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Roto Pumps Ltd.

BSE: 517500 Sector: Engineering
NSE: N.A. ISIN Code: INE535D01029
BSE 00:00 | 22 Jan 166.00 0.45
(0.27%)
OPEN

165.00

HIGH

172.60

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161.50

NSE 05:30 | 01 Jan Roto Pumps Ltd
OPEN 165.00
PREVIOUS CLOSE 165.55
VOLUME 96698
52-Week high 185.50
52-Week low 87.25
P/E 15.16
Mkt Cap.(Rs cr) 256
Buy Price 166.00
Buy Qty 93.00
Sell Price 166.00
Sell Qty 207.00
OPEN 165.00
CLOSE 165.55
VOLUME 96698
52-Week high 185.50
52-Week low 87.25
P/E 15.16
Mkt Cap.(Rs cr) 256
Buy Price 166.00
Buy Qty 93.00
Sell Price 166.00
Sell Qty 207.00

Roto Pumps Ltd. (ROTOPUMPS) - Director Report

Company director report

To the Members of ROTO PUMPS LTD

Your Directors have pleasure in presenting their Forty Fourth Annual Report of theCompany together with the Audited Financial Statements for the financial year ended 31stMarch 2019.

Financial Performance

Your Company's financial performance for the year under review along with the previousyear's figure is given hereunder:

Amount Rs. In Lacs

Financial year ended

Particulars 31st March 2019 31st March 2018
Revenue from Operations 12776.01 10911.95
Other Income 205.47 141.82
Total Income 12981.48 11053.77
Profit / (loss) before finance costs depreciation and taxation 3043.25 2297.07
Less: Finance Costs 253.90 271.34
Depreciation 743.91 692.40
Profit before Taxation 2045.44 1333.33
Less :Taxation 515.64 477.35
Profit after tax 1529.80 855.98
Add: Other Comprehensive Income -32.86 30.16
Total Comprehensive Income for the year 1496.94 886.14

Dividend

Your Directors are pleased to recommend a dividend of Rs. 0.50 (i.e. 25%) per share forthe financial year ended 31st March 2019 which if approved by the Members at theforthcoming Annual General Meeting would result in a dividend outflow of Rs. 7726903/-and dividend distribution tax of Rs. 1588265/- aggregating a total outflow of Rs.9315268/-. No amount from profit for the year has been transferred to the GeneralReserve.

Share Capital

The Paid-up Equity Share Capital as on 31st March 2019 was Rs. 309.08 Lacs. During theyear under review your Company has not issued any shares bonus shares or bought back anyshares. The Company has not issued shares with differential voting rights. It has neitherissued employee stock options nor any sweat equity shares and does not have any scheme tofund its Employees to purchase the shares of the Company.

Investor Education and Protection Fund

In terms of the provisions of Section 124(5) of the Companies Act 2013 and Rule 3 ofthe Investor Education and Protection Fund Authority (Accounting Audit Transfer andRefund) Rules 2016 the un-claimed dividend relating to the financial year 2010-11 hasbeen remitted to the Investor Education and Protection Fund (IEPF) established by theCentral Government. This involved transfer of Rs. 266453/- unclaimed dividend and 56453related shares on which dividend had been unclaimed for seven consecutive years.

The un-claimed dividend for further years would become due for transfer to IEPF perbelow details-

Amount in Rs.
S. No. Financial year Un-claimed dividend as on 31.07.2019 Due date for transfer to IEPF
1. 2011-12 178225.00 October 29 2019
2. 2012-13 226040.00 November 04 2020
3. 2013-14 233040.00 November 05 2021
4. 2014-15 217131.60 November 06 2022
5. 2015-16 80668.80 November 05 2023
6. 2016-17 171725.60 November 05 2024
7. 2017-18 137539.60 November 05 2025

Further in terms of the provisions of Section 124(6) of the Companies Act 2013 andRule 6 of the Investor Education and Protection Fund Authority (Accounting AuditTransfer and Refund) Rules 2016 shares related to the dividend which would betransferred to Investor Education and Protection Fund as stated above on which dividendfor next seven years remained unclaimed/unpaid would also become due for transfer to theIEPF on the said date.

The Company Secretary is nominated as the Nodal Officer for issues relating to theInvestor Education and Protection Fund. The Nodal Officer may be contacted atinvestors@rotopumps.com.

Details of un-claimed dividend are available for on the Company's website atwww.rotopumps.com.

Year in retrospect

Your Company has achieved an Income from Operations of Rs. 12776.01 lacs againstprevious year's Rs. 10911.95 lacs registering a growth of 17.08%. Domestic sales were Rs.4222.85 lacs as compared to Rs. 3718.57 lacs representing a growth of 13.56%. Exportsales were Rs. 8553.15 lacs as compared to Rs. 7193.38 lacs having a growth of 18.90%over last year. Export sales include Rs. 5516.22 lacs sales from Marketing Outlets inUnited Kingdom and Australia. Revenue from exports constitutes 66.94% of the total revenuefrom operations.

Outlook

Your company's operations are expected to do better as sales would continue to rise dueto strengthening of overseas business operations. At domestic front with the formation ofstrong and stable Government the business opportunities for your company would grow.However time ahead looks challenging as growth in global economy is expected to declineduring 2019 to 3.2% from 3.6% in 2018. While global economy is expected to grow positivelyat 3.5% in 2020 the advance economies are expected to register negative growth silverlining is the emerging markets and developing economies which would register positivegrowth. Your Company is strategically placed to gain from the emerging businessopportunities.

Consolidated Financial Statements

The Consolidated Financial Statements of the Company and its subsidiaries have beenprepared in accordance with Indian Accounting Standard 110 notified by the Ministry ofCorporate Affairs Government of India and form part of the Annual Report.

The annual accounts of the subsidiaries and related information are kept at theRegistered Office of the Company as also at the registered offices of the respectivesubsidiary companies and will be available to investors seeking information at any time.

Performance of the Subsidiaries Company

a. Roto Pumpen GmbH - a wholly owned subsidiary in Germany during to carry on the salesand marketing of the Company's products in German region to service the customers moreeffectively. The operations of the subsidiary are currently under suspension as per thedecision of the Board. Effective steps are being taken to reassume operations by thesubsidiary in near future.

b. Roto Pumps Americas Inc. - a wholly owned subsidiary in USA which has an operatingwholly owned subsidiary company in the name and style of Roto Pumps North America Inc. tocarry on sales and marketing of Company's products in North American region and alsomaintain warehouse facility to carry inventory.

c. Roto Overseas Pte Ltd - a wholly owned subsidiary in Singapore as your Company hasacquired balance 40% stake during the year under review. The subsidiary holds almost 100%stake in Roto Pumps (Africa) Pty Ltd South Africa a company engaged in the business ofsales and marketing of pumps and parts of pumps in the African Region.

Statement containing the salient features of financial statements of subsidiarycompanies in the prescribed Form AOC-1 is annexed as per Annexure-A.

Particulars of Loans Guarantees or Investments

Your Company has acquired 320000 shares of SGD 1 each at par value in Roto OverseasPte Ltd Singapore during the year under review.

Your company has not given any loan or provided any guarantees during the year underreview.

Fixed Deposits

Your Company has neither accepted nor renewed any deposits during the financial yearunder review.

Related Party Transactions

All Related Party Transactions that were entered into by the Company during the yearunder review were on an arm's length basis and in the ordinary course of business and werein compliance with the applicable provisions of the Companies Act 2013 ('the Act') andSecurities and Exchange Board of India ( Listing Obligations and Disclosure Requirements)Regulations 2015. There were no materially significant Related Party Transactions made byyour Company during the year that would have required Shareholder approval underRegulation 23 of securities and Exchange Board of India (Listing Obligations andDisclosure Requirements) Regulations 2015.

Prior omnibus approval of the Audit Committee has been obtained for the transactionswhich are repetitive in nature. A statement of all Related Party Transactions is placedbefore the Audit Committee for its review on a quarterly basis specifying the naturevalue and terms and conditions of the transactions and other relevant details as arerequired in terms of the Companies Act 2013 and Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations 2015. Details of thetransactions with Related Parties are provided at Note no. 40 of the accompanyingstandalone financial statements.

Risk Management

Your Company has formulated a risk management policy to put in place a procedure toinform the Board about the risk assessment and minimization procedure. The Company hasalso formed a Risk Management Committee comprising of Directors and Executives of yourCompany to assess the risk and minimization procedures and report the same to the Board atthe meetings.

Internal Control System and its adequacy

Your Company has an adequate internal control system commensurate with the size of theCompany and nature of its business.

Further in terms of provisions of Section 138 of the Companies Act 2013 and the rulesmade thereunder your Company has appointed M/s. Kapoor Tandon & Co. CharteredAccountants as its Internal Auditor to conduct the internal audit of the functions andactivities and review of internal controls system in the Company. Based on the report ofinternal audit function the Board undertakes corrective action in their respective areasand thereby strengthens the controls.

Directors and Key Managerial Personnel

Mr. B. S. Ramaswamy independent director of the Company ceased to be director due tosad demise on 5th May 2019

Pursuant to the provisions of the Companies Act 2013 read with the Articles ofAssociation of the Company Mrs. Asha Gupta Director (DIN: 00334354) retires from theBoard by rotation and is eligible for re-appointment.

Mr. Akhil Joshi aged 60 years superannuated as Director (Power) from Bharat HeavyElectrical Limited (BHEL) has been appointed as an Additional Director (Non-executiveIndependent) by the Board at its meeting held on 9th August 2019 and recommended forappointment by the Members at the ensuing Annual General Meeting.

Mr. Harish Chandra Gupta Chairman & Managing Director Mr. Anurag Gupta DyManaging Director Mr. Arvind Veer Gupta Wholetime Director were reappointed for afurther period of three years w. e. f. 1st April 2019. Mr. Anurag Gupta was re-designatedas Jt. Managing Director and Mr. Arvind Veer Gupta was re-designated as the Dy. ManagingDirector from the said date.

Re-appointment of Independent Directors Dr. Ramesh Vaish Mr. Anand Bordia Mr. BasantSeth and Mrs. Annapurna Dixit for the second term is due at the ensuing Annual GeneralMeeting. Considering their valuable contribution to the Company as Independent Directorstheir re-appointment for the second term is recommended to the members of the Company atthe ensuing Annual General Meeting.

Annual Evaluation of Board Performance and Performance of its Committees and ofDirectors:

Pursuant to the provisions of the Companies Act 2013 and Securities and Exchange Boardof India (Listing Obligations and Disclosure Requirements) Regulations 2015 the Boardhas carried out an annual evaluation of its own performance performance of the Directorsas well as the evaluation of the working of its Committees. The Nomination andRemuneration Committee has laid down the evaluation criteria procedure and time schedulefor the Performance Evaluation process for the Board its Committees and Directors.

Independent Directors and their meetings

The Independent directors were provided an insight about their roles duties rightsand responsibilities. They were given a fair idea and knowledge about the workingstrategy and the organizational structure of the company so that they could adapt to thecompany culture and contribute through active participation and interaction in a bettermanner.

The Nomination and Remuneration Policy adopted by your Company deals with the criteriafor selection and determining the Independence of Directors and also the Remunerationpolicy for directors Key Managerial Personnel (KMP) and other employees. The Remunerationpolicy is available at the website of the Company at http://www.rotopumps.com/investors/policies.html.

Your Company's Independent Directors meet at least once in a financial year without thepresence of Executive Directors or Management Personnel. Such meetings are conducted toenable the Independent Directors to discuss matters pertaining to the Company's Affairsand put forth their views. During the year under review one meeting of the IndependentDirectors was held on 8th February 2019 where all the independent directors were present.

Board Committees and their meetings

Details of the composition of the Board and its Committees and of the Meetings held andattendance of the Directors at such Meetings are provided in the Corporate GovernanceReport. The intervening gap between the Meetings was within the period prescribed underthe Companies Act 2013 the Rules made thereunder and Securities and Exchange Board ofIndia (Listing Obligations and Disclosure Requirements) Regulations 2015.

Directors' Responsibility Statement

In accordance with the provisions of Section 134(5) of the Companies Act 2013 theBoard hereby submits its responsibility Statement:

(a) In the preparation of the annual accounts the applicable accounting standards hadbeen followed along with proper explanation relating to material departures if any;

(b) The directors had selected such accounting policies and applied them consistentlyand made judgments and estimates that are reasonable and prudent so as to give a true andfair view of the state of affairs of your Company at the end of the financial year and ofthe profit and loss of your Company for that period;

(c) The directors had taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of the Companies Act 2013 forsafeguarding the assets of your Company and for preventing and detecting fraud and otherirregularities;

(d) The directors had prepared the annual accounts on a going concern basis; and

(e) The directors had laid down internal financial controls to be followed by yourCompany and that such internal financial controls were adequate and were operatingeffectively.

(f) The directors had devised proper systems to ensure compliance with the provisionsof all applicable laws and that such systems were adequate and operating effectively.

Corporate Social Responsibility

Your Company has formulated its Corporate Social Responsibility (CSR) Policy toundertake the CSR activities as specified in the Schedule VII to the Companies Act 2013.CSR Policy is available at http://www. rotopumps.com/investors/policies.html. The AnnualReport of CSR activity for the financial year 2018-19 is annexed at Annexure -B.

Policy on prevention prohibition and redressal of sexual harassment at Workplace

Your Company has zero tolerance for sexual harassment at workplace and has adopted aPolicy on Prevention Prohibition and Redressal of Sexual Harassment at the Workplace inline with the provisions of the Sexual Harassment of Women at Workplace (PreventionProhibition and Redressal) Act 2013 and the Rules there under. The Policy aims to provideprotection to employees at the workplace and prevent and redress any complaint(s) ofsexual harassment and for matters connected or incidental thereto with the objective ofproviding a safe working environment where employees feel secure. Your Company hascomplied with the provisions of the Act relating to the constitution of InternalComplaints Committee to inquire into complaints of sexual harassment and recommendappropriate action. Your Company has not received any complaint of sexual harassmentduring the year under review.

Vigil Mechanism / Whistle Blower Policy

Your Company has adopted a Whistle Blower Policy to provide a formal mechanism to theDirectors and employees to report their concerns about unethical behavior actual orsuspected fraud or violation of the Company's Code of Conduct or ethics policy. The Policyprovides for adequate safeguards against victimization of employees who avail of themechanism and also provides for direct access to the Chairman of the Audit Committee.

It is affirmed that no personnel of your Company has been denied access to the AuditCommittee. The policy has been adopted in compliance with the requirements of SEBI andSection 177(9) of the Companies Act 2013 and the Rules thereunder including anyamendment(s) thereto.

Material changes and commitment if any affecting the financial position of theCompany occurred between the end of the financial year to which these financial statementsrelate and the date of the report

No material changes and commitments affecting the financial position of your Companyhave occurred between the end of the financial year to which these financial statementsrelate and on the date of this report.

Secretarial Standards

Your Company has complied with the requirements of the mandatory secretarial standardsissued by the Institute of Company Secretaries of India.

Significant and Material Orders passed by the Courts or Regulators

No significant and material orders have been passed by the Regulators or Courts orTribunals which would impact the going concern status of your Company and its futureoperations.

Auditors

a. Statuary Auditors

M/s. R. N. Marwah & Co. LLP Chartered Accountants New Delhi Firm Registrationno. (001211N/N500019) were appointed as the Statutory Auditors of the Company for a periodof five years by the members of the Company at their Annual General Meeting held on 29thSeptember 2017 subject to ratification at every intervening Annual General Meeting undersection 139 of the Companies Act 2013. Such requirement of ratification of appointment ofStatutory Auditors at every intervening Annual General Meeting has since been dispensedwith by the Companies (Amendment) Act 2017; accordingly no such ratification isrequired.

The observations of the Auditors in their report read with the notes to accounts areself-explanatory and do not call for any further action or information.

b. Branch Auditors

The term of the Branch Auditors of the Warehouse and Marketing Offices of the Companyin Australia and U.K. M/s Eric Townsend & Co. Chartered Accountants Australia andM/s Layton Lee Chartered Accountants U.K. respectively will expire at the conclusionof the ensuing Annual General Meeting. Board of Directors of your Company is seekingauthority to appoint Branch Auditors for the financial year 2019-20.

c. Cost Auditor

In terms of the provisions of Section 148(1) of the Companies Act 2013 the Companyhas maintained cost accounts and records in respect of the applicable products for theyear ended 31st March 2019.

Pursuant to the provisions of Section 148 of the Companies Act 2013 read with theCompanies (Cost Records and Audit) Rules 2014 the Board on the recommendation of theAudit Committee at its meeting held on 9th August 2019 has approved the appointment ofM/s. Chandra Wadhwa & Co. Cost Accountants New Delhi (Firm Registration No 00239)as the Cost Auditors for the Company for the financial year ending 31st March 2020.Ratification of remuneration of the Cost Auditor for the financial year 2019-20 by theshareholders of the Company is being sought at the ensuing Annual General Meeting.

The Report of the Cost Auditor for the financial year ended 31st March 2019 shall befiled with the Ministry of Corporate Affairs within the prescribed period.

d. Secretarial Auditors

M/s Dayal & Maur Company Secretaries New Delhi have been appointed as theSecretarial Auditors to carry out the secretarial audit for the year under review. TheSecretarial Audit Report for the financial year ended 31st March 2019 is annexed atAnnexure- C.

There is no qualification or observation in the report of the Secretarial Auditors.

Conservation of energy Technology absorption Foreign Exchange earnings and outgo

The information pertaining to conservation of energy technology absorption Foreignexchange Earnings and outgo as required under Section 134(3) (m) of the Companies Act2013 read with Rule 8(3) of the Companies (Accounts) Rules 2014 is furnished at Annexure-D.

Declaration of Independent Directors

The Independent Directors have submitted their disclosures to the Board that theyfulfill the requirements as stipulated in Section 149(6) of the Companies Act 2013 so asto qualify themselves to be appointed as Independent Directors under the provisions of theCompanies Act 2013 and the relevant rules made thereunder.

Board independence

Your Company's definition of 'Independence' of Directors is derived from Regulation16(1) (b) of Securities and Exchange Board of India (Listing Obligations and DisclosureRequirements) Regulations 2015 and Section 149(6) of the Companies Act 2013. Based onthe confirmation / disclosures received from the Directors and on evaluation of therelationships disclosed the following Non-Executive Directors are Independent in terms ofSecurities and Exchange Board of India (Listing Obligations and Disclosure Requirements)Regulations 2015 and Section 149(6) of the Companies Act 2013.

a) Dr. Ramesh Chandra Vaish

Dr. Ramesh Chandra Vaish aged about 78 years holds a degree in M.A. M.Com LLB Ph.D.in Economics from University of Florida USA and is a Fellow Member of the Institute ofChartered Accountants of India. Dr. Vaish is an eminent practicing Chartered Accountanthaving over 46 years of rich and varied experience with specialization in Internationaltaxation and finance tax planning and off-shore investment. Dr. Vaish has an outstandingacademic record and after teaching at University of Florida USA has worked with Coopersand Lybrand in New York Singapore London and New Delhi. Dr. Vaish has been a SeniorCounsel Tax and Business Advisory Services at Price Waterhouse Coopers New Delhibesides being a member of the Company Law Advisory Committee Regional Tax AdvisoryCommittee and various fiscal committees of FICCI and ASSOCHAM.

b) Mr. Anand Bordia

Mr. Anand Bordia aged 75 years is a retired IRS Officer holds degree in M.A. Mr.Bordia has 38 years of professional experience most of which have been at a senior levelin the Government of India and International Organizations. Mr. Bordia has worked inMinistry of Finance and Ministry of Social Justice & Empowerment in the Government ofIndia. Mr. Bordia has been Member Finance in National Highway Authority of India. Mr.Bordia has also worked in Indian Customs and Central Excise Department and held variousfield positions such as Commissioner of Customs and Director Audit. Mr. Bordia has alsoworked in the Secretariat of Custom Cooperation Council Brussels.

c) Mrs. Annapurna Dixit

Mrs. Annapurna Dixit aged about 71 years a retired Information Commissioner CentralInformation Commission is a Graduate in Physics (Hons) Masters and M. Phil in Education.Mrs. Dixit has worked for over two decades as an Officer in the India Country Office ofthe United Nations Children's Fund. Mrs. Dixit closely worked with the relevant Ministriesof Government of India State Governments NCW NHRC IMA NIPCCD and with NGOs forensuring protection of rights of women and children.

d) Mr. Basant Seth

Mr. Seth aged 67 years is a Science graduate from Banaras Hindu University a qualifiedChartered Accountant and also has Post Graduate Diploma in Bank Management from NationalInstitute of Bank Management Pune. Mr. Seth has recently retired as Central InformationCommissioner after successfully completing his tenure of five years. Before joining theCentral Information Commission he was a banker. He has served Bank of India for a verylong period and later SIDBI. He has also served the Syndicate Bank as its Chairman andManaging Director.

Mr. Seth has extensive Board level experience having served as Bank of India's nomineeon the Board of Indo-Zambian Bank Zambia and Commonwealth Finance Corporation Ltd HongKong besides holding the post of Whole Time Director in SIDBI and CMD of Syndicate Bank.He has long experience and expertise in Bank Management Corporate Governance Financial& Administrative matters.

e) Mr. Akhil Joshi

Mr. Akhil Joshi aged 60 years superannuated as Director (Power) from Bharat HeavyElectrical Limited (BHEL). He is a Mechanical Engineer and earned his degree of MechanicalEngineering from Delhi College of Engineering in 1979.

Mr. Akhil Joshi has almost four decades of rich experience in Power SectorInternational Operations Division and Corporate Technology Management. During his tenureat the International Operations Division he played a key role in the strategic growth ofthe company's overseas business in highly competitive markets such as the Middle EastSouth East Asia the CIS region the Mediterranean and Europe. He successfully pioneeredBHEL's maiden entry into a range of overseas markets including among others IraqVietnam Belarus Bangladesh Cyprus and Egypt. He played a pivotal role in negotiatingand securing key EPC contracts for power projects in Iraq under the Oil-for-Food programand securing approvals from the Sanctions Committee of the United Nations.

Particulars of Employees and related disclosures

The disclosures pertaining to remuneration and other details as required under Section197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration ofManagerial Personnel) Rules 2014 is furnished at Annexure- E.

In terms of the provisions of Section 197(12) of the Act read with Rules 5(2) and 5(3)of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014 astatement showing the names and other particulars of the employees drawing remuneration inexcess of the limits set out in the said rules is furnished at in Annexure-F.

Listing of Shares

The Equity Shares of your Company are listed at the BSE Ltd Phiroze Jeejeebhoy TowersDalal Street Mumbai - 400001. The annual listing fee for the year 2018-19 has been fullypaid.

Annual Return

Pursuant to the provisions of Section 92(3) of the Companies Act 2013 as amended bythe Companies (Amendment) Act 2017 a copy of the Annual Return has been placed on thewebsite of the Company and can be accessed through the web-link: http://www.rotopumps.com/investors.html under the head Annual Returns.

Corporate Governance

The Management Discussion and Analysis and the Report on Corporate Governance asrequired under Regulation 34 of Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations 2015 read with Schedule V thereofforms part of the Annual Report.

Acknowledgements

Your Directors place on record their sincere thanks to the Bankers BusinessAssociates Consultants and various Government Authorities for their continued supportextended to your Company's activities during the year under review. Your Directors alsoacknowledge gratefully the shareholders for their valuable support and confidence reposedin the Company.

For and on behalf of the Board of Directors
Harish Chandra Gupta
Place: Noida Chairman & Managing Director
Dated: 09.08.2019 DIN: 00334405

Statement containing salient features of the financial statements of subsidiaries(Pursuant to the first proviso to sub-section (3) of Section 129 read with Rule 5 ofCompanies (Accounts) Rules 2014

Part "A" - Subsidiaries

Name of the Subsidiaries

Sl. No. Particulars Roto Pumpen GmbH Roto Pumps Americas Inc. Roto Pumps North America Inc. -stepdown Roto Overseas Pte Ltd. Roto Pumps (Africa) Pty Ltd. -stepdown
1 Reporting period of the subsidiary on if different from the holding company's reporting period N.A N.A N.A N.A N.A
2 Reporting currency and Exchange rate as on year end date EURO 77.75 USD 68.58 USD 68.58 SGD 50.30 RAND 4.77
3 Share Capital 225000 525000 508000 800001 2000100
4 Reserve & Surplus (222586) (1393) (40896) (154419) 137595
5 Total Assets 2414 524152 1514931 659422 9552025
6 Total Liabilities - 545 1047827 13840 7414330
7 Investment - 508000 - 639628 -
8 Turnover - - 2257360 - 12500399
9 Profit/(Loss) before taxation (925) (545) 254323 (38463) 776415
10 Provision for taxation - - - - (217397)
11 Profit/(Loss) after taxation (925) (545) 254323 (38463) 559018
12 Proposed Dividend - - - - -
13 % of shareholding 100 100 100 100 99.995

No subsidiary has been liquidated or sold during the year. Part "B":Associates and Joint Ventures

NA

As per our report of even date.

For R.N Marwah & Co LLP For and on behalf of the Board
Chartered Accountants
(Registration No.0001211N/N500019) (HARISH CHANDRA GUPTA) (ANURAG GUPTA)
(Manoj Gupta) PARTNER Chairman & Managing Director Jt. Managing Director
(DIN : 00334405) (DIN : 00334160)
Membership No.096776
Place: Noida (PRADEEP JAIN) (ASHWANI K VERMA)
Date : 24.05.2019 Chief Financial Officer Company Secretary
(PAN : AAEPJ6827A) (M.No : F9296)