AUDITED ANNUAL REPORT

of

R. M. POLYPETS PRIVATE LIMITED

3/1 NEW TANGRA ROAD, KOLKATA - 700 046

FINANACIAL YEAR : 2017-18

ASSESSMENT YEAR : 2018-19

: AUDITORS :

M/s. NAWALGARIA & COMPANY

Chartered Accountants
20, J M Avenue,
Near Girish Park Metro St,
Kolkata – 700 006
Ph : (O) 3192 5500 (M) 98305 75066
E-MAIL : [Link]@[Link]
R. M. POLYPETS PRIVATE LIMITED

Balance Sheet as at 31st March 2018

PARTICULARS NOTE NO. 31.03.2018 31.03.2017

Rs. Rs.

A EQUITY AND LIABILITIES

1 Shareholders' funds

(a) Share capital 3 9,901,590 9,901,590

(b) Reserves and surplus 4 3,028,215 1,946,824

2 Non-current liabilities

(a) Long Term Borrowings 5 37,306,388 26,245,256

(b) Deferred tax liability (Net) 6 - -

3 Current liabilities

(a) Short Term Borrowings 7 10,712,970 11,865,593

(b) Trade payables 26,598,772 13,060,128

(c) Other current liabilities 8 5,592,051 5,604,261

(d) Short Term Provisions 9 300,000 550,000

TOTAL 93,439,987 69,173,652

B ASSETS

1 Non-current assets

(a) Fixed assets 10 23,723,198 19,865,540

(b) Other non-current assets 11 1,292,636 1,217,383

2 Current assets

(a) Inventories 12 12,409,172 8,830,483

(b) Trade receivables 13 54,656,488 36,207,360

(c) Cash and bank balances 14 421,575 837,852

(d) Short- term loans & advances 15 936,918 2,215,034

TOTAL 93,439,987 69,173,652

Significant accounting policies 2

Accompanying notes form integral part of the financial statements

As per our report of even date attached For & on behalf of the board
For Nawalgaria & Company
Chartered Accountants
FRN: 327124E Sanjay Poddar
Director
(DIN 03338779)
Tarun Nawalgaria
Partner
Membership No: 069320 Deepak Kumar Sureka
Place: Kolkata Director
Date: 05.09.2018 (DIN 03299941)
R. M. POLYPETS PRIVATE LIMITED

Statement of Profit and Loss for the year ended 31st March 2018

PARTICULARS NOTE NO. 31.03.2018 31.03.2017

Rs. Rs.

1 Revenue From operations (gross) 16 202,919,790 194,794,585

Less: Excise Duty 4,999,308 21,948,211

Revenue From operations (net) 197,920,482 172,846,374

2 Other income 17 474,200 462,703

Total revenue 198,394,682 173,309,076

3 Expenses

(a) Raw Materials Consumed 18 162,078,264 144,765,699

(b) Changes in inventory 19 (2,777,374) (6,670,913)

(c) Manufacturing expenses 20 17,629,422 19,213,861

(d) Employee Benefits Expense 21 2,550,497 2,651,490

(e) Finance Costs 22 5,823,904 4,511,861

(f) Depreciation and Amortization Expense 10 4,720,606 4,433,730

(g) Other Expenses 23 6,939,717 3,274,919

Total expenses 196,965,036 172,180,646

4 Profit before exceptional items & tax 1,429,646 1,128,430

Exceptional Items - -

5 Profit before tax 1,429,646 1,128,430

6 Tax Expense

(a) Tax expense for current year 300,000 550,000

(b) Tax expense for prior years 48,255 (108,339)

(c) Net Current Tax 348,255 441,661

(d) Deferred Tax - -

7 Profit/ (Loss) for the year 1,081,391 686,769

8 Basic Earnings Per Share 26 1.09 0.69

Significant accounting policies 2

Accompanying notes form integral part of the financial statements

As per our report of even date attached For & on behalf of the board
For Nawalgaria & Company
Chartered Accountants
FRN: 327124E Sanjay Poddar
Director
(DIN 03338779)
Tarun Nawalgaria
Partner
Membership No: 069320 Deepak Kumar Sureka
Place: Kolkata Director
Date: 05.09.2018 (DIN 03299941)
R. M. POLYPETS PRIVATE LIMITED
Cash flow statement for the year ended 31st March 2018
31/03/2018 31/03/2017
SL. No. Particulars
Rs. Rs.
A. CASH FLOW FROM OPERATING ACTIVITIES
Net Profit / (Loss) before Tax & Extraordinary items 1,429,646 1,128,430
Adjustment for :
Depreciation 4,720,606 4,433,730
Interest Income (474,200) (462,703)
Interest Expenses 5,823,904 4,511,861

Operating Profit before Working Capital Changes 11,499,956 9,611,318

Adjustment for :
Net Increase/(Decrease) in Trade Payables 13,538,644 (486,104)
Net Increase/(Decrease) in Short Term Borrowings (1,152,623) 5,019,891
Net Increase/(Decrease) in Short Term Provisions (250,000) (700,000)
Net Increase/(Decrease) in Other Current Liabilities (12,210) (2,660,295)
Net Decrease/(Increase) in Inventories (3,578,689) (7,078,839)
Net Decrease/(Increase) in Trade Receivables (18,449,127) (9,879,760)
Net Decrease/(Increase) in Short Term Loans and Advances 1,278,116 640,261
Net Decrease/(Increase) in Other Current Assets -
Cash Generated from Operations 2,874,066 (5,533,528)
Less: Tax expense 348,255 441,661
Net Cash from Operating Activities (A) 2,525,811 (5,975,189)

B. CASH FLOW FROM INVESTING ACTIVITIES

Purchase of Fixed Assets (8,578,264) (3,310,089)
Interest Received 474,200 462,703
Investment in fixed deposit - -
Maturity of fixed deposit (75,253) 842,288
Net Cash Flow from Investing Activities (B) (8,179,316) (2,005,098)

C. CASH FLOW FROM FINANCING ACTIVITIES

Issue of equity shares - -
Interest Paid (5,823,904) (4,511,861)
Repayment of term loan (967,947) (1,477,263)
Repayment of unsecured loan (net) - -
Borrowings from unsecured loan 12,309,296 10,847,723
Borrowings from Federal Bank (280,217) 402,641
Borrowings from Kotak Mahindra (car loan) - -
Net Cash Used in Financing Activities (C) 5,237,228 5,261,240

Net Increase in Cash and Cash Equivalent (A+B+C) (416,277) (2,719,048)

Cash and Cash Equivalents at the begining of the year 837,852 3,556,900
Cash and Cash Equivalents at the end of the year 421,575 837,852

Notes:
(i) The accompanying notes form an integral part of the financial statements.
(ii) The above Cash Flow Statement has been prepared as per the Indirect Method specified in Notified Accounting
Standard 3 and is based on the Balance Sheet as at 31 March 2018. The reallocations required for the purpose are
as made by the management.

As per our report of even date attached For & on behalf of the board
For Nawalgaria & Company
Chartered Accountants
FRN: 327124E Sanjay Poddar
Director
(DIN 03338779)
Tarun Nawalgaria
Partner
Membership No: 069320 Deepak Kumar Sureka
Director
(DIN 03299941)
R. M. POLYPETS PRIVATE LIMITED
Notes to the Financial Statements for the year ended 31st March 2018

NOTE 1 - Corporate information

R. M. Polypets Private Limited (referred to as "the Company"), is a private company, having its registered
office at 3/1 New Tangra Road, Kolkata - 700 046. The Company is primarily into manufacturing of plastic
bottle preforms and complete bottles.

NOTE 2 - Significant Accounting Policies & Practices

The accounting policies set out below have been applied consistently to the periods presented in these
financial statements.

a. ACCOUNTING CONVENTION
(i) The Financial statements of the Company have been prepared in accordance with the Generally Accepted
Accounting Principles in India (Indian GAAP) to comply with the Accounting Standards specified under
Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014,
relevant provisions of the Companies Act, 2013 (“the 2013 Act”)/ Companies Act, 1956 (“the 1956 Act”), as
applicable and other accounting pronouncements of the ICAI. The financial statements have been prepared
on accrual basis under the historical cost convention.

(ii) All assets and liabilities have been classified as current or non-current as per the Company’s normal
operating cycle and other criteria set out in the schedule III to the 2013 Act. Based on the nature of
product/ service and the time between the acquisition of assets for processing and their realisation in cash
and cash equivalents, the Company has determined its operating cycle as twelve months for the purpose of
current - non current classification of assets and liabilities.

(iii) The preparation of the financial statements, in conformity with the generally accepted accounting
principles, require management to make estimates and assumptions that are considered in the reported
amounts of assets, liabilities including disclosure of contingent liabilities on the date of financial statements,
and reported amounts of revenues and expenses for the year. Estimates are based on historical experience,
where applicable and other assumptions that management believes are reasonable under the
circumstances. Such estimates and underlying assumptions are reviewed on an ongoing basis. Appropriate
changes in estimates are made as the management becomes aware of any change in circcumstance
surrounding the estimate. Actual results could vary from these estimates and any such differences are dealt
with in the period in which the results are known/ materialize.

b. REVENUE RECOGNITION
(i) Revenue is recognised to the extent that it is probable that the economic benefits will flow to the
Company and such revenue could be reliably measured. Revenue from sale of goods is recognized when the
property in goods or all significant risk and rewards of its ownership are transferred to the customer. The
amount recognised is net of returns, trade discounts and quantity discounts.

(ii) Interest income is accounted on accrual basis.

c. FIXED ASSETS & DEPRECIATION

Cost comprises the expenditure incurred in the acquisition, construction and installation and other
attributable expenses of bringing the asset to its working condition for its intended use. Tangible fixed
assets and Intangible assets, that are not yet ready for their intended use (if any), are carried at costs,
comprising direct cost, and other incidental / attributable expenses and reflected under Capital work in
progress / Intangible assets under development, respectively.

TANGIBLE ASSETS
(i) Fixed Assets are stated at cost less accumulated depreciation and impairment losses(if any).

(ii) Assets retired from active use and held for dispaosal are stated at lower of their net book value and net
realisable value and shown under "Other Current Assets".
(iii) Profit/ Loss arising from the disposal of fixed assets are measured as difference between the net
disposal proceeds and the cost of the assets less accumulated depreciation up to the date of disposal and
are recognised in the Statement of Profit and Loss.
R. M. POLYPETS PRIVATE LIMITED
Notes to the Financial Statements for the year ended 31st March 2018
INTANGIBLE ASSETS
Intangible Assets (if any) are stated at cost of initial recognition less accumulated amortisation and
accumulated impairment losses(if any).

DEPRECIATION
Depreciation on fixed assets has been provided on 'Written Down Value' method and the applicable rates
determined based on the useful lives of the tangible fixed assets specified in Schedule II of the Companies
Act, 2013. Resulting value of depreciation is recognized in the Statement of Profit and Loss.

IMPAIRMENT
The carrying values of assets / cash generating units at each Balance Sheet date are reviewed for
impairment. If any indication of impairment exists, the recoverable amount of such assets is estimated and
impairment is recognised, if the carrying amount of these assets exceeds their recoverable amount. The
recoverable amount is the greater of the net selling price and their value in use. Value in use is arrived at
by discounting the future cash flows to their present value based on an appropriate discount factor. When
there is indication that an impairment loss recognised for an asset in earlier accounting periods no longer
exists or may have decreased, such reversal of impairment loss is recognised in the Statement of Profit and
Loss, except in case of revalued assets.

d. PROVISIONS AND CONTINGENT LIABILITIES

(i) 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 reviewed at each balance sheet date and adjusted to reflect the
current best estimates.

(ii) Contingent Liabilities are obligations whose exitence, based on the evidence available, is considered not
probable at the balance sheet date and are shown by way of notes to the Accounts.

(iii) A Contingent Asset is neither recognized nor disclosed in the Financial Statements.

e. EARNINGS PER SHARE

Basic earnings per share are 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.

f. CURRENT ASSETS LOANS AND ADVANCES

In the opinion of the management, Current Assets, Loans & Advances have a value on realisation at least
equal to the amount at which they are stated in the Balance Sheet. Adequate provisions have been made
for all known losses and liabilities.
g. TAXES ON INCOME

(i) Income tax expenses comprise current and deferred taxes. Current tax is determined on income for the
year chargeable to tax in accordance with the applicable tax rates and the provisions of the Income Tax
Act, 1961 and other applicable tax laws and after considering credit for Minimum Alternate Tax (MAT)
available under the said Act. MAT paid in accordance with the tax laws which gives future economic benefits
in the form of adjustments to future tax liability, is considered as an asset if there is convincing evidence
that the future economic benefit associated with it will flow to the Company resulting in payment of normal
income tax.

(ii) Deferred tax is recognised on timing differences, being the difference between taxable income and
accounting income that originate in one period and are capable of reversing in one or more subsequent
periods. Deferred tax is measured using the tax rates and the tax laws enacted or substantively enacted as
at the reporting date. Deferred tax assets are not recognized following the principle of conservatism.
R. M. POLYPETS PRIVATE LIMITED
Notes to the Financial Statements for the year ended 31st March 2018

h. EMPLOYEE BENEFITS
(i) All employee benefits payable within twelve months of rendering of the service are classified as short-
term benefits. Such benefits include salaries, wages, bonus, short term compensated absences, awards,
exgratia etc. and are recognised in the period in which the employee renders the related service.

(ii) The Company does not have any other employee benefits liability other than short term employee
benefits.

i. INVENTORY
(i) Inventories are valued at the lower of cost and the net realisable value. Cost is determined on First In
First Out (FIFO) method. Cost comprises all costs of purchase, conversion and other costs incurred in
bringing the inventories to their intended location and condition.

(ii) Cost of raw materials held for production of finished goods are not written down below the cost.

j. CASH FLOW STATEMENT

Cash flow statements are reported using the indirect method, whereby profit/(loss) before extra-ordinary
items/exceptional items and tax is adjusted for the effects of transactions of non-cash nature and any
deferrals or accruals of past or future cash receipt or payments. The cash flows from operating, investing
and financing activities of the Group are segregated based on available information including taxes paid
relating to these activities.
R. M. POLYPETS PRIVATE LIMITED
Notes to the Financial Statements for the year ended 31st March 2018
31.03.2018 31.03.2017
NOTE 3 - SHARE CAPITAL Rs. Rs.
Authorised
10,00,000 Equity Shares (P.Y. 10,00,000) of Rs.10 /- each 10,000,000 10,000,000
Issued, Subscribed and Paid-up
9,90,159 Equity Shares (P.Y. 9,90,159) of Rs.10 /- each fully paid up 9,901,590 9,901,590

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

31.03.2018 31.03.2017
Nos. Rs. Nos. Rs.
At the beginning of the period 990,159 9,901,590 990,159 9,901,590
Additions during the period - - - -
Outstanding at the end of the period 990,159 9,901,590 990,159 9,901,590
b. Terms attached to equity shares

The Company has only one class of equity shares having a par value of Rs. 10/- each. Each holder of equity shares
is entitled to one vote per share.

c. Shares held by Holding company and Ultimate holding company

The Company does not have any Holding / Ultimate holding company.
d. Details of shareholders holding more than 5% of the aggregate shares in the Company
31.03.2018 31.03.2017
Name of the Shareholder Nos. % holding Nos. % holding
Deepak Kumar Sureka 71,713 7.24% 71,713 7.24%
Gopi Ram Sureka HUF 73,041 7.38% 73,041 7.38%
Lalita Devi Sureka 79,681 8.05% 79,681 8.05%
Mahesh Kumar Sureka 58,433 5.90% 58,433 5.90%
Harsh Sureka 53,121 5.36% 53,121 5.36%
Kirty Poddar 55,000 5.55% 55,000 5.55%
Mohan Lal Sureka (HUF) 66,401 6.71% 66,401 6.71%
Panna Devi Poddar 66,946 6.76% 66,946 6.76%
Sanjay Poddar (HUF) 67,961 6.86% 67,961 6.86%
Shankarlal Sureka (HUF) 92,961 9.39% 92,961 9.39%
Shanti Devi Sureka 73,041 7.38% 73,041 7.38%

NOTE 4 - RESERVES AND SURPLUS

Surplus in the statement of profit & loss
Balance as per last financial statements 1,946,824 1,260,055
Profit for the year 1,081,391 686,769
3,028,215 1,946,824
R. M. POLYPETS PRIVATE LIMITED
Notes to the Financial Statements for the year ended 31st March 2018
31.03.2018 31.03.2017
Rs. Rs.
NOTE 5 - LONG TERM BORROWINGS
As secured
Term Loans - - Federal Bank ** 1,166,664 2,073,593
Car Loan From Kotak Mahindra Prime Ltd.*1 - 61,018

Car Loan From Federal Bank*2 122,424 402,641

As unsecured 36,017,300 23,708,004

37,306,388 26,245,256
Nature of Security :
*1 The above mentioned facility is to be repaid within a period of 36 months by 36 equal monthly installments @
0.31 lacs each. The period of repayment due with respect to balance sheet date is 2 months.

*2 The above mentioned facility is to be repaid withn a period of 36 months by 36 equal monthly installments @
0.25 lacs each. The period of repayment due with respect to balance sheet date is 17 months.

NOTE 6 - DEFERRED TAX LIABILTY (NET)

Components of Deferred Tax Liability/ (Asset)
Depreciation - -
- -
NOTE 7 - SHORT TERM BORROWINGS
As Secured
Federal Bank Ltd. - Bank o/d ** 10,712,970 11,865,593
10,712,970 11,865,593
Nature of Security :

** Primary : Term Loan - Hypothecation of plant & machinery and other fixed assets to be acquired at a cost of
Rs. 65.09 lacs with 32.40% margin
Cash Credit - Hypothecation of stock of raw material, work in progress, finished goods with 25% margin and book
debts with 50% margin.

LC - Cash margin of 15 percent and document of title to goods covered under LC.
Collateral : EM of land admeasuring 10.188 cottahs of land with building connected theron situated at 3/1, New
Tangra Road, P.O. & P.S. Tangra, Kolkata, West Bengal - 700076, in the name of M/s Gobindaram Bishwambhar Lal
(Partnership firm).
The above facility is further guaranted by M/s Gobindram Bishwambharlal, Mrs. Lalita Devi Sureka, Mr. Deepak
Kumar Sureka, Mr. Mahesh Kr. Sureka, Mr. Sanjay Kumar Poddar and Mrs. Gita Devi Shah.
R. M. POLYPETS PRIVATE LIMITED
Notes to the Financial Statements for the year ended 31st March 2018
31.03.2018 31.03.2017
Rs. Rs.
NOTE 8 - OTHER CURRENT LIABILITIES
Sundry Creditors for Expenses 1,759,089 1,467,802
Current Maturities of long term borrowings 1,267,716 1,439,759
Sundry Creditors for Other Liabilties 520,358 395,536
Advance from Customers 903,877 440,378
Cheques Overdrawn 1,141,011 1,860,786
5,592,051 5,604,261
NOTE 9 - SHORT TERM PROVISIONS
For Income Tax (A. Y. 2017-18) - 550,000
For Income Tax (A. Y. 2018-19) 300,000 -
300,000 550,000
NOTE 11 - OTHER NON CURRENT ASSETS
Fixed Deposits with Federal Bank 1,292,636 1,217,383
1,292,636 1,217,383
NOTE 12 - INVENTORIES
(As taken, valued and certified by the management)
Raw Materials 1,779,829 741,908
Finished Goods 10,153,314 7,370,780
Scrap 6,270 11,430
Packing material 469,760 706,365
12,409,172 8,830,483
R. M. POLYPETS PRIVATE LIMITED
Notes to the Financial Statements for the year ended 31st March 2018
31.03.2018 31.03.2017
Rs. Rs.
NOTE 13 - TRADE RECEIVABLES
(Unsecured, Considered Good)

Debts outstanding for a period exceeding six months from the date they
7,720,028 4,180,814
became due for payment

Other Debts 46,936,460 32,026,546

54,656,488 36,207,360
NOTE 14 - CASH AND BANK BALANCES
Cash & Cash equivalents
Cash In Hand (as Certified) 398,228 380,783
Balances With Banks
Current Accounts
IDBI Bank 23,348 448,465
HDFC Bank Ltd (A/C SHARE ISSUE) - 8,604
23,348 457,069
421,577 837,852
NOTE 15 - SHORT TERM LOANS & ADVANCES
(Unsecured, considered good)

Advances recoverable in cash or in kind or for value to be received 95,912 1,185,967

Advance Tax for A.Y. -2018-19 200,000 -

Security Deposit with CESC 260,669 376,344
Sales Tax paid in advance 199,458 199,458
VAT Credit Receivable 52,953 52,949
Balance with Excise Authorities - 183,044
Income Tax (A.Y. 2017-18) - 200,000
GST Credit Receivable 118,081 -
TDS Recievable (A.Y. 2017-18) - 17,273
TDS Recievable (A.Y. 2018-19) 9,845 -
936,918 2,215,034
NOTE 16 - REVENUE FROM OPERATIONS
Sale of products
- Local Sales* 202,919,790 194,794,585
* net of realisation, reimbursements and actual expenses 202,919,790 194,794,585
Nil, (P.Y. Rs. 28,11,832)
R. M. POLYPETS PRIVATE LIMITED
Notes to the Financial Statements for the year ended 31st March 2018
31.03.2018 31.03.2017
Rs. Rs.
NOTE 17 - OTHER INCOME
Interest income 98,453 152,033
Foreign Exchange Fluctuation 375,747 207,170
Job Charges - 103,500
474,200 462,703
NOTE 18 - RAW MATERIALS CONSUMED
Opening Stock 741,908 165,851
Add : Purchases 163,116,185 145,341,757
163,858,093 145,507,607
Less : Closing Stock 1,779,829 741,908
162,078,264 144,765,699
NOTE 19 - CHANGES IN INVENTORY
Opening Inventory
Finished Goods 7,370,780 710,029
Scrap 11,430 1,268
Less: Closing Inventory
Finished Goods 10,153,314 7,370,780
Scrap 6,270 11,430
(2,777,374) (6,670,913)
NOTE 20 - MANUFACTURING EXPENSES
Power & Fuel 14,117,180 14,894,760
Repairs & Maintainance - Factory Building 325,199 505,556
Repairs & Maintainance - Plant & Machinery 749,802 843,030
Consumption of stores 415,569 259,930
Contractual Wages 2,021,673 2,710,584
17,629,422 19,213,861
NOTE 21 - EMPLOYEE BENEFITS EXPENSE
Salaries,Wages & Allowances 460,480 642,372
Director's Remuneration 1,920,000 1,920,000
Contribution to provident fund & others 170,017 -
Staff Welfare - 89,118
2,550,497 2,651,490
R. M. POLYPETS PRIVATE LIMITED
Notes to the Financial Statements for the year ended 31st March 2018
31.03.2018 31.03.2017
Rs. Rs.
NOTE 22 - FINANCE COSTS
Bank Charges (including loan processing fee) 93,316 121,842
Interest on Unsecured Loan 2,610,326 1,897,784
Interest on Loan from WBFC - 8,140
Intrest on late payment to vendors 1,728,084 1,141,169
Interest on Loan from Federal bank 1,316,531 1,250,246
Interest on Car Loan from Kotak Mahindra Bank 25,216 58,104
Interest on Car Loan from Federal Bank 50,431 34,575
5,823,904 4,511,861
NOTE 23 - OTHER EXPENSES
Auditor's Remuneration 32,000 29,000
Printing and Stationery 89,639 58,426
Rates & Taxes 49,543 206,227
Professional & Consultancy Expenses 24,900 42,795
Sales promotion expenses 180,500 70,000
Factory Rent 54,000 48,000
Freight & Forwarding Charges 2,126,851 -
Telephone & Internet Charges 122,793 132,783
Travelling & Conveyance 192,258 152,142
Packing Expenses 1,871,977 1,519,664
Factory repairs and maintenance 578,652 318,634
Motor Car Expenses 531,174 352,259
Insurance Charges 249,203 87,573
Discount Allowed 413,859 -
General Exp. 422,368 257,415
6,939,717 3,274,919
NOTE 24 - PAYMENT TO AUDITORS
(i) as auditor 32,000 29,000
(ii) as advisor, or in any other capacity, in respect of
- taxation matters 10,000 12,500
- company law matters - 10,000
- management services - -
(iii) in any other manner - -
42,000 51,500
R. M. POLYPETS PRIVATE LIMITED
Notes to the Financial Statements for the year ended 31st March 2018
31.03.2018 31.03.2017
Rs. Rs.
NOTE 25 - DETAILS OF GOODS MANUFACTURED
Finished Goods - Pet Preform, Pet Bottles
Opening Stock 7,370,780 710,029
Sales 197,920,482 172,846,374
Closing Stock 10,153,314 7,370,780
NOTE 26 - EARNINGS PER SHARE
a. Net Profit for the year attributable to equity shareholders 1,081,391 686,769
b. Weighted average number of Equity Shares of Rs.10 each outstanding
990,159 990,159
during the period

c. Basic Earnings Per Share (a/b) 1.09 0.69

NOTE 27 - RELATED PARTY DISCLOSURES

a. Names of the other related parties with whom transactions have taken place during the year
(i) Sanjay Poddar Shareholder, director
(ii) Mahesh Kumar Sureka Director
(iii) Deepak Kumar Sureka Director

b. Transactions carried out with related parties referred to in above, in the ordinary course of business are as under
:

Loan Taken / (Repaid)*

- Deepak Kumar Sureka 17,671 (91,970)
- Mahesh Kumar Sureka 57,077 (60,666)
- Sanjay Poddar 1,151,015 (24,522)
Salary Paid
- Sanjay Poddar 720,000 720,000
- Deepak Kumar Sureka 600,000 600,000
- Mahesh Kumar Sureka 600,000 600,000
Balance at year end
Loans*
- Deepak Kumar Sureka 235,831 218,160
- Mahesh Kumar Sureka 761,727 704,650
- Sanjay Poddar 2,396,210 1,245,195

* Closing balance of loan amount includes interest provided on the loan

R. M. POLYPETS PRIVATE LIMITED
Notes to the Financial Statements for the year ended 31st March 2018
NOTE 28 - DETAILS OF SPECIFIED BANK NOTES

During the year, the company had Specified Bank Notes (SBNs) or other denomination notes as defined in the MCA
notification, G.S.R. 308(E), dated 31st March, 2017. The details of SBNs and other notes held and transacted during
the period from November 08, 2016 to Decembere 30, 2016 as per the notification are as follows:
Other
Denomination
Particulars SBNs (Rs.) Notes (Rs.) Total(Rs.)
Closing cash in hand as on 08.11.2016 1,250,000 381,738 1,631,738
Add: Permitted receipts 1,086,639 1,086,639
Add: Amount withdrawn from banks 150,000 150,000
Less: Permitted payments 971,243 971,243
Less: Amount deposited in banks 1,250,000 - 1,250,000
Closing cash in hand as on 30.12.2016 - 647,134 647,134

NOTE 29 - VALUE OF IMPORTS calculated on C.I.F. Basis

Current Year - 1,20,07,610, Previous Year - 61,05,365

NOTE 30 - EXPENDITURE IN FOREIGN CURRENCY

Current Year - Nil, Previous Year - Nil.

NOTE 31 - EARNINGS IN FOREIGN CURRENCY

Current Year - Nil, Previous Year - Nil

NOTE 32 - There are no Micro, Small and Medium Enterprises to whom the Company owes dues, which are
outstanding for more than 45 days as at 31st March, 2018. This information as required to be disclosed under the
Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have
been identified on the basis of information available with the Company.

NOTE 33 - There has been no pending litigations as of 31st March, 2018 which has an impact on its financial
position as on that date and the Company also is not required to make any provisions as of 31st March, 2018, as
required to be made under any applicable laws of the land or accounting standards and/or for any material
foreseeable losses on any longterm contracts.

NOTE 34 - (i) These financial statements have been presented in accordance with the provisions set out in Schedule
III of the Companies Act, 2013.

(ii) Previous year's figures have been reclassified, regrouped and recasted, wherever necessary to conform to the
classification for current year.

As per our report of even date attached For & on behalf of the board
For Nawalgaria & Company
Chartered Accountants
FRN: 327124E Sanjay Poddar
Director
(DIN 03338779)
Tarun Nawalgaria
Partner
Membership No: 069320 Deepak Kumar Sureka
Place: Kolkata Director
Date: 05.09.2018 (DIN 03299941)
 [Link] PRIVATE LIMITED
Quantitative Stock Summary For the Year 2017-18

Captive
Sl. Opening Purchase Production Despatch Closing Rate per Value as on
Particulars Head Unit Total Qty. Consumptio Waste Qty.
no. Qty. Qty. Qty. Qty. Stock Qty. unit 31-03-2018
n Qty.
1 Cap FG Pcs 826,950 5,339,840 - 6,166,790 61,272 - 5,142,970 962,548 0.48 462,023
2 Ring FG Pcs - 37,600 - 37,600 10,517 - 17,990 9,093 7.77 70,653
3 Handel FG Pcs 222,920 630,840 - 853,760 61,272 - 382,080 410,408 0.92 377,575
4 Tap Matka FG Pcs 39,000 40,000 - 79,000 10,517 - 8,500 59,983 9.15 548,844
5 Pet Resin RM Kg. 2,019 1,925,900 - 1,927,919 1,665,860 34,527 210,400 17,132 93.36 1,599,379
6 Masterbatch RM Kg. 1,200 865 - 2,065 1,775 - - 290 622.24 180,450
7 Pet Preform FG Kg. 32,930 31,973 1,667,635 1,732,538 277,607 8,251 1,369,904 76,776 104.59 8,030,302
8 Pet Bottle FG Kg. 26,091 - 277,607 303,698 - - 297,917 5,781 114.84 663,916
9 Pet Lump SCRAP Kg. 635 - 42,778 43,413 - - 42,995 418 15.00 6,270
10 PP Bags PM Kg. 5,474 7,892 - 13,366 10,092 - - 3,274 101.00 330,674
11 HD Bags PM Pcs 14,413 68,269 - 82,682 69,659 - - 13,023 10.68 139,086

Value of Stock as on 31-03-2018 12,409,172

Finished Goods 10,153,314
Raw Materials 1,779,829
Scrap 6,270
Stores 469,760
12,409,172
R. M. POLYPETS PRIVATE LIMITED

Notes to the Financial Statements for the year ended 31st March 2018

NOTE 10 - FIXED ASSETS

GROSS BLOCK DEPRECIATION NET BLOCK

SL
PARTICULARS AS ON AS ON UP TO FOR THE ADJ ON UP TO AS ON
NO ADDITIONS DEDUCTIONS
01.04.2017 31.03.2018 31.03.2017 YEAR SALES 31.03.2018 31.03.2018

1 Plant & Machinery 37,476,211 8,578,264 - 46,054,475 19,159,958 4,230,553 - 23,390,511 22,663,964

2 Computer 132,334 - - 132,334 108,308 14,193 - 122,501 9,833

3 Vehicles 2,716,902 - - 2,716,902 1,191,641 475,860 - 1,667,501 1,049,401

TOTAL 40,325,447 8,578,264 - 48,903,711 20,459,907 4,720,606 - 25,180,513 23,723,198

GROSS BLOCK DEPRECIATION NET BLOCK

SL
PARTICULARS AS ON AS ON UP TO FOR THE ADJ ON UP TO AS ON
NO ADDITIONS DEDUCTIONS
01.04.2016 31.03.2017 31.03.2016 YEAR SALES 31.03.2017 31.03.2017

1 Plant & Machinery 35,197,557 2,278,654 - 37,476,211 15,244,463 3,915,495 - 19,159,958 18,316,253

2 Computer 132,334 - - 132,334 69,788 38,520 - 108,308 24,026

3 Vehicles 1,685,467 1,031,435 - 2,716,902 711,926 479,715 - 1,191,641 1,525,261

TOTAL 37,015,358 3,310,089 - 40,325,447 16,026,177 4,433,730 - 20,459,907 19,865,540

 R. M. POLYPETS PRIVATE LIMITED

TRANSFER
TOTAL FINAL 31.03.2018
SHAREHOLDING Opening Balance FRESH ALLOTMENTS
Rs. Rs.
Anil Kumar Sureka 30,000 300,000 - - 30,000 - 30,000 3.03%
Deepak Kumar Sureka 71,713 717,130 - - 71,713 - 71,713 7.24%
Gobind Ram Sureka (HUF) 33,201 332,010 - - 33,201 - 33,201 3.35%
Gopi Ram Sureka (HUF) 73,041 730,410 - - 73,041 - 73,041 7.38%
Harsh Sureka 53,121 531,210 - - 53,121 - 53,121 5.36%
Kirty Poddar 55,000 550,000 - - 55,000 - 55,000 5.55%
Lalita Devi Sureka 79,681 796,810 - - 79,681 - 79,681 8.05%
Mahesh Kumar Sureka 58,433 584,330 - - 58,433 - 58,433 5.90%
Manorama Sureka 26,560 265,600 - - 26,560 - 26,560 2.68%
Mohan Lal Sureka (HUF) 66,401 664,010 - - 66,401 - 66,401 6.71%
Panna Devi Poddar 66,946 669,460 - - 66,946 - 66,946 6.76%
Prem Prakash Sureka (HUF) 6,640 66,400 - - 6,640 - 6,640 0.67%
Pushpa Devi Sureka 33,201 332,010 - - 33,201 - 33,201 3.35%
Sanjay Poddar 42,497 424,970 - - 42,497 - 42,497 4.29%
Sanjay Poddar (HUF) 67,961 679,610 - - 67,961 - 67,961 6.86%
Shankarlal Sureka (HUF) 92,961 929,610 - - 92,961 - 92,961 9.39%
Shanti Devi Sureka 73,041 730,410 - - 73,041 - 73,041 7.38%
Shyam Sunder Sureka (HUF) 13,280 132,800 - - 13,280 - 13,280 1.34%
Suman Sureka 33,201 332,010 - - 33,201 - 33,201 3.35%
Tribeni Devi Sureka 13,280 132,800 - - 13,280 - 13,280 1.34%

TOTAL 990,159 9,901,590 - - 990,159 - 990,159 100.00%

 R. M. POLYPETS PRIVATE LIMITED

COMPUTATION OF TOTAL INCOME FOR THE ASSESSMENT YEAR 2018-19

RELATING TO THE PREVIOUS YEAR 2017-18

Amount (Rs.) Amount (Rs.)

INCOME FROM BUSINESS

Net Profit as per Profit & Loss A/c 1,429,646

Depreciation as per Companies Act 4,156,752

Depreciation u/s 32 of the I.T. Act (4,720,606) 865,793

Old losses set off -

Taxable Income 865,793

Tax on above @ 25.75% 222,942

Computation of tax under MAT

Book Profit 1,429,646

Tax on above @ 19.055% 272,419

Tax payable (higher of above two methods) 272,419

Less: TDS (9,845)

Less: Tax payments (200,000)

MAT credit adjustment -

Net tax payable 62,574

 R. M. POLYPETS PRIVATE LIMITED

SCHEDULE OF FIXED ASSETS AS PER INCOME TAX RULES,1962 FOR THE ASST YEAR 2018-19

ANNEXURE-I
TO FORM 3CD

W.D.V AS ON Addition W.D.V AS ON

More than 6 Less than 6 Deductions Total Depreciation
PARTICULARS Rate 01.04.17 months months 31.03.18

PLANT & MACHINERY 15% 19,458,229 4,199,964 4,378,300 128,000 27,908,493 3,857,901 24,050,591

COMPUTERS 40% 20,701 - - - 20,701 8,280 12,421

VEHICLES 15% 1,937,136 - - - 1,937,136 290,570 1,646,566

TOTAL 21,416,067 4,199,964 4,378,300 128,000 29,866,330 ######## 25,709,578

W.D.V AS ON Addition W.D.V AS ON

More than 6 Less than 6 Deductions Total Depreciation
PARTICULARS Rate 01.04.16 months months 31.03.17

PLANT & MACHINERY 15% 20,581,487 1,917,199 361,455 - 22,860,141 3,401,912 19,458,229

COMPUTERS 60% 51,753 - - - 51,753 31,052 20,701

VEHICLES 15% 1,247,549 1,031,435 - - 2,278,984 341,848 1,937,136

TOTAL 21,880,789 2,948,634 361,455 - 25,190,878 ######## 21,416,067

Details of Additions to Fixed Assets For The F.Y. 2017-18

Plant & Machinery
Date Amount
More than six months

19.04.2017 55,712
19.05.2017 202,238
17.04.2017 1,020,000
29.04.2017 1,025,100
09.05.2017 163,600
22.05.2017 520,200
27.05.2017 13,959
06.06.2017 126,480
13.07.2017 1,000,000
28.08.2017 72,675
4,199,964
Less than six months

04.10.2017 13,950
31.10.2017 22,500
31.10.2017 159,520
11.11.2017 48,302
16.11.2017 50,000
30.11.2017 56,780
21.12.2017 86,380
22.12.2017 297,000
12.03.2018 40,475
19.03.2018 22,750
26.03.2018 40,650
26.03.2018 65,000
07.12.2017 96,000
07.12.2017 598,400
08.12.2017 2,645,000
31.01.2018 135,593
4,378,300