WAY FINDERS BRANDS LIMITED

BALANCE SHEET AS AT 31 MARCH 2017

(Amount in INR thousands except as otherwise stated)

Notes As at As at 1 April 2015

31 March 2017 31 March 2016
ASSETS

Non-current assets
Property, Plant and Equipment 4 351 - -
Intangible assets 5 125 165 -
Financial assets 6
Loans 6a 308 - -
Other financial assets 6b 230 214 201
Other non-current assets 7 462 1,782 -

Current assets
Inventories 8 83,588 64,582 -
Financial Assets
Trade Receivables 9 22,599 13,560 -
Cash and cash equivalents 10 427 9,692 789
Other current assets 7 6,000 - -

Total Assets 114,090 89,995 990

EQUITY AND LIABILITIES

Equity
Equity Share capital 11 1,000 1,000 1,000
Other Equity 12 (11,332) (11,459) (143)

LIABILITIES
Current liabilities
Financial Liabilities
Borrowings 13 108,523 60,000 -
Trade Payables 14 13,232 37,524 133
Other current liabilities 15 2,206 2,930 -
Current tax liability 16 461 - -
Total Equity and Liabilities 114,090 89,995 990

Summary of significant accounting policies 2.2

The accompanying notes are an integral part of the financial statements

As per our report of even date For and on behalf of the Board of Directors

For DSP & Associates Rajeev Gopalakrishnan Ram Kumar Gupta

ICAI Firm Registration number: 006791N Director Director
Chartered Accountants DIN: 03438046 DIN: 01125065

Per Sanjay Jain

Partner
Membership no.: 084906
Place: New Delhi
Date: May 15, 2017
WAY FINDERS BRANDS LIMITED

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31 MARCH 2017
(Amount in INR thousands except as otherwise stated)

Notes
31 March 2017 31 March 2016

REVENUE
Revenue from operations 17 70,949 73,150
Other income 18 451 15
Total Revenue 71,400 73,165

EXPENSES
Purchase of traded goods 19 70,768 133,620
(Increase)/ decrease in inventories of finished goods, work-in-progress and 20 (19,006) (64,582)
traded goods
Employee Benefits Expense 21 4,925 5,679
Depreciation and amortization expense 22 127 33
Other Expenses 24 7,781 7,148
Finance Costs 23 6,678 2,583
Total expenses 71,273 84,481

Profit/(loss) before tax 127 (11,316)

Tax expense:
-Current Tax 461 -
- MAT credit (461) -
Total Tax expenses - -
Profit (Loss) for the year 127 (11,316)
Total comprehensive income for the year, net of tax 127 (11,316)

Earnings per equity share 25

Basic and Diluted computed on the basis of profit 1.27 (113.16)

Summary of significant accounting policies 2.2

The accompanying notes are an integral part of the financial statements

As per our report of even date For and on behalf of the Board of Directors

For DSP & Associates Rajeev Gopalakrishnan Ram Kumar Gupta

ICAI Firm Registration number: 006791N Director Director
Chartered Accountants DIN: 03438046 DIN: 01125065

Per Sanjay Jain

Partner
Membership no.: 084906
Place: New Delhi
Date: May 15, 2017