Chartered A Siping (PIN we &60 ‘70/3, Mangal Pandey Nagas TO THE MEMBI sountants University Road, MEERUT eae Ph: 01214006768, 9697419695 | INDEPENDENT AUDITORS’ REPORT 1ERS OF SOLOSTRIKE SPORTS INDUSTRIES PRIVATE LIMITED Roport on tie Financial Statements We have augited the accompanying financial statements of SOLOSTRIKE SPORTS INDUSTRIES PRIVATE LIMITED (‘the company"), which compriss the Balance Sheet as at 31 March 2026, the Statement of Prof and Loss, the Cath Flow Statement for the year then ended, and a summary of significant aecaunting policies and other explangtory information. Management's. Responsibility for the Financial Statements The Compan}'s Board of Directers is responsible for the matiers in section 1344S) of the Gompanies Act, 2013 (the Act") wih financial positio ‘respect to the preparation of these financial statements that give a true and fair view of tha n, financial performance and cash ffows of the Company in accordance with the accounting Drinciples generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, read vailh maintenanow Rule 7 of the Companies (Accounts) Rules, 20%4. This responsiblity also includes the adequate accounting records in accordance withthe provision ofthe Act for safeguarding of the assets of the Company and for preventing and detecting the frauds and other inegula‘ties: selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; sna] desiga, plementation and maintenance of intemal financial control, that were operating tfectively for ensuring the accuracy and completeness of the accounting records, relevant to the prepatation and presentation of the financial statements that give a true and fair view ‘and are free from material misstatement] whether due to fraud or error. Auditor's Resp onsibility “Our responsibly isto express an opinion on these financial statements based on our audit We have takgh into. account the provisions of the Act, the accounting and audiing standards and matters which ‘re required 14 be included in the audit report under the provisions of tho Act and the Rules made thareunder, We conducted our aucit in accordance with the Standards on Auditing specified under section 143(10) of the Act, Those Stindards require that we comply with ethical requirements and plan and porform the ausit46 obtain Teascnable aspurance about whether the financial staternents are free from meterial misstatement. ‘An audit involfes performing procedures to ablain audit evidence about the amounts and disclosures in the financial stateynents. The proeédures selected depend on curjudgment, including the assessment of the gk of assessments, Material co statements that tement of the financial statements, whether duo to fraud or error. In making those tisk "e considars infernal financial contol relevant to the Company's preparation of the finencial ive ‘tue and fair view in order to design audit procedures that are appropriate in the Srcumstances| AN audit also includes evaluating the approprialeness of accounting polcies used and the ‘ezsonablenes} of the accounting estimates mada by Company's Directors, a6 well as evaluating the overall presentation of the financial statements, We beliove that Opinion the audit cvidence we have obiained is surficient and appropriate to provide a basis for our the financial statements, {7 ur opitvon and to the best cf our information and according to the explanations given to us, the aforesais financial statenjents, give the information required by the Actin the manner so required and give'a true and {alt view in confornjity with the accounting principles generally aecepted in India. \ywe ®) _Inthg case ofthe Balance Sheet, af the state of afsics ofthe Company as at Match 31, 2016; ©) _ Inthe) case of te Statement of Profit and Loss ofthe profi forthe Year ended on that date: and ©) Inthe) cas $2 of Ihe Cash Flow Statement, of the eash flows forthe year ended on that date, Report on Other Legal and Reguratory Requirements 1 as reid by the Companias (Audtor’s Report) Order, 2016 (the Order Gover annexelt. 2 As requires } issued by the Central Git of Inca in terms of sub-section (11) of Section 143 of the Roto Statement on the mattar Speciiqg in paragraph 3 & 4 ef the Order on Annexure A is not applicable to the company, hence not by Section 143 (3) of the Act, wo report that: ®} Wa have sought and abtained al the information and {explanations which to the best of our knowledge and be ellef wore necessary for the purposes of eur audi, 1 In ur opinion proper books ef account as required by law have boon ‘opt by the Company so fer as nppars ftom our examination of those books ©) frelBelance Sheet, tho Statement of Profit and Less, and Gash Fiow ‘Statement deal with by this. Revort are in agreement with the books of account 4) In ob opinion, the aforesaid finanelal statements Comply with the Accounting Standards specified under Section 193 of the Act, read with Rule 7 of the Companios (Accounts) Rutes, 2014 °] On the basis of writen tepreseniaions received trom the directors as on 1 Match, 2046, taken on recokd by the Board of Directors, none of the directors is disqualified se cy 34 ‘March, 2076, from being Appqinted as a director in terms of Section 184(2) of the Act 4) with Fespect to the adequacy ofthe intemal financiel contets over fnencial ‘reporting of the Company and © operating efectveness of such controls, rofer our separate repertin“Annaaure Biron 8) With |espect to the other matters included in the Auditor's Report and to our ost of our information ‘and aesording to the explanations given to us: Inteims of our ava For Vipin NAGAR CHARTERED Ace} tig ire, rn oeea Pate cent bat: 1.882018 6 Gompany has disclosed the impact of pending Jitgations on is finanelal positon In ts nancial statements. “NOT APPLICABLE- Efe Gompany has made provision, as required under the applicable law or accounting standards, material foresceable losses, if any, on long term contracts Including destvative contracts, -NOT APPLICABLE: Jere has been no delay in transfering amounts, required to be iransferred, to the Investor jducation and Protection Fund by the Company -NOT APLLICABLE- T2perl and notes im accounts ef ean ale alachedt co. UYTANTSANNEKURE «B10 THE AUDITORS’ REPORT HURE + B TO THE AUDITORS’ REPORT Report on tho Internal Financial Controls under Clause (} of Sub-section 3 of Soction 143 of the Cofmpanies Act, 2013 (the Act") We have audited the internal financial controls over financial reporting of SOLOSTRIKE SPORTS INDUSTRIES PRIVATE LIMITED as of 34 March 2016 in con, ‘statements of the Company forthe year ended on that date. Managcment's Responsibility for Internal Financial Controls The Cornpany’s management is responsible for establishing and maintaining. internal financial Contes |based on the internal contol over fancial reperting enera established by the Company ine Ite the essential components of intemal conte stated in the Guidance Note an Audit of inemnal Financial Contras ove: Financial Reporing issued by the Insitute of Chore Accountants, of india |(ICAN), These resnonsitites Include the design, implemontaton and maintenance of stat intemal financial conto's that were operating effectively for enaving the orderly and licen! Fonduct of ts business, inclading adherence fo company’s policies, the safeguarding of its assels, the prevention and detection of frauds and errors, tho accuracy and completeness of the Compal (Sco and the timely preparation of reliable financial information as required under the Companibs Act, 2013. Auditors} Responsibility Our respynsibity is f express an opinion on the Company's internal financtal cenrols over financial crruna pased on our audit. We conducted our audit in accordance with the Guldanee Neto on rosit Ot Interna} Financial Controls over Financial Reporting the “Guidance Note) and the Starderce on Guiding, [ssued by IOAl and deemed to be prescribed under section 143(10} of the Companies Act, 2018, to the extent applicable to an auctt of internal financial controls, both applicable to an aan or {eral Ffpancial Controls and, both issued by the Institue Of Chartered Accountants of India Those Stonelardy and the Guidance Note require that we comply with efhical requtemenis and plan and Rerfarm tie aul to oblain ressonable assurance about whether adequata intemal financial entree ver inanplal reporting was established and maintained end if such contcls oporated eflacvey in a material rdspocis, Our aucit Involves performing procedures to obisin audit evidence about the adequacy of the internal financial gonttels system over financial reporting and their operating eflectvenoss. Our audit of inlemal fifancial controls ever financial reporting included obtaining an understanding of intecnal transl not ever teri opting. coeaeg te ik ar ore ae et testing an}! evaluating the design and operating effectiveness of intemal control based on the assessed {isk. The procedures selected depend on the auditors judgment, including the assesemont Of the risks of material misstaternent of the financlal statements, whether duo to fraud or error. ‘We bolieug thal the aud evidence we have obtained is sufficient and appropriate to provide a basis {or our aueH opinion on the Company's internal financial contrels system over financial reporting, Meaning ¢f internal Financial Controts over Financial Reporting A companys intemal financial conttel ever financial reporting is a process designed to provide reasonable assurance regarding the rellblity of financial reporting and the preparation of fancial statements for external purposes in accordanes with generally accepted accounting principles. A compenys|internal firancial control over financial reporting includes those policies and procedures that (1) Peain to the maintenance of records that, in reasonable deta, accurately and {ein reflect ‘he transactions and dispositions of the assets of the company; (2) provide reasonable assurance that npMPI RAG: wetnaglons are recorded as necessary to permit preparation of financial statements in accordance wih geperally accepted accounting principles, and thal receipts and expenditures of the company are being ma @) prdui de ony in accordance with authorisajare of management and dictate othe company; and nancial sean st “spestion of the companys assets thet could have a material effeer ne the financial statements, Inherent Limitations of internal Financial Controls over Financial Reporting Becausy of the inheront tmitatons of internal tnanial controls over fnaneial Feporting, including the possibilty Of collusion or improper management override of controls, material misstatements due to Fret Gifu may occur and not be detected, Also, projecons of any evahiates of we internat manell eels over fnencial reporting to future perlods are subject to the tek thorn intemal Rania een aver financial reporing may become inadequate because of changes conditions, or ‘hat the degree of campliance with the policies or procedures may deteriorate Opinion| In our of system operatin criteria eb the Guid} Institute For VIPIN N, charTEREt (FCA) MNO. : 074 Date: 11.08, Place: Meeru| won, the Company has, in all material respects, an adequate internal financial controls ‘er financial reporting and such inlemal financial controls over ‘inancist teporting were ffectvely as at 31 March 2016, based on the intemal control aver fnancal reporting ablshed by the Company considering the essential components of intemal coniel stated rae Note on Audit of Intemal Financial Contols Over Financial Reporting issued by the f Chartered Accountants of Inca. GAR &.CO, ACCOUNTANTS 161 16 MAVIPIN NAGAR & CO 470/3, Mangal Pandey Nagar Chartered Accountants University Road, MEERUT vipinnagdsthotmail con Pha @i2tes006768, 0897219696 SOLOSTRIKE SPORTS INOUSTRIES PRIVATE LIMITED BALANCE SHEET AS AT 3703/2016 a ins, Paricala Tote SHIOaTIONS 30372075) EQUITY ANB LIABILITIES Shireholers’ funds Share cap}ial 24 25,00,000,90| 28,00,000.00) Reserves and surplus a2 1,12,055.75, $7,504.00| el 26,12,055,75) 25.57 .504.00] Nour opt tables Long-term borrowings 23 28,90,000.00] 24,50,000.00 Other Long term iablities i : (b}} 28,90,000.00] 24,50,000.00 [Current lispilties | Short-term borrowings 24 54,41,994,00) §2,92,883.00 Trade paycbies 25 5,55,055.00, 78145,788.00 other curr abies 26 4,48,302,09] 42.579.75 |Short-term provisions ar 1.22,443.00) 2,57,412, 00) te] 2.38,741,00) Ta. 30.660.75| TOTAL (a) + (y+ (ce) 4,47,40,766,75| 1,24,46,164.75) ASSETS co Non-currodt assots Fived assel Tangibielasse!s 28 3,08,268.00 3,85,502,00] Intangibip assets = OS 2ET HO SES SOEOO) Non-current{investments , -| Deferred tayf assets (net) 29 9,804,09] 4,589.00) Long-term ans and advances | Other nor-chirentassets J - (aj 317,772.00) 3,90,081.00] Current asspts ‘Current invebiments, , A Inventories 30 31,55.900.00) _48,26,700.00 | Trade receivables. a1 49,95,785. 50 38,02,710.50 Gash and cabh equivatente 32 32,36,609.25) 36,041633.28 Shor-term Idans and advances 33 20,000.00) - lOther current assets 34 45,000.00) 49,030.00] 0) 14.22,988 76| 1.30.86,073.75 TOTAL {a)> (b) 41.47,40,766.95) _4,24,46,164.75| In tems of ofr attached report oF oven date For VIPIN NAGAR AND CO. For SOLQSTRIKE SPORTS INDUSTRIES PRIVATE N; CHARTERE| \ FRM: 05171 ANY _ “\ : elt aoe e DEVASHISH KAUSHIK — VISHAL SHARMA ) (DIRECTOR) (DIRECTOR) M.NO.: 074049 (DIN: 06590249) (Din; 06580772) 11/08/2016 PLACE: MEERUTAGAR & CO. Pd Accountants earhot mail.com, £70/, Mangal Pandey Nagar University Road, MEERUT, Ph: O121-1006768, 9897419696 SOLOSTRIKE SPORTS INDUSTRIES PRIVATE LIMITED ‘STATEMENT OF PROFIT AND LOSS FOR THE VEAR ENDED s103r2016 In Rs. [Particula| Note 3170372046] 31/03/2075] Revenue tom operations 35 1,48,75,089.00] _1,37,76,224.009 Other inedme 36 4,596.00 - Total Revenue 1,48,78,697.00/—_7,37,70,22a.001 Expensog Cost of mdterials consumed | | Purchases! of Stock-in-Treda a7 81,02,627.00) 93,55,160.00] (Changes if inventories of finished goods 38 14,74,100.00| (6,94,450.005] [workein-prdgress and Stocicin-Trade Employee benefits expense 29 17,34,248. 00] 29.57,834.00| Finance cobts 40 7,08,272.00] 681,099.00 Depreciatidn and amortization expense 44 77,234.00) 1,07,179.00 [Otherexpehses 42 17.35,159.25| 12.30'244,00) Total expehses 4,48,31,640.25| _1,37,36,093.00 ptotk befory exceptional, extraordinary and prior 48,028.75) 33,391.00 period ited and tax Exceptional items | , Profit beferg extraordinary and prior period items 48,028.75) 98,391.00 and tax traondinay ; -| Profit befor 28,028.75 33.91.00] Prior Perical -| + Profit hater 48,026.75 33,391 09 Tax oxpens 43 Curent thx ; 5 Deferredfax (4,916.00) (9,510.00) |Proft(loss) forthe period from continuing operations 52,044.75 2,901.00] Profit oss) from discontinuing operations i : Tex expensd of discontinuing operations : Profiv{ioss) from Discontinuing operations (after tax) F : ~ [Proteose) te ne petiod 52,941.75 42,901.00 Esrnings per equity share: 44 Basie os a Diluted os 2 In terms of or attached report of aven date For VIPIN NAGAR AND CO. For Sot E SPORTS INDUSTRIES PRIVATE LiMPTED CHARTEREH ACCOUNTANTS FRM: 05171 \ x _ Yeast igs 3S IN NAC DEVASHISH KAUSHIK ‘VISHAL SHARMA (FCA) {DIRECTOR} (DIRECTOR) MNO, : 074044 (DIN: 08590249) (DIN: assg0772 DATE: 1/08/2016 PLACE: MEERUTNOTES OH ACCOUNTS FOR THE YEAR ENDED MARCH 34, 018 24 Share Eapital In Rs. [Panicutae SOTA avoarz075] [Auth 280000 {280000 Equity Shares. of* {Pr Value 25,00,000.00] 25,00.000.00| 25,00, 000.00 725,00 600.00 Issued 250000 (260000) Eauiy Shares of 10/-Par Value 25,00,000.00 28,00,000.09 "2,00, 000.00 2500 000.05 Subscribe 250000 (P50000) Equity Shares of 10/- Par Value 28,00,000.¢0 £25.00,000,00] 25,00,000.09 25; 00,080.06 Paldup 250000 50000) Equity Shares cI* 10! Par Value Fuly Peldup 26,00,000.09 25,00,000.00 75,00,000.00) 75,00,000.00] Holding Mote Than $14 Particulars WOT 3OaeOTS Wumber 0 Held] Number of % Hela Shao Share| [Devashish aust 125.009 B08) 725,600] S00 [Mishat Shorts 425,000) 50,00) 425,000 50.00 2.2 Reservebnd Surplus in Rs. Paricarars nari THosPoTs Preftand Lote Opening $7,608.00 14,803.00] mount Tranbterred From Statement of Pat. 52,941.75 42,207.00] ensunt Trenbforeed Fram Sunes ‘Others 4,810.00 0.09) 572,055.75} 37,504.00) 2.3 Long Term Borrowings ln Rs. [Paricutars SRO soso [Loan and Adjancos From Related Paros Unsecure Diroct Devashisn ¥2,00,000,09| 12,00,000.c0 ish! sharma 16,90,600.00 42:66,000.00) 26,30,000.00 74-£0,000 00) 2.4 Short Tern Borrowings Ings. Particulars LC Sao] Biros/2073) [Coans repayable on darmiand Banks Socures BANK OF BARODA (Agst hypo of stocks and debtors) 54.41,914.00 52.92,883.00 54 41,511.00 $2,92,963.00|2.8 Trade Payabres Inks Parca a | SORT THOSE SnRotnetae suger so57t.09 Beep Totes Acony Monogr conan] itezsaa Daronfeed tence Bina) stun ‘a ower ena Pte 21st 9 ahPabte ste Marat 09 275800 inate 12689. aoe pian 0s Hare. nispere 1505209 oe Nov rele Packaging ind seq see nasnfie 05.0 iota Ranta co 4 ‘uman Seco eagraca) ges Sano aa ese Seana) ahe000 Sraeabe toa ‘eons Tree 200.9 2808 0 Or taatores& xporen aio]| anton Ce cinbaan ee boa sey el spote 11354083 00 Gee dts ry ee ee Seo 10083 eau en Ear too Reco eae da Sites’ Ries per aaa penrahoe wosiiecg| oa seuabol ETI 26 otnor Cuban Libittos Ins [Particulars 3110372076] 340392015) Corea Saas ot ope otrorparaoke sates pe tages ate some cat ereate mel | isan Inpuy vat @ 14%. 0.09] (28,953.50}| tower Boo] arene ous 09 eer a eee 2,228.00 38,393.00 fale tar beectel Beat Audit fe¢ Payable 25,200.00} 22,656.00 ‘Trackon|Courier 0.00} 5,908.00 Internet Recharge Payable 4,444.00] 4,100.00) PRETEE wesrara [eariewiare ozo 3110372075] empleo tr emoyee can ‘pero 9.0309 PF (Employer Cont) 10,842.09] 6.20309 Pebaret Sar San reise 5 (emfojer Cont) Payable sea089 near Ear so) satoy TaaeS— arrfo r o0"0 Joos ooo _|o0'o |oorese've's loses Foon ooresz'2z |oorosr'oc's|000 |n0'005's lovass'zi's SNOIAD| ovsscad’s 0 jar —lore—ar-Jorearars jose fry oa ae ET oer9[o0—forusr''s [ior HIE overuse) OU POr ze eoeoy es [oo iors ov oor e'| Teg Ovese SE O0s6e saz oo ree’ coT joo coseo |en'loyes | on-coa'os'F | [oo"con"os'5| i235) Sian soon [orarereftoserer eras Boers _laeeeoe— [sTUOTOE saree oe} — aosiete looeer sr 08297 oars _loozare — [Doone TE fovone'or oo'eze'e ooze ez joo'sts 3 fooerszz lousy ze oor g'ee ona ooreerr onwis'e oocor ct oiToow zt jooosez oo osF aE aosare ESET oaosgei | — —=- Bsug vince + area OSHEL loner y— [aor Somer 02008 ooave't_fo0-zez'r —fooons 7 —| jovone Su | ws | poveg] Guu uona Suwedto | susoig | so1o] soxsu| Buna] ody. Buisai Gusoig_|npag Juewpy! sua, C TH a e073 Ripaneg sui sjosse aimiuet gz2.9 Deferred Taxos ins, Parties a Deferred Tax Liabilities zee Ses Deprecigtion (9.594 0) (4,569.00) (9,504.00) (4,589.00) 30 Invonterios In Rs. Fartieulers| 3110312076] S10302085] Finished Gpods Closing lock 31.55.600.00 43,29,700.00 34,55,500.00 48,78,700.00 3:1 Trade rqselvables Ins. Particulars 31/03/2016) 24/03/2015 rade Reealvable Secured] considered good Withil Six Rronthe Ad. Sports 127,284.09 192:210.00 RG Shoot 6.00 7380.00 ‘is Sharma 29,165:00| +91315-00 Bhool Cly Sports GrO Sameer Qureshi 7,240.50 22.809.50 Bafiaut Spon 27/025,00) 72878. c bo Shae Factory 2.00 27'289.00 Srideters Academy 296,618.00 1.88,508.00 BPA Sports Rohtak $21326.00 321925,00 Ess}key Spare 3.09 9250.00 Galjam Gopal #,42,761,09 92.241,00| Gedta Sanjay Memoria Senoal 0.09 2361609 Go bapal Govardhan Cricket Academy 00] ze9500 iehdta Keshwah oq e4's70.00 inp Baig 1.28.059.00 1.491868.00 iy ev Sharina 2.0) 3,308.00 Jashinda Singh 42,030.09 2208.00 Sitedder Tyagi 3020.00 1,880.00 iomba Spartina 3.60.273.09 3,80273.00 Karp Xen 0.00 13°738.60 Aisjfet Sports 281 979.00 28,175.00 4] Sports 80,006.09 1.29%83.00 M8 |vinay 0.00) 8.000.80 Madijas Cricket Club,Chennal 0.09| 3560.00 neki Spore 8493.00 4372.69 wate Sports 112.248.09 4.r2.248-00 Mandmmad Arf ( Coach) 2066.00 20726800 tir Obepek Sain Haryana O00) 4817200 Mr Hbmant Abemdabad 1.15,640.09 115,640.09 Xr binder Oitan ‘aut 09 4861400 itor 53,240.00 43,940.00 MrOfian Automebie Put Led 40'3 16.00 2916.09 Me Rbty Kumar Ranch 420,882 00 49,562.00 lerRpkesn Chopra Ludhiana 47'3¢0.09 47a0.00 reer Qurathi Bhopal .00| 33,900.00 tir S4neeep Telan Geb 95,474.00 18847400 Necafun 42861809 48,591.00 tir O)nesn Varma 0.00 3181400 Me. Riv 0 20'870.00 Mr Rbrv Rathod 009 13,2000] wr Up 0.09 18,0150 Nader Negh 2-290 38.278.00 om 39.375.09 3575.09 Pash frat Put, kt. 09 44,000.00 Phaedix Ccxet Academy o.oo} 6332600 \eabot Singh 0.00) 17,425,00 ‘tatam Singh 0.00) 10,086.00 fyanaha Sports 0.29] 1624000, unit Gupta 70,646.00] #1848.00 shu! Dogar ‘0.09 3076000 nesh Gautom 2,94,172.00] 400 318. Sannemoorthy 0.09 1,98;458,00| nkalp Cricket Arseny 0.00 1/30,36.c0] Shnshasen Sports 3,024 09 57,071.00] ‘Shiv Sagar 48,426.00 42,568.00) Siroe Rk Sports a.09 7786.09 Shorts Center 189,166.09 1.83,869.0] Sf Sai Spevia '60:763.00 2,008.00 ike Sports Gears 2.00 ‘s.e70.00 Sot Sharma 8,75,268.00) 439,729.09 Subject 2.0] 1850.00 Tohiar Seiten 0.09) $,000.00| UE Sports 2,02,523.09 2,02'828.00, Varun Sports 0.00] 28,811.00 Vidal Radon 47,096.09 17;094.00 5K Kadam 4.09) 13,480.90 Abhi Sports Management 207,048.00 0.00 Dhrimendea Rana 18,648.00] 000 onfrav oon) 0.09 ‘Khgkar Sports 49,434.00) 0.00] Kufieep Oewan 48,400.09) 0-00 urlkabir Al (26,050.00) er) tur hesresh 65,573.00] ‘00 tw Mali, 48,110.00] 2.00 Mr Wantan Sharma 26,900.00 0.00 Paitan Ohakad 40,178.09 ee0 Phiders Cricket Academy: 7434500 009 Prakhant Thakur 2,86.852 00] oa Profident Furd Organizatian 466,770.00] on) Raldnder sponte 33870.09 0.09 Rarlan t Onatte 4350.09 800| eal vishusnath £040.00] 000 R, Shorts 73,686.00 4.90] Si Rath Sports 49,828.00 1.00] ‘Shaish Abusad Mohd. Ahrar Baronet Cricket 1.36,080.00} 6.00 chi Spots Hub Ci Rohan 27/8020] 0.00 Yt Enterprises $550.00 0.00 ABBE 785.60 aga 710.50 $.2.Cash andbash equivalents i Particulars STOTT 031207 IGesh in Hand ¥2,36,200.25] 35.03.46 .25 Balancos With Banks . Balanicd With Scheculod Banks Cunt saint 279.09 #.187.0 W256 609-25] 7504.63.25 3.3 Shorter loans and advances Ins Paricaiars TTT 1032075) Loans and advances ta related pales Unsecured] considerod good Bevachifn 20,000.00 00 20,000.00} 0.00) M3.4 Other quetent assets Ins. Particulars HOI] SOsETE [Advance Ireome Tox 75,000.00 15,009 26] hear zona-fa 2.00 4,030.00) 15,000.00 73,036.09] 4.8 Revenue from operations Ings. [Pacticutars EVERETT ‘SH103/2015) Sale of Products Traded Goods ExUp Bale Retall invoice @ 5% 8,73398,00] 6,60, 240.00| Ex Up Bais Taxes 1,05 ,40,026.00 1,18,28, 979.00] Up Salp Sale Invoice @ 5% 74,535.00] 31,280.00 Up Said Tartree 34,72/983,09| 11,26,245.09) Up Saif Tax invoice @ 51%. ¥,18,700.09| 480.00 Export Bale @ 5% 4300.09 0.00 Expott Bale Tax Free 63.450.09| 0.09) Ex Up Gato Retell @ 12.5% 30,500.00 0.00 TAE75,069.00] 1.37 70,224.00) 3.6 Other ingame Ins, Particulars T 3103/2046] 3103/2075] Miscalancobs Phe eof 4308.00 oo 3388.0 00] 27 Purchases of Stock in-tade Ins, Parieviars EEE ssie7e Fitahed Gaba ExUp Purhaie @atee rosv0.04 4740.00 Ex.Up Purchase@s% 2.87,541.00| 1,83, 398.00) Up Pirchafes@ Se weaset20o| © saeasto.c0 Up Purchades Tax Free #5230400 © ateagor to Ex Up Putchave @ 2% 3588860 98801.00 4 Up Puhose Uren. Tax Free e641 00 2.00089 Up Purnade tase 000 2.08613.00 Up Purchase Une, Tax ree 1345.78.04 2 09.575.08 L 31, 62,627.00] —a3.55160.00 $8 Changes inventories of rished good, werk--progress and Siockin-Trade ; inks (eaters ITE Sa20 9 Pees Ges 402070000] 9.352500 46 28,700.00) ——ao.a660.00 coin Finished Gohds sissso000] 482670000 3486 600.08] ——as.0. 70000 Incteasoroeetpase Frished Cofes 147410000] 16.04.4500 14,74,100,00) (5,54,450.60) Details of Changes in Inventory Particulars BHOSIOT8 31032075) Finished Goods Finished Stobk 14,74,200,00| (5:93,650.00) 14,74-100.00] (5:84,450,00)3.8 Emplayco benefits expenso in Rs. Porteaara rE TOG 31052078 Salary, Wabes © Banas Bonus 0.0) 1,90,440 cal Salary Wages 1803;73.00 24,17,802.00| Centributih 1a Provident Fund Pr Expentes 2018-14 0.0] 23,688.00 PE (Employer Con)2014-2015 00] 1.81,480.00 PE (Employer Com) 1,90,875.00) 0.00 Star Wottare Expenses Stal Wellve Expense 2.00] 44,730.00 other Empipyee Related Expenses 5 (Empbyee Cont 20 tats 100 5412.09 ESI (Emppyer Gonyjz013-14 on] 24,074.00 ESI (Empbyer Contao14-15 0] “2'3a8.00 7 38,740.00) HOT $31.00 4.0 Finance posts in Rs, Parieatars sre Toso interest Exppnaes Interost expenses Sirunpecl 6.0, 86809 ae8.87209 Bank Charges Bank CHerge 67,408.00 11,527.00 7,06,272.00} 3aH,089.09 ‘41 Depreciation and amortisation oxpensa los Parieuars| T TMD ansr2015 [Depreciation|® Amartisaton n Tangible Assets ion AC 77,234.09) 4,06,6¢8.00 impalement § Write down of assets Other Wrilp down Assets Depreciation 0.00 524.00] [rasa] TH, A73.00 42 other expknses Ins Particulars | SHOOTS 317032015] sianutscturing Sonice Costs Expenses Power and Fuel Genera Runaing & Main 9,440.00) +8 00.09 Frieght And Forwarding Charges Freanalcerage( usar 51.1200 3890.00 Fight & Gantage 21°785 00] 4925.09 [Administrative and General Expenses Telephone) Posta Teapeunp Expetees 25,0300 +7.400.09 Printing Sthtfone Prating dl Statony 09 5720.00] emt Ratos| And taxes oe e000 00 aco Generato} Rent 1,28,000.00 420,000.00) Auditors Rhmunoration ‘uci Fee] 800.09 11,400.00 Janageria weal Tos +,00,000 00] 4,80,000.00 Repairs Wafntenance Exponses Hepat ap Matera nce za10.09 ‘8,500.09 ‘Traveling ¢onveyanes aTour Aad Traveling 1,97,400.00 00) Legal afd Professional Charges on s2anoed 2000.0] snsuranto Expenses Stock frsurance 19,610.00 16,855.00] Vehicle fanning Expenses Ear Rifiing & Man 94,925.00 51,950.00 lothor Expchises Business Promotion 4150,810.09 240-727 00 Festival Ekpenses 14.64000 ‘ Intemet achorge 25,876.09 18,337.00 vat 15977325 0.00 Account Gharge 90 20,000.00 iiss Ghofes 0] “4,955.00 Rebate Ad Discount 3.0) 4385.00 ‘Gourer Epenses, 0.00) 491248.09 a7 36 15 EROEAT| 4.3 Tax expanse Ines. Partsatare Satan T0372073 Deferred U3] ‘Berferee Tp Liaiiy (4.818,00) (9510.00) TEB16. 00) (2.510,00)] 4.4 Earnings|por oquity share e Ins. Parivulare TeaOTG si02079 Earnings Pay Eqully Share Basic Basi EFS Belore Extra Ordinary kom os 00 Dittod Dikried GPS Befora Extra Ordinary lem ast 0.00 Jn t1ms of out alleched report of even date For VIPIN NABAR AND CO, CHARTERED|ACCOUNTANTS FRN: 06174 PLACE: MEEHUT (i SeCeeTH Ne Fronts INDUSTRIES PRIVATE jr A, yer Ss KAUSHIK —_VISHAL SHARMA (DIRECTOR) (DIRECTOR) {0IN: o6590zi9) (DIN : 06580772) ~10-ge origin nag Chartered poe Fc) Mle oreost Place: SEER Doses 1108-204 Tila Wal V ws \ yehA Devastish Kaushie i VERSE GO a ata PaaS NST Shari Aee dunt thority Rosa Resa bscom cm een Photat-aocsres, susan so.ostitesronts mousTmsemMATE NED {22h ine Sutemen forthe yearended ones ir Pai eae Jentz fa. exe tendeavone ne sages sasnoo i: Sxpfin ram 0 Siuefcttrimeasupte tia Coantfe cleo mtiectcatoong wanszs sean a vet sso eaxscore aeeeheabs onan] ae asa Soviet tasce/obe duro ‘aes sa ssynonf ereemal es npr aa (Beene nse em anna ssn saison Iceupreaiinsaae peter 0 100) uname ‘erceabnaenoinoner ene be ‘cas vine ‘scsh been tomopery ais TRE Ta] cossbefrneons Jeni romopeata nce aa So Js shan roninssiocaties esintspotied aes, sone lickers yep Shectethss ; : Foe rFonstae : : earning Re Te J. Sn mehncecaci Few oe - 3 tector) eniga meton We 0 fence ay Tato 6 fmt Ain nceter fs eat PE Ta Croan chi aon tren stece sasesnias aesssono0 camire hn ovary dase te Tee ame] Vishal sacra (tector (Grecia (Gin sensee2%6) (GN: 05580772)| VIPIN NAGAR & Co, | Chartered Accountants | vipinnagark hotmail.com 4470/3, Mangal Pandey Nagar University Road, Meerut Ph.0124-4006768, 9897419596 SOLOSIRIKE SPORTS IND. PV. LTD, MEERUT NOTES FORMING PART OF THE ACCOUNTS A$ ON 31.03.2016 1. Accluntng Polis a) Genpral: 2] Me anit herent are props under okt cas comntion and a goligcancam soup acordance with the Coney Accept accountng Fring GAA eae Inds and he Mandatory Accounting standnrs sud by ie atta Veh ee af India and according io the Companies het oa 1) | Accounting pois tht are mot specially refered are consent and in eonsonance wit aenely cepted acountog polos 8) Fiwed Assets Fixed Assets are stated at cost less accumulated depreciation, ‘Cost comprises the purchase Brio cost of constuction and any attributable cost 6 raging Se sae eke ee Isinfended use 4) Bensian Deptt on assets ie eve on WY bss ar th Les ofl ase provied in Bespin ‘cb 2013 4) Valuplion of Inventories: Raw material is valued at cost on FIFO basis and finished goods at net of mechan nese luda 9°] The company ftiows mercantile stm of secanting a eecgnlss income an expentre on acral vais eee ose with siglean ances ane aeons ah oes standards appleabe i) | Sale of goodsis recognized atthe point of elispatch of finished goods to customers 9) Pradfon of aS 2: Deter ax sling tom ing ference betes ta ra and tneale ‘on account of depreciation is acco for by using tx tes nd ane ethane ee subst ney enseted as on the date of Blance Shoe The datemed or ablibey a eee with eamgunten cleat 2 Contoftromsining to Deenecuie on capitalacesunt: NIL Previousveur = NIL 3 Contingent lisbitity not ps 4 Inthe 3 vided for NIL inion of Uoard of directors, the currentassets, loans and advances are approximately af the value stata if realized in the ordinary course of business unless otherwise slated and provisions forall known abilitfes are adequate and not in excess of ansount reasonably necessary. Balanch of all persanal accounts, whather debit or credit are subject to confirmation from the Partios concerrea 6.No. of eisployees who are in receipt of remuneration which in aggrogate was not less than a) b) Rs. 24,60,000/- if employed throughout the financial year NIL Rs, 2.40,000/- p.m. ifeiaployed for a part of financial year NIL 7, Statemept showing prior period and extra ordinary items andl changes in accounting policies tn terms of accounting standards I] as issued under the Income Tax Aet. 1961, a). Prior Pepiod Items: NIL b} Extra Ordinary tems: NIL ©) Change }n Accounting Policies NIL Ac| ehortere Accountants | VIPIN i & CO. | vipinnagar Inter Dey g Tira Deri Det Net 9 As req 1.00 lac, 10. Brevi ‘yenr’s presen] Placo : MEER Date : 110829 (@hotmail com ng Difference red! Tax Liability on nrds to disclasute of could not Be avearta yee Figures have a6on, # of accounting standasd Chaetejed Accountants of india, reciation as por Ineome Tax Act ciation as per Com)sa reel Tax Liability @ 20.9% referred Tax Lisbility 47013, Mangal Pandey Nagar University Road, Meerut | Ph.0121-4006768, 9897419685 | {AS 22) on accounting for taxes o¢ income ised by the Insitaleot ‘he proviston for defered taxa on 31.08.16 has been eciputed ee ance Rs 61,9700 Act Bs__77:234.00 Rs 1520700 Rs, 4315,00 31.03.16 Re 4559.00 ! Bs 950.00 james of small scale undertakings ftom whom amount outstanding exceed Re. eed whether stich parties are small sslo-undestahings or aot, teen regrouped/ reclassified, wherever applicable, to confirm to the eusrent _ US \\ & © a yee Dovashish Kaushik vishal Sharma (OIRECTOR) {DIRECTOR} «DIN = 06580249) (CIN; agsso7z2)1. Reta INAGAR & CO, -d Accountants eho com SQLOSTRIKE SPORTS INDUSTRIES PVT, LTD. Other Disclosures as on 31‘! Maxch 2018 fed Party disclosure: NOT APPLICABLE 47073, Mangal Pandey Nagar University Road, MEERUT Ph: 0121-4006768, 9897419695 (ADEN Titeld erprises Where! Control Exists: Name Holding 37 | Natareof Relationship transactions Sul ing Company ‘BOE > laries Extent ‘Of Heldingy Related Parties TD) Joint [2 Reva | 3)Other fanagement Personal Non Executive Chairman) 3 influence sees’ Benelit Plans whete there is 2 Relat Party Transactions: Patalf of Remuneration of Executive Direcors forthe financial year ened 31st March, 2016: Salary] Bonas Contabaifon PE. to | Perquisites | Total | ‘Mr Dev, ish Kaushik B00 000= a 0 Mr Vishi ‘Sharma 3,00,000= a Details lot Stock Options: ‘and Conditional Grants made to the Executive Directors NOT APPLICABLE fame ‘Outstanding as at Sist March, ] Options / Grants Exercised Balance as at 31st March, —] 2015 during the year 2016 | Stock] Performance | Sick | Pexfoomanee] Sac Performance Gptions Shares Options _| “Shares. Gptions Shares* _Detafs of Remuneration of Non-Executive Directors for the financial year ended 21st March, 2016. Name Siting Fes | Commission “Total (Rel Laka) —] NIL | RI, 3. Foreign currency transactions and translation Foreign currency transactions are recorded in the repo curterey amount the exehan Initial Recognition: date of the transaction. Mii) | Conversion: Foreigh eurrency monetary items are rep ‘carried in terms of historieal cast denominated jn a rateai| (iil) | Exchange Differences: Exchajge differences arising on the settlement of monetary items, items ¢f Company atrates different from those at which they or repdjrted in previous finaneial statements, are recognized ie date of the transaction, of prafft and loss in the year in which they arise, and Commodity Hed ging Transactions sting currency, ge Fate between the reporting currency: NOT APPLICABLE by applying to the forvign and the foreign currency at the oried using the closing rate, Non-monetary items which are foreign currency are reported using the exchange oF on reporting stich monetary y Were initially recorded during the yeae, asincome or as expenses in the statement Im order td hedge its exposure to foreign exchange and commodity price risks, the Company enters into forward, ojtion, and other derivative financial instruments, The initially fale value a ed at their Fair value on the date of th subsequent balance sheet dates, Foreign Exthange Farnings any deri pi financial instruments for speculative purposes, Company neither holds nor issues Derivative financial instruments are derivative transaction and are ro-measuired at their ering the year the Company has reported faroign exehange earaings of Rs, 0.00 Million (Previous years Rs. 0.09 Million). The foreign exchange outgo on account of impott of rew materials ayiounted fo Re’ 000 Million (Prfvious year: Rs. 0.40 Millon), EXPENDITURE IN FOREIGN CURRENCY: NIL Fantiewlars Current Previous | ProfessionbT and consultants foes Nil Nil Royalty Ril “Nil Limpert affleck intrade Nil Nil Other expenses (advertisement (ees, Gavel, Tright Nil Nil training. of) oyTariieular Canent | Treviows_] Foreign tichange used and earned Nil Nil | Foreign dichange earnings Nil Nal CIF Vash of imports Wil Nil Expenditire in foreign comreney Nil nil 4. Othes/Accounting Standird Compliances: * For tht compilation of the annual accounts for the financial year ended 31.03.2016, the accounting standards Rave been followed along swith proper eparthires, applicable explanation relating to the material * TR Gph Flow statement i prepared by the inlicect methed set out in the accounting standards on ‘asi fifty statement Cash and essh equiva tents forthe purpose of case flow statement comprise cash at band and in hand, + Accomitting Standards (AS) 21- Consolidated Financial Statements": NOT APPLICABLE. * Diluted Earnings Per Share(EPS) pursuant to isue of shates on eeezeise of option caléulated in ‘ecordijnce with [Accounting Standard 20 ‘Eammings Per Share!] + Ascourfing Standard (AS) 23 ~ Accounting for Investments in Associates in Consolidated Financial Statemdnts NOT APPLICABLE for VIPIN|NAGAR & CO. CHARTERED ACCQUNTANT Vd pe ket * ~—VIPINNAGAR . (FCA) M.No. 074041 Dated: 11,)8,2016 Place: MEERUT