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As Of Filer Filing For·On·As Docs:Size Issuer Agent 8/23/18 Constellation Alpha Capital Corp. PREM14A 8/22/18 1:9.6M Toppan Vite NY Inc./FA |
Document/Exhibit Description Pages Size 1: PREM14A Preliminary Proxy Statement HTML 3.45M
tv500875_prem14a - none - 41.3140864s |
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| | | | | 188 | | | |
| | | | | F-1 | | | |
| | | | | A-1 | | | |
| | | | | B-1 | | |
| | |
For the year ended March 31
|
| |||||||||||||||
(in INR lakhs, except earnings per share amounts) (unaudited)
|
| |
2018
|
| |
2017
|
| |
2016
|
| |||||||||
IFRS – Earnings from continuing operations
|
| | | | 2,779.54 | | | | | | (433.57) | | | | | | 115.42 | | |
Differences: | | | | | | | | | | | | | | | | | | | |
Provision for Inventory (a)
|
| | | | — | | | | | | — | | | | | | — | | |
Reversal of amortisation on Intangibles not eligible for recognition (other
than software for internal use) (b) |
| | | | 73.29 | | | | | | 64.62 | | | | | | 64.62 | | |
Unrealised gain on Mutual Funds (c)
|
| | | | (1.11) | | | | | | — | | | | | | (3.02) | | |
Reversal of impact on fair valuation of rental security deposits (d)
|
| | | | — | | | | | | — | | | | | | — | | |
Actuarial loss on post employment defined benefit plans (gratuity) (e)
|
| | | | (31.14) | | | | | | (66.51) | | | | | | — | | |
Deferred tax liability on investment in subsidiaries (f)
|
| | | | (66.62) | | | | | | (28.45) | | | | | | (9.42) | | |
Initial recognition of Non-controlling interest at fair value (h)
|
| | | | — | | | | | | — | | | | | | — | | |
Impact on measurement of post employment defined benefit plans (i)
|
| | | | — | | | | | | — | | | | | | — | | |
Impact on provisioning for accounts receivables based on expected credit loss model (k)
|
| | | | 154.14 | | | | | | (25.11) | | | | | | 125.72 | | |
Tax impact on above
|
| | | | (69.90) | | | | | | 7.79 | | | | | | (65.88) | | |
U.S. GAAP – Earnings from continuing operations
|
| | | | 2,838.19 | | | | | | (481.24) | | | | | | 227.44 | | |
U.S. GAAP – Net Earnings
|
| | | | 2,838.19 | | | | | | (481.24) | | | | | | 227.44 | | |
Deemed dividend related to beneficial conversion feature of mandatorily convertible preferred stock (g)
|
| | | | — | | | | | | — | | | | | | — | | |
U.S. GAAP – Net earnings applicable to common shares
|
| | | | 2,838.19 | | | | | | (481.24) | | | | | | 227.44 | | |
|
| | |
For the year ended March 31
|
| |||||||||||||||
(in INR lakhs, except earnings per share amounts) (unaudited)
|
| |
2018
|
| |
2017
|
| |
2016
|
| |||||||||
Net earnings per common share – basic | | | | | | | | | | | | | | | | | | | |
Continuing operations
|
| | | | 2,838.19 | | | | | | (481.24) | | | | | | 227.44 | | |
Weighted average number of shares
|
| | | | 6.60 | | | | | | 6.60 | | | | | | 6.60 | | |
| | | | | 429.75 | | | | | | (72.87) | | | | | | 34.44 | | |
Net earnings per common share – diluted | | | | | | | | | | | | | | | | | | | |
Continuing operations
|
| | | | 2,838.19 | | | | | | 1,121.30 | | | | | | 1,588.95 | | |
Weighted average number of shares
|
| | | | 161.19 | | | | | | 161.19 | | | | | | 161.19 | | |
| | | | | 17.61 | | | | | | (72.87) | | | | | | 9.86 | | |
|
B. Reconciliation of Other Comprehensive Income (in INR lakhs) (unaudited) |
| |
2018
|
| |
2017
|
| |
2016
|
| |||||||||
IFRS – Other Comprehensive Loss
|
| | | | (22.33) | | | | | | (45.05) | | | | | | — | | |
Differences: | | | | | | | | | | | | | | | | | | | |
(a) Unrealised gain on Mutual Funds
|
| | | | 1.11 | | | | | | — | | | | | | 3.02 | | |
(b) Actuarial gain/loss on post employment defined benefit plans (gratuity)
|
| | | | 31.14 | | | | | | 66.51 | | | | | | — | | |
(c) Tax impact on above
|
| | | | (8.81) | | | | | | (21.46) | | | | | | — | | |
U.S. GAAP – Other Comprehensive Income
|
| | | | 1.11 | | | | | | — | | | | | | 3.02 | | |
|
C. Reconciliation of Shareholders’ Equity (in INR lakhs) (unaudited) |
| |
2018
|
| |
2017
|
| |
2016
|
| |
2015
|
| ||||||||||||
IFRS – Total shareholders’ equity
|
| | | | 31,360.86 | | | | | | 28,612.57 | | | | | | 18,625.92 | | | | | | 18,615.92 | | |
Differences: | | | | | | | | | | | | | | | | | | | | | | | | | |
Provision for Inventory (a)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Derecognition of Intangibles not eligible for capitalisation
(other than software for internal use) (b) |
| | | | (478.98) | | | | | | (552.27) | | | | | | (616.89) | | | | | | (681.50) | | |
Deferred tax liability on investments in subsidiaries (f)
|
| | | | (176.33) | | | | | | (109.71) | | | | | | (81.25) | | | | | | (71.83) | | |
Reversal of goodwill amortised prior to the date of transition to IFRS (j)
|
| | | | 116.34 | | | | | | 116.34 | | | | | | 116.34 | | | | | | 116.34 | | |
Impact of recognition of beneficial conversion feature on
Preferred stock as additional paid- in capital (g) |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Impact of deemed dividends on preferred stock (g)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Impact on measurement of post employment defined benefit plans (i)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Impact on provisioning for accounts receivables based on
expected credit loss model (k) |
| | | | 254.75 | | | | | | 100.61 | | | | | | 125.72 | | | | | | — | | |
Tax impact on above
|
| | | | 37.34 | | | | | | 116.05 | | | | | | 129.73 | | | | | | 195.60 | | |
U.S. GAAP – Total shareholders’ equity
|
| | | | 31,113.99 | | | | | | 28,283.60 | | | | | | 18,299.56 | | | | | | 18,174.52 | | |
|
Income Statement Data:
|
| | | | | | | | | | | ||||||||||||||||||||
Loss from operations
|
| | | | (158) | | | | | | (23) | | | | | | (306) | | | | | | — | | | | | | (3) | | |
Interest income
|
| | | | 650 | | | | | | 15 | | | | | | 1,208 | | | | | | — | | | | | | — | | |
Unrealized loss on marketable securities
|
| | | | (48) | | | | | | (24) | | | | | | (45) | | | | | | — | | | | | | — | | |
Net income (loss)
|
| | | | 444 | | | | | | (32) | | | | | | 857 | | | | | | — | | | | | | (3) | | |
Basic and diluted net loss per share
|
| | | | (0.02) | | | | | | (0.01) | | | | | | (0.05) | | | | | | (0.00) | | | | | | (0.00) | | |
Weighted average shares outstanding – basic and diluted
|
| | | | 5,091,071 | | | | | | 3,645,704 | | | | | | 4,721,185 | | | | | | 3,750,000 | | | | | | 3,750,000 | | |
Balance Sheet Data:
|
| |
As of
June 30, 2018 |
| |
As of
March 31, 2018 |
| |
As of
March 31, 2017 |
| |
As of
March 31, 2016 |
| ||||||||||||
Working capital (deficiency)
|
| | | | 343 | | | | | | 501 | | | | | | (148) | | | | | | (112) | | |
Trust account
|
| | | | 146,952 | | | | | | 146,350 | | | | | | — | | | | | | — | | |
Total assets
|
| | | | 147,405 | | | | | | 146,894 | | | | | | 195 | | | | | | 150 | | |
Total liabilities
|
| | | | 5,141 | | | | | | 5,073 | | | | | | 173 | | | | | | 128 | | |
Value of ordinary shares subject to possible
conversion |
| | | | 137,264 | | | | | | 136,820 | | | | | | — | | | | | | — | | |
Shareholders’ equity
|
| | | | 5,000 | | | | | | 5,000 | | | | | | 22 | | | | | | 22 | | |
| | |
In INR Million
|
| |
In USD Million
|
| ||||||||||||||||||||||||||||||
Fiscal Year Ended March 31.
|
| |
2018
|
| |
2017
|
| |
2016
|
| |
2018
|
| |
2017
|
| |
2016
|
| ||||||||||||||||||
INCOME | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Revenue from Operations
|
| | | | 3,533 | | | | | | 3,323 | | | | | | 2,928 | | | | | | 52 | | | | | | 49 | | | | | | 43 | | |
Other Income
|
| | | | 12 | | | | | | 12 | | | | | | 19 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Total Income
|
| | | | 3,544 | | | | | | 3,335 | | | | | | 2,947 | | | | | | 52 | | | | | | 49 | | | | | | 43 | | |
EXPENSES
|
| | | | | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | — | | |
Cost of Materials Consumed
|
| | | | 385 | | | | | | 341 | | | | | | 312 | | | | | | 6 | | | | | | 5 | | | | | | 5 | | |
Other Operating Expenses
|
| | | | 1,021 | | | | | | 1,059 | | | | | | 1,032 | | | | | | 15 | | | | | | 15 | | | | | | 15 | | |
Employee Benefits Expense
|
| | | | 636 | | | | | | 615 | | | | | | 457 | | | | | | 9 | | | | | | 9 | | | | | | 7 | | |
Other Expenses
|
| | | | 531 | | | | | | 542 | | | | | | 444 | | | | | | 8 | | | | | | 8 | | | | | | 6 | | |
Finance Costs
|
| | | | 186 | | | | | | 365 | | | | | | 297 | | | | | | 3 | | | | | | 5 | | | | | | 4 | | |
Depreciation and Amortization Expense
|
| | | | 371 | | | | | | 371 | | | | | | 320 | | | | | | 5 | | | | | | 5 | | | | | | 5 | | |
Total Expenses
|
| | | | 3,130 | | | | | | 3,294 | | | | | | 2,861 | | | | | | 46 | | | | | | 48 | | | | | | 42 | | |
Reported Profit/(Loss) Before Tax
|
| | | | 414 | | | | | | 41 | | | | | | 86 | | | | | | 6 | | | | | | 1 | | | | | | 1 | | |
Tax Expense
|
| | | | 136 | | | | | | 85 | | | | | | 74 | | | | | | 2 | | | | | | 1 | | | | | | 1 | | |
Reported Profit/(Loss) for the Year
|
| | | | 278 | | | | | | (43) | | | | | | 12 | | | | | | 4 | | | | | | (1) | | | | | | 0 | | |
Other Comprehensive Income
|
| | | | (2) | | | | | | (5) | | | | | | — | | | | | | 0 | | | | | | 0 | | | | | | — | | |
Non-controlling Interest
|
| | | | 3 | | | | | | 1 | | | | | | 1 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | |
Reported Profit/(Loss) After Tax
|
| | | | 273 | | | | | | (48) | | | | | | 11 | | | | | | 4 | | | | | | (1) | | | | | | 0 | | |
|
| | |
In INR Million
|
| |
In USD Million
|
| ||||||||||||||||||||||||||||||
Fiscal Year Ended March 31.
|
| |
2018
|
| |
2017
|
| |
2016
|
| |
2018
|
| |
2017
|
| |
2016
|
| ||||||||||||||||||
ASSETS | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Non-current assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Property, Plant and Equipment (Gross)
|
| | | | 3,468 | | | | | | 3,299 | | | | | | 3,110 | | | | | | 51 | | | | | | 48 | | | | | | 45 | | |
Property, Plant and Equipment (Net)
|
| | | | 2,470 | | | | | | 2,649 | | | | | | 2,809 | | | | | | 36 | | | | | | 39 | | | | | | 41 | | |
Capital work-in-progress
|
| | | | 0 | | | | | | — | | | | | | 59 | | | | | | 0 | | | | | | — | | | | | | 1 | | |
Goodwill and Intangible Assets
|
| | | | 827 | | | | | | 826 | | | | | | 847 | | | | | | 12 | | | | | | 12 | | | | | | 12 | | |
Other Non-current Assets
|
| | | | 473 | | | | | | 340 | | | | | | 250 | | | | | | 7 | | | | | | 5 | | | | | | 4 | | |
Total Non-current assets
|
| | | | 3,771 | | | | | | 3,815 | | | | | | 3,966 | | | | |
|
55
|
| | | |
|
56
|
| | | |
|
58
|
| |
Current Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Inventory
|
| | | | 123 | | | | | | 68 | | | | | | 51 | | | | | | 2 | | | | | | 1 | | | | | | 1 | | |
Trade Receivables
|
| | | | 1,290 | | | | | | 856 | | | | | | 649 | | | | | | 19 | | | | | | 12 | | | | | | 9 | | |
Cash and Cash Equivalents
|
| | | | 106 | | | | | | 90 | | | | | | 161 | | | | | | 2 | | | | | | 1 | | | | | | 2 | | |
Other Current Assets
|
| | | | 163 | | | | | | 184 | | | | | | 183 | | | | | | 2 | | | | | | 3 | | | | | | 3 | | |
Total Current assets
|
| | | | 1,683 | | | | | | 1,197 | | | | | | 1,045 | | | | |
|
25
|
| | | |
|
17
|
| | | |
|
15
|
| |
Total Assets
|
| | | | 5,454 | | | | | | 5,013 | | | | | | 5,011 | | | | |
|
80
|
| | | |
|
73
|
| | | |
|
73
|
| |
EQUITY AND LIABILITIES | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Equity
|
| | | | 3,136 | | | | | | 2,861 | | | | | | 1,863 | | | | | | 46 | | | | | | 42 | | | | | | 27 | | |
Non-current liabilities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Borrowings
|
| | | | 648 | | | | | | 784 | | | | | | 844 | | | | | | 9 | | | | | | 11 | | | | | | 12 | | |
Deferred Tax Liabilities
|
| | | | 100 | | | | | | 65 | | | | | | 31 | | | | | | 1 | | | | | | 1 | | | | | | 0 | | |
Other Non-current liabilities
|
| | | | 31 | | | | | | 39 | | | | | | 1,001 | | | | | | 0 | | | | | | 1 | | | | | | 15 | | |
Total Non-current liabilities
|
| | | | 779 | | | | | | 888 | | | | | | 1,875 | | | | |
|
11
|
| | | |
|
13
|
| | | |
|
27
|
| |
Current liabilities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Borrowings
|
| | | | 466 | | | | | | 325 | | | | | | 256 | | | | | | 7 | | | | | | 5 | | | | | | 4 | | |
Trade Payables
|
| | | | 140 | | | | | | 127 | | | | | | 102 | | | | | | 2 | | | | | | 2 | | | | | | 1 | | |
Other current liabilities
|
| | | | 932 | | | | | | 811 | | | | | | 915 | | | | | | 14 | | | | | | 12 | | | | | | 13 | | |
Total Current liabilities
|
| | | | 1,538 | | | | | | 1,264 | | | | | | 1,273 | | | | |
|
22
|
| | | |
|
18
|
| | | |
|
19
|
| |
Total Equity and Liabilities
|
| | | | 5,454 | | | | | | 5,013 | | | | | | 5,011 | | | | |
|
80
|
| | | |
|
73
|
| | | |
|
73
|
| |
|
| | |
In INR Million
|
| |
In USD Million
|
| ||||||||||||||||||||||||||||||
Fiscal Year Ended March 31.
|
| |
2018
|
| |
2017
|
| |
2016
|
| |
2018
|
| |
2017
|
| |
2016
|
| ||||||||||||||||||
Cash flow from operating activities
|
| | | | 365 | | | | | | 629 | | | | | | 551 | | | | | | 5 | | | | | | 9 | | | | | | 8 | | |
Cash flow from investing activities
|
| | | | (114) | | | | | | (321) | | | | | | (598) | | | | | | (2) | | | | | | (5) | | | | | | (9) | | |
Cash flow from financing activities
|
| | | | (234) | | | | | | (379) | | | | | | 121 | | | | | | (3) | | | | | | (6) | | | | | | 2 | | |
Net Increase/(Decrease) in Cash & Cash Equivalents
|
| | | | 16 | | | | | | (71) | | | | | | 74 | | | | |
|
0
|
| | | |
|
(1)
|
| | | |
|
1
|
| |
Cash & Cash Equivalents at the beginning of the
year |
| | | | 90 | | | | | | 161 | | | | | | 86 | | | | | | 1 | | | | | | 2 | | | | | | 1 | | |
Cash & Cash Equivalents at the end of the year
|
| | | | 106 | | | | | | 90 | | | | | | 161 | | | | |
|
2
|
| | | |
|
1
|
| | | |
|
2
|
| |
|
| | |
As of June 30, 2018
|
| |||||||||
Amount in USD thousands
|
| |
No Redemption
|
| |
Maximum
Conversion into Cash |
| ||||||
Balance Sheet Data: | | | | | | | | | |||||
Total assets
|
| | | | 248,640 | | | | | | 224,406 | | |
Total liabilities
|
| | | | 96,915 | | | | | | 96,915 | | |
Stockholders’ equity
|
| | | | 151,726 | | | | | | 127,492 | | |
|
| | |
For the year ended
March 31, 2018 |
| |
For the quarter ended
June 30, 2018 |
| ||||||||||||||||||
Amount in USD thousands except per share data in USD
|
| |
No
Redemption |
| |
Maximum
Conversion into Cash |
| |
No
Redemption |
| |
Maximum
Conversion into Cash |
| ||||||||||||
Income Statement Data: | | | | | | | | | | | | | | | | ||||||||||
Net revenue
|
| | | | 51,569 | | | | | | 51,569 | | | | | | 13,246 | | | | | | 13,246 | | |
Results from operations
|
| | | | 8,581 | | | | | | 8,581 | | | | | | 3,190 | | | | | | 3,190 | | |
Total comprehensive income
|
| | | | 2,311 | | | | | | 2,311 | | | | | | 1,292 | | | | | | 1,292 | | |
Basic earnings per share
|
| | | | 0.11 | | | | | | 0.12 | | | | | | 0.06 | | | | | | 0.07 | | |
|
Annual Data (Year Ended March 31)
|
| |
High(1)
|
| |
Low(1)
|
| |
Average(2)
|
| |
Period End(1)
|
| ||||||||||||
| | |
(Indian rupees per U.S. dollar)
|
| |||||||||||||||||||||
2011
|
| | | | 47.49 | | | | | | 47.49 | | | | | | 45.49 | | | | | | 44.54 | | |
2012
|
| | | | 53.71 | | | | | | 53.71 | | | | | | 47.81 | | | | | | 50.89 | | |
2013
|
| | | | 57.13 | | | | | | 57.13 | | | | | | 54.36 | | | | | | 54.52 | | |
2014
|
| | | | 68.80 | | | | | | 68.80 | | | | | | 60.35 | | | | | | 60.00 | | |
2015
|
| | | | 63.67 | | | | | | 63.67 | | | | | | 61.34 | | | | | | 62.31 | | |
2016
|
| | | | 68.84 | | | | | | 68.84 | | | | | | 65.58 | | | | | | 66.25 | | |
2017
|
| | | | 68.86 | | | | | | 64.85 | | | | | | 66.96 | | | | | | 64.85 | | |
2018
|
| | | | 65.71 | | | | | | 63.38 | | | | | | 64.48 | | | | | | 65.11 | | |
Recent Monthly Data
|
| |
High(1)
|
| |
Low(1)
|
| ||||||
| | |
(Indian rupees per U.S. dollar)
|
| |||||||||
September 2017
|
| | | | 65.71 | | | | | | 63.78 | | |
October 2017
|
| | | | 65.48 | | | | | | 64.70 | | |
November 2017
|
| | | | 65.46 | | | | | | 64.29 | | |
December 2017
|
| | | | 64.57 | | | | | | 63.83 | | |
January 2018
|
| | | | 64.01 | | | | | | 63.38 | | |
February 2018
|
| | | | 65.20 | | | | | | 63.93 | | |
March 2018
|
| | | | 65.24 | | | | | | 64.83 | | |
April 2018
|
| | | | 66.92 | | | | | | 64.92 | | |
May 2018
|
| | | | 68.38 | | | | | | 66.52 | | |
June 2018
|
| | | | 68.81 | | | | | | 66.87 | | |
July 2018
|
| | | | 69.01 | | | | | | 68.42 | | |
| | | | | | | | | | | | | | |
Scenario 1
Assuming No Conversions into Cash |
| |
Scenario 2
Assuming Maximum Conversions into Cash |
| ||||||||||||||||||||||||||||||
| | |
(A)
Medall (Note) |
| |
(B)
Constellation |
| |
Pro Forma
Adjustments |
| | | | | | | |
Pro Forma
Balance Sheet |
| |
Pro Forma
Adjustments |
| | | | | | | |
Pro Forma
Balance Sheet |
| ||||||||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Current assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents
|
| | | | 1,545 | | | | | | 386 | | | | | | 146,952 | | | | |
|
(1)
|
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | (10,000) | | | | |
|
(2)
|
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | (11) | | | | |
|
(3)
|
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | 51,095 | | | | |
|
(4)
|
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | (165,732) | | | | |
|
(6)
|
| | | | | 24,234 | | | | | | (24,234) | | | | |
|
(5)
|
| | | | | — | | |
Restricted cash
|
| | | | 4 | | | | | | — | | | | | | — | | | | | | | | | | | | 4 | | | | | | — | | | | | | | | | | | | 4 | | |
Marketable securities
|
| | | | 19 | | | | | | — | | | | | | — | | | | | | | | | | | | 19 | | | | | | — | | | | | | | | | | | | 19 | | |
Receivables, net
|
| | | | 19,208 | | | | | | — | | | | | | — | | | | | | | | | | | | 19,208 | | | | | | — | | | | | | | | | | | | 19,208 | | |
Inventories
|
| | | | 1,802 | | | | | | — | | | | | | — | | | | | | | | | | | | 1,802 | | | | | | — | | | | | | | | | | | | 1,802 | | |
Prepaid expenses and other current assets
|
| | | | 2,364 | | | | | | 68 | | | | | | 1,022 | | | | |
|
(2)
|
| | | | | 3,453 | | | | | | — | | | | | | | | | | | | 3,453 | | |
Total Current Assets
|
| | | | 24,941 | | | | | | 453 | | | | | | 23,326 | | | | | | | | | | | | 48,720 | | | | | | (24,234) | | | | | | | | | | | | 24,486 | | |
Cash and marketable securities held in Trust Account
|
| | | | — | | | | | | 146,952 | | | | | | (146,952) | | | | |
|
(1)
|
| | | | | — | | | | | | — | | | | | | | | | | | | — | | |
Property, plant and equipment, net
|
| | | | 36,068 | | | | | | — | | | | | | — | | | | | | | | | | | | 36,068 | | | | | | — | | | | | | | | | | | | 36,068 | | |
Equity securities
|
| | | | 175 | | | | | | — | | | | | | — | | | | | | | | | | | | 175 | | | | | | — | | | | | | | | | | | | 175 | | |
Intangible assets, net
|
| | | | 1,527 | | | | | | — | | | | | | (1,527) | | | | |
|
(6)
|
| | | | | — | | | | | | — | | | | | | | | | | | | — | | |
Goodwill
|
| | | | 10,019 | | | | | | — | | | | | | 148,376 | | | | |
|
(6)
|
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | (504) | | | | |
|
(7)
|
| | | | | 157,892 | | | | | | — | | | | | | | | | | | | 157,892 | | |
Income tax assets, net
|
| | | | 2,483 | | | | | | — | | | | | | — | | | | | | | | | | | | 2,483 | | | | | | — | | | | | | | | | | | | 2,483 | | |
Deferred tax assets
|
| | | | 941 | | | | | | — | | | | | | (941) | | | | |
|
(7)
|
| | | | | — | | | | | | — | | | | | | | | | | | | — | | |
Other assets
|
| | | | 3,302 | | | | | | — | | | | | | — | | | | | | | | | | | | 3,302 | | | | | | — | | | | | | | | | | | | 3,302 | | |
Total Assets
|
| | | | 79,457 | | | | | | 147,405 | | | | | | 21,778 | | | | | | | | | | | | 248,640 | | | | | | (24,234) | | | | | | | | | | | | 224,406 | | |
Liabilities and Shareholders’ Equity | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Current liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Accounts payable, accrued expenses and other current liabilities
|
| | | | 11,634 | | | | | | 99 | | | | | | (8) | | | | |
|
(2)
|
| | | | | 11,725 | | | | | | — | | | | | | | | | | | | 11,725 | | |
Advances from related parties
|
| | | | — | | | | | | 11 | | | | | | (11) | | | | |
|
(3)
|
| | | | | — | | | | | | — | | | | | | | | | | | | — | | |
Short-term borrowings, current portion
|
| | | | 10,726 | | | | | | — | | | | | | 5,109 | | | | |
|
(4)
|
| | | | | 15,835 | | | | | | — | | | | | | | | | | | | 15,835 | | |
Amounts due to Sellers
|
| | | | — | | | | | | — | | | | | | 13,139 | | | | |
|
(6)
|
| | | | | 13,139 | | | | | | — | | | | | | | | | | | | 13,139 | | |
Income taxes payable
|
| | | | 99 | | | | | | — | | | | | | — | | | | | | | | | | | | 99 | | | | | | — | | | | | | | | | | | | 99 | | |
Total Current Liabilities
|
| | | | 22,459 | | | | | | 110 | | | | | | 18,229 | | | | | | | | | | | | 40,798 | | | | | | — | | | | | | | | | | | | 40,798 | | |
Long-term debt
|
| | | | 9,464 | | | | | | — | | | | | | 45,985 | | | | |
|
(4)
|
| | | | | 55,449 | | | | | | — | | | | | | | | | | | | 55,449 | | |
Deferred underwriting fees
|
| | | | — | | | | | | 5,031 | | | | | | (5,031) | | | | |
|
(2)
|
| | | | | — | | | | | | — | | | | | | | | | | | | — | | |
Deferred tax liabilities
|
| | | | 1,663 | | | | | | — | | | | | | (1,445) | | | | |
|
(7)
|
| | | | | 218 | | | | | | — | | | | | | | | | | | | 218 | | |
Other liabilities
|
| | | | 449 | | | | | | — | | | | | | — | | | | | | | | | | | | 449 | | | | | | — | | | | | | | | | | | | 449 | | |
Total Liabilities
|
| | | | 34,035 | | | | | | 5,141 | | | | | | 57,739 | | | | | | | | | | | | 96,915 | | | | | | — | | | | | | | | | | | | 96,915 | | |
Commitments and Contingencies | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ordinary shares subject to redemption
|
| | | | — | | | | | | 137,264 | | | | | | (137,264) | | | | |
|
(5)
|
| | | | | — | | | | | | — | | | | | | | | | | | | — | | |
Equity | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Non-redeemable preferred stock
|
| | | | 30,461 | | | | | | — | | | | | | (30,461) | | | | |
|
(6)
|
| | | | | — | | | | | | — | | | | | | | | | | | | — | | |
Common stock
|
| | | | 96 | | | | | | — | | | | | | (96) | | | | |
|
(6)
|
| | | | | — | | | | | | — | | | | | | | | | | | | — | | |
Ordinary shares
|
| | | | — | | | | | | 3,703 | | | | | | 137,264 | | | | |
|
(5)
|
| | | | | 140,967 | | | | | | (24,234) | | | | |
|
(5)
|
| | | | | 116,733 | | |
Additional paid-in capital
|
| | | | 13,223 | | | | | | — | | | | | | (13,223) | | | | |
|
(6)
|
| | | | | — | | | | | | — | | | | | | | | | | | | — | | |
Accumulated other comprehensive income
|
| | | | 2 | | | | | | — | | | | | | (2) | | | | |
|
(6)
|
| | | | | — | | | | | | — | | | | | | | | | | | | — | | |
Retained earnings
|
| | | | 1,529 | | | | | | 1,297 | | | | | | (3,939) | | | | |
|
(2)
|
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | (1,529) | | | | |
|
(6)
|
| | | | | (2,642) | | | | | | — | | | | | | | | | | | | (2,642) | | |
Total Shareholders’ Equity
|
| | | | 45,311 | | | | | | 5,000 | | | | | | 88,014 | | | | | | | | | | | | 138,325 | | | | | | (24,234) | | | | | | | | | | | | 114,091 | | |
Noncontrolling interest
|
| | | | 110 | | | | | | — | | | | | | 13,290 | | | | |
|
(6)
|
| | | | | 13,401 | | | | | | — | | | | | | | | | | | | 13,401 | | |
Total Equity
|
| | | | 45,422 | | | | | | 5,000 | | | | | | 101,304 | | | | | | | | | | | | 151,726 | | | | | | (24,234) | | | | | | | | | | | | 127,492 | | |
Total Liabilities and Equity
|
| | | | 79,457 | | | | | | 147,405 | | | | | | 21,778 | | | | | | | | | | | | 248,640 | | | | | | (24,234) | | | | | | | | | | | | 224,406 | | |
|
|
Cash paid at closing
|
| | | $ | 165,732 | | |
|
Indemnity holdbacks
|
| | | | 13,139 | | |
|
Cash to be paid to acquire remaining interest of Medall
|
| | | | 13,401 | | |
|
Total consideration
|
| | | $ | 192,272 | | |
| Allocated to: | | | | | | | |
|
Cash
|
| | | $ | 1,545 | | |
|
Restricted cash
|
| | | | 4 | | |
|
Marketable securities
|
| | | | 19 | | |
|
Receivables
|
| | | | 19,208 | | |
|
Inventories
|
| | | | 1,802 | | |
|
Prepaid expenses and other
|
| | | | 2,364 | | |
|
Property and equipment
|
| | | | 36,068 | | |
|
Equity securities
|
| | | | 175 | | |
|
Income tax assets
|
| | | | 2,483 | | |
|
Other assets
|
| | | | 3,302 | | |
|
Accounts payable, accrued expenses and other current liabilities
|
| | | | (11,634) | | |
|
Income taxes payable
|
| | | | (99) | | |
|
Long-term debt
|
| | | | (20,190) | | |
|
Other liabilities
|
| | | | (449) | | |
|
Deferred tax liability
|
| | | | (218) | | |
|
Net assets assumed
|
| | | | 34,380 | | |
|
Excess of purchase price over net liabilities assumed before allocation to identifiable intangible assets and goodwill
|
| | | $ | 157,892 | | |
|
| | | | | | | | | | | | | | |
Scenario 1
Assuming No Conversions into Cash |
| |
Scenario 1
Assuming Maximum Conversions into Cash |
| ||||||||||||||||||||||||||||||
| | |
(A)
Medall (Note) |
| |
(B)
Constellation |
| |
Pro Forma
Adjustments |
| | | | | | | |
Pro Forma
Income Statement |
| |
Pro Forma
Adjustments |
| | | | | | | |
Pro Forma
Income Statement |
| ||||||||||||||||||
Net revenue
|
| | | | 13,246 | | | | | | — | | | | | | — | | | | | | | | | | | | 13,246 | | | | | | — | | | | | | | | | | | | 13,246 | | |
Cost of sales
|
| | | | 6,688 | | | | | | — | | | | | | — | | | | | | | | | | | | 6,688 | | | | | | — | | | | | | | | | | | | 6,688 | | |
Selling, general and administrative expenses
|
| | | | 1,980 | | | | | | 158 | | | | | | (23) | | | | |
|
(1)
|
| | | | | 2,115 | | | | | | — | | | | | | | | | | | | 2,115 | | |
Depreciation and amortization
|
| | | | 1,252 | | | | | | — | | | | | | — | | | | | | | | | | | | 1,252 | | | | | | — | | | | | | | | | | | | 1,252 | | |
Operating income (loss)
|
| | | | 3,326 | | | | | | (158) | | | | | | 23 | | | | | | | | | | | | 3,190 | | | | | | — | | | | | | | | | | | | 3,190 | | |
Other income (expense): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest income
|
| | | | — | | | | | | 650 | | | | | | (650) | | | | |
|
(2)
|
| | | | | — | | | | | | — | | | | | | | | | | | | — | | |
Unrealized loss on marketable securities held in Trust Account
|
| | | | — | | | | | | (48) | | | | | | — | | | | | | | | | | | | (48) | | | | | | — | | | | | | | | | | | | (48) | | |
Interest expense
|
| | | | (726) | | | | | | — | | | | | | (575) | | | | |
|
(3)
|
| | | | | (1,301) | | | | | | — | | | | | | | | | | | | (1,301) | | |
Other income, net
|
| | | | 87 | | | | | | — | | | | | | — | | | | | | | | | | | | 87 | | | | | | — | | | | | | | | | | | | 87 | | |
Income (loss) before income tax expense
|
| | | | 2,687 | | | | | | 444 | | | | | | (1,202) | | | | | | | | | | | | 1,929 | | | | | | — | | | | | | | | | | | | 1,929 | | |
Provision for income
taxes |
| | | | (911) | | | | | | — | | | | | | 275 | | | | |
|
(4)
|
| | | | | (636) | | | | | | — | | | | | | | | | | | | (636) | | |
Net income (loss)
|
| | | | 1,776 | | | | | | 444 | | | | | | (927) | | | | | | | | | | | | 1,292 | | | | | | — | | | | | | | | | | | | 1,292 | | |
Net income attributable to noncontrolling
interest |
| | | | (11) | | | | | | — | | | | | | (79) | | | | |
|
(5)
|
| | | | | (90) | | | | | | — | | | | | | | | | | | | (90) | | |
Net income (loss) attributable to shareholders
|
| | | | 1,765 | | | | | | 444 | | | | | | (1,006) | | | | | | | | | | | | 1,202 | | | | | | — | | | | | | | | | | | | 1,202 | | |
Weighted average shares outstanding, basic and
diluted |
| | | | | | | | | | 5,091,071 | | | | | | 14,920,884 | | | | |
|
(6)
|
| | | | | 20,011,955 | | | | | | (2,370,580) | | | | |
|
(6)
|
| | | | | 17,641,375 | | |
Basic and diluted net income (loss)
per share |
| | | | | | | | | | (0.02) | | | | | | | | | | | | | | | | | | 0.06 | | | | | | | | | | | | | | | | | | 0.07 | | |
|
| | | | | | | | | | | | | | |
Scenario 1
Assuming No Conversions into Cash |
| |
Scenario 2
Assuming Maximum Conversions into Cash |
| ||||||||||||||||||||||||||||||
| | |
(C)
Medall (Note) |
| |
(D)
Constellation |
| |
Pro Forma
Adjustments |
| | | | | | | |
Pro Forma
Income Statement |
| |
Pro Forma
Adjustments |
| | | | | | | |
Pro Forma
Income Statement |
| ||||||||||||||||||
Net revenue
|
| | | | 51,569 | | | | | | — | | | | | | — | | | | | | | | | | | | 51,569 | | | | | | — | | | | | | | | | | | | 51,569 | | |
Cost of sales
|
| | | | 28,369 | | | | | | — | | | | | | — | | | | | | | | | | | | 28,369 | | | | | | — | | | | | | | | | | | | 28,369 | | |
Selling, general and administrative expenses
|
| | | | 9,006 | | | | | | 306 | | | | | | — | | | | | | | | | | | | 9,313 | | | | | | — | | | | | | | | | | | | 9,313 | | |
Depreciation and amortization
|
| | | | 5,307 | | | | | | — | | | | | | — | | | | | | | | | | | | 5,307 | | | | | | — | | | | | | | | | | | | 5,307 | | |
Operating income (loss)
|
| | | | 8,887 | | | | | | (306) | | | | | | — | | | | | | | | | | | | 8,581 | | | | | | — | | | | | | | | | | | | 8,581 | | |
Other income (expense): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest income
|
| | | | — | | | | | | 1,208 | | | | | | (1,208) | | | | |
|
(2)
|
| | | | | — | | | | | | — | | | | | | | | | | | | — | | |
Unrealized loss on marketable securities held in Trust Account
|
| | | | — | | | | | | (45) | | | | | | — | | | | | | | | | | | | (45) | | | | | | — | | | | | | | | | | | | (45) | | |
Interest expense
|
| | | | (2,719) | | | | | | — | | | | | | (2,533) | | | | |
|
(3)
|
| | | | | (5,252) | | | | | | — | | | | | | | | | | | | (5,252) | | |
Other income, net
|
| | | | 167 | | | | | | — | | | | | | — | | | | | | | | | | | | 167 | | | | | | — | | | | | | | | | | | | 167 | | |
Income (loss) before income tax expense
|
| | | | 6,335 | | | | | | 856 | | | | | | (3,741) | | | | | | | | | | | | 3,450 | | | | | | — | | | | | | | | | | | | 3,450 | | |
Provision for income taxes
|
| | | | (2,192) | | | | | | — | | | | | | 1,053 | | | | |
|
(4)
|
| | | | | (1,138) | | | | | | — | | | | | | | | | | | | (1,138) | | |
Net income (loss)
|
| | | | 4,143 | | | | | | 856 | | | | | | (2,688) | | | | | | | | | | | | 2,311 | | | | | | — | | | | | | | | | | | | 2,311 | | |
Net income attributable to noncontrolling interest
|
| | | | (44) | | | | | | — | | | | | | (117) | | | | |
|
(5)
|
| | | | | (161) | | | | | | — | | | | | | | | | | | | (161) | | |
Net income (loss) attributable to shareholders
|
| | | | 4,099 | | | | | | 856 | | | | | | (2,805) | | | | | | | | | | | | 2,150 | | | | | | — | | | | | | | | | | | | 2,150 | | |
Weighted average shares outstanding, basic and diluted
|
| | | | | | | | | | 4,721,185 | | | | | | 14,920,884 | | | | |
|
(6)
|
| | | | | 19,642,069 | | | | | | (2,370,580) | | | | |
|
(6)
|
| | | | | 17,271,489 | | |
Basic and diluted net income (loss)
per share |
| | | | | | | | | | (0.05) | | | | | | | | | | | | | | | | | | 0.11 | | | | | | | | | | | | | | | | | | 0.12 | | |
|
| | |
Scenario 1
Combined (Assuming No Redemptions for Cash) |
| |
Scenario 2
Combined (Assuming Maximum Redemptions for Cash) |
| ||||||||||||||||||
| | | | | | | | | | ||||||||||||||||
Weighted average shares calculation, basic and diluted
|
| | | | | | | | | | | | | | | | | | | | | | | | |
CNAC weighted average public shares
outstanding |
| | | | 5,091,071 | | | | | | 4,721,185 | | | | | | 5,091,071 | | | | | | 4,721,185 | | |
CNAC rights converted to shares
|
| | | | 1,493,625 | | | | | | 1,493,625 | | | | | | 1,493,625 | | | | | | 1,493,625 | | |
CNAC shares subject to redemption reclassified to equity
|
| | | | 13,427,259 | | | | | | 13,427,259 | | | | | | 11,056,679 | | | | | | 11,056,679 | | |
Weighted average shares outstanding
|
| | | | 20,011,955 | | | | | | 19,642,069 | | | | | | 17,641,375 | | | | | | 17,271,489 | | |
|
| | |
As of March 31,
|
| | | | | | | | |||||||||||||||||||||||
| | |
Medall
(in INR Lakhs) |
| |
Adjustments
for US GAAP and IFRS Differences (in INR Lakhs) |
| | | | | | | |
Adjusted
Medall (in INR Lakhs) |
| |
Medall
(in USD thousands) |
| |
Pro Forma Balance Sheet Classification
|
| ||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash and cash
equivalents |
| | | | 1,058 | | | | | | — | | | | | | | | | | | | 1,058 | | | | | | 1,545 | | | | Cash and cash equivalents | |
Restricted cash
|
| | | | 3 | | | | | | — | | | | | | | | | | | | 3 | | | | | | 4 | | | | Restricted cash | |
Marketable securities
|
| | | | 13 | | | | | | — | | | | | | | | | | | | 13 | | | | | | 19 | | | | Marketable securities | |
Accounts receivable, net
|
| | | | 12,903 | | | | | | 255 | | | | |
|
(1)
|
| | | | | 13,158 | | | | | | 19,208 | | | | Accounts receivable, net | |
Inventories
|
| | | | 1,235 | | | | | | — | | | | | | | | | | | | 1,235 | | | | | | 1,802 | | | | Inventories | |
Prepaid expenses
|
| | | | 607 | | | | | | — | | | | | | | | | | | | 607 | | | | | | 886 | | | |
Prepaid expenses and other current assets
|
|
Operational advances
|
| | | | 935 | | | | | | — | | | | | | | | | | | | 935 | | | | | | 1,365 | | | |
Prepaid expenses and other current assets
|
|
Other current assets
|
| | | | 77 | | | | | | — | | | | | | | | | | | | 77 | | | | | | 113 | | | |
Prepaid expenses and other current assets
|
|
Total current assets
|
| | | | 16,830 | | | | | | 255 | | | | | | | | | | | | 17,085 | | | | | | 24,941 | | | | | |
Equity securities
|
| | | | 120 | | | | | | — | | | | | | | | | | | | 120 | | | | | | 175 | | | | Equity securities | |
Property, plant and equipment,
net |
| | | | 24,707 | | | | | | — | | | | | | | | | | | | 24,707 | | | | | | 36,068 | | | | Property, plant and equipment, net | |
Identifiable intangible assets, net
|
| | | | 1,525 | | | | | | (479) | | | | |
|
(2)
|
| | | | | 1,046 | | | | | | 1,527 | | | | Identifiable intangible assets, net | |
Goodwill
|
| | | | 6,747 | | | | | | 116 | | | | |
|
(3)
|
| | | | | 6,863 | | | | | | 10,019 | | | | Goodwill | |
Income tax assets, net
|
| | | | 1,701 | | | | | | — | | | | | | | | | | | | 1,701 | | | | | | 2,483 | | | | Income tax assets, net | |
Deferred tax assets
|
| | | | 645 | | | | | | — | | | | | | | | | | | | 645 | | | | | | 941 | | | | Deferred tax assets | |
Security deposits
|
| | | | 1,526 | | | | | | 136 | | | | |
|
(4)
|
| | | | | 1,662 | | | | | | 2,426 | | | | Other noncurrent assets | |
Bank deposits
|
| | | | 416 | | | | | | — | | | | | | | | | | | | 416 | | | | | | 608 | | | | Other noncurrent assets | |
Other noncurrent assets
|
| | | | 320 | | | | | | (136) | | | | |
|
(4)
|
| | | | | 183 | | | | | | 268 | | | | Other noncurrent assets | |
Total assets
|
| | | | 54,536 | | | | | | (108) | | | | | | | | | | | | 54,428 | | | | | | 79,457 | | | | | |
Liabilities and Equity | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Accounts payable
|
| | | | 6,639 | | | | | | — | | | | | | | | | | | | 6,639 | | | | | | 9,692 | | | | Accounts payable, accrued expenses and other current liabilities |
|
Short-term borrowings, current portion
|
| | | | 7,347 | | | | | | — | | | | | | | | | | | | 7,347 | | | | | | 10,726 | | | | Short-term borrowings, current portion | |
Accrued compensation and related items
|
| | | | 508 | | | | | | — | | | | | | | | | | | | 508 | | | | | | 742 | | | | Accounts payable, accrued expenses and other current liabilities |
|
Income taxes payable
|
| | | | 68 | | | | | | — | | | | | | | | | | | | 68 | | | | | | 99 | | | | Income taxes payable | |
Other current liabilities
|
| | | | 822 | | | | | | — | | | | | | | | | | | | 822 | | | | | | 1,200 | | | | Accounts payable, accrued expenses and other current liabilities |
|
Total current liabilities
|
| | | | 15,385 | | | | | | — | | | | | | | | | | | | 15,385 | | | | | | 22,459 | | | | | |
Long-term debt
|
| | | | 6,483 | | | | | | — | | | | | | | | | | | | 6,483 | | | | | | 9,464 | | | | Long-term debt | |
Deferred tax liabilities
|
| | | | 1,000 | | | | | | 139 | | | | |
|
(5)
|
| | | | | 1,139 | | | | | | 1,663 | | | | Deferred tax liabilities | |
Other noncurrent
liabilities |
| | | | 308 | | | | | | — | | | | | | | | | | | | 308 | | | | | | 449 | | | | Other noncurrent liabilities | |
Total liabilities
|
| | | | 23,175 | | | | | | 139 | | | | | | | | | | | | 23,314 | | | | | | 34,035 | | | | | |
Non-redeemable preferred stock class A
|
| | | | 8,853 | | | | | | — | | | | | | | | | | | | 8,853 | | | | | | 12,923 | | | | Non-redeemable preferred stock | |
Non-redeemable preferred stock class B
|
| | | | 90 | | | | | | — | | | | | | | | | | | | 90 | | | | | | 131 | | | | Non-redeemable preferred stock | |
Non-redeemable preferred stock class C
|
| | | | 108 | | | | | | — | | | | | | | | | | | | 108 | | | | | | 157 | | | | Non-redeemable preferred stock | |
Non-redeemable preferred stock class D
|
| | | | 2,500 | | | | | | — | | | | | | | | | | | | 2,500 | | | | | | 3,650 | | | | Non-redeemable preferred stock | |
Non-redeemable preferred stock class E
|
| | | | 3,250 | | | | | | — | | | | | | | | | | | | 3,250 | | | | | | 4,745 | | | | Non-redeemable preferred stock | |
Non-redeemable preferred stock class F
|
| | | | 6,066 | | | | | | — | | | | | | | | | | | | 6,066 | | | | | | 8,856 | | | | Non-redeemable preferred stock | |
Common stock Normal
|
| | | | 65 | | | | | | — | | | | | | | | | | | | 65 | | | | | | 95 | | | | Common Stock | |
Common stock Series A
|
| | | | 0 | | | | | | — | | | | | | | | | | | | 0 | | | | | | 0 | | | | Common Stock | |
Common stock Series B
|
| | | | 1 | | | | | | — | | | | | | | | | | | | 1 | | | | | | 1 | | | | Common Stock | |
Common stock Series C
|
| | | | 0 | | | | | | — | | | | | | | | | | | | 0 | | | | | | 0 | | | | Common Stock | |
Additional paid-in capital
|
| | | | 9,058 | | | | | | — | | | | | | | | | | | | 9,058 | | | | | | 13,223 | | | | Additional paid-in capital | |
Retained earnings
|
| | | | 1,295 | | | | | | (248) | | | | |
|
(6)
|
| | | | | 1,047 | | | | | | 1,529 | | | | Retained earnings | |
Accumulated other comprehensive income
|
| | | | — | | | | | | 1 | | | | |
|
(7)
|
| | | | | 1 | | | | | | 2 | | | |
Accumulated other comprehensive income
|
|
Total shareholders' equity
|
| | | | 31,285 | | | | | | (247) | | | | | | | | | | | | 31,038 | | | | | | 45,311 | | | | | |
Equity attributable to noncontrolling interests
|
| | | | 76 | | | | | | — | | | | | | | | | | | | 76 | | | | | | 110 | | | | Equity attributable to noncontrolling interests |
|
Total equity
|
| | | | 31,361 | | | | | | (247) | | | | | | | | | | | | 31,114 | | | | | | 45,422 | | | | | |
Total liabilities and equity
|
| | | | 54,536 | | | | | | (108) | | | | | | | | | | | | 54,428 | | | | | | 79,457 | | | | | |
|
| | |
For the Three Months Ended March 31, 2018
|
| | | | |||||||||||||||||||||||||||
| | |
Medall
(in INR Lakhs) |
| |
Adjustments
for US GAAP and IFRS Differences (in INR Lakhs) |
| | | | | | | |
Adjusted
Medall (in INR Lakhs) |
| |
Medall
(in USD thousands) |
| |
Pro Forma Income Statement Classification
|
| ||||||||||||
Net revenue
|
| | | | 9,074 | | | | | | — | | | | | | | | | | | | 9,074 | | | | | | 13,246 | | | | Net revenue | |
Cost of sales
|
| | | | 4,582 | | | | | | — | | | | | | | | | | | | 4,582 | | | | | | 6,688 | | | | Cost of sales | |
Depreciation and
amortisation |
| | | | 876 | | | | | | (18) | | | | |
|
(A)
|
| | | | | 858 | | | | | | 1,252 | | | | Depreciation and amortization | |
Selling, general, and administrative
expenses |
| | | | 1,387 | | | | | | (31) | | | | |
|
(B)
|
| | | | | 1,356 | | | | | | 1,980 | | | | Selling, general, and administrative expenses |
|
Operating Income
|
| | | | 2,229 | | | | | | 49 | | | | | | | | | | | | 2,278 | | | | | | 3,326 | | | | | |
Other income, net
|
| | | | 60 | | | | | | (0) | | | | |
|
(C)
|
| | | | | 60 | | | | | | 87 | | | | Other income/(expense), net | |
Interest expense
|
| | | | 498 | | | | | | — | | | | | | | | | | | | 498 | | | | | | 726 | | | | Interest expense | |
Income before Taxes
|
| | | | 1,792 | | | | | | 49 | | | | | | | | | | | | 1,840 | | | | | | 2,687 | | | | | |
Tax expense
|
| | | | 590 | | | | | | 34 | | | | |
|
(D)
|
| | | | | 624 | | | | | | 911 | | | | Provision for income taxes | |
Net Income before allocation to non controlling interest
|
| | | | 1,202 | | | | | | 15 | | | | | | | | | | | | 1,216 | | | | | | 1,776 | | | | | |
Less: Net income attributable to noncontrolling interest
|
| | | | 8 | | | | | | — | | | | | | | | | | | | 8 | | | | | | 11 | | | | Net income attributable to noncontrolling interest |
|
Net Income after allocation to non controlling interest
|
| | | | 1,194 | | | | | | 15 | | | | | | | | | | | | 1,209 | | | | | | 1,765 | | | | | |
|
| | |
For the Year Ended March 31, 2018
|
| | | | |||||||||||||||||||||||||||
| | |
Medall
(in INR Lakhs) |
| |
Adjustments
for US GAAP and IFRS Differences (in INR Lakhs) |
| | | | | | | |
Adjusted
Medall (in INR Lakhs) |
| |
Medall
(in USD thousands) |
| |
Pro Forma Income Statement Classification
|
| ||||||||||||
Net revenue
|
| | | | 35,325 | | | | | | — | | | | | | | | | | | | 35,325 | | | | | | 51,569 | | | | Net revenue | |
Cost of sales
|
| | | | 19,433 | | | | | | — | | | | | | | | | | | | 19,433 | | | | | | 28,369 | | | | Cost of sales | |
Depreciation and
amortization |
| | | | 3,709 | | | | | | (73) | | | | |
|
(A)
|
| | | | | 3,635 | | | | | | 5,307 | | | | Depreciation and amortization | |
Selling, general, and administrative
expenses |
| | | | 6,292 | | | | | | (123) | | | | |
|
(B)
|
| | | | | 6,169 | | | | | | 9,006 | | | | Selling, general, and administrative expenses |
|
Operating Income
|
| | | | 5,891 | | | | | | 196 | | | | | | | | | | | | 6,088 | | | | | | 8,887 | | | | | |
Other income, net
|
| | | | 115 | | | | | | (1) | | | | |
|
(C)
|
| | | | | 114 | | | | | | 167 | | | | Other income/(expense), net | |
Interest expense
|
| | | | 1,863 | | | | | | — | | | | | | | | | | | | 1,863 | | | | | | 2,719 | | | | Interest expense | |
Income before Taxes
|
| | | | 4,144 | | | | | | 195 | | | | | | | | | | | | 4,339 | | | | | | 6,335 | | | | | |
Tax expense
|
| | | | 1,365 | | | | | | 137 | | | | |
|
(D)
|
| | | | | 1,501 | | | | | | 2,192 | | | | Provision for income taxes | |
Net Income before allocation to non controlling interest
|
| | | | 2,780 | | | | | | 59 | | | | | | | | | | | | 2,838 | | | | | | 4,143 | | | | | |
Less: Net income attributable to noncontrolling interest
|
| | | | 30 | | | | | | — | | | | | | | | | | | | 30 | | | | | | 44 | | | | Net income attributable to noncontrolling interest |
|
Net Income after allocation to non controlling interest
|
| | | | 2,749 | | | | | | 59 | | | | | | | | | | | | 2,808 | | | | | | 4,099 | | | | | |
|
USD in thousands, except share and per share amounts in USD
|
| |
Medall
|
| |
CNAC
|
| |
Pro Forma
Combined Assuming No Redemptions for Cash |
| |
Pro Forma
Combined Assuming Maximum Redemptions for Cash |
| ||||||||||||
Three Months Ended March 31, 2018 (Medall) and Three Months Ended June 30, 2018 (CNAC)
|
| | | | | | | | | | | | | | | | | | | | | | | | |
Net income attributable to shareholders
|
| | | | 1,765 | | | | | | 444 | | | | | | 1,202 | | | | | | 1,202 | | |
Shareholders’ equity
|
| | | | 45,422 | | | | | | 5,000 | | | | | | 151,726 | | | | | | 127,492 | | |
Weighted average shares outstanding – basic and diluted
|
| | | | | | | | | | 5,091,071 | | | | | | 20,011,955 | | | | | | 17,641,375 | | |
Basic and diluted net income (loss) per share
|
| | | | | | | | | | (0.02) | | | | | | 0.06 | | | | | | 0.07 | | |
Shareholders’ equity per share – basic and
diluted |
| | | | | | | | | | 0.98 | | | | | | 7.58 | | | | | | 7.23 | | |
Year Ended March 31, 2018 | | | | | | | | | | | | | | | | | | | | | | | | | |
Net income attributable to shareholders
|
| | | | 4,099 | | | | | | 856 | | | | | | 2,150 | | | | | | 2,150 | | |
Weighted average shares outstanding – basic and diluted
|
| | | | | | | | | | 4,721,185 | | | | | | 19,642,069 | | | | | | 17,271,489 | | |
Basic and diluted net income (loss) per share
|
| | | | | | | | | | (0.05) | | | | | | 0.11 | | | | | | 0.12 | | |
| | |
For the year ended March 31
|
| |||||||||||||||
(in INR lakhs, except earnings per share amounts) (unaudited)
|
| |
2018
|
| |
2017
|
| |
2016
|
| |||||||||
IFRS – Earnings from continuing operations
|
| | | | 2,779.54 | | | | | | (433.57) | | | | | | 115.42 | | |
Differences: | | | | | | | | | | | | | | | | | | | |
Provision for Inventory (a)
|
| | | | — | | | | | | — | | | | | | — | | |
Reversal of amortisation on Intangibles not eligible for recognition (other than software for internal use) (b)
|
| | | | 73.29 | | | | | | 64.62 | | | | | | 64.62 | | |
Unrealised gain on Mutual Funds (c)
|
| | | | (1.11) | | | | | | — | | | | | | (3.02) | | |
Reversal of impact on fair valuation of rental security deposits (d)
|
| | | | — | | | | | | — | | | | | | — | | |
Actuarial loss on post employment defined benefit plans (gratuity) (e)
|
| | | | (31.14) | | | | | | (66.51) | | | | | | — | | |
Deferred tax liability on investment in subsidiaries (f)
|
| | | | (66.62) | | | | | | (28.45) | | | | | | (9.42) | | |
Initial recognition of Non-controlling interest at fair value (h)
|
| | | | — | | | | | | — | | | | | | — | | |
Impact on measurement of post employment defined benefit plans (i)
|
| | | | — | | | | | | — | | | | | | — | | |
Impact on provisioning for accounts receivables based on expected credit loss model (k)
|
| | | | 154.14 | | | | | | (25.11) | | | | | | 125.72 | | |
Tax impact on above
|
| | | | (69.90) | | | | | | 7.79 | | | | | | (65.88) | | |
U.S. GAAP – Earnings from continuing operations
|
| | | | 2,838.19 | | | | | | (481.24) | | | | | | 227.44 | | |
U.S. GAAP – Net Earnings
|
| | | | 2,838.19 | | | | | | (481.24) | | | | | | 227.44 | | |
|
| | |
For the year ended March 31
|
| |||||||||||||||
(in INR lakhs, except earnings per share amounts) (unaudited)
|
| |
2018
|
| |
2017
|
| |
2016
|
| |||||||||
Deemed dividend related to beneficial conversion feature of mandatorily convertible preferred stock (g)
|
| | | | — | | | | | | — | | | | | | — | | |
U.S. GAAP – Net earnings applicable to common shares
|
| | | | 2,838.19 | | | | | | (481.24) | | | | | | 227.44 | | |
Net earnings per common share – basic | | | | | | | | | | | | | | | | | | | |
Continuing operations
|
| | | | 2,838.19 | | | | | | (481.24) | | | | | | 227.44 | | |
Weighted average number of shares
|
| | | | 6.60 | | | | | | 6.60 | | | | | | 6.60 | | |
| | | | | 429.75 | | | | | | (72.87) | | | | | | 34.44 | | |
Net earnings per common share – diluted | | | | | | | | | | | | | | | | | | | |
Continuing operations
|
| | | | 2,838.19 | | | | | | 1,121.30 | | | | | | 1,588.95 | | |
Weighted average number of shares
|
| | | | 161.19 | | | | | | 161.19 | | | | | | 161.19 | | |
| | | | | 17.61 | | | | | | (72.87) | | | | | | 9.86 | | |
|
B. Reconciliation of Other Comprehensive Income (in INR lakhs) (unaudited) |
| |
2018
|
| |
2017
|
| |
2016
|
| |||||||||
IFRS – Other Comprehensive Loss
|
| | | | (22.33) | | | | | | (45.05) | | | | | | — | | |
Differences: | | | | | | | | | | | | | | | | | | | |
(a) Unrealised gain on Mutual Funds
|
| | | | 1.11 | | | | | | — | | | | | | 3.02 | | |
(b) Actuarial gain/loss on post employment defined benefit plans (gratuity)
|
| | | | 31.14 | | | | | | 66.51 | | | | | | — | | |
(c) Tax impact on above
|
| | | | (8.81) | | | | | | (21.46) | | | | | | — | | |
U.S. GAAP – Other Comprehensive Income
|
| | | | 1.11 | | | | | | — | | | | | | 3.02 | | |
C. Reconciliation of Shareholders’ Equity (in INR lakhs) (unaudited) |
| |
2018
|
| |
2017
|
| |
2016
|
| |
2015
|
| ||||||||||||
IFRS – Total shareholders’ equity
|
| | | | 31,360.86 | | | | | | 28,612.57 | | | | | | 18,625.92 | | | | | | 18,615.92 | | |
Differences: | | | | | | | | | | | | | | | | | | | | | | | | | |
Provision for Inventory (a)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Derecognition of Intangibles not eligible for capitalisation
(other than software for internal use) (b) |
| | | | (478.98) | | | | | | (552.27) | | | | | | (616.89) | | | | | | (681.50) | | |
Deferred tax liability on investments in subsidiaries (f)
|
| | | | (176.33) | | | | | | (109.71) | | | | | | (81.25) | | | | | | (71.83) | | |
Reversal of goodwill amortised prior to the date of transition to IFRS (j)
|
| | | | 116.34 | | | | | | 116.34 | | | | | | 116.34 | | | | | | 116.34 | | |
Impact of recognition of beneficial conversion feature on
Preferred stock as additional paid-in capital (g) |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Impact of deemed dividends on preferred stock (g)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Impact on measurement of post employment defined benefit plans (i)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Impact on provisioning for accounts receivables based on
expected credit loss model (k) |
| | | | 254.75 | | | | | | 100.61 | | | | | | 125.72 | | | | | | — | | |
Tax impact on above
|
| | | | 37.34 | | | | | | 116.05 | | | | | | 129.73 | | | | | | 195.60 | | |
U.S. GAAP – Total shareholders’ equity
|
| | | | 31,113.99 | | | | | | 28,283.60 | | | | | | 18,299.56 | | | | | | 18,174.52 | | |
|
Name
|
| |
Age
|
| |
Position
|
|
Rajiv Shukla | | |
43
|
| | Chairman and Chief Executive Officer | |
Craig Pollak | | |
47
|
| | Chief Financial Officer and Secretary | |
John Alexander | | |
79
|
| | Independent Director | |
Alan Rosling | | |
55
|
| | Independent Director | |
Kewal Handa | | |
65
|
| | Independent Director | |
Name
|
| |
Age
|
| |
Position
|
|
Raju Venkatraman | | |
60
|
| | Chief Executive Officer | |
K.R. Ravi Shankar | | |
55
|
| | Chief Financial Officer | |
Captain N. Raghavan | | |
55
|
| | President, Division I | |
Mriganka Gupta | | |
62
|
| | President, Division II | |
Harish S. | | |
41
|
| | Chief Technology Officer | |
Dr. M. G. Satish | | |
44
|
| | Chief Pathologist | |
Dr. Anand H.K. | | |
45
|
| | Chief Radiologist | |
Dr. Ramesh Iravatham | | |
58
|
| | Vice President of Lab Operations | |
Arjun Ananth | | |
48
|
| | Independent Director | |
Sandeep Reddy | | |
50
|
| | Independent Director | |
| | |
in INR Mn
|
| |
% Increase (Decrease)
|
| ||||||||||||||||||||||||
Fiscal Year Ended March 31
|
| |
FY2018
|
| |
FY2017
|
| |
FY2016
|
| |
2018 vs 2017
|
| |
2017 vs 2016
|
| |||||||||||||||
Pathology
|
| | | | 1,988 | | | | | | 1,618 | | | | | | 1,238 | | | | | | 23% | | | | | | 31% | | |
Radiology
|
| | | | 1,544 | | | | | | 1,705 | | | | | | 1,690 | | | | | | (9)% | | | | | | 1% | | |
Operating Income
|
| | | | 3,533 | | | | | | 3,323 | | | | | | 2,928 | | | | | | 6% | | | | | | 14% | | |
Other Income
|
| | | | 12 | | | | | | 12 | | | | | | 19 | | | | | | (2)% | | | | | | (37)% | | |
Net Revenue
|
| | | | 3,544 | | | | | | 3,335 | | | | | | 2,947 | | | | | | 6% | | | | | | 13% | | |
| | |
INR Mn
|
| |
Change in INR Mn
|
| |
% Change
|
| |||||||||||||||||||||||||||||||||
Fiscal Year Ended March 31
|
| |
FY2018
|
| |
FY2017
|
| |
FY2016
|
| |
2018 vs
2017 |
| |
2017 vs
2016 |
| |
2018 vs
2017 |
| |
2017 vs
2016 |
| |||||||||||||||||||||
Net Revenue | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net Revenue from Operations
|
| | | | 3,533 | | | | | | 3,323 | | | | | | 2,928 | | | | | | 209 | | | | | | 395 | | | | | | 6% | | | | | | 14% | | |
Other Income
|
| | | | 12 | | | | | | 12 | | | | | | 19 | | | | | | (0) | | | | | | (7) | | | | | | -2% | | | | | | -37% | | |
Net Revenue
|
| | | | 3,544 | | | | | | 3,335 | | | | | | 2,947 | | | | | | 209 | | | | | | 389 | | | | | | 6% | | | | | | 13% | | |
Expenses | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cost of Materials Consumed
|
| | | | 385 | | | | | | 341 | | | | | | 312 | | | | | | 43 | | | | | | 30 | | | | | | 13% | | | | | | 9% | | |
Other Operating Expenses
|
| | | | 1,021 | | | | | | 1,059 | | | | | | 1,032 | | | | | | (38) | | | | | | 27 | | | | | | -4% | | | | | | 3% | | |
Employee Benefits
|
| | | | 636 | | | | | | 615 | | | | | | 457 | | | | | | 20 | | | | | | 159 | | | | | | 3% | | | | | | 35% | | |
Other Expenses
|
| | | | 531 | | | | | | 542 | | | | | | 444 | | | | | | (11) | | | | | | 98 | | | | | | -2% | | | | | | 22% | | |
Finance Expenses
|
| | | | 186 | | | | | | 365 | | | | | | 297 | | | | | | (179) | | | | | | 69 | | | | | | -49% | | | | | | 23% | | |
Depreciation & Amortisation
|
| | | | 371 | | | | | | 371 | | | | | | 320 | | | | | | (0) | | | | | | 52 | | | | | | 0% | | | | | | 16% | | |
Total Expenses
|
| | | | 3,130 | | | | | | 3,294 | | | | | | 2,861 | | | | | | (164) | | | | | | 433 | | | | | | -5% | | | | | | 15% | | |
Earnings Before Tax
|
| | | | 414 | | | | | | 41 | | | | | | 86 | | | | | | 373 | | | | | | (44) | | | | | | 902% | | | | | | -52% | | |
Tax Expense
|
| | | | 136 | | | | | | 85 | | | | | | 74 | | | | | | 52 | | | | | | 11 | | | | | | 61% | | | | | | 14% | | |
Earnings After Tax
|
| | | | 278 | | | | | | (43) | | | | | | 12 | | | | | | 321 | | | | | | (55) | | | | | | 741% | | | | | | -476% | | |
Other Comprehensive Income
|
| | | | (2) | | | | | | (5) | | | | | | — | | | | | | 2 | | | | | | (5) | | | | | | -50% | | | | | | 0% | | |
Non-controlling Interest
|
| | | | 3 | | | | | | 1 | | | | | | 1 | | | | | | 2 | | | | | | (0) | | | | | | 451% | | | | | | -40% | | |
Total Earnings After Tax
|
| | | | 273 | | | | | | (48) | | | | | | 11 | | | | | | 321 | | | | | | (59) | | | | | | 663% | | | | | | -555% | | |
|
| | |
Percentage of Total Net Revenue
|
| |||||||||||||||
Fiscal Year Ended March 31
|
| |
FY2018
|
| |
FY2017
|
| |
FY2016
|
| |||||||||
Cost of Materials Consumed
|
| | | | 11% | | | | | | 10% | | | | | | 11% | | |
Other Operating Expenses
|
| | | | 29% | | | | | | 32% | | | | | | 35% | | |
Employee Benefits
|
| | | | 18% | | | | | | 18% | | | | | | 16% | | |
Other Expenses
|
| | | | 15% | | | | | | 16% | | | | | | 15% | | |
Cost of Services
|
| | | | 73% | | | | | | 77% | | | | | | 76% | | |
| | |
INR Mn
|
| |||||||||||||||
Fiscal Year Ended March 31
|
| |
FY2018
|
| |
FY2017
|
| |
FY2016
|
| |||||||||
Net Income
|
| | | | 273 | | | | | | (48) | | | | | | 11 | | |
Finance expenses
|
| | | | 186 | | | | | | 365 | | | | | | 297 | | |
Depreciation & Amortization
|
| | | | 371 | | | | | | 371 | | | | | | 320 | | |
Tax expense
|
| | | | 136 | | | | | | 85 | | | | | | 74 | | |
Minority income
|
| | | | 3 | | | | | | 1 | | | | | | 1 | | |
Acturial loss on post-employment defined benefit plans
|
| | | | 2 | | | | | | 5 | | | | | | 0 | | |
Extraordinary items
|
| | | | 19 | | | | | | 55 | | | | | | 0 | | |
Adjusted EBITDA
|
| | | | 991 | | | | | | 832 | | | | | | 702 | | |
|
| | |
INR Mn
|
| |||||||||||||||
Year Ended March 31
|
| |
FY2018
|
| |
FY2017
|
| |
FY2016
|
| |||||||||
Cash flow from operating activities
|
| | | | 365 | | | | | | 629 | | | | | | 551 | | |
Cash flow used in investing activities
|
| | | | (114) | | | | | | (321) | | | | | | (598) | | |
Cash flow from financing activities
|
| | | | (234) | | | | | | (379) | | | | | | 121 | | |
Change in Cash & Cash Equivalents
|
| | | | 16 | | | | | | (71) | | | | | | 74 | | |
Cash & Cash Equivalents at the beginning of the year
|
| | | | 90 | | | | | | 161 | | | | | | 86 | | |
Cash & Cash Equivalents at the end of the year
|
| | | | 106 | | | | | | 90 | | | | | | 161 | | |
|
Name
|
| |
Age
|
| |
Position
|
|
Rajiv Shukla | | |
43
|
| | Chairman and Chief Executive Officer | |
Raju Venkatraman | | |
59
|
| | Chief Operating Officer | |
K.R. Ravi Shankar | | |
63
|
| | Chief Financial Officer and Secretary | |
John Alexander | | |
79
|
| | Independent Director | |
Alan Rosling | | |
55
|
| | Independent Director | |
Kewal Handa | | |
65
|
| | Independent Director | |
Name and Address of Beneficial Owner(1)
|
| |
Before the Transaction
|
| |
After the Transaction
|
| ||||||||||||||||||
|
Number of
Ordinary Shares Beneficially Owned |
| |
Percentage of
Outstanding Ordinary Shares |
| |
Number of
Ordinary Shares Beneficially Owned |
| |
Percentage of
Outstanding Ordinary Shares |
| ||||||||||||||
Centripetal, LLC(2)
|
| | | | 3,882,500 | | | | | | 21.0% | | | | | | 3,925,000 | | | | | | 19.6% | | |
Rajiv Shukla(2)
|
| | | | 3,882,500 | | | | | | 21.0% | | | | | | 3,925,000 | | | | | | 19.6% | | |
Craig Pollak(3)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Dr. John Alexander(3)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Alan Rosling(3)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Kewal Handa(3)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
K.R. Ravi Shankar
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
All directors and executive officers as a group (seven individuals)
|
| | | | 3,882,500 | | | | | | 21.0% | | | | | | 3,925,000 | | | | | | 19.6% | | |
Polar Asset Management Partners Inc.(4)
|
| | | | 3,144,759 | | | | | | 17.0% | | | | | | 3,144,759 | | | | | | 15.7% | | |
Fir Tree Capital Management LP(5)
|
| | | | 1,249,999 | | | | | | 6.7% | | | | | | 1,249,999 | | | | | | 6.2% | | |
HGC Investment Management Inc.(6)
|
| | | | 988,215 | | | | | | 5.3% | | | | | | 988,215 | | | | | | 4.9% | | |
Quarter Ended
|
| |
Units
|
| |
Ordinary Shares
|
| |
Rights
|
| |
Warrants
|
| ||||||||||||||||||||||||||||||||||||
|
High
|
| |
Low
|
| |
High
|
| |
Low
|
| |
High
|
| |
Low
|
| |
High
|
| |
Low
|
| ||||||||||||||||||||||||||
2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | $ | 10.24 | | | | | $ | 10.00 | | | | | | * | | | | | | * | | | | | | * | | | | | | * | | | | | | * | | | | | | * | | | |
September 30(1) | | | | $ | 10.30 | | | | | $ | 10.01 | | | | | $ | 9.78 | | | | | $ | 9.64 | | | | | $ | 0.35 | | | | | $ | 0.28 | | | | | $ | 0.30 | | | | | $ | 0.23 | | |
December 31
|
| | | $ | 10.50 | | | | | $ | 8.22 | | | | | $ | 9.90 | | | | | $ | 9.55 | | | | | $ | 0.36 | | | | | $ | 0.25 | | | | | $ | 0.25 | | | | | $ | 0.195 | | |
2018 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
March 31
|
| | | $ | 11.21 | | | | | $ | 9.82 | | | | | $ | 9.95 | | | | | $ | 9.72 | | | | | $ | 0.48 | | | | | $ | 0.27 | | | | | $ | 0.38 | | | | | $ | 0.19 | | |
June 30
|
| | | $ | 11.50 | | | | | $ | 10.30 | | | | | $ | 9.97 | | | | | $ | 9.95 | | | | | $ | 0.70 | | | | | $ | 0.44 | | | | | $ | 0.50 | | | | | $ | 0.36 | | |
| | |
Page
|
| |||
Medall Healthcare Private Limited | | | |||||
For the Year Ended March 31, 2018 | | | |||||
| | | | F-2 | | | |
| | | | F-4 | | | |
| | | | F-6 | | | |
| | | | F-7 | | | |
| | | | F-9 | | | |
For the Year Ended March 31, 2017 | | | |||||
| | | | F-40 | | | |
| | | | F-42 | | | |
| | | | F-44 | | | |
| | | | F-45 | | | |
| | | | F-46 | | | |
Constellation Alpha Capital Corp. | | | |||||
For the Three Months Ended June 30, 2018 (Unaudited) | | | |||||
| | | | F-86 | | | |
| | | | F-87 | | | |
| | | | F-88 | | | |
| | | | F-89 | | | |
For the Years ended March 31, 2018 and 2017 and period from July 31, 2015 (inception) to March 31, 2016
|
| | |||||
| | | | F-95 | | | |
| | | | F-96 | | | |
| | | | F-97 | | | |
| | | | F-98 | | | |
| | | | F-99 | | | |
| | | | F-100 | | |
|
ASA & ASSOCIATES llp
|
| |
Unit 709 & 710, 7th Floor
‘BETA Wing’, Raheja Towers New Number 177, Anna Salai Chennai 600 002 INDIA T +91 44 4904 8200 |
|
Particulars
|
| |
Note
|
| |
As at
March 31, 2018 |
| |
As at
March 31, 2017 |
| |||||||||
A
ASSETS
|
| | | | | | | | | | | | | | | | | | |
1
Non-current assets
|
| | | | | | | | | | | | | | | | | | |
(a) Property, Plant and Equipment
|
| | | | 4 | | | | | | 24,703.32 | | | | | | 26,489.67 | | |
(b) Capital work-in-progress
|
| | | | | | | | | | 3.43 | | | | | | — | | |
(c) Goodwill
|
| | | | 5 | | | | | | 2,807.49 | | | | | | 2,807.49 | | |
(d) Other Intangible assets
|
| | | | 6 | | | | | | 1,524.84 | | | | | | 1,574.70 | | |
(e) Consolidation goodwill
|
| | | | | | | | | | 3,939.39 | | | | | | 3,877.61 | | |
(f) Financial assets
|
| | | | | | | | | | | | | | | | | | |
(i) Investments
|
| | | | 7(i) | | | | | | 120.02 | | | | | | 121.43 | | |
(ii) Loans
|
| | | | 8(i) | | | | | | 13.23 | | | | | | 11.45 | | |
(iii) Other assets
|
| | | | 9(i) | | | | | | 1,941.92 | | | | | | 1,551.19 | | |
(g) Deferred tax assets (Net)
|
| | | | 21(i) | | | | | | 644.63 | | | | | | 663.75 | | |
(h) Current tax assets (Net)
|
| | | | 10 | | | | | | 1,701.15 | | | | | | 887.53 | | |
(i) Other non-current assets
|
| | | | 11(i) | | | | | | 306.57 | | | | | | 169.43 | | |
| | | | | | | | | | | 37,705.99 | | | | | | 38,154.25 | | |
2
Current assets
|
| | | | | | | | | | — | | | | | | — | | |
(a) Inventories
|
| | | | 12 | | | | | | 1,234.50 | | | | | | 677.09 | | |
(b) Financial Assets
|
| | | | | | | | | | — | | | | | | — | | |
(i) Investments
|
| | | | 7(ii) | | | | | | 12.75 | | | | | | 807.83 | | |
(ii) Trade receivables
|
| | | | 13 | | | | | | 12,902.79 | | | | | | 8,555.10 | | |
(iii) Cash and cash equivalents
|
| | | | 14(i) | | | | | | 1,058.13 | | | | | | 898.61 | | |
(iv) Bank balances other than (iii) above
|
| | | | 14(ii) | | | | | | 2.57 | | | | | | — | | |
(v) Loans
|
| | | | 8(ii) | | | | | | 64.31 | | | | | | 54.68 | | |
(vi) Others
|
| | | | 9(ii) | | | | | | 13.17 | | | | | | 76.53 | | |
(c) Current Tax Assets (Net)
|
| | | | | | | | | | — | | | | | | — | | |
(d) Other current assets
|
| | | | 11(ii) | | | | | | 1,541.53 | | | | | | 901.93 | | |
| | | | | | | | | | | 16,829.75 | | | | | | 11,971.77 | | |
Total Assets (1+2)
|
| | | | | | | | | | 54,535.74 | | | | | | 50,126.02 | | |
|
Particulars
|
| |
Note
|
| |
As at
March 31, 2018 |
| |
As at
March 31, 2017 |
| |||||||||
B EQUITY AND LIABILITIES | | | | | | | | | | | | | | | | | | | |
1
Equity
|
| | | | | | | | | | | | | | | | | | |
(a) Equity share capital
|
| | | | 15(A) | | | | | | 66.04 | | | | | | 66.04 | | |
(b) Instrument entirely Equity in nature
|
| | | | 15(B) | | | | | | 25,305.55 | | | | | | 25,305.55 | | |
(c) Other Equity
|
| | | | 16 | | | | | | 5,913.59 | | | | | | 3,186.53 | | |
Non controlling interest
|
| | | | | | | | | | 75.68 | | | | | | 54.45 | | |
Total Equity
|
| | | | | | | | | | 31,360.86 | | | | | | 28,612.57 | | |
Liabilities
|
| | | | | | | | | | | | | | | | | | |
2
Non-current liabilities
|
| | | | | | | | | | | | | | | | | | |
(a) Financial liabilities
|
| | | | | | | | | | | | | | | | | | |
(i) Borrowings
|
| | | | 17(i) | | | | | | 6,482.58 | | | | | | 7,840.61 | | |
(ii) Other financial liabilities
|
| | | | 20(i) | | | | | | — | | | | | | — | | |
(b) Provisions
|
| | | | 22(i) | | | | | | 45.56 | | | | | | 40.69 | | |
(c) Deferred tax liabilities (Net)
|
| | | | 21(i) | | | | | | 1,000.19 | | | | | | 647.90 | | |
(d) Other Non-Current liabilities
|
| | | | 18 | | | | | | 261.96 | | | | | | 346.97 | | |
Total Non-Current Liabilities
|
| | | | | | | | | | 7,790.29 | | | | | | 8,876.17 | | |
3
Current liabilities
|
| | | | | | | | | | | | | | | | | | |
(a) Financial liabilities
|
| | | | | | | | | | | | | | | | | | |
(i) Borrowings
|
| | | | 17(ii) | | | | | | 4,656.25 | | | | | | 3,252.56 | | |
(ii) Trade payable
|
| | | | 19 | | | | | | 1,404.82 | | | | | | 1,273.69 | | |
(ii) Other financials liabilities
|
| | | | 20(ii) | | | | | | 8,587.53 | | | | | | 7,393.51 | | |
(b) Other current liabilities
|
| | | | 21 | | | | | | 452.02 | | | | | | 417.38 | | |
(c) Provisions
|
| | | | 22(ii) | | | | | | 216.16 | | | | | | 206.07 | | |
(d) Current tax liabilities (net)
|
| | | | 23 | | | | | | 67.81 | | | | | | 94.07 | | |
Total Current Liabilities
|
| | | | | | | | | | 15,384.59 | | | | | | 12,637.28 | | |
Total Equity and Liabilities (1+2+3)
|
| | | | | | | | | | 54,535.74 | | | | | | 50,126.02 | | |
|
| For and on behalf of the Board of Directors | | | As per our report of even date For ASA & ASSOCIATES LLP FR No. 009571N/N500006 Chartered Accountants |
|
|
/s/ Raju Venkatraman
|
| |
/s/ Arjun Ananth
|
| |
/s/ S. Sundar Rajan
|
|
|
/s/ Ravishankar KR
Ravishankar KR
EVP – CFO |
| |
Manas Ranjan Sahoo
Company Secretary |
| |
Particulars
|
| |
Note
|
| | | | | |||||||||||
INCOME
|
| | | | | | | | | | | | | | | | | | |
1
Revenue from operations
|
| | | | 24 | | | | | | 35,325.08 | | | | | | 33,234.37 | | |
2
Other income
|
| | | | 25 | | | | | | 115.37 | | | | | | 118.16 | | |
3
Total Income (1+2)
|
| | | | | | | | | | 35,440.45 | | | | | | 33,352.53 | | |
4
EXPENSES
|
| | | | | | | | | | | | | | | | | | |
(a) Cost of materials consumed
|
| | | | 26 | | | | | | 3,845.27 | | | | | | 3,414.59 | | |
(b) Other Operating Expenses
|
| | | | 27 | | | | | | 10,211.39 | | | | | | 10,588.42 | | |
(c) Employee benefits expense
|
| | | | 28 | | | | | | 6,355.99 | | | | | | 6,153.25 | | |
(d) Finance costs
|
| | | | 29 | | | | | | 1,862.57 | | | | | | 3,650.55 | | |
(e) Depreciation and amortisation expense
|
| | | | 30 | | | | | | 3,708.51 | | | | | | 3,711.60 | | |
(f) Other expenses
|
| | | | 31 | | | | | | 5,312.46 | | | | | | 5,420.45 | | |
Total expenses
|
| | | | | | | | | | 31,296.19 | | | | | | 32,938.86 | | |
5
Profit/(Loss) before tax (3-4)
|
| | | | | | | | | | 4,144.26 | | | | | | 413.67 | | |
6
Tax expense:
|
| | | | | | | | | | | | | | | | | | |
(a) Current tax
|
| | | | | | | | | | 1,017.79 | | | | | | 462.96 | | |
(b) Deferred tax
|
| | | | | | | | | | 346.94 | | | | | | 384.28 | | |
Total tax expenses
|
| | | | | | | | | | 1,364.73 | | | | | | 847.24 | | |
7
Profit/(Loss) for the year (5-6)
|
| | | | | | | | | | 2,779.53 | | | | | | (433.57) | | |
8
Other comprehensive income
|
| | | | | | | | | | | | | | | | | | |
Item that will not be reclassified to profit or loss
|
| | | | | | | | | | | | | | | | | | |
(i) Remeasurement of the Defined Benefit Plans
|
| | | | | | | | | | (31.14) | | | | | | (66.51) | | |
(ii) Tax on the above
|
| | | | | | | | | | 8.81 | | | | | | 21.46 | | |
(iii) Fair value changes in Equity Instruments
|
| | | | | | | | | | — | | | | | | — | | |
(iv) Tax on the above
|
| | | | | | | | | | — | | | | | | — | | |
Total other comprehensive income/(loss) ((i)+(ii)+(iii)+(iv))
|
| | | | | | | | | | (22.33) | | | | | | (45.05) | | |
9
Total comprehensive income for the year (7+8)
|
| | | | | | | | | | 2,757.20 | | | | | | (478.62) | | |
10
Non controlling interest
|
| | | | | | | | | | 30.13 | | | | | | 5.47 | | |
Profit after tax for the year
|
| | | | | | | | | | 2,727.07 | | | | | | (484.09) | | |
11
Earning per equity share
|
| | |
|
32.8
|
| | | | | | | | | | | | | |
Basic
|
| | | | | | | | | | 412.93 | | | | | | (73.30) | | |
Diluted
|
| | | | | | | | | | 16.92 | | | | | | (73.30) | | |
| For and on behalf of the Board of Directors | | | As per our report of even date For ASA & ASSOCIATES LLP FR No. 009571N/N500006 Chartered Accountants |
|
|
/s/ Raju Venkatraman
|
| |
/s/ Arjun Ananth
|
| |
/s/ S. Sundar Rajan
|
|
|
/s/ Ravishankar KR
Ravishankar KR
EVP – CFO |
| |
Manas Ranjan Sahoo
Company Secretary |
| |
Particulars
|
| | | | | ||||||||
OPERATING ACTIVITIES | | | | | | | | | | | | | |
Net Profit before tax
|
| | | | 4,144.26 | | | | | | 413.67 | | |
Adjustment for
|
| | | | | | | | | | | | |
Depreciation and amortisation expenses
|
| | | | 3,708.51 | | | | | | 3,711.60 | | |
Interest Expenses
|
| | | | 1,862.57 | | | | | | 3,650.55 | | |
Misc Income
|
| | | | (115.37) | | | | | | (118.16) | | |
Operating profit before working Capital changes
|
| | | | 9,599.97 | | | | | | 7,657.66 | | |
(Increase)/Decrease in Receivables
|
| | | | (4,347.69) | | | | | | (2,060.86) | | |
(Increase)/Decrease in Inventories
|
| | | | (557.41) | | | | | | (164.44) | | |
(Increase)/Decrease in Other Assets
|
| | | | (202.48) | | | | | | (114.04) | | |
(Increase)/Decrease in Loans & advances
|
| | | | (11.41) | | | | | | 14.00 | | |
Increase/(Decrease) in Payables
|
| | | | 131.13 | | | | | | 258.47 | | |
Increase/(Decrease) in Other Liabilities
|
| | | | 734.97 | | | | | | 1,832.60 | | |
Cash Generated from Operation
|
| | | | 5,347.08 | | | | | | 7,423.39 | | |
Tax payment
|
| | | | 1,696.13 | | | | | | 1,133.48 | | |
Net cash from operation post tax
|
| | | | 3,650.95 | | | | | | 6,289.91 | | |
INVESTING ACTIVITIES | | | | | | | | | | | | | |
Payment for purchase of property, plant and equipment
|
| | | | (1,940.86) | | | | | | (3,533.19) | | |
Investments
|
| | | | 796.49 | | | | | | 324.89 | | |
Investing Cash Flows
|
| | | | (1,144.37) | | | | | | (3,208.30) | | |
FINANCING ACTIVITIES | | | | | | | | | | | | | |
Loan raised during the year
|
| | | | 1,000.00 | | | | | | 2,636.76 | | |
Repayment of loans
|
| | | | (3,000.98) | | | | | | (3,588.60) | | |
Working captial loan movement net
|
| | | | 1,403.69 | | | | | | 695.83 | | |
Misc Income
|
| | | | 115.37 | | | | | | 118.16 | | |
Interest Payment
|
| | | | (1,862.57) | | | | | | (3,650.55) | | |
Financing Cash Flows
|
| | | | (2,344.49) | | | | | | (3,788.40) | | |
Net Increase/(Decrease) in Cash & Cash Equivalents
|
| | | | 162.09 | | | | | | (706.79) | | |
Cash & Cash Equivalents at the beginning of the year
|
| | | | 898.61 | | | | | | 1,605.40 | | |
Cash & Cash Equivalents at the end of the year
|
| | | | 1,060.70 | | | | | | 898.61 | | |
|
| Reconciliation of cash and cash equivalents with the Balance sheet | | | | | | | | | | | | | |
| Cash on hand | | | | | | | | | | | | | |
| Balance with banks | | | | | | | | | | | | | |
|
– On current account
|
| | | | 964.39 | | | | | | 838.60 | | |
|
– On deposit account less that 12 months
|
| | | | 2.57 | | | | | | | | |
|
Cash and bank balance
|
| | | | 93.74 | | | | | | 60.01 | | |
|
Cash and cash equivalents in cash flow statement
|
| | | | 1,060.70 | | | | | | 898.61 | | |
|
| For and on behalf of the Board of Directors | | | As per our report of even date For ASA & ASSOCIATES LLP FR No. 009571N/N500006 Chartered Accountants |
|
|
/s/ Raju Venkatraman
|
| |
/s/ Arjun Ananth
|
| |
/s/ S. Sundar Rajan
|
|
| Managing Director & CEO | | | Nominee Director | | | Partner | |
| DIN: 00632071 | | | DIN: 01207540 | | | M No. 211414 | |
|
/s/ Ravishankar KR
|
| |
|
| | ||
| EVP – CFO | | | Company Secretary | | | | |
|
S. No
|
| |
Name of the Subsidiaries of MSLPL
|
| |
Date of
Incorporation |
| |
% of Equity
Holding |
|
|
1
|
| | Medall Scans and Labs Kumbakonam Pvt Ltd | | |
19 November 2010
|
| |
100
|
|
|
2
|
| | Medall Scans and Labs Mayiladudurai Pvt Ltd | | |
19 November 2010
|
| |
100
|
|
|
3
|
| | Medall Scans and Labs Tiruvannamalai Pvt Ltd | | |
02 February 2011
|
| |
100
|
|
|
4
|
| | Medall Scans and Labs Kallakurichi Pvt Ltd | | |
02 February 2011
|
| |
100
|
|
|
5
|
| | Medall Scans and Labs Marthahalli Pvt Ltd | | |
21 April 2011
|
| |
76
|
|
|
6
|
| | Medall Scans and Labs Chengalpattu Pvt Ltd | | |
14 June 2011
|
| |
100
|
|
|
7
|
| | Medall Scans and Labs Arupukottai Pvt Ltd | | |
14 June 2011
|
| |
100
|
|
|
8
|
| | Medall Scans and Labs Aranthangi Pvt Ltd | | |
14 June 2011
|
| |
100
|
|
|
9
|
| | Medall Scans and Labs Kottayam Pvt Ltd | | |
14 June 2011
|
| |
100
|
|
|
10
|
| | Medall Spark Diagnostics Nashik Pvt Ltd | | |
09 May 2013
|
| |
76
|
|
|
11
|
| | Medall Scans and Labs Ranchi Pvt Ltd | | |
05 June 2015
|
| |
100
|
|
|
For and on behalf of the Board of Directors
|
| | As per our report of even date For ASA & ASSOCIATES LLP FR No. 009571N/N500006 Chartered Accountants |
|
|
/s/ Raju Venkatraman
|
| |
/s/ Arjun Ananth
|
| |
/s/ S. Sundar Rajan
|
|
| Managing Director and CEO | | | Nominee Director | | | Partner | |
| DIN: 00632071 | | | DIN: 01207540 | | | M. No. 211414 | |
|
/s/ Ravishankar KR
|
| |
|
| | ||
| EVP – CFO | | | Company Secretary | | |
Descriptions
|
| |
Land
|
| |
Buildings
|
| |
Plant and
Equipment |
| |
Furniture &
Fixtures |
| |
Vehicles
|
| |
Electrical
Fittings |
| |
Computers
|
| |
Total
|
| ||||||||||||||||||||||||
Cost | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||
As at April 01, 2016
|
| | | | 645.93 | | | | | | 307.78 | | | | | | 22,558.97 | | | | | | 5,222.60 | | | | | | 233.48 | | | | | | 1,462.22 | | | | | | 670.54 | | | | | | 31,101.52 | | |
Additions during the year
|
| | | | — | | | | | | — | | | | | | 1,306.00 | | | | | | 412.27 | | | | | | 3.40 | | | | | | 63.49 | | | | | | 209.70 | | | | | | 1,994.86 | | |
Deletions during the year
|
| | | | — | | | | | | — | | | | | | 13.18 | | | | | | 58.59 | | | | | | 31.10 | | | | | | 2.70 | | | | | | — | | | | | | 105.57 | | |
As at March 31, 2017
|
| | | | 645.93 | | | | | | 307.78 | | | | | | 23,851.79 | | | | | | 5,576.28 | | | | | | 205.78 | | | | | | 1,523.01 | | | | | | 880.24 | | | | | | 32,990.81 | | |
Additions during the year
|
| | | | — | | | | | | — | | | | | | 413.14 | | | | | | 681.66 | | | | | | 48.42 | | | | | | 405.72 | | | | | | 187.40 | | | | | | 1,736.34 | | |
Deletions during the year
|
| | | | — | | | | | | — | | | | | | 33.84 | | | | | | — | | | | | | 10.71 | | | | | | 0.62 | | | | | | — | | | | | | 45.17 | | |
As at March 31, 2018
|
| | | | 645.93 | | | | | | 307.78 | | | | | | 24,231.09 | | | | | | 6,257.94 | | | | | | 243.49 | | | | | | 1,928.11 | | | | | | 1,067.64 | | | | | | 34,681.98 | | |
Depreciations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
As at April 01, 2016
|
| | | | — | | | | | | 24.11 | | | | | | 2,153.42 | | | | | | 434.23 | | | | | | 47.73 | | | | | | 177.98 | | | | | | 170.95 | | | | | | 3,008.42 | | |
Charge for the year
|
| | | | — | | | | | | 24.11 | | | | | | 2,392.58 | | | | | | 635.31 | | | | | | 41.96 | | | | | | 201.18 | | | | | | 232.22 | | | | | | 3,527.36 | | |
Deletions during the year
|
| | | | — | | | | | | — | | | | | | 2.99 | | | | | | 1.20 | | | | | | 30.25 | | | | | | 0.16 | | | | | | 0.04 | | | | | | 34.64 | | |
As at March 31, 2017
|
| | | | — | | | | | | 48.22 | | | | | | 4,543.01 | | | | | | 1,068.34 | | | | | | 59.44 | | | | | | 379.00 | | | | | | 403.13 | | | | | | 6,501.14 | | |
Charge for the year
|
| | | | — | | | | | | 24.15 | | | | | | 2,333.48 | | | | | | 640.39 | | | | | | 70.54 | | | | | | 194.61 | | | | | | 234.48 | | | | | | 3,497.65 | | |
Deletions during the year
|
| | | | — | | | | | | — | | | | | | 9.26 | | | | | | — | | | | | | 10.71 | | | | | | 0.16 | | | | | | — | | | | | | 20.13 | | |
As at March 31, 2018
|
| | | | — | | | | | | 72.37 | | | | | | 6,867.23 | | | | | | 1,708.73 | | | | | | 119.27 | | | | | | 573.45 | | | | | | 637.61 | | | | | | 9,978.66 | | |
Net Book Value: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
As at March 31, 2018
|
| | | | 645.93 | | | | | | 235.41 | | | | | | 17,363.86 | | | | | | 4,549.21 | | | | | | 124.22 | | | | | | 1,354.66 | | | | | | 430.03 | | | | | | 24,703.32 | | |
As at March 31, 2017
|
| | | | 645.93 | | | | | | 259.56 | | | | | | 19,308.78 | | | | | | 4,507.94 | | | | | | 146.34 | | | | | | 1,144.01 | | | | | | 477.11 | | | | | | 26,489.67 | | |
Descriptions
|
| |
Goodwill
|
| |||
Cost | | | | | | | |
As at April 1, 2016
|
| | | | 2,807.49 | | |
Additions during the year
|
| | | | — | | |
Deletions during the year
|
| | | | — | | |
As at March 31, 2017
|
| | | | 2,807.49 | | |
Additions during the year
|
| | | | — | | |
Deletions during the year
|
| | | | — | | |
As at March 31, 2018
|
| | | | 2,807.49 | | |
Depreciations | | | | | | | |
As at April 01, 2016
|
| | | | — | | |
Charge for the year
|
| | | | — | | |
Deletions during the year
|
| | | | — | | |
As at March 31, 2017
|
| | | | — | | |
Charge for the year
|
| | | | — | | |
Deletions during the year
|
| | | | — | | |
As at March 31, 2018
|
| | | | — | | |
Net Book Value: | | | | | | | |
As at March 31, 2018
|
| | | | 2,807.49 | | |
As at March 31, 2017
|
| | | | 2,807.49 | | |
Descriptions
|
| |
Intellectual
Property Right |
| |||
Cost | | | | | | | |
As at April 1, 2016
|
| | | | 1,943.18 | | |
Additions during the year
|
| | | | — | | |
Deletions during the year
|
| | | | — | | |
As at March 31, 2017
|
| | | | 1,943.18 | | |
Additions during the year
|
| | | | 161.00 | | |
Deletions during the year
|
| | | | — | | |
As at March 31, 2018
|
| | | | 2,104.18 | | |
Depreciations | | | | | | | |
As at April 1, 2016
|
| | | | 184.24 | | |
Charge for the year
|
| | | | 184.24 | | |
Deletions during the year
|
| | | | — | | |
As at March 31, 2017
|
| | | | 368.48 | | |
Charge for the year
|
| | | | 210.86 | | |
Deletions during the year
|
| | | | — | | |
As at March 31, 2018
|
| | | | 579.34 | | |
Net Book Value: | | | | | | | |
As at March 31, 2018
|
| | | | 1,524.84 | | |
As at March 31, 2017
|
| | | | 1,574.70 | | |
Particulars
|
| |
As at
March 31, 2018 |
| |
As at
March 31, 2017 |
| ||||||
Note 7 Investments | | | | | | | | | | | | | |
(i) Non-Current | | | | | | | | | | | | | |
Investment in mutual funds
|
| | | | 119.61 | | | | | | 121.02 | | |
Quoted | | | | | | | | | | | | | |
Indusind Bank Ltd
|
| | | | 0.41 | | | | | | 0.41 | | |
900 Equity shares of Rs.10/- each
|
| | | | — | | | | | | — | | |
Total
|
| | | | 120.02 | | | | | | 121.43 | | |
(ii) Current | | | | | | | | | | | | | |
Investment in mutual funds current
|
| | | | 12.75 | | | | | | 807.83 | | |
Total
|
| | | | 12.75 | | | | | | 807.83 | | |
Note 8 Loans | | | | | | | | | | | | | |
(i) Non-Current | | | | | | | | | | | | | |
Unsecured considered goods | | | | | | | | | | | | | |
To Employees
|
| | | | 13.23 | | | | | | 11.45 | | |
Total
|
| | | | 13.23 | | | | | | 11.45 | | |
(ii) Current | | | | | | | | | | | | | |
Unsecured considered goods | | | | | | | | | | | | | |
To Employees short term
|
| | | | 64.31 | | | | | | 54.68 | | |
Total
|
| | | | 64.31 | | | | | | 54.68 | | |
Note 9 Others financial assets | | | | | | | | | | | | | |
(i) Non-Current | | | | | | | | | | | | | |
Security deposits
|
| | | | 1,525.58 | | | | | | 1,223.88 | | |
Bank deposits more than 12 months
|
| | | | 416.34 | | | | | | 327.31 | | |
Total
|
| | | | 1,941.92 | | | | | | 1,551.19 | | |
(ii) Current | | | | | | | | | | | | | |
Accrured Interest
|
| | | | 13.17 | | | | | | 76.53 | | |
Total
|
| | | | 13.17 | | | | | | 76.53 | | |
Note 10 Current tax assets (net) | | | | | | | | | | | | | |
Non-current | | | | | | | | | | | | | |
Income Tax (net off provision)
|
| | | | 1,701.15 | | | | | | 887.53 | | |
Total
|
| | | | 1,701.15 | | | | | | 887.53 | | |
Note 11(i) Other Non-current assets | | | | | | | | | | | | | |
Capital advances
|
| | | | 158.36 | | | | | | 56.57 | | |
Prepaid expenses non current
|
| | | | 148.21 | | | | | | 112.86 | | |
Total
|
| | | | 306.57 | | | | | | 169.43 | | |
Note 11(ii) Other Current Assets | | | | | | | | | | | | | |
Prepaid expenses
|
| | | | 606.69 | | | | | | 137.38 | | |
Operational advances
|
| | | | 934.84 | | | | | | 764.55 | | |
Total
|
| | | | 1,541.53 | | | | | | 901.93 | | |
|
Particulars
|
| |
As at
March 31, 2018 |
| |
As at
March 31, 2017 |
| ||||||
Note 12 Inventories | | | | | | | | | | | | | |
Films and Chemicals stocks
|
| | | | 252.75 | | | | | | 164.41 | | |
Medicines stocks
|
| | | | 953.04 | | | | | | 468.30 | | |
Printing and stationery stocks
|
| | | | 28.71 | | | | | | 44.38 | | |
Total
|
| | | | 1,234.50 | | | | | | 677.09 | | |
Note 13 Trade receivables | | | | | | | | | | | | | |
Unsecured, considered good
|
| | | | 13,355.79 | | | | | | 8,853.96 | | |
Less: Allowances for bad and doubtful debts
|
| | | | (453.00) | | | | | | (298.86) | | |
Total
|
| | | | 12,902.79 | | | | | | 8,555.10 | | |
Note 14(i) Cash and cash equivalents | | | | | | | | | | | | | |
Balance with banks
|
| | | | 964.39 | | | | | | 838.60 | | |
Cash on hand
|
| | | | 93.74 | | | | | | 60.01 | | |
Total
|
| | | | 1,058.13 | | | | | | 898.61 | | |
(ii) Bank balances other than 14(i) above | | | | | | | | | | | | | |
Margin money deposit less than 12 months
|
| | | | 2.57 | | | | | | — | | |
Total
|
| | | | 2.57 | | | | | | — | | |
|
| | |
As at March 31, 2018
|
| |
As at March 31, 2017
|
| ||||||||||||||||||
| | |
Number
of shares |
| |
Rs.
|
| |
Number of
shares |
| |
Rs.
|
| ||||||||||||
Normal
|
| | | | 975,985 | | | | | | 97.60 | | | | | | 975,985 | | | | | | 97.60 | | |
A Series
|
| | | | 7,000 | | | | | | 0.70 | | | | | | 7,000 | | | | | | 0.70 | | |
B Series
|
| | | | 10,000 | | | | | | 1.00 | | | | | | 10,000 | | | | | | 1.00 | | |
C Series
|
| | | | 7,000 | | | | | | 0.70 | | | | | | 7,000 | | | | | | 0.70 | | |
Total | | | | | 999,985 | | | | | | 100.00 | | | | | | 999,985 | | | | | | 100.00 | | |
(b) Issued, Subscribed and paid up | | | | | | ||||||||||||||||||||
Equity shares of Rs. 10/- each with voting rights Normal | | | | | | ||||||||||||||||||||
Face value of Rs. 10/- each fully paid up
|
| | | | 647,922 | | | | | | 64.79 | | | | | | 647,922 | | | | | | 64.79 | | |
| | | | | 647,922 | | | | | | 64.79 | | | | | | 647,922 | | | | | | 64.79 | | |
Promoter A/B/C Series | | | | | | | | | | | | | | | | | | | | | | | | | |
A Series – Fully Paid up at Rs 10/- each
|
| | | | 3,251 | | | | | | 0.32 | | | | | | 3,251 | | | | | | 0.32 | | |
B Series – Fully Paid up at Rs 10/- each
|
| | | | 6,252 | | | | | | 0.63 | | | | | | 6,252 | | | | | | 0.63 | | |
C Series – Fully Paid up at Rs 10/- each
|
| | | | 3,001 | | | | | | 0.30 | | | | | | 3,001 | | | | | | 0.30 | | |
| | | | | 12,504 | | | | | | 1.25 | | | | | | 12,504 | | | | | | 1.25 | | |
Total | | | | | 660,426 | | | | | | 66.04 | | | | | | 660,426 | | | | | | 66.04 | | |
|
| | |
Number
of shares |
| |
Rs.
|
| |
Number
of shares |
| |
Rs.
|
| ||||||||||||
Class A
|
| | | | 88,525,035 | | | | | | 8,852.50 | | | | | | 88,525,035 | | | | | | 8,852.50 | | |
Class B
|
| | | | 900,000 | | | | | | 90.00 | | | | | | 900,000 | | | | | | 90.00 | | |
Class C
|
| | | | 1,074,985 | | | | | | 107.50 | | | | | | 1,074,985 | | | | | | 107.50 | | |
Class D
|
| | | | 25,000,000 | | | | | | 2,500.00 | | | | | | 25,000,000 | | | | | | 2,500.00 | | |
Class E
|
| | | | 32,500,000 | | | | | | 3,250.00 | | | | | | 32,500,000 | | | | | | 3,250.00 | | |
0.0001% of Rs. 100/- each (Class F) | | | | | | | | | | | | | | | | | | | | | | | | | |
Class F
|
| | | | 6,200,000 | | | | | | 6,200.00 | | | | | | 6,200,000 | | | | | | 6,200.00 | | |
Total | | | | | 154,200,020 | | | | | | 21,000.00 | | | | | | 154,200,020 | | | | | | 21,000.00 | | |
|
| | |
Number
of shares |
| |
Rs.
|
| |
Number
of shares |
| |
Rs.
|
| ||||||||||||
Class A
|
| | | | 88,525,031 | | | | | | 8,852.50 | | | | | | 88,525,031 | | | | | | 8,852.50 | | |
Class B
|
| | | | 900,000 | | | | | | 90.00 | | | | | | 900,000 | | | | | | 90.00 | | |
Class C
|
| | | | 1,074,985 | | | | | | 107.50 | | | | | | 1,074,985 | | | | | | 107.50 | | |
Class D
|
| | | | 25,000,000 | | | | | | 2,500.00 | | | | | | 25,000,000 | | | | | | 2,500.00 | | |
Class E
|
| | | | 32,500,000 | | | | | | 3,250.00 | | | | | | 32,500,000 | | | | | | 3,250.00 | | |
0.0001% of Rs. 100/- each fully paid up (Class F) | | | | | | | | | | | | | | | | | | | | | | | | | |
Class F @ Rs.100/- each
|
| | | | 6,066,029 | | | | | | 10,505.55 | | | | | | 6,066,029 | | | | | | 10,505.55 | | |
Total | | | | | 154,066,045 | | | | | | 25,305.55 | | | | | | 154,066,045 | | | | | | 25,305.55 | | |
|
Particulars
|
| |
Share
Application Money pending allotment |
| |
Equity
component of Compound Financial Instruments |
| |
Reserves and Surplus
|
| |
Debt
Instrument through Other Comprehenive Income |
| |
Equity
Instrument through Other Comprehenive Income |
| |
Effective
portion of Cash Flow Hedge |
| |
Revaluation
Surplus |
| |
Exchange
Differences on Translating the Financial Statements of a Foreign Operations |
| |
Other
items of Other Comprehensive Income |
| |
Money
received against Share Warrants |
| |
Total
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||
|
Capital
Reserve |
| |
Security
Premium Reserve |
| |
Other
Reserves |
| |
Retained
Earnings |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance as at March 31, 2017
|
| | | | — | | | | | | — | | | | | | — | | | | | | 4,618.13 | | | | | | 12.68 | | | | | | (1,399.22) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (45.05) | | | | | | — | | | | |
|
3,186.54
|
| |
Adjustments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | — | | |
Changes in Accounting Policies & prior period
errors |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Consoladation adjustment
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Restated balance at the beginning of the
year |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Total Comprehensive Income for the year
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,749.39 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (22.33) | | | | | | | | | | |
|
2,727.06
|
| |
Reversal of Deferred Tax Asset – Ind AS 12
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Changes in Fair value of Investments
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Deferred Tax liability on fair valuation of Equity Instruments
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Revaluation of Land – Ind AS 16
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Redeemable Non-Convertible Preference Shares
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Deferred Tax liability on revaluation of
Land |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Expected Credit Loss on Trade Receivables
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Remeasurement of Defined Benefit Obligation
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Write Back of Liabilities
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Provision for Income Tax
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Total Adjustments
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,749.39 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (22.33) | | | | | | — | | | | | | 2,727.06 | | |
Balance as at Mar 31, 2018
|
| | | | — | | | | | | — | | | | | | — | | | | | | 4,618.13 | | | | | | 12.68 | | | | | | 1,350.17 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (67.38) | | | | | | — | | | | | | 5,913.60 | | |
Particulars
|
| |
Share
Application Money pending allotment |
| |
Equity
component of Compound Financial Instruments |
| |
Reserves and Surplus
|
| |
Debt
Instrument through Other Comprehenive Income |
| |
Equity
Instrument through Other Comprehenive Income |
| |
Effective
portion of Cash Flow Hedge |
| |
Revaluation
Surplus |
| |
Exchange
Differences on Translating the Financial Statements of a Foreign Operations |
| |
Other
items of Other Comprehensive Income |
| |
Money
received against Share Warrants |
| |
Total
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||
|
Capital
Reserve |
| |
Security
Premium Reserve |
| |
Other
Reserves |
| |
Retained
Earnings |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance as at March 31, 2016
|
| | | | — | | | | | | — | | | | | | — | | | | | | 4,618.13 | | | | | | 12.68 | | | | | | (960.20) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | |
|
3,670.61
|
| |
Adjustments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | — | | |
Changes in Accounting Policies & prior period
errors |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Consoladation adjustment
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Restated balance at the beginning of the
year |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Total Comprehensive Income for the year
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (439.03) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (45.05) | | | | | | | | | | |
|
(484.08)
|
| |
Reversal of Deferred Tax Asset – Ind AS 12
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Changes in Fair value of Investments
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Deferred Tax liability on fair valuation of Equity Instruments
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Revaluation of Land – Ind AS 16
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Redeemable Non-Convertible Preference Shares
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Deferred Tax liability on revaluation of
Land |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Expected Credit Loss on Trade Receivables
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Remeasurement of Defined Benefit
Obligation |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Write Back of Liabilities
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Provision for Income Tax
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Total Adjustments
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (439.03) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (45.05) | | | | | | — | | | | | | (484.08) | | |
Balance as at Mar 31, 2017
|
| | | | — | | | | | | — | | | | | | — | | | | | | 4,618.13 | | | | | | 12.68 | | | | | | -1,399.23 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (45.05) | | | | | | — | | | | | | 3,186.53 | | |
Particulars
|
| |
As at
March 31, 2018 |
| |
As at
March 31, 2017 |
| ||||||
Note 17 Borrowing | | | | | | | | | | | | | |
(i) Non-current | | | | | | | | | | | | | |
Secured | | | | | | | | | | | | | |
Term loans | | | | | | | | | | | | | |
– From Banks
|
| | | | 6,457.22 | | | | | | 7,837.80 | | |
– From Non Banking Financials Corporations
|
| | | | 25.36 | | | | | | 2.81 | | |
Total
|
| | | | 6,482.58 | | | | | | 7,840.61 | | |
(ii) Current | | | | | | | | | | | | | |
Secured | | | | | | | | | | | | | |
Loans repayable on demand | | | | | | | | | | | | | |
– From Banks
|
| | | | 4,656.25 | | | | | | 3,005.98 | | |
Unsecured | | | | | | | | | | | | | |
Bank’s
|
| | | | — | | | | | | 246.58 | | |
Total
|
| | | | 4,656.25 | | | | | | 3,252.56 | | |
|
Particulars
|
| |
As at
March 31, 2018 |
| |
As at
March 31, 2017 |
| ||||||
Note 18 Other Non-current Liabilities | | | | | | | | | | | | | |
Payable for business acquisition
|
| | | | 261.96 | | | | | | 314.51 | | |
Payments for Equipment supply
|
| | | | — | | | | | | 32.46 | | |
Total
|
| | | | 261.96 | | | | | | 346.97 | | |
Note 19 Trade payables | | | | | | | | | | | | | |
– Due to Micro and Small Enterprises
|
| | | | — | | | | | | — | | |
– Others
|
| | | | 1,404.82 | | | | | | 1,273.69 | | |
Total
|
| | | | 1,404.82 | | | | | | 1,273.69 | | |
|
Particulars
|
| |
As at
March 31, 2018 |
| |
As at
March 31, 2017 |
| ||||||
Note 20 Other financial liabilities | | | | | | | | | | | | | |
(i) Non-current | | | | | | | | | | | | | |
CCPS through FVTPL
|
| | | | | | | | | | | | |
(ii) Current | | | | | | | | | | | | | |
Current maturities of long term debt | | | | | | | | | | | | | |
Secured | | | | | | | | | | | | | |
Term loans | | | | | | | | | | | | | |
– From banks ST
|
| | | | 2,679.60 | | | | | | 3,080.59 | | |
– From NBFCs ST
|
| | | | 11.43 | | | | | | 9.74 | | |
Creditors for Capital expenditure
|
| | | | 307.73 | | | | | | 150.53 | | |
Sundry creditors for others
|
| | | | 5,234.44 | | | | | | 3,510.04 | | |
Employee benefits Payable
|
| | | | 291.24 | | | | | | 260.80 | | |
To Employees short term
|
| | | | 0.63 | | | | | | 0.16 | | |
Deferred payment liabilities
|
| | | | 32.46 | | | | | | 243.65 | | |
Payable for business acquisition ST
|
| | | | 30.00 | | | | | | 138.00 | | |
Total
|
| | | | 8,587.53 | | | | | | 7,393.51 | | |
Note 21 Other current liabilities | | | | | | | | | | | | | |
Statutory dues payable
|
| | | | 313.09 | | | | | | 275.74 | | |
Unearned revenue
|
| | | | 138.93 | | | | | | 141.64 | | |
Total
|
| | | | 452.02 | | | | | | 417.38 | | |
Note 21(i) Deferred Tax Asset | | | | | | | | | | | | | |
Deferred Tax Asset on account of | | | | | | | | | | | | | |
Carried forward of losses
|
| | | | 793.70 | | | | | | 864.58 | | |
Employee Benefits Expenses
|
| | | | 6.59 | | | | | | 3.74 | | |
Site restoration cost
|
| | | | 1.89 | | | | | | 1.89 | | |
Gratuity thru OCI
|
| | | | 5.04 | | | | | | 3.43 | | |
HMP Card
|
| | | | 0.91 | | | | | | 1.76 | | |
MMA Income
|
| | | | 0.83 | | | | | | (1.25) | | |
Provision for Impairment of TR (ECL)
|
| | | | 65.71 | | | | | | 29.25 | | |
MAT credit entitlement
|
| | | | 43.87 | | | | | | 74.01 | | |
Total for DTA
|
| | | | 918.54 | | | | | | 977.41 | | |
|
Particulars
|
| |
As at
March 31, 2018 |
| |
As at
March 31, 2017 |
| ||||||
Deferred Tax Liability | | | | | | | | | | | | | |
Deferred Tax Liability on account of | | | | | | | | | | | | | |
Fixed Assets
|
| | | | (273.91) | | | | | | (313.66) | | |
HMP Card
|
| | | | — | | | | | | — | | |
MMA Income
|
| | | | — | | | | | | — | | |
Employee Benefits Expenses
|
| | | | — | | | | | | — | | |
Total for DTL
|
| | | | (273.91) | | | | | | (313.66) | | |
Net Deferred Tax Asset
|
| | | | 644.63 | | | | | | 663.75 | | |
Note 21(i) Deferred Tax Asset Liability | | | | | | | | | | | | | |
Deferred Tax Asset on account of | | | | | | | | | | | | | |
Carried forward of losses
|
| | | | 284.22 | | | | | | 1,151.83 | | |
Employee Benefits Expenses
|
| | | | 75.04 | | | | | | 67.98 | | |
Site restoration cost
|
| | | | 12.76 | | | | | | 11.67 | | |
Gratuity thru OCI
|
| | | | 25.24 | | | | | | 18.03 | | |
HMP Card
|
| | | | 24.74 | | | | | | 25.69 | | |
MMA Income
|
| | | | 17.80 | | | | | | 18.44 | | |
Provision for Impairment of TR (ECL)
|
| | | | 73.79 | | | | | | 70.30 | | |
Non convertible Preference shares
|
| | | | 51.57 | | | | | | 57.84 | | |
MAT credit entitlement
|
| | | | 1,425.08 | | | | | | 1,121.12 | | |
Total for DTA
|
| | | | 1,990.24 | | | | | | 2,542.90 | | |
Deferred Tax Liability | | | | | | | | | | | | | |
Deferred Tax Liability on account of | | | | | | | | | | | | | |
Fixed Assets
|
| | | | (2,989.95) | | | | | | (3,190.80) | | |
HMP Card
|
| | | | — | | | | | | — | | |
MMA Income
|
| | | | — | | | | | | — | | |
Employee Benefits Expenses
|
| | | | (0.48) | | | | | | — | | |
Total for DTL
|
| | | | (2,990.43) | | | | | | (3,190.80) | | |
Net Deferred Tax Liabilities
|
| | | | (1,000.19) | | | | | | (647.90) | | |
Note 22 Provisions | | | | | | | | | | | | | |
(i) Non-current | | | | | | | | | | | | | |
Provision towards site restoration cost
|
| | | | 45.56 | | | | | | 40.69 | | |
Total
|
| | | | 45.56 | | | | | | 40.69 | | |
(ii) Current | | | | | | | | | | | | | |
Employee benefit | | | | | | | | | | | | | |
Gratuity provision
|
| | | | 216.16 | | | | | | 206.07 | | |
Total
|
| | | | 216.16 | | | | | | 206.07 | | |
|
Particulars
|
| |
As at
March 31, 2018 |
| |
As at
March 31, 2017 |
| ||||||
Note 23 Current tax liabilites (Net) | | | | | | | | | | | | | |
Income Tax (net off provision)
|
| | | | 67.81 | | | | | | 94.07 | | |
| | | | | 67.81 | | | | | | 94.07 | | |
|
| | |
For the year Ended
March 31, 2018 |
| |
For the year Ended
March 31, 2017 |
| ||||||
Note 24 Revenue from operations | | | | | | | | | | | | | |
Diagnostic testing/Allied services
|
| | | | 45,483.39 | | | | | | 41,523.29 | | |
Franchise fee
|
| | | | 668.94 | | | | | | 847.51 | | |
| | | | | 46,152.33 | | | | | | 42,370.80 | | |
Less: Service tax
|
| | | | (6.81) | | | | | | (110.14) | | |
Less: Share of revenue/Discount
|
| | | | (10,820.44) | | | | | | (9,026.29) | | |
Total
|
| | | | 35,325.08 | | | | | | 33,234.37 | | |
Note 25 Other Income | | | | | | | | | | | | | |
Dividend income
|
| | | | 8.42 | | | | | | 33.43 | | |
Interest income
|
| | | | 91.22 | | | | | | 77.11 | | |
Other income
|
| | | | 15.73 | | | | | | 7.62 | | |
Total
|
| | | | 115.37 | | | | | | 118.16 | | |
Note 26 Cost of materials consumed | | | | | | | | | | | | | |
Films and Chemicals
|
| | | | 920.36 | | | | | | 1,028.14 | | |
Medicines
|
| | | | 2,551.51 | | | | | | 1,952.12 | | |
Printing & Stationery
|
| | | | 373.40 | | | | | | 434.33 | | |
Total
|
| | | | 3,845.27 | | | | | | 3,414.59 | | |
Note 27 Operating expenses | | | | | | | | | | | | | |
Reporting and direct expenses
|
| | | | 7,115.08 | | | | | | 7,911.06 | | |
Power and fuel
|
| | | | 1,194.65 | | | | | | 1,081.65 | | |
Rent
|
| | | | 1,714.89 | | | | | | 1,410.38 | | |
Ambulance charges
|
| | | | 186.77 | | | | | | 185.33 | | |
Total
|
| | | | 10,211.39 | | | | | | 10,588.42 | | |
Note 28 Employee benefit expenses | | | | | | | | | | | | | |
Salaries, wages, allowances and bonus
|
| | | | 5,549.32 | | | | | | 5,391.37 | | |
Contributions to provident and other funds
|
| | | | 423.90 | | | | | | 380.87 | | |
Gratuity expenses
|
| | | | 93.94 | | | | | | 78.17 | | |
Staff welfare expenses
|
| | | | 288.83 | | | | | | 302.84 | | |
Total
|
| | | | 6,355.99 | | | | | | 6,153.25 | | |
Note 29 Finance costs | | | | | | | | | | | | | |
Interest
|
| | | | 1,621.26 | | | | | | 3,544.66 | | |
Bank charges
|
| | | | 241.31 | | | | | | 105.89 | | |
Total
|
| | | | 1,862.57 | | | | | | 3,650.55 | | |
|
| | |
For the year Ended
March 31, 2018 |
| |
For the year Ended
March 31, 2017 |
| ||||||
Note 30 Depreciation and amortisation expense | | | | | | | | | | | | | |
Depreciation of Property, plant and Equipment
|
| | | | 3,527.70 | | | | | | 3,527.36 | | |
Amortisation of intangible assets
|
| | | | 180.81 | | | | | | 184.24 | | |
Total
|
| | | | 3,708.51 | | | | | | 3,711.60 | | |
Note 31 Other expenses | | | | | | | | | | | | | |
Travelling and conveyance
|
| | | | 987.76 | | | | | | 1,024.75 | | |
Annual maintenance charges
|
| | | | 1,472.76 | | | | | | 1,398.73 | | |
Repairs & maintenance | | | | | | | | | | | | | |
Repairs and Maintenance – Plant and Machinery
|
| | | | 97.00 | | | | | | 59.28 | | |
Repairs and Maintenance – Building
|
| | | | 29.57 | | | | | | 34.20 | | |
Repairs and Maintenance – Others
|
| | | | 305.82 | | | | | | 367.22 | | |
Communication expenses
|
| | | | 642.54 | | | | | | 649.47 | | |
Legal and professional
|
| | | | 324.92 | | | | | | 559.99 | | |
Insurance charges
|
| | | | 59.01 | | | | | | 64.80 | | |
Advertisement & business promotion
|
| | | | 103.64 | | | | | | 153.14 | | |
Office upkeep & maintenance charges
|
| | | | 698.30 | | | | | | 708.22 | | |
Rates and taxes
|
| | | | 22.66 | | | | | | 80.08 | | |
Bad debts
|
| | | | 197.64 | | | | | | — | | |
Allowances for bad and doubtful debts (exp)
|
| | | | 154.11 | | | | | | 155.68 | | |
Loss on sale of assets/investments
|
| | | | 14.15 | | | | | | 1.43 | | |
Miscellaneous expenses
|
| | | | 202.58 | | | | | | 163.46 | | |
Total
|
| | | | 5,312.46 | | | | | | 5,420.45 | | |
|
| | |
(Amount in Lakhs)
|
| |||||||||
Particulars
|
| |
2017 – 18
|
| |
2016 – 17
|
| ||||||
a Bank guarantee outstanding
|
| | | | 355.00 | | | | | | 478.00 | | |
b Corporate guarantee to Reliance capital
|
| | | | 111.61 | | | | | | 500.00 | | |
c Other Claims
|
| | | | 385.91 | | | | | | 207.79 | | |
| | |
(Amount in Lakhs)
|
| |||||||||
Particulars
|
| |
2017 – 18
|
| |
2016 – 17
|
| ||||||
Estimated amount of contracts remaining to be executed
|
| | | | 70.51 | | | | | | 278.50 | | |
| | |
(Amount in Lakhs)
|
| |||||||||
Particulars
|
| |
2017 – 18
|
| |
2016 – 17
|
| ||||||
Audit Fees
|
| | | | 37.47 | | | | | | 36.51 | | |
Tax Audit Fees
|
| | | | 11.08 | | | | | | 10.35 | | |
Other services
|
| | | | 29.08 | | | | | | 7.00 | | |
| | |
(Amount in Lakhs of March 31, 2018)
|
| |||||||||||||||||||||
| | |
Note
|
| |
Financial assets/liabilities at
|
| |
Total
Carrying Value |
| |||||||||||||||
Particulars
|
| |
Amortised
cost |
| |
Fair value
through Profit or Loss |
| |
Fair value
through OCI |
| |||||||||||||||
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | |
Non Current | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments
|
| | | | 7 | | | | | | 120.02 | | | | | | | | | | | | 120.02 | | |
Loans
|
| | | | 8(i) | | | | | | 13.23 | | | | | | | | | | | | 13.23 | | |
Other assets
|
| | | | 9(i) | | | | | | 1,941.92 | | | | | | | | | | | | 1,941.92 | | |
Current | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments
|
| | | | | | | | | | 12.75 | | | | | | | | | | | | 12.75 | | |
Trade receivables
|
| | | | 13 | | | | | | 12,902.79 | | | | | | | | | | | | 12,902.79 | | |
Cash and cash equivalents
|
| | | | 14(i) | | | | | | 1,058.13 | | | | | | | | | | | | 1,058.13 | | |
bank balances other than (ii) above
|
| | | | 14(ii) | | | | | | 2.57 | | | | | | | | | | | | 2.57 | | |
Loans
|
| | | | 8(ii) | | | | | | 64.31 | | | | | | | | | | | | 64.31 | | |
Others
|
| | | | 9(ii) | | | | | | 13.17 | | | | | | | | | | | | 13.17 | | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | |
Non Current | | | | | | | | | | | | | | | | | | | | | | | | | |
Borrowings
|
| | |
|
17(i)
|
| | | | | 6,482.58 | | | | | | | | | | | | 6,482.58 | | |
Current | | | | | | | | | | | | | | | | | | | | | | | | | |
Borrowings
|
| | | | 17(ii) | | | | | | 4,656.25 | | | | | | | | | | | | 4,656.25 | | |
Trade payable
|
| | | | 19 | | | | | | 1,404.82 | | | | | | | | | | | | 1,404.82 | | |
Other financials liabilities
|
| | | | 20 | | | | | | 8,587.53 | | | | | | | | | | | | 8,587.53 | | |
Particulars
|
| |
(Amount in Lakhs as of March 31, 2017)
|
| |||||||||||||||||||||
|
Note
|
| |
Financial assets/liabilities at
|
| |
Total
Carrying Value |
| |||||||||||||||||
|
Amortised
cost |
| |
Fair value
through Profit or Loss |
| |
Fair value
through OCI |
| |||||||||||||||||
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | |
Non Current | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments
|
| | | | | | | | | | 121.43 | | | | | | | | | | | | 121.43 | | |
Loans
|
| | | | 8(i) | | | | | | 11.45 | | | | | | | | | | | | 11.45 | | |
Other assets
|
| | | | 9(i) | | | | | | 1,551.19 | | | | | | | | | | | | 1,551.19 | | |
Current | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments
|
| | | | | | | | | | 807.83 | | | | | | | | | | | | 807.83 | | |
Trade receivables
|
| | | | 13 | | | | | | 8,555.10 | | | | | | | | | | | | 8,555.10 | | |
Cash and cash equivalents
|
| | | | 14(i) | | | | | | 898.61 | | | | | | | | | | | | 898.61 | | |
Loans
|
| | | | 8(ii) | | | | | | 54.68 | | | | | | | | | | | | 54.68 | | |
Others
|
| | | | 9(ii) | | | | | | 76.53 | | | | | | | | | | | | 76.53 | | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | |
Non Current | | | | | | | | | | | | | | | | | | | | | | | | | |
Borrowings
|
| | |
|
17(i)
|
| | | | | 7,840.61 | | | | | | | | | | | | 7,840.61 | | |
Current | | | | | | | | | | | | | | | | | | | | | | | | | |
Borrowings
|
| | | | 17(ii) | | | | | | 3,252.56 | | | | | | | | | | | | 3,252.56 | | |
Trade payable
|
| | | | 19 | | | | | | 1,273.69 | | | | | | | | | | | | 1,273.69 | | |
Other financials liabilities
|
| | | | 20 | | | | | | 7,393.51 | | | | | | | | | | | | 7,393.51 | | |
| | |
(Amount in Lakhs)
|
| |||||||||
Particulars
|
| |
As at March 31,
2018 |
| |
As at March 31,
2017 |
| ||||||
Variable Rate of instruments | | | | | | | | | | | | | |
– Financial Liabilities
|
| | | | | | | | | | | | |
Short Term Borrowings
|
| | | | 4,656.25 | | | | | | 3,252.56 | | |
Long Term Borrowings
|
| | | | 9,206.07 | | | | | | 11,174.59 | | |
| | |
(Amount in Lakhs)
|
| |||||||||
Particulars
|
| |
31st Mar 2018
Decrease/ Increase |
| |
31st Mar 2017
Decrease/ Increase |
| ||||||
Interest Rate (-/+ 50 basis Point) | | | | | | | | | | | | | |
Impact on profit on loss for the year**
|
| | | | 69.31 | | | | | | 72.14 | | |
| | |
(Amount in Lakhs)
|
| |||||||||||||||||||||
Particulars
|
| |
As at March 31, 2018
|
| |
As at March 31, 2017
|
| ||||||||||||||||||
|
Gross
|
| |
Impairment
|
| |
Gross
|
| |
Impairment
|
| ||||||||||||||
0 to 1 year
|
| | | | 10,256.17 | | | | | | | | | | | | 7917.07 | | | | | | | | |
1 to 2 year
|
| | | | 2,614.25 | | | | |
|
(252.47)
|
| | | | | 636.99 | | | | | | (104.81) | | |
> 2 year
|
| | | | 485.37 | | | | |
|
(199.71)
|
| | | | | 299.5 | | | | | | (193.95) | | |
Movement in provision for doubtful Debts
|
| |
(Amount in Lakhs)
|
| |||
|
Amount Rs.
In lakhs |
| |||||
As at March 31, 2016
|
| | | | 143.18 | | |
Charge for the year
|
| | | | 155.68 | | |
Utilised for the year
|
| | | | — | | |
As at March 31, 2017
|
| | | | 298.86 | | |
Charge for the year
|
| | | | 154.11 | | |
Utilised for the year
|
| | | | | | |
As at March 31, 2018
|
| | | | 452.97 | | |
|
Particulars
|
| |
Years
|
| |||||||||||||||||||||||||||
|
0 – 1
|
| |
1 – 2
|
| |
> 2
|
| |
Total
Amount |
| |
Carrying
Amount |
| |||||||||||||||||
31st Mar 2018 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Variable interest rate instruments
|
| | |
|
8,320.00
|
| | | |
|
2,863.00
|
| | | |
|
5,014.00
|
| | | |
|
16,197.00
|
| | | |
|
13,862.32
|
| |
Trade payable
|
| | |
|
1,404.82
|
| | | |
|
—
|
| | | |
|
—
|
| | | |
|
1,404.82
|
| | | |
|
1,404.82
|
| |
Other financials liabilities
|
| | |
|
5,864.04
|
| | | |
|
—
|
| | | |
|
—
|
| | | |
|
5,864.04
|
| | | |
|
5,864.04
|
| |
31st Mar 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Variable interest rate instruments
|
| | |
|
7,289.00
|
| | | |
|
8,309.00
|
| | | |
|
7,876.00
|
| | | |
|
23,474.00
|
| | | |
|
14,427.15
|
| |
Trade payable
|
| | |
|
1,273.69
|
| | | |
|
—
|
| | | |
|
—
|
| | | |
|
1,273.69
|
| | | |
|
1,273.69
|
| |
Other financials liabilities
|
| | |
|
4,059.53
|
| | | |
|
—
|
| | | |
|
—
|
| | | |
|
4,059.53
|
| | | |
|
4,059.53
|
| |
Gearing Ratio
|
| |
31.3.2018
|
| |
31.3.2017
|
| ||||||
Debt
|
| | | | 13,862.32 | | | | | | 14,427.15 | | |
Less: Cash & bank balances
|
| | | | 1,058.13 | | | | | | 898.61 | | |
Net Debt
|
| | | | 12,804.19 | | | | | | 13,528.54 | | |
Total Equity
|
| | | | 31,360.86 | | | | | | 28,612.57 | | |
Gearing ratio.
|
| | | | 41% | | | | | | 47% | | |
Defined benefit plans (Gratuity)
Reconciliation of opening and closing balances of the present value of the defined benefit obligation |
| |
Rs. In Lakhs
|
| |||||||||
|
17 – 18
|
| |
16 – 17
|
| ||||||||
CHANGES IN THE PRESENT VALUE OF THE OBLIGATION (PVO) | | | | ||||||||||
PVO as at the beginning of the period
|
| | | | 276.93 | | | | | | 190.69 | | |
Interest Cost
|
| | | | 15.20 | | | | | | 12.22 | | |
Current service cost
|
| | | | 63.01 | | | | | | 56.83 | | |
Current service cost – others**
|
| | | | 11.36 | | | | | | 15.47 | | |
Past service cost
|
| | | | 10.62 | | | | | | — | | |
Benefits paid
|
| | | | (69.15) | | | | | | (63.92) | | |
Actuarial (gain)/loss on Plan Obligations
|
| | | | 31.64 | | | | | | 65.63 | | |
Others
|
| | | | — | | | | | | — | | |
PVO as at the end of the period
|
| | | | 339.61 | | | | | | 276.93 | | |
CHANGES IN THE FAIR VALUE OF PLAN ASSETS | | | | | | | | | | | | | |
Fair value of plan assets as at the beginning of the period
|
| | | | 70.86 | | | | | | 99.56 | | |
Expected return on plan assets
|
| | | | 6.28 | | | | | | 6.35 | | |
Contributions
|
| | | | 115.00 | | | | | | 29.74 | | |
Benefits paid
|
| | | | (69.15) | | | | | | (63.92) | | |
Actuarial (gain)/loss on Plan assets
|
| | | | 0.50 | | | | | | (0.87) | | |
Fair value of plan assets as at the end of the period
|
| | | | 123.49 | | | | | | 70.86 | | |
| | | | | — | | | | | | — | | |
AMOUNTS RECOGNISED IN THE BALANCE SHEET AND RELATED ANALYSES
|
| | | | — | | | | | | — | | |
Present value of the obligation
|
| | | | 339.61 | | | | | | 276.93 | | |
Fair value of plan assets
|
| | | | (123.49) | | | | | | (70.86) | | |
Amount determined under para 63 of IAS19
|
| | | | 216.12 | | | | | | 206.07 | | |
Net Defined Benefit Liability recognized in the balance sheet
|
| | | | 216.12 | | | | | | 206.07 | | |
Present value of future reduction in contribution under para 65 of IAS19 | | | | ||||||||||
Net Defined Benefit Asset recognised under para 64 of IAS19 | | | | ||||||||||
EXPENSES RECOGNISED IN THE STATEMENT OF PROFIT AND LOSS: | | | | ||||||||||
Current service cost
|
| | | | 63.01 | | | | | | 56.83 | | |
Current Service cost others**
|
| | | | 11.36 | | | | | | 15.47 | | |
Net Interest on Net Defined Benefit Obligations
|
| | | | 8.92 | | | | | | 5.87 | | |
Net actuarial (gain)/loss recognised during the period
|
| | | | — | | | | | | — | | |
Past service cost
|
| | | | 10.62 | | | | | | — | | |
Expenses recognized in the statement of profit and loss
|
| | | | 93.91 | | | | | | 78.17 | | |
| | | | | | | | | | | | | |
AMOUNT RECOGNIZED FOR THE CURRENT PERIOD IN THE STATEMENT OF OTHER COMPREHENSIVE INCOME [OCI]
|
| | | | | | | | |||||
Actuarial (gain)/loss on Plan Obligations
|
| | | | 31.64 | | | | | | 65.64 | | |
Difference between Actual Return and Interest Income on Plan Assets – (gain)/loss
|
| | | | (0.50) | | | | | | 0.87 | | |
Effect of Balance Sheet asset limit
|
| | | | — | | | | | | — | | |
Amount recognized in OCI for the current period
|
| | | | 31.14 | | | | | | 66.51 | | |
|
PRINCIPLE ACTUARIAL ASSUMPTIONS [Expressed as weighted averages] |
| |
31 03 2018
|
| |
31 03 2017
|
|
Discount Rate
|
| |
6.94% to 7.0%
|
| |
6.7%
|
|
Rate of increase in compensation levels
|
| |
7.0%
|
| |
4.5%
|
|
Attrition Rate
|
| |
27.5% to 33.0%
|
| |
18.0%
|
|
Expected rate of return on Plan Assets
|
| |
6.94% to 7.0%
|
| |
6.7%
|
|
Sensitivity Analyses – ***
|
| |
—
|
| |
—
|
|
A.
Discount Rate +50 BP
|
| |
7%
|
| |
7%
|
|
Defined Benefit Obligation [PVO]
|
| |
307.96
|
| |
255.81
|
|
Current Service Cost
|
| |
64.43
|
| |
61.18
|
|
B.
Discount Rate -50 BP
|
| |
6%
|
| |
6%
|
|
Defined Benefit Obligation [PVO]
|
| |
317.77
|
| |
267.37
|
|
Current Service Cost
|
| |
67.18
|
| |
64.93
|
|
C.
Salary Escalation Rate +50 BP
|
| |
8%
|
| |
5%
|
|
Defined Benefit Obligation [PVO]
|
| |
318.30
|
| |
267.53
|
|
Current Service Cost
|
| |
67.32
|
| |
64.94
|
|
D.
Salary Escalation Rate -50 BP
|
| |
7%
|
| |
4%
|
|
Defined Benefit Obligation [PVO]
|
| |
307.40
|
| |
255.58
|
|
Current Service Cost
|
| |
64.29
|
| |
61.13
|
|
Expected Benefit Payments in Following Years | | | | | | | |
Year 1
|
| |
71.88
|
| |
42.90
|
|
Year 2
|
| |
72.07
|
| |
51.15
|
|
Year 3
|
| |
52.20
|
| |
33.85
|
|
Year 4
|
| |
47.09
|
| |
33.35
|
|
Year 5
|
| |
38.31
|
| |
32.00
|
|
Next 5 Years
|
| |
92.00
|
| |
105.96
|
|
| | |
Rs. In Lakhs
|
| |||||||||
Particulars
|
| | | | | ||||||||
Not later than 1 year
|
| | | | 1,461.53 | | | | | | 1,260.01 | | |
Later than 1 year and not later than 5 years
|
| | | | 4,420.61 | | | | | | 5,094.85 | | |
Later than 5 years
|
| | | | 1,233.76 | | | | | | 2,021.05 | | |
Particulars
|
| | | | | ||||||||
Minimum lease payments
|
| | | | 1,461.53 | | | | | | 1,260.01 | | |
| | |
Rs In Lakhs
|
| |||||||||
Particulars
|
| | | | | ||||||||
Not later than 1 year
|
| | | | 23.49 | | | | | | 9.74 | | |
Later than 1 year and not later than 5 years
|
| | | | 46.97 | | | | | | 2.35 | | |
Later than 5 years
|
| | |
|
—
|
| | |
Particulars
|
| | | | | ||||||||
Profit (loss) for the year, attributable to the owners of the
Group – Rs. In Lakhs |
| | | | 2,727.07 | | | | | | -484.09 | | |
Earnings used in calculation of basic earnings per share (A) – Rs. In Lakhs
|
| | |
|
2,727.07
|
| | | |
|
(484.09)
|
| |
Weighted average number of ordinary shares for the purpose of basic earnings per share (B) – in Nos
|
| | | | 660,426 | | | | | | 660,426 | | |
Basic EPS (A/B) – In Rs.
|
| | |
|
412.93
|
| | | |
|
(73.30)
|
| |
Particulars
|
| | | | | ||||||||
Profit (loss) for the year, attributable to the owners of the
Group – Rs. In Lakhs |
| | | | 2,727.07 | | | | | | -484.09 | | |
Earnings used in calculation of basic earnings per share (A) – Rs. In Lakhs
|
| | |
|
2,727.07
|
| | | |
|
(484.09)
|
| |
Weighted average number of ordinary shares for the purpose of basic earnings per share (B) – in Nos
|
| | | | 16,119,342 | | | | | | 16,119,342 | | |
Diluted EPS (A/B) – In Rs.
|
| | |
|
16.92
|
| | | |
|
(73.30)
|
| |
| | |
(Amount in Lakhs)
|
| ||||||||||||||||||||||||
Particulars
|
| |
Opening
balance as on 01.04.17 |
| |
Additions/
Transfers during the year |
| |
Utilization
during the year |
| |
Adjustment
during the year |
| |
Written-
back during the year |
| |
Closing
balance as on 31.03.18 |
| |||||||||
Asset Restoration Obligation
|
| | |
|
40.69
|
| | | |
|
4.88
|
| | | | | | | | | | | | |
|
45.57
|
| |
|
For and on behalf of the Board of Directors
|
| | As per our report of even date For ASA & ASSOCIATES LLP FR No. 009571N/N500006 Chartered Accountants |
|
|
/s/ Raju Venkatraman
|
| |
/s/ Arjun Ananth
|
| |
/s/ S. Sundar Rajan
|
|
| Managing Director and CEO | | | Nominee Director | | | Partner | |
| DIN: 00632071 | | | DIN: 01207540 | | | M. No. 211414 | |
|
/s/ Ravishankar KR
|
| |
|
| | ||
| EVP – CFO | | | Company Secretary | | |
|
ASA & ASSOCIATES llp
CHARTERED ACCOUNTANTS |
| |
Unit 709 & 710, 7th Floor
‘BETA Wing’, Raheja Towers New Number 177, Anna Salai Chennai 600 002 INDIA T +91 44 4904 8200 |
|
Particulars
|
| |
Note
|
| |
As at
March 31, 2017 |
| |
As at
March 31, 2016 |
| |
As at
April 01, 2015 |
| ||||||||||||
A
ASSETS
|
| | | | | | | | | | | | | | | | | | | | | | | | |
1 Non-current assets
|
| | | | | | | | | | | | | | | | | | | | | | | | |
(a) Property, Plant and Equipment
|
| | | | 4 | | | | | | 26,489.67 | | | | | | 28,093.10 | | | | | | 24,470.05 | | |
(b) Capital work-in-progress
|
| | | | | | | | | | — | | | | | | 589.21 | | | | | | 237.30 | | |
(c) Goodwill
|
| | | | 5 | | | | | | 2,807.49 | | | | | | 2,807.49 | | | | | | 2,807.49 | | |
(d) Other Intangible assets
|
| | | | 6 | | | | | | 1,574.70 | | | | | | 1,758.94 | | | | | | 1,943.18 | | |
(e) Consolidation goodwill
|
| | | | | | | | | | 3,877.61 | | | | | | 3,907.88 | | | | | | 3,945.17 | | |
(f) Financial assets
|
| | | | | | | | | | | | | | | | | | | | | | | | |
(i) Investments
|
| | | | 7(i) | | | | | | 121.43 | | | | | | 120.41 | | | | | | 100.41 | | |
(ii) Loans
|
| | | | 8(i) | | | | | | 11.45 | | | | | | 9.50 | | | | | | 19.04 | | |
(iii) Other assets
|
| | | | 9(i) | | | | | | 1,551.19 | | | | | | 1,482.44 | | | | | | 1,032.70 | | |
(g) Deferred tax assets (Net)
|
| | | | 21(i) | | | | | | 663.75 | | | | | | 692.23 | | | | | | 618.03 | | |
(h) Current tax assets (Net)
|
| | | | 10 | | | | | | 887.53 | | | | | | 45.65 | | | | | | 193.48 | | |
(i) Other non-current assets
|
| | | | 11(i) | | | | | | 169.43 | | | | | | 153.17 | | | | | | 233.45 | | |
| | | | | | | | | | | 38,154.25 | | | | | | 39,660.02 | | | | | | 35,600.30 | | |
2 Current assets
|
| | | | | | | | | | — | | | | | | — | | | | | | — | | |
(a) Inventories
|
| | | | 12 | | | | | | 677.09 | | | | | | 512.65 | | | | | | 532.72 | | |
(b) Financial Assets
|
| | | | | | | | | | — | | | | | | — | | | | | | — | | |
(i) Investments
|
| | | | 7(ii) | | | | | | 807.83 | | | | | | 1,133.74 | | | | | | 1,307.23 | | |
(ii) Trade receivables
|
| | | | 13 | | | | | | 8,555.10 | | | | | | 6,494.24 | | | | | | 2,704.73 | | |
(iii) Cash and cash equivalents
|
| | | | 14(i) | | | | | | 898.61 | | | | | | 1,605.40 | | | | | | 864.18 | | |
(iv) Bank balances other than (iii) above
|
| | | | 14(ii) | | | | | | — | | | | | | — | | | | | | — | | |
(v) Loans
|
| | | | 8(ii) | | | | | | 54.68 | | | | | | 70.63 | | | | | | 17.66 | | |
(vi) Others
|
| | | | 9(ii) | | | | | | 76.53 | | | | | | 63.03 | | | | | | 61.99 | | |
(c) Current Tax Assets (Net)
|
| | | | | | | | | | — | | | | | | — | | | | | | — | | |
(d) Other current assets
|
| | | | 11(ii) | | | | | | 901.93 | | | | | | 566.32 | | | | | | 647.17 | | |
| | | | | | | | | | | 11,971.77 | | | | | | 10,446.01 | | | | | | 6,135.68 | | |
Total Assets (1+2)
|
| | | | | | | | | | 50,126.02 | | | | | | 50,106.03 | | | | | | 41,735.98 | | |
|
Particulars
|
| |
Note
|
| |
As at
March 31, 2017 |
| |
As at
March 31, 2016 |
| |
As at
April 01, 2015 |
| ||||||||||||
B
EQUITY AND LIABILITIES
|
| | | | | | | | | | | | | | | | | | | | | | | | |
1 Equity
|
| | | | | | | | | | | | | | | | | | | | | | | | |
(a) Equity share capital
|
| | | | 15(A) | | | | | | 66.04 | | | | | | 66.04 | | | | | | 66.04 | | |
(b) Instrument entirely Equity in nature
|
| | | | 15(B) | | | | | | 25,305.55 | | | | | | 14,800.00 | | | | | | 14,800.00 | | |
(c) Other Equity
|
| | | | 16 | | | | | | 3,186.53 | | | | | | 3,670.61 | | | | | | 3,545.66 | | |
Non controlling interest
|
| | | | | | | | | | 54.45 | | | | | | 89.27 | | | | | | 204.22 | | |
Total Equity
|
| | | | | | | | | | 28,612.57 | | | | | | 18,625.92 | | | | | | 18,615.92 | | |
Liabilities
|
| | | | | | | | | | | | | | | | | | | | | | | | |
2 Non-current liabilities
|
| | | | | | | | | | | | | | | | | | | | | | | | |
(a) Financial liabilities
|
| | | | | | | | | | | | | | | | | | | | | | | | |
(i) Borrowings
|
| | | | 17(i) | | | | | | 7,840.61 | | | | | | 8,436.96 | | | | | | 8,449.70 | | |
(ii) Other financial liabilities
|
| | | | 20(i) | | | | | | — | | | | | | 8,903.01 | | | | | | 7,541.50 | | |
(b) Provisions
|
| | | | 22(i) | | | | | | 40.69 | | | | | | 36.34 | | | | | | — | | |
(c) Deferred tax liabilities (Net)
|
| | | | 21(i) | | | | | | 647.90 | | | | | | 311.06 | | | | | | 54.85 | | |
(d) Other Non-Current liabilities
|
| | | | 18 | | | | | | 346.97 | | | | | | 1,067.12 | | | | | | 3,243.00 | | |
Total Non-Current Liabilities
|
| | | | | | | | | | 8,876.17 | | | | | | 18,754.49 | | | | | | 19,289.05 | | |
3 Current liabilities
|
| | | | | | | | | | | | | | | | | | | | | | | | |
(a) Financial liabilities
|
| | | | | | | | | | | | | | | | | | | | | | | | |
(i) Borrowings
|
| | | | 17(ii) | | | | | | 3,252.56 | | | | | | 2,556.73 | | | | | | 911.06 | | |
(ii) Trade payable
|
| | | | 19 | | | | | | 1,273.69 | | | | | | 1,015.22 | | | | | | 771.63 | | |
(ii) Other financials liabilities
|
| | | | 20(ii) | | | | | | 7,393.51 | | | | | | 8,442.90 | | | | | | 1,819.02 | | |
(b) Other current liabilities
|
| | | | 21 | | | | | | 417.38 | | | | | | 566.43 | | | | | | 261.55 | | |
(c) Provisions
|
| | | | 22(ii) | | | | | | 206.07 | | | | | | 105.87 | | | | | | 28.76 | | |
(d) Current tax liabilities (net)
|
| | | | 23 | | | | | | 94.07 | | | | | | 38.47 | | | | | | 38.99 | | |
Total Current Liabilities
|
| | | | | | | | | | 12,637.28 | | | | | | 12,725.62 | | | | | | 3,831.01 | | |
Total Equity and Liabilities (1+2+3)
|
| | | | | | | | | | 50,126.02 | | | | | | 50,106.03 | | | | | | 41,735.98 | | |
|
| For and on behalf of the Board of Directors | | | As per our report of even date For ASA & ASSOCIATES LLP FR No. 009571N/N500006 Chartered Accountants |
|
|
/s/ Raju Venkatraman
|
| |
/s/ Arjun Ananth
|
| |
/s/ S. Sundar Rajan
|
|
|
/s/ Ravishankar KR
Ravishankar KR
EVP – CFO |
| |
Manas Ranjan Sahoo
Company Secretary |
| |
Particulars
|
| |
Note
|
| | | | | |||||||||||
INCOME
|
| | | | | | | | | | | | | | | | | | |
1
Revenue from operations
|
| | | | 24 | | | | | | 33,234.37 | | | | | | 29,279.47 | | |
2
Other income
|
| | | | 25 | | | | | | 118.16 | | | | | | 186.35 | | |
3
Total Income (1+2)
|
| | | | | | | | | | 33,352.53 | | | | | | 29,465.82 | | |
4
EXPENSES
|
| | | | | | | | | | | | | | | | | | |
(a) Cost of materials consumed
|
| | | | 26 | | | | | | 3,414.59 | | | | | | 3,119.49 | | |
(b) Other Operating Expenses
|
| | | | 27 | | | | | | 10,588.42 | | | | | | 10,319.57 | | |
(c) Employee benefits expense
|
| | | | 28 | | | | | | 6,153.25 | | | | | | 4,567.21 | | |
(d) Finance costs
|
| | | | 29 | | | | | | 3,650.55 | | | | | | 2,965.30 | | |
(e) Depreciation and amortisation expense
|
| | | | 30 | | | | | | 3,711.60 | | | | | | 3,195.99 | | |
(f) Other expenses
|
| | | | 31 | | | | | | 5,420.45 | | | | | | 4,441.53 | | |
Total expenses
|
| | | | | | | | | | 32,938.86 | | | | | | 28,609.09 | | |
5
Profit/(Loss) before tax (3-4)
|
| | | | | | | | | | 413.67 | | | | | | 856.73 | | |
6
Tax expense:
|
| | | | | | | | | | | | | | | | | | |
(a) Current tax
|
| | | | | | | | | | 462.96 | | | | | | 507.68 | | |
(b) Deferred tax
|
| | | | | | | | | | 384.28 | | | | | | 233.63 | | |
Total tax expenses
|
| | | | | | | | | | 847.24 | | | | | | 741.31 | | |
7
Profit/(Loss) for the year (5-6)
|
| | | | | | | | | | (433.57) | | | | | | 115.42 | | |
8
Other comprehensive income
|
| | | | | | | | | | | | | | | | | | |
Item that will not be reclassified to profit or loss
|
| | | | | | | | | | | | | | | | | | |
(i) Remeasurement of the Defined Benefit Plans
|
| | | | | | | | | | (66.51) | | | | | | — | | |
(ii) Tax on the above
|
| | | | | | | | | | 21.46 | | | | | | — | | |
(iii) Fair value changes in Equity Instruments
|
| | | | | | | | | | — | | | | | | — | | |
(iv) Tax on the above
|
| | | | | | | | | | — | | | | | | — | | |
Total other comprehensive income/(loss) ((i)+(ii)+(iii)+(iv))
|
| | | | | | | | | | (45.05) | | | | | | — | | |
9
Total comprehensive income for the year (7+8)
|
| | | | | | | | | | (478.62) | | | | | | 115.42 | | |
10
Non controlling interest
|
| | | | | | | | | | 5.47 | | | | | | 9.05 | | |
Profit after tax for the year
|
| | | | | | | | | | (484.09) | | | | | | 106.37 | | |
11
Earning per equity share
|
| | |
|
32.8
|
| | | | | | | | | | | | | |
Basic
|
| | | | | | | | | | (73.30) | | | | | | 16.11 | | |
Diluted
|
| | | | | | | | | | (73.30) | | | | | | 0.66 | | |
| For and on behalf of the Board of Directors | | | As per our report of even date For ASA & ASSOCIATES LLP FR No. 009571N/N500006 Chartered Accountants |
|
|
/s/ Raju Venkatraman
|
| |
/s/ Arjun Ananth
|
| |
/s/ S. Sundar Rajan
|
|
|
/s/ Ravishankar KR
Ravishankar KR
EVP – CFO |
| |
Manas Ranjan Sahoo
Company Secretary |
| |
Particulars
|
| | | | | ||||||||
OPERATING ACTIVITIES | | | | | | | | | | | | | |
Net Profit before tax
|
| | | | 413.67 | | | | | | 856.73 | | |
Adjustment for
|
| | | | | | | | | | | | |
Depreciation and amortisation expenses
|
| | | | 3,711.60 | | | | | | 3,195.99 | | |
Interest Expenses
|
| | | | 3,650.55 | | | | | | 2,965.30 | | |
Misc Income
|
| | | | (118.16) | | | | | | (186.35) | | |
Operating profit before working Capital changes
|
| | | | 7,657.66 | | | | | | 6,831.67 | | |
(Increase)/Decrease in Receivables
|
| | | | (2,060.86) | | | | | | (3,789.51) | | |
(Increase)/Decrease in Inventories
|
| | | | (164.44) | | | | | | 20.07 | | |
(Increase)/Decrease in Other Assets
|
| | | | (114.04) | | | | | | 144.36 | | |
(Increase)/Decrease in Loans & advances
|
| | | | 14.00 | | | | | | (43.43) | | |
Increase/(Decrease) in Payables
|
| | | | 258.47 | | | | | | 243.59 | | |
Increase/(Decrease) in Other Liabilities
|
| | | | 1,832.60 | | | | | | 2,467.90 | | |
Cash Generated from Operation
|
| | | | 7,423.39 | | | | | | 5,874.65 | | |
Tax payment
|
| | | | 1,133.48 | | | | | | 360.38 | | |
Net cash from operation post tax
|
| | | | 6,289.91 | | | | | | 5,514.27 | | |
INVESTING ACTIVITIES | | | | | | | | | | | | | |
Payment for purchase of property, plant and equipment
|
| | | | (3,533.19) | | | | | | (6,135.16) | | |
Investments
|
| | | | 324.89 | | | | | | 153.49 | | |
Investing Cash Flows
|
| | | | (3,208.30) | | | | | | (5,981.67) | | |
FINANCING ACTIVITIES | | | | | | | | | | | | | |
Loan raised during the year
|
| | | | 2,636.76 | | | | | | 4,350.00 | | |
Repayment of loans
|
| | | | (3,588.60) | | | | | | (2,008.10) | | |
Working captial loan movement net
|
| | | | 695.83 | | | | | | 1,645.67 | | |
Misc Income
|
| | | | 118.16 | | | | | | 186.35 | | |
Interest Payment
|
| | | | (3,650.55) | | | | | | (2,965.30) | | |
Financing Cash Flows
|
| | | | (3,788.40) | | | | | | 1,208.62 | | |
Net Increase/(Decrease) in Cash & Cash Equivalents
|
| | | | (706.79) | | | | | | 741.22 | | |
Cash & Cash Equivalents at the beginning of the year
|
| | | | 1,605.40 | | | | | | 864.18 | | |
Cash & Cash Equivalents at the end of the year
|
| | | | 898.61 | | | | | | 1,605.40 | | |
|
| Cash on hand | | | | | | | | | | | | | |
| Balance with banks | | | | | | | | | | | | | |
|
– On current account
|
| | | | 838.60 | | | | | | 1,549.16 | | |
| – On deposit account less that 12 months | | | | | | | | | | | | | |
|
Cash and bank balance
|
| | | | 60.01 | | | | | | 56.24 | | |
|
Cash and cash equivalents in cash flow statement
|
| | | | 898.61 | | | | | | 1,605.40 | | |
|
| For and on behalf of the Board of Directors | | | As per our report of even date For ASA & ASSOCIATES LLP FR No. 009571N/N500006 Chartered Accountants |
|
|
/s/ Raju Venkatraman
|
| |
/s/ Arjun Ananth
|
| |
/s/ S. Sundar Rajan
|
|
| Managing Director & CEO | | | Nominee Director | | | Partner | |
| DIN: 00632071 | | | DIN: 01207540 | | | M No. 211414 | |
|
/s/ Ravishankar KR
|
| |
|
| | ||
| EVP – CFO | | | Company Secretary | | |
|
S. No
|
| |
Name of the Subsidiaries of MSLPL
|
| |
Date of
Incorporation |
| |
% of Equity
Holding |
|
|
1
|
| | Medall Scans and Labs Kumbakonam Pvt Ltd | | |
19 November 2010
|
| |
100
|
|
|
2
|
| | Medall Scans and Labs Mayiladudurai Pvt Ltd | | |
19 November 2010
|
| |
100
|
|
|
3
|
| | Medall Scans and Labs Tiruvannamalai Pvt Ltd | | |
02 February 2011
|
| |
100
|
|
|
4
|
| | Medall Scans and Labs Kallakurichi Pvt Ltd | | |
02 February 2011
|
| |
100
|
|
|
5
|
| | Medall Scans and Labs Marthahalli Pvt Ltd | | |
21 April 2011
|
| |
76
|
|
|
6
|
| | Medall Scans and Labs Chengalpattu Pvt Ltd | | |
14 June 2011
|
| |
100
|
|
|
7
|
| | Medall Scans and Labs Arupukottai Pvt Ltd | | |
14 June 2011
|
| |
100
|
|
|
8
|
| | Medall Scans and Labs Aranthangi Pvt Ltd | | |
14 June 2011
|
| |
100
|
|
|
9
|
| | Medall Scans and Labs Kottayam Pvt Ltd | | |
14 June 2011
|
| |
100
|
|
|
10
|
| | Medall Spark Diagnostics Nashik Pvt Ltd | | |
09 May 2013
|
| |
76
|
|
|
11
|
| | Medall Scans and Labs Ranchi Pvt Ltd | | |
05 June 2015
|
| |
100
|
|
|
For and on behalf of the Board of Directors
|
| | As per our report of even date For ASA & ASSOCIATES LLP FR No. 009571N/N500006 Chartered Accountants |
|
|
/s/ Raju Venkatraman
|
| |
/s/ Arjun Ananth
|
| |
/s/ S. Sundar Rajan
|
|
| Managing Director and CEO | | | Nominee Director | | | Partner | |
| DIN: 00632071 | | | DIN: 01207540 | | | M. No. 211414 | |
|
/s/ Ravishankar KR
|
| |
|
| | ||
| EVP – CFO | | | Company Secretary | | |
Descriptions
|
| |
Land
|
| |
Buildings
|
| |
Plant and
Equipment |
| |
Furniture &
Fixtures |
| |
Vehicles
|
| |
Electrical
Fittings |
| |
Computers
|
| |
Total
|
| ||||||||||||||||||||||||
Cost | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
As at April 01, 2015
|
| | | | 645.93 | | | | | | 307.78 | | | | | | 19,362.42 | | | | | | 2,586.77 | | | | | | 231.66 | | | | | | 1,000.72 | | | | | | 334.77 | | | | | | 24,470.05 | | |
Additions during the year
|
| | | | — | | | | | | — | | | | | | 3,201.36 | | | | | | 2,643.33 | | | | | | 1.82 | | | | | | 461.50 | | | | | | 335.77 | | | | | | 6,643.78 | | |
Deletions during the year
|
| | | | — | | | | | | — | | | | | | 4.81 | | | | | | 7.50 | | | | | | — | | | | | | — | | | | | | — | | | | | | 12.31 | | |
As at March 31, 2016
|
| | | | 645.93 | | | | | | 307.78 | | | | | | 22,558.97 | | | | | | 5,222.60 | | | | | | 233.48 | | | | | | 1,462.22 | | | | | | 670.54 | | | | | | 31,101.52 | | |
Additions during the year
|
| | | | — | | | | | | — | | | | | | 1,306.00 | | | | | | 412.27 | | | | | | 3.40 | | | | | | 63.49 | | | | | | 209.70 | | | | | | 1,994.86 | | |
Deletions during the year
|
| | | | — | | | | | | — | | | | | | 13.18 | | | | | | 58.59 | | | | | | 31.10 | | | | | | 2.70 | | | | | | — | | | | | | 105.57 | | |
As at March 31, 2017
|
| | | | 645.93 | | | | | | 307.78 | | | | | | 23,851.79 | | | | | | 5,576.28 | | | | | | 205.78 | | | | | | 1,523.01 | | | | | | 880.24 | | | | | | 32,990.81 | | |
Depreciations | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||
As at April 01, 2015 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Charge for the year
|
| | | | 0 | | | | | | 24.11 | | | | | | 2155.15 | | | | | | 435.82 | | | | | | 47.73 | | | | | | 177.98 | | | | | | 170.95 | | | | | | 3,011.74 | | |
Deletions during the year
|
| | | | 0 | | | | | | 0 | | | | | | 1.73 | | | | | | 1.59 | | | | | | 0 | | | | | | 0 | | | | | | 0 | | | | | | 3.32 | | |
As at April 01, 2016
|
| | | | — | | | | | | 24.11 | | | | | | 2,153.42 | | | | | | 434.23 | | | | | | 47.73 | | | | | | 177.98 | | | | | | 170.95 | | | | | | 3,008.42 | | |
Charge for the year
|
| | | | — | | | | | | 24.11 | | | | | | 2,392.58 | | | | | | 635.31 | | | | | | 41.96 | | | | | | 201.18 | | | | | | 232.22 | | | | | | 3,527.36 | | |
Deletions during the year
|
| | | | — | | | | | | — | | | | | | 2.99 | | | | | | 1.20 | | | | | | 30.25 | | | | | | 0.16 | | | | | | 0.04 | | | | | | 34.64 | | |
As at March 31, 2017
|
| | | | — | | | | | | 48.22 | | | | | | 4,543.01 | | | | | | 1,068.34 | | | | | | 59.44 | | | | | | 379.00 | | | | | | 403.13 | | | | | | 6,501.14 | | |
Net Book Value: | | | | | | | | | | ||||||||||||||||||||||||||||||||||||||||
As at March 31, 2017
|
| | | | 645.93 | | | | | | 259.56 | | | | | | 19,308.78 | | | | | | 4,507.94 | | | | | | 146.34 | | | | | | 1,144.01 | | | | | | 477.11 | | | | | | 26,489.67 | | |
As at March 31, 2016
|
| | | | 645.93 | | | | | | 283.67 | | | | | | 20,405.55 | | | | | | 4,788.37 | | | | | | 185.75 | | | | | | 1,284.24 | | | | | | 499.59 | | | | | | 28,093.10 | | |
As at March 31, 2015
|
| | | | 645.93 | | | | | | 307.78 | | | | | | 19,362.42 | | | | | | 2,586.77 | | | | | | 231.66 | | | | | | 1,000.72 | | | | | | 334.77 | | | | | | 24,470.05 | | |
Descriptions
|
| |
Goodwill
|
| |||
Cost
|
| | | | 2,807.49 | | |
Additions during the year
|
| | | | — | | |
Impairment
|
| | | | — | | |
Deletions during the year
|
| | | | — | | |
As at March 31, 2016
|
| | |
|
2,807.49
|
| |
Additions during the year
|
| | | | — | | |
Deletions during the year
|
| | | | — | | |
As at March 31, 2017
|
| | | | 2,807.49 | | |
Depreciations | | | | | | | |
As at April 01, 2015
|
| | |
|
—
|
| |
Charge for the year
|
| | | | — | | |
Deletions during the year
|
| | | | — | | |
As at April 01, 2016
|
| | | | — | | |
Charge for the year
|
| | | | — | | |
Deletions during the year
|
| | | | — | | |
As at March 31, 2017
|
| | | | — | | |
Net Book Value: | | | | | | | |
As at March 31, 2017
|
| | | | 2,807.49 | | |
As at March 31, 2016
|
| | | | 2,807.49 | | |
As at March 31, 2015
|
| | | | 2,807.49 | | |
Descriptions
|
| |
Intellectual
Property Right |
| |||
Cost
|
| | | | 1,943.18 | | |
Additions during the year
|
| | | | — | | |
Deletions during the year
|
| | | | — | | |
As at March 31, 2016
|
| | |
|
1,943.18
|
| |
Additions during the year
|
| | | | — | | |
Deletions during the year
|
| | | | — | | |
As at March 31, 2017
|
| | | | 1,943.18 | | |
Depreciations | | | | | | | |
As at April 01, 2015
|
| | |
|
—
|
| |
Charge for the year
|
| | | | 184.24 | | |
Deletions during the year
|
| | | | — | | |
As at March 31, 2016
|
| | |
|
184.24
|
| |
Charge for the year
|
| | | | 184.24 | | |
Deletions during the year
|
| | | | — | | |
As at March 31, 2017
|
| | | | 368.48 | | |
Net Book Value: | | | | | | | |
As at March 31, 2017
|
| | | | 1,574.70 | | |
As at March 31, 2016
|
| | | | 1,758.94 | | |
As at March 31, 2015
|
| | | | 1,943.18 | | |
Particulars
|
| |
As at
March 31, 2017 |
| |
As at
March 31, 2016 |
| |
As at
April 01, 2015 |
| |||||||||
Note 7 Investments | | | | | | | | | | | | | | | | | | | |
(i) Non-Current | | | | | | | | | | | | | | | | | | | |
Investment in mutual funds
|
| | | | 121.02 | | | | | | 120.00 | | | | | | 100.00 | | |
Quoted | | | | | | | | | | | | | | | | | | | |
Indusind Bank Ltd
|
| | | | 0.41 | | | | | | 0.41 | | | | | | 0.41 | | |
900 Equity shares of Rs. 10/- each
|
| | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | 121.43 | | | | | | 120.41 | | | | | | 100.41 | | |
(ii) Current | | | | | | | | | | | | | | | | | | | |
Investment in mutual funds
|
| | | | 807.83 | | | | | | 1,133.74 | | | | | | 1,307.23 | | |
Total
|
| | | | 807.83 | | | | | | 1,133.74 | | | | | | 1,307.23 | | |
Note 8 Loans | | | | | | | | | | | | | | | | | | | |
(i) Non-Current | | | | | | | | | | | | | | | | | | | |
Unsecured considered goods | | | | | | | | | | | | | | | | | | | |
To Employees
|
| | | | 11.45 | | | | | | 9.50 | | | | | | 19.04 | | |
Total
|
| | | | 11.45 | | | | | | 9.50 | | | | | | 19.04 | | |
(ii) Current | | | | | | | | | | | | | | | | | | | |
Unsecured considered goods | | | | | | | | | | | | | | | | | | | |
To Employees
|
| | | | 54.68 | | | | | | 70.63 | | | | | | 17.66 | | |
Total
|
| | | | 54.68 | | | | | | 70.63 | | | | | | 17.66 | | |
Note 9 Others financial assets | | | | | | | | | | | | | | | | | | | |
(i) Non-Current | | | | | | | | | | | | | | | | | | | |
Security deposits
|
| | | | 1,223.88 | | | | | | 1,158.65 | | | | | | 796.79 | | |
Bank deposits more than 12 months
|
| | | | 327.31 | | | | | | 323.79 | | | | | | 235.91 | | |
Total
|
| | | | 1,551.19 | | | | | | 1,482.44 | | | | | | 1,032.70 | | |
(ii) Current | | | | | | | | | | | | | | | | | | | |
Accrured Interest
|
| | | | 76.53 | | | | | | 63.03 | | | | | | 61.99 | | |
Total
|
| | | | 76.53 | | | | | | 63.03 | | | | | | 61.99 | | |
Note 10 Current tax assets (net) | | | | | | | | | | | | | | | | | | | |
Non-current | | | | | | | | | | | | | | | | | | | |
Income Tax (net off provision)
|
| | | | 887.53 | | | | | | 45.65 | | | | | | 193.48 | | |
Total
|
| | | | 887.53 | | | | | | 45.65 | | | | | | 193.48 | | |
Note 11(i) Other Non-current assets | | | | | | | | | | | | | | | | | | | |
Capital advances
|
| | | | 56.57 | | | | | | 15.13 | | | | | | — | | |
Prepaid expenses
|
| | | | 112.86 | | | | | | 138.04 | | | | | | 233.45 | | |
Total
|
| | | | 169.43 | | | | | | 153.17 | | | | | | 233.45 | | |
Note 11(ii) Other Current Assets | | | | | | | | | | | | | | | | | | | |
Prepaid expenses
|
| | | | 137.38 | | | | | | 257.61 | | | | | | 204.26 | | |
Operational advances
|
| | | | 764.55 | | | | | | 113.00 | | | | | | 421.37 | | |
Gratuity
|
| | | | — | | | | | | 9.75 | | | | | | 21.54 | | |
Service tax Input credit
|
| | | | — | | | | | | 185.96 | | | | | | — | | |
Total
|
| | | | 901.93 | | | | | | 566.32 | | | | | | 647.17 | | |
|
Particulars
|
| |
As at
March 31, 2017 |
| |
As at
March 31, 2016 |
| |
As at
April 01, 2015 |
| |||||||||
Note 12 Inventories | | | | | | | | | | | | | | | | | | | |
Films and Chemicals
|
| | | | 164.41 | | | | | | 101.41 | | | | | | 94.35 | | |
Medicines
|
| | | | 468.30 | | | | | | 365.35 | | | | | | 381.54 | | |
Printing and stationery
|
| | | | 44.38 | | | | | | 45.89 | | | | | | 56.83 | | |
Total
|
| | | | 677.09 | | | | | | 512.65 | | | | | | 532.72 | | |
Note 13 Trade receivables | | | | | | | | | | | | | | | | | | | |
Unsecured, considered good
|
| | | | 8,853.96 | | | | | | 6,637.42 | | | | | | 2,722.19 | | |
Less: Allowances for bad and doubtful debts
|
| | | | (298.86) | | | | | | (143.18) | | | | | | (17.46) | | |
Total
|
| | | | 8,555.10 | | | | | | 6,494.24 | | | | | | 2,704.73 | | |
Note 14(i) Cash and cash equivalents | | | | | | | | | | | | | | | | | | | |
Balance with banks
|
| | | | 838.60 | | | | | | 1,549.16 | | | | | | 782.59 | | |
Cash on hand
|
| | | | 60.01 | | | | | | 56.24 | | | | | | 81.59 | | |
Total
|
| | | | 898.61 | | | | | | 1,605.40 | | | | | | 864.18 | | |
(ii) Bank balances other than 14(i) above | | | | | | | | | | | | | | | | | | | |
Margin money deposit
|
| | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | — | | | | | | — | | | | | | — | | |
|
| | |
As at March 31, 2017
|
| |
As at March 31, 2016
|
| |
As at April 1, 2015
|
| |||||||||||||||||||||||||||
| | |
Number of
shares |
| |
Rs.
|
| |
Number of
shares |
| |
Rs.
|
| |
Number of
shares |
| |
Rs.
|
| ||||||||||||||||||
Normal
|
| | | | 975,985 | | | | | | 97.60 | | | | | | 975,985 | | | | | | 97.60 | | | | | | 975,985 | | | | | | 97.60 | | |
A Series
|
| | | | 7,000 | | | | | | 0.70 | | | | | | 7,000 | | | | | | 0.70 | | | | | | 7,000 | | | | | | 0.70 | | |
B Series
|
| | | | 10,000 | | | | | | 1.00 | | | | | | 10,000 | | | | | | 1.00 | | | | | | 10,000 | | | | | | 1.00 | | |
C Series
|
| | | | 7,000 | | | | | | 0.70 | | | | | | 7,000 | | | | | | 0.70 | | | | | | 7,000 | | | | | | 0.70 | | |
Total | | | | | 999,985 | | | | | | 100.00 | | | | | | 999,985 | | | | | | 100.00 | | | | | | 999,985 | | | | | | 100.00 | | |
(b) Issued, Subscribed and paid up | | | | | | | | ||||||||||||||||||||||||||||||
Equity shares of Rs. 10/- each with voting rights | | | | | | | |||||||||||||||||||||||||||||||
Normal | | | | | | | | ||||||||||||||||||||||||||||||
Face value of Rs. 10/- each fully paid up
|
| | | | 647,922 | | | | | | 64.79 | | | | | | 647,922 | | | | | | 64.79 | | | | | | 647,922 | | | | | | 64.79 | | |
| | | | | 647,922 | | | | | | 64.79 | | | | | | 647,922 | | | | | | 64.79 | | | | | | 647,922 | | | | | | 64.79 | | |
Promoter A/B/C Series | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
A Series – Fully Paid up at Rs 10/- each
|
| | | | 3,251 | | | | | | 0.32 | | | | | | 3,251 | | | | | | 0.32 | | | | | | 3,251 | | | | | | 0.32 | | |
B Series – Fully Paid up at Rs 10/- each
|
| | | | 6,252 | | | | | | 0.63 | | | | | | 6,252 | | | | | | 0.63 | | | | | | 6,252 | | | | | | 0.63 | | |
C Series – Fully Paid up at Rs 10/- each
|
| | | | 3,001 | | | | | | 0.30 | | | | | | 3,001 | | | | | | 0.30 | | | | | | 3,001 | | | | | | 0.30 | | |
| | | | | 12,504 | | | | | | 1.25 | | | | | | 12,504 | | | | | | 1.25 | | | | | | 12,504 | | | | | | 1.25 | | |
Total | | | | | 660,426 | | | | | | 66.04 | | | | | | 660,426 | | | | | | 66.04 | | | | | | 660,426 | | | | | | 66.04 | | |
|
| | |
Number of
shares |
| |
Rs.
|
| |
Number of
shares |
| |
Rs.
|
| |
Number of
shares |
| |
Rs.
|
| ||||||||||||||||||
Class A
|
| | | | 88,525,035 | | | | | | 8,852.50 | | | | | | 88,525,035 | | | | | | 8,852.50 | | | | | | 88,525,035 | | | | | | 8,852.50 | | |
Class B
|
| | | | 900,000 | | | | | | 90.00 | | | | | | 900,000 | | | | | | 90.00 | | | | | | 900,000 | | | | | | 90.00 | | |
Class C
|
| | | | 1,074,985 | | | | | | 107.50 | | | | | | 1,074,985 | | | | | | 107.50 | | | | | | 1,074,985 | | | | | | 107.50 | | |
Class D
|
| | | | 25,000,000 | | | | | | 2,500.00 | | | | | | 25,000,000 | | | | | | 2,500.00 | | | | | | 25,000,000 | | | | | | 2,500.00 | | |
Class E
|
| | | | 32,500,000 | | | | | | 3,250.00 | | | | | | 32,500,000 | | | | | | 3,250.00 | | | | | | 32,500,000 | | | | | | 3,250.00 | | |
0.0001% of Rs. 100/- each (Class F) | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||
Class F
|
| | | | 6,200,000 | | | | | | 6,200.00 | | | | | | 6,200,000 | | | | | | 6,200.00 | | | | | | 6,200,000 | | | | | | 6,200.00 | | |
Total | | | | | 154,200,020 | | | | | | 21,000.00 | | | | | | 154,200,020 | | | | | | 21,000.00 | | | | | | 154,200,020 | | | | | | 21,000.00 | | |
|
| | |
Number of
shares |
| |
Rs.
|
| |
Number of
shares |
| |
Rs.
|
| |
Number of
shares |
| |
Rs.
|
| ||||||||||||||||||
Class A
|
| | | | 88,525,031 | | | | | | 8,852.50 | | | | | | 88,525,031 | | | | | | 8,852.50 | | | | | | 88,525,031 | | | | | | 8,852.50 | | |
Class B
|
| | | | 900,000 | | | | | | 90.00 | | | | | | 900,000 | | | | | | 90.00 | | | | | | 900,000 | | | | | | 90.00 | | |
Class C
|
| | | | 1,074,985 | | | | | | 107.50 | | | | | | 1,074,985 | | | | | | 107.50 | | | | | | 1,074,985 | | | | | | 107.50 | | |
Class D
|
| | | | 25,000,000 | | | | | | 2,500.00 | | | | | | 25,000,000 | | | | | | 2,500.00 | | | | | | 25,000,000 | | | | | | 2,500.00 | | |
Class E
|
| | | | 32,500,000 | | | | | | 3,250.00 | | | | | | 32,500,000 | | | | | | 3,250.00 | | | | | | 32,500,000 | | | | | | 3,250.00 | | |
0.0001% of Rs. 100/- each fully paid up (Class F) | | | | | | | | | | | | | | | |||||||||||||||||||||||
Class F @ Rs. 100/- each
|
| | | | 6,066,029 | | | | | | 10,505.55 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total | | | | | 154,066,045 | | | | | | 25,305.55 | | | | | | 148,000,016 | | | | | | 14,800.00 | | | | | | 148,000,016 | | | | | | 14,800.00 | | |
|
Particulars
|
| |
Share
Application Money pending allotment |
| |
Equity
component of Compound Financial Instruments |
| |
Reserves and Surplus
|
| |
Debt
Instrument through Other Comprehenive Income |
| |
Equity
Instrument through Other Comprehenive Income |
| |
Effective
Portion of Cash Flow Hedge |
| |
Revaluation
Surplus |
| |
Exchange
Differences on Translating the Financial Statements of a Foreign Operations |
| |
Other
items of Other Comprehensive Income |
| |
Money
received against Share Warrants |
| |
Total
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||
|
Capital
Reserve |
| |
Security
Premium Reserve |
| |
Other
Reserves |
| |
Retained
Earnings |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance as at March 31, 2016
|
| | | | — | | | | | | — | | | | | | — | | | | | | 4,618.13 | | | | | | 12.68 | | | | | | (960.20) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | |
|
3,670.61
|
| |
Adjustments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Changes in Accounting Policies & prior period
errors |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Consoladation adjustment
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Restated balance at the beginning of the
year |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Total Comprehensive Income for the year
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (439.03) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (45.05) | | | | | | | | | | |
|
(484.08)
|
| |
Reversal of Deferred Tax Asset – Ind AS 12
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Changes in Fair value of Investments
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Deferred Tax liability on fair valuation of Equity Instruments
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Revaluation of Land – Ind AS 16
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Redeemable Non-Convertible Preference Shares
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Deferred Tax liability on revaluation of
Land |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Expected Credit Loss on Trade Receivables
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Remeasurement of Defined Benefit
Obligation |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Write Back of Liabilities
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Provision for Income Tax
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Total Adjustments
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (439.03) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (45.05) | | | | | | — | | | | | | (484.08) | | |
Balance as at Mar 31, 2017
|
| | | | — | | | | | | — | | | | | | — | | | | | | 4,618.13 | | | | | | 12.68 | | | | | | -1,399.23 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (45.05) | | | | | | — | | | | | | 3,186.53 | | |
Particulars
|
| |
Share
Application Money pending allotment |
| |
Equity
Component of Compound Financial Instruments |
| |
Reserves and Surplus
|
| |
Debt
Instrument through Other Comprehenive Income |
| |
Equity
Instrument through Other Comprehenive Income |
| |
Effective
portion of cash Flow Hedge |
| |
Revaluation
Surplus |
| |
Exchange
Differences on Translating the Financial Statements of a Foreign Operations |
| |
Other
items of Other Comprehensive Income |
| |
Money
received against Share Warrants |
| |
Total
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||
|
Capital
Reserve |
| |
Security
Premium Reserve |
| |
Other
Reserves |
| |
Retained
Earnings |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance as at March 31, 2015
|
| | | | — | | | | | | — | | | | | | — | | | | | | 4,852.82 | | | | | | 12.68 | | | | | | (1,319.84) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | |
|
3,545.66
|
| |
Adjustments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Changes in Accounting Policies & prior period
errors |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Consoladation adjustment
|
| | | | | | | | | | | | | | | | | | | | | | (234.69) | | | | | | | | | | | | 253.27 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
18.58
|
| |
Restated balance at the beginning of the
year |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Total Comprehensive Income for the year
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 106.37 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | — | | | | | | | | | | |
|
106.37
|
| |
Reversal of Deferred Tax Asset –
Ind AS 12 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Changes in Fair value of Investments
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Deferred Tax liability on fair valuation of Equity Instruments
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Revaluation of Land – Ind AS 16
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Redeemable Non-Convertible Preference Shares
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Deferred Tax liability on revaluation of
Land |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Expected Credit Loss on Trade
Receivables |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Remeasurement of Defined Benefit Obligation
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Write Back of Liabilities
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Provision for Income Tax
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
—
|
| |
Total Adjustments
|
| | | | — | | | | | | — | | | | | | — | | | | | | (234.69) | | | | | | — | | | | | | 359.64 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 124.95 | | |
Balance as at Mar 31, 2016
|
| | | | — | | | | | | — | | | | | | — | | | | | | 4,618.13 | | | | | | 12.68 | | | | | | -960.20 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,670.61 | | |
Particulars
|
| |
As at
March 31, 2017 |
| |
As at
March 31, 2016 |
| |
As at
April 01, 2015 |
| |||||||||
Note 17 Borrowing | | | | | | | | | | | | | | | | | | | |
(i) Non-current | | | | | | | | | | | | | | | | | | | |
Secured | | | | | | | | | | | | | | | | | | | |
Term loans | | | | | | | | | | | | | | | | | | | |
– From Banks
|
| | | | 7,837.80 | | | | | | 7,784.42 | | | | | | 5,486.92 | | |
– From Non Banking Financials Corporations
|
| | | | 2.81 | | | | | | 652.54 | | | | | | 2,962.78 | | |
Total
|
| | | | 7,840.61 | | | | | | 8,436.96 | | | | | | 8,449.70 | | |
(ii) Current | | | | | | | | | | | | | | | | | | | |
Secured | | | | | | | | | | | | | | | | | | | |
Loans repayable on demand | | | | | | | | | | | | | | | | | | | |
– From Banks
|
| | | | 3,005.98 | | | | | | 2,556.73 | | | | | | 911.06 | | |
Unsecured | | | | | | | | | | | | | | | | | | | |
Bank’s
|
| | | | 246.58 | | | | | | — | | | | | | — | | |
Total
|
| | | | 3,252.56 | | | | | | 2,556.73 | | | | | | 911.06 | | |
|
Particulars
|
| |
As at
March 31, 2017 |
| |
As at
March 31, 2016 |
| |
As at
April 01, 2015 |
| |||||||||
Note 18 Other Non-current Liabilities | | | | | | | | | | | | | | | | | | | |
Payable for business acquisition
|
| | | | 314.51 | | | | | | 523.51 | | | | | | 1,875.71 | | |
Payments for Equipment supply
|
| | | | 32.46 | | | | | | 543.61 | | | | | | 1,367.29 | | |
Total
|
| | | | 346.97 | | | | | | 1,067.12 | | | | | | 3,243.00 | | |
Note 19 Trade payables | | | | | | | | | | | | | | | | | | | |
– Due to Micro and Small Enterprises
|
| | | | — | | | | | | — | | | | | | — | | |
– Others
|
| | | | 1,273.69 | | | | | | 1,015.22 | | | | | | 771.63 | | |
Total
|
| | | | 1,273.69 | | | | | | 1,015.22 | | | | | | 771.63 | | |
|
Particulars
|
| |
As at
March 31, 2017 |
| |
As at
March 31, 2016 |
| |
As at
April 01, 2015 |
| |||||||||
Note 20 Other financial liabilities | | | | | | | | | | | | | | | | | | | |
(i) Non-current | | | | | | | | | | | | | | | | | | | |
CCPS through FVTPL
|
| | | | | | | | | | 8,903.01 | | | | | | 7,541.50 | | |
Total
|
| | | | | | | | | | 8,903.01 | | | | | | 7,541.50 | | |
(ii) Current | | | | | | | | | | | | | | | | | | | |
Current maturities of long term debt | | | | | | | | | | | | | | | | | | | |
Secured | | | | | | | | | | | | | | | | | | | |
Term loans | | | | | | | | | | | | | | | | | | | |
– From banks
|
| | | | 3,080.59 | | | | | | 2,451.17 | | | | | | — | | |
– From NBFCs
|
| | | | 9.74 | | | | | | 317.92 | | | | | | — | | |
Creditors for Capital expenditure
|
| | | | 150.53 | | | | | | 1,671.77 | | | | | | 141.81 | | |
Sundry creditors for others
|
| | | | 3,510.04 | | | | | | 2,377.13 | | | | | | 1,307.65 | | |
Employee benefits Payable
|
| | | | 260.80 | | | | | | 204.53 | | | | | | 127.18 | | |
To Employees
|
| | | | 0.16 | | | | | | 0.20 | | | | | | (1.10) | | |
Due to Related parties
|
| | | | (0.00) | | | | | | — | | | | | | — | | |
Deferred payment liabilities
|
| | | | 243.65 | | | | | | 409.23 | | | | | | — | | |
Redeemable Non-convertible Preference Shares
|
| | | | 0.00 | | | | | | 374.45 | | | | | | 243.48 | | |
Payable for business acquisition
|
| | | | 138.00 | | | | | | 636.50 | | | | | | — | | |
Total
|
| | | | 7,393.51 | | | | | | 8,442.90 | | | | | | 1,819.02 | | |
Note 21 Other current liabilities | | | | | | | | | | | | | | | | | | | |
Statutory dues payable
|
| | | | 275.74 | | | | | | 521.95 | | | | | | 261.55 | | |
Unearned revenue
|
| | | | 141.64 | | | | | | 44.48 | | | | | | — | | |
Total
|
| | | | 417.38 | | | | | | 566.43 | | | | | | 261.55 | | |
Note 21(i) Deferred Tax Asset | | | | | | | | | | | | | | | | | | | |
Deferred Tax Asset on account of | | | | | | | | | | | | | | | | | | | |
Carried forward of losses
|
| | | | 864.58 | | | | | | 991.92 | | | | | | 838.36 | | |
Employee Benefits Expenses
|
| | | | 3.74 | | | | | | 2.05 | | | | | | 0.46 | | |
Site restoration cost
|
| | | | 1.89 | | | | | | 2.24 | | | | | | — | | |
Gratuity thru OCI
|
| | | | 3.43 | | | | | | — | | | | | | — | | |
HMP Card
|
| | | | 1.76 | | | | | | 1.54 | | | | | | — | | |
MMA Income
|
| | | | (1.25) | | | | | | (2.31) | | | | | | — | | |
Provision for Impairment of TR (ECL)
|
| | | | 29.25 | | | | | | 0.57 | | | | | | — | | |
MAT credit entitlement
|
| | | | 74.01 | | | | | | 73.97 | | | | | | 58.60 | | |
Total for DTA
|
| | | | 977.41 | | | | | | 1,069.98 | | | | | | 897.42 | | |
|
Particulars
|
| |
As at
March 31, 2017 |
| |
As at
March 31, 2016 |
| |
As at
April 01, 2015 |
| |||||||||
Deferred Tax Liability | | | | | | | | | | | | | | | | | | | |
Deferred Tax Liability on account of | | | | | | | | | | | | | | | | | | | |
Fixed Assets
|
| | | | (313.66) | | | | | | (377.75) | | | | | | (279.39) | | |
Total for DTL
|
| | | | (313.66) | | | | | | (377.75) | | | | | | (279.39) | | |
Net Deferred Tax Asset
|
| | | | 663.75 | | | | | | 692.23 | | | | | | 618.03 | | |
Note 21(i) Deferred Tax Asset Liability | | | | | | | | | | | | | | | | | | | |
Deferred Tax Asset on account of | | | | | | | | | | | | | | | | | | | |
Carried forward of losses
|
| | | | 1,151.83 | | | | | | 1,521.06 | | | | | | 2,150.41 | | |
Employee Benefits Expenses
|
| | | | 67.98 | | | | | | 57.43 | | | | | | — | | |
Site restoration cost
|
| | | | 11.67 | | | | | | 8.98 | | | | | | — | | |
Gratuity thru OCI
|
| | | | 18.03 | | | | | | — | | | | | | — | | |
HMP Card
|
| | | | 25.69 | | | | | | 12.22 | | | | | | — | | |
MMA Income
|
| | | | 18.44 | | | | | | — | | | | | | — | | |
Provision for Impairment of TR (ECL)
|
| | | | 70.30 | | | | | | 43.67 | | | | | | — | | |
Non convertible Preference shares
|
| | | | 57.84 | | | | | | 38.46 | | | | | | 18.74 | | |
MAT credit entitlement
|
| | | | 1,121.12 | | | | | | 827.98 | | | | | | 370.40 | | |
Total for DTA
|
| | | | 2,542.90 | | | | | | 2,509.80 | | | | | | 2,539.55 | | |
Deferred Tax Liability | | | | | | | | | | | | | | | | | | | |
Deferred Tax Liability on account of | | | | | | | | | | | | | | | | | | | |
Fixed Assets
|
| | | | (3,190.80) | | | | | | (2,820.86) | | | | | | (2,594.40) | | |
HMP Card
|
| | | | — | | | | | | — | | | | | | — | | |
MMA Income
|
| | | | — | | | | | | — | | | | | | — | | |
Employee Benefits Expenses
|
| | | | — | | | | | | — | | | | | | — | | |
Total for DTL
|
| | | | (3,190.80) | | | | | | (2,820.86) | | | | | | (2,594.40) | | |
Net Deferred Tax Liabilities
|
| | | | (647.90) | | | | | | (311.06) | | | | | | (54.85) | | |
Note 22 Provisions | | | | | | | | | | | | | | | | | | | |
(i) Non-current | | | | | | | | | | | | | | | | | | | |
Provision towards site restoration cost
|
| | | | 40.69 | | | | | | 36.34 | | | | | | — | | |
Total
|
| | | | 40.69 | | | | | | 36.34 | | | | | | — | | |
(ii) Current | | | | | | | | | | | | | | | | | | | |
Employee benefit | | | | | | | | | | | | | | | | | | | |
Gratuity provision
|
| | | | 206.07 | | | | | | 105.87 | | | | | | 28.76 | | |
Total
|
| | | | 206.07 | | | | | | 105.87 | | | | | | 28.76 | | |
Note 23 Current tax liabilites (Net) | | | | | | | | | | | | | | | | | | | |
Income Tax (net off provision)
|
| | | | 94.07 | | | | | | 38.47 | | | | | | 38.99 | | |
| | | | | 94.07 | | | | | | 38.47 | | | | | | 38.99 | | |
|
| | |
For the year Ended
March 31, 2017 |
| |
For the year Ended
March 31, 2016 |
| ||||||
Note 24 Revenue from operations | | | | | | | | | | | | | |
Diagnostic testing/Allied services
|
| | | | 41,523.29 | | | | | | 30,085.33 | | |
Franchise fee
|
| | | | 847.51 | | | | | | 2,175.95 | | |
| | | | | 42,370.80 | | | | | | 32,216.80 | | |
Less: Service tax
|
| | | | (110.14) | | | | | | (270.34) | | |
Less: Share of revenue/Discount
|
| | | | (9,026.29) | | | | | | (2,666.99) | | |
Total
|
| | | | 33,234.37 | | | | | | 29,279.47 | | |
Note 25 Other Income | | | | | | | | | | | | | |
Dividend income
|
| | | | 33.43 | | | | | | 45.25 | | |
Interest income
|
| | | | 77.11 | | | | | | 134.36 | | |
Other income
|
| | | | 7.62 | | | | | | 3.72 | | |
Total
|
| | | | 118.16 | | | | | | 186.35 | | |
Note 26 Cost of materials consumed | | | | | | | | | | | | | |
Films and Chemicals
|
| | | | 1,028.14 | | | | | | 731.64 | | |
Medicines
|
| | | | 1,952.12 | | | | | | 1,986.47 | | |
Printing & Stationery
|
| | | | 434.33 | | | | | | 401.38 | | |
Total
|
| | | | 3,414.59 | | | | | | 3,119.49 | | |
Note 27 Operating expenses | | | | | | | | | | | | | |
Reporting and direct expenses
|
| | | | 7,911.06 | | | | | | 7,888.11 | | |
Power and fuel
|
| | | | 1,081.65 | | | | | | 1,088.24 | | |
Rent
|
| | | | 1,410.38 | | | | | | 1,179.12 | | |
Ambulance charges
|
| | | | 185.33 | | | | | | 164.10 | | |
Total
|
| | | | 10,588.42 | | | | | | 10,319.57 | | |
Note 28 Employee benefit expenses | | | | | | | | | | | | | |
Salaries, wages, allowances and bonus
|
| | | | 5,391.37 | | | | | | 3,918.77 | | |
Contributions to provident and other funds
|
| | | | 380.87 | | | | | | 278.36 | | |
Gratuity expenses
|
| | | | 78.17 | | | | | | 108.42 | | |
Staff welfare expenses
|
| | | | 302.84 | | | | | | 285.77 | | |
Total
|
| | | | 6,153.25 | | | | | | 4,591.32 | | |
Note 29 Finance costs | | | | | | | | | | | | | |
Interest
|
| | | | 3,544.66 | | | | | | 2,898.94 | | |
Bank charges
|
| | | | 105.89 | | | | | | 66.36 | | |
Total
|
| | | | 3,650.55 | | | | | | 2,965.30 | | |
Note 30 Depreciation and amortisation expense | | | | | | | | | | | | | |
Depreciation of Property, plant and Equipment
|
| | | | 3,527.36 | | | | | | 3,011.75 | | |
Amortisation of intangible assets
|
| | | | 184.24 | | | | | | 184.24 | | |
Total
|
| | | | 3,711.60 | | | | | | 3,195.99 | | |
|
| | |
For the year Ended
March 31, 2017 |
| |
For the year Ended
March 31, 2016 |
| ||||||
Note 31 Other expenses | | | | | | | | | | | | | |
Travelling and conveyance
|
| | | | 1,024.75 | | | | | | 863.98 | | |
Annual maintenance charges
|
| | | | 1,398.73 | | | | | | 1,375.33 | | |
Repairs & maintenance
|
| | | | | | | | | | — | | |
Repairs and Maintenance – Plant and Machinery
|
| | | | 59.28 | | | | | | 53.37 | | |
Repairs and Maintenance – Building
|
| | | | 34.20 | | | | | | 15.08 | | |
Repairs and Maintenance – Others
|
| | | | 367.22 | | | | | | 323.95 | | |
Communication expenses
|
| | | | 649.47 | | | | | | 423.11 | | |
Legal and professional
|
| | | | 559.99 | | | | | | 196.68 | | |
Insurance charges
|
| | | | 64.80 | | | | | | 62.58 | | |
Advertisement & business promotion
|
| | | | 153.14 | | | | | | 133.13 | | |
Office upkeep & maintenance charges
|
| | | | 708.22 | | | | | | 511.89 | | |
Rates and taxes
|
| | | | 80.08 | | | | | | 97.20 | | |
Bad debts
|
| | | | — | | | | | | — | | |
Allowances for bad and doubtful debts (exp)
|
| | | | 155.68 | | | | | | 1,690.56 | | |
Loss on sale of assets/investments
|
| | | | 1.43 | | | | | | 2.25 | | |
Miscellaneous expenses
|
| | | | 163.46 | | | | | | 107.24 | | |
Total
|
| | | | 5,420.45 | | | | | | 4,441.53 | | |
|
| | |
(Amount in Lakhs)
|
| |||||||||
Particulars
|
| |
2016 – 17
|
| |
2015 – 16
|
| ||||||
a Bank guarantee outstanding
|
| | | | 478.00 | | | | | | 506.55 | | |
b Corporate guarantee to Reliance capital
|
| | | | 500.00 | | | | | | 500.00 | | |
c Other Claims
|
| | | | 207.79 | | | | | | 141.17 | | |
| | |
(Amount in Lakhs)
|
| |||||||||
Particulars
|
| |
2016 – 17
|
| |
2015 – 16
|
| ||||||
Estimated amount of contracts remaining to be executed
|
| | | | 278.50 | | | | | | 379.75 | | |
| | |
(Amount in Lakhs)
|
| |||||||||
Particulars
|
| |
2016 – 17
|
| |
2015 – 16
|
| ||||||
Audit Fees
|
| | | | 36.51 | | | | | | 36.51 | | |
Tax Audit Fees
|
| | | | 10.35 | | | | | | 9.89 | | |
Other services
|
| | | | 7.00 | | | | | | 16.71 | | |
| | |
(Amount in Lakhs of March 31, 2017)
|
| |||||||||||||||||||||
Particulars
|
| |
Note
|
| |
Financial assets/liabilities at
|
| |
Total
Carrying Value |
| |||||||||||||||
|
Amortised
cost |
| |
Fair value
through Profit or Loss |
| |
Fair value
through OCI |
| |||||||||||||||||
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | |
Non Current | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments
|
| | | | | | | | | | 121.43 | | | | | | | | | | | | 121.43 | | |
Loans
|
| | | | 8(i) | | | | | | 11.45 | | | | | | | | | | | | 11.45 | | |
Other assets
|
| | | | 9(i) | | | | | | 1,551.19 | | | | | | | | | | | | 1,551.19 | | |
Current | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments
|
| | | | | | | | | | 807.83 | | | | | | | | | | | | 807.83 | | |
Trade receivables
|
| | | | 13 | | | | | | 8,555.10 | | | | | | | | | | | | 8,555.10 | | |
Cash and cash equivalents
|
| | | | 14(i) | | | | | | 898.61 | | | | | | | | | | | | 898.61 | | |
Loans
|
| | | | 8(ii) | | | | | | 54.68 | | | | | | | | | | | | 54.68 | | |
Others
|
| | | | 9(ii) | | | | | | 76.53 | | | | | | | | | | | | 76.53 | | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | |
Non Current | | | | | | | | | | | | | | | | | | | | | | | | | |
Borrowings
|
| | |
|
17(i)
|
| | | | | 7,840.61 | | | | | | | | | | | | 7,840.61 | | |
Current | | | | | | | | | | | | | | | | | | | | | | | | | |
Borrowings
|
| | | | 17(ii) | | | | | | 3,252.56 | | | | | | | | | | | | 3,252.56 | | |
Trade payable
|
| | | | 19 | | | | | | 1,273.69 | | | | | | | | | | | | 1,273.69 | | |
Other financials liabilities
|
| | | | 20 | | | | | | 7,393.51 | | | | | | | | | | | | 7,393.51 | | |
| | |
(Amount in Lakhs as of March 31, 2016)
|
| ||||||||||||||||||||||||
Particulars
|
| |
Note
|
| |
Financial Assets/Liabilities at
|
| |
Total
Carrying Value |
| ||||||||||||||||||
|
Amortised
cost |
| |
Fair value
through Profit or Loss |
| |
Fair value
through OCI |
| ||||||||||||||||||||
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Non Current | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments
|
| | | | | | | | | | 120.41 | | | | | | | | | | | | | | | 120.41 | | |
Loans
|
| | | | 8(i) | | | | | | 9.50 | | | | | | | | | | | | | | | 9.50 | | |
Other assets
|
| | | | 9(i) | | | | | | 1,482.44 | | | | | | | | | | | | | | | 1,482.44 | | |
Current | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments
|
| | | | | | | | | | 1,133.74 | | | | | | | | | | | | | | | 1,133.74 | | |
Trade receivables
|
| | | | 13 | | | | | | 6,494.24 | | | | | | | | | | | | | | | 6,494.24 | | |
Cash and cash equivalents
|
| | | | 14(i) | | | | | | 1,605.40 | | | | | | | | | | | | | | | 1,605.40 | | |
Loans
|
| | | | 8(ii) | | | | | | 70.63 | | | | | | | | | | | | | | | 70.63 | | |
Others
|
| | | | 9(ii) | | | | | | 63.03 | | | | | | | | | | | | | | | 63.03 | | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Non Current | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Borrowings
|
| | |
|
17(i)
|
| | | | | 8,436.96 | | | | | | | | | | | | | | | 8,436.96 | | |
Other financial liabilities
|
| | | | | | | | | | | | | | | | 8,903.01 | | | | | | | | | 8,903.01 | | |
Current | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Borrowings
|
| | | | 17(ii) | | | | | | 2,556.73 | | | | | | | | | | | | | | | 2,556.73 | | |
Trade payable
|
| | | | 19 | | | | | | 1,015.22 | | | | | | | | | | | | | | | 1,015.22 | | |
Other financials liabilities
|
| | | | 20 | | | | | | 8,442.90 | | | | | | | | | | | | | | | 8,442.90 | | |
| | |
(Amount in Lakhs as of April 1, 2015)
|
| ||||||||||||||||||||||||
Particulars
|
| |
Note
|
| |
Financial Assets/Liabilities at
|
| |
Total
Carrying Value |
| ||||||||||||||||||
|
Amortised
cost |
| |
Fair value
through Profit or Loss |
| |
Fair value
through OCI |
| ||||||||||||||||||||
Assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Non Current | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments
|
| | | | | | | | | | 100.41 | | | | | | | | | | | | | | | 100.41 | | |
Loans
|
| | | | 8(i) | | | | | | 19.04 | | | | | | | | | | | | | | | 19.04 | | |
Other assets
|
| | | | 9(i) | | | | | | 1,032.70 | | | | | | | | | | | | | | | 1,032.70 | | |
Current | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments
|
| | | | | | | | | | 1,307.23 | | | | | | | | | | | | | | | 1,307.23 | | |
Trade receivables
|
| | | | 13 | | | | | | 2,704.73 | | | | | | | | | | | | | | | 2,704.73 | | |
Cash and cash equivalents
|
| | | | 14(i) | | | | | | 864.18 | | | | | | | | | | | | | | | 864.18 | | |
Loans
|
| | | | 8(ii) | | | | | | 17.66 | | | | | | | | | | | | | | | 17.66 | | |
Others
|
| | | | 9(ii) | | | | | | 61.99 | | | | | | | | | | | | | | | 61.99 | | |
Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Non Current | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Borrowings
|
| | |
|
17(i)
|
| | | | | 8,449.70 | | | | | | | | | | | | | | | 8,449.70 | | |
Other financial liabilities
|
| | | | | | | | | | | | | | | | 7,541.50 | | | | | | | | | 7,541.50 | | |
Current | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Borrowings
|
| | | | 17(ii) | | | | | | 911.06 | | | | | | | | | | | | | | | 911.06 | | |
Trade payable
|
| | | | 19 | | | | | | 771.63 | | | | | | | | | | | | | | | 771.63 | | |
Other financials liabilities
|
| | | | 20 | | | | | | 1,819.02 | | | | | | | | | | | | | | | 1,819.02 | | |
| | |
(Amount in Lakhs as of April 1, 2016)
|
| ||||||||||||||||||
Particulars
|
| |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| |
Valuation
Technique and Key Inputs |
| |
Significant
Unobservable Inputs |
| ||||||
Liabilities: | | | | | | | | | | | | | | | | | | | | | | |
Other financial liabilities
|
| | | | | | | | | | 8,903.01 | | | | | | | | | 8,903.01 | | |
| | |
(Amount in Lakhs as of April 1, 2015)
|
| ||||||||||||||||||
Particulars
|
| |
Level 1
|
| |
Level 2
|
| |
Level 3
|
| |
Valuation
Technique and key inputs |
| |
Significant
unobservable inputs |
| ||||||
Liabilities: | | | | | | | | | | | | | | | | | | | | | | |
Other financial liabilities
|
| | | | | | | | | | 7,541.50 | | | | | | | | | 7,541.50 | | |
| | |
Rs In Lakhs
|
| |||||||||
Particulars
|
| |
As at March 31,
2017 |
| |
As at March 31,
2016 |
| ||||||
Variable Rate of instruments | | | | | | | | | | | | | |
– Financial Liabilities
|
| | | | | | | | | | | | |
Short Term
|
| | | | 3,252.56 | | | | | | 2,556.73 | | |
Long Term
|
| | | | 11,174.59 | | | | | | 11,615.28 | | |
| | |
Rs In Lakhs
|
| |||||||||
Particulars
|
| |
31st Mar 2017
Decrease/ Increase |
| |
31st Mar 2016
Decrease/ Increase |
| ||||||
Interest Rate (-/+ 50 basis Point) | | | | | | | | | | | | | |
Impact on profit on loss for the year**
|
| | | | 72.14 | | | | | | 70.86 | | |
| | |
Rs in Lakhs
|
| |||||||||||||||||||||
Particulars
|
| |
As at March 31, 2017
|
| |
As at March 31, 2016
|
| ||||||||||||||||||
|
Gross
|
| |
Impairment
|
| |
Gross
|
| |
Impairment
|
| ||||||||||||||
0 to 1 year
|
| | | | 7917.07 | | | | | | | | | | | | 5,235.95 | | | | | | | | |
1 to 2 year
|
| | | | 636.99 | | | | | | (104.81) | | | | | | 1,307.52 | | | | | | (75.37) | | |
> 2 year
|
| | | | 299.5 | | | | | | (194) | | | | | | 83.03 | | | | |
|
(67.81)
|
| |
| | |
Rs. In Lakhs
|
| |||
Movement in provision for doubtful Debts
|
| |
Amount Rs. In lakhs
|
| |||
As at april 1, 2015
|
| | |
|
17.46
|
| |
Charge for the year
|
| | | | 275.74 | | |
Utilised for the year
|
| | | | (150.02) | | |
As at March 31, 2016
|
| | | | 143.18 | | |
Charge for the year
|
| | | | 155.68 | | |
Utilised for the year
|
| | | | — | | |
As at March 31, 2017
|
| | | | 298.86 | | |
|
| | |
Rs in Lakhs
|
| |||||||||||||||||||||||||||
Particulars
|
| |
Years
|
| |||||||||||||||||||||||||||
|
0 – 1
|
| |
1 – 2
|
| |
> 2
|
| |
Total
Amount |
| |
Carrying
Amount |
| |||||||||||||||||
31st Mar 2017 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Variable interest rate instruments
|
| | | | 7,289.00 | | | | | | 8,309.00 | | | | | | 7,876.00 | | | | | | 23,474.00 | | | | | | 14,427.15 | | |
Trade payable
|
| | | | 1,273.69 | | | | | | — | | | | | | — | | | | | | 1,273.69 | | | | | | 1,273.69 | | |
Other financials liabilities
|
| | | | 4,059.53 | | | | | | — | | | | | | — | | | | | | 4,059.53 | | | | | | 4,059.53 | | |
31st Mar 2016 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Variable interest rate instruments
|
| | | | 4,406.00 | | | | | | 7,273.00 | | | | | | 11,540.00 | | | | | | 23,218.00 | | | | | | 14,172.01 | | |
Trade payable
|
| | | | 1,015.22 | | | | | | — | | | | | | — | | | | | | 1,015.22 | | | | | | 1,015.22 | | |
Other financials liabilities
|
| | | | 14,167.59 | | | | | | — | | | | | | — | | | | | | 14,167.59 | | | | | | 14,167.59 | | |
| | |
Rs in Lakhs
|
| |||||||||
Gearing Ratio
|
| |
31.3.2017
|
| |
31.3.2016
|
| ||||||
Debt
|
| | | | 14,427.15 | | | | | | 14,172.01 | | |
Less: Cash & bank balances
|
| | | | 898.61 | | | | | | 1,605.40 | | |
Net Debt
|
| | | | 13,528.54 | | | | | | 12,566.61 | | |
Total Equity***
|
| | | | 28,612.57 | | | | | | 27,528.93 | | |
Gearing ratio.
|
| | | | 47% | | | | | | 46% | | |
|
|
PVO as at the beginning of the period
|
| | | | 190.69 | | |
|
Interest Cost
|
| | | | 12.22 | | |
|
Current service cost
|
| | | | 56.83 | | |
|
Current service cost – others**
|
| | | | 15.47 | | |
|
Past service cost
|
| | | | — | | |
|
Benefits paid
|
| | | | (63.92) | | |
|
Actuarial (gain)/loss on Plan Obligations
|
| | | | 65.63 | | |
|
Others
|
| | | | — | | |
|
PVO as at the end of the period
|
| | | | 276.93 | | |
| CHANGES IN THE FAIR VALUE OF PLAN ASSETS | | | | | | | |
|
Fair value of plan assets as at the beginning of the period
|
| | | | 99.56 | | |
|
Expected return on plan assets
|
| | | | 6.35 | | |
|
Contributions
|
| | | | 29.74 | | |
|
Benefits paid
|
| | | | (63.92) | | |
|
Actuarial (gain)/loss on Plan assets
|
| | | | (0.87) | | |
|
Fair value of plan assets as at the end of the period
|
| | | | 70.86 | | |
| | | | | | — | | |
| AMOUNTS RECOGNISED IN THE BALANCE SHEET AND RELATED ANALYSES | | | | | — | | |
|
Present value of the obligation
|
| | | | 276.93 | | |
|
Fair value of plan assets
|
| | | | (70.86) | | |
|
Amount determined under para 63 of Ind AS19
|
| | | | 206.07 | | |
|
Net Defined Benefit Liability recognized in the balance sheet
|
| | | | 206.07 | | |
| Present value of future reduction in contribution under para 65 of IAS19 | | | | | | | |
| Net Defined Benefit Asset recognised under para 64 of IAS19 | | | | | | | |
| EXPENSES RECOGNISED IN THE STATEMENT OF PROFIT AND LOSS: | | | | | | | |
|
Current service cost
|
| | | | 56.83 | | |
|
Current Service cost others**
|
| | | | 15.47 | | |
|
Net Interest on Net Defined Benefit Obligations
|
| | | | 5.87 | | |
|
Net actuarial (gain)/loss recognised during the period
|
| | | | — | | |
|
Past service cost
|
| | | | — | | |
|
Expenses recognized in the statement of profit and loss
|
| | | | 78.17 | | |
|
AMOUNT RECOGNIZED FOR THE CURRENT PERIOD IN THE STATEMENT OF OTHER COMPREHENSIVE INCOME [OCI]
|
| | | | — | | |
|
Actuarial (gain)/loss on Plan Obligations
|
| | | | 65.64 | | |
|
Difference between Actual Return and Interest Income on Plan Assets – (gain)/loss
|
| | | | 0.87 | | |
|
Effect of Balance Sheet asset limit
|
| | | | — | | |
|
Amount recognized in OCI for the current period
|
| | | | 66.51 | | |
|
Expected rate of return on Plan Assets
|
| | |
|
6.7%
|
| |
|
Sensitivity Analyses – ***
|
| | |
|
—
|
| |
|
A. Discount Rate + 50 BP
|
| | | | 7% | | |
|
Defined Benefit Obligation [PVO]
|
| | | | 255.81 | | |
|
Current Service Cost
|
| | | | 61.18 | | |
|
B. Discount Rate - 50 BP
|
| | | | 6% | | |
|
Defined Benefit Obligation [PVO]
|
| | | | 267.37 | | |
|
Current Service Cost
|
| | | | 64.93 | | |
|
C. Salary Escalation Rate + 50 BP
|
| | | | 5% | | |
|
Defined Benefit Obligation [PVO]
|
| | | | 267.53 | | |
|
Current Service Cost
|
| | | | 64.94 | | |
|
D. Salary Escalation Rate - 50 BP
|
| | | | 4% | | |
|
Defined Benefit Obligation [PVO]
|
| | | | 255.58 | | |
|
Current Service Cost
|
| | | | 61.13 | | |
| Expected Benefit Payments in Following Years | | | | | | | |
|
Year 1
|
| | | | 42.90 | | |
|
Year 2
|
| | | | 51.15 | | |
|
Year 3
|
| | | | 33.85 | | |
|
Year 4
|
| | | | 33.35 | | |
|
Year 5
|
| | | | 32.00 | | |
|
Next 5 Years
|
| | | | 105.96 | | |
| | |
Rs In Lakhs
|
| |||||||||
Particulars
|
| |
For the year
ended March 31, 2017 |
| |
For the year
ended March 31, 2016 |
| ||||||
Not later than 1 year
|
| | | | 1,260.01 | | | | | | 1,140.03 | | |
Later than 1 year and not later than 5 years
|
| | | | 5,094.85 | | | | | | 5,306.63 | | |
Later than 5 years
|
| | |
|
2,021.05
|
| | | |
|
3,069.28
|
| |
Particulars
|
| |
For the year
ended March 31, 2017 |
| |
For the year
ended March 31, 2016 |
| ||||||
Minimum lease payments
|
| | |
|
1,260.01
|
| | | |
|
1,140.03
|
| |
| | |
Rs In Lakhs
|
| |||||||||
Particulars
|
| |
For the year
ended March 31, 2017 |
| |
For the year
ended March 31, 2016 |
| ||||||
Not later than 1 year
|
| | | | 9.74 | | | | | | 15.10 | | |
Later than 1 year and not later than 5 years
|
| | | | 2.35 | | | | | | 12.09 | | |
Later than 5 years
|
| | | | | | | | | | | | |
Particulars
|
| |
For the year
ended March 31, 2017 |
| |
For the year
ended March 31, 2016 |
| ||||||
Profit (loss) for the year, attributable to the owners of the Group – Rs. In Lakhs
|
| | | | -484.09 | | | | | | 106.37 | | |
Earnings used in calculation of basic earnings per share (A) – Rs. In
Lakhs |
| | |
|
-484.09
|
| | | |
|
106.37
|
| |
Weighted average number of ordinary shares for the purpose of basic earnings per share (B) – in Nos
|
| | | | 660,426 | | | | | | 660,426 | | |
Basic EPS (A/B) – In Rs.
|
| | |
|
(73.30)
|
| | | |
|
16.11
|
| |
Particulars
|
| |
For the year
ended March 31, 2017 |
| |
For the year
ended March 31, 2016 |
| ||||||
Profit (loss) for the year, attributable to the owners of the Group – Rs. In Lakhs
|
| | | | -484.09 | | | | | | 106.37 | | |
Earnings used in calculation of basic earnings per share (A) – Rs. In
Lakhs |
| | |
|
(484.09)
|
| | | |
|
106.37
|
| |
Weighted average number of ordinary shares for the purpose of basic earnings per share (B) – in Nos
|
| | | | 16,119,342 | | | | | | 16,119,342 | | |
Diluted EPS (A/B) – In Rs.
|
| | |
|
(73.30)
|
| | | |
|
0.66
|
| |
| | |
(Amount in Lakhs)
|
| ||||||||||||||||||||||||
Particulars
|
| |
Opening
balance as on 01.04.16 |
| |
Additions/
Transfers during the year |
| |
Utilization
during the Year |
| |
Adjustment
during the year |
| |
Written-
back during the year |
| |
Closing
balance as on 31.03.17 |
| |||||||||
Asset Restoration Obligation
|
| | | | 36.34 | | | | | | 4.35 | | | | | | | | | | | | | | | 40.69 | | |
| | |
Rs In Lakhs
|
| |||||||||||||||||||||||||||||||||
Particulars
|
| |
As at 31st March 2015
|
| |
As at 31st March 2016
|
| ||||||||||||||||||||||||||||||
|
IGAAP
|
| |
IFRS
Adjustment |
| |
IFRS
|
| |
IGAAP
|
| |
IFRS
Adjustment |
| |
IFRS
|
| ||||||||||||||||||||
ASSETS | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
1 Non-current assets
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(a) Property, Plant and Equipment
|
| | | | 24,470.04 | | | | | | 0.01 | | | | | | 24,470.05 | | | | | | 28,056.70 | | | | | | 36.40 | | | | | | 28,093.10 | | |
(b) Capital work-in-progress
|
| | | | 237.31 | | | | | | (0.01) | | | | | | 237.30 | | | | | | 589.21 | | | | | | — | | | | | | 589.21 | | |
(c) Goodwill
|
| | | | 5,087.00 | | | | | | (2,279.51) | | | | | | 2,807.49 | | | | | | 1,628.38 | | | | | | 1,179.11 | | | | | | 2,807.49 | | |
(d) Other Intangible assets
|
| | | | 1,957.22 | | | | | | (14.04) | | | | | | 1,943.18 | | | | | | 1,758.94 | | | | | | 0.00 | | | | | | 1,758.94 | | |
(e) Consolidation goodwill
|
| | | | — | | | | | | 3,945.17 | | | | | | 3,945.17 | | | | | | 3,907.92 | | | | | | (0.04) | | | | | | 3,907.88 | | |
(f) Financial assets
|
| | | | | | | | | | — | | | | | | | | | | | | | | | | | | — | | | | | | | | |
(i) Investments
|
| | | | 0.41 | | | | | | 100.01 | | | | | | 100.41 | | | | | | — | | | | | | 120.41 | | | | | | 120.41 | | |
(ii) Loans
|
| | | | 1,254.00 | | | | | | (1,234.96) | | | | | | 19.04 | | | | | | 23.47 | | | | | | (13.97) | | | | | | 9.50 | | |
(iii) Other assets
|
| | | | | | | | | | 1,032.70 | | | | | | 1,032.70 | | | | | | 1,606.53 | | | | | | (124.09) | | | | | | 1,482.44 | | |
(g) Deferred tax assets (Net)
|
| | | | 17.24 | | | | | | 600.79 | | | | | | 618.03 | | | | | | 504.06 | | | | | | 188.17 | | | | | | 692.23 | | |
(h) Current tax assets (Net)
|
| | | | | | | | | | 193.48 | | | | | | 193.48 | | | | | | 909.12 | | | | | | (863.47) | | | | | | 45.65 | | |
(i) Other non-current assets
|
| | | | | | | | | | 233.45 | | | | | | 233.45 | | | | | | 1,265.80 | | | | | | (1,112.63) | | | | | | 153.17 | | |
| | | | | 33,023.21 | | | | | | 2,577.09 | | | | | | 35,600.30 | | | | | | 40,250.12 | | | | | | (590.10) | | | | | | 39,660.02 | | |
2 Current assets
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(a) Inventories
|
| | | | 532.71 | | | | | | 0.01 | | | | | | 532.72 | | | | | | 512.70 | | | | | | (0.05) | | | | | | 512.65 | | |
(b) Financial assets
|
| | | | | | | | | | — | | | | | | — | | | | | | | | | | | | — | | | | | | — | | |
(i) Investments
|
| | | | | | | | | | | | | | | | 1,307.23 | | | | | | | | | | | | | | | | | | 1,133.74 | | |
(ii) Trade receivables
|
| | | | 2,649.64 | | | | | | 55.09 | | | | | | 2,704.73 | | | | | | 6,620.15 | | | | | | (125.91) | | | | | | 6,494.24 | | |
(iii) Cash and cash equivalents
|
| | | | 1,699.11 | | | | | | (834.93) | | | | | | 864.18 | | | | | | 1,605.42 | | | | | | (0.02) | | | | | | 1,605.40 | | |
(iv) bank balances other than (iii)
above |
| | | | | | | | | | — | | | | | | — | | | | | | | | | | | | — | | | | | | — | | |
(iv) Loans
|
| | | | 1,192.73 | | | | | | (1,175.07) | | | | | | 17.66 | | | | | | 70.40 | | | | | | 0.23 | | | | | | 70.63 | | |
(v) Others
|
| | | | 1,407.23 | | | | | | (1,345.24) | | | | | | 61.99 | | | | | | 63.03 | | | | | | 0.00 | | | | | | 63.03 | | |
(c) Current tax assets
|
| | | | | | | | | | — | | | | | | — | | | | | | | | | | | | — | | | | | | — | | |
(d) Other current assets
|
| | | | 61.99 | | | | | | 585.18 | | | | | | 647.17 | | | | | | 556.59 | | | | | | 9.73 | | | | | | 566.32 | | |
| | | | | 7,543.41 | | | | | | (1,407.73) | | | | | | 6,135.68 | | | | | | 9,428.29 | | | | | | 1,017.72 | | | | | | 10,446.01 | | |
Total Assets (1+2)
|
| | | | 40,566.62 | | | | | | 1,169.36 | | | | | | 41,735.98 | | | | | | 49,678.41 | | | | | | 427.62 | | | | | | 50,106.03 | | |
|
| | |
Rs In Lakhs
|
| |||||||||||||||||||||||||||||||||
Particulars
|
| |
As at 31st March 2015
|
| |
As at 31st March 2016
|
| ||||||||||||||||||||||||||||||
|
IGAAP
|
| |
IFRS
Adjustment |
| |
IFRS
|
| |
IGAAP
|
| |
IFRS
Adjustment |
| |
IFRS
|
| ||||||||||||||||||||
B EQUITY AND LIABILITIES | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
1 Equity
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(a) Equity share capital
|
| | | | 66.04 | | | | | | — | | | | | | 66.04 | | | | | | 66.04 | | | | | | — | | | | | | 66.04 | | |
(b) Instrument entirely Equity in nat
|
| | | | 20,866.03 | | | | | | (6,066.03) | | | | | | 14,800.00 | | | | | | 20,866.03 | | | | | | (6,066.03) | | | | | | 14,800.00 | | |
Redeemable non-convertible preference share capital
|
| | | | | | | | | | — | | | | | | | | | | | | | | | | | | — | | | | | | | | |
(c) Other equity
|
| | | | 5,169.61 | | | | | | (1,623.95) | | | | | | 3,545.66 | | | | | | 6,551.57 | | | | | | (2,880.96) | | | | | | 3,670.61 | | |
Non controlling interest
|
| | | | 204.22 | | | | | | (0.00) | | | | | | 204.22 | | | | | | 156.42 | | | | | | (67.15) | | | | | | 89.27 | | |
Total equity
|
| | | | 26,305.91 | | | | | | (7,689.99) | | | | | | 18,615.92 | | | | | | 27,640.06 | | | | | | (9,014.14) | | | | | | 18,625.92 | | |
Liabilities
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2 Non-current liabilities
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(a) Financial liabilities
|
| | | | | | | | | | — | | | | | | | | | | | | | | | | | | — | | | | | | | | |
(i) Borrowings
|
| | | | 6,073.17 | | | | | | 2,376.53 | | | | | | 8,449.70 | | | | | | 8,436.96 | | | | | | — | | | | | | 8,436.96 | | |
(ii) Other financial liabilities
|
| | | | | | | | | | 7,541.50 | | | | | | 7,541.50 | | | | | | | | | | | | 8,903.01 | | | | | | 8,903.01 | | |
(b) Provisions
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 36.34 | | | | | | 36.34 | | |
(c) Deferred tax liabilities (net)
|
| | | | — | | | | | | 54.85 | | | | | | 54.85 | | | | | | 1,279.38 | | | | | | (968.32) | | | | | | 311.06 | | |
(d) Other non-current liabilities
|
| | | | 1,018.44 | | | | | | 2,224.56 | | | | | | 3,243.00 | | | | | | 676.69 | | | | | | 390.43 | | | | | | 1,067.12 | | |
Total non-current liabilities
|
| | | | 7,091.62 | | | | | | 12,197.43 | | | | | | 19,289.05 | | | | | | 10,393.03 | | | | | | 8,361.46 | | | | | | 18,754.49 | | |
3 Current liabilities
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(a) Financial liabilities
|
| | | | | | | | | | — | | | | | | | | | | | | | | | | | | — | | | | | | | | |
(i) Borrowings
|
| | | | 1,513.56 | | | | | | (602.50) | | | | | | 911.06 | | | | | | 5,325.83 | | | | | | (2,769.10) | | | | | | 2,556.73 | | |
(ii) Trade payable
|
| | | | 818.50 | | | | | | (46.87) | | | | | | 771.63 | | | | | | 1,015.31 | | | | | | (0.09) | | | | | | 1,015.22 | | |
(ii) Other financials liabilities
|
| | | | 4,836.99 | | | | | | (3,017.97) | | | | | | 1,819.02 | | | | | | 4,662.15 | | | | | | 3,780.75 | | | | | | 8,442.90 | | |
(b) Other current liabilities
|
| | | | | | | | | | 261.55 | | | | | | 261.55 | | | | | | 521.87 | | | | | | 44.56 | | | | | | 566.43 | | |
(c) Provisions
|
| | | | | | | | | | 28.76 | | | | | | 28.76 | | | | | | 120.16 | | | | | | (14.29) | | | | | | 105.87 | | |
(d) Current tax liabilities (net)
|
| | | | — | | | | | | 38.99 | | | | | | 38.99 | | | | | | — | | | | | | 38.47 | | | | | | 38.47 | | |
| | | | | 7,169.06 | | | | | | (3,338.05) | | | | | | 3,831.01 | | | | | | 11,645.32 | | | | | | 1,080.30 | | | | | | 12,725.62 | | |
Total liabilities (2+3)
|
| | | | 14,260.67 | | | | | | 8,859.39 | | | | | | 23,120.06 | | | | | | 22,038.34 | | | | | | 9,441.77 | | | | | | 31,480.11 | | |
Total equity and liabilities (1+2+3)
|
| | | | 40,566.58 | | | | | | 1,169.40 | | | | | | 41,735.98 | | | | | | 49,678.41 | | | | | | 427.62 | | | | | | 50,106.03 | | |
|
| | |
Rs In Lakhs
|
| |||||||||||||||||||||
| | |
Notes
|
| |
IGAAP
As on 31.03.16 |
| |
IFRS
Adjustment |
| |
IFRS
as on 31.03.16 |
| ||||||||||||
INCOME
|
| | | | | | | | | | | | | | | | | | | | | | | | |
1 Revenue from operations
|
| | | | c | | | | | | 29,323.93 | | | | | | (44.46) | | | | | | 29,279.47 | | |
(Gross CY Rs. 46149.61; PY Rs. 42467.88)
|
| | | | | | | | | | | | | | | | | | | | | | — | | |
2 Other income
|
| | | | i | | | | | | 73.96 | | | | | | 112.39 | | | | | | 186.35 | | |
3 Total Income (1+2)
|
| | | | | | | | | | 29,397.89 | | | | | | 67.93 | | | | | | 29,465.82 | | |
4 EXPENSES | | | | | | | | | | | | | | | | | | | | | | | | | |
(a) Cost of materials consumed
|
| | | | | | | | | | 3,119.51 | | | | | | (0.02) | | | | | | 3,119.49 | | |
(b) Other Operating Expenses
|
| | | | | | | | | | 10,260.36 | | | | | | 59.21 | | | | | | 10,319.57 | | |
(c) Employee benefits expense
|
| | | | | | | | | | 4,591.62 | | | | | | (24.41) | | | | | | 4,567.21 | | |
(d) Finance costs
|
| | | | i | | | | | | 1,419.95 | | | | | | 1,545.35 | | | | | | 2,965.30 | | |
(e) Depreciation and amortisation expense
|
| | | | g | | | | | | 3,353.32 | | | | | | (157.33) | | | | | | 3,195.99 | | |
(f) Other expenses
|
| | | | d | | | | | | 4,380.13 | | | | | | 61.40 | | | | | | 4,441.53 | | |
Total expenses
|
| | | | | | | | | | 27,124.88 | | | | | | 1,484.21 | | | | | | 28,609.09 | | |
5 Profit/(Loss) before tax (3-4)
|
| | | | | | | | | | 2,273.00 | | | | | | (1,416.27) | | | | | | 856.73 | | |
6 Tax expense: | | | | | | | | | | | | | | | | | | | | | | | | | |
(a) Current tax
|
| | | | | | | | | | 507.68 | | | | | | 0.00 | | | | | | 68.507 | | |
(b) MAT credit entitlement
|
| | | | | | | | | | (472.94) | | | | | | 0.01 | | | | | | (472.93) | | |
(c) Deferred tax liability/(Asset)
|
| | | | | | | | | | 865.84 | | | | | | (159.28) | | | | | | 706.56 | | |
Total tax expenses
|
| | | | | | | | | | 900.58 | | | | | | (159.27) | | | | | | 741.31 | | |
7 Profit/(loss) for the year (5-6)
|
| | | | | | | | | | 1,372.42 | | | | | | (1,257.00) | | | | | | 115.42 | | |
8 Other comprehensive income
|
| | | | | | | | | | | | | | | | — | | | | | | | | |
Item that will not be reclassified to profit or loss
|
| | | | | | | | | | | | | | | | | | | | | | | | |
(i) Remeasurement of the Defined Benefit Plans
|
| | | | | | | | | | | | | | | | — | | | | | | | | |
(ii) Tax on the above
|
| | | | | | | | | | | | | | | | — | | | | | | | | |
(iii) Fair value changes in Equity Instruments
|
| | | | | | | | | | — | | | | | | — | | | | | | | | |
(iv) Tax on the above
|
| | | | | | | | | | | | | | | | — | | | | | | | | |
Total other comprehensive income (a+b)
|
| | | | | | | | | | — | | | | | | — | | | | | | — | | |
9 Total comprehensive income for the year (7+8)
|
| | | | | | | | | | 1,372.42 | | | | | | (1,257.00) | | | | | | 115.42 | | |
|
| | | | | |
Rs In Lakhs
|
| ||||||||||||
| | | | | |
Notes
|
| |
Mar-15
|
| |
Mar-16
|
| ||||||
Equity as per previous GAAP | | | | | | | | 26,305.91 | | | | | | 27,640.06 | | | |||
IFRS adjustment | | | | | | | | | | | | ||||||||
1
|
| |
Revenue deferment (MMA & HMP)
|
| |
vii
|
| | | | | | | | | | (44.48) | | |
2
|
| |
Impact on account of fair valuation of investments (MF)
|
| |
i
|
| | | | | | | | | | 3.01 | | |
3
|
| |
Impairment of Trade Receivables under Expected Credit Loss
|
| |
ii
|
| | | | | | | | | | (125.72) | | |
4
|
| | Impact on account of subsequent measurement of preference shares classified as Financial Liability |
| |
iv
|
| | | | (1,536.10) | | | | | | (2,961.43) | | |
5
|
| |
Reversal of Goodwill amortised under I GAAP
|
| |
v
|
| | | | | | | | | | 157.33 | | |
6
|
| | Reclassification of CCPS and RNCPS instruments into Financial Liability |
| |
iv
|
| | | | (6,248.88) | | | | | | (6,248.88) | | |
7
|
| |
Reclassification of RNCPS into Non controlling interest
|
| |
vii
|
| | | | | | | | | | (67.15) | | |
8
|
| |
Deferred Tax impact
|
| |
iii
|
| | | | 95.01 | | | | | | 254.28 | | |
9
|
| |
Others
|
| |
|
| | | | | | | | | 18.91 | | | |
Equity as per IFRS | | |
|
| | | | 18,615.94 | | | | | | 18,625.93 | | | |||
B Reconciliation of net profit for the year ended March 31, 2016 | | ||||||||||||||||||
Net profit as per previous GAAP | | | | | | | | 1,372.42 | | | | ||||||||
1
|
| |
Revenue deferment (MMA & HMP)
|
| |
vii
|
| | | | (44.48) | | | | |||||
2
|
| |
Impact on account of fair valuation of investments (MF)
|
| |
i
|
| | | | 3.01 | | | | |||||
3
|
| |
Impairment of Trade Receivables under Expected Credit Loss
|
| |
ii
|
| | | | (125.72) | | | | |||||
4
|
| | Impact on account of subsequent measurement of preference shares classified as Financial Liability | | |
iv
|
| | | | (1,425.33) | | | | |||||
5
|
| |
Reversal of Goodwill amortised under I GAAP
|
| |
v
|
| | | | 157.33 | | | | |||||
6
|
| |
Deferred tax impact
|
| |
iii
|
| | | | 159.27 | | | | |||||
7
|
| |
Others
|
| |
|
| | | | 18.90 | | | | |||||
Net profit as per IFRS
|
| |
|
| | | | 115.40 | | | | ||||||||
|
|
For and on behalf of the Board of Directors
|
| | As per our report of even date For ASA & ASSOCIATES LLP FR No. 009571N/N500006 Chartered Accountants |
|
|
/s/ Raju Venkatraman
|
| |
/s/ Arjun Ananth
|
| |
/s/ S. Sundar Rajan
|
|
| Managing Director and CEO | | | Nominee Director | | | Partner | |
| DIN: 00632071 | | | DIN: 01207540 | | | M. No. 211414 | |
|
/s/ Ravishankar KR
|
| |
|
| | ||
| EVP – CFO | | | Company Secretary | | |
| | | | | | ||||||||
| | |
(Unaudited)
|
| | ||||||||
ASSETS | | | | | | | | | | | | | |
Current Assets | | | | | | | | | | | | | |
Cash
|
| | | $ | 385,560 | | | | | $ | 449,942 | | |
Prepaid expenses
|
| | | | 67,504 | | | | | | 93,503 | | |
Total Current Assets
|
| | | | 453,064 | | | | | | 543,445 | | |
Marketable securities held in Trust Account
|
| | | | 146,952,108 | | | | | | 146,350,150 | | |
Total Assets
|
| | | $ | 147,405,172 | | | | | $ | 146,893,595 | | |
LIABILITIES AND SHAREHOLDERS’ EQUITY | | | | | | | | | | | | | |
Current liabilities | | | | | | | | | | | | | |
Accounts payable and accrued expenses
|
| | | $ | 98,642 | | | | | $ | 30,853 | | |
Advances from related parties
|
| | | | 11,095 | | | | | | 11,095 | | |
Total Current Liabilities
|
| | | | 109,737 | | | | | | 41,948 | | |
Deferred underwriting fees
|
| | | | 5,031,250 | | | | | | 5,031,250 | | |
Total Liabilities
|
| | | | 5,140,987 | | | | | | 5,073,198 | | |
Commitments | | | | | | | | | | | | | |
Ordinary shares subject to possible redemption, 13,427,259 and 13,438,929
shares at redemption value as of June 30, 2018 and March 31, 2018, respectively |
| | | | 137,264,184 | | | | | | 136,820,396 | | |
Shareholders’ Equity | | | | | | | | | | | | | |
Preferred shares, no par value; unlimited shares authorized; none issued and outstanding
|
| | | | — | | | | | | — | | |
Ordinary shares, no par value; unlimited shares authorized; 5,102,741
and 5,091,071 shares issued and outstanding (excluding 13,427,259 and 13,438,929 shares subject to possible redemption) as of June 30, 2018 and March 31, 2018, respectively |
| | | | 3,702,599 | | | | | | 4,146,387 | | |
Retained earnings
|
| | | | 1,297,402 | | | | | | 853,614 | | |
Total Shareholders’ Equity
|
| | | | 5,000,001 | | | | | | 5,000,001 | | |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
|
| | | $ | 147,405,172 | | | | | $ | 146,893,595 | | |
|
| | |
Three Months Ended June 30,
|
| |||||||||
| | | | |
2017
|
| |||||||
Operating costs
|
| | | $ | 158,170 | | | | | $ | 22,525 | | |
Loss from operations
|
| | | | (158,170) | | | | | | (22,525) | | |
Other income (loss): | | | | | | | | | | | | | |
Interest income
|
| | | | 649,640 | | | | | | 14,796 | | |
Unrealized loss on marketable securities held in Trust Account
|
| | | | (47,682) | | | | | | (23,987) | | |
Net income (loss)
|
| | | $ | 443,788 | | | | | $ | (31,716) | | |
Weighted average shares outstanding, basic and diluted(1)
|
| | | | 5,091,071 | | | | | | 3,645,704 | | |
Basic and diluted net loss per ordinary share
|
| | | $ | (0.02) | | | | | $ | (0.01) | | |
|
| | |
Three Months Ended June 30,
|
| |||||||||
| | | | |
2017
|
| |||||||
Cash Flows from Operating Activities: | | | | | | | | | | | | | |
Net income (loss)
|
| | | $ | 443,788 | | | | | $ | (31,716) | | |
Adjustments to reconcile net income (loss) to net cash used in operating activities:
|
| | | | | | | | | | | | |
Interest earned on marketable securities held in Trust Account
|
| | | | (649,640) | | | | | | (14,796) | | |
Unrealized loss on securities held in Trust Account
|
| | | | 47,682 | | | | | | 23,987 | | |
Changes in operating assets and liabilities:
|
| | | | | | | | | | | | |
Prepaid expenses
|
| | | | 25,999 | | | | | | (98,600) | | |
Accounts payable and accrued expenses
|
| | | | 67,789 | | | | | | 49,488 | | |
Net cash used in operating activities
|
| | | | (64,382) | | | | | | (71,637) | | |
Cash Flows from Investing Activities: | | | | | | | | | | | | | |
Investment of cash in Trust Account
|
| | | | — | | | | | | (145,187,500) | | |
Net cash used in investing activities
|
| | | | — | | | | | | (145,187,500) | | |
Cash Flows from Financing Activities: | | | | | | | | | | | | | |
Proceeds from sale of Units, net of underwriting discounts paid
|
| | | | — | | | | | | 140,875,000 | | |
Proceeds from sale of Private Units
|
| | | | — | | | | | | 5,612,500 | | |
Advances received from related party
|
| | | | — | | | | | | 140,465 | | |
Repayment of advances from related party
|
| | | | — | | | | | | (304,266) | | |
Payment of offering costs
|
| | | | — | | | | | | (344,725) | | |
Net cash provided by financing activities
|
| | | | — | | | | | | 145,978,974 | | |
Net Change in Cash
|
| | | | (64,382) | | | | | | 719,837 | | |
Cash – Beginning
|
| | | | 449,942 | | | | | | 25,000 | | |
Cash – Ending | | | | $ | 385,560 | | | | | $ | 744,837 | | |
Non-Cash investing and financing activities: | | | | | | | | | | | | | |
Offering costs charge to additional paid in capital
|
| | | $ | — | | | | | $ | 301,278 | | |
Deferred underwriting fee payable
|
| | | $ | — | | | | | $ | 5,031,250 | | |
Initial classification of ordinary shares subject to possible redemption
|
| | | $ | — | | | | | $ | 135,963,594 | | |
Change in value of ordinary shares subject to possible redemption
|
| | | $ | 443,788 | | | | | $ | (31,326) | | |
|
| | |
Three Months Ended June 30,
|
| |||||||||
| | | | |
2017
|
| |||||||
Net income (loss)
|
| | | $ | 443,788 | | | | | $ | (31,716) | | |
Less: Income attributable to ordinary shares subject to redemption
|
| | | | (562,289) | | | | | | 8,606 | | |
Adjusted net loss
|
| | | $ | (118,501) | | | | | $ | (23,110) | | |
Weighted average shares outstanding, basic and diluted
|
| | | | 5,091,071 | | | | | | 3,645,704 | | |
Basic and diluted net loss per ordinary share
|
| | | $ | (0.02) | | | | | $ | (0.01) | | |
|
Description
|
| |
Level
|
| | | | | |||||||||||
Assets: | | | | | |||||||||||||||
Marketable securities held in Trust Account
|
| | | | 1 | | | | | $ | 146,952,108 | | | | | $ | 146,350,150 | | |
| | | | |
March 31,
2 017 |
| |||||||
ASSETS | | | | | | | | | | | | | |
Current Assets | | | | | | | | | | | | | |
Cash
|
| | | $ | 449,942 | | | | | $ | 25,000 | | |
Prepaid expenses
|
| | | | 93,503 | | | | | | — | | |
Total Current Assets
|
| | | | 543,445 | | | | | | 25,000 | | |
Deferred offering costs
|
| | | | — | | | | | | 169,742 | | |
Cash and marketable securities held in Trust Account
|
| | | | 146,350,150 | | | | | | — | | |
Total Assets
|
| | | $ | 146,893,595 | | | | | $ | 194,742 | | |
LIABILITIES AND SHAREHOLDERS’ EQUITY | | | | | | | | | | | | | |
Current Liabilities | | | | | | | | | | | | | |
Accounts payable and accrued expenses
|
| | | $ | 30,853 | | | | | $ | 4,498 | | |
Advances from related parties
|
| | | | 11,095 | | | | | | 168,037 | | |
Total Current Liabilities
|
| | | | 41,948 | | | | | | 172,535 | | |
Deferred underwriting fees
|
| | | | 5,031,250 | | | | | | — | | |
Total Liabilities
|
| | | | 5,073,198 | | | | | | 172,535 | | |
Commitments | | | | | | | | | | | | | |
Ordinary shares subject to possible redemption, 13,438,929 and -0- shares at redemption value as of March 31, 2018 and 2017, respectively
|
| | | | 136,820,396 | | | | | | — | | |
Shareholders’ Equity | | | | | | | | | | | | | |
Preferred shares, no par value; unlimited shares authorized; none issued and outstanding
|
| | | | — | | | | | | — | | |
Ordinary shares, no par value; unlimited shares authorized; 5,091,071 and 4,312,500 shares issued and outstanding (excluding 13,438,929 and
-0- shares subject to possible redemption) as of March 31, 2018 and 2017, respectively |
| | | | 4,146,387 | | | | | | 25,000 | | |
Retained earnings/(Accumulated deficit)
|
| | | | 853,614 | | | | | | (2,793) | | |
Total Shareholders’ Equity
|
| | | | 5,000,001 | | | | | | 22,207 | | |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
|
| | | $ | 146,893,595 | | | | | $ | 194,742 | | |
|
| | |
Years Ended March 31,
|
| | | |||||||||||||
| | |
2018
|
| |
2017
|
| ||||||||||||
Operating costs
|
| | | $ | 306,243 | | | | | $ | 60 | | | | | $ | 2,733 | | |
Loss from operations
|
| | | | (306,243) | | | | | | (60) | | | | | | (2,733) | | |
Other income (loss): | | | | | | | | | | | | | | | | | | | |
Interest income
|
| | | | 1,208,066 | | | | | | — | | | | | | — | | |
Unrealized loss on marketable securities held in Trust Account
|
| | | | (45,416) | | | | | | — | | | | | | — | | |
Net income (loss)
|
| | | $ | 856,407 | | | | | $ | (60) | | | | | $ | (2,733) | | |
Weighted average shares outstanding, basic and diluted(1)
|
| | | | 4,721,185 | | | | | | 3,750,000 | | | | | | 3,750,000 | | |
Basic and diluted net loss per ordinary share(2)
|
| | | $ | (0.05) | | | | | $ | (0.00) | | | | | $ | (0.00) | | |
|
| | |
Ordinary Shares
|
| |
(Accumulated
Deficit)/ Retained Earnings |
| |
Total
Shareholders’ Equity |
| |||||||||||||||
| | |
Shares
|
| |
Amount
|
| ||||||||||||||||||
Balance – July 31, 2015 (inception)
|
| | | | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Issuance of ordinary shares to initial shareholder
|
| | | | 4,312,500 | | | | | | 25,000 | | | | | | — | | | | | | 25,000 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | (2,733) | | | | | | (2,733) | | |
Balance – March 31, 2016
|
| | | | 4,312,500 | | | | | $ | 25,000 | | | | | $ | (2,733) | | | | | $ | 22,267 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | (60) | | | | | | (60) | | |
Balance – March 31, 2017
|
| | | | 4,312,500 | | | | | | 25,000 | | | | | | (2,793) | | | | |
|
22,207
|
| |
Cancellation of ordinary shares issued to initial shareholders
|
| | | | (718,750) | | | | | | — | | | | | | — | | | | | | — | | |
Sale of 14,375,000 Units, net of underwriters discount and offering expenses
|
| | | | 14,375,000 | | | | | | 135,329,283 | | | | | | — | | | | | | 135,329,283 | | |
Sale of 561,250 Private Units
|
| | | | 561,250 | | | | | | 5,612,500 | | | | | | — | | | | | | 5,612,500 | | |
Ordinary shares subject to redemption
|
| | | | (13,438,929) | | | | | | (136,820,396) | | | | | | — | | | | | | (136,820,396) | | |
Net income
|
| | | | — | | | | | | — | | | | | | 856,407 | | | | | | 856,407 | | |
Balance – March 31, 2018
|
| | | | 5,091,071 | | | | | $ | 4,146,387 | | | | | $ | 853,614 | | | | | $ | 5,000,001 | | |
|
| | |
Years Ended March 31,
|
| | | |||||||||||||
| | |
2018
|
| |
2017
|
| ||||||||||||
Cash Flows from Operating Activities: | | | | | | | | | | | | | | | | | | | |
Net income (loss)
|
| | | $ | 856,407 | | | | | $ | (60) | | | | | $ | (2,733) | | |
Adjustments to reconcile net income (loss) to net cash (used in)
provided by operating activities: |
| | | | | | | | | | | | | | | | | | |
Interest earned on marketable securities held in Trust Account
|
| | | | (1,208,066) | | | | | | — | | | | | | — | | |
Unrealized loss on securities held in Trust Account
|
| | | | 45,416 | | | | | | — | | | | | | — | | |
Changes in operating assets and liabilities:
|
| | | | | | | | | | | | | | | | | | |
Prepaid expenses
|
| | | | (93,503) | | | | | | — | | | | | | — | | |
Accounts payable and accrued expenses
|
| | | | 26,355 | | | | | | 2,254 | | | | | | 2,244 | | |
Net cash (used in) provided by operating activities
|
| | | | (373,391) | | | | | | 2,194 | | | | | | (489) | | |
Cash Flows from Investing Activities: | | | | | | | | | | | | | | | | | | | |
Investment of cash in Trust Account
|
| | | | (145,187,500) | | | | | | — | | | | | | — | | |
Net cash used in investing activities
|
| | | | (145,187,500) | | | | | | — | | | | | | — | | |
Cash Flows from Financing Activities: | | | | | | | | | | | | | | | | | | | |
Proceeds from sale of Units, net of underwriting discounts
paid |
| | | | 140,875,000 | | | | | | — | | | | | | — | | |
Proceeds from sale of Private Units
|
| | | | 5,612,500 | | | | | | — | | | | | | — | | |
Proceeds from issuance of ordinary shares to initial
shareholder |
| | | | — | | | | | | — | | | | | | 25,000 | | |
Advances received from related party
|
| | | | 162,255 | | | | | | 56,750 | | | | | | 125,918 | | |
Repayment of advances from related party
|
| | | | (319,197) | | | | | | (14,631) | | | | | | — | | |
Payment of offering costs
|
| | | | (344,725) | | | | | | (35,754) | | | | | | (133,988) | | |
Net cash provided by financing activities
|
| | | | 145,985,833 | | | | | | 6,365 | | | | | | 16,930 | | |
Net Change in Cash
|
| | | | 424,942 | | | | | | 8,559 | | | | | | 16,441 | | |
Cash – Beginning
|
| | | | 25,000 | | | | | | 16,441 | | | | | | — | | |
Cash – Ending | | | | $ | 449,942 | | | | | $ | 25,000 | | | | | $ | 16,441 | | |
Non-Cash investing and financing activities: | | | | | | | | | | | | | | | | | | | |
Offering costs charged to additional paid in capital
|
| | | $ | 301,278 | | | | | $ | — | | | | | $ | — | | |
Deferred underwriting fee payable
|
| | | $ | 5,031,250 | | | | | $ | — | | | | | $ | — | | |
Initial classification of ordinary shares subject to possible redemption
|
| | | $ | 135,963,594 | | | | | $ | — | | | | | $ | — | | |
Change in value of ordinary shares subject to possible redemption
|
| | | $ | 856,802 | | | | | $ | — | | | | | $ | — | | |
|
| | |
Years Ended March 31,
|
| | | |||||||||||||
| | |
2018
|
| |
2017
|
| ||||||||||||
Net income (loss)
|
| | | $ | 856,407 | | | | | $ | (60) | | | | | $ | (2,733) | | |
Less: Income attributable to ordinary shares subject to redemption
|
| | | | (1,086,961) | | | | | | — | | | | | | — | | |
Adjusted net loss
|
| | | $ | (230,554) | | | | | $ | (60) | | | | | $ | (2,733) | | |
Weighted average shares outstanding, basic and diluted
|
| | | | 4,721,185 | | | | | | 3,750,000 | | | | | | 3,750,000 | | |
Basic and diluted net loss per ordinary share
|
| | | $ | (0.05) | | | | | $ | (0.00) | | | | | $ | (0.00) | | |
|
Description
|
| |
Level
|
| | | | | |||||||||||
Assets: | | | | | |||||||||||||||
Marketable securities held in Trust Account
|
| | | | 1 | | | | | $ | 146,350,150 | | | | | $ | — | | |
| | |
First
Quarter |
| |
Second
Quarter |
| |
Third
Quarter |
| |
Fourth
Quarter |
| ||||||||||||
Year ended March 31, 2018 | | | | | | ||||||||||||||||||||
Operating costs
|
| | | $ | 22,525 | | | | | $ | 104,638 | | | | | $ | 97,330 | | | | | $ | 81,750 | | |
Unrealized loss on marketable securities
|
| | | $ | (23,987) | | | | | $ | — | | | | | $ | (11,862) | | | | | $ | (9,567) | | |
Interest income
|
| | | $ | 14,796 | | | | | $ | 351,090 | | | | | $ | 360,898 | | | | | $ | 481,282 | | |
Net income (loss)
|
| | | $ | (31,716) | | | | | $ | 246,452 | | | | | $ | 251,706 | | | | | $ | 389,965 | | |
Basic and diluted loss per share
|
| | | $ | (0.01) | | | | | $ | (0.02) | | | | | $ | (0.01) | | | | | $ | (0.01) | | |
| | |
First
Quarter |
| |
Second
Quarter |
| |
Third
Quarter |
| |
Fourth
Quarter |
| ||||||||||||
Year ended March 31, 2017 | | | | | | ||||||||||||||||||||
Operating expenses
|
| | | $ | 30 | | | | | $ | 30 | | | | | $ | — | | | | | $ | — | | |
Net loss
|
| | | $ | (30) | | | | | $ | (30) | | | | | $ | — | | | | | $ | — | | |
Basic and diluted loss per share
|
| | | $ | (0.00) | | | | | $ | (0.00) | | | | | $ | — | | | | | $ | — | | |
Address |
: |
Peepul Capital Fund II LLC St. Louis Business Centre Cnr Desroches & St. Louis Streets Port Louis, Mauritius |
Email |
: |
peepul@rogerscapital.mu |
Attention |
: |
Mr N Sandeep Reddy |
Address |
: |
Peepul Capital Investment Advisors Private Limited 62, ABM Avenue, Boat Club, R.A Puram Chennai-600 028, India |
Email |
: |
kiran@peepuladvisors.com |
Attention |
: |
R. Kiran Gupta | Vice President — Legal |
Address |
: |
Chintalapati Holdings Private Limited Bldg-3, iLabs Centre, #18, Software Units Layout Madhapur, Hyderabad 500 081 |
Email |
: |
srini@peepuladvisors.com |
Attention |
: |
Mr C Srinivasa Raju |
Address |
: |
Peepul Capital Investment Advisors Private Limited 62, ABM Avenue, Boat Club, R.A Puram Chennai-600 028, India |
Email |
: |
kiran@peepuladvisors.com |
Attention |
: |
R. Kiran Gupta | Vice President — Legal |
Address |
: |
Palmyrah Capital Pte Limited 10 Collyer Quay #10-01 Ocean Financial Centre Singapore 049315 |
Email |
: |
jyothikumar@palmyrahcapital.com |
Attention |
: |
Jyothikumar Varma |
Address |
: |
Avini Private Limited 18 Cross Street #14-01/02 China Square, Central Singapore 048423 |
Email |
: |
sreddy@peepuladvisors.com |
Attention |
: |
N Sandeep Reddy |
Address |
: |
Peepul Capital Investment Advisors Private Limited 62, ABM Avenue, Boat Club, R.A Puram Chennai-600 028, India |
Email |
: |
kiran@peepuladvisors.com |
Attention |
: |
R. Kiran Gupta | Vice President — Legal |
Address |
: |
Constellation Health Holdings Pte. Ltd. 30 Cecil Street, #19-08, Prudential Tower, Singapore (049712) |
Email |
: |
jalsyn@incorp.asia; support@indotcorp.com; and info@incorp.asia |
Attention |
: |
Jaslyn Ee |
Address |
: |
Plot No. 2, 4th Floor, K P R Bhagyam Garden, Thiruvalluvar Salai, Ramapuram, Chennai-600089, |
Email |
: |
ramanan@medall.in |
Attention |
: |
Mr. S. V. Ramanan |
Address |
: |
No. 9, Casuarina Drive, Kapaleeshwarar Nagar, Neelankarai, Chennai-600041 |
Email |
: |
rajuv.raman@gmail.com |
Attention |
: |
Mr Raju Venkatraman |
Address |
: |
Constellation Alpha Capital Corp. Emerald View Suite 400 2054 Vista Parkway West Palm Beach, FL 33411 U.S.A. |
Email |
: |
rss@constellationalpha.com |
Attention |
: |
Rajiv S. Shukla, Chief Executive Officer |
Address |
: |
Constellation Health Holdings Pte. Ltd. 30 Cecil Street, #19-08, Prudential Tower, Singapore (049712) |
Email |
: |
jalsyn@incorp.asia; support@indotcorp.com; andsupport@indotcorp.com |
Attention |
: |
Jaslyn Ee |
EQUITY SHARES
|
| ||||||
Sl. No
|
| |
Name of Share holder
|
| |
No of Shares
|
|
| | | Equity Shares | | | | |
1 | | | Mr. Raju Venkatraman | | | 85192 | |
2 | | | Mrs. Raji Raju | | | 54710 | |
3 | | | M/s. Peepul Capital Fund II LLC | | | 461837 | |
4 | | | M/s. Chintalapati Holdings Private Limited | | | 41565 | |
5 | | | M/s. Palmyrah Capital PTE Limited | | | 4618 | |
| | | Total Equity Shares | | | 647922 | |
| | | Promoter Series ‘A’ | | | | |
6 | | | Mr. Mriganka Gupta | | | 313 | |
7 | | | Mr. S. Sankaran | | | 156 | |
8 | | | Mr. Harish Sivaraman | | | 251 | |
9 | | | Dr. Bharathi Dhalla | | | 250 | |
10 | | | Mr. Ravi Shankar K R | | | 157 | |
11. | | | Mr. Ajay Kumar Sakamuri | | | 233 | |
11 | | | Mr. S. V. Ramanan | | | 1420 | |
12 | | | Dr. BobjiKettay | | | 157 | |
13 | | | Captain N. Ragahvan | | | 157 | |
14 | | | Mr. Ajith R | | | 157 | |
| | | Total Promoter Series ‘A’ | | | 3251 | |
EQUITY SHARES
|
| ||||||
Sl. No
|
| |
Name of Share holder
|
| |
No of Shares
|
|
| | | Promoter Series ‘B’ | | | | |
13 | | | Mrs. Raji Raju | | | 6252 | |
| | | Total Promoter Series ‘B’ | | | 6252 | |
| | | Promoter Series ‘C’ | | | | |
14 | | | Mr. Raju Venkatraman | | | 312 | |
15 | | | Mr. Mriganka Gupta | | | 156 | |
16 | | | Dr. Bharathi Dhalla | | | 62 | |
17 | | | Mr. S. Sankaran | | | 63 | |
18 | | | Captain Raghavan | | | 156 | |
19 | | | Mr. Harish Sivaraman | | | 62 | |
20 | | | Mr. S. V. Ramanan | | | 62 | |
21 | | | Mrs. Raji Raju | | | 2128 | |
| | | Total Promoter Series ‘C’ | | | 3001 | |
| | | Equity Grand Total | | | 660426 | |
Compulsory Convertible Preference Shares (CCPS)
|
| ||||||
Sl. No
|
| |
Name of Share holder
|
| |
No of Shares
|
|
| | | Class – A | | | | |
1 | | | Mr. Raju Venkatraman | | | 4900015 | |
2 | | | M/s. Chintalapati Holdings Private Limited | | | 7602275 | |
3 | | | M/s. Peepul Capital Fund II LLC | | | 76022741 | |
| | | Total Class – A | | | 88525031 | |
| | | Class – B | | | | |
4 | | | Mr. Raju Venkatraman | | | 900000 | |
| | | Total Class – B | | | 900000 | |
| | | Class – C | | | | |
5 | | | Mr. Raju Venkatraman | | | 1074985 | |
| | | Total Class – C | | | 1074985 | |
| | | Class – D | | | | |
6 | | | M/s. Peepul Capital Fund II LLC | | | 22727273 | |
7 | | | M/s. Palmyrah Capital PTE Limited | | | 2272727 | |
| | | Total Class – D | | | 25000000 | |
| | | Class – E | | | | |
8 | | | M/s. Peepul Capital Fund II LLC | | | 29545454 | |
9 | | | M/s. Palmyrah Capital PTE Limited | | | 2954546 | |
| | | Total Class – E | | | 32500000 | |
| | | Class – F | | | | |
10 | | | M/s. Avini Private Limited | | | 6066029 | |
| | | Total Class – F | | | 6066029 | |
| | | Preference Grand Total | | | 154066045 | |
NAME
|
| |
Appointment Date
|
| |
Designation
|
|
Nadigadda Sandeep Reddy | | | 31 May 2016 | | | Nominee director | |
Raju Venkatraman | | | 6 August 2009 | | |
Managing Director
|
|
Arjun Ananth | | | 31 May 2016 | | | Nominee director | |
SL.NO
|
| |
NAME OF THE SHAREHOLDER
|
| | NO. OF SHARES |
|
1 | | | M/s. Medall Healthcare Private Limited | | | 9,99,994 | |
2 | | | Mr. Ravishankar K R | | | 4 | |
3 | | | Mr. S.V. Ramanan | | | 1 | |
5 | | | Mr. Harish | | | 1 | |
| | | Total | | | 10,00,000 | |
SL.NO
|
| |
NAME OF THE SHAREHOLDER
|
| | NO. OF SHARES |
|
1 | | | Medall Scans and Labs Private Limited | | | 6,71,515 | |
| | | Total | | | 6,71,515 | |
NAME
|
| |
Appointment Date
|
| |
Designation
|
|
Ajay kumarsakamuri | | | 21/02/2018 | | |
Additional Director
|
|
Krishna Madireddy Mohan | | | 22/08/2017 | | | Director | |
Kollengode Ravi Shankar Ramachandran | | | 07/09/2017 | | | Director | |
Sl. No
|
| |
Name of the Security holder
|
| | Type of Security |
| | No of Shares |
|
1 | | | M/s. Medall Healthcare Private Limited | | | Equity | | | 9,999 | |
2 | | | Mr. Ravishankar KR (Beneficial Holder – M/s. Medall Healthcare Private Limited) | | | Equity | | | 1 | |
| | | Total | | | | | | 10,000 | |
Name
|
| |
Appointment Date
|
| |
Designation
|
|
Ajay Kumar Sakamuri | | | 21/02/2018 | | |
Additional Director
|
|
Krishna Madireddy Mohan | | | 03/05/2016 | | | Director | |
Kollengode Ravi Shankar Ramachandran | | | 07/09/2017 | | | Director | |
Sl. No
|
| |
Name of the Security holder
|
| | Type of Security |
| | No of Shares |
|
1 | | | M/s. Medall Scans and Labs Private Limited | | | Equity | | | 47,499 | |
2 | | | Mr. Suthamally Ramanan (Beneficial Holder – M/s. Medall Healthcare Private Limited) | | | Equity | | | 1 | |
| | | Total | | | | | | 47,500 | |
Name
|
| |
Appointment Date
|
| |
Designation
|
|
Ajay Kumar Sakamuri | | | 21/02/2018 | | |
Additional Director
|
|
Mriganka Gupta | | | 21/02/2018 | | |
Additional Director
|
|
Kollengode Ravi Shankar Ramachandran | | | 07/09/2017 | | | Director | |
Suthamally Ramanan | | | 14/06/2011 | | | Director | |
Sl. No
|
| |
Name of the Security holder
|
| | Type of Security |
| | No of Shares |
|
1 | | | M/s. Medall Scans and Labs Private Limited | | | Equity | | | 159,999 | |
2 | | | Mr. Suthamally Ramanan (Beneficial Holder – M/s. Medall Healthcare Private Limited) |
| | Equity | | | 1 | |
| | | Total | | | | | | 160,000 | |
Name
|
| |
Appointment Date
|
| |
Designation
|
|
Ajay Kumar Sakamuri | | | 21/02/2018 | | |
Additional Director
|
|
Mriganka Gupta | | | 21/02/2018 | | |
Additional Director
|
|
Kollengode Ravi Shankar Ramachandran | | | 07/09/2017 | | | Director | |
Suthamally Ramanan | | | 14/06/2011 | | | Director | |
Sl. No
|
| |
Name of the Security holder
|
| | No of Shares |
|
1 | | | M/s. Medall Scans and Labs Private Limited | | | 159,999 | |
2 | | | Mr. Suthamally Ramanan (Beneficial Holder – M/s. Medall Healthcare Private Limited) | | | 1 | |
| | | | | | 160,000 | |
Name
|
| |
Appointment Date
|
| |
Designation
|
|
Ajay Kumar Sakamuri | | | 21/02/2018 | | |
Additional Director
|
|
Mriganka Gupta | | | 21/02/2018 | | |
Additional Director
|
|
Kollengode Ravi Shankar Ramachandran | | | 07/09/2017 | | | Director | |
Suthamally Ramanan | | | 14/06/2011 | | | Director | |
SI NO.
|
| |
NAME OF THE SECURITY HOLDER
|
| | TYPE OF SECURITY |
| | NO OF SHARES |
|
1. | | | M/s. Medall Scans and Labs Private Limited | | | Equity | | | 13,148 | |
2. | | | Mr. Suthamally Ramanan (Beneficial Holder – M/s. Medall Scans and Labs Private Limited | | | Equity | | | 10 | |
| | | Total | | | | | | 13,158 | |
| | | M/s. Medall Scans and Labs Private Limited | | | Preference | | | 1,46,842 | |
| | | Total | | | | | | 1,46,842 | |
NAME
|
| |
Appointment Date
|
| |
Designation
|
|
Ajay Kumar Sakamuri | | | 21/02/2018 | | |
ADDITIONAL DIRECTOR
|
|
Suthamally Ramanan | | | 02/02/2011 | | | Director | |
Kollengode Ravi Shankar Ramachandran | | | 07/09/2017 | | | Director | |
Mriganka Gupta | | | 21/02/2018 | | |
ADDITIONAL DIRECTOR
|
|
SI NO.
|
| |
NAME OF THE SECURITY HOLDER
|
| | TYPE OF SECURITY |
| | NO OF SHARES |
|
1. | | | M/s. Medall Scans and Labs Private Limited | | | Equity | | | 9,999 | |
2. | | | Mr. Suthamally Ramanan (Beneficial Holder – M/s. Medall Scans and Labs Private Limited | | | Equity | | | 1 | |
| | | Total | | | | | | 10,000 | |
NAME
|
| |
Appointment Date
|
| |
Designation
|
|
Ajay Kumar Sakamuri | | | 21/02/2018 | | |
Additional Director
|
|
Suthamally Ramanan | | | 14/06/2011 | | | Director | |
Kollengode Ravi Shankar Ramachandran | | | 07/09/2017 | | | Director | |
Mriganka Gupta | | | 21/02/2018 | | |
Additional Director
|
|
SI NO.
|
| |
NAME OF THE SECURITY HOLDER
|
| | TYPE OF SECURITY |
| | NO OF SHARES |
|
1. | | | M/s. Medall Scans and Labs Private Limited | | | Equity | | | 1,59,999 | |
2. | | | Mr. Ravishankar KR (Beneficial Holder – M/s. Medall Scans and Labs Private Limited | | | Equity | | | 1 | |
| | | Total | | | | | | 1,60,000 | |
NAME
|
| |
Appointment Date
|
| |
Designation
|
|
Ajay Kumar Sakamuri | | | 21/02/2018 | | |
Additional Director
|
|
Suthamally Ramanan | | | 05/07/2013 | | | Director | |
Kollengode Ravi Shankar Ramachandran | | | 07/09/2017 | | | Director | |
Mriganka Gupta | | | 21/02/2018 | | |
Additional Director
|
|
SI NO.
|
| |
NAME OF THE SECURITY HOLDER
|
| | TYPE OF SECURITY |
| | NO OF SHARES |
|
1. | | | M/s. Medall Scans and Labs Private Limited | | | Equity | | | 3,24,999 | |
2. | | | Mr. Suthamally Ramanan (Beneficial Holder – M/s. Medall Scans and Labs Private Limited | | | Equity | | | 1 | |
3. | | | Wellnezz Enterprises | | | Equity | | | 1,00,000 | |
| | | Total | | | | | | 4,25,000 | |
NAME
|
| |
Appointment Date
|
| |
Designation
|
|
Ajay Kumar Sakamuri | | | 21/02/2018 | | |
Additional Director
|
|
Suthamally Ramanan | | | 21/04/2011 | | | Director | |
Kollengode Ravi Shankar Ramachandran | | | 07/09/2017 | | | Director | |
Mriganka Gupta | | | 21/02/2018 | | |
Additional Director
|
|
Madan Mohan Babu | | | 24/06/2016 | | | Director | |
ThulasiramKesavan | | | 24/06/2016 | | | Director | |
SI NO.
|
| |
NAME OF THE SECURITY HOLDER
|
| | TYPE OF SECURITY |
| | NO OF SHARES |
|
1. | | | M/s. Medall Scans and Labs Private Limited | | | Equity | | | 9,999 | |
2. | | | Mr. K R Ravi Shankar (Beneficial Holder – M/s. Medall Scans and Labs Private Limited | | | Equity | | | 1 | |
| | | Total | | | | | | 10,000 | |
NAME
|
| |
Appointment Date
|
| |
Designation
|
|
Ajay Kumar Sakamuri | | | 21/02/2018 | | |
Additional Director
|
|
Suthamally Ramanan | | | 05/07/2013 | | | Director | |
Kollengode Ravi Shankar Ramachandran | | | 07/09/2017 | | | Director | |
Mriganka Gupta | | | 21/02/2018 | | |
Additional Director
|
|
SL. NO
|
| |
NAME OF THE SHAREHOLDER
|
| | NO. OF SHARES |
|
1 | | | Medall Scans and Labs Private Limited | | | 18,99,999 | |
2 | | | Mr. Ravi Shankar K R (Beneficial Holder – Medall Scans and Labs Private Limited) | | | 1 | |
3 | | | Dr. Rohan Subhash Kashyape | | | 3,00,000 | |
4 | | | Dr. Parimal Vishwas Sonawane | | | 3,00,000 | |
| | | Total | | | 25,00,000 | |
Name
|
| |
Appointment Date
|
| |
Designation
|
|
Suthamally Ramanan | | | 09/05/2013 | | | Director | |
Parimal Vishwas Sonawane | | | 09/05/2013 | | | Director | |
Rohan Subhash Kashyape | | | 09/05/2013 | | | Director | |
Mriganka Gupta | | | 15/03/2018 | | |
Additional Director
|
|
Ajay Kumar Sakamuri | | | 15/03/2018 | | |
Additional Director
|
|
Kollengode Ravi Shankar Ramachandran | | | 07/09/2017 | | | Director | |
SI NO.
|
| |
NAME OF THE SECURITY HOLDER
|
| | TYPE OF SECURITY |
| | NO OF SHARES |
|
1. | | | M/s. Medall Scans and Labs Private Limited | | | Equity | | | 9,999 | |
2. | | | Mr. K R Ravi Shankar (Beneficial Holder – M/s. Medall Scans and Labs Private Limited | | | Equity | | | 1 | |
| | | Total | | | | | | 10,000 | |
NAME
|
| |
Appointment Date
|
| |
Designation
|
|
Ajay Kumar Sakamuri | | | 21/02/2018 | | |
Additional Director
|
|
Suthamally Ramanan | | | 05/06/2015 | | | Director | |
Kollengode Ravi Shankar Ramachandran | | | 07/09/2017 | | | Director | |
Mriganka Gupta | | | 21/02/2018 | | |
Additional Director
|
|
SI NO.
|
| |
NAME OF THE SECURITY HOLDER
|
| | TYPE OF SECURITY |
| | NO OF SHARES |
|
1. | | | M/s. Medall Scans and Labs Private Limited | | | Equity | | | 1,59,990 | |
2. | | | Mr. Suthamally Ramanan (Beneficial Holder – M/s. Medall Scans and Labs Private Limited | | | Equity | | | 10 | |
| | | Total | | | | | | 1,60,000 | |
NAME
|
| |
Appointment Date
|
| |
Designation
|
|
Ajay Kumar Sakamuri | | | 21/02/2018 | | |
Additional Director
|
|
Suthamally Ramanan | | | 02/02/2011 | | | Director | |
Kollengode Ravi Shankar Ramachandran | | | 07/09/2017 | | | Director | |
Mriganka Gupta | | | 21/02/2018 | | |
Additional Director
|
|
| 1. | | | Proposal 1: The Business Combination Proposal — To consider and vote upon a proposal to approve and adopt the Share Purchase Agreement, dated as of August 2, 2018, by and among Constellation Alpha Capital Corp., Constellation Health Holdings Pte. Ltd., Medall Healthcare Private Limited and the holders of the outstanding shares of capital stock of Medall Healthcare Private Limited. | | |
FOR
☐ |
| |
AGAINST
☐ |
| |
ABSTAIN
☐ |
|
| 2. | | | Proposal 2: The Director Election Proposal — To consider and vote upon a proposal to elect two directors to serve on the Company’s board of directors. | | | | | | | | | | |
| | | | ☐ FOR ALL NOMINEES | | | NOMINEES: | |
| | | | ☐ AGAINST ALL NOMINEES | | | O Dr. John Alexander | |
| | | | ☐ FOR ALL EXCEPT (see instructions below) | | | O Mr. Kewal Handa | |
| 3. | | | Proposal 3: The Adjournment Proposal — To consider and vote upon a proposal to adjourn the special meeting of shareholders to a later date or dates, if necessary, to permit further solicitation and vote of proxies if, based on the tabulated vote at the time of the special meeting, there are not sufficient votes to approve the Business Combination Proposal or Director Election Proposal. | | |
FOR
☐ |
| |
AGAINST
☐ |
| |
ABSTAIN
☐ |
|
|
Signature of Shareholder
|
| |
Date
|
|
|
Signature of Shareholder
|
| |
Date
|
|
This ‘PREM14A’ Filing | Date | Other Filings | ||
---|---|---|---|---|
6/19/22 | ||||
7/15/19 | ||||
7/7/19 | ||||
6/30/19 | ||||
4/8/19 | ||||
4/1/19 | ||||
3/31/19 | ||||
3/23/19 | ||||
11/7/18 | ||||
Filed as of: | 8/23/18 | |||
Filed on / For Period End: | 8/22/18 | |||
8/3/18 | 8-K, DEFA14A | |||
8/2/18 | 8-K | |||
8/1/18 | ||||
7/31/18 | ||||
7/30/18 | ||||
7/25/18 | ||||
7/5/18 | ||||
6/30/18 | 10-Q | |||
6/29/18 | 10-K | |||
6/27/18 | ||||
6/25/18 | ||||
4/27/18 | ||||
4/24/18 | ||||
4/19/18 | ||||
4/18/18 | ||||
3/31/18 | 10-K | |||
3/23/18 | ||||
3/22/18 | ||||
3/7/18 | ||||
3/5/18 | ||||
2/14/18 | SC 13G | |||
2/1/18 | SC 13G | |||
11/29/17 | ||||
9/30/17 | 10-Q | |||
9/22/17 | ||||
9/7/17 | ||||
8/16/17 | ||||
8/10/17 | ||||
8/7/17 | ||||
8/4/17 | ||||
7/13/17 | ||||
7/1/17 | ||||
6/30/17 | 10-Q | |||
6/23/17 | 4, 8-K | |||
6/20/17 | ||||
6/19/17 | 3, 8-K | |||
5/17/17 | ||||
4/1/17 | ||||
3/31/17 | ||||
3/29/17 | ||||
7/19/16 | ||||
5/10/16 | ||||
4/1/16 | ||||
3/31/16 | ||||
9/17/15 | ||||
8/31/15 | ||||
7/31/15 | ||||
5/8/15 | ||||
4/1/15 | ||||
3/31/15 | ||||
3/31/10 | ||||
List all Filings |