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ACME RESOURCES LIMITED
28TH
ANNUAL REPORT2012-2019
ACME RESOURCES LIMITED
28rh
Annual Report2012 - 20a3
BOARD OF DIRECIORSShri Stlarad Saluia, Chairman & Managjng DirectorStlri KEldeep Saluiaglri \rlmal Kishore Agral\.a]Shri AFy Kumar Agarwal9ri Naresh Kumar Sehra
COTTIPAI{Y SECRETARYstui A[lita\? Das
STATUTORY AUDITORSa,R Chadha & Co.CIE B€d -\..ountants
AA\KERSHI)f{ Bant Ltd.S.* Bink of Ind ia
hlr+t, \ahonal Bank
NEC.,STERED OFFrCEl. Flci,166, Cotton ShcetP(rr Bara BazarXolatia (1\'.8.) - 700007PIEE (0ll) 22583274F-. gl-il 2583275Earr* a meresources€0gmai1.corn$€iiilE \.r1_i{.acmeiesources.net
CORPOR TE OTrICE- Crun.l FlmrDrfni .\ppartment, Pitampura\a nlhi - M034Pir.tE: lr'l1 t ) 27026766
Far q1-r1 17008010Enail: a([email protected]\etsite: 1\r! i{. acmeresources. nct
RIGI5-TRIR ,4ND SH,4RI TRANSFER /CENT\Iah6hNari Datanalics Private Limited6. \langr\: Lane, 2nd floorKollata ;00001
Pase 1 of 107
AC\f,E RISOLNCLS I-IMTITI) ANNUAL REPORT 2012.20I3
NOTICE
I{OTIG b IE€sy given that Twenty-Eighih Amual GeDeral Meedng oI $e Members of ACMEIE(XTRCXS LIMITED will be held at 166, 1st Floor, Coiion Sbeel Posi Bada Bazar, Kolkata - 700007m WG&Eday, &€ 25th day of September 2013 at 1.00 P.M to h'msact dre following business.
()*DINARY BUSINESS
To rcceive, coNider and adopt the Audited Balance She€i d at 31st March 2013 ancl Profit &Loss Account for the year ended o! that date together with the Repofis of ihe Dire.tors and
To appoint a dnector in place of Mr. Ajay Kumar Agdawal and Mr. Vlmal Kishore Agarwalwho retires blr rotation and being eligible offers himself for re-appoinbrent.
To appoint M/s T.R. Chadha & Co., Charte.red Accomtants, the retning auditors of thecompany, as Auditort who shalt hold the office from the .onclusion of il1is Amual CeneralMeeting, until the.onclusion of the next Annual General Meeting of the company and to fixtheir remuneration.
1.
2-
3.
Date: 29.08.2013
REGISTERED OFFICE1.'Floor, 166, Cotton SEet
Kolkata (W.8.) 700007
Phone: (033) 22583274
Fax: 91 33 22583275
Email: [email protected]: www a.m PrPsour..s n.t
By order of the BoardFoT ACME RESOURCES LIMITED
AMITAVA DASCompany Secretary
Page2 oI7O7
.{C}IE RISOf RCES LI\IITED
\OTES:
I \ member e'titled to arlE'd and vote at the Annual General Meeting may aPporni a Proxyto att6d .rd [e irEEd of himsef/herself and proxy need not be Menlbcr of the
ComPant
1 r-."\ fo(E dr! mPGd ard execnted ir1 order to be effe.tive, musi reach the Registered
l.-tlt|e €{ te Crry mt l€ss than 48 hours l'eaore the time of commencement of the
_\iE I(- rr,-iB
I C.rfq-r l* c rcqrested to send to the Registcred Of6ce of the ComPany a duly
s;6.d qf -trEd Resolution, Pursuant to Section 187 of the Companies Act' 1956'
l-- -i qc.*ti"e to attend and vote at the Annual General Meetnlg
a r!a- / !4r Eks are requested to brrng their attendance slip duly signed so as to
.-EtE.
t rh Efad-vSkt Pursuant to sechon 173(2) of the Companies Act,1956 nl respe't
d orrlrry tr-II6 Item No. 3 above, is annexed harcto and forms part of this notice'
r Th P.€itu d tLft ard Share Transfcr Books of ihe Company will remarn closed fronroesaar . r,-* SGI* Zn3 to W€dnesday, 25th SePtember 2013 (both davs inclusive)
9
Tfle r rdir d Di€(rs I'areholding maintained undcr section 307 of the Companies Act,
1956 $ oold be rr..rLb.e for inspection by the n€mbers at the Annual General Meeiing
\IemtE s € r€qted to noti6/ immediatcly any chtrnge in their addrcsses to the Regjsirar
and SlEre Tfle -\g€trt, luaheshilari Datamatics Private Limited of 6, Mangoe Lane, 2nd
floor and KoIt& -;Imr
\Iembers 5€eliq.m- information s'ith regard to th€ A€courlts are requested to wite nr the
Company at {l eitt- date so as to enable ih(] management to keep the information ready
10. ,Additional inlorrEtrcn to be Provided under Clause 49 of the Listing Agreement Pertainingto the Dre.tors teiry aPt'oltled/ra aPpointad, Memlers are rcquested to kindlv rer''r I1-rI
B of Para Sordle R€Port on Corporate Covernance forming Part ol the Amual RcPort
11. The Ministr-\'of Co4Erate Afans (N'ICA) has introduced 'Green Inihative' whercby the
documents aF p€fmrtted to be sened on the Mernbers through ele.tronic mode i e, e mail'
This initiatil e ts a steP toilards proiechon of environ ent and enabling faster
communicauon hitlt tlt€ \{embers
Accordingly, the comPanr- has proposcil to sene ali the documents to e-Drail addresses of
Members. Memtrcrs are requested io Provide/uPdate their e marl addresses with their
respective Depositon ParticiPants (DPs) or sc d an e-mail at mdpldc@v'hoo 'om
to get the
Annual Report and other documents ot1 such e-mail address. Membcrs holdnlg shares inphysical folm are also requested to intimate their e mail address kr MaheshNari Datanrahcs
(P) Limited as menhoned above
ANNI]AL REPORT 2012-2013
Page 3 of 107
.rCIG IESI'tTCIS LI}trTED ANNUAL REPORT 2012-2013
EIILjL\{TIO*Y STATEMENT PURSUANT TO SECITON 173(2) OF THE COMPANIES-iar. tfaPrric&s d the Directors to be appointed/re-appointcd at thelletilg fEsrart to revised Clause 49 of the Listing Agreemcnt:
\_ame of the D ector Mr. Ajay Kumar Agarar.al
Date of Birdr 20 /01/1970Date of Appointnent 12-03-20't2
Qualification Chartered Accountant
Expertise in specific functional area Experience ancl knowleLlge irlAccounting.
Directorship of other Companies (-)
Chairman /Membership in the
CommitteesShareholding in Equilv Shares o{ tleCompany atld % o{ holding
Name of the Dire.tor Mi. Vimal Kishore Agrawal
Date of Birdl 02/02/'t962
Date o{ Appointment 26-07-2010
Qualifi.aiion Chartered A..oDnhnr
Expertise in specific functional area Cood experience andknoh,ledge in Finance, Markethg andvarious fu nction levels.
Directorship of other Companies (.) Sterling Agro lnduskies Limited
Chanman /Membership in the
Shareholding in lquity Shares oI {reCompary and % of holding
ensuinS Annual Gcneral
REGISTERED OFFICE1{ I1oor,166, Cotton Street,Post Bara Bazar,Kolkatta (W.8.) - 700007Phone: (033) 22s83274Fax: 91 33 2583275Email: [email protected]: !\,ww.acmeresonrces.net
By order of the BoardFoi ACME RESOURCES LIMITED
AMTTAVA DASCompany S€cetary
Page 4 of 107
{C\tf RESOLRCES LI}IITED
Ih ..*d6E
ffi/(IrEd L.trrtla
ANNUAL REPORT 2012-20T3
DIrcCTORS'REFORT
Dc- St-€hdd.rs'
'f (- tu IEre desre in presenting the Twent-',' Ei8ht Annual ltepoft of rhe
c.qr rqrta rfu dE Audited accounts for ihe ycar en'led 31{ March 201 3'
L E5IINAI EIGIIIIGHTS
under review are qiven [r€]or':
10,68,19,
iPr6iit afiId-n -Current Tax- Defened tax
lffi/(l-6lltuTaI-es : kEtr ra pil fcr earliert'r* bStffY Reserve Fund
B.l-rE !.t-dr ffftr?rd fromB.l* arBl b &.lanc€ Sheet
A IXIT'IIETI)
I.- srsr€ llE resour.€6 of the Company for tuture exPansion, the Board has decided not
b i,cid -r'di\idend for the year urlder revie\ "'
A ?BATIIIANCE REVIEW
ff. Frt oa ir.(EtPany during the current year shows significant increase in comParison
r *.rs S*, Your Directors are rnaking all efforts to furiher imProve the Performzn'edt<rry-r in tu ue.
l. CT(FiSOITDATEDFINANCIALSTATEMENTS
Ie tk s ha{e Pleasure in attaching the Consolidated Financial Siatements plrrsuant to
O- le ct EE Listing Agreement entcred into with the Stock Exchanges ar1d preparcd in
dre rrrfr *e "eciountrng Standards Prescribed by the lnstitute of Chartered
A.r- d hdia in this regard. ]'he Auditors' RePort to the Sharehotders fiereuPon does
d(ar-i -! qualification.
- Toa, LEEE decreased by 2 24 % from Rs' 3877 10 lacs in Financial Year 2011 12 to
ns. !:Xr-{ lacs in Financial Year 2012-13.
. Proal E€nore Ta\ (PBT) grew by 18.28 % from Rs 1494'39lacs in Financial Year 201.1-
lil b R3- 1767.60 lacs in Financial Year 2012 13.
. Ht -{Its Tar (P-\T) grcw by 20.68 % from tts. 990'2 lacs in Fiflancial Year 2011 12
to Rs,llgr-y/ tacs in Financial Year 2012-13'
Page 5 of 107
ACME RISOURCES LIMITED ANNUAL REPORT 20I2-2013
6-
5. FDGDDEPOSNS
During Ele year under review, your Company has not accePte.{ any deposits '!vi tllin the
meaning of section 58A and 58AA of the ComPanies Act 1956 and the Rules made there
under and and shall not accept any deposiis from the public widlout obtaining Priorapproval of the Reserve Bank of India.
DIRECTORS
Sh. Aiay Kumar Agalawal & ShIi Vimal Kishore Agarawal retire by rotation and being
eligible, offer therselves fff rc-apPojnlmpnr The Board rc.ommends their re
appointmmt for consideration of the shareholders.
Du ng the year, The Company has received intimation for resignation of two Directors
Mr. Laxmi Kumar Kesarwani and Mr. VivekKesarwani due to their Prior commitments.
DTRFCTOR S RESPONSIBILITY STATEMENT7.
b.
Pursuant to the requirement under Section 217 (2AA) of the companies Act, 1956, withrespect to Directors Responsibfity statement, it is hereby conJinned:
a) That in the preparation of the accomts for $e financial year ended 31{ March 2013 the
applicable accounting shndards have be€n folloyed along with ProPer explanations
relahng to mate al dePartures;
b) That the Directors have selected such accouting policies and aPPlied them corrsistently
and made judgments and esfmates that wele reasonable and Prudent so as to give a tueand fair view of the state of aJfairs of ote ComPanv at src end of ihe financial year and of
the profit of the ComPany of the year under review;
c) That the Directors have taken proper and sufficient care for the maintenance oI adequate..ccounting records in a_"oldance witll the provision c'the Companies A.r 1Sq6 forsafeguarding the assets oI the company and for preventing and detecting fraud and
other irregularities.
d) That the Directors have prepared the affual accounts for the financiat year ended 31"t
Mar.h 201 t on a Soing !on.errr bdsis
e) That the proper systems ar€ in place to ensure comPliance of all lar\'s aPPlicable to the
Company.
8. AUDITORS'RTPORT
The Auditols' Ileport is uiqualified. The notes to the Accoutlts rcfened to in the Auditors'Report are self explanatory and there{ore do not call for any turther ciarifications under
+.hon 217(') of rh. Companies Ac( 1056.
Page 6 of 107
.\C\IE RESOURCES LIT{ITED ANNUAL REPORT 2OI2-2013
9. AUDITORS
\1/s T.R. Chadha & Co., ChartEred Accountants., Auditors of ihe companv, retire at the
.onclLrsion of the forthcoming Annuat General N'leelirg lt is proposec{ to re-aPPoint M/sT.lt. Chadha & ComPanv, Chartered Accountants to hold the officc as auditors till the
conclusion of the neat Annual C,eneral Meeting on such remuneration as may be
determined by the Board of directors oI the .ompany. the ComPany has re'cived a
certificate trom the statuton' audito.s to the effect that their appointment; if nrade. would be
$ ithin the limit pres{Tibed under section 224 of the ComPanies Act, 1956 The Board of your
compaN recommends thetr IeaPPointirPn t
10. EMPLOYEES
The Eoard of DirRlors hish to e\press its appreciation to all the enployces for thelr
outstandxrg contnlrutrcn b the oPerations of the ComPany during the ycar' The inJorrnation
require.t u;d€r Se\-ti.rl ll:lfAlof the ComPar es Act,1955, arld the llltles made thereunder,
is prr.\ ided as trel!.h.
Details of EEulla tln Pril&.!_abte to Directois forthe year ended March 31,2013:
\.me of the Dir€dn Sal\tana
-::pr.-,.'.i ::::. {:* C*-:r:i C.'! ernment.
1T CO\SB\'TT!O\ OF E\ERGY, TECHNOLOGY ABSORP'I'ION
:- r :. ^ : a r. ..r::.:... :( a.-h\ ities b€irg can ied on bv the Company, ltulcs 2A a]](l 2B of fiea:-:.j.i+ ki::site .t Particulars in th€ RePolt of Board of Uirectors) Rules, 1988,
::.i=--:-:._-_.:!8.?a-ti-\.nerg\'andtecluologyabsorPtionrespcctively,arenotappll.able
:: t{fl.Erc\ E\CILr\CE
\{r Sharal Sal,rr Dircctor Rs 5,000,000
-..l! - -4r.nr_. Lr: :ai r:.Erin e\change i low or outtlor' .luring the vear un.ler revrew
Li CLX,'' ,Arf GO\'TR\ANCE
rs.!= -jEEr {gitr.li:: r.ith Stock Exchaniles, thc Company has implemented ih..ode* i-r:rr* Grt-a-,r: lhe Corporate Govenance compliance certificah'olrtained from:r. i@:rr {:Did:t: jr *i Company is attached to fiis rcport
:1E \h-affi :kii.rtn and ,,\nalysrs Repor t ani thc Report on C,,lt.rate Governance
are a.r<l r: t= e':r-rure attachcd to this rePort The Board mcmbers and senior
na.na::?rEir lr.:.r---c: i-:\ e confirmed cornpliarct' lvith the Code of Condu.t oi the
Crmpar.t
Rs.6,000,000
Page 7 of 107
{C\tf RTSOL RCES LI\IITED
1I E\IPLO\EREMPLOYEERELATIONSITIP
-1- i--mpam has maintained a cordial retarionshilr rvith its employecs, r,hich resuired in.:x.fih f]oir ofbusiness operations during the year under revicw.
15. RESERVE BANK OF INDIA REGULATIONS
T}le Companv has complied with all the applicable rcgutations of the Reservc Bank of tndiaas on \'larch 31,2013.
16. ACKNOWLEDGEMENTS
The Board of Directors w(xrld like ro rhank Resen e Bar* of hdia and other Regutator),/covernnent authorities an.l Stock Exchanges for their support an.l stakehotders for theircontinued co operation al1d support.
AN^.UAL REPORT 2OI 2.20I 1
NEGTSTERED OTFICE
166, Colton Street,1! Floor, Post Bada BazarKolkata - 700007Phone: (033) 2243-7480Fa1: 91 33 22,13 7481Email: acmL,[email protected] te: l\.1{.l{..acmeresorrces.net
On behalf of the Board of Dire.tors
FoT ACME RESOURCES LIMITEDKuldeep SalujaDirector
Sharad Saluja\lanaging Director
Page 8 of 107
si.Nd',li'l ,t
-.Na;&! o( atec{iiive ' , /son Executitt&l'
Sliiofil&ii. .* "f*: -'. lt,', 1g6.r!mi&e ..
:hai{&:m Vleriliar
1 Mr. Sharad SalujaM^n,qihqDirector
Chairman &Manasing Dlre(tor
2
2_ Mr. Kuldeep Saluja Non Exe.utive/Independent
2
3_ Mr. Vimal KishoreAgrawal
Non Executive/Independent
Mr. Ajay Kumar Non Executive/ 1
Mr. Naresh Ku ar
Sehra
Non Executivc/lndependent
0
ACME RI,SOURCES LIMTTED
REPORT ON CORPORATE GOVERNANCE.
The Directors Present the company's rePort o11 CorPorate Covernanc€:
ANNUAL REPORT 2012-2013
of the Board of Directors as on 31.,1-1.2013 was as follows'
1- CORPORATE GOVERNANCEtuir,ethi"ul uII,l t uroparent govemance practices instjtuted by the Company shaPe the
Company's CorPorate Governance Philosophy'
E{Iective Corporate Governance i5 how ai organisation is managed' which.includes
i" .rf*r", "*'.".a* policies and ihe rnanner in which it deats il-ith its siakeholder
".J"", 1r", -*" "-i Pliance. It also relates to processes and systems that direct the
,""or.."" of tf,u otgu"izatlon anal strategres ot the m"magement tor m'L\imrzirg the
*,ealth of the stak;holders. Your comPanY fnmJy beti"ves that sulh praLlices are
;;;;;;i- "d tn" .or" ,,ut,"" of i'u''"p-","v, accountabilitv' indepcndence'
responsibility and faimess-
Your company males best encleavollrs to imPlement these core valuesin all {acets of
,r. oo"-tont. lhe compari .onfinup' lo rollo\^ prn'eJur"' anLt Pra'li'e' in
.ontormitv with the Co,le ot Corp"rate Governance given in the Listing Agreement'
BOARD OF DIRECTORSlal ComDosition of the Boardil"i;p;y has a broa(l based Board of Directors, constituted in cornpliance with
*re relevint euidelines rssueel by Reserve Bank of India' Companies Act' Lisijng
n*r""."t, "ia in accordancc with best practices in CorPorate Governance_ Thc
So1.,1 fr".tio"" "ith* as a Iull Board or through various Committees consiituted to
"".-r""".p*ifi. areas. Policy formulation, s€tting uP of goals and evaluation oI
performa;ce and control functions vestwith the Board'
The Composition of the Board of Dire(tors of the Compan) (onsists ol qualified
executive and non-executive directors The Board is broad based and comP ses of
persons who have excelled in their respective areas having good standing'
2-
The
4
5.
Notes:-l'1 e*auai"g Directorship held in Private Limited / Foreign Companies and'
companiJs incorporate under section 25 oI the Companies Act, 19M'
Page 9 of 107
AC\IE RISOT]RCES I,IMITF,T) th'NUAL REPORT 2012-20 I 3
(b) Details of sittingfees, remuneration et€. Paid to Dire{rors
Mr. Sharad Saluja, Managing Director was paid salar\' of Rs 60,00,000 (Rupecs Sixh tacsrupees only) durhg the Financial Year. No sithng fee rras paid to any directnL Llur ingthe vear.
(() Board Meetings held in the Financial Year 2012-2013 and artendance ofDirectors.
I'he Board nreets at least once in a quarter to ronsider amongst other business, thequarterlv pcrformance of the company and finalcial results During the year underrcvnrw, 13 (Thirtecnth) Board Nleetings were held on t.:.{pril 2012, 17,h April 2012,25th April2012,28th May 2012,29s lvlay 2012, 28,\ Iune lrrlt. ;i Iuli 2U12,28,L.luly 2012,131h August 2012,7h November 2012,20$ No\cmh€r.011. 10,r Dccember 2012,8n,Fcbruary 2013
,,\ttendancc of each.lirector at thc lloard oi Dire.k r nle.hngs anrt the last AnnualCcneral Nleetingi
Mr. Sharad Sa|.rlaManaging Director
Mr. Kuldeep Saluja
NIr. Laami Narair KesanLani
l\,lr Vivek Kesarwani
Mr Vrm.il Kishure Agra\\ al
Mr Ajay Kumar A8ara\ al
Mr. Naresh Kumar Sehra
*Details provided fronr the efteciive date of appoinrment
Pase 10 of 107
f
\C\IE RESOURCES LIMITEI) ANNUAL RNPORT 20T2.2OI3
1.
a)
COMMITTEES OE DIRECIORS
In accordance with requirement of the Lisiing Agreemert !\ ilh Stock Exrharges or
Corporate Govemance, follor\ing 3 committees wer€ oPerational during the year:
(a) Audit Committee(b) Share Transrer ard ln\'€stors Grievanc€r Committec
(c) Remunerahon CorimitrEe
ludit Commftree
T}le Present -\udit CmEdttee o{ the Boartl of Directors fulfils the requirements of
Jo"" :gl\ * t* C.o.pt io ,A.ci, 1956 as \{tll as the Listing Agreement The Audit
Committee oi the Ccm+'anl .oflsists o{ 3 directors Durlng the Financial Ycar 20] ? -
Itrl l ti€ \u,lit C.ot-itt " mei l ti es on 28th NIay 2012, 13rh Auilust 2012' 7th
\Lrremter f1ll-d at FebruarY 2013
Ilre .'emf,t'etxrr d Oe '\udit Committee and the attendance of each director at this
lr}.-.-bl.ls atF as fiI(ss
S-i{c
\k \-IlnalGiiirEErt
Kishore Agran'al-
\L Sh a.i Saluia 1
a\tr L \ KesaNari
-::i:: C.E.,lrIttE rs resPonsible for reviewing l\'ith the mztnagement $e annrl'l
:=;-=^r-i $Etts teiore submission L. ihe tsoard"lhe main f"ilction of ihe Audit
:-r:irileP !s t! $I€n ise thc ComPary's financiai reporting process and the
-L\i_stE 'r E iiti.an ial intormation to r'nsure tllat the financial statemenls are
L! s.ft Ir* -d Inlestors'Gdevance Commiftee. * C---F.". it- *i "P
its Sharcholdcrs'/ lnvcstors' Crievancc Committee in 2001'
:h [email protected] rrith the various matters relrtinB to:
\t! \&esh Numar Sel1la
Ir-6rer Eansrnission of shares / debentures,
Ise .r duF.ti.ate share ccrtificate,B--! .t shares dematerialised of investors' Srievances,lT iCs.ritters related to shares/debentures.
:L::ru SE Fn_rrL-ral Yeat 2012 - 2013
C.'$$rir- met + hmes on 28rL MaY
arhl !a Felrl,arr a111. During ihe ]'ear
the Share Transfer an.l Investors' Crievance
2012, 13r August 2012, 7'November 2012,
unJcr re\rLs Jll rh. \hJrc lrdr\|..\ w.rF ,
Page 11of 107
ACME RTSOURCES I,IMITEI) ANNUAL RNPORT 2012-20I3
t 31"' Marcl1, 2013 is as under:The ition of the Comm ree
c)
As required by the Listing agreement with the Srock Exchanges, Sri Amitava Das,Company Secretary, has been desiSnated as'Compliance Officer, to monitor theshares transfer process.
The status oI investors' queries/complaints/grievarrces received duing the year is as
Remuneration Committee:The Company is paying rcmuneration to onla. one \tanaging Director, whoseappointmcnt and remuneration has been fuert bt the Board and in tcrms ofresolution passed by the members and turther approted bl the Central Government.
There was ol1e meeting o{ the Remuneration Commitiee on 26D April 2012 in theyear under review was done and remuneration of \fanaging Director was passed.
4. SUBSIDIARY COMPANY
The Company has two subsidiarv companies, It/s Atul ,Agro privaie Limited anclM/s OIAS Suppliers Limited. As per the pro\.rsiorrs of Clause 49 (III) of rhe ListingAgreement, M/s Atul Agro Private Limited q'as not a material nonlistccl subsidiarvcompany Ior the financial year 2012-13 and h€nce the provisions oI this clause dr;not apply. M/s OIAS Suppliers Limited was a materiat lisred subsidiary companyfor the final]cial year 2012-13 and the provisiorE of this ctause were duly complied.
is as undcr:s. Ni
rY:, tttttttttxtr.jMr. Naresh Kumar Setua - Chairman
2 Mr. Kuideep Saluja
3 Mr. Sharad Saluja
ition of the Remunention Comnittee is as foloh,s:
Mr. Vimal lGhore Agrawal- ChairaranMr. Naresh Kumar I'hra
Page 12 of 107
\C\If RISOT RCfS LI}IITED
D&
ANNI JAI, RF,PORT 20I2-2OI]]
i, I\\U..\L GE\ER.{L \IEEIING; i\-rnon an,i tim€. !.here last three AGMS rverc hcl.l:
Place
l: rE lll: (11:0(l P Nf166, 1n Floor, Coiion Street, Post Ba.taBazar, Kolkatir 700007
166, 1n Flo.rr, Cotton Street, Post BadaBaz ar, Kolkata - 7i10007
165, 1+ Floor, Cotton Street, Iost BadaBazar. Kolkata - 700007
f.. ,!fil I
]. fo frlD
01:00 P.N{
01:00P.M
l. : i:...? :"s.-artirn \ as put through posial ballot lasi ycar.
DI!{IGLT.L'.1 Di!..I'Ets on materially sigflificant related party transactions:... ^ != -ri srat rlall\' significant relatcd patty lransactions during the year
:r.:. : Tr:r:: brth the interest of the Compan,v Such transactions in dle ordinary:: --- :. ---s:rr. alle also placed belor€ the A (tit Cornmittec, from time to Lirne.
\[EL\S Of CO\L\IL\ICATION--r :. a-j ,: :'::--:rrs of the Company approve and take on record ihe un-audited
= - :.i proaorma prescribc.t bv the stock exchang€, l{.itlin 45 da),s oi:t 'E r:1=.. .iuarter and a llrurt.es lorihlvith the results to all the stock.{-tai.:r i -i.: :- ihar.s of dre Comparty are listed. Shareholders are irltimated:i:u:.: :-r: :.,ijir oi quarterly fin,mcial results antl performance bcsides
-n5::ri.L' ::;:::- \ithin tine perio.l stipulaied from time io time bv sto.k:::r,:.!- :.E i}rterh' Lr1 Auditcd Financial Results and Audited Financi.rl-.=s:= == r--i::El in a leading national newspaper and a vernacular lanSuage
:.l: r--.a -.\-r: .ontainr,,g inter-alia Audited ,4mua1 Ac.or.nis, Consolidateda:.::!-- ----:.€1::. Directors' Report, ,{uditors' Report and other important:.:---::.-. = --i-_il;ilJ io the N4embers and ()thers entltled th.rcto
S. CL\ER..T.L sH,.\RE]OLDER'S INTJORMATIONa- .{[nu:I G€ner4MjqllE
]]: q,l)t.'mb.f. 2013 at I 00 P NI
ico, 1r F1oor, Cotton Street, Post Bada Bazar,(,rlkata 700007
b. Finarrial Calendar (Tentative)Financ1.l r.s..--r-: arr the quarter enlling lune 30, 2013
Finan.ial r"F-rirJis ir.r ihe quartcr ending September10,
Financial reportrns f.r the quarter ending Decembcr31,
2^r U/eek of August20142 ' Week ofNove ber 2i11.1
2' \Vtek
Paee 12 al 1O1
2014
AC}IE RNSOURCES I,II,IITBI) ,{.NNLAI, REPORT 2012-20I1
Dividend Pavmt]nt Date No dividen(t has been r€conlmended bv the IioardThc CalGlta Stork Er.hange Associafion Ltd. ,Lyons Range, Kolkata - 700 0(ll
Fxlancial reportin8 for the q arter ending March 31, 201,1 1 n(l of Mav 201,1
Arl]ual General Meeting for thc year en.ling Mar.h 31, 2011 Thircl h,eek oler!!er:411 l
c. Date of Book .losure uesdav, 17!rr September 2013 io $'ednes.lav, 251.mber 2012 (boih da\s lnclusive)
d.
f. Listing {ees paid
Delhi Stock Exchange Associ.ilion I-td.DSF IIouse", 3/1, -Asaf Ali Road,New Delhi -110002
Amual Listing Fees as pres.ribcd l-uve been paldto thc abo\e Siol:k E\changes Lrpto 31st March,2013
Stock Code:Code
The Calcutia Stock Ex.Jrange Association Ltd. 10(l29gi
l.istingErchanijes at
Thc t)plhiSlocl E\chante as<o.rahon I irl 1!t 5lTSTN No l\
h. Stock Market Data*Nlarket l']ri.e Data: IIigh/Lon, during each month in last inlan(i.11 vear.
There l'ras been no trading in the shares of the C.n1f,an! .lunng Lhe last fin.mcial vear2012-13
Calcu:ta Stock Exchan8e (CSqtI" Rs.)
D€lhi Stock Ex.hanee {DSE), (I" Rs.)
.d
Paee 13 of 107
Iunc -12
Ian'13Feb -13
I
\( \It REiOT RCEs LI\!ITET)
i.::.. r* f shareholding as on 3l'1March,2013:
ANNt.iAL RIPORt 2012-2013
, i:r.:j. l:rnsfer System:
- i. :':r :1102 daie.l 27rr, Decentrer, 2002, Nlaheswari Datarnatics (P)
. -.: - '. --:ri L.ue, Kolkaia - 700 001 h.rs been .lppointed as Rcgistrar for: :-.- i r ....:.al as r|el1as in Flectroni. Nfode TIle Share lransfcr Com ittee
' ' _ r:- --'s as and whcn required
! ::.:--:. !€nices - Complaints rl''ceived during the y€ar 2012-2013:-:-::l:rr1t lyas recei\'ed during th. ycar 'l hcte rrere no oLrist.lllding
i: \larch,201l.
::i---:rirn of shareholdnlg as on 31n Marct! 2013:
C-&gc'rfHolding
95 2756 2a,33, r15
1.242 .13,5:1,8r I t6.9n973.2,183!!!721
100
1,88,57,0.1.1I z,st,is,ooo 100
P.se 14 of 107
\lnhesi!ari l)atamatics (P) I-imited6, N4angoc Larll', Kolkata -700 001
\1 G E{rit_s \o. Ofi&:t<tlcld Shareholders
% age oIsharchotders
No- Of Yuage of eqqity€apital
8'l.15
E7
15
:..J: LrJ\
1,11,E59 0,1.162
6.1567
6.614?7.0079
3.5.r33
73,870 0.2869
1,52,100 0 590E2,.12,900 0 9,135
17r,600 0.6666
s 905s | 1,et:,!176.850,1 6,65,250
1.,123-l
2 ;8,11
2 7559100.0000
2,39,57,40125,744,000
'13.058{r100.0000
-,
ACME RESOURCES LIMI-TED
n. Demat€rialisation of Shares and Liquidity:Trading in,the secruities of the Compan), is permifteLl only in demateriatized formas per notilicarion issued by the Secuitics & lrxchange Boarcl or IndJ (aELIi
'-
o. Details of use of publicfunds obtained in the last three years:No funds have beerl raised frorn the pubtic in the last3 year
p. Outstanding GDRyADRs/Warrants or any convertibte instrumenrsconversion dat.r Iikelv impd.r on equiry:NA
q. P]ant Locations:N, A,
,\NNUAL RnPORT 2012_2011
S.l/Sharad Saluja
N{anaging Director
s. E-mail lD of the grievance redressat dir.isjon / comptiance oflicer exclusivel), forthe purpose ofregistering complaints by invest".r, ":_"."r.r.."{Og;";i;.r,
ANNUAT, DECLARATION BY MANAGING DIRECTOR ON CODE OF CONDUCTPURSUANTTO CLAUSE 49(I) (D) OF THE LISTING AGREEMENT
1, SHARAD SALUJA, Manashs Llirector oI ACME RESOURCES LIUTTED havmij ijsregistered office at 1s'Floor, 166, Coton Srrect, post Bara elr.., i"tk.iiw o I _ ?00007 hereby rteclare that rhe Company has formulated a c.d" .aa.;;;:;';;; li" ,o"..*tuld 9xior Management perso,rrret and that all Board U"*fr.* ".J S..i..- fri". ug"r. -",Personnet have affirned the compliance of the Cocle for the finarciail.;;;ir_r;-
Irlace : Ncl^, DelhiDate 251h May,20t3
For Investors correspondence an.l fhe Companv Secretaryqueries investors cinl r{, te to theCompanv's Registered Office
,{cme Itesourccs Limiied166, lst Floor, Cotton Streat, posi BadaBaz:rr, Kolkata - 700 002
Pase 15 of 107
|1 \( \IE RESOTJRCES LINII'IEI)
CERTIFICATION BY MANAGINC DIRE(]IOR A\D
.\t N L AI_ RIPOR] 20t2-2013
(]IIIEF ACCOUNTS OFFICER
\\e hercby ccrtily that for $e financhl \ear endrng jir \l,trch 2013, orl ihe..\ie\\'of the finan(ial statements ard ihe Lash llos siatcrncnt and to thclnlir!led€ie and beliel thati
1 Ihese statements do not.oniain an\ nlaieriallv untrue statement or omitf.rct or contain st.rk'ments that might b(' misleading,
0
Lt
I These stateirenls together pres.nt n truc and fair vic| of the Comparrv's irflairs and .rrem compliancr with th(' c\lshng accurnting standar(ts, .rpplicable laws ard regutations,
l. Th.re are, to the best of our knoriledge and beliet no bansa.rions entercd irlto by theCompanY dur g the \ear l01l 13 iLhich are fraLr.iulerlt, illegal or vtutative of rh€CoI11pan,v's code of condu.t:
1 \,\ro a.cepi resl,onsibilit\ fl.r estatlishing and malntaininS intcrnat contrlris. \,\ie havcevaluatc.l the €ffecri\ eness ot ihe lnternal control svst.ms oI the Co ipa.y and r\.e ha1.ediscloscd t(J the .\udihrs an(l lhe Audit Conlmittee those deticien.ies. oi I,l1ictr rve areaware, in thc dcsign or oFeration of the internal control svstens and that lvc hnve raken.h. -9r, lrrPp- ro r , I r\ tl- -, .i. Jr -,r--
5. 1\'r: furthcr cerlitv ihai :
(a) Thffe ha!e becn no srS'niail..xri changcs in internal contr.rl svstenl duug this ." |ar
(1, Th!,rc ir,r!,r' been rc signit i.an t .h.rniles in accolinring poti.ics durinjl this l,ear
(c) There have bcc no i.sianl:es of signiliciult frau.t of trhich we have beconle a\,\,are.ud the involrement ihercxl, of management or an cmplovcc h.tvng a significnntrole in ihe C(JnlFan\'s i]]icrnal control s)siem.
sd/Shara(t Sak ja
Nlanaging Director
Placc : Ncw DelhiDate :25th \4av, 2013
S.t/'-Vi\,ck Clhatur\'cdi
Clhiet Finarr(ia1 Oflicer
P age 't 7 of 107
ACVE RESOI]RCES I,IMITEI) ANNUAL RIPORT 2012-2013
AUDITORS' CERTIFTCATE ON COMTLIANCE OI CONDITTONS OI CORPORATE GOVE(NANCE
ToThe Members of Acme Resources Limited
We have examined the compliance oI conditions oI Corporate Governance procer:lurcsimplemenied by Acme Resouices Limited tor the year ended on March 31,2013 asstipulated in Clause 49 of the ljsting agreement of the said Company with the StockExchanges.
The compliance oa conditions of Corporate Covemance is the responsibility of themanagemmt. Our exanlination was timited to a revieN of procedures and implementationthereot adopted by the Company for ensuring ihe compliance of the .on.litions ofCorporate Governance. It is neifier all audit nor an expression of opinion on ihe finallcialstatemenls of the Company.
We state that such compliance is neither an assurance as to the future viability of theCompany nor &e efficiency or effectiveness h,ith rrhich the management has cotlducted iheaffairs of fie Company.
On the basis of our review and according to fte infbrmation and explanations givcn to us,w,e cetily that the Company has complied in aI material resp€cts h,jth the conditions ofcorporate go\.ernance as stipulated in the above mentioned Ljsting Agreemeni.
ForT.R. Chadha & Co.
Chartered A.countantsFirm Re8. No. 006711N
sd./(Neena coel)
M No 57986
Placc: New DelhiDatclt: 25rh May,2013
I
Page 19 of 107
\C\IE RISOLRCES LI}II TED ANNUAL RIPORT 2O I2-:01.1
U.\\ACE]\,1FNT DISCUSSION AND ANALYSI9
Industiy Structure and Development - Ovef i€w:Historl l\,ill perhaps not rccord FY 2013 ir iidi,ls ijro$th shrry. Thc year lvas characterize.ib\ a broad-based slowclown - GDP plumrneted to 5 percent, the lol\-est h the decade - high.urrent accourrt and fiscal dcficits, raised illterest rates, persist€nt inflation and anunr.elcoming investment climate. The rcpercussions rvere Ielt across ilrdristries and
-\s per the economic sLrn ey conducied by the Ministry of Finance, fie ecdlomy is projectedio grorv at an optimistic 6.1 - 6.7% for FY1'1, signalling that the economy is looking up. Theinternational lvlonetary Fund has also projected a 6.21i" grorvfi for FY14. To achievc thisgror th, the country would need a normal monsoon ensuring agriculture grorvih and lou.erinterest rates, along with improved exports and raised industial and services activiry-
The lvholesale Price Index (WPi) - based htlation tcll to 5.96ii in Nlarch 2013 arorn 6 8410 inthe monfi of February 2013. Ths $'as ihe first instance or WPI tonrg belori' thc 69/, rnarksin.c November 2009. Core inflahon .ontinued its doh'nrLar.{ momentum and food n\flationalso feil duc to loh,cr inJlation in the pri.es oI tuuits, v€teiables and prot€in-loods The casnrgof core inflation is expecte.i to set the stagc for monctary easin8 goin!: forward.
Prusuant to fie RBIS repo rate cut, govcrnnlent bond yiekls so{tened in FYI3, despite anincrcase in governmeni borrownrgs and lo$.er FII infloH-s irto the debt markct. Led byaggressivc cxpenditure cuts sirce S€Plember 2012, govemmcnt bonowings for 2012-13 alsoturnc.l ol1t to be lower than envisag€d earli€r. In the currcnt fiscal, further reducuon in ihercpo ratcs and decelerating in1lationary pressures 1\'ill hclp ease the-10-vear bond yjelds fron
lve L'ihress that NIllrC sector, in lndia, is iacing siiff competiiion from diflcrcnt banks ar1dfinancial instituti(Jns. lhe cost of ftn.1s of dre banks is lower as conpared to Nlllrc's. Noronly {his, thet luve a very B.ide ncth,ork and h ge capitai basL'r,hich makes them morcattractivc than NIll;C's. Horyever, as the market is \'olatile rn nature, thc lorg term gro$ thof cipitnl market cal1s for a matter o{ concern.
Our approach to .orporate finance is sector agnostic atld our (onsiant endeavour js tosupport our clicnts i{.ith quick and cffi.icni servlce. \\e structrre soluLions ihat span busiiessloans l imelv .telivery of Iund s is one sr(te of o ur storv. fhe othe r s id c go.:s L.eYond len.:iing.
Oppotunities, Threats, Risks and Concerns:Your companl sees opporiuniiies in the market lvith exisiing a d new cusiomers. Your.ompanv has a dedicated accounts tcanr to foc1ls on each customer. Itising input cosls.tndvoiatility in the market are some of tht, key.hallcnges lh.lt volrr compary is addressjng bYspccific iniiiative lor e.rch.
Thc volahle naiure of market poses thrcat Your company also faces siilf compctrtn fiomNationalised, ForeiSn and Private Se.tor Tlanks as the), providc lodrs ar a very low rate ofinttrest. F-urther, *.c havc also thrcat fron Rei+rlatory changes 1]1 rhe NBFC and ancillary
Your compan} is exlrosell b external .uld internal risks associated r!,ith thc business. lt iserposed to strong competitivc prcssures aml financial risks from changes in intcrcst ratc.economic cvclos. ck'.
Page 20 al 1O7
rTC}IE RESOURCES I,IMITED ANNTJAL REPORT 20I2-2OI]1
Your conrpanl is taking st€ps to cnsure efle.tivc risk m.n.1genlenr trr manrtainmg a prud$tan.l commerdal business practices and a conlprehensile risk manage ent poticv.
R€ducing Credit Losses (NPAs)Interacting closelv w,ith customers helps us pre-en1pi and redu{:e.redir losses }IorLc!rr, insorne strav cases where fte loan assets slip into NPr\s, our responsi\.eness coupted rrith.ulelficient recovery system helps us minnnise losses.
Segme t-wise or product-wise perfotmance:The companv has 2 business segments i.e. NBFC Business inclirding ihe financing activities &Sales/purchase of properties. The total revenue tr^m \BFC bu\iness durinij tie r.a. *asrePorted at Rs. 1754.14 Iacs and ftom Properiy trading Rs 821 LU lacs.
Future OutlooklYour Compary intends to in\.est in businesses rclaieLl to intraih-rlcture, ielecommu cation.etc In ihe coming years sinc€ ii s€es gro*'th in it. This \ ill .lctiniieh hetp ihe Company roestablish itself and remain as a stronil player in ihe iinan(e industn \\'irh the Ciipital mar-kctexpe.ted to be in a buolrant mood than the prevjous fe\' \ ears and r\ h our efforrs we canln.l i(.r(.,rLI ro a re\'d,JinF \.Jr rJr rl,H ' ornp,m\
Intelnal Control Systems and their adequacy:The Compary has in place adequate internal contol s\ sterns and procedures commensuraiervith thc size an.l nature of its business. Ihese pro(e.tures are designed to ensure:
'that all assels and resources are used efficienil\ an.i are adequatelt, prote.icd,That all inteml policies and statutorv guiclelines arr c.,mplied $.ith in lctter & spiri!
The accuracy inld limirlg of fmancial reporrs and management information.
Material Development in Human Resources / Indusrrial Retations number of peoplcemployed:'Ihe Company bclieves dui people are thc ke! ingredie i trr the success of aD organizatiorr.T oolhg ai+er people makes good busincsl sen* tr€l:ause. if peopl^ 21p motivate.l, servifterccllence will follow the Cornpan), recognizes ihe importance and contributjon of iisIlunran resour.es toh,ards its growih and dc\elol.ment and is committcd io the.levelopment oI its people.
Financial and Operational Perf ormance:'the fhancinl statements have becn prepared in.omph.rnce h,ith the requirements of iheCompanies Act, l956 an.l Generallv Accepted A..ounhng principles (GAAP) in tndia. T)Lrrilgthlr year 2d12-13 (on a standaloni: Lrasisl, th. C.mp.n\ s iotal income irlc.casiir{i b\, 12.tia, ti, to- :2Ull.rl .- '.'Ut:t,rt .rt.... ,..1. .lJ..n ..r ..tr .,1?-Sl,t l,rkl..
Cautionary Statement:this report.ontains Jo.ryarLl looling stntenrinis that ilrvolve r;sls anlt !n.crtainriesnrcluding, but not limilcd to, risks inh.r.nt in th.,(onrp.l|\,'s growth sh.ate:ty, d.pcn(lfnrcor1 ceriain businesses, dcpcnd.n(e ()n a\.rilat'ilit\ .]r q atifilrd and tr.rtrlt.Lt nrdrpostr,e.onomi. ronditions, ilovc ,rnrnt poliries anJ otlrri ra.brs. -\ctlrat rcsulrs, perflrmance ora.hi.vr ents.ould dil'tcr rnai€rirllv lrom th.s', r\pr.ssed or lnrplie(l in srclr ior\\..rrLllookirg statemenis -1'1)i\ r.Pori sh rld L,e read in .ontu .iion !\ith the inar.iat suLernentsinclnded herein i 1d rhc not :s thcreto.
Paee 21af 7O7
3
&r
lt
d
l.
4.
-{C}{E R,ESOURCES LIMITED ANNUAL REPORT 20T2-2013
.II]DITORS' REPORT TO THE BOARD OF DIRECTORS OF 'lS.
ACME RESOURCES
LIMITTf)
As required by the Non Banking Financial Companies Auditor's RePort (Reserve Bank)
Directions, 2008, we state that
The Company is engaged in the business of Non Bankin8 Fina]1cial lnstitution and has
obtained the Ceitificate of Registration as provided in section 45 lA of the Reserve Bank
oI India Act, 1934 (2 of t934) dated 16th April 2006 No. 8.05.00304 from Ilesefle Bank ofIndia.
The Company is entided to continue to hold the Certilicate of Registration in terms o{Asset/income pattem as on 31st March2013.
The Board o{ Directors has during the }rear p.ssed . Rcsolution for non acceptance ofany Public Deposits-
Thc Company has not accepted any "Public DePosif ir1 the financial year ended 31st
March 2013.
According to information & Explanation given to us, the Company has comPlied wirhthe Prudential Norms relating to Income recognition, Accounting Standards, AssetClassificaiion and Provision {or Bacl & Doubttul Debts as applicable to it in terms ofNon Banking Financial (Non Deposit Accepting & HoldinB) Companies PrudenrialNorms (Reserve Bank of lndia) Directions, 2007.
h
n.
b
e
n8to
Place: New DelhiDated 25s May,2013
ForT.R. Chadha & Co.
Chartered AccountantsFjrr qeg. No. 006711N
sd/(Neena Goel)
PartnerM No 57986
Page 22 of 107
\C\IE RESOLRCES LIi\,IITEI) ,\NNt' \I, REPORT 2OI2-2OIJI \ D EIE\ DENI]{qDIIqBqB!!QB1TO THE \lEMBERS OF ACME RESOURCES T IMITEI)
1. Report on the Financiat Starem€ntsi\e have audited the acco,panying financial statcmcnts of A.me Resourc€s Limited,rrhich comprise the Balancc Sheer as at N,tarch 31, 2013, a.cl the Siatcm€ni ot profit andLoss and Cash llolv Sratemeni foraccounhns policies and
"*", ",r,"i,tli,tu?.ll::.T*t' arld a sL'Immarv .r sisniricant
2. VjnaSemcnl s Re\pon(ibitiN for lhe finrncidl qtdlemenLsvranrBenlef r rs resp.rsihle for the preparation oI thesc financjal siarcmenrs that ijivc a trueand fair view of the Iinancial position, iirunciai pL:rfonnancc
"ri ."r,-n_* ., ,n"Company in accoldance ,ith the Accounting Standards rcterred to irl sub_scction (3C) ofsection 211 of the Companies Act, 1956. this responsibili8 inclu.tes the dcsigryrn r.i"mp-t., r.n dnd rr.rnr.r,,,tre.rcsentation or thc,u,*.,r,,,*",iL.l'l'n"ji:, jJ:Ti"':i1lT:. :,#"jT:l: 1i.:j,,illmaterial missratemen! lrhcther due to frau.l or error
3. Auditor's ResponsibitiryOur responsibility is to express an opinion on these financial statemenis based on ourauLiit. !!e conducted our audii in a.cordance r\iih rhe Standar.is or;;;;,.""*1 n,
".Institute of Chartered Accountanls of India. Ttrose Stanaaras req;ire';.:;;:" ;;;;r;l;cthi.al rcquiremenls a.d prarr and perforrn the.rudii to olrtah r:as.."b,,, .""*u,'.. .o-ni\hetfiel the Finarcial statenlents dre free fronl nuterial missiatemcnt.
An audit invoh,.cs p.rlorrninil procedures to obtanr audit eviden.e about the amounLs and.iisclosurcs in the linancial statemenjudsment. hcrud ns,n" ".""..-";; : ;:".:ffi :ffi:i':::*il1:ii:; :i:.i,XH;staternolts, w,hether due to fraud orconsidcrs inre u, "..,,.,,","""",,"",I:HJ:i$HJ'; ::].',I;ll:,:li.1*,:;fie tinancial starements iJr ordpr r. clesiSn
""a,, 1,-..jr*. *.r r," ,ori.r..* a *",i,.u..,n,... \ .,u,r,r dl.r ..,,LJ_. evil a ns rr,."Dt..; ,; :1,.; ;...,,,;,,;policies usert and rhc reasonabtencs of tt.," *,_".r;i g *u,,u',".;";"';-;;;"*","",.,, "",\ Ildre'dl.rJ,,rHth.u\..r .Jt trp,.nt ,ion, trt_,,n,rli,t ,,.,. r.,;.
' ""
We belicve that the audit evidencefrovi.le a basis tor our audit opinion.
we have obiained is slrfficient an't appropriate to
4. OpinionIn our opinion an.1 to the best of ourto us. the financia,
",^,",,"",. r,.,";,i'll;IfiliH;.Jjfi IJi::l:,i1.:T.1;.rJ:::rPquri,l J d Bi\- J tr r. drr(l tr:r \gencrary accepted in In.iia: 'ieu in conformit]' 1\ ith ihe accounting princiPlcs
a) ;tttle
case of thc Balarce shcet, of tlle state of affairs of thc Company as at Nlarch 3t,b) in the case of the Statcmenr of Pro
date; and fit 'tnd ]-oss' of the Profit for the )'ear endecl on that
Page 23 of 107
-{C}IE RESOURCES LIMITED ANNUAL REPORT 2012-2013
c) in the case of the Cash Flow Statement, of the cash flows for ihc year ended on that
date.
5. Report on Other Legal and Regulatory Requiements
1. As required by the Companies (Audibr's Report) order,2003 ("the order") issued by
the Cental Government of Inaia in terrns oI sub-section (4A) of section 227 of the Act,
we give in the Armexure a stalement on the matters specified in paragraphs 4 and 5 oI
the Order.2. As required by section 22(3) of the Act, we report that:
. We have obtained all lhe infomation and exPlanatons which to the besr of our
knowledge and belief were necessary for the pulpose o{ our auditi. In our opinion proPer books of account as required by law have been kept by the
company so far as apPears from our examjnation ofthose books;
. 'Ihe Balance Shee! Slatement of Profit and Loss, and Cash Flo$' Statement dealt
with by this report are in aglePnenr with the books of accountl
. In our opirion, The Balance Sheet, Stateme.nt of Profit and Loss, and Cash Flow
Statement comply with tlrc accounting standards re{erred to in subsection (3c) ofsection 211 o{ the comPanies act, 1956,
. On the basis of written rcPresentations received from the directors as on March 31,
2013, and taken on record by the board of directors, none of the dire'tors isdisqualified as on March 31,2013, Irom being appointed as a cljrector h rerms of
clause (g) of sub-section(1) of section 274 of the ComPanies Acl I955-
is
I
i
c
For T.R. Chadha & Co.Chartered AccountantsFirm Reg. No. 006n1N
Place: NewDelhiDaie : 2i0t2013
sd/Neena Goel
PartnerM. No. 057986
!,
at
Page 24 of 107
AC\IE RESOURCES LIMITED
ANNEXIJRE TO THE AUDTTORS' REPORT
(a) The company has maintained propq rccordsquantitalivc det.Lils and situation 'f fiYed
ANNU,{.L REPORT 20I2-20I3
shor!,hg ful1 parhculars includingasseis on thc basis of available
(b) As explained to us, all the fixcd assets have been ph1'sically verified by the
management in a phased periodical mamer, r\'hich, in our opinion, is reasonable
having regard to the size of the comPan]' and the nature or its assets No material
discrepancies were noticed on such verification.
(c) The company has not dispose.t oIf a substantial Part oI fixed assets during the ycar.
ii) (a) The Invertory has been Physicall]' verilied during the ycar by the managemcnt Inour oPinion the ftequenc), of verification is.easonable.
(b) The procedure o{ physical verilicahon of inventor)' followed bv the managenent are
reasonable and adequate in rclation io the size of the Cornpany and ihe nature 'l irs
(c) The Company is mairtaining proper records oI inventories. As explanred Lo us, there
were no material discrepancies noticed on physical verification oI inv€ntorrt s as
compared to the book records.
iii) (a) 'lte c,rmpany had given loan to one ComPany covered in the register maintainedunclcr sectior 301 of the Companies ,\ct, 1956. Ihe maximum amount involvedduring the year was Rs. 66,02,067 and the year end balance of sLrch loan {'as Its. Nil.
(b) ln our opinion and ac.ordjng to the irformation & erplanations given to us, the rate
of interest & other terms & conditions of the loans given by the ComPany was noiprejudicial to ihe interest of the Company.
(c) In respect 6. the said loars, the sa -re are repayable on demand & {rerefore thequeshon of overdue amounts does not arise. ln rcsped of interes! there are no
overdue amounts.
(d) The Company has takcn unsecured loans from three Parties covcrcd in the reSisier
majntained under section 301 of the Act. The aggregate anrount outstarding at the
encl of financial year was Rs. 2,03,35,95.1/-
(e) h our opinion thc rate of interest and other terms and condltio s of unsecured loans
t.rkcn bl, the Co pany are prima facie, not prejudicial to the interest of the comPany
(t The conpany is regular in repaying dle princiPal amounts as stipulated and has bcorregular in thc payment of interest.
ln our opinion arld according to the i formation and explarations givcn to us, there ar€'
adequate internal control procedures comrnensuraie $ith the sjze ol the Companv and
ihe ratur'c of iis business for the purchases of InventoD'and fixed assets and the sale ofgoocls & scrvices. Durjng the course ofour audit, we have not obscrved any conthuhgfallurc to correct maior \.\,eakness in iniemal contiol s!stem.
i")
Page 25 of 107
n8ne
heneial
its
td:dI
t3
te
hc
en
1d
..)
rC\TE RESOIJRCES I,IMITEI) ANNUAL REPORT 20I2-20I3
.) According to the inlormation and explanations given to us, !r,e are of the opinion thattrarsactions that need to be entered into the register maintained under section 301 of theCompanies Act, 1956 were entered.
ri) In our opinion and according to the informatior and explanations given to us, theCompany has not accepted any deposit from the public under the provisions of sections58A and 58AA of the Companies Act 1956 and the Company's (Acceptance of Deposits)Rules, 1975 ftamed thereunder with regard to the deposiis accepted Irom the public.Therefore, the provisions of Clause (vi) oI paragraph 4 of tlrc orcler are not applicable tothe Company.
rii) L1 our opinion and as per provisions of the clause, the Company has an internal auditsystem commensurate with the size and nature of ils business.
\in) Pursuant to the Rules made by the Central Gover nent for the maintcnance of costrecortls u/s 209 (1) (d) of the Companies Act 1956, .e are of the opinion ihat theprescribed accounts altd records are not required io be macle and maintained.
ix) (a) According to the records of the Company, the Company is generally regular indepositing w,ift appropriate authorities utldisputed statutory dues incluclingInvestor Educadon & Protection fund, Income T t Wealdr-tax, Scrvice Tax, Cessand any other statutory dues applicable to jt.
(b) According to the inlormation and explanations given to us, no undispuiedamounts payable in respect o{ Income iax, Wealth tax, Service Tax and cess R erein arrears as at 31.03.2013 for a period oI more than six months from the datc theybecame payable.
(c) AccordinS to the hJormation and explanations given to us/ there are no dues ofIncome tax, Wealth tax, Service Tax and cess which have not been deposited onac€ount of any dispute.
The Company does not l:ave accumulated losses it t]le cnd of the financial year rnd ithas not inculred cash losses i. the curent year ard the immediately preceding Iinarcial
In our opinion and according to ihe inlormation and explanations given to us, theCompany has no dues to finarcial institution or bank or .lebenture holders.
\i)
v.
xii) The company has not granted a]]y loans and advances on the basis of security by way ofpledge of shares, debentures and other secruities.
xiii) In our opinion, the Company is not a chit fund or a r'iidni /mutual beneFit fun.i/society.Therefore, the provisions of clause 4(xiii) of the Companies (Auditor's Report) Orltcr,2003 are not applicable to the Compary.
xiv) The Company has maintained propcr re(ords ol the transa.Lions & LonLralts in respectof dealing or trading in shares, sec riti.s, debentures and other investmenls and timelyentdes have been made there in All shares, debentures, and other inveshnents havebeen held by thc Company in ils own namc.
PaEe 26 af 1O7
AC}IE RESOI]RCES I,IMITEI) ANNUAI, RNPORT 2012-20T3
xv) ln our opinion and according io in{ormation and explanations giv€n io us, the companyhas not giveD any guarantees for loans taken bv others from banks or financialinstitutions.
xvi) During the year covered by our audit report the company has not obtained anv tcrmIoans. Therefore clause (a to d) of the order is not applicable.
\.vii) According to the in{ormation and explanations given to us and on an ovcrall examinationof the balance sheet of the company, we report that no funds raised on short-term basishave been used {or long tem investment.
xviii) According to the information and explanations given to us, the company has not madeary prelerential allokfimt of shares to parties and companies covered in the registermainlained u/s 301 of the Act.
xix) During ihe year covercd by our audit report, the compan\ has not issued any clebentures.
xx) The company Ims not raised any noney by public issues.
xxi) Accoiding to the fuJormahon and explanations grren to us, no {raud on or by thecompany has been noticed or reported during the course of our audit.
For T.R. Chadha & Co.Chartered Accounta[tsFirm Re'' No 006711N
Place : Neil.JelhiDate: 25-05-2013
sd/-Neena Goel
ParherM. No.0579i16
r
Pase 27 ot LOj
013
,any
rcial
tionlaSiS
-Ilc.}lE R.ESOURCES LIMITED
fAI,ANCE SHEET AS AT 31ST MARCH,2013
ANNUAI RXPORT 20I2-2013
SHAREHOLDERS' FUNDS
Reseaes Md Surpla
NON-CTIRRENT LTABILMES
Long-6n Botdwings
Other Long tem liabilides
Lon8 ierm Provisions
CURRDNT LIABILITIES
Snorr-!ernr BoEowings
Orh cr currcn t I iabil itics
1
257,440,A4A
373,53,2422
57t,972,02
334,711,917
5,0011,000
1,!195,586
341237,533
2,196,872
7,692,273
10,189,085
922,39.8640
257,440,Un
2a,720,089
446,760,O49
561,524,702
5,021,758
).,446,766
567,994,226
2,924,560
5,810,971
4,765,537
7,062,979,446
the NON.CURRENT ASSEIS
Iired Assets
Tangible Aasets
Non crrrent Investment
Deffered Tar A$eLs
Long-term Loans and advdnccs
Oiher non{urrent assets
CURRENI ASSETS
Current lnveshrenis' tnventories
Tladc Receivables
Cash md (6h equivalentJ
Slrort-iem loans and advances
Other Cftiert Assets
Total
SICNITICANI ACCOUNTTNG POLICIES ANDNOTES ON ACOUNTS
As per our Rcport atta.hed
Ior '1. R. Chadla &co.CHARTERED ACCOUNIANTSIirm Regn. No 06711N
M.No,057986
PLACE : NEW DELIII
DATID :25'05-2013
9
TO
il1
12
13
2,702,992
90,379,99I
3;1,699
164,701,131
16314,076
274.,154,190
71,949,141
196,E68,862
:1,050,000
22,495,963
539,197,000
1.1,281,381
368,O20,740
940585,491
11
15
:16
t7
T8
:. X&**.1:::XS1X&
5,6qj326
90,379,991
329,023
416,250,000
20,21)5,727
532,921,068
I1,060,118
181,569,r67
5,000,r12
181,98,1,311
98,an,Tl
38,94,77,572
922,394,640
Ior andon behalf of th€ Board
,sd- -sd-
shand Saluja Kutdeep Satuja
ManagingDirector Director
DIN-015116294 DIN-00289187
Page 28 of 107
ACME RESOURCES LIMITED ANNUAL REPORT 2OI2-20I3
PROFII & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2013
INCON'ERcvcnuc from operattuns
rotal Relenue 0)
EXPENSESChdge in Lvenn es ofStocl-in TradelrnGnse)/DeoeNePur.hase of Sb&-in-Trade
Enrplovcc bcneht erpers€
Depre.iaiion and amortization erpense
Contigcnt Prorisions agan$i Standard
Total Expenses (Il)
22
23
21
25
31.03_2013
2ar-,51A,927
1,685,248
262,2M,175
l1!,028,3u
37,Q7t,2AA
2006,981
69,137,283
895,996
j,i12,796
18,820
13657i91rJ
78,629,25A-
1,5,628258
37.03_20t2
110,092.193
22,41,212
232,336,?05
(10255,244)
63,490,776
3,;01,928
59,481,568
s59,2S2
6,431,728
125576.974
106,879,717
106,479,727
12013,156
23,559,773
20
2L
PROFI'T BEFORE TAX AND trXCEPTIONAI- ITIM 1I-II)
PROFIT IIEIORI T,tX AND AFIER EXCEPT1ONAT IIEM
Current laa Jl itrIlxlDeflered Tar ].6:6Tar plnl f(trrarli.ryciF (;rE ri1)
PROFI'I' AITER TAX AND IXCEPTIONAL ITEM
EarnjnS per equiry dure: (Nominal vatue oishare Rt l0)(l)Basi. 27
(2)Druted ,SIGNIFICANT ACCOUNTING POITCIES 1AND NOTES ON AC'OIJ\ITS
As per our Retorl oIclcn date attaLied.
Ior T. R. Ch,dha &Co.
CHARTIRID ACCOUNTANTS
Fnn Rcgn No 0221ir7N
M.No.057986
PL,{CE: NtWDEIIIIDATED : 25-05-2013
10,816,325
84,8:r1,933
092
0.92
For and or belDlf of the Bodd
DIN 00289187
Page 29 ol lO7
IC\IE RESOURCES LIMITT]D
Cash generated from oPcrationDned Taxes ltcceiPt/ (Paid)
C.\SH FLOW STATEMENT FORTHEYEAR ENDED 31ST MARCH 2013
P.*id,a. 'i1:lii":-*;1i:' ':i:Iil;x";1,fi'*6$ns!i,r&t&iWffiro&1&' rXX& '!Xl 'i*&t i'X: ll *4 |
plotit Beiore le 125,628,253 1t]6B19'7'
6epP.iation anil amortisation exPetre 89t'99t' 859'2112
Er;fio/Loss on salc or rixed As;ts (268,707) ^.9:31)
Inrerest & IinMc. clrdg.s ai,*z ztl 69'764'572 59'481's68 60'319"151
op-_J.g p."rit b"r.. wirtjnt caPit'l'h ges 195'392830 167'159'17n
Adiu\tmenE for r\orLing, (.pital.hug€(;.rcJ\.1/De.rea* D L,'rgTem Los ddAdvdccs l5r'548 cho) l'r2 zrq ]9l
(L1.rcase)/ Decrease in Curienr lnvsthots l'889'lll 2 1:7 \61
lln.r..sel/ Decrcase m Inventorics :153'19'695 (9'804'071)
ir...".'.jl rr".,".'i . ,,"a" *-"t,.ut"' 1'o5o'Lxt0 0'0s0'000)
0n.reJr9/De.r€d* I. ShortT(m LM5 ddA.lvan.es 3i7,272,6a6 (392 084'712)
ir**'"jlo--*" - o"r"r Curqt Asts 4 !2.I't19 (1'859'912)
In.rensc/ (Decreasc) in other Lons TeoLiabiiities (21'718) ?1'7\trI".r*.71o.--*1 i" .-t Tcm Borowing (127'718) 2346 712
i".-",."i io"ii-*j - otr'"r Current Liabiliie 1,8jr'302 :I3r'716oel 1'411'178 (106'08e'13'1)
(!,692'r80)292446,441)
13,620,6,31
Pro..e.is tooD Sale of lixed Asscts
Purchase of Fi\cd Assets
Pur.haie ol lnvcstmenl
l?26,131.733J(69,737.2A1)
(29s,921,038)
117,O95,221)22,095,963
5,0o0,742:xtaa,.,.M,:.
DIN-015116294
N.l Cash llow frof, Investins A.tivitiesc c&*in$l^;,i&!sr&*ttd&at::' ]!{'r ; -
Pn).eeds hon Long Term Boro( ing
lntercst & Iinancc Ch.tgcs Paid
Nct Cash Flow frod linan.ing Activili6Netincrease in Csh & Cdh EquivalentsCash &cash Equivalents (OPening Bald(e)
Balar.e: a,idr bdkIn Ctrrrent A.connts
Total.ashand cash equivalents (Note _14
As per our Report arhchedIor T. R. chadha &CoCHARTERED ACCOUNTANTSFim Rcgr. No 06711N
M.No.057986
PLACE: NEW DILuID ATI D : 25-05-2013
l;m,Dm(53,20,63)
43,a9.7176:11,595
5,000,742
For and on behalf ofthe Bo d
ANNTJAL RI,PORT 2012-2013
(31,960,100)
29)'u9,744
708,500
025,850)
s8?6s0
18,165,118
(;9183,568)(11,318,050)
18,374,3433,721,624
22,095,963
lttt$- ,$8.1 ,tX xr ,a
21,89t.190199,11-j
2,095,963
DtN-00289187
Pase 30 of 107
1.1 A.counting Convention
The fnrancial statements of thc compan! has been prcParcd ir1 accor.lancc withgeneratty accepred accounting princrpios ,. r.,l_ (1,l.1,:" 'aAA;,i. r rc ..,_r_* lr*pr. pared these tLndn.idt .latern. nb, r.l. omltr .^ .rtt nr"r.rial ,,,r",,.,,i:f, ''..,,,. -,
:lI!:11. "." * ndpr rhe, umTd, p\ A,,oJn nA _,' 'r.'JiiR, r,. ;; ";; ,;:rfrevanr. frl,vrsroDs of companies Act, 1956. fhe financiar stateinerlis l1ave beenprepared on an accrual basis and under Iistorical cost convention.
1.2 Use ol Estimates
The prepa,ation offinanciar statements requires management to make cstlmates .rndrs(umftion\ rt,t arire.r rhe reForr.d amounts of assetsand liabititie;." ii'" .i"" "i
,r,"lilldn.ior\rdrerncn15dndthprcnJrrc.tJr'l(,Lnt ot ,_\. r.rF-.l|r.tp\p ,,r...i",,";,""rcportinS period. Di{ference betv!.een the a, ru.t rc,r,tt, an,i e,hnr';;;"*-,,"."i"r*a,"'h, peri,,d rn ,Jn,, tr rh. r..J tl\ aJ. tn, in 'l.dcfldti\.,
1.3 Invenlories
i) In th e case of qr'rotcd sharcs, invento es have been 'alued
at lor.er of cost an.r NetRealizable Vatue. Unquotecl shares have been var"a "t
f.l,"..f...t _i L,,"lt"p
ii) In the case oI lrots and lancrs, inYentories Ilave been !?luc(l at rower of cost and marketvalue.
1.4 Fixed Assets
l]:e,:-.f::,:.:l: stdted ..rr
.r18rn.rl cosr less ac.umulateLl depreciation. Lost ofdcqurslrioLr r\ rn.tuuvc (]1 frpiBht, duhes, taxes al1d other incirlentaiexpenses related toacquisition, installation and commissiorun g.
1.5 Depreciation
{C\IE RESOLRCES LIMITED
1, SIG\IFICANT ACCOUNTING POLICIES
ANNLAL REPOR'I 2OI2.2()I3
Depreciation has been charged on \t.ritten do$n v.rlue basis ar the raies and in themareIPrc5cribedun(lerschedule'xIvtotIrCComPanie5Act,]956
ii) Deprecjaiiorl is provided on l,ro rata basis hom tlte .lnte oI aljditrons.
iii) Assets costing up to Rs.5000 are futly Llepreciated in the ).ear oI acquisitiorl.
I
Page 31of 107
rC}TE RESOURCES LItr{ITED ANNUAL REPOR'I' 2012-20I3t3
th
r8
)f
1.6 lncome R€cognition
i) lhe companl, has folowed the directives of the Reserve Bank of India on PrudcntialNorms o] hcome recognition, Provision for bad an.l doubtful debts eic iss(rd frontime to time. Accordingly the Compan]' has recogrlized Income on Performirg 'Assetson accrual basis in rcspect of Loans and has made Provision in resPect of the said
Assrts in accordance with these Guidelines.
ii) income on Non Performing Ass€ts is being recognized on cash basis
iii) Dividend income is rccognized as ard when received from the lnvesk'c Comparl 'Shareholders' right to receive dividend is established bv the Balance Shcft daie
1.7 Investments
i) The Company is regulated as a Non Banking Financial Companv (NllFC) b]' rhe ItltlAccorliingly, lnvestments are classifie.l under two catcgorles ie Current and Long
Ter an.l are valued in accordance with the ttul guidelines and Accourliing Standard
13 on'Accounting aor lnveslments'as notified by the ComPanies (Accounting
Standards) Rules, 2006.
ii) ]-ong lerm Investments' are carried at acquisition cost. A Provision is made for
diminution other thaJt temPorary on an i ndi! iclua1 basis
iii) Current Investments' are carried at the loi{er oI cost or fair valLre on an individual scdP
1.8 RetirementBenefits
All emirloyee benefits pa\able wholly within tu'elve months of r€ndering ser\icc rreclassificd as short-term emFlovee benefits. Benefiis such as salaries, al1ot'ances, sholtierm (ompensated absences and the exPccted cost of other bcnefits is recognized in the
pend nr $'hicl1 the emplolee renders thc related services
1.9 Earning per Share
In dctermining basic earning per slure, the con-rpan1' consirlers the net Prolitattributable to equiil shareholdi:rs. The nurnbcr of shares use.l i computing basi'earnin8 per share is the tcighkr.l averag€ numbcr of share outstan.ling during the
pcriod. In determining ,:tiluted earnings Per share, thc net Proflt atoibutable to equitY
sh.rreholders and {eighted a\crage nLr ber of shares outsiand g dnring the Perjodare adjusted for the effect oI all dilutive Potential e'quitt slures
1.10 Taxes on Income
i) C rrcnt tax is determined as the a ount of tax pavirtle (if any) in respect of raxable
income for tire perioLl based on aPPlicable ta\ rates and lalv.
ii) Dctcrred l'ax is recognized subiect to consjderation of prudence in resPect of delerred
ta1 assets, on timing difference, behg th. differcnce betl'"eer taxable incorne and
ac.ounting income that oriSinates in one Perod ancl arc capable of reversal in one or
more subscquent periocts and measured uslng tar raie atrd law that have been enacted
or substantially enacted by the Balarce Sheet date. Deferred taa asseis are /evi'w-ed at
thc each Balance Sheet date to re - assess rcalization.
PaEe 32 oI 101
AC}IE RNSOURCES LINIITED
1.11Provisiorc
ANNUAL REPOR'I 2OI2-2013
Irrovision is rccognised when an enterprise has a prcsent obligation as a result of pastcvents an.l it is probable that an outflolv of resources irill be requircd to settle theobligatiorl ard in respect ()1 which a reliable estimate can be made. provisrons aredetermined based on managem!,nt estLmate5 require.t to settle thc obhq.rhon at thebalance sheet date. These are reviewc(l at eaLh bal,rn.e Jate anll ad,u\tcd to reflect thecurrent management estimates.
1.12 Impairmerfl of As\et'
At each balarce sheet date, the Compan), revie$.s the carr).ing amounts of its lixedassets to determine whether therc is anv indication thai those assets sufferedimpainnent loss_ U any such inL{ication elists, the relo! erable amount of ihe assets isestitnated in order to detennine the extent oa impairment loss The impainnent loss asdetermined above is expensed off.'Ihe imparmlent loss re.oSnised in prinr r..or,rt*gperio.l is reverced if there has been a change in the estimate oirecoveratle amount.
Page 33 of 107
)13
the
thethe
{C\IE RESOURCES LIMI'I'EI)
: SIIARE C I]ITAL
ParticularsrEthoriz€d Capitall:luih shares of Rs. 10/- each:..000,000 (Previous year 26,000,000) Equitv SharcsShares issued, subscribed and fully paid up Capital::quih shares of Rs. 10/- each]i.79,000 (Prcvious year 25,744,000) Equitl Shares
,\NNUAL RXPORT 2012-20I3
(Amount in Rs.)As at 31.03.2013 As at 31.03.2012
260.000,000
257,440,0W
260-Q!!pQq
257,440,O00
sis
ing
Reconciliation of the Shares outstanding at the beginning and at the end of repofiingperiod are as belowl
As at 31.03.2013(Amount in Rs.)
As at 31.03-2012No of No ofShares Amount Shares Amount
Equitv slrarcs at bcijinning of the \ ear 25,714,00A 257,41A,0A0 25,744,000 257,4,10,000feJ l. .h,rF. rr.L. d,lulng t\, \.drEquih shares atthc cnd ofthe lear 25.744,000 257.440,000 ZS,744.OOO 257.440.000
Ihe rights, preferences and r€strictions attaching to equity shares and the repayment of.apital is as under:
Ihe Company has onlv one class oi [quity S]rarcs luvinS a par value of Rs.10/ each. Eachholder oI Equity Shares is entitled io one vote pcr sh.rre. In the event ot liquidation of theconpanv, dre holcters of Equih Shares \\ill bc eniitled t(J receive rcmaining assets of the.onpan\', after .listribution of al, preferenfial amounis Th. .lisrribution will be in propor.tionio the numbcr of Lquitv Shares held by the Shareholticrs.
D€tails of shares held by the sharehold€rs holding more rhan 5,,/o of the aggregat€ shares inthe Company.
As at 31.03.2013 As at 31.03.2012
Parti(. ars
lquity SharesNarayani Dcalers Irvt LtdBluenloon Dealcon Pvi. Ltd.Sclvo Dealcom Pvt. I-tcl.N4erit Dealers Pvt Ltd
3. RESERVES AND SURPLUS
Pa iculars
Security Premium
Statutorv Rcserve liund- Opennlg,\dd: Translcl from SurplusBalance as at the €n.l oI year
11,405,511 '1,1.303,756,000 14.593,750,000 71.573,-102,300 13.22
n_o. ofSharesheld
1t,552,1283,7;6,000j,710,000
1, r02,300
t'/,, otHolding
14.E7
r1.59I,1.57
13.22
No. of Shares ,,t, o{Holding
(Amount in Rs.)As at 31.03.2013 As at 31.03.2012
Profit and T-oss Account , Opening Balance
'\,:id: Net Profit ofcurrent year transferrcd frostaiement ol lrroii t nnd T oss
50,000.000
12,367,273169,62,387
s9.s29,660
136,352816
84,8r1,933
50,000,000
?8,282,03511,085,23842,367,273
80,011,865
70,126,189
Page 34 of 107
\C\IE RESOLRCES LIMITED
\mount a\ ailablc for APProPriation\ppropriahons:Trrnsfer to Statutorv Reserve Fund
Surplus - Closing B;lance
Total
4. LONG-TERMBORROWINGS
ParticularsUnsecuredLoans and advarces from ltelated Parties
(Refer Note No.31)T.oans ard advances from others
Total
I o,|l- dnJ r,l\ dr,..- Ir nm R'lalc(l ]-Jrhc'(IenN of tiepayment)
Tenure
ANNUAL RNPORT 2012-2013
221,161,719 150,438,0
{Amount in Rs.)
As at 31.03.2013 As at 31.03.2012
16,962,387
204.202,362
3ts,seiA
209,6A2,491125,139,453334,741,947
14,085,238
136,352,aa6
228,720,089
415,145,391146,380,311561,s25,702
(A ount in Rs )
As at 31.03.2013 As at 31.03.2012
Non-CurrentPortion
Non-Current
the date of balance Rate of Interest
1 to 5 Years
rnore tlan 5 Ycars
Loans and advanccs from o$ers(lcrms of RePayment)
Tenure{from the date of balance sheet) Rate of lnterest
91i,to13%9%to13%
248,51,951
18,17,50,5.13
2269,20,341
1882,25,050
Total 2o9b.O2-494 4151,45,1c1
Non-Curent Nofl-CurrentPortion Portion
9 96 to13 % 125t,39,443 1453,80,311
5. OTHER LONG-TERM LIABILITIES
ParticulalsTrade payablesMicro & small enterPrises
OthersAdvance from CustomersTotal
6. LONG-TERMPROVISIONS
ParticularsProvision Agairut StanLlard Asseis
Total
7. SHORT-TERMBORROWINCS
Pa iculars
Loans and advances from othersTotal
(Amourt in Rs.)
A5 at 31.03.2013 As at 31.03.2012
5,000,0005-Q00pQ8
As at 31.03.20131,495,5861,495,5!6
As at 31.03.2013
2,496,8122,4eb812
5,1)2L,75B
5,O2r,758
(Amount in Rs.)
As at 31.03.20121,416,766
l-4452!!
(Amount in Rs.)As at 31.03.2012
2,924,5642,924,550
t
PaEe 35 of 107
86
nL1
J2
t1
n)1
t
4l
s.)
t2
58
58
.s.)
2
'66t66
ls.)
112
rs.)
AC}TE RESOURCES LIMITED
& OTHER CURRENT LIABILITIES
PaticularsID6 Payable-\udir Fees PayableI-€al & Pro{essional ChargesExpenses PayableOther PayablesTotal
ANNI]AT, REPORT 2012.2013
As at 31.03.20137,132,748
,134,833
LA23737,692.273
(Amount in Rs.)As at 31.03.2012
5,405,582702,222
57,631
5340,971
trt0
;60
l3
l:
Ilfli;lF
9
E
:a
=
e€EE
= E ==€
Page 36 of 107
1C\IE RESOURCES LIMII'ED
IO. \O\.( URRLN r INVI'\ fMLN'I
Particulars\on-cxrrent Investment- at cost\-on-hade (Unquoted)lnr
".rmen1 x1 I ,,,;6 In.h uments ol 5ub.rrliar;p5/1rur l\gro l,vt. LtLl945 (985) equiry shares ofRs. 100 cach fulty paid upOjas Suppliers Limited5 8,11.q00.r<.U47 o00) pquiw.hare.
o1 p. ,0,.", nI uIv pard up
Total
AgSr.gdre .rinuLIrt ot I nquote(l lnv,.srmpn..,\Scrcgdt pro\ r.ion tor DimillUnon rt| \ rtue
11. DEFERRED TAX ASSET
PafiicularsDefened Tax Asset:Impd. t.j,lrt-rpllcc Letheen ta\,leprp..,"rion
"nd(ppre.id hon dm,,rhzd tjon . trargeJ tnr trndr " rdlruporting.
'I olal
12. LONC.TERM LOANS AND ADVANCES
Particulars
l":l- l*1":, rir.an. ine ", r;\ iry ,.{( u,e,r)L,'an5 rr.t aLl\ ancF to related r)arrn,\Other loars and ad\ an.esALlv.rn.e lor pur, h.r* nl propert\ rUnre!uredllotat
13. OTHER NON.CURRENT ASSETS
Particulars '
A(l\ ince Ia\ (Net or pr o\ rsrL,nrTotr I
14. CURRENT INVESTMENT
Particulars_[radc
Invesiment(quotcd)lnvesbnert in LrquiLt Mrtuat I1rn,,c
Escort Liquid FundJ M Money Manager FrrmlReliance Liquid FundUlI I_iquid FundHDIiC Real Estate Funcl
Total
ANNUAL REPO R'I 2(]r 2.20I3
(Amounr jn Rs-tAs rt 31.03.201i As it it.0l.2m;
29,550,000
64,829,997
90,379,99-1
90,379,991
29,550,000
6A,829,991
90,379,991
90,379,991
(Amounr ir Rs.r,\s at 31.0r.2013 As .r 3t.0J.20t2
329,A23
329.023
As at 31.03.2013
212.000_00r)
174,25A,000416.2s0,001
As at 31.03.201320,265,727
20,26s,727
As at 31.03.2013
11,050.r I81L0!!J.8
351,699
351.699
(Amounr in Rs.)As at 31.03.2012
S,,101,4-ll
134,300,00025,000,00(l
7t;4,701,431
(Amounr in Rs.)As at 31.03.2012
16,31U,076
76,3L8,076
(AInounr in Rs.)As at 31.03.2012
100,00u
100,000
100,000
100.000
14,549,15174249,4s1.
page 37 af XO7
--
ll
R"J012
,000
991
PL
t?,
Rs.)n12
,599
@9
R')n12
431l,000
l.000
a1!
RsJm12i,076
lw6
R"l2012
t000
[000|,000
,000tASt
L4s1
rC\IE RESOURCES LIMITED
Quoted InvestmentAggregate amount of lnvestmentAggregate market value of Inveshnent
Quoted InvestmentAggregate provision for Diminution in value
15. INVENTORIES
ParticularsStock-in tradeInlmov.jblp Properties5haresTotal
16. TRADE RECEIVABLES
ParticularsDebts outstanding {or a period exceeding six monthstrom tlle date they are due for PaymentsOther ReceivablesUnsecured considered goodToial
17. CASH AND BANK BALANCES
ParticulaisCash and Cash equivalentsBalances with banks:In Current AccountsCash nr HandDD in HandTotal
18. SHORT-TERM LO-1-r\S AND ADVANCES
ParticularsLoars arld advances under financing activity (Secured)
Loars and advance to related PartresLoans and advances to OthersUrsecuredOther Ioans ard advances
19. OTHER CURRENT ASSETS
ParticularsDividend Receivable A/clnteres t RcceivablePrepaid Erpenses.Total
ANNI]AI, REPORT 2012.2013
r,106,26511,-106,265
46,147
As at 31.03.2013
180,A69,447699,720
181,569,167
14,949,45714,949,151
As at 31.03.2013
(A]nount in Rs.)As at 31.03.2012
795,772,2851,1't6,577
196,888,852
(Amount in Rs.)As 6t 31.03.2012
- 1,050,000- 1.050,000
As at 31.03.2013
21,896,49t)199,473
22,095,963
As at 31.03.2013
106,98.1,314
75,000,000181,984,314
As at 31.03.2013
1,03998,53,231
(Amount in Rs.)
As at 31.03.2012
21,896,,190
199,473
22,0352!3
(Amount in Rs.)As at 31.03.2012
435,597,000
103,500,000539,197,OtN
(Amount in Rs.)As at 31.03.2012
50,27374,739,280
94,82874,284,38
Page 38 of 107
.\C\IE RESOLRCES LIMITEI)
20. REVENUE FROM OPERATIONS
Rerenue froln Sale of proPert-v
lnterest on LoansTotal
21. OTHDR INCOME
Pa icularsDividen.l In.o e
Profit on sale ofFired Asscts
Profit on sale of Shares
Misc In.ome
ANNI ]A I, RF,PORT 2OI2-20I3
22. CHANGE IN INVENTORIES OF STOCK-IN-TRADE
ParticularsOpening BalarceClosing BalanceTotal
23. EMPLOYEES BENEFIT EXPENSES
Parti.ularsSalaries and \\iagesSiaft Wclfare ExpenscsTotal
24, FINANCE COST
Particulars
Total
25. OTHER EXPENSES
Bank ChargesBusiness Promotion ElpenscsDiminution In value oflnventoryRates & T.lxe!lnsur.lncc Ol AssetsI-egal & I'rofessional ChargesN,Ianrtenance expcnsesBad Debtsluiscelaneous elpensesPaynrent to Auditor'sRentOther Repan & N'lainierrance ExPenset
Tclcphone and Il.:.tri.ity Fxp.'nses
l ravel hxpenscsVehi(leRunnhgExpenstsTotal
(Ajnount in Rs.)As at 31.03.2013 As at 31.03.2012
As at 31.03.201382,10,1,01E
175,f1.1,909
257.518.927
As it 31.03-2013
266,2312,057,270
268,707
1,088,025
1,010,966
4,685.248
As at 31.03.2013195,772,285180,869,147
14.902.838
As at 31.03.20137,003,720
3,2617,006,984
69,137,283
69,737,283
As at 31.03.201312,973
601,960416,457
457,27ti100,323
1,935,856
295,6621,050,000
408,22113,79,243
240,000
103,s00
83,675
7,5'12.796
(Arnount jn Rs.lAs at 31.03.2012
102,472,9t$t27,69,523230.O92,49t
(A ount in Rs)As at 31.03.2012
E06,7ll790,351
3,3q9
613,708
2,244.212
(,^.mount in Rs.)As at 31.03.2012
185,517,0,11
795,7722850.02,55.2M)
(Amount in Rs.)As at 31.03.2012
3,189,60014,328
3,503,928
59,aii3,56859,483.568
(Arnount in Rs.)As at 31.03.2012
24,71695,051
157,1731,568,903
735,377
589,7E2215,959
1,785,555609,483
2.10,000
)'19,97534,553
463,82271,979
6,434.728
Page 39 of 107
r013
n Rs.)129124,96819,525
12493
r Rs.)i.m126,751o3513,399
3,7084,212
r Rs.)20"12
7,0412,285
244\
LRs.)
2012
,600
'28t,928
Rs)2072
t56E1568
R')2m21,716
i05l1,173
t9o3;37782i,959
r555
t4&3
t0001975
,553
,822
,979
J28
r CONTICENT PROVISIONS AGAINST STANDARD ASSETS
{IIE RESOI]RCAS I,I MITF,I)
kti(-ulars
CNtingent Provision Again-st Standard Assets
Total
:'. EARNING PER SHARE
P.rti.ulars
:\eighted average number of equity shares useclas denominator for Basic/diluted earnings (Nos.)
\et Profit a{ter iax used as numerator (Amount nlRs.)
Basic/diluted eamtugs pcr Share (Amount ir1 Rs.)
1 Segment Revenue:
(a) NBI]C Business(b) Property Trading(c) othersTotal lncome
2 Segment Results:
(Pro{it before tax and interest from each segment)(a) NBFC Business(b) Property Trading(c) otnersTotal Profit B€fore Tar(
(Amount in Rs.)As at 31.03.2013 ,{s at 31.03.2012
48,820
48,820
ANNUAL RIPOR T' 2012-20r 3
As at 31.03.2013 As at 31.03.2012
28. Provision for retirement benefiLs have notbeen made under the relevant Acts, i.e. GratuityAct P.F. Act are not applicable to the company as compary has less thall the requirednumbel o[ employees.
29. Contingent Liability notprovided for Rs. Nii (Previous Year Rs. Nil)
3'0. [stimated amount o{ contracts remaining to b€ executed on capital account Rs. Nil(Irrevious Year Rs. Nil).
31. SEGMENT REPORTINGAccormnn8 Standard 17 on'SeSment Reporting' became applicable during the current year.Ihe Cornpany is engaged in Iinancing by *'ay oI ioans ard sale of property. I'he Conpanydoes not have any reportable geographic segment. The Itevenues, profit and assets from tllereportable blsiness segment in term- o{ Accounting Stardard lT on'Scgrnent Reporting'asnotified by the Cornpanies (Accounting Standards) Rulcs,2006 are as given belon:
(Amount in Rs.)
257,11,0{n
8r8,11,933
3.29
For the YearEnded 31stMarch 2013
175,174,909821,04,0184.685,248
98,520,918
4,645,24A125,628,258
2s7,U,0A0
704,26,'\89
2-74
For the YearEnd€d 31stMarch 2012727 ,6'19,5251l)2,472,968
2,214,272262,204,175 232,335,705
For the Year For the YearEnded 31st Ended 31stMarch 2013 March 2012
57,337,98817,237,527
2,241,212106,819,727
Page 40 of 107
{C\IE Rf SOURCES LINTITED
3 Capital Employed:
(Segment Assets-Segmenr Liabiliiies)(a) NBFC Business(b) Property Trading(c)Unallo{atedTotal kofit Before Tax
Key Managerial PersonnelSharad SalujaKuldcep Saluja
ANNLA.I, REPORI- 2012-20r3
For the Year For the yearEnded 31st Ended 31stMai.h 2013 March 2012
269,513,200 82,303,298't75,779,417 323,222,12i125,739,375 644,734,012570,972,021 1,,0s0.259,437
32. RELATED PARTY DISCLOSURESAs per AS'18 issued by the Institu te of Chartered ,Accountants of India, the following arerelated parties:
N,lanaging DircciorDirector & Relative of Mr. Slrrad Satuja
Subsidiary CompanyAtul Agro Pvt. LimitedOIAS Suppliers I-imited
Companies in which Key Managemenr personnel and Relatives of Key ManagerialPersonnel have.ontrolr
Nane of the CompanylSt'rrling Agro Industries Lrd.Narilyani t)ealers Pv1. Ltd.V. Nl. Estate I,vt. I-td.Kailashrvati tsuildcon Pvt. ] tdVinav PackaginS (lndia) Pvt. LhlKesar lJuildlrrs Pvi. Ltd.VIIS Estale Pvt. Ltd
The company has -ntered into the fo owing rcli:r-.C party transactions. cxch parhes andhansactions have been ilteniified as per Accounting Standard 18,,Relatect partv Disdosures,issued by the Institute ofCharrered Accountanls of tndia
R€lated PartvRelation Nature of Year ended
31.03.2013Year ended
31.03.2012
Sharad SalujaKey MiuagerialPersormel
,1,500,000 1l5,r)u0Loan repaid NIT 1,200,000Remuneration 6,00i1,000 2,7rlrl,uU0Interest Paid 24,572 NIL
Kuldeep Saluja Key lvlanagerial50,000 25,042,a1750,0U0 25,042,E17
Re-imbursemeni ofExpcrces 80,918
Atul Agro l'vi.Limited
Subsidiar],Company
L.an gi\ en 70,76,231 90,609Loan repaid 66,02,0h7lnterest lncome 686,045 618,664Loan l'aken q00,0n0
olASSuppliers
SubsirliaryCompany
40,965,000 337,600,050215,1:u,567 69,375,000
P.ge 41 of 107
I-1
1stj72
r93
t17)11
137
trnd
\( \I} RI'SOIJRCES LINIII'ED
]4, PAYMFNT I'O AUDITORS lEXCLUDI\C SERVICE TAX)
ParticularsStatutor) Audit Fees
Limited Itc!iew l;ecsT.r\ Ar.r.lit lrlts\lanagemerrt S.rvi.es
,\NNtiAt, REPORT 2012-2013
dJl.012 |!4u00
i,00lill]8lr1=l__l
-lI,oDl
-lr-"-l@
3:1.03.2013
600,000150,00{l75,0tlr:t
.1,.t5,000
Year ended31.03.2012
150,000150,0111)
50,0llr-)
.r.1,806,E50 1o,155 l8l
:,i I-td
Un.ler Contlolof Kc_v
Managerial
Loar i.rken l5LrlilO
Loan Rerra l,rlq
I11trresi Pnid 5r,1lq 39,663
\tri1ash'vaHSuil(tcon Pvt.
nl
Undcr Controlof KeyNlanagerial
.\rl \ arlLe alivrlrl 6,212,r,80
16,910,J97t,1ltq 176
5,361,E25
I-oan Repdid 11182itt 525,2N-
:terling -^grolndLrsliesLirnitc.l
Under (-ontrol
oi KclNIanagerl.tl
980,785,000
I-(J.rn Repaicl 980,785,000
3,'133,1tt0
Reni 240,000 216,001)
27,4U0,00u
\J \ ance Rcf.1rrl 1,,,.100,000
\ ina!fackagingilndia) lvi.Inl
Under Controlot K!:\Nlanageridl
31,553 5,000,000
'109,579
\arayaniDeal s I'\1.Lt.t.
Un.ier Controlol Ke\\lanaBeri.tl
10,3:r0,000
11,330,0i10
15,100,000
Lu,rn l(eprid 600,000
lnh'rcst Par(1 1,r.h1,5.r- r2,33,984
Kesar BldldctsP\1. Ltd
Un.ter Contrrnof Ke\lUanagcrial
3,+21,:169 82,300,000
3,.12.1,:169 82,300,000
3,1:11,914
33. BAI-ANCE OUTSTANDI\GAmount in Rs.
Name of the Company As at 31.03.2013 ,{s at 31.03.2012
Sharad Salrrja .r,5r5,000 15,000
,{tul gro I'\'t Linitcd P.r! il.lc .100,u0t)
5 101{IOIAS sq)lnicls Linitcd Par ablL, 1i.r t5|,511 3n8,225,050
Naravani Dealers I'vt. Lt.l 1.1,700,000
V I\4 Estatc Pli. Lt.l I'ar;L,lr Ish ol1 ,189,180
Kailashr nu Build.rjn Pvt. Li.t Pai rhk 5,r50,000
PaEe 42 ot 107
ACME RNSOURCtrS T,IMITIJD
Out of I'ocket Erpenses
ANNLAL RE PORT 2012-20I1
35. Sundry debtors and Loans and Advan es hare value on realization in the or.tinary courseof business at lcast equal to the amount atwhich they arc stated in thc financial si]temcnr.
36. Debit and Credit Balances outstanding in the accounls ofsome ofthe partics are srbject toconJirmation/reconciliation.
37. Amount due to Micro, Small and medium Enterprises.fhere are no Micro and Small Srale Rrrsners Entcrplscs to r1,hum the cornpan! oi\.csclues,!\ltch are outstanding for more than ,15 elays ar at t\frL.h r1n 20lt Ihrs mlormahon asrequired to bc disclosed under the Micro, Small antl l!{cclium Enlerprises Dcvelopment A(,2006 has bee deiermined ro the extent such parties have bL:cn idlenti{ied on the basis ofinJormation available with the company. Therefore, the prescribccl disclosures ior tiabilitv oaint.r/\t ono\crdu.pdrment hd\( no{ b.Hn gi\arr
38. Pr€vious year figuresFigures of the previous year have bcen reSrouped /rectassified rvherevcr consiclered necessarYlu.unfl m 'o, u , nl \pd,cl$liliLdh.,I
PI,^CE TNEWDELHIDAIED :25-05-2013
21,67 t
Ior an.l on behalJ of the Boar.l
sd- n1sh.rad s.tuja LutdtrP s.tujaNranagingDrecror t)irE.rorDIN-015116294 DIN-00289:187
As peronrRclortatra.h.dForT. R. Chndla & Co.CI]AI{TERED ACCOUNTANTSIirnr Regn No 06711N
Page 43 of 107
.,{ \IE R[SOU RCES I,II\IITED {N\L.\L REPORT 2OI2-20I3
lnncxure - II to the
Bnlnn(e sheet of i Non iit takins Non-Bankins Iinancial Co
.,-' ,"q.*..t i, ' t"rn,.*f paragraph ll t'l \(trl-Bank jn g Iiinancial (Non DePosit A"cPting or
Holding) ComPanics Pnrdeniirl \orms (llcscrvc B'uk) t)itcctions, 2{1071
Rs. in lakhs
Linbilities Side :
OutstandinL.-,-r*] *1.""."" ,,''ailed br the \BFC inclusivc oI
inler.st accrued thereon trut not Paid :
al Detr.ntures :
(other than ralllns nithql]g,Eg,"S,!I!!l{ !!I9!!!
Det'erred Crerlits
.1) lnter-corpor.lie loaff a!"t!9IUfI
Anlount ()utstandiAssets Side :
Ar*l -I' I",r,.,,,L\" " 'rrr','rir;l ll'". -ir.h 'tltt*. ttran those incl"Lled in i1) belol l:
(n) S€cured
R*,,k.* "{
L."*.|\seis ,rnJ sto.k,:'n hire ar1d othcr assets.ountinB i'n!ards AFC
n.tiviiies :
il t"*c assets,nclu,lin.l le.r<.' rcrlt.lis unLlcr sLx1.lrv dcbtors.
Ooeralins Lease
rr,r.'l,,rrl,,re n.l r.lu.- , .r 'r.tJ t'' r,.lr\ d r' '
(b)
ili) Other loans .ountxlg k-\. ard! \l C activilies
Loans H'herc assets ha\ e L'!r'n r.Possess.d
L0.1n< ,rther tharr ( rl aL'., i
Rreak uD of lnveshnenis :
Current Inl.estDc ts :
(.) Lrtrii
n) lL Lrerltrnrq rn!i Erndsiiil ll its of l{utualfun.lsiv) Govern li'ni Securities
i) Shares :
Pace 44 ol 1O7
AC\IE RESOURCES I,IMITED ANNUAI, RNPORl' 2OI2-20I3
(b) Pr.t.r(fre NII(ii) Debentures an.i Bonds NIL(iLi) Unrts ot Mutu.rl funds NIT(iv) Government S€curities NIL(v) Ottrers NILLong Term Inveshnent
Qr4,ted :
i) Share (a) Equity NII(b) Prelerence NII
ii) Debentures and Bonds NII(iii) Unii5 uf mutual funds NIL(iv) Crrvernnent SecuriLies NIL(\,) others NTT
unqlated(i) Shares (a) Fqrdt} NII
(b) PreIe,cr,,l NTT(ii) Debcntures ard Bonds NIL(ni) Un,ts or Mutual Iunds NIT,(iv) Covernment Sccurities NII-(\ ) oLhers 903 80
(5) Borrolver grogp wise classilication of asseis finirnced as in (2) and (3) aboveAmount (N€t of Drovisions)
Cat€gory Sel:ured Total1. Related Partics(a) Subsl,liaries NIT N]L NIT(b) Companies in the same erouo NIL NIT N.-IL(c)Other Lelated parh(s NTT NIL N]T2-Otlcr thar related partics 1,239.81 N]I, NILTotal NII, NIL NIT
(6)lnvestor group-\ ,ise classification oI all inveshrents (curent and iont tcrm)
Category
1. Relatc.l Parties(d) Subs,didri.s 903 ilO 903 80(b) Companies in the same sroup NIL NIL(c)Oiher relateJ Fdr rles NIT, NTT
2-QtslSariclltld parties 110.60 110.60TotaI 1,014.40 1014.40
(7) Othcr lntormation
( i ) Crors Non leriormr g \sseis(a) Related parties NII,(b) Othcr thar related p,rrrics NJI,( ii ) Nei Non-Perfolning Assets
(a) Rclated parties NII-(b) Odrc, thdn related partics NIL( iii ) Assets acquired in satisfaction of debt NI]
Page 45 of 107
L
I
LI
L
L
Ii
tIII
ILi0
il
II
ILIIll]I
\II
DIRECTOT{'S REPORT TO THE SHAREIIOLDERS
':nr Shareholders:\TUL AGRO PRIVAIE LIMITE[)
rr Direcbrs hdvc pleasure in Prcsenilng the 22nd Annu'lI llePort on the busurcss ar1el
-.rahons of the ComPany and ALrditeli -cLrtcment of Accoluts of the 'lompan)'
for the )'ear
-tr.l I lst \'{arch,2{1t3.
,.C \IE RESOURCES I,INIITEI)
: I\.{NCIAL RESULTS
.ial Trrrnovi'r
: :,riit tretore Depreciation
. ss: Defreciatior
:'.ierred Tax Asstt(Current)
..liusloreni lor Previorrs Year-tuvision f.rr Incorrc Tax
:i.t Profit dLrring th€ Iearlalance B/F irom last tear
-1ahn.e' C/o 10 Balarcc Sheet
I Fmployed thLoughotLi tlrc Finan.l.ll \'":r 'nd hur'than Rs 60,00,000/ p.a
Curreni Ycar:NilPrevious Year : Ni1
,\NNUAt- REPORl 2012-2011
(Rs. irl l.acs)
3.26
007
CLrrrent Year Previous Year
(Rs. h Lacs)
8.09
026
0.00 0 0l)
0.06
000
0.00
0.02
0.0.1
1 .71
0.24)
0.00
0.0n
0.u9
L62
1.75 t.7 t
GENIR ! BlvMrylLlrxrg ille \ear un.icr rir\ie\l th. i'!n*u\ has receivrd r'rntal h'onre of Its' 8'2il T&s Net
:rc,iit'has ean*:a during the \e.r i\ Rs \rtl6 La.s as innpareci to prevtu s 1'ear's tiguit'ol Its16 h(:s.Your t)ire.tors are quite h.Petul ior the bett'r r'sLrlt 111
'oming ) ear"
.{e!!IANe! !E DElaThc Co Pany has not acl:cPi..l an\ .teP('!]Ls (turirlg th' tcar under review'
II-II
PARTICULARS OF EMPLOYEE5
tn accordance $,lth th!' requrr.mcni\ .i se.hon 217(2]\) of the co Panies A(.L l95rr rend 1\iLll
rhe.o panies (Partirlrlars oa FmFlo\eesr ltules 1971 & hrnling partot the Dirc'tors Rcport
:or ihe Y€:ar ended 31./01,/2011 is .ls 1r'll.h s:
in receipi of Remuneration oa not less
ll Lmploye.l for Piri of Ye.lr & in rc.eiPt .'i Renrun'rntion of not lcss than lts' 5'00'00(r'- p tn'
Currcnt Year : NilPr.:\.ious Y.ar : Nil
{IT
Page 46 of 107
AC\IE RESOURCES LIMITED ANNUAL REPORT 2{)I2-20I3
t]ISCLOSURE OF PARTICULAITS !\'ITH R[SP[C,I'OF CONSERVAITON OF ENEITGYThe dctails as requiled by Compalies Lt)isctosure ui prrtr.utdrs rn Repurr of Board oiDirectors) Rules, 1988 Ior corlservarion or Enc,g) le.hnotogy AL,,,,pi,"n al]d ForeignLxchange earnirgs and outgo are as unclcr :
I. Conservation of energv :
There is no scope in the area of conscrvation of energv as vo11r company is not engaged jnlndusirial a.tivitv.II. Technolog]lqbsoryllqn :
No Researdt & Development work has becn_.arrie.{ out by the companv and the (ompany hasneither ent€'red into iinv technical foreign collaboration agrccment nor ieceivecr/importerl anrte.hnology lrun anv foreign organisarion.IlL loreign L\chrnge LaJ nines &Outqo :
(a) Iroreigrl Exchang€ Eamnrgs : Nil(b)Ioreign Erch;urge Outgo : Nil
prBEelo]llEsf Qt{qrllllTy SI4IE!4!NTIrursu.rnt to scciion 217(2AA) oI the Companjes ,{ct, 19;6 ihe Directors confir l lhar:
1. In presentation of the annuat accounrs, the applicable staldards tratl bcen toltow,erlaloig $,ith proper c\plaration relation to material dcpartures,
2. The Dircctors had setectcd su.h accounhng policies an.l apptie.i then consistentlv an.lmadejudgments and estimates thri are reJ!onabte antt prujent so a. t. sj". " ;.;:;;Jlair view of the state of afiairs of ,, our Comp.n\ ar ihe cnd or rhe hnan.ld year ana otthe profit ofyour Companv for ihat period;
3. Th.r Director had taken proper anrl sufiiclent .arc ior the rnaintcnan.e oI adequateaccounting records in accordance i\ iih the pro\islons oi this r\ct for sateguarcling theasscls of your Companv and for preienting and dete.tion frard" anci othcrirregularities;
4. '1'he Directors l-lad plePared the annual a(.ounjs on a going .oncern b.tsis.AUDITORS
Th( Audilors M/s Ii:tal, Vikrar & Asso.i.:es, Charr(,red ,\c.ountanG, Dc.f,i retire at ih.forthmming gencrai mecting an.l L,eing ptLgibte utier th€msetrpr tor ttr. rppornrrnerrt Att theconclLrsion olnext arlnual general rneetingAUDITOR'S REPORT
With r€ference to Auclitor,s remarks, dire.rors r\out.t like to stari, that notcs are setfe\planatory and there is no nctd to give anv turther remarksAPPRECIATION
We wish to placerrn record our dcr:,p and sincere aPpreciation for the contribution ma.le I)y thcworkers, sta[i and elecutives to the perfonnarr." oi tt,e Compuny.
tsY ORIJLR OF IHE BOARI) OI DIRECTOITS
Il
L-1-
Pla(]e: DELHI
Ilaled: 15/05/2013
sd/CHAIRN,IAN
Page 47 of loj
l0l tl
Jin
red
tn.ltoi
iheher
theth,"
hr
\IE RESOT]RCT]S I,I NI ITFT) A\NT AI, REPoRT 20I2-20I.3
lr:.iSn
::t&!!&!!4
' : \I.irbers of ATUL AGRO PRMTF LIMITF]I
: :rort On the Finallcial Statement
. :1d\e auLlitc.l the accompanling financial siatenr.nis of ATUL AcRO pRIVATE:\'ITED ("the Company"), ali.h comprise the Balan.e Shcer.ls.rt Nrar(h 31,2013, and rh.- .:..ment of lrofit and Loss and Cash Flo\! SiateDx]lrr for thc year thcn en(led, .lnd a sun1marv: jnificimt accounting policies and other e\plitnatory inJormation.
'.lanagement's Responsibirity for the Financial Starem€nts:
'.:.,ag.,n1ent is rcsponsible for the prcpar.liron of these finan.iat statcnlents that gile a truc.. -: lair \'nrw o1 the fxrancial posirion, financinl perlormance and cash flol\.s of the C.|rll.ar1\ rlr::.r (lance l!lth lhe Accountmg Stanll.rrds rcfcn€.1 to in sub-sc.iion (3C) of seciion 2l1 oI the:nrpanies Act, l95{r ("the,\.t ). This resporlsibltitv includes th.,!lesign, inrplementatjon an.tiinten.rrlce ol internal conhL, rele\ ant io ihe prcparatioi and fr.csenlation of ihe finnn.ial
-:rtemcnl5ihatgivcalnicanrli.rirriel\:rntiarek! iron,rr.rrerlat i,I\\lrtenxrrr. r,hethcr due
\udilor'\ Re.pon-ibilih :
-'ur responsibilitv is to expreis an r,Finion on these fin.ulcial statements Lrased on our.1u.lit.. . c .onducted our au(lit in a..ordan( e \ ith thc Standards on Auditing issued bY the tnstitnter (lhartered Acourtanis ot In.ilr thoso Stan(lards requir!, th.rt 1Le comph, wiih ethl..rl
::quirenents and lriul an(l fernr n the iurl r r obtair re.rs.n.rbfe ilr<ur. 1.; aLrout !\,hedn rir_Le firuncial stahr[enis.1re iree ir. r m.lien.1l rlrisstnh]meni.
in audit xlvolv.s periornling prLr..Llures nr obtain audit eviclence aboui the amounts an.t.iis.losrlres in thL: finiurcial staienn'nis Thc proceLtrres setccted dep.r.l Lnr rhc au.titor,sLrdgnrcnt, nlcluding the assessmeni or thc risks of nuieriat misst.rtcmcnt of the Iinancjal:tatem.nts, r'hethcr due to lralr.t or error. hr maknrg thosc sk asscssncnts, ttre audiror.onsidcrs internal conirol re-:\.ut t. ih. Compan\,r freparation and fan present.ltic- of thcainancial statements in order iL. J.stgn .rLLlit pro.cdures that are appropriatc ln thc:i.cumstan..s. tu1 audit also inllu,iF! 1,\ rtu.rrirg the a|)rL,prl.trr!\5 rr.i,,,,r;thg policiesxsecl an.1 dre rcas.rnablcness oa thr a.inontlrg estimntes ma.le 1,,,. marragcmcnt, as t as,.!.1lnahng the overall presentlti.n .a the tinarrinl sratcnlents.
Opinion
l|e bclicve that the audii evi.1.n.. \ ! |e\ I .bLrined is sufficient a..l approprtate io pro'iLlc ab.sis for our audit opxiolr.
ln our opinion and to the best oi our ur.i.i.rrion and accorting to the expla atilxls given ioLrs, thc finan.ial staternents givc the lnrornr.riirin reqLrired b],thc Act in rhe ;rilxler so rcquiredan.1 give a tme and fair !iew in conl.,rnlrr\ 1\ ith thr acoruliing principlcs generall! a.cept(l.I.d-.
a) in the case or the Balan.e Sh.,et, ,:,i rhe stat. of aftairs of the Companv as at March 31,2013;
P.Be 48 of 107
.\C]IE RESOURCES LIMITED AN^-UAL RtrPOR] 2012-2013
bi in the casc of the Profit and Loss Ac.ouni, oi thc profit/ Loss for the ycar en':ted on rhat
c) in the c.rse of ihe Cash Flow Statemetlt, of thc cash flows for the )ear ended on thal date'
Report on Other Legal and Regulatory Reqnirements:
(a) As required by tl]e ComPanjes (Auditor's l1cPort) Orcler,2003 ("thc Orcler") issued br'
the Cmtral Covernmeni ot lndia ir terms of sub-section (4A) of scction 227 of the Act'
we give in thc Annelure a statemerlt on thc matters spccified in paragraphs'f anrt 5 of
the Order.
(b) As required b), section 227(3) of the Act, 1{'c rtpori thatl
(i) \Ve havc obtaincd a1l thc infomration and cxPlanations 1\'hich to the best of our
krowl€dge and belief\,'ere necessary for the PurPosc of orr audit;
(ii) In our opinion proper books of account as required try law haYe b'cn kePt b-v the
Compan), so far as appears F-om our examinalion of those l)ooks;
(ill)rhe ilalance ShL:ct, Statcment of Profit and I-oss, and Cash I1o$'Statement dealt
r\.it11 b), this liePort are in agreement ilith tlle books of account
(iv)ln oui opiiion, the Balarce Sheet, Statement o' Profit ai'] Loss, arld Cash l:lo1\'
Statement cornply uith the Accounting Sianclards referrcd to h subsection (3C) of
scction 2l l of tlle Conparries ^ct,1956;(v) On tlle basis of i{'ritten representaiions r.cei\'ed from the directors as on Nlarch 31'
2013, and taken on re.ord bl the Boarci oi Directors, 'lone
of the dire'kJrs is
ctistlualifiecl as on Nlarch 31,2013, from being aPPonrted as a dircctor in lerms uf
clause (g) of sub-section (1) of section 271 oi the Companies Act, 1956
(vi)Shce th; CenLral Government has not issued anv roHfi"ltio]l as to the Iate 't rvhich
the ccss is to be paid under section l-11A of the Companies /\cl 1916 nor has itissucd ani, Rules under the said section, Pres.ribing the manner ir11 'hici1sli'h 'pqsis to be paid, no cess is clue ard payable bv the Companv'
Foflltittg on Opi,tiott Lll:]j'Reportitts ortFirur tinl Stotdllttlts
IoI PRATAP VIKRAM AND ASSOCIATISChartered A..ouniants
FRN.018387NPltce : DELHIDate: 1s/05/2013
VIKRAM KESARWANIPA It INIR
M.No.500354
Pase 49 of lO7
13 rC\tE RESOURCES LIMITED
,{-\NEXURI TO TI{E AUDII'ORS' REPORT
Rr4erred to in our Report oI even datel
1 (a) The Company has maintained proper recorcls showing full particulars includingqtantitative details and situation of fixed assels.
(b) Al1 the assets have been physically verifie.t bv the management during the year,
there is a regular programme of verification whjch, in our opinion, is reasonable
having regard to the size of the Company and the nature of its assets. No material
discrepancies were noticed on such veri{ication.
(c) No ctisposal of fixed assets of the Company has taken place during the 1,ear.
I (a) As explained to us, company doe$ nothold ally Inventories.
I (a) Ll our opinion and according to the in{ormation and explanation given to us, the
Company has laken secured or unsecured loan from the Companies, Firms or
other parhes covered in the registel maintained under section 301 of the
Cornpanies Act, 1956-
Derail o{ unsecured loan taken which are as follows:
ANNUAL REPORT 2OI2-20I3
re.
by
alt
of
&rc
31,
is
ich;it
No. o{ Parties
I
No. of Parties
1
Maximum Amount
(Rs.)
s9,85,229 /,
Maximum Amo nt
(Rs)
9,00,592/-
Year End Balance
(Rs.)
Nil/-
Year End Balancr
(Rs)
9,1)0,592/
Detail of r.ulsecured loan granted which are as follo!\.s:
(b) According to infomation & explanation given to us the mte of interest & othcrterms and conditions of secured/unsecured loans taken b), the company lrocompanies, 6rms or the other parties listed in the register maintaired u/s 301 olthe companies Act 1956 are p ma facie not prejudicial to the interest of the
company.
(c) Stipulations regarding repaymeni of principal amount & interest have not been
nade. However the re{ove es are regular & loans are repayable on demand as wehave been expl.Lined.
(i) There is overdue amount of loan of more tl-r;rn one lac, in our opnrion reasonable
st€ps have been taken by the company for recovery/payment of the prncipal and
interest.
l. The Company has adequate intemal conhol procedure commensurate with the size of tlleCompanl, and nature of its Business ('ith regard to purchase of stores, raw nratcrials
including components, plant and machinerv, equipment and oiher assets, and for sale ofgoods. We have not come across any major \^'eakness in internal control.
5. (a) In our opinion and according to the information and explanations gi\.en to us, the
hansactions that need to be entered into a registcr in pursuance of sechon 301 ofthe Companies
^ct,1956, have b€en so entered.
ln our opirion d accordinS to the information and explanations given to us, the
transactions made in pursuance oI contract or arrangements €'ntered in the register
maintained rulLler scction 301 o{ dle Companies Act, 1956 and eacecding rupees
five lakhs each have been made at prices, which are rcasonablc having rcgard to
prevailin8 market prices at the relevant time.Page 50 of 107
(b)
\C\IE RESOL RCES I,I}'IITEI) ANNUAL RliPOR t' 2012-2013
!r ]n our opinion and according io thl: information and exPlarlitions given to us' the
Company has not accepted / nrvited ar)r dcPosits fallnlg within ihe Previeh o{ se'tion
ItjA / 58AA of the Companies Aci, l956 !{uring thc finan'jall'ear'
; ln our opirion, thc Companv has lnternal Audit system commensurate with the size and
nature of its Business.
L As inlormed to us the Cenhal Govt' has not prescdbcd the maintenance of "rr re'ords
b], the ComPany under Section 209 (1) (d) or the Co panies Aci' 1956'
9. (a) Accordhg io the recorLls of the Company, thc ComPan)' is regular in depositing
with apPropriate authorilics undisputcd Statutory ducs including Provident Fund'
Invcstor Flducation Protecuon Fund, lrmPloyees State hsurancc' lncome l'ax' Sales
1ax, Wcalth l"ax, Custom Duty, Cass and other naterial sialutorY dues aPPli(atrle to
if(b) According to the infomraiiorl and
'xPlanations gilcn to us' no ur1'tisPuted amount
pal'able in respeci of In.onc Taa, Wealth Ta\, Sales Taa' Customs Dut) ' Ercise Duh
and Ccss !!ere in arrears, as ot 3lst lvlarch, 2013 for a pcriod oi more than six months
from the date theY became PaYable
(.) Ac.ording to the infornation and explanaiion given to Lts' thcre are no tlues of
Income Tar, Customs .1 ty, Wealth Tax, Lxcise duty and Cess (except Sales Tax)
slx.hl'd\e nor dcpo\:r'nonA' JLrnr oldn\ di'Prrr-
10. Thc Conpan) has no accumulated Iosses'
11. In cur oPinlon irnd according to the information and exPlanations Siven to us' ihe
Company has not defaulte.l in rePayment of d cs tlr iirancial Llrstituiions' Barks or
debenture holders.
12. 1r our opinion and according to the lntormatjon and cxPlanations ijivcn to us' ihc
Co mpaly has noi granted any loans ancl adv ance on ihe basis of scc uri$' b)' r rav o f ple d ge
oF sharcs, debcntures and other sccurihes'
13. In ou|rpinion, the Compan,v is not clit fLrnd or a 'rr'liri / Nlutrial benefit fund / Societv'
Therefore, the Provi-,ions of clause 4(\iii) of the Com.-rnies (Audrior's IicPori) Order' 200-t
are not applicabl€ to $e ComPanv.
1'1. In our opiniorr the Compan)'is not dealing in or tra'iing ln Shares' Sccurities' Deberltures
and other inlcstmerlls. Ac.ordingl\', the provrsions oi 'l'luse
a(aiv) of the ComPannrs
(Audild's Report) Order,2003 arc not apPlicablc to ihe ComPary
15. In oul opinion an.l according io the information ancl exPlanations given to us' the
Company has not Siven guar'antees for loans iaken b) othcrs from Bank or financial
institutions.
16 Thc Conpany has not taken anv term loan during thc vear therefore the question of its
aPPlicaiion for ihe purPose fur i{'hich the)' scre raised docs noi arise'
17. Accorlling to t]le inlormation;Ird expJanalions Siven to us and on an overall exnntination
of the Balarcc Sheet of thc Company, t'e report that the ro funds raised on short - tenn
bnsis htve been used for lorg.ier invcstrnent No long tcrm frmds have been used lLr
finance shori_t rm asscts ex.cPt Perinanent \\'orking CaPital
18. The Compan), has not ma.lc any prefercntial allotmenl of shtlres during ihe year to P'rJiies
and ComPanies covered in thc register maintaine'l under Section l0l of thc C'mt'rnies
Act,1956.
Page 51of 107
013
the
tion
and
ti"gnd,
uty
rths
.a,
the
the
i8c
-.ty.
003
the
:ial
its
ion
\C\IE RESOURCF]S I,IMTf I,]I) ANNUAI- REPORT 2012-20I3
:; The Cornpany has lrot issued any debenturcs during the )-ear ard thercfore the quesrion of.reating security in respect thereol does not arise.
:1 lte Company has not made any Public Issue du ng the year and th€refore the question ofdisclosing the end use of money does not arisc.
li According to the information and explanations given to us, based upon the audit
procedures performed and rcpresentahons ma.le b], the management, ]'\-e rcpori that no
fraud on or by the Company has been noticed or reporred during the course of our Audit.
Place : DELHIDate : 15/0s/2013
/o/ PRATAP VIKP-{M & ASSOCIATESChartered A..ountants
FRN.018387N
sd-VIKRAM KESARWANI
PARI'NERM.No.5U0354
Page 52 of 107
ANNU,A.I, RIPORT 2012-2OTI:\C\IE RESOURCES LIMITED
. ATUL AGRO PRIVATE LIMITED
In Rs.
ffivo.r/zorr 3a$/2u12R rl rn.p \hFFl i\al " __
EQUITY AND I-IABILITIESShareholders' fundsShare capitalReseNes and surPlus
Non-(urrent IiabilitieiLong-term borrowings
Current liabilitiesTrade payablesOther curent liabilitiesShcut-terln Provisions
ASSETSNon-current assets
Tangible assets
t)cferrcd tar assets (nct)
Long k]nn loans and advances
Cu ent assets
Cash and cash equivalentsOther c11rre''t assets
FoT ATUL AGRO PRIVATE LIMITED
a451253.23 6372689.23
In tcrms ol our attached rePorl of even d;1tc
For PRATr\| VIKRAM & ,{SSOCIATES
CHT\RTLItED ACCOUNIANTSFItN : 01t3387N
VIKIiAI\{ KFSARWANI(rrARTN!lR)M NO.:500354
1
2
100500.00175451.23
100500.00t71169.Li
275951.2J
rJ050000.00
277969.L1
5412431.00
45(t
6050000.00
54697.0068605.00
2000.00
5412,r31.00
615023.006,1866.00
8,100.00
125302.00 688289.00
M.51253.23 $726a9.23
5583699.00 558lb9q.tlo
5583699.000.00
900000.0{l
5583699.000.0t)
000
910
6.183699.00
r 959612.237942.4n
5583699.00
7aa990.23000
788990.23
II
RAVIN SALUIA(DII{EC.t',OR)
flacerDELIIIDate: 15/05/2013
VI\TEK KESARWANI(DIRECTOIT)
Page 53 of 107
rC\IE RESOURCES LIMITED ANNTJAL REPORT 2OI2-20I3r13
Ils.tLz
ATUL AGRO PRIVATE LIMITED
In Rs.
Sr-ement of Profit ard Loss {or the Not€
J$er incomeTotal Revenue
EapensesEmployee benefits expense
Other expensesTotal expenses
Profit beforc prior pe od items and taxPrior Period Items
Ta\ expeNe:Current taxDeferred tax
Profit (Loss) {or the period from continuing
Iax expense of discontinuing operahonsProfit/(loss) ftom Discontinuing oPerations (after'
tar)hofii (Loss) for the periodEamings per equity share:
BasicDiluted
FoT ATUL AGRO PRIVATE LIMITED
826442.00 809680 001l
00
23
.00
.00
123
t-00
1.23
L%
-12
1314
826442.00
108000.00692289.00
202,t1.00
809680.00
r08000 00
649864.0025520.00
820530_00 783384.00
.00
:00
-00
n0
zi
r.00
r.00
r.00
t.00
r.00
15
77
5912.0070.00
5982.000.00
2000.000.00
3982.00
0.00o {x)
3982.00
3.96000
?6296 00
(8762.00)17534.00
0.008400.00
0.009134.00
0.000.0t)
9134.00
9.090.00
VI\EK KESARWANI(DIRECIOR)
ln terms of our atta.hed report of even date
For PRATAI' VIKRAM & ASSOCIATES
CIIARTERED ACCOUNTANTSIrltN:018387N
-sd'
VIKRAM KESARWANI(I'AITTNER)M NO :500354
ITAVIN SALU)A(DIRECI'OR)
Place r DELIII
Datc : 1sl05/2013
Page 54 of 107
ACI\IE RESOURCES I,IMITED ANNU,\I, REPORT 20I2-2Ot'
ATUL AGRO PVT.I-TL)-...^'. ^;r
-:-, -. =ire*mrm rnn rrr n .\/rr AR FN DFD 31sT N,IAI{CH , 2013
i S4!E LI-S1y llArs -llqNIlonlfEYFAR
FNDED 3lsr NlAI{cH ' 2013
l vear lnded Year Ended
I o 1 .*n ,"*, ,-. ol'erarins a'ti\ rhes
3',r-03.2013 31.03.2012ll l-03.20-tl rLol zu l,a
(,r.lrrl.!\-,romJl'rdringa'li\rh" Rs R''
Ner (loss) / I'rofjt before taxation [ :)lrz-oo Izo:oa1)oil;ffiHJ;,'----'. 1.0.,,,,n 1,,+o,o+oo
"i.:l:iilJJ:1:ffi "rnrkinv,dr,,,.hdn!-- ""',i' o o:"1"0'o
Adiu.tments for:\LnLlr\ DPbrnr. - -.1 tz'glz oot 78'lll)o'ool,oans.rnd advan.es (assets)
r5b2 987'0Ll) 5'5+ ''8i 00Lrcrca' irl urren' li.rbtlitt.'
B.
1,2- 272 ll0 l.ruS 5+l lr0(l eltl rlrl ll7,1hl00)
768,990.0u
19,59,612.00 56,84,2'00%'ll'r.,1,,a .o.r'
",1,i,"r""ts at the end ofueriod I
FoT ATUL AGRO PRI\TATE LIMITED
In tcrms of our attached r'cPort of evcn date
Rrr PRl\TAI']VIKRAN1 & ASSOCIITES
CIlARTEIIED ACCOUNTANTSFRN ,018387N
rd_
VIKRr\N{ KLSARWANI(I'ARTNER)Nl NO. :50035'1
-r'.|r t"1, rdl.J lru|r op, rdri,,r,- h'fJr' L' | 2 /ttt)
l"\..t.ri,l &ln\ \o 'r::ti'-'- -l^]::9:ls"i"*f' r-* .p*"ing activities I t'zs':az oo 1 2e1'r83'00
Cash floi{s lrom investirg acri!'ities
T ons-term loans an.] advances
Net"Cash used in investing activities
Cash flows from financing activilies
Crsh D.ilt as hnrn.irt €^ pense5
Net (lash used in financing rctivitie<
Net increase in cash and (ash equivalents
Cash and cash equivalents at the beginning of
71,70,62200
(9,00,000.00)(9,00,000.00)
26,37,569.00(692,289.00)
(1915,280.00)
C-,
L
L
I
I
(485,211.00)
(649,s93.00)
0,11.1,80,1.00)
27,550 00
29,312.00
RAVIN SALUIA(DIRECTOIt)
Place : DLLIIIDate: 15/05/2013
VIVEK KESAII\'I,\NI(DIRECTOn)
Page 55 of 107
l-201-l , \It RESOT,R(]ES LINIII'ET)
: L )\ \c(.orr'-Nl5lQll]rLflill ! NDrD \lAlt(. tt 3112013
:.:re Capitnl
ANN L,\L REPORT 2OI2-20I.]
In Rs.
3-t/03/2o13 31/03/20L2tded012 r:rhorised
: ,l ()000) Lquit-v Sharcs of lts l{10,/- P.1r Valuc
.iued, Subsc bed. PaiduPI .rr (1005) Lquitv Shares 01 Its 100/- Par Val c Full,v
:.:1.lut)
500000 00 500000.t)t)
.00
100.r.l_10
500000.00
r00500.00
500000.00
r 00500 00
100500.00 100500.00
:rre Held bv Holdine Co:rriiculnr
i e It.,sources Ltd340013 12
985 985
00).1)(l
100rr0)
3.00
:..ldins Morc Than 5',r"
:.:rticular 3A03/201.3 '1, Heft 3403/2012 'li Held
:rre Resources I-td 9E5 98.01 98 01
letails Of Shares Foi I'receding
012 11
',rmbcr Of Iquitl Shares
: iughi Ba.k'.unrber Of Prefercirce Sh.rr.s
liumber oi Lquitv Share IssLre .ls
:.rnLrs Shareli nlber oI l'rcfcrence Share
-.sue as Eonus Share\umber d l:quiq'Shares-llotte(l lbr Co,ltracts \Vithoui1.1! meni lie.cived In Cash\umber of Prelermce Shar(irllotied |()r Contr.lcis \\ithouii.r'mefl Ite.cived Lr Clash
0 0
0{r)
' 00)
t.l_r0)
{t1l
00
0(l
i
Recon(ilatiot131./03/208 3A$/2072
\umber of Share at Thc Beginning\umber of Share at the end
1005 1005
1005 1005
I Reserve and Surplusln lts
Paticular 140]/2012P.ofit and Loss Clficlling\r o0nrTranskycLt From Siatcment of Ir&I
171469.233982 00
162335.21q l3-1.0(l
1.75451.23 171469.23
-i
Page 56 of 107
7754a1.23 1i-1469.23
\C\II RESOT RCES LI]IITED
I Long Term Boror!ings
ANNUAI, REPORT 2012-2(I-T
Pariicular 3V0l20rl
I .an .rn.t A.lvances From Rclate(t Parties
flircctorUnsccured Loan lrom Direct.,r
OiherUnsecured Loan From Corporirte
Oihers
Unsecured Loarr ironr Corporat€
5,50,000.00 r1000.1!l
0.00 5.10r1ri :
75,00,000.00
80,50,000.00 s412431.0
4 Trade PayablesIrr Rs
P-tt."l* r1i03lru13 3vo3lro12
Creditors Due othersSundry Credilors tor lxpenses 5.1697 00 615023 0
54697.00 615023.0
5 .)rh.r Cnlrent I i.biliricr1n Its.
Cunent niaturities oi l.ng ierm dclriCurr.nt mahuiiics oI firlanc. l.as! oLrigdti..s
Ta\ Pa!ablcTD5TDS P,\YABLE ( INTEREST )
000 0000.00 0.00
686115.0U 6.1.q61i 00
6S605J0 64S66,00
5 Short Term ProvisionsIn Its.
20r! 00 3100.00
2000.00 8400.00
\C]
,i L(
P*Loaln
9C
C-Ual
10
I"R.
11
N'
'1"
35,
1
;r,
I,
ng ,\,rj. i.6 inB
Hold0 0 1t 0
PaEe 57 of 107
.\CNTE RESOLRCES I,I\IITED
8 I ong term loans and adlances
ANN.. L,\L REPORI' 201 2-2013
In Rs.
3"1/03/2013 s7/0s/2012I-onns and advances to related partjesUnsecured ronsidcrcd good
Lonn to Corpor.rtc Sc.tor 900000.00 0.00
900000.00 0.00
9 Cash and cash equivalentsTn R.
Particular 3U03/201-3 3Yo3/2072l.lb9 Bt tl 710212 2l
,11t30.00 ;8758.005r0000.00 0.00
l!lil;0 00 0 00
1959612.23 788990.23
Cash on HandBalances With ll.rnks
Balance Scheduled Banls(-Lrrrcnt A.cour1l
Statc Bank L)i InJriIIDIC B.ul ral i]St.1te B.nk oa ln.li.i ,nq!\)
10 Othd .urrent assetsln lis
Parti.ular 3yo3/2o73 3L/03/20L2
lnterest llc.ci!aIreIterlt It..i.i\'.1blc
592.007350.00
0.00000
7942 t)O 0.00
ll Other in€omeTn Rs
P.rrticular 31/03/2013 3A$/2012
ltcrrt Rc.elvedlntcrcst Re.el\ e(t on LL.anInrerest on In.onre Ta\ lt.a nJ
825850 00 80751,i11l1l
592 00 U,UT)
0 00 2180 00
1126442.00 il0glitto.oo
12 Employee benefits expenseJn lts
Particular 3U03/2ot-3 3UO3/2012
Salar_v-, Wag,.:s & BonusSalarv r 0rJ000 00 108000 00
108000-00 10i1000.00
13 linal]ce costsIn Rs
Particular 3Y03/20L3 3A$/2072
690977 00 6.$rrri.100lntcrcst On LoanBank CharBes(lthcr Intcrcst Chargcs
1112.00l) 00
550.00
692289.00 549864.00
Page 58 of 107
I
I
-
\( \TE RESOT RCES LI}IITEI)
:J Other e\penses
ANNUAL RNPORT 2l}I2-20I.1
1n Rs.Parti.!lar
Staltire
':.lninistralive and Ceneral Expenses-tent Rates And taxesRaies and Taxes.\u(litors Remuneration
-\udit FcesClther Co suliancl, Fees
Othcr Administralive Gencral Lxpenses
1)l4r00.00
18540.00000
r 10100
1500.00
r2360.006180.005+80.00
2024'l.OO 25520.OO
15 Pdor Period items
ln RsParticular -. 31/03/2013 3y03/20.12r-rror refloLr r\ PensL\/\djustment Relating'l o Previous YedrTax e ect of prior period ite
(0.00)70.00
(8762.00)l)l)(l
16 Tax expense
In Iis.I'articularCurrent tarhovision Iior Incom. lir 2000.0u rJ400 00
2000_00 8400.00
17 Earnings per equirv share
In Rs
4)ti
i
s) II
i)
6)r
Particular q@413____!1t942!12Earnings Per ):r1ui!v ShareBasic
Basic EI'S Belorc Iixira Ordinary ItemNumber OI Sharcs nr Computing EPS
3.961005
9.091005
9.09 76.18Siilnifi.ant accounting policies andstatement annexed to these financial
pra.tices adopted bt the Company are .tisclosedstatements as r\rxlelure L
ir the
FoT ATUL AGRO PRIVATE LIMITEDIn terms d our nttachcd report oI evcn dateFor IrRA I'AP \/IKRAM & ASSOCIATESCHART]]RED ACCOUNTAN ISFRN : 018387N
7)M
RAVIN SAI,U]A(DTREC1',OR)
l'lace : DEl.HlDatc: lsl05/2013
VlVEK KESATT\TANI(DrriECroR)
VIKITANI KLSARIVANI(PARTNLR)Nf. NO : 500351
8) Pni)
ii
Page 59 of 107
.\C]NIE RISOURCIS LI}1I 'ID
.\NNl XU]tl-: r :
-\NNUAt, RF]PORT 2012-20I3
Stakrncnt Ol Si,",!ti6.ant A..ou tir@ b and loflnnr.., pll t1]Ithe tulan.hl st:krmcnts for thc !!B]l!td!!Llftq!2!ll
1) Basis of Ac.ountingihe comparrv prcparcs ils accounts on.lc.rual basis Lrnder histori.al cost convention on thcbasis of gor1rg conccrn anLl as per generalh ac.epted ac.ounting prnr.lpl.s ir lndia, thea(colur hnil sLnr d. rd s issucd b\. the IC,\l and the pro\, isions of lo mpanl cs A. t, 1 95t,
2) U.c of I\rinrdLe.In ihe prep.rahor-i ol flnancial statements rn.onformitv 1\ith gen€rallv.rcccpt..l accountingp rciflcs rc.luircs the nranagenent to make esiimates and ass rnption that efte(t thercportcd amounts ol assets .1nd li.lbiliiies on thc date oI ihe date of the financial statementsand the result of operail.rn durin:j the reporting peddls. ,{lthough these estinrates arebased upon rnaraguric ts knolrledge of .urrcnt crcnts and a.tion, a.tual result couldcliff.:r llonr thosc cshnlatls an.i re\ isions, ii any, are re.ognizd h the nlrreni and futurcperiods.
3) Fixed Assetsi liixe.t asscls are \ alucLl at.osi lcss dcpr(..ialiorii |i\e.l asscLs .rre \ ilu{.d ai .ost of acquisilion, co)lhaction inciu(lin8 .rttribLrtable cost ard
tcr.st anLl ilnan.ial ..sts hll such assets arc put to use.
iii Comp.u\.,:ioes noi.onsists of .x1)' depreciable .1ssets.
4) D€precintioni Dcprc.iation on il\ed asicts has bccn pro\,l.icd on \\'.I) V. l.asis at the rates prcscritrd
S.hcdule XI! oi thr.orrpanics (Anrcn.lin.nt) A.t, Ie88.ii Lcasc holll land is r1.rt .1nrortizc.l ovcr thc pcrio.l of lcasr
5) InventoriesBasis ofv.lluationi) Co'rp.ln! ,:toes not hold an\' invcntories.
6) Recognition of Income & ExpenditureItenE of ln.ome and e\pen.irturc are recognizc.l on ac.rual bdsis e\.epi 1,:,r ihelollow nrg, r hich are L.eing .i..ounied for oI1 cash b.lsis since rt ls r)ot |1,ssible ioasrcrtanr thc c\.r.t qLraritlrnr n ilh rcasonablc n.L ura(:v(i) Clai'n lodged \ 1th Insul?n.c a ornpnny/.Rall11.ly.(ii) lnt.rost,/.ommissr,,n dis.ourrt chargcd or pald t) sundr\ .lcbtors/.rcditors(iii)Va ous Go!t re!.,)u.(iv)Leavc en.ash'nent
7) Miscellaneous Exp€nditureExpenditure in.urred on or altcr 0l/0'l/2001 car no luliler be consido.cd as intangilrcassets, followinil thc d.,ii]]iti.rrs ..mtainc.l in AS 26 ol rntarlgible Ass!:ts issued bl lCAIard bcing i!ritten ofi irs ndjLlsiment r€1al€d to previous year
8) Provisiory'Contingent Liabilityi) Provision arc r€cogriir.rl rn th. a..ornts in respect of present prot'able obligntions, the
amount oI l\tich cab be reliabh measured.ii) alontxlgent liabilities arr disclosed 1r1 respe.t of possiHe obligdtions thai arise frorn fasL
events blrt their exisience is confirmed b) the oc.urren.c or on o.curren.e of ofc ornore unl:eri.lin future c\rnts not !\holh \\ithin the control olthL..onpanv.
Page 60 of 107
{C'\IE RESOL RCES LINIITED
c) TrxationI'ro!ision lor current in.onre t,rthe Income Tax r\.t. 196l
ANNUAL REPOR'I 2012-20I3
is rnade on ihe basis of the assessable income Un,ter
Dcferred incone tax on account of tirning.lii{ercnces bft\{een tarable inNmesaccounting incone for thc year is a.courted for bv applling the tax ratcs an(l la$s-nd(r",1.,r sub.r.,nri.rUy en \,u(l un rt,e L,"t,r,. -.t.,.1 | itpDefcrred tax asscis are recogrized based on principle ofprudence.Defcrred tax assfts are revie$'cd ai each balance shect.late.Defcrled tax asscts iue not recognized unless therc is virtual certainly tl-nt sufficienlfuturc titxable income will be avritablc r8,In5i \hr.h such Lleie ed rJ\ asset h,ill
10) Due To Mi.ro and Sm.Il Medium Enterpriscs'1'he company has not receiv€d any informathn lrom s ppliers regar.ting their statusunder ihe l\,Iicro, Small and Mediurn Enhrprises t)pvcl.pmeilr A.t 200b To ttle extcntinlormarion avirilable w,ith ihe corrrfi1L1\ the(.mprrr1 .toesr,,ronearrl ru1r inctudnrg'.1.re., r..lu . lloh, ds,l,*.durd,r I e. .i \. .
11) Realisable value of Current AssetsIn thc opinion of the Boatul, all assets other than Fircd assets and non .urr.niirvestmcnls have a realisable value in the ordinar!.course of bushess, r,hich is atleast,rt,.rl I rh, dnroU,r{ "l !\hr.htlr-) h,\,.-t rpLl
.)
hl
R.I
\1
Pt.D;
12) Earning l,er ShareBasic eaming pcr share is calculateLl bv difiding the nct profit/toss for the pcriodattribuiable to cqrity shareholders b1,thc \\eighted a\.crate nu ber ofcquih,sharesoulstanding dluing ihe pcriod. parttv faid equitl,sharcs are tr.L,ated as a tiaction oIeach equih share to thc cltent that tht\, \\.ere entitted to participahr in divi!{endsrelative io a fully paid equity share durjng rhe reporiing period.
13) Inpairment of AssetsN.Ianailement pcriodically asscsses using c\ternal sourccs rvhethcr there is an indicationthat an asset mav be impaired. lnpairment oc.urs r\terc the carryirg value exceeds iheprescnt value of future cash rlorv e. fertcrl to drjs. h u,n thc contrj urnS u<L oI t]1e asseisand its cventual disposal. The impairment toss to be exfensed is determined as thecrcess of thc carrring amount ovcr the tigher of thc assefs n€t sat. price or }rresenrvaluc as.letermined above.
B) NOTESContingent liability
1) Claims agninst the comlrany not acknolllcdged as debts(lurrent year r NilPrrvious vear I Nil
2) Eshmated amount ol coritracts remaining to Lre cxerutcd on .apiiat a.count an.l notprovided for:
Current )'ear : Nil
)
1)
Previous yea. NilSundrv Llebtors/Creditors/I-oan and Aclvan(es arc Subiect to Conlormation
Company have not urrderiaken any foreign currencv transacticD.
Pase 61of 107
ACNIE RESOURCES LIMITED ANNUAL RE PORT 2012-2013
5) Iielate.i party disclosures as required by AS - l8 issued by thc Institute oI CharteredAccountanls of India are under
List of Related Parties and their relationship:
Key Manage al Personnel:1. Sh.Ravin Saluja (Director)2. Sh.Vivek Kesarwani (Director)
Company is Subsidiary to Acme Resources Lt.l.
4
b)
c) Transaction wi& relale.l parh':1. Acme Resources Ltd.
lnterest Paid During The yearO/s Balance Ycar EndN{aximum O/s
Rs.6,86,045/-Rs. Nil/-Its.59,85,229l
fo,, PRATAP VIKRAM & ASSOCIATESChartered Accounranrs
FRN.018387N
/o/ ATUL AGRO PRIVATE LIMITED
RAVIN SALUJADIRECIOR
VIVEK KESAR\\ANIDIRECIOR
Place : DELI IIDate: 15/05/2013
VIKRAM KESARWANIPARTNER
NI.NO.5003s4
PaEe 62 of 1O7
,{C}IE RESOLRCES LI\TITI,]D ANNUAL REPOR'I' 2OI2-20I3
DIRECTOR'S ITEPOR'T' TO TIIE SIIAI{EIIOLDERS
Dear Shareholders:
OJ,\S SUPPLIERS LIMI"IED
Your Directors have pleasure in presentinS the 16th Annual Reporr on the business and
oper.rtions of the Companv and Audited Statcnlent of -.\ccolrnts oI thc Conpany 1or the ycar
en.:ied 31st March, 2013
fINANCiAL RFSI]I,'IS
1(
t.
Total Turnover
PrrJfi t Before Depreciation
Less: Depreciation
Protil for ihe year
Dcf .,rred Tar Asset(Current)
Adjustment lior Previous Year
Provision Ior Income Tax
Nct l'rofit during 0re year
'l ransfered io statutorv reserve
Balance tt/F from last year
Balarce C/O to l.:lance Sheei
CENERAL REVIEW
Current Year Prcvious Ycar
(Rs. in Lai:s)
1812.91
426.02
0.0u 0.00
5r 1.25
0.00
1.56
r66.00
3,16 81
,69.36
3r5.80
593.25
(Rs. n1 Lacs)
1605.05
5n.25
DII
Th(
Dir
Li.
r.e
Thc
hd
II. ]No
neit
ie(:h
III. ,
DIR
Purs
I
126.02
000
015
140.00
285.87
57.'t7
87.10
During the year under revie$., thc compan\.has achived nn income of tts. 1605.05 lacs.
Conlpany has earned a NetProfitoflts 51125 lacs durrng the lear as.ompare.i to previolrs
),ear s figure of Rs. 426.02 lacs Your Dirdors are quite hopeful tor the better resulrs nr cuming
ACCEPTANCE OF DEPOSITS
Thc Companv has not accept-..1 an) deposits (luring the ycar under re\.icu,.
PARTICULARS OT EMPI-OYEES
In a.cordance wiih thc requiremcnts of se.tion 217(2A)
ihe compitnies (Particulars of Lmployecs) ltules 1975 &
ior the Year cnded 3ll03/2013 is as follows:
of the companies Act, 1956 read l{.jth
forming l,ari oi the Dire(tor s lieport
Page 53 of 107
ACNIE RESoURCES LIMI'IOD ANNUAL RNPoR'I'20T2.2013
L lmployeli throughort the financial year and i4'ere in reccipt of rcmuneration of not less
than Rs. 60,00,i100/- p.a.
Current Year : Nil
Previous Year : Nil
Ii. Enployed for Part of]'ear & in receiPt ofremurerahon of not less than Rs' 5,00,000/- P'rn'
Current Year : Nil
Prcvious Year : Nil
DTSCLOSURE OF PARTICULARS INTIH RESPECT OF CONSERVATION OF ENERGY
'Ihc details as required bv ComPanies (Disclosure of particulars ln RePort of n':rd of
Directors) Rules, 1988 {or conservation of Ener8y, I cchnoloSy Absor},tion and Foreiiln
Erchange earnings and outgo are as under:
I. Conservation of enersv:
There is no scope in the arPa oi conservation of energy as vour' conrPany is not engaged in
lndustrial activit).
II. Te.hnologv absorption :
No ltcsearch & Dclelopment lLork has been carried olrt b)r the comPanY and the companv has
ncither enkrrcd into an1 technical foreign collaboratio agreemeni nor receivcd/imPorted any
p.r,lr. l^g) r.om Jnr l.rpron organ \uhnn
lll.Ioreign I\rhange farnines & Ot!l8o:
(a) Forelgr Erchange Eamin:js : Nil
(b) liorcign Exchange Out8o : Nil
DIRECTOR RESPONSIBTLITY STATEMENT
Iursuant to section 217(2A,{) of the ComPanies Act, 1956 the Dire.tors.onfirm that:
1. ln presentation of the arurual accounts, the applicable standards llad becn followed
along with proper explanahon relaiion to matcrial departures,
2. The Directors had selected such accounting Pollcies and aPplied then consistcntly and
ma.{e iudgnents and estimates that are re.lsonabic and ptudent so as to.give a tru. and
fair view of thc state of afiairs of your Company at the end ot ihe financial year and oI
thc profit of your CompanY for that period;
3. The Dircctors had taken ProPer and sufficient care for thc maintenance of adeqxate
a.counting records in accordance h'ith thc provisions of this Act for safeguarding the
assels o{ yoru Company and for preventing and detection Iraud and other
irre$larities,
Page 64 of 107
{C]IIE RESOURCES LIMITED
J The Directors had prepared
AUDITORS
ANNUAL REPORT 2012-2013
thc drmual -, ..unt: on a Sorng c, n, p ) b,r\r\
R(
CC
Prsi8
MrMa
Co,
staltof
the
th-"
T(The auditors M/s pratap Vikram & Associates, Chartered Accountants, Delhi retirc atrorthcoming general meeting and being eligible ofter themselves Ior the appoinhnent tiltconclusion of next anflual general meeting.
AUDITOR'S REPORT
with refarence to Auditor's remark-s, directors would likc to state that notes are serfexplanatory an.i there is no need to give any further remarks
APPRECIATION
we wish to place on record our deep and sincere appreciation for the contribution nade bv theh.,r-r,.\l.rtt rnde\.,utr\e\lolhr ferlormdn,_ot {h, (.nrprn\
BY ORD]JR OF THE BOARD OIDIRECIORS
Piace: DELHI
Dated: 25/05/2073
sd/-C]IA]RMAN
Our
of(reqlthe l
discjuag
finar
evah
OpinWebbasis
us, thand gin Ind
a)
b)
Page 65 of 107
E
ACME RESOURCES LIN{ITED ANNUAI, REPOR I 2OI2-20I3
Independent Audiror,s Report
To the Memb€rs of OIAS SUPPLIERS LTMITED
Report Onthe Financial StatementWe have audited rhe accompanying financial sratements ot OJAS SUppLIERS LIMITED (,,theCompany"), utich.omprise the Balance Sheet as at March 31,2013, and thc 5tatcment olProfit and Loss and Cash FIow Statement for the year then endttl, antl a sumrnarv (r1sitnificiht accounting policies and other exptanatory i ormation
Management's Responsibility for rhe Financial Statemenrs:Manatement is- r€sponsible for the preparation oI these Iinancial starements that grv€ a trueand fair vi.r, of the linancial position, financial pcrformance ancl cash Ilows of rhe Companv inaccordance with the AccountinS Standards referred to in sub_scction (3C) of section 211 of theCompanies Act, 1956 ("the Act,,). This responsibility nrclu.tcs thc desigr, implementation andmaintenancc of intcnur conrrol relevant to the preparation a.d prese"ntation of thc rinancialstatemcnts that give a true and Iair vier. and are free from rnatcrial rnisstatement,,\,hether due
Anditor's Responsibitity:our respo$ibility is to exprcss ar opinion on these firunciar statements based on our audit.We conducted oul audit in accordance wrih thc Standards ,,n ArLlrtjng rssucd Lr1 the InsiitutcoI Chartered Ac.ountants oI India. Those St.nLtar.t\ rcqu,re tt,ot
"'e .o;p; wfth edncalrequircmenls and pliu anll perfonn the audit to obtanr reas,rnablc assurancc about R.hctherthe financial statemenis are free iom mate al nlisstatement.
An audir involves perforndng procedures to obtain audit evidence ahout the amounls an.idisclosures jn the financial statements. I.he procedures setccteLl depend ,.,r, it," uuaitof"jlrdgment, in.luding the assessmeni of the r;ks of material misstat'eme^t ot,r," ti,,ur,.iutshttenrcnls, r,hether.iue to fraud or error. In making those risk asscssmenrs, the auditorconsi.iers internal control rclevant ro rhe (-ompanv,s picparation antl fair prcsenration of rhefinancial siatements ir order to (lesig ,rudrt proceLJures rhat are appropriate in thecrrcumstinces. An audii also nlcludes e\atuating rhe aff.ropriatenrss oi ac, uuntrng policiestsect anc{ L\r ieasonableness oI thc accounrir.; esrirnates nia.ie b\ r.,ndcernent, as 1,,c asp. dlJal rB lh.o\crd, p....nt"rionor thpf,nan.:dJ.t .t-nrFnl
()pinionWe bclieve that rhe audit evidence ile have obtaine.t is sufiicient an.t appropriate ro providc aLrasis for our audit opinion.
1n our opinion and to the best of our information and ac.or.ling io the exdanations grven tous,.tlrc financial staiemcnis give ihe inlormation required by the,Act in the iranfler:so rcquireaand givc a true and fair view in confornnh r ith tlie arc,
""h"8 p,,l.,Ft., j:;;ralrv accepteclin India:
a) in the case ofthe Balance Sheet, ofthe state of aflairs2013:
of the Companv as ar March 31,
b) h the case of the hofit and Loss Account, of the protir/ loss for the year cnded on thai
c) in the casc oI rhe Cash Flo$,,StatemenL ofthc cash flob,s for the year endc.l cxr rhat dare.
Page 65 of 107
I
\C\IE RESOLRCES I-INIITET)
Report on Other Legal and Regulatory Requirements:
ANNU,\L REPOR'I' 2()I2-20I3
la)As required by the Compani€s (Arditor's Report) Order,2003 (,,rhe Or.ler,,) issued byihe Central Governmcnt oI India nr terms oI sub section (iA) of secrion 27 of the Aci,r\e give in the ,{nnexure a statement on rhe rrattem specified in paragraphs ,t an.t 5 ofthe Or.lcr.
(b)As reqlircd by section 227(3) of the Act, l{,c report thar:
We have obiained all the informaiion and explan.rtions i{hich to the bcst of ourknowledgc and belieI n ere necessary Ior the purpose oI our audit,In our opinion proper books of account as required by lar\, have been kept b1,thcCompany so far as appears from or,u examination of those books
(iii) Thc Balance Shcct, Statement of Protir ard Loss, and Cash Floi{.Statemerlt dcalt rvithby this Itepori are in agreementwith the books ofaccount
(iv) h our opinion, fie Balance Sileer, Statemcnr of I,roIit anr.i Loss, anrl Castr FlowStatcrnent comply wlth the A.counting Standards refcned to in subsection (3C) ofsection 211 oI ihe Companies Act, t95ari
(v) ot1 the basis of $,ritlen rcpresentations re.eived arom thc .lirectors as on March 31,2013, and taken on record bi, the Board of Directors, none of the directors isdisqrialilied as on March 31, 2013, from being appohted as a director in terms otclause (g) o{sub-sectiorl (1) oi section 274 of ihe Compani.,s,{ct, I956.
(vi) Sincc th€ Central Govcrnment has not issued anv noiificarion as to the rate at ichthe cess is to be paid under section 441A of the Companies Aci, 1956 nor has it issuedany Rules un.ler ihe said section, prescribing the matu1er in which such cess is to bepaic{, no cess is clue and payable b}, ihe Compan\.
Fontiryi Otnlio,t anrl Reporting on Fi,tl:l citll Stat? lnls
T./ PRATAP VIKRAM AND ASSOCIATESChnrtcred Accountants
IRN.018387N
R(
I
(i)
(i')
Place : DELHIDate r 2sl05/2013 VIKRAM KESARWANI
PARTN EItM.No.500354
-1
Prge 67 of 107
,\cNtE RESOTJRCRS r.r ilrrr'lrD IN\L,\L REPORT 20I2-2OI]
ANNEXUItt TO TIII AUDITORS' REIqIJiI
Referred to in our I(€port of cven date:
1. (a) Thc Conrpanr has mainiained proper re.ords shoxin8 full pariiculars nrcludingquantitalive Llelails and situ.riion of tixed assets
(b) A1l thc lrssets ha!e b&rn ph\si.nllv verifleLl by thc nunntenicnt .luring thc ycar,
tliere is it regular progranme of lerificatlon i{,lrich, in our opinion, is reasonatrlehavi g regnrd to ih!'size oi ihe Cornpanl,an.t thc nature of its asscts No materialdiscrepancies $ ere n.,ti.ed on such verification.
(c) No disposal of fi\eLl asscts of the Clompany has taken place during thc !car.
(b)
(b)
(0
(d)
(.,)
G)
(.)
As e-iplaincd b us, thc Inlentorjes has been phvsicall,\, verified d ring the ve.rrbIrlr r.r.m.g"r , r,r ''1u,,ut ,,,,,, h. f,..1,r.r.. ulrerr.. i,,.i.rd-., Jhl,
in our opinion .rnJ accordint to ihe infonlation t d e\plan.rtion given to us, lh€procedure oi !.h\si.ai rcrification oi Inventories nrllor\ed b! the DlanaSern nt isreasonaL,le and a.tequate in relaho to the size of the Conpar), and th.'narure of its
In.JUr oFini.,n and a..ording to thc intonnahon and c\planaiion givcn to us, iheConlpan! h.ts nlnint.iined proper recorc{s oi its Inventorics. The .tiscrcpnnciesrllrticed on \ criai.ation between the phvsical sto.ks and thc book r€cords \.tre noir11aieri.ll
In our L.pjni.n anLl nccording to thc inloflration an(i e\planation 8iven to us, iheComp.1n.' has tak.n secured or unsecurcd loan tiorn thc Companies, Iirnr orother f.artxrs r:r:^ erecl rn the rcgistcr nrnint,rined undcr section :l0t ot theComp.lnies \.t, I c56. t)etail oI i{hich are as follolts:
No d P.rrties
l
Uaximum AmoL,nt
(F.sl
4-1,E8,71,503/-
Year End Balarce
(R')22,32',6]0a1,
.l
A.c.n(ling tL) iniormahon & expl,iratlon giverl to us the ratc ol inter€st & otherterms and (rincljtjons of securcd/i Unsccure,:l loans tak.n tr) thc ornpanv tronlcomp.n\ies, iirrns or the oiher p.lrties list.d in thc register nranrtained u/i s 301 oi the.ompanies \. t. I t) 16 are prnn a f.l.ie n ot preiudical io thc int€,resi of thc cornp.ln),.
Stipulations (Sa ing repayrnent (Jl |rin.ipal arnount & interest hav. not becnmade IIol\'cr'rr the re(o\eries arc r'rgular & lo,t11s arc repa)abtc on dernantl as rvehave been erphurL.cl
Thcre is over Liue amount oa lodn of morc tha. one 1ac, ir) our opirlion rcasonabtesteps hale been tak$r t\ the.ompanv for rccover),/pavmeni ol thc prjrlcipat and
The (-.Jnrpan\, has adequate int'rrnnl (ontr.rl procedurL. commensurnte lvith thc sizeol the Companl, an.i natur. ol its Business rLitl\ rlrgarrl to purchase of srorcs, ra\\rnaierials including .rmponolts? plant and ma.hincr\,, equipnrc)1t and othcr assers,and lor sale of goods. \\'!'hdle notl:orle a.ross anv major weakn€ss in intem.ll
PaCe 68 of 107
r
\(.}If RESOLRCES I,Ii\IITED ANNL,\L REPORI' 2OI2-20I3
ll1 our opinion nr1.l according to rhe inlormatim and exptanatiois gi\.en hr us, thetrnnsaciiorls that rrced io be entcr,.d irio a rcijisrer in p rsu,uce lJt section 301 dihc Companies Act,1956, have been so.1-]tere.i.
In our opinion and according to thc lnfonnation an(l explanatiorls givcrl to us, rhctransaclions made in prlsuan e of.ontract or arranijements .ntered in the registermaintained under section 301 (l1 ihe Conrp.uies Act, 1956 and !,xceeding rup€esfive lakhs each have bcen nade at prices, {fiich arc reason.rblc havnl8 regard roprcvailjnij narket prices at thc relevi i time.
(b)
l(
I
PIDr
6. h our opinion and according to the intirrmation and explanations given to us, tlleCinnpany has not a.cepted / invitcd .rn\, .leposits falling rvithn the previcw of Scction58r\ / 58AA ol thc Conpanies Act, 1956 .lLrring the ftlan ial vear
7 In oru opirion, thc Company has Intcrnal .,\udit system comnrorurate 1^rith {he sizcan(t na re oI its BLrsiness.
8. As inlormed to us the Clentral Covt. hns not prescribed the mninrenan.c oi cost re.ordsbv thc Companv un.icr Sectior 209 (l) (d) of the Companies A.t r956.
9. (a) According to the records of the Company, rhe Conlpanv is regular in deposirinBrvith appropr.iaie authorihcs undisputed Stahilor1 dues inctudlng I,roviiient limd,Investor ELfucation Proieciion Fund, ljmplovccs State Insurance, Inconle Tax. SalesTax, Wealth Tax, Custom Duiv, Cass and oiher inateriat statutorv dLres applicabte
(b) According to the information imd e\planations gil en to Lrs, no undisputcd amountpayabl. h respect of Incone Tax, \Vealth ln\, Salcs Ia\, Custons Dut\, Ex.iscDut_v and Cess rvere nt arrears, as oI31st \tarrh, 2{)t j lor a pcriod of mor e rhan sj\Dronths hom ihe datc they beca[re pavablt:
(.) Accoding to the inforniation and e\flanatron givcn io us, there arc no .tues oihconre Ta1, Custrxns duty, Wealih fa\, Er.ise duh,and Cess (e,xcept Sales T.rx)hfiich ha!e ro{ ri€Posited on Accout.rI anv disputc.
10. Thc Compa iy has no ac,ruml ated lc!-(cs.
11. In our opnion and ac(ording to the informnliorl and exptnnations given to us, rheCompanv has not defaultcd in repavment of dues to lnan.jat hriitutiorls, Banks ordcberllure holdcrs
12. In orJr opinion and ,ucording to the iniorn.ltion and crplirnations gi\en to us, theCompanv has not grante.l any loans and ndvanc. on th. basis of sccu ty by $av oflredge of shares, dcberiiui.es and other sccurihes.
13 ln our opinion, the CompanY is not chit fLrncl or a rrrrllll / Nfutual bencfit funli / Socieq,.iherefore, the provisions of clause 4(xiii) of the Companics (r\uditor,s tteport) Order,2003 are not applicablc to tl1€r Companv
1,t. ln our opinion, the Comp.rny is noi dealing in or trading in Shares, S€curities, Dcbenruresand othcr investme ts. ,,\.cordh8ly, thc provisions of.lause 1(xiv) of rhe Conpanies(Auditor's Report) Or.ler, 2003 arc not appli.abl€ to ihe Conlpanv.
15. In oul opinion and a..ording to the iniorrnatiol and cxplanations given to us, th.Conlpany has not given Bu.lrantccs for loarrs takcn bt, others fronr Bank or tinancialinstitutions.
16 lhe Companv has not taken anv term loan durinS the. \ear thcrefore thc question {)i irsapplicatiul for thc pulpose tor ivhich thei, r!ere raisd does not,rrise.
21
]
PaEe 69 of 107
17. According to th. inlormation and exptanations given ro us and on an overait cxamin.ltionof the Balance Sheer of the Conrpanv, $,e report that the no fun(ts raisd on short rernbasis havc been used for long_term investment. No long_tern Fun.ls have becn sed tc)fina]]ce short-tcrm assets except permanent workhS Capital.
18. 'Ihe Company has not nude anv prelereniiat alloimenr of sharr:s during the year toparties and Companics covered in the registcr maintaine.t undcr Section 3U1 of theCompanies Act, 1956.
19 The Company has noi issued any debeniures during the _r,.ear and therefbre the questionof creating securitv in respect thereof does not arise.
20. lhe Company has not made anv public Issue during rhe vear and thereforc the queshonof disclosing the end use of monev does not arise.
21. Accordrng to ihe inrormahon and e\planations given to us, bascd upon the auditprocedures perfonned and representations ma.ie by thc ma.agement, 1\,e report thai nofraud on or by the Companl has been nohr.Ll or rr,p,,r red rlu nij thr .olrr\c of our Audit.
ACNIE RESOURCES LINIIT}]I)
Place r DELHIDate : 25/05/2013
ANNUAL R.EPORT 2OI2-2OI]I
I!r PRATAP VIKRAM & ASSOCIATESChartered A(countants
FRN.018387N
VIKRAM KESARWANIPARTNI]R
l\1.No.500354
Page 70 of 107
Balance Sheet as at Note 3U03/201-3 3t/o3/20t2IQUITY AND LIABILITIESShareholders'fundsShare capitall{eser\,es and surplus
Non-.urrert liabilitiesT.ong Tcrm BolrowjngsOther i,ong term IiabiliticsLong-term provisions
Current liabiliti€sTrade l,a),ab1esShort I.rm I'rovisi{)ns
ASSETSNon-.urrent assets
T-ong-term loans and advanccs
Cur€nt assets
Cash .u1.1 cash equivalentsShort-krrm loans and advancesOther .urrc t assets
1
3
45
7
8
9
1011
1l
58486000 00,t05329903.55
58486000.00
.t63815903.55
23795493.0021575833.211720034.00
429134609 03
ttgzszz oa17091360 21
50587.00
1192522.04
1099100u0.0028678 00
10587 U0 1099.18678 0r
s10957850.76 540565809.0:
{{1650r i1.00 ,122657903 0r-l-12650i 13 00
21054000.00
18505'1 76
500000.00,16568253.00
422657903.00
9.742721089.24500000.00
26373008 00
i .307307 76 't179079:.a.01
510957850.76 540565809_03
lC\IT] RFSOI R'ES I,I\IITF,T) ANNUAl, REPORI' 20I2-20I3
OJAS SU PPLIERS LIMITEDIn Its.
Pl
E)
CtIrrC]
FiL)
T(
RI
oTt
Pr
E)PrPr
Ia
PropIrr'la
Pitar
Inl
alltRl
V]J.
(PrN,I
Dal
In terms ofour atta.hed rcport ofcvcn datcFoT PRATAP VIKRANl AND ASSOCIATESCHAit'I ERED ACCOUNIANISFRN : 018387N
VIKITA]\,1 KESAR\'VANI(I'AIiTNER)M. NO. : 50035.1
Place : DET.III
Date : 2al0s/2011
l:or OIAS SUPI'l.lllRs I IN,ITTFD
KULDEEP SAI,U]A(DTRECTCIu)
RAVIN SAT-U]A(DIRICTOR)
Paee 71af 1O7
ACMf RESoURCES LI NIIl'EI) ANNL,AL REPORT 2OI2-2OI]1
OIAS SUPPLIERS LIMITFT)
Ir tcrns of our atta.hed Ieport oI -p\ en datefor fItA IAP ! iKRANI A \ D A_qSOCtATL5( HAI(IERID ACC()U^" I A\TSl,ttN 0t6187N
,{\IKItAM KESARl,VANI
(PARTNIR)M NO :s{10354
Place : DEI_I tlDite : 25/05/2013
For OIAS SUPPI.lE1t5 LIIUITFr)
KULDI,EP SALUJA
(IIRECIOR)
]tAYII\I5.\r tjlr\(r)ntECroR)
Paee 72 of r.O7
-I
Statement of Profit and Loss for th€ year ended
Revenu. arom operatioruOther incomeTotal Revenue
Expensest of materials consunledchases of Stock-in- I rade
Clhangcs in inventories of finished goodswork-in-frogrcss and Siock,in I radeEmpl.ryee berefi6 e\pcnse
fr. r, l , tor^ -. trd. ..rir,. ^ .,nJ I ." lr r o.i r,.Fr-
ExiraoiLlinart lten1sProfit before prior perioJ iiems an.i tax1'rior Period items
Doferred tn\rofit (Loss) tor thr pen.d tron.onhnuinil
I\ofit/(loss) h om dis.$h.uir1g operationsTax exporse of .lisconrinuing LrpcraiionsProIii/ (loss) from Dis.ontmuing operation-s (af tertu1)Prolit (Ll.,ss) for ihe pcrio.iEarnings pcr e.tuiiv share
llasicDiiuted
I lJ'l293ttn 3
160505387.79
t 7259799.13
96000.00r0t965..1.11:l i365 70
0.
41789000
184368370.3
1611ar2250 26(2115933s 13)
72000 003063.00
488157 ?r109380130.27
5t t2525/-.
1)0{l5r125257s2
r56037.051281291.
16600000 00
0.i10
3468129,1 5
3.168129,152
42602235 03
0 0{).12602235.03
1.1957.00
42587278.03
r.1000000 00
2rJ587278
285E717E 03
{C\IE RESOLRCES I,IMITED ANNTIAI, REPORT 2012-2OI]
NO'AS SU PP],I[RS LIMITED
Cash FIow Stat€ment for the ear ended 31st March , 2013
A. Cash flows hom operaiing activiLies
Year Ended31.03.2013
Rs.
Year Ended31.03.2012
Rs.
RAV]N SAI-U]A(DIRECTOIT)
HtlP,
EI
Re
Pa
N.
I-er
otl
Opcrating profit before working capital changes
Net (loss)/Prolit belore taxationAdiustments for :
Financial ExpensesContingent Provision agai nst statndard assets
Exccss Provision writtcn backPreliminary expcnses written off
Adjustments lor :
Suridry ilebtorcInventoriesOfier Curent Assetsloans and advances (asscts)Increase in current Iiabiliiies
Cash generat€d {rom operations before tar'l axes I'aid & IlovisionNet cash from operating activities
Cash flows from investing activitiesLoans and advances givenNet Cash used in investing activities
Cash flows fro,n financing activities
Cash paicl as final]cial expensesNet Cash used in financing activities
Cash and .ash e uivalents at the end of iod
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning ofperiod
51,125,258.00
103,965.00100,502.00
13 000 00
51,3.+2,725.00
(25,36,044.00)
27,21,089.00
1,85,045.00
67 ,259,799 .00)(20,208,215.00)
009,888,091.00)
(11,,193,812 00)
0 6,316,953 00)
127 ,810,765.00)
(i9,992,6.+0.00)(19,992,640.00)
(.15,371,326.00)
(103,e65.00)
\45,267 ,361.00)
S}
E
1n r, rn . .t uLr dar. heJ rFporl of e\ -n Jdl.I ur I'l(A, A^ \ IhRAM AND A))OLlAlt>CHA]t I IJ]iID ACCOUNTANTSFRN ] O183B7N
VIKRAM KLSAITIVANI(i,Anl'NER)I\4. NO. 500354Place : DELIIIDate : 25105/2013
FoI OTAS SIJI,PT TFRS T,TN1ITFD
KUI-DELP SALU]A(DTRLCt',OR)
DeFirlP;It"
',ls-/x,I
lR*lNuls",I
lNullss11ru,,
hrr,lp,,lN,lA lL
lo",
Page 73 of 107
t,642,235 .03
3,063.00410,957.00
13,000.0043,059,255.03
59,1)52,219.31)
(21,1s9,335.13)(26,3,12008.00)
(67,150.00)
109,924,339.00)
165,362,350.20(13,646,r 95.00)151,716,155.20
(r49,536,417.00)(3,063.00)
(149,539180 00)
21,7 6,675 ,00
544,474.OO
2,721,089.20
ACNIE RESOURCES I,IMITED
Details Of Shares For Precediflg
ANNI],\I, RIiPOR'I' 2OI2-20I3
NOTES ON ACCOUNT'S FORTHE YEAR ENDED MAITCH 31.2013
1 Share Capitall{s
Particular 3u03/2013 3UO3/2012
Authorised5950000 (5950000) Equit), Shares of Rs. 10/- Par ValLre
Issued,Subscribed,Paidup5848600 (5818600) Equih Shares ofRs.10/- Par Value Fu1ly
Paidup
59500000 00 59500000 00
59500000.00
58486000 00
59500000.00
58486000 00
58486000.00 58486000.00
Share Held bv Holdine Co.Particular 37/O3/2013 3A$/2072ACN,lIJ ]iI,SOURCES LTD 58,1790( 5ri4790(
584790( 584790t
Ho1$ti/2013 "l) HeId 31/O3/2O1) ,,/, H€Id
ACMIl RFSOURCES LTD 5ti17900 584790(
Re.on.iliation3U03/2013 23
Number of Shares at the begiming
T-ess: Bought BackOthersNu,r:ber ofShar.'s at the en.
58486000
0
0
58,t8600
0
0
0
58{i6000
58486000
00
5848600
584860000
0
0
3A$/20'l 31/O3/2012 3U03/2011 3U03/2010 3U03/2009
Nunber Of FqL1itl. Shares
Eought BackNunbel Of Prefercnce Shareslie(.d.cmedNumber of Eq ity Share Issue as
Bonus SharcNumber of Preference ShareIssue as Bonus ShareNumbcr of F.quity SharesAllotted |or Conbacts WithoutPaymeni Received ln CashNumber of Prefer€nce SharesAllotted For Contracts WithoutPavment Received ln Cash
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Paee 74 of 107
In Rs
3AO3/2013 3U03/2012General Resewe - OpenjngAdditionDeduction
Statutory Reserve Fund - OpeningAddition
Securities Premium Opening
Profit and Loss OpeningAmount Transfered From Statement of P&LAmount Transfered From Sunddes
Appropriation and AlocationStatutory Reserve
481342.000.000.00
481342 0r0.0t00f
481342.00
88'17772.00
6936259.000.00
4ft't 342-0,(
3100316.0(57'17456.0(
0.0t15754031.00
329769000.00
8877772.U
329769000.0r:
329769000.00
31580495.033168't294.52
3297690tn.OO
{in0673.0028587278.03
o.o0
6936259.00
0.00
5777456.O0
t6936259.001 (57'17456.Olt
5932553055 31580495-03
405329903.55 370648609.03
ACME RESOURCES LIMITBD
2 Reserve and Suiplus
NNUA.I, REPORT 2OI2.2OI3
{
1
8
iC
9
IE
E1t
11
Other
kovisions
Page 75 of 107
bilitie
5L
J Lons lerm ttParticular 31/03/20L3 31103120'12
Term LoanOthers
UnseculedRui;e
Unsecured I-oans frofi Corporatc Sectors 23795493.04 00c23795493.OO 0.00
Particular 3AO3/2Or3 31103/201-2
Trade Payablesothcrs
Sundry Creditors 27575833.21 0 0(l
21575433.21 0.00
3403/2013 suo3/20L2Tax Provision
CurrentTaxContingencies
495771.1)0
1224263.0t)368761.0C
1123767.0C
7720034.OC 1492522.O4
AC}IE RESOURCES LIMITED ANNUAL REPORT 2iII2-20I.]6 Trade I,avabl
Page 76 of 107
In
3A$/20-13 31/03/2012Creditors Due othcrsSundry Crcditors
0.00 109910000.000.0( 109910000.00
7 Other Current Liabilities
Other pavablesOther Currcnt Liabrlities
Duties & Taresl'DS Payable on Int€rresr
,15532.00
5055 00
E Long{erm loans .nd adva.ceslPJrticular
Unsecured consmered goodA.lvanc€r Agt Capitat Goods
Loans ai.l advanccs ro related parhesUnsecured considered good
A(m. Resources LrdI-oar1s and adva ces io others
Unsc.urcd.onsidered goodOther
3U03/20'13 3U03/2012
92500000 00
1838505'13.00
166300000.00
U.UO
388225050 00
34432853 00442650543.00 422657903.0(
9Inventories
Particular Rss1/o3/20'13 31/03/2012
21054000.00 88313799.1321054000_00 88313799.13
10 Trade receivab!-s
In Rs.
Unsecurcd considered goodIVithin Six tvlonths
Ivithm six monthsFxceeditlg Six Months
More than si1 months
3U03/2013 31/03/2012
{l 00
000
00
97A0.00 9.71
1l Cash ard cash equivalents
Particular( rlh h lldndBalnr.es lvith Bant s
Balance S.hed t-.d BanksCurent Account
Canara bank (Kolkatta)Canara bank (Chandni Chorrk)State Bank of tntlia
nRslv0 v2013 saB/20L2
lr ll9 99
9257 7760785 0073692 AO
138311) 99
2509570.21
60785 0012411A0
185054.76 2721089.2C
-
ln Its.Particular 31/O3/2O13 3UO3/20L2
Loals artd advances to oihersUnse(ured cons ered good
Other 500000 00 500000 00
500000_00 500000.0t
AC]IE RISOLRCES I,I}IITED
12 Shorr+enn loins.nd .dvan.es
ANNUAI, REPORT 2OT2-2013
r
1l
1!
E
2(
13 Other current assets
14 Revenue flom operations
15 Other income
15 Prr.hases of Sto.k-in-Trade
17 Ch.ngcs in inventories of finished goods, work-in-progress and Stock-in-Trade
21
lP;
tPaEe 7'1 al LOl
In Rs
Particular 3t/0!2013 3t/o1/2Ot2
Preliminary expenses r3000.00.1655,1698.00
555 00
26000.00
263.16'153 00555 00
46568253.0t 26373008.00
ln lts.s1/0s/2013 31/0s/2012
Iraded GoodsSal. of Shar.s
Other Operating lte\.enuesInierest Re.ic!cd
'109069166.7!
51,t36221 0i
14362.1308.37
,10669562 0l160505387.79 184293870.3i
ln It.lt/01/2013 3't/03/20't2
Excess provision written ba.k 0000 (xl
00074500 00
0.00 7451-'0.00
In ItsParticular 37/O3/2O'l 37/03/2072Stock in Tradc
Purchase of SharesPur.hase of Prop.tty
20735000.0i2105,1000.0t
16236250 26
0.00
41789000.0t 162362250.26
In Rs
3tll]312013 3AD3/2O1t
OpeningStock in t rn.le
ClosingSto.k in t rade
In.reasq/Decrease
88313799.13 6775]'.]-6,]- At
88313799.13
21054000 00
67154464.00
883r3799 r321054000.00
67259799 13
88313799.13
(2r]5e335.13)
67259799.13 {21159335.11)
I
ACME RESOURCES LINIITED ANN.UAL REPORT 201 2-2OI ]
Pirticular 31/O3/2013 lAB/2012Stock in Tradc
QudeL{ secu tiesUnquoted SecuritiesMutual tultd
40776799.7347537000.00
(2105'1000.00)
12781364.87(33943700.00)
0.00
67259799-13 (21159335.13)
18 Employee benefits expense
20 Other expenses
2l Prior Period items
In lis.3U0312073 3UO3/21)12
Salary, Wag€s & BonusSalary 96000.00 72000.00
96000.00 72000.00
In Rs.
Particular 3UO3/201s 311O3/20'12
Intcrest ExpensesInterest Paid on LoansBank Charges
50548.0C
53417.440.00
3053.00
10396.5.44 3063.00
ln lts.Particular 3U03/20L3 3UO3/20'12
Administrative and General hxpensesAuditois Ilemuneration
Audit Fees
Legal Professionai ChargesCustodial Fecs
Regrsh-ation Filing Fees
Other Administrative Ceneral ExpensesPostage & CourierPrinring al1d Siarionerr"Profit & loss on Sale ofshares[,{isc cxpenscsShort & Excess
Provision ConthgenciesOther Excess Provisions Written back
Write off Assets and LiabilitiesSundr), Expenses Written Off
Preliminarv Expcnscs lvriu:enoff
16854.
0.
0.
1000.
0.0.
0.
0.
9.
1005020.
0r:
OL
0t0t
0r:
0t0i0i7t
0t0f
13000 0t
14339.001250.005083.779500.00
1190 00
1560.002.14
1275.000.00
440957 000.00
I3000 00
444157.21 488157.21
In Rs.
Particulai 3403/2073 3AO3/2012Prior Period Exlrenses
Adjustment Related To Previous Years ( 156037.00) (149s7.00)(156037.001 (14957.00)
Page 78 of 107
In Rs.
Particular 3AO3/201.3 3V03/2012
CurrenttaxProvision For Tax 16600000.0t 14000000.00
16600000.0t 14000000.00
.{CVE RESOURCES LIMITED
22 Tax ev+ense
23 Earnings per equity share
ANNI],{I, REPORT 20I2-2013
FoT OJAS SUPPLIERS I-IMITEDIn tems of our attached report of even dateFoI PRATAP VIKRAM AND ASSOCIATESCHARTERED ACCOUNTANTSFRN : 018387N
VIKRAM KESARWANI(PARTNtsR)M. NO. : 5085a
Place : DELHI
Date | 25/A5/20'13
KULDE]]P SALUJA(DTRECTOR)
R.,\VIN SALUJA(DIRECTOR)
Page7g ot XOl
h1Rs.31/D3/2D13 3U0312012
Earnings Per Equity ShareBasic
Basic EPS Before Extra Ordinary ltemNumber Of Share Used in Computhg ELS
BasicWeighted Average Number of shares
Nrrmber of Shares for basic EI€ calculation
5.93
5848600.00
5848600.00
4.89
5848600.00
5846500.00
T
4f[
1)
2)
3)
4)
5)
5)
AC}IE RESOLRCES I,INIII'ED ANNU,\L REPORl' 2OI2-2013
ANNEXURE - I: Siatement Of SiBnittant .\rcountinB Policies and Irlnlt4e! 14qrclcll !afonninq ptrl a!lltsl!u4!t! e vear enrted 31-03-201i)
1) Basis of A€counting
'lhe rornpanY prcpiircs iLs a.colrnLs on a.crual basis undl]r hisiorical cosi convention on thcbasis of going co cern and as per generally accepted accou tirlg prnrciples h India, thcaccouniing standards issued b\ ihe ICAI and the pr.J|isiorrs oI conpanies ,{ct, 1956.
2) Use of Estimates
In thc prcparation oF finan.ial staienents in .onJornity s iih generallv ac.cptell a(countingprinciples re.luires ihe managerneni to m.rkc r:stinratcs an.t assumptiorl that eflcct lhereported amoLrnts of asset5 .tnd liabilitjes on the !late oi thlr (late ,rf the financial statem€nis
and the r.sult oi op.rahon during L\e reportin8 perio(ts. Although ihese estimak's are
bascd upon managements knol\ledge o{ rurrent e\enis an(l a.tion,.l.lual result coulddiffer frorn those esixnates and revisions, if an\, are recojlizeLt rn thc .Lrrrrrli and futureperiods.
3) Fixed Ass€ts
i Conpan), does not.iny Fixed Asseis.
4) Depreciation
i Conil)airy docs not.nv Irired Assets
ii Lease hold land is not amortized o\.er the period ofleasc
5) Inveshnents
Investmcnts arc classifi.d into Current Inlestmcnts and non.urrc t/Long Termh\,cshrents.
Current Investments are value.i at lower of cost or fair markct value on categorv w,ise
basis. Non rurrent/Lon8 Term Investments are valuc.l aL cost less per ranentdiminufion, jl anv, on scrip wise basis. Provision for rerluction/dnrnlution in the !alLi!:ol In!esh-nenls an.l reversal oI such rerluction/ (limimrtion arc included in the Proiit &l.oss A(coru1t.
On the assets side, inveshnents are shoh.n at .ost. The dnninutio,r/.1..p,(riatiu s
sho!\11 correspondinglv und.r thc hcad "l'rovisions" h thc liabilities side in th.tsalance Sheet H'ithout sho\..ing it as .lc.lu.tion from the value of lrrvcstments. Cost ofinvestmenLs is computc.l sifg the IVcighte.l Average N{ethod.
6) lnventories
llasis of valuaiion
i) Siock h Tr.rde at .ost or not r'ralizablc valucs whichcver is lorver as c.rtified bv thenmnagement of thc companv.
Page 80 of 107
ACME RIlSOURCES LIMITED
7) Recognftion ol Income & Expenditure
AI\NUAL REPORT 2012-2013
8)
Items of Income and expenditurc are rccognized or accrual ba-sis clccpt for thefollowin& which are being accounted for. on cash basis since it is not possible toasce ain the exact quanfum with reasonable accuncy.
(i) Ciaim lodged with kEurance Company/R.LilR.ay.(1i) Interest/commission/discount charged or paid to sundry debtors/crediiom.(iii)Various Govt. revenue.(iv)Leave encashment.
Segment Reporting
In the opinion of Management there are no separate reportable segments as perAccounting Standard Segment rcportin8 (AS14.
Due To Micro And small Medium tnlerprisese)
The company has nol rcceived any information from suppliers regarding their status
unL{er the Micro. Small and Medium Enterpris€s Development Act, 2005. To the extentinformation available with the company, the company does not owe any sum nlcludinginterest required to be disclosed under the said Act.
10) Realisable value of Curent Assets
In the opinion of the Board, all assets other than Fixed assets and non currentinvestments have a realisable value in the ordinary course oI business, which is atleast
equal to the amount at which ttEy }tave stated.
:11) Employees Benefits :
Efenses and liabilities in subiect of employees benefiis are not recorded in accor.Iance
with Revised Accounting Standard ltEmployee Benefits (Rovised 2005) issued by theInstitute of Chartered Accountants of India (ICAI).
(a) Short-Term EmpleyegEclcl[ts
Short-Term Benefits are recogaized as a expenditure at the undiscounted value in thcprofit & Loss A/c of the year in which the related services is rendered.
(b) Post Emplqylqe]]lEclgliE
Provision for present liability for gratuity in respect oI Directors and cmployees eligibleunder Payment of Gratuity Act, 1972 IIas not been made as these will be charged toexpenses when paid.
12) Retirement Benefits
ihe liability in respcct of defined benefit schemes like gratuity benefit on retirement isnot provided on the basis ofactuarial valuation at ihe end of each ycar.
Retirement benefits to employees comprise payments undcr defined contribution p1afflike Provident fund. I'ayments under defined contribution plans are charged to theprofit & loss.
i,
Paee 81of 107
I
1{
1t
B)
C(1)
AC}IE RESOURCES LIMITED
13) Miscellaneous txpenditur€
{NNU {I_ REPOR] 2012-20t3
Expenditure incuued on or after 01/04/2004.an no longer bc colrsidered as htangibleasseis, follo$,ing the delinirions contained in A5-26 of intangible Asscls issued bv lCAtanLl being written o{f as adjustment relatecl to prcviors year.
14) Provisiory'Contingent Liability
i) Provision are recognizcd in ihe accounts in respcct of prescnt probable obligations, thcamount of wtu& cab be rcliably measured.
ii) Coniingcnt liabilities are dis.Iosed in rcspect of possible obiigations that arise fron pastevents but their existence is conJirmed by the occurrence ol non_occurrence o[ one ormore uncertair future ei,enLs nor h'holly within the conrrot of ihe company.
15) Taxation
I']rovision for current income tax is made on the basis of the assessable incomc rm.lerthe Incomc I a-\ Act.19b1
Ileferred income ia\ on account of timing clifferences beh\.een taxable incomesaccourlting income tor the |ear is acco nted for by apptynig rhe tar rares and ta.!\.senacted or substainih ena.ted on the balance sheft date.
Delrred tar assets are recognized based on prinlriple of prudence
l)elelled tax assets ar€ re\ ies ed at each balance sheet date
Defcrre(l tax assets are notfuture tilxable income rl iil
15) Earning Per Share
recognized uiriess there is virtual ccrtainllr that sufticientbe available against s,l1ich su.h dcterred rax assct v!,il
Basi. carning pcr share is calculated by dividing the nct profit/loss for rhe periodattributable to rquitr sharehol.lers by the H.eighk(i average number of equity sharesoutstanding during the period. I,artlv paid equirv st-rares are ireatcd as a tuitction oI.ach equity share to the e\tent thar they rere entitlc.l to pariicipate h div endsrelative to a fully paid equih, share during the r€porting period
17) Impailtnent Of Assets
Management pcriodicallv assesses using extcrnal sourccs $,llether there is an indicahollihat an assei may be impaired. Impairnlent occurs where the carrying value exceeds thcprcsent value ol luturc c.rsh flo$,erpected to arise from the.ontinuinij use of the assetsand its eventuai disposal. The impairment loss to be expcnsed is deiern\ined as thee\(ess of the carrying amount over ihe higher of the asset's net sale pri.c or prcs€ntvaiuc as determined above.
B) NOTES
Contingent Iiability1) Clainas atainst the compallv nor acknowledged as debrs
Currcnt Year : NilPaee 82 of 107
ACME RISOURCES LIMITED
Previous Year : Nil2) Estimated amount oI contracts remaining to
provided for:Curent Year : NilPievious Year: Ni1
Sundry Debtors/Creditors/Loan and Advances are Subject to ConJornation.
Company have not undertaken any Foreign Currency transaction.
Related party disclosures as required by AS - 18 issued by the Irctituie of CharteredA..ountants oflndia are under:
List of Related Parfies and their relationship:a) Key Managerial Personnel:
l.Sh.Kuldeep saluja (Director)2.Sh.Ravin Saluja (Director)3.Sh.Manoj Sarogi (Director)
b) Company is Subsidiary to Acme Resources Ltd.
c) Transaction widr related party:1. Acme Resources Ltd.
Interest Paid During The year Rs. .r"18,05,850/-
Rs. ?232,76,708/ -
ANN-UAL REPOR I' 2012-20I3
be executcd on capital account and not
3)
4)
5)
O/s Balance Year End
Maximum O/s
/,o/ OJAS SUPPLIERS LIMITED
-sd-KULDEEP SALUJADIRECIOR
-sd-RAVIN SAI-U]ADIRECTOR
Place : DELHIDate .25/05/2013
(Includrng lnterest Pa) able of Rs.3,94,26,165/ )P,s. 4488,n,503 / -
for PRATAP VIKRAM & ASSOCIATESChartered Accountant!FRN.018387N
-sd-VIKRAM KESAITWANIPARTNERM NO 500354
Page 83 of 107
I
AC}IE RNSOURCES LINIIl'ED ANNUAL REPORT 20I2-20I3
Annexute
Schedule to the Balance Sheer of a non-deposit taking non-bankinS financiat .ompany(as required in rerms of paragraph 13 on Non Banlirg Fnrancial (Non-I)eposit
Accepiint or Holding) Companies Predential Norms (lteserve Bank) Directions,200D
Particulars
Liabilities side :
(1) Loans and advances availed by the non-bankingfinrn( ial .ompdny in(lusiv€ of interesr a(cruedthereon but not paid:
outstanding
(a) Detrentures : Secured: Unse.ured(odter ihan failing within themeaning of public deposirs*)
(b) Defcrred Credits(c) Term I-oans(l) Inter-corporate loans and borrowing(e) Comnercial Pap€r(0 Other Loans (sperih nature)
" I'lease see Note 1 belo\'
NlLN]L
NILNIL
237.95NII-NII-
NII-NIL
N]LNII-Nn_NILNIL
Assets side :
Amount o,,rstin.l,no(2) Break-up of Loans and Advances including bills
receivable- Iother thdn Lho5e inctuded in (a)belowl :
(r, Securetl(b) unse.url.d
NIL4:126 51
(3) Break up of Leased Assets afld srock on hireand other assets counting towards AFC a.tivities(i) Lcase assels in(:luding lease reniais urrder
sundry debiors :
(a) Irinancial lease(b) Operating lease
(ii) Stock on hire including hire charges undersundry debtors :
(a) Assets on hire(b) Repossessed Assels
(iii) Othcr loans counting totl,ards AFC activihes
(a) l.oans r.here asseLs have been rcpossessed(b) Loans other than (a) above
NILNTT
NII-NIT
NILN]I-
Page 84 of 107
(4) Break-DD of Investments :
Crrrrent Tnvestments :
1. Ouoted:
(i) Shares : (a) Equity(b) Preference
(ii) Debentures arld Bonds(iii) Units of mutual funds(iv) Government Securities(v) Others (please specify)
NILNIL
NILNILNILNII-
(5)
2. Unq!at<!:
(i) Shares : (a) Equity(b) Preference
(ii) D€bentures and Bonds(iii) Units of mutual tunds(iv) Goverl1rnent Securities(v) others (please specify)
Long Term Investments :
1. Quoted:
(i) shares : (a) Equity(b) Preference
(ii) Debentures and Bonds(iii) Units of mutual tunds(iv) Government Securities(v) others (please specify)
2. Unqlqtcd:
(i) Shares : (a) Equity(b) nre{erence
(ii) Debentures ard Bords(iii) Units of mutual {unds(iv) Govemment Secu ties(v) Others (please specify)
Boirower group-wise classifi.ation of assetsfinanced as in (2) and(3) above :Please see Note 2 below
NII-NIL
NILNILNILNIL
NILNIL
NILNILNILNIL
NILNILNILNILNILNIL
Category Amount net of DrovisiorsSccLr rcd l otal
1. Related Parties *.(a) Subsidiaries NIL NIL NILfb) ComDanies in lhe same erouD NiL NIL NIL(c) Other related parties NIL 1838.51 1838.51
ACME RXSOURCES LIMITED ANNUAL REPORT 2012-2013
Page 85 of 107
I
AC}TE RISOURCES LINTITED ANN U 4L RIPOR.l. 201 2_201..]
2. Other thar reiated25tJ8.00
:lr"',"'""1
** As per Ac.ounring Standard of ICAI (please see Notc 3)
1. Related Parties -
c) Other rclated Parties
I Ia] I et \ dtuc tB;a \hI," (,N"tBreal up oL Iarr iortlovrsion,),.Lra".N4y l
2. Other than retated Darries
Other inJormationParti(uIars
(i) Gross No. Performing Assets
/.r) lt.h cti parnerfb) urlre rhdn rpldted pdrh.\
\.r \^r, f .rorrlllgjl::l\
1') P.l.r,e! p!l!3r,l , Orhpr ran rctaled pdrlre\
NilNi1
(ii)
NilNil
(iii) Assers a.qulre.l m sahstactjon of debt
Notes :
1 _As.defined
in palagraph 2(l )(xii) oI Non-Ban(mg linancial Conrpancs AcceDtanceI I'I[,1r, I'-po\ii.(Reqpni. Bdnt] D,rprtinn\, too{2.. Provisionhg norms shall be appticable as prescrbed in Non_BaIkrng &nancral,J :-*o*,, A,Leprme or hutrl,rqr r irp nr^ f,.J nh.l N:;;: iu;";;.,;Bank) Duectrons, 20073. _ All Accounting Standards and Guidarr(e Nores 6sued bv ICAi arlr aDDti.ahtp:rclur,inr lur !dludrjun nt inv,.\tm..n,, r,,r ,,tt,er d*,.15,-,,f,,,,..,.n,,;'J,;;';;^satisfaction of debi. Hol\,ever, market value in respect of quote.i ir,r""t_",1," o,,li fr."uf.:f1.fi,llJ"ll,: /*or,,, re.\p-pct ^i u,,quotcd investmenrs sh'ould be di;;i;";'l;":;*,*"' r h hnLirr rh. v drp \ td\siti"d d\ ,ond term , ,. urrFnl i1 \ t/ "hu\ "
Page 86 of 107
ACMF, RIiSOTIRCES I,IMITED ANNUAL REPORT 20I2-20I3
Statemenr Pursuant to Section 212 oI the Companies Act,1956 relating to Subsidiary Companies
1. Name of the Subsidiary:
2. Financial year of the subsidiaryCompany
3. Issued, subsoibed and paid upcapital of th€ Subsidiary Companyas on 31"1 March 2012
Shares of the subsidiary held bythe Company on dre above date:
Extent of holding
Atul Agro Private Limited Ojas suppliers Limite.l
31stMar.h, 2013
1005 Equity shares of 58,48,600 Equity sharesRs.100 each Rs. 10 each
31st Mar.h - 2013
98.01%
985 Equity shares of 58,42900 Equity sharesRs 1o ea.h
4.
5. 99_99%
6 Net aggregate amount ofprofits/(losses) orthe subsidiary Ior the abovefinancial year o{ the subsidiary, so faras ihey concern members of the Company:
a) dealt rvith in tle accounts of the ComPanyfor ftcyearended 31st Marc}! 2013 Rs. N
b) not dealt with in the accounts of theCompany for the yaar ended 31st Mar.h, 2013 Rs 3,903
7. Net aggregate amount of profils/ (losses) forprevroJ.lmdn, ral veJr. of lhe.ub'tdury, stnrpit became a subsidiary so far as they concemmembers of the Company:a) dealt with in the accounts of the Company
for the year ended 31st Marcb 2013
b) not dealt with in the accounts of theCompany for the year ende,1 31st March, 2013
8. As the Financial year of the Subsidiary ended 31'rMarch 2013 which €oirrcides $,ith the end of theFi.ancial Ycar o{ the I'arent Conpany, Section212(5) oI the Companies A.t,19s6 is not appli.able
9. S€ction 212(6) of the Companies Act, 1956 is notapplicable
For and on bahalf of the Board,
Rs. Nit
Rs. 3,46,77 ,144
Rs. Nit
Rs. 1,34413
Rs. Nil
Rs- 4,22,76,231
sdSharad SalujaManaging Director
Place; New DelhiDate: 25Lh May 2013
-sd-Kuldeep Saluja
Page a7 oI 1O7
I
!h
L
tlir
ACI\II! ESOURCES Lrr\{rTED
Independeft Auditors, report
To the Board of Directors of Acme ResoErces Limited
ANNUAL REPORT 2OI2.2OI]
We trave.aLrtUteLl rhe accompan\ing consolidated Financiat siatement oI Acme t{esour.esI imrteil , rhp , ompnn) I ind its subsrdiaries (.,rr.p A, m. dro,rf ) .,. d^, ;,b".f ; ; j';"":;i :;Notcs which comprise the consotidated balance stre"et * li ,r",--r".n- r,,13, anc{ theconsolidated statement of profit & loss account and .onsoiidated cash flolvs for the y€ar thcn, nded..jrd a -Lmrndr\ or srgnihcanr a( coun rinB po,i, ip\ Jnd ,,, , ",;,,';;;" " ";."ri."',. ,
Management,s responsibiliry for the consolidated financial statenents
Managcment is reEponsible for the preparation of thcse consolidated financial statcmcnts thatgive a true and fair vien. of rhe consoridated fi"rl.i"l p""iri.", ;;"";;dared firan.ialpc ormance and consotidated cash flows of the companv ir *.;;c;;;-;,tn accountinsprinciptes sencra,v accepted in rndia. ar,s responsibrlrtr ,".,*";';";..;r,,,]*prementationand maintenance of internal controlconsoridared finimciar statemenrs *.,::l:-'-:
to tl'Ie prep.rrahon anJ p,cscntarion of the
misstaiement, whether,r"",. f."rd ". ";9.'J.:
a true and fair vic$'and are tuee from material
Auditor'c re(pon\ibitil)
Our rcsponsibilit_v is to e\press an opinion on these consolidated {inancial starements based ono11I audit. l,Ve conducted our audit in a.cor.{ance h.ith thc Standard. "" O."ri, **"0 n1, ,*rnstih,te of charrered Accountanrs of rndra. rhose ,,"".";; ;;;;".;:; *.i ."*,0,, *.,,u€rhiLar r.qur e,nenr5 and pran and perform the ",,lito obhi; ;;;,;;:;:,."^."
"0",.hhcUr.rt]l..oncolrddtpdhndnriat(talpm,.nt\ar,f....tr ..r r.ld{p .r, rru.\tdt..I.LnrAn audit involves performing procedures to obiain audii evidence about the amounts anddisclosures in rhe consotidated finan.iai sratemenrs 1L" 1,..,.;."":.;.*i'O"aello
". ,n"auditor s ilrdgment, including the assessrlent of thc rlsks of material misstatement ol tlleconsoiidate.t financiat staremenrs, ll,hether due ro fraud or *r.r. i'--ri,", ,n*" .*,assesstrents, the auditor considers internat control relcvant t. th" C"_;.;" ;;"paratron arxlpresentarion of rhe .orlsotidated finan.ial statentents ihai give a """alid
,1,. .ia" ,^ *0". .dcsign audit procedures rhat are appropriate in th€.ircumstanc€s. An au.iit also incrudesevaluatinS rhe appropriateness of accounting policies used ard the reasonablcness oI theaccounting estimates made bv marugemenL as ivcll as evaluating th" **"ii'0.*"^,.noJ, ,,n,., nll\nlidar.d li,,dn. ial.talpmenr\
We beiieve that the audir evidence rl.e h.basis for orir audit opinion
rve obtained is sufficient and apProPriaie to provide a
L)pinion
II .urofj .urj anJtodrcbp\{ i luLr intormrr,.,,.,n,JanLi based on the consid.,rotio. of th" ."",tToiion
and acording to the explanatio.s given ro us
,L" ",b"tdi".,"" ";;;;;,;j;;:,il:::::.. "
the other auditom on rhe financiar sratemcnts of
in conformity rvith the accountins principi::d;::(:.3i:::H:::"IT:,:lve a irue and fair vi,w
Page 88 of 107
-
ACME RXSOURCES LIMITED ANNUAL R-EPORT 2012-20I3
a) in the case of tie consolidated balance sheet, of the state o[ aflairs of the Acme Group as
at March 31,2013;b) in the case of the consolidated statement of profit and 1oss, of the profit of the Acmc
Group for dre year ended on ihat datei andc) in the case of the consolidated cash flow statement of the cash flows of the Acme Group
for ihe year ended on that date.
Other matters
In rcspect of the financial statements.of 2 subsidiaries, we did not carry out the audii These
{inancial statemmts have been audited by other auditors whose reports have been fur shed to
us, a]1d our opinion, insolar as it relates to the amounts included in resPect o{ the subsidiaries is
based solely on the reports of the other auditorc. The details of assets, revenues and net cash
flows in re$pect of these subsidiaries and the net carrying cost oI investment and currert year
share of nei profit in respect o{ these associates, to the extent to which they are reflectetl in dre
consolidated financial statements are given below:
Audited by other auditors:
For T.R. Chadha & Co.
Chartered Accountants
Firm Registation No. 06711N
sd/-(Neena Goel)
PartnerMembership No. 057986
Place: New DelhiDate: 251h May 2013
Paee 89 of 107
A
I
f(C]Fi
T(
SI
N,Pa
M
PID,
Figures (In Rs.)
Name of thesubsidiaries
ToraI TotalRevenues
Net €ash
inflows/(outflows)
Net Carryingcost of
CuIrent year
prolitOjas
Suppliers
Limited
51,09,528s0 L6,05,05,387 ( ,36,M4\ 6,48,29,907 3,46,n,1M
Atui AgroPvt.l.td.
84,51,253 a,26,M2 11,70,622 2,95,50,000 1,903
Our opinion is ^ot
qualified in respect of these matters.
f
AC},IE RESOT]R(]ES LI\III Et) ANNUAL REPOR'T 2OI2-20I3
AC}IE RESOURCES LIMITEI)CONSOLIDATED BALANCE SHEET AS AT 31st MARCH,2013
31.03.2013
EOUITY AND LIABILITIES
SHAREHOLDERS' fUNDS
Share Capital
Reserves and Surplus
NON-CURRENT LIABILITIESLong-t€rnr Borros EgsOther Long tcrm liabilines
Long-term Pnxisions
257,440,000 257,tt0 000
iiE7,145,932 567,652,951
944,585,932
31.03.2012
825,092,951
5
7
E
10
97,955
181,836,897
26,575,833
32,15,520
93,726
1,16,965,199
5,t21,758
2,939,288
CURRENT I,IABILITIES211,726,306 155,019.971,
L094,921,52'lTotal
Short-term Borrorrings
Other cufl '-"nt liabilih.sSforrternr Pro! isions
2,496,812
54,b9/-
7,E11,,165
10,164,1)74
66,677,21,1,
11,280,02s329,023
675,050,000
20,2h5,727
11,060,119242,623,)67
7,115,409
182,461,314
56,139,D.6
ASSETS
NON-CURRENT ASSETS
Iixcd Asseis
Tangible AssetsDcffered Ta\ AssetLong icrn Loans anJ adtan.esOther non-curreni assets
:URRENT ASSETSCurrent LNeshnentIn!entoriesTradc ReceratletCash and cash equi\ alenrsShort'term Ioans an.lad\ ances
Otkr Curcni Asseis
SICNIFTCANT ACCOUNTING POLICIESAND NOTES ON ACOUNTS
As per our l.teport atta.hedIor T. R. Chadha & Co.CHARTERED ACCOUNTANTSFirm Rcgn No.06711N
M.No.057986
PI-ACE: NEW DELHIDATFD:25-05-2013
]I1213
11
t5161713
20
706,924,776 218,68c,119
E,286,{t9l35r,699
193,732,853r 6,318,076
I4,949,:1512E5,202,(i6i
I,050,01025,60b,042
519,697,55511,726,5u3
4\9,752,qUl
1,,166,677 ,211
For and on behalf of the Board
1,09S821,621
Sharad SalujaManaging Dire(torDIN-015116294
Company Secretary
Paee 90 of 107
Kuldeep Satuja
DtN-00289187
2,924,560
109,910,000
5,965,744
E,400
118,808 700
ACME RESOURCES LIMITED ANNI JAl. RI.IPORl' 2012-2013
ACME RESOURCES LIMITEDConsolidated Statement of Piofit and Loss for the ded 31st March,2013
ended 31.03.2013 ended31.03.2012
INCOME
Revenue from operaiions
rot.l Revenue (I)
EXPENSES
Change in Inventodes or Stock-jn-Trade (In rease)/ Decrease
P!r.hase of Stock n1-Tmde
Emplol,ee benefi t erpense
Depre.iation dd doriizatior expense
Contigent Provision against Standard Asset
Total Expenses (II)
,t22
2i
21
25-11
26
27
28
373,530,828
5,511,691
384,582,218
3,12E,390
379,U2,519 347 ,71,0,508
82,162"637
7a,a6o,2oo
/-,210,9U25,386,633
895,996
7,617,3L8'149,322
\31,474,579)
227,452,966
3,683,928
3A329,287
859,282
6,957,166
202,283,090 238,262,350
PROFIT BEFORE TAX AND EXCEI'TIONAL IIEM (I.ID
PROFIT BEFORE TAX AND AFTER EXCEYIIONAI ITEM
57,945,963
22,676
Tax paid for earlier years (706,351)
PROFIT AF-IER TAX AND EXCEPTIONAL IIEM
PROFIT AFTER TAX AND MINORITY INTEREST
Eaning per equiry sha re: (Nominal value or Share Rs.i0)
(1) Basic
(2) Diluted
176,759429
(70)
176,759499
57,262,244
149,448,258
8,762
149,439,496
50,1i6 895
119497,271 ee, ]4gl3,6034,230
a19,41)2,987 990,18,998
3_7'1
3.7't
3.08
3.08
SIGNIFICANT ACCOUNTING POLICIES AND NOTESON ACOUNTS
As per our Report atta.hedFor T. R. Chadha &Co.CHARTERED ACCOUNTANTSFnm Regn. No.0671IN
Neena CoeI
M.No- 057986
PLACE: NEW DELHIDATED :25-05-2013
For and on behalf of the Boald
+d- sdShaiad Saluia Kuldeep SalujaManagingDireclor Dire.lorDIN-015116294 DIN-00289187
Company Secretary
I(
I
'IT
n
tT
Page 91of 107
I
A('\{E RESOURCES LI]I ITI]t)
'l otal casl and cnsh equn JIentt l\ot.
?\N\L;At. REPOR] 20I2_201u
.\C\II RESOLRCTS I I\JITTT)a onsolid.led Cash lloh Staiem.nt f or rhc ear ended 31st Nrai.h,2013
l)etrer i.rlion nnd.nnoitritn,n .\f .n!r(l,rlnitl/ Loss on 5rl. oflr\crl 1s5.GPI.limiDir\ ElIr. nscs
hr1.rc$ & Inrnn...harlsOper.ting profit Lrefor.l\ orking Capjtal
AdjrstmenGfortfuking Capital.hang.s(rn.ir'ase)/ D..rcit. n L.nq T. rn, L, 11. rn.i
0n.i(.ise) D..r.rse in curnrt Lr:.rnrinr!(lNrraa, /l)e.r,.6. ur l.\ r,nr(..!.l1tre.6. (Dc..eas.)if LongTirnr rrr 1Ln, n(lf.eu€), D.(.ase nr Ti .
(In.r.i\e)/Dc.reire n 5l,orr lrmi t :,:!tr.J
(1',ocas.)/llc(erselnOrl!rCurr.:: ;!!.1.In.r..s.,/(D..r.is.l OthcrL.:ji.:.,I iitrilrtiesL,(case/(Dr.,case) nr sh.rt I.Fi i :. rlrnllrrrl.Nr,i(Ded..EL) (nhir ( rrj:
Crsh Senerat('d frc nr o!.riri.nL)r.Lt l.\$ 1{.or|t, (P.rni
Net.rsh tloa from Olerarins ArhririrsB. Ce.t!{row fror lnvestint AdivitiesProLlcds irfm snl! !fFr\rJ \rn-fur(hns. oI t_r\.d \r<P(Net C.sh Ilow rron lnr esrins {cti\ ti.sC. Crltt flow Il.m Fi[&.ing Adkiti6r..dslion Lon! lrrnr rr! \lr.:
t.rcst & Inr.o.r Chnrgci ai:.t;et Lash Un\ frum rinan.rng \.rrr rtrr<ctincrense in Cash li Cash Iqun alent<ch r. Caih r qur\ Jlenr. tOFen'ng B.tJnL rl
8iq.2s2
(r31,117,117)
82.179,191
(,,071r0)
0117,i67,02)
.r17,211,:1t(12,712,813)
2ti,a.1,07i
2,727 -6t
:3,902,11r,
lnlgqrlllgillqsl!!9:!!sB.t"*"1co.*lan€nts of .ash dd .6h eqdlatenrs (Cto
(192,1i1,8821
(28,2ai,,!1l]J
21,7i8
(16!,1a,a,j31) l tI1l:tl,:
(3,620,623)
(i3,.164,613)
2i,tioar,0 12
7,r.15,409
),1) t2 t!)7,r45,409
For d on behalf ofthe lh:rd
DIN-00289137
,t ]]]l I{r.816,.!1a
162,108,519
131
582,650
(16r,108,021)
2r,23:,,I1;1,.r:2,ll!.i
l1.i:S.ol7
I i4ltj1s,60a,,04:
As plr.rr R.plrt nlla.he!loiT. R. Chadha & Co.CHARTFIiED ACCOUNI'ANIStirm I(,gf . N. 067111.\
NLNo. 057986
II ACE: NIW [)EIIII
DIN,o151162'r4
r,.rhH)ca,"nded 'r.r
\i.,.r, r", r[l;;;li,,r !r.r\4J'Jh
Page 92 af 1O7
AC\IE RESOURCES LI}TI f]ID ANNUAI- REPORT 20I2-20' 3
1 SICNIFICANT ACCOUNTINC POLICIES ON CONSOI-IDATFD FIN,\NCIAISTATEMENTS OT ACME RESOURCES LIMITED IORMIN(] IJART OT ANNUALACCOUNTS FOR THE YEAR 2012-2013 AND ITS SUBSIDIARIES-
1.1 rrinciples of consolidation:Thc Coroolidated finan.ial siaicmcnis relate to ilre Acme Resour.es Limited which .omprisesthe financial statements of its subsi.liaries (Atul Agro Pvt. Lt.l. & Ojas SupPlie.s limitecl) as atMarch 31,2013. ln the preparation of (onsolidai.d financial statcments, invcshcnt in thcsubsidia es have been ac.ounted lor in ac.ordan.e with Ac.ounting standar.t (AS) 2l -
'Consolidat€cl Flnancial Statements', as nohfic{l ac.ouiing stanclard b! Con\paniesA.co!nting Standards Rules, 2006 (as amcnded) Consoli.lated financial siatements halc bccnprcpared on the folloi{ing basis:
i) Subsidiaries arc fuly .onsolidated tuon ihe date of a.quisition, being fir dai.' on (hich thcGroup obtalns control, and .ontjnues to be .onsol aitd until the clnte thnt su.h contr.iceas.s. Subsidiaries hale becn c.,nso1icl.rted on a luc b\'Inc basir b\ adding together thebook lalues of ihc like iiens of asseis, liabilitles, in.o e and erpenses .later elnnnrating allsignifi.nnt hila goup balan.-"s & inira group tr'dns.r.tions The unrealize.l profits resnltingftom nitr.r-grcup transa.iions that are in.luded n1 the .an\ing anrount of dssets a.e
elininatcd in fu]]. Unrealized losscs resulhng from intra group trarEa.tiotE ihai are dedu.tF.lin arriling at thc carving amount of asseis nre also eliminated unless cost .annot be
ii) I he exc€ss of the cost to the Companv of its in\ e+ment in subsid iaries oler the Company's
Fortion of equiiv or ile a(q!isiiion datc is recognized in the .onsolidated financial statemertsas goodwill and is teste.l for impairment amuall\. \\hen iher. is c\.css of ComPan) s
poriion oI cquit) of the Subsidiar\ over th-. cosi oi L\e in\ enment ihen it is treaied as Capital
iiii lvlinori\' nrteresis rcpresent the portion oi Frniit or lo5t and nct asscts not hcld b\ ftc.onpan) and are presented s.paratelj in rhe in.ome stat€nent and within €quitv in theconsolidated balance sheet, seParatel! fron Parent sharehol(tcrs' equit). l\lllcre accumulai.dlosses atiibltable to the ninoities are h.\c.ss ni ilieir equitv, in th€ absence of the.on irac tual obligation on the minodher, the sanre is .i.c. u nted foi b\ the Pa rent Conl prny.
iv) The tuiancial staiernenis of the subsidiaries are prepared for the same teporting year as ihepar.ni.omparl, i.e. fo- the Iear cnded Nlarch 11. 1011. lls nq consistent a.counting F liciesAs lar.s possible, the consolidated finan.ial eiaiements hale been prepared ushg uniforrna.counhng poli.ies, .onsisieni uith the ComFan\'s siand alone tlnnn.i.ll +ai-.ments for liketransnctions and oiher events in sinilar (ir.uhstan.es and arc prcscntcd, io the.,xicntpossible, in the samc mamer as the Compan\'s stanllalone fhan.ial siat.n.nis.
Accounting ConventionThc Consol ated finan.ial slatcments of the.ompanl has been prepared in ac.otulan.e (ithgenerall)' ac.epted ac.ouriing prin.iples m lndia (lndian CAAIr). lh€ clrDUran), has preparedth.sc aonsotidated fjnancial staiencnts tu comph in.iIl naturlal rcspc.ts sith ac(ouiirgstan.lards notified mder the Companies (.\ccounhng Standards) Rul-", 2{106 and d1e r€lelantprolisions of Companies Act, 1956. The Consolidate(l financial siatcments have bc.nprePare.t on an accrual basis and under hisiori.al .ost .onverltion
The preparati.n oI Consolidated finan.ial siaien.nis requires ,nanagenrent to make esti!nntesand assumptions thnt afL.t ihe rcported amounls of assets aDd liabilih.s on the date of fieConldidated Iinancial siatcmcnts and the reporte.l anDunt of revenues arrd e\p€nses duringthe reportmg pcft)d. Difference bcteeen the actunl r€sults and cstinatcs are recognised in thepetiod in *,hi.h ihe results are knoi!n /materialbcd
Page 93 of 107
1.3
't.2
&
ACME RESOURCES I-I\,IITET)
1.4 lnventoieqANNUAL RXPORl 20I2-20I3
bcerl lnlued ar to(,er of .ost and Neivalued at loaer of cosr an.l breakup
(Li)
(i) In the case oI quoted shares, inlentories haleReakablc Value Unquored shares have been
1.8
1.7
1.5
ln the cap of plots and tands, invenrories have been vatuect nt loirer of.ost and
Tr."d A.,",.drc.ktpdatorignal(o\ltp+d,.u,n,rt"r.d\tpp... dt or., r \l .r ,.yu riho. .!,, .ru.,\" ,r n,.8h,. duhe\. ra\"5 dd orh r ,!.,d-nr . :1".,_ l,1,^1, l-"1"'',,"
rnstallation and commissioning. ner f'ldenLil c\pcnrPs relaiel t' i'!lur\rhon,
(i) DeFrccrihon has been ch ged on w.iften down latue basis at rhe rares and in ih.rhanner prescnbed uder schedute _XIV to th-" Conpani$ Acr, r9s;.(ii) D.preciation ispro\.ided on pro rata basis (ron the daie oI acldtionrr,r A.,... .LngufLoR5;0Oodrptut\,t-fr...tn.I rlr1, dr. ".!-.o r
In.ome Re(ognirion
(i) The com pan\ has folloiled rhe dire.iiles of the Reser\ e Ba nk ot India on t r u.tenualNoms of rn.ome re.osnihon, pro,ision rbr bad a",t d"";ili ;:;;";...;.;;:;1;1,_l:.,"-.::..-r,.1"'"r,,rh.(.omrdr\l-. I..srr.,J....,,..i,",i ,",., r"0,..",,ra rr\pe1t oi I ocn, dn , h". o. ..r, Tro\,\ or I I .r, , , i.,.-..,a\ .-p . r" ",. n.oan, p \ rrn rp.t I ui.leri.,ri lrr on.-.n \on t..rr^mrnB a\.-,...l,Fr.!,.,,gn/"t"r r.t,h..-(inl
-Divid€nd.h.ome E re.ognzed 6 an.t ,;"^,"*,,"r r,",,,,r- r",$tce Conp.rnv /(h"r.hold.r.'nBhrtorr-rrpdIrJ,idr\",t"bt..n"..,r..8.t
,.."-f-"",.f-,""','
(iii)
(n)
(, The Companr rs regutaied as a Non Banlrqq,,.","i. ",^i", ;" " .j':;:i,T" ''";,-' )1,, ;" jTllr"rr. r.l dr" \dlu"d ir d.,.rd". " $,rt.,F pBt g- o. tm . .. ;
^. ". ;,';r.,",.,".j13 on'-AccountDg for Inlestmenis,as no'dnJ"rd., Ru.F, ,noo lr'i d n' ' "n p' ' : ouf i.gI..g lFrr In\p.m-rr. ,." .rri.., ,r -l . pr,.:r ,. ndrc r.,1,,,,ur norlFr rt-dnrFnr..",\,...",,t,.i.r.",r,.,,
"r"..,,rpJ,,t...,.h.-. r,,_, ..Ji....1p.r, L,,r.rJu,t,1t
1.9 Retiremenr Beneffts
dll "n pl,,., tr"r"Fij p"\21-.F L.t-. r,\ hrlhir rM. i\. a,.., n, ,,t r-nJ-fl1; rr. . .ucctassifi€d as.short rerm emplo\ee bcnrrits e",,.r,ts "".h ";,"];.,";, "u.,*,,.!,,'in".,-,"."..oD,p€nsarcd absences and the *Drred rusr ur.rhs rneh; b;;G;;;,;;"-r".,.., _Nh,.h p,mr .u\. *,a,^,.-,.j ,",r*,. *,
1.10 Eaningper Share
h.leiermrnin8 basr earning,.,,h-,..,h.."qu'r\ -r,.,F..r.r,,',r,"^,i-1":"i+.,". ' nr"'\ 'un "l-'dr' nprp'ur I'i" L-rdo'piowcrghtcd a'era8e number of share o,,,,",..i"''
-'"'"t"b^g basrc e'rnxrs Fer lhrrL i! the6,,ru B!pi,h.r rh"r.rrr,r.r d,rrLuLbI,
rr4 JJrir'8 lh' o"rr' r d"l'rlr,r,; aJulpJ
,,,.r,"-.', ., . " ."..;,r r,il, i.;: "":;"^,;],11":",:;';:':ll l.i.;;:fuienhilPUUrh sh,r.\
Paee 94 of 107
-
ACMD RESOURCES LIMITED
1.11 Taes on Income
(n)
(i)
ANNIIAI, REPOR'I' 20I 2-20I3
Cuneni tax is determined as the amol11i of iax payable (if any) in respect of taxableincome for the pe od based on applicable tax rares and law.
D€Iened Tax is recognized subiect io consideration of prudenc€ in respeci of deferredtax assets, on timing difference, being the difference between taxable in.on€ aDd
accounting income that originabs nl one pedod and are capable of.eversal in one ormore subsequent periods and neasured usinS tax rate and law rhat have been enacted
or substantially ena.ted by the Balance Sheei date. Defered tax assets are reviewed atrhe ea.h Ba]an.e Sheet date to re assess realization.
Provision is recognjsed when mterprise has a present obli8ation as a result of past eventsand ii is probable that an outflow of resources wrll be requred to settle the obliSation an.t inrespect of whi.h a reliable estimate can be made. Prc\isioE are detemined based onma.agement estimaies requted to settle the obliSaiion at the balance sheet date. Thesc arereviee ed at each balance d ate and adjusted to reflect the (uent rlrnmgement esiimates.
1.13 Impairment of Assets
At each balance sheet date, the Compan,v reviews the .aEl.ing momrs of its fixed assets todetermine wheiher there is my indication that tho* d*ts suffered impairment 1oss. If mysuch indication exists, the recoverable mount of the ass€ts is €stimated in order to determinethe extent of impairment loss. The impatment loss as dehmined above is expensed off. Theimpairmentloss re.ognised n pnor accountinS penod is reyersed iI there has been a changein thF e.tim,t ofr..overahle amount
Page 95 of 107
f
ACMIJ RESOURCES LI\IITI,:D ANNUAL REPORT 20I2-20I3NOTES ON ACCOUNTS FOR THE YEAR ENDED 31st MAR(.H, 2013
2 Shaie Capital
2.1 Reconciliation of the Shares oursrandint at the beginning and ar the end of reporingperiod are as below:
As at 31.03.2013 As at 31.03.20-12I'articulars
2.2 The rights, preferences and restrictions ana.hing to equity shares and the repaymentof capital is as under:The.Compnnv h"s onlr one class of Equity Shares havinS a par vaiue oI Rs.lo/_ each. Eachr-,older oI Equirv Shares s entitled to one vot€ per share. tn thc event oI liquida.ron of thecompany / thc holders of Equih Shares,\,ill be enfitled to receive remaining assers of thecompany, alter disrribution ofall preferenrial amuunts thedrstribununt\, tbernproportionl. tl,p nLnh. r or I quih sharps hcld b, tr \t,"r, Lotner\
Details of shares held by the sharehotders hotding more rhan 5di of the aggr€sate shares
No. ofShares held
Niuavani Dealcrc Pvt Ltd. 17,552,728Bluemoon Dealcon Pvt I rd 3,756,0AA
No. ofShares held
11,405,51144.87
1.1.59 r,756,1r00Selvo Dealcom Pvt.I-td 3,750,000 I 750,u00Merii Dealers Irvt Ltd 3,402,300 r,402,1 0
Page 96 of 107
Particulars31.03.2013 31.03.2012
Authorized Capital:Equity shares ofRs.10/ par value25,000,000 (Previous year 2t000,000) Equity Shares
Shares issued, subscribed and fully paid up Capiral:Equity shares oI Rs. 10/ par value25,7'14,000 (Previous year 25,74.r,000) Equity Shares
260,000,000 260,000,000
257,440,000 257,440,000
Particulars As at 31.03.2013 As at 31.03.2012No. ofShares
I tu,h \lr-'c. dt.hF b. gurnin3of the year
-3,744,000Equitt, sharcs issue.i duringrl.e 1, ar
I qurlv .hJr... , ll p PrJ oi t]leys4r_ 8,744,000
Amount
257,440,A00
No. ofqhq9"
25,744,001)
44.oqlt
257,410,000
257,440,0{n 25,744,000 257,440,000
-
ACl\{E RNSOURCES LIMITED
3 ReseNes and Surplus
ANNUA I- RE PORT 20I2-20I.']
Particulars As at 31.03.2013 As at 31.03.2012SecunI lremiu]nCeneral ReserreCapital Reserve
Statutory Reserve Fund- OpeningAdd: Transfer from SurplusBalance as at the end of year
Profit and Loss Account - Opening BalanceAdd: Net Plofitof current year transfefied fromStatement of Profit and LossAmount available for Approp ation
Appr,,pr i.rhons:Tr,rrufPr tu \tatuton Reser,,p fund<!ry!!:-'lo.rng Bdldnce /
379,769,000487,342
296,535,594
51,185 04523,898,646
379,769,A00
481,342296,535,594
31,382,351'19,a02,694
75,O83,69L 51,185,045
(160318,030)
1'19,492,981
(n9,s37,934
99,022,601
_ (40,825,049)
23,898,646(64,72s,69s)
(140,515,336)
'19,802,691
1160_318 0301Total 647,a45,932 s67,652,957
Long-term Borrowings
ount in Rs.l'arhculars As at 31.03.2m3 As at 31.03.2012
UnsecuredLoans al]d advanccs from Related paries (ReferNote No.31)Other loans and advances
25,401,951756A34,946
584.888146,380,311
Total 181836,897 146,965.199
Loans md advances ftom Relared pariips(Tems of Repayment)
As at 31.03.2012As ar 31.03.2013Non-Curent
Rate of lnt€r€st pdrrionTenue (from the date ofbalan.e shee
5,84,888
Oiher loaru anct advances
Gcms of Repayment)
T""0," ir..- ro. o"r".roru."" "n""0 ou,..r,n,.*", ^'f,o-.tlI""t *oio-,",[x"",
1 to s Ye,rs e "" ro 13 .6 lsa;tt;-- 0111
5 Other Long-term liabitities
ParticularsAmount in Rs-
As at 31.03.2013 As at 31.03.2012Trade payables
Micro & small enterprisesOthers
Advance {rom CustomelsTotal
26,575,a33 5,021,75826,57s,833 5,021,758
I
Paee 97 af 1O7
ACME R.ESOURCf S LI}II'TED
Long'term provisions
8 Trade Pavable
ParticularsTrade payables
Others
As at 31.03.2013
ANNUAt, RXPORT 2012-20I3
A ount in Rs.
(Amount h Rs.)As at 31.03.2012
Total
Other Current Liabit ies
Parricularsl'DS favableAudit Irees Pal,able1 egal & lrL,fessional ChargesF.pen<Ps Pal rbleRentPayableIncome Iax I,avable
fProvision for Incorne Tari rot,t
7,206,4AA
480,365
t02,3732,000
5,470,448436,172
1,489
3,63154,000
44qr!!4 RslAs at 31.03.2013 As at 31.03.2012
Particularst'ro\ ision Against Standard AssetsProvision for lncome Tax
Totai
As rt 11 n? ,n122,7lLr.ii+q t,{.}b,7o6495771 t )a2,522
1n5,620 2,%g.2BB
7 Short Ter Bonowings
Amount in Rs.palticularsUnsecured
_ Othcr loans and advancesTotal
As at 31.03.2013 e" at:l_05:Oii
2,1e6,8121 2,e21,s602,49qU.2 2,924,560
As at 31.03.2013 A5 at 31.03.2012
10 Short-termProvisions
Particulars
Page 98 of 107
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Page 99 ol 107
ACM F, RIiSOI]RCNS I,IMITET) ANNUAL REPORT 20I2-20I3
r
I
ACME R-ESOURCES LIMITED12 Deferred Tar( Assers
13 Long-term loans and advances
15 Cu[ent Investmenrs
Page 100 of 107
-
ANNUAL REPORT 2012-2013
pn trcrJors .... -. -.. -..._ --
t-tererrcd faras>ei-Depreciation
Total
A"n31J3-m-13-l-"-n-e#*:1s
329,A23
329,023 351,699
particulaFt-"a"" u go;"st fi";G;;AGGOther Ioans alld advaaies(Secured.on5Jdered poodtOther loans anct advJceslUnsecured consi.Jered gooij)Loan. nlld ddvar(e to relaH parti€s (Unsecu r"d)nuvancn ror purchase of property (Unsecured)
As at 31.03.2013 As at 31.03.201,
134,300,000
34432,85325,000.000
242,000,0a0
340,550,000
92500,000
particular.
-eluon""tu..1l..]"u .. -. ... -.. .. _
-_---T^iii-
As at31.03.2013r4uruurr. rn l{s.
20,265,727
20,265,727 _16,s18,076
Amount in Rs.As at 31.03.2013traa. t"*.r,r"r, t[ rot"aj-hvestment in Liquid Mutual funds
Escort Liquid FundT M Money Manaser Iun.,Relrarlce Llquied Fundtt-t I Lrquied Fund
In,v cstment in Real Estate FundsHDIC Real Estate Fund
As at 31.03.2012
11,060,719
100,000100,000100,000r00,000
71,549.15111,060,179Quoted lnvestment
ision for Dimunetion in value
ASgregate amount Df Inveshnenr
6iLTi:,""'l*.": J",'e o r rn ves Lmen r
77,7A6,265'L 1,060,1.19
74,949,45174,949.15.1
parrictrla.. - -sioc( in.hJde - ___
Irnmovabte properiySharec
As at 31.03.2013
201,923A47
6,99,720202.62316;
As at 31.oiroii
195,772,28589,130,376
_ 285,202,661
ACMtr RNSOURCES LIMITI'D
17 Trade Receivables
ANNI]AI, REPORT 2012.2013
_t4Ees{ i!&)'19 short-term ioans anal advances
20 Other Current Assets
Revenue from Operations
PaIticulars As at 31.03.2013 As at 31-03-20'12
Debts outstanding for a pe od exceeding sixmonths
Unsecure.lConsidered Good
Other DebtsUnsecured
Considered Good 10,50,010
Tot.l 10,50010
18 Cash and Bank Balancei
As at 31.03.2013 As at 31.03,201.2
Cash and Cash equivalentsBalances with barlks:
In Cu ent AccoffitsCash nr Hand
51,0335220,42,M7
24,558,0171,048,025
Total 71,45,40c 25,606,042
As at 31.03.2013 As at 31.03.2012
Loans and aclvances under finardng activityGecured)
Loans and advance to related partiesOther loans and advances
UnsecuredOther loans and advances
107,484,314
75,000,000
435,692000
104,000,555
Toral 182,484,314 539,697,555
Amount in Rs.As at 31.03.2013 As at 31.03.2012
Dividend Iteceivable A/clntcrest ReceivablePrepaid Exp.Preliminarv Expenses
55556,117,$2
8,38913,000
5l),27313.555,482
94,82826,000
Toral 5t4,419,426 73,726,583
unt in Rs.As at 31-03,2013 As at 3-l-03.2012
Sales Income 191,173,185
782,357,643
216,293,)31
168,289,087
Total 173,530,828 384,582,218
I
Page 101o1107
C\IE RESOURCES LI\II-I'ED22 Other Income
23 Change in inventories of Sto.k-in-trade
24 Employees Benefit Ex?€rEes
25 Other Expenses
Advertisment ExperasesAuditor s IiernuneraiionBank ChargesBusxtess Promotion Exp
.\NNUAL REPOR'I 20I2-20I3
iAmount in Rs.As at 31.03.2013 As nt 31.03.2012
25,386,633 30,329,287
30,32g,28i
As at 31.03.2013 As at 31.
Dimunetion In value of Invenion.
Tour & ]'r.avel
Fle.tricity Expcnses
hsuran.e Of Car/DikeIntercst on TdsLeg.rl & lru reSsrn lr1 Char serMairrterranl:e Chnrsec uf itar\N.P.A (InterestAmount)Misc. Expenses(Xfice Printing & Stationary ExpensesOther ExpensesRerlt PaidRepair & Marntenan.e ExpensesI']r.limmary Expense w rten offTelephonc Exp{:nses
t,114,63766,:190
601,960
1t6,857
552,876100,323
1,935,856
409,33.1
210,00;403.500
13,000
33,219
43,333
23,7 /'.)
51,718.151,9.16
18,91.1
7,579,903735,377
1t),726
507,652245,959
896,9.13
rJ6,282
11,110
785,983
2,10,000
1t9,97513,000
15,639
463.822
Page 102 of 107
-I
_ LAmount ir lts.
;a;;; fiil
-Interest IncomeProfit on sale of Iixed,AssetsProfit on sales of sharesMisc.IncomeRental lncomeInteresi on I T. Refund
Total
As at 31.03.2013 As at 31.03.2012266,281
2,05'1,862268,707
1,088,0251,07A,966
825,850
806,754790,35't
3,399
71R2otasoz,soo
2,1605,511,691 31,28,390
parricularsOpening BalanceClos g Balance
Total
As at 31.03.20t3 As at 31.03.2012284,086,084,nr qrl r 17
az,rcz,ti
252,671,505
?qtIe.os{(31,414,579\
particularssulo.i"'i"a w"g;;--Sraf Wellfare E\penses
As at 31.03.2013 As at 31.03.20127,2A7,72A
3,2643,66r600
1132a7,210,.t84 3,b83,928
Inter€.st Expenscs
ACME RESOURCES LIMITED ANNUAL R-EPORT 2012-2013
27 Piior Period It€m
28 Earning per Share
29 Contingent Liability not provided for Rs. Nil (Previous Year Rs. Nil)
30 Estimaied arnount of contracts remaining to be executed on capital account Rs. Nil(previous year Rs. Nil).
31 The Company has two subsidiaries in the consolidated Iinancial siaiemerts A.meResources Limited share in the voting pora'er of these companies as at March 31, 2013 is
Sr. No. Name of the CompanyCountry of
IncorporationProportion of
ownership interest (%)
Atul Aqr o I'vt. Ltd. India 98.01
, Oias SuDDliers Limited India 99.99
32 Provision Ior retirement bene{its have not been made under the rclevant Acls, i.e.Gratuity Ac! P.F- Act are not applicable to the comparly as company has less than therequired number oI employees.
33 SEGMENT REPORTINGAccounting Standard 17 on 'Segment RePorting' became applicable during the curentyear. The Company is engaged in financing by way of loans ar1cl sale of property. TheCompany does not have any reportable geographic segment. The Revenues, prolit a]1d
assets Irom the rcportable business segment in terms of Accounting Standard 17 on'Segment lleporting' as notified by the Companies (Accounting Standards) Rules, 2006
are as given below:(Amount ifl Rs.)
For the Year Ended For the Year Ended31st Mar.h 2013 31si Mar.h 2012
Segment Revenue:
(a) NBFC Business(b) Property Trading(c) Others
29't,426,81482,104,018
5,511,691
282,109,250102,172,968
3,124390
Vehicle Rulnring Exp Car/BikeWatd ChargesContingent Provision against standard AssetsRad ahd Douhtful debis Mitten off
379,336
10,50,00;
74,9799,100
410,957
Total 7,617,348 6,951,466
Parti.ularg As at 3'l -03.2013 As at 31.03.2012
Prior Period Expense 70 8,762
Total 70 4,762
Pa*icularsYear ended3',r.m-2m3
Year ended31.O3.2012
Net Profit available for Equity Shareholders (Rs.)
Weighted Average number of equity SharesBasic/Diluted Earnins per share (Rs.)
79,n9,90725,741,U)0
3.08
79,2't9,90725,744,000
3.Ott
I
Pag€ 103 of 107
379,042,519 387,740,608
,1C}IE RLSoURCES LI]IITEDANNU {t_ R0POR I l(,1:_2013
Segment R€sults: For-the Year Ended for the year Ended31st March 2013
Total kofir Before Tar -,",,,,,,2y 14,,4176,759,429
(P,ohr b:rorera\ dnd n,r".",,oo-"u.r, *g^-jjr|r1g.g,j- lq!!4!r.\ q1!{ir) NJIFC BL,sinps<
irip..p".,]. i;";r 14E'825'646 ee,0uz34r
1.1cltt'"." " '' 22'422'A92 {,237,527
5,511,691 3,128.390
3 Capitat Emptoyed:
(Segmrnt AsseLs Scgment Liabitities)(a) NBFC Business(b) tr., pe,ly 1-1o6,""
1c; UnaIo.atLilTotal prolit Before Tax
34 RELATED PART'I DTSCLOSURFS
Key tr{anaterial personnelSharad tulL,l.rKL,Jdeep Saluja
Ior the Year Ended For the Year Ended31st March 2013 3lstMarch 2012
li."i:: i:l:j**t t, the Irstitute oI chart red A.countants or rncria. the roror.ins are
(^ompanie.. in which kev \tanagement terlonnet' ersonn€t have (ontrol:Name of the Companv:Steriing ABro Industries Ltd.Nara],ani Ileaters p\ i. I_tdV. M. Estatc pvi Lrd
\lanaging DirectorDirector & R€Lltive of Mr. Sharad Saluj.r
and Relatives t,f I\ey Manager;al
Kailashwati i:tuildcort p! t I rdVinay Packag g (trldid) l\1 Lr.lK.sar Buitders pvi. LtdVRS F.stare Irvt. l.td
11r,.. crrmpany has entiJed into ihe toll.rr,,t,,..r,.* r,",,. r,. "" ,a].",i,,..,i". ,"-,'"1 ''* r'ldr d ltrh hdn\d'hun\ -u,rr p rh.. -n,,
\.u_.,o\ h_rr.H,JrF., (rd'.edi "),,lll lii;,ll,,djdr.r{"r ,.,r r,rrD.,r.sr.,
Nafure ofTransaction
\r.r'1.rgcrlal LLran takcr
Pae€ 104 of XO7
-
ror the ye ] r., tt "
y""1-ended cnded l
3t.03.20rr i rr nr rn,n:rq:.1q41 :14:.zorz l
15,01 oUE ] I5 oil0.l
,\CNIE RESOURCI'S LIN{ITEI) ANNUAL REPORT 20I2-20I3
BALANCE OUTSTANDINCAmount in Rs.
Name of the ComDanv Nature As at 3-1.03.2013 As at 31.03.2012
Sharad Saluja Payable 45,15,n00 15,000
Naravani Denlers Pvt. I-td- 147,00,n00
V. M. Estate Pvt. I-td. 4,8h,951 4,89 280
Kailashwati Buildcon I'vt. Ltd 51,50,000
35 Sundry Debtors and Loans & Advances have value on realization in the ordhary course
of business at least equal to the amornt at which they are stated in the consolidatedfinancial statements.
37 Debit and Credit Balances outstanding in the accounts of some of the parties are subject ioconfirmation/ reconciliation.
Page 105 of 107
Personnel Lu.u repaid NiI 12,00,0{)0:60,00,000 27,00,000
Interest Pai(t Nil
Kuldeep SalujaKey ManagerialPersonnel
50,000 250,42,417
50,000 250,42,8't7
Re-imbursementof Expcnses
80,948
V. M. Estate Pvt. LtLl
Under Coflhol ofKey ManagerialPersonnel and
Loan Taken 150,000Loan Repaid 28,720
Interest laid58,11e 37,880
Kaila,shwati BuildconPvl T.td
Under Control ofKey ManagerialPersonnel al]drelatives
h2,12,o80
1bq,10,5q7
1t,00,176Loan Taken 51,61,8t5Loan Repaid 2,11,825
Irterest Paid 5,25,2879807,85,000
Sterling AgroInduslries Iimited
Under Control ofKey ManagerialPe{sonnel and
Loan TakenLoan Repaid 9807,85,000
Intercsi paid 11,11,180Rent 2,40,000 2,16,000
Advance Taken 271,00,000
Ad\ ance Reoaid 27d00,000
Vinay Packaging(lrdia) PvL Ltd
Under Control ofKey ManagerialPersonnel and
Advance Taken
11,551 85,960
Nalayani Dealers Pvt.Ltd.
Under Control ofKey IvlanagerialPerconnel andrelatives
103,30,000
123,30,000
153,00,000
Loan Repdid 6,00,000Interest Paid 18,62,597 t2,il,q84
Kesar Brilders Pvt.Ltd.
Under Contlol ofKey ManagerialPersonnel and
821,00,00011 24,3hq 821,00,000
Interest lnconrc81,14,o14
,r 1T.:"::-ol"
,". y icro, smar and medium Enrerpri.es.rnerp drp no Micro dnd SmaI ScEtEdoJiflEoryt nrerpri\p. lo whom theowesdues, which are outstanding for. more than 4s days as at ,*.n ,r", ,iilo.iill#::il::T"i::5f,"# ffiIi'''*' *"'u",''*"' l"o',"uii,i'r.,,..p.i"""idenriried or the basis or *", "l"Ji'T*i# H,liT:::.:".::'*s have been
prcscribed discrosures
".,o0r,., "rr..,*i,, .*,o* ;;""ili:l,"lilJ"tl',i:J"39 Previous year figures
Figures of the previous year have bee:to conlirm to current ye", .r*"r6"uool.t"8to"ped
/reclassified wherever considered necessary
ACME RISOURCES L]MITED
For T. R_ Chaalha & Co.CHA RTERED ACCOLINTANTSlir m Fegr. No 06Zr\
M.No. 057986
PLACE : NEW DELruDATED : 25-Os-2In3
ANNUAL RXPORT 2OI2-20I3
for and on behar of rhe Boaril
DIN-015116294 DIN-00289187
Page 106 of 107
-
ACMF, RESOI]RCES I,IMITED
Regd. Iolio No.DP ID NoClient ID No
ANNUAL REPORT 2012.2013
Form of Proxy
No of shares held.
member/rnembers of Acme Resources Limited hereby aPpoini Mr./Msof..........:......................... ..-....-...-.--.or failing him
Mr/Ms...........................................................of.................:..........................as mylour Proxy to votefor me/us on my/our bellalf at the Twen4, Sevenih Annual General Meeting of the comPany tobe held at lst Floor, 155, Cofton Sheet Post Bada Bazar, Kolkata - 700007 on Wednesday, the
25th day of September 2013 at1.00 P.M and at any adjournment thereof.
Signature of memberSigned this .....................day of............. 2013
Note: Proxies in order to be valid must be duly filled in, stamped, signed and deposited at theRegistefed Office of the company not less than 48 hours before the time of commencement ofthe meeting-
T A lF,JR.".,,'," I
I s,.-p I
ATTENDANCE SLIP
I hereby record my presence at the Twenty S€venth Amual Ceneral Meeting of the Company tobe held at lst Floor,166 Cofton Street, Post Bada Bazar, Kolkata - 700(X, on Wednesday, $e25th day . : Septemtrer 2013 at 1 .00 P.L{
Full Name of the Member (in BLOCK LETTERS) .......................Regd. Folio \o.DP IDClientIDNo. of Shares heldFull Name of the Proxy (jn BLOCK LETTERS) .
Members/ Prory's SigrdlurP ........
Note: Please fill up this attendance slip and hand over at the entrance of the meeting haltMembers are requested to bring their copy of fie Annual Repot to the meeting.
r-
Page 107 of 107
