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Notes to Accounts of Kerala Ayurveda Ltd.

Mar 31, 2018

Notes to Account

Kerala Ayurveda Limited Note 5: Property, plant and equipment										Amount in "
At Cost	Land Building	Plant & Machinery	Electrical Fittings	Furniture & Fixtures	Office Computer & Equipments Accessories		Vehicles	Misc. Fixed Assets	Total	WebDev, Capital work Expenditure in progress
Gross Block as at 1st April 2016	11,15,44,126 4,65,88,298	3,82,53,977	49,11,231	2,89,96,759	98,86,347	88,05,141	24,24,181	24,94,436	25,39,04,497	5,30,33,881
Other acquisition	2,57,740 22,79,113	9,91,080	92,490	8,46,448	8,64,820	1,06,285	15,69,805	-	70,07,781	10,27,979 78,09,555
Disposal	-	15,525	5,850	18,000	-	-	-	-	39,375	-
Gross Block as at 31st March 2017	11,18,01,866 4,88,67,411	3,92,29,532	49,97,871	2,98,25,207	1,07,51,167	89,11,426	39,93,986	24,94,436	26,08,72,903	10.27,979 6,08,43,436
Other acquisition	- 7,86,542	2,57,394	1,82,174	7,06,365	22,33,416	8,09,677	35,330	-	50,10,897	- 2,56,15,807
Disposal	-	-	64,872	15,000	10,450	16,125	15,348	-	1,21,795	-
Gross Block as at 31st March 2018	11,18,01,866 4,96,83,953	3,94,86,926	51,15,173	3,05,16,572	1,29,74,133	97,04,978	40,13,968	24,94,436	26,57,62,004	10,27,979 8,64,59,243
Depreciation & Impairment
Balance as at 1st April 2016	â¢ 2,10,07,631	2,63,45,689	37,88,232	2,12,96,915	90,30,428	82,92,331	13,71,542	1,44,226	9,12,77,194	â¢
Depreciation charge for the year	- 11,33,754	13,69,787	2,61,625	17,66,364	4,26,985	2,38,020	2,65,565	-	54,62,100	1,77,830
Disposal	-	6,928	5,558	17,770	-	-	-	-	30,256	-
Balance as at 31st March 2017	â¢ 2,21,41,385	2,77,08,549	40,44,299	2,30,45,509	94,57,613	85,30,352	16,37,107	1,44,226	9,67,09,038	1,77,830
Depreciation charge for the year	- 10,51,996	13,59,728	1,21,871	10,10,382	6,96,011	2,18,406	4,11,078	-	48,69,474	1,87,488
Disposal	-	-	37,531	15,000	10,450	15,319	-	-	78,299	-
Balance as at 31st March 2018	â¢ 2,31,93,381	2,90,68,277	41,28,640	2,40,40,891	1,01,43,174	87,33,439	20,48,185	1,44,226	10,15,00,213	3,65,318
Carrying Value
As at 1st April 2016	11,15,44,126 2,55,80,667	1,19,08,288	11,22,999	76,99,844	8,55,719	5,12,810	10,52,639	23,50,210	16,26,27,302	â¢ 530,33,881
As at 31st March 2017	11,18,01,866 2,67,26,027	1,15,20,983	9,53,572	67,79,698	12,93,554	3,81,074	23,56,879	23,50,210	16,41,63,864	8,50,149 6,08,43,436
As at 31st March 2018	11,18,01,866 2,64,60,572	1,04,18,649	9,86,533	64,75,680	28,30,958	9,71,539	19,65,783	23,50,210	16,42,61,792	6,62,661 8,64,59,243

Notes forming part of the financial statements for the year ended 31st March, 2018				Amount in
Note No.	Particulars	As at 31st March 2018	As at 31st March 2017	As at 1st April 2016
6	Non-Current Investments
	In Subsidiary conpanies
	(Unquoted, At cost)
	16,65,000 equity shares of Rs 10 each in	64,286,600	64,286,600	64,286,600
	Ayurvedagram Heritage Wellness Centre Pvt Ltd
	100 Common stock of no par value in Suveda Inc., USA	5,620	5,620	5,620
	100 Common stock of no par value in Ayu Natural	21,516,252	21,516,252	21,516,252
	Medicines Clinic PS., USA
	100 Common stock of no par value in Ayurvedic
	Academy Inc., USA	27,242,710	27,242,710	27,242,710
	817 Common stock of USD 1 par value in
	CMS Katra Holdings LLC, USA	34,853	34,853	34,853
	6201 Shares efface value 1 Sing $ in Nutravada Pte Ltd, Singapore	281,935	281,935	281,935
	Non Trade
	(Quoted, At cost)
	550 equity shares of Rs 10 each fully paid up in
	Canara Bank Ltd(Quoted) Market Value Rs 264.25	27,850	27,850	17,500
	last Year Rs 303 per share
	(Unquoted, At cost)
	1 1 4 Equity Shares of Rs. 1 0OOO/- each in	1,262,500	1,262,500	1,262,500
	Confederation for Ayurvedic Renaisance Keralam Pvt Ltd
	Total	114,658,320	114,658,320	114,647,970
	Market Value of quoted Investments	145,338	166,650	94,975
	Aggregate amount of unquoted investments	114,630,470	114,630,470	114,630,470
7	Financial Assets -Loans
	Loans to Subsidiaries	177,497,878	183,401,041	171,402,842
	Total	177,497,878	183,401,041	171,402,842
8	Financial Assets- Other Financial assets
	Bank Deposits with original maturity for more than 12 months	3,466,819	3,535,073	3,241,887
	Deposits with Govt. Authorities	1,088,027	1,022,159	978,772
	Deposits with others	7,795,442	9,061,027	7,892,351
9	Total	12,350,288	13,618,259	12,113,010
9	Income Tax Assets) Net)
	Income Tax Advance	3,311,583	3,401,578	3,341,412
	MAT Credit Entitlement	13,666,943	6,733,166	-
	Total	16,978,526	10,134,744	3,341,412
10	Inventories
	Finished Goods	32,520,415	27,558,641	26,694,848
	Goods in transit	416,766	1,335,931	329,956
	Furnace Oil	230,076	376,419	116,486
	Packing Material	3,796,657	3,288,537	2,488,594
	Raw Material	11,164,228	7,765,617	6,552,292
	Stores & Spares	93,841	80,718	69,074
	Work in Progress	19,087,051	20,318,314	18,649,706
	WIP Nurse Training Deferred	32,321,902	32,321,902	32,383,402
	Total	99,630,938	93,046,079	87,284,358

Note No.	Particulars	As at 31st March 2018	As at 31st March 2017	As at 1st April 2016
11	Financial asset- Trade Receivables
	Secured, considered good	-	-	-
	Unsecured, considered good	71,678,766	62,177,207	52,607,728
	Doubtful	-	-
	Less: Allowance for doubtful debts	-	-
	Total	71,678,766	62,177,207	52,607,728
12	Cash and cash equivalents
	Balances with banks
	(i) In Current accounts	28,897,121	11,688,470	15,333,262
	Cash on Hand	1,715,029	968,148	439,112
	Cheques, drafts on hand	12,802,226	936,743	838,919
	Total	43,414,376	13,593,361	16,611,293
13	Other Current assets
	Advance for Purchase	7,006,079	16,046,790	2,083,827
	Other Advances	62,406,687	25,133,740	9,946,817
	Advance to employees	445,780
	Advance to Vendor	142,100,000
	Prepaid expense	500,391	394,708	515,575
	Total	212,458,936	41,575,238	12,546,219
16	Financial Liabilities- Borrowings) Non Current)
	Vehicle Loan	568,445	935,246	272,294
	Katra Holding Pvt Ltd	186,824,922	174,602,731	163,180,122
	ECL FINANCE LIMITED	200,000,000	-	-
	Total	387,393,367	175,537,977	163,452,416
17	Financial Liabilities- Provisions) Non Current)
	Provision for Gratuity	34,044,691	28,608,518	27,343,466
	Total	34,044,691	28,608,518	27,343,466
18	Other Non Current liabilities
	Deposits Received from Business associates	3,715,000	3,915,000	3,867,500
	Total	3,715,000	3,915,000	3,867,500
19	Financial Liabilities- Borrowings(Current)
	Secured loan repayable on demand
	Kotak Mahindra Bank-Ernakulam (CC)	13,350,234	16,370,695	22,700,901
	Kotak Mahindra Bank-Ernakulam (OD)
	Kotak Mahindra Bank-Bangalore (CC)	57,882,943	61,005,768	49,017,820
	Kotak Mahindra Bank-Bangalore (OD)	30,239,342	14,992,549
	Kotak Mahindra Bank Short Term Loan	20,161,370	20,000,000	20,000,000
	(Credit Facilities from Kotak Mahindra Bank are secured Against
	exclusive charge on entire current assets of the Company
	both present and future , Collateral in the form of equitable mortgage of
	land belonging to the Company in Kalloor Thekkummuri Village , Trichur
	District and mortgage of land belonging to Chairman situated at
	Bangalore
	and personal guarantee of Chairman )
	Secured loan repayable on demand
	ICD from Tata Global Beverages Limited	42,500,000	42,500,000	47,500,000
	( E M of 2 Acres and 4 Guntas of land bearing Survey no 49 of
	Sonnapanahalli Village, Doddaballapur Taluk, Bengaluru belong to
	Arudrama )
	Kotak Mahindra Bank STL	8,343,984	10,833,736	4,472,737
	(Secured by Lein on Fixed Deposit of Rs 28,41, 133/- held with Kotak
	Mahindra Bank and personal guarantee of Directors)
	Katra Holding Pvt Ltd	136,081,741	178,579,241	196,029,241
	Total	308,559,613	344,281,988	339,720,700

Note No.	Particulars	As at 31st March 2018	As at 31st March 2017	As at 1st April 2016
20	Trade payables
	Trade payables outstanding dues to Micro, small and medium
	enterprises under MSMED Act, 2006	-	2,403,989	3,413,549
	Sundry Creditors- Mfgs.	25,606,421	16,072,320	11,358,165
	Sundry Creditors- Others	6,465,684	3,615,334	2,177,242
	Total	32,072,105	19,687,654	13,535,407
21	Other Current liabilities
	Other payables
	Advances from Customers	3,251,688	2,765,722	2,060,034
	Statutory Liabilities
	VAT Payable		894,447	812,170
	TDS Payable	5,072,361	935,715	1,535,832
	P F ,ESI Etc	1,447,683	1,424,798	1,295,076
	GST	231,885
	Accrued Employee Liabilities
	T A Payable	1,143,772	917,446	658,755
	Salary Payable	9,720,578	10,493,855	6,218,015
	Loans repayable within one year-HP Loan	366,801	464,435	163,551
	Rent Payable	6,983,377	4,414,123	4,023,981
	Other Current Liabilities	4,876,308	3,789,296	3,008,632
	Provision for Gratuity- current	4,033,052	2,956,534	2,656,534
	Total	37,127,504	29,056,370	22,432,580
22	Provisions
	Provision - Others:
	Bonus Payable	5,931,012	5,602,528	3,623,993
	Leave Encashment Payable	970,755	798,575	497,171
	Provision for MAT	6,933,779	6,733,166	-
	Total	13,835,546	13,134,269	4,121,164

Note No.14

Particulars	As at 31st March, 2018		As at 31st March, 2017		As at 1st April, 2016
	Number of shares	Amount In Rs	Number of shares	Amount In Rs	Number of shares	Amount In Rs
Share capital
(a) Authorised Capital
Equity shares of Rs 10/- each with voting rights	12,000,000	120,000,000	12,000,000	120,000,000	12,000,000	120,000,000
(b) Issued Capital
Equity shares of Rs 10/- each with voting rights	10,555,670	105,556,700	10,555,670	105,556,700	10,555,670	105,556,700
(c) Subscribed and fully paid up
Equity shares of Rs 10/- each with voting rights	10,555,670	105,556,700	10,555,670	105,556,700	10,555,670	105,556,700
Total	10,555,670	105,556,700	10,555,670	105,556,700	10,555,670	105,556,700
Notes: (i) Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the reporting period:
Particulars		Opening Balance	Fresh issue	Buy back	Closing Balance
Equity shares with voting rights Year ended 31 March, 2018
- Number of shares		10555670			10,555,670
-Amount (In Rs.)		105,556,700			105,556,700
Year ended 31 March, 2017
- Number of shares		10,555,670	-	-	10,555,670
-Amount (In Rs.)		105,556,700			105,556,700
Year ended 31 March, 2016
- Number of shares		10,555,670			10,555,670
-Amount (In Rs.)		105,556,700			105,556,700

(ii) Rights, Preferences and restrictions attached to Equity Shares:

The Company has one class of equity shares, having a par value of Rs 10 each. Each shareholder is eligible for one vote per share held. In the event

of liquidation, the Equity shareholders are eligible to receive the remaining assets of the company in proportion to their share holding.

There has been no movement in the issued, subsribed and paid up capital of the company.

(iii) Details of shares held by each shareholder holding more than 5% shares:

Class of shares / Name of shareholder	As at 31st March, 2018		As at 31st March, 2017		As at 1st April, 2016
	Number of shares held	% holding in that class of shares	Number of shares held	% holding in that class of shares	Number of shares held	% holding in that class of shares
Equity shares with voting rights
Katra Holdings Ltd	6,493,435	61.52%	6,493,435	61.52%	6,493,435	61.52%

(iv) Details of shares held by the holding company, the ultimate holding company, their subsidiaries and associates:

Particulars	Equity shares with voting rights-No of Shares
M/s Katra Holdings Ltd, the holding company	Opening Balance	Fresh issue	Buy back	Closing Balance

As at 31 March, 20M5	6493435			6493435
As at 31 March, 2017	6493435			6493435
As at 1st April 2016	6493435			6493435

Note No. 15 Other Equity

Particulars	As at 31st March 2018	As at 31st March 2017	As at 1st April 2016
Capital reserve	4541879	4541879	4541879
Share premium	114514976	114514976	114514976
General reserve	1798000	1798000	1798000
Retained Earnings	(49691570)	(78153310)	(99964586)
	71163285	42701545	20890269

Notes forming part of the financial statements for the year ended 31st March, 2018

Notes	Particulars	For the period ended 31st March, 2018	For the period ended 31st March, 2017
23	Revenue from Operations
	(a) Sale of products	347,509,762	323,288,241
	(b) Sale of services	90,172,970	72,876,614
	Total	437,682,732	396,164,855
	(i) Sale of products comprises: Sale of Ayurvedic Medicine	347,509,762	323,288,241
	Total	347,509,762	323,288,241
	(ii) Sale of services comprises:
	Treatment Income	71,467,776	67,552,339
	Other Service Income	8,003,991	4,882,877
	Other Operational Income	10,701,203	441,398
	Total	90,172,970	72,876,614
24 25	Other Income Interest Received	2,638,502	1,446,910
	Total	2,638,502	1,446,910
	Cost of materials consumed Raw Material Opening stock	7,765,617	6,552,292
	Add: Purchases	79,251,973	74,861,255
	Less: Closing stock	11,164,228	7,765,617
	(A)	75,853,362	73,647,930
	Packing Material Opening Stock	3,288,537	2,488,594
	Add: Purchase	19,928,497	19,474,002
26 27 28	Less: Closing Stock	3,796,657	3,288,537
	(B)	19,420,376	18,674,059

	Cost of material consumed(A B)	95,273,738	92,321,989
	Purchase of Stock In Trade Purchase of Medicines	3,121,161	3,143,718
	Total	3,121,161	3,143,718
	Changes in inventories of stock of F G, WIP & Stock in trade Inventories at the end of the year: Stock of FG.WIP & Stock in Trade	52,024,233	49,212,887
		52,024,233	49,212,887
	Inventories at the beginning of the year: Stock of FG.WIP & Stock in Trade	49,212,887	45,674,510
		49,212,887	45,674,510

	Net (increase) / decrease	(2,811,346)	(3,538,376)
	Employee benefits expense Salaries and wages	110,181,475	96,985,028
	Contributions to provident funds	8,545,228	7,073,575
	Staff welfare expenses	9,545,134	9,325,822
	Total	128271837	113,384,425

Notes	Particulars	For the period ended 31st March,	For the period ended 31st March,
		2018	2017
29	Finance costs
	(a) Interest expense on:
	(i) Borrowings	13,628,308	9,484,522
	(ii) Others
	- Interest on Vehicle Loans	1,966,030	544,393
	Total	15,594,338	10,028,915
30	Depreciation expense
	Depreciation	5,056,961	5,639,930
	Total	5,056,961	5,639,930
31	Other expenses
	Rent	15,797,877	12,087,289
	Bank Charges	4,624,787	1,341,708
	Rates and Taxes	399,198	846,213
	Legal & Professional charges	1,408,086	425,343
	Directors Sitting Fee	560,000	355,000
	Research and Development Expenses	309,753	342,512
	Travelling -Others	1,982,698	2,189,561
	Loss on sale of fixed Asset	11,341	6,063
	Bad Debts	-	611,983
	Repairs & Maintenance- Others	1,590,716	2,123,448
	Vehicle Maintenance	348,103	296,093
	Insurance	503,769	480,148
	Printing & Stationery	887,613	1,109,409
	Postage & Telephone	1,897,838	1,935,050
	Secretarial Expenses	1,608,732	1,478,730
	Repairs & Maintenance Branch assets	781,126	1,206,643
	Conveyance Expenses	2,434,545	1,847,029
	Canteen Expenses	2,308,583	2,196,305
	Electricity charges (Branches/Depot)	2,241,925	1,926,550
	Other Administrative Expenses	7,483,020	5,854,353
	Internal Audit fee	40,000	40,400
	Audit fee	125,000	126,250
	Travelling -Sales Staff	11,955,004	8,451,069
	Advertisements	353,763	354,941
	Commission & Discount	7,407,749	7,225,984
	Training Expenses	327,044	331,333
	Freight Outward	7,560,285	6,524,642
	Sales promotion exp	11,520,198	6,754,021
	Other Selling & Distribution Expenses	2,370,232	1,100,328
	Fuel Consumed	2,513,743	2,425,901
	Electricity charges	1,417,259	1,323,100
	Repairs to Plant & Machinery	931,145	1,103,030
	Repairs to Building	132,752	287,863
	Job Works	27,566,740	24,987,898
	Other Manufacturing Expenses	2,011,665	2,005,223
	Cultivation Expenses	141,807	276,636
	Treatment Expenses	7,438,702	7,242,030
	Indirect Taxes	30,814,058	35,095,445
	Total	161,806,859	144,315,525
	(i) Payments to the auditors comprises (net of
	service tax input credit, where applicable):
	As auditors - Statutory audit	125,000	126,250
	For management services
	Reimbursement of expenses	35,975	29,600
	Total	160,975	155,850

Notes forming part of the financial statements for the year ended 31st March, 2018

Notes	Particulars	31st March, 2018	31st March, 2017
32	Earnings In Foreign Currency
	Export of Medicine	5,746,691	4,692,236
	Total	5,746,691	4,692,236
	Expenditure in Foreign Currency :
	Total	NIL	NIL
33	Managerial Remuneration	31st March, 2018	31st March, 2017
	To the Whole Time Director
	Salary	1,500,000	1,500,000
	Other Allowances	1,428,000	1,428,000
	Reimbursements	72,000	15,000
	Total	3,000,000	2,943,000

34 Related Party Disclosure under Ind Accounting Standard 24:

A. Names of related parties and nature of related party relationships

Description of relationship	Names of related parties
Holding Company	Katra Holdings Ltd, Mauritius
Subsidiary Companies	Ayurvedagram Heritage Wellness Centre Pvt Ltd
	Suveda Inc. USA
	Ayu Natural Medicine Clinic PS, USA
	Ayurvedic Academy Inc., USA
	Nutraveda Re Ltd
	CMS Katra Holdings LLC, USA
	CMS Katra Nursing LLC, USA
Companies where Promoter Director is having control/significant influence	All Seasons Herbs Pvt. Ltd.
	KAL Ayurveda Research Foundation
	Katra Holding Pvt. Ltd.
	S R Pharmaceuticals
	Katra Phytochem India Pvt. Ltd.
	Confederation for Ayurvedic Renaisance Keralam Ltd.
	Mason & Summers Leisure Pvt. Ltd.
Director/Key Managerial Person	Dr K Anil Kumar, Whole time Director
	MrArvindAgarwal, CFO
	Ms Itti Bhargava, Company Secretary
	Mr K. Raghunadhan, Company Secretary

B. Transaction with Related Parties		Amount in Rs
Particulars	31st March, 2018	31st March, 2017
Purchase of Raw Materials
All Season Herbs Pvt Ltd	2,525,015	3,038,094
Confederation for Ayurvedic Renaisance Keralam Ltd	258,897	911,239
Katra Phytochem (India) Pvt Ltd	-	4,774,120
Sale of Medicines & Treatments
Ayurvedagram Heritage Wellness Centre P Ltd	4,923,186	4,133,227
Confederation for Ayurvedic Renaisance Keralam Ltd	131,063	0
Services Received
Ayuvedagram Heritage Wellness Centre P Ltd	900,624	536,706
S R Pharmaceuticals	5,713,228	0
Mason & Summers Leisure P Ltd	727,697	365,218
Services Rendered
Ayurvedagram Heritage Wellness Centre P Ltd	6,250,000	5,900,000
Ayurvedic Academy Inc	553,974	-
Remuneration Paid
Dr K Anilkumar, Director	3,000,000	2,943,000
Mr Arvind Agarwal, CFO	2,893,584	2,877,000
Ms Itti Bhargava, Company Secretary upto 1 1/06/2016	-	107,556
Mr K. Raghunadhan, Company Secretary w.e.f 18/01 /2017	571,308	116,719
Reimbursement of Expenses
KAL Subsidiaries	5,884,358	5,890,520
Katra Phytochem India Pvt Ltd	206,345	32,368
Mason & Summers Leisure Pvt Ltd	-	13,924
Advances given
Ayurvedagram Heritage Wellness Centre P Ltd	17,490,000	-
Interest on Advances
Ayurvedagram Heritage Wellness Centre P Ltd	1,018,000	-
Borrowings(including loans)
Katra Holding Pvt Ltd	-	50,000
Repayment of Loans
To Katra Holding Pvt Ltd	42,497,500	17,500,000
By KAL Subsidiaries in USA	30,094,335	0
Balances outstanding at the end of the year
Lending- to KAL Subsidiaries	177,497,878	183,401,041
Advance to Ayurvedagram Heritage Wellness Centre P Ltd	18,406,200	-
Borrowings- from Katra Holding Pvt Ltd	322,906,663	353,181,972

35. Contingent Liabilities

Particulars

I. The company has given a bank guarantee of" 500,0007- to The Registrar, Banaras Hindu University towards security deposit for setting up Kerala Ayurveda Panchakarma Center at S S Hospital under BHU

II. During the year the company received a showcause notice from Central Excise department for the financial years 2013-14, 2014-15 and 2015-16 demanding " 46.98 Lakhs towards cenvat credit reversal and service tax on commercial training. The company has preferred an appeal with Commissioner (Appeals), Aluva and the company is confident that the demand will get

Deferred tax assets/ (liabilities)

Particulars

As at 31st March, 2017

Movement

As at 31st March, 2018

Book/Tax depreciation difference

(6,549,361)

Mar 31, 2015

1. Rights, Prefrences and restrictions attached to Equity Shares:

The Company has one class of equity shares, having a par value of ' 10 each. Each shareholder is eligible for one vote per share held. In the event of liquidation, the Equity shareholders are eligible to receive the remaining assets of the company in proportion to their shareholding.

2. Related party transactions

Details of related parties:

Description of relationship Names of related parties

Holding Company Katra Holdings Ltd, Mauritius

Subsidiary Companies Ayurvedagram Heritage Wellness Centre Pvt Ltd

Nutraveda Inc, USA

Ayu Natural Medicine Clinic PS, USA

Ayurvedic Academy Inc., USA

Nutraveda Pte Ltd , Singapore

CMS Katra Holdings LLC, USA

CMS Katra Nursing LLC, USA

Companies where Director is having All Seasons Herbs Pvt. Ltd. control/significant influence Ayusante Lifecare India Pvt Ltd

Confederation for Ayurvedic Renaisance-Keralam Ptd

KAL Ayurveda Research & Education Foundation

Katra Holding Pvt. Ltd.

Katra Phytochem (India) Pvt. Ltd.

Mason & Summers Leisure Pvt. Ltd.

Director/Key Managerial Person Dr K Anil Kumar, Whole time Director

Mr S.Krishnamurthy, Independent Director

Dr. K.Rajagopalan, Independent Director

Mr M.S.Seetharaman,Additional Independent Director

Mr Arvind Agarwal , CFO

Mr K. Raghunadhan, Company Secretary

Ms Anusha Rajeswaran, Company Secretary

Relative of key Managerial Person Mrs Sunitha Anilkumar

Mrs Chithra Gopinath

Note: Related parties have been identified by the Management.

3. Contingent Liabilities Particulars

I. The company has given a bank guarantee of Rs.1,000,000/- to Health & Family Welfare Dept, Government of Kerala towards security deposit for giving permission to start one year para medical certificate course in Ayurveda Therapy.

II. The company has given a bank guarantee of Rs.500,000/- to The Registrar, Banaras Hindu University towards security deposit for setting up Kerala Ayurveda Panchakarma Center at S S Hospital under BHU.

III. The company has given a bank guarantee of Rs.90,000/- to Commissioner, Delhi Value Added Tax towards VAT registration at Delhi

IV. The company has given a bank guarantee of Rs.50,000/- to Commissioner, Delhi Value Added Tax towards F Form.

V. The company has given a bank guarantee of Rs.25,000/- to CTO ,Madanapally, Andhara Predesh Value Added Tax towards CST registration .

4. Segment results: The company is primarily engaged in Ayurvedic services and products. Accordingly there is no separae reportable segment in accordance with AS 17-Segment reporting prescribed under the Companies (Accounting Standards) Rules 2006.

5. Previous year figures have been re-grouped / re-classified wherever necessary to correspond with the current year classification/Disclosure.

6. During the year, the company has changed the depreciation policy as per the Schedule II of the The Companies Act 2013 and depreciation is provided over the useful life of the asset. Prior to the this, the company was following SLM method as per the Companies Act 1956. Due to the change in policy, the depreciation of Rs.73,31,115/- has been adjusted to the opening retained earnings.

Mar 31, 2014

1. Rights, Preffences and restrictions attached to Equity shares:

The Company has one class of equity shares, having a par value of Rs. 10 each. Each shareholder is digitate for one vote per share hetd. In the event of liquidation, the Equity shareholders are eligible to recehe the remaining assets of the company in proportion to their share holding.

2. Related party transactions

Details of related parties:

Description of relationship Names of related parties

Holding Company Katra Holdings Ltd, Mauritius

Subsidiary Companies Ayurvedagram Heritage Wellness Centre Pvt ud

Ayu Inc, USA

Ayu Natural Medicine Clinic PS, USA

Ayurvedic Academy Inc., USA

Nuiavcda Pic l td

CMS Katra Holdings UÂ£, USA

CMS Katra Nursing LLC, USA

Associates

All Seasons Herbs Pvt. Ltd,

Arudrar-3 Developments Pvt, ltd.

Asha Medical foundation Pvt, ltd.

Global AgnSystcm Pvt. Ltd. 6 its Subsidiaries

KAL Ayurveda Research Foundation

Katra Holding Pvt. Ltd.

Katra Marine Pvt. Ltd.

Katra Phytochem Indio Pvt. lTD & its Subsidiaries Mason & Summers Atcobev Pvt. Ltd & its Subsidiaries Mason B SummerS Leisure Pvt. Ud.

Managerial Person-Director

Dr K Anil Kumar

Relative of key Managerial Person

Mrs Sunttha Anilkumar Mrs Chlthra Goptnnth

3. Contingent Liabilities

Particulars

1. The company has given a Corporate Guarantee of Rs. 5 Crorcs to Ratnakar Bank Ltd towards the credit facilities availed by subsidiary company M/s.Ayurvedagram Heritage Wellness Centre Pvt Ltd.

2. The company has given a bank guarantee of T 10 00 Lacs to Health & Family Welfare Dept, Government of Kerala towards security deposit for giving permission to start one year para medical certificate course in Ayurveda Therapy.

3. The company has given a bank guarantee of Rs. 5.00 Lacs to The Registrar, Banaras Hindu University towards security deposit for setting up Kerala Ayurveda Panchakarma Center at S 5 Hospital under BHU

4. The company has given a bank guarantee of Rs. 0.90 Lacs to Commissioner, Delhi Value Added Tax towards VAT registration at Delhi

5. The company has given a bank guarantee of T 0.50 Lacs to Commissioner. Delhi Value Added Tax towards Issue of F Form.

4. Segment results: The company Is primarily engaged in Ayurvedic services and products. Accordingly there tt no separae -oportablc segment m accordance with AS 17-Scgmcnt reporting prescribed under the Companies (Accounting Standards) Rules 2006.

5 Previous year figures have been re grouped / re-classified wherever necessary to correspond with the current year classthcatton/Olsclosure.

Mar 31, 2013

1 Contingent Liabilities

I. Company has given a corporate guarantee of Rs..50,000,000/- to Ratnakar Bank Ltd., towards the Credit facilities availed by subsidiary company M/s Ayurvedagram Heritage Wellness Centre Pvt. Ltd.

II. Company has given a corporate guarantee of Rs. 50,000,900/- to Axis Bank Ltd., towards the Credit facilities availed by subsidiary company M/s Ayurvedagram Heritage Wellness Centre Pvt. Ltd.

III. The company has given a bank guarantee ofRs.. 1,000,000/- to Health & Family Welfare Dept, Government of Kerala towards security deposit tor giving permission to start one year para medical certificate course in Ayurveda Therapy.

IV. The company has given a bank guarantee of Rs..500,000/- to The Registrar, Banaras Hindu University towards security deposit for setting up Kerala Ayurveda Panchakai ma Center at S S Hospital at BHU.

V. The company has given a bank guarantee of X. 100,000/- to Commissioner, Indian Medicine and Homeopathy, Chennai-106

VI. The company has given a bank guarantee of Rs..90,000/- to Commissioner, Delhi Value Added Tax towards VAT registration at Delhi

Vii. The company has given a bank guarantee of Rs..50,000/- to Commissioner, Deihi Value Added Tax towards issue of F Form.

2 Segment results: The company is primarily engaged in Ayurvedic services and products. Accordingly there is no separae reportable segment in accordance with AS 17-Segment reporting prescribed under the Companies (Accounting Standards) Rules 2006.

3 Previous year figures have been re-grouped / re-classified wherever necessary to correspond with the current year classification/Disclosure.

Mar 31, 2012

1. Related party transactions

Details of related parties: Description of relationship Names of related parties

Holding company Katra Holding Ltd, Mauritius

subsidiary Companies Ayurvedagram Heritage wellness centre Pvt Ltd Ayu Inc, USA Ayu Natural Medicine Clinic PS, USA

Ayurvedic Academy Inc., USA

Nutraveda Pte Ltd

CMS katra Holdings LLC, USA

CMS katra Nursings LLC, USA

Associates All Seasons Herbs Pvt. Ltd. Arudrama Developments Pvt. Ltd.

Asha Medical Foundation Pvt. Ltd.

Global Agrisystem Pvt. Ltd & its Subsidiaries

Katra Holding Pvt. Ltd.

Katra Mirine Pvt. Ltd.

Katra Phylochem India Pvt.

Mason & Summers A/cobev Pvt. Ltd. & its Sudsidiaries

Mason & Summers Leisure Pvt. Ltd. Seagrow Bio-Technics India Pvt. Ltd

Managerial Person-Director Dr. K. Anil kumar

Related of key Managerial Mrs. Snitha Anilkumar Person

Mrs. Chithra Gopinath

Note: Related parties have been identified by the Management.

2. Contingent Liabilities

Particulars

I. Company has given a corporate guarantee of Rs. 60,000,000/- to Axis Bank Ltd., towards the Credit facilities availed by subsidiary company M/s Ayurvedagram Heritage Wellness Centre Pvt. Ltd.

II. Company has given a corporate guarantee of Rs. 50,000,000/- to Ratnakar Bank Ltd., toward the Credit facilities availed by subsidiary company M/s Ayurvedagram Heritage Wellness Centre Pvt, Ltd.

III. The company has given a bank guarantee of Rs. 1,000,000/- to The Ministry of Indian Affairs, office of protector General of Emigrants, New Delhi.

IV. The company has given a bank guarantee of Rs. 1,000,000/- to Health & Family Welfare Dept, Government of Kerala towards security deposit for giving permission to start one year para medical certificate in Ayurveda Therapy.

V. The company has given a bank guarantee of Rs. 90,000/- to commissioner, Delhi value Added Tax towards VAT registration at Delhi.

VI. The company has given a bank guarantee of Rs. 50,000/- to Commissioner, Delhi Value Added Tax towards F Form.

3. Segment results: The company is primarily engaged in Ayurvedic services and products. Accordingly there is no separate reportable segment in accordance with AS 17-segemnt reporting prescribed under the Companies (Accounting Standards) Rules 2006.

4. The revised schedule VI has become effective from April 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Pervious year figures have been re-grouped/reclassified whenever necessary to correspond with the current year classification/Disclosure.

Mar 31, 2011

A. Loans and Advance includes loan to 1220,499,07/- given to Subsidiary Companies namely, Loan to M/s Ayurvedagram Heritage Wellness Centre Pvt. Lid. 3.300,000/- towards margin money for Term loans and Advance of. Rs. 31,750,000/-, working capital loan to Ayu Inc., USA Rs. 30.069,702/- Ayurvedic Academy Inc.. USA t. 74,040.040/- and CMS Katra Holdings LLC. USA .81,319,337/-.

b. During the year the company has disposed off balance portion of its land at Poolani at Kerala and idle land at Tally Near Bangalore and the net capital gain of f. 8,108,662/- is accounted under exceptional income.

c. During the year the Company sold its rights relating to part of the software business and the profit derived on sale amounting toRs. 35.406.187/- has been accounted under exceptional Income.

d. The company has registered the balance land near Cochin International Airport which has been purchased for setting up of a Health resort protect to be managed by Its subsidiary Company M/s Ayurvedagram Heritage Wellness Centre Pvt, Ud

e. Contingent Liabilities

I. Company has given a corporate guarantee of 760,000,000/ to Axis Bank Lid., towards the Credit facilities availed by subsidiary company M/s Ayurvedagram Heritage Wellness Centre Pvt-Ltd-

II. Company has given a corporate guarantee of 7.50,000,000/- to Ratnak&r Bank Ltd., towards the Credit facilities availed by subsidiary company M/s Ayurvedagram Heritage Wellness Centre Pvt. Ltd.

III. The company has givens bank guarantee of 7 1,000,000/- to The Ministry of Indian Affairs, Office of Protector General of Immigrants, New Dalhi.

IV. The company has Gwen a bank guarantee of 7 1,000,001V- to Health & Family weltered Dept, Government of Kerala towards security deposit for giving permission id start one year Para medical certificate course in Ayurveda Therapy.

V. The company has given a bank guarantee of7.90,000/-to Commissioner. Delhi Value Added Tax towards VAT registration at Delhi.

f. Sundry Creditors Include 7 855,603/- (Previous year 7.1,406,881/-) due to Small Scale and ancillary industrial undertakings to the extant such pintos, have been identified from the available documents/ Information the names of SSI units to whom amounts due for more than 30 days are Chancellor Cartons, J K Plastics. Duropack Industries.

g. Confirmation letters have been sent to the Debtors and Creditors socking confirmation of balances, staling that in the absence at any reply the book figure will be taken as confirmed end confirmations have been received In some cases

h. The previous year figures have been re-grouped / re-classified wherever necessary.

i. Taxation

1) Provision for current tax

No provision for taxation has been made as no tax Is payable during the year under the provisions of the income Tax Act 1961

In accordance with the prior approval obtained from the Central Government, the company has entered into Contract/transactions with the company.

Company has taken on rent the premises belong to them for running of Its Hospital & Pharmacy at Aluva, Kerala

Mar 31, 2010

A. Loans and Advance includes loan of Rs. 120,900,643 given to Subsidiary Companies namely, Loan to M/s.Ayurvedagram Heritage Wellness Centre Pvt. Ltd. Rs. 3,300,000 towards margin money for Term loans and Advance of Rs. 5,600,000, Ayu Inc. Rs. 29,100,398, Ayurvedic Academy Inc. Rs. 47,393,066 and CMS Katra Holdings LLC Rs. 35,507,179.

b. During the year the company has disposed off a portion of its land at Poolani and a flat at Puttaparthy whereby the company realised a net capital gain of Rs.10,333,074.

c. The company has acquired land near Cochin International Airport for setting up of a Health resort project to be managed by its subsidiary M/s Ayurvedagram Heritage Wellness Centre Pvt. Ltd., and has completed registration formalities for a portion of the land as on 31.03.2010 and registration for the remaining land is since completed.

d. Contingent Liabilities

i) Company has given a corporate guarantee of Rs. 60,000,000/- to Axis Bank Ltd., towards the Credit facilities availed by subsidiary company M/s Ayurvedagram Heritage Wellness Centre Pvt. Ltd.

ii) The company has given a bank guarantee of Rs.1,000,000/- to The Ministry of Indian Affairs, Office of Protector General of Emigrants, New Delhi.

iii) Company has given a corporate guarantee of Rs. 50,000,000/- to Ratnakar Bank Ltd., towards the Credit facilities availed by subsidiary company M/s Ayurvedagram Heritage Wellness Centre Pvt. Ltd.

e. Sundry Creditors include Rs. 1,406,881 (Previous year Rs. 1,597,518) due to Small Scale and ancillary industrial undertakings to the extent such parties, have been identified from the available documents/ information. The names of SSI units to whom amounts due for more than 30 days are Chancellor Cartons, J K Plastics, Duropack Industries

f. Confirmation letters have been sent to the Debtors and Creditors seeking confirmation of balances, stating that in the absence of any reply the book figure will be taken as confirmed and confirmations have been received in some cases.

g. The previous year figures have been re-grouped / re-classified wherever necessary.

h. Taxation

i) Provision for current tax

No provision for taxation has been made as no tax is payable during the year under the provisions of the Income Tax Act 1961.

* Ministry of Company Affairs, Government of India vide its letter No.12/329/2006-CL.VII dated March 22, 2007 had approved the appointment of Dr. K Anilkumar as Executive Director (Technical) in accordance with Section 269 of the Companies Act, 1956 for a period of three years effective upto June 27, 2010. Thereafter his remuneration has been paid as permissible by the provisions of the companies act and as approved by the Board of Directors. The remuneration paid to him during 2009-10 is within the limits prescribed in the above said approval and Companies Act provisions.

j. Disclosure of Related Party Transaction in accordance with Accounting Standard (AS-18) "Related Party Disclosures issued by the Institute of Chartered Accountants of India:

(A) Names of the related party and nature of relationship where control exists:

Sl No Name of the Company Nature of Relationship

1 Katra Holdings Limited, Mauritius Holding Company

2 Ayurvedagram Heritage Wellness Centre Pvt. Ltd.* Subsidiary

3 Ayu Inc, USA Wholly owned Subsidiary

4 Ayu Natural Medicine Clinic PS, USA -do-

5 Ayurvedic Academy Inc.,USA -do-

6 Nutraveda Pte Ltd -do-

7 CMS Katra Holdings LLC, USA Subsidiary

8 CMS Katra Nursing LLC, USA Step down Subsidiary

(B) Other Related Parties:

Sl No Related Party Relationship

1 Dr. K.Anilkumar Key Management Personnel

2 Mrs. Sunitha Anilkumar** Relative of Key Management Personnel

3 Mrs. Chithra Gopinath** -do-

(C) Companies controlled by Directors/Relatives.

Katra Phytochem India Pvt. Ltd.

Arudrama Developments Pvt. Ltd.

Mason & Summers Alcobev Pvt. Ltd.

Mason & Summers Leisure Pvt. Ltd

All Seasons Herbs Pvt. Ltd.*

Katra Marine Pvt. Ltd.

Katra Liquor Pvt. Ltd.

Katra Holding Pvt. Ltd

Segrow Bio-Technics India Pvt. Ltd

Global AgriSystem Pvt. Ltd. & its subsidiaries

Mason & Summers Marketing Service P Ltd

* In accordance with the prior approval obtained from the Central Government, the company has entered into Contract/ transactions with these companies.

**Company has taken on rent the premises belong to them for running of its Hospital/ Pharmacy at Aluva, Kerala.

v. Generic Name of Three Principal Products/Services of company(as per monetary terms)

Item Code No. 3003.31 Product Description : Ayurvedic Classical medicines

Item Code No. 3003.31 Product Description : Ayurvedic Patent Medicines

Item Code No. Product Description : Ayurvedic Treatment and Health Service

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