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YAMUNA POWER AND INFRASTRUCTURE LTD.
Sardana Nagar, Ambala Road, Yamunanagar-Jagadhri 135 003
(Haryana) [INDIA]
42nd
ANNUAL REPORTAND ACCOUNTS
2014-15
BOARD OF DIRECTORS : Sh. Sham Sunder SardanaChairman
Sh. Sanjeev SardanaManaging Director
Sh. Rajeev SardanaJoint Managing director
DIRECTORS:
Sh. Subhash Sankar DuttaResident Director (Kolkatta)
Sh. Swatantar Kumar DewanMrs. Supriya Sardana
Independent DirectorsSh. S.K. VijraSh. S.C. kochhar
AUDITORS : M/s K.M. Agrawal & Co.Chartered Accountants,Opposite State Bank of PatialaJagadhri Road, Yamuna NagarHaryana - 135001
BANKERS : State Bank of IndiaPunjab National BankHDFC Bank Ltd.
REGISTERED OFFICE : Sardana Nagar, Ambala Road,Yamuna Nagar - 135 003(Haryana) (India)
WORKS : 1. Sardana Nagar, Ambala Road,Yamuna Nagar - 135 003(Haryana) (India)
2. Bakrahat Road, Bonogram
P.O. RasapunjoP.S. BishnupurDistt. 24 Paragnas (S)Kolkata – 700 104
MARKETING & ADMINISTRATIVE : 03/101, Kaushalya Park,OFFICE Hauz Khas, New Delhi - 110016
ZONAL SALES OFFICES : New Delhi, Kolkata, Mumbai,Hyderabad & Panchkula
YAMUNA POWER AND INFRASTRUCTURE LIMITEDCIN U40200HR1973PLC006515
REGD.OFFICE: SARDANA NAGAR, AMBALA ROAD,YAMUNANAGAR-JAGADHRI - 135 003 (HARYANA)
NOTICE
Notice is hereby given that the 42nd Annual General Meeting of the Company will be held on Saturday, 11th July, 2015 at 11.30 A.M. at its Registered Office: Sardana Nagar, Ambala Road, Yamunanagar-Jagadhri - 135003 (Haryana) to transact the following business:
ORDINARY BUSINESS
1. To consider and adopt the audited financial statement of the Company for the financial year ended March 31, 2015, the reports of the Board of Directors and Auditors thereon.
2. To Consider And Approve the Retirement of Sh. SS Dutta(DIN:-00411828), who retires by rotation at this Annual General Meeting and do not wish to be reappointed.
3. To Appoint Statutory Auditors To Hold Office till The Conclusion Of The Next Annual General Meeting And To Fix Their Remuneration.
“RESOLVED THAT M/s. K.M. Agrawal & Co., Yamunanagar, Chartered Accountants (Registration No. 001591N), be and are hereby re-appointed asStatutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting of the Company at such remuneration as shall be fixed by the Board of Directors of the Company.”
4. To Confirm the appointment of Mrs. Supriya Sardana (DIN: 01921702) as Director and in this regard, to consider and if thought fit, to pass the following resolution as an Ordinary Resolution:
"RESOLVED THAT Pursuant to section 149(1) of Companies Act, 2013 read with Rule 3 of Companies (Appointment and Qualification of Directors) Rules, 2014, Smt. Supriya Sardana (DIN-01921702), who was appointed as an additional director on the board of directors of the company w.e.f. 25.03.2015 be and is hereby appointed as an Director of the company.”
SPECIAL BUSINESS
5. To appoint Sh. S.k. Vijra (DIN: 00427324) as an Independent Director and in this regard, to consider and if thought fit, to pass the following resolution as an Ordinary Resolution:
"RESOLVED THAT pursuant to the provisions of Sections 149, 152 read with Schedule IV and all other applicable provisions of the Companies Act, 2013 and the Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force), Sh S.K. Vijra (DIN: 00427324) not liable to retire by rotation, be and is hereby appointed as an Independent Director of the Company."
6. To appoint Sh. S.C. Kochhar (DIN: 01031466) as an Independent Director and in this regard, to consider and if thought fit, to pass the following resolution as an Ordinary Resolution:
"RESOLVED THAT pursuant to the provisions of Sections 149, 152 read with Schedule IV and all other applicable provisions of the Companies Act, 2013 and the Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force), Sh S.C. Kochhar (DIN: 01031466) not liable to retire by rotation, be and is hereby appointed as an Independent Director of the Company."
For and on behalf of Board of Directors
Sd/-
Place: YAMUNANAGAR (Sanjeev Sardana)Date: 16.06.2015 Managing Director
NOTES :
1. A MEMBER ENTITLED TO ATTEND AND VOTE IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF HIMSELF AND A PROXY NEED NOT BE A MEMBER OF THE COMPANY.
2. The Register of the Members and Share Transfer Books of the Company shall remain closed from Monday 6th July to Saturday 11th July 2015 (both days inclusive).
3. The dividend, if declared, will be paid to those members whose names appear on the Register of Members of the Company as on 11th July 2014 being the date of Annual General Meeting of the Company.
4. The shareholders who have not encashed the dividend warrants so far for the last financial years are requested to make their claim to the Share Department of the Company. It may also be noted that once the unclaimed dividend is transferred in to the Investor Education and Protection Fund, no claim shall be entertained in respect thereof by the Company.
For and on behalf of Board of Directors
Sd/-
Place: YAMUNANAGAR (Sanjeev Sardana)Date: 16.06.2015
STATEMENT PURSUANT TO SECTION 102(1) OF THE COMPANIES ACT, 2013 (‘the Act’)
ITEM NO 5
In accordance with the provisions of Section 149 read with Schedule IV to the act, appointment of an Independent Director requires approval of members.
Sh. S.K. Vijra is not disqualified from being appointed as a Director in terms of Section 164 of the Act and has given his consent to act as a Director.
ITEM NO 6
In accordance with the provisions of Section 149 read with Schedule IV to the act, appointment of an Independent Director requires approval of members.
Sh. S.C. Kochhar is not disqualified from being appointed as a Director in terms of Section 164 of the Act and has given his consent to act as a Director.
YAMUNA POWER AND INFRASTRUCTURE LIMITEDCIN U40200HR1973PLC006515
DIRECTORS’ REPORT
To the Members,
Your Directors are pleased to present the 42nd Annual Report and the Audited Accounts for the year ended 31st March, 2015.
Financial Results (` in Millions)
(2014-15) (2013-14)Total Revenue 1112.52 862.70Turnover from Manufacturing / Trading Segment 949.39 680.97
Turnover from Projects Segment 171.49 191.33Profit Before Depreciation 37.01 45.98Depreciation 7.74 23.58Profit Before Tax 29.27 22.40Less Income Tax paid for earlier years (0.12) (0.02)Provision for Tax:i) Income Tax/Wealth Tax & other 4.30 4.70ii)Deferred Tax 0.37 (3.21)Profit After Tax 24.71 20.89Appropriations:Proposed Dividend 0 1.44Tax on Dividend 0 0.24Transfer to General Reserve 0 7.00Transfer to Profit & Loss A/c 23.41 12.21
Performance Review
Revenue from Operations increased by 28.96% to ` 1112.52 Millions from ` 862.70 Millions.
Turnover from Manufacturing / Trading Segment increased by 39.42% from ` 680.97 Millions to ` 949.39 Millions.
Profit before Tax Increased by 30.67% to ` 29.27 Millions from ` 22.40 Millions.
Net Profit increased by 18.29% to ` 24.71 Millions from ` 20.89 Millions.
Company, in toto, earned a Net Profit of Rs.100.56 Millions from its manufacturing activities at Jagadhri & Kolkata.
Our EPC and Infra Projects Division did not perform well and it suffered a cash loss of Rs.65.88 Millions. These projects are long run and the actual results shall come after receipt of final payments and other claims. So the net position shall be visible at the completion of the Contract, which shall be before March, 2016.
Our EPC and Infra Projects Division could not deliver the desired results as per our expectation. Needless to mention that all Infrastructure Projects in India are facing similar situation. The expected targets could not be achieved.
Delay in sites handing over, scare availability of mining materials like gravels and sand exclated our working cost. Remedial actions in this regard are being undertaken.
Foreign Exchange Earnings & Outgo
The Company has continued to maintain focus and avail of export opportunities based on economic considerations.
(` in Millions)(2013-14)
Foreign Exchange EarnedFOB Value of Exports 483.97 252.12Foreign Exchange UsedCIF Value of Imports 130.45 29.84Commission Paid to Foreign agents 2.25 7.38Foreign Travel for business promotion 0.26 2.55Seminar & Exhibition - 2.19Total 132.96 41.96
Dividend
Though there are sufficient profits, yet the Board of Directors do not recommend payment of Dividend for the FY 2014-15 for future growth with retained money.
ADDITIONAL SPACE FOR VCB UNIT AT KOLKATA
It has been provisionally agreed to hire the additional space to adjacent existing Kolkata factory to increase turnover in Kolkata VCB Unit.
Mr. Rajeev Sardana shall be visiting Kolkata from 14.7.2015 to 16.7.2015 and is authorized to take decision on the subject.
TYPE TEST
Switchgear Products have crossed 5 (five) years terms of Type Tests for some tests and it is required to be undertaken on immediate basis.
It has been decided to carry out 11KV Indoor VCB Type Test for internal arc, M2 Class Test and Capacitor Switching from KERI and for 33KV Outdoor & 11KV Outdoor shall be type tested either in CPRI or KERI and decision on the subject shall be taken after a month.
Director
Sh. SS Dutta, Director, retires by rotation and do not wish to be reappointed as Director.The Board appreciates the efforts made by him for the growth of the company and wishes him all the best for his future.
Directors’ Responsibilities Statement:
Pursuant to the provisions of Sub Section (2AA) of Section 217 of the Companies Act, 1956, your Directors confirm that
In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;
The accounting policies selected had been applied consistently and judgments and estimates made were 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 on 31st March, 2011 and of the Profit of the Company for that period;
Proper and sufficient care had been taken for the maintenance of adequate accounting records in accordance with the provisions of Companies Act, 1956 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and
The annual accounts had been prepared on a going concern basis.
Stock Exchange
As per SEBI’s directions, all the non-operational regional stock exchanges are about to get closed and Delhi Stock Exchange is one amongst them and hence our Company had applied for Dissemination Board to get delisted.
As per confirmation letter received from Delhi Stock Exchange vide their letter no. DSE LIST/3263/1469 dated 18.05.2015, we need not comply with the listing agreement made with Delhi Stock Exchange (Copy of letter enclosed)
Internal Control System
The Company has devised a flexible Internal Control System, which is commensurate with the size and nature of Company’s Business. It is periodically reviewed by qualified Internal Auditors and company continues to lay emphasis on strengthening and improving Internal Supervision and Control at various levels.
NO. OF BOARD MEETINGS
The Board of Directors duly met seven times on 19.06.2014, 01.07.2014, 26.07.2014, 13.10.2014, 21.11.2014, 16.02.2015 & 25.03.2015.
Minutes of all the Board Meetings were duly recorded in the Minutes Book.
Auditors
M/s. K.M. Agrawal & Co., Chartered Accountants, Yamuna Nagar, the Statutory Auditors shall retire at the conclusion of this Annual General Meeting and being eligible offer themselves for reappointment for the year 2015-16.
Industrial Relations
Industrial Relations during the year under review continued to be cordial and harmoniousat all levels.
Conservation Of Energy, Technology Absorption And Foreign Exchange Earnings and Outgo
Information as per Companies (Disclosure of particulars in report of Board of Directors) Rules, 1988, relating to conservation of energy and technology absorption are given in Annexure ‘A’ forming part of this report.
Research & Development
The Company is an approved R & D house by the Ministry of Science & Technology, Govt. of India. R & D activities are being done primarily directed to development of new processes/products, Import substitutions and improvement in existing products for greater customer satisfaction and cost benefit.
The statutory information on specific areas of R & D, benefits thereof and expenditure etc. are given in Annexure “B” forming part of this report.
Information Technology
The accounting and office management system of the company is fully computerized and information is available online and is well connected with its branches.
Fixed Deposit
The company has not invited/accepted any deposit from the public.
Acknowledgement
The Board of Directors has special appreciation for the dedication and contribution made by employees at all levels who through their sincerity, dedication, loyalty and hard work enabled the company to achieve good performance in manufacturing this year.
Appreciation is placed on record for continued financial support and cooperation in our day to day working by our bankers State Bank of India. We look forward for their continued support and cooperation for our future growth with considered and reasonable service &interest charges.
For and on behalf of Board of Directors
Sd/- (Sanjeev Sardana)
Place : Yamunanagar Managing DirectorDate : 16.06.2015
ANNEXURE “A” REPORT OF THE BOARD OF DIRECTORS TO THE SHAREHOLDERS
Conservation Of Energy, Technology Absorption And Foreign Exchange Earnings and Outgo
A. CONSERVATION OF ENERGY:
a) Energy conservation measures taken:
Installation of Electronic Chokes for Tube Lights to save energy. Installation of CFL tube instead of conventional lamps. Installation of Shunt Capacitor with Electric Motors. Installation of APFC Banks for improving the Power Factor.
b) Total energy consumption and energy consumption per unit of production:
A. Power and fuel consumption:
1. Electricity:
(a) PurchasedCurrent year Previous year
Units 1310328 1052728Total Amount (`) 11043101 8935408Rate per unit (`) 8.43 8.49
(b) Own Generation:
Through Diesel Generator
Total Units Generated (KWAH) : 73766Total Diesel Consumption : 27115Unit per litre of Diesel : 2.72Cost per unit generated (`) : 19.69
B. Consumption per unit of Production :
It can’t be ascertained as the Company is engaged in multi product activities.
TECHNOLOGY ABSORPTION, ADAPTATION AND INNOVATION
EFFORTS:
R&D Activity has been aimed at up gradation and development of new products/processes for backward linkages. Your company has well qualified and experienced technical professionals for carrying out result oriented R&D.
BENEFITS:
Better Profitability through diversified operations backed with sound design, development, manufacture of Quality Products, with excellent after sales service and reliability of the systems.
ANNEXURE “B”
REPORT OF THE BOARD OF DIRECTORS TO THE SHAREHOLDERS
FORM ‘B’ (See Rule 2)
Form for disclosure of particulars with respect to absorption
Research and Development (R & D)
1. Specific areas in which R & D carried out:
Successful Testing of 66 KV – 220 KV Insulators. Successful Testing of 11 Kv Drop Out Fuse & Gang Operated Air Break Switch. Development and testing off 11 Kv & 33 Kv post insulator.
2. Benefits derived as a result of the above R & D:
Manufacture of Quality Products at reduced cost of production. Enhancement in quality and customers satisfaction
3. Future plan of Action: Development of 33 Kv Drop Out Fuse & Gang Operated Air Break Switch. Development of 11-33 Kv Surge Arrestors.
4. Expenditure on R & D:
2014-15(` In Millions)
2013-14(` In Millions)
a) Capital 0.65 0.37b) Recurring 9.60 8.62c) Total 10.25 8.99Total R & D expenditure as a percentage of total turnover
0.95% 1.07%
K.M.AGRAWAL & CO.Chartered Accountants
INDEPENDENT AUDITOR'S REPORT
To,
The Members,YAMUNA POWER AND INFRASTRUCTURE LIMITED
REPORT ON THE FINANCIAL STATEMENTS
We have audited the accompanying financial statements of Yamuna Power and lnfrastructure Limited (thecompany) which comprise the Balance Sheet as at March 31,2015, the Statement of Profit and Loss and the cashflow statemenl for the year then ended, and a summary of significant accounting policies and other explanatoryinformation.
MANAGEMENT'S RESPONSIBILITY FOR THE FINANCIAL STATEMENTS
The Company's Board of Directors is responsible for the matters stated in section 134(5) of the Companies Act,2013 ("the Act") with respect to the preparation and presentation of these financial statements that give a true andfair view of the financial position and financial performance of the company in accordance with the AccountingPrinciples generally accepted in lndia, including the Accounting Standards specified under section 133 of the Act,read with rule 7 of the Companies ( Accounts ) Rules, 2014. This responsibility also includes maintenance ofadequate accounting records in accordance with the provisions of the Act for safeguarding the assets of thecompany and for preventing and detecting frauds and other irregularities; selection and application of appropriateaccounting policies; making judgments and estimates that a reasonable and prudent; and design, implementationand maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracyand completeness of the accounting records, relevant to the preparation and presentation of the financialstatements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
AUDITOR'S RESPONSIBI LITY
Our responsibility is to express an opinion on these financial statements based on our audit. We have taken intoaccount the provisions of the Act, the accounting and auditing standards and matters which are required to beincluded in the audit report under the provisions of the Act and the rules made there under.
We conducted our audit in accordance with the Standards on auditing specified under section 143(10) of the Act.Those standards require that we comply with ethical requirements and plan and perform the audit to obtainreasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in thefinancial statements. The procedures selected depend on the auditor's judgment, including the assessment ofrisks of material misstatement of the financial statements, whether due to fraud or error. ln making those riskassessments, the auditor considers internal financial control relevant to the Company's preparation of financialstatements that give a true and fair view in order to design audit procedures that are appropriate in thecircumstances, but not for the purpose of expressing an opinion on whether the company has in place anadequate internal financial controls system over financial reporting and the operating effectiveness of suchcontrols. An audit also includes evaluating the appropriateness of accounting policies used and thereasonableness of the accounting estimates made by the company's directors, as well as evaluating the overallpresentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our auditopinion on the financial statements.
OPINION
ln our opinion and to the best of our information and according to the explanations given to us, the aforesaidfinancial statements give the information required by the Act in the manner so required and giveeview in conformity with the accounting principles generally accepted in lndia, of the state of affail.frefas at March 31, 2015, and its profit for the year ended on that date.
REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS
1. As required by the Companies (Auditor's Report) Order, 2015 ("the Order") issued by the CentralGovernmentof lndiaintermsof sub-section(11)of section 143of theAct,wegiveintheAnnexureastatementonthematters specified in paragraphs 3 and 4 of the order, to the extent applicable.
2. As required by Section 143(3) of the Act, we report that:
a) We have sought and obtained all the information and explanations, which to the best of our knowledgeand belief were necessary for the purposes of our audit.
b) ln our opinion, proper books of account as requirbd by law have been kept by the company, so far as itappears from our examination of those books.
c) The Balance Sheet and the statement of Profit and Loss and cash flow statement dealt with by this reportare in agreement with the books of account.
d) ln our opinion, the aforesaid financial statements comply with the accounting standards specified undersection 133 of the Act, read with rule 7 of the Companies (Accounts) Rules, 2014.
e) On the basis of the written representation received from the directors as on March 31,2015, taken onrecord by the Board of Directors, non of the directors is disqualified as on March 31,2015 from beingappointed as a director in terms of section 164(2) of the Act; and
0 with respect to the other matters to be included in the Auditor's Report in accordance with rule 11 of theCompanies (Audit and Auditors) Rules,2014, in our opinion and to the best of our information andaccording to the explanations given to us;
L The company does not have any pending litigations which would impact its financial position.
ll. The company did not have any long term contracts including derivatives contracts for which there wereany foreseeable losses.
lll. There has been no delay in transferring amounts, required to be transferred , to the lnvestor Educationand Protection Fund by the company.
PLACE: YAMUNA NAGARDATED: JUNE 16.2015
For K.M.AGRAWAL & CO.Chart{e\ Accountants
Firm Resistratioh I'lo.: 001591N\t .)t\ .A/^'.t"\atn ''/l\
(CA.RAVND=* oulyfi?Membership No.:088390
, ..!..t.
'i," iii'i
- '' .,,1
,.:,'
oPP. STATE BANK OF PATIALA, JAGADHRT ROAD, YAMUNA NAGAR - 135 001.
PHONES: 01732-226061(0\,254162 (R), MOBILE: +91 99968 02800 email! [email protected]
K.M.AGRAWAL & CO.Chartered Accountants
ANNEXURE TO INDEPENDENT AUDITOR'S REPORT
(Refened to in paragraph 1 under the heading of "Report on other legal and regulatory requirements" of our report of even date)
i) a) The company is maintaining proper records to show full particulars, including quantitative details andsituation of all fixed assets.
b) As explained to us, the fixed assets have been physically verified by the management at appropriateintervals, which in our opinion, is reasonable considering the size and nature of its business. No materialdiscrepancies were noticed on such verification.
ii) a)As exp{ained to us, physical verification of inventory has been conducted at appropriate intervals by themanagement which, in our opinion, is reasonable.
b) The procedures of physical verification of inventory followed by the management are, in our opinion,reasonable and adequate in relation to the size of the company and the nature of its business.
c) The company is maintaining proper records of inventory. The discrepancies noticed on physical verificationbetween the physical stocks and the book records which were not material, have been properly dealt within the books of account.
iii) The company has not granted any loans, secured or unsecured, to persons covered in the registermaintained under section 189 of the Act.
iv) ln our opinion and according to the information and explanations given to us, there are adequate internalcontrol procedures commensurate with the size of the company and the nature of its business with regard topurchase of inventory and fixed assets and for the sale of goods and services. During the course of our audit,we have not observed any continuing failure to correct major weakness in internal controls.
v) ln our opinion and according to the information and explanations given to us, the company has complied withthe provisions of section 73 to 76 of The Companies Act, 2013 and the Companies (Acceptance of Deposits)Rules, 2014 with regard to deposits accepted from the public. We have been informed by the company thatno order has been passed by the company Law Board.
vi) As informed to us, the cost records have not been specified by the Central Government under sub-section (1)
of section 148 of The Companies Act, 2013 in respect of the activities carried on by the Company.
vii) a) According to records of the company and as per information and explanation given to us, the company is
regular in depositing undisputed statutory dues including Provident Fund, Employees State lnsurance,lncome Tax, Sales Tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, VAT, Cess and any otherstatutory dues applicable to it, with the appropriate authorities.
b) According to information and explanations given to us, no undisputed amounts payable in respect ofSales Tax / lncome Tax / Custom Duty / Wealth Tax / Excise Duty / Service Tax and Cess were inarrears as at 31't March, 2015 for a period of more than six months from the date they became payable.
c) According to information and explanations given to us, there were no amounts which required to be
transferred by the company to the lnvestor Education and Protection Fund in accordance with therelevant provisions of the Companies Act, 1956 (1 of 1956) and rules made there under.
viii) The company has no accumulated losses as at March 31, 2015 and has not incurred any cash losses in thecurrent financial year covered by our audit and in the immediately preceding financial year also.
ix) ln our opinion and according to the information and explanations given to us, the company has not
in repayment of dues to a financial institution, bank or debenture holders.
oPP.STATEBANKoFPATIALA,JAGADHRIRoAD'YAMUNANAGAR_13500l.PHONES: 01732-226061(0),254162 (R), MOBILE: +91 99968 02800 email: [email protected]
x)
K.M.AGRAWAL & CO.Chartered Accountants
-2-
ln our opinion and according to the information and explanations given to us, the company has givenguarantee in connection with loans taken by others from banks or finlncial institutions. tn our 6pinionJanJaccording to the information and explanation given to us, the terms and conditions of the guarant"". iiu"nare not prejudicial to the interest of the company.
The term loans obtained by the company have been applied for the purposes for which they were obtained.
To the best of our knowledge and according to the information and explanations given to us, no fraud on or bythe company has been noticed or reported during the year.
For K.M. AL & CO.Accountants
No.: 001591N
xi)
xii)
PLACE: YAMUNA NAGARDATED: JUNE 16.201S
: t,:-" i!; ti
AGRAWAL)Partner
Membership No.: 088390
OPP. STATE BANK OF PATIALA, JAGADHRI ROAD, VAPTIIXA NACAN- 135 OOI.PHONES: 01732'226061 (0),254162 (R)' MOBILE: +91 99968 02800 email: [email protected]
YAMUNA POWER AND INFRASTRUCTURE LIMITED. JAGADHRTBALANCE SHEETAS ON MARCH 3I.2015
AM6IINT INPARTICULARS NOTE NO. AS ON
3,t_03_20,r5AS ON
31.03.20{4
1,. l.or,.', oND LrABrLrrEs1.-
I r. lsrr"r"r,oroeds Funds:I la)Share Capital
I lu) neserves and Surptus
lt2.
I Non-Current Liabilities:
la) Long Term Borrowings
lb) Deferred Tax Liabilities (Net)
lc) Long Term Provisions
I3. lCurrent Liabilities:
la) Short Term Borrowings
lb) Trade Payables
lc) Other Cunent Liabitities
lo) Snort ferm Provisions
I rorAlI
II.IASSETS:t-l.lNon CurrentAssets:
la) Fixed Assets:
I i) Tangibte Assets
I ii) lntangible Assets
I iii; Capitat work-in-progress
I
lb) Non Current lnvestments
lc) Long Term Loans and Advances
I2,lCurrent Assets
la) lnventories
lO) traoe Receivabtes
lc) Cash and Cash Equivalents
lOl Strort Term Loans and Advances
I
I rorAL
lSignificant Accountinq Policies and Notes to Accounts
23
456
78I10
11
1213
14151617
1
9600000339788740 34938874C
12126141
465/.95047
9600000316722096 326322096
156/'75410237697
32369n
114290609866533?6733" 21562926
351804240
274025299163966239
194173578086152
196736780109719837341473091't2003',14
827009928 69968926'
1246509390
565'1706 130302&15
1508928210129628
671488373
129151223701788
0 12985301 1
1866719210587231
540581828
1342912514272591403276558577't72397
1795655092648024353758553858628346
827009928 699689262
ll
nf^"-"rtA^"-----l\ryamsunoersatdani4{
/ \-....-
(*J"* sardana)Joint Managing DirectorChairman
As per
Managing Director
AUDITOR'S REPORT
our separate report of even date.
,;' ,li.
t ,..;:' , ,;
::.,rACE: YAMUNA NAGARTED: JUNE 16.2015
Membership No.: 088390
YAMUNAPOWER AN D INFRASTRUCTUMpRorr lNo r_oss accounr ron rxe yean enoeo ueRdn er:ots
V
VI
Purchases of Stock in Trade
in inventories of finished goods,work in progress and
Employee benefits expenses
Finance Costs
Depreciation and Amotization Expenses
beforetax(l-ll )
't) Current Tax
2) Adjustment for Taxes of Earlier Years
3) Deferred Tax
Profit / (Loss) for the period ( lil - lV )
Earnings per equity share ( Basic and Diluted )
1 I 12518015
29265806
4551494
2471431
25.74
862698570
840302829
22395741
1503458
20892283
21.76
487572814
55105396
241041060
339461267
9528084
26645314
23583046
-1 19670
4700000
(Sanjeev Sardana)Managing Director
AUDITOR'S REPORT
As per our separate report of even date.
For K.M.AGRAWAL & CO.
YAIIUNA POWER AND INFRASTRUCTURE LIMITED. JAGADHRINOTES OI{ ACCOIUNTS ATTACHED TO AND FORMING PART OF AALATiICE SHEET AS OTiI MARCH 31.2015
AMOUNT IN I
NOTE.2:
SHARE CAPITAL:
AUTHORISED:30,00,000 Equity shares of tl0/- each
ISSUED. SUBSCRIBED AND PAID UP:1,60,000 Equity Shares of {10/- each fully paid up
30000000
9600000
30000000
9600000
Note 2.1:
Details of Shareholderc holdino more than 5% Shares in theCompany:
Sh.Sham S.SardanaYamuna lnsutech (P) Ltd.Sh.Ravi SardanaSh.Sanjeev SardanaSmt.Ved SardanaSh.Rajeev SardanaSham Sardana & Sons - HUF
% Holdinq
15.4413.479.207.176.075.976.97
% Holdino
15.4413.479.207.176.075.976.97
No. of Shares
1482201 2931 0883306881 0
582705728066920
No. ofShares
1482201293108833068810582705728066920
NOTE-3:
RESERVES AND SURPLUS:
GENERAL RESERVES:Opening BalanceAdd: Transferred from Profit & Loss Account
REVALUATION RESERVE:Opening BalanceLess: Transferred to Profit and Loss Account
BALANCE IN STATEMENT OF PROFIT AND LOSS:Opening BalanceAdd: Profitforthe yearProfi t available for AppropriationsTransfer to General Reserve
Amortisation of Depreciation of earlier yearsDividendCorporate Dividend Tax
240584060
29021573340491
47116/,632471431271830775
718307751307177
00
240584060233584060
7000000 240584060
2936206428681082 340491 29021573
349089082089228355801 1 91
7000000
70523598
48801 1 91
01440000244728 471't6463
Note 3.1:Transfer to General Reserve represents, transferred from statementof profit and loss in compliance with provision of Companies (Transfer of Profits to Reserve ) Rules, 1975 read with section 205(2A) / Rule 2 (lV) of Companies Act, 1956.
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YAMUNA POTVER At{D TNFRASTRUCruRE UutTED. .IAGADHR|
SECURED LOANS:
TERM LOANS:
Aqainst Buildinq and Plant and Machinerv:
State Bank of lndia 0 6588914
( Secured by way of hypothecation of Plant & Machinery, Land &(Other than Plant & Machinery, Land & Building of Wind Mill
Projects) besides personal guarantee of the Managing Directorthe Company)
HDFC Bank Ltd.
( Secured by way of hypothecation of Plant & Machinery of EPC
517661 2461
besides personal guarantee of the Managing Director of the
Aoainst Vehicles:
State Bank of lndia 276732HDFC Bank Ltd. 87872Tata Finance Limited 110489( Secured by way of hypothecation of vehicles owned by the
937084
besides personal guarantee ofthe Directors ofthe)
UNSECURED LOANS:
DEPOSITS
Dealership Deposits 572000
DEFERRED TAX:
Difference between book depreciation and tax depreciationOther items giving rise to timimg differences
Deferred Tax Deferred TaxAssets Liabilities
10242505
Deferred Tax Defened TaxAssets Liabilities
98691
YAMUIIA POWER AND II{FRASTRUCTURE LIMITED. JAGADHRITOTES ON ACCOIUNTS ATTACHED TO AND FORMII{G PART OF BALANCE SHEET AS ON iIARCH 3'.2015
AMOUNT IN I
NOTE.7 :
SHORTTERM BORROWNGS:
SECURED LOANS:
WORK]NG CAPITAL LOANS:
State Bank of lndia
(Secured againstiypothecation of Raw Materials, Stores & Spares,Semi-Finished and Finished Goods, documentary bills, receivablesbesides personal guarantee of the Direclors of the Company)
274025299 196736780
NOTE-8:
TRADE PAYABLES:
Sundry Creditors 163966239 1 0971 9837
NOTE-9:
OTHER CURRENT LIABILITIES:
Advances from CustomersUnclaimed DividendsTax deducted at Source
1822032269U2450061 1
3280786/652517686928
NOTE - IO :
SHORT TERM PROVISIONS:
Provisions for Employees Benefits:Expenses PayableProposed DividendCorporate Dividend TaxCunent Tax
3311524474628
00
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YAMUNA POWER AND TNFRASTRUCTTIRE LrMtTEp. JAGADHRTNOTES ON ACCOIUNTS ATTACHED TO AND FORMING PART OF BALANCE SHEET AS ON IIARCH 31.2015
AMOUNT
NOTE - 12:
NON GURRENT INVESTMENTS:
1. Quoted:
1.1. INVESTMENTS IN EQUITY INSTRUMENTS:
Punjab National Bank 4538215 Equity shares of {10/- each fully paid (Market Vatue t31046.00)
NTPC 6200100 Equig shares of <10/- each fully paid (Market Vatue {14735.00)
Petro Net LNG Ltd. 165001 100 Equity shares of {'10/- each fully paid (Market Value <188595.00) 27238
1.2. INVESTMENTS IN MUTUAL FUNDS:
SBI lnfrastructure (Mutual Fund) 500004999.90 unit of t10/- each ( Market Value t 59564.00 )
PNB Principal Mutual Fund 500 unit of ' 10/- each converted into 5000271.593 units of PNB Principal Growth Fund (Market Value
55000
3577910
600340
27238
4178250
14406704
4538
6200
16500
50000
5000
2. Unouoted:
2.1. INYESTMENTS lN EQUITy INSTRUMENTS:
2.1.1. INVESTMENT IN ASSOCIATE COMPANIES:
Horizon Agrochem Ltd.357791 Equity shares of Rs.10/- each fully paid(602750 Equity shares of Rs.10/- each fully paid)YGC Projects Ltd.60,034 Equity shares of Rs.10/- each fully paid
2.2. INVESTMENTS IN JOINT VENTURES:
NGM Yamuna Power Limited, Kenya
600340
600340
14406704
YAMUNA POWER AND INFRASTRUCTURE LIMITED. JAGADHRINOTES ON ACCOIUNTS ATTACHED TO AND FORTIING PART OF BALANCE SHEET AS ON MARCH 3I.2015
( Unsecured but considered good)
- Earnest Money Deposits 4291984 SZ47O74- Security Deposits ( Government ) Z1O3O43 1524396- Security Deposits ( Others ) g7j46o1 1012962A 3815821 10s87231
( As taken, valued and certified by the management )( Valued al lower of Cost and Net Realisable Value)
- Raw MaterialsAdd: Stocks at Project Sites & Stock in trade
- Work-in-progress- Finished GoodsAdd: Goods in transit
- Stores,Spares and Packing Material
( Unsecured but Considered Good )- Debt outstanding for a period exceeding six months 101573093 1 1009108s- Other Debts 325686047 42t2Sg14O 154711350
( lncluding Rs. NIL due from Associates Companies - Previous year Rs.NlL)
CASH AND CASH EQUIVALENTS:
- Balance with Banks:- In CurrentAccount 5455016 56g2054- ln Unpaid Dividend Account 680068 609715- Fixed Deposits 2485247f 30797561 2g5S42Sg 35946028
- Cheques in Hand s7g24g- 1361244- Cash in Hand 898776
YAMUNA POWER AND INFMSTRUCTURE LIMITED. JAGADHRINorES oN AGCoIUNTS ATTAGHED To ANo ronulnc plffi ot mnncx gt.zors
Unsecured but considered good )
Tax Deducted at Sirurce
1922878040736600
29852430
4554721763824
332907980703
104380438030323313
23513
ncome Tax Refundable - A.Y.2008-09ncome Tax Refundable - A.y.2009-10
Tax Refundable - A.Y.2010-11lncome Tax Refundable - A.Y.2012-13lncome Tax Refundable - A.Y.2013-14lncome Tax Refundable - A.Y.2014-15FBT Refundable - A.Y.2008-09
AGRAWAL)
Membership No.:088390
YAMUNA POWER AND INFRASTRUCTURE LIMITED. JAGADHRINOTES ON ACCOUNTS ATTACHED TO AND FORMING PART OF PROF]T AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH
31.2015
AMOUNT IN <
NOTE.18:
REVENUE FROM OPERATIONS:
1. SALE OF PRODUCTS:
ManufacturingTrading
2. SALE OF SERVIGES:
Power Distribution and other ProjectsService ChargesWind MillOperations
3. OTHER OPERATING REVENUES:
lnterest lncomeForeign Currency Exchange FluctuationsUnclaimed Liabilities Wriften OffBad Debts recoveredPrior Period ltemsShort and Excess RecoveriesOther Receipts
416658323532734454 949392777
19133412
1795529737000
17149"t360 11774150
NOTE.19:
OTHER INGOMES:
Dividend lncomeProfit on Sale of Fixed AssetsRent Received
YAMUNA POWER AND INFRASTRUCTURE LIMITED. JAGADHRINOTES ON ACCOUNTS ATTACHED TO AND FORMING PART OF PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH
31,2015
AMOUNT IN
GOST OF MATERIALS CONSUMED:
Opening StockAdd:Purchase of Raw MaterialFreight lnwards
Add: Excise Duty - RG23A-ll
48082765
2547756667402'130
Purchase Trading - Power Distribution and other Projects 85715167401857647
Finished GoodsStock in Trade
32050261682124813390705
'..!/
YAMUNA POWER AND INFRASTRUCTURE LIMITED. JAGADHRINOTES ON ACCOUNTS ATTaCXeO tO IHO fORmlXG plnt Or pROrr aruCl tOrSiSi lCrc€rurltt fOR tHe Venn eruOeO n,|lnCn
31.2015
NOTE.23:
EMPLOYEE BENEFITS EXPENSES:
Wages and SalariesWages and Salaries - Power Distribution and other projectsSalaries - AdministrationRemuneration and Perks to DirectorsBonusProvident Fund and Administrative ChargesESIGratuityLeave EncashmentStaff Welfare Expenses
856866716225494188805764656172365944
1274596160307764603138950
1630045
812578021559229122736605100000
4074811127437
159217662133164570
1419299
NOTE.24:
FINANCE GOSTS:
Bank and other lnterests 2g7gg3l4 21ggOB44eq h*9f,qlgPg_ o14s4}4 4814470
NOTE.25:
DEPRECIATION AND AMORTIZATION EXPENSES:
As per Depreciation Schedule g0836g0 2g923537[eis:,BgcguPgd Jrgm R Reserve Account g4o4g1 774g18g 340491 23583046
YAMUNA POWER AND INFRASTRUCTURE LIMITED. JAGADHRINorES oN ACGOUNTS ATTAcHeo to alo ronutnc paRr or pnorr AHo toss,lccorultt ron txs yelR eruoeo rno*""
31.2015
AMOUNT IN I
NOTE.23:
EMPLOYEE BENEFITS EXPENSES:
Wages and SalariesWages and Salaries - Power Distribution and other projectsSalaries - AdministrationRemuneration and Perks to DirectorsBonusProvident Fund and Administrative ChargesESIGratuityLeave EncashmentStaff Welfare Expenses
8568667162254941 88805764656172365944
1274596160307764603138950
1630045
812578021559229122736605100000
4074811127437
159217662133164570
1419299
287883746148484
NOTE.24:
FINANGE COSTS:
Bank and other lnterestsBank Charoes@
218308444814470
NOTE.25:
DEPRECIATION AND AMORTIZATION EXPENSES:
As per Depreciation Schedule 8083690 Zgg23SgT[e,s,*s,i R"e,SpJqe,"{.f.n$*Sevq 340491 7T4g1Bg g4}4g1 235g3046
YAMUNA POWER AND INFMSTRUCTURE LIMITED. JAGADHRINOTES ON ACCOUNTS ATTAqHED TO ANp, FORMTNG PART OF pROFtT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH
31.20r5
AMOUNT IN
NOTE.26:
Consumable Stores and Spares:Opening StockAdd: Purchases
Less:Closing StockPacking Materials:Opening StockAdd: Purchases
Less:Closing Stock
Erection and Commissioning ChargesJob Work ExpensesExcise DutyPower and FuelRentRepair to MachineryRepair - OtherslnsuranceFees and TaxesPrior Period ltemsLoss on Sale of Fixed AssetsLoss on sale of lnvestmentsAuditors' Remuneration:- Statutory Audit Fees- lntemalAudit Fees- Stock Audit Fees- Expenses reimbursementOther Administrative Expenses:- Printing and Stationery- Telephone Expenses- Postage and Courier Expenses- Travelling and Conveyence- Books and Periodicals- Legaland Professional Charges- E.D.P Expenses- Vehicle Running & Maintenance- Subscription and Membership- Water & Electricity Expenses- Charity and Donations- Miscellaneous Expenses- Festival Expenses- ISO 9001 Expenses- Entertainment
292247414820434404517
424590',1 2119531
1980135870994
2284986
6069007455490 5613517
21195313793848591 33791667478
45549067868527242342133641 1
15000075000
017617
5905931
41248751666107014405456049179'1795158
69709663233401
579134873757
0750523
2146746
241507644986574
610516197174172361918410042572908711528924',t02399896
01469754
150000168540
9382',1
23624 425985
412013957604604844
510007724136
6719702886563
297776'l593997894080262201
80865843257473215282
242617
1 96881
4419239661 53718127
622551521288
4391238918690
2741561625017897466
6000243531253220
182421 8475595
YAMUNA POWER AND INFRASTRUCTURE LIMITED. JAGADHRI
NOTES ON ACCOUNTS ATTACM PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH
31.2015
AMOUNT IN
Resarch and DeveloPment ExPenses:- Material Consumed for Testing- Power & Fuel- Salary- Testing Fees- Travelling-OtherR&DExpensesSales Promotion
- Training, Seminar & Exhibition Expenses- Material lnspection Charges- Freight Outwards- After Sales Services- Advertisement & PublicitY- Bad Debt Written Off- Commission, rebate & discounts- Foreign Taxes and deductions of Exports- Labour Cess- Late Delivery Charges and other deductions on power projects
- Additional Sales Tax and Work Contract Tax
5274497410672
1747938793119211763
1204596
2885531307099
10996144160912
1300209642585 32961
883166
42524301742782
29331 1 30226870435682
134491715249391
018230674176822
70954703 8923434
8616137
1011719175244
409872180
4421010
5999512360885623387435698574
1 0692736
YAMUNA POWER & INFRASTRUCTURE I..IIMITED' JAGADHRIYEAR ENDED MARCH 31. 2015
NOTE 1:
A. SIGNIFICAITIT ACCOUNTING POLICIES :
2.
BASIS OF ACCOUNTING:
The company maintains its accounts on accrual basis following the historical cost_ convention in
accordance with Generally Accepted Accounting Policies (GAAP) and in compljance with the
Accounting Standards rp""ifi"d under section 133 of the Companies Act,2013 read with rule 7 of the
Companies (Accounts) Rules, 2014 notified by the Central Government and other provisions of the
Companies Act,20l3.
REVENUE RECOGNITION:
a) Revenue from sales are recognized when all the significant risks and rewards of ownership of the
. product are passed on to the customers, which is generally on dispatch of goods and acceptance.
Sales includ-e excise duty and price variation and are recognized in terms of contracts with the
customers. Sales exclude value added tax / sales tax.
b) Service Income is recognized as per the terms of the contract with the customers'
.j Interest income on deposits is recognized at the agteed rate on accrual basis.
di Dividend income is recognized when the right to receive the payment is established.
"i Revenue from Power disiribution and other contract operations is recognized as follows:
- In case of material supplies - on the basis of dispatch.
- In case of erection & ibmmissioning work - on proportionate completion method.
FIXED ASSETS AND DEPRECIATION:
i) Fixed assets are stated at cost of acquisition or construction less accumulated depreciation except
for Land and Building which were rwalued in the year 1991-1992 and are, therefore, stated at their
revalued book values- less accumulated depreciation thereon. Cost of acquisition or construction
comprise of purchase price net of rebate & discounts, tax / duty credit availed and any directly
attributable cost of bringing the assets to its working condition for the intended use.
ii) Capital work in process includes cost of fixed assets under installation / erection as at the balance
sheet date.
iii) Depreciation is provided on pro rata basis, from the date the assets have been installed and put to
use.
iv) Depreciation on Fixed Assets have'been provided on straight line method to the extent of'
deireciable amount. Depreciation is provided based on useful life of the assets as prescribed in
Schedule II to the Companies Act,2013.
v) In case of revalued assets, the difference between the depreciation based on revaluation and the
depreciation charged on historical costs is recouped out ofrevaluation reserve.
3.
vi) Consideration is given at each Balance Sheet date to determine whether there is any indication ofimpairment of thJcanying amount of Company's fixed assets. If any indication exists, an asset's
recoverable amount is determined. An impairment loss is recognized whenever the carrying amount
of an asset exceeds its recoverable amount. rt:1""."":::::::11:,:'$'""Tf:::."i1:,ii"il'trffi:and value in use. Value in use is determined as the present value of estimated future -cash flo
from the continuing use of assets and from its disposal at the end "ii" "t.fti iif". .,..-.: :-:,{ '
-t''ii-*1',' *':t;r ., t\.\.!'I$/:
.. _ \'. .i,
4. IIIWENTORIES:
Inventories are valued at lower of the cost and net realizable value. The cost is determined as follows:
i) Raw Materials, Stores and Spares and : At Cost on FIFO BasisPacking material
ii) Work in process and Semi Finished Goods : At Cost plus appropriate production overheads.
iii) Finished Goods : At cost plus appropriate production overheads.
Work in Process at sites relating to Power Distribution and other Projects is valued at Cost of RawMaterial plus appropriate overheads.
EMPLOYEES BENEFITS:5.
i)
ii)
iii)
Benefits such as salaries, wages, bonus, etc. are recognized during the period in which theemployee renders the related services.
Company's contributions to provident fund, employee state insurance scheme are recognized inprofit and loss account during the period in which the employee renders the related services.
Contribution to Gratuity fund are paid by way of premium under'Group Gratuity Policy' withLife Insurance Corporation oflndia and the expenditure is booked at each balance sheet date onthe basis ofactuarial valuations.
6.
7.
8.
IIIWESTMENTS:
Investments are valued at their actual Cost of acquisition.
BORROWING COSTS:
All borrowing costs are recognized as an expense in the period in which they are incurred.
F'OREIGN CURRENCY TRANSACTIONS:
,, ,* dian Rupee.
i) Foreign curency transactions are recorded in the reporting currency using the exchange rate at thedate of the transaction. Exchange differences arising at the time of its settlement and on reporting ateach balance sheet date of the Company, are recognized as income or expense in the period inwhich they arise.
RESEARCH AND DEVELOPMENT:
i) Revenue Expenditure on research and development is charged under respective heads of account.
ii) Capital Expenditure on Research and Development is included as part of fixed asseb anddepreciated on the same basis as other fixed assets.
9.
10. TAXES ON INCOME:
i) Cunent tax is determined in respect of taxable income for the year in accordance with the
provisions of Income Tax Act, 1961.
ii) Defened tax is recognized on timing differences between the accounted income and the taxable
income for the year, and quantified using the tax rates and laws enacted as on the balance sheet
date, subject to ihe consideration ofprudence for deferred tax assets. These are capable ofreversal
in one or more accounting periods.
PROVISIONS AND CONTINGENT LIABILITIES:
The Company recognizes a provision when there is a present obligation as a result of past events and itis more tit ety ttran not that- an outflow of resources would be required to settle the obligation and a
reliable estimate can be made. A disclosure for a contingent liability is made when there is a present
obligation that may, but probably will not, require an outflow of resources. Where there is a possible
oblilation for which the likelihood of outflow of resources is remote, no provision or disclosure is
made.
11.
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B. NOTES TO ACCOUNTS:
I ) The previous year's figures have been reworked, regrouped, rearranged and reclassified wherever necessaryto make it comparable with those of the current year's figures. Amounts and other disclosures for thepreceding year are included as an integral part ofthe current year financial statements and are to be read inrelation to the amounts and other disclosures relating to the current year.
2) The Company's appeals against the order of the Additional Commissioner of the Central Excise are pendingwith the relevant appellate authority, where in the Company has disputed the levy of a sum of ( 111.86Lacs (Previous Year < I I 1.86 Lacs) as Excise Duty and penalties thereon for the year 2002-2003 and 2003-2004. Further, the company has preferred an appeal against the order of Joint Commissioner (Appeals),Commercial Tax-II, Dehradun, Uttrakhand involving VAT of { 18.80 Lacs for the year 2004-2005 & 2005-06 (Previous Year { 18.80 )
Foreign'Letter of Credits to the tune of < 202.70 Lacs (Previous Year < 237.96 Lacs) & Inland Letter ofCredits to tune of t 2.65 Lacs (Previous Year t 155.78 Lacs) had been issued to the Company's constituentsby State Bank of India against Counter Guarantee of the Company. A sum of { 10.27 Lacs (Previous Year t39.37 Lacs) has been retained by the bank as margin in the shape of fixed deposit.
Performance Bank Guarantees/Other Bank Guarantees to the tune of t 1577.15 Lacs (Previous Year (1390.10 Lacs) had been issued to Company's constituents by State Bank of India against the CounterGuarantee of the Company. A sum of { 154.35 Lacs (Previous Year < 14298 Lacs) has been retained by thebank as margin in the shape of fixed deposit.
Sundry Creditors includes < 601.41 Lacs due to Small Scale Industrial Undertakings (SSIs) (Previous year{ 340.28 Lacs).
Revenue Expenditure on Research and Development during the year is t 96.43 Lacs (Previous year < 86.16Lacs) and Capital Expenditure is { 6.55 Lacs (Previous Year NIL)
Investment Activities :
The Company has leased out some of its Land & Building to its associate concems and has earned rentalsamounting to7 73.46 Lacs (Previous year < 73.57 Lacs).
3)
4)
5)
6)
7)
8) Additional information on the Profit & Loss Account for the year ended March 31,2015:
Princinal Raw Materials Consumed
The principal raw material consumed is Silicon Rubber and metal fittings. The same are available invarious multiple sizes and accordingly exact quantities cannot be ascertained.
CIF Value of Imnorts: Ct in Lacs)
D. Payments in Foreisn Currency (Cash Basis): (t in Lacs)
E. Earnines in Foreiqn Exchanse: (t in Lacs)
B.
c.
A.CLASS OF GOODS UNIT OF QTY. QUANTITY
2014-2015QUANTITY
2013-2014Polymeric Insulator MV Nos. 956639 777743Vacuum Circuit Breaker Nos. 1027 985
Particulars 20t4-2015 2013-2014Raw Material 1304.98 298.42
Particulars 2014-201s 2013-2014Commission 22.54 73.75Foreisn Travel 2.64 2s.49Seminar & Exhibition 0.00 21.88Total 25.t8 tzt.l2
Particulars 2014-20ts 2013-2014FOB Value of Exports 4839.73 2521.23
F. Value of Imnorted/Indisenous Raw Materials. Components and Spares Consumed :
9) Details of Deferred Tax Assets: (t in Lacs)
Particulars 201+2015 2013-2014{ in Lacs Percentage
("hl{ in Lacs Percentage
(oa\I Raw Materials
Imported 1346.70 16.90 278.67 4.66- Indisenous 6623.s| 83.10 5699.94 95.34Total 7970.21 100.00 5978.61 100.00
ii) Components and Soares- Indiqenous 101.52 100.00 78.99 100.00Total 101.52 100.00 78.99 100.00
Particulars 2014-2015 2A'3-2014Deferred Asset 0.15 0.08Defened Liabilitv 315.69 304.18Net Deferred Liabilitv 315.54 304.r0Total Deferred Tax LiabiliW 102.38 98.67
l0) Related Partv Disclosures: ({ in Lacs)
I l) Earnings per Share:
t2) Managerial Remuneration: (t in Lacs)
s.No NAME OF ASSOCIATED PERSONS NATURE OFTRANSACTION
2014-ls 2013-14
I Yamuna Cable Accessories (P) Ltd. Purchases 3441.99 2057.62Sales 170.69 67.92
Payment ofDividend
0.t2 0.12
Receiot of Rent 66.36 66.36Receivable 198.88 59.56
2. Yamuna Insutech (P) Ltd. Purchases 333.42 235.34Payment ofDividend
1.93 1.93
Rece pt ofRent 2.67 2.67Receivable 54.23 24.25
J. Foster Sardana Polychem (P) Ltd. Payment ofDividend
0.01 0.01
4. NGM Yamuna Powerl-td. Sales 671.32 102.07Receivable 20s.98 1.62
5. YGC Projects Ltd. Receipt ofDividend
2.40 0.90
Payment ofDividend
0.05 0.00
Receipt of Rent 2.40 2.406. Shyam Sardana & Sons - HUF Payment ofRent 0.60 0.607. Sh. Sanjeev Sardana Receipt of Rent 2.03 1.58
8. Sh. Sanjeev Sardana Director'sRemuneration
36.00 30.00
Particulars 2014-ts 2013-14i) Net Profit after Tax K in lacs) 247.2s 208.92i) Number of Equity shares outstandins fNos.) 960000 960000
(iii) Basic and Diluted Eamings per share (t) (Face Value- ( 10 each - FullyPaid up)
25.76 21.76
Particulars 2014-15 2013-14Directors' Remuneration 45.95 51.00Directors' Sittine Fees 0.00 0.00Total 45.95 51.00
COMPUTATION OF NET PROFIT UNDER SECTION 198 OF COMPANIES ACT.2013:in Lacs
Particulars 2014-2015 2013-2014Profit Before Taxation 292.66 223.96Less : Profit on sale offixed assets 0.00 0.01Less: Bad Debts recovered 3.00 0.00Add : Bad Debt Written Off 0.00 t3.45Add: Loss on sale of fixed assets 7.51 0.00Add: Loss on sale of Investments 21.47 14.70Add : Managerial Remuneration 45.95 51.00Net Profit in terms of Section 198 of the Companies Act,1956
364.59 303.10t"
I 3) IMPORTAI{T PERFORMANCE INDICATORS
Particulars 2014-15 20t3-14
Net Profit before Tax to Sales % 2.70 2.67
Profit after Tax to Sales % 2.28 2.49
Retum onNet Worth % 7.08 6.40
Current Ratio No. ofTimes 1.44 1.54
Sales to Total Assets No. ofTimes 1.31 1.20
Retum on Capital Employed % 10.54 12.70
Gross Profit Ratio % 16.98 20.24
Debtors' Velocity Month's Sales 4.74 3.79
Creditors' Velocity Month's Purchase 2.6t 2.30
14) BALAI{CE SHEET ABSTRACT AND COI.I{PANY'S GENERAL BUSINESS PROFILE
REGISTRATION DETAILS:Registration No.Balance Sheet Date
Public IssueBonus Issue
Total Liabilitied
SOURCES OF FUNDS:
Paid-up CapitalSecured LoansDefened Tax Liabilities
APPLICATION OF FUNDS:
Net Fixed AssetsNet Current AssetsAccumulated Losses
Turnover & Other IncomesProfit before taxEarning per share
H-651531.3.2015
State Code
Nil Right Issue
Total Assets
05
CAPITAL RAISED DURING THE YEAR (Amount in Lacs)
Nil . Private PlacementShares issued against the Detachable Wanants Nil
POSITION oF MOBILISATION AND DEPLOYMENT oF FUNDS (Amount in Lacs)
NilNil
3397.89Nil
150.89Nil
10832.52247.140.00
PERFORMANCE OF COMPAI\Y (Amount in Lacs)
96.002750.18
102.38
1303.034892.53Nil
l I 125.18292.66
25.74
Reserves & SurplusUnsecured Loans
InvestmentsMisc. Expenditure
Total ExpenditureProfit after taxDividend Rate
GENERIC NAMES OF THREE PRINCIPAL PRODUCTS OF COMPAIYY (As per monstary.tgrms)
Item Code No. (ITC Code) product Description ,l .]..:ii8546 90 90 Polymeric Insulator , nr, ;,' lj8537 20 00 Vacuum Circuit Breaker .' il '" i ,'l
f. -'-t/
YAMUNA POWER AND INFRASTRUCTURE LTD.
REGD.OFFICE: Sardana Nagar, Ambala Road, Yamunanagar-135 003 (Haryana) [INDIA]
FORM OF PROXY
Registered Folio No. _____________
I/We ____________________________________resident of _________________________________________
being a Member(s) of the above-named Company, hereby appoint Mr./Mrs.
________________________________resident of ________________________________________________
or failing him Mr./Mrs._____________________________ resident of ____________________________
as my/our proxy to attend and vote on my/our behalf at the Forty Second Annual General
Meeting of the Company to be held on Saturday, 11th July 2015 at 11.30 A.M. and at any
adjournment thereof.
Signed this _________ day of ____________2015.
____________________ ___________________________________(Signature of Proxy) (Signature of Sole/First shareholder)
NOTE: This form of proxy duly completed, stamped and signed should be deposited at the Registered Office of the Company not less than 48 hours before commencement of the meeting.
---------------------------------------------------------------------------------------------------------------------------------This attendance slip duly filled in to be handed over at the entrance of the Meeting Hall
YAMUNA POWER AND INFRASTRUCTURE LIMITED
I hereby record my presence at the 42nd ANNUAL GENERAL MEETING OF YAMUNA POWER
AND INFRASTRUCTURE LIMITED, Sardana Nagar, Ambala Road, Yamunanagar – 135003
(Haryana).
Name of the attending member (in block letters) ____________________________________________
Member’s Folio Number_____________________________________
No. of Shares Held _____________________________
Name of Proxy (in block letters, to be filled in if the proxy attends instead of the member)
_____________________________________________________________________________________________
____________________________
Member’s/Proxy’s Signature
To be signed at the time of handing over this slip.
AffixRe1/-
RevenueStamp
