Notes to Accounts of Wealth First Portfolio Managers Ltd.

Mar 31, 2023

Taxation

Tax expense comprises of current tax (i.e. amount of tax for the year determined in accordance with the Income Tax Act, 1961), and deferred tax charge or benefit (i.e. reflecting the tax effect of timing differences between accounting income and taxable income for the year).

Current tax

Provision for current tax is recognized based on estimated tax liability computed after adjusting for allowances, disallowances and exemptions in accordance with the Income Tax Act, 1961.

Deferred Tax

Deferred income tax reflects the current period timing differences between taxable income and accounting income for the period and reversal of timing differences of earlier years/period. Deferred tax assets and liabilities are measured using the tax rates and tax law that have been enacted or substantively enacted by the Balance Sheet date.

Deferred tax assets are recognized when there is reasonable certainty that the asset can be realized in future, however, where there is unabsorbed depreciation or carried forward loss under taxation laws, deferred tax assets are recognized to the extent there is virtual certainty of realization of the assets.

Deferred tax assets are reviewed as at each balance sheet date and written down or written up to reflect the amount that is reasonably/virtually certain, as the case may be, to be realized.

Segment Reporting - IND AS 108

The Company publishes the standalone financial statements along with the consolidated financial statements of the Company. In accordance with IND AS 108 - Operating Segments, the Company has disclosed the segment information in the consolidated financial statements.

Foreign Currency Transactions

Foreign currency transactions are recorded at exchange rates prevailing on the date of the transaction.

Corporate social responsibility

As per Section 135 of the Companies Act, 2013, a Company, meeting the applicability threshold needs to spend at least 2% of its average net profit for the immediately preceding three financial years on Corporate Social Responsibility (CSR) activities.

Financial Risk Management

The Company''s board of directors has overall responsibility for the establishment and oversight of the Company''s risk management framework. The Company manages market risk through a treasury department, which evaluates and exercises independent control over the entire process of market risk management. The treasury department recommends risk management objectives and policies, which are approved by Board of Directors. The activities of this department include management of cash resources, borrowing strategies, and ensuring compliance with market risk limits and policies.

The Company''s risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company''s activities. The Company, through its training and management standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their roles and obligations.

The audit committee oversees how management monitors compliance with the company''s risk management policies and procedures, and reviews the adequacy of the risk management framework in relation to the risks faced by the Company. The audit committee is assisted in its oversight role by internal audit. Internal audit undertakes both regular and ad hoc reviews of risk management controls and procedures, the results of which are reported to the audit committee.

A. Market Risk

Market risk is the risk that the fair value or future Cash flows of a financial instrument will fluctuate because of changes in market prices. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return.

i. Foreign currency risk:

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates.

ii. Interest rate risk:

The Company is exposed to interest risk if the fair value or future cash flows of its financial instruments will fluctuate as a result of changes in market interest rates. Fair value interest rate risk is the risk of changes in fair values of fixed interest bearing investments because of fluctuations in the interest rates.

The Company''s interest rate risk arises from interest bearing deposits with bank. Such instruments exposes the Company to fair value interest rate risk. Management believe that the interest rate risk attached to this financial assets are not significant due to the nature of this financial assets.

iii. Market price risk:

The Company is exposed to market price risk, which arises from FVTPL and FVOCI investments. The management monitors the proportion of these investments in its investment portfolio based on market indices. Material investments within the portfolio are managed on an individual basis and all buy and sell decisions are approved by the appropriate authority.

B. Liquidity Risk

Liquidity risk is the risk that the entity will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The entity''s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the entity''s reputation.

The table below summarises the maturity profile of the Company''s financial liabilities based on the contractual undiscounted payments.

C. Credit Risk

It is risk of financial loss that the Group will incur a loss because its customers or counter parties to financial instruments fails to meet its contractual obligation.

The Group''s financial assets comprises of cash and bank balances, trade receivables, investments and other financial assets which comprise mainly of deposits.

The maximum exposure to credit risk at the reporting date is primarily from Group''s trade receivable.

Following provides exposure to credit risks for trade receivables and loans:

Cash and cash equivalents:

The company maintains its Cash and cash equivalents and Bank deposits with banks having good reputation, good past track record and high quality credit rating and also reviews their credit-worthiness on an on-going basis.

Trade receivables:

Trade receivables of the company are typically unsecured. Credit risk is managed through credit approvals

and periodic monitoring of the creditworthiness of customers to which company grants credit terms in the normal course of business. The company performs ongoing credit evaluations of its customers'' financial condition and monitors the creditworthiness of its customers to which it grants credit terms in the normal course of business. The allowance for impairment of Trade receivables is created to the extent and as and when required, based upon the expected collectability of accounts receivables. The company has no concentration of credit risk as the customer base is geographically distributed in India.

The above receivables which are past due but not impaired are assessed on individual case to case basis and relate to a number of independent third party customers from whom there is no recent history of default. These financial assets were not impaired as there had not been a significant change in credit quality and the amounts were

still considered recoverable based on the nature of the activity of the customer portfolio to which they belong and the type of customers. There are no other classes of financial assets that are past due but not impaired except for Trade receivables as at 31^st March, 2023.

19. Subsequent Events

The Board of Directors in their meeting held on 29^th April, 2023 have proposed a final dividend of B3/- per equity share for the year ended 31^st March, 2023 which is subject to the approval of shareholders at the ensuing Annual General Meeting and if approved, would result in a cash outflow of approximately B31.965 million.

20. There were no Micro, Small and Medium Enterprises, to whom the Company owed dues, which were outstanding for more than 45 days as at 31^st March, 2022. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent, such parties have been identified on the basis of information available with the Company.

21. Other Notes On Accounts

(i) Estimated amount of contracts remaining to be executed on Capital B NIL

(ii) We have relied on internal evidences certified by management, in case where external evidences in respect of expenses are not available.

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

The Company has received order u/s 148A(d) of I ncome Tax Act 1961 for re-opening of scrutiny assessment for AY 2016-17 to AY 2019-20 with approval of appropriate authority. The company has filed the writ petitions against the same in Hon''ble Gujarat High Court. The High Court has granted ad-interim stay against the said proceedings. The matter is pending with Hon''ble Gujarat Hugh Court. Based on prior experience management is reasonably confident that no liability will devolve on the company. During the current year, on assessment of facts and status on the above matter, the company has assessed that possibility of any outflow in settlement is remote. Accordingly, the same has not been considered as contingent liability.

9.1. Terms/Rights attached to Equity Shares

The Company has only one class of equity shares having a par value of B10 per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders atthe ensuing Annual General Meeting.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

Nature and purpose of reserve

(a) Securities premium

Securities Premium reserves is used to record the premium on issue of shares. The reserve can be utilized only for limited purposes such as issuance of bonus shares, writing off the preliminary expenses in accordance with the provisions of the Companies Act, 2013.

(b) Retained earnings

Retained earnings are the profits that the Company has earned till date, less any transfers to general reserve, dividends or other distributions paid to shareholders.

(c) General reserve

Under the erstwhile Companies Act, 1956, general reserve was created through an annual transfer of net income at a specified percentage in accordance with applicable regulations. This reserve can be utilized only in accordance with the specific requirements of Companies Act, 2013.Note 10: Other Equity

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Mar 31, 2021

Taxation

Tax expense comprises of current tax (i.e. amount of tax for the year determined in accordance with the Income Tax Act, 1961), and deferred tax charge or benefit (i.e. reflecting the tax effect of timing differences between accounting income and taxable income for the year).

Current tax

Provision for current tax is recognized based on estimated tax liability computed after adjusting for allowances, disallowances and exemptions in accordance with the Income Tax Act, 1961.

Deferred Tax

Deferred income tax reflects the current period timing differences between taxable income and accounting income for the period and reversal of timing differences of earlier years/period. Deferred tax assets and liabilities are measured using the tax rates and tax law that have been enacted or substantively enacted by the Balance Sheet date.

Deferred tax assets are recognized when there is reasonable certainty that the asset can be realized in future, however, where there is unabsorbed depreciation or carried forward loss under taxation laws, deferred tax assets are recognized to the extent there is virtual certainty of realization of the assets.

Deferred tax assets are reviewed as at each balance sheet date and written down or written up to reflect the amount that is reasonably/ virtually certain, as the case may be, to be realized.

Segment Reporting - IND AS 108

The Company publishes the standalone financial statements along with the consolidated financial statements of the Company. In accordance with IND AS 108 - Operating Segments, the Company

has disclosed the segment information in the consolidated financial statements.

Foreign Currency Transactions

During the period under consideration no amount was remitted in foreign currency on account of traveling expenditure and no amount was remitted on account of dividend and there was no earning in foreign currency.

Disclosure pursuant to IND AS 101 "First time adoption of Indian Accounting Standards"

For reporting periods up to and including the year ended March 31, 2020, the Company prepared its financial statements in accordance with Indian GAAP (IGAAP or previous GAAP). The Company has prepared its financial statements in accordance with Ind AS prescribed under section 133 of the Act and other accounting principles generally accepted in India and as notified by Ministry of Corporate Affairs with the transition date being April 1, 2019.

In preparing these financial statements, the Company has opted to avail the choices available for certain transitional provisions with Ind AS 101, ''First time adoption of Indian Accounting Standards'', which offers exemption from applying specified Ind AS retrospectively. The most significant of these provisions are in the following areas:

(i) Cost for property, plant and equipment and intangible assets

The Company has elected to continue with the carrying value for all of its property, plant and equipment and intangible assets as measured as per the previous GAAP and used that as its deemed cost as at the date of transition.

(ii) Classification and measurement of financial assets

At the transition date, the Company assessed the conditions for classification of financial assets and accordingly classified

its financial assets at cost under the provisions of Ind AS 109, ''Financial Instruments''.

(iii) De-recognition of financial assets and liabilities

The Company has elected not to recognize financial assets or financial liabilities which were derecognized in accordance with previous GAAP as a result of transactions that occurred before the transition date.

(iv) Investment in subsidiaries

The financial statements prepared are separate financial statements. Ind AS 101 provides a one-time option to a first time adopter either to measure its investment in subsidiaries and associate as per previous GAAP carrying value or at fair value on the date of transition.The Company has elected to measure its investment in subsidiaries and associate as per previous GAAP carrying value.

Estimates

An entity''s estimates in accordance with Ind AS at the date of transition to Ind AS shall be consistent with estimates made for the same date in accordance with previous GAAP.

16. Corporate social responsibility

As per Section 135 of the Companies Act, 2013, a Company, meeting the applicability threshold needs to spend at least 2% of its average net profit for the immediately preceding three financial years on Corporate Social Responsibility (CSR) activities.

Details of CSR Expenditure of the Group for the year ended 31 March 2021:

Financial Risk Management

The Company''s board of directors has overall responsibility for the establishment and oversight of the Company''s risk management framework. The Company manages market risk through a treasury department, which evaluates and exercises independent control over the entire process of market risk management. The treasury department recommends risk management objectives and policies, which are approved by Board of Directors. The activities of this department include management of cash resources, borrowing strategies, and ensuring compliance with market risk limits and policies.

The Company''s risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company''s activities. The Company, through its training and management standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their roles and obligations.

The audit committee oversees how management monitors compliance with the company''s risk management policies and procedures, and reviews the adequacy of the risk management framework in relation to the risks faced by the Company. The audit committee is assisted in its oversight role by internal audit. Internal audit undertakes both regular and ad hoc reviews of risk management controls and procedures, the results of which are reported to the audit committee.

A Market Risk

Market risk is the risk that the fair value or future Cash flows of a financial instrument will fluctuate because of changes in market prices. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return.

(i) Foreign currency risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates.

(ii) Interest rate risk

The Company is exposed to interest risk if the fair value or future cash flows of its financial instruments will fluctuate as a result of changes in market interest rates. Fair value interest rate risk is the risk of changes in fair values of fixed interest bearing investments because of fluctuations in the interest rates.

The Company''s interest rate risk arises from interest bearing deposits with bank. Such instruments exposes the Company to fair value interest rate risk. Management believe that the interest rate risk attached to this financial assets are not significant due to the nature of this financial assets.

(iii) Market price risks

The Company is exposed to market price risk, which arises from FVTPL and FVOCI investments. The management monitors the proportion of these investments in its investment portfolio based on market indices. Material investments within the portfolio are managed on an individual basis and all buy and sell decisions are approved by the appropriate authority.

Liquidity Risk

Liquidity risk is the risk that the entity will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The entity''s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the entity''s reputation.

Credit Risk

It is risk of financial loss that the Group will incur a loss because its customers or counter parties to financial instruments fails to meet its contractual obligation.

The Group''s financial assets comprises of cash and bank balances, trade receivables, investments and other financial assets which comprise mainly of deposits.

The maximum exposure to credit risk at the reporting date is primarily from Group''s trade receivable.

Following provides exposure to credit risks for trade receivables and loans:

Cash and cash equiavalents

The company maintains its Cash and cash equivalents and Bank deposits with banks having good reputation, good past track record and high quality credit rating and also reviews their credit-worthiness on an on-going basis.

Trade receivables

Trade receivables of the company are typically unsecured. Credit risk is managed through credit approvals and periodic

monitoring of the creditworthiness of customers to which company grants credit terms in the normal course of business. The company performs ongoing credit evaluations of its customers'' financial condition and monitors the creditworthiness of its customers to which it grants credit terms in the normal course of business. The allowance for impairment of Trade receivables is created to the extent and as and when required, based upon the expected collectability of accounts receivables. The company has no concentration of credit risk as the customer base is geographically distributed in India.

recoverable based on the nature of the activity of the customer portfolio to which they belong and the type of customers. There are no other classes of financial assets that are past due but not impaired except for Trade receivables as at March 31,2021 and March 31,2020.

The above receivables which are past due but not impaired are assessed on individual case to case basis and relate to a number of independent third party customers from whom there is no recent history of default. These financial assets were not impaired as there had not been a significant change in credit quality and the amounts were still considered

There were no Micro, Small and Medium Enterprises, to whom the Company owed dues, which were outstanding for more than 45 days as at March 31, 2021. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent, such parties have been identified on the basis of information available with the Company.

. Other Notes On Accounts

(i) Estimated amount of contracts remaining to be executed on Capital C NIL

(ii) We have relied on internal evidences certified by management, in case where external evidences in respect of expenses are not available.

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

9.1. Terms/Rights attached to Equity Shares

The Company has only one class of equity shares having a par value of 10 per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders atthe ensuing Annual General Meeting.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

Securities premium

Securities Premium reserves is used to record the premium on issue of shares. The reserve can be utilized only for limited purposes such as issuance of bonus shares, writing off the preliminary expenses in accordance with the provisions of the Companies Act, 2013.

Retained earnings

Retained earnings are the profits that the Company has earned till date, less any transfers to general reserve, dividends or other distributions paid to shareholders.

General reserve

Under the erstwhile Companies Act, 1956, general reserve was created through an annual transfer of net income at a specified percentage in accordance with applicable regulations. This reserve can be utilized only in accordance with the specific requirements of Companies Act, 2013.

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Mar 31, 2018

NOTES on financial statements for the year ended 31st March, 2018

Particulars	As at 31st March 2018	As at 31st March 2017
VINI K PATEL (400012)	659	-
VISHAKHA ANISH CHOUDHARY(101420)	10,000	-
VRAJ H SHAH(101197)	14,253	-
M.F. BROKERAGE RECEIVABLE	1,38,96,817	54,76,719
	2,31,49,334	1,47,19,487

Note 13.: Cash and Cash Equivalents

Particulars	As at 31st March 2018	As at 31st March 2017
CASH ON HAND	8,88,664	8,14,383
AMCO BANK C/A 3287	1,74,536	54,966
AMCO BANK 03022018	599	-
AXIS BANK - 99064	20,174	20,852
FEDRAL BANK	-	10,000
HDFC BANK A/C.0060140000622	98,815	7,39,102
HDFC BANK A/C J M (15778420022804)	3,40,620	-
HDFC PMS A/C 0602340007383(MUMBAI)	1,000	-
ICICI BANK LTD OWN A/C	2,206	2,206
KOTAK BANK A/C 0611165327	11,382	-
KOTAK BANK BSE CLIENT(0611165358)	2,88,77,903	9,70,487
STATE BANK OF INDIA 3079930371 -7	33,709	34,358
UNION BANK OF INDIA 577901010050096	79,861	79,984
FD WITH KOTAK 061167685402/12/15	12,50,000	12,50,000
FD WITH KOTAK BANK*	1,85,87,500	1,85,87,500
FD WITH KOTAK MAHINDRA BANK (30/06/2015)(0611424462)	25,00,000	25,00,000
FD KOTAK ICCL - 3-8-2013 (0611286107)	25,00,000	25,00,000
	5,53,66,968	2,75,63,838

Note 14 : Other Current Assets

Particulars	As at 31st March 2018	As at 31st March 2017
TAX FREE BOND INTEREST RECEIVABLE	-	26,57,584
INTEREST RECEIVABLE FROM PSIDC	-	12,961
INTEREST RECEIVABLE FROM KOTAK FD	1,94,744	1,97,076
PREPAID GUARANTEE	1,25,707	1,21,877
ADVANCE TRANSACTION CHARGES FOR NSE F&O	50,000	1,00,000
INTEREST RECEIVABLE ON DEBENTURE EHFL	-	8,220
PREPAID INTERNET EXPS	1,12,012	59,973
PREPAID REGISTRATION FEES	1,63,400	-
PREPAID SOFTWARE CHARGES	14,575	-
Advance paid to Trade Payables
ATITHY AINN PVT. LTD.	516	-
PPFAS ASSET MANAGEMENT PVT LTD	162	-
VAMA COMMUNICATIONS	4,41,500	-
	11,02,616	31,57,691

Note 15 : Revenue From Operations

Particulars	As at 31st March 2018	As at 31st March 2017
SALES	206,23,63,565	186,58,95,814
MUTUAL FUND BROKERAGE INCOME	7,45,82,006	4,86,74,1 53
F.D. BROKERAGE INCOME	14,81,684	31,04,448
BOND BROKERAGE	20,49,957	26,02,252
BROKERAGE FROM BSE	1,02,62,219	92,24,440
BROKERAGE FROM NSE DEBT SEGMENT	78,35,593	36,74,989
PMS BOKERAGE	2,02,83,452	92,64,886
DIVIDEND INCOME	5,06,03,361	1,89,61,833
	222,94,61,838	196,14,02,815

Note 16 : Other Income

Particulars	As at 31st March 2018	As at 31st March 2017
ADMINISTRATIVE INCOME	6,11,967	5,82,326
ADVERTISEMENT AND HORDING INCOME	2,42,352	1,34,860
AUCTION PENALTY RECOVERED	22,852	1,044
BOND & SEC. INTEREST RECEIVED	-	1,33,826
PROFIT ON MF	12,58,594	-
DP CHARGES RECOVERED	2,18,306	1,24,483
INTEREST ACCOUNT	-	5,778
INTEREST ON REFUND	-	2,98,779
INTEREST FROM IL & FS	60,120	89,211
INTEREST ON FD	17,26,817	13,27,219
INTEREST RECEIVED ON PSIDC BONDS	7,020	-
INTEREST RECEIVED ON GOI	8,69,255	-
IPO BROCKARAGE	40,727	21,590
INTEREST INCOME	2,72,255	-
KNOWLEDGE PARTNER ACCOUNT	3,63,220	7,38,707
ADD CHARGES INCOME	35,953	-
MARKETING RE-IMBURSEMENT ACCOUNT	-	4,63,314
MISC INCOME	289	7,862
PROFIT ON LONG TERM SHARE INVESTMENTS	1,08,278	-
PROPRETY RENT INCOME	2,65,169	3,42,000
TAX FREE BOND INTEREST	79,47,686	2,60,07,127
TAXABLE BOND INTEREST	10,11,581	-
	1,50,62,440	3,02,78,128

Note 17 - Cost of Stock Sold

Particulars	As at 31st March 2018	As at 31st March 2017
OPENING STOCK	32,93,69,316	35,80,09,433
ADD: PURCHASE	198,60,98,616	183,72,06,399
LESS: CLOSING STOCK	24,72,09,206	32,93,69,316
	206,82,58,726	186,58,46,516

Note 18 - Employee Benefit Exps.

Particulars	As at 31st March 2018	As at 31st March 2017
SALARY EXPS.	2,67,54,183	2,39,84,522
EMPLOYER CONTRIBUTION- ADMINISTRATION EXPS.	1,34,628	1,21,632
EMPLOYER CONTRIBUTION-PF	24,85,469	17,00,553
ESIC EMPLOYER''S CONTRIBUTION	-	27,603
GRATUITY EXPS	6,67,452	1,15,825
INSURANCE EXPENSE - STAFF	50,00,000	50,00,000
INSURANCE-MEDICAL & PERSONAL ACC.	42,974	28,662
STAFF EDUCATION EXPENSE	55,927	53,870
STAFF WELFARE EXP	-	5,209
SEATING FEES EXP - DIRECTOR	2,25,000	2,35,000
	3,53,65,633	3,12,72,876

Note 19- Finance Costs

Particulars	As at 31st March 2018	As at 31st March 2017
INTEREST EXP A/C- JM	29,72,595	96,23,141
INTEREST ON HDFC OD	31,32,633	77,20,484
INTEREST ON KOTAK OD	53,40,127	29,43,506
BANK GAURANTEE CHARGES	2,01,085	2,24,872
	1,16,46,440	2,05,12,003

Note 20 - Depreciation and Amortization Exps.

Particulars	As at 31st March 2018	As at 31st March 2017
DEPRECIATION	11,12,546	3,59,107
REGISTRATION FEES WRITTEN OFF	43,000	43,000
MF REGISTRATION W/0	1,23,333	1,23,333
	12,78,879	5,25,440

Note 21 - Other Exps.

Particulars	As at 31st March 2018	As at 31st March 2017
ADVERTISEMENT EXPA/C	14,312	90,450
AIR CONDITION REPARING EXP.	14,435	17,808
ANNUAL LISTING FEES	1 5,000	17,175
ANNUAL MAINTENANCE CHARGES	3,28,850	1,90,920
ANNUAL SUBSCRIPTION FEES	97,908	2,907
APPEAL FEES	1,000	-
AUCTION PENALTY EXPS.	22,980	-
AUDIT FEES (OTHER)	20,000	-
AUDIT FEES (REFER NOTE BELOW) - CA	-	3,00,000
BANK CHARGES A/C	35,133	19,139
BANK COMMISSION FOR ASBA	-	26,711

Particulars	As at 31st March 2018	As at 31st March 2017
BROADBAND VSET SUPPORT CHARGES	64,900	50,560
BROKERAGE PAID	34,61,280	1 5,02,303
BUILDING MAINTENANCE FEES	64,500	69,000
BUSINESS PROMOTION EXPS.	10,87,984	-
COMPUTER PROGRM & REPARING	24,50,243	15,06,128
CONVEYANCE EXP	31,022	17,388
CORPORATE SOCIAL RESPONSIBILITY EXPS.	4,51,000	-
COURIER/POSTAGE EXP	2,13,926	1,15,241
DEMAT EXP	5,84,493	3,35,786
DONATION EXP.	82,300	1,08,110
ELECTRIC FITTING EXPS.	80,290	-
ELECTRICITY EXP.	6,31,531	4,70,440
FRANKING/ADHESIVE STAMP EXP.	76,725	1,070
FUND COLLECTION & SMS CHARGES	478	1,495
GCDBBL-BSE	2,473	573
GIFT & BONI EXPS	11,65,626	5,00,556
GST EXPS.	30,719	-
ICCL CLEARING FEES	74	-
INSURANCE EXP- ASSETS	77,600	23,880
INT ON TDS	1,818	5,365
INT. SETT & BENI CHARGES	71	-
INTEREST ON SERVICE TAX	96,667	15,341
INTERNET EXP.	4,13,364	1,79,114
ISSUER FEES (CDSL)	10,068	-
LATE PAYMENT CHARGES	1,118	-
LEGAL & PROFESSIONAL FEES	13,39,757	8,86,130
LICENCE FEES	11,200	-
LOCKER CHARGES	5,310	-
LOSS ON SALE OF INVESTMENT	-	40,325
MAINTENANCE CHARGES	1,999	-
MARKET MAKING FEES	2,00,000	2,00,861
MEMBERSHIP FEES FOR MUTUAL FUND	76,000	1,07,823
MISC EXP	17,545	7,238
MUNICIPAL TAX (RENTED PROPERTY)	97,344	48,678
MUNICIPAL TAX EXP.	1,96,432	1,96,432
NEWS PAPER EXP.	32,641	36,206
NOTARY & STAMPING EXPS	2,1 5,699	-
NSCCL EXCHANGE DUE	3,042	-
NSDLA/COPG. CHARGES	14,160	-
NSE EXCHANGE CHARGES	1,30,295	92,991
OFFICE EXP.	7,13,683	7,10,612
PENAL CHARGES AND LEVIES	4,300	-
PENALTY ON SERVICE TAX	26,545	57,183
PENALTY PAID TO BSE	-	21,468
PETROLS DIESEL EXP.	13,81,211	8,51,190

Particulars	As at 31st March 2018	As at 31st March 2017
PMS APPLICATION FEES	1,00,000	-
PROCESSING FEES	1,29,238	5,25,225
REFRESHMENT EXP	3,60,065	3,08,722
REGISTRATION FEES	36,600	-
RENT EXPS - CAPITOL HOUSE	16,00,000	9,00,000
ROC FILLING FEES EXP.	7,600	15,876
ROUND OFF	34,573	5,907
SEBI ANNUAL MEMBERSHIP FEES (DEBT SEGMT)	50,000	57,500
SEBI TURNOVER FEES	11,444	5,376
SERVICE TAX EXP	2,07,347	7,01,591
SETTL. CHARGES FOR CBRICS	2,764	-
SHARE/BOND PURCH. / SALE TRANSATION EXPS.	4,81,696	5,26,297
STAMP DUTY EXPS	9,961	1,45,180
STATIONARY PRINTING & XEROX EXP.	9,80,336	5,74,836
STATUS REPORT CHARGES	1,150	-
SUBSCRIPTION EXP.	38,065	51,172
SUNDRY A/C WRITTEN OFF	1,30,638	(1,06,884)
TELEPHONE EXP	5,95,999	6,01,313
TRANSACTION CHARGES	90,549	1,04,585
TRAVELLING EXP	1,17,859	74,683
TRAVELLING EXPS. - FOREIGN	1,96,150	-
TURNOVER CERTIFICATE CHARGES	1,150	2,300
VEHICLE EXP.	25,106	65,052
VSAT CHARGES FOR NSE	36,900	11,929
	2,13,42,239	1,33,95,259

NOTE: AUDITOR REMUNERATION

Particulars As at 31st March 2017

AUDIT FEES__________________________________________________________________________________-__________________1,50,000

INCOME TAX MATTERS________________________________________________________________________-__________________1,50,000

CERTIFICATION SERVICES______________________________________________________________________-_________________________

AS PER OUR REPORT OF EVEN DATE ATTACHED HEREWITH
Ashish N Shah :
(DIN : 00089075)
Hena Shah (DIN: 00089161)	DIRECTORS Aayush K Shah:
Rajan B Mehta (DIN: 03548180) _	Manish D Kansara
(CFO)
PLACE : AHMEDABAD PLACE : AHMEDABAD
DATE : 29/05/2018 DATE : 29/05/2018

FOR WEALTH FIRST PORTFOLIO MANAGERS LIMITED

CIN: L67120GJ2002PLC040636

FOR RAJPARA & ASSOCIATES

CHARTERED ACCOUNTANTS

Firm Regd No. 113428W

C J RAJPARA

PARTNER

M. No. 46922

---

Mar 31, 2016

1) Estimated amount of contracts remaining to be executed on Capital Account Rs. NIL

2) We have relied on internal evidences certified by management, in case where external evidences in respect of expenses are not available.

3) Previous year figures are regrouped where ever required for comparative financial statements.

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. The Company declares and pays dividend in Indian rupees.

During the year ended on 31 March, 2016, the amount of dividend proposed for distribution to equity shareholders is (in previous year 10%) of the paid up capital