.-E r-. Abhishek Integrations Limited NOTICE TO THE MEMBERS NOTICE is hereby given that 4rH ANNUAL GENERAL MEETING of the Members of M/S. ABHISHEK INTEGRATIONS LIMITED (CrN: U74s9gcl2Dt7p|L1|ss749) wilJ be held on Monday, 31.t May, 2021 at 1ltOO a.m. at the Registered Office of the Company situated at Shop No- 8-Parulnagar Shopping Centre, Nr. Bhuyangdev Cross Road, Sola Road, Ghatlodia, Ahmedabad -380061, cu,arat, lndia, to tIansacr the following businessi ORDINARY BUSINISS: 1. To. receive, consider and adopt the Audited Financial Statement of the Company including Balance Sheet as at 31st March, 2021, Statement of profit and Loss and Cash Flow Statemeni for the year ended on that date together with the Directors,and the Auditors,Report thereon. 2. To appoint a Directo. in place of Mr. Narbada Bhujavan Dwivedi (DIN: 079t6027), who retires by rotation and being eligible offers himselffor re_appointment. I To lpprove the AppoiDtmeDt of Statutory Auditors lppointed on Casual Vacancy. To consider and if thoughl fit, to pass the following resolution. with or $ithout moditication. as an Ordinary Resolution. "RXSOLVED THAT pursuant to the provisions of Section 139 (g) of rhe Companies Acr. 2013 read with rhe Companies (Audit and Auditors) Rules,2di4 and other- applicable provisions, if any, (including any statutory modification(s), clarifications, exemptiorx or re- enaclments thereof for lhe time being in force) and upon recommendation of the audit Committee & Board of Directors, approval of the members be and is hereby given for the appointment of M/s. Gattani & Associates, Chartered Accountants (FRN: 103097W). as Statutory Arrditois of lhe Company, to fill the casual vacancy caused by the resignation of Mr. Harish Kumar Maheshwari, Chartered Accountanls " 4. AppointmcDtof Statutory Auditor To consider and ifthought fit, to pass the following resolution, with or without modification, as an Ordinary Resolution. crN - u749S9GJ2017P1C099749 'RESOLVED THAT pursuant to rhc provisions of Section 139, l4l, 142 and orher applicable provisions ofrhe Companies Act, 2013 read with rules made thereunder (includin any slatutory modification(s) or re-enact ment thereof lbr the time being in lbrce), and u p()n recommendation of thc Audit Committ ec and Board ol' Direclors, consent ()1'the members of the Company be and is hereby acco rded to appoint M/s. Gattani & Associates. Chartered Accountants (FRN: I03097W), as the Statutory Auditors of the Company to conduct the statutory audit for a period offiv e years commencing from the conclusion ofthis 04rh Annual General Meeting till the conclus ion of l0th Afflual Gencral Mccting ofthc Company at such remuneration and out-of-poc ket expenses, as may be mutually agreed with the Board oI Direclors." Rsg. Or.:Shop No.-8,Parulnage. Shopping Csnir6, Nr Bhuyangd€v Crclss Road, Sota Road, Ghatodia, Ahmsdabad,380o61 Ph.No.: 07927433369 Emait : [email protected]€g6rions.com Wsbsir6 : ww.abhish€kinr€grarions com
Transcript
.-E r-. Abhishek Integrations Limited
NOTICE TO THE MEMBERS
NOTICE is hereby given that 4rH ANNUAL GENERAL MEETING of the Members of M/S.ABHISHEK INTEGRATIONS LIMITED (CrN: U74s9gcl2Dt7p|L1|ss749) wilJ be held onMonday, 31.t May, 2021 at 1ltOO a.m. at the Registered Office of the Company situated atShop No- 8-Parulnagar Shopping Centre, Nr. Bhuyangdev Cross Road, Sola Road, Ghatlodia,Ahmedabad -380061, cu,arat, lndia, to tIansacr the following businessi
ORDINARY BUSINISS:
1. To. receive, consider and adopt the Audited Financial Statement of the Company includingBalance Sheet as at 31st March, 2021, Statement of profit and Loss and Cash Flow Statemenifor the year ended on that date together with the Directors,and the Auditors,Reportthereon.
2. To appoint a Directo. in place of Mr. Narbada Bhujavan Dwivedi (DIN: 079t6027), whoretires by rotation and being eligible offers himselffor re_appointment.
I To lpprove the AppoiDtmeDt of Statutory Auditors lppointed on Casual Vacancy.
To consider and if thoughl fit, to pass the following resolution. with or $ithout moditication. asan Ordinary Resolution.
"RXSOLVED THAT pursuant to the provisions of Section 139 (g) of rhe Companies Acr.2013 read with rhe Companies (Audit and Auditors) Rules,2di4 and other- applicableprovisions, if any, (including any statutory modification(s), clarifications, exemptiorx or re-enaclments thereof for lhe time being in force) and upon recommendation of the auditCommittee & Board of Directors, approval of the members be and is hereby given for theappointment of M/s. Gattani & Associates, Chartered Accountants (FRN: 103097W). asStatutory Arrditois of lhe Company, to fill the casual vacancy caused by the resignation ofMr. Harish Kumar Maheshwari, Chartered Accountanls "
4. AppointmcDtof Statutory Auditor
To consider and ifthought fit, to pass the following resolution, with or without modification, asan Ordinary Resolution.
crN - u749S9GJ2017P1C099749
'RESOLVED THAT pursuant to rhc provisions of Section 139, l4l, 142 and orherapplicable provisions ofrhe Companies Act, 2013 read with rules made thereunder (includinany slatutory modification(s) or re-enact ment thereof lbr the time being in lbrce), and up()nrecommendation of thc Audit Committec and Board ol' Direclors, consent ()1'the members ofthe Company be and is hereby accorded to appoint M/s. Gattani & Associates. CharteredAccountants (FRN: I03097W), as the Statutory Auditors of the Company to conduct thestatutory audit for a period offive years commencing from the conclusion ofthis 04rh AnnualGeneral Meeting till the conclus ion of l0th Afflual Gencral Mccting ofthc Company at suchremuneration and out-of-pocket expenses, as may be mutually agreed with the Board oIDireclors."
Rsg. Or.:Shop No.-8,Parulnage. Shopping Csnir6, Nr Bhuyangd€v Crclss Road, Sota Road, Ghatodia, Ahmsdabad,380o61
Ph.No.: 07927433369 Emait : [email protected]€g6rions.com Wsbsir6 : ww.abhish€kinr€grarions com
SPECIAL BUSINESS:
5. To appoltrt Ms. Rima Amitbhai Dalal (DIN: 09116659) as an Independent Director
To consider and if though fit, to pass the following resolution, with or without modification,as an Ordinary Resolution.
"RESoLVED THAT pursuant to the provisions ofsections 149 and 152 read with schedure rvanq orner applicabte provisions, if any, ofthe Companies Act, 2013 (..the ActJ and rheCompanies (Appointment and eualification. of Diiectors) Rules, iO!+ lin.traing ,nystatutory modification(s) or re-enactment(sl thereol for the time telng in force;, tUsinimaAmitbhai Dalal (DtN: .09116659), who wai appointed ,.
"n naOt-i-o'*i Director of rheLompany by the tsoard of Directors with effect from March 22,2OZ1and who holds officeuntil the date of the AGM, in terms of Section 161 of the C.;;il, A;t, 2013 and whoqualifies for being appointed as an rndependent oi.u"", i"il" ."rr"ct of whom thecompany has received a notice in writing under section roo-"r,'r," iii r.o,n a memberproposing her candidature for the office of Directot be and is hereby appointed as anlndependent Direcror ofrhe Company, not liaUte to ,etir" iy-rouilon-"iito t ota ofti." fo.
"period of 1 (One) year, i.e. up to M arch 21,2022."
6. To appoint Mr. Saniiy Dayatii Kukadia (DIN: 09116868) as an Indeperdent Director
To consider and if though fit, to pass the forowing resolution, with or without modification,as an Ordinary Resolution.
"RESOLVED THAT pursuant to the orovisions of Sections 149 and 152 read with Schedule lVand other applicabte provisions, if any, of rhe Companies a", iOrliih" Acf.J and thec-ompanies (Appointment and Quarification. "r oi,:".,*rf irrr".,--zo\l linctuaing unystatlrtory modification(sl or re-enactmentG) tfrereot for ifreiim"'i"irgln io..ul, t,tr. Sr"i"yDayalji Kukadia (DIN: 091168681. who was appoinred ". "" eaJiitr"i Direcror of rheCompany by the Board of Directois with effect from March 22,202t and who holds officeuntil the date of the AcM, in terms of section i;i ;i;; c;;;r';Jo".i, ,ur,
"na r,.lr,oqualifies for being appointed as an IndepenJent Di.u*;r-;il;';"i'"'.t ol whom theCompany has received a notice in wntlng under Secl.ion 160 of the Act from a memberproposing her candidature for the omce-of Director, b; ;;; i. i"i"uy'uppoin,"a u"
"nIndependent Director of the comneny, not tirul" to ."ti." if.Juiion'riir,i r,ota om." ro*period of I (One) year, i.e. up to tli arch 21,2022."
DatePlace
04/05/202"1Ahmedabad
By Order ofthe BoardI'OR ABHISHEK INTEGRATION LIMITT'D
SANJAY NARBADA DUBIYChairman
IDINr 02218614)
\
NOTES:
B)
A) A Member is entitled to attend and vote is entitled to appoint one or moreproxies to attend and vote instead of himself/herself. The insirument appoiniingalroxy shall be deposited at the Registered Office of the Company not iater ihan48 hours before the time fixed for holding the meeting.
A person can act as a proxy on behalfofmembers not exceeding fifty and holdingin the aggregate not more than ten percent of the total shire iapital of theLompany carrying voting rights. A member holding more than ten percent ofthetotal share capital of the Company carryin8 votin; rights ."y "pp"iri "
,irgf"person as proxy and such oerson shell not act as a proiy for any otih". person'o.shareholder.
The route map showing directions to reach the venue ofthe AGM is annexed
Abhishek Integrations limited
Pu6uant to the provisions of Section 16l(l) of the Companies Act.2013 and the Anicles ofAssociation ofthe Company, the Board has appointed Ms. Rima Amitbhai Dalal (DIN: 09116659) as.m Additional (lndependent) Director of the Company with efl'ect fro m March 22,2O2l to hold officefor a period of I (One) year, i.e. up to March 21,2022. ln terms ofthe provisions ofSection l6l (l )of the Act, Ms. Rima Amitbhai Dalal would hold office up ro the date of this Annual CeneralMeeting. Further, in accordance with the provisions ofsection 149 read with Schedule lV to the Act,appointment of ao lndependent Dirgctor requires approval of members by way of OrdinaryResolution.
Ms. Rima Amitbhai Dalal is not disqualified fiom being appointed as a Director in terms of secrion164 of the Act and has given her consent to act as a Director. The Company has received adeclaration from Ms. Rima Amitbhai Dalal that she meets the criteria of independence as prescribedunder sub-secrion (6) of Section 149 of the Acr. In the opinion of the Board, Ms. RimtAmitbhaiDalal fulfills the conditions for her appointment as an Independent Director as sp€cified in the Act.Ms. Rima Amitbhai Dalal is independent of the management and possesses appropriate skills,experience and knowledge
copy ofdraft letter ofappointment of Ms. Rima Amitbhai Daral setting out rhe terms and conditionsofappointment is available for inspection by the members at the registered office ofthe Company.
None of the Directors / Key Managerial personnel of the Company / their relatives are, in any wa],concemed or interested, financially or otherwise, in the resolution set out at Item No. 5 .fthe Notice
The Board recommends the Odinary Resolution set out at Item No. 5 ofthe Notice for approval bythe member
Item No. 6
clN - u74999GJ2017P1C09S749
EXPLANATORY STATEMENT(Pursuant to Section 102 ofthc Companies Act,20l-j)
Item No. 5
N,IT Sllr la)' Dayal l Kukad ta ls no1 disqual ficds lion 6l of thc and has hi scnt acl as it l) rector The Compamy has rece vcd an sdec laral from Mr Sanja Kukadia hat hc ntccts thc c ter I ndependence presc ll hed
Pursuant to the provisions of Section 16l(l) of the Companies Act. 2013 and the Articles ofAssociation ofthe Company, the Board has appointed Mr. Sanjay Dayalji Kukadia (DIN: 091 16g68)as an Additional (lndependent) Director of the Company with effeci from March 22, 2021 to holdoffice for_a period of I (One) year. i.e. up to March 21,2022. In terms ofthe provisions ofSection161(l).of the Act, Mr. Sanjay Dayalji Kukadia would hold office up to the date of this AnnualGeneral Meeting. Further, in accordance with the provisions ofSection 149 read with Schedule IV tothe Act, appointment of an Independent Director requires approval of members by way of OrdinaryResolution.
Ph.No.r079-27433369
f sv Dayalj
abhish€kintogrations com Wabsile wwabhishekinieg.arions.com
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Rsg. Off .: Shop No.€,Paruln
I9 of Board 1\4r SanjJ] I).1
, Nr. Bhuyangdev Cross Road, Sola Road, Ghabdia Ahm€dabad-380061
thc
from being appointed as a Director in terms of
Act. In the opinion of the
Kukadia tirlfills the conditions fbr her appointment as an Independent Director as specified in theAcl. Mr. Sanjay Dayalji Kukadia is independent ofthe management and possesses appropriate skills.experielce and knowledge
Copy of draft letter of appointment of Mr. Sanjay Dayalji Kukadia sefting out the lerms andconditions of appointment is availablc for inspection by the members at the registered office of theCompany.
None of the Directors / Key Managerial personnel of the Company / their relatives are, in any wa1.conccrned or interested, financially or otherwise. in the resolution set out at Item No. 6 of the Nolice
The Board recommends the Ordinary Resolution set out at Item No. 6 of the Notice tbr approval bythe mcmber
By Order ofthe BoardFOR ABHISHEK
DatePlace
o4/0s/202tAhmedabad
SANJAY NARBADA DUBEYChairman
(DtNt 0221A674)
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VeIlue ofAGM:Shop No. 8-ParulnagarShopping Centre,Nr. Bhuyangdev Cross Road, Sola Road,Ghatlodia, Ahmedabad -3800G1,Gujara! India
Your Directors have pleasure in presenting 04th Annual Report along with the audited accounts forthe Financial Year ended 31't March, 2021-
FINANCIAL RESULTS
The Company's financial performance, for the year ended March 31,t, 2021
Particulars 2020 2t 2079-20
Total Revenue 2 ,35 ,51 ,).06 73,00,910
Les5: Expen5es 2 ,19 ,99 ,1.22 63,38,394
Profit Eefore Tax 75,57,984 4,62,576Less: Current Tax 4,05,000 1,60,000
Deferred Tax (33,91s) 0
Profit forthe Year 11,86,899 3,O2,576
FINANCIAL PERFORMANCE
The net revenue from operations increased to Rs.235.57 lakhs as against Rs.73.01 lakhs in theprevious year showing a upward trend of 222.53%. The Company has earned profit before Tax
for the current year Rs. 15.58 lakhs as against the profit before ta! of Rs. 4.63 lakhs in theprevious year resulted into profit after tax of Rs.11.87 lakhs as compared to profit after tax ofprevious year Rs. 3.02 lakhs.
CHANGE IN NATURE OF BUSINESS
During the year, your Company has not changed its business or object and continues to be in the
same line of business as per main object ofthe company.
DIVIDEND
Considering the future prospects and business planning, the Board has decided to retain the
profit in the company; hence, the board has not recommended any dividend for the financial
No amount was transferred to the reserves during the financial year
SHARE CAPITAL
Authorized Share Capital
The present Authorised Capital of the Company is Rs. 3,50,00,000/- divided into 35,00,000 Equity
Shares of Rs. 10/- each.
During the year, the Authorised Capital increased from Rs. 22,00,000/ divided int 2,20,000
Equity Shares of Rs. 10/- each to Rs. 3,50,00,000/- divided into 35,00,000 Equity Shares of Rs.
10/ each.
lssued, subscribed & Paid-up Capital
The present lssued, subscribed and Paid up Capital of the Company is Rs. 2,02,07,850/- divided
into 20,20,785 Equity Shares of Rs. 10/- each.
The Company has issued and allotted shares during the financial year as under
1. 53,595 Equity Shares of Rs. 10/- each have been allotted at Rs. 13/- each (including
Premium of Rs. 3) on Right lssue basis on 07ti )anaary,2027.
2. 5,00,000 Equity Shares of Rs. 10/- each have been allotted at Rs. 50/- each (including
Premium of Rs. 40) on Right lssue basis on o5'hN.4arch, 2021
1. 73,41,I90 Equity Shares of Rs. 10/- each have been allotted as Bonus Shares on 24th
Match, 2027.
THE NAIVES OF COI\4PANIES WHICH HAVE BECOME OR CEASED TO BE ITS SUBSIDIARY, ]OINT
VENTURE OR ASSOCIATE COMPANIES DURING THE YEAR
The Company does not have any Subsidiary, .loint Venture or Associate Company
PARTICULARS OF EI,lPLOYEES
During the year under review, lnformation required under the section 197 of the Act read withrule 5 of iAppointment and Remuneration of Managerial Personnel) Rules, 2014, there is no
The oirectors state that applicable Secretarial standards have been duly followed by the
Company during the year.
SIGNIFIC}NT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALs
IMPACTING THE GOING CONCERN STATUS AND COMPANY'S OPERATIONS IN FUTURE
No significant and material orders passed by the regulators or courts or tribunals impacting thegoing concern status and company's operations in future during the year.
The Company is not required to maintain cost records as speclfied by the central government
under sub-sectlon (1) of section 148 of the companies act, 2013. Accordingly, such accounts and
records are not made and maintained by the Company.
ln accordance with provisions of the Act and the Articles of Association of the Company, Mr.Narbada Bhujavan Dwivedi (DlN: 07916027), Non Executive Director is liable to retire bV rotationand is eligible for re-appointment.
During the year, Mr. Sanjay Narbada Dubey (DlN:02218614) who was serving as Director in theCompany appointed as the Chairman and Managing Director w.e.f. 01d February, 2021. Mrs.Jyoti Sanjay Dubey (DlNi 07177325) who was serving as Director in the Company appointed as
the Whole-time Director of the Company w.e-f. 01c February,2O2l and Mr. Narbada BhujavanDwivedi (DlN: O79l5O27l appointed as Non-Executive Director of the Company w.e.f. 01{February,2027.
During the year, Ms. Hetal Karshanbhai Vaghela appointed as a Company Secretary andCompliance Officer of the Company w.e.f. 01,' March, 2021 and Mr. Ravindra MatvarsinSh Rawatappointed as Chief Finance Officer (CFO) of the Company w.e.f 01,' March, 2021.
Ms. Rima Amitbhai Dalal (DtN:09116659) and Mr. Sanjay Dayalji Kukadia (DtN: 09116868)appointed as an Additional (Non-Executive lndependent) Directors of the Company w.e.f. 22ndMarch, 2027, who shall hold office till the conclusion of the ensuing Annual General Meeting.The Company has received Notices proposing their candidature for appointment as Directors ofthe Company
SECRETARIAL STANDARDS
DISCLOSURE OF MAINTENANCE OF COST RECORDS
DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMP)
DISCLOSURE FROM INDEPENDENT DIRECTORS
All lndependent Directors of the Company have given declarations under Section 149(7) of the
Act, that they meet the criteria of independence as laid down under Section 149(6) ofthe Act.
REMUNERATION OF DI
The details of remuneration/sittinS fees paid during the financial year 2020-21 to Executive
Directors/ Non-Executive Directors of the Company is provided in Form MGT-g which s the part
of this report.
The Committees of the Board focus on certain specific areas and make anformed decisions in line
with the delegated authority.
The following Committees constituted by the Board function according to their respective roles
and defined scope:. Audit Committee. Nomination and Remuneration Committee. StakeholderRelationshipcommittee. Vigil Mechanism Committee
During the year under review, all recomrnendations made by the various cornmittees have been
accepted by the Board.
The Composition ofsaid Committees as under:
Audit Committee
An Audit Committee constituted in terms of Section 177 of the Companies Act, 2013 constitutingMr. Sanlay Dayalji Kukadia, Chairman, Rima Amit Dalal and Sanjay Narbada Dubey, Members,fully meets the requirements of Section 177 of the Companies Act, 2013.
Vigil Mechanism CommitteeVigil Mechanism Committee constituted in terms of sub-Section 9 of Section 177 of theCompanies Act,2013 constituting Mr. Sanjay Dayalji Kukadia, Chairman, Rima Amit Dalal and
Sanjay Narbada Dubey, Members, fully meets the requirements of Sub Section 9 of Section 177
of the Companies Act, 2013.
Nomination And Remuneration Committee
Nomination and Remuneration Committee constituted in terms of Section 178of the Companies
Act, 2013 constituting Mr. Sanjay Dayalji Kukad a, Chairman, Rima Amitbhai Dalal and Na.bada
COMMITTEES OF THE BOARD
Bhujavan Dubey, Members, fully meets the requirements of Section 178of the Companies Act,2013.
Stakeholders Relationship CommitteeA Stakeholders Relationship Committee constituted in terms of Section 178 of the CompaniesAct,2013 constituting Mr. Narbada Bhujavan Dubey, Chairman, Sanlay Narbada Dubey and Jyoti
Sanjay Dubey, Members, fully meets the requirements of Section 178of the Companies Act,
2073.
AUDITORS & AUDITORS' REPORT
At the 01'r Annual General Meeting held on 29th September, 2018, members of the companyhave approved the appointment of Mr. Harish Kumar Maheshwari, Chartered Accountants as theStatutory Auditor of the Company for a period of 5 years to hold office till the conclusion of the6th Annuai General MeetinB.
The Auditors'Audit Report does not contain any qualifications, reservations, adverse remarks ordis.laimers
he Auditors of the Company have not reported any fraud as specified under Section 143{12) ofthe Companies Act, 2013.
MEETINGS OF BOARD OF DIRECTORS
During the year under review, there were 10 (Ten) Board Meetings held. The prescribed quorum
was present for all the Meetings.
The intervening gap between two board meetings was within the period prescribed under theCompanles Act,2013 and the Secretarial Standard-1. The prescribed quorum was presented foralithe Meetings.
There were no loans, guarantees or investments made by your Company under the provisions ofSection 186 of the Companies Act, 2013 during the period under review.
The extract of Annual Return in Form No.N,4GT-9 as required under Section 92 of the Companies
Act, 2013 for the financial year ending March 31, 2021 is annexed hereto as Annexure A and
PARTICUTARS OF LOANS AND INVESTMENT
EXTRACT OF ANNUAL RETURN
forms part of this report.
Particulars of contracts or arrangements with related parties referred to in Section 188(1) of theCompanies Act, 2013, in the presc.ibed Form AOC-2 is annexed to this Report as Annexure - B.
CONSERVATION OF ENERGY, TECHNOLOGY RPTION AND FOREIGN EXCHANGE EARNINGS &OUTGO
a) Conservation of energy:Since the company does not carry on any manufacturing Activities, the provisionregardinB this disclosure ls not Applicable
b) Technology absorption:There is no specific area in which company has carried out any Research & Development.No technology has been imported as the companv does not carry on any manufacturingactivity
c) Forei8n exchange earninSs and Outgoi. Foreagn Exchange Earnings
ii. Foreign Exchange OutgoNIL
Nt
PREVENTION OF SEXUAL HARASSMENT AT WORKPTACE
Your Directors further state that during the year under review, there were no cases filedpursuant to the Sexual Harassment of Women at Workplace (Prevention, Prohibition and
Redressal)Act, 2013.
PUBLIC DEPOSIIS
The Company has not accepted any deposits from public during the year under review, and as
such, no amount of principal or interest on deposits from public was outstanding as on the date
of the balance sheet.
MATERIAL CHANGES AND COMMITMENTS
No material changes and commitments affecting the financial position of the Company occurred
between the end of the financial year to which this financial statement relates and the date of
this report
CONTRACTS AND ARRANGEMENTS WITH RELATED PARIIES
The Company is committed to provide a safe and conducive work environment to its employees.
During the year under review your company has taken reasonable measures to provide safeworking environment for all female workers.
a
INTERNAL FINANCIAL CONTROL5
The Company has adequate internal financial control with reference to the financial statements
CORPORATE SOCIAL ESPONSIBILIry (CSR)
The Company is not covered under class of Companies as specified under Section 135 of theCompanies Act, 2013; hence, reporting requirement pertaining to CSR Committee and CSR is notapplicable to our Company during the year under revtew.
Dt_8!etQ858t58QN51B]l]ry5BM4E!1
Pursuant to Section 134(3Xc) of the Companies Act, 2013 the Board of D rectors of the Companyconfirms that-
ln the preparation of the annual accounts for the year ended March 31, 2021, the applicable
accounting standards read with requirements set out under Schedule lll to the Act, have
been followed and there are no materialdepartures from the same.
b. The oirectors have selected such accounting policies and applied them consistently and
made judgments and estimates that are reasonable and prudent so as to give a true and fairview of the state of affairs of the Company as at March 31,2027 and of the profit of theCompany for the year ended on that date.
c. The Directors have taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Act for safeguarding the assets
of the Company and for preventing and detectlng fraud and other irregularities.
e. The Directors have devised proper systems to ensure compliance with the provisions of all
applicable laws and that such system are adequate and operating effectively.
GENERAL INFORMATION
The Company has entered into an A8reement and takeover the Business of M/s.
Abhishek Associates w.e.f. 01" March, 2021 as per the main object of the Company.
ln the Extra Ordinary General N,4eeting held on 31't March, 2021, approval of themembers have been obtained through Special Resolution for the lnitial Public Offer llPO)of the Company by Fresh lssue of Equity Shares.
d. The Directors have prepared the annual accounts on a 'going concern' basis.
ACKNOWLEDGM ENT
Your Directors would like to express their sincere appreciation for the assistance and co-
operation received from the banks, Government authorities, customers, vendors, members and
stakeholders during the year under review. Your Directors also wish to place on record theirdeep sense of appreciation for the committed services by the Company's executives, staff and
workerS.
For and on behalf ofthe BoardABHISHEK INTEGRATIONS LIMITED
Dated:05.04.2021
Place: Ahmedabad
SANJAY NARBADA DUBEY
Chairman
DIN:02218614
FORM NO. MGT-g
DfiRACT OF ANNUAL RETURN AS ON THE FINANCIALYEAR ENDEDON315r MARCH, 2021
{Pursuant to section 92(3)ofthe Companies Act, 2013 and rule 12(1)ofthe Companies(ManaSement and Administration) Rulet 20141
I. REGISTRATION AND OTHER DEIAITS
i CN u7 4999G]20n PLC099149Registaation Date rc/11./2011Name of the Company ABHISHEK INTEGRAIIONS LIMITED
V Category/ 5ub Category of theCompany
Company limited by Shares / lndian Non-GovernrnentCompany
Address & Contact Details Shop No. 8-Parulhasar Shoppjng Centre, Nr.Bhuyangdev Cross Road, Sola Road, Ghatlodia,Ahmedabad GJ 380061
V Whether Shares Listed No
V Details of Registrar and TransferAgent
Link lntime lndia A/t. Ltd,
C 101, 247 Park, L.B.5.Marg, Vikhroli (West), Murnbai-400083
II, PRINCIPAL BUSINESS ACTIVITIES OF TH E COM PANY:
All the buslness activities contributing 10% or more of the total turnover of the company shal
be statediSr. No. Name and description of main
products /services
NIC code of theproduct/service
% oftotalturnover of thecompany
1 Electrical installation 4321 100%
lll. PARIICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES: NIL
INo. of Companies for which info.mation is being fllledl
Sr Name and Address ofthe Company
crN/crN Holdin&/
subsidiary/
associate
%ofshares
held
Applicable
Section
VI. SHARE HOLDING PATTERN {EQUITY SHARE CAPITAL BREAKUP A5 % OF TOTAT EQUITY)
No.
NIL
(i) CateSory-wiseShareholding
Gte8ory ofShareholders
No. ofShares held atthe beSinning
ofthe yearNo. of Shares held at the end of the
%
Change
During
theyear
E
o6
x; E
6,6
F
Pus5
A. Promoters &
Promoters
Group
(1) lndian
a)ind vidua /HUF
b) Centra Govt
c)stare Govr(s)
d) Bod es Corp.
e) Banks / Fl
f) Any Other...
sub-total(A)(1)
(2) ForeiSn
a) NRls -
ndividuals
b) Other
lndividuals
c)Bodies Corp.
d) Banks / Fl
e) Any Other....
Sub-total (A) (2)
Total
shareholdingof
Promoter (A) =(A)(1)+(A)(2)
120000
120000
120000
120000
120000
120000
100
100
100
20201a5
2020145
202c7a5 2024745
2020785
2020785
100
100
100
B. Public
shareholding
l.lnstitutions:a) Mutual Funds
b)Banks/ Fl
c)CentralGovtd)state Govt(s)
e)Venture
Cap tal Funds
i)Others(specify)
SuFtotal(B)(1)
2. Non
lnstatutions:
a) Bodies Corp.
i) lndian
il)Overseas
b) lndividuals
)lndividualshareholders holding nominalshare
capital upto Rs.
l lakh
ir) lndividualSha
reholder
ho d ng nominal
share capital rn
excess of Rs 1
akh
c)
Others(specify)
sub-total(BX2)
Total Public
Shareholding
(B)lB)(1)+(8)(2)
C. Shares held
by Custodian forGDR5 &ADR5
Grand Total(A+B+C)
0 120000 120000 100 2020785 2020145 100 0
tii) Shareholdins of Promoters:
Sr.
No
Category ofShareholders
Shareholding at the beginning
of the year% changev"lShareholding at the end of the
No. ofshares
%oftotalShares
of thecompa
No. ofShares
% oftotalShares ofthe
company
tshares
Pledged
encumb
eredtototalshares
in
shareholdi
ng during
the year
1 Sanjay Narbada
Dubey
105100 87.58 1907610 94.40 6.42
2 lyotiSanjay Dubey 14000 11.67 110475 5.41 -6.20
3 Narbada Bhujavan
Dwivedi
150 0.13 450 0.02 -0.10
4
Narbadashankar
Dwivedi
150 0.13 450 0.02 -0.10
5 lla Dwivedi 150 0.13 454 0.02 -0.10
6 Sachchidanand
Radheshyam Dubey
150 0.13 450 0.42 0.10
1 Sumitra Dwivedi 150 0.13 450 0.02 0.10
8 Priyanka
Sachchrdanand
Dubey
150 450 0.02 010
liiil Chanse in Promoters'Shareholding tPlease soecifv. ifthere is No ChanEe)
2 Other Non-Executive Directors. Fee for attendlng
board/ comm tteemeetrngs
. Commiss on
. Others, piease specify
25,000 25,000
Tota (2) 2s,000 25,000
3 Total(B)={1+2) 25,000 25,000
Tota Managerial Remuneration
Overa I Ceiling as per the Act
')Desiqnotion chonged l@m Director to whole time Director w.e.l. O1't Februory,2o21
UNERATION R
C.REMUNERATI N KEY
5r. No Particulars of Remuneration
Key Managerial Personnel Tota
Ravindra
Matvarsingh
(cFor
Hetal
Karshanbhaa
Vaghela(cs)'
1 Gross salary(a) Salary as per provisions contained in
section 17(1) of the lncome-tax Act,1961(b) Value of perquisites u/s 17(2)lncome tax Act, 1961(c) P.ofits in lieu of salary unde. section17(3) lncome-tax Act, 1961
47,OO0 47,000
2 Stock Option3 Sweat Equity
Commission- as % of profit- Others, specify...
5 Others, please specify
Name of Directors
Particulars of Rem0neration
4.
Total 47,OOO 47,O00pointed as Chief Financial Officer w.e.f. 01., March, 2021
5Appointed as Company Secreteryw.e.f. O1't March,2O21and joined the Company w.e.f. O1', Aprit,2021
VI. EENA!I!6IP!JN5I1MEA' EOMPOUIIQIIGIEIEEENEEIIII\
Type Brief Description Details of Penalty/PunishmenVCompounding feesimposed
Authority IRD/NCLT / COURT]
Appealmade, ifany (give
Details)
A. COMPANY
Penalty
N]LPunishment
CompoundingB, DIRECTORS
Penalty
NLLPunishment
CompoundingC, OTHER OFFICERS IN DEFAULT
PenaltyNILPunishment
Compounding
For and on behalf oI the Eoard
AgHISHEK INTEGRATIONS LIMITED.
Dated: 05.04.2021
Place: Ahmedabad
DUBEY
Chairman
1a614
Section oftheCompaniesAct
Annexure I
FORM NO. AOC 2
(PuRuant to clause (h) of sub-section {3) of section 134 of the Act and Rule 8(2) of theCompanies (Accounts) Rules, 2014.
Form for Disclosure of particulars of contracts/arrangements entered into by the companywith related parties referred to in sub section (1) of section 188 of the Companies Act, 2013
includioB certaio arms length transaction under third proviso thereto.
1. Details of contracts or arranSements ortransactions not at Arm's len8th basis.
There were no contracts or arrangements or transactions entered in to by the Company
during the financial year ended on March 31, 2021, which were not at arm's length basis.
2. Details of contracts or arrangements ortransactions at Arm's length basis.
SN Particulars RPT,1
1 Name (s) ofthe related party & nature of
relationship
Abhishek Assoc ates
2 Nature of contracts/arrangements^ransaction sale and Purchas-"
HARISH KUMAR MAHESHIMARIC HARTER ED ACCOU NTA].,ITS
To,
The Members ofABH ISH EK INTEGRATIONS Lll\4lTED
Ahmedobod
l. Opinion
We hove oudited the occomINTEGRATIONS LIMITED ("the Com3lst Morch,2021, the Stotement ofthe yeor then ended, oncl o s
other explonotory informotion.
ln our opinion ond to ihe bestexplonotions given to us, the oforeinformotion required by the Comond give o true ond foir view i
generolly occepted in lndi,t, of the s
2021 , its profit ond cosh flornrs for the
2. Bosis for Opinion
We conducted our oudit irr occor,under section I 43 (10) of the ComStondords ore further described in Ifinonciol stotements section of ouroccordonce with the code ofAccountonts of lndio toge,ther wiihour oudit of the finonciol stotementhereunder, ond we hove fulfilledwith these requirements ond theevidence we hove obtoined is suffopinion.
ABHISHEK
tosolment fories ond
to thes give the
requiredprinciplesMorch 31,
specifiedthose
it of theny in
horlerednt to
the rules
ordoncethe ouditsis for our
were ofor. These
3. Key oudit motters
Key oudit motters oremost significonce in our
those moti
stondolone finonciol stotements'), which comprise the Bolonce
ofit ond Loss ond the Cosh Flow St
ry of the significont occounting
of our informotion onrl occordid stondolone finonciol siotemen
ies Act, 2013 ('Act') in the monnerconformity with the occounling
ote of offoirs of the Compony os oor ended on thot dote.
nce with ihe stondords on ouditiies Act, 2013. Our responsibilities
e ouditor's responsibiliiies for the ot. We ore independent of the C
thics issued by the lnslitute ofthe ethicol requirements thot oreunder the provisions of the Act
other ethicol responsibilities in
ode of ethics. We believe thott ond oppropriote to provide o
thot, in our professionol judginonciol stotements of ihe current
704, D-1, S
oudit of the
Slodium, Shohi Boug, Ahmedobod-
HARISH KUMAR MAHESH\,ll,ARICHARTERED ACCOUNTANTS
motters were oddressed inwhole, ond in forming ouropinion on these motters.
the context of our oudit ofopinion thereon, ond we
the finonciolstote nts os odo not provide seporote
The Compony's boord of directors is responsible for the preporotion o lhe otherinformotlon. The other informotion comprises the informotion includBoord's Repori including Annexures to Boord's Report, Business ReReport but does not include the finonciol stotements ond our oudithereon. Our opinion on the finonciol stotements does not cover
's reporlhe other
informotion ond we do not express ony form of ossuronce conclusion
The Compony's boord of directors ofe responsible for the motters sto in section,l34 (5) of the Act with respect to the preporolion of these finonciol stot ts thol
give o true ond foir view ol the finonciol position, finonciol performo ond coshgenerollyflows of the Compony in occordonce with the occounting princi
occepted in lndio, includinlg the occpunting stondords specified under tion .l33
ountingthe ossets
of the Compony ond for preventing ond detecling frouds ond other i orities;ments
tion ondoting
effectively for ensuring the occurfcy ond completeness of the counting
5.
ibility
totement, wheiher
ng theble,
bosis ofny or 1o
of the Act. This responsibility olso includes mointenonce of odequote orecords in occordonce with the provisions of the Act for sofeguording of
selection ond opplicotion ,cf oppropriote occounting policies; mokingond estimotes thot ore reo:ionoble ond prudent; ond design, implemenmointenonce of odequote internol finonciol controls, thot were
records, relevont to the preporotion ond presentotion of the finonciolthot give o true ond foir view ond ore free from moteriol misstotemendue to froud or error.
ln preporing the finonciol stotements, monogement is responsible for oCompony's obility to continue os o going concern, disclosing, os
motters reloted to going concern ond using the going concoccounting unless fl1oooerll'11ent either intends to liquidote the Comceose operotions. or hos no reolistic olternotive but to do so.
The boord of directors ore olso responsible for overseeing the (lompony'reporting process.
6. Auditor's responsibilities for lhe oudil of the finonciol stotemenis
finonciol
finonciolto froud
Our objectives ore to obtcrin reosonoble ossuronce obout whetherstoiements os o whole ore free from moteriol misstotennent, whetheror error, ond to issue on ouditors' report thot includes our opinion.
th
dR
704, D-1, Speclrum T Slodium, Shohi Boug, Ahmedobqd-
sonoble
HARISH KUMAR MAHESHI,VARIC HARTER ED ACCOU NTAI{TS
ossuronce is o high level of ossuconducted in occordonce withwhen it exists. Misstoteme,nts conmoteriol if, individuolly or in theinfluence the economic clecisionsstotements.
As port of on oudit in occordoond mointoin professionol :;keptici
ldentify ond ossess the ri
stotements, whetherr dueprocedures responsive to thsufficient ond oppropriote todetecting o moteriol misstotresuliing from error, os froomissions, misreprese:ntotions,
Obtoin on understonding ofdesign oudit proceclures thotsection 143(3)(i) of the Comexpressing our opinion onfinonciol controls system incontrols
Evoluote thereosonoblenessmonogement.
oppr,oprioteof occountin
Conclude on the crpproprioconcern bosis of occountingwhether o moteriol uncertoinmoy cost significont ,Joubt onconcern. lf we conclude thotto drow ottention in ourfinonciol stotements or, if sucopinion. Our conclusions orethe dote of our ouditors'couse the compony to ceose
Evoluote the overoll pres
stotements, including therepresent the underlying trofoir presentotion.
on ouditoiement
:onsideredpected to
finonciol
judgment
finoncioloudit
e thot is
risk of notfor one
tentionol
order toes. Under
sible forinternolof such
ond themode by
goingtoined,
s o goingrequired
odify ourup to
ions moy
finoncioltements
nce, but is noi o guoroniee thwill olwoys detect o moteriolse from froud or error ond ore
te, they could reosonobly beusers foken on the bosis of t
with SAs, we exercise profihroughout ihe oudit. We olso:
of moteriol misstotement of tfroud or error, design ond
risks, ond obtoin oudii eviderovide o bosis for our opinion. T
t resulting from froud is higher tmoy involve collusion, forgery,the override of iniernol control.
ternol control relevont to the ouditore oppropriote in the circumston
ies Act. 2013, we ore olso rether the Compony hos odequo
ce ond the operoting effective
of occounting policies usedestimotes ond reloted disclosures
of monogement's use ofnd, bosed on the oudit evidence
exists reloted to events or cohe Compony's obility to continue
moteriol uncertointy exists, we orreport io the reloted disc
disclosures ore inodequote, toed on the oudit evidence obtoi
. However, future events or condicontinue os o going concern.
, structure ond content of thesures, ond whether the finonciol s
ctions ond events in o monner lhot
Speclrum T e Slodium, Shohi Boug, Ahmedobod
chieves
motters, the plonned scop,s ond timing of the oudit ond significont ouincluding ony significont d=ficiencies in internol control thot we identify
HARISH KUMAR MAHESH\MARICHARTERED ACCOUNTAhITS
We communicote with those chorgpd with governonce regording, o
determine those motters thot were of most significonce in the oudit ofstotements of the current period ond ore therefore the key oudit
motters, the plonned scop,s ond tim I findings,internol control thot we identify during our
oudit.
We olso provide those chcrrged with governonce with o stotement t
From the motters comm,Jnicoted with those chorged with gover
2016 ("tsub-sec
in "Ann4 of the
ng other
we hove, ond to
noblyreloted
nce, wefinoncioliters. We
Order"),(ll)of
eA"o
notionsfor the
ve beenof lhose
osh flowbooks of
with thereod with
describe these motters in our oudiiors' report unless low or regulotion precludespublic disclosure obout the motter or when, in exiremely rore circumsidetermine thot o motter should nol be communicoted in our report be
CCS, WE
se theodverse consequences of doing so would reosonobly be expected tthe public interest benefits of such communicotion.
outweigh
7. Reporl on olher leqol on(l reoulolorv requirements
il.
i. As required by the Componies (Auditors' report) Order,issued by the Cenirol Government of lndio in terms ofsection 143 of the Componies Act, 2013, we givestotement on the mcrtters specified in porogrophs 3 ond
As required by Section 143(3) of the Act, we report thot:
(o) We hove sought ond obtoined ollwhich to the best of our knowledgepurposes of our oudit;
ln our opinion, proper books of occount os required by lowkept by the Con'rpony so for os it oppeors from our exominotibooks;
The bolonce sheet, ihe siotement of profit ond loss, ond lhestotement deolt with by this report ore in ogreement with thtoccount;
(d) ln our opinion, ihe oforesoid finonciol stotementsoccounting stonCords specified under section 133 ofrule 7 of the Componies (Accounts) Rules. 2014;
(b)
(c)
the informotion ond exond belief were nec
comthe Act,
complied with relevont ethlcol requirements regording independencommunicote with them oll relotionships ond other motters thot moybe thought to beor on our independence, ond where opplicoksofeguords.
704, D-1, Speclrum T, e Slodium, Shohi Boug, Ahmedobod-
HARISH KUMAR MAHESHI/VARICHARTERED ACCOUNTA}ITS
(e) On the bosis of the writtenon Morch 31, 2021 tokenthe directors is clisquolifios o director in terms of
(f) With respect to thefinonciol reportirrg of thesuch controls, refer toexpresses on unmodeffectiveness of the Creporting;
(g) With respect to the otheroccordonce with the reomended, in our opiniooccording to the e,
ony remunerotion to itprovisions of section 197 o
(h) With respect to tlre otheroccordonce with Rule 1l20l4,in our opinion ondlhe explonotions; given to
i. The Compony doesimpoct its fincrnciol
ii. The Compony didderivotive controcts flosses.
iii. There ore no suchlnvestor Educr:tion ond
For, Horish Kumor MoheshvvoriChortered Accountonts
Horish Kumor MoheshworiProprietor
Membership Number 7 41 13i
AhmedobodApril5, 2021
U DIN: 21 07 41 I 3AAAABD7898
irectors os
, none ofpointed
overness ofreport
operotingfinonciol
report inAct, os
tion ondnot poid
e, the
report in
s) Rules.ording to
including
representotions received from theon record by the boord of direcos on Morch 31, 2O2l from beingtion 164 (2) of the Act;
uocy of lhe internol finonciol cmpony ond the operoting eff
seporote report in "Annexure B".opinion on the odequocy ondny's internol finonciol controls
otters to be included in the Audiirements of section 197(16) ot tond to the best of our info
tions given to us, the Componydirectors during the yeor, ther
the Act does not opply; ond
tters to be included in the Auditof lhe Componies (Audit ond Audithe best of our informotion ond o
t hove ony pending litigotions w
t hove ony long-term controclswhich there were ony moteriol f
unis which required to be tronsfProtection Fund by the Compony.
ossets of themonogemeni duringnoticed on such verific
According to the in
Compony does not h
provisions of clouse (i)(
2. According to the informolionthe Compony hos been pyeor. ln our opirrion, fr
According to the infdiscreponcies were noticed o
3. According to the informolihos not gronted ony loons,limited liobility portnerships
mointoined under serction l89provisions of clouse (iii) of thehence not commented upon.
According to the informothod not given ony loon. gduring the yeor. Hence theopplicoble. Therefone clouse (
5. During the yeor, the Compohence the directive:; issued
of sections 73 to 76 or ony ot2013, ond the rules fromedWe ore informed tl^rot noBoord (CLB) or the NotiReserve Bonk of lndi<r or ony
Att
1. iculors,
the fixedby they were
to us,
ingly, the
lory ofing the
sonoble.moteriol
s, firms,
registeringly, the
ny ond
omponynts
ore not
ts ondprovisions
nies Act,ny.
ny LowT) or the
(b)
(c)
4.
ed proper records showing fulletoils ond situotion of fixed ossets.
n ond explonotions given tohos been physicolly verifi
yeor ond no moteriol discre
otion ond explonotions givony immovoble property. Accor
) of the order ore not opplicoble.
explonotions given to us, the I
olly verified by the monogementuency of such verificotion is r
ond explonotions given to us , n
such verificotion.
ond explonotions give to us, thesecured or unsecured to compoor other porties covered in t
of the Componies Act, 2013.order is not opplicoble to the C
ond explonotion given to us, thetee or security, nor mode ony i
provisions of section lB5 ond I
v) of is not opplicoble.
hos not occepted ony public dthe Reserve Bonk of lndio ond t
relevont provisions of theunder ore not opplicoble to thehos been possed by the C
Compony Low Tribuncrl (the NC
t or ony other lribunol.
ffi704, D-1, Speclrum Towers, Opp. e Slodium, Shohi Boug, Ahmedqbqd
7.
HARISH KUMAR MAHESHIVARICHARTERED ACCOUNTATITS
According to the informotioncosf records os per the proviRules, 2014 ore not opplicopplicoble.
(o) According to the infCompony is generoouthorities urrdispuleEmployees' Stote lnsurof Custom, Duiy of Exc
Cess ond ony other sto
According to the in
undisputed omountsEmployees' Stote I
Service Tox, Goods oVolue Added Tox, Cperiod of morepoyoble.
(c) According to the inforCompony, there ore I
Service Tox or Duty ofGoods ond Service T
occount of di:;pute.
8. Bosed on our oudit procedexplonolion given to us,
lnstitutions or Bonks. Accordin
9. Bosed upon the oudit prexplonotions given by lhe mby woy of initiol public ofinstruments) or term loons oOrder is not opplicob,le to the
Bosed upon the oudit procexplonotions given by lhe mCompony or on tht= Cnoticed or reporied cluring the
ln our opinion ond occordingthe Compony hos p,rid m
once ofd Audit)(vi) is not
us, thee
nt Fund,
Tox, Dutyice Tox,
o us, not Fund,
eolth-Tox,of Excise,
I forobecome
by theh Tox or
Tox,
ited on
tion ondFinonciol
tion ondmoney
ing debtix) of the
tion ondd by the
been
to us,
(b)
10.
d explonotions given to us, moinions of Componies (Cost Recordsto the Compony. Therefore
ion ond explonotions givenregulor in depositing with o
stotutory dues including provid
nce. Income Tox, Soles Tox, Servi, Volue Added Tox, Goods ondtory dues.
motion ond explonotions givenin respect of provi
e, lncome-Tox. Soles Tox,Service Tox, Duty of Custom, Dut
wos outstonding os of 3lst Morch.six months from the dote the
tion ond explonotions given todues of lncome Tox, Soles Tox, W
ustoms or Duty of Excise or Volue Aor Cess which hove not been
e ond occording to the informny hos not token ony loon fro
ly, clouse (viii) is not opplicoble.
ures performed ond the inforogement, Compony hos not r
or further pulclic olfer (inclhence reporting under clouse 3
ompony..
s performed ond the infogement, we report lhot no
by its officers or employees
the informotion & explonotions g
I remunerotion in occordonc
ffi'6'<d
11.
704, D-l, Speclrum T e Slodium, Shohi Boug,
with the
L2.
HARISH KUMAR MAHESHIVARICHARTER ED ACCOU NTAI\ITS
requisite opprovols mondotschedule V of the Act.
by the provisions of section 197 reod with
ln our opinion, the Compoprovisions of clouse 'xii) is not
is not o Nidhi Compony.pplicoble.
13. ln our opinion, oll tronsoc with the reloted porties ore in c mplioncewiih section 177 ond ]88 of Componies Act, 20.l3 ond the toils hovebeen disclosed in the Finooccounting siondords.
Stotemenis os required by the oble
Bosed upon the ouditexplonotions given bymode during the yeorComponies Act, 201.3.
ement preferentiol ollotment of shoresore i complionce with Section 42 &
Bosed upon the oudit proc es performed ond the in
proc ures performed ond the i tion ondthe
2 of the
explonotions given lcy theinto ony non-cosh tronsochim. Accordingly, ther provi
ln our opinion, the Compony45 lA of the Reserve Bonk of I
clouse (xvi) is not opplicoble.
nogement, the Compcrny hoswith directors or persons con
of clouse (xv) is not opplicoble.
tion ondenteredted with
15. not required to be registered un seclionAct, 1934. Accordingly, the pr of
For, Horish Kumor Moheshw,oriChorlered Accounlonls
We hove oudited the iniernol nciol conirols over finonciol ting ofABHISHEK INTEGRATTONS Ltr\,ltTED os oof the stondolone finonciol stotemethot dote.
Morch 31,2021 in conjunction with ur ouditts of the Compony for the yeor don
The Compony's monogenlent is r ble for estoblishing ond m toininginternol finonciol controls bosed on the internol control over finonciol reportingcriterio estoblished by the Compointernol control stoted in the, Guidon
considering the essentiol cNote on Audit of lnternol Fino
nenis ofControlsof lndio.
over Finonciol Reporting issued by i lnstitute of Chortered AccountonThese responsibilities include the n, implemenlotion ond mointe nce ofodequote internol finonciol controlsthe orderly ond efficient conduct
I were operoting effeciively ensuringof its business, including od nce ioCompony's policies, lhe sofeguord of its ossets, lhe prevention ond tion
of frouds ond errors, the oc,:urocy o completeness of the occount records,ond the timely preporotion cf relioComponies Act,20l3.
finonciol informotion, os required der the
Auditors' Responsibilitv
Our responsibility is lo expr3ss on on the Compony's internol nciol
Finonciol Reporting (the,,Guidonce ") ond the Stondords on Audi issuedby lCAl ond deemed to be under section 143(t0) of the C
controls over finonciol reporting boseoccordonce with the Guidonce Note
Act, 2013, to the exieni oppticobteopplicoble io on oudit of lnternol
on our oudit. We conducted oudit inon Audit of lnternol Finonciol Con Over
on oudit of iniernol finonciol contr ls, boihby theidonce
nonciol Controls ond. both isslnstitute of Chortered Accountonts of lndio. Those Stondords ond theNote require thot we comply with et requirements ond plon ond ormihe oudit to obtoin reosonoble os once obout whether odequot internolfinonciol conirols over finonciol r wos estoblished ond moinioisuch controls operoted effectively in ol moteriol respects.
our oudit invorves perforrning procedures to obtoin oudit evidence oui theodequocy of the internol finonciol controls system over finonciol retheir operoting effectivene,ss. our oudit of internol finoncior controls o
ting ondfinonciol
reporting ond the preporction of finoncior stotements for externor sin
reporting inclucjed obtoinirrg on understonding of internor finoncior cofinonciol reporting, ossessing the risk thot o moteriol weokness exists, oond evoluoting the design ond operoting effectiveness of internol conon the ossessed risk. The procedures serected depend on the ouditor,s jincluding the ossessment of the risks of moterior misstotement of tstotements, whether due to froud or error.
finonciol control over finonciol reporting moy become inodequotechonges in conditions, or thot the degree of complionce with theprocedures moy deteriorote.
obtoined is su ent ondon the Compony internol
A compony's internol fincrnciol control over finonciol reporiing is cdesigned to provide reosonobre ossuronce regording the reliobility of
occordonce with generoily occepted occounting principres. A c(internol finoncior contror over finoncior reporting inctudes those pori
detoil, occurotely ond foirly reflect the tronsoctions ond dispositions of 1of the compony; (2) provide reosonobre ossuronce thot tronsoct
occordonce with generoily occepted occounting principres, ond thotond expenditures of the compony ore being mode onry in occwith outhorizotions of monogement ond directors of ihe compony;provide reosonoble ossuronce regording prevention or timely deteunouthorized ocquisition. use, or disposition of the compony,s ossets th
lnherent Limitotions of lntern<
Becouse of the inherent linritotions of internol finonciol controls overreporting, including the possibility of collusion or improper monogemenlof controls, moteriol misstotements due to error or froud moy occur oncdetected. Also, projections of ony evoluotion of the internol finonciol coni s over
trols overtestingbosedment,
finonciol
process
finonciol
Y,S
ond
ossets
ore
receiptsonce
(3)
tion oft could
nonciol
'verridenot be
se of
procedures thoi (1) pertoin to the moinienonce of records thot, in r sonoble
recorded os necessory io permit preporotion of finonciol stote nts in
finonciol reporiing to future periods ore subject to the risk thot the internol
HARISH K MAHESHWARIc ACCOUNTANITS
Opinion
ln ourfinonciolcontrolsbosed onComponyGuidonceissued by t
For, Horish
Chortered
April5,UDIN:21
internol
finonciol31 , 2019,
by thein the
ing
ihe Compony hos,
trols system over finofinonciol reportinginternol control over
considering the essentiolNote on Audit of lnt
lnstitute of Chortered
Number 74113
I I3AAAABD789iB
oll moteriol respects, on odequoiol reporting ond such internol
[3] Non-Current liqbililies[o] Long Term Borrowings[b] Deferred Tox Liobilities (Net)[c] Other Long Term Liobilities[c] Long Term Provisions
[4] Current liobilities[o] Short Term Borrowings[b] Trode Poyobles
Dues of MSMEDues of Others
[c] Other Current Liobilities[d] Short Term Provisions
I To'
lAssErsl1t1 ruon-Cunent Assets
l[o) erooertv, Plont ond Equipmentsl(i) Tongible Assets
| (ii) tntonsibte essets
l1O1 f.ron Current lnvestments
llcl OeterreO Tox Assets (Nei)l(d) Long Term Loons ond Advonces(e) Other Non-Current Assets
l2l Current Assels(o) Current lnvestments lnvestments(b) lnventories(c) Short Term Loons ond Advoncers(d) Trode Receivqbles(e) Cosh & Bonk Bolonces(f) Other Cunent Assets
TolSignificont Accounting Policies on,JNotes to the FinonciolStotements
E l .....
rnl
lol .....
I lo 23
I
2
5
6
7
9
4
t0il
12
t013
14la
3
85
2 02 07 8508l 9l 956
r200000316172
2 83 99 806 15 t6 172
r2 08_161
2 45 346 I ts lzzr4 s3 507 1 39 122
r 83 30932 92 18728 94 090
726
5 05 4884 76 170
49463 70 312 1082152
3 62 23 625 27 44637
33 9]567 58 632
7 70 000
19 24 043
6 57 770
94 86 590 6 57 770
56 93 53346 42 915
I 38 70 71625 19 826
10045
r 45 554
4 00 8431533279
2 67 37 035 2079 6763 62 23 625 27 37 446
Proprielor
M.No.74l l3AhmedobqdApril 5, 2021
UDIN: 2l 0741 I 3AAAABD7898
As per our reporl of even dole qtlorched herera
tor. Horish Kumor MoheshworiChorlered Accounlqnls
al i
H o ri5ha-u m q r Mo h es hw o ri
rith For, ABHISHEK |NTEGRAT|
Direclor
Rovindro M Rowql
Chief Finonce Officer
h'\'\h'$t\'lHelol K VogheloCompony Secrelory
@Sor
MonoD
)+.t
Whole'
Sonioy D Kukodio
NS TIMITED
__L
ry N Dubeyng Direclorl:02218614
^\sfurti S Dubeyne Directorl: 07177326
rmedobodpril 5,2021
(ffiFN*#\ttr,EFg/
ABHISHE
PROFII & LOSS F
( INTEGRATIONS LIMITED
)R THE YEAR ENDED 31/03/2021
Porticulors Note No.Curren
End
3l /03
Yeorrd on'2021
Previous YeorEnded on
3t 103/2020INCOME
Revenue from OperotionsLess: GST
Other lncomeTotol Revenue
EXPENDITURES
Project ExpensesChonge in Work ln ProgressEmployees' Benefit ExpensesFinonce CostDepreciotionOther Expenses
Totol Expenses
Profit before ToxLess : Provision for Toxotion
Current ToxDeferred Tox
Profit for the yeor
Bosic & Diluted Eornings Per Shore of Rs. lO/-
Sig;nificont Accounting Policies onclNotes to the Finonciol Stotements
eoch
t6
l7
iBt92021
Ia1
I to 23
276 i(408
t 9377e4)
) 063
85 85 6s0( 13 0e 676)
24 9962 35: 106 7300970
3t359 1
I ',t5 3
272093
t 205I 554) 373l r78l 5017 3',ll
7 91 832
57 s3 B4s
zgzTtt2't9 9 122 68 38 394
t5 5
40(3i
'?44
i 000e1 5)
4 62 576
r 50 000
l8 899 3 02 576
).78 0.21
As per our reporl of even dote otto,ched hereFor, Horish Kumor MoheshworiChorlered Accountonts
Proprietor
M.No.741'13
AhmedobodApril5,2021UDIN: 21 0741 1 3AAAABD7898
ffi"- -
with FoT. ABHISHEK
Direclor
DIN: 0e1fr6868
N*/>Rovindro M Rowot
Chief Finonce Officer
hXvuSl^d*Hetol K Voghelo
Compony Secretory
Sofijoy D Kukodio
.EGRATIONS LIMITED
Sonjoy N Dubey
Monoging Director
DIN:022'18614
'-t:M
JyotiS Dubey
Whole Time Direclor
DIN: 07'177326
AhmedobodApril5,2021
i,NYtE
#
ffitu$\l3eEE2
CASH FI.OW STATEMENT
INTEGRATIONS I.IMITED
R THE PERIOD ENDED 3IST MARCH,2O2l
Pqrliculors 2020- 21 2019- 20(Amount in Rupees) (Am unt in Rupees)
A:
B:
C:
(
I
Cqsh rrom Operoting AclivitiesNet Profit before Toxotion
on Sole of Fixed Asselsterest Receivedieresi Poid
ting Profit Before Working Copitol Chonges :
Adjustmenl For:Increose/(Decreose) in Shorl-Term Borrowingslncreose/(Decreose) in Short-Ierm provir;ions
lncreose/(Decreose) in Other Cureni Liobitiliesncreose/(Decreose) in Trode poyoblesDecreose/(lncreose) in Trode ReceivoblesDecreose/{lncreose) in lnventoriesDecreose/(lncreose) in Short Term Loon:r ond Advonc,Decreose/(lncreose) in Other Currenl AssetsCosh Generoted From OperotionsIncome Tox Poid
Nel Cosh From Operoling Aclivities (A)
Cosh Flow From lnvestment Activilies :
Purchose of Fixed Assets
Sole of Fixed Assets
lnterest ReceivedDecreose/(lncreose) in Other Non Currert AssetsnveslmenlsNel Cosh from lnvestment Aclivilies (B)
Cosh Flow From Finoncing Aclivilies :
)roceeos From Long Term Borrowings?epoyment of Long Term Borrowingsncreose/(Decreose) in Long-Term provisions
)ecreose/(lncreose) in Long Term Loons ond Advonce)roceeds from Shore Copitol & Shore premium
nterest Poid
)ividend Poidrlet Cosh from Finoncing Activities (C )
{ef lncreose in Cosh & Cosh Equivolenlslosh & Cosh Equivolents ot ihe Beginninglosh & Cosh Equivolents ot the End
r5 57 984
2 03 501
( r0 063)
2 78 178
23224 17 920
28 70 008(r s4 6e 873)( 5s 47 e7ill(46 42ilqll
( lo 045)l
2029 600
4625i
4 62 576
9 22975r 60 000
49
6 42852 1582r 9385
( r 300sc
(21 27 s44)
10 063
( 7 70 000)
r 83 82 652)
4 05 000
1 67 s8 O52) 1225 551
r5 00 000
( 2 91 839)
1 06 224( 61 00 862)
2 56 96 735( 2 78 178)
(2887 481
139,122.O0
( 6 06 sr2l
2 06 32 08a | 4 67 39Ol
I 86 547
15 33 279
25 19 826
7s8 r61
7 75 1)8
15 33 279
As per our reporl ol even dole otloched herewiihtor, Horish Kumor MoheshworiChorlered Accounlonts
ProprieiorM.No.74l l3AhmedobodApril 5, 2021
UDIN: 2l 0741 I 3AAAABD7898
,dff["].
Horish KImor Moheshwori
FoT, ABHISHEK INTE
4Sonjoy D KukodioDireclor
.s#,Chief Finonce Officer
H,\r.vq3\"e\"Hetol K VogheloCompony Secretory
;RATIONS LIMITED)=Y-V''
Sonjoy N Dubeytonoging Direclor
DIN:022186'14
fi,^ytJyoti S Dubey
role Time DireclorDIN: 071 77326
AhmedobodApril 5,2021
'ilr)danaf t'.
:
NOIES TO THE FINANCIAT STATEMENTS
INTEGRATIONS LIMITED
Sr.
No.Porliculors As At 3l/03/2
Rup
21 As At 3l /03/2020Rupees
I
1.1
1.2
1.3
\.4
Shore Copiiol
lol Authorised :
35,00.000 (P.Y. ,|,20.000)
Equity Shores ot por votuelbl lssued. Subscribed & Poid-uo20,20,785 {P.Y. 1.20,000) Equily Shores ot por votue
>f Rs. lO/- eoch
f Rs. l0/- eoch fully poid up
35000 00 r200000
20207 r200000lotol ...
202 07 r200000
The compony hos only one closs of shores referreShore is entitled to I vole per shore.
In'lhe event of liquidotion of lhe Compony, the hol(the compony , ofler dislribulion of olt preferentiol cheld by the shoreholder.
Shoreholders holding more thon 5% shores in lhe Cc
Ito os Equiiy Shores hoving foce volue of Rs. l0/-.
ers of Equity shores will be enlilled to receive ony ofnounts. The dislribulion will be in proportion io the n
npony ore os under:
:och Holder of Equily
te remoining ossels ofmber of Equity shores
Nome of Shoreholder As At 31 /03/2021 AsA 31 /03/2020No. of Shqres No. of Shc es
Sonjoy N. Dubey l9 07 610 94.40 105 )0 87.5€Jyoti S. Dubey 'l l0 475 5.41 t4 l).61The reconciliotion of the number of shores oulslondi rg ond ihe omount of shore copilol is set oul below :
Porticulors As At 3l103/2021 As A' 3) 103/2020tqulfy 5hores
Shores ot the beginningAddiiion: Shores issued during the yecrAddition: Bonus Shores issued during the yeorDelelion
No. of Shore: Rupee! No. of Shc Rupees
1 20 00c
5 53 595
1,347,190
l2 00 00c
55 35 950
13,471,900
120 r200000
Shores ot lhe end 20 20 785 2 02 07 850 120 r2000002 Reserves & Surplus
Porliculors As At 3l /03/21Rup(
ll-rs
As At 31 103/202CRupee:
Generol Reserve
Bolonce os per losl yeor Bolonce She{}lAdd: Tronsfer from Slotemenl of Profil & Loss
Shore Premium
Bolonce os per losl yeor Bolonce Sher:tAdd: Addition during the yeor
Less:Utilised during the yeor
Surplus in lhe Stolement of Profit ond t,css
Bolonce os per losl finonciol SlolemenlAdd : Profit for lhe yeorToiol
Less : Appropriolions during the yeorTronsfer to Generol Reserve
Proposed DividendTox on Proposed DividendNet Surplus
Tolol
2 0r 60;
13,471,9 0
6,688,8
316l'l 186 I
r3 596
302576l5 03 ( ,|
3 t6 172
l5 03 ( I 3 t6 172
8r 9l 3 16 172
ffi ffi
=q.-rrl
N
,il;JU
q0(
INTEGRATIONS LIMITED
3 .ong Term Borrowings As ot 3l/03/202'l Aso 31 10312020
3.1 Vehicle Loon is repoyoble in 84 monthly inslolmenls
4 Detlered Tox [iobilities/Assets (Nel) As At 3l /03/21Rupr
ll As Al 3l103/202(Rupees
Deferred Tox Liobilities orising oul of tirning differencDifference of Deprecioiion os per Tox Provision ondDelerred Tox Assets orising out of limirrrg difference r,
Disollowonce of Expenses
reloting to :
)ompony Lowloling to :
30(
( 6s9
,4
totol Deferred Tox Liqbilifies/(Assets) ( 33e
5 tong & Shorl Term ProvisionsAs ol 31 /03/2021 As o' )1 10312020
Non Currenl Currenl Non Currr Curren'tGrotuily Provision 2 45 346 726 r39 494
Tolol.... 2 45 344 726 139 494
6 Shorl Term Borrowingsurrent
As ot 3l/03/2(Rup(
As o1 3l/03/202(Rupeel
Working copilol loons from bonksLoon from Direclorsotol .
7
7.1
trode Poyobles
urrenl
As ot 3l/03/2(Rup(
rl
)s
Asol 3t1031202C
Rupees
Dues of MSME
)ues of Othersr833
32921 6 05 488olol ..... 34754 6 05 488
There is no principol ond inlerest overcjue to MSME.'idenlified on the bosis of informolion ovoiloble with I
ris informotion hos been delermined to the extenl su
e Compony.ih porties hove been
I Clher Current tiobilitiesurrenl
As ot 3ll03/2(Rup€
I As ol 3l/03/2020Rupees
GST Poyoble
Cunenl Molurilies of Long lerm Debts
lnleresl Accrued & Due on Borrowings
lnterest Accrued & Not Due on BorrowingsPF PoyobleProvision for Toxotion
ESIC PoyobleProf essionol Tox PoyobleTDS Poyoble
1723
8017 7595650287 3
89763
0
7
0
205 705
98 720
1 50 000
1t 745olol ..... 28940 476 17C
ffi rerry
wNIE
ry
ABHISHE INTEGRATIONS LIMITED
l0
ll
loons & Advonces As or 3t /03/2021 Aso 31 103/2020Non Current Currenl Non Curr nl Cunent
Olher Deposit
GST Receivobles
Advonce To Suppliers & ControctorsAdvonces Recoveroble in cosh or in kindTDS Receivobles
63 8t 024
3 77 608
| ,87 5,062
437,206
12 97 092
5 06 62s
5 26 930
607
50
ltc
ioc16340
il 000
1 1821467 58 632 4642915 657 I 45 554
Olher Non-Current AssetsNo -Currenl
As ot 3ll03/2(Rup(
As al 3l/03/202(Rupee:
Fixed Deposiis Agoinst Regiskolion7 70( )0
otol .
7 70C
12
A
B.
lnvenlories
Work In Progress
Projecl Moleriols
Jrrenl
As ol 3ll03/20Rupe
As ot 3l/03/2020Rupees
472559679lolol ...
56935
l3Trode Receivobles(Unsecured. considered good)
'trrentAs ol 3l103/20
RupeAs ot 31/03/202(
Rupee:Book Debls
1 38707 4 00 843
4 00 843r 3870714
A.
B.
As ol 31 /0312021 As ot 1 103/2020Non Current Currenr Non Curre Cunent
Cosh on HondBolonCe With Bonks
Tolol .....
Other Bonk BoloncesFixed Deposits ogoinsl EMD
Fixed Deposits ogoinst SD
Fixed Deposits ogoinst RegistrolionTolol.....
less: Disclosed under Other Non Currerrl AssetsTotol .....Tolol.....
22 905
2',1 51 34917
l5 r5 544
7 70 000
21 74 254
r 19 900
225 672
1533279
7 70 000
7 70 0003 45 572
3 45 57225 19 826 15 33 279
l5 Clher Current Assetsc rrenl
Asot 31/03/202Rupee
Asol 31/O31202C
Rupeeslnterest Receivoble
r0 04Toiol .
r0 04
#*\r\w
losh ond Bonk Bolonces
Sr.
No.Porliculors
For ihe Yeor endedon 31/03/2021
Rupees
For the Yeor endedon 31/0312020
Rupees16 Revenue From Operotions
ontrocts Revenue 27,634,837 8,585,650Iolol .
27,634,837 8,s8s,650
17 Other lncome
Porliculors As At 31/03/2021Rupees
As At 3l 103/2020Rupees
lnlerest Received on FD 10,063 24,99 6
Tolol ..... 'r0,06324,?96
t8
lB. t
Projecl Expenses
Porliculors As At 31/03/2021Rupees
As At 3l/03/2020Rupees
Work Execution Expenses
Site ExpensesOpening Stock
Add : Purchoses
Less: Closing StockRow Moleriol consumedTotol
2,960,121
15,000
1,128,034
434,55625,350
331,926
1,128,034
967,950
331,926
'r60,084 331,9263,r35.20s 791,832
uetotts ot Rqw MoleriolConsumplion For the yeor ended 3'l /03/2021 For ihe yeor ended 31 /03/2020
Rupees 7o oge Rupees %ogelndigenouslmporled
r 60 084 100 331 926 r00
Ioiol Consumplion 'r 60 0841 't003 3t 92( r00
19 Chonge in Work in Progrel;s
Porticulors As At 31/03/2021Rupees
As Al3l 103/2020Rupees
Opening WIP
Add: Purchose of WIP
Less: Closing WIP
10,640,137
10,640,137
4,725,583otol . 5,?14,554
20 Employees' Benef il Expen:;es
Porliculqrs As At 31/03/2021Rupees
As A1 3l i03l2020Rupees
Solory, Woges & Bonus
Contribution to Provident Fund & Other Funds1 0,'r23,685
't,406,6884,928,438
825,407Tolol . 11,530,373 5,7 53,845
2'l Finonce Cosl
Pqrliculors As At 31/03/2021Rupees
As Al31l03l202CRupees
lnterest lo Bonk
lnleresl to Others
Other Bonowing Cosl
237,546
4,052
36,580Iolol ..... 278,178
ff{E(61,6eoaua
W",.#I wfv
ticulors As At 31/03/
Chorges to Provident
ond Professionql Fees
Audil Fees
'Sitting Fee
22,559
50,726
5,573
?7,384
1s,000
60,000
3,77 6
1, t35
36,563
22 Olher Expenses
As Al31/03/2021Rupees
45.3r5
73,281
5.1 50
572,218
50,000
75,000
16,377
8,0009,673
82.297Tolol ...., 937,31',| 292,717
Note No. 23: SIGNIFICANT ACCTCUNTING POLICIES & NOTES TO THE FINACIAL STATEMENTS
l: Comoonv Overview
ABHISHEK INIEGRAIIONS TIMIIED hOS
Dubey, the key promoter, to corry onof Airports ond to do ollied business.
2: Siqnificont Accountinq Policies
been incorporoted in the year 2017 by Shri Sonjoythe business of developing, mointoining & operoiing
o. Bosis of preporotionThe finonciol stotements; of the Compony hove been prepored in occordonce withthe Generolly Accepted Accountlng Principles in lndio (lndion GAAP) to complywith the Accounting Stclndords specified underSection 133 of the Componies Act,
2013, reod with Rule 7 of the Componies (Accounts) Rules,20l4 ond the relevont
provisions of the Comp<rnies Act,2013 ("the 2013 Act"), os opplicoble. The finonciol
stotements hove been prepored on occruol bosis ond under the historicol cost
convention.
Use of estimolesln preporing the Compr:ny's finonciol stotements in conformity with the occouniingprinciples generolly occepted in lndio, monogement is required to moke estimotes
ond ossumptions thot crffect the reported omounts of ossets ond liobilities ond the
disclosure of contingerrt liobilities of the dote of the finonciol stotemenls ond
reported omounts of r<;venues ond expenses during the reporting period. Actuol
resulls could differ fronr ihose estimotes. Any revision to occounting estimotes is
recognized prospectively in the current ond future periods.
c. Properlv, Plont ond Equipment & DepreciotionProperty Plont & Equipments
Property, Plont ond Equipment ore stoted of cost of ocquisition (net of CENVAT,
wherever opplicoble) os reduced by occumuloted deprecioiion. The cost of ossets
includes other direct/indireci ond incidentol cost incurred to bring them into their
working condition.
When ossets ore disposed or retired, their cosi is removed from the finonciol
stotements. The goin or loss orising on the disposol or retirement of on osset is
determined os the diffe,rence between soles proceeds ond the corrying omount of
the osset ond is recognized in Stotement of Profit ond Loss for the relevont finonciol
yeor.
DepreciotionThe depreciotion on ossets for own use is provided on "Stroight Line Method (SLM)"
on the bosis of useful lif e of ossets os specified in Schedule ll to the Componies Act,
20l3 on Pro-roto Bosis.
b.
ffiud
d.
When ossets ore disposed or refrom the finonciol siotenrenis. Th<
on ossei is determined os the difomount of the osset oncl is recogfinonciol yeor.
Detoils of useful life of ossets
red, their occumuloted depreciotion is removedgoin or loss orising on the disposol or retirement of3rence between soles proceeds ond the corryingized in Stotement of Profit ond Loss for the relevont
Sr. No. Closs of Assets Useful LifeI Plont&Mochinery-Eor h movinq equioment ? yeors2 Plont&Mochinery-Civ Consiruction l2 yeors
costs. including finoncing costs in respect ofent of commerciol production, nel chorges on:djustments orising from exchonge rote voriotionss ore copitolized.
t o stroight - line bosis over their estimoted usefulrot the useful life of on iniongible ossel will not,hen the osset is ovoiloble for use is considered bytion period ond the omortizotion method orerg dote. lf the expected useful life of the osset is
rs estimotes, the omortizotion period is chonged
disposol or retirement of on intongible osset is
>tween net disposol proceeds ond lhe corryingnized os income or expenses in the Stotement ofol.
r o stroight - line bosis over their estimoted useful
umption thot the useful life of on intongible osset
lhe dote when the osset is ovoiloble for use is
. The omortizotion period ond the omortizotion:h reporting dote. lf ihe expected useful life of ihen previous esiimotes, the omortizotion period is
g.
Provision for current tox is modeunder the provision of thre I
Deferred Tox resulting from "tiincome is occounted for usi
subsequently enocted os onrecognised ond corried forword
ofter toking into considerotion benefits odmissibleTox Act, 1961.
g difference" between loxoble ond occounlingthe iox rotes ond lows thol ore enocted or
(iii)
bolonce sheet dote. Deferred tox ossel is
nly to the extent thot there is virluol ceriointy thotthe ossets will be reolizeC in
Revenue Recoonition:RevenueRevenue is recorJnized to the extent thot it is proboble thot the economicbenefits will flow lo ihe C ny ond revenue con be reliobly meosured.
lnterest lncomeRevenue is recognized o time proportion bosis toking into occount the
he rote opplicoble except interest on income toxomount outstoncling ondrefund is recogniz:ed in the of receipt.
DividendDividend income is recog when right to receive the some is estoblished.
Foreion Currencv lronscrctions
Tronsoctions in fr:reign c ore recorded in lndion rupees using iherotes of exchonge on ihe dote of the tronsoctions. Ai eochbolonce sheet dote, m ory bolonces ore reporled in lndion Rupees of the
ing of the Bolonce Sheet dote. All reolized orrotes of exchongeunreolized exch,onge ustment goins or losses ore deolt with in theStotement of Prof it ond L
ln order to hedge ex to foreign exchonge risks orising from export or
import foreign currency, bonk borrowings ond trode receivobles, the
compony enter:; into f
controct, the cost of td controcts. ln cose of forword exchonge
controcts is omortised over the period of the
controct, ony profit or loss ing on the concellotion or renewol of o forwordexchonge contrcrct is rec sed os income or expenses for the yeor.
Exchonge differe;nce is ccurrency omounl of the
oted os the difference between the foreign
troct tronsloted of the exchonge rote of the
reporting dote, c,r the se t dote where the tronsoction is seitled during
the report periocl ond the esponding foreign currency omount tronslofedof the loier of the dotesthe lost reporting dote.
inception of the forword exchonge controct ond
Stotement of profit ond I
rotes chonge.
h exchonge difference rote recognised in thein the reporting period in which the exchonge
e.
iii)
iv) Non-monetory items whichin o foreign currency ore rtronsoction.
h. Borrowinq cost:Borrowing costs thot ore ottrlossets ore copitolized os port of tossets ore reody for thr:ir intetokes substontiol period to get r,
chorged to revenue occounts.octive development is intenup
lnvenlories:The bosis of voluotion of inventoriin Progress is volued on weightcomputed on FIFO bosi:; ond Netordinory course of busin,ess, redto effect the sole.
lnvestmenis:Long Term lnvestments ore stotdecline other thon temporory, in
Employees' Benefits:
0. The Employee ond C
Government of lndiopercentoge of tlremode in the yeor in which
b. The Liobility for Grotuity tdetermined by f']rojectedvoluotion. Actuoriol goin /Stotement of profit ond
The Compony does not oun-ovoiled leove:;ore
Segment lnformotion:Bosed on the principles for det1/ "Segmeni Reporting" issued
(Accounting Stondord) Rules.
of developing, moinioining &
k.
with moin business of the C hence there is no reportoble segmenl.
ore corried in terms of historicol cost denominoteded using the exchonge rote of the dote of the
e to the ocquisition or construction of quolifyingcost of such ossets, whenever opplicoble, till theuse. A quolifying ossel is one which necessoryfor intended use. All other borrowing costs ore
piiolizotion of borrowing cost is suspended when
is " lower of cost ond net reolizoble volue". Workoveroge method. Cost in respect of invenlories is
eolizoble volue is the estimoted selling price in theby the estimoted costs of complBtion ond costs
of cost. Provision is only,volue of investments.
mode lo recognize o
ny moke monthly fixed Contribution to's Provident Fund equol to o specified
employee's solory. Provision for ihe some is
ices ore rendered by the emplo;ree.
employees, which is
Unit Credit methodloss in respect of the
o defined benefii plon is
on the bosis of octuoriolsome ore chorged to the
corry forword of un-ovoiled leoves ond henceshed in the current yeor itself.
tion of segments given in Accounting Stondordoccounting siondord notified by Componies
, the compony is moinly engoged in the business
ting of Airports ond oll other octivity surrounded
\q,riy rT
n.
q.
lmpoirment:The monogemeni pericdicolly o , using externol ond internol spurces whetherthere is on indicotion tltot on os moy be impoired. lf on osset is impoired, the
loss os the excess of the corrying omount of thecompony recognizes on imosset over the recoveroble ooccounting periods is reversedrecoveroble omounts.
Eornings per Shore:
t. The impoirment loss recognised in priorif there hos been o chonge in the estimote of
Bosic eornings per shore is colc loted by dividing net profit ofler t[x for lhe yeor
oitributoble to Equity Shoreh s of the compony by the weighted overogenumber of Equity Shorers outstocolculoted by dividing net
ng during the yeor. Diluted eornings per shore is
ofit ottributoble to equity Shoreholders (ofierodjustment for diluied eorningsoutstonding during the'yeor.
by overoge number of weighted equity shores
A provision is recognized when t is o present obligotion os o resllt of post eventto settle theond it is proboble thot on ou flow of resources will be required
obligotion, in respect of which o lioble estimote con be mode.
A disclosure for o contingentobligotion thot moy, but probo
ty is mode when there is o possible or present
will not require on outflow of resources.
Contingent Assets ore neither r nized nor disclosed in the finonciol stotements.
p. Excise Duiv. VAT, GST & CENVAT:
CENVAT/VAT/GST credit on mot purchosed for production/service ovoiled forproduction/input service ore I en inio occount of the iime of purchose ond
hose of copitol items wherever opplicoble oreCENVAT/VAT/GST credit onloken into occount os <rnd whe the ossets ore ocquired.
The CENVAT credits so token utilized for poyment of excise duty on goodsihe books. The
goods sold. The
monufoctured. The unutilized C NVAT credit is corried forword in
VAT/GST credits so token ore for poyment of soles tox onunutilized VAT/GST credit is forword in the books.
Accounting policies not specgenerolly occepted occounting
referred to othenarise ore consisteni withnciples.
6l--%f (ntm.oaoao)fiM
3: Notes lo the Finonciol Stolernents
Reloted Portv DisclosurelList of reloted porties with whom tronsocfions hove token ploce during the yeor onddetoils of tronsoctions is os follows .
(i) Kev Monqoeriol PersonnelSonjoy N Dubey Monoging Director.JyotiS Dubey Whole Time DireciorNorbodo B Dwivt=di Director
( ii)
(iii)
Rimo A DololSonjoy D KukodiclRovindro M RowotHetol K Voghelo
Abhishek Associotes Monoging Director is Proprietor
Sr.
No.Nome Noture For the Yeor
2020-21For the Yeor
2019-20I Sonjoy N Dubey Siiting Fees 25,000 20,0002 JyotiS Dubey Sitting Fees 25,000 20,000a Norbodo D Dwivedi Sitting Fees 25,000 20,0004 Sonjoy N Dubey Remunerotion 1,00,000( JyotiS Dubey Remunerotion __1,2049f
47,0006 Rovindro rVl Rowot Remunerotion7 Abhishek Associotes Sole 15,35,408 4,07 ,7 55B Abhishek Associotes Business Purchos,= 2,O6,62,571
Sr.
No.Nome Debit / Credit As ot
3r.03.2021As ctl
3r.03.2020I Sonjoy N Dubey Credit 1,20,500 r8,0002 JyotiS Dubr:y Credit 60,500 r8,000e Norbodo D Dwivedi Cred 22,500 18,0004 Rovindro M Rowot Cred 45,000trJ Abhishek A:;sociotes Deb 4,00,843
f{irtunec+atea}Btt=l:\ /f,
b.
c.
: Nil (P.Y. Nir)
Monoqeriol Remunerolion:(Amounts in Rs.)
d. Auditors' Remunerotion(Amounts in Rs.)
Porticulors
Audit Fees
Totol
e. CIF Volue of lmports:(Amounts in Rs.)
Expendilure in Foreiqn E.xchonge:(Amounts in Rs.)
Sr. No. PorliculorsFor the yeor3l -03-2021
For the yeor3r-03-2020
I Troveling Expernses Nit Nit
2 Spores Nit Nit
g. Eorninq in Foreiqn Exchcrnoe:(Amounls in Rs.)
For the yeor31-03-2021
For the yeor3 1 -03-2020
Export Nit Nit
h. Borrowing costs ottribuioble to the ocquisition or construction of Quolifying Assets
omounting to Rs. Nil (P.Y. Rs. NA).
During the yeor, the Compony hos impoired the ossets to the tune of Rs. Nil (P.Y. Rs.
Sr. No. PorticulorsFor the yeor3r -03-2021
For the yeor31-03-2020
I Remunerotion & Other Pprquisites 2,20,OO0 Nit
2 Provident Fund 7,500 Nit
Iotol 2,27,500 Nit
For the yeor3r -03-202r
For the yeor3t -03-2020
Sr. No. PorticulorsFor the yeor3r -03-2021
For the yeor3 r -03-2020
l Project Moteriols Nil NA
2 Components & Spore P :rts Nit NA
Copitol Goods Nit NA
F.O.B. Volue io
<ht)rle
NA).
f.
Sr. No.
I 50,000 r5,000
50,000 r5,000
Sr. No. Porticulors
I
k.
During ihe yeor, ihe Compony hos token over business of 'Abhishek Associoles'proprietorship firm of Sonjoy N. Dubey by purchosing its lnventory of Work in Progress
omounting io Rs. I ,06,40,137 ond Deposiis omounting to Rs. I ,00,22,434
The Compony hos noi received informotion from vendors regording their stotus
under the Micro. Smoll <rnd Medium Enterprises Development Act, 2006, ond hencedisclosure reloting to ornounts unpoid os oi yeor end iogether with interest poid /poyoble under this Act hos not been given.
ln the opinion of Boord of Directors, Current Assets, Loons ond Advonces oreopproximotely of the some volue of which these ore stoted in the Bolonce Sheet, ifreolized in the ordinory course of business.
The Compony's operotions predominontly consist of developing, mointoining ondoperoting of Airport ootiviiies. Hence there ore no reportoble segments underoccounting Stondord-.l7. During the yeor under report, substontiol port of theCompony's business ho:; been corried out in lndio. The conditions prevoiling in lndiobeing uniformed, no seprorote geogrophicoldisclosures ore considered necessory.
Some of the bcrlonces of Debtors, Creditors, Advcrnces ond Liobilities hove beentoken os per books, ore, subject to reconciliotion / confirmotion ond consequentiolodjustments, if ony.
o. Previous yeors figures hove been regrouped ond reorronged wherever necessory, tomoke them comporoble with those of current yeor.
As per our report of even dqte ottoched herewilh
For, Horish Kumor Moheshwori For, ABHISHEK INTEGRATIONS tlMlTED
m.
;ffi,Proprietor
M.No.74l l3AhmedobodApril5, 2021
U DIN: 2107 41 I 3AAAABD7898
Direclor
Chief Finonce Officer
h,\<,v€\."\.,Hetol K Voghelo
Compony Secretory
Monoging DirectorDIN: 02218614
-d*@u
'tF,"e:::'\flt,+ '
Horiih- Kumor Moheshwori
W'*N+JyotiS Dubey
Whole Time DireciorDIN:7177326AhmedqbodApril5, 2021
