S.R. BATIBO! & AssociaTes LLP Setar teal S703 0702) ‘her Aceutants ofan curn oa fa Te 1191-4¢seseaz00 Fae '95 4829640320 INDEPENDENT AUDITOR'S REPORT ‘To the Members of Matrimony.Com Limited Report on the Financial Statements We have audited the accompanying standalone financial statements of Matrimony.Com Limited (“the Company”), which comprise the Balance Sheet as at March 31, 2017, the Statement of Profit and Loss and Cesh Flow Statement for the year then ended, and a summary of significant accounting policies and other explanatory information, ‘Management's Responsibility for the Financial Statements “The Company's Board of Directors is responsible for the mutters stated in Section 1345) ofthe Companies Ac, 2013 (‘the Act) with respect to the preparation of these standalone financial statements tat give rue and fr view ofthe financial poston, nancial pecformance and eash flows ‘of the Compaay in aecordance with accounting principles generally accepted in Indi, including the ‘Accounting Standards spciiod under section 133 ofthe Act, reed. with Rue 7 of the Companies (Gccounts) Rules, 2014 and the Companies (Accounting Standards) Amendment Rules, 2016. This resporsibilty also includes maintenance of adequate accounting records in accordance with the rovisions ofthe Act for safeguarding ofthe assets ofthe Company and for preventing and detcoting frauds and other imegularites; selection and application of appropriate accounting polices; making judgments and estimates that are reasonable and. prudent; and the desige, implementation and rmaintenance of adequate interal financial conto that were operating effectively for ensuring the accuracy and completeness ofthe accounting records, relevant to the preparation and presentation of ‘he Ginancial statements tint give a true and fir view and ae free from material misstatement, whether die to fra oer. Auditor's Responsibility ‘Our responsibilty i to express an opinion on these standalone financial statements based on our audit We have taken into account the provisions ofthe Ac, the accounting and auditing standards and matters ‘hich are required to be included in the audit report under the provisions of the Act andthe Rules made thereunder. We conducted our audit in accordance with the Standards on Auditing, issued by the Insite of Chartered Accountants of India, as speified under Section 143(10) of the Act. Those ‘Standards require that we comply with ethical requirements and plan and perform the auit to obtain reasonable assurance about Whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in ‘the financial statemenés. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or ‘errr. In making those risk assessments, the autor considers internal financial conrol relevant to the ‘Companys preparation of the financial statements that give true and fair view inorder to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used andthe reasonableness of the accountng estimates made by the Company's Directors, aswell es evaluating the overall presentation ofthe financial statements. We beliove that the auit evidence we have obtained is sufficient and appropriate to provide a basis for audit opinion on the standalone financial statemens.SR. Barugot & Associates LLP Cartree Accountants Opinion Jn our opinion and to the best of our information and according to the explanations given tous, the standalone financial statements give the information required by the Actin the manner so required and sive a true end far view in conformity withthe accounting principles generally accepted in India of the State of efairs of the Company as at March 31,2017, is profit, adits cashflows forthe year ended on that date, Report on Other Legal and Regulatory Requirements, 1. As required by the Companies (Auditor's report) Order, 2016 (‘the Order”) issued by the Central ‘Government of india in terms of sub-section (L1) of section 143 ofthe Act, we give i the Annexure [Tastatement on the matters specified in paragraphs 3 and 4 of the Order. 2. As requited by section 143 @) ofthe Act, we report that: (@) We have sought and obtained all the information and explanations which to the best of our -kuowledge and belief were necessary for the purpose of our aut, () Inout opinion proper books of accounts required by law have been kept by the Company so far as itappeats from our examination of those books; (© The Balance Sheet, Statement ofProfit and Loss, and Cash Flow Statement dealt with by this Report are in agreement with the books of account; (@ Inour opinion, the aforesaid standalone financial statements comply wit the Accounting Standards specified under section 133 ofthe Act, read with Rule 7 ofthe Companies (Accounts) Rules, 2014 and the Companies (Accounting Standards) Amendment Rules, 2016; (©) On the basis of writen representations received from the directors as on March 31, 2017, and taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2017, ‘rom being appointed as a director in terms of section 164 (2) of the Acts (With respect to the adequacy of the internal finencial controls over financial reporting of the Company and the operating effectiveness of such controls, refer to our separate Report in “Annexure 2" to this report; (@) With respect tothe other matters to be included inthe Auditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our {information and according tothe explanations given to us: i. ‘The Company has disclosed the impact of pending litigations on its financial postion in its financial statements - Refer Note 37 tothe standalone financial statements; fi ‘The Company did not have any long-term contrects including derivative contract for which there were any material foreseeable losses. iil, There were no amounts which were required to be transfrred tothe Investor Education and Protection Fund by the Company. iv. The Company has provided requisite disclosures in Note 38 to these standalone financial statements as to the holding of Specified Bank Notes (SBNs) on November 8, 2016 and \\ December 30, 2016 as well as dealings in Specified Bank Notes during the period ftom fovember &, 2016 to December 30, 2016. Based on our audit procedures and relying on theS.R. BATLIBOI & AssociaTes LLP Curara Accountants management representation, except for tho segregation between SBNs and other Between the reporting cniveney and the foreign cusreney at the dae ofthe lransoction, Gi) Conversion Foreign uvrency monetary items are rtranslated wsing the exchange rate prevailing tthe reporting dale, Non-monctry items, whieh ae measired jn terms of historical cost denaminated ina foreign eureney, are reported using the exchonge rate af the date of the transaction, i) change differences ‘Bechange differences ising on translation! settlement of forign currensy monetary tems ae recognized as income ot a5 expenses i he period in ‘whi they arise (0. Retirement and other employee benefits Retirement benefit in the form of provident fond is «defined contrition scheme. The Company’ has no obligation, athe than the contribution pavable to the provident fand. The Company recognizes contribution payable to the provident fon scheme as expenditure, when an employes renders the related service. [Retiemeot benefit inthe form of gsstuity isa defined benefit scheme. The costs of providing benefit undor ths plan are determined on the basis of enue valontion at cach yeae-end using te projected unit exedit method. Actuarial gains and losses ae recognized in ful n the pes in which, ‘they aceur inthe statement of profit and loss. Short tenn compensated absences are provided for based on estimstes. Long term compensated absences are provided based oo the oetuasial Salvation at the yearend. The actuarial valuation is done as per projected unit eredit method. The company presents the entre Leave as a current Tabi i the balance she, sine it doesnot hove an unconditional ight oder its etlement for 12 months after the reporting dae ‘Actuatil pans / losses are immediatly taken tothe statement of profit and loss and are not defested. (© Tocome taxes “Tax expense comprises curent and deferred tax. Curent incometax is measored atthe amount expected to be pad to the tx authorities Jn Maree ane Income-ax Act, 1961 enacted in India and tx ls prevailing inthe respective tax jursdietions where the company operates, ‘Fan rtcs and tax laws sed to compute the amount aze those that are enacted or substantively enacted, atthe reporting date ‘Deferred income taxes reflect the impact of timing differences between taxable income and accounting income originating during the Curent year aerreaal of timing differences fr the ealir periods. Deferred tax is measured using the tx rates and the tax laws enacted or substantively enacted a the reporting dae. Defeve tas liabilities ae recognized forall taxable timing diferences, Deferred tax asses are recognized for deductible timing differences only to the cutent that there is reasonable eerainy that suficlent future taxable income willbe avalable against which such deferel fax esses can be ie Goat ta tutions where the company has unabsorbed depreciation or camry forward tax losses, all deferred tex assets arc reengnized only if there is virtual certainty supported by convincing evidence that they can be realized against future taxable pris ‘At each reporting date, he company re-assesses unrecognized deferred tex assets I reengnizes unrecognized deferzed tx asst to te ete ha se tevoee reasonably certain or virtually certain, a8 the case may be, that suicient future taxable income wil be available against which such deferred tax assets canbe realized, “The carrying amount of deferred tex assets are reviewed al cach reporting date. The company write-down the canrying amount of deferred tax asset Ta thc coten that tis no longer reasonably cerain or virtually certain, asthe case may be, that suficien future taxable income wil be availabe ‘atot whch deferred tax esse can be realized. Any such write-down i reversed (othe extent that it becomes reasonably certain or vstaly ‘certain, 2 the case maybe, that suicent future taxable income will be available. ‘Minimuna Alternate Tex (MAT) paid in a year is charged to the statement of profit and foss as current tx. The Company ceengnises MAT credit‘Matrimony.com Limited (CIN: U630907TN2001PLC047432) (Formerly known 2s” Matrimony.com Private Limite [Notes to financial statements for the year ended March 31,2017 availble as on asset only to the extent that there is convincing evidence that the Company will pay normal incometax during the specified period, sin eon for which MAT cred allowed fo be caiod forward. In the yea in which the Company recognises MAT eredit as an aeset ip ae kan withthe" Guidance Note on Accounting for Credit Available in respect of Minimum Altemative Tax under the Income-tax Act, 1961", Meet eset is ereated by way of eredit fo tho siatement of profit and loss and shown as “MAT Credit Entitlement. The Company reviews the IN AT Coot Bnitement™ asst at each reporting date and wtes dow the asct tthe extent the Company doesnot have convincing evidenes that ‘twill pay normal tx during the specified period. (m) Employee stock compensation cost Employees incluting senior exoutves) of the Company receive remuneration in the form of shar based payment transactions, wheethy tmployee render services as consideration for equity instruments (equity-settled transactions), In accordance with the Guidance Note on Accounting for Employee Share-based Payments, the cost of equity see! ansactons is measired vaiap i intinte value method, Meapteasent and disclosure ofthe employee ehare-bated payment plans Is donc in aceordance withthe Gukance dean ase ecoting for Employee Shere-bascd Prymens, issued by the Instiute of Chartered Accountants of India. The Company measures we aaton cost relating o employee stack options using the intinsie value method. Compensation expense i amortized over he vesting petiod ‘ofthe option om a stright Line bass, (a) Segment reporting Tent ation of segments In aconfance with the Accounting Stondard ~ 17- "Segment reporting” notified by Companies (Accounting Standard) Rules, 2014 the Company reseed is segmental information adopting business sepment os the prknary reporting format and geographical segment ws the soma reporting forma. ‘The Companys opeatng businesses ave organised and manage separately according to the nature of procts and services provided, with each sgment representing a strategie business unit that offers different products a services Inter-segment transfers. ‘The Company generally aceoutt for intersegment sales an ransers at cos plus appropriate margins Allocation of common costs ‘Comunoe alloable cass are allocated to each segment on a reasonable basis. ‘Unallocated items (Unallocated ites include general comporate income ad expense items which are not allocated to any business segment, Segment accounting policies “The Company prepare its segment information in conformity with the aecounting po stafements ofthe Company asa whole. adopted for preparing and presenting the financial Basie earings per share are calculated by dividing the net profit or fss forthe period attributable to equlty shareholders (afer deduting ‘ference dividends and ettibutable axes) by the weighed average numberof equity shares outstanding during the pris, The weighted ergs er of eouly shares oustanding during the period is adjusted for events such as bonus issue, bonus clement i 9 righ issu, share spi and Tame share split consoldation of shares) that have changed the number of equity shares outstanding, without a corresponding changs in For the purpose of caleulating diluted arnings pr share, the met profit or loss for he period atlbutable vo equity sharcholders and the weighed renee nuber of shares outstanding during the period are adjusted fr the cet of al diutve poten equity sees (@) Prey [A provision is recognized hen the company has © present obligation as a result of past event, it is probable that an outiow of fama a pjing econcmie benefits wll be required to sete the obligation and a reliable estimate can be rae of che amount ofthe obit Fase eeoisr discounted wo thei present value and are determined based on the best estimate required to setl the obligation at he reporting Une, These eaimates ar reviewed at each separiing date and adjusted to reflec the current best estimatesMatrimony.com Limited (CIN: U63097TIN2001PLCO47432) (Pormerly known as" Matrimoay.com Private Limite") [Notes to financial statements forthe year ended March 31, 2017 (4) Contingent Habits ‘A coninget lai isa possible obligation hat arses from past evens whose existence will be confirmed by che ossurence non-occuranos of aaene eee uncertain futne events beyond the contro ofthe company ora present obligation tha isnot recognized because its not probable that se iow of reeources wil be require to sete the obligation, A contingent liability also arises in extremely rare cases where there is 9 lability itor cannot be revoghized because ic cannot be measured reliably. The company does not recognize a contingent lability but cisloses is existence inthe financial statements. (6) Cash and eash equivalents Cash and cash equivalents forthe purposes of ena flow slatement comprise cash at bank and in hond and short-term investments with an ong iaarity of drs months oF ess. (9) Mestarement of EBITDA. ‘As permitted by Schedute IT of Companies Act, 2013 (ershile Revised Schedule VI (the Companies Act, 1950) the Company has elected fo ‘pecker ennings before interes tox, depreciation and anotzaion EBITDA) 8 separate line item on the fee of he sateen of profit nd oss Phe Compony measares EBITDA on the basis of profit (loss) from continuing operations. In is measurement, the company does not include depreciation ad anrortization expense, lance coss, finance income and tex expense This space ts left blank intentionallyiatrimony cor Lio! (CIN: UGSEUOTN260¢PLOR7E2) (ovr lain 90" Matcisingy com Peeate Lined) [ole hassel sttemea\s forthe yen ended Marth 31,2607 (Aono are Rios, wes terse aed) 5 Starecapital Aathorited shares 5 000,000 Ey saves Rs eae (Exe 31, 2016: 36,40,900 Eau stores oF RS ac 4,200,900 Opal Convertible Preernce Shanes (OCPS) / Compussnly Converse Preference Shates(CCPS) of Reach (Mach 31,2016: 4200-000 Cptinlly Conveible Preference Shes 210 2400 (©€PS} I Compulsaily Convene Preference Shores (OCPS) of Rs cach esc, snbseribea ad aly pap shares 21.241991 Eauty ses of R8 each (Mach 31,2016. 14278286 Bguiy shes oR each) 10621 739 ‘Mi are 31,215: 1 992,300 CCPS oF Rs. ea (Srics A) D6 [il Arch 31,2016; 1420552 CCPS of Rs eae (Series -B) 100 ‘iM, 31,206: 254,072 COPS of Ra each) (Seis C) ea ‘Tat asued, serie and ally paid-up shace capital oa 319s Note: Darin the ervies yo, Extaadnary Gener! Mroing eld on August 08, 2015, the Sharcholes proved the consolidation of sates 1 le every 5 (Five exising nity shares of nomial fice valu oF Rs. 31 (Rupee Thaee Only) each ily pa up ino 3 (Thre) ety shes eon fase ate of Ks. (Ruees Fie Only) each fly paihup and every 5 (Five) xing preteens shares of nominal se valve of Rs, + (pee Tce Only eo ly paid pinto 3 (Tso) preference shares nominal face valu oF RS 5F(Rupees Five Only) each ly pssup (4) Reconclaion ofthe shes oustanding a the beginning and a the end ofthe reportog period ip vera teeceeee Tian 3 16 Ne of shares No.of sures TaFERe TRAE ne Jesued daring the year ESOP (fer ete 3) m6 Fesued ding the yar Conversion of preference shares into uty Shaves (CCS eves A) Senin - usued ding he year - Conversion of yeterene shes into 7 a cguty shares (CPS Series fdsea vas Issued ding he year- conversion of reference Share isto uy sas (CPS Seis) suit oe ; Impact of eonsltion of hares - 939.00 Delstaning a teen fhe yea TRH wai 178.256 ae CoPS (Sere A) ‘ech, 3007 March 3, 3006 Nocofshares Amount Noof shares nou “Fite binning afin ear T3530 oa pea oF {Conversion into ety shaves 1932300 96 7 3 Inact consolidation of shies peace Outstanding a th ard of he ene 368 “The numberof equity share sun on conversion ofthe CCPS were asi for the mpc of the onus bd ecu an rout of Rs.7.43 tilion was jest sexes pena ais th aditinal 487,871 equity shares sued aginst such CCPS.atsimony.on Lite (CIN: UOSOOUTRANOHPLCOETASZ) Formerly know 2” Aateianons.com Private Lined") les Gancit statements tar the yearend MareW 31,2017 {Ali cmovnts rein INR lion. wes oerwise sted) 3 Share apie comtawes) COPS Sete 8) Naren Monch, 2010 Noofshares Amount No.of shares Amount ‘Aubebeainiig ofthe year Taw sz Tie a) Conversion ita egy shes raa9 87 710 7 Impact ofeonstitation f sires : os. Outstanding at dee fe ear “The numb of ely shares sued on conversion of tie CRS were adjusted for he impact othe bons and acon, an amount of RS 47 tli wes edited eens presu sis the dine! 1.09,828 ety shares usin against such COPS, Cops series) (veh 20H Neefsbares ‘ithe bapinnng che Far : “aa ‘Conversion no equ shares input of coreldatio shares 19.916) : sanding athe ed ofthe yar 2 zl 35487 ai The nomaor of equity share ised on conversion of the CCPS vere aus forthe impact of the bars and accordingly, an aout of RSO.99 rile yas aut To scr prom neni the nal 195282 equity shares sued einst sch CCPS, (2) Tevasrights attached to equiy shares "The Company ls only one cls feu shes having pr vale of Re Spr share, Each Bade of equity sheres is ened oon vote per she ‘Allies ares have he same ight and peterence vt respect payment of divide, payment of ania and vane In the even of lguiation of he company, he hore equity shares wil bed to ecive emsining ase ofthe eapany, ae ditbtion ‘fal pcerntl amounts. The dseution wil boa proper othe canbe equ Share ol by the harbors. (6) Teras of conversion of COPS “The preference shares wil be caver into equal mamber of ex shares, subject to at ition rights underclass $5 ofthe Shred agent aft thee of twenty yeu font dt of teste or before Ini Puc Oe ofthe Carypany in i, an he opin ests with he hoter Inthe event of lian of he Corspasy bles conversion of CCPS, te Hades of CCPS wl sve paewity over equity shares in the repay of capital. These preference shaes have been fully convened ca August 10,2016 and there are oistaning Compuleoly Conrtibe Preferenoe Shae pos conversion ‘Conseqent othe grat of ons sre to ety share ler ring the ye endad Mach 31, 2015, te conversion ai for ch CCES tas ben revised accrtance wth he fers ofthe undying agrees stn 1-77 rest equ sss for every prefer share hel in the Company (© Deals of sharcholers holing more th Banity shares of B.-cach fal pid Stosharesin the Company ‘eat Macchi 3077 ‘Raat Maveh 31,2016 Name ofsbarebulder Taotataes het Nactsbares BOW The MarogavelJanaramant nanan Sse WB6BIT 189% cube it some — BIT ‘ai soe 20% ‘Mayfield XI, Maurits 2534248 153% Toso 5.19% esserer Inds Cop Holdings IT Lad Ai.006 6.8% 46,006 989% “Consevent othe consolidation of shares mentions above, 12 ey stares rpreseing actions of ss than one equity sare RS. Seach have boon tafe to Ki Muruga Tankian, Prosole aod Managing Directr, who wll ac 8 ins for an! on behalf of sich equity ‘harold oldngfnetonl snes, CPS Sere A) af Beach fly oats empatt 1932300 ane of shareholder No ofshareeMateimoey rect (ae Nate ofnene ees (CEN: BSONNTNIEBLPL-COETADA) iy koe" Afueimony com Private Lien”) totesents for be year ended Maxch 32017 (xno ae INR non, wes eerie sted 4 © © « © ave capital (cotioed) COPS Series of Baca filly poid eat March 3H 046 "boli nthe ‘Name of shareholder Aetdion Ne at shares itt faeces ees class Mayle Xt, Mourites sre 61.33% cca IL SII 386m COPS (Series of Bs. enc ly paid FaniNirenar ae Nae of shareholder a elog ie e cee Noefstares — BeWling Mayes, Mauss q : ase 000% cnet : 836 500% ‘As pe records of bie Compny, inciting register of starshalers / members and ker declarations ceeivel om sharcholers reganing enti tet xcept where speed, he aoe sedi repeszts bth ep and beet oumesships af snes, Aggregate numer of boos shares issue, shoves issued fr consideration her thaw cash aud shares bought bock ring the period of Give years immediatly preceding the report aaa Marcha i ais "equ staer alloted ily paid Bou shares by ialation of scomities emi, (By has . sus ‘fei? exe (ter vet) ‘Sbasquenty eomsoia in equi shares of Rs. Sineaeh (fe ote), uty share alloted fly pai bom tees by apaalistion of aries pein. (Egy shaves 1085, 7 ‘i fof Rs eae) (fer ote Gi) bosque onsite nto pity shoes ft, Si- each eer note above) : 639 {On Fnusry 67, 2012, te Company lsved bons shares to he existing sate elders, i tbe aio of 7:1. The Seuss premium account was lied to the extent of Bs 8.42 milion forth sue of sud bonus shares, (i) On Jenny 23,2012, the Avdrised Equity Share Cail ofthe Company srountng ts 14.00 milion was consid into 40 milion ‘spy shares offs 3 (Rapess Three Onl) each ad 7 alin prefetence shares of Rs cal (ii) On Decernber 31, 2014, he Comp seed bands shies f the exiting shar aller, in the rato of 18100, The Securities premium account ‘wes utised to the exec of Rs 747 mln for the sabe of sd ets shares. On Yaniey 27, 2015, the Cmpany sud Bonus shares 1 the citing sire older, the ratio of £2. The Seurtis premio acount is lsd He exe of Rs 24.48 milion or these of sid bonus shies iv) On Aust 10, 2016, the Company conve 6385672 eompulsly convent seterence shares into equity shares in he rato of 11.77 and securities premium was dt the extent of Fs 13.89 alin forthe coaversca ‘Shares reserved for fee ender options (For deals of shares reserved for issue under the cnplaye stock option plan ofthe sompany, plese refer ot 3. (i) For deals of shares resrved for iste on conversion of CCPS / OCHS, please eer note 3) rearing tems of conversion redemption of preference shares ‘During the yar ended March 31,2017, the Canspany bas no issued shure fo eonseration ther than cash ‘On Aves! 10, 2016, the Annual General Metiny hel, dhe Sharcholes have approved the allot of equity shares pursuant to conversion of 2,609,106 & 998618 Compulsory Convertible Preference Shaes of Rs. 5) each eld by CMDB Ml & Mayfield 0, Mauritius respectively, The ‘conversion rato approved ty the Sharcolde is 1771, Accordingly, 468,118 & 1,767,554 aew equity shares of Rs, Sl ac have bes ised ‘and alloted fo CMDB & Mayfield, Marts cepetvely ne fly pd up Thae ate no oustanding Compatary Convene Preference Sheres post conversion-Mtsimony.cans Lnlted (C3N: U53090TN2001PLCDST32) (Coencerly known ae" Masi ony.com Private Liatved") Rote fo Gnancla sfaeatent forthe year ened Mareb 31,2017 {Ail emouns are in INR nillion, wiles othervte saved) 4 Reserves aust neplns Securities prention account Balance as poe the st Francie slatements {As addins au ESOP exercised Les: lived for bons shares issued on convession of preferonce shares (Refer nots below) Closing balance Dee! i the statement of profit and fos Balance as per ax inca statements Prost! (Lass) othe year [Net deft in the satement of profit and los Maret 3,20 aear 2st 21st 761 a‘ 11389) 7 aeeeeELeES TSS ais (5857) cast) 2531 231.03) 713329 (958.57) Total reserves and surplus B03) GG + On August 10,2016, the Company converted 6,365,672 compulsorily convertible prefrence shares into equity shares the rato of 1,77 and curls premium: was tlised othe eseatof Rs, 13,89 lion for ke eonvesion. 5 Long-term borrowings Vehicle toan secured) 136 “Total long-term borvonings 136 “Th loan i sseured by hypotnccation of vehicle and is repayable in 36 eqused monthly installments starting ftom September 5, 2014 with an interest oF 1.01% 92 5 Other longterm bebiities Defined een a» 102 Sty depts Gla blo) 000 oat oer fogome ies = ae a7 ‘Note Te anour ofseuty degen, 2016 HR 15 7 Provtions 2A Langer evn fr employee Doutie Provision fray (efi nle 31) 1951 wie etalon Fr oe = ro Toit 12 Shertterm eovson for employe beefs "ovine tay Ger at 1) ypai 02 “prov reve Benes 183s ox Other proviso Pron fr iptons tran lon) 1938 ne oll hot em provisos = oe 3:0 Bi6 Total Provisions, Te wamony cons Line (CIN: UEROIOTRRAILPLCDATA32) (Poverty knoe ns Miatvinaay.com Private Liwted™) is fo fisanciat atateeuts For the yen ended Mach 31,2017 (Ait amonns are in INR milo, wales oterwite stated) aeat Bear March 31,2017 Maren Peovlion fo “The movement of grvision for ligation dvig the period i given below: ‘Opening baisnce oe foe 762 Tet Aadions 176 Usliton/peymen Closing balance ne Bae i (0) Servic te The Cosapany bas mde provision of RS 133 milion for eran disputed bites resting to service tax. () EPP: During the yene ended Nemch 31.2015, the company recsived a demand order ftom Regional Commission of Provident Fund, on sccount of noo-inlision of varios allowances fr he caleuation of PF contribution fc the period Apei 2012 to May 2014. The company has obtained a stay order fom the Honourable High Court of Madras, The Commpay has also sppeald against the ordee wih PF Appellate Tribunal ‘Since vacius hgh cout hae rendered different judgments which ae in confit 1 etch oer andthe materi ow pending wih he Honourable Supreme Court, 48 2 mtr of dence the Company has provided for the denond oF Rs. 16.29 malin and ther related Habits of Rs 1.76 wilon 8 Short-term borrowings Bank overeat ecured)® 48536 481.95 “Forel shorcterm barvowiags 8% 133, As of March 31, 2017, the Ovectatfeilty is manained with HDFC Bank which caries an interest rate of 9.00 % pa and is repayable on ema. The sid facili is seared by bypothecation fal cureat asses of the Company’ as «pis Secu. In addon to it asa collateral secu, Ged deposits of Rs, 500 milion along wih he spplicae accrued interes othe said fed deposits have bea en make in favou of te Hank slong withthe persona guarantee ofthe promote and managing decor ofthe Costpany. 9 Teale payables and other enrent Hab 94. Tone payables (fer note 26 for detsits of dues to lero sud small enterprises) “Teade payables 119.98 24538 Duce te employes 4070 4332 esto lated partes fer note 32) Toe oad 9.2 Other curveat i Deferred revenue so430) ana Cuerear mavvites offong tex debts eter note 5) 136 349 Avance fom eustomess 87 1.07 Withholding and other taxes payable 1892 26.78 ayablesto roated pate refer note 32) 7 2493 Payables fr eaptal pacchases ae 1391 5038 6.86 39817 “Total trade payables and oiher current liabiliies 707.50, 89401Cr aT = a ar pam ae cre —— scr aria he ——prs reat sare Pon a ee i rr TERT + - erse) = = ero) eo ese) Tsboe ‘spaodsig| ps so feces osce esx, Swear por ecot ove neers) ease 1a (Eee [pease ee Lae a oer TOT BRT 8 : = aes faa arn fo aay acer oye feos ess ve her oor se mig a0 prse ore oor ftswsr = fceS is ae tte pone Ea arg tet ene EU I | pet — laser ee —— pre Jerr ia i —— ews —— TEE > z : ' or = eco ——feen —— Jove Tat hes jus : - ass oo art es cour S00 parr — es —— rer pe aa or ira RET : : : : : : =o se — far Jones a iow fees 1 beso ; sexo ez five beze seer pout lites oe ees pea fees rss free sts isten 102-1 wy ear + waa } ruowedoqasap uaumpey |auswacodwy| sanng | suowdmabs | sj vmaws |ing|wmaarann | mn] mea | “Soom [isan mcconang ao ” | Monty a k A ‘cee ‘sosse ojqiueruy puv yusuadinbs pus wer ‘Gusdosit OF Groen sya sq ‘won a 200 sou 2 or ‘re sone papas sea ayy soy squauayes pep uEUy 0) S910N (oper area wor cou waowy Ayounsog) (ceyLeao TALooeNnGoEaN NID) Poway woo 4oanste yy‘ea teecony.comn Lites (Ci as YososuENDeoFFL.CoeED) erly kaon a6 Natinseny-com Private Limited") Fates to financit staentems far the yeu ended March 31,2017 {Aifomouniy are in INR win, anless otherwise seed) 2 pt “Asal __Maseh 3.2007 Mareh 31,2016 [Now-curreat investments ‘Trade Investments (valued af cue unless stated olkervise) lavesmens in eositires-Lnqnoved equity iasiummeuss ‘Community Matrnony Private Listed 010 010 99,999 OMareh 31,2016 99,999) equity shares of Re | each lly pad up Sys gia Privat Limes og 010 + 99:00 (Mauch 31,2016 99,900) equity saves of Re. I each fly paid up Coasin Info USA Ine, USA os 00s 1,000 (arch 31,2016 - 1,000) equity shaves oT USD 1 each flly paid wp Matchify Services Private Led (formerly know as Mati ia Private Ld) é 44,124,500 (arch 31, 2016 3,844,500) equity snes oF Rs 10 each fly paid up {At ou les provision fr other tha texiprary diminition Rs 41.25 million (arch 31,2016: 3845 milion) “Tambulya Online Markeplace Private id : = 3,050,000 (March 31, 2016 ~ 2,800,000) equity shares oF Rs 10 cach fly paid up (eos less provision fr oter than temporary dition Rs, 30.50 milli (March 31, 2016 28.00 milion) ‘Tota uyestnents 03s as ‘Ragetate econ oT unqunted iavesinens el of provision) 025 038 _Aggsegste provision for diminution in abe of rvesinens m5, 66.85, As at Marc 31, 2016, management! decided to pase ot Uae operations of is subsidiaries Mls Tanbuiya Online Morkeiplace Private Limited and Mis Malhify Services Private Limited to cure the loses incured by tese businesses in the fire. This decison was approved by dae ‘Company's boar of directors in their mesting ded July 21,2016, in viw ofthe abone, the Company bad provide for the dination inva of such invesbnents of Rs. 66.45 milton a8 on March 31, 2016 aad 71.25 mailion as on March 31, 2017. Further, management hed decided 10 Aiscontine the opetaious of another subsidy Company Mis Cornmunity Marinony Private Limited andthe same was approved by the board of decor inthe above mentioned meeting, Lonns and advances (insecure consilered good unless stated others) Long:evin teas snd advances Security depos ‘Considered good see 99.50 a2 99.50 sa Less; Peovision for doubt deposits : wa ae Advance income-tax (net of provision fo taxation) 3194 sr ‘MAT Credit Entement 18.00 7 Capita advances 166 182 Prepaid expenses 5.08 037 [Balance wit stetutory/ Government anhorities +738 735 “orator saan Tas aiMccoy. Ente (CIN: 0630907 N2001P1.C047432) (Wociserty knows as Matrieey-com Private aed) [Nates ta financial sateneats for the yearended March 34,2017 {Aifcmnouas ae in BYR ion undesovervise stated) Tear as —_—_ = ne March 31,2017 ____ Marsh 34,2036 52.2 Shorieterm fonasand advances Security deposits Considered good 3188 6846 Considered doubt 180 __ 1.80 Thee Wo26 Les: Provision for doubatu dsposis 1.80 1.80 ines GAG owns and advences to rlaed parties (er 000 32) 640 589 Prepaid expenses ns? 981 ‘Loans to employees Considered good 29 337 Considered doubt oat 3B Less: Provision fer doubtfl advance 0 2 stances with setory/Goveeraentaiorites Le 1196 Advanees for supply and services 998 47 “Total short-teoe loans and advances wae 0s ‘Taattenn andar a a £3 Gurrentinesnents ‘rode lavesiments (ad aos lest std others) avian hd Uae gunmen Brat Motineny LLC, Dab on Ep Merch 31,206 4 ei sas oF AED 100 cc ay aw a “pgriebook es Tagine reins z ome “On September 8 2015, the shareholders of Barstateimay LLC, Dubai ele Extrovdinary Geverat Meeting decided to disolve an iuidate hersiMitsimony LLC, Dube. Accordingly the tade lence cancellation with Govenment of Dubai as been applied and the same hs ben ‘obtained on April 25,2016. Aso refer note 28‘Metviriaysoom Lined (CIN: U63090TN200PLCOL7432) (ermerty known as" Mateiswonyscom Private Linea”) Rot oficial statment or the yar ended Nach 31,2017 fomaunts are IR alos, unless otherwise sored) sa 42 1s asa Rew March 31,2017 ___ Mareh 31,2036 “Trade seeelvables ond her emerent asset ‘Trade veselvabes (unsecured) Outstanding Pro peviod excevdng six moat Com the date they ae de for payee Considered doubt ese; Provision for doubt fl debis Other receivables vee pod rm ned parts eee 32) 039 a9 ones a her sires doutt tom aber si sn 36. a Less: Povsion dx de 373 at “Total current trade receivable eee 500 58.06, the creat amet (rsecurel cone god uns atthe) teat aed pass mat 118 ‘areca Goma pies es 0932) 3a set Shar be oes 2) vss “Funloiiercuneatanet iz TST ines ‘The Conipany had filed Draft Red Herring Prospecios @DRHP) on Aust 18, 2015, The Board at its meeting held oa November 30, 2016 dvided to defer the Innuch of IPO due te marke condtens.Subsequcily tse Booed in if meeting on Apei 21,2017 has decided to proceed withthe IPO sivity ad fle the DRAP during Gist quarter of 2017-12. Coaseqnem to the decision, ds IPO related expenses incorted inthe erin petod were reviewed. A sam of Rs, 46.07 millon isnot eile fo be appropriated egnns scunties premium account as prescribed under section 52 ofthe ‘Companies Act 2013, and has been expensed a exceptional iam, The sane expen onthe copeunmation of the IPO sil be shared between the Company and he asling shareholders un & pro-rata basis sm proportion ofthe equity chars issued al alloted by the Company by vay of fresh Faeue au the equity shetes sold bythe selling share holders in tbe ofr fr sale (Cash an bank Balances with banks on curren accounts 202 11.09 Deposits with orignal maturity of tes than thee months* 240.00 161,00 ‘Cheques on hand 448, 42 Cash on nd 4.00 564 me 265.0 Tas Other bank balances = Deposits with origina maturity for more tha 12 ments? 007 = Deposits with origiaal marury of mote than 3 moa but es han 12 months * 28121 28128 “Total cash and bank balances 35008, Su “There bank balance: ae held az vecuAy ogo shor ean borOwingsMatrimony. Limite (CAN: ibeSOTN2HOIPI.CO7482) (Former nawe 2” Mawrinveny.com Private Lied") Notes to insuetatstatetents fo the year ented Ataveh 31,2017 (Alancunts are INR milion mess erase sated Veareisd——~Vearendst Mareh31,2017___Maven 31,2046 6 eves from operations Inne fom eer aovnse dann Bass Lense lr st 2) rr 1100 Tester te oma) 26135 secaaeaeinae Ea ia 5S Toone on see compat Machaahing nies asin neato Ming sri 11990 v0s07 2.67467. ase 17 otberincome Lilies ro lene eid write bak on Sea sing eens ero 3) oa ‘as ‘eve consson nce feat) i 198 ‘cance nce oat an ai i 15 ployee bene expense Sales, wags ones aioe ‘0700 Contain prviet anos om ns ratty expense fer nt) us 231 Salt eli sn soar 108 Teron dining 78 ua See eae 4,223.56, 19. Advervisement and busines promotion expenses Adversenat ma 48022 Ths promotion exes 182 2 sass asMatrimony.co lied (CIN USTODOTADEBIE.CHE5852) (Povmerl lowe ax” Meitey.core Private Limited") Notes to Rnanca taterent forthe yen coded Mave 31, 2017 {Ait omcentsaresINRoniion antes ohervive sere Year ended ‘Year ended i _ . Bae Mareh34,2017 Mare 31,2016 20 Ober expenses ‘Web hosting cones 6st 1986 Bleticity ans ma Rent snd amenities rs 18068 Rates nd tes 34 Insurance 158 Repti and winerance less 5209 ‘raving and eoveyan08 029 Communication co's poe Pristing ond eionery 33 Lega aa prosesina es ars Direc siting ees a0 Exchange diferences (ef) rovsn fords de ad advaess on Litton expense (eferote 12) Lesson sl wit af ope, Phat nd 38 Coleen stress was Outsourced photogs chases 28 Macclaosur eet “a7 waa {Payment toantor (lacked under gs ad profesnna es) ‘Acaudion ‘tee 210 20 ined view oo Texan fee ua 10 ones 455 Tad Tas Less: prope nde "he me oxpenses etre 142) 620) rs SACS eee 21, Depreclton and artim expense Deprecon of ng ets a0 pos Anarizaton of inane assets 3295 mascwsimony.com Lieuted (CIN: UssOSUTNZHOLPLCRETE32) (Wocmerly kos ae" Mitrienny cons rivet Limited") [Notes to fnansilstateinens fr the yearend Neat 34, 2007 Att encnnts ar in INR man, ants oserte sited) “Yeweaed —— Yearended Moreh 31,2017 __stareh 31,2016, 22 Piasnce cout Interest, no maak Bank charges 056 a 2 i Er a in aie Be 28 Finyaoe neame Interest income roms Bank deposis 6130) ais3) Goaranes Fee (eter nate 32) (169) ous) “Ines company advan sl oes (018) oan si ae aay a 2A Exception items Proviso fo diminaon in th val of Laveen fe ot) 530 664s Profit on guido o ssid (rete ne (i) (750) 7 egal nes icaed on ttn (ete not) 206.69 10 related expenses charged off (ete noe (i) 4607 . a Taw ‘Not 4) At a! Maeh 31,2016, monagement kad ken sion fa phase out th pertlons of it subsidiaries is Tambulyt Onlin Marketplace Private Lie and Mis Mati Serves Prvt Ltd o curtail dhe loses incre y these business in the ir. This esion ws apynoved bythe Company's bod of diets in ie resting dated uly 21,2016. la view of the above, ce Company hs povided fr the ESUEAL 9 pseuu0s)seunsopap Axed parsex 7 (ei esp0 887.8 HD z8py ppm 1098940304 (cepurocrtatooecLosoesn ‘NIO)PSyHT woo" sou220) 50g es we Uo poumEIDS om Keg ‘syns Aus09 aut pus Ayes 4g apres suossout ay; spear you sop fomuneod justenes Ay ogo} WORE! 2H « T - oy ‘pune : oes “anuesasqnsee > : . est : : senouRe SN 060 960 : : : - Tne ae - . » pees : - eouereuny pAEBRUNYS = seauesiog wourseueyy £99 Jo2aye(4 ‘9 jouuosiog yesuaBeueyy hoy 0} uopessunay, - ogee ost pour ain 2 LEA MIKO AGNI - 099 087 PAT 2yNN OHS ANNO = -asypisqas wy yuounsoauy od Ta 3108 Te ‘iar Toe ore Tr sens seupiew IgM Jeu “ewray ewe ewe Teste Papa Tea ore somnagea so wy sone 7 HO peuosieg wouaeuey 4 poouenyuy ueagnsis ingjoenpemy —_ fuwasieg yauateusyy Kony 20 pou sesadson ssweppsans (gseunios) sasnsopsp Ged parse ze (ove seco oq ona yNT 209 ROH TF)pasurTamog aug odo pay ~ we we sasneyu3uan> 2410 - 7 : ore seus yu sag = spigesrrss pra, - 7 _ soe 7 ‘yin “our vse a] wis885 ~ sogmigen 4in9 s94I : oz - oon sya Saou emast0 = - - ere - road" TT oomey\1IeU- soqgeced ape, ove : avery omaeg SOR NY ATE EGE, - ore : Pry wg IAS A os or anu sae mel NAS sroaeape puU sU20] Te 30 cor cd Tor one Tor heuie Hew MY FEO TEEN Tew “Tem emo wesy, wesy ses wey ey. wey. wesy. soma saya ISS pouossng sermbuasty ‘Gyo fans ouwoesng yuouazoueyy yy suenans ‘sepaed paves gs SOUTER > (qsnujnos) somsopsp Aued pam Ze‘tstelmany.corn Listed (CM: UESOBOTN2O0IPLOW7432) (Cosmecty kaw as" Mavesisany.com Prvate Liuited”) utes te Goancil etaentens fr he year ened Maveh 31,2007 {Alomounis ares: LAR lion, wnlessonherwive sowed) 53 Eenployeestek cation pans Employee Stock Option Seheme ‘Gn October 13,2010, the Board of Ditetors approved the Employee Stock Option Scheme for providing stock options to ts employers C°BSOS. 2010"). The sae scheme has been subsequently ansended and renamed as Employee Stok Option Scheme 2014 ESOS 2014 Scheme") vile evolution passed in the Boar Meeting dated April 7, 2014, The Scheme has sso heen approved by Exte-Ordinary General Meeting ofthe Tnembers of the Company held on Novennber 19, 2010 aad April 11, 2014, noting the approval accorded 49 the original Scheme and the Ebuequentsinendneats respectively, The Sshome i adiiisterd bythe Nomination an Reinascztion Commitee oC the Boa, The details of Scheme ae given below Rrereise Period: ‘As porte Scheme, de options can be exerosed with ina period oFS years Hom the dae of vesting, tc of Grant | ember aTORTOR Vang pera Manner of vest = Dateet ee [vesting eid Manner of vesting gible ca a adel man over Fur yer a 2 [sens period wih 30% of the grant vesting el Lisaprz0r4 tn 4. [end of 12-30 montis fom the de of gan. Th rns. 4.5.8.6 Heap 3 ee eOIe [eainng 20% an 40% of the grans vest the en Jor 24-42 months fo the date of pant a0d 36-54 none fm he dato gan respectively E [iigibie on a graded manner over four years period] wih 20% of he pane vesting athe end of 18-24 25 Sag.20141001 fonts ffm the date of grant. The easing 30%| mare area 26531 Oct-2018 land 40% of the grants vest at the end of 30-36] Jeoshs fom he dst of ant and 42-8 mots fo hc dt of rant espe oe rile an graded ane OT Year pei ira rns 0.00 | "78201510 01- It 25% of he pens vesting ath nd oF 1 a |imonths starting from Ociober 1, 2015, = ; ibe on a graded weve ovr fou years peal Lica 10 50 [098161001 is 25% a he ans ves a ed ove a |moaths starting from April 1, 2017. Flite on a graded manner bir Tour yeas Fee iz o1-Juh2017 19 O1-hH cee oo sean ted lara 11 sosusis 2,00 [OTS 2047 9 Ol 25% of he guns eng ate ed xy 2 fonts ing om Joy 1.2017, Activity inthe options outstanding wader ESOS 201 ‘ize ansber of oplionswanied wore subsoquelly adjusted for bonis las and consolidation of shares, wherever epplicabie Paviietars Year ended Year ented Maret 31,2017 Mareh 31,2016 [Gatanding athe boxing ofthe year ie Baise Tas | Options lapsed during the year Gii95) (Cnton granted durin te year 2,000 [Consolidation of shes - Gosasn| [Gprions exercised daring the year TH665 5 [Ousstanding atthe ead ofthe year 31SA26 aaa [Bxerisable athe end of the year 152,701 104,072 “The weighed average are price ae date of exerake of he options was Rs 1030 Fase value Rs, 57 per sare).‘Matvimny’cour Lnited (CIN: U53090TN?001PL.CO7853) (Formery krone etrimony.com Private Limited") ote t financial sistements fr the year ended March 31,2017 (ll ancunis ore INR milion, sea ohersse sored) 2 Bptoyee steel option plans (continurd) Details of Bxervse price and Rewataiog contenetoat lie of options outstanding: ravens Year de Your ended Marsh 31,2017 | Maren, 2016 [Eves pe persia RS Sere TS i0 ve SOG] TOR w 00 maining contasuel ile of opina Gn year) 50410525 tw 60 "Aad or boos ses wd he consolation af ve cS Wo yur Caded Meh 31,2017 Fair Value Methodology: “The Conpany ha obtained fir valuston prt onan independent vale andthe fir vlu is aus using he Bleck Scholes mode [Faves : eg ; Year ade Year ended March 3h2017 | Maren 31,2016 ics ce porta RS) : Too | Hw HT Wished average ur sive par ae (RE) 350.00 | 210.00 35000 [ahd average ar valve of options erencd 25 4 2.810942 fExpecied vlity Tos Tore 35574 [feof he opons gene [Vesing td Exerc pio yeas) S310 650 Ves | 360. 671 Yes [Aversge risk fie intrest ate “janeww7 se) 7.65% 10 6.06%) Fxpesed Dividend Yield | | [Exercise pice per option, welghied average Tir valle OF plans aued and welded average fir valus por shave disloned shove ae ajuned foe bonus sues and the consolidation of shares eet il dhe yer ended March 31,2016, “The Company flo he tatrini valve model fo valution of is options uader various plans, Cost ob asounted as per dis model is Rs. Ni In accoraance with azn 48 ofthe Guidance note on asconatng fer ema share bases payments issue by lsiue of Chartered Accountants ff India, bad the compensation cost for employe stock option plas been tecopnzed based one fir value a the date of grant in eecordance With Black Sefoles mode, the pro ora aniounts of he Company's net prot and eamings pe share would have bee a fellows Particulars Year ened Maveh 31,2017 Year ened March 31,2016 Prac? (has) after x As repented 253 Bsi0y Pre forma ~ 22.76) (245.03) [Earning er shave Te Rs za Basie ie |= As reported 1.90, sai} Pro fora na 165) Ditwed = As repel Toxo ase} Pe forma 1038 648 Daring the previous year, the Nomination & Remuneration commits has approved the rent of 89,600 stock options to qualifying employees on July 17,2015 at an exercise price of Rs, 210/- per open, The revised mamber of options oustanding andthe revised exercise price (as adjusted {orth effet of consolidation of shares detied below) i 4,000 ond Rs, 350- per option. ‘The revised numberof options oustanding and the revised exercise price (as adjusted for the efit of consolidation of shares (fefer nate 3)) as a ‘Mach 31,2016 snd March 31, 2017 ae 436,284 and 315,426 respectively at 10- pe optionarias Lined (Ne UsMTISOHPLCETE (Gece lore n” Nein Peat Lite) {isco ct sateen or yor nde Mane 32687 {tomate ion voor 2) rary Sgn aration bee uns ‘The Compr bse anes hve Ren die oe Machin sisal Mnioge sves a aed le of profioe isc segment yO spn) [aSepat Roa aaa i fate — Ning a ay Migs eves aed SRST TS ol a si Ta Renee z is) oem aaeaegoEo Srarserereecor : mate brace sag ae Higa es Ea Mirage wd ive Tee pe ai aa [vertiees aod snc prootin expen anal sees mal Raa sr nd ie of ae sia (ieee aa = Hie noe 7 mal Sia rogers nee ae OTROS maz "ai [pss ad stanton ese z [igs evi TSN SRST 3] aa [eee ee ae el lc pmo rs 2 Paleo cs} Ning ei NE Taal ens esr an ea peta Tay Tie] [ni pais it af ates) z a [em eens maa a8} ma] rt lre xxpel ie a : 2a ‘ai pain ome Za Tan rt ae bt ig asa 5103) ncn es es : rot teen Bye nal awl Fane Year ied Yara strchn2017_| er st ae Reng 9 a | Mirage eres nee nt I nal 2a (orc neg 73 oi lore 4 i [Feat At Tain Tai] Rage waa om) riage nd cee oi 303 sta Cases Saal is. [rer oat FEE Tass‘a. Ln (CIN: UPON DADIPLE DEAS) (ananty Enon Marines Poa ed Nate te aan aan ar eyes eed Neh 32017 re ated) AE Sapment eating coming) ECan tai en Wrasse a pa i Sepetin Reena ——— Nena snes nd aT Epa Til [Fea Deyrn mae [Neh ene athe hve Baron Tanoraton [Fata ei ics othr ne Depa [Pincha esis = 53 tte ess Sseey agent innmato (by Getic epee “er asa 206 {seecarmeeas ~ Orde a Esoreeacce mr [Papa ena Pereaeece sea ae —| ae a | z a9 ua 1) Scone Ketone, epee Read, Smet Ase rd Seren Liss ind te especie cents eile ch kewego en nea alae ons eon a, Yve wach teeter onsen bss ve Xen deere’saat mnyceons Einited (CU; U43000TN200)PL.COAT32) (Warnierly Kyou a5" Wierimonyscom Private Liited") Notes to fnauefol stersents Fr the year ended Nlareh 31,2017 ileanowts ave In INR oon nnless otherwise stated) 5 36 Deferred taxes Asat ‘Asat Licaieaie March 31,2017 Maveh 31,2016 Deferred tax ibility Lipact of aitfrencebexween tax depreciation and depeietion J rot oa moctsotion charged fo te favaneal reporting Gross deterred tax Habiley ce 7a oe Deferred tax aset Iipaet of expenditure charge to Ue stteanent of prot and Joss but 31.79 2nor allowed or ox purposes on payment basis Provision for diminution in the value oFiavestments 2483 23.00 Provision for doubtful bts and advances 298 24 Provision for deposits oe 0m absorbed depreciation caried foward 4359 56.65 Busines losses eerie forward 21.98 219, Gross deferred tay aset 7 “ase SD Defer tn asst vesteicted 10 161 ___ 1022 [Nol deferred ix asset! deferred (ax hability 7 Note: 1) The Company received assessment orders fom the Assessing Office of Income tax far verZous assessment years in relation 0 the isatlowance of reimbursement of webhosting ehtrges and marketing expenses incurred by wholly owned subsidiaries ofthe Company on CCompaay's behalf aggregating 1o Rs. 103.20 milion, due t» gon-dedaction of wihbolding tees on the same, The Company received favowable orders fiom Income Tax Appellate Tribunal (ITAT) for Assessment year 2008-09 and Assessment year 2009-10, against which Revere has fled appeals with High Churn telation te the atkesastessment yrs, the mater is pesdng wilh CIT (Appeals). Based onthe egal advice veveived fia the vorsulats, che manggrnen elieves thatthe ultimate oxteane ofthis proceeding would be favourable “The Company is contesting te demands in elation to ether mutes aised by the ecpective tx authorities aggregating to Rs 0.13 million, ‘and dhe management cluding its tax ast, believes that its postion wl likely be upheld in the appellate process and ulimate outcome fof these proceedings will not have a material adverse eect onthe Company's financial position a results of operations, 2) ln the sbsonee of vstatceiinty supported by eaavincing evidence, deferred rx ase arising on azcount ofthe cari forward business Tosses (including uoabsorted depreciation) and eer disallowances has been restrced to the extent of the defzred fax ibility International Taxation ‘The Compacy tas international transactions with telated partes. For the year ented March 31, 2016, the Company had obtained the ‘Accountan?s Report fom a Chartered Accountant as requiced by the seevant provisions of the Incomestax Act, 1961. The Company has 2 ‘oly of msinsining documents peseibed by the Encome-tax Act, 1961 to prove chat these intmationl transactions axe ot arms Yength fo believes tha the aforesaid legislation wil at have any impact on the finial statements, particularly on the amount of tax expense and ‘hat of provision for taxation fr year ended March 31,2017stvimony.cone Ejtaled (CIN: 63090 TN2001PLCOM432) (Porrserty known a2” MSnitsony:eom Private Limited") ‘Notes inanelastatesnente for the yenr ded Maveh 31, 2017 (Allamourt are i INR milion, unless overwise sated) 17 Comatecoat, us and Contingent Liabiiies 45) Comunicments Capital commicoents: ‘The detaits of capital coramients a atthe balance sheet date are ws Below: Pravticctars Teal ara oe | meet st,2017 | _ataret 34,2016 pico 35.0 | B) Guarantees [Paris sat i sat = March 34,2017 | March 34,2016 [Soporte antes on Ua Mavehiy Sevics Pre Led (Rete vate) T cow) Corpor artes —on betaFoT Comin in USA Ine Retr note Now| Baa] wea Note {The Compaty hs provided corporate guarantee to Matchify Serves Privte Limited (a wholly ove subsidiary) in wespect of financial obligation upto Rs. 0.25 milion {iy Ina Lawes fled in May 2011 in the Superior Cont of New Jersey, Mercer County, Law Division, USA by certain plaints, against he Company's US subsidiary Consim Tafa USA Ine. USA, Conse US") Infonaus Ins, USA C‘nfonsuts US”) Promoter owed entity) and subsequently in 2012, MurugavelIanakioman ("Promote") and the Coxpany were msde co-tfeadants. The Company along with the other Gefendanis entered into # binding SeWleaent Agreement Agreement”) with the plain on December 30, 2015 to setle the shovementioned litigation. As pr the tents ofthis Agreement, Consin US is to pay the plaints, a sum of eight milion dollars (USD $8,000,000} ¢°Selement Amount” i fll getlement of the plait’ cloims against the defendants. The stent amount is wo be paid in 2? instalments (Seteaent Payment”) sud 3 suppared by an revocable corporate guarantee fom the Company. Upon exseution of the Agsesment, Ceasim US execited a confession of judgment on December 30, 2015 in favour ofthe plainifts(*Confesson of Judgement) “The Confession of hudgemealteknowhedges a debt owed by Consim US to the plains coresponding to dhe Setiement Amount, and may beenferoe by the plaints i#Consim US doesnot make any ofthe Selemeat Payments, 1 Consion US fas to enake any ofthe remaining Seilement Payment in tems ofthe Agreement, the US Plans may invoke the export uacanice requiring the Company to make the relevant Setement Payment within 1S days, I'dheSefement Payment fished by the Coengay witha 15 days, (a he remaining Setierent Amount wil be due nmediately with interest a the rate ofthe 8.75% over the Piast ‘Rate being the rate eared by US banks a reported by she Wall Seat Journal's bank survey), an due unpaid amount and (b the Pails ‘will be entitled to fle and enterce the Confession of Judgement ‘The Company obleined the regulatory poval froma the Reterve Bark of tain for the provision fox such corporste guarantee and bas ‘execnted 1 Deed of usvantee vis the pintitf and Consim US, guaranteeing the payment of the Setlement Amount by Consim US. CConsim US has commence the payments under the Serlement Agreement andthe fist payment of one milion dollars (USDS 1,000,000) twas made on March 28, 2016 Alter the payment offs instalment ofthe settlement, dt partes filed fr and obtained the dismissal ofthe Ttigation in New Jersey aud in Ind, The emaiuing setisnent payments we due on the last day ofeach month commencing after the fist Setlement Payment, fon April 2016 il Decernver 2017 and are requires tobe of uninsam of USDS 250,000, provide! ha tho total pas {in each quarter i fest USDS 1,000,000, Coasim US had pad the amount due til March 31,2017 Since te cause of action of his ltgntion and setement les in the USA, Cousin U3 will take primary espousibiliy for peyrnent of the Setlement Amounts order to accede to the entry of, and the tems of the Setlement Agreement, the Company along with oer defendants entered into an inter sp agreement cn December 21,2015 and subsequently antended on April 29, 2017 (Inter Se Agreement”), Inthe Inter Se Agreement, in Srilement of any claims thst the Company may have against the Promoter in relation to this Ia suit he Promoter bes agreed to make a ‘Voluntary contribution of USS 2,000,000 (“Voluntary Contribution”) tothe Company. The Veluntary Contribution wall be made by the Promoter upon the Company calling upot the Fromoter tay the Veluntary Contribution on the expity of 18 montis of the date of allotment ofits eqity ses pursuant to the Inia public oferng IPO"), and in the event the IPO does not happen by Sepemiber 30,2017, to fates than March 31, 2018, The Company has not made such cla / ell onthe Promote as at the date ofthese finan statements“Matrimony com Limited (CIN: W63090TNZODIPLCOATA32) (Formerly knosu a6" Matrimoay.com Private Limited") [Notes to financial statements for the year ended March 31,2017 {Ai amount aren INR alionundess others soe) 37 Commitment, Claims and ContogentLiabilies (continued) © Contingent uinitiis [Pavone mea aaa a [Addi sbi de fo Pejmaat af Bas el Rewospecive Amend Refer note (below | Refernore() below [FEMA uon-complianee 7 | "Ref ate) below - vie fax ofr nat (i) below | Retr note (i below Note: i) During the previous year the Company his abained stay spn therecospctveimplemsntaticn of Payment of Bons (Antendment) {het2018 withthe Madeas High Cot forthe yer 201415, contending th! such retospecive aplication i unconstitutional la-viree Sad vid. The pact of such change forthe fnaucal year 2014-15 is Rs5.5O millon, Based on the Legal advice, management believes that it hs fur chance of defending is poston. Acordigly, no provision has been mntined with respect othe Financia yeas 2014 15. The Company has iaplemented Payeat of Bonus (Amendinea) Act, 2015 wf Apei 1, 2015, {in The Commpy has ceain pending Utigaions with CESTAT, and on a prudent basis, tbe Company has provided for the servic tx Tatics and terest Further the Cotpany tetved a demand order fom Carumissone of Service tx for te prod 2007-08 ro 2008-10 tmder secon 78 ofthe Finance Act repardig now payment of service tox on import of certain services made doing that period. The ‘Company adie the Habiity and made pyarents slong with iterest Based on legal consolation, it betiees that mo provision is reauled to be madoin the books in respect ofthe pel of RS. 691 mon dean by the authorities. (ita exter yeas, the Company and i whclly owned overseas subsidiary bad made cetsin ritlances sgzvegbing fo USD 0.004 lion toners equity capital forth incorporation of xo enties. The si vo companies dd at commence commercial operations and ‘ne of which Was liguiated in 2013. Daring October 2016, dhe Company received a communication from the Reserve Bank of India (CRAP) inating the Company cn ther contravcntons (othe provisions ofthe Foreign Exchange Management Act, 1999 (FEMA Regulations’) in espect of these omitaces made in evi yeas. The Companys fled aplication with RAT Gor compouing ofthese ‘flencrsyorount to the applicable provisions of FEMA Regulations. Based on the comuwuniaton recived trom the RB ox this wetter dh nate ofthese contavetions, management beiees tat the mater will have any material impact onthe ancl statesets (iv) Far lnc fy elated mates eter note 35, 38 Spec ie Bak Notes (SBN) “The Compony’s operations are spead sross more th 140 retail utes eros varius States in Inia, Pursuant fo notification of the ‘Govecamet of Tada, Mnisty of Finance, Depvtnent of Economic Affairs number S.0. 140746), dated Naveaber 8, 2016, he Company ‘atiblshd intemal uidelins with respect o cath fansetions during the speified period (Noveaber 9, 2016 to December 30,2016) 0 ure compliance wrth the opplcabe regula, incladg itinating alts outs not co colletexsh im Spesifid Bank Notes post November 8, 2016, Further, the cllestions in cash made dig this peciod were substantially lower thn that ofthe same period i the ‘previous yet and overall, contribute an insignificant portion ofthe eveoues /collestins of he Company “The Company en the process of compiling complet infrmstion with regard othe Genotinaton-wise dts of eas transactions entered int by the Coapany drng he specified period bving regard to the wide-spread regional operations aswel s the lov ket ize of tas trast at fe retail oaks and the youn ofthe data fvoKed, The below information has bees compiled based on te infomation present valabe from the Compeny’s books of accounts and otber secré (including cash deposi callns to the extent available). The Comp hs alo sought further infonnaton fem te bankers ofthe Company which is avaited as ofthe dete of approval ofthese ‘inancil slatemens ‘Diher denominsion Particulars SBNS* ios ‘Total Clos caso 0a Novenibor OB, 2016 Sp0 S00 0980 Fer A +) Penmite receipts 7 39,213,300, 39,213,300 [. Permited Paymens - zi : |.) Amour depose in Banks 23,610,500 3131.88 407245 [Closing cash in bandas om Deceniber 30, 2016 7 250,435 3,502,85 Foc the purposes ofthis lause, the te 'Spesitid Hank Notes’ shal ave te same mening rovided inte notification ofthe ‘Govt of ind in he Ministry of Finance, Department of Economic ATurs number S.0, 3407(E), dated the Sth November, 2016Motstmony com Limited (CIN: Pores Notes to (A annum are UR wstion, unless erie stated) » 163090 N2001P1,COE7432) ‘known as" Matrimony.com Private Limited") al statements forthe year ended March 3, 2017 ‘Change the business moet Uni! Deemer 1, 2015, Cons Info USA tne, USA CConsim US") was eagnge in he provision of agency services the Company in ‘elton to the overseas tathnsking bosiness ("NR Hisiness) of tbe Company. Corsi (8 was aso engaged in providing marketing Support snd collection of subesripion money Gow ssoness. However, with effect fom December 15, 2015, owing 1 the hae in business ste, the Company commenced cperting under 9 "Business License” model instead of the erste agency’ model Under the ‘ew asness mnt, Coosin US stall opeate the NRI Gusizess on is ovm acccunt and receive the subscription moacy fom NRL tnatchmking customers. Farther Cosi US performs signiBnatfetions in elation fo tbe NRI Bsiess an! bear the consequent asks of its operations, tn ordor To lait such change, the Company entered in to # Business Licence Agreement with Cosimn US fr use ofthe ‘Companys brand, domain names a also aval the daisbase poral aces. In adtin toi, the Company has also entered int Shared Service Anangemeat for infateariue aad marketing spp ecvions yen eomparotives Previous year gues have ben elas /regroped wherever necessary o confor ocurent years clasiicaton ForS. R. BATLIBOI & ASSOCIATES LLP For and on bshalf of the Board of Directors of ‘Chased Ascountan's Matrimny.com Limited ICAL Regan No: 11020008 mas ¢ 4 ee! ‘| ' Ve x _ Shanta Sasa] oval enti Avocet ugh Koear Pee Ng Dec Dieser Meni No: 2127 Dow suns piveenisi9 al ; 4 ib Ly . Kc balasebranaan Sijytuand Cuca Ofer Comal Seeary Place: Mumbai Date : Apyil29, 2017 Place: Minti Date: Apeil29, 2017,