Trendsutra Fy15 PDF

TrendSutra Platform Services Private Limited
Standalone Financial Statements for period 01/04/2014 to 31/03/2015
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR
01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
TrendSutra Platform
Name of company Services Private Limited
Corporate identity number U74990MH2011PTC220126
Permanent account number of entity AADCT9282F
101, Ackruti Corporate
Park, L. B. S. Marg,,
Address of registered office of company Kanjurmarg (West),,
Mumbai, Maharashtra,
INDIA, 400078
Commercial and
Type of industry Industrial
Registration date 25/07/2011
Whether company is listed company No
Date of board meeting when final accounts were approved 28/09/2015
Period covered by financial statements 12 MONTHS 12 MONTHS
Date of start of reporting period 01/04/2014 01/04/2013
Date of end of reporting period 31/03/2015 31/03/2014
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
Disclosure of principal product or services [Table] ..(1)

Types of principal product or services [Axis] 1
01/04/2014
to
31/03/2015
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 9984
TELECOMMUNICATION,
BROADCASTING AND
Description of product or service category INFORMATION SUPPLY
SERVICES
Highest turnover contributing product or service (ITC 8 digit) code 99843990
Description of product or service Other Online Content
Unit of measurement of highest contributing product or service NA
Turnover of highest contributing product or service 23,42,13,655
Quantity of highest contributing product or service in UoM 0
TrendSutra Platform Services Private Limited Standalone Financial Statements for period 01/04/2014 to 31/03/2015
[400400] Disclosures - Directors report
Details of principal business activities contributing 10% or more of total turnover of company [Table] ..(1)
Product/service 1
Principal business activities of company [Axis]
[Member]
01/04/2014
to
31/03/2015
Details of principal business activities contributing 10% or more of total turnover of company [Abstract]
Details of principal business activities contributing 10% or more of total turnover of company
[LineItems]
Name of main product/service Commission income
Description of main product/service Commission income
NIC code of product/service 63122
Percentage to total turnover of company 92.57%
Details of shareholding pattern [Table] ..(1)

Shareholders Promoters Individual/HUF
Shareholding pattern [Axis] Indian [Member]
[Member] [Member] [Member]
01/04/2014 01/04/2014 01/04/2014 01/04/2014
to to to to
31/03/2015 31/03/2015 31/03/2015 31/03/2015
Details of shareholding pattern [Abstract]
Details of shareholding pattern [LineItems]
Number of demat shares held at end of period [shares] 0 [shares] 0 [shares] 0 [shares] 0
[shares] [shares]
Number of physical shares held end of period 11,44,39,562 11,44,39,562
[shares] 1 [shares] 1
[shares] [shares]
Total number of shares held at end of period 11,44,39,562 11,44,39,562
Percentage of total shares held at end of period 100.00% 100.00% 0.00% 0.00%
Percentage of change in shares held during year 73.98% 73.98% 0.00% 0.00%
[shares] [shares]
Percentage of change in shares held during year 73.98% 73.98% 0.00% 0.00%
[shares] [shares]
Percentage of total shares held at end of

100.00% 100.00% 0.00% 0.00%
period
[shares] [shares]
[shares] [shares]
Percentage of total shares held at end of

100.00% 100.00% 0.00% 0.00%
period
2
Details of shareholding pattern [Table] ..(2)

Foreign corporate
Shareholding pattern [Axis] Foreign [Member]
bodies [Member]
01/04/2014 01/04/2014
to to
31/03/2015 31/03/2015
Details of shareholding pattern [Abstract]
Details of shareholding pattern [LineItems]
Number of demat shares held at end of period [shares] 0 [shares] 0
[shares] [shares]
Number of physical shares held end of period 11,44,39,561 11,44,39,561
[shares] [shares]
Percentage of total shares held at end of period 100.00% 100.00%
Percentage of change in shares held during year 73.98% 73.98%
[shares] [shares]
Percentage of change in shares held during year 73.98% 73.98%
[shares] [shares]
[shares] [shares]
[shares] [shares]
Details of contracts/arrangements/transactions not at arm's length basis [Table] ..(1)

Contracts/arrangements/transactions not at arm's length basis [Axis] NA
01/04/2014
to
31/03/2015
Details of contracts/arrangements/transactions not at arm's length basis [Abstract]
Details of contracts/arrangements/transactions not at arm's length basis [LineItems]
Name of related party NA
Description of nature of contracts/arrangements/transactions with related party NA
Duration of contracts/arrangements/transactions with related party NA
3
Details of shareholding of promoters [Table] ..(1)

Promoters [Axis] PROM1
01/04/2014
to
31/03/2015
[shares]
Total number of shares held at end of period 11,44,39,561
Percentage of total shares held at end of period 100.00%
Percentage of change in shares held during year 73.98%
Details of shareholding of promoters [Abstract]
Details of shareholding of promoters [LineItems]
Trendsutra Cyprus
Shareholder?s name Limited
[shares]
Percentage of shares pledged/encumbered to total shares at end of period 0.00%
Percentage of change in shares held during year 73.98%
[shares]
[shares]
[shares]
Details of shareholding pattern of directors and key managerial personnel [Table] ..(1)
Directors and key managerial personnel [Axis] DIR1
Shareholding at
Change in shareholding [Axis] beginning of year
[Member]
01/04/2014
to
31/03/2015
Total number of shares held at end of period [shares] 1
Increase decrease in shareholding during year [shares] 0
Percentage increase decrease in shareholding during year 0.00%
Details of shareholding pattern of directors and key managerial personnel [Abstract]
Details of shareholding pattern of directors and key managerial personnel [LineItems]
Mr.AMBARESH
Name of directors and key managerial personnel MURTY
4
Particulars of holding, subsidiary and associate companies [Table] ..(1)

Particulars of companies [Axis] COM1
01/04/2014
to
31/03/2015
Particulars of holding, subsidiary and associate companies [Abstract]
Particulars of holding, subsidiary and associate companies [LineItems]
Trendsutra Cyprus
Name of company Limited
Address of company CYPRUS
Country of incorporation of company CYPRUS
LIMITED
Type of company COMPANY
Percentage of shares held 100.00%
Applicable section 2(46)
Details of indebtedness of company [Table] ..(1)

Indebtedness [Axis] Indebtedness [Member] Unsecured loans [Member]
01/04/2014 01/04/2014
to 31/03/2014 to 31/03/2014
31/03/2015 31/03/2015
Details of indebtedness of company [Abstract]
Details of indebtedness of company [LineItems]
Changes in indebtedness [Abstract]
Addition in indebtedness 44,00,000 44,00,000
Reduction in indebtedness 80,00,000 80,00,000
Total changes in indebtedness -36,00,000 -36,00,000
Principal amount at end of financial year 0 36,00,000 0 36,00,000
Interest due but not paid at end of financial
0 0 0 0
year
Interest accrued but not due at end of
0 0 0 0
financial year
Total indebtedness at end of financial year 0 36,00,000 0 36,00,000
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] DIR1 DIR2
01/04/2014 01/04/2014
to to
31/03/2015 31/03/2015
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
First name of director AMBARESH KASHYAP
Middle name of director A
Last name of director MURTY VADAPALLI
Designation of director Director Director
Director identification number of director 03279054 06963638
Date of signing board report 28/09/2015 28/09/2015
5
Details of change in promoters? shareholding [Table] ..(1)

Promoters [Axis] PROM1
Shareholding at
Change in shareholding [Axis] beginning of year
[Member]
01/04/2014
to
31/03/2015
[shares]
[shares]
Details of change in promoters? shareholding [Abstract]
Details of change in promoters? shareholding [LineItems]
Trendsutra Cyprus
Name of promoter Limited
Increase decrease in shareholding during year [shares] 8,46,62,037
[shares]
[shares]
[shares]
6
Details of shareholding pattern of top 10 shareholders [Table] ..(1)

Top 1 shareholder Top 2 shareholder
Name of top 10 shareholder [Axis]
[Member] [Member]
Shareholding at Shareholding at
Change in shareholding [Axis] beginning of year beginning of year
[Member] [Member]
01/04/2014 01/04/2014
to to
31/03/2015 31/03/2015
[shares]
[shares] 1

[shares]
[shares] 1

Increase decrease in shareholding during year [shares] 8,46,62,037 [shares] 0
Percentage increase decrease in shareholding during year 73.98% 0.00%
[shares]
[shares] 1

Details of shareholding pattern of top 10 shareholders [Abstract]
Details of shareholding pattern of top 10 shareholders [LineItems]
Trendsutra Cyprus
Name of shareholder Limited
Ambareesh Murty

[shares]
[shares] 1

[shares]
[shares] 1
Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Material contracts/arrangements/transactions at arm's length basis [Axis] NA
01/04/2014
to
31/03/2015
Details of material contracts/arrangements/transactions at arm's length basis [Abstract]
Details of material contracts/arrangements/transactions at arm's length basis [LineItems]
Description of nature of material contracts/arrangements/transactions with related party NA
Duration of material contracts/arrangements/transactions with related party NA
7

01/04/2014
to
31/03/2015
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair [See below]
Disclosure relating to amounts if any which is proposed to carry to any
NA
reserves
In view of the losses, the
Board does not recommend
Disclosures relating to amount recommended to be paid as dividend any dividend on Equity
Shares for the financial
year 2014-2015.
Details regarding energy conservation [See below]
Details regarding technology absorption NA
During the year under
review, the foreign
exchange out go
Details regarding foreign exchange earnings and outgo (expenditure) amounted
to Rs. 4,85,21,165 & the
foreign exchange
earnings were nil.
Disclosures in director?s responsibility statement [See below]
Details of material changes and commitment occurred during period Textual information (5)
affecting financial position of company [See below]
Particulars of loans guarantee investment under section 186 [TextBlock] [See below]
Particulars of contracts/arrangements with related parties under section Textual information (7)
188(1) [TextBlock] [See below]
Disclosure of extract of annual return as provided under section 92(3) Textual information (8)
[TextBlock] [See below]
Details of change in promoters shareholding [TextBlock]
Details of shareholding pattern of directors and key managerial
personnel [TextBlock]
Disclosure of statement on declaration given by independent directors
NA
under section 149(6) [TextBlock]
Disclosure for companies covered under section 178(1) on
directors appointment and remuneration including other matters NA
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk Textual information (9)
management policy [TextBlock] [See below]
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year NA
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Disclosure of financial summary or highlights [TextBlock] [See below]
There is no Change
Disclosure of change in nature of business [TextBlock] in the nature of the
business of the Company,
done during the
year.
Details of directors or key managerial personnels who were NIL

appointed or have resigned during year [TextBlock]
Disclosure of companies which have become or ceased to be its

subsidiaries, joint ventures or associate companies during NIL
year [TextBlock]
Details relating to deposits covered under chapter v of companies act
NIL
[TextBlock]
Details of deposits which are not in compliance with requirements

NIL
of chapter v of act [TextBlock]
8
Details of significant and material orders passed by

regulators or courts or tribunals impacting going concern NIL
status and company?s operations in future [TextBlock]
Details regarding adequacy of internal financial controls with Textual information (11)
reference to financial statements [TextBlock] [See below]
Disclosure of appointment and remuneration of managerial personnels Textual information (12)
Number of meetings of board 18
9
Disclosure in board of directors report explanatory [Text Block]
DIRECTORS' REPORT
To,
The Members,
Trendsutra Platform Services Private Limited
Your Directors are pleased to present the Fourth Annual Report along with the Audited Financial Statements of the Company for the financial
year ended 31st March, 2015.
1. FINANCIAL RESULTS
2013 - 2014
PARTICULARS 2014-2015
Amount (Rs.)
Total Income 253,009,882 75,569,166
Total Expenditure 1,135,448,428 376,362,082
Profit/ Loss Before Tax (882,438,546) (300,792,916)
Less: Provision for Taxation -
10
Current Tax -
Deferred tax liabilities -
Appropriation: Equity Dividend -
Profit Attributable to Shareholder's (882,438,546) (300,792,916)
EPS Basic (11.71) (19.38)
2. REVIEW OF OPERATIONS AND OVERALL PERFORMANCE
During the year under review, the Revenue from Operations increased to Rs. 253,009,882 as compared to Rs. 75,569,166/- in the previous year,
registering a 234.81% increase. The Loss for the year stands at Rs. 88,24,38,546 /-.
In continuation of the strategy to focus on market percolation in all the major cities while delivering customer satisfaction in the wholesale
rebranded goods business, your Company will continue to explore ancillary trade opportunities both in India and abroad. Your Directors are
optimistic about the performance for the year 2015-16 in the booming Indian economy.
3. CHANGE IN THE NATURE OF BUSINESS :
There is no Change in the nature of the business of the Company, done during the year.
4. EVENTS SUBSEQUENT TO THE DATE OF FINANCIAL STATEMENTS:
The material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which
this financial statements relate and on the date of this report are listed herein below:
Further allotment of 10,18,61,880 number of equity shares of Rs. 10 each, issued at par, to the existing shareholders on June 30, 2015.
11
5. DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILITY
INITIATIVES:
The provisions Corporate Social Responsibility is not applicable to the company.
6. RISK MANAGEMENT POLICY:
The Company has developed and implemented a risk management policy which identifies major risks which may threaten the existence of the
Company. The same has also been adopted by your Board and is also subject to its review from time to time. Risk mitigation process and
measures have been also formulated and clearly spelled out in the said policy.
7. DIVIDEND
In view of the losses, the Board does not recommend any dividend on Equity Shares for the financial year 2014-2015.
8. DIRECTORS
Mr. Kashyap Vadapalli was appointed as an Additional Director of the Company with effect from 1st September, 2014 and such appointment was
regularized by the shareholders in the 3rd (Third) Annual General Meeting of the Company, wherein he was appointed as an Executive Director
of the Company for a term of 3 years w.e.f 1st September 2014 to 31st August, 2017.
Ms. Anupama Vedantam resigned from the post of Director w.e.f 1st September, 2015, the Board of Directors accepted the same.
There is no change in the constitution of the Board of Directors since the date of last annual general meeting.
12
9. MEETINGS
18 (Eighteen) meetings of the Board of Directors were held during the financial year. The details are as follows:
10. COMPANY'S POLICY RELATING TO DIRECTORS APPOINTMENT, PAYMENT OF REMUNERATION AND DISCHARGE
OF THEIR DUTIES :
The provisions of Section 178(1) relating to constitution of Nomination and Remuneration Committee are not applicable to the Company.
11. AUDITORS' REPORT :
The Auditors' Report does not contain any qualification. Notes to Accounts and Auditors' remarks in their report are self-explanatory and do not
call for any future comments.
12. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186 :
The particulars of the loans, guarantees and investments made by the Company covered under the provisions of section 186 of the Companies
Act, 2013 are given in the notes to Financial Statements.
13. DIRECTOR'S RESPONSIBILITY STATEMENT
13
The Directors' Responsibility Statement referred to in clause (c) of Sub- section (3) of Section 134 of the Companies Act, 2013 shall
state that
1) In the preparation of the annual accounts for the financial year ended 31st March 2015, the applicable accounting standards have been
followed alongwith proper explanation relating to material departures.
2) The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that were
reasonable and prudent so as to give a true and fair view of the state of affairs of the Company for the year ended 31st March, 2015.
3) The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions
of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.
4) Final accounts are prepared on a going concern' basis for the year ended 31st March, 2015.
5) The Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively.
14. DEPOSITS
The Company has not accepted any deposits under section 73 or section 76 of the Companies Act, 2013 from the public during the year under
review.
15. AUDITORS AND AUDITORS REPORT
M/s. B S R and Co. LLP , Chartered Accountants (M.No. 101248W/W- 100022 ), Statutory Auditors of the Company, hold office till the
conclusion of the ensuing Annual General Meeting and are eligible for re-appointment.
The Auditors have furnished a certificate, confirming that if re-appointed for the financial year 2015- 2016, their re-appointment will be in
14
accordance with Section 139 read with Section 141 of the Companies Act, 2013. The Members are requested to consider their re-appointment as
the Statutory Auditors of the Company to hold office from the conclusion of 4th (Fourth) Annual General Meeting till the conclusion of 9th
(Ninth) Annual General Meeting to be held thereafter, subject to shareholders ratification of such appointment at every Annual General Meeting
to be held thereafter and authorize the Board of Directors to fix their remuneration.
The observations and comments given in the Auditors Report read together with the notes to the accounts are self-explanatory and do not
call for any further information and explanation under section 134(f) of the Companies Act, 2013.
16. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND
OUTGOING
Been an E-ecommerce and non-manufacturing entity, the Company does not engage in high energy consumption activities. In addition to the
same, the Company adopts all the energy conservation measures across all its offices. During the year under review, the foreign exchange out go
(expenditure) amounted to Rs. 4,85,21,165 and the foreign exchange earnings were nil.
17. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND
REDRESSAL) ACT, 2013
The company has in place a policy for prevention of sexual harassment in accordance with the requirements of the Sexual Harassment of women
at workplace (Prevention, Prohibition and Redressal) Act, 2013. Internal Complaints Committee has been set up to redress complaints received
regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy. The Company did not
receive any complain during the year 2014-15.
18. SHARE CAPITAL
" The Company allotted 5,25,22,637 Equity Shares on 6th June, 2014 and 3,21,39,400 Equity Shares on 3rd March, 2015 to existing
shareholders during the year under review"
19. HUMAN CAPITAL
The Directors acknowledge and appreciate the contribution of all employees towards the performance of the Company and believe that the
employees are the most valuable assets of the Company. The Company has a scalable recruitment and human resources management process.
15
20. PARTICULARS OF EMPLOYEES
In terms of provisions of Section 196, 197 and other related provisions pertaining to appointment and remuneration of the Managerial Personnel,
read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the details of remuneration of employee
drawing more than Rs. 60,00,000/- (Rupees Sixty Lakh Only) per annum is disclosed in Annexure 'B'.
21. Related Party Transactions as per Section 188 of the Companies Act, 2013
All transactions entered into with Related Parties by the Company during the year under review were transacted at arm's length price and in the
ordinary course of the business and that the provisions of section 188 of the Companies Act, 2013 are not attracted. Thus, disclosures in Form
AOC - 2 is not required.
The Company has disclosed the details of such transactions in the notes to Financial Statements.
22. Annual Return
Extract of the annual returm forms a part of the Boards' Report as Annexure - 'A'.
23. I nternal financial control:
The Company has in place adequate financial control with reference to financial statements. During the year such controls were tested and no
reportable material weaknesses in the finance operations were observed.
24. ACKNOWLEDGEMENTS
The Board wishes to place on record their sincere appreciation and gratitude to the various government authorities, bankers, customers, vendors,
16
shareholders and all other stakeholders for their continued co-operation and generous support. Your Directors would also like to take this
opportunity to express their appreciation for the dedicated efforts of the employees of the Company.
For and on behalf of the Board of Directors
For Trendsutra Platform Services Private Limited
Ambareesh Murthy Kashyap Vadapalli
Director Director
(DIN 03279054) (DIN 0696363)
Date: 28th September, 2015
Place: MUMBAI
17
Description of state of companies affair

The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that were reasonable and
prudent so as to give a true and fair view of the state of affairs of the Company for the year ended 31st March, 2015.
Details regarding energy conservation

Been an E-ecommerce & non-manufacturing entity, the Company does not engage in high energy consumption activities. In addition to the same,
the Company adopts all the energy conservation measures across all its offices.
Disclosures in director?s responsibility statement

DIRECTOR'S RESPONSIBILITY STATEMENT The Directors' Responsibility Statement referred to in clause (c) of Sub- section (3) of Section
134 of the Companies Act, 2013 shall state that 1) In the preparation of the annual accounts for the financial year ended 31st March 2015, the
applicable accounting standards have been followed alongwith proper explanation relating to material departures. 2) The Directors have selected
such accounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give a true
and fair view of the state of affairs of the Company for the year ended 31st March, 2015. 3) The Directors have taken proper and sufficient care
for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of
the Company and for preventing and detecting fraud and other irregularities. 4) Final accounts are prepared on a 'going concern' basis for the year
ended 31st March, 2015. 5) The Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that
such systems were adequate and operating effectively.
Details of material changes and commitment occurred during period affecting financial position of company
The material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which
this financial statements relate and on the date of this report are listed herein below: Further allotment of 10,18,61,880 number of equity shares of
Rs. 10 each, issued at par, to the existing shareholders on June 30, 2015.
18
Particulars of loans guarantee investment under section 186 [Text Block]

21. Disclosure pursuant to Section 186 of the Companies Act, 2013
a. Details of loan given
Name of the entity and relation with the

Terms and condition of the loan and purpose for which it will be utilized
Company
Trendsutra Client Services Private Limited, Unsecured loan given @ 12% for the purpose of meeting working capital requirement which
Fellow subsidiary is repayable on demand
b. Movement of loan during the financial year ended 31 March 2015 and 31 March 2014 is given below:
Name of the Party Financial year Opening balance Loan given Loan repaid Closing balance
Trendsutra Client Services Private Year ended 31 March

- 253,475,548 253,475,548 -
limited 2015
Year ended 31 March 2014 8,477,567 80,153,320 88,630,887 -
19
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
All transactions entered into with Related Parties by the Company during the year under review were transacted at arm's length price and in the
ordinary course of the business and that the provisions of section 188 of the Companies Act, 2013 are not attracted. Thus, disclosures in Form
AOC - 2 is not required.
The Company has disclosed the details of such transactions in the notes to Financial Statements.
20
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
Annexure A
Form No. MGT 9
EXTRACT OF ANNUAL RETURN as on financial year ended on 31.03.2015
Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Company (Management and Administration) Rules, 2014.
I. REGISTRATION and
OTHER DETAILS:
i CIN U74990MH2011PTC220126
ii Registration Date 25/07/2011
iii Name of the Company TrendSutra Platform Services Private Limited
Company Limited By Shares (Non Government

iv Category/Sub-category of the Company
Company)
Address of the Registered office 101, Ackruti Corporate Park, L. B. S.

v
and contact details Marg,Kanjurmarg (West), Mumbai-400078
vi Whether listed company No
Name, Address and contact details of the Registrar

vii __
and Transfer Agent, if any.
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
All the business activities contributing 10% or more of the total turnover of
the company shall be stated -
NIC Code % to total

Name and Description of main of the turnover
SL No
products/services Product of the
/service Company
21
1 Commission income 63122 92.57%
III. PARTICULARS OF HOLDING , SUBSIDIARY and

ASSOCIATE COMPANIES
HOLDING/
% OF
APPLICABLE
Name and Address of
SL No. CIN/GLN SUBSIDIARY/
the Company SHARES
SECTION
HELD
ASSOCIATE
Trendsutra Cyprus Not Holding

1 99.999991% 2(46)
Limited Applicable Company
IV. SHAREHOLDING
PATTERN (Equity Share
capital Break up as % to
total Equity)
No. of Shares No. of

change
held at the Shares held
Category of Shareholders during
beginning of at the end of
the year
the year the year
% of Total % of Total Number Change

Demat Physical Total Demat Physical Total
Shares Shares of Shares in (%)
A. Promoters
(1) Indian
a) Individual/HUF 0 1 1 0.000009% 0 1 1 0.000009% 0 0.00%
b) Central Govt. or State

0 0 0 0% 0 0 0 0% 0 0.00%
Govt.
c) Bodies Corporate 0 0 0 0 0 0 0 0 0 0
d) Bank/FI 0 0 0 0% 0 0 0 0% 0 0.00%
e) Any other 0 0 0 0% 0 0 0 0% 0 0.00%
SUB TOTAL:(A) (1) 0 1 1 0.000009% 0 1 1 0.000009% 0 0.00%
22
(2) Foreign
a) NRI- Individuals 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00%
b) Other Individuals 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00%
c) Bodies Corp. 0 29777524 29777524 99.999991% 0 114439561 114439561 99.999991% 84662037 73.98
d) Banks/FI 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00%
e) Any other 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00%
SUB TOTAL (A) (2) 0 29777524 29777524 99.999991% 0 114439561 114439561 99.999991% 84662037 73.98
Total Shareholding of
Promoter 0 29777525 29777525 100 0 114439562 114439562 100 84662037 73.98
(A)= (A)(1)+(A)(2)
B. PUBLIC
SHAREHOLDING
(1) Institutions
a) Mutual Funds 0 0 0 0.00% 0 0 0 0.00% 0 0.00%
b) Banks/FI 0 0 0 0.00% 0 0 0 0.00% 0 0.00%
C) Central Govt. 0 0 0 0.00% 0 0 0 0.00% 0 0.00%
d) State Govt. 0 0 0 0.00% 0 0 0 0.00% 0 0.00%
e) Venture Capital Fund 0 0 0 0.00% 0 0 0 0.00% 0 0.00%
f) Insurance Companies 0 0 0 0.00% 0 0 0 0.00% 0 0.00%
g) FIIS 0 0 0 0.00% 0 0 0 0.00% 0 0.00%
h) Foreign Venture Capital

0 0 0 0.00% 0 0 0 0.00% 0 0.00%
Funds
i) Others (specify) 0 0 0 0.00% 0 0 0 0.00% 0 0.00%
SUB TOTAL (B)(1): 0 0 0 0.00% 0 0 0 0.00% 0 0.00%
23
(2) Non Institutions
i) Indian 0 0 0 0% 0 0 0 0% 0 0.00%
ii) Overseas 0 0 0 0.00% 0 0 0 0.00% 0 0.00%
a) Bodies Corporate 0 0 0 0.00% 0 0 0 0.00% 0 0.00%
b) Individuals
i) Individual shareholders
holding nominal share 0 0 0 0.00% 0 0 0 0.00% 0 0.00%
capital upto Rs.1 lakhs
ii) Individuals
shareholders holding
0 0 0 0.00% 0 0 0 0.00% 0 0.00%
nominal share capital in
excess of Rs. 1 lakhs
c) Others (specify)
Clearing Member 0 0 0 0.00% 0 0 0 0.00% 0 0.00%
NRI(Repat) 0 0 0 0.00% 0 0 0 0.00% 0 0.00%
NRI( Non Repat) 0 0 0 0.00% 0 0 0 0.00% 0 0.00%
Hindu Undivided Family 0 0 0 0.00% 0 0 0 0.00% 0 0.00%
SUB TOTAL (B)(2): 0 0 0 0.00% 0 0 0 0.00% 0 0.00%
Total Public Shareholding

0 0 0 0.00% 0 0 0 0.00% 0 0.00
(B)= (B)(1)+(B)(2)
C. Shares held by
Custodian for GDRs and 0 0 0 0 0 0 0 0 0 0.00%
ADRs
Grand Total (A+B+C) 0 29777525 29777525 100 0 114439562 114439562 100 84662037 73.98
24
SHARE HOLDING
(ii)
OF PROMOTERS
Shareholding at the Shareholding at the % change in share

Sl. No. Shareholders Name
beginning of the year end of the year holding during the year
% of shares
% of shares pledged
No. of % of total shares % of total shares pledged
encumbered to total No. of shares
shares of the company of the company encumbered to
shares
total shares
Trendsutra Cyprus 99.999991

1 29777524 99.999991 % 0% 114439561 0% 73.98%
Limited %
99.999991
Total 29777524 99.999991 % 0% 114439561 0% 73.98%
%
CHANGE IN PROMOTERS' SHAREHOLDING (

(iii)
SPECIFY IF THERE IS NO CHANGE)
Share holding at the Cumulative Share holding

Sl. No. Particulars
beginning of the Year during the year
No. of % of total shares of the

% of total shares of the company No. of shares
Shares company
1 Trendsutra Cyprus Limited
99.999991
At the beginning of the year 29777524 99.999991 % 29777524
%
06/06/2014 - Increase in shareholding due to right issue 99.999991

52522637 45.9 82300161
of shares %
25
03/03/2015 - Increase in shareholding due to right issue 99.999991

32139400 28.08 114439561
of shares %
99.999991
At the end of the year 114439561 99.999991 % 114439561
%
Shareholding Pattern of top ten Shareholders (other than Directors,

(iv)
Promoters and Holders of GDRs and ADRs)
Shareholding at Cumulative
Sl. No For Each of the Top 10 Shareholders the end of the Shareholding
year during the year
No. of % of total shares of

% of total shares of the company No of shares
shares the company
1 Trendsutra Cyprus Limited
99.999991
At the beginning of the year 29777524 99.999991 % 29777524
%
99.999991
06/06/2014 - Increase in shareholding due to right issue of shares 52522637 45.9 82300161
%
99.999991
03/03/2015 - Increase in shareholding due to right issue of shares 32139400 28.08 114439561
%
99.999991
At the end of the year 114439561 99.999991 % 114439561
%
2 Ambareesh Murty
At the beginning of the year 1 0.000009% 1 0.000009%
Date wise increase/decrease in Promoters Share holding during the year

specifying the reasons for increase/decrease (e.g. Nil NIL Nil NIL
allotment/transfer/bonus/sweat equity etc)
At the end of the year 1 0.000009% 1 0.000009%
For Each of the Directors and Shareholding at the end of the Cumulative Shareholding during the
26
Sl. No KMP year year
No. of
% of total shares of the company No. of shares % of total shares of the company
shares
1 Mr. Ambareesh Murty 1 0.000009% 1 0.000009%
2 Mr. Kashyap Vadapalli NIL NIL NIL NIL
TOTAL 1 0.000009% 1 0.000009%
INDEBTEDNESS
V.
:
Indebtedness of the Company including interest outstanding/accrued but not due for
payment
Secured Loans Unsecured

Total
excluding Deposits
Indebtedness
deposits Loans
Indebtness at the beginning of the financial year
i) Principal Amount Nil 3600000 Nil 3600000
ii) Interest due but not paid Nil Nil Nil Nil
iii) Interest accrued but not due Nil Nil Nil Nil
Total (i+ii+iii) Nil 3600000 Nil 3600000
Change in Indebtedness during the financial year
Additions Nil 4400000 Nil 4400000
Reduction Nil 8000000 Nil 8000000
Net Change Nil 3600000 Nil 3600000
Indebtedness at the end of the financial year
i) Principal Amount Nil Nil Nil Nil
27
ii) Interest due but not paid Nil Nil Nil Nil
iii) Interest accrued but not due Nil Nil Nil Nil
Total (i+ii+iii) Nil Nil Nil Nil
REMUNERATION OF DIRECTORS AND KEY

VI.
MANAGERIAL PERSONNEL :
Remuneration to Managing Director, Whole time director

A.
and/or Manager:
Sl. Name of the

Particulars of Remuneration Total Amount
No. MD/WTD/Manager
Anupama Vedantta
Kashyap
1 Gross salary Ambareesh Murty
Vadapalli (Resigned as on
01/09/2014)
63,57,518 34,84,900 4,13,934 1,02,56,352

(a) Salary as per provisions contained in section 17(1) of the
Income Tax. 1961.
(b) Value of perquisites u/s 17(2) of the Income tax Act, 1961 0 0 0 0
(c ) Profits in lieu of salary under section 17(3) of the Income

0 0 0 0
Tax Act, 1961
2 Stock option 0 0 0 0
3 Sweat Equity 0 0 0 0
4 Commission as % of profit 0 0 0 0
Others(Medical and LTA reimbursement and Provision for

5 8,80,131 6,00,000 17639 14,97,770
bonus)
Total (A) 72,37,649 40,84,900 4,31,573 1,17,54,122
Ceiling as per the Act NA NA NA NA
28
B. Remuneration to other directors:
Name of Director
The Company has not appointed any Independent Director
Sl. No Particulars of Remuneration
1 Independent Directors
(a) Fee for attending board committee meetings
(b) Commission
(c ) Others, please specify
Total (1)
2 Other Non Executive Directors
(a) Fee for attending board committee meetings The Company has not appointed any Non - executive Director
(b) Commission
(c) Others, please specify.
Total (2)
Total (B)=(1+2)
Total Managerial Remuneration
Overall Ceiling as per the Act.
29
REMUNERATION TO KEY MANAGERIAL

C.
PERSONNEL OTHER THAN MD/MANAGER/WTD
Key
Sl.
Particulars of Remuneration Managerial
No.
Personnel
Company
1 Gross Salary CEO CFO
Secretary
Rashmi Savita
Archana Lipare (from
Name (13/10/2014 to
01/08/2014 to 26/09/2014)
25/03/2015)
385408
Income Tax Act, 1961.
NA NA
1,59,344
(b) Value of perquisites u/s 17(2) of the Income Tax Act,

NA NA NA NA
1961

NA NA NA NA
Tax Act, 1961
2 Stock Option NA NA NA NA
3 Sweat Equity NA NA NA NA
4 Commission as % of profit NA NA NA NA
5 Others, please specify NA NA NA NA
Total NA 1,59,344 385408 NA
PENALTIES/PUNISHMENT/COMPOUNDING
VII
OF OFFENCES
30
Appeal
Details of made
Brief Authority
Type Section of the Companies Act Penalty/Punishment/Compounding if any
Description (RD/NCLT/Court)
fees imposed (give
details)
A. COMPANY
Penalty Nil
Punishment
Compounding
B. DIRECTORS
Penalty Nil
Punishment
Compounding
C. OTHER
OFFICERS IN
DEFAULT
Penalty Nil
Punishment
Compounding
31
Disclosure of statement on development and implementation of risk management policy [Text Block]
1. RISK MANAGEMENT POLICY:
The Company has developed and implemented a risk management policy which identifies major risks which may threaten the existence of the
Company. The same has also been adopted by your Board and is also subject to its review from time to time. Risk mitigation process and
measures have been also formulated and clearly spelled out in the said policy.
Disclosure of financial summary or highlights [Text Block]

1. FINANCIAL RESULTS
2013 - 2014
PARTICULARS 2014-2015
Amount (Rs.)
Total Income 253,009,882 75,569,166
Total Expenditure 1,135,448,428 376,362,082
Profit/ Loss Before Tax (882,438,546) (300,792,916)
Less: Provision for Taxation -
Current Tax -
Deferred tax liabilities -
Appropriation: Equity Dividend -
Profit Attributable to Shareholder's (882,438,546) (300,792,916)
EPS Basic (11.71) (19.38)
32
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
I nternal financial control:
The Company has in place adequate financial control with reference to financial statements. During the year such controls were tested and no
reportable material weaknesses in the finance operations were observed.
33
Disclosure of appointment and remuneration of managerial personnels [Text Block]
Remuneration to Managing Director, Whole time director

A.
and/or Manager:
Sl. Name of the

Particulars of Remuneration Total Amount
No. MD/WTD/Manager
Anupama Vedantta
Kashyap
1 Gross salary Ambareesh Murty
Vadapalli (Resigned as on
01/09/2014)
63,57,518 34,84,900 4,13,934 1,02,56,352

Income Tax. 1961.
(b) Value of perquisites u/s 17(2) of the Income tax Act,

0 0 0 0
1961
(c ) Profits in lieu of salary under section 17(3) of the

0 0 0 0
Income Tax Act, 1961
2 Stock option 0 0 0 0
3 Sweat Equity 0 0 0 0
4 Commission as % of profit 0 0 0 0
Others(Medical and LTA reimbursement and Provision for

5 8,80,131 6,00,000 17639 14,97,770
bonus)
Total (A) 72,37,649 40,84,900 4,31,573 1,17,54,122
Ceiling as per the Act NA NA NA NA
B. Remuneration to other directors:
Name of Director
The Company has not appointed any Independent Director
34
Sl. No
Particulars of Remuneration
REMUNERATION TO KEY MANAGERIAL

C.
PERSONNEL OTHER THAN MD/MANAGER/WTD
Key
Sl.
Particulars of Remuneration Managerial
No.
Personnel
Company
1 Gross Salary CEO CFO
Secretary
Rashmi Savita
Archana Lipare (from
Name (13/10/2014 to
01/08/2014 to 26/09/2014)
25/03/2015)
385408
Income Tax Act, 1961.
NA NA
1,59,344
(b) Value of perquisites u/s 17(2) of the Income Tax Act,

NA NA NA NA
1961

NA NA NA NA
Tax Act, 1961
2 Stock Option NA NA NA NA
3 Sweat Equity NA NA NA NA
4 Commission as % of profit NA NA NA NA
5 Others, please specify NA NA NA NA
Total NA 1,59,344 385408 NA
35
[400200] Disclosures - Auditors report
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's Clause not
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark applicable
[Member] [Member]
01/04/2014 01/04/2014
to to
31/03/2015 31/03/2015
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in
auditors' report [LineItems]
Disclosure in auditors report relating to fixed assets As per below
The Company has
maintained proper
records showing full
Disclosure relating to quantitative details of fixed assets particulars, including
quantitative details
and situation of fixed
assets;
Disclosure relating to physical verification and material discrepancies of fixed Textual information
assets (13) [See below]
Textual information
Disclosure in auditors report relating to inventories (14) [See below]
Disclosure of physical verification of inventories at fixed intervals NA
Disclosure of procedure followed for physical verification of inventories NA
Disclosure about maintenance of inventory records and material discrepancies NA
Textual information
Disclosure in auditors report relating to loans (15) [See below]
Disclosure about loans granted to parties covered under section 189 of companies
NA
act
Disclosure regarding receipt of loans granted NA
Disclosure regarding terms of recovery of loans granted NA
Textual information
Disclosure in auditors report relating to internal control system (16) [See below]
Textual information
Disclosure in auditors report relating to deposits accepted (17) [See below]
As informed to us by
the management, the
Central Government
has not prescribed
the maintenance of
Disclosure in auditors report relating to maintenance of cost records cost records section
148 (1) of the Act
for any of the
services / activities
rendered by the
Company.
Disclosure in auditors report relating to statutory dues [TextBlock] As per below
Disclosure relating to regularity in payment of undisputed statutory dues Textual information

[TextBlock] (18) [See below]
Textual information
Disclosure relating to disputed statutory dues [TextBlock] (19) [See below]
Disclosure relating to amount required to be transferred to investor education Textual information
and protection fund (20) [See below]
The company has
been in existence for
a period less than
five years and,
Disclosure in auditors report relating to accumulated losses accordingly,
paragraph 3(viii) of
the Order is not
applicable to the
Company.
36
In our opinion and

according to the
information and
explanations given
to us, the Company
did not have any
Disclosure in auditors report relating to default in repayment of financial dues outstanding dues to
any financial
institutions, banks
a n d
debenture-holders
during the year.
In our opinion and
according to the
information and
explanation given to
us, the Company has
Disclosure in auditors report relating to guarantee given not given any
guarantee for loans
taken by others by
others from bank or
financials
institutions.
In our opinion and
according to the
information and
explanations given
Disclosure in auditors report relating to term loans used for purpose other than
to us, the company
for purpose they were raised did not have any
term loan
outstanding during
the year.
According to the
information and
explanations given
to us, no material
Disclosure in auditors report relating to any material fraud reported during period fraud on or by the
Company has been
noticed or reported
during the year.
Details regarding auditors [Table] ..(1)

Auditors [Axis] aud1
01/04/2014
to
31/03/2015
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Name of audit firm B S R &Co LLP
MEHRA RAJESH
Name of auditor signing report RAMESH
101248W /
Firms registration number of audit firm W-100022
Membership number of auditor 103145
1St Floor, Lodha
Excelus, Apollo
Address of auditors Mills Compound,N
M Joshi Marg,
Mahalaxmi
Permanent account number of auditor or auditor's firm AAAFB9852F
SRN of form ADT-1 S38242756
Date of signing audit report by auditors 28/09/2015
Date of signing of balance sheet by auditors 28/09/2015

01/04/2014
to
31/03/2015
Disclosure in auditor?s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
37
Disclosure relating to physical verification and material discrepancies of fixed assets

The Company has a regular programme of physical verification of its fixed assets by which all fixed assets are over a period of two years. In our
opinion, this periodicity of physical verification is reasonable having regard to the size of the Company and the nature of its assets. No material
discrepancies were noticed on such verification during the year.
Disclosure in auditors report relating to inventories

The Company is a service company, primarily rendering online sales platform services. Accordingly, it does not hold any physical inventories.
Therefore, the provisions of paragraph 3(ii) of the said Order is not applicable to the Company.
Disclosure in auditors report relating to loans

According to the information and explanations given to us, the Company has not granted any loans, secured or unsecured, to companies, firms or
other parties covered in the register maintained under Section 189 of the Act. Therefore, the provisions of Clause 3(iii) of the Order are not
applicable to the Company.
Disclosure in auditors report relating to internal control system

In our opinion and according to the information and explanations given to us, there is an adequate internal control system commensurate with the
size of the Company and nature of its business with regards to purchase of fixed assets and sale of services. The activities of the Company do not
involve purchase of inventory and sale of goods. In our opinion and according to information and explanations given to us, there is no continuing
failure to correct major weakness in the internal control system.
Disclosure in auditors report relating to deposits accepted

In our opinion and according to information and explanations given to us, the Company has not accepted deposits as per the directives issued by
Reserve Bank of India under provisions of Section 73 to 76 or any other relevant provisions of the Act and the rules framed there under.
Accordingly, paragraph (v) of the Order is not applicable to the Company.
Disclosure relating to regularity in payment of undisputed statutory dues [Text Block]

According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts deducted
/accrued in the books of account in respect of undisputed statutory dues including Provident fund, Cess, Profession tax and other material
statutory dues have been generally regularly deposited during the year with the appropriate authorities except in case of tax deducted at source
and Service tax where there have been delays in number of cases (which have been regularised by the year-end). As explained to us, the Company
did not have any dues on account of Employees' state insurance, Sales tax, Wealth tax, duty of customs and excise duty.
According to the information and explanations given to us, no undisputed amounts payable in respect of Provident Fund, Income tax, Service tax,
Cess, Profession tax and other material statutory dues were in arrears as at the 31 March 2015 for a period of more than six months from the date
they became payable.
38
Disclosure relating to disputed statutory dues [Text Block]

According to the information and explanations given to us, there are no dues of Income tax, Service tax and Cess which have not been deposited
with the appropriate authorities on account of any dispute.
Disclosure relating to amount required to be transferred to investor education and protection fund
According to the information and explanations given to us, there are no dues which were required to be transferred to the Investor Education and
Protection Fund in accordance with the relevant provisions of the Companies Act, 1956 (1 of 1956) and rules made thereunder.
39
Disclosure in auditor?s report explanatory [Text Block]

Independent Auditor's report
To the Members of
Report on the financial statements
We have audited the accompanying financial statements of Trendsutra Platform Services Private Limited ('the Company'), which comprise the
Balance Sheet as at 31 March 2015, the Statement of Profit and Loss, the Cash Flow Statement for the year then ended, and a summary of
significant accounting policies and other explanatory information.
Management's responsibility for the financial statements
The Company's Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 ('the Act') with respect to
preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the
Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section
133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes maintenance of adequate accounting
records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and
other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent;
and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and
completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and
are free from material misstatement, whether due to fraud or error.
Auditor's responsibility
Our responsibility is to express an opinion on these financial statements based on our audit.
We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the
audit report under the provisions of the Act and the Rules made thereunder.
We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that
we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are
free from material misstatement.
Independent Auditor's Report (Continued)
Auditor's responsibility (Continued)
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures
selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due
to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Company's preparation of the
financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on whether the Company has in place an adequate internal financial controls system over financial reporting and
the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of the accounting policies used and the
reasonableness of the accounting estimates made by the Company's Directors, as well as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
40
Opinion
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the
information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally
accepted in India of the state of affairs of the Company as at 31 March 2015 and its loss and its cash flows for the year ended on that date.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor's Report) Order, 2015 ('the Order') issued by the Central Government of India in terms of
sub-section (11) of Section 143 of the Act, we give in the Annexure a statement on the matters specified in paragraphs 3 and 4 of the Order, to the
extent applicable.
2. As required by Section 143(3) of the Act, we report that:
a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purpose of our audit;
b) In our opinion proper books of account as required by law have been kept by the Company so far as appears from our examination of
those books;
c) The Balance Sheet, the Statement of Profit and Loss, and the Cash Flow Statement dealt by this Report are in agreement with the books
of account;
d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read
with Rule 7 of the Companies (Accounts) Rules, 2014 ;
Independent Auditor's report (Continued)
Report on Other Legal and Regulatory Requirements (Continued)
e) On the basis of the written representations received from the directors of the Company as on 31 March 2015, and taken on
record by the Board of Directors, none of the directors is disqualified as on 31 March 2015, from being appointed as a director in terms of Section
164 (2) of the Act;
f) With respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors)
Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
i. The Company has disclosed the impact of pending litigations on the financial position in its financial statements - Refer Note 21 to the financial
statements;
ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses;
iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company .
41
For B S R and Co. LLP
Chartered Accountants
Firm's Registration No: 101248W/ W- 100022
Rajesh Mehra
28 September 2015 Partner
Mumbai Membership No: 103145
Annexure to the Independent Auditor's Report - 31 March 2015
(Referred to in our report of even date)
1. (a) The Company has maintained proper records showing full particulars, including quantitative details and situation of fixed
assets;
(b) The Company has a regular programme of physical verification of its fixed assets by which all fixed assets are over a period of two
years. In our opinion, this periodicity of physical verification is reasonable having regard to the size of the Company and the nature of its assets.
No material discrepancies were noticed on such verification during the year.
2. The Company is a service company, primarily rendering online sales platform services. Accordingly, it does not hold any physical
inventories. Therefore, the provisions of paragraph 3(ii) of the said Order is not applicable to the Company.
42
3. According to the information and explanations given to us, the Company has not granted any loans, secured or unsecured, to companies,
firms or other parties covered in the register maintained under Section 189 of the Act. Therefore, the provisions of Clause 3(iii) of the Order are
not applicable to the Company.
4. In our opinion and according to the information and explanations given to us, there is an adequate internal control system
commensurate with the size of the Company and nature of its business with regards to purchase of fixed assets and sale of services. The activities
of the Company do not involve purchase of inventory and sale of goods. In our opinion and according to information and explanations given to
us, there is no continuing failure to correct major weakness in the internal control system.
5. In our opinion and according to information and explanations given to us, the Company has not accepted deposits as per the directives
issued by Reserve Bank of India under provisions of Section 73 to 76 or any other relevant provisions of the Act and the rules framed there under.
Accordingly, paragraph (v) of the Order is not applicable to the Company.
6. As informed to us by the management, the Central Government has not prescribed the maintenance of cost records section 148 (1) of the
Act for any of the services / activities rendered by the Company.
7. (a) According to the information and explanations given to us and on the basis of our examination of the records of the
Company, amounts deducted /accrued in the books of account in respect of undisputed statutory dues including Provident fund, Cess, Profession
tax and other material statutory dues have been generally regularly deposited during the year with the appropriate authorities except in case of tax
deducted at source and Service tax where there have been delays in number of cases (which have been regularised by the year-end). As explained
to us, the Company did not have any dues on account of Employees' state insurance, Sales tax, Wealth tax, duty of customs and excise duty.
According to the information and explanations given to us, no undisputed amounts payable in respect of Provident Fund, Income tax, Service tax,
Cess, Profession tax and other material statutory dues were in arrears as at the 31 March 2015 for a period of more than six months from the date
they became payable.
Annexure to the Independent Auditor's Report 31 March 2015 (Continued)
(b) According to the information and explanations given to us, there are no dues of Income tax, Service tax and Cess which have not been
deposited with the appropriate authorities on account of any dispute.
(c) According to the information and explanations given to us, there are no dues which were required to be transferred to the Investor
Education and Protection Fund in accordance with the relevant provisions of the Companies Act, 1956 (1 of 1956) and rules made thereunder.
8. The company has been in existence for a period less than five years and, accordingly, paragraph 3(viii) of the Order is not applicable
to the Company.
9. In our opinion and according to the information and explanations given to us, the Company did not have any outstanding dues to
any financial institutions, banks and debenture-holders during the year.
43
10. In our opinion and according to the information and explanation given to us, the Company has not given any guarantee for loans
taken by others by others from bank or financials institutions.
11. In our opinion and according to the information and explanations given to us, the company did not have any term loan outstanding
during the year.
12. According to the information and explanations given to us, no material fraud on or by the Company has been noticed or reported
during the year.
For B S R and Co. LLP
Chartered Accountants
Firm's Registration No: 101248W/ W- 100022
Rajesh Mehra
28 September 2015 Partner
Mumbai Membership No: 103145
[400500] Disclosures - Secretarial audit report

01/04/2014
to
31/03/2015
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
44
[100100] Balance sheet

31/03/2015 31/03/2014
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 114,43,95,620 29,77,75,250
Reserves and surplus -114,32,52,620 -31,19,08,611
Total shareholders' funds 11,43,000 -1,41,33,361
Share application money pending allotment 0 0
Non-current liabilities [Abstract]
Long-term borrowings 0 0
Other long-term liabilities 1,04,27,952 0
Long-term provisions 60,03,255 24,23,389
Total non-current liabilities 1,64,31,207 24,23,389
Current liabilities [Abstract]
Short-term borrowings 0 36,00,000
Trade payables (A) 18,05,32,429 (B) 3,06,30,006

Other current liabilities 8,89,72,734 3,99,05,637
Short-term provisions 3,29,386 1,67,131
Total current liabilities 26,98,34,549 7,43,02,774
Total equity and liabilities 28,74,08,756 6,25,92,802
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 4,18,23,660 63,11,015
Intangible assets 38,84,787 65,397
Tangible assets capital work-in-progress 72,95,120 0
Intangible assets under development or work-in-progress 61,66,271 0
Total fixed assets 5,91,69,838 63,76,412
Non-current investments 0 0
Long-term loans and advances 6,23,71,193 1,27,71,255
Other non-current assets 0 0
Total non-current assets 12,15,41,031 1,91,47,667
Current assets [Abstract]
Current investments 0 0
Inventories 0 0
Trade receivables 24,37,245 22,83,429
Cash and bank balances 30,78,775 4,46,876
Short-term loans and advances 16,03,51,705 4,07,14,830
Total current assets 16,58,67,725 4,34,45,135
Total assets 28,74,08,756 6,25,92,802
Footnotes
(A) Dues to MSE 358776 Dues to other than MSE 180173653
(B) For goods and services received
45
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] DIR1 DIR2
01/04/2014 01/04/2014
to to
31/03/2015 31/03/2015
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
First name of director AMBARESH KASHYAP
Middle name of director A
Last name of director MURTY VADAPALLI
Designation of director Director Director
Director identification number of director 03279054 06963638
Date of signing of financial statements by director 28/09/2015 28/09/2015

01/04/2014
to
31/03/2015
Name of company secretary SHEETAL ANGCHEKAR
Date of signing of financial statements by company secretary 28/09/2015
46
[100400] Cash flow statement, indirect

01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax -88,24,38,546 -30,07,92,916
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs 11,43,332 6,25,723
Adjustments for depreciation and amortisation expense 1,76,50,422 1,04,09,665
Adjustments for dividend income 1,31,29,779 13,80,498
Adjustments for share-based payments 5,17,75,618 5,22,25,160
Other adjustments for which cash effects are investing or
-19,70,832 -21,21,519
financing cash flow
Other adjustments to reconcile profit (loss) -19,47,901 -46,81,275
Other adjustments for non-cash items 2,22,764 11,81,707
Total adjustments to profit (loss) 5,37,43,624 5,62,58,963
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in other current assets -13,44,51,084 -1,53,29,074
Adjustments for increase (decrease) in trade payables 21,24,58,512 93,26,576
Total adjustments for working capital 7,80,07,428 -60,02,498
Total adjustments for reconcile profit (loss) 13,17,51,052 5,02,56,465
Net cash flows from (used in) operations -75,06,87,494 -25,05,36,451
Income taxes (paid) refund 3,32,14,408 1,26,56,778
Net cash flows from (used in) operating activities before extraordinary
-78,39,01,902 -26,31,93,229
items
Net cash flows from (used in) operating activities -78,39,01,902 -26,31,93,229
Cash flows from used in investing activities [Abstract]
Other cash receipts from sales of equity or debt instruments of other
70,55,29,779 17,16,28,013
entities
Other cash payments to acquire equity or debt instruments of other
70,55,29,779 13,39,30,695
entities
Proceeds from sales of tangible assets 0 1,19,000
Purchase of tangible assets 7,04,43,849 4,52,580
Dividends received 1,31,29,779 13,80,498
Interest received 19,70,832 21,18,396
Other inflows (outflows) of cash (A) 0

(B) 94,77,567
Net cash flows from (used in) investing activities before extraordinary
-5,53,43,238 5,03,40,199
items
Net cash flows from (used in) investing activities -5,53,43,238 5,03,40,199
Cash flows from used in financing activities [Abstract]
Proceeds from issuing shares 84,66,20,370 18,49,14,630
Proceeds from borrowings 0 36,00,000
Repayments of borrowings 36,00,000 0
Interest paid 11,43,331 6,25,723
Other inflows (outflows) of cash (C) 0 (D) 0
Net cash flows from (used in) financing activities before extraordinary
84,18,77,039 18,78,88,907
items
Net cash flows from (used in) financing activities 84,18,77,039 18,78,88,907
Net increase (decrease) in cash and cash equivalents before effect of
26,31,899 -2,49,64,123
exchange rate changes
Net increase (decrease) in cash and cash equivalents 26,31,899 -2,49,64,123
Cash and cash equivalents cash flow statement at end of period 30,78,775 4,46,876
47
Footnotes
(A) Movement in fixed deposits (due to mature after 12 months) 0 Inter-corporate deposit given -253475548 Receipt of inter-corporate
deposit given 253475548
(B) Movement in fixed deposits (due to mature after 12 months- 1000000 Inter-corporate deposit given -80153320 Receipt of
inter-corporate deposit given 88630887
(C) Proceeds from inter-corporate deposit taken 143783480 Repayment of inter-corporate deposit taken -143783480
(D) Proceeds from inter-corporate deposit taken 3144978 Repayment of inter-corporate deposit taken -3144978
[200100] Notes - Share capital
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Equity shares
Classes of share capital [Axis] Equity shares 1 [Member]
[Member]
Shareholder 1
Name of shareholder [Axis] Shareholder 1 [Member]
[Member]
01/04/2014 01/04/2013
31/03/2014 to to
31/03/2015 31/03/2014
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company
[LineItems]
Type of share EQUITY Ordinary
TRENDSUTRA Trendsutra Cyprus
Name of shareholder CYPRUS LIMITED Limited
Country of incorporation or residence of shareholder CYPRUS CYPRUS
[shares]
Number of shares held in company [shares] 2,97,77,525 [shares] 11,44,39,562
2,97,77,525
Percentage of shareholding in company 100.00% 100.00%
48
Disclosure of classes of share capital [Table] ..(1)

Classes of share capital [Axis] Share capital [Member] Equity shares [Member]
01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
[shares] [shares]
Number of shares authorised 15,00,00,000
[shares] 3,00,00,000
15,00,00,000
[shares] 3,00,00,000
Value of shares authorised 150,00,00,000 30,00,00,000 150,00,00,000 30,00,00,000

[shares] [shares]
Number of shares issued 11,44,39,562
[shares] 2,97,77,525
11,44,39,562
[shares] 2,97,77,525
Value of shares issued 114,43,95,620 29,77,75,250 114,43,95,620 29,77,75,250

[shares] [shares]
Number of shares subscribed and fully paid 11,44,39,562
[shares] 2,97,77,525
11,44,39,562
[shares] 2,97,77,525
Value of shares subscribed and fully paid 114,43,95,620 29,77,75,250 114,43,95,620 29,77,75,250
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0 0
[shares] [shares]
Total number of shares subscribed 11,44,39,562
[shares] 2,97,77,525
11,44,39,562
[shares] 2,97,77,525
Total value of shares subscribed 114,43,95,620 29,77,75,250 114,43,95,620 29,77,75,250

Value of shares paid-up [Abstract]
[shares] [shares]
Number of shares paid-up 11,44,39,562
[shares] 2,97,77,525
11,44,39,562
[shares] 2,97,77,525
Value of shares called 114,43,95,620 29,77,75,250 114,43,95,620 29,77,75,250

Calls unpaid [Abstract]
Calls unpaid by directors and officers
[Abstract]
Calls unpaid by directors 0 0 0 0
Calls unpaid by officers 0 0 0 0
Total calls unpaid by directors and
0 0 0 0
officers
Calls unpaid by others 0 0 0 0
Total calls unpaid 0 0 0 0
Forfeited shares 0 0 0 0
Forfeited shares reissued 0 0 0 0
Value of shares paid-up 114,43,95,620 29,77,75,250 114,43,95,620 29,77,75,250
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0 [shares] 0 [shares] 0
Number of shares issued in other private
[shares] 0 [shares] 0 [shares] 0 [shares] 0
placement
Number of shares issued as other
preferential allotment
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares [shares] 8,46,62,037 [shares] 1,84,91,463 [shares] 8,46,62,037 [shares] 1,84,91,463
Number of other issue of shares
arising out of conversion of [shares] 0 [shares] 0 [shares] 0 [shares] 0
securities
Total aggregate number of shares issued
[shares] 8,46,62,037 [shares] 1,84,91,463 [shares] 8,46,62,037 [shares] 1,84,91,463
during period
Decrease in number of shares during period
[Abstract]
Number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0 [shares] 0
49
Total decrease in number of shares during

period
Total increase (decrease) in number of
[shares] 8,46,62,037 [shares] 1,84,91,463 [shares] 8,46,62,037 [shares] 1,84,91,463
shares outstanding
[shares] [shares]
Number of shares outstanding at end of period 11,44,39,562
[shares] 2,97,77,525
11,44,39,562
[shares] 2,97,77,525
Reconciliation of value of shares outstanding

[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0 0
Amount of bonus issue during period 0 0 0 0
Amount of rights issue during period 0 0 0 0
Amount of other private placement issue
0 0 0 0
during period
Amount of other preferential allotment
0 0 0 0
issue during period
Amount of issue allotted for
contracts without payment 0 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0 0
amalgamation during period
Amount of other issues during period 84,66,20,370 18,49,14,630 84,66,20,370 18,49,14,630
Amount of other issue arising out of
conversion of securities during 0 0 0 0
period
Total aggregate amount of increase in
84,66,20,370 18,49,14,630 84,66,20,370 18,49,14,630
share capital during period
Decrease in share capital during period
[Abstract]
Decrease in amount of shares bought back 0 0 0 0
Other decrease in amount of shares 0 0 0 0
Total decrease in share capital during
0 0 0 0
period
Total increase (decrease) in share capital 84,66,20,370 18,49,14,630 84,66,20,370 18,49,14,630
Share capital at end of period 114,43,95,620 29,77,75,250 114,43,95,620 29,77,75,250
The Company has a The Company has a
The Company has a The Company has a
single class of equity single class of equity
single class of equity single class of equity
shares. Accordingly, shares. Accordingly,
shares. Accordingly, shares. Accordingly,
Rights preferences and restrictions attaching all equity shares all equity shares
all equity shares rank all equity shares rank
to class of share capital rank equally with rank equally with
equally with regard to equally with regard to
regard to dividend regard to dividend
dividend and share in dividend and share in
and share in the and share in the
the Companyb the Companyb
Companyb Companyb
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 2,97,77,525 [shares] 2,97,77,525 [shares] 2,97,77,525 [shares] 2,97,77,525
Shares in company held by ultimate holding
company
Shares in company held by subsidiaries of its
holding company
Shares in company held by subsidiaries of its
ultimate holding company
Shares in company held by associates of its
holding company
Shares in company held by associates of its
ultimate holding company
Total shares in company held by holding company
or ultimate holding company or by its [shares] 2,97,77,525 [shares] 2,97,77,525 [shares] 2,97,77,525 [shares] 2,97,77,525
subsidiaries or associates
Shares reserved for issue under options
and contracts or commitments for sale of [shares] 0 [shares] 0 [shares] 0 [shares] 0
shares or disinvestment
Amount of shares reserved for issue under options
and contracts or commitments for sale of shares or 0 0 0 0
disinvestment
Aggregate number of fully paid-up shares
issued pursuant to contracts without [shares] 0 [shares] 0 [shares] 0 [shares] 0
payment being received in cash
50
Aggregate number of fully paid-up shares

issued by way of bonus shares
Aggregate number of shares bought back [shares] 0 [shares] 0 [shares] 0 [shares] 0
Original paid-up value of forfeited shares 0 0 0 0
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Application money received for
allotment of securities and due for 0 0 0 0
refund, principal
Application money received for
allotment of securities and due for 0 0 0 0
refund, interest accrued
Total application money received for
allotment of securities and due for refund 0 0 0 0
and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0 [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0 0 0
51
Disclosure of classes of share capital [Table] ..(2)

Classes of share capital [Axis] Equity shares 1 [Member]
01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Type of share Equity Equity
[shares]
Number of shares authorised 15,00,00,000
[shares] 3,00,00,000
Value of shares authorised 150,00,00,000 30,00,00,000

[shares]
Number of shares issued 11,44,39,562
[shares] 2,97,77,525
Value of shares issued 114,43,95,620 29,77,75,250

[shares]
Number of shares subscribed and fully paid 11,44,39,562
[shares] 2,97,77,525
Value of shares subscribed and fully paid 114,43,95,620 29,77,75,250

Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
[shares]
Total number of shares subscribed 11,44,39,562
[shares] 2,97,77,525
Total value of shares subscribed 114,43,95,620 29,77,75,250

Value of shares paid-up [Abstract]
[shares]
Number of shares paid-up 11,44,39,562
[shares] 2,97,77,525
Value of shares called 114,43,95,620 29,77,75,250

Calls unpaid [Abstract]
Calls unpaid by directors and officers [Abstract]
Calls unpaid by directors 0 0
Calls unpaid by officers 0 0
Total calls unpaid by directors and officers 0 0
Calls unpaid by others 0 0
Total calls unpaid 0 0
Forfeited shares 0 0
Forfeited shares reissued 0 0
Value of shares paid-up 114,43,95,620 29,77,75,250
Par value per share [shares] 10 [shares] 10
Amount per share called in case shares not fully called [shares] 0 [shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0
Number of shares issued as rights [shares] 0 [shares] 0
Number of shares issued in other private placement [shares] 0 [shares] 0
Number of shares issued as other preferential allotment [shares] 0 [shares] 0
Number of shares allotted for contracts without payment received in cash [shares] 0 [shares] 0
Number of shares issued under scheme of amalgamation [shares] 0 [shares] 0
Number of other issues of shares [shares] 8,46,62,037 [shares] 1,84,91,463
Number of other issue of shares arising out of conversion of securities [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 8,46,62,037 [shares] 1,84,91,463
Decrease in number of shares during period [Abstract]
Number of shares bought back [shares] 0 [shares] 0
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 8,46,62,037 [shares] 1,84,91,463
[shares]
Number of shares outstanding at end of period 11,44,39,562
[shares] 2,97,77,525
Reconciliation of value of shares outstanding [Abstract]

Changes in share capital [Abstract]
Increase in share capital during period [Abstract]
Amount of public issue during period 0 0
Amount of bonus issue during period 0 0
Amount of rights issue during period 0 0
52
Amount of other private placement issue during period 0 0

Amount of other preferential allotment issue during period 0 0
Amount of issue allotted for contracts without payment received in cash
0 0
during period
Amount of issue under scheme of amalgamation during period 0 0
Amount of other issues during period 84,66,20,370 18,49,14,630
Amount of other issue arising out of conversion of securities during period 0 0
Total aggregate amount of increase in share capital during period 84,66,20,370 18,49,14,630
Decrease in share capital during period [Abstract]
Decrease in amount of shares bought back 0 0
Other decrease in amount of shares 0 0
Total decrease in share capital during period 0 0
Total increase (decrease) in share capital 84,66,20,370 18,49,14,630
Share capital at end of period 114,43,95,620 29,77,75,250
The Company has a
The Company has a
single class of equity
single class of equity
shares. Accordingly,
shares. Accordingly,
all equity shares
Rights preferences and restrictions attaching to class of share capital rank equally with
all equity shares rank
equally with regard to
regard to dividend
dividend and share in
and share in the
the Companyb
Companyb
Shares in company held by holding company or ultimate holding company or by its
subsidiaries or associates [Abstract]
Shares in company held by holding company [shares] 2,97,77,525 [shares] 2,97,77,525
Shares in company held by ultimate holding company [shares] 0 [shares] 0
Shares in company held by subsidiaries of its holding company [shares] 0 [shares] 0
Shares in company held by subsidiaries of its ultimate holding company [shares] 0 [shares] 0
Shares in company held by associates of its holding company [shares] 0 [shares] 0
Shares in company held by associates of its ultimate holding company [shares] 0 [shares] 0
Total shares in company held by holding company or ultimate holding company
[shares] 2,97,77,525 [shares] 2,97,77,525
or by its subsidiaries or associates
Shares reserved for issue under options and contracts or commitments for sale of
shares or disinvestment
Amount of shares reserved for issue under options and contracts or commitments
0 0
for sale of shares or disinvestment
Aggregate number of fully paid-up shares issued pursuant to contracts without
payment being received in cash
Aggregate number of fully paid-up shares issued by way of bonus shares [shares] 0 [shares] 0
Aggregate number of shares bought back [shares] 0 [shares] 0
Original paid-up value of forfeited shares 0 0
Details of application money received for allotment of securities and due for
refund and interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund,
0 0
principal
Application money received for allotment of securities and due for refund,
0 0
interest accrued
Total application money received for allotment of securities and due for
0 0
refund and interest accrued thereon
Number of shares proposed to be issued [shares] 0 [shares] 0
Share premium for shares to be allotted 0 0

01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Number of persons on private placement of preference share 0 0
Number of shareholders of company 2 2
Number of allottees in case of preferential allotment 0 0
Whether reduction in capital done during year No No
Whether money raised from public offering during year No No
53
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Components of reserves [Axis] Reserves [Member] Capital reserves [Member]
01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period -88,24,38,546 -30,07,92,916
Other additions to reserves 5,10,94,537 5,32,06,386 5,10,94,537 (A) 5,32,06,386
Total additions to reserves -83,13,44,009 -24,75,86,530 5,10,94,537 5,32,06,386
Total changes in reserves -83,13,44,009 -24,75,86,530 5,10,94,537 5,32,06,386
Reserves at end of period -114,32,52,620 -31,19,08,611 15,97,53,067 10,86,58,530
(A) Employees stock option plan compensation cost for the period
Statement of changes in reserves [Table] ..(2)

Components of reserves [Axis] Securities premium account [Member] Surplus [Member]
01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Other additions to reserves 0 0
Total additions to reserves 0 0 -88,24,38,546 -30,07,92,916
Total changes in reserves 0 0 -88,24,38,546 -30,07,92,916
Reserves at end of period 37,54,34,400 37,54,34,400 -167,84,40,087 -79,60,01,541
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Short-term [Member]
Loans and advances from related parties Loans and advances from directors
Classification of borrowings [Axis]
[Member] [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2015 31/03/2014 31/03/2015 31/03/2014
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 0 36,00,000 0 (A) 36,00,000
Footnotes
(A) The above loan is an interest free loan and is repayable on demand.
54
[201000] Notes - Tangible assets
Disclosure of additional information tangible assets [Table] ..(1)

Company total tangible assets
Classes of tangible assets [Axis] Furniture and fixtures [Member]
[Member]
Owned and leased assets Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member]
[Member] [Member]
01/04/2014 01/04/2013 01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014 31/03/2015 31/03/2014
Disclosure of additional information
tangible assets [Abstract]
tangible assets [LineItems]
Depreciation method tangible assets SLM SLM SLM SLM SLM SLM
Useful lives or depreciation rates
As per asset As per asset 5 years 5 years 5 years 5 years
tangible assets

Leasehold improvements
Classes of tangible assets [Axis] Office equipment [Member]
[Member]
Owned and leased assets Owned and leased assets
[Member] [Member]
01/04/2014 01/04/2013 01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014 31/03/2015 31/03/2014
tangible assets [LineItems]
Depreciation method tangible assets SLM SLM SLM SLM SLM SLM
Lease term or 5
Lease term or 5
Useful lives or depreciation rates years,
2 years 2 years 2 years 2 years years, whichever
tangible assets whichever is
is shorter
shorter

Classes of tangible assets [Axis] Leasehold improvements [Member]
01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Disclosure of additional information tangible assets [Abstract]
Disclosure of additional information tangible assets [LineItems]
Depreciation method tangible assets SLM SLM
Lease term or 5
Lease term or 5 years,
Useful lives or depreciation rates tangible assets years, whichever is
whichever is shorter
shorter
55
Disclosure of tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross Gross carrying amount Accumulated depreciation and
Carrying amount [Member]
carrying amount [Axis] [Member] impairment [Member]
01/04/2014 01/04/2013 01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014 31/03/2015 31/03/2014
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 5,08,45,547 4,52,580 5,08,45,547 4,52,580
assets
Acquisitions through
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets -1,53,32,902 -95,60,942 1,53,32,902 95,60,942
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Revaluation increase
0 0 0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets,
0 1,66,573 0 3,41,718 0 1,75,145
others
Total disposals tangible
0 1,66,573 0 3,41,718 0 1,75,145
assets
Other adjustments tangible
assets [Abstract]
0 0 0 0 0 0
assets, others
Total other adjustments
0 0 0 0 0 0
tangible assets
Total changes in tangible
3,55,12,645 -92,74,935 5,08,45,547 1,10,862 1,53,32,902 93,85,797
assets
Tangible assets at end of period 4,18,23,660 63,11,015 7,42,55,745 2,34,10,198 3,24,32,085 1,70,99,183
56

01/04/2014 01/04/2013 01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014 31/03/2015 31/03/2014
[LineItems]
[Abstract]
business combinations tangible 89,08,798 5,200 89,08,798 5,200
assets
Depreciation tangible assets -27,63,601 -13,83,176 27,63,601 13,83,176
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
61,45,197 -13,77,976 89,08,798 5,200 27,63,601 13,83,176
assets
Tangible assets at end of period 72,38,200 10,93,003 1,23,23,101 34,14,303 50,84,901 23,21,300
57

01/04/2014 01/04/2013 01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014 31/03/2015 31/03/2014
[LineItems]
[Abstract]
business combinations tangible 89,08,798 5,200 89,08,798 5,200
assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
61,45,197 -13,77,976 89,08,798 5,200 27,63,601 13,83,176
assets
Tangible assets at end of period 72,38,200 10,93,003 1,23,23,101 34,14,303 50,84,901 23,21,300
58

01/04/2014 01/04/2013 01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014 31/03/2015 31/03/2014
[LineItems]
[Abstract]
business combinations tangible 3,01,87,478 4,47,380 3,01,87,478 4,47,380
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 1,66,573 0 3,41,718 0 1,75,145
others
0 1,66,573 0 3,41,718 0 1,75,145
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
2,15,95,076 -29,81,912 3,01,87,478 1,05,662 85,92,402 30,87,574
assets
Tangible assets at end of period 2,45,10,423 29,15,347 4,06,17,906 1,04,30,428 1,61,07,483 75,15,081
59

01/04/2014 01/04/2013 01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014 31/03/2015 31/03/2014
[LineItems]
[Abstract]
business combinations tangible 3,01,87,478 4,47,380 (A) 3,01,87,478 (B) 4,47,380
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 1,66,573 0 3,41,718 0 1,75,145
others
0 1,66,573 0 3,41,718 0 1,75,145
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
2,15,95,076 -29,81,912 3,01,87,478 1,05,662 85,92,402 30,87,574
assets
Tangible assets at end of period 2,45,10,423 29,15,347 4,06,17,906 1,04,30,428 1,61,07,483 75,15,081
(A) Office Equipments includes Computers, networking Equipments and Other Office Equipments
(B) Office Equipments includes Computers, networking Equipments and Other Office Equipments
60

01/04/2014 01/04/2013 01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014 31/03/2015 31/03/2014
[LineItems]
[Abstract]
business combinations tangible 1,17,49,271 0 1,17,49,271 0
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
77,72,372 -49,15,047 1,17,49,271 0 39,76,899 49,15,047
assets
Tangible assets at end of period 1,00,75,037 23,02,665 2,13,14,738 95,65,467 1,12,39,701 72,62,802
61

01/04/2014 01/04/2013 01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014 31/03/2015 31/03/2014
[LineItems]
[Abstract]
business combinations tangible 1,17,49,271 0 1,17,49,271 0
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0 0 0
others
0 0 0 0 0 0
assets
assets [Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
tangible assets
77,72,372 -49,15,047 1,17,49,271 0 39,76,899 49,15,047
assets
Tangible assets at end of period 1,00,75,037 23,02,665 2,13,14,738 95,65,467 1,12,39,701 72,62,802
62
[201100] Notes - Intangible assets
Disclosure of additional information intangible assets [Table] ..(1)

Company total intangible assets
Classes of intangible assets [Axis] Computer software [Member]
[Member]
Internally generated and other Internally generated and other
Intangible assets other than
Sub classes of intangible assets [Axis] than internally generated than internally generated
internally generated [Member]
intangible assets [Member] intangible assets [Member]
01/04/2014 01/04/2013 01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014 31/03/2015 31/03/2014
intangible assets [Abstract]
intangible assets [LineItems]
Useful lives or amortization rates
1-3 years 1-3 years 1-3 years 1-3 years 1-3 years 1-3 years
intangible assets
Description of amortization method
SLM SLM SLM SLM SLM SLM
used
63
Disclosure of intangible assets [Table] ..(1)

Classes of intangible assets [Axis] Company total intangible assets [Member]
Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]
Carrying amount accumulated amortization and Gross carrying amount Accumulated amortization and
impairment and gross carrying amount [Axis] [Member] impairment [Member]
01/04/2014 01/04/2013 01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014 31/03/2015 31/03/2014
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
61,36,910 0 61,36,910 0
development
intangible assets
Total additions to
61,36,910 0 61,36,910 0
intangible assets
Amortization intangible assets -23,17,520 -8,48,723 23,17,520 8,48,723
Impairment loss
loss intangible assets
intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0 0 0 0 0
assets, others
Total disposals intangible
0 0 0 0 0 0
assets
Other adjustments intangible
assets [Abstract]
Other adjustments
0 0 0 0
intangible assets, others
0 0 0 0
intangible assets
Total changes in intangible
38,19,390 -8,48,723 61,36,910 0 23,17,520 8,48,723
assets
Intangible assets at end of period 38,84,787 65,397 2,06,07,434 1,44,70,524 1,67,22,647 1,44,05,127
64

Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]
01/04/2014 01/04/2013 01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014 31/03/2015 31/03/2014
[LineItems]
[Abstract]
[Abstract]
61,36,910 0 61,36,910 0
development
intangible assets
Total additions to
61,36,910 0 61,36,910 0
intangible assets
Impairment loss
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
38,19,390 -8,48,723 61,36,910 0 23,17,520 8,48,723
assets
65

Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]
01/04/2014 01/04/2013 01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014 31/03/2015 31/03/2014
[LineItems]
[Abstract]
[Abstract]
61,36,910 0 61,36,910 0
development
intangible assets
Total additions to
61,36,910 0 61,36,910 0
intangible assets
Impairment loss
intangible assets
[Abstract]
0 0 0 0 0 0
assets, others
0 0 0 0 0 0
assets
assets [Abstract]
Other adjustments
0 0 0 0
0 0 0 0
intangible assets
38,19,390 -8,48,723 61,36,910 0 23,17,520 8,48,723
assets
66
[200600] Notes - Subclassification and notes on liabilities and assets
Disclosure of breakup of provisions [Table] ..(1)

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
31/03/2015 31/03/2014 31/03/2015 31/03/2014
Subclassification and notes on liabilities and assets
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 40,88,370 15,64,125 8,623 3,136
Provision leave encashment 19,14,885 8,59,264 (A) 3,20,763 (B) 1,63,995
Provision pension 0 0
Provision employee insurance scheme 0 0
Provision other employee related
0 0
liabilities
Total provisions for employee benefits 60,03,255 24,23,389 3,29,386 1,67,131
Provision for corporate tax [Abstract]
Provision for current tax 0 0
Provision for wealth tax 0 0
Provision for fringe benefit tax 0 0
Provision for other tax 0 0
Provision for corporate dividend tax 0 0
Total provision for corporate tax 0 0
Provision for proposed dividend [Abstract]
Provision for proposed equity dividend
[Abstract]
Provision for proposed equity
0 0
interim dividend
Provision for proposed equity final
0 0
dividend
Provision for proposed equity
0 0
special dividend
Total provision for proposed equity
0 0
dividend
Provision for proposed preference
dividend [Abstract]
0 0
interim dividend
0 0
final dividend
0 0
special dividend
Total provision for proposed
0 0
preference dividend
Total provision for proposed dividend 0 0
Provision for statutory liabilities 0 0
Provision for abandonment cost 0 0
Other provisions 0 0
Total provisions 60,03,255 24,23,389 3,29,386 1,67,131
Footnotes
(A) Compensated absences
(B) Compensated absences
67
Disclosure of details of balances with banks [Table] ..(1)

Details of balances with banks [Axis] BANK1 BANK2
01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014
[Abstract]
Cash and bank balances notes [Abstract]
Cash and bank balances [Abstract]
Disclosure of details of balances with banks
[Abstract]
Details of balances with banks [LineItems]
Name of bank Citi Bank Citi Bank ICICI BANK ICICI BANK
Account number of bank 0710562024 0710562024 042005001933 042005001933
Closing balance held in bank 3,34,070 1,845 26,90,500 4,36,313
Disclosure of details of balances with banks [Table] ..(2)

Details of balances with banks [Axis] BANK3
01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Subclassification and notes on liabilities and assets [Abstract]
Cash and bank balances notes [Abstract]
Cash and bank balances [Abstract]
Disclosure of details of balances with banks [Abstract]
Details of balances with banks [LineItems]
Name of bank Yes Bank Ltd. Yes Bank Ltd.
Account number of bank 021381300000078 021381300000078
Closing balance held in bank 36,690 5,287
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2015 31/03/2014 31/03/2015 31/03/2014
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 31,41,338 30,52,585 31,41,338 30,52,585
Allowance for bad and doubtful debts 7,04,093 7,69,156 7,04,093 7,69,156
Total trade receivables 24,37,245 22,83,429 24,37,245 22,83,429
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Total trade receivables due by
directors, other officers or 0 0
others
68
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member]
31/03/2015 31/03/2014
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 0 0
Loans and advances [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Classification of loans and advances [Axis] Capital advances [Member] Security deposits [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2015 31/03/2014 31/03/2015 31/03/2014
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 39,15,940 0 2,35,55,190 15,000
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 39,15,940 0 2,35,55,190 15,000
Details of loans and advances due by
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
Total loans and advances due by
0 0 0 0
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Loans and advances due by firms in
0 0 0 0
which any director is partner
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director
69

Loans advances given employees
Classification of loans and advances [Axis] Other loans and advances [Member]
[Member]
31/03/2015 31/03/2014 31/03/2015 31/03/2014
[Abstract]
Loans and advances, gross 7,20,609 68,000 3,41,79,454 1,26,88,255
0 0 0 0
advances
Loans and advances 7,20,609 68,000 3,41,79,454 1,26,88,255
[Abstract]
0 0 0 0
0 0 0 0
0 0 0 0
director

Classification of loans and advances [Axis] Prepaid expenses [Member] Advance tax [Member]
31/03/2015 31/03/2014 31/03/2015 31/03/2014
[Abstract]
Loans and advances, gross 9,65,046 31,477 3,32,14,408 1,26,56,778
0 0 0 0
advances
Loans and advances 9,65,046 31,477 3,32,14,408 1,26,56,778
[Abstract]
0 0 0 0
0 0 0 0
0 0 0 0
director
70

Classification based on time period [Axis] Long-term [Member] Short-term [Member]
Classification of loans and advances [Axis] Tax deducted at source [Member] Security deposits [Member]
31/03/2015 31/03/2014 31/03/2015 31/03/2014
[Abstract]
Loans and advances, gross 3,32,14,408 1,26,56,778 0 43,90,870
0 0 0 0
advances
Loans and advances 3,32,14,408 1,26,56,778 0 43,90,870
[Abstract]
0 0 0 0
0 0 0 0
0 0 0 0
director

Loans advances given suppliers Loans advances given employees
Classification of loans and advances [Axis]
[Member] [Member]
31/03/2015 31/03/2014 31/03/2015 31/03/2014
[Abstract]
Loans and advances, gross (A) 9,77,73,609 (B) 1,70,01,223 9,13,204 5,74,501
0 0 0 0
advances
Loans and advances 9,77,73,609 1,70,01,223 9,13,204 5,74,501
[Abstract]
0 0 0 0
0 0 0 0
0 0 0 0
director
71
Footnotes
(A) Advance to suppliers 'Considered good Rs. 97773609 /- Considered Doubtful Rs. 624559/- Less: Provision for doubtful advances to
suppliers Rs. 624559/-
(B) Advance to suppliers 'Considered good Rs. 17001223/- Considered Doubtful Rs. 336731/- Less: Provision for doubtful advances to
suppliers Rs. 336731/-

Classification of loans and advances [Axis] Other loans and advances [Member] Prepaid expenses [Member]
31/03/2015 31/03/2014 31/03/2015 31/03/2014
[Abstract]
Loans and advances, gross 6,16,64,892 1,87,48,236 42,07,123 21,30,667
0 0 0 0
advances
Loans and advances 6,16,64,892 1,87,48,236 42,07,123 21,30,667
[Abstract]
0 0 0 0
0 0 0 0
0 0 0 0
director

Classification of loans and advances [Axis] Service tax receivable [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
31/03/2015 31/03/2014
Loans and advances, gross 5,74,57,769 1,66,17,569
Allowance for bad and doubtful loans and advances 0 0
Loans and advances 5,74,57,769 1,66,17,569
Details of loans and advances due by directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0
Loans and advances due by other officers 0 0
Total loans and advances due by directors, other officers or others 0 0
Details of loans and advances due by firms or companies in which any
director is partner or director [Abstract]
Loans and advances due by firms in which any director is partner 0 0
Total loans and advances due by firms or companies in which any director
0 0
is partner or director
72

31/03/2015 31/03/2014
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term 0 0
Others long-term, others (A) 1,04,27,952

0
Total others, long-term 1,04,27,952 0

Total other long-term liabilities 1,04,27,952 0
Interest accrued but not due on borrowings 0 0
Interest accrued and due on borrowings 0 0
Interest accrued but not due on public deposits 0 0
Interest accrued and due on public deposits 0 0
Debentures claimed but not paid 0 0
Income received in advance 1,20,45,664 4,12,651
Unpaid dividends 0 0
Application money received for allotment of securities and
0 0
due for refund, principal
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Taxes payable other tax (B) 67,43,172 (C) 82,91,412

Public deposit payable, current 0 0
Total other payables, current 67,43,172 82,91,412
Advance received from customers (D) 4,94,85,189 (E) 2,52,67,554

Other advance received (F) 1,05,06,468 (G) 2,08,820
Short-term employee related liabilities 61,82,662 55,83,550
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others (H) 40,09,579 (I) 1,41,650
Total other current liabilities 8,89,72,734 3,99,05,637
Other non-current assets, others 0 0
Total other non-current assets 0 0
Aggregate amount of trade receivables outstanding for period
0 12,42,922
exceeding six months
Fixed deposits with banks 0 0
Other balances with banks 30,61,261 4,43,445
Total balance with banks 30,61,261 4,43,445
Cash on hand 17,514 3,431
Total cash and cash equivalents 30,78,775 4,46,876
Total cash and bank balances 30,78,775 4,46,876
Balances held with banks to extent held against other
0 0
commitments
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than twelve months maturity 0 0
Footnotes
(A) Rent equilisation reserve
(B) - Provident fund 907771 - Tax deduted at source 5342475 - Profession tax 50500 - Service tax 442426
(C) **Statutory dues payable includes: - Provident fund 303,144 - Tax deduted at source 1,850,263 - Profession tax 19,575
(D) Advances towards future supplies by market-place vendors*
(E) Advances towards future supplies by market-place vendors
(F) Capital creditors
(G) Capital creditors
(H) Payable to market-place vendor 4007136 Interest payable to micro and small enterprises 2443
(I) Payable to market-place vendor
73
[200700] Notes - Additional disclosures on balance sheet

01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Disclosure of additional balance sheet notes explanatory [TextBlock]
Other commitments 0 0
Total commitments 0 0
Total contingent liabilities and commitments 0 0
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
shareholders
Amount of per share dividend proposed to be distributed to
preference shareholders
Percentage of proposed dividend 0.00% 0.00%
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Additions to equity share warrants during period 0 0
Deductions in equity share warrants during period 0 0
Total changes in equity share warrants during period 0 0
Equity share warrants at end of period 0 0
Equity share warrants for existing members 0 0
Equity share warrants for others 0 0
Total equity share warrants 0 0
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year 0 0
Number of person share application money received during year 0 0
Number of person share application money paid as at end of year 0 0
Number of person share application money received as at end of year 0 0
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
Whether audit of cost records of company has been mandated
No No
under Rules specified in SN 1
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Number of warrants converted into equity shares during period 0 0
Number of warrants converted into preference shares during period 0 0
Number of warrants converted into debentures during period 0 0
Number of warrants issued during period (in foreign currency) 0 0
Number of warrants issued during period (INR) 0 0
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Disclosure of accounting policies, change in accounting policies and Textual information (22) Textual information (23)
changes in estimates explanatory [TextBlock] [See below] [See below]
74
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
1 Background
Trendsutra Platform Services Private Limited ('Trendsutra Platform' or 'the Company') was incorporated on 25 July 2011 under the Companies
Act, 1956 ('the Act'). The Company is a wholly owned subsidiary of Trendsutra Cyprus Limited, Cyprus ('the holding company').
The Company is an online sales platform company (market place) which facilitates supplies from vendors to the end consumers of goods and
articles through its online web portal and mobile application.
2 Significant accounting policies
The accounting policies set out below have been applied consistently to the periods presented in the financial statements.
2.1 Basis of preparation of financial statements
The financial statements have been prepared and presented under the historical cost convention, on the accrual basis of accounting and in
accordance with Generally Accepted Accounting Principle in India (Indian GAAP) to comply with the Accounting Standards ('AS') specified
under Section 133 of the Companies Act, 2013 read with Rule 7 of Companies (Accounts) Rules 2014. The financial statements are presented in
Indian Rupees except per share data and where mentioned otherwise.
Classification as per Companies Act, 2013 and Companies (Accounts) Rules, 2014
The Company is not a Small Company as defined in Section 2(85) of the Companies Act, 2013. Accordingly the Company has complied with the
requirements as applicable in the preparation of these financial statements.
Classification as per Companies (Accounting Standards) Rules, 2006
The Company is a Small and Medium Sized Company' (SMC) as defined in the General Instructions in respect of Accounting Standards ('AS')
notified in the Companies (Accounting Standards) Rules, 2006. Accordingly, the Company has complied with the Accounting standard as
applicable to a Small and Medium Sized Company.
2.2 Going concern
These financial statements have been prepared on a going concern basis notwithstanding the fact that the Company, as at 31 March 2015 has
accumulated losses of Rs. 1,678,440,088 (31 March 2014: Rs. 796,001,542). With regard to Company's ability to continue as a going concern,
management is of the view that the assets and liabilities can be recorded on the basis that the Company will be able to realise its assets and
discharge its liabilities in the normal course of business. The following reasoning was considered by the management:
i) The Company has been in business for four years and has incurred significant expenses on creating goodwill for its brand, the benefit of
which would accrue to the Company in the future years.
ii) There is a conscious effort on the part of the Company to reduce cost and increase revenue
2 Significant accounting policies (Continued)
2.2 Going concern (Continued)
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iii) Post year end, Trendsutra Cayman Holdings (Ultimate holding company) has received additional investments amounting to USD
86,999,992 (equivalent to Rs 5,445,399,099). Out of the above, an amount of USD 44,030,000 has been invested in the Company till 28
September 2015 and it is expected that the Group will further continue to fund the operations of the Company.
2.3 Use of estimates
The preparation of financial statements in conformity with Indian GAAP requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosures of contingent liabilities as on the date of financial statements and the reported amounts
of revenue and expenses during the reporting period. Management believes that the estimates made in the preparation of the financial statements
are prudent and reasonable. Actual results could differ from those estimates. Any revision to accounting estimates is recognized prospectively in
current and future periods.
2.4 Current and non-current classification
All assets and liabilities are classified into current and non-current.
Assets
An asset is classified as current when it satisfies any of the following criteria:
a) it is expected to be realised in, or is intended for sale or consumption in, the company's normal operating cycle;
b) it is held primarily for the purpose of being traded;
c) it is expected to be realised within 12 months after the reporting date; or
d) it is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least 12 months after the reporting
date.
Current assets include the current portion of non-current financial assets.
All other assets are classified as non-current.
2.4 Current and non-current classification (Continued)
76
Liabilities
A liability is classified as current when it satisfies any of the following criteria:
a) it is expected to be settled in the company's normal operating cycle;
c) it is due to be settled within 12 months after the reporting date; or
d) the company does not have an unconditional right to defer settlement of the liability for at least 12 months after the reporting date. Terms of a
liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification.
Current liabilities include current portion of non-current financial liabilities.
All other liabilities are classified as non-current.
Operating cycle
Operating cycle is the time between the acquisition of assets for processing and their realization in cash or cash equivalents. The Company has
ascertained its operating cycle as twelve months for the purpose of current and non-current classification of assets and liabilities.
2.5 Fixed assets
Tangible fixed assets
Tangible fixed assets are stated at cost of acquisition less accumulated depreciation or amortisation and impairment adjustment, if any. The cost
includes incidental expenses related to acquisition and installation of the fixed assets.
Intangible fixed assets
Intangible assets are stated at their cost of acquisition less accumulated amortisation and impairment losses. An intangible asset is recognized
where it is probable that the future economic benefit attributable to the asset will flow to the Company and where its cost can be reliably
measured.
2.6 Depreciation and amortisation
Depreciable amount for assets is the cost of an asset, or other amount substituted for cost, less its estimated residual value.
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Depreciation on tangible fixed assets has been provided on the straight-line method as per the useful life prescribed in Schedule II to the
Companies Act, 2013 or management's best estimate of useful lives of the assets, whichever is lower.
Intangible assets are amortised on a straight line basis over its useful life, not exceeding three years, as decided by the management.
The useful life of assets are summarized as follows:
Useful life (in

Asset category
years)
Computers 3
Networking equipment* 3
Furniture and fixtures* 5
Office equipment* 2
Lease term or 5
years,
Leasehold improvements
whichever is
shorter
Domain name 1
Software 1-3
*For the class of assets, based on internal assessment, the management believes that the useful lives as given above best
represent the period over which management expects to use these assets. Hence, the useful lives for these assets is different and
lower than the useful lives as prescribed under Part C of Schedule II to the Companies Act, 2013.
Depreciation on fixed assets sold, discarded or demolished during the period is being provided at their respective rates up to the date on which
such assets are sold, discarded or demolished.
Further, the useful life is reviewed at the end of each reporting period for any changes in the estimates of useful life and accordingly the asset is
amortised over the remaining useful life.
2.7 Impairment of assets
In accordance with AS 28 'Impairment of Assets' where there is indication of impairment of Company's assets, the carrying amounts of the
Company's assets are reviewed at each balance sheet date to determine whether there is any impairment. The recoverable amount of the assets (or
78
where applicable, that of the cash generating unit to which the asset belongs) is estimated as the higher of its net selling price and its value in use.
An impairment loss is recognized whenever the carrying amount of an asset or a cash generating unit exceeds its recoverable amount. Impairment
loss is recognized in the Statement of Profit and Loss or against revaluation surplus, where applicable.
Value in use is the present value of estimated future cash flows expected to arise from the continuing use of the asset and from its disposal at the
end of its useful life.
2.8 Revenue recognition
Revenue from operations comprises commission from suppliers of goods and articles with whom the Company has contractual arrangement.
Commission income is recognised net of taxes collected upon rendering of related service i.e. receipt of goods by the consumers.
Interest income is recognized using the time-proportion method, based on rates implicit in the transaction.
Dividend income is recognized when the Company's right to receive dividend is established.
2.9 Investments
Investments are either classified as 'current' or 'long-term' depending on the management's intention of holding these investments.
Long-term investments are carried at cost less any other-than-temporary diminution in value, determined separately for each individual
investment.
Current investments are carried at the lower of cost and fair value. The comparison of cost and fair value is carried out separately in respect of
each category of investments.
Profit or loss on sale of investment is determined on the basis of weighted average carrying cost of the investment disposed off.
2.10 Employee benefits
(a) Short-term employee benefits
All employee benefits payable wholly within twelve months of rendering the services are classified as short-term employee benefits. These
benefits include compensated absences such as paid annual leave. The undiscounted amount of short-term employee benefits expected to be paid
in exchange for the services rendered by employees is charged to the Statement of profit and loss in the period in which such services are
rendered.
(b) Post-employment benefits
Defined contribution plans
The Company makes specified monthly contribution towards employee provident fund to Government administered provident fund scheme which
is defined contribution plan. The Company's contribution is recognized as an expense in the Statement of Profit and Loss during the year in which
the employee renders the related service.
Defined benefit plans
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Gratuity
The Company's gratuity benefit scheme is an unfunded defined benefit plan. The Company's net obligation in respect of the gratuity benefit
scheme is calculated by estimating the amount of future benefit that employees have earned in return for their service in the current and prior
periods. That benefit is discounted to determine its present value.
2.10 Employee benefits (Continued)
Defined benefit plans (Continued)
Gratuity (Continued)
The present value of the obligation under such defined benefit plan is determined based on actuarial valuation by an independent actuary at the
year-end, using the Projected Unit Credit Method, which recognises each period of service as giving rise to one additional unit of employee
benefit entitlement and measures each unit separately to build up the final obligation.
The obligation is measured at the present value of the estimated future cash flows. The discount rates used for determining the present value of
the obligation under defined benefit plan are based on the market yields on Government securities as at the balance sheet date.
Actuarial gains and losses arising during the period are recognised immediately in the Statement of Profit and Loss.
(c) Other long-term employee benefits
Compensated absences
Compensated absences including leave encashment, which are not expected to occur within twelve months after the end of the period in which the
employee renders the related services, are recognized as a liability at the present value of the defined benefit obligation at the balance sheet date.
The discount rates used for determining the present value of the obligation under defined benefit plan are based on the market yields on
Government securities as at the balance sheet date. Actuarial gains and losses are recognized immediately in the Statement of Profit and Loss.
2.11 Foreign currency transactions
Foreign currency transactions are recorded at the exchange rates prevailing on the date of the respective transactions. Exchange difference arising
on foreign currency transactions between the actual rate of settlement and the rate on the date of the transactions is charged or credited to
Statement of Profit and Loss.
Monetary assets and liabilities denominated in foreign currencies as at the balance sheet date are translated at the exchange rates prevailing on the
balance sheet date and the overall net exchange gain or loss on such conversion, if any, is credited or charged to the Statement of Profit and Loss.
Non-monetary assets are recorded at the rates prevailing on the date of the transactions.
2.12 Taxation
Income-tax expense comprises current tax (i.e. amount of tax for the year determined in accordance with the income tax laws) and deferred tax
charge or credit (reflecting the tax effects of timing differences between accounting income and taxable income for the year).
80
2.12 Taxation (Continued)
Current tax
Provision for current tax is recognised in accordance with the provisions of the Income- tax Act, 1961 and is made annually based on the tax
liability after taking credit for tax allowances and exemptions.
Deferred tax
Deferred tax liability or asset is recognised for timing differences between the profits or losses offered for income taxes and profits or losses as
per the financial statements. Deferred tax assets and liabilities and the corresponding deferred tax credit or charge are measured using the tax
rates and tax laws that have been enacted or substantively enacted as at the balance sheet date.
Deferred tax asset is recognised only to the extent there is reasonable certainty that the assets can be realised in future; however, where there is
unabsorbed depreciation or carried forward loss under taxation laws, deferred tax asset is recognised only if there is a virtual certainty of
realisation of such asset. Deferred tax asset are reassessed for the appropriateness of their respective carrying values at each balance sheet date.
2.13 Leases
Lease rentals payable under operating leases are charged to the Statement of Profit and Loss on a straight line basis over the lease term.
2.14 Earnings per share
The basic earnings per equity share is computed by dividing the net profit or loss attributable to the equity shareholders for the period by the
weighted average number of equity shares outstanding during the reporting period.
2.15 Provisions and contingencies
The Company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of resources
embodying economic benefits and a reliable estimate can be made of the amount of the obligation. A disclosure for a contingent liability is made
when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. When there is a
possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.
Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of
resources would be required to settle the obligation, the provision is reversed.
Contingent assets are not recognized in the financial statements. However, contingent assets are assessed continually and if it is virtually certain
that an economic benefit will arise, the asset and related income are recognized in the period in which the change occurs.
2.16 Employee stock option scheme
The ultimate holding company, Trendsutra Cayman Holdings, has formulated an Employees Stock Option Scheme for the employees of the
Company. The Scheme provides that employees are granted options to acquire the equity shares of the ultimate holding company that vests in a
graded manner. The options may be exercised within a specific period. The options are granted free of cost. The Company follows the intrinsic
81
value method to account for compensation expense arising from issuance of stock options to the employees. The intrinsic value of options granted
under Employees Stock Option Schemes is recognised over the vesting period.
82
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
1 Background
Trendsutra Platform Services Private Limited ('Trendsutra Platform' or 'the Company') was incorporated on 25 July 2011 under the Companies
Act, 1956 ('the Act'). The Company is a wholly owned subsidiary of Trendsutra Cyprus Limited, Cyprus ('the holding company').
The Company is an online sales platform company which facilitates supplies to the end consumers of goods and articles through its online web
portal.
2 Significant accounting policies
The accounting policies set out below have been applied consistently to the periods presented in the financial statements.
2.1 Basis of preparation of financial statements
The financial statements have been prepared and presented under the historical cost convention, on the accrual basis of accounting and in
accordance with the provisions of the Act and in accordance with accounting principles generally accepted in India ('Indian GAAP') and comply
with the Accounting Standards ('AS') prescribed in the Companies (Accounting Standards) Rules 2006, issued by the Central Government read
with the General Circular 15/2013 dated 13 September 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act,
2013, to the extent applicable. The financial statements are presented in Indian Rupees except per share data and where mentioned otherwise.
The Company is a Small and Medium Sized Company ('SMC') as defined in the General Instructions in respect of Accounting Standards notified
under the Act. Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and Medium Sized Company.
2.2 Going concern
These financial statements have been prepared on a going concern basis notwithstanding the fact that the Company as at 31 March 2014 has
accumulated losses of Rs 796,001,541 (31 March 2013: Rs 495,208,625). With regard to Company's ability to continue as a going concern,
management is of the view that the assets and liabilities can be recorded on the basis that the Company will be able to realise its assets and
discharge its liabilities in the normal course of business. The following reasoning was considered by the management:
i) The Company has been in business for three years and has incurred significant expenses on creating goodwill for its brand, the benefit of
which would accrue to the Company in the future years.
ii) There is a conscious effort on the part of the Company to reduce costs and increase revenue.
2.2 Going concern (Continued)
iii) During the year, Trendsutra Cayman Islands (Ultimate holding company) has received additional investments amounting to USD
11,499,882 (equivalent to Rs 684,325,625). Out of the above, an amount of USD 8,950,000 has been invested in India till 30 September
2014 and it is expected that the Group will continue to fund the operations of the Company.
iv) As compared to 31 March 2013, the loss has been reduced from Rs 418,319,966 to Rs 300,792,916 and the trend is expected to continue in
future years based on management estimates.
2.3 Use of estimates
The preparation of financial statements in conformity with Generally Accepted Accounting Principles (GAAP) in India requires management to
make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent liabilities as on the date of
financial statements and the reported amounts of revenue and expenses during the reporting period. Management believes that the estimates made
in the preparation of the financial statements are prudent and reasonable. Actual results could differ from those estimates. Any revision to
accounting estimates is recognized prospectively in current and future periods.
83
2.4 Current and non-current classification
All assets and liabilities are classified into current and non-current.
Assets
An asset is classified as current when it satisfies any of the following criteria:
a) it is expected to be realised in, or is intended for sale or consumption in, the company's normal operating cycle;
c) it is expected to be realised within 12 months after the reporting date; or
d) it is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least 12 months after the reporting
date.
Current assets include the current portion of non-current financial assets.
All other assets are classified as non-current.
2.4 Current and non-current classification (Continued)
Liabilities
A liability is classified as current when it satisfies any of the following criteria:
a) it is expected to be settled in the company's normal operating cycle;
c) it is due to be settled within 12 months after the reporting date; or
d) the company does not have an unconditional right to defer settlement of the liability for at least 12 months after the reporting date. Terms of a
liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification.
Current liabilities include current portion of non-current financial liabilities.
All other liabilities are classified as non-current.
Operating cycle
Operating cycle is the time between the acquisition of assets for processing and their realization in cash or cash equivalents. The Company has
84
ascertained its operating cycle as twelve months for the purpose of current and non-current classification of assets and liabilities.
2.5 Fixed assets
Tangible fixed assets are stated at cost of acquisition less accumulated depreciation or amortisation and impairment adjustment, if any. The cost
includes incidental expenses related to acquisition and installation of the fixed assets.
Intangible assets are stated at their cost of acquisition less accumulated amortization and impairment losses. An intangible asset is recognized
where it is probable that the future economic benefit attributable to the asset will flow to the Company and where its cost can be reliably
measured.
2.6 Depreciation and amortization
Depreciation on fixed assets is provided pro rata to the period of use based on management's best estimate of useful lives of the assets (which are
shorter than those prescribed under the Act) as summarized below:
2.6 Depreciation and amortization (Continued)
Asset category Useful life (in years)
Computers 3
Networking equipment 3
Furniture and fixtures 3
Office equipment 3
Leasehold improvements Lease term or 5 years, whichever is shorter
85
Domain name 1
Software 1-3
Software purchased together with the related hardware is capitalised and depreciated at the rates applicable to related assets. Intangible assets
other than above mentioned software are amortised over the best estimate of the useful life from the date the assets are available for use.
Depreciation on fixed assets sold, discarded or demolished during the period is being provided at their respective rates up to the date on which
such assets are sold, discarded or demolished.
Further, the useful life is reviewed at the end of each reporting period for any changes in the estimates of useful life and accordingly the asset is
amortised over the remaining useful life.
Individual assets costing upto Rupees five thousand are depreciated in full in the period of purchase.
2.7 Impairment of assets
In accordance with AS 28 'Impairment of Assets' where there is indication of impairment of Company's assets, the carrying amounts of the
Company's assets are reviewed at each balance sheet date to determine whether there is any impairment. The recoverable amount of the assets (or
where applicable, that of the cash generating unit to which the asset belongs) is estimated as the higher of its net selling price and its value in use.
An impairment loss is recognized whenever the carrying amount of an asset or a cash generating unit exceeds its recoverable amount. Impairment
loss is recognized in the Statement of profit and loss or against revaluation surplus, where applicable.
Value in use is the present value of estimated future cash flows expected to arise from the continuing use of the asset and from its disposal at the
end of its useful life.
Commission income is recognised net of taxes collected upon rendering of related service i.e. dispatch of goods to the consumers.
2.9 Investments
Investments are either classified as 'current' or 'long-term' depending on the management's intention of holding these investments.
Long-term investments are carried at cost less any other-than-temporary diminution in value, determined separately for each individual
86
investment.
Current investments are carried at the lower of cost and fair value. The comparison of cost and fair value is carried out separately in respect of
each category of investments.
2.10 Employee benefits
(a) Short-term employee benefits
All employee benefits payable wholly within twelve months of rendering the services are classified as short-term employee benefits. These
benefits include salaries and wages, bonus, ex-gratia, paid annual and sickness leave, etc. The undiscounted amount of short-term employee
benefits expected to be paid in exchange for the services rendered by employees is recognized in the Statement of profit and loss in the period in
which such services are rendered.
(b) Post-employment benefits
The Company makes specified monthly contributions towards employee provident fund to Government administered provident fund scheme
which is a defined contribution plan. The Company's contribution is recognized as an expense in the Statement of profit and loss during the year
in which the employee renders the related service.
Gratuity
The Company's gratuity benefit scheme is an unfunded defined benefit plan. The Company's obligation in respect of the gratuity benefit scheme is
calculated by estimating the amount of future benefit that employees have earned in return for their service in the current period and prior periods.
That benefit is discounted to determine its present value.
2.10 Employee benefits (Continued)
Defined benefit plans (Continued)
Gratuity (Continued)
The present value of the obligation under such defined benefit plan is determined based on actuarial valuation by an independent actuary at the
year-end, using the Projected Unit Credit Method, which recognises each period of service as giving rise to one additional unit of employee
benefit entitlement and measures each unit separately to build up the final obligation.
The obligation is measured at the present value of the estimated future cash flows. The discount rates used for determining the present value of
the obligation under defined benefit plan are based on the market yields on Government securities as at the balance sheet date.
87
Actuarial gains and losses arising during the period are recognised immediately in the Statement of profit and loss.
Compensated absences
Compensated absences including leave encashment, which are not expected to occur within twelve months after the end of the period in which the
employee renders the related services, are recognized as a liability at the present value of the defined benefit obligation at the balance sheet date.
The discount rates used for determining the present value of the obligation under defined benefit plan are based on the market yields on
Government securities as at the balance sheet date. Actuarial gains and losses are recognised immediately in the Statement of profit and loss.
2.11 Foreign currency transactions
Foreign currency transactions are recorded at the exchange rates prevailing on the date of the respective transactions. Exchange difference arising
on foreign currency transactions between the actual rate of settlement and the rate on the date of the transactions is recognized in the Statement of
profit and loss.
Monetary assets and liabilities denominated in foreign currencies as at the balance sheet date are translated at the exchange rates prevailing on the
balance sheet date and the overall net exchange gain or loss on such conversion, if any, is or recognized in the Statement of profit and loss.
Non-monetary assets are recorded at the rates prevailing on the date of the transactions.
2.12 Taxation
Income-tax expense comprises current tax (i.e. amount of tax for the year determined in accordance with the income-tax laws) and deferred tax
Current tax
Deferred tax
realisation of such asset. Deferred tax assets are reassessed for the appropriateness of their respective carrying values at each balance sheet date.
2.13 Leases
Lease rentals payable under operating leases are charged to the Statement of profit and loss on a straight line basis over the lease term.
88
2.14 Earnings per share
The basic earnings per equity share is computed by dividing the net profit or loss attributable to the equity shareholders for the period by the
weighted average number of equity shares outstanding during the reporting period.
2.15 Provisions and contingencies
The Company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of resources
embodying economic benefits and a reliable estimate can be made of the amount of the obligation. A disclosure for a contingent liability is made
when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. When there is a
possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.
Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of
resources would be required to settle the obligation, the provision is reversed.
Contingent assets are not recognized in the financial statements. However, contingent assets are assessed continually and if it is virtually certain
that an economic benefit will arise, the asset and related income are recognized in the period in which the change occurs.
[201700] Notes - Government grants

01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Disclosure of notes on government grants explanatory [TextBlock]
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0
[201200] Notes - Employee benefits

01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Textual information (24) Textual information (25)
Disclosure of employee benefits explanatory [TextBlock] [See below] [See below]
89
Disclosure of employee benefits explanatory [Text Block]

21. Employee benefit plans
Amount of Rs 3,617,296 (31 March 2014: Rs 1,632,173) being contribution to Provident Fund (refer Note 18) is recognized as an expense and
included in Employee benefits expense in the statement of profit and loss.
Gratuity cost recognized in the statement of profit and loss of Rs 2,622,009 (31 March 2014: Rs 957,288).
The following table summarizes the principal assumptions used for defined benefit obligation:
Particulars 31 March 2015 31 March 2014
Discount rate (per annum) 7.95% 9.35%
Estimated rate of return on plan assets N.A. N.A.
Salary escalation rate (per annum) 12% 12%
Withdrawal rate Age (Years) Rate Rate
21 - 30 10% 10%
90
31 - 40 5% 5%
41 - 50 3% 3%
51 - 59 2% 2%
Estimates of future salary increases considered in actuarial valuation take account of inflation, seniority, promotions and other relevant factors
such as supply and demand in the employment market. The Company's liability on account of gratuity is not funded.
Compensated leave absences recognized in the Statement of Profit and Loss is Rs.1,275,780 (31 March 2014: Rs 452,321).
Disclosure of employee benefits explanatory [Text Block]

Employee benefit plans
Amount of Rs 1,632,173 (31 March 2013: Rs 1,806,251) being contribution to Provident Fund (refer Note 23) is recognized as an expense and
included in b
[300400] Notes - Employee share-based payments

01/04/2014
to
31/03/2015
Disclosure of notes on employee share-based payment arrangements explanatory Textual information (26)
91
Disclosure of notes on employee share-based payment arrangements explanatory [Text Block]

21. Employee stock option plan
Trendsutra Cayman Holdings 2011 Equity Incentive Plan
On 30 November 2011, the Board of Trendsutra Cayman Holdings, ultimate holding company, approved the Trendsutra Cayman Holdings 2011
Equity Incentive Plan ('the Scheme'), which covers the employees of the ultimate holding company and its subsidiaries. The Scheme is
administered and supervised by the Committee of the ultimate holding company.
As per the Scheme, the Committee shall issue stock options to the employees, which would vest in tranches over a period of 4 years as follows:
Period within which options will vest unto the participant % of options that will vest
End of 12 months from the date of grant of options 25
Every month thereafter until the end of 48 months from the date of grant of the option 2.08
Further, the participants shall exercise the options within a period of nine years commencing on or after the expiry of twelve months from the date
of grant of the options.
28 Employee Stock Option Plan (Continued)
92
Employee stock option activity under Scheme 2011 is as follows:
31 March 2015 31 March 2014
Outstanding at beginning of the year 398,088 404,082
Granted during the year 67,875

42,775
Forfeited during the year (27,516)

(28,755)
-
Exercised during the year -
-
Transfer in
200
-
Transfer out
(8,000)
Outstanding at the end of the year 450,661 410,303
Vested and exercisable at the end of the year 261,992 160,955
Note:
Exercise price range: The option granted during the year have Rs Nil (31 March 2014: Rs Nil) exercise
price
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The Guidance Note on 'Accounting for employee share based payments' issued by the Institute of Chartered Accountants of India (ICAI)
('Guidance Note') establishes financial accounting and reporting principles for share based payment plans for employees. The Guidance Note
applies to employee share based payments, the grant date in respect of which falls on or after 1 April 2005. The Company follows the intrinsic
value method to account for compensation expense arising from issuance of stock options to the employees. The compensation cost recorded in
books represents the difference between the exercise price and the fair value of the shares as determined by an independent valuer. The
compensation cost is recorded over the vesting period of the stock options. Had compensation cost been determined under the fair value approach
described in the Guidance Note, using the Black Scholes pricing model, the Company's net income and basic earnings per share would have been
reduced to the proforma amounts as set out below:
31 March 2015 31 March 2014
Net income as reported (882,438,547) (300,792,916)
Add: Stock-based employee compensation expense (intrinsic value method) 51,775,618 52,225,160
Less: Stock-based employee compensation expense (fair value method) (51,775,618) (52,225,160)
Proforma net income (882,438,547) (300,792,916)
Basic earnings per share as reported (Rs) (11.71) (19.38)
Proforma basic earnings per share (Rs) (11.71) (19.38)
28 Employee Stock Option Plan (Continued)
The key assumptions used to estimate the fair value of options are:
31 March 2015 31 March 2014
94
Dividend yield 0% 0%
Expected life 5.5-7 years 5.5-7 years
Risk free interest rate 0.72% to 1.73% 0.72% to 1.73%
Volatility (since unlisted) 0% 0%
Market value Independent valuer report Independent valuer report
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] RP1 RP2
01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014
Disclosure of relationship and transactions between
related parties [Abstract]
related parties [LineItems]
Anupama
Name of related party Ambareesh Murty Ambareesh Murty
Vedantam
Anupama Vedantam
Country of incorporation or residence of related

INDIA INDIA INDIA INDIA
party
Permanent account number of related party ACHPM2338L ACHPM2338L ACSPV0572G ACSPV0572G
Key Management Key Management Key Management
Description of nature of related party relationship Key Management Personnel
Personnel Personnel Personnel
Description of nature of transactions with related REMUNERATION,SHORT
remuneration
party TERM BORROWINGS
Related party transactions [Abstract]
Advances given during year related party
72,00,000
transactions
Advances taken during year related party
36,00,000 36,00,000
transactions
Reimbursement of expenses incurred by
related party during year related party 2,14,907
transactions
Other related party transactions expense 2,90,736
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 72,37,649 20,97,996 4,31,573 9,81,800
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 36,31,537
Maximum amount payable to related party during
36,31,537
period
Description of other related party Amount payable 'Includes
Short Term Borrowing Rs.
transactions which are necessary for 3600000/- and Current
understanding of financial statements Liabilities Rs. 31537/-
95
Disclosure of relationship and transactions between related parties [Table] ..(2)

Categories of related parties [Axis] RP3 RP4
01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014
related parties [Abstract]
related parties [LineItems]
TrendSutra Client Services TrendSutra Client Services Trendsutra Cyprus Trendsutra Cyprus
Name of related party Private Limited Private Limited Limited Limited
Country of incorporation or residence of related
INDIA INDIA CYPRUS CYPRUS
party
CIN of related party U74999MH2011PTC220343 U74999MH2011PTC220343
Description of nature of related party relationship Fellow Subsidiary company Fellow Subsidiary company Holding company Holding company
Description of nature of transactions with related
inter corporate deposits Shares Issued
party
Related party transactions [Abstract]
Purchases of goods related party transactions 24,01,792 90,608
Revenue from rendering of services related
2,99,22,554
party transactions
Advances given during year related party
39,79,56,218 8,26,63,722
transactions
Advances taken during year related party
39,90,49,576 8,79,34,713
transactions
Interest received during year related party
19,70,832 6,60,619
transactions
Interest paid during year related party
7,74,656 5,453
transactions
Reimbursement of expenses incurred on
behalf of company during year related 6,78,01,198 46,04,704
party transactions
Reimbursement of expenses incurred by
related party during year related party 2,33,53,994 3,13,43,504
transactions
Transfers under finance agreements related
party transactions [Abstract]
Equity contributions received under
finance agreements related party 84,66,20,370 18,49,14,630
transactions
Other related party transactions expense 92,277 1,61,78,714
Other related party transactions income 1,67,33,398 1,55,306
Outstanding balances for related party
transactions [Abstract]
Amounts receivable related party transactions 34,44,802
Description of other related party
transactions which are necessary for [See below]
understanding of financial statements

01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Disclosure of notes on related party explanatory [TextBlock] [See below] [See below]
Whether there are any related party transactions during year Yes Yes
Whether company is subsidiary company Yes Yes
Section under which company is subsidiary Section 2(87)(ii) Section 2(87)(ii)
96
Description of other related party transactions which are necessary for understanding of financial statements
Expenses incurred on behalf of the Company includes logistic charges Rs. 30460096/-, Salary Rs. 810303/- , ESOP Compensation Rs. 29755/-and
other charges Rs. 43350/-, Other related party transactions expenses includes Collection by other Rs. 10029765/- Transaction support services
provided Rs. 6067444/- , Gratuity Liability Transferred from Rs. 54269/- Compensated Absence Liability transferred Rs. 27236/-, Other related
Party Transactions Income includes Gratuty Liability transferred to Rs. 103738/- and Compensated Absence Laibility transferred to Rs. 51568/-,
receivable includes trade receivable
97
Disclosure of notes on related party explanatory [Text Block]

21. Related party transactions
1. Names of related parties and description of relationships:
a) Ultimate holding company - Trendsutra Cayman Holdings
b) Holding company - Trendsutra Cyprus Limited
c) Fellow subsidiary - Trendsutra Client Services Private Limited
d) Key managerial personnel - Ambareesh Murty
- Anupama Vedantam (upto 01 September 2014)
- Kashyap Vadapalli (w.e.f. 01 September 2014)
2. Transactions during the year and balance outstanding as at year end with the related parties are as follows:
Particulars Holding company Fellow subsidiary Key managerial person Total
Shares issued
Trendsutra Cyprus Limited 846,620,370 - - 846,620,370
(184,914,630) (-) (-) (184,914,630)
Managerial remuneration (including provision for bonus)
98
Ambareesh Murty - - 7,237,649 7,237,649
(-) (-) (2,097,996) (2,097,996)
Anupama Vedantam - - 431,573 431,573
(-) (-) (981,800) (981,800)
Kashyap Vadapalli - - 4,084,900 4,084,900
(-) (-) (-) (-)
Short-term borrowings taken (Unsecured, interest free)
Ambareesh Murty - - 3,600,000 3,600,000
(-) (-) (4,600,000) (4,600,000)
Repayment of short-term borrowings (Unsecured, interest free)
Ambareesh Murty - - 7,200,000 7,200,000
(-) (-) (1,000,000) (1,000,000)
Inter-corporate deposits taken (Unsecured)
Trendsutra Client Services Private Limited - 143,783,480 - 143,783,480
(-) (3,144,978) (-) (3,144,978)
99
25 Related party transactions (Continued)
2. Transactions during the year and balance outstanding as at year end with the related parties are as follows (Continued):
Holding Fellow Key managerial

Particulars Total
company subsidiary person
Repayment of inter-corporate deposits taken including interest

(Unsecured)
(-) (3,149,885) (-) (3,149,885)
Interest expense on inter-corporate deposit
Trendsutra Client Services Private Limited - 774,656 - 774,656
(-) (5,453) (-) (5,453)
Inter-corporate deposits given (Unsecured)
(-) (80,153,320) (-) (80,153,320)
Receipt of inter-corporate deposits given including interest

(Unsecured)
(-) (89,225,443) (-) (89,225,443)
100
Interest income on inter-corporate deposit
(-) (660,619) (-) (660,619)
Expenses incurred on behalf of the Company
Trendsutra Client Services Private Limited (Transportation cost) - 64,310,283 - 64,310,283
(-) (30,460,096) (-) (30,460,096)
Trendsutra Client Services Private Limited (Salaries, wages and

- 1,933,905 - 1,933,905
bonus)
(-) (810,303) (-) (810,303)
Trendsutra Client Services Private Limited (ESOP Compensation) - 681,081 - 681,081
(-) (29,755) (-) (29,755)
Trendsutra Client Services Private Limited (Legal and professional 769,029

- 769,029 -
fees)
(-) (-) (-) (-)
101
Expenses incurred on behalf of the Company (continued)
(Order fulfillment cost) (-) (90,608) (-) (90,608)
Trendsutra Client Services Private Limited - - - -
(Other expenses) (-) (43,350) (-) (43,350)
Ambareesh Murty (Other expenses) - - 290,736 290,736
102
(-) (-) (516,404) (516,404)
Reimbursable expenses incurred by the Company
(Salaries, wages and bonus) (-) (4,604,704) (-) (4,604,704)
(Rent) (-) (-) (-) (-)
(Brokerage and commission) (-) (-) (-) (-)
(Office expenses) (-) (-) (-) (-)
(Electricity charges) (-) (-) (-) (-)
(Conference expense) (-) (-) (-) (-)
103
(Other expense) (-) (-) (-) (-)
104
Fellow Key managerial

Particulars Holding company Total
subsidiary person
105
Reimbursable expenses incurred by the Company (continued)
Ambareesh Murty (Mobile and conveyance) - - 214,907 214,907
(-) (-) (63,835) (63,835)
Kashyap Vadapalli (Conveyance) - - 501,863 501,863
(-) (-) (-) (-)
Collection by others on behalf of the Company
(-) (10,029,765) (-) (10,029,765)
Transaction processing charges received (including service

tax)
(-) (6,067,444) (-) (6,067,444)
Shared support services received (including service tax)
(-) (-) (-) (-)
Gratuity liability transferred from
106
(-) (54,269) (-) (54,269)
Gratuity liability transferred to
(-) (103,738) (-) (103,738)
Compensated absence liability transferred from
(-) (27,236) (-) (27,236)

Particulars Total
Compensated absence liability transferred to
107
-
Trendsutra Client Services Private Limited - - -
(-) (51,568) (-) (51,568)
Outstanding balances as at year end
Short-term borrowings (Unsecured, interest free)
Ambareesh Murty - - -
-
(-) (-) (3,600,000) (3,600,000)
Advance received
Trendsutra Client Services Private Limited - 16,799 -

16,799
(-) (-) (-) (-)
Other current liabilities Employee benefits payable
Ambareesh Murty - - -
-
(-) (-) (31,537) (31,537)
Trade payables
(-) (-) (-) (-)
108
Trade receivable
(-) (3,444,802) (-) (3,444,802)
Notes:
1) Certain expenses have not been cross charged by or to the related parties
mentioned above.
2) For Employee Stock Option Plan, refer Note 28.
3) Managerial remuneration excludes gratuity and compensated absences
4) The figure in brackets pertains to related party transactions for the financial
year ended 31 March 2014
109
Disclosure of notes on related party explanatory [Text Block]

28 Related party transactions
1. Names of related parties and description of relationships:
a) Ultimate holding company - Trendsutra Cayman Holdings
b) Holding company - Trendsutra Cyprus Limited
c) Fellow subsidiary - Trendsutra Client Services Private Limited
d) Key managerial person - Ambareesh Murty
- Anupama Vedantam
2. Transactions during the year and balance outstanding as at year end with the related parties are as follows:
Shares issued (including
security premium)
Trendsutra Cyprus Limited 184,914,630 - - 184,914,630
(378,563,020) (-) (-) (378,563,020)
Managerial remuneration
110
Ambareesh Murty - - 2,097,996 2,097,996
(-) (-) (4,095,952) (4,095,952)
Anupama Vedantam - - 981,800 981,800
(-) (-) (1,210,803) (1,210,803)
Ambareesh Murty - - 3,600,000 3,600,000
(-) (-) (5,000,000) (5,000,000)
Inter-corporate deposits taken (Unsecured)
(-) (47,500,000) (-) (47,500,000)
Interest expense on inter-corporate deposit
(-) (420,283) (-) (420,283)
111
Inter-corporate deposits given (Unsecured)
(-) (34,500,000) (-) (34,500,000)
Interest income on inter-corporate deposit
(-) (530,630) (-) (530,630)
Expenses incurred on behalf of the Company
Ambareesh Murty - - - -
(-) (-) (521,547) (521,547)
Trendsutra Client Services Private Limited (logistics charges) - 30,460,096 - 30,460,096
(-) (40,751,452) (-) (40,751,452)
Trendsutra Client Services Private Limited (Salary) - 810,303 - 810,303
(-) (-) (-) (-)
29,755
Trendsutra Client Services Private Limited (ESOP compensation) - 29,755 -
112
(-) (679,646) (-) (679,646)
Trendsutra Client Services Private Limited (Other Expenses) - 43,350 - 43,350
(-) (-) (-) (-)
Reimbursable expenses incurred by the Company
(-) (1,648,241) (-) (1,648,241)
Collection by others on behalf of the Company
(-) (5,013,130) (-) (5,013,130)
Promotional gifts purchased (including central sales tax)
(-) (315,406) (-) (315,406)
Purchase of goods (including central sales tax)
113
(-) (-) (-) (-)
Transaction support services provided (including service tax)
(-) (6,067,440) (-) (6,067,440)
Gratuity liability transferred from
(-) (62,842) (-) (62,842)
Gratuity liability transferred to
(-) (76,152) (-) (76,152)
Compensated absences liability transferred from
(-) (-) (-) (-)
Compensated absences liability transferred to
114
(-) (46,368) (-) (46,368)

Particulars Total
Receivables
(-) (-) (-) (-)
Trade payables
(-) (18,645,635) (-) (18,645,635)
Other current liabilities
Ambareesh Murty - - 31,537 31,537
(-) (-) (-) (-)
Ambareesh Murty - - 3,600,000 3,600,000
115
(-) (-) (-) (-)
Inter-corporate deposit (Unsecured)
(-) (8,000,000) (-) (8,000,000)
Interest accrued and due on inter-corporate deposit
(-) (477,567) (-) (477,567)
Notes:
1) For Employee Stock Option Plan, refer Note 33.
2) Managerial remuneration excludes gratuity and compensated absences.
3) Certain expenses have not been cross charged by or to the related

parties mentioned above.
4) The figure in brackets pertains to related party transactions for the

financial year ended
31 March 2013.
116
[201400] Notes - Leases

01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Lease rent
Operating
expense of Rs 23,112,987
lease
(31 March 2014: Rs
7,905,526) has been
L e a s e
Disclosure of leases explanatory [TextBlock] included under
rent expense of Rs
'Rent' in the
7,905,526 (31 March 2013:
statement of profit and
Rs 9,875,966) has been
loss in Note
included under
20.
b
Whether any operating lease has been converted to financial lease or

No No
vice-versa
[300300] Notes - Earnings per share

01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Disclosure of earnings per share explanatory [TextBlock]
Weighted average shares and adjusted weighted average shares [Abstract]
Basic weighted average shares [shares] 7,53,56,459 [shares] 1,55,22,499
Adjusted weighted average shares [shares] 7,53,56,459 [shares] 1,55,22,499
Diluted weighted average shares [shares] 7,53,56,459 [shares] 1,55,22,499
Adjustments of numerator to calculate basic earnings per share [Abstract]
Adjustments of numerator to calculate diluted earnings per share [Abstract]
[202800] Notes - Subsidiary information

01/04/2014
to
31/03/2015
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies No
Whether company has subsidiary companies which are yet to commence
No
operations
Whether company has subsidiary companies liquidated or sold during year No
[201900] Notes - Income taxes

01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Disclosure of notes on income taxes explanatory [TextBlock] [See below] [See below]
117
Disclosure of notes on income taxes explanatory [Text Block]

2.12 Taxation
Income-tax expense comprises current tax (i.e. amount of tax for the year determined in accordance with the income tax laws) and deferred tax
Current tax
Deferred tax
realisation of such asset. Deferred tax asset are reassessed for the appropriateness of their respective carrying values at each balance sheet date.
118
Disclosure of notes on income taxes explanatory [Text Block]
Deferred tax asset 2013-2014 2012-2013
Arising on account of timing difference in:
Business loss/unabsorbed depreciation carry forward

233,105,057 164,602,465
Depreciation
2,528,207 1,418,098
Retirement benefits
779,476 421,366
Employee benefits payable

1,472,817 1,620,553
Rent straightlining 243,662

-
Provision for doubtful trade receivables and advance to

suppliers 332,761 -
Disallowance under section 40(a) 830,854

401,966
238,620,284 169,136,998
Net deferred tax asset*

- -
*In absence of virtual certainity, deferred tax asset has not been
recognised.
119
[202400] Notes - Investments in associates

01/04/2014
to
31/03/2015
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates No
Whether company has associates which are yet to commence operations No
Whether company has associates liquidated or sold during year No
[202500] Notes - Financial reporting of interests in joint ventures

01/04/2014
to
31/03/2015
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures No
Whether company has joint ventures which are yet to commence operations No
Whether company has joint ventures liquidated or sold during year No
[202700] Notes - Cash flow statements

01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 30,78,775 4,46,876
Total cash and cash equivalents 30,78,775 4,46,876
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 3,32,14,408 1,26,56,778
Total income taxes paid (refund) 3,32,14,408 1,26,56,778
120
[100200] Statement of profit and loss

01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Statement of profit and loss [Abstract]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 0 0
Revenue from sale of services 23,42,13,655 6,54,77,401
Other operating revenues 17,47,715 18,60,900
Total revenue from operations other than finance company 23,59,61,370 6,73,38,301
Total revenue from operations 23,59,61,370 6,73,38,301
Other income 1,70,48,512 82,30,865
Total revenue 25,30,09,882 7,55,69,166
Expenses [Abstract]
Cost of materials consumed 0 0
Changes in inventories of finished goods, work-in-progress and
0 0
stock-in-trade
Employee benefit expense 15,01,62,688 10,17,85,905
Finance costs 11,43,332 6,25,723
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 1,53,32,902 95,60,942
Amortisation expense 23,17,520 8,48,723
Total depreciation, depletion and amortisation expense 1,76,50,422 1,04,09,665
CSR expenditure 0 0
Other expenses 96,64,91,986 26,35,40,789
Total expenses 113,54,48,428 37,63,62,082
Total profit before prior period items, exceptional items, extraordinary
-88,24,38,546 -30,07,92,916
items and tax
Total profit before extraordinary items and tax -88,24,38,546 -30,07,92,916
Total profit before tax -88,24,38,546 -30,07,92,916
Tax expense [Abstract]
Deferred tax 0 0
Total tax expense 0 0
Total profit (loss) for period from continuing operations -88,24,38,546 -30,07,92,916
Total profit (loss) for period before minority interest -88,24,38,546 -30,07,92,916
Total profit (loss) for period -88,24,38,546 -30,07,92,916
Earnings per equity share [Abstract]
Basic earning per equity share [shares] -11.71 [shares] -19.38
Diluted earnings per equity share [shares] 0 [shares] 0
Nominal value of per equity share [shares] 10 [shares] 10
121
[300500] Notes - Subclassification and notes on income and expenses

01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from sale of products [Abstract]
Revenue from sale of products [Abstract]
Revenue from sale of products, gross 0 0
Total revenue from sale of products 0 0
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Revenue from sale of services, gross 23,42,13,655 6,54,77,401
Total revenue from sale of services 23,42,13,655 6,54,77,401
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues (A) 17,47,715 (B) 18,60,900
Total other operating revenues 17,47,715 18,60,900
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 0 14,57,777
Interest on other current investments (C) 19,70,832 (D) 6,60,619

Total interest income on current investments 19,70,832 21,18,396
Total interest income 19,70,832 21,18,396
Dividend income [Abstract]
Dividend income current investments [Abstract]
Dividend income current mutual funds 1,31,29,779 13,80,498
Total dividend income current investments 1,31,29,779 13,80,498
Total dividend income 1,31,29,779 13,80,498
Net gain/loss on sale of investments [Abstract]
Net gain/loss on sale of current investments 0 50,696
Total net gain/loss on sale of investments 0 50,696
Other non-operating income [Abstract]
Miscellaneous other non-operating income (E) 19,47,901 (F) 46,81,275
Total other non-operating income 19,47,901 46,81,275
Total other income 1,70,48,512 82,30,865
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Other interest charges (G) 3,68,676 (H) 6,20,270
Total interest expense 3,68,676 6,20,270
Other borrowing costs (I) 7,74,656 (J) 5,453

Total finance costs 11,43,332 6,25,723
Employee benefit expense [Abstract]
Salaries and wages 8,51,14,116 4,39,32,867
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 36,26,224 16,35,989
Total contribution to provident and other funds 36,26,224 16,35,989
Expense on employee stock option scheme and employee stock purchase plan 5,17,75,618 5,22,25,160
Leave encashment expenses 12,75,780 4,52,321
Gratuity 26,22,009 9,57,288
Staff welfare expense 57,48,941 25,82,280
Total employee benefit expense 15,01,62,688 10,17,85,905
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 0 0
Power and fuel 0 0
Rent 2,31,12,987 79,05,526
122
Repairs to building 0 0
Repairs to machinery 0 0
Insurance 7,88,981 1,25,822
Rates and taxes excluding taxes on income [Abstract]
Cost taxes other levies by government local authorities 1,31,70,124 9,81,180
Total rates and taxes excluding taxes on income 1,31,70,124 9,81,180
Electricity expenses 25,77,097 19,85,920
Telephone postage 28,19,797 20,21,415
Printing stationery 19,45,045 15,18,243
Travelling conveyance 87,55,906 31,69,857
Legal professional charges 76,18,963 77,97,822
Training recruitment expenses 53,56,126 2,19,155
Directors sitting fees 0 0
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Other benefits to directors 0 0
Total remuneration to directors 0 0
Remuneration to managers [Abstract]
Other benefits to managers 0 0
Total remuneration to managers 0 0
Total managerial remuneration 0 0
Donations subscriptions 4,45,389 1,48,025
Seminars conference expenses 70,059 4,44,753
Bank charges 2,03,963 2,39,919
Advertising promotional expenses (K) 67,79,98,162 (L) 13,35,17,373

Commission paid other selling agents 40,05,584 0
Cost repairs maintenance other assets 1,60,53,433 40,57,853
Cost information technology [Abstract]
Cost software (M) 9,05,567 (N) 15,93,056
Cost communication connectivity (O) 1,71,57,711 (P) 2,04,55,148
Total cost information technology 1,80,63,278 2,20,48,204
Cost transportation [Abstract]
Cost other transporting 9,45,43,976 5,00,58,076
Total cost transportation 9,45,43,976 5,00,58,076
Provision bad doubtful debts created 2,22,764 11,05,887
Provision bad doubtful loans advances created 0 0
Write-off assets liabilities [Abstract]
Miscellaneous expenditure written off [Abstract]
Other miscellaneous expenditure written off 0 0
Total miscellaneous expenditure written off 0 0
Bad debts written off 0 75,820
Bad debts advances written off 0 0
Total write-off assets liabilities 0 75,820
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
0 47,573
tangible asset
Payments to auditor [Abstract]
Payment for audit services 10,18,900 14,75,001
Payment for reimbursement of expenses 60,000 55,270
Total payments to auditor 10,78,900 15,30,271
Miscellaneous expenses 8,76,61,452 2,45,42,095
Total other expenses 96,64,91,986 26,35,40,789
123
Footnotes
(A) Shipment Cost to customer- rs.1433322/- Penalty to MPV: Rs. 314393/-
(B) Shipment cost to customer
(C) Interest on inter-corporate deposits
(D) Interest on inter-corporate deposits
(E) Sundry balances written-back
(F) Sundry balances written-back
(G) Interest expense on: - Late payment of tax deducted at source Rs. 349946/- '- Late payment of service tax Rs. 16287/-- Interest
payable to micro and small enterprises Rs. 2443/-
(H) Interest expense on: - Late payment of tax deducted at source Rs. 553302/- '- Late payment of service tax Rs. 66968/-
(I) - Inter-corporate deposits
(J) - Inter-corporate deposits
(K) Advertisement and marketing expenses 553469950 Business promotion 124528212
(L) Advertisement and marketing Rs. 95537525/- Business promotion Rs. 37979848/-
(M) Website development and maintenance
(N) Website development and maintenance
(O) Datahosting charges
(P) Datahosting charges
[300600] Notes - Additional information statement of profit and loss
Details of raw materials consumed [Table] ..(1)

Categories of raw materials consumed [Axis] Raw materials consumed [Member] Raw materials consumed 1 [Member]
01/04/2014 01/04/2013 01/04/2014 01/04/2013
to to to to
31/03/2015 31/03/2014 31/03/2015 31/03/2014
Additional information on profit and loss account
[Abstract]
Additional details in case of manufacturing companies
[Abstract]
Details of raw materials consumed [Abstract]
Details of raw materials consumed [LineItems]
Description of raw materials category NA NA
Total raw materials consumed 0 0 0 0
124

01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Additional information on profit and loss account explanatory [TextBlock]
Changes in other inventories 0 0
Total changes in inventories of finished goods, work-in-progress and
0 0
stock-in-trade
Revenue other services 23,42,13,655 6,54,77,401
Total gross income from services rendered 23,42,13,655 6,54,77,401
Expenditure on other matters 0

(A) 2,60,14,766
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 0 2,60,14,766
Special dividend remitted in foreign currency 0 0
Total amount of dividend remitted in foreign currency 0 0
Earnings on other income 0 0
Total earnings in foreign currency 0 0
Export sale traded goods 0 0
Total export turnover goods, gross 0 0
Total revenue from sale of products 0 0
Domestic revenue services (B) 23,42,13,655 (C) 6,54,77,401

Export revenue services 0 0
Total revenue from sale of services 23,42,13,655 6,54,77,401
Gross value of transaction with related parties as per AS-18 0 0
Bad debts of related parties as per AS-18 0 0
Footnotes
(A) Datahosting Charges Rs. 12379542/- Advertisement and Marketing Expenses Rs. 13635224/-
(B) COMMISSION INCOME
(C) COMMISSION INCOME
[300100] Notes - Revenue

01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Disclosure of revenue explanatory [TextBlock] [See below] [See below]
Disclosure of revenue explanatory [Text Block]

125
Disclosure of revenue explanatory [Text Block]

[202200] Notes - Effects of changes in foreign exchange rates

31/03/2015 31/03/2014
Disclosure of notes on effect of changes in foreign exchange rates
explanatory [TextBlock]
Details of change in classification of significant foreign operation
[Abstract]
Impact of change in classification of significant foreign operation
0 0
on shareholders' fund
126
[300700] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Key managerial personnels and directors [Axis] CS4 CS5 DIR1 DIR2
01/04/2014 01/04/2014 01/04/2014 01/04/2014
to to to to
31/03/2015 31/03/2015 31/03/2015 31/03/2015
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[Abstract]
Disclosure of key managerial personnels and directors
and remuneration to key managerial personnels and
directors [LineItems]
LIPARE
SAVITA RASHMI AMBARESH KASHYAP A
Name of key managerial personnel or director ARCHANA
OMPRAKASH MURTY VADAPALLI
SACHIN
Director identification number of key managerial
03279054 06963638
personnel or director
Permanent account number of key managerial
AOEPB3081J CECPS1929E
personnel or director
Date of birth of key managerial personnel or
30/06/1972 18/09/1972
director
Designation of key managerial personnel or director Company Secretary Company Secretary Whole Time Director Whole Time Director
Qualification of key managerial personnel or PGDBM from IIM BE, MBA from IIM
Company Secretary Company Secretary
director Calcutta Calcutta
Shares held by key managerial personnel or director [shares] 0 [shares] 0 [shares] 1 [shares] 0
Key managerial personnel or director remuneration
[Abstract]
Gross salary to key managerial personnel or
director [Abstract]
Salary key managerial personnel or director 1,59,344 3,85,408 72,37,649 40,84,900
Gross salary to key managerial personnel or
1,59,344 3,85,408 72,37,649 40,84,900
director
Total key managerial personnel or director
1,59,344 3,85,408 72,37,649 40,84,900
remuneration
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(2)
Key managerial personnels and directors [Axis] DIR3
01/04/2014
to
31/03/2015
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and
directors [Abstract]
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and
directors [LineItems]
Name of key managerial personnel or director Anupama Vedantam
Director identification number of key managerial personnel or director 05110340
Date of birth of key managerial personnel or director 19/04/1976
Whole Time
Designation of key managerial personnel or director Director
PGDP in
Qualification of key managerial personnel or director Communications
Shares held by key managerial personnel or director [shares] 0
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Salary key managerial personnel or director 4,31,573
Gross salary to key managerial personnel or director 4,31,573
Total key managerial personnel or director remuneration 4,31,573
127
[301000] Notes - Corporate social responsibility

01/04/2014 01/04/2013
to to
31/03/2015 31/03/2014
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
No No
company
128

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TrendSutra Platform Services Private Limited

Standalone Financial Statements for period 01/04/2014 to 31/03/2015

[400100] Disclosure of general information about company

Disclosure of principal product or services [Table] ..(1)

[400400] Disclosures - Directors report

Details of shareholding pattern [Table] ..(1)

Percentage of total shares held at end of

Percentage of total shares held at end of

Details of shareholding pattern [Table] ..(2)

Details of contracts/arrangements/transactions not at arm's length basis [Table] ..(1)

Details of shareholding of promoters [Table] ..(1)

Particulars of holding, subsidiary and associate companies [Table] ..(1)

Details of indebtedness of company [Table] ..(1)

Details of directors signing board report [Table] ..(1)

Details of change in promoters? shareholding [Table] ..(1)

Details of shareholding pattern of top 10 shareholders [Table] ..(1)

Percentage of total shares held at end of period 100.00% 0.00%

Percentage of total shares held at end of period 100.00% 0.00%

Percentage of total shares held at end of period 100.00% 0.00%

Increase decrease in shareholding during year [shares] 8,46,62,037 [shares] 0

Percentage of total shares held at end of period 100.00% 0.00%

Percentage of total shares held at end of period 100.00% 0.00%

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

Details of directors or key managerial personnels who were NIL

Disclosure of companies which have become or ceased to be its

Details of deposits which are not in compliance with requirements

Details of significant and material orders passed by

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

Trendsutra Platform Services Private Limited

Total Income 253,009,882 75,569,166

Total Expenditure 1,135,448,428 376,362,082

Profit/ Loss Before Tax (882,438,546) (300,792,916)

Less: Provision for Taxation -

Deferred tax liabilities -

Appropriation: Equity Dividend -

Profit Attributable to Shareholder's (882,438,546) (300,792,916)

EPS Basic (11.71) (19.38)

2. REVIEW OF OPERATIONS AND OVERALL PERFORMANCE

3. CHANGE IN THE NATURE OF BUSINESS :

4. EVENTS SUBSEQUENT TO THE DATE OF FINANCIAL STATEMENTS:

The provisions Corporate Social Responsibility is not applicable to the company.

6. RISK MANAGEMENT POLICY:

11. AUDITORS' REPORT :

12. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186 :

13. DIRECTOR'S RESPONSIBILITY STATEMENT

15. AUDITORS AND AUDITORS REPORT

18. SHARE CAPITAL

19. HUMAN CAPITAL

20. PARTICULARS OF EMPLOYEES

22. Annual Return

23. I nternal financial control:

For and on behalf of the Board of Directors

For Trendsutra Platform Services Private Limited

Ambareesh Murthy Kashyap Vadapalli

(DIN 03279054) (DIN 0696363)

Date: 28th September, 2015

Textual information (2)

Description of state of companies affair

Textual information (3)

Details regarding energy conservation

Textual information (4)