Navitas Green Solutions Private Limited: Standalone Financial Statements For Period 01/04/2016 To 31/03/2017

NAVITAS GREEN SOLUTIONS PRIVATE LIMITED
Standalone Financial Statements for period 01/04/2016 to 31/03/2017
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
NAVITAS GREEN SOLUTIONS
Name of company PRIVATE LIMITED
Corporate identity number U74990GJ2013PTC073551
Permanent account number of entity AAECN2611H
PLOT NO. B-20/3, ROAD NO.
14, HOJIWALA IND. ESTATE,
Address of registered office of company SUSM, SACHIN,, SURAT,
Gujarat, INDIA, 394230
Commercial and
Type of industry Industrial
Whether company is listed company No
Date of board meeting when final accounts were approved 10/07/2017
Period covered by financial statements 12 MONTHS 12 MONTHS
Date of start of reporting period 01/04/2016 01/04/2015
Date of end of reporting period 31/03/2017 31/03/2016
Nature of report standalone consolidated Standalone
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
Whether company is maintaining books of account and other
Yes
relevant books and papers in electronic form
PLOT NO. B-20/3, ROAD NO.
Complete postal address of place of maintenance of computer 14, HOJIWALA IND. ESTATE,
servers (storing accounting data) SUSM, SACHIN,, SURAT,
Gujarat, INDIA, 394230
Name of city of place of maintenance of computer servers (storing
SURAT
accounting data)
Name of state/ union territory of place of maintenance of
GUJARAT
computer servers (storing accounting data)
Pin code of place of maintenance of computer servers (storing
394230
accounting data)
Name of district of place of maintenance of computer servers
SURAT
(storing accounting data)
ISO country code of place of maintenance of computer servers
IND
Name of country of place of maintenance of computer servers
INDIA
Phone (with STD/ ISD code) of place of maintenance of computer
0261-6055123
servers (storing accounting data)
NAVITAS GREEN SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2016 to 31/03/2017
Disclosure of principal product or services [Table] ..(1)

Types of principal product or services [Axis] P1
01/04/2016
to
31/03/2017
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 9983
Description of product or service category Power and Energy
Turnover of product or service category 79,13,57,367.26
Highest turnover contributing product or service (ITC 8 digit) code 99833243
Manufacturing
Description of product or service Industries
Turnover of highest contributing product or service 79,13,57,367.26
[400400] Disclosures - Directors report
Details of shareholding pattern [Table] ..(1)

Shareholders Promoters Individual/HUF
Shareholding pattern [Axis] Indian [Member]
[Member] [Member] [Member]
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Details of shareholding pattern [Abstract]
Details of shareholding pattern [LineItems]
Number of demat shares held at end of period [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of physical shares held end of period [shares] 66,66,660 [shares] 66,66,660 [shares] 66,66,660 [shares] 66,66,660
Total number of shares held at end of period [shares] 66,66,660 [shares] 66,66,660 [shares] 66,66,660 [shares] 66,66,660
Percentage of total shares held at end of period 100.00% 100.00% 100.00% 100.00%
Percentage of change in shares held during year 0.00% 0.00% 0.00% 0.00%
Percentage of total shares held at end of
100.00% 100.00% 100.00% 100.00%
period
100.00% 100.00% 100.00% 100.00%
period
2
Details of shareholding pattern of directors and key managerial personnel [Table] ..(1)
Directors and key managerial personnel [Axis] Dir1 Dir2 Dir3 Dir4
Shareholding at Shareholding at Shareholding at Shareholding at
Change in shareholding [Axis] beginning of year beginning of year beginning of year beginning of year
[Member] [Member] [Member] [Member]
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Total number of shares held at end of period [shares] 11,00,000 [shares] 66,666 [shares] 4,66,666 [shares] 3,66,666
Increase decrease in shareholding during year [shares] 2,00,000 [shares] 6,666 [shares] 46,666 [shares] 36,666
Percentage increase decrease in
2.00% 0.00% 0.00% 0.00%
shareholding during year
17.00% 1.00% 7.00% 6.00%
period
Percentage increase decrease in shareholding
2.00% 0.00% 0.00% 0.00%
during year
Details of shareholding pattern of directors
and key managerial personnel [Abstract]
Details of shareholding pattern of
directors and key managerial personnel
[LineItems]
Name of directors and key managerial
Vinnet Kumar Mittal Sunay Udank Shah Ankit Singhnia Aditya Singhania
personnel
2.00% 0.00% 0.00% 0.00%
17.00% 1.00% 7.00% 6.00%
period
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] DR1 DR2
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director VINEET ADITYA
KUMAR VINOD
Middle name of director KUMAR
VISHWANATH
Last name of director MITTAL SINGHANIA

Designation of director DIRECTOR DIRECTOR
Director identification number of director 06452834 06920247
Date of signing board report 10/07/2017 10/07/2017
3
Details of indebtedness of company [Table] ..(1)

Secured loans excluding deposits
Indebtedness [Axis] Indebtedness [Member]
[Member]
01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
31/03/2017 31/03/2017
Details of indebtedness of company [Abstract]
Details of indebtedness of company [LineItems]
Changes in indebtedness [Abstract]
Addition in indebtedness 0 0
Reduction in indebtedness 6,77,01,874.85 6,60,07,884.85
Total changes in indebtedness -6,77,01,874.85 -6,60,07,884.85
Principal amount at end of financial year 11,52,32,686.61 18,29,34,561.46 8,62,76,049.61 15,22,83,934.46
Total indebtedness at end of financial year 11,52,32,686.61 18,29,34,561.46 8,62,76,049.61 15,22,83,934.46
Details of indebtedness of company [Table] ..(2)

Indebtedness [Axis] Unsecured loans [Member]
01/04/2016
to 31/03/2016
31/03/2017
Details of indebtedness of company [Abstract]
Details of indebtedness of company [LineItems]
Changes in indebtedness [Abstract]
Addition in indebtedness 0
Reduction in indebtedness 16,93,990
Total changes in indebtedness -16,93,990
Principal amount at end of financial year 2,89,56,637 3,06,50,627
Total indebtedness at end of financial year 2,89,56,637 3,06,50,627
Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Material contracts/arrangements/transactions at arm's length basis
t1 t2 t3 t4
[Axis]
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Vishwanath
Name of related party Vinod Kumar Mittal
Singhania
Vineet Kumar Mittal Aditya Singhania
Director or his Director or his Director or his Director or his
Nature of related party relationship relative relative relative relative
Details of material
contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material
contracts/arrangements/transactions at arm's
length basis [LineItems]
Vishwanath
Name of related party Vinod Kumar Mittal
Singhania
Vineet Kumar Mittal Aditya Singhania
Director or his Director or his Director or his Director or his
Nature of related party relationship relative relative relative relative
Description of nature of material
contracts/arrangements/transactions with Interest Interest Remuneration Remuneration
related party
Duration of material
contracts/arrangements/transactions with On demand On demand Monthly Monthly
related party
Dates of approval of material
contracts/arrangements/transactions with 14/04/2016 14/04/2016 14/04/2016 14/04/2016
related party by board
4
Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(2)

Material contracts/arrangements/transactions at arm's length basis [Axis] t5 t6 t7
01/04/2016 01/04/2016 01/04/2016
to to to
31/03/2017 31/03/2017 31/03/2017
Magicrete Building
Name of related party Ankit Singhania Sunay Shah Solutions Private
Limited
Director or his Director or his Director or his
Nature of related party relationship relative relative relative
Details of material contracts/arrangements/transactions at arm's
length basis [Abstract]
Details of material contracts/arrangements/transactions at arm's
length basis [LineItems]
Magicrete Building
Name of related party Ankit Singhania Sunay Shah Solutions Private
Limited
Director or his Director or his Director or his
Nature of related party relationship relative relative relative
Description of nature of material Purchase of goods
Remuneration Remuneration
contracts/arrangements/transactions with related party and services
Duration of material contracts/arrangements/transactions with
Monthly Monthly NA
related party
Dates of approval of material
contracts/arrangements/transactions with related party by 14/04/2016 14/04/2016 14/04/2016
board
Details of shareholding of promoters [Table] ..(1)

Promoters [Axis] P1 P2 P3 P4
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Total number of shares held at end of period [shares] 1,00,000 [shares] 55,533 [shares] 1,00,000 [shares] 55,600
Details of shareholding of promoters [Abstract]
Details of shareholding of promoters [LineItems]
Shareholder’s name ANITA MITTAL PUNEET MITTAL RITA MITTAL VINOD MITTAL
2.00% 1.00% 2.00% 1.00%
period
2.00% 1.00% 2.00% 1.00%
period
5

01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
ALOKKUMAR
VINEET KUMAR SUNAY UDANK CHOTHMAL
Shareholder’s name MITTAL SHAH MITTAL
CHOTHMAL
MITTAL
17.00% 1.00% 2.00% 2.00%
period
17.00% 1.00% 2.00% 2.00%
period

01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
SUDHIR
PIYUSH UDANK A N K I T ADITYA
Shareholder’s name CHOTHMAL
SHAH SINGHANIA SINGHANIA
MITTAL
2.00% 5.00% 7.00% 6.00%
period
2.00% 5.00% 7.00% 6.00%
period
6

01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
SUDHA
VISHWANATH SUNILKUMAR
Shareholder’s name SINGHANIA SARAF
SUNILKUMAR BHARAT SARAF
SARAF
4.00% 4.00% 3.00% 2.00%
period
4.00% 4.00% 3.00% 2.00%
period

01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Percentage of change in shares held during year 0.00% -1.00% -1.00% 2.00%
SAURABH MANOHARLAL PUSHPADEVI MAYANK
Shareholder’s name AGGARWAL SINGHANIA SINGHANIA SINGHANIA
Percentage of change in shares held during year 0.00% -1.00% -1.00% 2.00%
2.00% 13.00% 5.00% 7.00%
period
2.00% 13.00% 5.00% 7.00%
period
7

01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Total number of shares held at end of period [shares] 5,00,000 [shares] 4,00,000 [shares] 55,533 [shares] 2,66,665
Percentage of change in shares held during year -1.00% -1.00% 0.00% 0.00%
RAJ KISHOR INDU VINOD PRATIMA UDANK
Shareholder’s name SHAH
USHA SHAH
MITTAL SHAH
Percentage of change in shares held during year -1.00% -1.00% 0.00% 0.00%
8.00% 6.00% 1.00% 4.00%
period
8.00% 6.00% 1.00% 4.00%
period
Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Product/service 1 Product/service 2
Principal business activities of company [Axis]
[Member] [Member]
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Details of principal business activities contributing 10% or more of total turnover
of company [Abstract]
Details of principal business activities contributing 10% or more of total
turnover of company [LineItems]
Name of main product/service Power and energy Other Income
Manufacturing
Description of main product/service Industries
Other Income
NIC code of product/service 99 74999

Percentage to total turnover of company 99.00% 1.00%
8
Details of change in promoters’ shareholding [Table] ..(1)

Promoters [Axis] p1 p2 p3 p4
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Details of change in promoters’ shareholding
[Abstract]
[LineItems]
Name of promoter Anita Sudhir Mittal Puneet mittal Rita Alok Mittal Vinod Mittal
Increase decrease in shareholding during year [shares] 10,000 [shares] 5,533 [shares] 10,000 [shares] 5,600
0.00% 0.00% 0.00% 0.00%
2.00% 1.00% 2.00% 1.00%
period
0.00% 0.00% 0.00% 0.00%
during year
0.00% 0.00% 0.00% 0.00%
2.00% 1.00% 2.00% 1.00%
period
9

01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
[Abstract]
[LineItems]
Name of promoter Vinnet Kumar Mittal Sunay Udank Shah Chothmal Mittal Alok kumar Mittal
2.00% 0.00% 0.00% 0.00%
17.00% 0.00% 2.00% 2.00%
period
2.00% 0.00% 0.00% 0.00%
during year
2.00% 0.00% 0.00% 0.00%
17.00% 0.00% 2.00% 2.00%
period
10

01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
[Abstract]
[LineItems]
Name of promoter Sudhir Mittal Piyush Udank Shah Ankit Singhnia Aditya Singhania
Increase decrease in shareholding during year [shares] 10,000 [shares] 3,33,333 [shares] 46,666 [shares] 36,666
0.00% 0.00% 0.00% 0.00%
2.00% 5.00% 7.00% 6.00%
period
0.00% 0.00% 0.00% 0.00%
during year
0.00% 0.00% 0.00% 0.00%
2.00% 5.00% 7.00% 6.00%
period
11

01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
[Abstract]
[LineItems]
Vishwanath
Name of promoter Singhania
Sunil Saraf Sudha Saraf Bharat Saraf
0.00% 0.00% 0.00% 0.00%
4.00% 4.00% 3.00% 2.00%
period
0.00% 0.00% 0.00% 0.00%
during year
0.00% 0.00% 0.00% 0.00%
4.00% 4.00% 3.00% 2.00%
period
12

01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
[Abstract]
[LineItems]
Name of promoter Saurabh Aggarwal Mayank Singhnia Indu Mittal Pratima Shah
Increase decrease in shareholding during year [shares] 13,333 [shares] 1,60,000 [shares] 5,533 [shares] 0.04
0.00% 2.00% 0.00% 2666500.00%
2.00% 7.00% 1.00% 4.00%
period
0.00% 2.00% 0.00% 2666500.00%
during year
0.00% 2.00% 0.00% 2666500.00%
2.00% 7.00% 1.00% 4.00%
period
13

01/04/2016
to
31/03/2017
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair [See below]
Company has not
Disclosure relating to amounts if any which is proposed to carry to any transferred any amount
reserves from profit to general
reserve.
The Directors do not
Disclosures relating to amount recommended to be paid as dividend recommended any
dividend.
Details regarding energy conservation [See below]
Details regarding technology absorption [See below]
Details regarding foreign exchange earnings and outgo [See below]
Disclosures in director’s responsibility statement [See below]
Details of material changes and commitment occurred during period Textual information (7)
affecting financial position of company [See below]
Particulars of loans guarantee investment under section 186 [TextBlock] [See below]
Particulars of contracts/arrangements with related parties under section Textual information (9)
188(1) [TextBlock] [See below]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Whether there are material contracts/arrangements/transactions at
Yes
arm's length basis
Disclosure of extract of annual return as provided under section 92(3) Textual information (10)
[TextBlock] [See below]
Details of change in promoters shareholding [TextBlock]
Details of shareholding pattern of directors and key managerial
personnel [TextBlock]
Disclosure of statement on declaration given by independent directors Textual information (11)
under section 149(6) [TextBlock] [See below]
Disclosure for companies covered under section 178(1) on
directors appointment and remuneration including other matters [See below]
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk Textual information (13)
management policy [TextBlock] [See below]
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year [See below]
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Disclosure of financial summary or highlights [TextBlock] [See below]
Disclosure of change in nature of business [TextBlock] [See below]
Details of directors or key managerial personnels who were Textual information (17)
appointed or have resigned during year [TextBlock] [See below]
Disclosure of companies which have become or ceased to be its The Company does not
subsidiaries, joint ventures or associate companies during have any Subsidary.
year [TextBlock]
Details relating to deposits covered under chapter v of companies act Textual information (18)
[TextBlock] [See below]
Details of deposits which are not in compliance with requirements

of chapter v of act [TextBlock]
Details of significant and material orders passed by
regulators or courts or tribunals impacting going concern
status and company’s operations in future [TextBlock]
Details regarding adequacy of internal financial controls with
reference to financial statements [TextBlock]
Disclosure of appointment and remuneration of managerial personnels

[TextBlock]
14

Disclosure of equity shares with differential rights [TextBlock] [See below]
Disclosure of report concerns about unethical behaviour,
actual or suspected fraud or violation of company’s code of [See below]
conduct or ethics policy [TextBlock]
Number of meetings of board 12
15
Disclosure in board of directors report explanatory [Text Block]

REPORT OF BOARD OF DIRECTORS FOR THE YEAR ENDED ON 31ST MARCH 2017 TO THE MEMBERS
Your Directors are pleased to present their Annual Report along with the Audited statement of Accounts for the year ended on 31st March 2017.
1 STATE OF COMPANY AFFAIRS and FINANCIAL HIGHLIGHTS: During the year under review, the Gross Revenue of the
Company is Rs.7974,83,989.91 /- as compared to Rs. 24,83,34,552/- in the previous year. The Profit After Tax during the year amounts to Rs.
95,86,662.30/- as compared to Rs. 12,56,698.72/- in the previous year.
2 TRANSFER TO RESERVE: Company has not transferred any amount from profit to general reserve.
3 DIVIDENDS: The Directors do not recommended any dividend.
4 ANNUAL RETURN: The Extract of Annual Return as required under section 92(3) of the Companies Act, 2013 in Form MGT-9 is
annexed herewith for your kind perusal and information.
5 MEETING OF BOARD OF DIRECTORS: The details of Meetings of Board of Directors held during the Financial Year is enclosed
herewith.
6 DIRECTORS RESPONSIBILITY STATEMENT : Pursuant to the provisions contained in Sec. 134 (5) of the Companies Act, 2013,
the Directors of your Company hereby confirm.
A. That in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation
relating to material departures;
B. That the director have selected such accounting policies and applied them consistently and made judgments and estimates that are
reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit and
loss of the Company for that period;
C. That the director had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the
provisions of this Act for safeguarding the assets of the Company for preventing and detecting fraud and other irregularities;
D. That the director had prepared the annual accounts on a going concern basis;
E. The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively.
7 DECLARATION BY INDEPENDENT DIRECTORS: Particulars of Declaration by Independent Director as required U/s. 134 (3)(d) of
the Companies Act, 2013, is not applicable to your Company
8 NOMINATION AND REMUNERATION COMMITTEE U/S 178: As required U/s. 134(3)(e) of the Companies Act, 2013, the
company does not fall U/s 178, so its not applicable to your company.
9 "AUDITORS: Your board proposes the ratification of appointment of Messrs Mahesh Kumar Mittal and Co., Chartered Accountants, as
Auditors of the Company. Who were appointed for Five years from 30/09/2014 subject to ratification at every Annual General Meeting. The
16
Company has received letter from auditors, to the effect that their appointment, if made, would be within the prescribed limits under Section 139
of the Companies Act, 2013 and that they are not disqualified for such appointment within the meaning of Section 141 of the Companies Act
2013. "
10 COMMENTS ON AUDITOR'S REPORT: The notes referred to in the Auditor's Report are self explanatory and as such they do not call
for any further explanation as required under section 134 of the Companies Act, 2013.
11 LOANS, GUARANTEES AND INVESTMENTS: The details of Loans, Guarantee given and Investments made under section 186 of
the Companies Act, 2013 for the financial year ended 31st March of the year is enclosed hereiwth.
12 RELATED PARTY TRANSCATIONS: The Company is required to enter into various Related Parties Transactions as defined under
Section 188 of the Companies Act, 2013 with related parties as defined under Section 2 (76) of the said Act. Further all the necessary details of
transaction entered with the related parties are attached herewith in Form no. AOC-2 for your kind perusal and information.
13 MATERIAL CHANGES: Due to massive fire at the factory of the company, substantial damages have been incurred by the company.
The assets of the company were duly insured. But then also losess cannot be ruled out after the close of financial year. At this point of time, it is
not possible to quantify the lossess to any reasonable extent.
14 ADDITIONAL INFORMATION:
A. Conservation of Energy: Particulars of energy Conservation required U/s. 134(3)(m) of the Companies Act, 2013 read with the
Companies (Accounts) Rules 2014 is enclosed herewith.
B. Technology absorption: The Company has no R and D Dept. and no expenditure either capital or on recurring A/c has been incurred
during the year under review.
C. Foreign Exchange Earning and Outgo: As per attachment
15 RISK MANAGEMENT: Risks are events, situations or circumstances which may lead to negative consequences on the Company's
businesses. Risk management is a structured approach to manage uncertainty. A formal enterprise wide approach to Risk Management is being
adopted by the Company and key risks will now be managed within a unitary framework. As a formal roll-out, all business divisions and
corporate functions will embrace Risk Management Policy and Guidelines, and make use of these in their decision making. Identified Key
business risks and their mitigation are considered in the annual/strategic business plans and in periodic management reviews. The risk
management process, over the period of time will become embedded into the Company's business systems and processes, such that our responses
to risks remain current and dynamic.
16 CORPORATE SOCIAL RESPONSIBILITY U/S 135: As required U/s. 134(3)(O) of the Companies Act, 2013, the company does not
fall U/s 135, so its not applicable to your company.
17 SUBSIDIARY COMPANY: The Company does not have any Subsidary
18 PUBLIC DEPOSIT: The Company has not accepted any fixed deposits from the public within the meaning of the section 73 of
Companies Act, 2013. The details of loan received from directors and there relatives, not covered under definition of deposits as per rule
2(1)(c)(viii) are attached herewith.
19 DETAILS OF DIRECTORS AND KEY MANAGERIAL PERSONNEL: The details of changes amongst the directors and key
management personnel is enclosed herewith.
20 OTHER DETAILS:
The company has not issued any equity shares with defferentisal voting right etc
17
Your director's further state that during the year under review, there were no cases filed pursuant to the Sexual Harassment of Women at
Workplace (Prevention, Prohibition and Redressal) Act, 2013
21 ACKNOWLEDGEMENT: We would like to thank our Bankers, Auditors, and members for extending their full Co-operation during the
year.
For the Board of Director
Place: Surat Navitas Green Solutions Private Limited
Date: 10-07-2017
Form No. AOC-2
"(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014)"
Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of
section 188 of the Companies Act, 2013 including certain arms length transactions under third proviso thereto:
1 Details of contracts or arrangements or transactions not at arm's length basis
SN Name(s) of the related party and nature of relationship Nature of contracts /arrangements/trans actions Duration of the
contracts / arrangements / transactions Salient terms of the contracts or arrangements or transactions including the value, if any
Justification for entering into such contracts or arrangements or transactions Date(s) of approval by the Board Amount paid as
advances, if any Date on which the special resolution was passed in general meeting as required under first proviso to Section 188
2 Details of material contracts or arrangement or transactions at arm's length basis
SN Name(s) of the related party and nature of relationship Nature of contracts / arrangements / transactions Duration
of the contracts / arrangements / transactions Salient terms of the contracts or arrangements or transactions including the value, if any
Date(s) of approval by the Board, if any Amount paid as advances, if any
1 Vineet Mittal (Director) Vineet Kumar Vinod Kumar Mittal Remuneration Monthly Salary @ 100000/-per month
14-04-2016
2 Sunay Shah (Director) Sunay Udank Shah Remuneration Monthly Salary @ 40000/-per month
14-04-2016
3 Ankit Singhania (Director) Ankit Vishwanath Singhania Remuneration Monthly Salary @ 100000/-per month
14-04-2016
4 Aditya Singhania (Director) Aditya Vishwanath Singhania Remuneration Monthly Salary @ 100000/-per month
14-04-2016
5 Vinod Kumar Mittal (Director's Father) Father of Director Interest On Demand Interest Payble @ 12% P.A.
14-04-2016
6 Vishwanath Singhania (Director's Father) Father of Director Interest On Demand Interest Payble @ 12%
P.A. 14-04-2016
18
7 Magicrete Building Solutions Private Limited (Sister Concern) Purchase of Goods and Services N.A. As
per prevailing market rate 14-04-2016
MEETINGS OF THE BOARD OF DIRECTORS
The following Meetings of the Board of Directors were held during the Financial Year 2016-17:
SN Date of Meeting Board Strength No. of Directors Present
1 14-04-2016 4 4
2 18-05-2016 4 4
3 02-09-2016 4 4
4 27-09-2016 4 4
5 19-10-2016 4 4
6 11-01-2017 4 4
7 17-01-2017 4 4
8 24-01-2017 4 4
9 13-03-2017 4 4
10 17-03-2017 4 4
11 21-03-2017 4 4
12 31-03-2017 4 4
The Company has following Loans, Guarantee given and Investments made under section 186 of the Companies Act, 2013 for the
financial year ended 31st March 2017
Sr. No. Date of Transaction Particular/Purpose/Nature of Transaction Amount of Transaction
1 Earlier Year(s) Investment in Equity instruments 2,00,000/-
2 Earlier Year(s) Fixed Deposit with Surat People co-op Bank 39,43,724/-
3 Earlier Year(s) Security Deposit 10,20,704/- 10,20,704.0
19
LOANS RECEIVED FROM DIRECTORS AND RELATIVES
Sr. No. NAME DIRECTOR/ RELATIVE OF DIRECTOR O/S AMOUNT AS ON YEAR END
1 NIL
CHANGES AMONGST DIRECTOR/ KMP
SN PAN / UIN/ PASSPORT NO/DIN Name Father's/ Mother's / Spouse's Name Nationality Date of Birth Designation
Date of Appointment Date of Ceasing
1 06452834 Vineet Kumar Vinod Kumar Mittal Vinod Kumar Mittal Indian 21-07-1987 Director
13-02-2013
2 03559130 Sunay Udank Shah Udank Shah Indian 23-08-1984 Director 13-02-2013
3 06704626 Ankit Vishwanath Singhania Vishwanath Singhania Indian 17-05-1988 Director 10-07-2014
4 06920247 Aditya Vishwanath Singhania Vishwanath Singhania Indian 09-04-1991 Director 10-07-2014
Director Director
(See Rule 8 of Companies(Accounts) Rules, 2014)
A Conservation of Energy NIL
(i) the steps taken or impact on conservation of energy
(ii) the steps taken by the company for utilising alternate sources of energy
(iii) the capital investment on energy conservation equipment
B Technology absorption NIL
(i) the efforts made towards technology absorption
(ii) the benefits derived like product improvement, cost reduction, product
development or import substituion
(iii) in case of imported technology (imported during last three years reckoned from the beginning of the financial year)
a The details of technology imported
20
b the year of import
c whether the tchnology been fully absorbed
d if not fully absorbed areas where absorption has not taken placeand reasons thereof
(iv) the expenditure incurred on research and development.
C Foreign Exchange Details of Earning in

Foreign Exchange
Current Year Previous Year
Export of goods calculated on FOB basis 2,05,66,820.00
Interest and dividend
Royalty
Know- how
Professional and consultation fees
Other income
Total Earning in Foreign Exchange 2,05,66,820.00
Details of Expenditure in Foreign Exchange
Import of goods calculated on CIF basis
(i)raw material 29,73,27,018.40 19,65,99,579.00
(ii)component and spare parts
(iii)capital goods 11,79,723.98 5,31,48,543.00
Expenditure on account of
(i) Royalty
(ii) Know- HOW
Professional and consultation fees
Interest
21
Other matters
Dividend paid
Total Expenditure in foreign exchange 29,85,06,742.38 24,97,48,122.00
Form No. MGT-9
EXTRACT OF ANNUAL RETURN
As on the financial year ended on 31/03/2017
[Pursuant to Section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014]
I. REGISTRATION AND OTHER DETAILS :
i) CIN U74990GJ2013PTC073551
ii) Registration Date 13/02/2013
iii) Name of the Company NAVITAS GREEN SOLUTIONS PRIVATE LIMITED
iv) Category / Sub-Category of the Company Private company
Limited by shares
Company having share capital
v) Address of the Registered office and contact details Plot No. B-20/3, Road No. 14,, Hojiwala Industrial Estate, Susm,
Sachin, Surat - 394230 Gujarat
Telephone : 7622010602
Fax Number :
Email : accounts@navitassolar.in
vi) Whether listed company No
vii) Name, Address and Contact details of Registrar and Transfer Agent, if any
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY :
All the business activities contributing 10 % or more of the total turnover of the company shall be stated:-
Sl. No. Name and Description of main products / services NIC Code of the Product/ service % to total turnover of the
company
22
1 Power and Energy 99 99.23
2 Other Income 74999 0.77
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES :
S.N0 NAME AND ADDRESS OF THE COMPANY CIN/GLN HOLDING/ SUBSIDIARY/ ASSOCIATE %
of shares held Applicable Section
IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity) :
i) Category-wise Share Holding
Category of Shareholders No. of Shares held at the beginning of the year No. of Shares held at the end of the year %
Change during the year
Demat Physical Total % of Total Shares Demat Physical Total % of Total Shares
A. Promoters
(1) Indian
a) Individual/HUF 6000000 6000000 100.00 6666660 6666660

100.00 0.00
b) Central Govt
c) State Govt (s)
d) Bodies Corp.
e) Banks / FI
f) Any Otherï¿½.
Sub-total (A) (1):- 6000000 6000000 100.00 6666660 6666660 100.00

0.00
(2) Foreign
a) NRIs - Individuals
b) Other - Individuals
c) Bodies Corp.
d) Banks / FI
23
e) Any Otherï¿½.
Sub-total (A) (2):-
Total shareholding of Promoter (A) = (A)(1)+(A)(2) 6000000 6000000 100.00 6666660

6666660 100.00 0.00
B. Public Shareholding
1. Institutions
a) Mutual Funds
b) Banks / FI
c) Central Govt
d) State Govt(s)
e) Venture Capital Funds
f) Insurance Companies
g) FIIs
h) Foreign Venture Capital Funds
i) Others (specify)
Sub-total (B)(1):-
2. Non-Institutions
a) Bodies Corp.
i) Indian
ii) Overseas
b) Individuals
i) Individual shareholders holding nominal share capital upto Rs. 1 lakh
ii) Individual shareholders holding nominal share capital in excess of Rs 1 lakh
c) Others (specify)
Sub-total (B)(2):-
24
Total Public Shareholding (B)=(B)(1)+(B)(2)
C. Shares held by Custodian for GDRs and ADRs
Grand Total (A+B+C) 6000000 6000000 100.00 6666660 6666660

100.00 0.00
(ii) Shareholding of Promoters
Sl No. Shareholder's Name Shareholding at the beginning of the year Share holding at the end of the year
No. of Shares % of total Shares of the company %of Shares Pledged / encumbered to total shares No. of
Shares % of total Shares of the company %of Shares Pledged / encumbered to total shares % change in share holding during the
year
1 ANITA SUDHIR MITTAL 90000 1.50 100000 1.50 0.00
2 PUNEET MITTAL 50000 0.83 55533 0.83 0.00
3 RITA ALOK MITTAL 90000 1.50 100000 1.50 0.00
4 VINOD MITTAL 50000 0.83 55600 0.83 0.00
5 VINEET KUMAR MITTAL 900000 15.00 1100000 16.50 1.50
6 SUNAY UDANK SHAH 60000 1.00 66666 1.00 0.00
7 CHOTHMAL MITTAL 90000 1.50 100000 1.50 0.00
8 ALOKKUMAR CHOTHMAL MITTAL 90000 1.50 100000 1.50 0.00
9 SUDHIR CHOTHMAL MITTAL 90000 1.50 100000 1.50 0.00
10 PIYUSH UDANK SHAH 300000 5.00 333333 5.00 0.00
11 ANKIT SINGHANIA 420000 7.00 466666 7.00 0.00
12 ADITYA SINGHANIA 330000 5.50 366666 5.50 0.00
13 VISHWANATH SINGHANIA 210000 3.50 233333 3.50 0.00
14 SUNILKUMAR SARAF 210000 3.50 233333 3.50 0.00
15 SUDHA SUNILKUMAR SARAF 150000 2.50 166666 2.50 0.00
25
16 BHARAT SARAF 120000 2.00 133333 2.00 0.00
17 SAURABH AGGARWAL 120000 2.00 133333 2.00 0.00
18 MANOHARLAL SINGHANIA 840000 14.00 840000 12.60 -1.40
19 PUSHPADEVI SINGHANIA 300000 5.00 300000 4.50 -0.50
20 MAYANK SINGHANIA 300000 5.00 460000 6.90 1.90
21 RAJ KISHOR SHAH 500000 8.33 500000 7.50 -0.83
22 USHA SHAH 400000 6.67 400000 6.00 -0.67
23 INDU VINOD MITTAL 50000 0.83 55533 0.83 0.00
24 PRATIMA UDANK SHAH 240000 4.00 266665 4.00 0.00
(iii) Change in Promoters' Shareholding ( please specify, if there is no change)
Sl. No. Name Particulars Shareholding at the beginning of the year Cumulative Shareholding during the year
No. of Shares % of total Shares of the company No. of Shares % of total Shares of the company
1 ANITA SUDHIR MITTAL At the beginning of the year 90000 1.50
31/03/2017 - Allotment 10000
At the end of the year 100000 1.50
2 PUNEET MITTAL At the beginning of the year 50000 0.83
31/03/2017 - Allotment 5533
3 RITA ALOK MITTAL At the beginning of the year 90000 1.50
31/03/2017 - Allotment 10000
4 VINOD MITTAL At the beginning of the year 50000 0.83
31/03/2017 - Allotment 5600
26
5 VINEET KUMAR MITTAL At the beginning of the year 900000 15.00
31/03/2017 - Allotment 200000
6 SUNAY UDANK SHAH At the beginning of the year 60000 1.00
31/03/2017 - Allotment 6666
7 CHOTHMAL MITTAL At the beginning of the year 90000 1.50
31/03/2017 - Allotment 10000
8 ALOKKUMAR CHOTHMAL MITTAL At the beginning of the year 90000 1.50
31/03/2017 - Allotment 10000
9 SUDHIR CHOTHMAL MITTAL At the beginning of the year 90000 1.50
31/03/2017 - Allotment 10000
10 PIYUSH UDANK SHAH At the beginning of the year 300000 5.00
31/03/2017 - Allotment 33333
11 ANKIT SINGHANIA At the beginning of the year 420000 7.00
31/03/2017 - Allotment 46666
12 ADITYA SINGHANIA At the beginning of the year 330000 5.50
31/03/2017 - Allotment 36666
27
13 VISHWANATH SINGHANIA At the beginning of the year 210000 3.50
31/03/2017 - Allotment 23333
14 SUNILKUMAR SARAF At the beginning of the year 210000 3.50
31/03/2017 - Allotment 23333
15 SUDHA SUNILKUMAR SARAF At the beginning of the year 150000 2.50
31/03/2017 - Allotment 16666
16 BHARAT SARAF At the beginning of the year 120000 2.00
31/03/2017 - Allotment 13333
17 SAURABH AGGARWAL At the beginning of the year 120000 2.00
31/03/2017 - Allotment 13333
18 MAYANK SINGHANIA At the beginning of the year 300000 5.00
31/03/2017 - Allotment 160000
19 INDU VINOD MITTAL At the beginning of the year 50000 0.83
31/03/2017 - Allotment 5533
20 PRATIMA UDANK SHAH At the beginning of the year 240000 4.00
31/03/2017 - Allotment 26665
28
(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):
For Each of the Top 10 Shareholders No. of Shares % of total Shares of the company No. of Shares % of total Shares of
the company
At the beginning of the year
Date wise Increase / Decrease in Share holding during the year specifying the reasons for increase / decrease (e.g. allotment / transfer / bonus /
sweat equity etc):
At the End of the year ( or on the date of separation, if separated during the year)
(v) Shareholding of Directors and Key Managerial Personnel
Sl.No. Name Particulars Shareholding at the beginning of the year Cumulative Shareholding during the year
No. of Shares % of total Shares of the company No. of Shares % of total Shares of the company
31/03/2017 - Allotment 200000
31/03/2017 - Allotment 6666
31/03/2017 - Allotment 46666
31/03/2017 - Allotment 36666
V. INDEBTEDNESS :
29
Indebtedness of the Company including interest outstanding/accrued but not due for payment
Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtedness
Indebtedness at the beginning of the financial year
i) Principal Amount 152283934.46 30650627 182934561.46
ii) Interest due but not paid
iii) Interest accrued but not due
Total (i+ii+iii) 152283934.46 30650627 182934561.46
Change in Indebtedness during the financial year
Addition
Reduction 66007884.85 1693990 67701874.85
Net Change -66007884.85 -1693990 -67701874.85
Indebtedness at the end of the financial year
Total (i+ii+iii) 86276049.61 28956637 115232686.61
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL :
A. Remuneration to Managing Director, Whole-time Directors and/or Manager
Sl.no. Name of MD/WTD/Manager Gross salary Stock Option Sweat Equity Commission Others
Total Ceiling as per the Act
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961 (c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961
as % of profit others
1 VINEET MITTAL 1200000 1200000
2 SUNAY UDANK SHAH 480000 480000
30
3 ANKIT SINGHANIA 1200000 1200000
4 ADITYA SINGHANIA 1200000 1200000
B. Remuneration to other directors
Sl.no. Name of Directors Independent Directors Total (1) Other Non-Executive Directors Total (2)
Total (1+2) Total Managerial Remuneration Overall Ceiling as per the Act
Fee for attending board / committee meetings Commission Others Fee for attending board
committee meetings Commission Others
C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD
Sl.no. Name of Key Managerial Personnel Gross salary Stock Option Sweat Equity Commission
Others Total
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961 (c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961
VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES :
Type Section of the Companies Act Brief Description Details of Penalty /Punishment/ Compounding fees imposed
Authority [RD / NCLT/ COURT] Appeal made, if any (give Details)
A. COMPANY
Penalty
Punishment
Compounding
B. DIRECTORS
Penalty
Punishment
Compounding
C. OTHER OFFICERS IN DEFAULT
Penalty
Punishment
31
Compounding
Description of state of companies affair

STATE OF COMPANY AFFAIRS & FINANCIAL HIGHLIGHTS: During the year under review, the Gross Revenue of the Company is
Rs.7974,83,989.91 /- as compared to Rs. 24,83,34,552/- in the previous year. The Profit After Tax during the year amounts to Rs. 95,86,662.30/-
as compared to Rs. 12,56,698.72/- in the previous year.
Details regarding energy conservation

A. Conservation of Energy: Particulars of energy Conservation required U/s. 134(3)(m) of the Companies Act, 2013 read with the Companies
(Accounts) Rules 2014 is enclosed herewith. A Conservation of Energy NIL (i) the steps taken or impact on conservation of energy (ii) the steps
taken by the company for utilising alternate sources of energy (iii) the capital investment on energy conservation equipment
Details regarding technology absorption

B. Technology absorption: The Company has no R & D Dept. & no expenditure either capital or on recurring A/c has been incurred during the
year under review. B Technology absorption NIL (i) the efforts made towards technology absorption (ii) the benefits derived like product
improvement, cost reduction, product development or import substituion (iii) in case of imported technology (imported during last three years
reckoned from the beginning of the financial year) a The details of technology imported b the year of import c whether the tchnology been fully
absorbed d if not fully absorbed areas where absorption has not taken place& reasons thereof (iv) the expenditure incurred on research &
development.
Details regarding foreign exchange earnings and outgo

C. Foreign Exchange Earning & Outgo: As per attachment C Foreign Exchange Details of Earning in Foreign Exchange Current Year Previous
Year Export of goods calculated on FOB basis 2,05,66,820.00 Interest and dividend Royalty Know- how Professional & consultation fees Other
income Total Earning in Foreign Exchange 2,05,66,820.00 Details of Expenditure in Foreign Exchange Import of goods calculated on CIF basis
(i)raw material 29,73,27,018.40 19,65,99,579.00 (ii)component and spare parts (iii)capital goods 11,79,723.98 5,31,48,543.00 Expenditure on
account of (i) Royalty (ii) Know- HOW Professional & consultation fees Interest Other matters Dividend paid Total Expenditure in foreign
exchange 29,85,06,742.38 24,97,48,122.00
32
Disclosures in director’s responsibility statement

DIRECTORS RESPONSIBILITY STATEMENT : Pursuant to the provisions contained in Sec. 134 (5) of the Companies Act, 2013, the
Directors of your Company hereby confirm. A. That in the preparation of the annual accounts, the applicable accounting standards have been
followed along with proper explanation relating to material departures; B. That the director have selected such accounting policies and applied
them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the
Company at the end of the financial year and of the profit and loss of the Company for that period; C. That the director had taken proper and
sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the
Company for preventing and detecting fraud and other irregularities; D. That the director had prepared the annual accounts on a going concern
basis; E. The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively.
Details of material changes and commitment occurred during period affecting financial position of company
MATERIAL CHANGES: Due to massive fire at the factory of the company, substantial damages have been incurred by the company. The assets
of the company were duly insured. But then also losess cannot be ruled out after the close of financial year. At this point of time, it is not possible
to quantify the lossess to any reasonable extent.
Particulars of loans guarantee investment under section 186 [Text Block]

LOANS, GUARANTEES AND INVESTMENTS: The details of Loans, Guarantee given and Investments made under section 186 of the
Companies Act, 2013 for the financial year ended 31st March of the year is enclosed hereiwth.
The Company has following Loans, Guarantee given and Investments made under section 186 of the Companies Act, 2013 for the financial year
ended 31st March 2017:
Sr. No. Date of Transaction Particular/Purpose/Nature of Transaction Amount of Transaction
1 Earlier Year(s) Investment in Equity instruments 2,00,000/-
2 Earlier Year(s) Fixed Deposit with Surat People co-op Bank 39,43,724/-
3 Earlier Year(s) Security Deposit 10,20,704/- 10,20,704.00
33
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
RELATED PARTY TRANSCATIONS: The Company is required to enter into various Related Parties Transactions as defined under Section 188
of the Companies Act, 2013 with related parties as defined under Section 2 (76) of the said Act. Further all the necessary details of transaction
entered with the related parties are attached herewith in Form no. AOC-2 for your kind perusal and information. .
Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of
section 188 of the Companies Act, 2013 including certain arms length transactions under third proviso thereto:
1 Details of contracts or arrangements or transactions not at arm's length basis
SN Name(s) of the related party and nature of relationship Nature of contracts /arrangements/trans actions Duration of the
contracts / arrangements / transactions Salient terms of the contracts or arrangements or transactions including the value, if any
Justification for entering into such contracts or arrangements or transactions Date(s) of approval by the Board Amount paid as
advances, if any Date on which the special resolution was passed in general meeting as required under first proviso to Section 188
2 Details of material contracts or arrangement or transactions at arm's length basis
SN Name(s) of the related party and nature of relationship Nature of contracts / arrangements / transactions Duration
of the contracts / arrangements / transactions Salient terms of the contracts or arrangements or transactions including the value, if any
Date(s) of approval by the Board, if any Amount paid as advances, if any
1 Vineet Mittal (Director) Vineet Kumar Vinod Kumar Mittal Remuneration Monthly Salary @ 100000/-per month
14-04-2016
2 Sunay Shah (Director) Sunay Udank Shah Remuneration Monthly Salary @ 40000/-per month
14-04-2016
3 Ankit Singhania (Director) Ankit Vishwanath Singhania Remuneration Monthly Salary @ 100000/-per month
14-04-2016
4 Aditya Singhania (Director) Aditya Vishwanath Singhania Remuneration Monthly Salary @ 100000/-per month
14-04-2016
5 Vinod Kumar Mittal (Director's Father) Father of Director Interest On Demand Interest Payble @ 12% P.A.
14-04-2016
6 Vishwanath Singhania (Director's Father) Father of Director Interest On Demand Interest Payble @ 12%
P.A. 14-04-2016
7 Magicrete Building Solutions Private Limited (Sister Concern) Purchase of Goods and Services N.A. As
per prevailing market rate 14-04-2016
34
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
ANNUAL RETURN: The Extract of Annual Return as required under section 92(3) of the Companies Act, 2013 in Form MGT-9 is annexed
herewith for your kind perusal and information.
Form No. MGT-9
EXTRACT OF ANNUAL RETURN
As on the financial year ended on 31/03/2017
[Pursuant to Section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014]
I. REGISTRATION AND OTHER DETAILS :
i) CIN U74990GJ2013PTC073551
ii) Registration Date 13/02/2013
iii) Name of the Company NAVITAS GREEN SOLUTIONS PRIVATE LIMITED
iv) Category / Sub-Category of the Company Private company
Limited by shares
Company having share capital
v) Address of the Registered office and contact details Plot No. B-20/3, Road No. 14,, Hojiwala Industrial Estate, Susm,
Sachin, Surat - 394230 Gujarat
Telephone : 7622010602
Fax Number :
35
Email : accounts@navitassolar.in
vi) Whether listed company No
vii) Name, Address and Contact details of Registrar and Transfer Agent, if any
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY :
All the business activities contributing 10 % or more of the total turnover of the company shall be stated:-
Sl. No. Name and Description of main products / services NIC Code of the Product/ service % to total turnover of the
company
1 Other Business Activities 74 99.23
2 Other Income 74999 0.77
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES :
S.N0 NAME AND ADDRESS OF THE COMPANY CIN/GLN HOLDING/ SUBSIDIARY/ ASSOCIATE %
of shares held Applicable Section
36
IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity) :
i) Category-wise Share Holding
Category of Shareholders No. of Shares held at the beginning of the year No. of Shares held at the end of the year %
Change during the year
Demat Physical Total % of Total Shares Demat Physical Total % of Total Shares
A. Promoters
(1) Indian
a) Individual/HUF 6000000 6000000 100.00 6666660 6666660

100.00 0.00
b) Central Govt
c) State Govt (s)
d) Bodies Corp.
e) Banks / FI
f) Any Otherï¿½.
Sub-total (A) (1):- 6000000 6000000 100.00 6666660 6666660

100.00 0.00
(2) Foreign
a) NRIs - Individuals
b) Other - Individuals
c) Bodies Corp.
37
d) Banks / FI
e) Any Otherï¿½.
Sub-total (A) (2):-
Total shareholding of Promoter (A) = (A)(1)+(A)(2) 6000000 6000000 100.00

6666660 6666660 100.00 0.00
B. Public Shareholding
1. Institutions
a) Mutual Funds
b) Banks / FI
c) Central Govt
d) State Govt(s)
e) Venture Capital Funds
f) Insurance Companies
g) FIIs
h) Foreign Venture Capital Funds
i) Others (specify)
Sub-total (B)(1):-
2. Non-Institutions
a) Bodies Corp.
i) Indian
ii) Overseas
b) Individuals
i) Individual shareholders holding nominal share capital upto Rs. 1 lakh
ii) Individual shareholders holding nominal share capital in excess of Rs 1 lakh "
38
c) Others (specify)
Sub-total (B)(2):-
Total Public Shareholding (B)=(B)(1)+(B)(2)
C. Shares held by Custodian for GDRs and ADRs
Grand Total (A+B+C) 6000000 6000000 100.00 6666660 6666660

100.00 0.00
(ii) Shareholding of Promoters
Sl No. Shareholder's Name Shareholding at the beginning of the year Share holding at the end of the year
No. of Shares % of total Shares of the company %of Shares Pledged / encumbered to total shares
No. of Shares % of total Shares of the company %of Shares Pledged / encumbered to total shares % change in share holding
during the year
1 ANITA SUDHIR MITTAL 90000 1.50 100000 1.50 0.00
2 PUNEET MITTAL 50000 0.83 55533 0.83 0.00
3 RITA ALOK MITTAL 90000 1.50 100000 1.50 0.00
4 VINOD MITTAL 50000 0.83 55600 0.83 0.00
5 VINEET KUMAR MITTAL 900000 15.00 1100000 16.50 1.50
6 SUNAY UDANK SHAH 60000 1.00 66666 1.00 0.00
7 CHOTHMAL MITTAL 90000 1.50 100000 1.50 0.00
39
8 ALOKKUMAR CHOTHMAL MITTAL 90000 1.50 100000 1.50 0.00
9 SUDHIR CHOTHMAL MITTAL 90000 1.50 100000 1.50 0.00
10 PIYUSH UDANK SHAH 300000 5.00 333333 5.00 0.00
11 ANKIT SINGHANIA 420000 7.00 466666 7.00 0.00
12 ADITYA SINGHANIA 330000 5.50 366666 5.50 0.00
13 VISHWANATH SINGHANIA 210000 3.50 233333 3.50 0.00
14 SUNILKUMAR SARAF 210000 3.50 233333 3.50 0.00
15 SUDHA SUNILKUMAR SARAF 150000 2.50 166666 2.50 0.00
16 BHARAT SARAF 120000 2.00 133333 2.00 0.00
17 SAURABH AGGARWAL 120000 2.00 133333 2.00 0.00
18 MANOHARLAL SINGHANIA 840000 14.00 840000 12.60 -1.40
19 PUSHPADEVI SINGHANIA 300000 5.00 300000 4.50 -0.50
20 MAYANK SINGHANIA 300000 5.00 460000 6.90 1.90
21 RAJ KISHOR SHAH 500000 8.33 500000 7.50 -0.83
22 USHA SHAH 400000 6.67 400000 6.00 -0.67
23 INDU VINOD MITTAL 50000 0.83 55533 0.83 0.00
24 PRATIMA UDANK SHAH 240000 4.00 266665 4.00 0.00
(iii) Change in Promoters' Shareholding ( please specify, if there is no change)
No. of Shares % of total Shares of the company No. of Shares % of total Shares of
the company
40
1 ANITA SUDHIR MITTAL At the beginning of the year 90000 1.50
31/03/2017 - Allotment 10000
2 PUNEET MITTAL At the beginning of the year 50000 0.83
31/03/2017 - Allotment 5533
3 RITA ALOK MITTAL At the beginning of the year 90000 1.50
31/03/2017 - Allotment 10000
4 VINOD MITTAL At the beginning of the year 50000 0.83
31/03/2017 - Allotment 5600
31/03/2017 - Allotment 200000
31/03/2017 - Allotment 6666
7 CHOTHMAL MITTAL At the beginning of the year 90000 1.50
31/03/2017 - Allotment 10000
8 ALOKKUMAR CHOTHMAL MITTAL At the beginning of the year 90000 1.50
31/03/2017 - Allotment 10000
41
9 SUDHIR CHOTHMAL MITTAL At the beginning of the year 90000 1.50
31/03/2017 - Allotment 10000
10 PIYUSH UDANK SHAH At the beginning of the year 300000 5.00
31/03/2017 - Allotment 33333
31/03/2017 - Allotment 46666
31/03/2017 - Allotment 36666
13 VISHWANATH SINGHANIA At the beginning of the year 210000 3.50
31/03/2017 - Allotment 23333
14 SUNILKUMAR SARAF At the beginning of the year 210000 3.50
31/03/2017 - Allotment 23333
15 SUDHA SUNILKUMAR SARAF At the beginning of the year 150000 2.50
31/03/2017 - Allotment 16666
16 BHARAT SARAF At the beginning of the year 120000 2.00
31/03/2017 - Allotment 13333
42
17 SAURABH AGGARWAL At the beginning of the year 120000 2.00
31/03/2017 - Allotment 13333
18 MAYANK SINGHANIA At the beginning of the year 300000 5.00
31/03/2017 - Allotment 160000
19 INDU VINOD MITTAL At the beginning of the year 50000 0.83
31/03/2017 - Allotment 5533
20 PRATIMA UDANK SHAH At the beginning of the year 240000 4.00
31/03/2017 - Allotment 26665
(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):
For Each of the Top 10 Shareholders No. of Shares % of total Shares of the company No.
of Shares % of total Shares of the company
At the beginning of the year
Date wise Increase / Decrease in Share holding during the year specifying the reasons for increase /
decrease (e.g. allotment / transfer / bonus / sweat equity etc):
At the End of the year ( or on the date of separation, if separated during the year)
43
(v) Shareholding of Directors and Key Managerial Personnel
Sl.No. Name Particulars Shareholding at the beginning of the year Cumulative Shareholding during the year
No. of Shares % of total Shares of the company No. of Shares % of total Shares of
the company
31/03/2017 - Allotment 200000
31/03/2017 - Allotment 6666
31/03/2017 - Allotment 46666
31/03/2017 - Allotment 36666
V. INDEBTEDNESS :
Indebtedness of the Company including interest outstanding/accrued but not due for payment
44
Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtedness
Indebtedness at the beginning of the financial year
Total (i+ii+iii) 152283934.46 30650627 182934561.46
Change in Indebtedness during the financial year
Addition
Reduction 66007884.85 1693990 67701874.85
Net Change -66007884.85 -1693990 -67701874.85
Indebtedness at the end of the financial year
Total (i+ii+iii) 86276049.61 28956637 115232686.61
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL :
A. Remuneration to Managing Director, Whole-time Directors and/or Manager
Sl.no. Name of MD/WTD/Manager Gross salary Stock Option Sweat Equity Commission Others
Total Ceiling as per the Act
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 (b) Value of
perquisites u/s 17(2) Income-tax Act, 1961 (c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961
1 VINEET MITTAL 1200000 1200000
45
2 SUNAY UDANK SHAH 480000 480000
3 ANKIT SINGHANIA 1200000

1200000
4 ADITYA SINGHANIA 1200000

1200000
B. Remuneration to other directors
Sl.no. Name of Directors Independent Directors Total (1) Other Non-Executive Directors Total (2)
Total (1+2) Total Managerial Remuneration Overall Ceiling as per the Act
Fee for attending board / committee meetings Commission Others Fee for attending board
committee meetings Commission Others
C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD
Sl.no. Name of Key Managerial Personnel Gross salary Stock Option Sweat Equity Commission
Others Total
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 (b) Value of
perquisites u/s 17(2) Income-tax Act, 1961 (c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961
VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES :
Type Section of the Companies Act Brief Description Details of Penalty /Punishment/ Compounding fees imposed
Authority [RD / NCLT/ COURT] Appeal made, if any (give Details)
46
A. COMPANY
Penalty
Punishment
Compounding
B. DIRECTORS
Penalty
Punishment
Compounding
C. OTHER OFFICERS IN DEFAULT
Penalty
Punishment
Compounding
Disclosure of statement on declaration given by independent directors under section 149(6) [Text Block]
DECLARATION BY INDEPENDENT DIRECTORS: Particulars of Declaration by Independent Director as required U/s. 134 (3)(d) of the
Companies Act, 2013, is not applicable to your Company.
Disclosure for companies covered under section 178(1) on directors appointment and remuneration including other
matters provided under section 178(3) [Text Block]
NOMINATION AND REMUNERATION COMMITTEE U/S 178: As required U/s. 134(3)(e) of the Companies Act, 2013, the company does
not fall U/s 178, so its not applicable to your company.
47
Disclosure of statement on development and implementation of risk management policy [Text Block]
RISK MANAGEMENT: Risks are events, situations or circumstances which may lead to negative consequences on the Company's businesses.
Risk management is a structured approach to manage uncertainty. A formal enterprise wide approach to Risk Management is being adopted by
the Company and key risks will now be managed within a unitary framework. As a formal roll-out, all business divisions and corporate functions
will embrace Risk Management Policy and Guidelines, and make use of these in their decision making. Identified Key business risks and their
mitigation are considered in the annual/strategic business plans and in periodic management reviews. The risk management process, over the
period of time will become embedded into the Company's business systems and processes, such that our responses to risks remain current and
dynamic.
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
CORPORATE SOCIAL RESPONSIBILITY U/S 135: As required U/s. 134(3)(O) of the Companies Act, 2013, the company does not fall U/s
135, so its not applicable to your company.
Disclosure of financial summary or highlights [Text Block]

STATE OF COMPANY AFFAIRS and FINANCIAL HIGHLIGHTS: During the year under review, the Gross Revenue of the Company is
Rs.7974,83,989.91 /- as compared to Rs. 24,83,34,552/- in the previous year. The Profit After Tax during the year amounts to Rs. 95,86,662.30/-
as compared to Rs. 12,56,698.72/- in the previous year.
Disclosure of change in nature of business [Text Block]

Due to massive fire at the factory of the company, substantial damages have been incurred by the company. The assets of the company were duly
insured. But then also losess cannot be ruled out after the close of financial year. At this point of time, it is not possible to quantify the lossess to
any reasonable extent.
48
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]
DETAILS OF DIRECTORS AND KEY MANAGERIAL PERSONNEL: The details of changes amongst the directors and key management
personnel is enclosed herewith.
CHANGES AMONGST DIRECTOR/ KMP
SN PAN / UIN/ PASSPORT NO/DIN Name Father's/ Mother's / Spouse's Name Nationality Date of Birth Designation
Date of Appointment Date of Ceasing
1 06452834 Vineet Kumar Vinod Kumar Mittal Vinod Kumar Mittal Indian 21-07-1987 Director
13-02-2013
2 03559130 Sunay Udank Shah Udank Shah Indian 23-08-1984 Director 13-02-2013
3 06704626 Ankit Vishwanath Singhania Vishwanath Singhania Indian 17-05-1988 Director 10-07-2014
4 06920247 Aditya Vishwanath Singhania Vishwanath Singhania Indian 09-04-1991 Director 10-07-2014
Details relating to deposits covered under chapter v of companies act [Text Block]
PUBLIC DEPOSIT: The Company has not accepted any fixed deposits from the public within the meaning of the section 73 of Companies Act,
2013. The details of loan received from directors and there relatives, not covered under definition of deposits as per rule 2(1)(c)(viii) are attached
herewith.
LOANS RECEIVED FROM DIRECTORS AND RELATIVES
Sr. No. NAME DIRECTOR/ RELATIVE OF DIRECTOR O/S AMOUNT AS ON YEAR END
1 NIL
49
Disclosure of equity shares with differential rights [Text Block]

The company has not issued any equity shares with defferentisal voting right etc.
Disclosure of report concerns about unethical behaviour, actual or suspected fraud or violation of company’s code of
conduct or ethics policy [Text Block]
Your director's further state that during the year under review, there were no cases filed pursuant to the Sexual Harassment of Women at
Workplace (Prevention, Prohibition and Redressal) Act, 2013
50
[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]
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
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]
Disclosure in auditors report relating to fixed assets YES
(a) 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 (21) [See below]
Textual information
Disclosure relating to title deeds of immovable properties (22) [See below]
Textual information
Disclosure in auditors report relating to inventories (23) [See below]
Textual information
Disclosure in auditors report relating to loans (24) [See below]
Disclosure about loans granted to parties covered under section 189 of companies Textual information
act (25) [See below]
Textual information
Disclosure relating to terms and conditions of loans granted (26) [See below]
Textual information
Disclosure regarding receipt of loans granted (27) [See below]
There are no
overdue amounts in
respect of the loan
granted to a body
Disclosure regarding terms of recovery of loans granted corporate listed in
the register
maintained under
section 189 of the
Act.
Disclosure in auditors report relating to compliance with Section 185 and 186 of Textual information
Companies Act, 2013 (28) [See below]
The Company has
not accepted any
Disclosure in auditors report relating to deposits accepted deposits from the
public.
Textual information
Disclosure in auditors report relating to maintenance of cost records (29) [See below]
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (30) [See below]
Disclosure relating to regularity in payment of undisputed statutory dues Textual information
[TextBlock] (31) [See below]
Textual information
Disclosure relating to disputed statutory dues [TextBlock] (32) [See below]
The Company has
taken term loan from
Nissan Renault
Financial Services
Disclosure in auditors report relating to default in repayment of financial dues India Pvt. Ltd. for
purchase of Nissan
Lodge RXL during
the year.
51
The Company has

made allotment of
6,66,660 number of
equity shares by
Disclosure in auditors report relating to public offer and term loans used for private placement
purpose for which those were raised during the year.
Company raised Rs.
66,66,600.00 by
allotment of equity
shares.
According to the
information and
explanations given
to us, no material
fraud by the
Disclosure in auditors report relating to fraud by the company or on the Company or on the
company by its officers or its employees reported during period Company by its
officers or
employees has been
noticed or reported
during the course of
our audit.
Remuneration paid
to director's
Disclosure in auditors report relating to managerial remuneration amounting to
Rs.40,80,000/-
during the year.
In our opinion and
according to the
information and
explanations given
to us, the Company
Disclosure in auditors report relating to Nidhi Company is not a nidhi
company.
Accordingly,
paragraph 3(xii) of
the Order is not
applicable.
Textual information
Disclosure in auditors report relating to transactions with related parties (33) [See below]
According to the
information and
explanations give to
us and based on our
examination of the
Disclosure in auditors report relating to preferential allotment or private
records of the
placement of shares or convertible debentures Company, the
Company has made
private placement of
shares during the
year.
Disclosure in auditors report relating to non-cash transactions with directors Textual information
or persons connected with him (34) [See below]
The Company is not
required to be
Disclosure in auditors report relating to registration under section 45-IA of registered under
Reserve Bank of India Act, 1934 section 45-IA of the
Reserve Bank of
India Act 1934.
52
Details regarding auditors [Table] ..(1)

Auditors [Axis] A1
01/04/2016
to
31/03/2017
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
MAHESH KUMAR
Name of audit firm MITTAL & CO.
MAHESH KUMAR
Name of auditor signing report MITTAL
Firms registration number of audit firm 127309W
Membership number of auditor 026501
403, METRO
Address of auditors TOWER, RING
ROAD, SURAT.
Permanent account number of auditor or auditor's firm AAYFM5375Q
SRN of form ADT-1 S44038933
Date of signing audit report by auditors 10/07/2017
Date of signing of balance sheet by auditors 10/07/2017

01/04/2016
to
31/03/2017
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 relating to physical verification and material discrepancies of fixed assets

(b) The Company has a regular program of physical verification of its fixed assets by which fixed assets are verified in a phased manner over a
period of three years. In accordance with this program, certain fixed assets were verified during the year and no material discrepancies were
noticed on such verification. In our opinion, this periodicity of physical verification is reasonable having regard to the size of the Company and
the nature of its assets.
Disclosure relating to title deeds of immovable properties

(c) According to the information and explanations given to us and on the basis of our examination of the records of the Company, the title deeds
of immovable properties are held in the name of the Company.
Disclosure in auditors report relating to inventories

As explained to us, the inventory has been physically verified at reasonable intervals during the year by the management. In our opinion, the
frequency of verification is reasonable. The discrepancies noticed on verification between the physical stocks and the book records were not
material.
53
Disclosure in auditors report relating to loans

As explained to us, the company had not granted any loans, secured or unsecured, to any companies, firms, Limited Liability Partnerships or other
parties covered in the register maintained under section 189 of the Act. (a) In our opinion, the rate of interest and other terms and conditions on
which the loans had been granted to the bodies corporate listed in the register maintained under Section 189 of the Act were not, prima facie,
prejudicial to the interest of the Company (b) In the case of the loans granted to the bodies corporate listed in the register maintained under
section 189 of the Act, the borrowers have been regular in the payment of the principal and interest as stipulated. (c) There are no overdue
amounts in respect of the loan granted to a body corporate listed in the register maintained under section 189 of the Act.
Disclosure about loans granted to parties covered under section 189 of companies act
As explained to us, the company had not granted any loans, secured or unsecured, to any companies, firms, Limited Liability Partnerships or other
parties covered in the register maintained under section 189 of the Act.
Disclosure relating to terms and conditions of loans granted

In our opinion, the rate of interest and other terms and conditions on which the loans had been granted to the bodies corporate listed in the register
maintained under Section 189 of the Act were not, prima facie, prejudicial to the interest of the Company
Disclosure regarding receipt of loans granted

In the case of the loans granted to the bodies corporate listed in the register maintained under section 189 of the Act, the borrowers have been
regular in the payment of the principal and interest as stipulated.
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, the Company has complied with the provisions of section 185 and
186 of the Act, with respect to the loans and investments made.
Disclosure in auditors report relating to maintenance of cost records

We have broadly reviewed the records maintained by the Company pursuant to the rules prescribed by Central Government for maintenance of
cost records under sub section 1 of Section 148 of the Act and are of the opinion that prima facie, the prescribed accounts and records have been
made and maintained. However, we have not made a detailed examination of the records with a view to determine whether they are accurate or
complete.
54
Disclosure in auditors report relating to statutory dues [Text Block]

According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts deducted/
accrued in the books of account in respect of undisputed statutory dues including provident fund, income-tax, sales tax, value added tax, duty of
customs, service tax, cess and other material statutory dues have been regularly deposited during the year by the Company with the appropriate
authorities. As explained to us, the Company did not have any dues on account of employees' state insurance and duty of excise.
Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]

According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund, income tax, sales tax,
value added tax, duty of customs, service tax, cess and other material statutory dues were in arrears as at 31 March 2017 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 explanations given to us, there are no material dues of duty of customs which have not been deposited with the
appropriate authorities on account of any dispute.
Disclosure in auditors report relating to transactions with related parties

According to the information and explanations given to us and based on our examination of the records of the Company, transactions with the
related parties are in compliance with sections 177 and 188 of the Act where applicable and details of such transactions have been disclosed in the
financial statements as required by the applicable accounting standards.
Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not
entered into non-cash transactions with directors or persons connected with him. Accordingly, paragraph 3(xv) of the Order is not applicable.
55
Disclosure in auditor’s report explanatory [Text Block]

Independent Auditor's Report
To the Members of Navitas Green Solutions Private Limited
Report on the Financial Statements
We have audited the accompanying financial statements of Navitas Green Solutions Private Limited, which comprise the balance sheet as at 31
March 2017, the statement of profit and loss and the cash flow statement for the year then ended, and a summary of significant accounting
policies and other explanatory information.
Management's Responsibility for the Financial Statements
The Company's Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 ("the Act") with respect to
the preparation and presentation of these financial statements that give a true and fair view of the financial position, financial performance and
cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards
specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes maintenance
of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and
detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are
reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for
ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that
give a true and fair view and are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We have taken into account the provisions of the
Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and
the Rules made thereunder.
We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that
we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are
free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The
procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements,
whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company's
preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances.
An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by
the Company's Directors, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the financial
statements.
Opinion
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the
information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally
accepted in India, of the state of affairs of the Company as at 31 March 2017 and its profit and its cash flows for the year ended on that date.
Report on Other Legal and Regulatory Requirements
56
1. As required by the Companies (Auditor's Report) Order, 2017 ("the Order") issued by the Central Government of India in terms of
sub-section (11) of section 143 of the Act, we give in the Annexure A, a statement on the matters specified in the paragraph 3 and 4 of the order.
2. As required by Section 143 (3) of the Act, we report that:
(a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purposes of our audit.
(b) In our opinion proper books of account as required by law have been kept by the Company so far as it appears from our examination of
those books;
(c) The balance sheet, the statement of profit and loss and the cash flow statement dealt with by this Report are in agreement with the books
of account;
(d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read
with Rule 7 of the Companies (Accounts) Rules, 2014;
(e) On the basis of the written representations received from the directors as on 31 March 2017 taken on record by the Board of
Directors, none of the directors is disqualified as on 31 March 2017 from being appointed as a director in terms of Section 164 (2) of the Act;
(f) With respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating effectiveness of
such controls, refer to our separate report in "Annexure B"; and
(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.
(h) The Company has provided requisite disclosures in financial statements dealings in Specified Bank Notes during the period from 8
November 2016 to 30 December 2016. Based on audit procedures and relying on the management representation, we report that the disclosures
are in accordance with books of account maintained by the Company and as produced to us by the Management - Refer Note 18 to the notes of
accounts to financial statements.
For Mahesh Kumar Mittal and Co.
Chartered Accountants
Firm's Registration Number: 127309W
Mahesh Kumar Mittal
Partner
Membership Number: 026501
Surat
10TH July 2017
57
Annexure - A to the Auditors' Report
The Annexure referred to in Independent Auditors' Report to the members of the Company on the
Financial statements for the year ended 31 March 2017, we report that:
(i) (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed
assets.
(b) The Company has a regular program of physical verification of its fixed assets by which fixed assets are verified in a phased
manner over a period of three years. In accordance with this program, certain fixed assets were verified during the year and no material
discrepancies were noticed on such verification. In our opinion, this periodicity of physical verification is reasonable having regard to the size of
the Company and the nature of its assets.
(c) According to the information and explanations given to us and on the basis of our examination of the records of the Company,
the title deeds of immovable properties are held in the name of the Company.
(ii) As explained to us, the inventory has been physically verified at reasonable intervals during the year by the management. In
our opinion, the frequency of verification is reasonable. The discrepancies noticed on verification between the physical stocks and the book
records were not material.
(iii) As explained to us, the company had not granted any loans, secured or unsecured, to any companies, firms, Limited Liability
Partnerships or other parties covered in the register maintained under section 189 of the Act.
(a) In our opinion, the rate of interest and other terms and conditions on which the loans had been granted to the bodies corporate
listed in the register maintained under Section 189 of the Act were not, prima facie, prejudicial to the interest of the Company
(b) In the case of the loans granted to the bodies corporate listed in the register maintained under section 189 of the Act, the
borrowers have been regular in the payment of the principal and interest as stipulated.
(c) There are no overdue amounts in respect of the loan granted to a body corporate listed in the register maintained under section
189 of the Act.
(iv) In our opinion and according to the information and explanations given to us, the Company has complied with the provisions
of section 185 and 186 of the Act, with respect to the loans and investments made.
(v) The Company has not accepted any deposits from the public.
(vi) We have broadly reviewed the records maintained by the Company pursuant to the rules prescribed by Central Government for
maintenance of cost records under sub section 1 of Section 148 of the Act and are of the opinion that prima facie, the prescribed accounts and
records have been made and maintained. However, we have not made a detailed examination of the records with a view to determine whether
they are accurate or complete.
(vii) (a) According to the information and explanations given to us and on the basis of our examination of the records of the Company,
amounts deducted/ accrued in the books of account in respect of undisputed statutory dues including provident fund, income-tax, sales tax, value
added tax, duty of customs, service tax, cess and other material statutory dues have been regularly deposited during the year by the Company with
the appropriate authorities. As explained to us, the Company did not have any dues on account of employees' state insurance and duty of excise.
According to the information and explanations given to us, no undisputed amounts payable in respect of provident fund,
income tax, sales tax, value added tax, duty of customs, service tax, cess and other material statutory dues were in arrears as at 31 March 2017 for
a period of more than six months from the date they became payable.
58
(b) According to the information and explanations given to us, there are no material dues of duty of customs whic have not been deposited with
the appropriate authorities on account of any dispute.
(viii) The Company has taken term loan from Nissan Renault Financial Services India Pvt. Ltd. for purchase of Nissan Lodge RXL during the
year.
(ix) The Company has made allotment of 6,66,660 number of equity shares by private placement during the year. Company raised Rs.
66,66,600.00 by allotment of equity shares.
(x) According to the information and explanations given to us, no material fraud by the Company or on the Company by its officers or
employees has been noticed or reported during the course of our audit.
(xi) Remuneration paid to director's amounting to Rs.40,80,000/- during the year.
(xii) In our opinion and according to the information and explanations given to us, the Company is not a nidhi company. Accordingly,
paragraph 3(xii) of the Order is not applicable.
(xiii) According to the information and explanations given to us and based on our examination of the records of the Company, transactions
with the related parties are in compliance with sections 177 and 188 of the Act where applicable and details of such transactions have been
disclosed in the financial statements as required by the applicable accounting standards.
(xiv) According to the information and explanations give to us and based on our examination of the records of the Company, the Company
has made private placement of shares during the year.
(xv) According to the information and explanations given to us and based on our examination of the records of the Company, the Company
has not entered into non-cash transactions with directors or persons connected with him. Accordingly, paragraph 3(xv) of the Order is not
applicable.
(xvi) The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act 1934.
Mahesh Kumar Mittal
Partner
Surat
10th July 2017
59
Annexure - B to the Auditors' Report
Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the
Companies Act, 2013 ("the Act")
We have audited the internal financial controls over financial reporting of Navitas Green Solutions Private Limited as of 31 March 2017 in
conjunction with our audit of the financial statements of the Company for the year ended on that date.
Management's Responsibility for Internal Financial Controls
The Company's management is responsible for establishing and maintaining internal financial controls based on the internal control over financial
reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of
Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India ('ICAI'). These responsibilities
include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the
orderly and efficient conduct of its business, including adherence to company's policies, the safeguarding of its assets, the prevention and
detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial
information, as required under the Companies Act, 2013.
Auditors' Responsibility
Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting based on our audit. We conducted
our audit in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the "Guidance Note") and the
Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to
an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered
Accountants of India. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to
obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if
such controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial
reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of
internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and
operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor's judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company's
internal financial controls system over financial reporting.
Meaning of Internal Financial Controls over Financial Reporting
A company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
A company's internal financial control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide
reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorisations of
management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorised
acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.
Inherent Limitations of Internal Financial Controls over Financial Reporting
Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper
management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation
of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial
reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may
deteriorate.
60
Opinion
In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal
financial controls over financial reporting were operating effectively as at 31 March 2017, based on the internal control over financial reporting
criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal
Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.
Mahesh Kumar Mittal
Partner
Surat
10th July 2017
[400500] Disclosures - Secretarial audit report

01/04/2016
to
31/03/2017
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
61
[100100] Balance sheet

31/03/2017 31/03/2016
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 6,66,66,600 6,00,00,000
Reserves and surplus 4,32,95,558.14 3,04,00,412.84
Money received against share warrants 0 0
Total shareholders' funds 10,99,62,158.14 9,04,00,412.84
Share application money pending allotment 0 0
Deferred government grants 0 0
Minority interest 0 0
Non-current liabilities [Abstract]
Long-term borrowings 5,84,93,362 12,23,81,148
Deferred tax liabilities (net) 0 7,77,725
Other long-term liabilities 0 0
Long-term provisions 0 0
Total non-current liabilities 5,84,93,362 12,31,58,873
Current liabilities [Abstract]
Short-term borrowings 5,67,39,324.61 6,05,53,413.46
Trade payables 3,47,30,455.89 1,92,91,518.4
Other current liabilities 1,26,03,590.62 1,20,22,007.52
Short-term provisions 41,72,352 28,35,532
Total current liabilities 10,82,45,723.12 9,47,02,471.38
Total equity and liabilities 27,67,01,243.26 30,82,61,757.22
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 8,56,28,026.83 17,75,65,351.35
Intangible assets 0 0
Total fixed assets 8,56,28,026.83 17,75,65,351.35
Non-current investments 2,00,000 2,00,000
Deferred tax assets (net) 37,25,247 0
Long-term loans and advances 53,23,928 66,49,524
Total non-current assets 9,48,77,201.83 18,44,14,875.35
Current assets [Abstract]
Current investments 0 0
Inventories 8,82,50,526.62 6,77,82,520.17
Trade receivables 5,11,83,400.5 1,78,82,098.22
Cash and bank balances 1,34,79,326.46 19,51,283.1
Short-term loans and advances 2,89,10,787.85 3,34,47,482.78
Other current assets 0 27,83,497.6
Total current assets 18,18,24,041.43 12,38,46,881.87
Total assets 27,67,01,243.26 30,82,61,757.22
62
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] D1 D2
01/04/2016 01/04/2016
to to
31/03/2017 31/03/2017
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director ADITYA VINEET
KUMAR VINOD
Middle name of director VISHWANATH
KUMAR
Last name of director SINGHANIA MITTAL
Designation of director DIRECTOR DIRECTOR
Director identification number of director 06920247 06452834
Date of signing of financial statements by director 10/07/2017 10/07/2017
63
[100400] Cash flow statement, indirect

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
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 1,84,54,183.64 25,57,798.72
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 2,47,61,180 1,22,00,369.88
Adjustments for depreciation and amortisation expense 38,66,422 76,60,542
Other adjustments for which cash effects are investing or
0 0
financing cash flow
Other adjustments to reconcile profit (loss) -1,21,58,961.34 0
Total adjustments to profit (loss) 1,64,68,640.66 1,98,60,911.88
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories -2,04,68,006.45 -6,63,57,235.58
Adjustments for decrease (increase) in trade receivables -3,33,01,302.28 -1,74,21,056.5
Adjustments for decrease (increase) in other current assets 73,20,192.53 -46,41,520.88
Adjustments for increase (decrease) in trade payables 1,54,38,937.49 1,48,39,174.4
Adjustments for increase (decrease) in other current liabilities -32,32,505.75 7,20,69,342.98
Adjustments for provisions 13,36,820 19,70,427
Total adjustments for working capital -3,29,05,864.46 4,59,131.42
Total adjustments for reconcile profit (loss) -1,64,37,223.8 2,03,20,043.3
Net cash flows from (used in) operations 20,16,959.84 2,28,77,842.02
Interest paid 2,47,61,180 1,22,00,369.88
Income taxes paid (refund) 12,36,349 0
Net cash flows from (used in) operating activities before extraordinary
-2,39,80,569.16 1,06,77,472.14
items
Net cash flows from (used in) operating activities -2,39,80,569.16 1,06,77,472.14
Cash flows from used in investing activities [Abstract]
Other cash payments to acquire equity or debt instruments of other
0 -25,00,000
entities
Proceeds from sales of tangible assets 0 0
Purchase of tangible assets -8,80,70,902.52 12,31,64,131.83
Proceeds from sales of intangible assets 0 0
Net cash flows from (used in) investing activities before extraordinary
8,80,70,902.52 -12,06,64,131.83
items
Net cash flows from (used in) investing activities 8,80,70,902.52 -12,06,64,131.83
Cash flows from used in financing activities [Abstract]
Proceeds from issuing shares 99,99,900 72,60,000
Proceeds from borrowings -6,38,87,786 11,13,33,950
Repayments of borrowings -13,25,596 73,93,820
Net cash flows from (used in) financing activities before extraordinary
-5,25,62,290 11,12,00,130
items
Net cash flows from (used in) financing activities -5,25,62,290 11,12,00,130
Net increase (decrease) in cash and cash equivalents before effect of
1,15,28,043.36 12,13,470.31
exchange rate changes
Net increase (decrease) in cash and cash equivalents 1,15,28,043.36 12,13,470.31
Cash and cash equivalents cash flow statement at end of period 1,34,79,326.46 19,51,283.1
64
[200100] Notes - Share capital
Disclosure of classes of share capital [Table] ..(1)

Classes of share capital [Axis] Share capital [Member] Equity shares [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
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] 1,00,00,000 [shares] 1,00,00,000
Value of shares authorised 10,00,00,000 10,00,00,000 10,00,00,000 10,00,00,000
Number of shares issued [shares] 66,66,660 [shares] 60,00,000 [shares] 66,66,660 [shares] 60,00,000
Value of shares issued 6,66,66,600 6,00,00,000 6,66,66,600 6,00,00,000
Number of shares subscribed and fully paid [shares] 66,66,660 [shares] 60,00,000 [shares] 66,66,660 [shares] 60,00,000
Value of shares subscribed and fully paid 6,66,66,600 6,00,00,000 6,66,66,600 6,00,00,000
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] 66,66,660 [shares] 60,00,000 [shares] 66,66,660 [shares] 60,00,000
Total value of shares subscribed 6,66,66,600 6,00,00,000 6,66,66,600 6,00,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 66,66,660 [shares] 60,00,000 [shares] 66,66,660 [shares] 60,00,000
Value of shares called 6,66,66,600 6,00,00,000 6,66,66,600 6,00,00,000
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
Value of shares paid-up 6,66,66,600 6,00,00,000 6,66,66,600 6,00,00,000
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 in other private
[shares] 6,66,660 [shares] 0 [shares] 6,66,660 [shares] 0
placement
Total aggregate number of shares issued
during period
Decrease in number of shares during period
[Abstract]
Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during
[shares] 0 [shares] 0 [shares] 0 [shares] 0
period
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period [shares] 66,66,660 [shares] 60,00,000 [shares] 66,66,660 [shares] 60,00,000
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 other private placement issue
66,66,600 0 66,66,600 0
during period
65
Total aggregate amount of increase in

66,66,600 0 66,66,600 0
share capital during period
Decrease in share capital during period
[Abstract]
Decrease in amount of shares bought back 0 0 0 0
Total decrease in share capital during
0 0 0 0
period
Total increase (decrease) in share capital 66,66,600 0 66,66,600 0
Share capital at end of period 6,66,66,600 6,00,00,000 6,66,66,600 6,00,00,000
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
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
66
Disclosure of classes of share capital [Table] ..(2)

Classes of share capital [Axis] Equity shares 1 [Member]
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Type of share EQUITY SHARES EQUITY SHARES
Number of shares authorised [shares] 1,00,00,000 [shares] 1,00,00,000
Value of shares authorised 10,00,00,000 10,00,00,000
Number of shares issued [shares] 66,66,660 [shares] 60,00,000
Value of shares issued 6,66,66,600 6,00,00,000
Number of shares subscribed and fully paid [shares] 66,66,660 [shares] 60,00,000
Value of shares subscribed and fully paid 6,66,66,600 6,00,00,000
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] 66,66,660 [shares] 60,00,000
Total value of shares subscribed 6,66,66,600 6,00,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 66,66,660 [shares] 60,00,000
Value of shares called 6,66,66,600 6,00,00,000
Calls unpaid [Abstract]
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
Value of shares paid-up 6,66,66,600 6,00,00,000
Par value per share [shares] 10 [shares] 10
Amount per share called in case shares not fully called [shares] 10 [shares] 10
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 other private placement [shares] 6,66,660 [shares] 0
Total aggregate number of shares issued during period [shares] 6,66,660 [shares] 0
Decrease in number of shares during period [Abstract]
Number of shares bought back [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] 6,66,660 [shares] 0
Number of shares outstanding at end of period [shares] 66,66,660 [shares] 60,00,000
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
Amount of bonus issue during period 0 0
Amount of other private placement issue during period 66,66,600 0
Total aggregate amount of increase in share capital during period 66,66,600 0
Decrease in share capital during period [Abstract]
Decrease in amount of shares bought back 0 0
Total decrease in share capital during period 0 0
Total increase (decrease) in share capital 66,66,600 0
Share capital at end of period 6,66,66,600 6,00,00,000
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 refund,
0 0
principal
67
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)
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share EQUITY SHARES EQUITY SHARES EQUITY SHARES EQUITY SHARES
VINEET KUMAR VINEET KUMAR A N K I T ANKIT
Name of shareholder VINOD KUMAR VINOD KUMAR VISHWANATH VISHWANATH
MITTAL MITTAL SINGHANIA SINGHANIA
PAN of shareholder AMMPM6166D AMMPM6166D BKZPS9092N BKZPS9092N
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
shareholder
Number of shares held in company [shares] 11,00,000 [shares] 9,00,000 [shares] 4,66,666 [shares] 4,20,000
Percentage of shareholding in company 17.00% 15.00% 7.00% 7.00%
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
company [Abstract]
ADITYA ADITYA
Name of shareholder VISHWANATH VISHWANATH PIYUSH SHAH PIYUSH SHAH
SINGHANIA SINGHANIA
PAN of shareholder DXRPS9474M DXRPS9474M BFBPS4932Q BFBPS4932Q
shareholder
Number of shares held in company [shares] 3,66,666 [shares] 3,30,000 [shares] 33,333 [shares] 3,00,000
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
company [Abstract]
MANOHARLAL MANOHARLAL MAYANK PUSHPA
Name of shareholder SINGHANIA SINGHANIA SINGHANIA SINGHANIA
PAN of shareholder ALGPA2913D ALGPA2913D ANZTS4025M ABDPS0138H
shareholder
68
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
company [Abstract]
EQUITY
Type of share SHARES
EQUITY SHARES EQUITY SHARES EQUITY SHARES
RAJ KISHOR M A Y A N K
Name of shareholder SHAH SINGHANIA
USHA DEVI SHAH RAJ KISHOR SHAH
PAN of shareholder AMDPS7021E ANZTS4025M ACIPS4778F AMDPS7021E

shareholder
Equity shares 1
Classes of share capital [Axis]
[Member]
Shareholder 9
Name of shareholder [Axis]
[Member]
01/04/2015
to
31/03/2016
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [LineItems]
Type of share EQUITY SHARES
Name of shareholder USHA DEVI SHAH
PAN of shareholder ACIPS4778F
Country of incorporation or residence of shareholder INDIA
Number of shares held in company [shares] 4,00,000
Percentage of shareholding in company 7.00%

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Number of persons on private placement of equity share 20 0
Nature of security on private placement of equity share NA NA
Number of persons on private placement of preference share 0 0
Number of shareholders of company 24 24
Number of allottees in case of preferential allotment 0 0
Whether money raised from public offering during year No No
69
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Securities premium Revaluation reserve
Components of reserves [Axis] Reserves [Member]
account [Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2016 31/03/2017 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 95,86,662.3 12,56,698.72 0 0
Other additions to reserves 33,33,300 2,91,86,595 33,33,300 0
Total additions to reserves 1,29,19,962.3 3,04,43,293.72 33,33,300 0
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Transfer to general reserve 24,817 0
Total appropriations for dividend,
24,817 0
dividend tax and general reserve
Total changes in reserves 1,28,95,145.3 3,04,43,293.72 33,33,300 0
Reserves at end of period 4,32,95,558.14 3,04,00,412.84 33,33,300 2,91,86,595

Revaluation reserve Revaluation reserve fixed assets Other reserves
Components of reserves [Axis]
[Member] [Member] [Member]
01/04/2015 01/04/2016 01/04/2015 01/04/2016
to to to to
31/03/2016 31/03/2017 31/03/2016 31/03/2017
Profit (loss) for period 0 0 0 0
Other additions to reserves 2,91,86,595 0 2,91,86,595 0
Total additions to reserves 2,91,86,595 0 2,91,86,595 0
Transfer to general reserve 0
0
Total changes in reserves 2,91,86,595 0 2,91,86,595 0
Reserves at end of period 2,91,86,595 2,91,86,595 2,91,86,595 12,13,817.84
Description of nature and purpose of other
OTHERS
reserves/funds
70

Other reserves
Components of reserves [Axis] Other reserves, others [Member] Surplus [Member]
[Member]
01/04/2015 01/04/2016 01/04/2015 01/04/2016
to to to to
31/03/2016 31/03/2017 31/03/2016 31/03/2017
Profit (loss) for period 0 0 0 95,86,662.3
Other additions to reserves 0 0 0 0
Total additions to reserves 0 0 0 95,86,662.3
Transfer to general reserve -12,56,698.72 0 -12,56,698.72 24,817
-12,56,698.72 0 -12,56,698.72 24,817
Total changes in reserves 12,56,698.72 0 12,56,698.72 95,61,845.3
Reserves at end of period 12,13,817.84 12,13,817.84 12,13,817.84 95,61,845.3
Description of nature and purpose of other
OTHERS OTHERS OTHERS
reserves/funds

Components of reserves [Axis] Surplus [Member]
01/04/2015
to
31/03/2016
Profit (loss) for period 12,56,698.72
Other additions to reserves 0
Total additions to reserves 12,56,698.72
Appropriations for dividend, dividend tax and general reserve [Abstract]
Transfer to general reserve 12,56,698.72
Total appropriations for dividend, dividend tax and general reserve 12,56,698.72
Total changes in reserves 0
Reserves at end of period 0
71
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Classification of borrowings [Axis] Term loans from banks [Member] Rupee term loans from banks [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 2,95,36,725 9,17,30,521 2,95,36,725 9,17,30,521
Nature of security [Abstract]
" ( Secured against " ( Secured against " ( Secured against " ( Secured against
Hyphothetication of Hyphothetication of Hyphothetication of Hyphothetication of
Plant & Machinery Plant & Machinery Plant & Machinery Plant & Machinery
and security of and security of and security of and security of
Nature of security Company's factory Company's factory Company's factory Company's factory
Land & Building & Land & Building & Land & Building & Land & Building &
Directors personal Directors personal Directors personal Directors personal
guarantee ) " guarantee ) " guarantee ) " guarantee ) "

Loans and advances from related parties Loans and advances from others
Classification of borrowings [Axis]
[Member] [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Borrowings 2,89,56,637 3,06,50,627 2,89,56,637 3,06,50,627

Classification based on time period [Axis] Short-term [Member]
Loans repayable on demand from banks
Classification of borrowings [Axis]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member]
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Borrowings 5,67,39,324.61 6,05,53,413.46
Nature of security [Abstract]
Against Debtors & Against Debtors &
Nature of security Stock Stock
72
[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
Sub classes of tangible assets [Axis] Owned assets [Member]
[Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Disclosure of additional information
tangible assets [Abstract]
tangible assets [LineItems]
Depreciation method tangible assets TOTAL TOTAL NA NA NA NA
Useful lives or depreciation rates
VARIOUS VARIOUS NIL NIL NIL NIL
tangible assets

Classes of tangible assets [Axis] Buildings [Member] Office building [Member]
[Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
Depreciation method tangible assets WDV WDV WDV WDV WDV WDV
30YEARS 30YEARS 30 YEARS 30 YEARS 30 YEARS 30 YEARS
tangible assets

Classes of tangible assets [Axis] Plant and equipment [Member] Other plant and equipment [Member]
[Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
8 YEARS 8 YEARS 15 YEARS 15 YEARS 15 YEARS 15 YEARS
tangible assets
73

Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member]
[Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
tangible assets

Classes of tangible assets [Axis] Motor vehicles [Member] Office equipment [Member]
[Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
tangible assets

Classes of tangible assets [Axis] Office equipment [Member] Computer equipments [Member]
Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
tangible assets

Classes of tangible assets [Axis] Other tangible assets [Member] Other tangible assets, others [Member]
[Member] [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
tangible assets
74
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]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
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 12,99,692 12,31,64,131.83 12,99,692 12,31,64,131.83
assets
Depreciation tangible assets -38,66,422 -76,60,542 38,66,422 76,60,542
Revaluation increase
0 2,91,86,595 0 2,91,86,595
(decrease) tangible assets
Disposals tangible assets
[Abstract]
8,93,70,594.52 0 9,71,88,299.52 78,17,705 0
through demergers
Total disposals tangible
8,93,70,594.52 0 9,71,88,299.52 78,17,705 0
assets
Total changes in tangible
-9,19,37,324.52 14,46,90,184.83 -9,58,88,607.52 15,23,50,726.83 -39,51,283 76,60,542
assets
Tangible assets at end of period 8,56,28,026.83 17,75,65,351.35 8,93,37,285.83 18,52,25,893.35 37,09,259 76,60,542

01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 0 0 0
assets
0 2,91,86,595 0 2,91,86,595
[Abstract]
0 0 0 0 0
through demergers
0 0 0 0 0
assets
0 2,91,86,595 0 2,91,86,595 0 0
assets
Tangible assets at end of period 3,61,40,000 3,61,40,000 3,61,40,000 3,61,40,000 0 0
75

01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 0 0 0
assets
0 2,91,86,595 0 2,91,86,595
[Abstract]
0 0 0 0 0
through demergers
0 0 0 0 0
assets
0 2,91,86,595 0 2,91,86,595 0 0
assets
Tangible assets at end of period 3,61,40,000 3,61,40,000 3,61,40,000 3,61,40,000 0 0

Classes of tangible assets [Axis] Buildings [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 2,53,35,353 0 2,53,35,353
assets
0 0 0 0
[Abstract]
1,32,65,741.02 0 1,39,92,236.02 7,26,495 0
through demergers
1,32,65,741.02 0 1,39,92,236.02 7,26,495 0
assets
-1,41,13,867.02 2,42,67,735 -1,39,92,236.02 2,53,35,353 1,21,631 10,67,618
assets
Tangible assets at end of period 2,79,51,028.98 4,20,64,896 2,91,40,277.98 4,31,32,514 11,89,249 10,67,618
76

Classes of tangible assets [Axis] Office building [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
0 0 0 0
[Abstract]
1,32,65,741.02 0 1,39,92,236.02 7,26,495 0
through demergers
1,32,65,741.02 0 1,39,92,236.02 7,26,495 0
assets
-1,41,13,867.02 2,42,67,735 -1,39,92,236.02 2,53,35,353 1,21,631 10,67,618
assets

Classes of tangible assets [Axis] Office building [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
0 0 0 0
[Abstract]
1,32,65,741.02 0 1,39,92,236.02 7,26,495 0
through demergers
1,32,65,741.02 0 1,39,92,236.02 7,26,495 0
assets
-1,41,13,867.02 2,42,67,735 -1,39,92,236.02 2,53,35,353 1,21,631 10,67,618
assets
77

Classes of tangible assets [Axis] Plant and equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 9,22,04,937.33 0 9,22,04,937.33
assets
0 0 0 0
[Abstract]
7,09,04,632 0 7,72,54,469 63,49,837 0
through demergers
7,09,04,632 0 7,72,54,469 63,49,837 0
assets
-7,35,59,153 8,62,68,119.33 -7,72,54,469 9,22,04,937.33 -36,95,316 59,36,818
assets

Classes of tangible assets [Axis] Other plant and equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
0 0 0 0
[Abstract]
7,09,04,632 0 7,72,54,469 63,49,837 0
through demergers
7,09,04,632 0 7,72,54,469 63,49,837 0
assets
-7,35,59,153 8,62,68,119.33 -7,72,54,469 9,22,04,937.33 -36,95,316 59,36,818
assets
78

Classes of tangible assets [Axis] Other plant and equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
0 0 0 0
[Abstract]
7,09,04,632 0 7,72,54,469 63,49,837 0
through demergers
7,09,04,632 0 7,72,54,469 63,49,837 0
assets
-7,35,59,153 8,62,68,119.33 -7,72,54,469 9,22,04,937.33 -36,95,316 59,36,818
assets

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 0 15,10,966 0 15,10,966
assets
Depreciation tangible assets -49,742 -1,65,150 49,742 1,65,150
0 0 0 0
[Abstract]
19,05,923 0 21,16,138 2,10,215 0
through demergers
19,05,923 0 21,16,138 2,10,215 0
assets
-19,55,665 13,45,816 -21,16,138 15,10,966 -1,60,473 1,65,150
assets
Tangible assets at end of period 1,05,588 20,61,253 1,10,265 22,26,403 4,677 1,65,150
79

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
0 0 0 0
[Abstract]
19,05,923 0 21,16,138 2,10,215 0
through demergers
19,05,923 0 21,16,138 2,10,215 0
assets
-19,55,665 13,45,816 -21,16,138 15,10,966 -1,60,473 1,65,150
assets

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 11,05,865 11,20,617 11,05,865 11,20,617
assets
Depreciation tangible assets -1,28,219 -77,689 1,28,219 77,689
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
assets
9,77,646 10,42,928 11,05,865 11,20,617 1,28,219 77,689
assets
Tangible assets at end of period 20,20,574 10,42,928 22,26,482 11,20,617 2,05,908 77,689
80

Classes of tangible assets [Axis] Motor vehicles [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
assets
9,77,646 10,42,928 11,05,865 11,20,617 1,28,219 77,689
assets

Classes of tangible assets [Axis] Motor vehicles [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
assets
9,77,646 10,42,928 11,05,865 11,20,617 1,28,219 77,689
assets
81

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Depreciation tangible assets -20,424 -75,857 20,424 75,857
0 0 0 0
[Abstract]
3,65,984 0 4,61,447 95,463 0
through demergers
3,65,984 0 4,61,447 95,463 0
assets
-3,86,408 4,35,460 -4,61,447 5,11,317 -75,039 75,857
assets
Tangible assets at end of period 49,052 4,35,460 49,870 5,11,317 818 75,857

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
assets
Depreciation tangible assets -20,424 -75,857 20,424 75,857
0 0 0 0
[Abstract]
3,65,984 0 4,61,447 95,463 0
through demergers
3,65,984 0 4,61,447 95,463 0
assets
-3,86,408 4,35,460 -4,61,447 5,11,317 -75,039 75,857
assets
Tangible assets at end of period 49,052 4,35,460 49,870 5,11,317 818 75,857
82

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 34,421 7,81,674 34,421 7,81,674
assets
0 0 0 0
[Abstract]
3,86,690 0 5,50,868 1,64,178 0
through demergers
3,86,690 0 5,50,868 1,64,178 0
assets
-4,50,287 6,57,728 -5,16,447 7,81,674 -66,160 1,23,946
assets

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 34,421 7,81,674 34,421 7,81,674
assets
0 0 0 0
[Abstract]
3,86,690 0 5,50,868 1,64,178 0
through demergers
3,86,690 0 5,50,868 1,64,178 0
assets
-4,50,287 6,57,728 -5,16,447 7,81,674 -66,160 1,23,946
assets
83

Classes of tangible assets [Axis] Other tangible assets [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
[Abstract]
business combinations tangible 1,59,406 16,99,267.5 1,59,406 16,99,267.5
assets
0 0 0 0
[Abstract]
25,41,624.5 0 28,13,141.5 2,71,517 0
through demergers
25,41,624.5 0 28,13,141.5 2,71,517 0
assets
-24,49,590.5 14,85,803.5 -26,53,735.5 16,99,267.5 -2,04,145 2,13,464
assets
Tangible assets at end of period 1,54,214 26,03,804.5 1,63,533 28,17,268.5 9,319 2,13,464

Classes of tangible assets [Axis] Other tangible assets, others [Member]
Carrying amount accumulated depreciation and Accumulated depreciation and
Carrying amount [Member] Gross carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
ELECTRIAL ELECTRIAL ELECTRIAL ELECTRIAL ELECTRIAL ELECTRIAL
INSTALLATION INSTALLATION INSTALLATION INSTALLATION INSTALLATION INSTALLATION
Nature of other tangible assets & PIPE && PIPE && PIPE && PIPE && PIPE && PIPE &
DUCTING DUCTING DUCTING DUCTING DUCTING DUCTING
[Abstract]
assets
0 0 0 0
[Abstract]
25,41,624.5 0 28,13,141.5 2,71,517 0
through demergers
25,41,624.5 0 28,13,141.5 2,71,517 0
assets
-24,49,590.5 14,85,803.5 -26,53,735.5 16,99,267.5 -2,04,145 2,13,464
assets
84

Classes of tangible assets [Axis] Other tangible assets, others [Member]
Carrying amount accumulated depreciation and Accumulated depreciation and
Carrying amount [Member] Gross carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016 31/03/2017 31/03/2016
[LineItems]
ELECTRIAL ELECTRIAL ELECTRIAL ELECTRIAL ELECTRIAL ELECTRIAL
INSTALLATION INSTALLATION INSTALLATION INSTALLATION INSTALLATION INSTALLATION
Nature of other tangible assets & PIPE && PIPE && PIPE && PIPE && PIPE && PIPE &
DUCTING DUCTING DUCTING DUCTING DUCTING DUCTING
[Abstract]
assets
0 0 0 0
[Abstract]
25,41,624.5 0 28,13,141.5 2,71,517 0
through demergers
25,41,624.5 0 28,13,141.5 2,71,517 0
assets
-24,49,590.5 14,85,803.5 -26,53,735.5 16,99,267.5 -2,04,145 2,13,464
assets
[201100] Notes - Intangible assets
Disclosure of intangible assets [Table] ..(1)

Company total intangible assets
Classes of intangible assets [Axis]
[Member]
Internally generated and other than
Sub classes of intangible assets [Axis] internally generated intangible assets
[Member]
Carrying amount accumulated amortization and impairment and gross carrying amount [Axis] Carrying amount [Member]
31/03/2017 31/03/2016
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets [LineItems]
Reconciliation of changes in intangible assets [Abstract]
Intangible assets at end of period 0 0
85
[200400] Notes - Non-current investments
Details of non-current investments [Table] ..(1)

Classification of non-current investments [Axis] NC1
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Non-current investments [Abstract]
Disclosure of details of non-current investments [Abstract]
Details of non-current investments [LineItems]
Investment in other Investment in other
Type of non-current investments Indian companies Indian companies
equity instruments equity instruments
Class of non-current investments Trade investments Trade investments
Non-current investments 2,00,000 2,00,000
SURAT PEOPLE'S SURAT PEOPLE'S
Name of body corporate in whom investment has been made BANK BANK

31/03/2017 31/03/2016
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 2,00,000 2,00,000
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 0 0
Aggregate provision for diminution in value of non-current investments 0 0
86
[200600] Notes - Subclassification and notes on liabilities and assets
Loans and advances [Table] ..(1)

Classification of loans and advances [Axis] Capital advances [Member] Security deposits [Member]
Classification of assets based on security [Axis] Secured considered good [Member] Secured considered good [Member]
01/04/2016
01/04/2015 01/04/2016 01/04/2015
to to to
to
31/03/2016 31/03/2017 31/03/2016
31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 0 28,70,291 10,20,704 10,30,704
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 0 28,70,291 10,20,704 10,30,704
SECURITY SECURITY
DEPOSITS WITH DEPOSITS WITH
CAPITAL SUBSIDY
DGVCL, DEPOSIT DGVCL, DEPOSIT
Nature of other loans and advances nil RECEIVABLE, ELECTRICITY
OF ELECRAMA, OF ELECRAMA,
DUTY RECEIVABLE
DEPOSIT OF DEPOSIT OF
COFFEE DAY COFFEE DAY
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
Loans and advances due by others 0 0 0 0
Total loans and advances due by
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
Loans and advances due by private
companies in which any director is 0 0 0 0
director
member
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director
87

Classification of loans and advances [Axis] Advance tax [Member] Advance sales tax/VAT paid [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 75,000 50,000 75,000 50,000
0 0 0 0
advances
Loans and advances 75,000 50,000 75,000 50,000
Nature of other loans and advances VAT DEPOSITS VAT DEPOSITS VAT DEPOSITS VAT DEPOSITS
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
88

Classification of loans and advances [Axis] Other deposit assets [Member] Other loans and advances, others [Member]
01/04/2016
01/04/2016 01/04/2015 01/04/2015
to to to
to
31/03/2017 31/03/2016 31/03/2016
31/03/2017
[Abstract]
Loans and advances, gross 39,43,724 19,39,796 2,84,500 7,58,733
0 0 0 0
advances
Loans and advances 39,43,724 19,39,796 2,84,500 7,58,733
OTHER LOANS AND
FD WITH SURAT FD WITH SURAT
RENT ADVANCES, RENT DEPOSITS,
Nature of other loans and advances PEOPLE CO-OP PEOPLE CO-OP
DEPOSIT INSURANCE CLAIM
BANK BANK
RECEIVABLE
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
89

Loans advances given suppliers
Classification of loans and advances [Axis] Other loans and advances [Member]
[Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 2,45,19,999.85 3,03,82,380.78 43,90,788 30,65,102
0 0 0 0
advances
Loans and advances 2,45,19,999.85 3,03,82,380.78 43,90,788
30,65,102
T D S
LOANS AND LOANS AND TDS receivable and
RECEIVABLES
ADVANCES TO ADVANCES TO Advance tax and VAT
Nature of other loans and advances CREDITORS & CREDITORS & credit and Interest
and INTEREST
SUBSIDY
STAFF STAFF Subsidy receivable
RECEIVABLE
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
90

Advance income Tax deducted at
Classification of loans and advances [Axis] Advance tax [Member]
tax paid [Member] source [Member]
Secured considered Secured considered
Classification of assets based on security [Axis] Secured considered good [Member]
good [Member] good [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2017
[Abstract]
Loans and advances, gross 13,50,519 65,102 13,00,000 50,519
0 0 0 0
advances
Loans and advances 13,50,519 65,102 13,00,000 50,519
TDS receivable and T D S T D S
Nature of other loans and advances Advance tax RECEIVABLES
ADVANCE TAX
RECEIVABLES
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
91

Tax deducted at VAT receivable Other loans and advances, others
Classification of loans and advances [Axis]
source [Member] [Member] [Member]
Secured considered Secured considered
Classification of assets based on security [Axis] Secured considered good [Member]
good [Member] good [Member]
01/04/2015 01/04/2016 01/04/2016 01/04/2015
to to to to
31/03/2016 31/03/2017 31/03/2017 31/03/2016
[Abstract]
Loans and advances, gross 65,102 5,53,805 24,86,464 30,00,000
0 0 0 0
advances
Loans and advances 65,102 5,53,805 24,86,464 30,00,000
INTEREST INTEREST
T D S
Nature of other loans and advances RECEIVABLES
VAT CREDIT SUBSIDY SUBSIDY
RECEIVABLE RECEIVABLE
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
Disclosure of details of balances with banks [Table] ..(1)

Details of balances with banks [Axis] b1 b2
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Cash and bank balances notes [Abstract]
Cash and bank balances [Abstract]
Disclosure of details of balances with banks
[Abstract]
Details of balances with banks [LineItems]
Name of bank IDBI IDBI IDBI IDBI
Account number of bank 0416102000058900 0416102000058900 0146102000077622 0146102000077622
Closing balance held in bank 8,01,806.74 15,31,239.68 1,00,13,263 13,263
92
Disclosure of details of balances with banks [Table] ..(2)

Details of balances with banks [Axis] b3 b4
01/04/2016 01/04/2015 01/04/2016
to to to
31/03/2017 31/03/2016 31/03/2017
Subclassification and notes on liabilities and assets [Abstract]
Cash and bank balances notes [Abstract]
Cash and bank balances [Abstract]
Disclosure of details of balances with banks [Abstract]
Details of balances with banks [LineItems]
The Cosmos Co op
Name of bank CBI CBI
Bank
Account number of bank 3499313388 3499313388 0381001013235
Closing balance held in bank 2,00,746.72 1,16,121.42 20,06,090
Disclosure of breakup of provisions [Table] ..(1)

31/03/2017 31/03/2016
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits [Abstract]
Provision gratuity 0 0
Provision leave encashment 0 0
Provision pension 0 0
Provision employee insurance scheme 0 0
Provision other employee related liabilities 15,16,138 18,08,295
Total provisions for employee benefits 15,16,138 18,08,295
Provision for corporate tax [Abstract]
Provision for current tax 12,36,349 5,23,375
Provision for wealth tax 0 0
Provision for fringe benefit tax 0 0
Provision for other tax 13,85,365 4,53,854
Provision for corporate dividend tax 0 0
Total provision for corporate tax 26,21,714 9,77,229
Provision for proposed dividend [Abstract]
Provision for proposed equity dividend [Abstract]
Provision for proposed equity interim dividend 0 0
Provision for proposed equity final dividend 0 0
Provision for proposed equity special dividend 0 0
Total provision for proposed equity dividend 0 0
Provision for proposed preference dividend [Abstract]
Provision for proposed preference interim dividend 0 0
Provision for proposed preference final dividend 0 0
Provision for proposed preference special dividend 0 0
Total provision for proposed preference dividend 0 0
Total provision for proposed dividend 0 0
Provision for statutory liabilities 0 0
CSR expenditure provision 0 0
Provision for abandonment cost 0 0
Other provisions 34,500 50,008
Total provisions 41,72,352 28,35,532
93
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[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 5,11,83,400.5 1,78,82,098.22 5,11,83,400.5 1,78,82,098.22
Allowance for bad and doubtful debts 0 0 0 0
Total trade receivables 5,11,83,400.5 1,78,82,098.22 5,11,83,400.5 1,78,82,098.22
Details of trade receivables due by
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 0 0
Total trade receivables due by
directors, other officers or 0 0
others
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Trade receivables due by firms in
0 0
Trade receivables due by private
companies in which any director 0 0
is director
Trade receivables due by private
companies in which any director 0 0
is member
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]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 8,82,50,526.62 6,77,82,520.17 5,04,93,912.3 3,53,28,903.63
COST OR NET COST OR NET COST OR NET COST OR NET
Mode of valuation REALIZABLE REALIZABLE REALIZABLE REALIZABLE
VALUE VALUE VALUE VALUE
94

Work-in-progress Stock-in-trade
Classification of inventories [Axis] Finished goods [Member]
[Member] [Member]
01/04/2016 01/04/2016 01/04/2015 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2016 31/03/2017
[Abstract]
Inventories 25,81,406.66 2,79,50,573.08 3,16,37,804.79 72,24,634.58
COST OR NET COST AND NET COST AND NET COST AND NET
Mode of valuation REALIZABLE REALIZABLE REALIZABLE REALIZABLE
VALUE VALUE VALUE VALUE

Stock-in-trade
Classification of inventories [Axis]
[Member]
01/04/2015
to
31/03/2016
Inventories 8,15,811.75
COST AND NET
Mode of valuation REALIZABLE
VALUE
95

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term 0 0
Total other long-term liabilities 0 0
Nature of other provisions SHORT TERM PROVISIONS SHORT TERM PROVISIONS
Interest accrued but not due on borrowings 0 0
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
Advance received from customers 80,81,287.62 54,04,328.52
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others 45,22,303 66,17,679
Total other current liabilities 1,26,03,590.62 1,20,22,007.52
Aggregate amount of trade receivables outstanding for period
0 0
exceeding six months
Fixed deposits with banks 0 0
Other balances with banks 1,30,21,906.46 16,60,624.1
Total balance with banks 1,30,21,906.46 16,60,624.1
Cash on hand 4,57,420 2,90,659
Total cash and cash equivalents 1,34,79,326.46 19,51,283.1
Total cash and bank balances 1,34,79,326.46 19,51,283.1
Balances held with banks to extent held as margin money 0 0
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 0 27,83,497.6
Total other current assets 0 27,83,497.6
MISCELLANEOUS
Nature of other current assets NIL
EXPENDITURE
96
[200700] Notes - Additional disclosures on balance sheet

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of additional balance sheet notes explanatory [TextBlock]
Guarantees 51,58,000 43,52,000
Total contingent liabilities 51,58,000 43,52,000
Other commitments 0 0
Total commitments 0 0
Total contingent liabilities and commitments 51,58,000 43,52,000
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[shares] 0 [shares] 0
shareholders
Amount of per share dividend proposed to be distributed to
[shares] 0 [shares] 0
preference shareholders
Percentage of proposed dividend 0.00% 0.00%
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
Additions to equity share warrants during period 0 0
Deductions in equity share warrants during period 0 0
Total changes in equity share warrants during period 0 0
Equity share warrants at end of period 0 0
Equity share warrants for existing members 0 0
Equity share warrants for others 0 0
Total equity share warrants 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 0 0
Number of person share application money received during year 0 0
Number of person share application money paid as at end of year 0 0
Number of person share application money received as at end of year 0 0
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
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 0 0
Number of warrants converted into preference shares during period 0 0
Number of warrants converted into debentures during period 0 0
Number of warrants issued during period (in foreign currency) 0 0
Number of warrants issued during period (INR) 0 0
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of accounting policies, change in accounting policies and Textual information (36) Textual information (37)
changes in estimates explanatory [TextBlock] [See below] [See below]
97
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
A. SIGNIFICANT ACCOUNTING POLICIES
1 BASIS OF ACCOUNTING (AS 1)
The accounts are prepared under the historical cost convention in accordance with the generally accepted accounting principles
by the company.
i) The Company follows the mercantile system of accounting and recognizes income and expenditure on an accrual
basis except in case of significant uncertainties.
ii) Financial Statements are prepared under the Historical cost convention. These costs are not adjusted to reflect the
impact of changing value in the purchasing power of money.
iii) Estimates and Assumptions used in the preparation of the Financial statements are based upon management's
evaluation of the relevant facts and circumstances as of the date.
2 INVENTORIES (AS 2)
Raw Materials, Material in transit, Packing - at cost or net realizable value whichever is lower.
MATERIALS, STORES and SPARES AND COMPONENTS
a) "Finished Goods and Work-in-Process At cost or net realizable value whichever is lower.
Note : Cast of Inventories is ascertained on First in First out (FIFO) basis."
b) Stock in trade - Quoted at lower of cost and market value - Unquoted at lower of cost and breakup value.
3 CASH FLOWS (AS 3)
Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of transactions of
non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses
associated with investing or financing cash flows. Cash flows from operating, investing and financing activities of the Company are
segregated, accordingly.
4 TREATMENT OF EXTRA ORDINARY ITEMS (AS 5)
Extraordinary items, i.e., gains or losses which arise from events or transactions which are distinct from the ordinary activities
of the company and which are material are separately disclosed in the statement of accounts.
The company is incurred fire dated 23/06/2016. The company has filed the claim against the loss of fixed assets with Tata AIG
Insurance Company. The insurance company had passed claim of Rs. 15,82,90,035.36, which was received during the financial year. Due to this
company has incurred loss of Rs. 1,21,34,144.34, which is reflected in statement of account.
98
5 DEPRECIATION (AS 6)
The Company has provided depreciation on Reducing Balance Method on Fixed Assets at the rates specified in Schedule II of
the Companies Act, 2013.
6 REVENUE RECOGNITION (AS 9)
i) Revenues are recognised when is probable that economic benefit will flow to the company and when it can be
reliably measured. It is accounted for net of trade discounts.
ii) Figures of Purchases are net of return.
iii) Income and Expenditure are accounted for on Accrual Basis.
7 FIXED ASSETS (AS 10)
Fixed assets are stated at the cost of acquisition, less accumulated depreciation and impairment losses, if any.
Borrowing costs related to the acquisition or construction of the qualifying fixed assets for the period up to the completion of
their acquisition or construction are capitalised. Advances paid towards the acquisition of fixed assets outstanding at each balance sheet date and
the cost of fixed assets not ready for their intended use before such date are disclosed under capital work-in-progress.
8 FOREIGN CURRENCY TRANSACTIONS (AS 11)
i) The reporting currency of the company is Indian rupees.
ii) Transactions in foreign currencies are recognized at the prevailing exchange rates on the transaction dates.
Realize gain and losses on settlement of foreign currency transactions are recognized in the profit and loss account under the natural revenue
heads of accounts. Exchange differences relating to fixed assets are capitalised to respective Fixed Asset.
iii) Foreign Currency assets and liabilities at the year end are translated at the year end exchange rates, and the resultant
exchange difference is recognized in the profit and loss account.
iv) In case of forward contract, foreign currency derivatives or other financial instruments that are in substance
forward exchange contracts, the premium or discount arising at the inception of the contract transactions are included in determining the
net profit for the year.
9 INVESTMENTS (AS 13)
Long term Investments are valued at cost. Provision for diminution is made to recognise a decline, other than temporary, in the
value of investments. Current investments are stated at lower of cost or market value.
10 EMPLOYEE BENEFITS (AS 15)
Short-Term employee benefits
All employee benefits payable within twelve months of rendering the service are classified as Short-term benefits. Such
benefits include salaries, wages, bonus, Short-term compensated absences, awards, ex gratia etc. are recognised in the period in which the
99
employee renders the related service.
Post-employment and other long-term benefits
Retirement benefits in the form of gratuity, additional gratuity, provident fund, post retirement medical benefit schemes,
medical benefits under voluntary retirement scheme and other long term benefits in the form of leave encashment are recognised when they are
paid. No provision or contributions are made for defined benefit plans.
11 BORROWING COSTS (AS 16)
Borrowing costs that are directly attributable to the acquisition or construction of a qualifying asset are capitalised as
part of the cost of that asset till such time the asset is ready for its intended use. A qualifying asset is an asset that necessarily takes a
substantial period of time to get ready for its intended use.
12 RELATED PARTIES DISCLOSURES (AS 18)
Sr. No. Nature of transactions Associates/ Joint Ventures Promoter Key Management Personnel/ Relatives
Total
1 Sale of Goods and services 0.00 0.00 0.00 0.00
2 Other Income 0.00 0.00 0.00 0.00
3 Purchase of Goods and Services 67584.00 0.00 0.00 67584.00
Purchase from Associates :-
1. Magicrete Building Solutions Pvt . Ltd. 67584.00
4 Rent Paid 0.00 0.00 0.00 0.00
5 Other Expenses 0.00 0.00 235070.00 235070.00
Interest Payment :-.
1. Vinod Kumar Mittal 117535.00
2. Vishwananth Singhania 117535.00
6 Deposits Given 0.00 0.00 5211562.00 5211562.00
Repayment of Loan:-
1. Vinod Kumar Mittal 2605781.00
2. Vishwanath Singhania 2605781.00
7 Director's Remuneration 0.00 0.00 4080000.00 4080000.00
100
Remuneration to Directors :-
1. Aditya Singhania 1200000.00
2. Ankit Singhania 1200000.00
3. Sunay Shah 480000.00
4. Vineet Mittal 1200000.00
8 Deposits Taken 0.00 0.00 0.00 0.00
13 EARNINGS PER SHARE (AS 20)
Basic and Diluted earnings/(loss) per share are calculated by dividing the net profit / (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. The weighted average number of equity shares outstanding during the period are adjusted for any bonus
shares issued during the year and also after the balance sheet date but before the date the financial statements are approved by the board
of directors.
14 INCOME TAX (AS 22)
Income tax comprises the current tax provision and the net charges in the deferred tax assets or liability in the year deferred
tax assets and liability are recognised for the future consequences if temporary differences. Between the carrying values of assets and liabilities
and their respective tax bases, and operating loss carry forwards. Deferred tax assets are recognised subject to managements judgment that
realization is more likely that virtual certainity exists.
MAT credit is recognised as an asset only when and to the extent there are adequate and satisfying reasons that the company
will pay normal income tax during the specified period.
15 PRELIMINARY EXPENSES (AS 26)
Preliminary Expenditure is written off fully during the year under its occurrence as per As 26.
16 IMPAIRMENT OF ASSETS ( AS 28)
An impairment loss is charged to the Statement of profit and loss in the year in which an asset is identified as
impaired. The impairment loss recognised in prior accounting period is reversed if there has been a change in the estimate of recoverable amount.
17 PROVISIONS AND CONTINGENT LIABILITIES (AS 29)
A provision is recognised when the company has a present obligation as a result of past events and it is probable
that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions
are not discounted to their present value and are determined based on best estimates required to settle the obligation at the balance sheet date.
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 company or a present obligation that is
101
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.
18 DISCLOSURE ON SPECIFIED BANK NOTES (SBNs)
During the year, the Company had specified bank notes (SBNs) and other denomination notes as defined in the MCA
notification G.S.R. 308(E) dated 31st March, 2017, on the details of Specified Bank Notes (SBNs) held and transacted during the period from 8th
November, 2016 to 30th December, 2016, the denomination wise SBNs and other notes as per the notification is given below
(Amount in `Rs.)
SBNs* Other denomination notes Total
Closing cash in hand as on 8th November, 2016 2,50,000.00 4,07,693.00 6,57,693.00
(+) Permitted receipts 2,27,956.00 2,27,956.00
(-) Permitted payments 2,18,323.00 2,18,323.00
(-) Amount deposited in banks 2,50,000.00 37,480.00 2,87,480.00
Closing cash in hand as on 30th December, 2016 3,79,846.00 3,79,846.00
For the purpose of this clause 'Specified Bank Notes' shall have the same meaning provided in the notification of the
Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O. 3407(E), dated the 8th November, 2016.
B. NOTES ON ACCOUNTS
1 The provision for all known liabilities are adequate and not in excess of the amount reasonably necessary.
2 Payment to Auditors :-
(A) As Statutory Audit 34500.00
Total Rs. === > 34500.00
3 The balance of sundry debtor's and sundry creditor's are subject to confirmation
4 Previous year's figures have been regrouped and rearranged where necessary to confirm to this year classifications.
5 There is contingent liabilities towards various bank guarantee amounting to Rs. 51,58,000/- as per separate sheet attached.
6 Stock Register is maintain by company. Stock Details are as under :
102
Raw Material :
Particulars Opening Stock Purchase Consumption Closing Stock Unit
Aluminium Frame 26756.070 167379.510 138953.840 55181.740 Kgs.
Solar Cell 214826.000 4747171.000 4617990.000 344007.000 Pcs.
Solar Glass 55531.000 23720.000 65822.000 13429.000 Pcs.
Solar Glass 3913.150 89667.110 58341.219 35239.041 Sqm.
Back Sheet 41312.156 103954.600 125446.241 19820.515 Sqm.
EVA Sheet 24994.850 183790.120 189809.570 18975.400 Sqm.
Finish Stock :
Stock Figures in Pcs.
Particulars Opening Stock Purchase Manufacture Sales Clo. Stock
Solar Module 11750.000 17434.000 165122.000 171414.000 22892.000
Inverter 2.000 70.000 0.000 52.000 20.000
Manufacturing Power System 0.000 0.000 20.000 20.000 0.000
7 Value of Imports RS.
Purchase Of Goods 29,73,27,018.40
Purchase Of Capital Goods 11,79,723.98
8 Earning and outgo foreign exchange
USD Dollor - 4430422.32 (Purchase of Goods)
USD Dollor - 17740.00 (Purchase of Capital Goods)
USD Dollor - 245416.90 (Advance to Vendor)
9 Deferred Taxes
103
Particulars As at March 31, 2017 As at March 31, 2016
Liability
On account of depreciation on fixed assets 3083932.00 9293495.00
On account of Unabsorbed losses Brought Forward 0.00 0.00
On account of timing differences in recognition of expenditure 0.00 0.00
Deferred tax liability (A) 3083932.00 9293495.00
Asset
On account of disallowance under section 40a (ia) 0.00 0.00
On account of Unabsorbed losses and depreciation under the Income Tax Act, 1961
6809179.00 8515770.00
MAT Credit Carried Forward 0.00 0.00
Deferred tax asset (B) 6809179.00 8515770.00
3725247.00 (777725.00)
Net Deferred tax asset (B) - (A)
Signatures to Notes 1 to 27
As per Our Attached Report of Even Date
FOR MAHESH KUMAR MITTAL and CO. FOR M/S. NAVITAS GREEN SOLUTIONS
P. LTD.
CHARTERED ACCOUNTANTS
104
DIRECTOR DIRECTOR
PARTNER
(MAHESH KUMAR MITTAL) PLACE :- SURAT
M.NO. 026501 DATE :- 10/07/2017
FIRM REG. NO. :- 127309W
Contingent liabilities and commitments (to the extent not provided for) As at 31 March 20X7
(i) Contingent Liabilities
(a) Claims against the company not acknowledged as debt
(b) Guarantees 51,58,000.00
(c) Other money for which the company is contingently liable 51,58,000.00
(ii) Commitments
(a) Estimated amount of contracts remaining to be executed on capital account and not provided for
(b) Uncalled liability on shares andd other investments partly paid
(c) Other commitments (specify nature) - 51,58,000.00
105
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
MAHESH KUMAR MITTAL and CO.
403, METRO TOWER, RING ROAD, SURAT
NOTE :- 27
NOTES FORMING PART OF THE ACCOUNTS
ACCOUNTING POLICIES
A. SIGNIFICANT ACCOUNTING POLICIES
1 BASIS OF ACCOUNTING (AS 1)
The accounts are prepared under the historical cost convention in accordance with the generally accepted accounting principles by the company.
i) The Company follows the mercantile system of accounting and recognizes income and expenditure on an accrual basis except in case of
significant uncertainties.
ii) Financial Statements are prepared under the Historical cost convention. These costs are not adjusted to reflect the impact of changing
value in the purchasing power of money
iii) Estimates and Assumptions used in the preparation of the Financial statements are based upon management's evaluation of the relevant
facts and circumstances as of the date.
2 FIXED ASSETS (AS 10)
Fixed assets are stated at the cost of acquisition, less accumulated depreciation and impairment losses, if any except land which is stated at
revalued amount.
Borrowing costs related to the acquisition or construction of the qualifying fixed assets for the period up to the completion of their acquisition or
construction are capitalised. Advances paid towards the acquisition of fixed assets outstanding at each balance sheet date and the cost of fixed
assets not ready for their intended use before such date are disclosed under capital work-in-progress.
3 INVENTORIES (AS 2)
Raw Materials, Material in transit, Packing - at cost or net realizable value whichever is lower.
MATERIALS, STORES and SPARES AND COMPONENTS
106
a) "Finished Goods and Work-in-Process - At lower of cost and net realizable value.
Note : Cast of Inventories is ascertained on First in First out (FIFO) basis."
b) Stock in trade - Quoted at lower of cost and market value - Unquoted at lower of cost and breakup value.(Net of Excise Duty)
4 Foreign Currency Transactions (AS 11)
Foreign currency transactions are recorded at the exchange rates prevailing on the date of the transaction. Gains and losses arising out of
subsequent fluctuationsare accounted for on actual payment or realisation. Monetary items denominatedin foreign currency as at the Balance
Sheet date are converted at the exchange rates prevailing on that date. Exchange differences are recognised in the Statement of Profit and Loss.
5 INCOME TAX (AS 22)
Income tax comprises the current tax provision and the net charges in the deferred tax assets or liability in the year deferred tax assets and
liability are recognised for the future consequences if temporary differences. Between the carrying values of assets and liabilities and their
respective tax bases, and operating loss carry forwards. Deferred tax assets are recognised subject to managements judgment that realization is
more likely that virtual certainity exists.
MAT credit is recognised as an asset only when and to the extent there are adequate and satisfying reasons that the company will pay normal
income tax during the specified period.
6 DEPRECIATION (AS 6)
The Company has provided depreciation on Reducing Balance Method on Fixed Assets at the rates specified in Schedule II of the Companies
Act, 2013.
7 REVENUE RECOGNITION (AS9)
i) Revenues are recognised when is probable that economic benefit will flow to the company and when it can be reliably measured. It
is accounted for net of trade discounts.
iii) Income and Expenditure are accounted for on Accrual Basis
8 EMPLOYEE BENEFITS (AS 15)
All employee benefits payable within twelve months of rendering the service are classified as Short-term benefits. Such benefits include salaries,
wages, bonus, Short-term compensated absences, awards, ex-gratia etc. are recognised in the period in which the employee renders the related
service.
Retirement benefits in the form of gratuity, additional gratuity, provident fund, post retirement medical benefit schemes, medical benefits under
voluntary retirement scheme and other long term benefits in the form of leave encashment are recognised when they are paid. No provision or
contributions are made for defined benefit plans. This is not applicable to this Enterprise as it comes under Level 3 as per AS-15.
107
9 RELATED PARTIES DISCLOSURES (AS18) Sr. No. Nature of transactions

Associates/ Joint Ventures Promoter Key Management Personnel/ Relatives Total
1 Sale of Goods and services 0.00 0.00 0.00 0.00
2 Other Income 0.00 0.00 0.00 0.00
3 Purchase of Goods and Services 0.00 0.00 0.00 0.00
4 Rent Paid 0.00 0.00 0.00 0.00
5 Other Expesnes 0.00 0.00 430488.00 430488.00
6 Loans and Advances Given 0.00 0.00 0.00 0.00
7 Director's Remuneration 0.00 0.00 0.00 0.00
8 Unsecured Loan Taken 0.00 0.00 5000000.00 5000000.00
10 Earnings Per Share
Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders by the
weighted average number of equity shares outstanding during the period. Earnings considered in ascertaining the Company's earnings per share is
the net profit for the period after deducting preference dividends and any attributable tax thereto for the period. The weighted average number of
equity shares outstanding during the period and for all period presented is adjusted for events,such as bonus shares, other than the conversion of
potential equity shares, that have changed the number of equity shares outstanding, without a corresponding change inresources. For the purpose
of calculating diluted earnings per share, net profit or loss for the period attributable to equity shareholders and the weighted average number of
shares outstanding during the period is adjusted for the affects of all dilutive potential equityshares.
11 Cash and Cash Equivalents
In the cash flow statement, cash, bank and cash equivalents include cash in hand, demand deposits with banks, other short-term highly liquid
investments with original maturities of three months or less.
B. NOTES ON ACCOUNTS
1 The provision for all known liabilities are adequate and not in excess of the amount reasonably necessary.
2 Payment to Auditors :-
(A) As Statutory Audit 34500.00
Total Rs. ===> 34500.00
3 The balance of sundry debtor's and sundry creditor's are subject to confirmation
108
4 Previous year's figures have been regrouped and rearranged where necessary to confirm to this year classifications.
5 here is contingent liabilities towards various bank guarantee amounting to Rs. 43,52,000/- as per separate sheet attached.
6 Stock Register is maintain by company. Stock Details are as under :
Raw Material :
Particulars Opening Stock Purchase Consumption Closing Stock Unit
Aluminium Frame 141.000 114089.480 87474.410 26756.070 Kgs.
Solar Cell 15500.000 2221447.000 2022121.000 214826.000 Pcs.
Solar Glass 0.000 87042.000 31511.000 55531.000 Pcs.
Solar Glass 0.000 37830.688 33917.538 3913.150 Sqm.
Back Sheet 0.000 100639.256 59327.100 41312.156 Sqm.
Finish Stock :
Stock Figures in Pcs.
Particulars Opening Stock Purchase Manufacture Sales Clo. Stock
Solar Module 28.000 16.000 76637.000 64931.000 11750.000
7 Value of Imports RS.
Purchase Of Goods 19,65,99,579.68
Purchase Of Capital Goods 5,31,48,543.49
8 Earning and outgo foreign exchange
USD Dollar - 2936064.59 (Purchase of Goods)
USD Dollar - 827776.80 (Purchase of Capital Goods)
USD Dollar - 456675.93 (Advance to Vendor)
9 Deferred Taxes
109
Particulars As at March 31, 2016 As at March 31, 2015
Liability
On account of depreciation on fixed assets 9293495.00 0.00
On account of Unabsorbed losses Brought Forward 0.00 0.00
Deferred tax liability (A) 9293495.00 0.00
Asset
On account of disallowance under section 40a (ia) 0.00 0.00
On account of Unabsorbed losses and depreciation under the
Income Tax Act, 19618515770.00 0.00
MAT Credit Carried Forward 0.00 0.00
Deferred tax asset (B) 8515770.00 0.00

(777725.00) 0.00
Net Deferred tax asset (B) - (A)
Signatures to Notes 1 to 27
As per Our Attached Report of Even Date
FOR MAHESH KUMAR MITTAL and CO. FOR M/S. NAVITAS GREEN SOLUTIONS P. LTD.
DIRECTOR DIRECTOR
110
PARTNER
(MAHESH KUMAR MITTAL) PLACE :- SURAT
M.NO. 026501 DATE :- 18/05/2016
FIRM REG. NO. :- 127309W
[201700] Notes - Government grants

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
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
[201200] Notes - Employee benefits

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Textual information (38) Textual information (39)
Disclosure of employee benefits explanatory [TextBlock] [See below] [See below]
111
Disclosure of employee benefits explanatory [Text Block]

EMPLOYEE BENEFITS (AS 15)
wages, bonus, Short-term compensated absences, awards, ex gratia etc. are recognised in the period in which the employee renders the related
service.
contributions are made for defined benefit plans.
Disclosure of employee benefits explanatory [Text Block]

EMPLOYEE BENEFITS (AS 15)
wages, bonus, Short-term compensated absences, awards, ex-gratia etc. are recognised in the period in which the employee renders the related
service.
contributions are made for defined benefit plans. This is not applicable to this Enterprise as it comes under Level 3 as per AS-15.
112
[300400] Notes - Employee share-based payments

01/04/2015
to
31/03/2016
Disclosure of notes on employee share-based payment arrangements explanatory
[TextBlock]
Disclosure of measurement of fair value of other instruments granted
during period explanatory [TextBlock]
Number of instruments other instruments granted 0
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] ass1 kmp1 kmp2 kmp3
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Disclosure of relationship and transactions between
related parties [Abstract]
related parties [LineItems]
MAGICRETE
BUILDING VINOD KUMAR A D I T Y A ANKIT
Name of related party SOLUTIONS PVT MITTAL SINGHANIA SINGHANIA
LTD
Country of incorporation or residence of related
party
Permanent account number of related party AAFCM5517N AARPM4517B DXRPS9474M BKZPS9092N
Key Management Key Management Key Management
Description of nature of related party relationship Associate
Personnel Personnel Personnel
INTEREST &
PURHASE OF
Description of nature of transactions with related UNSECURED
GOODS & REMUNERATION REMUNERATION
party LOANS AND
SERVICES
REMUNERATION
Related party transactions [Abstract]
Purchases of goods related party transactions 67,584
Advances given during year related party
26,05,781
transactions
Advances taken during year related party
0
transactions
Interest paid during year related party
1,17,535
transactions
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 12,00,000 12,00,000 12,00,000
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
113
Disclosure of relationship and transactions between related parties [Table] ..(2)

Categories of related parties [Axis] kmp4 rkmp1 rkmp2
01/04/2016 01/04/2016 01/04/2015 01/04/2015
to to to to
31/03/2017 31/03/2017 31/03/2016 31/03/2016
related parties [Abstract]
related parties [LineItems]
VISHWANATH VINOD KUMAR VISHWANATH
Name of related party SUNAY SHAH
SINGHANIA MITTAL SINGHANIA
Country of incorporation or residence of related
party
Permanent account number of related party AYTPS9753P ADJPS0766K AARPM4517B ADJPS0766K
Relatives of Key Relatives of Key Relatives of Key
Key Management
Description of nature of related party relationship Personnel
management management management
personnel personnel personnel
INTEREST &
Description of nature of transactions with related
REMUNERATION UNSECURED INTEREST INTEREST
party LOANS
Related party transactions [Abstract]
Advances given during year related party
26,05,781
transactions
Advances taken during year related party
0 25,00,000 25,00,000
transactions
Interest paid during year related party
1,17,535 2,14,244 2,16,244
transactions
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 4,80,000 0
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

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
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
[201400] Notes - Leases

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of leases explanatory [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa
114
[300300] Notes - Earnings per share

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of earnings per share explanatory [TextBlock]
Weighted average shares and adjusted weighted average shares [Abstract]
Basic weighted average shares [shares] 66,66,660 [shares] 60,00,000
Adjusted weighted average shares [shares] 66,66,660 [shares] 60,00,000
Diluted weighted average shares [shares] 66,66,660 [shares] 60,00,000
Adjustments of numerator to calculate basic earnings per share [Abstract]
Profit (loss) for period 95,86,662.3 12,56,698.72
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Profit (loss) for period 95,86,662.3 12,56,698.72
[202800] Notes - Subsidiary information

01/04/2016
to
31/03/2017
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies No
Whether company has subsidiary companies which are yet to commence
No
operations
Whether company has subsidiary companies liquidated or sold during year No
[201900] Notes - Income taxes

31/03/2017 31/03/2016
Disclosure of notes on income taxes explanatory [TextBlock]
Disclosure of breakup of deferred tax assets and deferred tax liabilities
[Abstract]
Components of deferred tax assets [Abstract]
Deferred tax asset, other 37,25,247 0
Total deferred tax assets 37,25,247 0
Components of deferred tax liabilities [Abstract]
Deferred tax liability, other 0 7,77,725
Total deferred tax liabilities 0 7,77,725
[202400] Notes - Investments in associates

01/04/2016
to
31/03/2017
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates No
Whether company has associates which are yet to commence operations No
115
[202500] Notes - Financial reporting of interests in joint ventures

01/04/2016
to
31/03/2017
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures No
Whether company has joint ventures which are yet to commence operations No
Whether company has joint ventures liquidated or sold during year No
[202700] Notes - Cash flow statements

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 1,34,79,326.46 19,51,283.1
Total cash and cash equivalents 1,34,79,326.46 19,51,283.1
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 12,36,349 0
Total income taxes paid (refund) 12,36,349 0
116
[100200] Statement of profit and loss

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
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 0 0
Revenue from sale of services 79,13,57,367.26 24,72,02,207.74
Other operating revenues 0 0
Total revenue from operations other than finance company 79,13,57,367.26 24,72,02,207.74
Total revenue from operations 79,13,57,367.26 24,72,02,207.74
Other income 61,26,622.65 11,32,344.36
Total revenue 79,74,83,989.91 24,83,34,552.1
Expenses [Abstract]
Cost of materials consumed 69,54,46,779.6 25,41,50,735
Changes in inventories of finished goods, work-in-progress and
-2,04,68,006.45 -6,63,57,235.58
stock-in-trade
Employee benefit expense 82,37,050.71 1,17,22,497
Finance costs 2,57,94,143.29 1,22,38,267.79
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 38,66,422 76,60,542
Total depreciation, depletion and amortisation expense 38,66,422 76,60,542
CSR expenditure 0 0
Other expenses 6,61,53,417.12 2,63,61,947.17
Total expenses 77,90,29,806.27 24,57,76,753.38
Total profit before prior period items, exceptional items, extraordinary
1,84,54,183.64 25,57,798.72
items and tax
Total profit before extraordinary items and tax 1,84,54,183.64 25,57,798.72
Extraordinary items before tax -1,21,34,144.34 0
Total profit before tax 63,20,039.3 25,57,798.72
Tax expense [Abstract]
Current tax 12,36,349 5,23,375
Deferred tax -45,02,972 7,77,725
Total tax expense -32,66,623 13,01,100
Total profit (loss) for period from continuing operations 95,86,662.3 12,56,698.72
Total profit (loss) for period before minority interest 95,86,662.3 12,56,698.72
Total profit (loss) for period 95,86,662.3 12,56,698.72
Earnings per equity share [Abstract]
Basic earning per equity share [shares] 1.44 [shares] 0.21
Diluted earnings per equity share [shares] 1.44 [shares] 0.21
Nominal value of per equity share [shares] 10 [shares] 10
117
[300500] Notes - Subclassification and notes on income and expenses

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
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 0 0
Brokerage discounts rebates on revenue from sale of products 0 0
Returns on revenue from sale of products 0 0
Other allowances deductions on revenue from sale of products 0 0
Total revenue from sale of products 0 0
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Revenue from sale of services, gross 79,13,57,367.26 24,72,02,207.74
Brokerage discounts rebates on revenue from sale of services 0 0
Returns on revenue from sale of services 0 0
Other allowances deductions on revenue from sale of services 0 0
Total revenue from sale of services 79,13,57,367.26 24,72,02,207.74
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 0 0
Total other operating revenues 0 0
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 2,26,587 1,74,932
Interest on other current investments 3,05,852 98,725.61
Total interest income on current investments 5,32,439 2,73,657.61
Total interest income 5,32,439 2,73,657.61
Dividend income [Abstract]
Dividend income current investments [Abstract]
Dividend income current investments from subsidiaries 0 0
Dividend income current investments from others 45 12,518.75
Total dividend income current investments 45 12,518.75
Dividend income long-term investments [Abstract]
Dividend income long-term investments from subsidiaries 0 0
Total dividend income long-term investments 0 0
Total dividend income 45 12,518.75
Other non-operating income [Abstract]
Net gain/loss on foreign currency fluctuations treated as other
39,37,370.22 0
income
Excess provisions written back 7,35,702.54 0
Miscellaneous other non-operating income 9,21,065.89 8,46,168
Total other non-operating income 55,94,138.65 8,46,168
Total other income 61,26,622.65 11,32,344.36
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Interest expense deposits 0 0
Interest expense borrowings 41,12,002 24,12,463
Other interest charges 2,06,49,178 97,87,906.88
Total interest expense 2,47,61,180 1,22,00,369.88
Other borrowing costs 10,32,963.29 37,897.91
Total finance costs 2,57,94,143.29 1,22,38,267.79
Employee benefit expense [Abstract]
Salaries and wages 69,98,569 1,14,38,621
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 0 0
Total remuneration to directors 0 0
118
Total managerial remuneration 0 0

Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 1,73,703 67,180
Total contribution to provident and other funds 1,73,703 67,180
Staff welfare expense 10,64,778.71 2,16,696
Total employee benefit expense 82,37,050.71 1,17,22,497
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 12,13,578.88 8,70,591.6
Power and fuel 21,90,069.58 27,34,175
Rent 13,71,627 9,40,784
Repairs to building 0 0
Repairs to machinery 0 0
Insurance 10,14,923 4,34,816
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 86,480 47,530
Cost taxes other levies by government local authorities 12,02,567 8,07,688.46
Total rates and taxes excluding taxes on income 12,89,047 8,55,218.46
Subscriptions membership fees 2,56,560 1,37,706
Electricity expenses 16,700 0
Telephone postage 2,45,138 39,787
Printing stationery 6,12,829 5,27,994
Information technology expenses 0 3,591.16
Travelling conveyance 32,28,910.78 18,73,417.43
Legal professional charges 25,81,718 32,76,445
Training recruitment expenses 0 0
Vehicle running expenses 4,77,258.63 1,81,798.41
Safety security expenses 46,000 0
Directors sitting fees 0 0
Donations subscriptions 3,200 0
Seminars conference expenses 97,920 36,825
Bank charges 0 0
Advertising promotional expenses 1,04,000 1,61,009
Commission paid other selling agents 11,60,508 1,01,510
Transportation distribution expenses 0 99,021
Secondary packing expenses 63,73,718.11 72,67,526.4
Discounting charges 5,850 2,11,767.01
Cost transportation [Abstract]
Cost loading and unloading 6,60,306 41,975
Cost other transporting 1,21,13,947.95 32,05,791
Total cost transportation 1,27,74,253.95 32,47,766
Provision bad doubtful debts created 0 0
Provision bad doubtful loans advances created 0 0
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Other miscellaneous expenditure written off 27,83,497.6 6,95,874
Total miscellaneous expenditure written off 27,83,497.6 6,95,874
Bad debts written off 20,64,466.3 0
Bad debts advances written off 0 0
Total write-off assets 48,47,963.9 6,95,874
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 34,500 34,500
Payment for other services 21,000 0
Total payments to auditor 55,500 34,500
Miscellaneous expenses 2,61,86,143.29 26,29,824.7
Total other expenses 6,61,53,417.12 2,63,61,947.17
Current tax [Abstract]
Current tax pertaining to current year 12,36,349 5,23,375
Total current tax 12,36,349 5,23,375
119
[300600] Notes - Additional information statement of profit and loss
Details of raw materials consumed [Table] ..(1)

Categories of raw materials consumed [Axis] Raw materials consumed [Member] Raw materials consumed 1 [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Additional information on profit and loss account
[Abstract]
Additional details in case of manufacturing companies
[Abstract]
Details of raw materials consumed [Abstract]
Details of raw materials consumed [LineItems]
TRADING TRADING
Description of raw materials category PURCHASES PURCHASES
PURCHASE PURCHASE
Total raw materials consumed 69,54,46,779.6 25,41,50,735 34,85,30,437.5 21,70,792.12
Details of raw materials consumed [Table] ..(2)

Categories of raw materials consumed [Axis] Raw materials consumed 2 [Member] Raw materials consumed 3 [Member]
01/04/2016 01/04/2015 01/04/2016 01/04/2015
to to to to
31/03/2017 31/03/2016 31/03/2017 31/03/2016
Additional information on profit and loss account
[Abstract]
Additional details in case of manufacturing companies
[Abstract]
Details of raw materials consumed [Abstract]
Details of raw materials consumed [LineItems]
RAW MATERIAL RAW MATERIAL
Description of raw materials category PURCHASE PURCHASE
OGS PURCHASE OGS PURCHASE
Total raw materials consumed 34,66,68,902.1 25,17,65,232.88 2,47,440 2,14,710
120

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Additional information on profit and loss account explanatory [TextBlock]
Changes in inventories of finished goods -1,51,65,008.67 -3,40,61,079.04
Changes in inventories of work-in-progress -25,81,406.66 0
Changes in inventories of stock-in-trade -64,08,822.83 -8,15,811.75
Changes in other inventories 36,87,231.71 -3,14,80,344.79
Total changes in inventories of finished goods, work-in-progress and
-2,04,68,006.45 -6,63,57,235.58
stock-in-trade
Other items extraordinary -1,21,34,144.34 0
Total extraordinary items before tax -1,21,34,144.34 0
Total extraordinary items -1,21,34,144.34 0
Total exceptional and extraordinary items -1,21,34,144.34 0
Revenue other services 79,13,57,367.26 24,72,02,207.74
Total gross income from services rendered 79,13,57,367.26 24,72,02,207.74
Value of imports of raw materials 29,73,27,018.4 19,65,99,579.68
Value of imports of capital goods 11,79,723.98 5,31,48,543.49
Total value of imports calculated on CIF basis 29,85,06,742.38 24,97,48,123.17
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 0 0
Final dividend remitted in foreign currency 0 0
Total amount of dividend remitted in foreign currency 0 0
Earnings on other income 0 0
Total earnings in foreign currency 0 0
Domestic sale manufactured goods 0 0
Domestic sale traded goods 0 0
Total domestic turnover goods, gross 0 0
Export sale manufactured goods 0 0
Export sale traded goods 0 0
Total export turnover goods, gross 0 0
Total revenue from sale of products 0 0
Domestic revenue services 77,07,90,546.44 24,21,76,207.74
Export revenue services 2,05,66,820.82 50,26,000
Total revenue from sale of services 79,13,57,367.26 24,72,02,207.74
Gross value of transaction with related parties as per AS-18 43,82,654 4,30,488
Bad debts of related parties as per AS-18 0 0
[300100] Notes - Revenue

01/04/2016 01/04/2015
to to
31/03/2017 31/03/2016
Textual information (40) Textual information (41)
Disclosure of revenue explanatory [TextBlock] [See below] [See below]
121
Disclosure of revenue explanatory [Text Block]

i) Revenues are recognised when is probable that economic benefit will flow to the company and when it can be reliably measured. It is
accounted for net of trade discounts.
iii) Income and Expenditure are accounted for on Accrual Basis.
Disclosure of revenue explanatory [Text Block]

REVENUE RECOGNITION (AS 9)
i) Revenues are recognised when is probable that economic benefit will flow to the company and when it can be reliably measured. It is
accounted for net of trade discounts.
iii) Income and Expenditure are accounted for on Accrual Basis
[202200] Notes - Effects of changes in foreign exchange rates

31/03/2017 31/03/2016
Disclosure of notes on effect of changes in foreign exchange rates
explanatory [TextBlock]
Details of change in classification of significant foreign operation
[Abstract]
Impact of change in classification of significant foreign operation
0 0
on shareholders' fund
122
[300700] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Key managerial personnels and directors [Axis] KMP1 KMP2 KMP3 KMP4
01/04/2016 01/04/2016 01/04/2016 01/04/2016
to to to to
31/03/2017 31/03/2017 31/03/2017 31/03/2017
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[Abstract]
Disclosure of key managerial personnels and directors
and remuneration to key managerial personnels and
directors [LineItems]
VINEET KUMAR A D I T Y A ANKIT
SUNAY UDANK
Name of key managerial personnel or director VINOD KUMAR VISHWANATH
SHAH
VISHWANATH
MITTAL SINGHANIA SINGHANIA
Director identification number of key managerial
06452834 06920247 03559130 06704626
personnel or director
Date of birth of key managerial personnel or
21/07/1987 09/04/1991 23/08/1984 17/05/1988
director
Designation of key managerial personnel or director Director Director Director Director
Qualification of key managerial personnel or
C.A.C.S.CWA. B.Tech Civil B.E.Electrical B.A.(H) Eco., MBA
director
Shares held by key managerial personnel or director [shares] 11,00,000 [shares] 3,30,000 [shares] 60,000 [shares] 4,20,000
Key managerial personnel or director remuneration
[Abstract]
Gross salary to key managerial personnel or
director [Abstract]
Salary key managerial personnel or director 12,00,000 12,00,000 4,80,000 12,00,000
Gross salary to key managerial personnel or
12,00,000 12,00,000 4,80,000 12,00,000
director
Total key managerial personnel or director
12,00,000 12,00,000 4,80,000 12,00,000
remuneration
[301000] Notes - Corporate social responsibility

01/04/2016
to
31/03/2017
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
No
company
123

Navitas Green Solutions Private Limited: Standalone Financial Statements For Period 01/04/2016 To 31/03/2017

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NAVITAS GREEN SOLUTIONS PRIVATE LIMITED

Standalone Financial Statements for period 01/04/2016 to 31/03/2017

[400100] Disclosure of general information about company

Disclosure of principal product or services [Table] ..(1)

[400400] Disclosures - Directors report

Details of shareholding pattern [Table] ..(1)

Details of directors signing board report [Table] ..(1)

Last name of director MITTAL SINGHANIA

Details of indebtedness of company [Table] ..(1)

Details of indebtedness of company [Table] ..(2)

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(2)

Details of shareholding of promoters [Table] ..(1)

Details of shareholding of promoters [Table] ..(2)

Details of shareholding of promoters [Table] ..(3)

Details of shareholding of promoters [Table] ..(4)

Details of shareholding of promoters [Table] ..(5)

Details of shareholding of promoters [Table] ..(6)

NIC code of product/service 99 74999

Details of change in promoters’ shareholding [Table] ..(1)

Details of change in promoters’ shareholding [Table] ..(2)

Details of change in promoters’ shareholding [Table] ..(3)

Details of change in promoters’ shareholding [Table] ..(4)

Details of change in promoters’ shareholding [Table] ..(5)

Unless otherwise specified, all monetary values are in INR

Details of deposits which are not in compliance with requirements

Disclosure of appointment and remuneration of managerial personnels

Textual information (19)

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

3 DIVIDENDS: The Directors do not recommended any dividend.

C. Foreign Exchange Earning and Outgo: As per attachment

17 SUBSIDIARY COMPANY: The Company does not have any Subsidary

For the Board of Director

Place: Surat Navitas Green Solutions Private Limited

Form No. AOC-2

1 Details of contracts or arrangements or transactions not at arm's length basis

2 Details of material contracts or arrangement or transactions at arm's length basis

MEETINGS OF THE BOARD OF DIRECTORS

SN Date of Meeting Board Strength No. of Directors Present

Sr. No. Date of Transaction Particular/Purpose/Nature of Transaction Amount of Transaction

1 Earlier Year(s) Investment in Equity instruments 2,00,000/-

3 Earlier Year(s) Security Deposit 10,20,704/- 10,20,704.0

LOANS RECEIVED FROM DIRECTORS AND RELATIVES

CHANGES AMONGST DIRECTOR/ KMP

(See Rule 8 of Companies(Accounts) Rules, 2014)

A Conservation of Energy NIL

(i) the steps taken or impact on conservation of energy

(iii) the capital investment on energy conservation equipment

B Technology absorption NIL

(i) the efforts made towards technology absorption

a The details of technology imported

b the year of import

c whether the tchnology been fully absorbed

(iv) the expenditure incurred on research and development.

C Foreign Exchange Details of Earning in

Current Year Previous Year

Export of goods calculated on FOB basis 2,05,66,820.00

Interest and dividend

Professional and consultation fees

Total Earning in Foreign Exchange 2,05,66,820.00

Details of Expenditure in Foreign Exchange

Import of goods calculated on CIF basis