exchange plaza, c-1, block-g, bandra-kurla dalal street ... · e-mail: [email protected] ....
TRANSCRIPT
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LINCOLN PHARMACEUTICALS LTD.
HEALTHCARE FOR ALL
Date: October 01, 2018
To, To, The Manager, The Department of Corporate Service, Listing Department, Bombay Stock Exchange Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Tower, Exchange Plaza, C-1, Block-G, Bandra-Kurla Dalal Street, Mumbai-400 001. Complex, Bandra [E), Mumbai-400 051. Scrip Code-LINCOLN Scrip Code-53 1633
Dear Sir,
Sub.: Submission of the Annual Report as required under Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015.
With reference to the above, we submit herewith the 24th Annual Report of the Company for the Financial Year Ended on March 31, 2018 duly approved and adopted by the members as per the provisions of the Companies Act, 2013 at its Annual General Meeting held on Saturday, September 29, 2018.
Kindly take the same on your records.
Thanking you.
Yours faithfully, FOR LINCOLN PHARMACEUTICALS LIMITED
Encl: As Above
Regd. Office: "Lincoln House", Science City Road, Sola, Ahmedabad-380 060 . Gujarat, India Phon~: +_91-79~6777 8000 I Fax: +91-79-6777 8062/ I CIN L24230GJ1995PLC024288 E-mail: [email protected] I Website: wwW. li ncoln pharma.com
Factory: 10, 12, 13, Trimul Estate, Near Khatraj Chokadi, P.O. Khatraj-382721. Ta.: Kala l, Dist. Gandh inagar, (Guj.) Phone: 02764-665000 I Fax: 02764-281809 E-mail: [email protected]
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1Annual Report 2017-2018
BOARD OF DIRECTORS1. Shri Kishor M. Shah - Chairman2. Shri Mahendra G. Patel - Managing Director3. Shri Rajnikant G. Patel - Jt. Managing Director4. Shri Hashmukh I. Patel - Whole-Time Director5. Shri Ashish R. Patel - Whole-Time Director6. Shri Munjal M. Patel - Whole-Time Director7. Shri Arvind G. Patel - Director8. Shri Ishwarlal A. Patel - Director9. Dr. Pirabhai R. Suthar - Director10. Dr. Meha M. Patel - Director11. Shri Saurin J. Parikh - Director [w.e.f. March 27, 2018]
COMPANY SECRETARYMr. Bhavik P. Parikh
AUDITORS1. M/s. J. T. Shah & Co.
Chartered Accountants,[Statutory Auditor]
2. M/s. Kiran J. Mehta & Co.Cost Accountants[Cost Auditor]
3. M/s. Rahul Agarwal & Associates
[Secretarial Auditor]
BANKERState Bank of IndiaYes Bank
CORPORATE IDENTITY NUMBER (CIN)L24230GJ1995PLC024288
ISININE405C01035
REGISTERED OFFICE
Science City Road, Sola, Ahmedabad-380060.Ph. No.: +91-79-67778000,
REGISTRAR AND SHARE TRANSFER AGENT (RTA)LINK INTIME INDIA PRIVATE LIMITED5th Floor, 506-508, Amarnath Business Centre-1,Beside Gala Business Centre, Near St. Xavier’s Collage Corner,
Ph. No.: +91-79-30002684 / +91-79-26465179
COMMITTEES1) AUDIT COMMITTEE
Shri Ishwarlal A. Patel - ChairmanDr. Pirabhai R. Suthar - MemberShri Mahendra G. Patel - Member
2) STAKEHOLDER RELATIONSHIP COMMITTEEShri Arvind G. Patel - ChairmanShri Mahendra G. Patel - MemberShri Hashmukh I. Patel - MemberShri Ishwarlal A. Patel - Member
3) NOMINATION AND REMUNERATION COMMITTEEShri Ishwarlal A. Patel - ChairmanDr. Pirabhai R. Suthar - MemberShri Kishor M. Shah - Member
4) CORPORATE SOCIAL RESPONSIBILITY COMMITTEEShri Mahendra G. Patel - MemberShri Rajnikant G. Patel - MemberShri Ishwarlal A. Patel - Member
PLANT10,12,13, Trimul Estate, At. Khatraj, Ta-Kalol,District-Gandhinagar, Gujarat.Ph. No.: +91-2764-665000
24th
Day: Saturday
Date:
Time 10:30 A.M.
Venue:Science City Road, Sola, Ahmedabad-380060.
INDEX PG. NO.
02
12
34
46
Balance Sheet 50
51
Cash Flow Statement 52
Notes to Financial Statements 54
99
Consolidated Financial Statements 102
CORPORATE INFORMATION
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2 Annual Report 2017-2018
NOTICE
NOTICE is hereby given that the 24th LINCOLN PHARMACEUTICALS LIMITED will be held on Saturday, the 29th
ORDINARY BUSINESSES:
Auditors’ thereon.
2. To Declare Dividend on Equity Shares for the Financial Year 2017-18.
SPECIAL BUSINESSES:
ORDINARY RESOLUTION:-
RESOLVED THAT
RESOLVED FURTHER THAT
SPECIAL RESOLUTION:-
RESOLVED THAT
RESOLVED FURTHER THAT
RESOLVED FURTHER THAT
SPECIAL RESOLUTION:-
RESOLVED THAT
RESOLVED FURTHER THAT
SPECIAL RESOLUTION:-
RESOLVED THAT
RESOLVED FURTHER THAT
SPECIAL RESOLUTION:-
RESOLVED THAT
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3Annual Report 2017-2018
debts and advances notwithstanding that the sum or sums of money so borrowed together with money, if any, already borrowed by
RESOLVED FURTHER THAT
SPECIAL RESOLUTION:-
RESOLVED THAT
RESOLVED FURTHER THAT
SPECIAL RESOLUTION:-
RESOLVED THAT
RESOLVED FURTHER THAT
SPECIAL RESOLUTION:-
RESOLVED THAT
RESOLVED FURTHER THAT
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4 Annual Report 2017-2018
ORDINARY RESOLUTION:-
RESOLVED THAT
NOTES:
2. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO APPOINT PROXIES TO ATTEND AND VOTE INSTEAD OF HIMSELF/HERSELF, AND SUCH PROXY NEED NOT BE A MEMBER OF THE COMPANY.
the Act.
declared for the year 2009-2010 to the said fund. Members who have so far not claimed the dividends declared for any subsequent
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5Annual Report 2017-2018
the designated Account of IEPF during the year 2017-18.
Members who have not registered their Email addresses so far are requested to register their Email Address for receiving all
th
thAnnual
th
Member, he/she shall not be allowed to change it subsequently or cast vote again.
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6 Annual Report 2017-2018
to 24th
.
PAN
Dividend Bank Details Or Date
“LINCOLN PHARMACEUTICALS LIMITED” on which you choose to vote.
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7Annual Report 2017-2018
cdslindia.com.
they would be able to cast their vote.
manual available at .
CONTACT DETAILS:
5th Floors, 506-508, Amarnath Business Centre-1, Beside Gala Business Centre, Near St. Xavier’s collage Ph. No.: +91-79-26465179, +91-79-30002684,
REGISTERED OFFICE: By Order of the Board“LINCOLN HOUSE”
Science City road, Sola,Ahmedabad-380060.Place : Ahmedabad
EXPLANATORY STATEMENT PURSUANT TO SECTION 102 OF THE COMPANIES ACT, 2013:
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8 Annual Report 2017-2018
the age of 75 years.
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9Annual Report 2017-2018
3. Zullinc Healthcare LLP, Wholly owned Subsidiary
or KMPs who is / are Value
Lincoln Parenteral Limited
NA Subsidiary goods, materials and job work
length basis and on Industry in each year.
Sunmed Mr. Munjal M. Patel Common Director goods, materials and
job worklength basis and on Industry in each year.
Zullinc Healthcare LLP
Mr Mahendrabhai Patel andMr. Hasmukhbhai
Wholly owned Subsidiary goods, materials and
job worklength basis and on Industry in each year.
Mr Mahendrabhai Patel and Mr. Munjal Common Partner goods, materials and
of services
length basis and on Industry in each year.
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10 Annual Report 2017-2018
Shri Mahendrabhai G. Patel, Managing Director, Shri Hashmukhbhai I. Patel and Shri Munjal M. Patel, Whole Time Directors, alongewith
Year ending on March 31, 2019.
Year ending on March 31, 2019.
REGISTERED OFFICE: By Order of the Board“LINCOLN HOUSE”
Science City road, Sola,Ahmedabad-380060.Place : Ahmedabad
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11Annual Report 2017-2018
ANNEXURE A TO NOTICEINFORMATION TO SHAREHOLDERS
Shri Munjal Patel Shri Ishwarlal Patel
DIN 00104834 02319308 00452774
Date of Birth 08/12/1958 26/06/1982 11/05/1934
20/01/1995 14/11/2014 03/02/1995
B. Sc B. Com
Nil
Manager and other Key Managerial Personnel
None Shri Munjal M. Patel is Son of Shri Mahendra G. Patel.
None
None None
None None None
on March 31, 20183,73,600 6,15,500 50,400
Shri Kishor Shah Shri Saurin Parikh
DIN 00453047 02769085 02136530
Date of Birth 07/05/1946 04/03/1944 28/09/1971
30/10/1999 16/08/1995 27/03/2018
M.B.B.S Matriculates Bachelor of
Nil Nil Nil
Manager and other Key Managerial Personnel
None None None
None None
None None
on March 31, 2018None 4,78,400 None
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12 Annual Report 2017-2018
DIRECTORS’ REPORT
To,The Members,
th LINCOLN PHARMACEUTICALS LIMITEDtogether with Audited Financial Statements for the Financial Year Ended on March 31, 2018.
FINANCIAL PERFORMANCE:
Financial Statement.
`
32,551.19 30,805.71
Other income 580.38 245.49
4,749.73 3,959.31
439.93 385.17
4,309.80 3,574.14
1,034.15 833.86
3,275.65 2,740.28
9.20
3,284.85 2,736.22
STATE OF COMPANY’S AFFAIRS/OPERATIONS:
` 32,551.19 Lakhs as against ` ` `
DIVIDEND AND RESERVES:
` `March 31, 2018 as against a Dividend of ` `
` 50.00 Lakhs to the General Reserve out of the amount available for ` 50.00 Lakhs].
DIRECTORS AND KEY MANAGERIAL PERSONNEL:
Directors.
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13Annual Report 2017-2018
STATE OF COMPANY’S AFFAIRS AND FUTURE OUTLOOK
CHANGE(S) IN THE NATURE OF BUSINESS:
POLICY ON DIRECTORS’ APPOINTMENT AND REMUNERATION:
DIRECTORS’ RESPONSIBILITY STATEMENT:
NUMBER OF MEETINGS OF THE BOARD:
under review.
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14 Annual Report 2017-2018
INTERNAL FINANCIAL CONTROL AND ITS ADEQUACY:
MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY:
DEPOSITS:
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS BY THE COMPANY:
statements.
the loan or guarantee or security is given in the “Annexure-F”
SUBSIDIARY COMPANIES:
`
Products”
“Annexure-A” and forms an integral
INSURANCE:
LISTING:
RISK MANAGEMENT POLICY:
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15Annual Report 2017-2018
RELATED PARTY TRANSACTIONS:
business.
CORPORATE SOCIAL RESPONSIBILITY (CSR):
society at large and its stakeholders.
“Annexure-B”
HUMAN RESOURCES DEVELOPMENT:
VIGIL MECHANISM / WHISTLE BLOWER POLICY:
DISCLOSURE UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013:
PARTICULARS OF EMPLOYEES:
“Annexure-G”
th Annual
.
REPORTING OF FRAUDS:
framed there under.
AUDITORS:
1. STATUTORY AUDITORS:
At the 23rd
rd
the conclusion of the 28th
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16 Annual Report 2017-2018
2. COST AUDITOR:
3. SECRETARIAL AUDITOR:
“Annexure-C” and forms
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:
“Annexure-D” and forms
EXTRACT OF ANNUAL RETURN:
“Annexure-E”
CORPORATE GOVERNANCE REPORT AND MANAGEMENT DISCUSSION & ANALYSIS:
AUDIT COMMITTEE:
SIGNIFICANT OR MATERIAL ORDER PASSED BY THE REGULATORS OR COURTS:
ACKNOWLEDGEMENT:
FOR AND ON BEHALF OF THE BOARD FOR LINCOLN PHARMACEUTICALS LIMITED
M. G. Patel H. I. Patel
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17Annual Report 2017-2018
ANNEXURE ‘A’ TO DIRECTORS’ REPORT
FORM AOC – 1
`
Details Details Details
Name of the Subsidiaries Zullinc Healthcare LLP
The date since when subsidiary was acquired.
October 16, 2008 December 06, 2011 October 09, 2017
ToMarch 31, 2018
ToMarch 31, 2018
October 09, 2017To
March 31, 2018
the last date of the relevant Financial Year in the case of foreign subsidiaries
N.A. N.A. N.A.
5.00 1000.00 200.00
0.00 1140.07 2.42
Total Assets 1499.86 6476.63 203.37
1494.86 4336.57 0.94
Investments 0.15 0.22 NIL
Turnover 3058.98 7124.36 3.27
10.55 313.70 3.26
2.28 122.50 0.84
8.27 191.21 2.42
NIL NIL NIL
Notes:
2. There is no subsidiary which has been liquidated or sold during the year.
For J.T. Shah & Co.
(J.T.SHAH) Parther
Place : AhmedabadDate : May 30, 2018
For and on behalf of the Board of Directors of
M.G. Patel Managing Director DIN : 00104706
R.G. Patel Jt. Managing Director DIN : 00104786
H.I. Patel Whole Time Director DIN : 00104834
Place : AhmedabadDate : May 30, 2018
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18 Annual Report 2017-2018
ANNEXURE ‘B’ TO DIRECTORS’ REPORTREPORT ON CORPORATE SOCIAL RESPONSIBILITY (CSR)
1.
2.
3.` 2,811.17 Lakhs
4.` 56.22 Lakhs towards CSR.
5.` 56.57 Lakhs
`
SN Sector in which the
Projects or
(1) Local area or other
wise(1) Direct
Direct or through
1.
children
At: Shertha,State: Gujarat
1.51 1.51 1.51Kanya Kelavni
Shertha Kelavani Mandal
2. At: Ahmedabad,State: Gujarat
10.00 10.00 11.51Charitable Trust
3. At: Ahmedabad,State: Gujarat
0.75 0.75 12.26 Dr. Jit Mehta Balshala Trust
4. At: Kadi,State: Gujarat
7.80 7.80 20.06 Shree Someswar Ashram Trust
5.
healthcare
At: Ahmedabad,State: Gujarat
0.36 0.36 20.42
6. At: Hyderabad,State: A.P. / Telangana
1.00 1.00 21.42 Grace Cancer
7.
children hunger and
At: Ahmedabad,State: Gujarat
0.15 0.15 21.57 The Akshaya Patra
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19Annual Report 2017-2018
SN Sector in which the
Projects or
(1) Local area or other
wise(1) Direct
Direct or through
8.
Healthcareand
Women
At: Ahmedabad, Kadi,
State: Gujarat
35.00 35.00 56.57 Through Registered Trust- Shardaben Gulabdas Patel Public Charitable Trust
6.
7.
A BRIEF OUTLINE OF THE COMPANY’S CSR POLICY
1.
2. Health care:
making available safe drinking water, etc.3.
FOR AND ON BEHALF OF THE BOARD FOR LINCOLN PHARMACEUTICALS LIMITED
M. G. Patel H. I. Patel
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20 Annual Report 2017-2018
ANNEXURE ‘C’FORM NO. MR-3
SECRETARIAL AUDIT REPORT
To,The MembersLINCOLN PHARMACEUTICALS LIMITED
Science City Road, Sola,Ahmedabad – 380 060Gujarat, INDIA
by LINCOLN PHARMACEUTICALS LIMITED
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21Annual Report 2017-2018
:
Limited”.
there were no other instances of:
FOR RAHUL AGARWAL & ASSOCIATESCOMPANY SECRETARIES
RAHUL AGARWAL
Note :
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22 Annual Report 2017-2018
“ANNEXURE A”
To,The Members,LINCOLN PHARMACEUTICALS LIMITED
Science City Road, Sola,Ahmedabad – 380 060.
on these secretarial records based on our audit.
FOR RAHUL AGARWAL & ASSOCIATESCOMPANY SECRETARIES
RAHUL AGARWAL
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23Annual Report 2017-2018
ANNEXURE ‘D’ TO DIRECTORS’ REPORTCONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGEEARNINGS AND OUTGO
A. TECHNOLOGY ABSORPTION:
to save energy.
last three years reckoned from the beginning of the Financial Year:-
N.A
`
SN
1. 357.17 262.73
2. 808.10 622.46
3. Total 1165.27 885.19
4.
B. FOREIGN EXCHANGE EARNINGS AND OUTGO:
`
SN
1. 12,246.75 11,198.60
2. 719.48 207.24
FOR AND ON BEHALF OF THE BOARD FOR LINCOLN PHARMACEUTICALS LIMITED
M. G. Patel H. I. Patel
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24 Annual Report 2017-2018
ANNEXURE ‘E’ TO DIRECTORS’ REPORT
EXTRACT OF ANNUAL RETURN
1. REGISTRATION AND OTHER DETAILS
CIN L24230GJ1995PLC024288
January 20, 1995
Details: Science City Road, Sola, Ahmedabad-380060.
Yes
Name, Address and contact details of Registrar LINK INTIME INDIA PRIVATE LIMITED5th
Beside Gala Business Centre, Near St. Xavier’s collage corner,
Ph. No.: +91-79-2646 5179, +91-79-3000 2684,
2. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
SN
1. 2100*
3. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES
SN CIN / LLPIN
1.
“LINCOLN HOUSE”, Behind Satyam
Ahmedabad-380060.
U65990GJ2017PTC099389 Subsidiary
2. Zullinc Healthcare LLP“LINCOLN HOUSE”, Behind Satyam
Ahmedabad-380060.
AAF-5934 Subsidiary
3.“LINCOLN HOUSE”, Behind Satyam
Ahmedabad-380060.
U24231GJ1991PLC015674 Subsidiary
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25Annual Report 2017-2018
4. SHARE HOLDING PATTERN
%Change Total
Total Shares
TotalTotal
Shares
5,544,815 - 5,544,815 27.72 5,337,879 - 5,337,879 26.69 -1.03 - - - - - - - - - - - - - - - - - -
1,091,100 - 1,091,100 5.46 1,091,100 - 1,091,100 5.46 0.00 - - - - - - - - - - - - - - - - - -
- - 32.142) Foreign
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
- - 32.14 -1.03
- - - - - - - - - 38,384 38,384 0.19 12,405 - 12,405 0.06 -0.13
- - - - 18,867 - 18,867 0.09 0.09 - - - - - - - - -
Funds - - - - - - - - -
- - - - - - - - - 148,794 - 148,794 0.74 - - - - -0.74
- - - - - - - - -
- - - - - - - - - - -
2,260,778 2,260,778 11.30 2,964,062 - 2,964,062 14.82 3.52
I. Individualshareholders holding
` 1 lakh
4,357,331 183,910 4,541,241 22.71 4,119,832 163,710 4,283,542 21.42 -1.29
II. Individualshareholders holding
`1 lakh
4,456,133 412,700 4,868,833 24.34 5,051,837 - 5,051,837 25.26 0.92
1,030,788 - 1,030,788 5.15 871,496 - 871,496 4.36 -0.80179,631 - 179,631 0.90 153,463 - 153,463 0.77 -0.13295,636 - 295,636 1.48 215,349 - 215,349 1.08 -0.40
1.03
& ADRs
- - - - - - - - -
20,000,000 100.00 20,000,000 100.00 -
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26 Annual Report 2017-2018
SN % change in
Shares total Shares
to total shares
Shares total Shares
to total shares
1 Ashish Rajanibhai Patel 529,802 2.65 - 529,802 2.65 - 0.002 Amar Arvindbhai Patel 60,000 0.30 - 60,000 0.30 - 0.003 Anand Arvinbhai Patel 132,000 0.66 - 132,000 0.66 - 0.004 Arvindbhai Gulabdas Patel 111,000 0.56 - 111,000 0.56 - 0.005 Bhagirathbhai
Tribhovanbhai Patel22,750 0.11 - 22,850 0.11 - 0.00
6 Dharmistaben Hashmukhbhai Patel
65,003 0.33 - 65,003 0.33 - 0.00
7 Dharmisthaben Bhagirathbhai Patel
125,100 0.63 - 125,100 0.63 - 0.00
8 Hansaben Arvindbhai Patel
117,200 0.59 - 117,200 0.59 - 0.00
9 Hashmukhbhai Ishwarlal Patel
373,600 1.87 - 373,600 1.87 - 0.00
10 Ishwarbhai Ambalal Patel 50,400 0.25 - 50,400 0.25 - 0.0011 Jigar Hasmukhbhai Patel 51,200 0.26 - 51,200 0.26 - 0.0012 Kailashben Mahendrabhai
Patel80,000 0.40 - 80,000 0.40 - 0.00
13Patel
293,100 1.47 - 293,100 1.47 - 0.00
14 Mahendrabhai Gulabdas Patel
276,500 1.38 - 301,500 1.51 - 0.13
15 Manguben I Patel 92,600 0.46 - 92,600 0.46 - 0.0016 Mansi Munjal Patel 800,000 4.00 - 800,000 4.00 - 0.0017 Meenaben Yogeshbhai
Patel129 0.00 - 129 0.00 - 0.00
18 Mihirbhai Vithalbhai Patel 88,730 0.44 - 88,730 0.44 - 0.0019 Munjal Mahendrabhai
Patel590,500 2.95 - 615,500 3.08 - 0.13
20 Nidhi Mahendrabhai Patel 54,000 0.27 - 54,000 0.27 - 0.0021 Patel Aniruddh
Hasmukhbhai51,200 0.26 - 51,200 0.26 - 0.00
22 Patel Nishitkumar Maheshbhai
181,900 0.91 - 181,900 0.91 - 0.00
23 Patel Siddharth Rajnibhai 420,001 2.10 - 420,001 2.10 - 0.0024 Rajnibhai Gulabdas Patel 305,400 1.53 - 305,400 1.53 - 0.0025 Renukaben Maheshbhai
Patel173,400 0.87 - 173,400 0.87 - 0.00
26 Shardaben Gulabdas Patel 231,400 1.16 - 31,400 0.16 - -1.0027 Shivani B. Shah 202,000 1.01 - 202,000 1.01 - 0.0028 Yogeshkumar Ishwerlal
Patel65,900 0.33 - 8,864 0.04 - -0.29
29 Downtown Finance Pvt. Ltd.
106,000 0.53 - 106,000 0.53 - 0.00
30 Downtown Travels LLP 475,000 2.38 - 475,000 2.38 - 0.0031 10,100 0.05 - 10,100 0.05 - 0.0032 500,000 2.50 - 500,000 2.50 - 0.00
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27Annual Report 2017-2018
SN
shares shares
1
At the beginning of the year 276,500 1.38 276,500 1.38
Date wise changes during the year
December 22, 2017-Purchase 25,000 0.13 301,500 1.51
At the End of the year 301,500 1.51 301,500 1.51
2
At the beginning of the year 590,500 2.95 590,500 2.95
Date wise changes during the year
December 22, 2017-Purchase 25,000 0.13 615,500 3.08
At the End of the year 615,500 3.08 615,500 3.08
3
At the beginning of the year 22,750 0.11 22,750 0.11
Date wise changes during the year
August 25, 2017-Purchase 100 0.00 22,850 0.11
At the End of the year 22,850 0.11 22,850 0.11
4
At the beginning of the year 231,400 1.16 231,400 1.16
Date wise changes during the year
March 28, 2018-Sale -200,000 -1.00 31,400 0.16
At the End of the year 31,400 0.16 31,400 0.16
At the beginning of the year 65,900 0.33 65,900 0.33
Date wise changes during the year
March 28, 2018-Sale -57,036 -0.29 8,864 0.04
At the End of the year 8,864 0.04 8,864 0.04
SN
shares shares
1 Digital Biotech Private Limited
At the beginning of the year 1,400,000 7.00 1,400,000 7.00
Date wise changes during the year NIL
At the End of the year 1,400,000 7.00 1,400,000 7.00
2 Kishor M. Shah
At the beginning of the year 478,400 2.39 478,400 2.39
Date wise changes during the year NIL
At the End of the year 478,400 2.39 478,400 2.39
3 Piyush J. Patel
At the beginning of the year 437,700 2.19 437,700 2.19
Date wise changes during the year NIL
At the End of the year 437,700 2.19 437,700 2.19
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28 Annual Report 2017-2018
SN
shares shares
4 Haresh A. Patel
At the beginning of the year 413,000 2.07 413,000 2.07
Date wise changes during the year NIL
At the End of the year 413,000 2.07 413,000 2.07
5 Sanjay G. Amin
At the beginning of the year 412,700 2.06 412,700 2.06
Date wise changes during the year NIL
At the End of the year 412,700 2.06 412,700 2.06
6 Sonali S. Amin
At the beginning of the year 412,700 2.06 412,700 2.06
Date wise changes during the year NIL
At the End of the year 412,700 2.06 412,700 2.06
7 Kamlesh J. Patel
At the beginning of the year 412,700 2.06 412,700 2.06
Date wise changes during the year NIL
At the End of the year 412,700 2.06 412,700 2.06
8 Kaushal N. Patel
At the beginning of the year 412,700 2.06 412,700 2.06
Date wise changes during the year NIL
At the End of the year 412,700 2.06 412,700 2.06
9 Bharat B. Patel
At the beginning of the year 412,700 2.06 412,700 2.06
Date wise changes during the year NIL
At the End of the year 412,700 2.06 412,700 2.06
10 Sharad K. Shah
At the beginning of the year 350,000 1.75 350,000 1.75
Date wise changes during the year
August 11, 2017-Sale -35,000 -0.18 315,000 1.58
-13,000 -0.07 302,000 1.51
-2,000 -0.01 300,000 1.50
At the End of the year 300,000 1.50 300,000 1.50
SN
shares shares
1
At the beginning of the year 276,500 1.38 276,500 1.38
Date wise changes during the year
December 22, 2017-Purchase 25,000 0.13 301,500 1.51
At the End of the year 301,500 1.51 301,500 1.51
2 Rajnikant G. Patel
At the beginning of the year 305,400 1.53 305,400 1.53
Date wise changes during the year NIL
At the End of the year 305,400 1.53 305,400 1.53
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29Annual Report 2017-2018
SN
shares shares
3
At the beginning of the year 373,600 1.87 373,600 1.87
Date wise changes during the year NIL
At the End of the year 373,600 1.87 373,600 1.87
4 Munjal M. Patel
At the beginning of the year 590,500 2.95 590,500 2.95
Date wise changes during the year
December 22, 2017-Purchase 25,000 0.13 615,500 3.0775
At the End of the year 615,500 3.08 615,500 3.08
Ashish R. Patel
At the beginning of the year 529,802 2.65 529,802 2.65
Date wise changes during the year NIL
At the End of the year 529,802 2.65 529,802 2.65
At the beginning of the year 111,000 0.56 111,000 0.56
Date wise changes during the year NIL
At the End of the year 111,000 0.56 111,000 0.56
Ishwarlal A. Patel
At the beginning of the year 50,400 0.25 50,400 0.25
Date wise changes during the year NIL
At the End of the year 50,400 0.25 50,400 0.25
At the beginning of the year - - - -
Date wise changes during the year NIL
At the End of the year - - - -
Meha M. Patel
At the beginning of the year - - - -
Date wise changes during the year NIL
At the End of the year - - - -
10 Kishor M. Shah
At the beginning of the year 478,400 2.39 478,400 2.39
Date wise changes during the year NIL
At the End of the year 478,400 2.39 478,400 2.39
11 Saurin J. Parikh
At the beginning of the year - - - -
Date wise changes during the year NIL
At the End of the year - - - -
11 -
At the beginning of the year - - - -
Date wise changes during the year NIL
At the End of the year - - - -
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30 Annual Report 2017-2018
`
LoansTotal
iii. Interest accrued but not due
4,323.97––
799.87––
–––
––
–
612.21 - -
- -
-
iii. Interest accrued but not due
4,936.18––
531.78––
–––
––
-
`
SN Total
Patel – MDRajnikant G.
Patel – Jt. MD Patel – WTDAshish R. Patel
– WTDMunjal M.
Patel – WTD
1. Gross salary 17.83 3.08 22.60 31.82 19.75
0.29 0.29 0.29 0.29 0.29
- - - - - -
2. - - - - - -
3. Sweat Equity - - - - - -
4. Commission
- others--
-15.00
--
--
--
-
5. - - - - - -
Total (A) 32.11 20.04
252.84 252.84 252.84 252.84 252.84
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31Annual Report 2017-2018
`
SNCEO CFO Total
1. Gross salary
Act, 1961
– 2.77 –
2. – – – –3. Sweat Equity – – – –4. Commission – – – –
5. – – – –TOTAL – –
COURT]A.COMPANYPenalty
NONEPunishment
B.DIRECTORSPenalty
NONEPunishment
C.OTHER OFFICERS IN DEFAULTPenalty
NONEPunishment
FOR AND ON BEHALF OF THE BOARD FOR LINCOLN PHARMACEUTICALS LIMITED
M. G. Patel H. I. Patel
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32 Annual Report 2017-2018
ANNEXURE ‘F’ TO DIRECTORS’ REPORT
Sr. No.
`
1.
1. Lincoln Parenteral Limited ` 14,48,92,903/-
2. Kanchanbhai Baldevbhai Patel ` 6,28,24,490/-
3. Vadilal Industries Limited ` 1,61,97,163/-
4. Romano Drungs Private Limited ` 18,00,000/-
FOR AND ON BEHALF OF THE BOARD FOR LINCOLN PHARMACEUTICALS LIMITED
M. G. Patel H. I. Patel
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33Annual Report 2017-2018
ANNEXURE ‘G’ TO DIRECTORS’ REPORT
(APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014
`
SN
1. Shri Mahendra G. Patel 18.12 6:1
2. Shri Rajnikant G. Patel 18.37 6:1
3. Shri Hashmukh I. Patel 22.89 7:1
4. Shri Ashish R. Patel 32.11 10:1
5. Shri Munjal M. Patel 20.04 6:1
SN % Increase
1. Shri Mahendra G. Patel Managing Director
2. Shri Rajnikant G. Patel Jt. Managing Director
3. Shri Hashmukh I. Patel Whole-Time Director
4. Shri Ashish R. Patel Whole-Time Director
5. Shri Munjal M. Patel Whole-Time Director
6. Shri Bhavik Parikh
2017-18.
FOR AND ON BEHALF OF THE BOARD FOR LINCOLN PHARMACEUTICALS LIMITED
M. G. Patel H. I. Patel
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34 Annual Report 2017-2018
REPORT ON CORPORATE GOVERNANCE
SNat Last AGM
1 Shri Kishor M. Shah 8 2 0 No 0
2 Shri Mahendra G. Patel 8 8 0 Yes 0
3 Shri Rajnikant G. Patel 8 8 0 Yes 0
4 Shri Hashmukh I. Patel 8 8 0 Yes 0
5 Shri Ashish R. Patel 8 7 0 Yes 0
6 Shri Munjal M. Patel 8 7 0 Yes 1
7 Shri Arvind G. Patel 8 1 0 No 0
8 Shri Ishwarlal A. Patel 8 8 0 Yes 0
9 Dr. Pirabhai R. Suthar 8 6 0 No 0
10 Dr. Meha M. Patel 8 3 0 Yes 0
11 Saurin J. Parikh** 8 0 1 No 1
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35Annual Report 2017-2018
G. Patel and Shri Arvind G. Patel are brothers. Shri Munjal M. Patel is Son of Shri Mahendra G. Patel and Shri Ashish R. Patel is Son of Shri Shri Rajnikant G. Patel. None of the other Directors are related to each other.
Shri Arvind G. Patel 1,11,000Shri Ishwar A. Patel 50,400Dr. Pirabhai R. Suthar NILDr. Meha M. Patel NILShri Kishor M. Shah 4,78,400Shri Saurin J. Parikh NIL
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36 Annual Report 2017-2018
Shri Ishwarlal A. Patel 7 7
Dr. Pirabhai R. Suthar 7 6
Shri Mahendra G. Patel 7 7
2017.
Shri Ishwarlal A. Patel 2 2
Dr. Pirabhai R. Suthar 2 2
Shri Kishor M. Shah 2 0
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37Annual Report 2017-2018
removal:
INDEPENDENT DIRECTORS
OTHER DIRECTORS AND SENIOR MANAGEMENT
I.
II.
Structure
Base Salary
of the role with the
factor involved
Director
delivery of sustained
length on service. and Gratuity Acts
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38 Annual Report 2017-2018
A. : This includes a Monthly Salary such as Consolidated Pay, Variable House Rent Allowance,
B. Annual Allowances: This consists of Leave Travel Allowance, Medical Reimbursement and House Maintenance Allowance.
C.
`
Perquisites Total
Shri Mahendra G. Patel 3 years w.e.f.October 01, 2016
Managing Director 17.83 0.29 18.12
Shri Rajnikant G. Patel 3 years w.e.f.October 01, 2016
Jt. Managing Director 18.08 0.29 18.37
Shri Hashmukh I. Patel 3 years w.e.f.October 01, 2016
Whole-Time Director 22.60 0.29 22.89
Shri Ashish R. Patel 5 years commencing from November 14, 2014
Whole-Time Director 31.82 0.29 32.11
Shri Munjal M. Patel 5 years commencing from November 14, 2014
Whole-Time Director 19.75 0.29 20.04
Total
I.
Shri Arvindbhai G. Patel 3 0Shri Mahendra G. Patel 3 3Shri Hasmukhbhai I. Patel 3 3Shri Ishwarbhai A. Patel 3 3
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39Annual Report 2017-2018
Mr. Bhavik Parikh
Address
Contact Number +91-79-67778000/81
NIL
NIL
NIL
NIL
Act, 2013.
are as under:
Shri Mahendra G. Patel 2 2
Shri Rajnikant G. Patel 2 2
Shri Ishwarbhai A. Patel 2 2
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40 Annual Report 2017-2018
Indian economy is the seventh largest in the world in terms of nominal GDP. The Make in India. Move will further strengthen the local
The Government of India unveiled “Pharma Vision-2020” aimed at making India a Global Leader in End-to-End drug manufacturing.
IV. Outlook.
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41Annual Report 2017-2018
Financial Venue Date
31-03-2017 “LINCOLN HOUSE”, Behind Satyam
Ahmedabad-380060.
29-09-2017 10:30A.M
31-03-2016 “LINCOLN HOUSE”, Behind Satyam
Ahmedabad-380060.
30-09-2016 10:30A.M
None
31-03-2015 “LINCOLN HOUSE”, Behind Satyam
Ahmedabad-380060.
30-09-2015 10:30A.M
B.
No
C.
No
Exchanges i.e. BSE-www.bseindia.com and NSE-www.nseindia.com
Yes
analysts during the year under review.
24th
Science City Road, Sola, Ahmedabad-380060.
Financial Year
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42 Annual Report 2017-2018
051
LINK INTIME INDIA PRIVATE LIMITED
5th
dematerialised form by the shareholders.
Ta-Kalol, District-Gandhinagar, Gujarat.
LINCOLN PHARMACEUTICALS LIMITED
Ahmedabad–380060.Ph. No.: Fax No.: +91-79-67778062
SN Month – Year `) `)
High Price Low Price High Price Low Price
1 241.95 214.00 242.20 213.70
2 May, 2017 235.10 169.00 235.45 169.10
3 June, 2017 200.25 175.00 200.20 175.00
4 July, 2017 202.50 180.00 202.40 172.70
5 August, 2017 187.20 148.00 188.70 145.00
6 183.50 151.05 183.50 150.00
7 October, 2017 201.70 166.00 202.00 165.00
8 November, 2017 211.00 191.00 211.00 191.05
9 December, 2017 244.00 206.45 244.85 206.35
10 January, 2018 274.80 218.75 274.90 219.65
11 February, 2018 248.20 202.05 248.90 204.95
12 March, 2018 249.00 209.75 248.60 211.45
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43Annual Report 2017-2018
1-500 11,438 83.87 15,36,120 7.68
501-1000 1,126 8.26 9,02,275 4.51
1001-2000 496 3.64 7,57,856 3.79
2001-3000 184 1.35 4,68,892 2.34
3001-4000 70 0.51 2,56,338 1.28
4001-5000 76 0.56 3,47,635 1.74
5001-10,000 119 0.87 8,58,185 4.29
10,001 and above 128 0.94 1,48,72,699 74.36
TOTAL 100.00 2,00,00,000 100.00
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44 Annual Report 2017-2018
Sr. No. (%)
1 64,28,979
2 Mutual Funds/ UTI 0
3 12,405
4 29,64,062
5 2,90,162
6 5,81,334
7 Individuals / HUF 95,50,728
9 Clearing Members 1,53,463
10 18,867
Total 2,00,00,000 100.00%
On or Before August 14, 2018On or Before November 14, 2018On or Before February 14, 2019
Results for Year Ending March 31, 2019 On or Before May 30, 2019
13. Other Disclosures.
The Vigil Mechanism / Whistle Blower Policy is devised in such a manner that would enable the stakeholders, including individual
Mandatory requirements:
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45Annual Report 2017-2018
SECRETARIAL AUDITORS’ CERTIFICATE ON CORPORATE GOVERNANCE
To the MembersLINCOLN PHARMACEUTICALS LIMITED“LINCOLN HOUSE”, Science City Road, Sola, Ahmedabad, Gujarat – 380 060, INDIA
FOR RAHUL AGARWAL & ASSOCIATESCOMPANY SECRETARIES
RAHUL AGARWAL
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46 Annual Report 2017-2018
INDEPENDENT AUDITORS’ REPORTToThe Members
Ahmedabad
(“the Company”), which comprise the Balance Sheet as at 31st
4. Opinion
as at 31st
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47Annual Report 2017-2018
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48 Annual Report 2017-2018
st
Income Tax Appellate Tribunal
Income Tax Appellate Tribunal
11.
12.
13.
14.
15.
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49Annual Report 2017-2018
ANNEXURE “B”
, in
Opinion
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50 Annual Report 2017-2018
No.` ` `
A ASSETS 1
(a)(b)(c)(d) Financial Assets
(i) Investments 8
(e) 10
2 (a) Inventories 11(b) Financial Assets
(i) Investments 12(ii) Trade receivables 13
(c)(d) 18
B 1
(a) Share capital 200,000,000 200,000,000 (b) 20
LIABILITIES 2
(a)(i) Borrowings 21
22(b) 23
3 (a)
(i) Borrowings (ii) Trade payables
(b)(c) 28(d)
(Company Secretary)
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51Annual Report 2017-2018
` `
I 30
II 31
III
IV EXPENSES
(a) 32
(b) 33
(c)
(d)
(e)
Finance costs
(g)
(h) 38
V
VI
(a) Current tax
(b)
VII
VIII
IX
A (i)
(ii)
X
XI
XII `
(a) Basic
(b)
(Company Secretary)
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52 Annual Report 2017-2018
` `
Finance costs
Interest income
Interest received
(20,000,000)
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53Annual Report 2017-2018
` `
` ` `
Cash on hand
Chartered Accountants
(Company Secretary)
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54 Annual Report 2017-2018
No. `
Changes during the year
Changes during the year
`
No.Premium
General
Income
Share Capital issued during the year
Nil
Nil
Chartered Accountants
(Company Secretary)
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55Annual Report 2017-2018
Useful lives of property, plant and equipment
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56 Annual Report 2017-2018
Sale of Goods
Interest income
Property, Plant & Equipment
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57Annual Report 2017-2018
Buildings
Computer
10
Furniture & Fixtures 10
Intangible Assets
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58 Annual Report 2017-2018
Stock in Trade
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59Annual Report 2017-2018
mismatch’)
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60 Annual Report 2017-2018
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61Annual Report 2017-2018
Equity instruments
Fair Value Measurement
translated at the exchange rate prevailing on the Balance Sheet date and the exchange gains or losses are recognised in the
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62 Annual Report 2017-2018
cost
Current tax
Deferred tax
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63Annual Report 2017-2018
Current and deferred tax for the period
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64 Annual Report 2017-2018
`)
8,13
3,00
2 2
00,0
00
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
31, 2
018
`
Build
ings
Furn
iture
and
Fix
ture
s
Com
pute
r
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65Annual Report 2017-2018
`
Capitalised during the year
Capitalised during the year
`
Nil Nil Nil
100,000
`
200,000
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66 Annual Report 2017-2018
` ` `
A
i
` 10 each
ii
` 10 each
20,000,000
B
i
i
`
8,000 8,000 8,000
10,000 10,000 10,000
i
ii
` ` `
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67Annual Report 2017-2018
` ` `
Advance tax deposited
Advance Income Tax (net)
` ` `
` ` `
Nil
` ` `
` ` `
company are partners / directors
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68 Annual Report 2017-2018
` ` `
` ` `
Cash on hand
` ` `
` ` `
1,282,038
` ` `
Advance tax deposited
Nil Nil
` ` `
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69Annual Report 2017-2018
` ` `
`
` 10 each)
200,000,000 200,000,000 200,000,000
`
`10 each )
200,000,000 200,000,000
` ` `
Shares at the beginning 20,000,000 200,000,000
1,380,000
`
` ` ` th
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70 Annual Report 2017-2018
` ` `
Nil Nil
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71Annual Report 2017-2018
` ` `
100,000,000
i.
ii.
iii.
` ` `
` ` `
` ` `
Unused Tax Credit
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72 Annual Report 2017-2018
` ` `
10,000,000
` ` `
i.
ii.
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73Annual Report 2017-2018
` ` `
Unpaid dividend
Credit Balance in Current Account
` ` `
` ` `
` ` `
Nil
` `
Scrap Sales
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74 Annual Report 2017-2018
` `
Miscellaneous Income 881,822
` `
` `
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75Annual Report 2017-2018
` `
` `
Salary, Wages & Bonus
` `
` `
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76 Annual Report 2017-2018
` `
Building
Machinery
338,000
Insurance
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77Annual Report 2017-2018
` `
Current tax
Tax expense related to prior period
` `
Tax expenses reported during the year
Income not taxable under Income tax
MAT Credit recognised
` `
Actuarial gain/(loss)
` ` `
Advance paid against such contracts
Nil
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78 Annual Report 2017-2018
` ` `
Income Tax demands disputed in appeal by the Company / Income Tax `
subsidiary
` `
` `
In Income Statement
` `
Current Service Cost
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79Annual Report 2017-2018
` `
` ` `
` ` `
Current Service Cost
(1,080,883)
` ` `
Interest Income
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80 Annual Report 2017-2018
` ` `
Mortality Indian Assured Indian Assured Indian Assured
years and below
` `
` `
` ` `
12 18 18
` ` `
1 year
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81Annual Report 2017-2018
` `
India
` ` `India
` `
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82 Annual Report 2017-2018
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83Annual Report 2017-2018
GAAP
ASSETS
11
(d) Financial Assets
(i) Investments 1 & 2
1 & 3
11
(a) Inventories
(b) Financial Assets
(i) Investments
(ii) Trade receivables 3
(a) Share capital
LIABILITIES
(i) Borrowings
2
(i) Borrowings
(ii) Trade payables
8
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84 Annual Report 2017-2018
GAAP
ASSETS
11
(d) Financial Assets
(i) Investments 1 & 2
1 & 3
11
(a) Inventories
(b) Financial Assets
(i) Investments 102,000,000
(ii) Trade receivables 3
(a) Share capital 200,000,000 200,000,000
LIABILITIES
(i) Borrowings
2
(i) Borrowings
(ii) Trade payables
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85Annual Report 2017-2018
GAAP
I
II
III
IV EXPENSES
(a)
(b)
(c)
(d) 10
(e)
Finance costs
(g) 11
(h)
V
VI
(1) Current tax
(2)
VII
VIII
IX
(i)
/ (asset)
(ii)
Nil
X
GAAP
1 to 12
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86 Annual Report 2017-2018
1
2
3
3
1,282,038
8
1
2
3
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87Annual Report 2017-2018
`st st
In the similar way, the company has charged ` st March,
` st
st `
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88 Annual Report 2017-2018
Investments
Current
Cash and Cash
Assets Nil Nil Nil
Borrowings
Current
Current
Nil Nil Nil
Investments
Current
Cash and Cash
Assets Nil Nil
Borrowings
Current
Current
Nil Nil Nil
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89Annual Report 2017-2018
Investments
Current
Cash and Cash
Assets 1,282,038 1,282,038 1,282,038
Nil Nil Nil
Borrowings
Current
Current
Nil Nil Nil
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90 Annual Report 2017-2018
`
Current
Current
Nil
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91Annual Report 2017-2018
`
Current
Current
`
Current
Current
`
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92 Annual Report 2017-2018
` ` `
` `
For other borrowings, Company’s treasury department monitors the interest rate movement and manages the interest rate
` ` `
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93Annual Report 2017-2018
` `
` ` `
` `
300,000 300,000
Internal Audit Fee 300,000
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94 Annual Report 2017-2018
Furniture & Fixture
` `
20,000,000
` `
15.32
15.32
` `
earnings per share
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95Annual Report 2017-2018
` `
basic earnings per share 20,000,000
20,000,000
` `
(a) Basic earnings per share
Subsidiary
Subsidiary
Avis Travels
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96 Annual Report 2017-2018
` `
Interest income
Advance given 3,100,000
3,100,000
20,000,000
Avis Travels Travelling expenses
Interest expenses
Travelling expenses
Commission
Commission
Advance given
Commission
Advance given
Commission
Advance given 380,000
2,288,302
Commission
Commission
1,180,000
Commission
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97Annual Report 2017-2018
` ` `
investments
investments Security deposits
loans
Advances given Trade payables Trade receivables
investments
Trade receivables
investments 20,000,000
Intercorporate deposits Current borrowings
(10,000,000)
loans Trade payables
Advance to suppliers assets
Trade receivables Trade payables
Avis Travels Trade payables (320,130) Trade payables Trade payables Trade payables Trade payables 380,000 Trade payables Trade payables Trade payables Trade payables
` ` `
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98 Annual Report 2017-2018
` `
` `
Amount Spent during the year on
In Cash
In Cash
54.
55. ` `
57.
(Company Secretary)
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99Annual Report 2017-2018
INDEPENDENT AUDITORS’ REPORTToThe Members
Ahmedabad
Sheet as at 31st
4. Opinion
st
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100 Annual Report 2017-2018
st
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101Annual Report 2017-2018
Opinion
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102 Annual Report 2017-2018
No.` ` `
A ASSETS 1
(a)(b)(c)(d)(e) Financial Assets
(i) Investments
2 (a) Inventories 11(b) Financial Assets
(i) Investments Nil (ii) Trade receivables 13
(c) Nil Nil (d)
1 (a) Share capital (b)
(c)
2 (a)
(b)
3 (a)
(ii) Trade payables
(b)(c)(d) 31
(Company Secretary)
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103Annual Report 2017-2018
` `
III 33IIIIV EXPENSES
(a)(b)(c)(d)(e)
Finance costs(g)(h)
VVI
(a)(c)
VIIVIIIIX
A (i)
(ii)XXI
XII `
(a)(b)
(Company Secretary)
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104 Annual Report 2017-2018
` `
Finance costs
Interest income
Interest received
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105Annual Report 2017-2018
` `
Nil Nil
Nil
Nil
Nil
` ` `
Cash on hand
Chartered Accountants
(Company Secretary)
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106 Annual Report 2017-2018
No. `
Changes during the year
Changes during the year Nil
`
No.Premium
General
Income
Nil Nil Nil Nil Nil
Nil Nil Nil Nil Nil
Nil Nil Nil Nil Nil Nil
Nil Nil Nil Nil Nil Nil
Nil Nil Nil Nil Nil Nil
Share Capital issued during the year
Nil Nil Nil Nil Nil Nil
Nil Nil Nil Nil Nil Nil
Nil
Nil Nil Nil Nil Nil
Nil Nil Nil Nil Nil
Nil Nil Nil Nil Nil Nil
Nil Nil Nil Nil Nil Nil
Nil Nil Nil Nil Nil Nil
Nil
Chartered Accountants
(Company Secretary)
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107Annual Report 2017-2018
Company
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108 Annual Report 2017-2018
Useful lives of property, plant and equipment
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109Annual Report 2017-2018
Sale of Goods
Interest income
Property, Plant & Equipment
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110 Annual Report 2017-2018
Nil
Computer
Intangible Assets
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111Annual Report 2017-2018
Stock in Trade
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112 Annual Report 2017-2018
mismatch’)
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113Annual Report 2017-2018
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114 Annual Report 2017-2018
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115Annual Report 2017-2018
Current tax
Deferred tax
Current and deferred tax for the period
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116 Annual Report 2017-2018
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117Annual Report 2017-2018
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118 Annual Report 2017-2018
`
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
`
Nil
Com
pute
r
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119Annual Report 2017-2018
`
Capitalised during the year
Capitalised during the year
`
Nil Nil
Nil Nil Nil Nil
Nil Nil
Nil Nil Nil Nil
Nil Nil Nil Nil
Nil
Nil Nil Nil Nil
Nil
Nil
Nil Nil Nil Nil
Nil
`
Nil
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120 Annual Report 2017-2018
` ` `
statements)
Interest security deposits
Nil Nil Nil
` ` `
Nil Nil
` ` `
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121Annual Report 2017-2018
` ` `
` ` `
Nil
Nil
` ` `
Nil
` ` `
Nil Nil Nil
` ` `
Nil
Nil
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122 Annual Report 2017-2018
` ` `
Cash on hand
` ` `
` ` `
Nil Nil
` ` `
Advances receivable in cash Nil Nil
` ` `
Nil Nil
Nil Nil
Nil Nil
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123Annual Report 2017-2018
` ` `
Nil Nil
` ` `
`
`
`
`
` ` `
Shares at the beginning
Nil Nil Nil Nil
Nil Nil Nil Nil Nil Nil
`
` ` `
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124 Annual Report 2017-2018
` ` `
Nil Nil Nil
Nil
Nil Nil
Nil Nil
Nil Nil
Nil
Nil
Nil Nil
Nil
Nil
Nil
Nil
Nil Nil
Nil Nil
Nil Nil
Nil Nil Nil
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125Annual Report 2017-2018
` ` `
Nil Nil Nil Nil
Nil Nil Nil Nil
Nil Nil
` ` `
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126 Annual Report 2017-2018
` ` `
Nil Nil Nil
` ` `
` ` `
Nil Nil
Nil
Income
Nil
Nil
Nil
Nil
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127Annual Report 2017-2018
Income
Nil
Nil
Nil
Nil Nil
` ` `
Nil
business loss) Nil Nil Nil
Nil Nil Nil Nil Nil Nil Nil Nil
` ` `
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128 Annual Report 2017-2018
` ` `
Nil Nil Nil
` ` `
Unpaid dividend
` ` `
Nil Nil
Nil
Nil Nil
` ` `
` ` `
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129Annual Report 2017-2018
` `
Scrap Sales
` `
Nil
Nil
Miscellaneous Income
` `
Nil
Nil Nil
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130 Annual Report 2017-2018
` `
` `
` `
` `
` `
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131Annual Report 2017-2018
` `
Machinery
Insurance
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132 Annual Report 2017-2018
` `
Nil
` `
Nil
Nil
MAT Credit recognised Nil
Nil
` `
` ` `
Advance paid against such contracts
Nil
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133Annual Report 2017-2018
` ` `
subsidiary
Nil
` `
In Income Statement
` `
Current Service Cost
Nil
Nil Nil
Net Interest Cost
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134 Annual Report 2017-2018
` `
` ` `
` ` `
Current Service Cost
Nil Nil
Nil
Nil
` ` `
Interest Income
Nil Nil
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135Annual Report 2017-2018
` ` `
Mortality Indian Assured Indian Assured Indian Assured
` `
` `
` ` `
` ` `
1 year
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136 Annual Report 2017-2018
` `
India
` ` `India
` ` Nil Nil Nil Nil Nil Nil
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137Annual Report 2017-2018
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138 Annual Report 2017-2018
GAAPASSETS
NilNil Nil
(e) Financial Assets (i) Investments
3
(a) Inventories Nil (b) Financial Assets
(i) Investments Nil Nil Nil (ii) Trade receivables 3
Nil Nil Nil
Nil Nil Nil Nil
(a) Share capital Nil
Nil
Nil (ii) Trade payables
Nil Nil
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139Annual Report 2017-2018
GAAPASSETS
Nil Nil Nil
(e) Financial Assets (i) Investments
3
(a) Inventories Nil (b) Financial Assets
(i) Investments (ii) Trade receivables 3
Nil Nil Nil
Nil Nil
(a) Share capital Nil
Nil
Nil (ii) Trade payables
Nil Nil Nil
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140 Annual Report 2017-2018
GAAP
I 11
II
III
IV EXPENSES
(a) Nil
(b)
(c) Nil
(d) 11 Nil
(e)
Finance costs
(g)
(h)
V
VI
(1) Nil
VII
VIII
IX
(i)
Nil
(ii) Nil
Nil
X
GAAP
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141Annual Report 2017-2018
1
3
3
Nil
Nil
3
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142 Annual Report 2017-2018
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143Annual Report 2017-2018
Investments
Non Current Nil Nil Nil Nil Nil Nil
Current Nil Nil Nil Nil
Non Current Nil Nil Nil Nil Nil Nil
Current Nil Nil Nil Nil Nil Nil
Nil Nil Nil Nil Nil Nil
Cash and Cash Nil Nil Nil Nil Nil Nil
Nil Nil Nil Nil Nil Nil
Assets Nil Nil Nil
Nil Nil
Non Current Nil Nil Nil Nil Nil Nil
Current Nil Nil Nil Nil Nil Nil
Non Current Nil Nil Nil Nil Nil Nil
Current Nil Nil Nil
Nil Nil Nil Nil Nil Nil
Nil Nil Nil
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144 Annual Report 2017-2018
InvestmentsNon Current Nil Nil Nil Nil Nil Nil Current Nil Nil Nil Nil
Non Current Nil Nil Nil Nil Nil Nil Current Nil Nil Nil Nil Nil Nil
Nil Nil Nil Nil Nil Nil Cash and Cash Nil Nil Nil Nil Nil Nil
Nil Nil Nil Nil Nil Nil
Assets Nil Nil Nil
Nil Nil
Non Current Nil Nil Nil Nil Nil Nil Current Nil Nil Nil Nil Nil Nil
Non Current Nil Nil Nil Nil Nil Current Nil Nil Nil
Nil Nil Nil Nil Nil Nil Nil Nil Nil
InvestmentsNon Current Nil Nil Nil Nil Nil Nil Current Nil Nil Nil Nil Nil Nil Nil Nil
Non Current Nil Nil Nil Nil Nil Nil Current Nil Nil Nil Nil Nil Nil
Nil Nil Nil Nil Nil Nil Cash and Cash Nil Nil Nil Nil Nil Nil
Nil Nil Nil Nil Nil Nil
Assets Nil Nil Nil
Nil Nil Nil
Non Current Nil Nil Nil Nil Nil Nil Current Nil Nil Nil Nil Nil Nil
Non Current Nil Nil Nil Nil Nil Nil Current Nil Nil Nil
Nil Nil Nil Nil Nil Nil Nil Nil Nil
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145Annual Report 2017-2018
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146 Annual Report 2017-2018
(Amount in `)
Non Current Nil Nil
Current Nil Nil Nil
Non Current Nil Nil Nil
Current Nil Nil Nil
Nil Nil Nil
Nil
(Amount in `)
Non Current Nil Nil
Current Nil Nil Nil
Non Current Nil Nil Nil
Current Nil Nil Nil
Nil Nil Nil
Nil
(Amount in `)
Non Current Nil
Current Nil Nil Nil
Non Current Nil Nil Nil
Current Nil Nil Nil
Nil Nil Nil
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147Annual Report 2017-2018
` ` `
Nil
Nil
Nil
Nil
` `
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148 Annual Report 2017-2018
` ` `
` `
` ` `
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149Annual Report 2017-2018
` `
IndiaCompany
controlling interests
IndiaCompany
controlling interests
IndiaCompanyCompany
controlling interests
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150 Annual Report 2017-2018
Lincoln Zullinc
Current assets
Nil
Nil Nil
Nil
Nil Nil
Lincoln Zullinc
Current assets Nil
Nil
Nil
Nil
Nil Nil
Nil
Nil
Nil Nil
Lincoln Zullinc
Current assets Nil
Nil
Nil
Nil
Nil Nil
Nil
Nil
Nil Nil
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151Annual Report 2017-2018
Lincoln Zullinc
Nil Nil
Nil Nil
interest Nil Nil
Nil Nil
Lincoln Zullinc
Nil
Nil
Nil Nil
Nil Nil
interest Nil Nil
Nil Nil
Lincoln Zullinc
Nil Nil
Nil Nil
Lincoln Zullinc
Nil
Nil Nil
Nil Nil
Nil
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152 Annual Report 2017-2018
Nil Nil
Nil Nil Nil
Nil Nil
Nil Nil Nil
Nil Nil
Nil Nil
Nil Nil
Nil Nil
Nil Nil
` `
` `
` `
earnings per share
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153Annual Report 2017-2018
` `
basic earnings per share
` `
Avis Travels
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154 Annual Report 2017-2018
` `
Avis Travels
Nil
Nil
Nil
Nil
Nil
Commission Nil
Commission Nil
Advance given Nil
Commission Nil
Advance given Nil
Commission Nil
Advance given Nil
Nil
Nil
Commission Nil
Nil
Advance repaid Nil
Nil
Nil
Nil
Nil
Nil
Consultancy Fees
Commission Nil
Nil
Commission Nil
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155Annual Report 2017-2018
` ` `
Intercorporate deposits Current
loans Nil Nil
Trade payables Nil Nil
Advance to suppliers assets
Trade receivables
Trade payables Nil Nil
Avis Travels Trade payables
Trade payables Nil
Trade payables Nil
Trade payables Nil Nil
Nil Nil
Trade payables Nil Nil
Nil Nil
Trade payables Nil Nil
Nil Nil
Trade payables Nil
Trade payables Nil Nil
Trade payables
Trade payables Nil
Trade payables Nil Nil
Trade payables Nil Nil
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156 Annual Report 2017-2018
` `
Amount Spent during the year on
In Cash Nil Nil
Nil Nil
In Cash
Nil Nil
Chartered Accountants
(Company Secretary)
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157Annual Report 2017-2018
th
th
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158 Annual Report 2017-2018
No.
Signed this
Stamp
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159Annual Report 2017-2018
UPDATION OF PHYSICAL SHAREHOLDERS’ INFORMATIONTo,
LINK INTIME INDIA PVT. LTD.5th floor, 506-508, Amarnath Business Centre-1 (ABC-1),Beside Gala Business Centre,Near XT Xavier’s College Corner, Off. C. G. Road,Navrangpura, Ahmedabad – 380009
I/ We request you to record the following information against our Folio No.:
Personal Information:
Folio No.
Name of the First Shareholder:
PAN:*
CIN/ Registration No.:(in case of Corporate Shareholder)*
Tel. No. with STD Code:
Mobile No.:
Email id:
* Kindly attach self-attested copy of the documents.
Bank Details:
IFSC( 11 digit):
MICR (9 digit):
Bank A/c Type:
Bank A/c No.:
Name of the Bank:
Bank Branch address:
* A blank cancelled cheque is enclosed for verification of details.
I/ We hereby declare that the particulars given above are correct and complete. If the transaction is delayed because of incomplete or incorrect information, I/ We would not hold the Company/ RTA responsible. I/ We undertake to inform any subsequent changes in the above particulars as and when the changes take place. I/ We understand that the above details shall be maintained by you till I/We hold the securities under the above mentioned Folio No.
Place : Date : Signature of Sole/ First Holder
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NOTES :
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