Khyati Ispat Private LTD FY 2018 PDF

KHYATI ISPAT PRIVATE LIMITED
Standalone Financial Statements for period 01/04/2017 to 31/03/2018
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Corporate identity number U40300CT1996PTC011006
Permanent account number of entity AAACK9805C
VILLAGE JARWAH HIRAPUR
Address of registered office of company RAIPUR CHHATTISGARH
492001 INDIA
Commercial and
Type of industry Industrial
Registration date 12/07/1996
Category/sub-category of company PRIVATE LIMITED COMPANY
Whether company is listed company No
Date of board meeting when final accounts were approved 19/07/2018
Period covered by financial statements 12 MONTHS 12 MONTHS
Date of start of reporting period 01/04/2017 01/04/2016
Date of end of reporting period 31/03/2018 31/03/2017
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
Disclosure web link of company at which annual report is placed NA
Whether company is maintaining books of account and other
No
relevant books and papers in electronic form
Whether books of account and other books and papers are maintained
No
on cloud
Total number of product or service category 1
Description of principal product or services category ANGLE, MS ROUND, CHANNEL
Disclosure of principal product or services [Table] ..(1)

Types of principal product or services [Axis] COLUMN 1
01/04/2017
to
31/03/2018
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 3301
ANGLE, MS
Description of product or service category ROUND,
CHANNEL
Turnover of product or service category 320,06,14,480
Highest turnover contributing product or service (ITC 8 digit) code 33010000
ANGLE, MS
Description of product or service ROUND,
CHANNEL
Unit of measurement of highest contributing product or service MT
Turnover of highest contributing product or service 320,06,14,480
Quantity of highest contributing product or service in UoM [pure] 0
KHYATI ISPAT PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018
[400400] Disclosures - Directors report
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] Column 1 Column 2
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director BASANT BABITA
Middle name of director KUMAR BASANT
Last name of director AGRAWAL AGRAWAL
Designation of director DIRECTOR DIRECTOR
Director identification number of director 00293472 07040070
Date of signing board report 19/07/2018 19/07/2018
2

01/04/2017
to
31/03/2018
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair ATTACHED
Disclosure relating to amounts if any which is proposed to carry to any
ATTACHED
reserves
Disclosures relating to amount recommended to be paid as dividend ATTACHED
Details regarding energy conservation ATTACHED
Details regarding technology absorption ATTACHED
Details regarding foreign exchange earnings and outgo ATTACHED
Disclosures in director’s responsibility statement ATTACHED
Details of material changes and commitment occurred during period
ATTACHED
affecting financial position of company
Particulars of loans guarantee investment under section 186 [TextBlock] ATTACHED
Particulars of contracts/arrangements with related parties under section
ATTACHED
188(1) [TextBlock]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Whether there are material contracts/arrangements/transactions at
No
arm's length basis
Details of statement indicating manner in which formal
ATTACHED
annual evaluation made by board of its performance and of its
committees and individual directors [TextBlock]
Date of board of directors' meeting in which board's report referred
19/07/2018
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3) Textual information (2)
[TextBlock] [See below]
Disclosure of statement on declaration given by independent directors
ATTACHED
under section 149(6) [TextBlock]
Disclosure for companies covered under section 178(1) on
directors appointment and remuneration including other matters ATTACHED
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk
ATTACHED
management policy [TextBlock]
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year ATTACHED
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock] ATTACHED
Disclosure of financial summary or highlights [TextBlock] ATTACHED
Disclosure of change in nature of business [TextBlock] ATTACHED
Details of directors or key managerial personnels who were
ATTACHED
appointed or have resigned during year [TextBlock]
Disclosure of companies which have become or ceased to be its
subsidiaries, joint ventures or associate companies during ATTACHED
year [TextBlock]
Details relating to deposits covered under chapter v of companies act
ATTACHED
[TextBlock]
Details of deposits which are not in compliance with requirements
ATTACHED
of chapter v of act [TextBlock]
Details of significant and material orders passed by
regulators or courts or tribunals impacting going concern ATTACHED
status and company’s operations in future [TextBlock]
Details regarding adequacy of internal financial controls with
ATTACHED
reference to financial statements [TextBlock]
Disclosure of contents of corporate social responsibility policy
ATTACHED
[TextBlock]
Disclosure of appointment and remuneration of managerial personnels
ATTACHED
[TextBlock]
Disclosure regarding issue of sweat equity shares [TextBlock] ATTACHED
Disclosure of voting rights not exercised directly by employees [TextBlock] ATTACHED
Number of meetings of board [pure] 0
3
Disclosure in board of directors report explanatory [Text Block]
D I R E C T O R’S R E P
ORT
Dear Sharholders,
Your Directors take

pleasure in presenting the
“ 22nd Annual Report” of
the Company together
with the Audited Balance
Sheet and Statement of
Profit & Loss for the year
ended 31st March,2018.
FINANCIAL RESULTS :
The summarized financial

highlights for the financial
year ended 31st March,
2018 is as under:
For the
PARTICULARS For the year
year
Ended
31/03/18
Revenue From
Operations & other 3,30,63,10,733 2,89,53,75,428
receipts
Profit/(Loss) before
19,56,87,836 18,34,71,151
Interest, Dep. & Tax
Less : Interest 7,05,56,953 7,90,40,276
Profit/(Loss) before
4
Depreciation & Tax 12,51,30,882 10,44,30,875
Less: Depreciation 4,17,01,745 3,74,57,822
Profit before Tax 8,34,29,137 6,69,73,052
Less: Provision for

3,35,18,538 2,42,92,224
taxation
Less/(Add): Provision for

(52,23,891) (4,04,285)
Deferred taxation
Profit/(Loss) after tax 5,51,34,490 4,30,85,113
Add: Profit B/F. from

42,15,21,607 37,84,36,494
previous year
Profit carried over to

47,66,56,097 42,15,21,607
Balance Sheet
REVIEW OF
PERFOMANCE :
During the year under

review your company
witnessed a marginal
increase and its gross
sales increased to Rs.
330.63 Crores
representing a increase of
14.19% from the previous
year. The net profit after
taxes increased to Rs.
5.51 Crore from Rs. 4.31
Crores in the previous
year. The company is
hopeful of much better
operating margins in the
next financial years.
Change in nature of
Business:-
There is no change in
nature of business of the
5
company.
DIVIDEND :
Your directors do not

recommend any dividend
for the period under
report.
Reserves :
During the year, the board

does not propose any
amount towards any
reserves.
Directors and Key

Mangement Personnel:
There is No Change in
the office of Directors
during the year.
Particulars of Employees:
As non of the employees

are in receipts of Salary
more than specified U/s
197 (12) of the Company
Act, 2013 under rule 5 (2)
of the Companies
(Appointment &
Remuneration ) Rules
2014, no information is
required to be disclosed.
Number of meetings of
the Board :
During the financial year

under review the Board of
Directors met Nine times.
Detailed below is the List
of Board Meetings held:
6
No. of Board
Whether
Meetings
Name of the Director attended last
during the year
AGM
2017-18
Held Attended
Shri Basant Kumar

Agrawal
11 11 Yes
(DIN-00293472)
Smt. Babita Agrawal

11 11 Yes
(DIN-07040070)**
Eleven board meetings

were held during the year
and the gap between two
meetings did not exceed
one hundred twenty days.
The dates on which the
said meetings were held:
15.04.2017, 20.04.2017,
01.05.2017, 18.05.2017,
12.08.2017, 18.08.2017,
01.09.2017, 18.09.2017,
03.10.2017, 09.01.2018,
22.02.2018
Corporate Social
Responsibility &
Governance Committee :
The brief outline of the

Corporate Social
Responsibility (CSR)
Policy of the company
and the initiatives
undertaken by the
company on CSR
activities during the year
are set out in Annexure II
of this report in the format
prescribed in the
Companies (Corporate
social Responsibility
Policy) Rules 2014.
7
Statutory Auditors and

Auditors ’s Report :
The Auditors, M/s Ray

Singh & Company,
Chartered Acountants,
Kolkata retire at the
ensuing Annual General
Meeting and, being
eligible, offer themselves
for re-appointment from
the conclusion of this
Annual General Meeting
till the conclusion of
Annual General Meeting
to be held in the year
2021 subject to ratifiction
of their appointment at
every Annual General
Meeting of the Company.
They have confirmed their
eligibility to the effect that
their re-appointment, if
made, would be within the
prescribed limits under
Section 139 of the
Companies Act and that
they are not disqualified
for reappointmnet.
The Board proposes the

appointment of M/s. RAY
SINGH & COMPANY,
Chartered Accountants
(FR No. 322337E) as
Statutory Auditors of the
Company for the purpose
of ratification by the
members of the
Company.
COST AUDIT
Pursuant to the provisions

of Section 148 of the
Companies Act, 2013
read with Companies
(Cost Records and Audit)
Amendment Rules, 2014,
M/s. SANAT JOSHI &
ASSOCIATES, Cost
Accountants (FR No.
000506) has been
appointed as the Cost
Auditors of the Company.
8
Extract of Annual Return:
The extract of Annual

Return as on the financial
2018 in Form No. MGT-9
forms part of the Boards’
Report.
Material Changes and

Commitments:
There have been no

material changes &
Commitments, which
have occurred between
the end of the financial
year of the company to
which the balance sheet
relates and the date of the
report affecting the
financial position of the
company.
Particulars of Contracts
and arrangements with
Related Parties:
All the related party

transactions that were
entered into during the
financial year ended 31st
March 2018, were on
arm's length basis and
were in the ordinary
course of business. The
format of every contracts
or arrangements entered
into by the Company with
related parties referred to
in sub-section (1) of
Section 188 of the
Companies Act, 2013
including certain arms
length transactions under
third proviso thereto is
disclosed in Form AOC-2.
The form is attached with
the Boards’ Report.
Prevention of Sexual
Harassment at workplace
9
As per the requirement of

the Sexual harassment of
Women at workplace
(Prevention, Prohibition &
Redressal Act, 2013
('Act') and Rules made
thereunder, your
Company maintains a
safer working
environment for both
males and females. The
Company has not
received any complaints
regarding Sexual
Harassment at work
place.
Deposits :
During the year the

Company has not
accepted any deposits
pursuant to the provisions
of Section 73 to 76 of the
Companies Act, 2013
read with rules made
there under and as such,
on amount on account of
principal or interest on
deposits was outstanding
as on the date of the
balance sheet.
Particulars of Loans,
Guarantees or
Investments under
section 186:
The Particulars of Loans,

Guarantees or
Investments under
section 186 for financial
2018 given in Note No.
32. of the notes to
financial statements.
CREDIT RATINGS :
Your Company is
10
enjoying credit rating of

BWR “BBB” on its
long-term bank facilites
and "BWR A3" on its
short-term bank facilities.
Director's Responsibility
Statement :
In accordance with the

provisions of section
134(5) of the Companies
Act, 2013, your Directors
confirm that :
In the
preparation
of the annual
accounts,
the
applicable
accounting
i.
standards
had been
followed and
there has
been no
material
departures.
The directors
had selected
such
accounting
policies and
applied them
consistently
and made
judgment
and
estimates
that are
reasonable
ii. and prudent
so as to give
a true and
fair view of
the state of
affairs of the
Company as
at 31st
March, 2018
and of the
profit and
loss of the
company for
that period.
11
The directors
had taken
proper and
sufficient
care for the
maintenance
of adequate
accounting
records in
accordance
with the
iii. provisions of
this Act for
safeguarding
the assets of
the company
and for
preventing
and
detecting
fraud and
other
irregularities.
The directors
had
prepared the
annual
iv.
accounts on
a going
concern
basis.
The directors
had devised
proper
system to
ensure
compliance
with the
provisions of
v.
all applicable
laws and
that such
systems are
adequate
and
operating
effectively
The directors
ensure that
the proper
internal
financial
controls
were laid
down and
12
that such
internal
financial
controls are
adequate
vi.
13
and were
operating
effectively.
DISCLOSURE OF
PARTICULARS:
In accordance with
requirement of section
134(3)(m) of the
Companies Act,2013 read
with the Companies
(Accounts), Rules 2014
are furnished as below.
Conservation
i.
of Energy :
The
Company
has always
been
conscious of
the need for
conservation
of energy
and has
been
sensitive in
making
progress
towards this
initiative.
Various
energy
conservation
measures
have been
taken at the
plant and
office of the
Company to
implement
energy
conservation
projects like
:-
The
installation &
successful
(i)
operation of
Coal Gasifier
for Furnace.
14
The company
is emphasising
to utilise the
maximum
natural
sources of
energy instead
of using
electricity. The
company
continues its
efforts to
(ii)
reduce and
optimise the
use of
electricity
consumption
at its corporate
Office and its
manufacturing
facilities by
installing Solar
energy
system.
Impact of
above
measures for
reduction of
energy
consumption
and
consequent
impact on the
cost of
production of
goods- The
impact of
(iii)
above
measures
undertaken by
the company
result is
optimisation of
energy
consumption,
savings in
energy cost
and
environment
protection.
Total energy
consumption
and energy
consumption
(iv)
per unit of
production are
given in “Form
A”
15
Absorption
ii. of NIL
Technology :
Foreign
Exchange
iii. NIL
Earnings &
Outgo :
ACKNOWLEDGEMENTS:
The Directors would like

to express their
appreciation for the
co-operation and
assistance received from
Financial Institutions,
Bankers, Customers,
Venders, and Business
Associates of the
Company. The Directors
express their appreciation
for the dedication and
commitment displayed by
the company’s employees
at all levels during the
year.
FOR AND ON
BEHALF OF
THE BOARD
OF
DIRECTORS
Place:-
RAIPUR
Date :
19.07.2018
(Basant
(Mrs. Babita
Kumar
Agrawal)
Agrawal)
Director Director
16
DIN-00293472 DIN-07040070
FORM – A
FORM FOR
DISCLOSURE
OF
PARTICULARS
WITH RESPECT
TO
CONSERVATION
OF ENERGY.
Year
Particulars Year 2016-17
2017-18
POWER & FUEL

A.
CONSUMPTION
1 Electricity :-
a. Purchased
Unit 37,96,710 40,51,620
Total Amount
2,87,72,064 3,14,81,281
(Rs.)
Average
7.58 7.77
Rate/Unit (Rs.)
Generated
through Solar
System
Unit 19,08,000 20,85,369
Total Cost (Rs.) 44,54,100 48,77,950
17
Average
2.33 2.34
Rate/Unit (Rs.)
b. Our Generation :
i. Through Diesel
Generator :
Units - -
Units per Ltr. of

- -
Diesel Oil
Diesel Cost/Unit - -
ii. Through Steam

Turbine/Generator
Units - -
Units per of the

- -
Fuel Oil/Gas
Cost/Unit - -
2 Coal :-
(Specify Quality
and Where used)
Quantity (Tonnes)
M.T. 9,769.010 7,486.490
Total Cost 7,18,63,579 4,82,14,313
Average Rate Per
18
M.T. (Rs.) 7,356.28 6,440.18
3 Furnace Oil :
Quantity (In Ltrs.) - 3,12,400
Quantity (In Kilo

- -
Grams.)
Total Amount
- 56,02,713
(Rs.)
Average Rate Per

- 17.93
Ltr. (Rs.)
Others/Internal
4
Generation :-
(Please give
details)
Quantity - -
Total Cost - -
Consumption Per
Year Year
B. Unit Of
2017-18 2016-17
Production
Rolled Rolled
(Product -in MT) 68,208.180 66,788.933 386.973
Electricity (Unit) 83.64 60.30 62.82
Electricity (Rs.) 311.00 468.53 488.12
19
Furnace Oil ( Ltr.) - 4.68 -
Furnace Oil (Rs.) - 83.89 -
Coal (M.T.) 0.14 0.11 -
Coal (Rs.) 1,053.59 721.89 -
Others -
Per Unit
- -
Consumption
FOR AND
ON BEHALF
PLACE:-RAIPUR OF THE
BOARD OF
DIRECTORS
Date : 19.07.2018
(Basant (Mrs.
Kumar Babita
Agrawal) Agrawal)
Director Director
DIN-00293472 DIN-07040070
Format
for the
Annual
Report
on CSR
Activities
to be
included
in the
Board's
Report
20
A brief outline of the

company's CSR
policy, including
overview of projects
or programs
1 proposed to be
undertaken and a
reference to the
web-link to the CSR
policy and projects or
programs.
The Company's CSR

Policy is focused on
education & skill
development, health
& wellness. Also
embedded in this
objective is support
to the disadvantaged
section of the socity
by providing
opportunities to
improve their quality
of life.
The Composition of
2
the CSR committee:
The company has a

CSR committee of
directors comprising
of Mr. Basant
Agrawal and Mrs.
Babita Agrawal.
Financial Details:
Amount (in
Particulars
Rs.)
Average Net Profit of

3 the company for last 6,48,58,633
three financial years.
Prescribed CSR
Expenditure (2% of
4 12,97,173
the average net profit
as computed above )
21
Details of CSR
5 expenditure during
the financial year:
Total amount to be
spent for the financial 12,97,173
year
Amount Spent 28,22,000
Amount unspent -
(c) Manner in which

the amount spent
during the financial
year is detailed
below:
Amount
spent on
Projects or
the projects
programs (1)
or
Local area or
programs Cumulative Amount
Sector in other (2) Amount outlay
subheads: expenditure spent Direct
CSR project or which the Specify the (budget)
(1) Direct upto the or through
activity identified project is state and project or
expenditure reporting implementing
covered district where programswise
on projects period agency*
projects or
or
programs was
programs
undertaken
(2)
overheads:
Empowering
women &
Vaishya Sewa Senior Raipur Implementing
6,01,000 6,01,000 6,01,000
Society Citizen (Chhattisgarh) agency
{Schedule
VII (iii)}
Promoting
preventive
Akhil Bhartiya
Raipur Implementing
Viklang Chetana 7,00,000 7,00,000 13,01,000
healthcare (Chhattisgarh) agency
Prishad
{Schedule
VII (i)}
Empowering
women &
Senior
Agrasen Welfare Raipur Implementing
22
Foundation Citizen (Chhattisgarh) 6,00,000 6,00,000 19,01,000 agency

{Schedule
VII (iii)}
Empowering
women &
Shri Manav Sewa Senior Raipur Implementing
9,21,000 9,21,000 28,22,000
Santsthan Citizen (Chhattisgarh) agency
{Schedule
VII (iii)}
The short fall in

spending the amount
6
of CSR will be spend
in the coming year.
We hereby affirm that

the CSR policy, as
approved by the
board, has been
implemented and the
CSR committee
7
monitors the
implementation of
CSR projects and
activities in
compliance with our
CSR objectives.
[Basant Kumar [Smt. Babita

Agrawal] Agrawal]
( Director ) ( Director)
DIN-00293472 DIN-07040070
FORM AOC-2
[ Pursuant to clause (h) of sub-section (3) of section 134

of the Act and Rule 8(2) of the Companies (Accounts)
Rules,2014 ]
23
From for disclosure of particulars of

contracts/arrangements entered into by the company
with reated parties refrred to in sub-section (1) of
section 188 of the companies act, 2013 including certain
arms length transactions under third proviso thereto.
1. Details of contracts or arrangements or transactions

not at arm's length ::
The Company has not entered into any contract or

arrangement or transaction with its related parties which
is not at arm's length during financial year 2017-18
2. Details of material contracts or arrangement or

transactions at arm's length basis ::
(d) salient terms

(e)
(b) nature of (c) duration of of the contracts
amount
(a) name (s) of the related party and nature of contracts/ the contracts/ or arrangements
paid as
relationship arrangements/ arrangements/ or transactions
advances.
transactions transactions including the
If any:
value, if any
------------------------------------- NIL
-------------------------------------
* Appropriate approvals have been taken for above

transactions.
Place : RAIPUR
Date : 19.07.2018
For and on
behalf of
board
(Basant
(Mrs. Babita
Kumar
Agrawal)
Agrawal)
24
Director Director
DIN-00293472 DIN-07040070
25
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
Annexure to the Directors Report
FORM NO. MGT-9
EXTRACT OF ANNUAL RETURN
As on the financial year ended on 31st March 2018
[Pursuant to section 92(3) of the Companies Act, 2013 and rule 12 (1) of the Companies (Management and Administration) Rules, 2014
]
I. Registration and other details :
i) CIN :: U40300CT1996PTC011006
ii) Registration Date :: 12.07.1996
iii) Name of the Company :: Khyati Ispat Private Limited
iv) Category/Sub-category of the Company :: Category - Private Limited

Sub Category - Indian, Non- Government company
- Company having share capital
- Limited by shares
v) Address of the Registered office and contact details :: Village – Jarwah, Hirapur, Raipur – 492009 Chhattisgarh.
Email id- info@Khyati.co.in
contact No. 0771-2325566, 2325517
vi) Whether listed company :: NO
vii) Name,Address and contact details of Registrar and Transfer Agent,if any. :: Not Applicable
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All the business activities contributing 10 % or more of the total turnover of the company shall be stated:-
Sl. No. Name and Description of main products / services NIC Code of the Product/ service % to total turnover of the company
1 Angel 3301 74.67%
2 MS Round 3301 0.27%
3 Channel 3301 6.24%
III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES -

[ No. of Companies for which information is being filled] - 2
Sl. No. NAME AND ADDRESS OF THE COMPANY CIN/GLN HOLDING/ SUBSIDIARY/ ASSOCIATE % of shares held Applicable
Section
1 "Sampurn Impex Private Ltd
Address: - C/o Khyati Steels, Sondongari, Hirapur, Raipur 492009.
" U51909CT1993PTC001661 Associate 37.25% 2 (6)
2 Khyati Infracon private Limited, Address- 14-C, Maharshi Devendra Road, Burra Bazar, Kolkata- 700007 West
Bengal. U51109WB1995PTC072921 Associate 42.21% 2 (6)
IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
i) Category-wise Share Holding
Category of Shareholders No. of Shares held at the beginning of the year i.e. 01.04.2017 No. of Shares held at the end of the year i.e,
31.03.2018 % Change during the year
Demat Physical Total % of Total Shares Demat Physical Total % of Total Shares
A. Promoters
(1) Indian
a. Individual/HUF - 31,40,240 31,40,240 20.54% - 31,40,240 31,40,240 20.54% 0.00%
b. Central Govt - - - - - - - - -
c. State Govt (s) - - - - - - - - -
d. Bodies Corp. - 1,21,46,000 1,21,46,000 79.46% - 1,21,46,000 1,21,46,000 79.46% 0.00%
e. Banks / FI - - - - - - - - -
f. Any Other…. - - - - - - - - -
Sub-total (A) (1):- - 1,52,86,240 1,52,86,240 100% - 1,52,86,240 1,52,86,240 100% -
26
(2) Foreign
a) NRIs - Individuals - - - - - -
b) Other – Individuals - - - - - -
c) Bodies Corp. - - - - - -
d) Banks / FI - - - - - -
e) Any Other…. - - - - - -
Sub-total (A) (2):- - - - - - - - -
Total shareholding of Promoter (A) = (A)(1)+(A)(2) - 1,52,86,240 1,52,86,240 100% - 1,52,86,240 1,52,86,240 100% -
B. Public Shareholding
1. Institutions
a) Mutual Funds - - - - - -
b) Banks / FI - - - - - -
c) Central Govt - - - - - -
d) State Govt(s) - - - - - -
e) Venture Capital Funds - - - - - -
f) Insurance Companies - - - - - -
g) FIIs - - - - - -
h) Foreign Venture Capital Funds - - - - - -
i) Others (specify) - - - - - -
Sub-total (B)(1):- - - - - - - - - -
2. Non-Institutions
a) Bodies Corp.
i) Indian - - - - - -
ii) Overseas - - - - - -
b) Individuals
i) Individual shareholders holding nominal share capital upto Rs. 1 lakh - - - - - -
i) Individual shareholders holding nominal share capital in excess of Rs. 1 lakh - - - - - - -
c) Others (specify) - - - - - - -
Sub-total (B)(2):- - - - - - - - - -
Total Public Shareholding (B)=(B)(1)+(B)(2) - - - - - - - - -
C. Shares held by Custodian for GDRs & ADRs - - - - - -
Grand Total (A+B+C) - 1,52,86,240 1,52,86,240 - 1,52,86,240 1,52,86,240 -
(ii) Shareholding of Promoters
S.N. Shareholder's Name Shareholding at the beginning of the year i.e. 01/04/2017 Share holding at the end of the year i.e, 31/03/2018 %
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 total shares
1. Basant Kumar Agrawal 30,11,340 19.70% - 30,11,340 19.70% - 0.00%
2. Smt. Babita Agrawal 1,28,900 0.84% - 1,28,900 0.84% - 0.00%
Total 31,40,240 20.54% - 31,40,240 20.54% - 0.00%
(iii). Change in Promoters’ Shareholding ( please specify, if there is no change)
Sl. No. Shareholding at the beginning of the year i.e. 01/04/2017 Cumulative Shareholding during the year i.e, 31/03/2018
No. of shares % of total shares of the company No. of shares % of total shares of the company
I Shri Basant Kumar Agrawal
1 At the beginning of the year 30,11,340 19.70% 30,11,340 19.70%
2 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):
3 At the End of the year 30,11,340 19.70% 30,11,340 19.70%
Sl. No. Shareholding at the beginning of the year i.e. 01/04/2017 Cumulative Shareholding during the year i.e, 31/03/2018
No. of shares % of total shares of the company No. of shares % of total shares of the company
II Smt Babita Agrawal
1 At the beginning of the year 1,28,900 0.84% 1,28,900 0.84%
2 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):
3 At the End of the year 1,28,900 0.84% 1,28,900 0.84%
(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):
Sl. No. Shareholding at the beginning of the year i.e. 01/04/2017 Cumulative Shareholding during the year i.e. 31/03/2018
For Each of the Top 10 Shareholders No. of shares % of total shares of the company No. of shares % of total shares of the company
I Sampurn Impex Pvt Ltd
At the beginning of the year 56,94,000 37.25% 56,94,000 37.25%
Date wise Increase / Decrease in Share holding during the year specifying the reasons for increase / decrease (e.g. allotment / transfer / bonus /
sweat equity etc):
At the End of the year ( or on the date of separation, if separated during the year) 56,94,000 37.25% 56,94,000 37.25%
II Khyati Infracon Private Limited (Earlier Known as Cap Vanijya Private Limited)
27

Date wise Increase / Decrease in Share holding during the year specifying the reasons for increase / decrease (e.g. allotment / transfer / bonus /
sweat equity etc):
At the End of the year ( or on the date of separation, if separated during the year) 64,52,000 42.21% 64,52,000 42.21%
(v) Shareholding of Directors and Key Managerial Personnel:
Shareholding at the beginning of the year i.e. 01/04/2017 Cumulative Shareholding during the year i.e. 31/03/2018
For Each of the Directors and KMP No. of shares % of total shares of the company No. of shares % of total shares of the company
1. Shri Basant Kumar Agrawal
Date wise Increase / Decrease in Share holding during the year specifying the reasons for increase / decrease (e.g. allotment / transfer / bonus/
sweat equity etc): - - -
At the End of the year 30,11,340 19.70% 30,11,340 19.70%
2. Smt. Babita Agrawal
Date wise Increase / Decrease in Share holding during the year specifying the reasons for increase / decrease (e.g. allotment / transfer / bonus/
sweat equity etc): - - - 0.00%
At the End of the year 1,28,900 0.84% 1,28,900 0.84%
V. INDEBTEDNESS
Indebtedness of the Company including interest outstanding/accrued but not due for payment
Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtness

Indebtedness at the beginning of the financial year
i) Principal Amount 73,77,47,782 - - 73,77,47,782
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) 73,77,47,782 - - 73,77,47,782
Change in Indebtedness during the financial year
Addition - - - -
Reduction 2,32,197 - - 2,32,197
Net Change (2,32,197) - - (2,32,197)
Indebtedness at the end of the financial year
i) Principal Amount 73,75,15,584 - - 73,75,15,584
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) 73,75,15,584 - - 73,75,15,584
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director, Whole-time Directors and/or Manager:
Sl. Particulars of Remuneration Name of MD/WTD/Manager Total Amount

Basant Kumar Agrawal Babita Agrawal --- ----
1 Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 - - - - -
(b) Value of perquisites u/s 17(2)Income-tax Act, 1961 - - - - -
(c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961 - - - - -
2 Stock Option - - - - -
3 Sweat Equity - - - - -
4 Commission - - -
- as % of profit - - - - -
- others, specify… - - - - -
5 Others, please specify - - - - -
Total (A) - - - - -
Ceiling as per the Act
B. Remuneration to other directors:
Sl. Particulars of Remuneration Name of Directors Total Amount

Basant Agrawal Smt. Babita Agrawal
1 Executive directors 2400000 2400000 - 4800000
2 Independent Directors Not Applicable
· Fee for attending board / committee meetings
· Commission
· Others, please specify
Total (1)
3 Other Non-Executive Directors Not Applicable
· Fee for attending board / committee meetings
· Commission
28
· Others, please specify

Total (2)
Total (B)= (1+2)
Total Managerial Remuneration 2400000 2400000 - 4800000
Ceiling as per the Act N.A. N.A. N.A. N.A.
C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD
Sl. Particulars of Remuneration Key Managerial Personnel Total Amount

CEO Company secretary CFO
1 Gross salary Not Applicable
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961
(b) Value of perquisites u/s 17(2)Income-tax Act, 1961
(c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961
2 Stock Option
3 Sweat Equity
4 Commission
- as % of profit
- others, specify
5 Others, please specify
Total (A)
Ceiling as per the Act
VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

There were no penalties, punishment or compounding of offences during the year March 31, 2018.
[400200] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)

Auditors [Axis] Column 1
01/04/2017
to
31/03/2018
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
RAY SINGH &
Name of audit firm COMPANY
RAY SAHAB
Name of auditor signing report SINGH
Firms registration number of audit firm 322337E
Membership number of auditor 056261
22 RADHA NATH
MULLACK LANE,
Address of auditors KOLKATA 700012
INDIA
Permanent account number of auditor or auditor's firm AIWPS6196H
SRN of form ADT-1 Z99999999
Date of signing audit report by auditors 19/07/2018
Date of signing of balance sheet by auditors 19/07/2018

01/04/2017
to
31/03/2018
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company No
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
Auditor's qualification(s), reservation(s) or adverse remark(s) in
ATTACHED
auditors' report
29
Disclosure in auditor’s report explanatory [Text Block]
RAY SINGH & COMPANY
Independent Auditor's Report
To,
The Members of
KHYATI ISPAT PRIVATE LIMITED
Report on the Financial Statements
We have audited the accompanying Financial

Statements of KHYATI ISPAT PRIVATE LIMITED
("the company"), which comprise the Balance Sheet
as at 31st March, 2018, and the Statement of Profit
& Loss and Cash Flow Statement for the year then
ended, and a summary of significant accounting
policies and other explanatory information.
Management's Responsibility for the Financial

Statements
The Company's Board of Directors is responsible for

the matters stated in section 134(5) of the
Companies Act, 2013 ("the Act") with respect to
preparation & presentation of these financial
statements that give a true and fair view of the
financial position and financial performance and
cash flows of the company in accordance with the
Accounting Standards generally accepted in India,
30
including the accounting standards specified under

Section 133 of the Act, read with Rule 7 of the
Companies (Accounts) Rules,2014 (as ammended).
This responsibility includes maintenance of adequate
accounting records in accordance with the provisions
of the Act for safeguarding the assets of the
company and for preventing and detecting frauds
and other irregularities; selection and application of
appropriate accounting policies; making judgement
and estimates that are reasonable and prudent; and
design, implementation and maintenance of
adequate internal financial controls that were
operating effectively for ensuring the accuracy and
completeness of the accounting records, relevant to
the preparation and presentation of the financial
31
statements that give a true and fair view and are free
from material misstatement, whether due to fraud of
error.
Auditor's Responisibility
Our responsibility is to express an opinion on these

financial statements based on our audit. We have
taken into account the provisions of the Act, the
accounting and auditing standards and matters
which are required to be included in the audit report
under the provisions of the Act and the Rules made
thereunder.
We conducted our audit in accordance with

standards on auditing specified under section
143(10) of the Act. Those standards require that we
comply with the ethical requirements and plan and
perform the audit to obtain reasonable assurance
about whether the financial statements are free from
material misstatement.
An audit involves performing procedures to obtain

audit evidence about the amounts and disclosures in
the financial statements. The procedures selected
depended on the auditor’s judgment, including the
assessment of the risks of material misstatement of
the financial statements, whether due to fraud or
error. In making those risk assessments, the auditor
considers internal financial control relevant to the
Company’s preparation and fair presentation of the
financial statements in order to design audit
procedures that are appropriate in the circumstances
but not for the purpose of expressing an opinion on
whether the company has inplace adequate internal
financial controls system over financial reporting and
the operating effectiveness of such controls. An
audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of
the accounting estimates made by management as
well as evaluating the overall presentation of the
We believe that the audit evidence we have obtained

is sufficient and appropriate to provide a basis for
our qualified audit opinion on the financial
statements.
Opinion
32
In our opinion and to the best of our information and

according to the explanations given to us, the
aforesaid standalone financial statements give the
information required by the Act in the manner so
required and give a true and fair view in conformity
with the accounting principles generally accepted in
India,
(i) in the case of the balance sheet, of the state of

affairs of the Company as at 31st March 2018;
(ii) in the case of the statement of profit and loss, of

the loss for the year ended on that date; and
(iii) in the case of the cash flow statement, of the

cash flows for the year ended on that date.
Report on other Legal and Regulatory Requirements
As required by the
Companies
(Auditor’s Report)
Order, 2016 (" the
order") issued by the
Central Government
in terms of
1. sub-section [11] of
section 143 of the
Act, we give in the
Annexure-A a
statement on the
matter specified in
paragraphs 3 and 4
of the said order.
As required by
section 143 (3) of
2.
the Act, we report
that :
We have sought
and obtained all
the information
and
explanations
which to the
best of our
knowledge &
33
belief were
a.
34
necessary for
the purpose of
audit.
In our opinion,
proper book of
Accounts as
required by law
have been kept
b.
by the company
so far as it
appears from
our examination
of those books.
The Balance
Sheet,
Statement of
Profit & Loss
c. and Cash Flow
Statement are in
agreement with
the books of
account.
In our opinion,
the Financial
Statements
dealt with by this
report comply
with Accounting
Standards
specified under
d.
section 133 of
the Companies
Act, 2013 (“the
Act”) read with
Rule 7 of the
Companies
(Accounts)
Rules, 2014.
On the basis of
the written
representations
received from
the directors as
on 31st March,
2018, and taken
on record by the
Board of the
Directors, we
report that none
of the directors
is disqualified as
on 31st March,
2018 from being
35
appointed as a
director in terms
of sub-section
(2) of section
e.
36
164 of the
Companies Act,
2013.
With respect to
the adequacy of
the internal
financial
controls over
financial
reporting of the
f.
Company and
the operating
effectiveness of
such controls,
refer to our
separate report
in Annexure - B.
With respect to
the other
matters to be
included in the
Auditor's Report
in accordance
with Rule 11 of
the Companies
g. (Audit and
Auditors) Rules,
2014, in our
opinion and to
the best of our
information and
according to the
explanations
given to us:-
The
Company
has
disclosed
the impact
of pending
litigations
on its
(i)
financial
position in
its financial
statements
– (Note 27.
to the
financial
statements).
The
company
has made
provision,
37
as required
under the
applicable
law or
accounting
standards,
for material
foreseeable
losses, if
any, and as
(ii)
38
required on
long-term
contracts.
The
provisions
related to
Investor
Education
and
Protection
(iii)
funds are
not
applicable
to the
company as
no dividend
declared.
FOR, RAY SINGH &

COMPANY
Chartered
Accountants
FIRM REGN. NO.-

322337E
(RAY SAHAB
SINGH)
(M.NO. 056261)
PROPRIETOR
Kolkata, 19.07.2018
ANNEXURE-A TO THE INDEPENDENT

AUDITOR’S REPORT
KHYATI ISPAT
39
Ref: PRIVATE LIMITED.
( Referred to in paragraph 1 under " Report on other

Legal and Regulatory Requirements" of our report of
even date. )
In respect of its
[i]
Fixed Assets :
The Company
has maintained
proper records
showing full
particulars
[a]
including
quantitative
details and
situation of fixed
Assets.
As explained to
us all the assets
have been
physically
verified by the
management
during the year
which, in our
opinion, is
reasonable
[b]
having regard to
the size of the
Company and
the nature of its
assets. No
material
discrepancies
were noticed on
such physical
verification.
In respect of its
[ii]
Inventory :
The inventory
has been
physically
verified during
the year by the
[a]
Management. In
our opinion, the
frequency of
verification is
reasonable.
40
In our opinion
and according to
the information
and
explanations
given to us, the
Procedure of
physical
verification of
[b] inventories
followed by the
management
are reasonable
and adequate in
relation to the
size of the
company & the
nature of its
business.
In our opinion
and according to
the information
and
explanations
given to us, the
company is
maintaining
proper records
of inventory.
The
[c] discrepancies
noticed on
verification
between the
physical stocks
& the books
records were
not material
having regard to
the size of the
operations of
the company.
The company has

not granted any
loans, secured or
unsecured to any
party covered in the
[iii] register maintained
under section 189 of
the Companies Act’
2013. Hence Clause
(a) & (b ) has not
been Applicable.
In our opinion and
41
according to the
information &
explanations given
to us, the Company
has compiled with
the provisions of
Section 186 of the
Companies Act,
2013 in respect of
the loans and
investment made,
[iv] and guarantees and
security provided by
it. The Company has
not granted any
loans and made any
investments, or
provided any
guarantees or
security to the
parties covered
under Section 185 of
the Companies Act,
2013.
In our opinion and

according to the
information and
explanations given
to us, the company
has not accepted
any deposits from
public within the
meaning of section
73 to 76 of the Act
[v] and Rules framed
there under to the
extent notified;
therefore the
provisions of clause
3 (v) of the
Companies
Order, 2016 are not
applicable to the
company.
We have broadly
reviewed the cost
records, maintained
by the company
pursuant to the
Companies Cost
Accounting
Records) Rules,
2011 prescribed by
the central
Government under
section 148(1) of the
Companies Act,
2013 and are of the
opinion that prima
facie the prescribed
42
cost records have

been maintained.
We have, however,
not made a detailed
examination of the
cost records with a
view to determine
[vi]
43
whether they are

accurate or
complete.
According to the
record of the
company,
undisputed
statutory dues
including
Provident fund,
Employees
State Insurance,
Income tax,
Sales tax,
Service Tax,
Excise duty,
[vii] [a] GST and other
material
statutory dues
applicable to it
have been
generally
regularly
deposited with
the appropriate
authorities
though there
has been a
slight delay in
few cases.
According to the
information and
explanations
given to us, no
undisputed
amounts
payable in
respect of the
aforesaid dues
were in arrears,
as at 31/3/2018
for the period of
more than six
months from the
date they
become
payable.
According to the
information and
explanation
[b] given to us, no
statutory dues
pending for
payment.
44
In our opinion and

according to the
information and
explanations given
to us, the company
has not defaulted in
repayment of loans
[viii] or borrowings to any
financial institution
or bank or
Government as at
the balance sheet
date. The Company
has not issued any
debentures.
The Company has

not raised any
moneys by way of
initial public offer,
further public offer
(including debt
instruments).
According to
[ix]
information and
explanation received
by us, money raised
by way of Term
Loan have been
applied for the
purpose for which
they were raised.
In our opinion and

according to the
information and
explanations given
to us, no fraud by
the Company or on
the Company by its
officers or
employees has been
[x] noticed or reported
during the year.
Therefore, the
3 (x) of the
Companies
Order, 2016 are not
applicable to the
company.
In our opinion and

according to the
information and
explanations given
45
to us, the provisions

of section 197 read
with Schedule V to
the Companies Act,
2013 applies to
public companies
only, therefore, the
3 (xi) of the
Companies
[xi]
46
Order, 2016 are not

applicable to the
company.
As the Company is
not a Nidhi
Company and the
Nidhi Rules, 2014
are not applicable to
it. Therefore, the
[xii] provisions of clause
3 (xii) of the
Companies
Order, 2016 are not
applicable to the
company.
The Company has

entered into
transactions with
related parties in
compliance with the
provisions of Section
177 and 188 of the
Act wherever
applicable. The
details of such
related party
transactions have
been disclosed in
[xiii]
the financial
statements as
required under
Accounting
Standard (AS) 18,
Related Party
Disclosures
specified under
Section 133 of the
Act, read with Rule 7
of the Companies
(Accounts) Rules,
2014.
The Company has

not made any
preferential
allotment or private
placement of shares
or fully or partly
convertible
debentures during
the year under
[xiv] review. Therefore,
the provisions of
clause 3 (xiv) of the
Companies
47
Order, 2016 are not

applicable to the
company.
The Company has

not entered into any
non-cash
transactions with its
directors or persons
connected with him.
Therefore, the
[xv]
3 (xv) of the
Companies
Order, 2016 are not
applicable to the
company.
The Company is not

required to be
registered under
Section 45-IA of the
Reserve Bank of
India Act, 1934.
Therefore, the
[xvi]
3 (xvi) of the
Companies
Order, 2016 are not
applicable to the
company.
FOR, RAY SINGH & COMPANY
CHARTERED ACCOUNTANTS
FIRM REGN. NO.- 322337E
(RAY SAHAB SINGH)
(M.NO. 056261)
PROPRIETOR
48
Kolkata, 19.07.2018
ANNEXURE-B TO THE INDEPENDENT

AUDITOR’S REPORT
KHYATI ISPAT
Ref:
PRIVATE LIMITED.
(Referred to in paragraph 2(f) of Report on Other

Legal and Regulatory Requirements of our report of
even date)
Report on the Internal Financial Controls under

Clause (i) of Sub-section 3 of Section 143 of the Act.
We have audited the internal financial controls over

financial reporting of Khyati Ispat Private Limited
(“the Company”) as of March 31, 2018 in conjunction
with our audit of the standalone financial statements
of the Company for the year ended on that date.
Management’s Responsibility for Internal Financial

Controls
The Company’s management is responsible for

establishing and maintaining internal financial
controls based on the internal control over financial
reporting criteria established by the Company
considering the essential components of internal
control stated in the Guidance Note on Audit of
Internal Financial Controls Over Financial Reporting
issued by the Institute of Chartered Accountants of
India. These responsibilities include the design,
implementation and maintenance of adequate
internal financial controls that were operating
effectively for ensuring the orderly and efficient
conduct of its business, including adherence to
company’s policies, the safeguarding of its assets,
the prevention and detection of frauds and errors,
the accuracy and completeness of the accounting
records, and the timely preparation of reliable
financial information, as required under the
Companies Act, 2013.
49
Auditors’ Responsibility
Our responsibility is to express an opinion on the

Company's internal financial controls over financial
reporting based on our audit. We conducted our
audit in accordance with the Guidance Note on Audit
of Internal Financial Controls Over Financial
Reporting (the “Guidance Note”) and the Standards
on Auditing, issued by ICAI and deemed to be
prescribed under section 143(10) of the Companies
Act, 2013, to the extent applicable to an audit of
internal financial controls, both applicable to an audit
of Internal Financial Controls and, both issued by the
Institute of Chartered Accountants of India. Those
Standards and the Guidance Note require that we
comply with ethical requirements and plan and
perform the audit to obtain reasonable assurance
about whether adequate internal financial controls
over financial reporting was established and
maintained and if such controls operated effectively
in all material respects.
Our audit involves performing procedures to obtain

audit evidence about the adequacy of the internal
financial controls system over financial reporting and
their operating effectiveness. Our audit of internal
financial controls over financial reporting included
obtaining an understanding of internal financial
controls over financial reporting, assessing the risk
that a material weakness exists, and testing and
evaluating the design and operating effectiveness of
internal control based on the assessed risk. The
procedures selected depend on the auditor’s
judgement, including the assessment of the risks of
material misstatement of the financial statements,
whether due to fraud or error.
We believe that the audit evidence we have obtained

is sufficient and appropriate to provide a basis for
our audit opinion on the Company’s internal financial
controls system over financial reporting.
Meaning of Internal Financial Controls Over

Financial Reporting
A company's internal financial control over financial

reporting is a process designed to provide
reasonable assurance regarding the reliability of
financial reporting and the preparation of financial
statements for external purposes in accordance with
generally accepted accounting principles. A
company's internal financial control over financial
reporting includes those policies and procedures that
50
(1) pertain to the maintenance of records that, in

reasonable detail, accurately and fairly reflect the
transactions and dispositions of the assets of the
company; (2) provide reasonable assurance that
transactions are recorded as necessary to permit
preparation of financial statements in accordance
with generally accepted accounting principles, and
that receipts and expenditures of the company are
being made only in accordance with authorizations
of management and directors of the company; and
(3) provide reasonable assurance regarding
prevention or timely detection of unauthorized
acquisition, use, or disposition of the company's
assets that could have a material effect on the
Inherent Limitations of Internal Financial Controls

Over Financial Reporting
Because of the inherent limitations of internal

financial controls over financial reporting, including
the possibility of collusion or improper management
override of controls, material misstatements due to
error or fraud may occur and not be detected. Also,
projections of any evaluation of the internal financial
controls over financial reporting to future periods are
subject to the risk that the internal financial control
over financial reporting may become inadequate
because of changes in conditions, or that the degree
of compliance with the policies or procedures may
deteriorate.
Opinion
In our opinion, the Company has, in all material

respects, an adequate internal financial controls
system over financial reporting and such internal
financial controls over financial reporting were
operating effectively as at March 31, 2018, based on
the internal control over financial reporting criteria
established by the Company considering the
essential components of internal control stated in the
Guidance Note on Audit of Internal Financial
Controls Over Financial Reporting issued by the
Institute of Chartered Accountants of India.
FOR, RAY SINGH & COMPANY
CHARTERED ACCOUNTANTS
51
FIRM REGN. NO.- 322337E
(RAY SAHAB SINGH)
(M.NO. 056261)
PROPRIETOR
Kolkata, 19.07.2018
[400500] Disclosures - Secretarial audit report

01/04/2017
to
31/03/2018
Disclosure in secretarial audit report explanatory [TextBlock] ATTACHED
Whether secretarial audit report is applicable on company No
52
[100100] Balance sheet

31/03/2018 31/03/2017 31/03/2016
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 15,28,62,400 15,28,62,400 15,28,62,400
Reserves and surplus 68,87,60,697 63,36,26,207
Money received against share warrants 0 0
Total shareholders' funds 84,16,23,097 78,64,88,607
Share application money pending allotment 0 0
Deferred government grants 0 0
Minority interest 0 0
Non-current liabilities [Abstract]
Long-term borrowings 0 0
Deferred tax liabilities (net) 1,43,37,810 1,95,61,701
Foreign currency monetary item translation difference liability
0 0
account
Other long-term liabilities 11,90,000 11,90,000
Long-term provisions 47,21,942 45,05,132
Total non-current liabilities 2,02,49,752 2,52,56,833
Current liabilities [Abstract]
Short-term borrowings 73,75,15,584 73,67,45,339
Trade payables 8,30,13,862 2,77,11,520
Other current liabilities 2,04,32,603 1,69,98,472
Short-term provisions 46,40,752 1,58,87,310
Total current liabilities 84,56,02,801 79,73,42,641
Total equity and liabilities 170,74,75,650 160,90,88,081
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 20,04,09,797 19,90,91,968 21,53,77,384
Producing properties 0 0 0
Intangible assets 0 0
Preproducing properties 0 0
Tangible assets capital work-in-progress 44,32,667 1,69,20,220
Intangible assets under development or work-in-progress 0 0
Total fixed assets 20,48,42,464 21,60,12,188
Non-current investments 6,67,58,675 6,67,58,675
Deferred tax assets (net) 0 0
Foreign currency monetary item translation difference asset account 0 0
Long-term loans and advances 3,32,37,894 2,00,64,765
Other non-current assets 29,84,518 33,76,978
Total non-current assets 30,78,23,551 30,62,12,606
Current assets [Abstract]
Current investments 0 0
Inventories 61,06,86,272 62,84,12,546
Trade receivables 41,59,54,842 41,67,16,410
Cash and bank balances 7,73,309 11,05,175
Short-term loans and advances 37,11,92,218 25,58,59,901
Other current assets 10,45,458 7,81,443
Total current assets 139,96,52,099 130,28,75,475
Total assets 170,74,75,650 160,90,88,081
53
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] Column 1 Column 2
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director BASANT BABITA
Middle name of director KUMAR BASANT
Last name of director AGRAWAL AGRAWAL
Designation of director DIRECTOR DIRECTOR
Director identification number of director 00293472 07040070
Date of signing of financial statements by director 19/07/2018 19/07/2018

01/04/2017
to
31/03/2018
Name of chief financial officer ATTACHED
Permanent account number of chief financial officer AAAAA1234B
54
[100400] Cash flow statement, indirect

01/04/2017 01/04/2016
to to 31/03/2016
31/03/2018 31/03/2017
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax 8,34,29,137 6,69,73,053
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 5,42,291 32,46,832
Adjustments for depreciation and amortisation expense 4,17,01,745 3,74,57,822
Adjustments for impairment loss reversal of impairment loss
0 0
recognised in profit or loss
Adjustments for unrealised foreign exchange losses gains 0 0
Adjustments for dividend income 0 0
Adjustments for share-based payments 0 0
Other adjustments for which cash effects are investing or
6,96,54,332 4,66,83,583
financing cash flow
Other adjustments to reconcile profit (loss) 44,78,751 -4,77,414
Other adjustments for non-cash items 0 0
Share of profit and loss from partnership firm or
0 0
association of persons or limited liability partnerships
Total adjustments to profit (loss) 11,63,77,119 8,69,10,823
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories 1,77,26,273 -17,09,106
Adjustments for decrease (increase) in trade receivables 2,19,278 -26,55,72,979
Adjustments for decrease (increase) in other current assets -12,83,77,000 -2,80,47,095
Adjustments for increase (decrease) in trade payables 5,53,02,342 -29,31,615
Adjustments for increase (decrease) in other current liabilities 34,34,132 -3,45,62,491
Adjustments for provisions -1,10,29,749 -1,57,30,437
Total adjustments for working capital -6,27,24,724 -34,85,53,723
Total adjustments for reconcile profit (loss) 5,36,52,395 -26,16,42,900
Net cash flows from (used in) operations 13,70,81,532 -19,46,69,847
Dividends received 0 0
Interest paid 0 0
Interest received 0 0
Income taxes paid (refund) 3,35,18,538 2,42,92,224
Other inflows (outflows) of cash 0 0
Net cash flows from (used in) operating activities before extraordinary
10,35,62,994 -21,89,62,071
items
Proceeds from extraordinary items 0 0
Payment for extraordinary items 0 0
Net cash flows from (used in) operating activities 10,35,62,994 -21,89,62,071
Cash flows from used in investing activities [Abstract]
Cash flows from losing control of subsidiaries or other businesses 0 0
Cash flows used in obtaining control of subsidiaries or other businesses 0 0
Other cash receipts from sales of equity or debt instruments of other
0 7,67,436
entities
Other cash payments to acquire equity or debt instruments of other
0 0
entities
Other cash receipts from sales of interests in joint ventures 0 0
Other cash payments to acquire interests in joint ventures 0 0
Cash receipts from share of profits of partnership firm or
0 0
association of persons or limited liability partnerships
Cash payment for investment in partnership firm or association of
0 0
persons or limited liability partnerships
Proceeds from sales of tangible assets 85,54,950 3,70,000
Purchase of tangible assets 4,35,65,722 3,26,07,664
Proceeds from sales of intangible assets 0 0
Purchase of intangible assets 0 0
55
Cash advances and loans made to other parties 0 0

Cash receipts from repayment of advances and loans made to other parties 0 0
Cash payments for future contracts, forward contracts, option
0 0
contracts and swap contracts
Cash receipts from future contracts, forward contracts, option
0 0
contracts and swap contracts
Dividends received 0 0
Interest received 5,19,835 3,23,56,693
Income taxes paid (refund) 0 0
Proceeds from government grants 0 0
Net cash flows from (used in) investing activities before extraordinary
-3,44,90,937 8,86,465
items
Net cash flows from (used in) investing activities -3,44,90,937 8,86,465
Cash flows from used in financing activities [Abstract]
Proceeds from issuing shares 0 0
Proceeds from issuing other equity instruments 0 0
Proceeds from issuing debentures notes bonds etc 0 0
Proceeds from borrowings 7,70,245 29,58,77,510
Repayments of borrowings 0 10,05,263
Dividends paid 0 0
Interest paid 7,01,74,167 7,90,40,276
Income taxes paid (refund) 0 0
Net cash flows from (used in) financing activities before extraordinary
-6,94,03,922 21,58,31,971
items
Net cash flows from (used in) financing activities -6,94,03,922 21,58,31,971
Net increase (decrease) in cash and cash equivalents before effect of
-3,31,865 -22,43,635
exchange rate changes
Effect of exchange rate changes on cash and cash equivalents [Abstract]
Effect of exchange rate changes on cash and cash equivalents 0 0
Net increase (decrease) in cash and cash equivalents -3,31,865 -22,43,635
Cash and cash equivalents cash flow statement at end of period 7,73,309 11,05,175 21,58,809.96
[200100] Notes - Share capital
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of shareholding more than five
per cent in
company [Abstract]
Disclosure of shareholding more than five
per cent
in company [LineItems]
Type of share EQUITY EQUITY EQUITY EQUITY
MANGLAM ALLOYS & MANGLAM ALLOYS &
SAMPURN IMPEX PVT SAMPURN IMPEX PVT
Name of shareholder LTD LTD
ISPAT PRIVATE ISPAT PRIVATE
LIMITED LIMITED
CIN of shareholder U51909CT1993PTC001661 U51909CT1993PTC001661 U51909CT2004PTC021978 U51909CT2004PTC021978
PAN of shareholder AAECS0363B AAECS0363B AAICS6022P AAICS6022P
Country of incorporation or residence
of INDIA INDIA INDIA INDIA
shareholder
Number of shares held in company [shares] 56,94,000 [shares] 56,94,000 [shares] 0 [shares] 0
Percentage of shareholding in company 37.25% 37.25% 0.00% 0.00%
56
Disclosure of shareholding more than five per cent in company [Table] ..(2)
Name of shareholder [Axis] Shareholder 3 [Member] Shareholder 4 [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share EQUITY EQUITY EQUITY EQUITY
BASANT
BASANT KUMAR KHYATI INFRACON KHYATI INFRACON
Name of shareholder KUMAR
AGRAWAL PRIVATE LIMITED PRIVATE LIMITED
AGRAWAL
CIN of shareholder U51109WB1995PTC072921 U51109WB1995PTC072921
PAN of shareholder ACIPA5940K ACIPA5940K AABCC3989L AABCC3989L
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
shareholder
Number of shares held in company [shares] 30,11,340 [shares] 30,11,340 [shares] 64,52,000 [shares] 64,52,000
Percentage of shareholding in company 19.70% 19.70% 42.21% 42.21%
57
Disclosure of classes of share capital [Table] ..(1)

Equity shares
Classes of share capital [Axis] Share capital [Member]
[Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 1,70,00,000 [shares] 1,70,00,000 [shares] 1,70,00,000
Value of shares authorised 17,00,00,000 17,00,00,000 17,00,00,000
Number of shares issued [shares] 1,52,86,240 [shares] 1,52,86,240 [shares] 1,52,86,240
Value of shares issued 15,28,62,400 15,28,62,400 15,28,62,400
Number of shares subscribed and fully paid [shares] 1,52,86,240 [shares] 1,52,86,240 [shares] 1,52,86,240
Value of shares subscribed and fully paid 15,28,62,400 15,28,62,400 15,28,62,400
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 1,52,86,240 [shares] 1,52,86,240 [shares] 1,52,86,240
Total value of shares subscribed 15,28,62,400 15,28,62,400 15,28,62,400
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 1,52,86,240 [shares] 1,52,86,240 [shares] 1,52,86,240
Value of shares called 15,28,62,400 15,28,62,400 15,28,62,400
Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0
Calls unpaid by officers 0 0 0
Total calls unpaid by directors and
0 0 0
officers
Calls unpaid by others 0 0 0
Total calls unpaid 0 0 0
Forfeited shares 0 0 0
Forfeited shares reissued 0 0 0
Value of shares paid-up 15,28,62,400 15,28,62,400 15,28,62,400
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0
Number of shares issued in private
placement arising out of conversion of
[shares] 0 [shares] 0 [shares] 0
debentures preference shares during
period
Number of shares issued in other private
placement
Number of shares issued as preferential
allotment arising out of conversion of
period
Number of shares issued as other
preferential allotment
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee
stock option plan
Number of other issue of shares
arising out of conversion of [shares] 0 [shares] 0 [shares] 0
securities
58
Total aggregate number of shares issued

during period
Decrease in number of shares during period
[Abstract]
Number of shares redeemed [shares] 0 [shares] 0
Number of shares bought back [shares] 0 [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during
period
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period [shares] 1,52,86,240 [shares] 1,52,86,240 [shares] 1,52,86,240 [shares] 1,52,86,240
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
Amount of rights issue during period 0 0 0
Amount of private placement issue
arising out of conversion of debentures 0 0 0
preference shares during period
Amount of other private placement issue
0 0 0
during period
Amount of preferential allotment issue
Amount of other preferential allotment
0 0 0
issue during period
Amount of issue allotted for
contracts without payment 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0
amalgamation during period
Amount of other issues during period 0 0 0
Amount of employee stock option plan
0 0 0
issued during period
Amount of other issue arising out of
conversion of securities during 0 0 0
period
Total aggregate amount of increase in
0 0 0
share capital during period
Decrease in share capital during period
[Abstract]
Decrease in amount of shares redeemed 0 0
Decrease in amount of shares bought back 0 0 0
Other decrease in amount of shares 0 0 0
Total decrease in share capital during
0 0 0
period
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 15,28,62,400 15,28,62,400 15,28,62,400 15,28,62,400
Rights preferences and restrictions attaching
0 0 0
to class of share capital
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 0 [shares] 0 [shares] 0
Shares in company held by ultimate holding
company
Shares in company held by subsidiaries of its
holding company
ultimate holding company
Shares in company held by associates of its
holding company
59
Total shares in company held by holding company

or ultimate holding company or by its [shares] 0 [shares] 0 [shares] 0
subsidiaries or associates
Shares reserved for issue under options
and contracts or commitments for sale of [shares] 0 [shares] 0 [shares] 0
shares or disinvestment
Amount of shares reserved for issue under options
and contracts or commitments for sale of shares or 0 0 0
disinvestment
Description of terms of shares reserved for issue
under options and contracts or commitments for 0 0 0
sale of shares or disinvestment
Aggregate number of fully paid-up shares issued
pursuant to contracts without payment being [shares] 0 [shares] 0 [shares] 0
received in cash during last five years
Aggregate number of fully paid-up shares
issued by way of bonus shares during last [shares] 0 [shares] 0 [shares] 0
five years
Aggregate number of shares bought back during
last five years
Original paid-up value of forfeited shares 0 0 0
Terms of securities convertible into
equity/preference shares issued along with
ATTACHED ATTACHED ATTACHED
earliest date of conversion in descending order
starting from farthest such date [TextBlock]
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Application money received for
allotment of securities and due for 0 0 0
refund, principal
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
Terms and conditions of shares pending allotment ATTACHED ATTACHED 0
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0
Description of whether company have
sufficient authorised capital to cover
True True True
proposed share capital amount resulting from
allotment
Over due period for which application
money is pending prior to allotment of 0 0 0
shares
Reason for over due period for which
application money is pending prior to 0 0 0
allotment of shares
Redemption of preference shares explanatory
ATTACHED ATTACHED
[TextBlock]
60

Classes of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Type of share equity equity
Number of shares issued [shares] 1,52,86,240 [shares] 56,94,000 [shares] 56,94,000
Value of shares issued 15,28,62,400 5,69,40,000 5,69,40,000
Number of shares subscribed and fully paid [shares] 1,52,86,240 [shares] 56,94,000 [shares] 56,94,000
Value of shares subscribed and fully paid 15,28,62,400 5,69,40,000 5,69,40,000
Total number of shares subscribed [shares] 1,52,86,240 [shares] 56,94,000 [shares] 56,94,000
Total value of shares subscribed 15,28,62,400 5,69,40,000 5,69,40,000
Number of shares paid-up [shares] 1,52,86,240 [shares] 56,94,000 [shares] 56,94,000
Value of shares called 15,28,62,400 5,69,40,000 5,69,40,000
[Abstract]
0 0 0
officers
Value of shares paid-up 15,28,62,400 5,69,40,000 5,69,40,000
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0 [INR/shares] 0
called
[Abstract]
[Abstract]
[Abstract]
period
placement
period
in cash
amalgamation
stock option plan
61

securities
during period
[Abstract]
period
shares outstanding
Number of shares outstanding at end of period [shares] 1,52,86,240 [shares] 1,52,86,240 [shares] 56,94,000 [shares] 56,94,000
[Abstract]
[Abstract]
0 0 0
during period
0 0 0
issue during period
0 0 0
0 0 0
period
0 0 0
[Abstract]
0 0 0
period
0 0 0
company
holding company
holding company
62

disinvestment
five years
last five years
refund, principal
Terms and conditions of shares pending allotment 0 0 0
True True True
allotment
shares
allotment of shares
63

Equity shares 1
[Member]
01/04/2017 01/04/2016
31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017
Type of share equity equity
Number of shares authorised [shares] 1,70,00,000 [shares] 1,70,00,000
Value of shares authorised 17,00,00,000 17,00,00,000
Number of shares issued [shares] 30,11,340 [shares] 30,11,340
Value of shares issued 3,01,13,400 3,01,13,400
Number of shares subscribed and fully paid [shares] 30,11,340 [shares] 30,11,340
Value of shares subscribed and fully paid 3,01,13,400 3,01,13,400
Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
Total number of shares subscribed [shares] 30,11,340 [shares] 30,11,340
Total value of shares subscribed 3,01,13,400 3,01,13,400
Number of shares paid-up [shares] 30,11,340 [shares] 30,11,340
Value of shares called 3,01,13,400 3,01,13,400
[Abstract]
Calls unpaid by directors 0 0
Calls unpaid by officers 0 0
0 0
officers
Calls unpaid by others 0 0
Total calls unpaid 0 0
Forfeited shares 0 0
Forfeited shares reissued 0 0
Value of shares paid-up 3,01,13,400 3,01,13,400
called
[Abstract]
[Abstract]
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0
[shares] 0 [shares] 0
period
placement
period
contracts without payment received [shares] 0 [shares] 0
in cash
amalgamation
Number of other issues of shares [shares] 0 [shares] 0
stock option plan
64

arising out of conversion of [shares] 0 [shares] 0
securities
during period
[Abstract]
Number of shares bought back [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0
period
shares outstanding
Number of shares outstanding at end of period [shares] 56,94,000 [shares] 30,11,340 [shares] 30,11,340 [shares] 30,11,340
[Abstract]
[Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
Amount of rights issue during period 0 0
arising out of conversion of debentures 0 0
0 0
during period
0 0
issue during period
contracts without payment 0 0
0 0
Amount of other issues during period 0 0
0 0
conversion of securities during 0 0
period
0 0
[Abstract]
Decrease in amount of shares bought back 0 0
Other decrease in amount of shares 0 0
0 0
period
Total increase (decrease) in share capital 0 0
0 0
Shares in company held by holding company [shares] 0 [shares] 0
company
holding company
holding company
65

or ultimate holding company or by its [shares] 0 [shares] 0
and contracts or commitments for sale of [shares] 0 [shares] 0
and contracts or commitments for sale of shares or 0 0
disinvestment
under options and contracts or commitments for 0 0
pursuant to contracts without payment being [shares] 0 [shares] 0
issued by way of bonus shares during last [shares] 0 [shares] 0
five years
last five years
Original paid-up value of forfeited shares 0 0
ATTACHED ATTACHED
allotment of securities and due for 0 0
refund, principal
allotment of securities and due for refund 0 0
Terms and conditions of shares pending allotment 0 0
Number of shares proposed to be issued [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0
True True
allotment
money is pending prior to allotment of 0 0
shares
application money is pending prior to 0 0
allotment of shares
66

Equity shares 4
[Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Type of share equity equity equity
Number of shares issued [shares] 64,52,000 [shares] 64,52,000 [shares] 1,28,900
Value of shares issued 6,45,20,000 6,45,20,000 12,89,000
Number of shares subscribed and fully paid [shares] 64,52,000 [shares] 64,52,000 [shares] 1,28,900
Value of shares subscribed and fully paid 6,45,20,000 6,45,20,000 12,89,000
Total number of shares subscribed [shares] 64,52,000 [shares] 64,52,000 [shares] 1,28,900
Total value of shares subscribed 6,45,20,000 6,45,20,000 12,89,000
Number of shares paid-up [shares] 64,52,000 [shares] 64,52,000 [shares] 1,28,900
Value of shares called 6,45,20,000 6,45,20,000 12,89,000
[Abstract]
0 0 0
officers
Value of shares paid-up 6,45,20,000 6,45,20,000 12,89,000
Par value per share [INR/shares] 10 [INR/shares] 10 [INR/shares] 10
[INR/shares] 0 [INR/shares] 0 [INR/shares] 0
called
[Abstract]
[Abstract]
[Abstract]
period
placement
period
in cash
amalgamation
stock option plan
67

securities
during period
[Abstract]
period
shares outstanding
Number of shares outstanding at end of period [shares] 64,52,000 [shares] 64,52,000 [shares] 64,52,000 [shares] 1,28,900
[Abstract]
[Abstract]
0 0 0
during period
0 0 0
issue during period
0 0 0
0 0 0
period
0 0 0
[Abstract]
0 0 0
period
Share capital at end of period 6,45,20,000 6,45,20,000 6,45,20,000 12,89,000
0 0 0
company
holding company
holding company
68

disinvestment
five years
last five years
refund, principal
True True True
allotment
shares
allotment of shares
69

Classes of share capital [Axis] Equity shares 4 [Member] Preference shares [Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Type of share equity
Number of shares authorised [shares] 1,70,00,000 [shares] 0 [shares] 0
Value of shares authorised 17,00,00,000 0 0
Number of shares issued [shares] 1,28,900 [shares] 0 [shares] 0
Value of shares issued 12,89,000 0 0
Number of shares subscribed and fully paid [shares] 1,28,900 [shares] 0 [shares] 0
Value of shares subscribed and fully paid 12,89,000 0 0
Total number of shares subscribed [shares] 1,28,900 [shares] 0 [shares] 0
Total value of shares subscribed 12,89,000 0 0
Number of shares paid-up [shares] 1,28,900 [shares] 0 [shares] 0
Value of shares called 12,89,000 0 0
[Abstract]
0 0 0
officers
Value of shares paid-up 12,89,000 0 0
Par value per share [INR/shares] 10
[INR/shares] 0
called
[Abstract]
[Abstract]
[Abstract]
Number of shares issued as rights [shares] 0
period
placement
period
in cash
amalgamation
stock option plan
70

securities
during period
[Abstract]
period
shares outstanding
Number of shares outstanding at end of period [shares] 1,28,900 [shares] 1,28,900 [shares] 0 [shares] 0
[Abstract]
[Abstract]
Amount of rights issue during period 0
0 0 0
during period
0 0 0
issue during period
0 0 0
0 0 0
period
0 0 0
[Abstract]
0 0 0
period
Share capital at end of period 12,89,000 12,89,000 0 0
0 0 0
company
holding company
holding company
71

disinvestment
five years
last five years
refund, principal
True True True
allotment
shares
allotment of shares
72

Preference shares
Classes of share capital [Axis] Preference shares 1 [Member]
[Member]
01/04/2017 01/04/2016
31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017
Type of share preference preference
Number of shares authorised [shares] 0 [shares] 0
Value of shares authorised 0 0
Number of shares issued [shares] 0 [shares] 0
Value of shares issued 0 0
Number of shares subscribed and fully paid [shares] 0 [shares] 0
Value of shares subscribed and fully paid 0 0
Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
Total number of shares subscribed [shares] 0 [shares] 0
Total value of shares subscribed 0 0
Number of shares paid-up [shares] 0 [shares] 0
Value of shares called 0 0
[Abstract]
Calls unpaid by directors 0 0
Calls unpaid by officers 0 0
0 0
officers
Calls unpaid by others 0 0
Total calls unpaid 0 0
Forfeited shares 0 0
Forfeited shares reissued 0 0
Value of shares paid-up 0 0
called
[Abstract]
[Abstract]
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0
period
placement
period
contracts without payment received [shares] 0 [shares] 0
in cash
amalgamation
Number of other issues of shares [shares] 0 [shares] 0
stock option plan
73

arising out of conversion of [shares] 0 [shares] 0
securities
during period
[Abstract]
Number of shares bought back [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0
period
shares outstanding
Number of shares outstanding at end of period [shares] 0 [shares] 0 [shares] 0 [shares] 0
[Abstract]
[Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
0 0
during period
0 0
issue during period
contracts without payment 0 0
0 0
Amount of other issues during period 0 0
0 0
conversion of securities during 0 0
period
0 0
[Abstract]
Decrease in amount of shares bought back 0 0
Other decrease in amount of shares 0 0
0 0
period
Total increase (decrease) in share capital 0 0
Share capital at end of period 0 0 0 0
0 0
Shares in company held by holding company [shares] 0 [shares] 0
company
holding company
holding company
74

or ultimate holding company or by its [shares] 0 [shares] 0
and contracts or commitments for sale of [shares] 0 [shares] 0
and contracts or commitments for sale of shares or 0 0
disinvestment
under options and contracts or commitments for 0 0
pursuant to contracts without payment being [shares] 0 [shares] 0
issued by way of bonus shares during last [shares] 0 [shares] 0
five years
last five years
Original paid-up value of forfeited shares 0 0
ATTACHED ATTACHED
refund, principal
allotment of securities and due for refund 0 0
Terms and conditions of shares pending allotment 0 0
Number of shares proposed to be issued [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0
True True
allotment
money is pending prior to allotment of 0 0
shares
application money is pending prior to 0 0
allotment of shares
75

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Textual information (4) Textual information (5)
Disclosure of notes on share capital explanatory [TextBlock] [See below] [See below]
ATTACHED
Redemption of preference shares explanatory [TextBlock] ATTACHED
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Number of persons on private placement of equity share [pure] 0 [pure] 0
Nature of security on private placement of equity share 0 0
Number of persons on private placement of preference share [pure] 0 [pure] 0
Nature of security on private placement of preference share 0 0
Number of shareholders of company [pure] 4 [pure] 7
Number of allottees in case of preferential allotment [pure] 0 [pure] 0
Whether reduction in capital done during year No No
Amount of reduction in capital during year 0 0
Percentage of capital reduction to capital prior to reduction 0.00% 0.00%
Whether money raised from public offering during year No No
Amount raised from public offering during year 0 0
Amount utilised towards specified purposes for public offering 0 0
Amount remaining unutilised received in respect of public offering 0 0
Details of outstanding unutilised amounts received in respect of public
0 0
offering
76
Disclosure of notes on share capital explanatory [Text Block]
KHYATI
ISPAT
PRIVATE
LIMITED
Notes to
Financial
Statements
for the
year ended
31st March
2018
1. Corporate Information:
Khyati Ispat Private Limited (the company) is a Private Company

domiciled in India and incorporated and domiciled in India. The
-
company is engaged in manufacturing and selling of Re-Rolled
Products.
2. Basis of preparation of financial statements:
The Financial Statement are prepared under the historical cost

convention in accordance with the applicable accounting
-
standards specified under section 133 of the Companies Act,
2013 read with Rule 7 of the Companies (Accounts) Rules, 2014.
The Company follows mercantile system of accounting and

recognizes income and expenditure on an accrual basis. In case
-
where determination / establishment of amount is not possible or
the amount involved is negligible, accrual concept is ignored.
The accounting policies have been consistently applied by the

- company and are consistent with those used in the previous
year.
2.1 Summary of significant accounting policies
77
a. Use of Estimates
The preparation of financial statements in conformity with

generally accepted accounting principles requires management
to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent
liabilities as on the date of the financial statements and the
- results of operations during the reporting period. Although these
estimates are based upon management’s best knowledge of
current events and actions, actual results could differ from these
estimates. Difference between the actual results and estimates
are recognised in the period in which the results are
known/materialised.
b. Presentation and disclosures of financial statements:
All assets and liabilities have been classified as current or

non-current as per the company's normal operating cycle and
other criteria set out in the schedule III to the companies Act,
2013. Based on the nature of products and the time between the
-
acquisition of assets for processing and their realisation in cash
and cash equivalents, the company has ascertained its operating
cycle as 12 months for the purpose of current , non-current
classification of assets and liabilities.
c. Revenue Recognition:
Revenue is recognised to the extent it is probabale that the

- economic benefit will flow to the company and the revenue can
be reliably measured.
(i) Sale of Product:
Revenue in respect of sale of product is recognised when the

significant risks and rewards of ownership of the goods is passed
to the buyer. Excise duty deducted from turnover (gross) are the
-
amount that is included in the amount of turnover(gross) and not
the entire amount of liability arised during the year. Sale is net of
trade discounts and State VAT.
(ii) Interest:
Interest income is recognised on time proportion basis taking into

-
account amount outstanding and rate applicable.
78
d. Property, Plant and Equipment:
PPE is stated at cost of acquisition less accumulated

depreciation and impairment losses if any. Cost comprises the
Purchases price inclusive of duties (Net of Cenvat and
-
VAT),Taxes ,incidental expenses ,erection/commissioning
expenses ,interest ,if eligible etc.upto the date the asset is put to
use.
The expenditure incurred during the construction stage and also

upto the date of commercial production for setting up the relevant
- project/plant are grouped under the head "Capital
Work-in-progress and allocated to related assets on pro-rata
basis.
Profit or Loss on disposal of fixed assets is recognised in the

-
statement of Profit and Loss.
e. Depreciation on Property,Plant and Equipment:
Depreciation on PPE is provided on written down value method

-
over the useful life of the assets estimated by the management.
Depreciation on assets added/ disposed off during the year has

- been provided on Pro-rata basis with reference to the date of
addition/disposal.
Leasehold Land and site development expenditures are not

-
amortised.
The management estimates the useful lives for the other tangible
-
assets as follows:
Factory Shed & 40

Buildings years
For these class of assets, based on internal assessment and

technical evaluation , the management believes that the useful
lives as given above best represent the period over which
79
management expects to use these assets. Hence the useful lives

for these assets is different from the useful lives as prescribed
under Part C of ScheduleII of the Companies Act 2013.
Depreciation and amortization methods, useful lives and residual

values are reviewed periodically, including at each financial year
end.
f. Investments:
Investments, which are readily realizable and intended to be held

for not more than one year from the date on which such
-
investments are made, are classified as current investment. All
other investments are classified as long-term investments.
Long term Investments are stated at cost. Provision for

diminution in the value of long term investments will be made
only if such a decline is other than temporary in the opinion of the
management.
Current Investments are carried in the financial statements at

lower of cost and fair value determined on an individual
investment basis.
g. Inventories:
-- At COST and Net

Realizable value,
whichever is lower.
- Raw Materials, components and stores and spares
-- Cost is
determined on First
in First out ( FIFO)
basis.
At cost and Net

- Work in progress : Realizable value,
whichever is lower.
-- At cost and Net

Realizable value,
whichever is lower.
-- Cost of finished
goods includes
80
direct materials and

labour and a
proportion of
manufacturing
overheads based on
normal production
capacity. Cost of
- Finished goods & Traded goods
81
finished goods
includes excise
duty.
At Net Realizable
- By-Product & Waste
value.
Net realizable value is the estimated selling price in the ordinary

course of business, less estimated costs of completion and
estimated costs necessary to make the sale.
h. Retirement and other employee benefits :
Defined Contribution Plans :
Retirement benefits in the form of provident fund, family pension

fund & Employee State Insurance which are defined contribution
scheme are charged to the Statement of profit and loss for the
- year when the contributions to the respective funds due. Both the
employee and the company make monthly contributions to the
respective fund equal to a specified percentage of the covered
employee's salary.
There are no other obligations other than the contribution

-
payable to the respective funds.
Defined Benefit Plans :
Company's contribution to Provident Fund is charged to

statement of Profit and Loss. Provision for gratuity liability are
-
valued and accounted for on accrual basis as per the Payment of
Gratuity Act,1972.
i. Provisions, Contingent Liabilities & Contingent Assets :
Provisions are recognised, where the company has any legal or

constructive obligation or where realiable estimate can be made
for the amount of the obligation and as a result of past events, for
- which it is probable that an outflow of economic benefits will be
required to settle the obligation at the balance sheet date. These
are reviewed at each balance sheet date and adjusted to reflect
the current best estimates.
82
j. Borrowing cost:
Interest and other costs in connection with the borrowing of the

funds to the extent related/attributed to the
acquisition/construction of fixed assets are capitalized only with
-
respect to qualifying fixed assets i.e. those which take substantial
period of time to get ready for its intended use. All other
borrowing costs are charged to revenue.
k. Taxes on Income
Current Taxes are accounted based on provisions of Income Tax

(a)
Act,1961.
Deferred Tax resulting from "timing difference" between book and

taxable profit is accounted for using the tax rates and laws that
have been enacted or substantially enacted as on the Balance
(b)
Sheet date. The deferred tax assets is recognized and carry
forward only to the extent that these is a virtual certainty that
assets will be realized in future.
l. Earning per share:
Basic earnings per share are calculated by dividing the net profit
or loss for the period attributable to equity shareholders by
weighted average number of equity shares outstanding during
-
the period. The weighted average number of equity shares
outstanding during the period are adjusted for events of bonus
issue; bonus element in a right issue to existing shareholders.
For the purpose of calculating diluted earnings per share, the net
profit or loss for the year attributable to equity shareholders and
the weighted average number of shares outstanding during the
year are adjusted for the effects of all dilutive potential equity
shares.
m. Cash and Cash Equivalents:
Cash and cash equivalents in the cash flow statements comprise

cash at bank and in hand and short term investments with an
original maturity of three months or less.
n. Cash Flow Statement:
83
Cash Flow Statement are reported using Indirect Method. The

cash flows from operating, investing and financing activities of
the Company are segregated based on available information
including taxes paid relating to these activies.
o. Impairment of Property, Plant and Equipment (PPE):
In accordance with the Accounting Standard (As-28) on

Impairment of Assets issued by the Institute of Chartered
Accountants of India, the Company during the year carried out an
exercise of identifying the assets that may have been impaired in
respect of each cash generating unit in accordance with the said
Accounting Standard.The Company has not identified any Fixed
Assets to be materialy impaired mainly on account of economic
performance and alternative viability of such assets and
accordingly no amount has been charged as impairment loss to
the Profit & Loss Statement at the year end.
KHYATI ISPAT
PRIVATE
LIMITED
Notes to financial
statements for the
year ended 31st
March, 2018
2018 2017
Rs. Rs.
3. Share capital
Authorised
17000000 Equity
Shares of Rs. 10/- 170,000,000 170,000,000
each
170,000,000 170,000,000
84
Issued,Subscribed
and fully paid-up
15286240 Equity
Shares of Rs. 10/- 152,862,400 152,862,400
each fully paid up
Reconciliation of
the shares
outstanding at the
a.
beginning and at
the end of the
reporting period
Equity shares
2018 2017
No. Rs. No. Rs.
At the beginning
15,286,240 152,862,400 15,286,240 152,862,400
of the period
Issue during the

- - - -
period
Outstanding at the
15,286,240 152,862,400 15,286,240 152,862,400
end of the period
Terms/rights
b. attached to equity
shares
The company has

only one class of
equity shares
having a par value
of Rs.10/- per
share. Each
holder of equity
85
shares is entitled
to one vote per
share.
In the event of
liquidation of the
company, the
holders of the
equity shares will
be entitled to
receive remaining
assets of the
company, after
distribtion of all
preferential
amounts. The
distribution will be
in proportion to
the number of
equity shares held
by the
shareholders.
Details of
shareholders
c. holding more than
5% shares in the
company:
2018 2017
% of holding % of holding
No. No.
in the class in the class
Equity shares of
Rs. 10 each fully
paid
Sampurna Impex
5,694,000 37.25% 5,694,000 37.25%
Private Limited
Basant Kumar
3,011,340 19.70% 3,011,340 19.70%
Agrawal
Khyati Infracon
6,452,000 42.21% 6,452,000 42.21%
Private Limited
15,157,340 99.16% 15,157,340 99.16%
86
87
Disclosure of notes on share capital explanatory [Text Block]
KHYATI ISPAT
PRIVATE
LIMITED
Notes to financial
statements for the
year ended 31st
March, 2017
2017 2016
r r
3. Share capital
Authorised
17000000 Equity
Shares of Rs.
170,000,000 170,000,000
10/- each
170,000,000 170,000,000
Issued,Subscribed
and fully paid-up
15286240 Equity
Shares of Rs. 10/-
152,862,400 152,862,400
each fully paid up
Reconciliation of
the shares
outstanding at the
a.
beginning and at
the end of the
reporting period
Equity shares
2017 2016
No. r No. r
At the beginning
of the period 15,286,240 152,862,400 15,286,240 152,862,400
Issue during the - - - -

period
Outstanding at the
end of the period 15,286,240 152,862,400 15,286,240 152,862,400
Terms/rights
88
b. attached to equity
shares
The company has

only one class of
equity shares
having a par value
of Rs.10/- per
share. Each
holder of equity
shares is entitled
to one vote per
share.
In the event of
liquidation of the
company, the
holders of the
equity shares will
be entitled to
receive remaining
assets of the
company, after
distribtion of all
preferential
amounts. The
distribution will be
in proportion to
the number of
equity shares held
by the
shareholders.
Details of
shareholders
c. holding more than
5% shares in the
company:
2017 2016
% of holding % of holding
No. No.
in the class in the class
Equity shares of
Rs. 10 each fully
paid
Sampurna Impex
37.25% 37.25%
Private Limited 5,694,000 5,694,000
Basant Kumar
19.70% 19.70%
Agrawal 3,011,340 3,011,340
Khyati Infracon
42.21% 42.21%
Private Limited 6,452,000 6,452,000
15,157,340 99.16% 99.16%

15,157,340
89
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Securities premium
Components of reserves [Axis] Reserves [Member]
account [Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 5,51,34,490 4,30,85,114 0
Other additions to reserves 0 0 0
Total additions to reserves 5,51,34,490 4,30,85,114 0
Deductions to reserves [Abstract]
Securities premium adjusted bonus shares 0 0 0
Securities premium adjusted writing off
0 0 0
preliminary expenses
discount expenses issue shares 0 0 0
debentures
Securities premium adjusted premium
payable redemption preference shares 0 0 0
debentures
Securities premium adjusted purchase
own shares other securities under 0 0 0
section 68
Other utilisation of securities premium if
0 0 0
permitted
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 0 0
Interim preferred dividend
0 0
appropriation
Interim special dividend appropriation 0 0
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0
Final preferred dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Dividend tax appropriation [Abstract]
Equity dividend tax appropriation 0 0
Preferred dividend tax appropriation 0 0
Total dividend tax appropriation 0 0
Other appropriations 0 0 0
Transfer to general reserve 0 0 0
Total appropriations for dividend,
0 0 0
dividend tax and general reserve
Appropriation towards bonus shares 0 0 0
Total changes in reserves 5,51,34,490 4,30,85,114 0
Reserves at end of period 68,87,60,697 63,36,26,207 59,05,41,094 21,21,04,600
Description of nature and purpose of other
0 0 0
reserves/funds
Venturer's share of post-acquisition reserves
0 0 0
of jointly controlled enterprise
90
Disclosure of details of transfer to

capital redemption reserve on account 0 0 0
of company purchases of own shares

Components of reserves [Axis] Securities premium account [Member] Surplus [Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 0 5,51,34,490 4,30,85,114
Other additions to reserves 0 0 0
Total additions to reserves 0 5,51,34,490 4,30,85,114
Deductions to reserves [Abstract]
Securities premium adjusted bonus shares 0
0
preliminary expenses
discount expenses issue shares 0
debentures
Securities premium adjusted premium
payable redemption preference shares 0
debentures
Securities premium adjusted purchase
own shares other securities under 0
section 68
Other utilisation of securities premium if
0 0 0
permitted
Other deductions to reserves 0 0 0
Total deductions to reserves 0 0 0
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 0 0
Interim preferred dividend
0 0
appropriation
Interim special dividend appropriation 0 0
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0
Final preferred dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Dividend tax appropriation [Abstract]
Equity dividend tax appropriation 0 0
Preferred dividend tax appropriation 0 0
Total dividend tax appropriation 0 0
Other appropriations 0 0 0
Transfer to general reserve 0 0 0
Total appropriations for dividend,
0 0 0
dividend tax and general reserve
Appropriation towards bonus shares 0 0 0
Total changes in reserves 0 5,51,34,490 4,30,85,114
Reserves at end of period 21,21,04,600 21,21,04,600 47,66,56,097 42,15,21,607
Description of nature and purpose of other
0 0 0
reserves/funds
Venturer's share of post-acquisition reserves
0 0 0
of jointly controlled enterprise
Disclosure of details of transfer to
capital redemption reserve on account 0 0 0
of company purchases of own shares
91

Components of reserves [Axis] Surplus [Member]
31/03/2016
Reserves at end of period 37,84,36,494

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on reserves explanatory [TextBlock] [See below] [See below]
Aggregate amount set aside or proposed to be set aside, to reserve 0 0
Aggregate amounts withdrawn from such reserves set aside 0 0
Share reserves joint ventures 0 0
92
Disclosure of notes on reserves explanatory [Text Block]
KHYATI ISPAT PRIVATE

LIMITED
Notes to financial statements for

the year ended 31st March, 2018
2018 2017
Rs. Rs.
4. Reserves and Surplus
Securities Premium
Balance as per last financial

212,104,600 212,104,600
statements
Add: Addition During the Year - -
Closing Balance 212,104,600 212,104,600
Surplus/(deficit) in the statement

of profit and loss
Balance as per last financial

421,521,607 378,436,494
statements
Profit for the year 55,134,490 43,085,113
Net surplus/(deficit) in the

476,656,097 421,521,607
statement of profit and loss
93
Total reserves and surplus 688,760,697 633,626,207
5. Defferred Tax Liability (Net) 2018 2017
Deffered Tax Laibilities Rs. Rs.
Opening Deffered Tax Laibility 19,561,701 19,965,986
PPE: Impact of differences

(5,107,628) 1,085,247
between tax depreciation
depreciation charged for the

financial reportings
Total deferred tax liability 14,454,073 21,051,233
Deffered Tax Assets
Provision for Gratuity 116,263 1,489,532
Total deferred tax assets 116,263 1,489,532
Net deferred tax liability /(Asset) 14,337,810 19,561,701
6. Provisions Long-term Short-term
2018 2017 2018 2017
Rs. Rs. Rs. Rs.
Provision for Income Tax - - 4,640,751 -
Provision for Excise Duty - - - 15,887,310
94
Provision for Gratuity 4,721,942 4,505,132 - -
4,721,942 4,505,132 4,640,751 15,887,310
KHYATI ISPAT PRIVATE

LIMITED
Notes to financial statements for

the year ended 31st March, 2018
7. Short-term borrowings 2018 2017
Rs. Rs.
Cash Credit from banks

737,515,584 736,745,339
(secured)
737,515,584 736,745,339
The above amount includes
Secured borrowings 737,515,584 736,745,339
Unsecured borrowings - -
a) Cash credit from UCO

Bank(Consurtium leader) is
secured against 1st Pari Passu
charge of the whole of the
current assets of the unit
including hypothecation of stores,
stock of Raw Material, stock in
progress, finished goods,
consumable stores whether lying
in the factory premises
whereever lying in india &
hypothecation of book debts
present as well as future. The
cash credit is repayable of
demand and carries interest @
95
Base Rate + 2.20% (monthly

rests) i.e. at present 10.45% p.a.
floating.
b) Cash credit from Bank of

Baroda is secured against Pari
Passu charge of the whole of the
current assets of the unit
including hypothecation of stores,
stock of Raw Material, stock in
progress, finished goods,
consumable stores whether lying
in the factory premises
whereever lying in india &
hypothecation of book debts
present as well as future. The
cash credit is repayable of
demand and carries interest @
Base Rate + 2.20% i.e. 10.45%
p.a. with monthly rests.
c) The above credit facilites are

also secured by personal
guarantee of both the Directors
and their relatives.
8. Trade payables 2018 2017
Rs. Rs.
Trade payables (refer note for

details of dues for micro and 83,013,862 27,711,520
small enterprises)
83,013,862 27,711,520
9. Other Current Liabilities 2018 2017 2018 2017
Rs. Rs. Rs. Rs.
Other liabilities
Current Maturities on Long term
96
Borrowings - - - 1,002,443
Laibilities for capital goods 1,190,000 1,190,000 - -
Advance from customers - - 12,048,652 12,495,320
Statutory Dues Payable - - 1,530,458 564,361
Employees credit balances - - 3,694,975 37,568
Others - - 3,158,518 2,898,780
1,190,000 1,190,000 20,432,603 16,998,472
97
Disclosure of notes on reserves explanatory [Text Block]
KHYATI ISPAT
PRIVATE LIMITED
Notes to financial
statements for the
year ended 31st
March, 2017
2017 2016
r r
4. Reserves and Surplus
Securities Premium
Balance as per last

financial statements 212,104,600 212,104,600
Add: Addition During

the Year - -
Closing Balance
212,104,600 212,104,600
Surplus/(deficit) in the
statement of profit and
loss
Balance as per last

financial statements 378,436,494 326,826,972
Profit for the year

43,085,114 51,609,521
Net surplus/(deficit) in
the statement of profit
421,521,608 378,436,494
and loss
Total reserves and

surplus 633,626,208 590,541,094
Bitmap Bitmap
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Current
5. Long-term borrowings Non-Current
maturities
maturities
Bitmap
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98
Bitmap
Bitmap
Bitmap
Bitmap
Bitmap
2017 2016 2017 2016
99
Bitmap
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Bitmap Bitmap
Bitmap Bitmap
Bitmap Bitmap
Bitmap Bitmap
Bitmap Bitmap
r r r
Bitmap Bitmap
Bitmap Bitmap
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Bitmap
r
Other loans and

advances
From financial -
institution (secured) 1,005,263 1,002,443 1,575,421
-
1,005,263 1,002,443 1,575,421
The above amount

includes
Secured borrowings
Amount disclosed
under the head
"other current -
liabilities" (note 10) - (1,002,443) (1,575,421)
-
Net amount
1,005,263 - -
The Other loans and

advances carries
interest @ 9.359%
p.a. The loan is
repayable in 36
monthly installments
of Rs.1,56,090 each
upto Dec 2016 and
Rs.116090 along with
interest upto
December 2017 and
the repayments starts
from Februrary 2015.
During the year the
entire outstanding
loan will be squared
off, therefore the loan
has been transfered
from Long Term
Borrowings to Other
Current Liabilities.
100
Other loans &

advances from
financial institution
have been secured by
hypothecation of
vehicle
( Maturity
Profile of
other Loans
and
Advances (
` in Lacs)
0-1 Year 1-2 Years
Other loans and

10.02 -
advances
Bitmap
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Defferred Tax Bitmap
6. 2017 Bitmap 2016
Liability (Net)
Bitmap
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Deffered Tax
r r
Laibilities
Opening Deffered Tax

19,965,986 12,626,833
Laibility
PPE: Impact of
differences between
1,085,247 7,339,153
tax depreciation
depreciation charged
for the financial
reportings
Total deferred tax

liability 21,051,233 19,965,986
Deffered Tax Assets
Provision for Gratuity

1,489,532 -
Total deferred tax

assets 1,489,532 -
101
Net deferred tax

liability /(Asset) 19,561,701 19,965,986
7. Provisions Long-term Short-term
2017 2016 2017 2016
r r r r
Provision for Income -

Tax - - 18,000,000
Provision for Excise -

Duty - 15,887,310 18,122,879
Provision for Gratuity

4,505,132 - - -
4,505,132 - 15,887,310 36,122,879
KHYATI ISPAT
PRIVATE LIMITED
Notes to financial
statements for the
year ended 31st
March, 2017
8. Short-term borrowings 2017 2016
r r
Cash Credit from

banks (secured) 736,745,339 440,867,829
736,745,339 440,867,829
The above amount

includes
Secured borrowings
736,745,339 440,867,829
Unsecured
borrowings - -
a) Cash credit from

UCO
Bank(Consurtium
leader) is secured
against 1st Pari Passu
charge of the whole of
the current assets of
the unit including
hypothecation of
stores ,stock of Raw
Material,stock in
102
progress,finished
goods, consumable
stores whether lying in
the factory premises
whereever lying in
india & hypothecation
of book debts present
as well as future. The
cash credit is
repayable of demand
and carries interest @
Base Rate + 2.20%
103
(monthly rests) i.e. at

present 10.45% p.a.
floating.
b) Cash credit from

Bank of Baroda is
secured against Pari
Passu charge of the
whole of the current
assets of the unit
including
hypothecation of
stores ,stock of Raw
Material,stock in
progress,finished
goods, consumable
stores whether lying in
the factory premises
whereever lying in
india & hypothecation
of book debts present
as well as future. The
cash credit is
repayable of demand
and carries interest @
Base Rate + 2.20%
i.e. 10.45% p.a. with
monthly rests.
c) Overdraft facility
from SBI is secured
against deposits.
d) The above credit

facilites are also
secured by personal
guarantee of both the
Directors and their
relatives.
9. Trade payables 2017 2016
r r
Trade payables (refer

note for details of
dues for micro and 27,711,520 30,643,135
small enterprises)
27,711,520 30,643,135
Other Current
10. 2017 2016 2017 2016
Liabilities
r r r r
Other liabilities
Current Maturities on -
Long term Borrowings - 1,002,443 1,575,421
Laibilities for capital
104
goods 1,190,000 - - -
Advance from -
customers - 12,495,320 42,365,232
Statutory Dues -
Payable - 564,361 418,998
Employees credit -
balances - 37,568 -
-
Others
- 2,898,780 7,201,313
1,190,000 - 16,998,472 51,560,964
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Short-term [Member]
Working capital loans from banks
Classification of borrowings [Axis] Borrowings [Member]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 73,75,15,584 73,67,45,339 73,75,15,584 73,67,45,339
Nature of security [Abstract]
Nature of security COLLATERAL COLLATERAL COLLATERAL COLLATERAL
Details of personal security given by
promoters, other shareholders or other
third parties, though such security does ATTACHED ATTACHED ATTACHED
not result in classification of borrowings
as secured
Details on loans guaranteed [Abstract]
Aggregate amount of loans guaranteed by
0 0 0 0
directors
Aggregate amount of loans guaranteed by
0 0 0 0
others
Terms of repayment of term loans and other loans ATTACHED
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default
0 0
principal
Outstanding amount of continuing default
0 0 0 0
interest

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on borrowings explanatory [TextBlock] ATTACHED ATTACHED
Share long-term borrowings joint ventures 0 0
Share short-term borrowings joint ventures 0 0
105
[201000] Notes - Tangible assets
Disclosure of tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 5,60,53,275 2,14,82,428 5,60,53,275 2,14,82,428
assets
Acquisitions through
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets -4,17,01,745 -3,74,57,822
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0 0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
0 0 0 0
through demergers
Disposals tangible assets,
1,30,33,701 3,10,022 2,47,91,057 17,02,153
others
Total disposals tangible
1,30,33,701 3,10,022 2,47,91,057 17,02,153
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
tangible assets
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
13,17,829 -1,62,85,416 3,12,62,218 1,97,80,275
assets
Tangible assets at end of period 20,04,09,797 19,90,91,968 21,53,77,384 83,08,92,386 79,96,30,167 77,98,49,892
106

Sub classes of tangible assets [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
business combinations tangible 5,60,53,275 2,14,82,428
assets
business combinations 0 0
tangible assets
Depreciation tangible assets 4,17,01,745 3,74,57,822 -4,17,01,745 -3,74,57,822
Impairment loss
recognised in profit or 0 0 0 0
recognised in profit or loss 0 0 0 0
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
1,17,57,356 13,92,131 1,30,33,701 3,10,022
others
1,17,57,356 13,92,131 1,30,33,701 3,10,022
assets
assets [Abstract]
net exchange differences 0 0
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
2,99,44,389 3,60,65,691 13,17,829 -1,62,85,416
assets
107

Sub classes of tangible assets [Axis] Owned assets [Member]
Gross carrying amount [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 4,17,01,745 3,74,57,822
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
2,47,91,057 17,02,153 1,17,57,356 13,92,131
others
2,47,91,057 17,02,153 1,17,57,356 13,92,131
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
3,12,62,218 1,97,80,275 2,99,44,389 3,60,65,691
assets
108

Classes of tangible assets [Axis] Land [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
business combinations tangible 0 0 0 0
assets
tangible assets
Depreciation tangible assets 0 0
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 0 0 0
assets
Tangible assets at end of period 40,59,540 40,59,540 40,59,540 40,59,540 40,59,540 40,59,540
109

Classes of tangible assets [Axis] Land [Member] Buildings [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
business combinations tangible 15,49,320 19,29,019
assets
tangible assets
Depreciation tangible assets 0 0 -36,74,270 -42,94,080
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 0 -21,24,950 -23,65,061
assets
Tangible assets at end of period 0 0 0 3,35,01,083 3,56,26,033 3,79,91,094
110

Classes of tangible assets [Axis] Buildings [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 36,74,270 42,94,080
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
15,49,320 19,29,019 36,74,270 42,94,080
assets
111

Classes of tangible assets [Axis] Factory building [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
business combinations tangible 15,49,320 19,29,019 15,49,320 19,29,019
assets
tangible assets
Depreciation tangible assets -36,74,270 -42,94,080
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-21,24,950 -23,65,061 15,49,320 19,29,019
assets
112

Classes of tangible assets [Axis] Factory building [Member] Plant and equipment [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 36,74,270 42,94,080 -3,50,13,191 -3,09,55,306
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 1,26,47,645 0
others
0 0 1,26,47,645 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
36,74,270 42,94,080 33,91,524 -1,58,22,630
assets
113

Classes of tangible assets [Axis] Plant and equipment [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
2,28,51,630 0 1,02,03,985 0
others
2,28,51,630 0 1,02,03,985 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
2,82,00,730 1,51,32,676 2,48,09,206 3,09,55,306
assets
114

Classes of tangible assets [Axis] Factory equipments [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
business combinations tangible 0 85,000 0 85,000
assets
tangible assets
Depreciation tangible assets -62,199 -3,29,971
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-62,199 -2,44,971 0 85,000
assets
115

Classes of tangible assets [Axis] Factory equipments [Member] Other plant and equipment [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 62,199 3,29,971 -3,49,50,992 -3,06,25,335
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 1,26,47,645 0
others
0 0 1,26,47,645 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
62,199 3,29,971 34,53,723 -1,55,77,659
assets
Tangible assets at end of period 45,72,369 45,10,170 41,80,199 15,41,19,084 15,06,65,361 16,62,43,020
116

Classes of tangible assets [Axis] Other plant and equipment [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
2,28,51,630 0 1,02,03,985 0
others
2,28,51,630 0 1,02,03,985 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
2,82,00,730 1,50,47,676 2,47,47,007 3,06,25,335
assets
117

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-3,67,922 15,65,932 1,07,171 16,87,475
assets
118

Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 4,75,093 1,21,543 -19,95,701 -18,63,593
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 3,86,056 3,10,022
others
0 0 3,86,056 3,10,022
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
4,75,093 1,21,543 -2,49,010 1,45,061
assets
119

Classes of tangible assets [Axis] Vehicles [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
19,39,427 17,02,153 15,53,371 13,92,131
others
19,39,427 17,02,153 15,53,371 13,92,131
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
1,93,320 6,16,523 4,42,330 4,71,462
assets
120

Classes of tangible assets [Axis] Motor vehicles [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
3,86,056 3,10,022 19,39,427 17,02,153
others
3,86,056 3,10,022 19,39,427 17,02,153
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-2,49,010 1,45,061 1,93,320 6,16,523
assets
Tangible assets at end of period 58,20,083 60,69,093 59,24,032 2,58,00,607 2,56,07,287 2,49,90,764
121

Classes of tangible assets [Axis] Motor vehicles [Member] Office equipment [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 19,95,701 18,63,593 -3,86,030 -1,64,473
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
15,53,371 13,92,131 0 0
others
15,53,371 13,92,131 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
4,42,330 4,71,462 6,57,775 92,831
assets
Tangible assets at end of period 1,99,80,524 1,95,38,194 1,90,66,732 9,45,589 2,87,814 1,94,983
122

Classes of tangible assets [Axis] Office equipment [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
10,43,805 2,57,304 3,86,030 1,64,473
assets
123

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets -1,57,460 -58,827
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
10,412 98,451 1,67,872 1,57,278
assets
124

Classes of tangible assets [Axis] Computer equipments [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
01/04/2017 01/04/2016
to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of tangible assets [LineItems]
Reconciliation of changes in tangible assets [Abstract]
Changes in tangible assets [Abstract]
Depreciation tangible assets 1,57,460 58,827
Impairment loss recognised in profit or loss tangible assets 0 0
Reversal of impairment loss recognised in profit or loss
0 0
tangible assets
Disposals tangible assets [Abstract]
Disposals tangible assets through demergers 0 0
Disposals tangible assets, others 0 0
Total disposals tangible assets 0 0
Other adjustments tangible assets [Abstract]
Other adjustments tangible assets, others 0 0
Total other adjustments tangible assets 0 0
Total changes in tangible assets 1,57,460 58,827
Tangible assets at end of period 17,19,696 15,62,236 15,03,409
125
Disclosure of additional information tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member] Land [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of additional information tangible assets
[Abstract]
Disclosure of additional information tangible assets
[LineItems]
Depreciation method tangible assets AS PER LAW AS PER LAW AS PER LAW AS PER LAW
Useful lives or depreciation rates tangible assets NIL NIL NIL NIL
Explanation on revaluation of fixed assets
[Abstract]
Explanation of basis for revaluation on
ATTACHED ATTACHED ATTACHED ATTACHED
systematic basis
Explanation of revaluation methods tangible
assets
Nature of indices used in revaluation ATTACHED ATTACHED ATTACHED ATTACHED
Year of appraisal made ATTACHED ATTACHED ATTACHED ATTACHED
Description of whether independent valuer
was used for valuation of tangible assets
Additional depreciation on revalued
amount of tangible assets disclosed 0 0 0 0
separately if material
Tangible assets carrying amount of assets
0 0 0 0
retired from active use
Amount of reduction or increase to tangible
assets due to revaluation of assets or reduction
of capital as applicable explanatory
[TextBlock]
Date of such reduction or increase to tangible
assets explanatory [TextBlock]
Tangible assets restrictions on title [Abstract]
Description of existence of restrictions on
title tangible assets
Tangible assets purchased on hire purchase 0 0 0 0
Tangible assets jointly owned by
enterprise and accounted for on pro rata 0 0 0 0
basis
Expenditure incurred on account of tangible
assets in course of construction or 0 0 0 0
acquisition

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on tangible assets explanatory [TextBlock] [See below] [See below]
Disclosure of accounting policy on tangible assets [TextBlock] ATTACHED ATTACHED
Share tangible assets joint ventures, net 0 0
126
Disclosure of notes on tangible assets explanatory [Text Block]
KHYATI
ISPAT
PRIVATE
LIMITED
Notes to
financial
statements
for the
year
ended
31st
March,
2018
Property,
Plant and
10.
Equipment
(PPE)
Furniture
Land & Site Factory Plant & Vehicles Laboratory Computer
&
Development Shed & Machinery Equipments Fixtures
Building
Rs. Rs. Rs. Rs. Rs. Rs. Rs.
Cost or
valuation
At 1 April
40,59,540 7,04,23,775 67,16,30,043 2,49,90,764 48,75,189 16,57,323 9,93,032 12,20,226
2016
Additions - 19,29,019 1,50,47,676 23,18,676 85,000 1,57,278 16,87,475
Disposals - - - 17,02,153 - - -
127
At 31
40,59,540 7,23,52,794 68,66,77,719 2,56,07,287 49,60,189 18,14,601 26,80,507 14,77,530
March, 2017
Additions - 15,49,320 5,10,52,360 21,32,747 - 1,67,872 1,07,171
Disposals - - 2,28,51,630 19,39,427 - - -
At 31
40,59,540 7,39,02,114 71,48,78,449 2,58,00,607 49,60,189 19,82,473 27,87,678 25,21,335
March, 2018
Depreciation
At 1 April
- 3,24,32,681 50,53,87,023 1,90,66,732 41,80,199 15,03,409 8,77,221 10,25,243
2016
Charge for
- 42,94,080 3,06,25,335 18,63,593 3,29,971 58,827 1,21,543 1,64,473
the year
Disposals - - - 13,92,131 - - -
At 31
- 3,67,26,761 53,60,12,359 1,95,38,194 45,10,170 15,62,236 9,98,764 11,89,716
March, 2017
Charge for
- 36,74,270 3,49,50,992 19,95,701 62,199 1,57,460 4,75,093 3,86,030
the year
Disposals - - 1,02,03,985 15,53,371 - - -
At 31
- 4,04,01,031 56,07,59,366 1,99,80,524 45,72,369 17,19,696 14,73,857 15,75,746
March, 2018
Net Block
At 31
40,59,540 3,56,26,033 15,06,65,361 60,69,093 4,50,019 2,52,365 16,81,743 2,87,814
March, 2017
128
At 31
40,59,540 3,35,01,083 15,41,19,084 58,20,083 3,87,820 2,62,777 13,13,821 9,45,589
March, 2018
129
Disclosure of notes on tangible assets explanatory [Text Block]
KHYATI
ISPAT
PRIVATE
LIMITED
Notes to
financial
statements
for the
year
ended
31st
March,
2017
Property,
Plant and
11.
Equipment
(PPE)
Land & Site Factory Plant & Vehicles Laboratory
Development Shed & Machinery Equipments
Building
Rs. Rs. Rs. Rs. Rs.
Cost or
valuation
At 1 April
26,405,197 4,875,189 1,590,198
2015 4,059,540 65,536,798 607,689,322
Additions 63,940,721
- 4,886,977 - -
Disposals
- - - 1,414,433 -
At 31
24,990,764 4,875,189 1,657,323
March, 2016 4,059,540 70,423,775 671,630,043
Additions 15,047,676
- 1,929,019 2,318,676 85,000
Disposals
- - - 1,702,153 -
At 31
25,607,287 4,960,189 1,814,601
March, 2017 4,059,540 72,352,794 686,677,719
Depreciation
At 1 April
17,012,264 3,548,046 1,375,186
2015 - 26,772,355 468,437,229
130
Charge for
3,254,966 632,153 128,223
the year - 5,660,326 36,949,794
Disposals
- - - 1,200,498 -
At 31
19,066,732 4,180,199 1,503,409
March, 2016 - 32,432,681 505,387,023
Charge for
1,863,593 329,971 58,827
the year - 4,294,080 30,625,335
Disposals
- - - 1,392,131 -
At 31
19,538,194 4,510,170 1,562,236
March, 2017 - 36,726,761 536,012,359
Net Block
At 31
5,924,032 694,990 153,914
March, 2016 4,059,540 37,991,094 166,243,020
At 31
6,069,093 450,019 252,365
March, 2017 4,059,540 35,626,033 150,665,361
[201100] Notes - Intangible assets
Disclosure of intangible assets [Table] ..(1)

Company total intangible assets
Classes of intangible assets [Axis]
[Member]
Internally generated and other than
Sub classes of intangible assets [Axis] internally generated intangible assets
[Member]
Carrying amount accumulated amortization and impairment and gross carrying amount [Axis] Carrying amount [Member]
31/03/2018 31/03/2017
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets [LineItems]
Reconciliation of changes in intangible assets [Abstract]
Intangible assets at end of period 0 0

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on intangible assets explanatory [TextBlock] ATTACHED ATTACHED
Aggregate amount of research and development expenditure recognised as
0 0
expense
Description of fully amortised intangible asset that is still in use 0 0
Share intangible assets joint ventures, net 0 0
131
[200400] Notes - Non-current investments
Details of non-current investments [Table] ..(1)

Classification of non-current investments [Axis] Column 1 Column 2
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Non-current investments [Abstract]
Disclosure of details of non-current investments
[Abstract]
Details of non-current investments [LineItems]
Investments in Investments in mutual Investments in Investments in mutual
Type of non-current investments mutual funds funds mutual funds funds
Class of non-current investments Other investments Other investments Other investments Other investments
Nature of non-current investments QUOTED QUOTED QUOTED QUOTED
Non-current investments 0 0 0 0
Name of body corporate in whom investment has SBI MUTUAL SBI MUTUAL
KOTAK GLOBAL KOTAK GLOBAL
been made FUNDS FUNDS
Details of whether such body corporate is
subsidiary, associate, joint venture or 0 0 0 0
controlled special purpose entity
Details of non-current investments made
0 0 0 0
in body corporate which are partly paid
Details of non-current investment made in
partnership firms [Abstract]
Details of non-current investment made
in partnership firms explanatory ATTACHED ATTACHED ATTACHED ATTACHED
[TextBlock]
Name of partnership firm where non-current
0 0 0 0
investment is made
Names of all partners in partnership firm 0 0 0 0
Details of capital of partnership firm
[Abstract]
Total capital of partnership firm 0 0 0 0
Details of share of each partner in
0 0 0 0
capital of partnership firm
0 0 0 0
profits of partnership firm
Details of non-current investments carried
at other than cost [Abstract]
Basis of valuation for non-current
investments carried at other than at AT COST AT COST AT COST AT COST
cost
132

01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Investment in other Investment in other Investment in other Investment in other
Type of non-current investments Indian companies Indian companies Indian companies Indian companies
equity instruments equity instruments equity instruments equity instruments
Nature of non-current investments UNQUOTED UNQUOTED UNQUOTED UNQUOTED
Non-current investments 0 0 2,01,68,125 2,01,68,125
Name of body corporate in whom investment has CAP VANIJYA CAP VANIJYA PVT LEHAR TREXIM LEHAR TREXIM
been made PVT LTD LTD PVT LTD PVT LTD
subsidiary, associate, joint venture or ASSOCIATE ASSOCIATE OTHER OTHER
0 0 0 0
[TextBlock]
0 0 0 0
investment is made
[Abstract]
0 0 0 0
0 0 0 0
cost
133

01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Investment in other Investment in other Investment in other Investment in other
Type of non-current investments Indian companies Indian companies Indian companies Indian companies
equity instruments equity instruments equity instruments equity instruments
Nature of non-current investments UNQUOTED UNQUOTED UNQUOTED UNQUOTED
Non-current investments 2,64,36,800 2,64,36,800 2,01,53,750 2,01,53,750
Name of body corporate in whom investment has SARLA FINANCE SARLA FINANCE MERIT ENCLAVE MERIT ENCLAVE
been made PVT LTD PVT LTD PVT LTD PVT LTD
subsidiary, associate, joint venture or ASSOCIATE ASSOCIATE OTHERS OTHER
0 0 0 0
[TextBlock]
0 0 0 0
investment is made
[Abstract]
0 0 0 0
0 0 0 0
cost

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on non-current investments explanatory [TextBlock] [See below] [See below]
Accounting policy for determination of carrying amount of investments
ATTACHED ATTACHED
[TextBlock]
Aggregate amount of quoted non-current investments 0 0
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 6,67,58,675 6,67,58,675
Aggregate provision for diminution in value of non-current investments 0 0
Explanation of significant restrictions on right of ownership
realizability of investments or remittance of income or 0 0
proceeds of disposal
Share non-current investments joint ventures 0 0
134
Disclosure of notes on non-current investments explanatory [Text Block]
KHYATI
ISPAT
PRIVATE
LIMITED
Notes to
financial
statements for
the year
ended 31st
March, 2018
Non-current
11. 2018 2017
investments
Rs. Rs.
(a)
Investments
in Mutual
Funds
(quoted)
- SBI Blue
Chip Funds (
5000 units @ -
Rs. 10 Face
Value)
- SBI -Mutual
Fund (10,000
units @ Rs. -
10 Face
Value)
- Kotak Global
Emerging
Market Fund
-
(20,000 units
@ Rs. 10
Face Value)
- -
135
(b) Trade
Investments
(valued at
cost)
Unquoted
equity
instruments,
fully Paid up
35,075 (P.Y.
35,075)
Shares of
Lehar Trexim 2,01,68,125 2,01,68,125
Pvt Ltd. of Rs.
10/- each fully
Paid up
20,33,600
(P.Y.
20,33,600)
Shares of
2,64,36,800 2,64,36,800
Sarla Finance
Pvt. Ltd. of
Rs. 1/- each
fully Paid up
35,050 (P.Y.
35,050)
Shares of
Merit Enclave 2,01,53,750 2,01,53,750
Pvt Ltd of Rs.
10/- each
Fully Paid up
6,67,58,675 6,67,58,675
6,67,58,675 6,67,58,675
Loans and
advances
12. (unsecured,
considered
good)
Non-current Current
136
2018 2017 2018 2017
Rs. Rs. Rs. Rs.
Security
deposit with
1,93,03,061 60,48,115 1,86,476 6,86,476
govt and
others
Advances
recoverable in
39,50,000 39,97,407 28,83,27,307 23,22,67,904
cash or in
kind
Balance with
statutory/govt. 99,84,833 1,00,19,243 8,19,97,295 2,15,58,425
authorities
Prepaid
- - 6,81,140 13,47,096
expenses
Total 3,32,37,894 2,00,64,765 37,11,92,218 25,58,59,90
Inventories
(valued at
lower of cost
13. 2018 2017
and net
realizable
value)
Rs. Rs.
Raw Materials
and
components 42,95,17,117 47,22,16,750
(Refer
Note-18)
Consumables,
Stores and 77,71,254 33,91,448
Spares
Finished
16,13,30,387 13,57,99,40
Goods
137
Miss Roll/End
1,10,51,621 71,24,185
Cut/Mill Scale
Trading
10,15,894 98,80,758
Goods
61,06,86,272 62,84,12,54
Trade
14. Non-current Current
receivables
2012 2011 2018 2017
Rs. Rs.
Unsecured,
considered
good
Outstanding
for a period
exceeding six
months
from the date

they are due 14,76,704 33,23,485
for payment
Other
41,44,78,138 41,33,92,92
receivables
41,59,54,842 41,67,16,41
138
Disclosure of notes on non-current investments explanatory [Text Block]
KHYATI
ISPAT
PRIVATE
LIMITED
Notes to
financial
statements for
the year
ended 31st
March, 2017
Non-current
12. 2017 2016
investments
r r
(a)
Investments
in Mutual
Funds
(quoted)
- SBI Blue
Chip Funds (
-
5000 units @
50,000
Rs. 10 Face
Value)
- SBI -Mutual
Fund (10,000
-
units @ Rs.
100,000
10 Face
Value)
- Kotak Global
Emerging
Market Fund -
(20,000 units 200,000
@ Rs. 10
Face Value)
-
350,000
(b) Trade
Investments
(valued at
cost)
Unquoted
equity
instruments,
fully Paid up
35075 (P.Y.
35075)
Shares of
Lehar Trexim
20,168,125 20,168,125
139
Pvt Ltd. of
`10/- each
fully Paid up
2033600
(P.Y.
2033600)
Shares of
Sarla Finance 26,436,800 26,436,800
Pvt. Ltd. of
`1/- each fully
Paid up
35050 (P.Y.
35050)
Shares of
Merit Enclave
20,153,750 20,153,750
Pvt Ltd of
`10/- each
Fully Paid up
66,758,675 66,758,675
66,758,675 67,108,675
Loans and
advances
13. (unsecured,
considered
good)
Non-current Current
2017 2016 2017 2016
r r r r
Security
deposit with
govt and 6,048,115 5,283,548 686,476 1,476,676
others
Advances
recoverable in
cash or in 3,997,407 4,880,118 232,267,904 191,656,351
kind
Balance with
statutory/govt.
10,019,243 6,836,093 21,558,425 22,839,005
authorities
Prepaid - -
expenses 1,347,096 1,471,284
Total
20,064,765 16,999,759 255,859,901 217,443,316
Inventories
(valued at
lower of cost
14. 2017 2016
and net
140
realizable
value)
r r
Raw Materials
and
components
472,216,750 458,643,662
(Refer
Note-18)
Consumables,
Stores and
3,391,448 2,943,002
Spares
Work in -
progress 107,943
Finished
Goods 135,799,406 160,648,002
END CUTT
7,124,185 2,403,481
Trading
Goods 9,880,758 1,957,350
628,412,546 626,703,440
Trade
15. Non-current Current
receivables
2012 2011 2017 2016
r r
Unsecured,
considered
good
Outstanding
for a period
exceeding six
months
from the date

they are due
3,323,485 6,761,422
for payment
Other
receivables 413,392,926 147,628,842
416,716,411 154,390,264
141
[200500] Notes - Current investments

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on current investments explanatory [TextBlock] ATTACHED ATTACHED
Accounting policy for determination of carrying amount of investments
ATTACHED ATTACHED
[TextBlock]
Aggregate amount of quoted current investments 0 0
Market value of quoted current investments 0 0
Aggregate amount of unquoted current investments 0 0
Aggregate provision for diminution in value of current investments 0 0
Explanation of significant restrictions on right of ownership
realizability of investments or remittance of income or 0 0
proceeds of disposal
Share current investments joint ventures 0 0
142
[200600] Notes - Subclassification and notes on liabilities and assets
Disclosure of breakup of provisions [Table] ..(1)

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 47,21,942 45,05,132 0 0
Provision leave encashment 0 0 0 0
Provision pension 0 0 0 0
Provision employee insurance scheme 0 0 0 0
Provision other employee related
0 0 0 0
liabilities
Total provisions for employee benefits 47,21,942 45,05,132 0 0
Provision for corporate tax [Abstract]
Provision for current tax 0 0 46,40,752 0
Provision for wealth tax 0 0 0 0
Provision for fringe benefit tax 0 0 0 0
Provision for other tax 0 0 0 1,58,87,310
Provision for corporate dividend tax 0 0 0 0
Total provision for corporate tax 0 0 46,40,752 1,58,87,310
Provision for proposed dividend [Abstract]
Provision for proposed equity dividend
[Abstract]
Provision for proposed equity
0 0 0 0
interim dividend
Provision for proposed equity final
0 0 0 0
dividend
Provision for proposed equity
0 0 0 0
special dividend
Total provision for proposed equity
0 0 0 0
dividend
Provision for proposed preference
dividend [Abstract]
0 0 0 0
interim dividend
0 0 0 0
final dividend
0 0 0 0
special dividend
Total provision for proposed
0 0 0 0
preference dividend
Total provision for proposed dividend 0 0 0 0
Provision for statutory liabilities 0 0 0 0
CSR expenditure provision 0 0 0 0
Provision for abandonment cost 0 0 0 0
Other provisions 0 0 0 0
Total provisions 47,21,942 45,05,132 46,40,752 1,58,87,310
143
Disclosure of details of preproducing properties [Table] ..(1)

Company total of preproducing
Classes of preproducing properties [Axis] Exploratory wells [Member]
properties [Member]
Carrying amount of preproducing Carrying amount of preproducing
Details of preproducing properties [Axis]
properties [Member] properties [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Preproducing properties notes [Abstract]
Disclosure of details of preproducing properties
[Abstract]
Details of preproducing properties [LineItems]
Changes in preproducing properties [Abstract]
Expenditure during year on preproducing
0 0
properties
Transfer to preproducing properties 0 0
Depreciation or depletion preproducing
0 0
properties
Transfer to statement of profit and loss
0 0
preproducing properties
Other adjustments preproducing properties 0 0
Total changes in preproducing properties 0 0
Preproducing properties at end of period 0 0 0 0
Disclosure of details of preproducing properties [Table] ..(2)

Classes of preproducing properties [Axis] Exploratory wells [Member]
Carrying amount
of preproducing
Details of preproducing properties [Axis] Gross carrying amount [Member]
properties
[Member]
31/03/2016 31/03/2018 31/03/2017 31/03/2016
[Abstract]
Preproducing properties notes [Abstract]
Disclosure of details of preproducing properties
[Abstract]
Details of preproducing properties [LineItems]
Changes in preproducing properties [Abstract]
Expenditure during year on preproducing
0 0
properties
Transfer to preproducing properties 0 0
Depreciation or depletion preproducing
0 0
properties
Transfer to statement of profit and loss
0 0
preproducing properties
Other adjustments preproducing properties 0 0
Total changes in preproducing properties 0 0
Preproducing properties at end of period 0 0 0 0
144
Disclosure of details of producing properties [Table] ..(1)

Gross carrying
Details of producing properties [Axis] Carrying amount of producing properties [Member]
amount [Member]
31/03/2018 31/03/2017 31/03/2016 31/03/2018
[Abstract]
Producing properties notes [Abstract]
Disclosure of details of producing properties
[Abstract]
Details of producing properties [LineItems]
Changes in producing properties [Abstract]
Transfer from preproducing properties 0 0 0
Depletion producing properties 0 0 0
Other adjustments producing properties 0 0 0
Total changes in producing properties 0 0 0
Producing properties at end of period 0 0 0 0
Disclosure of details of producing properties [Table] ..(2)

Details of producing properties [Axis] Gross carrying amount [Member]
31/03/2017 31/03/2016
Subclassification and notes on liabilities and assets [Abstract]
Producing properties notes [Abstract]
Disclosure of details of producing properties [Abstract]
Details of producing properties [LineItems]
Changes in producing properties [Abstract]
Transfer from preproducing properties 0
Depletion producing properties 0
Other adjustments producing properties 0
Total changes in producing properties 0
Producing properties at end of period 0 0
145
Loans and advances [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Classification of loans and advances [Axis] Loans and advances [Member] Capital advances [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
01/04/2017 01/04/2016
31/03/2018 31/03/2017 to to
31/03/2018 31/03/2017
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 3,32,37,894 2,00,64,765 39,50,000 39,97,407
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 3,32,37,894 2,00,64,765 39,50,000 39,97,407
Details of loans and advances to related
ATTACHED ATTACHED
parties
Nature of other loans and advances UNSECURED UNSECURED
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
Loans and advances due by others 0 0 0 0
Total loans and advances due by
0 0 0 0
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
0 0 0 0
which any director is partner
Loans and advances due by private
companies in which any director is 0 0 0 0
director
member
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director
146

Classification based on time period [Axis] Long-term [Member]
Classification of loans and advances [Axis] Security deposits [Member] Other loans and advances [Member]
01/04/2017 01/04/2016
to to 31/03/2018 31/03/2017
31/03/2018 31/03/2017
[Abstract]
Loans and advances, gross 1,93,03,061 60,48,115 99,84,833 1,00,19,243
0 0 0 0
advances
Loans and advances 1,93,03,061 60,48,115 99,84,833 1,00,19,243
ATTACHED ATTACHED
parties
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
147

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
Deposits with statutory authorities
Classification of loans and advances [Axis] Loans and advances [Member]
[Member]
01/04/2017 01/04/2016
to to 31/03/2018 31/03/2017
31/03/2018 31/03/2017
[Abstract]
Loans and advances, gross 99,84,833 1,00,19,243 37,11,92,218 25,58,59,901
0 0 0 0
advances
Loans and advances 99,84,833 1,00,19,243 37,11,92,218 25,58,59,901
ATTACHED ATTACHED
parties
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
148

Loans advances given suppliers
Classification of loans and advances [Axis] Security deposits [Member]
[Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Loans and advances, gross 1,86,476 6,86,476 28,83,27,307 23,22,67,904
0 0 0 0
advances
Loans and advances 1,86,476 6,86,476 28,83,27,307 23,22,67,904
parties
Nature of other loans and advances UNSECURED UNSECURED UNSECURED UNSECURED
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
149

Classification of loans and advances [Axis] Other loans and advances [Member] Prepaid expenses [Member]
01/04/2017 01/04/2016
31/03/2018 31/03/2017 to to
31/03/2018 31/03/2017
[Abstract]
Loans and advances, gross 8,26,78,435 2,29,05,521 6,81,140 13,47,096
0 0 0 0
advances
Loans and advances 8,26,78,435 2,29,05,521 6,81,140 13,47,096
ATTACHED ATTACHED
parties
[Abstract]
0 0 0 0
0 0 0 0
director
member
0 0 0 0
director
150

Deposits with statutory authorities
Classification of loans and advances [Axis]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Loans and advances, gross 8,19,97,295 2,15,58,425
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 8,19,97,295 2,15,58,425
Details of loans and advances to related parties ATTACHED ATTACHED
Details of loans and advances due by directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0
Loans and advances due by other officers 0 0
Loans and advances due by others 0 0
Total loans and advances due by directors, other officers or others 0 0
Details of loans and advances due by firms or companies in which any
director is partner or director [Abstract]
Loans and advances due by firms in which any director is partner 0 0
Loans and advances due by private companies in which any director is
0 0
director
Loans and advances due by private companies in which any director is member 0 0
Total loans and advances due by firms or companies in which any director
0 0
is partner or director
Classification of long-term trade receivables [Table] ..(1)

31/03/2018 31/03/2017
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Long-term trade receivables [Abstract]
Long-term trade receivables [LineItems]
Breakup of long-term trade receivables [Abstract]
Long-term trade receivables, gross 14,76,704 33,23,485
Allowances for bad and doubtful debts 0 0
Total long-term trade receivables 14,76,704 33,23,485
Details of long-term trade receivables due by directors, other officers
or others [Abstract]
Long-term trade receivables due by directors 0 0
Long-term trade receivables due by other officers 0 0
Long-term trade receivables due by others 0 0
Total long-term trade receivables due by directors, other officers or
0 0
others
Details of long-term trade receivables due by firms or companies in
which any director is partner or director [Abstract]
Long-term trade receivables due by firms in which any director is partner 0 0
Long-term trade receivables due by private companies in which any
0 0
director is director
Long-term trade receivables due by private companies in which any
0 0
director is member
Total long-term trade receivables due by firms or companies in
0 0
which any director is partner or director
151
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
[Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 41,59,54,842 41,67,16,410 41,59,54,842 41,67,16,410
Allowance for bad and doubtful debts 0 0 0 0
Total trade receivables 41,59,54,842 41,67,16,410 41,59,54,842 41,67,16,410
Details of trade receivables due by
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Trade receivables due by others 0 0
Total trade receivables due by
directors, other officers or 0 0
others
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Trade receivables due by firms in
0 0
Trade receivables due by private
companies in which any director 0 0
is director
Trade receivables due by private
companies in which any director 0 0
is member
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member] Raw materials [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 61,06,86,272 62,84,12,546 42,95,17,117 47,22,16,750
Goods in transit 0 0 0 0
lower of cost and net lower of cost and net lower of cost and net lower of cost and net
Mode of valuation realizable value realizable value realizable value realizable value
152

Classification of inventories [Axis] Work-in-progress [Member] Finished goods [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Inventories 0 0 16,13,30,387 13,57,99,406

Classification of inventories [Axis] Stores and spares [Member] Other inventories [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Inventories 77,71,254 33,91,448 0 0
Nature of other inventories trading goods trading goods

Classification of inventories [Axis] Waste [Member] Other inventories, others [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
[Abstract]
Inventories 1,10,51,621 71,24,185 10,15,894 98,80,758
Nature of other inventories waste & scrap waste & scrap trading goods trading goods
153

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of subclassification and notes on liabilities and assets Textual information (12) Textual information (13)
explanatory [TextBlock] [See below] [See below]
Disclosure of notes on other long-term liabilities explanatory
ATTACHED ATTACHED
[TextBlock]
Trade payables, long-term 0 0
Gross amount due to customers for contract work, non-current 0 0
Others long-term, others 11,90,000 11,90,000
Total others, long-term 11,90,000 11,90,000
Total other long-term liabilities 11,90,000 11,90,000
Share other long-term liabilities joint ventures 0 0
Disclosure of notes on provisions explanatory [TextBlock] ATTACHED ATTACHED
Nature of other provisions OTHERS OTHERS
Share provisions joint ventures 0 0
Disclosure of notes on other current liabilities explanatory
ATTACHED ATTACHED
[TextBlock]
Current maturities of long-term debt 0 10,02,443
Current maturities of finance lease obligations 0 0
Interest accrued but not due on borrowings 0 0
Interest accrued and due on borrowings 0 0
Interest accrued but not due on public deposits 0 0
Interest accrued and due on public deposits 0 0
Debentures claimed but not paid 0 0
Income received in advance 0 0
Unpaid dividends 0 0
Application money received for allotment of securities and
0 0
due for refund, principal
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Withholding taxes payable 0 0
Service tax payable 0 0
VAT payable 0 0
Excise duty payable 0 0
Taxes payable current tax 0 0
Taxes payable wealth tax 0 0
Taxes payable sales tax 0 0
Taxes payable other tax 15,30,458 5,64,361
Accrued expenses payable 31,58,518 28,98,780
Security deposits refundable, current 0 0
Customer deposits refundable, current 0 0
Other deposits refundable, current 0 0
Total deposits refundable current 0 0
Gross amount due to customers for contract work, current 0 0
Public deposit payable, current 0 0
Total other payables, current 46,88,976 34,63,141
Derivative liabilities 0 0
Advance received against contracts 0 0
Advance received from customers 1,20,48,652 1,24,95,320
Other advance received 0 0
Bills payable acceptances 0 0
Retention money payable 0 0
Accrued salary payable 0 0
Accrued payroll liabilities, other 0 0
Short-term employee related liabilities 36,94,975 37,568
Contribution to provident fund scheme 0 0
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others 0 0
Total other current liabilities 2,04,32,603 1,69,98,472
Share other current liabilities joint ventures 0 0
Nature of other payables, current OTHERS OTHERS
Disclosure of notes on producing properties explanatory [TextBlock] ATTACHED ATTACHED
Disclosure of notes on loans and advances explanatory [TextBlock] ATTACHED ATTACHED
154
Share long-term loans and advances joint ventures 0 0

Share short-term loans and advances joint ventures 0 0
Disclosure of notes on other non-current assets explanatory
ATTACHED ATTACHED
[TextBlock]
Share long-term trade receivables joint ventures 0 0
Gross amount due from customers for contract work, non-current 0 0
Other non-current assets, others 29,84,518 33,76,978
Total other non-current assets 29,84,518 33,76,978
Nature of other non-current assets, others OTHERS OTHERS
Share other non-current assets joint ventures 0 0
Disclosure of notes on inventories explanatory [TextBlock] ATTACHED ATTACHED
Accounting policy on inventories [TextBlock] ATTACHED ATTACHED
lower of cost and net lower of cost and net
Inventory cost formula used realizable value realizable value
Share inventories joint ventures 0 0
Disclosure of notes on trade receivables explanatory [TextBlock] ATTACHED ATTACHED
Aggregate amount of trade receivables outstanding for period
14,76,704 33,23,485
exceeding six months
Share trade receivables joint ventures 0 0
Disclosure of notes on cash and bank balances explanatory [TextBlock] ATTACHED ATTACHED
Fixed deposits with banks 0 0
Other deposits with banks 0 0
Deposit repayment reserve account with banks 0 0
Other balances with banks 2,84,566 31,166
Total balance with banks 2,84,566 31,166
Cheques, drafts on hand 0 0
Cash on hand 4,88,743 10,74,009
Others 0 0
Total cash and cash equivalents 7,73,309 11,05,175
Other bank balances 0 0
Total cash and bank balances 7,73,309 11,05,175
Nature of other cash and cash equivalents CASH CASH
Earmarked balances with banks 0 0
Balances held with banks to extent held as margin money 0 0
Balances held with banks to extent held as security against
0 0
borrowings
Balances held with banks to extent held as guarantees 0 0
Balances held with banks to extent held against other
0 0
commitments
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Repatriation restrictions if any in respect of cash and bank
0 0
balances
Bank deposits with more than twelve months maturity 0 0
Share cash and cash equivalents joint ventures 0 0
Unbilled revenue 0 0
Unamortised premium of forward contracts 0 0
Other unamortised expenses 0 0
Gross amount due from customers for contract work, current 0 0
Dividend receivable, subsidiaries 0 0
Dividend receivable, others 0 0
Total dividend receivable 0 0
Interest receivable 0 0
Derivative assets 0 0
Tangible assets held for sale 0 0
Other current assets, others 10,45,458 7,81,443
Total other current assets 10,45,458 7,81,443
Nature of other current assets interest accrued interest accrued
Share other current assets joint ventures 0 0
155
Disclosure of subclassification and notes on liabilities and assets explanatory [Text Block]
KHYATI ISPAT
PRIVATE LIMITED
Balance Sheet as at
31st March,2018
Particulars Notes 2018 2017
Rs. Rs.
EQUITY AND
LIABILITIES
Shareholders' Funds
Share capital 3 152,862,400 152,862,400
Reserves and surplus 4 688,760,697 633,626,207
841,623,097 786,488,607
Non-current liabilities
Deffered Tax Liability 5 14,337,810 19,561,701
Long-term provisions 6 4,721,942 4,505,132
Other non current

9 1,190,000 1,190,000
liabilities
20,249,752 25,256,833
Current liabilities
156
Short-term borrowings 7 737,515,584 736,745,339
Trade payables 8 83,013,862 27,711,520
Other current liabilities 9 20,432,603 16,998,472
Short-term provisions 6 4,640,751 15,887,310
845,602,801 797,342,641
TOTAL 1,707,475,650 1,609,088,081
ASSETS
Non-current assets
Fixed Assets
Property, Plant &

10 200,409,797 199,091,968
Equipment
Capital work in
4,432,667 16,920,220
progress
Non-current
11 66,758,675 66,758,675
investments
Long-term loans and

12 33,237,894 20,064,765
advances
Other Non current

16 2,984,518 3,376,978
assets
307,823,551 306,212,606
Current assets
157
Inventories 13 610,686,272 628,412,546
Trade receivables 14 415,954,842 416,716,411
Cash & bank balances 15 773,309 1,105,175
Short-term loans and

12 371,192,218 255,859,901
advances
Other current assets 16 1,045,458 781,444
1,399,652,099 1,302,875,476
TOTAL 1,707,475,650 1,609,088,081
Summary of significant
2.1
accounting policies
The accompanying
notes are integral part
of the financial
statements.
As per our report of

even date
For and on
For RAY SINGH &
behalf of the
COMPANY
Board of
Directors of
(ICAI Firm Reg. Khyati Ispat

No.322337E) Private Limited
RAY SAHAB SINGH
158
BASANT
BABITA
Proprietor KUMAR
AGRAWAL
AGRAWAL
Membership
Director Director
No.056261
DIN-00293472 DIN-07040070
Place : Raipur
Date : 19.07.2018
159
Disclosure of subclassification and notes on liabilities and assets explanatory [Text Block]
KHYATI ISPAT
PRIVATE
LIMITED
Balance Sheet as
at 31st
March,2017
Particulars Notes 2017 2016
r r
EQUITY AND
LIABILITIES
Shareholders'
Funds
Share capital 3
152,862,400 152,862,400
Reserves and
4
surplus 633,626,208 590,541,094
786,488,608 743,403,494
Non-current
liabilities
Long-term
5
borrowings - 1,005,263
Deffered Tax
6
Liability 19,561,701 19,965,986
Long-term
7
provisions 4,505,132 -
Other non current

10
liabilities 1,190,000 -
25,256,833 20,971,249
Current liabilities
Short-term
8
borrowings 736,745,339 440,867,829
Trade payables 9
27,711,520 30,643,135
Other current
10
liabilities 16,998,472 51,560,964
Short-term
7
provisions 15,887,310 36,122,879
797,342,641 559,194,807
160
TOTAL
1,609,088,082 1,323,569,550
ASSETS
Non-current
assets
Fixed Assets
Property, Plant &

11
Equipment 199,091,968 215,377,384
Capital work in
progress 16,920,220 5,794,984
Non-current
12
investments 66,758,675 67,108,675
Long-term loans
13
and advances 20,064,765 16,999,759
Other Non current

17
assets 3,376,978 16,804,970
306,212,606 322,085,772
Current assets
Inventories 14
628,412,546 626,703,440
Trade receivables 15
416,716,411 154,390,264
Cash & bank

16
balances 1,105,175 2,158,810
Short-term loans
13
and advances 255,859,901 217,443,316
Other current
17
assets 781,444 787,948
1,302,875,476 1,001,483,778
TOTAL
1,609,088,082 1,323,569,550
Summary of
significant
2.1
accounting
policies
The
accompanying
notes are integral
part of the
financial
statements.
161
As per our report

of even date
For and on
For RAY SINGH & behalf of the
COMPANY Board of
Directors of
Khyati Ispat
(ICAI Firm Reg.
Private
No.322337E)
Limited
Chartered
Accountants
BASANT
RAY SAHAB BABITA
KUMAR
SINGH AGRAWAL
AGRAWAL
Proprietor Director
Director
Membership
No.056261
Place : Raipur
Date : 18.08.2017
162
[200700] Notes - Additional disclosures on balance sheet
Details of shareholding pattern of promoters and public [Table] ..(1)

Shareholding pattern of promoters and public [Axis] Promoters [Member]
Classification based on nationality or origin [Axis] Indian [Member]
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Additional balance sheet notes [Abstract]
Details of shareholding pattern of promoters and public [Abstract]
Details of shareholding pattern of promoters and public [LineItems]
Number of shares held by Indian [shares] 31,40,240 [shares] 31,40,240
Percentage of shares held by Indian 20.54% 20.54%
Number of shares held by non-resident Indian [shares] 0 [shares] 0
Percentage of shares held by non-resident Indian 0.00% 0.00%
Number of shares held by foreign national other than non-resident Indian [shares] 0 [shares] 0
Percentage of shares held by foreign national other than non-resident Indian 0.00% 0.00%
Number of shares held by central government [shares] 0 [shares] 0
Percentage of shares held by central government 0.00% 0.00%
Number of shares held by state government [shares] 0 [shares] 0
Percentage of shares held by state government 0.00% 0.00%
Number of shares held by government companies [shares] 0 [shares] 0
Percentage of shares held by government companies 0.00% 0.00%
Number of shares held by insurance companies [shares] 0 [shares] 0
Percentage of shares held by insurance companies 0.00% 0.00%
Number of shares held by banks [shares] 0 [shares] 0
Percentage of shares held by banks 0.00% 0.00%
Number of shares held by financial institutions [shares] 0 [shares] 0
Percentage of shares held by financial institutions 0.00% 0.00%
Number of shares held by foreign institutional investors [shares] 0 [shares] 0
Percentage of shares held by foreign institutional investors 0.00% 0.00%
Number of shares held by mutual funds [shares] 0 [shares] 0
Percentage of shares held by mutual funds 0.00% 0.00%
Number of shares held by venture capital [shares] 0 [shares] 0
Percentage of shares held by venture capital 0.00% 0.00%
Number of shares held by body corporate [shares] 1,21,46,000 [shares] 1,21,46,000
Percentage of shares held by body corporate 79.46% 79.46%
Number of shares held by others [shares] 0 [shares] 0
Percentage of shares held by others 0.00% 0.00%
Total number of shares [shares] 1,52,86,240 [shares] 1,52,86,240
Total of percentage shares 100.00% 100.00%
163

01/04/2017 01/04/2016
to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of additional balance sheet notes explanatory [TextBlock] ATTACHED
[See below]
Claims against company not acknowledged as debt 0 0
Guarantees 0 0
Other money for which company is contingently liable 0 0
Total contingent liabilities 0 0
Estimated amount of contracts remaining to be executed on
0 0
capital account and not provided for
Uncalled liability on shares and other investments partly paid 0 0
Other commitments 0 0
Total commitments 0 0
Nature of other commitments OTHERS OTHERS
Total contingent liabilities and commitments 0 0
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
shareholders
Amount of dividends proposed to be distributed to preference
0 0
shareholders
Amount of per share dividend proposed to be distributed to
preference shareholders
Arrears of fixed cumulative dividends on preference shares 0 0
Percentage of proposed dividend 0.00% 0.00%
Description of how outstanding unutilised amounts received
in respect of issue of securities for specific purpose are ATTACHED ATTACHED
used
Outstanding unutilised amounts received in respect of issue of
0 0
securities for specific purpose
Amount of unutilised amounts invested 0 0
Explanation of opinion of board if realizable value of
any of assets other than fixed assets and non-current ATTACHED ATTACHED
investments is less than its carrying amount
Amount each member undertakes to contribute as per
memorandum of association in case of companies limited 0 0
by guarantee having share capital
Amount each member undertakes to contribute as per
memorandum of association in case of companies limited 0 0
by guarantee not having share capital
Disclosure of information on deviation from accounting standards
ATTACHED ATTACHED
balance sheet
Disclosure of reasons for deviation from accounting standards
ATTACHED ATTACHED
balance sheet
Financial effect of deviation from accounting standards balance sheet 0 0
Disclosure of category wise quantitative data about outstanding
ATTACHED ATTACHED
derivative instruments explanatory [TextBlock]
Disclosure of purpose for which derivative instruments have been
ATTACHED ATTACHED
acquired
Percentage of share capital held by foreign company 0.00% 0.00%
Value of share capital held by foreign company 0 0
Number of shareholders promoters [pure] 4 [pure] 4
Number of shareholders public [pure] 0 [pure] 0
Total number of shareholders promoters and public [pure] 4 [pure] 4
Amount of provisions to be made on account of income reversal and
0 0
non-performing assets remaining unrealised
Cumulative amount provided till previous year 0 0
Amount provided in current year 0 0
Balance amount to be provided 0 0
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Additions to equity share warrants during period [pure] 0 [pure] 0
Deductions in equity share warrants during period [pure] 0 [pure] 0
Total changes in equity share warrants during period [pure] 0 [pure] 0
164
Equity share warrants at end of period [pure] 0 [pure] 0 [pure] 0

Equity share warrants for existing members [pure] 0 [pure] 0
Equity share warrants for others [pure] 0 [pure] 0
Total equity share warrants [pure] 0 [pure] 0 [pure] 0
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Share application money received and due for refund 0 0
Disclosure of whether all assets and liabilities are registered with
Yes Yes
company
Disclosure of salient features of arrangement or acquisition ATTACHED ATTACHED
Net quantities of enterprise’s
interests in proved reserves and proved
developed reserves of oil including
condensate and natural gas liquids and
ATTACHED ATTACHED
gas as at beginning and additions,
deductions, production and closing
balance for year explanatory
[TextBlock]
Net quantities of enterprise’s interest in proved
reserves and proved developed reserves of oil and gas on ATTACHED ATTACHED
geographical basis explanatory [TextBlock]
Amount of sweat equity shares issued 0 0
Details regarding cost records and cost audit explanatory [TextBlock] ATTACHED ATTACHED
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
Whether audit of cost records of company has been mandated
No No
under Rules specified in SN 1
If yes, Central Excise Tariff Act, heading in which product/
ATTACHED ATTACHED
service is covered under cost audit
Net worth of company 84,16,23,097 50,55,32,835
Disclosure of dates from which dividend is unclaimed beyond seven
ATTACHED ATTACHED
years explanatory [TextBlock]
Disclosure of dates from which deposits is unclaimed beyond seven
ATTACHED ATTACHED
years explanatory [TextBlock]
Disclosure of dates from which share application money is
ATTACHED ATTACHED
unclaimed beyond seven years explanatory [TextBlock]
Disclosure of dates from which interest on deposits is unclaimed
ATTACHED ATTACHED
beyond seven years explanatory [TextBlock]
Disclosure of dates from which debentures is unclaimed beyond
ATTACHED ATTACHED
seven years explanatory [TextBlock]
Disclosure of dates from which interest on debentures is
ATTACHED ATTACHED
unclaimed beyond seven years explanatory [TextBlock]
Disclosure in accordance with ceilings for liquid assets and small
ATTACHED ATTACHED
depositors explanatory [TextBlock]
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Investment in subsidiary companies 0 0
Investment in government companies 0 0
Amount due for transfer to investor education and protection fund
0 0
(IEPF)
Number of warrants converted into equity shares during period [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0
Number of shareholders to whom shares are allotted under private
[pure] 0 [pure] 0
placement during period
165
Disclosure of additional balance sheet notes explanatory [Text Block]

KHYATI ISPAT
PRIVATE
LIMITED
Statement of
Profit & Loss for
the year ended
31st March,
2017
Notes 2017 2016
Rs. Rs.
INCOME
Revenue from
operations 18
2,895,375,428 3,498,666,080
(Gross)
Less: Excise
Duty 287,864,112 368,185,125
Net Revenue
from operations 2,607,511,316 3,130,480,955
Other Income 19
36,542,833 14,880,577
TOTAL
REVENUE (I) 2,644,054,149 3,145,361,532
EXPENDITURE
Cost of raw
material and
20
component 1,788,722,458 2,296,814,489
consumed
Purchase of
traded goods 326,890,223 269,227,647
(Increase) /
decrease in
inventories of
finished
work-in-progress
and traded 21
12,312,428 8,454,804
goods
Employees
benefits 22
55,246,770 31,145,556
expenses
Depreciation
` 23
expenses 37,457,822 46,913,287
Finance costs 24
115,578,929 113,905,091
166
Operating and 25
Other Expenses 240,872,466 301,951,985
TOTAL
EXPENDITURE
2,577,081,096 3,068,412,858
(II)
Profit/(loss)
before tax 66,973,053 76,948,674
Tax expenses
Current tax
23,439,868 18,000,000
Deffered tax
(404,285) 7,339,153
Income Tax
Related to
852,356 -
earlier years
Total tax
expenses 23,887,939 25,339,153
Profit/(loss) for
the year from
continuing 43,085,114 51,609,521
operations
Earnings per
equity share
[nominal value
of share
@ ` 10/- (31st
March,2016 `
10)]
Basic 26 2.82 3.38
Diluted 2.82 3.38
Summary of
significant
2.1
accounting
policies
The
accompanying
notes are
integral part of
the financial
statements.
As per our
report of even
date
For and on
For RAY SINGH behalf of the
& COMPANY Board of
Directors of
167
Khyati Ispat
(ICAI Firm Reg.
Private
No.322337E)
Limited
Chartered
Accountants
BASANT
RAY SAHAB BABITA
KUMAR
SINGH AGRAWAL
AGRAWAL
Proprietor Director Director
Membership
No.056261
Place : Raipur
Date :
18.08.2017
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of accounting policies, change in accounting policies and
ATTACHED ATTACHED
changes in estimates explanatory [TextBlock]
Disclosure of general information about company [TextBlock] ATTACHED ATTACHED
Disclosure of accounting policies explanatory [TextBlock] ATTACHED ATTACHED
Changes in accounting estimate and accounting policy explanatory
ATTACHED ATTACHED
[TextBlock]
Nature of changes in accounting estimate ATTACHED ATTACHED
Amount of changes in accounting estimate having material effect in
0 0
current period
Amount of changes in accounting estimate having material effect in
0 0
subsequent period
Description of fact that change in estimate is not quantifiable ATTACHED ATTACHED
Description of change in accounting policy ATTACHED ATTACHED
New policy of accounting ATTACHED ATTACHED
Old policy of accounting ATTACHED ATTACHED
Reason for changing accounting policies ATTACHED ATTACHED
Description of impact of and adjustments resulting from change in
ATTACHED ATTACHED
accounting policy
Description of fact that effect of change in accounting policy is
ATTACHED ATTACHED
not ascertainable
Description of fact that fundamental accounting assumption is not followed ATTACHED ATTACHED
168
[200900] Notes - Events occurring after balance sheet date

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of events occurring after balance sheet date explanatory
ATTACHED ATTACHED
[TextBlock]
[201700] Notes - Government grants

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on government grants explanatory [TextBlock] ATTACHED ATTACHED
Accounting policy adopted for government grants [TextBlock] ATTACHED ATTACHED
Nature and extent of government grants recognised in financial statements ATTACHED ATTACHED
Details of grants of non monetary assets given at concessional rate or
ATTACHED ATTACHED
free of cost
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0
[202300] Notes - Amalgamation

01/04/2017
to
31/03/2018
Disclosure of notes on amalgamations explanatory [TextBlock] ATTACHED
Description of amalgamation effected after balance sheet date ATTACHED
169
[201200] Notes - Employee benefits

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of employee benefits explanatory [TextBlock] [See below] [See below]
Description of fact that multi-employer plan is defined benefit
ATTACHED ATTACHED
plan but accounted as defined contribution plan
Description of reason why sufficient information is not
available to account for multi-employer plan as defined benefit ATTACHED ATTACHED
plan
Description of information about surplus or deficit of multi-employer
ATTACHED ATTACHED
plan
Description of basis used to determine surplus or deficit of
ATTACHED ATTACHED
multi-employer plan
Description of implications of surplus or deficit on multi-employer
ATTACHED ATTACHED
plan for enterprise
Information about related party transactions with post-employment
ATTACHED ATTACHED
benefit plans
Description of nature of obligation termination benefits contingent
ATTACHED ATTACHED
liability
Description of nature of termination benefits expense ATTACHED ATTACHED
Termination benefits expense 0 0
Amount recognised as expense for defined contribution plans 0 0
170
Disclosure of employee benefits explanatory [Text Block]
KHYATI ISPAT
PRIVATE LIMITED
Notes to financial
statements for the
year ended 31st
March, 2018
Cost of raw material

19. and components 2018 2017
consumed
Rs.
Inventory at the
beginning of the 47,22,16,750 45,86,43,662
year
Add: purchases
including
procurement 2,23,61,83,493 1,80,22,95,546
expenses (Net of
Disposal)
2,70,84,00,243
Less : Inventory at
42,95,17,117 47,22,16,750
the end of the year

and components 2,27,88,83,126 1,78,87,22,458
consumed
Details of raw
material and
2018 2017
components
consumed
Rs.
171
Billets / Blooms 2,27,88,83,126
2,27,88,83,126
Details of Inventory 2018
Rs.
Raw Material and

Components
Billets & Blooms 42,95,17,117
42,95,17,117
(Increase)/Decrease
20.
in Inventories
2018 2017
Rs. Rs.
Inventories at the
end of the year
Finished goods 16,13,30,387 13,57,99,406
Traded goods 10,15,894 98,80,758
Miss Roll/End
1,10,51,621 71,24,185 (39,27,43
Cut/Mill Scale
172
17,33,97,902 15,28,04,348
Inventories at the
beginning of the 2017
year
Finished goods 13,57,99,406 16,06,48,002
Traded goods 98,80,758 19,57,350
Stock-in-process - 1,07,943
Miss Roll/End
71,24,185 24,03,481 (47,20,70
Cut/Mill Scale
15,28,04,348 16,51,16,776
Net
(increase)/decrease (2,05,93,554) 1,23,12,428
in inventories
Employee benefits
21. 2018 2017
expenses
Rs.
Salaries, wages and

5,57,61,803 4,65,58,89
bonus
Contribution to
various funds
Provident Fund 25,05,721
ESIC 16,84,459
Gratuity Expenses 3,51,640
173
Staff welfare
8,35,692
expenses
6,11,39,315
174
Disclosure of employee benefits explanatory [Text Block]
KHYATI ISPAT
PRIVATE LIMITED
Notes to financial
statements for the
year ended 31st
March, 2017

20. and components 2017 2016
consumed
Inventory at the
beginning of the
458,643,662 695,882,076
year
Add: purchases
including
procurement
1,802,295,546 2,059,576,075
expenses (Net of
Disposal)
2,260,939,208
Less : Inventory at
the end of the year 472,216,750 458,643,662

and components
1,788,722,458 2,296,814,489
consumed
Details of raw
material and
2017 2016
components
consumed
Billets & Blooms

1,788,722,458
1,788,722,458
Details of Inventory 2017
Raw Material and

Components
Billets & Blooms

472,216,750
175
472,216,750
(Increase)/Decrease
21.
in Inventories
Bitmap
2017 2016 Bitmap
r r
Inventories at the
end of the year
Finished goods
135,799,406 160,648,002
Traded goods
9,880,758 1,957,350
-
Stock-in-process
107,943
Scrap
7,124,185 2,403,481
152,804,348 165,116,776
Inventories at the
beginning of the 2016
year
Finished goods
160,648,002 164,683,521
Traded goods
1,957,350 4,286,117
Stock-in-process
107,943 419,811
Scrap
2,403,481 4,182,131
165,116,776 173,571,580
Net
(increase)/decrease
12,312,428 8,454,804
in inventories
Employee benefits
22. 2017 2016
expenses
Salaries, wages and

bonus 46,558,899 28,429,286
Contribution to
176
various funds
Provident Fund
2,178,922
ESIC
1,223,738
Gratuity Expenses
4,505,132
Staff welfare
expenses 780,079
55,246,770
177
[300400] Notes - Employee share-based payments

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on employee share-based payment arrangements explanatory
ATTACHED ATTACHED
[TextBlock]
Disclosure of terms and conditions of employee share-based payment
ATTACHED ATTACHED
arrangement explanatory [TextBlock]
Disclosure of number and weighted average exercise prices of stock
ATTACHED ATTACHED
options explanatory [TextBlock]
Disclosure of number and weighted average remaining contractual life
ATTACHED ATTACHED
of outstanding stock options explanatory [TextBlock]
Disclosure of fair value of employee stock options granted during period
ATTACHED ATTACHED
explanatory [TextBlock]
Weighted average fair value at grant date stock options granted 0 0
Information about how fair value was measured stock options granted ATTACHED ATTACHED
Description of option pricing model stock options granted ATTACHED ATTACHED
Description of inputs to option pricing model stock options granted ATTACHED ATTACHED
Weighted average share price stock options granted 0 0
Exercise price stock options granted 0 0
Description of expected volatility stock options granted ATTACHED ATTACHED
Description of option life stock options granted ATTACHED ATTACHED
Expected dividend stock options granted 0 0
Description of risk free interest rate stock options granted ATTACHED ATTACHED
Description of other inputs to options pricing model stock
ATTACHED ATTACHED
options granted
Description of method used and assumptions made to
incorporate effects of expected early exercise stock ATTACHED ATTACHED
options granted
Information about how expected volatility was determined stock
ATTACHED ATTACHED
options granted
Information whether and how other features were incorporated
ATTACHED ATTACHED
into measurement of fair value stock options granted
Disclosure of measurement of fair value of other instruments granted
ATTACHED ATTACHED
during period explanatory [TextBlock]
Number of instruments other instruments granted [pure] 0 [pure] 0
Weighted average fair value at grant date other instruments granted 0 0
Information how fair value was measured other instruments granted ATTACHED ATTACHED
Information about how fair value was determined if not on basis
ATTACHED ATTACHED
of observable market other instruments granted
Information whether and how expected dividends were
incorporated into measurement of fair value other instruments ATTACHED ATTACHED
granted
Information whether and how other features were incorporated
ATTACHED ATTACHED
into measurement of fair value other instruments granted
Disclosure of employee share-based payment arrangements modified during
ATTACHED ATTACHED
period explanatory [TextBlock]
Explanation of modifications modified employee share-based payment
ATTACHED ATTACHED
arrangements
Incremental fair value granted modified employee share-based payment
0 0
arrangements
Information on how incremental fair value granted was measured
ATTACHED ATTACHED
modified employee share-based payment arrangements
Explanation of effect of employee share-based payments on profit or loss ATTACHED ATTACHED
Expense from employee share-based payment transactions in which
0 0
services received did not qualify for recognition as assets
Expense from equity settled employee share-based payment
transactions in which services received did not qualify for 0 0
recognition as assets
Explanation of effect of employee share-based payments on financial
ATTACHED ATTACHED
positions
Carrying amount of liabilities from employee share-based payment
0 0
transactions
178
Intrinsic value of liabilities from employee share-based

payment transactions for which employee right to cash or other 0 0
assets vested by period end
[201800] Notes - Borrowing cost

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on borrowing costs explanatory [TextBlock] ATTACHED ATTACHED
Accounting policy adopted for borrowing costs ATTACHED ATTACHED
Borrowing costs capitalised 0 0
[201300] Notes - Segments

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of enterprise's reportable segments explanatory [TextBlock] [See below] [See below]
Description of fact that there is only one business segment and one
ATTACHED ATTACHED
geographic segment
Description of basis of accounting and changes in basis for transactions
ATTACHED ATTACHED
between reportable segments
Nature of changes from prior periods in accounting policies on reported
ATTACHED ATTACHED
segment
Financial effect of changes from prior periods in accounting policies
ATTACHED ATTACHED
on reported segment
179
Disclosure of enterprise's reportable segments explanatory [Text Block]
KHYATI ISPAT
PRIVATE LIMITED
Notes to financial
statements for the
year ended 31st
March, 2018
Cash and bank

15. Current
balances
2018 2017
Rs. Rs.
Cash and cash

equivalents
Balances with banks:
On current accounts 2,84,566 31,166
Cash in hand 4,88,743 10,74,009
7,73,309 11,05,175
7,73,309 11,05,175
16. Other assets
Non
Current
Current
180
2018 2017 2018 2017
Rs. Rs. Rs. Rs.
Unsecured,
considered good
unless stated
otherwise
Others
Interest accrued - - 3,08,955 3,09,690
Others Receivables 29,84,518 33,76,978 7,36,503 4,71,754
29,84,518 33,76,978 10,45,458 7,81,444
Revenue from
17. 2018 2017
operations
Rs. Rs.
Revenue from
operations
Sale of products
Finished Goods 2,83,08,98,058 2,55,58,29,938
Traded Goods 46,91,59,959 33,05,43,773
Other operating
revenues
Sale of Miss Roll/End

62,52,716 50,69,054
Cut/Mill Scale
181
Job Work Receipts
- Rolled Products - 29,65,230
- Fabrication - 9,67,433
Revenue from
3,30,63,10,733 2,89,53,75,428
operations (gross)
Less: Excise duty# (10,56,96,253) (28,78,64,112)
Revenue from
3,20,06,14,480 2,60,75,11,316
operations (net)
# Excise duty on
sales amounting to
Rs. 105696253/-
(31st March, 2017:
Rs. 287864112/- )
has been reduced
from sale in profit &
loss account.
# Excise duty on
increase/decresae in
stock amounting to
Rs. 15887310/- (31st
March,2017: Rs.
2235569/-) has been
considered as
(income)/expense in
note 24 of financial
statements. Due to
introduction on GST
there is no implication
of excise duty in
closing stock as on
31st March 2018.
Details of products
2018 2017
sold
Rs. Rs.
182
Finished Goods and

by-products Sold (Net
of Excise)
MS Angles 2,38,26,30,265 1,94,55,50,182
MS Channels 19,24,54,751 14,98,71,967
TMT Bar 26,62,396 4,05,588
MS Flats 1,66,93,486 1,60,10,125
MS Round 49,05,091 1,25,05,338
Joist / Beam 3,88,67,582 6,55,42,028
Others 9,32,40,950 8,31,49,652
2,73,14,54,521 2,27,30,34,880
Traded Goods Sold
MS Angles 73,90,526 2,74,29,534
MS Channels 73,14,025 50,19,441
TMT Bar 3,77,425 1,19,357
MS Flats 21,42,527 1,84,292
MS Round in Coil 37,22,771 22,06,28,741
Joist / Beam 58,25,140 58,24,264
Plates 3,67,06,421 3,37,65,774
183
Rails 63,38,200 1,60,12,312
Billet/Bloom 15,15,11,910 -
Miss Roll/End Cut/Mill

24,46,79,919 1,53,38,094
Scale
Others 31,51,095 62,21,964
46,91,59,959 33,05,43,773
Details of services
rendered
Job Work & Other

- 39,32,663
Services
- 39,32,663
3,20,06,14,480 2,60,75,11,316
18. Other Income 2018 2017
Rs. Rs.
Interest Income on
Bank Deposits 5,19,835 10,36,578
Others - 3,13,20,115
Profit on sale of
non-current - 4,17,436
Investments
Profit on sale of fixed

- 59,978
assets
184
Transporting
- 36,49,916
differences
Other non-operating
- 58,810
income
5,19,835 3,65,42,833
185
Disclosure of enterprise's reportable segments explanatory [Text Block]
KHYATI ISPAT
PRIVATE
LIMITED
Notes to financial
statements for the
year ended 31st
March, 2017
Cash and bank

16. Current
balances
2017 2016
r r
Cash and cash

equivalents
Balances with
banks:
On current
accounts 31,166 143,181
Cash in hand
1,074,009 2,015,629
1,105,175 2,158,810
1,105,175 2,158,810
17. Other assets
Non
Current
Current
2017 2016 2017 2016
r r r r
Unsecured,
considered good
unless stated
otherwise
Margin money
deposit:
More than 12
months - 12,640,000 - -
Others
186
Interest accrued - - 309,690 787,948
Others
Receivables 3,376,978 4,164,970 471,754 -
3,376,978 16,804,970 781,444 787,948
Revenue from
18. 2017 2016
operations
r r
Revenue from
operations
Sale of products
Finished Goods
2,555,829,938 3,197,050,951
Traded Goods
330,543,773 275,566,096
Other operating
revenues
Sale of scrap 5,069,054 11,293,825
Job Work
Receipts
- Rolled
2,965,230 9,968,208
Products
- Fabrication 967,433 4,787,000
Revenue from
3,498,666,080
operations (gross) 2,895,375,428
Less: Excise
(287,864,112) (368,185,125)
duty#
Revenue from
2,607,511,316 3,130,480,955
operations (net)
# Excise duty on
sales amounting
to
Rs.28,78,64,112/-
(31st March,
2016:
Rs.36,81,85,125/-
) has been
reduced from sale
in profit & loss
account and
excise duty on
increase/decresae
in stock
amounting to Rs.
22,35,569/- (31st
March,2016:
Rs.6,51,286/-)
has been
considered as
187
(income)/expense
188
in note 25 of
financial
statements.
Details of
2017 2016
products sold
j j
Finished Goods
and by-products
Sold (Net of
Excise)
MS Angles 1,945,550,182 2,091,329,787
MS Channels 149,871,967 260,055,635
TMT Bar 405,588 110,137,131
MS Flats 16,010,125 34,148,274
MS Round 12,505,338 21,119,379
Joist / Beam 65,542,028 231,225,686
By-Products &
83,149,652 92,143,759
Others
2,273,034,880 2,840,159,651
Traded Goods
Sold
MS Angles 27,429,534 5,769,704
MS Channels 5,019,441 20,165,970
TMT Bar 119,357 365,664
MS Flats 184,292 73,144
Joist / Beam 5,824,264 13,542,351
MS Round in Coil 220,628,741 190,157,232
Plates 33,765,774 29,467,984
Rails 16,012,312 3,069,732
Others 21,560,058 12,954,315
330,543,773 275,566,096
Details of services
rendered
Job Work & Other

3,932,663 14,755,208
Services
3,932,663 14,755,208
2,607,511,316 3,130,480,955
189
19. Other Income 2017 2016
r r
Interest Income
on
Bank Deposits
1,036,578 927,835
Others
31,320,115 13,024,371
Profit on sale of
non-current
417,436 -
Investments
Profit on sale of
fixed assets 59,978 361,065
Transporting
differences 3,649,916 -
Other
non-operating
58,810 567,306
income
36,542,833 14,880,577
190
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] Column 1 Column 2
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of relationship and transactions between
related parties [Abstract]
related parties [LineItems]
SHRI ASHUTOSH SHRI ASHUTOSH
VIRENDRA VIRENDRA
Name of related party STRUCTURES PRIVATE STRUCTURES PRIVATE
AGRAWAL AGRAWAL
LIMITED LIMITED
Country of incorporation or residence of related
party
Permanent account number of related party AADCM4817F AADCM4817F ACJPA4921B ACJPA4921B
CIN of related party U40109CT2002PTC015421 U40109CT2002PTC015421
Enterprises which are Enterprises which are
owned, or have significant owned, or have significant Relatives of Key
Key Management
Description of nature of related party relationship influence of or are partners influence of or are partners management
Personnel
with Key management with Key management personnel
personnel and their relatives personnel and their relatives
Description of nature of transactions with related
NA TURNOVER EXPENDITURE EXPENDITURE
party
Related party transactions [Abstract]
Purchases of goods related party transactions 0 0 0 0
Purchases of tangible assets related party
0 0
transactions
Leases as lessor related party transactions 40,500 40,500
Advances taken during year related party
0 0
transactions
Services received from management contracts 0 0
Revenue from services rendered through
0 0
management contracts
Other related party transactions expense 0 0
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 0 0
Amount written off during period in respect
0 0 0 0
of debts due from related parties
Amount written back during period in respect
0 0 0 0
of debts due to related parties
191

01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
KUNDAN LAL KUNDAN LAL B A S A N T BASANT
Name of related party AGRAWAL AGRAWAL AGRAWAL AGRAWAL
party
Permanent account number of related party ACJPA2376G ACJPA2376G ACIPA5940K ACIPA5940K
Relatives of Key Relatives of Key
Key Management Key Management
Description of nature of related party relationship management management
Personnel Personnel
personnel personnel
Description of nature of transactions with related EXPENDITURE & EXPENDITURE &
EXPENDITURE EXPENDITURE
party REMUNERATION REMUNERATION
Leases as lessor related party transactions 9,700 9,700 46,200 18,000
Other related party transactions expense 0 0
[Abstract]
Remuneration for key managerial personnel 24,00,000 24,00,000
0 0 0 0
0 0 0 0

01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
OMPRAKASH OMPRAKASH BABITA
Name of related party AGRAWAL AGRAWAL AGRAWAL
BABITA AGRAWAL

party
Permanent account number of related party ACJPA2375F ACJPA2375F ACJPA2377H ACJPA2377H
Relatives of Key Relatives of Key
Key Management Relatives of Key
Description of nature of related party relationship management management
Personnel management personnel
personnel personnel
EXPENDITURE EXPENDITURE REMUNERATION REMUNERATION
party
[Abstract]
Remuneration for key managerial personnel 24,00,000 24,00,000
0 0 0 0
0 0 0 0
192

01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
MAMTA MAMTA KRISHNA KRISHNA
Name of related party AGRAWAL AGRAWAL AGRAWAL AGRAWAL
party
Permanent account number of related party AFZPA7746P AFZPA7746P AFZPA7747N AFZPA7747N
Relatives of Key Relatives of Key Relatives of Key Relatives of Key
Description of nature of related party relationship management management management management
personnel personnel personnel personnel
EXPENDITURE EXPENDITURE EXPENDITURE EXPENDITURE
party
Other related party transactions income 0 0
0 0 0 0
0 0 0 0

01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
ANMOL ANMOL KHYATI INFRACON KHYATI INFRACON
Name of related party AGRAWAL AGRAWAL PRIVATE LIMITED PRIVATE LIMITED
party
Permanent account number of related party AWAPA2079B AWAPA2079B AABCC3989L AABCC3989L
CIN of related party U51109WB1995PTC072921 U51109WB1995PTC072921
Relatives of Key Relatives of Key owned, or have significant owned, or have significant
Description of nature of related party relationship management management influence of or are partners influence of or are partners
personnel personnel with Key management with Key management
EXPENDITURE EXPENDITURE EXPENDITURE EXPENDITURE
party
Services received related party transactions 22,40,000 7,20,000
Outstanding balances for related party
transactions [Abstract]
Share application money received from related
0 0
party
0 0 0 0
0 0 0 0
193

Categories of related parties [Axis] Column 11
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of relationship and transactions between related parties [Abstract]
Disclosure of relationship and transactions between related parties [LineItems]
Manglam Alloys & Ispat Manglam Alloys & Ispat
Name of related party Private Limited Private Limited
Country of incorporation or residence of related party INDIA INDIA
Permanent account number of related party AAICS6022P AAICS6022P
CIN of related party U51909CT2004PTC021978 U51909CT2004PTC021978
owned, or have significant owned, or have significant
Description of nature of related party relationship influence of or are partners influence of or are partners
with Key management with Key management
Description of nature of transactions with related party NA TURNOVER
Purchases of goods related party transactions 0 0
Revenue from services rendered through management contracts 0 0
Amount written off during period in respect of debts due from related parties 0 0
Amount written back during period in respect of debts due to related parties 0 0

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on related party explanatory [TextBlock] [See below] [See below]
Whether there are any related party transactions during year Yes Yes
Whether company is subsidiary company No No
194
Disclosure of notes on related party explanatory [Text Block]
KHYATI ISPAT
PRIVATE LIMITED
Notes to financial
statements for the
year ended 31st
March, 2018
Depreciation
22. 2018 2017
expenses
Rs. Rs.
Depreciation on
4,17,01,745 3,74,57,822
tangible assets
4,17,01,745 3,74,57,822
23. Finance Costs 2018 2017
Rs. Rs.
Interest
- on term loans 39,547 1,71,016
- on working capital 7,01,34,621 7,88,69,261
- on others 3,82,786 -
Bank charges 4,83,26,479 3,65,38,652
11,88,83,433 11,55,78,929
195
Operating and
24. 2018 2017
Other Expenses
Rs. Rs.
Consumption of
8,46,58,167 7,01,54,197
stores and spares
(Increase)/decrease
of excise duty on (1,58,87,310) (22,35,569)
inventory
Commission
98,22,743 6,59,93,117
Expenses
Power & Fuel 3,62,51,683 3,87,36,303
Job work charges 18,76,805 72,78,715
Printing and
2,83,778 2,58,257
stationary
Rent, Rates and

27,36,706 44,82,711
taxes
Insurance 13,43,426 14,11,485
Sundry balances
5,42,291 32,46,832
written off
Corporate social
28,22,000 25,68,000
responsibility
Donations 1,30,903 7,69,156
Repairs and
maintenance
196
- to Plant and 23,56,936 90,00,497

Machinery
- to Others 1,49,861 1,93,566
Travelling and
28,70,219 12,60,070
conveyance
Communication
3,52,372 1,69,362
Expenses
Legal and
70,17,486 49,24,246
professional fees
Loss on Sale of
44,78,751 -
Fixed Assets
Payment to Auditor
(Refer details 3,00,000 3,00,000
below)
Remuneration to
48,00,000 48,00,000
Director
Freight
- Inward
1,90,11,620 2,63,70,395
Transportation
- Outward
3,05,53,298 4,49,677
Transportation
Miscellaneous
8,45,032 7,41,449
expenses
19,73,16,766 24,08,72,466
Payment to Auditor 2018 2017
Rs. Rs.
197
As auditor :
Audit fee 3,00,000 3,00,000
3,00,000 3,00,000
Earnings per share

25. 2018 2017
(EPS)
Rs. Rs.
Net profit/(Loss) as
per statement of 5,51,34,490 4,30,85,113
profit and loss
Net profit/(Loss)
attributable to 5,51,34,490 4,30,85,113
Equity Share holder
Nominal Value of
10.00 10.00
Equity Shares
Weighted average
number of equity
shares in 1,52,86,240 1,52,86,240
calculating Basic
EPS
Weighted average
number of equity
shares in 1,52,86,240 1,52,86,240
calculating Diluted
EPS
Basic & Diluted

EPS
- Basic earning per

3.61 2.82
share
- Diluted earning
198
per share 3.61 2.82
Related party
26.
Disclosures:
Related parties and

nature of
relationship where
control exists:-
Key Managerial Associate

Personnel: companies:
Khyati
Mr. Basant Kumar Infracon
Agrawal (Director) Private
Limited
Sampurn
Mrs. Babita Impex
Limited
Relatives of Key
Managerial
Personnel:
Mr. Virendra
Mr. Kundan Lal
Kumar
Agrawal
Agrawal
Mrs. Krishna Mrs. Mamta

Agrawal Agrawal
Basant
Mr. Omprakash Kumar
Agrawal Agrawal &
Sons HUF
Mr. Dulichand
Agrawal
Mr. Anmol Agrawal
199
Transactions with
related Parties
Relatives of
Key
Key
Transactions Managerial
Managerial
Personnel
Personnel
2017-18 2016-17 2017-18 2016-17
Payment for Lease

31,700 31,700 72,200 90,200
Rent
Payment of Office
18,000 18,000 18,000 18,000
Rent
Director
48,00,000 48,00,000 - -
Remuneration
Purchases - - - 11,90,000
Professional
- - 22,40,000 7,20,000
Charges Paid
48,49,700 48,49,700 23,30,200 20,18,200
( Amount in
Rs. )
Particulars of
Material 2018 2017
Transactions
With Key
Management
Personnel:
Lease Rent :-
200
Mr. Basant Kumar 28,200 28,200

Agrawal
Mrs. Babita
3,500 3,500
Agrawal
Rent :-
Mr. Basant Kumar

18,000 18,000
Agrawal
Directors
Remuneration :-
Mr. Basant Kumar

24,00,000 24,00,000
Agrawal
Mrs. Babita
24,00,000 24,00,000
Agrawal
Relative with Key

Management
Personnel:
Lease Rent :-
Mr. Virendra Kumar

40,500 40,500
Agrawal
Mr. Kundan Lal

9,700 9,700
Agrawal
Mr. Omprakash
11,200 11,200
Agrawal
Mrs. Krishna
1,200 1,200
Agrawal
Mrs. Mamta
8,400 26,400
Agrawal
201
Basant Kumar
Agrawal & Sons 1,200 1,200
(HUF)
Professional
Charges :-
Mr. Anmol Agrawal 22,40,000 7,20,000
Commission
Expenses :-
Mr. Kundan Lal

31,80,180 -
Agrawal
Mr. Dulichand
29,12,070 -
Agrawal
Purchases
Vimal Prakash
- 4,50,000
Road Carriers
Khyati Steels - 7,40,000
1,32,54,150 68,49,900
202
Disclosure of notes on related party explanatory [Text Block]
KHYATI ISPAT
PRIVATE LIMITED
Notes to financial
statements for the
year ended 31st
March, 2017
Depreciation
23. 2017 2016
expenses
r r
Depreciation on
tangible assets 37,457,822 46,913,287
37,457,822 46,913,287
24. Finance Costs 2017 2016
r r
Interest
- on term loans
171,016 335,088
- on working capital
78,869,261 86,828,426
Bank charges
36,538,652 26,741,577
115,578,929 113,905,091
Operating and Other

25. 2017 2016
Expenses
r r
Consumption of
stores and spares 70,154,196 94,855,185
(Increase)/decrease
of excise duty on
(2,235,569) (651,286)
inventory
Commission
Expenses 65,993,117 1,144,281
Power & Fuel

38,736,303 37,762,154
Job work charges

7,278,715 103,892,285
203
Printing and
stationary 258,257 337,645
Rent, Rates and

taxes 4,482,711 1,698,201
Insurance
1,411,485 391,776
Sundry balances
written off 3,246,832 340,574
Corporate social
responsibility 2,568,000 -
Donations
769,156 205,100
Repairs and
maintenance
- to Plant and
Machinery 9,000,497 7,505,679
- to Others
193,566 45,450
Travelling and
conveyance 1,260,070 846,206
Communication
Expenses 169,362 648,562
Legal and
professional fees 4,924,246 2,767,667
Payment to Auditor
(Refer details below) 300,000 300,000
Remuneration to
Director 4,800,000 2,400,000
Freight
26,370,395 46,579,597
Miscellaneous
expenses 1,191,126 882,909
240,872,466 301,951,985
Payment to Auditor 2017 2016
r r
As auditor :
Audit fee
300,000 300,000
300,000 300,000
Earnings per share

26. 2017 2016
(EPS)
r r
204
Net profit/(Loss) as
per statement of
43,085,114 51,609,521
profit and loss
Net profit/(Loss)
attributable to Equity
43,085,114 51,609,521
Share holder
Nominal Value of
Equity Shares 10.00 10.00
Weighted average
number of equity
shares in calculating 15,286,240 15,286,240
Basic EPS
Weighted average
number of equity
shares in calculating 15,286,240 15,286,240
Diluted EPS
Basic & Diluted EPS
- Basic earning per

share 2.82 3.38
- Diluted earning per

share 2.82 3.38
Related party
27.
Disclosures:
Related parties and

nature of relationship
where control exists:-
Key Managerial Associate

Personnel: companies:
Khyati
Mr. Basant Kumar Infracon
Limited
Sampurn
Mrs. Babita Agrawal Impex
(Director) Private
Limited
Relatives of Key
Managerial
Personnel:
Mr.
Mr. Kundan Lal Virendra
Agrawal Kumar
Agrawal
Mrs.
Mrs. Krishna Agrawal Mamta
Agrawal
Basant
205
Mr. Omprakash Kumar

Agrawal Agrawal &
Sons HUF
Mr. Anmol Agrawal
Transactions with
related Parties
Key
managerial Other
Transactions Person and Related
their Parties
relatives
2016-17 2015-16 2016-17 2015-16
Payment for Lease

31,700 31,700
Rent 90,200 90,200
Payment of Office
18,000 18,000
Rent 18,000 18,000
Director -
4,800,000 2,400,000
Remuneration -
Purchases - -
1,190,000 7,501,452
Professional
- -
Charges Paid 720,000 480,000
( Amount in
Rs` )
Particulars of
Material 2017 2016
Transactions
With Key
Management
Personnel:
Lease Rent :-
Mr. Basant Kumar

Agrawal 28,200 28,200
Mrs. Babita Agrawal

3,500 3,500
Rent :-
Mr. Basant Kumar

Agrawal 18,000 18,000
Directors
Remuneration :-
Mr. Basant Kumar

Agrawal 2,400,000 1,500,000
206
Mrs. Babita Agrawal

2,400,000 900,000
Relative with Key

Management
Personnel:
Lease Rent :-
Mr. Virendra Kumar

Agrawal 40,500 40,500
Mr. Kundan Lal

Agrawal 9,700 9,700
Mr. Omprakash
Agrawal 11,200 11,200
Mrs. Krishna Agrawal

1,200 26,400
Mrs. Mamta Agrawal

26,400 1,200
Basant Kumar
Agrawal & Sons
1,200 1,200
(HUF)
Professional
Charges :-
Mr. Anmol Agrawal

720,000 480,000
Purchases
Vimal Prakash Road

Carriers 450,000 -
Khyati Steels
740,000 7,501,452
207
[201400] Notes - Leases

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of leases explanatory [TextBlock] ATTACHED ATTACHED
Contingent rents recognised as expense classified as finance lease 0 0
Expected future minimum sublease payments receivable under non
0 0
cancellable subleases, classified as finance lease
Description of basis on which contingent rent payments are
ATTACHED ATTACHED
determined for finance lease
Description of existence and terms of renewal or purchase
ATTACHED ATTACHED
options and escalation clauses for finance lease
Description of restrictions imposed by lease arrangements for
ATTACHED ATTACHED
finance lease
Expected future minimum sublease payments receivable under non
0 0
cancellable subleases, classified as operating lease
Minimum lease payments recognised as expense, classified as
0 0
operating lease
Contingent rents recognised as expense, classified as operating
0 0
lease
Total lease payments recognised as expense 0 0
Sublease payments received or receivable recognised in
0 0
statement of profit or loss, classified as operating lease
Description of basis on which contingent rent payments are
ATTACHED ATTACHED
determined for operating lease
Description of existence and terms of renewal or purchase
ATTACHED ATTACHED
options and escalation clauses for operating lease
Description of restrictions imposed by lease arrangements for
ATTACHED ATTACHED
operating lease
Unguaranteed residual values accruing to benefit of lessor 0 0
Accumulated provision for uncollectible minimum lease payments
0 0
receivable
Contingent rents recognised as income classified as finance lease 0 0
Description of significant leasing arrangements by lessor
ATTACHED ATTACHED
classified as finance lease
Description of accounting policy adopted in respect of
ATTACHED ATTACHED
initial direct cost by lessor classified as finance lease
Contingent rents recognised as income classified as operating lease 0 0
Description of significant leasing arrangements by lessor
ATTACHED ATTACHED
classified as operating lease
Description of accounting policy adopted in respect of
ATTACHED ATTACHED
initial direct cost by lessor classified as operating lease
Whether any operating lease has been converted to financial lease or
No No
vice-versa
208
[300300] Notes - Earnings per share

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of earnings per share explanatory [TextBlock] ATTACHED ATTACHED
Weighted average shares and adjusted weighted average shares [Abstract]
Basic weighted average shares [shares] 1,52,86,240 [shares] 1,52,86,240
Adjusted weighted average shares [shares] 1,52,86,240 [shares] 1,52,86,240
Diluted weighted average shares [shares] 1,52,86,240 [shares] 1,52,86,240
Adjustments of numerator to calculate basic earnings per share [Abstract]
Profit (loss) for period 5,51,34,490 4,30,85,114
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Profit (loss) for period 5,51,34,490 4,30,85,114
Additional disclosure of equity share transactions after balance sheet
date [Abstract]
Description of issue of shares for cash ATTACHED ATTACHED
Description of issue of shares when proceeds are used to repay debt ATTACHED ATTACHED
Description of issue of shares when proceeds are used to repay
ATTACHED ATTACHED
preference shares outstanding at balance sheet date
Description of cancellation of equity shares outstanding at balance
ATTACHED ATTACHED
sheet date
Description of conversion or exercise of potential equity
ATTACHED ATTACHED
shares, outstanding at balance sheet date into equity shares
Description of issue of warrants, options or convertible securities ATTACHED ATTACHED
Description of satisfaction of conditions that would result in issue
ATTACHED ATTACHED
of contingently issuable shares
[202800] Notes - Subsidiary information

01/04/2017
to
31/03/2018
Disclosure of subsidiary information explanatory [TextBlock] ATTACHED
Whether company has subsidiary companies No
Whether company has subsidiary companies which are yet to commence
No
operations
Whether company has subsidiary companies liquidated or sold during year No
209
[201900] Notes - Income taxes

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on income taxes explanatory [TextBlock]
Disclosure of breakup of deferred tax assets and deferred tax liabilities
[Abstract]
Components of deferred tax assets [Abstract]
Deferred tax asset, employee benefits 1,16,263 14,89,532
Deferred tax asset, expenditure disallowances 0 0
Deferred tax asset, depreciation 0 0
Deferred tax asset, provision doubtful debts 0 0
Deferred tax asset, sundry debtors 0 0
Deferred tax asset, unabsorbed depreciation 0 0
Deferred tax asset, unrealised carried forward losses 0 0
Deferred tax asset, VRS payment 0 0
Deferred tax in respect of business combinations 0 0
Deferred tax asset, other 0 0
Total deferred tax assets 1,16,263 14,89,532
Components of deferred tax liabilities [Abstract]
Deferred tax liability, depreciation 1,95,61,701 1,99,65,986
Deferred tax liability, export incentives 0 0
Deferred tax liability, investments 0 0
Deferred tax liability, provision doubtful debts 0 0
Deferred tax liability, provision employee benefits 0 0
Deferred tax liability, provision expenses 0 0
Deferred tax liability, technical know-how fees 0 0
Deferred tax liability, other -51,07,628 10,85,247
Total deferred tax liabilities 1,44,54,073 2,10,51,233
Description of nature of evidence supporting recognition of
deferred tax assets when enterprise has unabsorbed ATTACHED ATTACHED
depreciation or carry forward of losses
Details of adjustments of deferred tax asset [Abstract]
Adjustments of deferred tax asset against general reserve where
0 0
approved by court
Adjustments of deferred tax asset against securities premium where
0 0
approved by court
[202400] Notes - Investments in associates

01/04/2017
to
31/03/2018
Disclosure of notes on investment in associates explanatory [TextBlock] ATTACHED
Whether company has invested in associates No
Whether company has associates which are yet to commence operations No
Whether company has associates liquidated or sold during year No
210
[202500] Notes - Financial reporting of interests in joint ventures

01/04/2017
to
31/03/2018
Disclosure of notes on interests in joint ventures explanatory [TextBlock] ATTACHED
Whether company has invested in joint ventures No
Contingent liabilities incurred by venturer in relation to interests
0
in joint ventures
Share of contingent liabilities incurred jointly with other venturers 0
Share of contingent liabilities of joint ventures themselves 0
Contingent liabilities for which venturer is contingently liable for
0
liabilities of other venturers
Total contingent liabilities related to joint ventures 0
Capital commitments of venturer in relation to interests in joint
0
ventures
Share of capital commitments incurred jointly with other venturers 0
Share of capital commitments of joint ventures themselves 0
Disclosure of interests in significant joint ventures explanatory
ATTACHED
[TextBlock]
Details of not following uniform accounting policies by joint ventures
ATTACHED
Details of proportions of items for which different accounting
ATTACHED
policies followed by joint venture explanatory [TextBlock]
Whether company has joint ventures which are yet to commence operations No
Whether company has joint ventures liquidated or sold during year No
[202000] Notes - Discontinuing operations

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on discontinuing operations explanatory [TextBlock] ATTACHED ATTACHED
[201500] Notes - Impairment

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of impairment of assets explanatory [TextBlock] ATTACHED ATTACHED
Disclosure of impairment loss and reversal of impairment loss explanatory
ATTACHED ATTACHED
[TextBlock]
Disclosure of impairment of assets in primary segment disclosure format
ATTACHED ATTACHED
Explanation of impairment loss recognised or reversed by class of
ATTACHED ATTACHED
assets and by reportable segment
Explanation of main classes of assets affected by
impairment losses or reversals of impairment losses for ATTACHED ATTACHED
which no disclosure is made under para 121 of AS 28
Explanation of main events and circumstances that
let to recognition of these impairment losses or
ATTACHED ATTACHED
reversals of impairment losses for which no
disclosure is made under para 121 of AS 28
Description of key assumptions used to determine recoverable amounts
ATTACHED ATTACHED
of assets or cash generating units
211
[202100] Notes - Other provisions, contingent liabilities and contingent assets

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on other provisions, contingent liabilities and Textual information (21) Textual information (22)
contingent assets explanatory [TextBlock] [See below] [See below]
Disclosure of other provisions explanatory [TextBlock] ATTACHED ATTACHED
Disclosure of contingent liabilities explanatory [TextBlock] ATTACHED ATTACHED
Information about contingent liabilities that disclosure is not practicable ATTACHED ATTACHED
Explanation of reason for nondisclosure of information regarding
ATTACHED ATTACHED
contingent liability
212
Disclosure of notes on other provisions, contingent liabilities and contingent assets explanatory [Text Block]
KHYATI
ISPAT
PRIVATE
LIMITED
Notes to
financial
statements
for the year
ended 31st
March, 2018
Contingent Liabilities not

27. provided for, are in
respect of :-
Liability in
respect of
I. (Rs.in lacs)
bill
discounting:
UCO
Bank
(Bills 4,444.61 4,315.38
against
ILC)
Total
Liability in
II. respect of
Excise Duty:
Demand
from Excise
Department - 20.12
disallowance
of Cenvat
213
The Company has

identified the amount
due to Micro, Small and
Medium Enterprises
28. under The Micro, Small
and Medium Enterprises
Development Act,2006
(MSMED Act) as at 31st
March,2018
The
principal
amount and
the interest
due thereon
(i)
remaining
unpaid to
any supplier
as at 31st
March,2018
Principal
- -
Amount
Interest -
The amount
of interest
paid by the
Company
along with
the amounts
of the
payment
(ii) - -
made to the
supplier
beyond the
appointed
day for the
year ending
31st
March,2018
The amount
of interest
due and
payable for
the period of
delay in
making
payment
214
(beyond the
(iii) - -
215
appointed
day during
the year)
The amount
of interest
accrued and
remaining
(iv) - -
unpaid for
the year
ending 31st
March,2018
The amount
of further
interest
remaining
(v) - -
due and
payable for
the earlier
years.
Note : The information

has been given in
respect of such suppliers
to the extent they could
be identified as "Micro,
Small and Medium"
enterprises on the basis
of information available
with the Company.
Gratuity Liability is
defined benefit
obligations and are
provided for on the basis
29.
of calculation made by
the management on
cogent basis at the end
of each financial year.
In the opinion of the

management, the value
on realisation of loans,
advances and other
current assets in the
30.
ordinary course of
business will not be less
than the amount at
which they are stated in
the Balance Sheet.
Imported and Indigenous

31. raw material & spare
parts consumed
216
2018
% of Total
Rs.
Consump-tion
Raw Materials
-Imported - - -
-Indigenous 100.00 2,27,88,83,126 100.00 1,78,87,22,458
100.00 2,27,88,83,126
Stores & Spares
-Imported - - -
-Indigenous 100.00 8,46,58,167 100.00 7,01,54,197
100.00 8,46,58,167
Details of Loans Given,

Investments Made And
Guarantee Given
32.
Covered Under Section
186 (4) Of The
Companies Act, 2013:
Name of the Company 2018 2017
Investments Made:
Lehar Trexim Private

2,01,68,125 2,01,68,125
Limited
217
Sarla Finance Private 2,64,36,800 2,64,36,800

Limited
Merit Enclave Private

2,01,53,750 2,01,53,750
Limited
During the year the

company has incurred
Rs. 28.22 lacs on
account of Corporate
Social Responsibility
Activities. According to
33. provisions of section 135
of the Companies
Act,2013, the company
is required to spent Rs.
53.80 Lacs The
break-up of amount
spent are as follows:
Yet to be paid
Particulars In Cash
in cash
Constructions/acquisition
- - -
of any assets
On purpose other than

53.90 - 53.80
above
Previous year figures

have been re-grouped
34.
and re-arranged
wherever necessary.
For RAY
For and on behalf of the
SINGH &
Board of Directors of
COMPANY
(ICAI Firm
Khyati Ispat Private
Reg.
Limited
No.322337E)
Chartered
Accountants
218
RAY SAHAB
SINGH
BASANT
BABITA
Proprietor KUMAR
AGRAWAL
AGRAWAL
Membership
Director Director
No.056261
DIN-00293472
Place :
Raipur
Date :
19.07.2018
219
Disclosure of notes on other provisions, contingent liabilities and contingent assets explanatory [Text Block]
KHYATI
ISPAT
PRIVATE
LIMITED
Notes to
financial
statements
for the year
ended 31st
March, 2017
Contingent Liabilities not

28. provided for, are in
respect of :-
Liability in
respect of
I. (Rs.in lacs)
bill
discounting:
With UCO
4,315.38
Bank
With L&T
-
Finance
Total
Liability in
respect in
respect of 4,315.38 1,376.59
bill
discounting
Liability in
respect of
II. Corporate
Guarantee
Given:
Corporate
Guarantee -
4,646.26
given to
Bank
Liability in
III. respect of
Excise Duty:
Demand
from Excise
20.12 42.24
220
Department
disallowance
of Cenvat
The Company has

identified the amount
due to Micro, Small and
Medium Enterprises
29. under The Micro, Small
and Medium Enterprises
Development Act,2006
(MSMED Act) as at 31st
March,2017
The
principal
amount and
the interest
due thereon
i)
remaining
unpaid to
any supplier
as at 31st
March,2017
Principal
0.00 0.00
Amount
Interest 0.00 0.00
The amount
of interest
paid by the
Company
along with
the amounts
of the
payment
ii) 0.00 0.00
made to the
supplier
beyond the
appointed
day for the
year ending
31st
March,2017
The amount
of interest
due and
payable for
the period of
delay in
iii) 0.00 0.00
making
payment
(beyond the
appointed
day during
the year)
The amount
of interest
accrued and
remaining
221
unpaid for
iv) 0.00 0.00
222
the year
ending 31st
March,2017
The amount
of further
interest
remaining
v) 0.00 0.00
due and
payable for
the earlier
years.
Note : The information

has been given in
respect of such suppliers
to the extent they could
be identified as "Micro,
Small and Medium"
enterprises on the basis
of information available
with the Company.
Gratuity Liability is
defined benefit
obligations and are
provided for on the basis
30.
of calculation made by
the management on
cogent basis at the end
of each financial year.
In the opinion of the

management, the value
on realisation of loans,
advances and other
current assets in the
31.
ordinary course of
business will not be less
than the amount at
which they are stated in
the Balance Sheet.
Imported and Indigenous

32. raw material & spare
parts consumed
2017 2016
% of Total
Rs.
Consump-tion
Raw Materials
-Imported - - -
-Indigenous 100.00 100.00 2,296,814,48

1,788,722,458
100.00 1,788,722,458
Stores & Spares
-Imported -
- -
223
-Indigenous 100.00 70,154,196 100.00 94,855,18
100.00 70,154,196
Details of Loans Given,

Investments Made And
Guarantee Given
33.
Covered Under Section
186 (4) Of The
Companies Act, 2013:
31st March 31st March

Name of the Company
2017 2016
Guarantee Given:
Shri Ashutosh Structures

Private Limited - 464,626,000
Investments Made:
SBI Blue Chip Funds - 50,000
SBI - Mutual Fund - 100,000
Kotak Global Emerging

Market Fund - 200,000
Lehar Trexim Private

20,168,125
Limited 20,168,125
Sarla Finance Private

26,436,800
Limited 26,436,800
Merit Enclave Private

20,153,750
Limited 20,153,750
During the year the

company has incurred
Rs. 25.68 lacs on
account of Corporate
Social Responsibility
Activities. According to
provisions of section 135
of the Companies
Act,2013, the company
34. is required to spent
Rs.40.83 Lacs (for
preceeding three years
as on the balance sheet
date), based on the
average net profits of the
previous three years.
The break-up of amount
spent during the year
are as follows:
224
Yet to be
Particulars In Cash paid in Total
cash
Constructions/acquisition -
of any assets - -
On purpose other than

15.15
above 25.68 40.83
During the financial year

2015-16, the Income
Tax Department has
conducted a search
operation U/s 132 of the
Income Tax Act, 1961.
During the course of
search the various
documents and records
have been seized by
them and physical
35.
verification of stocks was
also conducted by
independent agencies
appointed by them. The
company does not
foresee any liability at
this stage, however the
due provision of liability,
if any, shall be made
after completion of the
block assessment.
Disclosure on Specified
36.
Bank Notes (SBN's):
During the year, the

Company had specified
bank notes or other
denomination note as
defined in the MCA
notification G.S.R.
308(E) dated March 31,
2017 on the details of
Specified Bank Notes
(SBN) held and
transacted during the
period from November 8,
2016 to December, 30
2016, the denomination
wise SBNs and other
notes as per the
notification is given
below:
Particulars SBN's Other Total
Closing Cash in Hand as

on 08.11.2016 - 1,168,520 1,168,520
- -
(+) Permitted Receipts -
(+) Amount withdrawal -

559,000
from Bank 559,000
225
(-) Permitted Payments 119,009 119,009
(-) Amount deposited in - -

-
Bank
Closing Cash in Hand as

on 30.12.2016 - 1,608,511 1,608,511
Previous year figures

have been re-grouped
37.
and re-arranged
wherever necessary.
For RAY
For and on behalf of the
SINGH &
Board of Directors of
COMPANY
(ICAI Firm
Khyati Ispat Private
Reg.
Limited
No.322337E)
Chartered
Accountants
BASANT
RAY SAHAB BABITA
KUMAR
SINGH AGRAWAL
AGRAWAL
Membership
No.056261
Place :
Raipur
Date :
18.08.2017
226
[202700] Notes - Cash flow statements

01/04/2017 01/04/2016
to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of cash flow statement explanatory [TextBlock] [See below] [See below]
Consideration paid (received) 0 0
Portion of consideration paid (received) consisting of cash and cash
0 0
equivalents
Description of accounting policy to determine components of cash and cash
ATTACHED ATTACHED
equivalents [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 7,73,309 11,05,175 21,58,809.96
Bank overdrafts classified as cash equivalents 0 0
Other differences to cash and cash equivalents in statement of cash
0 0
flows
Total cash and cash equivalents 7,73,309 11,05,175
Details of non-cash investing and financing transactions not require
use of cash or cash equivalents [Abstract]
Details of acquisition assets by directly assuming liabilities attached attached
Details of acquisition enterprises by means of issue of shares attached attached
Details of conversion of debt to equity attached attached
Details of any other non-cash investing and financing activities attached attached
Description of acquisition of assets by assuming directly related
attached attached
liabilities
Description of acquisition of enterprise by means of issue of shares attached attached
Description of conversion of debt to equity attached attached
Cash and cash equivalents held by enterprise unavailable for use by group 0 0
Commentary by management on significant cash and cash
equivalent balances held by enterprise that are not available attached attached
for use by group
Disclosure of additional information about understanding financial
ATTACHED ATTACHED
positions and liquidity of enterprise explanatory [TextBlock]
Undrawn borrowing facilities 0 0
Cash flows from used in increases in operating capacity 0 0
Cash flows from used in maintaining operating capacity 0 0
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 3,35,18,538 2,42,92,224
Income taxes paid (refund), classified as investing activities 0 0
Income taxes paid (refund), classified as financing activities 0 0
Total income taxes paid (refund) 3,35,18,538 2,42,92,224
227
Disclosure of cash flow statement explanatory [Text Block]
KHYATI
ISPAT
PRIVATE
LIMITED
Cash Flow
Statement
for the year
ended 31st
March, 2018
2018 2017
Rs. Rs.
Cash Flow from operating

activities
Profit before tax from

83,429,137 66,973,052
continuing operations
Non-cash adjustment to
reconcile profit before tax
to net cash flows
Depreciation on
41,701,745 37,457,822
continuing operation
Loss/(profit) on sale of
- (417,436)
non current investments
Interest Expenses 70,174,167 79,040,276
Interest Income (519,835) (32,356,693)
Loss/(profit) on sale of
4,478,751 (59,978)
assets
228
Sundry balances written

542,291 3,246,832
off
OPERATING PROFIT
BEFORE WORKING 199,806,256 153,883,876
CAPITAL CHANGES
Movements in working
capital :
Increase/(decrease) in
55,302,342 (2,931,615)
trade payables
(11,246,559) (20,235,569)
short-term provisions
216,810 4,505,132
long-term provisions
3,434,131 (34,562,492)
other current liabilities
- 1,190,000
other long term liabilities
Decrease/(increase) in
219,278 (265,572,979)
trade receivables
17,726,273 (1,709,106)
inventories
long-term loans and (13,173,129) (3,065,006)
advances
short-term loans and (115,332,317) (38,416,585)
advances
(264,014) 6,504
other current assets
229
Decrease/(increase) in 392,460 13,427,992

other non-current assets
Cash generated
137,081,532 (193,479,848)
from/(used in ) operations
Direct taxes paid (33,518,538) (24,292,224)
Net Cash flow from/(used

A 103,562,994 (217,772,071)
in) operating activities
Cash flows from investing

activities
Purchase of
Property,Plant and (43,565,722) (32,607,664)
Equipments
Proceeds from sale of

Property, Plant and 8,554,950 370,000
Equipments

- 767,436
Non Current Investment
Interest received 519,835 32,356,693
Net cash flow from/(used

B (34,490,937) 886,465
in) investing activities
Cash flows from financing

activities
Proceeds / (Repayment)
from long-term - (1,005,263)
borrowings
from short-term 770,245 295,877,510
borrowings
230
Interest paid (70,174,167) (79,040,276)
Net cash flow from/(used

C (69,403,922) 215,831,970
in) financing activities
NET
INCREASE/(DECREASE)
(331,865) (1,053,636)
IN CASH & CASH
EQUIVALENTS (A+B+C)
Cash and Cash

Equivalents at the 1,105,175 2,158,810
beginning of the year
Cash and Cash

Equivalents at the end of 773,309 1,105,175
the year
Components
of cash and
cash
equivalents
Cash in
488,743 1,074,009
hand
With banks-
on current 284,566 31,166
account
773,309 1,105,175
As per our
report of
even date
For and on
behalf of the
Board of
For RAY
Directors of
SINGH &
COMPANY
Khyati Ispat
Private
Limited
(ICAI Firm
231
Reg.
No.322337E)
Chartered
Accountants
RAY SAHAB
SINGH
BASANT
BABITA
Proprietor KUMAR
AGRAWAL
AGRAWAL
Membership
Director Director
No.056261
Place :
DIN-00293472 DIN-07040070
Raipur
Date :
19.07.2018
232
Disclosure of cash flow statement explanatory [Text Block]
KHYATI ISPAT
PRIVATE
LIMITED
Cash Flow
Statement for
the year ended
31st March,
2017
2017 2016
r r
Cash Flow from operating

activities
Profit before tax from

continuing operations 66,973,053 76,948,674
Non-cash adjustment to
reconcile profit before tax to
net cash flows
Depreciation on continuing
operation 37,457,822 46,913,287
Loss/(profit) on sale of non

current investments (417,436) -
Interest Expenses
79,040,276 74,163,514
Interest Income
(32,356,693) (952,206)
Profit on sale of assets

(59,978) (361,065)
Sundry balances written off

3,246,832 340,574
OPERATING PROFIT
BEFORE WORKING
153,883,877 197,052,778
CAPITAL CHANGES
Movements in working
capital :
Increase/(decrease) in trade
payables (2,931,615) 10,457,662
short-term provisions (20,235,569) (20,283,000)
long-term provisions 4,505,132 -
Increase/(decrease) in other
current liabilities (34,562,492) 25,812,922
233
Increase/(decrease) in other -
long term liabilities (4,004,966)
trade receivables (265,572,979) (97,729,483)
inventories (1,709,106) 248,787,314
long-term loans and
(3,065,006) -
advances
short-term loans and
(38,416,585) 55,727,720
advances
other current assets 6,504 (257,582)
other non-current assets 13,427,992 (10,312,946)
Cash generated from/(used

in ) operations (194,669,847) 405,250,420
Direct taxes paid

(24,292,224) (18,143,364)
Net Cash flow from/(used

A
in) operating activities (218,962,071) 387,107,056
Cash flows from investing

activities
Purchase of Property,Plant
and Equipments (32,607,664) (63,808,974)

Property, Plant and
370,000 575,000
Equipments
Proceeds from sale of Non

Current Investment 767,436 -
Interest received
32,356,693 952,206
Net cash flow from/(used in)

B
investing activities 886,465 (62,281,768)
Cash flows from financing

activities
from long-term borrowings (1,005,263) (1,126,976)
from short-term borrowings 295,877,510 (248,455,811)
Interest paid
(79,040,276) (74,163,514)
Net cash flow from/(used in)

C
financing activities 215,831,970 (323,746,301)
234
NET
INCREASE/(DECREASE)
IN CASH & CASH (2,243,635) 1,078,987
EQUIVALENTS (A+B+C)
Cash and Cash Equivalents

at the beginning of the year 2,158,810 1,079,823
Cash and Cash Equivalents

at the end of the year (84,825) 2,158,810
Components of
cash and cash
equivalents
Cash in hand
1,074,009 2,015,629
With banks- on
current account 31,166 143,181
1,105,175 2,158,810
As per our
report of even
date
For and on
behalf of the
Board of
For RAY SINGH
Directors of
& COMPANY
Khyati Ispat
Private
Limited
(ICAI Firm Reg.

No.322337E)
Chartered
Accountants
BASANT
RAY SAHAB BABITA
KUMAR
SINGH AGRAWAL
AGRAWAL
Membership
No.056261
Place : Raipur
Date :
18.08.2017
235
[300200] Notes - Construction contracts

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of recognised revenue from construction contracts explanatory
ATTACHED ATTACHED
[TextBlock]
Revenue from construction contracts 0 0
Methods used to determine construction contract revenue recognised ATTACHED ATTACHED
Methods used to determine stage of completion of construction in progress ATTACHED ATTACHED
Disclosures in respect of contracts in progress [Abstract]
Costs incurred and recognised profits (less recognised losses) 0 0
Advances received for contracts in progress 0 0
Retention for contracts in progress 0 0
Description of warranty costs penalties or possible losses of
ATTACHED ATTACHED
construction contracts contingent liability
236
[300800] Notes - Disclosures pertaining to real estate enterprises

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
/>
Disclosure of notes pertaining to real estate enterprises explanatory ATTACHED

ATTACHED
[TextBlock]
Sale of plots of land 0 0

Sale of developed plots of land 0 0
Sale of developed plots of land, long-term sale type leases 0 0
Sale of semi-finished structures 0 0
Sale of finished structures 0 0
Consideration for construction 0 0
Property management service fees 0 0
Sale of decorative fittings excluding fittings which are
0 0
integral part of units to be delivered
Rental in lieu of unoccupied premises 0 0
Consideration for contract others 0 0
Total consideration for contract 0 0
Consideration for amenities 0 0
Consideration for interiors 0 0
Consideration for parking spaces 0 0
Sale of development rights 0 0
Other real estate project revenues 0 0
Total real estate project revenues 0 0
Disclosure of methods used to determine project revenue recognised 0 0
Disclosure of methods used to determine stage of completion of project 0 0
Costs incurred and recognised profits (less recognised losses) for
0 0
projects in progress
Advance received against projects 0 0
Amount of work-in-progress for projects in progress 0 0
Value of inventory for projects 0 0
Excess of revenue recognised over actual bills raised for projects in
0 0
progress
Cost of acquisition of land 0 0
Development rights in land or property including cost of land 0 0
Cost of development rights 0 0
Rehabilitation costs 0 0
Registration charges 0 0
Stamp duty 0 0
Brokerage cost 0 0
Other incidental expenses for land purchased for development 0 0
Total cost of land and development rights 0 0
Borrowing costs incurred directly in relation to project 0 0
Borrowing costs apportioned to real estate project 0 0
Total borrowing costs on real estate projects 0 0
Land conversion cost 0 0
Betterment charges 0 0
Municipal sanction fee 0 0
Other charges for obtaining building permission 0 0
Site labour cost including site supervision 0 0
Cost of materials used in construction or development of
0 0
property
Depreciation of plant and equipment used in construction used
0 0
for project
Cost of moving plant, equipment and materials from or to
0 0
project site
237
Cost of hiring plant and equipment 0 0

Costs of design and technical assistance that is directly
0 0
related to project
Estimated costs of rectification and guarantee work
0 0
including expected warranty costs
Claims from third parties 0 0
Other cost incurred directly in relation to project 0 0
Total construction and development cost incurred directly
0 0
in relation to project
Insurance cost apportioned to project 0 0
Costs of design and technical assistance that is not
0 0
directly related to project
Construction or development overheads 0 0
Borrowing costs apportioned to project 0 0
Other construction and development cost apportioned to project 0 0
Total construction and development cost apportioned to project 0 0
Total construction and development cost 0 0
Total project cost 0 0
[300900] Notes - Financial instruments

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of financial instruments explanatory [TextBlock] ATTACHED ATTACHED
Disclosures pertaining to hedge accounting where AS 11 not applicable
and AS 30 applied [Abstract]
Description of type of hedge ATTACHED ATTACHED
Description of financial instruments designated as hedging instrument ATTACHED ATTACHED
Fair value of financial instruments designated as hedging instruments 0 0
Description of nature of risks being hedged ATTACHED ATTACHED
Disclosure of cash flow hedges [Abstract]
Description of periods when cash flows expected to occur ATTACHED ATTACHED
Description of periods when cash flows affect profit or loss ATTACHED ATTACHED
Description of forecast transaction hedge accounting previously
ATTACHED ATTACHED
used but no longer expected to occur
Amount recognised in hedging reserve account during period 0 0
Amount removed from hedging reserve and included in statement of
0 0
profit & loss for period
Amount removed from hedging reserve during period and included
0 0
in initial cost or other carrying amount of non-financial asset
Amount removed from hedging reserve during period and included
in initial cost or other carrying amount of non-financial 0 0
liability
Disclosure of fair value hedges [Abstract]
Gains (losses) on hedging instrument 0 0
Gains (losses) on hedged item attributable to hedged risk 0 0
Gains (losses) on ineffectiveness of cash flow hedges recognised in
0 0
profit or loss
Gains (losses) on ineffectiveness of hedges of net investments in
0 0
foreign operations
Disclosures where AS 30 not applied and AS 11 not applicable [Abstract]
Losses on mark-to-market on derivatives recognised in statement of
0 0
profit & loss
238
[100200] Statement of profit and loss

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Statement of profit and loss [Abstract]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 330,63,10,733 289,53,75,428
Revenue from sale of services 0 0
Other operating revenues 0 0
Excise duty 10,56,96,253 28,78,64,112
Service tax collected 0 0
Other duties taxes collected 0 0
Total revenue from operations other than finance company 320,06,14,480 260,75,11,316
Disclosure of revenue from operations for finance company [Abstract]
Revenue from interest 0 0
Revenue from other financial services 0 0
Total revenue from operations finance company 0 0
Total revenue from operations 320,06,14,480 260,75,11,316
Other income 5,19,835 3,65,42,833
Total revenue 320,11,34,315 264,40,54,149
Expenses [Abstract]
Cost of materials consumed 227,88,83,126 178,87,22,458
Purchases of stock-in-trade 44,03,74,346 32,68,90,223
Changes in inventories of finished goods, work-in-progress and
-2,05,93,554 1,23,12,428
stock-in-trade
Employee benefit expense 6,59,39,315 6,00,46,770
Finance costs 7,05,56,954 7,90,40,277
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 4,17,01,745 3,74,57,822
Amortisation expense 0 0
Depletion expense 0 0
Total depreciation, depletion and amortisation expense 4,17,01,745 3,74,57,822
Expenditure on production, transportation and other expenditure
0 0
pertaining to exploration and production activities
CSR expenditure 0 0
Other expenses 24,08,43,246 27,26,11,118
Total expenses 311,77,05,178 257,70,81,096
Total profit before prior period items, exceptional items, extraordinary
8,34,29,137 6,69,73,053
items and tax
Prior period items before tax 0 0
Exceptional items before tax 0 0
Total profit before extraordinary items and tax 8,34,29,137 6,69,73,053
Extraordinary items before tax 0 0
Total profit before tax 8,34,29,137 6,69,73,053
Tax expense [Abstract]
Current tax 3,35,18,538 2,42,92,224
Deferred tax -52,23,891 -4,04,285
Total tax expense 2,82,94,647 2,38,87,939
Total profit (loss) for period from continuing operations 5,51,34,490 4,30,85,114
Profit (loss) from discontinuing operations before tax 0 0
Tax expense of discontinuing operations 0 0
Total profit (loss) from discontinuing operation after tax 0 0
Total profit (loss) for period before minority interest 5,51,34,490 4,30,85,114
Profit (loss) of minority interest 0 0
Share of profit (loss) of associates 0 0
Total profit (loss) for period 5,51,34,490 4,30,85,114
Additional disclosure on discontinuing operations [Abstract]
239
Pre-tax gain or loss recognised on disposal of assets or

settlement of liabilities attributable to discontinuing 0 0
operations
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] 3.61 [INR/shares] 2.82
Diluted earnings per equity share [INR/shares] 3.61 [INR/shares] 2.82
Basic earning per equity share before extraordinary items [INR/shares] 3.61 [INR/shares] 2.82
Diluted earnings per equity share before extraordinary items [INR/shares] 3.61 [INR/shares] 2.82
Nominal value of per equity share [INR/shares] 10 [INR/shares] 10
240
[300500] Notes - Subclassification and notes on income and expenses

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Subclassification and notes on income and expense explanatory [TextBlock] [See below]
ATTACHED
Disclosure of revenue from sale of products [Abstract]

Disclosure of revenue from sale of products explanatory [TextBlock] ATTACHED ATTACHED
Revenue from sale of products [Abstract]
Revenue from sale of products, gross 330,63,10,733 289,53,75,428
Brokerage discounts rebates on revenue from sale of products 0 0
Returns on revenue from sale of products 0 0
Other allowances deductions on revenue from sale of products 0 0
Total revenue from sale of products 330,63,10,733 289,53,75,428
Disclosure of revenue from sale of services [Abstract]
Disclosure of revenue from sale of services explanatory [TextBlock] ATTACHED ATTACHED
Revenue from sale of services [Abstract]
Revenue from sale of services, gross 0 0
Brokerage discounts rebates on revenue from sale of services 0 0
Returns on revenue from sale of services 0 0
Other allowances deductions on revenue from sale of services 0 0
Total revenue from sale of services 0 0
Disclosure of other operating revenues [Abstract]
Disclosure of notes on other operating revenues explanatory [TextBlock] ATTACHED ATTACHED
Other operating revenues [Abstract]
Net gain/loss on foreign currency fluctuations treated as other
0 0
operating revenue
Miscellaneous other operating revenues 0 0
Total other operating revenues 0 0
Disclosure of other income [Abstract]
Disclosure of notes on other income explanatory [TextBlock] ATTACHED ATTACHED
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 0 0
Interest from customers on amounts overdue, current investments 0 0
Interest on current intercorporate deposits 0 0
Interest on current debt securities 0 0
Interest on current government securities 0 0
Interest on other current investments 0 0
Total interest income on current investments 0 0
Interest income on long-term investments [Abstract]
Interest on fixed deposits, long-term investments 5,19,835 10,36,578
Interest from customers on amounts overdue, long-term investments 0 0
Interest on long-term intercorporate deposits 0 0
Interest on long-term debt securities 0 0
Interest on long-term government securities 0 0
Interest on other long-term investments 0 3,13,20,115
Total interest income on long-term investments 5,19,835 3,23,56,693
Total interest income 5,19,835 3,23,56,693
Dividend income [Abstract]
Dividend income current investments [Abstract]
Dividend income current investments from subsidiaries 0 0
Dividend income current equity securities 0 0
Dividend income current mutual funds 0 0
Dividend income current investments from others 0 0
Total dividend income current investments 0 0
Dividend income long-term investments [Abstract]
Dividend income long-term investments from subsidiaries 0 0
Dividend income long-term equity securities 0 0
Dividend income long-term mutual funds 0 0
241
Dividend income long-term investments from others 0 0

Total dividend income long-term investments 0 0
Total dividend income 0 0
Net gain/loss on sale of investments [Abstract]
Net gain/loss on sale of current investments 0 0
Net gain/loss on sale of long-term investments 0 4,17,436
Total net gain/loss on sale of investments 0 4,17,436
Rental income on investment property [Abstract]
Rental income on investment property, current 0 0
Rental income on investment property, long-term 0 0
Total rental income on investment property 0 0
Other non-operating income [Abstract]
Net gain/loss on foreign currency fluctuations treated as other
0 0
income
Surplus on disposal, discard, demolishment and destruction of
0 0
depreciable tangible asset
Gain on disposal of intangible asset 0 0
Amount credited to profit and loss as transfer from
revaluation reserve on account of additional 0 0
depreciation charged on revalued tangible assets
Excess provision diminution in value investment written back 0 0
Excess provisions bad doubtful debts advances written back 0 0
Income government grants subsidies 0 0
Income export incentives 0 0
Income import entitlements 0 0
Income insurance claims 0 0
Income from subsidiaries 0 0
Interest on income tax refund 0 0
Income on brokerage commission 0 0
Income on sales tax benefit 0 0
Excess provisions written back 0 0
Liabilities written off 0 0
Other allowances deduction other income 0 0
Miscellaneous other non-operating income 0 37,68,704
Total other non-operating income 0 37,68,704
Income from pipeline transportation 0 0
Total other income 5,19,835 3,65,42,833
Share other income joint ventures 0 0
Disclosure of details of amount credited to profit and
loss as transfer from revaluation reserve on account of
ATTACHED ATTACHED
additional depreciation charged on revalued tangible
assets
Disclosure of finance cost [Abstract]
Disclosure of notes on finance cost explanatory [TextBlock] ATTACHED ATTACHED
Interest expense [Abstract]
Interest expense long-term loans [Abstract]
Interest expense long-term loans, banks 39,547 1,71,016
Interest expense long-term loans, others 3,82,786 0
Total interest expense long-term loans 4,22,333 1,71,016
Interest expense short-term loans [Abstract]
Interest expense short-term loans, banks 7,01,34,621 7,88,69,261
Interest expense short-term loans, others 0 0
Total interest expense short-term loans 7,01,34,621 7,88,69,261
Interest expense deposits 0 0
Interest expense debt securities 0 0
Interest expense other borrowings 0 0
Interest expense borrowings 0 0
Interest lease financing 0 0
Other interest charges 0 0
Total interest expense 7,05,56,954 7,90,40,277
Other borrowing costs 0 0
Net gain/loss on foreign currency transactions and translations
0 0
treated as finance costs
Total finance costs 7,05,56,954 7,90,40,277
Share finance costs joint ventures 0 0
Employee benefit expense [Abstract]
242
Salaries and wages 5,57,61,803 4,65,58,899

Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Salary to directors 48,00,000 48,00,000
Commission to directors 0 0
Other benefits to directors 0 0
Total remuneration to directors 48,00,000 48,00,000
Remuneration to manager [Abstract]
Salary to manager 0 0
Commission to manager 0 0
Other benefits to manager 0 0
Total remuneration to manager 0 0
Total managerial remuneration 48,00,000 48,00,000
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for contract labour 0 0
Contribution to provident and other funds for others 45,41,820 79,07,792
Total contribution to provident and other funds 45,41,820 79,07,792
Expense on employee stock option scheme and employee stock purchase plan 0 0
Commission employees 0 0
Employee medical insurance expenses 0 0
Leave encashment expenses 0 0
Gratuity 0 0
Pension schemes 0 0
Voluntary retirement compensation 0 0
Other retirement benefits 0 0
Staff welfare expense 8,35,692 7,80,079
Other employee related expenses 0 0
Total employee benefit expense 6,59,39,315 6,00,46,770
Share employee benefit expense joint ventures 0 0
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 8,46,58,167 7,01,54,196
Power and fuel 3,62,51,683 3,87,36,303
Rent 0 0
Repairs to building 0 0
Repairs to machinery 25,06,797 91,94,063
Insurance 13,43,426 14,11,485
Rates and taxes excluding taxes on income [Abstract]
Central excise duty -1,58,87,310 -22,35,569
Purchase tax 0 0
Other cess taxes 27,36,706 44,82,711
Cost taxes other levies by government local authorities 0 0
Provision wealth tax 0 0
Total rates and taxes excluding taxes on income -1,31,50,604 22,47,142
Research development expenditure 0 0
Subscriptions membership fees 0 0
Electricity expenses 0 0
Telephone postage 0 0
Printing stationery 2,83,778 2,58,257
Information technology expenses 0 0
Travelling conveyance 28,70,219 12,60,070
Catering canteen expenses 0 0
Entertainment expenses 0 0
Legal professional charges 70,17,486 49,24,246
Training recruitment expenses 0 0
Vehicle running expenses 0 0
Safety security expenses 0 0
Directors sitting fees 0 0
Commission to directors other than whole time director or managing
0 0
director or manager
Donations subscriptions 1,30,903 7,69,156
Books periodicals 0 0
Seminars conference expenses 3,52,372 1,69,362
Registration filing fees 0 0
Custodial fees 0 0
Bank charges 4,83,26,479 3,65,38,652
243
Guest house expenses 0 0

Advertising promotional expenses 0 0
After sales service expenses 18,76,805 72,78,715
Warranty claim expenses 0 0
Commission paid sole selling agents 0 0
Commission paid other selling agents 98,22,743 6,59,93,117
Commission paid sole buying agents 0 0
Transportation distribution expenses 0 0
Secondary packing expenses 0 0
Discounting charges 0 0
Guarantee commission 0 0
Cost repairs maintenance other assets 0 0
Cost transportation [Abstract]
Cost freight 1,90,11,620 2,63,70,395
Cost octroi 0 0
Cost loading and unloading 0 0
Cost other transporting 0 0
Total cost transportation 1,90,11,620 2,63,70,395
Cost lease rentals 0 0
Cost effluent disposal 0 0
Provision for cost of restoration 0 0
Cost warehousing 0 0
Cost water charges 0 0
Cost technical services 0 0
Cost royalty 0 0
Provision bad doubtful debts created 0 0
Provision bad doubtful loans advances created 0 0
Adjustments to carrying amounts of investments [Abstract]
Provision diminution value current investments created 0 0
Provision diminution value long-term investments created 0 0
Total adjustments to carrying amounts of investments 0 0
Net provisions charged [Abstract]
Provision warranty claims created 0 0
Provision statutory liabilities created 0 0
Provision restructuring created 0 0
Other provisions created 0 0
Total net provisions charged 0 0
Discount issue shares debentures written off [Abstract]
Discount issue shares written off 0 0
Discount issue debentures written off 0 0
Total discount issue shares debentures written off 0 0
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Financing charges written off 0 0
Voluntary retirement compensation written off 0 0
Technical know-how written off 0 0
Other miscellaneous expenditure written off 0 0
Total miscellaneous expenditure written off 0 0
Fixed assets written off 0 0
Inventories written off 0 0
Investments written off 0 0
Bad debts written off 5,42,291 32,46,832
Bad debts advances written off 0 0
Other assets written off 0 0
Total write-off assets 5,42,291 32,46,832
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
0 0
tangible asset
Contract cost [Abstract]
Site labour supervision cost contracts 0 0
Material cost contract 0 0
Depreciation assets contracts 0 0
Cost transportation assets contracts 0 0
Hire charges assets contracts 0 0
Cost design technical assistance contracts 0 0
244
Warranty cost contracts 0 0

Other claims contracts 0 0
Sale material scrap other assets contracts 0 0
Overhead costs apportioned contracts [Abstract]
Insurance cost apportioned contract 0 0
Design technical assistance apportioned contracts 0 0
Other overheads apportioned contracts 0 0
Total overhead costs apportioned contracts 0 0
Total contract cost 0 0
Cost dry wells 0 0
Operating and maintenance cost of emission and other pollution
0 0
reduction equipments
Payments to auditor [Abstract]
Payment for audit services 3,00,000 3,00,000
Payment for taxation matters 0 0
Payment for company law matters 0 0
Payment for other services 0 0
Payment for reimbursement of expenses 0 0
Total payments to auditor 3,00,000 3,00,000
Payments to cost auditor [Abstract]
Payment for cost audit charges 0 0
Payment for cost compliance report 0 0
Payment for other cost services 0 0
Payment to cost auditor for reimbursement of expenses 0 0
Total payments to cost auditor 0 0
Miscellaneous expenses 3,86,99,081 37,59,127
Total other expenses 24,08,43,246 27,26,11,118
Breakup of expenditure on production, transportation and other
expenditure pertaining to exploration and production activities
[Abstract]
Royalty pertaining to exploration and production activities 0 0
Cess pertaining to exploration and production activities 0 0
Education cess pertaining to exploration and production activities 0 0
National calamity contingency duty pertaining to exploration and
0 0
production activities
Extraction cost pertaining to exploration and production activities 0 0
Sales tax pertaining to exploration and production activities 0 0
Geological and geophysical expenditure pertaining to exploration and
0 0
Administrative expenditure pertaining to exploration and production
0 0
activities
Research and development expenditure pertaining to exploration and
0 0
Pipeline operation and maintenance expenditure pertaining to
0 0
exploration and production activities
Other expenditure pertaining to exploration and production activities 0 0
Total expenditure on production, transportation and other
0 0
expenditure pertaining to exploration and production activities
Current tax [Abstract]
Current tax pertaining to previous years 12,391 8,52,356
Current tax pertaining to current year 3,35,06,147 2,34,39,868
MAT credit recognised during year 0 0
Total current tax 3,35,18,538 2,42,92,224
245
Subclassification and notes on income and expense explanatory [Text Block]
KHYATI ISPAT
PRIVATE
LIMITED
Statement of
Profit & Loss for
the year ended
31st March,
2018
Notes 2018 2017
Rs. Rs.
INCOME
Revenue from
operations 17 3,306,310,733 2,895,375,428
(Gross)
Less: Excise
105,696,253 287,864,112
Duty
Net Revenue
3,200,614,480 2,607,511,316
from operations
Other Income 18 519,835 36,542,833
TOTAL
3,201,134,315 2,644,054,149
REVENUE (I)
EXPENDITURE
Cost of raw
material and
19 2,278,883,126 1,788,722,458
component
consumed
246
Purchase of
440,374,346 326,890,223
traded goods
(Increase) /
decrease in
inventories of
finished
work-in-progress
and traded 20 (20,593,554) 12,312,428
goods
Employees
benefits 21 61,139,315 55,246,770
expenses
Depreciation
22 41,701,745 37,457,822
expenses
Finance costs 23 118,883,433 115,578,929
Operating and
24 197,316,766 240,872,466
Other Expenses
TOTAL
EXPENDITURE 3,117,705,178 2,577,081,096
(II)
Profit/(loss)
83,429,137 66,973,052
before tax
Tax expenses
Current tax 33,506,147 23,439,868
Deffered tax (5,223,891) (404,285)
Income Tax
Related to 12,391 852,356
earlier years
Total tax
247
expenses 28,294,647 23,887,939
Profit/(loss) for
the year from
55,134,490 43,085,113
continuing
operations
Earnings per
equity share
[nominal value
of share
@ Rs. 10/- (31st

March,2017 `
10)]
Basic 25 3.61 2.82
Diluted 3.61 2.82
Summary of
significant
2.1
accounting
policies
The
accompanying
notes are
integral part of
the financial
statements.
As per our
report of even
date
For and on
For RAY SINGH
behalf of the
& COMPANY
Board of
Directors of
Khyati Ispat
(ICAI Firm Reg.
Private
No.322337E)
Limited
248
Chartered
Accountants
RAY SAHAB
SINGH
BASANT
BABITA
Proprietor KUMAR
AGRAWAL
AGRAWAL
Membership
Director Director
No.056261
DIN - 00293472 DIN-07040070
Place : Raipur
Date :
19.07.2018
[300600] Notes - Additional information statement of profit and loss
Details of manufactured and traded goods [Table] ..(1)

Categories of manufactured and traded goods [Axis] Finished goods category 1 [Member]
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Additional information on profit and loss account [Abstract]
Additional details in case of manufacturing companies [Abstract]
Details of manufactured and traded goods [Abstract]
Details of manufactured and traded goods [LineItems]
BEAM, ANGLES, BEAM, ANGLES,
Description of finished goods CHHANELS & CHHANELS &
OTHERS OTHERS
Amount of sales 330,63,10,733 289,53,75,428
Amount of closing inventory 17,33,97,902 15,28,04,348
Amount of opening inventory 15,28,04,348 16,51,16,776.64
249
Details of work-in-progress [Table] ..(1)

Categories of work-in-progress [Axis] Work-in-progress category 1 [Member]
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Details of work-in-progress [Abstract]
Details of work-in-progress [LineItems]
Description of work-in-progress JOB WORK JOB WORK
Total work-in-progress 0 0
Details of raw materials consumed [Table] ..(1)

Categories of raw materials consumed [Axis] Raw materials consumed 1 [Member]
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Details of raw materials consumed [Abstract]
Details of raw materials consumed [LineItems]
BILLETS & BILLETS &
Description of raw materials category BLOOMS BLOOMS
Total raw materials consumed 227,88,83,126 178,87,22,458
250

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Additional information on profit and loss account explanatory [TextBlock] ATTACHED ATTACHED
Share cost of materials consumed joint ventures 0 0
Share purchases of stock-in-trade joint ventures 0 0
Share depreciation and amortisation expense joint ventures 0 0
Share other expenses joint ventures 0 0
Changes in inventories of finished goods -1,66,66,117 -15,28,04,348
Changes in inventories of work-in-progress 0 0
Changes in inventories of stock-in-trade -39,27,437 16,51,16,776
Changes in other inventories 0 0
Total changes in inventories of finished goods, work-in-progress and
-2,05,93,554 1,23,12,428
stock-in-trade
Share changes in inventories of finished goods, work-in-progress
0 0
and stock-in-trade joint ventures
Exceptional items before tax 0 0
Tax effect of exceptional items 0 0
Total exceptional items 0 0
Attachment of property of enterprise 0 0
Earthquake 0 0
Other items extraordinary 0 0
Total extraordinary items before tax 0 0
Tax effect of extraordinary items 0 0
Total extraordinary items 0 0
Total exceptional and extraordinary items 0 0
Details of nature of exceptional items others others
Details of nature of extraordinary items others others
Prior period income before tax 0 0
Prior period expense before tax 0 0
Total prior period items before tax 0 0
Tax effect on prior period items 0 0
Total prior period items after tax 0 0
Nature of prior period items others others
Revenue communication services 0 0
Revenue roadway operations 0 0
Revenue waterway operations 0 0
Revenue airway operations 0 0
Revenue logistics transport services 0 0
Revenue courier services 0 0
Revenue infrastructure services 0 0
Revenue software development 0 0
Revenue hardware maintenance 0 0
Revenue information technology consultancy 0 0
Revenue information technology services 0 0
Revenue hotels 0 0
Revenue hospitals healthcare clinics 0 0
Revenue entertainment 0 0
Revenue repairs maintenance 0 0
Revenue educational activities 0 0
Revenue membership subscriptions fees 0 0
Revenue admission fees 0 0
Revenue erectioning commissioning 0 0
Revenue agencies 0 0
Revenue advertising publicity 0 0
Revenue value added services 0 0
Revenue real estate property development 0 0
Revenue other services 0 0
Revenue lease rentals 0 0
Revenue hire charges 0 0
Revenue job work 0 0
Revenue domestic contracts 0 0
Revenue foreign contracts 0 0
Total revenue contracts 0 0
251
Revenue royalties 0 0
Revenue technical know-how 0 0
Revenue franchise 0 0
Revenue licenses 0 0
Revenue intangible assets 0 0
Total gross income from services rendered 0 0
Aggregate amount set aside to provisions made for meeting
0 0
specific liabilities, contingencies or commitments
Aggregate amount withdrawn from such provisions made for
meeting specific liabilities, contingencies or commitments 0 0
no longer required
Write down of inventories to net realizable value 0 0
Reversal of write down of inventories to net realizable value 0 0
Cost of restructuring of enterprise 0 0
Reversal of cost of restructuring of enterprise 0 0
Expenses on legislative changes having retrospective application 0 0
Income on legislative changes having retrospective application 0 0
Expense on litigation settlements 0 0
Income on litigation settlements 0 0
Other reversals of provisions 0 0
Dividends from subsidiary companies 0 0
Provisions for losses of subsidiary companies 0 0
Value of imports of raw materials 0 0
Value of imports of components and spare parts 0 0
Value of imports of capital goods 0 0
Total value of imports calculated on CIF basis 0 0
Expenditure on royalty 0 0
Expenditure on know-how 0 0
Expenditure on professional and consultation fees 0 0
Expenditure on interest 0 0
Expenditure on other matters 0 0
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 0 0
Final dividend remitted in foreign currency 0 0
Interim dividend remitted in foreign currency 0 0
Special dividend remitted in foreign currency 0 0
Total amount of dividend remitted in foreign currency 0 0
Total number of non-resident shareholders [pure] 0 [pure] 0
Total number of shares held by non-resident shareholders on which
dividends were due
Year to which dividends relate 0 0
FOB value of manufactured goods exported 0 0
FOB value of traded goods exported 0 0
Total earnings on export of goods calculated on FOB basis 0 0
Earnings on royalty 0 0
Earnings on know-how 0 0
Earnings on professional and consultation fees 0 0
Total earnings on royalty, know-how, professional and
0 0
consultation fees
Earnings on interest 0 0
Earnings on dividend 0 0
Total earnings on interest and dividend 0 0
Earnings on other income 0 0
Total earnings in foreign currency 0 0
Nature of earnings on other income in foreign currency 0 0
Amount of revenue received in foreign currency from services 0 0
Insurance and freight on exports 0 0
Profit in foreign currency on sale of assets 0 0
Commission brokerage and discount charges in foreign currency 0 0
Professional charges in foreign currency 0 0
Bank and finance charges in foreign currency 0 0
Logistic charge in foreign currency 0 0
Foreign tax 0 0
Sales marketing and advertising expenses in foreign currency 0 0
Meeting expenses in foreign currency 0 0
252
Research and development expenses in foreign currency 0 0

Intangible asset charges in foreign currency 0 0
Membership and subscription expenses in foreign currency 0 0
Insurance charges in foreign currency 0 0
Telecommunication expenses in foreign currency 0 0
Profits or losses from partnership firms or association of
0 0
persons or limited liability partnerships
Domestic sale manufactured goods 283,71,50,774 256,48,31,655
Domestic sale traded goods 46,91,59,959 33,05,43,773
Total domestic turnover goods, gross 330,63,10,733 289,53,75,428
Export sale manufactured goods 0 0
Export sale traded goods 0 0
Total export turnover goods, gross 0 0
Total revenue from sale of products 330,63,10,733 289,53,75,428
Domestic revenue services 0 0
Export revenue services 0 0
Total revenue from sale of services 0 0
Capital expenditure in foreign currency 0 0
Disclosure of computation of managerial information as per Textual information (26)
ATTACHED
companies act explanatory [TextBlock] [See below]
Expenditure on corporate social responsibility activities as per
28,22,000 25,68,000
guidelines
Gross value of transaction with related parties as per AS-18 1,32,54,150 56,59,900
Bad debts of related parties as per AS-18 0 0
253
Disclosure of computation of managerial information as per companies act explanatory [Text Block]
Khyati Ispat Private Limited
Grouping Statement for the year 2016-17
Particulars 2016-2017
Cash Credit facilities from Banks
Uco Bank, Raipur 497,755,377.61
Bank of Baroda, Raipur 238,989,961.44
Total 736,745,339.05
Loan from Financial Institution
Daimler Financial Services India Pvt.Ltd. 1,002,442.91
Total 1,002,442.91
Other Liabilities
Electric Bill Payable 2,210,280.00
Ray Singh & Co. 540,000.00
Sanat Joshi & Associates 112,500.00
Virendra Kumar Agrawal, Raipur 36,000.00
Total 2,898,780.00
Statutory Dues Payable
TDS Payable- Professional 25,049.00
ESIC Payable A/c 169,841.00
PF Payable A/C 369,471.00
Total 564,361.00
Sundry Creditors For Goods, Services & Expenses
Dipti Automation 1,913.00
Electrosteel Steels Ltd. 227,822.00
Jayaswal Neco Industries Ltd. 3,439,064.00
Awadh Rubber & Seals 30,670.00
Bharat Battery 51,719.00
Bimla Enterprises 137,025.00
Dhanlaxmi Switch Gear,Raipur 1,809.00
Hindustan Technocrate 4,800.00
254
Inglobal Resources 22,875.00
Kiran Battery 9,050.00
Lakshmi Scientific Works 116,550.00
Laxmi Enterprises-Raipur 5,289.00
M.D.Shaqkat 50,000.00
Om Kishore 9,923.00
Punjab Engineers & Fabricators 185,096.00
Rajat Equipment Pvt. Ltd. 67,988.00
Rajput Sensors 63,000.00
Sanjay Industrial Traders, Bhilai 35,660.00
Shashwat Enterprises 1,050.00
Swapan Saha & Sons 26,000.00
Unique Engineering Services 559.00
Hanuman Ispat Pvt Ltd. 6,000,000.00
Manmeet Ispat Pvt.Ltd. 8,220,958.00
Prateek Laddha 2,700.00
Prayash Steel (Commission A/c) 9,000,000.00
Total 27,711,520.00
Advances from Customers
Sainath Trade Home Pvt Ltd. 800,000.00
Manoj Iron & Steel Traders 993,408.00
Abha Power and Steel P.Ltd. 39,041.00
Advance in Liew of C Form 1,841,024.00
ATS Elgi Ltd. 8,816.00
Dee Control & Electric Ind. 69,075.00
Deepak Cables India Ltd. 138,286.38
Duos Entrprises Pvt Ltd. 147,609.00
Empowertrans Pvt.Ltd. 166,986.00
Global Galvanisers P.Ltd. 147,163.00
Hari Om Ingot & Power P.Ltd. 532,397.00
Icomm Tele Ltd. 22,609.00
Inabensa Bharat Pvt.Ltd 1,000,000.00
IVRCL Tlt Pvt Ltd. 166,296.00
Jai Balaji Industries Ltd 424,168.00
255
Jyoti Power Corporation P.Ltd. 162,095.89
KEC International Ltd. 10,085.00
Maharashtra Power Transmission Structures Pvt Ltd. 2,927.00
National Trade Combines 14,242.00
NTL Steels 114,026.75
Prem Power Const.Pvt Ltd. 83,411.00
Punj Lloyd Ltd. 4,474.00
Raipur Forging & Castings P.Ltd. 5,000,000.00
Reliable Sponge Pvt Ltd. 200,000.00
R.K.Agencies 277.00
Sai Electricals 12,763.00
Shri Giriraj Structures P. Ltd. 58,190.00
Shri Jai Baba Processors 41,940.00
Steel Products Ltd. 23,646.13
Sunil Hi Tech Engineers Ltd. 135,586.00
Sun Steel Industries Pvt Ltd. 134,778.00
Total 12,495,320.15
Khyati Steels 740,000.00
Vimal Prakash Rd Carriers 450,000.00
Total 1,190,000.00
Employees debit Balances
Anil Upadhyay 3,754.00
Chinni Ram Satone 3,000.00
Dev Kumar Yadav 12,000.00
Dilip Kumar Sahu-Qlty 4,000.00
Ganesh Singh 5,000.00
Gupta Parsad Sahu 20,000.00
Khir Sindur Sona 5,000.00
Mahendra Kumar Dubey 2,500.00
Nikhil Sharma 10,000.00
R.Mathew 400,000.00
Santosh Sindre 2,000.00
Supkar Patil 4,500.00
256
Total 471,754.00
Employees Credit Balances
Ajay Verma 1,120.00
Amol Singh 3,208.00
Dharmendra Markam 1,053.00
Doman Singh Maravi 2,445.00
Jogendra Sarthi 310.00
K.Appal Swami 4,666.00
Naresh Pandey 1,300.00
Net Ram Sahu (Bhakla) 579.00
Om Prakash Vishwakarma 703.00
Pradeep Rakesh 590.00
Prakash Pradhan 8,332.00
Roshan Nirmalkar 3,556.00
Shiv Nath Mourya 873.00
S.Kumar 2,036.00
Sukhjinder Singh 1,179.00
Surjeet Sah 286.00
Vikas Sona 2,101.00
Vishal Singh-Rmd 3,231.00
Total 37,568.00
Balance With Scheduled Banks
In Current Account
Bank of Baroda-17380200000837 15,229.50
SBI Current A/c 30002825449 5,277.00
Uco Bank CA 01820200004292 10,659.20
Total 31,165.70
Other Assets (Other Recivebles)
Amitasha Enterprises Private Limited 392,460.00
Larsen & Turbo Ltd. 2,984,517.91
Total 3,376,977.91
Security Deposit with Govt & Others
FDR CTO Circle -IV,Raipur 9,312.00
FDR CTO Circle V, Raipur 5,000.00
257
FDR SBI 30038800455 (With Excise Department) 129,717.00
Chaattishgarh State Load Despatch 200,000.00
CSEB - Deposit - HT 5,596,686.00
Security Deposit-Oberoi Freight Carrier 100,000.00
Security Deposit -Pankaj Oxygen 5,000.00
Telephone Deposit-BSNL 2,400.00
Total 6,048,115.00
Cash 1,074,009.00
1,074,009.00
Advances Recoverable in Cash of in Kind
Advance for Purchases
SAIL, BSO: Stockyard, Bhilai 9,319,030.00
Lafarge India Pvt.Ltd. 26,540.00
9,345,570.00
Advances to Others
Manglam Alloys & Ispat Pvt Ltd. 222,922,333.58
222,922,333.58
Total 232,267,903.58
Prepaid Expenses
Prepaid Expenses 21,630.00
Prepaid Expenses-Amc 274,706.00
Prepaid Expenses -Bank Charges 643,482.00
Prepaid Expenses-Insurance 325,273.00
Prepaid Expenses-Legal/licence 82,005.00
Total 1,347,096.00
Advances Recoverable in Cash of in Kind (Non Current)
Aashtha Thermal Engineers-Gbd 500,000.00
Agrasen Hospital 22,657.00
Ram Swaroop Jangir-Katni 200,000.00
Rekhraj Marketing Pvt.Ltd. 3,200,000.00
Siemens Ltd. 74,750.00
Total 3,997,407.00
Other Receivables
258
Larsen & Toubro Ltd 26,540.00
S.R.Associates-Raipur C.G.
Amitasha Enterprises Pvt. Ltd.-NAGPUR M.S.
Total 26,540.00
Short term Balance with statutory/govt. authorities
Cenvat - Input A/C 16,591,212.00
E.Cess Input 2% 272.00
SHECess Input 1% 137.00
Cenvat [CG] 50% for Next Year 1,565,329.00
Excise Duty Under Protest 337,397.00
PLA 11,622.00
Service Tax Receivable 4,865.00
CST Under Protest 373,965.00
Vat [C/F] 2,673,626.00
Total 21,558,425.00
Long term Balance with statutory/govt. authorities
Advance Tax FY 2006-07 139,045.00
Advance Tax FY 2007-08 667,156.00
Advance Tax FY 2008-09 5,740,000.00
Advance Tax FY 2009-10 1,000.00
Advance Tax FY 2010-11 100,000.00
Advance Tax FY2011-12 200,000.00
Advance Tax FY 2012-13 900,000.00
Advance Tax FY 2013-14 1,718,250.00
Advance Tax FY 2016-17 519,382.29
Advance Tax FY 2017-18 34,410.00
Total 10,019,243.29
Others
Interest accrued on FDR 309,690.00
Total 309,690.00
Sales (Manufacturing)
Sales Interstate 2% 411,468,240.00
Sales Interstate [Tax Paid ] 202,978.00
Sales State 5% 1,860,838,358.00
259
Sales-State-Exempted 2,498,316.00
Add: Exxcise Collected 287,864,112.00
Less: Sales Return (1,973,012.00)
Less : Mill Scale Sales (5,069,054.00)
Total 2,555,829,938.00
Sales (Trading)
SALES E1/C 7,018,048.00
Sales Trading Cst 2% 22,617,204.00
Sales Trading Cst 5% & 4% TAX PAID 36,860.00
Sales Trading Exempted Agnst C Form[JNIL PUR] 64,041,425.00
Sales Trading Exempted [Jnil Purch] 147,284,417.00
Sales Trading State 5% 88,825,090.00
Sales Trading Vat Exempted 720,729.00
Total 330,543,773.00
Other non operating Income
Transporting Differences 3,649,916.00
Rebate discount on Sales 58,809.57
Profit on sale of Mutual Fund 417,436.03
Profit on sale of vehicle 59,978.00
Total 4,186,139.60
Stores and Consumables Consumed
Opening Stocks 2,943,002.00
Purchases
Stores & Spares 8,892,189.00
Coal Purchases 48,743,298.00
FO Purchases 6,026,589.00
Gas Purchases 1,845,152.00
Oil and Lubricnat Purchases 677,689.00
66,184,917.00
Expenses
Inward Freight> Furnace Oil 97,200.00
Inward Freight > Stores 102,478.00
Inward Freight -Coal 4,069,378.00
Inward Freight-Gases 148,669.00
260
4,417,725.00
Less: Closing Stocks 3,391,448.00
Total 70,154,196.00
Bank Charges
Bank Charges 5,299,917.07
Bill Discounting Charges LTF & BOA 4,689,718.88
Lc Discounted Charges(Net) 26,549,016.35
Total 36,538,652.30
Salary, Wages And Other Benefits
Bonus Expenses-Factory 1,961,979.00
Leave Encashment Exp. 1,575,532.00
Salaries A/C 43,021,388.00
Total 46,558,899.00
Insurance Expenses
Insurance [Cars & Motor Cycles] 172,395.00
Insurance [Cranes] 74,171.00
Insurance [Others] 1,164,919.00
Total 1,411,485.00
Rent , Rates And Taxes
KKC Exxpenses 389,462.00
Legal/Licence Fees-Taxes 473,294.00
Property Taxes 1,909,274.00
SBC Expenses 396,440.00
Service Tax Expenses 1,122,638.00
Lease Rent 121,900.00
Rent ( Registerd Office) 18,000.00
Entry tax expenses paid 51,703.00
Total 4,482,711.00
Legal and professional Expenses
Cost Audit Fees 70,000.00
Filling Fees ROC 11,400.00
Professional Charges 4,842,846.00
Total 4,924,246.00
Communication Expenses
261
Postage & Telegram 13,432.00
Advertisement 50,225.00
Telephone Mobile & Internet Exp 105,705.00
Total 169,362.00
Power And Fuel Charges
Vehicle Running Expenses Deisel 2,377,072.00
Electric Bill Charge 36,359,231.00
Total 38,736,303.00
Repairs & Mainetance To Plant & Machineries
Repair & Maintenance 1,835,887.00
Repair & Maintenance Solar 303,250.00
Repair & Maintenance [Cranes] 252,627.00
Repair & Maintenance [Furnace] 6,608,733.00
Total 9,000,497.00
Miscellaneous Expenses
Medical Expenses 74,165.40
Nursery Expenses 96,558.00
OFFICE EXP. 10,099.00
Pooja Expenses 4,580.00
Sales Promotion Expenses 135,227.00
SteelMint Info Services Llp 10,800.00
Tender & Registration Exp. 11,410.00
Weightment Charges 240.00
Bank Rating Charges 177,475.00
Calibration Charges 85,913.00
Certification Charges 101,795.00
Outward Transport Exp. 449,677.00
Subscription & Membership A/c 32,382.00
Testing Charges 805.00
Total 1,191,126.40
262
[300100] Notes - Revenue

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of revenue explanatory [TextBlock] ATTACHED ATTACHED
Description of accounting policy for recognition of revenue ATTACHED ATTACHED
Description of circumstances in which revenue recognition has been
ATTACHED ATTACHED
postponed pending resolution of significant uncertainties
Share revenue from operations joint ventures 0 0
[202200] Notes - Effects of changes in foreign exchange rates

01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on effect of changes in foreign exchange rates
ATTACHED ATTACHED
Description of reason why reporting currency is different from
ATTACHED ATTACHED
currency of country in which enterprise is domiciled
Description of reason for change in reporting currency ATTACHED ATTACHED
Details of change in classification of significant foreign operation
[Abstract]
Nature of change in classification of significant foreign operation ATTACHED ATTACHED
Reason for change in classification of significant foreign operation ATTACHED ATTACHED
Impact of change in classification of significant foreign operation
0 0
on shareholders' fund
Impact on net profit or loss of change in classification of
significant foreign operation for each prior period ATTACHED ATTACHED
presented [TextBlock]
Disclosure of enterprise's foreign currency risk management policy ATTACHED ATTACHED
Amount of foreign currency exposure that is not hedged by derivative
0 0
instrument
Disclosure of fact of exercise of option mentioned in AS 11 para 46 and 46A ATTACHED ATTACHED
Amount remaining to be amortized in foreign currency monetary item
0 0
translation difference asset account as of reporting date
Amount remaining to be amortized in foreign currency monetary item
0 0
translation difference liability account as of reporting date
263
[300700] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Key managerial personnels and directors [Axis] Column 1 Column 2
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
Disclosure of key managerial personnels and directors and remuneration to key
managerial personnels and directors [Abstract]
Disclosure of key managerial personnels and directors and remuneration to key
managerial personnels and directors [LineItems]
BASANT KUMAR BABITA BASANT
Name of key managerial personnel or director AGRAWAL AGRAWAL
Director identification number of key managerial personnel or director 00293472 07040070
Permanent account number of key managerial personnel or director ACIPA5940K ACJPA2377H
Date of birth of key managerial personnel or director 20/01/1961 15/07/1968
Designation of key managerial personnel or director Director Director
Qualification of key managerial personnel or director GRADUATE GRADUATE
Shares held by key managerial personnel or director [shares] 30,11,340 [shares] 1,28,900
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Salary key managerial personnel or director 24,00,000 24,00,000
Perquisites key managerial personnel or director 0 0
Profits in lieu of salary key managerial personnel or director 0 0
Gross salary to key managerial personnel or director 24,00,000 24,00,000
Sitting fees key managerial personnel or director 0 0
Stock option key managerial personnel or director 0 0
Sweat equity key managerial personnel or director 0 0
Commission as percentage of profit key managerial personnel or director 0 0
Other commission key managerial personnel or director 0 0
Other compensation key managerial personnel or director 0 0
Total key managerial personnel or director remuneration 24,00,000 24,00,000
Ceiling as per act key managerial personnel or director remuneration 0 0

01/04/2017
to
31/03/2018
Disclosure of key managerial personnels and directors and remuneration
ATTACHED
to key managerial personnels and directors explanatory [TextBlock]
264
[301000] Notes - Corporate social responsibility
Classification of CSR spending [Table] ..(1)

Classification of CSR spending [Axis] Column 1
01/04/2017
to
31/03/2018
Disclosure of CSR spending [Abstract]
Details of CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [LineItems]
CSR project or activity identified ATTACHED
Sector in which project is covered Health care
Whether projects or programs undertaken in local area or other True
Name of state or union territory where projects or programs was undertaken Chhattisgarh
Name of district where projects or programs was undertaken RAIPUR
Budget amount outlay project or program wise 28,22,000
Amount spent on projects or programs [Abstract]
Direct expenditure on projects or programs 0
Overheads on projects or programs 0
Total amount spent on projects or programs 0
Cumulative expenditure upto reporting period 0
Expenditure on administrative overheads 0
Other implementing
Mode of amount spent agencies
Disclosure of net profits for last three financial years [Table] ..(1)
Financial year 1 Financial year 2 Financial year 3
Net profits for last three financial years [Axis]
[Member] [Member] [Member]
01/04/2017 01/04/2017 01/04/2017
to to to
31/03/2018 31/03/2018 31/03/2018
Disclosure of net profits for last three financial years [Abstract]
Disclosure of net profits for last three financial years [LineItems]
Description of financial year 2016-17 2015-16 2014-15
Profit before tax of financial year 6,69,73,053 7,69,48,674.36 5,71,01,702.24
Net profit computed u/s 198 and adjusted as per rule 2(1)(f)
6,65,84,960 6,99,70,586 5,80,20,353
of Companies (CSR Policy) Rules, 2014
265

01/04/2017
to
31/03/2018
Disclosure of corporate social responsibility explanatory [TextBlock] ATTACHED
Whether provisions of corporate social responsibility are applicable on
Yes
company
Disclosure of composition of CSR committee [TextBlock] ATTACHED
Whether company has written CSR policy Yes
Details CSR policy [TextBlock] [See below]
Disclosure overview of projects or programs proposed to be
ATTACHED
undertaken CSR policy
Disclosure web link of company at which CSR policy is placed ATTACHED
Disclosure web link projects or programs undertaken CSR policy ATTACHED
Disclosure other contents CSR policy ATTACHED
Average net profit for last three financial years 6,48,58,633
Prescribed CSR expenditure 12,97,172.66
Amount CSR to be spent for financial year 12,97,172.66
Amount CSR spent for financial year 0
Amount spent in local area 0
Amount spent on construction/acquisition of any asset in cash 0
Amount spent on construction/acquisition of any asset yet to
0
be paid in cash
Total amount spent on construction/acquisition of any asset 0
Amount spent on purposes other than construction/acquisition
0
of any asset in cash
Amount spent on purposes other than
0
construction/acquisition of any asset yet to be paid in cash
Total amount spent on purposes other than
0
construction/acquisition of any asset
Amount unspent CSR 0
Disclosure manner in which amount CSR spent during financial year
ATTACHED
Details of implementing agency ATTACHED
Disclosure responsibility statement of CSR committee that
implementation and monitoring of CSR policy is in compliance ATTACHED
with CSR policy of company
266
Details CSR policy [Text Block]
Corporate
Social
Responsibility
(CSR) Policy
1 Introduction
Khyati Ispat
Private Limited
(hereinafter
referred as the
company) is a
Private
Company
incorporated and
domiciled in
India. The
company is
engaged in
manufacturing
and selling of
Re-Rolled
Products.
The Act,
Schedule and
Rules for CSR
have come into
effect from the
first day of April,
2014, with
defined
threshold for
corporates.
Companies that
earn a net profit
of INR 5 Crores
or more during
any financial
year are
required to
spend at least
two per cent
(2%) of their
average net
profits, made
during the three
preceding
financial years
on CSR activities
and/or report the
267
reason for
spending or
non-expenditure.
The companies
are also required
to report the
expenses made
for CSR
268
activities in the
annual financial
report.
We never lose
sight of our
responsibility to
the environment
and society. Our
commitments
towards
Corporate Social
Responsibility
include but not
limited to,
promotion of
education and
healthcare,
energy and
climate change,
and betterment
of the society
through respect
for universal
human rights
and the
environment,
acting with
integrity and
accountability
and operating
responsibly and
sustainably.
Objective and
2
Scope
The main
objective of the
CSR Policy is to
lay down
guidelines to
make positive
contribution to
society through
effective impact
and sustainable
development
programs for
benefit of
Society. This
Policy covers the
proposed CSR
activities to be
undertaken by
the Company
and ensuring
that they are in
line with
Schedule VII of
269
the Act as
amended from
time to time. It
covers the CSR
activities which
are being carried
out in India only
and includes
strategy that
270
defines plans for

future CSR
activities.
The CSR
activities of the
Company shall
include, but not
limited to any or
all of the
sectors/activities
as may be
prescribed by
Schedule VII of
the Companies
Act, 2013
amended from
time to time.
Further, the
Company will
review the
sectors/activities
from time to time
and make
additions/
deletions/
clarifications to
the above
sectors/activities.
Corporate Social
Responsibility
3
(CSR)
Committee
3.1 Constitution
Pursuant to the
provisions of
Section 135 of
the Act, and
considering that
our company is
a private limited
company, the
Board of
Directors shall
constitute the
Corporate Social
Responsibility
(CSR)
Committee.
Accordingly, the
constitution of
271
CSR Committee
formed by Khyati
272
Ispat Private
Limited is as
follows:
Name of the Designation in

S.N. Designation
member committee
Shri Basant
1 Kumar Member Director
Agrawal
Smt. Babita
2 Member Director
Agrawal
Functions and
3.2 Powers of
Committee
To effectively
implement the
objectives of the
Company with
respect to CSR,
the Committee is
vested with the
following
functions and
powers:
Formulate
CSR Policy
and
recommend
(a) the same to
the Board of
Directors of the
Company for
approval.
Recommend
CSR activities
as stated
(b)
under
Schedule VII
of the Act.
Approve to
undertake
CSR activities,
if necessary, in
collaboration
with
273
Companies /
firms / NGOs
etc., and to
separately
report the
(c)
274
same in line
with the CSR
Rules.
Recommend
(d) the CSR
Budget.
Spend the
allocated CSR
amount on the
CSR activities
once it is
approved by
(e) the Board of
Directors of the
Company in
accordance
with the Act
and the CSR
Rules.
Create
transparent
monitoring
mechanism for
(f)
implementation
of CSR
initiatives in
India.
Submit the
Reports to the
Board in
(g) respect of the
CSR activities
undertaken by
the Company.
Monitor CSR
(h) Policy from
time to time.
Monitor
activities of
internal
working, who
are authorized
(i) to ensure that
the CSR
activities of the
Company are
implemented
effectively.
275
Authorize
executives of
the Company
(j) to attend the
CSR
Committee
Meetings, if
necessary.
Meetings of the
3.3
Committee
For smooth
functioning of
the Committee,
the members
shall meet to
discuss such
matters as below
and to take such
decisions as
may be
necessary;
The CSR
Committee
shall hold a
minimum
number of four
meetings of its
Board of
Directors every
year in such a
(a) manner that
not more than
one hundred
and twenty
days shall
intervene
between two
consecutive
meetings of
the Committee.
The members
of the
Committee
may mutually
(b) agree between
them regarding
time and place
for the said
meetings.
The quorum
for the CSR
Committee
Meeting shall
276
be one-third of
its total
strength (any
fraction
contained in
that one-third
be rounded off
as one) or two
(c)
277
members,
whichever is
higher.
The Members
of the
Committee
may participate
in the meeting
either in
(d) person or
through video
conferencing
or other audio
visual means
as may be
convenient.
4 CSR Spend
Net profit for the

purpose of
allocation
towards CSR
means profit
more fully
described under
Rule 2(f) of the
CSR Rules. The
CSR expenditure
shall include all
expenditure
including
contribution to
corpus or on
projects or
programs
relating to CSR
activities
approved by the
Board of
Directors on the
recommendation
of its CSR
Committee but
does not include
any expenditure
on an item not in
conformity or not
in line with
activities stated
under Schedule
VII of the Act.
If the Company
fails to spend the
required amount
in a particular
278
financial year, it
is the duty of the
Committee to
submit a report
in writing to the
Board of
Directors
specifying the
reasons for not
spending the
amount, which in
turn shall be
reported by the
Board of
Directors in their
Annual Report
279
pertaining to that
particular
Financial Year.
5 CSR Initiatives
Pursuant to
Schedule VII of
the Act and the
CSR Rules, the
Company shall
undertake CSR
activities
included in its
Annual CSR
Plan, as
recommended
by the CSR
Committee at
the beginning of
each year. The
Committee is
authorized to
approve any
modification to
the existing
Annual CSR
Plan or to
propose any
new program
during the
financial year
under review.
Annual CSR
5.1
Plan
The Annual CSR

Plan is a yearly
plan of CSR
activities that
would be placed
before the Board
of Directors of
the Company
based on
recommendation
of its CSR
Committee
which outlines
inter alia the
following aspects
of CSR
initiatives of the
Company:
280
• Project
Proposals
• Targeted
Beneficiaries
and their key
needs
• Alignment with
Schedule VII
• Project Goals
and milestones
• Activities and
Timelines
including
expected closure
dates
• CSR Budget
with projections
• Monitoring
mechanism
• Progress
reporting and
frequency of
reports
• Risks and
mitigation
strategies
• Any other
information as
may be required
by the CSR
Committee
5.2 Collaboration
It is expressly
allowed under
the CSR Rules
281
that the
Company may
collaborate with
any other
Company or
association
formed in this
regard subject to
approval by CSR
Committee, to
implement CSR
activities and the
same shall form
282
a part of the
Annual CSR
Plan.
Disqualifying
5.3 Activities for
CSR
The CSR
Rules
disqualifies the
CSR projects
and programs
that are
implemented
(a)
by the
Company for
benefit of the
employees of
the Company
and their
families.
The CSR
activities
implemented
outside India
also fall
outside the
purview of the
(b) Rules and
hence CSR
expenditure on
such activities
will not be
considered for
inclusion in the
CSR Report.
Any amount
directly or
indirectly
contributed
towards any
(c) political party
under Section
182 of the Act
shall not be
considered as
CSR Spend.
Activities that
are undertaken
by the
Company in
pursuance of
its normal
course of
283
business will
(d)
284
not be
considered as
CSR activities.
Monitoring
5.4
Mechanism
An Internal
Working and
Monitoring
Group (IWMG)
comprising of
employees of
the Company will
be set up to
ensure effective
implementation
and monitoring
of the projects
approved by the
CSR Committee
from time to
time.
The IWMG shall

submit reports to
the CSR
Committee of
the Company at
least once in six
months on the
progress of the
various projects
approved by the
Committee and
entrusted to the
Group for
implementation
and monitoring.
5.5 Reports
The Internal
Working and
Monitoring
Group shall
assist the CSR
Committee to
prepare reports
that are required
to be placed
before the
Board. The
format of the
Report shall be
the format
285
prescribed under
the CSR Rules
stated
hereunder:
Amount
CSR Project or Sector which Budget
Project or spent on
S.N. Activity the project is (Project or
Programs Project or
Identified covered Program)
Program
1) Local
Areas,
2) Specify
the state
and district
where a. Direct
projects or Expenditure
programs
was
undertaken
b.
Overheads
Reporting and
6 publication of
CSR policy
As per the CSR

Rules, the
contents of the
CSR Policy shall
be included in
the Directors’
Report and the
same shall be
displayed on the
Company’s
website, if any.
Policy review
7 and future
amendment
The
286
administration of
the CSR Policy
of the Company
and the
execution of
identified CSR
projects,
programs and
activities under it
shall be carried
out under the
control and
overall
supervision of an
internal
monitoring group
formed for this
purpose. At the
time of formation
of this policy, the
internal
monitoring group
shall consist of:
Shri Basant
(a) Kumar
Agrawal
Smt. Babita
(b)
Agrawal
This is certify
that above
Page No. 1 to
5 of
Corporate
Social
Responsibility
(CSR) Policy
has been
approved by
the BOD in
their meeting
held on dated
15th April
2017.
[Basant [Smt.
Kumar Babita
Agrawal] Agrawal]
( Director ) ( Director)
287
DIN-00293472 DIN-07040070
288

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KHYATI ISPAT PRIVATE LIMITED

Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[400100] Disclosure of general information about company

Disclosure of principal product or services [Table] ..(1)

[400400] Disclosures - Directors report

Details of directors signing board report [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

Your Directors take

The summarized financial

Less : Interest 7,05,56,953 7,90,40,276

Depreciation & Tax 12,51,30,882 10,44,30,875

Less: Depreciation 4,17,01,745 3,74,57,822

Profit before Tax 8,34,29,137 6,69,73,052

Less: Provision for

Less/(Add): Provision for

Profit/(Loss) after tax 5,51,34,490 4,30,85,113

Add: Profit B/F. from

Profit carried over to

During the year under

Your directors do not

During the year, the board

Directors and Key

As non of the employees

During the financial year

Shri Basant Kumar

Smt. Babita Agrawal

Eleven board meetings

The brief outline of the

Statutory Auditors and

The Auditors, M/s Ray

The Board proposes the

Pursuant to the provisions

Extract of Annual Return:

The extract of Annual

Material Changes and

There have been no

All the related party

As per the requirement of

During the year the

The Particulars of Loans,

enjoying credit rating of

In accordance with the

The Directors would like

POWER & FUEL

Unit 37,96,710 40,51,620

Unit 19,08,000 20,85,369

Total Cost (Rs.) 44,54,100 48,77,950

Units per Ltr. of

ii. Through Steam

Units per of the

M.T. 9,769.010 7,486.490

Total Cost 7,18,63,579 4,82,14,313

Average Rate Per

M.T. (Rs.) 7,356.28 6,440.18

Quantity (In Ltrs.) - 3,12,400

Quantity (In Kilo

Average Rate Per

(Product -in MT) 68,208.180 66,788.933 386.973

Electricity (Unit) 83.64 60.30 62.82

Electricity (Rs.) 311.00 468.53 488.12