RAMAWATAR SUNAR A-2/252-253, Ground Floor, Sector 8, COST ACCOUNTANT Rohini,Delhi-110085 Membership No. 10567 mail ramsoni50@gmail.com M. No, 9654022088, COST AUDIT REPORT {See rule 2 and rule 6) |, Ramawatar Sunar, having been appointed as Cost Auditor under section 148(3) of the Companies Act, 2013 (18 of 2013) of M/s MRL TYRES LIMITED (Formerly Malhotra Rubbers Limited) having its registered office at 70/50A Ist Floor Rama Road, Industrial Area, Najafgarh Road, Moti Nagar, New Delhi- 110015, have audited the Cost Records maintained under section 148 of the said Act, in compliance with the cost auditing standards, in respect of the products “Rubber & Allied Products, ‘Tyres & Flaps” for the year 2019-20 maintained by the company and report, in addition to my observations and suggestions in para 2. Disclosures in the Audit Report in the light of the lockdown due to COVID-19 pandemic forms integral part of this report and is given separately. (i) Thave obtained all the information and explanations, which to the best of my knowledge and belief were necessary for the purpose of this audit, (i) Inmy opinion, proper cost records, as per rule 5 of the Companies (cost records and audit rules), 2014, have been maintained by the company in respect of good(s) /Service(s) under reference. (iii) In my opinion, proper returns adequate for the purpose of the Cost Audit have been received from the branches not visited by me. (iv) Im my opinion and to the best of my information, the said books and records give the information required by the Companies Act, 2013, in the manner so required. (v) In my opinion, information, statements in the annexure to this cost audit reports give a true & fair view of the cost of production of good(s)/rendering of service(s), cost of sales, margin and other information relating to good(s) /Service(s) under reference. (vi) In my opinion, company has adequate system of internal audit of cost records which to my opinion is commensurate to its nature and size of its business. (vii) Detailed unit-wise and product/activity-wise cost statements and schedules thereto in respect of the product(s)/service(s) under reference of the company duly audited and certified by me are kept in company. 2, Observations and suggestions, if any, of the Cost Auditor, relevant to the cost audit. ‘The company has implemented SAP Software in financial module during last year but the costing module/HR module is still to be implemented to arrive at exact cost of different products. As informed by the management costing module is likely to be implemented from the next financial year. (Dopagnanc oe — DELHI RAMAWATAR SUNAR DATED: 14-12-2020 ew COST ACCOUNTANT M. NO. 10567 FRN NO. 100691 UDIW 200567 AN W IxTUB4FZRAMAWATAR SUNAR A-2/252-253, Ground Floor, Sector 8, COST ACCOUNTANT Rohini,Delhi-110085 Membership No. 10567 E-mail ramsoni50@gmail.com M. No. 9654022088 Integral part of the Cost Audit Report for the year ending 31st March, 2020- M/S MRL Tyres Limited, 70/50A, First Floor, Rama Road Indl. Area, Najafgarh Road, Moti Nagar, New Delhi -110015 Disclosures in the Au Report in light of the Lockdown due to COVID19 Pandemic ‘A. Impact of COVID19 Lockdown on the Operations of the Company and Resumption of Operations post COVID19 Lockdown The Operations of the Company during the year ended 31st March 2020 were marginally affected due to Lockdown announced by the Central / State Governments in the month of March 2020 due to the outbreak of Novel Coronavirus COVID19. Due to the Lockdown announced by the Central / State Governments the operations of the company were shutdown from 22nd March, 2020. As per the relaxation offered by the respective Central / State governments and local authorities, the Company had resumed its operations at its plant situated at Noida & Surajpur, Uttar Pradesh, in a phased manner from 10th April, 2020 conforming to the guidelines of the Government. B. Comment on the Physical Visit to the Plants The nationwide Lockdown process started from 22"! March 2020 in form of a 14 Hr. ‘Janata Curfew’. A formal National Lockdown was announced by the Central Government from 24** March 2020 in successive phases. This has resulted into serious restrictions on travel. Hence there have been limitations on physical visits to the head office / units / plants / branches / offices etc. of the Company. In light of the said travel restrictions, I have not visited any of its offices situated at Noida, Surajpur, Uttar Pradesh and Delhi after 22nd March, 2020. Form CRA 3 (Form of the Cost Audit Report) requires Cost Auditor to comment on the adequacy of the data / information / returns received for the purpose of Cost Audit, from the branches not visited by me. I would like to mention that due to the Lockdown situation as mentioned above, | was not able to visit any of the branches of the Company. But I have received the relevant data / information / record / returns from the branches not visited by me. C Audit using Online Auditing Method /Techniques In light of the restrictions in physical movement and visits to the company offices, the Company has given me access to their ERP System. | was able to access the relevant data & records for my Audit purpose. Further, the company has provided all other data / information / records as required by me using e-data sharing modes. | also had continuous communication with the Audit Team & Management of the Company using various modes such as Audio / Video Conferencing, etc. (s/f &In this respect, | have followed the ‘Advisory on Auditing and Assurance assignments during the Period of Lockdown and Restrictions on Travelling’ issued by The Institute of Cost Accountants of India to the extent relevant and applicable. D. Online Verification of the Document / Records / Statements & Assurance about the accuracy and authenticity of the same Due to the phase wise Lockdown imposed by Central / State Governments and the resulting travel restrictions, it was not possible to physically visit the Company and carry out the audit function. I have carried out the Audit Process using various techniques of Online Auditing. I have verified the records / documents / statements received by us through electronic media. 1 have also received Management Representation Letters where ever necessary. Using such techniques | have ensured reasonable assurance that the information / record / statements provided to me are free from material misstatement and adhere to the relevant standards. In this respect, 1 have also followed the ‘Advisory on Auditing and Assurance assignments during the Period of Lockdown and Restrictions on ‘Travelling’ issued by The Institute of Cost Accountants of India to the extent relevant and applicable E Physical Inventory Count on a date other than the date of the Financial Statements Due to the Lockdown imposed by the Central / State Governments in wake of the COVID19 Pandemic, it was not feasible for the Company to carry out a Physical Inventory Count on the date of the Financial Statements, i.e. on 31% March 2020. The Company has decided to opt for Physical Inventory Count at a date other than the date of Financial Statements. Ihave not attended the Physical Inventory Count in person. The Company is following a system of Perpetual Inventory Count. | have followed various Roll Forward Techniques for establishing reasonable authenticity and accuracy of the Physical Inventory Count. | have relied upon the records of material movement, purchases, sales, goods receipts, scrap, etc. as made available to me by the management. | have relied on the data / information as certified by the management or certified by other independent auditors, wherever required. F. Formation / Expression of Opinion I have carried out the Audit Process using Online Mode. I have carried out the Audit Process subject to my disclosures as mentioned above. The audit evidence obtained by me is adequate to express my audit opinion. While expressing my audit opinion, | have also relied upon certifications by the management or certifications by other independent auditors, wherever required. Ae bok, PLACE: DELHI RAMAWATAR SUNAR DATED: 14-12-2020 he COST ACCOUNTANT le M. NO. 10567 \ FRN NO. 100691[ANNEXURE TO THE COST AUDIT REPORT IRL TYRES LiNnTED FORMERLY MALHOTRA RUBBERS LIMITED PART A Year ened 315t March 2020, 1. GENERAL INFORMATION 1 corporate idenity nmr or oreign company eegtration number Uraso00u97eP1c009127 Name ofthe compar [MR TYRES UNITED FORMERLY MALHOTRA RUBBERS UNITED) [address of roitered office or of prnchal place oF business nnd 170/508 First Foor, Rema Road in. Are, Nojagarh Road, Mati Nagar, New 3 leompany loan. s0015 SOR Fes Foor, Ram HORT AT, Naja Ea7EN NOS, WT NGS, NET 4 lasers of corporate ofe of compa loehi-10015| 5_|emaitodiress of compan laccounteomvtiescom 6_|oste of beginning of reporting Final Year lor.o1-2019 7 |oste of end of reporting Financial Year [31.03.2020 8_Joste oftesinning of previous financial year lor.oa.2018 8 |oste of end of previous fhancialyoar [31-03-2019 10 |tovetof ound wed in cost statements in NR lnostute 11 ivhetner nian Accounting Standards are apglicabe tothe company No 12 |wumber of cost auditor for oportig period 1s bate of oad of directors meetingin which annexure to Cost audi report 13 |was approved 4.122020 whether Cost audiors eport has been qualified or has any roronations or 14 leertains adverse mars ho [Consliated qualicaions,rsewatians or adverse marks ofa cont, 1 |avdiors ho [The company fas plemented SAP Soivaren foil module bathe costing 16 |consodated observations or suggestions of al cost auitors etd Esk be aplnertos ners acco, jateren products. A informed by the management costing modules Mey to be mplemented fom the nex financal your. ether company has elated party Wensaclons or sole or purchase of ods & ser, bres 2. GENERAL DETAILS OF COST AUDITOR [Whether cost air wend ator er 2 [eatepory of cos autor Proprio 3 [Fis egstaon numer ones. ‘| name of cost avditr/cot autor = frm Wr Ramawatar Sonar '5 [PAN of cost auditor/eos auditor's fim fazrsasN 6 [Adress of cost ator or ost adie rm a.2/252-253, Ground Moor Sector, Robin New Oalhi-TA0OR, 7 [emai of cost autor or cst outs fm ramsonsomgmatcom [Membership number of member signing port hos67 9 [Name of member signing report Iw. Ramawatar Sonar 1 eee eee Invober & Alled Produit (Tyre & ap) WOT & aaa) ay ose rsa fe Sa cra ore ber & Aled Product (RTM) (3006), Ti SH moro Form RAT e9550122 dated 11.09.2019, numberof aud commatee meeting during the year Yor whigh Cort 12] auator was ates 1b Number of aust commitve meting) attended by oat auditor during s2pfyear h 13. [bate of ing con alt vepart and aanorure by com autor ere 14” Place of sigan cost at report and annexure by cost audtor oeMRL TYRES LIMITED FORMERLY MALHOTRA RUBBERS LIMITED COST ACCOUNTING POLICY ‘Year ended 31st March 2020 3. COST ACCOUNTING POLICY: (2) briefly describe the cost accounting policy adopted by the Company and its adequacy or otherwise to Jdctermine correctly the cost of production/operation, cost of sales, sales realization and margin of the products)/service(s) under reference separately for each poducts)/service(s) The Policy shall cover, Inter alia, the following areas : rhe company maintained is financial accounting in SAP Software .The books of account and other records have been designed to facilitate compliance of the relevant provisions of the Companies Act on one hand, and meet the internal requirements of information and systems for planning, review and internal control on the other. (a) Identification of cost centres/cost objects and cost drivers Each department / activities where costis incurred directly have been identified as cost centre. The expenses have been accumulated under different cost centres classified as production cost centres, service cost centres, works overheads, administration overheads and selling & distribution overheads. Cost of service cost centres are apportioned to the respective consuming cost centres on the basis of actual usage of the service {b) Accounting for material cost including packing materials, stores and spares etc, employee cost, utlities |and other relevant cost components aw materials for manufacturing of different products viz., Rubber, Carbon Black, Cord Fabric, Solvent and other purchase materials, both indigenous and imported, are valued at weighted average basis . Cost of naterials is net of Input tax credits: GST ( wherever input tax credit is admissible). The stores and spares consumption are directly charged to cost centre as and when consumed with the particular cost centre. Employee cost is hooked cost centre wise. Cost of utilities like power & fuel are charged to the cost centres on Ithe basis of their actual usage by the respective cost centre. {c) Accounting, allocation and absorption of overheads Works overheads relating to production have been allocated to products on actual or reasonable ba: applicable. Administrative overheads have been allocated to products on reasonable basls Selling & distribution overheads have been allocated to the products on their incurrance. = ‘(d) Accounting for Depreciation/Amortization Depreciation has been provided Based on the useful life ofthe assets as provided in Schedule of the Icompanies Act. 2013, on Straight Line Method. {e) Accounting for by-products/joint-products, scraps, wastage etc ihe Sate value of scrap Wentfiable with the product group have been reduced from the cost of production of respective products {f)_ Basis for Inventory Valuation Raw Maternal, Work-in-progress, Finished Goods and Stores are valued at cost (weighted average basis) o/ Market price whichever is less. ‘Cost of raw-material comprise all costs of purchases (net of input tax credit) ost of conversion and other costs incurred in bringing the raw-material, WIP & Finished Goods to their present lecation and condition. (g) Methodology for valuation of Inter-Unit/Inter-Company and Related Party transactions nter-Unit transactions /related party transactions are made at transaction value je. at arm's length price, {h) Treatment of abnormal and non-recurring costs including classification of other non-cost items Gain Loss on foreign exchange fluctuation, Bad debts Profit on sale of fixed assets, Donation, CSR expenses, Prior period /Exceptional items have been treated as non-cost items and shown in profit reconciliation . {) Other relevant cost accounting policy adopted by the Company [Nothing in particular 2) Briefly specify the changes, Many, made inthe cost accounting policy forthe product/activity group(s) under audit during the current financial year as compared to the previous financial year. Not Applicable [3) Observations ofthe Cost Auditor regarding adequacy or otherwise ofthe Budgetary Control System, i lany, followed by the company. company is having adequate budgetary control system through implementation of SAP Software(MRL TYRES LIMITED FORMERLY MALHOTRA RUBBERS LIMITED DDETAILS OF PRODUCT GROUP ‘Year ended 31st March 2020 «4. PRODUCT/SERVICE DETAILS (forthe company as a whole) ‘whether | Net Operational Revenue (net of = Name of Product(s) /Services) vom | CTA | covered tenes, duties otc) heading | under cost ‘audit¥es/ | Current Year | Previous Year No [Manufactured Product 3 [res & flaps wR | aoreaore | ves | aaseeaza0u[ —27577,38,612) 2._ecr ink | 4008, ves. 2,28 200 3_[eTw, INR | 4008 YES: 2120563 34,38,427| a. [rac INR | 3506, No 21.95,253] 3058.37 5. [ack INR | 5902 No 372.377] __437,77.140) ‘Total Net Operational revenue of Manufactured Product lor service 2a747.12,093| _27782,41,745 [Other Operative incomes of the Company, &_[Tyre (Trading) ime won We 739. 7 7. [tube (trading) wR | _a013. No, %5e5,00,214| _400,65,368] [Flap (Trading) ine | 4012 No. 54,45,626| a 9, [chemical (High Sea5) INR No '30,00,005| a0. [SCRAP INR No. T3072 "71, 61.120| Irotal other Operative Incomes ofthe Company, Ne yeas7a2| _51227,280 |crand Total Operative incomes of the Company INR 29510,99,205| _26298,69,038) lother incomes of Company INR so1e076| __$92,64,323) {Total revenue as per Financal Accounts IN 29902,79,381| _ 2887,33,347 lexceptional and Extra Ordinary income nil a lother Comprehensive income if any nal wl Foal Revenue inching Exceptional, Exva Ordinary and! [Other Comprehensive income, f any 29902,79,281| _28887,33 347 Frumover as per Excise / Service Tax /GST records nm '33166,94,865| __30679,63,977 Tate urpover 3s per GST Racords indudes stock transfer to depots Rs 37;14,94,312/- (previous year Rs. 23,82,55,546/-) resulting in enhanced turmover to that extent.GST payable/paid throu igh LT.Cis also enhanced to this extent during the year 2019- Note: 2" manufactured tyres and Flaps sale includes Export incentive Le. MEIS & Duty draw back amounting to Rs 6,22,83,573/- ‘during the year 2019-2020 Note: 3-"Trading Tubes and Flaps sale includes Export incentive Le. MEIS & Duty draw back amounting to Rs the year 2019-2020 Note: sport incentives of Rs, 7,43,53,855/- Included In Tyres & Flaps sale in previous yeor 12,19,187/- duringMRL TYRES LIMITED FORMERLY MALHOTRA RUBBERS LIMITED PART-B QUANTITATIVE INFORMATION Year ended 31st March 2020 7. QUANTITATIVE INFORMATION (for each product with CETA heading separately) [Name of Product Tyres & Flaps ICETA heading 4011 & 4012 [Unit of Measurement MT Particulars Current Year_[Previous Vear 1. Available Capacity (a) Installed Capacity 118,000.00 18,000.00 {(b) Capacity enhanced during the year, if any 3,600.00 : (@) Capacity available through leasing arrangements, if any e (a) Capacity available through loan license / third parties {e) Total available Capacity 21,600.00 118,000.00 2. Actual Production {a) Self manufactured 15,640.79 14,712.18 (b) Produced under leasing arrangements : {€) Produced on loan license / by third parties on job work = (d) Total Production 15,640.79 14,712.18 3, Production as per Excise/GST Records 15,640.79 14,712.18 4, Capacity Utilization (in-house) T2.A1%| 81.73%| 5, Finished Goods Purchased (a) Domestic Purchase of Finished Goods : 30.16 (b) Imports of Finished Goods (€) Total Finished Goods Purchased 6. Stock and Other Adjustments (a) Change in Stock of Finished Goods, “216.89 “84.28 {b) Self / Captive Consumption (incl. samples etc.) (c) Other Quantitative Adjustments, if any (wastage etc.) 30.16 {d) Total Adjustments -216.89 84.28 7. Total Available Quantity for Sale [2(d) + 5(c) + 6(¢)] 15,423.90 14,658.06 : 8, Actual Sales a) Domestic Sales of Manufactured Products, 3,712.09 3,272.55, (b] Domestic Sales of Traded Products: 3.40 (c) Export Sale of Manufactured Products 1711.81, 11,370.44 (d) Export Sale of Traded Products 1.67 (e) Total Quantity Sold 15,423.90 14,658.06 INote: 1- Sale as well as Opening and closing stock of PCT(CETA 4008) has been included in stock of ‘Tyres & Flaps as there is no production during the previous year x \MRL TYRES LIMITED FORMERLY MALHOTRA RUBBERS LIMITED PART-B QUANTITATIVE INFORMATION Year ended 31st March 2020 T. QUANTITATIVE INFORMATION (for each product with CETA heading separately) [Name of Product RTM. ICETA heading 4006, lUnit of Measurement Mt Particulars Current Year_| Previous Year 1. Available Capacity (a) Installed Capacity 320.00| 320.00| (b) Capacity enhanced during the year, if any {c) Capacity available through leasing arrangements, if any (a) Capacity available through loan license / third parties (e) Total available Capacity 320.00] 320.00] [2 Actual Production (a) Self manufactured 15.85 25.26 (b) Produced under leasing arrangements {@) Produced on loan license / by third parties on job work (d) Total Production 15.85 25.26 3, Production as per Excise Records 15.85 25.26 ‘4, Capacity Utilization (in-house) 4.95% 7.89% 5. Finished Goods Purchased {[a)-Domestic Purchase of Finished Goods (b) imports of Finished Goods (c} Total Finished Goods Purchased 6. Stock and Other Adjustments (a) Change in Stock of Finished Goods 0.07 (0.09 {b} Self / Captive Consumption (incl. samples etc.) (q Other Quantitative Adjustments, if any (wastage etc.) (@) Total Adjustments -0.07 0.09] 7. Total Available Quantity for Sale [2(d) + 5(c) + 6(d)] 15.78| 25.35 8. Actual Sales {a) Domestic Sales of Manufactured Products 15.78 25.35] (bh) Domestic Sales of Traded Products {e) Export Sale of Manufactured Products (d) Export Sale of Traded Products {e) Total Quantity Sold 15.78) 25.35}(tang ‘oxrew lense ste sient ae oe oo st te) iar cy as pre ro 3 ]pccuntinensemiet 5 [tec rety dts 28 swsoonaso| gars | means] ta * Joe topines tot fomaneae| —2ass| ssmanrae| soars leone ser saaos| sua] scum 08 > Sian) de] sz04ar tat 10 [teins ew Fev {ilpepcatanmoritan osms] go) oman 25 [nny Spd Opte prs sta eat) or ee 15 cena notre ‘0.81 Ss] -aamzoee 82 |S rman rg cot it fer PrateOsemtoe 8 TOT Tani] amas] esau] aa at ett rdten esProw 8 aan} Tal] sees) to 2: fmssconrnn ecole Soot opeset| fe abies 0 2 |e stage comongtn namo 3 erate i eo not ot Poa SOUT eases | tars | teers) & [nist vero Taitsiam| —“sasno| otstsee| a 28 [scary Poca cont 2asan 6] aupaas 1m 2 |singen erin eet ronsnaas| —_asi|_asexne02 se Sates tlre 07 Teatsanane| irae] aster 2 [ued rg Sr (34800 oe] —enngaze “i ‘feos ) Tionsiass| —iyasse]| wreacen| ia $i seston at Toman Sesanase| taza | gemeian| se 5: [ete ee et coe) seas east ans 3 + Tatas ee enpenae bw trod 216.0) en asl ao Dc yf ee Fai basa onal st fo cause) | vo lesen | ammoane_| ua _lnata per) Anne fier eriee—[— wr nao} serona| ase | assem ines [at Sooas7s| seianoss| —asseso| —oano«o| erg sauvsai| —amane | —Yameas| —a0i27375| — regal [ema ina [at ‘oroar| —woasree| —aaa7 Beate Tssgrsaa[ or Sioras[— mua asa 708 jaaee|—masa0[ —son90 assa403 pa Tages | — eoaeese| te ves| 798 3S gees | wT a issn] — sera Tassar{ —aisemss | apo asts|—aosese| —2anansae| soma [alain tan co ms Tsp maces masse sisaaassr| “souan [amr [aseaoan an [i a oR Command 7 Poe sno| “henena | vom | caso | "ray ™ | amcumt | _cunny | sd__|__ roe Te Sasa sas] ao | aa | aia Simca 3 ord i] masa] — aaa a7] W032) Tes Bona 3109906)‘er cnet 220 fr Fraioaon — tad [Ped eps Oia ays Fama fatparon fnoonis) | Patan Oa [ne mel 7 fina Ganado an A Sawa] woos] — aaa] — LTS 2 pose bsterasrremes ‘oot? essa) 2300] aa 2x0) * ‘Poemtenoes cot tse] 3a sea ton ‘ reas] asso] saa ast 1 Pesisaed tenn Rast) aon] sae seat itheatnewtentee toy 1 oeectanlirerteion aso) age] ae 0 | 1 ny pce Oat pnes tab a era tefiewite ‘waigar] ayaa] ssc) 1a | 1 cater necro “aume| a0] aga ‘ 47 |rmar Pct 1 [eon Pronto) ‘esems] — tara] asas) aa It foal fda ards 8 TT eae] — soca] poahiae | aa 2: [nceeoncene Suc ted ods 350 ‘ ted 3 2a ste cosungn ee Soa ot) $s oiaradusnens on ft coal pol een STIS EAT T "aan | —Zorm| —Saaraa] taal 25 [rane Overs ‘sie asa ones 585 2 [ecm Poe cot sas Soe 2a 2 |stngsoOston Ovohate san] asa se 2a Btn sree 0 FT amen] —aispet| ——Sus1ss0) tama 33 |nomand ina cages Saun| asen| __aaaze| 17 fester seas 2 ‘mant| —Tanaet| ——sansss] 2930 . 3 fresno as an ues nuoses| suse | tase 52 in ta prot foo 80 aaa] —ss913] 14a 0) e-bay expres venus 28426 on er ag ce ye ld Fb 20101 205 iaa|— a aaa a ‘oa | as nan | ances 4 cor] oserptenot ate pero aaa murs | vom | ounny [sh i. [MRL TYRES LIMITED FORMERLY MALHOTRA RUBBERS LIMITED PART-O PRODUCT & SERVICES PROFITABILITY STATEMENT Year ended 31st March 2020 ‘Current Year Previous Year .o.] Product Group Code e cee Sales ‘cost ofSales_[ Margin Gales Costof Sales | Margin 7 aon aon 7a566,13,054 | _ 27509,38,805 | 1056,74,998 | 27579,67,812 | 26768,36,688 | @11,31,124 2 [aos 21,20,563 tae9.<3a] _25270[ _3a,s8az7[ 32,9483 1.43,744 3 1 otal Tasa7aeasT | 77s7e0e590 | 15026107 Derao6.239| 2es0ns1.373 | 612,74.868 | {Joie : Turnover of tube haz not been included inthe turnover of tyre,tube & flaps but shown separately as traded tube for the | geTRL TYRES LIMITED FORMERLY MALHOTRA RUBBERS LIMITED PART-D DETAILS OF PROFIT RECONCILIATION FOR THE FINANCIAL YEAR 2019-20, [siNo. [Particulars ‘Current Yes Previous Vi 1._[Profit or Loss as per Cost Accounting Records INR INR (al For the audited product(s\/service(s) 1089,26,128 812,74,568 (b) For the un-auaited product(st/servicels) 134,78214 38,76,195 2. (rai: incomes not considered in cost accounts (specify details) {al Gain on exchange fluctuation 342,853,208 501,756 {Interest income 31,83,679 26,75,610 [c) Bad debis/Sundry balances written Back 1,79,936 172.538 [) Rental income 220,000, 30,69,548 (€) Profit on sale of Fixed assets 14,13,332 63,14,861 Total 391,80,175 392,64,313 3. bess: Expenses not considered in cost accounts (specify details) {a)interest on Statutory Dues 732,080 60785 {b} Donation 125,00,000 720,50,000 (€ Prior period item 5 : (d) CSR Expenses 1a 5a 250 77,00356 {e) Stamp duty fess for nerease in Authorised Capital 8,260 4,50,000 (f) Registry Charges for Flat 17,700 rota 140,94,570 154,78,791 “Z_ |Add: Overvaluation of closing stock in financial accounts 22,48,777 16,97,985 cess: Undervaluation of closing stock in financial accounts Less: Overvaluation of opening stock in financial accounts 16,97,986 T6509 5. other adjustments, if any [Quentity adjustment] 6. [Profitor Loss as per Financial Accounts 1450,40,737, 1299,65,122, Oc QoMRL TYRES LIMITED FORMERLY MALHOTRA RUBBERS LIMITED PART-D Value Addition and Distribution of Earnings Year ended 31st March 2020 3. VALUE ADDITION AND DISTRIBUTION OF EARNINGS [S. No. [Particulars Current Year_| Previous Year INR INR, |Value Addition: Gross Sales 28875,96,445| _ 27551,15,680| 2, Less: Excise duty, ete. : : 3,|Net Sales 28875,96,445| _ 27551,15,680| 4,[Add: Export incentives 635,02,760| _743,53,355 5,|Add/Less: Adjustment in Finished Stocks 183,33,904| _561,66,147] 6, Less: Cost of bought out inputs (a) Cost of Materials Consumed 17052,95,443| _17426,95,502| (b) Process Materials / Chemicals : : (c) Consumption of Stores and Spares 572,92,434| __601,68,506| (a) Utilities (e.g. power and fuel) 1563,83,277| _1733,81,602 {(e} Others, ifany 3622,44,507| _3390,32,155| [Total Cost of Bought Out inputs 22812,15,661| _ 23152,77,765| 7.|Value Added 6882,17,448| _5703,57,417| '8.[Add: Income from any other sources 391,80,175| __592,64,313] 9,[add: Extra Ordinary Income : : 10,|Earnings available for distribution 7273,97,623| __ 6296,21,730| Distribution of Earnings to: T.|Employees as salaries and wages, retirement benefits, etc. 3803,09,152| _3154,30,259| 2,|Shareholders as dividend 89,91,599| 72,85,648| 3,[Company as retained funds 2128,12,470| _2004,33,146| 4.|Government as taxes (specify) 416,42,642| _290,59,158 5,[Others, if any (specify) 836,41,760| __774,13,519| 6,[Total distribution of earnings 7273,97,623| _6296,21,730)MRL TYRES LIMITED FORMERLY MALHOTRA RUBBERS LIMITED PART-D Financial Position And Ratio Analysis Year ended 31st March 2020 4, FINANCIAL POSITION AND RATIO ANALYSIS ‘S.No [Particulars [Units | Current Vear_| Previous Year ‘A_| Financial Position 1_|Share Capital RS. 717,91,030| __596,67,870| 2__|Reserves and Surplus RS. 8261,92,739| __ 6922,71,393| 3_[Long Term Borrowings RS, 3561,97,338| _2383,49,190| * 4_|fa) Gross Fixed Assets (excluding CWIP) RS. 18259,49,281| _ 14224,63,258| (b) Net Fixed Assets(excluding CWIP RS. 2,08,20,722) RS._| _12110,52,879| _9133,45,502| 5_ la) Current Assets RS. 9729,77,423| _ 8624,01,862| [b) Less: Current Liabilities RS. 8099,65,034] _6945,52,193| (c) Net Current Assets RS, 11630,12,390| _1678,49,669| 6_|Capital Employed RS, 12276,30,220| _ 10088,01,392 7_|Net Worth RS, 8979,83,768| __7519,39,263] IB. Financial Performance 1_[Value Added RS. 6882,17,448| __ 5703,57,417| 2__|Net Revenue from Operations of Company RS. | 28875,96,445| _27551,15,680| 3_ [Profit before Tax (PBT) RS. 1450,40,737| __ 1294,69,122| IC. Profitability Ratios [PBT to Capital Employed (83/A6) % 11.81% 12.83% 2_[PBT to Net Worth (B3/A7) % 16.15%| 17.22%| 3_[PBTto Value Added (83/81) %6 21.07% 22.70% ‘4_ [PBT to Net revenue from Operations (83/82) % 5.02%) 4.70% = D. Other Financial Ratios 1_[Debt-Equity Ratio Ratio 0.40] 032] 2 [eurrent assets to Current Liabilities Ratio 1.20| 1.24 3 [valued Added to Net Revenue from Operations % 23.83 20.70| IE. Working Capital Ratios 1_|Raw Materials Stock to Consumption Months 1.81 147) [Stores and Spares Stock to Consumption Months 3.36 4.84] Note.-1 Capital Employed means average of net fixed assets (excluding effect of revaluation of fixed assets) plus Non-current investments and net current assets existing at the beginning and close of the financial year. Note.-2 Net Worth is as defined under clause (57) of section 2 of the Companies Act, 2013. be| & _ saxey selinp jo 380 5] 24Oge UMOYS IUNOWE IV BION, SS00FT-URHH EON ‘peoy o'g.a ‘anuen Ayunuod| anyenxeyew ies | o00*02" Ff yoz" jpuss ssonag| 2worUIe2U8 yenxexew.ea | ooo'ez't |coo'ee't | o00'02"t oy) P29P 5 jreavoy) gozorzoidotoziarT7S20 | segue ered uewupsen zez-ou) ¢ yun pring satasnpul sndwiNo ann 'SSOOTT-UepT CROW ‘peoy 9°8'0 ‘anuad Aauniawo: ceuaponmenson \ecve [eee [ott “son 06 sogniso Supe | ates%2npota} sozorzaudotoziartssen ee eacmnacenre 9. aygeseda Seo un _priang seuasnpu saduno| ‘SEOOTT-UeID ENON oun ae i ‘peoy 9'9°9 ‘an1u29 Ayunwwe) song payonuosun |oco'ss | oeo's | s¥9 "N06 ayesasty yn | ates npoue| sozorzaLeoTOZIAETTSZA | secu sojg erejd uewypsen'zez-ou) aygesedu ee jun priaad sauasnpur sndwuAo| 20077 S008 unase3’.- fe i 7 : 904 Bums 5 s01300 aon paponcane sian] OOS% [005% oos'e 7 28110 12s] B8SLINGDIY cums eoapnds coos) 2 ueepew mwvrus saoa Tourer euekien eu7e ooszz | oos'ez J oos'zz : 9j Buns sso1vev10 somes] 1ScvdOuV 9 030s sieis3 yequn’e0z-ON'H| & fq panosdde 52480 euosy YSIUNAYS| saoa ‘PE0OT oos'zz |oos'ez | oos‘zz “ aay somiss| aeroovaniy yaa ‘esng wieud yor sepuedD 6a] Aq penosdde -s12100 evcuy seunirus| sooe ‘3z00t iq penosdte xian (SE | SROST | OnO'ST 7 9) Buns sy0198410 somes ogétNailv sujec’ uBeg getung 03 'c/s9] ueepen 220uin us| zones STOOTT-1u}20 AN s28EN 1s 07-8 anjenreyew.sies | o00'00've | o00'00' ‘o0'r ed 309 i yenrayewtes | o00'00'ze | o0o'o0'¥e | 000'00're pedwor! —euzegauog] — WETECNGIYY ae seminny ir ni aon oul (oro ‘aseuing aies)} aoyues/ionpord hued cipawope sea] _ewonlyniaunowy| —_s9jsue| fanuemp] _wonesuei. jo sm40N joammen parereu aun jo ssauppy 8 wen | ons SNOUDVSNVUL ALUVa GRIVTEN'S | 0z0z y>+EIN ISTE Papua 1eeA suoppesuess Aued Pae/Y csuuwn suzeanu vwOHTWW ATEBNUOS CGa,NNM SBHAL THMRL TvRES UTED FORMERLY MALHOTRA RUBBERS LIMAITED PART-D Reconslation of invectToxos ‘Year ended 31st March 2020 6.RECONCIUIATION OF INDIRECT TAXES (FOR THE COMPANY AS A WHOLE) s.No. Particulars Base Duty? ‘Goods & Service Tax ToxableValue/ | VAT, CST, cess, ‘Assosable Vale | Otherstate | cost |sosr/urcst| 16s Taxes et. if any, cess Bs. cs Bs ® Bs [Texas Baty 7 [Domestic a : : 7 2 [export é : 7 z 3 [Stok Tansfor (Nat) z 7 - 5 [Others ay : : 7 a 7 5 [Total Excise Duty (2104) = e ci - : 5 |WAr, CST, Cos te = = = 3 : z 7 [Other State Toxes, any 77560 = 7 2 = (Goods & Service Tox 3 outward Tarable Supplies (other than zero rated, Ni ated ana txempted) 10446 64,548, ~_ | 496,72,608 | 496,72,604 | 1300,06,234 7 3 [Outward Taxable Supplies (ero tes) 22028,69,499| : 7 30” [inward Supplies (able 1 Reverse Charge) 193,45,258. =| aonsas | aoi.335| 3038557 “_ [other Outwars supplies (i Rated, Exempted) 693,93,058, : z - 5 7 12 |Non- GST Outware supotes 2 : 13 [Fetal (@ t012), Haan a5 =| as7 7439 | 497, 70,539 | 1310,48,791 = “Li otal duties/ Taxes payable (5 6973). 33360,40,123| 23a576 | 497,74,539 | 497,74.539 | 1310,48,791, z Datos Taxes paid (by Uisation of input Tax Credit and Payment through Cash Ledger, as the case maybe ) [GST-Input Tax Credit Utes S_|cest/cenvar Tse 97 3365 a6 [scst/uTest aT Toa a7 iss “ava gO DTS | a52.70,389 | 1287 56053, ae fers 39 [Transitional Great 20 lore ifany. specify 21 [Total Input Tox credit Uiived (05 1020) > 2635772 | 401,9950| o7eae18 | 22_ [Payments tough Cash Ledger zaes7e| 136767] 15,7500] 12,7973, 23 [Total Duties/Taxes Paid (2122), 2:38,578| 457,745539 | 997,74530 |310,06,701| Difference between Taxes pad and Payable 14-73) = : 7 Z Ta [terest Penaly/ Fines paid = : 7 : Note 1. Assesabe Valu and Duties /Taxes Payable and Duties Taxes paid through utilization of ITC and cash ledger includes Depot Transfers 2.outward Taxable Supplies (zoo rated also includes export sale to Nepal in IN, +s 0utword Taxable Supplies (Other than zero rated il rated and exempted incuces an amount of Rs 48,00,523/-In the Taxable Value vinleh elses to supplies made to Merchant Exporters (being tested 3s deamed export and the GST charged 2s per notification no.40/2017 (Central Tax ate] anc 42/2017-intograted Tax rate) 98 applicable a AS Gk.Nybote (cost Accountant) (Managing Director) Mu0.10567 DIN No, 00515546 FRN NO, 100693, Place : New Delhi Place : New Delhi Date: 1412-2020 Date : 14-12-2020,2 | The Institute of Cost “4 Accountants of India es Bah (Statutory Body under an Act of Parliament) Unique Document Identificatio Home.aspx) Number (UDIN UDIN 2010567A1WIXJUS4FZ Generated Successfull! PREVIEW Unique Document identification Number (UDIN) __2010567A1WIXJU34FZ Member Details Ramawatar Sunar (10567) Document Type Audit Report Type of Certificate ‘Audit report of Cost Audit undor Ministry of Corporate Affairs Date of Signing of Document 14-12-2020 Financial Figures / Particulars 71791030: SHARE CAPITAL 826192739: RESERVE AND SURPLUS Document Description COST AUDIT REPORT YEAR ENDING 31-3-20 Status Active UU EEE UI EE ES EEEEREEEEER DISCLAIMER ‘This UDIN System has been developed by The Insitute of Cost Accountants of India to facilitate its members for verification and ceritfcation the documents and for securing documents and authenticity thereof by Regulators. However, The Institute assumes no responsibilty of verification and certification of document(s) carried aut by the Members and the concerned member(s) shall alone be responsible therefor © 2020 - The lastitute of Cost Acountants of India