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SRI ARUMUGA ENTERPRISE LIMITED(CIN : L17111TZ1984PLC015887)

ANNUAL REPORT 2015 - 2016

Board of Directors

Sri T Rajkumar

Chairman & Managing Director

Sri K Dhanakumar

Sri Vaibhav Duvvur

Smt Manonmani Kandavel

Registered Office

No. 1, Sundaram Brothers’ Layout

Opp. All India Radio, Trichy Road,

Coimbatore - 641 045

Phone : 0422 - 2322340

Email : [email protected]

Works - Garment Division

S.F. No. 281/3A,

Sekkampalayam, Arulpuram

Palladam Road,

Tirupur - 641 605.

Statutory Auditors

M/s S Lakshminarayanan Associates

Chartered Accountants

Coimbatore - 641 018

Bankers

The South Indian Bank Limited

Coimbatore

Purva Sharegistry (India) Private Limited

No.9, Shiv Shakti Industrial Estate

Ground Floor, J. R. Boricha Marg

Opp. Kasturba Hospital, Lower Parel

Mumbai - 400 011

Fax: 022-2301 2517

Email: [email protected]

CONTENTS

Notice to Members

Board’s Report

Independent Auditors’ Report

Balance Sheet

Statement of Profit and Loss

Significant Accounting Policies

Cash Flow Statement

Statement Relating to

Subsidiaries

Consolidated Financial

Statements

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the Company (hereinafter referred to as “the Board” which term shall be deemed to include any Committee constituted / to be

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constituted by the Board) from time to time to alter the said terms and conditions of appointment and remuneration of Mr. T Rajkumar in the best interests of the Company and as may be permissible at law.

A. Mr T Rajkumar, shall look after the day to day management of the company under the supervision and guidance of the board of directors.

B. Remuneration: Consolidated Salary of Rs. 25,000 (Rupees twenty five thousand only) per month

C. Perquisites: As applicable to other employees of the company.

D. When in any financial year, the company has no profits or its profits are inadequate, the remuneration including the perquisites as aforesaid will be paid to Mr T Rajkumar in accordance with the applicable provisions of Schedule V of the Act.

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www.arumugaenterprise.com

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Form AOC-1 (Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies

(Accounts) Rules, 2014)

Statement containing salient features of the financial statement of subsidiaries/associate companies/joint ventures

Part “A”: Subsidiaries

Sl. No.

Particulars Details

1. Name of the subsidiary Sri Mahasakthi Mills Limited

Sri Arumuga Cottspin Private Limited

2. Reporting period for the subsidiary concerned, if different from the holding company’s reporting period

Not Applicable Not Applicable

3. Reporting currency and Exchange rate as on the last date of the relevant Financial year in the case of foreign subsidiaries

Not Applicable Not Applicable

4. Share capital 1074.92 1000.00 5. Reserves & surplus 624.49 -661.42 6. Total assets 5197.89 4025.55 7. Total Liabilities 5197.89 4025.55 8. Investments 0 0 9. Turnover 1333.57 654.53 10. Profit before taxation -311.57 -603.38 11. Provision for taxation 0 0 12. Profit after taxation -311.57 -603.38 13. Proposed Dividend 0 0 14. % of shareholding 100 % 100 %

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I REGISTRATION & OTHER DETAILS:

i CINii Registration Date

iii Name of the Companyiv Category/Sub-category of the Company

v

Address of the Registered office & contact details

vi Whether listed company

viiName , Address & contact details of the Registrar & Transfer Agent, if any.

II PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

SL No Name & Description of main products/services NIC Code of the Product /service

% to total turnover of the company

1 Textile Garments 14101 100%

III PARTICULARS OF HOLDING , SUBSIDIARY & ASSOCIATE COMPANIES

Sl No Name & Address of the Company CIN/GLN HOLDING/SUBSIDIARY/ASSOCIATE

% OF SHARES HELD

APPLICABLE SECTION

1 Sri Mahasakthi Mills Limited U17111TZ1995PLC016298 Subsidiary 1002 Sri Arumuga Cottspin Private Limited U17111TZ2004PTC011160 Subsidiary 100

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

(Management & Administration ) Rules, 2014.

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

FORM NO. MGT 9

EXTRACT OF ANNUAL RETURN

as on financial year ended on 31.03.2016

L17111TZ1984PLC0158874/5/1984

SRI ARUMUGA ENTERPRISE LIMITEDIndian Non-Government Company

No. 1. Sundaram Brothers Layout, Opp. All India Radio, Trichy Road, Coimbatore 641045

Company limited by shares

Purva Sharegistry (India) Private LimitedNo.9, Shiv Shakti Industrial Estate Ground Floor, J.

R. Boricha MargOpp. Kasturba Hospital, Lower Parel

Mumbai - 400 011

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IV SHAREHOLDING PATTERN (Equity Share capital Break up as % to total Equity)

Category of Shareholders

Demat Physical Total % of Total Shares

Demat Physical Total % of Total Shares

A. Promoters

(1) Indiana) Individual/HUF 614500 614500 61.45% 614500 0 614500 61.45% 0 0b) Central Govt.or State Govt.c) Bodies Corporatesd) Bank/FIe) Any other

SUB TOTAL:(A) (1) 614500 0 614500 61.45% 614500 0 614500 61.45% 0 0

(2) Foreigna) NRI- Individualsb) Other Individualsc) Bodies Corp.d) Banks/FIe) Any other…

SUB TOTAL (A) (2)

Total Shareholding of Promoter (A)= (A)(1)+(A)(2) 614500 0 614500 61.45% 614500 0 614500 61.45% 0 0

B. PUBLIC SHAREHOLDING

(1) Institutionsa) Mutual Fundsb) Banks/FIC) Cenntral govtd) State Govt.e) Venture Capital Fundf) Insurance Companiesg) FIISh) Foreign Venture Capital Fundsi) Others (specify)

SUB TOTAL (B)(1):

(2) Non Institutionsa) Bodies corporates 1100 50 1150 0.12% 46512 50 46562 4.66% -4.54%i) Indianii) Overseasb) Individualsi) Individual shareholders holding nominal share capital upto Rs.1 lakhs 50881 127560 178441 17.84% 32930 139860 172790 17.28% 0.56%

ii) Individuals shareholders holding nominal share capital in excess of Rs. 1 lakhs 204696 0 204696 20.47% 149690 10100 159790 15.98% 4.49%c) Others (specify) 1213 0 1213 0.12% 5758 600 6358 0.64% -0.52%

SUB TOTAL (B)(2): 257890 127610 385500 38.55% 234890 150610 385500 38.56% -0.01%

Total Public Shareholding(B)= (B)(1)+(B)(2) 257890 127610 385500 38.55% 234890 150610 385500 38.56% -0.01%

C. Shares held by Custodian for GDRs & ADRs

Grand Total (A+B+C) 872390 127610 1000000 100% 849390 150610 1000000 100% -0.01% 0

No. of Shares held at the beginning of the year No. of Shares held at the end of the year % change during the year

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(ii) SHARE HOLDING OF PROMOTERS

Sl No. Shareholders Name % change in share holding during the year

NO of shares % of total shares of the company

% of shares pledged encumbered to total shares

NO of shares % of total shares of the company

% of shares pledged encumbered to

1 Mr. T. RAJKUMAR 205500 20.55% - 205500 20.55% - NIL2 Mr. K. DHANAKUMAR 204500 20.45% - 204500 20.45% - NIL3 Mr. T.K. DHANASHEKAR 204500 20.45% - 204500 20.45% - NIL

Total 614500 61.45% 614500 61.45%

(iii) CHANGE IN PROMOTERS' SHAREHOLDING - THERE IS NO CHANGE

Sl. No.

No. of Shares % of total shares of the company

No of shares % of total shares of the company

At the beginning of the yearDate wise increase/decrease in Promoters Share holding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonus/sweat equity etc)

N/a N/a N/a N/a

At the end of the year

(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters & Holders of GDRs & ADRs)Sl. No

1 DIPTI D. SHAHNo.of shares % of total shares of

the companyNo of shares % of total

shares of the company

At the beginning of the year 1145 0.11% 1000000

Date wise Increase / Decrease in Share holding during the year specifying the reasons for increase / decrease (e.g. allotment / transfer / bonus / sweat equity etc):

42500 4.25% 43645 4.36%

At the end of the year (or on the date of separation, if separated during the year) 43645 4.36%

2 GANESH GNo.of shares % of total shares of



At the beginning of the year 40000 4.00%


N/a N/a N/a N/a

At the end of the year (or on the date of separation, if separated during the year) 40000 4.00% 40,000.00

3 ARUNGIRI P V BNo.of shares % of total shares of





N/a N/a N/a N/a


Shareholding at the begginning of the year

Shareholding at the end of the year

Share holding at the beginning of the Year

Cumulative Share holding during the year

Shareholding at the end of the year Cumulative Shareholding during the year

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4 PALANISAMY DNo.of shares % of total shares of





N/a N/a N/a N/a


5 K S NANDA KUMARNo.of shares % of total shares of





N/a N/a N/a N/a


6 KUPPUSAMY SNo.of shares % of total shares of





N/a N/a N/a N/a


7 PRATIK KANTILAL PALEJANo.of shares % of total shares of




Date wise Increase / Decrease in Share holding during the year specifying the reasons for increase / decrease (e.g. allotment / transfer / bonus / sweat equity etc): During the period there are 31 Transactions

9559 0.96% 11361 1.14%


8 ROSY ANTOONo.of shares % of total shares of





N/a N/a N/a N/a


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9 MARIA TONY PHILIPNo.of shares % of total shares of





N/a N/a N/a N/a


10 S SUDHANo.of shares % of total shares of





N/a N/a N/a N/a


(v) Shareholding of Directors & KMP

Sl. No

For Each of the Directors & KMP No.of shares % of total shares of the company

No of shares % of total shares of the

companyAt the beginning of the yearMr. T. RAJKUMAR 205500 20.55% 205500 20.55%Mr. K. DHANAKUMAR 204500 20.45% 204500 20.45%Date wise increase/decrease in Promoters Share holding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonus/sweat equity etc)

- -

At the end of the yearMr. T. RAJKUMAR 205500 20.55% 205500 20.55%Mr. K. DHANAKUMAR 204500 20.45% 204500 20.45%

Shareholding at the end of the year Cumulative Shareholding during the year

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V INDEBTEDNESS

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

excluding deposits

Unsecured Loans

Deposits Total Indebtedness

i) Principal Amount 33,769,854.47 27,852,172.97 - 61,622,027.44 ii) Interest due but not paid - - - iii) Interest accrued but not due - - -

Total (i+ii+iii) 33,769,854.47 27,852,172.97 - 61,622,027.44

14,539,297.65 3,835,559.00 - 18,374,856.65 - -

14,539,297.65 3,835,559.00 - 18,374,856.65

48,309,152.12 31,687,731.97 - 79,996,884.09 ii) Interest due but not paid - - - iii) Interest accrued but not due - - -

Total (i+ii+iii) 48,309,152.12 31,687,731.97 - 79,996,884.09 - - - -

VI REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

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

Sl.No1 Gross salary

2 Stock option3 Sweat Equity4 Commission

as % of profitothers (specify)

5 Others, please specifyTotal (A)Ceiling as per the Act

Total Amount

Net Change

Name of the MD

i) Principal Amount

Particulars of Remuneration

(a) Salary as per provisions contained in section 17(1) of the Income Tax. 1961.

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

(c ) Profits in lieu of salary under section 17(3) of the Income Tax Act, 1961

Change in Indebtedness during the financial year

AdditionsReduction

Indebtness at the beginning of the financial year

Indebtedness at the end of the financial year

-

T. RAJKUMAR

120,000.00

-

-

- - -

- 120,000.00

120,000.00

- 120,000.00

-

---

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B. Remuneration to other directors:

Sl.No Total Amount1 Independent Directors

(b) Commission(c ) Others, please specify Director Remuneration Director RemunerationTotal (1)

2 Other Non Executive Directors

(b) Commission(c ) Others, please specify.Total (2)Total (B)=(1+2)Total Managerial RemunerationOverall Cieling as per the Act.

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

Sl. No.1 Gross Salary CEO Company

Secretary CFO Total

- - - -

- - - -

- - - -2 Stock Option - - - -3 Sweat Equity - - - -4 Commission - - - -

as % of profitothers, specify

5 Others, please specify - - - -

Total - - - -

Name of the Directors

(c ) Profits in lieu of salary under section 17(3) of the Income Tax Act, 1961

Key Managerial Personnel

(a) Fee for attending board committee meetings



(a) Salary as per provisions contained in section 17(1) of the Income Tax Act, 1961.(b) Value of perquisites u/s 17(2) of the Income Tax Act, 1961

(a) Fee for attending board committee meetings

-

- -

-

-

--

- - - -

-

-

--

-

--

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VII PENALTIES/PUNISHMENT/COMPPOUNDING OF OFFENCES

Type Section of the Companies Act

Brief Description

Details of Penalty/Punishment/Compounding fees imposed

Authority (RD/NCLT/Court)

Appeall made if any (give details)

Penalty NA NA NA NA NAPunishment NA NA NA NA NACompounding NA NA NA NA NA



A. COMPANY

B. DIRECTORS

C. OTHER OFFICERS IN DEFAULT

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PARTICULARS Note As At As AtNo. 31.03.2016 31.03.2015

Rs Rs

I. EQUITY AND LIABILITIES

(1) Shareholder's funds (a) Share Capital 2 110000000 110000000 (b) Reserves and Surplus 3 119304838 117210118

(2) Non - Current Liabilities (a) Long Term Borrowings 4 32444795 29651186

(3) Current liabilities (a) Short Term Borrowings 5 47552089 31970841 (b) Trade payables 6 4828733 12836422 (c) Other current liabilities 7 4130468 4656779 (d) Short-term provisions 8 10228223 8971171

TOTAL 328489146 315296517

II. ASSETS

(1) Non-current assets (a) Fixed Assets (i) Tangible assets 9 33475772 34324141 (ii) Intangible Assets 9a 29122 79050 (b) Non-Current Investments 10 200000000 200000000 (c) Long-term loans and advances 11 11613645 3323143 (d) Deffered Tax Asset 12 950395 859500

(2) Current Assets

(a) Inventories 13 48854759 39262670 (b) Trade Receivables 14 7555755 23667916 (c) Cash and cash equivalents 15 2148706 211159 (d) Short-term loans and advances 16 23860991 13568938

TOTAL 328489146 315296517

Significant Accounting Policies 1The Notes referred to above form an integral part of the Financial StatementsAs per our report of even date For and On Behalf of the Board

For S.LAKSHMINARAYANAN ASSOCIATESCHARTERED ACCOUNTANTS T.RajkumarF.NO.6609S Chairman &

Managing Director

CA.L.KAMESHPARTNER K.DhanakumarM.NO.209388 Director

CoimbatoreDate : 28.04.2017

SRI ARUMUGA ENTERPRISE LIMITEDBALANCE SHEET AS AT 31st MARCH 2016

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PARTICULARS Note Year Ended Year EndedNo. 31.03.2016 31.03.2015

Rs. Rs.

INCOMEI a Revenue from Operations (Gross) 17 41401607.91 63591461I b Other Operating Income 18 183596.00 4212640II Other Income 19 225546.26 703389

III Total Revenue ( I + II ) 41810750.17 68507490

IV EXPENSES Cost of material consumed 20 22465600.69 45246789Change in Inventory of Finished Goods and Work In Progress 21 -420450.00 -5655556Employee benefits expenses 22 4983919.00 9271628Finance Cost 23 3692800.39 3051316Other expenses 24 7226758.76 10507484Depreciation 898296.57 1312987

Total expenses 38846925.41 63734648

V Profit before tax (III - IV) 2963824.76 4772842

VI Less: Tax expensesIncome Tax1) Current Year 960000.00 19000002) Prior year 0.00 03) Deferred tax -90895.00 -501430

VII Profit for the year (V - VI) 2094719.76 3374272

VIII Earnings per Equity Share(a) Basic 2.09 8(b) Diluted 2.09 8

Significant Accounting Policies 1The Notes referred to above form an integral part of the Financial StatementsAs per our report of even date For and On Behalf of the Board


Managing Director

CA.L.KAMESHPARTNER K.DhanakumarM.NO.209388 Director


SRI ARUMUGA ENTERPRISE LIMITEDSTATEMENT OF PROFIT & LOSS

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Notes To Financial Statements1. Significant Accounting Policies

1.1 Accounting Convention: The financial statements of the company are prepared under the historical cost convention on an accrual basis in accordance with the Generally Accepted Accounting Policies (GAAP) to comply with the Accounting Standards notified by the Government of India/issued by the Institute of Chartered Accountants of India (ICAI) , as applicable and the relevant provisions of the Companies Act, 1956. The accounting policies adopted in the preparation of financial statements are consistent with those of the previous years.

1.2 An asset has been classified as current when it satisfies any of the following criteria:

a. It is expected to be realized in, or is intended for sale or consumption in the companies normal operating cycle;b. It is held primarily for the purpose of being traded.c. It is expected to be realized within 12 months after the reporting date.; ord. It is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at leasttwelve months after the reporting date.

A liability has been classified as current when it satisfies any of the following criteria:a. It is expected to be settled in the Companies normal operating cycle;b. It is held primarily for the purpose of being traded;c. It is due to be settled within 12 months after the operating cycle; ord. The company does not have an unconditional right to defer settlement of the liability for at least 12 monthsafter the reporting date. Terms of the liability that could at the option of counter party result in its settlement by theissue of equity instruments do not affect its classification.All other assets and liabilities have been classified as non-current.

1.3 Use of Estimates :

The preparation of Financial Statements in conformity with Indian GAAP requires the management to makeestimates and assumptions considered in the reported amounts of assests and Liabilities( Including ContingentLiabilities) as of the date of the financial statements and the reported income and expenses like provision foremployee benefit , provision for doubtful trade receivables/ advances/ contingencies, provision for warranties,allowance for slow/ non-moving inventories, useful life of fixed assets, provision for taxation, etc., during thereporting year. The management beleives that the estimates used in the preparation of the financial statements areprudent and reasonable. Future results may vary from these estimates.

1.4 Tangible Fixed Assets:

Fixed assets are stated at historical cost less accumulated depreciation and impairment losses, if any. Cost includesrelated taxes, duties, freight, etc. attributable to the acquisition and installation of the fixed assets but excludes dutiesand taxes that are recoverable from tax authorities. Borrowing costs are capitalised as part of qualifying fixed assets.Exchange differences arising on restatement/ settlement of long term foreign currency borrowings relating toacquisition of depreciable fixed assets are recognised in the statement of profit and loss.

Machinery spares which can be used only in connection with an item of fixed asset and whose use is expected to beirregular are capitalised and depreciated over the useful life of the principal item of the relevant assets. Susequentexpenditure relating to fixed assets is capitalised only if such expenditure results in an increase in the future benefitsfrom such asset beyond its previously assessed standard of performance. Fixed assets retired from active use and held for sale are stated at the lower of their net book value and net realisablevalue and are disclosed separately in the balance sheetCapital work in progress: projects under which assets are not ready for their intended use and other capital work inprogress are carried at cost, comprising direct cost and attributable interest.

1.5 Impairment of Assets:The carrying values of assets/ cash generating units are reviewed at each balance sheet date to determine whetherthere is any indication of impairment of the carrying amount of the company's assets. If any indication exists, anasset's recoverable amount is estimated. An impairment loss is recognised whenever the carrying amount of theasset exceeds the recoverable amount. The recoverable amount is the greater of the net selling price and their valuein use . Value in use is arrived at by discounting the future cash flows to their present value based on an appropriatediscount factor. when there is indication that an impairment loss recognised for an asset in earlier accounting periods no longer exists or may have decreased such reversal of impairment loss is recognised in the statement of profit andloss.

1.6 Invetments:a) Investments, which are readily realisable and intended to be held for not more than one year from the date onwhich such investments are made, are classified as current investments. All other investments are classified as noncurrent investments.

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b) Non-Current investments are carried at cost. Dimunision in the value of such investments, other than temporary, is provided for.c) Current investments are carried at lower of cost and fair value.

1.7 Inventories:a) Raw materials, stores & spare parts and traded goods are valued at lower of weighted average cost(net ofallowances) and estimated net realisable value. Cost includes freight, taxes and duties and is net of credit under VATand CENVAT scheme, Where applicable.b) Work-in-process and finished goods are valued at lower of weighted average cost (net of allowances) andestimated net realisable value. Cost includes all direct costs and appropriate Proportion of overheads to bring thegoods to the present location and condition.c) Due allowance is made for slow/ non-moving items, based on management estimates.

1.8 Revenue and other income:a) Sales are recognised on shipment or on unconditional appropriation of goods and comprise amounts invoiced forthe goods, including excise dutiy, but excluding sales tax/ value added tax. b) Service revenues are recognised when services are rendered.

c) Dividend income is accounted for when the right to receive it is established as on the date of balance sheet.d) Interest income is recognised on time proportion basis.

1.9 Government Grants, Subsidies and Export incentives:Government grants and subsidies are recognised when there is reasonable assurance that the company willcomplywith the conditions attached to them and the grants/ subsidy will be received.when the grant or subsidy from the government relates to revenue, it is recognised as income on a systematic basis inthe statement of profit and loss over the period necessary to match them with the related costs, which they areintended to compensate.When the grant or subsidy from the government is in the nature of promoters' contribution, where no repayment isordinarily expected in respect thereof, it is credited to capital reserve and treated as a part of the shareholders' fundson receipt basis.Export benefits are accounted for in the year of exports based on eligibility and when there is no uncertainty inreceiving the same.

1.10. Employee Benefits:I. Defined Contribution Plan: a. Provident Fund

Contributions are made to Regional Provident Fund in accordance with the Fund Rules. Theinterest rate payable to the beneficiaries every year is being notified by the government.

II. Defined Benefit Plan: Gratuity

The Company accounts its liability for future gratuity benefits based on actuarial valuation, as at the Balance Sheetdate, determined every year using the projected unit credit method . Actuarial gains/Losses are immediatelyrecognised in the Statement of Profit and Loss.III. Short Term Employee Benefit

Short Term employee benefits includes short term compensated absences which is recognizes based on theeligible leave at credit on the Balance sheet date, and the estimated cost is based on the terms of the employmentcontract.

IV. Voluntary Retirement Scheme:Compensation to employees under voluntary Retirement Schemes is expensed in the period in which the liability

arises.

1.11 Operating Leases:Leases where the lessor effectively retains substantially all the risks and benefits of ownership of the leased assetsare classified as operating leases . Operating lease payments are recognised as an expense in the revenue account asper the lease terms.

1.12 Foreign Currency Transactions:Initial recognition

Transactions in foreign currencies entered into by the company are accounted at the exchange rates prevailingon the date of the transaction or at rates that closely approximate the rate at the date of the transaction.

MeasurementForeign currency monetary items (other than derivative contracts) of the company outstanding at the balance

sheet date are restated at year end exchange rates.

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Treatment of Exchange DifferencesExchange differences arising on settlement/restatement of short term foreign currency monetary assets and

liabilities of the company are recognised as income or expense in the statement of profit and loss.

Accounting of forward contractsThe company enters into forward exchange contracts and other intruments that are in substance a forward

exchange contract to hedge its risk associated with foreign currency fluctuations. The premium or discount arising atthe inception of a forward exchange contract (other than for a firm commitment or a highly probable forecasttransaction) or similar instrument is amortised as expense or income over the life of the contract. Exchangedifferences on such a contract are recognised in the statement of Profit and Loss in the year in which the exchangerates change. Any profit or Loss arising on cancellation of such a contract is recognised as income or expense for theyear.

1.13 Depreciation :

Depreciation has been provided on useful life of asset as laid down in Section 133 of Schedule II of theCompanies Act ,2013 . Individual fixed assets whose actual cost does not exceed Rs.5000 is fully depreciated in theyear of acquisition. Pro-rata Depreciation has been charged to Assets purchased during the accounting year31.03.2015

1.14 Taxes on Income :Current Tax is the amount of tax payable on the taxable income for the year and is determined in accordance

with the provisions of the Income Tax Act,1961.

Deffered tax is recognised on timing difference ; being the differences between taxable income and accountingincome that originate in one period and are capable of reversal in one or more subsequent periods.

Deffered Tax Assets in respect of unabsorbed depreciation and carry forward of losses are recognised only ifthere is virtual certainity that there will be sufficient future taxable income available to realise such assets. Otherdeferred tax assets are recognised if there is reasonable certainity that there will be sufficient future taxable incomeavailable to realise such assets.

1.15 Provisions, Contingent Liabilities and Contingent Assets:

Provisions are recognised when there is a present obligation as a result of past events and when a reliableestimate of the amount of obligation can be made. Contingent liability is disclosed for (i) Possible obligation whichwill be confirmed only by future events not wholly within the control of the company or (ii) Present obligationsarising from past events where it is not probable that an outflow of resources will be required to settle the obligationor a reliable estimate of the amount of the obligation cannot be made. Contingent Assets are not recognised in thefinancial statements since this may result in the recognition of income that mey never be realised.

For and On Behalf of the Board


Managing DirectorDIN: 00048665

CA.L.KAMESHPARTNERM.NO.209388 K.Dhanakumar

DirectorDIN: 00048730


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As At As AtPARTICULARS 31.03.2016 31.03.2015

Rs. Rs.

2. Share Capital AUTHORISED1000000 Equity Shares of Rs.10 each 10000000 100000001000000 Preference Shares of Rs.100 each 100000000 100000000

110000000 110000000 ISSUED SUBSCRIBED AND FULLY PAID-UP1000000 Equity Shares of Rs.10 each 10000000 100000001000000 Preference Shares of Rs.100 each 100000000 100000000

Total 110000000 110000000

(a) Reconciliation of Share Capital Shares outstanding as at 1st April 2015 / 1st April 2014- Equity Shares 10000000 10000000 Shares outstanding as at 31st March 2016 / 31st March 2015 - Equity Shares 10000000 10000000

Shares outstanding as at 1st April 2015 / 1st April 2014- Preference Shares 1000000 1000000 Shares outstanding as at 31st March 2016 / 31st March 2015 - Preference Shares 1000000 1000000

(b) List of shareholders holding more than 5% of the total number of shares issued by the Company:Equity Shares Name of the share holder T Rajkumar 205500 205500 T Dhanakumar 204500 204500 TK Dhansekar 204500 204500Preference Shares Name of the share holder T Rajkumar 244000 244000 T Dhanakumar 215813 215813 TK Dhansekar 215813 215813 K.Karpagavalli 75000 75000

3. Reserves & Surplus(a) General ReserveOpening Balance 300000 200000Transfer From Surplus in Statement of Profit 0 100000Closing Balance 300000 300000

(b) Share Premium Opening Balance 100000000 100000000 Add: Share premium on preference shares issued 0 0 Closing Balance 100000000 100000000

(c) Surplus in statement of Profit Opening Balance 16910118 14357994 Add: Profit for the year 2094720 3374272

Less: Appropriations Transfer to General Reserve 0 100000 Proposed Dividend 0 600000 Tax on Proposed Dividend 0 122148

0 822148

Closing Balance 19004838 16910118

Total Reserves & Surplus (a)+(b)+(c) 119304838 117210118

SRI ARUMUGA ENTERPRISE LIMITEDNOTES FORMING PART OF FINANCIAL STATEMENTS

The Company has issued only one class of equity shares having a par value of Re.10/- per share. Each holder of Equity Share is entitled to one vote per share. The Company declares dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders at the Annual General Meeting.

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4. Long Term Borrowings (a) Secured - Bank 757063 1799013 (Refer Note no:29 ) (b) Unsecured - Related Parties 29387732 25552173 (c) Unsecured - Others 2300000 2300000

32444795 29651186

5. Short Term Borrowings (a) Secured - Banks - Loans Repayable on demand 47552089 31970841 (Refer Note no:29 )

Total 47552089 31970841

6. Trade Payables: (a) Dues to micro, Small & Medium Enterprises 0 0 (b) Goods & Services 4828733 12836422

Total 4828733 12836422

7. Other current liabilities Unsecured (a) Current Maturity of Long Term Debts 372000 292410 (b) Current Maturity of Leased Assets 647023 576063 (c) Creditor For capital goods 0 112882 (d) Employee Related Expenses 1080728 1468952 (e) Other Current Liabilities 2030717 2206472

Total 4130468 4656779

8. Short-term provisions Provision For Compensated Absences 486234 409217 Provision for Taxation (Net) 8849891 7669856 Provision for Proposed Dividend 600000 600000 Tax on Proposed Dividend 292098 292098

Total 10228223 8971171

10.Non-Current Investments ( Valued at Cost )Investment in Equity Instruments - Unquoted, Fully paidup)Investment in Subsidiaries a.10000000 Equity shares of Rs.10 each fully paid inSri.Mahasakthi Mills Ltd. 100000000 100000000b.10000000 Equity shares of Rs.10 each fully paid inSri Arumuga Cottspin Pvt. Ltd. 100000000 100000000

200000000 200000000Cost 200000000 200000000Face Value 200000000 200000000

11. Long-term loans and advances (Unsecured, considered good) (a) Rental Advance 1000000 2000000 (b) Loans & Advance - Capital Advance 200000 0 (c) Loans & Advance - Others 10413645 1323143

Total 11613645 3323143.00

* Represents Cash and cash equivalents that are restricted from being exchanged or used to settle a liability for more than 12 months from the Balance Sheet date

Based on, and to the extent of information received from the suppliers regarding their status under the micro, Small & medium Enterprises Development Act, 2006 (MSMED Act), and Relied upon by the Auditors, there are no dues to such suppliers.

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12. Deffered Tax Asset a) Deferred Tax Asset - Depreciation on Fixed Assets 190459 122900 b) Deferred Tax Asset - 43B liabilities/disallowance 759936 736600

950395.00 859500

13. Inventories (at lower of cost or net estimated realisable value) Finished Goods 14713805 9036173 Raw material 16124965 7748733 Stores 1743504 948097 Semifinished Goods 16272485 21529667

Total 48854759 39262670

14. Trade Receivables ( Unsecured, considered good ) Outstanding For a period exceeding six months from the day they are due for payment 2998061 2376751 Others * 4557694 21291165

Total 7555755 23667916 *Includes an amount receivable from related parties (Rs.0)

15. Cash and Cash Equivalents Cash on hand 337 1893 Balance with Banks - Current Accounts 1178369 209266 Deposits Held For more than 12 Months 970000 0

Total 2148706 211159

16. Short Term loans and advances (Unsecured, considered good) Others (a) Advances recoverable in cash or kind or for value to be received Goods & Services 16778780 9928702 Prepaid Expenses 47721 48401 (b) Loans & Advance - Related Parties 5850097 0 (c) Balance With Government Authorities 1184393 3591835

Total 23860991 13568938

17. Revenue from Operations (Gross) Sale of products 40309325 63273792 Sale of Services 1092283 317669

Total 41401608 63591461

18. Other Operating Income Interest Subvention 0 Duty Drawback on Export Goods 183596 4212640

183596 4212640.00

19. Other Income Exchange Fluctuation (Net) 225546 703389 225546 703389

20. Cost of Materials Consumed Opening stock 8696830 11793909 Add: Purchases of Raw material, Stores, Labour Charges and other direct manufacturing Expenses32593958 45338157

41290788 57132066 Less: Sales 956718 3188447

Less: Closing stock 17868469 8696830 Cost of material consumed 22465601 45246789

Material Consumed Comprises of Raw Materials 19769729 41579057Stores 2695872 3667732

22465601 45246789

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21. Change in inventories of finished goods and work in progress

Inventories at the end of the year:Finished Goods 14713805 9036173Work in Progress 16272485 21529667

30986290 30565840Inventories at the beginning of the year:Finished Goods 9036173 8010400Work in Progress 21529667 16899884

30565840 24910284

Net (increase) / decrease 420450 5655556

22. Employees benefits expenses Salaries, Wages and Bonus 4651788 7756399 Contibution to Provident & other Funds 0 781720 Managing director remuneration 120000 120000 Staff Welfare Expenses 212131 613509

Total 4983919 9271628

23. Finance Cost Interest 3692800 3051316

Total 3692800 3051316

24. Other expenses: Business Promotion Expenses 1865654 3326560 Machinery repairs & Maintenance 51876 196346 Building Repairs & Maintenance 329205 1620468 Other Repairs & Maintenance 520512 1109402 Auditor Remuneration : Statutory Audit 75000 75000 Bank charges 896620 821968 Taxes and licenses 772027 1018848 Postage Telegram and Telephone charges 192803 318868 Printing and stationery 43122 233122 Professional charges 175633 458660 Travelling expenses 139196 982121 Other Administrative Expenses 2165110 346122

Total 7226759 10507484

25. A. Earnings in Foreign Currency FOB Value of Exports 2531175 B. Expenditure in Foreign Currency Nil

26. Dividend

27. Segment ReportingThe company's main business is textiles . There is no separate reportable segment as per Accoiunting Standard 17.

The Secondary segment reporting is based on geographical location of customers & assets.2016 2015

Revenue by Geographic Market:India 38870433 4863411Rest of the World 2531175 58728050

Segment Assets by Geographic Market:India - -Rest of the World - -

Capital Expenditure by Geographic Market:India - -Rest of the World - -

The company has not complied the provisions of section 123,124 & 115 (O) of the Companies Act, 2013 in respect of payment of dividend for the financial year ended 31.03.2015

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28. Disclosure in respect of Related parties pursuant to Accounting Standard 18List of Related Parties

Sri K.Dhanakumar, Director

♦♦♦♦ Subsidiaries :M/s Sri Arumuga Cottspin Private Limited M/s Sri Mahasakthi Mills Limited

♦♦♦♦Associated EnterprisesM/s Nethravathi Distilleries Private LimitedM/s Overseas Beverages Private LimitedM/s Imperial Spirits ltdM/s.Imperial Spirits and Wines Private LimitedM/s Sri Mahasakthi Mills LimitedM/s Sree Arumuga Trading CorporationM/s Sri Arumuga Sugars Limited

Particulars Key Manegerial Persons Subsidiaries Associated Enterprises Total

1.Purchases 0 56220 0 562202.Remuneration 120000 0 0 1200003. Finance 0 -141594 3835559 36939654. Advances 0 5850097 0 58500975. Payable as of 31.03.2016 0 0 29387732 293877326. Receievable as of 31.03.2016 0 5850097 0 5850097

Note:Related party relationships are as identified by the Management and relied upon by the Auditors.

29.The Term loans and Cash credit facility availed from South Indian Bank are secured against the Fixed Assets, Current Assets of the company and Guarantees given by directors and relative of directors as detailed below:

Name of th Bank Particulars of loan SecurityPacking Credit Rs.250 LacsCash Credit open loan Rs. 200 LacsInland Letter of Credit Rs.100 LacsForeign Bills purchase Rs.200 LacsForward Contract Credit Rs.300 Lacs

30. Employee Benefits under defined benefit plansGRATUITY 2015-16Employee ProfileAge of Retirement 58No. of Employees 105Total monthly relevant Salary for Gratuity 572510Average Age 28Average Past Service 1Decrement adjusted estimated future service 10

AssumptionsDiscount Rate 7.80%Future salary Increase 8%Attrition Rate 9%Expected Rate of return on plan Assets 0%

Present Value of Obligation(Gratuity with Rs. 10 Lakhs Ceiling) 486234

Notes:The Estimate of future salary increase takes into Account inflation, likely increaments, promotionsAnd other Relevant Factors.

Term Loan is repayable in 60 monthlyinstallments of Rs.37700/- eachcommencing after initial holiday period of3 Months. Base rate of Term loan is12.80%.

Hypothecation of goods, Machinery,Vehicles, Book debts and othermovable assets both present andfuture. Collatelal Security of Propertyat SF No. 761/2,762/1, ChettipalayamVillage. 3.60 Acres, SF No 298/1A ofVelampalayam Village, Tirupur Talukand District & Personal Guarantee ofDirectors & Relative of Director

South Indian Bank

Sri T.Rajkumar, Managing Director♦♦♦♦ Key Management Personal :

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31. Earnings Per shareAs at As at

31.03.2016 31.03.2015Rs. Ps Rs. Ps

Profit After Tax( Cr) 2094720 3374272Weighted Average Number of Shares Basic 1000000 1000000 Diluted 1000000 1000000Earnings Per shareof Rs.10/- Basic 2 3 Diluted 2 3

Note:Earnings Per Share Calculations are done in accordance with Accounting Standard 20 (AS 20) " Earnings Per Share".

32.Previous year figures have been re-grouped wherever necessary to correspond with the current year classification/disclosure

Signature to notes to Financial Statements

For and On Behalf of the Board


Managing DirectorCA.L.KAMESHPARTNER K.DhanakumarM.NO.209388 Director


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31.03.2016Rs.

A. CASH FLOW FROM OPERATING ACTIVITIES:NET PROFIT BEFORE TAX AND EXTRA ORDINARY ITEMS: 2963825Adjustments for :Depreciation 898297Effect on Exchange Rate Change -225546Interest Paid 3692800Income Tax Paid 220035

7549410OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES:Adjustments for :(Increase)/Decrease in Trade and other receivables 16337707(Increase)/Decrease in Advances & Deposits -10292053(Increase)/Decrease in Inventories -9592089Increase/(Decrease) in Short Term Borrowings 15581248Increase/(Decrease) in Trade payables and other payables -8456983

3577830

Changes in working Capital 11127241

B. CASH FLOW FROM INVESTING ACTIVITIES:Fixed Asset Additions 0Sale of Fixed Assets 0Purchase of Investments 0

0

C. CASH FLOW FROM FINANCING ACTIVITIES:Increase/(Decrease) in Long Term Borrowings 2793609(Increase)/Decrease in Advances & Deposits -8290502Interest Paid -3692800

-9189693

NET INCREASE IN CASH & CASH EQUIVALENTS (A+B+C) 1937547

Opening Balance of Cash & Cash Equivalents 211159

Closing Balance of Cash & Cash Equivalents 2148706

Reconciliation of Cash and Cash Equivalents with Balance Sheet :

Cash and Cash Eqivalents as per Balance Sheet (Refer Note No. 15) 2148706

Net Cash and Cash Equivalents as per Cash Flow Statement(As per AS 3) 2148706


Managing DirectorCA.L.KAMESHPARTNERM.NO.209388 K.Dhanakumar

DirectorCoimbatoreDate : 28.04.2017

SRI ARUMUGA ENTERPRISE LIMITEDCASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2016

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31.03.2016Rs.

A. CASH FLOW FROM OPERATING ACTIVITIES:NET PROFIT BEFORE TAX AND EXTRA ORDINARY ITEMS: -88532435Adjustments for :Depreciation 15948941Effect on Exchange Rate Change -7344367Interest Paid 86579861Income Tax Paid -279965

6372034OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES:Adjustments for :(Increase)/Decrease in Trade and other receivables 177934990(Increase)/Decrease in Advances & Deposits -4783385(Increase)/Decrease in Inventories 728852Increase/(Decrease) in Short Term Borrowings 91467137Increase/(Decrease) in Trade payables and other payables -57693584

207654010

Changes in working Capital 214026045

B. CASH FLOW FROM INVESTING ACTIVITIES:Fixed Asset Additions -660104Sale of Fixed Assets 0Purchase of Investments 0

-660104

C. CASH FLOW FROM FINANCING ACTIVITIES:Increase/(Decrease) in Long Term Borrowings -91294526(Increase)/Decrease in Advances & Deposits -22055396Interest Paid -86579861

-199929783

NET INCREASE IN CASH & CASH EQUIVALENTS (A+B+C) 13436157

Opening Balance of Cash & Cash Equivalents 16951770

Closing Balance of Cash & Cash Equivalents 30387927

Reconciliation of Cash and Cash Equivalents with Balance Sheet :

Cash and Cash Eqivalents as per Balance Sheet (Refer Note No. 15) 30387927

Net Cash and Cash Equivalents as per Cash Flow Statement(As per AS 3) 30387927




SRI ARUMUGA ENTERPRISE LIMITEDCASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2016

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SRI ARUMUGA ENTERPRISE LIMITEDCONSOLIDATED BALANCE SHEET

PARTICULARS Note As At As At No. 31.03.2016 31.03.2015

I. EQUITY AND LIABILITIES

(1) Shareholder's funds (a) Share Capital 2 117492200 117492200 (b) Reserves and Surplus 3 115612078 185968834

(2) Non - Current Liabilities (a) Long Term Borrowings 4 353597537 444892063

(3) Current liabilities (a) Short Term Borrowings 5 318652359 227185222 (b) Trade payables 6 49920813 101075168 (c) Other current liabilities 7 49579225 56195471 (d) Short-term provisions 8 39430292 38673240

TOTAL 1044284504 1171482198

II. ASSETS

(1) Non-current assets (a) Fixed Assets (i) Tangible assets 9 264494804 279733713 (ii) Intangible Assets 9a 29122 79050 (b) Non-Current Investments 10 0 0 (c) Long-term loans and advances 11 248135770 226080374 (d) Deffered Tax Asset 12 20805180 1669502

(2) Current Assets

(a) Inventories 13 346548497 347277349 (b) Trade Receivables 14 112440427 283031049 (c) Cash and cash equivalents 15 30387927 16951770 (d) Short-term loans and advances 16 21211295 16610484 (e) Other Current Assets 17 231481 48907

TOTAL 1044284504 11714821980.00 0.00

As per our report of even date For and On Behalf of the Board




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SRI ARUMUGA ENTERPRISE LIMITEDCONSOLIDATED STATEMENT OF PROFIT

Note As At As At No. 31.03.2014 31.03.2015

INCOMEI a Revenue from Operations (Gross) 18 204490019 329073309I b Other Operating Income 19 183596 4212640II Other Income 20 7517259 2848186

III Total Revenue ( I + II ) 212190874 336134135

IV EXPENSES Cost of material consumed 21 154627493 193896693Change in Inventory of Finished Goods and Work In Progress 22 -30562083 -450974Employee benefits expenses 23 31429928 50031409Finance Cost 24 86579861 83705084Other expenses 25 42699170 67858854Depreciation 15948941 25985118

Total expenses 300723309 421026184

V Profit before tax (III - IV) -88532435 -84892048

VI Less: Tax expensesIncome Tax1) Current Year 960000 19000002) Prior year 0 03) Deferred tax -19135678 -10500933

VII Profit for the year (V - VI) -70356757 -76291115

As per our report of even date For and On Behalf of the Board




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SRI ARUMUGA ENTERPRISE LIMITEDNOTES FORMING PART OF FINANCIAL STATEMENTS

As At As AtPARTICULARS 31.03.2016 31.03.2015

Rs. Rs.

2. Share Capital AUTHORISED1000000 Equity Shares of Rs.10 each 210000000 2100000001000000 Preference Shares of Rs.100 each 110000000 110000000

320000000 320000000 ISSUED SUBSCRIBED AND FULLY PAID-UP1000000 Equity Shares of Rs.10 each 10000000 100000001000000 Preference Shares of Rs.100 each 107492200 107492200

Total 117492200 117492200

3. Reserves & Surplus(a) General ReserveOpening Balance 67558716 148696994Transfer From Surplus in Statement of Profit -72451476 -79980078Less : Excess Depreciation Credited Back 0 -1158200Add: Capital Subsidy 1500000 1500000

0Closing Balance -3392760 69058716

(b) Share Premium Opening Balance 100000000 100000000 Add: Share premium on preference shares issued 0 0

0 0 Closing Balance 100000000 100000000

(c) Surplus in statement of Profit Opening Balance 16910118.08 14357994.00 Add: Profit for the year 2094719.76 3374272.00

Less: Appropriations Transfer to General Reserve 0 100000 Proposed Dividend 0 600000 Tax on Proposed Dividend 0 122148 Prior year expenses - Arrears of ESI , PF & Rent 0 0

0 822148

Closing Balance 19004838 16910118Total Reserves & Surplus (a)+(b)+(c) 115612078 185968834

4. Long Term Borrowings (a) Secured - Bank 40110798 71859122 (Refer Note no:29) 0 0 (b) Unsecured - Related Parties 255230333 277999974 (c) Unsecured - Others 58166611 89503105 (d) Unsecured - Bank 89795 5529862

353597537 444892063

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5. Short Term Borrowings (a) Secured - Banks - Loans Repayable on demand 318652359 227185222 (b) Secured - Banks - Others (Refer Note no:29 )

Total 318652359 227185222

6. Trade Payables: (a) Dues to micro, Small & Medium Enterprises 0 0 (b) Goods & Services 49920813 101075168

Total 49920813 101075168

7. Other current liabilities Unsecured (a) Advance from customers 0 1045200 (b) Current Maturity of Long Term Debts 18593188 27345224 (c) Current Maturity of Leased Assets 647023 576063 (d) Creditor For capital goods 0 112882 (e) Employee Related Expenses 1080728 1468952 (f) Other Current Liabilities 29258286 25647150

Total 49579225 56195471

8. Short-term provisions Provision For Compensated Absences 486234 409217 Provision for Taxation (Net) 38051960 37371925 Provision for Proposed Dividend 600000 600000 Tax on Proposed Dividend 292098 292098

Total 39430292 38673240

10.Non-Current Investments ( Valued at Cost )Investment in Equity Instruments - Unquoted, Fully paidup)Investment in Subsidiaries a.10000000 Equity shares of Rs.10 each fully paid inSri.Mahasakthi Mills Ltd. 0 0b.10000000 Equity shares of Rs.10 each fully paid in 0 0Sri Arumuga Cottspin Pvt. Ltd. 0 0

0 0CostFace Value

11. Long-term loans and advances (Unsecured, considered good) (a) Capital advances 200000 0 (b) Rental Advance 1000000 2000000 (c) Others 246935770 224080374

Total 248135770 226080374

* Represents Cash and cash equivalents that are restricted from being exchanged or used to settle a liability for more than 12 months from the Balance Sheet date

Based on, and to the extent of information received from the suppliers regarding their status under the micro, Small& medium Enterprises Development Act, 2006 (MSMED Act), and Relied upon by the Auditors, there are no dues tosuch suppliers.

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12. Deffered Tax Asset a) Deferred Tax Liability - Depreciation on Fixed Assets -9845989 -8693839 b) Deferred Tax Asset 0 0 - 43B liabilities/disallowance 30651169 10363341

20805180 1669502

13. Inventories (at lower of cost or net estimated realisable value) Finished Goods 51331265 20125033 Raw material 256804756 289016778 Stores 4994294 4073207 Semifinished Goods 33418182 34062331

Total 346548497 347277349

14. Trade Receivables ( Unsecured, considered good ) Outstanding For a period exceeding six months from the day 5875572 59425852 they are due for payment 46517581 161935115 Others * 60047274 61670082

0Total 112440427 283031049

*Includes an amount receivable from related parties (Rs.0)

15. Cash and Cash Equivalents Cash on hand 10799933 1038548 Balance with Banks - Current Accounts 3087531 382759 - in Deposit Account 16500463 15530463

Total 30387927 16951770

16. Short Term loans and advances (Unsecured, considered good) Others (a) Advances recoverable in cash or kind or for value to be received Goods & Services 18463759 12154930 Prepaid Expenses 316927 330067 (b) Loans & Advances - Related Parties 1246216 533652 (C) Balance With Government Authorities 1184393 3591835

Total 21211295 16610484

17. Other Current Assets Interest Accrued on Deposits 231481 48907

231481 48907

18. Revenue from Operations (Gross) Sale of products 203397736 275329382 Sale of Services 1092283 53743927

Total 204490019 329073309

19. Other Operating Income Duty Drawback on Export Goods 183596 4212640

183596 4212640

20. Other Income Exchange Fluctuation (Net) / Interest 7344367 2848186 Other Non-operating Income 172892 0 7517259 2848186

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21. Cost of Materials Consumed Opening stock 293089985 233163062 Add: Purchases of Raw material, Stores, Labour Charges and other direct manufacturing Expenses 137771855 257012063

430861840 490175125 Less: Sales 14435297 3188447

0 0 Less: Closing stock 261799050 293089985 Cost of material consumed 154627493 193896693

Material Consumed Comprises of Raw Materials 176841990 195709677Stores 6215671 13091314

183057661 208800991

22. Change in inventories of finished goods and work in progress

Inventories at the end of the year:Finished Goods 51331265 20125033Work in Progress 33418182 34062331

84749447 54187364Inventories at the beginning of the year:Finished Goods 20125033 26522248Work in Progress 34062331 27214142

54187364 53736390

Net (increase) / decrease -30562083 -450974 0.00

23. Employees benefits expenses Salaries, Wages and Bonus 27551328 45097901 Contibution to Provident & other Funds 535489 1516096 Managing Director remuneration 120000 120000 Staff Welfare Expenses 3223111 3297412

Total 31429928 50031409

24. Finance Cost Interest 77897748 72232772 Other Borrowing cost 8682113 11472312

Total 86579861 83705084

25. Other expenses: Power & Fuel Expenses 27362835 42604177 Rent 249200 536882 Business Promotion Expenses 1865654 3747313 Machinery repairs & Maintenance 1610556 2049979 Building Repairs & Maintenance 378574 1879148 Other Repairs & Maintenance 1478620 3798676 Insurance 592764 612370 Freight Charges 530438 2690886 Auditor Remuneration : 0 0 Statutory Audit 225000 300000 IT Representation 0 0 Bank charges 896620 821968 Taxes and licenses 1553939 1772578 Postage Telegram and Telephone charges 701825 851526 Printing and stationery 87959 334198 Professional charges 288163 1063025 Travelling expenses 511038 1366970 Loss on Exchange Fluctuation (Net) 0 0 Other Administrative Expenses 4365984 3429159

Total 42699170 67858854

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L17111TZ1984PLC015887

SRI ARUMUGA ENTERPRISE LIMITED

No. 1, Sundaram Brothers Layout, Opp. All India Radio, Trichy Road, Coimbatore -641045

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