Name of the Assessee : R P COATINGS PRIVATE LIMITED

CIN No. : U74899DL1992PTC048373

Regd. Office : B-4/3180,Vasant Kunj, New Delhi-110070
Permanent Account Number : AAACR0472J
Date of Incorporation : 20/04/1992
Assessment Year : 2016-17
Financial Year : 2015-16

COMPUTATION OF TAXABLE INCOME

INCOME FROM BUSINESS OR PROFESSION Amount in `

Net Profit as per P&L Account 3,486,728

Add: Depreciation as per Companies Act. 359,447
Add: Interest on TDS 240
Add: Donation 3,300
Add: Expense Disallowed U/s 40(a)(ia) -
Less: Depreciation as per I.T. Act. 1961 291,791
Less: Income From Other Sources 499,489
Less: ESIC disallowed u/s 43(B) - (428,293)
Income from Business 3,058,436

Income Under Head Other Sources

Interest on FDR 499,489

Gross Total Income 3,557,925

Less: Deduction U/S 80G
Donation (eligible for 50%) 1,650
Total Income 3,556,275

Total Income Rounded Of 3,556,300

Tax on Total Income 1,066,890

Total Tax 1,066,890
Add: Education cess and Secondary and Higher Education cess @ 3% 32,007
Tax Payable 1,098,897
Less: TDS 48,510
Less: Advance Tax 460,000 508,510
Balance 590,387
Interest U/s 234B -
Interest U/s 234C 61,152 61,152
Total Tax payable/Refund U/s 140A 651,539
R P COATINGS PRIVATE LIMITED
BALANCE SHEET AS AT 31ST MARCH, 2017
(Amount in Rs)
As at As at
Note 31st March, 2017 31st March, 2016
EQUITY AND LIABILITIES
Shareholders' Funds
Share Capital 1 315,000 315,000
Reserves and Surplus 2 10,538,986 8,135,142
10,853,986 8,450,142
Non-Current Liabilities
Long Term Borrowings 3 7,031,936 7,031,936
Deferred Tax Liability (Net) 4 -
7,031,936 7,031,936
Current Liabilities
Short Term Borrowings 5 36,266 36,266
Trade Payables 6 18,740,717 18,740,717
Other Current Liabilities 7 741,325 741,325
Short Term Provision 8 1,363,670 550,008
20,881,978 20,068,316
TOTAL 38,767,899 35,550,394
ASSETS
Non-Current Assets
Fixed Assets 9
Tangible Assets 3,407,342 3,549,335
Intangible Assets 630 630
Non-Current Investments 10 15,000 15,000
Deffered Tax Asset 240,066 138,927
Long Term Loans and Advances 11 146,311 146,311
3,809,349 3,850,203
Current Assets
Inventories 12 756,080 748,954
Trade Receivables 13 15,297,569 14,333,241
Cash and Bank Balances 14 15,924,075 6,634,852
Other Current Assets 15 576,982 240,199
32,554,706 21,957,246
TOTAL 36,364,056 25,807,449
Significant Accounting Policies A to Q
Notes on Financial Statements 1 to 25

As per our Report of even date

For M.M.Bhasin & Co. For and on behalf of the Board

Chartered Accountants
Firm Reg. No. : 014777N

CA. Shashi Shekhar Rai Parvesh Ahluwalia Prashant Ahluwalia

Partner Director Director
Membership No. : 519011 DIN - 02015086 DIN - 00880681
New Delhi
Date : 05-09-2017
R P Coatings (P) Ltd. (11-12) - (From 1-Apr-2015)
30/7 IMT Manaser,Gurgaon
TIN 06921926645
Trial Balance
1-Apr-2016 to 31-Mar-2017
R P Coatings (P) Ltd. (11-12) - (From 1-Apr-2015) - (from 1-Apr-2016)
Particulars 1-Apr-2016 to 31-Mar-2017
Opening Transactions
Balance Debit Credit
Capital Account 6046299.00 Cr
Capital Account 315000.00 Cr
Reserve & Surplus 5731299.00 Cr
Loans (Liability) 6888966.63 Cr 12374305.00 11101549.75
Bank OD A/c 921965.00 Dr 9999001.00 10926984.75
Andhra Bank OD A/c 921965.00 Dr 9999001.00 10926984.75
Secured Loans 168060.00 Cr 152378.00 14565.00
Loan A/c Andhra Bank ( Car) 168060.00 Cr 152378.00 14565.00
Unsecured Loans 7642871.63 Cr 2222926.00 160000.00
Loan A/c Karan Ahluwalia 1252036.00 Cr 75000.00
Loan A/c Nirupama Ahluwalia 125693.00 Cr 125693.00 160000.00
Loan A/c Parvesh Ahluwalia 4816147.63 Cr 1147233.00
Loan A/c Prashant Ahluwalia 1448995.00 Cr 875000.00
Current Liabilities 11936791.38 Cr 100186612.08 106595860.80
Duties & Taxes 17380.00 Cr 3215395.00 3281033.00
C ST 4% 130787.00 161280.00
CST Payable 986852.00 2131267.00
ESIC Payable 4380.00 Cr 43268.00 41372.00
Hvat Payable 1973488.00 883114.00
TDS Payable 13000.00 Cr 81000.00 64000.00
Sundry Creditors 11217783.00 Cr 82407357.08 89030291.00
Aar Aar Logistics & Sourcing 29461.00 29461.00
Aarohi Steels (P) Ltd. 1884.00 1884.00
A K Enterprises 956110.00 1111287.00
A K Verma 16800.00 16800.00
AM AS Engineering Works 9894.00 9894.00
Arihant Paper Converter 3831.00 Cr 18248.00 14417.00
Atul Engineers 6710.00 12190.00
B P Cargo & Courier 5000.00 5000.00
Coat Well Inks 14436.08 Cr 30261.08 15825.00
Convertech Equipments (P) Ltd. 11961.00 11961.00
Divya Extrusion 8268.00 387569.00
Emkay Enterprises 6910.00
Expert Computer Gallary 30150.00 30150.00
Flowline India Pvt Ltd. 12375.00 12375.00
Galaxy Toyata 100000.00 100000.00
 Garg Cars (P) Ltd. 100000.00 100000.00
H K Trading Co. 4747.00 Cr 25301.00 22925.00
Image Printways 4725.00 Cr 35683.00 30958.00
Jesons Industries Ltd. (Unit-V) 686522.00 Cr 6535912.00 7184287.00
JMS Polymers (P) Ltd. 2611084.92 Cr 12066331.00 13836738.00
Kanishka Polymers Pvt. Ltd. 18735.00 18735.00
Kohli Gravure 20560.00 Cr 89990.00 135370.00
Manish Divedi 36000.00 36000.00
M G Electronics 144300.00 144300.00
Micro Color Chem 52168.00 52168.00
M M Bhasin & Co. 12961.00 Cr 48427.00 35466.00
Modern Machines 41820.00 41820.00
Nipshell Hydraulics 6425.00 6425.00
Om Electric Corp. 15234.00 15234.00
Orix Auto Infra Services Ltd. 171424.00 171424.00
Pack Masters (India) 32026.00 Cr 350000.00 293597.00
Radha Krishna Induatries 350000.00 Cr 11710941.00 12645604.00
Radhika Poly Pack Pvt. Ltd. 6895886.00 Cr 45219860.00 48299701.00
Rajiv Dyes & Chemicals 62635.00 Cr 293030.00 293030.00
R S Induatries 240411.00 Cr 499593.00 283151.00
R S Polymers 28418.00 32281.00
Sai Packaging 46841.00 Cr 156671.00 200390.00
S D Polyfilms Pvt. Ltd. 215629.00 Cr 200000.00
Servotech Power Systems (P) Ltd. 5828.00 5828.00
Sprint Electric Co. 32130.00 32130.00
Star Fire Safety 7263.00
Sunshine Rubber Induatries 14790.00 14790.00
Swastik Gravure 13650.00 13650.00
Transenergy System India 130000.00 142800.00
Triveni Chemicals (India) 15488.00 Cr 15488.00 66637.00
United Solutionz 3600.00
Varshney Polypack (P) Ltd. 3105176.00 3105176.00
Advance to Staff 15000.00
Audit Fee Payable 83600.00 Cr 80000.00
Credit Card (HDFC Bank) 53310.18 Cr 469766.00 451729.00
Credit Card (ICICI Bank) 14710.20 Cr 274058.00 259347.80
Excise Payable 11616633.00 11693460.00
Income Tax Payable 550008.00 Cr
Karan Ahluwalia 340000.00 456000.00
Nirupama Ahluwalia 407403.00 360000.00
Parvesh Ahluwalia 825000.00 608000.00
Prashant Ahluwalia 360000.00 456000.00
Fixed Assets 3549964.94 Dr 217455.00
Office Equipments 24438.94 Dr 30150.00
Air Conditioner 1420.22 Dr
 Cellular Phone 7153.41 Dr
Fax Machine 2656.79 Dr
Office Equipment 12915.37 Dr 30150.00
Typewriter 293.15 Dr
Building 300899.00 Dr
Computer 3268.00 Dr
Furniture & Fixture 5777.00 Dr
Land 2254288.00 Dr
Motor Vehicles 940365.00 Dr
Plant & Machinery 20299.00 Dr 187305.00
Software 630.00 Dr
Investments 1456562.00 Dr 10456588.00 160063.00
CLC Shares 15000.00 Dr
FDR A/c Andhra Bank 1217205.00 Dr 10436588.00
FDR A/c Kotak Mahindra Bank 224357.00 Dr 20000.00 160063.00
Current Assets 19865530.18 Dr 221171075.00 214143541.34
Opening Stock 748954.00 Dr
Opening Stock 748954.00 Dr
Sundry Debtors 14319814.02 Dr 107844179.00 104747424.00
A D Trade Link (P) Ltd. 74906.00 74906.00
Al-Hisn Group Dubai 209110.00 209110.00
Amber Enterprises India (P) Ltd. 166779.00 Dr 296509.00 463288.00
Balaji Action Buildwell 4769623.00 Dr 55851457.00 51996871.00
Century Plyboards (P) Ltd. ( West Bengal) 726616.00 Dr 2783931.00 3510547.00
Century Plyboards Pvt. Ltd. 1331406.00 Dr 4307284.00 5638690.00
Cheap Stationery Mart 114429.00 Dr 315061.00 200000.00
Featherlite Office Systems (P) Ltd. 136702.00 Dr 1703813.00 1327249.00
Giani Prasad Kabadi 204184.00 204184.00
Greenply Industries Ltd.(Uttrakhand) 71094.00 71094.00
Jacsons Veneers & Panels (P) Ltd. 2450.00 Dr 368705.00 371155.00
J M Plastopack 88412.00 Dr 249580.00 251930.00
Merino Industries Ltd. 1597191.02 Dr 12635773.00 12762704.00
Merino Industries Ltd (Hosur) 1561861.00 Dr 1768341.00 3330202.00
Merino Panel Products Ltd. 1764.00 Dr 100883.00 102647.00
Multi Colour Steels (India) Pvt. Ltd. 88013.00 Dr 502487.00 535133.00
Nexus Sanitations (P) Ltd. 30628.00 Dr 30628.00
Om Balaji Industries 80657.00 Dr 85320.00 165877.00
Oriental Metals India (P) Ltd. 117697.00
Packman 31362.00 Dr 128458.00 130438.00
Paragon Industries Ltd. 460088.00 445808.00
Paralom Global (P) Ltd. 1028216.00 Dr 8001811.00 7611664.00
Rajasthan Plastic 215400.00 215400.00
Ronak Adhesives 11003.00
R S Enterprises 9155.00 Dr 43551.00 23060.00
Shirdi Industries Ltd. 1509317.00 Dr 10266664.00 8500000.00
 S K Packaging 7329.00 Cr
Super Sales Corporation 350528.00 Dr 2023516.00 2170917.00
SVTL Enterprises 6098.00 Cr 240979.00 224448.00
Verma Car Care 481524.00 Dr 3664426.00 3161600.00
Younes Paper Mills Ltd. 144917.00 144917.00
Zigma Modrtar Systems (P) Ltd. 226608.00 Dr 997231.00 872957.00
Cash-in-hand 1826811.00 Dr 4717998.00 2182003.00
Cash 1826811.00 Dr 4717998.00 2182003.00
Bank Accounts 2444514.16 Dr 108093923.00 107214114.34
Andhra Bank 2203999.10 Dr 104803369.00 103824696.34
IDBI Bank 19866.00 Dr 2973309.00 2983542.00
Kotak Mahindra Bank 101491.00 Dr 174454.00 170000.00
Yes Bank 119158.06 Dr 142791.00 235876.00
Advance Tax 190000.00 Dr 460000.00
Deferred Tax Assets 138927.00 Dr
Prepaid Insurance 33007.00 Dr 16465.00
Security Deposit (Electricity) 57357.00 Dr
Security Deposit ( Sales Tax) 88954.00 Dr
TDS Recd 17192.00 Dr 48510.00
Sales Accounts 94373341.00
Central Sales (2%) 89386642.00
Central Sales (4.2%) 3484209.00
Export 294027.00
Local Sales (4.2%) 1208463.00
Purchase Accounts 77015852.80 28500.00
Direct Expenses 2235742.00 27100.00
Diesel Expenses (Moti Ram & Co.) 1477370.00
Electricity & Water Expenses 378029.00
Freight & Cartage 380343.00 27100.00
Indirect Incomes 1429672.00
Intt. Recd. Fron FDR 499489.00
Other Income 930183.00
Indirect Expenses 4202590.09 592.08
Financial Charges 84337.75
Interest on OD Account 69772.75
Interest Paid on Car Loan 14565.00
Adversitaiment 4575.00
Bank Charges 9713.00
Business Promoation 339636.80
Commission 171750.00
Computer Repair & Maint. 3600.00
Director Remmunation 1740000.00
Donation (U/s 80G) 3300.00
Handing Charges 29461.00
Insurance Expenses 84860.00
 Interest On TDS 825.00
Legal & Professional Charges 72366.00
Misc. Expenses 400.00
Postage & Courier Charges 47657.00
Printing & Stationery 30958.00
Repair & Maint. Expenses 47678.00
Salary to Staff 823562.00
Short & Exess 762.20 592.08
Staff Welfare 8332.00
Telephone Expenses ( Airtel) 18091.00
Telephone Expenses (MTNL) 16637.00
Telephone (Vodafone) 49030.34
Travelling Expenses 55913.00
Vehicle Running & Maint. 559145.00
Difference in opening balances 0.11 Cr
Grand Total 427860219.97 427860219.97
-Apr-2015) - (from 1-Apr-2016)
Mar-2017
Closing
Balance
6046299.00 Cr
315000.00 Cr
5731299.00 Cr
5616211.38 Cr
6018.75 Cr
6018.75 Cr
30247.00 Cr
30247.00 Cr 5537542.63 Cr Directors
5579945.63 Cr
1177036.00 Cr
160000.00 Cr
3668914.63 Cr
573995.00 Cr
18346040.10 Cr
83018.00 Cr
30493.00 Cr 1,843,100.18
1144415.00 Cr

2484.00 Cr
1090374.00 Dr 1874548.00 Dr
4000.00 Dr
17840716.92 Cr

155177.00 Cr

5480.00 Cr

379301.00 Cr
6910.00 Dr
 2371.00 Cr

1334897.00 Cr
4381491.92 Cr

65940.00 Cr

24377.00 Dr
1284663.00 Cr
9975727.00 Cr
62635.00 Cr
23969.00 Cr
3863.00 Cr
90560.00 Cr
15629.00 Cr

7263.00 Cr

12800.00 Cr
66637.00 Cr
3600.00 Cr

15000.00 Dr
3600.00 Cr
35273.18 Cr

76827.00 Cr
550008.00 Cr 179646.00 Cr
116000.00 Cr
47403.00 Dr
207000.00 Dr
96000.00 Cr
3767419.94 Dr
54588.94 Dr
1420.22 Dr
 7153.41 Dr
2656.79 Dr 3407972.94 Dr
43065.37 Dr
293.15 Dr
300899.00 Dr
3268.00 Dr
5777.00 Dr
2254288.00 Dr
940365.00 Dr
207604.00 Dr
630.00 Dr
11753087.00 Dr
15000.00 Dr
11653793.00 Dr
84294.00 Dr
26893063.84 Dr
748954.00 Dr
748954.00 Dr
17416569.02 Dr 17416569.02

8624209.00 Dr 17423898.02
7329.00 Cr

229490.00 Dr
513266.00 Dr

86062.00 Dr
1470260.02 Dr

55367.00 Dr

100.00 Dr
117697.00 Dr
29382.00 Dr
14280.00 Dr
1418363.00 Dr

11003.00 Dr
29646.00 Dr
3275981.00 Dr
 7329.00 Cr
203127.00 Dr
10433.00 Dr
984350.00 Dr

350882.00 Dr
4362806.00 Dr
4375636.00 Dr
3324322.82 Dr
3182671.76 Dr
9633.00 Dr
105945.00 Dr
26073.06 Dr
650000.00 Dr
138927.00 Dr
49472.00 Dr
57357.00 Dr
88954.00 Dr
65702.00 Dr
94373341.00 Cr
89386642.00 Cr 12405020.19 Cr
3484209.00 Cr
294027.00 Cr 95803013.00 Cr Incomes
1208463.00 Cr
76987352.80 Dr
2208642.00 Dr
1477370.00 Dr
378029.00 Dr
353243.00 Dr
1429672.00 Cr
499489.00 Cr
930183.00 Cr
4201998.01 Dr
84337.75 Dr
69772.75 Dr
14565.00 Dr
4575.00 Dr
9713.00 Dr
339636.80 Dr
171750.00 Dr
3600.00 Dr
1740000.00 Dr
3300.00 Dr
29461.00 Dr
84860.00 Dr
 825.00 Dr
72366.00 Dr
400.00 Dr
47657.00 Dr
30958.00 Dr
47678.00 Dr
823562.00 Dr
170.12 Dr
8332.00 Dr
18091.00 Dr
16637.00 Dr
49030.34 Dr
55913.00 Dr
559145.00 Dr
0.11 Cr
R P COATINGS PRIVATE LIMITED
STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31ST MARCH, 2017

Note 2016-17 2015-16

INCOME :
Revenue from Operations 15 94,373,341 64,101,701
Other Income 16 529,672 329,816
94,903,013
Total Revenue 94,903,013
EXPENDITURE :
Purchases of Stock-in-Trade 76,987,353 52,249,940
Changes in Inventories of Finished Goods, Stock-in-
Progress and Stock-in-Trade (7,126) 811,300

Employee Benefits Expense 17 4,464,894 2,867,593

Finance Costs 18 84,338 31,964
Depreciation and Amortisation Expenses 9 359,447 844,801
Other Expenses 19 9,527,379 6,508,864
91,416,285
Total Expenses 91,416,285
Profit Before Tax 3,486,728
Tax Expenses
Current Tax 1,184,024 550,008
Deferred Tax (101,139) (729,061)
1,082,885
Profit for the year 2,403,843
Earnings per equity share of face value of Rs 10 each
Basic and Diluted (in Rs) 76.31
Significant Accounting Policies A to Q
Notes on Financial Statements 1 to 25

As per our Report of even date

For M.M.Bhasin & Co. For and on behalf of the Board

Chartered Accountants
Firm Reg. No. : 014777N

CA. Shashi Shekhar Rai Parvesh Ahluwalia Prashant Ahluwalia

Partner Director Director
Membership No. : 519011 DIN - 02015086 DIN - 00880681

New Delhi
Date : 05-09-2017
ARCH, 2017
(Amount in Rs)

2015-16

64,431,517
64,431,517

63,314,462
63,314,462
1,117,055

(179,053)
1,296,108

41.15

hluwalia
R P COATINGS PRIVATE LIMITED
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2017

2016-1
A: CASH FLOW FROM OPERATING ACTIVITIES
Net Profit/(Loss) Before Tax as per Statement of Profit and
Loss
Adjusted for:
Depreciation / Amortisation Expense 359,447
Finance Costs 84,338
Income tax Refund -
Interest Received (499,489)

Operating Profit/(Loss) before Working Capital Changes

Adjusted for:
Inventories (7,126)
Trade Receivables (964,328)
Other Current Asset (336,783)
Trade Payables -
Short Term Borrowings -
Other Current Liabilities 738,544

Less: Current tax

Net Cash (Used in) Operating Activities
B: CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets, including Capital Work in
Progress
Interest Received
Net Cash (Used in) Investing Activities
C: CASH FLOW FROM FINANCING ACTIVITIES
Repayment of Long Term Borrowings
Finance Costs
Net Cash Generated from Financing Activities
Net Increase/(Decrease) in Cash and Cash Equivalents
Opening Balance of Cash and Cash Equivalents
Closing Balance of Cash and Cash Equivalents
As per our Report of even date

For M.M.Bhasin & Co. For and on behalf of the Board

Chartered Accountants
Firm Reg. No. : 014777N

CA. Shashi Shekhar Rai Parvesh Ahluwalia

Partner Director
Membership No. : 519011 DIN - 02015086
New Delhi
Date : 5/9/2017
 (Amount in `)
2016-17 2015-16

3,486,728 1,117,055

844,801
31,964

(171,562)
(55,704) 705,203
3,431,024 1,822,258

811,300
(4,637,878)
2,730,651
4,249,405
(204,953)
(82,582)
(569,693) 2,865,942
(550,008) (190,000)
2,311,323 4,498,201

(217,455) (488,815)

499,489 171,562
282,034 (317,253)

- (2,596,504)
(84,338) (31,964)
(84,338) (2,628,468)
2,509,019 2,358,415
6,634,852 4,276,437
9,143,871 6,634,852

Prashant Ahluwalia
Director
DIN - 00880681
R P COATINGS PRIVATE LIMITED
NOTES ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2018

1.. SHARE CAPITAL

As at As at
31st March, 2017 31st March, 2016
Authorised Share Capital:
50,000 Equity Shares of ` 10 each
(50,000) 500,000
500,000
Issued, Subscribed and Paid up Capital:
31,500 Equity Shares of ` 10 each fully paid up
(31,500) 315,000
TOTAL 315,000

1.1 The details of Shareholders holding more than 5% shares :

Name of the Shareholder As at As at
31st March, 2017 31st March, 2016
No. of Shares % held No. of Shares
Parvesh Kumar Ahluwalia 10,600 10,600
Prashant Ahluwalia 20,900 20,900

1.2 The reconciliation of the number of shares outstanding is set out below :
Name of the Shareholder As at As at
31st March, 2017 31st March, 2016
No. of Shares No. of Shares
Equity Shares at the beginning of the year 31,500 31,500
Add : Shares issued during the year - -
Equity Shares at the end of the year 31,500 31,500

2.. RESERVES AND SURPLUS

As at As at
31st March, 2017 31st March, 2016
Surplus
As per last Balance Sheet 8,135,142 5,731,299
Add: Transferred from Statement of Profit and Loss 2,403,843 2,403,843
Add: FDR Andhra Bank
10,538,986
TOTAL 10,538,986

3.. LONG TERM BORROWINGS

As at As at
31st March, 2017 31st March, 2016
Unsecured
Karan Ahluwalia 1,770,380
Nirupama Ahluwalia 172,787
R P COATINGS PRIVATE LIMITED
NOTES ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2018

Parvesh Ahluwalia 3,989,564

Prashant Ahluwalia 1,099,205
TOTAL 7,031,936

4.. DEFERRED TAX LIABILITY (NET)

As at As at
31st March, 2017 31st March, 2016
Deferred Tax Liability
Related to depreciation on fixed assets
TOTAL 0
R P COATINGS PRIVATE LIMITED
NOTES ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2018

5.. SHORT TERM BORROWINGS

As at As at
31st March, 2017 31st March, 2016
Secured
From Banks
Andhra Bank - Overdraft -
Andhra Bank - Car Loan 30,247
Others
Bank O/D 6,019
TOTAL 36,266

6.. TRADE PAYABLES

As at As at
31st March, 2017 31st March, 2016
Sundry Creditors 18,740,717
TOTAL 18,740,717

7.. OTHER CURRENT LIABILITIES

As at As at
31st March, 2017 31st March, 2016
Statutory Dues Payable
CST Payable 84,534 84,534
ESIC Payable 2,484 2,484
TDS payable 446,607 446,607
Excise payable 76,827 76,827
610,452
Other Payables
Audit Fee Payable 95,600 95,600
Advance from Customers - -
Credit card Liability 35,273 35,273
130,873
TOTAL 741,325

8.. SHORT TERM PROVISION

As at As at
31st March, 2017 31st March, 2016

Provision for Taxation 1,363,670

TOTAL 1,363,670

10.. NON-CURRENT INVESTMENTS

R P COATINGS PRIVATE LIMITED
NOTES ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2018

As at As at
31st March, 2017 31st March, 2016
In Equity Shares (At cost)
CLC Shares 15,000
TOTAL 15,000
R P COATINGS PRIVATE LIMITED
NOTES ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2018

11.. LONG TERM LOANS AND ADVANCES

As at As at
31st March, 2017 31st March, 2016
Security Deposit - Electricity 57,357
Security Deposit - Sales Tax 88,954
TOTAL 146,311

12.. INVENTORIES
As at As at
31st March, 2016 31st March, 2015

Finished Goods 756,080

(As verified and Certified by the Mangement)
TOTAL 756,080

13.. TRADE RECEIVABLES

(Unsecured and Considered Good)
As at As at
31st March, 2017 31st March, 2016
Outstanding for a period exceeding six months -
Others - As certified by Management 15,297,569
TOTAL 15,297,569

14.. CASH AND BANK BALANCES

As at As at
31st March, 2017 31st March, 2016

Cash and cash equivalents 861,665

Bank Balances:
In Current Accounts 3,324,323
In Fixed Deposits 11,738,087
In OD Account -
TOTAL 15,924,075

15.. OTHER CURRENT ASSETS

As at As at
31st March, 2017 31st March, 2016

Advance Tax 460,000

Prepaid Insurance 49,472
TDS Receivable 48,510
Advance to staff 15,000
TDS Payable 4,000
TOTAL 576,982
R P COATINGS PRIVATE LIMITED
NOTES ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2018

16.. REVENUE FROM OPERATIONS

2016-17 2015-16

Sale of Products
Local Sales 1,208,463
Central Sales 92,870,851
Export 294,027
TOTAL 94,373,341

17.. OTHER INCOME

2016-17 2015-16

Interest Income 499,489

Other Receipts 30,183
TOTAL 529,672
R P COATINGS PRIVATE LIMITED
NOTES ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2018

18.. EMPLOYEE BENEFITS EXPENSE

2016-17 2015-16

Salaries, Wages and Other Benefits 831,894

Director Remuneration 3,633,000
TOTAL 4,464,894

19.. FINANCE COSTS

2016-17 2015-16

Interest Expense 84,338

TOTAL 84,338

20.. OTHER EXPENSES

2016-17 2015-16

Manufacturing Expenses
Consumable Stores 1,477,370 465,057
Freight & Cartage Expenses 1,163,243 944,635
Power, Electricity and Generator Expenses 1,700,000 1,370,346
Packing Material 550,000 1,032,940
4,890,613
Indirect Expenses
Advertisement Exp 4,575 11,785
Audit fees 92,000 91,600
Bank Charges 9,713 10,133
Business Promotion 339,637 213,901
Computer Maintainence Charges 3,600 13,600
Donation 3,300 5,900
Handing Charges 29,461 -
Insurance 84,860 70,865
Interest on TDS 825 -
Interest on Indirect Tax - 15,500
Legal & Professional Charges 72,366 26,961
Misc. Expenses 400 39,086
Postage and Courier Expenses 47,657 28,217
Printing & stationery 30,958 14,463
Rent 480,000 180,000
Repair & Maintenance Expenses 297,678 301,656
Telephone expenses 83,758 115,332
Travelling Expenses 205,913 93,562
Vehicles running & maintenance 559,145 256,930
Rebate & Discount - 6,000
Sundry Balances Written Off 2,119,000 657,035
Commission 171,750 11,800
Credit Card Expenses - 19,325
Job Work Expenses - 490,245
R P COATINGS PRIVATE LIMITED
NOTES ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2018

Short & Excess 170 -

TDS receivable written off - 21,989
4,636,766
TOTAL 9,527,379

21.. EARNINGS PER SHARE (EPS)

2016-17 2015-16

2,403,843
Net Profit after tax as per Statement of Profit and Loss
attributable to Equity Shareholders
Weighted Average number of Equity Shares Outstanding 31,500
Basic and Diluted (in `) 76.31
Face Value of Equity Share (`) 10.00

22.. AUDITOR REMUNERATION

2016-17 2015-16

Statutory Audit Fees 60,000

Tax Audit Fees 20,000
* Auditor remuneration is excluding Service Tax
R P COATINGS PRIVATE LIMITED
NOTES ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2018

23.. RELATED PARTY TRANSACTION

As per Accounting Standard 18, the disclosures of transactions with the related parties are given below:
(i) List of related parties where control exists and related parties with whom transactions have taken place and relationships:

Name of the Related Party Relationship

Karan Ahluwalia
Parvesh Ahluwalia
Key Management Personnel
Prashant Ahluwalia
Nirupama Ahluwalia

(ii) Transactions during the year with related parties :

Nature of Transactions 2016-17 2015-16

Director Remuneration
Karan Ahluwalia 1,075,000
Parvesh Ahluwalia 1,060,000
Prashant Ahluwalia 963,000
Nirupama Ahluwalia 475,000

Rent Paid
Nirupama Ahluwalia 480,000

Unsecured Loan taken

Karan Ahluwalia -
Parvesh Ahluwalia -
Prashant Ahluwalia -
Nirupama Ahluwalia 160,000

Unsecured Loan repaid

Prashant Ahluwalia 875,000
Nirupama Ahluwalia 125,693
Parvesh Ahluwalia 1,147,233
Karan Ahluwalia 75,000

24.. TAXATION
Current Taxes

Current tax is the amount of tax payable on the taxable income for the year as determined in accordance with the provisions of the
Income Tax Act, 1961.

Deferred Taxation

Particulars 2016-17 2015-16

Deferred Tax Liability

Written Down Value as per Companies Act, 2013 3,407,972 3,549,965
Written Down Value As per Income Tax Act, 1961 4,184,885 3,999,568
Timing difference on account of Depreciation -776,913 -449,603
R P COATINGS PRIVATE LIMITED
NOTES ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2018

Deferred Tax Liability (Net) -240,066

Opening Balance of Deferred Tax Liability/(Asset) -138,927 590,134
Deferred Tax Expense/(Income) -101,139
R P COATINGS PRIVATE LIMITED
NOTES ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2018

25..
Previous year's figures have been regrouped/ reclassified wherever necessary to correspond with the current year's classification/
disclosure.

Disclosure of details of Specified Bank notes (SBN) as required by notification G.S.R. 308(E) dated March 30, 2017

S. No. Particulars SBNs Other

Denomination
Notes
a) Closing cash in hand as on 08.11.2016 1,000,000 -
b) (+) Permitted receipts - 119,000
c) (-) Permitted payments 69,000 -
d) (-) Amount deposited in Banks 931,000 -
e) Closing cash in hand as on 30.12.2016 - 119,000

As per our Report of even date

For M.M.Bhasin & Co. For and on behalf of the Board

Chartered Accountants
Firm Reg. No. : 014777N

CA. Shashi Shekhar Rai Parvesh Ahluwalia Prashant Ahluwalia

Partner Director Director
Membership No. : 519011 DIN - 02015086 DIN - 00880681

New Delhi
Date : 05-09-2017
CH, 2018
(Amount in Rs)

As at
31st March, 2016

500,000
500,000

315,000
315,000

As at
31st March, 2016
% held
33.65%
66.35%

As at
31st March, 2016
No. of Shares
31,500
-
31,500

As at
31st March, 2016

8,135,142
8,135,142

As at
31st March, 2016

1,770,380
172,787
CH, 2018
(Amount in Rs)
3,989,564
1,099,205
7,031,936

As at
31st March, 2016

-
-
CH, 2018
(Amount in Rs)

As at
31st March, 2016

-
30,247

6,019
36,266

As at
31st March, 2016
18,740,717
18,740,717

As at
31st March, 2016

610,452

130,873
741,325

As at
31st March, 2016

550,008
550,008
CH, 2018
(Amount in Rs)
As at
31st March, 2016

15,000
15,000
CH, 2018
(Amount in Rs)

As at
31st March, 2016
57,357
88,954
146,311

As at
31st March, 2015

748,954

748,954

As at
31st March, 2016
-
14,333,241
14,333,241

As at
31st March, 2016

1,826,811

2,444,514
1,441,562
921,965
6,634,852

As at
31st March, 2016

190,000
33,007
17,192
-
-
240,199
CH, 2018
(Amount in Rs)

2015-16

1,831,608
57,826,893
4,443,200
64,101,701

2015-16

171,562
158,254
329,816
CH, 2018
(Amount in Rs)

2015-16

1,427,593
1,440,000
2,867,593

2015-16

31,964
31,964

2015-16

3,812,978
CH, 2018
(Amount in Rs)

2,695,886
6,508,864

2015-16

-378,575

31,500
(12.02)
10.00

2015-16

60,000
20,000
CH, 2018
(Amount in Rs)

relationships:

Relationship

agement Personnel

2015-16

420,000
360,000
420,000
240,000

180,000

78,458
139,618
71,000
-

150,000
2,345,080
-
160,000

ith the provisions of the

2015-16
CH, 2018
(Amount in Rs)
-138,927

-729,061
CH, 2018
(Amount in Rs)

ent year's classification/

(Amount in Rs)
Total

1,000,000
119,000
69,000
931,000
119,000

luwalia
R P COATINGS PRIVATE LIMITED
Significant Accounting Policies
COMPANY OVERVIEW

R. P. Coatings Private Limited (“the Company”) was incorporated on 20th April, 1992, with an objective of carrying out manufacture,
export of Packaging Films Foils, with its registered office at Vasant Kunj, New Delhi.

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

These financial statements are prepared in accordance with Indian Generally Accepted Accounting Principles (GAAP) under the
historical cost convention on the accrual basis except for certain financial instruments which are measured at fair values. GAAP
comprises mandatory accounting standards as prescribed under Section 133 of the Companies Act, 2013 (‘the Act’) read with Rule 7
of the Companies (Accounts) Rules, 2014, the provisions of the Act (to the extent notified) and guidelines issued by the Securities
and Exchange Board of India (SEBI). Accounting policies have been consistently applied except where a newly ‑issued accounting
standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in
use.

USE OF ESTIMATES

The preparation of the financial statements in conformity with Indian GAAP requires the Management to make estimates and
assumptions considered in the reported amounts of assets and liabilities (including contingent liabilities) and the reported income
and expenses during the year. The Management believes that the estimates used in preparation of the financial statements are
prudent and reasonable. Future results could differ due to these estimates and the differences between the actual results and the
estimates are recognised in the periods in which the results are known or materialise.

FIXED ASSETS
Tangible Assets

Tangible Assets are stated at cost net of recoverable taxes, trade discounts and rebates, less accumulated depreciation and
impairment loss, if any. The cost of Tangible Assets comprises its purchase price, borrowing cost and any cost directly attributable to
bringing the asset to its working condition for its intended use, net charges on foreign exchange contracts and adjustments arising
from exchange rate variations attributable to the assets.

Subsequently expenditures related to an item of tangible asset are added to its book value only if they increase the future benefits
from the existing asset beyond its previously assessed standard of performance.

Projects under which assets are not ready for their intended use are shown as Capital Work-in-Progress.

Intangible Assets

Intangible Assets are stated at cost of acquisition net of recoverable taxes less accumulated amortisation/depletion and impairment
loss, if any. The cost comprises purchase price, borrowing costs, and any cost directly attributable to bringing the asset to its working
condition for the intended use and net charges on foreign exchange contracts and adjustments arising from exchange rate
variations attributable to the intangible asset.

DEPRECIATION, AMORTISATION AND DEPLETION

Depreciation on tangible assets is provided on the written down value method over the useful lives of assets as prescribed in
Schedule II to the Companies Act, 2013. Depreciation for assets purchased / sold during a period is proportionately charged.
Intangible assets are amortized over their respective individual estimated useful lives on a written down value basis, commencing
from the date the asset is available to the Company for its use.

IMPAIRMENT

An asset is treated as impaired when the carrying cost of asset exceeds its recoverable value. 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.
R P COATINGS PRIVATE LIMITED
Significant Accounting Policies

FOREIGN CURRENCY TRANSACTIONS AND TRANSLATIONS

Transactions denominated in foreign currencies are recorded at the exchange rate prevailing on the date of the transaction of that
approximates the actual rate at the date of the transaction.

Monetary items denominated in foreign currencies at the year end are restated at the end rates. In case of items which are covered
by forward exchange contracts, the difference between the year end rate and rate on the date of contract is recognised as exchange
difference and the premium paid on forward contracts is recognised over the life of the contract.

Non-monetary foreign currency items are carried at cost.

Any income or expense on account of exchange difference either on settlement or on translation is recognised in the Statement of
Profit and Loss, except in case of long term liabilities, where they relate to acquisition of fixed assets, in which case they are adjusted
to the carrying cost of such assets.

INVESTMENTS

Long-term investments, are carried individually at cost less provision for diminution, other than temporary, in the value of such
investments. Current investments are carried individually, at the lower of cost and fair value. Cost of investments include acquisition
charges such as brokerage, fees and duties.

INVENTORIES

Items of inventories are measured at lower of cost and net realisable value after providing for obsolescence, if any. Cost of
inventories comprises of purchase, cost of conversion and other costs including overheads incurred in bringing them to their
respective present location and condition.

REVENUE RECOGNITION

Sales are recognised, net of returns and trade discounts, on transfer of significant risks and rewards of ownership to the buyer, which
generally coincides with the delivery of goods to customers. Sales include excise duty but exclude sales tax and value added tax.

BORROWING COSTS

Borrowing costs include interest, amortisation of ancillary costs incurred and exchange differences arising from foreign currency
borrowings to the extent they are regarded as an adjustment to the interest cost. Borrowing costs that are attributable to the
acquisition or construction of qualifying assets are capitalised as part of the cost of such assets. A qualifying asset is one that
necessarily takes substantial period of time to get ready for its intended use. All other borrowing costs are charged to the Statement
of Profit and Loss in the period in which they are incurred.

TAXES ON INCOME

Tax expense comprises of current tax and deferred tax. Current tax is measured at the amount expected to be paid to the tax
authorities, using the applicable tax rates. Deferred income tax reflect the current period timing differences between taxable
income and accounting income for the period and reversal of timing differences of earlier years/period. Deferred tax assets are
recognised only to the extent that there is a reasonable certainty that sufficient future income will be available except that deferred
tax assets, in case there are unabsorbed depreciation or losses, are recognised if there is virtual certainty that sufficient future
taxable income will be available to realise the same.

Deferred tax assets and liabilities are measured using the tax rates and tax law that have been enacted or substantively enacted by
the Balance Sheet date.

OTHER INCOME
R P COATINGS PRIVATE LIMITED
Significant Accounting Policies
Dividend income is recognised when the right to receive payment is established.

Interest income is recognised on a time proportion basis taking into account the amount outstanding and the interest rate
applicable.
R P COATINGS PRIVATE LIMITED
Significant Accounting Policies

PRIOR PERIOD ITEMS

Prior period items arisen in the current year as a result of errors or omission in the preparation of the financial statements of prior
period(s) are separately disclosed in the Statement of Profit and Loss.

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. The weighted average number of equity shares
outstanding during the period and for all periods 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 in resources.
For the purpose of calculating diluted earnings per share, the 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 effects of all dilutive potential equity
shares.

INSURANCE CLAIMS
Insurance claims are accounted for on the basis of claims admitted / expected to be admitted and to the extent that there is no
uncertainty in receiving the claims.

PROVISIONS AND CONTINGENCIES

Provision is recognised in the accounts when there is a present obligation as a result of past event(s) and it is probable that an
outflow of resources will be required to settle the obligation and a reliable estimate can be made. Provisions are not discounted to
their present value and are determined based on the best estimate required to settle the obligation at the reporting date. These
estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

Contingent liabilities are disclosed unless the possibility of outflow of resources is remote.

Contingent assets are neither recognised nor disclosed in the financial statements.
R P COATINGS PRIVATE LIMITED
Notes on Financial Statements for the Year ended 31st March, 2017

9. FIXED ASSETS (Amount in Rs.)

Gross Block Depreciation/ Amortisation Net Block
Description As at Additon/ Deduction/ As at As at Deduction/ As at As at As at
For the Year
01-04-2016 Adjustments Adjustments 31-03-2017 01-04-2016 Adjustments 31-03-2017 31-03-2017 01-04-2016

TANGIBLE ASSETS :

Plant & Machinery 606,480 187,305 - 793,785 586,181 7,019 - 593,200 200,585 20,299

Computer 112,949 30,150 - 143,099 109,681 14,084 - 123,765 19,334 3,268

Furniture & Fixture 46,848 - - 46,848 41,071 1,024 - 42,095 4,753 5,777

Office Equipment 133,436 - - 133,436 121,923 - - 121,923 11,513 11,513

Motor Vehicle 3,375,782 - - 3,375,782 2,422,492 308,997 - 2,731,489 644,293 953,290

Land 2,254,288 - - 2,254,288 - - - - 2,254,288 2,254,288

Building 1,782,129 - - 1,782,129 1,481,230 28,323 - 1,509,553 272,576 300,899

TOTAL (A) 8,311,912 217,455 - 8,529,367 4,762,578 359,447 - 5,122,025 3,407,342 3,549,334

INTANGIBLE ASSET :

Software 12,600 - - 12,600 11,970 - - 11,970 630 630

TOTAL (B) 12,600 - - 12,600 11,970 - - 11,970 630 630

GRAND TOTAL (A+B) 8,324,512 217,455 - 8,541,967 4,774,548 359,447 - 5,133,995 3,407,972 3,549,964

PREVIOUS YEAR 7,835,697 488,815 - 8,324,512 3,929,746 844,801 - 4,774,547 3,549,965 3,905,951
R P COATINGS PRIVATE LIMITED
Depreciation Chart as per Income Tax Act, 1961 for the Year ended 31st March, 2017
(Amount in Rs.)
Addition
Rate of As at As at Depreciation for the As at
Description Before After Deduction
Depreciation 01-04-2016 31-03-2017 Year 31-03-2017
180 Days 180 Days

Plant & Machinery 15% 145,063 - 187,305 - 332,368 35,807 296,561

Motor Vehicles 15% 976,497 - - - 976,497 146,475 830,023

Cellular Phone 15% 5,300 - - - 5,300 795 4,505

Furniture & Fixture 10% 7,337 - - - 7,337 734 6,603

Typewriter 15% 309 - - - 309 46 263

Office Equipment 15% 20,091 - - - 20,091 3,014 17,077

Water Cooler 15% 61 - - - 61 9 52

Computer 60% 3,112 30,150 - - 33,262 19,957 13,305

Buildings 10% 842,414 - - - 842,414 84,241 758,172

Air Conditioner 15% 4,748 - - - 4,748 712 4,036

Land 0% 2,254,288 - - - 2,254,288 - 2,254,288

TOTAL 4,259,221 30,150 187,305 - 4,476,676 291,791 4,184,885

PREVIOUS YEAR 3,770,406 8,800 480,015 - 4,259,221 259,653 3,999,568