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Notes to Accounts of Apoorva Leasing Finance & Investment Co. Ltd.

Mar 31, 2018

Note No. 6 Property,Plant & Equipment as at 31st March 2018

in Lakhs

Assets

Gross Block

Accumulated Depreciation/ Amortisation

Net Block

Useful Life (In Years)

Balance as at 1st April 2017

Additions during the year

Addition on account of business acquisition

Deletion during the year

Balance as at 31st March 2018

Balance as at 1st April 2017

Provided during the year

Deletion / adjustments during the year

Balance as at 31st March 2018

Balance as at 31st March 2018

Balance as at 31st March 2017

A

Tangible assets

Own Assets

Computer

3

0

2.02

0.00

0.00

2.02

0.00

1.00

o.oo|

1.00

1.02

0

Printer

5

0

0.14

0.00

0.00

0.14

0.00

0.02

o.ooj

0.02

0.12

0

Total (A)

0

2.16

0

0

2.16

0

1.02

0

1.02

1.14

0

General Notes :

11 No depreciation if remaining useful life is negative or zero.

12 If asset is used less than 365 days during current financial year then depreciation is equals to w.d.v as on 31-03-2017 less residual value.

13) Depreciation is calculated on pro-rata basis in case asset is purchased/sold during current F.Y.

14) If above assets is used for any time during the year for double shift, the depreciation will increase by 50% for that period and in case of the triple shift the depreciation | [shall be calculated on the basis of 100% for that period.

Note No. 6 Property,Plant & Equipment as at 31st March 2017

Assets

Gross Block

Accumulated Depreciation/ Amortisation

Net Block

Balance as

Balance as

Balance as

Balance as

Balance as

Balance as

Useful Life (In Years)

at 1st April 2016

Additions during the year

Addition on account of business acquisition

Deletion during the year

at 31st March 2017

at 1st April 2016

Provided during the year

Deletion / adjustments during the year

at 31st March 2017

at 31st March 2017

at 31st March 2016

A

Tangible

assets

Own Assets

Total (A)

0

0

0

0

0

0

0

0

0

0.00

0

Note No. 6 Property,Plant & Equipment as at 31st March 2016

in Lakhs

Assets

Gross Block

Accumulated Depreciation/ Amortisation

Net Block

Balance as

Balance as

Balance as

Balance as

Balance as

Balance as

Useful Life (In Years)

at

1st April 2015

Additions during the year

Addition on account of business acquisition

Deletion during the year

at

31st March 2016

at

1st April 2015

Provided during the year

Deletion / adjustments during the year

at

31st March 2016

at

31st March 2016

at

31st March 2015

A

Tangible

assets

Own Assets

Total (A)

0

0

0

0

0

0

0

0

0

0.00

0

Note No. 7 Investment Properties

Particulars

31st March 201 8

31st March 201 7

01st April 2016

Narela Property

8.86

8.86

8.86

Plot No. 73, Sector-145,Noida

175.51

0.00

0.00

Flat No. 307, Vasant Kunj

140.00

98.00

0.00

Flat No. 403, Vasant Kunj

120.00

80.00

0.00

Flat at Gayatri Life,Noida

199.99

199.99

0.00

Total

644.36

386.85

8.86

Note No. 8 Financial Assets (Investment)

Particulars

31st March 201 8

31st March 201 7

01st April 2016

Investments in equity Instruments (Quoted)

In Others

Investment in public sector equity instruments quoted

trade (At Market Value)

50.66

25.86

0.00

Non-Trade lnvestment(Valued at cost unless stated

otherwise)

Investments in equity Instruments (Unquoted)

In Others

Investment in other Indian companies equity instruments

unquoted non trade (At cost)

75.00

75.00

5.00

Investment in subsidiaries unquoted non-trade (At cost)

31.00

31.00

54.00

Investment in Associates (At cost)

477.47

101.00

2594.50

Investments in Mutual Funds (Quoted)

In Others

Mutual funds long-term quoted non-trade (Lower of cost and Market value)

3987.47

0.56

26.62

Total

4,621.60

233.42

2,680.12

Note No. 9 Financial Assets (Trade Receivable)

Particulars

31st March 201 8

31st March 201 7

01st April 2016

Exceeding six months

Unsecured, Considered Good

0.50

0.00

0.00

Total

0.50

0.00

0.00

Less than six months

Unsecured, Considered Good

24.14

473.41

4.21

Total

24.14

473.41

4.21

Total

24.63

473.41

4.21

Note No. 10 Deferred Tax

Particulars

31st March 201 8

31st March 201 7

01st April 2016

Deferred tax assets

Deferred tax assets

0.07

0.00

0.00

Deferred tax Liabilities

0.08

Gross deferred tax asset

0.07

0.00

Net deferred tax assets

0.07

0.00

0.00

Net deferred tax liability

0.00

0.00

0.08

Note No. 11 Other Non current Assets

Particulars

31st March 201 8

31st March 201 7

01st April 2016

Other Non Current Assets non-trade (At cost)

20.00

0.00

0.00

Total

20.00

0.00

0.00

Note No. 12 Inventories

Particulars

31st March 201 8

31st March 201 7

01st April 2016

(Valued at cost )

Traded goods(Basis of valuation :At cost)

1070.93

44.62

0.00

Total

1070.93

44.62

0.00

Note No. 13 Cash and Cash Equivalents

Particulars

31st March 201 8

31st March 201 7

01st April 2016

Balance with banks

Fixed deposits with banks

0.00

0.00

2948.66

Other balances with banks

55.96

0.39

588.61

Total

55.96

0.39

3,537.27

Cheques,drafts on hand

Bank Reconciliation

-6.29

100.50

26.40

Total

-6.29

100.50

26.40

Cash in hand

Cash in hand

20.17

0.07

18.27

Total

20.17

0.07

18.27

Total

69.84

100.96

3,581.95

Note No. 14 Loans

Particulars

31st March 201 8

31st March 201 7

01st April 2016

Other loans and advances

Unsecured loans and advances value to be received

5614.02

9805.21

4117.82

Total

5614.02

9805.21

4117.82

Note No. 15 Current Tax Assets (Net)

Particulars

31st March 201 8

31st March 201 7

01st April 2016

Tax Deducted at Source Unsecured Deposits with statutory authorities .

53.70 118.37

29.81 54.81

48.08 18.41

Total

172.07

84.62

66.49

Note No. 16 Other Current Assets

Particulars

31st March 201 8

31st March 201 7

01st April 2016

Other Assets

Other Assets

786.69

779.69

1382.25

Ankur K Gupta and CO.

0.01

0.00

0.19

Akshat commodity Limited- Margin

0.00

0.00

2.00

Globe capital Market Ltd.- Security Deposit

0.05

0.05

0.05

DD in Hand

0.00

5.00

0.00

Advance for Future and Option

0.15

3.19

0.00

Prepaid Expenses

0.07

0.00

0.00

Loan to Staff

4.45

0.00

0.00

Total

791.41

787.93

1384.49

Note No. 17 Equity Share Capital

Particulars

31st March 2018

31st March 201 7

01st April 2016

Authorised :

20000000 (31/03/2017:20000000) Equity shares of Rs. 10.00/- par value

2000.00

2000.00

2000.00

Issued :

19974900 (31/03/2017:19974900) Equity shares of Rs. 10.00/- par value

1997.49

1997.49

1997.49

Subscribed and paid-up :

19974900 (31/03/2017:19974900) Equity shares of Rs. 10.00/- par value

1997.49

1997.49

1997.49

Total

1997.49

1997.49

1997.49

Reconciliation of the Shares outstanding at the beginning and at the end of the reporting period Equity shares

As at 31st March 2018

As at 31st March 2017

As at 31st March 2016

No. of Shares

Amount

No. of Shares

Amount

No. of

Amount

Shares

At the beginning of the period

19974900

1997.49

19974900

1997.49

19974900

1997.49

Issued during the Period

0

0

0

0.00

0

0

Redeemed or bought back during

0

0

0

0.00

0

0

the period

Outstanding at end of the period

19974900

1997.49

19974900

1997.49

19974900

1997.49

Right, Preferences and Restriction attached to shares Equity shares

The company has only one class of Equity having a par value Rs. 10.00 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the

Details of shareholders holding more than 5% shares in the company

Type of ShareName of Shareholders

Type of Share

Name of Shareholders

As at 31st March 2018

As at 31st March 2017

As at 1st April 2016

No. of Shares

% of Holding

No. of Shares

%of Holding

No. of Shares

% of Holding

Equity [NV: 10.00]

Avail Financial Services Pvt. Ltd.

2688000

13.46

Equity [NV: 10.00]

HILLRIDGE INVESTMENTS LIMITED

1018000

5.1

1018000

5.1

1018000

5.1

Equity [NV: 10.00]

KD STOCK BROKING PRIVATE LIMITED

3398300

17.01

3398300

17.01

Equity [NV: 10.00]

Lovely Securities Pvt. Ltd.

1394500.00

6.98

1394500.00

6.98

1394500

6.98

Equity [NV: 10.00]

Sri Endrash Investment and Finance Pvt. Ltd.

2206000

11.04

Equity [NV: 10.00]

TIMES CAPITAL SERVICES PRIVATE LIMITED

2404500.00

12.04

2206000

11.04

Equity [NV: 10.00]

Traditional Growth Fund Limited

2171000

10.87

Equity [NV: 10.00]

VARIMA EXPORTS PVT LTD

2380000.00

11.91

2171000

10.87

Equity [NV: 10.00]

Virgin Capital Services Pvt. Ltd.

1690500

8.46

Total :

10595300

53.04

10187800

51

11168000

55.91

Note No. 18 Borrowings

Particulars

31st March 2018

31st March 2017

01st April 2016

(B) Others Loans directors Unsecured

0.00

0.00

4.57

Total

0.00

0.00

4.57

Note No. 19 Trade Payables

Particulars

31st March 2018

31st March 2017

01st April 2016

(B) Others Sundry Creditors

16.83 16.83

0.25 0.25

0.46 0.46

Total

16.83

0.25

0.46

Note No. 20 Other Current Liabilities

Particulars

31st March 2018

31st March 2017

01st April

2016

Others payables

Other current liabilities, others

660.06

13.64

5.16

Total

660.06

13.64

5.16

Note No. 21 Current Tax Liabilities (Net)

Particulars

31st March 2018

31st March 2017

01st April 2016

Current tax provision

106.41

24.25

11.68

Tax on OCI

24.88

0.12

0.00

Net current tax liability

131.29

24.37

11.68

Note No. 22 Revenue from operations

Particulars

31st March 2018

31st March 2017

Sale of products

SALE OF COMMODITY

303.81

0.00

303.81

0

Other operating revenues

INTEREST ON FDR

0.00

62.72

INTEREST ON LOAN GIVEN

587.95

334.73

CAPITAL GAIN ON MUTUAL FUND

2.73

165.95

Profit on commodity trading

29.38

0.00

Profit on Fand O Trading

6.05

0.00

626.11

563.41

Net revenue from operations

929.91

563.41

Note No. 23 Other income

Particulars

31st March 2018

31st March 2017

Dividend Income

0.48

0.13

Net gain/loss on sale of investments

0

0.58

Other non-operating income

Round off

0

0.00

Discount Received

0.01

0.00

0.01

0.00

Total

0.49

0.71

Note No. 24 Purchase of stock-in-trade

Particulars

31st March 2018

31st March 2017

Purchase of Commodity

1364.25

44.62

Total

1364.25

44.62

Note No. 25 Changes in inventories

Particulars

31st March 2018

31st March 2017

Inventory at the end of the year

Traded Goods

1070.93

44.62

1070.93

44.62

Inventory at the beginning of the year

Traded Goods

44.62

0.00

44.62

0.00

(lncrease)/decrease in inventories

Traded Goods

-1026.31

-44.62

-1026.31

-44.62

Note No. 26 Employee benefit expenses

Particulars

31st March 2018

31st March 2017

Salaries and Wages

Salary and wages

33.05

35.54

Director Remuneration

39.00

24.00

Bonus

0.87

1.46

72.91

61.00

Staff welfare Expenses

2.18

1.38

Total

75.09

62.37

Note No. 27 Finance costs

Particulars

31st March 2018

31st March 2017

Interest

Interest onTDS

0.02

0.00

Interest on short-term loans from banks

0.00

0.41

0.02

0.41

Total

0.02

0.41

Note No. 28 Depreciation and amortization expenses

Particulars

31st March 2018

31st March 2017

Depreciation on tangible assets

1.02

0.00

Total

1.02

0.00

Note No. 29 Other expenses

Particulars

31st March 2018

31st March 2017

Account Opening Charges

0.02

0.00

Advertising expenses

0.43

0.35

AMC charges

0.02

0.02

Audit fees

0.25

0.15

Bank charges

0.03

0.01

Books periodicals

0.00

0.10

CDSL custodial Fee

0.52

0.52

Share Trading charges

0.00

0.04

Commodity Trading Expenses

2.58

3.61

Conveyance expenses

1.54

1.55

Delivery Expenses

2.78

2.78

DEMAT Charges

0.01

0.02

E-Voting Expenses

0.01

0.00

Electricity expenses

0.55

0.07

Festival celebration expenses

0.00

0.24

Listing Fee

2.88

2.29

Legal and professional expenses

13.64

2.36

NSDL Custodial Fee

0.53

0.52

NSDL Fee

0.00

0.02

Office Expenses

1.57

1.41

Office rent

0.60

0.60

Penalty- Income tax

1.50

1.50

Physical withdrawal charges

0.14

0.00

Prior Period Expenses

0.10

0.00

Printing and stationery

0.43

0.61

Postage expenses

0.09

0.13

Registrar charges

0.40

0.46

Website expenses

0.01

0.01

Warehouse Charges

11.27

0.00

Repair and Maintenance

0.62

ROC Compliance charges

0.42

0.53

Telephone expenses

0.49

0.35

Transaction Charges for commodity Purchase

1.48

0.00

Bad debts written off

0.00

1.19

Misc. Expenses

0.39

0.76

Loss on Forex Trading

84.93

83.11

Loss on Commodity Trading

0.00

318.25

Loss on Future and Option

0.00

037

Round Off

0.00

0..00

Trveiiing Expenses

1.73

0.00

Total

131.98

419.58

Note No. 30 Current tax

Particulars

31st March 2018

31st March 2017

Current tax pertaining to current year

106.41

24.25

Total

106.41

24.25

Notes to the financial statements for the year ended 31 March 2018

31 Fair values

Fair value measurement include both the significant financial instruments stated at amortised cost and at fair value in the statement of financial position. The carrying values of current financial instruments approximate their fair values due to the short-term maturity of these instruments.

The carrying value and fair value of financial instruments by categories as of March 31, 2018 are as follows :

Particulars

At amortised costs

At fair value through profit and loss

at fair value through OCI

Total carrying value

Total fair value

Assets

Investments

583.47

0.00

4038.13

4621.60

4621.60

Trade receivables

24.63

0.00

0.00

24.63

24.63

Cash and cash equivalents

69.84

0.00

0.00

69.84

69.84

Loans

5614.02

0.00

0.00

5614.02

5614.02

Other financial assets

0.00

0.00

0.00

0.00

0.00

6291.96

0.00

4038.13

10330.09

10330.09

Liabilities Short term borrowings

Trade payables Other financial liabilities

16.83

16.83

16.83

16.83

16.83

16.83

The carrying value and fair value of financial instruments by categories as of March 31, 2017 are as follows :

Particulars

At amortised costs

At fair value through profit and loss

at fair value through OCI

Total carrying value

Total fair value

Assets

Investments

207.00

0.00

26.42

233.42

233.42

Trade receivables

473.41

0.00

0.00

473.41

473.41

Cash and cash equivalents

100.96

0.00

0.00

100.96

100.96

Loans Other financial assets

9805.21

0.00

0.00

9,805.21

9,805.21

10,586.57

-

26.42

10,612.99

10,612.99

Liabilities

Short term borrowings

Trade payables Other financial liabilities

0.25

-

-

0.25

0.25

0.25

-

-

0.25

0.25

The carrying value and fair value of financial instruments by categories as of April 01, 2016 are as follows :

Particulars

At amortised costs

At fair value through profit and loss

at fair value through OCI

Total carrying value

Total fair value

Assets

Investments

2653.50

26.62

2,680.12

2,680.12

Trade receivables

0.00

-

Cash and cash equivalents

3581 .95

3,581.95

3,581.95

Loans

4117.82

4,117.82

4,117.82

Other financial assets

.

-

10,353.27

26.62

10,379.89

10,379.89

Liabilities

Short term borrowings

4.57

4.57

4.57

Trade payables

0.46

0.46

0.46

Other financial liabilities

.

-

5.03

5.03

5.03

32 Financial risk management objectives and policies

The risk management policies of the Company 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 Management has overall responsibility for the establishment and oversight of the Company''s risk management framework.

In performing its operating, investing and financing activities, the Company is exposed to the Credit risk, Liquidity risk and Market risk.

33 Credit risk on financial assets

Credit risk is the risk of financial loss to the company if a customer or counter-party fails to meet its contractual obligations.

Trade receivables Other financial assets

The company''s maximum exposure to credit risk as at 31 March 2018 & 31 March 2017 is the carrying value of each class of financial assets.

(a) Ageing analysis of the age of trade receivable amounts that are not due as at the end of reporting year:

Particulars

As at 31 March 2018

As at 31 March 2017

As at 1 April 2016

Within credit days

-

-

-

-

-

-

(b) Ageing analysis of the age of trade receivable amounts that are past due as at the end of reporting year but not impaired:

Particulars

As at 31 March 2018

As at 31 March 2017

As at 1 April 2016

Trade receivables:

24.14

473.41

4.21

Less than 180 days

Over 180 days upto 365 days

0.00

0.00

0.00

Over 365 days

0.50

0.00

0.00

120 to 180 days

-

-

-

Over 180 days Total

-

-

-

24.63

473.41

4.21

34 Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: interest rate risk, currency risk and other price risk. However, the Company does not have currency and other price risk as at 31 March 2018 (31 March 2017: Nil)

35 Interest rate risk

The interest rate risk exposure is mainly from changes in fixed and floating interest rates. The interest rate are disclosed in the respective notes to the financial statement of the Company. The following table analyse the breakdown of the financial assets and liabilities by type of interest rate:

Particulars

As at 31 March 2018

As at 31 March 2017

As at 1 April 2016

Financial assets

Non interest bearing

Investments

4621.60

233.42

2653.50

Trade receivables

24.63

473.41

4.21

Loans

5.00

5.00

0.00

Cash and cash equivalent

69.84

100.96

633.29

Other financial assets

0.00

0.00

0.00

Financial Liabilities

Interest bearing

- fixed interest rate

0.00

0.00

0.00

Borrowings

0.00

0.00

4.57

Other financial liabilities (Current maturities of long-term borrowings)

0.00

0.00

0.00

- floating interest rate

Borrowings

0.00

0.00

0.00

- fixed interest rate

Borrowings

0.00

0.00

0.00

Non interest bearing

Trade payables

16.83

0.25

0.46

Other financial liabilities (other than current maturities of long-term borrowings)

0.00

0.00

0.00

36 Interest rate sensitivity

The following table demonstrates the sensitivity to a reasonably possible change in interest rates on that portion of loans and borrowings affected. With all other variables held constant, the Company''s profit before tax is affected through the impact on floating rate borrowings, as follows:


Mar 31, 2015

1. The company has only one class of equity Shares having Par Value of Rs 10 per Share. All these Shares have Same right & preferences with respect to payment of dividend, repayment of Capital & Voting.

2. The reconciliation of the number of Shares outstanding is set out Below

3. Previous years figures have been reworked, regrouped, & reclassified wherever necessary to confirm to the current year presentation.

4. In the opinion of Board of Director, the current Assets, loans & advances have a value on realization in the ordinary course of business at least equal to the amount at which these are stated.

5. As per the Provision of AS-13, Accounting of Investments, investment purchased for the resale purpose should be valued at cost or market price whichever is lower, so that the company has valued it's currently purchased all stock in trade at less value that is cost.

6. During the year, the company purchased a commercial property (Shop) from Delhi development Authority situated at Narela, New Delhi for consideration of Rs 9, 06,405/-.

7. The company has invested Rs 44,23,30,733/- in the Fixed deposit, is part of Cash & Cash equivalents and further the fixed Deposit are easily marketable Assets.

8. During the year, the company has traded in Commodity, and the company has to suffered loss of Rs 1,71,50,668. Earlier the company has adopted the policy of showing these purchases and sale as trading in security thus the company had counted this sale as turnover of the company later the statutory auditor of the company raised objection for adoption of wrong policy. Actually these trading are in futures & options segment of the commodity, and as per the prescribed provision, these transactions could not be treated as trading. And the whole loss arising through trading in futures & options segment should be taken into consideration directly by "Marked to market".

9. Earlier the company has invested ' 2 Crore funds in convertible warrants but during the year, the board of Directors of the company finds that these convertible warrants cannot be converted into shares as well as cannot be redeemed. So the board of the directors took decision to written off these convertible warrants from the Retained earnings.

10. The company's business activity falls within single primary/ secondary business segment viz. Finance Activity. The disclosure requirement of Accounting standard (AS) -17 "Segment Reporting "issued by the Institute of chartered Accountants of India, therefore is not applicable.

11. Related Party Disclosure:

As per Accounting Standard 18 on Related Party disclosure issued by the Institute of chartered Accountants of India, there is no related Party transaction during the year.

12. Contingent Liabilities & Pending Litigations:

There is a pending Tax demand of Rs 60,02,240/- against the company. The above demand was raised by Department in A.Y. 2012-13. The demand of appeal is pending before CIT (A) till date. The Company is hopeful to get relieved from.

13. Earning per Share "AS-20" issued by the Institute of chartered Accountants of India:

14. The Company estimates the deferred tax created / (credit) using the applicable rate of Taxation based on the impact of timing Difference s between financial Statements and Estimated taxable income for the current Year. The company has reversed differed tax liabilities, created last year, because of Property purchased.

15. There are no micro, Small and Medium Enterprises, to whom the Company owes dues which outstanding for more than 45 days as at 31st March 2015. This information as required to be disclosed under the micro, small and medium Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with company.

(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014)

16. Form for disclosure of particulars of contracts/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 arm's length transactions under third proviso thereto.

17. Details of contracts or arrangements or transactions not at arm's length basis

(a) Name(s) of the related party and nature of relationship: NIL

(b) Nature of contracts/arrangements/transactions: NIL

(c) Duration of the contracts / arrangements/transactions: NIL

(d) Salient terms of the contracts or arrangements or transactions including the value: NIL

(e) Justification for entering into such contracts or arrangements or transactions: NIL

(f) Date of approval by the Board: NIL

(g) Amount paid as advances: NIL

(h) Date on which the special resolution was passed in general meeting as required under first proviso to section 188: NIL

18. Details of material contracts or arrangement or transactions at arm's length basis

(a) Name(s) of the related party and nature of relationship: NIL

(b) Nature of contracts/arrangements/transactions: NIL

(c) Duration of the contracts / arrangements/transactions: NIL

(d) Salient terms of the contracts or arrangements or transactions including the value: NIL (e)

Date(s) of approval by the Board: NIL

(f) Amount paid as advances, if any: NIL


Mar 31, 2014

For the purpose of calculating diluted earning per share, the net profit or loss for the year attributable to a; it reholders and the weighted average number of shares outstanding during the year are adiu ted for the effects of all diluted potential equity shares.

(1) Cash and Cash equivqlents

cash and cash in the cash llow statements comprise cash at bank and in hand and highly liquid in that are readily convertible into known amount of cash.

1. Previous years have been reworked, regrouped, & reclassified wherever necessary to confirm to presentation.

2. Balance standard & credit oi parlies are subject to confirmation.

3. In the opinio of Director, the current Assets, loans & advances have a value on realization in y course of business at least equal to the amount at which these are stated.

4. During the y ny has purchased Quoted Securities and Commodities that is considered as st e by the Management.

5. As per the hr. AS-2, Accounting of inventories, Stock in trade should be valued at cost or mark , whichever is lower, so that the company has valued it's currently purchased all se at less value that is cost.

6. The company property on profit of 8, 79,968, purchased last year, which do not affect the i n of the company and depreciation charges as per schedule XIV.

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Particulars

As at 31 March 2018

As at 31 March 2017

As at 1 April 2016

Increase in basis points Effect on profit before tax

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Decrease in basis points Effect on profit before tax

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