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Notes to Accounts of Filtra Consultants & Engineers Ltd.

Mar 31, 2015

1 Nature of Operations

The Company was Incorporate on 24th May, 2011. The Company Mainly in Trading Activity of Water Treatment system Business such as Membrane, Multi port Valve, Cartridge, Vessels, Tank, Pump, Ph Meter, Orp Meter, Conductivity Meter UV Purifiers, High pressure pumps, pressure switch, level switch and such other items which used for the purpose of Industrial watertreatment plant. The Company Operates through its Business in Mumbai, Pune and Ahmedabad.

2. The year end balance of sundry creditors are subject to confirmation and reconciliation.

3. As per information given to us,there is no overdue amount payable to Micro,Small and Medium enterprises as defined under The Micro,Small and Medium Enterprises development Act, 2006, based on the information available with the company. Further the comapny has not paid any interest to any Micro,Small and Medium enterprisesduring the current year. This disclosure is on the basis of the information available with the company regarding the status of the suppliers. this has been relied upon by the auditors.

4. Related Party Disclosures

Related party transactions

Details of related parties:

Description of relationship Names of related parties

Key Management Personnel (KMP) Ketan Khant

Key Management Personnel (KMP) Anjali Khant

Key Management Personnel (KMP) Ashfak Mulla

Relatives of KMP Rehana Mulla

5. Contingent liabilities and commitments (to the extent not provided for)

For the year For the yea Particulars ended ended 31 March, 2015 31 March, 2014

i Contingent liabilities

(a) Claims against the Company not acknowledged as debt NIL NIL

(b) Guarantees NIL NIL

(c) Other money for which the Company is contingently liable NIL NIL

ii Commitments

The Company has not provided any contractual commitment as on date which will have material effect on the financial statement of the compny

6. Details of Transaction in foreign Currency on account of:

For the year For the year Note Particulars ended ended 31 March, 2015 31 March, 2014

(i) Export 1,264,912.00 1,540,736.00

(ii) Foreign Travelling 656,707.00 202,574.00

2,921,619.00 1,743,310.00

7. Public Issue Expenses

The Company has incurred some expenses for its IPO which has been currently considered under head Other Current Assets. In The Next Financial year entire spending towards Public Issue will be write off against Securities Premium Account.

8. Previous year's figures

Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.

9. Public Issue

The Company has come out with Initial Public Offer (IPO) with Bombay Stock Exchange on SME Platform. The Allotment of the same was pending as on March 31, 2015 since the Issue was closed for an offer on March 30,2015. The Allotment money which Company has received till March 31,2015 has been shown as Share Application Money received pending for allotment. The Allotment was finalised on April 10, 2015 and Shares got listed with BSE on April 15, 2015.

10. Employee benefit plans

Defined benefit plans

The Company offers the following employee benefit schemes to its employees:

i. Gratuity

The following table sets out the funded status of the defined benefit schemes and the amount recognised in the financial statements:

Particulars For the year For the year ended ended 31 March, 2015 31 March, 2014

Gratuity Gratuity

Components of employer expense

Current service cost 1,088,051.00 -

Interest cost 64,901.00 -

Expected return on plan assets - -

Curtailment cost / (credit) - -

Settlement cost / (credit) - -

Past service cost - -

Actuarial losses/(gains) 404,564.00 -

Total expense recognised in the Statement of Profit and Loss 1,557,516.00 -

Actual contribution and benefit paymentsfor year

Actual benefit payments - -

Actual contributions - -

Net asset / (liability) recognised in the Balance Sheet

Present value of defined benefit obligation 1,557,516.00 -

Fair value of plan assets - -

Funded status [Surplus / (Deficit)] (1,557,516.00) -

Unrecognised past service costs - -

Net asset / (liability) recognised in the Balance Sheet (1,557,516.00)

Particulars For the year For the year ended ended 31 March, 2015 31 March, 2014

Gratuity Gratuity

Change in defined benefit obligations (DBO) during the year

Present value of DBO at beginning of the year - -

Current service cost 1,088,051.00 -

Interest cost 64,901.00 -

Curtailment cost / (credit) - -

Settlement cost / (credit) - -

Plan amendments - -

Acquisitions - -

Actuarial (gains) / losses 404,564.00 -

Past service cost - -

Benefits paid - -

Present value of DBO at the end of the year 1,557,516.00 -

Change in fair value of assets during the year

Plan assets at beginning of the year -

Acquisition adjustment - -

Expected return on plan assets - -

Actual company contributions - -

Actuarial gain / (loss) - -

Benefits paid - -

Plan assets at the end of the year - -

Actual return on plan assets - -

Composition of the plan assets is as follows:

Government bonds - -

PSU bonds - -

Equity mutual funds - -

Others - -

Actuarial assumptions

Discount rate 8.00% 0

Expected return on plan assets 0.00% 0

Salary escalation 7.00% 0

 
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