Annual Report

MIRAGE CERAMICS 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
MIRAGE CERAMICS PRIVATE
Name of company LIMITED
Corporate identity number U51909MH2005PTC153140
Permanent account number of entity AAECM2513R
TRADE WORLD,D-WING, 7TH
FLR; SENAPATI BAPAT MARG
Address of registered office of company KAMALA MILL COMPOUND,
LOWER PAREL (W) MUMBAI
Mumbai City-400013
Commercial and
Type of industry Industrial
Registration date 09/05/2005
Company limited by
Category/sub-category of company Shares/ Non-govt company
Whether company is listed company No
Date of board meeting when final accounts were approved 05/09/2017
Period covered by financial statements 12 Months 12 Months
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
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)

Types of principal product or services [Axis] Column 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 6907
Description of product or service category VITRIFIED TILES
Turnover of product or service category 45,59,22,369
Highest turnover contributing product or service (ITC 8 digit) code 69079090
Description of product or service VITRIFIED TILES
Unit of measurement of highest contributing product or service SQ MTR
Turnover of highest contributing product or service 45,59,22,369
Quantity of highest contributing product or service in UoM [pure] 9,78,900.12
MIRAGE CERAMICS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017
[400400] Disclosures - Directors report
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] Column 1 Column 2
01/04/2016 01/04/2016
to to
31/03/2017 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 SHRIKANT RAUNAK
Middle name of director SUDHIR PRASHANT
Last name of director KHADILKAR KHADILKAR
Designation of director Director Additional Director
Director identification number of director 00260477 07836882
Date of signing board report 05/09/2017 05/09/2017
Details of indebtedness of company [Table] ..(1)

Secured loans
Indebtedness [Axis] Indebtedness [Member] excluding deposits
[Member]
01/04/2016 01/04/2016
to 31/03/2016 31/03/2015 to
31/03/2017 31/03/2017
Details of indebtedness of company [Abstract]
Details of indebtedness of company [LineItems]
Changes in indebtedness [Abstract]
Addition in indebtedness 24,51,68,031 0
Reduction in indebtedness 30,45,20,121 30,45,20,121
Total changes in indebtedness -5,93,52,090 -30,45,20,121
Principal amount at end of financial year 43,55,86,742 49,49,38,832 50,01,95,947 0
Total indebtedness at end of financial year 43,55,86,742 49,49,38,832 50,01,95,947 0

Secured loans excluding deposits
Indebtedness [Axis] Unsecured loans [Member]
[Member]
01/04/2016
31/03/2016 31/03/2015 to 31/03/2016
31/03/2017
Changes in indebtedness [Abstract]
Addition in indebtedness 24,51,68,031
Reduction in indebtedness 0
Total changes in indebtedness 24,51,68,031
Principal amount at end of financial year 30,45,20,121 42,62,67,097 43,55,86,742 19,04,18,711
Total indebtedness at end of financial year 30,45,20,121 42,62,67,097 43,55,86,742 19,04,18,711

Unsecured loans
Indebtedness [Axis]
[Member]
31/03/2015
Principal amount at end of financial year 7,39,28,850
Total indebtedness at end of financial year 7,39,28,850
2
Details of shareholding of promoters [Table] ..(1)

Promoters [Axis] Column 1 Column 2
01/04/2016 01/04/2016
to 31/03/2016 31/03/2015 to
31/03/2017 31/03/2017
Total number of shares held at end of period [shares] 34,47,950 [shares] 34,47,950 [shares] 34,49,950 [shares] 15,00,000
Percentage of total shares held at end of period 68.95% 68.95% 68.99% 30.00%
Percentage of change in shares held during year 0.00% 0.00%
Details of shareholding of promoters [Abstract]
Details of shareholding of promoters [LineItems]
Splendor Shelters
Shareholder’s name Mr. Shrikant Khadilkar
Pvt. Ltd.
Percentage of shares pledged/encumbered
0.00% 0.00% 0.00% 0.00%
to total shares at end of period
Percentage of total shares held at end of
68.95% 68.95% 68.99% 30.00%
period
68.95% 68.95% 68.99% 30.00%
period

01/04/2016
31/03/2016 31/03/2015 to 31/03/2016
31/03/2017
Total number of shares held at end of period [shares] 15,00,000 [shares] 15,00,000 [shares] 50,000 [shares] 50,000
Percentage of change in shares held during year 0.00%
Shareholder’s name Shabbir Tambawala
0.00% 0.00% 0.00% 0.00%
30.00% 30.00% 1.00% 1.00%
period
30.00% 30.00% 1.00% 1.00%
period
3

01/04/2016
31/03/2015 to 31/03/2016 31/03/2015
31/03/2017
Total number of shares held at end of period [shares] 50,000 [shares] 4 [shares] 4 [shares] 4
Shareholder’s name Abhirath Multitrading Pvt. Ltd.
0.00% 0.00% 0.00% 0.00%
1.00% 0.00% 0.00% 0.00%
period
1.00% 0.00% 0.00% 0.00%
period

01/04/2016 01/04/2016
to 31/03/2016 31/03/2015 to
31/03/2017 31/03/2017
Total number of shares held at end of period [shares] 4 [shares] 4 [shares] 4 [shares] 5
Samayak Multitrade
Shareholder’s name Dhani Commodities Pvt. Ltd.
Pvt. Ltd.
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period
4

01/04/2016
31/03/2016 31/03/2015 to 31/03/2016
31/03/2017
Sthanik Construction
Shareholder’s name Company
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period

01/04/2016
31/03/2015 to 31/03/2016 31/03/2015
31/03/2017
Shareholder’s name Abhijeet R. Dalvi
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period
5

01/04/2016 01/04/2016
to 31/03/2016 31/03/2015 to
31/03/2017 31/03/2017
Amit Tarachand
Shareholder’s name Ajay Kumar Gayaprasad Varma
Shah
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period

01/04/2016
31/03/2016 31/03/2015 to 31/03/2016
31/03/2017
Shareholder’s name Anita Anant Pawar
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period
6

01/04/2016
31/03/2015 to 31/03/2016 31/03/2015
31/03/2017
Shareholder’s name Asha Ramanbhai Rawal
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period

01/04/2016 01/04/2016
to 31/03/2016 31/03/2015 to
31/03/2017 31/03/2017
B P C Financial Ser.
Shareholder’s name Ashwin B Patel
Pvt Ltd
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period
7

01/04/2016
31/03/2016 31/03/2015 to 31/03/2016
31/03/2017
Shareholder’s name Bharti Kanjibhai Chauhan
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period

01/04/2016
31/03/2015 to 31/03/2016 31/03/2015
31/03/2017
Shareholder’s name Bhavna Ghanshayam Patel
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period
8

01/04/2016 01/04/2016
to 31/03/2016 31/03/2015 to
31/03/2017 31/03/2017
Chandrakant Kamani
Shareholder’s name Bipinchandra Bhanushankar Rawal
HUF
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period

01/04/2016
31/03/2016 31/03/2015 to 31/03/2016
31/03/2017
Shareholder’s name D S Thakkar
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period
9

01/04/2016
31/03/2015 to 31/03/2016 31/03/2015
31/03/2017
Shareholder’s name Daksha Shailesh Rawal
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period

01/04/2016 01/04/2016
to 31/03/2016 31/03/2015 to
31/03/2017 31/03/2017
Shareholder’s name Hiramani Asharia Haria Jagruti Joshi
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period
10

01/04/2016
31/03/2016 31/03/2015 to 31/03/2016
31/03/2017
Shareholder’s name Jasmina Dedhiya
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period

01/04/2016
31/03/2015 to 31/03/2016 31/03/2015
31/03/2017
Shareholder’s name Jayant Mhatre
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period
11

01/04/2016 01/04/2016
to 31/03/2016 31/03/2015 to
31/03/2017 31/03/2017
Shareholder’s name Kirti Mhatre L A Haria
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period

01/04/2016
31/03/2016 31/03/2015 to 31/03/2016
31/03/2017
Shareholder’s name Laxmichand Dedhia
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period
12

01/04/2016
31/03/2015 to 31/03/2016 31/03/2015
31/03/2017
Shareholder’s name Lehita Mhatre
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period

01/04/2016 01/04/2016
to 31/03/2016 31/03/2015 to
31/03/2017 31/03/2017
Meenakshi Surendra
Shareholder’s name Manjula Dedhia
Jain
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period
13

01/04/2016
31/03/2016 31/03/2015 to 31/03/2016
31/03/2017
Shareholder’s name Narendra Parikshit Trivedi
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period

01/04/2016
31/03/2015 to 31/03/2016 31/03/2015
31/03/2017
Shareholder’s name Piyush Kumar Gupta
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period
14

01/04/2016 01/04/2016
to 31/03/2016 31/03/2015 to
31/03/2017 31/03/2017
Shareholder’s name Rakesh Natwarlal Rawal S Joshi
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period

01/04/2016
31/03/2016 31/03/2015 to 31/03/2016
31/03/2017
Shareholder’s name Sadanand Ganapati Bhat
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period
15

01/04/2016
31/03/2015 to 31/03/2016 31/03/2015
31/03/2017
Shareholder’s name Sanjay Joshi
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period

01/04/2016 01/04/2016
to 31/03/2016 31/03/2015 to
31/03/2017 31/03/2017
Susila Ravindra
Shareholder’s name Shahid Sarkar - Loan Ac
Gupta
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period
16

01/04/2016
31/03/2016 31/03/2015 to 31/03/2016
31/03/2017
Shareholder’s name Susila Ravindra Gupta
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period

01/04/2016
31/03/2015 to 31/03/2016 31/03/2015
31/03/2017
Shareholder’s name Vallabhabhai Narayan Parmar
0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00%
period
0.00% 0.00% 0.00% 0.00%
period
17

01/04/2016 01/04/2016
to 31/03/2016 31/03/2015 to
31/03/2017 31/03/2017
Total number of shares held at end of period [shares] 1,000 [shares] 1,000 [shares] 0 [shares] 1,000
Shareholder’s name Kamlesh Mehta Vikas Mehta
0.00% 0.00% 0.00% 0.00%
0.02% 0.02% 0.00% 0.02%
period
0.02% 0.02% 0.00% 0.02%
period

Promoters [Axis] Column 42
31/03/2016 31/03/2015
Total number of shares held at end of period [shares] 1,000 [shares] 0
Percentage of total shares held at end of period 0.02% 0.00%
Percentage of shares pledged/encumbered to total shares at end of period 0.00% 0.00%
18
Details of shareholding pattern [Table] ..(1)

Promoters
Shareholding pattern [Axis] Shareholders [Member]
[Member]
31/03/2017 31/03/2016 31/03/2015 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] 50,00,000 [shares] 50,00,000 [shares] 50,00,000 [shares] 50,00,000
100.00% 100.00% 100.00% 100.00%
period
100.00% 100.00% 100.00% 100.00%
period

Shareholding pattern [Axis] Promoters [Member] Indian [Member]
31/03/2016 31/03/2015 31/03/2017 31/03/2016
100.00% 100.00% 100.00% 100.00%
period
100.00% 100.00% 100.00% 100.00%
period

Shareholding pattern [Axis] Indian [Member] Individual/HUF [Member]
31/03/2015 31/03/2017 31/03/2016 31/03/2015
100.00% 70.00% 70.00% 70.00%
period
100.00% 70.00% 70.00% 70.00%
period
19

Shareholding pattern [Axis] Corporate bodies [Member]
31/03/2017 31/03/2016 31/03/2015
Number of demat shares held at end of period [shares] 0 [shares] 0 [shares] 0
Number of physical shares held end of period [shares] 15,00,014 [shares] 15,00,014 [shares] 15,00,014
Total number of shares held at end of period [shares] 15,00,014 [shares] 15,00,014 [shares] 15,00,014
Percentage of total shares held at end of period 30.00% 30.00% 30.00%
20

01/04/2016
to
31/03/2017
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
During the year under
review, total income of
the Company was
Rs.63,57,20,279/-as
compared to
Description of state of companies affair Rs.66,54,43,858/-
during previous year and
a loss of Rs.67,20,444/-
as compared to Rs.
4,04,27,812/-.
During the year under the
Disclosure relating to amounts if any which is proposed to carry to any
review no amount has been
reserves transferred to Reserves.
The Directors do not
Disclosures relating to amount recommended to be paid as dividend recommendany dividend
during the year.
Details regarding energy conservation [See below]
Details regarding technology absorption [See below]
Foreign exchange Inflow:
41152875/- Foreign
Details regarding foreign exchange earnings and outgo Exchange Outflow:
30892391/-
Disclosures in director’s responsibility statement [See below]
No Material Changes and
commitments affecting
the financial position
Details of material changes and commitment occurred during period of the Company have
affecting financial position of company occurred between the end
of the Financial Year
under review and the date
of the report.
/>
Company did
not give any loans,
Particulars of loans guarantee investment under section 186 [TextBlock] guarantees and make any
Investment covered under
the provisions of Section
186 of the Companies Act,
2013.
Particulars of contracts/arrangements with related parties under section Textual information (5)
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
No
arm's length basis
Date of board of directors' meeting in which board's report referred
05/09/2017
to under section 134 was approved
Pursuant
to Section 92(3) of the
Companies Act, 2013, the
Disclosure of extract of annual return as provided under section 92(3)
extract of the Annual
[TextBlock] Return in Form No. MGT – 9
forms part of this Board’s
report.
Details of change in promoters shareholding [TextBlock]
Details of shareholding pattern of directors and key managerial
personnel [TextBlock]
No specific
Disclosure of statement on declaration given by independent directors disclosure

under section 149(6) [TextBlock]
21
No specificx
Disclosure for companies covered under section 178(1) on
disclosure
directors appointment and remuneration including other matters
provided under section 178(3) [TextBlock]
T h e
Company does not have
formal risk Management
Disclosure of statement on development and implementation of risk
Policy as the elements of
management policy [TextBlock] risk threatening the
Company’s existence are
very minimal.
Details on policy development and implementation by company on

No specific
corporate social responsibility initiatives taken during year disclosure
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
T h e
Financial results and
performance for the year
Disclosure of financial summary or highlights [TextBlock] are elaborated above in
this Report.
No specific
disclosure
Disclosure of change in nature of business [TextBlock]
Details of directors or key managerial personnels who were Textual information (6)
appointed or have resigned during year [TextBlock] [See below]
No specific
Disclosure of companies which have become or ceased to be its
disclosure
subsidiaries, joint ventures or associate companies during
year [TextBlock]
Details relating to deposits covered under chapter v of companies act Textual information (7)
[TextBlock] [See below]
Details of deposits which are not in compliance with requirements No specific
of chapter v of act [TextBlock] disclosure
Details of significant and material orders passed by
regulators or courts or tribunals impacting going concern [See below]
status and company’s operations in future [TextBlock]
T h e
Company has an adequate
internal financial
Details regarding adequacy of internal financial controls with
control system,
reference to financial statements [TextBlock] commensurate with the
size of its business
operations.
T h e
provisions of CSR were not
Disclosure of contents of corporate social responsibility policy
applicable to the Company
[TextBlock] during the Financial
Year.
Disclosure of appointment and remuneration of managerial personnels Textual information (9)
[TextBlock] [See below]
Number of meetings of board [pure] 6
22
Disclosure in board of directors report explanatory [Text Block]

Mirage Ceramics Private Limited
Your Directors are pleased to present the Annual Report and the Audited Financial Statements for the Financial Year ended 31st March, 2017.
Financial Results 2016-17 2015-16
Income from operations and Other Income 63,57,20,279 66,54,43,858
Less: Total Expenditure 63,46,25,490 70,20,59,303
Profit (loss) before tax 10,94,789 (3,66,15,444)
Provision for deferred Tax 78,15,233 38,12,368
Prior Period Expense 4,20,989 -
Provision for Current Tax 2,20,000 -
Profit (Loss) after tax (67,20,444) (4,04,27,812)
Add: Depreciation Written Back - -
Profit (Loss) for the year (67,20,444) (4,04,27,812)
Auditors:
M/s D.K. Rajarshi & Co., Chartered Accountants, Mumbai(Reg. No. 108338W), retire as Statutory Auditors at the conclusion of the ensuing
Annual General Meeting and are eligible for re-appointment. The Company has received a letter from the retiring Auditors to the effect that their
23
appointment as Statutory Auditors, if made, would be within the limits prescribed u/s 141 of the Companies Act, 2013.
Members are requested to consider and re-appoint M/s D. K. Rajarshi & Co., Chartered Accountants Mumbai, as the Statutory Auditors of the
Company to hold the office from the conclusion of ensuing Annual General Meeting till the conclusion of Annual General Meeting of the
Company to be held for the Financial Year 2021-22, subject to ratification (as required under the Act) as to the said appointment at every Annual
General Meeting.
Details of Subsidiary/Associate Companies/ Joint Ventures:
The Company did not have any Subsidiary/Associate Companies/ Joint Ventures during the year under review.
Acknowledgment
The Board wishes to place on record its appreciation of sincere efforts put in by the employees of the Company, in helping it reach its current
growth levels. Your Directors place on record their appreciation for the support and assistance received from the investors, customers, vendors,
bankers, financial institutions, business associates, regulatory and governmental authorities.
Details regarding energy conservation

Steps taken or impact on conservation of energy: Wherever possible, efforts were made during the year, to reduce energy consumption. Steps
taken by company for utilising alternate source of energy: N.A. Capital investment on energy conservation equipments:No additional investment
and proposal for reduction of energy consumption are envisaged.
Details regarding technology absorption

TECHNOLOGY ABSORPTION: The efforts made towards technology absorption:Efforts were made to reduce manufacturing process time and
improve quality Benefit derived like product improvement, cost reduction, product development, import substitution etc.:-As a result of efforts
taken in development of manufacturing process, reduction in cost shall be possible Details of Technology imported:-No technology has so far
been imported by the Company any of its Product. The Expenditure incurred on Research and Development:- NIL.
Disclosures in director’s responsibility statement

Pursuant to the requirement u/s 134(3)(c) of the Companies Act, 2013(the “Act”) with respect to Directors’ Responsibility Statement, it is hereby
confirmed that: i) in the preparation of the annual accounts for the financial year ended 31st March, 2017, the applicable accounting standards
have been followed along with proper explanation relating to material departures; ii) the Directors have 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 ended 31st March, 2017 and of the loss of the company for the year ended on that date; iii)
the Directors have taken proper and sufficient care for the 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 fraud and other irregularities; iv) the Directors have prepared the
annual accounts on a going concern basis; and v) the Directors have devised proper systems to ensure compliance with the provisions of all
applicable laws and that such systems are adequate and operating effectively.
24
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
All related party transactions that were entered into during the financial year were on an arm’s length basis and were in the ordinary course of
business. There are no materially significant related party transactions made by the Company with Promoters, Directors, Key Managerial
Personnel or other designated persons which may have a potential conflict with the interest of the Company at large.
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]
During the year under review, Mr. Raunak Khadilkar was appointedas an Additional Director w.e.f 31st May, 2017. Members are requested to
appoint him in the Annual General Meeting.
Also, Mr. Mukesh Bafna and Mr. Mukesh Doshi resigned w.e.f. 02nd June, 2017.
Details relating to deposits covered under chapter v of companies act [Text Block]
During the year under review, your Company has accepted or renewed fixed deposits from its members in compliance with the provisions of
Section 73 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014.
Details of significant and material orders passed by regulators or courts or tribunals impacting going concern status
and company’s operations in future [Text Block]
There are no significant material orders passed by the Regulators / Courts / Tribunal which would impact the going concern status of the
Company and its future operations. Hence, disclosure pursuant to Rule 8 (5) (vii) of Companies (Accounts) Rules, 2014 is not required.
Disclosure of appointment and remuneration of managerial personnels [Text Block]

During the year under review, total income of the Company was Rs. 63,57,20,279/-as compared to Rs. 66,54,43,858/- during previous year and a
loss of Rs. 67,20,444/- as compared to Rs. 4,04,27,812/-.
25
[400200] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)

Auditors [Axis] Column 1
01/04/2016
to
31/03/2017
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Name of audit firm D. K. Rajarshi & Co.
RANE KIRAN
Name of auditor signing report HARISHCHANDRA
Firms registration number of audit firm 108338W
Membership number of auditor 044635
301 3RD FLOOR,
REGAL
INDUSTRIAL
ESTATE,
Address of auditors ACHARYA DONDE
MARG,
SEWRI-WEST
MUMBAI - 400015
Permanent account number of auditor or auditor's firm AAAFD1447L
SRN of form ADT-1 G14904494
Date of signing audit report by auditors 05/09/2017
Date of signing of balance sheet by auditors 05/09/2017
26
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark unfavourable applicable
[Member] remark [Member] [Member]
01/04/2016 01/04/2016 01/04/2016
to to to
31/03/2017 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]
Disclosure in auditors report relating to fixed assets Please refer below
The Company has
maintained proper
records showing full
particulars including
quantitative details
Disclosure relating to quantitative details of fixed assets and situation of fixed
assets. The Company
is in the process of
Preparation of Fixed
Assets Register.
Disclosure relating to physical verification and material Textual information
discrepancies of fixed assets (10) [See below]
Textual information
Disclosure relating to title deeds of immovable properties (11) [See below]
Textual information
Disclosure in auditors report relating to inventories (12) [See below]
Textual information
Disclosure in auditors report relating to loans (13) [See below]
Disclosure in auditors report relating to compliance with Textual information
Section 185 and 186 of Companies Act, 2013 (14) [See below]
Textual information
Disclosure in auditors report relating to deposits accepted (15) [See below]
Disclosure in auditors report relating to maintenance of cost Textual information
records (16) [See below]
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (17) [See below]
Disclosure relating to regularity in payment of undisputed Textual information
statutory dues [TextBlock] (18) [See below]
In our opinion and
according to the
information and
explanations given to
Disclosure in auditors report relating to default in repayment of
us, the company has
financial dues not defaulted in
repayment of dues to
its bankers and any
financial institution.
Disclosure in auditors report relating to public offer and Textual information
term loans used for purpose for which those were raised (19) [See below]
Disclosure in auditors report relating to fraud by the
Textual information
company or on the company by its officers or its (20) [See below]
employees reported during period
Textual information
Disclosure in auditors report relating to managerial remuneration (21) [See below]
In our opinion and
according to the
information and
explanations given to
us, the company is
Disclosure in auditors report relating to Nidhi Company not a nidhi company.
Accordingly
paragraph 3(xii) of
the order is not
applicable.
Disclosure in auditors report relating to transactions with related Textual information
parties (22) [See below]
Disclosure in auditors report relating to preferential
Textual information
allotment or private placement of shares or convertible (23) [See below]
debentures
Disclosure in auditors report relating to non-cash Textual information
transactions with directors or persons connected with him (24) [See below]
27
The company is not

required to be
Disclosure in auditors report relating to registration registered under
under section 45-IA of Reserve Bank of India Act, 1934 section 45-IA of the
Reserve Bank of
India Act, 1934.

01/04/2016
to
31/03/2017
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
Disclosure relating to physical verification and material discrepancies of fixed assets

All the assets have been physically verified by the management during the year and there is a regular program of verification which in our opinion
is reasonable having regards to the size of the company and the nature of its assets. No material discrepancies were noticed on verification
Disclosure relating to title deeds of immovable properties

According to the information and explanation given to us and on the basis of our examination of the records of the company, the title deeds of the
immovable properties are held in the name of the company.
Disclosure in auditors report relating to inventories

The inventories have been physically verified during the year by the management. In our opinion, the frequency of verification is reasonable. In
our opinion and according to the information and explanations given to us, the procedure of physical verification of inventories, followed by the
management are reasonable and adequate in relation to the size of the Company and the nature of its business. The Company has maintained
proper records of inventories. As explained to us, there were no material discrepancies noticed on physical verification of inventories as compared
to the book records.
Disclosure in auditors report relating to loans

The company has not granted any secured or unsecured loans, to the companies, firms or other parties covered in the register maintained under
section 189 of the Companies Act 2013. Accordingly, clause (b) and clause (c) of point (iii) of Paragraph 3 of the order is not applicable to the
company.
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
In our opinion and according to the information and explanations given to us, the company has complied with the provisions of section 185 and
186 of the Companies Act, 2013, with respect to the loans and investments made.
28
Disclosure in auditors report relating to deposits accepted

The Company has not accepted any deposits from the public and hence the directives issued by the Reserve Bank of India and the provisions of
Sections 73 to 76 or any other relevant provisions of the Act and the Companies (Acceptance of Deposit) Rules, 2015with regard to the deposits
accepted from the public are not applicable.
Disclosure in auditors report relating to maintenance of cost records

The maintenance of Records has not been specified by the Central Government under Section 148(1) of the Companies Act, 2013. We have
broadly reviewed the cost records maintained by the Company suo-moto pursuant to the Companies (Cost Records & Audit) Rules, 2014
prescribed by the Central Government under Section 148(1) of the Companies act, 2013 and are of the opinion that prima facie the prescribed cost
records have been maintained. The Cost Audit is not conducted for the company by a Cost Accountant. We have, however, not made a detailed
examination of the cost records with a view to determine whether they are accurate or complete.
Disclosure in auditors report relating to statutory dues [Text Block]

According to the records of the company, the Company is not regular in depositing with appropriate authorities undisputed statutory dues
including provident fund, income tax, wealth tax, sales tax, profession tax, service tax, customs duty, excise duty, cess and other statutory dues
applicable to it.
Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]

According to the information and explanations given to us, no undisputed amounts payable in respect of the aforesaid dues were outstanding, as at
31st March, 2017 for a period of more than six months from the date they became payable except MVAT Payable for F.Y. 2014-15 of Rs.
12,59,816/-, F.Y. 2015-16 of Rs. 63,00,674/-, F.Y. 2016-17 of Rs. 1,07,80,999/- CST Payable for F.Y. 2014-15 of Rs. 100,553/-, for F.Y.
2016-17 of Rs 22,26,064/-, PF Payable for F.Y. 2015-16 of Rs.49,94,714 /-, for F.Y. 2016-17 of Rs. 59,23,120/-, Excise for F.Y. 16-17 of Rs.
22,49,631/-
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
The company did not raise any money by way of initial public offer or further public offer (including debt instrument). In our opinion and to the
best of our knowledge and belief and according to the information and explanations given to us, the term loans availed by the company have
prima facie, been applied for the purpose for which they were obtained
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
During the course of our examination of the books and records of the company carried out in accordance with the generally accepted auditing
practices in India, we have neither come across any instances of fraud by the Company, noticed or reported during the year under audit, nor have
we been informed of any such case by the management of the company.
29
Disclosure in auditors report relating to managerial remuneration

According to the information and explanations given to us and based on our examination of records of the company, the company has paid /
provided for managerial remuneration in accordance with the requisite approvals mandated by the provisions of section 197 read with Schedule V
to the act.
Disclosure in auditors report relating to transactions with related parties

According to the information and explanations given to us and based on our examination of records of the company, transactions with the related
parties are in compliance with section 177 and 188 of the act where applicable and details of such transactions have been disclosed in the financial
statements as required by the applicable accounting standards.
Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible
debentures
According to the information and explanations given to us and based on our examination of 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.
Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
According to the information and explanations given to us and based on our examination of records of the company, the company has not entered
into non-cash transactions with directors of persons connected with him. Accordingly paragraph 3(xv) of the order is not applicable.
30
Disclosure in auditor’s report explanatory [Text Block]

Report on the Standalone Financial Statements:
We have audited the accompanying Standalone financial statements of Mirage Ceramics Pvt Ltd.(‘the Company’), which comprise the Balance
Sheet as at March 31st, 2017, the Statement of Profit and Loss, the Cash Flow Statement for the year ended, and a summary of significant
accounting policies and other explanatory information.
Management’s Responsibility for the Financial Statements :
The Company’s Board of Directors is responsible for the matters stated in section 134 (5) of the Companies Act, 2013(“the Act”) with respect to
the preparation of these Standalone financial statements that give a true and fair view of the financial position, financial performance and cash
flows of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified
under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.
This responsibility also includes the maintenance of adequate accounting records in accordance with the provision of the Act for safeguarding of
the assets of the Company and for preventing and detecting the 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 internal financial
control, 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.
Auditor’s Responsibility :
Our responsibility is to express an opinion on these Standalone 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 there under.
We conducted our audit in accordance with the Standards on Auditing specified under section 143(10) of 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 disclosures in the financial statements. 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. In making those risk assessments, the auditor considers internal financial control relevant to the Company’s preparation of the
financial statements that give true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of the accounting estimates made by 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 Standalone
financial statements.
Opinion :
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Standalone financial statements give
31
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:
in the case of the balance sheet, of the state of affairs of the Company as at March 31st, 2017;
in the case of the statement of profit and loss, of the Profit for the year ended on that date;
in the case of the Cash Flow Statement, of the cash flows for the year ended on that date.
Report on Other Legal and Regulatory Requirements :
As required by the Companies (Auditor’s Report) Order, 2016 (“the Order”), as amended, issued by the Central Government of India in terms of
sub-section (11) of section 143 of the Act, we give in the “Annexure A”, a statement on the matters specified in paragraphs 3 and 4 of the Order
to the extent applicable.
As required by section 143(3) of the Act, we report that:
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.
In our opinion, proper books of account as required by the law have been kept by the Company so far as it appears from our examination of those
books;
The Balance Sheet, Statement of Profit and Loss and Cash Flow Statement dealt with by this report are in agreement with the books of account;
In our opinion, the aforesaid Standalone financial statements comply with the Accounting Standards specified under Section 133 of the Act, read
with Rule 7 of the Companies (Accounts) Rules, 2014.
On the basis of written representations received from the directors as on 31 March, 2017, taken on record by the Board of Directors, none of the
directors is disqualified as on 31 March, 2017, from being appointed as a director in terms of Section 164(2) of the Act.
The 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 B”.
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 :
The Company does not have any pending litigations which would impact its financial position.
The Company did not have any Long-Term contracts including Derivatives Contracts for which there were any material foreseeable losses.
There were no amounts which required to be transferred by the company, to the Investors Education and Protection Fund.
ANNEXURE (B) TO THE INDEPENDENT AUDITOR’S REPORT OF EVEN DATE ON THE STANDALONE FINANCIAL
STATEMENTS:
32
Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)
We have audited the internal financial controls over financial reporting of the Company as of March 31, 2017 in conjunction with our audit of the
standalone 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”. 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 both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered
Accountants of India. 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 judgement, 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.
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
33
management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any 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”.
[400500] Disclosures - Secretarial audit report

01/04/2016
to
31/03/2017
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
34
[100100] Balance sheet

31/03/2017 31/03/2016 31/03/2015
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 12,86,00,000 12,86,00,000 5,00,00,000
Reserves and surplus -75,08,325 -7,87,881
Total shareholders' funds 12,10,91,675 12,78,12,119
Share application money pending allotment 0 0
Non-current liabilities [Abstract]
Long-term borrowings 43,55,86,742 49,49,38,832
Other long-term liabilities 0 0
Long-term provisions 61,98,008 41,45,919
Total non-current liabilities 44,17,84,750 49,90,84,751
Current liabilities [Abstract]
Short-term borrowings 0 0
Trade payables 11,72,37,570 11,42,09,283
Other current liabilities 31,12,69,606 24,97,38,907
Short-term provisions 3,19,29,498 2,53,73,838
Total current liabilities 46,04,36,674 38,93,22,028
Total equity and liabilities 102,33,13,099 101,62,18,898
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 45,12,11,986 48,79,24,639 47,02,43,131
Intangible assets 0 0
Tangible assets capital work-in-progress 0 0
Total fixed assets 45,12,11,986 48,79,24,639
Non-current investments 5,00,000 5,50,000
Deferred tax assets (net) 1,67,08,015 2,38,82,259
Long-term loans and advances 0 0
Total non-current assets 46,84,20,001 51,23,56,898
Current assets [Abstract]
Current investments 0 0
Inventories 34,92,85,977 36,19,87,831
Trade receivables 18,15,26,924 11,57,11,187
Cash and bank balances 34,75,434 52,21,051
Short-term loans and advances 2,00,08,038 1,75,30,834
Other current assets 5,96,725 34,11,097
Total current assets 55,48,93,098 50,38,62,000
Total assets 102,33,13,099 101,62,18,898
35
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] Column 1 Column 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 SHRIKANT RAUNAK
Middle name of director SUDHIR PRASHANT
Last name of director KHADILKAR KHADILKAR
Designation of director Director Additional Director
Director identification number of director 00260477 07836882
Date of signing of financial statements by director 05/09/2017 05/09/2017
36
[100400] Cash flow statement, indirect

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 10,94,789 -3,66,15,444
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 4,65,77,722 4,67,86,393
Adjustments for depreciation and amortisation expense 4,04,90,140 3,78,08,468
Other adjustments to reconcile profit (loss) -5,59,720 -1,64,749
Other adjustments for non-cash items 2,44,298 14,10,817
Total adjustments to profit (loss) 8,67,52,440 8,58,40,929
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories 1,27,01,854 -89,05,019
Adjustments for decrease (increase) in trade receivables -6,58,15,737 -67,41,615
Adjustments for decrease (increase) in other current assets 5,36,595 7,31,169
Adjustments for increase (decrease) in trade payables 7,11,14,643 6,89,00,017
Total adjustments for working capital 1,85,37,355 5,39,84,552
Total adjustments for reconcile profit (loss) 10,52,89,795 13,98,25,481
Net cash flows from (used in) operations 10,63,84,584 10,32,10,037
Income taxes paid (refund) 4,19,424 -32,12,268
Net cash flows from (used in) operating activities before extraordinary
10,59,65,160 10,64,22,305
items
Net cash flows from (used in) operating activities 10,59,65,160 10,64,22,305
Cash flows from used in investing activities [Abstract]
Proceeds from sales of tangible assets 5,00,000 18,50,000
Purchase of tangible assets 5,56,68,126 5,87,50,794
Proceeds from sales of intangible assets 50,000 0
Purchase of intangible assets -5,11,46,340 -12,52,511
Interest received 1,38,731 1,64,749
Net cash flows from (used in) investing activities before extraordinary
-38,33,055 -5,54,83,534
items
Net cash flows from (used in) investing activities -38,33,055 -5,54,83,534
Cash flows from used in financing activities [Abstract]
Proceeds from borrowings -5,73,00,002 -32,52,518
Interest paid 4,65,77,721 4,67,86,393
Net cash flows from (used in) financing activities before extraordinary
-10,38,77,723 -5,00,38,911
items
Net cash flows from (used in) financing activities -10,38,77,723 -5,00,38,911
Net increase (decrease) in cash and cash equivalents before effect of
-17,45,618 8,99,860
exchange rate changes
Net increase (decrease) in cash and cash equivalents -17,45,618 8,99,860
Cash and cash equivalents cash flow statement at end of period 34,75,434 52,21,051 43,21,192
37
[200100] Notes - Share capital
Disclosure of classes of share capital [Table] ..(1)

Equity shares
Classes of share capital [Axis] Share capital [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016
to to 31/03/2015 to
31/03/2017 31/03/2016 31/03/2017
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 1,30,00,000 [shares] 1,30,00,000 [shares] 50,00,000
Value of shares authorised 13,00,00,000 13,00,00,000 5,00,00,000
Number of shares issued [shares] 1,28,60,000 [shares] 1,28,60,000 [shares] 50,00,000
Value of shares issued 12,86,00,000 12,86,00,000 5,00,00,000
Number of shares subscribed and fully paid [shares] 1,28,60,000 [shares] 1,28,60,000 [shares] 50,00,000
Value of shares subscribed and fully paid 12,86,00,000 12,86,00,000 5,00,00,000
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 1,28,60,000 [shares] 1,28,60,000 [shares] 50,00,000
Total value of shares subscribed 12,86,00,000 12,86,00,000 5,00,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 1,28,60,000 [shares] 1,28,60,000 [shares] 50,00,000
Value of shares called 12,86,00,000 12,86,00,000 5,00,00,000
Value of shares paid-up 12,86,00,000 12,86,00,000 5,00,00,000
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of other issues of shares [shares] 0 [shares] 78,60,000 [shares] 0
Total aggregate number of shares issued
[shares] 0 [shares] 78,60,000 [shares] 0
during period
Total increase (decrease) in number of
[shares] 0 [shares] 78,60,000 [shares] 0
shares outstanding
Number of shares outstanding at end of period [shares] 1,28,60,000 [shares] 1,28,60,000 [shares] 50,00,000 [shares] 50,00,000
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of other issues during period 0 7,86,00,000 0
Total aggregate amount of increase in
0 7,86,00,000 0
share capital during period
Total increase (decrease) in share capital 0 7,86,00,000 0
Share capital at end of period 12,86,00,000 12,86,00,000 5,00,00,000 5,00,00,000
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
refund, principal
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
38

Classes of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2015 01/04/2016 01/04/2015
to 31/03/2015 to to
31/03/2016 31/03/2017 31/03/2016
Equity Shares of Rs. Equity Shares of Rs.
Type of share 10 each 10 each
Number of shares authorised [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
Number of shares issued [shares] 50,00,000 [shares] 50,00,000 [shares] 50,00,000
Value of shares issued 5,00,00,000 5,00,00,000 5,00,00,000
Number of shares subscribed and fully paid [shares] 50,00,000 [shares] 50,00,000 [shares] 50,00,000
Value of shares subscribed and fully paid 5,00,00,000 5,00,00,000 5,00,00,000
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 50,00,000 [shares] 50,00,000 [shares] 50,00,000
Total value of shares subscribed 5,00,00,000 5,00,00,000 5,00,00,000
Number of shares paid-up [shares] 50,00,000 [shares] 50,00,000 [shares] 50,00,000
Value of shares called 5,00,00,000 5,00,00,000 5,00,00,000
Value of shares paid-up 5,00,00,000 5,00,00,000 5,00,00,000
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0 [INR/shares] 0
called
[Abstract]
[Abstract]
[Abstract]
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
[shares] 0 [shares] 0 [shares] 0
during period
[shares] 0 [shares] 0 [shares] 0
shares outstanding
Number of shares outstanding at end of period [shares] 50,00,000 [shares] 50,00,000 [shares] 50,00,000 [shares] 50,00,000
[Abstract]
[Abstract]
Amount of other issues during period 0 0 0
0 0 0
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 5,00,00,000 5,00,00,000 5,00,00,000 5,00,00,000
refund, principal
allotment of securities and due for refund 0 0 0
39

Equity shares 1
Classes of share capital [Axis] Preference shares [Member]
[Member]
01/04/2016 01/04/2015
31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016
Number of shares authorised [shares] 80,00,000 [shares] 80,00,000
Value of shares authorised 8,00,00,000 8,00,00,000
Number of shares issued [shares] 78,60,000 [shares] 78,60,000
Value of shares issued 7,86,00,000 7,86,00,000
Number of shares subscribed and fully paid [shares] 78,60,000 [shares] 78,60,000
Value of shares subscribed and fully paid 7,86,00,000 7,86,00,000
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] 78,60,000 [shares] 78,60,000
Total value of shares subscribed 7,86,00,000 7,86,00,000
Number of shares paid-up [shares] 78,60,000 [shares] 78,60,000
Value of shares called 7,86,00,000 7,86,00,000
Value of shares paid-up 7,86,00,000 7,86,00,000
[Abstract]
[Abstract]
[Abstract]
Number of other issues of shares [shares] 0 [shares] 78,60,000
[shares] 0 [shares] 78,60,000
during period
[shares] 0 [shares] 78,60,000
shares outstanding
Number of shares outstanding at end of period [shares] 50,00,000 [shares] 78,60,000 [shares] 78,60,000 [shares] 0
[Abstract]
[Abstract]
Amount of other issues during period 0 7,86,00,000
0 7,86,00,000
Total increase (decrease) in share capital 0 7,86,00,000
Share capital at end of period 5,00,00,000 7,86,00,000 7,86,00,000 0
allotment of securities and due for 0 0
refund, principal
allotment of securities and due for 0 0
allotment of securities and due for refund 0 0
40

Classes of share capital [Axis] Preference shares 1 [Member]
01/04/2016 01/04/2015
to to 31/03/2015
31/03/2017 31/03/2016
Preference Shares of Rs. Preference Shares of Rs. 10
Type of share 10 each each
Number of shares authorised [shares] 80,00,000 [shares] 80,00,000
Value of shares authorised 8,00,00,000 8,00,00,000
Number of shares issued [shares] 78,60,000 [shares] 78,60,000
Value of shares issued 7,86,00,000 7,86,00,000
Number of shares subscribed and fully paid [shares] 78,60,000 [shares] 78,60,000
Value of shares subscribed and fully paid 7,86,00,000 7,86,00,000
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] 78,60,000 [shares] 78,60,000
Total value of shares subscribed 7,86,00,000 7,86,00,000
Number of shares paid-up [shares] 78,60,000 [shares] 78,60,000
Value of shares called 7,86,00,000 7,86,00,000
Value of shares paid-up 7,86,00,000 7,86,00,000
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 other issues of shares [shares] 0 [shares] 78,60,000
Total aggregate number of shares issued during period [shares] 0 [shares] 78,60,000
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 78,60,000
Number of shares outstanding at end of period [shares] 78,60,000 [shares] 78,60,000 [shares] 0
Reconciliation of value of shares outstanding [Abstract]
Increase in share capital during period [Abstract]
Amount of other issues during period 0 7,86,00,000
Total aggregate amount of increase in share capital during
0 7,86,00,000
period
Total increase (decrease) in share capital 0 7,86,00,000
Share capital at end of period 7,86,00,000 7,86,00,000 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
0 0
due for refund, principal
Application money received for allotment of securities
0 0
and due for refund, interest accrued
Total application money received for allotment of
securities and due for refund and interest accrued 0 0
thereon
41
Disclosure of shareholding more than five per cent in company [Table] ..(1)
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]
Equity Shares of Equity Shares of Rs.
Type of share Rs. 10 each 10 each
Equity Shares of Rs. 10 each Equity Shares of Rs. 10 each
SHRIKANT SHRIKANT SPLENDOR SHELTERS SPLENDOR SHELTERS
Name of shareholder KHADILKAR KHADILKAR PRIVATE LIMITED PRIVATE LIMITED
CIN of shareholder U45200MH1999PTC119759 U45200MH1999PTC119759
PAN of shareholder AFKPK3076M AFKPK3076M
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
shareholder
Number of shares held in company [shares] 34,49,950 [shares] 34,49,950 [shares] 15,00,000 [shares] 15,00,000
Percentage of shareholding in company 69.00% 69.00% 30.00% 30.00%

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 money raised from public offering during year No No
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Components of reserves [Axis] Reserves [Member] Surplus [Member]
01/04/2016 01/04/2015 01/04/2016
to to 31/03/2015 to
31/03/2017 31/03/2016 31/03/2017
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period -67,20,444 -4,04,27,812 -67,20,444
Total additions to reserves -67,20,444 -4,04,27,812 -67,20,444
Total changes in reserves -67,20,444 -4,04,27,812 -67,20,444
Reserves at end of period -75,08,325 -7,87,881 3,96,39,931 -75,08,325
Statement of changes in reserves [Table] ..(2)

Components of reserves [Axis] Surplus [Member]
01/04/2015
to 31/03/2015
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 -4,04,27,812
Total additions to reserves -4,04,27,812
Total changes in reserves -4,04,27,812
Reserves at end of period -7,87,881 3,96,39,931
42
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

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]
01/04/2016 01/04/2015
to to 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 30,45,20,121 43,55,86,742 19,04,18,711
Nature of security [Abstract]
Please refer
Please refer disclosure
disclosure of
Nature of security Borrowings
of Borrowings
explanatory
explanatory
Details on loans guaranteed [Abstract]
Aggregate amount of loans guaranteed by
0 0 0 0
directors
0 0 0 0
others
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default
0 0 0 0
principal
0 0 0 0
interest

Classification of borrowings [Axis] Term loans [Member] Term loans from banks [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [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
Borrowings 0 30,45,20,121 0 30,45,20,121
Please refer Please refer
Please refer disclosure Please refer disclosure
disclosure of disclosure of
of Borrowings
Borrowings
of Borrowings
explanatory explanatory
0 0 0 0
directors
0 0 0 0
others
0 0 0 0
principal
0 0 0 0
interest
43

Loans and advances from related parties
Classification of borrowings [Axis] Rupee term loans from banks [Member]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
01/04/2016 01/04/2015
to to 31/03/2017 31/03/2016
31/03/2017 31/03/2016
Borrowings 0 30,45,20,121 33,36,76,714 8,41,31,189
Please refer
Please refer disclosure
disclosure of
of Borrowings
explanatory
explanatory
0 0 0 0
directors
0 0 0 0
others
0 0 0 0
principal
0 0 0 0
interest

Loans and advances from directors Loans and advances from others
Classification of borrowings [Axis]
[Member] [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings 4,12,16,469 4,85,23,857 29,24,60,245 3,56,07,332
0 0 0 0
directors
0 0 0 0
others
0 0 0 0
principal
0 0 0 0
interest
44

Other loans and advances, others
Classification of borrowings [Axis] Other loans and advances [Member]
[Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings 10,19,10,028 10,62,87,522 10,19,10,028 10,62,87,522
0 0 0 0
directors
0 0 0 0
others
0 0 0 0
principal
0 0 0 0
interest

01/04/2016
to
31/03/2017
Disclosure of notes on borrowings explanatory [TextBlock] [See below]
Disclosure of notes on borrowings explanatory [Text Block]

Borrowing costs that are attributable to the acquisition of qualifying assets are capitalised as part of the cost of such assets. A qualifying asset is
one that necessarily takes substantial period of time to get ready for its intended use. All other borrowing costs are charged to Profit and Loss
account.
[201000] Notes - Tangible assets
Disclosure of additional information tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member] Furniture and fixtures [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [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 additional information tangible assets
[Abstract]
Disclosure of additional information tangible assets
[LineItems]
Please refer Please refer Please refer Please refer
Disclosure of notes Disclosure of notes on Disclosure of notes Disclosure of notes on
Depreciation method tangible assets on tangible assets tangible assets on tangible assets tangible assets
explanatory explanatory explanatory explanatory
Disclosure of notes Disclosure of notes
Useful lives or depreciation rates tangible assets on tangible assets
Disclosure of notes on
on tangible assets
Disclosure of notes on
tangible assets tangible assets
Description of justification for using higher Disclosure of notes Disclosure of notes
Disclosure of notes on Disclosure of notes on
rates of depreciation than prescribed rate on tangible assets on tangible assets
tangible assets tangible assets
45
Disclosure of tangible assets [Table] ..(1)

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 [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
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 5,56,68,127 5,87,50,794 5,56,68,127 5,87,50,794
assets
Acquisitions through
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets -4,04,90,143 -3,78,08,468
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0 0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
0 0 0 0
through demergers
Disposals tangible assets,
7,44,297 32,60,818 31,22,400 44,72,621
others
Total disposals tangible
7,44,297 32,60,818 31,22,400 44,72,621
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
tangible assets
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
1,44,33,687 1,76,81,508 5,25,45,727 5,42,78,173
assets
Tangible assets at end of period 45,12,11,986 48,79,24,639 47,02,43,131 70,10,63,392 69,96,64,006 64,53,85,833
46

Sub classes of tangible assets [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 5,56,68,127 5,87,50,794
assets
business combinations 0 0
tangible assets
Depreciation tangible assets 4,04,90,143 3,78,08,468 -4,04,90,143 -3,78,08,468
Impairment loss
recognised in profit or 0 0 0 0
recognised in profit or loss 0 0 0 0
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
23,78,103 12,11,803 7,44,297 32,60,818
others
23,78,103 12,11,803 7,44,297 32,60,818
assets
assets [Abstract]
net exchange differences 0 0
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
3,81,12,040 3,65,96,665 1,44,33,687 1,76,81,508
assets
47

Sub classes of tangible assets [Axis] Owned assets [Member]
Gross carrying amount [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 4,04,90,143 3,78,08,468
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
31,22,400 44,72,621 23,78,103 12,11,803
others
31,22,400 44,72,621 23,78,103 12,11,803
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
5,25,45,727 5,42,78,173 3,81,12,040 3,65,96,665
assets
48

Classes of tangible assets [Axis] Buildings [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 1,77,000 78,667 1,77,000 78,667
assets
tangible assets
Depreciation tangible assets -42,20,845 -42,16,672
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-40,43,845 -41,38,005 1,77,000 78,667
assets
49

Classes of tangible assets [Axis] Buildings [Member] Factory building [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 1,77,000 78,667
assets
tangible assets
Depreciation tangible assets 42,20,845 42,16,672 -42,20,845 -42,16,672
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
42,20,845 42,16,672 -40,43,845 -41,38,005
assets
50

Classes of tangible assets [Axis] Factory building [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 1,77,000 78,667
assets
tangible assets
Depreciation tangible assets 42,20,845 42,16,672
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
1,77,000 78,667 42,20,845 42,16,672
assets
51

Classes of tangible assets [Axis] Plant and equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 5,34,93,040 5,71,61,218 5,34,93,040 5,71,61,218
assets
tangible assets
Depreciation tangible assets -3,37,27,733 -3,03,32,177
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
1,97,65,307 2,68,29,041 5,34,93,040 5,71,61,218
assets
52

Classes of tangible assets [Axis] Plant and equipment [Member] Other plant and equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 3,37,27,733 3,03,32,177 -3,37,27,733 -3,03,32,177
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
3,37,27,733 3,03,32,177 1,97,65,307 2,68,29,041
assets
53

Classes of tangible assets [Axis] Other plant and equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 3,37,27,733 3,03,32,177
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
5,34,93,040 5,71,61,218 3,37,27,733 3,03,32,177
assets
54

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 19,17,459 7,95,099 19,17,459 7,95,099
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 26,69,773 0 36,72,621
others
0 26,69,773 0 36,72,621
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
10,56,293 -28,33,151 19,17,459 -28,77,522
assets
Tangible assets at end of period 57,23,642 46,67,349 75,00,500 94,87,300 75,69,841 1,04,47,363
55

Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 0
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 10,02,848 7,44,297 5,91,045
others
0 10,02,848 7,44,297 5,91,045
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
8,61,166 -44,371 -13,02,529 -17,41,501
assets
Tangible assets at end of period 37,63,658 29,02,492 29,46,863 22,76,709 35,79,238 53,20,739
56

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 0
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
31,22,400 8,00,000 23,78,103 2,08,955
others
31,22,400 8,00,000 23,78,103 2,08,955
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-31,22,400 -8,00,000 -18,19,871 9,41,501
assets
Tangible assets at end of period 64,03,269 95,25,669 1,03,25,669 41,26,560 59,46,431 50,04,930
57

Classes of tangible assets [Axis] Motor vehicles [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 0 0 0
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
7,44,297 5,91,045 31,22,400 8,00,000
others
7,44,297 5,91,045 31,22,400 8,00,000
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-13,02,529 -17,41,501 -31,22,400 -8,00,000
assets
Tangible assets at end of period 22,76,709 35,79,238 53,20,739 64,03,269 95,25,669 1,03,25,669
58

Classes of tangible assets [Axis] Motor vehicles [Member] Office equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 12,650
assets
tangible assets
Depreciation tangible assets 5,58,232 11,50,456 -60,252 -58,223
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
23,78,103 2,08,955 0 0
others
23,78,103 2,08,955 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-18,19,871 9,41,501 -60,252 -45,573
assets
Tangible assets at end of period 41,26,560 59,46,431 50,04,930 86,734 1,46,986 1,92,559
59

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 12,650
assets
tangible assets
Depreciation tangible assets 60,252 58,223
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 12,650 60,252 58,223
assets
60

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 80,628 3,97,528 80,628 3,97,528
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-73,760 1,99,744 80,628 3,97,528
assets
61

Classes of tangible assets [Axis] Computer equipments [Member] Other tangible assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 3,05,632
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
1,54,388 1,97,784 -9,07,527 -5,89,047
assets
Tangible assets at end of period 38,91,605 37,37,217 35,39,433 71,28,996 5,91,82,864 5,97,71,911
62

Classes of tangible assets [Axis] Other tangible assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 3,05,632
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 3,05,632 9,07,527 8,94,679
assets
Tangible assets at end of period 1,20,71,635 6,32,17,976 6,29,12,344 49,42,639 40,35,112 31,40,433
63

Classes of tangible assets [Axis] Other tangible assets, others [Member]
Carrying amount accumulated depreciation and
gross carrying amount [Axis]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to 31/03/2015 to to 31/03/2015
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
Tools and Tools and Tools and Tools and
Nature of other tangible assets Equipments Equipments Equipments Equipments
[Abstract]
business combinations tangible 0 3,05,632 0 3,05,632
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-9,07,527 -5,89,047 0 3,05,632
assets
Tangible assets at end of period 71,28,996 5,91,82,864 5,97,71,911 1,20,71,635 6,32,17,976 6,29,12,344
64

Classes of tangible assets [Axis] Other tangible assets, others [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
01/04/2016 01/04/2015
to to 31/03/2015
31/03/2017 31/03/2016
Disclosure of tangible assets [LineItems]
Nature of other tangible assets Tools and Equipments Tools and Equipments
Reconciliation of changes in tangible assets [Abstract]
Changes in tangible assets [Abstract]
Impairment loss recognised in profit or loss tangible assets 0 0
Reversal of impairment loss recognised in profit or loss
0 0
tangible assets
Disposals tangible assets [Abstract]
Disposals tangible assets through demergers 0 0
Disposals tangible assets, others 0 0
Total disposals tangible assets 0 0
Other adjustments tangible assets [Abstract]
Other adjustments tangible assets, others 0 0
Total other adjustments tangible assets 0 0
Total changes in tangible assets 9,07,527 8,94,679
Tangible assets at end of period 49,42,639 40,35,112 31,40,433

01/04/2016
to
31/03/2017
Disclosure of notes on tangible assets explanatory [TextBlock] [See below]
Disclosure of notes on tangible assets explanatory [Text Block]

Fixed assets are stated at cost of acquisition (including incidental expenses related to acquisition and installation of the assets) less accumulated
depreciation.
The company has provided depreciation on all the tangible assets over their useful lives as specified in Part-e of the Schedule-II of the Companies
Act, 2013 .Depreciation on addition/deletions to the assets during the year has been provided on proportional basis. All costs, including financing
costs till commencement of actual put to use of the fixed assets are capitalised.
An Asset is treated as impaired when carrying cost of the asset exceeds its recoverable value. An impairment loss is charged to Profit & Loss
Account in the year in which asset is identified as impaired. The impairment loss recognised in prior accounting period is reversed if there has
been a change in the estimates of the recoverable amounts.
65
[201100] Notes - Intangible assets
Disclosure of intangible assets [Table] ..(1)

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
[200400] Notes - Non-current investments
Details of non-current investments [Table] ..(1)

Classification of non-current investments [Axis] Column 1 Column 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
Non-current investments [Abstract]
Disclosure of details of non-current investments
[Abstract]
Details of non-current investments [LineItems]
Investment in other Investment in other Investment in other Investment in other
Type of non-current investments Indian companies Indian companies Indian companies Indian companies
equity instruments equity instruments equity instruments equity instruments
Class of non-current investments Other investments Other investments Other investments Other investments
Unquoted Unquoted
Unquoted investments Unquoted investments
Nature of non-current investments investments in
in Equity Shares
investments in
in Equity Shares
Equity Shares Equity Shares
Non-current investments 5,00,000 5,00,000 0 50,000
Name of body corporate in whom investment has
TJSB BANK TJSB BANK DNSB BANK DNSB BANK
been made
Number of shares of non-current investment
[shares] 10,000 [shares] 10,000 [shares] 1,000 [shares] 0
made in body corporate

31/03/2017 31/03/2016
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 5,00,000 5,50,000
Aggregate provision for diminution in value of non-current investments 0 0
66
[200600] Notes - Subclassification and notes on liabilities and assets
Classification of inventories [Table] ..(1)

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 34,92,85,977 36,19,87,831 5,99,87,788 5,05,86,707
No specific No specific
Mode of valuation disclosure
No specific disclosure
disclosure

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
[Abstract]
Inventories 8,21,05,516 10,38,67,968 13,52,95,204 14,78,09,303
disclosure

Classification of inventories [Axis] Stock-in-trade [Member] Stores and spares [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
[Abstract]
Inventories 2,73,96,650 2,31,53,424 2,20,57,456 2,05,30,076
disclosure
67

Classification of inventories [Axis] Other inventories [Member]
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Subclassification and notes on liabilities and assets [Abstract]
Inventories 2,24,43,364 1,60,40,352
No specific
Fuel and Packing Fuel and Packing
Nature of other inventories Material Material
Subclassification of trade receivables [Table] ..(1)

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
[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 18,15,26,924 11,57,11,187 18,15,26,924 11,57,11,187
Allowance for bad and doubtful debts 0 0 0 0
Total trade receivables 18,15,26,924 11,57,11,187 18,15,26,924 11,57,11,187
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
Total trade receivables due by
directors, other officers or 0 0
others
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Trade receivables due by firms in
0 0
which any director is partner
Trade receivables due by private
companies in which any director 0 0
is director
Trade receivables due by private
companies in which any director 0 0
is member
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director
68
Loans and advances [Table] ..(1)

Classification based on time period [Axis] Short-term [Member]
Loans advances given suppliers
Classification of loans and advances [Axis] Loans and advances [Member]
[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
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 1,98,08,038 1,75,30,835 79,36,791 51,43,610
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 1,98,08,038 1,75,30,835 79,36,791 51,43,610
Details of loans and advances due by
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
Loans and advances due by others 0 0 0 0
Total loans and advances due by
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
Loans and advances due by private
companies in which any director is 0 0 0 0
director
member
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director
69

Loans advances given employees
Classification of loans and advances [Axis] Other loans and advances [Member]
[Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 25,89,454 20,52,827 94,81,793 1,03,34,397
0 0 0 0
advances
Loans and advances 25,89,454 20,52,827 94,81,793 1,03,34,397
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
70

Deposits with statutory authorities
Classification of loans and advances [Axis] Other deposit assets [Member]
[Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 53,58,183 51,58,759 41,23,610 51,75,638
0 0 0 0
advances
Loans and advances 53,58,183 51,58,759 41,23,610 51,75,638
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
Disclosure of breakup of provisions [Table] ..(1)

Long-term
Classification based on time period [Axis] Classification based on time period [Member]
[Member]
31/03/2017 31/03/2016 31/03/2015 31/03/2017
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 61,98,008 41,45,919 61,98,008
Provision other employee related
2,24,46,556 1,56,09,561 0
liabilities
Total provisions for employee benefits 2,86,44,564 1,97,55,480 61,98,008
Provision for corporate tax [Abstract]
Provision for current tax 2,20,000 0 0
Total provision for corporate tax 2,20,000 0 0
CSR expenditure provision 0 0 0
Other provisions 92,62,942 97,64,277 97,64,277 0
Total provisions 3,81,27,506 2,95,19,757 61,98,008
71
Disclosure of breakup of provisions [Table] ..(2)

Long-term
[Member]
31/03/2016 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]
Provisions for employee benefits [Abstract]
Provision gratuity 41,45,919 0 0
Provision other employee related liabilities 0 2,24,46,556 1,56,09,561
Total provisions for employee benefits 41,45,919 2,24,46,556 1,56,09,561
Provision for corporate tax [Abstract]
Provision for current tax 0 2,20,000 0
Total provision for corporate tax 0 2,20,000 0
CSR expenditure provision 0 0 0
Other provisions 0 92,62,942 97,64,277
Total provisions 41,45,919 3,19,29,498 2,53,73,838
72

01/04/2016 01/04/2015
to to 31/03/2015
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 Provisions for expenses Provisions for expenses
Current maturities of long-term debt 11,10,36,658 3,35,39,362
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
Security deposits refundable, current 1,51,75,802 1,85,68,545
Total deposits refundable current 1,51,75,802 1,85,68,545
Public deposit payable, current 0 0
Total other payables, current 1,51,75,802 1,85,68,545
Advance received from customers 14,76,04,118 17,73,81,986
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others (A) 3,74,53,028 (B) 2,02,49,014
Total other current liabilities 31,12,69,606 24,97,38,907
Disclosure of notes on inventories explanatory [TextBlock] [See below]
Aggregate amount of trade receivables outstanding for period
0 0
exceeding six months
Fixed deposits with banks 22,99,441 20,49,477
Other balances with banks 8,62,252 29,60,789
Total balance with banks 31,61,693 50,10,266
Cash on hand 3,13,741 2,10,785
Total cash and cash equivalents 34,75,434 52,21,051 43,21,192
Total cash and bank balances 34,75,434 52,21,051
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 (C) 5,96,725 (D) 34,11,097

Total other current assets 5,96,725 34,11,097
Footnotes
(A) Creditors for capital expenditure = Rs. 285875, Statutory Remittances = Rs. 37167153.
(B) Creditors for capital expenditure = Rs. 401949, Statutory Remittances = Rs. 19847065.
(C) Accrued Interest and Other Receivables: 596724.
(D) Accrued Interest and Other Receivables: 3411098.
73
Disclosure of notes on inventories explanatory [Text Block]

Inventories
Inventories of raw material, fuel, Packing material & Stores and Spares are valued at costs on FIFO Basis.
Inventories of finished goods and stock in trade are valued at lower of the cost and net realisable value after providing for obsolescence, if any.
Cost includes cost of purchase, cost of conversion and all other cost including manufacturing and other overheads incurred in bringing them to
their respective present location and condition.
Inventories of stock in process are valued at cost.
[200700] Notes - Additional disclosures on balance sheet

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
74
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2016
to
31/03/2017
Disclosure of accounting policies, change in accounting policies and Textual information (29)
changes in estimates explanatory [TextBlock] [See below]
75
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
Company Profile:
Mirage Ceramics Pvt Ltd. is Company incorporated under the Companies Act, 1956 and having its registered office at Trade World, O-Wing, 7th
Floor/ Senapati Bapat Marg, Kamala Mill Compound, Lower Parel 0/'1), Mumbai - 400013. The Company is carrying on business activities
in the field of Manufacturing Activities.
Significant Accounting Policies
Basis of Preparation of Financial Statements:
The financial statements are based on historical costs convention, and are prepared on accrual basis. The financial statements have been prepared
in accordance with the Generally Accepted Accounting Principles in India to comply in with the Accounting Standards specified under section
133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014 and relevant provisions of the Companies Act, 2013.
Use of Estimates
The preparation of the financial statements require estimates and assumptions to be made that affects the reported amount of assets and liabilities
on the date of the financial statements and the reported amount of revenue and expenses during the reporting period. Difference between the
actual results and estimates are recognised in the period in which the results are known or materialised.
Foreign Currency Transactions
Transactions denominated in foreign currencies are recorded at the exchange rate prevailing on the date of the transaction or that approximates the
actual rate at the date of transaction. Monetary item denominated in foreign currencies at the year-end are restated at year-end rates.
Investments
Long term investments are stated at cost. Provision for diminution in the value of long term investments is made only if such a decline is not
temporary.
Provision for Current and Deferred Tax
Provision for current tax is made after taking into consideration benefits admissible under the provisions of the Income-tax Act, 1961. Deferred
tax resulting from "timing difference" between taxable and accounting income is accounted for using the tax rates and laws that are enacted or
substantively enacted as on the balance sheet date. Deferred tax liability is recognised.
76
Provisions, Contingent Liabilities and Contingent Assets
Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events
and it is probable that there will be an outflow of resources. There are no Contingent Liabilities and Contingent Assets.
Cash and Cash Equivalent
In the cash flow Statement , cash and cash equivalent include cash in Hand, balance with Bank and fixed deposits with bank.
Dividend on Preference shares
The company has issued 78,60,000 8% cumulative preference shares of Rs.lO each amounting to Rs. 7,86,00,000/-.Due to insufficient profit to
pay dividend, the company has not made any provision of dividend on preference shares during the year. The management has decided to
accumulate dividend of current year of Rs. 62,88,000/- and paid in the year when the company has sufficient fund.
Consequent to the notification of the Revised Schedule-VI under the Companies Act, 1956, the financial statement for the year ended March 31,
2012 & onwards are prepared as per the manner specified in Schedule III of the Companies Act, 2013 (erstwhile Revised-Schedule VI of the
Companies Act, 1956). Accordingly, the previous year's figures have also been reclassified to confirm to the current year's classification. The
adoption of the Schedule III for previous year figures does not impact the recognition and measurement principles followed for preparation of
financial statements.
Disclosure on Specified Bank Notes:
During the year company had specified bank notes (SBN) or other denomination notes as defined in the MCA notification G.S.R.308 (E), Dated
March,31 2017. The details of SBN's held and transacted during the period from November,2017 to December,2016, the denomination-wise
SBN's and other notes as per the notification are as follows :
Particulars Specified Bank Notes Other Denomination Notes Total
Closing cash in Hands as on November 8, 2016 9,84,640 4,87,840 14,72,480
Add: Permitted receipts - 10,42,022 10,42,022
Less : Permitted Payments 1,17,140 10,99,362 12,16,502
Less : Amount deposited in banks 8,67,500 - 8,67,500
77
Closing cash in Hands as on December 30, 2016 - 4,30,500 4,30,500
(1) For the purpose of this clause, the term 'specified Bank Notes' shall have the same meaning provided in the notification of the
government of India, in the Ministry Of Finance, Department of economic Affairs numb er S.O 3407 (E) ,dated November 8, 2016.
[201700] Notes - Government grants

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

01/04/2016
to
31/03/2017
Disclosure of employee benefits explanatory [TextBlock] [See below]
Disclosure of employee benefits explanatory [Text Block]

Company's contribution toward Provident Fund is charged to profit & loss Nc each year. The Company has made provision for Gratuity payable
to employees
78
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] Column 1 Column 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]
related parties [LineItems]
Mr. Shrikant Mr. Shrikant Mr. Shashank Mr. Shashank
Name of related party Khadilkar Khadilkar Khadilkar Khadilkar
Country of incorporation or residence of related
party
Permanent account number of related party AFKPK3076M AFKPK3076M AFKPK3075J AFKPK3075J
Relatives of Key Relatives of Key
Key Management Key Management
Description of nature of related party relationship Personnel Personnel
management management
personnel personnel
Directors
Directors Directors Directors
Description of nature of transactions with related Remuneration,
Remuneration, Remuneration, Remuneration, Salary,
party Salary, Refunds of
Refunds of Loan. Refunds of Loan. Refunds of Loan
Loan.
Related party transactions [Abstract]
Revenue from sale of goods related party
0 0 0 0
transactions
Other related party transactions expense 0 0 6,00,000 6,00,000
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 6,00,000 3,60,000 0 3,60,000
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 59,07,505 14,82,397 51,183 6,28,312
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
79

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
Mr. Prashant Mr. Prashant
Name of related party Khadilkar Khadilkar
Mr. Ronit Khadilkar Mr. Ronit Khadilkar

party
Permanent account number of related party AHPPK5129Q AHPPK5129Q COWPK1073B COWPK1073B
Relatives of Key Relatives of Key Relatives of Key Relatives of Key
Description of nature of related party relationship management management management management
personnel personnel personnel personnel
Directors
Directors
Description of nature of transactions with related Remuneration,
Remuneration, Salary, Salary. Salary
party Salary, Refunds of
Refunds of Loan
Loan.
0 0 0 0
transactions
Other related party transactions expense 6,00,000 6,00,000 2,89,900 1,67,200
[Abstract]
Remuneration for key managerial personnel 0 3,60,000 0 0
Amounts payable related party transactions 50,224 0 0 0
0 0 0 0
0 0 0 0
80

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
Mr. Raunak Mr. Raunak SPLENDOR SHELTERS SPLENDOR SHELTERS
Name of related party Khadilkar Khadilkar PRIVATE LIMITED PRIVATE LIMITED
party
Permanent account number of related party BVFPK0116E BVFPK0116E
CIN of related party U45200MH1999PTC119759 U45200MH1999PTC119759
Relatives of Key Relatives of Key
Description of nature of related party relationship management management Associate Associate
personnel personnel
Description of nature of transactions with related Refunds of Loan, Sale of Refunds of Loan, Sale of
Salary Salary
party Goods Goods.
0 0 9,25,920 0
transactions
Other related party transactions expense 2,77,638 2,02,000 0 0
[Abstract]
Remuneration for key managerial personnel 0 0 0 0
Amounts payable related party transactions 0 0 28,75,000 94,87,887
0 0 0 0
0 0 0 0

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

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
81
[300300] Notes - Earnings per share

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of earnings per share explanatory [TextBlock]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Profit (loss) for period -67,20,444 -4,04,27,812
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Profit (loss) for period -67,20,444 -4,04,27,812
[202800] Notes - Subsidiary information

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
[202400] Notes - Investments in associates

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

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
82
[202100] Notes - Other provisions, contingent liabilities and contingent assets
Disclosure of other provisions [Table] ..(1)

Miscellaneous other
Classes of other provisions [Axis] Company total other provisions [Member] provisions
[Member]
31/03/2017 31/03/2016 31/03/2015 31/03/2017
Disclosure of other provisions [Abstract]
Disclosure of other provisions [LineItems]
Reconciliation of changes in other provisions
[Abstract]
Other provisions at end of period 92,62,942 97,64,277 97,64,277 92,62,942
Disclosure of other provisions [Table] ..(2)

Classes of other provisions [Axis] Miscellaneous other provisions [Member]
31/03/2016 31/03/2015
Disclosure of other provisions [Abstract]
Disclosure of other provisions [LineItems]
Reconciliation of changes in other provisions [Abstract]
Other provisions at end of period 97,64,277 97,64,277
[202700] Notes - Cash flow statements

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 34,75,434 52,21,051 43,21,192
Total cash and cash equivalents 34,75,434 52,21,051 43,21,192
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 4,19,424 -32,12,268
Total income taxes paid (refund) 4,19,424 -32,12,268
83
[100200] Statement of profit and loss

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 71,00,56,578 76,24,80,158
Revenue from sale of services 0 0
Excise duty 4,91,09,312 6,00,17,442
Other duties taxes collected 3,50,42,258 4,76,78,768
Total revenue from operations other than finance company 62,59,05,008 65,47,83,948
Total revenue from operations 62,59,05,008 65,47,83,948
Other income 98,15,272 1,06,59,910
Total revenue 63,57,20,280 66,54,43,858
Expenses [Abstract]
Cost of materials consumed 8,40,62,781 13,94,91,501
Purchases of stock-in-trade 14,72,95,247 16,12,85,055
Changes in inventories of finished goods, work-in-progress and
3,00,33,326 -17,45,059
stock-in-trade
Employee benefit expense 8,93,22,463 8,93,36,630
Finance costs 4,79,05,243 5,12,58,619
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 4,04,90,140 3,78,08,468
Total depreciation, depletion and amortisation expense 4,04,90,140 3,78,08,468
CSR expenditure 0 0
Other expenses 19,55,16,291 22,46,24,088
Total expenses 63,46,25,491 70,20,59,302
Total profit before prior period items, exceptional items, extraordinary
10,94,789 -3,66,15,444
items and tax
Total profit before extraordinary items and tax 10,94,789 -3,66,15,444
Total profit before tax 10,94,789 -3,66,15,444
Tax expense [Abstract]
Current tax 6,40,989 0
Deferred tax 71,74,244 38,12,368
Total tax expense 78,15,233 38,12,368
Total profit (loss) for period from continuing operations -67,20,444 -4,04,27,812
Total profit (loss) for period before minority interest -67,20,444 -4,04,27,812
Total profit (loss) for period -67,20,444 -4,04,27,812
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] -1.34 [INR/shares] -8.09
Diluted earnings per equity share [INR/shares] -1.34 [INR/shares] -8.09
84
[300500] Notes - Subclassification and notes on income and expenses

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 71,00,56,578 76,24,80,158
Total revenue from sale of products 71,00,56,578 76,24,80,158
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]
Interest income on long-term investments [Abstract]
Interest on other long-term investments 1,38,731 1,64,749
Total interest income on long-term investments 1,38,731 1,64,749
Total interest income 1,38,731 1,64,749
Dividend income [Abstract]
Dividend income long-term investments [Abstract]
Dividend income long-term investments from others 81,630 81,630
Total dividend income long-term investments 81,630 81,630
Total dividend income 81,630 81,630
Other non-operating income [Abstract]
Miscellaneous other non-operating income 95,94,911 1,04,13,531
Total other non-operating income 95,94,911 1,04,13,531
Total other income 98,15,272 1,06,59,910
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense long-term loans [Abstract]
Interest expense long-term loans, others 4,65,77,722 4,67,86,393
Total interest expense long-term loans 4,65,77,722 4,67,86,393
Total interest expense 4,65,77,722 4,67,86,393
Other borrowing costs (A) 21,22,098 (B) 38,81,650

Net gain/loss on foreign currency transactions and translations
-7,94,577 5,90,576
treated as finance costs
Total finance costs 4,79,05,243 5,12,58,619
Employee benefit expense [Abstract]
Salaries and wages 0 0
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 6,00,000 8,00,000
Total remuneration to directors 6,00,000 8,00,000
Total managerial remuneration 6,00,000 8,00,000
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 35,69,647 35,25,392
Total contribution to provident and other funds 35,69,647 35,25,392
Gratuity 31,10,477 24,99,626
Staff welfare expense 45,51,860 46,95,865
Other employee related expenses (C) 7,74,90,479 (D) 7,78,15,747

Total employee benefit expense 8,93,22,463 8,93,36,630
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 1,17,01,153 1,03,94,059
Power and fuel (E) 9,95,17,519 (F) 11,89,23,756

Rent 99,76,973 1,02,91,022
Repairs to building 0 0
Repairs to machinery 35,48,444 32,62,214
85
Insurance 22,02,342 12,17,252

Rates and taxes excluding taxes on income [Abstract]
Total rates and taxes excluding taxes on income 0 0
Subscriptions membership fees 31,000 27,744
Electricity expenses 8,52,456 7,22,434
Telephone postage (G) 12,43,142 (H) 13,38,507

Printing stationery 2,97,726 11,37,065
Information technology expenses 4,42,731 6,51,555
Travelling conveyance (I) 39,02,184 (J) 42,03,055

Legal professional charges 27,64,531 19,69,279
Safety security expenses 11,78,269 1,47,469
Directors sitting fees 0 0
Advertising promotional expenses (K) 11,05,636 (L) 14,81,567

Commission paid sole selling agents 10,70,506 20,76,966
Cost transportation [Abstract]
Cost freight 86,73,656 99,85,960
Cost octroi 26,49,472 45,69,084
Total cost transportation 1,13,23,128 1,45,55,044
Cost water charges 54,192 55,164
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
2,44,298 14,10,817
tangible asset
Payments to auditor [Abstract]
Payment for audit services 2,87,500 2,87,500
Total payments to auditor 2,87,500 2,87,500
Miscellaneous expenses (M) 4,37,72,561 (N) 5,04,71,619

Total other expenses 19,55,16,291 22,46,24,088
Current tax [Abstract]
Current tax pertaining to previous years 4,20,989 0
Current tax pertaining to current year 2,20,000 0
Total current tax 6,40,989 0
Footnotes
(A) Bank Charges=Rs.2147181, Roc Fess and Stamp Duty=(25083)
(B) Bank Charges=Rs.3863750, Roc Fess and Stamp Duty=17900
(C) Salaries and Wages= Rs.75652084, Bonus= Rs.1838395.
(D) Salaries and Wages= Rs.75570895, Bonus= Rs.2244852.
(E) Coal = Rs.62450408, Diesel=Rs. 31230932, Electricity=Rs. 5836179.
(F) Coal = Rs.80513040, Diesel=Rs. 33689641, Electricity=Rs. 4721075.
(G) Postage and Courier charges=s. 378355, Telephone and Internet charges=Rs. 864787.
(H) Postage and Courier charges=Rs. 916624, Telephone and Internet charges=Rs. 421883
(I) Travelling expenses=Rs.3087501, Conveyance=Rs. 8146873
(J) Travelling expenses=Rs.2862648 Conveyance=Rs. 1340407
(K) Advertisment expenses=Rs. 632036, Business promotion expenses=Rs. 473600
(L) Advertisment expenses=Rs. 400770, Business promotion expenses=Rs. 1080797
(M) Packing material=Rs.11533387, Labour charges=Rs.14920155, Tractor and forklift expenses=Rs.238279, Factory
expenses=Rs.1810341, Rates and taxes=Rs.1727374, General expenses=Rs. 909623, Clearing and forwarding for exports=Rs.1659529,
Branch office expenses=Rs.268758, Samples distribution=Rs.1340027, Other selling expenses=Rs.9365088.
(N) Packing material=Rs.16889862, Labour charges=Rs.16693523, Tractor and forklift expenses=Rs.552734, Factory
expenses=Rs.1348440, Rates and taxes=Rs.2373738, General expenses=Rs. 1493284, Clearing and forwarding for exports=Rs.504030,
Branch office expenses=Rs.504030, Samples distribution=Rs.428690, Other selling expenses=Rs.8799154.
86
[300600] Notes - Additional information statement of profit and loss

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 inventories of finished goods 1,25,14,099 5,65,98,699
Changes in inventories of work-in-progress 2,17,62,453 -3,51,90,333
Changes in inventories of stock-in-trade -42,43,226 -2,31,53,425
Total changes in inventories of finished goods, work-in-progress and
3,00,33,326 -17,45,059
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 45,59,22,369 56,41,36,771
Domestic sale traded goods 18,35,02,982 13,69,45,598
Total domestic turnover goods, gross 63,94,25,351 70,10,82,369
Export sale manufactured goods 2,43,27,399 3,68,74,448
Export sale traded goods 4,63,03,828 2,45,23,341
Total export turnover goods, gross 7,06,31,227 6,13,97,789
Total revenue from sale of products 71,00,56,578 76,24,80,158
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

01/04/2016
to
31/03/2017
Disclosure of revenue explanatory [TextBlock] [See below]
Disclosure of revenue explanatory [Text Block]

Income & Expenditure are accounted on accrual basis in accordance with the applicable accounting standards and provision is made for all known
losses and liabilities.
Interest Income is recognized on a time proportion basis on balance amount of investment and applicable interest rate. Interest income is shown
under the head of "other income" in the statement of profit and loss.
87
[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)
Key managerial personnels and directors [Axis] Column 1 Column 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]
SHRIKANT
RAUNAK PRASHANT
Name of key managerial personnel or director SUDHIR
KHADILKAR
KHADILKAR
Director identification number of key managerial personnel or director 00260477 07836882
Permanent account number of key managerial personnel or director BVFPK0116E
Date of birth of key managerial personnel or director 16/06/1967 29/09/1991
Designation of key managerial personnel or director Director Additional Director
Qualification of key managerial personnel or director Architect Graduate/Bachelor/Equivalent
Shares held by key managerial personnel or director [shares] 34,49,950 [shares] 0
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Salary key managerial personnel or director 6,00,000 2,77,638
Gross salary to key managerial personnel or director 6,00,000 2,77,638
Total key managerial personnel or director remuneration 6,00,000 2,77,638
[301000] Notes - Corporate social responsibility

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
88

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Annual Report

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MIRAGE CERAMICS PRIVATE LIMITED

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

[400100] Disclosure of general information about company

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

[400400] Disclosures - Directors report

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

Details of indebtedness of company [Table] ..(1)

Details of indebtedness of company [Table] ..(2)

Details of indebtedness of company [Table] ..(3)

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

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

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

Details of shareholding of promoters [Table] ..(4)

Details of shareholding of promoters [Table] ..(5)

Details of shareholding of promoters [Table] ..(6)

Details of shareholding of promoters [Table] ..(7)

Details of shareholding of promoters [Table] ..(8)

Details of shareholding of promoters [Table] ..(9)

Details of shareholding of promoters [Table] ..(10)

Details of shareholding of promoters [Table] ..(11)

Details of shareholding of promoters [Table] ..(12)

Details of shareholding of promoters [Table] ..(13)

Details of shareholding of promoters [Table] ..(14)

Details of shareholding of promoters [Table] ..(15)

Details of shareholding of promoters [Table] ..(16)

Details of shareholding of promoters [Table] ..(17)

Details of shareholding of promoters [Table] ..(18)

Details of shareholding of promoters [Table] ..(19)

Details of shareholding of promoters [Table] ..(20)

Details of shareholding of promoters [Table] ..(21)

Details of shareholding of promoters [Table] ..(22)

Details of shareholding of promoters [Table] ..(23)

Details of shareholding of promoters [Table] ..(24)

Details of shareholding of promoters [Table] ..(25)

Details of shareholding of promoters [Table] ..(26)

Details of shareholding of promoters [Table] ..(27)

Details of shareholding of promoters [Table] ..(28)

Details of shareholding of promoters [Table] ..(29)

Details of shareholding of promoters [Table] ..(30)

Details of shareholding of promoters [Table] ..(31)

Details of shareholding of promoters [Table] ..(32)

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

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

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

Details of shareholding pattern [Table] ..(4)

Unless otherwise specified, all monetary values are in INR

Disclosure of statement on declaration given by independent directors disclosure

Details on policy development and implementation by company on

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

Financial Results 2016-17 2015-16

Income from operations and Other Income 63,57,20,279 66,54,43,858

Less: Total Expenditure 63,46,25,490 70,20,59,303

Profit (loss) before tax 10,94,789 (3,66,15,444)

Provision for deferred Tax 78,15,233 38,12,368

Prior Period Expense 4,20,989 -

Provision for Current Tax 2,20,000 -

Profit (Loss) after tax (67,20,444) (4,04,27,812)

Add: Depreciation Written Back - -

Profit (Loss) for the year (67,20,444) (4,04,27,812)

Details of Subsidiary/Associate Companies/ Joint Ventures:

Textual information (2)

Details regarding energy conservation