Usha Shriram Unlisted Shares Financial Reports

Usha Shriram Unlisted Shares

Usha Shriram Enterprises Private Limited: Standalone Financial Statements Summary (01/04/2021 - 31/03/2022) **I. General Company Information:** * Usha Shriram Enterprises Private Limited, incorporated on March 24, 1983, is an Indian non-government company limited by shares. * The company's corporate identity number is U74899DL1983PTC015432 and permanent account number is AAACU6782E. * Its registered office is located at Block A Dda Commercial Complex, Ring Road Naraina, New Delhi. * The nature of the company’s industry is Commercial Industrial. * As of the end of the financial year, the company had 48 employees. * The company has not published a sustainability report for the financial year. * The final accounts were approved at a board meeting held on 07/09/2022. * The report presents standalone financial statements with presentation currency in INR, rounded to Lakhs. * The cash flow statement follows the indirect method. * The company maintains books of account and other relevant documents in electronic form. **II. Principal Products or Services:** * The company's principal product/service categories are classified under ITC 4-digit codes 9405 (Electric Filament or Discharge Lamps) and 7615 (Table, Kitchen or Other Domestic Articles). * Description of product or service category : Lighting and Cookwares. * Turnover from lighting category was INR 2,764.64 Lakhs and Cookwares INR 1,015.86 Lakhs. * Lighting segment highest turnover product or service code 94051090 with a turnover of INR 2,764.64 Lakhs with 32,64,348 quantity of service in UoM. **III. Directors' Report:** * The 40th Annual Report, along with audited accounts, is presented for the period ending March 31, 2022. * Net revenue from operations decreased from Rs. 55.13 Crores in the previous financial year to Rs. 44.12 Crores in the financial year 2021-2022. * The company registered a net loss of Rs. 1195.12 Lakhs. * Gross Loss before Tax is Rs. 11.95 crores in the FY 2021-22 as compared to Gross Profit before Tax, of Rs. 12.45 lacs in the FY 2020-2021. * The company's directors do not recommend any dividend for the year under review since the company hasn't earned profit during the year. * There are no employees drawing remuneration in excess of the limits set out in Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. * The Board of Directors consists of 4 directors. There was no appointment/resignation of any director during the year. * The Board of Directors met four times during the year: 29/06/2021, 19/08/2021, 18/11/2021, and 08/03/2022. **IV. Board of Directors and Shareholding:** * The board includes Sh. Subodh Varma (Chairman), Sh. Anupam Bharat (Managing Director), Smt. Urmila Dongre (Director), and Sh. K.P. Malhotra (Director). * Sh. Subodh Varma, Sh. Anupam Bharat, and Sh. K.P. Malhotra attended all 4 board meetings. Smt. Urmila Dongre attended no board meetings. * There is no change in the share capital of the company during the year under review. * The company does not have any subsidiary company. * Promoters hold 10,00,000 shares (75.02%). * Individual/HUF hold 983962 shares (73.82%). * Body Corporates hold 16038 shares (1.20%). **V. Statutory Compliance and Other Disclosures:** * The provisions of Section 148(1) of the Companies Act, 2013 regarding the maintenance of cost records, are not applicable to the company. * The company has adopted a policy for prevention of Sexual Harassment of Women at workplace and has set up Committee for implementation of said policy. The Company has not received any complaint of harassment. * There are no significant/material orders passed by the Regulators or Courts or Tribunals impacting the going concern status of your Company and its operations in future. * The Company has not given any guarantee in favor of any person/Company during the financial year 2021-22. * The Company has not made the investments u/s 186 of the Companies Act, 2013 during the financial year 2021-22. * All related party transactions were entered into during the financial year were on arm's length basis and were in the ordinary course of the business. * Material Related Party Transactions were not entered during the year by your Company. * Details relating to deposits covered under chapter V of companies act are disclosed. The company has not accepted any deposits from the Public and as such, no amount of principal or interest was outstanding as on the date of the Balance Sheet for the year ended 31st March, 2022. **VI. Financial Performance & Ratios (in Lakhs of INR):** * As per notes in the financial statements: * Total Equity and Liabilities: INR 11,719.39 Lakhs * Total Assets: INR 11,719.39 Lakhs * Share Capital: 1,333 * Reserves and Surplus: 1,161.95 * Long-term Borrowings: 1,329.37 * Trade Payables: 385.25 * Tangible Assets: 2,110.03 * Intangible Assets: 0.19 * Inventories: 3,082.89 * Trade Receivables: 3,116.34 * Cash and Bank Balances: 155.93 * Revenue from Operations: INR 4,412.70 * Profit/Loss Before Tax: INR (1,195.12) * Earnings Per Share: INR 0 **VII. Auditor's Report:** * Auditors of the Company have not expressed any qualification in their report and notes to accounts where ever given are self-explanatory. * The report confirms that the company has maintained proper records of fixed assets, and that physical verification was conducted. * The auditor's report includes an unmodified opinion on the adequacy and operating effectiveness of the company's internal financial controls. **VIII. Signatories of Financial Statements:** * Anupam Bharat (Managing Director) * Subodh Varma (Director) * Krishan Paul Malhotra (Director) **IX. Other Key Points** * The Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934. * There have been no resignation of the statutory auditors during the year. * Appointment of M/s. D.Datta & Associates, Chartered Accountants, as statutory auditors has been proposed for ratification before the members for further period of one year subject to ratification at every AGM. * The company is not a Nidhi Company

Usha Shriram Unlisted Shares

The document is the standalone financial statements of Usha Shriram Enterprises Private Limited for the period April 1, 2020, to March 31, 2021. The statements are reported in Lakhs of INR unless otherwise specified. **1. General Company Information:** * **Name:** Usha Shriram Enterprises Private Limited. * **Corporate Identity Number:** U74899DL1983PTC015432. * **Permanent Account Number:** AAACU6782E. * **Address:** Block A, Dda Commercial Complex Ring Road Naraina, New Delhi - DELHI, INDIA - 110028. * **Type of Industry:** Commercial and Industrial. * **Listed Company:** No. * **Employees:** 105. * **Sustainability Report:** No. **2. Key Dates:** * **Board Meeting (Approval of Accounts):** November 18, 2021. * **Reporting Period:** April 1, 2020, to March 31, 2021. **3. Financial Reporting:** * **Nature of Report:** Standalone. * **Content of Report:** Financial Statements. * **Currency:** INR. * **Rounding:** Lakhs. * **Cash Flow Statement:** Indirect Method. * **Electronic Records:** Yes. **4. Principal Products/Services:** * **Product Category (ITC 4-Digit Code):** 9405 (Lamps & Lighting Fittings), 7615 (Table, Kitchen or Other Household Articles). * **Description of Product/Service:** Electric filament or discharge lamps; Table kitchen or other domestic articles of iron/steel, cookwares. * **Turnover:** ₹3,960.53 lakhs from lighting and ₹1,279.27 lakhs from cookwares. * **Highest Turnover Product (ITC 8-Digit Code):** 94051090 (Lighting), 76151011 (Cookwares). * **Quantity:** 45,22,698 (lighting) and 1,49,583 (cookwares). **5. Directors' Report Disclosures:** * **Directors Signing Report:** Subodh Varma (Chairman, DIN: 00057495) and Anupam Bharat (Managing Director, DIN: 00057537). * **State of Company Affairs:** Covid-19 pandemic and lockdowns impacted economic activity; total revenue decreased from Rs. 130.66 Crores (previous year) to Rs. 126.20 Crores. * **Dividend:** No dividend recommended as profits are required for future investments. * **Board Meetings:** Four meetings held: 12/06/2020, 25/09/2020, 24/12/2020 & 19/03/2021. * **Directors:** 4 directors: Subodh Varma (Chairman), Anupam Bharat (Managing Director), Smt. Urmila Dongre, and Sh. K.P.Malhotra. * **Share Capital:** No change. * **Subsidiary:** The company does not have any subsidiary companies. * **Auditors:** Proposed re-appointment of M/s. D.Datta & Associates, Chartered Accountants, subject to ratification at AGM. * **Fixed Deposits:** No public deposits accepted. * **Independent Directors:** Provisions not applicable. * **Cost Records:** Provisions not applicable. * **CSR:** The Company has not done any CSR activity during year under review. * **Loans, Guarantees & Investments:** No guarantees or investments made u/s 186 of Companies Act, 2013. * **Energy Conservation and Technology Absorption:** Not applicable/Nil. * **Foreign Exchange:** Earnings: 91.23 lakhs, Expenditure: 84.88 lakhs. * **Related Party Transactions:** Transactions were at arm's length and in the ordinary course of business; disclosure in Form No.AOC-2 is not enclosed. * **Internal Financial Controls:** Adequate internal financial controls are in place. * **Sexual Harassment Policy:** Policy adopted; no complaints received. * **Significant/Material Orders:** No significant orders impacting the company's going concern status. * **Rule 5(2) Compliance:** No employees drawing remuneration in excess of limits. * **Rule 8(5) Compliance:** extract of the annual return is attached to the report as Annexure-A. **6. Auditors' Report Disclosures:** * **Auditor:** D.DATTA & ASSOCIATES. * **Firm Registration Number:** 011249N. * **Member:** DHIRENDRA DATTA. * **Membership Number:** 080097. * **UDIN:** 21080097AAAAAH9933. * **Report Date:** November 18, 2021. * **Unqualified Report:** The auditors' report does not contain any qualifications, reservations, or adverse remarks. * **Fixed Assets:** Company maintained proper records of fixed assets. * **Inventories:** Inventories were physically verified, and no material discrepancies were noted. * **Loans:** No loans granted to parties covered under Section 189 of the Companies Act, 2013. * **Deposits:** The Company has not accepted any deposits from the public. * **Statutory Dues:** The Company has been generally regular in depositing undisputed statutory dues. * **No fraud:** fraud by the Company and no fraud on the Company by its officers or employees has been noticed or reported during the year. * **Related Parties:** The Company does not hold shares in other companies, and related parties transactions are not applicable. * **The company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at March 31, 2021. * **CARO Applicability:** Reporting under CARO 2016 has few clauses not applicable to the company. **7. Financial Data (F.Y.E. March):** | Particulars | 2021 (Lakhs) | 2020 (Lakhs) | | :------------------------------ | :----------- | :----------- | | Revenue from Sales & Services | 12620.17 | 13066.20 | | Less Sales by Licensees | 6347.96 | 6195.97 | | Net Revenue from Operations | 6272.21 | 6870.23 | | Other Income | 0 | 42.35 | | Total Revenue from Operations | 6272.21 | 6912.58 | | Less Expenses | 6259.76 | 6908.73 | | Gross Profit Before Tax | 12.45 | 3.85 | | Tax | 7.37 | 1.50 | | Net Profit | 5.08 | 2.35 | **8. Balance Sheet Summary (as of March 31, 2021):** (All Values in Lakhs) * **Share Capital:** 1,333 * **Reserves and Surplus:** 2,357.07 * **Long-Term Borrowings:** 1,477.24 * **Short-Term Borrowings:** 4,267.4 * **Trade Payables:** 366.23 * **Other Current Liabilities:** 2,931.95 * **Tangible Assets:** 2,151.05 * **Intangible Assets:** 0.19 * **Inventories:** 3,499.5 * **Trade Receivables:** 2,768.76 * **Cash and Bank Balances:** 306.17 **9. Cash Flow Summary:** * **Net cash flows from (used in) operations before extraordinary items:** -106.4 * **Net cash flows from (used in) investing activities before extraordinary items:** 0 * **Net cash flows from (used in) financing activities before extraordinary items:** 194.72 * **Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes:** 88.32 **10. Shareholding Pattern:** * Subodh Varma: 3,34,000 shares (25.06%). * Anupam Bharat: 1,66,000 shares (12.45%). * URMILA L. DONGRE: 4,50,251 shares (33.78%). * NEELESHWAR BHATNAGAR: 3,33,000 shares (24.98%). **11. Other Key Points:** * The company has not accepted any deposits from the public and hence no deposits are covered under chapter V of act. * There is no change in the nature of business. * The company has made specific disclosures and notes regarding Fixed Assets, Inventories, Loans and Advances, Borrowings, Trade Payables, Intangible Assets and Share Capital. * Auditor Details: M/s. D. Datta & Associates (Firm Registration Number 011249N) **12. Accounting Policies (as of March 31, 2021):** * Financial statements are prepared based on historical cost convention and are compliant with mandatory accounting standards and presentational requirements of the Companies Act, 2013. * Revenue is recognized at the time of handing over the goods to customers/carting agents/ transporters, in accordance with ICAI guidelines. * Inventories of stores, spares and finished goods are valued at lower of cost or Net realizable value. * Depreciation is charged on straight Line Method in accordance with Schedule II of the Companies Act, 2013. * Future gratuity liability is accounted for on actual payment basis. * The company has not made any capital subsidies and revenue subsidies from the Government authorities * There are detailed notes available in the report that contain information about how the accounting policies have been implemented. This summary captures all major aspects of the provided standalone financial statement for Usha Shriram Enterprises Private Limited for the fiscal year 2020-2021.

Usha Shriram Unlisted Shares

The following is a comprehensive summary of the provided PDF, "Usha Shriram Enterprises Private Limited Standalone Financial Statements for period 01/04/2019 to 31/03/2020": **I. General Information about the Company:** * **Name:** Usha Shriram Enterprises Private Limited * **Corporate Identity Number (CIN):** U74899DL1983PTC015432 * **Permanent Account Number (PAN):** AAACU6782E * **Address:** Block A Dda Commercial Complex Ring Road Naraina, New Delhi * **Type of Industry:** Commercial and Industrial * **Listed Company:** No * **Employees at Year-End:** 105 * **Sustainability Report Published:** No * **Board Meeting Approving Accounts:** 24/12/2020 * **Reporting Period:** 01/04/2019 to 31/03/2020 (Standalone) * **Currency:** INR (Values in Lakhs) * **Rounding:** Lakhs * **Cash Flow Statement Type:** Indirect * **Electronic Records:** No **II. Principal Products and Services:** * **Product/Service Categories:** Lighting (ITC 9405) and Cookwares (ITC 7615). * **Description:** Includes electric filament or discharge lamps; table or kitchen articles of iron or steel. * **Turnover:** Lighting = 3,172.57 Lakhs, Cookwares = 2,173.42 Lakhs * **Highest Turnover Product/Service (ITC 8 digit):** 94051090 (Lighting) & 76151011 (Cookwares) * **Quantity of Lighting product** 45,64,238 pure * **Quantity of Cookwares product** 3,40,952 pure **III. Directors' Report Disclosures:** * **Directors Signing Report:** Subodh Varma (Director, DIN: 00057495, Signed 24/12/2020). * **State of Company Affairs:** During the year, the company registered a Total Profit after Tax of Rs. 2.35 Lacs. * **Financial Summary:** * Revenue from Sales & Services: 13066.20 Lacs (2020), 14469.60 Lacs (2019) * Net Revenue from operations: 6870.23 Lacs (2020), 7765.24 Lacs (2019) * Total Revenue from operations: 6912.58 Lacs (2020), 7891.73 Lacs (2019) * Gross profit before tax: 3.85 Lacs (2020), 7.78 Lacs (2019) * Net Profit: 2.35 Lacs (2020), 5.28 Lacs (2019) * **Dividend:** No dividend recommended due to the need for future investments. * **Business Nature:** Trading of consumer household products. Revenue decreased from Rs. 144.70 Crores to Rs. 130.66 Crores. * **Personnel:** No employees drawing remuneration exceeding limits specified in Companies Rules, 2014. * **Board of Directors:** Vijay Kumar Sindhwani resigned on 28th January 2020. The board consists of 4 Directors. * **Board Meetings:** 5 meetings held (26-04-2019, 02-08-2019, 30-10-2019, 20-12-2019 & 28-01-2020). * **Board Attendance:** * Subodh Varma (Chairman): 5 * Anupam Bharat (Managing Director): 5 * Urmila Dongre (Director): 5 * K.P. Malhotra (Director): 5 * V.K. Sindhwani (Director): 1 * **Share Capital:** No change during the year. * **Subsidiary/Holding/Associate:** No subsidiary company. Investment in Usha Shriram Water Purifiers P.L. withdrawn. * **Auditors:** M/s. D.Datta & Associates proposed for ratification for further two years. No qualifications in their report. * **Fixed Deposits:** No public deposits accepted. * **Independent Directors:** Sub Section 6 of Section 149 of Companies Act, 2013 is not applicable to the company. * **Cost Records:** Section 148(1) of Companies Act, 2013 is not applicable to the company. * **Corporate Social Responsibility (CSR):** Not applicable as criteria not met. * **Loans/Guarantees/Investments:** None given or made as per respective sections of companies act. * **Energy Conservation/Technology Absorption:** Nil particulars. * **Foreign Exchange:** Earnings: 27.87 Lacs, Expenditure: 110.22 Lacs. * **Related Party Transactions:** All transactions at arm's length, no material transactions with subsidiary. * **Annual Return:** Extract attached as Annexure-A. * **Directors' Responsibility Statement:** Confirms adherence to accounting standards, true and fair view, maintenance of records, going concern basis, and internal financial controls. * **Internal Financial Controls:** Adequate controls are in place, some outlined. * **Sexual Harassment Policy:** Policy in place, committee set up, no complaints received. * **Significant/Material Orders:** None. * **Acknowledgement:** Appreciation for cooperation. **IV. Extract of Annual Return:** * **CIN:** U74899DL1983PTC015432, Date: 24th March, 1983 * **Name:** USHA SHRIRAM ENTERPRISES PRIVATE LIMITED * **Company Category:** Company limited by Shares - Indian Non-Government Company * **Registered Office:** Block A, DDA Commercial Complex, Ring Road, Naraina, New Delhi * **Principal Business Activities:** Lighting (46.17% of turnover), Cookwares (31.64% of turnover), both NIC Code 464 * **Shareholding Pattern:** * Promoters: 75.02% * Individual/HUF: 24.98% * **Top 3 Shareholder** * Subodh Varma, Anupam Bharat, Urmila Dongre **V. Auditors' Report Disclosures:** * **No qualifications or reservations.** * **Fixed Assets:** Proper records maintained, physical verification done, no discrepancies noted, title deeds in the name of the Company. * **Inventories:** Physical verification at reasonable intervals, no discrepancies noted. * **Loans:** No loans granted to parties covered under Section 189 of the Companies Act, 2013. * **Deposits:** No public deposits accepted. * **Cost Records:** Not applicable. * **Statutory Dues:** Generally regular in depositing dues, no undisputed amounts in arrears. * **Default in Repayment:** No default in repayment of financial dues. * **Public Offer/Term Loans:** No funds raised through these means. * **Fraud:** No fraud reported. * **Managerial Remuneration:** Provisions not applicable. * **Nidhi Company:** Not a Nidhi Company. * **Related Party Transactions:** Compliant with Sections 188 and 177. * **Preferential Allotment:** None made. * **Non-Cash Transactions:** None entered into. * **RBI Registration:** Not applicable. * Internal financial control is adequate. * **Auditor Details:** * Firm: D.DATTA & ASSOCIATES (FRN: 011249N) * Signing Partner: D D A T T A , Prop, (Membership No.: 080097) * UDIN: 21080097AAAAAH9933, signing Date: 24/12/2020 **VI. Financial Statements Notes:** * **Share Capital:** Authorized shares 15,00,000 valued Rs 1,500 Lakhs. Issued and subscribed shares are 13,33,000, valued Rs 1,333 Lakhs. * **Reserves and Surplus:** Rs 2,351.99 lakhs as of 31/03/2020 . * Borrowings were at Rs 1,761.45 Lakh. * Tangible assets at Rs 2,202.25 lakh. * Inventory at Rs 2,987.27 lakh. * Total equity share capital outstanding Rs. 13,33,000 **VII. Auditors' Report (D. DATTA & ASSOCIATES):** * Independent Auditor’s Report indicates that USHA SHRIRAM ENTERPRISES PRIVATE LIMITED has a fair financial statement for the period. * Ind AS financial statement information is required by Act *The Company has maintained records showing full particulars. * Financial controls are in good standing. This summarizes the key operational and financial aspects of Usha Shriram Enterprises for the fiscal year 2019-2020 as presented in the standalone financial statements.