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SHREE SALASAR POLYFLEX PRIVATE LIMITED

Standalone Financial Statements for period 01/04/2016 to 31/03/2017

[400100] Disclosure of general information about company


Unless otherwise specified, all monetary values are in INR
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
SHREE SALASAR POLYFLEX
Name of company PRIVATE LIMITED
Corporate identity number U25209RJ2010PTC033053
Permanent account number of entity AAOCS8534N
NH-8, JAIPUR-DELHI ROAD
, 72KM MILESTONE FROM
JAIPUR VILLAGE BHABHRU,
Address of registered office of company Tehseel Virat Nagar ,
Jaipur , RAJASTHAN , INDIA
- 303119
Commercial and
Type of industry Industrial
Whether company is listed company No
Date of board meeting when final accounts were approved 01/09/2017
01-04-2015 TO
Period covered by financial statements 31-03-2016    
Date of start of reporting period 01/04/2016 01/04/2015
Date of end of reporting period 31/03/2017 31/03/2016
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
Date from which register of members remained closed 12/09/2017
Date till which register of members remained closed 20/09/2017
Whether company is maintaining books of account and other
No
relevant books and papers in electronic form

Disclosure of principal product or services [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Types of principal product or services [Axis] 1
01/04/2016
to
31/03/2017
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 5503
SYNTHETIC
STAPLE FIBRES,
N O T
Description of product or service category CARDED,COMBED
OR OTHERWISE
PROCESSED FOR
SPINNING
Turnover of product or service category 84,94,53,561
Highest turnover contributing product or service (ITC 8 digit) code 55032000
POLYSTER
Description of product or service STAPLE FIBRE
Turnover of highest contributing product or service 83,12,84,511
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

[400400] Disclosures - Directors report

Details of shareholding pattern of directors and key managerial personnel [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Directors and key managerial personnel [Axis] HARI PRASAD SHARMA SANJAY GUPTA
Cumulative
Shareholding at
Shareholding at beginning of year shareholding
Change in shareholding [Axis] beginning of year
[Member] during year
[Member]
[Member]
01/04/2016 01/04/2016 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2017 31/03/2017
[shares]
Total number of shares held at end of period 15,50,000
[shares] 1,65,000 [shares] 19,34,000

Percentage of total shares held at end of period 32.29% 34.38% 40.29%


[shares]
Total number of shares held at end of period 15,50,000
[shares] 1,65,000 [shares] 19,34,000

Percentage of total shares held at end of period 32.29% 34.38% 40.29%


Increase decrease in shareholding during year [shares] 1,00,000 [shares] 16,50,000
Percentage increase decrease in
2.08% 34.38%
shareholding during year
[shares]
Total number of shares held at end of period 15,50,000
[shares] 1,65,000 [shares] 19,34,000

Percentage of total shares held at end of


32.29% 34.38% 40.29%
period
Increase decrease in shareholding during year [shares] 1,00,000 [shares] 16,50,000
Percentage increase decrease in shareholding
2.08% 34.38%
during year
[shares]
Total number of shares held at end of period 15,50,000
[shares] 1,65,000 [shares] 19,34,000

Percentage of total shares held at end of period 32.29% 34.38% 40.29%


Details of shareholding pattern of directors
and key managerial personnel [Abstract]
Details of shareholding pattern of
directors and key managerial personnel
[LineItems]
Name of directors and key managerial HARI PRASAD HARI PRASAD
SANJAY GUPTA
personnel SHARMA SHARMA
Increase decrease in shareholding during year [shares] 1,00,000 [shares] 16,50,000
Percentage increase decrease in
2.08% 34.38%
shareholding during year
[shares]
Total number of shares held at end of period 15,50,000
[shares] 1,65,000 [shares] 19,34,000

Percentage of total shares held at end of


32.29% 34.38% 40.29%
period

Details of shareholding pattern of directors and key managerial personnel [Table] ..(2)
Unless otherwise specified, all monetary values are in INR
Directors and key managerial personnel [Axis] SANJAY GUPTA
Cumulative
Shareholding at
shareholding
Change in shareholding [Axis] beginning of year
during year
[Member]
[Member]
01/04/2016
31/03/2016 to
31/03/2017
Total number of shares held at end of period [shares] 19,34,000
Percentage of total shares held at end of period 40.29%
Total number of shares held at end of period [shares] 19,34,000
Percentage of total shares held at end of period 40.29%
Total number of shares held at end of period [shares] 19,34,000
Percentage of total shares held at end of period 40.29%
Total number of shares held at end of period [shares] 19,34,000
Percentage of total shares held at end of period 40.29%
Details of shareholding pattern of directors and key managerial personnel [Abstract]
Details of shareholding pattern of directors and key managerial personnel
[LineItems]
Name of directors and key managerial personnel SANJAY GUPTA
Total number of shares held at end of period [shares] 19,34,000
Percentage of total shares held at end of period 40.29%

2
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Details of shareholding pattern [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Shareholding pattern [Axis] Shareholders [Member] Promoters [Member]
01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
Details of shareholding pattern [Abstract]
Details of shareholding pattern [LineItems]
Number of demat shares held at end of period [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of physical shares held end of period [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000
Total number of shares held at end of period [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000
Percentage of total shares held at end of period 100.00% 100.00% 100.00% 100.00%
Percentage of change in shares held during year -0.07% -0.07%
Total number of shares held at end of period [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000
Percentage of total shares held at end of period 100.00% 100.00% 100.00% 100.00%
Percentage of change in shares held during year -0.07% -0.07%
Total number of shares held at end of period [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000
Percentage of total shares held at end of
100.00% 100.00% 100.00% 100.00%
period
Total number of shares held at end of period [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000
Percentage of total shares held at end of period 100.00% 100.00% 100.00% 100.00%
Total number of shares held at end of period [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000
Percentage of total shares held at end of
100.00% 100.00% 100.00% 100.00%
period

Details of shareholding pattern [Table] ..(2)


Unless otherwise specified, all monetary values are in INR
Shareholding pattern [Axis] Indian [Member] Individual/HUF [Member]
01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
Details of shareholding pattern [Abstract]
Details of shareholding pattern [LineItems]
Number of demat shares held at end of period [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of physical shares held end of period [shares] 48,00,000 [shares] 48,00,000 [shares] 35,84,000 [shares] 34,84,000
Total number of shares held at end of period [shares] 48,00,000 [shares] 48,00,000 [shares] 35,84,000 [shares] 34,84,000
Percentage of total shares held at end of period 100.00% 100.00% 74.67% 72.58%
Percentage of change in shares held during year -0.07% 2.02%
Total number of shares held at end of period [shares] 48,00,000 [shares] 48,00,000 [shares] 35,84,000 [shares] 34,84,000
Percentage of total shares held at end of period 100.00% 100.00% 74.67% 72.58%
Percentage of change in shares held during year -0.07% 2.02%
Total number of shares held at end of period [shares] 48,00,000 [shares] 48,00,000 [shares] 35,84,000 [shares] 34,84,000
Percentage of total shares held at end of
100.00% 100.00% 74.67% 72.58%
period
Total number of shares held at end of period [shares] 48,00,000 [shares] 48,00,000 [shares] 35,84,000 [shares] 34,84,000
Percentage of total shares held at end of period 100.00% 100.00% 74.67% 72.58%
Total number of shares held at end of period [shares] 48,00,000 [shares] 48,00,000 [shares] 35,84,000 [shares] 34,84,000
Percentage of total shares held at end of
100.00% 100.00% 74.67% 72.58%
period

3
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Details of shareholding pattern [Table] ..(3)


Unless otherwise specified, all monetary values are in INR
Shareholding pattern [Axis] Corporate bodies [Member]
01/04/2016
to 31/03/2016
31/03/2017
Details of shareholding pattern [Abstract]
Details of shareholding pattern [LineItems]
Number of demat shares held at end of period [shares] 0 [shares] 0
Number of physical shares held end of period [shares] 12,16,000 [shares] 13,16,000
Total number of shares held at end of period [shares] 12,16,000 [shares] 13,16,000
Percentage of total shares held at end of period 25.33% 27.42%
Percentage of change in shares held during year -2.09%
Total number of shares held at end of period [shares] 12,16,000 [shares] 13,16,000
Percentage of total shares held at end of period 25.33% 27.42%
Percentage of change in shares held during year -2.09%
Total number of shares held at end of period [shares] 12,16,000 [shares] 13,16,000
Percentage of total shares held at end of period 25.33% 27.42%
Total number of shares held at end of period [shares] 12,16,000 [shares] 13,16,000
Percentage of total shares held at end of period 25.33% 27.42%
Total number of shares held at end of period [shares] 12,16,000 [shares] 13,16,000
Percentage of total shares held at end of period 25.33% 27.42%

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


Unless otherwise specified, all monetary values are in INR
Directors signing board report [Axis] 1
01/04/2016
to
31/03/2017
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 HARI
Middle name of director PRASAD
Last name of director SHARMA
Designation of director Director
Director identification number of director 00600853
Date of signing board report 01/09/2017

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Material contracts/arrangements/transactions at arm's length basis [Axis] 01 02
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
ROHIT KUMAR
Name of related party SHARMA
SANJAY GUPTA
Key managerial Key managerial
Nature of related party relationship personnel or his personnel or his
relative relative
Details of material contracts/arrangements/transactions at arm's length basis [Abstract]
Details of material contracts/arrangements/transactions at arm's length basis
[LineItems]
ROHIT KUMAR
Name of related party SHARMA
SANJAY GUPTA
Key managerial Key managerial
Nature of related party relationship personnel or his personnel or his
relative relative
Description of nature of material contracts/arrangements/transactions with
REMUNERATION INTEREST
related party
Duration of material contracts/arrangements/transactions with related party 12 MONTHS 12 MONTHS

4
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Details of shareholding of promoters [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Promoters [Axis] 1 2
01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
[shares]
Total number of shares held at end of period [shares] 19,34,000 [shares] 19,34,000 [shares] 16,50,000
15,50,000
Percentage of total shares held at end of period 40.29% 40.29% 34.38% 32.29%
Percentage of change in shares held during year 0.00% 2.09%
Details of shareholding of promoters [Abstract]
Details of shareholding of promoters [LineItems]
HARI PRASAD
Shareholder’s name SANJAY GUPTA
SHARMA
[shares]
Total number of shares held at end of period [shares] 19,34,000 [shares] 19,34,000 [shares] 16,50,000
15,50,000
Percentage of total shares held at end of period 40.29% 40.29% 34.38% 32.29%
Percentage of change in shares held during year 0.00% 2.09%
[shares]
Total number of shares held at end of period [shares] 19,34,000 [shares] 19,34,000 [shares] 16,50,000
15,50,000
Percentage of total shares held at end of
40.29% 40.29% 34.38% 32.29%
period
[shares]
Total number of shares held at end of period [shares] 19,34,000 [shares] 19,34,000 [shares] 16,50,000
15,50,000
Percentage of total shares held at end of period 40.29% 40.29% 34.38% 32.29%
[shares]
Total number of shares held at end of period [shares] 19,34,000 [shares] 19,34,000 [shares] 16,50,000
15,50,000
Percentage of total shares held at end of
40.29% 40.29% 34.38% 32.29%
period

Details of shareholding of promoters [Table] ..(2)


Unless otherwise specified, all monetary values are in INR
Promoters [Axis] 3 4
01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
[shares] [shares]
Total number of shares held at end of period [shares] 4,66,000
5,66,000
[shares] 7,50,000
7,50,000
Percentage of total shares held at end of period 9.71% 11.79% 15.63% 15.63%
Percentage of change in shares held during year 2.08% 0.00%
Details of shareholding of promoters [Abstract]
Details of shareholding of promoters [LineItems]
M/S AMS FASHIONS M/S SUGAN LEASING
Shareholder’s name PRIVATE LIMITED PRIVATE LIMITED
[shares] [shares]
Total number of shares held at end of period [shares] 4,66,000
5,66,000
[shares] 7,50,000
7,50,000
Percentage of total shares held at end of period 9.71% 11.79% 15.63% 15.63%
Percentage of change in shares held during year 2.08% 0.00%
[shares] [shares]
Total number of shares held at end of period [shares] 4,66,000
5,66,000
[shares] 7,50,000
7,50,000
Percentage of total shares held at end of
9.71% 11.79% 15.63% 15.63%
period
[shares] [shares]
Total number of shares held at end of period [shares] 4,66,000
5,66,000
[shares] 7,50,000
7,50,000
Percentage of total shares held at end of period 9.71% 11.79% 15.63% 15.63%
[shares] [shares]
Total number of shares held at end of period [shares] 4,66,000
5,66,000
[shares] 7,50,000
7,50,000
Percentage of total shares held at end of
9.71% 11.79% 15.63% 15.63%
period

5
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Unless otherwise specified, all monetary values are in INR


01/04/2016
to
31/03/2017
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Textual information (2)
Description of state of companies affair [See below]
Disclosure relating to amounts if any which is proposed to carry to any Textual information (3)
reserves [See below]
Your Directors have not
recommended any dividend
Disclosures relating to amount recommended to be paid as dividend in respect of Equity
Shares.
Textual information (4)
Details regarding energy conservation [See below]
Textual information (5)
Details regarding technology absorption [See below]
Textual information (6)
Details regarding foreign exchange earnings and outgo [See below]
Textual information (7)
Disclosures in director’s responsibility statement [See below]
During the year under
review, no significant
and material orders were
passed by the regulators
Details of material changes and commitment occurred during period
or courts or tribunals
affecting financial position of company impacting the going
concern status and
company’s operations in
future.
Textual information (8)
Particulars of loans guarantee investment under section 186 [TextBlock] [See below]
Particulars of contracts/arrangements with related parties under section Textual information (9)
188(1) [TextBlock] [See below]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Whether there are material contracts/arrangements/transactions at
Yes
arm's length basis
Details of statement indicating manner in which formal
Textual information (10)
annual evaluation made by board of its performance and of its [See below]
committees and individual directors [TextBlock]
Date of board of directors' meeting in which board's report referred
01/09/2017
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3) Textual information (11)
[TextBlock] [See below]
Details of change in promoters shareholding [TextBlock]
Details of shareholding pattern of directors and key managerial
personnel [TextBlock]
Disclosure of statement on declaration given by independent directors Textual information (12)
under section 149(6) [TextBlock] [See below]
Disclosure for companies covered under section 178(1) on
Textual information (13)
directors appointment and remuneration including other matters [See below]
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk Textual information (14)
management policy [TextBlock] [See below]
Details on policy development and implementation by company on
Textual information (15)
corporate social responsibility initiatives taken during year [See below]
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Textual information (16)
Disclosure of financial summary or highlights [TextBlock] [See below]
Textual information (17)
Disclosure of change in nature of business [TextBlock] [See below]
There has been no
Details of directors or key managerial personnels who were change in the Board of
appointed or have resigned during year [TextBlock] Directors during the
year.

The company is not


neither a
subsidiary/joint
Disclosure of companies which have become or ceased to be its venture / associate of any
subsidiaries, joint ventures or associate companies during Company nor have any
year [TextBlock] Subsidiary/joint
venture / associates
during the financial
year.

6
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

The Company has not


accepted deposits from
public falling within the
ambit of Section 73 of the
Details relating to deposits covered under chapter v of companies act
Companies
[TextBlock] Act, 2013 and The
Companies (Acceptance
of Deposits) Rules,
2014.

The Company has not


accepted deposits from
public falling within the
ambit of Section 73 of the
Details of deposits which are not in compliance with requirements
Companies
of chapter v of act [TextBlock] Act, 2013 and The
Companies (Acceptance
of Deposits) Rules,
2014.

During the year under


review, no significant
and material orders were
Details of significant and material orders passed by passed by the regulators
regulators or courts or tribunals impacting going concern or courts or tribunals
status and company’s operations in future [TextBlock] impacting the going
concern status and
company’s operations in
future.

Details regarding adequacy of internal financial controls with Textual information (18)
reference to financial statements [TextBlock] [See below]
Disclosure of contents of corporate social responsibility policy Textual information (19)
[TextBlock] [See below]

There has been no


change in the Board of
Disclosure of appointment and remuneration of managerial personnels Directors during the
[TextBlock] year.

Disclosure of composition of audit committee and non-acceptance


Textual information (20)
of any recommendation of audit committee along with reasons [See below]
[TextBlock]
Disclosure of policy formulated by nomination and remuneration There has been no
change in the Board of
committee relating to remuneration for directors, key Directors during the
managerial personnels and other employees [TextBlock] year.
Number of meetings of board [pure] 8

7
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]


directors Report To THE SHAREHOLDERS

To

The Members

SHREE SALASAR POLYFLEX PRIVATE LIMITED

The Directors take pleasure in presenting the 7th Annual Report together with the Audited Statement of Accounts for the year ended on 31st
March, 2017.

1. FINANCIAL PERFORMANCE

The summarized standalone and consolidated results of your Company are:

Financial Year ended


Particulars

Standalone

31/03/2017 31/03/2016

Profit/(loss) before Tax (PBT) 2,66,80,128 5,49,854

Provision for Income Tax (including for earlier years) 1,30,01,742 389739

Deferred Tax (28,48,224) (11,66,84)

Net Profit/(Loss) After Tax (PAT) 1,65,26,610 2,76,799

Profit/(Loss) brought forward from previous year 1,63,32,366 1,60,55,567

Profit available for Appropriations 3,28,58,977 1,63,32,366

Appropriations Nil Nil

Profit/(Loss) carried to Balance Sheet 3,28,58,977 1,63,32,366

8
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

2. DIVIDEND

Your Directors have not recommended any dividend in respect of Equity Shares.

3. SHARE CAPITAL

As on 31st March, 2017, the issued, subscribed and paid up equity share capital of your Company stood as under:

Particulars Amount (Rs)

Authorized Capital 50,000,000

Issued Capital 48,000,000

Subscribed and Paid up Capital 48,000,000

3.1 Issue of Share Capital

The company has not issued equity shares during the financial year.

3.2 Deposits

The Company has not accepted deposits from public falling within the ambit of Section 73 of the Companies Act, 2013 and The Companies
(Acceptance of Deposits) Rules, 2014.

4. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS

During the year under review, no significant and material orders were passed by the regulators or courts or tribunals impacting the going
concern status and companys operations in future.

5.INTERNAL FINANCIAL CONTROLS

9
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

The internal financial controls with reference to the Financial Statements are commensurate with the size and nature of business of the
Company.

The Internal Audit Department monitors and evaluates the efficacy and adequacy of internal control system in the Company, its
compliance with operating systems, accounting procedures and policies at all locations of the Company and its subsidiaries. Based on the
report of internal audit function, process heads undertake corrective action in their respective areas and thereby strengthen the controls.
Significant audit observations and corrective actions thereon are presented to the Audit Committee of the Board.

6. HOLDING AND SUBSIDIARIES

The company is not neither a subsidiary/joint venture / associate of any Company nor have any Subsidiary/joint venture / associates during
the financial year.

7. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:

In accordance with the provisions of Section 134 of the Companies Act, 2013 read with Companies (Accounts) Rules, 2014, regarding
conservation of energy, this is to state that the Company has not undertaken any specific measure to conserve energy. The Company has also
not undertaken any research and development programme; as such no comment is made on technology absorption.

8. DIRECTORS AND KEY MANAGERIAL PERSONNEL

There has been no change in the Board of Directors during the year.

9. DETAILS OF BOARD MEETINGS

Board Meetings held during the year:

Dates on which the Board meetings were held Total strength of the Board No. of Directors Present

06/05/2016 4 4

21/07/2016 4 4

04/08//2016 4 4

02/09/2016 4 4

10
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

22/10/2016 4 4

19/12/2016 4 4

07/02/2017 4 4

16/03/2017 4 4

10. AUDITORS

10.1 Statutory Auditors

In the last AGM held on 15.09.2014, M/s. Ashok Kumar Duggar& Associates, Chartered Accountants have been appointed Statutory
Auditors of the Company for a period of five years. Ratification of appointment of Statutory Auditors is being sought from the members of
the Company at the ensuing AGM.

Further, the report of the Statutory Auditors along with notes to Schedules is enclosed to this report. The observations made in the Auditors
Report are self-explanatory and therefore do not call for any further comments.

11. EXTRACT OF ANNUAL RETURN

Pursuant to section 92(3) of the Companies Act, 2013 (the Act) and rule 12(1) of the Companies (Management and Administration) Rules,
2014, extract of annual return in Form MGT-9 is annexed herewith as Annexure I.

12. PARTICULARS OF LOANS, INVESTMENTS AND GUARANTEES UNDER SECTION 186

In accordance with the provisions of Section 186 of the Companies Act, 2013, regarding Loan, Guarantee and Investment by the Company,
this is to state that the Company has not given any Loan or provided any Guarantee or made Investment to any person or body corporate.
Hence, the said provision is not applicable.

11
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

13. RELATED PARTY TRANSACTIONS:

There are related party transactions entered into during the financial year. The particulars of contracts or arrangements referred to in
Section 188(1) of the Companies Act, 2013, with related parties and as mentioned in form AOC-2 of the Rules prescribed under Chapter IX
under the Companies Act, 2013, is annexed herewith and forms part of this report. (ANNEXURE II)

14. DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to the requirement clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, your Directors confirm that:

(a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to
material departures;

(b) The directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of
the company for that period;

(c) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions
of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

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

(e) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively.

15. ACKNOWLEDGEMENT

Your Directors thank the various Central and State Government Departments, Organizations and Agencies for the continued help and
co-operation extended by them. The Directors also gratefully acknowledge all stakeholders of the Company viz. customers, members,
dealers, vendors, banks and other business partners for the excellent support received from them during the year. The Directors place on
record their sincere appreciation to all employees of the Company for their unstinted commitment and continued contribution to the
Company.

12
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

13
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

On behalf of the Board,

Registered Office:

------------------------------

NH-8, JAIPUR-DELHI ROAD,

72KM MILESTONE FROM JAIPUR, Hari Prasad Sharma

VILLAGE BHABHRU, TEHSEEL VIRAT NAGAR DIRECTOR

JAIPUR, RAJASTHAN 303119 DIN: 00600853

Dated: 1st September, 2017

Annexure - I

Form No. MGT-9

EXTRACT OF ANNUAL RETURN

as on the financial year ended on 31st March, 2017

Of

SHREE SALASAR POLYFLEX HOTELS PRIVATE LIMITED

[Pursuant to Section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies

(Management and Administration) Rules, 2014]

I. REGISTRATION AND OTHER DETAILS:

14
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

CIN U25209RJ2010PTC033053

Registration Date 08/10/2010

Name of the Company SHREE SALASAR POLYFLEX PRIVATE LIMITED

Category / Sub-Category of the Company Company Limited by Shares/Indian Non-Government Company

NH-8,JAIPUR-DELHI ROAD, 72KM MILESTONE FROM JAIPUR, VILLAGE


BHABHRU, TEHSEEL VIRAT NAGAR
Address of the Registered Office
JAIPUR, RAJASTHAN 303119

Contact details 033-4050 9999

Whether listed company No

Name, Address and contact details of Registrar &


N.A.
Transfer Agents (RTA), if any

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All the business activities contributing 10 % or more of the total turnover of the company shall be stated:-

NIC Code of the


Name and Description % to total turnover
Sl. No. Product/ service
of main products / services of the company

1. Manufacture of Polyster Staple Fibre 5503-2000 100%

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES None

HOLDING/
% OF APPLICABLE
Sl No Name & Address of the Company CIN/GLN SUBSIDIARY/
SHARES HELD SECTION
ASSOCIATE

1 NONE

15
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)

(i) Category-wise Share Holding

%
No. of Shares
No. of Shares held change
held at the
Category of Shareholders at the beginning of during
end of the
the year the
year
year

% of % of
Demat Physical Total Total Demat Physical Total Total
Shares Shares

A. Promoters

(1) Indian

a) Individual/HUF NIL 3,484,000 3,484,000 72.58% NIL 3,584,000 3,584,000 74.67% NIL

b) Central Govt. or
NIL NIL NIL NIL NIL NIL NIL NIL NIL
State Govt.

c) Bodies Corporate NIL 1,316,000 1,316,000 27.42% NIL 1,216,000 1,216,000 25.33% NIL

d) Bank/FI NIL NIL NIL NIL NIL NIL NIL NIL NIL

e) Any other NIL NIL NIL NIL NIL NIL NIL NIL NIL

SUB TOTAL: (A) (1) NIL 4,800,000 4,800,000 100% NIL 4,800,000 4,800,000 100% NIL

(2) Foreign

a) NRI- Individuals NIL NIL NIL NIL NIL NIL NIL NIL NIL

16
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

b) Other Individuals NIL NIL NIL NIL NIL NIL NIL NIL NIL

c) Bodies Corp. NIL NIL NIL NIL NIL NIL NIL NIL NIL

d) Banks/FI NIL NIL NIL NIL NIL NIL NIL NIL NIL

e) Any other NIL NIL NIL NIL NIL NIL NIL NIL NIL

SUB TOTAL (A)(2) NIL NIL NIL NIL NIL NIL NIL NIL NIL

Total Shareholding of Promoter


NIL 4,800,000 4,800,000 100% NIL 4,800,000 4,800,000 100% NIL
(A)=(A) (1)+(A) (2)

B.NON PROMOTERS
SHAREHOLDING

(1) Institutions

a) Mutual Funds NIL NIL NIL NIL NIL NIL NIL NIL NIL

b) Banks/FI NIL NIL NIL NIL NIL NIL NIL NIL NIL

C) Centralgovt NIL NIL NIL NIL NIL NIL NIL NIL NIL

d) State Govt. NIL NIL NIL NIL NIL NIL NIL NIL NIL

e) Venture Capital Fund NIL NIL NIL NIL NIL NIL NIL NIL NIL

f) Insurance Companies NIL NIL NIL NIL NIL NIL NIL NIL NIL

g) FIIS NIL NIL NIL NIL NIL NIL NIL NIL NIL

h) Foreign Venture
NIL NIL NIL NIL NIL NIL NIL NIL NIL
Capital Funds

i) Others (specify) NIL NIL NIL NIL NIL NIL NIL NIL NIL

SUB TOTAL (B) (1): NIL NIL NIL NIL NIL NIL NIL NIL NIL

(2) Non Institutions

a) Bodies corporate NIL NIL NIL NIL NIL NIL NIL NIL NIL

i) Indian NIL NIL NIL NIL NIL NIL NIL NIL NIL

17
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

ii) Overseas NIL NIL NIL NIL NIL NIL NIL NIL NIL

b) Individuals

i) Individual shareholders holding


nominal share capital upto Rs.1 NIL NIL NIL NIL NIL NIL NIL NIL NIL
lakhs

ii) Individuals shareholders holding


nominal share capital in excess of NIL NIL NIL NIL NIL NIL NIL NIL NIL
Rs. 1 lakhs

c) Others (specify) NIL NIL NIL NIL NIL NIL NIL NIL NIL

SUB TOTAL (B) (2): NIL NIL NIL NIL NIL NIL NIL NIL NIL

Total Non Promoter Shareholding


NIL NIL NIL NIL NIL NIL NIL NIL NIL
(B)= (B) (1)+(B) (2)

C. Shares held by Custodian for


NIL NIL NIL NIL NIL NIL NIL NIL NIL
GDRs & ADRs

Grand Total (A+B+C) NIL 4,800,000 4,800,000 100% NIL 4,800,000 4,800,000 100% NIL

(ii) Shareholding of Promoters:

Shareholding Share holding


Sl at the at the end of
Shareholders
beginning the
Name
No.
of the year year

%
change

In
share
No. of % of total %of Shares Pledged / No. of % of total %of Share Pledged
Shares of the encumbered to total Shares of the /encumbered to total
holding
Shares company shares Shares company shares
during

the
year

Sri Sanjay
1 1,934,000 40.29% NIL 1,934,000 40.29% NIL NIL
Gupta

Sri Hari

18
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

2 Prasad 1,550,000 32.29% NIL 1,650,000 34.38% NIL NIL


Sharma

M/s. AMS
3 Fashions Pvt 566,000 11.79% NIL 466,000 09.71% NIL NIL
Ltd

M/s. Sugan
4 Leasing Pvt 750,000 15.63% NIL 750,000 15.63% NIL NIL
Ltd

(iii) Change in Promoters Shareholding: None

Share holding at Cumulative


Sl.
the beginning of Share holding
No.
the Year during the year

% of total % of total
No. of Shares shares of the No of shares shares of the
company company

At the beginning of the year NIL NIL NIL NIL

Date wise increase/decrease in Promoters Share holding during the


year specifying the reasons for increase/decrease (e.g. NIL NIL NIL NIL
allotment/transfer/bonus/sweat equity etc)

At the end of the year NIL NIL NIL NIL

(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs): NONE

Increase/ Cumulative Share


Name of the
Sl. No. Shareholding Date Decrease in Reason holding during the year
Share holder
shareholding (01.04.16 to 31.3.17)

No of Shares at the beginning % of total % of total


(01.04.2016) / end of the year shares of the No of shares shares of the
(31.3.2017) company company

19
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

(v) Shareholding of Directors and Key Managerial Personnel:

Sl. Share holding at the


For Each of the Directors & KMP
No. beginning of the Year

% of total shares
1 Sri Sanjay Gupta No. of Shares
of the company

At the beginning of the year 1,934,000 40.29%

Date wise increase/decrease in Share holding during the year specifying the reasons for
NIL NIL
increase/decrease (e.g. allotment/ transfer/ bonus/sweat equity etc)

At the end of the year 1,934,000 40.29%

% of total shares
2 Sri Hari Prasad Sharma No. of Shares
of the company

At the beginning of the year 1,550,000 32.29%

Date wise increase/decrease in Share holding during the year specifying the reasons for
100,000 2.08%
increase/decrease (e.g. allotment/ transfer/ bonus/sweat equity etc)

At the end of the year 1,650,000 34.38%

V. INDEBTEDNESS:

20
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Indebtedness of the Company including interest outstanding/accrued but not due for payment

Unsecured Total
Secured Loans excluding deposits Deposits
Loans Indebtedness

Indebtedness at the beginning of the financial year

i) Principal Amount 14,36,31,307 1,64,00,000 NIL 16,00,31,307

ii) Interest due but not paid NIL NIL NIL NIL

iii) Interest accrued but not due NIL NIL NIL NIL

Total (i+ii+iii) 14,36,31,307 1,64,00,000 NIL 16,00,31,307

Change in Indebtedness during the financial year

Additions 3,65,21,103 NIL NIL 36521103

Reduction 5,15,03,550 NIL NIL 51503550

Net Change 8,80,24,653 NIL NIL 88024653

Indebtedness at the end of the financial year NIL NIL NIL NIL

i) Principal Amount 12,86,48,860 1,64,00,000 NIL 14,50,48,860

ii) Interest due but not paid NIL 17,71,200 NIL NIL

iii) Interest accrued but not due NIL NIL NIL NIL

Total (i+ii+iii) 12,86,48,860 1,81,71,200 NIL 14,68,20,060

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:

A .Remuneration To Managing Director, Whole-Time Directors And/ Or Manager:

21
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Name of the Total


Sl.No Particulars of Remuneration
MD/WTD/Manager Amount

1 Gross salary Rohit Kumar Sharma

(a) Salary as per provisions contained in section 17(1) of the Income Tax.
18,00,000 NIL NIL 18,00,000
1961.

(b) Value of perquisites u/s 17(2) of the Income tax Act, 1961 NIL NIL NIL NIL

(c ) Profits in lieu of salary under section 17(3) of the Income Tax Act, 1961 NIL NIL NIL NIL

2 Stock option NIL NIL NIL NIL

3 Sweat Equity NIL NIL NIL NIL

4 Commission as % of profit others (specify) NIL NIL NIL NIL

5 Others, please specify NIL NIL NIL NIL

Total (A) 18,00,000 NIL NIL 18,00,000

Ceiling as per the Act NIL NIL NIL NIL

B. Remuneration To Other Directors:

Sl.No Particulars of Remuneration Name of the Director Total Amount

1 Independent Directors NIL NIL NIL NIL

(a) Fee for attending Board Committee Meetings NIL NIL NIL NIL

(b) Commission NIL NIL NIL NIL

(c ) Others, please specify NIL NIL NIL NIL

TOTAL (1) NIL NIL NIL NIL

22
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

2 Other Non-Executive Directors NIL NIL NIL NIL

(a) Fee for attending Board Committee Meetings NIL NIL NIL NIL

(b) Commission NIL NIL NIL NIL

(c ) Others, please specify NIL NIL NIL NIL

TOTAL (2) NIL NIL NIL NIL

Total (B)=(1+2) NIL NIL NIL NIL

Total Managerial Remuneration 18,00,000 NIL NIL 18,00,000

C. Remuneration To Key Managerial Personnel Other Than MD/Manager/WTD: NONE

Key Managerial
Sl.No Particulars of Remuneration
Personnel

Company Total
CEO CFO
Secretary Amount

Gross salary
1 NIL NIL NIL NIL
(a) Salary as per provisions contained in section 17(1) of the Income
Tax. 1961.

(b) Value of perquisites u/s 17(2) of the Income tax Act, 1961 NIL NIL NIL NIL

(c ) Profits in lieu of salary under section 17(3) of the Income Tax Act,
NIL NIL NIL NIL
1961

2 Stock option NIL NIL NIL NIL

3 Sweat Equity NIL NIL NIL NIL

4 Commission as % of profit others (specify) NIL NIL NIL NIL

5 Others, please specify NIL NIL NIL NIL

Total (A) NIL NIL NIL NIL

Ceiling as per the Act NIL NIL NIL NIL

23
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

VII. PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES: NONE

Details of
Section of the Brief Authority Appeal made if any
Type Penalty/Punishment/Compounding
Companies Act Description (RD/NCLT/Court) (give details)
fees imposed

A. COMPANY

Penalty Nil Nil Nil Nil Nil

Punishment Nil Nil Nil Nil Nil

Compounding Nil Nil Nil Nil Nil

B. DIRECTORS

Penalty Nil Nil Nil Nil Nil

Punishment Nil Nil Nil Nil Nil

Compounding Nil Nil Nil Nil Nil

C. OTHER OFFICERS
IN DEFAULT

Penalty Nil Nil Nil Nil Nil

24
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Punishment Nil Nil Nil Nil Nil

Compounding Nil Nil Nil Nil Nil

On behalf of the Board,

Registered Office:

------------------------------

NH-8, JAIPUR-DELHI ROAD,

72KM MILESTONE FROM JAIPUR, Hari Prasad Sharma VILLAGE BHABHRU,


TEHSEEL VIRAT NAGAR DIRECTOR

JAIPUR, RAJASTHAN 303119 DIN: 00600853

Dated: 1st September, 2017

25
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Annexure - II

Form No. AOC-2

(Pursuant to clause (h) of sub-section (3)of section 134 of the Act and Rule 8(2) of the Companies

(Accounts) Rules, 2014)

Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of
section 188 of the Companies Act, 2013 including certain arms length transactions under third proviso thereto

1. Details of contracts or arrangements or transactions not at arms length basis: NONE

Sl. NAME OF THE RELATED NATURE OF NATURE OF AMOUNT PAID/ RECEIVED


No. PARTY RELATIONSHIP TRANSACTION 31.03.2017

------------NIL----------------

2. Details of material contracts or arrangement or transactions at arms length basis:

26
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Sl. NAME OF THE RELATED NATURE OF NATURE OF AMOUNT PAID/ RECEIVED


No. PARTY RELATIONSHIP TRANSACTION 31.03.2015

1 ROHIT KUMAR SHARMA KMP REMUNERATION 18,00,000

2 SANJAY GUPTA KMP INTEREST 19,68,000

On behalf of the Board,

Registered Office:

------------------------------

NH-8, JAIPUR-DELHI ROAD,

72KM MILESTONE FROM JAIPUR, Hari Prasad Sharma VILLAGE BHABHRU,


TEHSEEL VIRAT NAGAR DIRECTOR

JAIPUR, RAJASTHAN 303119 DIN: 00600853

Dated: 1st September, 2017

27
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (2)

Description of state of companies affair


1. FINANCIAL PERFORMANCE The summarized standalone and consolidated results of your Company are:
Particulars Financial Year ended Standalone 31/03/2017 31/03/2016
Profit/(loss) before Tax (PBT) 2,66,80,128 5,49,854 Provision for Income Tax (including for earlier years) 1,30,01,742 389739 Deferred Tax
(28,48,224) (11,66,84) Net Profit/(Loss) After Tax (PAT) 1,65,26,610 2,76,799 Profit/(Loss) brought forward from previous year
1,63,32,366 1,60,55,567 Profit available for Appropriations 3,28,58,977 1,63,32,366 Appropriations Nil Nil Profit/(Loss) carried to Balance
Sheet 3,28,58,977 1,63,32,366

Textual information (3)

Disclosure relating to amounts if any which is proposed to carry to any reserves


Particulars Financial Year ended Standalone 31/03/2017 31/03/2016
Profit/(loss) before Tax (PBT) 2,66,80,128 5,49,854 Provision for Income Tax (including for earlier years) 1,30,01,742 389739 Deferred Tax
(28,48,224) (11,66,84) Net Profit/(Loss) After Tax (PAT) 1,65,26,610 2,76,799 Profit/(Loss) brought forward from previous year
1,63,32,366 1,60,55,567 Profit available for Appropriations 3,28,58,977 1,63,32,366 Appropriations Nil Nil Profit/(Loss) carried to Balance
Sheet 3,28,58,977 1,63,32,366

Textual information (4)

Details regarding energy conservation


In accordance with the provisions of Section 134 of the Companies Act, 2013 read with Companies (Accounts) Rules, 2014, regarding
conservation of energy, this is to state that the Company has not undertaken any specific measure to conserve energy. The Company has also
not undertaken any research and development programme; as such no comment is made on technology absorption.

Textual information (5)

Details regarding technology absorption


In accordance with the provisions of Section 134 of the Companies Act, 2013 read with Companies (Accounts) Rules, 2014, regarding
conservation of energy, this is to state that the Company has not undertaken any specific measure to conserve energy. The Company has also
not undertaken any research and development programme; as such no comment is made on technology absorption.

Textual information (6)

Details regarding foreign exchange earnings and outgo


In accordance with the provisions of Section 134 of the Companies Act, 2013 read with Companies (Accounts) Rules, 2014, regarding
conservation of energy, this is to state that the Company has not undertaken any specific measure to conserve energy. The Company has also
not undertaken any research and development programme; as such no comment is made on technology absorption.

Textual information (7)

Disclosures in director’s responsibility statement


Pursuant to the requirement clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, your Directors confirm that: (a) In the
preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material
departures; (b) The directors had selected such accounting policies and applied them consistently and made judgments and estimates that are
reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit
and loss of the company for that period; (c) The directors had taken proper and sufficient care for the maintenance of adequate accounting
records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and
other irregularities; (d) The directors had prepared the annual accounts on a going concern basis; and (e) The directors had devised proper
systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

28
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (8)

Particulars of loans guarantee investment under section 186 [Text Block]


In accordance with the provisions of Section 186 of the Companies Act, 2013, regarding Loan, Guarantee and Investment by the Company,
this is to state that the Company has not given any Loan or provided any Guarantee or made Investment to any person or body corporate.
Hence, the said provision is not applicable.

Textual information (9)

Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
There are related party transactions entered into during the financial year. The particulars of contracts or arrangements referred to in Section
188(1) of the Companies Act, 2013, with related parties and as mentioned in form AOC-2 of the Rules prescribed under Chapter IX under the
Companies Act, 2013, is annexed herewith and forms part of this report. (ANNEXURE II)

Textual information (10)

Details of statement indicating manner in which formal annual evaluation made by board of its performance and
of its committees and individual directors [Text Block]
Pursuant to the requirement clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, your Directors confirm that:

(a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to
material departures;

(b) The directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of
the company for that period;

(c) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions
of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

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

(e) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively.

29
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (11)

Disclosure of extract of annual return as provided under section 92(3) [Text Block]
Annexure - I

Form No. MGT-9

EXTRACT OF ANNUAL RETURN

as on the financial year ended on 31st March, 2017

Of

SHREE SALASAR POLYFLEX PRIVATE LIMITED

[Pursuant to Section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies

(Management and Administration) Rules, 2014]

I. REGISTRATION AND OTHER DETAILS:

CIN U25209RJ2010PTC033053

Registration Date 08/10/2010

Name of the Company SHREE SALASAR POLYFLEX PRIVATE LIMITED

Category / Sub-Category of the Company Company Limited by Shares/Indian Non-Government Company

NH-8,JAIPUR-DELHI ROAD, 72KM MILESTONE FROM JAIPUR, VILLAGE


BHABHRU, TEHSEEL VIRAT NAGAR
Address of the Registered Office
JAIPUR, RAJASTHAN 303119

Contact details 033-4050 9999

Whether listed company No

Name, Address and contact details of Registrar &


N.A.
Transfer Agents (RTA), if any

30
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All the business activities contributing 10 % or more of the total turnover of the company shall be stated:-

NIC Code of the


Name and Description % to total turnover
Sl. No. Product/ service
of main products / services of the company

1. Manufacture of Polyster Staple Fibre 5503-2000 100%

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES None

HOLDING/
% OF APPLICABLE
Sl No Name & Address of the Company CIN/GLN SUBSIDIARY/
SHARES HELD SECTION
ASSOCIATE

1 NONE

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)

(i) Category-wise Share Holding

%
No. of Shares
No. of Shares held change
held at the
Category of Shareholders at the beginning of during
end of the
the year the
year
year

31
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

% of % of
Demat Physical Total Demat Physical Total
Total Total
Shares Shares

A. Promoters

(1) Indian

a) Individual/HUF NIL 3,484,000 3,484,000 72.58% NIL 3,584,000 3,584,000 74.67% NIL

b) Central Govt. or
NIL NIL NIL NIL NIL NIL NIL NIL NIL
State Govt.

c) Bodies Corporate NIL 1,316,000 1,316,000 27.42% NIL 1,216,000 1,216,000 25.33% NIL

d) Bank/FI NIL NIL NIL NIL NIL NIL NIL NIL NIL

e) Any other NIL NIL NIL NIL NIL NIL NIL NIL NIL

SUB TOTAL: (A) (1) NIL 4,800,000 4,800,000 100% NIL 4,800,000 4,800,000 100% NIL

(2) Foreign

a) NRI- Individuals NIL NIL NIL NIL NIL NIL NIL NIL NIL

b) Other Individuals NIL NIL NIL NIL NIL NIL NIL NIL NIL

c) Bodies Corp. NIL NIL NIL NIL NIL NIL NIL NIL NIL

d) Banks/FI NIL NIL NIL NIL NIL NIL NIL NIL NIL

e) Any other NIL NIL NIL NIL NIL NIL NIL NIL NIL

SUB TOTAL (A)(2) NIL NIL NIL NIL NIL NIL NIL NIL NIL

Total Shareholding of Promoter


NIL 4,800,000 4,800,000 100% NIL 4,800,000 4,800,000 100% NIL
(A)=(A) (1)+(A) (2)

B.NON PROMOTERS
SHAREHOLDING

(1) Institutions

a) Mutual Funds NIL NIL NIL NIL NIL NIL NIL NIL NIL

32
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

b) Banks/FI NIL NIL NIL NIL NIL NIL NIL NIL NIL

C) Centralgovt NIL NIL NIL NIL NIL NIL NIL NIL NIL

d) State Govt. NIL NIL NIL NIL NIL NIL NIL NIL NIL

e) Venture Capital Fund NIL NIL NIL NIL NIL NIL NIL NIL NIL

f) Insurance Companies NIL NIL NIL NIL NIL NIL NIL NIL NIL

g) FIIS NIL NIL NIL NIL NIL NIL NIL NIL NIL

h) Foreign Venture
NIL NIL NIL NIL NIL NIL NIL NIL NIL
Capital Funds

i) Others (specify) NIL NIL NIL NIL NIL NIL NIL NIL NIL

SUB TOTAL (B) (1): NIL NIL NIL NIL NIL NIL NIL NIL NIL

(2) Non Institutions

a) Bodies corporate NIL NIL NIL NIL NIL NIL NIL NIL NIL

i) Indian NIL NIL NIL NIL NIL NIL NIL NIL NIL

ii) Overseas NIL NIL NIL NIL NIL NIL NIL NIL NIL

b) Individuals

i) Individual shareholders holding


nominal share capital upto Rs.1 NIL NIL NIL NIL NIL NIL NIL NIL NIL
lakhs

ii) Individuals shareholders holding


nominal share capital in excess of NIL NIL NIL NIL NIL NIL NIL NIL NIL
Rs. 1 lakhs

c) Others (specify) NIL NIL NIL NIL NIL NIL NIL NIL NIL

SUB TOTAL (B) (2): NIL NIL NIL NIL NIL NIL NIL NIL NIL

Total Non Promoter Shareholding


NIL NIL NIL NIL NIL NIL NIL NIL NIL
(B)= (B) (1)+(B) (2)

C. Shares held by Custodian for


NIL NIL NIL NIL NIL NIL NIL NIL NIL
GDRs & ADRs

33
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Grand Total (A+B+C) NIL 4,800,000 4,800,000 100% NIL 4,800,000 4,800,000 100% NIL

(ii) Shareholding of Promoters:

Shareholding Share holding


Sl at the at the end of
Shareholders
beginning the
Name
No.
of the year year

%
change

In
share
No. of % of total %of Shares Pledged / No. of % of total %of Share Pledged
Shares of the encumbered to total Shares of the /encumbered to total
holding
Shares company shares Shares company shares
during

the
year

Sri Sanjay
1 1,934,000 40.29% NIL 1,934,000 40.29% NIL NIL
Gupta

Sri Hari
2 Prasad 1,550,000 32.29% NIL 1,650,000 34.38% NIL NIL
Sharma

M/s. AMS
3 Fashions Pvt 566,000 11.79% NIL 466,000 09.71% NIL NIL
Ltd

M/s. Sugan
4 Leasing Pvt 750,000 15.63% NIL 750,000 15.63% NIL NIL
Ltd

(iii) Change in Promoters Shareholding: None

Share holding at Cumulative


Sl. the beginning of Share holding

34
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

No. the Year during the year

% of total % of total
No. of Shares shares of the No of shares shares of the
company company

At the beginning of the year NIL NIL NIL NIL

Date wise increase/decrease in Promoters Share holding during the


year specifying the reasons for increase/decrease (e.g. NIL NIL NIL NIL
allotment/transfer/bonus/sweat equity etc)

At the end of the year NIL NIL NIL NIL

(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs): NONE

Increase/ Cumulative Share


Name of the
Sl. No. Shareholding Date Decrease in Reason holding during the year
Share holder
shareholding (01.04.16 to 31.3.17)

No of Shares at the beginning % of total % of total


(01.04.2016) / end of the year shares of the No of shares shares of the
(31.3.2017) company company

(v) Shareholding of Directors and Key Managerial Personnel:

Sl. Share holding at the


For Each of the Directors & KMP
No. beginning of the Year

% of total shares
1 Sri Sanjay Gupta No. of Shares
of the company

At the beginning of the year 1,934,000 40.29%

Date wise increase/decrease in Share holding during the year specifying the reasons for
NIL NIL
increase/decrease (e.g. allotment/ transfer/ bonus/sweat equity etc)

At the end of the year 1,934,000 40.29%

35
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

2 Sri Hari Prasad Sharma No. of Shares % of total shares


of the company

At the beginning of the year 1,550,000 32.29%

Date wise increase/decrease in Share holding during the year specifying the reasons for
100,000 2.08%
increase/decrease (e.g. allotment/ transfer/ bonus/sweat equity etc)

At the end of the year 1,650,000 34.38%

V. INDEBTEDNESS:

Indebtedness of the Company including interest outstanding/accrued but not due for payment

Unsecured Total
Secured Loans excluding deposits Deposits
Loans Indebtedness

Indebtedness at the beginning of the financial year

i) Principal Amount 14,36,31,307 1,64,00,000 NIL 16,00,31,307

ii) Interest due but not paid NIL NIL NIL NIL

iii) Interest accrued but not due NIL NIL NIL NIL

Total (i+ii+iii) 14,36,31,307 1,64,00,000 NIL 16,00,31,307

Change in Indebtedness during the financial year

36
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Additions 3,65,21,103 NIL NIL 36521103

Reduction 5,15,03,550 NIL NIL 51503550

Net Change 8,80,24,653 NIL NIL 88024653

Indebtedness at the end of the financial year NIL NIL NIL NIL

i) Principal Amount 12,86,48,860 1,64,00,000 NIL 14,50,48,860

ii) Interest due but not paid NIL 17,71,200 NIL NIL

iii) Interest accrued but not due NIL NIL NIL NIL

Total (i+ii+iii) 12,86,48,860 1,81,71,200 NIL 14,68,20,060

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:

A .Remuneration To Managing Director, Whole-Time Directors And/ Or Manager:

Name of the Total


Sl.No Particulars of Remuneration
MD/WTD/Manager Amount

1 Gross salary Rohit Kumar Sharma

(a) Salary as per provisions contained in section 17(1) of the Income Tax.
18,00,000 NIL NIL 18,00,000
1961.

(b) Value of perquisites u/s 17(2) of the Income tax Act, 1961 NIL NIL NIL NIL

(c ) Profits in lieu of salary under section 17(3) of the Income Tax Act, 1961 NIL NIL NIL NIL

2 Stock option NIL NIL NIL NIL

3 Sweat Equity NIL NIL NIL NIL

4 Commission as % of profit others (specify) NIL NIL NIL NIL

5 Others, please specify NIL NIL NIL NIL

37
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Total (A) 18,00,000 NIL NIL 18,00,000

Ceiling as per the Act NIL NIL NIL NIL

B. Remuneration To Other Directors:

Sl.No Particulars of Remuneration Name of the Director Total Amount

1 Independent Directors NIL NIL NIL NIL

(a) Fee for attending Board Committee Meetings NIL NIL NIL NIL

(b) Commission NIL NIL NIL NIL

(c ) Others, please specify NIL NIL NIL NIL

TOTAL (1) NIL NIL NIL NIL

2 Other Non-Executive Directors NIL NIL NIL NIL

(a) Fee for attending Board Committee Meetings NIL NIL NIL NIL

(b) Commission NIL NIL NIL NIL

(c ) Others, please specify NIL NIL NIL NIL

TOTAL (2) NIL NIL NIL NIL

Total (B)=(1+2) NIL NIL NIL NIL

Total Managerial Remuneration 18,00,000 NIL NIL 18,00,000

C. Remuneration To Key Managerial Personnel Other Than MD/Manager/WTD: NONE

38
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Key Managerial
Sl.No Particulars of Remuneration
Personnel

Company Total
CEO CFO
Secretary Amount

Gross salary
1 NIL NIL NIL NIL
(a) Salary as per provisions contained in section 17(1) of the Income
Tax. 1961.

(b) Value of perquisites u/s 17(2) of the Income tax Act, 1961 NIL NIL NIL NIL

(c ) Profits in lieu of salary under section 17(3) of the Income Tax Act,
NIL NIL NIL NIL
1961

2 Stock option NIL NIL NIL NIL

3 Sweat Equity NIL NIL NIL NIL

4 Commission as % of profit others (specify) NIL NIL NIL NIL

5 Others, please specify NIL NIL NIL NIL

Total (A) NIL NIL NIL NIL

Ceiling as per the Act NIL NIL NIL NIL

VII. PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES: NONE

39
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Details of
Section of the Brief Authority Appeal made if any
Type Penalty/Punishment/Compounding
Companies Act Description (RD/NCLT/Court) (give details)
fees imposed

A. COMPANY

Penalty Nil Nil Nil Nil Nil

Punishment Nil Nil Nil Nil Nil

Compounding Nil Nil Nil Nil Nil

B. DIRECTORS

Penalty Nil Nil Nil Nil Nil

Punishment Nil Nil Nil Nil Nil

Compounding Nil Nil Nil Nil Nil

C. OTHER OFFICERS
IN DEFAULT

Penalty Nil Nil Nil Nil Nil

Punishment Nil Nil Nil Nil Nil

Compounding Nil Nil Nil Nil Nil

40
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

On behalf of the Board,

Registered Office:

------------------------------

NH-8, JAIPUR-DELHI ROAD,

72KM MILESTONE FROM JAIPUR, Hari Prasad Sharma VILLAGE BHABHRU,


TEHSEEL VIRAT NAGAR DIRECTOR

JAIPUR, RAJASTHAN 303119 DIN: 00600853

Dated: 1st September, 2017

Annexure - II

Form No. AOC-2

(Pursuant to clause (h) of sub-section (3)of section 134 of the Act and Rule 8(2) of the Companies

(Accounts) Rules, 2014)

41
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of
section 188 of the Companies Act, 2013 including certain arms length transactions under third proviso thereto

1. Details of contracts or arrangements or transactions not at arms length basis: NONE

Sl. NAME OF THE RELATED NATURE OF NATURE OF AMOUNT PAID/ RECEIVED


No. PARTY RELATIONSHIP TRANSACTION 31.03.2017

------------NIL----------------

2. Details of material contracts or arrangement or transactions at arms length basis:

Sl. NAME OF THE RELATED NATURE OF NATURE OF AMOUNT PAID/ RECEIVED


No. PARTY RELATIONSHIP TRANSACTION 31.03.2015

1 ROHIT KUMAR SHARMA KMP REMUNERATION 18,00,000

2 SANJAY GUPTA KMP INTEREST 19,68,000

42
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

On behalf of the Board,

Registered Office:

------------------------------

NH-8, JAIPUR-DELHI ROAD,

72KM MILESTONE FROM JAIPUR, Hari Prasad Sharma VILLAGE BHABHRU,


TEHSEEL VIRAT NAGAR DIRECTOR

JAIPUR, RAJASTHAN 303119 DIN: 00600853

Dated: 1st September, 2017

Textual information (12)

Disclosure of statement on declaration given by independent directors under section 149(6) [Text Block]
Pursuant to the requirement clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, your Directors confirm that:

(a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to
material departures;

(b) The directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of
the company for that period;

(c) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions
of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

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

(e) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively.

43
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (13)

Disclosure for companies covered under section 178(1) on directors appointment and remuneration including
other matters provided under section 178(3) [Text Block]
Pursuant to the requirement clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, your Directors confirm that:

(a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to
material departures;

(b) The directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of
the company for that period;

(c) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions
of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

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

(e) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively.

44
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (14)

Disclosure of statement on development and implementation of risk management policy [Text Block]
Pursuant to the requirement clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, your Directors confirm that:

(a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to
material departures;

(b) The directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of
the company for that period;

(c) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions
of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

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

(e) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively.

45
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (15)

Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
Pursuant to the requirement clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, your Directors confirm that:

(a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to
material departures;

(b) The directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of
the company for that period;

(c) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions
of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

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

(e) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively.

46
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (16)

Disclosure of financial summary or highlights [Text Block]

Financial Year ended


Particulars

Standalone

31/03/2017 31/03/2016

Profit/(loss) before Tax (PBT) 2,66,80,128 5,49,854

Provision for Income Tax (including for earlier years) 1,30,01,742 389739

Deferred Tax (28,48,224) (11,66,84)

Net Profit/(Loss) After Tax (PAT) 1,65,26,610 2,76,799

Profit/(Loss) brought forward from previous year 1,63,32,366 1,60,55,567

Profit available for Appropriations 3,28,58,977 1,63,32,366

Appropriations Nil Nil

Profit/(Loss) carried to Balance Sheet 3,28,58,977 1,63,32,366

47
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (17)

Disclosure of change in nature of business [Text Block]

Financial Year ended


Particulars

Standalone

31/03/2017 31/03/2016

Profit/(loss) before Tax (PBT) 2,66,80,128 5,49,854

Provision for Income Tax (including for earlier years) 1,30,01,742 389739

Deferred Tax (28,48,224) (11,66,84)

Net Profit/(Loss) After Tax (PAT) 1,65,26,610 2,76,799

Profit/(Loss) brought forward from previous year 1,63,32,366 1,60,55,567

Profit available for Appropriations 3,28,58,977 1,63,32,366

Appropriations Nil Nil

Profit/(Loss) carried to Balance Sheet 3,28,58,977 1,63,32,366

Textual information (18)

Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
The internal financial controls with reference to the Financial Statements are commensurate with the size and nature of business of the
Company.

The Internal Audit Department monitors and evaluates the efficacy and adequacy of internal control system in the Company, its
compliance with operating systems, accounting procedures and policies at all locations of the Company and its subsidiaries. Based on the
report of internal audit function, process heads undertake corrective action in their respective areas and thereby strengthen the controls.
Significant audit observations and corrective actions thereon are presented to the Audit Committee of the Board.

48
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (19)

Disclosure of contents of corporate social responsibility policy [Text Block]


The internal financial controls with reference to the Financial Statements are commensurate with the size and nature of business of the
Company.

The Internal Audit Department monitors and evaluates the efficacy and adequacy of internal control system in the Company, its
compliance with operating systems, accounting procedures and policies at all locations of the Company and its subsidiaries. Based on the
report of internal audit function, process heads undertake corrective action in their respective areas and thereby strengthen the controls.
Significant audit observations and corrective actions thereon are presented to the Audit Committee of the Board.

Textual information (20)

Disclosure of composition of audit committee and non-acceptance of any recommendation of audit committee
along with reasons [Text Block]
The internal financial controls with reference to the Financial Statements are commensurate with the size and nature of business of the
Company.

The Internal Audit Department monitors and evaluates the efficacy and adequacy of internal control system in the Company, its
compliance with operating systems, accounting procedures and policies at all locations of the Company and its subsidiaries. Based on the
report of internal audit function, process heads undertake corrective action in their respective areas and thereby strengthen the controls.
Significant audit observations and corrective actions thereon are presented to the Audit Committee of the Board.

[400200] Disclosures - Auditors report

Details regarding auditors [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Auditors [Axis] 1
01/04/2016
to
31/03/2017
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
ASHOK KUMAR
Name of audit firm DUGGAR &
ASSOCIATES
ASHOK KUMAR
Name of auditor signing report DUGGAR
Firms registration number of audit firm 308027E
Membership number of auditor 013328
507, MARSHALL
HOUSE,33/1,
Address of auditors NETAJI SUBHAS
ROAD,
Permanent account number of auditor or auditor's firm AAIFA2371A
SRN of form ADT-1 S33050626
Date of signing audit report by auditors 01/09/2017
Date of signing of balance sheet by auditors 01/09/2017

49
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

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 Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark applicable
[Member] [Member]
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
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]
Textual information
Disclosure in auditors report relating to fixed assets (21) [See below]
Textual information
Disclosure in auditors report relating to inventories (22) [See below]
The company has
not granted any
loans or advances in
the nature of loans
to parties covered in
Disclosure in auditors report relating to loans the register
maintained under
section 189 of the
Companies Act,
2013.
The provisions of
Section 185 and 186
of the Companies
Act, 2013 have been
Disclosure in auditors report relating to compliance with Section 185 and 186 of
complied in respect
Companies Act, 2013 of loans,
investments,
guarantees and
security.
Textual information
Disclosure in auditors report relating to deposits accepted (23) [See below]
Textual information
Disclosure in auditors report relating to maintenance of cost records (24) [See below]
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (25) [See below]
Textual information
Disclosure in auditors report relating to default in repayment of financial dues (26) [See below]
Disclosure in auditors report relating to public offer and term loans used for Textual information
purpose for which those were raised (27) [See below]
Disclosure in auditors report relating to fraud by the company or on the Textual information
company by its officers or its employees reported during period (28) [See below]
The Company is a
private company
and therefore,
Section 197 read
with Schedule V of
Disclosure in auditors report relating to managerial remuneration the Companies Act,
2013 is not
applicable. Hence
comments on this
para are not made.
Textual information
Disclosure in auditors report relating to Nidhi Company (29) [See below]
Textual information
Disclosure in auditors report relating to transactions with related parties (30) [See below]
According to the
records of the
company, the
company has not
made any
preferential
Disclosure in auditors report relating to preferential allotment or private
allotment or private
placement of shares or convertible debentures placement of shares
or fully or partly
convertible
debentures during
the year under
review.

50
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

According to the
records of the
company, the
company has not
Disclosure in auditors report relating to non-cash transactions with directors entered into any
or persons connected with him non-cash
transactions with
directors or persons
connected with
them.
As per the
information and
explanations given
to us by the
management, the
Disclosure in auditors report relating to registration under section 45-IA of company is not an
Reserve Bank of India Act, 1934 NBFC and hence
not liable for
registration under
section 45-IA of the
Reserve Bank of
India Act, 1934.

Unless otherwise specified, all monetary values are in INR


01/04/2016
to
31/03/2017
Textual information (31)
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks

Textual information (21)

Disclosure in auditors report relating to fixed assets


(i) a) The company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets;
b) The fixed assets have been physically verified by the management at reasonable intervals and no material discrepancies were noticed on
such verification.The title deeds of immovable properties of the company held as fixed assets are held in the name of the company

Textual information (22)

Disclosure in auditors report relating to inventories


(i) The inventory has been physically verified during the year by the management. In our opinion, the frequency of verification is
reasonable. The discrepancies noticed on verification between the physical stocks and the book records were not material.

Textual information (23)

Disclosure in auditors report relating to deposits accepted


Based on our scrutiny of the company’s records and according to the information and explanations given to us, the Company has not
accepted any loans or deposits which are ‘deposits’ within the meaning of Rule 2(b) of the Companies (Acceptance of Deposits) Rules, 2014

Textual information (24)

Disclosure in auditors report relating to maintenance of cost records


We have been informed by the management, that the cost records required to be maintained under section 148 (1) of the Companies Act,
2013 as specified by the Central Government, are not applicable to the company.

51
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (25)

Disclosure in auditors report relating to statutory dues [Text Block]


a) According to the records of the company, the company is regular in depositing with appropriate authorities undisputed statutory dues
including provident fund, employees' state insurance, income-tax, service tax, cess and any other statutory dues applicable to it.

b) According to the information and explanations given to us, no undisputed amounts payable in respect of Income Tax, Service Tax and
Cess were outstanding, as at 31st March, 2017 for a period of more than six months from the date they became payable.

Textual information (26)

Disclosure in auditors report relating to default in repayment of financial dues


Based on our audit procedures and on the information and explanations given by the management, we are of the opinion that the company
has not defaulted in repayment of loans or borrowing to a financial institution, bank, government or dues to debenture holders.

Textual information (27)

Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
According to the records of the company, the company has not raised any moneys by way of Initial Public Offer or Further Public Offer. The
term loans have been applied for the purpose for which they were raised.

Textual information (28)

Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
Based upon the audit procedures performed and information and explanations given by the management, we report that no fraud on the
company by its officers or employees or any fraud by the company has been noticed or reported during the course of our audit.

Textual information (29)

Disclosure in auditors report relating to Nidhi Company


In our opinion, and to the best of our information and according to the explanations provided by the management, we are of the opinion that
the company is not a Nidhi hence, in our opinion; the requirements of Clause 3(xii) of the Order do not apply to the company.

Textual information (30)

Disclosure in auditors report relating to transactions with related parties


According to records of the company, all transactions with the related parties are in compliance with Sections 177 and 188 of Companies
Act, 2013 where applicable and the details have been disclosed in the Financial Statements, etc. as required by the accounting standards.

52
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (31)

Disclosure in auditor’s report explanatory [Text Block]


INDEPENDENT AUDITORS’ REPORT

TO THE MEMBERS OF SHREE SALASAR POLYFLEX PRIVATE LIMITED

Report on the Financial Statements

We have audited the accompanying financial statements of SHREE SALASAR POLYFLEX PRIVATE LIMITED (“The Company”) which
comprise the Balance Sheet as at 31st March, 2017 and the Statement of Profit and Loss and the Cash Flow Statement for the year then
ended, and a summary of the significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements

The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (“the Act”) with
respect to the preparation of these financial statements that give a true and fair view of the financial position and financial performance of the
Company in accordance with the Accounting Principles generally accepted in India, including the Accounting Standards specified under
Section 133 of the Act, as applicable.

This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding
the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate
accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of
adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records,
relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement,
whether due to fraud or error.

Auditors’ Responsibility

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

We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in
the audit report under the provisions of the Act and the rules made thereunder.

53
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

We conducted our audit in accordance with the Standards on Auditing specified under section 143(10) the Act. Those Standards require that
we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements
are free from material misstatement.

An Audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The
procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial
statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the
Company’s preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the
circumstances. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting
estimates made by the Company’s Directors, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the financial
statements.

ASHOK KUMAR DUGGAR & ASSOCIATES 507, Marshall House,

Chartered Accountants 33/1, Netaji Subhas Road,

Kolkata – 700 001

Phone: 2230 6238

4001 0811

Fax: 2230 3485

E-mail id: akduggar_co@rediffmail.com

Opinion

54
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the
information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles
generally accepted in India, of the state of affairs of the Company as at March 31, 2017 and its profit and cash flows for the year ended on
that date.

Report on Other Legal and Regulatory Requirements

1. As required by Section 143 (3) of the Act, we report that :

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

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

(c) The Balance Sheet and 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 aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, as
applicable.

(e) On the basis of the written representations received from the directors as on 31st March, 2017 taken on record by the Board of
Directors, none of the directors is disqualified as on 31st March, 2017 from being appointed as a director in terms of Section 164(2) of the
Act.

(f) With respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating effectiveness
of such controls, refer to our separate Report in “Annexure A”. Our report expresses an unmodified opinion on the adequacy and operating
effectiveness of the Company’s internal financial controls over financial reporting.

(g) With respect to the other matters to be included in the 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 to the explanations given to us:

i. The Company has disclosed the impact of pending litigations on its financial position in its financial statements
wherever applicable.

ii. The Company did not have any long-term contracts including derivate contracts for which there were any
material foreseeable losses.

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

iv. The Company has provided requisite disclosures in the financial statements as to holdings as well as dealings in
Specified Bank Notes during the period from 8th November, 2016 to 30th December, 2016. Based on audit procedures and relying on the
management representation we report that the disclosures are in accordance with books of account maintained by the Company and as
produced to us by the Management – Refer Note 32 to the financial statements.

2. As required by the Companies (Auditor’s Report) Order, 2016 (“the Order”) issued by the Central Government in terms of Section
143(11), of the Act, we give in “Annexure B” a statement on the matters specified in paragraphs 3 and 4 of the Order.

55
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

For Ashok Kumar Duggar & Associates

Firm Reg. No. 308027E

Chartered Accountants

A. K. Duggar

Partner

Kolkata, 1st September, 2017 Membership No. 013328

ASHOK KUMAR DUGGAR & ASSOCIATES 507, Marshall House,

Chartered Accountants 33/1, Netaji Subhas Road,

Kolkata – 700 001

Phone: 2230 6238

4001 0811

Fax: 2230 3485

E-mail id: akduggar_co@rediffmail.com

Annexure “A” to the Independent Auditors’ Report

Report on the Internal Financial Controls over Financial Reporting under Clause (i) of sub-section 3 of section 143 of the Companies Act,
2013 (“the Act”)

56
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

We have audited the internal financial controls over financial reporting of SHREE SALASAR POLYFLEX PRIVATE LIMITED (“the
Company”) as of March 31, 2017 in conjunction with our audit of the financial statements of the Company for the year ended on that date.

Management’s Responsibility for Internal Financial Controls

The Company’s management is responsible for establishing and maintaining internal financial controls based on the internal control over
financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note
on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India (‘ICAI’). These
responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for
ensuring the orderly and efficient conduct of its business, including adherence to company’s policies, the safeguarding of its assets, the
prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable
financial information, as required under the Companies Act, 2013.

Auditors’ Responsibility

Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting based on our audit. We
conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the “Guidance
Note”) and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the
extent applicable to an audit of internal financial controls. Those Standards and the Guidance Note require that we comply with ethical
requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial
reporting was established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial
reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an
understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and
evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the
auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company’s
internal financial controls system over financial reporting.

57
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

ASHOK KUMAR DUGGAR & ASSOCIATES 507, Marshall House,

Chartered Accountants 33/1, Netaji Subhas Road,

Kolkata – 700 001

Phone: 2230 6238

4001 0811

Fax: 2230 3485

E-mail id: akduggar_co@rediffmail.com

Meaning of Internal Financial Controls over Financial Reporting

A company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles. A company's internal financial control over financial reporting includes those policies and procedures that (1) pertain to the
maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company;
(2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with
generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with
authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection
of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper
management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any

58
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control
over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or
procedures may deteriorate.

Opinion

In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such
internal financial controls over financial reporting were operating effectively as at March 31, 2017, based on the internal control over
financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note
on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

For Ashok Kumar Duggar & Associates

Firm Reg. No. 308027E

Chartered Accountants

A. K. Duggar

Partner

Kolkata, 1st September, 2017 Membership No. 013328

59
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

ASHOK KUMAR DUGGAR & ASSOCIATES 507, Marshall House,

Chartered Accountants 33/1, Netaji Subhas Road,

Kolkata – 700 001

Phone: 2230 6238

4001 0811

Fax: 2230 3485

E-mail id: akduggar_co@rediffmail.com

Annexure B to the Auditor's Report

With reference to the Annexure B referred to in the Auditor’s Report to the members of the Company on the financial statements for the year
ended 31st March 2017, we report the following:

(i) a) The company has maintained proper records showing full particulars, including quantitative details

and situation of fixed assets;

b) The fixed assets have been physically verified by the management at reasonable intervals and no material discrepancies were noticed on
such verification.

c) The title deeds of immovable properties of the company held as fixed assets are held in the name of the company.

(ii) The inventory has been physically verified during the year by the management. In our opinion, the frequency of verification is

60
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

reasonable.

The discrepancies noticed on verification between the physical stocks and the book records were not material.

(iii) The company has not granted any loans or advances in the nature of loans to parties covered in the register maintained under section 189
of the Companies Act, 2013.

(iv) The provisions of Section 185 and 186 of the Companies Act, 2013 have been complied in respect of loans, investments, guarantees and
security.

(v) Based on our scrutiny of the company’s records and according to the information and explanations given to us, the Company has not
accepted any loans or deposits which are ‘deposits’ within the meaning of Rule 2(b) of the Companies (Acceptance of Deposits) Rules, 2014

(vi) We have been informed by the management, that the cost records required to be maintained under section 148 (1) of the Companies
Act, 2013 as specified by the Central Government, are not applicable to the company.

(vii) a) According to the records of the company, the company is regular in depositing with appropriate authorities undisputed statutory dues
including provident fund, employees' state insurance, income-tax, service tax, cess and any other statutory dues applicable to it.

b) According to the information and explanations given to us, no undisputed amounts payable in respect of Income Tax, Service Tax and
Cess were outstanding, as at 31st March, 2017 for a period of more than six months from the date they became payable.

(viii) Based on our audit procedures and on the information and explanations given by the management, we are of the opinion that the
company has not defaulted in repayment of loans or borrowing to a financial institution, bank, government or dues to debenture holders.

61
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

ASHOK KUMAR DUGGAR & ASSOCIATES 507, Marshall House,

Chartered Accountants 33/1, Netaji Subhas Road,

Kolkata – 700 001

Phone: 2230 6238

4001 0811

Fax: 2230 3485

E-mail id: akduggar_co@rediffmail.com

(ix) According to the records of the company, the company has not raised any moneys by way of Initial Public Offer or Further Public
Offer. The term loans have been applied for the purpose for which they were raised.

(x) Based upon the audit procedures performed and information and explanations given by the management, we report that no fraud on the
company by its officers or employees or any fraud by the company has been noticed or reported during the course of our audit.

(xi) The Company is a private company and therefore, Section 197 read with Schedule V of the Companies Act, 2013 is not applicable.
Hence comments on this para are not made.

(xii) In our opinion, and to the best of our information and according to the explanations provided by the management, we are of the
opinion that the company is not a Nidhi hence, in our opinion; the requirements of Clause 3(xii) of the Order do not apply to the company.

(xiii) According to records of the company, all transactions with the related parties are in compliance with Sections 177 and 188 of
Companies Act, 2013 where applicable and the details have been disclosed in the Financial Statements, etc. as required by the accounting
standards.

62
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

(xiv) According to the records of the company, the company has not made any preferential allotment or private placement of shares or fully
or partly convertible debentures during the year under review.

(xv) According to the records of the company, the company has not entered into any non-cash transactions with directors or persons
connected with them.

(xvi) As per the information and explanations given to us by the management, the company is not an NBFC and hence not liable for
registration under section 45-IA of the Reserve Bank of India Act, 1934.

For Ashok Kumar Duggar & Associates

Firm Reg. No. 308027E

Chartered Accountants

A. K. Duggar

Partner

Kolkata, 1st September, 2017

[400500] Disclosures - Secretarial audit report


Unless otherwise specified, all monetary values are in INR
01/04/2016
to
31/03/2017
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No

63
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

[100100] Balance sheet


Unless otherwise specified, all monetary values are in INR
31/03/2017 31/03/2016
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 4,80,00,000 4,80,00,000
Reserves and surplus 14,13,58,976 12,48,32,366
Total shareholders' funds 18,93,58,976 17,28,32,366
Share application money pending allotment 0 0
Non-current liabilities [Abstract]
Long-term borrowings 1,81,71,200 7,39,02,216
Deferred tax liabilities (net) 38,10,508 66,58,732
Other long-term liabilities 0 0
Long-term provisions 0 0
Total non-current liabilities 2,19,81,708 8,05,60,948
Current liabilities [Abstract]
Short-term borrowings 7,25,38,799 3,60,17,696
Trade payables 4,99,73,090 3,47,07,531
Other current liabilities 6,78,41,283 5,57,23,339
Short-term provisions 1,03,55,915 17,48,454
Total current liabilities 20,07,09,087 12,81,97,020
Total equity and liabilities 41,20,49,771 38,15,90,334
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 21,04,81,462 24,29,74,714
Intangible assets 0 0
Total fixed assets 21,04,81,462 24,29,74,714
Non-current investments 0 0
Long-term loans and advances 85,41,963 1,05,59,770
Other non-current assets 0 41,99,563
Total non-current assets 21,90,23,425 25,77,34,047
Current assets [Abstract]
Current investments 0 0
Inventories 11,77,63,958 7,87,56,058
Trade receivables 5,83,99,039 3,18,52,207
Cash and bank balances 43,72,240 47,78,771
Short-term loans and advances 37,55,428 16,38,474
Other current assets 87,35,681 68,30,777
Total current assets 19,30,26,346 12,38,56,287
Total assets 41,20,49,771 38,15,90,334

[400300] Disclosures - Signatories of financial statements

Details of directors signing financial statements [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Directors signing financial statements [Axis] 1 2
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director SANJAY HARI
Middle name of director PRASAD
Last name of director GUPTA SHARMA
Designation of director Director Director
Director identification number of director 00553204 00600853
Date of signing of financial statements by director 01/09/2017 01/09/2017

64
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

[100400] Cash flow statement, indirect


Unless otherwise specified, all monetary values are in INR
01/04/2016 01/04/2015
to to 31/03/2015
31/03/2017 31/03/2016
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax 2,66,80,128 5,49,854
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 1,48,35,024 2,63,58,727
Adjustments for depreciation and amortisation expense 3,45,36,465 4,31,88,840
Other adjustments for non-cash items -32,540 0
Total adjustments to profit (loss) 4,93,38,949 6,95,47,567
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories -3,90,07,901 -40,69,848
Adjustments for decrease (increase) in trade receivables -2,65,46,832 -81,02,187
Adjustments for decrease (increase) in other current assets 22,94,659 -14,36,713
Adjustments for increase (decrease) in trade payables 1,52,65,559 -1,05,11,428
Adjustments for increase (decrease) in other current liabilities 1,21,17,943 1,26,71,990
Adjustments for provisions 86,07,461 -28,47,107
Total adjustments for working capital -2,72,69,111 -1,42,95,293
Total adjustments for reconcile profit (loss) 2,20,69,838 5,52,52,274
Net cash flows from (used in) operations 4,87,49,966 5,58,02,128
Interest received -8,91,300 -16,48,704
Income taxes paid (refund) 1,30,01,742 3,89,739
Net cash flows from (used in) operating activities before extraordinary
3,48,56,924 5,37,63,685
items
Net cash flows from (used in) operating activities 3,48,56,924 5,37,63,685
Cash flows from used in investing activities [Abstract]
Proceeds from sales of tangible assets 2,50,000 0
Purchase of tangible assets 22,60,673 52,30,880
Cash advances and loans made to other parties 99,147 1,62,923
Interest received 8,91,300 16,48,704
Net cash flows from (used in) investing activities before extraordinary
-12,18,520 -37,45,099
items
Net cash flows from (used in) investing activities -12,18,520 -37,45,099
Cash flows from used in financing activities [Abstract]
Proceeds from borrowings 3,65,21,106 3,09,92,536
Repayments of borrowings 5,57,31,016 5,80,27,856
Interest paid 1,48,35,024 2,63,58,727
Net cash flows from (used in) financing activities before extraordinary
-3,40,44,934 -5,33,94,047
items
Net cash flows from (used in) financing activities -3,40,44,934 -5,33,94,047
Net increase (decrease) in cash and cash equivalents before effect of
-4,06,530 -33,75,461
exchange rate changes
Net increase (decrease) in cash and cash equivalents -4,06,530 -33,75,461
Cash and cash equivalents cash flow statement at end of period 43,72,240 47,78,771 81,54,231

[200100] Notes - Share capital

Disclosure of shareholding more than five per cent in company [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Classes of share capital [Axis] Equity shares [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Number of shares held in company [shares] 19,34,000 [shares] 19,34,000 [shares] 16,50,000 [shares] 15,50,000

65
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of shareholding more than five per cent in company [Table] ..(2)
Unless otherwise specified, all monetary values are in INR
Classes of share capital [Axis] Equity shares [Member]
Name of shareholder [Axis] Shareholder 3 [Member] Shareholder 4 [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Number of shares held in company [shares] 4,66,000 [shares] 5,66,000 [shares] 7,50,000 [shares] 7,50,000

Disclosure of shareholding more than five per cent in company [Table] ..(3)
Unless otherwise specified, all monetary values are in INR
Classes of share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
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
HARI PRASAD HARI PRASAD
Name of shareholder SANJAY GUPTA SANJAY GUPTA
SHARMA SHARMA
PAN of shareholder AECPG2821D AECPG2821D ALQPS4877E ALQPS4877E
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
shareholder
Number of shares held in company [shares] 19,34,000 [shares] 19,34,000 [shares] 16,50,000 [shares] 15,50,000
Percentage of shareholding in company 40.29% 40.29% 34.38% 32.29%

Disclosure of shareholding more than five per cent in company [Table] ..(4)
Unless otherwise specified, all monetary values are in INR
Classes of share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 3 [Member] Shareholder 4 [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
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
M/S. AMS FASHIONS M/S. AMS FASHIONS M/S. SUGAN LEASING M/S. SUGAN LEASING
Name of shareholder PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED PRIVATE LIMITED
CIN of shareholder U18100WB1994PTC066915 U18100WB1994PTC066915 U65991WB1989PTC131409 U65991WB1989PTC131409
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
shareholder
Number of shares held in
[shares] 4,66,000 [shares] 5,66,000 [shares] 7,50,000 [shares] 7,50,000
company
Percentage of shareholding in
9.71% 11.79% 15.63% 15.63%
company

66
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

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


Unless otherwise specified, all monetary values are in INR
Classes of share capital [Axis] Share capital [Member] Equity shares [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 50,00,000 [shares] 50,00,000 [shares] 50,00,000 [shares] 50,00,000
Value of shares authorised 5,00,00,000 5,00,00,000 5,00,00,000 5,00,00,000
Number of shares issued [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000
Value of shares issued 4,80,00,000 4,80,00,000 4,80,00,000 4,80,00,000
Number of shares subscribed and fully paid [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000
Value of shares subscribed and fully paid 4,80,00,000 4,80,00,000 4,80,00,000 4,80,00,000
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] 48,00,000 [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000
Total value of shares subscribed 4,80,00,000 4,80,00,000 4,80,00,000 4,80,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000
Value of shares called 4,80,00,000 4,80,00,000 4,80,00,000 4,80,00,000
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
0 0 0 0
officers
Calls unpaid by others 0 0 0 0
Total calls unpaid 0 0 0 0
Forfeited shares 0 0 0 0
Forfeited shares reissued 0 0 0 0
Value of shares paid-up 4,80,00,000 4,80,00,000 4,80,00,000 4,80,00,000
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] 0 [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
[shares] 0 [shares] 0 [shares] 0 [shares] 0
debentures preference shares during
period
Number of shares issued in other private
[shares] 0 [shares] 0 [shares] 0 [shares] 0
placement
Number of shares issued as preferential
allotment arising out of conversion of
[shares] 0 [shares] 0 [shares] 0 [shares] 0
debentures preference shares during
period
Number of shares issued as other
[shares] 0 [shares] 0 [shares] 0 [shares] 0
preferential allotment
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
[shares] 0 [shares] 0 [shares] 0 [shares] 0
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
[shares] 0 [shares] 0 [shares] 0 [shares] 0
stock option plan
Number of other issue of shares
arising out of conversion of [shares] 0 [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
[shares] 0 [shares] 0 [shares] 0 [shares] 0
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] 0 [shares] 0 [shares] 0 [shares] 0

67
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Total decrease in number of shares during


[shares] 0 [shares] 0 [shares] 0 [shares] 0
period
Total increase (decrease) in number of
[shares] 0 [shares] 0 [shares] 0 [shares] 0
shares outstanding
Number of shares outstanding at end of period [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000 [shares] 48,00,000
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 0 0 0
Amount of private placement issue
arising out of conversion of debentures 0 0 0 0
preference shares during period
Amount of other private placement issue
0 0 0 0
during period
Amount of preferential allotment issue
arising out of conversion of debentures 0 0 0 0
preference shares during period
Amount of other preferential allotment
0 0 0 0
issue during period
Amount of issue allotted for
contracts without payment 0 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0 0
amalgamation during period
Amount of other issues during period 0 0 0 0
Amount of employee stock option plan
0 0 0 0
issued during period
Amount of other issue arising out of
conversion of securities during 0 0 0 0
period
Total aggregate amount of increase in
0 0 0 0
share capital during period
Decrease in share capital during period
[Abstract]
Decrease in amount of shares bought back 0 0 0 0
Other decrease in amount of shares 0 0 0 0
Total decrease in share capital during
0 0 0 0
period
Total increase (decrease) in share capital 0 0 0 0
Share capital at end of period 4,80,00,000 4,80,00,000 4,80,00,000 4,80,00,000
Rights preferences and restrictions attaching Textual information Textual information Textual information Textual information
to class of share capital (32) [See below] (33) [See below] (34) [See below] (35) [See below]
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
[shares] 0 [shares] 0 [shares] 0 [shares] 0
company
Shares in company held by subsidiaries of its
[shares] 0 [shares] 0 [shares] 0 [shares] 0
holding company
Shares in company held by subsidiaries of its
[shares] 0 [shares] 0 [shares] 0 [shares] 0
ultimate holding company
Shares in company held by associates of its
[shares] 0 [shares] 0 [shares] 0 [shares] 0
holding company
Shares in company held by associates of its
[shares] 0 [shares] 0 [shares] 0 [shares] 0
ultimate holding company
Total shares in company held by holding company
or ultimate holding company or by its [shares] 0 [shares] 0 [shares] 0 [shares] 0
subsidiaries or associates
Shares reserved for issue under options
and contracts or commitments for sale of [shares] 0 [shares] 0 [shares] 0 [shares] 0
shares or disinvestment
Amount of shares reserved for issue under options
and contracts or commitments for sale of shares or 0 0 0 0
disinvestment
Aggregate number of fully paid-up shares issued
pursuant to contracts without payment being [shares] 0 [shares] 0 [shares] 0 [shares] 0
received in cash during last five years
Aggregate number of fully paid-up shares
issued by way of bonus shares during last [shares] 0 [shares] 0 [shares] 0 [shares] 0
five years

68
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Aggregate number of shares bought back during


[shares] 0 [shares] 0 [shares] 0 [shares] 0
last five years
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]
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 0 0 0 0
refund, principal
Application money received for
allotment of securities and due for 0 0 0 0
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0 0
and interest accrued thereon
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

69
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

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


Unless otherwise specified, all monetary values are in INR
Classes of share capital [Axis] Equity shares 1 [Member]
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Type of share Equity Equity
Number of shares authorised [shares] 50,00,000 [shares] 50,00,000
Value of shares authorised 5,00,00,000 5,00,00,000
Number of shares issued [shares] 48,00,000 [shares] 48,00,000
Value of shares issued 4,80,00,000 4,80,00,000
Number of shares subscribed and fully paid [shares] 48,00,000 [shares] 48,00,000
Value of shares subscribed and fully paid 4,80,00,000 4,80,00,000
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] 48,00,000 [shares] 48,00,000
Total value of shares subscribed 4,80,00,000 4,80,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 48,00,000 [shares] 48,00,000
Value of shares called 4,80,00,000 4,80,00,000
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 0 0
Total calls unpaid 0 0
Forfeited shares 0 0
Forfeited shares reissued 0 0
Value of shares paid-up 4,80,00,000 4,80,00,000
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0
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] 0
Number of shares issued in private placement arising out of conversion
[shares] 0 [shares] 0
of debentures preference shares during period
Number of shares issued in other private placement [shares] 0 [shares] 0
Number of shares issued as preferential allotment arising out of
[shares] 0 [shares] 0
conversion of debentures preference shares during period
Number of shares issued as other 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 issued under employee stock option plan [shares] 0 [shares] 0
Number of other issue of shares arising out of conversion of securities [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0 [shares] 0
Decrease in number of shares during period [Abstract]
Number of shares bought back [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0
Number of shares outstanding at end of period [shares] 48,00,000 [shares] 48,00,000
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 0
Amount of private placement issue arising out of conversion of
0 0
debentures preference shares during period
Amount of other private placement issue during period 0 0

70
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Amount of preferential allotment issue arising out of conversion of


0 0
debentures preference shares during period
Amount of other preferential allotment issue during period 0 0
Amount of issue allotted for contracts without payment received in cash
0 0
during period
Amount of issue under scheme of amalgamation during period 0 0
Amount of other issues during period 0 0
Amount of employee stock option plan issued during period 0 0
Amount of other issue arising out of conversion of securities during period 0 0
Total aggregate amount of increase in share capital during period 0 0
Decrease in share capital during period [Abstract]
Decrease in amount of shares bought back 0 0
Other decrease in amount of shares 0 0
Total decrease in share capital during period 0 0
Total increase (decrease) in share capital 0 0
Share capital at end of period 4,80,00,000 4,80,00,000
Textual information Textual information
Rights preferences and restrictions attaching to class of share capital (36) [See below] (37) [See below]
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
[shares] 0 [shares] 0
or by its subsidiaries or associates
Shares reserved for issue under options and contracts or commitments for sale of
[shares] 0 [shares] 0
shares or disinvestment
Amount of shares reserved for issue under options and contracts or commitments
0 0
for sale of shares or disinvestment
Aggregate number of fully paid-up shares issued pursuant to contracts
[shares] 0 [shares] 0
without payment being received in cash during last five years
Aggregate number of fully paid-up shares issued by way of bonus shares during last
[shares] 0 [shares] 0
five years
Aggregate number of shares bought back during last five years [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,
0 0
principal
Application money received for allotment of securities and due for refund,
0 0
interest accrued
Total application money received for allotment of securities and due for
0 0
refund and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0

Unless otherwise specified, all monetary values are in INR


01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Whether reduction in capital done during year No No
Whether money raised from public offering during year No No

Textual information (32)

Rights preferences and restrictions attaching to class of share capital


THE COMPANY HAS ONLY ONE CLASS OF EQUITY SHARES HAVING A PAR VALUE OF RS. 10 PER SHARE. EACH
SHAREHOLDER IS ENTITLED TO ONE VOTE PER SHARE HELD. ANY SHAREHOLDER WHOSE NAME IS ENTERED IN THE
REGISTER OF MEMBERS OF THE COMPANY SHALL ENJOY THE SAME RIGHTS AND BE SUBJECT TO THE SAME
LIABILITIES AS ALL OTHER SHAREHOLDERS OF THE SAME CLASS. IN THE EVENT OF LIQUIDATION, THE EQUITY
SHAREHOLDERS ARE ELIGIBLE TO RECEIVE THE REMAINING ASSETS OF THE COMPANY AFTER DISTRIBUTION OF ALL
PREFERENTIAL AMOUNTS, IN PROPORTION TO THEIR SHAREHOLDING.

71
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (33)

Rights preferences and restrictions attaching to class of share capital


THE COMPANY HAS ONLY ONE CLASS OF EQUITY SHARES HAVING A PAR VALUE OF RS. 10 PER SHARE. EACH
SHAREHOLDER IS ENTITLED TO ONE VOTE PER SHARE HELD. ANY SHAREHOLDER WHOSE NAME IS ENTERED IN THE
REGISTER OF MEMBERS OF THE COMPANY SHALL ENJOY THE SAME RIGHTS AND BE SUBJECT TO THE SAME
LIABILITIES AS ALL OTHER SHAREHOLDERS OF THE SAME CLASS. IN THE EVENT OF LIQUIDATION, THE EQUITY
SHAREHOLDERS ARE ELIGIBLE TO RECEIVE THE REMAINING ASSETS OF THE COMPANY AFTER DISTRIBUTION OF ALL
PREFERENTIAL AMOUNTS, IN PROPORTION TO THEIR SHAREHOLDING.

Textual information (34)

Rights preferences and restrictions attaching to class of share capital


THE COMPANY HAS ONLY ONE CLASS OF EQUITY SHARES HAVING A PAR VALUE OF RS. 10 PER SHARE. EACH
SHAREHOLDER IS ENTITLED TO ONE VOTE PER SHARE HELD. ANY SHAREHOLDER WHOSE NAME IS ENTERED IN THE
REGISTER OF MEMBERS OF THE COMPANY SHALL ENJOY THE SAME RIGHTS AND BE SUBJECT TO THE SAME
LIABILITIES AS ALL OTHER SHAREHOLDERS OF THE SAME CLASS. IN THE EVENT OF LIQUIDATION, THE EQUITY
SHAREHOLDERS ARE ELIGIBLE TO RECEIVE THE REMAINING ASSETS OF THE COMPANY AFTER DISTRIBUTION OF ALL
PREFERENTIAL AMOUNTS, IN PROPORTION TO THEIR SHAREHOLDING.

Textual information (35)

Rights preferences and restrictions attaching to class of share capital


THE COMPANY HAS ONLY ONE CLASS OF EQUITY SHARES HAVING A PAR VALUE OF RS. 10 PER SHARE. EACH
SHAREHOLDER IS ENTITLED TO ONE VOTE PER SHARE HELD. ANY SHAREHOLDER WHOSE NAME IS ENTERED IN THE
REGISTER OF MEMBERS OF THE COMPANY SHALL ENJOY THE SAME RIGHTS AND BE SUBJECT TO THE SAME
LIABILITIES AS ALL OTHER SHAREHOLDERS OF THE SAME CLASS. IN THE EVENT OF LIQUIDATION, THE EQUITY
SHAREHOLDERS ARE ELIGIBLE TO RECEIVE THE REMAINING ASSETS OF THE COMPANY AFTER DISTRIBUTION OF ALL
PREFERENTIAL AMOUNTS, IN PROPORTION TO THEIR SHAREHOLDING.

Textual information (36)

Rights preferences and restrictions attaching to class of share capital


THE COMPANY HAS ONLY ONE CLASS OF EQUITY SHARES HAVING A PAR VALUE OF RS. 10 PER SHARE. EACH
SHAREHOLDER IS ENTITLED TO ONE VOTE PER SHARE HELD. ANY SHAREHOLDER WHOSE NAME IS ENTERED IN THE
REGISTER OF MEMBERS OF THE COMPANY SHALL ENJOY THE SAME RIGHTS AND BE SUBJECT TO THE SAME
LIABILITIES AS ALL OTHER SHAREHOLDERS OF THE SAME CLASS. IN THE EVENT OF LIQUIDATION, THE EQUITY
SHAREHOLDERS ARE ELIGIBLE TO RECEIVE THE REMAINING ASSETS OF THE COMPANY AFTER DISTRIBUTION OF ALL
PREFERENTIAL AMOUNTS, IN PROPORTION TO THEIR SHAREHOLDING.

Textual information (37)

Rights preferences and restrictions attaching to class of share capital


THE COMPANY HAS ONLY ONE CLASS OF EQUITY SHARES HAVING A PAR VALUE OF RS. 10 PER SHARE. EACH
SHAREHOLDER IS ENTITLED TO ONE VOTE PER SHARE HELD. ANY SHAREHOLDER WHOSE NAME IS ENTERED IN THE
REGISTER OF MEMBERS OF THE COMPANY SHALL ENJOY THE SAME RIGHTS AND BE SUBJECT TO THE SAME
LIABILITIES AS ALL OTHER SHAREHOLDERS OF THE SAME CLASS. IN THE EVENT OF LIQUIDATION, THE EQUITY
SHAREHOLDERS ARE ELIGIBLE TO RECEIVE THE REMAINING ASSETS OF THE COMPANY AFTER DISTRIBUTION OF ALL
PREFERENTIAL AMOUNTS, IN PROPORTION TO THEIR SHAREHOLDING.

72
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

[200200] Notes - Reserves and surplus

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


Unless otherwise specified, all monetary values are in INR
Components of reserves [Axis] Reserves [Member] Securities premium account [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 1,65,26,610 2,76,799 0 0
Total additions to reserves 1,65,26,610 2,76,799
Total changes in reserves 1,65,26,610 2,76,799 0 0
Reserves at end of period 14,13,58,976 12,48,32,366 10,85,00,000 10,85,00,000

Statement of changes in reserves [Table] ..(2)


Unless otherwise specified, all monetary values are in INR
Securities
Components of reserves [Axis] premium account Surplus [Member]
[Member]
01/04/2016 01/04/2015
31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 1,65,26,610 2,76,799
Total additions to reserves 1,65,26,610 2,76,799
Total changes in reserves 1,65,26,610 2,76,799
Reserves at end of period 10,85,00,000 3,28,58,976 1,63,32,366 1,60,55,567

[200300] Notes - Borrowings

Classification of borrowings [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Classification based on time period [Axis] Long-term [Member]
Classification of borrowings [Axis] Borrowings [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 0 5,75,02,216 1,81,71,200 1,64,00,000

Classification of borrowings [Table] ..(2)


Unless otherwise specified, all monetary values are in INR
Classification based on time period [Axis] Long-term [Member]
Classification of borrowings [Axis] Term loans [Member] Term loans from banks [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 0 5,75,02,216 0 5,75,02,216

73
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Classification of borrowings [Table] ..(3)


Unless otherwise specified, all monetary values are in INR
Classification based on time period [Axis] Long-term [Member]
Rupee term loans from banks Loans and advances from related
Classification of borrowings [Axis]
[Member] parties [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 0 5,75,02,216 1,81,71,200 1,64,00,000

Classification of borrowings [Table] ..(4)


Unless otherwise specified, all monetary values are in INR
Classification based on time period [Axis] Long-term [Member] Short-term [Member]
Loans and advances from directors
Classification of borrowings [Axis] Borrowings [Member]
[Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Secured borrowings [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 1,81,71,200 1,64,00,000 7,25,38,799 3,60,17,696

Classification of borrowings [Table] ..(5)


Unless otherwise specified, all monetary values are in INR
Classification based on time period [Axis] Short-term [Member]
Working capital loans from banks
Classification of borrowings [Axis]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member]
31/03/2017 31/03/2016
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 7,25,38,799 3,60,17,696

Unless otherwise specified, all monetary values are in INR


01/04/2016
to
31/03/2017
Textual information (38)
Disclosure of notes on borrowings explanatory [TextBlock] [See below]

Textual information (38)

Disclosure of notes on borrowings explanatory [Text Block]


7. Borrowing Costs

8.1 Interest and other borrowing costs incurred by the company in connection with the borrowing of funds is recognized as an expense
in the period in which incurred unless directly attributable to the acquisition or production or construction of the qualifying asset. A
qualifying asset is one that necessarily takes substantial period of time to get ready for its intended use.

74
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

[201000] Notes - Tangible assets

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


Unless otherwise specified, all monetary values are in INR
Classes 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 Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 22,60,673 0 22,60,673 0
assets
Depreciation tangible assets -3,45,36,465 0 3,45,36,465 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
2,17,460 0 7,71,705 0 5,54,245 0
others
Total disposals tangible
2,17,460 0 7,71,705 0 5,54,245 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-3,24,93,252 0 14,88,968 0 3,39,82,220 0
assets
Tangible assets at end of period 21,04,81,462 24,29,74,714 40,47,64,463 40,32,75,495 19,42,83,001 16,03,00,781

75
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(2)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 22,60,673 0 22,60,673 0
assets
Depreciation tangible assets -3,45,36,465 0 3,45,36,465 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
2,17,460 0 7,71,705 0 5,54,245 0
others
Total disposals tangible
2,17,460 0 7,71,705 0 5,54,245 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-3,24,93,252 0 14,88,968 0 3,39,82,220 0
assets
Tangible assets at end of period 21,04,81,462 24,29,74,714 40,47,64,463 40,32,75,495 19,42,83,001 16,03,00,781

76
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(3)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Land [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 11,00,000 0 11,00,000 0
assets
Depreciation tangible assets 0 0 0 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 0 0 0 0 0
others
Total disposals tangible
0 0 0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
11,00,000 0 11,00,000 0 0 0
assets
Tangible assets at end of period 3,21,36,367 3,10,36,367 3,21,36,367 3,10,36,367 0 0

77
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(4)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Land [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 11,00,000 0 11,00,000 0
assets
Depreciation tangible assets 0 0 0 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 0 0 0 0 0
others
Total disposals tangible
0 0 0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
11,00,000 0 11,00,000 0 0 0
assets
Tangible assets at end of period 3,21,36,367 3,10,36,367 3,21,36,367 3,10,36,367 0 0

78
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(5)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Buildings [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 0 0 0 0
assets
Depreciation tangible assets -74,92,756 0 74,92,756 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 0 0 0 0 0
others
Total disposals tangible
0 0 0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-74,92,756 0 0 0 74,92,756 0
assets
Tangible assets at end of period 7,08,14,850 7,83,07,606 11,38,41,737 11,38,41,737 4,30,26,887 3,55,34,131

79
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(6)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Buildings [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 0 0 0 0
assets
Depreciation tangible assets -74,92,756 0 74,92,756 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 0 0 0 0 0
others
Total disposals tangible
0 0 0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-74,92,756 0 0 0 74,92,756 0
assets
Tangible assets at end of period 7,08,14,850 7,83,07,606 11,38,41,737 11,38,41,737 4,30,26,887 3,55,34,131

80
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(7)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Factory building [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 0 0 0 0
assets
Depreciation tangible assets -74,92,756 0 74,92,756 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 0 0 0 0 0
others
Total disposals tangible
0 0 0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-74,92,756 0 0 0 74,92,756 0
assets
Tangible assets at end of period 7,08,14,850 7,83,07,606 11,38,41,737 11,38,41,737 4,30,26,887 3,55,34,131

81
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(8)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Factory building [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 0 0 0 0
assets
Depreciation tangible assets -74,92,756 0 74,92,756 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 0 0 0 0 0
others
Total disposals tangible
0 0 0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-74,92,756 0 0 0 74,92,756 0
assets
Tangible assets at end of period 7,08,14,850 7,83,07,606 11,38,41,737 11,38,41,737 4,30,26,887 3,55,34,131

82
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(9)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Plant and equipment [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 4,39,732 0 4,39,732 0
assets
Depreciation tangible assets -2,09,80,591 0 2,09,80,591 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 0 0 0 0 0
others
Total disposals tangible
0 0 0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-2,05,40,859 0 4,39,732 0 2,09,80,591 0
assets
Tangible assets at end of period 9,15,72,408 11,21,13,267 20,58,43,438 20,54,03,706 11,42,71,030 9,32,90,439

83
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(10)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Plant and equipment [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 4,39,732 0 4,39,732 0
assets
Depreciation tangible assets -2,09,80,591 0 2,09,80,591 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 0 0 0 0 0
others
Total disposals tangible
0 0 0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-2,05,40,859 0 4,39,732 0 2,09,80,591 0
assets
Tangible assets at end of period 9,15,72,408 11,21,13,267 20,58,43,438 20,54,03,706 11,42,71,030 9,32,90,439

84
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(11)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Furniture and fixtures [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 22,990 0 22,990 0
assets
Depreciation tangible assets -1,09,167 0 1,09,167 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 0 0 0 0 0
others
Total disposals tangible
0 0 0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-86,177 0 22,990 0 1,09,167 0
assets
Tangible assets at end of period 3,00,234 3,86,411 10,28,560 10,05,570 7,28,326 6,19,159

85
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(12)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Furniture and fixtures [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 22,990 0 22,990 0
assets
Depreciation tangible assets -1,09,167 0 1,09,167 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 0 0 0 0 0
others
Total disposals tangible
0 0 0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-86,177 0 22,990 0 1,09,167 0
assets
Tangible assets at end of period 3,00,234 3,86,411 10,28,560 10,05,570 7,28,326 6,19,159

86
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(13)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Vehicles [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 6,97,951 0 6,97,951 0
assets
Depreciation tangible assets -4,25,984 0 4,25,984 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
2,17,460 0 7,71,705 0 5,54,245 0
others
Total disposals tangible
2,17,460 0 7,71,705 0 5,54,245 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
54,507 0 -73,754 0 -1,28,261 0
assets
Tangible assets at end of period 14,72,960 14,18,453 40,40,100 41,13,854 25,67,140 26,95,401

87
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(14)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Vehicles [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 6,97,951 0 6,97,951 0
assets
Depreciation tangible assets -4,25,984 0 4,25,984 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
2,17,460 0 7,71,705 0 5,54,245 0
others
Total disposals tangible
2,17,460 0 7,71,705 0 5,54,245 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
54,507 0 -73,754 0 -1,28,261 0
assets
Tangible assets at end of period 14,72,960 14,18,453 40,40,100 41,13,854 25,67,140 26,95,401

88
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(15)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Motor vehicles [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 6,97,951 0 6,97,951 0
assets
Depreciation tangible assets -4,25,984 0 4,25,984 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
2,17,460 0 7,71,705 0 5,54,245 0
others
Total disposals tangible
2,17,460 0 7,71,705 0 5,54,245 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
54,507 0 -73,754 0 -1,28,261 0
assets
Tangible assets at end of period 14,72,960 14,18,453 40,40,100 41,13,854 25,67,140 26,95,401

89
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(16)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Motor vehicles [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 6,97,951 0 6,97,951 0
assets
Depreciation tangible assets -4,25,984 0 4,25,984 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
2,17,460 0 7,71,705 0 5,54,245 0
others
Total disposals tangible
2,17,460 0 7,71,705 0 5,54,245 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
54,507 0 -73,754 0 -1,28,261 0
assets
Tangible assets at end of period 14,72,960 14,18,453 40,40,100 41,13,854 25,67,140 26,95,401

90
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(17)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Computer equipments [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 0 0 0 0
assets
Depreciation tangible assets -93,012 0 93,012 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 0 0 0 0 0
others
Total disposals tangible
0 0 0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-93,012 0 0 0 93,012 0
assets
Tangible assets at end of period 1,38,618 2,31,630 14,38,478 14,38,478 12,99,860 12,06,848

91
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(18)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Computer equipments [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 0 0 0 0
assets
Depreciation tangible assets -93,012 0 93,012 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 0 0 0 0 0
others
Total disposals tangible
0 0 0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-93,012 0 0 0 93,012 0
assets
Tangible assets at end of period 1,38,618 2,31,630 14,38,478 14,38,478 12,99,860 12,06,848

92
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(19)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Other tangible assets [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 0 0 0 0
assets
Depreciation tangible assets -54,34,955 0 54,34,955 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 0 0 0 0 0
others
Total disposals tangible
0 0 0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-54,34,955 0 0 0 54,34,955 0
assets
Tangible assets at end of period 1,40,46,025 1,94,80,980 4,64,35,783 4,64,35,783 3,23,89,758 2,69,54,803

93
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(20)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Other tangible assets [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 0 0 0 0
assets
Depreciation tangible assets -54,34,955 0 54,34,955 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 0 0 0 0 0
others
Total disposals tangible
0 0 0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-54,34,955 0 0 0 54,34,955 0
assets
Tangible assets at end of period 1,40,46,025 1,94,80,980 4,64,35,783 4,64,35,783 3,23,89,758 2,69,54,803

94
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(21)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Other tangible assets, others [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Nature of other tangible assets 0 0 0 0 0 0
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 0 0 0 0
assets
Depreciation tangible assets -54,34,955 0 54,34,955 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 0 0 0 0 0
others
Total disposals tangible
0 0 0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-54,34,955 0 0 0 54,34,955 0
assets
Tangible assets at end of period 1,40,46,025 1,94,80,980 4,64,35,783 4,64,35,783 3,23,89,758 2,69,54,803

95
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of tangible assets [Table] ..(22)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Other tangible assets, others [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
gross carrying amount [Axis] [Member] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Nature of other tangible assets 0 0 0 0 0 0
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 0 0 0 0
assets
Depreciation tangible assets -54,34,955 0 54,34,955 0
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 0 0 0 0 0
others
Total disposals tangible
0 0 0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-54,34,955 0 0 0 54,34,955 0
assets
Tangible assets at end of period 1,40,46,025 1,94,80,980 4,64,35,783 4,64,35,783 3,23,89,758 2,69,54,803

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


Unless otherwise specified, all monetary values are in INR
Company total tangible assets
Classes of tangible assets [Axis] Land [Member]
[Member]
Owned and leased assets Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member]
[Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of additional information
tangible assets [Abstract]
Disclosure of additional information
tangible assets [LineItems]
Written Down Written Down
Depreciation method tangible assets - - - -
Value Value
Useful lives or depreciation rates
NA NA NA NA NA NA
tangible assets

96
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of additional information tangible assets [Table] ..(2)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Buildings [Member] Factory building [Member]
Owned and leased assets Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member]
[Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of additional information
tangible assets [Abstract]
Disclosure of additional information
tangible assets [LineItems]
Written Down Written Down
Depreciation method tangible assets - - - -
Value Value
Useful lives or depreciation rates
NA NA NA NA NA NA
tangible assets

Disclosure of additional information tangible assets [Table] ..(3)


Unless otherwise specified, all monetary values are in INR
Furniture and fixtures
Classes of tangible assets [Axis] Plant and equipment [Member]
[Member]
Owned and leased assets Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member]
[Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of additional information
tangible assets [Abstract]
Disclosure of additional information
tangible assets [LineItems]
Written Down Written Down
Depreciation method tangible assets - -
Value Value
- -

Useful lives or depreciation rates


NA NA NA NA NA NA
tangible assets

Disclosure of additional information tangible assets [Table] ..(4)


Unless otherwise specified, all monetary values are in INR
Furniture and fixtures
Classes of tangible assets [Axis] Vehicles [Member] Motor vehicles [Member]
[Member]
Owned and leased assets Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member]
[Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of additional information
tangible assets [Abstract]
Disclosure of additional information
tangible assets [LineItems]
Written Down Written Down
Depreciation method tangible assets Value Value
- - - -

Useful lives or depreciation rates


NA NA NA NA NA NA
tangible assets

Disclosure of additional information tangible assets [Table] ..(5)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Motor vehicles [Member] Computer equipments [Member]
Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of additional information
tangible assets [Abstract]
Disclosure of additional information
tangible assets [LineItems]
Written Down Written Down Written Down Written Down
Depreciation method tangible assets Value Value
- -
Value Value
Useful lives or depreciation rates
NA NA NA NA NA NA
tangible assets

97
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Disclosure of additional information tangible assets [Table] ..(6)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Other tangible assets [Member] Other tangible assets, others [Member]
Owned and leased assets Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member]
[Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of additional information
tangible assets [Abstract]
Disclosure of additional information
tangible assets [LineItems]
Written Down Written Down
Depreciation method tangible assets - - - -
Value Value
Useful lives or depreciation rates
NA NA NA NA NA NA
tangible assets

Unless otherwise specified, all monetary values are in INR


01/04/2016
to
31/03/2017
Disclosure of notes on tangible assets explanatory [TextBlock]
Textual information (39)
Disclosure of accounting policy on tangible assets [TextBlock] [See below]

Textual information (39)

Disclosure of accounting policy on tangible assets [Text Block]


5. Fixed Assets

5.1 Fixed Assets are stated at cost of acquisition and subsequent improvements thereto including taxes, duties, freight and other
incidental expenses related to acquisition and installation less accumulated depreciation.

5.2 The carrying amounts of assets are reviewed at each balance sheet date to review if there is any indication of impairment based
on internal / external factors. An impairment loss is recognized wherever the carrying amount of an asset exceeds its recoverable amount.
The recoverable amount is the higher of the asset's net selling price and value in use, which is determined by the present value of the
estimated future cash flows.

[201100] Notes - Intangible assets

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


Unless otherwise specified, all monetary values are in INR
Company total intangible assets
Classes of intangible assets [Axis]
[Member]
Internally generated and other than
Sub classes of intangible assets [Axis] internally generated intangible assets
[Member]
Carrying amount accumulated amortization and impairment and gross carrying amount [Axis] Carrying amount [Member]
31/03/2017 31/03/2016
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets [LineItems]
Reconciliation of changes in intangible assets [Abstract]
Intangible assets at end of period 0 0

98
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

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

Classification of inventories [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Classification of inventories [Axis] Company total inventories [Member] Raw materials [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 11,77,63,958 7,87,56,058 2,58,82,500 2,05,08,343
Textual information Textual information Textual information Textual information
Mode of valuation (40) [See below] (41) [See below] (42) [See below] (43) [See below]

Classification of inventories [Table] ..(2)


Unless otherwise specified, all monetary values are in INR
Classification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 2,04,06,748 1,87,15,753 5,82,32,479 2,78,99,783
Textual information Textual information Textual information Textual information
Mode of valuation (44) [See below] (45) [See below] (46) [See below] (47) [See below]

Classification of inventories [Table] ..(3)


Unless otherwise specified, all monetary values are in INR
Classification of inventories [Axis] Stores and spares [Member] Other inventories [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 79,65,690 79,53,291 52,76,541 36,78,888
Textual information Textual information Textual information Textual information
Mode of valuation (48) [See below] (49) [See below] (50) [See below] (51) [See below]
POWER & FUEL, POWER & FUEL,
CHEMICAL & CHEMICAL &
Nature of other inventories PACKING PACKING
MATERIAL MATERIAL

99
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Classification of inventories [Table] ..(4)


Unless otherwise specified, all monetary values are in INR
Classification of inventories [Axis] Scrap [Member] Other inventories, others [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 19,15,650 25,05,300 33,60,891 11,73,588
Textual information Textual information Textual information Textual information
Mode of valuation (52) [See below] (53) [See below] (54) [See below] (55) [See below]
POWER & FUEL, POWER & FUEL,
CHEMICAL & CHEMICAL &
Nature of other inventories PACKING PACKING
MATERIAL MATERIAL

Loans and advances [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Classification based on time period [Axis] Long-term [Member]
Classification of loans and advances [Axis] Loans and advances [Member] Security deposits [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 85,41,963 1,05,59,770 85,41,963 1,05,59,770
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 85,41,963 1,05,59,770 85,41,963 1,05,59,770
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
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
0 0 0 0
which any director is partner
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director

100
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Loans and advances [Table] ..(2)


Unless otherwise specified, all monetary values are in INR
Classification based on time period [Axis] Short-term [Member]
Classification of loans and advances [Axis] Loans and advances [Member] Other loans and advances [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 37,55,428 16,38,474 37,55,428 16,38,474
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 37,55,428 16,38,474 37,55,428 16,38,474
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
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
0 0 0 0
which any director is partner
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director

Loans and advances [Table] ..(3)


Unless otherwise specified, all monetary values are in INR
Classification based on time period [Axis] Short-term [Member]
Other loans and advances, others
Classification of loans and advances [Axis]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2017 31/03/2016
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 37,55,428 16,38,474
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 37,55,428 16,38,474
Details of loans and advances due by directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0
Loans and advances due by other officers 0 0
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
Total loans and advances due by firms or companies in which any director
0 0
is partner or director

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


Unless otherwise specified, all monetary values are in INR
Classification based on time period [Axis] Short-term [Member]
31/03/2017 31/03/2016
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]
Provision for corporate tax [Abstract]
Provision for current tax 83,46,570 0
Total provision for corporate tax 83,46,570 0
CSR expenditure provision 0 0
Other provisions 20,09,345 17,48,454
Total provisions 1,03,55,915 17,48,454

101
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

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


Unless otherwise specified, all monetary values are in INR
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 5,83,99,039 3,18,52,207 5,83,99,039 3,18,52,207
Allowance for bad and doubtful debts 0 0 0 0
Total trade receivables 5,83,99,039 3,18,52,207 5,83,99,039 3,18,52,207
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
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director

102
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Unless otherwise specified, all monetary values are in INR


01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term 0 0
Total other long-term liabilities 0 0
Nature of other provisions PROVISION FOR EXPENSES PROVISION FOR EXPENSES
Current maturities of long-term debt 5,61,10,061 5,01,11,395
Interest accrued but not due on borrowings 0 0
Interest accrued and due on borrowings 0 0
Interest accrued but not due on public deposits 0 0
Interest accrued and due on public deposits 0 0
Debentures claimed but not paid 0 0
Unpaid dividends 0 0
Application money received for allotment of securities and
0 0
due for refund, principal
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Public deposit payable, current 0 0
Total other payables, current 0 0
Advance received from customers 47,47,847 3,09,531
Other advance received 1,21,995 1,21,995
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others 68,61,380 51,80,418
Total other current liabilities 6,78,41,283 5,57,23,339
Other non-current assets, others 0 41,99,563
Total other non-current assets 0 41,99,563
BALANCES WITH REVENUE BALANCES WITH REVENUE
Nature of other non-current assets, others AUTHORITIES AUTHORITIES
Textual information (56)
Accounting policy on inventories [TextBlock] [See below]
Aggregate amount of trade receivables outstanding for period
5,83,99,039 3,18,52,207
exceeding six months
Fixed deposits with banks 37,35,478 34,55,549
Other balances with banks 49,912 1,03,836
Total balance with banks 37,85,390 35,59,385
Cash on hand 5,86,850 12,19,386
Total cash and cash equivalents 43,72,240 47,78,771
Total cash and bank balances 43,72,240 47,78,771
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than twelve months maturity 0 0
Other current assets, others 87,35,681 68,30,777
Total other current assets 87,35,681 68,30,777

Textual information (40)

Mode of valuation
4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition. 4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on
first in, first out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods
and stock in process are valued at lower of cost or net realisable value.

Textual information (41)

Mode of valuation
4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition. 4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on
first in, first out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods
and stock in process are valued at lower of cost or net realisable value.

103
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (42)

Mode of valuation
4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition. 4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on
first in, first out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods
and stock in process are valued at lower of cost or net realisable value.

Textual information (43)

Mode of valuation
4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition. 4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on
first in, first out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods
and stock in process are valued at lower of cost or net realisable value.

Textual information (44)

Mode of valuation
4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition. 4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on
first in, first out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods
and stock in process are valued at lower of cost or net realisable value.

Textual information (45)

Mode of valuation
4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition. 4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on
first in, first out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods
and stock in process are valued at lower of cost or net realisable value.

Textual information (46)

Mode of valuation
4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition. 4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on
first in, first out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods
and stock in process are valued at lower of cost or net realisable value.

Textual information (47)

Mode of valuation
4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition. 4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on
first in, first out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods
and stock in process are valued at lower of cost or net realisable value.

104
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (48)

Mode of valuation
4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition. 4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on
first in, first out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods
and stock in process are valued at lower of cost or net realisable value.

Textual information (49)

Mode of valuation
4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition. 4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on
first in, first out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods
and stock in process are valued at lower of cost or net realisable value.

Textual information (50)

Mode of valuation
4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition. 4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on
first in, first out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods
and stock in process are valued at lower of cost or net realisable value.

Textual information (51)

Mode of valuation
4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition. 4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on
first in, first out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods
and stock in process are valued at lower of cost or net realisable value.

Textual information (52)

Mode of valuation
4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition. 4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on
first in, first out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods
and stock in process are valued at lower of cost or net realisable value.

Textual information (53)

Mode of valuation
4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition. 4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on
first in, first out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods
and stock in process are valued at lower of cost or net realisable value.

105
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (54)

Mode of valuation
4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition. 4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on
first in, first out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods
and stock in process are valued at lower of cost or net realisable value.

Textual information (55)

Mode of valuation
4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition. 4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on
first in, first out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods
and stock in process are valued at lower of cost or net realisable value.

Textual information (56)

Accounting policy on inventories [Text Block]


4. Inventories

4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition.

4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on first in, first
out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods and stock in
process are valued at lower of cost or net realisable value.

106
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

[200700] Notes - Additional disclosures on balance sheet


Unless otherwise specified, all monetary values are in INR
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of additional balance sheet notes explanatory [TextBlock]
Total contingent liabilities and commitments 0 0
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
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
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 [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Number of warrants converted into equity shares during period [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0

[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
Unless otherwise specified, all monetary values are in INR
01/04/2016
to
31/03/2017
Disclosure of accounting policies, change in accounting policies and Textual information (57)
changes in estimates explanatory [TextBlock] [See below]
Textual information (58)
Disclosure of general information about company [TextBlock] [See below]
Textual information (59)
Disclosure of accounting policies explanatory [TextBlock] [See below]

107
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (57)

Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
SHREE SALASAR POLYFLEX PRIVATE LIMITED

Significant Accounting Policies and Notes to the Financial Statements

A. SIGNIFICANT ACCOUNTING POLICIES

1. Basis of accounting

1.1 The financial statements of the Company have been prepared in accordance with the Generally Accepted Accounting Principles
in India (Indian GAAP) to comply with the mandatory Accounting Standards and the relevant provisions of the Companies Act, 2013.

1.2 The accounting Policies not specifically referred to otherwise are consistent and in accordance with the generally accepted
accounting principles. Further, the accounting policies adopted in the preparation of financial statements are consistent with those of previous
year.

1.3 The Company has classified all its assets / liabilities into current / non-current portion based on the time frame of 12 months
from the date of financial statements. Accordingly, assets / liabilities expected to be realized / settled within 12 months from the date of
financial statements are classified as current and other assets / liabilities are classified as non-current.

2. Use of estimates

The preparation of financial statements requires the Management to make estimates and assumptions considered in the reported amounts of
assets and liabilities including Contingent Liabilities as of the date of the financial statements and the reported income and expenses for the
reporting period. Management believes that the estimates used in the preparation of the financial statements are prudent and reasonable.
Future results could differ from these estimates. Difference between the actual results and estimates are recognized in the period in which the
results are known or materialize.

3. Revenue Recognition

108
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

3.1 Expenses and Income considered payable and receivable respectively are accounted for on accrual basis and provision is made
for all known losses and liabilities.

3.2 Interest income on fixed deposits is recognized on a time proportion basis taking into account the amount outstanding and the
rate of interest applicable.

4. Inventories

4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition.

4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on first in, first
out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods and stock in
process are valued at lower of cost or net realisable value.

SHREE SALASAR POLYFLEX PRIVATE LIMITED

5. Fixed Assets

5.1 Fixed Assets are stated at cost of acquisition and subsequent improvements thereto including taxes, duties, freight and other
incidental expenses related to acquisition and installation less accumulated depreciation.

109
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

5.2 The carrying amounts of assets are reviewed at each balance sheet date to review if there is any indication of impairment based
on internal / external factors. An impairment loss is recognized wherever the carrying amount of an asset exceeds its recoverable amount.
The recoverable amount is the higher of the asset's net selling price and value in use, which is determined by the present value of the
estimated future cash flows.

6. Depreciation

6.1 Depreciation on fixed assets has been provided on the basis of useful life of the respective asset over which the asset is expected
to be available for use by the Company less its residual value as provided in Part "C" of Schedule II of the Companies Act, 2013 on written
down value method. During the earlier financial years, depreciation on fixed assets has been provided on the basis of written down value
method at the rates prescribed in Schedule XIV of the Companies Act, 1956.

6.2 Profit or loss on disposal of fixed assets is recognized in the Statement of Profit & Loss in the year of disposal of the asset.

7. Impairment of Assets

7.1 Impairment loss, if any, is provided for to the extent, the carrying amount of the asset exceeds its recoverable amount. Recoverable
amount is higher of an asset’s net selling price and its value in use. Value in use is the present value of estimated future cash flows expected
to arise from the continuing use of an asset and from its disposal at the end of its useful life.

7.2 Impairment losses recognized in prior years are reversed when there is an indication that the impairment losses recognized no
longer exists or have decreased. Such reversals are recognized as an increase in carrying amount of asset to the extent it does not exceed the
carrying amounts that would have been determined (Net of amortization or depreciation) had no impairment loss been recognized in previous
years.

8. Borrowing Costs

8.1 Interest and other borrowing costs incurred by the company in connection with the borrowing of funds is recognized as an expense
in the period in which incurred unless directly attributable to the acquisition or production or construction of the qualifying asset. A
qualifying asset is one that necessarily takes substantial period of time to get ready for its intended use.

9. Provisions, Contingent liabilities and Contingent assets

9.1 Provisions are recognized in respect of obligations where, based on the evidence available, their existence at the Balance Sheet
date is considered probable.

110
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

9.2 Contingent liabilities are shown by way of Notes on Accounts in respect of obligations where, based on the evidence available,
their existence at the Balance Sheet date is considered not probable.

9.3 Contingent assets are not recognized or disclosed in the accounts.

SHREE SALASAR POLYFLEX PRIVATE LIMITED

10. Employee Benefits

10.1 Short term employee benefits are recognized as an expense at the undiscounted amount in the Statement of Profit & Loss of the
year in which related service is rendered.

10.2 Further, terms of employment and the company’s policy is not having plan or stipulation for payment of gratuity or any retirement
benefits to employees and management is not foreseeing any liability in future on such account. Accordingly, no liability has been provided
during the year and the same will be accounted for on cash basis as and when payable.

11. Prior Period and extra ordinary Items

11.1 Prior period and extra ordinary items and changes in accounting policies having material impact on the financial affairs of the
company are disclosed.

12. Investments

Investments are carried at cost.

13. Taxes on Income

111
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

13.1 Current tax is the amount of tax payable on the taxable income for the year determined in accordance with the provisions of the
Income tax Act, 1961.

13.2 Deferred tax is recognized on timing differences which is the differences between the taxable income and accounting income that
originate in one period and are capable of reversal in one or more subsequent periods. Deferred tax assets subject to the consideration of
prudence are recognized and carried forward only to the extent that there is a reasonable certainty that sufficient future taxable income will be
available against which such deferred tax assets can be realized. In situations where the Company has unabsorbed depreciation or carry
forward tax losses, all deferred tax assets are recognized only if there is virtual certainty supported by convincing evidence that they can be
realized against future taxable profits.

13.3 The carrying amount of deferred tax assets are reviewed at each balance sheet date. The company writes-down the carrying
amount of a deferred tax asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future
taxable income will be available against which deferred tax asset can be realized. Any such write-down is reversed to the extent that it
becomes reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available.

13.4 Credit for taxes paid under section 115JB of the Income tax Act, 1961 is recognized only to the extent that there is virtual
certainty that sufficient future taxable income as per the normal provisions of the Act will be available against which such tax credit can be
set-off.

SHREE SALASAR POLYFLEX PRIVATE LIMITED

14. Earnings per Share

14.1 The Company reports basic and diluted earnings per equity share in accordance with Accounting Standard-20, Earnings per Share
notified by the Central Government under the Companies (Accounting Standards) Rules, 2006.

112
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

14.2 Basic earning per equity share is computed by dividing net profit / (loss) after tax for the year attributable to equity shareholders
by the weighted average number of equity shares outstanding during the year.

14.3 Diluted earnings per equity share is computed by dividing the net profit / (loss) after tax for the year by the weighted average
number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of equity shares that
could have been issued upon conversion of all dilutive potential equity shares.

15. In the opinion of the Board of Directors, current assets, loans and advances have a value on realization in the ordinary course of
business at least equal to the amount at which they are stated in the books of account. Provision for all known and determined liabilities is
adequate and not in excess / short of the amount considered reasonably necessary.

16. The Company has a single reportable segment viz. manufacturing of Recycled Polyster Staple Fibre and as such there are no
separate reportable segments in accordance with Accounting Standard 17 (Segment Reporting).

As per our Report of even date

For Ashok Kumar Duggar & Associates For and on behalf of the Board of Directors

Firm Reg. No. 308027E of Shree Salasar Polyflex Private Limited

Chartered Accountants

A. K. Duggar

Partner

Membership No. 013328 Directors

113
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Kolkata, 1st September, 2017

Textual information (58)

Disclosure of general information about company [Text Block]


1. Basis of accounting

1.1 The financial statements of the Company have been prepared in accordance with the Generally Accepted Accounting Principles
in India (Indian GAAP) to comply with the mandatory Accounting Standards and the relevant provisions of the Companies Act, 2013.

1.2 The accounting Policies not specifically referred to otherwise are consistent and in accordance with the generally accepted
accounting principles. Further, the accounting policies adopted in the preparation of financial statements are consistent with those of previous
year.

1.3 The Company has classified all its assets / liabilities into current / non-current portion based on the time frame of 12 months
from the date of financial statements. Accordingly, assets / liabilities expected to be realized / settled within 12 months from the date of
financial statements are classified as current and other assets / liabilities are classified as non-current.

114
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (59)

Disclosure of accounting policies explanatory [Text Block]


SHREE SALASAR POLYFLEX PRIVATE LIMITED

Significant Accounting Policies and Notes to the Financial Statements

A. SIGNIFICANT ACCOUNTING POLICIES

1. Basis of accounting

1.1 The financial statements of the Company have been prepared in accordance with the Generally Accepted Accounting Principles
in India (Indian GAAP) to comply with the mandatory Accounting Standards and the relevant provisions of the Companies Act, 2013.

1.2 The accounting Policies not specifically referred to otherwise are consistent and in accordance with the generally accepted
accounting principles. Further, the accounting policies adopted in the preparation of financial statements are consistent with those of previous
year.

1.3 The Company has classified all its assets / liabilities into current / non-current portion based on the time frame of 12 months
from the date of financial statements. Accordingly, assets / liabilities expected to be realized / settled within 12 months from the date of
financial statements are classified as current and other assets / liabilities are classified as non-current.

2. Use of estimates

The preparation of financial statements requires the Management to make estimates and assumptions considered in the reported amounts of
assets and liabilities including Contingent Liabilities as of the date of the financial statements and the reported income and expenses for the
reporting period. Management believes that the estimates used in the preparation of the financial statements are prudent and reasonable.
Future results could differ from these estimates. Difference between the actual results and estimates are recognized in the period in which the
results are known or materialize.

3. Revenue Recognition

115
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

3.1 Expenses and Income considered payable and receivable respectively are accounted for on accrual basis and provision is made
for all known losses and liabilities.

3.2 Interest income on fixed deposits is recognized on a time proportion basis taking into account the amount outstanding and the
rate of interest applicable.

4. Inventories

4.1 Items of inventories are measured at lower of cost and net realisable value. Cost of inventories compromises of cost of purchase,
cost of conversion and other costs including manufacturing overheads incurred in bringing them to their respective present location and
condition.

4.2 Cost of raw materials, process chemicals, stores and spares, packing materials and other products are determined on first in, first
out (FIFO) basis. By products and saleable scrap, whose cost is not identifiable, is valued at net realisable value. Finished Goods and stock in
process are valued at lower of cost or net realisable value.

SHREE SALASAR POLYFLEX PRIVATE LIMITED

5. Fixed Assets

5.1 Fixed Assets are stated at cost of acquisition and subsequent improvements thereto including taxes, duties, freight and other
incidental expenses related to acquisition and installation less accumulated depreciation.

116
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

5.2 The carrying amounts of assets are reviewed at each balance sheet date to review if there is any indication of impairment based
on internal / external factors. An impairment loss is recognized wherever the carrying amount of an asset exceeds its recoverable amount.
The recoverable amount is the higher of the asset's net selling price and value in use, which is determined by the present value of the
estimated future cash flows.

6. Depreciation

6.1 Depreciation on fixed assets has been provided on the basis of useful life of the respective asset over which the asset is expected
to be available for use by the Company less its residual value as provided in Part "C" of Schedule II of the Companies Act, 2013 on written
down value method. During the earlier financial years, depreciation on fixed assets has been provided on the basis of written down value
method at the rates prescribed in Schedule XIV of the Companies Act, 1956.

6.2 Profit or loss on disposal of fixed assets is recognized in the Statement of Profit & Loss in the year of disposal of the asset.

7. Impairment of Assets

7.1 Impairment loss, if any, is provided for to the extent, the carrying amount of the asset exceeds its recoverable amount. Recoverable
amount is higher of an asset’s net selling price and its value in use. Value in use is the present value of estimated future cash flows expected
to arise from the continuing use of an asset and from its disposal at the end of its useful life.

7.2 Impairment losses recognized in prior years are reversed when there is an indication that the impairment losses recognized no
longer exists or have decreased. Such reversals are recognized as an increase in carrying amount of asset to the extent it does not exceed the
carrying amounts that would have been determined (Net of amortization or depreciation) had no impairment loss been recognized in previous
years.

8. Borrowing Costs

8.1 Interest and other borrowing costs incurred by the company in connection with the borrowing of funds is recognized as an expense
in the period in which incurred unless directly attributable to the acquisition or production or construction of the qualifying asset. A
qualifying asset is one that necessarily takes substantial period of time to get ready for its intended use.

9. Provisions, Contingent liabilities and Contingent assets

9.1 Provisions are recognized in respect of obligations where, based on the evidence available, their existence at the Balance Sheet
date is considered probable.

117
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

9.2 Contingent liabilities are shown by way of Notes on Accounts in respect of obligations where, based on the evidence available,
their existence at the Balance Sheet date is considered not probable.

9.3 Contingent assets are not recognized or disclosed in the accounts.

SHREE SALASAR POLYFLEX PRIVATE LIMITED

10. Employee Benefits

10.1 Short term employee benefits are recognized as an expense at the undiscounted amount in the Statement of Profit & Loss of the
year in which related service is rendered.

10.2 Further, terms of employment and the company’s policy is not having plan or stipulation for payment of gratuity or any retirement
benefits to employees and management is not foreseeing any liability in future on such account. Accordingly, no liability has been provided
during the year and the same will be accounted for on cash basis as and when payable.

11. Prior Period and extra ordinary Items

11.1 Prior period and extra ordinary items and changes in accounting policies having material impact on the financial affairs of the
company are disclosed.

12. Investments

Investments are carried at cost.

13. Taxes on Income

118
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

13.1 Current tax is the amount of tax payable on the taxable income for the year determined in accordance with the provisions of the
Income tax Act, 1961.

13.2 Deferred tax is recognized on timing differences which is the differences between the taxable income and accounting income that
originate in one period and are capable of reversal in one or more subsequent periods. Deferred tax assets subject to the consideration of
prudence are recognized and carried forward only to the extent that there is a reasonable certainty that sufficient future taxable income will be
available against which such deferred tax assets can be realized. In situations where the Company has unabsorbed depreciation or carry
forward tax losses, all deferred tax assets are recognized only if there is virtual certainty supported by convincing evidence that they can be
realized against future taxable profits.

13.3 The carrying amount of deferred tax assets are reviewed at each balance sheet date. The company writes-down the carrying
amount of a deferred tax asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future
taxable income will be available against which deferred tax asset can be realized. Any such write-down is reversed to the extent that it
becomes reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available.

13.4 Credit for taxes paid under section 115JB of the Income tax Act, 1961 is recognized only to the extent that there is virtual
certainty that sufficient future taxable income as per the normal provisions of the Act will be available against which such tax credit can be
set-off.

SHREE SALASAR POLYFLEX PRIVATE LIMITED

14. Earnings per Share

14.1 The Company reports basic and diluted earnings per equity share in accordance with Accounting Standard-20, Earnings per Share
notified by the Central Government under the Companies (Accounting Standards) Rules, 2006.

119
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

14.2 Basic earning per equity share is computed by dividing net profit / (loss) after tax for the year attributable to equity shareholders
by the weighted average number of equity shares outstanding during the year.

14.3 Diluted earnings per equity share is computed by dividing the net profit / (loss) after tax for the year by the weighted average
number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of equity shares that
could have been issued upon conversion of all dilutive potential equity shares.

15. In the opinion of the Board of Directors, current assets, loans and advances have a value on realization in the ordinary course of
business at least equal to the amount at which they are stated in the books of account. Provision for all known and determined liabilities is
adequate and not in excess / short of the amount considered reasonably necessary.

16. The Company has a single reportable segment viz. manufacturing of Recycled Polyster Staple Fibre and as such there are no
separate reportable segments in accordance with Accounting Standard 17 (Segment Reporting).

As per our Report of even date

For Ashok Kumar Duggar & Associates For and on behalf of the Board of Directors

Firm Reg. No. 308027E of Shree Salasar Polyflex Private Limited

Chartered Accountants

A. K. Duggar

Partner

Membership No. 013328 Directors

120
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Kolkata, 1st September, 2017

[201700] Notes - Government grants


Unless otherwise specified, all monetary values are in INR
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of notes on government grants explanatory [TextBlock]
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0

[201200] Notes - Employee benefits


Unless otherwise specified, all monetary values are in INR
01/04/2016
to
31/03/2017
Textual information (60)
Disclosure of employee benefits explanatory [TextBlock] [See below]

Textual information (60)

Disclosure of employee benefits explanatory [Text Block]


10. Employee Benefits

10.1 Short term employee benefits are recognized as an expense at the undiscounted amount in the Statement of Profit & Loss of the
year in which related service is rendered.

10.2 Further, terms of employment and the company’s policy is not having plan or stipulation for payment of gratuity or any retirement
benefits to employees and management is not foreseeing any liability in future on such account. Accordingly, no liability has been provided
during the year and the same will be accounted for on cash basis as and when payable.

[201800] Notes - Borrowing cost


Unless otherwise specified, all monetary values are in INR
01/04/2016
to
31/03/2017
Disclosure of notes on borrowing costs explanatory [TextBlock]
Textual information (61)
Accounting policy adopted for borrowing costs [See below]

Textual information (61)

Accounting policy adopted for borrowing costs


7. Borrowing Costs 8.1 Interest and other borrowing costs incurred by the company in connection with the borrowing of
funds is recognized as an expense in the period in which incurred unless directly attributable to the acquisition or production or construction
of the qualifying asset. A qualifying asset is one that necessarily takes substantial period of time to get ready for its intended use.

121
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

[201600] Notes - Related party

Disclosure of relationship and transactions between related parties [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Categories of related parties [Axis] 1 2
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of relationship and transactions between
related parties [Abstract]
Disclosure of relationship and transactions between
related parties [LineItems]
ROHIT KUMAR ROHIT KUMAR
Name of related party SHARMA SHARMA
SANJAY GUPTA SANJAY GUPTA

Country of incorporation or residence of related


INDIA INDIA INDIA INDIA
party
Permanent account number of related party ABIPS0867N ABIPS0867N AECPG2821D AECPG2821D
Key Management Key Management Key Management Key Management
Description of nature of related party relationship Personnel Personnel Personnel Personnel
Description of nature of transactions with related
REMUNERATION REMUNERATION INTEREST INTEREST
party
Related party transactions [Abstract]
Interest received during year related party
0 0 19,68,000 15,34,915
transactions
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 18,00,000 18,00,000 0 0
Amount written off during period in respect
0 0 0 0
of debts due from related parties
Amount written back during period in respect
0 0 0 0
of debts due to related parties

Unless otherwise specified, all monetary values are in INR


01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure 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


Unless otherwise specified, all monetary values are in INR
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of leases explanatory [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa

[300300] Notes - Earnings per share


Unless otherwise specified, all monetary values are in INR
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Textual information (62)
Disclosure of earnings per share explanatory [TextBlock] [See below]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Profit (loss) for period 1,65,26,610 2,76,799
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Profit (loss) for period 1,65,26,610 2,76,799

122
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (62)

Disclosure of earnings per share explanatory [Text Block]


14. Earnings per Share

14.1 The Company reports basic and diluted earnings per equity share in accordance with Accounting Standard-20, Earnings per Share
notified by the Central Government under the Companies (Accounting Standards) Rules, 2006.

14.2 Basic earning per equity share is computed by dividing net profit / (loss) after tax for the year attributable to equity shareholders
by the weighted average number of equity shares outstanding during the year.

14.3 Diluted earnings per equity share is computed by dividing the net profit / (loss) after tax for the year by the weighted average
number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of equity shares that
could have been issued upon conversion of all dilutive potential equity shares.

15. In the opinion of the Board of Directors, current assets, loans and advances have a value on realization in the ordinary course of
business at least equal to the amount at which they are stated in the books of account. Provision for all known and determined liabilities is
adequate and not in excess / short of the amount considered reasonably necessary.

16. The Company has a single reportable segment viz. manufacturing of Recycled Polyster Staple Fibre and as such there are no
separate reportable segments in accordance with Accounting Standard 17 (Segment Reporting).

[202800] Notes - Subsidiary information


Unless otherwise specified, all monetary values are in INR
01/04/2016
to
31/03/2017
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies No
Whether company has subsidiary companies which are yet to commence
No
operations
Whether company has subsidiary companies liquidated or sold during year No

123
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

[201900] Notes - Income taxes


Unless otherwise specified, all monetary values are in INR
01/04/2016
to 31/03/2016
31/03/2017
Textual information (63)
Disclosure of notes on income taxes explanatory [TextBlock] [See below]
Disclosure of breakup of deferred tax assets and deferred tax liabilities
[Abstract]
Components of deferred tax liabilities [Abstract]
Deferred tax liability, other 38,10,508 66,58,732
Total deferred tax liabilities 38,10,508 66,58,732

124
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (63)

Disclosure of notes on income taxes explanatory [Text Block]


13. Taxes on Income

13.1 Current tax is the amount of tax payable on the taxable income for the year determined in accordance with the provisions of the
Income tax Act, 1961.

13.2 Deferred tax is recognized on timing differences which is the differences between the taxable income and accounting income that
originate in one period and are capable of reversal in one or more subsequent periods. Deferred tax assets subject to the consideration of
prudence are recognized and carried forward only to the extent that there is a reasonable certainty that sufficient future taxable income will be
available against which such deferred tax assets can be realized. In situations where the Company has unabsorbed depreciation or carry
forward tax losses, all deferred tax assets are recognized only if there is virtual certainty supported by convincing evidence that they can be
realized against future taxable profits.

13.3 The carrying amount of deferred tax assets are reviewed at each balance sheet date. The company writes-down the carrying
amount of a deferred tax asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future
taxable income will be available against which deferred tax asset can be realized. Any such write-down is reversed to the extent that it
becomes reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available.

13.4 Credit for taxes paid under section 115JB of the Income tax Act, 1961 is recognized only to the extent that there is virtual
certainty that sufficient future taxable income as per the normal provisions of the Act will be available against which such tax credit can be
set-off.

125
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

[202400] Notes - Investments in associates


Unless otherwise specified, all monetary values are in INR
01/04/2016
to
31/03/2017
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates No
Whether company has associates which are yet to commence operations No
Whether company has associates liquidated or sold during year No

[202500] Notes - Financial reporting of interests in joint ventures


Unless otherwise specified, all monetary values are in INR
01/04/2016
to
31/03/2017
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures No
Whether company has joint ventures which are yet to commence operations No
Whether company has joint ventures liquidated or sold during year No

[201500] Notes - Impairment


Unless otherwise specified, all monetary values are in INR
01/04/2016
to
31/03/2017
Textual information (64)
Disclosure of impairment of assets explanatory [TextBlock] [See below]

Textual information (64)

Disclosure of impairment of assets explanatory [Text Block]


7. Impairment of Assets

7.1 Impairment loss, if any, is provided for to the extent, the carrying amount of the asset exceeds its recoverable amount. Recoverable
amount is higher of an asset’s net selling price and its value in use. Value in use is the present value of estimated future cash flows expected
to arise from the continuing use of an asset and from its disposal at the end of its useful life.

7.2 Impairment losses recognized in prior years are reversed when there is an indication that the impairment losses recognized no
longer exists or have decreased. Such reversals are recognized as an increase in carrying amount of asset to the extent it does not exceed the
carrying amounts that would have been determined (Net of amortization or depreciation) had no impairment loss been recognized in previous
years.

126
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

[202100] Notes - Other provisions, contingent liabilities and contingent assets


Unless otherwise specified, all monetary values are in INR
01/04/2016
to
31/03/2017
Disclosure of notes on other provisions, contingent liabilities and Textual information (65)
contingent assets explanatory [TextBlock] [See below]
Disclosure of other provisions explanatory [TextBlock]

Textual information (65)

Disclosure of notes on other provisions, contingent liabilities and contingent assets explanatory [Text Block]
7. Provisions, Contingent liabilities and Contingent assets

9.1 Provisions are recognized in respect of obligations where, based on the evidence available, their existence at the Balance Sheet
date is considered probable.

9.2 Contingent liabilities are shown by way of Notes on Accounts in respect of obligations where, based on the evidence available,
their existence at the Balance Sheet date is considered not probable.

9.3 Contingent assets are not recognized or disclosed in the accounts.

[202700] Notes - Cash flow statements


Unless otherwise specified, all monetary values are in INR
01/04/2016 01/04/2015
to to 31/03/2015
31/03/2017 31/03/2016
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 43,72,240 47,78,771 81,54,231
Total cash and cash equivalents 43,72,240 47,78,771
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 1,30,01,742 3,89,739
Total income taxes paid (refund) 1,30,01,742 3,89,739

127
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

[100200] Statement of profit and loss


Unless otherwise specified, all monetary values are in INR
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Statement of profit and loss [Abstract]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 84,94,53,561 84,64,50,731
Revenue from sale of services 0 0
Total revenue from operations other than finance company 84,94,53,561 84,64,50,731
Total revenue from operations 84,94,53,561 84,64,50,731
Other income 42,97,920 1,03,05,280
Total revenue 85,37,51,481 85,67,56,011
Expenses [Abstract]
Cost of materials consumed 62,92,97,476 58,70,36,247
Changes in inventories of finished goods, work-in-progress and
-3,14,34,041 1,16,103
stock-in-trade
Employee benefit expense 3,06,56,975 3,03,13,861
Finance costs 1,48,35,024 2,63,58,727
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 3,45,36,465 4,31,88,840
Total depreciation, depletion and amortisation expense 3,45,36,465 4,31,88,840
CSR expenditure 0 0
Other expenses 14,91,79,454 16,91,92,379
Total expenses 82,70,71,353 85,62,06,157
Total profit before prior period items, exceptional items, extraordinary
2,66,80,128 5,49,854
items and tax
Total profit before extraordinary items and tax 2,66,80,128 5,49,854
Total profit before tax 2,66,80,128 5,49,854
Tax expense [Abstract]
Current tax 1,30,01,742 3,89,739
Deferred tax -28,48,224 -1,16,684
Total tax expense 1,01,53,518 2,73,055
Total profit (loss) for period from continuing operations 1,65,26,610 2,76,799
Total profit (loss) for period before minority interest 1,65,26,610 2,76,799
Total profit (loss) for period 1,65,26,610 2,76,799
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] 3.44 [INR/shares] 0.06
Diluted earnings per equity share [INR/shares] 0 [INR/shares] 0

128
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

[300500] Notes - Subclassification and notes on income and expenses


Unless otherwise specified, all monetary values are in INR
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from sale of products [Abstract]
Revenue from sale of products [Abstract]
Revenue from sale of products, gross 84,94,53,561 84,64,50,731
Total revenue from sale of products 84,94,53,561 84,64,50,731
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Total revenue from sale of services 0 0
Disclosure of other income [Abstract]
Interest income [Abstract]
Total interest income 0 0
Dividend income [Abstract]
Total dividend income 0 0
Other non-operating income [Abstract]
Surplus on disposal, discard, demolishment and destruction of
32,540 0
depreciable tangible asset
Miscellaneous other non-operating income 42,65,380 1,03,05,280
Total other non-operating income 42,97,920 1,03,05,280
Total other income 42,97,920 1,03,05,280
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense borrowings 1,46,10,846 2,47,18,529
Total interest expense 1,46,10,846 2,47,18,529
Other borrowing costs 2,24,178 16,40,198
Total finance costs 1,48,35,024 2,63,58,727
Employee benefit expense [Abstract]
Salaries and wages 1,50,64,380 1,56,96,707
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 18,00,000 18,00,000
Total remuneration to directors 18,00,000 18,00,000
Total managerial remuneration 18,00,000 18,00,000
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 5,30,730 5,90,548
Total contribution to provident and other funds 5,30,730 5,90,548
Staff welfare expense 8,40,481 9,23,769
Other employee related expenses 1,24,21,384 1,13,02,837
Total employee benefit expense 3,06,56,975 3,03,13,861
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 2,52,46,467 3,32,93,167
Power and fuel 8,18,84,039 7,49,76,215
Rent 1,66,200 1,95,000
Repairs to building 0 0
Repairs to machinery 38,44,087 33,42,017
Insurance 8,22,678 4,98,706
Rates and taxes excluding taxes on income [Abstract]
Total rates and taxes excluding taxes on income 0 0
Directors sitting fees 0 0
Provision bad doubtful debts created 0 0
Provision bad doubtful loans advances created 0 0
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off 0 0
Bad debts written off 0 0
Bad debts advances written off 0 0
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
0 0
tangible asset
Payments to auditor [Abstract]
Total payments to auditor 0 0

129
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Miscellaneous expenses 3,72,15,983 5,68,87,274


Total other expenses 14,91,79,454 16,91,92,379
Current tax [Abstract]
Current tax pertaining to previous years 8,296 0
Current tax pertaining to current year 1,29,93,446 3,89,739
Total current tax 1,30,01,742 3,89,739

[300600] Notes - Additional information statement of profit and loss


Unless otherwise specified, all monetary values are in INR
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Additional information on profit and loss account explanatory [TextBlock]
Changes in other inventories -3,14,34,041 1,16,103
Total changes in inventories of finished goods, work-in-progress and
-3,14,34,041 1,16,103
stock-in-trade
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 0 0
Total amount of dividend remitted in foreign currency 0 0
Total earnings in foreign currency 0 0
Domestic sale manufactured goods 84,94,53,561 84,64,50,731
Total domestic turnover goods, gross 84,94,53,561 84,64,50,731
Total revenue from sale of products 84,94,53,561 84,64,50,731
Total revenue from sale of services 0 0
Gross value of transaction with related parties as per AS-18 0 0
Bad debts of related parties as per AS-18 0 0

[300100] Notes - Revenue


Unless otherwise specified, all monetary values are in INR
01/04/2016
to
31/03/2017
Textual information (66)
Disclosure of revenue explanatory [TextBlock] [See below]
Textual information (67)
Description of accounting policy for recognition of revenue [See below]

Textual information (66)

Disclosure of revenue explanatory [Text Block]


2. Revenue Recognition

3.1 Expenses and Income considered payable and receivable respectively are accounted for on accrual basis and provision is made
for all known losses and liabilities.

3.2 Interest income on fixed deposits is recognized on a time proportion basis taking into account the amount outstanding and the
rate of interest applicable.

130
SHREE SALASAR POLYFLEX PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017

Textual information (67)

Description of accounting policy for recognition of revenue


2. Revenue Recognition 3.1 Expenses and Income considered payable and receivable respectively are accounted for on
accrual basis and provision is made for all known losses and liabilities. 3.2 Interest income on fixed deposits is recognized on a
time proportion basis taking into account the amount outstanding and the rate of interest applicable.

[300700] Notes - Key managerial personnels and directors remuneration and other information

Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Key managerial personnels and directors [Axis] 1 2
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Disclosure of key managerial personnels and directors and remuneration to key
managerial personnels and directors [Abstract]
Disclosure of key managerial personnels and directors and remuneration to key
managerial personnels and directors [LineItems]
ROHIT KUMAR
Name of key managerial personnel or director SHARMA
SANJAY GUPTA

Director identification number of key managerial personnel or director 00531007 00553204


Permanent account number of key managerial personnel or director ABIPS0867N AECPG2821D
Date of birth of key managerial personnel or director 01/01/1961 21/05/1954
Designation of key managerial personnel or director Director Director
Qualification of key managerial personnel or director B.COM BCOM
Shares held by key managerial personnel or director [shares] 0 [shares] 0
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Salary key managerial personnel or director 18,00,000 0
Profits in lieu of salary key managerial personnel or director 0 0
Gross salary to key managerial personnel or director 18,00,000 0
Total key managerial personnel or director remuneration 18,00,000 0

Unless otherwise specified, all monetary values are in INR


01/04/2016
to
31/03/2017

1 .
DIRECTORS AND KEY
MANAGERIAL
PERSONNEL
Disclosure of key managerial personnels and directors and remuneration
to key managerial personnels and directors explanatory [TextBlock]

There has been no change


in the Board of Directors
during the year.

[301000] Notes - Corporate social responsibility


Unless otherwise specified, all monetary values are in INR
01/04/2016
to
31/03/2017
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
No
company

131