XBRL Document in Respect Consolidated Financial Statement - 2017-18

CREMICA FOOD INDUSTRIES LIMITED
Consolidated Financial Statements for period 01/04/2017 to 31/03/2018
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Corporate identity number U15400PB2013PLC037640
Permanent account number of entity AAFCC3433K
THEING ROAD PHILLAUR
Address of registered office of company Jalandhar , PUNJAB , INDIA
- 144410
Commercial and
Type of industry Industrial
Whether company is listed company No
Date of start of reporting period 01/04/2017 01/04/2016
Date of end of reporting period 31/03/2018 31/03/2017
Nature of report standalone consolidated Consolidated
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
CREMICA FOOD INDUSTRIES LIMITED Consolidated Financial Statements for period 01/04/2017 to 31/03/2018
[400200] Disclosures - Auditors report
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark applicable
[Member] [Member]
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
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]
Textual information
Disclosure in auditors report relating to fixed assets (1) [See below]
The Company has
maintained proper
records showing full
Disclosure relating to quantitative details of fixed assets particulars,including
quantitative details
and situation of fixed
assets.
Disclosure relating to physical verification and material discrepancies of fixed Textual information
assets (2) [See below]
Textual information
Disclosure relating to title deeds of immovable properties (3) [See below]
Textual information
Disclosure in auditors report relating to inventories (4) [See below]
Textual information
Disclosure in auditors report relating to loans (5) [See below]
Disclosure in auditors report relating to compliance with Section 185 and 186 of Textual information
Companies Act, 2013 (6) [See below]
Textual information
Disclosure in auditors report relating to deposits accepted (7) [See below]
Textual information
Disclosure in auditors report relating to maintenance of cost records (8) [See below]
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (9) [See below]
Disclosure relating to regularity in payment of undisputed statutory dues Textual information
[TextBlock] (10) [See below]
Textual information
Disclosure relating to disputed statutory dues [TextBlock] (11) [See below]
Textual information
Disclosure in auditors report relating to default in repayment of financial dues (12) [See below]
Disclosure in auditors report relating to public offer and term loans used for Textual information
purpose for which those were raised (13) [See below]
Disclosure in auditors report relating to fraud by the company or on the Textual information
company by its officers or its employees reported during period (14) [See below]
Textual information
Disclosure in auditors report relating to managerial remuneration (15) [See below]
In our opinion, the
Company is not a
nidhi company.
Therefore, the
provisions of clause
Disclosure in auditors report relating to Nidhi Company 3(xii) of the order
are not applicable to
the Company and
hence not
commented upon.
Textual information
Disclosure in auditors report relating to transactions with related parties (16) [See below]
Disclosure in auditors report relating to preferential allotment or private Textual information
placement of shares or convertible debentures (17) [See below]
Disclosure in auditors report relating to non-cash transactions with directors Textual information
or persons connected with him (18) [See below]
2
According to the
information and
explanations given
to us, the provisions
Disclosure in auditors report relating to registration under section 45-IA of
of section 45-IA of
Reserve Bank of India Act, 1934 the Reserve Bank of
India Act, 1934 are
not applicable to the
Company.
Details regarding auditors [Table] ..(1)

Auditors [Axis] 1
01/04/2017
to
31/03/2018
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
S.R.BATLIBOI &
Name of audit firm CO. LLP
Name of auditor signing report VIKAS MEHRA
Firms registration number of audit firm 301003E
Membership number of auditor 094421
3rd 7 6th floor, D
World Mark- I, IGI
Address of auditors Airport Hospitality
District, Aerocity
New Delhi-110037
Permanent account number of auditor or auditor's firm ACHFS9180N
SRN of form ADT-1 G30983456
Date of signing audit report by auditors 11/09/2018
Date of signing of balance sheet by auditors 11/09/2018

01/04/2017
to
31/03/2018
Textual information (19)
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 in auditors report relating to fixed assets

FIXED ASSETS i. a. The Company has maintained proper records showing full particulars,including quantitative details and situation
of fixed assets. b. All fixed assets were physically verified by the management in the previous year in accordance with a planned programme
of verifying them once in two years which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. No
material discrepancies were noticed on such verification. c. According to the information and explanations given by the management, the
title deeds of immovable properties, included in property, plant and equipment are held in the name of the company.
Disclosure relating to physical verification and material discrepancies of fixed assets

All fixed assets were physically verified by the management in the previous year in accordance with a planned programme of verifying them once
in two years which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. No material discrepancies
were noticed on such verification.
3
Disclosure relating to title deeds of immovable properties

a. According to the information and explanations given by the management, the title deeds of immovable properties, included in property,
plant and equipment are held in the name of the company.
Disclosure in auditors report relating to inventories

The inventory has been physically verified by the management during the year except for Inventories lying with third parties for which
confirmations have been obtained by the management. In our opinion, the frequency of verification is not reasonable. Discrepancies noted on
physical verification of inventories were material, and have been properly dealt with in the books of account.
Disclosure in auditors report relating to loans

According to the information and explanations given to us, the Company has not granted any loans, secured or unsecured to companies, firms,
Limited Liability Partnerships or other parties covered in the register maintained under section 189 of the Companies Act, 2013. Accordingly, the
provisions of clause 3(iii)(a), (b) and (c) of the Order are not applicable to the Company and hence not commented upon.
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, provisions of section 185 and 186 of the Companies Act, 2013 in
respect of loans to director andin respect of loans and advances and guarantees given have been complied with by the Company.
Disclosure in auditors report relating to deposits accepted

The Company has not accepted any deposits within the meaning of Sections 73 to 76 of the Act and the Companies (Acceptance of Deposits)
Rules, 2014 (as amended). Accordingly, the provisions of clause 3(v) of the Order are not applicable.
Disclosure in auditors report relating to maintenance of cost records

To the best of our knowledge and as explained, the Central Government has not specified the maintenance of cost records under section 148(1) of
the Companies Act, 2013 for the products of the Company.
4
Disclosure in auditors report relating to statutory dues [Text Block]

a. Undisputed statutory dues including provident fund, employees’ state insurance, income-tax, sales-tax, service tax, duty of customs, duty
of excise, value added tax, goods and service tax, cessand other statutory dues have generally been regularly deposited with the appropriate
authorities though there has been slight delays in few cases.
b. According to the information and explanations given to us, no undisputed dues in respect of provident fund, employees’ state insurance,
income-tax, sales-tax, service tax, duty of customs, duty of excise, value added tax,goods and service tax,cess and other statutory dues were
outstanding, at the year end, for a period of more than six months from the date they became payable.
c. According to the information and explanation given to us, the dues ofsales-tax on account of any dispute are as follows:
Name of the Amount of demand ( Amount deposited ( Period to which the amount Forum where the dispute is
Nature of the dues
statute Rs) Rs) relates pending
TS VAT Act, Tax liability and

24,305,534 3,038,192 2014-15 and 2015-16 Commissioner of appeals
2005 penalty
5
Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]

a. Undisputed statutory dues including provident fund, employees’ state insurance, income-tax, sales-tax, service tax, duty of customs, duty
of excise, value added tax, goods and service tax, cessand other statutory dues have generally been regularly deposited with the appropriate
authorities though there has been slight delays in few cases.
b. According to the information and explanations given to us, no undisputed dues in respect of provident fund, employees’ state insurance,
income-tax, sales-tax, service tax, duty of customs, duty of excise, value added tax,goods and service tax,cess and other statutory dues were
outstanding, at the year end, for a period of more than six months from the date they became payable.
Disclosure relating to disputed statutory dues [Text Block]

According to the information and explanation given to us, the dues ofsales-tax on account of any dispute are as follows:
Name of the Amount of demand ( Amount deposited ( Period to which the amount Forum where the dispute is
Nature of the dues
statute Rs) Rs) relates pending
TS VAT Act, Tax liability and

24,305,534 3,038,192 2014-15 and 2015-16 Commissioner of appeals
2005 penalty
Disclosure in auditors report relating to default in repayment of financial dues

In our opinion and according to the information and explanations given by the management, the Company has not defaulted in repayment of dues
to a financial institution or bank. The company does not have any debentures outstanding during the year.
6
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
According to the information and explanations given by the management, the Company has not raised any money by way of initial public offer/
further public offer/ debt instruments and term loans, hence reporting under clause (ix) is not applicable to the Company and hence not
commented upon.
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
Based upon the audit procedures performed for the purpose of reporting the true and fair view of the financial statements and according to the
information and explanations given by the management, we report that no fraud by the Company or no fraud on the Company by the officers and
employees of the Company has been noticed or reported during the year.
Disclosure in auditors report relating to managerial remuneration

According to the information and explanations given by the management, the managerial remuneration have been paid/ provided in accordance
with the requisite approvals mandated by the provision of section 197 read with Schedule V to the Companies Act, 2013.
Disclosure in auditors report relating to transactions with related parties

According to the information and explanations given by the management, transactions with the related parties are in compliance with section 177
and 188 of Companies Act, 2013 where applicable and the details have been disclosed in the notes to 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 on an overall examination of the balance sheet, the company has not made any
preferential allotment or private placement of shares or fully or partly convertible debentures during the year under review and hence, reporting
requirements under clause 3(xiv) are not applicable to the company and, not commented upon.
Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
According to the information and explanations given by the management, the Company has not entered into any non-cash transactions with
directors or persons connected with him as referred to in section 192 of Companies Act, 2013.
7
Disclosure in auditor’s report explanatory [Text Block]

INDEPENDENT AUDITOR’S REPORT
To the Members of Cremica Food Industries Limited
Report on the Consolidated Financial Statements
We have audited the accompanying consolidated financial statements of Cremica Food Industries Limited(hereinafter referred to as “the Holding
Company”), its subsidiaries (the Holding Company and its subsidiaries together referred to as “the Group”) comprisingof the consolidated
BalanceSheet as at March 31, 2018, the consolidated Statement of Profit and Lossand consolidated Cash Flow Statement for the year then ended,
and a summaryof significant accounting policies and other explanatory information (hereinafter referred to as “the consolidated financial
statements”).
Management’s Responsibility for the Consolidated Financial Statements
The Holding Company’s Board of Directors is responsible for the preparation of these consolidated financialstatements in terms of the
requirement of the Companies Act, 2013 (“the Act”)that give a true and fair view of the consolidated financial position,consolidated financial
performance and consolidated cash flows of the Group in accordancewith accounting principles generally accepted in India, including the
Companies (Accounting Standards) Rules, 2006 (as amended) specified under Section 133 of the Act, read with the Companies (Accounts) Rules,
2014. The respective Board of Directors of the companies included in the Group are responsible formaintenance of adequate accounting records
in accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other
irregularities; the selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent;
and the design, implementation and maintenanceof adequate internal financial controls,that were operating effectively for ensuring the accuracy
and completeness of the accounting records, relevant to the preparation and presentation ofthe financial statements that give a true and fair view
and are freefrom material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated
financial statements by the Directors of the Holding Company, as aforesaid.
Auditor’s Responsibility
Our responsibility is to express an opinion on these consolidated financialstatements based on our audit. While conducting the 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 thereunder. We conducted our audit inaccordance with the Standards on Auditing,
issued by the Instituteof Chartered Accountants of India, as specified under Section 143(10) of the Act. Those Standards require thatwe comply
with ethical requirements and plan and perform theaudit to obtain reasonable assurance about whether the financialstatements are free from
material misstatement.
8
An audit involves performing procedures to obtain audit evidenceabout the amounts and disclosures in the consolidated financial statements.The
procedures selected depend on the auditor’s judgment,including the assessment of the risks of material misstatement ofthe consolidated financial
statements, whether due to fraud or error. In makingthose risk assessments, the auditor considers internal financial controlrelevant to the Holding
Company’s preparation of theconsolidated financial statements that give a true and fair view in order to design audit procedures that
areappropriate in the circumstances. An audit also includes evaluatingthe appropriateness of accounting policies used and thereasonableness of
the accounting estimates made bythe Holding Company’s Board of Directors, as well as evaluating the overall presentation of theconsolidated
financial statements. We believe that the audit evidence obtained by us and the audit evidence obtained by the other auditors in terms of their
reports referred to in paragraph (a) of the Other Matters paragraph below, is sufficient and appropriate to provide a basis for ouraudit opinion on
the consolidated financial statements.
Opinion
In our opinion and to the best of our information and according tothe explanations given to us and based on the consideration of reports of other
auditors on separate financial statements and on the other financial information of the subsidiaries, the aforesaid consolidated financial statements
give theinformation required by the Actin the manner so required and givea true and fair view in conformity with the accounting
principlesgenerally accepted in Indiaof the consolidated state of affairs of theGroup, as at March 31, 2018, their consolidated profit, andtheir
consolidated cash flows forthe year ended on that date.
Other Matter
(a) We did not audit the financial statements and other financial information, in respect of twosubsidiaries, whose financial statements include
total assets of Rs 958,957,231 and net assets of Rs 186,327,218 as at March 31, 2018, and total revenues of Rs Niland net cash outflows of Rs
84,253,853 for the year ended on that date. These financial statement and other financial information have been audited by other auditors, which
financial statements, other financial information and auditor’s reports have been furnished to us by the management. Our opinion on the
consolidated financial statements, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries,and our report in
terms of sub-sections (3) of Section 143 of the Act, in so far as it relates to the aforesaid subsidiaries, is based solely on the reports of such other
auditors.
(b) The accompanying consolidated financial statements include unaudited financial statements and other unaudited financial information in
respect of two subsidiaries, whose financial statements and other financial information reflect total assets of Rs 81 and net assets of Rs 81 as at
March 31, 2018, and total revenues of Rs Nil and net cash outflow of Rs 100,000 for the year ended on that date. These unaudited financial
statements and other unaudited financial information have been furnished to us by the management. Our opinion, in so far as it relates amounts
and disclosures included in respect of these subsidiaries and our report in terms of sub-sections (3) of Section 143 of the Act in so far as it relates
to the aforesaid subsidiaries, is based solely on such unaudited financial statement and other unaudited financial information. In our opinion and
according to the information and explanations given to us by the Management, these financial statements and other financial information are not
material to the Group.
Our opinion above on the consolidated financial statements, and our report on Other Legal and Regulatory Requirements below, is not modified
in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the financial statements and
other financial information certified by the Management.
9
Report on Other Legal and Regulatory Requirements
As required by section 143 (3) of the Act, based on our audit and on the consideration of report of the other auditors on separate financial
statements and the other financial information of subsidiaries, as noted in the ‘other matter’ paragraphwe report, to the extent applicable, that:
(a) We/the other auditors whose reports we have relied upon have sought and obtained all the information and explanationswhich to the best of
our knowledge and belief werenecessary for the purpose of our audit of the aforesaid consolidated financial statements;
(b) In our opinion proper books of account as required bylaw relating to preparation of the aforesaid consolidation of the financial statements
have been kept so far as it appearsfrom our examination of those books and reports of the other auditors;
(c) Theconsolidated Balance Sheet, consolidated Statement of Profit and Loss, andconsolidated Cash Flow Statement dealt with by this Report
are inagreement with the books of account maintained for the purpose of preparation of the consolidated financial statements;
(d) In our opinion, the aforesaid consolidated financial statements comply with the Companies (Accounting Standards) Rules, 2006 (as
amended) specified under section 133 of the Act, read with the Companies (Accounts) Rules, 2014;
(e) On the basis of the written representations received from the directors of the Holding Company as on March 31, 2018 taken on record by
the Board of Directors of the Holding Company and the reports of the statutory auditors who are appointed under Section 139 of the Act, of its
subsidiary companies incorporated in India, and representation received from the management for unaudited entities, none of the directors of the
Holding Company’s companies, its subsidiary incorporated in India is disqualified as on March 31, 2018 from being appointed as a director in
terms of Section 164 (2) of the Act.
(f) With respect to the adequacy and the operating effectiveness of the internal financial controls over financial reporting with reference to
these consolidated financial statements of the Holding Company and its subsidiary companies, refer to our separate report in “Annexure 1” to this
report;
(g) 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 consolidated financial statements disclose the impact of pending litigations on its consolidated financial position of the Group. –
Refer Note 29 to the consolidated financial statements;
10
ii. The Groupdid not have any material foreseeable losses in long-term contracts including derivative contracts during the year ended March
31, 2018.
iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Holding Company
and its subsidiaries, incorporated in India during the year ended March 31, 2018.
For S.R. Batliboi & CO. LLP
Chartered Accountants
ICAI Firm Registration Number: 301003E/E300005
______________________________
Sd/-
Vikas Mehra
Partner
Membership Number: 094421
Place of Signature: New Delhi
Date: September 11, 2018
11
[100100] Balance sheet

31/03/2018 31/03/2017
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 7,58,96,290 7,58,96,290
Reserves and surplus 43,63,08,644 43,98,30,765
Total shareholders' funds 51,22,04,934 51,57,27,055
Share application money pending allotment 0 0
Minority interest 0 12,72,94,537
Non-current liabilities [Abstract]
Long-term borrowings 34,56,66,588 30,89,97,639
Other long-term liabilities (A) 28,72,69,627 (B) 14,00,66,667

Long-term provisions 1,42,02,613 1,18,48,094
Total non-current liabilities 64,71,38,828 46,09,12,400
Current liabilities [Abstract]
Short-term borrowings 40,29,40,574 49,65,88,614
Trade payables 41,86,59,964 31,83,29,461
Other current liabilities 20,29,09,065 10,88,93,389
Short-term provisions 84,43,557 63,90,917
Total current liabilities 103,29,53,160 93,02,02,381
Total equity and liabilities 219,22,96,922 203,41,36,373
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 53,17,90,564 54,14,85,688
Intangible assets (C) 2,62,36,784 (D) 79,37,414

Tangible assets capital work-in-progress 73,63,28,525 28,85,60,361
Total fixed assets 129,43,55,873 83,79,83,463
Non-current investments 0 0
Deferred tax assets (net) 36,827 16,37,338
Long-term loans and advances 27,27,51,466 39,51,97,382
Other non-current assets 43,62,898 44,05,140
Total non-current assets 157,15,07,064 123,92,23,323
Current assets [Abstract]
Current investments 0 0
Inventories 27,72,48,766 36,29,24,661
Trade receivables 15,55,94,898 6,85,47,195
Cash and bank balances 13,36,50,400 31,79,70,881
Short-term loans and advances 4,68,50,091 3,76,79,678
Other current assets 74,45,703 77,90,635
Total current assets 62,07,89,858 79,49,13,050
Total assets 219,22,96,922 203,41,36,373
Footnotes
(A) Other non-current liabilities : 287269627
(B) Other non-current liabilities : 140066667
(C) Intangible Assets : 5063056 Goodwill on consolidation : 21173728
(D) Intangible Assets : 6588512 Goodwill on consolidation : 1348902
12
[100400] Cash flow statement, indirect

01/04/2017 01/04/2016
to to 31/03/2016
31/03/2018 31/03/2017
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 -1,72,36,049 -29,30,43,218
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for depreciation and amortisation expense 4,98,69,888 7,18,90,426
Adjustments for unrealised foreign exchange losses gains -1,52,482 1,92,092
Other adjustments for which cash effects are investing or
financing cash flow (A) 10,03,522 (B) -27,64,433
Other adjustments for non-cash items (C) -17,38,275 (D) 8,44,69,749

Total adjustments to profit (loss) 4,89,82,653 15,37,87,834
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories 10,61,28,301 -4,83,89,952
Adjustments for decrease (increase) in trade receivables -10,30,01,167 3,22,48,658
Adjustments for decrease (increase) in other current assets 6,98,61,114 -21,10,63,165
Adjustments for increase (decrease) in trade payables 10,37,18,021 -51,30,909
Adjustments for provisions 44,07,159 81,30,300
Total adjustments for working capital 18,11,13,428 -22,42,05,068
Total adjustments for reconcile profit (loss) 23,00,96,081 -7,04,17,234
Net cash flows from (used in) operations 21,28,60,032 -36,34,60,452
Interest paid -6,22,48,115 -6,54,14,515
Interest received -1,89,68,613 -1,69,31,354
Income taxes paid (refund) -46,90,795 -19,19,507
Net cash flows from (used in) operating activities before extraordinary
26,08,30,329 -31,30,57,784
items
Net cash flows from (used in) operating activities 26,08,30,329 -31,30,57,784
Cash flows from used in investing activities [Abstract]
Cash flows used in obtaining control of subsidiaries or other businesses 12,87,90,000 0
Cash receipts from share of profits of partnership firm or
-25,77,623 25,77,800
association of persons or limited liability partnerships
Proceeds from sales of tangible assets 3,40,007 81,99,993
Purchase of tangible assets 38,97,34,852 30,34,90,782
Proceeds from sales of intangible assets 34,97,79,915 14,15,48,000
Interest received 2,03,53,494 1,19,16,549
Other inflows (outflows) of cash (E) -24,24,30,334 (F) -16,02,57,628

Net cash flows from (used in) investing activities before extraordinary
-39,30,59,393 -29,95,06,068
items
Net cash flows from (used in) investing activities -39,30,59,393 -29,95,06,068
Cash flows from used in financing activities [Abstract]
Proceeds from issuing shares 0 52,99,92,252
Proceeds from borrowings 10,15,30,000 21,51,60,000
Repayments of borrowings 12,86,49,753 6,38,85,757
Dividends paid 3,62,574 0
Interest paid 6,25,27,201 6,55,46,633
Other inflows (outflows) of cash (G) 14,52,25,450 (H) 9,00,66,667

Net cash flows from (used in) financing activities before extraordinary
5,52,15,922 70,57,86,529
items
Net cash flows from (used in) financing activities 5,52,15,922 70,57,86,529
Net increase (decrease) in cash and cash equivalents before effect of
-7,70,13,142 9,32,22,677
exchange rate changes
Net increase (decrease) in cash and cash equivalents -7,70,13,142 9,32,22,677
Cash and cash equivalents cash flow statement at end of period 2,40,67,739 10,10,80,881 80,56,771
13
Footnotes
(A) Loss on sale of property, plant and equipments : -1003522 Profit on sale of investments : 0 Profit on disposal of the investment in
subsidiaries : 0
(B) Loss on sale of property, plant and equipments : -646030 Profit on sale of investments : 3281750 Profit on disposal of the investment
in subsidiaries : 128713
(C) Provision for obsolence of inventory (reversed)/created : -20452406 Provision for doubtful debts and advances : 17025304 Bad debts
and advances written off : 12898622 Provision/ liabilities no longer required written back : -11209795
(D) Provision for obsolence of inventory (reversed)/created : 43293196 Provision for doubtful debts and advances : 46971519 Bad debts
and advances written off : 9916685 Provision/ liabilities no longer required written back : -15711651
(E) Investments in bank deposits having maturity more than three months : -242430334 Call in arrears received from Minority
shareholders in Cremica Food Park Private Limited : 0
(F) Investments in bank deposits having maturity more than three months : -161607628 Call in arrears received from Minority
shareholders in Cremica Food Park Private Limited : 1350000
(G) Proceed from government grant : 145300000 Tax on preference dividend paid : -74550
(H) Proceed from government grant : 90066667 Tax on preference dividend paid : 0
14
[200100] Notes - Share capital
Disclosure of classes of share capital [Table] ..(1)

Classes of share capital [Axis] Share capital [Member] Equity shares [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 1,00,00,000 [shares] 1,00,00,000 [shares] 80,00,000 [shares] 80,00,000
Value of shares authorised 10,00,00,000 10,00,00,000 8,00,00,000 8,00,00,000
Number of shares issued [shares] 75,89,629 [shares] 75,89,629 [shares] 57,76,760 [shares] 57,76,760
Value of shares issued 7,58,96,290 7,58,96,290 5,77,67,600 5,77,67,600
Number of shares subscribed and fully paid [shares] 75,89,629 [shares] 75,89,629 [shares] 57,76,760 [shares] 57,76,760
Value of shares subscribed and fully paid 7,58,96,290 7,58,96,290 5,77,67,600 5,77,67,600
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0 0
Total number of shares subscribed [shares] 75,89,629 [shares] 75,89,629 [shares] 57,76,760 [shares] 57,76,760
Total value of shares subscribed 7,58,96,290 7,58,96,290 5,77,67,600 5,77,67,600
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 75,89,629 [shares] 75,89,629 [shares] 57,76,760 [shares] 57,76,760
Value of shares called 7,58,96,290 7,58,96,290 5,77,67,600 5,77,67,600
Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0 0
Calls unpaid by officers 0 0 0 0
Total calls unpaid by directors and
0 0 0 0
officers
Calls unpaid by others 0 0 0 0
Total calls unpaid 0 0 0 0
Forfeited shares 0 0 0 0
Forfeited shares reissued 0 0 0 0
Value of shares paid-up 7,58,96,290 7,58,96,290 5,77,67,600 5,77,67,600
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
[shares] 0 [shares] 0 [shares] 0 [shares] 0
debentures preference shares during
period
Number of shares issued in other private
placement
Number of shares issued as preferential
allotment arising out of conversion of
period
Number of shares issued as other
preferential allotment
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares [shares] 0 [shares] 18,12,869 [shares] 0 [shares] 0
Number of shares issued under employee
stock option plan
15
Number of other issue of shares

arising out of conversion of [shares] 0 [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
[shares] 0 [shares] 18,12,869 [shares] 0 [shares] 0
during period
Decrease in number of shares during period
[Abstract]
Number of shares redeemed [shares] 0 [shares] 0
Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during
period
Total increase (decrease) in number of
[shares] 0 [shares] 18,12,869 [shares] 0 [shares] 0
shares outstanding
Number of shares outstanding at end of period [shares] 75,89,629 [shares] 75,89,629 [shares] 57,76,760 [shares] 57,76,760
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0 0
Amount of bonus issue during period 0 0 0 0
Amount of rights issue during period 0 0 0 0
Amount of private placement issue
arising out of conversion of debentures 0 0 0 0
preference shares during period
Amount of other private placement issue
0 0 0 0
during period
Amount of preferential allotment issue
Amount of other preferential allotment
0 0 0 0
issue during period
Amount of issue allotted for
contracts without payment 0 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0 0
amalgamation during period
Amount of other issues during period 0 1,81,28,690 0 0
Amount of employee stock option plan
0 0 0 0
issued during period
Amount of other issue arising out of
conversion of securities during 0 0 0 0
period
Total aggregate amount of increase in
0 1,81,28,690 0 0
share capital during period
Decrease in share capital during period
[Abstract]
Decrease in amount of shares redeemed 0 0
Decrease in amount of shares bought back 0 0 0 0
Other decrease in amount of shares 0 0 0 0
Total decrease in share capital during
0 0 0 0
period
Total increase (decrease) in share capital 0 1,81,28,690 0 0
Share capital at end of period 7,58,96,290 7,58,96,290 5,77,67,600 5,77,67,600
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0
Shares in company held by ultimate holding
company
Shares in company held by subsidiaries of its
holding company
ultimate holding company
Shares in company held by associates of its
holding company
16
Total shares in company held by holding company

or ultimate holding company or by its [shares] 0 [shares] 0 [shares] 0 [shares] 0
subsidiaries or associates
Shares reserved for issue under options
and contracts or commitments for sale of [shares] 0 [shares] 0 [shares] 0 [shares] 0
shares or disinvestment
Amount of shares reserved for issue under options
and contracts or commitments for sale of shares or 0 0 0 0
disinvestment
Aggregate number of fully paid-up shares issued
pursuant to contracts without payment being [shares] 0 [shares] 0 [shares] 0 [shares] 0
received in cash during last five years
Aggregate number of fully paid-up shares
issued by way of bonus shares during last [shares] 0 [shares] 0 [shares] 0 [shares] 0
five years
Aggregate number of shares bought back during
last five years
Original paid-up value of forfeited shares 0 0 0 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 due for 0 0 0 0
refund, principal
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0 0
and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0 0
17

Classes of share capital [Axis] Equity shares 1 [Member] Preference shares [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Type of share Equity Equity
Number of shares authorised [shares] 80,00,000 [shares] 80,00,000 [shares] 20,00,000 [shares] 20,00,000
Value of shares authorised 8,00,00,000 8,00,00,000 2,00,00,000 2,00,00,000
Number of shares issued [shares] 57,76,760 [shares] 57,76,760 [shares] 18,12,869 [shares] 18,12,869
Value of shares issued 5,77,67,600 5,77,67,600 1,81,28,690 1,81,28,690
Number of shares subscribed and fully paid [shares] 57,76,760 [shares] 57,76,760 [shares] 18,12,869 [shares] 18,12,869
Value of shares subscribed and fully paid 5,77,67,600 5,77,67,600 1,81,28,690 1,81,28,690
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0 0
Total number of shares subscribed [shares] 57,76,760 [shares] 57,76,760 [shares] 18,12,869 [shares] 18,12,869
Total value of shares subscribed 5,77,67,600 5,77,67,600 1,81,28,690 1,81,28,690
Number of shares paid-up [shares] 57,76,760 [shares] 57,76,760 [shares] 18,12,869 [shares] 18,12,869
Value of shares called 5,77,67,600 5,77,67,600 1,81,28,690 1,81,28,690
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0 0
Calls unpaid by officers 0 0 0 0
Total calls unpaid by directors and
0 0 0 0
officers
Calls unpaid by others 0 0 0 0
Total calls unpaid 0 0 0 0
Forfeited shares 0 0 0 0
Forfeited shares reissued 0 0 0 0
Value of shares paid-up 5,77,67,600 5,77,67,600 1,81,28,690 1,81,28,690
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
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
period
Number of shares issued in other private
placement
Number of shares issued as preferential
allotment arising out of conversion of
period
Number of shares issued as other
preferential allotment
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0 [shares] 18,12,869
Number of shares issued under employee
stock option plan
18
Number of other issue of shares

arising out of conversion of [shares] 0 [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
[shares] 0 [shares] 0 [shares] 0 [shares] 18,12,869
during period
Decrease in number of shares during period
[Abstract]
Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during
period
Total increase (decrease) in number of
[shares] 0 [shares] 0 [shares] 0 [shares] 18,12,869
shares outstanding
Number of shares outstanding at end of period [shares] 57,76,760 [shares] 57,76,760 [shares] 18,12,869 [shares] 18,12,869
Reconciliation of value of shares outstanding
[Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0 0
Amount of bonus issue during period 0 0 0 0
Amount of rights issue during period 0 0
Amount of private placement issue
Amount of other private placement issue
0 0 0 0
during period
Amount of preferential allotment issue
Amount of other preferential allotment
0 0 0 0
issue during period
Amount of issue allotted for
contracts without payment 0 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0 0
amalgamation during period
Amount of other issues during period 0 0 0 1,81,28,690
Amount of employee stock option plan
0 0 0 0
issued during period
Amount of other issue arising out of
conversion of securities during 0 0 0 0
period
Total aggregate amount of increase in
0 0 0 1,81,28,690
share capital during period
Decrease in share capital during period
[Abstract]
Decrease in amount of shares bought back 0 0 0 0
Other decrease in amount of shares 0 0 0 0
Total decrease in share capital during
0 0 0 0
period
Total increase (decrease) in share capital 0 0 0 1,81,28,690
Share capital at end of period 5,77,67,600 5,77,67,600 1,81,28,690 1,81,28,690
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 0 [shares] 0 [shares] 0 [shares] 0
Shares in company held by ultimate holding
company
holding company
holding company
19
Total shares in company held by holding company

or ultimate holding company or by its [shares] 0 [shares] 0 [shares] 0 [shares] 0
subsidiaries or associates
Shares reserved for issue under options
and contracts or commitments for sale of [shares] 0 [shares] 0 [shares] 0 [shares] 0
Amount of shares reserved for issue under options
and contracts or commitments for sale of shares or 0 0 0 0
disinvestment
Aggregate number of fully paid-up shares issued
pursuant to contracts without payment being [shares] 0 [shares] 0 [shares] 0 [shares] 0
received in cash during last five years
Aggregate number of fully paid-up shares
issued by way of bonus shares during last [shares] 0 [shares] 0 [shares] 0 [shares] 0
five years
Aggregate number of shares bought back during
last five years
Original paid-up value of forfeited shares 0 0 0 0
Details of application money received for
allotment of securities and due for refund and
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
refund, principal
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0 0
and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0 0
20

Classes of share capital [Axis] Preference shares 1 [Member]
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Type of share Preference Preference
Number of shares authorised [shares] 20,00,000 [shares] 20,00,000
Value of shares authorised 2,00,00,000 2,00,00,000
Number of shares issued [shares] 18,12,869 [shares] 18,12,869
Value of shares issued 1,81,28,690 1,81,28,690
Number of shares subscribed and fully paid [shares] 18,12,869 [shares] 18,12,869
Value of shares subscribed and fully paid 1,81,28,690 1,81,28,690
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] 18,12,869 [shares] 18,12,869
Total value of shares subscribed 1,81,28,690 1,81,28,690
Number of shares paid-up [shares] 18,12,869 [shares] 18,12,869
Value of shares called 1,81,28,690 1,81,28,690
Calls unpaid by directors and officers [Abstract]
Calls unpaid by directors 0 0
Calls unpaid by officers 0 0
Total calls unpaid by directors and officers 0 0
Calls unpaid by others 0 0
Total calls unpaid 0 0
Forfeited shares 0 0
Forfeited shares reissued 0 0
Value of shares paid-up 1,81,28,690 1,81,28,690
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 shares issued in public offering [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0
Number of shares issued in private placement arising out of conversion
[shares] 0 [shares] 0
of debentures preference shares during period
Number of shares issued in other private placement [shares] 0 [shares] 0
Number of shares issued as preferential allotment arising out of
conversion of debentures preference shares during period
Number of shares issued as other preferential allotment [shares] 0 [shares] 0
Number of shares allotted for contracts without payment received in cash [shares] 0 [shares] 0
Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0
Number of other issues of shares [shares] 0 [shares] 18,12,869
Number of shares issued under employee stock option plan [shares] 0 [shares] 0
Number of other issue of shares arising out of conversion of securities [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0 [shares] 18,12,869
Decrease in number of shares during period [Abstract]
Number of shares bought back [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 18,12,869
Number of shares outstanding at end of period [shares] 18,12,869 [shares] 18,12,869
Reconciliation of value of shares outstanding [Abstract]
Increase in share capital during period [Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
21
Amount of private placement issue arising out of conversion of

0 0
debentures preference shares during period
Amount of other private placement issue during period 0 0
Amount of preferential allotment issue arising out of conversion of
0 0
debentures preference shares during period
Amount of other preferential allotment issue during period 0 0
Amount of issue allotted for contracts without payment received in cash
0 0
during period
Amount of issue under scheme of amalgamation during period 0 0
Amount of other issues during period 0 1,81,28,690
Amount of employee stock option plan issued during period 0 0
Amount of other issue arising out of conversion of securities during period 0 0
Total aggregate amount of increase in share capital during period 0 1,81,28,690
Decrease in share capital during period [Abstract]
Decrease in amount of shares bought back 0 0
Other decrease in amount of shares 0 0
Total decrease in share capital during period 0 0
Total increase (decrease) in share capital 0 1,81,28,690
Share capital at end of period 1,81,28,690 1,81,28,690
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
Shares in company held by holding company [shares] 0 [shares] 0
Shares in company held by ultimate holding company [shares] 0 [shares] 0
Shares in company held by subsidiaries of its holding company [shares] 0 [shares] 0
Shares in company held by subsidiaries of its ultimate holding company [shares] 0 [shares] 0
Shares in company held by associates of its holding company [shares] 0 [shares] 0
Shares in company held by associates of its ultimate holding company [shares] 0 [shares] 0
Total shares in company held by holding company or ultimate holding company
or by its subsidiaries or associates
Shares reserved for issue under options and contracts or commitments for sale of
Amount of shares reserved for issue under options and contracts or commitments
0 0
for sale of shares or disinvestment
Aggregate number of fully paid-up shares issued pursuant to contracts
without payment being received in cash during last five years
Aggregate number of fully paid-up shares issued by way of bonus shares during last
five years
Aggregate number of shares bought back during last five years [shares] 0 [shares] 0
Original paid-up value of forfeited shares 0 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
Application money received for allotment of securities and due for refund,
0 0
principal
Application money received for allotment of securities and due for refund,
0 0
interest accrued
Total application money received for allotment of securities and due for
0 0
refund and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of share capital [Axis] Equity shares [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Number of shares held in company [shares] 40,06,830 [shares] 40,06,830 [shares] 10,98,049 [shares] 10,98,049
22
Classes of share capital [Axis] Equity shares 1 [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
company [Abstract]
Type of share Equity share Equity share Equity Share Equity Share
India Agri Business India Agri Business
Name of shareholder Mr.Akshay Bector Mr.Akshay Bector
Fund-II Limited Fund-II Limited
PAN of shareholder ABJPB4769K ABJPB4769K
Country of incorporation or residence of
INDIA INDIA MAURITIUS MAURITIUS
shareholder
Percentage of shareholding in company 69.36% 69.36% 19.01% 19.01%
Classes of share capital [Axis] Preference shares [Member] Preference shares 1 [Member]
01/04/2017 01/04/2016
31/03/2018 31/03/2017 to to
31/03/2018 31/03/2017
company [Abstract]
2% Compulsory 2% Compulsory
Convertible Convertible
Type of share Cumulative Cumulative
Preference Shares Preference Shares
India Agri Business India Agri Business
Name of shareholder Fund-II Limited Fund-II Limited
Country of incorporation or residence of
MAURITIUS MAURITIUS
shareholder
Percentage of shareholding in company 99.00% 99.00%

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on share capital explanatory [TextBlock] [See below]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Whether reduction in capital done during year No No
Whether money raised from public offering during year No No
23
Disclosure of notes on share capital explanatory [Text Block]
2. Share Capital
As at As at
31-Mar-18 31-Mar-17
Authorized share capital:
8,000,000 (March 31, 2017: 8,000,000) equity shares of Rs.10/- each 80,000,000 80,000,000
2,000,000 (March 31, 2017: 2,000,000) Series “A” 2% compulsory convertible
cumulative preference shares (CCCPS) of Rs.10/- each 20,000,000 20,000,000
Issued, subscribed and fully paid-up share capital
5,776,760 (March 31, 2017: 5,776,760) equity shares of Rs.10/- each 57,767,600 57,767,600
1,812,869 (March 31, 2017: 1,812,869) Series “A” 2% Compulsory convertible
cumulative preference shares (CCCPS) of Rs.10/- each fully 18,128,690 18,128,690
Total issued, subscribed and fully paid-up share capital 75,896,290 75,896,290
(a) Reconciliation of shares outstanding at the beginning and at the end of the
reporting year
As at As at
(i) Equity shares March March 31,
31, 2018 2017
Number Number of
Amount Amount
of shares shares
At the beginning of the year 5,776,760 57,767,600 5,776,760 57,767,600
Add: Issued during the year - - - -
Outstanding at the end of the year 5,776,760 57,767,600 5,776,760 57,767,600
24
(ii) 2% Compulsory convertible cumulative preference shares
As at As at
March March 31,
31, 2018 2017
Number Number of
Amount Amount
of shares shares
At the beginning of the year 1,812,869 18,128,690 - -
Add: Issued during the year - - 1,812,869 18,128,690
Outstanding at the end of the year 1,812,869 18,128,690 1,812,869 18,128,690
(b)Terms/rights attached to equity shares
The Company has only one class of equity shares having a par value of Rs.10/- per
share. Each holder of equity shares is entitled to one vote per share. The Company
declares and pays dividend in Indian rupees. The dividend proposed by board of
director is subject to approval of the shareholder in the ensuing annual general
meeting.
In the event of liquidation of the Company, the holders of equity share will be
entitled to receive the remaining assets of the Company after distribution of all
preferential amounts. The distribution will be in proportion to the number of equity
shares held by the equity shareholders.
(c) Terms of conversion of 2% Compulsory Convertible Cumulative Preference

shares (CCPS)
During the previous year ended on March 31, 2017, the Company issued 1,812,869
CCCPS of Rs. 10/- each fully paid-up at a premium of Rs. 282/- per share. CCCPS
carry cumulative coupon @ 2%. Each of CCCPS held by investor shall be entitled to
a rate of dividend equivalent to a rate of dividend declared by the Board on the
Equity Shares. The dividend payable on CCCPS shall be cumulative in nature. The
dividend proposed by the Board of Directors is subject to the approval of the
shareholders in the ensuring Annual General Meeting.
CCCPS were due for the conversion to equity shares during the year. It is decided in
the Board of Directors meeting that conversion is presently postponed subject to the
further agreed valuation methodology.
(d) Details of shareholders holding more than 5% shares in the Company
As at As at
March March 31,
31, 2018 2017
No of No of
25
Equity Shares: Shares % holding Shares % holding
Mr. Akshay Bector 4,006,830 69.36% 4,006,830 69.36%
India Agri Business Fund-II Limited, Mauritius 1,098,049 19.01% 1,098,049 19.01%
2% Compulsory Convertible Cumulative Preference Shares (CCCPS):
India Agri Business Fund-II Limited, Mauritius 1,794,740 99.00% 1,794,740 99.00%
As per the records of the company, including its register of shareholder/members

and other declarations received from shareholders regarding beneficial interest, the
above shareholding represents both legal and beneficial ownerships of shares.
(e) Proposed dividend As at As at
31-Mar-18 31-Mar-17
The board proposed dividend on preference shares after the balance sheet date:
Proposed dividend on preference shares for the year ended on March 31, 2018 : INR
362,574 -
0.20 per share (March 31, 2017 Nil)
DDT on proposed preference dividend 76,760 -
26
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Components of reserves [Axis] Reserves [Member] Securities premium account [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 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 -30,84,997 -30,05,02,815 0 0
Other additions to reserves 0 51,18,63,562 0 51,18,63,562
Total additions to reserves -30,84,997 21,13,60,747 0 51,18,63,562
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Dividend appropriation [Abstract]
Final dividend appropriation [Abstract]
Final preferred dividend appropriation 3,62,574 0
Total final dividend appropriation 3,62,574 0
Total dividend appropriation 3,62,574 0
Dividend tax appropriation [Abstract]
Preferred dividend tax appropriation 74,550 0
Total dividend tax appropriation 74,550 0
Total appropriations for dividend,
4,37,124 0
dividend tax and general reserve
Total changes in reserves -35,22,121 21,13,60,747 0 51,18,63,562
Reserves at end of period 43,63,08,644 43,98,30,765 51,18,63,562 51,18,63,562

Securities premium General reserve
Components of reserves [Axis] Other reserves [Member]
account [Member] [Member]
01/04/2017 01/04/2016 01/04/2017
31/03/2016 to to to
31/03/2018 31/03/2017 31/03/2018
Profit (loss) for period 0 0 0
Total additions to reserves 0 0 0
Total changes in reserves 0 0 0
Reserves at end of period 0 36,79,02,702 36,79,02,702 36,79,02,702
27

Components of reserves [Axis] General reserve [Member] Surplus [Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Profit (loss) for period 0 -30,84,997 -30,05,02,815
Total additions to reserves 0 -30,84,997 -30,05,02,815
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Dividend appropriation [Abstract]
Final dividend appropriation [Abstract]
Final preferred dividend appropriation 3,62,574 0
Total final dividend appropriation 3,62,574 0
Total dividend appropriation 3,62,574 0
Dividend tax appropriation [Abstract]
Preferred dividend tax appropriation 74,550 0
Total dividend tax appropriation 74,550 0
Total appropriations for dividend,
4,37,124 0
dividend tax and general reserve
Total changes in reserves 0 -35,22,121 -30,05,02,815
Reserves at end of period 36,79,02,702 36,79,02,702 -44,34,57,620 -43,99,35,499

Components of reserves [Axis] Surplus [Member]
31/03/2016
Reserves at end of period -13,94,32,684
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Classification of borrowings [Axis] Borrowings [Member] Term loans [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 34,56,66,588 30,89,97,639 34,56,66,588 30,89,97,639

Classification of borrowings [Axis] Term loans from banks [Member] Rupee term loans from banks [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Borrowings 34,56,66,588 30,89,97,639 34,56,66,588 30,89,97,639
28

Classification based on time period [Axis] Short-term [Member]
Classification of borrowings [Axis] Borrowings [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Borrowings 40,16,40,574 48,69,28,614 13,00,000 96,60,000

Classification of borrowings [Axis] Term loans [Member] Term loans from banks [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Borrowings 30,16,40,574 38,69,28,614 30,16,40,574 38,69,28,614

Classification of borrowings [Axis] Rupee term loans from banks [Member] Loans repayable on demand [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Borrowings (A) 30,16,40,574 (B) 38,69,28,614 10,00,00,000 10,00,00,000
Footnotes
(A) Cash Credit from Bank* : 301640574 Overdraft from Bank** : 0
(B) Cash Credit from Bank* : 373957973 Overdraft from Bank** : 12970641

Loans repayable on demand from banks Loans and advances from related parties
Classification of borrowings [Axis]
[Member] [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Unsecured borrowings [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Borrowings 10,00,00,000 10,00,00,000 13,00,000 96,60,000

Loans and advances from directors
Classification of borrowings [Axis]
[Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member]
31/03/2018 31/03/2017
Borrowings 13,00,000 96,60,000
29

01/04/2017
to
31/03/2018
Disclosure of notes on borrowings explanatory [TextBlock] [See below]
30
Disclosure of notes on borrowings explanatory [Text Block]
Borrowings
Long Term Borrowings
As at
As at March 31,
March 31,
2017
2018
Non-Current Non-Current Current

Current
Term Loans (Secured)
Loan from banks * 50,000,000 50,000,000 100,000,000 30,000,000
Loan from NABARD** 287,496,770 9,003,230 197,600,000

-
Vehicle loans from banks*** 4,912,533 4,705,707 7,826,509 4,050,877
Vehicles loans from financial institutions*** 3,257,285 983,764 3,571,130 782,486
345,666,588 64,692,701 308,997,639 34,833,363
Amount disclosed under the head "other liabilities" (note 8) -64,692,701 -34,833,363
- -
Total 345,666,588 308,997,639

- -
Notes:
*Corporate Loan from bank is secured by first charge and hypothecation of

entire movable assets of the Company both present and future excluding
vehicles financed by other banks/ financial institutions and equitable
mortgage of 8 Kanal of land located at Theing Road, Phillaur, Dist. Jalandhar
and building situated thereat. It is further secured by first charge of land at
village Chawl, Panvel, Dist. Raigarh, Maharashtra. The facility is further
secured by second charge on entire current assets of the Company both
present and future. The facility is further secured by personal guarantee of
Mr. Akshay Bector (Chairman & MD) and Mrs. Geeta Bector (Director).
This is repayable on equal quarterly instalments over a period 8 quarters and
carries interest 11.5% per annum.
31
** Loans from National Bank For Agriculture And Rural Development

(NABARD) is secured by primary security of mortgage of mega food park
project land - village Singha, Tehsil Haroli, District Una, Himachal Pradesh
and hypothecation over plant and machinery and all movable assets, entire
present and future receivables/book debts in relation to the project of
Cremica Food Park Private Limited and further secured by secondary
security of mortgage of industrial plot (leasehold land at plot no. 05,
Block-B, Sector-83, Dist. Gautam Budh Nagar, Noida, Uttar Pradesh owned
by the Company and corporate guarantee by the Company and personal
guarantee by Mr. Akshay Bector. The loan from NABARD carried rate of
interest rate ranging from of 7.65 % to 9.45% at quarterly rest. With effect
from March 22, 2017, for all subsequent drawl of loan instalments, the rate
of interest charged as PLR applicable on the date of disbursement of loan
instalment plus the risk premium of 0.20%.This is repayable on unequal
quarterly instalments over a period 20 quarters starting from March 01, 2019.
Short-term borrowings
As at
As at March
March 31,
31, 2018
2017
Secured
Cash Credit from Bank* 301,640,574 373,957,973
Overdraft from Bank** 12,970,641

-
Short term demand loan *** 100,000,000 100,000,000
Unsecured
-
Loan from related parties **** 1,300,000 9,660,000
Total 402,940,574 496,588,614
Notes:
* Cash Credit from bank are secured by first charge on entire present and future current assets of the
Company. These facilities are further secured by first charge and hypothecation of entire movable assets of
the Company both present and future excluding vehicles financed by other banks/ financial institutions and
equitable mortgage of 8 Kanal of land located at Theing Road, Phillaur, Dist. Jalandhar and building situated
thereat. It is further secured by second charge on land at village Chawl, Panvel, Dist. Raigarh, Maharashtra..
The facilities are further secured by personal guarantee of Mr. Akshay Bector (Chairman & MD) and Mrs
Geeta Bector (Director). These loans are repayable on demand and carries interest 10.5% to 12% per annum.
32
** Overdraft facilities from bank are secured by fixed deposit to the extent of 110% of the facility amount
duly lien marked in the favour of the bank.
*** Short term demand loan from bank is secured by subservient charge on the current assets of the
Company (both present and future) and by personal guarantee of Mr. Akshay Bector (Chairman & MD).
These loans are repayable on demand and interest rate ranging from 9.5% to 10.5% per annum.
**** Loan from related parties are interest free and repayable on demand.
[201000] Notes - Tangible assets
Disclosure of additional information tangible assets [Table] ..(1)

Company total tangible assets
Classes of tangible assets [Axis] Land [Member]
[Member]
Owned and leased assets Owned and leased assets Assets held under lease
Sub classes of tangible assets [Axis]
[Member] [Member] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of additional information
tangible assets [Abstract]
tangible assets [LineItems]
Straight Line Straight line
Depreciation method tangible assets - - - -
Method method
Useful lives or depreciation rates
NA NA NA NA over the life over the life
tangible assets

Classes of tangible assets [Axis] Land [Member] Buildings [Member]
Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
[Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
Straight Line Straight line Straight Line Straight line
Depreciation method tangible assets Method method
- -
Method method
over the life over the life NA NA 30.00 30.00
tangible assets
33

Furniture and fixtures
Classes of tangible assets [Axis] Plant and equipment [Member]
[Member]
Owned and leased assets Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member]
[Member] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
Depreciation method tangible assets - -
Method method
- -

NA NA 15.00 15.00 NA NA
tangible assets

Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member]
Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
[Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
- -
Method method
10.00 10.00 NA NA 8.00 8.00
tangible assets

Computer equipments
Classes of tangible assets [Axis] Office equipment [Member]
[Member]
Owned and leased assets Owned and leased assets
[Member] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
Depreciation method tangible assets - -
Method method
- -

NA NA 5.00 5.00 NA NA
tangible assets
34

Classes of tangible assets [Axis] Computer equipments [Member] Leasehold improvements [Member]
Owned and leased assets Assets held under lease
[Member] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
- -
Method method
3.00 3.00 NA NA over the life over the life
tangible assets
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 Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
carrying amount [Axis] [Member] impairment [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 3,99,92,837 8,19,39,493 3,99,92,837 8,19,39,493
assets
Depreciation tangible assets -4,83,44,432 -7,03,73,884 4,83,44,432 7,03,73,884
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
13,43,529 5,62,43,759 1,03,82,716 6,43,14,651 90,39,187 80,70,892
others
Total disposals tangible
13,43,529 5,62,43,759 1,03,82,716 6,43,14,651 90,39,187 80,70,892
assets
Other adjustments tangible
assets [Abstract]
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-96,95,124 -4,46,78,150 2,96,10,121 1,76,24,842 3,93,05,245 6,23,02,992
assets
Tangible assets at end of period 53,17,90,564 54,14,85,688 91,34,89,340 88,38,79,219 38,16,98,776 34,23,93,531
35

Sub classes of tangible assets [Axis] Assets held under lease [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
business combinations tangible 8,44,144 4,64,70,145 8,44,144 4,64,70,145
assets
Depreciation tangible assets -21,91,727 -33,75,473 21,91,727 33,75,473
Impairment loss
tangible assets
[Abstract]
0 0 0 4,58,254 0 4,58,254
others
0 0 0 4,58,254 0 4,58,254
assets
assets [Abstract]
0 -10,95,567 0 10,95,567
assets, others
0 -10,95,567 0 10,95,567
tangible assets
-13,47,583 4,19,99,105 8,44,144 4,60,11,891 21,91,727 40,12,786
assets
Tangible assets at end of period 4,06,51,522 4,19,99,105 4,73,14,289 4,64,70,145 66,62,767 44,71,040
36

01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
business combinations tangible 3,91,48,693 3,54,69,348 3,91,48,693 3,54,69,348
assets
Impairment loss
tangible assets
[Abstract]
13,43,529 5,62,43,759 1,03,82,716 6,38,56,397 90,39,187 76,12,638
others
13,43,529 5,62,43,759 1,03,82,716 6,38,56,397 90,39,187 76,12,638
assets
assets [Abstract]
0 10,95,567 0 -10,95,567
assets, others
0 10,95,567 0 -10,95,567
tangible assets
-83,47,541 -8,66,77,255 2,87,65,977 -2,83,87,049 3,71,13,518 5,82,90,206
assets
37

01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 3,46,22,064 0 3,46,22,064 0 0
others
0 3,46,22,064 0 3,46,22,064 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
19,37,761 -5,01,447 22,50,000 13,04,407 3,12,239 18,05,854
assets
38

01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
business combinations tangible 0 2,78,02,105 0 2,78,02,105
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-3,12,239 2,59,96,251 0 2,78,02,105 3,12,239 18,05,854
assets
39

01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
business combinations tangible 22,50,000 81,24,366 22,50,000 81,24,366
assets
Depreciation tangible assets 0 0 0 0
Impairment loss
tangible assets
[Abstract]
0 3,46,22,064 0 3,46,22,064 0 0
others
0 3,46,22,064 0 3,46,22,064 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
22,50,000 -2,64,97,698 22,50,000 -2,64,97,698 0 0
assets
Tangible assets at end of period 18,27,83,777 18,05,33,777 18,27,83,777 18,05,33,777 0 0
40

Classes of tangible assets [Axis] Buildings [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
business combinations tangible 0 0 0 0
assets
Impairment loss
tangible assets
[Abstract]
0 90,30,107 0 90,30,107 0 0
others
0 90,30,107 0 90,30,107 0 0
assets
assets [Abstract]
0 2,86,735 0 -2,86,735
assets, others
0 2,86,735 0 -2,86,735
tangible assets
-38,19,161 -1,22,94,312 0 -90,30,107 38,19,161 32,64,205
assets
41

Classes of tangible assets [Axis] Buildings [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
business combinations tangible 0 0 0 0
assets
Impairment loss
tangible assets
[Abstract]
0 90,30,107 0 90,30,107 0 0
others
0 90,30,107 0 90,30,107 0 0
assets
assets [Abstract]
0 2,86,735 0 -2,86,735
assets, others
0 2,86,735 0 -2,86,735
tangible assets
-38,19,161 -1,22,94,312 0 -90,30,107 38,19,161 32,64,205
assets
42

01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
business combinations tangible 2,96,47,139 72,74,849 2,96,47,139 72,74,849
assets
Impairment loss
tangible assets
[Abstract]
11,61,338 36,58,402 96,19,867 36,58,402 84,58,529 0
others
11,61,338 36,58,402 96,19,867 36,58,402 84,58,529 0
assets
assets [Abstract]
0 18,09,241 0 -18,09,241
assets, others
0 18,09,241 0 -18,09,241
tangible assets
-29,11,676 -4,62,76,144 2,00,27,272 36,16,447 2,29,38,948 4,98,92,591
assets
43

01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
business combinations tangible 2,96,47,139 72,74,849 2,96,47,139 72,74,849
assets
Impairment loss
tangible assets
[Abstract]
11,61,338 36,58,402 96,19,867 36,58,402 84,58,529 0
others
11,61,338 36,58,402 96,19,867 36,58,402 84,58,529 0
assets
assets [Abstract]
0 18,09,241 0 -18,09,241
assets, others
0 18,09,241 0 -18,09,241
tangible assets
-29,11,676 -4,62,76,144 2,00,27,272 36,16,447 2,29,38,948 4,98,92,591
assets
44

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 -97,52,494 0 97,52,494
assets, others
0 -97,52,494 0 97,52,494
tangible assets
-19,77,133 -75,78,483 16,65,574 73,20,585 36,42,707 1,48,99,068
assets
45

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 -97,52,494 0 97,52,494
assets, others
0 -97,52,494 0 97,52,494
tangible assets
-19,77,133 -75,78,483 16,65,574 73,20,585 36,42,707 1,48,99,068
assets
46

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
1,82,191 20,26,064 7,62,849 96,38,702 5,80,658 76,12,638
others
1,82,191 20,26,064 7,62,849 96,38,702 5,80,658 76,12,638
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-18,37,344 25,41,213 28,87,546 2,20,860 47,24,890 -23,20,353
assets
47

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
1,82,191 20,26,064 7,62,849 96,38,702 5,80,658 76,12,638
others
1,82,191 20,26,064 7,62,849 96,38,702 5,80,658 76,12,638
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-18,37,344 25,41,213 28,87,546 2,20,860 47,24,890 -23,20,353
assets
48

01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
Depreciation tangible assets -9,89,737 -76,197 9,89,737 76,197
Impairment loss
tangible assets
[Abstract]
0 69,07,122 0 69,07,122 0 0
others
0 69,07,122 0 69,07,122 0 0
assets
assets [Abstract]
0 87,52,085 0 -87,52,085
assets, others
0 87,52,085 0 -87,52,085
tangible assets
5,27,361 38,08,876 15,17,098 -48,67,012 9,89,737 -86,75,888
assets
Tangible assets at end of period 51,13,791 45,86,430 84,82,559 69,65,461 33,68,768 23,79,031
49

01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
Depreciation tangible assets -9,89,737 -76,197 9,89,737 76,197
Impairment loss
tangible assets
[Abstract]
0 69,07,122 0 69,07,122 0 0
others
0 69,07,122 0 69,07,122 0 0
assets
assets [Abstract]
0 87,52,085 0 -87,52,085
assets, others
0 87,52,085 0 -87,52,085
tangible assets
5,27,361 38,08,876 15,17,098 -48,67,012 9,89,737 -86,75,888
assets
50

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-5,79,588 -3,80,707 4,18,487 8,49,876 9,98,075 12,30,583
assets
51

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0
assets, others
0 0 0 0
tangible assets
-5,79,588 -3,80,707 4,18,487 8,49,876 9,98,075 12,30,583
assets
52

Classes of tangible assets [Axis] Leasehold improvements [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 4,58,254 0 4,58,254
others
0 0 0 4,58,254 0 4,58,254
assets
assets [Abstract]
0 -10,95,567 0 10,95,567
assets, others
0 -10,95,567 0 10,95,567
tangible assets
-10,35,344 1,60,02,854 8,44,144 1,82,09,786 18,79,488 22,06,932
assets
53

Classes of tangible assets [Axis] Leasehold improvements [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
Impairment loss
tangible assets
[Abstract]
0 0 0 4,58,254 0 4,58,254
others
0 0 0 4,58,254 0 4,58,254
assets
assets [Abstract]
0 -10,95,567 0 10,95,567
assets, others
0 -10,95,567 0 10,95,567
tangible assets
-10,35,344 1,60,02,854 8,44,144 1,82,09,786 18,79,488 22,06,932
assets

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on tangible assets explanatory [TextBlock] [See below]
Share tangible assets joint ventures, net 53,17,90,564 54,14,85,688
54
Disclosure of notes on tangible assets explanatory [Text Block]
Tangible
Assets
Leasehold Leasehold Plant and Furniture Office

Freehold land Building Vehicles Computers
land * improvements Machinery and fixtures Equipment
Gross Block
As at April 1,
207,031,475 458,254 129,724,006 436,339,607 29,329,253 11,832,473 42,982,095 8,557,214
2016 -
Add:
Additions
8,124,366 2,234,050 7,274,849 4,158,944 2,040,110 9,859,562 849,876
during the - -
year
Less:
Disposals
6,819,959 458,254 9,638,702
during the - - - - - -
year
Add/(less):
Adjustments
-27,802,105 27,802,105 16,433,990 -9,030,107 -3,658,402 3,161,641 -6,907,122
during the - -
year **
As at March
180,533,777 27,802,105 18,668,040 120,693,899 439,956,054 36,649,838 6,965,461 43,202,955 9,407,090
31, 2017
Add:
Additions
2,250,000 844,144 29,647,139 1,665,574 1,517,098 3,650,395 418,487
during the - -
period
Less:
Disposals
9,619,867 762,849
during the - - - - - - -
period
As at March
182,783,777 27,802,105 19,512,184 120,693,899 459,983,326 38,315,412 8,482,559 46,090,501 9,825,577
31, 2018
Accumulated
depreciation
As at April 1,
458,254 29,874,925 210,780,350 6,236,499 11,054,919 15,403,822 6,281,770
2016 - -
55
Add: charges
1,805,854 1,569,619 3,550,940 51,701,832 5,146,574 76,197 5,292,285 1,230,583
for the year -
Less:
458,254 7,612,638
Disposals - - - - - - -
Add/(less):
Adjustments
1,095,567 -286,735 -1,809,241 9,752,494 -8,752,085
during the - - - -
year
As at March
1,805,854 2,665,186 33,139,130 260,672,941 21,135,567 2,379,031 13,083,469 7,512,353
31, 2017 -
Add: charges
312,239 1,879,488 3,819,161 31,397,477 3,642,707 989,737 5,305,548 998,075
for the period -
Less:
8,458,529 580,658
Disposals - - - - - - -
As at March
2,118,093 4,544,674 36,958,291 283,611,889 24,778,274 3,368,768 17,808,359 8,510,428
31, 2018 -
Net Block
As at March
182,783,777 25,684,012 14,967,510 83,735,608 176,371,437 13,537,138 5,113,791 28,282,142 1,315,149
31, 2018
As at March
180,533,777 25,996,251 16,002,854 87,554,769 179,283,113 15,514,271 4,586,430 30,119,486 1,894,737
31, 2017
* Pledged as
secondary
security for
loan taken by
subsidiary
company,
Cremica Food
Park Private
Limited from
National Bank
for agriculture
and rural
development
(NABARD).
** Represents
reclassification
between
various classes
of assets.
56
[201100] Notes - Intangible assets
Disclosure of intangible assets [Table] ..(1)

Classes of intangible assets [Axis] Company total intangible assets [Member]
Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]
Carrying amount accumulated amortization and Gross carrying amount Accumulated amortization and
impairment and gross carrying amount [Axis] [Member] impairment [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
business combinations 1,98,24,826 19,55,322 1,98,24,826 19,55,322
intangible assets
Total additions to
1,98,24,826 19,55,322 1,98,24,826 19,55,322
intangible assets
Amortization intangible assets -15,25,456 -15,16,542 15,25,456 15,16,542
Impairment loss
loss intangible assets
intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0 0 0 0 0
assets, others
Total disposals intangible
0 0 0 0 0 0
assets
Other adjustments intangible
assets [Abstract]
Other adjustments
0 0 0 0
intangible assets, others
0 0 0 0
intangible assets
Total changes in intangible
1,82,99,370 4,38,780 1,98,24,826 19,55,322 15,25,456 15,16,542
assets
Intangible assets at end of period (A) 2,62,36,784 (B) 79,37,414 3,04,87,364 1,06,62,538 42,50,580 27,25,124
Footnotes
(A) Intangible Assets : 5063056 Goodwill on consolidation : 21173728
(B) Intangible Assets : 6588512 Goodwill on consolidation : 1348902
57

Classes of intangible assets [Axis] Company total intangible assets [Member]
Sub classes of intangible assets [Axis] Internally generated intangible assets [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
[Abstract]
business combinations 1,98,24,826 19,55,322 1,98,24,826 19,55,322
intangible assets
Total additions to
1,98,24,826 19,55,322 1,98,24,826 19,55,322
intangible assets
Impairment loss
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
1,82,99,370 4,38,780 1,98,24,826 19,55,322 15,25,456 15,16,542
assets
Intangible assets at end of period 2,62,36,784 79,37,414 3,04,87,364 1,06,62,538 42,50,580 27,25,124
58

Classes of intangible assets [Axis] Goodwill [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
[Abstract]
business combinations 1,98,24,826 0 1,98,24,826 0
intangible assets
Total additions to
1,98,24,826 0 1,98,24,826 0
intangible assets
Amortization intangible assets 0 0 0 0
Impairment loss
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
1,98,24,826 0 1,98,24,826 0 0 0
assets
Intangible assets at end of period 2,11,73,728 13,48,902 2,11,73,728 13,48,902 0 0
59

01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
1,98,24,826 0 1,98,24,826 0
intangible assets
Impairment loss
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
1,98,24,826 0 1,98,24,826 0 0 0
assets
60

Classes of intangible assets [Axis] Goodwill on consolidation subsidiaries [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
1,98,24,826 0 1,98,24,826 0
intangible assets
Impairment loss
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
1,98,24,826 0 1,98,24,826 0 0 0
assets
61

Classes of intangible assets [Axis] Goodwill on consolidation subsidiaries [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
[Abstract]
intangible assets
Total additions to
1,98,24,826 0 1,98,24,826 0
intangible assets
Impairment loss
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
1,98,24,826 0 1,98,24,826 0 0 0
assets
62

Classes of intangible assets [Axis] Computer software [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
[Abstract]
business combinations 0 19,55,322 0 19,55,322
intangible assets
Total additions to
0 19,55,322 0 19,55,322
intangible assets
Impairment loss
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
-15,25,456 4,38,780 0 19,55,322 15,25,456 15,16,542
assets
Intangible assets at end of period 50,63,056 65,88,512 93,13,636 93,13,636 42,50,580 27,25,124
63

01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
[Abstract]
business combinations 0 19,55,322 0 19,55,322
intangible assets
Total additions to
0 19,55,322 0 19,55,322
intangible assets
Impairment loss
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
-15,25,456 4,38,780 0 19,55,322 15,25,456 15,16,542
assets
Intangible assets at end of period 50,63,056 65,88,512 93,13,636 93,13,636 42,50,580 27,25,124
Disclosure of information on material individual intangible assets [Table] ..(1)

Goodwill on consolidation
Material individual intangible assets [Axis] Goodwill [Member] Computer software [Member]
subsidiaries [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of information on material
individual intangible assets
[Abstract]
Disclosure of information on
material individual intangible
assets [LineItems]
Carrying amount of material
2,11,73,728 13,48,902 2,11,73,728 13,48,902 50,63,056 65,88,512
intangible asset
64
Disclosure of additional information intangible assets [Table] ..(1)

Company total intangible assets Goodwill on consolidation
[Member] subsidiaries [Member]
Internally generated and other Internally generated and other Internally generated and other
Sub classes of intangible assets [Axis] than internally generated than internally generated than internally generated
intangible assets [Member] intangible assets [Member] intangible assets [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
intangible assets [LineItems]
Useful lives or amortization rates
NA NA NA NA NA NA
intangible assets
Description of amortization method
- - - - - -
used
Disclosure of additional information intangible assets [Table] ..(2)

Goodwill on consolidation
subsidiaries [Member]
Internally generated and other
Internally generated intangible Internally generated intangible
Sub classes of intangible assets [Axis] than internally generated
assets [Member] assets [Member]
intangible assets [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
intangible assets [LineItems]
Useful lives or amortization rates
over the life over the life NA NA 6.00 6.00
intangible assets
Description of amortization method Straight Line Straight line
Straight Line Value N/A - -
used Value method
[200400] Notes - Non-current investments

01/04/2017
to
31/03/2018
Disclosure of notes on non-current investments explanatory [TextBlock] [See below]
65
Disclosure of notes on non-current investments explanatory [Text Block]
Other non-current liabilities
As at As at
31-Mar-18
31-Mar-17
Deferred Government Grant
Balances at the beginning of the year 140,066,667 50,000,000
Add:- addition during the year 145,300,000 90,066,667
Less:- amortised during the year *

- -
Balances at the end of the year (A) 285,366,667 140,066,667
Others
Security deposit 675,000

-
Creditors for capital expenditure 1,227,960

-
(B) 1,902,960
-
(A+B) 287,269,627 140,066,667
*The amortization of grant to the Statement of profit & loss will commence
after the capitalization of fixed assets of Cremica Food Park Private Limited.
66
[200600] Notes - Subclassification and notes on liabilities and assets
Disclosure of breakup of provisions [Table] ..(1)

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
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 1,42,02,613 1,18,48,094 4,00,035 2,63,011
Provision leave encashment 80,43,522 61,27,906
Total provisions for employee benefits 1,42,02,613 1,18,48,094 84,43,557 63,90,917
CSR expenditure provision 0 0 0 0
Total provisions 1,42,02,613 1,18,48,094 84,43,557 63,90,917
Loans and advances [Table] ..(1)

Classification of loans and advances [Axis] Loans and advances [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Doubtful [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 27,27,51,466 39,51,97,382 38,91,630 21,64,087
Allowance for bad and doubtful loans and
0 0 38,91,630 21,64,087
advances
Loans and advances 27,27,51,466 39,51,97,382 0 0
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 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
which any director is partner
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director
67

Classification of loans and advances [Axis] Capital advances [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
0 0 19,25,703 1,98,160
advances
Loans and advances 10,16,35,435 12,72,28,466 0 0
[Abstract]
0 0 0 0
0 0 0 0
director

Loans and advances to related parties
Classification of loans and advances [Axis] Security deposits [Member]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Loans and advances, gross 6,39,20,527 7,71,76,735 5,95,13,789 5,38,38,026
0 0 0 0
advances
Loans and advances 6,39,20,527 7,71,76,735 5,95,13,789 5,38,38,026
[Abstract]
0 0 0 0
0 0 0 0
director
68

Loans advances given directors
Classification of loans and advances [Axis] Other loans and advances [Member]
[Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Loans and advances, gross 5,95,13,789 5,38,38,026 4,76,81,715 13,69,54,155
0 0 0 0
advances
Loans and advances 5,95,13,789 5,38,38,026 4,76,81,715 13,69,54,155
[Abstract]
0 0 0 0
0 0 0 0
director

Deposits with statutory authorities
Classification of loans and advances [Axis] Other loans and advances [Member]
[Member]
Classification of assets based on security [Axis] Doubtful [Member] Unsecured considered good [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Loans and advances, gross 19,65,927 19,65,927 4,62,59,212 50,31,652
19,65,927 19,65,927 0 0
advances
Loans and advances 0 0 4,62,59,212 50,31,652
[Abstract]
0 0 0 0
0 0 0 0
director
69

Classification of loans and advances [Axis] Claims recoverable [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Loans and advances, gross 14,22,503 31,32,503 19,65,927 19,65,927
0 0 19,65,927 19,65,927
advances
Loans and advances 14,22,503 31,32,503 0 0
[Abstract]
0 0 0 0
0 0 0 0
director

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
Other loans and advances, others
Classification of loans and advances [Axis] Loans and advances [Member]
[Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Loans and advances, gross 0 12,87,90,000 4,68,50,091 3,76,79,678
0 0 0 0
advances
Loans and advances 0 12,87,90,000 4,68,50,091 3,76,79,678
[Abstract]
0 0 0 0
0 0 0 0
director
70

Loans and advances to related parties
Classification of loans and advances [Axis] Security deposits [Member]
[Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Loans and advances, gross 0 3,60,000 1,87,501 0
0 0 0 0
advances
Loans and advances 0 3,60,000 1,87,501 0
[Abstract]
0 0 0 0
0 0 0 0
director

Loans advances given other related Loans advances value be received
Classification of loans and advances [Axis]
parties [Member] [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Loans and advances, gross 1,87,501 0 79,94,231 1,34,69,450
0 0 0 0
advances
Loans and advances 1,87,501 0 79,94,231 1,34,69,450
[Abstract]
0 0 0 0
0 0 0 0
director
71

Classification of loans and advances [Axis] Other loans and advances [Member] Prepaid expenses [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
0 0 0 0
advances
Loans and advances 3,86,68,359 2,38,50,228 67,28,732 66,82,620
[Abstract]
0 0 0 0
0 0 0 0
director

Classification of loans and advances [Axis] Advance tax [Member] Other advance taxes [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Loans and advances, gross 98,95,030 1,45,85,825 98,95,030 1,45,85,825
0 0 0 0
advances
Loans and advances 98,95,030 1,45,85,825 98,95,030 1,45,85,825
[Abstract]
0 0 0 0
0 0 0 0
director
72

Deposits with statutory authorities
Classification of loans and advances [Axis] MAT credit entitlement [Member]
[Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Loans and advances, gross 10,62,683 10,62,683 1,79,43,714 0
0 0 0 0
advances
Loans and advances 10,62,683 10,62,683 1,79,43,714 0
[Abstract]
0 0 0 0
0 0 0 0
director

Classification of loans and advances [Axis] Other deposit assets [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets [Abstract]
Loans and advances, gross 30,38,200 15,19,100
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 30,38,200 15,19,100
Details of loans and advances due by directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0
Loans and advances due by other officers 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 which any director is partner 0 0
Total loans and advances due by firms or companies in which any director
0 0
is partner or director
73
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[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 15,55,94,898 6,85,47,195 15,55,94,898 6,85,47,195
Allowance for bad and doubtful debts 0 0
Total trade receivables 15,55,94,898 6,85,47,195 15,55,94,898 6,85,47,195
Details of trade receivables due by
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member] Raw materials [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 27,72,48,766 36,29,24,661 19,08,70,706 28,40,48,862
Goods in transit 0 0
At Lower Cost And At Lower Cost And At Lower Cost And
At Lower Cost And
Mode of valuation Net Realisable Net Realisable Value Net Realisable
Net Realisable Value
Value Value

Classification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Inventories 95,80,434 1,58,49,125 7,21,81,046 8,52,18,662
At Lower Cost And At Lower Cost And At Lower Cost And
At Lower Cost And
Mode of valuation Net Realisable
Net Realisable Value
Net Realisable Net Realisable Value
Value Value
74

Classification of inventories [Axis] Stock-in-trade [Member] Stores and spares [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Inventories 77,53,286 0 1,97,04,084 2,11,01,208
At Lower Cost And At Lower Cost And At Lower Cost And At Lower Cost And
Mode of valuation Net Realisable Net Realisable Value Net Realisable Net Realisable Value
Value Value

Classification of inventories [Axis] Other inventories [Member] Other inventories, others [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Inventories -2,28,40,790 -4,32,93,196 (A) -2,28,40,790 (B) -4,32,93,196
Goods in transit 0 0 (C) 0 (D) 0
At Lower Cost And At Lower Cost And At Lower Cost And At Lower Cost And
Mode of valuation Net Realisable Net Realisable Value Net Realisable Net Realisable Value
Value Value
Provision for Provision for Provision for Provision for
Nature of other inventories obsolescence of obsolescence of obsolescence of obsolenscence of
inventory inventory inventory inventory
Footnotes
(A) Provision for obsolescence of inventory : -22840790
(B) Provision for obsolescence of inventory : -43293196
(C) Less: Provision for obsolescence of inventory : -22840790
(D) Less: Provision for obsolescence of inventory : -43293196
75

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term 0 0
Others long-term, others 28,72,69,627 14,00,66,667
Total others, long-term 28,72,69,627 14,00,66,667
Total other long-term liabilities (A) 28,72,69,627 (B) 14,00,66,667

Current maturities of long-term debt 6,46,92,701 3,48,33,363
Interest accrued but not due on borrowings 19,17,742 21,96,828
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
Public deposit payable, current 0 0
Total other payables, current 0 0
Short-term employee related liabilities 3,61,08,833 3,77,62,160
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others (C) 10,01,89,789 (D) 3,41,01,038
Total other current liabilities 20,29,09,065 10,88,93,389
Other non-current assets, others (E) 43,62,898 (F) 44,05,140

Total other non-current assets 43,62,898 44,05,140
Liquid Liquid
Nature of other non-current assets, others asset asset
At Lower Cost And Net
At Lower Cost And Net
Inventory cost formula used Realisable Value
Realisable
Value
Aggregate amount of trade receivables outstanding for period
0 0
exceeding six months
Fixed deposits with banks 0 0
Other balances with banks 1,92,46,009 9,96,28,600
Total balance with banks 1,92,46,009 9,96,28,600
Cash on hand 48,21,730 14,52,281
Total cash and cash equivalents 2,40,67,739 10,10,80,881
Other bank balances (G) 10,95,82,661 (H) 21,68,90,000

Total cash and bank balances 13,36,50,400 31,79,70,881
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 (I) 74,45,703 (J) 77,90,635

Total other current assets 74,45,703 77,90,635
76
Footnotes
(A) Other non-current liabilities : 287269627
(B) Other non-current liabilities : 140066667
(C) Payable in respect of purchase of fixed assets : 86283639 Statutory dues : 13906150 Others : 0
(D) Payable in respect of purchase of fixed assets : 13350938 Statutory dues : 20338100 Others : 412000
(E)
(F)
(G) Margin money deposit with banks* : 109362661 Deposits with remaining maturity for less than twelve months : 220000 : 0
(H) Margin money deposit with banks* : 82480000 Deposits with remaining maturity for less than twelve months : 134410000 : 0
(I) : 7445703
(J) : 7790635
[200700] Notes - Additional disclosures on balance sheet

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
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
Disclosure of whether all assets and liabilities are registered with
Yes Yes
company
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
Whether audit of cost records of company has been mandated
No No
under Rules specified in SN 1
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
77
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2017
to
31/03/2018
Disclosure of accounting policies, change in accounting policies and Textual information (24)
changes in estimates explanatory [TextBlock] [See below]
78
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
Corporate Information
Cremica Food Industries Limited (‘the Company’) and its subsidiaries are engaged in the business of manufacturing and distribution of ketchup,
various variants of sauces like mint sauce, tamarind sauce, bread spreads, mayonnaise etc and processing of food items. The Group is selling its
products in domestic markets and also export markets.
1. Basis of preparation
The Consolidated financial statements of the Group have been prepared in accordance with the generally accepted accounting principles in
India (Indian GAAP). The Group has prepared these financial statements to comply with all material respects with the accounting standards
notified under section 133 of the Companies Act, 2013, read together with paragraph 7 of the Companies (Accounts) Rules, 2014 and Companies
(Accounting Standards) Amendment Rules, 2016. The consolidated financial statements have been prepared on an accrual basis and under the
historical cost convention.
The accounting policies adopted in the preparation of consolidated financial statements are consistent with those of previous
year.
1.1 Principles of consolidation
The consolidated financial statements of the Group have been prepared on the following basis:
(i) The financial statements of the Company and its subsidiary companies are combined on a line a line basis by adding together the book
values of like items of assets, liabilities, income and expense, after fully eliminating intra-group balances and intra-group transactions in
accordance with Accounting Standard -21 – “Consolidated Financial Statements”.
(ii) The difference between the cost of investments in the subsidiaries and the Company’s share of net assets at the time of acquisition of shares
in the subsidiaries is recognised in the financial statements as Goodwill or capital reserve as the case may be.
(iii) As far as possible, the Consolidated Financial statements are prepared using uniform significant accounting policies for like transactions
and other events in similar circumstances.
(iv) The financial statements of the Company and its subsidiaries used in Consolidation are drawn up to same reporting date as followed by the
Company i.e. March 31, 2018 and in the same format as that adopted by the parent company for its separate financial statements.
79
(v) Minority interest’s share of net profit/ loss of consolidated subsidiaries for the year is identified and adjusted against the income of the
group in order to arrive at the net income attributable to the shareholders of the Company.
(vi) Minority interest’ share of net assets of consolidated subsidiaries is identified and presented in the consolidated balance sheet separately
from liabilities and the equity of the Company’s shareholders.
(vii) The Companies considered in the consolidated financial statements apart from parent company are as follows:
% of ownership % of ownership
Name of the Company/ Firm Country of incorporation
March 31, 2018 March 31, 2017
Cremica Food Park Private Limited 100% 42.76% India
Cremica Condiments Private Limited 100% 100% India
Cremica Him Valley Investment* NA 98% India
Cremica (UK) Limited 100% 100% United Kingdom
* Dissolved during the year ended on March 31, 2018.
(viii) The accounting policies adopted in the preparation of financial statements are consistent with those of previous year.
1.2 Summary of significant accounting policies
a. Use of estimates
The preparation of consolidatedfinancial statements are in conformity with Indian GAAP requires the management to make judgments,
estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, expenses and the disclosure of contingent liabilities at
the end of the year. Although these estimates are based on the management’s best knowledge of current events and actions, uncertainty about
these assumptions and estimates could result in the outcomes requiring a material adjustment to the carrying amounts of assets, liabilities, revenue
and expenses in future periods. Changes in estimates are reflected in the consolidatedfinancial statements in the period in which changes are made
and if material, their effects are disclosed in notes to accounts.
80
b. Property, plant and equipment
Property, plant and equipment, capital work in progress are stated at cost, net of accumulated depreciation and accumulated
impairment losses, if any. The cost comprises purchase price, borrowing costs if capitalization criteria are met, directly attributable cost of
bringing the asset to its working condition for the intended use and initial estimate of decommissioning, restoring and similar liabilities.
Any trade discounts and rebates are deducted in arriving at the purchase price. Such cost includes the cost of replacing part of the plant
and equipment. When significant parts of plant and equipment are required to be replaced at intervals, the Group depreciates them separately
based on their specific useful lives. Likewise, when a major inspection is performed, its cost is recognised in the carrying amount of the plant and
equipment as a replacement if the recognition criteria are satisfied. All other repair and maintenance costs are recognised in profit or loss as
incurred.
Items of stores and spares that meet the definition of plant, property and equipment are capitalized at cost and depreciated over their useful life.
Otherwise, such items are classified as inventories.
Gains or losses arising from derecognition of plant, property and equipment are measured as the difference between the net disposal proceeds and
the carrying amount of the asset and are recognized in the statement of profit and loss when the asset is derecognized.
The Group identifies and determines cost of each component/ part of the asset separately, if the component/ part has a cost which is significant to
the total cost of the asset and has useful life that is materially different from that of the remaining asset.
Plant, property and equipment held for sale is valued at lower of their carrying amount and net realizable value. Any write-down is recognized in
the statement of profit and loss.
c. Depreciation on property, plant and equipment
Leasehold land is amortized on a straight line basis over the period of lease.
Depreciation on property, plant and equipment is calculated on a straight-line basis using the rates arrived at, based on the useful lives
estimated by the management. The identified components are depreciated separately over their useful lives; the remaining components are
depreciated over the life of the principal asset. The Group has used the following rates to provide depreciation on its plant, property and
equipment:
Indicative useful Life as per Schedule II

Estimated useful Life
Particulars
Factory building 30 30
Plant and Machinery (except ii below) 15 15
Furniture and fixtures 10 10
Vehicles 8 8
Office equipment 5 5
Computer 3 3
i. The residual values, useful lives and methods of depreciation of property, plant and equipment are reviewed at each financial
year end and adjusted prospectively, if appropriate.
81
ii. The management has estimated a useful life of crates, pallets and cylinders capitalised in plant and machinery as three years.
iii. Depreciation on asset purchased during the year up to Rs. 5,000 is provided 100%.
d.Intangible Assets
Intangible assets acquired separately are measured on initial recognition at cost. Following initial recognition, intangible assets are
carried at cost less accumulated amortization and accumulated impairment losses, if any. Internally generated intangible assets, excluding
capitalized development costs, are not capitalized and expenditure is reflected in the statement of profit and loss in the year in which the
expenditure is incurred.
Intangible assets are amortized on a straight line basis over the estimated useful economic life.
Intangible Assets Estimated Useful Life (Years)
Computer Software Over the estimated economic useful lives i.e. 6 years
The amortization period and the amortization method are reviewed at least at each financial year end. If the expected useful life of the
asset is significantly different from previous estimates, the amortization period is changed accordingly. If there has been a significant change in
the expected pattern of economic benefits from the asset, the amortization method is changed to reflect the changed pattern. Such changes are
accounted for in accordance with AS 5 Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies.
Gains or losses arising from de-recognition of an intangible asset are measured as the difference between the net disposal proceeds and
the carrying amount of the asset and are recognized in the statement of profit and loss when the asset is derecognized.
e. Leases
Operating Lease
Where the Group is lessee
Finance leases, which effectively transfer to the Group substantially all the risks and benefits incidental to ownership of the leased
item, are capitalized at the inception of the lease term at the lower of the fair value of the leased property and present value of minimum lease
payments. Lease payments are apportioned between the finance charges and reduction of the lease liability so as to achieve a constant rate of
interest on the remaining balance of the liability. Finance charges are recognized as finance costs in the statement of profit and loss. Lease
management fees, legal charges and other initial direct costs of lease are capitalized.
A leased asset is depreciated on a straight-line basis over the useful life of the asset. However, if there is no reasonable certainty that
the Group will obtain the ownership by the end of the lease term, the capitalized asset is depreciated on a straight-line basis over the shorter of the
estimated useful life of the asset or the lease term.
Leases, where the lessor effectively retains substantially all the risks and benefits of ownership of the leased item are classified as
operating leases. Operating lease payments are recognized as an expense in the statement of profit and loss on a straight-line basis over the lease
82
term.
f. Borrowing costs
Borrowing cost includes interest, amortization of ancillary costs incurred in connection with the arrangement of borrowings.Borrowing costs
directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready for its
intended use or sale are capitalized as part of the cost of the respective asset. All other borrowing costs are expensed in the period they occur.
g. Impairment of fixed assets
The Group assesses at each reporting date whether there is an indication that an asset may be impaired. If any indication exists, or when annual
impairment testing for an asset is required, the Group estimates the asset's recoverable amount. An asset's recoverable amount is the higher of an
asset's or cash-generating units (CGU) net selling price and its value in use. The recoverable amount is determined for an individual asset, unless
the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. Where the carrying amount of
an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. In assessing
value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market
assessments of the time value of money and the risks specific to the asset. In determining net selling price, recent market transactions are taken
into account, if available. If no such transactions can be identified, an appropriate valuation model is used.
Impairment losses of continuing operations, including impairment on inventories, are recognized in the statement of profit and loss.
After impairment, depreciation is provided on the revised carrying amount of the asset over its remaining useful life.
An assessment is made at each reporting date as to whether there is any indication that previously recognized impairment losses may no longer
exist or may have decreased. If such indication exists, the Group estimates the asset’s or cash-generating unit’s recoverable amount. A previously
recognized impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s recoverable amount since
the last impairment loss was recognized. The reversal is limited so that the carrying amount of the asset does not exceed its recoverable amount,
nor exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset in
prior years. Such reversal is recognized in the statement of profit and loss.
h. Investments
Investments, which are readily realizable and intended to be held for not more than one year from the date on which such investments
are made, are classified as current investments. All other investments are classified as long-term investments.
On initial recognition, all investments are measured at cost. The cost comprises purchase price and directly attributable acquisition
charges such as brokerage, fees and duties. If an investment is acquired, or partly acquired, by the issue of shares or other securities, the
acquisition cost is the fair value of the securities issued. If an investment is acquired in exchange for another asset, the acquisition is determined
by reference to the fair value of the asset given up or by reference to the fair value of the investment acquired, whichever is more clearly evident.
Current investments are carried in the consolidatedfinancial statements at lower of cost and fair value determined on an individual
investment basis. Long-term investments are carried at cost. However, provision for diminution in value is made to recognize a decline other than
temporary in the value of the investments.
On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the statement of
profit and loss.
i. Inventories
Inventories are valued as follows:
Lower of cost and net realizable value. However, materials and other items held for use in the
production of inventories are not written down below cost if the finished products in which they
will be incorporated are expected to be sold at or above cost.
Raw materials and components, Stores and
spares (including packing materials) Cost is determined on a weighted average basis.
83
Stores and spares which do not meet the definition of plant, property and equipment are
accounted as inventories.
Lower of cost and net realizable value. Cost of Finished goods and Work-in-progress includes
direct materials, labour and a proportion of manufacturing overheads based on normal operating
Finished goods and Work-in-progress
capacity. Cost is determined on weighted average basis. Cost of finished goods includes excise
duty.
Scrap At net realizable value.
Net realizable value is the estimated selling

price in the ordinary course of business, less
estimated costs of completion and to make the
sale.
j. Revenuerecognition and other income
Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be
reliably measured. The following specific recognition criteria must also be met before revenue is recognized:
Sale of goods
Revenue from sale of Goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer
usually on delivery of Goods to the customer. The Group collects goods and service tax (GST) sales taxes and value added taxes (VAT) on behalf
of the government and, therefore, these are not economic benefits flowing to the Group. Hence, they are excluded from revenue. Gross Sales is
inclusive of excise duty paid on such sales. Excise duty deducted from revenue (gross) is the amount that is included in the revenue (gross) and
not the entire amount of liability arising during the year.
Interest
Interest income is recognized on a time proportion basis taking into account the amount outstanding and the applicable interest rate.
Interest income is included under the head “other income” in the statement of profit and loss.
Dividends
Dividend income is recognized when the Group’s right to receive dividend is established by the reporting date.
Export incentives
Export incentives are recognised in the statement of profit and loss when the right to receive credit as per the terms of the scheme is established in
respect of export made.
k. Foreign currency translation
i. Initial Recognition
Foreign currency transactions are recorded in the reporting currency, by applying to the foreign currency amount the exchange rate between the
reporting currency and the foreign currency at the date of the transaction.
ii. Conversion
84
Foreign currency monetary items are retranslated using the exchange rate prevailing at the reporting date. Non-monetary items, which are
measured in terms of historical cost denominated in a foreign currency, are reported using the exchange rate at the date of the transaction.
Non-monetary items, which are measured at fair value or other similar valuation denominated in a foreign currency, are translated using the
exchange rate at the date when such value was determined.
iii. Exchange differences
Exchange differences arising on the settlement of monetary items or on reinstatement of monetary items at rates different from those at which
they were initially recorded during the year, or reported in previous consolidatedfinancial statements, are recognised as income or as expenses in
the year in which they arise.
l. Retirement and other Employee Benefits
Retirement benefit in the form of provident fund is a defined contribution scheme. The Group has no obligation, other than the contribution
payable to the provident fund. The Group recognizes contribution payable to the provident fund scheme as expenditure, when an employee
renders the related service. If the contribution payable to the scheme for service received before the balance sheet date exceeds the contribution
already paid, the deficit payable to the scheme is recognized as a liability after deducting the contribution already paid. If the contribution already
paid exceeds the contribution due for services received before the balance sheet date, then excess is recognized as an asset to the extent that the
pre-payment will lead to, for example, a reduction in future payment or a cash refund.
The Group operates two defined benefit plans for its employees, viz., gratuity. The costs of providing benefits under these plans are determined
on the basis of actuarial valuation at each year-end. Separate actuarial valuation is carried out for each plan using the projected unit credit method.
Actuarial gains and losses for both defined benefit plans are recognized in full in the period in which they occur in the statement of profit and
loss.
Accumulated leave, which is expected to be utilized within the next 12 months, is treated as short-term employee benefit. The Group measures
the expected cost of such absences as the additional amount that it expects to pay as a result of the unused entitlement that has accumulated at the
reporting date.
The Group treats accumulated leave expected to be carried forward beyond twelve months, as long-term employee benefit for measurement
purposes. Such long-term compensated absences are provided for based on the actuarial valuation using the projected unit credit method at the
year-end. Actuarial gains/losses are immediately taken to the statement of profit and loss and are not deferred. The Group presents the leave as a
current liability in the balance sheet, to the extent it does not have an unconditional right to defer its settlement for 12 months after the reporting
date.
m. Income Taxes
Tax expense comprises current and deferred tax. Current income-tax is measured at the amount expected to be paid to the tax authorities in
accordance with the Income-tax Act, 1961 enacted in India. The tax rates and tax laws used to compute the amount are those that are enacted or
substantively enacted, at the reporting date. Current income tax relating to items recognized directly in equity is recognized in equity and not in
the statement of profit and loss.
Deferred income taxes reflect the impact of timing differences between taxable income and accounting income originating during the current year
and reversal of timing differences for the earlier years. Deferred tax is measured using the tax rates and the tax laws enacted or substantively
enacted at the reporting date. Deferred income tax relating to items recognized directly in equity is recognized in equity and not in the statement
of profit and loss.
Deferred tax liabilities are recognized for all taxable timing differences. Deferred tax assets are recognized for deductible timing
differences only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred
tax assets can be realized. In situations where the Group has unabsorbed depreciation or carry forward tax losses, all deferred tax assets are
recognized only if there is virtual certainty supported by convincing evidence that they can be realized against future taxable profits.
At each reporting date, the Group re-assesses unrecognized deferred tax assets. It recognizes unrecognized deferred tax asset to the extent that it
has become reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which such
deferred tax assets can be realized.
The carrying amount of deferred tax assets are reviewed at each reporting date. The Group writes-down the carrying amount of deferred tax asset
to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available
85
against which deferred tax assets can be realized. Any such write-down is reversed to the extent that it becomes reasonably certain or virtually
certain, as the case may be, that sufficient future taxable income will be available.
Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set-off current tax assets against current tax
liabilities and the deferred tax assets and deferred taxes relate to the same taxable entity and the same taxation authority.
n. Segment reporting
Identification of segments
The Holding Company’s operations predominantly relate to one business segment of manufacturing and distribution of ketchup and other various
variants of sauces like mint sauce, tamarind sauces bread spread, mayonnaise etc. where risk and returns are not at variance. Thus there is no
reportable segment as per accounting slandered (AS-17) “Segment Reporting”.
Segment accounting policies
The analysis of geographical segment is based on the geographical locations of the customers i.e., customers located within India and customers
located outside India.
o. Earnings per share
Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders (after deducting
preference dividends and attributable taxes) by the weighted average number of equity shares outstanding during the period.
For the purpose of calculating diluted earnings per equity share, the net profit or loss for the period attributable to equity shareholders and the
weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.
p. Provisions
A provision is recognised when an enterprise has a present obligation as a result of past event and it is probable that an outflow of resources will
be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are not discounted to its present
value and are determined based on best management estimate required to settle the obligation at the balance sheet date. These are reviewed at
each balance sheet date and adjusted to reflect the current best management estimates.
q. Contingent liabilities
A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence
of one or more uncertain future events beyond the control of the Group or a present obligation that is not recognized because it is not probable
that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a
liability that cannot be recognized because it cannot be measured reliably. The Group does not recognize a contingent liability but discloses its
existence in the consolidatedfinancial statements.
r. Cash and Cash equivalents
Cash and cash equivalents in the cash flow statement comprise cash at bank and in hand and short- term investments with an original maturity of
three months or less.
s. Government grant
Grants and subsidies from the government are recognized when there is reasonable assurance that (i) the Group will comply with the conditions
attached to them, and (ii) the grant/subsidy will be received.
When the grant or subsidy relates to revenue, it is recognized as income on a systematic basis in the statement of profit and loss over the periods
86
necessary to match them with the related costs, which they are intended to compensate. Where the grant relates to an asset, it is recognized as
deferred income and released to income in equal amounts over the expected useful life of the related asset.
t. Measurement of EBITDA
As permitted by the Guidance Note on the Revised Schedule VI to the Companies Act, 1956, the Group has elected to present earnings before
interest, tax, depreciation and amortization (EBITDA) as a separate line item on the face of the statement of profit and loss. The Group measures
EBITDA on the basis of profit/ (loss) from continuing operations. In its measurement, the Group does not include depreciation and amortization
expense, interest income, finance costs and tax expense.
[201700] Notes - Government grants

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
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
87
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] 1 2
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of relationship and transactions between
related parties [Abstract]
related parties [LineItems]
AKSHAY SURENDRA SURENDRA
Name of related party AKSHAY BECTOR
BECTOR KHEMKA KHEMKA
Country of incorporation or residence of related
INDIA INDIA INDIA INDIA
party
Permanent account number of related party ABJPB4769K ABJPB4769K ABQPK8304C ABQPK8304C
Key Management Key Management Key Management
Description of nature of related party relationship Key Management Personnel
Personnel Personnel Personnel
Investment purchase, Rent paid
,Loan given,Loan repaid,Interest
income on loan,Managerial T e x t u a l
Description of nature of transactions with related managerial managerial
Remuneration,Balance information (25)
party remuneration remuneration
payable,Balance [See below]
receivable,Security Deposit
receivable,Loan payable
Related party transactions [Abstract]
Sales of tangible assets related party
1,50,000
transactions
Advances given during year related party
1,12,10,000
transactions
Interest received during year related party
11,40,133
transactions
Other related party transactions expense (A) 89,80,000
Other related party transactions income 96,60,000
Other related party transactions contribution
5,38,38,026
made
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 1,34,40,000 63,60,550
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions (B) 2,31,05,207
Amounts receivable related party transactions (C) 18,37,68,159
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
Footnotes
(A) trademark fees-2200000 rent paid-8760000
(B) balance payable-13445207 loan payable-9660000
(C) loan receivable-54978159 interest free advances receivable-128790000
88

01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
AKHILESH
Name of related party GEETA BACTOR GEETA BACTOR
BECTOR
SAMAIRA BECTOR

party
Permanent account number of related party ABVPB3164E ABVPB3164E ASBPB8038J ABKPB0047M
Relatives of Key Relatives of Key
Key Management Key Management
Description of nature of related party relationship Personnel Personnel
management management
personnel personnel
Rent paid,
Rent paid, managerial
managerial
Description of nature of transactions with related remuneration,director Salary paid,balance
remuneration,director Sale of fixed asset
party sitting fee, balance payable
sitting fee, balance
payable
payable
Sales of tangible assets related party
1,50,000 70,50,000
transactions
Other related party transactions expense (A) 88,05,000
[Abstract]
Remuneration for key managerial personnel 48,00,000 0
0 0 0 0
0 0 0 0
Footnotes
(A) rent paid-8760000 director sitting fee-45000
89

01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
AKHILESH PARIMEYA COMMERCE S A N A
Name of related party SANA BECTOR
BECTOR PRIVATE LIMITED BECTOR
party
Permanent account number of related party BMMPB9291H ASBPB8038J BMMPB9291H
CIN of related party U65100DL2015PTC283326
Enterprises which are owned, or
Relatives of
Relatives of Key Relatives of Key have significant influence of or
K e y
Description of nature of related party relationship management management are partners with Key
management
personnel personnel management personnel and
personnel
their relatives
Salary paid,
Description of nature of transactions with related Salary paid,balance Rent paid ,Security deposit
Salary paid balance
party payable receivable
receivable
Other related party transactions expense 24,00,000 26,88,000
[Abstract]
Remuneration for key managerial personnel 0 0
Amounts payable related party transactions 3,02,191
Amounts receivable related party transactions 5,000
0 0 0 0
0 0 0 0
90

01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
AKSHAY ROBIN IDEAL LAPIDARY PRIVATE
Name of related party BECTOR HUF
IDEAL COMMERCE LTD
VIJAN LIMITED
party
Permanent account number of related party AABHA1049L AJKPV7361A
CIN of related party U74999GJ1993PLC019033 U36911RJ2007PTC023677
Enterprises which
are owned, or have Enterprises which are
significant owned, or have significant Enterprises which are owned, or
K e y
influence of or are influence of or are partners have significant influence of or are
Description of nature of related party relationship partners with Key with Key management
Management
partners with Key management
Personnel
management personnel and their personnel and their relatives
personnel and their relatives
relatives
Description of nature of transactions with related managerial Professional charges, balance
Rent paid Professional charges
party remuneration payable
Other related party transactions expense (A) 8,25,000 (B) 9,75,000
[Abstract]
Amounts payable related party transactions 41,04,565
0 0 0 0
0 0 0 0
Footnotes
(A) professional charges
(B) professional charges
91

01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
RAJESH SUBH LABH PRIME
RISHI NATH PARIMEYA COMMERCE
Name of related party KHANNA PRIVATE LIMITED
KUMAR ADVISORS PRIVATE
SRIVASTAVA LIMITED
party
Permanent account number of related party AAIPK7925L ANOPS8245A
CIN of related party U65100DL2015PTC283326 U74140RJ2010PTC032928
Enterprises which are owned, or Enterprises which are owned, or
K e y have significant influence of or K e y have significant influence of or
Description of nature of related party relationship Management are partners with Key Management are partners with Key
Personnel management personnel and their Personnel management personnel and their
relatives relatives
Director
Description of nature of transactions with related sitting Director sitting
Rent paid, security deposit paid professional charges
party fee,balance fee
payable
Other related party transactions expense (A) 2,16,16,667 (B) 7,54,000
[Abstract]
0 0 0 0
0 0 0 0
Footnotes
(A) rent paid-1616667 security deposit paid-20000000
92

01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
DHARAMIR RAJNI CREMICA FROZEN FOODS
Name of related party BECTOR
AKSHAY BECTOR HUF
BECTOR LIMITED
party
Permanent account number of related party ABXPB2850P AABHA1049L ABKPB0071B
CIN of related party U15205PB1997PLC020826
Enterprises which are owned, Enterprises which are owned, or
Relatives of Relatives of
or have significant influence of have significant influence of or
K e y K e y
Description of nature of related party relationship management
or are partners with Key
management
are partners with Key
management personnel and management personnel and their
personnel personnel
their relatives relatives
Description of nature of transactions with related
Salary paid Rent paid Salary paid Balance receivable
party
Other related party transactions expense (A) 18,00,000 (B) 24,00,000
[Abstract]
0 0 0 0
0 0 0 0
Footnotes
(A) rent paid

Categories of related parties [Axis] 13 14 15
01/04/2017 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2017 31/03/2017
CREMICA FROZEN FOODS R O B I N RISHI NATH RAJESH KUMAR
Name of related party LIMITED VIJAN KHANNA SRIVASTAVA
party
Permanent account number of related party AJKPV7361A AAIPK7925L ANOPS8245A
CIN of related party U15205PB1997PLC020826
Enterprises which are owned, or
K e y
have significant influence of or are Key Management Key Management
Description of nature of related party relationship partners with Key management
Management
Personnel Personnel
Personnel
personnel and their relatives
Description of nature of transactions with related managerial
Balance receivable Director sitting fee Director sitting fee
party remuneration
[Abstract]
Remuneration for key managerial personnel 11,31,245
0 0 0 0
0 0 0 0
93

01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Disclosure of relationship and transactions between related parties [Abstract]
Disclosure of relationship and transactions between related parties [LineItems]
DHARAMIR
Name of related party BECTOR
RAJNI BECTOR
Country of incorporation or residence of related party INDIA INDIA

Permanent account number of related party ABXPB2850P ABKPB0071B
Relatives of Key Relatives of Key
Description of nature of related party relationship management management
personnel personnel
Description of nature of transactions with related party Professional charges Professional charges
Amount written off during period in respect of debts due from related parties 0 0
Amount written back during period in respect of debts due to related parties 0 0

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
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
Description of nature of transactions with related party

Investment sold , Rent paid,Trademark fees, Loan given,Loan repaid, Unsecured loan taken, Advance received back, Interest income on loan
given, Managerial remuneration, Sale of fixed asset, balance payable, loan receivable, Interest free advances receivable, loan payable
[201400] Notes - Leases

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of leases explanatory [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa
[300300] Notes - Earnings per share

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of earnings per share explanatory [TextBlock] [See below]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Profit (loss) for period -30,84,997 -30,05,02,815
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Profit (loss) for period -30,84,997 -30,05,02,815
94
Disclosure of earnings per share explanatory [Text Block]
For the
year For the year
ended ended March
March 31, 31, 2017
2018
Basic earning per share
Loss for the year -3,084,997 -300,502,815
Weighted average number of shares of equity shares in calculating basic EPS * 5,776,760 5,776,760
Earning per share - Basic -0.53 -52.02
Basic earning per share
Loss for the year -3,084,997 -300,502,815
Weighted average number of shares of equity shares in calculating diluted EPS * 7,589,629 7,256,856
Earning per share - Diluted** -0.41 -41.41
* Since the number of equity shares are dependent on the agreed valuation methodology, each preference share
has been considered to be convertible at par i.e. INR 10 for the purpose of calculation of diluted EPS.
** Since diluted earning per share is increased when taking the compulsory convertible preference share into
account i.e. from Rs. (0.53) t0 (0.41) [March 31, 2017 Rs. (52.02) to Rs. (41.41)], the Compulsory convertible
preference shares are anti-dilutive and are ignored in the calculation of diluted earning per share. Therefore
diluted earning per share is Rs. (0.53) [March 31, 2017 Rs. (52.02)].
95
[201900] Notes - Income taxes

01/04/2017
to 31/03/2017
31/03/2018
Disclosure of notes on income taxes explanatory [TextBlock] [See below]
Disclosure of breakup of deferred tax assets and deferred tax liabilities
[Abstract]
Components of deferred tax assets [Abstract]
Deferred tax asset, expenditure disallowances 68,73,729 80,77,979
Deferred tax asset, provision doubtful debts 1,60,28,116 1,62,86,237
Deferred tax asset, unabsorbed depreciation 0 13,59,342
Deferred tax asset, other 2,46,660 58,46,269
Total deferred tax assets 2,31,48,505 3,15,69,827
Components of deferred tax liabilities [Abstract]
Deferred tax liability, depreciation -2,31,11,678 -2,99,32,489
Total deferred tax liabilities -2,31,11,678 -2,99,32,489
96
Disclosure of notes on income taxes explanatory [Text Block]
Deferred tax assets/ liability (net)
As at
As at March
March 31,
31, 2018
2017
Deferred tax liability
Impact of difference between Income tax depreciation and depreciation/amortization charged for financial
-23,111,678 -29,932,489
reporting
Gross deferred tax liability -23,111,678 -29,932,489
Deferred tax asset
Impact of expenditure charged to the statement of profit and loss in the current year but allowable for tax
6,873,729 8,077,979
purposes on payment basis
Provision for bad and doubtful advances and debts 16,028,116 16,286,237
Provision for obsolence of inventory* 246,660 5,846,269
Unabsorbed depreciation and business loss as per Income Tax Act, 1961* 1,359,342
-
Gross deferred tax asset 23,148,505 31,569,827
Net deferred tax asset 36,827 1,637,338
* During the year, the Group has reassessed the recognition of deferred tax asset on unabsorbed depreciation
and business losses and other timing differences as per reasonable certainty and virtual certainty principle as
required by Accounting Standard 22, on Accounting for Taxes on Income, issued by the Institute of
Chartered Accountants of India and accordingly recognised deferred tax assets to the extent of deferred tax
liabilities.
97
[202600] Notes - Consolidated financial statements
Disclosure of details of subsidiaries [Table] ..(1)

Subsidiaries [Axis] 1 2
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries [LineItems]
Cremica Food Park Cremica Condiments
Name of subsidiary consolidated Private limited Private Limited
Country of incorporation or residence of subsidiary consolidated INDIA INDIA
Proportion of ownership interest in subsidiary consolidated 42.76% 100.00%
Proportion of voting power held in subsidiary consolidated 42.76% 100.00%
Description of nature of relationship with subsidiary where parent has Control of board of
NA
directly or indirectly less than half of voting power directors
End of reporting period of financial statements of subsidiary when different from
31/03/2018 31/03/2018
parent
Disclosure of details of entities consolidated [Table] ..(1)

Entities consolidated [Axis] 1 2
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
Disclosure of additional information consolidated financial statements [Abstract]
Disclosure of additional information consolidated financial statements [LineItems]
Cremica food park Cremica Condiments
Name of entity consolidated private limited Private Limited
Type of entity consolidated Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated 18,62,69,686 47,552
Net assets of entity as percentage of consolidated net assets 36.37% 0.01%
Amount of share in profit or loss of entity consolidated -3,13,88,240 -24,450
Share in profit or loss of entity as percentage of consolidated profit or loss 166.63% 0.13%

01/04/2017
to
31/03/2018
Disclosure of notes on consolidated financial statements explanatory
[TextBlock]
Whether consolidated financial statements is applicable on company Yes
N o t
Description of reason for not consolidating subsidiary applicable
Uniform accounting
Description of fact that uniform accounting policies are not adopted for
policy are
consolidated financial statements adopted
Proportion of items in consolidated financial statements to which
0.00%
different accounting policies have been applied
Disclosure of details of subsidiaries explanatory [TextBlock]
Disclosure of additional information consolidated financial statements
[TextBlock]
98
[202700] Notes - Cash flow statements

01/04/2017 01/04/2016
to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 2,40,67,739 10,10,80,881 80,56,771
Total cash and cash equivalents 2,40,67,739 10,10,80,881
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities -46,90,795 -19,19,507
Total income taxes paid (refund) -46,90,795 -19,19,507
99
[100200] Statement of profit and loss

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
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 232,98,22,256 200,41,71,190
Revenue from sale of services 0 0
Excise duty 1,60,82,026 5,95,62,765
Total revenue from operations other than finance company 231,37,40,230 194,46,08,425
Total revenue from operations 231,37,40,230 194,46,08,425
Other income (A) 3,77,51,726 (B) 3,86,93,702

Total revenue 235,14,91,956 198,33,02,127
Expenses [Abstract]
Cost of materials consumed 124,75,24,291 114,58,25,775
Purchases of stock-in-trade 1,52,65,404 0
Changes in inventories of finished goods, work-in-progress and
61,68,302 -2,36,10,882
stock-in-trade
Employee benefit expense 35,78,82,190 35,42,56,105
Finance costs 6,59,67,733 6,90,73,786
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 4,83,44,432 7,03,73,884
Amortisation expense 15,25,456 15,16,542
Total depreciation, depletion and amortisation expense 4,98,69,888 7,18,90,426
CSR expenditure 0 0
Other expenses 61,46,73,633 59,83,04,881
Total expenses 235,73,51,441 221,57,40,091
Total profit before prior period items, exceptional items, extraordinary
-58,59,485 -23,24,37,964
items and tax
Prior period items before tax (C) -1,13,76,564 (D) -6,06,05,254
Total profit before extraordinary items and tax -1,72,36,049 -29,30,43,218
Total profit before tax -1,72,36,049 -29,30,43,218
Tax expense [Abstract]
Deferred tax 16,00,513 97,14,046
Total tax expense 16,00,513 97,14,046
Total profit (loss) for period from continuing operations -1,88,36,562 -30,27,57,264
Total profit (loss) for period before minority interest -1,88,36,562 -30,27,57,264
Profit (loss) of minority interest 1,57,51,565 22,54,449
Total profit (loss) for period -30,84,997 -30,05,02,815
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] -0.53 [INR/shares] -52.02
Diluted earnings per equity share [INR/shares] -0.53 [INR/shares] -52.02
Footnotes
(A) Other income : 18783113 Interest Income : 18968613
(B) Other income : 21762348 Interest Income : 16931354
(C) : 0 Prior period expenses : -11376564 Prior Period Income : 0
(D) : 0 Prior period expenses : -63887004 Prior Period Income : 3281750
100
[300500] Notes - Subclassification and notes on income and expenses

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
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 232,98,22,256 200,41,71,190
Total revenue from sale of products 232,98,22,256 200,41,71,190
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 current investments [Abstract]
Interest on fixed deposits, current investments 1,22,50,098 1,49,72,363
Interest on other current investments 67,18,515 19,58,991
Total interest income on current investments 1,89,68,613 1,69,31,354
Total interest income 1,89,68,613 1,69,31,354
Dividend income [Abstract]
Total dividend income 0 0
Net gain/loss on sale of investments [Abstract]
Net gain/loss on sale of long-term investments 0 1,28,713
Total net gain/loss on sale of investments 0 1,28,713
Other non-operating income [Abstract]
Net gain/loss on foreign currency fluctuations treated as other
31,480 0
income
Income export incentives 10,70,086 11,94,179
Income insurance claims 5,43,580 0
Excess provisions written back 1,12,09,795 1,57,11,651
Miscellaneous other non-operating income (A) 59,28,172 (B) 47,27,805

Total other non-operating income 1,87,83,113 2,16,33,635
Total other income (C) 3,77,51,726 (D) 3,86,93,702

Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense long-term loans [Abstract]
Interest expense long-term loans, banks 14,91,016 13,76,442
Total interest expense long-term loans 14,91,016 13,76,442
Interest expense short-term loans [Abstract]
Interest expense short-term loans, banks 4,62,05,569 4,70,07,441
Total interest expense short-term loans 4,62,05,569 4,70,07,441
Interest expense borrowings 1,45,51,530 1,70,30,632
Total interest expense 6,22,48,115 6,54,14,515
Other borrowing costs 37,19,618 36,59,271
Total finance costs 6,59,67,733 6,90,73,786
Employee benefit expense [Abstract]
Salaries and wages 33,51,60,347 33,06,20,490
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Total managerial remuneration 0 0
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 1,64,59,406 1,54,16,089
Total contribution to provident and other funds 1,64,59,406 1,54,16,089
Gratuity 35,08,962 54,69,198
Staff welfare expense 27,53,475 27,50,328
Total employee benefit expense 35,78,82,190 35,42,56,105
Breakup of other expenses [Abstract]
101
Consumption of stores and spare parts 1,76,02,957 1,34,44,732

Power and fuel 3,00,67,500 2,85,22,391
Rent 3,53,30,724 2,64,80,987
Repairs to building 23,84,996 19,64,109
Repairs to machinery 1,87,09,942 1,49,95,132
Insurance 68,19,402 58,21,933
Rates and taxes excluding taxes on income [Abstract]
Central excise duty -4,73,298 4,73,298
Other cess taxes 42,87,565 1,38,73,809
Total rates and taxes excluding taxes on income 38,14,267 1,43,47,107
Telephone postage 71,72,513 84,80,562
Printing stationery 8,72,230 13,01,075
Travelling conveyance 7,46,48,107 7,49,35,759
Legal professional charges 1,06,20,867 4,90,26,980
Directors sitting fees 0 0
Advertising promotional expenses 6,10,30,628 3,46,36,517
Cost transportation [Abstract]
Cost freight 9,61,69,493 7,63,66,891
Cost other transporting (E) 1,93,06,613 (F) 1,88,05,215

Total cost transportation 11,54,76,106 9,51,72,106
Provision bad doubtful debts created 1,28,98,622 12,70,648
Provision bad doubtful loans advances created 1,70,25,304 2,38,10,068
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off 0 0
Fixed assets written off 10,03,522 6,46,030
Inventories written off 0 2,55,49,861
Bad debts written off 0 0
Bad debts advances written off 0 0
Total write-off assets 10,03,522 2,61,95,891
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
0 0
tangible asset
Payments to auditor [Abstract]
Payment for audit services 29,73,900 20,51,000
Payment for other services 6,74,852 0
Payment for reimbursement of expenses 2,35,950 1,01,640
Total payments to auditor 38,84,702 21,52,640
Miscellaneous expenses (G) 19,53,11,244 (H) 17,57,46,244

Total other expenses 61,46,73,633 59,83,04,881
Footnotes
(A) Other Income : 2017801 Waste sales : 3910371
(B) Other Income : 32000 Waste sales : 4695805
(C) Other income : 18783113 Interest Income : 18968613
(D) Other income : 21762348 Interest Income : 16931354
(E) Carriage and forwarding charges : 19306613
(F) Carriage and forwarding charges : 18805215
(G) Discount, damage and expiry claims : 145371384 Job-work charges : 17021884 Loss on foreign exchange fluctuations (net) : 0
Miscellaneous expenses : 29690331 Others : 3227645
(H) Discount, damage and expiry claims : 119916190 Job-work charges : 33916648 Loss on foreign exchange fluctuations (net) : 28839
Miscellaneous expenses : 18548029 Others : 3336538
102
[300600] Notes - Additional information statement of profit and loss

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Additional information on profit and loss account explanatory [TextBlock]
Changes in inventories of finished goods (A) 76,52,897 (B) -1,68,22,690
Changes in inventories of work-in-progress 62,68,691 -67,88,192
Changes in inventories of stock-in-trade -77,53,286 0
Total changes in inventories of finished goods, work-in-progress and
61,68,302 -2,36,10,882
stock-in-trade
Prior period income before tax 0 32,81,750
Prior period expense before tax 1,13,76,564 6,38,87,004
Total prior period items before tax (C) -1,13,76,564 (D) -6,06,05,254
Total prior period items after tax -1,13,76,564 -6,06,05,254
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 231,81,15,386 200,41,71,190
Domestic sale traded goods 1,17,06,870 0
Total domestic turnover goods, gross 232,98,22,256 200,41,71,190
Total revenue from sale of products 232,98,22,256 200,41,71,190
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
Footnotes
(A) Finished goods : 13037616 Provision against closing inventory : -5384719
(B) Finished goods : -16822690 Provision against closing inventory : 0
(C) : 0 Prior period expenses : -11376564 Prior Period Income : 0
(D) : 0 Prior period expenses : -63887004 Prior Period Income : 3281750
[300100] Notes - Revenue

01/04/2017
to
31/03/2018
Disclosure of revenue explanatory [TextBlock] [See below]
103
Disclosure of revenue explanatory [Text Block]
Revenue from operations
For the year

For the year ended
ended March
March 31, 2017
31, 2018
Sale of Products
Finished goods 2,318,115,386 2,004,171,190
Traded Goods 11,706,870

-
Revenue from operations (gross) 2,329,822,256 2,004,171,190
Less: Excise duty collected on sales* -16,082,026 -59,562,765
Revenue from operations (Net) 2,313,740,230 1,944,608,425
*Excise duty on sales amounting to Rs. 16,082,026 (March 31, 2017 Rs. 59,562,765) has been reduced
from sales in statement of profit and loss and excise duty on increase/decrease in stock amounting to
Rs. (473,298) (March 31, 2017 Rs. 473,298) has been considered as (income)/expense in Note 23 of
financial statement.
Revenue from operations for periods up to 30 June 2017 includes excise duty. From 1 July 2017
onwards the excise duty and most indirect taxes in India have been replaced by Goods and Service Tax
(GST). The company collects GST on behalf of the Government. Hence, GST is not included in
Revenue from operations. In view of the aforesaid change in indirect taxes, Revenue from operations
year ended 31 March 2018 is not with comparable 31 March 2017.
Details of finished goods sold:
For the year

For the year ended
ended March
March 31, 2017
31, 2018
Sauces 1,990,921,493 1,684,454,372
Others condiments 263,292,296 207,662,316
Snacks 47,819,571 52,491,737
Total 2,302,033,360 1,944,608,425
104
Traded goods sold
For the year

For the year ended
ended March
March 31, 2017
31, 2018
Traded Goods 11,706,870

-
11,706,870
-
105

XBRL Document in Respect Consolidated Financial Statement - 2017-18

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XBRL Document in Respect Consolidated Financial Statement - 2017-18

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CREMICA FOOD INDUSTRIES LIMITED

Consolidated Financial Statements for period 01/04/2017 to 31/03/2018

[400100] Disclosure of general information about company

[400200] Disclosures - Auditors report

Details regarding auditors [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

Textual information (1)

Disclosure in auditors report relating to fixed assets

Textual information (2)

Disclosure relating to physical verification and material discrepancies of fixed assets

Textual information (3)

Disclosure relating to title deeds of immovable properties

Textual information (4)

Disclosure in auditors report relating to inventories

Textual information (5)

Disclosure in auditors report relating to loans

Textual information (6)

Textual information (7)

Disclosure in auditors report relating to deposits accepted

Textual information (8)

Disclosure in auditors report relating to maintenance of cost records

Textual information (9)

Disclosure in auditors report relating to statutory dues [Text Block]

TS VAT Act, Tax liability and

Textual information (10)

Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]

Textual information (11)

Disclosure relating to disputed statutory dues [Text Block]

TS VAT Act, Tax liability and

Textual information (12)

Disclosure in auditors report relating to default in repayment of financial dues

Textual information (13)

Textual information (14)

Textual information (15)

Disclosure in auditors report relating to managerial remuneration

Textual information (16)

Disclosure in auditors report relating to transactions with related parties

Textual information (17)

Textual information (18)

Textual information (19)

Disclosure in auditor’s report explanatory [Text Block]

To the Members of Cremica Food Industries Limited

Report on the Consolidated Financial Statements

Management’s Responsibility for the Consolidated Financial Statements

Report on Other Legal and Regulatory Requirements

For S.R. Batliboi & CO. LLP

ICAI Firm Registration Number: 301003E/E300005

Membership Number: 094421

Place of Signature: New Delhi

Date: September 11, 2018

[100100] Balance sheet

Other long-term liabilities (A) 28,72,69,627 (B) 14,00,66,667

Intangible assets (C) 2,62,36,784 (D) 79,37,414

[100400] Cash flow statement, indirect

Other adjustments for non-cash items (C) -17,38,275 (D) 8,44,69,749

Other inflows (outflows) of cash (E) -24,24,30,334 (F) -16,02,57,628

Other inflows (outflows) of cash (G) 14,52,25,450 (H) 9,00,66,667

[200100] Notes - Share capital

Disclosure of classes of share capital [Table] ..(1)

Number of other issue of shares

Total shares in company held by holding company

Disclosure of classes of share capital [Table] ..(2)

Number of other issue of shares