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Notes to Accounts of SVP Global Textiles Ltd.

Mar 31, 2021

1. No contract on capital account remains to be executed.

2. Contingent Liabilities - The Company has received income tax assessment order raising demand of Rs. 74.35 crore (P.Y. - Nil). The management has taken a legal opinion from reputed consultant and according to that these demands are not sustainable. The Company has filed appeals at respective forums.

Further, as per IND AS 37, it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation. Therefore, such amounts have been recognized as Contingent Liabilities in the said Financial Statements.

3. The amount of Exchange difference (Net) credited to the profit & Loss Account for the Year Rs. 5, 65,094/-

4. The Company has considered interest subsidy income of Rs. Nil from State Government of Rajasthan during the Year and Rs 61, 84,149/- shown under Interest subsidy receivable.

5. The balances appearing under Sundry Debtors, Sundry Creditors Advances to Suppliers and others are subject to confirmation.

7. The Company has not received information from suppliers regarding their status under the Micro, Small and Medium Enterprise Development Act, 2006 and hence the disclosures, if any, relating to amount unpaid as at the year end together with interest paid/payable and other disclosures required to be made U/s. 22 of the above Act is have not been given.

8. During the year the Company has issued and allotted upto 2, 23, 80,952 convertible warrants of face value of Rs. 1 each on preferential basis to the specified Promoter/Promoter Group at a price of Rs. 105 per warrant (including premium of Rs. 104 per warrant). The Company received the part payment (25 % of total consideration) of Rs. 58,74,99,990.

9. In determining Earning per share as per Ind AS - 33, the Company has considered net profit after tax. The Number of Shares used for determining basic EPS is the total Number of shares issued & fully paid up as at 31st March, 2021

Pursuant to the Special Resolution passed by the shareholders in the Annual General Meeting held on December 28,2020, the Company has sub-divided 1 (one) equity share of face value of INR 10 each, fully paid up into 10 (ten) equity shares of face value of INR 1 each, fully paid up effective from January 15, 2021 as the record date. Consequent to the sub-division of equity shares, 126,50,000 equity shares of face value of INR 10 each has been sub-divided into 12,65,00,000 equity shares of face value of INR 1 each.

Dividends declared by the Company are based on profits available for distribution. On June 29, 2021, the Board of Directors of the Company have proposed a final dividend of Rs 0.03 per share in respect of the year ended March 31, 2021 subject to the approval of shareholders at the Annual General Meeting, and if approved, would result in a cash outflow of approximately 37.95 Lakhs.

11. The cash flow Statement As per Ind AS 7 is as per Annexure.

12. No disclosure is required under Ind AS-105 on "Discontinuing Operations" issued by the Institute of Chartered Accountants of India as the company has not discontinued any line of its activity/product line during the year.

13. Deferred Tax Asset / Deferred Tax Liability :

The calculation of DTL & DTA is as below:

15. Figures of the previous year have been regrouped and reclassified wherever necessary to confirm to the current year''s classification.


Mar 31, 2018

Corporate Information

SVP GLOBAL VENTURES LIMITED (the Company) is a listed Public Company domiciled in India and incorporated under the provision of the Companies Act, 1956. The Company is engaged In Manufacturing of Textiles Goods.

Basis of Preparation

I. Compliance with IND AS

These financial statements “Standalone” have been prepared in accordance with the Indian Accounting Standards (hereinafter referred to as the ‘Ind AS’) as notified by Ministry of Corporate Affairs pursuant to Section 133 of the Companies Act, 2013 (‘Act’) read with of the Companies (Indian Accounting Standards) Rules,2015 as amended and other relevant provisions of the Act.

These financial statements for the year ended 31st March, 2018 are the first financials with comparatives, prepared under Ind AS. For all previous periods including the year ended 31st March, 2017, the Company had prepared its financial statements in accordance with the accounting standards notified under companies (Accounting Standard) Rule, 2006 (as amended) and other relevant provisions of the Act (hereinafter referred to as ‘Previous GAAP’) used for its statutory reporting requirement in India.

The accounting policies are applied consistently to all the periods presented in the financial statements, including the preparation of the opening Ind AS Balance Sheet as at 1st April, 2016 being the date of transition to Ind AS.

ii.Historical Cost convention

The financial statements have been prepared on the accrual and going concern basis. The financial statements have been prepared on a historical cost basis, except for certain financial assets and liabilities that is measured at fair value as stated in subsequent policies.

The accounting policies have been applied consistently over all the period presented in these financial statements.

iii. Current non-current classification

All assets and liabilities have been classified as current or non-current as per the Company’s normal operating cycle (twelve months) and other criteria set out in the Schedule III to the Act.

A). NOTES FORMING PART OF ACCOUNTS:

1. No contract on capital account remains to be executed.

2. Contingent Liability in the books of Rs. Nil. (P.Y. Bank Guarantee to DGFT of Rs. 1, 41, 60,000/-)

3. The amount of Exchange difference (Net) debited to the profit & Loss Account for the Year Rs. 55,177/

4. The Company has considered interest subsidy income of Rs.3,24,57,399/-from State Government of Rajasthan out of which Rs. 2,43,20,412 /- already been received and balance of Rs. 81,36,987/- shown under Interest subsidy receivable.

5. The balances appearing under Sundry Debtors, Sundry Creditors Advances to Suppliers and others are subject to confirmation.

6. Details of remuneration to Managing Director and Whole Time Director

7. The company has not received information from suppliers regarding their status under the Micro, Small and Medium Enterprise Development Act, 2006 and hence the disclosures, if any, relating to amount unpaid as at the year-end together with interest paid/payable and other disclosures required to be made U/s.22 of the above Act is have not been given.

8. In determining Earning per share as per Ind AS - 33, the Company has considered net profit after tax. The Number of Shares used for determining basic EPS is the total Number of shares issued & fully paid up as at 31st March, 2018.

9. The cash flow Statement As per Ind AS 7 is as per Annexure.

10. No disclosure is required under Ind AS-105 on “Discontinuing Operations” issued by the Institute of Chartered Accountants of India as the company has not discontinued any line of its activity/product line during the year.

*Deferred tax Asset is created only to the extent of timing differences, the reversal of which has virtual certainty as per clause 18 of IND AS 12

11. RELATED PARTY TRANSACTIONS:-

1. Related parties particulars pursuant to “ Ind Accounting Standard - 24”

- Scenario Communication Limited holds 67.58% of SVP Global Ventures Limited

- SVP Global Ventures Limited holds 99.99% of Citron Infraprojects Limited

12. Figures of the previous year have been regrouped and reclassified wherever necessary to confirm to the current year’s classification.


Mar 31, 2016

Q. NOTES FORMING PART OF ACCOUNTS:

1. No contract on capital account remains to be executed.

2. Contingent Liability not provided for in the books Rs. Nil ( P.Y. NIL)

3. The amount of Exchange difference (Net) credited to the profit & Loss Account for the Year Rs. Nil.

4. The balances appearing under Sundry Debtors, Sundry Creditors Advances to Suppliers and others are subject to confirmation.

5. During the year company has not provided for deferred tax liability.

6. Details of remuneration to Managing Director and Whole Time Director

7. The company has not received information from suppliers regarding their status under the Micro, Small and Medium Enterprise Development Act, 2006 and hence the disclosures, if any, relating to amount unpaid as at the yearend together with interest paid/payable and other disclosures required to be made U/s.22 of the above Act is have not been given.

8. In determining Earning per share as per AS - 20, the Company has considered net profit after tax. The Number of Shares used for determining basic EPS is the total Number of shares issued & fully paid up as at 31st March, 2015.

9. The cash flow Statement As per AS 3 is as per Annexure

10. No disclosure is required under AS-24 on "Discontinuing Operations" issued by the Institute of Chartered Accountants of India as the company has not discontinued any line of its activity/product line during the year.

11. RELATED PARTY TRANSACTIONS :-

12. Related parties particulars pursuant to "Accounting Standard - 18"


Mar 31, 2015

Corporate Information

SVP GLOBAL VENTURES LIMITED (the Company) is a listed Public Company domiciled in India and incorporated under the provision of the Companies Act, 1956. The Company is engaged for Trading of Gold Diamond, Stones, Fabrics etc.

1. Basis of Preparation

The financial statements of the company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards as prescribed under section 133 of the companies act 2013('the act') read with rule 7 of the Companies (Accounting) Rules, 2014, the provisions of the companies Act 2013(to the extent notified) and guidelines issued by the Securities and Exchange Board Of India(SEBI). The Financial statements have been prepared on an accrual basis. The accounting policies adopted in the preparation of financial statements are considered with those of previous year, except for the change in accounting policy explained below

2. No contract on capital account remains to be executed.

3. Contingent Liability not provided for in the books Rs. Nil ( P.Y. NIL)

4. The amount of Exchange difference (Net) credited to the profit & Loss Account for the Year Rs. Nil.

5. The balances appearing under Sundry Debtors, Sundry Creditors Advances to Suppliers and others are subject to confirmation.

6. During the year company has not provided for deferred tax liability.

7. Details of remuneration to Managing Director and Whole Time Director

8. As required by Accounting Standard – 5, details of Prior Period items debited to profit & Loss a/c. is Rs. 2500/-.

9. The company has not received information from suppliers regarding their status under the Micro, Small and Medium Enterprise Development Act, 2006 and hence the disclosures, if any, relating to amount unpaid as at the year end together with interest paid/payable and other disclosures required to be made U/s.22 of the above Act is have not been given.

10 In determining Earning per share as per AS - 20, the Company has considered net profit after tax. The Number of Shares used for determining basic EPS is the total Number of shares issued & fully paid up as at 31st March, 2015.

11. The cash flow Statement As per AS 3 is as per Annexure

12. No disclosure is required under AS-24 on "Discontinuing Operations" issued by the Institute of Chartered Accountants of India as the company has not discontinued any line of its activity/product line during the year.

13. Figures of the previous year have been regrouped and reclassified wherever necessary to confirm to the current year's classification As per our report of even date


Mar 31, 2014

Corporate Information

SVP GLOBAL VENTURES LIMITED (the Company) is a Public Company domiciled in India and incorporated under the provision of the Companies Act, 1956. The Company is engaged for Trading of Gold Diamond,Stones,Fabrics etc.

1. Basis of Preparation

The financial statements of the company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards notified under the Companies (Accounting Standards) Rules, 2006 (as amended) and the relevant provisions of the companies Act 1956. The Financial statements have been prepared on an accrual basis. The accounting policies adopted in the preparation of financial statements are considered with those of previous year, except for the change in accounting policy explained below

1. No contract on capital account remains to be executed.

2. Contingent Liability not provided for in the books Rs. Nil ( P.Y. NIL)

3. The amount of Exchange difference (Net) credited to the profit & Loss Account for the Year Rs. Nil (P. Y. Rs. 99,046/-)

4. The balances appearing under Sundry Debtors, Sundry Creditors Advances to Suppliers and others are subject to confirmation.

5. During the year company has not provided for deferred tax liability.

6. Details of remuneration to Managing Director and Whole Time Director

7. As required by Accounting Standard - 5, details of Prior Period items debited to profit & Loss a/c. is Rs. NIL.

8. The company has mainly activity of circulation of magazine and motion films. However company has trading activity on Jeweler and Textiles Goods during the year. In the opinion of the management, disclosure of segment reporting pursuant to AS-17 issued by the ICAI is not feasible.

9. The company has not received information from suppliers regarding their status under the Micro, Small and Medium Enterprise Development Act, 2006 and hence the disclosures, if any, relating to amount unpaid as at the year end together with interest paid/payable and other disclosures required to be made U/s.22 of the above Act is have not been given.

10. In determining Earning per share as per AS - 20, the Company has considered net profit after tax. The Number of Shares used for determining basic EPS is the total Number of shares issued & fully paid up as at 31st March, 2014.

11. The cash flow Statement As per AS 3 is as per Annexure

12. No disclosure is required under AS-24 on "Discontinuing Operations" issued by the Institute of Chartered Accountants of India as the company has not discontinued any line of its activity/product line during the year.

13. During the year, the company has undertaken a review of all fixed assets in line with the requirement of AS-28 on "Impairment of Assets" issued by the Institute of Chartered Accountants of India. Based on such review, no provision for impairment is required to be recognized for the year.

14. RELATED PARTY TRANSACTIONS:-

1. Related parties particulars pursuant to "Accounting Standard - 18" a) LIST OF RELATED PARTIES:

Name of related parties Nature of Transaction relationship enterd during the year

SAMEER RAJIV KAPOOR Key Mangerial NO Personnel CHIRAG VINOD PITTIE YES

NARENDRA MANSINGKA NO

DILLIP KUMAR SAHOO

SCENARIO COMMUNICATION LIMITED Holding YES Company

A TO Z RETAIL LIMITED NO

DOSANI PROPERTIES LIMITED NO

CITRON INFRAPROJECTS LIMITED YES

SHUBHKANCHI TRADING PRIVATE LIMITED NO

SVP TEXTILES VENTURES PRIVATE LIMITED NO

CHEVONNE TRADERS PRIVATE LIMITED NO

RED MAPLE MERCANTILE LIMITED YES

SHRIVALLABH PITTIE INDUSTRIES LIMITED NO

SHRIVALLABH PITTIE MERCANTILE LIMITED Associate YES companies SHRIV ALLABH PITTIE INFRAPROJECTS LIMITED NO

PLATINUM TEXTILES LIMITED YES

JEET MACHINE TOOLS LIMITED NO

SUNRISE HOSPITALITY PRIVATE LIMITED NO

HELIOS MERCANTILE LIMITED YES

AAKASHGANGA INDUSTRIES PRIVATE LIMITED NO

HELIOS EXPORTS LIMITED NO

CHONSIE TRADERS PRIVATE LIMITED NO

15. Figures have been rounded off to the nearest rupee.

16. Figures of the previous year have been regrouped and reclassified wherever necessary to confirm to the current year''s classification.


Mar 31, 2013

1. No contract on capital account remains to be executed.

2. Contingent Liability not provided for in the books Rs. Nil (P.Y. NIL)

3. The amount of Exchange difference (Net) credited to the profit & Loss Account for the Year Rs. 99,046/- (P. Y. Rs. 3,51,959/-)

4. The balances appearing under Sundry Debtors, Sundry Creditors Advances to Suppliers and others are subject to confirmation.

5. During the year company has not provided deferred tax liability.

6. As required by Accounting Standard - 5, details of Prior Period items debited to profit & Loss a/c. is Rs. NIL.

7. The Company has mainly activity of circulation of magazine and motion films. However Company has trading activity on Jeweler and Textiles Goods during the year. In the opinion of the management, disclosure of segment reporting pursuant to AS-17 issued by the ICAI is not feasible.

8. The Company has not received information from suppliers regarding their status under the Micro, Small and Medium Enterprise Development Act, 2006 and hence the disclosures, if any, relating to amount unpaid as at the year end together with interest paid/payable and other disclosures required to be made U/s 22 of the above Act is have not been given.

9. In determining Earning per share as per AS - 20, the Company has considered net profit after tax. The Number of Shares used for determining basic EPS is the Total Number of Shares issued & fully paid up as at 31st March, 2013.

10. The cash flow Statement As per AS 3 is as per Annexure - 1

11. No disclosure is required under AS-24 on "Discontinuing Operations" issued by the Institute of Chartered Accountants of India as the Company has not discontinued any line of its activity/product line during the year.

12. During the year, the Company has undertaken a review of all fixed assets in line with the requirement of AS-28 on "Impairment- of Assets" issued by the Institute of Chartered Accountants of India. Based on such review, no provision for impairment is required to be recognized for the year.

13. The year end foreign currency exposure that have not been hedged by a derivative instrument or otherwise are given below:

(a) Amount receivable in foreign currency - US $17,966/- (P.Y.US $43,186/-)

14. RELATED PARTY TRANSACTIONS:-

1.Related parties particulars pursuant to "Accounting Standard -18"

a. LIST OF RELATED PARTIES:

l.Key Management Personnel

- Mr. Chirag Pittie

2. Relatives of Key Management Personnel

- Mrs. Kavita Pittie Mother of Shri Chirag Pittie

3.Enterprises in which key management personnel and/or their relatives have significant influence

- Shrivallabh Pittie Infraproject Ltd.,

- Shrivallabh Pittie Mercantile Ltd.,

4. Enterprises with substantial interest

- Platinum Textiles Limited

- Scenario Communication Ltd.,

- Shrivallabh Pittie Infraprojects Ltd.

- Shrivallabh Pittie Mercantile Ltd.

15. Figures have been rounded off to the nearest rupee.

16. Figures of the previous year have been regrouped and reclassified wherever necessary to confirm to the current year''s classification.


Mar 31, 2012

1. During the year the company has reduced the rate of depreciation on brand and copy right from 10% to 5% on Straight Line Basis, consequent upon that profit is overstated by Rs. 7,97,747/- and also assets is overstated by the same amount.

2. No contract on capital account remains to be executed.

3. Contingent Liability not provided for in the books Rs. Nil (P.Y. NIL)

4. The amount of Exchange difference (Net) credited to the profit & Loss Account for the year Rs.,351,959.00/- ( P. Y. debited Rs.67,856)

5. The balances appearing under Sundry Debtors, Sundry Creditors, Advances to Suppliers and others are subject to confirmation.

6. During the year company has not provided deferred tax liability of Rs. 12,745 /-

7. As required by Accounting Standard - 5, details of Prior Period items debited to profit & Loss a/c. is Rs. NIL.

8. The company has mainly activity of circulation of magazine and motion films. However company has trading activity on Jeweler and Grey fabrics during the year. In the opinion of the management, disclosure of segment reporting pursuant to AS-17 issued by the ICAI is not feasible.

9. The company has not received information from suppliers regarding their status under the Micro, Small and Medium Enterprise Development Act, 2006 and hence the disclosures, if any, relating to amount unpaid as at the year end together with interest paid/payable and other disclosures required to be made U/s.22 of the above Act is have not been given.

10. In determining Earning per share as per AS - 20, the Company has considered net profit after tax. The Number of Shares used for determining basic EPS is the total Number of shares issued & fully paid up as at 31st March, 2012.

11. The cash flow Statement As per AS 3 is as per Annexure 1

12. No disclosure is required under AS-24 on "Discontinuing Operations" issued by the Institute of Chartered Accountants of India as the company has not discontinued any line of its activity/product line during the year.

13. During the year, the company has undertaken a review of all fixed assets in line with the requirement of AS-28 on "Impairment of Assets" issued by the Institute of Chartered Accountants of India. Based on such review, no provision for impairment is required to be recognized for the year.

14. The year end foreign currency exposure that have not been hedged by a derivative instrument or otherwise are given below:

(a) Amount receivable in foreign currency - US $43,186/- (P.Y.US $41,799/-)

15. RELATED PARTY TRANSACTIONS:-

l.Related parties particulars pursuant to "Accounting Standard - 18"

a) LIST OF RELATED PARTIES:

l.Key Management Personnel

- Mr. Chirag Pittie

2. Relatives of Key Management Personnel

- Mrs. Kavita Pittie Mother of Shri Chirag Pittie

3.Enterprises in which key management personnel and/or their relatives have significant influence

- Shrivallabh Pittie Infraproject Ltd.,

- Shri vallabh Pittie Mercantile Ltd.,

4. Enterprises with substantial interest

- Platinum Textiles Limited

- Scenario Communication Ltd.,

- Shrivallabh Pittie Infraprojects Ltd.

- Shrivallabh Pittie Mercantile Ltd.

16. Figures have been rounded off to the nearest rupee.

17. Figures of the previous year have been regrouped and reclassified wherever necessary to confirm to the current year's classification.


Mar 31, 2010

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