ffice at to - ABT Limited Limited Annual Report 2018-19.pdf · formulated and detalled h the 5ald...

A B T LIMITED(GlN: U60231 TZI 931 PLc000006)

Regd. Office: 180, Race Course Road, Coimbatore - 641018E-mail : [email protected]

Notice is hereby given that the 90th Annual General Meeting of the Shareholders of the Companywill be held on Monday, the 30h September 2019 at 9.15 A.M. at the Registered ffice oi tn6Company situated at 180, Race Course Road, Coimbatore - 641018 to transact the followingbusiness.

AGENDAORDINARY BUSINESS

1. To receive, consider and adopt the audited financial statements (including consolidated financialstatements) for the year ended March 31, 2019 and the Report of the Directors and Auditorsthereon.

2. To appoint a Director in the place of Sri M Balasubramaniam, Director who retires by rotation inaccordance with the Articles of Association of the Company and being eligible, offers herself forre-appointment.

3. To appoint a Director in the place of Sri M Srinivaasan, Director who retires by rotation inaccordance with the Articles of Association of the Company and being eligible, offers herself forre-appointment.

4. To declare a dividend on the equity share capital for the financial year 2018-2019.

By Order of the Board

S ElavazhagCoimbatore04.09.2019

Company SecretaryMembership Number: F7 233

Notes

1. A member entitled to attend and vote at the annual general meeting is entitled to appoint a proxyto attend and vote instead of himself and such proxy need not be a member of the company,

2. Prory form should be deposited with the registered office of the company not later than 48 hoursbefore the commencement of the meeting.

3. Pursuant to the provisions of Section 105 of the Companies Act, 2013, a person shall not act as aprory for more than 50 (fifty) members and holding in aggregate not more than 10% (ten percent)of the total share capital of the Company. However, a single person may act as a prory for amember holding more than 10% (ten percent) of the total share capital of the Company providedthat such person shall not act as a proxy for any other person.

4. Attendance Slip and Proxy Form have been attached hereto.

5. All documents referred to in the Notice and Statutory Registers are open for inspection at theRegistered Office during working of the Company upto to the date of Annual GeneralMeeting.

Registered Office :

CIN :

Email :

A B T LIMITED

'180, Race Course Road, Coimbatore - 641018.u 6023LTZL9 3 1 P 1C0000 [email protected]

Dear Members,Your Directors have pleasure in presenting the6fth Board's Report of your company togetherwith the Audited Financial Statements and Auditor's Report of your company for the financialyear ended March 3L,2OL9.

t. FinancialHighlights(Rs. in Lakhs)

ParticularsYear Ended

31.03.2019Year Ended

31.03.2018

Total lncome

Profit before Depreciation andTax

Profitbefore tax

Less:TaxExpense

Profitaftertax

Retained Earnines:

Balance at the beginning ofthe year

Profit after tax forthe year

Payment of dividend onequityshares

Payment of corporatedividendtax

Transfer to DebentureRedemptionReserve

Transfer to GeneralReserve

97,121.L6

3,445.t3

2,049.7L

(8ss.38)

1.,194.33

9.66

1,194.33

(36.66)

17.7Ll

(53e.s3)

(soo.oo)

94,983.81

4,075.L7,

2,709.70

(s47.3e)

L,762.3L

227.32

1.,762.31.

37.50

7.63

(434.841

(1,500.00)

Balance at the end oftheyear 19.69 9.66

2. State of Company's Affairs and Future OutlookYour Company reported a higher turnover of Rs. 97,LIL.LO Lakhs during the year underreview as against Rs. 94,944.21 Lakhs in the previous year. Your Company earned anEBIDTA of Rs. 7,046.86 Lakhs (Previous year Rs. 7,352.36 Lakhs). Considering the trend ofthe business operations, your directors hope to present better results for the current year.

3. Performance of the Divisionsa) ParcelserviceDivision

The operating results of this division is not as expected, due to heavycompetition fromthe unorganized sector. Also, the operational costs were increased due to variation inthe cost of fuel on daily basis and other operating costs. Your Directors are cptimistic ofa better working results in the current year.

b) Maruti Dealerchip and Service DivisionsThe performance of this division is satisfactory. Your Directors expect better working results inthe current year.

c) Other DivisionsThe performances of Exppress, Windmill, ABT lnfo, Pump, Tanker & Passenger divisions aresatisfactory during the year under review.

4. Change in the Nature of BusinessThere is no change in the nature of the business of the company.

5. Transfer to Reserues

During the year under review, your board has transferred an amount of Rs. 500 Lakhs to reserves

and surplus account.

6. DividendYour directors are pleased to recommend a dividend at Rs.25/- per equity share for the year ended

March 3L, 2OL9. The proposed dividend, subject toapproval of Shareholders in the ensuing

AnnualGeneral Meeting of the Company, would result inappropriation of Rs. 45.21 Lakhs (including

Corporate Dividend Tax of Rs. 7.71 Lakhs).

7, Transfer of unclaimed dividend to lnvestor Education and Protection Fund (IEPF)

During the year under review, there was an unclaimed dividend amount of Rs. 13,900/- ofSri Balasundaram Chettiar which was transferred to the lnvestor Education and Protection Fund

under Section 125 of the Companies Act, 2013.

8. Disclosure under Companies (Share Capital and Debentures) Rules, 2014During the year under review, your company has not issued any securities with differential voting

rights/ Employee Stock Option Scheme/ Sweat Equity shares. Hence no disclosures are made underthe rule referred above.

9. Share CapitalDuring the year, the Company's Share capital remain unchanged.Components of share capital of thecom the r:

S.No. Particularc No. of Shares Share Capital(Rs. in takhs)

1 Authorised Share CapitalEquity shares of Rs. 100 eachPreference shares of Rs. 100 each

Subscribed and Paid up Share CapitalEquity shares of Rs. 100 each

Preference shares of Rs. L00 each

a)

b)

a)

b)

2

2,00,0001,00,000

1,50,000

200.00100.00

150.00

10. Holding/Subsidiary/Associate Compa ny and/or Joi nt Ventu reAs at March 31, 2019, the Company does not have any Holding, associate company and JointVenture as per the Rule 6 of the Companies (Accounts) Rules, 2014.

As at March 3t,2Ot9, the Company has one subsidiary in terms of the Companies Act,2013. The

salient features of thefinancial statement of subsidiary and its contribution to the overall

performance of thecompany during the period under review have been provided in Form AOC-1and Notes to Accounts respectively bothforming part of this Annual Report.

a) Companies which became subsidiaries during the financiat year under review:

S.No. Name of the

1 A B T Two Wheeler Private Lirnited lndia

b) Consolidated Financial Statements:The consolidated financial statements as required in terms of Section 129(3) of the CompaniesAct, 2013 and the Listing Regulations have been provided along with standalone financialstatements. Further a statement containing salient features of the financia! statements of thesubsidiary in Form AOc-l as required to be given in terms of first proviso to Section 129(3) ofthe Companies Act, 2013 has been provided in a separate section which forms part of thisAnnual Report. The financial statements including the consolidated financial statements,financial statements of the subsidiary and alt other documents have been uploaded on theCompany's website (www.a btlim ited.com).

11. DepositsThe Company has not accepted any deposits within the meaning of Section 73 of the CompaniesAct, 2013 and the Companies (Acceptance of Deposits) Rules, 2014 during the financial year endedMarch 3L,2OL9. The outstanding deposits of Rs. 13.80 Lakhs as at March 3L,ZO:rg, are depositsaccepted before April01,2014 and remaining unclaimed.

12. Particulars of loans, guarantees or investments under section 1gEDetails of Loans, Guarantees and lnvestments covered under the provisions of Section 1g6 of thecompanies Act,2013, are given in the notes to the Financial statements.

13. Board of Directorsa) Sri M Balasubramaniam (DlN: 00377053) and Sri M Srinivaasan (DtN: 00102387)- Directors are

liable to retire by rotation at the ensuing Annual General Meeting pursuant to the provisions ofSection 152 of the Companies Act, 7-013 read with the Companies (Appointment andQualification of Directors) Rules, 2OL4 and being eligible have offered themselves for re-appointment.

b) At present the following directors constitutes the board:S.No. Name of the Director qry Designation

1

2

3

4

5

6

SriM Manickam

Sri M Balasubramaniam

SriM Srinivaasan

Sri M HariharaSudhan

MsRad haAkila ndeshwa ri

SriM Chenniappan

7 Sri K Prakash

Non-Executive Director



Executive Director

Whole Time Director

Non-Executive Director(lndependent Director

Non-Executive Director(lndependent Director

00102233

00377053

00102387

02459814

07L24L39

oo277823

01019383

Country

14. Meetings of the Board of DirectorsDuring the Financial Year 2018-t9, 12 (Twelve) meetings of the Board of Directors of the Companywere held (09.04.2018, 09.05.2018, 08.06.2018, 09.07.2018, Og.Og.2O18, 03.09.2018,07.09.2018, 28.09.2018, 3L.L2.2O18, L2.O2.2O79, 11.03.2019 & 28.03.2019 and the details ofdirectors' attendance are given below:

S.No. Name of Director No. of Meetingsheld

No. of Meetingsaftended

1

2

3

4

5

b

7

8

SriM Manickam

Sri M Balasubramaniam

SriM Srinivaasan

SriM Harihara Sudhan

Ms Radha Akilandeshwari

SriM Chenniappan

Sri K Prakash

SriS Murugaiyan (Deceased on 14.00.201A)

12

12

12

12

12

12

12

12

I6

2

I5

12

o

2

15. Stakeholders Relationship Committee

The Stakeholders Relationship Committee has been constituted by the Board pursuant to Section178 of the Companies Act 2013. This committee consists of the following Directors.

Sri M Chenniappan - Chairman

SriM HariharaSudhan

16. Debenture Transfer CommitteeThe Committee has been constituted by the Board and the committee consists of the followingDirectors.

SriM HariharaSudhan

Ms M Radha Akilandeshwari

SriM Chenniappan

The Debenture Transfer committee met 4 tinres during the year on 0g.05.20Lg,7g.07.2otg,25'08'2018 & 17'09'2018 and all the members of the committee were present at the meeting.

17. Audit Committee

The Audit committee consists of the following Directors as its members:

Sri M HariharaSudhan (Chairman)Sri. M ChenniappanSri. K. Prakash

The Commlttee met 3 times dudng the financial year on 03.09,2018, 10.12,2018 & 12.02.2019 andthe attendance of the members are glven belowi

S.No, Namc ofdl€ MGmb€t Dt]{ o. of M€€tlrEheld

o. ol Mectlng!aatend€d

1

2

Sri M HariharasudhanSrl M ChenniappanSri l( Prakash

02459814@27742301019383

333

333

18. YrSll Medr.nlnnln compliance with the p.ovigior$ of S€ction 177(9) the Boa.d of Direclors of the Company

hasframed the "\ rhisde Elower Pofiqf as the vigll medianism for Olrecto(s and employees ofthecompany. The details of the whistle blows policy are posted on the w€bsite of the Company.

No compllant has been receh/€d underthis mechanism duringthe year underreview.

19. Rlsl Managemem Pollqourin8 theyea. under,eview, yolr Company ha5 develop€d end implemented a Risk ManaSement

Pollcy, Ior ident'fyir[ and mana8ing risk. Risk mitigation procEs and measures have b€en

formulated and detalled h the 5ald policy. At present the Company has not ldentified any element

of risk whldl may threaten the existenae of the Company.

20. lntehal hnanclal Cootnols and lntamal Control SFtemThe Eoard ls ot the opinion that there exist adequate Internal controls commensurate u/lth the sire

and op€r.tlons of the Company.

During the year under review, your cornpany has lald down internal financial controls and such

internal flnanclal controls are adequate with reference to the financlal statements and were

operatlnS effectively.

The Company has adequate system of intemal control to safeSuard and protect from loss,

unautho.ized use o. dispoEitlon of its assets. All the thnsactions arc p,opedy authorized, recorded

and reported to the Management. The Comp.ny ls following all the applicable Accountlng

Standards lor properly malntalnlng the books o, accounts and reportlng rlnancial statements.

21, fraud R.pordnSOurin8 the year under revlew no lnstances of fraud were reported by the Statutory Auditors of the

Company.

22. Dedaratlon by lndep€ndcm Dliacto6Pu6uant to the p.ovislons of sub-sectlon (7) of Seclion 149 of the Companies Act, 2013, the

Company has received lndlvldual declarations from all the lndependent Directors confirmlnt thatthey fulfill the criteria of lndependence as specified in Section 149(6) of the Companies Acl, 2013,

23. Boa.d EvaluadonThe provlslons of the Companles Act, 2013 regarding the performance evaluation o, the Board is

not appllcable to your Compeny.

24. Company's poliry on directors' appointment and remuneration including criteria for determiningqualifications, positive attributes, independence of a director and other matters provided undersub-section (3! of section 178

The Nomination and Remuneration Committee comprises the following Directors as its members

a) Sri M Chenniappan (Chairman)

b) Sri M Manickam and

c) Sri. K. Prakash (from 03.09.2018)

Sri M Chenniappan, lndependent Non-Executive Director is the Chairman of the Committee.

The Nomination and Remuneration Committee met 1 time during the year on 03.09.2018 and all

the members of the committee were present at the meeting.

The said committee has been empowered and authorised to exercise the power as entrusted under

the provisions of Section 178 of the Companies Act, 2013. The Company has a policy on directors'

appointment and remuneration including criteria for determining qualification, positive attributes,

independence of a director and other matters provided under sub-section (3) of section 178. The

Nomination and Remuneration Policy is herewith annexed to the Board's Report as Annexure - C.

25. Key Manageriat PersonnelDuring the year under review, the provisions of Section 203 of the Companies Act, 2013 relating toappointment of Key Managerial Personnel does not apply to your Company.

25. Particularc of EmployeesNone of the employee has received remuneration exceeding the limit as stated in rule 5(2) of the

Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

27. Related Party TransactionsAll the related party transactions that were entered into during the financial year in the ordinary

course of business and the prices were at arm's length basis. Hence, the provisions of Section 188 ofthe Companies Act, 2013 are not attracted. There were no materially significant transactions made

by the company with Promoters, Directors, and Key Management Personnel which may have

potential conflict with the interest of the Company at large. Hence, reporting in Form No.AOC-2 is

not applicable.The details of related party transactions are provided in notes on financial

statements.

28. Material Changes between the date of the Board report and end of financial yearThere have been no material changes and commitments, if any, affecting the financial position ofthe Company which have occurred between the end of the financial year of the Company to which

the financial statements relate and the date of the report i.e., September 04, 2019.

29. Significant and material orders passed by the regulators or courts or tribunals impacting the goingconcern status and company's operations in futureDuring the year under review there has been no such significant and material orders passed by the

regulators or courts or tribunals impacting the going concern status and company's operations in

future.

30. Statutory AuditorsPursuant to Section 139(1) of the Companies Act, 2013 and Rule 6 of the Companies (Audit andAuditors) Rules, the members of the Company have appointed M/s. p K Nagarajan &Co., CharteredAccountants Coimbatore (FRN: 0165765) as Statutory Auditors of the Company for the period offive years from the conclusion of the Annual General Meeting held on 28th September, 2017, untilthe conclusion of the Annual General Meeting to be held for the year 2O22. The requirement toplace the matter relating to ratification of their re-appointment at every Annual General Meeting isdone away with vide notification dated 7th May 2018 by the Ministry of Corporate Affairs, NewDelhi. They have confirmed that they are not disqualified for continuing as Statutory Auditors ofthe Company.

31. Audit ReportThere were no qualifications, reservations, adverse remarks or disclaimers, made by the StatutoryAuditors in their repoG requiring the explanation or comments by the Board as per the provisionsof Section 134(3) (f) of the Companies Act, 2013.

32. Secretarial Auditors and Audit ReportPursuant to the provisions of Section 2o4 of the Companies Act, 2013 read with Rule 9 of theCompanies (Appointment and Remuneration of Managerial Personnel) Rules,2OL4, the Board ofDirectors of the Company has appointed Sri. R Dhanasekaran, Practicing Company Seretary toconduct secretarial audit of the Company for the financiat year ending 31st March 2019.

Secretarial Audit Report for the financial year ended 31st March 2019 is enclosed as Annexure - D.

33. Cost AuditPursuant to the provisions of Section 148 of the Companies Act, 2013 read with Rule 14 of theCompanies (Audit & Auditors) Rules, 2014 Cost Auditor appointment is not applicable to theCompany.

34. Corporate Social Responsibilityln terms of Section 135 and Schedule Vll of the Companies Act, 2013, the Board of Directors of theCompany have constituted a CSR Committee. The Committee comprises of Dr M Manickam, Sri MHariharaSudhan andSri M Chenniappan, Directors as its members.

The Annual Report on CSR activities in accordance with the Companies (Corporate socialResponsibility Policy) Rules, 2OL4, is set out herewith as Annexure - E to this Report.

35. Disclosure under The Sexual Harassment of Women at workptace (prevention, prohibition andRedressal) Act, 2013lnternal Complaints Committee (lCC) has been set up by the Company to redress complaintsreceived in respect of Sexual Harassment. All employees are covered under this policy. TheCompany has not received any sexual harassment complaint at workplace during the financial year2018-79.

35. Conservation of energy and technology absorptionThe information on conservation of energy, technology absorption and foreign exchange earningsand outgo as stipulatedunder clause (m) of subsection (3) of section 134 of the Companies Act,2013 read with rule 8 (3) of The Companies (Accounts) Rules, 2074 are given in Annexure - A.

37. Extract of Annual ReturnAn Extract of Annual Return as on Financial Year Ended on March 3L,2OL9 pursuant to the sub-

section (3) of Section 92 of the Companies Act, 2013, and forming part of thisreport, in Form MGT-

9 is enclosed as Annexure - B.

38. Directors Responsibility StatementPursuant to the requirement under section 134(5) of the Companies Act, 2013 with respect to

Directors' Responsibility Statement, it is hereby confirmed that:

(i) in the preparation of the annual accounts for the financial year ended March 31, 2019, the

applicable accounting standards had been followed along with proper explanation relating to

material departures;

(ii) the directors had selected such accounting policies and applied them consistently and made

judgments and estimates that are reasonable and prudent so as to give a true and fair view ofthe state of affairs of the company as at March 3L, 2OL9 and of the profit and loss of the

company for that period;

(iii) the directors had taken proper and sufficient care for the maintenance of adequate

accounting records in accordance with the provisions of the Companies Act, 2013 for

safeguarding the assets of the company and for preventing and detecting fraud and other

irregularities;

(iv) the directors had prepared the annual accounts on a going concern basis; and

(v) the directors had devised proper systems to ensure compliance with the provisions of all

applicable laws and that such systems were adequate and operating effectively.

39. AcknowledgementsYour Directors wish to express their Brateful appreciation to the continued co-operation received

from the Banks, Government Authorities, Customers and Shareholders during the year under

review. Your Directors also wish to place on record their deep sense of appreciation for the

committed service of the Executives, staff and Workers of the Company at all level.

For and on behalf ofthe Board

-fA**CoimbatoreSeptember 04,20L9

M ManickamChairman

DIN:00102233

ANNEXURE-A

lnformation under Section 13a(3Xm) of the Companies Act, 2013 read with rule 8(3) theCompanies (Accounts) Rules, 2014 and forming part of the Report of the Directors

A. Conservation of energy:

(i) the steps taken or impact on conservation of energy : Nil(ii) the steps taken by the company for utilising alternate sources of energy : Nil(iii) the capital investment on energy conseruation equipments : Nil

B. TechnologyAbsorption:

the efforts made towards technology absorptionthe benefits derived like product improvement, cost reduction, productdevelopment or import substitutionin case of imported technology (imported during the last three years reckoned fromthe beginning of the financial year)the expenditure incurred on Research and Development

C. Foreign Exchange Earnings and Outgo:

(Rs. in Lakhs)

(i)

(ii)

( iii)

(iv)

Nil

Nil

Nit

Nil

S.No. Particulars 31.03.2019 31.03.2018

(i)

( ii)Earned

Used47.O4

Nit44.80

Nil

For and on behalf ofthe Board

'-fia^CoimbatoreSeptember 04,2OL9

M ManickamChairman

DIN:00102233

AilTEXURE {FORM NO- Nq 9

ENNACT o; SilUAL RETURiI

A.6limdl E. cntr s 31O3JO19

hlffi b $dn 92 (31 of ttE hFnlG. Act, 413 .nd rulc u(ll Dl thc c@ry (M.wlrrd I ft.ntnldEtld, Rulq m1a.

1 ctil u60231r21931P1C0@05

2 kd$rdh O.te 2eog.193t

3 A I T Umitsd

4 At gory/SuFeEgory of the hpahy Umitcd by Shaes

lndian f,d G@,nmffthDany5 Add6 o, th. tuSinHcd ofhe & @nffi ddail. lm, k Cdrie bd, Coimbatore - 641 Ol3-

6 k7 Mm, tud6 & dm dG* of Sc Rqhr & Tn6t rASaq if ili. &t Applbbk

the b{sln6 10 % ormEMre .d DGdiption of main produ6 / *ryks Nrc 6d. of th. Eoduct/de X io @l turnowr ot lhc @np.ny

shall

ApplidbleHon5r{ ll.mG and add6 of t,ic Cqrpny ON/Gil HoldlnE/ subrldlary/ Asr*iare

%of5hacheld

u50401T22005ffCoilto2 1 subridiary 1mL ABT TWO WHEETER PflVATE UMMD

3

4

(Equity shaE 6pital bEkup as peentage of totalequfty)5hG

Gtlgory ot sh.rehold6

h. of Str.c hCd .t th. be8ftnlng of tlE yErlAr il 01,(x,20$l [k on 3l'h.dl-2o191

Demt PhFLC Tobl * ol Tobl $arg Dcrnat F,hFi6l Tobl % of Tobl sh.mjA. PrcffiaE

lndLn.l lndividu.U HU, lil0J52 lilo,3s2 93.S7X liro,3s2 t4/).,ts2 93.5714

lanhlGdc) Sbtc Gorqs)

d) Sodi6 Co.D. 10 10 o.uI 10 10 o.01%

!l hnks/ rlt) Any oth.r

s.tb ldl lAl (11 t1o,x2 !10,362 93.581 1l(},362 L4l,.362 92.lG%

12) Forll8n.) Nnl hdividu.ls

b) orhe. lndividu.k

c) Bodie Co,p.

d) Any otfiet

sub rdl (Al (21

IOTAI- lAl lil{),:152 1'Ur,362 93.58% 1i10,362 1ro,352 92.1ffi

B, Publk slEEholdlrl

1. tuilMbtL,.l Muu.l Fundt

b) Sankt/Fl

clftntEl Gdtd) sbt.m(s).) Ventu.eC.piEl Futrdj

0lnsurile Crnp.nL3

8) Flls

h) foreign Vdtu.!Gpital Furds

i) OtheE (sDcifo)

sqEtel (8xllr

i) Bodi6 Co.p.

i) lndi.n

ii) Oveenbl lndivk od5

i) lndivilu.l ih.rehoU6holdinS M*d sheepital upto Rs.1 lddr

m of lhe CoilDanv

wh.ff.rli<d 6a6.nv

holdinS nmind sh.reepibl in .rers of Rr 1lalh

9368 9,368 6.41X 11,578 1r"578 7.*a

OvelB&di6

Go'pdatr

[o..Br X.tbnrkde.rlo3 i/LmbcBT.us

DR

subffil (8xe)ts 9J6t 9,368 6.aa% rr"578 71 578 7.*t5Tor.l Puulc 9:!6r 9,:168 6.43r 11,578 1r"578 7.90XC. sh.G h.ld bytuEdi.n for ffi tADK

GnndTdl(^.ercl 15o,(m $0,(m 10fi 15qm $o,0m 1oer

of PmtGt

SN ShEreholde/s MreSfi.i.holding.t tft. beginnkf of th. F.r

96 ch.nge in sharcholding

duringh.F.rto. of SharE% of bEl Sh..er of th. ,a ofshaB 9kdpd/

en@mbed b bbl ilo ol Sh.r6cmpanY

t{ ofshac flG{s.d /

1 sr.f,.NEru 116,395 ,7.@ 116,395 77.il2 9#5 5,31 9,6 6,313 L7m 1.19 1_m L1!'4 1,626 1.d 1.626 1.085 XAMMNTWAI l,m o.57 1,0@ o-67

0li) Or..!. ln P7o.iote.d Shmlioldrf, (plce .Fdfr, f fhGrc b m ch.ngGl

SN Padi@hE D.h Raas

Sh.rcholdin8 at tha b.8in.in3 of thc F.r CuDulati[ Sha].ddlrt duilrl ttra Er

i5. d.h.r6 f ot lobl sh.aei No. ot ih.cs ta of Hd ahe.6

At t,l. b.Sinnint of the ye&

Ct.ht6 durinS tfie ye..At lh. sd ot lh. Ie{

(lv) Shr.lEldrf P.tbm d top ten Sh.rehoadcEP@rno{.c6 otrt

SN For..dr oa the Tq 10 shaaholdeB hk k!rff

Sh.reholdint .t th. b.8lhniq of tha E. CumuLtiw Sh.EholdlnS dodng thc F.r

ilo, of ihar6 % of tobl rhar6 ilo. or sha.6 % or&l sha.6

8,5(E 5.67Chan86 dudnS dE FaaAl thc dd of tha Fd 8,56 5.67 8.505 5-61

ffi ffiffi..'!t)l M#.*Itwwx4MJ]lMW

€fi.E durinS t}a F.rAt th! end oftt! Fd

5,6''

P.ml:

SNShn€hoHlng of €.h txlffi .ad €dt fcy

Manage.ial PaMnn€l lr.E neasn

Sh..cltoldina.t dr. bc3indng ot the year CumulatiE ShachoBlnt during thc year

M. o,f th.res % of tot.l ih..ea tlo. of rhE.6 % of ttrl ahar.s

sRr.u.MMu116 ?SS Tr-@ 116,395 n-&

Chf!6 duh8 th. F..

115.395 77il 11639S n.@

9.165 6.31 9,465 6-31Ch.ng6 du.lnt lh. y.nAt th! md of th. y.ff 9-465 6.3' 9,465 6.31

fl.g!1ot th€ rmo Lr9 17S 119

At tfu od of the Fi 74 t.t9 ,78 t9

l4:r,l $mAt th. bqinnin! of th. H r6a6 ls lffi 1.GChan86 duri4 thc ycnAt thr .nd o, rh€ Fr rft 6 t&6 t_G

ilEr.

o.r o.aChilg6 du,h8 th. EAt tt. frd of tha ye.l 1m o.o rm 0.f,

c) Oherc (spdfy)

[on ksidht hdi.n.

Sh.Eholdint .t the .nd ol lhr ye.r

*IHSINfuMI

ffi-ffim"pffimm

Mll lh. bdinnha of tha Eg

Al the b4innlra of the F,

:lilrrljtIlrj-ilrlrlrtl$ rrra bBiMina of the W

lndebtedness

(Amr. Rsl

Pediculars Secured loB Gxclulin3 defEits UGuaed Loans Oepsits (NCDI Tot.l lnffitednKEt tha ottlcfn.nalal

i) PnncipalAmount

ii) lntere* due but not paid

1,385,432.(D L3S,432.00+ii+frI Jtffi

in lndebtednessduring the financial

Addition

the end ofthe financial year

i) Principal Amount 1,373.09r.98.m 491,t34378.m 659,230,m.00ii) lnteren due but not paid

i:i) lnterest accrued but not dues558,315.m 5.56A316.m

' 'i:|'!r *:&.t*ia r'. izrr'r. t,irl1ii,' ,iiffilfl.

sil. PaticulsB of Rcmuneaatirm Name of MDAArID/ M.n.gH TohlhourrName

M Manic*am M Maai.mm.l M H.riheE Sudh.ndEi'mm Yrce Chdrp€mn Exeutive oiadq Vltolelim. DlMd

Salary es per provisions contain.d an section 17(11 ofthe lnco@tax Aat,

Value

t20@o

Profits in lieu ofslary 17(3) lncomF tax Art, 1961

Stock

Sreat Equity

4 - .s% ofprofitOh€rt plea* sp€cify- Bonus

t62t r 34 1273711 127]/11 6366556.m3% 1% 7*

9966556.m

Tobl lA)

@liB es Er the Act

ir.:t::: . r: t*i(r&&atB .r." lllilrtn

252i1.155.351.m

M< R.db lliH.dcri

1 Grosslary

to dhcrsN.

N.me of [IMo6 Tdal hunt

1lnd.p.nd.nt f,Irdo. lndep.ndent firsa hdeFd.nt Dl|[email protected] €,m-0o &,0m,@ 30,mo,m 1,O,m.m

ComidonGhs, ph& aFGiry

rdl {1)2 Oth6 thErdtiE DittfuE M i .ni(trm M gahsubramani.m M Sdrih6an Mr Rrdha

Fe fror affiding b@rd @mmik metins 40,(m.@ 30,[email protected] 10,ofl).@ 25,000.m

l(xt,m.00

k{ C€}Int.i F th. Act

sN. PailhoLB ofn mun.r.tion Tobl A@nt

1 cr6 sLry uTtwcfo

1384{X) 57M?Ss.hry 6 per [email protected] in ffiioDAGI 1961

Valu. of ,E quiriE ln@Fk A.t, 1951

(c) PrctB in lbu of $Lry unde. frim 17(3, hoG h A.t1961

Sbct Oodon

3 SwEt Equily

4

5

as 96 of proftr

TfrI ff79996 t 04400 57&3S

Sdhn o, atlct D..sl9d6 Adhdn lno / l{orl aouf,rl Appl md., lf .n,ldr o.bltt)Tlr. O.Elk ot P.EltV / Plrildrmanv Co.rFudlirl

tr.lmpc.d

c.

tunishmnthBndh!

[email protected] o, R.munmtim

1m (Upb 09.G.18)

{[)o.q, n-'-f]if.-'n 30,(m.@ 1&mm

==t:ld.l (I {1+2,m.tsld RdDul6tkh

bre of X.y M.n.8e.lal p.lund

Puhi3hlffit

ANNEXURE. C

This Nomination and Rem-uneration Poticy is being formutated in comptiance with Section 17gof the Companies Act,2013 read along with thJappticabte rutes thereto, as amended fromtime to time. This poticy on nominalion and remuneration of Directoir,' f"V r*lanagerialPersonnel and Senior Management has been formutated by the Nomination and RemunerationCommittee and has been approved by the Board of Directois.

Policy Objective

a. To [ay down criteria for identifying persons who are qualified to become Directors and whomay be appointed in Senior Management of the Company in accordance with the criteria taiddown.

b. To tay down criteria for determining quatification, positive attributes and lndependence of aDirector.

c. To tay down criteria, retating to remuneration of directors, key managerial personnet andother employees.

Definitions

"Act" means the Companies Act, 2013 inctuding schedutes annexed thereto and the Rutesframed there under.

"Board of Directors" means the "Board of Directors" of A B T Limited.

"Company" means A B T Limited.

"lndependent Director" means a Director who satisfies the criteria of independence asprescribed under section 149 of the Companies Act, 2013.

"Key Arlanageriat Personne[" (l0\rtp) means

i. Managing Director, or Chief Executive Officer or Manager and in their absence, a Whole-TimeDirector

ii. Company Secretary

iii. Chief Financiat Officer and

iv. Such otherofficeras may be prescribed underthe Companies Act,2013 and the rutes madethereunder.

"Nomination & Remuneration Committee" means "Nomination & Remuneration Committee,,constituted by the Board of Directors of the Company from time to time under the provisions ofthe Companies Act, 2013.

"Other emptoyees" means, att the emptoyees other than the Directors, KMps and the SeniorManagement Personnet.

"Poticy" means the Nomination Remuneration poticy.

"Remuneration" means any money or its equivalent given or passed to any person for servicesrendered by him and includes perquisites as defined under the lncome-tax ict, 1961.

"Senior Management Personnet" means, the personnet of the Company who are members of itscore management team exctuding Board of Directors and l(Mps.

APPOINTMENT AND REMOVAL OF DIRECTOR, KEY }TANAGERIAL PERSONNEL AND SENIORA,TANAGEMENT

a. Criteria of selection

i. The Committee sha[[ identify and ascertain the integrity, quatification, expertise andexperience.of the persgl for appointment as Director, fmp-or at Senior Aianagement andrecommend to the Board his/her appointment.

ii. A.person should possess adequate quatification, expertise and experience for the positionhe/she is considered for appointment. The Committee has authority to decide whetherq.ualification, expertise and experience possessed by a person are sufficient/satisfactory forthe position.

iii. ln.case of appointment of lndependent Directors, the Committee shatt satisfy itsetf withleSar! to the independent nature of the Directors vis-i-vis the Company so as to enabte theBoard to discharge its function and duties effectivety.

iv. The Committee sha[[ ensure that the candidate identified for appointment as a Director isnot disqualified for appointment under section 164 of the companiei act, 20t 3.

v. ln case of re'appointment of Non- Executive Directors, the Board shatt take intoconsideration the performance evatuation of the Director and his engagement levet.

b. Term/Tenure:

The Term/Tenure of the Directors/10{P's/Senior Management personnel shall be as per theCompany's prevaiting poticy subject to the provisions of tne Companies Act, 2013 and rutesmade there under.

c. Evaluation

The Committee shalt carry out evaluation of performance of Directors yearty or at suchintervals as may be considered necessary.

d. Removal

Due to reasons for any disqualification mentioned in the Companies Act, 2013, rules madethereunder or under any other appticabte Act, rutes and regutaiions or any other reasonabteground, the Committee may recommend to the Board for removat of a Director, l(Vrp or SeniorManagement Personnel subject to the provisions and comptiance of the said'Act, rutes andregutations.

e. Retirement

The Director, l(MP and senior management shatt retire as per the appticabte provisions of theCompanies Act,2013 along with the rutes made thereund'er and the prevaiting poticy of theCompany. The Board witl have the discretion to retain the Director, KMp & Senior'Management

Personnel in the same position/remuneration or otheruvise even after attaining the retirementage, for the benefit of the Company.

POLICY FOR REMU N ERATION TO DI RECTORS/K}IP/SENIOR IAANAGEMENT P ERSON NEL

1 ) Remuneration to Managing Director/Whole-time Directors:

a) The Remuneration/ Commission etc. to be paid to Managing Director/Whote-time Directors,etc. shat[ be governed as per provisions of the Companies Act, 2013 and rutes made thereunder or any other enactment for the time being in force and the approvats obtained from theMembers of the Company.

b) The Nomination and Remuneration Committee sha[[ make such recommendations to theBoard of Directors, as it may consider appropriate with regard to remuneration to ManagingDirector / Whote-time Directors.

2) Remuneration to Non- Executive/lndependent Directors:

The Non-Executive Directors/lndependent Directors shatt be entitted to receive sitting fees foreach meeting of the Board or Committee meeting attended by them of such sum as may beapproved by the Board of Directors within the overall limits prescribed under the CompaniesAct, 2013 and The Companies (Appointment and Remuneration of Manageriat Personnet) Rutes,2014. They are atso entitled for reimbursement of expenses in connection with participation inthe Board/Committee meetings / General Meetings.

3) Remuneration to Senior i{anagement Personnel:

a) The remuneration of Senior Management Personnet/[Ov1P's shatt be based on the experience,quatification and expertise of the retated personne[ and shal[ be decided by the ManagingDirector of the Company.

b) The remuneration is divided into two components viz. fixed component comprising salaries,perquisites and retirement benefits and a variabte component comprising of annuat bonus.

Amendments

The Board of Directors may review or amend this poticy, in whole or in part, from time to time,after taking into account the recommendations from the Nomination & RemunerationCommittee.

-c-9cicnorYc85EEbg>x6q)EE O o-oE.= C O)<o.=o

oaotrr)

o-coof

Ef'ttcoo_Exoul 'coP= crtOEa.Ftr6=cL(5E

oaNrO

0o

92;6e-(E E(Uoo) .JoreO=OdFLVL-g3 E 3Hoo iioE-c9.. ojg d38€E8AE'6'q E'6'-i E-E i5 b.oi

oac{l()

cl05=SobP5 gE EOE.!qErF: f o'o<sb.E

oqNt

oo3ooEE(U

CDoo.

oo()o'dq

* EEE

FI [E

Lo

€oc=c)CaEfr\c

g8J-

o!t'E-co.9bie.-o

EE.Bg

aaaEg,E iE E.gEEE-SEg=

oo0)'o' od>8tr.>Ea ?i, 0)o 6P

o(l,

'>o

Eooo

c,16

oE+F>\occ{(E-cLoF

-96d?>=O*

E3PE9rcOC

E}r9(r6-o(tr'=

.H;a 9?.E;O-cg:o!!)'=lr',O)oq8E_EEooCloe9

Eflg,ci.eEgoo-(LPcou>NO6b{oro.9g..EoccLoEE6eOO

;.Eotlr)=(ob_LEEotror .=u) o)

9!

o(Uc-co#:9So(EL .t,

eEeF#LcoE()oE=@o-O

o.()oCL

Ecoooob-ot(t)(-)

-c'=

ooE.gCLEo(J

,g;,9o(Ltroooo,Co=EoE!,coc.9ocoEoE.Eo

!

o-coa.E

EooEU)ooEoLoEooo

=:\'-cEPOEcLoo t\L(,

<5@

=osocoo.Eooo.C

dooLoEtoo-

cooo(Uo

Eococo0,-c

o-go

!

LoooLCL

oL

8;=<i z.L .ol)goboo..c olEo-l/,=ELLoooob(oo-co'Z=sol 9-cE-o9oo!Bg,o=orr0rx'6U,,n9(UL

>\EcooccLoFO=(EE9oo-c -cooOE(u'<o6:o.

o!.Y(EJ.Eou

;-9oo!tEoo!t.oL(Uo

Eoc(EcoEcDcL)15

EoCLocfoE(u0)EE.9gi.cocco=C)

u.lUJtr

ilfrZ!

=EozocolUtsoooIJJ

E,oo-no(,=oFt,oo.IJJtr

fzz1

EEatr+J-otsEtro'6 o 6bfi>=!t- | |ErC.EEE =H EE g E.q-EEPFSEFtsE!!q, d'tr'Eoauta

o.c..YoJr(,qr{)GI6tc.iotr

oL

1toIIooo(L

o.YoJoq$toE.

goooo

o-c.Y-5oa(\Irr)otr z

oo.E

EootrU)oc,E

oc.o=ooo.Eooo-cF

oLooIE'6co.cooL

#1a1olol-cl-lolEl,ct(ElolE]o1(rlorl-Ei€Jol-lrEoLo.,l

oEoE't(5Lo

0)l>loitrl(Ul

olEI0,I'-l.ElololclflolE16lol-cl

ocooLoCI.J

oa

oo

Eococo.coEoo-ocaoEo(U

oF

c(u

=coCLo.EfcaoE

(\t (o t (E lt rI)

A B T LIMITEDStandalone Balance Sheet as at 31.03.2019

(Rs. ln Lakhs)

Particulars Note No.As at

31.03.2019As at

31.03.2018ASSETS

NON.CURRENT ASSETS

(a) Property, Plant and Equipment 2 6L,O5g.2g 61,,479.91

(b) FinancialAssets(i) Investments(ii) Loans

(iii) Other financial assets

(c) Other Non-current Assets

CURRENT ASSETS

(a) lnventories

(b) FinancialAssets(i) Trade receivables(ii) Cash and cash equivalents(iii) Bank balances other than Cash and cash(iv) Loans

(v) Other Financial Assets

(d) Other current assets

TOTAL ASSETS

EQUITYAND TIABILITIES

EQUIW(a) Equity Share Capital(b) Other Equity

UABTUTtES

NON.CURRENT LIABITIT!ES

(a) Financial Liabilities(i) Borrowings(ii) Other Financial Liabilities(b) Provisions

(c) Deferred tax liabilities (Net)(d) Other non-current liabilities

64,t54.79 64,4L4.66

3

4

5

6

L,469.94

290.79

7,173.O5

161,.92

L,469.84

269.30

L,094.94

76!.66

7 8,140.93 6,294.70

8

9

r_0

71

12

2,824.90

850.94r_45.98

L7,069.53

79.68

2,699.19

1,395.65

148.68

L5,928.24

198.09

13 3,530.57 2,904.60

32,642.44 29,469.14

96,797.22 93,883.80

1.4

15

1s0.00

49,771..89

150.00

48,589.4049,92L.99 48,739.40

16

17

18

19

20

L7,506.19

345.09

977.92

7,932.69

86.06

15,961.90

338.35

878.81

L,920.22

88.3920,847.95 19,787.67

CURRENT tlABITITIES(a) Financial Liabilitiesi) Borrowingsii) Trade Payables

a)Total Outstanding dues of Micro &Small Enterprises

b) Total Outstanding dues of other than(ii)(a)above

iii) Other Financial Liabilities(b) Other current liabilities(c) Provisions

(d) Current Tax Liabilities (Net)

TOTAL EQUITY & TIABITITIES

Significant Accounting Policies

LO,g7g.gL 10,702.24

1,380.34 1,,759.94

27

22

23

24

25

26

L

5,910.33

7,099.38

241,.60

522.83

4,L82.LO

8,359.91

301.56651.07

26,033.39 25,956.72

96,797.22 93,883.90

See accompa ng notes to financial statements

As per our Report of event dateForPKNagarajan&CoChartered Accountants

Firm Registration No.: 0166765

rajan

Pa er

Membership No.:025579

UDIN: 19025679AAAAAP4976

Coimbatore

September 04,201-9

S Elavazhagan

Company Secretary

For and on Beha Board

Manickam

Chairman

DrN 00102

"Lh;t+-

han

Executive Director

DrNr 02459814

A B T TIMITED

Statement of Standalone Profit and loss for the Year Ended 31.03.2019(Rs. ln Lakhs)



31.03.2018INCOME

Revenue from OperationsOther lncome

EXPENSES

Cost of material consumedPurchase of stock in tradeChanges in inventories of finished goods,

work-in-progress and stock in tradeEmployee benefits expense

Finance costs

Depreciation and amortization expense

Other expenses

Profit/Loss before Tax

Tax Expense:

Current taxDeferred tax

Profit/(toss) after Tax

Other Comprehensive lncome:Items that will not be reclassified to Statement of Profit and loss

Remeasurement benefit of the defined benefit plans

lncome tax expense on remeasurement benefitof the defined benefit plans

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

Earnings Per Equity Share (For ContinuingOperations) 43

Basic

Diluted

Significant Accounting Policies 7

See accompanying notes to financial statements

, 95,074.44, 92,234.5L2,O46.7t 2,7O9.7O

2,046.71 2,7O9.7O

27

28

29

30

31

32

33

34

35

94,057.45

3,063.719L,642.98

3,301.2397,L21.16 94,944.21

2,t24.2668,980.59

(L,873.4Ol,

9,397.00

3,604.73

L,395.42

LL,445.84

3,!56.!264,652.O4

(168.s1)

8,83L.L7

3,277.79

t,365.47'1,L,121.03

Profit/Loss before Exceptional ltems and Tax

860.39(6.0s)

888.09

59.30

854.34 947.39

1,192.37 L,762.3L

52.99 (s3.06)

(18.s2)

L,226.85

18.36

1,727.62

794.9L

794.9L

1,174.87

1,L74.87

As per our Report of event dateForPKNagarajan&CoChartered AccountantsFirm o.: 0166765

rajan

Mem rship No.: 025679UDIN : 19O25679AAAAAP4976

CoimbatoreSeptember o,4,201,9

''"""":il#i,i.ii'Chairma

DtN 00L

5 ElavazhCompany Secretary

A B T TIMITED

Standalone Cash Flow Statement for the Year Ended 31.03.2019(Rs. ln Lakhs)


31.03.2019

Year Ended

31.03.2018

Cash Flow from Operating ActivitiesProfit/(Loss) Before Tax

Adjustments for:Depreciation and Amortisation(Profit)/Loss on Sale of Fixed Assets

Finance Costs

lnterest lncomeOperating Profit Before Working Capital Changes

Adjustments for:lnventoriesTrade Receivables

Other Non-Cu rrent Assets

Other Current Financial Assets

Other Current Assets

Other FinancialAssets

Trade Payables

Other Finance liabilityLong-Term provisions

Short-Term provisions

Current Tax Liabilities

Other Long-Term Liabilities

Other Current Liabilities

Cash Generated from Operationslncome tax paid

Net Cash generated from/(used in) Operating Activities

Cash Flow from lnvesting ActivitiesPurchase of fixed assets

Sale of fixed assets

Sale/(Purchase) of lnvestments

lnterest income

Net Cash generated from/(used in) lnvesting Activities

Cash Flow from Financing ActivitiesProceeds from/(Repayment of) Long-Term Borrowings

Proceeds fro m/( Repayment of) Short-Term Bo rrowings

Loans given/(Repayment) received for loan given

Dividend Payments

Finance Costs

Net Cash generated from/(used in) Financing Activities

2,046.7L 2,709.70

1.,395.42

57.883,604.73

t2,184.661

L,365.47(s7.1s)

3,277.19-2,224.65

4,920.08 5,070.52

(t,846.23)(tzs.62)

(0.1s)

Lt8.4t(72s.e6)

(.78.L2)

(37s.so)

t,734.9693.10(6.e71

(L28.24)(2.33)

(1,250.53)

(228.s3)

362.4L(3.61)

(63.8s)

(6s1.87)(144.s0)(74s.7s)(284.47)

98.54L3,2L

(268.00)

18.04

919.06

2,3L2.90(860.3e)

4,097.1,6

(888.0e)

L,452.51 3,203.06

184.66 224.65

1,091.00 1,L76.47

(L,195.57)

LoL.92

0.00

L,544.30

L76.66

(1.,L62.78)

(44.37)(3,604.73)

(1,294.661

253.49

-7.0L

4,793.00-3,728.03

(2,227.45]'

(4s.13)(3,277.L91

(3,090.9u 14,478.8t1


31.03.2019

Year Ended

31.03.2018

Net lncrease/(Decreaselfrom Cash and Cash Equivalents

Cash and Cash Equivalents at the beginning of the Year

Cash and Cash Equivalents at the end of the Year

Cash and Cash Equivalents as per the Balance Sheet

ls47.4olL,544.33

996.93996.93

(se.28)

L,643.671,544.331,544.33

As per our Report of event date

ForPKNagarajan&Co

Chartered Accountants

Firm Registration No.: 0165755

P n

Membership No.:025679

U Dl N : 19025679AAAAAP4976

Coimbatore

September 04,2079

For and on Beh Board

Manickam

Chairman

DtN 001

tYrElavazh

Company Secretary

I Hari Hara Sudhan

Executive Director

DrN 024s9814

A B T LIMITED

Standalone Statement of Changes an Equity for the period ended 31st March 2019

A. Equity Share Capital

B. Other Equity

Particulars Note no. No of shares (Rs. ln Lakhs)

Balance as at 01.04.2018

Changes in Equity Share Capital during the year

Balance as at 31.03.2019Changes in Equity Share Capital during the year

Balance as at 31.03.2019

15

1,50,000

1,50,000

1,5o,OO;

150.00

150.00

150.0;

ln Lakhs

Reserves and Surplus

'TotalNoteno. General Reserve

DebentureRedemption

Reserve

Retained

Eamings

OtherComprehensive

income

Particulars

45,905.93

1,934.84

L,762.3L(34.70)

(434.84)(37.s0)

(7.53)

(1,s00.00)

48,589.41

48,589.41

1,139.93

L,792.37

34.47(63e.e3)

(36.66)

17.7tl(soo.oo)

49,771.89

1,008.15

1,008.15

639.93

1,648.08

573.31

434.84

t434.84)(37.s0)

(7.63)

(1,s00.00)

9.56

227.32

9.66

L,762.31,

L,L92.37

(53s.s3)

(36.56)

17.7Ll(soo.oo)

t7.73

(34.70],

34.47

49.49

49.27

1,4.79

L4.7916

46,056.811,500.00

47,556.81

47,556.8L

500.00

48,056.81

Balance as at lst April 2017

Transfer from Retained Earning

Profit / (Loss) for the year

Other Comprehensive lncome

Transfer to Debenture Redemption Reserve

Payment of Dividend on Equity shares

Payment of Dividend Distribution tax on the E

Transfer to General Reserve

Closing balance as at 31 March 2018

Balance as at 1st April 2018

Transfer from Retained Earning

Profit / (Loss) for the year

Other Comprehensive lncome


Transfere to General Reserve

Payment of Dividend on Equity shares

Payment of Dividend Distribution tax on the;Transfer to General Reserve

Closing balance as at 31 March 2019

Significant Accounting Policies

See accompanying notes to financial statements

1

As per our Report of event dateForPKNagarajan&CoChartered AccountantsFirm stration No.: OL66765

arajaner

Me bership No.: O25679U Df N : 19O25679AAArtuAP4976

CoimbatoreSeptember o,4,2OL9

For and on eeh* of Board

4!ru^Chairman

S ElavazhaganCompany Secretary

DIN OO 3

udhantive DirectortN 02459414

P.K. NAGARAJAN & COChartered Accountants

I No. 33, Desabandhu Street,

Ramnagal Colmbatore - 641 009

\ 0422-223L4L6

v pknagarajanandco@ g mait.com

@ wwwpknandco.in

Independent Auditor's RePortTo the Members of A B T LimitedReport on the Audit of the standalone Financial statements

Opinion1. We have audited the accompanying standalone financial statements of A B T Limited ("the

Company',), which comprise the Balance Sheet as at March 31, 2019, and the Statement of Profit and

Loss(including OtheiCbmprehensive lncome), Statement of.Cash Flows and Statement of Changes

in Equity for tne yearthen ended anJ notes'to the financial statements, including a summary of

signiiicaht accouniing policies and other explanatory information.

2. ln our opinion and to the best of our information and according to the explanations given to us, the

aforesaid standalone financial statemenis give the information iequired by the.Companies Act, 2013

(,,the Act,,) in tne manner so requireO anO iir" a true-and fair view in conformity with the accounting

principles generally accepted in lndia, of t-he state of affairs of the company as at March 31' 2019'

ine piorit a-no its cash flows for the year ended on that date.

Basis for OPinion3. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section

143(10) of tne nci. Our responsibilities under those Standards are furtner described in the Auditor's

Responsibilities ior the Audit of the Financial Statements section of our report. We are independent

of the Company in ,""oiO"n"e with in" CoO" of Ethics issued by the lnstitute of Chartered

Accountants ot rioia (lcAl) together with the ethical requirements that are relevant to our audit of the

financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled

our other etnicariesponsibilities in accordance with these requirements and the lCAl's Code of Ethics'

we believe that the audit eviden"" *" nru" obtained is sufficient and appropriate to provide a basis

for our oPinion.

Other lnformation4. The Company,s Board of Directors is responsible for the preparation of the other information' The

other information obtained at the date of ihis audito/s report is Board's Report including Annexures

to Board,s neport ouidoes not include the financial statements and our auditor's report thereon'

S. Our opinion on the standalone financial statements does not cover the other information and we will

not express any form of assurance conclusion thereon'

6. ln connection with our audit of the standalone financial statements, our responsibility is to read the

other information identified above *n"nli becomes available and, in doing so, consider whether the

other information is materially inconsistent with the financial statements or our knowledge obtained in

theaudit,orotherwiseappearstobemateriallymisstated'

7. lf, based on the work we have performed on the other information obtained prior to the date of this

auditor,s report, we conclude that there is a material misstatement of this other information' we are

requiredtoreportthatfact'Wehavenothingtoreportinthisregard.

Responsibilities of Management and Those charged with Governance for the Standalone Financial

Statements8. The ComPanY's Board of Directors is responsible for the matters stated in section 134(5) of the Act

with resPect to the preparation of these standalone financial statements that give a true and fair view

of the financial Position' financial performance, changes in equitY and cash flows of the ComPanY in

accordance with the accounting principles generally accePted in lndia, including the accounting

ibility also includes maintenance ofndards specified under section 133 of the Act. This resPons

Page 119



Ramnaga4 Coimbatore - 541 0091. M22-223L4t6v pknagarajanandco@gmal[.com

@ www.pknandco.in

adequate accounting records in accordance with the provisions of the Act for safeguarding of theassets of the Company and for preventing and detecting frauds and other irregularitiei; seleciion andapplication of appropriate accounting policies; making judgments and estimates that are reasonableand prudent; and design, implementation and maintenanle of adequate internal financial controls,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 viewand are free from material misstatement, whether due to fraud or error.

9. ln preparing the financial statements, the Board of Directors is responsible for assessing theCompany's ability to continue as a going concern, disclosing, as applicable, matters related to loingconcern and using the going concern basis of accounting unless the Board of Directors either intendito liquidate the Company or to cease operations, or has no realistic alternative but to do so.

10. Those Board of Directors are also responsible for overseeing the Company's financial reportingprocess.

Auditor's Responsibilities for the Audit of the Financial statements11. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole

are free from material misstatement, whether due to fraud or error, and to issue an auditor's reportthat includes our opinion. Reasonable assurance is a high level of assurance, but is not a guaranteethat an audit conducted in accordance with SAs will always detect a material misstatement when itexists. Misstatements can arise from fraud or error and are considered material if, individually or inthe aggregate, they could reasonably be expected to influence the economic decisions of userstakenon the basis of these financial statements.

12' As part of an audit in accordance with SAs, we exercise professional judgment and maintainprofessional skepticism throughout the audit. We also:

(a) ldentify and assess the risks of material misstatement of the financial statements, whether dueto fraud or error, design and perform audit procedures responsive to those risks, and obtain auditevidence that is sufficient and appropriate to provide a basis for our opinion. The risk of notdetecting a material misstatement resulting from fraud is higher than for one resulting from error,asfraud may involve collusion, forgery, intentionalomissionl, misrepresentations, orthe overrideof internal control.

(b) Obtain an understanding of internal financial controls relevant to the audit in order to design auditprocedures tlat a1e appropriate in the circumstances, Under section 143(3Xi) of the Act]we arealso responsible for expressing our opinion on whether the Company h;;'adequate internalfinancial controls system in place and the operating effectiveness oi suin controls.

(c) Evaluate the appropriateness of accounting policies used and the reasonableness of accountingestimates and related disclosures made by management.

(d) Conclude on the appropriateness of management's use of the going concern basis of accountingand, based on the audit evidence obtained, whether a material uncertainty exists related toevents or conditions that may cast significant doubt on the Company's ability to continue as agoing concern. lf we conclude that a material uncertainty exists, we are requirei to draw attentionin our auditor's report to the related disclosures in the financial statements or, if such disclosuresare inadequate, to modify our opinion. Our conclusions are based on the audiievidence obtainedup to the date of our auditor's report. However, future events or conditions may cause theCompany to cease to continue as a going concern.

Page 219

P.K. NAGARAJAN E COChartered Accountants

I No.33, Desabandhu Street,

Ramnaga4 Coimbatore - il10091.0422-223L4L6

u [email protected]

@ www.pknandco.in

(e) Evaluate the overall presentation, structure and content of the financial statements, including thedisclosures, and whether the financial statements represent the underlying transactions andevents in a manner that achieves fair presentation.

13. We communicate with those charged with governance regarding, among other matters, the plannedscope and timing of the audit and significant audit findings, including any significant deficiencies ininternal control that we identify during our audit.

14. We also provide those charged with governance with a statement that we have complied with relevantethical requirements regarding independence, and to communicate with them all relationships andother matters that may reasonably be thought to bear on our independence, and where appiicable,related safeguards.

15. From the matters communicated with those charged with govemance, we determine those mattersthat were of most significance in the audit of thelinancialltatements of the current period and aretherefore the key audit matters. We describe these matters in our auditor's report unless law orregulation precludes public disclosure about the matter or when, in extremely rare circumstances, wedetermine that a matter should not be communicated in our reporf because the adverseconsequences of doing so would reasonably be expected to outweigh the public interest benefits ofsuch communication.

Report on Other Legal and Regulatory Requirements16. fs required bythe Companies (Auditor's Report) Order,2016 ("the Orde/'), issued bythe Centrat

Government of lndia in terms of sub-section (11) of section 143 of the Act, we give in the ,,Annexure- A", a statement on the matters specified in paragraphs 3 and 4 of the Order, to lhe extent applicable.

17. 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) ln our opinion, proper books of account as required by law have been kept by the Company sofar as it appears from our examination of those books.

(c) The Balance Sheet, the Statement of Profit and Loss (including Other Comprehensive lncome),the Statement of Changes in Equity and the Cash Flow Statement dealt with by this Report arein agreement with the books of account.

(d) ln our opinion, the aforesaid standalone financial statements comply with the lnd AS specifiedunder Section 133 of the Act.

(e) On the basis of the written representations received from the directors as on March 31, 2O1gtaken on record by the Board of Directors, none of the directors is disqualified as on March 31,2019 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 theCompany and the operating effectiveness of such controls, refer to our sepaiate report in"Annexure - B"; and

(g) With respect to the other matters to be included in the Auditor's Report in accordance with Rule11 of the Companies (Audit and Auditors ) Rules, 2014, in our opinion and to the best of our

*o.o

€

q {'q{ cBe

and according to the explanations given to us:

Page 319



Ramnagaq Coimbatore - 64L 009\.0422-223L416

w pknagarajanandco@g mait.com

@ www.pknandco.in

(i) The Company has disclosed the impact of pending litigations as at March 31, 2019, on itsfinancial position in its financial statements as referred to in Note 36 to the financialstatements.

(ii) The Company did not have any long-term contracts including derivative contracts for whichthere were any material foreseeable losses.

(iii) There has been no delay in transferring amounts, required to be transferred, to the lnvestorEducation and Protection Fund by the Company.

CoimbatoreSeptember 04,2019

FoTPKNAGARAJAN&CO.,Chartered Accountants

Firm Registration Number: 01 66765

P arajanPartner

Membership Number: 025679UDIN: 1 9025679AAAAAP497 6

Page4l9



Ramnagaq Coimbatore - 64L 009\ 0422-223L4L6

w pkna ga rajana ndco@ g mait.com

@ www.pknandco.ln

Annexure - A to the lndependent Auditor's ReportRe:A B T Limited Limited (the "Company'')

(a) The Company has maintained proper records showing full particulars, including quantitativedetails and situation of Fixed Assets.

(b) These Fixed Assets have been physically verified by the management at reasonable intervals.No material discrepancies were noticed on such physicalverification.

(c) According to the information and explanations given to us and on the basis of our examinationof the records of the Company, the title deeds of immovable properties are held in the name ofthe Company.

ii.

ilt

As explained to us, inventories have been physically verified by the management at regular intervalsduring the year. ln our opinion, the frequency of verification is reasonable. No material discrepancieswere noticed on such physicalverification.

The company has granted unsecured loan to seven parties, in earlier periods, covered in the registermaintained under Section 189 of the Act and outstanding balance of which, as at date of balancesheet, is Rs. 17,148.39|akhs. The loans granted are re-payable on demand only and there has beenno default on the part of the parties to whom the money has been lent. ln respect of the aforesaidloans, as per the terms and conditions, there are no amounts which are overdue for more than 90days.

ln our opinion, and according to the information and explanations given to us, the Company hascomplied with the provisions of Section 185 and 1BO of the Act, in respect of the loans given,investments made, securities provided and guarantee given.

The Company has not accepted any deposits from the public within the meaning of Sections 731o76of the Act and the rules framed there under.

vi. As per the information and explanations given by the management, maintenance of cost recordsprescribed by Central Government under sub-section (1) of Section 148 of the Act, is not applicableto the Company.

vil. (a) According to the information and explanations given to us and on the basis of our examinationof the records of the Company, undisputed statutory dues including provident fund, income-tax,sales tax, service tax, duty of customs, duty of excise, value added tax, cess, goods and servicetax and other material statutory dues have generally been regularly deposited during the year bythe Company with the appropriate authorities.

According to the information and explanations given to us, no undisputed amounts payable inrespect of provident fund, income{ax, sales tax, service tax, duty of customs, duty of excise,value added tax, cess, goods and service tax and other material statutory dues were in arrearsas at March 31,2019 for a period of more than six months from the date they became payable,except Electricity Generation Tax as mentioned below:

iv

V

Page 519



Ramnaga4 Colmbatore - 641009\. u22-2231.41.6w pknagarajanandco@gmai[.com

@ www.pknandco.in

tx

vilt

xt

xil

Name of the Statute Nature of dues Amount(Rs. ln lakhs)

Period to which theamount relates

The Tamil Nadu Taxon Consumption orSale of Electricity

Act,2003

ElectricityGeneration Tax

95.45 31103120171o30/09/2018

(b) According to the information and explanations given to us and the records of the Companyexamined by us, there are no dues of sales tax, service tax, duty of excise, duty of customs andvalue added tax, which have not been deposited on account of any dispute. The particulars ofdues of income tax as at March 31 ,2019, which have not been deposited on account of dispute,are as follows:

Name of theStatute

Naturedues

of Amount(Rs. ln lakhs)

Period to whichthe amountrelates

Forum where theamount is pending

The lncome TaxAct, 1961

lncome Tax 124.81 AY:2012-13 Commissioner oflncome Tax(Appeals),Coimbatore

ln our opinion and according to the information and explanations given to us, the Company has notdefaulted in repayrnent of loans taken from banks, financial institutions or debenture holders. TheCompany does not have any loans or bonowings from Government.

According to the information and explanations given to us and based on examination of records ofthe Company, the term loans obtained during the year were applied for the purposes for which theywere obtained. The Company has not raised any money by way of initial public offer or further publicoffer (including debt instruments) during the year. Accordingly, the provisions of paragraph 3(ix) ofthe Order are not applicable to the company.

According to the information and explanations given to us, no material fraud by the Company or onthe Company by its officers or employees has been noticed or reported during the course of oui audit.

According to the information and explanations given to us and based on our examination of therecords of the Company, the Company has paid/provided any managerial remuneration with requisiteapprovals mandated by the provisions of section 197 read with Schedule V to the Act.

ln our opinion and according to the information and explanations given to us, the Company is not aNidhi company. Accordingly, paragraph 3(xii) of the Order is not appticable.

According to the information and explanations given to us and based on our examination of therecords of the Company, transactions with the related parties are in compliance with sections 177and 188 of the Act. The details of such transactions have been disclosed in the financial statementsas required by the applicable accounting standards.

x.

xI

the year under review, the Company has not made any preferential allotment or privateent of shares or fully or partly convertible debentures.

xiv. During

Page 619


rE#-FE-


Ramnagar; Coimbatore - 641 009\ 0422-2231.4L6

w [email protected]

@ www.pknandco.in

xv. According to the information and explanations given to us and based on our examination of therecords of the Company, the Company has not entered into non-cash transactions with directors orpersons connected with him. Accordingly, paragraph 3(xv) of the Order is not applicable.

xvi' The Company is not required to be registered under section 45-lA of the Reserve Bank of lndia Act1934. Accordingly, paragraph 3(xvi) of the Order is not appticabte.



Firm Registration Number: 01 66765

P

Membership NumPartner025679

UDIN: 1 9025679AAAAAP497 6

Page 719



Ramnaga4 Coimbatore - 641 009\ 0422-223L4L6w pknagarajanandco@gmai[.com

@ www.pknandco.in

Annexure - B to the lndependent Auditor's ReportReferred to in paragraph 17(f) of the I ndependent Auditors' Report of even date to the members of A B TLimited on the standalone financial statements for the year ended March g1,2o1g

Report on the lnternal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of theCompanies Act, 2013 ("the Act")1. We have audited the internalfinancialcontrols overfinancial reporting of A B T Limited ("the Company'')

as of March 31, 2019 in conjunction with our audit of the standalone financial statements of theCompany for the year ended on that date.

Management's Responsibility for lnternal Financiat Controls2. 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 consideringthe essential components of internal control stated in the Guidance Note on Audit of lntemal FinancialControls over Financial Reporting issued by the lnstitute of Chartered Accountants of lndia ('lCAl').These responsibilities include the design, implementation and maintenance of adequate internalfinancial controls that were operating effectively for ensuring the orderly and efficient conduct of itsbusiness, including adherence to company's policies, the safeguarding of its assets, the preventionand detection of frauds and errors, the accuracy and completeness of the accounting records, and thetimely preparation of reliable financial information, as required under the Act.

Auditors' Responsibi! ity3. 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 Auditof lnternal Financial Controls over Financial Reporting (the "Guidance Note") and the Standards onAuditing, issued by lCAl and deemed to be prescribed under section 143(10) of the Act, to the extentapplicable to an audit of internal financial controls, both applicable to an audit of lnternal FinancialControls and, both issued by the lCAl. Those Standards and the Guidance Note require that we complywith ethical requirements and plan and perform the audit to obtain reasonable assurance aboutwhether adequate internal financial controls over financial reporting was established and maintainedand if such controls operated effectively in all material respects.

4. Our audit involves performing procedures to obtain audit evidence about the adequacy of the internalfinancial controls system over financial reporting and their operating effectiveness. Our audit of internalfinancial controls over financial reporting included obtaining an understanding of internal financialcontrols over financial reporting, assessing the risk that a material weakness exists, and testing andevaluating the design and operating effectiveness of internalcontrol based on the assessed risk. Theprocedures selected depend on the auditor's judgment, including the assessment of the risks ofmaterial misstatement of the financial statements, whether due to fraud or enor.

5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basisfor our audit opinion on the Company's internal financial controls slatem ovei financiai reporting.

Meaning of lnternal Financial Controls over Financial Reporting6. 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 financialstatements for external purposes in accordance with generally accepted accounting principles. Acompany's internal financial control over financial reporting includes those policies and proceduresthat:

pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect thetransactions and dispositions of the assets of the company;

rr.o

,,q

4

vI

AJ

rC E.T

(a)

Page 819



Ramnagar; Coimbatore - 6410091.0422-223t4t6w [email protected]

@ www.pknandco.in

(b) provide reasonable assurance that transactions are recorded as necessary to permit preparationof financial statements in accordance with generally accepted accounting piinciples, and thatreceipts and expenditures of the company are being made only in accordance with iuthorizationsof management and directors of the company; and

provide reasonable assurance regarding prevention or timely detection of unauthorizedacquisition, use, or disposition of the company's assets that could have a material effect on thefinancial statements.

(c)

lnherent Limitations of lnternal Financial Controls Over Financial Reporting7. Because of the inherent limitations of internal financial controls over financiil reporting, including the

possibility of collusion or improper management ovenide of controls, material misstatements due toerrororfraud mayoccurand notbedetected.Also, projectionsof anyevaluation of the internalfinancialcontrols over financial reporting to future periods are subject to the risk that the internal financial controlover financial reporting may become inadequate because of changes in conditions, or that the degreeof compliance with the policies or procedures may deteriorate.

Opinion8. ln 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 wereoperating effectively as at March 31 ,2019, based on the internal control over financial reportingLriteriaestablished by the Company considering the essential components of intemal controi stated in theGuidance Note on Audit of lnternal Financial Controls Over Financial Reporting issued by the lnstituteof Chartered Accountants of lndia.



Firm Registrarr**^

,rWPartner

Membership Number: 025679UDIN: 1 9025679AAAAAP4976

Page 919

rlarABT LIMITED

Notes Forming Part of Standalone Financial Statements as at 31.03.2019

NOTE NO - 1: SIGNIFICANT ACCOUNTING POIICIES

Corporate I nformation:The company was founded in 1931 and is based in Coimbatore, lndia. The Company

provides passenger transportation services; provides parcel services through a fleet of

trucks primarily in Tamil Nadu, Pondicherry, Kerala, Karnataka, Andhra Pradesh,

Maharashtra, Goa, and Gujarat, lndia; provides lT solutions to various business houses;

deals in Bharat Petroleum products in Coimbatore, lndia; operates as a Maruti car dealer

with showrooms and workshops in Tamil Nadu; and operates wind mills. lt also provides

customized services to clients in courier and cargo segments.

Significant Accounting Policies:1.1 Basis of Preparation and Presentation:

These financial statements are the separate financial statements of the Company (also

called standalone financial statements) prepared in accordance with lndian Accounting

Standards ('lnd AS') notified under Section 133 of the Companies Act, 2013, read together

with the Companies (lndian Accounting Standards) Rules, 2015.

These financial statements have been prepared and presented under the historical cost

convention, on the accrual basis of accounting except for certain financial assets and

financial liabilities that are measured at fair values at the end of each reporting period, as

stated in the accounting policies set out below. The accounting policies have been applied

consistently over all the periods presented in these financial statements.

1.2 Current/Non-Current Classification:The Company presents assets and liabilities in the balance sheet based on current / non-

cu rrent classification.

(a) An asset is treated as current when it is:

i. Expected to be realised or intended to be sold or consumed in normal operating

cycle, or

ii. Expected to be realised within twelve months after the reporting period, or

iii. Cash or cash equivalent unless restricted from being exchanged or used to settle

a liability for at least twelve months after the reporting period

iv. Held primarily for the purpose of trading

All other assets are classified as non-current.

(b) A liability is current when:

i. lt is expected to be settled in normaloperating cycle

ii. lt is due to be settled within twelve months after the reporting period, or

iii. There is no unconditional right to defer the settlement of the liability for at least

twelve months after the reporting period, or

iv. Held primarily for the purpose of trading

All other liabilities are classified as non-current.

ABT IIMITEDNotes Forming Part of Standalone Financial Statements as at 31.03.2019

Deferred tax assets and liabilities are classified as non-current assets and liabilities.

The operating cycle is the time between the acquisition of assets for processing and theirrealization in cash and cash equivalents. The Company has identified twelve months as its

operating cycle.

1.3 Use of EstimatesThe preparation of the financial statements in conformity with lnd AS requires theManagement to make judgements, estimates and assumptions considered in the reported

amounts of assets and liabilities (including contingent liabilities) as of the date of the

financial statements and the reported income and expenses like provision for employee

benefits, provision for doubtful trade receivables/advances/contingencies, provision forwarranties, allowance for slow/non-moving inventories, useful life of Property, Plant and

Equipment, provision for taxation, etc., during the reporting year. The Management

believes that the estimates used in the preparation of the financial statements are prudent

and reasonable. Future results may vary from these estimates.

The estimates and judgements used in the preparation of the financial statements arecontinuously evaluated by the Company and are based on historical experience andvarious other assumptions and factors (including expectations of future events) that theCompany believes to be reasonable under the existing circumstances. Differences betweenactual results and estimates are recognised in the period in which the results areknown/materialised.

The said estimates are based on the facts and events, that existed as at the reporting date,or that occurred after that date but provide additional evidence about conditions existingas at the reporting date.

1.4 lnventory:lnventories of stores and stock-in-trade are valued at lower of cost or net realizable value.

Cost of inventories of stores is arrived on weighted average basis and it includes all direct

costs and applicable over heads to bring the goods to the present location and condition.

Cost of inventories of stock-in-trade of vehicles is determined using specific identificationmethod.

Stock of Stores and work in progress are valued at cost or estimated cost.

1.5 Property, Plant and Equipment:Property, Plant and Equipment assets are carried at cost net of tax / duty credit availed less

accumulated depreciation and accumulated impairment losses, if any. Cost includes

expenditure that is directly attributable to the acquisition of the items.

ABT TIMITEDNotes Forming Pan of Standalone Financial Statements as at 31.03.2019

Historical cost includes taxes, duties, freight, insurance etc., attributable to acquisition and

installation of assets and borrowing cost incurred up to the date of commencing

operations but excludes duties and taxes that are recoverable from taxing authorities.lndirect expenses during construction period, which are required to bring the asset in thecondition for its intended use by the management and are directly attributable to bringing

the asset to its position, are also capitalized.

Subsequent costs are included in the asset's carrying amount or recognized as a separate

asset, as appropriate, only when it is probable that future economic benefits associated

with the item will flow to the Company and the cost of the item can be measured reliably.

The carrying amount of any component accounted for as a separate asset is derecognized

when replaced. All other repairs and maintenance are charged to the Statement of Profitand Loss during the reporting period in which they are incurred.

Assets which are not ready for their intended use and Capital work-in-progress are carried

at cost comprising direct cost, related incidental expenses and attributable interest.

Depreciation: Depreciation on Property, Plant and Equipment is provided on the straight-line method over the useful life in the manner prescribed in the Schedule ll of theCompanies Act 2013.

Depreciation on addition to assets or on sale/discardment of assets, is calculated on pro-rata from the month of such addition or up to the month of such sale/discardment, as thecase may be.

Leasehold improvements are depreciated on straight line basis over the lease period

De-recognition: An item of property, plant and equipment is derecognised upon disposal

or when no future economic benefits are expected to arise from the continued use ofasset.

Gains and losses on disposals or retirement of assets are determined by comparing

proceeds with carryinB amount. These are recognized in the Statement of Profit and Loss.

1.5 !ntangible assetsMeasurement at recognition: lntangible assets acquired separately are measured on initialrecognition at cost. lntangible assets arising on acquisition of business are measured at fairvalue as at date of acquisition. lnternally generated intangibles including research cost are

not capitalized and the related expenditure is recognized in the Statement of Profit and

Loss in the period in which the expenditure is incurred. Following initial recognition,

intangible assets are carried at cost less accumulated amortization and accumulated

impairment loss, if any.

NotesABT TIMITED

Part of Standalone Financial Statements as at 31.03.2019

Amortization: lntangible Assets with finite lives are amortized on a Straight-Line basis over

the estimated useful economic life. The amortization expense on intangible assets withfinite lives is recognized in the Statement of Profit and Loss. The amortization period and

the amortization method for an intangible asset with finite useful life is reviewed at the

end of each financial year. lf any of these expectations differ from previous estimates, such

change is accounted for as a change in an accounting estimate.

De-recognition: The carrying amount of an intangible asset is derecognized on disposal orwhen no future economic benefits are expected from its use or disposal. The gain or loss

arising from the De-recognition of an intangible asset is measured as the difference

between the net disposal proceeds and the carrying amount of the intangible asset and is

recognized in the Statement of Profit and Loss when the asset is derecognized.

1.7 Revenue Recognition:The Company adopted lnd AS 115 Revenue from Contracts with Customers, using themodified retrospective method of adoption with the date of initial application of April,Ol20L8.

The Company elected to apply this standard to all the contracts as at April 01, 2018. The

effect of adoption of lnd AS 115 on the Financial Statement is not material.

Revenue is measured at the fair value of the consideration received or receivable. Revenue

is reduced for estimated customer returns, rebates and other similar allowances.

a) Sale of goods:

Revenue from the sale of goods is recognized when the goods are dispatched or

appropriated in accordance with the terms of sale at which time the title and significant

risks and rewards of ownership pass to the customer. Revenue is recognized when

collectability of the resulting receivable is reasonably assured. Revenue is inclusive of

excise duty and is reduced for estimated customer returns, commissions, rebates and

discounts, and other similar allowances.

lncome from Power generation is recognized as per the terms of Power Purchase

Agreements and on supply of power to the grid.

b) Rendering of services:Revenue from services is recognised when the services are rendered in accordance with

the specific terms of contract and when collectability of the resulting receivable is

reasonably assured.

ABT LIMITED


c) Other Operating Revenues:Other operating revenues comprise of income from ancillary activities incidental to the

operations of the Company and is recognised when the right to receive the income is

established as per the terms of the contract.

d) Dividend and interest income:Dividend income from investments is recognised when the shareholder's right toreceive payment has been established (provided that it is probable that the economic

benefits will flow to the company and the amount of income can be measured reliably),

lnterest income from a financial asset is recognised when it is probable that the

economic benefits will flow to the company and the amount of income can be

measured reliably. lnterest income is accrued on a time basis, by reference to the

principal outstanding and at the effective interest rate applicable, which is the rate that

exactly discounts estimated future cash receipts through the expected life of the

financial asset to that asset's net carrying amount on initial recognition.

a) lnsurance Claims:lnsurance claims are accounted for on the basis of claims admitted/ expected to be

admitted and to the extent that the amount recoverable can be measured reliably and

it is reasonable to expect ultimate collection.

b) Rentallncome:Rental income arising from operating leases is accounted for on a straight-line basis

over the lease terms and is included in revenue in the statement of profit or loss due to

its operating nature.

1.8 Foreign Currency transactions:On initial recognition, transactions in foreign currencies entered into by the Company are

recorded in the functional currency (i.e. lndian Rupees), by applying to the foreign currency

amount, the spot exchange rate between the functional currency and the foreign currency

at the date of the transaction. Exchange differences arising on foreign exchange

transactions settled during the year are recognized in the Statement of Profit and Loss.

Foreign currency monetary items of the Company are translated at the closing exchange

rates. Non-monetary items that are measured at historical cost in a foreign currency, are

translated using the exchange rate at the date of the transaction. Non-monetary items that

are measured at fair value in a foreign currency, are translated using the exchange rates at

the date when the fair value is measured.

Exchange differences arising out of these translations are recognized in the Statement of

Profit and Loss.

ABT LIMITED


1.9 Employee Benefits:a) Short Term Employee Benefits

All employee benefits payable wholly within twelve months of rendering the service

are classified as short-term employee benefits and they are recognized in the period in

which the employee renders the related service. The Company recognizes the

undiscounted amount of short term employee benefits expected to be paid inexchange for services rendered as a liability (accrued expense) after deducting any

amount already paid.

b) Post-EmploymentBenefits:if Defined Contribution plans:

Defined contribution plans are Provident Fund, Employee State lnsurance scheme

for all applicable employees and superannuation scheme for eligible employees.

Recognition and measurement of defined contribution plans:

The Company recognizes contribution payable to a defined contribution plan as an

expense in the Statement of Profit and Loss when the employees render services

to the Company during the reporting period. lf the contribution payable for

services received from employees before the reporting date exceeds the

contributions already paid, the deficit payable is recognized as a liability after

deducting the contribution already paid. lf the contribution already paid exceeds

the contribution due for services received before the reporting date, the excess is

recognized as an asset to the extent that the prepayment will lead to, for example,

a reduction in future payments or a cash refund.

iil Defined Benefit plans

Gratuity: Liabilities with regard to the gratuity benefits payable in future are

determined by actuarial valuation at each Balance Sheet date. Actuarial gains and

losses arising from changes in actuarial assumptions are recognized in other

comprehensive income and shall not be reclassified to the Statement of Profit and

Loss in a subsequent period.

1.10 Segment Reporting

Operating segments are reported in a manner consistent with the internal reportingprovided to the Chief Operating Decision Maker ('CODM') of the Company. The CODM is

responsible for allocating resources and assessing performance of the operating segmentsof the Company.

1.11 Government GrantsGovernment grants are not recognised until there is reasonable assurance that the

company will comply with the conditions attaching to them and that the grants will be

received.

ABT TIMITED

Notes Forming Part of Standalone Financiat Statements as at 31.03.2019

Government grants are recognised in profit or loss on a systematic basis over the periods

in which the company recognises as expenses the related costs for which the grants are

intended to compensate. Specifically, government grants whose primary condition is thatthe company should purchase, construct or otherwise acquire non-current assets are

recognised as deferred revenue in the balance sheet and transferred to profit or loss on a

systematic and rational basis over the useful lives of the related assets.

Government grants that are receivable as compensation for expenses or losses already

incurred or for the purpose of giving immediate financial support to the company with no

future related costs are recognised in profit or loss in the period in which they become

receivable.

ln respect of government loans at below-market rate of interest existing on the date of

transition, the Company has availed the optional exemption under lnd AS 101 - First Time

Adoption and has not recognised the corresponding benefit of the government loan at

below-market interest rate as Government grant.

1.12 lncome Taxes

The income tax expense or credit for the period is the tax payable on the current period's

taxable income based on the applicable income tax rate for each jurisdiction adjusted by

the changes in deferred tax assets and liabilities attributable to temporary differences and

to unused tax losses.

Current Tax

The current income tax charge is calculated on the basis of the tax laws enacted or

substantively enacted at the end of the reporting period. Management periodically

evaluates positions taken in tax returns with respect to situations in which applicable tax

regulation is subject to interpretation. lt establishes provisions where appropriate on the

basis of amounts expected to be paid to the tax authorities.

Deferred Tax

Deferred income tax is provided in full, using the Balance Sheet method, on temporarydifferences arising between the tax bases of assets and liabilities and their carryingamounts in the financial statements. Deferred income tax is determined using tax rates(and laws) that have been enacted or substantially enacted by the end of the reportingperiod and are expected to apply when the related deferred income tax asset is realised,or the deferred income tax liability is settled.

Deferred tax assets are recognised for all deductible temporary differences and unusedtax losses only if it is probable that future taxable amounts will be available to utilisethose temporary differences and losses.

Deferred tax assets and liabilities are offset when there is a legally enforceable right tooffset current tax assets and liabilities and when the deferred tax balances relate to the

Notes FormiABT LIMITED

Part of Standalone Financial Statements as at 31.03.2019

same taxation authority. Current tax assets and tax liabilities are offset where the entityhas a legally enforceable right to offset and intends either to settle on a net basis, or torealise the asset and settle the liability simultaneously.

Deferred tax assets include Minimum Alternative Tax (MAT) paid in accordance with thetax laws in lndia, which is likely to give future economic benefits in the form of availabilityof set off against future income tax liability. Accordingly, MAT is recognised as deferred taxasset in the balance sheet when the asset can be measured reliably, and it is probable thatthe future economic benefit associated with the asset will be realised.

Presentation of Current and Deferred Tax:

Current and deferred tax are recognized as income or an expense in the Statement ofProfit and Loss, except when they relate to items that are recognized in OtherComprehensive lncome, in which case, the current and deferred tax income/expense are

recognized in Other Comprehensive lncome.

The Company offsets current tax assets and current tax liabilities, where it has a legally

enforceable right to set off the recognized amounts and where it intends either to settle ona net basis, or to realize the asset and settle the liability simultaneously. ln case of deferredtax assets and deferred tax liabilities, the same are offset if the Company has a legallyenforceable right to set off corresponding current tax assets against current tax liabilitiesand the deferred tax assets and deferred tax liabilities relate to income taxes levied by thesame tax authority on the Company.

Minimum Alternative Tax (MAT) credit, which is equal to the excess of MAT (calculated in

accordance with provisions of Section 115J8 of the lncome tax Act, 1961) over normalincome-tax is recognized as an item in deferred tax asset by crediting the Statement ofProfit and Loss only when and to the extent there is convincing evidence that the Companywill be able to avail the said credit against normal tax payable during the period of fifteensucceeding assessment years.

1.13 Earnings per shareBasic earnings per share is computed by dividing net income by the weighted average

number of common shares outstanding. Diluted earnings per share is computed by

dividing income available to shareholders and assumed conversion by the weighted

average number of common shares and potential common shares from outstanding stock

options.

l.t4 lmpairment of AssetsThe carrying values of assets/cash generating units are reviewed at each Balance Sheet

date to determine whether there is any indication of impairment of the carrying amount

of the Company's assets. lf any indication exists, an asset's recoverable amount is

estimated. An impairment loss is recognised whenever the carrying amount of the asset

exceeds the recoverable amount. The recoverable amount is the greater of the net selling

price and their value in use. Value in use is arrived at by discounting the future cash flows

to their present value based on an appropriate discount factor. When there is indication

ABT LIMITED

Notes Forming Part of Standalone Financia! Statements as at 31.03.2019

that an impairment loss recognised for an asset in earlier accounting periods no longer

exists or may have decreased such reversal of impairment loss is recognised in the

Statement of Profit and Loss.

1.15 Provisions and ContingenciesThe company recognizes provisions when a present obligation (legal or constructive) as a

result of a past ev€nt exists and it is probable that an outflow of resources embodying

economic benefits will be required to settle such obligation and the amount of such

obligation can be reliably estimated.

lf the effect of time value of money is material, provisions are discounted using a current

pre-tax rate that reflects, when appropriate, the risks specific to the liability. When

discounting is used, the increase in the provision due to the passage of time is recognized

as a finance cost.

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 probable that an outflow of resources will not be required to settle the

obligation. However, if the possibility of outflow of resources, arising out of present

obligation, is remote, it is not even disclosed as contingent liability.

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 notes to financial

statements. A Contingent asset is not recognized in financial statements, however, the

same is disclosed where an inflow of economic benefit is probable.

1.15 Leases

a) Company as Lessee

The Company's significant leasing arrangements are in respect of operating leases for

premises that are cancellable in nature. The lease rentals under such agreements are

recognised in the Statement of Profit and Loss as per the terms of the lease.

Rental expense from operating leases is generally recognised on a straight-line basis over

the term of the relevant lease or based on the time pattern of user benefit basis. Where

the rentals are structured solely to increase in line with expected general inflation to

compensate for the lessor's expected inflationary cost increases, such increases are

recognised in the year in which such benefits accrue. Contingent rentals arising under

operating leases are recognised as an expense in the period in which they are incurred.

ABT TIMITEDNotes Forming Part of Standalone Financial Statements as at 31.03.2019

ln the event that lease incentives are received to enter into operating leases, such

incentives are recognised as a liability. The aggregate benefit of incentives is recognised

as a reduction of rental expense on a straight-line basis, except where another systematicbasis is more representative of the time pattern in which economic benefits from theleased asset are consumed.

b) Company as LessorThe Company's significant leasing arrangements are in respect of operating leases forpremises that are cancellable in nature. The lease rentals under such agreements are

recognised in the Statement of Profit and Loss as per the terms of the lease. Rental

income from operating leases is generally recognised on a straight-line basis over theterm of the relevant lease. Where the rentals are structured solely to increase in line withexpected general inflation to compensate for the Company's expected inflationary cost

increases, such increases are recognised in the year in which such benefits accrue. lnitial

direct costs incurred in negotiating and arranging an operating lease are added to thecarrying amount of the leased asset and recognised on a straight-line basis over the lease

term.

1.17 Borrowing CostsBorrowing cost includes interest, amortisation of ancillary cost incurred in connection

with the arrangement of borrowings and the exchange differences arising from foreign

currency borrowings to the extent they are regarded as an adjustment to the interestcost. General and specific borrowing costs that are directly attributable to the acquisition,

construction or production of a qualifying asset are capitalized during the period of timethat is required to complete and prepare the asset for its intended use or sale. Qualifyingassets are assets that necessarily take a substantial period of time to get ready for theirintended use or sale.

lnvestment income earned on the temporary investment of specific borrowings pendingtheir expenditure on qualifying assets is deducted from the borrowing costs eligible forcapitalization. Other borrowing costs are expensed in the period in which they areincurred.

1.18 Financial lnstrumentFinancial assets and financial liabilities are recognised when an entity becomes a party tothe contractual provisions of the instrument.

Financial assets and financial liabilities are initially measured at fair value. Transaction

costs that are directly attributable to the acquisition or issue of financial assets and

financial liabilities (other than financial assets and financial liabilities at fair value throughStatement of Profit and Loss) are added to or deducted from the fair value of the financial

assets or financial liabilities, as appropriate, on initial recognition. Transaction costs

ABT TIMITEDNotes Forming Part of standalone Financia! statements as at 31.03.2019

directly attributable to the acquisition of financial assets or financial liabilities at fair valuethrough Profit and Loss are recognised immediately in Statement of profit and Loss.

a) Fair Value MeasurementThe Company measures financial instruments, such as, investments at fair value at eachbalance sheet date.

Fair value is the price that would be received to sell an asset or paid to transfer a liabilityin an orderly transaction between market participants at the measurement date. The fairvalue measurement is based on the presumption that the transaction to sell the asset ortransfer the liability takes place either:

i) ln the principal market for the asset or liability, orii) ln the absence of a principal market, in the most advantageous market for the asset

or liability

The fair value of an asset or a liability is measured using the assumptions that marketparticipants would use when pricing the asset or liability, assuming that marketparticipants act in their best economic interest.

A fair value measurement of a non-financial asset takes into account a marketparticipant's ability to generate economic benefits by using the asset in its highest andbest use or by selling it to another market participant that would use the asset in itshighest and best use.

The Company uses valuation techniques that are appropriate in the circumstances andfor which sufficient data are available to measure fair value, maximising the use ofrelevant observable inputs and minimising the use of unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the financialstatements are categorised within the fair value hierarchy, described as follows, based onthe lowest level input that is significant to the fair value measurement as a whole:

i) Level 1 - Quoted (unadjusted) market prices in active markets for identical assets orliabilities

ii) Level 2 - Valuation techniques for which the lowest level input that is significant tothe fair value measurement is directly or indirectly observable

iii) Level 3 - Valuation techniques for which the lowest level input that is significant tothe fair value measurement is unobservable.

r

ABT TIMITEDNotes Forming Part of standalone Financial statements as at 31.03.2019

For assets and liabilities that are recognised in the financiat statements on a recurringbasis, the Company determines whether transfers have occurred between levels in thehierarchy by re-assessing categorisation (based on the lowest level input that is significantto the fair value measurement as a whole) at the end of each reporting period.

For the purpose of fair value disclosures, the Company has determined classes of assetsand liabilities on the basis of the nature, characteristics and risks of the asset or liabilityand the level of the fair value hierarchy as explained above.

When the fair values of financials assets and financial liabilities recorded in the BalanceSheet cannot be measured based on quoted prices in active markets, their fair value is

measured using valuation techniques, including the discounted cash flow model, whichinvolve various judgements and assumptions.

b) FinancialAssetsi) lnitial recognition and measurement

Allfinancial assets are recognised initially at fair value plus, in the case of financialassets not recorded at fair value through profit or loss, transaction costs that areattributable to the acquisition of the financial asset.

ii) SubsequentmeasurementFor purposes of subsequent measurement: Debt instruments are measured atamortised cost.

iiil De-recognitionA financial asset (or, where applicable, a part of a financial asset or part of a groupof similar financial assets) is derecognised primarily when:(a). The rights to receive cash flows from the asset have expired, or(b). The Company has transferred substantially all the risks and rewards of the

asset

iv) lmpairment of Financial Assetsln accordance with lnd-AS 109, the Company applies expected credit loss (ECL)

model for measurement and recognition of impairment loss on the financial assets

and credit risk exposure that are debt instruments, and are measured atamortised cost e.9., loans, debt securities, deposits, trade receivables and bankbalance.

The company follows 'simplified approach' for recognition of impairment loss

allowance on Trade receivables.


The application of simplified approach does not require the company to trackchanges in credit risk. Rather, it recognises impairment loss allowance based onlifetime ECLs at each reporting date, right from its initial recognition

Lifetime ECL are the expected credit losses resulting from all possible defaultevents over the expected life of a financial instrument. ECL is the differencebetween all contractual cash flows that are due to the Company in accordancewith the contract and all the cash flows that the Company expects to receive,discounted at the original ElR. when estimating the cash flows, an entity is

required to consider:

(a). All contractual terms of the financial instrument (including prepayment,extension, call and similar options) over the expected life of the financialinstrument. However, in rare cases when the expected life of the financialinstrument cannot be estimated reliably, then the entity is required to use

the remaining contractual term of the financial instrument.

(b). Cash flows from the sale of collateral held or other credit enhancements thatare integral to the contractual terms.

As a practical expedient, the company uses a provision matrix to determineimpairment loss allowance on portfolio of its trade receivables. The provisionmatrix is based on its historically observed default rates over the expected life ofthe trade receivables and is adjusted for forward-looking estimates. At everyreporting date, the historical observed default rates are updated and changes inthe forward-looking estimates are analysed.

ECL impairment loss allowance (or reversal) recognized during the period is

recognized as income/ expense in the Statement of Profit and Loss (P&L). Thisamount is reflected under the head 'other expenses' in the Statement of Profitand Losses. The Balance Sheet presentation for various financial instruments is

that in the case of Financial assets measured as at amortised cost, ECL is presentedas an allowance, i.e., as an integral part of the measurement of those assets in theBalance Sheet. The allowance reduces the net carrying amount. Until the assetmeets write-off criteria, the group does not reduce impairment allowance fromthe gross carrying amount.

For assessing increase in credit risk and impairment loss, the Company combinesfinancial instruments on the basis of shared credit risk characteristics with theobjective of facilitating an analysis that is designed to enable significant increasesin credit risk to be identified on a timely basis.

ABT LIMITEDNotes Forming Part of standalone Financial statements as at 31.03.2019

c) FinancialLiabilitiesi) lnitial recognition and measurement

All financial liabilities are recognised initially at fair value and, in the case of loansand borrowings and payables, net of directly attributable transaction costs. TheCompany's financial liabilities include trade and other payables.

ii) SubsequentmeasurementFinancial liabilities designated upon initial recognition at fair value through profitor loss are designated as such at the initial date of recognition, and only if thecriteria in lnd AS 109 are satisfied. For liabilities designated as F\rrpL, fair valuegains / losses attributable to changes in own credit risks are recognized in OCl.These gains/ losses are not subsequently transferred to P&1. However, theCompany may transfer the cumulative gain or loss within equity. All other changesin fair value of such liability are recognised in the statement of profit or loss.

iii) De-recognitionA financial liability is derecognised when the obligation under the liability is

discharged or cancelled or expires. When an existing financial liability is replacedby another from the same lender on substantially different terms, or the terms ofan existing liability are substantially modified, such an exchange or modification is

treated as the de-recognition of the original liability and the recognition of a newliability. The difference in the respective carrying amounts is recognised in thestatement of profit or loss.

1.19 lnvestment in subsidiary and Associatelnvestments in subsidiary and associate are recognised at cost as per lnd AS 27.lnvestments are accounted in accordance with IND AS 105 when they are classified as

held for sale. On disposal of investment, the difference between its carrying amount andnet disposal proceeds is charged or credited to the statement of profit and loss

1.20 Events after Reporting dateWhere events occurring after the Balance Sheet date provide evidence of conditions thatexisted at the end of the reporting period, the impact of such events is adjusted withinthe financial statements. Otherwise, events after the Balance Sheet date of material sizeor nature are only disclosed.

1.21 Cash and Cash EquivalentsCash and cash equivalents in the Balance Sheet comprise of cash on hand, demanddeposits with Banks, other short-term, highly liquid investments with original maturitiesof three months or less that are readily convertible to known amounts of cash and whichare subject to an insignificant risk of changes in value.


1.22 Cash flow Statement:Cash flows are reported using the indirect method, whereby profit before tax is adjustedfor the effects of transactions of non-cash nature and any deferrals or accruals of past orfuture cash receipts or payments. The cash flows from operating, investing and financingactivities of the Company are segregated based on the available information.

1.23 Rounding off amountsAll amounts disclosed in the financial statements and notes have been rounded off to thenearest Lakh with two decimals, as per the requirement of Schedule llt, unless otherwisestated.

1.24 Recent accounting pronouncementsStandards issued but not yet effective

ln March 2019, the Ministry of Corporate Affairs (MCA) issued the Companies (lndianAccounting Standards) Amendment Rules, 2019 and the Companies (lndian AccountingStandards) Second Amendment Rules, 2019, notifying new standards and amendments tocertain issued standards. These amendments are applicable to the Company from AprilO!,20L9. The Company will be adopting the below stated new standards and applicableamendments from their respective effective date.

al Ind AS 116, Leases

lnd AS 116 supersedes lnd AS 17, Leases. Under lnd AS LL6, a tessee will recognise aliability to make lease payments (i.e., the lease liability) and an asset representing theright to use the underlying asset during the lease term (i.e., the right of use asset) at thecommencement date of lease. Lessees will be required to separately recognise interestexpense on the lease liability and depreciation expense on the right of use asset. Lessoraccounting under lnd AS 115 remains substantially unchanged from accounting under lndAS 17. lnd AS 116 is effective for annual periods beginning on or after April 01, 2019. Thecompany is in the process of assessing the impact of adoption of rnd As 116.

b) Appendix C, Uncertainty over lncome Tax Treatment to lnd AS 12, lncome TaxesThe Appendix clarifies how to apply the recognition and measurement principtes whilerecognizing current tax, deferred tax, taxable profits (losses), tax bases, unused tax losses,unused tax credits and tax rates when there is uncertainty over tax treatments under lndAS 12' As per the Appendix, the Company needs to assess whether it is probable that atax authority will accept an uncertain tax treatment used or a treatment which is beingproposed to be used in its income tax filings. The Appendix will be applied retrospectivelywith the cumulative effect of its initial application on the opening balance sheet as onApril01, 2019.

The impact of the Appendix on the Financial Statements, as assessed by the Company, isexpected to be not material.

ABT LIMITEDNotes Forming Part of standalone Financial statements as at 31.03.2019

c) Other Amendments (effective from April 01, 2019)o Amendments to lnd AS 19, Employee Benefitso Amendments to lnd AS 23, Borrowing Costso Amendments to lnd AS 109, Financial lnstruments

Effective date for application of these amendments is annual period beginning on or afterApril 01, 2019. Based on preliminary work done, the company does not expect anysignificant impact in its Financial Statements.

oF

c;

F

ts4ci

qo@'N

.1

qao c; d

qq

o,cEoo

.'ioa i:

o nF

.,! a:o

q 4oq

o

E

E_u

o:

.i

q Fo! q

44o

o: oq

@ o

o

=tnI

@qFo

of'l dvl6

@\o6..i

oi

.i

oaood!

F

oq

N

o4

coE4,ro

o

no

4F

o'!ts

cF

No)N

a 4F

ts09

6

F

ooo

EoEc5r.,

EF

q@ts

i.!ts@ci

oc Nt: F.! oqd

c

o

o

d a ..i6

od! q ol

ts@

qo

c

=2EJ

on@

oid!tsots

o:o

09N\d

F4Fts

aosGE

Fio.i

d! tFl

o)

o4 a

4

o)

F

nNod

o!c,o_$s=o

=-t6

@ec-

6lo ui

o!

odl

ts4No.

a d!

nFo

.!o

EEcIo

o:

@

oq6

tsa:

No!

Iq

j

Fdlo

cots\F.,|

o.!oN

.lo.n

!a5

@4oN

c;Fd!@

4oF

qt

4oNqi

c3fIF4a

@

o.Eo

o!

E

o

c.9=!!

!ooo

ooEc

@

cs6

E-9

oAoo!

!,Et

@

o

o

c-9@

ot!

3ooo

ooj

go

E)oE

Ic

E6I

oz

oo

Eo

a3@

@

o

Eo

c!d

Fz

=glc,ozE

6HPROEXE

=:1h6<<zn

EloE

cE

o0

Particulars As at31.03.2019

As at31.03.2018

NOTE NO - 3

NON-CURRENT INVESTMENTS

l. lnvestments in Equity lnstruments

Unquoted Equity Shares

i. Subsidary

ABT Two Wheeler Private Limited (Measured at Cost)

10,000 (31.03.18: 10,000) Shares of Rs.10 each

ii. Other EntitySakthi Auto Component Limited (Measured at Cost)

23,82,680 (3 1.03. 18 : 23,82,6801 Sh a res of Rs. 10

each

Aggregate cost of Unquoted lnvestments

ll. lnvestments in Government Securities -Unquoted

(Measured at Cost)

Bhadratha Social Security Scheme of Governmentof Kerala

Total

lll. lnvestment in Others (Measured at Cost)

ABT Employee.Co-Operative T & C Society Ltd

lV.lnvestment in Partnership firms (Measured at Cost)The Anamallais Retrading CorporationArea 641

Total

TOTAL

1.00

1.,460.33

1.00

1,460.33

L,461.33 1,46L.33

1,451.33 1,461.33

0.15 0.15

0.1s

1.51

2.35

4.50

0.15

1.51

2.3s

4.50

6.85 5.8s

1,469.84 t,469.94


As at31.03.2018

NOTE NO.4

NON-CURRENT LOANS

(Unsecured, Considered good unless other wise stated)

Loans and Advances to related parties

Employee related Loans and advances

Less: Provision for Expected Credit Loss

TOTAL

Security-wise Breakup:

Loans Receivables considered good - Secured

Loans Receivables considered good - Unsecured

Loans Receivables which have significant increase in Credit Risk

Loans Receivables - credit impaired


NOTE NO.5

OTHER NON-CURRENT FINANCIAT ASSETS

Security Deposits

Rental Deposits

TOTAL

250.00

40.79

2s0.00

19.30

290.79 269.30

290.79 269.30

290.79 269.30

290.79 269.30

290.79 259.30

164.03

1,009.03

172.94

921,.99

L,L73.05 1,094.94

ParticularsAs at

31.03.2019

As at31.03.2018

NOTE NO - 5

OTHER NON-CURRENT ASSETS

Capital advances

Sundry Deposits

TOTAL

NOTE NO.7

INVENTORY

(a) Stock ln Trade

Vehicle

Petrol, Lubricants and Spares

(bl Stores and Spares

Materials, Spares and Consumables

(c) Work in Progress

Total

NOTE NO - 8

CURRENT TRADE RECEIVABLES

(Unsecured, Considered good unless other wise stated)

Trade Receivable from Related Parties

Trade Receivables from others


79.94 75.88

81.88 84.78

L61.82 151.55

1,032.38 5,084.99

6,969.07 7,047.67

8,001.45 6,132.60

43.75 82.72

43.75 82.72

95.73 79.37

8,140.93 6,294.70

679.82 709.37

2,1,6'J,.32 1.,ggg.gt

2,841.14 2,699.79

16.34

TOTAL 2,824.80 2,699.78

ParticularsAs at

31.03.2019

As at31.03.2018

Security-wise Breakup:

Trade Receivables considered good - Secured

Trade Receivables considered good - Unsecured

Trade Receivables which have significant increase in Credit Risk

Trade Receivables - credit impaired


NOTE NO.9

cAsH AND CASH EqUTVALENTS

Bank balances in current accounts

Fixed Deposits with maturity of less than three Months

Cash on hand

Stamp on Hand

TOTAL

NOTE NO.10

BANK BALANCES OTHER THAN CASH AND CASH EqUIVATENTS

Balances with Banks for Unclaimed dividend

Margin money /security against borrowings withmaturity more than 3 Months but Less than 12

Months

TOTAL

2,L6L.32 2,699.1,8

76.34

2,777.65

76.34

2,699.18

2,t6t.32 2,599.18

455.28

110.09

285.23

0.34

1,089.54

17.04

288.66

0.32

8s0.94

1,.24

144.74

1,395.65

7.24

147.44

145.98 148.58


As at31.03.2018

NOTE NO - 11

CURRENT TOANS

(Unsecured, Considered good)

Loans and Advances to related parties

Loans and Advances to others



TOTAL

Security-wise Breakup:Loans Receivables considered good - Secured

Loans Receivables considered good - Unsecured

Loans Receivables which have significant increase in Credit Risk

Loans Receivables - credit impaired


TOTAL

NOTE NO.12

OTHER CURRENT FINANCIAL ASSETS

Rental Deposits

lnterest receivable

TOTAL

1.6,749.87 15,518.66

287.57 288.68

32.09 20.91_

L7,069.53 L5,928.24

17,069.53 15,928.24

17,069.53 1,5,928.24

17,069.53 t5,928.24

74.92

4.77

196.49

1.60

79.68 198.09

L7,O69.53 15,928.24


As at31.03.2018

NOTE NO - 13

OTHER CURRENT ASSETS


Prepaid expenses

Claims Receivable

lncome Receivable

Balances with Government authorities

Advance for purchases & others

TOTAL

NOTE NO.14

EqUITY SHARE CAPITAL

Authorised

2,00,000 Equity Shares of Rs.100 each

(2,00,000)

1,00,000 Preference Shares of Rs.100 each(100000)

lssued

1,50,000 Equity Shares of Rs.100 each

(1,50,000)

Subscribed and Paid up1,50,000 Equity Shares of Rs.100 each(1,50,000)

TOTAL

98.49

82.47

1,01,6.43

2.to

193.84

2,737.24

110.00

92.17

534.90

1..67

360.22

7,705.64

150.00

100.00

150.00

100.00

250.00 250.00

1s0.00 150.00

150.00 150.00

150.00 150.00

150.00 150.00

No. of SharesReconciliation of Number of Shares No. of SharesEquity Shares at the beginning ofthe year 1,50,000 1,50,000Add: Shares issued/allotted on preferential basis

Equity Shares at the end of the year 1,50,000 1,50,000

3,530.57 2,904.60

Particulars

Rights, Preferences and Restrictions of each class of Shares

The Company has only one class of equity shares having a face value of Rs.100 each. Each

shareholder is eligible for one vote per share held. Dividend is payable when it is recommended bythe Board of Directors and approved by the Members at the Annual General Meeting. ln the eventof liquidation, the equity shareholders will get the remaining assets of the Company after paymentof all the preferential amounts.

List of Shareholders more than 5% of shares

NOTE NO.15

RESERVES AND SURPLUS

As at31.03.2019

As at31.03.2018

i. General Reserve

Balance As per last Balance sheetAdd:

Transfer from Retained Earnings

Closing Balance

ii. Debentures Redemption Reserve

Balance As per last Balance sheetAdd: Transfer from Retained Earnings

Closing Balance

iii. Retained Earnings

Balance As per last Balance sheetAdd: Profit for the year

Less:

Payment of Dividend

Payment of Tax on Dividend


Transfer to General Reserve

47,556.82 46,056.81

500.00 1,500.00

48,055.82 47,556.81

1,008.15

539.93

573.31

434.84

1,548.08 1,008.15

9.66'J,,792.37

227.32

1,,762.31.

1,202.03 1,989.63

35.66

7.7t

639.93

500.00

37.50

7.63

434.84

1,500.00

1,184.30 L,979.97

As on 31,03.2019 As on 31,03.2018Name of Shareholders

No, of Shares Yo No. of Shares %

M, Manickam 1,16,395 77.6Cto 1,16,395 77,50%

M, Balasubramaniam 9,465 6.31% 9,455 6.3tYo

Closing Balance 17.73 9.65


As at31.03.2018

iv. Other Comprehensive lncomeBalance As per last Balance sheetAddition/Deletion During the year

1.4.79

34.4749.49

(34.70)

Closing Balance 49.27 L4.79

Total[(i]to (iv)l 49,77t.89 49,589.40

Nature & Purpose of Reserves(a) General Reserve

This Reserve is created by an appropriation from one component of equity (generally RetainedEarnings) to another, not being an item of Other Comprehensive lncome. The same can be utilizedin accordance with the provisions of the Companies Act, 2013.

(b) Retained Earnings

Retained earnings are the profits that the company has earned till date, less any transfers togeneral reserve, dividends or other distributions paid to shareholders.

(c ) Debenture Redemption Reserve

The Company is required to create a Debenture Redemption Reserve out of the profits which isavailable for purpose of redemption of debentures.

NOTE NO.16

NON-CURRENT BORROWINGS

(a) Secured Loans

i) Non-Convertible Debentures 4,994.82 3,674.55

ii) Term Loans

From Banks

From Other Parties

Total ofTerm Loans

Total of Secured Loans

(b) Unsecured Loans

Loans from Related parties

8,664.6',J.

1,292.85

8,762.79'J,,199.87

9,957.46 9,962.56

L4,952.28 13,637.21

2,553.91 2,324.69

2,553.91 2,324.69TOTAL L7,506.t9 15,961.90

ParticularsAs at

31.03.2019

As at31.03.2018

A) NoN-CONVERTIBLE DEBENTU RES

B) SECURED LOAN FROI,I

Nature of security Terms of Repayment

Non-Convertible Debentures of Rs.1@0/- each

aggregating to Rs. 6592.30 (March 31, 2018:Rs.t1032.58) are

secured by mortage of unencumbered windmills and the

land belonging to the company.

The tenure of debenture is 36 months with interest rate ofLZYo.

Nature ofsecurity and outstanding Terms of Repavment

It, ferm Loan aggregating to Rs.4255.86 (2018

1Rs.2566.93 (including current maturities) from City

lUnion Bank Ltd are secured by

la, Hypothecation of Machineries, conputers andlother equipnents purchased under these loans.

lb. Exclusive first charge on land and building of theConpa ny situated at Ana nn llai, Nilava ra ppatti(Sa lem), Neelambur (Coimbatore), Vilangudi(Madurai), Perianegannm and Udunnlpet and land atThankkankulam (Madurai) and Pazhavoor (Tirunelveli)

ll.Repayable in LzO installmnts starting from

105.12.2007. Balance Out standing Rs. 0.00 Lakhs

l(2018 Rs.35.23)

l2.Repayable in t2O installrnents starting from

14.11.2008. Balance out standing Rs. 0.00 Lakhs

l(2018 Rs.46.33 Lakhs)

li. Repayable in 120 installrnents starting from

127.03,2008, Balance Out standing Rs. 0,00 Lakhs(2018 Rs.5.87 Lakhs)

4.Repayable in t20 installnBnts starting from28.01.2009. Balance Out standing Rs, 0.00 Lakhs(2018 Rs.50.67 Lakhs)

|

5.Repayable in 120 npnthly installrnents starting froml13,4.2010. Balance Out standing Rs.343.45 Lakhs(2018 Rs.462.83 Lakhs)

6. Repayable from 12 nonthly instanrnts starting from26.10,2017 Rs.293.35 Lakhs (2018 Rs250.00 Lakhs)

7. Repayable in 120 instalnrents starting from2L.02.2020, Balance outstanding Rs.3619.06(2018Rs.1215.00 Lakhs)

Rate of Interest : 2019 - 12.500/o p.a.(2018 -12.550/o p.a.)

2. Term Loan aggregating to Rs.5437.66 Lakhs(2018 Rs.6768.13 Lakhs from Karur Vysya BankLtd is secured prirmrily by Hypothecation ofnnchineries, corputers and other equipnentspurchased under this loans. Collateral Security:Exclusive first charge on land and building of the

lConpany situated at (1) Sidco Industrial Estate,

lKappalur, Madurai (2) l0haveraraghavapuram VillageTirunelveli, (3) Panayakuruchi at Tiruchy (4) Land andtuilding owned by the Anamallais RetradingCorpontion at Chennai (5) Land and B:iHing atPalanzhur Village Chenbannpakkam (TK)Kancheepumm (6) Plant and Machinery atAyyanaruthu Village Tirunelveli Dt.

Particulars

NOTE NO.17

OTHER-NON CURRENT FINANCIAT LIABILITIES

Security Deposits

NOTE NO.18

NON.CURRENT PROVISIONS

Provision for Gratuity

As at31.03.2019

34s.09

As at31.03.2018

338.35

345.09 338.3s

971..92 878.81

Bank Ltd is secured by first charge on the landbelonging to the Vice Chairperson of the Conpany Lakhs (2018 Rs.12.47 Lakhs)

Rate of Interest : 2019 - 12.350/o p,a. (2018-12.350/op.a. )

3,Term Loan aggregating to Rs.Nil (2018 Rs.1Z41,Term loan is repayable in 84 npnthly installnents

rts from 11,08.2010. Balance out standing Rs. 0,00

Lakhs) (including current rmturities) from

4.Term Loan aggregating to Rs.1164.11 (2018 Rs.

1541.38 lakhs) from Kotak ilahindra Bank Ltd is

secured by first charge on the land and buildingsituated at Ukkadam in Coinbatore.

Term loan is repayable in 60 npnthly installnentsstarts from 25.10.2016. Balance out standingRs.1164.11 Lakhs (2018 Rs.1541.38 Lakhs)Rate of Interest : 2019- 14.00o/o p.a, (2018-14.000/op.a. )

S.ferm Loan aggregating to Rs.857.37 (201 l.Term loan is repayable in 120 rmnthly installnrentsRs.700.00 lakhs from Repco Bank Ltd is secured by from 20.03.2018 Balance out standingfirst charge on the land and building situated at Rs.660.26 (2018 Rs.700 Lakhs)Senynadai village at lGrur and Annunkulam property 2,Term loan is repayable in 120 nmnthly installnentsat Avinashi road, Coinbatore starts from 06.12.2018 Balance out standing

Rs.197.11 (2018 Rs.0.00 hkhs)Rate of Interest : 11.500/o p,a

The above loans availed from Banks arc guaranteed by Sri. M Manickam Chairman of the CompanyArmunt of Rs.72,33 Lakhs (2018 Rs.93.15 Lakhs ) relating to deferred expenses towards processings chargesis netted of against loan,

Naturc ofsecurity and outstanding Terms of Repayment

l.Sundaram Finance Ltd : Rs.1339.09 Lakhs (2018-Rs.1091.57 Lakhs) Heavy Vehicles Refinance &Denp Vehicles2. Kotak Mahindra PrirrE Ltd :Rs.77.09 lakhs (2018-Rs.O.00 Lakhs) Denn Vehicles3. Mahindra and Mahindra Financial Services LtdRs.600.59 lakhs (2O18-700.00 lakhs) - secured byland and building at Ooty.

1. Sundram Finance Ltd (a) HP loan repayable in 36installrEnts Rate of interest : 13.50olo p.a.2.Kotak Mahindra prirne ltd - Hp Loans repayable in 60rrpnths Rate of interest 11.50% pa.3.Mahindra and Mahindra Financials services ltd - HPrepayable in 60 rmnths : Rate of interest ]-2.5Oo/o pa.

TOTAL 971.92 878.81


As at31.03.2018

NOTE NO - 19

!NCOME TAXES

Tax expense recognized in the Statement of Profit and Loss

A teconciliation of the income tax expenses to the amount computed by applying the statutory income tax rate tothe profit before income taxes is summarized below:

Particulars Year ended

31.03.2019

Year ended

31,03.2018

(i) lncome Tax recognised in Statement of Profit and Loss

Current tax

Current Tax on taxable income for the year

Total current tax expense

Deferred tax

Deferred Tax Expense/(Savi ngs)

tvlAT Credit (taken)/utilised

Total deferred income tax expense/(benefit)

Total income tax expense

(ii)lncome tax recognised in OtherComprehensive lncome

Deferred Tax

Deferred Tax Expenses on remeasurement of defined benefit plans

860.39 888.09

860.39 888.09

(6.0s) (7e.6s)

138.95

(5.0s) 59.30

854.34

(18.s2)

947.39

18.35


31.03.2019

Year ended

31.03.2018

Enacted income tax rate in lndia applicable to the Company

Profit before tax

Current tax expenses on Profit before tax expenses at the enacted income

Tax etfect of the amounts which are not deductible/(taxable) in calculating

Effect of expenses that are not deductible in determining taxable profit

Effect of expenses that are deductible for tax purpose

Reversal of Deferred tax assets on derecognition oftax lossess

OtherAdjustments

Adjustment in respect of current tax of previous years

Total i ncome tax expense/(Savi ngs)

34.9M%

2,M6.77

715.20

(s3o.07)

385.93

(s.01)

10.01

34.608%

2,709.70

937.77

(s38,3e)

587.84

59.38

(118,43)

(13e,14) (s.62)

854.34 947.39


As at31.03.2018

4sat31,03.2019

4sat31.ts,2018

Deferred tax Lia bilities

TOTAL

7,932.69 7,920.22

1,932.69 L,920.22

Particulan Ealance sheet

01.04.2018

Profit & loss

2018-19

0ct

2018-19

Balance sheet

31.03.2019

Defered tar Liabilities:

Difference between WDV/CWP of PPEas

Total defered tax lhbilities (A)

B, DeferedtaxAsets:

a3B/ a0(a)(ia) Disallowances etc,

Remeasurement benefits of Defined benefit plans

MATCredit Entitlement

Total deferrcd tax asets {B)

Net Defened tax liability (l{etl (A.B}

2,131.19 (42.es) 2,094,20

2,137.L9 (42.eel 2,M,20

224.N

(7.83)

(36,941

(18.s2)

187,86

(26,3s)

216.91 (35.e41 (18.s21 151,51

\en,n (6,05) 1&52 1,932.69

Particulars Ealance sheet

01.04.2017

Profit & Loss

2017.18

0ct

201i-18

Balance sheet

31.03.2018

lo. ***oo*u*',*,r,,Difference between WDV/CWIP of PPE as

Totaldefemd tu lhbiliries (Al

B, DeferedtuAsets:

a3B/ a0(a)(ia) Disallowances etc.

Remeasurement benefits of Defined benefit plans

I\4AT Credit Entitlement

Total defemd tu assets (Bl

l{et Defemd tax liability (iletl (A.B]

2,235.45 (e8.25) 2,137.19

2,235.45 le8,25l 2,137.19

243.4r

(26,le)

138.95

(18,61)

(138.9s)

18.36

224,N

(7.83)

356,17 (1s7,s51 18,36 2t5,91

1879.2e 59.30 18.35 \e20.n


As at31.03.2018

NOTE NO - 20

OTHER NON-CURRENT LIABILITIES

Rental Deposits 53.04 56.84

Retention money 33.01 3L.54

Total 86.05 88.39

NOTE NO - 21

CURRENT BORROWINGS

i) Secured Loans

Loans repayable on demand

From Banks 5,960.56 2,786.92

Total of Secured Loans 5,960.56 2,786.82

ii) Unsecured Loans

From Banks 7,L11.7O 909.37

From Other Parties 3,806.65 7,006.06

Total of Unsecured loans 4,9L8.34 7,9!5.43

TOTAL LO,878.9L 10,702.24

Working Capital loans with limit of Rs.3150lakhs with outstanding balance of Rs.2855.71

takhs (2018- Rs.1184.12lakhs) from City Union Bank are secured by first charge on thestock and Book debts of the Company.

Working Capital loans with limit of Rs.1500lakhs with outstanding balance of Rs.1418.33

!*akhs(2018- Rs.725.82lakhs)fromKarurVysyaBankaresecuredbyfirstchargeonthestock and Book debts ofthe Company.

Working Capital loans with limit of Rs.800lakhs with outstanding balance of Rs.7tG.91l^akhs (2018 - Rs.287.51 lakhs) from Federa! Bank are secured by first charge on the stockand Book debts of the Company.

Working Capital loans with limit of Rs.500lakhs with outstanding balance of Rs.504.84Lakhs (2018- Rs.497.98lakhs) from Axis Bank is secured by first charge onSaint Mary's Roadproperty of Mrs. M. Mariammal.


As at31.03.2018

Working Capital loans with limit of Rs.500lakhs with outstanding balance of Rs.433.5G

takhs (2018 - Rs.91.37lakhs) from Kotak Mahindra Bank is secured by first charge onLand and building of the company situated at Ukkadam coimbatore District.

NOTE NO - 22

TRADE PAYABLE

Due to Micro Small and Medium Enterprises

Due to Others:

Amount due to Related Parties

Other Trade Creditors

TOTAL

NOTE NO.23

OTHER CURRENT FINANCIAL LIABILITIES

Current maturities of long term debts

Current maturities of Non Convertible Debentures

I nter Corporate Deposits

lnterest accrued and due

Unclaimed dividends

Unclaimed matured deposits

Expenses payable

TOTAL

91..02 94.27

7,289.32 7,665.57

1,380.34 L,759.84

3,707.13

1,,597.48

200.00

55.68

1..25

13.80

340.99

3,324.69

358.03

13.8s

1.39

15.45

468.69

5,910.33 4,L82.1O

ParticularsAs at

31.03.2019

As at31.03.2018

NOTE NO - 24

OTHER CURRENT LIABITITIES

Advance from customers

Statutory remittances

Employee related Obligations

Book Overdrafts

Other Liabilities

TOTAL

NOTE NO.25

CURRENT PROVISIONS

Provision for Gratuity

Provision for Compensated absence

TOTAL

NOTE NO - 25

cURRENT TAX LTABTUTTES (NET)

Provision for Taxation ( Net )

TOTAL

5,325.69 6,50L.20

365.99 295.51

L,375.06 1,,542.00

7.23

25.40 21..20

7,099.38 8,359.91

105.55

135.05

188.23

113.33

241.60 301.56

522.83 657.07

s22.83 551.07



31.03.2018NOTE NO - 27

REVENUE FROM OPERATIONS

INCOME

(a) Sale of products

Spare Parts,Petrol,Diesel & Oil

Maruti Vehicles

Miscellaneous ltems

(b) Sale of services

Labour & Service Charges etc.,

Traffic Collections

Freight Collections

Receipts from Windmills

NOTE NO.28

OTHER INCOME

lnterest lncome - Bank Deposits

Gain on Foreign Currency fluctuationlnterest lncome - others

Rent Receipts

Profit on Sale of Fixed Assets

Agricultural lncome

Miscellaneous lncome

Sundry Balance Written - back

NOTE NO.29

COST OF PETROI, DISEAT AND SPARES CONSUMED

Opening Stock

Add : Purchases

Less: Closing Stock

10,729.58

65,844.3L

10.99

4,957.84

L27.86

11,183.90

L,202.97

12,303.60

62,404.23

3,818.01

105.53

11,455.73

1,545.88

Total

Total

Total

23.98

2,760.67

144.24

0.19

51.11

683.52

13.61

0.40

2,21,1,.04

22.53

57.19

0.33

L47.97

848.L7

94,057.45 9!,642.98

3,063.71 3,301.23

158.04

2,097.10

98.02

3,21,6.15

2,255.14 3,3t4.16

130.87 158.04

2,L24.26 3,L55.12


31.03.2019NOTE NO.30

PURCHASE OF STOCK IN TRADE

HSD, Petrol & Oil etc.,Spare parts

Maruti Vehicles

NOTE NO.31

CHANGES IN INVENTORIES OF GOODS, WORK !N

PROGRESS & STOCK IN TRADE

OPENING STOCK

Spare parts,Petrol,Diesel & Oil

MarutiVehiclesWork in progress

CTOSING STOCK

Spare parts,Petrol,Diesel & Oil

MarutiVehiclesWork in progress

NOTE NO.32

EMPIOYEES' BENEFIT EXPENSE

Salaries and Wages

Gratuity and Pension plan expense

Contribution to Provident & Other Funds

Workmen & Staff Welfare Expenses

2.O7

8,482.O7

60,496.458,L9L.84

56,460.20

Total

Total

Total

58,980.59 64,652.O4

999.s3

5,057.75

79.37

L,264.78

4,6!2.8390.55

6,136.65 5,958.1.5

945.26

6,969.O7

95.73

999,53

5,057.75

79.37

8,010.05 6,136.65

(1,873.40) (158.s1)

8,377.67

199.01

677.62

208.7t

7,734.8L

2L6.65

591.96

287.74

9,397.O0 8,831.17

Year Ended

31.03.2018



31.03.2018NOTE NO - 33

FINANCE COST

lnterest Expenses

Long Term Borrowings

Other Borrowing Costs

NOTE NO.35

OTHER EXPENSES

Consumption of Diesel

Consumption of Spares

Oil & Lubricants

Tyres, Tubes, Flaps & RT charges

Licence & Taxes

Vehicle, Machinery & Equip. Hire Charges

Delivery, Loading and Unloading Charges

Windmills operating expenses

Freight and Cartage

lnsurance

Rent

Rates & Taxes

Agency Commission & lncentive

Brokerage

Advertisement & Sales Promotion

Selling, Handling & Holding Expenses

Electricity Charges

Vehicle Maintenance

Repairs & Maintenance to Buildings

Repairs & Maintenance to Machinery

Repairs & Maintenance to Other Assets

Claims & Compensation

Travelling Expenses

Auditors Remuneration

Professional, Legal and Consultancy Expenses

3,583.8920.83

3,254.6322.s6

Total

Total

3,604.73 3,277.19

NOTE NO.34

DEPRECIATION AND AMORT]ZATION EXPENSE

Depreciation on Property, Plant and Equipment L,395.42 L,365.47

L,395.42 1,365.47

734.62

2.27

0.8s

77.L2

t47.433,843.37

t,277.0964.82

388.79

145.55

t,785.1244.92

392.80

4.57

t,t86.870.51

377.58

317.54

L03.70

63.44

26s.52

2.22

308.40

12.50

242.L8

98.66

3.69

1.06

9.81

766.2t4,O24.02

L,262.55

747.92

589.88

134.63

952.56

36.97

418.92

3.00

7,010.24

1.58

350.67

267.80

113.16

83.35

2L6.47

0.94

330.61

11.81

760.74


31.03.2019

Year Ended

31.03.2018Directors Remuneration

Sitting Fees to directors

Printing & StationeryPostage, Telephone & Telex

Bank Charges & Commission

CSR ExpenditureBooks and periodicals

General Expenses

Miscellaneous Expenses

Agricultural Expenses

lmpairment allowance on trade receivables considered doubtfulBad Debts & Sundry Advances written-offLoss on sale/discarding of fixed Assets

Loss on Foreign Currency fluctuation

Total

99.692.45

33.32193.99

8L.74

52.40

4.56

16.85

L76,TL

0.02

t6.34185.66

57.88

1.09

155.48

4.0054.63

t97.L556.7r19.93

4.91

17.72

198.36

0.14

14.76

1L,445.84 l,-,Lz,-.o3

Notes forming part of Financial Statements as at 31.03.2019

36 CONTINGENT LIABILITIES AND COMMITMENTS

a) CONTINGENT tlABltlTlES

B. CONTINGENT LIABITITIES ON ACCOUNT OF GUARANTEES

37 INVESTMENT IN PARTNERSHIP FIRMS

Rs. ln Lakhs)

Particulars 31.03.2019 31.03.2018

Claims against the Company not acknowledged as debts:-

a. lncome Tax matters Amount paid fully under protest

b. Other lncome Tax matters

c. Electricity taxd. Pending claims

e. Others

1,L79.06

L24.8L

s3.99

6.06

799.74

1,178.06

L24.8L

53.99

5.94

t97.35

Particulars 31.03.2019 31.03.2018

a. Corporate guarantee given to erstwhile Foreign Subsidiary

(i) Guarantee amount

(ii) Outstanding amount

b. Guarantees issued by bankers

c. Corporate guarantee given for loans to Associates

(i) Guarantee amount

(ii) Outstanding amount

6,861.37

20.05

3,000.00

29,483.50

18.00

3,000.00

Particulars Share Capital % Profit Share Share Capital % Profit Share

a) Anamallais Retreading CorporationABT Limited

Karunambal Vanavarayar

Gowri Manickam

Vinodhini

S. Sankari

M. Mariammal

a) Area 641

ABT Limited

N Senthil Kumar

G Niresh

M Sudarsan

A Ramprakash

P Arunkumar

R Samadolf Raj

S Muruganand

2.35

1.28

L.28

L.28

7.28

2.55

23.5Oo/o

L2.80%

72.80%

72.80%

72.80%

25.50%

2.3s

7.28

1.28

1.28

1.28

2.55

23.50%

t2.80%72.80%

12.8C%

t2.80%25.s0%

10.00 L00.00% 10.00 L00.0Oo/o

3.00

3.00

1.s0

3.00

1.s0

1.50

1.s0

1.50

L8j8%L8j8%9.09%

18.t80/o

9.09%

9.O9%

9.O9%

9.O9o/o

3.00

3.00

1.s0

3.00

1.50

1.s0

1.50

1.50

78.L8%

L8.18%

9.O9%

L8.78%

9.O9%

9.09%

9.09%

9.09%

16.50 L00.00% 16.50 100.00%

38 Operating Lease

As Lessee

As Lessor

39 INVESTMENT IN SUBSIDARY

These Financial statements are separate financial statements prepared in accordance with lnd AS-27 "Separate Financial

Statements".

The Company's investment in Subsidary is as under:

40 AUDITOR'S REMUNERATION:

Particulars 31.03.2019 31.03.2018

Annual lease payments included as expenses in the Statement of Profit and Loss

Future Minimum Lease Payable

Not later than one year

Later than one year and not later than five years

Later than five years

1,099.90

991.93

2,823.31

L,226.63

9s2.s6

1,063.80

3,432.55

L,707.O4

Particulars 31.03.2019 31.03.2018

Annual lease rental receipts included as income in the Statement of Profit and Loss

Future Minimum Lease Receivable

Not later than one year

Later than one year and not later than five years

Later than five years

18.59

12.8s

11.1.0

20.29

70.77

21.62

Name of the Subsidary Country oflncorporation

Portion of

Ownership

interest as at

31.03.2019

Portion of

Ownership interest

as at 31.03.201.8

Method used to

account for the

lnvestment

ABTTWO WHEELER PW LTD INDIA 700% tOoo/o Amortized cost

Particulars 31.03.2019 31.03,2018

Statutory audit fee

Other Services

Reimbursement of expenses

Service Tax

9.00

3.50

0.L2

7.50

3.50

0.81

72.62 11.81

4L Disclosure under the Micro, Small and Medium Enterprises Development Act, 2006 are provided as under for the year

2117-t8,to the extent the Company has received intimation from the "suppliers" regarding their status under the Act.

Dues to Micro and Small Enterprises have been determined to the extent such parties have been identified on the basis

of information collected by the Management. This hos been relied upon by the ouditors.

42 EMPTOYEE BENEFITS

A. Defined contribution Plans

The Company makes Provident Fund, Superannuation Fund and Employee State lnsurance Scheme contributions which

are defined contribution plans, for qualifying employees. Under the Schemes, the Company is required to contribute a

specified percentage of the payroll costs to fund the benefits. The Company recognised Rs.385.38 Lakhs (Year ended

March 31, 2018 - Rs.355.23 Lakhs) for Provident Fund contributions, Rs.13.71 Lakhs (Year ended March 3L, 2018-

Rs.16.27 Lakhs) for Superannuation Fund contributions and Rs.199.48 Lakhs (Year ended March 31, 2018 'Rs.199'61

Lakhs) for Employee State lnsurance Scheme contributions in the Statement of Profit and Loss for the year ended 31st

March 2019. The contributions payable to these plans by the Company are at rates specified in the rules of the schemes'

Particulars 31.03.2019 31.03.2018

(i) Principal amount and the interest due thereon remaining unpaid to each supplier

at the end of each accounting year (but within due date as per the MSMED Act)

Principal amount due to micro and small enterprise

lnterest due on above

(ii) lnterest paid by the Company in terms of Section 15 of the Micro, Small and

Medium Enterprises Development Act, 2006, along-with the amount of the

payment made to the supplier beyond the appointed day during the period

(iii) lnterest due and payable for the period of delay in making payment (which have

been paid but beyond the appointed day during the period) but without adding

interest specified under the Micro, Small and Medium Enterprises Act, 2006

(iv) The amount of interest accrued and remaining unpaid at the end of each

accounting year

(v) lnterest remaining due and payable even in the succeeding years, until such date

when the interest dues as above are actually paid to the small enterprises

B. Defined benefit plans : Gratuity

ln respect of Gratuity plan, the most recent actuarial valuation of the plan assets and the present value of the defined

benefit obligation were carried out as March 3L,2OL9 by Mr.Srinivasan Nagasubramanian, Fellow of the lnstitute of

Actuaries of lndia. The present value of the defined benefit obligation, and the related current service cost and past

service cost, were measured using the projected unit cost method. The following table sets forth the status of the

Gratuity Plan of the Company and the amount recognised in the Balance Sheet and Statement of Profit and Loss. The

Company provides the gratuity benefit through annual contributions to a fund managed by the Life lnsurance

Corporation of lndia (LlC).

The Company is exposed to various risks in providing the above gratuity benefit which are as follows:

lnterest Rate risk : The plan exposes the Company to the risk of fall in interest rates. A fall in interest rates will result in

an increase in the ultimate cost of providing the above benefit and will thus result in an increase in the value of the

liability (as shown in financial statements).

lnvestment Risk : The probability or likelihood of occurrence of losses relating to the expected return on any particular

investment.

Salary Escalation Risk : The present value of the defined benefit plan is calculated with the assumption of salary increase

rate of plan participants in future. Deviation in the rate of increase of salary in future for plan participants from the rate

of increase in salary used to determine the present value of obligation will have a bearing on the plan's liability.

Demographic Risk : The Company has used certain mortality and attrition assumptions in valuation of the liability. The

Company is exposed to the risk of actual experience turning out to be worse compared to the assumption.

Rs. ln Lakh

Gratuity Funded

2018-19 20L7-L8Particulars

1,570.01

107.24

29.32

LLo.72

55.40

l]'ss.42)1.,678.27

(s1.78)

(162.e1)

1,595.56

L23.97

L,678.27

708.77Present Value of obligations at the beginning of the year

Current service cost

Prior Service Cost

lnterest Cost

Re-measurement (gains)/losses:

- Actuarial gains and losses arising from change in financial assumption

- Actuarial gains and losses arising from experience adjustment

Benefits paid

Present Value of obligations at the end of the year

625.30

45.45

7.2L

107.55(162.e1)

518.60

67L.45

46.9L

3.34

100.03(1ss.43)

626.30

Changes in the fair value of planned assets

Fair value of plan assets at beginning of year

lnterest lncome

Acturial Gain/Loss

Contributions from the employerBenefits Paid

Fair Value of plan assets at the end.of the year

1,595.66

618.60

L,O77.05

L678.27

626.3

1051.97

Amounts recognised in the Balance Sheet

Projected benefit obligation at the end of the year

Fair value of plan assets at end of the year

Funded status of the plans - Liability recognised in the balance sheet

Components of defined benefit cost recognised in profit or loss

Current service cost

Net lnterest Expense

Net Cost in Profit or Loss

108.17

77.46

18s.63

135.55

53.81

200.37

Components of defined benefit cost recognised in Other Comprehensive income

Re-measurement on the net defined benefit liability:- Actuarial gains/(losses) due to Demographic Assumption changes in DBO

- Actuarial gains/(losses) due to Financial Changes in DBO

- Actuarial gains/(losses) due to Experience on DBO

- Return on plan assets

Net Cost in Other Comprehensive lncome

(2.38)

(26.s2)

.22.47l,(1.21)

(s2.ss)

(22.sel78.99(3.34)

s3.06

Particular 31.03.2019 31.03.2018

Assumptions:

Discount rate

Expected rate ofsalary increases

Expected rate of attritionAverage age of members

Average remaining working life

Mortality (IALM (2006-2008) Ultimate)

7.75%

6.000/o

5.OO%

39.31

18.69

5%

7.52%

6.OO%

s.o0%

39.38

78.62

5o/o

The Company has invested the plan assets with the insurer managed funds. The insurance company has invested the plan

assets in Government Securities, Debt Funds, Equity shares, Mutual Funds, Money Market lnstruments and Time

Deposits. The expected rate of return on plan asset is based on expectation of the average long term rate of return

expected on investments of the fund during the estimated term of the obligation.

Significant actuarial assumptions for the determination of the defined benefit obligation are discount rate, expected

salary increase and mortality. The sensitivity analysis below have been determined based on reasonably possible changes

of the assumptions occurring at the end of the reporting period, while holding all other assumptions constant. The results

of sensitivity analysis is given below:

Sensitivity analysis presented above may not be representative of the actual change in the defined benefit obligation as itis unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be

correlated.

Particular 31.03.2019 31.03.2018

Discount rate+ 100 Basic Points

- 100 Basic Points

Salary growth rate+ 100 Basic Points

- 100 Basic Points

Attrition rate

+ 100 Basic Points

- 100 Basic Points

Mortality rate

+ LO%up

(e3.77)

707.74

(s2.88)

106.32

0.49(0.ss)

0.02

(e4.e2)

108,33

106.19(e4.721

6.09(6.8s)

0.36

Furthermore, in presenting the above sensitivity analysis, the present value of the defined benefit obligation has been

calculated using the projected unit credit method at the end of the reporting period, which is the same as that applied in

calculating the defined benefit obligation liability recognised in the balance sheet.

There was no change in the methods of assumptions used in preparing the sensitivity analysis from prior years

The Company has purchased insurance policy, which is basically a year-on-year cash accumulation plan in which the

interest rate is declared on yearly basis and is guaranteed for a period of one year. The insurance Company, as part of the

policy rules, makes payment of all gratuity outgoes happening during the year (subject to sufficiency of funds under the

policy). The policy, thus, mitigates the liquidity risk. However, being a cash accumulation plan, the duration of assets is

shorter compared to the duration of liabilities. Thus, the Company is exposed to movement in interest rate (in particular,

the significant fall in interest rates, which should result in increase in liability without corresponding increase in the asset)

Expected contributions to the plan for the next annual periods is given below:

C. Note on Provident Fund:

With respect to employees, who are covered under Provident Fund Trust administered by the Company, the Company

shall make good deficiency, if any in the interest rate declared by Trust over statutory Limit. Having regards to the assets

of the Fund and the return on the investments, the company does not expect any deficiency in the foreseeable future.

43 EARNINGS PER SHARE:

Particulars 31.03.2019 31.03.2018

Year-| - 31.03.2020

Year-ll - 31.03.202L

Year-lll - 37.03.2022

Year-lV- 31.03.2023

Year-V - 31.03.2024

145.52

L79.O2

L32.92

10s.09

7L2.95

783.)_3

131.15

122.95

724.65

toz.L5

Particular 31.03.2019 31.03.2018

Basic Earnings per share

Diluted Earnings per share

796.22

796.22

7,774.87

I,\74.87

43.1, Basic Earnings per share

The earnings and weighted average number of equity shares used in the calculation of basic earnings per share are as

follows.

43.2 Diluted Earnings per share

The earnings and weighted average number of equity shares used in the calculation of diluted earnings per share are as

follows.

The weighted average number of equity shares for the purposes of diluted earnings per share reconciles to the weighted

average number of equity shares used in the calculation of basic earnings per share as follows:

4 FINANCIAT INSTRUMENT

44.t Capital ManagementThe Company manages its capital to ensure that the Company will be able to continue as a going concern whilemaximising the return to stakeholders through the optimisation of the debt and equity balance.

Particular Year ended

31.03.2019

Year ended

31.03.2018

Profit after Taxation (Rs.in Lakhs)

Adjustments

Earnings used in the calculation of basic earnings per share

Number of equity shares of Rs.10 each outstanding at the beginning of the year

Add: Equity shares issued/allotted during the year

Revised number of equity shares of Rs. 10 each outstanding at the beginning of theyear

(a) Number of equity Shares of Rs.10 each outstanding at the end of the year

(b) Weighted Average number of Equity Shares

1,L94.33

L,194.33

1,50,000

1,50,000

1,50,000

1,50,000

1,762.37

L,762.3L

1,50,000

1,50,000

1,50,000

1,50,000


31.03.2019

Year ended

31.03.2018

Earnings used in the calculation of basic earnings per share

Adjustments

Earnings used in the calculation of diluted earnings per share

L,t94.33

1,794.33

L,762.31

1,762.37


31.03.2019

Year ended

31.03.2018

Weighted average number of equity shares used in the calculation of basic earnings

per share

Adjustments

Weighted average number of equity shares used in the calculation of dilutedearnings per share

1,50,000.00

1,50,000.00

1,50,000.00

1,50,000.00

The capital structure ofthe Company consists of net debt and total equity ofthe Company.

44.2 Gearing RatioThe gearing ratio at the end of the reporting period was as follows.

44.3 Category-WiseClassificationOfFinanciallnstruments

Rs. ln lakh

Rs. in lakh

Current

ParticularsAs at March 31,

2019

As at March 31,

20L84702L.88

(se6.e3)45144.39(13ss.6s)

46024.95 43748.74

487s7.94 48739.4L

Debt

Cash and Cash Equivalent

Net Debt

Total Equity

Net Debt to Equity Ratio 0.94 0.90

Non-CurrentPa rticulars

As at

31.03.2019

As at31.03.2018

As at

31.03.2019

As at

31.03.2018

290.79

L,773.O5

1470.34 1469.84

269.30

LO94.94

2815.72

L7226.64

850.94

145.98

79.68

2649.93

t5977.491395.65

148.68

198.09

7,463.84 1364.24 21tt8.96 20369.84

1463.84 L364.24 21118.96 20369.84

t7654.77

345.09

15961.90

338.35

10878.91

1380.34

5907.33

1o702.24

1759.84

4782.70

17999.80 15300.25 78766.57 16644.t8

Financial Assets measured at Fair ValueThrough Profit & toss [FWPI]lnvestment in quoted Equity lnstrumentslnvestment in unquoted Equity lnstruments

Financial assets measured at Amortised Cost

lnvestments

Trade Receivables

Loans

Cash and Cash Equivalents

Other Balances with Banks

Other Financial Assets

Financial Liabilities measured at Fair Value

Through Profit & Loss IFWPL]

Financial Liabilities measured at AmortisedCost

Borrowings

Trade Payables

Other Financial Liabilities

Total

Total

44.4

44.4.L

44.4.2

44.4.3

44.4.4

Fair Value MeasurementsThe following table provides the fair value measurement hierarchy of the Company's Financial Asstes and Liabilities

Quoted prices in an active market (tevel 1):

This level of hierarchy includes financial assets that are measured by reference to quoted prices (unadjusted) in active

markets for identical assets or liabilities. This category consists of investment in quoted equity shares, and mutual fundinvestments.

Valuation techniques with observable inputs (level 2):

This level of hierarchy includes financial assets and liabilities, measured using inputs other than quoted prices included

within Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived fromprices). This level of hierarchy includes Company's over-the-counter (OTC) derivative contracts.

Valuation techniques with significant unobservable inputs (Level 3):

Valuation techniques with significant unobservable inputs (Level 3): This level of hierarchy includes financial assets and

liabilities measured using inputs that are not based on observable market data (unobservable inputs), Fair values are

determined in whole or in part, using a valuation model based on assumptions that are neither supported by prices from

observable current market transactions in the same instrument nor are they based on available market data.

Financial lnstrument measured at Amortised Cost:

The carrying amount of financial assets and financial liabilities measured at amortised cost in the financial statements are

a reasonable approximation of their fair values since the Company does not anticipate that the carrying amounts would

be significantly different from the values that would eventually be received or settled.

44.5 Financial risk management objectives

The Company's Corporate finance department provides services to business, co-ordinates access to domestic and

international financial markets, monitors and manages the financial risks relating to the operations of the Company

through internal risk reports which analyse the exposures by degree and magnitude of risks. These risks include market

risk (including currency risk, interest rate risk and other price risk), credit risk and liquidity risk.

The Company seeks to minimize the effects of these risks by using derivative financial instruments to hedge risk

exposures. The use of financial derivatives is governed by the Company's policies approved by the Board of Directors,

which provide written principles on foreign exchange risk, interest rate risk, credit risk, the use of flnancial derivatives

and non-derivative financial instruments, and the investment of excess liquidity. Compliance with policies and exposure

limits is reviewed by the Management and the internal auditors on a continuous basis. The Company does not enter into

or trade financial instruments, including derivatives for speculative purposes.

The Corporate Treasury function reports quarterly to the Company's risk management committee, an independent body

that monitors risks and policies implemented to mitigate risk exposures.

44.5.L Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in

market prices. Market risk comprises three types of risks: interest rate risk, currency risk and other price risk. Financial

instruments affected by market risk includes borrowings, investments, trade payables, trade receivables, loans and

derivative fi nancial instruments.

44.5.2 Foreign currency exchange rate riskThe fluctuation in foreign currency exchange rates may have potential impact on the income statement and equity,

where any transaction references more than one currency. The Company evaluates the impact of foreign exchange rate

fluctuations by assessing its exposure to exchange rate risks.

44.5.3 Credit Risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet

its contractual obligations, and arises principally from the Company's receivables from customers and investment

securities. Credit risk arises from cash held with banks and financial institutions, as well as credit exposure to clients,

including outstanding accounts receivable. The maximum exposure to credit risk is equal to the carrying value of thefinancial assets. The objective of managing counterparty credit risk is to prevent losses in financial assets. The Company

assesses the credit qr,rality of the counterparties, taking into account their financial position, past experience and other

factors.

44.5.4 Credit risk managementThe Company does not have significant credit risk exposure to any single counterparty. Concentration of credit risk

related to the above mentioned company did not exceed LOYo of gross monetary assets at any time during the year.

Concentration of credit risk to any other counterparty did not exceed LO% of gross monetary assets at any tirne during

the year.

The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer. The

demographics of the customer, including the default risk of the industry and country in which the customer operates,

also has an influence on credit risk assessment.

44.5.5 Liquidity riskLiquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The

Company manages its liquidity risk through credit limits with banks.

The Company's corporate treasury department is responsible for liquidity, funding as well as settlement management. In

addition, processes and policies related to such risks are overseen by senior management.

The liquidity position of the Company is given below:

ParticularsAs at March 31,

2019As at March 31,

2018

Cash and Cash Equivalents 850.94 1,395.55

The table below provides details regarding the contractual maturities of significant financial liabilities as at March 31,

2019, March 3t,20LBRs. ln

44.5.6 lnterest Rate Risk

lnterest rate risk is measured by using the cash flow sensitivity for changes in variable interest rates. Any movement in

the reference rates could have an impact on the Company's cash flows as well as costs. The Company is subject to

variable interest rates on some of its interest bearing liabilities. The Company's interest rate exposure is mainly related to

debt obligations.

44.5.7 lnterest Rate Sensitivity Analysis

lf interest rates had been LYo higher and all other variables were held constant, the company's profit for the year ended

would have impacted in the following manner:


31.03.2019

Year Ended

31.03.2018

lmpact on Profit or (Loss) for the year 306.68 294.65

INFORMATION ON RETATED PARTY TRANSACTTONS AS REQUIRED BY INd AS- 24 - ,REIATED PARTY DISCLOSURES, FOR

THE YEAR ENDED 31.03.2019

45.L Name of Related Parties and nature of relationship:

Key Management Personnel (KMP) Executive Directors:

M Harihara Sudhan

le Time Directors

M Radha Akilandeswari

M Manickam

Non-Executive Directors

M Balasubramaniam

M Srinivaasan

Murugaiyan

45

less than

1 Year1.2 Years

2 Years

and aboveAs atParticulars

18,879.94

18,410.95

1,380,34

1,760.90

408.71

501.64

4,340,54

3,245,41

10,811,75

9,436,30

34s.09

338.35

Trade Payables

0ther financial liabilities

Borrowings March 31, 2019

March 31, 2018

March 31,2019

March 31,2018

March 31,2019

March 31,2018

B T Two Wheeler Pvt LtdSubsida

M Chenniappan

45.2

45.2.L

Chief Executive Officer:N Shanmuga Sundaram

Company Secretary:

S. Elavazhagan

Note : Related party relationships are as identified by the management and relied upon by the auditors.

Transaction with Related Parties:

Key management personnel compensation

Smt Karunambal Vanavarayar

Smt Gauri Manickam

Ms.Sivakami Rukmani Samyuktha

Ms.Akilandeswari Subha ShruthiMr.Vishnu Nachimuthu

Ms.Bhavani Rukmani

Ms.Shivani Radha Mani

Ramkumar Giri

Relatives of KMP

ABT lndustries Ltd

Anamallais Bus Transport Pvt. Ltd

Nachimuthu lndustrial Association

ARC Retreading Company Pvt. Ltd

The Anamallais Retreading Corporation

N Mahalingam & Co.,

ABT info systems pvt. ltd

Sakthi Sugars Limited

Sakthi Auto Component Limited

Anamallais Engineering Pvt Ltd

ABT Madras Private Limited

ABT Maduri Private Limited

ABT Transports Private limited

Sri Bhagavathi Textiles Limited

ABT Textiles Private Limited

ABT lnvestments lndia Private Limited

Caresoft Global Private Limited

Other entities over which there is a

significant influence


31.03.2019

Year ended

31.03.2018

Employee share-based payment

Short-term employee benefits 1s3.70 2L3.26

Post-employment benefitsTotal Compensation 153.70 2t3.26

Remuneration / sitting fees to Non-Executive and lndependent Directors 2.45 4.00

45.2.2 Details of Related Party transactions during the year ended 31st March, 2019 and Balances Outstanding as at

31.03.2019:

ARC Retreading Priwte Limited


N Mahalingam and Company

ABTlndustriesLimited

Sakthi Thiranalayam

Anamalai Engineering Private Limited

A B T lnfo System Priraate Limited

Sakthi Auto Components Limited


Sakthi Finance Limited

N Mahalingam & Co.,

ABTlndustriesLimited

Nachim uthu lndustrial Association

Sitting Fees


ABT (Madras) Priwte Limited

ABT lnrrestment (lndia) Private Limited

!8.76(22.67)

22.49(21-.2s)

3.06(3s.e3)

3.42(6.621

18.04

(11.e6)

2.26(2.O7)

4.60(14.06)

7.10(1.51)

57.67(87.13)

o.28(0.06)

13.01

7.to(1.61)

57.67(87.13)

o.28(0.05)

13.01

0.56(0.31)

1.85( 1.13)

1,193.95(1,072.23)

Ml.Ot(7e3.s0)

330.60(301.1s)

t8.76

.22.67)22,.49

(21..2s)

3.06(3s.e3)

3.42(6.62)

18.04(11.e6)

2.26(2.07)

4.@(14.06)

Sales

0.55(0.31)

1.8s(1.13)

24.45

l22.Ql

2.45(4.0o)

2.45(4.0o)

1,793.96(L,O72.23)

ML,O7(7e3.so)

330.60(301.1s)

24.45(22.N)

TotalSubsidaryCompany

KeyManagement

Personne!

Enterprises inwhich

KMP/relativesof influence

Nature of Transactions

A B T Two wheeler Priwte Limited

Rent lncome






ABT (Madras) Priwte Limited

- M Manickam, Chairman

-M Harihara sudhan

-M Radha Akilandeswari

-N Shanmugasundram CEO

Loans and advances to Related Parties

ABT lnvestments (lndia) Private Limited

Anamallais Bus Transport Private Limted



ABT lnfo Systems Private Limited

Caresoft Global Private Limited

Anamal lais Retrading Corporation

274.59(201.e6)

62.29(43.04)

s3.42(31.s8)

8.78( 11.ss)

tt7.t5(13.s0)

2.40(2.40)

(s01.04)

5.65(s.se)

63.0O

( L0.10)

48.76

(so.se)

3,650.07(3,551.25)

t!3.97(tLz.62l

r.0,653.02(9,502.39)

(74s.80)

4.60(14.06)

(s31.6s)

35.45(3s.44)

7L7,L5(13.s0)

2.40(2.4o1

(so1.04)

5.66(s.se)

63.00(10.10)

48.76(so.se)

274.59(201.e6)

62.29(43.04)

53.42

(31.s8)

8.78(11.ss)

3,650.O7(3,551.25)

]-L3.97(712.62)

1o,663.O2

(9,502.39)

(74s.80)

4.60(14.06)

(s31.5s)

35.45(3s.44)

ABT (Madras) Private Limited

A B TTwo wheeler Private Limited

Loans and Advances from Related Parties

Sri Ramkumar Giri

Nachi muthu I ndustrial Association

Anamal lais Retradi nig Corporation

ABT Transport Private Li mited



Trade Pavables

N Mahalingam & Co.


Nachi muthu lndustrial Association

Sakthi Thiranalayam

ARC Retrading Company Private Limited

Anamallais Engineering Private Limited

The Gounder & Co.,


ABT lndustries Limited

L,249.LO

(L,197.53)

L82,L(L,t41..7t)

57.39(s7.3s)

7.O7

(1.04)

58.29(31.13)

M2.25

2,37]-.44(4e40.3e)

374.68(283.6s)

2,37L.M(4,94O.39l-

3L4.68(283.6s)

L,249.LO

(\,797.53)182.LO

(L,74!.17)57.39

(s7.3e)

t,o7(1.04)

58.29(31.13)

42.25

19.51(zs.78l

4.65(14.30)

6.55(6.06)

6.47(2.s3)

1,5.34

(te.2r)7.O8

(13.04)

L.23(s.03)

1.75(o.72',)

0.13(3.se)

19.51

.29.78!,4.65

(14.30)

6.65(6.06)

6.41(2.s3)

L5.34

lLe.2t)7.O8

(13.04)

L.23(s.03)

1.75(o.72l,

0.13(3.ss)

46 SEGMENT REPORTING

Basis of Segmentation:

Factors used to identify the reportable segmentsl

The Company has following business segments, which are its reportable segments. These segments offer differentproducts and services, and are managed separately because they require different technology and production processes,

Operating segment disclosures are consistent with the information provided to and reviewed by the chief operating

decision maker.

Note:-a. lnformation has been furnished with respect to individuals/entities with whom/which related party

b.F res in b rousertain to

i

Revenue and expenses directly attributable to segments are reported under each reportable segment. Other expenses

and income which are not attributable or allocable to segments have been disclosed as net un-allocable

expenses/income.

Assets and liabilities that are directly attributable or allocable to segments are disclosed under each reportable segment.

All other assets and liabilities are disclosed as un-allocable.

Operating segments represent also and therefore, separate disclosure of revenue from major products is not made.

lnter segment Transfer Pricing:

lnter Segment prices are normally negotiated amongst the segments with reference to cost, market prices and business

risks, within an overall optimisation objective for the enterprise.

46.1, Operating Segments revenue and results:

External Customers

lnter-Segmental Sales

0perating lncome

lncome

lncome 2,184.66 2,224.60 2,184.66 2,224,60

Unallocated

(Net)

I Non -0perating income

Revenue

and nonoperating

before Tax

Co$

& Amodhation

Les: lncome-tax-

Current Tax

Defened Tax

Tu

Net Profit/toss after Tu

10,355.28 10,379.97 79,781.00 75,829.45 1,202.97 1,545.87

3,039.73 1,070.70

7,941.58 6,157.82

3,039.73

5,224.39

99,281.83

1,070.70

1,070.70

93,913,11

10,520.11 10,399.08 75,330.13

72,06 70.59

3,450.87

1,498.16

72,614.77 289.14 298.48 5,092.59 4,324.56 92,231.97 87,636.89

(1e.11) 3,214.68

1,251.90

913,83

290,08

1,241,39

291,42

2,848,99

L,7M.4l

1,395.42

850.39

1,833,26

1,552,28

1,365.47

7,049,85

3,604,73

1,395.42

6,276,22

3,277,19

1,365.47

(s,o1l

885.35

45.58

850.39

855.38

1,194.33

885.35

45.68

931.03

702,53L,952.71 t,962.78 62t.75 954.97 (1,145,24) (2,125,52)

Reportable Segment Products/Service

PARCEL SERVICE

MARUTI

WIND ENERGY

GOODS TRANSPORT

MARUTI CAR SALES, SERVICE

POWER GENERATION THROUGH WIND POWER

WIND ENERGY OTHERS TotalPARCEL MARUTI

2019 2018 2019 20182018 2019 2018 2019 20182019

1,543,05

2.82

2,717.19 3,922.78

10,44

94,055.35

2.09

91,504,17

184,34

10,356.28 10,208,89

171.08

i9,781.00 75,829.45 1,200,88

2,09

1,545,87 2,7fi.19 3,933.22 94,057.44 91,688.5110,356.28 L0,379.97 79,781.00 75,829.45 7,202.97

a

t'a

3,305.18 3,578.99 39,793.57 38,265.65 798.55 t,255.32 53,048.43 50,731.33 96,945.73 93,833,30

lnformationr

Asets

Unallocated Corporate Assets

Assets

Liabilities

located Corporate Liabilities

[iabilities

Expenditure

95,945,73

96,945.73 93,833.30

93,833.30

3,305,18 3,578.99 38,2ffi.66 798.55 1,256.32 53,048.43 50,731,3319,793.57

79.45

8s.25

245.78

75.85

L,079.41

884.85

678.31

887.31

7.81

336,44

35.67

84,67

363.26

65,86

95,945.73

1,795.57

1,395.42

93,833,30

t,294.66

1,365.47

1.04

& Amortization 340.64

46.2 Geographical information

The Company operates in single reportable Geographical Segment

46.4 There is no transactions with single external customer which amounts to 10% or more of the Company's revenue.

As per our Report of event dateForPKNagarajan&CoChartered AccountantsFirm Registration No.: 0166765

anPa erMembership No.: 025679U Dl N : L9O25679AAAAAP497 6

CoimbatoreSeptember 04,20L9

For and on Beh of Board

ManickamChairman

DIN 23

P

'lh;S ElavazhagaCompany rY

SudhanExecutive Director

DIN 02459414

ffice at to - ABT Limited Limited Annual Report 2018-19.pdf · formulated and detalled h the 5ald...

Documents

Transcript of ffice at to - ABT Limited Limited Annual Report 2018-19.pdf · formulated and detalled h the 5ald...