ELGI COMPRESSORES DO BRASIL IMPORTADORA E EXPORTADORA LTDA. Balance Sheet as at 31.03.2017 Non Current Assets Property, Plant and Equipment 3 75,27,283 83,37,538 Capital work-in-progress 3 - - Investment Property 4 - - Goodwill 5 - - Other Intangible assets 5 - - Intangible assets under development - - Financial Assets (i) Investments 6 - - (ii) Loans 7 - - (iii) Other Financial Asset 8 - - Deferred tax assets (net) 9 - - Other non-current assets 10 - - Total Non Current Assets 75,27,283 83,37,538 (2) Current Assets Inventories 11 8,14,91,453 8,46,85,461 Financial Assets (i) Investments 12 - - (i) Trade Receivables 13 13,16,01,771 11,01,64,636 (ii) Cash and Cash equivalents 14 2,67,43,319 56,49,348 (iii) Bank balances other than above (iv) Loans 15 - - (v) Other Financial Assets 16 - - Current tax assets Other Current Assets 17 59,47,483 60,63,097 Total Current Assets 24,57,84,027 20,65,62,543 Total Assets 25,33,11,310 21,49,00,082 I. EQUITY AND LIABILITIES EQUITY Equity Share Capital 18 11,00,61,139 11,00,61,139 Other Equity 19 (19,92,34,465) (16,24,10,364) Total Equity (8,91,73,325) (5,23,49,225) LIABILITIES Non-Current Liabilities Financial Liabilities - - (i) Long-term borrowings 20 - - Provisions 21 - - Employee Benefit Obligations 22 - - Deferred Tax liabilities (Net) 23 - - Government Grants 24 - - Total Non-Current Liabilities - - Current Liabilities Financial Liabilities - - (i) Borrowings 25 23,68,92,235 20,13,00,919 (ii) Trade payables 26 4,71,23,355 5,41,68,577 (iii) Other Financial Liabilities 27 5,84,69,045 1,17,79,810 Provisions 28 - - Employee Benefit Obligations 29 - - Government Grants 30 - - Other Current Liabilities 31 - - Total Current Liabilities 34,24,84,635 26,72,49,306 Total Liabilities 25,33,11,310 21,49,00,082
ELGI COMPRESSORES DO BRASIL IMPORTADORA E EXPORTADORA LTDA. Statement of profit and Loss for the year ended 31.03.2017 Revenue from operations 32 23,98,52,011 30,64,47,470 Other Income 33 25,47,113 21,82,739 Total Revenue 24,23,99,123 30,86,30,208 IV. Expenses: Cost of materials consumed 34 48,72,212 - Purchases of Traded goods 35 12,91,78,650 15,92,05,440 Changes in Inventories of finished goods work-in-progress and Traded goods 36 31,94,008 5,04,14,537 Excise duty Employee benefits Expense 37 3,21,94,507 4,47,86,645 Selling, administration and others 38 Finance Costs 39 4,42,78,005 92,30,014 Depreciation and Amortisation Expense 19,06,189 15,29,435 Other Expenses 40 5,58,81,562 11,00,38,187 Total Expenses 27,15,05,134 37,52,04,259 V. Profit Before Exceptional & Extraordinary items & tax (III-IV) (2,91,06,011) (6,65,74,050) VI.Exceptional Items - - VII. Profit Before Extraordinary items and tax (V-VI) (2,91,06,011) (6,65,74,050) VIII. Extraordinary items - - IX. Profit before Tax (VII-VIII) (2,91,06,011) (6,65,74,050) X. Tax Expense: (1) Current Tax - (22,26,637) (2) Deffered Tax - - XI. Profit/(Loss) for the period from continuing operations (VII-VIII) (2,91,06,011) (6,43,47,413) XII. Profit/(loss) from discontinuing operations - - XIII. Tax Expense of discontinuing operations - - XIV. Profit/(loss) from discontinuing operations (after tax) (XII-XIII) - - XV. Profit (loss) for the period (XI+XIV) (2,91,06,011) (6,43,47,413)
3 Tangible assets Gross Block Particulars Plant & Machinery Furniture and Fixtures Vehicle Office equipment Canteen Equipments Intangible Assets Total Goodwill Total Balance as at 1 April 2015 62,63,794 17,79,845 14,37,867 8,99,039 69,596 1,04,50,141 - Additions 34,517 16,600-26,49,591-27,00,708 - Deletions / write off - - Transalation differences 3,32,437 94,465 76,307 49,167 3,693 5,56,069 - Balance as at 31 March 2016 59,65,874 17,01,980 13,61,560 34,99,463 65,902 1,25,94,779 - - Additions - - - - - - - Deletions / write off 8,90,409 8,90,409 - Transalation differences (8,42,434) (2,40,335) (1,82,294) (4,94,155) (9,306) (17,68,523) - Balance as at 31 March 2017 68,08,308 19,42,315 6,53,445 39,93,618 75,208 1,34,72,893 - - Accumulated depreciation Balance as at 1 April 2015 11,75,569 7,32,013 7,21,628 2,49,115 3,245 28,81,570 - Transition Adjustment (See Note) For the year 6,69,256 1,69,185 2,72,462 4,15,895 2,638 15,29,435 - Deletions / write off - - Transalation differences 62,755 38,941 38,446 13,449 174 1,53,764 - Balance as at 31 March 2016 17,82,070 8,62,257 9,55,644 6,51,561 5,708 42,57,241 - - Transition Adjustment (See Note) For the year 6,73,291 1,92,081 2,47,963 7,89,879 2,975 19,06,189 - Deletions / write off 8,31,019 8,31,019 - Transalation differences (2,59,183) (1,23,909) (1,28,416) (1,00,851) (839) (6,13,199) - Balance as at 31 March 2017 27,14,545 11,78,247 5,01,005 15,42,291 9,523 59,45,611 - - Net Block 31 March 2016 41,83,803 8,39,723 4,05,916 28,47,901 60,194 83,37,538 - - 31 March 2017 40,93,762 7,64,068 1,52,440 24,51,327 65,685 75,27,283 - -
Investment Propoerty Gross carrying amount Closing gross carrying amount - - Accumulated depreciation Closing accumulated depreciation - - Net carrying amount 4 - - Non Current investments Other non current investments - - Total 6 - - Loans Loans and advances to related parties : - - Total 7 - - Other financial assets Security Deposits : Total 8 - - Deferred Tax Assets (Net) - - 9 - - Other Non-Current Assets Capital Advances : 10 - - Inventories Traded goods 8,14,91,453 8,46,85,461 11 8,14,91,453 8,46,85,461 Current Investments Other Investments - - 12 - - Trade Receivables Trade receivables outstanding for a period less than six months from the date they are due for payment - Unsecured considered good 12,12,74,186 10,43,84,633 Less: Allowance for bad and doubtful debts 42,99,390-11,69,74,796 10,43,84,633 Trade receivables outstanding for a period more six months from the date they are due for payment - Unsecured considered good 1,46,26,975 57,80,004 1,46,26,975 57,80,004 Total 13 13,16,01,771 11,01,64,636 Cash and Cash equivalents (a) Cash on hand - - (b) Cheques,drafts on hand - - (c) Balance with banks - - -On current accounts 2,67,43,319 56,49,348 Total Cash and cash equivalents 2,67,43,319 56,49,348 Other bank balances - - 14 2,67,43,319 56,49,348 Loans (Current) Loans and advances to related parties : Total 15 - -
Other Financial Assets Others - - 16 - - Other Current Assets (a) Others Salary advance 2,00,293 1,46,527 Input tax credit receivable 22,45,582 14,77,027 Advance income tax ( Net of provision for tax ) 32,63,380 28,47,914 Advance to suppliers 2,38,229 15,91,630 Total 17 59,47,483 60,63,097 Share Capital a. Authorized b. Issued, Subscribed and Paid-Up - - Number of shares issued Previous Year: - - Nominal value of the shares Previous Year: 11,00,61,139 11,00,61,139 Total 18 11,00,61,139 11,00,61,139 Other Equity - - Reserves & Surplus - - (a) Capital reserve account - - (b) Capital Redemption reserve - - (b) Revaluation reserve - - (c) Statutory reserve - - (b) Securities premium account - - Add: Premium received on issue of shares - - (c) General reserve account Add : Transferred from Profit and Loss account - -
(e) Surplus Profit and Loss Account balance Opening balance (20,64,84,809) (14,21,37,396) Net Profit/(Net Loss) for the current year (2,91,06,011) (6,43,47,413) Appropriations - - Amount transferred to General Reserve - - (23,55,90,820) (20,64,84,809) Share Application Money - - (d) Foreign currency translation reserve account Opening balance 4,40,74,445 3,30,87,627 Add : Adjustment for the year (77,18,090) 1,09,86,818 Closing balance 3,63,56,355 4,40,74,445 19 (19,92,34,465) (16,24,10,364) Borrowings (Non Current) (a) Bonds/Debentures - - Total 20 - - Provisions Deferred Purchase Consideration - - Total 21 - - Employee Benefit Obligations Gratuity - - Total 22 - - Deferred Tax Liabilities (Net) Deferred Tax Assets - - Total 23 - - Government Grants Deferred Income - - Total 24 - - Borrowings (Current) Loans repayable on demand - from Banks - 5,27,80,000 Loans and advances from related parties 23,68,92,235 14,85,20,919 Total 25 23,68,92,235 20,13,00,919 Trade payables Others 4,71,23,355 5,41,68,577 Total 26 4,71,23,355 5,41,68,577 Other Financial liabilities (c) Interest accrued but not due on borrowings 4,26,98,198 7,98,719 (f) Other payable Other liabilities 98,59,771 43,83,828 Accrued Salaries and Benefits 59,11,077 65,97,263 Total 27 5,84,69,045 1,17,79,810 Provisions Other debts-allowance-current - - Total 28 - - Employee Benefit Obligations Gratuity - - Total 29 - - Government Grants Deferred Income - - Total 30 - - Other Current Liability - - Statutory payable - - Total 31 - -
Revenue from Operations Sale of products (gross of duty) 23,85,62,437 30,54,10,349 Sale of services 12,89,574 10,37,120 Other operating revenues - - 32 23,98,52,011 30,64,47,470 Other Income (a) Interest Income Interest on others 16,13,379 20,57,309 (d) Other non-operating Income Miscellenous Income, Net 4,65,247 1,25,430 Profit / (loss) on sale of assets, net 4,68,488-33 25,47,113 21,82,739 Cost of material consumed Inventory of materials at the beginning of the year - - Purchases 48,72,212 - Inventory of materials at the end of the year - - 34 48,72,212 - Purchases of Traded goods 35 12,91,78,650 15,92,05,440 Changes in Inventory Opening inventory -Stock in Trade 8,46,85,461 13,50,99,999 Closing inventory -Stock in Trade 8,14,91,453 8,46,85,461 Changes in inventory 36 31,94,008 5,04,14,537 Employee Benefit Expenses Salaries and bonus 3,01,85,112 4,21,95,252 Staff welfare expenses 20,09,395 25,91,393 37 3,21,94,507 4,47,86,645 SELLING, ADMINISTRATION AND OTHERS (a) Salaries and incentive - - 38 - - FINANCE COSTS (a) Interest Expenses 4,42,78,005 92,30,014 39 4,42,78,005 92,30,014 OTHER EXPENSES - - Training expenses 32,248 75,205 Warranty expenses 22,88,940 20,29,734 Travelling & conveyance 61,69,931 66,18,615 Communication expenses 20,64,998 18,41,009 Professional and Legal charges 1,86,80,294 1,26,98,316 Power and fuel 1,87,405 1,62,100 Rent 74,55,367 60,06,235 Repairs - Building 9,52,286 7,81,313 Repairs - Plant and machinery 3,08,115 2,33,826 Repairs - Others 12,07,315 10,75,946 Bad debts / advances written off 42,51,780 - Insurance 15,44,060 15,14,353 Printing and stationery 64,115 1,07,042 Rates and taxes excluding Taxes on Income inclu license fees 1,89,536 2,38,849 Bank Charges 10,99,035 5,61,534 Commission & discounts 91,47,075 1,00,25,449 Advertisement & Publicity 33,29,096 26,24,010 Transport charges 10,74,596 11,80,746 Miscellaneous expenses 76,062 62,337 Net Loss on foreign currency transaction and translation (other than considered as finance cost) (42,40,692) 6,22,01,568 40 5,58,81,562 11,00,38,187