HEPL Financials v1.9 Final

HEMA'S ENTERPRISES PRIVATE LIMITED
No.12, PONAMALLEE ROAD,EKKATTUTHANGAL,CHENNAI-32

Balance Sheet as at 31st March 2021
(Amount in Rs.)
Particulars Notes As at As at
31st March 2021 31st March 2020
I. EQUITY AND LIABILITIES
1 Shareholders' Funds
(a) Share Capital 2 1,010,000 1,010,000
(b) Reserves and Surplus 3 (3,837,545) (380,148)
Total Equity (2,827,545) 629,852
2 Non-Current Liabilities
(a) Long term Borrowings 4 8,500,000 4,000,000
(b) Deferred Tax Liability 4A 178,895 -
3 Current Liabilities
(a) Trade Payables
(i) Total outstanding dues of micro enterprises and small enterprises - -
(ii) Total outstanding due to creditors other than micro and small 5 30,237,486 3,142,392
enterprises
(b) Other Current Liabilities 6 28,085,951 126,961
(c)Short Term Provisions 6A 614,458 -
Total 64,789,245 7,899,205
II. ASSETS
1 Non-Current Assets
(a) Property, Plant & Equipment 7
(i) Tangible Assets #VALUE! -
(ii) Intangible Assets 2,520,451 -
(iii) Capital WIP - 5,794,007
2 Current Assets
(a) Trade Receivables 8 33,100,989 -
(a) Cash and Cash Equivalents 9 8,775,244 1,026,637
(b) Other Current Assets 10 9,488,834 1,078,561
Total #VALUE! 7,899,205
Significant accounting policies and notes to accounts (1-28)
As per our report of even date attached
For Brahmayya & Co.,

Chartered Accountants For and on behalf of the Board of Directors of
Firm Registration No. 000511S Hema's Enterprise Private Limited
P. Babu C.K.Ranganathan Usha Gurunathan

Partner Director Director
Membership No. 203358 DIN:00550501 DIN:09277377
Place: Chennai Place: Chennai Place: Chennai

Date: 24/11/2021 Date: 24/11/2021 Date: 24/11/2021
Statement of Profit and Loss for the year ended 31st March, 2021
(Amount in Rs.)
From 19th Nov 2019
For the year ended
Particulars Notes to
31st March 2021
31st March 2020
I Revenue from Operations 11 58,524,153 -
II Other Income 12 9,966 -
III Total Revenue (I + II) 58,534,119 -
IV Expenses
Employee benefit expense 14 6,523,522 107,447
Depreciation and Amortisation 7 2,120,862 -
Operating Expenses 13 49,389,138 -
Other Expenses 15 3,779,100 272,701
Total Expenses 61,812,621 380,148
V Profit before Exceptional and Extraordinary Items and Tax (III-IV) (3,278,502) (380,148)
VI Exceptional Items - -
VII Profit before Extraordinary Items and Tax (3,278,502) (380,148)
VIII Extraordinary Items - -
IX Profit Before Tax (3,278,502) (380,148)
X Tax Expense -
Current Tax - -
Deferred Tax (178,895) -
XI Profit(Loss) for the Period (IX+X) (3,457,397) (380,148)
XII Earnings per equity share
(i) Basic (34.23) (3.76)
(ii) Diluted (34.23) (3.76)
Significant accounting policies and notes to accounts (1-23)

Chartered Accountants For and on behalf of the Board of Directors of Hema's
Firm Registration No. 000511S Enterprise Private Limited


Date: 24/11/2021 Date: 24/11/2021 Date: 24/11/2021
Cash Flow Statement for the year ended 31st March, 2021
(Amount in Rs.)
For the year ended From 19th Nov 2020

Particulars
31st March 2021 to 31st March 2020
A. Cash flow Operating activities

Profit Before Tax (3,278,502) (380,148)
Depreciation And Amortisation 2,120,862 -
Interest On Fixed Deposit (6,402) -
Other Misclleneous Income (3,564) -
Operating profit before working capital changes (1,167,606) (380,148)
Adjustments for:
a) (Increase)/decrease in Trade Receivables (33,100,989) -
a) (Increase)/decrease in Other Current Assets (8,410,272) (1,078,561)
c) Increase/(decrease) in Trade Payables 27,098,658 3,142,392
d) Increase/(decrease) in Other Current Liabilities 27,958,990 126,961
d) Increase/(decrease) in Short Term Provisions 614,458 -
Cash generated from operations 12,993,238 1,810,644
Income tax paid - -
Net cash from operating activities (A) 12,993,238 1,810,644
B. Investing activities
Purchase of Fixed Assets (7,481,561) -
Increase in Capital Work in Progress - (5,794,007)
Interest Received On Fixed Deposits 6,402 -
Net cash from investing activities (B) (7,475,159) (5,794,007)
C. Financing activities
Proceeds from issue of shares - 1,010,000
Loan availed from Director 4,500,000 4,000,000
Loan from Cavinkare Pvt Ltd 0 -
Net cash from financing activities (C) 4,500,000 5,010,000
Net increase/(decrease) cash and cash equivalents (A+B+C) 10,018,079 1,026,637
Cash and cash equivalents at beginning of the period

Balance with banks in current accounts 1,026,637 -
Cash and cash equivalents - opening balance 1,026,637 -
Cash and cash equivalents at the end of the period:

Balance with banks in current accounts 8,775,244 1,026,637
Cash and cash equivalents - closing balance 11,044,716 1,026,637

For and on behalf of the Board of Directors of Hema's
Chartered Accountants
Enterprise Private Limited
Firm Registration No. 000511S


Date:24/11/2021 Date:24/11/2021 Date:24/11/2021
Notes to the Accounts for the year ended 31st March 2021
NOTE 2 : SHARE CAPITAL

(Amount in Rs.)
Particulars As at As at
a) Authorised
150,000 equity shares of Rs 10/- each 1,500,000 1,500,000
b) Issued, Subscribed and fully Paid up
101,000 equity shares of Rs 10/- each 1,010,000 1,010,000
The Company has only one class of shares - equity shares of Rs. 10/- each.
The rights attached to these shares are those that are provided to the shareholders of equity shares under the Companies Act, 2013 (“the Act”)
and the Articles of Association of the Company. These rights include, inter alia, the right to vote, right to receive dividends declared and
the right to participate in the surplus assets in the event of a liquidation (in the ratio of number of shares held).
Details of number of shares held by shareholders holding more than 5% shares are set out below:
Name of the share holder Status Class of shares As at As at
No. of shares % held % held
C.K.Ranganathan Director Equity shares 50,500 50% 50%
R.Thenmozhi Director Equity shares 50,500 50% 50%
Reconciliation of the number of equity shares outstanding at the beginning and at the end of the financial year is as follows:
Shares outstanding at the beginning of the year 101,000 -
Add: Shares issued during the year - 101,000
Less: Shares bought back during the year - -
Shares outstanding at the end of the year 101,000 101,000
NOTE 3 : RESERVES AND SURPLUS

(Amount in Rs.)
a) General reserve
Opening balance - -
Add: Transferred during the year - -
Closing balance (a) - -
b) Surplus in the Statement of Profit and Loss

Opening balance (380,148) -
Add: Profit for the year as per Statement of Profit and Loss (3,457,397) (380,148)
Balance carried to Balance Sheet (b) (3,837,545) (380,148)
Total (a)+(b) (3,837,545) (380,148)
NOTE 4 : LONG TERM BORROWINGS

(Amount in Rs.)
Unsecured Loan from director 8,500,000 4,000,000
Total 8,500,000 4,000,000
Note:i) Loan Repayable in 10 Years
ii) Interest free loan
NOTE 4A : DEFERRED TAX

(Amount in Rs.)
In respect of Written down value of fixed assets as per books of accounts & Income Tax Act,1961 338,654 -
Leave Encashment Payable (1,861) -

Gratuity Payable (3,411) -
Bonus Payable (154,487) -
DTL to be maintained 178,895 -
NOTE 5 : TRADE PAYABLES

(Amount in Rs.)
Total outstanding dues of micro enterprises and small enterprises - -
Total outstanding due to creditors other than micro and small enterprises 30,237,486 3,142,392
Total 30,237,486 3,142,392
Note: Company is in the process of obtaining confirmation from MSME vendor. As of 31st March,2021, no vendor has confirmed about the
status of MSME.
NOTE 6 : OTHER CURRENT LIABILITIES
(Amount in Rs.)
Statutory Dues:
Employee And Employer Contributions 264,880 12,092
Taxes Payable Other Than Income Taxes 10,244,826 64,869
Advance received from Customers 9,396,000 -
Expenses Payable 8,180,245 50,000
Total 28,085,951 126,961
NOTE 6A : SHORT TERM PROVISIONS

(Amount in Rs.)
Bonus Payable 594,182 -
Leave Encashment Payable 7,156 -
Gratuity Payable 13,120 -
Total 614,458 -
NOTE 8 : TRADE RECEIVABLES

(Amount in Rs.)
Unsecured, Considered Good 33,100,989 -
Total 33,100,989 -
NOTE 9 : CASH & CASH EQUIVALENTS

(Amount in Rs.)
Bank Balance In Current Accounts 8,775,244 1,026,637
Total 8,775,244 1,026,637
NOTE 10: OTHER CURRENT ASSETS

(Amount in Rs.)
Advance to Vendors 165,811 -
Prepaid Expenses 359,028 -
Advance to employees 7,500 -
Balances with Govt Authorities 8,956,495 1,078,561
Total 9,488,834 1,078,561
NOTE 11 : REVENUE FROM OPERATIONS

(Amount in Rs.)
Particulars For the year ended From 19th Nov 2020
Business Process Outsourcing and Related Activities 58,524,153 -

Total 58,524,153 -
NOTE 12 : OTHER INCOME

(Amount in Rs.)
Interest on Fixed Deposits 6,402 -

Miscellaneous Income 3,564 -
Total 9,966 -
NOTE 13 : OPERATING EXPENSES

(Amount in Rs.)
Business Outsourcing Charges 42,013,447 -

Tele Marketing Expenses 612,467 -
Stipend To Trainees 6,763,224 -
Total 49,389,138 -
NOTE 14 : EMPLOYEE BENEFIT EXPENSES
(Amount in Rs.)
Salaries And Wages Including Bonus 5,898,927 100,651

Contributions to Provisednt and Other Funds 442,601 6,796
Staff Welfare Expenses 181,994 -
Total 6,523,522 107,447
NOTE 15 : OTHER EXPENSES

Other Expenses
(Amount in Rs.)
Rent 1,005,000 198,000

Electricity Charges 292,845 -
Rates and Taxes 6,450 400
Insurance 5,844 -
Audit Fees 50,000 50,000
Repairs & Maintenance 289,947 -
Communication Expenses 501,449 -
Professional Charges 1,422,347 -
Preliminary Expenses - 22,891
Miscellaneous Expenses 205,218 1,410
Total 3,779,100 272,701
Notes to the Accounts for the period ended 31st March 2021
NOTE 16
16.1 RELATED PARTY TRANSACTIONS
i) Names of related parties and nature of relationship
Name of related party Relationship

Cavin International Private Limited Enterprise over which key management personnel have significant influence
C.K.Ranganathan Key Managerial Personnel

R.Thenmozhi Key Managerial Personnel
ii) Transactions during the year with related parties:
Transaction Name of the related party Nature of relationship For the year ended From 19th Nov 2020 to
Rent Cavin International Private Limited Enterprise over which key management #NAME? 198,000
personnel have significant influence
Loan from Director C.K.Ranganathan Key Managerial Personnel 4,500,000 4,000,000
Enterprise over which key management
Purchase of Fixed asset Cavin International Private Limited personnel have significant influence 2,105,203 5,243,442
Purchase of Fixed asset CavinKare Pvt Ltd personnel have significant influence 100,823 -
Purchase of Products CavinKare Pvt Ltd personnel have significant influence 13,960 -
Service provided to CIPL Cavin International Private Limited personnel have significant influence 1,200,823 -
Service provided to CKPL CavinKare Pvt Ltd personnel have significant influence 57,118,247 -
Service provided to CKS Enterprise over which key management
Foods CK'S Foods Pvt Ltd personnel have significant influence 55,250 -
Unsecured Loan CavinKare Pvt Ltd Enterprise over which key management
personnel have significant influence #NAME? -
iii) Balance Outstanding as on March 31,2021 :
As at As at
Particulars Name of the related party Nature of relationship 31st March 2021 31st March 2020
Share Capital C.K.Ranganathan Key Managerial Personnel 505,000.00 505,000

Share Capital R.Thenmozhi Key Managerial Personnel 505,000.00 505,000
Loan from Director C.K.Ranganathan Key Managerial Personnel 8,500,000.00 4,000,000
Unsecured Loan CavinKare Pvt Ltd Enterprise over which key management #NAME? -
personnel have significant influence
Trade payable Cavin International Private Limited personnel have significant influence - 3,142,392
16.2 EARNINGS PER SHARE
Particulars For the year ended From 19th Nov 2020 to

A. Profit/(Loss) for the year after taxation (3,457,397) (380,148)

B. Total number of equity shares of Rs.10/- each outstanding at the end of the year (in numbers) 101,000 101,000
C. Basic and diluted earnings per share (in Rs) = (A/B) (34.23) (3.76)
16.3 Revenue and expenditure in foreign currency (on accrual basis) Rs. Nil.
16.4 The Company has reviewed its long term contracts and does not anticipate any material foreseeable losses arising from such contracts. The Company has not entered into
any derivative contracts during the year.
16.5 Preliminary expenses incurred for the incorporation of the company are written off during the previous year 2019-20
16.6 The company does not owe any amount to MSME
16.7 There are no pending litigations as on March 31, 2021.
16.8 Comparitive figures have been regrouped/reclassfied wherever necessary to correspond with current year's classification/disclosure.
16.9 Figures have been rounded off to the nearest rupee.

Note 7: Property, Plant & Equipment
Gross Block Depreciation Net Block
Asset Class Opening Additions Deletions Closing Opening Additions Deletions Closing Closing Opening
Lease hold Improvments - Sum - Amount (IN - #VALUE! - 886,351 - 886,351 #VALUE! -
Computer Hardware 869,670 - 869,670 - 155,194 - 155,194 714,476 -
Computers & Accessories - 993,770 - 993,770 - 341,665 - 341,665 652,105 -
Furniture,Fixtures & Fittings - 5,253,995 - 5,253,995 - 111,040 - 111,040 5,142,955 -
Office Equipments - 825,523 - 825,523 - 269,590 - 269,590 555,933 -
Plant and Machinery - 2,728,355 - 2,728,355 - 273,218 - 273,218 2,455,137 -
Software - 2,604,255 - 2,604,255 - 83,804 - 83,804 2,520,451 -
Capital WIP 5,794,007 - 5,794,007 - - - - - - 5,794,007
Grand Total 5,794,007 13,275,568 5,794,007 #VALUE! - 2,120,862 - 2,120,862 #VALUE! 5,794,007
Ledger CodCategory Classification Ledger
130002 Liabilities Non-Current Liabilities Unsecured Loans
Sub-Ledger
Unsecured Loans
Mapping OB Debit Credit
Advance received from Customers 9,396,000.00
Balance Audit Entries Balance Remarks Note reference
-9,396,000.00 -9,396,000.00 Advance Reclassification 4

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HEMA'S ENTERPRISES PRIVATE LIMITED

No.12, PONAMALLEE ROAD,EKKATTUTHANGAL,CHENNAI-32

As per our report of even date attached

For Brahmayya & Co.,

P. Babu C.K.Ranganathan Usha Gurunathan

Place: Chennai Place: Chennai Place: Chennai

As per our report of even date attached

For Brahmayya & Co.,

P. Babu C.K.Ranganathan Usha Gurunathan

Place: Chennai Place: Chennai Place: Chennai

For the year ended From 19th Nov 2020

A. Cash flow Operating activities

Net increase/(decrease) cash and cash equivalents (A+B+C) 10,018,079 1,026,637

Cash and cash equivalents at beginning of the period

Cash and cash equivalents at the end of the period:

As per our report of even date attached

For Brahmayya & Co.,

P. Babu C.K.Ranganathan Usha Gurunathan

Place: Chennai Place: Chennai Place: Chennai

NOTE 2 : SHARE CAPITAL

NOTE 3 : RESERVES AND SURPLUS

b) Surplus in the Statement of Profit and Loss

Total (a)+(b) (3,837,545) (380,148)

NOTE 4 : LONG TERM BORROWINGS

NOTE 4A : DEFERRED TAX

Leave Encashment Payable (1,861) -

NOTE 5 : TRADE PAYABLES

NOTE 6A : SHORT TERM PROVISIONS

NOTE 8 : TRADE RECEIVABLES

NOTE 9 : CASH & CASH EQUIVALENTS

NOTE 10: OTHER CURRENT ASSETS

NOTE 11 : REVENUE FROM OPERATIONS

Business Process Outsourcing and Related Activities 58,524,153 -

NOTE 12 : OTHER INCOME

Interest on Fixed Deposits 6,402 -

NOTE 13 : OPERATING EXPENSES

Business Outsourcing Charges 42,013,447 -

Salaries And Wages Including Bonus 5,898,927 100,651

NOTE 15 : OTHER EXPENSES

Rent 1,005,000 198,000

i) Names of related parties and nature of relationship

Name of related party Relationship

C.K.Ranganathan Key Managerial Personnel

ii) Transactions during the year with related parties:

Share Capital C.K.Ranganathan Key Managerial Personnel 505,000.00 505,000

16.2 EARNINGS PER SHARE

Particulars For the year ended From 19th Nov 2020 to

A. Profit/(Loss) for the year after taxation (3,457,397) (380,148)

16.6 The company does not owe any amount to MSME

16.7 There are no pending litigations as on March 31, 2021.

16.9 Figures have been rounded off to the nearest rupee.

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