Balance Sheet as at 31.03.

2019
(Amount H in Lakhs)
Particulars Note No. As at 31.03.2019 As at 31.03.2018
ASSETS
1 NON CURRENT ASSETS
(a) Property, Plant and Equipment 2 56,315.58 55,259.71
(b) Capital work-in-progress 2 790.95 560.98
(c) Intangible assets 3 96.04 118.69
(d) Intangible assets under development 3 358.31 130.81
(e) Financial Assets
(i) Investments 4 2,774.10 93.72
(ii) Trade receivables 5 124.90 124.90
(iii) Loans 6 890.44 779.09
(iv) Other Financial Assets 7 201.87 4.53
(f) Income tax assets (net) 8 449.13 449.13
(g) Other non-current assets 9 831.39 1,143.29
Total Non Current Assets 62,832.71 58,664.85
2 CURRENT ASSETS
(a) Inventories 10 14,724.21 14,027.11
(b) Financial Assets
(i) Investments 11 - 1,909.56
(ii) Trade receivables 5 14,637.58 14,395.05
(iii) Cash and cash equivalents 12 119.17 110.36
(iv) Bank balances other than (iii) above 13 25.87 42.95
(v) Loans 6 50.27 57.71
(vi) Other Financial Assets 7 1,690.23 2,784.92
(c) Current Tax Assets (Net) - -
(d) Other current assets 9 2,091.92 1,516.62
Total Current Assets 33,339.25 34,844.28
TOTAL ASSETS 96,171.96 93,509.13
EQUITY AND LIABILITIES
1 EQUITY
(a) Equity Share capital 14 1,315.98 1,315.98
(b) Other Equity 15 46,348.79 43,583.05
Total Equity 47,664.77 44,899.03
2 LIABILITIES
NON CURRENT LIABILITIES
(a) Financial Liabilities
(i) Borrowings 16 9,296.24 8,650.34
(ii) Trade payables - -
(iii) Other financial liabilities 17 - 186.81
(b) Provisions 18 674.17 384.96
(c) Deferred tax liabilities (Net) 41 5,191.87 4,384.71
(d) Other non-current liabilities - -
Total Non Current Liabilities 15,162.28 13,606.82
CURRENT LIABILITIES
(a) Financial Liabilities
(i) Borrowings 19 3,846.66 3,706.82
(ii) Trade payables 20
-Total outstanding dues of micro and small enterprises 122.62 159.11
-Total outstanding dues of creditors other than micro and small enterprises 18,755.43 21,813.67
18,878.05 21,972.78
(iii) Other financial liabilities 21 6,350.93 7,407.22
(b) Other current liabilities 22 3,808.25 1,556.02
(c) Provisions 18 189.62 251.38
(d) Current Tax Liabilities (Net) 23 271.40 109.06
Total Current Liabilities 33,344.91 35,003.28
TOTAL LIABILITIES 48,507.18 48,610.10
TOTAL EQUITY AND LIABILITIES 96,171.96 93,509.13
Significant Accounting Policies and Notes to financial Statements. 1 to 60
The accompanying notes are an integral part of the financial statements.
For and on behalf of the Board of Directors As per our report of even date
For V. Sachdeva & Associates
Chartered Accountants
Firm Registration Number: 004417N
Sd/- Sd/- Sd/- Sd/- Sd/-
J. K. Jain Rahul Jain O.P. Gupta Arvind K. Chauhan (V. Sachdev)
Managing Director Director Chief Financial Officer Company Secretary Prop. (Membership No. 083435)
Place : Rai, Sonepat (HR.)
Date : 14/05/2019
96 | Fiem Industries Limited
Statement of Profit and Loss for the year ended 31.03.2019
(Amount H in Lakhs)
Particulars Note No. Current Year 2018-19 Previous Year 2017-18
INCOME
Revenue From Operations
a) Gross Sales 24 1,43,396.13 1,26,323.93
b) Other Operating Income 25 1,003.67 989.40
I. Revenue from Operations (a+b) 1,44,399.80 1,27,313.33
II. Other Income 26 86.21 454.40
III. TOTAL INCOME (I+II) 1,44,486.01 1,27,767.73
IV. EXPENSES
a) Cost of Raw Materials and Components Consumed 27 89,559.92 75,720.43
b) Purchase of Stock-in-Trade 28 741.55 467.46
c) Changes in Inventories of Finished Goods, Work in progress and Stock 29 (492.11) (2,287.45)
in trade
d) Excise duty on sales - 3,477.99
e) Employees benefits expenses 30 19,570.33 17,669.78
f) Finance costs 31 2,209.79 2,272.41
g) Depreciation and amortization expense 32 4,891.61 4,432.47
h) Other expenses 33 19,493.78 18,198.25
TOTAL EXPENSES 1,35,974.88 1,19,951.33
V. PROFIT BEFORE EXCEPTIONAL ITEM AND TAX (III-IV) 8,511.13 7,816.40
Exceptional Item 34 - (340.58)
VI. PROFIT BEFORE TAX 8,511.13 8,156.98
VII. TAX EXPENSES
Current Tax
a) Current Tax Expense 2,541.48 2,092.58
b) (Excess)/Short Tax provision for earlier years 14.79 (18.81)
c) Deferred Tax Liability/ (Assets) 406.11 828.20
2,962.38 2,901.96
VIII. PROFIT AFTER TAX FOR THE YEAR (VI-VII) 5,548.75 5,255.01
IX. OTHER COMPREHENSIVE INCOME/(LOSS)
A) Items that will not be reclassified subsequently to the statement of
profit and loss
(i) Remeasurement of Defined Benefit Plans (130.16) (110.93)
(ii) Income tax on items Items that will not be reclassified subsequently 45.48 39.55
to the statement of profit and loss
(84.68) (71.38)
B) Items that will be reclassified subsequently to the statement of profit - -
and loss
TOTAL OTHER COMPREHENSIVE INCOME (NET OF TAX) (84.68) (71.38)
X. TOTAL COMPREHENSIVE INCOME (NET OF TAX) (VIII+IX) 5,464.07 5,183.63
Basic and Diluted Weighted Earning per Equity Share (Nominal value H 10 45 42.16 39.93
per share)
Significant Accounting Policies and Notes to financial Statements. 1 to 60

The accompanying notes are an integral part of the financial statements.

For and on behalf of the Board of Directors As per our report of even date
For V. Sachdeva & Associates
Chartered Accountants
Firm Registration Number: 004417N

Sd/- Sd/- Sd/- Sd/- Sd/-

J. K. Jain Rahul Jain O.P. Gupta Arvind K. Chauhan (V. Sachdev)
Managing Director Director Chief Financial Officer Company Secretary Prop. (Membership No. 083435)
Place : Rai, Sonepat (HR.)
Date : 14/05/2019
Annual Report 2018-19 | 97
Statement of Changes in Equity for the year ended 31.03.2019
A. Equity Share Capital
Particulars Note Number Amount H in
No. Lakhs
Equity share of H 10/- each Issued, subscribed and fully paid
Balance as at 1st April 2017 1,31,59,830 1,315.98
Changes in equity share capital during the year - -
Balance as at 1st April 2018 1,31,59,830 1,315.98
Changes in equity share capital during the year - -
Balance as at 31st March 2019 14 1,31,59,830 1,315.98

B. Other Equity (Amount H in Lakhs)

Particulars Note Securities General Foreign Retained Total
No. Premium Reserve currency Earnings
Reserve Monetary
Translation
Difference
Account
Balance as at 1st April 2017 16,722.77 2,760.00 0.47 20,182.49 39,665.73
Addition during the year
1) Profit for the year 5,255.01 5,255.01
2) Other Comprehensive Income for the Year (71.38) (71.38)
3) Exchange Difference on translation 0.80 0.80
Deduction during the year
1) Transfer to General Reserve 520.00 (520.00) -
2) Dividend Paid (H 8 per share) (1,052.79) (1,052.79)
3) Tax on dividend paid (214.32) (214.32)
Balance as at 1st April 2018 16,722.77 3,280.00 1.27 23,579.01 43,583.05
Addition during the year
1) Profit for the year 5,548.75 5,548.75
2) Other Comprehensive Income for the Year (84.68) (84.68)
3) Exchange Difference on translation (1.27) (1.27)
Deduction during the year
1) Transfer to General Reserve 560.00 (560.00) -
2) Dividend Paid (H 9 per share) (1,184.38) (1,184.38)
3) Tax on dividend paid (243.49) (243.49)
4) Interim Dividend Paid (H 8 per share) (1,052.79) (1,052.79)
5) Tax on Interim dividend paid (216.40) (216.40)
Balance as at 31st March 2019 15 16,722.77 3,840.00 (0.00) 25,786.01 46,348.79
Significant Accounting Policies and Notes to financial Statements. 1 to 60
The accompanying notes are an integral part of the financial statements.
For and on behalf of the Board of Directors As per our report of even date
For V. Sachdeva & Associates
Chartered Accountants
Firm Registration Number: 004417N
Sd/- Sd/- Sd/- Sd/- Sd/-
J. K. Jain Rahul Jain O.P. Gupta Arvind K. Chauhan (V. Sachdev)
Managing Director Director Chief Financial Officer Company Secretary Prop. (Membership No. 083435)
Place : Rai, Sonepat (HR.)
Date : 14/05/2019

98 | Fiem Industries Limited

Cash Flow Statement for the year ended 31.03.2019
(Amount H in Lakhs)
Particulars 2018-2019 2017-2018
A: CASH FLOW FROM OPERATING ACTIVITIES:
Net Profit Before Tax As Per Statement of Profit and Loss 8,511.13 8,156.98
Adjustments for
Depreciation & Amortization 4,891.61 4,432.47
Loss (Profit) on sale/discarded of Property, Plant and Equipments (13.06) 5.20
Gain (Loss) on Unrealised Foreign Exchange (19.05) (12.01)
Provision for Bad & Doubtful Debts 24.15 28.92
Bad Debt written-off 53.44 35.33
Exceptional Item - (340.58)
Interest/Income on Term Deposit & Current Investment (52.64) (419.51)
Finance Costs 2,209.79 7,094.24 2,272.41 6,002.23
Operating Profit before Working Capital Changes 15,605.37 14,159.21
Adjustment for (Increase)/decrease in Operating Assets
Inventories (697.10) (3,784.62)
Trade Receivables (321.37) (1,642.12)
Other Current Financial and non-current assets 200.83 (817.64) (1,567.92) (6,994.66)
Adjustment for Increase/(decrease) in Operating Liabilities
Trade Payable, Financial liabilities and provisions (895.57) (895.57) 6,923.18 6,923.18
Cash Generated from Operating Activities 13,892.16 14,087.73
Income Tax Paid (Including Tax Deducted at Source) (1,947.39) (1,947.39) (1,641.92) (1,641.92)
Net Cash From Operating Activities 11,944.77 12,445.81

B: CASH FLOW FROM INVESTING ACTIVITIES:

Purchase of Property, Plant and Equipments & Intangible Assets (Net) (7,407.78) (11,545.39)
Investment in Subsidiary, Joint Venture etc. (2,680.38) (28.08)
Redemption in Liquid Mutual Fund 1,909.56 6,699.91
Interest/Income on Term Deposit & Current Investment 52.64 419.51
Net Cash (Used) in Investing Activities (8,125.96) (4,454.05)

C: CASH FLOW FROM FINANCING ACTIVITIES:

Final Dividend Paid (1,184.38) (1,052.79)
Interim Dividend Paid (1,052.79) -
Dividend Distribution Tax Paid (459.89) (214.32)
Finance Costs Paid (2,220.74) (2,292.44)
Increase/(Decrease) in Long-Term Borrowing 968.57 (3,884.82)
Increase/(Decrease) in Short-Term Borrowing 139.84 (2,708.32)
Net Cash (used)/from Financing Activities (3,809.39) (10,152.69)
Net Increase/(Decrease) in Cash & Cash Equivalents (A+B+C) 9.42 (2,160.93)
Opening Balance of Cash & Cash Equivalents 110.36 2,270.64
Closing Balance of Cash & Cash Equivalents 119.17 110.36
Effect of Exchange Rate change Loss/(Gain) 0.61 (0.65)
Net Increase in cash & cash equivalents 9.42 (2,160.93)

Annual Report 2018-19 | 99

Cash Flow Statement for the year ended 31.03.2019
Note:- Previous Year's figures have been regrouped/reclassified wherever necessary to correspond with the current year's
classification/disclosure (Amount H in Lakhs)
Movement in Financial Liabilities Non- Current Interest Total
Current Borrowings Payable
Borrowings
As on 01/04/2018 12,198.05 3,706.82 59.93 15,964.80
Cash Flow 968.57 139.84 - 1,108.41
Interest Expenses - - 2,209.79 2,209.79
Interest Paid - - (2,220.74) (2,220.74)
Interest Capitalized - - 40.18 40.18
As on 31/03/2019 13,166.62 3,846.66 89.16 17,102.44

For and on behalf of the Board of Directors As per our report of even date
For V. Sachdeva & Associates
Chartered Accountants
Firm Registration Number: 004417N

Sd/- Sd/- Sd/- Sd/- Sd/-

J. K. Jain Rahul Jain O.P. Gupta Arvind K. Chauhan (V. Sachdev)
Managing Director Director Chief Financial Officer Company Secretary Prop. (Membership No. 083435)
Place : Rai, Sonepat (HR.)
Date : 14/05/2019

100 | Fiem Industries Limited