· BOARD OF DIRECTORS (1) Mr. Gulshan Rai - Managing Director (2) Mr. Shiv Prashad Mittal - Non-Executive Director (3) Mrs. Satnam Kaur - Women Director (4) Mr. Lakhwinder Kumar

Annual Report

of

Creative Intra Limited

FY 2016 - 17

BOARD OF DIRECTORS

(1) Mr. Gulshan Rai - Managing Director (2) Mr. Shiv Prashad Mittal - Non-Executive Director (3) Mrs. Satnam Kaur - Women Director (4) Mr. Lakhwinder Kumar Aggarwal - Independent Director (5) Mr. Krishan Kumar - Independent Director (6) Mr. Timir Sen Gupta - Independent Director

COMPANY SECRETARY

CS. Daljeet Singh

CHIEF FINANCIAL OFFICER

Mr. Girdhari Lal

STATUTORY AUDITORS

M/s R. Tayal & Associates,

Chartered Accountants

SECRETARIAL AUDITOR

M/s Rashmi Sahni & Associates, Practicing Company Secretaries.

REGISTRAR AND TRANSFER

AGENT

Beetal Financial & Computer Services (P) Ltd.

Beetal house, 3rd Floor, 99, Madangir, Near Local Shopping Complex, New

Delhi-110092. Tel.: 011-29961281, 29961284

REGISTERED OFFICE

G.T. Road, Millar Ganj, Ludhiana-

141003, Punjab. E-mail Id: -

[email protected] CIN: - L51909PB1981PLC046333

PAN: - AAACC3583F Contact No.:- 0161-3006100

CONTENTS

Sr. No. Particulars Pg No.

1. Notice of Annual General Meeting 3-11

2. Directors’ Report 12-21

3. MGT - 9 (Extract of Annual Return)

22-35

4. MR-3 Secretarial Audit Report for the Financial Year 2016-17.

36-40

5. Nomination & Remuneration Policy approved by the Board. 41-45

8. Disclosure of particulars with respect to conservation of energy, technology absorption and foreign exchange earnings and outgo

46

9.

Independent Auditors Report on Financial Statement (Standalone)

47-54

10. Standalone Financial Statement & Notes on Accounts thereon 55-69

11. Attendance Slip and Proxy Form 70

CREATIVE INTRA LIMITED

Registered Office: G.T. Road, Millar Ganj, Ludhiana-141003, Punjab.

CIN: L51909PB1981PLC046333

Contact No.:- 0161-3006100

Email ID: [email protected]

NOTICE

NOTICE is hereby given that the 36th Annual General Meeting of the Members of Creative Intra

Limited will be held on 29th September, 2017 at 11:00 A.M. at G.T. Road, Miller Ganj, Ludhiana-

141003, Punjab to transact the following business:

ORDINARY BUSINESS:

ITEM NO.1: Financial and Other Reports

To receive, consider and adopt the Audited Balance Sheet as at 31st March, 2017, Statement of Profit and

Loss for the year ended on that date, together with Report of the Auditor’s and Director’s thereon.

ITEM NO.2: Re – Appointment of Smt. Satnam Kaur.

To appoint a Director in place of Smt. Satnam Kaur (DIN 03349184) who retires by rotation in terms of

Section 152(6) of the Companies Act, 2013 and being eligible, offer herself for re-appointment.

ITEM NO.3: Appointment of Auditors

To appoint Auditors and fix their remuneration and in this regard, to consider and if thought fit, to pass the

following resolution as an Ordinary Resolution:

"Resolved That pursuant to Section 139 of the Companies Act, 2013 and the Companies (Audit and

Auditors) Rules, 2014, M/s N.K. Bector & Co., Chartered Accountants, having (Firm Registration No.

081095N) be and are hereby appointed as the Statutory Auditors of the Company in place of the Auditors

(who have completed his term at upcoming AGM) M/s R. Tayal & Associates, Chartered Accountants,

having (Membership No. 522305), who shall hold office from the conclusion of 36th Annual General

Meeting for term of consecutive three years till conclusion of the 39th Annual General Meeting in the

calendar year 2020 (subject to ratification of the appointment by the members at every Annual General

Meeting held after this Annual General Meeting).

“Resolved Further That the Board be and is hereby authorized to fix such remuneration as may be

determined in consultation with the Auditors, in addition to reimbursement of all out-of-pocket expenses

as may be incurred in connection with the audit of the accounts of the Company."

By Order of the Board

For Creative Intra Limited

Place: Ludhiana

Date: 16.08.2017 Sd/

Gulshan Rai

Managing Director

(DIN: - 01145876)

F-134, Sarojini Nagar,

New Delhi, 110023

Notes:

1. A member entitled to attend and vote at the Meeting is entitled to appoint a proxy to attend and

vote on a poll instead of himself/herself and such proxy need not be a member of the Company. The

proxy, in order to be effective must be received by the Company not less than 48 hours before the

Meeting. The Blank Proxy form is enclosed.

2. In Compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies

(Management and Administration) Amendment Rules 2015, and Regulation 44 of the SEBI (Listed

Obligations And Disclosures Requirements) Regulations 2015, the Company has provided a facility to the

members to exercise their votes electronically through the electronic voting service facility arranged by

Central Depository Services (India) Limited. The facility for voting through ballot paper, will also be made

available at the AGM and the members attending the AGM who have not already cast their votes by

remote e-voting prior to the AGM may attend the AGM but shall not be entitled to cast their votes again.

3. Corporate Members intending to send their authorized representatives to attend the meeting are

requested to send a certified copy of the Board Resolution authorizing their representative to attend and

vote in their behalf at the Meeting.

4. A person can act as a proxy on behalf of members not exceeding fifty and holding in the aggregate not

more than ten percent of the total share capital of the Company carrying voting rights. A member holding

more than ten percent of the total share capital of the Company carrying voting rights may appoint a single

person as proxy and such person shall not act as a proxy for any other person or shareholder.

5. A statement giving the relevant details of the Directors seeking re-appointment under Item No. 2 of the

accompanying Notice is annexed herewith in explanatory statement.

6. Members are requested to intimate their queries, if any, related to accounts at least seven days in

advance of meeting so that information can be made available and furnished at meeting.

7. All documents referred to in the notice, unless otherwise specifically stated will be available for

members for inspection at the registered office of the Company between 10.30 am to 12.30 pm from the

date hereof upto the date of Annual General Meeting.

8. The register of members and share transfer books shall remain closed from Monday the 25th September,

2016 to Friday 29th September, 2017 (Both Days inclusive).

9. Mr. Ashwani Khanna proprietor of Khanna Ashwani & Associates has been appointed as scrutinizer for

providing the report on results of poll/vote for the resolution passed during the AGM.

10. The Securities and Exchange Board of India (SEBI) has mandated the submission of Permanent

Account Number (PAN) by every participant in Securities Market. Members holding shares in physical

form are, therefore, requested to submit their PAN to the Beetal Financial & Computer Services (P) Ltd.

11. The Result of the resolutions passed at the AGM of the Company will be declared within 48 working

hours of Conclusion of AGM. The results declared along with the Scrutinizer Report shall be placed on

Company’s website and will be communicated to the stock exchanges.

12. M/s Khanna Ashwani & Associates, Company Secretaries, have been appointed as the scrutinizer to

scrutinize the e-voting process in fair and transparent manner (including the ballot forms received from

members who do not have access to the e-voting process). The scrutinizer shall within a period of three

working days from the conclusion of e-voting period, unblock the votes in presence of at least two

witnesses not in employment of the company and make a report of the votes cast in favour or against, if

any, forthwith to the chairman of the company.

The instructions for shareholders voting electronically are as under:

(i) The voting period begins on 26th Sep, 2017 (9:00 am) and ends on 28th Sep, 2017 (5:00 pm). During

this period shareholders’ of the Company, holding shares either in physical form or in dematerialized

form, as on the cut-off date (record date) of may cast their vote electronically. The e-voting module

shall be disabled by CDSL for voting thereafter.

(ii) Shareholders who have already voted prior to the meeting date would not be entitled to vote at the

meeting venue.

(iii) The shareholders should log on to the e-voting website www.evotingindia.com.

(iv) Click on “Shareholders” tab.

(v) Now Enter your User ID

a. For CDSL: 16 digits beneficiary ID,

b. Members holding shares in Physical Form should enter Folio Number registered with the Company.

(vi) Next enter the Image Verification as displayed and Click on Login.

(vii) If you are holding shares in demat form and had logged on to www.evotingindia.com and voted on

an earlier voting of any company, then your existing password is to be used.

(viii) If you are a first time user follow the steps given below:

For Members holding shares in Demat Form and Physical Form

PAN Enter your 10 digit alpha-numeric PAN issued by Income Tax Department (Applicable for

both demat shareholders as well as physical shareholders)

Members who have not updated their PAN with the Company/Depository

Participant are requested to use the first two letters of their name and the 8 digits of

the sequence number in the PAN field.

In case the sequence number is less than 8 digits enter the applicable number of 0’s

before the number after the first two characters of the name in CAPITAL letters. Eg.

If your name is 3 Ramesh Kumar with sequence number 1 then enter RA00000001 in

the PAN field

Dividend

Bank

Details

OR Date

of Birth

(DOB)

Enter the Dividend Bank Details or Date of Birth (in dd/mm/yyyy format) as recorded in

your demat account or in the company records in order to login.

If both the details are not recorded with the depository or company please enter the

member id / folio number in the Dividend Bank details field as mentioned in

instruction (v).

(ix) After entering these details appropriately, click on “SUBMIT” tab.

(x) Members holding shares in physical form will then directly reach the Company selection screen.

However, members holding shares in demat form will now reach ‘Password Creation’ menu wherein

they are required to mandatorily enter their login password in the new password field. Kindly note

that this password is to be also used by the demat holders for voting for resolutions of any other

company on which they are eligible to vote, provided that company opts for e-voting through CDSL

platform. It is strongly recommended not to share your password with any other person and take

utmost care to keep your password confidential.

(xi) For Members holding shares in physical form, the details can be used only for e-voting on the

resolutions contained in this Notice.

(xii) Click on the EVSN No. 170901091 <CREATIVE INTRA LIMITED> for the relevant on which

you choose to vote.

(xiii) On the voting page, you will see “RESOLUTION DESCRIPTION” and against the same the option

“YES/NO” for voting. Select the option YES or NO as desired. The option YES implies that you

assent to the Resolution and option NO implies that you dissent to the Resolution.

(xiv) Click on the “RESOLUTIONS FILE LINK” if you wish to view the entire Resolution details.

(xv) After selecting the resolution you have decided to vote on, click on “SUBMIT”. A confirmation box

will be displayed. If you wish to confirm your vote, click on “OK”, else to change your vote, click

on “CANCEL” and accordingly modify your vote.

(xvi) Once you “CONFIRM” your vote on the resolution, you will not be allowed to modify your vote.

(xvii) You can also take a print of the vote cast by clicking on “Click here to print” option on the Voting

page.

(xviii) If a demat account holder has forgotten the login password then Enter the User ID and the image

verification code and click on Forgot Password & enter the details as prompted by the system.

(xix) Shareholders can also cast their vote using CDSL’s mobile app m-Voting available for android based

mobiles. The m-Voting app can be downloaded from Google play store. Apple and windows phone

user can download the app from the App store and windows Phone store respectively. Please follow

the instructions as prompted by the mobiles app while voting on your mobile.

(xx) Note for Non – Individual Shareholders and Custodians

Non-Individual shareholders (i.e. other than Individuals, HUF, NRI etc.) and Custodian are

required to log on to www.evotingindia.com and register themselves as Corporates.

A scanned copy of the Registration Form bearing the stamp and sign of the entity should be emailed

to [email protected].

After receiving the login details a Compliance User should be created using the admin login and

password. The Compliance User would be able to link the account(s) for which they wish to vote on.

The list of accounts linked in the login should be mailed to [email protected] and on

approval of the accounts they would be able to cast their vote.

A scanned copy of the Board Resolution and Power of Attorney (POA) which they have issued in

favour of the Custodian, if any, should be uploaded in PDF format in the system for the scrutinizer to

verify the same.

(xxi) In case you have any queries or issues regarding e-voting, you may refer the Frequently Asked

Questions (“FAQs”) and e-voting manual available at www.evotingindia.com, under help section or

write an email to [email protected].

CREATIVE INTRA LIMITED Registered Office: G.T. Road, Millar Ganj, Ludhiana-141003, Punjab.

CIN: L51909PB1981PLC046333 Contact No.:- 0161-3006100


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

ITEM NO. 2 OF THE ORDINARY BUSINESS INFORMATION AND DETAILS REGARDING DIRECTOR SEEKING RE-APPOINTMENT IN THE ENSUING ANNUAL GENERAL MEETING:

Name of the Director

Satnam Kaur

Director Identification Number (DIN) 03349184

Date of Birth 01/03/1971 Nationality Indian

Date of Appointment on Board 04/09/2014 Qualification Post Graduate

No. of Shares Held Nil List of Directorships held in other Companies (excluding foreign, private and Section 8 Companies)

Nil

Memberships / Chairmanships of Audit and Stakeholders’

Relationship Committees across Public Companies Nil

Relationship with other Directors Gulshan Rai (Husband)

None of the other Directors/ Key Managerial Personnel (KMP) of the company/their relatives are concerned or interested, financial or otherwise, in the resolution set out at item No. 2.

By Order of the Board For Creative Intra Limited

Place: Ludhiana Date: 16.08.2017 Sd/ Gulshan Rai

Managing Director (DIN: - 01145876)

F-134, Sarojini Nagar, New Delhi, 110023

CREATIVE INTRA LIMITED Registered Office: G.T. Road, Millar Ganj, Ludhiana-141003, Punjab.

CIN: L51909PB1981PLC046333 Contact No.:- 0161-3006100


DIRECTORS’ REPORT

Dear Shareholders,

Your Directors are delighted to present their Report on working of the Company together with the Audited Statement of Accounts of your Company for the Financial Year ended on 31st March, 2017.

FINANCIAL SUMMARY OR PERFORMANCE OF THE COMPANY:

PARTICULARS YEAR ENDED

31.03.2017

YEAR ENDED

31.03.2016

Revenue from operations 19457121.00 25568323.93

Other Income 5203051.00 5599495.00

Total Income 24660172.00 31167818.93

Expenditure for the year excluding Depreciation and Amortization Exp.

10514827.96 26608490.73

Profit or Loss before Depreciation and Amortization Exp.

14145344.04 4559328.20

Less: Depreciation and Amortization Exp. 271298.00 309600.00

Profit/Loss before Exceptional and extraordinary items and tax

13874046.04 4249728.20

Less: Exceptional Items and extraordinary items 0 0

Profit before Taxation 13874046.04 4249728.20

Less : Provision for Taxation

Current Tax

Deferred Tax

Current Tax expenses relating to prior years

3000000.00

(26380.00)

(45584.00)

1105000.00

(43232.01)

-

Profit after Taxation 10946010.04 3187960.21

STATE OF AFFAIRS

The Company is engaged in the business of share trading, Financial Consultancy and it is earning Rent from its Investments in properties. There has been no change in the business of the Company during the financial year ended 31st March, 2017.

The highlights of the Company’s performance are as under:-

(i) Revenue from operations amounting Rs. 1,94,57,121.00/- (ii) Net Profit for the year amounting to Rs. 1,09,46,010.04/-

(iii) Earnings per share is Rs. 1.97/-

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

A. FINANCIAL ANALYSIS AND STATE OF COMPANY AFFAIRS:

PRODUCTION & SALES REVIEW:

During the year, the Revenue from operations was Rs. 1,94,57,121.00 as against Rs. 2,55,68,323.93 in the previous year. The Company earned other income of Rs. 52,03,051.00 during the year as against Rs. 55,99,495.00 during last year.

PROFITABILITY:

The Company earned profit before depreciation, interest and tax of Rs. 1,41,45,344.04 as against Rs. 45,59,328.20 in the previous year. After providing for depreciation of Rs. 2,71,298.00 (Previous Year Rs. 3,09,600.00), the profit after tax was Rs. 1,38,74,046.04 as against Rs. 42,49,728.20 last year.

B. RESOURCE UTILISATION:

FIXED ASSETS:

The net fixed assets as at 31st March, 2017 were Rs. 57,08,625.00 as against previous year’s fixed assets

of Rs. 59,47,623.00

CURRENT ASSETS:

The net current assets as on 31st March, 2016 were Rs. 21,70,26,414.12 as against Rs.20,42,26,543.08 in the previous year.

FINANCIAL CONDITIONS AND LIQUIDITY:

Management believes that the Company’s liquidity and capital resources are sufficient to meet its expected working capital needs and other anticipated cash requirements. The position of liquidity and capital resources of the Company is given below: -

CASH AND CASH EQUIVALENTS:

(Amt in Rs.) Particulars 2016-17 2015-16

Beginning of the Year

4,46,428.93 18,26,874.46

End of the Year

7,77,200.47 4,46,428.93

Net Cash provided/(used) by:

- Operating Activities

(48,11,919.46) (62,52,587.53)

- Investing Activities

51,42,941.00 48,72,142.00

- Financing Activities

(250.00) -

DIVIDEND

In view of the planned business growth, your Directors deems it proper to preserve the resources of the Company for its activities and therefore, do not propose any dividend for the Financial Year ended March 31, 2017.

SHARE CAPITAL OF THE COMPANY

The Paid up Equity Share Capital as at 31st March, 2017 was Rs. 5,56,12,800/- divided into 55,61,280 Equity Shares, having face value of Rs. 10/- each fully paid up. During the year under review, the Company has not issued any shares.

DECLARATION BY AN INDEPENDENT DIRECTOR(S)

The Company has received Declaration from each Independent Directors that they meets the criteria of independence laid down in sub-section (6) of Section 149 of Companies Act, 2013.

DIRECTORS’ RESPONSIBILITY STATEMENT

Pursuant to the provision of sub section (5) of Section 134 of the Companies Act, 2013, your Directors confirm that:

a) In the preparation of the Annual Accounts for the period ended March 31, 2017, the applicable

accounting standard had been followed along with proper explanation relating to material departures;

b) The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of the Company for that period;

c) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and

d) The Directors had prepared the Annual Accounts for the period ended March 31, 2017 on a going

concern basis.

e) The Directors, has laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating efficiently.

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

DIRECTORS

i). APPOINTMENTS

INDEPENDENT/WOMEN DIRECTOR

At the 33rd Annual General Meeting of the Company held on 30.09.2014, the Members of the Company had designate Sh. Krishan Kumar, Sh. Lakhwinder Kumar Aggarwal and Sh. Timir Sen Gupta as an Independent Directors of the Company, for a period of 5 years. All Independent Directors have given declarations that they meet the criteria of independence as laid down under Section 149(6) of the Companies Act, 2013. Mrs. Satnam kaur were appointed as women director as per the provisions of Companies Act, 2013 w.e.f 04.09.2014.

DECLARATION UNDER SECTION 149(6):

All the Independent Directors have submitted their disclosures to the board that they fulfill all the requirements as stipulated in Section 149(6) of the Companies Act, 2013 so as to qualify themselves to be appointed as Independent Directors.

ii). RETIREMENT BY ROTATION

Pursuant to the provisions of Section 152 of the Companies Act, 2013 Smt. Satnam Kaur (holding DIN. 03349184), Director of the Company retires by rotation and being eligible offers himself for re-appointment.

KEY MANAGERIAL PERSONNEL

Pursuant to the provisions of Section 203 of the Companies Act, 2013 the below mentioned KMP’s have

been appointed/designated as detailed below:

WHOLE TIME KEY MANAGERIAL PERSONNEL OF THE COMPNY

DESIGNATION

Mr. Gulshan Rai Managing Director

CS Ritu Mahajan Company Secretary(CS)

Mr. Girdhari Lal Chief Financial Officer(CFO)

BOARD EVALUATION

The board of directors has carried out an annual evaluation of its own performance, Board committees and individual directors pursuant to the provisions of the Act.

The performance of the Board and committees of the Board was evaluated by the Board after seeking inputs from all the directors on the basis of the criteria such as the Board composition and structure, effectiveness of board processes, information and functioning, etc.

The Board and the Nomination and Remuneration Committee (“NRC”) reviewed the performance of the individual directors on the basis of the criteria such as the contribution of the individual director to the Board and committee meetings like preparedness on the issues to be discussed, meaningful and constructive contribution and inputs in meetings, etc. In addition, the Chairman was also evaluated on the key aspects of his role.

None of the independent directors are due for re-appointment.

BOARD MEETINGS

A calendar of Meetings is prepared and circulated in advance to the Directors. The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013, Listing Agreement and Securities and Exchange Board of India (Listing Obligations and disclosure Requirements) Regulations, 2015. The Board met Nine times during the year, the details of which are given below:

04.04.2016, 08.04.2016, 27.04.2016, 09.07.2016, 26.08.2016, 11.10.2016, 10.12.2016, 13.01.2017, 20.03.2017.

NOMINATION & REMUNERATION POLICY

The Company has been following well laid down policy for determining qualifications, positive attributes and independence of Director, key managerial personnel for their appointment and remuneration. The above mentioned policy forms part of this Report as Annexure III. We hereby affirm that currently no remuneration is being paid to any of its director on Board / Key Managerial Personnel except Company Secretary of the Company.

RISK MANAGEMENT POLICY AND RISK MANAGEMENT

The Company has business risk management committee pursuant to Section 134(3) (n) of the Companies Act, 2013 and SEBI (LODR) Regulation, 2015.

Since your Company had no business operation except for earning of Rent from investment in property, interest income and sale of Shares & Mutual Fund, therefore, Mr. Shiv Prashad, Director and Promoter of your Company has been authorized by board to look after the risk and challenges and is liable to put in place the mechanism to ensure that these are managed and mitigated with adequate timely actions. At present the element of risk threatening the Company’s existence is very minimal.

WHISTLE BLOWER POLICY (VIGIL MECHANISM)

In terms of Section 177(9) & (10) of the Companies Act, 2013, your Company has an effective Vigil Mechanism Policy in place for enabling every personnel to freely communicate any illegal or ethical conduct, actual or suspected fraud or violation of Company’s Code of Conduct. The disclosures are

reported to the nodal officer in the manner and within time framed as prescribed in the Whistle Blower Policy.

DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013

In order to prevent sexual harassment of women at work place a new act The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 has been notified on 9th December, 2013.

The Company is committed to provide a safe and conducive work environment to its employees during the year under review.

Your Directors further state that during the year under review, there were no cases filed pursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

TRANSFER TO RESERVES

No amount was transferred to any special reserves during the financial year ended 31st March, 2017.

TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCTION AND PROTECTION FUND

In accordance with the provisions of Section 125(2) of the Companies Act, 2013 company has not having any unpaid dividend or excess share application amount in the book of accounts. As company has not declared any dividend in the previous year, hence no amount is transferred to Investor Education and Protection Fund.

MATERIAL CHANGES AFFECTING THE FINANCIAL POSITION OF THE COMPANY

No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which this financial statement relates and the date of this report.

PUBLIC DEPOSIT

The Company has not accepted any Deposit within the meaning of Section 73 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014.

DETAILS OF SUBSIDIARY/JOINT VENTURE/ASSOCIATE COMPANY

There is no subsidiary or joint venture or associate companies.

PARTICULARS OF EMPLOYEES

During the financial year 2016-17, no director or employee, whether employed for the whole year or any part of the year, was in receipt of remuneration or was in receipt of remuneration exceeding the limit

specified under Section 197 of the Companies Act, 2013 read with rule 5(1) of Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014.

Therefore, the Company has not made disclosure as required under Rule 5 of Companies (Appointment and Remuneration of Managerial Personnel) Rule, 2014.

CORPORATE GOVERNANCE REPORT

Clause 49 of listing agreement which outlines the corporate governance report is not applicable to our company, as our company’s paid up capital is less than 10 crores and net worth is less than 25 crores for F.Y 2016 – 17.

STATUTORY AUDITORS AND THEIR REPORT

M/s. R. Tayal & Associates, Chartered Accountants, New Delhi, was appointed as the Statutory Auditor of the Company for a period of 3 consecutive years to hold office from the conclusion of Annual General Meeting (AGM) held in the financial year 2014-15 till the conclusion of AGM to be held for the financial year 2016-17 subject to ratification at every AGM.

They have confirmed their eligibility under Section 141 of Companies Act 2013 and that are not disqualified for appointment and being eligible offer themselves for re-appointment. Pursuant to the provisions of Section 139 of the Companies Act, 2013 and the Rules framed there under, the Board recommends the appointment of M/s N.K. Bector & Co., Chartered Accountants, having (Firm Registration No. 081095N) in place of M/s. R. Tayal & Associates, Chartered Accountants, as the statutory auditors of the Company for the Financial Year 2017-18. The Auditors’ Report does not contain any qualification. Notes to Accounts and Auditors remarks in their

report are self-explanatory and do not call for any further comments.

SECRETARIAL AUDITOR AND THEIR REPORT

In terms of Section 204 of the Act and Rules made there under, M/s. Rashmi Sahni & Associates, Practicing Company Secretary have been appointed Secretarial Auditors of the Company. The report of the Secretarial Auditors is annexed as Annexure II to this report. The report is self-explanatory and do not call for any further comments.

INTERNAL FINANCIAL CONTROL WITH REFERENCE TO FINANCIAL STATEMENTS

The Company has engaged the services of Mr. Jai Kishan Gupta, as Internal Auditor of the Company for the financial year 2016-17 to carry out the internal audit and ensure that recording and reporting are adequate and proper, the internal controls exist in the system and that sufficient measures are taken to update the internal control system. During the year, such controls were tested and no reportable material weakness in the design or operation was observed.

The Board has adopted the policies and procedures for ensuring the orderly and efficient conduct of its business, including adherence to the Company’s policies, the safeguarding of its assets, the prevention and

detection of fraud and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial disclosure.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS U/S 186 OF THE COMPANIES ACT, 2013

The Company has complied with the provisions of Section 186 of the Companies Act, 2013 while giving loans. However, since the main business activity of company is share trading therefore, on acquisitions of shares of other body corporate the provisions with respect to acquisition of shares are not applicable pursuant to Section 186 (11) (b) of the Companies Act, 2013.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTY TRANSACTIONS

During the year under consideration, the Company has not entered into any contract or arrangements with related parties referred to in sub-section (1) of Section 188 of the Companies Act, 2013.

SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS

No significant or material orders were passed by the Regulators or Courts or Tribunals which impact the going concern status and Company’s operations in future.

EXTRACT OF ANNUAL RETURN

As required pursuant to Section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014. The extract of Annual Return, in Form MGT -9, for the Financial Year 2016-17 has been annexed as Annexure I to this report.

CORPORATE SOCIAL RESPONSIBILITY (CSR)

The provisions of Section 135 of the Companies Act, 2013 read with the Rules made thereunder, in respect of Corporate Social Responsibility Policy were not applicable to the Company for the Financial Year 2016-17.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO: Energy conservation continues to be an area of major emphasis in our Company. Efforts are made to optimize the energy cost while carrying out the manufacturing operations. Particulars with respect to conservation of energy and other areas as per Section 134(3)(m) of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, are annexed hereto and form part of this report as Annexure IV and is attached to this report. BOARD COMMITTEES

A. AUDIT & RISK MANAGEMENT COMMITTEE.

The Audit and Risk Management committee of the Board of Directors was constituted on 18.06.2014 in conformity of provisions of the Companies Act, 2013. The committee comprises of three Independent

directors i.e. Sh. Krishan Kumar, Sh. Shiv Prashad Mittal and Sh. Timir Sen Gupta. Sh. Krishan Kumar is the Chairperson of the said committee. The Committee met Four (4) times during the year.

B. NOMINATION AND REMUNERATION COMMITTEE

The Nomination & Remuneration Committee was constituted by the Board on 18.06.2014, consisting of majority of Non Executive Independent directors i.e. Sh. Timir Sen Gupta, Sh. Krishan Kumar and Sh. Gulshan Rai. Sh. Timir Sen Gupta is the Chairperson of said Committee. The Committee met two times during the year under review. C. STAKEHOLDER’S RELATIONSHIP CPMMITTEE The Nomination & Remuneration Committee was constituted by the Board on 18.06.2014, consisting of two Non Executive Independent directors i.e. Sh. Krishan Kumar and Sh. Timir Sen Gupta. Sh. Krishan Kumar is the Chairperson of said Committee. POLICIES

A).VIGIL MECGHANISM AND WHISTLE BLOWER POLICY

Pursuant to provisions of Section 177 (9) of the Companies Act, 2013, the Company has established a “Vigil Mechanism” incorporating Whistle Blower Policy in terms of the Listing Agreement for employees

and directors of the Company, for expressing the genuine concerns of unethical behavior, frauds or violation of the codes of conduct by way of direct access to the Chairman/Chairman of the Audit Committee in exceptional cases. The Company has also provided adequate safeguards against victimization of employees and Directors who express their concerns.

B). REMUNERATION POLICY

The Nomination & Remuneration Committee of the Company has formulated the Nomination & Remuneration policy on Director’s appointment and remuneration includes the criteria for determining

qualifications, positive attributes, independence of a director and other matters as provided under Section 178(3) of the Companies Act, 2013. The Nomination & Remuneration Policy is annexed thereto and form part of this Report.

C). RISK MANAGEMENT POLICY

The Audit & Risk Management Committee has formulated Risk Management Policy of the Company which has been subsequently approved by the Board of Directors of the Company. The aim of risk management policy is to maximize opportunities in all activities and to minimize adversity. The policy includes identifying types of risks and its assessment, risk handling and monitoring and reporting, which in the opinion of the Board may threaten the existence of the Company.

D). RELATED PARTY TRANSACTION POLICY

Related Party Transaction Policy, as formulated by the Company defines the materiality of related party transactions and lays down the procedures of dealing with Related Party Transactions that may have potential conflict with the interest of the Company at large. Transactions entered with related parties as defined under the Companies Act, 2013 during the Financial Year 2016-17 were mainly in the Ordinary

Course of business and on an arm's length basis. Prior approval of the Audit and Risk Management Committee is obtained by the Company before entering into any Related Party Transaction as per the applicable provisions of the Companies Act 2013 SHARES A). BUY BACK OF SECURITIES The Company has not bought back any of its securities during the year under review. B). SWEAT EQUITY The Company has not issued any Sweat Equity Shares during the year under review. C). BONUS SHARES No Bonus Shares were issued during the year under review. D).EMPLOYEES STOCK OPTION PLAN The Company has not provided any Stock Option Scheme. ACKNOWLEDGEMENT

Your Directors would like to express their sincere appreciation for the assistance and co-operation received from the financial institutions, banks, Government authorities, customers, vendors and members during the year under review. Your Directors also wish to place on record their deep sense of appreciation for the committed services by the Company’s executives, staff and workers. The Directors also express their gratitude to the Shareholders for the confidence reposed in the Management of the Company.

For and on behalf of the Board


Place: Ludhiana. Sd/ sd/

Date: 16.08.2017 Gulshan Rai Shiv Prashad

(Managing Director) (Director)

DIN: 01145876 DIN: 01091474

Address: F-134, Sarojini Nagar, Address: 154/1, Maharani

New Delhi-110023 Jhansi Road, Civil Lines,

Ludhiana-141001

ANNEXURE I to Director’s Report

Form MGT-9

(Pursuant to Section 92(3) of the Companies Act, 2013 and rule 12 (1) of Companies

(Management & Administrations) Rules, 2014)

EXTRACT OF ANNUAL RETURN

As on the financial year ended 31st March, 2017

I. REGISTRATION & OTHER DETAILS:

1. CIN L51909PB1981PLC046333

2. Registration Date 11.06.1981

3. Name of the Company CREATIVE INTRA LIMITED

4. Category/Sub-category of the

Company

Company limited by Shares/ Non-Government

Company

5. Address of the Registered office &

contact details

GT Road, Miller Ganj, Ludhiana Ludhiana PB

141003 IN

6. Whether listed company Yes

7. Name, Address & contact details of

the Registrar & Transfer Agent, if

any.

Beetal Financial & Computer Services (P) Ltd.

Beetal house,3rd Floor, 99, Madangir, Near

Local Shopping Complex, New Delhi-110092.

Tel.: 011-29961281, 29961284

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY (All the business activities contributing 10 %

or more of the total turnover of the company shall be stated)

S. No. Name and Description of main

products / services

NIC Code of the

Product/service

% to total turnover of the

company

1. Other retail trading 47990 89.94

III. PARTICULARS OF HOLDING, SUBSIDIARY OR ASSOCIATE COMPANY (All the business activities

contributing 10 % or more of the total turnover of the company shall be stated)

SL

No.

Names & address of

the Company

CIN/GLN

Holding/ Subsidiary/

Associate

% of shares

held

Applicable

Section

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)

Category-wise Share Holding

Category of

Shareholders

No. of Shares held at the beginning

of the year[As on 01-April-2016]

No. of Shares held at the end of the

year[As on 31-March-2017]

%

Chang

e

during

the

year

De

ma

t

Physical Total % of

Total

Share

s

De

ma

t

Physical Total % of

Total

Shares

A. Promoters

(1) Indian

a) Individual/

HUF 0 2341582 2341582 42.10 0 2341582 2341582 42.10 0.00

b) Central

Govt. 0 0 0 0.00 0 0 0 0.00 0.00

c) State

Govt.(s) 0 0 0 0.00 0 0 0 0.00 0.00

d) Bodies

Corp. 0 1697751 1697751 30.52 0 1697751 1697751 30.52 0.00

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

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

Total

shareholding

of Promoter 0 4039333 4039333 72.63 0 4039333 4039333 72.63 0.00

N. A.

(A)

B. Public

Shareholdin

g

1. Institutions

a) Mutual

Funds 0 0 0 0.00 0 0 0 0.00 0.00

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

c) Central

Govt 0 0 0 0.00 0 0 0 0.00 0.00

d) State

Govt(s) 0 0 0 0.00 0 0 0 0.00 0.00

e) Venture

Capital Funds 0 0 0 0.00 0 0 0 0.00 0.00

f) Insurance

Companies 0 0 0 0.00 0 0 0 0.00 0.00

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

h) Foreign

Venture

Capital Funds 0 0 0 0.00 0 0 0 0.00 0.00

i) Others

(specify) 0 0 0 0.00 0 0 0 0.00 0.00

Sub-total

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

2. Non-

Institutions

a) Bodies

Corp.

i) Indian 0 1138052 1138052 20.46 0 1138052 1138052 20.46 0.00

ii) overseas 0 0 0 0.00 0 0 0 0.00 0.00

b) Individuals

i) Individual

shareholders

holding

nominal share

capital up to

Rs. 1 lakh 0 101493 101493 1.82 0 101493 101493 1.82 0.00

ii) Individual

shareholders

holding

nominal share

capital in

excess of Rs 1

lakh 0 282402 282402 5.07 0 282402 282402 5.07

0.00

c) Others

(specify)

Non Resident

Indians 0 0 0 0.00 0 0 0 0.00 0.00

Overseas

Corporate

Bodies 0 0 0 0.00 0 0 0 0.00 0.00

Foreign

Nationals 0 0 0 0.00 0 0 0 0.00 0.00

Clearing

Members 0 0 0 0.00 0 0 0 0.00 0.00

Trusts 0 0 0 0.00 0 0 0 0.00 0.00

Foreign

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

Sub-total

(B)(2):- 0 1521947 1521947 27.36 0 1521947 1521947 27.36 0.00

Total Public

Shareholding

(B)=(B)(1)+

(B)(2) 0 1521947 1521947 27.36 0 1521947 1521947 27.36 0.00

C. Shares

held by

Custodian

for GDRs &

ADRs 0 0 0 0.00 0 0 0 0.00 0.00

Grand Total

(A+B+C) 0 5561280 55612800 100.0 - 5561280 55612800 100.0 Nil

i) Shareholding of Promoter-

SN Shareholder’s

Name

Shareholding at the beginning

of the year

Shareholding at the end of the

year

%

change

in

shareh

olding

during

the

year

No. of

Shares

% of

total

Shares

of the

compan

y

%of

Shares

Pledge

d /

encum

bered

to

total

shares

No. of

Shares

% of total

Shares of

the

company

%of

Shares

Pledged

/

encumbe

red to

total

shares

1 Alka Mittal 84586 1.52 - 84586 1.52 - 0.00

2 Mahesh Mittal 100 0.00 - 100 0.00 - 0.00

3 Gulshan Rai 13582 0.24 - 13582 0.24 - 0.00

4 Raj Rani Mittal 222846 4.00 - 222846 4.00 - 0.00

5 Rajiv Mittla 100 0.00 - 100 0.00 - 0.00

6

Shiv Parshad

Mittal 1622620 29.18 - 1622620 29.18 - 0.00

7

Shiv Parshad

Rajeev Kumar 5000 0.09 - 5000 0.09 - 0.00

8

Shiv Parshad

Aggarwal &

sons (HUF) 6000 0.11 - 6000 0.11 - 0.00

9 Sohan Lal

100 0.00 - 100 0.00 - 0.00

Mittal

10 Uma Mittal 111527 2.01 - 111527 2.01 - 0.00

11 Vinayak Mittal 275121 4.95 - 275121 4.95 - 0.00

12

Aarti Steels

Ltd. 1697751 30.52 - 1697751 30.52 - 0.00

Total 4039333 72.63 - 4039333 72.63 - 0.00

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

SN

Particulars

Shareholding at the

beginning of the year

Cumulative Shareholding

during the year

No. of

shares

% of total

shares of the

company

No. of

shares

% of total

shares of the

company

1. Shiv Parshad Mittal

At the beginning of the year 1622620 29.18 1622620 29.18

Change in Shareholding Nil Nil Nil Nil

At the end of the year 1622620 29.18 1622620 29.18

2. Gulshan Rai




3. Aarti Steels Limited




There is no change in Promoters’ shareholding between 01.04.2016 to 31.03.2017

iii) Shareholding Pattern of top ten Shareholders: (Other than Directors, Promoters and

Holders of GDRs and ADRs):

SN For Each of the Top 10 Shareholders Shareholding at the

beginning of the year

Cumulative

shareholding during

the Year

No. of

shares

% of total

shares of

the

company

No. of

shares

% of

total

shares

of the

compan

y

1. Gala Finance & Investment Limited


Date wise increase/decrease during the

year

- - - -

At the end of the year 1068540 19.21

2. O.P. Bhatia



year

- - - -


3. Ragini Gupta



year

- - - -


4. Jyoti Gupta



year

- - - -


5. A.K. Singhal



year

- - - -


6. Anuj Agarwal



year

- - - -


7. Diamond Commercial



year

- - - -


8. Kamlesh Garg



year

- - - -


9. Genlite Traders & Finance Limited



year

- - - -


10 Mini Commercial Co. Ltd.



year

- - - -


iv) Shareholding of Directors and Key Managerial Personnel:

S

N

Shareholding of each Directors and

each Key Managerial Personnel

Shareholding at the

beginning of the

year

Cumulative

Shareholding during

the Year

No. of

shares

% of total

shares of

the

company

No. of

shares

% of total

shares of

the

company

1. Timir Sengupta

At the beginning of the year 0 0 0 0

Date wise increase/decrease during 0 0 0 0

the year

At the end of the year 0 0 0 0

2. Gulshan Rai


Date wise increase/decrease during

the year

0 0 0 0


3. Shiv Parshad Mittal


Date wise increase/decrease during

the year

0 0 0 0


V. INDEBTEDNESS -Indebtedness of the Company including interest outstanding/accrued but not

due for payment.

Secured Loans

excluding

deposits

Unsecured

Loans Deposits

Total

Indebtedness

Indebtedness at the beginning of

the financial year

i) Principal Amount

ii) Interest due but not paid

iii) Interest accrued but not due

Total (i+ii+iii)

Change in Indebtedness during the

financial year

* Addition

* Reduction

Net Change

Nil

Indebtedness at the end of the

financial year

i) Principal Amount

ii) Interest due but not paid

iii) Interest accrued but not due

Total (i+ii+iii)

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL-

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

SN. Particulars of Remuneration Name of MD/WTD/ Manager Total Amount

----- ---- ---- ---

1 Gross salary

(a) Salary as per provisions

contained in section 17(1) of the

Income-tax Act, 1961

(b) Value of perquisites u/s 17(2)


(c) Profits in lieu of salary under

section 17(3) Income- tax Act,

1961

2 Stock Option

3 Sweat Equity

4 Commission

- as % of profit

- others, specify…

5 Others, please specify

Total (A)

Ceiling as per the Act

B. Remuneration to other directors

SN. Particulars of Name of Directors Total Amount

N. A.

Remuneration

………………. …………….

1 Independent Directors

Fee for attending board

committee meetings

Commission

Others, please specify

Total (1)

2 Other Non-Executive

Directors

Fee for attending board

committee meetings

Commission

Others, please specify

Total (2)

Total (B)=(1+2)

Total Managerial

Remuneration

Overall Ceiling as per the

Act

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD

SN Particulars of Remuneration Key Managerial Personnel

CEO CS CFO Total

1 Gross salary

(a) Salary as per provisions contained

in section 17(1) of the Income-tax Act,

1961

0.00 1,50,000.00 0.00 0.00

(b) Value of perquisites u/s 17(2) 0.00 0.00 0.00 0.00

N.A.


(c) Profits in lieu of salary under

section 17(3) Income-tax Act, 1961

0.00 0.00 0.00 0.00

2 Stock Option 0.00 0.00 0.00 0.00

3 Sweat Equity 0.00 0.00 0.00 0.00

4 Commission

- as % of profit 0.00 0.00 0.00 0.00

others, specify… 0.00 0.00 0.00 0.00

5 Others, please specify

Total 0.00 1,50,000.00 0.00 0.00

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

Type Section of the

Companies

Act

Brief

Description

Details of

Penalty /

Punishment/

Compounding

fees imposed

Authority

[RD /

NCLT/

COURT]

Appeal

made,

if any

(give

Details)

A. COMPANY

Penalty None

Punishment None

Compounding None

B. DIRECTORS

Penalty None

Punishment None

Compounding None

C. OTHER OFFICERS IN DEFAULT

Penalty

Punishment None

Compounding None



Place: Ludhiana. Sd/ sd/


(Managing Director) (Director)

DIN: 01145876 DIN: 01091474



Ludhiana-141001

Annexure-II to Director’s Report

SECRETARIAL AUDIT REPORT

FOR THE FINANCIAL YEAR ENDED 31.03.2017

[Pursuant to Section 204(1) of the Companies Act, 2013 and rule No.9 of the Companies (Appointment

and Remuneration of Managerial Personnel) Rules, 2014]

To,

The Members,

M/s. Creative Intra Limited

GT Road, Miller Ganj, Ludhiana,

Punjab-141003, India.

I was appointed by the Board of Directors of M/s. Creative Intra Limited (hereinafter called the Company) in

the Board Meeting held on 26.08.2016 to conduct Secretarial Audit on Compulsory basis for the financial

year of the Company ended on 31st March, 2017.

I conducted the Secretarial Audit of the compliance of applicable statutory provisions and the adherence to

good corporate practices by M/s. Creative Intra Limited (hereinafter called the Company). Secretarial Audit

was conducted in a manner that provided me a reasonable basis for evaluating the corporate

conducts/statutory compliances and expressing my opinion thereon.

Management’s Responsibility for Secretarial Compliances

The Company’s Management is responsible for preparation and maintenance of Secretarial records and for

devising proper system to ensure compliance with the provisions of applicable laws and regulations.

Auditor’s Responsibility

My responsibility is to express an opinion on the Secretarial records, Standards, Procedures followed by the

Company with respect to Secretarial Compliances.

I believe that audit evidence and information obtained from the Company’s management is adequate and

appropriate for me to provide a basis for my opinion.

Opinion

Based on my verification of the Company’s books, papers, minute books, forms and returns filed and other

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

and authorized representatives during the conduct of Secretarial Audit, I hereby report that in my opinion,

the Company has, during the audit period covering the financial year ended on 31.03.2017, complied

with the statutory provisions listed hereunder and also that the Company has proper Board-processes and

compliance-mechanism in place to the extent, in the manner and subject to the reporting made hereinafter:

I examined the books, papers, minute books, forms and returns filed and other records maintained by the

Company for the financial year ended on 31.03.2017, and according to the provisions of:

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

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

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

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

Foreign Direct Investment, Overseas Direct Investment and External Commercial Borrowings; (not

applicable since there is no action/ event in pursuance of said regulation)

(v) The following Regulations and Guidelines prescribed under the Securities and Exchange Board of

India Act, 1992 (‘SEBI Act’):-

(a) The Securities and Exchange Board of India (Substantial Acquisition of Shares and

Takeovers) Regulations, 2011;

(b) Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015;

(c) The Securities and Exchange Board of India (Issue of Capital and Disclosure

Requirements) Regulations, 2009; (Not Applicable as the Company has not issued any further share

capital during the period under review);

(d) Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014; (not

applicable since there is no action/ event in pursuance of said regulation)

(e) The Securities and Exchange Board of India (issue and listing of Debt Securities Regulations,

2008); (Not Applicable as the Company has not issued and listed any debt securities during the

financial year under review)

(f) The Securities and Exchange Board of India (Registrars to an issue and Share Transfer Agent)

Regulations, 1993 regarding the Companies Act and dealing with client (Not Applicable as the

Company is not registered as Registrar to issue and Share Transfer Agent during the financial year

under review);

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

(applicable as the Company has filed an application with Delhi Stock Exchange and Calcutta Stock

Exchange for Delisting of Equity Shares in pursuance of the said regulations, which was approved in

the Board meeting conducted on 27.04.2016 ).

(h) The Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998; (Not

applicable as the Company has not bought back/proposed to buy-back any of its securities during

the financial year under review);

(i) The Securities and Exchange Board of India (Listing Obligations and disclosure requirements)

Regulations, 2015.

The Company has identified the following law(s) specifically applicable to the Company and/or followed

by the Company:

(i) Reserve Bank of India Act, 1934

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

(i) The Listing Agreements entered into by the Company with Calcutta Stock Exchange;

(Company’s trading is suspended on Calcutta Stock Exchange)

(ii) Secretarial Standards with regard to Meeting of Board of Directors (SS-1) and General

Meetings (SS-2) issued by The Institute of Company Secretaries of India;

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

Regulations, Guidelines, Standards, etc. mentioned above subject to the following observations:

In Compliance Regulation 31(2) of The Securities and Exchange Board of India (Listing

Obligations and disclosure requirements) Regulations, 2015 and SEBI circular

CIR/CFD/CMD/13/2015 dated November 30, 2015, the company has not maintained shares of

the promoters in Dematerialized format and further according to said circular, at least 50% of

non-promoter holding were to be held in dematerialized form. The company submits that it

cannot do online trading of shares since CSE does not provide facility for online trading of

shares itself so therefore company has not maintained shares in demat.

As per SEBI Regulation 44(1) and section 110 of Companies Act, 2013, it was mandatory for

listed entities to provide e-voting facility for all by shareholders meetings but company has not

provided e-voting facility for Annual General Meeting for the year ended March 31, 2016. The

company submits that since the company was in process of delisting of its shares, so it could not

provide delisting facility for said AGM however, after that company has provided the said

facility.

In compliance to SEBI Regulation 47, newspaper advertisements were not published and

therefore cannot be submitted to stock exchange for prescribed items within prescribed time.

The Company’s shares are listed at Calcutta Stock Exchange but its trading is suspended since

few years back due to non-compliance. Although the listing fees including interest and penalty

have been paid to Calcutta Stock Exchange by the Company for the period under review.

Further, intimations/ compliances have been already provided to Calcutta Stock Exchange as

required under various clauses of Listing Agreement and as per the SEBI (LODR), 2015, by the

Company in order to enable the Calcutta Stock Exchange to revoke the suspension (The said

revocation is in-process at the Calcutta Stock Exchange) .

In compliance to Regulation 10 of SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015 which requires that all the listed entities shall file the reports, statements,

documents, filings and any other information with the recognized stock exchange(s) on the

electronic platform as specified by the Board or the recognized stock exchange(s), but Calcutta

Stock Exchange do not provide any such facility or has not issued any circular in this regard.

I further report that

1. The Board of Directors of the Company is duly constituted with proper balance of Executive

Directors, Non-Executive Directors and Independent Directors. The changes in the

composition of the Board of Directors that took place during the period under review were

carried out in compliance with the provisions of the Act.

2. Adequate notice is given to all directors to schedule the Board Meetings, agenda and detailed

notes on agenda were sent at least seven days in advance, and a system exists for seeking

and obtaining further information and clarifications on the agenda items before the meeting

and for meaningful participation at the meeting.

3. Majority decision is carried through while the dissenting members’ views are captured

and recorded as part of the minutes.

4. The Company has proper Board processes.

I further report that there are adequate systems and processes in the Company commensurate with the size

and operations of the Company to monitor and ensure compliance with applicable laws, rules, regulations

and guidelines.

I further report that during the financial year under review, there were following specific events/actions

having any major bearing on the Company’s affairs in pursuance of the above-referred law, rules, regulations,

guidelines, standards, etc.,:-

1. The Board of Directors at their meeting held on 27th April, 2017 has approved to apply for de-listing of its

securities listed on the Calcutta Stock Exchange subject to further discussions and approvals of

Shareholders in their respective Meeting, Which was later on approved by Shareholders in the Extra-

ordinary General Meeting conducted on 07th June, 2016. The said application of De-listing is under process

and consideration at Calcutta Stock Exchange.

2. The Board of Directors has approved shifting of Registered Office from its existing address: W-106, Greater

Kailash, Part-II, Nehru Place-110049 to GT Road, Miller Ganj, Ludhiana, Punjab-141003, India, in

Board Meeting conducted on 10th December, 2016, which was later on approved by Shareholders in their

Extra-ordinary General Meeting held on 18th January, 2017.

Date: 15.05.2017

Place: New Delhi sd/

Rashmi Sahni

Practising Company Secretary

Membership No: 25681

Certificate Practice No. 10493

ANNEXURE TO SECRETARIAL AUDIT REPORT

To,

The Members,

M/s. Creative Intra Limited

GT Road, Miller Ganj, Ludhiana,

Punjab-141003, India

Our Secretarial Audit Report of even date is to be read along with this letter:

Management’s Responsibility:

a. Maintenance of Secretarial record is the responsibility of the management of the Company. Our

responsibility is to express an opinion on these secretarial records based on our audit.

Auditor’s Responsibility:

b. We have followed the audit practices and processes as were appropriate to obtain reasonable

assurance about the correctness of the contents of the secretarial records. The verification was

done on the test basis to ensure that correct facts are reflected in secretarial records. We believe

that the processes and practices, we followed provide a reasonable basis for our opinion.

c. We have not verified the correctness and appropriateness of financial records and Books of

Accounts of the Company.

d. Where ever required, we have obtained the Management Representation about the compliance of

laws, rules and regulations and happening of events etc.

e. The Compliance of the provisions of corporate and other applicable laws, and regulations,

standards is the applicability of management. Our examination was limited to the verification of

procedures on test basis.

Disclaimer:

f. The Secretarial Audit Report is neither an assurance as to the future viability of the Company nor

of the efficacy or effectiveness with which the management has conducted the affairs of the

Company.

Date: 15.05.2017

Place: New Delhi

Sd/

Rashmi Sahni

Practising Company Secretary

Membership No: 25681

Certificate Practice No. 10493

Annexure-III to Director’s Report

NOMINATION AND REMUNERATION COMMITTEE POLICY

1. INTRODUCTION

The Company considers human resources as its invaluable assets. This policy on nomination and

remuneration of Directors, Key Managerial Personnel (KMPs) has been formulated in terms of

the provisions of the Companies Act, 2013 in order to pay equitable remuneration to the

Directors and KMPs and to harmonize the aspirations of human resources consistent with the

goals of the Company.

2. DEFINITIONS

‘Board’ means Board of Directors of the Company.

‘Directors’ means Directors of the Company.

‘Committee’ means Nomination and Remuneration Committee of the Company as constituted or

reconstituted by the Board.

‘Company’ means Creative Intra Limited

‘Independent Director’ means a Director referred to in Section 149(6) of the Companies Act,

2013 and rules.

‘Key Managerial Personnel (KMP)’ means-

i) The Managing Director or the Chief Executive Officer or the Manager and in their absence, a

Whole-time Director;

ii) The Company Secretary; and

iii) The Chief Financial Officer

Unless the context otherwise requires, words and expressions used in this policy and not defined

herein but defined in the Companies Act, 2013 as may be amended from time to time shall have

the meaning respectively assigned to them therein.

3. CONSTITUTION OF THE NOMINATION AND REMUNERATION COMMITTEE

The Board has the power to constitute / reconstitute the Committee from time to time in order

to make it consistent with applicable statutory requirements. At present, the Nomination and

Remuneration Committee of the Company comprises of the following members:

a) Mr. Timir Sengupta, Chairman, Independent Director

b) Mr. Krishan Kumar, Independent Director

c) Mr. Lakhwinder Kumar Aggarwal, Independent Director

The terms of the Committee shall be continued unless terminated by the Board of Directors.

4. OBJECTIVE AND PURPOSE OF THE POLICY

The objectives and purpose of this policy are:

To formulate the criteria for determining qualifications, competencies, positive attributes

and independence for appointment of a Director (Executive and Non-Executive) and

recommend to the Board policies relating to the remuneration of the Directors and Key

Managerial Personnel;

To evaluate the performance of the Members of the Board and provide necessary report to

the Board for further evaluation;

To devise a policy on Board diversity;

5. MEETINGS

The meeting of the Committee shall be held at regular intervals as deemed fit and

appropriate.

The Company Secretary of the Company shall act as the Secretary of the Committee.

The Nomination and Remuneration Committee shall set up a mechanism to carry out its

functions, as deemed necessary for proper and expeditious execution.

The Chairman of the Committee or in his absence any other member of the Committee

authorized by him on his behalf shall attend general meetings of the Company.

6. APPOINTMENT - CRITERIA & QUALIFICATIONS

The Committee shall consider the standards of qualification, expertise and experience of the

candidates for appointment as Director, Key Managerial Personnel and Senior Management and

accordingly recommend to the Board his/her appointment.

A person to be appointed as Director and KMP should possess adequate qualification, expertise

and experience for the position he / she is considered for appointment. The Committee has

discretion to decide whether qualification, expertise and experience possessed by a person is

sufficient / satisfactory for the concerned position.

Size and composition of the Board:

Periodically reviewing the size and composition of the Board to ensure that it is structured to

make appropriate decisions, with a variety of perspectives and skills, in the best interests of the

Company as a whole;

Term / Tenure

1. Managing Director / Whole-time Director

The Company shall appoint or re-appoint any person as its Managing Director and CEO or

Whole-time Director for a term not exceeding five years at a time. No re-appointment shall be

made earlier than one year before the expiry of term.

2. Independent Director

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

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

Company and disclosure of such appointment in the Board’s report.

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

Independent Director shall be eligible for appointment after expiry of three years of ceasing to

become an Independent Director. Provided that an Independent Director shall not, during the

said period of three years, be appointed in or be associated with the Company in any other

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

Independent Director for five years or more in the Company as on April 1, 2014 or such other

date as may be determined by the Committee as per regulatory requirement, he / she shall be

eligible for appointment for one more term of five years only.

Performance Evaluation

The Committee shall carry out evaluation of performance of every Director, KMP and Senior

Management Personnel at regular interval

Removal

Due to reasons for any disqualification mentioned in the Companies Act, 2013, rules made there

under or under any other applicable Act, rules and regulations, the Committee may recommend,

to the Board with reasons recorded in writing, removal of a Director or KMP subject to the

provisions and compliance of the said Act, rules and regulations.

Retirement

The Whole-time Directors and KMP shall retire as per the applicable provisions of the

Companies Act, 2013 and the prevailing policy of the Company. The Board will have the

discretion to retain the Whole-time Directors and KMP in the same position / remuneration or

otherwise, even after attaining the retirement age, for the benefit of the Company.

7. POLICY ON BOARD DIVERSITY

The Board of Directors shall comprise of Directors having expertise in different areas / fields like

Finance, Sales and Marketing, Banking, Engineering, etc. or as may be considered appropriate. In

designing the Board’s composition, Board diversity has been considered from a number of

aspects, including but not limited to gender, age, cultural and educational background, ethnicity,

professional experience, skills and knowledge. The Board shall have at least one Board member

who has accounting or related financial management expertise and at least one woman director.

8. REMUNERATION POLICY

a) Remuneration to director/Managing director/Whole-time Director/KMP

- The Remuneration/Compensation/commission etc. to directors will be determined by the

Committee and recommended to the Board for approval

- The Remuneration/ Compensation/ Commission etc. to be paid to Director/Managing

Director etc. shall be governed as per provisions of the Companies Act, 2013 and rules made

there under or any other enactment for the time being in force.

b) Remuneration to Non-Executive/Independent Director:

The Non-Executive Independent Director may receive remuneration/ compensation/

commission as per the provisions of the Companies Act, 2013. The amount of sitting fees shall be

subject to limits as provided under the Companies Act, 2013 and rules made there under or any

other enactment for the time being in force.

c) Remuneration to other Employees:

- Apart from the Directors, KMPs and Senior Management Personnel, the remuneration for

rest of the employees is determined on the basis of the role and position of the individual

employee, including professional experience, responsibility, job complexity and market

conditions.

- The various remuneration components, basic salary, allowances, perquisites etc. may be

combined to ensure an appropriate and balanced remuneration package.

- The annual increments to the remuneration paid to the employees shall be determined based

on the appraisal carried out by the HODs of various departments. Decision on Annual

Increments shall be made on the basis of this appraisal.

9. DUTIES OF THE COMMITTEE

The duties of the Committee in relation to nomination matters include:

Ensuring that there is an appropriate induction in place for new Directors and members

of Senior Management and reviewing its effectiveness;

Ensuring that on appointment to the Board, Non-Executive Directors receive a formal

letter of appointment in accordance with the Guidelines provided under the Act;

Determining the appropriate size, diversity and composition of the Board;

Setting a formal and transparent procedure for selecting new Directors for appointment

to the Board

Making recommendations to the Board concerning any matters relating to the

continuation in office of any Director at any time including the suspension or termination

of service of an Executive Director as an employee of the Company subject to the

provision of the law and their service contract.

Recommend any necessary changes to the Board; and

to consider any other matters as may be requested by the Board.

The duties of the Committee in relation to remuneration matters include:

to consider and determine the Remuneration Policy, based on the performance and also

bearing in mind that the remuneration is reasonable and sufficient to attract retain and

motivate members of the Board and such other factors as the Committee shall deem

appropriate all elements of the remuneration of the members of the Board.

to consider any other matters as may be requested by the Board.

10. MINUTES OF COMMITTEE MEETING

Proceedings of all meetings must be minutes and signed by the Chairman of the Committee at the

subsequent meeting. Minutes of the Committee meetings will be tabled at the subsequent Board

and Committee meeting.

11. REVIEW AND AMENDMENT

1. The NRC or the Board may review the Policy as and when it deems necessary.

This Policy may be amended or substituted by the NRC or by the Board as and when required and

also by the Compliance Officer where there is any statutory changes necessitating the change in the

policy. However, no such amendment or modification will be binding on the Directors and

employees unless the same is communicated in the manner described as above.

ANNEXURE ’IV’

DISCLOSURE OF PARTICULARS WITH RESPECT TO CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

[Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014]

A. CONSERVATION OF ENERGY

1. The steps taken or impact on conservation of energy;

Creative Intra Limited continued to emphasize on the conservation and optimal utilization of energy in

manufacturing unit of the Company. The energy conservation measures Implemented during FY 2016-17

are listed below:

Lights in the Factory area are switched off whenever not required.

2. Additional Investments & Proposals, if any, being implemented for Reduction of Consumption of Energy:

The company continued its efforts towards effective utilization of energy for reduction in power

consumption. The Company is constantly exploring the use of alternate sources of energy that are

commensurate with the scale of present operations and the type of products being manufactured.

B. TECHNOLOGY ABSORPTION

Efforts, in brief, made towards technology absorption, adaptation and innovation.

C. FOREIGN EXCHANGE EARNINGS AND OUTGO

As the Company has not carried out any activities relating to the export and import during the financial year. There is no foreign exchange expenses and foreign income during the financial year.



Sd/ sd/


Place: Ludhiana. (Managing Director) (Director)

DIN: 01145876 DIN: 01091474



Ludhiana-141001

r

R. TnY*.u & .*ssocI"ATEsCTA.RTERf,,D .T.CCOUI{T*I{TS

H.O. : DHARAM PLAZA, I " fLOOR, RAILWAY &OAD, PAL\.{AL-I2I I 02B.O. : T8?.fl,/5, SECOND FLOOB, KILOI(A8.I, OPP. MATIARANI BAC}I, NET{ DELTII.I 1O014

Ph, | 9811066262,26348044, Fax : 26348043 e-mail : [email protected]

Independent Auditors' Report

ToThe Members ofM/s Creative Intra Limited

Report on the Audit of the Standalone Financial Statements

We have audited the accompanying standalone financial statements of M/s Creative IntraLimited ("the company"), which comprise the Balance Sheet as at 3l't March 2017, and theStatement of Profit and Loss. and statement of Cash Flows lor the year then ended, and notes

to the financial statements, including a summary of significant accounting policies and otherexplanatory information.

Responsibility of Management for Standalone Financial Statements

The Company's Board of Directors is responsible for the matters in seotion 134(5) of theCompanies Act, 2013 ("the Act") with respect to the preparation of these Standalone

financial statements that give a true and fair view of the financial position, financialperformance and cash flows of the Company in accordance with the accounting principlesgenerally accepted in India, including the Accounting Standards specified under Section 133

of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibilityalso includes the maintenance of adequate accounting records in accordance with theprovision of the Act for safeguarding of the assets of the Company and for preventing and

detecting frauds and other irregularities; selection and application of appropriate accountingpolicies; making judgments and estimates that are reasonable and prudent; and design.

implementation and maintenance of intemal financial control, that were operating effectivelyfor ensuring the accuracy and completeness of the accounting records, relcvant to thepreparation and presentation of the financial statement that give a true and fair view and are

' free from material misstatement" whether due to fraud or error.

Auditor's Responsibility

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

We have taken into account the provisions of the Act, the accounting and auditing standardsand matters which are required to be included in the audit report under the provisions of the

Act and the Rules made there under.

We conducted our audit in accordance with the Standards on Auditing specified under section143(10) of the Act. Those Standards require that we comply with ethical requirements andplan and perform the audit to obtain reasonable assurance about whether the financialstatements are tiee from material misstatement. ll

II,(

fI

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

disclosures in the financial statements. The procedures selected depend on the auditor'sjudgment, including the assessment of the risks of material misstatement of the financialstatements. whether due to fraud or error. In making those risk assessments, the auditorconsiders intemal financial control relevant to the Company's preparation of the financialstatements that give true and fair view in order to design audit procedures that are appropriatein the circumstances. An audit also includes evaluating the appropriateness of accountingpolicies used and the reasonableness of the accounting estimates made by Company'sDirectors, as well as evaluating the overall presentation ofthe financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide abasis for our audit opinion on the financial statements.

Opinion

ln our opinion and to the best of our information and according to the explanations given tous, the aforesaid financial statements, give the information required by the Act in the mannerso required and give a true and fair view in conformity with the accounting principlesgenerally accepted in India;

a) In the case of the Balance Sheet, of the state of affairs of the Company as at March 31,

2017;b) In the case of the Statement of Profit and Loss, of the profit for the year ended on that

date; andc) In the case of the Cash Flow Statement, of the cash flows for the year ended on that date.

Report on other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order, 2016 (l'the Order") issued by theCentral Govemment of India in tems of sub-section (11) of section 143 of the Act 2013,we give in the "Annexure A" a statement on the matters Specified in paragraphs 3 and 4of the Order, to the extent applicable.

.2. As required by section 143(3) ofthe Act, we report that:

a) We have sought and obtained all the information and explanations which to the best

of our knowledge and belief were necessary lbr the purposes of our audit.

b) In our opinion proper books of account as required by law have been kept by theCompany so far as it appears from our examination olthose books.

c) The Balance Sheet, the Statement of Profit and Loss, and Cash Flow Statement dealtwith by this Report are in agreement with the books ofaccount.

d) In our opinion, the aforesaid Standalone financial statements comply with the

Accounting Standards specified under Section 133 ofthe Act, read with Rule 7 oltheCompanies (Accounts) Rules, 2014.

e) On the basis of written representations received from the direetors as on 3l ![arch,taken on record by the Board of Directors, none of the directors is ais9$ified

x/\

f

as on 31 March, 2017, from being appointed as a director in terms of Section 164(2)

of the Act.

With respect to the adequacy of the intemal financial controls over financial reportingofthe Company and the operating effectiveness of such controls , refer to our separate

report in "Amexure A"

With respect to the other matters to be included in the Auditor's Report in accordance

with Rule I I olthe Companies (Audit and Auditors) Rules 2014, in our opinion and

to the best ofour information and according to the explanations given to us :

i. The company has disclosed the impact of pending litigations on its financialposition in its standalone financial statements (Refer Note 21);

ii. The Company did not have any long-term conEacts including derivativescontracts for which there were any material foreseeable losses;

iii. There were no amounts which required to be transferred by the Company to the

Investor Education and Protection Fund.

iv. The Company has provided requisite disclosures in its standalone financialstatements as to holding as well as dealings in Specified Banl< Notes during the

period from 8'h November. 201 6 to J0'h December. 2016 and these are inaccordance with the books of accounts maintained by Company.

For R. Tayal & AssociatesChartered AccountantsFirm No.: 006964Nt /-<

t-N ltt'l\4'

.Nishdnt TayalPartnerM. No. : 522305

Place : New DelhiDate : 30th May 2017

t_

Annexure - A to the Auditor's Report

The Annexure referred to in our Independent Auditors' Report to the members of theCompany on the standalone financial statements for the year ended 31st March 2017. wereport that:

(i)(a) The company is maintaining proper records showing full particulars, including

quantitative details and situation offixed assets.

(b) These fixed assets have been physically verihed by the management at reasonableintervals. No material discrepancies were noticed on such verification and the samehave been properly dealt with in the books of account. In our opinion, thisperiodicity of physical verification is reasonable having regard to the size of theCompany and the nature ol its assets.

(c) As per the information and explanations given to us, the company doesn't hold anyimmovable properties. Accordingly the clause i (c) ofthe Order is not applicable tothe Company.

(ii) The physical verification of inventory has been conducted at reasonable intervals by themanagement. No material discrepancies were noticed and they have been properly dealtwith in the books of account.

(iii) According to the information and explanations given to us, the Company has notgranted any loan, secured or unsecured, to companies, firms or other parties covered inthe register maintained under Section 189 ofthe Companies Act, 2013. Accordingly theclause iii (a) and (b) of paragraph 3 ofthe Order are not applicable to the Company.

(iv) According to the information and explanations given to us, the provisions of section185 and 186 of the Companies Act, 2013 in respect of loans, investments, guarantees,and security have been complied with.

(v) According to the information and explanations given to us, the Company has notaccepted any deposit as per the directives issued by the Reserve Bank of India and theprovisions of sections 73 to 76 or any other relevant provisions of the Companies Act2013 and the rules framed there under. Accordingly the clause (v) of paragraph 3 of theOrder is not applicable to the Company.

(vi) The company is not required to maintain cost records as the activities are not specifiedby the Central Govemment for the maintenance ofcost records under Sub Section (1) ofSection 148 of the Companies Act. 2013.

(vii)(a) According to the information and explanations given to us the company is regular in

depositing undisputed statutory dues including provident fund. employees' it

f

insurance, income lax, sales-tax, service tax, duty of customs, duty of excise, valueadded tax. cess and any other statutory dues to the appropriate authorities.

(b) According to the information and explanation given to us, the assessee company has

filed an appeal to Income Tar Appellate Tribunal, Delhi for Assessment Year 2012-13 involving demand of Rs. 8,86,173i- and the department has filed an appeal

involving demand of Rs. 84,55,4811 totaling Rs. 93.41,6451- in respect of incometax as on March 31.2017.

(viii) The Company does not have any loan from financial institution, bank, Govemment ordues to debenture holders during the year. Accordingly, clause (viii) of paragraph 3 ofthe Order is not applicable to the Company.

(ix) We have verified the books & records of the company & it is obsen'ed that companyhas not raised moneys by way of initial public offer or further public offer (includingdebt instruments) and term loans during the period.

(x) To the best of our knowledge and belief and according to the information and

explanations given to us, no fraud on or by the Company by its officers has been

noticed or reported during the course of our audit.

(xi) According to the information and explanations give to us and based on our examinationof the records of the Company, the Company has not paid/provided for managerialremuneration during the year. Accordingly, clause (xi) of paragraph 3 of the Order is

not applicable to the Company.

(xii) In our opinion and according to the information and explanations given to us, theCompany is not a Nidhi Company. Accordingly, clause (xii) of paragraph 3 of the

Order is not applicable.

(xiii) According to the information and explanations given to us, all transactions with therelated parties are in compliance with section 177 and 188 of Companies Act, 2013

where applicable and details of such transactions have been disclosed in standalonefinancial statements as required by applicable standards.

(xiv) According to the information and explanations given to us, the company has not made

any preferential allotment or private placement of shares or fully or partly convertibledebentures during the year under review.

(xv) According to the information and explanations given to us and based on our audit of the

records of the Company, the company has not entered into any non cash transactionswith directors or persons connected with him. Accordingly, clause (xv) of paragraph 3

of the Order is not applicable to the Company

I

(xvi) The Company is registered under section 45-lA ofthe Reserve Bank of India Act 1934.

For R. Tayal & AssociatesChaftered AccountantsFirm No.: 006969Nf-A

-lll, by

Nishant TayalPartnerM. No. : 522305

Place : New DelhiDate : 30th l,/ray 2017

J

Annexure - B to the Auditors' Report

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section143 of the Companies Act, 2013 ("the Act'o)

We have audited the intemal financial controls over financial reporting of M/s CreativeIntra Limited ("the Company") as of 31't March 2017 in conjunction with our audit of the

standalone financial statements ofthe Company for the year ended on that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for establishing and maintaining intemal financialcontrols based on the intemal control over financial reporting criteria established by the

Company considering the essential components of intemal control stated in the CuidanceNote on Audit of Intemal Financial Controls over Financial Reporting issued by the Instituteof Chartered Accountants of India ('ICAI'). These responsibilities include the design,

implementation and maintenance ol adequate intemal financial controls that were operatingeffectively for ensuring the orderly and efficient conduct of its business, including adherence

to company's policies. the safeguarding of its assets, the prevention and detection of fraudsand errors, the accuracy and completeness of the accounting records, and the timelypreparation ofreliable financial information, as required under the Companies Act,20l3.

Auditors' Responsibility

Our responsibility is to express an opinion on the Company's intemal financial controls overfinancial reporting based on our audit. We conducted our audit in accordance with the

Guidance Note on Audil of Intemal Financial Controls over Financial Reporting (the

"Guidance Note") and the Standards on Auditing, issued by ICAI and deemed to beprescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an

audit of intemal financial controls, both applicable to an audit of Intemal Financial Controlsand, both issued by the Institute of Chartered Accountants of India. Those Standards and theGuidance Note require that we comply with ethical requirements and plan and perform the

audit to obtain reasonable assurance about whether adequate intemal financial controls over

. financial reporting was established and maintained and if such controls operated effectivelyin all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy oftheintemal financial controls system over financial reporting and their operating effectiveness.Our audit of intemal financial controls over financial reporting included obtaining anunderstanding of internal financial controls over financial reporting, assessing the risk that amaterial weakness exists, and testing and evaluating the design and operating effectiveness ofintemal control based on the assessed risk. The procedures selected depend on the auditor'sjudgment, including the assessment of the risks of material misstatement of the financialstatements. whethcr due to fraud orerror.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide abasis for our audit opinion on lhe Company's intemal financial controls system over linTpcialreporting. It

t]I

t\I

t

Meaning of Internal Financial Controls over Financial Reporting

A company's intemal financial control over financial reporting is a process designed toprovide reasonable assurance regarding the reliability of financial reporting and the

preparation of financial statements for extemal purposes in accordance with generally

accepted accounting principles. A company's internal financial control over financial reportingincludes those policies and procedures that(1) pertain to the maintenance of records that. in reasonable detail, accurately and fairly

reflect the transactions and dispositions ofthe assets ofthe company;(2) provide reasonable assurance that transactions are recorded as necessary to permit

preparation of financial statements in accordance with generally accepted accoiintingprinciples, and that receipts and expenditures of the company are being made only inaccordance with authorisations of management and directors of the company; and

(3) provide reasonable assurance regarding prevention or timely detection of unauthorisedacquisition, use, or disposition of the company's assets that could have a material effecton the financial statements.

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of intemal financial controls over financial reporting,including the possibility of collusion or improper management override of controls, materialmisstatements due to error or fraud may occur and not be detected. Also, projections of anyevaluation ofthe intemal financial controls over financial reporting to future periods are subjectto the risk that the intemal financial control over financial reporting may become inadequate

because ol changes in conditions. or that the dcgree of compliance with the policies orprocedures may deteriorate.

Opinion

In our opinion, the Company has, in all material respects, an adequate intemal financialcontrols system over financial reporting and such intemal financial controls over financialreporting were operating efTectively as at 3l March 2017, based on the intemal control overfinancial reporting criteria established by the Company considering the essential components

' ol intemal control stated in the Guidance Note on Audit of Intemal Financial Controls OverFinancial Reporting issued by the Institute of Chartered Accountants of India.

For R. Tayal & AssociatesCharteredFirm No.:

M. No. : 522305

Place : New DelhiDate : 30th May 2017

L

CREATIVE INTRA LIMITEDBALANCE SHEET As AT Jt'' MARCH,zorz

PatticularsNoteNo.

As at 3l March, 2()17(Rs.)

As at 3l March. 2t)16(Rs.)

A

B

EQUITY AND LIABILITIES1 Shareholders' funds

(a) Share capital(b) Rescnes and surplus

Current liabilities(a) Olher currenl liabilitics(b) Short Tenn ProYisions

TOTAL

ASSETS

Non-current assets(a) Fi\ed assets

(i) Tangible assets

(iii Dcfcrcd Ta\ Assets

Current asscts

(a) ln\ entorics(a) Trade recei\ ablcs

(b) Cash and cash cqui\ alcnls(c) Short-lcrnt loans and adlances

TOTAL

l

f6

1

8

9

l011

l2

5.56.I2.8(X).0016.09.76.80,1.12

2 i 65 89 61)l 12

20 00.855.(X)12.85.000.(x)

a,r -&5-&i5 {X)

22,28,75,159.12

57.08.625.00I ".10.+20.00

58J9.()15rX1

11 26 10 065 20

l.+0.123.00-7

.11 .200.+1+_:r+_69.025.+5

2tlo.261t+.n__2fiJ3p12-

5.56.12.800.{X)

I5.00..10.79-l.0tt

20-5(j'1r-59+rS

22.5.t.612.002:i.90.()u).00

]arl1l, t2lXl

___21Jl2d!2!!.0!_

59."17.623.00

t.l.+.0+0.00

61 (r6l 00

l8.l()_-10.065.20

7,1.686.00

-1.16..12[a . 9 3

2.26.65.362.95

,0Jr26-51iltt___2!Jt2d!21!!.0!_

Sce accornparl ing notes fonning part oflhe irnancial staternents

Per our Repofl of E\ en Datc

For R. Talal & Associates

Clufiered AccounatentsFrmNo :yA

I

iLwv-/Ni-.t,rn, trr:,,t

-.

Partner ,:M No : 522.1{)5

/h-// Cutslun Rurfdrfu-9

FINANCIAT OFFIC ER

Managing DireclorDIN : 0l l1-s876

Neu' Delhi:10-05-2017

--,<_:f---r1Shiy Prashad

Directort tN 0l09l17+

r),^g\Xni..r rs l],r Dl{ARORAc Ont pA N yiSECRE TARy

I

CREATIVE INTRA LIMITEDpRoFtr & Loss ACC0UNT FoR THE yEAR ENDED 31tt MARCH.2ot7

See accompanl ing notcs lororing part of the flnancial slatcments

Per orll Report of E\-en DateFor R. Ta\ al & Associates

Chartered AccounalantsFirm No. ;.006961

^)tr ','.

NiShant Ta1al. .

Parf ner -.-.i -

M No : 522305

Managing DirectorDIN : 0I I15876

Neu De1li:i0-05-2017 Shiv Prastrad

DirectorDiN : 01091+71

Particulrrs NoteNo-

For the !ear cndcdf I Mrrch- 2017

For the l-enr cndcdJl March- 2016

ReVenue from operationsOthcr Incorne

Total reYenue

Erpenses(a) Purchases of stock-in-trade(b) Changcs in inYcntorics of firrished goods.(a) Emplo\ec bencfit e\penses(b) Finance costs

(c) Dcprcciation afld arnorlisation cxpcnsc(d) Othcr eripenses

Total e\penses

Profit / (Loss) belbre tax (2 - 3)

Ta\ erpense:(a) Currcnt ta\ c\pcnsc for cullcnl \car(b) (Less): MAT credit (\rhere applicablc)rcl Currcrt tir\ c\pcusc rchting to prror-rcrrs(d) Ncl currcnt [a\ c\pcrsc(e) Dcfeffcd ta\

Profit / (Loss) for the tcar ({ - 5)

Earnings pcr sharc (of l0/. cach):(a) Basic(b) Dilutcd

I2

l:ill

l5l6t'7

lttl92t)

I 9l 57 l2l 00

52.03.05 t.00

2..16.60. 172 00

8-1.00_000.00

2.16.000.00716.00

2.71.2 98.00

I8.9{t.081 .96

1.07.86.125.96

I . .i tt.7.1.0-16.01

i0.00.000 00

(.15.58-1.00 )

2'L5{1lft00(26.380.00)

29.28.036.00

r,09,{6,010.0{

1.97

1 .9'.7

2.5i.6tt.323.935 5.9 9. -t 9 5.00

3.11.67.818.93

2.13.76.000.00

l.-50.000.002.303.00

3_09.600.0020 tto I tt7 7l

2.69.1{J.090.7i

.12.19.728.20

0.570 57

11.05.000.00

11.05.000.00(+3.232.01)

10.61.767.99

31,41,960.21

,4it/C 1G'istt:rnaai

(trrehir,JhALH ARORAc m& t,secRe IARY

",€iy^no-{c1r[Er flrrnucAl or flcen

CREATIVE INTRA LIIT{ITEDCASH FLOW STATEMENT POR THE YEAR f,NDED 3IS' MARCH 2017

See accornpanr ing nolcs forl|ling pan of Iltc financixl slalernenls

Pcr our Repon of E\en Date

For R. Ta]at &.Associates

DIN : 0l I'l5li76

ered AccoinatrntsN" rooglrt

Ncrr Dclhi30-05-2017

q,,iI^[nii r! HJ4tH ARORAC.OIVIPANY SECRETARYrvt No 44 fi 24

s.:t-*Shir Prastrad

DircctorDIN : 01091.171

PlrticularsFor the )ear ended

-11 Mrrch- 2{}17

For the lear cnded3l sr March.2016

A

B

C

CASH FLOW FROM OPER{TING ACTIVITIES

Net Profit before tar & crtra items as per Statemrntof Profil & LossAdjustment lor :

Dcpreciatiol & amorlisation e\penses

Interest CostsRcnt Receir cd

Other Non Opcraling Income

Operating Profit Bclbre Worliing Capital ChangeAdiustmcnt for :

(hrcrease)/Dccrcasc in in\ clrlories(lncrersc)/Decrease in tradc rccci\ ablc(lncrcasc),/Dccrease in shorl tcrn loan & ad\ ances

(Incrcase)/Decreasc in othcr currcnt asscts

Increase/(Decrease) in trade paYablc

I ncrease/( Dccrcasc ) iI sllon lenll pror rsions

lncrease/(Decrease) in othcr currcnt liabiliticsCnsh Generlted From OpcrationsNet Incomc Tax (Paid)/ refunds

Other Non Opcrating lncolncNct Cash Cenerated From Operations

CASH FLOW FROM INVESTING ACTIVITIES(Purchasc) of Fixcd Assets

Rent Recei\,ed

Net Cash From Inresting ActiYities

CASH FLOW FROM FINANCING ACTIVITIESIntercst Paid

Nct Cnsh From Financing Actir ities

NET INCREASE/(DECRXASE) IN CASH ANDCASH EQUIVALENTS (A+B+C)CASH AND CASH EQUIVALENTS AT START OF

YEARCASH AND CASH EQUTVALENTS AT CLOSEr)F'YI],dR

1.38.7.1.016.01

2.71.291t.00250.00

(51.75.21Lo0)(27.810.00)

r|9,{2,5{3.0{

tt+.00.000.00(65..137.00)

(2.0n.03.662.50)

18 95 000 00rl 5l 7i7 rlr))

(ts"&.J13JO(29.51.+ r6.00)

27.810.(X)

12.19.'.7 28.20

i.09.600.(x)

(55.99..r95.(X) )

____=.-j-(10,{0,166.80)

(7+.6ri6.oo)(-15.05.983.oo)

I1.05.0(x).(x)(6.31.751.73)

(51,{7,587.53)(l1.05.000.00)

(Jlt-11-919-J6) (62.s2.587.53)

(:i2.3(X).(X))

5 1.75.2,1r.00

(7.27.35.r.00)55.99.195.00

5I -J2.9{t.00 18,72,112.01t

(25r) l)l) )

(2s0.00)

3,30,771.5t

-t.+6..128.93

7,77,200.17

(13,80,{{S.s3)

l n.26.871.-16

4,{6,r28.93

Nishart Ta-val

PaflncrM. No. : 522305

ChartFirm

2.1


NOTES FOR.IVTING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDf,DMARCH 3I. 2017

I. GENERALINFORMATION:

Creative lntra Limited (the "Company") rvas incorporated on June I l, 1981 rvith the Registrar

ofCompanies Delhi and Haryana and now transferred to Registrar of Companies Chandigarh

w.e.f. I 5'h day of March 201 7, having ifs registered office at GT Road Miller Ganj Ludhiana,

Punjab-141003. The Company is engaged in business of Share trading, financial Consultancy

and it is earning Renl from it: investments in propenies.

2. SIGNITICANTACCOUNTINGPOLICIES:

Basis of preparation of financial statements

Thcsc financial statements arc prepared in accordance with Indian Generally Acccpted

Accounting Principles (GAAP) under the historical cost convention on the accrual basts

except for certain financial instruments which are measured at fair values. GAAP comprises

mandatory accounting standards as prescribed under Section 133 ofthe Companies Act,2013('Act') read with Rule 7 ofthe Companies (Accounts) Rules, 2014, the provisions ofthe Act(to the extent notified) and guidelines issued by the Securities and Exchange Board of lndia

(SEBI). Accounting policies have been consistently applied except where a newly issued

accounting standard is initially adopted or a revision to an existing accounting standard

requires a clrarrge in the accounting policy hitherto in use.

2.2 Use of estimates

The preparation of the financial statements in conformity with GAAP requires management to

make estimates and assumptions that affect the reported balances of assets and liabilities and

disclosures relating to contingent liabilities as at the date of the financial statements and

reported amounts of income and expenses during the period. Examples of such estimates

include computation of percentage of completion which requires the Company to estimate the

efforts or costs expended to date as a proportion of the total efforts or costs to be expended,

provisions for doubtful debts, future obligations under employee retirement benefit plans,

income taxes, post-sales customer support and the useful lives of fixed tangible assets and

intangible assets.

Accounting estimates could change from period to period. Actual results could differ from

those estimates. Appropriate changes in estimates are made as the Management becomes

aware of changes in circumstances surrounding the estimates. Changes in estimates are

reflected in the financial statements in the period in which changes are made and, if material,

their effects are disclosed in the notes to the financial statements.

Revenue reeognition

Sale ofgoods

Revenue from the sale of products, net of retums & trade discounts is recognised

2.3


of substantial risk and rewards of ownership to the customers, which generally coincides with

the delivery of goods to customers, and is net of value added tax, where applicable, but

inclusive of excise dufy.

Income from services

Revenue from services is recognised when services are rendered and related costs are incurred.

Foreseeable losses on contracts are recognised u'hen probable.

Other income

Intercst income is accounted on accrual basis. Dividend income is accounted for when the

right to receive it is established.

Profit on sale of investments is recorded on transfer of title from the Company and is

determined as the difference between the sale price and carrying value of the investment.

Lease rentals are recognized ratably on a straight line basis over the lease term. Interest is

recognized using the time-proportion method, based on rates implicit in the transaction.

Dividend income is recognized when the Company's right to receive dividend is established

2,4 Provisions and contingent liabilities

A provision is recognized if, as a result of a past event. the Company has a present legal

obligation that is reasonably estimable and it is probable that an outflow of economic benefits

will be required to settle the obligation. Provisions are determined by the best estimate of the

outflow of economic benefits required to settle the obligation at the reporting date. Where no

reliable estimate can be made, a disclosure is made as contingent liabiliry.

There is a contingent liability totaling Rs. 93,41,645/- on account of appeal filed to Income

Tax Appellate Tribunal, Delhi by Assessee Company Rs. 8,86,173/- and by Department Rs.

84.55.48 I /- respectir.ely.

. 2,5 Tangible assets and capital work-in-progress

Tangible assets are stated at cost, tess accumulated depreciation and impainnent, if any. Direct

costs are capitalized until such assets are ready for use. Capital work-in-progress comprises ofthe cost of fixed assets that are not yet ready for their intended use at the reporting date.

2.6 Depreciation and amortization

Depreciation on tangible assets is provided on the straight-line method over the useful lives ofassets estimated by the Management. Depreciation for assets purchased / sold during a period

is proportionately charged. Intangible assets are amortized over their respective individual

estimated useful lives on a straight-line basis, commencing from the date the asset is available

to the Company for its use.

2.7 Share-basedpayments

entThe company accounts for equity settled stock options as per the accounting

f

2.8

CREATIW INTM LIMITED

prescribed by Securities and Exchange Board of India (share based employee benefits)

Regulations, 2014 and the Guidance Note on Employee Share-based Payments issued by the

lnstitute of Chartered Accountants of India using the intrinsic value rnethod.

Income taxes

Income taxes are accrued in the same period that the related revenue and expenses arise. Aprovision is made for income tax, based on the tax liabilify computed, after considering tax

allowances and exemptions. Provisions are recorded when it is estimated that a liability due to

disallowances or other matters is probable. Minimum altemate tax (MAT) paid in accordance

with the tax laws, which gives rise to future economic benefits in the form of tax credit against

future income tax liability, is recognized as an asset in the Balance Sheet ifthere is convincing

evidence that the Company will pay normal tax after the tax holiday period and the resultant

asset can be measured reliably. The Company offsets, on a year on year basis, the current tax

assets and liabilities, where it has a legally enforceable right and where it intends to settle such

assets and liabilities on a net basis.

The differences that result between the profit considered for income taxes and the profit as per

the financial statements are identified. and thereafter a defened tax asset or deferred tarliability is recorded for timing differences, namely the differences that originate in one

accounting period and reverse in another, based on the tax effect of the aggregate amount oftiming difference. The tax effect is calculated on the accumulated timing differences at the end

of an accounting period based on enacted or substantively enacted regulations. Deferred tax

assets in situation where unabsorbed depreciation and carry forward business loss exists, are

recognized only if there is virtual certainty supported by convincing evidence that sufficient

future ta\able income will be available against which such deferred tax asset can be realized.

Deferred tax assets, other than in situation of unabsorbed depieciation and carry forward

business loss, are recognized only if there is reasonable certainty that they will be realized.

Defened ta.\ assets are reviewed for the appropriateness of their respective carrying values at

each reporting date. Deferred tax assets and deferred tax liabilities have been offset wherever

the Company has a legally enforceable right to set off cunent tax assets against current tax

liabilities and where the deferred tax assets and deferred tax liabilities relate to income taxes

levied by the same ta)(ation authority. The income tax provision for the interim period is made

based on the best estimate of the annual average tax rate expected to be applicable for the fullfinancial year. Tax benefits of deductions earned on exercise of employ€e share options in

excess of compensation charged to statement of profit and loss are credited to the securities

premium reserve.

Earnings per share

Basic eamings per share is computed by dividing the net profit after tax by the weighted

average number of equity shares outstanding during the period. Diluted earnings per share is

computed by dividing the profit after tax by the weighted average number of equity shares

considered for deriving basic eamings per share and also the weighted average number ofequity shares that could have been issued upon conversion of all dilutive potential equity

shares. The diluted potential equify shares are adjusted for the proceeds receivable had the

shares been actually issued at fair value which is the average markel value of the outs;anding

IA

IJ

2.9

CREATIW INTRA LIMITED

shares. Dilutive potential equity shares are deemed converted as of the beginning of the

period, unless issued at a laler date. Dilutive potential equity shares are determined

independently for each period presented.

The number of shares and potentially dilutive equity shares are adj usted retrospectively for all

periods presented for any share splits and bonus shares issues including for changes effected

prior to the approval ofthe financial statements by the Board of Directors.

2.lO InYestments

Trade investments are the investments made to enhance the Company's business interests.

Investments are either classified as current or long-term based on Management's intention.

Current investments are carried at the lower of cost and fair value of each investment

individually. Cost for overseas investments comprises the Indian Rupee value of the

consideration paid for the investment translated at the exchange rate prevalent at the date ofinvestment. Long term investments are carried at cost less provisions recorded to recognize

any decline, other than temporary, in the carrying value ofeach investment.

2.ll Cash and cash equivalents

Cash and cash equivalents comprise cash and cash on deposit u'ith banks and corporations.

The Company considers all highly liquid investments with a remaining maturity at the date ofpurchase of three months or less and that are readily convertible to known amounts of cash to

be cash equivalents.

2.12 Cash flow statemenl

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for

the effects of transactions of a non-cash nature, any deferrals or accruals of past or future

operating cash receipts or payments and item of income or expenses associated with investing

or financing cash flows. The cash flows from operating, investing and financing activities of' the Company are segregated.

2.13 Leases

Lease undcr which the Company assumes substantially all the risks and rewards of owncrship

are classified as finance leases. Such assets acquired are capitalized at fair value ofthe asset or

present value ofthe minimum lease payments at the inception ofthe lease, whichever is lower.

Lease payments under operating leases are recognized as an expense on a straight line basf in

the statement ofprofit and loss over tlre lease term. ll

^tl

I

CREAI'I VE INTRA LIMITEI)

As at 3l March, 2017 As rt 31 Mrrch.2{)16

3 SHARE CAPITALAuthoriscd Capilal :

60.()0.000 Equin Sharcs olRs l() (X) cach

lssued. Subscribed & Paid-up Capital :

-1.98.25{) Equitr Sharcs of Rs l0/- cach

50.6:1.0:i0 Equitr Shares ofRs.l0/- cach

flrll1 paid up issued in Scheme of Mcrgcr

Naurc of Shareholder

Mr. Shir Prashad MittalM/s Aarli Stcels LtdM/s Gala Finance & [n'estmert Ltd.

3.3 The reconciliation ofno. ofshares outstanding

Equitl Shares at the beginning ofthc lcar' Add : No. ofShares issued during thc lear

Equill Sharcs at thc cnd oflhc rear

6.()0.00.001).t){) 6.00.00.000.00

6 00 00 000 {)0 (r.00.00.000.(x)

.19. f,i2. 5 00 .00

5"06.:10.100.(x)

.19.lt2.5(X).00

5.06.30.300.00

5.56,12,800.00 _____l,rfJlJ!!!1Jl!!_

3.1 T hc con.rpan) has onll ouc class ofcquill sharcs haling tlte par rrluc ofRs. l0/- per sltarc. Each shareholder is cligible

lor I Vote per share. The dir idcnd proposcd bl thc board of directors is subjected to the approYal of shareholdcrs ercept

i1 c3sc of interirn dirideud. ln thc c\cnt ol liquidation. the equitl shareholdcrs are eligiblc to rcccivc the retnaining

asscts ofthc compan). aftcr distribution ofall prclcntial a[rounts- in proponio[ ofthcir shareholding.

3.2 Details of slures hcld bi sharcholders holding nrore than 5')1, of the aggregate sharcs in lltc companl

As at 3lst March.20l6As a1 :l lst%ol

)|l'7

No. of shares hcld No. of shares held%of

29yo

3 tyo

t9,vo

16.22.620.1)|16.97.7i1.00t0.61t.510.00

16.22.620.00l6_97.75 t.(x)10.68.510.00

: %tgyo

55 61 21t0 00 55.61.2110.1X)

55.61.280.00

CREAL'I VE INTRA LIMITEI)

As at 3l March, 2{)17 As at 31 March. 2{)16

{ RESERVE AND SURPLUSShare Premrun Account

At thc bcginning of thc rcarAdd: Additions during thc \car

At the cnd ofthe Year

Profu & Loss AccountAt the beginning ot thc learAdd : Additions dudnlt thc )car

Al lhe end of lhe Year

5 OTHER CURRI,NT LLABILITIESErpenses PalrblcDutics & Ta\esSundry CrcditorsSccuri$ Deposit

SHORT Tf,RM PROVISIONSPror ision for Incotne Tar

1.10.00.000 00 l.{0.00.000 00

I -lr.()0-00f) 0rl I -10 00 000 (x)

I l.an).30.79.1.08

1 .0 9. -16.0 1 0 . 0-l

13.28.-12.83 3.87

31.87.960.21

I -1.69.76.80-1. l2

__t.!,t2_J!fl!.n

3.1.195. (X )

10.227. (X )

1lJ.800. ( x )

t9 :r7 +13 00

20.00,855.00

11.60.10.7e.I 08

15,00,30,79{.08

2.1ltt. 159 (x)

29.020.(X)

l9 .t7 lll {)0

_____-n6!612.0!_

23.90.000.00

_IJJ0J!!.0'!]_

L

Icc:

a

1

\ia\

<)

t-

|:'-

E!i

c:-=-/T\i

2 ? a ? ",

? ? ? ",

? ?. = =

- 3 Z =

a ?- - ,. ,;.. r ,/ 'd : r.. - : .t -': x,,.... a ar - '_ - : . (r r : a : , a I I t. * t^ t'-'-- 5 ir j t- a it - + a : ,^ z : ,^ F : '.. L:' ,.' , -; -r,- -j -_ ; ; :. .i y- a r *. -.i ,t - -:,;a .r.+

r-FE<qa*<-

.3-] )>

=i'<-/'-'-F==a)'- 1 t-.

.. z = =a_- _,4^,==='=,!=r='-"='? -r! := -* =41:):i-< E = i> += t = i = r. = a.- =_.= !^i'. i r:

-'r: ! r -i :a - .a =

1, :' = r :

= -, 1 :i.i : Js s Z= :-!> : : /

J)(,F

<qa*

trF=<qa9<-

a-F5<.1vr!<'-

rll!tF<E?or.

zF

a9

Z

F

Uri

F]

U

J

&

allirl

sl.it{l

*l

s

$l

Fll1V)

t'Iirt:-

t_CREAT-I VE I NTRA LIMI'I'EI)

As nt 3l March,2017 As at 31 March. 2016(Rs.) (Rs)

IO

II DEFFER-ED TAX ASSETOn dcprcciation (Diflcrcncc of as per Books &as Per lncome Ta\ Acl )

INVENTORIESClosing Stock

(As taken and certified b) Managcmcnt)

TRADf, RECEIVABLESDcbtors outstandinpi lor a pcriod erceeding six ntonlhs

Considered Good

Othcr DcblorsCorsidered Good

1I CASH & BANK BALANCI,SCash in t.{and

Balance $ith Schedulcd Banks

In Cullcnl Accounts

I2 SHORT TER.II{ LOANS & ADVANCES(a) Securio Deposit(b) Balanccs $ith goYernment authorilics

Ursecurcd. considercd good

lncone Ta\ Paid

TDS Rccorcrablc(cl Othcr loans & Ad\ arces

Prcpaid E\penses

Inter corporatc DcpositsAdvance lor Propert]

t.+r)..120 00

______u!!J2!Lt!!_

t 7.26.-10.065.20

17,26,{0,065.20

l. H.0l0 (n)

____J.'1JJ1M'JllL

18.10.-r0.065.20

18.10,{0,(}65.20

7-l.6li6 00

_____-_1f!!{!_

r.+0. 123.00

I,,10,121.00

1.3(r.902 55

(t lll 291 92

2.86.912.55

1.59.-156..18

7,77,2{}$.17 {,{6,J28.93

61. 184.75

.19.91i.019.(x)

.17.17.89-1.00

35"60tt.50

3.33.29"666.(n)

2 .96 .623 .?.\t

5 5. I 1t+.75

10.18.019.00-16.89.185.00

7.8(rl (X)

t.-r5.61r.2 57.00

2.96.623.21)

2,2(,,65.362.95

CREA'L-IVE INTRA LIMII'EI)

As at 31 March. 2017 As at 31 March,2016(Rs., (Rs.)

lJ REVf,NUE FROM OPERATIONInferesf RccciYed

Sale of sharcs & Mutual fitnd

Salc of products cotnprises

Traded goods

Sharcs & Mntual Fruid

Sale of scn iccs

Inlcrcst Inconle

I{ OTHER INCOMEAnount Writtcn BackRent

15 PURCHASES OF STOCK IN TR,A.DE

Purchases

Purclrase of products colnprisesTradcd goods

Shlrcs

16 Chrnges in Inlcntorl-Opcning stock in lradcl-ess: Closing Stock in Tradc

t9.57. I2 t.00I 75 (X).0(X).(X)

9.51.-152.(n)

2.16.16.1t71 9i

____-t2 jilJ2-u'|!l_ ----2,rnfqJ2l.el-

1.75_()().(X)0.00

t9_57. t2 t .(x)

27.13 I0.005175.2"11.(xl

2..16. l6.tt7l .9ll

9 51 152 (X)

s2,03,051.00

55 1)9 .195 rX)

____1i.e2195.0!1_

2.,13.76.(XX) 00

2.13.76.0(X).00

l lt. t{).11).065.20

17.26.+0.065.20

2.-1i.76.(XX).00

18.11).10.065.20

18.10.-10.065.20

I

C REA'|-I VE I NTRA LIM I'I'EI)

As at 31 March,2017 As ut 3l Mrrch. 2{)16

(Rs.) ( Rs.)

I7 EMPLOYEE BENEFIT EXPENSESSalan

III FINANCLAL COSTBanl( Chargcs

I9 DEPR.ECIATION AND AMORTIZATION EXPENSESDcprecialion

20 OTHER EXPENSESAd\ crtisenent E\pensesAnnual listing Fccs

Audit Fccs

Misc. E\penscsElectricih Chargcs

Filing Fccs

I tcrcsl paid

Legal & Profcssional chargcs

Poslage & Telcgral)rPropcrl\ la\PcnalfRcpair & maittlcnauceShort & E\cessTclcphone E\penscs

Printing & Stationary

Processiog Fees

Sdcurill erpenses

Re\ ocation Fccs

Share Transfcr Fcc

TDS Paid - E\penscs

Travelling E\pcnscs

Up kccp ofBuildirg

2. t6.0(10.00 I 50 000 (x)

2,16,000.00 _______]j!lJ1lll1.0!1_

7{6.00 2.30i.00

7l6.tt0 2,303.00

2.7t.29tt.(X) I 09 600 (x)

2,71,298.00 _______1J2J!!.0!l_

38.986.00

211.750.0r )

28.275.001.7 1.912.00

8i.-l(x).(x)250.0()

t..t7.050.0020.1XX).0{)

r.30_087.00

l.7ti.0-l L{x}

i (r. 5 (r"1. 96

tt.(x){).1x)

2.16.(XX).(X)

11.500.00

51.94,0.00

t.lt70.009l.0rx).0()

:i.51..t06.00

1.33.152.(x)

1.1.350 {)0

1.9:r.0-11.00

56.ti00.0()

85.198.00

2.95.:167.0{)

1.29.912.00

t5"750.002"91.2 I t.75

1.392.10

ti 7.5 28.613

2.250 1)0

1.37."100.(x)

1.87.500.00

{ 79 3r2-(X)

20.[i0 Itt7.7I


2l Additional Information to Financial Statements

1. ContingentLiabilitiesThe company is involved in litigation with lncome Tax Department. The Appeal is pending at

lncome Tax Appellate Tribunal (Assessment Year 2012-13) Rs. 93,41,6451.

2. Capital CommitmentsThe estimated amount of contracts remaining to be executed on capital account not providedfor net ofadvances 'NIL' (Previous Year 'NIL').

3. Other CommitmentsThe company has no outstanding commitment at the current as well as previous year which are

of onerous nature i.e. the cancellation of which rnight result in losses disproportionate to thebenefits involved.

Im alue on the lnsurance and F basis

ParticularcAs at 31"

March'2017As at 31"

March'2016Capital Goods Nil NilOthers Nil Nil

4.

1

6.

Activities in l Cu

ParticularsAs at 31"'

March'2017As at 31"

March'2016Outgo Nit NilInflow Nil Nil

Payment to AuditorsAudit Fees (incl. Service Tax) Rs. 28,750.00Other Services (incl. Service Tax) Rs.4.600.00

Disclosure on Specified Bank Notes (SBNs)During the year, the Company had specified bank notes or other denomination note as defined in theMCA notification G.S.R. 308(E) dated March 3 l, 2017 on the details of Specified Bank Notes (SBNS)

held and transacted during lhe period from November 8. 2016 to December 30,2016, the denomination

8.

Per Share LrsParticulars

As at 31"March'2017

As at 31'tMarch'2016

Face Value per Share I 0.00 10.00

Net Profit / (Loss) after Tax 10.946.010.04 3, r87,960.21

Weishted Averase Number of Shares 55,6 t,280 55,61,280Basic & Diluted EPS 1.97 0.57

wise SBNs and other notes as Der nolification is given belou :

Particulars SBNs *Other

DenominationNotes

Total

Closing cash in hand as on November 8,2016 2.69.000.00 11.9'12.55 2.86.972.55(+) Permitted Receipts Nit t,20,000.00 1"20.000.00

) Permitted Payments Nit Nit Nil-) Amount Deposited in Banks 2.69.000.00 Nil 2.69.000.00

Closins cash in hand as on December 30. 20!6 Nit 1.37 -912.55 1.r7.972.55* For the purpose of this clause, the term 'Specified Bank Notes' shall have rhe same meanifg provided

/l

I


9.

A

in the notification of the Govemmenl of lndia, in the Ministry ol Finance, Department of Economic

Affairs number S.O. 3407(E). dated the 8th November, 2016.

Related Partv Disclosure

B Transactions with Related Parties during the Financial Year

10. Previous year figures have been regrouped or reclassified wherever necessary to confirrn to

current year classifi cation.

For R. Tayal & Associates(,C hartered Accou nttrlts)Firm No. : 006969(

'/l

lrirn' I

fiishant TavalPartnerM. No. : 522305

New Delhi30th May 201 7

-,.fttrh[-^COI,lPANY SECRETARY1,, l.lo A4 1 124

Managing DirectorDIN :01145876

-s45e-41Shiv PrashadDirectorDIN : 01091474

Name of Related Parties and ofa. Holdine & Subsidiary Company Noneb. Assoc iate EDterprises None

c. Key Managerial Personnel & theirrelatives

Mr. Mahesh Ivlittal - Director's Relative

Mr. Raieev Mittal - Director's Relative

d. Companies where Key ManagerialPersonnel & their Relatires harcsignificant influence:

None

Nature of Transaction

Holding/Subsidiary/AssociateComDanies

Key ManagementPersonnel

Entities & Relatives ofKMP

2015-16 2016-17 20r5-r6 20lGl7 2015-16 2016-17

L

ii.

L

t1.

SaleMr. Mahesh MinalMr. Rajeev Mittal

Outstandine BalanceMr. Mahesh MittalMr. Rajeev Mittal

75,00,0001.00.00,000

Documents

· BOARD OF DIRECTORS (1) Mr. Gulshan Rai - Managing Director (2) Mr. Shiv Prashad Mittal - Non-Executive Director (3) Mrs. Satnam Kaur - Women Director (4) Mr. Lakhwinder Kumar