APPLE CARBON PRIVATE LIMITED 8-2-884/1/1, VALLEY VIEW RESIDENCY, DURGA ENCLAVE, ROAD NO.12, BANJARA HILLS, HYDERABAD- 00034, ANDHRA PRADESH DIRECTOR'S REPORT Dear sharcholders, Your directors have pleasure in presenting the First Annuel Report of yout company, together with the Audited Accounts for the year ended 31 March 2013, Stato of Company's Affair ‘The company has earned @ profit of ¥ 568473.27 for the year ended 31 March 2013. The break-up of profit is given as follows : Particulars 2012-2013 2011-2012 Saks 244079278.09] 240150708.60 21 Prof BOT) 68473.27 11217056) Less : Depreciation 0.00 5788.00 Proft ater dopreciction but before tax (POT) 568473.27 108367.56 Lees Taxes 0.00 0.00 Profi(Loss) forthe period fiom continuing operations 568473.27 108387.56) Profi(Loss) forthe period fiom Discontinuing eperations 0.00 0.00 Net profit / (loss) for the period [ 568473.27| 106387.56 No. of Shares | “000 q EPS 50185 00 DIVIDEND The company does not propose any dividend during the current yeer. ~\CCEPTANCE OF DEPOSITS | The Company has not accepted any deposits during the year under review. MATERIAL CHANGES AND COMMITMENTS OCCURED BETWEEN THE DATE OF THE BALANCE-SHEET AND ‘THE DATE OF THE AUDIT REPORT No significant material changes and commitments have occurred between the dale of the belance sheet and tne date of the audit report CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIG! a) Conservation of Energy : EXCHANGE EARNINGS AND OUTGO The companies (Disclosure cf perticulars in the report of Director) Rules) 1888 for the conservation of energy are not applicable on us, bb} Technology Absorption : | pee OF ZenlT-A KOK Sotware Praduet‘The companies (Disclosure of particulars in the report of Director) Ruk applicable on us. ©) Foreign Exchange Eamings and outgo : ‘The company has no foreign exchange eamings znd outgo transactions du 4 PARTICULARS OF EMPLOYEES: Thete wes no employee of the company who received remuneration in| 217(2A) of the Companies Act, 1956 read with Companies (Particulars of Et DIRECTOR'S RESPONSIBILITY STATEMENT ( 2A) Pursuant to Section 217 ( 2AA ) of hen Companies Act, 1956, your director i) That in the preparation of the accounts for the financial year end slandards have been followed and there has been no material depart That the directors have selected euch accounting policies and appli estimates that were reascnable and prudent so 2s to give true and the end of ihe eaid financial year an¢ of the profit of the company for ii) ‘accordance wih the provisions of Compan and detecting fraud and other iregutarites, , iv). That the ¢irectors have prepared the accounts for the year ended 31 Act, 1966 for safegardi AUDITORS" ‘The auditor's RAJESH LAKSHMAN & ASSOCIATES Chartered Accountant ‘esting end have confirmed their elisibilty and willingness to accept the off ACKNOWLEDGEMENTS: Your company takes this opportunity to thank all the Shareholders. and support Your directors wish to place on record their appreciation for the co-operait 3h ether people associated with the comeany and lock forward for their cot Date Place 2310412013 HYDERABAD Thal the ditectors have teken proper and eufficient care for the my , 1988 for the Technology absorption are not ing the current financial year. lexcess of the limits prescribed under section mployces) Rules, 1976. ‘conflim -d 31 March 2018, the applicable Accounting 85 them consistently and make judgements anc ir view of the state of affairs of the company at Said financial yeer, intenanee of adequate accounting records in ig the assets of the company and for preventing larch 2013 on going concern’ basis. Fete at the conclusion of this annual geneval ice, ifre-appointed. investors of the company for their continued jpn and support reoaived trom empioyoes, staff tinued suppor. Forend on behalf of the board (APPLE CARBON PRIVATE LIMITED } Zen -A KOK Satvare ProductCHARTERED ACCOUNTANTS: Auditor's Report To The Members of Apple Carbon Private Limited We have audited the annexed Balance sheet of APPLE CARBON PRIVATE LIMITED, ‘ag at 31/03/2013 and the Statement of Profit and Loss for the year ended on that date annexed thereto . These financial statements are the responsibilty of the Company's management, Our responsiblity is to express an opinion on these financial statements based on our audit We conducted Our audit in accordance with auditing standards generally accepted in India, Those Standards require that We pian and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basi evidence supporting the amounts and disclosures in the financial statements, An audit also includes assessing the accounting principles used and significant estimates made by management, as vrell as evaluating overall financial statement presentation. We believe that our audit provides 2 reasonable basis for our opinion 4. This report does not include a statement on the matters specified in paragraph 4 of the Companies (Auditor's Report) Order, 2003, issued by the department of company affairs, in terms of section 227 (4A) of the companies Act, 1956, since In Our opinion wo ‘and according to the informetion and explanation given to us, the sald order is not applicable to the company. 2 Further to Our comments in the annexure referred to in paragraph 1 above, we state that: (a) We have obtained all the information and explanations, which to the best | of Our knowledge and bolief were necessary for the purpose of Our audit (6) In Our opinion books of accounts as required by the law have been Kept by the Company so far 2s it appears from the 4 59-191, 302, 3ed Floor, Tel: +91 40 4366 0529 Feecdavan Complex. Chirag AliLane, _ Mobile: + 91 9849861047 rajrajesh 9to) (d) [C) Q z Place: HYDERABAD Deted: 23/04/2013, A RAJESH LAKSHMAN & ASSOCIATES CHARTERED ACCOUNTANTS 4 ‘The Balance Shest ard the Statement of Profit and Loss dealt with by this report, are in agreement with the said books of accounts: in Our opinion the Balance Sheet and Statement of Proft and Loss comply with the accounting standards referred to in Sub Section 30) of Section 211 of the Companies Aet, 1956 On the basis of written representation received from the directors as of 310312013 ard taken on record by the board of cirectors, Wve report that ‘none of the direciors is disqualified as of 31/03/2013 from being appointed 88.2 director in terms of clause (g) of sub section (1) of Section 274 of the Companies Act, 1956, 'n Our opinion and to the best of Our information and according to the explanations given to us, read with Accounting Policies and notes on Accounting mentioned in Notes 4 - 24, the seid accounts give the infornation required by the Companies Act, 1956, in the manner so fequired give a true and feir view, (Im the case of the Balance Sheet, of the State of Affairs of the Company as ai 31/03/2013 and: (i) In the case of the Statement of Profit and Loss, of the Proft of the Company for the year ended on that date, Zeni “A KOK Sefwere Potuet #5-9-191, 302, 3rd Floor, Tel: +91 4043686529 Emel: Brincavan Complex, Chirag Ali Lane. Mobile: + 91984986 1047 Tajeajesh93@redifimailjcom Abids, HYDERABAD - 500.001‘APPLE CARBON PRIVATE Lin 8-2-684/1/1, VALLEY VIEW RESIDENCY, DURGA E1 HYDERABAD-500034, ANDHRA PF [re ICLAVE, ROAD NO.12, BANJARA HILLS, |ADESH Balance Sheet as on 31 March 2013 (amount in PARTICULARS (GTE NOT CURRENT YEAR | PREVIOUS Year (W EQUITY AND LIABIOTIES (2) SHAREHOLDER'S FUNDS (A) SHARE CAPITAL 1 100000.00, 1100900,00, {B) RESERVES AND SURFLUS. 2 666284.27 9781156 (C) MONEY RECEIVED AGAINST SHARE WARRANTS (2) SHARE APPLICATION MONEY PENDING ALLOTMENT 3] 1225000.00 (3) NON-CURRENT LIABILITIES \A)LONG TERM BORROWINGS 4] (500090.00) 2 (8) DEFERRED TAX LiagILieS (NET) 12849.00 (0) OTHER LONG Tent LIABILITIES (0) LONG-TERM PROVISIONS (4) CURRENT UABIUMIES (A) SHORT TERM BORROWINGS (8) TRADE PavaBtES 6] r0co7s12.00| — s46i2574.00 (©) OTHER CURRENT UABiLTiEs % 82442,00 115000.00 (©) SHoRr-TeRm provisions TOTAL 3a08i2a7.27 | 5483723456 dyassers: (a)Non-cuRRENT AsseTS (a) PED ASSETS, ()y-TaNGioLe assers, 8 12195400 48417.00 (i) INTANGIBLE ASSETS (W) CAPITAL WorK-nm-PaoGRESS ((¥) INTANGIBLE ASSETS UNDER DEVELOPMENT (8] NON-CURRENT invesTIMENTS (C) DEFERRED TAX ASSETS (NET) 5 {0} LONG TERM Loatis AND ADVANCES 3 5496.00 (6) OTHER NON-CUnRENT Assets 20 7245.00 4000.00 (2) CURRENT ASSETS: (a) CURRENT investieNTs a =| s17asi.00 [s) invereronies 12] 3351235.01 90987.56 JC) TRADE RECEIVABLES 13] 7347181.00| — szan1s01.00 {D) CASH AND BANK BALANCES aa] 221802600) — 1786025.00 (€) SHORT TERM LOANS AND ADUANCES (ROTHER CURRENT ASSETS 35 38588.00 53547.00 Tora 12003239.01 | 5483773056 SIGRIFICANT ACCOUNTING POLICIES a0 FOR APPLE CARBON PRIVATE LinATED. g 70 Pisce HYDERABAD (bate :25/04/2013 Memberstip No : 202802 Pace: HYDERABAD Date: 23/06/7013APPLE CARBON PRIVATE LIMITED Regd Office :8-2-684/1/1, VALLEY VIEW RESIDENCY, DURGA ENCLAVE, ROAD NO.12, BANJARA HILLS, HYDERABAD-500034, ANDHRA PRADESH Notes to account for the year ending 31. March 2013, (amount in) 1, SHARE CAPITAL ‘The reconciliation ofthe Closing amount and Opening amount of Share Ceptal is sivas follows: ‘OPENING vons | CLOSING PARTICULARS sauance | AbPMons | DeDucrions | OsNG "AUTHORISED SHARE CAPITAL 10000 EQUITY SHARES OF FS.10 EACH, 300000.00 =| r00000.00 ISSUED SHARE CAPITAL 10000 FQUITY SHARES OF RS.10 Eaci 100000.00 100000.09 SUBSCRIBED AND FULLY PAID-UP CAPITAL 10009 EQUITY SHARES OF FS.10 EACH, +109000.00 : s1e0000.00 tess | caus UNPAID 3 j i Less: | FoRFerreD stares x & Tora 1190000.00 2.00 0.00 | _a00000.00 ())_ USTS OF SHAREHOLDER’S HOLDING ORE THAN 5% OF SHARES ‘The name ofthe sharchelders helding more than 5% shares 9s on the belahce sheet date is given below: ‘No. [ Name ofthe sharehalder Nev of snaresheld T ol havesheld 1 [AWU GARG S000) 50.00 2 [ASH GARG: 5000. 50.00 Total jouo0.00 360.00 (iW) PROPOSED DIVIDEND The company hes proposed dividend of Rs 0.00(Rs 0.00 per equity share) ‘and RS0.00 (Rs 0.00 2. RESERVES & SURPLUS ‘The cone ition of the Closing smount and Opening amount af Reserves & Surplus (Previous Year. Rs 0.00) on eouity shares er preference share) (Previous Year. Rs Rs 0.00) on preference shares during the current period. siven 2 follows: ‘CURRENT PREVIOUS PARTICULARS ta ae SURPLUS $7811.00, 8575.00 TOTAL 37821.00 (576.00) 3. SHARE APPLICATION MONEY PENDING ALLOTMENT ‘The reconciliation of the Closing amount and Opening amount of Share Aapliation foney pending Alotmentis given as follows CURRENT PREVIOUS PARTICULARS. ee Ae ‘SHARE APPLICATION MONEY PENDING ALLOTMENT | 432600000 TOTAL | 325000.00 5 (i) DETAILS OF SHARE APPLICATION MMoNEY ‘The details ofthe share application money ae as folows Tre [Panesere Beso 1 [Teese Coats Seu 2 [Woofer sopod To ae 112500 3 [Amat of reves t 1 [Reve before nich Rorerae toned SGI5 wihothor the co. har eulident athored capil HO. G | fnterest accrued on amount ue for rune o Whathor the share appestion moneys pending bevand te ? | porod species mo! Ife answer 10 te above questions aTnatve, Pease SpeaTy 8 the period 9 | Reasons fo the seme 4. LONG TERM BORROWINGS The reconciistion of the Cosing amount and Opening amount of Long term Borrowings is even as fotows. ‘CURRENT PREVIOUS PARTICULARS ee ae LONG TERM DEPOSITS | (500000.00) TOTAL [| 1500000.00) 5. DEFERRED TAX “he ceconciliation of the Closing amount and Opening amaurt of Deferred Taxis gvet a: Follows: CURRENT PREVIOUS PARTICULARS | ae ae DEFERRED TAK LIABILITIES 32869,00, h TOTAL S 12848.00 6. TRADE PAYABLES. ‘The recorciation of the Closing amount end Opening amount oF trade Payables is given as follows: ‘CURRENT PREVIOUS PARTICULARS YEAR YEAR TRADE PAYABLE [ z0607s12.00 '54611574.00 TOTAL 10607512,00 '54611574.00 7. OTHER CURRENT LIABILITIES ‘Tha reconciliation of the Closing amount and Opening amount of Other Current Ladies is given a follows 3 ‘cuRRenr PREVIOUS -ARTICULARS: ba ve CURRENT LAGHLTES - OTHER mE) 1500000 TOTAL [_e2aea.00 15000.00 Fin Siar pry9: LONG-TERM LOANS ano ADVANCES he reconcitaton oth Cosng amount and Open a ofthe Got omaunt ard Opering amount of Long term Loans an advances given a5 folons: PARTICULARS CURRENT PREVIOUS vean YEAR OTHER LOAN & ADVANCES | [ tom 39500] suasoo 5296.00 10. OTHER NON-CURRENT assets jersey tater the cs moun and Opeing sunt of Omer non curren ast ven 9 folons: (cureewr PREVIOUS PARTICULARS YEAR ean MISCELLANEOUS Benes NOT WaTTENOR) ass.00 200000 Now cunaeNTasseTs - oraGn (630600)| | 7245.00 24090.00 TOTAL 7245.60 22000.00 31. CURRENT INVESTMENTS “herein f the Closing oun ane Opening snunt of Curent nvesentis ven a fotlous: ‘URRENT Previous PARTICULARS aE TRADE AVESTOENTS liso 51746109 Torat 517464.00 22, INVENTORIES [fessouttaton ofthe asin rout and Opening amount of ivertress gens foows counter PARTICULARS fe Previous van FINISHED GOODE | 30587 56 STOCK N-TRAGE S525 TOTAL 235120501 30987.55 79. TRADE RECEIVABLES {secon othe Cling ernst nd Opting amount of Trade receabes iene folows CoRRENT PREVIOUS PARTICULARS ee a TRADE RECEIVABLES: 734718100 | _7347381.00 | _52311301.00 $2311301.00 TOTAL 7347181.00 52311301,00 14, CASH AND BANK EALANCES [Petesattton cf the Closing amount end Opening amount of Cash nd Bank alances i fen a fllns: cuRren PREViOUS PARTICULARS Venn YEAR ‘ASH AND CASH EQUVALENTS DANK BALANCE 83423900 F CASH ON HAND 380787.00, 4134200 CASH EQUIVALENTS -oTHER =|_ 121407600 _741685.00| _1786005.00 TOTAL 1215026.00 3786025.00| a48. OTHER CURRENT ASSETS 7esesonctton ofthe losing emount and Opening amount of ccna Current Assets isgiven a8 follons: CURRENT PREVIOUS PARTICULARS CHAR YEAR YEAR CURRENTASSETS OTHER 3588.00 $3507.00, cL TOTAL 36568.09, 53547.00 | 36. REVENUE FROM OPERATIONS [He Seoreiation of the Closing amount and Opening amount of Revenue from eration is given as follows UREN Ta anrcuians = RevOUS eT sss 24107327600 | 4407274. | sxota70000 | a1sorosca Tora aeons 2uoiso7oec0 17. OTHER INCOME “he ceconcllation ofthe Closing amgunt an! Opening amount of Other Income given ds follows: CURRENT PREVIOUS PARTICULARS ae rye INTEREST INCOME 5 17451 00 OTHER INDIRECT INCOME 6932.00 s TOTAL '56952.00 3746.00, 18. OTHER EXPENSES jhereeonclation of the Casing amount and Opening amount of Other Eros gan 3 follows ‘CORRENT PREVIOUS PARTICULARS a ae INDIRECT EXPENSES OTHER inREsT 6972.00 2672.00 onaTION ACCOUNT - 12009.00 Discount 337.00 19.00 IMisceUanieous expenses wairren ore zs ‘8009.00 ~~OUR& TRAVELLING Expenses 33305.09 5700.00 cst 16335.00 courier : 220,00 REBATE AND OISCOUNT- sates 6520.00 BANK CHARGES (HARDWARE) 7240.00 TESTING cHanaes : 2978.00 GENRAL EXPENSES 6000.00 SALARY ACCOUNT 600000.09 1593500 ‘AUDIT FEES 5000.00 4500900 DDEFFERED TAX E 12849.00, Income Tax 23670.00 COLNERAL EXPENSES 3 46398.00 DEPRECIATION 14882.00 PRINTING & STATIONERY : 2405.00 TOUR TARVLING (4/4 CHARGE 64586.00 BANK CHaRGES 5557.00 588.00 PROFESSION Tax =| 799266.00! ——sox0.00 DIRECT EXPENSESPORT CHANGES TRANSPORT CHARGES =| custom oury RATES & TAXES STORE AYE 136773.00 36000.09, 541452.00 2000.00 500.00 688225.00] _ 197793.00 220286,00 TOTAL 1487491.00 425478.00 " as.oTHER (2) RELATED PARTY TRANSACTIONS Ne per Accounting Standard (is) 13, (a A. Uist of Related Parties ‘Related Party Disclosures’ presen Gisclesures ofthe details of tne retated parties and the transactions encered with the fed under the Accounting Standard ules, the are given below. Name ofthe paon 3 | Rey Management Personnel ‘ANIU GARG | ‘ey Wiaazement Personnel ANKUSHGARS Palos ef KVP. PAWAN KUN}AR GRA: KUNG save 2 3 @ | Ralsbve of KF 5 [associates ‘APPLE INDUSTRIES PVT LTO (my 8. Ust of Transactions entered with them Nature cfTramactions | assccate Jone Venture Tey, ‘Managemen Perse (h vy jeremy | O82 Tota Tes Taken z 2 | tslancoaeat at ap 3 | ten Dering the Veor Tetureed Dating the oor alencoa ae Hie Men Sundiy debtors Bolonesasat 31st ae 950050000, 850050009 Loans ren Babe as at SA Apal (Gen During he Year epoidand ejusted during the veer Sslnce sat Deh Moreh 13 | Sunery redone Babace a at eh 14 store 5101525.00 5101545.00 a5 | saes 36 | otherioceme 37 | Purchates 15 | Bcpandre 35 | Fone Say 0000.00 9000000, 21 | interes 22 | Rent 23 | Sarg (WV) PAYMENT To AUDITOR‘The tolowe eigtse re nered on Avorn he lowing none ~ [ite Prine oi ren Ya | Ran eT 2] As an Ausitar 4000.06 1500000 oat ol ‘S000 ‘e000 (W) Figures have been regrouped and rearranged wherever found FOR APPLE CARBON PRIVATE UNM-TED. Face sMvpeRABAD Date "= 23/0472013, essary, ‘As Per our audit report of even Date FOR RE:APPLE CARBON PRIVATE LIMITE D &2-864/1/1, VALLEY VIEW RESIDENCY. DURGA ENCLAVE, ROAD NO.12, BANJARA HILLS, 'AGESH HYDERABAD-500034, ANDHRA PR, Basie of Accou ‘Tre Comoany cows acerua systems of accountng in he prepaetion of Fixed assoets ‘hed Aesels has been sited! at historical cos! ess depreciation, jation, Depresiston on fxed easels has been provided al Yiten down volue metho. Inventor Raainatetal And Work in Progress Has been valued At cost And Frshed G Reaiisable Value Whichever ie tess, su tors Bebiors ere subject to confirmation Sundry Creditor Sunciy Grecitars Avo subject o Contimation Contigent Liabiti LeFrouision's mage for abies uhien are contingent in neture tut i mater tone accounts, LiMITED U Significant Accounting i, Note no : 20 nts except where otmanvice steted. is Has Boan Valued At Cost o- Net al the same are cisciosed by way of notes AS Per Auait Report of Even Dato FOR RAJESH LAKSHMAN & lace : HYDERABAD le: 2310672013, gz 2enIT-A KOK Software Preduek