Rudra Global Infra Products Ltd. இன் கணக்கு குறிப்புகள்

Mar 31, 2025

B.10 Provisions, Contingent Liabilities and Contingent Assets

Provisions are recognised when the Company has a present obligation (legal or constructive) as a
result of a past event, it is probable that the Company will be required to settle the obligation,
and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle
the present obligation at the end of the reporting period, taking into account the risks and
uncertainties surrounding the obligation.

When some or all of the economic benefits required to settle a provision are expected to be
recovered from a third party, a receivable is recognised as an asset if it is virtually certain that
reimbursements will be received and the amount of the receivable can be measured reliably.
Contingent liability is disclosed for possible obligations which will be confirmed only by future
events not within the control of the Company or present obligations arising from past events
where it is not probable that an outflow of resources will be required to settle the obligation or a
reliable estimate of the amount of the obligation cannot be made.

Contingent Assets are not recognized since this may result in the recognition of income that may
never be realized.

B.ll Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the
contractual provisions of the instruments.

Financial assets and financial liabilities are initially measured at fair value. Transaction costs that
are directly attributable to the acquisition or issue of financial assets and financial liabilities
(other than financial assets and financial liabilities at fair value through profit or loss) are added
to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on
initial recognition. Transaction costs directly attributable to the acquisition of financial assets or
financial liabilities at fair value through profit or loss are recognised immediately in profit or loss.
Financial assets:

All regular way purchases or sales of financial assets are recognised and derecognised on a trade
date basis. Regular way purchases or sales are purchases or sales of financial assets that require
delivery of assets within the time frame established by regulation or convention in the
marketplace.

Classification of financial assets

The financial assets are initially measured at fair value. Transaction costs that are directly
attributable to the acquisition of financial assets are added to the fair value of the financial assets
on initial recognition.

After initial recognition:

(i) Financial assets (other than investments) are subsequently measured at amortised cost using
the effective interest method.

Effective interest method is a method of calculating the amortised cost of a debt instrument and
of allocating interest income over the relevant period. The effective interest rate is the rate that
exactly discounts estimated future cash receipts (including all fees and points paid or received
that form an integral part of the effective interest rate, transaction costs and other premiums or
discounts) through the expected life of the debt instrument, or, where appropriate, a shorter
period, to the net carrying amount on initial recognition.

Investments in debt instruments that meet the following conditions are subsequently measured
at amortised cost:

• The asset is held within a business model whose objective is to hold assets in order to
collect contractual cash flows; and

• the contractual terms of the instrument give rise on specified dates to cash flows that
are solely payments on principal and interest on the principal amount outstanding.

Income on such debt instruments is recognised in profit or loss and is included in the "Other
Income".

The Company has not designated any debt instruments as fair value through other
comprehensive income.

(ii) Financial assets (i.e. investments in instruments other than equity of subsidiaries) are
subsequently measured at fair value.

Such financial assets are measured at fair value at the end of each reporting period, with any
gains (e.g. any dividend or interest earned on the financial asset) or losses arising on re¬
measurement recognised in profit or loss and included in the "Other Income".

Investments in equity instruments of subsidiaries

The Company measures its investments in equity instruments of subsidiaries at cost in
accordance with Ind AS 27. At transition date, the Company has elected to continue with the
carrying value of such investments measured as per the previous GAAP and use such carrying
value as its deemed cost.

Impairment of financial assets:

A financial asset is regarded as credit impaired when one or more events that may have a
detrimental effect on estimated future cash flows of the asset have occurred. The Company
applies the expected credit loss model for recognising impairment loss on financial assets (i.e. the
shortfall between the contractual cash flows that are due and all the cash flows (discounted) that
the Company expects to receive).

De-recognition of financial assets:

The Company de-recognises a financial asset when the contractual rights to the cash flows from
the asset expire, or when it transfers the financial asset and substantially all the risks and rewards
of ownership of the asset to another party. If the Company neither transfers nor retains
substantially all the risks and rewards of ownership and continues to control the transferred
asset, the Company recognises its retained interest in the asset and an associated liability for
amounts it may have to pay. On de-recognition of a financial asset in its entirety, thedifference
between the asset''s carrying amount and the sum of the consideration received and receivable is
recognised in the Statement of profit and loss.

Financial liabilities and equity instruments

Equity instruments

Equity instruments issued by the Company are classified as equity in accordance with the
substance and the definitions of an equity instrument. An equity instrument is any contract that
evidences a residual interest in the assets of an entity after deducting all of its liabilities.

Financial liabilities

All financial liabilities are subsequently measured at amortised cost using the effective interest
method. The carrying amounts of financial liabilities that are subsequently measured at
amortised cost are determined based on the effective interest method. Interest expense that is
not capitalised as part of costs of an asset is included in the "Finance Costs".

The effective interest method is a method of calculating the amortised cost of a financial liability
and of allocating interest expense over the relevant period. The effective interest rate is the rate
that exactly discounts estimated future cash payments (including all fees and points paid or
received that form an integral part of the effective interest rate, transaction costs and other
premiums or discounts) through the expected life of the financial liability, or (where appropriate)
a shorter period, to the net carrying amount on initial recognition.

De-recognition of financial liabilities

The Company de-recognises financial liabilities when, and only when, the Company''s obligations
are discharged, cancelled or have expired. An exchange between with a lender of debt
instruments with substantially different terms is accounted for as an extinguishment of the
original financial liability and the recognition of a new financial liability. Similarly, a substantial
modification of the terms of an existing financial liability (whether or not attributable to the
financial difficulty of the debtor) is accounted for as an extinguishment of the original financial
liability and the recognition of a new financial liability. The difference between the carrying
amount of the financial liability derecognised and the consideration paid and payable is
recognised in profit or loss.

B. 12 Earnings per share

Basic earnings per share is calculated by dividing the net profit or loss for the year attributable to
equity shareholders by the weighted average number of equity shares outstanding during the
year.For the purpose of calculating diluted earnings per share, the net profit or loss for the year
attributable to equity shareholders and the weighted average number of shares outstanding
during the year are adjusted for the effects of all dilutive potential equity shares.

C. Critical Accounting judgements and key sources of estimation uncertainty

The preparation of financial statements in conformity with Ind AS requires the Company''s
Management to make judgments, estimates and assumptions about the carrying amounts of
assets and liabilities recognised in the financial statements that are not readily apparent from
other sources. The judgements, estimates and associated assumptions are based on historical
experience and other factors including estimation of effects of uncertain future events that are
considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates (accounted on a prospective basis) and recognised in the period in which
the estimate is revised if the revision affects only that period, or in the period of the revision and
future periods of the revision affects both current and future periods.

The following are the key estimates that have been made by the Management in the process of
applying the accounting policies:

Fair value measurement of financial instruments

When the fair values of financial assets and financial liabilities recorded in the balance sheet
cannot be measured based on quoted prices in active markets, their fair value are measured
using valuation techniques. The inputs to these models are taken from observable markets
where possible, but where this is not feasible, a degree of judgement is required in establishing
fair values. Judgements include considerations of inputs such as liquidity risk, credit risk and
volatility. Changes in assumptions relating to these factors could affect the reported fair value of
financial instruments.

Allowance for doubtful trade receivables

Trade receivables do not carry any interest and are stated at their nominal value as reduced by
appropriate allowances for estimated irrecoverable amounts.

Estimated irrecoverable amounts are derived based on a provision matrix which takes into
account various factors such as customer specific risks, geographical region, product type,
currency fluctuation risk, repatriation policy of the country, country specific economic risks,
customer rating, and type of customer, etc.

Individual trade receivables are written off when the management deems them not to be
collectable.

Defined benefit plan

The cost of the defined benefit plans and other post-employment benefits and the present value
of the obligation are determined using actuarial valuations. An actuarial valuation involves
making various assumptions that may differ from actual developments in the future. These
include the determination of the discount rate, future salary increases, mortality rates and future
pension increases. Due to the complexities involved in the valuation and its long-term nature, a
defined benefit obligation is highly sensitive to changes in these assumptions. All assumptions
are reviewed at each reporting date.

The parameter that is subject to change the most is the discount rate. In determining the
appropriate discount rate, the management considers the interest rates of government bonds in
currencies consistent with the currencies of the post-employment benefit obligation and
extrapolated as needed along the yield curve to correspond with the expected term of the
defined benefit obligation.

The mortality rate is based on publicly available mortality tables. Those mortality tables tend to
change only at intervals in response to demographic changes. Future salary increases are after
considering the expected future inflation rates for the country.

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Mar 31, 2024

C. Terms & Rights attached to equity shares :

(A) The company has only one class of equity shares having a par value of Rs. 5 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividend in indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting . During the year ended March 31, 2024, the amount per share of dividend recognised as distributions to equity share holders was Rs. NIL.

(B) 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.

As per records of the company, including its register of shareholder/members and other declarations received from share holders regarding beneficial interest, the above shareholding represents both legal and beneficial ownership of the shares.

I. Securities Premium reserve represents premium received on equity shares issued, which can be utilised only in accordance with the provisions of the Companies Act, 2013 (the Act) for specified purpose.

II. Retained Earnings are the profits that the company has earned till date, less any transfer to general reserves, dividends or other distributions paid to the shareholders.

2. Details of Security:

a) Secured by way of hypothecation of specified plant and machinery and all other specified movables (save & except book debts) purchased out of loan, by equitable mortgage of Company''s immovable properties located at Nesada Taluka Sihor, Bhavnagar inclusive of all buildings, structures and plant & machinery thereon on pari passu basis and also by personal guarantee of Directors.

b) Long Term Finance from AXIS Bank is secured by Hypothecation Charge on Crane

Term Loan of Rs. 12.7890 Lakhs is repayable in Equal Monthly Installments of Rs. 32,746/-including interest. There is no overdue interest as at 31.03.2022.

c) Long Term Finance from ICICI Bank is secured by Equitable Mortgage on Non - Residential Premises at Ahmedabad.

Term Loans of Rs. 59.07 Lakhs is repayable in Equal Monthly Installments of Rs. 87,329/-including interest. There is no overdue interest as at 31.03.2022.

d) Term Loan from Punjab National Bank of Rs. 14.00 Crores is primarily secured by way of hypothecation of plant and machinery purchased out of loan. The term loan carries interest @ 12.25 % p.a.

e) Long Term Finance from HDFC Bank is secured by Hypothecation Charge on Fortuner Car.

Term Loan of Rs. 37.82 Lakhs is repayable in Equal Monthly Installments of Rs. 78,142/-including interest. There is no overdue interest as at 31.03.2024.

f) Long Term Finance from HDFC Bank is secured by Hypothecation Charge on Grand Vitara Car. Term Loan of Rs. 13.10 Lakhs is repayable in Equal Monthly Installments of Rs. 27,257/-including interest. There is no overdue interest as at 31.03.2024.

g) Top up loan from ICICI bank is secured by hypothecation charge on Ahmedabad Office. Term Loan of Rs. 42.00 Lakhs is repayable in Equal Monthly Installments of Rs. 54,347/- including interest. There is no overdue interest as at 31.03.2024.

h) Long Term Finance from ICICI Bank is secured by Hypothecation Charge on Force traveller Car. Term Loan of Rs. 16.68 Lakhs is repayable in Equal Monthly Installments of Rs. 34,628/-including interest. There is no overdue interest as at 31.03.2024.

Note 3.2 : Employee benefits A. Defined contribution plans

Eligible employees of the Company are entitled to receive benefits in respect of provident fund, in which both employees and the Company make monthly contributions at a specified percentage of the covered employees'' salary. The contributions are made to the provident fund as set up by Government.

B. Defined benefit plans:

The Company has following post employment benefit which are 9.in the nature of defined benefit plans:

(a) Gratuity

The Company has an obligation towards gratuity, a defined benefit retirement plan covering eligible employees. The plan provides for payment to vested employees at retirement, death while in employment or on termination of employment in accordance with the scheme of the company. Vesting occurs upon completion of five years of service. The Company accounts for the liability for gratuity benefits payable in the future based on an actuarial valuation.

Note 3.4 : Capital Management

For the purpose of the company''s capital management, capital includes issued equity capital and all other equity reserves attributable to the equity holders of the Company. The primary objectives of the Company''s capital management is to ensure that it maintains a strong credit rating and healthy capital ratios in order to support its business and maximise return to stakeholders through the optimisation of the debt and equity balance.

The Company determines the amount of capital required on the basis of annual planning and budgeting and corporate plan for working capital, capital outlay and long-term product and strategic involvements. The funding requirements are met through internal accruals and a combination of both long-term and short-term borrowings.

The Company monitors the capital structure on the basis of total debt (long term and short term) to equity and maturity profile of the overall debt portfolio of the Company.

Note 3.5 : Financial Risk Management

In course of its business, the Company is exposed to certain financial risks that could have significant influence on the Company''s business and operational/ financial performance. These include market risk (including currency risk, interest rate risk and price risk), credit risk and liquidity risk.

The Board of Directors reviews and approves risk management framework and policies for managing these risks and monitors suitable mitigating actions taken by the management to minimise potential adverse effects and achieve greater predictability to earnings. In line with the overall risk management framework and policies, the management monitors and manages risk exposure through an analysis of degree and magnitude of risks.

(i) Market Risk

Market risk is the risk that changes in market prices, liquidity and other factors that could have an adverse effect on realizable fair values or future cash flows to the Company. The Company''s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates as future specific market changes cannot be normally predicted with reasonable accuracy.

(a) Foreign Currency Risk Management:

The Company undertakes transactions denominated in foreign currencies and thus it is exposed to exchange rate fluctuations. The Company actively manages its currency rate exposures, arising from transactions entered and denominated in foreign currencies, and uses derivative instruments such as foreign currency forward contracts to mitigate the risks from such exposures. The company does not use derivative instruments to hedge risk exposure.

(b) Interest Rate Risk Management:

The Company is exposed to interest rate risk pertaining to funds borrowed at both fixed and floating interest rates. The Company''s risk management activities are subject to management, direction and control under the framework of risk management policy of interest rate risk. The management ensures risk governance framework for the company through appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with the Company''s policies and risk objectives

(ii) Credit Risk

Credit risk refers to the risk that a counterparty or customer will default on its obligation resulting in a loss to the company. Financial instruments that are subject to credit risk principally consist of Loans, Trade and Other Receivables, Cash and Cash Equivalents, Investments and Other Financial Assets.

Credit risk encompasses both, the direct risk of default and the risk of deterioration of creditworthiness as well as concentration of risk. The Company''s exposure and the credit ratings of its counterparties are continuously monitored and the aggregate value of transactions concluded is spread amongst approved counterparties

Trade receivables consist of a large number of customers, spread across diverse industries and geographical areas. The Company evaluates the concentration of risk with respect to trade receivables as low, as its customers are located in several jurisdictions and operate in independent markets. Ongoing credit evaluation is performed on the financial condition of accounts receivable and, where appropriate. The average credit periods are generally in the range of 14 days to 90 days. Credit limits are established for all customers based on internal rating criteria.

(iii) Liquidity Risk

The Company monitors its risk of shortage of funds through using a liquidity planning process that encompasses an analysis of projected cash inflow and outflow.

The Company''s objective is to maintain a balance between continuity of funding and flexibility largely through cash flow generation from its operating activities and the use of bank loans. The Company assessed the concentration of risk with respect to refinancing its debt and concluded it to be low. The Company has access to a sufficient variety of sources of funding

Note : (a) The company has received show cause notice from DGGI, Jaipur regarding availment of ineligible input tax credit in March 2022. The amount of Rs. 15,29,29,558 is under adjudication, against with the amount paid of Rs. 7,65,00,000 is under protest.

(b) The company has received notice under Section 147 of the Income Tax Act, 1961 for A.Y. 2018-2019 for the addition of income, under which department have demanded Rs. 21,41,63,833/-. The company has filed the appeal against the order which is pending.

(c) The company has received notice under Section 143(3) of the Income Tax Act, 1961 for A.Y. 2022-2023 for the addition of income, under which department have demanded Rs. 20,08,59,868/-. The company has filed the appeal against the order which is pending.

4. The search under section 67 of CGST Act, 2017 has been conducted by CGST, Bhavnagar at Premises of Directors of the company and at the registered office of the company. The same has been concluded peacefully with no finding of any incriminating documents.

5. Additional Regulatory Information

a) The Company does not have any benami property where any proceedings have been initiated on or are pending against the Company for holding benami property under the Benami Transactions (Prohibitions) Act, 1988 (45 of 1988) and rules made thereunder.

b) The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

c) The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.

d) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

- Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiary) or

- Provide any guarantee, security or the like to or on behalf of the ultimate beneficiary.

e) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall

- Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

- provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

f) The Company does not have any transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income tax Act, 1961.

g) The Company has not traded or invested in crypto currency or virtual currency during the year under review.

h) There are no charges or satisfaction which are yet to be registered with Registrar of Companies beyond the statutory period.

i) The Company has no transactions with the Companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956.

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Mar 31, 2023

Terms & Rights attached to equity shares :

(A) 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. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. During the year ended March 31, 2023, the amount per share of dividend recognised as distributions to equity share holders was Rs. NIL.

(B) 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.

Refer Statement of changes in Equity for additions/deletions in each reserve Notes

I. Securities Premium reserve represents premium received on equity shares issued, which can be utilised only in accordance with the provisions of the Companies Act, 2013 (the Act) for specified purpose.

II. Retained Earnings are the profits that the company has earned till date, less any transfer to general reserves, dividends or other distributions paid to the shareholders.

2. Details of Security:

a) Secured by way of hypothecation of specified plant and machinery and all other specified movables (save & except book debts) purchased out of loan, by equitable mortgage of Company''s immovable properties located at Nesada Taluka Sihor, Bhavnagar inclusive of all buildings, structures and plant & machinery thereon on pari passu basis and also by personal guarantee of Directors.

b) Long Term Finance from SIDBI Bank is secured by Hypothecation Charge on Windmill/ windfarm

Term Loan of Rs. 900.00 Lakhs is repayable in Equal Monthly Instalments of Rs. 11,50,000/-including interest. There is no overdue interest as at 31.03.2022.

c) Long Term Finance from AXIS Bank is secured by Hypothecation Charge on Crane

Term Loan of Rs. 12.7890 Lakhs is repayable in Equal Monthly Installments of Rs. 32,746/-including interest. There is no overdue interest as at 31.03.2022.

d) Long Term Finance from ICICI Bank is secured by Equitable Mortgage on Non - Residential Premises at Ahmedabad.

Term Loans of Rs. 59.07 Lakhs is repayable in Equal Monthly Installments of Rs. 87,329/-including interest. There is no overdue interest as at 31.03.2022.

e) Long Term Finance from SIDBI Bank is secured by Hypothecation Charge on Windmill/ windfarm.

Term Loan of Rs. 810.00 Lakhs is repayable in Equal Monthly Installments of Rs. 11,50,000/-including interest. There is no overdue interest as at 31.03.2022.

f) Long Term Finance from Axis Bank is secured by Hypothecation Charge on Hydraulic Crane. Term Loan of Rs. 11.45 Lakhs is repayable in 36 Equal Monthly Installments of Rs. 36,544/-including interest. There is no overdue interest as at 31.03.2022.

g) Term Loan from Punjab National Bank of Rs. 14.00 Crores is primarily secured by way of hypothecation of plant and machinery purchased out of loan. The term loan carries interest @ 12.25 % p.a.

2. Cash Credit facility from Punjab National Bank is primarily secured by hypothecation charge on stock and Book debts of the company and collaterally secured by equitable mortgage of immovable properties of the company, its directors and their relatives. The CC is repayable on demand and carries interest @12.00% p.a.

Note 3.2 : Employee benefits A. Defined contribution plans

Eligible employees of the Company are entitled to receive benefits in respect of provident fund, in which both employees and the Company make monthly contributions at a specified percentage of the covered employees'' salary. The contributions are made to the provident fund as set up by Government.

B. Defined benefit plans:

The Company has following post employment benefit which are in the nature of defined benefit plans:

(a) Gratuity

The Company has an obligation towards gratuity, a defined benefit retirement plan covering eligible employees. The plan provides for payment to vested employees at retirement, death while in employment or on termination of employment in

Note 3.4 : Capital Management

For the purpose of the company''s capital management, capital includes issued eq uity capital and all oth er equity reserves attributable to the equity holders of the Company. The primary objectives of the Company''s capital management is to ensure that it maintains a strong credit rating and healthy capital ratios in order to support its business and maximise return to stakeholders through the optimisation of the debt and equity balance.

The Company determines the amount of capital required on the basis of annual planning and budgeting and corporate plan for working capital, capital outlay and long-term product and strategic involvements. The funding requirements are met through internal accruals and a combination of both long-term and short-term borrowings.

The Company monitors the capital structure on the basis of total debt (long term and short term) to equity and maturity profile of the overall debt portfolio of the Company.

Note 3.5 : Financial Risk Management

In course of its business, the Company is exposed to certain financial risks that could have significant influence on the Company''s business and operational/ financial performance. These include market risk (including currency risk, interest rate risk and price risk), credit risk and liquidity risk.

The Board of Directors reviews and approves risk management framework and policies for managing these risks and monitors suitable mitigating actions taken by the management to minimise potential adverse effects and achieve greater predictability to earnings. In line with the overall risk management framework and policies, the management monitors and manages risk exposure through an analysis of degree and magnitude of risks.

(i) Market Risk

Market risk is the risk that changes in market prices, liquidity and other factors that could have an adverse effect on realizable fair values or future cash flows to the Company. The Company''s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates as future specific market changes cannot be normally predicted with reasonable accuracy.

(a) Foreign Currency Risk Management:

The Company undertakes transactions denominated in foreign currencies and thus it is exposed to exchange rate fluctuations. The Company actively manages its currency rate exposures, arising from transactions entered and denominated in foreign currencies, and uses derivative instruments such as foreign currency forward contracts to mitigate the risks from such exposures. The company does not use derivative instruments to hedge risk exposure.

(b) Interest Rate Risk Management:

The Company is exposed to interest rate risk pertaining to funds borrowed at both fixed and floating i nterest rates. The Company''s risk management activities are subject to management, direction and control under the framework of risk management policy of interest rate risk. The management ensures risk governance framework for the company through

appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with the Company''s policies and risk objectives

For the company''s total borrowings, the analysis is prepared assuming that amount of the liability outstanding at the end of the reporting period was outstanding for the whole year.

(ii) Credit Risk

Credit risk refers to the risk that a counterparty or customer will default on its obligation resulting in a loss to the company. Financial instruments that are subject to credit risk principally consist of Loans, Trade and Other Receivables, Cash and Cash Equivalents, Investments and Other Financial Assets.

Credit risk encompasses both, the direct risk of default and the risk of deterioration of creditworthiness as well as concentration of risk. The Company''s exposure and the credit ratings of its counterparties are continuously monitored and the aggregate value of transactions concluded is spread amongst approved counterparties

Trade receivables consist of a large number of customers, spread across diverse industries and geographical areas. The Company evaluates the concentration of risk with respect to trade receivables as low, as its customers are located in several jurisdictions and operate in independent markets. Ongoing credit evaluation is performed on the financial condition of accounts receivable and, where appropriate. The average credit periods are generally in the range of 14 days to 90 days. Credit limits are established for all customers based on internal rating criteria.

(iii) Liquidity Risk

The Company monitors its risk of shortage of funds through using a liquidity plannin g process that encompa sses an analysis of projected cash inflow and outflow.

The Company''s objective is to maintain a balance between continuity of funding and flexibility largely through cash flow generation from its operating activities and the use of bank loans. The Company assessed the concentration of risk with respect to refinancing its debt and concluded it to be low. The Company has access to a sufficient variety of sources of funding

Note 3.10: Other Notes

1. Outstanding Balance of unsecured loans, borrowings, trade receivables, trade paya bles and any other outst anding balances including all squared up accounts are subject to confirmation and reconciliation.

2. Previous Year Figures have been regrouped, rearranged, recalculated and reclassified whenever required.

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Mar 31, 2018

1. Corporate Information

Rudra Global Infra Products Limited (Formerly known as “M.D. Inducto Cast Limited”) (“The Company”) was originally incorporated as Private limited Company on 16th September 2010 and having duly passed the necessary resolution on 11th May, 2015 in terms of Section 14 and other applicable provisions of the Companies Act, 2013, the constitution of company was changed to M.D. INDUCTO CAST LIMITED as per certificate dated 20th May, 2015.

The shares of the company were listed on Bombay stock exchange (SME) Platform as on 16th July 2015. During the year, the company has migrated from SME Platform to BSE Main Board w.e.f. 16th November, 2017, and also changed name to Rudra Global Infra Products Limited from M.D. Inducto cast Limited w.e.f. 26 ^th December, 2017.

The company is engaged in the business of manufacturing and trading the Billets and TMT Bars and also trading Rudra Cement.

The company has one wholly owned subsidiary, namely Rudra Aerospace & Defense Private Limited. The subsidiary company is in its business plans implementation stage.

2. In the opinion of the Board of Directors, Current Assets, Loans & Advances have a value on realization at least equal to the amount at which they are stated in the Balance Sheet. Adequate provision have been made in the accounts for all the known.

3. Previous year figures have been regrouped/ rearranged wherever necessary so as to make them comparable with current year figures.

4. The balance of sundry creditors, sundry debtors, loans & advances are unsecured considered goods and are subject to confirmation.

As per records of the Company, including its register of shareholders/members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownership of shares.

Terms/rights, preferences and restrictions attached to each class of shares Equity shares:

The Company has only one class of equity shares having par value of Rs.10 per share. Each holder of equity share is entitled to one vote per share. The dividend proposed by the board of directors is subject to approval of the share holders at the 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 payment of all liabilities. The distribution will be in proportion to the number of equity shares held by the shareholders.

For the financial year ended March 31, 2018, the company has proposed dividend of Rs. 1 per equity share subject to approval of the shareholders in Annual General Meeting.

5. Details of securities for various borrowing:

a) Secured by an exclusive first charge by way of hypothecation of specific plant and machinery and all other specific movables, both present and future, purchased out of the loan and hypothecation of movables (save & except book debts) including movable plant and machinery, both present and future. Also by Equitable mortgage of Company’s immovable properties located at Nesada Taluka- Sihor, Bhavnagar with all buildings and structures and plant and machinery thereon with loans and also by personal guarantee of Directors.

b) Long Term Finance from HDFC Bank Limited is secured by Hypothecation Charge on two Trucks.

Term Loans of Rs. 33.50 Lakh is Repayable in Equal Monthly Instalments Of Rs. 1,11,570/- including interest commencing from 12th January, 2013. There is no overdue interest as at 31.03.2018.

c) Long Term Finance from SIDBI is secured by Hypothecation Charge on Windmill.

Term Loans of Rs. 900.00 Lakh is Repayable in Equal Monthly Instalments of Rs. 11,50,000/- including interest commencing from 30^th March 2017. There is no overdue interest as at 31.03.2018.

d) Long Term Finance from AXIS BANK is secured by Hypothecation Charge on Two Truck.

Term Loans of Rs. 30.00 Lakh is Repayable in Equal Monthly Instalments of Rs. 78,432/- including interest commencing from 20th February, 2014 and ending on December, 2018. There is no overdue interest as at 31.03.2018

e) Long Term Finance from HDFC Bank is Secured by Hypothecation Charge on ESCORT CRANE 14-T.

Term Loans of Rs. 12.00 Lakh is Repayable in Equal Monthly Instalments of Rs. 31,250/- including interest.

f) Long Term Finance from MAGMA FIN CORP LIMITED is secured by Hypothecation Charge on LOADER BACKHOE. Term Loans of Rs. 18.00 Lakh is Repayable in Equal Monthly Instalments of Rs. 45,400/- including interest.

g) Long Term Finance from AXIS BANK is secured by Hypothecation Charge on Crane

Term Loans of Rs. 12.78 Lakh is Repayable in Equal Monthly Instalments of Rs. 32,746/- including interest commencing from 5th June, 2014 and ending on May, 2018. There is no overdue interest as at 31.03.2018

h) Long Term Finance from ICICI BANK is secured by Hypothecation Charge on Car (Mercedes Benz).

Term Loans of Rs. 65.00 Lakh is Repayable in Equal Monthly Instalments of Rs. 1,37,000/- including interest commencing from 10th December, 2014 and ending on October, 2019. There is no overdue interest as at 31.03.2018

i) Long Term Finance from ICICI BANK is secured by Equitable Mortgage on Non - Residential Premises at Ahmedabad.

Term Loans of Rs. 59.07 Lakh is Repayable in Equal Monthly Instalments of Rs. 87,329/- including interest commencing from June, 2014 and ending on May, 2024. There is no overdue interest as at 31.03.2018

j) Long Term Finance from Punjab National Bank is secured by hypothecation charge on Windmills and personal guarantee of Directors. The term loan of Rs. 3.15 Crores is repayable in 60 equal monthly instalments of Rs. 5,25,000/-including interest commencing from March, 2015 and ending on April, 2020. There is no overdue interest as at 31.03.2018.

k) Long Term Finance from HDFC Bank Limited is secured by Hypothecation Charge on Car -Toyota Innova Car.

Term Loans of Rs. 21.00 Lakh is repayable in Equal Monthly Instalments of Rs. 64,290/- including interest commencing from November, 2017. There is no overdue interest as at 31.03.2018.

l) Long Term Finance from SIDBI is secured by Hypothecation Charge on Windmill.

Term Loans of Rs. 900.00 Lakh is repayable in Principal Monthly Instalments of Rs. 11,50,000/- starting from August, 2018.

m) Long Term Finance from ICICI BANK is secured by Equitable Mortgage on vehicle- TATA Tiago.

Term Loans of Rs. 5.96 Lakh is repayable in Equal Monthly Instalments of Rs. 18,815/- including interest commencing from November, 2017 and ending on May, 2024. There is no overdue interest as at 31.03.2018.

a) Details of security:

Working Capital facility from banks are secured by

a) Primary Security- first charge on present and future receivables and inventories of the Company.

b) Collateral Security- Hypothecation of Fixed Assets, Fixed deposits lien marked to banks and Immovable properties - belonging to promoter & others.

c) Personal guarantees of directors

Note: 1.1 RELATED PARTY DISCLOUSER

Transactions with Related parties as specified under Accounting Standard -18 issued by the Institute of Chartered

Accountant of India-

Key management personnel on board

Mr. Ashok Kumar Gupta - Chairman & Director

Mr. Nikhil Gupta - Managing Director

Mrs. Shamarani Gupta - Woman Director

Mr. Himanshu Desai - Independent Director

Mr. Vikram Shah - Independent Director

Mr. Vinod Jangind - Independent Director

Mr. Arvind Jejurikar - Chief Financial Officer

Mr. Vimal Dattani - Company Secretary

Relative of Key Managerial personnel

Mr. Sahil Gupta - Brother of Managing Director

Mrs. Shrishti Gupta - Wife of Managing Director

Enterprises over which Key Managerial Personnel exercises significant influence

Harikrishna Steel Corporation - As Partnership firm in which Director is partner

Chintamani Oxygen - As Partnership firm in which Director is partner

M D Jewels - As Partnership firm in which Director is partner

M D Steel - Enterprises over which Director’s relative exercise significant influence

Note: 1. 2 CORPORATE SOCIAL RESPONSIBILTY EXPEN SES

The Company has constituted a CSR committee as required under Section 135 of the Act, together with relevant rules as prescribed in Companies (Corporate Social Responsibility Policy) Rules, 2014 (‘CSR rules’). During the year, based on these rules the amount was to be spent for CSR activities was Rs. 17.28 Lakh and Rs.15.81 Lakhs for F.Y: 2016-17, whereas the Company has spend an amount of Rs. 13.52 Lakhs and Rs.2.77 Lakhs for FY: 2017-18 and FY: 2016-17 respectively towards Corporate Social Responsibility. Management and CSR committee are in the process of finding better avenues of CSR Expenditure to be incurred in near future.

Note: 1.3 CONTINGENT LIABILITIES

The Company has given Bank Guarantees in favour of M/s. Harikrishna Steels Corporation, in which the Directors are interested for Working Capital Finance of Rs. 88.00 Cr. availed by them from Punjab National Bank, Bhavnagar Branch. The outstanding amounts of such finance availed by Harikrishna Steel Corporation as at 31.03.2018 is Rs.88.00 Cr.

Note: 1. 4 GRATUITY

The company has a defined benefit gratuity plan its employees. Under the gratuity plan, every employee who has completed at least five years of service gets a gratuity on departure at 15 days of last drawn salary for each employed year of service.

The company has made provision for gratuity payments for the year. The following tables summarize the components of net benefit expenses recognised in the statement of profit and loss, the funded status and amount recognised in the balance sheet.

Statement of Profit and Loss

Net employee benefit expenses recognised in the employee cost

Note: 1. 5 SEGMENT REPORTING

Segment Reporting: As the Company’s business activity primarily falls within a single business segment i.e. MS billets and MS TMT Bars, there are no additional disclosures to be provided under Accounting Standard 17-”Segment Reporting”. The management considers that the various goods and services provided by the Company constitutes single business segment, since the risk and rewards from these services are not different from one another.

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Mar 31, 2016

1. in the opinion of the Board of Directors, Current Assets, Loans & Advances have a value on realization at least equal to the amount at which they are stated in the balance Sheet. Adequate provision have been made in the accounts for all the known.

2. Previous year figures have been regrouped/rearranged wherever necessary so as to make them comparable with current year figures.

3. The balance of sundry creditors, sundry debtors, loans & advances are unsecured considered goods and are subject to confirmation.

4.. Additional Information as required

5. Details of Security:

6. Secured by an exclusive first charge by way of hypothecation of specific plant and machinery and all other specific movables, both present and future, purchased out of the lean and hypothecation of movables (save & except book debts) including movable plant and machinery, both present and future. Also by Equitable mortgage of Company''s immovable properties located at Nesada Taluka Sihor, Bhavnagar with ail buildings and structures and plant and machinery thereon on pari passu basis with loans and also by personal guarantee of Directors.

7. Long Term Finance from HDFC flank Limited Is secured by hypothecation Charge on two Trucks.

Term Loans of Rs. 33.50 Lacs Is Repayable in Equal Monthly installments Of Rs, 1,11,570/- including interest commencing from 12th January, 2013 and ending on December 2015. There is no overdue interest as at 31,03,2016.

8. Long Term Finance from I GO Ban k is Secured by hypothecation Charge On Car (Skoda). Term Loans of Rs. 22,90 Lacs is Repayable in Equal Monthly Installments Of Rs. 72,675/- including interest commencing from 2^nd January 2013 and ending on December, 2015. There is no overdue interest as at 31,03.2016

9. Long Term Finance from AXIS bank is Secured by Hypothecation Charge on LOADER. Term Loans of Rs. 30.00 Lacs is Repayable in Equal Monthly Installments Of Rs. 78,432/- including interest commencing from 20th February, 2014 and ending on December 2018. There is no overdue interest as at 31,03,2016

10. Long Term Finance from HDFC Bank and is Secured by Hypothecation Charge On ESCORT CRANE 14-T. Term Loans of Rs. 12.00 Lacs is Repayable in Equal Monthly Installments Of Rs. 31,250/- including interest commencing from 22nd May 2013 and ending on April, 2017. There is no overdue interest as at 31.03.2016

11. Long-term Finance from MAGMA FIN CORP LIMITED is Secured by Hypothecation Charge on LOADED BACKHOE,

Term Loans of Rs. 13.00 Lacs is Repayable In Equal Monthly installments Of Rs. 45,400/- including interest commencing from 1st December, 2013 and ending on October, 2017. There Is no overdue interest as at 31.03.2016

12. Long Term Finance from AXES BAN K is secured by Hypothecation charge on Crane Term Loans of Rs. 12.7S90 Lacs is Repayable In Equal Monthly Installments of Rs. 32,746/- including interest commencing from 5th June, 2014 and ending on May, 201S. There is no overdue interest as at 31.03.20IS

13. Long Term Finance from ICICI BANK is secured by Hypothecation Charge on Car (Mercedes Ben*},

Term Loans of RS- 6S.OO Lacs Is Repayable in Equal Monthly Installments of Rs. 1,37,000/- including interest commencing from 10th December, 2014 and ending on October, 2019- There is no overdue interest as at 31.03,2016

14. Long Term Finance from ICICI BANK is secured by Equitable Mortgage on Non - Residential Premises at Ahmedabad-

Term Loans of Rs. S9,07 Lacs is Repayable In Equal Monthly Installments of Rs. 87,329/- including interest. commencing from June, 2014 and ending on May, 2024. There is no overdue interest as at 31.03.2016

15. Long Term finance from Punjab National Bank is secured by hypothecation charge on Windmills and personal guarantee of Directors. The term loan of Rs, 3-15 Crores is repayable in 60 equal monthly installments of Rs, 5,25,000/-including interest. commencing from March, 2015 and ending on April, 2020. There is no overdue interest as at 31-03.2016