AUDIT REPORT & STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 318" MARCH 2015 ALPHAGREP SECURITIES PRIVATE LIMITED (Formerly known as WAY2VWEALTH ILLUMINATI SECURITIES PVT LTD) Ground Floor, Frontline Grandeur, No.14, Walton Road, Bangalore ~ 560 001 SUNDARESHA & ASSOCIATES Chartered Accountants, Professional Court, | Floor, 2T7I7, 15" Cross, 3° Block, Jayanagar, BANGALORE ~ 560 011SUNDARESHA & ASSOCIATES Phone : Off : 26630644 CHARTERED ACCOUNTANTS Fax: 28807186 "Professional Cour’, 4st Floor No. 27/7, 15th Cross, 3rd Block Jayanagar, Bangalore - 560011 e-mail : sundareshandeo@gmail.com Independent Auditor's Report To the Members of Alphagrep Securities Private Limited (formerly Way2Wealth Illuminati Securities Private Limited) Report on the Financial Statements We have audited the accompanying financial statements of Alphagrep Securities Private Limited (‘the Company’) (formerly Way2Wealth Illuminati Securities Private Limited), which comprise the Balance Sheet as at 31 March 2015, the Statement of profit and loss and the cash flow statement for the year then ended, and summary of significant accounting policies and other explanatory information, Management's Responsibility for the Financial Statements ‘The Company's Board of Directors is responsibie for the matters stated in Section 134(5) of the Companies Act, 2013 (‘the Act”) with respect to the preparation and presentation of these 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 responsibilty also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent, and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. Ausitor’s Responsibility ‘Ourresponsibilty is to express an opinion on these financial statements based on our audit. ‘We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there under.IP] SUNDARESHA & ASSOCIATES CHARTERED ACCOUNTANTS, Comtinustion Sheet -2- 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 te obtain reasonable assurance about whether the financial statements are free from material misstatement. ‘An audit involves performing procedures to obtain audit evidence about the amounts and the isclosures in the financial statements. 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. 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 Whether the Company has in place an adequate internal financial controls system over financial reporting and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company's Directors, as well as evaluating the overall presentation of the financial statements We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the financial statements. Opinion {nour opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Act in the manner So required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at 31 March 2015 and its profit and its cash flows for the year ended on that date. Report on Other Legal and Regulatory Requirements 1. As required by the Companies (Auditor's Report) Order, 2015 (‘the Order’) 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 statement on the matters specified in the paragraph 3 and 4 of the Order, to the extent applicable,Px] SUNDARESHA & ASSOCIATES CHARTERED ACCOUNTANTS Continuation Sheet 2. AS required by Section 143 (3) of the Act, we report that: 4) 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 law have been kept by the Company so far as it appears from our examination of those books; ©) the balance sheet, the statement of profit and loss and the cash flow statement dealt with by this Report are in agreement with the books of account; 4) in our opinion, the aforesaid 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 the written representations received from the directors as on 31 March 2015 taken on record by the Board of Directors, none of the directors is disqualified as on 31 March 2015 from being appointed as a director in terms of Section 164 (2) of the Act; and ) with respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us: i, the Company does not have any pending litigations which would impact its financial Position; ji, the Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses; and ili, there were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company. Place: Bangalore Membership No. 216133 Date : 09.07.2015 PartnerHX SUNDARESHA & ASSOCIATES CHARTERED ACCOUNTANTS Continuation Sheet -4- Annexure to the Independent Auditor's Report The Annexure referred to in our Independent Auditor's Report to the members of the ‘Company on the financial statements for the year ended 31 March 2015, we report that: i. a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets. b) According to the information and explanation given to us, the fixed assets have been physically verified by the management in a phased and periodical manner. In our opinion, this periodicity of physical verification is reasonable having regard to the size of the Company and the nature of its assets. As explained to us, no discrepancies are noted on such verification. ii, The Company is a service company. Accordingly, it does not hold any physical inventories. Thus, paragraph (ii) of the Order is not applicable. ii, The Company has not granted loans to companies, firms and other parties covered in the register maintained under section 189 of the Companies Act, 2013 (‘the Act’). Thus, paragraph 3(l) of the Order is not applicable. iv. In our opinion and according to the information and explanations given to us, there is an adequate intemal control system commensurate with the size of the Company and the nature of its business with regard to purchase of fixed assets and sale of services, The activities of the Company do not involve purchase of inventory and the sale of goods. We have not observed any major weakness in the internal control system during the course of the audit. v. The Company has not accepted any deposits from the public. vi. The Central Government has not prescribed the maintenance of cost records under section 148(1) of the Act, for any of the services rendered by the Company. vii, a} According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts deducted/ accrued in the books of account in respect of undisputed statutory dues including provident fund, income tax and other material statutory dues have been regularly deposited during the year by the Company with the appropriate authorities, except for advance income tax instalments. However, same has been paid subsequently. As explained to us, the Company did not have any dues on account of employees’ state insurance, sales tax, value added tax, wealth tax, d a and duty of excise. SOvill xi xii. Place: Bangalore & SUNDARESHA & ASSOCIATES CHARTERED ACCOUNTANTS Continuation Sheet According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, income tax and other material statutory dues were in arrears as at 31 March 2015 for @ period of more than six manths from the date they became payable. 'b) according to the information and explanations given to us, there are no material dues of provident fund, income tax and other material statutory dues which have not been deposited with the appropriate authorities on account of any dispute. ©) according to the information and explanations given to us no amounts were required {to be transferred to the investor education and protection fund in accordance with the relevant provisions of the Companies Act, 1956 (1 of 1956) and rules there under. The Company does not have any accumulated losses at the end of the financial year and has not incurred cash losses in the financial year and in the immediately preceding financial year. . The Company did not have any dues to financial institutions and banks. The Company has not issued any debentures during the year. ‘According to the information and explanations given to us, the Company has not given guarantees for loans taken by others from barks / financial institutions. ‘The Company has not obtained any term loans during the year. ‘According to the information and explanations given to us and on the basis of checks cartied out in accordance with generally accepted auditing procedure, no fraud on or by the Company has been noticed or reported during the course of our audit. For SUNDARESHA & ASSOCIATES, Ghastered Accountants ation No.008012S ASEEPA CHANDRA C) Membership No. 216133 Date : 09.07.2015 PartnerALPHAGREP SECURITIES PRIVATE LIMITED. (Formerly known as Way2Wealth Illuminati Securities Private Limited) CIN : US8010KA2002PTCO23962 Ground floor, Frontline Grandeur, No.14, Walton Road, Bangalore -560 001 ‘ema: eompianca@way2wealt.com, vw alpa-grep.com, Phone No. -080 4387 8888, Fax No.f3676990 BALANCE SHEET AS AT 31ST MARCH 2015 Amount in Rupees ‘As at As at Particulars Note No. 91 March 2015 _31 March 2014 EQUITY AND LIABILITIES [Shareholders funds ‘Share capital 2 1.25,00,000 —_1,25,00,000 Reserves and surplus 3 9,14,48,899 71,80,440 10,39,46.899 _1,96,80,440 Non-current libilities Deferred tax liabilities (net) 4 26,81,304 - Long-term provisions 6 30,43,008_ 7,76,923 (§7,24,312 7,768,923, Current ‘Short-term borrowings: 6 54,257, 354,956 ther current liabilities: 7 4,13,72,987, 35,12,767 ‘Short-term provisions 8 2,20,20,408. 61,407 6,34,47,652 39,29,130 SB |assets |Non-current assets Fixed assets 9 - Tangible assets 2,09,20,851 89,68,381 - Intangible assets 12,49,227 17,58,600 Deferred tax assets (net) 4 : 5,650 Long-term loans and advances 10 4,39,788 28,59,626 2,23,09,866 1,36,90,267 Current assets Current investments, ai 46,38,849 15,599 Trade receivables 12 - 29,156 Cash and cash equivalents 13 24,44,767 19,65,599 ‘Short-term loans and advances: 14 39,561 5,800 Other current assets: 15 14,36,85,820 87,80,082 15,08, 1,07,96,236 Significant accounting policies. 1 [Other notes 20 to 34 ‘The accompanying notes are an integral part of the financial statements As per our report of even date attached NDARESHA & ASSOCIATES for and on behalf of the Board of Directors of untants Alphagrep Securities Private Limited tion No.0080128 {pa Chandra C ‘Monit Mutreja B tn ‘Managing Director Director Membership No.216133 DIN: 02686018 DIN: 01901681 Bangalore, india Bangalore, India Date: 09.07.2015 Date: 09.07.2015ALPHAGREP SECURITIES PRIVATE LIMITED (Formerly known as Way2Wealth Illuminati Securities Private Limited) CIN : U66010KA2002PTCO29982 Ground floor, Frontline Grandeur, No.14, Walton Road, Bangalore - 560 001 email : compliance @way2wealth.com, ww.alpha-grep.com, Phone No. - 080 4367 6869, Fax No 43676999 CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MAR¢ 2015 Amount in Rupees ‘Changes in assets and liabillies Net cash generated! (used) by operating activities Cash flows from investing activites Acquisiton of fixed assets Dividend income Interest income Net cash generated/ (used) in investing activities Cash flows from financing activites |Cash and cash equivalents at the end of year 12,78,80,521 ‘Year ended Year ended Particulars 31 March 2015 34 March 2014 Gash flows from operating acluites Net profit before tax 12.63,91,747 42,77,066 Adjstments for Interest on income tax refund - (48,796)| Interest income (3,97,150) - Interest expanses 503,732 - Dividend (29,97,935) 629) Depreciation and amortisation expenses 43,80,127 21,1481 o5a2, 142 Current investment (46,23,250) as0)| Trade receivables (6,51,32,355) - Loans, advances and other assets (6,97,77,988) (43,14,933) Trade payables, other Tables and provisions 3,98,66,793 1,22,85,809) ‘Cash generated from operating activities before tax -2,80,13,721 (1,02,59,490) ‘Taxes on income (paidyireceieved (1,45,38,774) (2,69,764) 43477 947 (1,06,29,254)| (1,60,93,165) (37,09,113) 599 i) 24,44 TET Short-term borrowings (net) (3,00,699) 3,64,956 Proceeds from issue of shares - 1,50,00,000 INet cash generated! (used) by financing activities, 00,689) 1.53,54,956 | |Net increase/ (decrease) in cash and cash equivalents A,79,168 44.17,188 |Cash and cash equivalents at the beginning of year 19,65,599 848,411 719,65,599 As per our report of even date attached Paviier Membership No.216133 Bangalore, India Date: 09.07.2015 Wo é Mohit ey Managing Director DIN: 02666018 Bangalore, India Date: 09,07.2015 for and on behalf of the Board of Directors of Alphagrep Securities Private Limited Director DIN: 01901684ALPHAGREP SECURITIES PRIVATE LIMITED (Formerly known as Way2Wealth Illuminati Securities Private Limited) 1.08 Fixed assets Fixed assets shall be stated at the cost of acquisition inclusive of freight, duties, levies and any irectly attributable cost of bringing the asset to their working condition for intended use at site, less accumulated depreciation, Capital work-in-progress comprises the cost of fixed assets that are not yet ready for their intended use at the reporting date. 1.07 Impairment of Assets Assets identified as impaired are carried at net realizable value. An Asset is treated as impaired when the carrying cost of the asset is exceeding the recoverable value. An impairment loss is, charged to profit and loss account in the year in which an asset Is identified as impaired. The impairment loss recognized in prior accounting periods is reversed if there has been a change in estimate of recoverable amount 1,08 Depreciation In respect of fixed assets acquired on or after 01.04.2014 (effective date of Schedule Il of Companies Act, 2013), depreciation is charged on a straight line method so as to write off the depreciable amount of the assets over the useful life as mentioned in the following table. In respect of assets acquired prior to 01.04.2014, the carrying amount as on 01.04.2014 is depreciated over the remaining useful life. in respect of assets where the remaining useful life of an asset is nil as on 01.04.2014, the same (after retaining the residual value) is recognised in the opening balance of retained earnings. Leasehold improvements are depreciated over initial lease period. In respect of intangible assets amortisation is charged on straight line / written down value basis so 2s to write off the cost of the asset over its useful life as mentioned in the following table Depreciation / amortisation is charged on proportionate basis for all assets put to use during the reporting period or decapitalised during the period. Assets of value Rs. 5, 000/ or less are depreciated @ 100% in the year of purchase. Useful life in years as SI.No| Particulars ‘Company's | Compal policy Act, 2013 T [Computers ~ Servers 6 6 - End user devices a 3 2 |Fumiture 10 10 3. |Office equipments 5 5 4 |sotware 5.86 NA 1.09 Inv ts ‘The Investments acquired with intention of holdings for more than one year shall be considered as Non Current investments. Other investments are considered as Current Investments, Non Current Investments are carried at cost less permanent diminution in value, if any. Current Investments are carried at lower of cost or net realisable value, SEBO a\ MwA QeALPHAGREP SECURITIES PRIVATE LIMITED (Formerly known as Way2Weallh luminati Securities Private Limited) 1.10 Employee benefits a) Short term employee benefits All employee benefils payable wholy within twelve months of rendering the service are classified as short term employee benefits and they are recognised in the period in which the employee renders the related service. ‘The company recognises the undiscounted amount of short term employee benefits expacted to be paid in exchange for services rendered as a liability after deducting any amount already paid. b) Defined contribution plans Contribution to provident fund are deposited with the appropriate authorities and charged to the profit and loss account on accrual basis, during the period in which the employee renders the related service. The company has no further obligations under the provident fund plan beyond its monthly contributions. ©) Defined benefit plans ‘The Company has made provision for gratuity in accordance with actuarial valuation under projected Unit credit method. The company encourage the employees to avail the leave at credit before end of the accounting year, 1.11 Foreign Currency Transactions a) In the case of expenditure or income in foreign currency, rate of exchange prevailing on the dates of respective transactions shall be adopted for accounting such expenditure or income. b) Monetary items denominated in Foreign Currency at the end of the year shall be transiated at the ‘exchange rate prevailing on that date. ) Non Monetary Foreign Currenoy items shall be carried at cost. 4) Exchange difference arising on the settlement of monetary items or on reporting an enterprise's monetary items at rates different form those at which they were initially recorded during the period, or reported in previous financial statements, should be recognised as income or as expenses in the period in which they arise, 1.12 Leases A lease {s classified as an operating lease, if the risk and rewards incidental to ownership are not substantially transferred. Lease rentals are charged to the statement of profit and toss on accrual basis. 4.13 Taxes on Income a) Tax provision consists of the current tax and the deferred tax, and also any other taxes levied from time to time. ») Current tax is the tax, which is determined (o be payable on Income as per Provisions of Income Tax Act, 1961. ) The deferred tax as enumerated in Accounting Standard 22 - Accounting for taxes on income, is the tax on timing difference between the taxable income and the accounting income that originates in ‘one year and capable of reversal in the subsequent years. d) The deferred tax asset is recognised and carried forward only to the extent that there is virtualreasonable certainty that the asset will be realised in the future. MAALPHAGREP SECURITIES PRIVATE LIMITED (Formerly known as Way2Wealth lluminati Securities Private Limited) 41.14 Provisions and Contingencies ‘The Company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of resources and a reliable estimate can be made of the amount of the ‘obligation, A disclosure for @ contingent liability shall be made when there is a possible obligation or present obligation towards which the outflow of resources is not probable, or the amount of obligation cannot be measured with sufficient reliablity. When there is a possible ot present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made, 1.18 Eaming per share Basic eaming per share are calculated by dividing net profit or loss for the year period attributable to ‘equity share holders by the weighted average number of equity shares outstanding during the period For the purposes of diluted earnings per share, the net profit or loss for the year/ period attributable to equity share holders and the weighted average number of shares outstanding during the period and adjusted for the effects of all dlutive potential equity shares.ALPHAGREP SECURITIES PRIVATE LIMITED (Formerly known 2s Way2Wealth Illuminati Securities Private Limited) Notes to financial statements 2 Share capital Particulars As at 31 March 2015. As at 31 March 2014 Nos Amount (Rs) Nos Amount (Rs) Authorised | Equity Shares of Rs.10 each 15,00,000__1,50,00,000. 15,00,000_ 1,50,00,000_ @) (b) {e) 45,00,000__1,50,00,000__15,00,000_4,50,00,000 Issued, subscribed and fully paid up Equity Shares of Rs.10 each 12,50,000 __1,25,00,000 __12,50,000_1.25.00,000 12,50,000_1,25,00,000__12,50,000_1,25,00,000 ‘The Company has only one class of equity shares having par value of Rs.10 per share. Each holder of equity shares is entitled to one vote per share. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. However interim dividend can be declared by the Board of Directors subject to the provisions of the Companies Act 2013, and relevant rules and regulations thereunder. In the event of liquidation of the company, the ‘equity share holders will be entitled to receive remaining assets of the company, after distibution of all preferential amounts, if any. The distrioution will be in propotion to the number of equity shares held by the equity shareholders. Reconciliation of the number of equity and preference shares outstanding at the beginning and at the end of the reporting period is as given below: Equity shares: As at 31 Match 2015 ‘As at 31 March 2014 Particulars No. ofshares Amount (Rs) No. ofshares Amount (Rs) Balance atthe beginning ofthe year __12,50,000 1,250,000 §,00,000 —_50,00,000 ‘Add: Changes during the year - . 750,000 __75,00,000 Balance at the end of the year 12,60,000 —1,25,00,000 12,50,000 1,26,00,000 Particulars of share holders holding more than 5% shares of a class of shares: ‘As at 31 March 2015 ‘As at 31 March 2014 Name of the share holder No.of shares %holding No. ofshares _ % holding Equity Shares of Rs. 10 each ‘Way2Wealth Securities Private 6,37,498 St 6,37,498 at Limited (Holding Company) Numinati Software Private Limited 612,500 49 612,500 49 The Company has not issued any bonus shares, bought back shares or issued shares for ‘consideration other than cash for a period of 5 years immediately preceeding the balance sheet date.ALPHAGREP SECURITIES PRIVATE LIMITED (Formerly known as Way2Wealth illuminati Securities Private Limited) 3 Reserves and surplus ‘Amount in Rupees Particulars Securities premium Balance at the beginning of the year Add: Securities premium on issue of shares during the year Balance at the end of the year ‘Surplus (Balance in the statement of profit and loss) ‘AS at ‘As at 34 March 2015 31 March 2014 75,00,000 - 75,00,000 75,00,000 75,00,000, Balance at the beginning of the year (319,560) —_(59,24,656) ‘Add: Profit (Loss) for the year 8,45,34,400 56,05,096 Less: Opening depreciation adjustment 267,941 - (Refer Note No.9 ) Balance at the end of the year 8,39,46,899 (3,19,560) 9,14,46,899 77,80,440 4. Deferred tax lebilities (net) Particulars Deferred tax liability ‘As at As at 31 March 2015 _31 March 2014 Fixed assets 3751525 21,91,153 37,51,525 _21,91,153 Deferred tax asset Gratuity (10,70,221) (2,59,044) Unabsorted losses - 19,37-759) {10,70,221) (21,968,803) Deferred tax labilies / (Asset) 251,304 (Ess) 5 Lona-term ns 5 ‘AS at ‘AS al Particulars 34 March 2015 31 March 2014 Provision for employee benefits Gratuity (refer note 22) 30,43,008 7,76,928 30,43,008 716828ALPHAGREP SECURITIES PRIVATE LIMITED (Formerly known as Way2Wealth Illuminati Securities Private Limited) 6 Short-term borrowings “AS at ‘Asat Particulars 31. March 2015 _31 March 2014 Unsecured Loans repayable on demand From related parties 54,257 3,84,956 ‘54,257 354,955 Loan from related parties is payable on demand. Unsecured loans borrowed during the earlier years were carrying Nil rate of interest as per the térms and conditions agreed at the time of borrowing. Rate of interest on unsecured loan borrowed during the year is 12.6% p.a. (P.Y.: Nill 7 Olher current liabilities As at Feat Perveulars 31March 2015 34 March 2014 Interest accrued but not due 5,08,732 - Statutory Dues 1909447 11,12,928 Employee dues 3,33,86.775 4,53,228 Unrealised profit on open future position 15.74,744 618.175 Creditors for expenses 486,711 13.2359 Creditors for capital goods 38,43,578 4850 TiS 72087 35 12,767 ‘The Ministry of Micro, Small and Medium Enterprises has issued an office memorandum dated 26 August 2008 which recommends that the Micro and Small Enterprises should mention in their correspondence with its customers the Entrepreneurs Memorandum Number as allocated after filing of the Memorandum in accordance with the ‘Micro, Small and Medium Enterprises Development Act, 2006’ (‘the Act}, The Group has no dues to Micro and Smalt Enterprises as at 31 March 2015 and 31 March 2014 in the financial statements based on information received and available with the Company. 8 Short-term provisions ‘AS at ‘Asat Particulars: 31.March 2015 31 March 2014 Provision for employee benefits - Gratuity (refer note 22) 4,05,827 81,407 Provision for income tax (net of advance tax) 2,19,14,784 - 2,20,20,408 61407 8 mim2 paureja1jo eoueeg Buuedo aun ul pestuBooei st (eniea lenpisei ey) Guluieyos Joye) juNoWe BuUeD “poued auf Jo BulvuiBiag Bu) Te Iu Sem ay) Injasn GulLpeUIO) ay a:2ym SIaSsE Jo jaadsas uy “sjosse au) Gurerperdep 20} ¢1.02 fav Seiveduiog au) yo | aiMpauS JepuN payioads Seni IyBsN peIdopE Sey KUEELICD BU HLOZ HO'LO J :210N yee Zo} | ese ce ee ~ Tear trt2 [06 ORL [ele Ley | et eo Le 982'80°60T TEAK SNOWAld WasrzZoT |euTOL tee | sar Ob'se Weuse qevorery [seeeeee [rrsorzoe |soreeos) | 62e'l'orT Taeyreior 009'SS'L1 zeeey zh e2208'eb * ELE 10'S oor'ez'el | a00'0e re =~ 000'0E FE. (@) eet ‘0039S 2 Leeeveh ‘eLLOR et = LE LOS OoreveL | OOT'OE TE - ‘000'0E FE aremyos: sresse poxy ove rae'eo'6e rapoceoe | eeTEs ES |THE LIe weleee | aeeel'se |rrsorsZ 2 |soresosy [6LEZa eT (y) 1e10L ae ae 2a = wae ams aaa woudnbe eau gne'zs'se zeo'Le'z0'2 | Lg9'rd'so | bee L0's orz'e0'ee | 966'26'rz | 699'SL'a9'z | LeE'09'Z5'L | ZOE'ss'OL'L ‘sysyndwod 960'20'F eLoLe's ‘rhe - sue'es 602'02 eSz'01'2 oge'Ze'2 298'%z'b ‘s6umiy pue eumyjwins sueese pony oie am, [eevee | swccvoen | watoum | seaton | vice |S. | autiiny | racy weey leisy | veresy | usunsnipy | 20) oG:eyo |iudy Liesy | “oy! suoupoy | SY vonduosea. 3SOR TN uojeperdep payemnumaay_ OI S509, TeoTTTU NNW SOY 6 {pour oyenug saqune9s neuunnl wieennzhena se wnoUY ADIOS) LWT SUWAlud S8lLINDIS A3HOVHETYALPHAGREP SECURITIES PRIVATE LIMITED (Formerly known as Way2Wealth Illuminati Securities Private Limited) 10 " 12 8 Long term loans and agvances ‘Amount in Rupees Particulars As at As at 34 March 2015 _31 March 2014 (Unsecured, Considered good) ‘Advance tax (net of provision for tax) : 801,754 Balances with government authorities 1,39,788 1,99,788 MAT credit entitlement - 19,18,084 139,788, 28,59,626 eee 28 59.825 Current investment & As at Ae at Particulars 31. March 2015 31 March 2014 ‘Non rade Investments Quoted investments Investments in Equity Instruments 45,84,953 - Investments in Mutual Fund 63,896 18,598 ERD 755 G8 5 ‘Aggregate value of quoted investments 46,38,849 18,590 Market value of quoted investments 51,48,382 16,599 Trade recievables Particulare As at AS al 31 March 2018 31 March 2014 (Unsecured, Considered good) Recievables outstanding for a period of exceeding six months - 29,156 Others : . = 29,156 (Cash and cash equivalents Asat As at Perticulars 31. March 2016 $1 March 2014 Cash on hand 6,33,248 19,382 Balances with banks in current account 4ati4ig 1946.27 24,44,767 19,65,599 10 mmALPHAGREP SECURITIES PRIVATE LIMITED (Formerly known as Way2Wealth Illuminati Securities Private Limited) 14 — Shortterm loans and advances ‘Asat Asat Particulars, 34 March 2015 _31 March 2014 (Unsecured, considered good) Employee advances 39,561 : Others : 5,800 35,561 5800, 15 Other current assets Particulars ‘Asat “As at ‘31 March 2015 _34 March 2014 (Unsecured, considered good) Balances with security brokers * 14,34,02,344 86,95,672 Prepaid expenses 2,83,476 84,410 14,36 85 820. 87,860,082 * Relates to amount receivable from related parties. mMALPHAGREP SECURITIES PRIVATE LIMITED (Formerly known as Way2Wealth Iluminati Securities Private Limited) 16 7 18 Revenue from operations Amount in Rupees 5 Year ended Year ended Particulars 34 March 2015 31 March 2014 Trading income - Securities 60,08,52,483 25,10,10,387 Share from jointly controled operations * 6.51.61,511 - Consultancy Charges : 1,79,818 66,57,13,904 __ 25,11,80,202 * Refer Note No.25, Other income 5 Year ended Year ended Particulars 34.March 2015 34 March 2014 Interest income 397,150 48,796 Dividend income 29,97,935 599 33,95,088 295 Employee benefits expense Particulars Yearended Year ended 31March 2015 31 March 2014 Salaries, wages and bonus 13,05,65,517 8,02,33,776 Contribution to provident fund and other fund 25,53,141 15,96,325 Gratuity 23,10,305 3,18,664 Staff welfare . 6,40,180 2,80,460 73,60,69,143 ___8,24,29,225 12ALPHAGREP SECURITIES PRIVATE LIMITED (Formerly known as Way2Wealth illuminati Securities Private Limited) 19 Other expenses Particulars Yearended Year ended 31.March 2015 31 March 2014 Rent* 3,63,828 1,68,000 Insurance 4,27,928 34,725 Comunication Expenses 78,526 2,02,902 Professional charges 577,269 © -31,54612 ‘Auditor remuneration -Statutory audit fees 4,00,000 41,00,000 “Tax audit fees 25,000 25,000 Reimbursement of expenses (including service tax) 15,450 15,450 Other exchange charges 9,73,70,631 —_5,58,24,883 Repairs & Maintanance 94,074 67,722 Rates and taxes 1,49,136 1,06,234 Provision for loss on open future position 6,78,352 : Recruitment charges 49,43,203 40,790,240 Travelling and conveyance 58,15,941 19,64,935 Miscellaneous expenses 4,60,606 344,973 11,07,99,944 _6,60,79,676 Leases Cancellable operating lease The Company has taken office premises on lease under cancellable operating lease agreement. Amount debited to Statement of profit and loss during the year is Rs.3,63,828/- (PY Rs.1,68,000/-) 1320 24 22 ALPHAGREP SECURITIES PRIVATE LIMITED (Formerly known as Way2Wealth Illuminati Securities Private Limited) Commitments and contingent liabilities: Amount in Rupees. Particulars 3t wach 2018 3t ach 2014 Contingent tabiltes ‘Claims against the Company, not acknowledged as debt Claims against the Company in respect of dues under statutes Bank guarantees Guarantees given for loans taken by other bodies corporate Commitments Capital commitment in respect of fixed assets 4,55,000 : 4,55,000 = Additional informa , Year ended Yearended Perticuiars 31Mar2015__ 31 Mar 2044 a) Value of imports (C.F basis) b) Expentiture in foreign currency Traveling Expenses 211,203 - ¢) Eamings in foreign currency Gratuity Pian The following table sets out the status of the funded gratuity plan as required under revised AS 15 “Employee benefits: Particulars ‘31 March 2015 _ 31 March 2014 jected bent ation ‘Obligations at the beginning of the year 8,38,330 480,427 Service cost 9,83,500 3,786,045, Interest cost 65,977 43,815 Benefits settled - ~ Actuarial (gainyoss 12,60,828 (61,957) Past service cost - - Obligations at the end of the yeer 31,48 635 8,38,330 Chat assets Plans assets at the beginning of the year, at fair value - - Expected return on pian assets - - ‘Actuarial (loss)/gain : Contributions Benefits settled : Plans assets at year end, at fair value Liability recognised in the balance sheet 31,48,635 8,38,330 = Current 4,085,627 61,407 = Non-current 30,43,008 7,76,923 4 Mma23 24 ALPHAGREP SECURITIES PRIVATE LIMITED (Formerly known as Way2Wealth Illuminati Securities Private Limited) Reconciliation of present value of obligation and fair value of plan assets Amount in Rupees Particulars ‘31 March 2015 31 March 2014 Fair value of plan assets at the end of the year - - Present value of defined benefit obligation at the end of the year 31,48,636 8,38,330 Liability recognised in the balance sheet 31,48,635 8,38,330 Particulars, 31. March 2015 31 Mafch 2014 Gratuity cost for the year Service cost 9,83,500 376,045, Interest cost 65,977 43,815, ‘Expected retum on plan assets - - ‘Actuarial loss/(gain) 12,60,828 (81,957) ‘Allocation for group companies : (99,239) Net gratuity cost 23,10, 305 3,168,664 Assumptions Retirement age 55 years 55 years Interest rate 7.87% pa. 9.12% pa. Expected rate of return on plan assets: NA NA Salary inerease 8% pa S%pa Attrition rate 5% pa. 5% pa. Mortality table Indian assured indian assured lives (2006- _lives (2008- 2008) Ultimate 2008) Utimate Company has made provision for gratully in accordance with actuarial valuation under projected unit credit method. ‘Segment information ‘The Company is into only one primary segment being stock trading and the company is operating only in India. Thus, there are no reportable segments, primary or secondary, as defined in Accounting Standard 17 on Segment Reporting Rel i A. Enterprises where control exists Ultimate Holding Company Mis. Coffeeday Enterprises Limited (previously known as Coffeeday Resorts Private Limited) Intermediate Holding Company Tanglin Developments Limited Holding Company Wis Way2Wealth Securities Private Limited B. Enterprises under common control with whom transactions have taken place: Mis. Way2Wealth Commodities Private Limited Mis Way2Wealth Brokers Private Limited 15ALPHAGREP SECURITIES PRIVATE LIMITED (Formerly known 2s Way2Wealth Illuminati Securities Private Limited) ©. Key management personnel Particulars ‘31 March 2015 31 March 2014 Mr, Mohit Mutreja Managing Director Managing Director Mr. B.G. Srinath Director Director Me. Parshant Mittal Director Director Mr. Gentil P Augustine Director Director Details of Transactions with Key managerial persons during the year Particulars 3 March 2015 31 March 2074 Managerial remuneration paid Mohit Mutreja 46,22,984 38,34,655 Parshant Mittal 38,30,117 71,38,335 The above remuneration excludes gratuity which cannot be separately ideniified from the composite amount advised by the actuary. D. The following is a summary of related party transactions: Particulars i March 2076 31 March 2014 Capital transactions Loan received during the year Mis Way2Wealth Securities Private 19,31,88,530 9,62,90,950 Lean repaid during the year Mis Way2Wealth Securities Private Limited 19,38,50,000 —9,32,00,000 Revenue transactions Reimbursement of expenses paid Mis Way2Wealth Securities Private Limited 360,770 4,94,360 Reimbursement of expenses received Mis Way2Wealth Securities Private Limited = 1,39,10,168 Brokerage paid Wis Way2Wealth Brokers Private Limited 3,00,000 3,80,463 Mis Way2Wealth Commodities Private Limited 1,65,000 - Interest expenses Mis Way2Wealth Securities Private Limited 503,732 - The following is a summary of balances receivable from and payable to related parties: Partioutars ‘i March 2015 _ 31 March 2014 Balances with other related parties - (Receivable) / Payable: Mis. Way2Wealth Brokers Private Limited (7,54,47,647) __(70,67,788) Mis.Way2Wealth Commodities Private Limited (6,79,54,697) —_(16,27,884) Mis Way2Wealth Securities Private Limited 557,989 354,956 ‘The Company has an understanding with Ms.\Way2Weslth Securities Private Limited, wherein the expenditure incurred for the company are reimbursed, and the same is not prima facie prejudicial to the interest of the company. 50RD 4 he) 18 eS my 25 nee 5 ¢25 ar 28 ALPHAGREP SECURITIES PRIVATE LIMITED (Formerly known as Way2Wealth illuminati Securities Private Limited) Jointly Controlled Operations: During the year, the Company has entered a Memorandum of Understanding for a Jointly Controlled Operations for sharing of income with Way2Wealth Commodites Private Limited. In accordance with the terms of memorandum, the income and losses of the jointly controlled operations shall be shared between the Company and Way2Wealth Commadites Private Limited. Un-hedged foreign currency expasure Rs. Nil (P-Y. Rs. Nil) Open interest position in equ lures and currency futures: a) Open interest in equity index! stock futures: Parliculars ‘Asal Si March 2015 ‘As at 31 March 2014 No. of Contracts No. of Units No. of Contracts No. of Units Long Position 230 2,99,100 : - Short Position 225 2,382,850 - b) Open interest in commodity futures: Particulars ‘As at oi March 2015 ‘Ag at 3i March 2014 No. of Contracts No. of Units No, of Contracts No. of Units Long Pesition 45,688 66,100 4,750 4,750 Short Pasition 6,768 8,550 20,115 26,050 ©) Open interest in currency futures: Particulars ‘As at 31 March 2015 AS at 31 March 2014 No. of Contracts No, of Units No. of Contracts No. of Units Long Position 389 389,000 - : Short Position 119 1,419,000 - : Computation of esmings per share is as follows: Year en Year ended Particulars st March 2015 _31 Maren 2014 Weighted average number oF shares considered (er basic earnings 12,60,000 5.02055 per share Weighted average number of shares considered for diluted earnings _—_12,60,000 5,02,055 per share : inks, ins. Net profit her tax attributable to equity shereholders 8.45,94400 56,05,096, Basic earningsi(loss) per share e783 11.18 Diluted earningsKioss) per share 67.63 11.46 Nominal value per equity share 10 10 17 mnALPHAGREP SECURITIES PRIVATE LIMITED (Formeriy known as Way2Wealth Illuminati Securities Private Limited) 29 Confirmation of receivables and payables balances have not been received by the Company. Hence, reliance is placed on the balances as per books. In the opinion of the Management, the amounts are realisable/ payable in the ordinary course of business. The company is exempted from applicability of section 135 of the Companies Act, 2013 due to insufficiency in the profit during previous financial years as prescribed in the provisions of the Act, read with the Companies (Corporate Social Responsibility Policy} Rules, 2014 31 Previous year comparatives have been regrouped and reclassified, wherever necessary to conform to the current year classificalion/disclosure. ‘AS per our report of even date attached IDARESHA & ASSOCIATES Guepmeepa Chandra C Partner Membership No.216133 Bangalore, India Date: 09.07.2015 for and on behalf of the Board of Directors of Alphagrep Securities Private Lirtited (nA - Mohit Mutreja_ yath ‘Managing Director Director DIN: 02686018 DIN: 01901681 Bangalore, india Date: 09,07.2015