SIXTH ANNUAL REPORT - Bombay Stock Exchange · 2015-09-06 · Mr. Subhash Kumar Jha Non Executive Director DIN: 06941674 Mr. Niraj Singh Independent Director DIN: 03518079 Mr. Arun

-:: SIXTH ANNUAL REPORT :: -

-:: SHRI KRISHNA PRASADAM LIMITED :: -

-:: FINANCIAL YEAR 2014-15 :: -

___________________________________________________________________Annual Report 2014-15

Shri Krishna Prasadam Limited________________________________________________________________

CORPORATE INFORMATION BOARD OF DIRECTORS

Mr. Kulbhushan Parashar Whole Time Director DIN: 02608369 Mr. Subhash Kumar Jha Non Executive Director DIN: 06941674 Mr. Niraj Singh Independent Director DIN: 03518079 Mr. Arun Saldi Independent Director DIN: 03213230 AUDITORS

Rishi Arora Chartered Accountant M. No.: 501847 H-23A (Basement), Kalkaji, New Delhi 110019 Ph. No.: 011 4103 3000

INTERNAL AUDITOR

Gaurav Bansal Chartered Accountants 5/253, Sector-8, Rohini, New Delhi 110085 M. No. 529325

SECRETARIAL AUDITOR V. Kumar & Associates Company Secretaries 42-B, Hanuman lane, Connaught Place, New Delhi 110001 M. No. 21295

REGISTRAR AND SHARE TRANSFER AGENTS

M/s Skyline Financial Services Private Limited 1st Floor, D-153A, Okhla Industrial Area, Phase I, New Delhi Pin Code 110 020, INDIA Ph. No. 011 2681 2682, 6473 2681

LISTED AT

BSE Limited (SME Segment) REGISTERED OFFICE

160 (Basement), Vinoba Puri, Lajpat Nagar-II New Delhi 110024 Tel No. 011 2983 2714 EMAIL ID & WEBSITE

Company and Investor Grievances: - [email protected] www.shrikrishnaprasadam.com

CORPORATE IDENTIFICATION NUMBER

L70200DL2009PLC190708

CHIEF FINANCIAL OFFICER

Mr. Vidyanand Yadav

COMPANY SECRETARY

Mr. Kulbhushan Parashar

M. No. A20234

BANKERS OF THE COMPANY

ICICI Bank East of Kailash, New Delhi 110065

Sr. No. Contents

1. Corporate Information

2. Notice of Annual General Meeting

3. Board of Directors’ Report

4. Secretarial Audit Report

5. Remuneration and Nomination Policy

6. Extract of Annual Return

7. Auditor’s Report on Financial Statement

8. Balance Sheet

9. Profit & Loss Account

10. Cash Flow Statement

11. Notes to the Accounts

12. Attendance Sheet & Proxy Form

___________________________________________________________________Annual Report 2014-15


NOTICE OF SIXTH ANNUAL GENERAL MEETING Registered Office: 160 (Basement), Vinoba Puri, Lajpat, Nagar-II, New Delhi 110024

Tel. No. 011 2983 2714, Email Id: [email protected]

CIN: L70200DL2009PLC190708

NOTICE is hereby given that the 06th Annual General Meeting of the Members of the Shri Krishna Prasadam Limited will be held

on Monday, 28th Day of September, 2015 at 11:00 A.M. at 160 (Basement), Vinoba Puri, Lajpat, Nagar-II, New Delhi 110024 to

transact the following businesses:

ORDINARY BUSINESSES:-

ITEM NO. 1 – ADOPTION OF FINANCIAL STATEMENTS

To receive, consider and adopt the financial statements of the Company for the financial year ended on 31st March 2015,

including audited Balance Sheet as at 31st March, 2015 and the Profit & Loss Account for the year ended on that date, together

with the report of the Directors and Auditors thereon.

ITEM NO. 2 – APPOINTMENT OF DIRECTOR

To appoint a Director in place of Mr. Subhash Kumar Jha (DIN: 06941674), who retires by rotation and being eligible offers

himself for re- appointment.

ITEM NO. 3 – APPOINTMENT OF AUDITORS

To ratify the appointment of auditors of the Company, and to fix their remuneration and to pass the following resolution as an

ordinary resolution: “RESOLVED THAT, pursuant to the provisions of Section 139 of the Companies Act, 2013 and the Rules made thereunder, and

pursuant to the recommendations of the audit committee, Rishi Arora & Associates, Chartered Accountant having FRN

027766N, be and is hereby re-appointed as the auditors of the Company, to hold office from the conclusion of this Annual

General Meeting till the conclusion of Ninth Annual General Meeting of the Company (subject to ratification of their appointment

at every AGM), at such remuneration as may be fixed by the Board of Directors of the Company.”

SPECIAL BUSINESSES:-

ITEM NO. 4 – APPOINTMENT OF MR. NIRAJ SINGH AS AN INDEPENDENT DIRECTOR

To consider and if thought fit, to pass with or without modification(s), the following resolution as an ordinary resolution:

“RESOLVED THAT pursuant to the provisions of Sections 149, 150 and 152 read with Schedule IV and all other applicable

provisions, if any, of the Companies Act, 2013 and the Rules framed thereunder (including any statutory modifications or re-

enactment thereof for the time being in force), Mr. Niraj Singh (DIN: 03518079), who was appointed as an Additional Director

of the Company w.e.f. November 14, 2014 in terms of Section 160(1) of the Companies Act, 2013 to hold office upto the date of

this Annual General Meeting, who has given his consent to act as Director and is not being disqualified from being acting as the

Director of the Company, be and is hereby appointed as an Independent Director of the company, not liable to retire by rotation,

for a period upto 13th November 2019;

RESOLVED FURTHER THAT, the Board of Directors of the Company be and is hereby authorised to sign the form DIR-12 and

make arrangement to file the same with Registrar of Companies and to take such other steps as may be necessary in this

regard.”

Registered Office

160 (Basement), Vinoba Puri,

Lajpat Nagar-II,

New Delhi 110024

By Order of Board of Directors

Shri Krishna Prasadam Limited

Kulbhushan Parashar

Whole Time Director

DIN: 02608369

Date: 31.08.2015

Place: New Delhi

___________________________________________________________________Annual Report 2014-15


NOTES:

1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE ANNUAL GENERAL MEETING (THE “MEETING”) IS ENTITLED TO

APPOINT A PROXY TO ATTEND AND VOTE ON A POLL INSTEAD OF HIMSELF AND THE PROXY NEED NOT BE A MEMBER

OF THE COMPANY. THE INSTRUMENT APPOINTING THE PROXY SHOULD, HOWEVER, BE DEPOSITED AT THE

REGISTERED OFFICE OF THE COMPANY NOT LESS THAN FORTY-EIGHT HOURS BEFORE THE COMMENCEMENT OF THE

MEETING.

A PERSON CAN ACT AS A PROXY ON BEHALF OF MEMBERS NOT EXCEEDING FIFTY AND HOLDING IN THE AGGREGATE

NOT MORE THAN TEN PERCENT OF THE TOTAL SHARE CAPITAL OF THE COMPANY CARRYING VOTING RIGHTS. A

MEMBER HOLDING MORE THAN TEN PERCENT OF THE TOTAL SHARE CAPITAL OF THE COMPANY CARRYING VOTING

RIGHTS MAY APPOINT A SINGLE PERSON AS PROXY AND SUCH PERSON SHALL NOT ACT AS A PROXY FOR ANY OTHER

PERSON OR SHAREHOLDER.

2. Corporate members are requested to send to the Company, a duly certified copy of the Board Resolution, authorizing their

representative to attend and vote at the Annual General Meeting.

3. A Statement pursuant to Section 102(1) of the Companies Act, 2013, relating to the Special Business to be transacted at the

Meeting is annexed hereto.

4. The Register of Members and Share Transfer Books of the Company will remain closed from Tuesday, 22nd day of September,

2015 to Monday, 28th day of September, 2015 (both days inclusive).

5. SEBI has mandated the submission of Permanent Account Number (PAN) by every participant in securities market. Members

holding shares in electronic form are, therefore, requested to submit their PAN to their Depository Participants with whom they

are maintaining their Demat accounts. Members holding shares in physical form can submit their PAN to the Company / RTA.

6. As a measure of economy and a step toward green initiative, Members are requested to bring their copy of Annual Report to the

meeting. Members/ Proxies should bring the attendance slip duly filled in and signed for attending the meeting.

7. In case of joint holders attending the meeting, only such joint holder who is higher in the order of names will be entitled to vote.

8. Members are requested to write their folio number in the attendance slip for attending the meeting.

9. To promote green initiative, members are requested to register their e-mail addresses through their Depository Participants for

sending the future communications by e-mail. Members holding the shares in physical form may register their e-mail addresses

through the RTA, giving reference of their Folio Number.

10. The Notice of AGM, Annual Report and Attendance Slip are being sent in electronic mode to Members whose e-mail IDs are

registered with the Company or the Depository Participant(s). Physical copy of the Notice of AGM, Annual Report and

Attendance Slip are being sent to those Members who have not registered their e-mail IDs with the Company or Depository

Participant(s). Members who have received the Notice of AGM, Annual Report and Attendance Slip in electronic mode are

requested to print the Attendance Slip and submit a duly filled in Attendance Slip at the registration counter to attend the AGM.

11. Pursuant to MCA notification dated 19th March 2015, Company is not providing e-voting facility to its shareholders.

12. The facility for voting through ballot will be made available at the AGM, and members attending the AGM through the ballot

paper.

13. All documents referred to in the accompanying Notice and Explanatory Statement are open for inspection at the Registered

Office of the Company during office hours on all working days, except Saturdays, between 11.00 a.m. to 1.00 p.m. up to and

inclusive of the date of the Annual General Meeting.

___________________________________________________________________Annual Report 2014-15


EXPLANATORY STATEMENT PURSUANT TO SECTION 102 OF THE COMPANIES ACT, 2013

ITEM NO. 4

The Board of Directors, at its meeting held on 14th November, 2014, appointed Mr. Niraj Singh as an Additional Director of the

Company with effect from 14th November, 2014, pursuant to Section 161 of the Companies Act, 2013, read with Article 69 of the

Articles of Association of the Company.

Pursuant to the provisions of Section 161 of the Companies Act, 2013, Mr. Niraj Singh will hold office up to the date of the

ensuing AGM. The Company has received notice in writing under the provisions of Section 160 of the Companies Act, 2013,

from himself, along with a deposit of Rs. 1,00,000/- proposing the candidature of himself for the office of Independent Director,

to be appointed as such under the provisions of Section 149 of the Companies Act, 2013.

The Company has received from Mr. Niraj Singh (i) consent in writing to act as director in Form DIR 2 pursuant to Rule 8 of

Companies (Appointment & Qualification of Directors) Rules 2014, (ii) intimation in Form DIR 8 in terms of Companies

(Appointment & Qualification of Directors) Rules, 2014, to the effect that he is not disqualified under Sub-section (2) of Section

164 of the Companies Act, 2013, and (iii) a declaration to the effect that he meets the criteria of independence as provided in

Sub-section (6) of Section 149 of the Companies Act, 2013.

The resolution seeks the approval of members for the appointment of Mr. Niraj Singh Gupta as an Independent Director of the

Company for a period up to 13th November, 2019 pursuant to Section 149 and other applicable provisions of the Companies Act,

2013 and the Rules made thereunder. He will not be liable to retire by rotation.

In the opinion of the Board, Mr. Niraj Singh, the Independent Director proposed to be appointed, fulfills the conditions specified

in the Companies Act, 2013 and the Rules made thereunder and he is independent of the Management. A copy of the draft letter

for the appointment of Mr. Niraj Singh as an Independent Director setting out the terms and conditions is available for

inspection without any fee by the members at the Company's registered office during normal business hours on working days

up to the date of the AGM.

No director, key managerial personnel or their relatives, except Mr. Niraj Singh, to whom the resolution relates, is interested or

concerned in the resolution.

The Board recommends the resolution set forth in Item no. 4 for the approval of the members.

Registered Office

160 (Basement), Vinoba

Puri, Lajpat Nagar-II,

New Delhi 110024



Kulbhushan Parashar

Whole Time Director

DIN: 02608369

Date: 31.08.2015

Place: New Delhi

___________________________________________________________________Annual Report 2014-15


REPORT OF BOARD OF DIRECTORS

To The Members,

Your Directors are pleased to present their Sixth Annual Report on the business and operations of the Company and the

accounts for the financial year ended 31 March 2015.

FINANCIAL RESULT

(Rupees in Lacs)

Sr. No. Particulars F.Y. 2015 F.Y. 2014

1 Net Sales/ Income From Operation 795.93 307.2

2 Operating Expenditure 794.56 304.83

3 Operating Profit 1.37 2.37

4 Add: Other Income 0.03 0.0

5 Less: Finance Cost 0.04 0.04

6 Profit before Depreciation and Tax 1.36 2.33

7 Less: Depreciation/ Amortization / Impairment 0.52 0.25

8 Profit Before Tax 0.84 2.08

9 Less: Tax Expanses 0.27 0.64

10 Net Profit/ Loss after Tax 0.53 1.44

REVIEW OF OPERATION

The Board is pleased to inform you that during the financial year 2014-15 the operating revenue from business increased to Rs.

447.57 lacs as compared to Rs. 302.01 lacs in the previous year. The profit after tax for the year is Rs. 0.59 lacs during the

financial year 2014-15 compared to Rs. 1.44 lacs during financial year 2013-14. Your Company hopes to increase its presence in

other geographical market in the coming years, which would significantly increase the top line and also its profitability.

DIVIDEND

The Board of Directors of your Company is of the opinion that keeping in view the future fund requirements of the Company.

Your Directors have not recommended any dividend on equity shares for the year under review. The Board assures you to

present a much strong financial statements in coming years.

TRASFER TO RESERVES

During the financial year 2014-15 an amount of Rs. 0.53 lacs (Rs. 1.44 lacs last year) has been transferred to General Reserve.

AUDITORS

• STATUTORY AUDITORS

The Members of the Company had at its 05th Annual General Meeting held on 25th September 2014 approved the

appointment of M/s. Rishi Arora & Associates, Chartered Accountants having registration No. 027766N as the Statutory

Auditor of the Company, upto the conclusion of Ninth Annual General Meeting (AGM) and offer themselves for re-

appointment. The said Auditors have furnished the Certificate of their eligibility for re-appointment.

In view of the rule 3(7) of Companies (Audit and Auditors) Rules, 2014, the existing appointment of M/s. Rishi Arora &

associates, Chartered Accountants, covering the period from the conclusion of this ensuing AGM until the conclusion of the

next Annual to be held in the financial year 2016-17, is being placed for members’ ratification.

The Board recommends the appointment of M/s Rishi Arora & Associates, Chartered Accountants the Statutory Auditors of

the Company till the financial Year 2018-19 subject to ratification of their appointment at every AGM.

As required under Section 139 of the Companies Act, 2013, the Company has obtained a written consent from the Auditors

to such continued appointment and also a certificate from them to the effect that their appointment, if ratified, would be in

accordance with the conditions prescribed under the Companies Act, 2013 and the rules made thereunder, as may be

applicable.

During the year under review, Internal Audit of the Company has been carried out by Gaurav Bansal, Chartered

Accountants, Delhi. Gaurav Bansal, Chartered Accountant, New Delhi has re-appointed as an Internal Auditor of the Company for the financial year 2015-16

• SECRETARIAL AUDITOR

M/s Vivek Kumar & Associates, Practicing Company Secretaries, was appointed to conduct the secretarial audit of the

Company for the financial year 2014-15, as required under Section 204 of the Companies Act, 2013 and Rules thereunder.

The Secretarial Audit Report for the financial year ended 31st March, 2015 is annexed herewith and marked as Annexure I

to this Report. The Secretarial Audit Report does not contain any qualification, reservation or adverse remark.

• During the year under review, Internal Audit of the Company has been carried out by Gaurav Bansal, Chartered

Accountants, New Delhi.

___________________________________________________________________Annual Report 2014-15


AUDITORS’ REPORT

The Auditors’ report on the financial statement for the financial year 2014-15 is self explanatory.

SECRETARIAL AUDITORS’ REPORT

The Secretarial Auditors’ Report on the compliances of all the laws which are applicable on the Company for the financial year

2014-15 is self explanatory.

DIRECTORATE

Mr. Niraj Singh appointed as additional non executive Independent Director of the Company for a period of five years with

effect from 14th November, 2014 on the recommendation of Nomination & Remuneration Committee and his candidature for

appointment as an Independent Director has been sought from himself in the ensuing Annual General Meeting of the Company.

The Board of Directors at its meeting held on 18th August, 2014 has appointed Mr. Subhash Kumar Jha as additional non

executive Director of the Company and subsequently he was regularized as Non Executive Director of the Company in the

previous Annual General Meeting of the Company held on 25th September 2014.

In accordance with the requirements of the Companies Act, 2013 and the Company’s Articles of Association, Mr. Subhash Kumar

Jha, Director of the Company, retires by rotation and shown his willingness for Re-appointment.

The Company has received declarations from all the Independent Directors of the Company confirming that they meet the

criteria of independence as prescribed under Section 149(6) of the Companies Act, 2013

Further, in compliance with the provisions of Sections 149, 152, Schedule IV and other applicable provisions, if any, of the

Companies Act, 2013 read with Companies (Appointment and Qualification of Directors) Rules, 2014, Mr. Arun Saldi and Mr.

Ramesh Kashyap were appointed as Independent Directors on the Board of Directors of your Company at the 05th Annual

General Meeting of your Company held on 25th September, 2014 to hold office up to 5 (five) consecutive years from date of their

appointment. Mr. Ramesh Kashyap has been resigned from directorship of the Company on 14th November 2014. The Board

expressed its deep appreciation for the valuable services rendered by him

CHIEF FINANCIAL OFFICER AND COMPANY SECRETARY

Ms. Monica Agrawal was the Chief Financial Officer of the Company for the financial year 2014-15. However she was proposed

her resignation in the Board of Directors’ Meeting held 28th August 2015 and on the recommendation of Nomination and

Remuneration Committee Mr. Vidyanand Yadav has been appointed in the same Board of Directors’ Meeting. Mr. Kulbhushan

Parashar has been appointed as Company Secretary in place of Ms. Dashmeet Kaur on 03rd December 2014.

DETAIL OF BOARD OF DIRECTORS

Sr. No. Name of Director Designation Date of

Appointment

Date of Cessation

1. Kulbhushan Parashar Whole time

Director

28.05.2009 N.A.

2. Subhash Kumar Jha Director 18.08.2014 N.A.

3. Arun Saldi Director 01.12.2013 N.A.

4. Niraj Singh Director 14.11.2014 N.A.

5. Ruchi Director 30.03.2015 30.06.2015

6. Ramesh Kashyap Director 13.05.2013 14.11.2014

ANNUAL EVALUATION OF PERFORMANCE OF BOARD OF DIRECTORS AND ITS COMMITTEES

The Board of Directors has carried out an annual evaluation of its own performance and individual directors pursuant to the

provisions of the Companies Act, 2013. The performance of the Board was evaluated by the Board on the basis of the criteria

such as the Board composition and structure, effectiveness of Board process, information and functioning etc. The Board and

Nomination and Remuneration Committee reviewed the performance of the individual directors on the basis of the criteria

such as the contribution of individual director to the Board and committee meetings like preparedness on the issue to be

discuss, meaningful and constructive contribution and inputs in meetings, etc. In a separate meeting of independent directors,

performance of non-independent director, performance of the Board as a whole and performance of Chairman was evaluated.

NOMINATION & REMUNERATION POLICY

The Board of Directors, on the recommendation of the Nomination & Remuneration Committee framed a policy for selection

and appointment of Directors, Key Managerial Personnel, Senior Management and their remuneration as required under

Section 178 of the Companies Act, 2013. The Nomination & Remuneration Policy of the Company is annexed herewith and

marked as Annexure II to this Report.

EFFICIENT INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

Adequate internal controls have been laid down by the Company to safeguard and protect its assets as well as to improve the

overall productivity of its operations. All the transactions are properly authorized, recorded and reported to the management.

The Company is following all the applicable Accounting Standards for properly maintaining the books of accounts and reporting

financial statements. The detailed process of review not only ensures reliability of control systems and legal compliances with

applicable legislation, defined policies and processes but also reviews efficiency of systems and ensures safeguarding of assets.

___________________________________________________________________Annual Report 2014-15


RISK MANAGEMENT

The Company has a Risk Management Manual in place that defines the policies, lays out the strategies and methodology to

decide on the risk taking ability of the organization. The Company constantly reviews its exposure to various types of risk,

whether it be regulatory, operational, environmental, financial or political. The Company has in place adequate systems to

ensure compliance with all regulatory and statutory matters, reviews the same on a periodic basis and takes appropriate

corrective action when necessary.

CORPORATE GOVERNANCE REPORT

In pursuance of SEBI Circular CIR/CFD/POLICY CELL/7/2014 dated September 15, 2014, Clause 49 of the Listing Agreement

shall be applicable those companies having paid up equity share capital exceeding Rs.10 crore and Net Worth exceeding Rs.25

crore, as on the last day of the previous financial year. The paid up share capital and net worth of your company do not come

under the purview of applicability of clause 49 of Listing Agreement i.e. Corporate Governance. Therefore separate report of

corporate governance is not attached herewith.

In spite of above said SEBI circular, Your Company adopts best practices for corporate governance, disclosure standard and

enhanced shareholder value while protecting the interest of all other stakeholders including clients, its employee. This has

enabled your Company to earn the trust and goodwill of its investors, business partners, employees and the communities in

which it operates. Your directors believe that Company profitability must go hand in hand with a sense of responsibility

towards all stakeholders, employee and communities.

COMMITTEES OF THE BOARD

The Committees of the Board focus on certain specific areas and make informed decisions in line with the delegated authority.

The following substantive Committees constituted by the Board function according to their respective roles and defined scope:

• Audit Committee of Directors

• Nomination and Remuneration Committee

• Stakeholder Relationship Committee

DIRECTOR’S RESPONSIBILITY STATEMENT IN PURSUANCE OF SECTION 134(3)(C) OF THE COMPANIES ACT, 2013

The financial statements are prepared in accordance with the Accounting standard 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). There are no material departures

from prescribed accounting standards in the adoption of these standards.

The directors confirm that:

• In preparation of the annual accounts for the financial year ended March 31, 2015, the applicable accounting standards

have been followed.

• The directors have selected such accounting policies and applied them consistently and made judgments and estimates

that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the

financial year and of the profit and loss of the Company for that period.

• The directors have taken proper and sufficient care towards the maintenance of adequate accounting records in

accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting

fraud and other irregularities.

• The directors have prepared the annual accounts on a going concern basis.

• The directors have laid down internal financial controls, which are adequate and are operating effectively.

• The directors have devised proper systems to ensure compliance with the provisions of all applicable laws and such

systems are adequate and operating effectively.

SHIFTING OF REGISTERED OFFICE

During the year, Your Company has shifted the registered office of the Company From 27/5, Basement, East Patel Nagar, New

Delhi 110008 to 160, (Basement), Vinoba Puri, Lajpat Nagar-II, New Delhi 110024 within the same city with effect from 01st

January, 2015.

PARTICULARS OF EMPLOYEES

During the year under review no employee is covered as per rules 5(2) & (3) of the Companies (Appointment and

Remuneration of Managerial Personnel) Rules, 2014, therefore no statement is required be given showing the names and other

particulars of the employees drawing remuneration in excess of the limits set out in the said rules are not applicable.

PARTICULARS OF REMUNERATION

The information required under Section 197(12) of the Companies Act, 2013 read with Rule 5(1) of the Companies

(Appointment and Remuneration of Managerial Personnel) Rules, 2014

i) the ratio of the remuneration of each Director to the median remuneration of the employees of the Company for the financial

year 2014-15:

Name of Director Total Remuneration in Rs. Ratio of remuneration of director

to the Median remuneration

Kulbhushan Parashar1 240,000 4.17

Kulbhushan Parashar2 720,000 1.39

___________________________________________________________________Annual Report 2014-15


Note:

1Remuneration was paid only for four months 2Asumption that if Remuneration was paid for whole year.

Median Remuneration of all employees is Rs. 172,500 for financial year 2014-15.

ii) the percentage increase in remuneration of each Director, Chief Financial Officer, Chief Executive Officer, Company Secretary

or Manager, if any, in the financial year 2014-15:

Name of Person Designation Increase in remuneration

Mr. Kulbhushan Parashar1 Whole time Director & Company Secretary N.A.

Ms. Monica Agarwal2 Chief Financial Officer N.A.

Ms. Dashmeet Kaur3 Company Secretary N.A.

Note: 1 Remuneration was paid only for four months Rs. 2.40 Lacs during the financial year 2014-15 and he has not drawn any remuneration for financial

year 2013-14 therefore increase in remuneration is not provided. 2 Ms. Monica Agarwal was appointed as Chief Financial officer on 25th August 2014. Therefore Increase in remuneration is not provided. However

she has drawn 1.80 lacs remuneration in financial year 2014-15. 3 Ms. Dashmeet Kaur was appointed on 01st January 2014 and resigned on 03rd December 2014 therefore increase in remuneration is not provided.

iii) the percentage increase in the median remuneration of employees in the financial year 2014-15: (4.17%)

iv) the number of permanent employees on the rolls of company: 6

v) the explanation on the relationship between average increase in remuneration and company performance:

During the financial year 2014-15, Company has paid Rs. 967,500 as remuneration to the employees as compared to Rs.

238,000 in the previous financial year. The Company has registered Rs. 52549.25 profit for the financial year 2014-15 as

compared to Rs. 143655.56 in the previous financial year.

vi) comparison of the remuneration of the Key Managerial Personnel against the performance of the Company:

Particulars Rs. In Lacs

Remuneration paid to Key Managerial Personnel (KMP) during the year 5.10

Total Revenue 795.96

Remuneration (as % of revenue) 0.64

Profit before tax (PBT) 0.80

Remuneration (as % of PBT) 637.50

vii) variations in the market capitalisation of the Company, price earnings ratio as at the closing date of the current financial

year and previous financial year and percentage increase over decrease in the market quotations of the shares of the Company

in comparison to the rate at which the Company came out with the last public offer, the variations in the net worth of the

Company as at the close of the current financial year and previous financial year:

Particulars Unit As at 31st March, 2015 As at 31st March, 2014 Variation

Closing rate of share at BSE Rs. 9.60 12.45 22.89

Net Worth Rs./Lac 491.18 490.68 0.10

Market Capitalization Rs./Lac 467.25 605.97 (22.89)

Price Earnings Ratio Rs. 960 415 131.33

Particulars Unit As at 31st March, 2015 Variation

Closing rate of share at BSE Rs. 9.60

4.00% Price at the time of initial

public offer in 2014

Rs. 10.00

viii) average percentile increase already made in the salaries of employees other than the managerial personnel in the last

financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and

point out if there are any exceptional circumstances for increase in the managerial remuneration:

Amount in Lacs

2014-15 2013-14 Increase/Decrease in %

Average Salary of Employee other than key Managerial

Personnel (Per Annum)

209375 198333 5.57

Remuneration paid Mr. Kulbhushan Parashar, Whole Time

Director, Ms. Monica Agarwal, CFO and Ms. Dashmeet Kaur,

Company Secretary

510000 218000 133.94

Note:

(Mr. Kulbhushan Parashar, Whole Time Director has not drawn any remuneration during the financial year 2013-14.)

___________________________________________________________________Annual Report 2014-15


(Ms. Monica Agrawal, Chief Financial Officer of the Company appointed from 25.08.2014, Earlier she was designated as Manager Finance)

(Ms. Dashmeet Kaur was appointed on 01st January 2014 and resigned on 03rd December 2014)

ix) comparison of the each remuneration of the Key Managerial Personnel against the performance of the Company:

Amount in Lacs

Particulars Mr. Kulbhushan

Parashar

Ms. Monica Agarwal Ms. Dashmeet Kaur

Remuneration paid to Key Managerial

Personnel (KMP) during the year

2.40 1.80 0.90

Total Revenue 795.96 795.96 795.96

Remuneration (as % of revenue) 0.30 0.23 0.11

Profit before tax (PBT) 0.80 0.80 0.80

Remuneration (as % of PBT) 300.00 225 112.50 Note:

Remuneration paid to Mr. Kulbhushan Parashar only for four months during the financial year 2014-15.

Ms. Monica Agarwal was appointed as Chief Financial officer on 25th August 2014. Earlier she was designated as Manager Finance.

Ms. Dashmeet Kaur was appointed on 01st January 2014 and resigned on 03rd December 2014 therefore increase in remuneration is not provided.

x) the key parameters for any variable component of remuneration availed by the Directors:

The key parameters for the variable component of remuneration, if any, availed by the Directors are considered by the Board of

Directors based on the recommendations of the Nomination and Remuneration Committee as per the Nomination &

Remuneration Policy for Directors.

xi) the ratio of remuneration of the highest paid Director to that of the employees who are not Directors but receivable

remuneration in excess of the highest paid director during the year:

Mr. Kulbhushan Parashar, Whole time Director has drawn remuneration for part of the financial year therefore ratio of

remuneration of the highest paid Director to that of the employees who are not Directors but receivable remuneration in excess

of the highest paid director during the year is not ascertainable as no employee is getting remuneration in excess of the highest

paid director. However Rs. 2.40 Lacs paid to Mr. Kulbhushan Parashar only for four months and Mr. Amit Puri, Administration

Manager drawn 3.55 lacs in the financial year 2014-15 .

xii) affirmation that the remuneration is as per the remuneration policy of the Company:

It is hereby affirmed that the remuneration paid is as per the Nomination and Remuneration Policy of the Company.

LISTING ON THE STOCK EXCHANGE

The Company's shares are listed with BSE Limited (SME Segment) and the Company has paid the necessary listing fees for the

Financial Year 2015-16.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

There were no contracts or arrangements entered into by the Company in accordance with the Section 188 of the Companies

Act, 2013. However, there were related party transactions. All related party transactions are presented to the Audit Committee

and the Board for approval.

The policy on materiality of related party transactions and dealing with related party transactions as approved by the Board

can be accessed on the Company's website at the link: www.shrikrishnaprasadam.com

The details of the transactions with related party are provided in the accompanying financial statements.

DISCLOSURES:

A) EXTRACT OF ANNUAL RETURN

Extract of Annual Return of the Company is annexed herewith as Annexure-III to this Report.

B) MEETINGS OF THE BOARD

During the financial year ended March 31, 2015, 7 meetings of the Board of Directors were held as against the statutory

minimum requirement of 4 times. None of the two Board Meetings have a gap of more than 120 days between them. The dates

of meetings are mentioned below:

Sr. No. Date Sr. No. Date

1. 30.05.2014 5. 03.12.2014

2. 18.08.2014 6. 31.12.2014

3. 25.08.2014 7. 30.03.2015

4. 14.11.2014

___________________________________________________________________Annual Report 2014-15


C) COMPOSITION OF AUDIT COMMITTEE

The Audit Committee as on date comprises of three members, including one is Whole Time Director viz. Mr. Kulbhushan

Parashar and two are Non executive Independent director viz. Arun Saldi, Mr. Niraj Singh. Presently, Mr. Niraj Singh is heading

the Committee.

D) COMPOSITION OF NOMINATION AND REMUNERATION COMMITTEE

The Nomination and Remuneration Committee as on date comprises of three members, viz. Mr. Niraj Singh, Mr. Arun Saldi, and

Mr. Subhash Kumar Jha and Mr. Arun Saldi. Mr. Arun Saldi is heading the Committee.

E) COMPOSITION OF STAKEHOLDER RELATIONSHIP COMMITTEE

The Stakeholder Relationship Committee as on date comprises of three members, including one is Whole Time Director viz. Mr.

Kulbhushan Parashar, Whole Time Director, Mr. Niraj Singh, non executive independent director and Mr. Subhash Kumar Jha

non executive director. Mr. Niraj Singh is heading the Committee.

F) VIGIL MACHANISM/WHISTLE BLOWER POLICY

Pursuant to Section 177 of the Companies Act, 2013, the Board of Directors at its meeting held on 14th August, 2014 has

adopted a vigil mechanism/whistle blower policy of the Company. The policy provides a framework for directors and

employees to report genuine concerns about unethical behavior, actual or suspected fraud or violation of the Company's code of

conduct or ethics policy. Protected disclosures can be made by a whistle blower through an email or to the Chairman of the

Audit Committee. The vigil mechanism/whistle blower policy can be accessed on the Company's website at the link:

www.shrikrishnaprasadam.com

G) DISCLOSURE AS PER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND

REDRESSAL) ACT, 2013

The Company has zero tolerance towards sexual harassment at workplace and during the year under review, your Board has

constituted an Internal Complaints Committee to consider and redress complaints of sexual harassment & also adopted a policy

on prevention, prohibition and redressal of sexual harassment at workplace in line with the provisions of Sexual Harassment of

Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the rules framed thereunder.

During the financial year 2014-15, the Company has received no complaints on sexual harassment.

H) PATICULARS OF LOANS GIVEN, INVESTMENT MADE, GUARANTEES GIVEN AND SECURITY PROVIDED

Particulars of loans given, investments made, guarantees given and securities are provided in the financial statements.

I) GENERAL

Your Directors state that no disclosure or reporting is required in respect of the following items as there were no transactions

on these items during the year under review:

• Details relating to deposits covered under Chapter V of the Companies Act, 2013.

• Issue of equity shares with differential rights as to dividend, voting or otherwise.

• Issue of shares (including sweat equity shares) to employees of the Company under any scheme.

• The Managing Directors of the Company did not receive any remuneration or commission from subsidiary.

• No significant or material orders were passed by the Regulators or Courts or Tribunals which impact the going

concern status and Company's operations in future.

SUBSIDIARY COMPANY

The Company has no subsidiary.

A. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION

(i) the steps taken or impact on conservation of energy: Your Company is conscious about its responsibility to conserve energy,

power and other energy sources wherever possible. We emphasis towards a safe and clean environment and continue to

adhere to all regulatory requirements and guidelines.

(ii) the steps taken by the company for utilising alternate sources of energy; The Company has been taking energy

saving measures viz., Use of energy saver electrical equipments, LED fittings are provided inside the building for common area

lighting in the projects of the Company, Efficient ventilation system in offices and the projects of the Company.

(iii) the capital investment on energy conservation equipments; Your company has nil capital investment on energy

conservation equipments.

B. Technology absorption-

(i) the efforts made towards technology absorption; N.A.

(ii) the benefits derived like product improvement, cost reduction, product development or import substitution; N.A.

(iii) in case of imported technology (imported during the last three years reckoned from the beginning of the financial year)-

N.A.

___________________________________________________________________Annual Report 2014-15


(a) the details of technology imported;

(b) the year of import;

(c) whether the technology been fully absorbed;

(d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof; and

C. FOREIGN EXCHANGE EARNINGS AND OUTGO

Detail of Foreign exchange earnings and outgo of your Company is below mentioned:

Particulars FY 2015 FY 2014

Foreign Exchange earning Nil Nil

Foreign Exchange outflow Nil Nil

ACKNOWLEDGEMENTS

On behalf of the Directors of the Company, We would like to place on record our deep appreciation to our Shareholders,

Customers, Business Partners, Vendors, Bankers. The Directors are thankful to the Government of India and the various

Ministries, the State Governments and the various Ministries, Regulatory authorities, communities in the neighbourhood of our

operations.

We also appreciate and value the contributions made by all our employees for making Shri Krishna Prasadam Limited what it is.

Registered Office

160 (Basement), Vinoba

Puri, Lajpat Nagar-II

New Delhi 110024

Niraj Singh

Director

DIN: 03518079



Kulbhushan Parashar

Whole Time Director

DIN: 02608369

Date: 31.08.2015

Place: New Delhi

___________________________________________________________________Annual Report 2014-15


Annexure I to the Board of Directors’ Report

SECRETARIAL AUDIT REPORT

[Pursuant to section 204(1) of the Companies Act, 2013, and rule 9 of the

Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014]

To,

The Members


160 (Basement), Vinoba Puri, Lajpat Nagar-II,

New Delhi 110024

We have conducted the secretarial audit of the compliance of applicable statutory provisions and the adherence to good

corporate practices Shri Krishna Prasadam Limited (hereinafter called the Company) for the financial year 2014-15. Secretarial

Audit was conducted in a manner that provided us a reasonable basis for evaluating the corporate conducts / statutory

compliances and expressing our opinion thereon.

Based on our verification of the Shri Krishna Prasadam Limited books, papers, minute books, forms and returns filed and other

records maintained by the company and also the information provided by the Company, its officers, agents and authorized

representatives during the conduct of secretarial audit, We hereby report that in our opinion, the company has, during the audit

period covering the financial year ended on 31st day of March 2015 complied with the statutory provisions listed hereunder

and also that the Company has proper Board-processes and compliance- mechanism in place to the extent, in the manner and

subject to the reporting made hereinafter:

We have examined the books, papers, minute books, forms and returns filed and other records maintained by Shri Krishna

Prasadam Limited (“the Company”) for the financial year ended on 31st day of March 2015 according to the provisions of:

i. The Companies Act, 2013 (the Act) and the rules made thereunder;

ii. The Securities Contracts (Regulation) Act, 1956 (‘SCRA’) and the rules made thereunder;

iii. The Depositories Act, 1996 and the Regulations and Bye-laws framed thereunder;

iv. Foreign Exchange Management Act, 1999 and the rules and regulations made thereunder to the extent of Foreign

Direct Investment, Overseas Direct Investment and External Commercial Borrowings;

v. The following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act, 1992

(‘SEBI Act’):-

a) The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;

b) The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992;

c) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009;

d) The Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme)

Guidelines, 1999;

e) The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008;

f) The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993

regarding the Companies Act and dealing with client;

g) The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009; and

h) The Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998;

vi. No other law is applicable on the Company.

We have also examined compliance with the applicable clauses of the following:

(i) The Listing Agreements entered into by the Company with Bombay Stock Exchange Limited.

During the period under review the Company has generally complied with the provisions of the Act, Rules, Regulations,

Guidelines, Standards, etc. mentioned above.

We further report that-

The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non- Executive Directors

and Independent Directors. The changes in the composition of the Board of Directors that took place during the period under

review were carried out in compliance with the provisions of the Act.

Adequate notice is given to all directors to schedule the Board Meetings, agenda and detailed notes on agenda were sent at least

seven days in advance, and a system exists for seeking and obtaining further information and clarifications on the agenda items

before the meeting and for meaningful participation at the meeting.

___________________________________________________________________Annual Report 2014-15


As per the Minutes of the Board of Directors duly recorded and signed by the Chairman, the decisions were unanimous and no

dissenting views were required to be recorded.

Majority decisions at the meetings of the Board of Directors of the Company were carried through on the basis of majority.

There were no dissenting views by any member of the Board of Directors during the period under review.

We further report that there are adequate systems and processes in the company commensurate with the size and operations

of the company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.

We further report that during the audit period the Company has not been involved in any major activity in pursuance of the

above referred laws, rules, regulations, guidelines, standards, etc.

For V. Kumar & Associates

Vivek Kumar

Practicing Company Secretary

M. No. 21295

C. P. 10438

Place: New Delhi

Date: August 21, 2015

___________________________________________________________________Annual Report 2014-15


ANNEXURE [II] TO BOARD OF DIRECTORS’ REPORT

NOMINATION AND REMUNERATION POLICY

I. GUIDING PRINCIPLES

The Policy ensures that

� The level and composition of remuneration is reasonable and sufficient to attract, retain and motivate Directors of the

quality required to run the Company successfully;

� Relationship of remuneration to performance is clear and meets appropriate performance benchmarks and

� Remuneration to Directors, Key Managerial Personnel and Senior Management involves a balance between fixed and

incentive pay reflecting short and long term performance objectives appropriate to the working of the Company and

its goals.

II. ROLE OF THE COMMITTEE

The role of the Committee inter alia will be the following:

� To formulate a criteria for determining qualifications, positive attributes and independence of a Director.

� Formulate criteria for evaluation of Independent Directors and the Board.

� Identify persons who are qualified to become Directors and who may be appointed in Senior Management in

accordance with the criteria laid down in this policy.

� To carry out evaluation of every Director’s performance.

� To recommend to the Board the appointment and removal of Directors and Senior Management.

� To recommend to the Board policy relating to remuneration for Directors, Key Managerial Personnel and Senior

Management.

� Ensure that level and composition of remuneration is reasonable and sufficient, relationship of remuneration to

performance is clear and meets appropriate performance benchmarks.

� To devise a policy on Board diversity.

III. FREQUENCY OF THE MEETINGS

The meeting of the Committee shall be held at such regular intervals as may be required.

IV. APPOINTMENT AND REMOVAL OF DIRECTOR, KMP AND SENIOR MANAGEMENT

Appointment criteria and qualifications:

� The Committee shall identify and ascertain the integrity, qualification, expertise and experience of the person for

appointment as Director, KMP or at Senior Management level and recommend to the Board his / her appointment.

� A person should possess adequate qualification, expertise and experience for the position he / she is considered for

appointment. The Committee has discretion to decide whether qualification, expertise and experience possessed by a

person are sufficient / satisfactory for the concerned position.

� The Company shall not appoint or continue the employment of any person as Managing Director/Whole-time

Director/Manager who has attained the age of seventy years. Provided that the term of the person holding this

position may be extended beyond the age of seventy years with the approval of shareholders by passing a special

resolution based on the explanatory statement annexed to the notice for such motion indicating the justification for

extension of appointment beyond seventy years.

Term / Tenure:

Managing Director/Whole-time Director/Manager (Managerial Person):

� The Company shall appoint or re-appoint any person as its Managerial Person for a term not exceeding five years at a

time. No re-appointment shall be made earlier than one year before the expiry of term.

Independent Director:

� An Independent Director shall hold office for a term up to five consecutive years on the Board of the Company and will

be eligible for re-appointment on passing of a special resolution by the Company and disclosure of such appointment

in the Board's report.

� No Independent Director shall hold office for more than two consecutive terms, but such Independent Director shall

be eligible for appointment after expiry of three years of ceasing to become an Independent Director. Provided that an

Independent Director shall not, during the said period of three years, be appointed in or be associated with the

Company in any other capacity, either directly or indirectly. However, if a person who has already served as an

Independent Director for 5 years or more in the Company as on 1 October, 2014 or such other date as may be

determined by the Committee as per regulatory requirement, he / she shall be eligible for appointment for one more

term of 5 years only.

� At the time of appointment of Independent Director it should be ensured that number of Boards on which such

Independent Director serves is restricted to seven listed companies as an Independent Director and three listed

companies as an Independent Director in case such person is serving as a Whole-time Director of a listed company or

such other number as may be prescribed under the Act.

Evaluation:

� The Committee shall carry out evaluation of performance of every Director,

� KMP and Senior Management on yearly basis or as when required.

___________________________________________________________________Annual Report 2014-15


Removal:

Due to reasons for any disqualification mentioned in the Companies Act, 2013, rules made thereunder or under any other

applicable Act, rules and regulations, the Committee may recommend, to the Board with reasons recorded in writing,

removal of a Director, KMP or Senior Management subject to the provisions and compliance of the said Act, rules and

regulations.

Retirement:

The Director, KMP and Senior Management shall retire as per the applicable provisions of the Companies Act, 2013 and the

prevailing policy of the Company. The Board will have the discretion to retain the Director, KMP, Senior Management in the

same position / remuneration or otherwise even after attaining the retirement age, for the benefit of the Company.

V. PROVISIONS RELATING TO REMUNERATION OF MANAGERIAL PERSON, KMP AND SENIOR MANAGEMENT

1. General:

� The remuneration / compensation / commission etc. to Managerial Person, KMP and Senior Management Personnel

will be determined by the Committee and recommended to the Board for approval. The remuneration / compensation

/ commission etc. shall be subject to the prior/post approval of the shareholders of the Company and Central

Government, wherever required.

� The remuneration and commission to be paid to Managerial Person shall be as per the statutory provisions of the

Companies Act, 2013, and the rules made thereunder for the time being in force.

� Increments to the existing remuneration / compensation structure may be recommended by the Committee to the

Board which should be within the slabs approved by the Shareholders in the case of Managerial Person. Increments

will be effective from the date of reappointment in respect of Managerial Person and 1st April in respect of other

employees of the Company.

2. Remuneration to Managerial Person, KMP and Senior Management:

� Fixed pay:

Managerial Person, KMP and Senior Management shall be eligible for a monthly remuneration as may be approved by

the Board on the recommendation of the Committee in accordance with the statutory provisions of the Companies Act,

2013, and the rules made thereunder for the time being in force and also depend on the financial position of Company.

� Minimum Remuneration:

If, in any financial year, the Company has no profits or its profits are inadequate, the Company shall pay remuneration

to its Managerial Person in accordance with the provisions of Schedule V of the Companies Act, 2013 and if it is not

able to comply with such provisions, with the prior approval of the Central Government.

� Provisions for excess remuneration:

If any Managerial Person draws or receives, directly or indirectly by way of remuneration any such sums in excess of

the limits prescribed under the Companies Act, 2013 or without the prior sanction of the Central Government, where

required, he / she shall refund such sums to the Company and until such sum is refunded, hold it in trust for the

Company. The Company shall not waive recovery of such sum refundable to it unless permitted by the Central

Government.

3. Remuneration to Non-Executive / Independent Director:

� Remuneration / Commission:

The remuneration / commission shall be in accordance with the statutory provisions of the Companies Act, 2013, and

the rules made thereunder for the time being in force.

� Sitting Fees:

The Non- Executive / Independent Director may receive remuneration by way of fees for attending meetings of Board

or Committee thereof. Provided that the amount of such fees shall not exceed the maximum amount as provided in the

Companies Act, 2013, per meeting of the Board or Committee or such amount as may be prescribed by the Central

Government from time to time.

� Limit of Remuneration /Commission:

Remuneration /Commission may be paid within the monetary limit approved by shareholders, subject to the limit not

exceeding 1% of the net profits of the Company computed as per the applicable provisions of the Companies Act, 2013.

� Stock Options:

An Independent Director shall not be entitled to any stock option of the Company.

VI. REVIEW AND AMENDMENT

� The Committee or the Board may review the Policy as and when it deems necessary.

� The Committee may issue the guidelines, procedures, formats, reporting mechanism and manual in supplement and

better implementation to this Policy, if it thinks necessary.

� This Policy may be amended or substituted by the Committee or by the Board as and when required and also by the

Compliance Officer where there is any statutory changes necessitating the change in the policy.

___________________________________________________________________Annual Report 2014-15


ANNEXURE [III] TO BOARD OF DIRECTORS’ REPORT

FORM NO. MGT 9

EXTRACT OF ANNUAL RETURN

As on financial year ended on 31.03.2015

Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Company (Management & Administration) Rules,

2014.

I. REGISTRATION & OTHER DETAILS:

1 CIN L70200DL2009PLC190708

2 Registration Date 28.05.2009

3 Name of the Company Shri Krishna Prasadam Limited

4 Category/Sub-category of the Company Company Limited By Shares

Indian Non Government Company

5 Address of the Registered office & contact details 160, (Basement), Vinoba Puri, Lajpat Nagar-II, New Delhi-110024, Phone No. 011-

2983 2714

6 Whether listed company Yes, Listed at BSE (SME Segment), Scrip Code 537954

7 Name, Address & contact details of the Registrar &

Transfer Agent, if any. M/s Skyline Financial Services Private Limited

1st Floor, D-153A, Okhla Industrial Area, Phase I, New Delhi

Pin Code 110 020, INDIA

Ph. No. 011 2681 2682, 6473 2681

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

(All the business activities contributing 10 % or more of the total turnover of the company shall be stated)

S.

No.

Name and Description of main products /

services

NIC Code of the

Product/service

% to total turnover of the company

1 Trading of Agriculture Produce 46 94.17

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES

SN Name and address of the

Company

CIN/GLN Holding/

Subsidiary/

Associate

% of

shares

held

Applicable

Section

1 N.A. N.A. N.A. N.A. N.A.

IV. SHARE HOLDING PATTERN

(Equity share capital breakup as percentage of total equity)

(i) Category-wise Share Holding

Category of

Shareholders

No. of Shares held at the beginning of the year

[As on 31-March-2014]

No. of Shares held at the end of the year

[As on 31-March-2015]

%

Change

during

the year Demat Physical Total % of Total

Shares

Demat Physical Total % of

Total

Shares

A. Promoters

(1) Indian

a) Individual/ HUF 400000 629790 1029790 21.16 1029790 0 1029790 21.16 0.00

b) Central Govt 0 0 0 0.00 0 0 0 0.00 0.00

c) State Govt(s) 0 0 0 0.00 0 0 0 0.00 0.00

d) Bodies Corp. 0 271600 271600 5.58 271600 0 271600 5.58 0.00

e) Banks / FI 0 0 0 0.00 0 0 0 0.00 0.00

f) Any other 0 0 0 0.00 0 0 0 0.00 0.00

Sub Total (A) (1) 400000 901390 1301390 26.74 1301390 0 1301390 26.74 0.00

(2) Foreign

a) NRI Individuals 0 0 0 0.00 0 0 0 0.00 0.00

b) Other Individuals 0 0 0 0.00 0 0 0 0.00 0.00

c) Bodies Corp. 0 0 0 0.00 0 0 0 0.00 0.00

d) Any other 0 0 0 0.00 0 0 0 0.00 0.00

Sub Total (A) (2) 0 0 0 0.00 0 0 0 0.00 0.00

TOTAL (A) 400000 901390 1301390 26.74 1301390 0 1301390 26.74 0.00

___________________________________________________________________Annual Report 2014-15


B. Public

Shareholding

1. Institutions

a) Mutual Funds 0 0 0 0.00 0 0 0 0.00 0.00

b) Banks / FI 0 0 0 0.00 0 0 0 0.00 0.00

c) Central Govt 0 0 0 0.00 0 0 0 0.00 0.00

d) State Govt(s) 0 0 0 0.00 0 0 0 0.00 0.00

e) Venture Capital

Funds

0 0 0 0.00 0 0 0 0.00 0.00

f) Insurance

Companies

0 0 0 0.00 0 0 0 0.00 0.00

g) FIIs 0 0 0 0.00 0 0 0 0.00 0.00

h) Foreign Venture

Capital Funds

0 0 0 0.00 0 0 0 0.00 0.00

i) Others (specify) 0 0 0 0.00 0 0 0 0.00 0.00

Sub-total (B)(1):- 0 0 0 0.00 0 0 0 0.00 0.00

2. Non-Institutions

a) Bodies Corp.

i) Indian 40000 0 40000 0.82 140840 0 140840 2.89 252.10

ii) Overseas 0 0 0 0.00 0 0 0 0.00 0.00

b) Individuals

i) Individual

shareholders

holding nominal

share capital upto

Rs. 1 lakh

940000 420200 1360200 27.95 994160 375200 1369360 28.13 0.67

ii) Individual

shareholders

holding nominal

share capital in

excess of Rs 1 lakh

550000 1360600 1910600 39.25 720000 1190600 1910600 39.25 0.00

c) Others (specify)

HUF 120000 25000 145000 2.98 140000 5000 145000 2.98 0.00

Overseas Corporate

Bodies

0 0 0 0.00 0 0 0 0.00 0.00

Foreign Nationals 0 0 0 0.00 0 0 0 0.00 0.00

Market Maker 110000 0 110000 2.26 0 0 0 0.00 -100.00

Trusts 0 0 0 0.00 0 0 0 0.00 0.00

Foreign Bodies - D R 0 0 0 0.00 0 0 0 0.00 0.00

Sub-total (B)(2):- 1760000 1805800 3565800 73.26 1995000 1570800 3565800 73.26 0.00

Total Public (B) 1760000 1805800 3565800 73.26 1995000 1570800 3565800 73.26 0.00

C. Shares held by

Custodian for

GDRs & ADRs

0 0 0 0.00 0 0 0 0.00 0.00

Grand Total

(A+B+C)

2160000 2707190 4867190 100.00 3296390 1570800 4867190 100.00 0.00

___________________________________________________________________Annual Report 2014-15


(ii) Shareholding of Promoter

SN Shareholder’s Name Shareholding at the beginning of the year Shareholding at the end of the year % change

in

sharehold

ing during

the year No. of

Shares

% of total

Shares of

the

company

% of Shares

Pledged/

encumbered to

total shares

No. of Shares % of total

Shares of

the

company

% of Shares

Pledged /

encumbered to

total shares

1 Harpreet Parashar 266060 5.47 0.00 266060 5.47 0.00 0.00

2 Kulbhushan Parashar 389030 7.99 0.00 389030 7.99 0.00 0.00

3 Kulbhushan Parashar HUF 374700 7.70 0.00 374700 7.70 0.00 0.00

4 KPCorp Consultants

Private Limited 271600 5.58 0.00 271600 5.58 0.00

0.00

(iii) Change in Promoters’ Shareholding (please specify, if there is no change)

SN Particulars Date Reason Shareholding Cumulative Shareholding during

the year

No. of shares % of

total

shares

No. of shares % of total

shares

1 Harpreet Parashar

At the beginning of the year 01.04.2014 Nil Movement

266060 5.47 266060 5.47

At the end of the year 31.03.2015 266060 5.47 266060 5.47

2 Kulbhushan Parashar


389030 7.99 389030 7.99


3 Kulbhushan Parashar HUF


374700 7.70 374700 7.70


4 KPCorp Consultants P. Ltd.


271600 5.58 271600 5.58


(iv) Shareholding Pattern of top ten Shareholders

(Other than Directors, Promoters and Holders of GDRs and ADRs):

SN For each of the Top 10

shareholders

Date Reason Increase/Decrease in

Shareholding

Cumulative Shareholding during

the year


shares


shares

1 Ajay Beswal

01.04.2014 Nil Movement

0 0.00 244000 5.01

31.03.2015 0 0.00 244000 5.01

2 Chand Rattan Bagri


0 0.00 170000 3.49

31.03.2015 0 0.00 170000 3.49

3 Naman Bagri


0 0.00 120000 2.47

31.03.2015 0 0.00 120000 2.47

___________________________________________________________________Annual Report 2014-15


4 Amrapali Aadya Trading

Investment Pvt. Ltd.

01.04.2014 0.00 110000 2.26

04.04.2014 Sale -110000 -0.02 0 0.00

31.03.2015 0.00 0 0.00

5 Ashwini Singh


0 0.00 97560 2.00

31.03.2015 0 0.00 97560 2.00

6 Veerpal Singh


0 0.00 97560 2.00

31.03.2015 0 0.00 97560 2.00

7 Reena Singh


0 0.00 97560 2.00

31.03.2015 0 0.00 97560 2.00

8 S.K. Madhok


0 0.00 97560 2.00

31.03.2015 0 0.00 97560 2.00

9 Tarun Madhok


0 0.00 97560 2.00

31.03.2015 0 0.00 97560 2.00

10 Sanjay Rawal


0 0.00 70000 1.44

31.03.2015 0 0.00 70000 1.44

11 B.R. Jalan Securities P. Ltd

01.04.2014 0 0.00 0 0.00

11.07.2014 Purchase 10000 0.21 10000 0.21

16.01.2015 Purchase 5000 0.10 15000 0.31

13.02.2015 Purchase 40000 0.82 55000 1.13

20.02.2015 Sale -5000 -0.10 50000 1.03

20.02.2015 Purchase 15000 0.31 65000 1.34

20.03.2015 Purchase 10000 0.21 75000 1.54

27.03.2015 Purchase 10000 0.21 85000 1.75

31.03.2015 0 0.00 85000 1.75

(v) Shareholding of Directors and Key Managerial Personnel:

SN Shareholding of each

Directors and each Key

Managerial Personnel

Date Reason Shareholding Cumulative Shareholding during

the year


shares


shares

1 Kulbhushan Parashar


389030 7.99 389030 7.99

31.03.2015 389030 7.99 389030 7.99

2 Arun Saldi


0.00 0.00 0.00 0.00

31.03.2015 0.00 0.00 0.00 0.00

___________________________________________________________________Annual Report 2014-15


3 Ramesh Kashyap


0.00 0.00 0.00 0.00

14.11.2014 0.00 0.00 0.00 0.00

4 Subhash Kumar Jha


0.00 0.00 0.00 0.00

31.03.2015 0.00 0.00 0.00 0.00

5 Niraj Singh


0.00 0.00 0.00 0.00

31.03.2015 0.00 0.00 0.00 0.00

6 Monica Agrawal 0.00


0.00 0.00 0.00 0.00

31.03.2015 0.00 0.00 0.00 0.00

6 Dashmeet Kaur 0.00


0.00 0.00 0.00 0.00

03.12.2014 0.00 0.00 0.00 0.00

(Mr. Ramesh Kashyap resigned on 14.11.2014, Mr. Subhash Kumar Jha appointed on 18.08.2014, Mr. Niraj Singh appointed on 14.11.2014, Ms Monica

Agrawal appointed on 25.08.2014 and Ms. Dashmeet Kaur resigned on 03.12.2014

V. INDEBTEDNESS

Indebtedness of the Company including interest outstanding/accrued but not due for payment.

(Amt. Rs./Lacs)

Particulars Secured Loans

excluding

deposits

Unsecured Loans Deposits Total

Indebtedness

Indebtedness at the beginning of the financial year

i) Principal Amount 0.00 0.00 0.00 0.00

ii) Interest due but not paid 0.00 0.00 0.00 0.00

iii) Interest accrued but not due 0.00 0.00 0.00 0.00

Total (i+ii+iii) 0.00 0.00 0.00 0.00

Change in Indebtedness during the financial year

* Addition 0.00 349.00 0.00 349.00

* Reduction 0.00 0.00 0.00 0.00

Net Change 0.00 349.00 0.00 349.00

Indebtedness at the end of the financial year

i) Principal Amount 0.00 349.00 0.00 349.00

ii) Interest due but not paid 0.00 0.00 0.00 0.00

iii) Interest accrued but not due 0.00 0.00 0.00 0.00

Total (i+ii+iii) 0.00 349.00 0.00 349.00

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director, Whole-time Directors and/or Manager:

SN. Particulars of Remuneration Name of MD/WTD/

Manager

Total

Amount

Name Kulbhushan Parashar (Rs/Lac)

Designation Whole Time Director

1 Gross salary

(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 2.40 2.40

(b) Value of perquisites u/s 17(2) Income-tax Act, 1961 0.00 0.00

(c) Profits in lieu of salary under section 17(3) Income- tax Act, 1961 0.00 0.00

___________________________________________________________________Annual Report 2014-15


2 Stock Option 0.00 0.00

3 Sweat Equity 0.00 0.00

4

Commission 0.00

- as % of profit 0.00 0.00

- others, specify 0.00 0.00

5 Others, please specify 0.00 0.00

Total (A) 2.40 2.40

Ceiling as per the Act 10.00

B. Remuneration to other Directors

SN. Particulars of Remuneration Name of Directors Total

Amount

Arun Saldi Subhash Kumar

Jha

Niraj Singh (Rs/Lac)

1 Independent Directors

Fee for attending board committee meetings 0.00 0.00 0.00 0.00

Commission 0.00 0.00 0.00 0.00

Others, please specify 0.00 0.00 0.00 0.00

Total (1) 0.00 0.00 0.00 0.00

2 Other Non-Executive Directors

Fee for attending board committee meetings 0.00 0.00 0.00 0.00

Commission 0.00 0.00 0.00 0.00

Others, please specify 0.00 0.00 0.00 0.00

Total (2) 0.00 0.00 0.00 0.00

Total (B)=(1+2) 0.00 0.00 0.00 0.00

Total Managerial Remuneration 0.00 0.00 0.00 0.00

Overall Ceiling as per the Act 0.00

C. Remuneration to Key Managerial Personnel other than MD/Manager/WTD

SN. Particulars of Remuneration Name of Key Managerial Personnel Total

Amount

Name N.A. Monica Agrawal Dashmeet Kaur (Rs/Lac)

Designation CEO CFO CS

1 Gross salary

(a) Salary as per provisions contained in section 17(1) of the

Income-tax Act, 1961

N.A. 1.80 0.90 2.70

(b) Value of perquisites u/s 17(2) Income-tax Act, 1961 N.A. 0.00 0.00 0.00

(c) Profits in lieu of salary under section 17(3) Income- tax Act,

1961

N.A. 0.00 0.00 0.00

2 Stock Option N.A. 0.00 0.00 0.00

3 Sweat Equity N.A. 0.00 0.00 0.00

4

Commission 0.00 0.00

- as % of profit N.A. 0.00 0.00 0.00

- others, specify N.A. 0.00 0.00 0.00

5 Others, please specify N.A. 0.00 0.00 0.00

Total N.A. 1.80 0.90 2.70

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

Type Section of

the

Companies

Act

Brief Description Details of Penalty /

Punishment/

Compounding fees

imposed

Authority [RD / NCLT/

COURT]

Appeal made, if

any (give

Details)

A. COMPANY

Penalty

Punishment

____________________________________


Compounding

Penalty

Punishment

Compounding

C. OTHER OFFICERS IN DEFAULT

Penalty

Punishment

Compounding

______________________________________Annual Report 2014

ted______________________________________________

Annual Report 2014-15

______________________

___________________________________________________________________Annual Report 2014-15


INDEPENDENT AUDITOR’S REPORT

To the Members of


Report on the Financial Statements

We have audited the accompanying financial statements of SHRI KRISHNA PRASADAM LIMITED which comprise the Balance

Sheet as at March 31, 2015, and the Statement of Profit and Loss for the year then ended, and a summary of significant

accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation of these financial statements that give a true and fair view of the financial

position, financial performance and cash flows of the Company in accordance with the Accounting Standards referred to in sub-

section (3C) of section 211 of the Companies Act, 1956 (“the Act”) read with General Circular 15/2013 dated 13 September

2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013. This responsibility includes the

design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial

statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in

accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require

that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the

financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial

statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material

misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor

considers internal control relevant to the Company’s preparation and fair presentation of the financial statements in order to

design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of

accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the

overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the financial statements give the

information required by the Act in the manner so required and give a true and fair view in conformity with the accounting

principles generally accepted in India:

a) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2015;

b) in the case of the Profit and Loss Account, of the profit for the year ended on that date; and

c) in the case of the cash flow statement, of the cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1) As required by the Companies (Auditor’s Report) Order, 2003 (“the Order”) , as amended , issued by the Central

Government of India in terms of sub-section (4A) of section 227 of the Act, we give in the Annexure a statement on the

matters specified in paragraphs 4 and 5 of the Order.

2) As required by section 227 (3) of the Act, we report that:

a) we have obtained all the information and explanations which to the best of our knowledge and belief were

necessary for the purpose of our audit;

b) Proper books of account as required by law have been kept by the Company, so far as appears from our

examination of those books.

c) the Balance Sheet and Statement of Profit and Loss, dealt with by this Report are in agreement with the books of

account;

___________________________________________________________________Annual Report 2014-15


d) in our opinion, the Balance Sheet and Statement of Profit and Loss comply with the Accounting Standards

referred to in sub section (3C) of section 211 of the Companies Act, 1956; read with the General Circular 15/2013

dated 13 September 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act,

2013. ; and

e) on the basis of written representations received from the directors as on March 31, 2015, and taken on record by

the Board of Directors, none of the directors is disqualified as on March 31, 2015, from being appointed as a

director in terms of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.

For Rishi Arora & Associates

Rishi Arora

Chartered Accountant

Membership no. 501847

Firm No.027766N

Date: 30.05.2015

Place: New Delhi

___________________________________________________________________Annual Report 2014-15


ANNEXURE of our report for the F.Y. 2014-15

Re: SHRI KRISHNA PRASADAM LIMITED

(i) (a) The company has maintained proper records showing full particulars including quantitative details and situation

of fixed assets.

(b) The Company has a regular programme of physical verification of its fixed assets by which fixed assets are verified

in a phased manner over a period of three years. In accordance with this programme, certain fixed assets were

verified during the year and no material discrepancies were noticed on such verification. In our opinion, this

periodicity of physical verification is reasonable having regard to the size of the Company and the nature of its assets..

(c) During the year, the company has not disposed off any Fixed Assets and Going Concern Assumption is

appropriated.

(ii) (a) The Inventories of the Company has been physically verified by the management at year end. In our opinion, the

frequency of the verification is reasonable.

(b) In our opinion and according to the information and explanations given to us the procedures of physical

verification of inventory followed by the management are reasonable and adequate in relation to the size of the

Company and the nature of its business. No discrepancies were noticed on such physical verification as compared to

the book records thereof.

(iii) (a) According to the information & explanation given to us, the Company has not granted an interest free unsecured

loan to a company covered in the register maintained under Section 301 of the Companies Act, 1956.

(b)The company has not taken interest free unsecured loan from parties which covered in the register maintained

under Section 301 of the Companies Act, 1956.

(c ) In our opinion and according to the information and explanation given to us, other terms and conditions for such

loans are not prima facie prejudicial to the interest of the company.

(iv) In our opinion, and according to the information and explanations given to us, there are adequate internal control

systems commensurate with the size of the Company and nature of its business for awarding of contracts for job work

and purchase of Fixed Assets and for the Sale of Goods and Services. In our opinion and according to the information

and explanations given to us, there is no continuing failure to correct major weaknesses in internal control system of

the company.

(v) (a) According to the information and explanations provided to us by the management, we are of the opinion that the

particulars of contracts or arrangements referred to in section 301 of the Companies Act that need to be entered into

the register maintained under section 301 have been so entered.

(b) Transactions made in pursuance of such contracts or arrangements have been made at prices which are

reasonable having regard to the prevailing market prices at the relevant time.

(vi) The Company has not accepted deposits from the public within the meaning of Section 58A, 58AA or any other

relevant provisions of the Companies Act 1956. Hence Clause 4 (vi) of the Companies (Auditor’s Report) Order 2003 is

not applicable to the Company.

(vii) The Company has an effective internal audit system.

(viii) The Company Is not required to make cost records as required to be made under Section 148 (1) of the Companies

Act, 2013

(ix) (a) According to the information and explanations given to us and on the basis of our examination of the books of

account, the Company has been generally regular in depositing undisputed statutory dues including Income tax, Sales

Tax and Value Added Tax and other statutory dues during the year with the appropriate authorities. As at 31st March

2015, there were no undisputed statutory dues outstanding for a period of more than six months from the date they

became payable.

(b) According to the information and explanations given to us, there are no dues which have not been deposited on

account of any dispute of income tax and cess.

(x) The company has not incurred any cash loss during the financial year. The accumulated losses of the Company at the

end of the Financial Year are not more than 50% of its net worth.

___________________________________________________________________Annual Report 2014-15


(xi) The Company has not defaulted in payment of loans taken from banks .The Company has not issued any Debentures.

(xii) According to the information and explanations given to us, the Company has not granted loans and advances on the basis

of security by way of pledge of shares, debentures and other securities.

(xiii) In our opinion, the Company is not a chit fund / nidhi / mutual benefit fund / society. Therefore, the provisions of clause

4 (xiii) of the Companies (Auditor’s Report) Order, 2003 are not applicable to the Company.

(xiv) In our opinion and according to the information and explanations given to us, the Company is not dealing or trading in

shares, securities, debentures.

(xv) The Company has not given any guarantee for loans taken by others from bank or financial institutions.

(xvi) The company has applied term loans for the purposes for which the loans were obtained.

(xvii) According to the information and explanations given to us, on an overall examination of the balance sheet of the

company, we report that no funds raised on short term basis have been applied for long term investment.

(xviii) The Company has not made any preferential allotment of shares to parties and companies covered in the register

maintained under Section 301 of the Act,

(xix) The Company has not issued debentures during the year. Accordingly, no security or charge needs to be created.

(xx) The Company has not raised any money by public issue during the year.

(xxi) During the course of our examination of the books and the records of the Company, carried out in accordance with the

generally accepted auditing practices in India, and according to the information and explanations given to us, we have

neither come across any instances of material fraud on or by the Company, noticed or reported during the year, nor have

we been informed of such case by management.


Rishi Arora



Firm No.027766N

Date: 30.05.2015

Place: New Delhi

___________________________________________________________________Annual Report 2014-15


BALANCE SHEET AS AT 31ST MARCH 2015

PARTICULARS

(Amount in Rs)

NOTES

No.

As at

31.03.2015

As at

31.03.2014

A EQUITY AND LIABILITIES

I Shareholders' funds

(a) Share Capital 1

48,671,900.00 48,671,900.00

(b) Reserve & Surplus 2 446,206.38 396,445.13

(c) Money Received against Share Warrants

Sub-total - Shareholders' funds 49,118,106.38 49,068,345.13

2 Share application money pending allotment 3 0.00 0.00

3 Minority Interest* 0.00 0.00

4 Non Current Liabilities

(a) Long term borrowings 4 700,000.00 0.00

(b) Deferred tax liabilities (net) 5 0.00 4,026.43

(c) Other long term liabilities 6 34,900,000.00 0.00

(d) Long term provisions 7 0.00 0.00

Sub Total - Non Current Liabilities 35,600,000.00 4026.43

5 Current Liabilities

(a) Short term borrowings 8 0.00 0.00

(b) Trade Payables 9 20,360,748.00 17,390,443.00

(c) Other current liabilities 10 434,889.49 932,060.45

(d) Short term provisions 11 38,158.88 63,023.18

Sub Total - Current Liabilities 20,833,796.37 18,385,526.63

TOTAL EQUITY AND LIABILITIES 105,551,902.76 67,457,898.19

B ASSESTS

1 Non Current Assets

(a) Fixed Assets 12 59,550.94 92,165.12

(b) Goodwill on consolidation* 0.00 0.00

(c) Non Current Investments 13 0.00 0.00

(d) Deffered tax assets (net) 14 7081.20 0.00

(e) Long term loans and advances 15 93,146,182.00 17,128,182.00

(f) Other non current assets 16 0.00 0.00

Sub Total - Non Current Assets 93,212,814.14 17,220,347.12

2 Current Assets

(a) Current investment 17 18,000.00 0.00

(b) Inventories 18 294,038.12 2579421.11

(c) Trade receivables 19 5,628,136.00 22,928,968.00

(d) Cash and cash equivalents 20 5,354,230.47 23,624,133.21

(e) Short term loans and advances 21 0.00 0.00

(f) Other current assets 22 1,044,683.47 1,105,028.75

Sub Total - Current Assets 12,339,088.62 50,237,551.07

TOTAL ASSETS 105,551,902.76 67,457,898.19

Notes on significant accounting policies 30


FOR AND ON BEHALF OF THE BOARD OF

Chartered Accountants

SHRI KRISHNA PRASADAM LIMITED

FRN 027766N

Rishi Arora

Kulbhushan Parashar Niraj Singh

Proprietor

Whole Time Director & Company Secretary Director

M.NO-501847

DIN: 02608369 DIN: 03518079

Place : New Delhi

Monica Agrawal

Date : 30.05.2015

Chief Financial Officer

___________________________________________________________________Annual Report 2014-15


STATEMENT OF PROFIT AND LOSS AS AT 31ST MARCH 2015

(Amount in Rs )

Year Ended On

Particulars Note

No. 31.03.2015 31.03.2014

(I) Revenue from Operations 23 74,958,126.80 30,200,720.00

(II) Other Operating Income 24 4,637,640.00 519,110.00

(III) TOTAL REVENUE (I+II) 79,595,766.80 30,719,830.00

IV Expenses 25

(a) Increase/decrease in stock in trade and work in progress 2,285,382.99

(b) Consumption of raw materials 29,325,291.89

(c) Purchases of traded goods 73,766,596.98

(d) Employee Cost 1,207,500.00 388,000.00

(e) Finance Cost 3,918.54 3,585.61

(f) Depreciation 51,625.98 25,465.88

(g) Other expenses (Any item exceeding 10% of the total

expenses relating to continuing operations to be shown

separately)

2,201,141.81 769,591.45

TOTAL EXPENDITURE 79,516,166.30 30,511,934.83

V Profit before Exceptional & Extra Ordinary Items And

Taxes (III-IV)

79,600.50 207,895.17

VI Exceptional Items 26 0.00 0.00

VII Profit before Extra Ordinary Items And Taxes (V-VI)

79,600.50 207,895.17

VIII Extraordinary Items 27 0.00 0.00

IX PROFIT/LOSS BEFORE TAX( VII-VIII)

79,600.50 207,895.17

X Tax expenses

Less: Provision For Taxes

- Current Taxes 38,158.88 63,023.18

- Deferred Taxes (11,107.63) 1,216.43

XI

PROFIT (Loss) for the period from Continuing

Operation (IX-X)

52,549.25 143,655.56

XII

PROFIT (Loss) from the Discontinuing Business

28

0.00

0.00

XIII Tax expenses of Discontinuing operations 29 0.00 0.00

XIV.

PROFIT (Loss) for the period from Discontinuing

Operation (XII-XIII)

0.00 0.00

XV

PROFIT (Loss) for the period (XI+XIV)

52,549.25 143,655.56

XVI

Earning per equity share

(1) Basic 0.01 0.03

(2) Diluted 0.01 0.03

For Rishi Arora & Associates FOR AND ON BEHALF OF THE BOARD OF

Chartered Accountants SHRI KRISHNA PRASADAM LIMITED

FRN 027766N

Rishi Arora Kulbhushan Parashar Niraj Singh

Proprietor Whole Time Director & Company Secretary Director

M.NO-501847 DIN: 02608369 DIN: 03518079

Place : New Delhi

Monica Agrawal

___________________________________________________________________Annual Report 2014-15


Date : 30.05.2015 Chief Financial Officer

(Amount in Rs.)

CASH FLOW STATEMENT

Particulars For the year ended

31.03.2015 31.03.2014

A. CASH FLOW FROM OPERATING ACTIVITIES

Net profit before taxation from continuing operations (as restated) 49,761.25 288603.06

Net profit before taxation from discontinued operations (as restated) 0.00 0.00

Non cash adjustments to reconcile profit before tax to net cash

flows

49,761.25 288603.06

Add Depreciation and amortization expense 51,625.98 25465.88

Less Interest income -2,640.00 -17199.00

Operating profit before working capital changes 98,747.23 296869.94

Movements in Working Capital

Adjustments for (Increase )/Decrease in Operating Assets

Less Increase in current Asset/Decrease in Current Liability

Trade receivables 17,300,832.00 -22928968.00

Inventories 2,285,382.99 -2266781.11

Short term Loans & Advances 0.00 -243000.00

Current Investment -18000.00 0.00

Other Current Assets 60,345.28 -1105028.75

Add Decrease in Current Assets/Increase in Current Liability

Current Liabilities and Provisions -497,170.96 981542.06

Trade & Other Payable 2,968,266.22 17390443.00

Intt. Payable -24,864.30 0.00

Cash flow from operations 22,173,538.46

-7874922.86

LESS: Provision for Tax(As per MAT)

LESS: Taxes -7081.20 -6517.00

Net Cash generated from operating activities(A) 22,166,457.26

-7881439.86

B. CASH FLOW FROM INVESTING ACTIVITIES

Purchase of fixed assets -21,000.00 -50480.00

Investment sold/(Purchased) 0.00 0.00

Premium on Investment 0.00 0.00

Interest Received 2,640.00 17199.00

Long term Loans and Advance -76,018,000.00 -16885182.00

Proceeds from Sale of Fixed Assets 0.00 0.00

Dividend Received 0.00 0.00

Net cash used in investing activities(B) -76,036,360.00

-16918463.00

C. CASH FLOW FROM /(USED IN) FINANCING ACTIVITIES

Proceeds from Issue of Shares 0.00 48571900.00

Repayment of Long Term Borrowings 35,600,000.00 -589652.94

Net Decrease in other Borrowings 0.00 0.00

Preliminary Expenses incurred 0.00 0.00

Net cash generated from/(used in) financing activities (C) 35,600,000.00 47982247.06

Net increase/(decrease) in cash and cash equivalents ( A + B + C ) -18,269,902.74 23182344.20

Cash and cash equivalents at the beginning of the year 23,624,133.21 441789.01

Cash and cash equivalents at the end of the year 5,354,230.47 23624133.21

Notes: 1. The above Cash Flow Statement has been prepared under the "Indirect Method" as set out in Accounting

Standard-3' Cash Flow Statement'.

2. Previous year's figures have been regrouped / rearranged /recasted wherever necessary to make them comparable

with those of current year.

3. Figures in brackets or (-) indicate cash outflow.

For Rishi Arora & Associates FOR AND ON BEHALF OF THE BOARD OF

Chartered Accountants SHRI KRISHNA PRASADAM LIMITED

FRN 027766N

Rishi Arora Kulbhushan Parashar Niraj Singh

Proprietor Whole Time Director & CS Director

M.NO-501847 DIN: 02608369 DIN: 03518079

___________________________________________________________________Annual Report 2014-15


Place : New Delhi Monica Agrawal

Date : 30.05.2015 Chief Financial Officer

NOTES PARTICULARS AS AT 31.03.15 AS AT 31.03.14

1 SHARE CAPITAL

1.1 AUTHORISED CAPITAL

50,00,000 Equity Share Capital of Rs.10/- each 50,000,000.00 50,000,000.00

TOTAL 50,000,000.00 50,000,000.00

ISSUES, SUBSCRIBES & PAID UP CAPITAL

48,67,190 Equity Share Capital of Rs.10/- each fully paid up 48,671,900.00 48,671,900.00

TOTAL 48,671,900.00 48,671,900.00

1.2 Reconciliation of the number of shares

Equity Shares

Balance at the beginning of the year

No. of shares (Previous year: 4867190) 4,867,190 4,867,190

Add: Additions to share capital on account of fresh issue or bonus

issue etc., 0 0

Ded: Deductions from share capital on account of shares bought

back, redemption etc., 0 0

Outstanding at the end of the year 4,867,190 4,867,190

1.3 Terms/rights attached to equity shares

The company has only one class of equity share having par value of Rs.10 per share. Each holder of the equity share

is entitled to one vote per share. In the liquidation of the company, the holders of the equity shares will be entitled

to receive the remaining assets of the company, after distribution of all preferential amounts.

1.4 Details of shares held by shareholders holding more than 5% of the aggregate shares in the company

Name of the shareholders As at March 31, 2015 As at March 31, 2014

Number of

shares

Percentage of

share holding

Number

of shares

Percentage of

share holding

Mr. Kulbhushan Parashar 389,030 7.99% 389,030 7.99%

Harpreet Parashar 266,060 5.47% 266,060 5.47%

KPCorp Consultants Private limited 271,600 5.58% 271,600 5.58%

Kulbhushan Parashar (HUF) 374,700 7.70% 374,700 7.70%

Mr. Ajay Beswal 244,000 5.01% 244,000 5.01%

Total 1,545,390 31.75% 1,545,390 31.75%

2 Reserve & Surplus

Surplus in Statement of Profit and Loss

Balance at the beginning of the year 396,445.13 107,842.07

Add Profit/Loss for the year 52,549.25 143,655.56

Less Written off During the Year 2,788.00

Balance at the end of the year 446,206.38 251,497.63

Securities Premium Account

Balance at the beginning of the year 0.00 0.00

Add: Premium on shares issued during the year 0.00 14,107,747.50

Less: Utilizing during the year for: 0.00 0.00

Issuing bonus shares 0 .00 -13,535,950.00

Writing off shares issue expenses 0.00 -426,850.00

Balance at the end of the year 0.00 144,947.50

TOTAL OF RESERVE & SURPLUS 446,206.38 396,445.13

___________________________________________________________________Annual Report 2014-15


3 Share application money pending allotment 0.00 0.00

0.00 0.00

4 Long Term Borrowings

Loans and advances from related Parties

(b) Secured 0.00 0.00

(d) Unsecured 0.00 0.00

- Kulbhushan Parashar 700,000.00 0.00

0.00 0.00

TOTAL LONG TERM BORROWINGS 700,000.00 0.00

5 Deferred Tax Liability/(Asset)

Beginning of the year 4,026.43 2,810.00

Add: Creation during the year -11,107.63 1,216.43

TOTAL DEFERRED TAX LIABILITY/(Asset) -7,081.20 4,026.43

6 Other Long Term Liabilities

Trade Payable 0.00 0.00

Others 34,900,000.00 0.00

34,900,000.00 0.00

7 Long term provisions

Provisions for Employee Benefits & Others 0.00 0.00

0.00 0.00

8 Short Term Borrowings

Secured 0.00 0.00

Unsecured 0.00 0.00

0.00 0.00

9 Trade Payables

Trade Payables 20,360,748.00 17,390,443.00

Amount Due under Contractual Obligations 0.00 0.00

20,360,748.00 17,390,443.00

10 Other Current Liabilities

Service Tax Payable 344,203.49 0.00

Crystal Forms Pvt Ltd 0.00 554,528.00

Modern Advertising 0.00 153,631.97

Expenses Payable 0.00 0.00

Salary Payable 35,000.00 45,000.00

Telephone Expenses Payable 0.00 1,361.00

Sky line financial service 26,133.00 130,731.80

Rent Payable 0.00 12,000.00

TDS Payable 7,553.00 23,729.03

Auditors Remuneration Payable 22,000.00 11,000.00

ASBA selling commission to be paid 0.00 78.65

TOTAL OTHER CURRENT LIABILITIES 434,889.49 932,060.45

11 Short Term Provisions

Current Income Tax 38,158.88 63,023.18

TOTAL SHORT TERM PROVISIONS 38,158.88 63,023.18

_______________________________________________________________________________________________________Annual Report 2014-15

Shri Krishna Prasadam Limited_____________________________________________________________________________________________________________

Note 12

Tangible Asset

Date of

Purchase

/ Put to

use

Particular Original

Cost (Rs)

Dep

charged

upto

31.03.2014

WDV as on

01.04.2014

Life as per

Co. Act,

2013

Life Used till

31/03/2014

Remaini

ng Life

Salvaged

value

Depreciab

le amount

over

whole life

Excess

Dep.

(Already

charged)

Rate

of

Dep.

Dep for

the Year

2014-15

Adjuste

d with

Retaine

d

Earning

WDV as on

31st Mar

2015

(A) Office

Equipments

19-Nov-

2008

Transform

ers

14,700 8,098 6,602 10.00 5.36 4.64 735 13,965 - 37.72 2,491 - 4,112

27-Dec-

2013

Computer 50,480 5,200 45,280 3.00 0.26 2.74 2,524 47,956 - 65.10 29,478 - 15,802

27-Mar-

2012

Computer 32,650 20,948 11,702 3.00 2.01 0.99 1,633 31,017 - 86.35 10,069 - 1,633

11-Oct-

2009

Computer 35,850 32,069 3,781 3.00 4.47 (1.47) 1,793 34,057 - 0.00 - 1,988 1,793

(B) Furniture and

Fixtures

4-Jun-

2009

Furniture

& Fixtures

16,780 10,354 6,426 10.00 4.82 5.18 839 15,941 - 32.52 2,090 - 4,336

27-Mar-

2012

Furniture

& Fixtures

22,840 7,553 15,287 10.00 2.01 7.99 1,142 21,698 - 27.73 4,239 - 11,048

17-Oct-

2014

Electricals

Equipmen

ts &

Fittings

21,000 10.00 1,050 19,950 25.89 2,457 18,543

(C) Vehicles

3-Jun-

2009

Motor

Cycle

13,000 9,913 3,087 10.00 4.83 5.17 650 12,350 - 26.01 803 - 284

Total

Assets

207,300 94,135 92,165 10,366 196,934 - 51,626 1,988 59,551

___________________________________________________________________Annual Report 2014-15


13 Non-Current Investments

Trade Investments 0.00 0.00

Other Investment 0.00 0.00

0.00 0.00

14 Deffered Tax Assets 0.00 0.00

0.00 0.00

15 Long term Loans & Advances

(a) Capital Advances 0.00 0.00

(b) Security deposits 0.00 243,000.00

(c) Loan & Advances to related parties 0.00 0.00

(d) Other Loans & Advances 0.00 0.00

(Unsecured Considered Good)

Loans 0.00 5,000,000.00

Advances 93,146,182.00 11,885,182.00

Total 93,146,182.00 17,128,182.00

16 Other Non-Current Assets 0.00 0.00

0.00 0.00

17 Current Investments 18,000.00 0.00

18,000.00 0.00

18 Inventories

Finished Goods 294,038.12 2,579,421.11

294,038.12 2,579,421.11

19 Trade Receivables 5,628,136.00 22,928,968.00

5,628,136.00 22,928,968.00

20 Cash & Cash Equivalent

Bank Balances 4,831,255.61 21,576,362.15

Cash In Hand 522,974.86 1,549,435.06

Fixed Deposit 498,336.00

TOTAL OF CASH & CASH EQUIVALENT 5,354,230.47 23,624,133.21

21 Short Term Loans & Advances 0.00 0.00

0.00 0.00

22 Other Current Assets

Preliminary Expenses

Opening Balances 0.00 3,000.00

Incurred during the year 0.00 0.00

0.00 3,000.00

Less: Written off during the year 0.00 3,000.00

Closing Balance 0.00 0.00

Cenvat Input tax Receivable 0.00 43,085.59

Education Cess and Sch & H. Cess 0.00 1,193.51

Income Tax Refundable 19.82 17,199.00

TDS AY 2014-15 991.00 0.00

Balance 1,010.82 61,478.10

___________________________________________________________________Annual Report 2014-15


23 Revenue From Operation

Sale of Products 74,958,126.80 30,200,720.00

74,958,126.80 30,200,720.00

24 Other Income

(a) Job Work Income 0.00 500,000.00

(b) Interest Income 2,640.00 19,110.00

(c) Sale of Service 4,635,000.00 0.00

4,637,640.00 519,110.00

25 EXPENSES

25.1 Cost of Material Consumed

Opening Stock 2,579,421.11 312,640.00

ADD: Purchase 73,766,596.98 31,592,073.00

76,346,018.09 31,904,713.00

Less: Closing Stock 294,038.12 2,579,421.11

Total 76,051,979.97 29,325,291.89

25.2 Employee Remuneration & Welfare Expenses

Salaries 967,500.00 238,000.00

Directors Remuneration 240,000.00 150,000.00

Staff Welfare Expenses 0.00 0.00

TOTAL 1,207,500.00 388,000.00

25.3 Finance Cost

Bank Charges 3,918.54 3,585.61

TOTAL 3,918.54 3,585.61

25.4 Depreciation & Amortization Expenses

Depreciation 51,625.98 22,465.88

Preliminary Expenses Written off 3,000.00

TOTAL 51,625.98 25,465.88

25.5 Administrative & Other Expenses

Printing & Stationary 5,775.00 0.00

Telephone Expenses 7,225.00 3,172.70

Publication Fee 3,453.00 0.00

Statutory Fee- Stock Exchange 34,270.00 0.00

Courier Charges 17,025.00 0.00

Legal Fees 0.00 25,000.00

Auditor Remuneration 11,000.00 22,000.00

Business Promotion 0.00 35,690.00

Professional Charges 1,393,110.00 296,763.00

Roc fee & Stamp Duty 91,322.00 15,030.75

Electricity & Water 6,720.00 4,030.00

Website Expenses 0.00 8,427.00

Rent 30,000.00 100,000.00

Interest on TDS 987.00 0.00

Interest Paid on Income Tax 6,957.00 0.00

Short & Excess 10.02 -1.00

Travelling Expenses 104,500.00 204,557.00

ASBA Commission 269.20 0.00

___________________________________________________________________Annual Report 2014-15


Miscellaneous Exp/Office Exp 50,488.59 3,236.00

Transport & packing 204,750.00 0.00

NSDL Fees 6,000.00 51,686.00

Market Making Fee 110,000.00 0.00

BSE & CDS Exp 117,281.00 0.00

TOTAL 2,201,142.81 769,591.45

26 Exceptional Items 0.00 0.00

27 Extra-ordinary Items 0.00 0.00

28 PROFIT (LOSS) from the Discontinuing Business 0.00 0.00

29 Tax expenses of Discontinuing operations 0.00 0.00

___________________________________________________________________Annual Report 2014-15


NOTES TO THE STATEMENTS OF ASSETS AND LIABILITIES, STATEMENT OF PROFITS AND LOSSES AND CASH FLOWS, AS

RESTATED UNDER INDIAN GAAP, FOR SHRI KRISHNA PRASADAM LIMITED

1. BACKGROUND

Shri Krishna Prasadam Limited (‘The Company’) (The name of the Company was changed from Shri Krishna Prasadam Private

Limited to Shri Krishna Prasadam Limited w.e.f. 13th December, 2013) was incorporated on May 28, 2009 and is primarily

engaged in the business of Trading of Agriculture Products, Securities Trading, Real Estate underwriting services and other

consultancy services. The Company continuously aims at keeping itself abreast with changing global and national trends and

staying current with technological advances. This mix of innovative ideas, planning initiatives and use of cutting edge

technologies has enabled the company to stay ahead of competition.

2. STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES ADOPTED BY THE COMPANY IN THE PREPARATION OF

FINANCIAL STATEMENTS

1. ACCOUNTING CONCEPTS

The financial statements are prepared under historical cost convention, on the accrual basis of accounting in accordance with

the Companies Act, 1956 and the Accounting Principles Generally Accepted in India (‘Indian GAAP’) and comply with the

Accounting Standards issued by the Institute of Chartered Accountants of India (‘ICAI’) to the extent applicable.

2. USE OF ESTIMATES

The preparation of financial statements in conformity with the Generally Accepted Accounting Principles requires management

to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent

liabilities on the date of the financial statements. Actual results could differ from those estimates. Any revision to accounting

estimates is recognized prospectively in current and future periods.

3. TANGIBLE FIXED ASSETS

Fixed assets are stated at historical cost less accumulated depreciation. Cost includes purchase price and all other attributable

cost to bring the assets to its working condition for the intended use.

4. INTANGIBLE ASSETS

Intangible assets acquired separately are measured on initial recognition at cost. Following initial recognition, intangible assets

are carried at cost less accumulated amortization and accumulated impairment losses, if any. Internally generated intangible

assets, are not capitalized and expensed off in the Statement of Profit and Loss in the year in which the expenditure is incurred.

Intangible assets are amortized on a straight line basis over the estimated useful economic life. The amortization period and the

amortization method are reviewed at least at each financial year end. If the expected useful life of the asset is significantly

different from previous estimates, the amortization period is changed accordingly.

5. DEPRECIATION

• Depreciation on assets is provided on Written down value method using the rates arrived at based on the useful lives estimated

by the management, or those prescribed under the Schedule XIV to the Companies Act, 1956, ( Schedule II of the Companies Act,

2013) whichever is higher.

Depreciation on fixed assets added/disposed off during the year/period is provided on pro-rata basis with reference to the date

of addition/disposal. Individual assets costing upto Rs. 5000 are depreciated in full in the year of purchase.

6. BORROWING COSTS

Borrowing cost that are directly attributable to the acquisition or construction of a qualifying asset (including real estate

projects) are considered as part of the cost of the asset/project. All other borrowing costs are treated as period cost and

charged to the profit and loss account in the year in which incurred.

7. IMPAIRMENT OF ASSETS

The Company assesses at each balance sheet date whether there is any indication that an asset may be impaired. If any such

indication exists, the Company estimates the recoverable amount of the asset. If such recoverable amount of the asset or the

recoverable amount of the cash generating unit to which the asset belong is less than its carrying amount, the carrying amount

is reduced to its recoverable amount. The reduction is treated as an impairment loss and is recognized in the profit and loss

account.

8. INVESTMENTS

Long-term investments are stated at cost. Provision for diminution, if any, in the value of each long-term investment is made to

recognize a decline, other than of a temporary nature. Current investments are stated at lower of cost or market value.

9. INVENTORIES

i. Inventories are stated at cost or net realizable value whichever is lower on FIFO basis.

___________________________________________________________________Annual Report 2014-15


10. REVENUE RECOGNITION

i. Revenue is recognized to the extent that it is probable that the economic benefits will flow to the company and the

revenue can be reliably measured.

ii. Interest due on delayed payments by customers is recognized on a time proportion basis taking into account the amount

outstanding and the applicable interest rate.

iii. Sale is recognized on dispatch to goods from point of sales.

iv. Other income is accounted for on accrual basis in accordance with Accounting Standards (AS) 9- “Revenue Recognition”.

v. Insurance and other claims are recognized in accounts on lodgment to the extent these are measurable with reasonable

certainty of acceptance. Excess / shortfall is adjusted in the year of receipt.

11. FOREIGN CURRENCY TRANSACTIONS

i. Foreign currency transactions are recorded at exchange rates prevailing on the date of respective transactions.

ii. Current assets and current liabilities in foreign currencies existing at balance sheet date are translated at year-end rates.

ii. Foreign currency translation differences related to acquisition of imported fixed assets are adjusted in the carrying

amount of the related fixed assets.

iii. There were no transaction in foreign currency, during the year (previous year-Nil).

12. ACCOUNTING FOR TAXES ON INCOME

i. Provision for current tax is made, based on the tax payable under the Income Tax Act, 1961.

ii. Deferred tax on timing differences between taxable and accounting income is accounted for, using the tax rates and the

tax laws enacted or substantially enacted as on the balance sheet date.

Deferred tax assets on unabsorbed tax losses and unabsorbed depreciation are recognized only when there is a virtual

certainty of their realization. Other items are recognized only when there is a reasonable certainty of their realization.

13. PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

A provision is recognized when:

• the Company has a present obligation as a result of a past event;

• it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and

• a reliable estimate can be made of the amount of the obligation.

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably

will not, require an outflow of resources. Where there is a possible obligation or a present obligation that the likelihood of

outflow of resources is remote, no provision or disclosure is made.

Previous Year figures have been re-arranged/re-grouped wherever considered necessary to confirm to the classification

adopted for the current year.


Rishi Arora



Firm No.027766N

Place: New Delhi

Date: 30.05.2015

___________________________________________________________________Annual Report 2014-15


Note No. 31

SIGNIFICANT ACCOUNTING POLICIES

1 Accounting concepts

The company follows Mercantile System of Accounting and recognizes income & expenditure on accrual basis. However,

indeterminate Income / Expenditures, if any have been accounted for as & when settled. The accounts have so far been

prepared on historical cost convention

Accounting policies not specifically referred to, are consistent with generally accepted accounting policies.

2. Fixed Assets & Depreciation

i) Fixed Assets are stated at cost.

ii) Depreciation

Depreciation has been provided on straight light method as per the rates specified Under Schedule II of the Companies Act,

2013

3 Inventories:

They are valued at cost or market value whichever is less.

4 Investments

Investments are held at cost or market value, whichever is lower.

5 Revenue Recognition

Revenue is recognized when the sale of good/services /shares & securities etc. under a contract is completed.

6 Retirement Benefits

The provisions of Payment of Gratuity Act 1972, Payment of Bonus Act 1965 and Employees Provident & Miscellaneous

Provisions Act, 1952 are applied if applicable.

7 Contingent Liabilities

As per the information provided by the management, there are no contingent liabilities as on 31st March, 2015 (Nil)

8 In the opinion of the board all the assets do have a value on realization in the ordinary course of business at least equal to the

amount at which they are stated.

9 As per the information available with the company as on 31st March, 2015, there are no dues to Micro, Medium and Small

Enterprises as per the Micro, Small and Medium Enterprises Development Act.

10 The Company has not accepted deposits and hence the directives issued by the Reserve Bank of India and the provisions of

sections 73 to 76 or any other relevant provisions of the Companies Act and the rules framed there under are not applicable.

11 Going Concern Concept:

Company is in the business of developing Real estate. It intents to construct flats and selling them. It has also received security

deposits/ advances booking of these flats.

To further promote business it has entered into various contracts with other societies and have setup various collaborations,

joint ventures etc. They are in various stages of advancement in real estate development.

It has also given various advances for purchase of land etc. and also setup various entities which are at various stages of

functioning.

The company is newly established in field of real estate and facing teething problem like any other new comers but it is sure

that all efforts made will soon start giving the results and the company will be able to stand on its own.

The promoters are committed to bring in any additional capital in case of requirement for the running and success of the

company.

___________________________________________________________________Annual Report 2014-15


13. Payment to Auditors Current Year Previous Year

[Excluding Service Tax] 31.03.15 31.03.14

(Rs in lacs) (Rs in lacs)

As auditor 0.11 0.11

14 Related Party Transactions - Payment to Directors

Current Year Previous Year

(Rs. In Lacs) (Rs. In Lacs)

Salary & Other Benefits 2.40 0.00

Loan Received 7.00 0.00

15 there were no transaction in foreign currency, during the year (previous year-Nil).

16 Figures have been rounded off to the near rupee.

17 Previous Year figures have been re-arranged/re-grouped wherever considered necessary to confirm to the classification

adopted for the current year.


Rishi Arora



Firm No.027766N

Date: 30.05.2015

Place: New Delhi

___________________________________________________________________Annual Report 2014-15


ROUTE MAP OF ANNUAL GENERAL MEETING PLACE

___________________________________________________________________Annual Report 2014-15



R.O.: 160 (Basement), Vinoba Puri, Lajpat Nagar-II, New Delhi 110024 Tel No. 011 2983 2714, Email Id: [email protected]

CIN: L70200DL2009PLC190708

ATTENDENCE SLIP

(To be handed over at the entrance of the Meeting Hall)

SIXTH ANNUAL GENERAL MEETING

I/We hereby record my/our presence at the Sixth Annual General Meeting of the Company held on Monday, 28th September,

2015, at 11:00 a.m. at 160 (Basement), Vinoba Puri, Lajpat Nagar-II, New Delhi 110024

Full Name of the Member

(in BLOCK LETTERS) ........................................…………........................................................………………………………………………….

Regd. Folio No. ........................... No. of Shares held.....................

Client Id*..................................... DP Id* ………………........................

Full Name of the Proxy (in BLOCK LETTERS) ……................................................…………………………………………………………………..

Member’s/Proxy’s Signature ……………………………..........................................................……………………………………………………….

* Applicable for members having shares in electronic form.

___________________________________________________________________Annual Report 2014-15


PROXY FORM

[Pursuant to section 105(6) of the Companies Act, 2013 and rule 19(3) of the Companies

(Management and Administration) Rules, 2014]


R.O.: 160 (Basement), Vinoba Puri, Lajpat Nagar-II, New Delhi 110024

Tel No. 011 2983 2714, Email Id: [email protected]

CIN: L70200DL2009PLC190708

Name of Member(s)

Registered Address

Folio No./DP ID Client Id:

E-mail Id:

I/We, being the member(s) of ........................................... shares of the above named Company, hereby appoint:

Name

Address

Email Id

Signature

Or falling him/her

Name

Address

Email Id

Signature

Or falling him/her

Name

Address

Email Id

Signature

as my/our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the 06th Annual General Meeting of the

Company to be held on Monday, 28th September, 2015, at 11:00 a.m. at 160 (Basement), Vinoba Puri, Lajpat Nagar-II, New Delhi 110024 and at any adjournment thereof in respect of such resolutions as are indicated below:

Resolution

Number

Resolution For Against

ORDINARY BUSINESSES

1. Adoption of Financial Statements of the Company for the year

ended 31st March, 2015 including Balance Sheet as at 31st March,

2015 and the Statement of Profit & Loss, Reports of the Board of

Directors and Auditors thereon.

2. To appoint a Director in place of Mr. Subhash Kumar Jha (DIN:

06941674), who retires by rotation and being eligible offers

himself for re- appointment.

___________________________________________________________________Annual Report 2014-15


3. Appointment of M/s Rishi Arora & Associates, Chartered

Accountant as Auditors of the Company till the conclusion of 09th

Annual General Meeting.

SPECIAL BUSINESSES

4. Appointment of Mr. Niraj Singh (DIN 03518079) as an

Independent Director with effect from 14th November, 2014 up to

13th November 2019

Signed this ________ day of ___________________ 2015

Signature of Shareholder Signature of Proxy holder(s)

Notes:

� This Form, in order to be effective should be duly stamped, completed, signed and deposited at the Registered Office of the

Company, not less than 48 hours before the meeting.

� A person can act as proxy on behalf of Members not exceeding fifty (50) and holding in the aggregate not more than ten

percent (10%) of the total share capital of the Company. A member holding more than ten percent (10%) of the total share

capital of the Company carrying voting rights may appoint a single person as proxy, however, such person shall not act as

proxy for any other person or Shareholder.

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Documents

SIXTH ANNUAL REPORT - Bombay Stock Exchange · 2015-09-06 · Mr. Subhash Kumar Jha Non Executive Director DIN: 06941674 Mr. Niraj Singh Independent Director DIN: 03518079 Mr. Arun