KHOJ PROPE,RTIES PRTVATtr

LIMITE,D

flN.*.NCIJIL STATEMENTS
FOR THE

FINANCIAL YU*.R 20 r Z.r 8

lqer
AUDITOR
LKM & Co.
CHARTERBD ACCOUNTANTS
 LKM & Co.
CHARTERED ACCOUNTANTS

Independent Auditor's RePort

io tt e Vte.Uet" of Khoj Properties Private Limited

R€port on the Financial Statements

Wehaveauditedtheaccompanyingfinancialstatements..ofKhojPropertiesPrivateLimited^(..the
March 2018 and the Statement of Profit
cornpany"), which comprises tn" e1;"1" Sheet as at 3l't
accounting policies and other
and Loss for the year "noeo unJ'u "ttury of significant
explanatory information

nts
Managements Responsibility for the financial stateme

TheCompany,sBoardofDirectorsisresponsibleforthemattersinsection134(5)ofthe
of these financial statements tliat
companies ect, zo t: (..the Acf;) with respect to the preparation
the c.omnanl
il;;l;"; unJ'fui, ui"* of the financial position .and financial performance.of ln
in India' including the Accountlng
accordance with the accountlng principles generally accepted
7 ofthe Companies (Accounts)
iiunaura, specified unde1. Sectioir 133'ofth-e Act, read with Rule
accounting records^ilr
n"J.r, zo l+. This responsibility also includes the maintenance of adequate
the company and for
u"*rdun"" with the provision of the Act for safeguarding of the assets of of
pr."."tlng and detecting the frauds and other irregularities; selection and application
reasonable and prudent;
;p;iltffi accounting po-licies; making judgments.and istimates that are
that were operating
uil a'.rign, implemeitation una.uini*u,i" of internal financial control, relevant to the
.if".tiu"iy ior anruring the accuracy and completeness ofthe accounting records'.
give a true and fair view and are free
o..purution and presen*tation of the hnancial siatements that
irom rnaterial tnisstatement, whether due lo fiaud or error'

Auditors ResPonsibilitY
based on our audit We
Our responsibility is to express an opinion on these financial statements
and auditing standards and
huu. tu'k"n into account t'he provisions of the Act, the accounting
provisions of the Act and
matters which are required to be included in the audit report under the
the Rules made there under.

specified under section

We conducted our audit in accordance with the Standards on Auditing
143(10)oftheAct.ThoseStandardsrequirethatwecomplywithethicalrequirementsandplan
financial statements are
and'peifo.m the audit to obtain ,"uronubla assurance about whether the
free from material misstatement.

An auclit involves perfotming procedures to obtain audit evidence about the amounts and
on the auditoa s judgment,
disclosures in the financial stat;ments. The procedures selected depend
statements, whether
including the assessment ofthe risks of material misstatement ofthe financial
considers internal financial
due to fiaud or error. In making those risk assessrnents, the auditor
that give true and fair
control relevant to the compani's preparation of the financial statements
An audit also
view in order to design uudit pio""du.". that are appropriate in the circumstances
includesevaluatingtheappropriatenessofaccountingpoliciesusedandthereasonablenessofthe
tlie overall presentation
accounting estimaLs rnaie by Company's Directors, as well as evaluating
of the financial statements.

We believe that the audit evidence we have ob ris,qufficient and appropriate to provide a

basis for our audit opinion on the financial stalgnrgnts

Office No.: C-603, Avirahi, Prem Nagar, Shanti Garden, Mira Road (East), Mumbai, Thane - 401 107.
lkmalpani@gmail.com
Opinion

In our opinion and to the best of our knowledge and according to the information and
explanations given to us, the said 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.

a. In the case ofthe Balance Sheet, of the state of affairs ofthe Company as at March 31,
201 8.

b, In the case of Statement of Profit and Loss, of the Profit for the year ended on that date
March 31, 2018

Report on other legal and regulatory requirements

L As required by the Companies (Audit Report) Order, 2016 ('the Order) issued by the
Central Government of lndia in terms of sub-section (11) ofsection 143 of Act, we give in
the Annexure a statement on the matters specified in the paragraph 3 & 4 of the order, to
the extent applicable.

2. As required by section 143(3) ofthe Act, we repoft that:

a. We have sought and obtained all the information and explanations which to the
best ofour knowledge and belief were necessary for the putpose ofour audit.

b. In our opinion, proper books of accounts 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 and Statement of Profit & Loss dealt with bv this report are in
agreement with the books of account.

d. In our opinion, the Balance Sheet and Statement ofProfit & Loss dealt with by this
repo( comply with the accounting standards specified under section 133 ofthe Act,
read with Rule 7 ofthe Companies (Accounts) Rules,20l4.

e. On the basis of written representations received from the directors, we report that
none of the directors is disqualified as on 31" March 2018, from being appointed as
a director in tems of section I 64(2) of the Act.

f. With respect to the adequacy of the Internal financial Control over Financial
Reporting ofthe company and the operating effectiveness ofsuch controls , refer
to our separate report in "Annexure A"; and

g. With respect to the other matters included in the Auditor's Report in accordance
with rule I I of the Companies (Audit and Auditors) Rules, 2014, and to our best of
our information and according to the explanations given to us -
i. The Company has disclosed the pending litigations on its financial position in its
financial statements as contingent liability. .

I
,
tr
 ii. The Company has made provision, as required under the applicable larv or
accounting standards, for material foreseeable losses, if any, on long term
contracts including derivative contracts to the financial Staternent.
iii. There was no liability towards amount required to be transferred, to the
Investor Education and Protection Fund by the Company.
For LI(M & Co.

Membership Number - 106989

Place : Thane
Date : 3'd September,20l8
Annexure - A to the Auditors' Report

Report on the Internat Financial controls under clause (i) of Sub-section 3 of Section
143

of the Companies Act' 2013 ("the Act")

We have audited the intemal financial controls over financial reporting ofKhoj Properties Private
Limited (,.the company") as of 31 March 2018 in conjunction with our audit of the financial
statements ofthe 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 intemal financial
controls based on the intemal 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 Charterec
Accountants of India ('ICAI'). These responsibilities include the design, implementation and
maintenance of adequate intemal 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
of the accounting records, and the timely preparation of reliable financial
"orpl"t.n..r
information, as required under the Companies Act,20l3.

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 Intemal 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 intemal financial controls, both
applicable to an audit of Intemal Financial Controls and, both issued by the Institute ofChartered
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 perfonning procedures to obtain audit evidence about tlie adequacy of the
internal financial controls system over financial reporting and their operating effectiveness. Our
audit of internal financial controls over financial repofting 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 intemal control based
on the assessed risk. The procedures selected depend on the auditor's judgment, including the
assessment ofthe risks of material misstatement ofthe 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
reporling.
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Meaning of Internal Financial Controls over Financial Reporting

A company's intemal 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 extemal purposes in accordance with generally accepted accounting
principles. A company's internal financial control over financial reporting includes those policies
and procedures that (l) pertain to the maintenance ofrecords 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 lnternal 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 ofchanges in conditions, or that the degree ofcompliance with the policies or procedures
may deteriorate.

Opinion
In our opinion, the Company has, in all material respects, an adequate intemal financial controls
system over financial reporting and such intemal financial controls over financial reporting were
operating effectively as at 3l March 2018, based on the internal control over financial reporting
criteria established by the Company considering the essential components of intemal control
stated in the Guidance Note on Audit of Intemal Financial Controls Over Financial Reportine
issued by the Institute ofChartered Accountants oflndia.

For LKM & Co.

Firm Registration Nunber- 126823W
Chalered Accoun!E119-' .

ll An'
.J/. k.^ltJly I'
w\l
Laxmikant MalpaiN.:a . ,
Proprietor
Membership Nurnber - 106989
Place :Thane
Date : 3'd Septernber, 2018
KHOJ PROPERTIES PRIVATE LIMITED
CIN:U45201 MH2004PTC144343
Balance Sheet as at 31st March, 2018 Amounts in {
As at As at
Notes 31st March, 2018 31st March, 2017
Equity and Liabilities
Shareholder's Funds
Share Capital 1 1,00,000 1 1,00,000
Reserves and Su|plus 4,12,14,494 4,12,27,375

4,23,14,094 4,23,27,375

Non.Current Liabilities
Long Term Borrowings
Deferred Tax Liabilities (Net)
Olher Long-Term Liabilities
Long-Term Provisions

Current liabilities
Short Term Borrowings 14,30,000 14,30,000
Trade Payables
Other Current Liabilities 1,08,383 66,783
Short-Term Provisions
15,38,383 14,96,783
Total 4,38,52,477 4,38,24,158

Assets
Non Current Assets
Fixed Assets
Tangible Assets
Intangible Assets
Non-Current Investments 4,38,44,;82
Deferred Tax Assets (Net)
Long-Term Loans and Advances
Other Non-Current Assets
4,38,44,182 4,38,15,583
Current Assets
Current lnvestments
lnventories
Trade Receivables
Cash and Bank Balances a,zgs e,itq
Short Term Loans and Advances
Othef Current Assets

4,38,52,477 4,38,24,158

Significant accounting pollcies 2

The accompanying notes are forming integral part of the financial slatements

As per our report of even date

f the Board of Directors of

Properties Private Limited

k$l>?
\ lKintu Bajaj)
Director
DIN: 00002998

Place: Mumbai
Date : 3rd September,2018
KHOJ PROPERTIES PRIVATE LIMITED
Cl N : U45201 MH2004PT C1 44343
Statement of Profit and Loss for the Year ended 31st March 2018
Amounts in t
Year ended Year ended
Particulars Note No.
March 31, 2018 March 31,2017
Continuing operations
tncome
Revenue from Operations I 28,498 39,664
Other Income
Total revenue

Expenses
Other Expenses 10 41,779 38,383
Total Expenses 41,779 38,383
Profits/(Loss) before Tax (13,281) 1,281
Tax Expenses:
Current Tax
Deferred Tax
Tax Adjustments for Previous Years
Total Tax Expenses
Profiu(Loss) for the year ( A +B ) (13,28r ) 1,281

Earnings per Equity Share:

Basic lc (1.33) 0.13
Diluted (1.33) 0.13

Summary of Significant Accounting Policies

The Accompanying Notes are an Integral Part of the Financial Statements.

As per our report of even date

For LKM & Co. For and on behalf of Board of Directors of

Khoj Private
w\\\imited
*-.h\)'
\ \' \
ja.i) (Kintu Bajaj)
Proprietor Director
Membership Number - 106989 DIN:00002966 DIN:00002998

Place : Mumbai
Date : 3rd September,2018
KHOJ PROPERTIES PRIVATE LIMITED
CIN:U45201 MH2004PTC1 44343

Notes forming part of the Balance sheet & statement of Profit and Loss
for the Year ended 31st March' 2018

Note3-Sharecapital
Amounts in t
As at 3'l March 2018 As at 31 March

Equity Shares of Rs. 10 each

Equity Shares of Rs. 10 each

Shares Forefeited

period
a. Reconciliation of shares outstanding at the beginning and at the end of the reporting

As at 3 l March 2018 As at 31 March 2017

Shares outstanding at the beginning of the

:Shares lssued durinq the
Shares outstandinq at the end of the

b. Terms/rights attached to equity shares

Rs '10 per share Each holdef ofequity
The company has only one class of equity shares having a par value of
shares is entitled to one vote per share

c. shnres held by holding/ultimate holcling company and/or their su hs id ia rics/associ1rtes

Company does not have any Subsidiary or Holding Company.

d. Aggregat€ rumbcr of bonus sharcs issucd, sharc issucd fot' corrsi(lcrafion othcr than ctrsh aDd
shlrcs bought
brcl( during the period of livc years immcdiatel)' preceding the rcportiDg d tc:
place in the last
No shares have issued either in bonus or consideration other than cash and no buy back of shares took

e. Oetails of shareholders holding more than 5% of share capital

As at 31 March 2018 As at 31 March 2017

Name of Shareholder No. of Shares No, of Shares
% of Holding % of Holding
held held
5,000 5Ao/o 5,0 00 500/0
Kishore Bajaj
Kintu Bajai 5,000 50% 5,000 500/o
KHOJ PROPERTIES PRIVATE LIMITED
Ct N : U45201 MH 200 4PT c 1 44343

Profit and Loss for the year ended 31st March' 2018
Notes forming part ot the Balance sheet & Statement of

Corporate information
incorporated under lle
Khoj Properties Private Limited ("the Company") is a. private company
pioriirioni of the Companies Act, 1956. The company is engaged in the activity of investment In
Drooerues.

Siqnificant Accountinq Policies

A. Basis of Preparation of Financial Statements

Accepted Accounling
These financial statements are prepared in accordance with lndian Generally
Prjnciples(GAAP)underthehistoricaIcostconventionontheaccruaIbasisexceptforcertainfinanciaI
accounting standards as
instrumenti which are measured at fair values. GAAP comprises mandatory
prescribedunderSectionl33oftheCompaniesAct,2Ol3('Act')readwithRuleToftheCompanies
been consistently applied except where a newly
inccounts) Rules, 2014, Accounting policies have standard requires
Lsued accounting standard is initiallt adopted or a revision to an existing accounting
a change in the accounting pol;cy hitherlo in use

B. Use of Estimates
principles
The preparation of the financial statements in conformity with generally accepted accounting
that affect the reported amounts of assets
|."qrir"a tun"g"tent to make estimates and assumptions
liabilities as at the date of financial statements and the reported
and liubititie", disclosure of contingent
amounts of revenues and expenses during the reporting year. Key estimates include estimate of
useful lives of fixed assets, income taxes and future obligations under employee fetirement benefit
plans. Although these estimates are based upon management's knowledge of current events and
are
actions, actu;t results could differ from those estimates. Any revisions to accounting estimates
recognized prospectively in the current and future periods.

Revenue Recognition
Revenue is recognized to the extent that is probable that the economic benefits will flow to the
enterprise and the Ievenue can be reliably measured

D. Expenditu.e
Expenses are accounted for on accrual basis and provision is made for all known losses and liabilities

E. Provision for Current and Deferred Tax

provision for current tax is made after taking into consideration benefits admissible under the
provisions of the lncome{ax Act, 1961 . Deferred tax resulting ffom "timing difference" between taxable
and accounting income is accounted for using the tax rates and laws that are enacted or substantively
enacted as on the balance sheet date. Deferred tax asset is recognised and carried forward only to the
extent that there is a virtual certainty that lhe asset will be realised in future

F. Provisions, contingent Liabilities and contingent Assets

provisions involving substantial degree of estimation in measurement are recognized when there is a
present obligation as a result of past events and it is probable that there will be an outflow of
resources. Contingent Liabilities are not recognised but are disclosed in the notes. Contingent Assets
are neither recognized nor disclosed in the financial statemenls
KHOJ PROPERTIES PRIVATE LIMITED
C N : U4520'f M H200 4Pr C 1 44343
I

year ended 31st March' 2018

Notes forming part of the Balance Sheet & Statement of Profit and Loss for the

G. Earning Per Share (EPS)

',Earning per Share (EpS),,is catcutated by dividing the Net Profit attributable to Equity Shareholders
by the Weighted Number of Equity Shares outstanding during the Period in complying with
"Accounting Standard - 20".

H. lnvestments
lnvestments are valued at cost.

Cash and Cash Equivalents

Cash and Cash Equivalents include cash in hand and current bank accounts

Amounts in {
Reserves and surplus 31-Mar-18 31-Mar-17

Security Premium
Opening 20,00,000 20,00,000

Add :Addition / (Utilisation) during the Year

Closing Balance 20,00,000 20,00,000

Profit and Loss Account

Opening Balance 3,92,27,375 3,92,26,094

Add : Profrt / (Loss) During the Year (13,281) 1 ,281

3,92,14,094 3,92,27,37 5

Closing Balance 4,'t2,14,094 4,12,27,375

Short Term Borrowings 31-Mar-18 31-Marl7

Interest Free Loan and Advance from Related '14,3 0,000 14,30,000
Parties repayable on Demand
14,30,000 14,30,000

The above amount includes

- From Directors 14,30,000 14,30,000

- From Other
14,30,000 '14,30,000

Other Current Liabilities 31-Mar-18 3 l .Ma r-17

Sundry Creditors - Others 1,08,383 66,783

1,08,383 66,783
KHOJ PROPERTIES PRIVATE LIMITED
c I N : U45201 M H 200 4Pf C1 443 43

Loss tor the year ended 31st March' 2018

Notes forming part of the Balance Sheet & Statement ol Profit and

31-Mar-18 31-Mar-17
Non Current Investment
lnvestment in PartnershiP Firm
1,45,85,089 1 ,45,7 4,935
K - 6 Associates

K - Square 1,46,54,604 1 ,46,45,514

1 ,46,O4,487 1,45,95,233
Sunrise Corporation
4,38,44,181 4,38,15,683

31-Mar-18 31-Mar-17
Cash and Bank Balances
Cash at Bank
8,295 8,47 4
- Union Bank of Indaa
8,29 5 8,47 4

31-Mar-'18 31-Mar-17
Revenue from Operations
28,498 39,664
ProfiV(Loss) from Partnership Firm
28,498 39,664

31-Mar-18 31-Mar-17
10 Other Expenses
Audit Fees 17 ,7 00 17 ,250
179 175
Bank Charges
23,600 20,958
Professional Charges

ROC Charges 300

41,ry9 _,____-__! !.
ln the opinion of the l\,4anagement, the current assets' loans and advances are not less than
lhe value
stated if realized in the ordinary course of business

12 There are no Micro and small Enterprises, to whom the company owes dues, which are outstanding
for more than 45 days as at 31st lMarch, 2018. This information as required to be disclosed under
Micro. small and l\4edium Enterprises Development Act, 2006 has been determined to the extent
such
oarties have been identified on the basis of the information available with the company.

13 Miscellaneous expenditure is charged to the statement of profit and loss as and when it is incurred

14 Additional information pursuant to the schedule lll of the companies Act, 2013 :-

Expenditures in Foreign Currency Nil

Income in Foreign Currency Nil
KHOJ PROPERTIES PRIVATE LIMITED
Cf N : U45201 MH 200 4PT c 1 44343

Profit and Loss for the year ended 31st March'

2018
Notes forming part of the Balance Sheet & statement of

31-Mar-'18 3l-Mar-17
15 Calculation of Earning Per Share (EPS) :

(1 3,281) 1 ,281
Profit for the Year
Weighted average number of Equity Shares 10,000 10,000
outstanding during the },ea' 10
10
Face Value Per Equity Share
(1 33) 0.1 3
Basic & Diluted EPS

31-Mar-18 3'l -Mar-17

16 Payments to Auditors:
17 ,7 00 17 ,250
As Auditors
Total
17.700 17 ,250

17 Previous Year Figures

The previous year figures have also been regrouped & reclassified
to contlrm lo this years
classification.
KHOJ PROPERTIES PRIVATE LIMITED
CIN:U45201 MH2004PTC 144343
Notes to the financial statements for the year ended 31March,2018

18 Related Party Disclosures :

a) Names of related Pdrties and descriPtion of relationshiP

(i) Key Management Personnel (KMP)
NL. Iishore Bajal
\Irs. Kintu Baiaj

(ii) Compalies in rvhich key management Personnel or theit relativcs have significant
influence (Others)
I( 6 Associates
K SquAre
Sunrise Corporation

b) The rransactions with relatcd parties for the ycar arc as follorvs:
Arnorrnts irr {
Key Managernent Personnel Others
Particulars
March 31,2018 March 31,2017 March 31,2018 March 31,2017
lnvc\trncnt\ Q'Jet of Profi r"/L,^s) 28,198 39,664

Urrsccured lo.rn Repaid during the ycar 500

c) BalaDces at the year end I

Amounts in t
Key Menagcment Personnel Orhers
Particulars
March 31,2018 March 31,2017 March 31,2018 March 31,2017
Inr,cstrrert In Pertncshrp Frflr 4,38,.+4,181 4,38,15,683

Loan pafable 1.1,30,000 14,30,000