VLCC Balance Sheet 2012.pdf

VLCC HEALTH CARE LIMITEDStandalone Balance Sheet for period 01/04/2011 to 31/03/2012

[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR01/04/2011

to 31/03/2012

01/04/2010 to

31/03/2011 Name of company VLCC HEALTH CARE LIMITED

Corporate identity number U74899DL1996PLC082842

Permanent account number of entity AAACC4808P

Address of registered office of company

M - 1 4 G r e a t e r Kailash-II , , Commercial C o m p l e x , N e w D e l h i , Delhi, INDIA, 110048

Type of industry C o m m e r c i a l a n d Industrial

Date of board meeting when final accounts were approved 06/07/2012

Period covered by financial statements 12 Months 12 Months

Date of start of reporting period 01/04/2011 01/04/2010

Date of end of reporting period 31/03/2012 31/03/2011

Nature of report standalone consolidated Standalone

Content of report Balance Sheet

Description of presentation currency INR

Level of rounding used in financial statements Actual

Type of cash flow statement Indirect Method

Total number of product or service category Two

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VLCC HEALTH CARE LIMITED Standalone Balance Sheet for period 01/04/2011 to 31/03/2012

[400400] Disclosures - Directors report

Disclosures relating to employee stock option scheme [Table] ..(1)

Unless otherwise specified, all monetary values are in INRCategories of employee stock option scheme [Axis] StockOption

01/04/2011 to

31/03/2012 Disclosures relating to employee stock option scheme [Abstract] Disclosures relating to employee stock option scheme [LineItems] Options granted 10,000

Pricing formula Average

Options vested 6,004

Options exercised 0

Total number of shares arising as result of exercise of option [shares] 0

Options lapsed 993

Money realised by exercise of options 0

Total number of options in force 35,957

Employee wise details of options granted [Abstract] Options granted to senior managerial personnel 0

Options granted to employee receiving grant of more than five per cent of option 0

Options granted to identified employees receiving grant exceeding one per cent of issued capital 0

Difference of using intrinsic value of stock options as against fair value of stock options in computing employee compensation cost

0

Impact on profits of using intrinsic value of stock options as against fair value of stock options in computing employee compensation cost

0

Impact on earnings per share of using intrinsic value of stock options as against fair value of stock options in computing employee compensation cost

[shares] 0

Details of options whose exercise price equals or exceeds or is less than market price [Abstract] Weighted average exercise prices of options whose exercise price equals or exceeds or is less than market price

0

Weighted average fair values of options whose exercise price equals or exceeds or is less than market price

0

Details of directors signing board report [Table] ..(1)

Unless otherwise specified, all monetary values are in INRDirectors signing board report [Axis] Sign1

01/04/2011 to

31/03/2012 Details of signatories of board report [Abstract] Details of directors signing board report [LineItems] Name of director signing board report [Abstract] First name of director MUKESH

Last name of director LUTHRA

Designation of director Chairman

Director identification number of director 00296830

Date of signing board report 06/07/2012

3



to 31/03/2012

Disclosure in board of directors report explanatory [TextBlock] Textual information (1) [See below]

Description of state of companies affair Textual information (2) [See below]

Disclosure relating to amounts transferred to reserves Nil

Disclosures relating to dividends Textual information (3) [See below]

Details regarding energy conservation Textual information (4) [See below]

Details regarding technology absorption

T h e C o m p a n y a l s o endeavors to effectively ut i l ize and conserve energy by using improved t e c h n o l o g y i n i t s infrastructure and hence technology absorption too is of no significant relevance.

Details regarding foreign exchange earnings and outgo Textual information (5) [See below]

Details of material changes occurred during period affecting company?s business operations

There have been no Material Changes for the period between end of the financial year 2011-12 and the da te of th i s report , other than as already incorporated in the accounts.

Details regarding research and development Capital expenditure on research and development 0

Recurring expenditure on research and development 0

Expenditure on research and development 0

Particulars of employees as per provisions of section 217 Textual information (6) [See below]

Disclosures in director?s responsibility statement Textual information (7) [See below]

Director's comments on qualification(s), reservation(s) or adverse remark(s) of auditors as per board's report

No qualification that needs to be commented or answered.

Disclosures relating to employee stock option scheme explanatory [TextBlock] Date of Board of directors' meeting in which board's report referred to under section 217 was approved

06/07/2012

4


Textual information (1)

Disclosure in board of directors report explanatory [Text Block]Director's Report

Dear Members,

We, the Board of Directors of your Company, are pleased to present the 16th Annual Report of your Company for the financial year ended March31, 2012.

Financial Results

` Crores

Financials (on stand-alone basis) 2011-12 2010-11

Income 260.82 237.85

EBITDA (before dividend from subsidiaries) 45.74 35.62

Profit before Depreciation, Amortization and Tax 31.89 29.04

Depreciation and Amortization 19.96 16.80

Profit before Tax 11.93 12.24

Profit after Tax 8.02 8.86

Transfer to General Reserve -- 0.88

While Income from operations grew 10% over the previous year, EBIDTA (before dividend from subsidiaries and payment to collaborators)registered a 28% growth. The PAT (before dividend from subsidiaries) grew from 7.36 crores to 8.01 crores. Simultaneously, Cash Flow from` `operating activities for the year increased to 37.50 crores from 30.15 crores last year, an increase of 26%.` `

At consolidated level, the performance of the Group has also delivered considerable growth, with Consolidated Revenue going up by 26% whileEBITDA and PAT showed an increase of 43% and 56% respectively.

Equity Dividend

The Company is in an accelerated growth phase in a high opportunity space and is accordingly reinvesting in its business, accordingly your Boardrecommends not to declare any dividend for the financial year ended 31st March 2012. (Previous year dividend @23% of the paid up equity sharecapital of the Company was declared)

Business Overview

The focus during the year under review was to further consolidate market leadership while simultaneously continuing to improve operatingefficiencies, efforts to address which were initiated in the previous fiscal. This has clearly delivered significant gains for the company reflected inthe jump in EBIDTA and PAT, as well as same-store sales growth. Profit After Tax from the Company's own business activities (excluding

5


dividend of 1.50 crores received from wholly owned subsidiary) grew 9% to 8.01 crores, compared to 7.36 crores last year.` ` `

Material Changes for the period between End of the Financial Year and the Date of the Report

There have been no Material Changes for the period between end of the financial year 2011-12 and the date of this report, other than as alreadyincorporated in the accounts.

Corporate Governance

Corporate governance at VLCC is a value-based framework to manage our Company affairs in a fair and transparent manner. As a responsiblecorporation, we use this framework to maintain accountability in all our affairs, and employ democratic and open processes. We have evolvedguidelines and best practices over the years to ensure timely and accurate disclosure of information regarding our financials, performance,leadership and governance of the Company. Your Company has established a tradition of best practices in corporate governance, aimed atensuring management of the Company's affairs in a fair and transparent manner. This includes an effective and independent Board of Directors, astrong Ombudsman policy and a robust systems and processes to ensure timely and accurate disclosure of information regarding financials andperformance. The Audit Committee of the Company reviewed the accounts of the Company at its meeting held on 6th July 2012 and recommendsthe same for your approval. There are no observations, reservations, qualification or adverse remarks contained in the audit report and all othercontents of the audit report are self explanatory in nature.

Subsidiary Companies

a) VLCC Personal Care Limited

During the year under review, the income of the Company crossed the 100 crore milestone to reach 102.03 crores, against 63.69 crores in the` ` `previous year, registering a growth of 60%. The EBITDA for the year stood at 20.81 crores, against INR 14.80 crores in FY 11, while Profit`after Tax was 16.70 crores, against 12.65 crores the previous year, registering a growth of 32%.` `

The Company undertook a complete revamp of its product packaging design during the year under review as well as launched a new range ofproducts in the mass price segment in the third quarter, which was supported by a high-visibility advertising campaign. The flagship productunder this range VLCC Anti-Pollution Lotion won the prestigious Product of the Year award during the year.

The distribution network of the Company now covers over 50,000 retail outlets as of date and the Company's products are available across Indiaincluding at all leading modern trade stores. In addition the products are also available in leading retail / modern trade stores in other 8 countries.

b) VLCC International Inc.

Revenue from operation for International business grew 31%, from AED 77.53 Million in FY11 to AED 101.39 Million in FY12, on the back ofstrong performance of its Qatar and Oman operations and improvement in its UAE and Bahrain businesses which are steadily regaining tractionas the countries recover from the economic slowdown. The performance of its new centers in Qatar, Bangladesh and Sri Lanka, opened in the lastquarter of the previous fiscal, too has been encouraging.

EBITDA grew significantly, from AED 8.48 million in FY11 to AED 15.43 million in FY12, an increase of 82%. The Profit before Tax this yearstands at AED 1.12 million compared to loss of AED (3.03) million in the previous year.

The Company is of the strong view that its international operations have huge potential and is well positioned to leverage the opportunity in theWellness segment in MENA and South East Asia regions.

c) VLCC India Limited and VLCC Retail Limited

There were no business activities in these subsidiary companies during the year.

Consolidated Financial Statement

The statement as required under Section 212 of the Companies Act, 1956 relating to Subsidiary Companies is attached.

6


The audited consolidated financial statements are provided as part of the Annual Report in accordance with Accounting Standards pertaining toconsolidated financial reporting. These statements have been prepared on the basis of the financial statements received from the subsidiaries asapproved by their respective Board of Directors.

Employee Stock Option Plan

The members' may be aware that the Company had approved its VLCC Employee Stock Option Plan 2007 for granting stock options to itsemployees. The ESOP Plan endeavors to provide incentives and retain employees who contribute to the growth of the Company. The Planprovide for grant of Stock Options to select employees of the Company and its subsidiaries to acquire equity shares of the Company that vest in agraded manner. The Company has allotted the equity shares to VLCC Employee Welfare Trust who is holding the shares on behalf of employees

A totalto be given to them on exercise of option within period specified in the Plan. The exercise price of option is based on Fair Value Method.of 35,957 Options are outstanding to various employees as on March 31, 2012 and a total of 20,475 Options are still to be granted as on date. Thecomplete details have been disclosed under Notes to Accounts under note 34 forming part of financial statements.

Human Resource Management Review

The Company has completed over 15 years of its existence in the Wellness Industry. In this journey, it has enriched the lives of thousands ofprofessionals who have worked for the Company and has clearly emerged as the employer of choice in its industry domain.

Having strengthened its management bandwidth considerably, at both the corporate as well as operations level, during the course of the yearunder review, your Company's human resource talent pool has the depth and strength required for the next level of growth domestic as well asinternational growth. The Group currently employs staff from over 30 nationalities.

A list of the employees of the Company who are in receipt of remuneration exceeding the limits prescribed under Section 217 (2A) of theCompanies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 is attached.

Fixed Deposit Your Company has not accepted any deposit, and as such no amount of principal or interest was outstanding on the date of theBalance Sheet. Auditors The Auditors, M/s. Deloitte Haskin and Sells, Chartered Accountants, retire at the ensuing Annual General Meeting, andbeing eligible, offer themselves for re-appointment.

Directors As per the provisions of Articles of Association of the Company, Mr. Sanjay Mehta and Mr. Mukesh Luthra, Directors of the Company,are liable to retire by rotation and being eligible, offer themselves for reappointment.

Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo

Your Company, being a service provider organization, most of the information as required under Section 217(1)(e) of the Companies Act, 1956,read with the Companies (Disclosure of particulars in the report of the Board of Directors) Rules, 1988, as amended is not applicable and hencethe point of energy conservation is of marginal importance. The Company also endeavors to effectively utilize and conserve energy by usingimproved technology in its infrastructure and hence technology absorption too is of no significant relevance.

The foreign exchange earning during the year has been 0.64 crores (previous year 0.77 crores). An amount of 1.47 crores (previous year 1.38` ` ` `crores) has been spent by the Company on foreign travel and business promotion in foreign exchange. Imports during the year are at 3.53 crores`(previous year 9.51 crores).`

The Company is not involved in export activities as such and has only exported consumption/retail products and equipment to its wholly-ownedsubsidiary company based in Dubai and has correspondingly booked exports sales of 0.64 crores (previous year 0.77 crores). The Company` `primarily operates in domestic markets and as such does not have any specific exports initiatives to report to members.

Directors' Responsibility Statement

In terms of the provisions of Section 217(2AA) of the Companies Act, 1956, as amended by the Companies Amendment Act, 2000, the membersof the Board place on record the Director's Responsibility Statement as under:

That in the preparation of annual accounts under review the applicable accounting standards have been followed along with proper1. explanations relating to material departures.

That the directors had selected such accounting policies and applied them consistently and made judgments and estimates that are2.

7


reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of financial year and of the profits of theCompany for that period.

That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the3. provisions of Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

That the directors had prepared the annual accounts on a going concern basis.4.

Acknowledgement

The Board of Directors wishes to place on record its appreciation for the support and cooperation extended by every member of the VLCC family.The Directors are thankful to all vendors, banks, suppliers, customers, regulatory and government authorities for their continued cooperation.

For and on behalf of the Board of Directors

Sd/-

Mukesh Luthra

Chairman

Date: 6th July 2012

Place: New Delhi

Statement pursuant to section 217 (2A) of theCompanies Act, 1956 read with the CompaniesParticulars of Employees) Rules, 1975 (forming partof Directors' Report for the year ended 31st March,2012) in respect of employees of the VLCC HealthCare Limited

Name of EmployeeDesignation/ Nature ofDuties

Grossremuneration(Rs.)

QualificationExperience(years)

Date ofCommencementof Employment

Age(years)

LastEmploymentanddesignation

(A) Name of the employees employed throughoutthe financial year under review and were in receiptof remuneration not less than Rs. 60,00,000 perannum

Sandeep AhujaManagingDirector 6,216,000

PGDAM,BA(Hons)eco

26 09-Sep-02 50

Lexiconpublicrelation andcorpconsulatntsLtd,Director

(B) Name of the employees employed for part offinancial year under review and were in receipt ofremuneration not less than Rs. 5,00,000 per month

Etisalat BDTelecom PLtd,Designation-

8


Saurabh Gupta

DivisionalCEO -WellnessServicesBusiness

1,720,820 B Tech,MBA (IIMLucknow)

25 09-Jan-12 49

Regional

9


ExecutiveOfficer-North

Note:

1. Gross Remuneration includes salary, perquisites,incentives, bonuses and retirement benefits.

2. All the employees are on permanent basis.

3. The sub-clause (iii) of clause (a) of sub-section(2A) of section 217 of the Act is not applicable toany employee of the Company.

4. None of the employee is relative to any Directorof the Company.


Mukesh Luthra

Chairman

New Delhi

6 July 2012

Statement pursuant to section 217 (2A) of theCompanies Act, 1956 read with the CompaniesParticulars of Employees) Rules, 1975 (forming partof Directors' Report for the year ended 31st March,2012) in respect of employees of the VLCC PersonalCare Limited

Name of EmployeeDesignation/ Nature ofDuties

Grossremuneration(Rs.)

QualificationExperience(years)

Date ofCommencementof Employment

Age(years)

LastEmployment

(A) Name of the employees employed throughoutthe financial year under review and were in receiptof remuneration not less than Rs. 60,00,000 perannum

Ashutosh BharadwajExecutiveDirector

7,135,956

B. Sc., PostGraduateDiploma inBusinessManagement

25 01-Apr-09 47CEO, AcmeTelepowerLimited

(B) Name of the employees employed for part offinancial year under review and were in receipt ofremuneration not less than Rs. 5,00,000 per month

nil

Note:

1. Gross Remuneration includes salary, perquisites,incentives and retirement benefits.

2. All the employees are on permanent basis.

3. The sub-clause (iii) of clause (a) of sub-section(2A) of section 217 of the Act is not applicable toany employee of the Company.

4. None of the employee is relative to any Directorof the Company.


Sandeep Ahuja AshutsohBhardwaj

Director Director

Din No: 00043118 Din No:

10


New Delhi

6 July 2012


Description of state of companies affairWhile Income from operations grew 10% over the previous year, EBIDTA (before dividend from subsidiaries and payment to collaborators)registered a 28% growth. The PAT (before dividend from subsidiaries) grew from ` 7.36 crores to ` 8.01 crores. Simultaneously, Cash Flow fromoperating activities for the year increased to ` 37.50 crores from ` 30.15 crores last year, an increase of 26%. At consolidated level, theperformance of the Group has also delivered considerable growth, with Consolidated Revenue going up by 26% while EBITDA and PAT showedan increase of 43% and 56% respectively.


Disclosures relating to dividendsThe Company is in an accelerated growth phase in a high opportunity space and is accordingly reinvesting in its business, accordingly your Boardrecommends not to declare any dividend for the financial year ended 31st March 2012. (Previous year dividend @23% of the paid up equity sharecapital of the Company was declared)


Details regarding energy conservationYour Company, being a service provider organization, most of the information as required under Section 217(1)(e) of the Companies Act, 1956,read with the Companies (Disclosure of particulars in the report of the Board of Directors) Rules, 1988, as amended is not applicable and hencethe point of energy conservation is of marginal importance.


Details regarding foreign exchange earnings and outgoThe foreign exchange earning during the year has been Rs. 0.64 crores (previous year Rs. 0.77 crores). An amount of Rs. 1.47 crores (previousyear Rs. 1.38 crores) has been spent by the Company on foreign travel and business promotion in foreign exchange. Imports during the year are atRs. 3.53 crores (previous year Rs. 9.51 crores). The Company is not involved in export activities as such and has only exportedconsumption/retail products and equipment to its wholly-owned subsidiary company based in Dubai and has correspondingly booked exportssales of Rs. 0.64 crores (previous year Rs. 0.77 crores). The Company primarily operates in domestic markets and as such does not have anyspecific exports initiatives to report to members.


Particulars of employees as per provisions of section 217A list of the employees of the Company who are in receipt of remuneration exceeding the limits prescribed under Section 217 (2A) of theCompanies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 is attached.

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Disclosures in director?s responsibility statementDirectors' Responsibility Statement In terms of the provisions of Section 217(2AA) of the Companies Act, 1956, as amended by the CompaniesAmendment Act, 2000, the members of the Board place on record the Director's Responsibility Statement as under: 1. That in the preparation ofannual accounts under review the applicable accounting standards have been followed along with proper explanations relating to materialdepartures. 2. That the directors had selected such accounting policies and applied them consistently and made judgments and estimates that arereasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of financial year and of the profits of theCompany for that period. 3. That the directors had taken proper and sufficient care for the maintenance of adequate accounting records inaccordance with the provisions of Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud andother irregularities. 4. That the directors had prepared the annual accounts on a going concern basis.

[400200] Disclosures - Auditors report

Details regarding auditors [Table] ..(1)

Unless otherwise specified, all monetary values are in INRAuditors [Axis] Auditors

01/04/2011 to

31/03/2012 Details regarding auditors [Abstract] Details regarding auditors [LineItems] Category of auditor Auditors firm

Name of audit firm DELOITTEHASKINS &SELLS

Name of auditor signing report ROY DEEPAK

Firms registration number of audit firm 015125N

Membership number of auditor 053091

Address of auditors Gurgaon

Permanent account number of auditor or auditor's firm AABFD2095B

SRN of form 23B S06151807

Date of signing audit report by auditors 06/07/2012

Date of signing of balance sheet by auditors 06/07/2012

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Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis]Auditor's

favourable remark[Member]

01/04/2011 to

31/03/2012 Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Abstract] Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [LineItems] Disclosure in auditors report relating to fixed assets As per Report

Disclosure relating to quantitative details of fixed assets

The Company hasmaintained properrecords showing fullparticulars, includingquantitative detailsand situation of thefixed assets.

Disclosure relating to physical verification and material discrepancies of fixed assets Textual information(8) [See below]

Disclosure relating to fixed assets disposed off Textual information(9) [See below]

Disclosure in auditors report relating to inventories As per Report

Disclosure of physical verification of inventories at fixed intervals

As explained to us,the stock ofconsumables exceptmaterial in transitwere physicallyverified during theyear by theManagement atreasonable intervals.

Disclosure of procedure followed for physical verification of inventories Textual information(10) [See below]

Disclosure about maintenance of inventory records and material discrepancies Textual information(11) [See below]

Disclosure in auditors report relating to loans Textual information(12) [See below]

Disclosure in auditors report relating to internal control system Textual information(13) [See below]

Disclosure in auditors report relating to contracts and arrangements under section 301 of companies act

Textual information(14) [See below]

Disclosure relating to presence of register for necessary transactions Not Applicable

Disclosure relating to reasonability of transactions Not Applicable

Disclosure in auditors report relating to deposits accepted from public Textual information(15) [See below]

Disclosure in auditors report relating to companies internal audit system Textual information(16) [See below]

Disclosure in auditors report relating to maintenance of cost records Textual information(17) [See below]

Disclosure in auditors report relating to statutory dues As per Report

Disclosure relating to regularity in payment of undisputed statutory dues Textual information(18) [See below]

Disclosure relating to disputed statutory dues Textual information(19) [See below]

Disclosure in auditors report relating to accumulated losses

The Company didnot have anyaccumulated lossesas at the end of thefinancial year andhas not incurred cashlosses in thefinancial year and inthe immediatelypreceding financialyear.

Disclosure in auditors report relating to default in repayment of financial dues Textual information(20) [See below]

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Disclosure in auditors report relating to loans and advances granted by way of pledge of shares debentures and other securities

According to theinformation andexplanations givento us, the Companyhas not granted anyloans and advanceson the basis ofsecurity by way ofpledge of shares,debentures and othersecurities.

Disclosure in auditors report relating to provisions under special statute

In our opinion andaccording to theinformation andexplanations givento us, the Companyis not a chit fund or anidhi/mutual benefitfund/society.

Disclosure in auditors report relating to adequacy of records maintained by share trading companies

According to theinformation andexplanations givento us, the Companyis not dealing ortrading in shares,securit ies,debentures and otherinvestments.

Disclosure in auditors report relating to guarantee given Textual information(21) [See below]

Disclosure in auditors report relating to term loans used for purpose other than for purpose they were raised


Disclosure in auditors report relating to nature and amount of fund raised for short-term has been used for long-term or vice versa


Disclosure in auditors report relating to preferential allotment of shares

The Company hasnot made anypreferentialallotment of sharesto parties andcompanies coveredin the registermaintained underSection 301 of theCompanies Act,1956.

Disclosure in auditors report relating to securities created against debentures issued

The Company hasnot issued anydebentures duringthe year.

Disclosure in auditors report relating to purpose and end use of money raised through public issues

The Company hasnot raised anymoney by way ofpublic issues duringthe year.

Disclosure in auditors report relating to any material fraud reported during period

To the best of ourknowledge andaccording to theinformation andexplanations givento us, no fraud by theCompany and nofraud on theCompany has beennoticed or reportedduring the year.


to 31/03/2012

Disclosure in auditor?s report explanatory [TextBlock] Textual information (24) [See below]

Whether companies auditors report order is applicable on company Yes

Whether auditors' report has been qualified or has any reservations or contains adverse remarks

No

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Disclosure relating to physical verification and material discrepancies of fixed assetsThe fixed assets were physically verified during the year by the Management in accordance with a regular programme of verification which, inour opinion, provides for physical verification of all the fixed assets at reasonable intervals. According to the information and explanation givento us, no material discrepancies were noticed on such verification.


Disclosure relating to fixed assets disposed offThe fixed assets disposed off during the year, in our opinion, do not constitute a substantial part of the fixed assets of the Company and suchdisposal has, in our opinion, not affected the going concern status of the Company.


Disclosure of procedure followed for physical verification of inventoriesIn our opinion and according to the information and explanation given to us, the procedures of physical verification of inventories followed by theManagement were reasonable and adequate in relation to the size of the Company and the nature of its business.


Disclosure about maintenance of inventory records and material discrepanciesIn our opinion and according to the information and explanations given to us, the Company has maintained proper records of its inventories andno material discrepancies were noticed on physical verification.


Disclosure in auditors report relating to loansThe Company has neither granted nor taken any loans, secured or unsecured, to/from companies, firms or other parties listed in the Registermaintained under Section 301 of the Companies Act, 1956. Accordingly clauses (iii)(b), (iii)(c), (iii)(d), (iii)(f) and (iii)(g) of paragraph 4 ofCARO are not applicable to the Company.


Disclosure in auditors report relating to internal control systemIn our opinion and according to the information and explanations given to us, there is an adequate internal control system commensurate with thesize of the Company and the nature of its business with regard to purchases of inventory and fixed assets and for the sale of goods and services.During the course of our audit, we have not observed any major weakness in such internal control system.


Disclosure in auditors report relating to contracts and arrangements under section 301 of companies actIn our opinion and according to the information and explanations given to us, there are no transactions made in pursuance of contracts andarrangements the particulars of which need to be entered in the register required to be maintained under Section 301 of the Companies Act, 1956.Accordingly clause (v)(b) of paragraph 4 of CARO is not applicable to the Company.

15



Disclosure in auditors report relating to deposits accepted from publicAccording to the information and explanations given to us, the Company has not accepted any deposits from the public, within the meaning ofSections 58A and 58AA or any other relevant provisions of the Companies Act, 1956 and the Companies (Acceptance of Deposits) Rules, 1975.


Disclosure in auditors report relating to companies internal audit systemThe Company has outsourced its internal audit functions to a firm of chartered accountants who during the year has carried out audits at tencentres and at corporate office, such audits in our opinion are commensurate with the size and nature of its business of these centres and thecorporate office.


Disclosure in auditors report relating to maintenance of cost recordsAccording to the information and explanations given to us, the Central Government has not prescribed the maintenance of cost records underSection 209(1)(d) of the Companies Act, 1956, for the business activities of the Company.


Disclosure relating to regularity in payment of undisputed statutory duesThe Company has generally been regular in depositing other undisputed statutory dues payable in respect of income tax, professional tax, labourwelfare fund, provident fund, employee state insurance, wealth tax, central sales tax, works contract tax and customs duty with the appropriateauthorities.


Disclosure relating to disputed statutory duesThere are no dues of wealth tax, customs duty and service tax that have not been deposited on account of any dispute. According to theinformation and explanations given to us, disputed sales tax and income tax that have not been deposited are as follows: Name of the StatuteNature of Dues Amount Rs. Period to which the amount relates Forum where dispute is pending Kerala Value Added Tax Sales Tax 24,4412009-10 Commercial Tax Officer Income Tax Act, 1961 Income Tax 14,906,657 2009-10 Commissioner of Income Tax Appeals


Disclosure in auditors report relating to default in repayment of financial duesAccording to the records of the Company and the information and explanations given to us, there has been no default in repayment of dues tobanks. There are no dues to financial institutions or debenture holders outstanding during the year.


Disclosure in auditors report relating to guarantee givenAccording to the information and explanations given to us, the Company has given a corporate guarantee aggregating to Rs.736,708,750 for loanstaken from banks by VLCC Personal Care Limited, VLCC International LLC and VLCC International LLC (Bahrain) WLL and the terms andconditions of such guarantees are not prejudicial to the interest of the Company.

16



Disclosure in auditors report relating to term loans used for purpose other than for purpose they were raisedAccording to the information and explanations given to us, the term loans availed by the Company were prima facie, applied by the Companyduring the year for the purposes for which the loans were obtained.


Disclosure in auditors report relating to nature and amount of fund raised for short-term has been used for long-termor vice versa

According to the information and explanations given to us and according to the records examined by us, funds raised on short-term basis have,prima facie, not been used during the year for long term investments.

17



Disclosure in auditor?s report explanatory [Text Block]

AUDITORS' REPORT

TO THE MEMBERS OF

VLCC HEALTH CARE LIMITED

1. We have audited the attached Balance Sheet of (the Company) as at 31st March, 2012, the Statement VLCC HEALTH CARE LIMITEDof Profit and Loss and the Cash Flow Statement of the Company for the year ended on that date, both annexed thereto. These financial statementsare the responsibility of the Company's Management. Our responsibility is to express an opinion on these financial statements based on our audit.

2. We conducted our audit in accordance with the auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includesexamining, on a test basis, evidence supporting the amounts and the disclosures in the financial statements. An audit also includes assessing theaccounting principles used and the significant estimates made by the Management, as well as evaluating the overall financial statementpresentation. We believe that our audit provides a reasonable basis for our opinion.

3. As required by the Companies (Auditor's Report) Order, 2003 (CARO) issued by the Central Government in terms of Section 227(4A) of the Companies Act, 1956, we enclose in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the said Order.

4. Further to our comments in the Annexure referred to in paragraph 3 above, we report as follows:

(a) we have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit;

(b) in our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books;

(c) the Balance Sheet, the Statement of Profit and Loss and the Cash Flow Statement dealt with by this report are in agreement with the books of account;

(d) in our opinion, the Balance Sheet, the Statement of Profit and Loss and the Cash Flow Statement dealt with by this report are in compliance with the Accounting Standards referred to in Section 211(3C) of the Companies Act, 1956;

(e) in our opinion and to the best of our information and according to the explanations given to us, the said accounts give the information required by the Companies Act, 1956 in the manner so required and give a true and fair view in conformity with the accounting principlesgenerally accepted in India:

(i) in the case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 2012;

(ii) in the case of the Statement of Profit and Loss, of the profit of the Company for the year ended on that date and

(iii) in the case of the Cash Flow Statement, of the cash flows of the Company for the year ended on that date.

5. On the basis of the written representations received from the Directors as on 31st March, 2012 and taken on record by the Board of Directors, none of the Directors is disqualified as on 31st March, 2012 from being appointed as a director in terms of Section 274(1)(g) of theCompanies Act, 1956.

18


ANNEXURE TO THE AUDITORS' REPORT

Referred to in paragraph 3 of our report of even date)(

(i) In respect of its fixed assets:

(a) The Company has maintained proper records showing full particulars, including quantitative details and situation of the fixed assets.

(b) The fixed assets were physically verified during the year by the Management in accordance with a regular programme of verificationwhich, in our opinion, provides for physical verification of all the fixed assets at reasonable intervals. According to the information and

explanation given to us, no material discrepancies were noticed on such verification.

(c) The fixed assets disposed off during the year, in our opinion, do not constitute a substantial part of the fixed assets of the Companyand such disposal has, in our opinion, not affected the going concern status of the Company.

(ii) In respect of its inventory:

(a) As explained to us, the stock of consumables except material in transit were physically verified during the year by the Managementat reasonable intervals.

(b) In our opinion and according to the information and explanation given to us, the procedures of physical verification of inventoriesfollowed by the Management were reasonable and adequate in relation to the size of the Company and the nature of its business.

(c) In our opinion and according to the information and explanations given to us, the Company has maintained proper records of itsinventories and no material discrepancies were noticed on physical verification.

(iii) The Company has neither granted nor taken any loans, secured or unsecured, to/from companies, firms or other parties listed in the Register maintained under Section 301 of the Companies Act, 1956. Accordingly clauses (iii)(b), (iii)(c), (iii)(d), (iii)(f) and (iii)(g) of paragraph 4

of CARO are not applicable to the Company.

(iv) In our opinion and according to the information and explanations given to us, there is an adequate internal control systemcommensurate with the size of the Company and the nature of its business with regard to purchases of inventory and fixed assets and for the saleof goods and services. During the course of our audit, we have not observed any major weakness in such internal control system.

(v) In our opinion and according to the information and explanations given to us, there are no transactions made in pursuance ofcontracts and arrangements the particulars of which need to be entered in the register required to be maintained under Section 301 of theCompanies Act, 1956. Accordingly clause (v)(b) of paragraph 4 of CARO is not applicable to the Company.

(vi) According to the information and explanations given to us, t he Company has not accepted any deposits from the public, within themeaning of Sections 58A and 58AA or any other relevant provisions of the Companies Act, 1956 and the Companies (Acceptance of Deposits)

Rules, 1975 .

(vii) The Company has outsourced its internal audit functions to a firm of chartered accountants who during the year has carried out auditsat ten centres and at corporate office, such audits in our opinion are commensurate with the size and nature of its business of these centres and thecorporate office.

(viii) According to the information and explanations given to us, the Central Government has not prescribed the maintenance of cost recordsunder Section 209(1)(d) of the Companies Act, 1956, for the business activities of the Company.

(ix) According to the information and explanations given to us in respect of statutory dues:

19


(a) The Company has generally been regular in depositing other undisputed statutory dues payable in respect of income tax,professional tax, labour welfare fund, provident fund, employee state insurance, wealth tax, central sales tax, works contract tax and customs dutywith the appropriate authorities.

(b) There were no undisputed amounts payable in respect of income-tax, wealth tax, custom duty, excise duty and other material statutory dues in arrears as at 31st March, 2012 for a period of more than six months from the date they became payable.

(c) There are no dues of wealth tax, customs duty and service tax that have not been deposited on account of any dispute.

According to the information and explanations given to us, disputed sales tax and income tax that have not been deposited are as follows:

Name of the Statute Nature of DuesAmount

Rs.Period to which the amount relates Forum where dispute is pending

Kerala Value Added Tax Sales Tax 24,441 2009-10 Commercial Tax Officer

Income Tax Act, 1961 Income Tax 14,906,657 2009-10 Commissioner of Income Tax Appeals

(x) The Company did not have any accumulated losses as at the end of the financial year and has not incurred cash losses in the financialyear and in the immediately preceding financial year.

(xi) According to the records of the Company and the information and explanations given to us, there has been no default in repayment of dues to banks. There are no dues to financial institutions or debenture holders outstanding during the year .

(xii) According to the information and explanations given to us, the Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities.

(xiii) In our opinion and according to the information and explanations given to us, the Company is not a chit fund or a nidhi/mutual benefitfund/society.

(xiv) According to the information and explanations given to us, the Company is not dealing or trading in shares, securities, debentures and other investments.

(xv) According to the information and explanations given to us, the Company has given a corporate guarantee aggregating to Rs.736,708,750 for loans taken from banks by VLCC Personal Care Limited, VLCC International LLC and VLCC International LLC (Bahrain)

WLL and the terms and conditions of such guarantees are not prejudicial to the interest of the Company.

(xvi) According to the information and explanations given to us, the term loans availed by the Company were prima facie, applied by the Company during the year for the purposes for which the loans were obtained.

(xvii) According to the information and explanations given to us and according to the records examined by us, funds raised on short-term basis have, prima facie, not been used during the year for long term investments.

(xviii) The Company has not made any preferential allotment of shares to parties and companies covered in the register maintained under Section 301 of the Companies Act, 1956.

(xix) The Company has not issued any debentures during the year.

(xx) The Company has not raised any money by way of public issues during the year.

20


(xxi) To the best of our knowledge and according to the information and explanations given to us, no fraud by the Company and no fraud onthe Company has been noticed or reported during the year.

[100100] Balance sheet

Unless otherwise specified, all monetary values are in INR31/03/2012 31/03/2011

Balance sheet [Abstract] Equity and liabilities [Abstract] Shareholders' funds [Abstract] Share capital 2,20,08,510 2,20,08,510

Reserves and surplus 111,35,56,322 103,33,84,210

Money received against share warrants 0 0

Total shareholders' funds 113,55,64,832 105,53,92,720

Share application money pending allotment 0 0

Deferred government grants 0 0

Minority interest 0 0

Non-current liabilities [Abstract] Long-term borrowings 56,02,08,853 65,71,69,696

Other long-term liabilities 18,20,676 69,72,938

Long-term provisions 50,56,053 59,90,233

Total non-current liabilities 56,70,85,582 67,01,32,867

Current liabilities [Abstract] Short-term borrowings 0 0

Trade payables 24,09,52,489 27,78,32,602

Other current liabilities 47,40,20,030 44,39,56,042

Short-term provisions 2,62,20,604 2,96,02,052

Total current liabilities 74,11,93,123 75,13,90,696

Total equity and liabilities 244,38,43,537 247,69,16,283

Assets [Abstract] Non-current assets [Abstract] Fixed assets [Abstract] Tangible assets 107,27,61,036 109,36,80,490

Intangible assets 3,43,88,403 2,94,40,003

Tangible assets capital work-in-progress 0 2,15,53,571

Intangible assets under development or work-in-progress 25,88,186 60,31,805

Total fixed assets 110,97,37,625 115,07,05,869

Non-current investments 80,80,49,612 80,80,49,612

Deferred tax assets (net) 2,23,82,356 58,84,806

Long-term loans and advances 16,82,57,116 17,39,62,345

Other non-current assets 4,59,172 8,50,019

Total non-current assets 210,88,85,881 213,94,52,651

Current assets [Abstract] Current investments 0 0

Inventories 8,70,95,929 9,96,62,178

Trade receivables 86,67,398 98,53,400

Cash and bank balances 19,45,14,150 17,83,64,213

Short-term loans and advances 3,77,83,826 4,52,78,199

Other current assets 68,96,353 43,05,642

Total current assets 33,49,57,656 33,74,63,632

Total assets 244,38,43,537 247,69,16,283

21


[400300] Disclosures - Signatories of balance sheet

Details of directors signing balance sheet [Table] ..(1)

Unless otherwise specified, all monetary values are in INRDirectors signing balance sheet [Axis] Sign1 Sign2

01/04/2011 to

31/03/2012

01/04/2011 to

31/03/2012Details of signatories of balance sheet [Abstract] Details of directors signing balance sheet [Abstract] Details of directors signing balance sheet [LineItems] Name of director signing balance sheet [Abstract] First name of director MUKESH SANDEEP

Last name of director LUTHRA AHUJA

Designation of director Chairman Managing director

Director identification number of director 00296830 00043118

Date of signing of balance sheet by director 06/07/2012 06/07/2012


to 31/03/2012

Name of company secretary Narinder Kumar

Permanent account number of company secretary AAAPK0280G

Date of signing of balance sheet by company secretary 06/07/2012

22


[100400] Cash flow statement, indirect


to 31/03/2012

01/04/2010 to

31/03/2011Statement of cash flows [Abstract] Cash flows from used in operating activities [Abstract] Profit before extraordinary items and tax 11,93,74,562 12,23,59,683

Adjustments for reconcile profit (loss) [Abstract] Adjustments to profit (loss) [Abstract] Adjustments for finance costs 0 0

Adjustments for depreciation and amortisation expense 19,96,29,217 16,80,57,073

Adjustments for impairment loss reversal of impairment loss recognised in profit or loss

0 0

Adjustments for unrealised foreign exchange losses gains -13,21,517 3,47,136

Adjustments for dividend income 0 0

Adjustments for share-based payments 0 0

Other adjustments for which cash effects are investing or financing cash flow

48,62,725 43,54,805

Other adjustments to reconcile profit (loss) 0 0

Other adjustments for non-cash items 0 0

Share of profit and loss from partnership firm or association of persons or limited liability partnerships

0 0

Total adjustments to profit (loss) 20,31,70,425 17,27,59,014

Adjustments for working capital [Abstract] Adjustments for decrease (increase) in inventories 1,25,66,249 -4,51,71,500

Adjustments for decrease (increase) in trade receivables 15,86,713 19,39,348

Adjustments for decrease (increase) in other current and non-current assets

37,00,512 -1,45,42,974

Adjustments for increase (decrease) in trade payables -3,69,48,518 5,82,21,115

Adjustments for increase (decrease) in other current and non-current liabilities

2,11,43,262 1,22,86,096

Adjustments for provisions -9,51,448 21,18,000

Total adjustments for working capital 10,96,770 1,48,50,085

Total adjustments for reconcile profit (loss) 20,42,67,195 18,76,09,099

Net cash flows from (used in) operations 32,36,41,757 30,99,68,782

Dividends received 0 -1,50,53,397

Interest paid -10,59,18,349 -4,98,58,001

Interest received -4,53,756 -4,19,402

Income taxes (paid) refund 5,40,46,210 4,28,76,097

Other inflows (outflows) of cash 0 0

Net cash flows from (used in) operating activities before extraordinary items

37,50,60,140 30,14,77,887

Proceeds from extraordinary items 0 0

Payment for extraordinary items 0 0

Net cash flows from (used in) operating activities 37,50,60,140 30,14,77,887

Cash flows from used in investing activities [Abstract] Cash flows from losing control of subsidiaries or other businesses 0 0

Cash flows used in obtaining control of subsidiaries or other businesses 0 0

Other cash receipts from sales of equity or debt instruments of other entities

28,04,54,382 3,01,30,568

Other cash payments to acquire equity or debt instruments of other entities

28,00,00,000 13,48,06,396

Other cash receipts from sales of interests in joint ventures 0 0

Other cash payments to acquire interests in joint ventures 0 0

Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships

0 0

Cash payment for investment in partnership firm or association of persons or limited liability partnerships

0 0

Proceeds from sales of tangible assets 9,11,139 30,08,191

Purchase of tangible assets 15,67,50,468 34,11,35,830

Proceeds from sales of intangible assets 0 0

23


Purchase of intangible assets 0 0

Cash advances and loans made to other parties 0 0

Cash receipts from repayment of advances and loans made to other parties 0 0

Cash payments for future contracts, forward contracts, option contracts and swap contracts

0 0

Cash receipts from future contracts, forward contracts, option contracts and swap contracts

0 0

Dividends received 0 4,24,02,370

Interest received 5,85,213 4,27,026

Income taxes (paid) refund 0 0


Proceeds from government grants 0 0

Net cash flows from (used in) investing activities before extraordinary items

-15,47,99,734 -39,99,74,071



Net cash flows from (used in) investing activities -15,47,99,734 -39,99,74,071

Cash flows from used in financing activities [Abstract] Proceeds from issuing shares 0 6,57,040

Proceeds from issuing other equity instruments 0 0

Proceeds from issuing debentures notes bonds etc 0 0

Proceeds from borrowings 37,50,00,000 64,50,00,000

Repayments of borrowings 46,84,80,345 45,55,27,773

Dividends paid 50,17,970 2,90,33,151

Interest paid 10,56,30,383 4,39,25,085

Income taxes (paid) refund 0 0


Net cash flows from (used in) financing activities before extraordinary items

-20,41,28,698 11,71,71,031



Net cash flows from (used in) financing activities -20,41,28,698 11,71,71,031

Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes

1,61,31,708 1,86,74,847

Effect of exchange rate changes on cash and cash equivalents [Abstract] Effect of exchange rate changes on cash and cash equivalents 18,229 17,773

Net increase (decrease) in cash and cash equivalents 1,61,49,937 1,86,92,620

Cash and cash equivalents cash flow statement at end of period 19,45,14,150 17,83,64,213

24


[200100] Notes - Share capital

Disclosure of classes of share capital [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClasses of share capital [Axis] Share capital [Member] Equity shares [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of classes of share capital [Abstract] Disclosure of classes of share capital [LineItems] Number of shares authorised [shares] 4,00,00,000 [shares] 4,00,00,000 [shares] 4,00,00,000 [shares] 4,00,00,000

Value of shares authorised 40,00,00,000 40,00,00,000 40,00,00,000 40,00,00,000

Number of shares issued [shares] 22,57,283 [shares] 22,57,283 [shares] 22,57,283 [shares] 22,57,283

Value of shares issued 2,25,72,830 2,25,72,830 2,25,72,830 2,25,72,830

Number of shares subscribed and fully paid [shares] 22,57,283 [shares] 22,57,283 [shares] 22,57,283 [shares] 22,57,283

Value of shares subscribed and fully paid 2,25,72,830 2,25,72,830 2,25,72,830 2,25,72,830

Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0

Value of shares subscribed but not fully paid 0 0 0 0

Total number of shares subscribed [shares] 22,57,283 [shares] 22,57,283 [shares] 22,57,283 [shares] 22,57,283

Total value of shares subscribed 2,25,72,830 2,25,72,830 2,25,72,830 2,25,72,830

Value of shares paid-up [Abstract] Number of shares paid-up [shares] 22,57,283 [shares] 22,57,283 [shares] 22,57,283 [shares] 22,57,283

Value of shares called 2,25,72,830 2,25,72,830 2,25,72,830 2,25,72,830

Calls unpaid [Abstract] Calls unpaid by directors and officers [Abstract] Calls unpaid by directors 0 0 0 0

Calls unpaid by officers 0 0 0 0

Total calls unpaid by directors and officers

0 0 0 0

Calls unpaid by others 5,64,320 5,64,320 5,64,320 5,64,320

Total calls unpaid 5,64,320 5,64,320 5,64,320 5,64,320

Forfeited shares 0 0 0 0

Forfeited shares reissued 0 0 0 0

Value of shares paid-up 2,20,08,510 2,20,08,510 2,20,08,510 2,20,08,510

Reconciliation of number of shares outstanding [Abstract] Changes in number of shares outstanding [Abstract] Increase in number of shares outstanding [Abstract] Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares issued as rights [shares] 0 [shares] 65,704 [shares] 0 [shares] 65,704

Number of shares issued in private placement

[shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares issued as preferential allotment


Number of shares allotted for contracts without payment received in cash


Number of shares issued under scheme of amalgamation


Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0

Number of shares arising out of conversion of securities

[shares] 0 [shares] 3,41,132 [shares] 0 [shares] 3,41,132

Total aggregate number of shares issued during period


Decrease in number of shares during period [Abstract] Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0

Other decrease in number of shares [shares] -56,432 [shares] -56,432 [shares] -56,432 [shares] -56,432

25


Total decrease in number of shares during period

[shares] -56,432 [shares] -56,432 [shares] -56,432 [shares] -56,432

Total increase (decrease) in number of shares outstanding

[shares] -56,432 [shares] 3,50,404 [shares] -56,432 [shares] 3,50,404

Number of shares outstanding at end of period [shares] 22,00,851 [shares] 22,00,851 [shares] 22,00,851 [shares] 22,00,851

Reconciliation of value of shares outstanding [Abstract] Changes in share capital [Abstract] Increase in share capital during period [Abstract] Amount of public issue during period 0 0 0 0

Amount of bonus issue during period 0 0 0 0

Amount of rights issue during period 0 6,57,040 0 6,57,040

Amount of private placement issue during period

0 0 0 0

Amount of preferential allotment issue during period

0 0 0 0

Amount of issue allotted for contracts without payment received in cash during period

0 0 0 0

Amount of issue under scheme of amalgamation during period

0 0 0 0

Amount of other issues during period 0 0 0 0

Amount of issue arising out of conversion of securities during period

0 34,11,320 0 34,11,320

Total aggregate amount of increase in share capital during period

0 40,68,360 0 40,68,360

Decrease in share capital during period [Abstract] Decrease in amount of shares bought back 0 0 0 0

Other decrease in amount of shares 5,64,320 5,64,320 5,64,320 5,64,320

Total decrease in share capital during period

5,64,320 5,64,320 5,64,320 5,64,320

Total increase (decrease) in share capital -5,64,320 35,04,040 -5,64,320 35,04,040

Share capital at end of period 2,20,08,510 2,20,08,510 2,20,08,510 2,20,08,510

Shares in company held by holding company or ultimate holding company or by its subsidiaries or associates [Abstract] Shares in company held by holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0

Shares in company held by ultimate holding company


Shares in company held by subsidiaries of its holding company


Shares in company held by subsidiaries of its ultimate holding company


Shares in company held by associates of its holding company


Shares in company held by associates of its ultimate holding company


Total shares in company held by holding company or ultimate holding company or by its subsidiaries or associates


Shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment


Amount of shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment

0 0 0 0

Aggregate number of fully paid-up shares issued pursuant to contracts without payment being received in cash


Aggregate number of fully paid-up shares issued by way of bonus shares


Aggregate number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0

Original paid-up value of forfeited shares 0 0 0 0

Details of application money received for allotment of securities and due for refund and interest accrued thereon [Abstract]

26


Application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund, principal

0 0 0 0

Application money received for allotment of securities and due for refund, interest accrued

0 0 0 0

Total application money received for allotment of securities and due for refund and interest accrued thereon

0 0 0 0

Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0 [shares] 0

Share premium for shares to be allotted 0 0 0 0

27


Disclosure of classes of share capital [Table] ..(2)

Unless otherwise specified, all monetary values are in INRClasses of share capital [Axis] Equity shares 1 [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of classes of share capital [Abstract] Disclosure of classes of share capital [LineItems] Type of share Equity Equity

Number of shares authorised [shares] 4,00,00,000 [shares] 4,00,00,000

Value of shares authorised 40,00,00,000 40,00,00,000

Number of shares issued [shares] 22,57,283 [shares] 22,57,283

Value of shares issued 2,25,72,830 2,25,72,830

Number of shares subscribed and fully paid [shares] 22,57,283 [shares] 22,57,283

Value of shares subscribed and fully paid 2,25,72,830 2,25,72,830

Number of shares subscribed but not fully paid [shares] 0 [shares] 0

Value of shares subscribed but not fully paid 0 0

Total number of shares subscribed [shares] 22,57,283 [shares] 22,57,283

Total value of shares subscribed 2,25,72,830 2,25,72,830

Value of shares paid-up [Abstract] Number of shares paid-up [shares] 22,57,283 [shares] 22,57,283

Value of shares called 2,25,72,830 2,25,72,830

Calls unpaid [Abstract] Calls unpaid by directors and officers [Abstract] Calls unpaid by directors 0 0

Calls unpaid by officers 0 0

Total calls unpaid by directors and officers 0 0

Calls unpaid by others 5,64,320 5,64,320

Total calls unpaid 5,64,320 5,64,320

Forfeited shares 0 0

Forfeited shares reissued 0 0

Value of shares paid-up 2,20,08,510 2,20,08,510

Par value per share [shares] 10 [shares] 10

Details of shares not fully called [Abstract] Amount per share called [shares] 10 [shares] 10

Reconciliation of number of shares outstanding [Abstract] Changes in number of shares outstanding [Abstract] Increase in number of shares outstanding [Abstract] Number of shares issued in public offering [shares] 0 [shares] 0

Number of shares issued as bonus shares [shares] 0 [shares] 0

Number of shares issued as rights [shares] 0 [shares] 65,704

Number of shares issued in private placement [shares] 0 [shares] 0

Number of shares issued as preferential allotment [shares] 0 [shares] 0

Number of shares allotted for contracts without payment received in cash [shares] 0 [shares] 0

Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0

Number of other issues of shares [shares] 0 [shares] 0

Number of shares arising out of conversion of securities [shares] 0 [shares] 3,41,132

Total aggregate number of shares issued during period [shares] 0 [shares] 4,06,836

Decrease in number of shares during period [Abstract] Number of shares bought back [shares] 0 [shares] 0

Other decrease in number of shares [shares] -56,432 [shares] -56,432

Total decrease in number of shares during period [shares] -56,432 [shares] -56,432

Total increase (decrease) in number of shares outstanding [shares] -56,432 [shares] 3,50,404

Number of shares outstanding at end of period [shares] 22,00,851 [shares] 22,00,851

Reconciliation of value of shares outstanding [Abstract] Changes in share capital [Abstract] Increase in share capital during period [Abstract] Amount of public issue during period 0 0

Amount of bonus issue during period 0 0

Amount of rights issue during period 0 6,57,040

Amount of private placement issue during period 0 0

Amount of preferential allotment issue during period 0 0

28


Amount of issue allotted for contracts without payment received in cash during period

0 0

Amount of issue under scheme of amalgamation during period 0 0

Amount of other issues during period 0 0

Amount of issue arising out of conversion of securities during period 0 34,11,320

Total aggregate amount of increase in share capital during period 0 40,68,360

Decrease in share capital during period [Abstract] Decrease in amount of shares bought back 0 0

Other decrease in amount of shares 5,64,320 5,64,320

Total decrease in share capital during period 5,64,320 5,64,320

Total increase (decrease) in share capital -5,64,320 35,04,040

Share capital at end of period 2,20,08,510 2,20,08,510

Shares in company held by holding company or ultimate holding company or by its subsidiaries or associates [Abstract] Shares in company held by holding company [shares] 0 [shares] 0

Shares in company held by ultimate holding company [shares] 0 [shares] 0

Shares in company held by subsidiaries of its holding company [shares] 0 [shares] 0

Shares in company held by subsidiaries of its ultimate holding company [shares] 0 [shares] 0

Shares in company held by associates of its holding company [shares] 0 [shares] 0

Shares in company held by associates of its ultimate holding company [shares] 0 [shares] 0

Total shares in company held by holding company or ultimate holding company or by its subsidiaries or associates

[shares] 0 [shares] 0

Shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment


Amount of shares reserved for issue under options and contracts or commitments for sale of shares or disinvestment

0 0

Aggregate number of fully paid-up shares issued pursuant to contracts without payment being received in cash

[shares] 0 [shares] 4,06,836

Aggregate number of fully paid-up shares issued by way of bonus shares [shares] 0 [shares] 0

Aggregate number of shares bought back [shares] 0 [shares] 0

Original paid-up value of forfeited shares 0 0

Details of application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund and interest accrued thereon [Abstract] Application money received for allotment of securities and due for refund, principal

0 0

Application money received for allotment of securities and due for refund, interest accrued

0 0

Total application money received for allotment of securities and due for refund and interest accrued thereon

0 0

Number of shares proposed to be issued [shares] 0 [shares] 0

Share premium for shares to be allotted 0 0

Disclosure of shareholding more than five per cent in company [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClasses of share capital [Axis] Equity shares 1 [Member]Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of shareholding more than five per cent in company [Abstract] Disclosure of shareholding more than five per cent in company [LineItems] Type of share Equity Equity Equity Equity

Name of shareholder Mukesh Luthra Mukesh Luthra Vandana Luthra Vandana Luthra

PAN of shareholder AAPPL0340R AAPPL0340R AABPL9077H AABPL9077H

Country of incorporation or residence of shareholder

INDIA INDIA INDIA INDIA

Number of shares held in company [shares] 5,50,000 [shares] 5,50,000 [shares] 10,01,100 [shares] 10,01,100

Percentage of shareholding in company 24.00% 24.00% 44.00% 44.00%

29


Disclosure of shareholding more than five per cent in company [Table] ..(2)

Unless otherwise specified, all monetary values are in INRClasses of share capital [Axis] Equity shares 1 [Member]Name of shareholder [Axis] Shareholder 3 [Member] Shareholder 4 [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of shareholding more than five per cent in company [Abstract] Disclosure of shareholding more than five per cent in company [LineItems] Type of share Equity Equity Equity Equity

Name of shareholder Leon InternationalLimited

Leon InternationalLimited

Indivision IndiaPartners

Indivision IndiaPartners

Country of incorporation or residence of shareholder

MAURITIUS MAURITIUS MAURITIUS MAURITIUS

Number of shares held in company [shares] 3,08,119 [shares] 3,08,119 [shares] 3,41,132 [shares] 3,41,132

Percentage of shareholding in company 14.00% 14.00% 15.00% 15.00%


to 31/03/2012

01/04/2010 to

31/03/2011Disclosure of notes on share capital explanatory [TextBlock] Whether there are any shareholders holding more than five per cent shares in company

Yes Yes

Number of persons on private placement of equity share 0 0

Number of persons on private placement of preference share 0 0

Number of shareholders of company 5 5

Number of allottees in case of preferential allotment 0 0

Whether reduction in capital done during year No No

Whether money raised from public offering during year No No

30


[200200] Notes - Reserves and surplus

Statement of changes in reserves [Table] ..(1)

Unless otherwise specified, all monetary values are in INRComponents of reserves [Axis] Reserves [Member] Capital redemption reserves [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Statement of changes in reserves [Abstract] Statement of changes in reserves [LineItems] Changes in reserves [Abstract] Additions to reserves [Abstract] Profit (loss) for period 8,01,72,112 37,30,26,386 0 27,55,63,337

Other additions to reserves 0 49,65,88,680 0 0

Total additions to reserves 8,01,72,112 86,96,15,066 0 27,55,63,337

Deductions to reserves [Abstract] Securities premium adjusted bonus shares 0 0

Securities premium adjusted writing off preliminary expenses

0 0

Securities premium adjusted writing off discount expenses issue shares debentures

0 0

Securities premium adjusted premium payable redemption preference shares debentures

0 0

Other utilisation of securities premium if permitted

0 0 0 0

Other deductions to reserves 0 28,08,09,017 0 0

Total deductions to reserves 0 28,08,09,017 0 0

Appropriations for dividend, dividend tax and general reserve [Abstract] Dividend appropriation [Abstract] Interim dividend appropriation [Abstract] Interim equity dividend appropriation 0 0

Interim preferred dividend appropriation

0 0

Interim special dividend appropriation 0 0

Total interim dividend appropriation 0 0

Final dividend appropriation [Abstract] Final equity dividend appropriation 0 43,17,555

Final preferred dividend appropriation 0 0

Final special dividend appropriation 0 0

Total final dividend appropriation 0 43,17,555

Total dividend appropriation 0 43,17,555

Dividend tax appropriation [Abstract] Equity dividend tax appropriation 0 7,00,415

Preferred dividend tax appropriation 0 0

Total dividend tax appropriation 0 7,00,415

Transfer to general reserve 0 88,60,277 0 0

Total appropriations for dividend, dividend tax and general reserve

0 1,38,78,247 0 0

Appropriation towards bonus shares 0 0 0 0

Total changes in reserves 8,01,72,112 57,49,27,802 0 27,55,63,337

Reserves at end of period 111,35,56,322 103,33,84,210 35,41,10,000 35,41,10,000

Venturer's share of post-acquisition reserves of jointly controlled enterprise

0 0 0 0

31



Unless otherwise specified, all monetary values are in INRComponents of reserves [Axis] Securities premium account [Member] Other reserves [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Statement of changes in reserves [Abstract] Statement of changes in reserves [LineItems] Changes in reserves [Abstract] Additions to reserves [Abstract] Profit (loss) for period 0 0 0 88,60,277

Other additions to reserves 0 49,65,88,680 0 0

Total additions to reserves 0 49,65,88,680 0 88,60,277

Deductions to reserves [Abstract] Securities premium adjusted bonus shares 0 0

Securities premium adjusted writing off preliminary expenses

0 0

Securities premium adjusted writing off discount expenses issue shares debentures

0 0

Securities premium adjusted premium payable redemption preference shares debentures

0 0

Other utilisation of securities premium if permitted

0 0 0 0

Other deductions to reserves 0 52,45,680 0 4,81,86,779

Total deductions to reserves 0 52,45,680 0 4,81,86,779

Appropriations for dividend, dividend tax and general reserve [Abstract] Dividend appropriation [Abstract] Interim dividend appropriation [Abstract] Interim equity dividend appropriation 0 0


0 0

Interim special dividend appropriation 0 0

Total interim dividend appropriation 0 0

Final dividend appropriation [Abstract] Final equity dividend appropriation 0 0

Final preferred dividend appropriation 0 0

Final special dividend appropriation 0 0

Total final dividend appropriation 0 0

Total dividend appropriation 0 0

Dividend tax appropriation [Abstract] Equity dividend tax appropriation 0 0

Preferred dividend tax appropriation 0 0

Total dividend tax appropriation 0 0

Transfer to general reserve 0 0 0 0


0 0 0 0


Total changes in reserves 0 49,13,43,000 0 -3,93,26,502



0 0 0 0

32



Unless otherwise specified, all monetary values are in INRComponents of reserves [Axis] General reserve [Member] Surplus [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Statement of changes in reserves [Abstract] Statement of changes in reserves [LineItems] Changes in reserves [Abstract] Additions to reserves [Abstract] Profit (loss) for period 0 88,60,277 8,01,72,112 8,86,02,772

Other additions to reserves 0 0 0 0

Total additions to reserves 0 88,60,277 8,01,72,112 8,86,02,772

Deductions to reserves [Abstract] Other utilisation of securities premium if permitted

0 0 0 0

Other deductions to reserves 0 4,81,86,779 0 22,73,76,558

Total deductions to reserves 0 4,81,86,779 0 22,73,76,558

Appropriations for dividend, dividend tax and general reserve [Abstract] Dividend appropriation [Abstract] Interim dividend appropriation [Abstract] Interim equity dividend appropriation 0 0 0 0


0 0 0 0

Interim special dividend appropriation 0 0 0 0

Total interim dividend appropriation 0 0 0 0

Final dividend appropriation [Abstract] Final equity dividend appropriation 0 0 0 43,17,555

Final preferred dividend appropriation 0 0 0 0

Final special dividend appropriation 0 0 0 0

Total final dividend appropriation 0 0 0 43,17,555

Total dividend appropriation 0 0 0 43,17,555

Dividend tax appropriation [Abstract] Equity dividend tax appropriation 0 0 0 7,00,415

Preferred dividend tax appropriation 0 0 0 0

Total dividend tax appropriation 0 0 0 7,00,415

Transfer to general reserve 0 0 0 88,60,277


0 0 0 1,38,78,247


Total changes in reserves 0 -3,93,26,502 8,01,72,112 -15,26,52,033



0 0 0 0


to 31/03/2012

01/04/2010 to

31/03/2011Disclosure of notes on reserves explanatory [TextBlock] Aggregate amount set aside or proposed to be set aside, to reserve 0 0

Aggregate amounts withdrawn from such reserves set aside 0 0

Share reserves joint ventures 0 0

33


[200300] Notes - Borrowings

Classification of borrowings [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClassification based on time period [Axis] Long-term [Member]

Classification of borrowings [Axis] Term loans from banks [Member] Rupee term loans from banks [Member]Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Borrowings notes [Abstract] Details of borrowings [Abstract] Details of borrowings [LineItems] Borrowings 55,80,99,918 65,62,32,048 55,80,99,918 65,62,32,048

Nature of security [Abstract]

Nature of security Textual information(25) [See below]




Details of personal security given by promoters, other shareholders or other third parties, though such security does not result in classification of borrowings as secured

Yes Yes

Details on loans guaranteed [Abstract] Aggregate amount of loans guaranteed by directors

0 0 0 0

Aggregate amount of loans guaranteed by others

55,80,99,918 65,62,32,048 55,80,99,918 65,62,32,048

Terms of repayment of long-term loans and other long-term loans

Various Various Various Various

Details on defaults on borrowings [Abstract] Outstanding amount of continuing default principal

0 0 0 0

Outstanding amount of continuing default interest

0 0 0 0



Classification of borrowings [Axis] Other loans and advances [Member] Loans taken for fixed assets [Member]Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Borrowings notes [Abstract] Details of borrowings [Abstract] Details of borrowings [LineItems] Borrowings 21,08,935 9,37,648 21,08,935 9,37,648


Nature of security

Secured byhypothecation of thevehicles that havebeen acquired.




Details on loans guaranteed [Abstract] Aggregate amount of loans guaranteed by directors

0 0 0 0

Aggregate amount of loans guaranteed by others

0 0 0 0

Terms of repayment of long-term loans and other long-term loans

Various Various Various Various

Details on defaults on borrowings [Abstract] Outstanding amount of continuing default principal

0 0 0 0

Outstanding amount of continuing default interest

0 0 0 0

34




Classification of borrowings [Axis] Loans taken for vehicles [Member]Subclassification of borrowings [Axis] Secured borrowings [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Borrowings notes [Abstract] Details of borrowings [Abstract] Details of borrowings [LineItems] Borrowings 21,08,935 9,37,648


Nature of security



Details of personal security given by promoters, other shareholders or other third parties, though such security does not result in classification of borrowings as secured

No No

Details on loans guaranteed [Abstract] Aggregate amount of loans guaranteed by directors 0 0

Aggregate amount of loans guaranteed by others 0 0

Terms of repayment of long-term loans and other long-term loans Various Various

Details on defaults on borrowings [Abstract] Outstanding amount of continuing default principal 0 0

Outstanding amount of continuing default interest 0 0


Disclosure of notes on borrowings explanatory [TextBlock] Share long-term borrowings joint ventures 0 0

Share short-term borrowings joint ventures 0 0


Nature of securitySecured by a first pari passu charge on all existing and future current assets / moveable fixed assets (other than assets specifically charged to otherlenders) and escrow of credit card receivables. The loan is also secured by keyman insurance policies taken by the company for the promoterdirector and his relatives.





35




[201000] Notes - Tangible assets

Disclosure of tangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Company total tangible assets [Member]

Sub classes of tangible assets [Axis] Owned and leased assets [Member]Carrying amount accumulated depreciation and gross

carrying amount [Axis]Carrying amount [Member] Gross carrying amount

[Member]Accumulated depreciation and

impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of tangible assets [Abstract] Disclosure of tangible assets [LineItems] Reconciliation of changes in tangible assets [Abstract] Changes in tangible assets [Abstract] Additions other than through business combinations tangible assets

17,83,27,045 36,39,58,349 17,83,27,045 36,39,58,349

Acquisitions through business combinations tangible assets

0 0 0 0

Depreciation tangible assets -19,21,39,941 -16,21,07,144 19,21,39,941 16,21,07,144

Impairment loss recognised in profit or loss tangible assets

0 0 0 0

Reversal of impairment loss recognised in profit or loss tangible assets

0 0 0 0

Revaluation increase (decrease) tangible assets

0 0 0 0

Disposals tangible assets [Abstract] Disposals tangible assets through demergers

0 0 0 0 0 0

Disposals tangible assets, others

72,64,188 69,13,350 3,94,91,624 4,96,22,440 3,22,27,436 4,27,09,090

Total disposals tangible assets

72,64,188 69,13,350 3,94,91,624 4,96,22,440 3,22,27,436 4,27,09,090

Other adjustments tangible assets [Abstract] Increase (decrease) through net exchange differences tangible assets

0 0 0 0

Other adjustments tangible assets, others

21,50,320 0 21,50,320 0 0 0

Total other adjustments tangible assets

21,50,320 0 21,50,320 0 0 0

Total changes in tangible assets

-1,89,26,764 19,49,37,855 14,09,85,741 31,43,35,909 15,99,12,505 11,93,98,054

Tangible assets at end of period 107,27,61,036 109,36,80,490 173,66,84,579 160,11,46,276 66,39,23,543 50,74,65,786

36



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Land [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


0 0 0 0


0 0 0 0

Depreciation tangible assets 0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0

Tangible assets at end of period 2,65,00,000 2,65,00,000 2,65,00,000 2,65,00,000 0 0

37



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Land [Member]

Sub classes of tangible assets [Axis] Owned assets [Member]Carrying amount accumulated depreciation and gross



impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


0 0 0 0


0 0 0 0

Depreciation tangible assets 0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0

Tangible assets at end of period 2,65,00,000 2,65,00,000 2,65,00,000 2,65,00,000 0 0

38



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Buildings [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


0 0 0 0


0 0 0 0

Depreciation tangible assets -16,170 -16,170 16,170 16,170


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


-16,170 -16,170 0 0 16,170 16,170

Tangible assets at end of period 8,74,107 8,90,277 9,91,995 9,91,995 1,17,888 1,01,718

39



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Factory building [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


0 0 0 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


-16,170 -16,170 0 0 16,170 16,170


40



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Factory building [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


0 0 0 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


-16,170 -16,170 0 0 16,170 16,170


41



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Plant and equipment [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


3,03,43,987 8,29,41,727 3,03,43,987 8,29,41,727


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


30,49,529 8,56,834 1,42,89,110 1,03,25,372 1,12,39,581 94,68,538


30,49,529 8,56,834 1,42,89,110 1,03,25,372 1,12,39,581 94,68,538


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


-1,06,03,559 4,75,47,178 1,60,54,877 7,26,16,355 2,66,58,436 2,50,69,177


42



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Factory equipments [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


3,03,43,987 8,29,41,727 3,03,43,987 8,29,41,727


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


30,49,529 8,56,834 1,42,89,110 1,03,25,372 1,12,39,581 94,68,538


30,49,529 8,56,834 1,42,89,110 1,03,25,372 1,12,39,581 94,68,538


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


-1,06,03,559 4,75,47,178 1,60,54,877 7,26,16,355 2,66,58,436 2,50,69,177


43



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Factory equipments [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


3,03,43,987 8,29,41,727 3,03,43,987 8,29,41,727


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


30,49,529 8,56,834 1,42,89,110 1,03,25,372 1,12,39,581 94,68,538


30,49,529 8,56,834 1,42,89,110 1,03,25,372 1,12,39,581 94,68,538


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


-1,06,03,559 4,75,47,178 1,60,54,877 7,26,16,355 2,66,58,436 2,50,69,177


44



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Furniture and fixtures [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


1,58,34,986 94,68,770 1,58,34,986 94,68,770


0 0 0 0

Depreciation tangible assets -61,91,714 -57,57,693 61,91,714 57,57,693


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


6,84,580 7,37,498 28,89,979 45,76,416 22,05,399 38,38,918


6,84,580 7,37,498 28,89,979 45,76,416 22,05,399 38,38,918


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


89,58,692 29,73,579 1,29,45,007 48,92,354 39,86,315 19,18,775


45



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Furniture and fixtures [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


1,58,34,986 94,68,770 1,58,34,986 94,68,770


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


6,84,580 7,37,498 28,89,979 45,76,416 22,05,399 38,38,918


6,84,580 7,37,498 28,89,979 45,76,416 22,05,399 38,38,918


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


89,58,692 29,73,579 1,29,45,007 48,92,354 39,86,315 19,18,775


46



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Vehicles [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


96,83,248 0 96,83,248 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


123 18,51,500 2,31,931 49,71,862 2,31,808 31,20,362


123 18,51,500 2,31,931 49,71,862 2,31,808 31,20,362


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


65,36,266 -47,64,144 94,51,317 -49,71,862 29,15,051 -2,07,718

Tangible assets at end of period 2,59,55,428 1,94,19,162 3,53,87,207 2,59,35,890 94,31,779 65,16,728

47



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Motor vehicles [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


96,83,248 0 96,83,248 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


123 18,51,500 2,31,931 49,71,862 2,31,808 31,20,362


123 18,51,500 2,31,931 49,71,862 2,31,808 31,20,362


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


65,36,266 -47,64,144 94,51,317 -49,71,862 29,15,051 -2,07,718


48



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Motor vehicles [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


96,83,248 0 96,83,248 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


123 18,51,500 2,31,931 49,71,862 2,31,808 31,20,362


123 18,51,500 2,31,931 49,71,862 2,31,808 31,20,362


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


65,36,266 -47,64,144 94,51,317 -49,71,862 29,15,051 -2,07,718


49



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Office equipment [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


1,55,71,274 3,27,48,568 1,55,71,274 3,27,48,568


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


10,78,421 32,32,523 99,28,142 91,13,294 88,49,721 58,80,771


10,78,421 32,32,523 99,28,142 91,13,294 88,49,721 58,80,771


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


-32,61,933 1,42,73,216 56,43,132 2,36,35,274 89,05,065 93,62,058


50



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Computer equipments [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


18,20,563 58,41,016 18,20,563 58,41,016


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


62,422 1,30,464 20,89,068 24,33,165 20,26,646 23,02,701


62,422 1,30,464 20,89,068 24,33,165 20,26,646 23,02,701


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


-33,30,519 -2,55,537 -2,68,505 34,07,851 30,62,014 36,63,388


51



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Computer equipments [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


18,20,563 58,41,016 18,20,563 58,41,016


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


62,422 1,30,464 20,89,068 24,33,165 20,26,646 23,02,701


62,422 1,30,464 20,89,068 24,33,165 20,26,646 23,02,701


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


-33,30,519 -2,55,537 -2,68,505 34,07,851 30,62,014 36,63,388


52



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Other equipments [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


1,37,50,711 2,69,07,552 1,37,50,711 2,69,07,552


0 0 0 0

Depreciation tangible assets -1,26,66,126 -92,76,740 1,26,66,126 92,76,740


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


10,15,999 31,02,059 78,39,074 66,80,129 68,23,075 35,78,070


10,15,999 31,02,059 78,39,074 66,80,129 68,23,075 35,78,070


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


68,586 1,45,28,753 59,11,637 2,02,27,423 58,43,051 56,98,670


53



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Other equipments [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


1,37,50,711 2,69,07,552 1,37,50,711 2,69,07,552


0 0 0 0

Depreciation tangible assets -1,26,66,126 -92,76,740 1,26,66,126 92,76,740


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


10,15,999 31,02,059 78,39,074 66,80,129 68,23,075 35,78,070


10,15,999 31,02,059 78,39,074 66,80,129 68,23,075 35,78,070


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


68,586 1,45,28,753 59,11,637 2,02,27,423 58,43,051 56,98,670


54



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Leasehold improvements [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


10,68,93,550 23,87,99,284 10,68,93,550 23,87,99,284


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


24,51,535 2,34,995 1,21,52,462 2,06,35,496 97,00,927 2,04,00,501


24,51,535 2,34,995 1,21,52,462 2,06,35,496 97,00,927 2,04,00,501


0 0 0 0


21,50,320 0 21,50,320 0 0 0


21,50,320 0 21,50,320 0 0 0


-2,05,40,060 13,49,24,196 9,68,91,408 21,81,63,788 11,74,31,468 8,32,39,592


55



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Leasehold improvements [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


10,68,93,550 23,87,99,284 10,68,93,550 23,87,99,284


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


24,51,535 2,34,995 1,21,52,462 2,06,35,496 97,00,927 2,04,00,501


24,51,535 2,34,995 1,21,52,462 2,06,35,496 97,00,927 2,04,00,501


0 0 0 0


21,50,320 0 21,50,320 0 0 0


21,50,320 0 21,50,320 0 0 0


-2,05,40,060 13,49,24,196 9,68,91,408 21,81,63,788 11,74,31,468 8,32,39,592


56


Disclosure of additional information tangible assets [Table] ..(1)


Classes of tangible assets [Axis] Company total tangible assets[Member]

Land [Member]

Sub classes of tangible assets [Axis] Owned and leased assets[Member]

Owned and leased assets[Member]

Owned assets [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of additional information tangible assets [Abstract] Disclosure of additional information tangible assets [LineItems]

Depreciation method tangible assets Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod

Useful lives or depreciation rates tangible assets

Total Total 0% 0% 0% 0%

Explanation on revaluation of fixed assets [Abstract] Additional depreciation on revalued amount of tangible assets disclosed separately if material

0 0 0 0 0 0

Tangible assets carrying amount of assets retired from active use

0 0 0 0 0 0

Tangible assets restrictions on title [Abstract] Tangible assets purchased on hire purchase

0 0 0 0 0 0

Tangible assets jointly owned by enterprise and accounted for on pro rata basis

0 0 0 0 0 0

Expenditure incurred on account of tangible assets in course of construction or acquisition

0 0 0 0 0 0

Share tangible assets joint ventures, net

0 0

57



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Buildings [Member] Factory building [Member]




01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to



Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod


1.63% 1.63% 3.34% 3.34% 3.34% 3.34%


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Plant and equipment [Member] Factory equipments [Member]




01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to



Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod


1.63% 1.63% 4.75% 4.75% 4.75% 4.75%


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0

58



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member]


Owned assets [Member] Owned and leased assets[Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to



Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod


6.33% 6.33% 6.33% 6.33% 9.50% 9.50%


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Motor vehicles [Member] Office equipment [Member]



01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to



Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod


9.50% 9.50% 9.50% 9.50% 4.75% 4.75%


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0

59



Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Computer equipments [Member] Other equipments [Member]



01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to



Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod


16.21% 16.21% 16.21% 16.21% 4.75% 4.75%


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


Unless otherwise specified, all monetary values are in INRClasses of tangible assets [Axis] Other equipments [Member] Leasehold improvements [Member]

Sub classes of tangible assets [Axis] Owned assets [Member] Owned and leased assets[Member]


01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to



Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod


4.75% 4.75% Lease Period Lease Period Lease Period Lease Period


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0

60



to 31/03/2012

01/04/2010 to

31/03/2011Disclosure of notes on tangible assets explanatory [TextBlock] Share tangible assets joint ventures, net 0 0

61


[201100] Notes - Intangible assets

Disclosure of intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Company total intangible assets [Member]

Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]Carrying amount accumulated amortization and

impairment and gross carrying amount [Axis]Carrying amount [Member] Gross carrying amount

[Member]Accumulated amortization and

impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of intangible assets [Abstract] Disclosure of intangible assets [LineItems] Reconciliation of changes in intangible assets [Abstract] Changes in intangible assets [Abstract] Additions to intangible assets [Abstract] Additions through internal development

1,04,44,986 0 1,04,44,986 0

Additions other than through business combinations intangible assets

0 53,05,249 0 53,05,249

Acquisitions through business combinations intangible assets

0 0 0 0

Total additions to intangible assets

1,04,44,986 53,05,249 1,04,44,986 53,05,249

Amortization intangible assets -74,89,276 -59,49,929 74,89,276 59,49,929

Impairment loss recognised in profit or loss intangible assets

0 0 0 0

Reversal of impairment loss recognised in profit or loss intangible assets

0 0 0 0

Revaluation increase (decrease) intangible assets

0 0 0 0

Disposals intangible assets [Abstract] Disposals intangible assets through demergers

0 0 0 0 0 0

Disposals intangible assets, others

0 0 0 0 0 0

Total disposals intangible assets

0 0 0 0 0 0

Retirements of intangible assets

0 0 0 0 0 0

Other adjustments intangible assets [Abstract] Increase (decrease) through net exchange differences intangible assets

0 0 0 0

Other adjustments intangible assets, others

0 0 0 0 0 0

Total other adjustments intangible assets

0 0 0 0 0 0

Total changes in intangible assets

29,55,710 -6,44,680 1,04,44,986 53,05,249 74,89,276 59,49,929

Intangible assets at end of period 3,43,88,403 2,94,40,003 7,40,19,229 5,81,26,805 3,96,30,826 2,86,86,802

62



Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Goodwill [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

Amortization intangible assets -53,840 -53,840 53,840 53,840


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


-53,840 -53,840 0 0 53,840 53,840

Intangible assets at end of period 2,14,033 2,67,873 14,71,556 14,71,556 12,57,523 12,03,683

63



Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Goodwill on consolidation subsidiaries [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


-53,840 -53,840 0 0 53,840 53,840


64



Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Goodwill on consolidation subsidiaries [Member]

Sub classes of intangible assets [Axis] Internally generated intangible assets [Member]Carrying amount accumulated amortization and



impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


-53,840 -53,840 0 0 53,840 53,840


65



Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Brands and trade marks [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


-45,80,000 -45,80,000 0 0 45,80,000 45,80,000


66



Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Brands [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


-45,80,000 -45,80,000 0 0 45,80,000 45,80,000


67



Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Brands [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


-45,80,000 -45,80,000 0 0 45,80,000 45,80,000


68



Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Computer software [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


1,04,44,986 0 1,04,44,986 0


0 53,05,249 0 53,05,249


0 0 0 0


1,04,44,986 53,05,249 1,04,44,986 53,05,249



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


86,99,550 50,99,160 1,04,44,986 53,05,249 17,45,436 2,06,089

Intangible assets at end of period 1,57,91,400 50,99,160 2,11,97,673 53,05,249 54,06,273 2,06,089

69



Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Computer software [Member]

Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]Carrying amount accumulated amortization and



impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


1,04,44,986 0 1,04,44,986 0


0 53,05,249 0 53,05,249


0 0 0 0


1,04,44,986 53,05,249 1,04,44,986 53,05,249



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


86,99,550 50,99,160 1,04,44,986 53,05,249 17,45,436 2,06,089

Intangible assets at end of period 1,57,91,400 50,99,160 2,11,97,673 53,05,249 54,06,273 2,06,089

70



Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Other intangible assets [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


-11,10,000 -11,10,000 0 0 11,10,000 11,10,000


71



Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Other intangible assets, others [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of intangible assets [Abstract] Disclosure of intangible assets [LineItems]

Nature of other intangible assets CinematographFilm

CinematographFilm

CinematographFilm

CinematographFilm

CinematographFilm

CinematographFilm

Reconciliation of changes in intangible assets [Abstract] Changes in intangible assets [Abstract] Additions to intangible assets [Abstract] Additions through internal development

0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


-11,10,000 -11,10,000 0 0 11,10,000 11,10,000


72



Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Other intangible assets, others [Member]




impairment [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of intangible assets [Abstract] Disclosure of intangible assets [LineItems]

Nature of other intangible assets CinematographFilm

CinematographFilm

CinematographFilm

CinematographFilm

CinematographFilm

CinematographFilm

Reconciliation of changes in intangible assets [Abstract] Changes in intangible assets [Abstract] Additions to intangible assets [Abstract] Additions through internal development

0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


-11,10,000 -11,10,000 0 0 11,10,000 11,10,000


73


Disclosure of additional information intangible assets [Table] ..(1)


Classes of intangible assets [Axis] Company total intangible assets[Member]

Goodwill [Member] Goodwill on consolidationsubsidiaries [Member]

Sub classes of intangible assets [Axis]Internally generated and other

than internally generatedintangible assets [Member]

Internally generated and otherthan internally generated

intangible assets [Member]



01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of additional information intangible assets [Abstract] Disclosure of additional information intangible assets [LineItems] Useful lives or amortization rates intangible assets

Various Various 10 years 10 years 10 years 10 years

Description of amortization method used

Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod

Intangible assets restrictions on title [Abstract] Carrying amount of intangible assets restrictions on title

0 0 0 0 0 0

Carrying amount of intangible assets pledged as security

0 0 0 0 0 0

Contractual commitments for acquisition of intangible assets

0 0 0 0 0 0



Classes of intangible assets [Axis] Goodwill on consolidationsubsidiaries [Member]

Brands and trade marks[Member]

Brands [Member]

Sub classes of intangible assets [Axis]Internally generated intangible

assets [Member]





01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


10 years 10 years 10 years 10 years 10 years 10 years


Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0

74



Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Brands [Member] Computer software [Member]

Sub classes of intangible assets [Axis]Internally generated intangible

assets [Member]



Intangible assets other thaninternally generated [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to




Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


Unless otherwise specified, all monetary values are in INRClasses of intangible assets [Axis] Other intangible assets [Member] Other intangible assets, others [Member]

Sub classes of intangible assets [Axis]Internally generated and other

than internally generatedintangible assets [Member]



Internally generated intangibleassets [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to




Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod

Straight LineMethod


0 0 0 0 0 0


0 0 0 0 0 0


0 0 0 0 0 0


to 31/03/2012

01/04/2010 to

31/03/2011Disclosure of notes on intangible assets explanatory [TextBlock] Aggregate amount of research and development expenditure recognised as expense

0 0

Share intangible assets joint ventures, net 0 0

75


[200400] Notes - Non-current investments

Details of non-current investments [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClassification of non-current investments [Axis] Inv1 Inv2

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Non-current investments [Abstract] Disclosure of details of non-current investments [Abstract] Details of non-current investments [LineItems]

Type of non-current investments Investment insubsidiaries equityinstruments

Investment insubsidiaries equityinstruments

Investments ingovernment or trustsecurities

Investments ingovernment or trustsecurities

Class of non-current investments Trade investments Trade investments Other investments Other investments

Nature of non-current investments Unquoted Unquoted Unquoted Unquoted

Non-current investments 80,80,26,612 80,80,26,612 23,000 23,000

Name of body corporate in whom investment has been made

1. VLCC IndiaLimited, 2. VLCCPersonal CareLimited, 3. VLCCInternational Inc., 4.VLCC RetailLimited

1. VLCC IndiaLimited, 2. VLCCPersonal CareLimited, 3. VLCCInternational Inc., 4.VLCC Retail Limited

6 year NationalSavings Cerificate

6 year NationalSavings Cerificate

Details of whether such body corporate is subsidiary, associate, joint venture or controlled special purpose entity

Subsidiaries Subsidiaries

Nature of non-current investment made in body corporate

[shares]80,93,81,612

[shares] 80,93,81,612 [shares] 23,000 [shares] 23,000

Details of non-current investment made in partnership firms [Abstract] Details of capital of partnership firm [Abstract] Total capital of partnership firm 0 0 0 0

Details of share of each partner in capital of partnership firm

0 0 0 0


Disclosure of notes on non-current investments explanatory [TextBlock] Aggregate amount of quoted non-current investments 0 0

Market value of quoted non-current investments 0 0

Aggregate amount of unquoted non-current investments 80,80,49,612 80,80,49,612

Aggregate provision for diminution in value of non-current investments 13,55,000 13,55,000

Share non-current investments joint ventures 0 0

[200500] Notes - Current investments


Disclosure of notes on current investments explanatory [TextBlock] Aggregate amount of quoted current investments 0 0

Market value of quoted current investments 0 0

Aggregate amount of unquoted current investments 0 0

Aggregate provision for diminution in value of current investments 0 0

Share current investments joint ventures 0 0

76


[200600] Notes - Subclassification and notes on liabilities and assets

Classification of inventories [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClassification of inventories [Axis] Company total inventories [Member] Stock-in-trade [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Subclassification and notes on liabilities and assets [Abstract] Inventories notes [Abstract] Inventories [Abstract] Classification of inventories [Abstract] Details of inventories [LineItems] Inventories 8,70,95,929 9,96,62,178 1,63,27,327 1,50,58,388

Goods in transit 5,17,457 49,612 0 0

Mode of valuation Textual information(29) [See below]




Classification of inventories [Table] ..(2)

Unless otherwise specified, all monetary values are in INRClassification of inventories [Axis] Other inventories [Member] Other inventories, others [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Subclassification and notes on liabilities and assets [Abstract] Inventories notes [Abstract] Inventories [Abstract] Classification of inventories [Abstract] Details of inventories [LineItems] Inventories 7,02,51,145 8,45,54,178 7,02,51,145 8,45,54,178

Goods in transit 5,17,457 49,612 5,17,457 49,612

Mode of valuation Textual information(33) [See below]




Nature of other inventories Consumables Consumables Consumables Consumables

77


Loans and advances [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClassification based on time period [Axis] Long-term [Member]Classification of loans and advances [Axis] Capital advances [Member] Security deposits [Member]

Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]

31/03/2012 31/03/2011 31/03/2012 31/03/2011 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross 1,73,88,241 2,65,62,934 15,01,17,090 14,73,27,372

Allowance for bad and doubtful loans and advances

0 0 0 0

Loans and advances 1,73,88,241 2,65,62,934 15,01,17,090 14,73,27,372

Details of loans and advances due by directors, other officers or others [Abstract] Loans and advances due by directors 0 0 0 0

Loans and advances due by other officers 0 0 0 0

Loans and advances due by others 1,73,88,241 2,65,62,934 15,01,17,090 14,73,27,372

Total loans and advances due by directors, other officers or others

1,73,88,241 2,65,62,934 15,01,17,090 14,73,27,372

Details of loans and advances due by firms or companies in which any director is partner or director [Abstract] Loans and advances due by firms in which any director is partner

0 0 0 0

Loans and advances due by private companies in which any director is director

0 0 0 0

Loans and advances due by private companies in which any director is member

0 0 0 0

Total loans and advances due by firms or companies in which any director is partner or director

0 0 0 0

78



Unless otherwise specified, all monetary values are in INRClassification based on time period [Axis] Long-term [Member] Short-term [Member]

Classification of loans and advances [Axis] Loans advances given employees[Member]

Security deposits [Member]


31/03/2012 31/03/2011 31/03/2012 31/03/2011 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross 7,51,785 72,039 1,05,81,000 1,37,75,571


0 0 0 0

Loans and advances 7,51,785 72,039 1,05,81,000 1,37,75,571



Loans and advances due by others 7,51,785 72,039 1,05,81,000 1,37,75,571


7,51,785 72,039 1,05,81,000 1,37,75,571


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

79



Unless otherwise specified, all monetary values are in INRClassification based on time period [Axis] Short-term [Member]

Classification of loans and advances [Axis] Loans and advances to related parties[Member]

Loans advances given subsidiaries[Member]


31/03/2012 31/03/2011 31/03/2012 31/03/2011 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross 78,20,343 79,48,494 78,20,343 79,48,494


0 0 0 0

Loans and advances 78,20,343 79,48,494 78,20,343 79,48,494



Loans and advances due by others 78,20,343 79,48,494 78,20,343 79,48,494


78,20,343 79,48,494 78,20,343 79,48,494


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

80




Classification of loans and advances [Axis] Loans advances given suppliers[Member]

Loans advances given employees[Member]




0 0 0 0






23,86,565 72,19,311 21,71,543 21,51,585


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

81




Classification of loans and advances [Axis] Prepaid expenses [Member] Advance tax[Member]

Other advancetaxes [Member]

Classification of assets based on security [Axis] Unsecured considered good [Member]Unsecured

considered good[Member]

Unsecuredconsidered good

[Member]



0 0 0 0






57,64,563 46,71,665 1,86,939 1,86,939


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

82



Unless otherwise specified, all monetary values are in INRClassification based on time period [Axis] Short-term [Member]Classification of loans and advances [Axis] VAT receivable [Member] Service tax receivable [Member]


31/03/2012 31/03/2011 31/03/2012 31/03/2011 Subclassification and notes on liabilities and assets [Abstract] Loans and advances notes [Abstract] Loans and advances [Abstract] Disclosure of loans and advances [LineItems] Loans and advances, gross 12,031 1,14,582 90,47,781 92,10,052


0 0 0 0

Loans and advances 12,031 1,14,582 90,47,781 92,10,052



Loans and advances due by others 12,031 1,14,582 90,47,781 92,10,052


12,031 1,14,582 90,47,781 92,10,052


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

83


Subclassification of trade receivables [Table] ..(1)


Classification of assets based on security [Axis] Classification of assets based on security[Member]

Unsecured considered good [Member]

31/03/2012 31/03/2011 31/03/2012 31/03/2011 Subclassification and notes on liabilities and assets [Abstract] Trade receivables notes [Abstract] Trade receivables [Abstract] Subclassification of trade receivables [Abstract] Subclassification of trade receivables [LineItems] Breakup of trade receivables [Abstract] Trade receivables, gross 86,67,398 98,53,400 86,67,398 98,53,400

Allowance for bad and doubtful debts 0 0 0 0

Total trade receivables 86,67,398 98,53,400 86,67,398 98,53,400

Details of trade receivables due by directors, other officers or others [Abstract] Trade receivables due by directors 0 0

Trade receivables due by other officers 0 0

Trade receivables due by others 86,67,398 98,53,400

Total trade receivables due by directors, other officers or others

86,67,398 98,53,400

Details of trade receivables due by firms or companies in which any director is partner or director [Abstract] Trade receivables due by firms in which any director is partner

0 0

Trade receivables due by private companies in which any director is director

0 0

Trade receivables due by private companies in which any director is member

0 0

Total trade receivables due by firms or companies in which any director is partner or director

0 0

84


Disclosure of breakup of provisions [Table] ..(1)


Classification based on time period [Axis] Classification based on time period[Member]

Long-term [Member]

31/03/2012 31/03/2011 31/03/2012 31/03/2011 Subclassification and notes on liabilities and assets [Abstract] Provisions notes [Abstract] Disclosure of breakup of provisions [Abstract] Disclosure of breakup of provisions [LineItems] Provisions [Abstract] Provisions for employee benefits [Abstract] Provision gratuity 0 0 0 0

Provision leave encashment 53,95,552 63,51,000 50,56,053 59,90,233

Provision pension 0 0 0 0

Provision employee insurance scheme 0 0 0 0

Provision other employee related liabilities

0 0 0 0

Total provisions for employee benefits 53,95,552 63,51,000 50,56,053 59,90,233

Provision for corporate tax [Abstract] Provision for current tax 2,57,20,105 2,40,66,315 0 0

Provision for wealth tax 1,61,000 1,57,000 0 0

Provision for fringe benefit tax 0 0 0 0

Provision for other tax 0 0 0 0

Provision for corporate dividend tax 0 7,00,415 0 0

Total provision for corporate tax 2,58,81,105 2,49,23,730 0 0

Provision for proposed dividend [Abstract] Provision for proposed equity dividend [Abstract] Provision for proposed equity interim dividend

0 0 0 0

Provision for proposed equity final dividend

0 43,17,555 0 0

Provision for proposed equity special dividend

0 0 0 0

Total provision for proposed equity dividend

0 43,17,555 0 0

Provision for proposed preference dividend [Abstract] Provision for proposed preference interim dividend

0 0 0 0

Provision for proposed preference final dividend

0 0 0 0

Provision for proposed preference special dividend

0 0 0 0

Total provision for proposed preference dividend

0 0 0 0

Total provision for proposed dividend 0 43,17,555 0 0

Provision for statutory liabilities 0 0 0 0

Provision for abandonment cost 0 0 0 0

Other provisions 0 0 0 0

Total provisions 3,12,76,657 3,55,92,285 50,56,053 59,90,233

Share provisions joint ventures 0 0

85


Disclosure of breakup of provisions [Table] ..(2)


31/03/2012 31/03/2011 Subclassification and notes on liabilities and assets [Abstract] Provisions notes [Abstract] Disclosure of breakup of provisions [Abstract] Disclosure of breakup of provisions [LineItems] Provisions [Abstract] Provisions for employee benefits [Abstract] Provision gratuity 0 0

Provision leave encashment 3,39,499 3,60,767

Provision pension 0 0

Provision employee insurance scheme 0 0

Provision other employee related liabilities 0 0

Total provisions for employee benefits 3,39,499 3,60,767

Provision for corporate tax [Abstract] Provision for current tax 2,57,20,105 2,40,66,315

Provision for wealth tax 1,61,000 1,57,000

Provision for fringe benefit tax 0 0

Provision for other tax 0 0

Provision for corporate dividend tax 0 7,00,415

Total provision for corporate tax 2,58,81,105 2,49,23,730

Provision for proposed dividend [Abstract] Provision for proposed equity dividend [Abstract] Provision for proposed equity interim dividend 0 0

Provision for proposed equity final dividend 0 43,17,555

Provision for proposed equity special dividend 0 0

Total provision for proposed equity dividend 0 43,17,555

Provision for proposed preference dividend [Abstract] Provision for proposed preference interim dividend 0 0

Provision for proposed preference final dividend 0 0

Provision for proposed preference special dividend 0 0

Total provision for proposed preference dividend 0 0

Total provision for proposed dividend 0 43,17,555

Provision for statutory liabilities 0 0

Provision for abandonment cost 0 0

Other provisions 0 0

Total provisions 2,62,20,604 2,96,02,052

86



to 31/03/2012

01/04/2010 to

31/03/2011Disclosure of subclassification and notes on liabilities and assets explanatory [TextBlock] Trade payables, long-term 0 0

Gross amount due to customers for contract work, non-current 0 0

Others long-term, others 18,20,676 69,72,938

Total others, long-term 18,20,676 69,72,938

Total other long-term liabilities 18,20,676 69,72,938

Share other long-term liabilities joint ventures 0 0

Share provisions joint ventures 0 0

Current maturities of long-term debt 21,23,55,853 20,88,75,355

Current maturities of finance lease obligations 0 0

Interest accrued but not due on borrowings 74,54,666 71,66,700

Interest accrued and due on borrowings 0 0

Debentures claimed but not paid 0 0

Income received in advance 12,00,000 16,89,655

Unpaid dividends 1,611 0

Unpaid matured deposits and interest accrued thereon 0 0

Unpaid matured debentures and interest accrued thereon 0 0

Withholding taxes payable 0 0

Service tax payable 0 0

VAT payable 0 0

Excise duty payable 0 0

Taxes payable current tax 0 0

Taxes payable wealth tax 0 0

Taxes payable sales tax 0 0

Taxes payable other tax 1,61,43,295 1,63,26,810

Accrued expenses payable 0 0

Other accrued expenses 0 0

Security deposits refundable, current 0 4,81,978

Customer deposits refundable, current 0 0

Other deposits refundable, current 0 0

Total deposits refundable current 0 4,81,978

Gross amount due to customers for contract work, current 0 0

Public deposit payable, current 0 0

Total other payables, current 1,61,43,295 1,68,08,788

Derivative liabilities 0 0

Advance received against contracts 0 0

Advance received from customers 21,69,03,173 16,82,01,056

Other advance received 0 0

Bills payable acceptances 0 0

Retention money payable 0 0

Accrued salary payable 0 0

Accrued payroll liabilities, other 0 0

Short-term employee related liabilities 0 0

Contribution to provident fund scheme 0 0

Current liabilities portion of share application money pending allotment

0 0

Other current liabilities, others 1,99,61,432 4,12,14,488

Total other current liabilities 47,40,20,030 44,39,56,042

Share other current liabilities joint ventures 0 0

Share long-term loans and advances joint ventures 0 0

Share short-term loans and advances joint ventures 0 0

Share long-term trade receivables joint ventures 0 0

Gross amount due from customers for contract work, non-current 0 0

Other non-current assets, others 4,59,172 8,50,019

Total other non-current assets 4,59,172 8,50,019

Nature of other non-current assets, others Deposits with Banks and Interest accrued thereon.

Deposits with Banks and Interest accrued thereon.

Share other non-current assets joint ventures 0 0

Share inventories joint ventures 0 0

87


Aggregate amount of trade receivables outstanding for period exceeding six months

37,08,238 10,11,487

Share trade receivables joint ventures 0 0

Fixed deposits with banks 0 0

Other deposits with banks 11,69,676 43,14,503

Other balances with banks 14,97,31,656 14,16,20,911

Total balance with banks 15,09,01,332 14,59,35,414

Cheques, drafts on hand 1,22,77,369 1,00,02,420

Cash on hand 3,13,35,449 2,24,26,379

Others 0 0

Total cash and cash equivalents 19,45,14,150 17,83,64,213

Other bank balances 0 0

Total cash and bank balances 19,45,14,150 17,83,64,213

Earmarked balances with banks 0 0

Balances held with banks to extent held as margin money 0 0

Balances held with banks to extent held as security against borrowings

0 0

Balances held with banks to extent held as guarantees 0 0

Balances held with banks to extent held against other commitments

0 0

Total balances held with banks to extent held as margin money or security against borrowings, guarantees or other commitments

0 0

Bank deposits with more than twelve months maturity 4,55,962 31,24,503

Share cash and cash equivalents joint ventures 0 0

Unbilled revenue 0 0

Unamortised premium of forward contracts 0 0

Other unamortised expenses 0 0

Gross amount due from customers for contract work, current 0 0

Dividend receivable, subsidiaries 0 0

Dividend receivable, others 0 0

Total dividend receivable 0 0

Derivative assets 0 0

Tangible assets held for sale 0 0

Other current assets, others 68,96,353 43,05,642

Total other current assets 68,96,353 43,05,642

Nature of other current assets Interest Accrued on Deposits, Insurance Claims etc.

Interest Accrued on Deposits, Insurance Claims etc.

Share other current assets joint ventures 0 0


Mode of valuationValued at lower of cost (on FIFO basis) and net realisable value. Cost includes all expenses incurred in bringing the goods to their presentlocation including octroi and other levies, transit insurance and receiving charges.





88












[200700] Notes - Additional disclosures on balance sheet

Details of disclosures required under MSMED Act 2006 [Table] ..(1)

Unless otherwise specified, all monetary values are in INRMicro small medium enterprises [Axis] MSMED

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Additional balance sheet notes [Abstract] Details of disclosures required under MSMED Act 2006 [Abstract] Details of disclosures required under MSMED Act 2006 [LineItems] Principal and interest due remaining unpaid [Abstract] Principal due remaining unpaid 22,435 2,40,296

Interest due remaining unpaid 2,205 4,097

Total principal and interest due remaining unpaid 24,640 2,44,393

Amount of interest paid under MSMED Act 2006 0 0

Amount of payments made to supplier beyond due date during year 1,21,102 44,647

Amount of interest due and payable for period 7,686 4,097

Amount of interest accrued and remaining unpaid at end of accounting year 13,041 4,097

Amount of further interest due and payable even in succeeding year 1,258 0

Maximum amount outstanding for period from micro small medium enterprises 1,21,102 44,647

Name supplier being micro small medium enterprises Various Various

89



to 31/03/2012

01/04/2010 to

31/03/2011Disclosure of additional balance sheet notes explanatory [TextBlock] Claims against company not acknowledged as debt 0 0

Guarantees 73,67,08,750 77,01,54,200

Other money for which company is contingently liable 1,86,35,014 27,28,357

Total contingent liabilities 75,53,43,764 77,28,82,557

Estimated amount of contracts remaining to be executed on capital account and not provided for

46,85,782 47,87,472

Uncalled liability on shares and other investments partly paid 0 0

Other commitments 0 0

Total commitments 46,85,782 47,87,472

Total contingent liabilities and commitments 76,00,29,546 77,76,70,029

Amount of dividends proposed to be distributed to equity shareholders 0 43,17,555

Amount of per share dividend proposed to be distributed to equity shareholders


Amount of dividends proposed to be distributed to preference shareholders

0 0

Amount of per share dividend proposed to be distributed to preference shareholders


Arrears of fixed cumulative dividends on preference shares 0 0

Outstanding unutilised amounts received in respect of issue of securities for specific purpose

0 0

Amount of unutilised amounts invested 0 0

Amount each member undertakes to contribute as per memorandum of association in case of companies limited by guarantee having share capital

0 0

Amount each member undertakes to contribute as per memorandum of association in case of companies limited by guarantee not having share capital

0 0

Financial effect of deviation from accounting standards balance sheet 0 0

Disclosure of category wise quantitative data about outstanding derivative instruments explanatory [TextBlock]

Textual information (37) [See below]


Percentage of equity shares held up by directors and related parties 100.00%

Deposits accepted or renewed during period 0 0

Deposits matured and claimed but not paid during period 0 0

Deposits matured and claimed but not paid 0 0

Deposits matured but not claimed 0 0

Interest on deposits accrued and due but not paid 0 0

Additions to equity share warrants during period 0 0

Deductions in equity share warrants during period 0 0

Total changes in equity share warrants during period 0 0

Equity share warrants at end of period 0 0

Equity share warrants for existing members 0 0

Equity share warrants for others 0 0

Total equity share warrants 0 0

Share application money received during year 0 0

Share application money paid during year 0 0

Amount of share application money received back during year 0 0

Amount of share application money repaid returned back during year 0 0

Number of person share application money paid during year 0 0

Number of person share application money received during year 0 0

Number of person share application money paid as at end of year 0 0

Number of person share application money received as at end of year 0 0

Disclosure of whether all assets and liabilities are registered with company

Yes Yes

Amount of sweat equity shares issued 0 0

Whether maintenance of cost records by company has been mandated under any cost accounting records rules notified under section 209(1)(d) of companies act,1956

No No

If yes, whether company has filed compliance report with central government

Not Applicable Not Applicable

Whether audit of cost records of company has been mandated by central government under section 233B of Companies Act, 1956

No No

90


Whether company has filed cost audit report No No

Net worth of company 113,55,64,832 105,53,92,720

Unclaimed share application refund money 0 0

Unclaimed matured debentures 0 0

Unclaimed matured deposits 0 0

Interest unclaimed amount 0 0

91



Disclosure of category wise quantitative data about outstanding derivative instruments explanatory [Text Block]

Details on derivatives instruments and unhedged foreign currency exposures

The year-end foreign currency exposures that have not been hedged by a derivative instrument or otherwise are given below:

Particulars As at March 31, 2012 As at March 31, 2011

RsForeign

currencyRs

Foreign

Currency

Receivables

Trade receivables 3,720,091 US$ 73,120 1,017,670 US$ 22,820

Short term Loans and

Advances

- Loans and advances to

related parties 7,820,343

US$ 153,717

7,948,494 US$ 178,237

- Advance to suppliers 183,760 ï¿½2,708 - -

Long Terms Loans and

Advances

- Capital Advance 412,387US$ 8,106

- -

Payables

Trade payables 2,896,959ï¿½42,822

SGD (228)5,275,677

ï¿½83,363

SGD (228)

92


93



Disclosure of category wise quantitative data about outstanding derivative instruments explanatory [Text Block]

Details on derivatives instruments and unhedged foreign currency exposures

The year-end foreign currency exposures that have not been hedged by a derivative instrument or otherwise are given below:

Particulars As at March 31, 2012 As at March 31, 2011

RsForeign

currencyRs

Foreign

Currency

Receivables

Trade receivables 3,720,091 US$ 73,120 1,017,670 US$ 22,820

Short term Loans and

Advances

- Loans and advances to

related parties 7,820,343

US$ 153,717

7,948,494 US$ 178,237

- Advance to suppliers 183,760 ï¿½2,708 - -

Long Terms Loans and

Advances

- Capital Advance 412,387US$ 8,106

- -

Payables

Trade payables 2,896,959ï¿½42,822

SGD (228)5,275,677

ï¿½83,363

SGD (228)

94


[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates


to 31/03/2012

01/04/2010 to

31/03/2011Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [TextBlock]



Disclosure of general information about company [TextBlock] Textual information (41) [See below]


Changes in accounting estimate and accounting policy explanatory [TextBlock] Amount of changes in accounting estimate having material effect in current period

0 0

Amount of changes in accounting estimate having material effect in subsequent period

0 0

95



Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]

1 Corporate Information

VLCC Health Care Limited (the Company) was incorporated in India on October 23, 1996 to carry on the business of maintaining and runningbeauty, slimming, fitness and health centres at various locations, sale of beauty products and also provide vocational training at various institutes.The company is closely held with 308,119 shares held by Leon International Limited, Mauritius, 341,132 shares held by Indivision India Partners,Mauritius, 56,432 shares held by VLCC Employee Welfare Trust and the balance shares held by individuals.

The accompanying financial statements reflect the results of the activities undertaken by the Company during the year ended March 31, 2012.

2 Summary of significant accounting policies

2.1 Basis of accounting and preparation of financial statements

The financial statements of the Company have been prepared in accordance with the Generally Accepted Accounting Principles in India (IndianGAAP) to comply with the Accounting Standards notified under the Companies (Accounting Standards) Rules, 2006 (as amended) and therelevant provisions of the Companies Act, 1956. The financial statements have been prepared on accrual basis under the historical cost

convention. The accounting policies adopted in the preparation of the financial statements are consistent with those followed in the previous year.

2.2 Use of estimates

The preparation of financial statements in conformity with Indian GAAP requires the Management to make estimates and assumptions consideredin the reported amounts of assets and liabilities (including contingent liabilities) and the reported income and expenses during the year. TheManagement believes that the estimates used in preparation of the financial statements are prudent and reasonable. Future results could differ dueto these estimates and the differences between the actual results and the estimates are recognized in the periods in which the results are known/materialise.

2.3 Inventories

Inventories are valued at lower of cost (on FIFO basis) and net realisable value. Cost includes all expenses incurred in bringing the goods to theirpresent location including octroi and other levies, transit insurance and receiving charges.

2.4 Cash and cash equivalents

Cash comprises cash on hand and demand deposits with banks. Cash equivalents are short-term balances (with an original maturity of threemonths or less from the date of acquisition), highly liquid investments that are readily convertible into known amounts of cash and which aresubject to insignificant risk of changes in value.

2.5 Cash flow statement

Cash flows are reported using the indirect method, whereby profit / (loss) before extraordinary items and tax is adjusted for the effects oftransactions of non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from operating, investingand financing activities of the Company are segregated based on the available information.

2.6 Depreciation and amortisation

Depreciation on all tangible fixed assets, except leasehold improvements is provided on the straight line method over the estimated useful life ofthe assets at rates specified in Schedule XIV to the Companies Act, 1956. Leasehold improvements are amortised over the period of lease,

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including the optional period of lease.

Depreciation on addition to fixed assets is provided on pro-rata basis from the date the assets are acquired/installed. Depreciation onsale/deduction from fixed assets is provided for upto the date of sale, deduction, discardment as the case may be.

All assets costing Rs.5,000 or below are depreciated in full on pro-rata basis from the date of their acquisition.

Intangible assets are amortised over their estimated useful life as follows:

Goodwill and Brand- 10 years

Cinematographic film - 5 years

Computer software- 6 years

The estimated useful life of the intangible assets and the amortization period are reviewed at the end of each financial year and the amortizationmethod is revised to reflect the changed pattern.

2.7 Revenue recognition

Income from services

Revenue from fees received from clients towards beauty and slimming packages are recognised on a pro-rata basis over the period of the packageafter attributing revenue to services rendered on enrolment. Fees related to unexecuted period of the packages are recorded as Advances fromcustomers' as per the terms of specific contracts.

Revenue from regular beauty sales are recognised as services are provided to the customers.

Revenue in respect of tuition fees received from students is recognised over the period of the course after attributing revenue to services renderedon enrolment. Fees are recorded at invoice value, net of discounts if any.

Revenue in respect of non-refundable lump sum fees received from the franchisee's is recognised on execution of the agreement. Revenue inrespect of non-refundable lump sum fees received from the collaborators is recognised over a period of five years.

Revenue in respect of royalty received from the franchisee's is recognised on accrual basis at the end of each month in terms of the agreement.

Sale of goods

Revenue from sale of goods at each of the centres is recognised on delivery of goods to the customers. Sales are recorded at invoice value, net ofdiscount if any.

2.8 Other income

Income from interest on time deposits is recognised on the time proportion method taking into consideration the amount outstanding and theapplicable interest rates.

Dividend income from investments is recognised when the right to receive payment is established.

2.9 Tangible fixed assets

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Fixed assets are stated at cost, less accumulated depreciation and impairment losses, if any. Cost includes original cost of acquisition, includingincidental expenses related to such acquisition and installation. The cost of fixed assets includes interest on borrowings attributable to acquisitionof qualifying fixed assets up to the date the asset is ready for its intended use and other incidental expenses incurred up to that date.

Capital work-in-progress:

Projects under which assets are not ready for their intended use and other capital work-in-progress are carried at cost, comprising direct cost,related incidental expenses and attributable interest.

2.10 Intangible assets

Intangible assets are stated at cost less accumulated amortization and impairment losses, if any. The cost of an intangible asset comprises itspurchase price, including any import duties and other taxes (other than those subsequently recoverable from the taxing authorities), and anydirectly attributable expenditure on making the asset ready for its intended use and net of any trade discounts and rebates.

Subsequent expenditure on an intangible asset after its purchase / completion is recognised as an expense when incurred unless it is probable thatsuch expenditure will enable the asset to generate future economic benefits in excess of its originally assessed standards of performance and suchexpenditure can be measured and attributed to the asset reliably, in which case such expenditure is added to the cost of the asset.

2.11 Foreign currency transactions and translations

Initial recognition

Transactions denominated in foreign currencies are recorded at the exchange rates prevailing on the date of the transaction.

Measurement of foreign currency monetary items at the Balance Sheet date

Monetary items denominated in foreign currencies at the year-end are restated at the exchange rates prevailing on the date of the Balance Sheet.Non-monetary items denominated in foreign currencies are carried at cost.

Treatment of exchange differences

Exchange differences arising on settlement / restatement of short-term foreign currency monetary assets and liabilities of the Company arerecognized as income or expense in the Statement of Profit and Loss.

The exchange differences arising on settlement / restatement of long-term foreign currency monetary items are amortised on settlement / over thematurity period of such items if such items do not relate to acquisition of depreciable fixed assets.

2.12 Share of Surplus of Collaborators

Surplus payable to the collaborators in respect of jointly managed centres is accrued either as a percentage of gross margin or fees received asspecified in the agreement.

2.13 Investments

Long-term investments are carried individually at cost less provision for diminution, other than temporary, in the value of such investments.Current investments are carried individually, at the lower of cost and fair value. Cost of investments include, acquisition charges such asbrokerage, fees and duties.

2.14 Employee benefits

Employee benefits include provident fund, gratuity fund and compensated absences.

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Defined contribution plans

In accordance with the provisions of the Employees Provident Funds and Miscellaneous Provisions Act, 1952, eligible employees of theCompany are entitled to receive benefits with respect to provident fund, a defined contribution plan in which both the Company and the employeecontribute monthly at a determined rate (currently 12% of employee's basic salary). Company's contribution to Provident Fund is charged as anexpense in the Statement of Profit and Loss.

Defined benefit plans

Benefits payable to eligible employees of the Company with respect to gratuity, a defined benefit plan is accounted for on the basis of an actuarialvaluation as at the balance sheet date. In accordance with the Payment of Gratuity Act, 1972, the plan provides for lump sum payments to vestedemployees on retirement, death while in service or on termination of employment in an amount equivalent to 15 days basic salary for eachcompleted year of service. Vesting occurs upon completion of five years of service. The company contributes all the ascertained liabilities to afund set up by the company and administered by a board of trustees. The present value of such obligation is determined by the projected unitcredit method and adjusted for past service cost and fair value of plan assets as at the balance sheet date through which the obligations are to besettled. The resultant actuarial gain or loss on change in present value of the defined benefit obligation or change in return of the plan assets isrecognised as an income or expense in the Statement of Profit and Loss. The expected return on plan assets is based on the assumed rate of returnof such assets.

Long-term employee benefits

Compensated absences payable to employees of the Company while in service, on retirement, death while in service or on termination ofemployment with respect to accumulated leaves outstanding at the year-end are accounted for on the basis of an actuarial valuation as at thebalance sheet date.

2.15 Employee share based payments

The Company has formulated employee Stock Option Plan as approved and modified by Compensation Committee / Board of Directors of theCompany from time to time. The Plan provides for grant of Stock Options to eligible employees of the Company and its subsidiaries to acquireequity shares of the Company that vest in a graded manner and that are to be exercised within a specified period. The options are to be convertedinto one share at a predetermined price to be exercised in accordance with the plan. The exercise price of the options shall be fair market value onthe date of grant per option. Under the approved plan, the company has issued shares to the VLCC Employee Welfare Trust at fair market valuedetermined on the date of issue which is holding the shares on behalf of the employees.

2.16 Borrowing costs

Borrowing costs that are attributable to the acquisition, construction or production of qualifying assets are capitalised as part of cost of that asset.Other borrowing costs are recognised as an expense in the Statement of Profit and Loss in the period in which they are incurred. Capitalisation ofborrowing costs is suspended and charged to the Statement of Profit and Loss during extended periods when active development activity on thequalifying assets is interrupted. In accordance with an opinion received from the expert advisory committee of the Institute of CharteredAccountants of India, the company has during the year capitalized borrowing costs in respect of construction of qualifying assets completedwithin a period of five to seven months.

2.17 Segment reporting

The Company identifies primary segments based on the dominant source, nature of risks and returns and the internal organisation andmanagement structure. The operating segments are the segments for which separate financial information is available and for which operatingprofit/loss amounts are evaluated regularly by the executive Management in deciding how to allocate resources and in assessing performance.

The accounting policies adopted for segment reporting are in line with the accounting policies of the Company. Segment revenue, segmentexpenses, segment assets and segment liabilities have been identified to segments on the basis of their relationship to the operating activities ofthe segment.

Revenue, expenses, assets and liabilities which relate to the Company as a whole and are not allocable to segments on reasonable basis have beenincluded under unallocated revenue / expenses / assets / liabilities.

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2.18 Leases

Lease arrangements where the risks and rewards incidental to ownership of an asset substantially vest with the lessor are recognised as operatingleases. Lease rentals are expensed with reference to lease terms.

2.19 Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders by the weighted averagenumber of equity shares outstanding during the year.

Diluted earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders as adjusted for dividend,interest and other charges to expense or income relating to the dilutive potential equity shares, by the weighted average number of sharesoutstanding during the year as adjusted for the effects of all dilutive potential equity shares. Potential equity shares are deemed to be dilutive onlyif their conversion to equity shares would decrease the net profit per share from continuing ordinary operations. Potential dilutive equity sharesare deemed to be converted as at the beginning of the period, unless they have been issued at a later date.

2.20 Taxes on income

Income taxes consist of current taxes and changes in deferred tax liabilities and assets.

Current tax is the amount of tax payable on the taxable income for the year as determined in accordance with the provisions of the Income TaxAct, 1961. Income taxes are accounted for on the basis of estimated taxes payable and adjusted for timing differences between the taxable incomeand accounting income as reported in the financial statements. Timing differences between the taxable income and the accounting income as atMarch 31, 2012 that reverse in one or more subsequent years are recognised if they result in taxable amounts. Deferred tax assets or liabilities areestablished at the enacted tax rates. Changes in the enacted rates are recognised in the period of enactment.

Deferred tax assets are recognised only if there is a reasonable certainty that they will be realised and are reviewed for the appropriateness of theirrespective carrying values at each balance sheet date.

2.21 Impairment of Assets

Whenever events indicate that assets may be impaired, the assets are subject to a test of recoverability based on estimates of future cash flowsarising from continuing use of such assets and from its ultimate disposal. A provision for impairment loss is recognised where it is probable thatthe carrying value of an asset exceeds the amount to be recovered through use or sale of the asset. When there is an indication that an impairmentloss recognized for an asset in earlier accounting periods no longer exists or may have decreased, such reversal of impairment loss is recognizedin the Statement of Profit and Loss, except in case of revalued assets.

2.22 Provisions and contingencies

The Company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of resources and areliable estimate can be made of the amount of the obligation. A disclosure for a contingent liability is made when there is possible obligation or apresent obligation that may, but probably will not, require an outflow of resources. When there is a possible obligation or a present obligation inrespect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. If it is no longer probable that the outflow ofresources would be required to settle the obligation, the provision is reversed.

Contingent assets are not recognised in the financial statements. However, contingent assets are assessed continually and if it is virtually certainthat an economic benefit will arise, the asset and the related income are recognized in the year in which the change occurs.

2.23 Insurance claims

Insurance claims are accounted for on the basis of claims admitted / expected to be admitted and to the extent that there is no uncertainty inreceiving the claims.

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2.24 Service tax input credit

Service tax input credit is accounted for in the books in the period in which the underlying service received is accounted and when there is nouncertainty in availing / utilising the credits.

2.25 Material Events

Material events occurring after the Balance Sheet date are taken into cognisance.

2.26 Classification of current / non-current liabilities and assets

Liability

A liability has been classified as current when it satisfies any of following criteria:

a) It is expected to be settled in the company's normal operating cycle;

b) It is held primarily for the purpose of being traded;

c) It is due to be settled within twelve months after reporting date; or

d) The company does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Terms of a liability that could, at the option of the counterparty, result in its settlement by issue of equity instrument do not affect itsclassification.

All other liabilities are classified as non-current.

Asset

An asset has been classified as current when it satisfies any of following criteria:

a) It is expected to be realised in, or is intended for sale or consumption in the company's normal operating cycle;


c) It is expected to be realised within twelve months after reporting date; or

d) It is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting date.

All other assets are classified as non-current.

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Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]

1 Corporate Information


The accompanying financial statements reflect the results of the activities undertaken by the Company during the year ended March 31, 2012.

2 Summary of significant accounting policies

2.1 Basis of accounting and preparation of financial statements

The financial statements of the Company have been prepared in accordance with the Generally Accepted Accounting Principles in India (IndianGAAP) to comply with the Accounting Standards notified under the Companies (Accounting Standards) Rules, 2006 (as amended) and therelevant provisions of the Companies Act, 1956. The financial statements have been prepared on accrual basis under the historical cost

convention. The accounting policies adopted in the preparation of the financial statements are consistent with those followed in the previous year.

2.2 Use of estimates

The preparation of financial statements in conformity with Indian GAAP requires the Management to make estimates and assumptions consideredin the reported amounts of assets and liabilities (including contingent liabilities) and the reported income and expenses during the year. TheManagement believes that the estimates used in preparation of the financial statements are prudent and reasonable. Future results could differ dueto these estimates and the differences between the actual results and the estimates are recognized in the periods in which the results are known/materialise.

2.3 Inventories

Inventories are valued at lower of cost (on FIFO basis) and net realisable value. Cost includes all expenses incurred in bringing the goods to theirpresent location including octroi and other levies, transit insurance and receiving charges.

2.4 Cash and cash equivalents

Cash comprises cash on hand and demand deposits with banks. Cash equivalents are short-term balances (with an original maturity of threemonths or less from the date of acquisition), highly liquid investments that are readily convertible into known amounts of cash and which aresubject to insignificant risk of changes in value.

2.5 Cash flow statement

Cash flows are reported using the indirect method, whereby profit / (loss) before extraordinary items and tax is adjusted for the effects oftransactions of non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from operating, investingand financing activities of the Company are segregated based on the available information.

2.6 Depreciation and amortisation

Depreciation on all tangible fixed assets, except leasehold improvements is provided on the straight line method over the estimated useful life ofthe assets at rates specified in Schedule XIV to the Companies Act, 1956. Leasehold improvements are amortised over the period of lease,

102


including the optional period of lease.

Depreciation on addition to fixed assets is provided on pro-rata basis from the date the assets are acquired/installed. Depreciation onsale/deduction from fixed assets is provided for upto the date of sale, deduction, discardment as the case may be.

All assets costing Rs.5,000 or below are depreciated in full on pro-rata basis from the date of their acquisition.

Intangible assets are amortised over their estimated useful life as follows:

Goodwill and Brand- 10 years

Cinematographic film - 5 years

Computer software- 6 years

The estimated useful life of the intangible assets and the amortization period are reviewed at the end of each financial year and the amortizationmethod is revised to reflect the changed pattern.

2.7 Revenue recognition

Income from services

Revenue from fees received from clients towards beauty and slimming packages are recognised on a pro-rata basis over the period of the packageafter attributing revenue to services rendered on enrolment. Fees related to unexecuted period of the packages are recorded as Advances fromcustomers' as per the terms of specific contracts.

Revenue from regular beauty sales are recognised as services are provided to the customers.

Revenue in respect of tuition fees received from students is recognised over the period of the course after attributing revenue to services renderedon enrolment. Fees are recorded at invoice value, net of discounts if any.

Revenue in respect of non-refundable lump sum fees received from the franchisee's is recognised on execution of the agreement. Revenue inrespect of non-refundable lump sum fees received from the collaborators is recognised over a period of five years.

Revenue in respect of royalty received from the franchisee's is recognised on accrual basis at the end of each month in terms of the agreement.

Sale of goods

Revenue from sale of goods at each of the centres is recognised on delivery of goods to the customers. Sales are recorded at invoice value, net ofdiscount if any.

2.8 Other income

Income from interest on time deposits is recognised on the time proportion method taking into consideration the amount outstanding and theapplicable interest rates.

Dividend income from investments is recognised when the right to receive payment is established.

2.9 Tangible fixed assets

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Fixed assets are stated at cost, less accumulated depreciation and impairment losses, if any. Cost includes original cost of acquisition, includingincidental expenses related to such acquisition and installation. The cost of fixed assets includes interest on borrowings attributable to acquisitionof qualifying fixed assets up to the date the asset is ready for its intended use and other incidental expenses incurred up to that date.

Capital work-in-progress:

Projects under which assets are not ready for their intended use and other capital work-in-progress are carried at cost, comprising direct cost,related incidental expenses and attributable interest.

2.10 Intangible assets

Intangible assets are stated at cost less accumulated amortization and impairment losses, if any. The cost of an intangible asset comprises itspurchase price, including any import duties and other taxes (other than those subsequently recoverable from the taxing authorities), and anydirectly attributable expenditure on making the asset ready for its intended use and net of any trade discounts and rebates.

Subsequent expenditure on an intangible asset after its purchase / completion is recognised as an expense when incurred unless it is probable thatsuch expenditure will enable the asset to generate future economic benefits in excess of its originally assessed standards of performance and suchexpenditure can be measured and attributed to the asset reliably, in which case such expenditure is added to the cost of the asset.

2.11 Foreign currency transactions and translations

Initial recognition

Transactions denominated in foreign currencies are recorded at the exchange rates prevailing on the date of the transaction.

Measurement of foreign currency monetary items at the Balance Sheet date

Monetary items denominated in foreign currencies at the year-end are restated at the exchange rates prevailing on the date of the Balance Sheet.Non-monetary items denominated in foreign currencies are carried at cost.

Treatment of exchange differences

Exchange differences arising on settlement / restatement of short-term foreign currency monetary assets and liabilities of the Company arerecognized as income or expense in the Statement of Profit and Loss.

The exchange differences arising on settlement / restatement of long-term foreign currency monetary items are amortised on settlement / over thematurity period of such items if such items do not relate to acquisition of depreciable fixed assets.

2.12 Share of Surplus of Collaborators

Surplus payable to the collaborators in respect of jointly managed centres is accrued either as a percentage of gross margin or fees received asspecified in the agreement.

2.13 Investments

Long-term investments are carried individually at cost less provision for diminution, other than temporary, in the value of such investments.Current investments are carried individually, at the lower of cost and fair value. Cost of investments include, acquisition charges such asbrokerage, fees and duties.

2.14 Employee benefits

Employee benefits include provident fund, gratuity fund and compensated absences.

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Defined contribution plans

In accordance with the provisions of the Employees Provident Funds and Miscellaneous Provisions Act, 1952, eligible employees of theCompany are entitled to receive benefits with respect to provident fund, a defined contribution plan in which both the Company and the employeecontribute monthly at a determined rate (currently 12% of employee's basic salary). Company's contribution to Provident Fund is charged as anexpense in the Statement of Profit and Loss.

Defined benefit plans

Benefits payable to eligible employees of the Company with respect to gratuity, a defined benefit plan is accounted for on the basis of an actuarialvaluation as at the balance sheet date. In accordance with the Payment of Gratuity Act, 1972, the plan provides for lump sum payments to vestedemployees on retirement, death while in service or on termination of employment in an amount equivalent to 15 days basic salary for eachcompleted year of service. Vesting occurs upon completion of five years of service. The company contributes all the ascertained liabilities to afund set up by the company and administered by a board of trustees. The present value of such obligation is determined by the projected unitcredit method and adjusted for past service cost and fair value of plan assets as at the balance sheet date through which the obligations are to besettled. The resultant actuarial gain or loss on change in present value of the defined benefit obligation or change in return of the plan assets isrecognised as an income or expense in the Statement of Profit and Loss. The expected return on plan assets is based on the assumed rate of returnof such assets.

Long-term employee benefits

Compensated absences payable to employees of the Company while in service, on retirement, death while in service or on termination ofemployment with respect to accumulated leaves outstanding at the year-end are accounted for on the basis of an actuarial valuation as at thebalance sheet date.

2.15 Employee share based payments

The Company has formulated employee Stock Option Plan as approved and modified by Compensation Committee / Board of Directors of theCompany from time to time. The Plan provides for grant of Stock Options to eligible employees of the Company and its subsidiaries to acquireequity shares of the Company that vest in a graded manner and that are to be exercised within a specified period. The options are to be convertedinto one share at a predetermined price to be exercised in accordance with the plan. The exercise price of the options shall be fair market value onthe date of grant per option. Under the approved plan, the company has issued shares to the VLCC Employee Welfare Trust at fair market valuedetermined on the date of issue which is holding the shares on behalf of the employees.

2.16 Borrowing costs


2.17 Segment reporting

The Company identifies primary segments based on the dominant source, nature of risks and returns and the internal organisation andmanagement structure. The operating segments are the segments for which separate financial information is available and for which operatingprofit/loss amounts are evaluated regularly by the executive Management in deciding how to allocate resources and in assessing performance.

The accounting policies adopted for segment reporting are in line with the accounting policies of the Company. Segment revenue, segmentexpenses, segment assets and segment liabilities have been identified to segments on the basis of their relationship to the operating activities ofthe segment.

Revenue, expenses, assets and liabilities which relate to the Company as a whole and are not allocable to segments on reasonable basis have beenincluded under unallocated revenue / expenses / assets / liabilities.

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2.18 Leases

Lease arrangements where the risks and rewards incidental to ownership of an asset substantially vest with the lessor are recognised as operatingleases. Lease rentals are expensed with reference to lease terms.

2.19 Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders by the weighted averagenumber of equity shares outstanding during the year.

Diluted earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders as adjusted for dividend,interest and other charges to expense or income relating to the dilutive potential equity shares, by the weighted average number of sharesoutstanding during the year as adjusted for the effects of all dilutive potential equity shares. Potential equity shares are deemed to be dilutive onlyif their conversion to equity shares would decrease the net profit per share from continuing ordinary operations. Potential dilutive equity sharesare deemed to be converted as at the beginning of the period, unless they have been issued at a later date.

2.20 Taxes on income

Income taxes consist of current taxes and changes in deferred tax liabilities and assets.

Current tax is the amount of tax payable on the taxable income for the year as determined in accordance with the provisions of the Income TaxAct, 1961. Income taxes are accounted for on the basis of estimated taxes payable and adjusted for timing differences between the taxable incomeand accounting income as reported in the financial statements. Timing differences between the taxable income and the accounting income as atMarch 31, 2012 that reverse in one or more subsequent years are recognised if they result in taxable amounts. Deferred tax assets or liabilities areestablished at the enacted tax rates. Changes in the enacted rates are recognised in the period of enactment.

Deferred tax assets are recognised only if there is a reasonable certainty that they will be realised and are reviewed for the appropriateness of theirrespective carrying values at each balance sheet date.

2.21 Impairment of Assets


2.22 Provisions and contingencies

The Company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of resources and areliable estimate can be made of the amount of the obligation. A disclosure for a contingent liability is made when there is possible obligation or apresent obligation that may, but probably will not, require an outflow of resources. When there is a possible obligation or a present obligation inrespect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. If it is no longer probable that the outflow ofresources would be required to settle the obligation, the provision is reversed.

Contingent assets are not recognised in the financial statements. However, contingent assets are assessed continually and if it is virtually certainthat an economic benefit will arise, the asset and the related income are recognized in the year in which the change occurs.

2.23 Insurance claims

Insurance claims are accounted for on the basis of claims admitted / expected to be admitted and to the extent that there is no uncertainty inreceiving the claims.

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2.24 Service tax input credit

Service tax input credit is accounted for in the books in the period in which the underlying service received is accounted and when there is nouncertainty in availing / utilising the credits.

2.25 Material Events

Material events occurring after the Balance Sheet date are taken into cognisance.

2.26 Classification of current / non-current liabilities and assets

Liability

A liability has been classified as current when it satisfies any of following criteria:

a) It is expected to be settled in the company's normal operating cycle;


c) It is due to be settled within twelve months after reporting date; or

d) The company does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Terms of a liability that could, at the option of the counterparty, result in its settlement by issue of equity instrument do not affect itsclassification.

All other liabilities are classified as non-current.

Asset

An asset has been classified as current when it satisfies any of following criteria:

a) It is expected to be realised in, or is intended for sale or consumption in the company's normal operating cycle;


c) It is expected to be realised within twelve months after reporting date; or

d) It is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting date.

All other assets are classified as non-current.

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Disclosure of general information about company [Text Block]



Disclosure of general information about company [Text Block]


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[201200] Notes - Employee benefits

Disclosure of defined benefit plans [Table] ..(1)

Unless otherwise specified, all monetary values are in INRDefined benefit plans [Axis] Defined benefit plans [Member] Domestic defined benefit plans [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of defined benefit plans [Abstract] Disclosure of defined benefit plans [LineItems] Description of type of plan Gratuity Gratuity Gratuity Gratuity

Reconciliation of changes in present value of defined benefit obligation [Abstract] Changes in defined benefit obligation, at present value [Abstract] Increase (decrease) through current service cost, defined benefit obligation, at present value

37,40,677 65,43,934 37,40,677 65,43,934

Increase (decrease) through interest cost, defined benefit obligation, at present value

19,48,080 16,46,618 19,48,080 16,46,618

Amalgamations, defined benefit obligation, at present value

0 0 0 0

Increase (decrease) through actuarial losses (gains), defined benefit obligation, at present value

40,96,225 24,50,930 40,96,225 24,50,930

Contributions by plan participants, defined benefit obligation, at present value

0 0 0 0

Decrease through benefits paid, defined benefit obligation, at present value

47,97,236 27,80,034 47,97,236 27,80,034

Increase (decrease) through past service cost, defined benefit obligation, at present value

0 0 0 0

Increase (decrease) through curtailments, defined benefit obligation, at present value

0 0 0 0

Increase (decrease) through settlements, defined benefit obligation, at present value

0 0 0 0

Increase (decrease) through net exchange differences, defined benefit obligation, at present value

0 0 0 0

Total changes in defined benefit obligation, at present value

-32,04,704 29,59,588 -32,04,704 29,59,588

Defined benefit obligation, at present value at end of period

1,97,13,884 2,29,18,588 1,97,13,884 2,29,18,588

Reconciliation of changes in fair value of plan assets [Abstract] Changes in plan assets, at fair value [Abstract] Increase (decrease) through actuarial gains (losses), plan assets, at fair value

25,872 1,19,638 25,872 1,19,638

Amalgamations, plan assets, at fair value 0 0 0 0

Increase (decrease) through expected return, plan assets, at fair value

15,44,173 14,18,640 15,44,173 14,18,640

Decrease through benefits paid, plan assets, at fair value

47,97,236 27,80,034 47,97,236 27,80,034

Increase (decrease) through contributions by plan participants, plan assets, at fair value

42,01,344 22,26,000 42,01,344 22,26,000

Increase (decrease) through contributions by employer, plan assets, at fair value

0 0 0 0

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Increase (decrease) through net exchange differences, plan assets, at fair value

0 0 0 0

Increase (decrease) through settlements, plan assets, at fair value

0 0 0 0

Total changes in plan assets, at fair value

9,74,153 9,84,244 9,74,153 9,84,244

Plan assets, at fair value at end of period 1,96,91,397 1,87,17,244 1,96,91,397 1,87,17,244

Changes in reimbursement rights, at fair value [Abstract] Increase (decrease) through actuarial gains (losses), reimbursement rights, at fair value

0 0 0 0

Amalgamations, reimbursement rights, at fair value

0 0 0 0

Increase (decrease) through expected return, reimbursement rights, at fair value

0 0 0 0

Decrease through benefits paid, reimbursement rights, at fair value

0 0 0 0

Increase (decrease) through contributions by plan participants, reimbursement rights, at fair value

0 0 0 0

Increase (decrease) through contributions by employer, reimbursement rights, at fair value

0 0 0 0

Increase (decrease) through net exchange differences, reimbursement rights, at fair value

0 0 0 0

Increase (decrease) through settlements, reimbursement rights, at fair value

0 0 0 0

Total changes in reimbursement rights, at fair value

0 0 0 0

Reimbursement rights, at fair value at end of period

0 0 0 0

Recognised assets and liabilities of defined benefit plans [Abstract] Recognised liabilities, defined benefit plan

1,97,13,884 2,29,18,588 1,97,13,884 2,29,18,588

Recognised assets, defined benefit plan 1,96,91,397 1,87,17,244 1,96,91,397 1,87,17,244

Net liability (asset) of defined benefit plans

22,487 42,01,344 22,487 42,01,344

Reconciliation of liability asset of defined benefit plans [Abstract] Defined benefit obligation, at present value

1,97,13,884 2,29,18,588 1,97,13,884 2,29,18,588

Plan assets, at fair value 1,96,91,397 1,87,17,244 1,96,91,397 1,87,17,244

Reimbursement rights, at fair value 0 0 0 0

Unrecognised past service cost (negative past service cost)

0 0 0 0

Unrecognised assets of defined benefit plans

0 0 0 0

Other amounts recognised for defined benefit plans

0 0 0 0

Net liability (asset) of defined benefit plans

22,487 42,01,344 22,487 42,01,344

Recognised expense of defined benefit plans [Abstract] Current service cost, defined benefit plan 37,40,677 65,43,934 37,40,677 65,43,934

Interest cost, defined benefit plan 19,48,080 16,46,618 19,48,080 16,46,618

Expected return on plan assets, defined benefit plan

15,44,173 14,18,640 15,44,173 14,18,640

Expected return on recognised assets for reimbursement right, defined benefit plan

0 0 0 0

Actuarial gains (losses) recognised in profit or loss, defined benefit plan

41,22,097 25,70,568 41,22,097 25,70,568

Past service cost recognised in profit or loss, defined benefit plan

0 0 0 0

110


Effect of curtailment and settlement recognised in profit or loss, defined benefit plan

0 0 0 0

Effects of limit in AS 15 paragraph 59b 0 0 0 0

Total post-employment benefit expense, defined benefit plans

22,487 42,01,344 22,487 42,01,344

Description of percentage or amount which each major category contributes to fair value of total plan assets [TextBlock] Equity instruments amount contributed to fair value of plan assets

0 0 0 0

Debt instruments amount contributed to fair value of plan assets

1,96,91,397 1,51,60,968 1,96,91,397 1,51,60,968

Property amount contributed to fair value of plan assets

0 35,56,276 0 35,56,276

Other assets amount contributed to fair value of plan assets

0 0 0 0

Debt instruments percentage contributed to fair value of plan assets

100.00% 81.00% 100.00% 81.00%

Property percentage contributed to fair value of plan assets

19.00% 19.00%

Amounts of enterprise's own financial instruments included in fair value of plan assets

0 0 0 0

Amounts of property occupied by enterprise included in fair value of plan assets

0 0 0 0

Amounts of other assets used by enterprise included in fair value of plan assets

0 0 0 0

Actual return on plan assets and reimbursement right recognised as asset [Abstract] Actual return on plan assets recognised as asset

0 0 0 0

Actual return on reimbursement right recognised as asset

0 0 0 0

Total actual return on plan assets and reimbursement right recognised as asset

0 0 0 0

Actuarial assumption [Abstract] Actuarial assumption of discount rates 9.00% 8.00% 9.00% 8.00%

Actuarial assumption of expected rates of return on plan assets

9.00% 8.00% 9.00% 8.00%

Actuarial assumption of expected rates of salary increases

5.00% 5.00% 5.00% 5.00%

Experience adjustments on plan assets and plan liabilities [Abstract] Defined benefit obligation, at present value

1,97,13,884 2,29,18,588 1,97,13,884 2,29,18,588

Plan assets, at fair value 1,96,91,397 1,87,17,244 1,96,91,397 1,87,17,244

Net surplus (deficit) in plan -22,487 -42,01,344 -22,487 -42,01,344

Experience adjustments on plan liabilities 0 0 0 0

Experience adjustments on plan assets 0 0 0 0

Estimate of contributions expected to be paid to plan

0 0 0 0

Effect of increase or decrease of one percentage point in medical cost trend rates [Abstract] Effect of increase of one percentage point aggregate current service cost and interest cost

0 0 0 0

Effect of decrease of one percentage point aggregate current service cost and interest cost

0 0 0 0

Effect of increase of one percentage point accumulated post-employment benefit obligation for medical costs

0 0 0 0

111


Effect of decrease of one percentage point accumulated post-employment benefit obligation for medical costs

0 0 0 0


to 31/03/2012

01/04/2010 to

31/03/2011

Disclosure of employee benefits explanatory [TextBlock] Textual information (43) [See below]


Termination benefits expense 0 0

Amount recognised as expense for defined contribution plans 2,46,83,518 2,63,39,238

112



Disclosure of employee benefits explanatory [Text Block]

Employee benefit plans

(i) Defined contribution plans

The Company makes Provident Fund contributions to defined contribution plan for qualifying employees. Under the Schemes, the Company isrequired to contribute a specified percentage of the payroll costs to fund the benefits. The Company recognised Rs.24,683,518 (March 31, 2011:Rs.26,339,238) for Provident Fund contributions in the Statement of Profit and Loss. The contributions payable to these plans by the Companyare at rates specified in the rules of the schemes.

(ii) Defined benefit plans

The Company offers the employee benefit schemes of Gratuity to its employees. Benefits payable to eligible employees of the company withrespect to gratuity, a defined benefit plan is accounted for on the basis of an actuarial valuation as at the balance sheet date.

The following table sets out the funded status of defined benefit schemes and the amount recognised in the financial statements:

ParticularsYear ended March 31, 2012

Year ended March 31, 2011

Rs. Rs.

Components of employer expense

Current service cost 3,740,677 6,543,934

Interest cost 1,948,080 1,646,618

Expected return on plan assets (1,544,173) (1,418,640)

Actuarial losses/(gains) (4,122,097) (2,570,568)

Total expense recognized in the Statement of Profit and Loss 22,487 4,201,344

113


Actual contribution and benefit payments for year

Actual benefit payments (4,797,236) (2,780,034)

Actual contributions 4,201,344 2,226,000

Net asset / (liability) recognized in the Balance Sheet

Present value of defined benefit obligation 19,713,884 22,918,588

Fair value of plan assets 19,691,397 18,717,244

Funded status [Surplus / (Deficit)] (22,487) (4,201,344)

Net asset / (liability) recognized in the Balance Sheet (22,487) (4,201,344)



Rs. Rs.

Change in defined benefit obligations (DBO) during the year

Present value of DBO at beginning of the year 22,918,588 19,959,000


Interest cost 1,948,080 1,646,618


Benefits paid (4,797,236) (2,780,034)

Present value of DBO at the end of the year 19,713,884 22,918,588

Change in fair value of assets during the year

114


Plan assets at beginning of the year 18,717,244 17,733,000

Expected return on plan assets 1,544,173 1,418,640

Actual company contributions 4,201,344 2,226,000

Actuarial gain / (loss) 25,872 119,638

Benefits paid (4,797,236) (2,780,034)

Plan assets at the end of the year 19,691,397 18,717,244

Actual return on plan assets 1,570,045 1,538,278

Composition of the plan assets is as follows:

Bond Fund 100% 81%

Dynamic Floor Funds - 19%

Actuarial assumptions

Discount rate 8.50% 8.25%

Expected return on plan assets 8.50% 8.25%

Salary escalation 5.00% 5.00%

Mortality tables LIC (1994-96) LIC (1994-96)

Attrition 2% 2%

Estimate of amount of contribution in the immediate next year 5,244,061 5,344,768

The plan assets of the company are managed by Kotak Mahindra Old Mutual Life Insurance Limited in terms of an insurance policy taken to fundobligations of the company with respect to its gratuity plan. The categories of plan assets as a percentage of total plan assets is based oninformation provided by Kotak Mahindra Old Mutual Life Insurance Limited.

The discount rate is based on the prevailing market yields of Government of India securities as at the Balance Sheet date for the estimated term ofobligations

115


The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevantfactors such as supply and demand factors in the employment market

Experience adjustments 2011-12 2010-11 2009-10 2008-09 2007-08

Rs. Rs. Rs. Rs. Rs.

Present value of DBO 19,713,884 22,918,588 19,959,000 18,754,000 15,759,000

Fair value of plan assets 19,691,397 18,717,244 17,733,000 14,759,000 15,759,000

Funded status [Surplus / (Deficit)] (22,487) (4,201,344) (2,226,000) (3,995,000) -

Experience gain / (loss) adjustments on plan liabilities 3,312,964 2,450,930 2,674,116 (600,000)

211,567

Experience gain / (loss) adjustments on plan assets 25,872 119,638 314,280 (367,520) 426,280

116



Disclosure of employee benefits explanatory [Text Block]

Employee benefit plans

(i) Defined contribution plans

The Company makes Provident Fund contributions to defined contribution plan for qualifying employees. Under the Schemes, the Company isrequired to contribute a specified percentage of the payroll costs to fund the benefits. The Company recognised Rs.24,683,518 (March 31, 2011:Rs.26,339,238) for Provident Fund contributions in the Statement of Profit and Loss. The contributions payable to these plans by the Companyare at rates specified in the rules of the schemes.

(ii) Defined benefit plans

The Company offers the employee benefit schemes of Gratuity to its employees. Benefits payable to eligible employees of the company withrespect to gratuity, a defined benefit plan is accounted for on the basis of an actuarial valuation as at the balance sheet date.

The following table sets out the funded status of defined benefit schemes and the amount recognised in the financial statements:



Rs. Rs.

Components of employer expense


Interest cost 1,948,080 1,646,618

Expected return on plan assets (1,544,173) (1,418,640)


Total expense recognized in the Statement of Profit and Loss 22,487 4,201,344

117


Actual contribution and benefit payments for year

Actual benefit payments (4,797,236) (2,780,034)

Actual contributions 4,201,344 2,226,000

Net asset / (liability) recognized in the Balance Sheet

Present value of defined benefit obligation 19,713,884 22,918,588

Fair value of plan assets 19,691,397 18,717,244

Funded status [Surplus / (Deficit)] (22,487) (4,201,344)

Net asset / (liability) recognized in the Balance Sheet (22,487) (4,201,344)



Rs. Rs.

Change in defined benefit obligations (DBO) during the year

Present value of DBO at beginning of the year 22,918,588 19,959,000


Interest cost 1,948,080 1,646,618


Benefits paid (4,797,236) (2,780,034)

Present value of DBO at the end of the year 19,713,884 22,918,588

Change in fair value of assets during the year

118


Plan assets at beginning of the year 18,717,244 17,733,000

Expected return on plan assets 1,544,173 1,418,640

Actual company contributions 4,201,344 2,226,000

Actuarial gain / (loss) 25,872 119,638

Benefits paid (4,797,236) (2,780,034)

Plan assets at the end of the year 19,691,397 18,717,244

Actual return on plan assets 1,570,045 1,538,278

Composition of the plan assets is as follows:

Bond Fund 100% 81%

Dynamic Floor Funds - 19%

Actuarial assumptions

Discount rate 8.50% 8.25%

Expected return on plan assets 8.50% 8.25%

Salary escalation 5.00% 5.00%

Mortality tables LIC (1994-96) LIC (1994-96)

Attrition 2% 2%

Estimate of amount of contribution in the immediate next year 5,244,061 5,344,768

The plan assets of the company are managed by Kotak Mahindra Old Mutual Life Insurance Limited in terms of an insurance policy taken to fundobligations of the company with respect to its gratuity plan. The categories of plan assets as a percentage of total plan assets is based oninformation provided by Kotak Mahindra Old Mutual Life Insurance Limited.

The discount rate is based on the prevailing market yields of Government of India securities as at the Balance Sheet date for the estimated term ofobligations

119


The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevantfactors such as supply and demand factors in the employment market

Experience adjustments 2011-12 2010-11 2009-10 2008-09 2007-08

Rs. Rs. Rs. Rs. Rs.

Present value of DBO 19,713,884 22,918,588 19,959,000 18,754,000 15,759,000

Fair value of plan assets 19,691,397 18,717,244 17,733,000 14,759,000 15,759,000

Funded status [Surplus / (Deficit)] (22,487) (4,201,344) (2,226,000) (3,995,000) -

Experience gain / (loss) adjustments on plan liabilities 3,312,964 2,450,930 2,674,116 (600,000)

211,567

Experience gain / (loss) adjustments on plan assets 25,872 119,638 314,280 (367,520) 426,280

[300400] Notes - Employee share-based payments

Disclosure of number and weighted average exercise prices of stock options [Table] ..(1)

Unless otherwise specified, all monetary values are in INRGroups of stock options [Axis] Stock options [Member] Stock options outstanding [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of number and weighted average exercise prices of stock options [Abstract] Disclosure of number and weighted average exercise prices of stock options [LineItems] Number of stock options in employee share-based payment arrangement

43,947 45,130 26,950 23,139

Weighted average exercise price of stock options in employee share-based payment arrangement

426.28 375.02 64.42 69.65

120



Unless otherwise specified, all monetary values are in INRGroups of stock options [Axis] Stock options granted [Member] Stock options exercised [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of number and weighted average exercise prices of stock options [Abstract] Disclosure of number and weighted average exercise prices of stock options [LineItems] Number of stock options in employee share-based payment arrangement

10,000 4,858 6,004 16,086


238 64.43 65.86 60.94


Unless otherwise specified, all monetary values are in INRGroups of stock options [Axis] Stock options expired [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of number and weighted average exercise prices of stock options [Abstract] Disclosure of number and weighted average exercise prices of stock options [LineItems] Number of stock options in employee share-based payment arrangement 993 1,047


58 180


to 31/03/2012

01/04/2010 to

31/03/2011Disclosure of notes on employee share-based payment arrangements explanatory [TextBlock]



Disclosure of number and weighted average exercise prices of stock options explanatory [TextBlock] Weighted average share price of share options in employee share-based payment arrangement exercised during period at date of exercise

65.86 60.94

Disclosure of fair value of employee stock options granted during period explanatory [TextBlock] Weighted average fair value at grant date stock options granted 238 64.43

Information about how fair value was measured stock options granted Description of inputs to option pricing model stock options granted Weighted average share price stock options granted 238 64.43

Exercise price stock options granted 65.86 60.94

Expected dividend stock options granted 0 0

Disclosure of measurement of fair value of other instruments granted during period explanatory [TextBlock] Number of instruments other instruments granted 0 0

Weighted average fair value at grant date other instruments granted 0 0

Disclosure of employee share-based payment arrangements modified during period explanatory [TextBlock] Incremental fair value granted modified employee share-based payment arrangements

0 0

Expense from employee share-based payment transactions in which services received did not qualify for recognition as assets

0 0

Expense from equity settled employee share-based payment transactions in which services received did not qualify for recognition as assets

0 0

Carrying amount of liabilities from employee share-based payment transactions

0 0

Intrinsic value of liabilities from employee share-based payment transactions for which employee right to cash or other assets vested by period end

0 0

121



Disclosure of notes on employee share-based payment arrangements explanatory [Text Block]Employee Stock Option Scheme

In a general meeting held on June 26, 2007,the shareholders of the company through aspecial resolution approved an employee stockoption plan which provides for grant of StockOptions to eligible employees of the Companyand its subsidiaries to acquire equity shares ofthe Company. The options are to be convertedinto one equity share at a predetermined pricedetermined at the time of the grant. Theoptions granted vest in a graded manner andare to be exercised within a period of 4 yearsfrom the date of vesting. Under the approvedplan, the company has issued 56,432 shares intranches to the VLCC Employee WelfareTrust at fair market value determined onvarious date of issue and the trust is holdingthe shares on behalf of employees till theperiod the granted options are exercised by theemployees in accordance with the plan.

Advance of Rs.5,810,000 paid to the VLCCEmployee Welfare Trust for subscribing to theshares of the Company has been adjusted forRs.564,320 in Note 3 being the face value ofshares issued to the trust and the balance ofRs.5,245,680 has been adjusted withSecurities Premium account in Note 4 beingthe premium at which the shares were issued.

Employee stock options details as on theBalance Sheet date are as follows:

ParticularsDuring the yearended 31 March, 2012

During the year ended 31 March, 2011

Options (Numbers)

Weighted average exerciseprice per option (Rs.)

Options (Numbers)


Option outstanding at the beginning of theyear:

26,950

64

23,139

70

Granted during the year: 10,000

238

4,858

64

Vested during the year: 6,004

66

16,086

61

Exercised during the year: -

-

-

-

Lapsed/Forfeited during the year: 993

58

1,047

180

Options outstanding at the end of the year: 35,957

113

26,950

64

Options available for grant: 20,475

29,482

122



Disclosure of notes on employee share-based payment arrangements explanatory [Text Block]Employee Stock Option Scheme

In a general meeting held on June 26, 2007,the shareholders of the company through aspecial resolution approved an employee stockoption plan which provides for grant of StockOptions to eligible employees of the Companyand its subsidiaries to acquire equity shares ofthe Company. The options are to be convertedinto one equity share at a predetermined pricedetermined at the time of the grant. Theoptions granted vest in a graded manner andare to be exercised within a period of 4 yearsfrom the date of vesting. Under the approvedplan, the company has issued 56,432 shares intranches to the VLCC Employee WelfareTrust at fair market value determined onvarious date of issue and the trust is holdingthe shares on behalf of employees till theperiod the granted options are exercised by theemployees in accordance with the plan.

Advance of Rs.5,810,000 paid to the VLCCEmployee Welfare Trust for subscribing to theshares of the Company has been adjusted forRs.564,320 in Note 3 being the face value ofshares issued to the trust and the balance ofRs.5,245,680 has been adjusted withSecurities Premium account in Note 4 beingthe premium at which the shares were issued.

Employee stock options details as on theBalance Sheet date are as follows:

ParticularsDuring the yearended 31 March, 2012

During the year ended 31 March, 2011

Options (Numbers)


Options (Numbers)


Option outstanding at the beginning of theyear:

26,950

64

23,139

70

Granted during the year: 10,000

238

4,858

64

Vested during the year: 6,004

66

16,086

61

Exercised during the year: -

-

-

-

Lapsed/Forfeited during the year: 993

58

1,047

180

Options outstanding at the end of the year: 35,957

113

26,950

64

Options available for grant: 20,475

29,482

123


[201800] Notes - Borrowing cost


to 31/03/2012

01/04/2010 to

31/03/2011

Disclosure of notes on borrowing costs explanatory [TextBlock] Textual information (47) [See below]


Borrowing costs capitalised 27,98,558 1,07,50,715


Disclosure of notes on borrowing costs explanatory [Text Block]

Borrowing costs


Details of borrowing costs capitalised

Particulars Year ended March 31, 2012


Rs. Rs.

Details of borrowing costs capitalized

Borrowing costs capitalised during the year

- as fixed assets / intangible assets / capital work-in-progress

2,798,558 10,750,715

124



Disclosure of notes on borrowing costs explanatory [Text Block]

Borrowing costs


Details of borrowing costs capitalised

Particulars Year ended March 31, 2012


Rs. Rs.

Details of borrowing costs capitalized

Borrowing costs capitalised during the year

- as fixed assets / intangible assets / capital work-in-progress

2,798,558 10,750,715

125


[201600] Notes - Related party

Disclosure of relationship and transactions between related parties [Table] ..(1)

Unless otherwise specified, all monetary values are in INRCategories of related parties [Axis] Rel1 Rel2

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of relationship and transactionsbetween related parties [Abstract] Disclosure of relationship andtransactions between related parties [LineItems]

Name of related party V L C C INDIA LIMITED V L C C INDIA LIMITEDVLCC PERSONAL CARELIMITED

VLCC PERSONAL CARELIMITED

Country of incorporation or residenceof related party


Permanent account number of relatedparty

AABCB5507D AABCB5507D AABCV6538Q AABCV6538Q

CIN of related party U26246DL1999PLC099212 U26246DL1999PLC099212 U52212DL2000PLC107566 U52212DL2000PLC107566

Description of nature of related partyrelationship

Subsidiary company Subsidiary company Subsidiary company Subsidiary company

Description of nature of transactionswith related party

Not Applicable Not ApplicablePurchase of Goods,Dividend. Rent

Purchase of Goods,Dividend. Rent

Related party transactions [Abstract] Purchases of goods related partytransactions

0 0 10,65,46,336 10,83,97,897

Revenue from sale of goods relatedparty transactions

0 0 0 0

Purchases of tangible assets relatedparty transactions

0 0 2,41,50,536 0

Sales of tangible assets related party transactions

0 0 0 0

Services received related partytransactions

0 0 0 0

Revenue from rendering of servicesrelated party transactions

0 0 0 0

Leases as lessor related partytransactions

0 0 0 0

Leases as lessee related partytransactions

0 0 24,00,000 24,00,000

Advances given during year relatedparty transactions

0 0 0 0

Advances taken during year relatedparty transactions

0 0 0 0

Interest received during year relatedparty transactions

0 0 0 0

Interest paid during year related party

transactions 0 0 0 0

Reimbursement of expenses incurredon behalf of company during yearrelated party transactions

0 0 0 0

126


Reimbursement of expenses incurredby related party during year related party

transactions

0 0 4,35,049 3,36,495

Hire purchase as purchaser relatedparty transactions

0 0 0 0

Hire purchase as seller related party transactions

0 0 0 0

Transfers of research anddevelopment from enterprise related party transactions

0 0 0 0

Transfers of research anddevelopment to enterprise related party transactions

0 0 0 0

Transfers under license agreementsfrom enterprise related party transactions

0 0 0 0

Transfers under license agreements to

enterprise related party transactions 0 0 0 0

Transfers under finance agreementsrelated party transactions [Abstract] Transfers of loan under finance agreements from enterprise related party transactions

0 0 0 0

Transfers of loan under finance agreements to enterprise relatedparty transactions

0 0 0 0

Equity contributions made underfinance agreements related partytransactions

0 0 0 0

Equity contributions received under

finance agreements related party transactions

0 0 0 0

Provision of guarantees or collateralby enterprise related party transactions

0 0 0 0

Provision of guarantees or collateralto enterprise related party transactions

0 0 0 0

Services received from managementcontracts

0 0 0 0

Revenue from services renderedthrough management contracts

0 0 0 0

Expense from agency arrangements 0 0 0 0

Revenue form agency arrangements 0 0 0 0

Other related party transactionsexpense

0 0 4,08,272 7,12,885

Other related party transactionsincome

0 0 0 1,50,00,000

Transaction relating to keymanagement personnel [Abstract] Remuneration for key managerialpersonnel

0 0 0 0

Outstanding balances for related party transactions [Abstract] Amounts payable related partytransactions

0 0 0 0

Amounts receivable related partytransactions

0 0 0 0

Provisions for doubtful debts relatedto outstanding balances of related party transaction

0 0 0 0

127


Share application money receivedfrom related party

0 0 0 0

Share application money given torelated party

0 0 0 0

Maximum amount payable to relatedparty during period

0 0 0 0

Maximum amount receivable fromrelated party during period

0 0 0 0

Amount written off during period inrespect of debts due from related parties

0 0 0 0

Amount written back during period inrespect of debts due to related parties

0 0 0 0

128




01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of relationship and transactions between related parties [Abstract] Disclosure of relationship and transactions between related parties [LineItems]

Name of related party VLCC RETAIL LTD. VLCC RETAIL LTD.V L C CInternational Inc

VLCC InternationalInc

Country of incorporation or residence of related party

INDIA INDIAU N I T E DKINGDOM

U N I T E DKINGDOM

Permanent account number of related party AACCB2711L AACCB2711L

CIN of related party U74996DL2006PLC149773 U74996DL2006PLC149773

Description of nature of related party relationship Subsidiary company Subsidiary companySubsidiarycompany

Subsidiary company

Description of nature of transactions with related party

Not Applicable Not Applicable Sale of Goods Sale of Goods

Related party transactions [Abstract] Purchases of goods related party transactions 0 0 0 0

Revenue from sale of goods related party transactions

0 0 40,21,222 39,90,484

Purchases of tangible assets related party transactions

0 0 0 0


0 0 0 0

Services received related party transactions 0 0 0 0

Revenue from rendering of services related party transactions

0 0 0 0

Leases as lessor related party transactions 0 0 0 0

Leases as lessee related party transactions 0 0 0 0

Advances given during year related party transactions

0 0 0 0

Advances taken during year related party transactions

0 0 0 0

Interest received during year related party transactions

0 0 0 0

Interest paid during year related party transactions

0 0 0 0

Reimbursement of expenses incurred on behalf of company during year related party transactions

0 0 0 0

Reimbursement of expenses incurred by related party during year related party transactions

0 0 0 0

Hire purchase as purchaser related party transactions

0 0 0 0


0 0 0 0

Transfers of research and development from enterprise related party transactions

0 0 0 0

Transfers of research and development to enterprise related party transactions

0 0 0 0

Transfers under license agreements from enterprise related party transactions

0 0 0 0

Transfers under license agreements to enterprise related party transactions

0 0 0 0

Transfers under finance agreements related party transactions [Abstract] Transfers of loan under finance agreements from enterprise related party transactions

0 0 0 0

Transfers of loan under finance agreements to enterprise related party transactions

0 0 0 0

Equity contributions made under finance agreements related party transactions

0 0 0 0

129


Equity contributions received under finance agreements related party transactions

0 0 0 0

Provision of guarantees or collateral by enterprise related party transactions

0 0 0 0

Provision of guarantees or collateral to enterprise related party transactions

0 0 0 0

Services received from management contracts 0 0 0 0

Revenue from services rendered through management contracts

0 0 0 0



Other related party transactions expense 0 0 0 0

Other related party transactions income 0 0 0 0

Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 0 0 0 0

Outstanding balances for related party transactions [Abstract] Amounts payable related party transactions 0 0 0 0

Amounts receivable related party transactions 0 0 0 0

Provisions for doubtful debts related to outstanding balances of related party transaction

0 0 0 0

Share application money received from related party

0 0 0 0

Share application money given to related party 0 0 0 0

Maximum amount payable to related party during period

0 0 0 0

Maximum amount receivable from related party during period

0 0 0 0

Amount written off during period in respect of debts due from related parties

0 0 0 0

Amount written back during period in respect of debts due to related parties

0 0 0 0

130




01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


Name of related party VLCC InternationalLLC

VLCC InternationalLLC

VLCC Middle EastLLC

VLCC Middle EastLLC


UNITED ARABEMIRATES

UNITED ARABEMIRATES

UNITED ARABEMIRATES

UNITED ARABEMIRATES

Description of nature of related party relationship Subsidiary company Subsidiary company Subsidiary company Subsidiary company



Related party transactions [Abstract] Purchases of goods related party transactions 0 0 0 1,21,883


0 0 16,33,551 14,318


0 0 1,86,750 0


0 0 0 0



0 0 0 0




0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

131



0 0 0 0


0 0 0 0



0 0 0 0









0 0 0 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

132




01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


Name of related party VLCC EuropeLimited

VLCC EuropeLimited

VLCC InternationalLiability Company

VLCC InternationalLiability Company


U N I T E DKINGDOM

UNITED KINGDOM OMAN OMAN



Not Applicable Not Applicable Not Applicable Not Applicable



0 0 0 0


0 0 0 0


0 0 0 0



0 0 0 0




0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

133



0 0 0 0


0 0 0 0



0 0 0 0









0 0 0 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

134




01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


Name of related party VLCC InternationalLLC

VLCC InternationalLLC

VLCC InternationalQatar W.L.L.



BAHRAIN BAHRAIN QATAR QATAR






0 0 2,26,014 0


0 0 0 0


0 0 0 0



0 0 0 0




0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

135



0 0 0 0


0 0 0 0



0 0 0 0









0 0 0 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

136




01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


Name of related party VLCC OverseasLimited

VLCC OverseasLimited

VLCC Healthcare(Bangladesh) PvtLtd.

VLCC Healthcare(Bangladesh) Pvt Ltd.


UNITED ARABEMIRATES

UNITED ARABEMIRATES

BANGLADESH BANGLADESH






0 0 48,842 26,84,469


0 0 0 0


0 0 0 0



0 0 0 0




0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 43,47,964


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

137



0 0 0 0


0 0 0 0


0 0 0 0



0 0 0 0









0 0 0 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

138




01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


Name of related party VLCC HealthcareLanka (P) Ltd

VLCC HealthcareLanka (P) Ltd

VLCC EducationLanka (P) Ltd



SRI LANKA SRI LANKA SRI LANKA SRI LANKA



Sale of Goods Sale of Goods Not Applicable Not Applicable



5,10,670 10,65,410 0 0


0 0 0 0


0 0 0 0



0 0 0 0




0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 25,07,050 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

139



0 0 0 0


0 0 0 0



0 0 0 0









0 0 0 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

140




01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


Name of related party VLCC SingaporePte Ltd

VLCC Singapore PteLtd

VLCC HealthcareEgypt LLC



SINGAPORE SINGAPORE EGYPT EGYPT



Not Applicable Not Applicable Not Applicable Not Applicable



0 0 0 0


0 0 0 0


0 0 0 0



0 0 0 0




0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

141



0 0 0 0


0 0 0 0



0 0 0 0









0 0 0 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

142




01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to


Name of related party NATRAJ WOOLLENAND FINISHING MILLSPRIVATE LIMITED

NATRAJ WOOLLENAND FINISHING MILLSPRIVATE LIMITED

Mukesh Luthra Mukesh Luthra



Permanent account number of related party AAPPL0340R AAPPL0340R

CIN of related party U17123DL1981PTC012796 U17123DL1981PTC012796

Description of nature of related party relationship

Enterprises which areowned, or have significantinfluence of or are partnerswith Key managementpersonnel and their relatives

Enterprises which areowned, or have significantinfluence of or are partnerswith Key managementpersonnel and their relatives

Key ManagementPersonnel



Rent payment Rent payment Remuneration Remuneration



0 0 0 0


0 0 0 0


0 0 0 0



0 0 0 0

Leases as lessor related party transactions 1,20,00,000 1,20,00,000 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

143



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0



0 0 0 0





Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 0 0 0 21,05,460




0 0 0 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

144




01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of relationship and transactions between related parties [Abstract] Disclosure of relationship and transactions between related parties [LineItems] Name of related party Sandeep Ahuja Sandeep Ahuja Pallavi Luthra Puri Pallavi Luthra Puri



Permanent account number of related party AAAPA0831F AAAPA0831F AFJPL1878E AFJPL1878E

Description of nature of related party relationship Key ManagementPersonnel





Remuneration Remuneration Remuneration Remuneration



0 0 0 0


0 0 0 0


0 0 0 0

Services received related party transactions 0 0 0 2,07,200


0 0 0 0




0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

145



0 0 0 0


0 0 0 0


0 0 0 0



0 0 0 0





Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 62,16,000 57,43,410 0 2,07,200




0 0 0 0


0 0 0 0



0 0 0 0


0 0 0 0


0 0 0 0


0 0 0 0

146



Unless otherwise specified, all monetary values are in INRCategories of related parties [Axis] Rel21

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of relationship and transactions between related parties [Abstract] Disclosure of relationship and transactions between related parties [LineItems] Name of related party Vandana Luthra Vandana Luthra

Country of incorporation or residence of related party INDIA INDIA

Permanent account number of related party AABPL9077H AABPL9077H

Description of nature of related party relationship Relatives of Keymanagementpersonnel

Relatives of Keymanagementpersonnel

Description of nature of transactions with related party Professional Fess Professional Fess

Related party transactions [Abstract] Purchases of goods related party transactions 0 0

Revenue from sale of goods related party transactions 0 0

Purchases of tangible assets related party transactions 0 0

Sales of tangible assets related party transactions 0 0

Services received related party transactions 7,44,525 6,75,000

Revenue from rendering of services related party transactions 0 0

Leases as lessor related party transactions 0 0

Leases as lessee related party transactions 0 0

Advances given during year related party transactions 0 0

Advances taken during year related party transactions 0 0

Interest received during year related party transactions 0 0

Interest paid during year related party transactions 0 0


0 0


0 0

Hire purchase as purchaser related party transactions 0 0

Hire purchase as seller related party transactions 0 0

Transfers of research and development from enterprise related party transactions 0 0

Transfers of research and development to enterprise related party transactions 0 0

Transfers under license agreements from enterprise related party transactions 0 0

Transfers under license agreements to enterprise related party transactions 0 0


0 0


0 0

Equity contributions made under finance agreements related party transactions 0 0


0 0

Provision of guarantees or collateral by enterprise related party transactions 0 0

Provision of guarantees or collateral to enterprise related party transactions 0 0

Services received from management contracts 0 0

Revenue from services rendered through management contracts 0 0

Expense from agency arrangements 0 0

Revenue form agency arrangements 0 0

Other related party transactions expense 0 0

Other related party transactions income 0 0

Transaction relating to key management personnel [Abstract] Remuneration for key managerial personnel 0 0

Outstanding balances for related party transactions [Abstract] Amounts payable related party transactions 0 0

Amounts receivable related party transactions 0 0


0 0

Share application money received from related party 0 0

Share application money given to related party 0 0

Maximum amount payable to related party during period 0 0

Maximum amount receivable from related party during period 0 0

147


Amount written off during period in respect of debts due from related parties 0 0

Amount written back during period in respect of debts due to related parties 0 0


to 31/03/2012

01/04/2010 to

31/03/2011Disclosure of notes on related party explanatory [TextBlock] Whether there are any related party transactions during year Yes Yes

Whether company is subsidiary company No No

[201400] Notes - Leases

Disclosure of minimum operating lease payments by lessee [Table] ..(1)

Unless otherwise specified, all monetary values are in INRMaturity [Axis] Aggregated time bands [Member] Not later than one year [Member]

31/03/2012 31/03/2011 31/03/2012 31/03/2011 Disclosure of finance lease and operating lease by lessee [Abstract] Disclosure of operating lease by lessee [Abstract] Disclosure of minimum operating lease payments by lessee [Abstract] Disclosure of operating lease by lessee [LineItems] Minimum operating lease payments payable 5,35,58,014 10,24,35,774 3,11,62,944 4,88,77,761

Disclosure of minimum operating lease payments by lessee [Table] ..(2)


Maturity [Axis] Later than one year and not later thanfive years [Member]

31/03/2012 31/03/2011 Disclosure of finance lease and operating lease by lessee [Abstract] Disclosure of operating lease by lessee [Abstract] Disclosure of minimum operating lease payments by lessee [Abstract] Disclosure of operating lease by lessee [LineItems] Minimum operating lease payments payable 2,23,95,070 5,35,58,013


to 31/03/2012

01/04/2010 to

31/03/2011Disclosure of leases explanatory [TextBlock] Contingent rents recognised as expense classified as finance lease 0 0

Expected future minimum sublease payments receivable under non cancellable subleases, classified as finance lease

0 0

Expected future minimum sublease payments receivable under non cancellable subleases, classified as operating lease

0 0

Minimum lease payments recognised as expense, classified as operating lease

39,84,44,318 34,29,96,488

Contingent rents recognised as expense, classified as operating lease

0 0

Total lease payments recognised as expense 39,84,44,318 34,29,96,488

Sublease payments received or receivable recognised in statement of profit or loss, classified as operating lease

24,00,000 24,00,000

Unguaranteed residual values accruing to benefit of lessor 0 0

Accumulated provision for uncollectible minimum lease payments receivable

0 0

Contingent rents recognised as income classified as finance lease 0 0

Contingent rents recognised as income classified as operating lease 0 0

148


[300300] Notes - Earnings per share


to 31/03/2012

01/04/2010 to

31/03/2011Disclosure of earnings per share explanatory [TextBlock] Adjustments of numerator to calculate basic earnings per share [Abstract] Profit (loss) for period 8,01,72,112 37,30,26,386

Adjustments of numerator to calculate diluted earnings per share [Abstract] Profit (loss) for period 8,01,72,112 37,30,26,386

149


[202800] Notes - Subsidiary information

Details of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in INRSubsidiaries [Axis] Sub1 Sub2 Sub3 Sub4

01/04/2011 to

31/03/2012

01/04/2011 to

31/03/2012

01/04/2011 to

31/03/2012

01/04/2011 to

31/03/2012 Details of subsidiaries [Abstract] Details of subsidiaries [LineItems]

Name of subsidiary V L C C INDIA LIMITEDVLCC Personal CareLimited

VLCC RETAIL LTD.V L C CInternational Inc

Country of incorporation or residence ofsubsidiary

INDIA INDIA INDIAU N I T E DKINGDOM

CIN of subsidiary company U26246DL1999PLC099212 U52212DL2000PLC107566 U74996DL2006PLC149773

Section under which company becamesubsidiary

Section 4(1)(b) Section 4(1)(b) Section 4(1)(b) Section 4(1)(b)

Whether subsidiary has filed balance sheet Yes No Yes No

SRN of filing of balance sheet by subsidiary P93258028 P93015352

Reason if no filing has been made by subsidiary Delayed Filing Foreign Company

Whether financial year of subsidiary coincides with financial year of holding company

Yes Yes Yes Yes

Financial year of subsidiary [Abstract] Start date of accounting period of subsidiary 01/04/2011 01/04/2011 01/04/2011 01/04/2011

End date of accounting period of subsidiary 31/03/2012 31/03/2012 31/03/2012 31/03/2012

Date of becoming subsidiary 18/04/1999 06/09/2000 16/06/2006 02/12/2004

Number of shares held of subsidiary [shares] 85,500 [shares] 43,75,000 [shares] 50,000 [shares] 24,67,687

Face value of shares of subsidiary [shares] 8,55,000 [shares] 4,37,50,000 [shares] 5,00,000[shares]

13,12,06,269

Paid-up value of shares held of subsidiary 8,55,000 4,37,50,000 5,00,000 13,12,06,269

Percentage of shareholding in subsidiary 95.00% 100.00% 100.00% 100.00%

Proportion of voting power in subsidiary [pure] 0.95 [pure] 1 [pure] 1 [pure] 1

Key information about subsidiary [Abstract] Reporting currency of subsidiary INR INR INR AED

Exchange rate as applicable for subsidiary 1 1 1 14.79

Share capital of subsidiary [Abstract] Equity share capital of subsidiary 9,00,000 4,37,50,000 5,00,000 1,08,05,541

Preference share capital of subsidiary 0 0 0 0

Share capital of subsidiary 9,00,000 4,37,50,000 5,00,000 1,08,05,541

Reserves and surplus of subsidiary -8,20,731 43,27,67,066 -3,66,298 4,69,61,152

Total assets of subsidiary 87,199 26,27,14,215 1,39,320 19,19,081

Total liabilities of subsidiary 7,930 27,14,46,977 5,618 30,000

Investment of subsidiary 0 0 0 5,58,77,612

Total income of subsidiary 0 102,03,74,573 0 3,73,041

Profit before tax of subsidiary -8,436 16,69,90,299 -8,436 3,35,785

Provision for tax of subsidiary 0 0 0 0

Profit after tax of subsidiary -8,436 16,69,90,299 -8,436 3,35,785

Proposed dividend of subsidiary 0 0 0 0

Guarantee given for loans borrowed bysubsidiary Name of guaranteed party on loans borrowedby subsidiary

VLCC Personal CareLimited

V L C CInternational Inc

CIN of guaranteed party on loans borrowed by

subsidiary U52212DL2000PLC107566

Amount guaranteed on loans borrowed by subsidiary

30,00,00,000 39,92,08,750

150




01/04/2011 to

31/03/2012

01/04/2011 to

31/03/2012

01/04/2011 to

31/03/2012

01/04/2011 to


Name of subsidiary VLCC InternationalLLC

VLCC Middle EastLLC

VLCC EuropeLimited

VLCC InternationalLiability Company,Oman

Country of incorporation or residence of subsidiary UNITED ARABEMIRATES

UNITED ARABEMIRATES

U N I T E DKINGDOM

OMAN

Section under which company became subsidiary Section 4(1)(c) Section 4(1)(c) Section 4(1)(c) Section 4(1)(c)

Whether subsidiary has filed balance sheet No No No No

Reason if no filing has been made by subsidiary Foreign Company Foreign Company Foreign Company Foreign Company


Yes Yes Yes Yes




Number of shares held of subsidiary [shares] 0 [shares] 0 [shares] 0 [shares] 0

Face value of shares of subsidiary [shares] 0 [shares] 0 [shares] 0 [shares] 0

Paid-up value of shares held of subsidiary 0 0 0 0


Proportion of voting power in subsidiary [pure] 0 [pure] 0 [pure] 0 [pure] 0

Key information about subsidiary [Abstract] Reporting currency of subsidiary AED AED GBP OMR

Exchange rate as applicable for subsidiary 14.79 14.79 87.39 141.26

Share capital of subsidiary [Abstract] Equity share capital of subsidiary 3,00,000 3,00,000 1 1,50,000


Share capital of subsidiary 3,00,000 3,00,000 1 1,50,000

Reserves and surplus of subsidiary 1,75,68,860 27,61,157 0 51,947

Total assets of subsidiary 4,92,04,010 67,98,454 0 9,90,322

Total liabilities of subsidiary 3,13,35,150 67,98,454 0 7,88,375

Investment of subsidiary 0 0 0 0

Total income of subsidiary 5,47,43,028 1,16,35,533 0 12,94,956

Profit before tax of subsidiary -1,40,487 10,32,747 0 5,236

Provision for tax of subsidiary 0 0 0 628

Profit after tax of subsidiary -1,40,487 10,32,747 0 4,608


Nature of relationship with subsidiary where parent has directly or indirectly less than half of voting power

Step downSubsidiary

S t ep downSubsidiary



151




01/04/2011 to

31/03/2012

01/04/2011 to

31/03/2012

01/04/2011 to

31/03/2012

01/04/2011 to


Name of subsidiary VLCC InternationalLLC, (Bahrain)WLL


VLCC OverseasLimited

VLCC Healthcare(Bangladesh) PvtLtd.

Country of incorporation or residence of subsidiary BAHRAIN QATARUNITED ARABEMIRATES

BANGLADESH





Yes Yes Yes Yes









Key information about subsidiary [Abstract] Reporting currency of subsidiary BHD QAR AED BDT


Share capital of subsidiary [Abstract] Equity share capital of subsidiary 20,000 2,00,000 10,000 4,56,00,400


Share capital of subsidiary 20,000 2,00,000 10,000 4,56,00,400

Reserves and surplus of subsidiary 1,02,213 1,69,28,285 54,02,588 -18,31,476

Total assets of subsidiary 9,03,574 1,87,15,661 43,993 6,23,21,291

Total liabilities of subsidiary 7,81,361 15,87,376 15,000 1,85,52,767

Investment of subsidiary 0 0 53,83,595 0

Total income of subsidiary 9,05,653 1,35,20,751 0 5,51,52,317

Profit before tax of subsidiary 1,755 19,165 -71,934 -2,81,527

Provision for tax of subsidiary 0 0 0 -1,05,573

Profit after tax of subsidiary 1,755 19,165 -71,934 -1,75,954


Guarantee given for loans borrowed by subsidiary

Name of guaranteed party on loans borrowed by subsidiary

VLCC InternationalLLC, (Bahrain)WLL

Amount guaranteed on loans borrowed by subsidiary

3,75,00,000


Step downSubsidiary




152




01/04/2011 to

31/03/2012

01/04/2011 to

31/03/2012

01/04/2011 to

31/03/2012

01/04/2011 to


Name of subsidiary VLCC HealthcareLanka (P) Ltd


VLCC Singapore PteLtd


Country of incorporation or residence of subsidiary SRI LANKA SRI LANKA SINGAPORE EGYPT





Yes Yes Yes Yes









Key information about subsidiary [Abstract] Reporting currency of subsidiary LKR LKR SGD EGP


Share capital of subsidiary [Abstract] Equity share capital of subsidiary 9,05,15,010 10 1 60,000


Share capital of subsidiary 9,05,15,010 10 1 60,000

Reserves and surplus of subsidiary -2,11,58,916 -2,80,030 0 -205

Total assets of subsidiary 8,89,97,734 10 0 0

Total liabilities of subsidiary 1,96,41,640 2,80,030 0 0

Investment of subsidiary 0 0 0 0

Total income of subsidiary 4,60,79,600 0 0 0

Profit before tax of subsidiary -2,20,24,032 -59,766 0 0

Provision for tax of subsidiary 24,72,419 0 0 0

Profit after tax of subsidiary -1,95,51,613 -59,766 0 0



Step downSubsidiary





to 31/03/2012

Disclosure of subsidiary information explanatory [TextBlock] Whether company has subsidiary companies Yes

153


[201900] Notes - Income taxes


Disclosure of notes on income taxes explanatory [TextBlock] Disclosure of breakup of deferred tax assets and deferred tax liabilities [Abstract] Components of deferred tax assets [Abstract] Deferred tax asset, employee benefits 17,50,587 20,60,584

Deferred tax asset, expenditure disallowances 0 0

Deferred tax asset, fixed assets 1,80,40,948 12,33,401

Deferred tax asset, provision doubtful debts 0 0

Deferred tax asset, sundry debtors 0 0

Deferred tax asset, unabsorbed depreciation 0 0

Deferred tax asset, unrealised carried forward losses 0 0

Deferred tax asset, VRS payment 0 0

Deferred tax in respect of business combinations 0 0

Deferred tax asset, other 25,90,821 25,90,821

Total deferred tax assets 2,23,82,356 58,84,806

Components of deferred tax liabilities [Abstract] Deferred tax liability, depreciation 0 0

Deferred tax liability, export incentives 0 0

Deferred tax liability, investments 0 0

Deferred tax liability, provision doubtful debts 0 0

Deferred tax liability, provision employee benefits 0 0

Deferred tax liability, provision expenses 0 0

Deferred tax liability, technical know-how fees 0 0

Deferred tax liability, other 0 0

Total deferred tax liabilities 0 0

Details of adjustments of deferred tax asset [Abstract] Adjustments of deferred tax asset against general reserve where approved by court

0 0

Adjustments of deferred tax asset against securities premium where approved by court

0 0

[202400] Notes - Investments in associates


to 31/03/2012

Disclosure of notes on investment in associates explanatory [TextBlock] Whether company has invested in associates No

[202500] Notes - Financial reporting of interests in joint ventures


to 31/03/2012

Disclosure of notes on interests in joint ventures explanatory [TextBlock] Whether company has invested in joint ventures No

154


[201500] Notes - Impairment

Disclosure of impairment loss recognised or reversed [Table] ..(1)

Unless otherwise specified, all monetary values are in INRIndividual assets or cash generating units [Axis] Individual assets [Member]

Classes of assets [Axis] Tangible assets [Member]Primary reportable segments [Axis] Primary reportable segments 1 [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Explanation of impairment loss recognised or reversed by class of assets and by reportable segment Disclosure of impairment loss recognised or reversed [Abstract] Disclosure of impairment loss recognised or reversed [LineItems] Explanation of main events and circumstances that led to recognition of impairment losses and reversals of impairment losses

Revaluation Revaluation

Impairment loss 89,04,525 29,17,498

Reversal of impairment loss 0 0

Nature of asset

Leasehold Improvements, OfficeEquipments, Furniture &Fixtures, Plant & Equipmentsetc.

LeaseholdImprovements

Disclosure of impairment of assets in primary segment disclosure format [Table] ..(1)


Primary reportable segments [Axis] Primary reportable segments [Member] Primary reportable segments 1[Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of impairment of assets in primary segment disclosure format [Abstract] Disclosure of impairment of assets in primary segment disclosure format [LineItems] Impairment loss recognised in profit or loss 89,04,525 29,17,498 89,04,525 29,17,498

Impairment loss directly recognised in revaluation surplus

0 0 0 0

Reversal of impairment loss recognised in profit or loss

0 0 0 0

Reversal of impairment loss directly recognised in revaluation surplus

0 0 0 0

Disclosure of impairment loss and reversal of impairment loss [Table] ..(1)

Unless otherwise specified, all monetary values are in INRClasses of assets [Axis] Classes of assets [Member] Tangible assets [Member]

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011

01/04/2011 to

31/03/2012

01/04/2010 to

31/03/2011 Disclosure of impairment loss and reversal of impairment loss [Abstract] Disclosure of impairment loss and reversal of impairment loss [LineItems] Impairment loss recognised in profit or loss 89,04,525 29,17,498 89,04,525 29,17,498

Line item in statement of profit or loss where impairment loss is recognised

With Depreciation With Depreciation

Reversal of impairment loss recognised in profit or loss

0 0 0 0

Impairment loss directly recognised in revaluation surplus

0 0 0 0

Reversal of impairment loss directly recognised in revaluation surplus

0 0 0 0

155



to 31/03/2012

01/04/2010 to

31/03/2011

Disclosure of impairment of assets explanatory [TextBlock] Textual information (49) [See below]


Disclosure of impairment loss and reversal of impairment loss explanatory [TextBlock] Disclosure of impairment of assets in primary segment disclosure format explanatory [TextBlock] Explanation of impairment loss recognised or reversed by class of assets and by reportable segment


Disclosure of impairment of assets explanatory [Text Block]

Impairment of Assets



Disclosure of impairment of assets explanatory [Text Block]

Impairment of Assets


156


[202100] Notes - Other provisions, contingent liabilities and contingent assets

Disclosure of other provisions [Table] ..(1)


Classes of other provisions [Axis] Company total other provisions[Member]

Miscellaneous other provisions [Member]

31/03/2012 31/03/201101/04/2011

to 31/03/2012

01/04/2010 to

31/03/2011 Disclosure of other provisions [Abstract] Disclosure of other provisions [LineItems] Reconciliation of changes in other provisions [Abstract] Changes in other provisions [Abstract] Additional provisions, other provisions 0 0

Increase in existing other provisions 0 0

Provision used, other provisions 0 0

Unused provision reversed, other provisions

0 0

Total changes in other provisions 0 0

Other provisions at end of period 0 0 0 0

Asset recognised for expected reimbursement other provisions

0 0

Expected reimbursement other provisions 0 0

[202700] Notes - Cash flow statements


to 31/03/2012

01/04/2010 to

31/03/2011Disclosure of cash flow statement explanatory [TextBlock] Cash and cash equivalents if different from balance sheet [Abstract] Cash and cash equivalents cash flow statement 19,45,14,150 17,83,64,213

Total cash and cash equivalents 19,45,14,150 17,83,64,213

Income taxes paid (refund) [Abstract] Income taxes paid (refund), classified as operating activities 5,40,46,210 4,28,76,097

Income taxes paid (refund), classified as investing activities 0 0

Income taxes paid (refund), classified as financing activities 0 0

Total income taxes paid (refund) 5,40,46,210 4,28,76,097

VLCC Balance Sheet 2012.pdf

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Transcript of VLCC Balance Sheet 2012.pdf