OCL IRON AND STEEL LIMITED
Your Directors are pleased to present the 12th Annual Report on the businessand operations of your Company along with the standalone and consolidated financialstatements for the financial year ended 31st March 2017.
The Company's financial performance for the Financial year ended 31st March 2017 andperiod ended 31st March 2016 is summarized below :
| || ||in Rupees lakhs except per equity share data |
|Particulars ||Standalone ||Consolidated |
| ||31st March 2017 (Year Ended) ||31st March 2016 (Year Ended) ||31st March 2017 (Year Ended) ||31st March2016 (Year Ended) |
|Total Income from Operations ||27417.37 ||35993.33 ||27417.37 ||36815.23 |
|Total Expenses ||43149.05 ||44398.72 ||44927.46 ||47159.68 |
|Profit/ (Loss) from operations before other income Finance Costs and Exceptional Items ||(15731.68) ||(8405.39) ||(17510.09) ||(10344.45) |
|Other Income ||316.13 ||771.12 ||395.17 ||775.77 |
|Profit/(Loss) from ordinary activities before || || || || |
|Finance Costs and Exceptional Items ||(15415.55) ||(7634.27) ||(17114.92) ||(9568.68) |
|Finance Cost ||17376.98 ||17410.03 ||18250.87 ||18427.53 |
|Profit/(Loss) from ordinary activities after finance || || || || |
|Costs but before exceptional items and tax ||(32792.53) ||(25044.30) ||(35365.79) ||(27996.21) |
|Exceptional Items || ||1336.77 ||1782.71 ||1336.77 |
|Tax Expenses ||(11892.12) ||(7583.56) ||(13439.41) ||(8155.73) |
|Net Profit/(Loss) from ordinary activities after ||tax (20900.41) ||(18797.51) ||(23709.09) ||(21177.25) |
|Other Comprehensive Income (Net of tax) ||2965.28 ||641.77 ||2967.97 ||643.43 |
|Total Comprehensive Income (after tax) ||(17935.13) ||(18155.74) ||(20741.12) ||(20533.82) |
|Earning Per Share ||(15.58) ||(14.01) ||(17.67) ||(15.78) |
During the year under review the Company earned revenue from operations amounting toRs. 27417.37 lakhs as compared to Rs. 35993.33 lakhs in the previous year. Loss afterTax stood at Rs. 20900.41 lakhs as against Loss after Tax of Rs. 18797.51 lakhs in theprevious year.
MATERIAL CHANGES AND COMMITMENTS
No material changes and commitments affecting the financial position of your Companyhave occurred between the end of the financial year of the Company to which the financialstatements relate and on the date of this report
In view of losses incurred during the year under review the Board of Directors has notrecommended any dividend for the financial year ended 31.03.2017.
During the year under review there is no change in the Authorized share capital andPaid up share capital of the Company.
CONSOLIDATED FINANCIAL STATEMENT
In accordance with Section 129 of the Companies Act 2013 Consolidated FinancialStatements are attached and form part of the Annual Report and the same shall be laidbefore the ensuing Annual General Meeting along with the Financial Statements of theCompany.
INDIAN ACCOUNTING STANDARDS 2015
The financial statements forming part of this Annual Report are prepared in accordancewith Indian Accounting Standards (IND AS) under the historical cost convention on theaccrual basis except for certain financial instruments which are measured at fair values;the provisions of the Companies Act 2013 (Act') (to the extent notified andapplicable); and guidelines issued by the Securities and Exchange Board of India (SEBI).The IND AS are prescribed under Section 133 of the Act read with Rule 3 of the Companies(Indian Accounting Standards) Rules 2015 and Companies (Indian Accounting Standards)Amendment Rules 2016.
The company has adopted all notified Indian Accounting standards to the extentapplicable. The adoption was carried out in accordance with IND AS 101 (First timeadoption of Indian Accounting Standards). The transition was carried out from IndianAccounting Principles generally accepted in India as prescribed under Section 133 of theAct read with Rule 7 of the Companies (Accounts) Rules 2014 (IGAAP) which was theprevious GAAP.
STATE OF COMPANY'S AFFAIRS
The state of affairs of the Company is presented as part of the Management Discussionand Analysis (MDA) Report forming part of the Annual Report.
The Board of Directors of the Company in their meeting held on 29th May2015 during the year proposed the demerger of its auto component business havingmanufacturing units at village Kaharani and Chopanki Distt. -Alwar Rajasthan andGurgaon Haryana into OISL Auto Limited ("OISL Auto") through a Scheme ofArrangement under Section 391-394 of the Companies Act 1956 ("Scheme") subjectto the approval of Orissa High Court and Rajasthan High Court Stock Exchanges SEBlshareholders of the Company and other concerned authorities as applicable.
However the Scheme did not get approved by the Secured Creditors in their CourtConvened Meeting held on January 14 2017.
Your Company has taken adequate steps to ensure compliance with Regulations 17 to 27read with schedule V of Securities Exchange Board of India (Listing Obligations andDisclosure Requirements) Regulations 2015. The report on Corporate Governance the Reporton Management Discussion and Analysis and the requisite Certificate from the Auditors ofthe Company confirming compliance with the conditions of Corporate Governance are providedin a separate section which forms part of the Annual Report.
DIRECTORS' RESPONSIBILITY STATEMENT
Pursuant to the provisions contained in Section 134(5) of the Companies Act 2013 theDirectors hereby confirm that: a) in the preparation of the annual accounts for the yearended 31st March 2017 the applicable Accounting Standards have been followedand there are no material departures from the same; b) the Directors have selected suchaccounting policies and applied them consistently and made judgements and estimates thatare reasonable and prudent so as to give a true and fair view of the state of affairs ofthe Company as at 31st March 2017 and of the profit/ loss of the Company forthat period; c) the Directors have taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of the Companies Act 2013for safeguarding the assets of the Company and for preventing and detecting fraud andother irregularities; d) the Directors have prepared the Annual Accounts on a goingconcern basis;
e) the Directors have laid down internal financial controls to be followed by theCompany and that such internal financial controls are adequate and are operatingeffectively; and
f) the Directors have devised proper systems to ensure compliance with the provisionsof all applicable laws and that such systems are adequate and operating effectively.
SUBSIDIARIES AND ASSOCIATES
In accordance with proviso to sub-section (3) of Section 129 of the Companies Act 2013a statement containing salient features of the financial statements of the Company'ssubsidiaries and associate and the report on their performance and financial position inForm AOC-1 is annexed as Annexure-I forming part of the Annual Report which covers thefinancial position of subsidiaries and Associate Company.
In accordance with third proviso to Section 136(1) of the Companies Act 2013 theAnnual Report of your Company containing therein its audited standalone and theconsolidated financial statements has been placed on the website of the Company. (URL:http://www.oclsteel.in/ investors.php)
DIRECTORS AND KEY MANAGERIAL PERSONNEL
During the year under review Mr. Ajai Kumar Gupta resigned from the post of CompanySecretary w.e.f 14th May 2016. The Board appreciates his efforts andcontribution towards the growth of the Company during the tenure of his appointment .
The Company lost its Director Mr. Rajiv Kapur who left for his heavenly abode. Mr.Rajiv Kapur made an invaluable contribution to the growth and development of the Company.
Ms. Yugami Arora was appointed as a Company secretary w.e.f 27th May 2016
Further Mr. T.K. Laskar has resigned from the post of Chief Financial Officer(CFO') of the Company w.e.f 7th October 2016 and Mr. Kamadev Behera wasappointed as a Chief Financial Officer of the Company w.e.f 14th December2016.The Board places on record its appreciation for the services rendered by Mr. T.K.Laskar during his tenure.
Subsequent to the Financial Year under review Ms. Yugami Arora resigned from the postof Company Secretary w.e.f. June 3 2017. The Board appreciates her efforts andcontribution towards the growth of the Company during the tenure of her appointment.
Further Pursuant to Section 203 of the Companies Act 2013 the Board of Directors ofthe Company appointed Ms. Khushboo Chugh as Company Secretary of the Company w.e.f August
Mr. Kamadev Behera resigned from the office of Chief Financial Officer w.e.f 19thAugust 2017 and Mr. Raj Kumar Ralhan has been appointed as a Chief financial Officer(CFO') of the Company w.e.f 19th August 2017.
Mr. Vinod Kumar Uppal (DIN: 00897121) Director of the Company retires by rotation atthe ensuing Annual General Meeting and being eligible offers himself for re-appointment.The Board of Directors recommends his appointment.
The brief disclosure of Mr. Vinod Kumar Uppal as required under Regulation 36(3) ofSecurities Exchange Board of India (Listing Obligations and Disclosure Requirements)Regulations 2015 and Companies Act 2013 forms part of the notice convening AnnualGeneral Meeting.
At Present KMP in the Company as per Section 2(51) and 203 of the Companies Act 2013are as follows:
Mr. Birendra Jee - Managing Director Mr. Raj Kumar Ralhan - Chief Financial Officer Ms.Khushboo Chugh - Company Secretary
Apart from that there has been no other change in the Directors and Key ManagerialPersonnel of the Company
INDEPENDENT DIRECTORS DECLARATION
The Company has received the necessary declaration from each Independent Director inaccordance with Section 149 (7) of the Companies Act 2013 that he/she meets the criteriaof independence as provided in Section 149(6) of the Companies Act 2013 and Regulation 25of the Securities and Exchange Board of India (Listing Obligations and DisclosureRequirements) Regulations 2015.
The Board met 8 (Eight) times during the year the details of which are provided in theCorporate Governance Report that forms part of this Annual Report. The intervening gapbetween the meetings was within the period prescribed under the Companies Act 2013 andthe Securities and Exchange Board of India (Listing Obligations and DisclosureRequirements) Regulations 2015.
SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 mandates thatthe Board shall monitor and review the Board evaluation framework. The Board evaluated theeffectiveness of its functioning and that of the committees and of individual Directors byseeking their inputs on various aspects of Board/Committee governance such as the Boardcomposition and structure effectiveness of board processes active participation andcontribution of directors in the Board/Committee meetings and the fulfilment of Directorsobligation and their fiduciary responsibilities.
Further the Independent Directors at their meeting reviewed the performance of theBoard Chairman of the Board and of Non Executive Directors. The meeting also reviewed thecoordination between the Company management and the Board which is required for the Boardto effectively and reasonably perform their duties.
INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Company has an Internal Control System commensurate with the size scale andcomplexity of its operations. To maintain its objectivity and independence the internalaudit function reports to the Chairman of the Audit Committee and all significant auditobservations and corrective actions are presented to the Committee.
STATUTORY AUDITORS AND AUDITORS REPORT
M/s A.C. Gupta & Associates Chartered Accountants (Firm Regd. No: 008079N) wereappointed as Statutory Auditors of the Company in the Annual General Meeting held on 30thSeptember 2015 to hold office for the period of 5 (five) years subject to theratification of their appointment at every Annual General Meeting. M/s A.C. Gupta &Associates Chartered Accountants have confirmed their eligibility and willingness toaccept office if their appointment is ratified at the ensuing Annual General Meeting. Theproposal for the ratification of their appointment is included in the notice for AnnualGeneral Meeting sent herewith.
The Company has received a consent letter from the statutory auditors for theirappointment and a certificate from them that their appointment if ratified shall be inaccordance with the conditions as prescribed under the Companies Act 2013 and that theyare not disqualified for appointment.
The Auditor's Report does not contain any qualifications reservations or adverseremarks. The Report is attached hereto and is self-explanatory requiring no furtherelucidation.
Pursuant to the provisions of Section 204 of the Companies Act 2013 and the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 the Company hasappointed M/s Shefali Goel & Associates Company Secretaries to undertake theSecretarial
Audit of the Company. The Report of the Secretarial Audit in Form MR 3 for theFinancial Year ended March 31 2017 is annexed as Annexure II to the Report. There are noqualifications reservations or adverse remarks by Secretarial Auditor in their report.
As per Section 148 of the Companies Act 2013 the Company is required to have theaudit of its cost records conducted by a Cost Accountant in practice. In this connectionthe Board of Directors of the Company has on the recommendation of the Audit Committeeapproved the appointment and remuneration of Mr. Yash Pal Sardana (Membership No. 17996)a Practicing Cost Accountant as the Cost Auditor of the Company for the year ending 31March 2018. The remuneration of the cost auditor is subject to ratification by themembers of the Company.
PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS
Disclosure on particulars relating to loans guarantees or investments under section186 of the Companies Act 2013 have been provided as part of the financial statements.
TRANSACTIONS WITH RELATED PARTIES
In accordance with Section 134(3)(h) of the Companies Act 2013 read with Rule 8(2) ofCompanies (Accounts) Rules 2014 the particulars of contracts or arrangements withrelated parties referred to in Section 188(1) of the Companies Act 2013 in theprescribed Form AOC-2 are attached as Annexure III to this Report.
EXTRACT OF ANNUAL RETURN
In terms of Section 134(3)(a) of the Companies Act 2013 read with Rule 12(1) ofCompanies (Management & Administration) Rules 2014 the extract of Annual Return ofthe Company in Form MGT-9 is attached as Annexure IV to this Report.
ENERGY CONSERVATION TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO
The details as required under Section 134(3)(m) of the Companies Act 2013 read withRule 8(3) of Companies (Accounts) Rules 2014 regarding conservation of energytechnology absorption and foreign exchange earnings and outgo are attached as Annexure Vto this Report.
MANAGEMENT DISCUSSION & ANALYSIS REPORT
A detailed review of operations performance and future outlook of the Company is givenseparately under head "Management Discussion and Analysis Report" & formspart of this report.
Details of the Familiarization Programme of the independent directors are available onthe website of the Company (http://www.oclsteel.in/investors.php). Policy on dealingrelated party transactions is available on the website of the Company(http://www.oclsteel.in/investors.php).
The Company has formulated and published a Whistle Blower Policy to provide VigilMechanism for employees including directors of the Company to report genuine concerns. Theprovisions of this policy are in line with the provisions of the Section 177(9) of the Actand as per SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015(URLhttp://www.oclsteel.in/ investors.php)
COMMITTEES OF THE BOARD
The Company's Board has the following Committees:
1. Audit Committee
2. Nomination and Remuneration Committee
3. Stakeholders Relationship Committee
4. Corporate Social Responsibility Committee
The details of the membership and attendance at the meetings of the above Committees ofthe board are provided in the Corporate Governance section of the annual report.
POLICY ON DIRECTOR'S APPOINTMENT AND REMUNERATION
Pursuant to Section 134(3) & 178(3) of the Companies Act 2013 the Nomination andRemuneration Committee of the Board has framed a policy for selection and appointment ofDirectors and senior management personnel which inter alia includes the criteria fordetermining qualifications positive attributes and independence of a Director(s)/Keymanagerial personnel and their remuneration. Details of the policy on appointment andremuneration are available on the website of the Company (URL:http://www.oclsteel.in/investors.php)
CORPORATE SOCIAL RESPONSIBILITY
A brief outline of the Corporate Social Responsibility Policy of the Company and theinitiatives undertaken by the Company on CSR activities during the year are set out inAnnexure VI of this report as per the format prescribed in the Companies (Corporate SocialResponsibility Policy) Rules 2014. The composition of CSR committee and other relateddetails are provided in the Corporate Governance section forming part of this Report. Thepolicy is available on the website of the Company. (URL:http://www.oclsteel.in/investors.php)
The Audit Committee comprises of three Directors viz. Mr. Yogesh Kapur IndependentDirector as Chairman Mr. Sanjay Tiku and Mr. Vinod Kumar Uppal as Members. The CompanySecretary of the Company is the secretary of the Committee. The Board of Directors hasaccepted all the recommendations of the Audit Committee.
The Company has in place a vigil mechanism in the form of Whistle Blower Policy. Itaims at providing avenues for employees to raise complaints and to receive feedback on anyaction taken and seeks to reassure the employees that they will be protected againstvictimization and for any whistle blowing conducted by them in good faith. The policy isintended to encourage and enable the employees of the Company to raise serious concernswithin the organization rather than overlooking a problem or handling it externally.
The Company is committed to the highest possible standard of openness probity andaccountability. It contains safeguards to protect any person who uses the Vigil Mechanismby raising any concern in good faith. The Company protects the identity of the whistleblower if the whistle blower so desires however the whistle blower needs to attend anydisciplinary hearing or proceedings as may be required for investigation of the complaint.The mechanism provides for a detailed complaint and investigation process.
If circumstances so require the employee can make a complaint directly to the Chairmanof the Audit Committee. The Company also provides a platform to its employees for havingdirect access to the Chairman of the Audit Committee in appropriate or exceptional cases.The Company Secretary is the Compliance Officer of the Vigil Mechanism Committee. Theconfidentiality of those reporting violations is maintained and they are not subjected toany discriminatory practice.
The Company has developed and implemented a Risk Management Policy. The details ofelements of risk and mitigation measures are provided in the Management Discussion andAnalysis section of the Annual Report.
ANTI SEXUAL HARASSMENT POLICY
The Company has in place an Anti Sexual Harassment Policy in line with the requirementsof the Sexual Harassment of Women at the Workplace (Prevention Prohibition and Redressal)Act 2013. An Internal Complaints Committee has been set up to redress complaints receivedregarding sexual harassment. All women employees (permanent contractual temporarytrainees) are covered under this policy. During the year 2016-17 no complaints werereceived by the committee.
PARTICULARS OF EMPLOYEES
(a) The ratio of remuneration of each director to the median of employees' remunerationas per Section 197(12) of the Companies Act 2013 read with Rule 5(1) of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules 2014 forms part of the
Board's report Annexure - VII.
(b) The statement containing particulars of employees as required under section 197(12)of the Act read with Rule 5(2) & (3) of the Companies (Appointment and Remuneration ofManagerial Personnel) Rules 2014 is NIL.
During the year under review the Company has not accepted any deposits from publicmembers or employees under the Companies Act 2013 and as such no amount of principal orinterest on public deposits was outstanding as on the date of balance sheet.
SIGNIFICANT AND MATERIAL ORDERS
No significant and material orders have been passed by any regulators or courts ortribunals impacting the going concern status and Company's operations in future.
DEMATERIALISATION AND LISTING
The equity shares of the Company are admitted to the depository system of NationalSecurities Depository Limited (NSDL) and Central Depository Services (India) Limited(CDSL). As on 31st March 2017 130289723 Equity Shares representing 97.13% ofthe Equity Share Capital of the Company are in dematerialized form. The Equity Shares ofthe Company are compulsorily traded in dematerialized form as mandated by the Securitiesand Exchange Board of India (SEBI). The International Securities Identification Number(ISIN) allotted to the Company with respect to its Equity Shares is INE 196J01019.
The Equity Shares of the Company are listed on BSE Limited and National Stock Exchangeof India Limited and are actively traded.
RECONCILIATION OF SHARE CAPITAL AUDIT
As per the directive of the Securities & Exchange Board of India M/s S. Khurana& Associates Company Secretaries New Delhi undertook the Reconciliation of ShareCapital Audit on a quarterly basis. The purpose of the audit is to reconcile the totalnumber of shares held in National Securities Depository Limited (NSDL) Central DepositoryServices (India) Limited (CDSL) and in physical form with respect to admitted issued andpaid up capital of the Company.
The reconciliation of Share Capital Audit Report as submitted by M/s S. Khurana &Associates Company Secretaries New Delhi on quarterly basis was forwarded to the BSELimited and National Stock Exchange of India Limited where the Equity Shares of theCompany are listed.
During the year under review the relations between the Management and the workmen werehighly cordial. Human resources initiatives such as skill up gradation trainingappropriate reward & recognition systems and productivity improvement were the keyfocus areas for development of the employees of the Company.
Your Company always endeavours to promptly respond to members' requests/grievances.Each and every issue raised by the members is taken up with utmost priority and everyeffort is made to resolve the same at the earliest. The Stakeholders RelationshipCommittee of the Board periodically reviews the status of the redressed of investors'grievances.
Your Directors wish to place on record the sincere and dedicated efforts of all theemployee of the Company. Your Directors also take this opportunity to offer their sincerethanks to the Financial Institutions Banks and other Government Agencies valuedcustomers investors and all the stakeholders for their continued support co-operationand assistance.
|BY ORDER OF THE BOARD |
|FOR OCL IRON AND STEEL LIMITED |
|Yogesh Kapur |
|DIN: 00014385 |
|Place ||New Delhi |
|Dated ||19.08.2017 |
Form AOC - I
(Pursuant to first proviso to sub-section(3) of section 129 read with rule 5 ofCompanies(Accounts) Rules 2014)
Statement containing salient features of the financial statement ofsubsidiaries/associate companies
Part "A": Subsidiaries
|Name of Subsidiary Company ||Reporting Period ||Reporting Currency ||Share Capital ||Other Equity ||Total Asset ||Total Liabilities ||Investment ||Turnover ||Profit before Tax ||Provision for Tax ||Profit after Tax ||Proposed Dividend ||% of Share- holding |
|1. Oriental Iron Casting Ltd ||31.03.2017 ||INR ||1990.00 ||6943.61 ||37441.88 ||28507.97 ||1.60 ||NIL ||(4355.66) ||(1547.29) ||(2808.37) ||NIL ||99.75 |
|2. Aron Auto Limited ||31.03.2017 ||INR ||5.00 ||(4.22) ||534.52 ||533.74 ||NIL ||NIL ||(0.24) ||NIL ||(0.24) ||NIL ||100.00 |
|3 Krisum Mines & Minerals Private Limited (formerly known as Krisum Auto Components Private Limited) ||31.03.2017 ||INR ||1.00 ||(0.57) ||20.27 ||19.84 ||NIL ||NIL ||(0.07) ||NIL ||(0.07) ||NIL ||100.00 |
|4. OISL Auto Limited ||31.03.2017 ||INR ||5.00 ||NIL ||5.33 ||0.33 ||NIL ||NIL ||NIL ||NIL ||NIL ||NIL ||99.99 |
1. Names of subsidiaries yet to commence operations-1.1 OISL Auto Limited
2. Names of Subsidiaries which have been liquidated or sold during the year: NIL
As per our report of even date attached.
FOR A.C GUPTA & ASSOCIATES Chartered Accountants. Firm Regd. No. 008079N
A.C Gupta Partner
Membership No.: 8565
|Place ||New Delhi |
|Date ||29th May 2017 |
Chief Financial Officer
Additional Information as required under Schedule III to the Companies Act 2013 ofenterprises Consolidated as Subsidiary
|Name of the entity || || |
Net Assets i.e. total assets minus total liabilities
| ||Share in profit or loss ||Share in other Comprehensive Income || || |
Share in Total Comprehensive Income
| || || || || || || || || || |
| ||Reporting Currency ||As % of Consolidated net assets ||Amount (Rs. in Lakhs) ||As % of Consolidated profit or loss ||Amount (Rs. in Lakhs) ||As % of Consolidated net assets ||Amount (Rs. in Lakhs) ||As % of Consolidated profit or loss ||Amount (Rs. in Lakhs) |
| ||1 ||2 ||3 ||4 ||5 ||6 ||7 ||8 ||9 |
| || || || || || || || || || |
|Parent || || || || || || || || || |
|OCL Iron & Steel Limited ||INR ||1470.60% ||11655.40 ||88.18% ||(20900.41) ||99.91% ||2965.28 ||86.50% ||(17935.13) |
|Subsidiaries Indian || || || || || || || || || |
| || || || || || || || || || |
|1 Oriental Iron Casting Limited (consolidated) ||INR ||1127.22% ||8933.91 ||11.85% ||(2808.37) ||0.09% ||2.69 ||13.53% ||(2805.68) |
|2 Aron Auto Limited ||INR ||0.10% ||0.78 ||0.00% ||(0.24) ||0.00% || ||0.00% ||(0.24) |
|3 Krisum Mines & Minerals Private Limited (formerly known as Krisum Auto Components ||INR Pvt. Ltd. ||0.05% ||0.43 ||0.00% ||(0.07) ||0.00% || ||0.00% ||(0.07) |
|4. OISL Auto Limited ||INR ||0.63% ||5.00 ||0.00% || ||0.00% || ||0.00% ||0.00 |
|Adjustment due to Consolidation || ||(2503.09%) ||(19838.49) || || || || || || |
|Minority Interests in all subsidiaries || ||4.48% ||35.53 ||(0.03%) ||7.06 ||0.00% ||(0.01) ||(0.03%) ||7.05 |
|Total || ||100.00% ||792.56 ||100.00% ||(23702.03) ||1000.00% ||2967.96 ||100.00% ||(20734.07) |
FOR A.C GUPTA & ASSOCIATES Chartered Accountants. Firm Regd. No. 008079N
|A.C Gupta |
|Membership No.: 8565 |
Place : New Delhi Date : 29th May 2017
|Birendra Jee |
|Managing Director |
|Kamadev Behera |
|Chief Financial Officer |
|Yogesh Kapur |
|Yugami Arora |
|Company Secretary |