AFFLUENCE

1.          FINANCIAL SUMMARY / PERFORMANCE OF THE COMPANY:   The standalone financial results for the year ended March 31, 2018 and the corresponding figures for the last year are as under:- INR in Lakh Particulars 2017 – 18 2016 – 17 Total Income 79,992 64,545 Total Expense 77,231 61,227 Profit / (Loss) before exceptional, extraordinary items and Tax 2,761 3,318 Exceptional & extraordinary items - - Tax Expenses             Current Tax Expensed             For Previous Year             Deferred Tax charge (Credit)             Wealth Tax   580 1,959 - -   735 1,663 - - Profit / (Loss) after Tax 222 920   2.          BRIEF DESCRIPTION OF THE COMPANY'S WORKING DURING THE YEAR / STATE OF COMPANY'S AFFAIR:   During the year under review, the Company’s total income is Rs. 79,992 Lakh as compare to Rs. 64,545 Lakh for the previous year. Company’s profit after tax for the year is Rs. 222 Lakh whereas previous year Company had a profit after tax of Rs. 920 Lakh. Figures of the previous year are regrouped to prepare the Financial Statement as per Ind AS requirement.    

1.          CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING AND OUTGO:   The details of conservation of energy, technology absorption, foreign exchange earnings and outgo are as follows:   Conservation of energy   (i) the steps taken or impact on conservation of energy Company's operation does not consume significant amount of energy. (ii) the steps taken by the company for utilizing alternate sources of energy. Not applicable, in view of comments in clause (i) (iii) the capital investment on energy conservation equipment's Not applicable, in view of comments in clause (i)    

Technology absorption   (i) the effort made towards technology absorption N.A. (ii) the benefits derived like product improvement cost reduction product development or import substitution N.A. (iii) in case of imported technology (important during the last three years reckoned from the beginning of the financial year) N.A.   (a) the details of technology imported     (b) the year of import;     (c) whether the technology been fully absorbed     (d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof   (iv) the expenditure incurred on Research and Development N.A.    

 Foreign exchange earnings and outgo   During the year, the total foreign exchange used was Rs. 10,88,44,322/- and the total foreign exchange earned was Rs. Nil.        

1.          DIRECTORS'S RESPONSIBILITY STATEMENT:   The Director's Responsibility Statement referred to in clause (c) of Sub- section (3) of Section 134 of the Companies Act, 2013 state that:-   a.    In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;   b.   The Director had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit and loss of the Company for that period;   c.    The Director had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;   d.   The Directors had prepared the annual accounts on a going concern basis; and   e.    The Directors had devised proper system to ensure compliance with the provisions of all applicable laws and that such system were adequate and operating effectively.