Central Government therefore no such accounts and

records have been made and maintained.

7. (a) According to the records of the company, undisputed statutory dues including

Provident Fund, Employees' State Insurance, Income-tax, Sales-tax, Service Tax, Custom Duty, Excise Duty to the extent applicable and any other statutory dues have generally been regularly deposited with the appropriate authorities.

According to the information and explanations given to us there were no outstanding statutory dues as on 31st of March, 2016 for a period of more than six months from the date they became payable.

(b) According to the information and explanations given to us, there is no

amounts payable in respect of Provident Fund, Employees' State Insurance,

income tax, sales tax, service tax, excise duty customs duty which have not been deposited on account of any disputes.

8. Based on our audit procedures performed for the purpose of reporting the true and fair view of the financial statements and on the information and

explanations given by the management, the Company has not borrowed any

money from bank/financial institution or issued debentures during the year.

9. Based on our audit procedures performed for the purpose of reporting the true

and fair view of the financial statements and on the information and

explanations given by the management the Company has not raised any money by way of initial public offer/further public offer/debt instruments and term loans and hence, reporting under clause (ix) is not applicable to the Company and hence not commented upon.

10. Based upon the audit procedures performed for the purpose of reporting the

true and fair view of the financial statements and according to the information

and explanations given by the management, we report that no fraud on or by the

officers and the employees of the Company has been noticed and reported

during the year.

11. Based upon the audit procedures performed for the purpose of reporting the true and fair view of the financial statements and according to the information and explanations given by the management, we report that no managerial remuneration has been paid/ provided therefore provisions of clause 3(xi) of the order is not applicable to the Company.

12. In our opinion, the Company is not a Nidhi Company, therefore provisions of clause 3(xii) of the Order is not applicable on the company.



and explanations given by the management, transactions with the related parties

are in compliance with the Section 177 and 188 of Companies Act, 2013 where

applicable and the details have been disclosed in the notes to the financial

statements, as required by the applicable accounting standards.

14. According to the information and explanations given to us and on overall

examination of the balance sheet, the Company has not made any preferential

allotment/private placement of shares or fully or partly convertible debentures

during the year. Therefore provisions of clause 3(xiv) of the Order is not applicable on the company.



and explanations given by the management, the Company has not entered into

any non-cash transactions with directors or persons connected with them and

therefore provisions of clause 3(xv) of the Order is not applicable on the

company.

16. According to the information and explanations given to us, the provisions of Section 45-IA of the Reserve Bank of India Act, 1934 are not applicable to the Company.

For V.K. Mittal & Associates

Chartered Accountants Firm Registration N).imber: 003172N

(Khus b ittal) (Partner)


Place: New Delhi Date: 13 May, 2016

ANNEXURE `A' TO THE INDEPENDENT AUDITOR'S REPORT OF EVEN DATE ON THE FINANCIAL STATEMENTS OF OPTUS CORONA DEVELOPERS PRIVATE LIMTED

Report on the Internal Financial Controls under Clause(i) of Sub- section 3 of Section 143 of the Companies Act,2013( "the Act")

To the Members of Optus Corona Developers Private Limited

We have audited the internal financial controls over financial reporting of Optus Corona

Developers Private Limited ("the Company") as of March 31, 2016 in conjunction with our audit of the financials statements of the Company for the year ended on that date.

Management's Responsibility for Internal Financials 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 of Internal Financial Controls over Financial Reporting issued by the

Institute of Chartered Accountants of India. 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 the 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.

Auditor's 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 Financials Controls Over Financial Reporting ( the "Guidance Note") and the Standards on Auditing as specified under Section 143(10) of the Companies Act,2013, to the extent applicable to an audit of Internal Financials Controls, both applicable to an audit of Internal Financials 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 judgment, including the assessment of the risks of material

misstatement of the financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to

provide a basis for our audit opinion on financial controls system over financial

reporting.

: 003172N

Chartered Accountants Firm Registration Num

(KhuslxtSoo Mittal)

(Partner)


Place: New Delhi

Date: 13 May, 2016

Meaning of Internal Financial Controls over Financial Reporting

A Company's internal financial control over financial 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 (1) pertain to the maintenance of

records that, in reasonable detail, 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 Financials 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 March 31, 2016, 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 of Chartered Accountants of India.

Explanatory paragraph

We also have audited, in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India, as specified under Section 143(10) of the Act, the

financial statements of Company, which comprise the Balance Sheet as at March 31, 2016, and the related Statement of Profit and Loss and Cash Flow Statement for the year then

ended, and a summary of significant accounting policies and other explanatory information,

and our report dated May 13, 2016 expressed an unqualified opinion thereon.

OPTUS CORONA DEVELOPERS PVT.LTD.

BALANCE SHEET AS AT MARCH 31, 2016

(Amount in Rs. r)

Note No. Particulars

As at March 31, 2016


EQUITY AND LIABILITIES

Shareholders' funds

Share capital 2.1.1 100,000 100,000

Reserves and surplus 2.1.2 24,976,361 24,998,639

25,076,361 25,098,639

Current liabilities

Other current liabilities 2.2.1 177,346,905 177,354,020

177,346,905 177,354,020

Total 202,423,266 202,452,659

ASSETS

Non-current assets

Long-term loans and advances 2.3.1 202,024,400 202,024,400

202,024,400 202,024,400

Current assets

Cash and cash equivalents 2.4.1 398,866 428,259

398,866 428,259

Total 202,423,266 202,452,659

Significant Accounting Policies and Notes to the Accounts 1&2

Auditor's Report

"As per our separate report of even date"

FOR V.K. MITTAL & ASSOCIATES

FOR OPTUS CORONA DEVELOPERS PVT.LTD.

CHARTERED ACCOUNTANTS

FRN No. 003172N

Kaushal Ku • r Singhal Satender Kumar lain

Partner (Dire = ) (Director)

M. No. 50 446 7 DI : 00125185 DIN : 00304634

Signed at New Delhi on 13th May 20

[ soo MITTAL]

ct‘

[1.tH S 1.1 .0 0 MIITAL

Partner

M. No. 50•41V-7


OPTUS CORONA DEVELOPERS PVT.LTD,

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED ON MARCH 31, 2016

(Amount in Rs. ))

Particulars Note No. For the year

ended on March 31, 2016

For the year ended on March

31, 2015

Incomes

Revenue from operations

Other income 2.5.1

Total Revenue -

Expenses

Other expenses 2.6.1

Total Expenses

Profit before exceptional and extraordinary items and tax

Exceptional items

Profit before extraordinary items and tax

Extraordinary Items

Profit before tax

Tax expense:

Current tax

Deferred tax

Profit (Loss) for the period from continuing operations

Profit/(loss) from discontinuing operations

Tax expense of discontinuing operations

Profit/(loss) from Discontinuing operations (after tax)

Profit (Loss) for the period

Earnings per equity share: 2.7

Basic

Diluted

- -

-

22,278 60,213

22,278 60,213

(22,278) (60,213)

- -

(22,278) (60,213)

- -

(22,278) (60,213)

-

-

-

(22,278) (60,213)

-

-

-

-

- -

(22,278) (60,213)

(2.23)

(2.23)

(6.02)

(6.02)

Significant Accounting Policies and Notes to 1&2

Auditor's Report

"As per our separate report of even date"



FRN No. 003172N


(14 Kaushal Ku • Singhal Satender Kumar 3ain

(Direct (Director)

DIN : 00125185 DIN: 00304634

OPTUS CORONA DEVELOPERS PVT.LTD. CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH,2016

(Amount In Rs.) AS AT 31ST

MARCH,2016

(Amount In Rs.) AS AT 31ST

MARCH,2015 CASH FLOW FROM OPERATING ACTIVITIES : Net Profit before Tax and depreciation (22,278) (60,213) Adjustments for : Amortisation Depreciation Transfer to Reserve (3) LOss on sale of Assets Operating profit before working capital chant A (22,278) (60,216) Adjustments for : Trade and Other Receivables 15,531,930 Inventory Trade Payables (7,115) (15,448,404) Cash generated from operations B (7,115) 83,526 Direct taxes paid NET CASH FROM OPERATING ACTIVITIES A+B (29,393) 23,310 CASH FROM INVESTING ACTIVITIES Sale of Investment Sale of Fixes Assets NET CASH USED IN INVESTING ACTIVITIES C

CASH FROM FINANCING ACTIVITIES Proceeds from issue of share capital(net) Refund of share application money Increase in Share Premium Account Proceeds from borrowings(net) NET CASH FROM FINANCE ACTIVITIES Net Increase in cash and cash equivalents A+B+C+C (29,393) 23,310 Cash and Cash equivalents as at 01.04.2015 428,259 404,949 Cash and Cash equivalents as at 31.03.2016 398,866 428,259

NOTES TO FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF BALANCE SHEET As per our report of even date attached For V.K. MITTAL & ASSOCIATES

CHARTERED ACCOUNTANT

For and on behalf of board

[ K H U. 11 oa . MITTAL] 4. \ e, Kaush u gha Satender Kumar Jain

Partner 4"goo (Director) (Director)

M. No. 50 4467 DIN • •0125185 DIN : 00304634 Signed at New Delhi on 13th May 2016

Company Name: OPTUS CORONA DEVELOPERS PVT.LTD.

Significant accounting policies and notes to the accounts

for the year ended March 31, 2016

1 Significant accounting policies

1.1 Basis of preparation of financial statements The financial statements have been prepared and presented under the historical cost convention on the accrual basis of accounting except for certain financial instruments which are measured at fair values and comply with the Accounting Standards prescribed by Companies (Accounting Standards) Rules, 2006, as amended, other pronouncements of the Institute of Chartered Accountants of India (ICAI) and the relevant provisions of the Companies Act, 2013, ("the Act) to the extent applicable.

1.2 Use of estimates The preparation of financial statements in conformity with the generally accepted accounting principles ('GAAP') in India requires management to make estimates and assumptions that affect the reported amounts of income and expenses of the period, assets and liabilities and disclosures relating to contingent liabilities as of the date of the financial statements. Actual results could differ from those estimates. Any revision to accounting estimates is recognised prospectively in future periods.

1.3 Fixed Assets And Depreciation 2.3.1 Fixed assets are stated at cost, less accumulated depreciation. Cost comprises the purchase price and

any attributable cost of bringing the asset to its working condition for its intended use. Financing costs relating to acquisition of fixed assets are also included to the extent they relate to the period till such assets are ready to be put to use.

2.3.2 Depreciation on fixed assets is provided on Straight Line Method based at the rates specified in Schedule II to the Companies Act, 2013 or the rates determined as per the useful lives of the respective assets, whichever is higher.

2.3.3 Depredation on additions and disposals during the period is provided on a pro-rata basis.

2.3.4 The cost of leasehold land is amortised over the period of the lease. Leasehold improvements and assets acquired on finance lease are amortised over the lease term or useful life, whichever is lower.

1.4 Investments 2.4.1 Long-term investments are carried at cost less any other-than-temporary diminution in value,

determined on the specific identification basis.

2.4.2 Current investments are carried at the lower of cost and fair value. The comparison of cost and fair value is carried out separately in respect of each investment.

2.4.3 Profit or loss on sale of investments is determined as the difference between the sale price and carrying value of investment.

1.5 Cash and cash equivalents Cash and cash equivalents in the cash flow statement comprises cash in hand and balance in bank in current accounts, deposit accounts and in margin money deposits.

1.6 Tax Expenses Income tax expense comprises current tax as per Income Tax Act, 1961 and deferred tax charge or credit (reflecting the tax effects of timing differences between accounting income and taxable income for the period). The deferred tax charge or credit and the corresponding deferred tax liabilities or assets are recognized using the tax rates that have been enacted or substantively enacted by the balance sheet date.

Deferred tax assets are recognized only to the extent there is reasonable certainty that the asset can be realized in future; however, where there is unabsorbed depreciation or carried forward loss under taxation laws, deferred tax assets are recognized only if there is a virtual certainty of realization of such assets. Deferred tax assets are reviewed as at each balance sheet date and written down or written up to reflect the amount that is reasonably / virtually certain, as the case may be, to be realized.

1

2 Notes to the financial statements

(Amount in Rs. T)

Particulars As at March 31, 2016


Authorized Capital

5,50,000 Equity Shares of Rs. 10/- each

(Previous year 5,50,000 Equity Shares of Rs. 10/- each)

Issued, Subscribed and Paid up:

10,000 Equity Shares of Rs. 10/- each fully paid up

(Previous year 10,000 Equity Shares of Rs. 10/- fully paid up)

Total

5,500,000 5,500,000

5,500,000 5,500,000

100,000 100,000

100,000 100,000

b) Reconciliation of the number of shares outstanding at the beginning and at the end of the reporting period is as given below

(Amount in Rs. Z)



Shares outstanding at the beginning of the year 100,000 100,000

Shares Issued during the year - -

Shares bought back during the year - -

Shares outstanding at the end of the year 100,000 100,000

c) Shares in the company held by each shareholder holding more than 5 percent shares specifying the number of shares held is as given below:

Name of Shareholder As at 31 March 2016 As at 31 March 2015

No. of Share) % Holding No. of Shares % Holding

M/s Samyak Projects (P) Ltd. 5,012 50.12% 5,012 50.12%

M/s Ansal Housing & Construction 4,988 49.88% 4,988 49.88%

10,000 100.00% 10,000 100.00%

d) The Company has not allotted any fully paid up equity shares without payment being received in cash and by way of bonus shares nor has bought back any class of equity shares during the period of five years immediately preceding the balance sheet date.

2.1 Shareholders funds

2.1.1 Share Capital

a)

2.1.2 Reserves and Surplus (Amount in Rs. T)

Particulars As at March 31,

2016 As at March 31,

2015

Surplus

Opening balance

(+) Net Profit/(Net Loss) For the current year

(-) Transfer to Reserves

Closing Balance

Total

24,998,639

(22,278)

25,058,855

(60,213)

3

24,976,361 24,998,639

24,976,361 24,998,639

2.2 Current Liabilities

2.2.1 Other Current Liabilities (Amount in Rs. T)



Advance from customers * 177,323,430 177,323,430

Other Expenses Payable

- Audit fees Payable 17,175 16,854

- Professional Charge Payable - 11,236

- Expenses Payable 2,200 -

Other Current Liabilities

Amount paid by the Ansal Housing & Construction Ltd on behalf of the c 4,100 2,500

(Related Party)

177,346,905 177,354,020

* Advance from Customers includes advances of Rs 3,13,430 received from Samyak Projects Pvt Ltd (Related Pi



Unsecured - Considered Good

Capital Advances

Other loans and advances

202,024,400 202,024,400

202,024,400

Less: Provision for doubtful debts

202,024,400

Total 202,024,400 202,024,400



102,575 102,575

195,540 224,933

100,751 100,751

398,866 428,259

Particulars

Balances with IDBI bank

Balances with Axis bank

Cash on hand

Total

2.3.1

Long Term Loans & Advances

(Amount in Rs. Z)

(The advances given by the company are for purchase of land, hence, classified as Capital Advan

2.4 Current Assets

2.4.1 Cash and Cash Equivalents

(Amount in Rs. Z)


(Amount in Rs. Z)


Particulars

Net gain/loss on sale of investments

Other Receipts

Total

Total

2.6.1 Other Expenses

Particulars

Audit fees

Bank Charges

Local Conveyance

Legal & Professional Charges

Printing & Stationary

ROC Fees

Preliminary Expenses Written Off

(Amount in Rs. Z)



17,175 16,854

553 393

2,000

250 14,786

700

1,600 2,500

25,680

For the For the year

year March March 31, 2015

31, 2016 Particulars

Profit after tax and extraordinary items as reported

Exceptional item:

Loss on insurance claim (net of tax)

Profit before exceptional items

Shares:

Weighted average number of equity shares

outstanding during the year

Earnings per share (before exceptional items (net of tax))

Earnings per share (after exceptional items (net of tax))

At the beginning of the year at 01 April, 2013

Shares issued during the year

Bonus shares issued during the year

Weighted average number of equity shares at 31 March, 2014

(22,278)

(22,278)

10,000

(2.23)

(2.23)

No. of Shares

10,000

10,000

(60,213)

(60,213)

10,000

(6.02)

(6.02)

No. of Shares

10,000

10,000

For the For the year

year March March 31, 2015

31, 2016 Particulars

17,175 16,854

17,175 16,854

Audit Fees

Total

•

2.5.1 Other Income

2.6 Expenses

2.7 Earning Per Share

The computation of earnings per share is set out below: (Amount in Rs. Z)

2.8 Amount Paid / Payable to Auditors (Amount in Rs. Z)

Related Party where control exists

Key Managerial Personnel

Nature of Transaction

Balance Receivable/Payables as on 31.03.2016

- Samyak Projects Pvt. Ltd.

- Ansal Housing & Construction Ltd.

313,430 Cr.

4,100 Cr. 317,530

•

2.9 Related Party Disclosures

As per accounting standard 18 on "Related party Disclosure" issued by the Institute of Chartered Accountants of India the disclosure of transactions with the related party is as under:

a) Related Party where control exists:

M/s Samyak Projects (P) Ltd.

M/s Ansal Housing & Construction Ltd

b) Key Managerial Personnal

Kaushal Kumar Singhal

Satender Kumar Jain

c) Transactions with related party

2.9.1 Information pursuant to the provisions of Section 22 of Micro, Small and Medium Enterprises Development Act, 2006

During the year company has not paid any Interest in terms of the section 18 of the above mentioned act.

No principal amount or interest amount are due at the end of this accounting year which is payable to any Micro, Small or Medium enterprises as defined in the Micro, Small and Medium Enterprises Development Act, 2006.

2.9.2 The accounts of certain Sundry Debtors and Creditors, Advances for supplies and are subject to confirmation / reconciliation and adjustment, if any. The Management does not expect any material difference affecting the current year's financial statements.

In the opinion of the management, the current assets, loans and advances are expected to realize at least the amount at which they are stated, if realized in the ordinary course of business and provision for all known liabilities have been adequately made in the books of accounts.

2.9.3 The Company has prepared these financial statements as per the format prescribed by Revised Schedule III to the Companies Act, 2013 (the schedule). Previous year figures have been recast/restated to conform to the classification of the current year.

2.9.4 The Current Year refers to the period April 01, 2015 to March 31, 2016. (Previous year refers to April 01, 2014 to March 31, 2015).

The previous year figures have been regrouped, rearranged and reclassified wherever necessary to conform to this year's classification.




FRN No. 003172N

WV

KPr tiSypo

PARTNER

M. Roj046V?


Kaushal Ku ar ghat Satender Kumar Jain

(Director) (Director)

DIN: 00125185 DIN : 00304634

CHARTERED ACCOUNTANTS · OPTUS CORONA DEVELOPERS PRIVATE LIMITED Report on Financial Statements We...

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