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8th Annual Report(2018-19)
Filtra Consultants And Engineers Limited
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
BOARD OF DIRECTORS
DIRECTORS : MR. KETAN KHANT (DIN: 03506163) Chairman & Managing Director : MRS. ANJALI KHANT (DIN: 03506175) Whole‐time Director : MR. ASHFAK MULLA (DIN: 03506172)
Whole‐time Director : MR. ABHAY NALAWADE (DIN: 00342055)
Independent Director : MR. YOGESH TAVKAR (DIN: 07011793)
Independent Director : MR. HARESH MALUSARE (DIN: 02246773)
Independent Director
CHIEF FINANCIAL OFFICER : MS. VAISHALI PAI (Appointed w.e.f. May 30, 2018)
COMPANY SECRETARY AND COMPLIANCE OFFICER : MR. PARAG BODHA (Appointed w.e.f. August 23, 2018)
AUDITORS : M/S. KRUNAL M. SHAH & COMPANY
Chartered Accountants
BANKERS : AXIS BANK IDBI BANK HDFC BANK
REGISTERED OFFICE : 1501, SYNERGY BUSINESS PARK,
SAHAKAR WADI, OFF AAREY ROAD, NEAR SYNTHOFINE INDUSTRIAL ESTATE, GOREGAON (E), MUMBAI ‐ 400063
TEL. NO.: 022‐6189 8700 VASAI OFFICE : IND. GALA NO.3 & 4, GROUND FLOOR, NEMINATH INDUSTRIAL ESTATE NO. 1, SURVEY NO. 29
PLOT NO. 10, NAVGHAR, VASAI (EAST), PALGHAR – 401210
PUNE OFFICE : SHOP NO. W‐27, T ‐ BLOCK, MIDC, BHOSARI, PUNE ‐ 411026. NAGPUR OFFICE : PLOT NO.33, JAI HIND CO‐OPERATIVE SOCIETY,
GANGADHAR FADNAVIS LAYOUT, KHADGAON ROAD, WADI NAGPUR ‐ 440023
AHMEDABAD OFFICE : 214‐B, NILKANTH PALACE, OPP. SEEMA HALL, 100 FT. ANAND NAGAR ROAD, SATELLITE, AHMEDABAD ‐ 380 015
INDORE OFFICE : PLOT NO F/43, GROUND FLOOR, MANGAL NAGAR, NEAR A B ROAD, INDORE, MADHYA PRADESH ‐ 452001
REGISTRAR & SHARETRANSFER AGENT : BIG SHARE SERVICES PRIVATE LIMITED 1ST FLOOR, BHARAT TIN WORKS BUILDING,
OPP. VASANT OASIS, MAKWANA ROAD, MAROL, ANDHERI (EAST), MUMBAI – 400059 TEL. NO.: 022 ‐62638200
1
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
NOTICE
NOTICE is hereby given that the 8th Annual General Meeting of the Members of Filtra Consultants and Engineers Limited will be held on Thursday, August 22, 2019 at 11.30 a.m. at the Registered Office of the Company situated at 1501, Synergy Business Park, Sahakar Wadi, Off Aarey Road, Near Synthofine Industrial Estate, Goregaon (E), Mumbai – 400 063 to transact the following business: ORDINARY BUSINESS: 1. a) To receive, consider and adopt the Standalone Audited Financial Statement of the Company for the
Financial Year ended March 31, 2019 including the Audited Balance Sheet as at March 31, 2019 and Statement of Profit & Loss and Cash Flow Statement of the Company for the financial year ended on that date and notes related thereto along with the Board’s Report and Auditor’s Report thereon.
b) To receive, consider and adopt the Consolidated Audited Financial Statement of the Company for the Financial Year ended March 31, 2019 including the Audited Balance Sheet as at March 31, 2019 and Statement of Profit & Loss and Cash Flow Statement of the Company for the financial year ended on that date and notes related thereto along with the Board’s Report and Auditor’s Report thereon.
2. To confirm the 1st Interim Dividend on Equity Shares declared for the financial year 2018‐19. 3. To declare final Dividend on Equity Shares for the financial 2018‐19.
4. To appoint a Director in place of Mrs. Anjali Khant (DIN: 03506175), who retires by rotation and being
eligible, offered herself for re‐appointment.
5. To reappoint the Statutory Auditors of the Company and to fix their remuneration: M/s. Krunal M. Shah & Co. Chartered Accountants (Firm Registration No. 131794W) were appointed as Statutory Auditors of the Company by the Members in the AGM held on September 30, 2014 for a period of 5 years and whose tenure is valid till the conclusion of the ensuing Annual General Meeting. The Audit Committee, in their meeting held on May 22, 2019, has proposed and the Board of Directors has recommended the re‐appointment of M/s. Krunal M. Shah & Co. Chartered Accountants (Firm Registration No. 131794W) as Statutory Auditors of the Company for a further period of 5 years. M/s. Krunal M. Shah & Co. will hold office for a further period of 5 consecutive years from the conclusion of the Eighth Annual General Meeting of the Company till the conclusion of the Thirteen Annual General Meeting, i.e. Annual General Meeting to be held for the financial year 2023‐24. Therefore, the Members are requested to consider and, if thought fit, to pass, with or without modification(s), the following resolution as an Ordinary Resolution:
“RESOLVED THAT pursuant to provisions of Section 139, 141, 142 and other applicable provisions of the Companies Act, 2013, if any, read with the Companies (Audit & Auditors) Rules, 2014, (including any statutory modification(s) or re‐enactment thereof for the time being in force), and in pursuance of the recommendation of the Audit Committee and the Board of Directors, M/s. Krunal M. Shah & Co, Chartered Accountants, Mumbai (Firm Registration No: 131794W) be and are hereby re‐appointed as the Statutory Auditors of the Company to hold office for a period of five years i.e. from the conclusion of this Annual General Meeting till the conclusion of the Sixth consecutive Annual General Meeting (with the meeting wherein such appointment has been made being counted as the first meeting) i.e. till the conclusion of the Annual General Meeting to be held for the Financial Year 2023‐24, on a remuneration as may be recommended by the Audit Committee and mutually agreed between the Board of Directors of the Company and the Auditors at a later date.”
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FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
SPECIAL BUSINESS: 6. To consider re‐appointment of Mr. Abhay Nalawade (DIN: 00342055) as an Independent Director for a
second term of five consecutive years, in terms of Section 149 of the Companies Act, 2013.
To consider and, if thought fit, to pass, with or without modification(s), the following resolution as a Special Resolution:
“RESOLVED THAT pursuant to the provisions of Section 149, 150, 152 read with Schedule IV and other applicable provisions, if any, of the Companies Act, 2013 and Rules made thereunder (including any statutory modification(s) or re‐enactment thereof for the time being in force), Mr. Abhay Nalawade (DIN: 00342055), who was appointed as an Independent Director of the Company for a term of five years up to September 29, 2019 by the members at the Third AGM, in respect of whom the Company has received a notice in writing under section 160 of the Act from a member proposing his candidature for the office of Director, and who has submitted a declaration that he meets the criteria for independence as provided in the Act and who is eligible for re‐appointment and based on his evaluation of performance the Nomination and Remuneration Committee has recommended his re‐appointment to the Board, be and is hereby re‐appointed as an Independent Director of the Company for a second term of five consecutive years commencing from September 30, 2019 up to September 29, 2024, not liable to retire by rotation.”
7. To consider re‐appointment of Mr. Haresh Malusare (DIN: 02246773) as an Independent Director for a
second term of five consecutive years, in terms of Section 149 of the Companies Act, 2013. To consider and, if thought fit, to pass, with or without modification(s), the following resolution as a Special Resolution: “RESOLVED THAT pursuant to the provisions of Section 149, 150, 152 read with Schedule IV and other applicable provisions, if any, of the Companies Act, 2013 and Rules made thereunder (including any statutory modification(s) or re‐enactment thereof for the time being in force), Mr. Haresh Malusare (DIN: 02246773), who was appointed as an Independent Director of the Company for a term of five years up to February 1, 2020, by the Members at the Extra–Ordinary General Meeting held on February 2, 2015, in respect of whom the Company has received a notice in writing under section 160 of the Act from a Member proposing his candidature for the office of Director and who has submitted a declaration that he meets the criteria for independence as provided in the Act and who is eligible for re‐appointment and based on his evaluation of performance the Nomination and Remuneration Committee has recommended his re‐appointment to the Board, be and is hereby re‐appointed as an Independent Director of the Company for a second term of five consecutive years commencing from February 2, 2020 up to February 1, 2025, not liable to retire by rotation.”
8. To consider re‐appointment of Mr. Yogesh Tavkar (DIN: 07011793) as an Independent Director for a
second term of five consecutive years, in terms of Section 149 of the Companies Act, 2013.
To consider and, if thought fit, to pass, with or without modification(s), the following resolution as a Special Resolution:
“RESOLVED THAT pursuant to the provisions of Section 149, 150, 152 read with Schedule IV and other applicable provisions, if any, of the Companies Act, 2013 and Rules made thereunder (including any statutory modification(s) or re‐enactment thereof for the time being in force), Mr. Yogesh Tavkar (DIN: 07011793), who was appointed as an Independent Director of the Company for a term of five years i.e. up to February 1, 2020, by the Members at the Extra–Ordinary General Meeting held on February 2, 2015, in respect of whom the Company has received a notice in writing under section 160 of the Act from a Member proposing his candidature for the office of Director and who has submitted a declaration that he meets the criteria for independence as provided in the Act and who is eligible for re‐appointment and based on his evaluation of performance the Nomination and Remuneration Committee has recommended his re‐appointment to the Board, be and is hereby re‐appointed as an Independent Director of the Company for a second term of five consecutive years commencing from February 2, 2020 up to February 1, 2025, not liable to retire by rotation.”
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FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
By the order of the Board For Filtra Consultants and Engineers Limited, Sd/‐ Ketan Khant Chairman and Managing Director (DIN: 03506163) Address: 17‐34‐A, Kutchi House, Brahmanwada Road, Matunga, Mumbai – 400019 Date: July 23, 2019 Place: Mumbai Registered Office: 1501, Synergy Business Park, Sahakar Wadi, Off Aarey Road, Near Synthofine Industrial Estate, Goregaon (E), Mumbai – 400063 NOTES: 1. A Member entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy/
proxies to attend and vote instead of himself/herself and the proxy/proxies need not be a Member of the Company. The proxies, in order to be valid, must be duly completed, stamped and signed and must reach the Company’s Registered Office not less than 48 hours before the commencement of the meeting. A person can act as a proxy on behalf of Members not exceeding fifty (50) and holding in the aggregate not more than ten percent of the total share capital of the Company carrying voting rights. A Member holding more than ten percent of the total share capital of the Company carrying voting rights may appoint a single person as his/her proxy and such person shall not act as a proxy for any other person or Member. A proxy form is sent herewith. Proxies submitted on behalf of the Companies, Societies etc., must be supported by an appropriate resolution/authority, as applicable. The Proxy‐holder shall prove his/her identity at the time of attending the Meeting.
2. Map of venue of the AGM is enclosed after the notice. 3. The relevant Statement pursuant to Section 102 of the Companies Act, 2013 (‘the Act’), setting out the
material facts relating to the special business, as set out in the Notice, is annexed hereto and forms part of the notice of this AGM.
4. The Company’s Registrar & Share Transfer Agents are M/s. Bigshare Services Private Limited (‘R & TA’)
located at 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai ‐ 400059, Maharashtra, Tel. No.: 022 ‐62638200
5. The Register of Members and the Share Transfer Books of the Company will remain closed from Saturday, August 17, 2019 to Thursday, August 22, 2019 (both days inclusive) for taking record of the Members of the Company for the purpose of AGM and determining the names of the Members eligible for payment of final dividend on equity shares for the financial year 2018‐19, if declared at the AGM.
6. The Dividend, if declared at the AGM, would be paid/dispatched on/after Thursday, August 22, 2019 but within thirty days from the date of declaration of dividend to those persons (or their mandates): i. whose names appear as beneficial owners as at the end of the business hours on Saturday,
August 17, 2019 in the list of the Beneficial Owners to be obtained from the Depositories i.e. National Securities Depository Limited and Central Depository Services (India) Limited, in respect of the shares held in electronic/dematerialized mode; and
ii. Whose names appear as Members in the Register of Members of the Company as on Saturday, August 17, 2019, in respect of the shares held in physical mode.
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FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
In respect of the Members holding shares in electronic form, the bank details obtained from the respective depositories will be used for the purpose of distribution of dividend through various approved/permissible electronic mode of payment viz. Electronic Clearing Services (ECS), National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), etc. The Company/R & TA will not act on any direct request from the Members holding shares in dematerialized form for change/deletion of such bank details. Such changes are to be intimated by the Members to their Depository Participants. In respect of the Members holding shares in the physical form, the bank details obtained from the R&TA will be used for the purpose of distribution of dividend through various approved/permissible electronic modes of payment. Any query related to dividend should be directed to R&TA.
7. Members who have not encashed/received the dividend warrants so far in respect of the below mentioned period, are requested to make their claim to the R&TA well in advance before due dates. Members are requested to note that dividends not claimed within seven years from the date of transfer to the Company’s Unpaid Dividend Account, will be transferred to the Investor Education and Protection Funds (IEPF). Pursuant to the provisions of Section 124(2) of the Act read with the Companies (Declaration and Payment of Dividend) Rules, 2014, the Company has uploaded the details of unpaid and unclaimed amounts lying with the Company on its website: www.filtra.in and also on the website of the Ministry of Corporate Affairs.
Due date of transferring unclaimed and unpaid dividends declared by the Company to IEPF, is as follows: Financial Year Date of declaration of
dividend Last date for claiming unpaid/ unclaimed dividend
2018‐19 (1st Interim Dividend) August 23, 2018 September 26, 2025 8. Pursuant to the applicable provisions of the Act read with the IEPF Authority (Accounting, Audit,
Transfer and Refund) Rules, 2016, all unpaid or unclaimed dividends are required to be transferred by the Company to the IEPF established by the Central Government, after the completion of seven years. Further, according to the Rules, the shares in respect of which dividend has not been paid or claimed by the shareholders for seven consecutive years or more shall also be transferred to the demat account created by the IEPF Authority. Since seven years have not been elapsed from the date of transfer of amount to Unpaid Dividend Account, no dividend is due for transfer to IEPF.
9. Members are requested to :‐ i. Write to the Company at least 7 days before the date of the meeting, in case they desire any
information as regards the Audited Financial Statement for the financial year ended March 31, 2019, so as to enable the Company to keep the information ready.
ii. Bring their copy of the Annual Report, Attendance Slip and their photo identity proof at the Annual General Meeting.
iii. Intimate to the Registrar & Transfer Agent (R&TA) of the Company immediately, about any change in their address. Where the shares are held in electronic form, such change is to be informed to the Depository Participant (DP) and not to the Company/ R&TA.
iv. Quote Registered Folio no. or DP ID/Client ID no. in all their correspondence. v. Send all share transfer lodgments physical mode (only in case of transmission or transposition)/
correspondence to the R&TA of the Company, M/s. Bigshare Services Private Limited up to the date of book closure.
vi. Please note that pursuant to SEBI Circular dated December 3, 2018, except, in case of transmission or transposition of securities, requests for effecting transfer of securities shall not be processed unless the securities are held in the dematerialized form with a depository with effect from April 1, 2019.
10. In terms of Section 72 of the Act read with the applicable Rules made under the Act, every holder of shares in the Company may at any time nominate, in the prescribed manner (Form No. SH‐13), a person to whom his/her shares in the Company shall vest, in the event of his/her death. The duly filled in Nomination Form shall be sent to R&TA at the above mentioned address by the Members holding shares in physical mode. Members holding shares in electronic form may contact their respective Depository Participants for availing this facility.
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FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
11. For the convenience of the Members, Attendance Slip is enclosed in the Annual Report. Members/Proxy
Holders/Authorized Representatives are requested to fill in and sign at the space provided therein and submit the same at the venue of the Meeting. Proxy/Authorized Representatives of Members should state on the Attendance Slip as ‘Proxy’ or ‘Authorized Representative’, as the case may be.
12. Corporate Members are requested to forward a certified copy of the Board Resolution authorizing their representatives to attend and vote at the Annual General Meeting.
13. Members are informed that in case joint holders attend the Meeting, only such joint holder who is higher in the order of names in the Register of Members/Beneficial Holders will be entitled to vote.
14. Members, who are holding Shares in identical order of names in more than one Folio, are requested to
apply to the Company/ R&TA along with the relevant Share Certificates for consolidation of such Folios in one Folio.
15. Non‐Resident Indian (NRI) Members are requested to inform the Company / RTA the following
immediately:
i) Change in the residential status on return to India for settling permanently, if any / applicable. ii) Particulars of NRE Bank Account maintained in India with complete name & address of the Bank,
if not furnished earlier.
16. All documents referred to in the accompanying Notice shall be open for inspection at the Registered Office of the Company during normal business hours (10.00 a.m. to 6.00 p.m.) on all working days except Sundays and public holidays, up to and including the date of ensuing Annual General Meeting of the Company.
17. In terms of Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014, Companies listed on SME Segment of Stock Exchanges are exempted from the compliance of provisions related to e‐voting. As the Company is listed on SME Segment of BSE Limited, the e‐voting provisions mentioned in said Section are not applicable. Therefore the Company has not made arrangement for its Members to exercise their right to vote at Annual General Meeting by electronic means.
18. As per Sections 101, 136 and other applicable provisions of the Act, read with the Rules made there under and circulars issued by the Ministry of Corporate Affairs, Companies can now send various reports, documents, communications, including but not limited to notice of General Meetings, annual report, etc. to its Members through electronic mode at their registered e‐mail addresses. The Company believes in green initiative and is concerned about the environment. Hence, 8th Annual Report including inter alia the Board’s Report, Auditor’s Report, Financial Statements, Notice of 8th AGM, Attendance Slip, Proxy Form, etc. is being sent by electronic mode to all the Members whose e‐mail addresses are registered with the Company/R&TA/Depositories unless a Member has requested for a hard copy of the same. For Members who have not registered their e‐mail addresses, physical copies of the relevant documents are being sent by the permitted mode. To support “Green Initiative” in full measure, Members holding shares in Demat form and who have not registered their e‐mail address with the Depositories; are requested to register the same with their DPs. In case of shares hold in physical mode, are requested to contact the R&TA of the Company for updation of their e‐mail Ids. In case you desire to receive the documents mentioned above in physical form, you are requested to send an e‐mail to [email protected] duly quoting his / her DP ID & Client ID or Folio Number, as the case may be, and the said documents will be dispatched to the Members, free of cost. Annual Report is also available on the Company’s website at http://www.filtra.in and will also be made available for inspection at the Registered Office of the Company during business hours.
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FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
19. As a measure of economy, copies of the Annual Report will not be distributed at the Annual General Meeting. Members are, therefore, requested to kindly bring their copies at the time of attending the Meeting.
20. The Securities and Exchange Board of India (SEBI) vide its circular dated April 20, 2018 has mandated registration of Permanent Account Number (PAN) and Bank Account Details for all securities holders. Members holding shares in physical form are therefore, requested to submit their PAN and Bank Account Details to R&TA viz, M/s. Bigshare Services Private Limited by sending a duly signed letter along with self‐attested copy of PAN Card and original cancelled cheque. The original cancelled cheque should bear the name of the Member. In the alternative Members are requested to submit a copy of bank passbook/ statement attested by the bank. Members holding shares in demat form are, requested to submit the aforesaid information to their respective Depository Participant.
21. Approval of the Members is sought for re‐appointment of Mr. Abhay Nalawade (DIN: 00342055), Mr.Haresh Malusare (DIN: 02246773) and Mr. Yogesh Tavkar (DIN: 07011793) as an Independent Directors of the Company at the 8th Annual General Meeting. Further, approval of the Members is also sought for re‐appointment of Mrs. Anjali Khant (DIN: 03506175), who retires by rotation and being eligible, offered herself for re‐appointment. Information required pursuant to Regulation 36(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and as mandated under Secretarial Standards – 2 (para 1.2.5) issued by the Institute of Company Secretaries of India, are given below as Annexure to the Notice and Forms Part of the Explanatory statement.
Map of AGM venue
Landmark: Synthofine Industrial Estate
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FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
EXPLANATORY STATEMENT PURSUANT TO REGULATION 36(5) OF THE SEBI (LODR) REGULATIONS, 2015 IN RESPECT OF THE ITEM NO 5 OF ORDINARY BUSINESS MENTIONED IN THE NOTICE CALLING 8TH ANNUAL GENERAL MEETING AND SECTION 102(1) OF THE COMPANIES ACT, 2013 IN RESPECT OF THE SPECIAL BUSINESS MENTIONED IN THE NOTICE CALLING 8TH ANNUAL GENERAL MEETING Item No. 5: Terms of re‐appointment of Statutory Auditor: Proposed re‐appointment is on existing terms for a period of 5 consecutive years from the conclusion of the Eighth Annual General Meeting of the Company till the conclusion of the Thirteen Annual General Meeting, i.e. Annual General Meeting to be held for the financial year 2023‐24 Proposed Fees payable to Statutory Auditor: Auditors remuneration shall be decided by board of directors on recommendation of Audit Committee. Any material change in the fee payable to such auditor from that paid to the outgoing auditor along with the rationale for such change: Not Applicable as the existing Auditors is proposed to be re‐appointed as Auditors. Basis of recommendation for reappointment of Statutory Auditor: Since tenure of M/s. Krunal M. Shah & Co. is valid upto conclusion of ensuing Annual General Meeting, the Audit Committee has reviewed the performance and Audit Process of the Auditors and considering their experience and performance the Audit Committee has recommend to the Board and accordingly, the Board of Directors is recommending the reappointment of M/s. Krunal M. Shah & Co. for a further period of 5 consecutive years to the Members of the company for their approval at the Annual General Meeting by way of passing an ordinary resolution. None of the other Directors or Key Managerial Personnel of the Company or their relatives are in any way, concerned or interested, financially or otherwise, in the resolution as mentioned at item no. 5 to the notice convening Annual General Meeting. Item No. 6, 7 and 8: In terms of Section 149 and other applicable provisions of the Companies Act, 2013, Members of the Company at the 3rd Annual General Meeting held on September 30, 2014 approved the appointment of Mr. Abhay Nalawade (DIN: 00342055) as an Independent Director of the Company for a period of 5 years i.e. up to September 29, 2019. As per the provisions of Section 149 of the Companies Act, 2013 an Independent Director shall hold office for a term upto five consecutive years on the Board of a Company but shall be eligible for re‐appointment for another term of upto five years on passing of a special resolution by shareholders. In terms of Section 149 and other applicable provisions of the Companies Act, 2013, Members of the Company at the Extra‐Ordinary General Meeting held on February 2, 2015 approved the appointment of Mr. Haresh Malusare (DIN: 02246773) as an Independent Director of the Company for a period of 5 years i.e. up to February 1, 2020. As per the provisions of Section 149 of the Companies Act, 2013 an Independent Director shall hold office for a term upto five consecutive years on the Board of a Company but shall be eligible for re‐appointment for another term of upto five years on passing of a special resolution by shareholders. In terms of Section 149 and other applicable provisions of the Companies Act, 2013, Members of the Company at the Extra‐Ordinary General Meeting held on February 2, 2015 approved the appointment of Mr. Yogesh Tavkar (DIN: 07011793) as an Independent Director of the Company for a period of 5 years i.e. up to February 1, 2020. As per the provisions of Section 149 of the Companies Act, 2013 an Independent Director shall hold office for a term upto five consecutive years on the Board of a Company but shall be eligible for re‐appointment for another term of upto five years on passing of a special resolution by shareholders. The Board of Directors, based on the performance evaluation on various parameters of Independent Directors and recommendation of Nomination and Remuneration Committee and in terms of the provisions of Sections 149, 150, 152 read with Schedule IV and all other applicable provisions of the Act, considered that given the background and contributions made by Mr. Abhay Nalawade(DIN: 00342055), Mr. Haresh Malusare(DIN: 02246773)and Mr. Yogesh Tavkar(DIN: 07011793) during their tenure, their continued association would be
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FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
beneficial to the Company and hence it is desirable to continue to avail their services as Independent Director. Accordingly, The Board of Directors recommends the proposal to re‐appoint Mr. Abhay Nalawade (DIN: 00342055), Mr. Haresh Malusare (DIN: 02246773) and Mr. Yogesh Tavkar (DIN: 07011793) as Independent Directors of the Company, not liable to retire by rotation, for a term as mentioned in the respective special resolutions In the opinion of the Board, Independent Directors fulfills the conditions specified under the Act, the Companies (Appointment and Qualification of Directors) Rules, 2014 for re‐appointment as an Independent Directors of the Company and are independent of the Management. Mr. Abhay Nalawade (DIN: 00342055), Mr. Haresh Malusare (DIN: 02246773) and Mr. Yogesh Tavkar (DIN: 07011793) are not disqualified from being appointed as Directors in terms of Section 164 of the Act and have given their consent to act as Directors. The Company has received notices in writing from a Member pursuant to provision of Section 160 of the Act proposing the candidature of Mr. Abhay Nalawade (DIN: 00342055), Mr. Haresh Malusare (DIN: 02246773) and Mr. Yogesh Tavkar (DIN: 07011793) for the office of Independent Directors of the Company. The Company has also received intimation from Mr. Abhay Nalawade (DIN: 00342055), Mr. Haresh Malusare (DIN: 02246773) and Mr. Yogesh Tavkar (DIN: 07011793), that they meet with the criteria of independence as prescribed under sub‐section (6) of Section 149 of the Act. Details of Directors whose re‐appointment as Independent Directors is proposed at Item Nos. 6, 7, and 8, are provided in the Annexure to the Notice pursuant to the provisions of (i) the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 and (ii) Secretarial Standard on General Meetings (“SS‐2”), issued by the Institute of Company Secretaries of India. Mr. Abhay Nalawade(DIN: 00342055), Mr. Haresh Malusare(DIN: 02246773) and Mr. Yogesh Tavkar(DIN: 07011793)are concerned and interested in the resolutions set out respectively at Item Nos. 6, 7, and 8 of the Notice with regard to their respective re‐appointments. None of the other Directors and Key Managerial Personnel of the Company except, as mentioned above are, in any way, concerned or interested, financially or otherwise, in these resolutions. The Board commends the Special Resolutions set out at Item Nos. 6, 7, and 8 of the Notice for approval by the Members. All documents, including draft letter of appointment setting out the terms and conditions of re‐appointment, referred at item nos. 6, 7 and 8 of the accompanying Notice and the Explanatory Statement are open for inspection for the Members during normal business hours (10.00 a.m. to 6.00 p.m.) on all working days except Sundays and public holidays, up to and including the date of ensuing Annual General Meeting of the Company at the Registered Office of the Company. By the order of the Board For Filtra Consultants and Engineers Limited, Sd/‐ Ketan Khant Chairman and Managing Director (DIN: 03506163) Address: 17‐34‐A, Kutchi House, Brahmanwada Road, Matunga, Mumbai – 400019 Date: July 23, 2019 Place: Mumbai
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FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
Annexure to resolutions mentioned at item no 4, 6, 7 and 8 to the notice calling 8th Annual General Meeting providing details as required to be furnished as per para 1.2.5 of the Secretarial Standard – 2 and Regulation 36(2) of the SEBI (LODR) Regulations, 2015 with respect to Directors seeking appointment or re‐appointment at the 8th Annual General Meeting
Name of the Director and DIN
Mr. Abhay Nalawade (DIN: 00342055)
Mr. Haresh Malusare (DIN: 02246773)
Mr. Yogesh Tavkar (DIN: 07011793)
Date of Birth February 23, 1949 October 3, 1983 November 21, 1968 Age 70 years 36 Years 50 years Nationality Indian Indian Indian Date of Appointment on the Board
September 30, 2014 February 2, 2015 November 6, 2014
Qualification He holds Bachelors Degree in Science, MBA from University of Poona & Management Development Program from Harvard University Graduate School of Business Administration
He holds Masters Degree in Commerce, He also a Bachelors Degree in Law and is a Member of Institute of Company Secretaries of India.
He holds a Bachelors Degree in Arts. He also holds Diploma in Chemical Engineering from Shri Bhagubhai Mafatlal Polytechnic Institute. He has also Completed MBA from Mumbai University.
Brief resume (including nature of expertise in specific functional areas)
He has an experience of around 50 years. He Started his career as a marketing professional and later held various managerial positions in energy/environment technologies Companies. He has around 25 years of experience in Thermax Limited a corporation in the energy and environment field. He is on Advisory Board of Infinite‐uptime (infinite‐uptime.com), which is an IoT Company focused on unique online tracking of mechanical parameters of equipment and plant, tri‐axial high‐frequency mechanical vibrations, temperature and acoustics, etc.
Presently, he is Practicing Company Secretary. In Past he has been associated with Ashapura Minichem Limited, NABARD Consultancy Services Private Limited and Vipul Impex & Infra Build Limited. He has 5 years of experience in Secretarial department in Corporate organization. Currently, he is a Practicing Company Secretary based in Mumbai.
He has experience of around 29 years. In the past he has worked with ICICI Bank in Mumbai for almost 5 years in managing fee based business there including Mutual funds, Insurance and Foreign Exchange. He has also worked with Deutusche Mutual Fund for 9 years in after sales department and was designated as Regional head AVP in Western India Region.
Experience Around 50 years. Around 10 years Around 29 years Shareholding in the Company
Nil Nil Nil
List of Directorship held in other Companies
1. Neeti Solutions Private Limited
2. Dimple International Private Limited
Rak Financial Services Private Limited
Nil
Committee Membership
In our Company he is Chairman of Nomination and Remuneration Committee , Member of Stakeholders’ Relationship and Audit Committee
Chairman of Audit Committee and Member of Nomination and Remuneration and Stakeholders’ Relationship Committee.
Chairman of Stakeholders’ Relationship Committee, Member of Nomination and Remuneration and Audit Committee.
Last Remuneration drawn (Sitting Fees)
Rs. 60,000/‐ in the financial year 2018‐19
Rs.80,000/‐ in the financial year 2018‐19
Rs.60,000/‐ in the financial year 2018‐19
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FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
Remuneration to be drawn after appointment /re‐appointment
No Remuneration will be paid except sitting fees for attending Board Meeting, as recommended by the Nomination and Remuneration Committee and approved by the Board of Directors
Relationship with Directors, Managers or other KMP
Not related to any other Director, Manager or KMP
Number of Meeting of Board attended during the Year (F.Y. 2018‐19)
4 (Four) 6(Six) 5(Five)
Terms and Conditions of Appointment/ re‐ appointment
As per the Explanatory Statement for resolutions at item no 6, 7 and 8 of the Notice of the 8th Annual General Meeting and draft letter of Appointment.
Name of the Director and DIN Mrs. Anjali Khant (DIN: 00342055)Date of Birth January 2, 1970Age 49 years Nationality Indian Date of Appointment on the Board
May 24, 2011
Qualification She holds Diploma in Chemical Engineering from Shri Bhagubhai Mafatlal Polytechnic Institute.
Brief resume (including nature of expertise in specific functional areas)
She has an experience of around 16 years in water treatment industry. She is Director of our Company since incorporation. In the past she has been associated with NGO’s viz.CRY, REAP and RSVK. She has been rank holder in college and has won many certificates for educational excellence in chemical engineering. She is currently looking after Company’s Administrative and Human Development Departments.
Experience Around 16 years.Shareholding in the Company 1499898 Equity sharesList of Directorship held in other Companies
Nil
Committee Membership Nil Last Remuneration drawn Rs.36,25,000/‐(Rupees Thirty Six Lakhs Twenty Five Thousand Only) Remuneration to be drawn after appointment /re‐appointment
As mentioned in the terms and conditions of whole‐time director agreement effective from April 1, 2018 for a period of 3 years.
Relationship with Directors, Managers or other KMP
She is Whole‐time Director of the Company and her husband Mr. Ketan Khant (DIN: 03506163) is Managing Director.
Number of Meeting of Board attended during the Year (F.Y. 2018‐19)
5 (Five)
Terms and Conditions of Appointment/ re‐ appointment
As mentioned in the whole‐time director agreement effective from April 1, 2018 for a period of 3 years.
By the order of the Board For Filtra Consultants and Engineers Limited, Sd/‐ KetanKhant Chairman and Managing Director (DIN: 03506163) Address: 17‐34‐A, Kutchi House, Brahmanwada Road, Matunga, Mumbai – 400019 Date: July 23, 2019 Place: Mumbai
11
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
To
The Members,
Filtra Consultants and Engineers Limited
Your Directors are presenting herewith the
Financial Statement for the financial year ended March 31, 2019
thereon.
1. Financial Results:
The summarized financial results for the financial year ending Ma
under:
Particulars
Total Income
Less: Total Expenses excluding Depreciation
Profit/ (Loss) before Depreciation and Tax
Less: Depreciation
Profit/ (Loss) before Tax
Less: Tax Expenses
Profit/ (Loss) after tax
2. Brief description of the Company’s working during the year/State of
Operational Results:
The Company is trading in various water treatment products such as Multiport Valves, Dosing
System, Electronic dosing pump, Pressure Vessels, Conductivity Meters, Rota Meters etc. Your
Company is one stop solution for all water treatment components, providing wide range of
components and spares, gives advantage and freedom to
parts as per their requirement. In addition to that the Company also assemble the parts and
products as per customer needs. The Company runs business through it’s various branches as well as
through it’s online portal where products are sold on
The total income of the Company increased from Rs.
thousand, registering a growth of
18,396.66/- thousand in the F.Y. 2018
recording an decrease of 16.04%.
of goods.
The Management is taking efforts to increase the revenue
by introducing new technologically advanced products at competitive rates
3. Change in the nature of business, if any:
The Company is in the business of selling water treatment products and provides the related
services. There was no change in nature of business during the period under report.
4. Reserves:
The Board does not propose to carry any amounts to reserves.
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
BOARD’S REPORT
Filtra Consultants and Engineers Limited
Your Directors are presenting herewith the 8th
Annual Report of the Company and the Audited
ancial year ended March 31, 2019 together with the Auditor’s Report
The summarized financial results for the financial year ending March 31, 2019
(Amount in
March 31, 2019
5,38,979.66
Less: Total Expenses excluding Depreciation 5,11,155.83
Profit/ (Loss) before Depreciation and Tax 27,823.83
1,344.92
26,478.91
8,082.25
18,396.66
Brief description of the Company’s working during the year/State of Company’s affairs and
The Company is trading in various water treatment products such as Multiport Valves, Dosing
System, Electronic dosing pump, Pressure Vessels, Conductivity Meters, Rota Meters etc. Your
solution for all water treatment components, providing wide range of
gives advantage and freedom to the clients to choose products and spares
In addition to that the Company also assemble the parts and
products as per customer needs. The Company runs business through it’s various branches as well as
through it’s online portal where products are sold on B2B basis.
e of the Company increased from Rs. 5,35,911.19/- thousand to
sand, registering a growth of 0.57%. Net profits after tax (“PAT”) of the Company stood at
thousand in the F.Y. 2018-19 as against Rs. 21,911.50/- thousand
%. The reason of the decrease in profit is due to increase in Purchase
is taking efforts to increase the revenue and to give better results in coming years
by introducing new technologically advanced products at competitive rates.
Change in the nature of business, if any:
The Company is in the business of selling water treatment products and provides the related
services. There was no change in nature of business during the period under report.
se to carry any amounts to reserves.
FILTRA CONSULTANTS AND ENGINEERS LIMITED
Annual Report of the Company and the Audited
together with the Auditor’s Report
9, are highlighted as
(Amount in Rs Thousands)
March 31, 2018
5,35,911.19
5,04,705.07
31,206.12
1,279.40
29,926.72
8,015.22
21,911.50
Company’s affairs and
The Company is trading in various water treatment products such as Multiport Valves, Dosing
System, Electronic dosing pump, Pressure Vessels, Conductivity Meters, Rota Meters etc. Your
solution for all water treatment components, providing wide range of
to choose products and spares
In addition to that the Company also assemble the parts and sale the
products as per customer needs. The Company runs business through it’s various branches as well as
thousand to Rs. 5,38,979.66/-
of the Company stood at Rs.
in the F.Y. 2017-18,
The reason of the decrease in profit is due to increase in Purchase
and to give better results in coming years
The Company is in the business of selling water treatment products and provides the related
services. There was no change in nature of business during the period under report.
12
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
5. Dividend:
Your Directors are pleased to recommend a final dividend of
Only) per equity share of Rs. 10
ended March 31, 2019. The total outflo
(excluding Dividend Distribution Tax).
The dividend payment is subject to the approval of the Members at the ensuing Annual General
Meeting (‘AGM’) and be paid to the
Members/Beneficial Holders as on Record Date/Book
The dividend, if declared at the AGM, would be paid/dispatched within thirty days from the date of
declaration of dividend to those persons or their mandates:
i. whose names appear as beneficial owners as at the end of the business hours on
August 17, 2019 in the list of the Beneficial Owners to be obtained from the Depositories, i.e.
National Securities Depositor
[CDSL], in respect of the shares held in electronic/dematerialized
ii. Whose names appear as Members in the Register of Members of the Company as on
August 17, 2019, in respect of the shares held in physical mode
In view of the Company’s strong
Directors decided to distribute
declared interim dividend during the financial year 2018
Type of Dividend Date of Board Meeting
1st
Interim Dividend August 23, 2018
*excluding Dividend Distribution Tax paid by the Company
Total dividend payout for the financial year 2018
Further, the details of unclaimed dividend and due dates for transfer of unclaimed dividend to
account has been given in Notes to the Notice calling
6. Issue of Bonus Shares:
The Company had sufficient free reserves
held on August 23, 2018 had decided that the Members of the
reserves and surplus built by
13,70,500 Equity Shares of Rs.10/
Share for existing 5 Equity Shares)
even Lacs Five Thousands Only) out of the Company's Profit and Loss account credit balance.
The approval of the Members was
22, 2018. The said bonus shares were allotted in the Board Meeting held on
members of the Company as on record date i.e.
and trading approval of the BSE for the said shares.
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
Your Directors are pleased to recommend a final dividend of Rs. 1.25/- (One Rupee Twenty Five Paisa
0/- each fully paid up (i.e. @ 12.5% per share) for the fin
. The total outflow on dividend account will be Rs. 10
(excluding Dividend Distribution Tax).
The dividend payment is subject to the approval of the Members at the ensuing Annual General
be paid to the Members whose names appear in the Register of
Members/Beneficial Holders as on Record Date/Book Closure Date fixed for the said purpose.
The dividend, if declared at the AGM, would be paid/dispatched within thirty days from the date of
to those persons or their mandates:
whose names appear as beneficial owners as at the end of the business hours on
in the list of the Beneficial Owners to be obtained from the Depositories, i.e.
National Securities Depository Limited [NSDL] and Central Depository Services (India) Limited
[CDSL], in respect of the shares held in electronic/dematerialized mode; and
hose names appear as Members in the Register of Members of the Company as on
respect of the shares held in physical mode.
In view of the Company’s strong cash generation and positive growth momentum, the Board of
Directors decided to distribute profits to its Members and accordingly the Board of
dividend during the financial year 2018-19 as per details given below:
Date of Board Meeting Rate of Dividend Per Share Dividend
August 23, 2018 15% per share Rs.1.50/- per share
*excluding Dividend Distribution Tax paid by the Company
out for the financial year 2018-19 is Rs. 2.75/- per equity share of Rs.
Further, the details of unclaimed dividend and due dates for transfer of unclaimed dividend to
given in Notes to the Notice calling Eighth AGM.
The Company had sufficient free reserves and profits to its credit. Hence, the Board
decided that the Members of the Company be given the benefit of the
the Company and therefore, the Board recommended issue of
Equity Shares of Rs.10/- each as fully paid-up bonus shares in the ratio of
Shares) by capitalizing a sum of Rs. 1,37,05,000 (Rupees
out of the Company's Profit and Loss account credit balance.
approval of the Members was also taken in the 7th
Annual General Meeting held on
The said bonus shares were allotted in the Board Meeting held on October 9
the Company as on record date i.e. October 6, 2018. Further, the Company had listing
approval of the BSE for the said shares.
FILTRA CONSULTANTS AND ENGINEERS LIMITED
One Rupee Twenty Five Paisa
) for the financial year
w on dividend account will be Rs. 10,278.75 Thousand
The dividend payment is subject to the approval of the Members at the ensuing Annual General
Members whose names appear in the Register of
Closure Date fixed for the said purpose.
The dividend, if declared at the AGM, would be paid/dispatched within thirty days from the date of
whose names appear as beneficial owners as at the end of the business hours on Saturday,
in the list of the Beneficial Owners to be obtained from the Depositories, i.e.
y Limited [NSDL] and Central Depository Services (India) Limited
mode; and
hose names appear as Members in the Register of Members of the Company as on Saturday,
momentum, the Board of
profits to its Members and accordingly the Board of Directors had
as per details given below:
Per Share Dividend Total Outflow*
per share Rs.1,02,78,750/-
per equity share of Rs. 10/- each.
Further, the details of unclaimed dividend and due dates for transfer of unclaimed dividend to IEPF
he Board in its meeting
Company be given the benefit of the
the Company and therefore, the Board recommended issue of
up bonus shares in the ratio of 1:5 (i.e. 1 Equity
(Rupees One Crore Thirty
out of the Company's Profit and Loss account credit balance.
General Meeting held on September
October 9, 2018 to the
. Further, the Company had listing
13
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
7. Extract of the Annual Return: In accordance with Section 134(3)(a) read with Section 92(3) of the Companies Act, 2013, an extract of the Annual Return in Form MGT-9 is placed on the website of the Company and same can be downloaded by clicking on the following link: https://www.filtra.in/upload/investment/1563598134.MGT-9_EXTRACT_of_Annual_Return.pdf
8. Details of Subsidiary/Joint Ventures/Associate Companies; During the year Company has incorporated two Subsidiary Companies viz. Of Water Private Limited and Innovative Technocare Private Limited. However, the Company did not have any Joint Venture or Associate Company during the year under review. The details of the performance of the said Subsidiaries are as follows: a) Of Water Private Limited: Of Water Private Limited has not started operation during the year under report. b) Innovative Technocare Private Limited: This was the first financial year/period of the Company. During the year the Company was able to successfully commence the business operation. The turnover of the Company during the period was Rs.1,907.21/- thousand which constitutes 0.35% of total consolidated turnover of Filtra Consultants and Engineers Limited. Further, the profit after tax (PAT) of the Company during the period was Rs.438.68/- thousand which constitutes 2.33% of total consolidated PAT of Filtra Consultants and Engineers Limited. During the year under report no Company become or ceased to be joint ventures or Associate Companies. As required pursuant to first proviso to sub section (3) of section 129 read with Rule 5 of Companies (Accounts) Rules, 2014, Form AOC-1 forms part of this report, appended as Annexure - 1
9. Auditors:
a) Statutory Auditors: At the 3rd Annual General Meeting held on September 30, 2014, M/s. Krunal M. Shah & Co. (Firm Registration No. 131794W), Chartered Accountants, were appointed as the Statutory Auditors of the Company for 5 consecutive financial years i.e. till the financial year 2018-19 who shall hold office till the conclusion of Annual General Meeting to be held for the financial year 2018-19. Accordingly, their tenure is valid till the conclusion of ensuing Annual General Meeting of the Company. In terms of provisions of Section 139(1) of the Companies Act, 2013, it was proposed to re-appoint them as the Statutory Auditors of the Company for a further period of five financial years to hold the office till the conclusion of the Annual General Meeting to be held for the financial year 2023-24. The Company has received a certificate from the Auditors to the effect that there appointment, if made in ensuing Annual General Meeting, would be in accordance with the provisions of Section 141 of the Companies Act, 2013 and expressed their willingness to act as Statutory Auditors of the Company. Accordingly, on the recommendation of the Audit Committee, the Board of Directors recommends to the shareholders in the ensuing Annual General Meeting appointment of M/s.Krunal M. Shah & Co. as Statutory Auditors of the Company for five years at a remuneration which would be decided by the Board at a later date.
14
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
b) Internal Auditors:
M/s. CNK & Associates LLP was Internal Auditors of the Company for the financial year 2018
compliance of provisions of Section 138 of the Companies Act, 2013, the
recommendation of the Audit Committee,
Auditors of the Company for the fi
c) Secretarial Auditors:
As required under section 204 of the Companies Act, 2013, the Board
the Audit Committee, has appointed M/s.
Secretaries, as the Secretarial Auditors of the Com
10. Auditors Report:
a) Statutory Audit Report:
The Auditors’ Report and annexure to the
any observation/qualification therefore, no explanations to be provided for in this report.
b) Secretarial Audit Report:
The Secretarial Audit Report issued by M/s. Hemanshu Kapadia &
Secretaries, who were appointed as the Secretarial Auditors of the Company for the financial year
2018-19, is appended as Annexure
financial year 2018-19 contai
Management reply for the same is as under:
Sr. No. Secretarial Auditors’ Observation
1 The Company has deposited the
amount of dividend in the
Separate Bank Account with
delay of 2 days from the date of
declaration of dividend
11. Conservation of energy, technology absorption and foreign exchange earnings and outgo:
A. Conservation of energy:
i. The steps taken or impact on conservation of energy:
As the Company is trading Company and not having any
much energy to operate. Your Company has always considered energy and natural resource
conservation as a focus area and has been constantly making efforts towards its conservation. Even
though the operations of the Company are not energy
has taken several sustainable steps voluntarily to contribute towards better environment. Select few
steps are listed below:
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
was Internal Auditors of the Company for the financial year 2018
compliance of provisions of Section 138 of the Companies Act, 2013, the
Audit Committee, has appointed M/s. CNK & Associates LLP as Internal
pany for the financial year 2019-20.
ection 204 of the Companies Act, 2013, the Board, on the recommendation of
has appointed M/s. Hemanshu Kapadia & Associates, Practicing Company
Secretaries, as the Secretarial Auditors of the Company for the financial year 2019
The Auditors’ Report and annexure to the Auditors’ Report are self-explanatory and does not contain
any observation/qualification therefore, no explanations to be provided for in this report.
The Secretarial Audit Report issued by M/s. Hemanshu Kapadia & Associates, Practicing Company
Secretaries, who were appointed as the Secretarial Auditors of the Company for the financial year
Annexure - 2 to the Board’s Report. The Secretarial Audit Report for the
19 contains following observation of the Secretarial Auditor and the
Management reply for the same is as under:
Auditors’ Observation Management reply
The Company has deposited the
amount of dividend in the
Separate Bank Account with
of 2 days from the date of
declaration of dividend.
The Company had set aside the funds for payment of
dividend. The Company had submitted all the
documents to the Bank for opening of a
Bank account for Dividend however;
in opening of bank account by the bank. Therefore,
there was a delay and dividend amount was not
deposited in separate bank account within prescribed
time limit. As soon as account was opened, the
Company has deposited the dividend amount in
separate bank account within prescribed time limit.
Conservation of energy, technology absorption and foreign exchange earnings and outgo:
The steps taken or impact on conservation of energy:
As the Company is trading Company and not having any manufacturing activity, it does not require
much energy to operate. Your Company has always considered energy and natural resource
conservation as a focus area and has been constantly making efforts towards its conservation. Even
he Company are not energy-intensive, the Company on continuous basis
has taken several sustainable steps voluntarily to contribute towards better environment. Select few
FILTRA CONSULTANTS AND ENGINEERS LIMITED
was Internal Auditors of the Company for the financial year 2018-19. In
compliance of provisions of Section 138 of the Companies Act, 2013, the Board, on the
has appointed M/s. CNK & Associates LLP as Internal
, on the recommendation of
Hemanshu Kapadia & Associates, Practicing Company
pany for the financial year 2019-20.
explanatory and does not contain
any observation/qualification therefore, no explanations to be provided for in this report.
Associates, Practicing Company
Secretaries, who were appointed as the Secretarial Auditors of the Company for the financial year
to the Board’s Report. The Secretarial Audit Report for the
ns following observation of the Secretarial Auditor and the
Management reply
The Company had set aside the funds for payment of
dividend. The Company had submitted all the
ts to the Bank for opening of a separate
however; there was delay
of bank account by the bank. Therefore,
there was a delay and dividend amount was not
deposited in separate bank account within prescribed
time limit. As soon as account was opened, the
Company has deposited the dividend amount in
thin prescribed time limit.
Conservation of energy, technology absorption and foreign exchange earnings and outgo:
manufacturing activity, it does not require
much energy to operate. Your Company has always considered energy and natural resource
conservation as a focus area and has been constantly making efforts towards its conservation. Even
intensive, the Company on continuous basis
has taken several sustainable steps voluntarily to contribute towards better environment. Select few
15
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
a) Installation of LED lights in all the offices of the Company,
b) Side sun glass set up in the Registered Office to use the natural lights during day time,
c) Cross ventilation and time based auto light sensors for less electricity consumption,
d) Use of energy efficient electric equipment, and
e) Educating employees and workers
ii. The steps taken by the Company for utilizing alternate sources of energy:
The Company is using electricity as main source of its energy requirement and has not taken any
steps to use alternate source of energy.
iii. The capital investment on energy conservation equipments:
The Company has not made any capital investment on energy conservation equipments
B. Technology absorption:
i. The efforts made towards technology absorption:
The Company is a trading Company hence; no efforts were
However, the Company is keeping track worldwide on technological development of the products in
which it deals to have competitive advantage.
ii. The benefits derived like product improvement, cost reduction, product developmen
import substitution: Not Applicable.
iii. In case of imported technology (imported during the last three years reckoned from the
beginning of the financial year):
last three financial years.
iv. The expenditure incurred on Research and Development:
C. Foreign exchange earnings and Outgo:
The Company is engaged in activates relating to trading of water treatment component/
equipment. The Company also engaged in exports activities and taking measures for increasing
exports, developing new export markets and formulating export plans.
exchange used and earned on actual basis are
Particulars
Foreign exchange earned
Foreign exchange used
12. Particulars of contracts or arrangements
The particulars of every contract or arrangements entered into by the Company with related parties
referred to in sub-section (1) of Section 188 of the Companies Act, 2013 including transactions
entered at arms’ length under third proviso, in prescribed Fo
- 3 to the Board’s Report.
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
Installation of LED lights in all the offices of the Company,
Side sun glass set up in the Registered Office to use the natural lights during day time,
Cross ventilation and time based auto light sensors for less electricity consumption,
Use of energy efficient electric equipment, and
Educating employees and workers for energy conservation.
The steps taken by the Company for utilizing alternate sources of energy:
The Company is using electricity as main source of its energy requirement and has not taken any
steps to use alternate source of energy.
stment on energy conservation equipments:
The Company has not made any capital investment on energy conservation equipments
The efforts made towards technology absorption:
The Company is a trading Company hence; no efforts were made for technology absorption.
However, the Company is keeping track worldwide on technological development of the products in
which it deals to have competitive advantage.
The benefits derived like product improvement, cost reduction, product developmen
Not Applicable.
In case of imported technology (imported during the last three years reckoned from the
beginning of the financial year): No technology has been imported by the Company
expenditure incurred on Research and Development: Nil
Foreign exchange earnings and Outgo:
The Company is engaged in activates relating to trading of water treatment component/
equipment. The Company also engaged in exports activities and taking measures for increasing
exports, developing new export markets and formulating export plans. Details
exchange used and earned on actual basis are given below:
(Amount in
Particulars 2018-19
1,636.23
9,069.92
Particulars of contracts or arrangements with related parties:
The particulars of every contract or arrangements entered into by the Company with related parties
section (1) of Section 188 of the Companies Act, 2013 including transactions
entered at arms’ length under third proviso, in prescribed Form No. AOC -2 is appended as
FILTRA CONSULTANTS AND ENGINEERS LIMITED
Side sun glass set up in the Registered Office to use the natural lights during day time,
Cross ventilation and time based auto light sensors for less electricity consumption,
The steps taken by the Company for utilizing alternate sources of energy:
The Company is using electricity as main source of its energy requirement and has not taken any
The Company has not made any capital investment on energy conservation equipments.
made for technology absorption.
However, the Company is keeping track worldwide on technological development of the products in
The benefits derived like product improvement, cost reduction, product development or
In case of imported technology (imported during the last three years reckoned from the
No technology has been imported by the Company during the
The Company is engaged in activates relating to trading of water treatment component/
equipment. The Company also engaged in exports activities and taking measures for increasing
Details of total foreign
(Amount in Rs. Thousands)
2017-18
39.18
9,216.55
The particulars of every contract or arrangements entered into by the Company with related parties
section (1) of Section 188 of the Companies Act, 2013 including transactions
2 is appended as Annexure
16
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
13. Particulars of Loans, Guarantees o
During the year under report the Company has
however, the Company had incorporated two Subsidiary Companies during the year under report
and made investment of Rs. 2,04,000/
14. Directors and Key Managerial Personnel:
A. Changes in Directors and Key Managerial Personnel:
In accordance with the provisions of Section 152 of the Companies Act, 2013 read with the
applicable Rules thereto and Articles of Association of the Company, Mr
03506175) retires by rotation at the ensuing AGM and
appointment.
On recommendation of Nominat
the 7th
Annual General Meeting held on September 22, 2018
03506163) as Managing Director and Mrs. Anjali Khant (DIN: 03506175) & Mr. Ashfak Mulla (DIN:
03506172) as Whole-time Directors of the Company for a further period of three years w.e.f. April 1,
2018 i.e. till March 31, 2021 and
During the year, Mr.Rudolf Corriea had
30, 2018 and Ms. Jinal Rajesh Jain had also
Secretary and Compliance Officer of the Company w.e.f
vacancies, the Board of Directors, on recommendation of the
Committee, in their meeting held on May 30, 2018 had
Financial Officer and designated as Key Managerial Personnel
on recommendation of the Nomination
August 23, 2018 had appointed Mr. Parag Bodha
and Compliance Officer designated as Key Managerial Personnel with immediate effect.
Mr. Abhay Nalawade (DIN: 00342055), Mr. Haresh Malusare (DIN
(DIN: 07011793), Independent Directors of the Company,
financial years. In view of the same,
Committee, the Board has proposed to
not liable to retire by rotation for a second term of 5 (five) consecutive years
re-appointment and relevant information has
read with explanatory statement
Further, at the time of the appointment of an Independent Director, the Company issues a formal
letter of appointment outlining his / her role, function, duties an
letter of appointment is available on our website at
http://filtra.in/upload/investment/1535001740.Appointment_letter_of_ID.pdf
Brief resume of the Directors
stipulated under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Secretarial Standards – 2 have been
B. Board Evaluation:
The Board evaluation process is carried through a structured questionnaire which was prepared
after taking into consideration inputs received from the Directors, setting out parameters of
evaluation; the questionnaire for evaluation are to be filled in, consolidated and then evaluation was
carried out.
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
Particulars of Loans, Guarantees or Investments under section 186:
During the year under report the Company has not given any loans or guarantees to any person
however, the Company had incorporated two Subsidiary Companies during the year under report
and made investment of Rs. 2,04,000/- each in the capital of the said Companies.
Personnel:
Changes in Directors and Key Managerial Personnel:
In accordance with the provisions of Section 152 of the Companies Act, 2013 read with the
applicable Rules thereto and Articles of Association of the Company, Mrs. Anjali Khant
retires by rotation at the ensuing AGM and, being eligible, offers h
recommendation of Nomination & Remuneration Committee and Board Directors
Annual General Meeting held on September 22, 2018, re-appointed Mr.
03506163) as Managing Director and Mrs. Anjali Khant (DIN: 03506175) & Mr. Ashfak Mulla (DIN:
time Directors of the Company for a further period of three years w.e.f. April 1,
2018 i.e. till March 31, 2021 and also approved the increase in remuneration payable to them.
Rudolf Corriea had tendered his resignation as Chief Financial Officer w.e.f
Jinal Rajesh Jain had also tendered her resignation as the Whole
Secretary and Compliance Officer of the Company w.e.f. July 13, 2018. To fill the said casual
vacancies, the Board of Directors, on recommendation of the Audit and Nomination
meeting held on May 30, 2018 had appointed Ms. Vaishali Vijay Pai as
designated as Key Managerial Personnel with immediate effect
on recommendation of the Nomination & Remuneration Committee, in their
appointed Mr. Parag Bodha (Membership No. 51284) as the Company Secretary
and Compliance Officer designated as Key Managerial Personnel with immediate effect.
Mr. Abhay Nalawade (DIN: 00342055), Mr. Haresh Malusare (DIN: 02246773) and Mr. Yogesh Tavkar
Independent Directors of the Company, are completing their first tenure of five
In view of the same, on recommendation of Nomination and Remuneration
proposed to re-appoint them as Independent Directors of the Company,
not liable to retire by rotation for a second term of 5 (five) consecutive years. The
appointment and relevant information has been furnished in the Notice convening the
read with explanatory statement. The Board recommended their re-appointment to the Members.
Further, at the time of the appointment of an Independent Director, the Company issues a formal
letter of appointment outlining his / her role, function, duties and responsibilities. The format of the
letter of appointment is available on our website at
http://filtra.in/upload/investment/1535001740.Appointment_letter_of_ID.pdf
proposed to be appointed/re-appointed, relevant information as
(Listing Obligations and Disclosure Requirements) Regulations, 2015
2 have been given in the Notice convening the ensuing AGM.
The Board evaluation process is carried through a structured questionnaire which was prepared
after taking into consideration inputs received from the Directors, setting out parameters of
ionnaire for evaluation are to be filled in, consolidated and then evaluation was
FILTRA CONSULTANTS AND ENGINEERS LIMITED
given any loans or guarantees to any person
however, the Company had incorporated two Subsidiary Companies during the year under report
each in the capital of the said Companies.
In accordance with the provisions of Section 152 of the Companies Act, 2013 read with the
s. Anjali Khant (DIN:
being eligible, offers herself for re-
and Board Directors, Members in
Mr. Ketan Khant (DIN:
03506163) as Managing Director and Mrs. Anjali Khant (DIN: 03506175) & Mr. Ashfak Mulla (DIN:
time Directors of the Company for a further period of three years w.e.f. April 1,
remuneration payable to them.
tendered his resignation as Chief Financial Officer w.e.f. April
tendered her resignation as the Whole-time Company
. To fill the said casual
Nomination & Remuneration
Ms. Vaishali Vijay Pai as the Chief
ith immediate effect. Also the Board,
Remuneration Committee, in their meeting held on
as the Company Secretary
and Compliance Officer designated as Key Managerial Personnel with immediate effect.
: 02246773) and Mr. Yogesh Tavkar
are completing their first tenure of five
on recommendation of Nomination and Remuneration
Independent Directors of the Company,
The detail of proposed
been furnished in the Notice convening the 8th
AGM
appointment to the Members.
Further, at the time of the appointment of an Independent Director, the Company issues a formal
d responsibilities. The format of the
letter of appointment is available on our website at
appointed, relevant information as
(Listing Obligations and Disclosure Requirements) Regulations, 2015 and
convening the ensuing AGM.
The Board evaluation process is carried through a structured questionnaire which was prepared
after taking into consideration inputs received from the Directors, setting out parameters of
ionnaire for evaluation are to be filled in, consolidated and then evaluation was
17
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Pursuant to the provisions of Section 178
Nomination and Remuneration Committee
decided the manner of evaluation
was decided that performance of the Board, Committee and all the Directors, excluding Independent
Directors, would be carried by Independent Directors and performance evaluation of Independent
Directors would be carried by the Board of Directors once in year.
suggested by the Nomination and Remuneration Committee, the perf
Director was evaluated by the entire Board of Directors
(wherein the Director getting evaluated
leadership, analysis, decision making, com
Board was of the unanimous view that every Independent Director was a reputed person and
brought their rich experience to the deliberations of the Board.
The performance of all the Non-
at their separate meeting held on August 23, 2018
evaluation included leadership, engagement, transparency, analysis, decision making, functional
knowledge, governance, stakeholders
all the Non-independent Directors were providing good business and leadership skills. The
Independent Directors also reviewed and discussed the performance of the B
of information from Management to the Directors. They satisfied with the performance of the Board
as a whole. Further, they have also evaluated the performance of the Chairman of the Company on
various aspects such as Meeting dynamic
Communication, etc. and expressed their satisfaction over the same.
C. Declaration by an Independent Director(s) and re
All the Independent Directors have provided declaration of Indep
Section 149(7) of the Companies Act, 2013, stating that they meet the criteria of independence as
provided in sub-section (6) of Section 149 of the Companies Act, 2013.
15. Number of meetings of the Board of Directors:
The Board of Directors met Six (6
between any two meetings was not more than 120 days as prescribed by the Companies Act, 2013.
Details of date of Board meeting held during the year and attendance o
below:
Name of the Director 30.05.2018
Mr. Ketan Khant Yes
Mrs. Anjali Khant Yes
Mr. Ashfak Mulla No
Mr. Abhay Nalawade No
Mr. Yogesh Tavkar Yes
Mr. Haresh Malusare Yes
16. Details of Committees of the Board:
Currently the Board has 3 Committees: the Audit Committee, Nomination & Remuneration
Committee and Stakeholders’ Relationship Committee. The Composition of various Committees and
other details are as follows:
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
Section 178 of the Companies Act, 2013 and terms of reference of
Nomination and Remuneration Committee, the Committee in its meeting held on August 23, 2018
decided the manner of evaluation of performance of all the Directors of the Company, accordingly it
performance of the Board, Committee and all the Directors, excluding Independent
rectors, would be carried by Independent Directors and performance evaluation of Independent
Directors would be carried by the Board of Directors once in year. In accordance with the criteria
suggested by the Nomination and Remuneration Committee, the performance of each Independent
Director was evaluated by the entire Board of Directors in its meeting held on
irector getting evaluated was absent) on various parameters like engagement,
leadership, analysis, decision making, communication, governance, interest of stakeholders, etc. The
Board was of the unanimous view that every Independent Director was a reputed person and
brought their rich experience to the deliberations of the Board.
-independent Directors was evaluated by the Independent Directors
parate meeting held on August 23, 2018. The various criteria considered for the purpose of
evaluation included leadership, engagement, transparency, analysis, decision making, functional
ledge, governance, stakeholders, etc. Independent Directors were of the unanimous view that
independent Directors were providing good business and leadership skills. The
Independent Directors also reviewed and discussed the performance of the Board as whole and flow
of information from Management to the Directors. They satisfied with the performance of the Board
Further, they have also evaluated the performance of the Chairman of the Company on
various aspects such as Meeting dynamics, Leadership (business and people), Governance and
and expressed their satisfaction over the same.
Declaration by an Independent Director(s) and re-appointment, if any:
All the Independent Directors have provided declaration of Independence, as required pursuant to
Section 149(7) of the Companies Act, 2013, stating that they meet the criteria of independence as
section (6) of Section 149 of the Companies Act, 2013.
Number of meetings of the Board of Directors:
Board of Directors met Six (6) times during the financial year 2018-19. The intervening gap
between any two meetings was not more than 120 days as prescribed by the Companies Act, 2013.
Details of date of Board meeting held during the year and attendance of Directors are given in table
30.05.2018 23.08.2018 22.09.2018 09.10.2018 14.11.2018
Yes Yes Yes Yes
Yes Yes Yes Yes
No Yes No Yes
No Yes No Yes
Yes Yes Yes Yes
Yes Yes Yes Yes
Details of Committees of the Board:
Currently the Board has 3 Committees: the Audit Committee, Nomination & Remuneration
and Stakeholders’ Relationship Committee. The Composition of various Committees and
FILTRA CONSULTANTS AND ENGINEERS LIMITED
and terms of reference of
, the Committee in its meeting held on August 23, 2018
of performance of all the Directors of the Company, accordingly it
performance of the Board, Committee and all the Directors, excluding Independent
rectors, would be carried by Independent Directors and performance evaluation of Independent
accordance with the criteria
ormance of each Independent
in its meeting held on August 23, 2018
) on various parameters like engagement,
munication, governance, interest of stakeholders, etc. The
Board was of the unanimous view that every Independent Director was a reputed person and
Directors was evaluated by the Independent Directors
. The various criteria considered for the purpose of
evaluation included leadership, engagement, transparency, analysis, decision making, functional
etc. Independent Directors were of the unanimous view that
independent Directors were providing good business and leadership skills. The
oard as whole and flow
of information from Management to the Directors. They satisfied with the performance of the Board
Further, they have also evaluated the performance of the Chairman of the Company on
s, Leadership (business and people), Governance and
endence, as required pursuant to
Section 149(7) of the Companies Act, 2013, stating that they meet the criteria of independence as
. The intervening gap
between any two meetings was not more than 120 days as prescribed by the Companies Act, 2013.
f Directors are given in table
14.11.2018 06.03.2019
Yes Yes
Yes No
Yes Yes
Yes Yes
Yes No
Yes Yes
Currently the Board has 3 Committees: the Audit Committee, Nomination & Remuneration
and Stakeholders’ Relationship Committee. The Composition of various Committees and
18
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
A. Audit Committee:
The Board has an Audit Committee in conformity with the provisions of Section 177 of the
Companies Act, 2013. As on March 31, 2019
Independent Directors namely,
Mahadeo Nalawade (DIN: 00342055) and Mr. Yogesh Vijay Ta
Mr.Haresh Manohar Malusare (DIN: 02246773) acted as the Chairman of the Committee. Further,
on March 31, 2019, Mr. Parag Bodha
acted as Secretary of the Committee.
All the Members of the Audit committee are financially
financial management expertise as required under the Companies Act, 2013.
All the major steps impacting the financials of the Company are undertaken only after the
consultation of the Audit Committee. During the yea
Company had accepted all the recommendations of the Audit Committee.
The details of number of Committee Me
Members of the Committee are given in table
Name of the Director
Mr. Haresh Manohar Malusare
Mr. Abhay Mahadeo Nalawade
Mr. Yogesh Vijay Tavkar
Details of establishment of Vigil mechanism cum Whistle
employees:
The Company, pursuant to Section 177(9) of the Companies Act, 2013
mechanism cum Whistle Blower Policy for Directors and Employees to report their concerns and has
also taken steps to safeguard any person using this mechanism from victimization
appropriate and exceptional cases, there i
02246773), the Chairman of the Audit Committee. The Policy on vigil mechanism may be accessed
on the Company’s website at the link:
B. Nomination & Remuneration Committee:
The Board has Nomination & Remuneration Committee in conformity with the provisions of Section
178 of the Companies Act, 2013
Committee was comprised of three Independent Directors namely,
(DIN: 00342055), Mr. Haresh Ma
07011793). Where Mr. Abhay Mahadeo Na
Committee. Further, as on March 31, 2019,
Officer of the Company, acted as Secretary of the Committee.
The appointment of the Directors and Key
Nomination & Remuneration Committee to the Board. Your Company has devised the Nomination
Policy for the appointment of Directors and Key Managerial Personnel (KMP
have ability to lead the Company towards achieving sustainable development. The
covers the matters related to the remuneration of Directors, Key Managerial Personnel and
Managerial Personnel. A copy of the policy is appended as
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
The Board has an Audit Committee in conformity with the provisions of Section 177 of the
on March 31, 2019, the Audit Committee was comprised of
Independent Directors namely, Mr. Haresh Manohar Malusare (DIN: 02246773), Mr. Abhay
Mahadeo Nalawade (DIN: 00342055) and Mr. Yogesh Vijay Tavkar (DIN: 07011793). Where
e (DIN: 02246773) acted as the Chairman of the Committee. Further,
Parag Bodha, Company Secretary and Compliance Officer of the Company,
acted as Secretary of the Committee.
embers of the Audit committee are financially literate and have accounting or related
financial management expertise as required under the Companies Act, 2013.
All the major steps impacting the financials of the Company are undertaken only after the
consultation of the Audit Committee. During the year under review, the Board of Directors of the
Company had accepted all the recommendations of the Audit Committee.
The details of number of Committee Meetings held during the year 2018-19
Members of the Committee are given in table below:
30.05.2018 23.08.2018 14.11.201
Mr. Haresh Manohar Malusare Yes Yes Yes
Mr. Abhay Mahadeo Nalawade No Yes Yes
Yes Yes Yes
Details of establishment of Vigil mechanism cum Whistle Blower policy for Directors and
The Company, pursuant to Section 177(9) of the Companies Act, 2013, has established Vigil
mechanism cum Whistle Blower Policy for Directors and Employees to report their concerns and has
also taken steps to safeguard any person using this mechanism from victimization
appropriate and exceptional cases, there is direct access to approach Mr. Haresh Malusare (DIN:
), the Chairman of the Audit Committee. The Policy on vigil mechanism may be accessed
on the Company’s website at the link: http://www.filtra.in/upload/investment/1529333294.16.pdf
Nomination & Remuneration Committee:
The Board has Nomination & Remuneration Committee in conformity with the provisions of Section
178 of the Companies Act, 2013. As on March 31, 2019, the Nomination and Remuneration
three Independent Directors namely, Mr. Abhay Mahadeo Nalawade
00342055), Mr. Haresh Manohar Malusare (DIN: 02246773) and Mr. Yogesh Vijay Tavkar (DIN:
07011793). Where Mr. Abhay Mahadeo Nalawade (DIN: 00342055) acted as the Chairman of the
as on March 31, 2019, Mr. Parag Bodha, Company Secretary and Compliance
Officer of the Company, acted as Secretary of the Committee.
The appointment of the Directors and Key Managerial Personnel is recommended by the
Nomination & Remuneration Committee to the Board. Your Company has devised the Nomination
Policy for the appointment of Directors and Key Managerial Personnel (KMPs) of the Company who
pany towards achieving sustainable development. The
the remuneration of Directors, Key Managerial Personnel and
. A copy of the policy is appended as Annexure - 4 to the Board’s Report.
FILTRA CONSULTANTS AND ENGINEERS LIMITED
The Board has an Audit Committee in conformity with the provisions of Section 177 of the
, the Audit Committee was comprised of three
Mr. Haresh Manohar Malusare (DIN: 02246773), Mr. Abhay
vkar (DIN: 07011793). Where
e (DIN: 02246773) acted as the Chairman of the Committee. Further, as
, Company Secretary and Compliance Officer of the Company,
literate and have accounting or related
All the major steps impacting the financials of the Company are undertaken only after the
r under review, the Board of Directors of the
19 and attendance of
.11.2018 06.03.2019
Yes
Yes
No
Blower policy for Directors and
has established Vigil
mechanism cum Whistle Blower Policy for Directors and Employees to report their concerns and has
also taken steps to safeguard any person using this mechanism from victimization. Further, in
Haresh Malusare (DIN:
), the Chairman of the Audit Committee. The Policy on vigil mechanism may be accessed
http://www.filtra.in/upload/investment/1529333294.16.pdf .
The Board has Nomination & Remuneration Committee in conformity with the provisions of Section
, the Nomination and Remuneration
Mr. Abhay Mahadeo Nalawade
Yogesh Vijay Tavkar (DIN:
lawade (DIN: 00342055) acted as the Chairman of the
Company Secretary and Compliance
Managerial Personnel is recommended by the
Nomination & Remuneration Committee to the Board. Your Company has devised the Nomination
) of the Company who
pany towards achieving sustainable development. The said Policy also
the remuneration of Directors, Key Managerial Personnel and Senior
to the Board’s Report.
19
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
The Details of remuneration paid to the Directors are given in
The details of number of meetings of the
year 2018-19 and attendance of Members of the Committee are given in table below:
Name of the Director
Mr. Haresh Manohar Malusare
Mr. Abhay Mahadeo Nalawade
Mr. Yogesh Vijay Tavkar
C. Stakeholders’ Relationship Committee:
The Company has always valued its investors and stakeholders. In order to ensure the proper and
speedy redressal of shareholders’/investors’ complaints, the Stakeholders’ Relationship Committee
was constituted. The role of the Com
and to approve/ratify transfer of securities. The constitution and terms of reference of the
Stakeholders’ Relationship Committee is in conformity with the provisions of Section 17
Companies Act, 2013. As on March 31, 2019
comprised of Mr. Yogesh Vijay Tavkar (DIN: 07011793), Mr. Abhay Mahadeo Nalawade (DIN:
00342055) and Mr. Haresh Manohar Malusare (DIN: 02246773). Where Mr. Yogesh Vijay
(DIN: 07011793) has acted as the Chairman of the Committee.
The details of number of Committee Me
Members of the Committee are given in table
Name of the Director
Mr. Yogesh Vijay Tavkar
Mr. Abhay Mahadeo Nalawade
Mr. Haresh Manohar Malusare
17. Management Discussion & Analysis Report:
In accordance with Regulation 34 read with Schedule V of the
Disclosure Requirements) Regulations, 2015, the Management Discussion & Analysis Report is
appended as Annexure - 5 of the Board’s Report.
18. Directors’ Responsibility Statement:
As stipulated under section 134(3)(c) read with
Directors subscribe to the Directors’ Responsibility Statement and state that:
a) in the preparation of the annual accounts for the financ
applicable accounting standards
from the same;
b) they have selected such accounting policies and applied them consistently and made judgments
and estimates that are reasonable and prudent so as to give a true and fair view of the
affairs of the Company at the end of the financ
profit and loss of the Company for that period;
c) they 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;
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
The Details of remuneration paid to the Directors are given in form MGT-9.
meetings of the Nomination & Remuneration Committee
and attendance of Members of the Committee are given in table below:
30.05.2018 23.08.2018
Mr. Haresh Manohar Malusare Yes Yes
Mr. Abhay Mahadeo Nalawade No Yes
Yes Yes
Relationship Committee:
The Company has always valued its investors and stakeholders. In order to ensure the proper and
speedy redressal of shareholders’/investors’ complaints, the Stakeholders’ Relationship Committee
was constituted. The role of the Committee is to consider and resolve securities holders’ complaint
and to approve/ratify transfer of securities. The constitution and terms of reference of the
Stakeholders’ Relationship Committee is in conformity with the provisions of Section 17
As on March 31, 2019, the Stakeholders’ Relationship Committee
Mr. Yogesh Vijay Tavkar (DIN: 07011793), Mr. Abhay Mahadeo Nalawade (DIN:
00342055) and Mr. Haresh Manohar Malusare (DIN: 02246773). Where Mr. Yogesh Vijay
(DIN: 07011793) has acted as the Chairman of the Committee.
The details of number of Committee Meetings held during the year 2018-19
Members of the Committee are given in table below:
30.05.2018 23.08.2018 14.11.201
Yes Yes Yes
Mr. Abhay Mahadeo Nalawade No Yes Yes
Mr. Haresh Manohar Malusare Yes Yes Yes
Management Discussion & Analysis Report:
In accordance with Regulation 34 read with Schedule V of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, the Management Discussion & Analysis Report is
of the Board’s Report.
Directors’ Responsibility Statement:
134(3)(c) read with Section 134(5) of the Companies Act, 2013, your
Directors subscribe to the Directors’ Responsibility Statement and state that:
in the preparation of the annual accounts for the financial year ended on March 31, 2019
applicable accounting standards have been followed and that there are no material departures
they have selected such accounting policies and applied them consistently and made judgments
and estimates that are reasonable and prudent so as to give a true and fair view of the
affairs of the Company at the end of the financial year ended on March 31, 2019
profit and loss of the Company for that period;
they have taken proper and sufficient care for the maintenance of adequate accounting records
with the provisions of the Companies Act, 2013 for safeguarding the assets of the
Company and for preventing and detecting fraud and other irregularities;
FILTRA CONSULTANTS AND ENGINEERS LIMITED
Committee held during the
and attendance of Members of the Committee are given in table below:
The Company has always valued its investors and stakeholders. In order to ensure the proper and
speedy redressal of shareholders’/investors’ complaints, the Stakeholders’ Relationship Committee
mittee is to consider and resolve securities holders’ complaint
and to approve/ratify transfer of securities. The constitution and terms of reference of the
Stakeholders’ Relationship Committee is in conformity with the provisions of Section 178(5) of the
Stakeholders’ Relationship Committee was
Mr. Yogesh Vijay Tavkar (DIN: 07011793), Mr. Abhay Mahadeo Nalawade (DIN:
00342055) and Mr. Haresh Manohar Malusare (DIN: 02246773). Where Mr. Yogesh Vijay Tavkar
19 and attendance of
.11.2018 06.03.2019
No
Yes
Yes
(Listing Obligations and
Disclosure Requirements) Regulations, 2015, the Management Discussion & Analysis Report is
Section 134(5) of the Companies Act, 2013, your
ial year ended on March 31, 2019, the
have been followed and that there are no material departures
they have selected such accounting policies and applied them consistently and made judgments
and estimates that are reasonable and prudent so as to give a true and fair view of the state of
ial year ended on March 31, 2019 and of the
they have taken proper and sufficient care for the maintenance of adequate accounting records
with the provisions of the Companies Act, 2013 for safeguarding the assets of the
20
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
d) they have prepared the annual accounts on a going concern basis;
e) they have laid down internal financ
controls are adequate and operating effectively during the financial year ended March 31, 201
and
f) they have devised proper systems to ensure compliance with the provisions of all applicable
laws and such systems are adequate and operating effectively during the fin
March 31, 2019.
19. Managerial Remuneration:
The information required to be disclosed with respect to the remuneration of Directors and KMPs in
the Board’s Report pursuant to Section 197 of the Companies Act, 2013, read with Rule 5(1) of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014
year 2018-19, is appended as Annexure
The names of top ten employees of the Company in terms of remuneration drawn as required
pursuant to Section 197 of the Companies Act, 2013, read with Rule 5(2) & (3) of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014
19, is appended as Annexure - 7
No Managing Director or Whole
commission from any of its Subsidiary Company
20. Report on Corporate Governance:
Your Company is committed to maintain the highest standards of corporate governance. We believe
sound corporate governance is critical to enhance and retain investor trust. We have implemented
best corporate governance practices in the Company to enhance long
respect minority rights in all our business decisions.
As per regulation 15 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
the Corporate Governance provisions contained in the said Regulations are not applicable to
Company hence your Company is not required to give report on Corporate Governance. Even though
the provisions of Corporate Governance are not applicable to th
and spirit follows the most of the provisions of Corporate Governance.
21. Cost Records:
As the provisions of Section 148(1) of the Companies Act, 2013 read with the Companies (Cost
Records and Audit) Rules, 2014 was not a
to maintain Cost records.
22. Risk Assessment and Management:
Your Company has a well-defined Risk Management System in place, as a part of its good Corporate
Governance practices. All the risks are
are thereafter adopted. These are subjected to a quarterly review by the Audit Committee as well as
the Board. Accordingly, management of risk has always been an integral part of the Company’s
‘Strategy of Organisation’ and straddles its planning, execution and reporting processes and systems.
Backed by strong internal control systems, the current Risk Management Framework consists of the
following key elements:
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
they have prepared the annual accounts on a going concern basis;
they have laid down internal financial controls for the Company and such internal financial
controls are adequate and operating effectively during the financial year ended March 31, 201
they have devised proper systems to ensure compliance with the provisions of all applicable
d such systems are adequate and operating effectively during the fin
The information required to be disclosed with respect to the remuneration of Directors and KMPs in
to Section 197 of the Companies Act, 2013, read with Rule 5(1) of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014
Annexure – 6 to the Board’s Report.
The names of top ten employees of the Company in terms of remuneration drawn as required
pursuant to Section 197 of the Companies Act, 2013, read with Rule 5(2) & (3) of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 for the financial year 2018
7 to the Board’s Report.
Whole-time Director of the Company were paid any remuneration or
from any of its Subsidiary Company.
Report on Corporate Governance:
Company is committed to maintain the highest standards of corporate governance. We believe
sound corporate governance is critical to enhance and retain investor trust. We have implemented
best corporate governance practices in the Company to enhance long-term shareholder value and
respect minority rights in all our business decisions.
As per regulation 15 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
the Corporate Governance provisions contained in the said Regulations are not applicable to
Company is not required to give report on Corporate Governance. Even though
the provisions of Corporate Governance are not applicable to the Company, the Company is in words
and spirit follows the most of the provisions of Corporate Governance.
As the provisions of Section 148(1) of the Companies Act, 2013 read with the Companies (Cost
Records and Audit) Rules, 2014 was not applicable on the Company; the Company was not required
Risk Assessment and Management:
defined Risk Management System in place, as a part of its good Corporate
Governance practices. All the risks are identified at various levels and suitable mitigation measures
are thereafter adopted. These are subjected to a quarterly review by the Audit Committee as well as
the Board. Accordingly, management of risk has always been an integral part of the Company’s
Strategy of Organisation’ and straddles its planning, execution and reporting processes and systems.
Backed by strong internal control systems, the current Risk Management Framework consists of the
FILTRA CONSULTANTS AND ENGINEERS LIMITED
ial controls for the Company and such internal financial
controls are adequate and operating effectively during the financial year ended March 31, 2019;
they have devised proper systems to ensure compliance with the provisions of all applicable
d such systems are adequate and operating effectively during the financial year ended
The information required to be disclosed with respect to the remuneration of Directors and KMPs in
to Section 197 of the Companies Act, 2013, read with Rule 5(1) of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 for the financial
The names of top ten employees of the Company in terms of remuneration drawn as required
pursuant to Section 197 of the Companies Act, 2013, read with Rule 5(2) & (3) of the Companies
he financial year 2018-
were paid any remuneration or
Company is committed to maintain the highest standards of corporate governance. We believe
sound corporate governance is critical to enhance and retain investor trust. We have implemented
erm shareholder value and
As per regulation 15 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
the Corporate Governance provisions contained in the said Regulations are not applicable to your
Company is not required to give report on Corporate Governance. Even though
ompany, the Company is in words
As the provisions of Section 148(1) of the Companies Act, 2013 read with the Companies (Cost
pplicable on the Company; the Company was not required
defined Risk Management System in place, as a part of its good Corporate
identified at various levels and suitable mitigation measures
are thereafter adopted. These are subjected to a quarterly review by the Audit Committee as well as
the Board. Accordingly, management of risk has always been an integral part of the Company’s
Strategy of Organisation’ and straddles its planning, execution and reporting processes and systems.
Backed by strong internal control systems, the current Risk Management Framework consists of the
21
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
• The Risk management policy approve
responsibilities of the entity in relation to risk management covering a range of responsibilities,
from the strategic to the operational. These role definitions, inter
for your Company’s Risk Management Policy and Framework that is endorsed by the Board and
is aimed at ensuring formulation of appropriate risk management procedures, their effective
implementation across your Company and independent monitoring and reporting by Inte
Auditors.
• Appropriate structures are in place to proactively monitor and manage the inherent risks in
businesses with unique / relatively high risk profiles.
• The Audit Committee of the Board reviews Internal Audit findings and provides strategic
guidance on internal controls. The Audit Committee closely monitors the internal control
environment within your Company including implementation of the action plans emerging out
of internal audit findings.
• The Company has appointed Internal Auditors and Secret
various provisions and compliances under applicable laws.
23. Internal Control System and their Adequacy:
Adequate internal controls, systems and checks are in place, which commensurate with the size of
the Company and the nature of its business. The Management exercises financial control on the
operations through a well defined budget monitoring process and other standard operating
procedures. In addition to the above, the Audit Committee and the Board specifically review th
Internal Control and Financial Reporting process prevalent in the Company. On a periodical basis, the
Board also engages the services of professional experts in the said field in order to ensure that the
financial controls and systems are in place.
24. Disclosure under the Sexual Harassment of Women at work place (Prevention, Prohibition and
Redressal) Act, 2013:
The Company has Policy on Prevention of Sexual Harassment at work place.
received any complaints pertaining to sexual hara
Directors state that Company has complied with provisions relating to the constitution of Internal
Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013
25. Secretarial Standards:
The Company has complied with the applicable Secretarial Standard, as issued by the Institute of
Company Secretaries of India and notified by the Central Government.
26. Other Disclosures / Reporting:
Your Directors state that no disclosure or reporting is required in respect of the following items as
there were no transactions/event on these items during the year under review:
a) Issue of equity shares with differential rights as to dividend, voting or otherwise as no such
shares were issued;
b) Issue of shares (including sweat equity shares) to employees of the Company as no such scheme
was drawn;
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
The Risk management policy approved by the Board, clearly lays down the roles and
responsibilities of the entity in relation to risk management covering a range of responsibilities,
from the strategic to the operational. These role definitions, inter-alia, provides the foundation
Company’s Risk Management Policy and Framework that is endorsed by the Board and
is aimed at ensuring formulation of appropriate risk management procedures, their effective
implementation across your Company and independent monitoring and reporting by Inte
Appropriate structures are in place to proactively monitor and manage the inherent risks in
businesses with unique / relatively high risk profiles.
The Audit Committee of the Board reviews Internal Audit findings and provides strategic
nce on internal controls. The Audit Committee closely monitors the internal control
environment within your Company including implementation of the action plans emerging out
The Company has appointed Internal Auditors and Secretarial Auditors to comply with the
various provisions and compliances under applicable laws.
Internal Control System and their Adequacy:
Adequate internal controls, systems and checks are in place, which commensurate with the size of
ature of its business. The Management exercises financial control on the
operations through a well defined budget monitoring process and other standard operating
procedures. In addition to the above, the Audit Committee and the Board specifically review th
Internal Control and Financial Reporting process prevalent in the Company. On a periodical basis, the
Board also engages the services of professional experts in the said field in order to ensure that the
financial controls and systems are in place.
Disclosure under the Sexual Harassment of Women at work place (Prevention, Prohibition and
The Company has Policy on Prevention of Sexual Harassment at work place. The Company has not
received any complaints pertaining to sexual harassment during the financial year 2018
has complied with provisions relating to the constitution of Internal
Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention,
Act, 2013.
The Company has complied with the applicable Secretarial Standard, as issued by the Institute of
Company Secretaries of India and notified by the Central Government.
that no disclosure or reporting is required in respect of the following items as
there were no transactions/event on these items during the year under review:
Issue of equity shares with differential rights as to dividend, voting or otherwise as no such
Issue of shares (including sweat equity shares) to employees of the Company as no such scheme
FILTRA CONSULTANTS AND ENGINEERS LIMITED
d by the Board, clearly lays down the roles and
responsibilities of the entity in relation to risk management covering a range of responsibilities,
alia, provides the foundation
Company’s Risk Management Policy and Framework that is endorsed by the Board and
is aimed at ensuring formulation of appropriate risk management procedures, their effective
implementation across your Company and independent monitoring and reporting by Internal
Appropriate structures are in place to proactively monitor and manage the inherent risks in
The Audit Committee of the Board reviews Internal Audit findings and provides strategic
nce on internal controls. The Audit Committee closely monitors the internal control
environment within your Company including implementation of the action plans emerging out
arial Auditors to comply with the
Adequate internal controls, systems and checks are in place, which commensurate with the size of
ature of its business. The Management exercises financial control on the
operations through a well defined budget monitoring process and other standard operating
procedures. In addition to the above, the Audit Committee and the Board specifically review the
Internal Control and Financial Reporting process prevalent in the Company. On a periodical basis, the
Board also engages the services of professional experts in the said field in order to ensure that the
Disclosure under the Sexual Harassment of Women at work place (Prevention, Prohibition and
The Company has not
t during the financial year 2018-19. Your
has complied with provisions relating to the constitution of Internal
Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention,
The Company has complied with the applicable Secretarial Standard, as issued by the Institute of
that no disclosure or reporting is required in respect of the following items as
Issue of equity shares with differential rights as to dividend, voting or otherwise as no such
Issue of shares (including sweat equity shares) to employees of the Company as no such scheme
22
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
c) Voting rights which are not directly exercised by the employees in respect of shares for the
subscription/purchase of which loan w
to which such persons can beneficially hold shares as envisaged under
Companies Act, 2013);
d) Material changes and commitments, if any, affecting the financial position of the Co
which have occurred between the end of the financial year of the Company to which the
financial statements relate and the date of the report;
e) Details of significant and material orders passed by the regulators or courts or tribunals
impacting the going concern status and Company’s operations in future;
f) Details relating to deposits covered under Chapter V of the Act;
g) Details in respect of frauds reported by Auditors under sub
than those which are reportable to the
reported by the Auditors; and
h) Reporting on Corporate Social Responsibility as the Company does not attract any of the criteria
as mentioned in Section 135(1) of the Act
27. Acknowledgments:
Your Directors take this opportunity to thank Filtra’s customers, Members, suppliers, bankers,
business partners and associates, financial institutions and Central and State
consistent support and encouragement to the Company.
Finally, your Directors would like to record sincere appreciation to all
for their hard work and commitment.
For and on behalf of Board of Directors
Filtra Consultants and Engineers Limited,
Sd/-
Ketan Khant
Chairman and Managing Director
(DIN: 03506163)
Address: 17-34-A, Kutchi House,
Date: July 23, 2019
Place: Mumbai
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
Voting rights which are not directly exercised by the employees in respect of shares for the
subscription/purchase of which loan was given by the Company (as there is no scheme pursuant
to which such persons can beneficially hold shares as envisaged under section
Material changes and commitments, if any, affecting the financial position of the Co
which have occurred between the end of the financial year of the Company to which the
financial statements relate and the date of the report;
Details of significant and material orders passed by the regulators or courts or tribunals
going concern status and Company’s operations in future;
Details relating to deposits covered under Chapter V of the Act;
Details in respect of frauds reported by Auditors under sub-section (12) of
than those which are reportable to the Central Government, as there was no such frauds
and
Reporting on Corporate Social Responsibility as the Company does not attract any of the criteria
as mentioned in Section 135(1) of the Act.
Your Directors take this opportunity to thank Filtra’s customers, Members, suppliers, bankers,
business partners and associates, financial institutions and Central and State Governments
consistent support and encouragement to the Company.
ly, your Directors would like to record sincere appreciation to all the employees of the Company
for their hard work and commitment.
For and on behalf of Board of Directors
Filtra Consultants and Engineers Limited,
Director
Brahmanwada Road, Matunga, Mumbai – 400019
FILTRA CONSULTANTS AND ENGINEERS LIMITED
Voting rights which are not directly exercised by the employees in respect of shares for the
as given by the Company (as there is no scheme pursuant
section 67(3)(c) of the
Material changes and commitments, if any, affecting the financial position of the Company
which have occurred between the end of the financial year of the Company to which the
Details of significant and material orders passed by the regulators or courts or tribunals
section (12) of Section 143 other
Central Government, as there was no such frauds
Reporting on Corporate Social Responsibility as the Company does not attract any of the criteria
Your Directors take this opportunity to thank Filtra’s customers, Members, suppliers, bankers,
Governments for their
employees of the Company
400019
23
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
[Pursuant to first proviso to sub-section (3) of
Rules, 2014]
Statement containing salient features of the financial statement of
Companies or Joint Ventures
(Information in respect of each subsidiary is presented with amounts in Rupees)
Sr.
No. Name of the subsidiary
1. The date since when subsidiary was acquired
2. Reporting period for the subsidiary
concerned, if different from the Holding
Company’s reporting period
3. Reporting currency and Exchange rate as on
the last date of the relevant Financial year in
the case of Foreign Subsidiaries
4. Share capital
5. Reserves & surplus
6. Total assets
7. Total Liabilities
8. Investments
9. Turnover
10. Profit before taxation
11. Provision for taxation
12. Profit after taxation
13. Proposed Dividend
14. Extent of shareholding
Notes:
1. Names of subsidiaries which are yet to commence operations:
2. Names of subsidiaries which have been liquidated or sold during the year:
*These Companies were incorporated as Subsidiary Company
Statement pursuant to Section 129 (3) of the Companies Act, 2013 related to
Joint Ventures
Not applicable as the Company did not
period.
For and on behalf of Board of Directors
Filtra Consultants and Engineers Limited,
Sd/- Sd/
Ketan Khant Anjali Khant
Managing Director Whole Time Director
(DIN: 03506163) (DIN: 03506175)
Date: July 23, 2019 Place: Mumbai
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
Annexure 1
Form No. AOC-1
section (3) of Section 129 read with Rule 5 of Companies (Accounts)
Statement containing salient features of the financial statement of Subsidiaries
Part “A”: Subsidiaries
(Information in respect of each subsidiary is presented with amounts in Rupees)
Innovative Technocare
Private Limited*
Of Water Private
Limited
The date since when subsidiary was acquired November 5, 2018 November 16, 2018
Reporting period for the subsidiary
concerned, if different from the Holding
Since it is first financial
year, reporting period
is from 05.11.2018 to
31.03.2019
Since it is first financial
year, reporting period
is
Reporting currency and Exchange rate as on
relevant Financial year in
the case of Foreign Subsidiaries
Not Applicable
4,00,000.00
4,38,682.09
28,37,042.23
19,98,360.14
Nil
19,07,210.33
6,37,465.96
1,98,783.87
4,38,682.09
Nil
51%
1. Names of subsidiaries which are yet to commence operations: Of Water Private Limited
2. Names of subsidiaries which have been liquidated or sold during the year: Not Applicable
*These Companies were incorporated as Subsidiary Company by our Company.
Part “B”: Associates and Joint Ventures
Statement pursuant to Section 129 (3) of the Companies Act, 2013 related to Associate Companies and
pplicable as the Company did not have any Associate Company or Joint Venture during the reporting
For and on behalf of Board of Directors
Filtra Consultants and Engineers Limited,
Sd/- Sd/-
Anjali Khant Ashfak Mulla Parag Bodha
Director Whole Time Director Company Secretary
03506175) (DIN: 03506172)
Mumbai
FILTRA CONSULTANTS AND ENGINEERS LIMITED
Companies (Accounts)
Subsidiaries or Associate
(Information in respect of each subsidiary is presented with amounts in Rupees)
Of Water Private
Limited*
November 16, 2018
Since it is first financial
year, reporting period
is from 16.11.2018 to
31.03.2019
Not Applicable
4,00,000.00
(10,000.00)
4,00,000.00
10,000.00
Nil
Nil
(10,000.00)
Nil
(10,000.00)
Nil
51%
Of Water Private Limited
Not Applicable
Associate Companies and
any Associate Company or Joint Venture during the reporting
Sd/-
Vaishali Pai
Secretary Chief Financial Officer
24
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
Annexure 2
Form No. MR-3 SECRETARIAL AUDIT REPORT
For the Financial year ended March 31, 2019 [Pursuant to Section 204(1) of the Companies Act, 2013 and Rule 9 of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014] To, The Members, Filtra Consultants and Engineers Limited CIN: L41000MH2011PLC217837 1501, Synergy Business Park, SahakarWadi, Next to Synthofine Indus.Estate, Off Aarey Road, Goregaon (E), Mumbai – 400 063 We have conducted the Secretarial Audit of the compliance of applicable statutory provisions and the adherence to good corporate practices by Filtra Consultants and Engineers Limited (hereinafter called “the Company”). Secretarial Audit was conducted in a manner that provided us a reasonable basis for evaluating the corporate conducts/statutory compliances and expressing our opinion thereon. Based on our verification of the Company’s books, papers, minute books, forms and returns filed and other records maintained by the Company and also the information provided by the Company, its officers, agents and authorized representatives during the conduct of Secretarial Audit, we hereby report that in our opinion, the Company has, during the audit period covering the financial year ended on March 31, 2019 (“the audit period”) complied with the statutory provisions listed hereunder and also that the Company has proper Board-processes and compliance - mechanism in place to the extent, in the manner and subject to the reporting made hereinafter. We have examined the books, papers, minute books, forms and returns filed and other records maintained by the Company for the financial year ended on March 31, 2019, according to the provisions of:
i. The Companies Act, 2013 (the Act) and the Rules made there under;
ii. The Securities Contracts (Regulation) Act, 1956 (‘SCRA’) and the Rules made there under;
iii. The Depositories Act, 1996 and the Regulations and Bye-laws framed there under;
iv. Foreign Exchange Management Act, 1999 and the Rules and Regulations made there under to the extent of Foreign Direct Investment, Overseas Direct Investment and External Commercial Borrowings (Not Applicable to the Company during the Audit period as there were no Foreign Direct Investments, Overseas Direct Investments in the Company and no External Commercial Borrowings were made by the Company);
v. The following Regulations and Guidelines prescribed under the Securities and Exchange
Board of India Act, 1992 (‘SEBI Act’):-
a. The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;
25
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
b. The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015;
c. The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)
Regulations, 2009;
d. The Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 (Not Applicable to the Company during the Audit period);
e. The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations,
2008 (Not Applicable to the Company during the Audit period as the Company has not issued any Debt instruments/ Securities);
f. The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer
Agents) Regulations, 1993 regarding the Companies Act and dealing with client;
g. The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (Not Applicable to the Company during the Audit period as delisting of securities did not take place); and
h. The Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998 (Not
Applicable to the Company during the Audit period as the Company has not bought back its securities).
vi. As per the Management and discussed with Audit Committee, there is no Industry specific
Act applicable to the Company. We have also examined the compliance with the applicable clauses of following:
a. Secretarial Standards (SS-1 and SS-2) issued by The Institute of Company Secretaries of India and notified by the Government.
b. The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015;
During the period under review, the Company has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc. mentioned above (wherever applicable); subject to following observation:
1. The Company has deposited the amount of dividend in the Separate Bank Account with delay
of 2 days from the date of declaration of dividend.
We further report that the Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent Directors. There was no change in the composition of the Board of Directors during the period under review. Notices of the Board/Committee Meetings were given to all the Directors along with the agenda and detailed notes on agenda at least seven days in advance, except where meeting was called and held at shorter notice, in compliance with the provisions of the Companies Act, 2013, and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting.
26
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
As per the minutes of the meetings held during the year and signed by the Chairman, the decisions of the Board were unanimous and no dissenting views have been recorded. Further, as confirmed by the Management, mechanism to capture and record the dissenting Members’ views as a part of the minutes, exist. We further report that there are adequate systems and processes in the Company which commensurate with the size and operations of the Company to monitor and ensure compliance with applicable laws, Rules, Regulations and guidelines. We further report that during the audit period there were no instances of:
(i) Public/Rights/Preferential issue of shares/debentures/sweat equity. (ii) Redemption/buy-back of securities. (iii) Merger/amalgamation /reconstruction, etc. (iv) Foreign technical collaborations.
For Hemanshu Kapadia& Associates Practising Company Secretaries Sd/- Hemanshu Kapadia Proprietor C.P. No.: 2285 Membership No.: 3477 Date: July 16, 2019 Place: Mumbai This report is to be read with our letter of even date which is annexed as Annexure A and forms an integral part of this report.
27
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
Annexure A To, The Members, Filtra Consultants and Engineers Limited CIN: L41000MH2011PLC217837 1501, Synergy Business Park, SahakarWadi, Next to Synthofine Indus.EstateOffAarey Road, Goregaon (E), Mumbai – 400 063 Our report of even date is to be read along with the letter. 1. Maintenance of secretarial record is the responsibility of the Management of the Company. Our
responsibility is to express an opinion on these secretarial records based on our audit.
2. We have followed the audit practices and processes as were appropriate to obtain reasonable assurance about the correctness of the contents of the Secretarial records. The verification was done on test basis to ensure that correct facts are reflected in secretarial records. We believe that the processes and practices, we followed provide a reasonable basis for our opinion.
3. We have not verified the correctness and appropriateness of financial records and Books of Accounts of the Company.
4. Wherever required we have obtained the Management representation about the compliance of laws, rules and regulations and happenings of events etc.
5. The compliance of the provisions of Corporate and other applicable laws, rules, regulations, standards is the responsibility of the Management. Our examination was limited to the verification of procedures on test basis.
6. The Secretarial Audit report is neither an assurance as to the future viability of the Company nor of the efficacy or effectiveness with which the Management has conducted the affairs of the Company.
For Hemanshu Kapadia& Associates Practising Company Secretaries Hemanshu Kapadia Proprietor C. P. No.2285 Membership No. 3477 Date: July 16, 2019 Place: Mumbai
28
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31
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ULTANTCIN: L4100
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ENGINEPLC21783rt 2018–19
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32
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ULTANTCIN: L4100
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33
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mance of eor at such i
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34
of tempdeciapp
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ULTANTCIN: L4100
Eighth Anreakup of to P.F, pensiohe Board ons or Central
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35
d) Any profclau i) ii)
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ULTANTCIN: L4100
Eighth Ances of Profes
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36
FILTRA CONSULTANTS (CIN: L41000MH2011PLC217837)
MANAGEMENT DISCUSSION AND ANALYSIS REPORT
A. INDUSTRY STRUCTURE AND DEVELOPMENT
Global Economy:
After strong growth in 2017 and early 2018, global economic activity slowed
half of year 2018, reflecting a confluence of factors affecting major economies. Global growth is now
projected to slow from 3.6 percent in 2018 to 3 percent in 2019, before returning to 3.6 percent in
2020 or 2021. The global economy is facing a confluence of risks, which could severely disrupt
economic activity and inflict significant
include an escalation of trade disputes, an abrupt tightening of global finan
intensifying climate risks. There was a significant rise in trade tensions among the world’s largest
economies, with a steep rise in the number of disputes raised under the dispute settlement
mechanism of the World Trade Organization.
biggest trade dispute.
Developed economies expanded at a steady pace of 2.2 per cent, and growth rates in many
countries have risen close to their potential, while unemployment rates in several developed
economies have dropped to historical lows. While unemployment rates are at historical lows in
several developed economies, many individuals, notably those with low incomes, have seen little or
no growth in disposable income for the last decade.
of East and South Asia remain on a relatively strong growth trajectory, expanding by
cent in 2019. Beneath the strong global headline figures, however, economic progress has been
highly uneven across regions.
Indian Economy:
As per the World Bank reports India's economy grew by 7.2 per cent in 2018
recent Indian Central Statistical Office (CSO) estimate of
It is forecasted that India’s GDP to grow
consumption Service exports enhanced. Report of the World Economic Outlook (WEO) of
International Monetary Fund (IMF) has projected India’s GDP to grow even higher at 7.3 percent in
2019. India will retain its top spot as the fastest growing major economy. It would be helped by a
"more accommodative monetary policy" and low inflation
deficit (CAD) increased from 1.9 per cent of GDP in 2017
The widening of the CAD was largely on account of a higher trade deficit driven by rise in
international crude oil prices (Indian basket).
2017-18 to US$ 184 billion 218-19.
Net Foreign Direct Investment (FDI) inflows grew by 14.2 per cent in 2018
attracting FDI equity inflows, services, automobiles and chemicals were the major categories. By and
large, FDI inflows have been growing at a high rate since 2015
improvement in confidence of the foreign investors in the Indian economy.
Indian banking sector has been dealing with twin balance sheet problem, which refers to stressed,
corporate and bank balance sheets. The increase in
stress on balance sheets of banks, with the Public Sector Banks (PSBs) taking in more stress.
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
ANNEXURE 5 MANAGEMENT DISCUSSION AND ANALYSIS REPORT
INDUSTRY STRUCTURE AND DEVELOPMENT
After strong growth in 2017 and early 2018, global economic activity slowed notably in the second
, reflecting a confluence of factors affecting major economies. Global growth is now
projected to slow from 3.6 percent in 2018 to 3 percent in 2019, before returning to 3.6 percent in
he global economy is facing a confluence of risks, which could severely disrupt
economic activity and inflict significant damage on longer-term development prospects. These risks
include an escalation of trade disputes, an abrupt tightening of global finan
There was a significant rise in trade tensions among the world’s largest
economies, with a steep rise in the number of disputes raised under the dispute settlement
mechanism of the World Trade Organization. The trade dispute between USA and China is the
Developed economies expanded at a steady pace of 2.2 per cent, and growth rates in many
countries have risen close to their potential, while unemployment rates in several developed
omies have dropped to historical lows. While unemployment rates are at historical lows in
several developed economies, many individuals, notably those with low incomes, have seen little or
no growth in disposable income for the last decade. Among the developing economies, the regions
of East and South Asia remain on a relatively strong growth trajectory, expanding by
Beneath the strong global headline figures, however, economic progress has been
As per the World Bank reports India's economy grew by 7.2 per cent in 2018-19 in contrast to the
recent Indian Central Statistical Office (CSO) estimate of only 6.8 per cent growth
GDP to grow at 7% in 2019-20 due to growth of investment &
consumption Service exports enhanced. Report of the World Economic Outlook (WEO) of
International Monetary Fund (IMF) has projected India’s GDP to grow even higher at 7.3 percent in
s top spot as the fastest growing major economy. It would be helped by a
"more accommodative monetary policy" and low inflation. On the external front, current account
deficit (CAD) increased from 1.9 per cent of GDP in 2017-18 to 2.6 per cent in April
The widening of the CAD was largely on account of a higher trade deficit driven by rise in
international crude oil prices (Indian basket). The trade deficit increased from US$ 162.1 billion in
19.
rect Investment (FDI) inflows grew by 14.2 per cent in 2018-19. Among the top sectors
attracting FDI equity inflows, services, automobiles and chemicals were the major categories. By and
large, FDI inflows have been growing at a high rate since 2015-16. This pick up indicates the
improvement in confidence of the foreign investors in the Indian economy.
Indian banking sector has been dealing with twin balance sheet problem, which refers to stressed,
corporate and bank balance sheets. The increase in Non-Performing Assets (NPA) of banks led to
stress on balance sheets of banks, with the Public Sector Banks (PSBs) taking in more stress.
AND ENGINEERS LIMITED
notably in the second
, reflecting a confluence of factors affecting major economies. Global growth is now
projected to slow from 3.6 percent in 2018 to 3 percent in 2019, before returning to 3.6 percent in
he global economy is facing a confluence of risks, which could severely disrupt
term development prospects. These risks
include an escalation of trade disputes, an abrupt tightening of global financial conditions and
There was a significant rise in trade tensions among the world’s largest
economies, with a steep rise in the number of disputes raised under the dispute settlement
he trade dispute between USA and China is the
Developed economies expanded at a steady pace of 2.2 per cent, and growth rates in many
countries have risen close to their potential, while unemployment rates in several developed
omies have dropped to historical lows. While unemployment rates are at historical lows in
several developed economies, many individuals, notably those with low incomes, have seen little or
oping economies, the regions
of East and South Asia remain on a relatively strong growth trajectory, expanding by approx 5.5 per
Beneath the strong global headline figures, however, economic progress has been
19 in contrast to the
only 6.8 per cent growth during the period.
20 due to growth of investment &
consumption Service exports enhanced. Report of the World Economic Outlook (WEO) of
International Monetary Fund (IMF) has projected India’s GDP to grow even higher at 7.3 percent in
s top spot as the fastest growing major economy. It would be helped by a
On the external front, current account
per cent in April-December 2018.
The widening of the CAD was largely on account of a higher trade deficit driven by rise in
The trade deficit increased from US$ 162.1 billion in
19. Among the top sectors
attracting FDI equity inflows, services, automobiles and chemicals were the major categories. By and
is pick up indicates the
Indian banking sector has been dealing with twin balance sheet problem, which refers to stressed,
Performing Assets (NPA) of banks led to
stress on balance sheets of banks, with the Public Sector Banks (PSBs) taking in more stress.
37
FILTRA CONSULTANTS (CIN: L41000MH2011PLC217837)
There was a significant decline in food prices in 2018
consumer food price inflation in 2018
The CPI inflation has consistently declined from 5.9% in FY2015 to 4.9% in FY2016, 4.5% in FY2017,
3.6% in FY2018 and further down to 3.4% in FY2019.
inflation, base year 2011-12, increased to 3.2% in March 2019
Global Water treatment industry:
According to a report by Future Market Insights, the global water treatment market will increase at a
compound annual growth rate (CAGR) of 7.4 pe
2027. The water treatment market
competitive consisting of a fair share of players operating in organized and fragmented market
sectors. The level of acceptance for water treatment and its usage differs from various end
requirements, which include industrial process and the usage of water in the residential, commercial
and municipal sectors. To achieve the desired quality, water treatm
three stages: pretreatment, treatment and tertiary/sludge water treatment. Enforcement of
guidelines and management standards are expected to contribute to market growth.
Increasing awareness about conserving water, investment
in the industrial sector have helped the developing regions of Asia, Africa and Latin America.
Stringent regulations for dealing with high industrial effluents to natural water bodies, increased rate
of human sewage and increasing concern about depleting water resources is expected to drive the
water treatment market. However, investors in the water treatment market face a number of
barriers as the market is typically capital
returns on investment. Thus, high capital investment, followed by a slow rate of return and a
prolonged period of payback, is likely to restrict investments in the water treatment market.
However, the market participants of the global water
providing cost-effective water treatment solutions to end users
Factors such as water scarcity, government rules for water disposal, and cost of water treatment are
propelling the market growth. Besides, Growth in urba
opportunities to wastewater technologies for municipal water treatment. However, deficiencies of
essential knowledge, awareness about technologies, and strict government norms on wastewater
disposal are hampering the market growth.
Indian Water treatment Industry:
The water business in India has turned into a multibillion dollar industry as rising water shortages
and pollution drive more and more companies to enter the fray with innovative technology,
solutions and management expertise. Though there is no official figure available, industry estimates
put the total worth of the water business in India to be close to $5 billion.
There is now a healthy demand for setting up desalination plants in India. These projects
up in several coastal cities. Chennai is leading with two big desalination plants already set up and
plans afoot for more to follow. Mumbai is also looking to set up a desalination plant as are some
cities in Gujarat. On the industrial and comme
and wastewater treatment is rising as companies see a rise in water requirement with demand for
their goods rising in the wake of a buoyant economy.
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
There was a significant decline in food prices in 2018-19 as indicated by nearly zero per cent
flation in 2018-19 with price contraction straight for five months in the year.
The CPI inflation has consistently declined from 5.9% in FY2015 to 4.9% in FY2016, 4.5% in FY2017,
3.6% in FY2018 and further down to 3.4% in FY2019. The Wholesale Price Index
12, increased to 3.2% in March 2019.
Global Water treatment industry:
report by Future Market Insights, the global water treatment market will increase at a
compound annual growth rate (CAGR) of 7.4 percent during the period 2017–2027, to reach $88B in
water treatment market is viewed as a high-value market and has been found to be highly
competitive consisting of a fair share of players operating in organized and fragmented market
The level of acceptance for water treatment and its usage differs from various end
requirements, which include industrial process and the usage of water in the residential, commercial
and municipal sectors. To achieve the desired quality, water treatment systems often consist of
three stages: pretreatment, treatment and tertiary/sludge water treatment. Enforcement of
guidelines and management standards are expected to contribute to market growth.
Increasing awareness about conserving water, investments by governments and private enterprises
in the industrial sector have helped the developing regions of Asia, Africa and Latin America.
Stringent regulations for dealing with high industrial effluents to natural water bodies, increased rate
and increasing concern about depleting water resources is expected to drive the
water treatment market. However, investors in the water treatment market face a number of
barriers as the market is typically capital-intensive and ridden with uncertainties w
returns on investment. Thus, high capital investment, followed by a slow rate of return and a
prolonged period of payback, is likely to restrict investments in the water treatment market.
he market participants of the global water treatment market have emphasized on
effective water treatment solutions to end users.
Factors such as water scarcity, government rules for water disposal, and cost of water treatment are
propelling the market growth. Besides, Growth in urbanization and population provides the
opportunities to wastewater technologies for municipal water treatment. However, deficiencies of
essential knowledge, awareness about technologies, and strict government norms on wastewater
rket growth.
Indian Water treatment Industry:
The water business in India has turned into a multibillion dollar industry as rising water shortages
and pollution drive more and more companies to enter the fray with innovative technology,
management expertise. Though there is no official figure available, industry estimates
put the total worth of the water business in India to be close to $5 billion.
There is now a healthy demand for setting up desalination plants in India. These projects
up in several coastal cities. Chennai is leading with two big desalination plants already set up and
plans afoot for more to follow. Mumbai is also looking to set up a desalination plant as are some
On the industrial and commercial side, the demand for process water treatment
and wastewater treatment is rising as companies see a rise in water requirement with demand for
their goods rising in the wake of a buoyant economy.
AND ENGINEERS LIMITED
19 as indicated by nearly zero per cent
19 with price contraction straight for five months in the year.
The CPI inflation has consistently declined from 5.9% in FY2015 to 4.9% in FY2016, 4.5% in FY2017,
The Wholesale Price Index (WPI)-based
report by Future Market Insights, the global water treatment market will increase at a
2027, to reach $88B in
value market and has been found to be highly
competitive consisting of a fair share of players operating in organized and fragmented market
The level of acceptance for water treatment and its usage differs from various end-user
requirements, which include industrial process and the usage of water in the residential, commercial
ent systems often consist of
three stages: pretreatment, treatment and tertiary/sludge water treatment. Enforcement of
guidelines and management standards are expected to contribute to market growth.
s by governments and private enterprises
in the industrial sector have helped the developing regions of Asia, Africa and Latin America.
Stringent regulations for dealing with high industrial effluents to natural water bodies, increased rate
and increasing concern about depleting water resources is expected to drive the
water treatment market. However, investors in the water treatment market face a number of
intensive and ridden with uncertainties with regards to
returns on investment. Thus, high capital investment, followed by a slow rate of return and a
prolonged period of payback, is likely to restrict investments in the water treatment market.
treatment market have emphasized on
Factors such as water scarcity, government rules for water disposal, and cost of water treatment are
nization and population provides the
opportunities to wastewater technologies for municipal water treatment. However, deficiencies of
essential knowledge, awareness about technologies, and strict government norms on wastewater
The water business in India has turned into a multibillion dollar industry as rising water shortages
and pollution drive more and more companies to enter the fray with innovative technology,
management expertise. Though there is no official figure available, industry estimates
There is now a healthy demand for setting up desalination plants in India. These projects are coming
up in several coastal cities. Chennai is leading with two big desalination plants already set up and
plans afoot for more to follow. Mumbai is also looking to set up a desalination plant as are some
rcial side, the demand for process water treatment
and wastewater treatment is rising as companies see a rise in water requirement with demand for
38
FILTRA CONSULTANTS (CIN: L41000MH2011PLC217837)
In the household sector, domestic water treatment is a
several local and foreign manufactures of home
testimony to the fact that the Indian consumer is getting increasingly conscious of the ill
drinking polluted water. Since most of the water utilities in Indian cities have old water pipeline
infrastructure, people are not taking chances with their health and are investing in water treatment
systems. This has led to unprecedented competition in the market as sev
jostle for market share with new entrants and small and regional players make a dent in the
unorganised market. The sale of bottled and mineral water is also on the rise as more customers
reach for a safe option to quench their thi
travelling outside their homes and cities.
Official data show that the average annual per capita water availability in 2001 was
cubic metres and the government estimates that this may reduce to 1,341 cubic metres by 2025 and
1,140 cubic metres by 2050. The reducing per capita availability of water and deteriorating water
quality has forced the country to look for sustainable and effective wate
clean and quality water. Thus, now
planning and development and Government spending on water Management is increasing
The water and wastewater treatment market in India
untapped potential.
B. OPPORTUNITIES AND THREATS
Opportunities:
India has been facing considerable challenges in addressing safe drinking water requirements for the
last few decades. Poor quality of water supplied by the civic authorities still remains a challenge in
the country that has the second largest population a
resulting from consumption of contaminated water, is the cause of about 13% deaths among
children below 5 years of age. These factors are buoying the demand for water purifiers in India.
Water purifier is no longer a high
available at lower prices and has started to penetrate into the country’s middle income group as well
as rural households over the last five years. Water purifier manufacturers a
positioning products to target the middle income and rural households.
expected to mushroom by 2032, the water
and wastewater treatment systems in the
The market is expected to be driven by rising product awareness across urban as well as rural
centers and Government policy. High metal content in water sources in
Bihar, Rajasthan, Orissa, Tamil Nadu, Andhra Pradesh is further augmenting the water purifier
demand in various Tier II and Tier III cities across these
weren’t on the radars of purifier companies, predominantly due to vast presenc
consumer in rural pockets coupled with weak sales and distribution networks of the companies in
these areas. However, various companies with innovative low
targeting the country’s rural market, particularl
municipalities and industries are continuously investing substantial money in water and wastewater
improvement, creating ample opportunities for water and wastewater treatment equipment
technology in India.
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
In the household sector, domestic water treatment is a rapidly growing industry. There are now
several local and foreign manufactures of home-based water treatment and purification systems, a
testimony to the fact that the Indian consumer is getting increasingly conscious of the ill
Since most of the water utilities in Indian cities have old water pipeline
infrastructure, people are not taking chances with their health and are investing in water treatment
systems. This has led to unprecedented competition in the market as several established players
jostle for market share with new entrants and small and regional players make a dent in the
The sale of bottled and mineral water is also on the rise as more customers
reach for a safe option to quench their thirst instead of relying on local water sources while
travelling outside their homes and cities.
he average annual per capita water availability in 2001 was
and the government estimates that this may reduce to 1,341 cubic metres by 2025 and
The reducing per capita availability of water and deteriorating water
quality has forced the country to look for sustainable and effective water technologies to provide
clean and quality water. Thus, now-a-days, water management is becoming an inherent part of
and Government spending on water Management is increasing
The water and wastewater treatment market in India is in the growth phase and has immense
OPPORTUNITIES AND THREATS
India has been facing considerable challenges in addressing safe drinking water requirements for the
last few decades. Poor quality of water supplied by the civic authorities still remains a challenge in
the country that has the second largest population across the globe. In India, Diarrhoea, a disease
resulting from consumption of contaminated water, is the cause of about 13% deaths among
children below 5 years of age. These factors are buoying the demand for water purifiers in India.
longer a high-end electronic product, limited to affluent households as it is
available at lower prices and has started to penetrate into the country’s middle income group as well
as rural households over the last five years. Water purifier manufacturers are also developing and
positioning products to target the middle income and rural households. With more than 20
2032, the water stress will only increase, creating huge
stems in the Indian municipal segment.
The market is expected to be driven by rising product awareness across urban as well as rural
. High metal content in water sources in States such as West Bengal,
ssa, Tamil Nadu, Andhra Pradesh is further augmenting the water purifier
demand in various Tier II and Tier III cities across these States. Till recently, rural markets in India
weren’t on the radars of purifier companies, predominantly due to vast presenc
consumer in rural pockets coupled with weak sales and distribution networks of the companies in
these areas. However, various companies with innovative low-cost products are now aggressively
targeting the country’s rural market, particularly in offline water purifier segment.
municipalities and industries are continuously investing substantial money in water and wastewater
improvement, creating ample opportunities for water and wastewater treatment equipment
AND ENGINEERS LIMITED
rapidly growing industry. There are now
based water treatment and purification systems, a
testimony to the fact that the Indian consumer is getting increasingly conscious of the ill-effects of
Since most of the water utilities in Indian cities have old water pipeline
infrastructure, people are not taking chances with their health and are investing in water treatment
eral established players
jostle for market share with new entrants and small and regional players make a dent in the
The sale of bottled and mineral water is also on the rise as more customers
rst instead of relying on local water sources while
he average annual per capita water availability in 2001 was approx 1,820
and the government estimates that this may reduce to 1,341 cubic metres by 2025 and
The reducing per capita availability of water and deteriorating water
r technologies to provide
days, water management is becoming an inherent part of
and Government spending on water Management is increasing.
is in the growth phase and has immense
India has been facing considerable challenges in addressing safe drinking water requirements for the
last few decades. Poor quality of water supplied by the civic authorities still remains a challenge in
cross the globe. In India, Diarrhoea, a disease
resulting from consumption of contaminated water, is the cause of about 13% deaths among
children below 5 years of age. These factors are buoying the demand for water purifiers in India.
end electronic product, limited to affluent households as it is
available at lower prices and has started to penetrate into the country’s middle income group as well
re also developing and
more than 20 metros
creating huge demand for water
The market is expected to be driven by rising product awareness across urban as well as rural
such as West Bengal,
ssa, Tamil Nadu, Andhra Pradesh is further augmenting the water purifier
. Till recently, rural markets in India
weren’t on the radars of purifier companies, predominantly due to vast presence of low income
consumer in rural pockets coupled with weak sales and distribution networks of the companies in
cost products are now aggressively
y in offline water purifier segment. Further, the
municipalities and industries are continuously investing substantial money in water and wastewater
improvement, creating ample opportunities for water and wastewater treatment equipment
39
FILTRA CONSULTANTS (CIN: L41000MH2011PLC217837)
Threats:
The chance of intentional contamination of water by undesirable person is a strong possibility in
present times. Water infrastructure can be targeted directly or water can be contaminated through
the introduction of poison or disease causing
casualties, rendering water unusable, or destroying purification and supply infrastructure. Although,
massive casualties from attacking water systems are difficult to produce, yet the risk of
disruptions, disarray and panic are high. Water contamination can disrupt the entire supply of
purified water which can be of following types:
• Chemical contamination
• Biological contamination
• Radiological contamination
• Nuclear contamination
C. SEGMENT-WISE OR PRODUC
The Company deals in only water treatment equipments. Therefore there are no different segments
or products of the Company.
D. OUTLOOK
Global Outlook:
Rapidly diminishing fresh water resources, increasing industrial activity,
practices in agriculture, growing world population and stringent legislation on used waste discharge
are driving the market for wastewater treatment technologies worldwide. However, the market
faces certain drawbacks, such as the lac
and significant overhead costs. These factors may act as a roadblock to the growth of the market.
Taking just the technology into account, dissolved solids removal hold the largest share of the
treatment technologies market, with municipal water treatment being the largest end
In terms of growth, food & beverage industry
the amount of growth in the demand for water treatme
In North America, United States occupies the highest market share, in the value. Asian Countries like
China and India due to their large population show exciting prospect for future market for
wastewater treatment industry e
Indian Outlook:
With India’s high population growth and intensifying water consumption, per capita availability of
water has declined steadily over the years. There is an urgent need to gene
available alternate sources including recycling, reuse, recharging, and storages. There is increased
awareness among the Indian Environment and Pollution Control Boards and the norms are getting
stricter by the day. Desalination of seaw
industries is being tapped into by a few
issues.
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
The chance of intentional contamination of water by undesirable person is a strong possibility in
present times. Water infrastructure can be targeted directly or water can be contaminated through
the introduction of poison or disease causing agents. The damage is aimed at inflicting human
casualties, rendering water unusable, or destroying purification and supply infrastructure. Although,
massive casualties from attacking water systems are difficult to produce, yet the risk of
and panic are high. Water contamination can disrupt the entire supply of
purified water which can be of following types:
Chemical contamination
Biological contamination
Radiological contamination
WISE OR PRODUCT-WISE PERFORMANCE
The Company deals in only water treatment equipments. Therefore there are no different segments
Rapidly diminishing fresh water resources, increasing industrial activity,
practices in agriculture, growing world population and stringent legislation on used waste discharge
are driving the market for wastewater treatment technologies worldwide. However, the market
faces certain drawbacks, such as the lack of awareness of appropriate water treatment techniques
and significant overhead costs. These factors may act as a roadblock to the growth of the market.
Taking just the technology into account, dissolved solids removal hold the largest share of the
treatment technologies market, with municipal water treatment being the largest end
In terms of growth, food & beverage industry, Pharma Industry and pulp & paper industry would fuel
the amount of growth in the demand for water treatment technologies in the region.
In North America, United States occupies the highest market share, in the value. Asian Countries like
China and India due to their large population show exciting prospect for future market for
wastewater treatment industry establishments, and is expected to lead the market through 2022
With India’s high population growth and intensifying water consumption, per capita availability of
water has declined steadily over the years. There is an urgent need to gene
available alternate sources including recycling, reuse, recharging, and storages. There is increased
awareness among the Indian Environment and Pollution Control Boards and the norms are getting
stricter by the day. Desalination of seawater, water treatment and usage of recycled water for the
industries is being tapped into by a few States which is providing a sustainable solution to the water
AND ENGINEERS LIMITED
The chance of intentional contamination of water by undesirable person is a strong possibility in
present times. Water infrastructure can be targeted directly or water can be contaminated through
agents. The damage is aimed at inflicting human
casualties, rendering water unusable, or destroying purification and supply infrastructure. Although,
massive casualties from attacking water systems are difficult to produce, yet the risk of societal
and panic are high. Water contamination can disrupt the entire supply of
The Company deals in only water treatment equipments. Therefore there are no different segments
Rapidly diminishing fresh water resources, increasing industrial activity, inefficient irrigation
practices in agriculture, growing world population and stringent legislation on used waste discharge
are driving the market for wastewater treatment technologies worldwide. However, the market
k of awareness of appropriate water treatment techniques
and significant overhead costs. These factors may act as a roadblock to the growth of the market.
Taking just the technology into account, dissolved solids removal hold the largest share of the water
treatment technologies market, with municipal water treatment being the largest end-user industry.
and pulp & paper industry would fuel
nt technologies in the region.
In North America, United States occupies the highest market share, in the value. Asian Countries like
China and India due to their large population show exciting prospect for future market for
stablishments, and is expected to lead the market through 2022.
With India’s high population growth and intensifying water consumption, per capita availability of
water has declined steadily over the years. There is an urgent need to generate water from all
available alternate sources including recycling, reuse, recharging, and storages. There is increased
awareness among the Indian Environment and Pollution Control Boards and the norms are getting
ater, water treatment and usage of recycled water for the
which is providing a sustainable solution to the water
40
FILTRA CONSULTANTS (CIN: L41000MH2011PLC217837)
Although there has been increased focus on water treatment over the last few years, th
big gap between generation and treatment which needs to be addressed on priority with policy
actions.
E. RISKS AND CONCERNS
• Changes in economic and relevant regulatory policies, lower GDP growth, scaling back of
government initiatives and
insufficiency of funds and the reluctance of government departments to make quick decisions
may adversely impact opportunities from a specific country or region.
• Disruptive geopolitical scenario (includes political shifts, such as major policy changes, coups,
revolutions and wars) and changes in governments or unstable political regimes in the
geographies where the Company is present, can delay project execution.
• Rising competition from oth
may compel the Company to lower prices to win contracts and maintain market share. This
may lead to substantial margin pressure.
• Poor credit worthiness of customers can cause multiple setback
execution and lead to project delays.
• Inconsistent commodity supply and price volatility of specific commodities/raw materials
could affect project cost and gross margins.
• FILTRA depends on vendors
in the quality of their services, equipment and supply including timely delivery. This can cause
operational delays and increased costs.
F. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Board and the Audit Committee are responsible for maintaining
management framework and internal control processes and policies. The Board assesses and
approves its overall risk appetite, monitors the risk exposure and sets limits
reviewed. The Company’s management systems, organizational structures, processes, standards,
code of conduct and behaviors together form a system of internal control that governs how it
conducts its businesses and manages associate
The effectiveness of the internal control mechanism is reviewed by an independent professional
Internal Auditor and by the Statutory Auditors
reviews the functioning of the internal audit and the imp
to improve the internal control mechanism.
G. DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE
The year 2018-19 has shown marginal
The sales of the Company increased from
of 0.57%. EBT has been reduced by 11
2.99 Crores in previous year. Net profits after t
2018-19 as against Rs. 2.19 Crore
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
Although there has been increased focus on water treatment over the last few years, th
big gap between generation and treatment which needs to be addressed on priority with policy
Changes in economic and relevant regulatory policies, lower GDP growth, scaling back of
government initiatives and termination of government contracts with little or no prior notice,
insufficiency of funds and the reluctance of government departments to make quick decisions
may adversely impact opportunities from a specific country or region.
enario (includes political shifts, such as major policy changes, coups,
revolutions and wars) and changes in governments or unstable political regimes in the
geographies where the Company is present, can delay project execution.
Rising competition from other global players and also un- organized sectors in the Industry
may compel the Company to lower prices to win contracts and maintain market share. This
may lead to substantial margin pressure.
Poor credit worthiness of customers can cause multiple setbacks in the midst of an order
execution and lead to project delays.
Inconsistent commodity supply and price volatility of specific commodities/raw materials
could affect project cost and gross margins.
FILTRA depends on vendors for supply of key products. Therefore, it is exposed to uncertainty
in the quality of their services, equipment and supply including timely delivery. This can cause
operational delays and increased costs.
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Board and the Audit Committee are responsible for maintaining and reviewing
management framework and internal control processes and policies. The Board assesses and
approves its overall risk appetite, monitors the risk exposure and sets limits, which are periodically
reviewed. The Company’s management systems, organizational structures, processes, standards,
code of conduct and behaviors together form a system of internal control that governs how it
conducts its businesses and manages associated risks.
The effectiveness of the internal control mechanism is reviewed by an independent professional
Statutory Auditors. The Audit Committee of the Board periodically
reviews the functioning of the internal audit and the implementation of the recommended measures
to improve the internal control mechanism.
DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE
marginal increase in top line whereas bottom line has been declined
The sales of the Company increased from Rs. 52.59 Crores to Rs. 53.42 Crores, registering a growth
has been reduced by 11.52% in F.Y. 2018-19 and was at Rs. 2.65
Crores in previous year. Net profits after tax of the Company stood at Rs. 1
Crores in the F.Y. 2017-18, recording a decrease of 16
AND ENGINEERS LIMITED
Although there has been increased focus on water treatment over the last few years, there is still a
big gap between generation and treatment which needs to be addressed on priority with policy
Changes in economic and relevant regulatory policies, lower GDP growth, scaling back of
termination of government contracts with little or no prior notice,
insufficiency of funds and the reluctance of government departments to make quick decisions
enario (includes political shifts, such as major policy changes, coups,
revolutions and wars) and changes in governments or unstable political regimes in the
sectors in the Industry
may compel the Company to lower prices to win contracts and maintain market share. This
s in the midst of an order
Inconsistent commodity supply and price volatility of specific commodities/raw materials
refore, it is exposed to uncertainty
in the quality of their services, equipment and supply including timely delivery. This can cause
and reviewing the risk
management framework and internal control processes and policies. The Board assesses and
, which are periodically
reviewed. The Company’s management systems, organizational structures, processes, standards,
code of conduct and behaviors together form a system of internal control that governs how it
The effectiveness of the internal control mechanism is reviewed by an independent professional
. The Audit Committee of the Board periodically
lementation of the recommended measures
DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE
whereas bottom line has been declined.
Crores, registering a growth
Crores as against Rs.
1.84 Crores in the F.Y.
6.04%.
41
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
H. MATERIAL DEVELOPMENTS IN HUMAN RESOURCES / INDUSTRIAL RELATIONS FRONT,
INCLUDING NUMBER OF PEOPLE EMPLOYED
The Company promotes positive workplace environment through its policies and best practices for
all its employees. The Company policy prohibits harassment of any kind, including harassment based
on age, race, religion, caste, creed, colour, sex, marital st
During the year, the Company’s Internal Complaints Committee did not receive any complaint.
number of employees on pay roll as on March 31, 201
Health, Safety and Environment:
The Company takes timely measures to protect the health and safety of its employees and minimize
pollution to preserve the internal as well as the surrounding environment. The Company also
conducts safety induction trainings for its employees and workers t
system, site safety rules and the procedure to report any incident to their supervisors. The training
programmes also give them an overview of the do’s and don’ts during emergency situations.
I. Details of significant changes (i.e. c
previous financial year) in key financial ratios, along with detailed explanations therefor,
including:
Sr. No. Particulars
1 Debtors Turnover ratio
2 Inventory Turnover
3 Interest Coverage Ratio
4 Current Ratio
5 Debt Equity Ratio*
6 Operating Profit Margin
7 Net Profit Margin (%)
*Not Applicable as the Company does not have any Debt
• Interest Coverage Ratio: The interest ratio has declined from 602.46 in FY 2017
Financial Year 2018-19 on account of Tax assessment dues.
J. Details of any change in Return on Net Worth as compared to the immediately previous
financial year along with a detailed explanation thereof.
Sr. No. Particulars
1 Return on Net Worth
• Return on Net Worth: The return on Net W
22.37 in Financial Year 2018
Lakhs to Rs. 183.97 in Lakhs and due to distribution of interim dividend during the fina
2018-19.
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
MATERIAL DEVELOPMENTS IN HUMAN RESOURCES / INDUSTRIAL RELATIONS FRONT,
INCLUDING NUMBER OF PEOPLE EMPLOYED
The Company promotes positive workplace environment through its policies and best practices for
all its employees. The Company policy prohibits harassment of any kind, including harassment based
on age, race, religion, caste, creed, colour, sex, marital status or any other basis protected by law.
During the year, the Company’s Internal Complaints Committee did not receive any complaint.
ay roll as on March 31, 2019 were 63.
Health, Safety and Environment:
The Company takes timely measures to protect the health and safety of its employees and minimize
pollution to preserve the internal as well as the surrounding environment. The Company also
conducts safety induction trainings for its employees and workers to make them aware of the
system, site safety rules and the procedure to report any incident to their supervisors. The training
programmes also give them an overview of the do’s and don’ts during emergency situations.
etails of significant changes (i.e. change of 25% or more as compared to the immediately
previous financial year) in key financial ratios, along with detailed explanations therefor,
Particulars 2017-18 2018-19
ratio 7.45 6.8
Inventory Turnover ratio 4.5 3.41
Interest Coverage Ratio 602.46 324.21
1.97 1.61
NA NA
Operating Profit Margin (%) 5.69 4.96
(%) 4.17 3.44
Not Applicable as the Company does not have any Debt
The interest ratio has declined from 602.46 in FY 2017
19 on account of Tax assessment dues.
any change in Return on Net Worth as compared to the immediately previous
financial year along with a detailed explanation thereof.
Particulars 2017-18 2018-19
orth 31.98 22.37
return on Net Worth declined from 31.98 in Financial
2018-19, this decline was due to decrease in net profit from
in Lakhs and due to distribution of interim dividend during the fina
FILTRA CONSULTANTS AND ENGINEERS LIMITED
MATERIAL DEVELOPMENTS IN HUMAN RESOURCES / INDUSTRIAL RELATIONS FRONT,
The Company promotes positive workplace environment through its policies and best practices for
all its employees. The Company policy prohibits harassment of any kind, including harassment based
atus or any other basis protected by law.
During the year, the Company’s Internal Complaints Committee did not receive any complaint. Total
The Company takes timely measures to protect the health and safety of its employees and minimize
pollution to preserve the internal as well as the surrounding environment. The Company also
o make them aware of the
system, site safety rules and the procedure to report any incident to their supervisors. The training
programmes also give them an overview of the do’s and don’ts during emergency situations.
hange of 25% or more as compared to the immediately
previous financial year) in key financial ratios, along with detailed explanations therefor,
Changes (in%)
6.8 8.72
3.41 24.22
324.21 46.19
1.61 18.27
NA NA
4.96 12.83
3.44 17.51
The interest ratio has declined from 602.46 in FY 2017-18 to 324.21 in
any change in Return on Net Worth as compared to the immediately previous
Changes (in%)
22.37 30.05
inancial Year 2017-18 to
et profit from Rs. 219.11 in
in Lakhs and due to distribution of interim dividend during the financial year
42
Detailswith
The perthe remfinancia Sr. No.
ND
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4. MI
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FILTRA
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muneration o
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46
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
INDEPENDENT AUDITORS' REPORT TO, THE MEMBERS OF FILTRA CONSULTANTS AND ENGINEERS LIMITED Report on the Audit of the Standalone Financial Statement Opinion We have audited the standalone financial statements of FILTRA CONSULTANTS AND ENGINEERS LIMITED (“the Company”), which comprise the balance sheet as at 31st March 2019, and the statement of profit and loss, and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies and other explanatory information In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements give the information required by the Companies Act, 2013 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 March 31, 2019, and its profit, and its cash flows for the year ended on that date. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Key Audit Matters Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. We have determined that there are no key audit matters to be communicated in our report. Information Other than the Financial Statements and Auditor’s Report Thereon The Company’s Board of Directors is responsible for the other information. The other information comprises the information included in the Annual Report, but does not include the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
47
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
Responsibilities of Management and Those Charged with Governance for the Standalone 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 the preparation of these standalone 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. In preparing the financial statements, the Board of Directors is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Those Board of Directors are also responsible for overseeing the Company’s financial reporting process. Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial statements. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the standalone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to standalone financial statements in place and the operating effectiveness of such controls. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
48
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
• Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the standalone financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors' report. However, future events or conditions may cause the Company to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the standalone financial statements, including the disclosures, and whether the standalone financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the standalone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on Other Legal and Regulatory Requirements As required by the Companies (Auditors’ Report) Order,2016(“the Order”) issued by the Central Government of India in terms of sub section (11) of section 143 of the Companies Act, 2013. We give in the Annexure A statements on the matters specified in paragraphs 3 and 4 of the order, to the extent applicable. 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 purposes of our audit.
(b) In our opinion, proper books of account as required by law relating to the preparation of aforesaid standalone financial statements have been kept by the Company so far as it appears from our examination of those books.
(c) The standalone Balance Sheet, the standalone Statement of Profit and Loss, and the
standalone cash flow statement dealt with by this Report are in agreement with the books of account.
(d) In our opinion, the aforesaid standalone financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.
49
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
(e) On the basis of the written representations received from the directors as on 31/03/2019 taken on record by the Board of Directors, none of the directors is disqualified as 31/03/2019 from being appointed as a director in terms of Section 164 (2) of the Act.
(f) With respect to the adequacy of the internal financial controls over financial reporting of the
Company and the operating effectiveness of such controls, refer to our separate report in "Annexure B".
(g) 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 does not have any litigations pending whose impact required to disclose
on its financial position.
ii. The Company has made provision, as required under the applicable law or accounting standards, for material foreseeable losses, if any, on long-term contracts including derivative contracts.
iii. There were no amounts which required to be transferred to the Investor Education and Protection Fund by the Company.
Date : 22/05/2019 Place : MUMBAI
FOR KRUNAL M. SHAH AND CO. (Chartered Accountants)
Reg No. :131794W
Sd/- KRUNAL M. SHAH
Partner M.No. : 115075
50
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
ANNEXURE - A
Reports under The Companies (Auditor's Report) Order, 2016 (CARO 2016) for the year ended on 31st March 2019
To, The Members of FILTRA CONSULTANTS AND ENGINEERS LIMITED (i) In Respect of Fixed Assets (a) The company has maintained proper records showing full particulars including quantitative
details and situation of fixed assets. (b) Fixed assets have been physically verified by the management at reasonable intervals; No
material discrepancies were noticed on such verification. (c) Title Deeds of all Immovable Properties are held in the Name of the Company. (ii) In Respect of Inventories Physical verification of inventory, except goods-in-transit, has been conducted at reasonable
intervals by the management. The discrepancies noticed on verification between the physical stocks and the book records were not material.
(iii) Compliance under section 189 of The Companies Act, 2013 The company has not granted any loans, secured or unsecured to companies, firms or other
parties covered in the register maintained u/s 189 of the companies Act-2013.Accordingly, clause (iii)(a) ,(iii)(b), (iii) (c) are not applicable to the Company for the Current year.
(a) N.A. (b) N.A. (c) N.A. (iv) Compliance under section 185 and 186 of The Companies Act , 2013 The Company has not entered into any transaction for loans, investments, guarantees, and
security under provisions of section 185 and 186 of the Companies Act, 2013 during the year. (v) Compliance under section 73 to 76 of The Companies Act, 2013 and Rules framed thereunder
while accepting Deposits The company has not accepted any Deposits from the Public. (vi) Maintenance of cost records The Company is not required to maintain cost records pursuant to the Rules made by the Central
Government for the maintenance of cost records under sub-section (1) of section 148 of the Companies Act, 2013.
(vii) Deposit of Statutory Dues (a) The company is regular in depositing the undisputed statutory dues including provident fund,
employees` state insurance, income tax, sales, tax wealth tax, service tax, custom duty, excise duty. Cess and other statutory dues applicable to the Company with the appropriate authorities. No undisputed amounts payable in respect of the aforesaid statutory dues were outstanding as at the last day of the financial year for a period of more than six months from the date they became payable.
51
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
(b) There is no dispute with the revenue authorities regarding any duty or tax payable.
(viii) Repayment of Loans and Borrowings The company has not borrowed any loan or borrowings from any financial institution, bank or
debenture holders. (ix) Utilization of Money Raised by Public Offers and Term Loan For which they Raised The moneys raised by way of initial public offer were applied for the purpose for which it has been
raised by the company. (x) Reporting of Fraud During the Year Based on our audit procedures and the information and explanation made available to us no such
fraud noticed or reported during the year. (xi) Managerial Remuneration Managerial remuneration has been paid or provided in accordance with the requisite approvals
mandated by the provisions of section 197 read with Schedule V to the Companies Act. (xii) Compliance by Nidhi Company Regarding Net Owned Fund to Deposits Ratio As per information and records available with us The company is not Nidhi Company.
(xiii) Related party compliance with Section 177 and 188 of companies Act - 2013 Yes, All transactions with the related parties are in compliance with section 177 and 188 of
Companies Act, 2013 where applicable and the details have been disclosed in the Financial Statements etc., as required by the applicable accounting standards.
(xiv) Compliance under section 42 of Companies Act - 2013 regarding Private placement of Shares or
Debentures The Company has not made any preferential allotment or private placements of shares or
convertible debentures during the year under review. (xv) Compliance under section 192 of Companies Act - 2013 The company has not entered into any non-cash transactions with directors or persons connected
with him.
(xvi) Requirement of Registration under 45-IA of Reserve Bank of India Act, 1934 The company is not required to be registered under section 45-IA of the Reserve Bank of lndia Act.
Date : 22/05/2019 Place : MUMBAI
FOR KRUNAL M. SHAH AND CO. (Chartered Accountants)
Reg No. :131794W
Sd/- KRUNAL M. SHAH
Partner M.No. : 115075
52
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
“Annexure B” to the Independent Auditor’s Report of even date on the Standalone Financial Statements of FILTRA CONSULTANTS AND ENGINEERS LIMITED Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”) We have audited the internal financial controls over financial reporting of FILTRA CONSULTANTS AND ENGINEERS LIMITED (“The Company”) as of March 31, 2019 in conjunction with our audit of the standalone financial statements of the Company for the year ended on that date. Management’s Responsibility for Internal Financial Controls The Company’s management is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India. These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to company’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Companies Act, 2013. Auditors’ Responsibility Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the “Guidance Note”) and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered Accountants of India. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects. Our audit involves performing procedures to obtain audit evidence amount the adequacy of the internal financial control system over financial reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and operating effectiveness of internal control based on the assessed risk. The procedures selected depend upon on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company’s internal financial controls system over financial reporting. Meaning of Internal Financial Controls over Financial Reporting A company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal financial control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in
53
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements. Inherent Limitations of Internal Financial Controls over Financial Reporting Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. Opinion In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at March 31, 2019, based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issues by the Institute of Chartered Accountants of India. Date : 22/05/2019 Place : MUMBAI
FOR KRUNAL M. SHAH AND CO. (Chartered Accountants)
Reg No. :131794W
Sd/- KRUNAL M. SHAH
Partner M.No. : 115075
54
FILTRA (CIN:L41000Balance She Particula
A EQUITY1 Sharehol (a) Sha (b) Res (c) Mo
2 Share Ap
3 Non-curr (a) L (b) D (c) O (d) L 4 Current l (a) S (b) T (c) O (d) S B ASSETS1 Non-curr (a) F (i) T (ii) I (iii) C (iv) I (v) F (b) N (c) D (d) L (e) O 2 Current a (a) C (b) In (c) T (d) C (e) S (f) O
In terms of ouFor Krunal MChartered AcFirm RegistraSd/- CA Krunal SPartner Membership Place : MumDate : 22.05.2
FILTRA
CONSU0MH2011PLeet as at 31 Mars
Y AND LIABILlders' Funds
are capital serves and surney receive ag
pplication Mo
rent liabilitieLong-term borDeferred tax liOther Long- TeLong term pro
liabilities Short Term LiaTrade Payable Other Current Short Term Pro
rent assets
Fixed assets Tangible assetsIntangible assCapital Work-Intangible assFixed assets h
Non-current inDeferred tax asLong- term loaOther non-curr
assets Current investnventories
Trade receivabCash and cashShort-term loanOther current a
ur report attacM Shah & Co. ccountants ation No:- 131 hah
p No:- 115075
mbai 2019
A CONS(C
ULTANTSLC217837) March, 2019
LITIES
rplus gaints share w
oney Pending
s rrowings abilities erm liabilities
ovisions
abilities Liabilities ovisions
s ets -in-progress
sets under devheld for sale
nvestment ssets ans and advanrent assets
ment
bles h equivalents ns and advancassets ched. Fo
1794W Sd K M (D Sd Pa (C Pl Da
ULTANTCIN: L4100
Eighth An
S AND E
warrant
g Allotment
TOTA
velopment
nces
ces
TOTA
or and on beh
d/- Ketan Khant Managing DireDIN: 03506163d/- arag Bodha ompany Secreace : Mumbai
ate : 22.05.201
TS AND 00MH2011nnual Repor
ENGINEE
Note No
3 4
5 6 7 8
L 9
10 11 12
13 14 15 16 17
L
1 TO 28 half of the Boa
Sd/- Anjalector Whol) (DIN etary) i 19
ENGINEPLC21783rt 2018–19
ERS LIM
. As at 31 M
1
12
12
ard of Directo
li Khant le Time Direct:03506175) Sd/- Vaishali P (Chief Fin
EERS LIM37)
MITED
March, 2019
8,22,30,000.002,50,00,508.73
-10,72,30,508.73
-
--
33,00,193.00-
33,00,193.00 -
8,93,53,789.0049,94,631.75
2,11,81,568.0011,55,29,988.7522,60,60,690.48
3,24,49,882.16
-22,89,543.00
--
3,47,39,425.164,08,000.00
19,49,481.0027,05,122.00
-50,62,603.00
97,31,167.30
7,86,24,955.976,92,67,661.601,57,32,908.651,29,01,968.80
-18,62,58,662.3222,60,60,690.48
ors
Sd/- Ashfak tor Whole T (DIN:03 Pai nancial Office
MITED
As at 31 M
0 63 4- 3 11
-
- - 0 - 0 - 0 95 0 5 108 22 6 - 0 - - 6 0 0 0 - 0
0 17 50 85 20 3- 2 218 22
Mulla Time Director506172)
er)
March, 2018
6,85,25,000.00 4,51,41,187.64
- 1,36,66,187.64
- - -
19,26,281.00 -
19,26,281.00 -
9,26,33,310.01 82,96,832.81 89,40,000.00
0,98,70,142.82 2,54,62,611.46
58,59,818.86 - - - -
58,59,818.86 -
15,14,322.95 18,19,297.00
- 33,33,619.95
1,67,46,763.92 5,36,17,012.00 8,72,64,064.14 2,83,54,287.38 3,02,87,045.21
- 1,62,69,172.65 2,54,62,611.46
r
55
FILTRA (CIN:L41000Statement o
Par
A CO1 Rev Les Rev2 Oth3 Tot4 Exp (a) (b) (c)
Pro (d) (e) (f) D (g) Tot
5 Proitem
6 Exc
7 Pro6)
8 Ext9 Pro10 Tax (a) (b) (c)
11 Pro Ear
See accompanFor Krunal MChartered AcFirm Registra Sd/- CA Krunal SPartner Membership Place : MumDate : 22.05.2
FILTRA
CONSU0MH2011PL
of Profit and
rticulars
ONTINUING venue from opss :- GST/VATvenue from opher Income tal revenue (1penses Cost of Mater Purchase of T Change in Invogress and Sto Employee be Financial CosDepreciation a Other expenstal expenses ofit/(Loss) befms and tax (3ceptional itemofit/(Loss) bef
tra ordinary itofit/(Loss) befx expense: Current tax ex Current tax e Deferred Tax
ofit / (Loss) afrnings per sha
(a) Basic (b) Diluted
nying notes fM Shah & Co. ccountants ation No:- 131
hah
p No:- 115075
mbai 2019
A CONS(C
ULTANTSLC217837)
Loss for the
OPERATIONperations (groT perations (net)
1+2)
rials ConsumeTraded goods ventories of Fiock in Trade nefits expense
sts and amortisat
ses
fore exception3 - 4)
m fore extraordin
tems fore tax (7 - 8)
xpense for curxpense relatin Assets/Liabil
fter Tax (9-10)are (of Rs.10/-
orming part o Fo
1794W
Sd K M (D
Sd Pa (C
Pl Da
ULTANTCIN: L4100
Eighth An
S AND E
e year ended
NS oss)
)
ed
inished Goods
es
tion expenses
nal and extrao
nary items an
)
rrent year ng to prior yealities
) - each):
of financial stor and on beh
d/- Ketan Khant Managing DireDIN: 03506163
d/- arag Bodha ompany Secre
ace : Mumbaiate : 22.05.201
TS AND 00MH2011nnual Repor
ENGINEE
d 31 March, 2
s, Work in
ordinary
nd tax (5 -
ars
atement half of the Boa
Sd/- Anjalector Whol) (DIN
etary)
i 19
ENGINEPLC21783rt 2018–19
ERS LIM
2019
Note No. e
18
19
20
21
22 23 9 24
25
1 TO 28 ard of Directo
li Khant le Time Direct:03506175)
Sd/- Vaishali Pai (Chief Finan
EERS LIM37)
MITED
For the yeaended 31 Mar
2019
62,40,69,1248,99,04,242
53,41,64,88148,14,785
53,89,79,666
47,65,21,718
-2,50,07,9433,47,60,910
1,74,07013,44,922
2,47,07,08151,25,00,759
2,64,78,907
2,64,78,907
2,64,78,907
82,50,0002,67,410
-4,35,15880,82,252
1,83,96,655
22
ors
Sd/- Ashfak tor Whole T (DIN:03
ncial Officer)
MITED
ar rch,
Foended
4.22 602.45 71.77 525.01 6.78 53
-
8.57 45
3.97 0.22 20.32 2.89 1.06 29.09 50
7.69 2
-
7.69 2
- 7.69 2
0.00 0.26 8.05 2.21 5.48 2
2.44 2.44
Mulla Time Director506172)
or the year d 31 March,
2018
0,52,62,237.76 7,93,27,539.17 2,59,34,698.59
99,76,491.49 3,59,11,190.08
-
5,55,24,855.81
-45,24,481.56 2,90,45,170.89
1,74,781.74 12,79,399.09
2,44,84,740.26 0,59,84,466.23
2,99,26,723.85
-
2,99,26,723.85
- 2,99,26,723.85
84,00,000.00 -1,21,391.00 -2,63,383.75 80,15,225.25
2,19,11,498.60
3.20 3.20
r
56
FILTRA(CIN:L4100Cash Flow Particulars
A. Cash flowNet Profit bAdjustments fDepreciationLoss on sale Financial CoOther Incom Operating pcapital chan Changes in wAdjustments fassets: Increase stocDecrease TraIncrease ShoDecrease Lo Adjustments fliabilities: Increase in TIncrease in PIncrease in lIncrease in o Cash flow frCash generaNet income Net cash floactivities (A B. Cash flowPurchase of Increase in CIncrease in N Net income Net cash floactivities (B C. Cash flowPayment of DProceeds froborrowings Share applicNet increaseborrowings Financial CoCash flow frNet cash floactivities (CNet increaseequivalents
FILTRA
A CONSU00MH2011PL Statement f
w from operatbefore tax for: n and amortisa of assets
ost me
rofit / (loss) bges
working capital: for (increase) /
ck ade Receivablort Term Loanong Term Loan
for increase / (d
Trade payableProvisions ong Term Liab
other current l
rom extraordinated from opertax (paid) / re
ow from / (useA)
w from invest Fixed Assets Current InvestNon Current In
tax (paid) / re
ow from / (use)
w from financDividend and
om long-term u
cation money re / (decrease)
osts rom extraordinow from / (useC) e / (decrease) i (A+B+C)
A CONS(C
ULTANTLC217837) for the year e
ting activities
ation
before working
/ decrease in ope
le ns & Advancens & Advance
decrease) in ope
es
bilties liabilities
nary items rations efunds ed in) operatin
ing activities
tment nvestment
efunds
ed in) investin
cing activitiesd Tax Thereon unsecured
received in working ca
nary items ed in) financin
in Cash and c
ULTANTCIN: L4100
Eighth An
TS AND E
ended 31 Ma Fo201
s
g
erating
-
s es
erating
ng
-
ng
s -
apital
ng
cash
TS AND 00MH2011nnual Repor
ENGINE
arch, 2019 or The Year En19
13,44,922.893,074.22
1,74,070.32
-2,50,07,943.971,79,96,402.541,73,85,076.41
-8,85,825.00
-32,79,521.03-1,50,000.0013,73,912.00
-33,02,201.04
-3,02,76,801.8070,15,596.62-4,08,000.00
-1,23,91,568.00
-1,74,070.32
ENGINEPLC21783rt 2018–19
EERS LIM
nded 31 Marc
2,64,78,90
9 2 2 15,22,06 2,80,00,97
7 4 1 0
3 0 0 4 41,29,89 3,21,30,87 3,21,30,87 -85,17,41 2,36,13,46
0 2 0 -2,36,69,20 -2,36,69,20 -2,36,69,20
0
2 -1,25,65,63 -1256563
-1,26,21,37
EERS LIM37)
MITED
h, For T2018
07.69
12
67.43 1
75.12
-37 -3,5 -1,5 -1
2,17 32 6
99.91 3475.03
- 75.03 10.26 64.77
-7 1,00
05.18 05.18
-
05.18
38.32 -1-
38.32
78.73
MITED
The Year Ende
2,79,399.09
1,74,781.74
7,51,376.56 52,55,837.73 59,58,588.02 1,04,590.00
7,42,263.92 2,95,000.00 6,89,217.00 4,35,813.71
7,81,163.51 0,99,432.08
-
- -
- -
1,74,781.74
ed 31 March,
2,99,26,723.8
14,54,180.8
3,13,80,904.6
-2,59,08,097.654,72,807.0
54,72,807.0-82,78,609.0-28,05,802.0
93,18,268.593,18,268.5
93,18,268.5
-1,74,781.7
-1,74,781.7
63,37,684.8
85
83
68
68 00
- 00 00 00
57 57
-
57
74 -
74
83
57
Cash and cathe year Cash in handBank BalancCash and cayear Reconciliatiwith the BalCash and cayear * * Comprises(a) Cash on h(b) Balances NOTES: (i) Toperations. (ii) These enSee accompIn terms of oFor Krunal MChartered AFirm Registr Sd/- CA Krunal SPartner Membership Place : MumDate : 22.05.
FILTRA
ash equivalent
d ce ash equivalen
ion of Cash anlance Sheet:
ash equivalen
s: hand with banks
The cash flow
nmarkes accouanying notes our report attaM Shah & Co
Accountants ration No:- 13
Shah p No:- 115075
mbai .2019
A CONS(C
ts at the begin
ts at the end o
nd cash equiv
ts at the end o
statement refl
unt balance wi forming part ached.
o. F
31794W
S K M
5 (D
S P (C
P D
ULTANTCIN: L4100
Eighth Annning of
of the
valents
of the
lects the comb
th bank can be of financial s
For and on be
Sd/- Ketan Khant Managing DirDIN: 0350616
Sd/- Parag Bodha Company Sec
Place : MumbaDate : 22.05.20
TS AND 00MH2011nnual Repor
2,76,055.272,80,78,232.11
bined cash flow
e utilised for tstatement
ehalf of the Bo
Sd/- Anjarector Who3) (DIN
cretary)
ai 019
ENGINEPLC21783rt 2018–19
7 1 2,83,54,28 1,57,32,90
1,57,32,90
5,08,22 1,52,24,68 1,57,32,90w pertaining t
the specific ide
oard of Direct
- ali Khant ole Time DireN:03506175)
Sd/- Vaishali Pa (Chief Fina
EERS LIM37)
387.38 2,1608.65
08.65
23.70 84.95
08.65 to continuing
entified purpo
tors
Sd/- Ashfakctor Whole (DIN:0
i ncial Officer)
MITED
3,65,521.76 6,51,080.79
and discounti
ose. 1
k Mulla Time Directo3506172)
)
2,20,16,602.52,83,54,287.3
2,83,54,287.3
2,76,055.22,80,78,232.1
2,83,54,287.3ing
1 TO 28
or
55 38
38
27 11
38
58
FI(CNN
2
2
2
2
2
ILTRA COCIN:L4100
Notes formNote
1 Nature The Co
ActivitTank, switchThe Co
2 Signif2.1 Basis o The fi
accounstatemunder Rules,
All the
operatthe timthe Co
2.2 Use of The pr
to makcontingthat thresultsare rec
2.3 Cash a
Cash c(with athat archange
2.4 Cash f Cash f
adjustereceiptThe ca
2.5 DepreDeprecScheduamounamounasset iexpectdifferefive pe
FILTRA
ONSULT00MH201ing part of
e of Operatioompany wasty of Water Pump, Ph M
h, level switchompany Opeicant accounof accountinnancial state
nting and in ments have be
section 133 2014 and the
e assets and ing cycle and
me between tompany has af estimates reparation oke estimates gent liabilitie
he estimates s could differcognised in thand cash equcomprises caan original mre readily coes in value. flow statemeflows are reped for the effts or paymensh flows fromciation and aciation has bule II of the nt of an assetnt substitutedis expected ed to be ob
ent from the er cent of the
A CONS(C
TANTS AN11PLC2178f the finan
ons s IncorporateTreatment s
Meter, Orp Mh and such erates througnting policieng and prepaements are accordance een preparedof the Compe provisions
liabilities had other criterhe acquisitioascertained i
of the financiand assumpes) and the r used in prer due to thesehe periods in
uivalents (fosh on hand a
maturity of thonvertible in
ent ported usingfects of transnts and itemm operating,amortisationbeen providCompanies t over its used for cost, leto be availa
btained fromuseful life sp original cos
AOCFuM
ULTANTCIN: L4100
Eighth An
ND ENG837)
ncial statem
e on 24th Masystem BusinMeter, Condother items w
gh its Busineses aration of fin
prepared u with the ged to comply panies Act, 2 of the Act, to
ave been clasria set out inon of assets fts operating
ial statementtions considereported incoeparation of e estimates an which the rr purposes oand demandhree months
nto known am
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m of income o, investing ann ded on the w
Act, 2013 aneful life. Thess its residua
able for use m the asset b
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Asset Office equipmComputers
urniture & fiMotor vehicle
TS AND 00MH2011nnual Repor
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t method, wnon-cash natuor expenses nd financing
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ment ixtures es
ENGINEPLC21783rt 2018–19
LIMITED
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Deferrthe accperiodat the rin respcertainassets exists ttax asslaws aneach B
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in the S.13 Provis A prov
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under render
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the trasheet foreignare rec
FILTRA
ed tax is reccounting inco
ds. Deferred reporting dapect of unabsnty that there
are recognisthat sufficiensets and liabind the Compalance Sheet
nt and deferrStatement of
sions and convision is recoble that an ouate can be mare determine
are reviewengent liabilitiment benefi
ort Term Empmployee bene
yee benefitsives are reco
st-Employm
fined ContriGovernment the scheme irs the relatedfined Benifi
mployee Gration under suredit methodts entitlemen
ured at the prof the oblig
ties as at bal the defined be obligation fmeasuremenable) and the or credit asurement reill not be rec
gn currency tgn currency ansactions.Mdate are tran exchange cognized in
A CONS(C
cognised on ome that ori tax is measu
ate. Deferredsorbed depre will be sufsed for timinnt future taxailities are offspany has a let date for the
red tax relatif Profit and Lntingencies ognised wheutflow of resade. Provisiod based on ted at each ies are discloits
ployee Beneefits payable s. Benefits sgnized in the
ment Benefits
ibution Plan Provident Fuis recognized
d service. it Plans
atuity Fund Such defined
d which recognt and measuresent valuegation undelance plans benefit plansfor leave encnt, comprisinhe return on
recognised ecognised in lassified to th
transactions transactions
Monetary asaslated at th transactionthe profit an
ULTANTCIN: L4100
Eighth Antiming diffeginate in one
ured using thd tax liabilitieeciation andfficient futurng differencable income set if such iteegally enforcir realisabilit
ing to items Loss.
en the Compsources will bons (excludinthe best estimBalance She
osed in the N
efit within twelsuch as salae period dur
s
ns und Schemed in the profi
Scheme man benefit plangnizes each pures each un of future ca
er defined bthe fair valus to recognizashment is p
ng acturial ga plan assetsin other co
other comprhe statement s are recordsets and liab
he closing exns during thnd loss acco
TS AND 00MH2011nnual Repor
erences, beine period andhe tax rates aes are recogn
d carry forware taxable inces of other i will be availems relate toceable right fty.
directly reco
any has a prbe required tng retirementmate requireeet date and
Notes.
ve months oaries, wagesring which th
e is a definedit & loss acco
naged by a trn is determinperiod of ser
nit separatelyash flows. Thbenefit plansue of the plaze the obligatprovided for ains and loss
s (excluding omprehensivrehensive inct of profit an
ded on the bbilities denoxchange rat
he year and unt of the ye
ENGINEPLC21783rt 2018–19
ng the differed are capableand the tax lanised for all tard of lossescome availabitems only tlable againsto taxes on incfor such set o
ognised in eq
resent obligato settle the ot benefits) ard to settle thd adjusted
of rendering etc. and th
he employee
d contributionount during
rust is a defined based onrvice as giviny to build uphe discount rs is based oanned assetstion on net b and paid onses, the effecinterest), is
ve income icome is refle
nd loss.
basis of exchominated ines on that don restatemear.
EERS LIM37)
ences betweee of reversal iaws enacted timing differ
s are recognible to realiseto the extentt which thesecome levied off. Deferred
quity are rec
ation as a resobligation in re not discouhe obligationto reflect th
the service ahe expected renders the
n plan. The c the period d
ined benefit n acturial valung rise to adp the final obrates used foon the marks is reduced asis.
n yearly basisct of the chan reflected inin the perioected immed
hange rates n foreign curdate.Exchan
ment of mon
MITED
en the taxabin one or moor substantia
rences. Defeised only if te such assetst that reasone can be reali by the same
d tax assets a
cognised in e
sult of past e respect of w
unted to theirn at the Balanhe current b
are classifiedd cost of bo
related servi
contributionduring which
plan. The pruation under
dditional unitbligation. Thor determininket yields on from the gr
s. nges to the a
n the balanceod in which
diately in reta
prevailing orrencies as a
nge differencnetary assets
le income anore subsequeally enacted
erred tax assethere is virtus. Deferred tnable certainised. Deferre governing t
are reviewed
equity and n
events and itwhich a reliabr present valunce Sheet dabest estimate
d as short teronus, exgratice.
n paid/payabh the employ
resent value r the projectet of employe
he obligationng the presen governmeross obligatio
asset ceiling e sheet withh they occuained earnin
on the date at the balances arising os and liabili
nd ent as ets ual tax nty ed tax at
not
t is ble ue te. es.
rm ia,
ble yee
of ed
ees n is ent ent on
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of nce on ity
61
2
2
AsFoChFi SdCAPaM PlD
.16 Impai An as
impairimpairchange
.17 Identi The op
Water segmen
s per our repoor Krunal M Shartered Accorm Registrati
d/- A Krunal Shaartner
Membership N
lace : Mumbaate : 22.05.201
FILTRA
rment of Asset is treaterment loss isred. The impe in the estimification of sperations of Treatment nt.
ort attached. Shah & Co. ountants on No:- 13179
ah
No:- 115075
ai 19
A CONS(C
ssets ed as impais charged topairment losmate of recosegments the compansystem. Thi
For
94W
Sd/ Keta Man (DIN
Sd/- Parag (Com
Place Date
ULTANTCIN: L4100
Eighth An
red when to the profit &ss recognise
overable acco
ny predomiis activity c
and on behal
- an Khant naging DirectN: 03506163)
- g Bodha
mpany Secreta
e : Mumbai e : 22.05.2019
TS AND 00MH2011nnual Repor
the carrying& Loss Acco
ed in prior acount in subs
nantly compconstitutes th
lf of the Board
Sd/- Anjali Ktor Whole T (DIN:03
Sd Vary) (C
ENGINEPLC21783rt 2018–19
g cost of assount in the yccounting psequent peri
prises of Trahe primary
d of Directors
Khant Time Director3506175)
d/- Vaishali Pai Chief Financia
EERS LIM37)
set exceeds year in whicperiods is reiod.
ading and Msegment an
s
Sd/- Ashfak Mur Whole Tim (DIN:0350
al Officer)
MITED
its recoverach an asset isversed if the
Manufacturinnd is the on
ulla me Director 6172)
able value.As identified ere has been
ng Activity nly reportab
An as n a
of ble
62
FILTRA Notes for(CIN:L41Note 3.1 Shar
(a) Authorise Equity sha
(b) Issued Equity sha (c) Subscribed Equity sha Total Note :- The Cshareholder iNote 3.2 Reco begiParticulars
Equity sharesYear ended 31- Number of s- Amount Year ended 31- Number of s- Amount Note 3.3 Deta
Class of shar
Equity sharesMr. Ketan KhMrs. Anjali KNote 3.4 Duri(i) The Compratio of 2:3 an(ii) No allotm(iii) No allotmIn terms of ouFor Krunal MChartered AcFirm RegistraSd/- CA Krunal SPartner Membership Place : MumDate : 22.05.2
FILTRA
CONSUrming par1000MH20re capital
Particula
d ares of Rs. 10/
ares of Rs.10/
d and fully paares of Rs.10/
Company has os eligible for oonciliation of inning and at
s with voting r1 March, 2019shares
1 March, 2018shares
ails of shares
es / Name of
s:- hant Khant
ing the periodpany has issuend in the mont
ment on converment of sharesur report attac
M Shah & Co. ccountants ation No:- 131 hah
p No:- 115075
mbai 2019
A CONS(C
ULTANTSrt of the fi011PLC21
ars
/- each
- each
aid up - each
only one class one vote per sh the number o the end of th
rights 9
8
held by each
f shareholder
d of five yearse bonus sharesth of Oct 2018 rsion/surrend without votinched. Fo
1794W Sd K M (D Sd Pa (C
Pl Da
ULTANTCIN: L4100
Eighth An
S AND Einancial s
17837)
N
of shares refehare. All sharof shares and
he reporting p
shareholder h
Ns
s immediatelys in the month in the ratio of
der of Debentung rights.
or and on beh
d/- Ketan Khant Managing DireDIN: 03506163d/- arag Bodha ompany Secre
ace : Mumbaiate : 22.05.201
TS AND 00MH2011nnual Repor
ENGINEEstatement
As at 31 MNumber of
shares
1,00,00,000.00
1,00,00,000.00
82,23,000.00
82,23,000.0082,23,000.00
82,23,000.00
erred to as equre issued with amount outsteriod: Opening Balance
68,52,500.006,85,25,000.00
68,52,500.00
6,85,25,000.00holding more
As at 31 MNumber of hares held
45,00,000.0014,99,898.00
y preceding thh of August 20f 5:1 ures and Bond
half of the Boa
Sd/- Anjalector Whol) (DIN etary)
i 19
ENGINEPLC21783rt 2018–19
ERS LIMts
March, 2019
Amount(
0 10,00,00,0
0 10,00,00,0
0 8,22,30,0
0 8,22,30,00 8,22,30,0
0 8,22,30,0uity shares ha
hout any prefertanding at the
Fresh is
0 13,70,50 1,37,05,0
0 0 than 5% shar
March, 2019 % holdinthat clas
shares
0 0 he date of bal015 in the ratio
ds, conversion
ard of Directo
li Khant le Time Direct:03506175) Sd/- Vaishali Pai (Chief Finan
EERS LIM37)
MITED
(Rs.) Nus
000.00 1,00
000.00 1,00
000.00 68
000.00 68000.00 68
000.00 68
aving par valurences and rese
ssue Bu
500.00 000.00
- -
res:
ng in s of s
Nusha
54.72 37,5018.24 12,49
ance sheet: o of 1:3 and in
of Term Loan
ors
Sd/- Ashfak tor Whole T (DIN:03
ncial Officer)
MITED
As at 31 Mumber of shares
0,00,000.00
0,00,000.00
8,52,500.00
8,52,500.00 8,52,500.00
8,52,500.00 e Rs. 10/- perstrictions attac
uy Back
- - - -
As at 31 Mumber of ares held
0,000.00 9,915.00
n the month of
ns, exercise of w
Mulla Time Director506172)
March, 2018
Amount(Rs
10,00,00,000
10,00,00,000
6,85,25,000
6,85,25,0006,85,25,000
6,85,25,000 share. Each ching the sam
Closing Balan
82,23,0008,22,30,000
68,52,5006,85,25,000
March, 2018 % holding ithat class o
shares
5418
f April 2016 in
warrants, etc.
r
s.)
0.00
0.00
0.00
0.00 0.00
0.00
e
nce
0.00 0.00
0.00 0.00
in f
4.72 8.24
n the
63
F(NNP(
L
LL NP((i NPC(i(ie (iNP(SAOD NPPPP NPUInNO NPDTORT
FILTRA C(CIN:L41Notes formNote:- 4 ResParticulars a) Surplus/(de Opening ba Add: Profit
Less: Carrying
Less : ProvisioLess:- Issue of Total Note:- 5 OtParticulars a) Provisions i) Provision fo Total Note:- 6 TraParticulars Creditors for Gi) total outstanii) total outsta
enterprises. Total i) The year en
Note:- 7 OthParticulars a) Other paya
Statutory remiAdvance ReceiOther ExpenseDeposit Receiv Total Note:- 8 ShoParticulars Provision For Provision for AProvision for D Total Note:- 10 NParticulars Unquoted nnovative Tec
Nil) Of Water Pvt L Total Note:- 11 DParticulars Deferred tax (lTax effect of iteOpening BalanRelated to FixeTax effect of ite
FILTRA
CONSUL1000MH2ming partserves and
eficit) in Statealance for the year
g Amount of F
n for Dividen Bonus Shares
ther Long T
for Employeeor Gratuity
ade Payable
Goods and Sernding dues of anding dues of
nd balance of sher Current
ables ittances ived From Cues ved From Cus
ort Term Pr
Income Tax Audit Fees Dividend and
Non Current
chnocare Pvt L
Ltd (20,400 Eq
Deferred Ta
liability) / assems constitutince ed Assets and ems constituti
A CONS(C
LTANTS2011PLC2t of the finSurplus
ement of Prof
ixed Assets U
d and Tax the
Term Liabil
e Benefits
es
rvices Micro, Small f creditors oth
sundry creditot Liabilities
ustomers
tomers
rovisions
Tax Thereon
t Investmen
Ltd (20,400 Eq
q shares of Rs.1
x Assets
set ing deferred ta
Others ing deferred ta
ULTANTCIN: L4100
Eighth An
S AND EN217837) nancial st
fit and Loss
Useful Life Exp
ereon
ities
and Medium her than Micro
ors are subject s
nt
q shares of Rs.1
10 Each, Previ
ax Assets
ax Assets
TS AND 00MH2011nnual Repor
NGINEE
tatements
pire and W/of
enterprises o, small and M
to confirmatio
10 Each, Previ
ious year Nil)
ENGINEPLC21783rt 2018–19
ERS LIMI
s
A
ff
A
A
Medium
on and reconc
A
A
A
ious year
A
EERS LIM37)
ITED
As at 31 March
4,51,41,11,83,96,6
6,35,37,8
49,12,47,83,1
1,37,05,03,85,37,32,50,00,5
As at 31 March
33,00,133,00,1
As at 31 March
3,25,36,0
5,68,17,7
8,93,53,7ciliation.
As at 31 March
9,23,710,55,229,24,1
91,449,94,6
As at 31 March82,50,0
5,40,01,23,91,52,11,81,5
As at 31 March 2,04,0
2,04,04,08,0
As at 31 March
15,14,3 4,35,119,49,4
MITED
h, 2019 As at
187.64 655.48
843.12
198.39 136.00 000.00 - 334.39 508.73
h, 2019 As at
193.00 193.00
h, 2019 As at
006.20
782.80
789.00
h, 2019 As at
735.40 250.00 170.75 475.60 631.75
h, 2019 As at000.00 000.00 568.00 568.00
h, 2019 As at
000.00
000.00 000.00
h, 2019 As at
322.95 158.05 481.00
t 31 March, 20
2,32,29,689.2,19,11,498.
4,51,41,187.
4,51,41,187.4,51,41,187.
t 31 March, 20
19,26,281.19,26,281.
t 31 March, 20
4,78,27,841.
4,48,05,469.
9,26,33,310.
t 31 March, 20
23,18,992.39,06,834.19,83,631.
87,375.82,96,832.
t 31 March, 20 84,00,000.
5,40,000.
89,40,000.
t 31 March, 20
t 31 March, 20
12,50,939.2,63,383.
15,14,322.
018
.04
.60
.64
- -
.64
.64
018
.00
.00
018
.00
.01
.01
018
.30
.50
.00
.00
.80
018 .00 .00
- .00
018
-
- -
018
.20
.75
.95
64
TNNP(U NPBL A ANP TTNP(th(b (i NP(a(b NP(a(b(c IFCF SCPM PD
Tax effect of iteNet deferred tNote:- 12 LoParticulars a) Security De
Unsecured, Co Total Note:- 13 CuParticulars Birla Sun Life CLess: Provisio Aggregate amo Aggregate marNote:- 14 InParticulars Traded and Fi
Total Note:- 15 TrParticulars a) Trade Recehe date they wb) Others Tra Unsecured Total i) The year en Note:- 16 CaParticulars a) Cash in hanb) Balances w Total Note:- 17 ShParticulars a) Loan & Advb) Balance Wic) Advance to Total n terms of ou
For Krunal M Chartered AccFirm Registrat
Sd/- CA Krunal ShPartner Membership N
Place : MumbDate : 22.05.20
FILTRA
ems constitutitax (liability) /ong - Term
eposit : onsider Good
urrent Inve
Cash Plus Gron for diminut
ount of quoted
rket value of lnventories (
inished Goods
rade Receiv
eivable outstawere due for pade Receivabld, Considered
nd balance of s
ash and Cas
nd with Banks
hort Term L
vances To Emith Governmeno Suppliers and
ur report attach Shah & Co. countants tion No:- 1317
hah
No:- 115075
bai 019
A CONS(C
ing deferred ta/ asset Loans and
estment
owth ion in value o
d investments
listed and quo(As certified
s
vable
anding for a ppayment e : Good
sundry Debtor
sh Equivale
Loans and A
mployees nt Authoritiesd others
hed. Fo
794W
Sd/ Ke Ma (DI
Sd/ Para (Co
Pla Dat
ULTANTCIN: L4100
Eighth An
ax liability
Advances
f investments
s
oted investmend by the Ma
eriod exceedi
rs are subject t
ents
Advances
s
r and on beha
/- etan Khant anaging DirecIN: 03506163)
/- ag Bodha
ompany Secret
ce : Mumbai te : 22.05.2019
TS AND 00MH2011nnual Repor
nts anagement
ing six month
to confirmatio
alf of the Boar
Sd/- Anjalictor Whole (DIN:0
S Vtary) (
9
ENGINEPLC21783rt 2018–19
A
A
t) A
As from
on and reconci
A
A
rd of Director
Khant Time Directo
03506175)
Sd/- Vaishali Pai (Chief Financ
EERS LIM37)
19,49,4
As at 31 March
27,05,127,05,1
As at 31 March97,31,1
97,31,197,31,1
96,90,9
As at 31 March7,86,24,97,86,24,9
As at 31 March
61,36,1
6,31,31,46,92,67,6
iliation.
As at 31 March5,08,2
1,52,24,61,57,32,9
As at 31 March10,58,964,40,054,02,9
1,29,01,9
rs
Sd/- Ashfak Mor Whole Ti (DIN:035
cial Officer)
MITED
-
481.00
h, 2019 As at
122.00 122.00
h, 2019 As at167.30
- 167.30 167.30
978.22
h, 2019 As at955.97 955.97
h, 2019 As at
181.60
480.00 661.60
h, 2019 As at223.70 684.95 908.65
h, 2019 As at944.02 046.93 977.85 968.80
Mulla ime Director 06172)
15,14,322.
t 31 March, 20
18,19,297.18,19,297.
t 31 March, 201,67,46,763.
1,67,46,763.1,67,46,763.
1,66,02,114.
t 31 March, 205,36,17,012.5,36,17,012.
t 31 March, 20
65,08,586.
8,07,55,477.8,72,64,064.
t 31 March, 202,76,055.
2,80,78,232.2,83,54,287.
t 31 March, 2010,81,278.60,60,050.
2,31,45,716.3,02,87,045.
- .95
018
.00
.00
018 .92
- .92 .92
.50
018 .00 .00
018
.64
.50 .14
018 .27 .11 .38
018 .17 .55 .49 .21
65
F(NNP
((bLT
P
( TNP
ODRMG NInP TNP
T TNP
InF
LFL
NNP
SCST
FILTRA C(CIN:L41Notes formNote:- 18 ReParticulars
a) Sale of Goob) Sale of Ser
Less: -GST/VATotal
Particulars
a) Sale of Goo Trading Go Filter Items Manufactu Filter Items Total- Sale of Note:- 19 OtParticulars
Operational InDiscount ReceiRound Off Miscelleneous Gain/Loss in E Non Operationnterest Receiv
Profit on Sale o Total Note:- 20 PuParticulars
Traded and Fin Total Note:- 21 ChParticulars
nventories at Finished Good
Less:- InventorFinished GoodLess : Input Cr
Net (Increase)/Note:- 22 EmParticulars
Salaries and wContribution tStaff welfare exTotal
FILTRA
CONSUL1000MH2ming part oevenue from
ods rvices AT
ods oods s uring Goods s
Traded Goodther Incom
ncome ived
Receipt Exchange
nal Income ved of Investment
urchase of T
nished Goods
hanges in I
the end of theds
ries at the begds redit avail in G
/ Decrease mployee Be
wages o PF and Gratxpenses
A CONS(C
LTANTS2011PLC2of the finam operation
ds me
s
Traded Goo
s
nventories
e year
ginning of the y
GST
enefits expe
tuity
ULTANTCIN: L4100
Eighth An
S AND EN217837) ncial statens
ods
of Finished
year
ense
TS AND 00MH2011nnual Repor
NGINEE
ements
d goods, W
ENGINEPLC21783rt 2018–19
ERS LIMI
For the 31 M62,1
28,9
53,4 For the
31 M
52,6
5
53,2
For the 31 M
3
3
114
For the 31 M47,6
47,6Work in Prog
For the 31 M
7,87,8
5,3
5,3-2,5
For the 31 M
3,21
3,4
EERS LIM37)
ITED
year ended March, 2019 19,82,816.35 20,86,307.87 99,04,242.45 41,64,881.77 year ended March, 2019
65,99,617.47
57,83,312.00
23,82,929.47
year ended March, 2019
33,69,754.02 412.61
25,489.00 -
33,95,655.63
84,726.00 13,34,403.38 14,19,129.38 48,14,785.01
year ended March, 2019 65,21,718.57
65,21,718.57 gress and S year ended March, 2019
86,24,955.97 86,24,955.97
36,17,012.00
- 36,17,012.00 50,07,943.97
year ended March, 2019 26,36,986.00 15,24,395.50
5,99,528.72 47,60,910.22
MITED
For the ye31 Ma60,35,
17,7,93,
52,59, For the ye
31 Ma
50,41,
2,02,
52,44,
For the ye31 Ma
70,
2,73,
26,26,99,
For the ye31 Ma45,55,
45,55,tock in Tra
For the ye31 Ma
5,36,5,36,
4,98,-7,
4,90,-45,
For the ye31 Ma
2,76,8,5,
2,90,
ear ended arch, 2018 ,01,885.86 ,60,351.90 ,27,539.17 ,34,698.59 ear ended arch, 2018
,57,928.67
,49,210.00
,07,138.67
ear ended arch, 2018
,21,420.47
760.32 -
,80,590.78 ,02,771.57
13,152.00
,60,567.92 ,73,719.92 ,76,491.49
ear ended arch, 2018 ,24,855.81
,24,855.81
ade ear ended arch, 2018
,17,012.00 ,17,012.00
,65,635.44 ,73,105.00 ,92,530.44 ,24,481.56
ear ended arch, 2018 ,56,277.00 ,61,385.09 ,27,508.80 ,45,170.89
66
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN:
Note:- 23 Financial Costs
Particulars
Bank Charges and Interest Expenses
Total
Note:- 24 Other expenses
Particulars
Gain/Loss in Exchange Octroi Repairs & Maintenance Conveyance Expenses Electricity Charges Legal & Professional Charges Postage, Courier & Transportation ChargesPrinting & Stationery Office Expenses Rent, Rates & Taxes Telephone Expenses Travelling Expenses (Including Foreign Travelling)Insurance Books & Periodicals Audit Fees Miscellaneous Expenses E commerce Advertisement Expenses Sales Promotion Expenses Commission Discount Allowed Loss on sale of Fixed Asset Donation Membership and Subscription Listing Fees
Total
Notes: 24(i)
Particulars
(i) Payments to the auditors comprises (net of service tax/GST input credit, where applicable): As auditors - statutory audit For taxation matters
Total
In terms of our report attached.
For Krunal M Shah & Co. For and on behalf of the Board of Directors Chartered Accountants Firm Registration No:- 131794W Sd/- Sd/CA Krunal Shah Ketan KhantPartner Managing Director Whole Time Director Whole Time DirecMembership No:- 115075 (DIN: 03506163) Sd/ Parag Bodha Vaishali Pai (Company Secretary) (Chief Financial Officer) Place : Mumbai Place : MumbaiDate : 22.05.2019 Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
For the year ended 31 March, 2019
1,74,070.32
1,74,070.32
For the year ended 31 March, 2019
20727.50 -
17,25,440.70 10,69,648.32
3,48,849.00 51,69,582.00
Postage, Courier & Transportation Charges 50,52,686.43 2,21,921.11 6,66,179.92
43,84,553.00 4,57,324.46
Travelling Expenses (Including Foreign Travelling) 16,09,776.50 64,510.00 61,810.00
6,00,000.00 4,66,979.03
80,763.92 1,22,786.00 1,95,312.12
21,22,240.00 2,14,185.83
3,074.22 3,006.00
20,725.00 25,000.00
2,47,07,081.06
For the year ended
31 March, 2019
(i) Payments to the auditors comprises (net of service tax/GST
4,00,000.00 2,00,000.00
6,00,000.00
For Krunal M Shah & Co. For and on behalf of the Board of Directors
Sd/- Sd/- Sd/- CA Krunal Shah Ketan Khant Anjali Khant Ashfak MullaPartner Managing Director Whole Time Director Whole Time Direc
115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172)
Sd/- Sd/- Parag Bodha Vaishali Pai (Company Secretary) (Chief Financial Officer)
e : Mumbai Place : Mumbai Date : 22.05.2019 Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED
For the year ended 31 March, 2018
1,74,781.74
1,74,781.74
For the year ended 31 March, 2018
-
16,478.00 22,71,865.80 14,80,664.59
2,63,360.00 32,49,310.50 49,78,853.77
2,81,152.01 5,77,017.01
41,93,570.85 4,93,346.64
20,34,029.93 36,045.00 60,035.00
6,00,000.00 3,92,726.35
64,962.05 2,50,534.00
14,67,769.78 8,40,021.00 8,81,497.98
- 1,500.00
- 50,000.00
2,44,84,740.26
For the year ended 31 March, 2018
4,00,000.00 2,00,000.00
6,00,000.00
Anjali Khant Ashfak Mulla Partner Managing Director Whole Time Director Whole Time Director
(DIN:03506175) (DIN:03506172)
67
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN:
FILT
RA C
ONSU
LTAN
TS A
ND E
NGIN
EERS
LIM
ITED
(CIN
:L41
000M
H201
1PLC
2178
37)
Note:
- 9 F
IXED
ASS
ETS
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
Parti
cular
sAs
At
Addi
tions
Ded
uctio
ns
/Adj
ustm
ents
As A
t Up
toFo
r the
Upto
As A
t As
At
1 Apr
2018
Durin
g the
Durin
g the
31 M
arch
, 201
931
Mar
ch, 2
018
Year
31 M
arch
, 201
931
Mar
ch, 2
019
31 M
arch
, 201
8
year
year
Mot
or C
ar67
3,408
.89
-
-
67
3,408
.89
530,8
20.40
27,22
9.51
-
55
8,049
.91
115,3
58.98
14
2,588
.49
Comp
uter
1,5
65,97
2.69
353,3
16.91
74
4,796
.67
1,1
74,49
2.93
1,034
,883.8
5
29
9,303
.29
695,5
61.31
638,6
25.83
53
5,867
.10
531,0
88.84
Furn
iture
6,702
,079.2
0
29
7,557
.42
-
6,999
,636.6
2
2,7
94,30
7.71
525,5
39.46
-
3,3
19,84
7.17
3,679
,789.4
5
3,9
07,77
1.49
Offic
e Equ
ipme
nts
2,974
,327.1
5
28
3,724
.47
220,7
45.00
3,037
,306.6
2
1,6
95,95
7.11
468,2
43.42
20
9,707
.75
1,9
54,49
2.78
1,082
,813.8
4
1,2
78,37
0.04
Land
-
26
,044,0
63.00
26,04
4,063
.00
-
-
26
,044,0
63.00
-
Build
ing
-
1,0
16,59
7.00
1,0
16,59
7.00
24,60
7.21
24
,607.2
1
991,9
89.79
-
Tota
l As A
t 31 M
arch
, 201
911
,915,7
87.93
27,99
5,258
.80
96
5,541
.67
38
,945,5
05.06
6,055
,969.0
7
1,3
44,92
2.89
905,2
69.06
6,495
,622.9
0
32
,449,8
82.16
5,859
,818.8
6
Ded
uctio
ns
/Adj
ustm
ents
Note:
- 9 F
IXED
ASS
ETS
Depr
eciat
ion as
per C
ompa
nies
Act,
2013
G R
O S S
B L
O C
K
D E
P R
E C
I A T
I O
N N
E T
B L
O C
K
FILTRA CONSULTANTS AND ENGINEERS LIMITED
Tota
l As A
t 31 M
arch
, 201
911
,915,7
87.93
27,99
5,258
.80
96
5,541
.67
38
,945,5
05.06
6,055
,969.0
7
1,3
44,92
2.89
905,2
69.06
6,495
,622.9
0
32
,449,8
82.16
5,859
,818.8
6
Tota
l As A
t 31 M
arch
, 201
811
,134,6
24.42
781,1
63.51
-
11
,915,7
87.93
4,776
,569.9
8
1,2
79,39
9.09
-
6,055
,969.0
7
5,8
59,81
8.86
6,358
,054.4
7
68
F(NN
N
2
2
2
2
2
IFCFSCPM PD
FILTRA C(CIN:L41Notes formNote:- 25 Ea
Note Particu
25 Earnin Basic
25.a Contin Net pr Less: P Net pr
shareh Weigh Par va Earnin
25.b Total o Net pr Less: P Net pr Weigh Par va Earnin
25.c Basic E Contin Net pr (Add) Less: P Net pr
shareh Weigh Par va Earnin
25.d Total o Net pr (Add) Less: P Net pr
extraor Weigh Par va Earnin
25.e Diluted Details
Stock On terms of ou
For Krunal M Chartered AccFirm RegistratSd/- CA Krunal ShPartner Membership N
Place : MumbDate : 22.05.20
FILTRA
CONSUL1000MH2ming partarning per s
ulars
ngs per share
nuing operatiorofit/(Loss) foPreference divrofit /(Loss) fholders hted average nlue per share
ngs per share foperations rofit/(Loss) foPreference divrofit/(Loss) fohted average nlue per share
ngs per share –Earnings per snuing operatiorofit / (loss) fo / Less: ExtraoPreference divrofit / (loss) fholders, excludhted average nlue per share
ngs per share foperations rofit / (loss) fo / Less: ExtraoPreference divrofit / (loss) rdinary items
hted average nlue per share
ngs per share, d Earnings pes are not provOptions and C
ur report attach Shah & Co. countants tion No:- 1317
hah No:- 115075
bai 019
A CONS(C
LTANTS2011PLC2t of the finshare
ons or the year froidend and tax
for the year fr
number of equ
from continuin
or the year idend and tax
or the year attrnumber of equ
– Basic share (excludions or the year fromordinary itemsidend and tax
for the year frding extraordinumber of equ
from continuin
or the year ordinary itemsidend and taxfor the year
number of equ
excluding extrer share vided since T
Convertible bohed. Fo
794W Sd/ Ke Ma (DI Sd/ Para (Co
Pla Dat
ULTANTCIN: L4100
Eighth An
S AND EN217837) nancial st
m continuing x thereon rom continuin
uity shares
ng operations
x thereon ributable to th
uity shares
ing extraordin
m continuing s (net of tax) rx thereon rom continuininary items
uity shares
ng operations,
s (net of tax) x thereon attributable
uity shares
raordinary ite
The Companyonds oustandin
r and on beha
/- etan Khant anaging DirecIN: 03506163) /- ag Bodha
ompany Secret
ce : Mumbai te : 22.05.2019
TS AND 00MH2011nnual Repor
NGINEE
tatements
operations
ng operations
- Basic
he equity share
nary items)
operations elating to con
ng operations
, excluding ex
to the equity
ems - Basic
y does not havng at the end
alf of the Boar
Sd/- Anjalictor Whole (DIN:0 S Vtary) (
9
ENGINEPLC21783rt 2018–19
ERS LIMI
s
attributable t
eholders
tinuing opera
attributable t
xtraordinary it
y shareholder
ve outstandinof the year.
rd of Director
Khant Time Directo
03506175) Sd/- Vaishali Pai (Chief Financ
EERS LIM37)
ITED
to the equity
tions
to the equity
tems - Basic
rs, excluding
ng Warrants,
rs
Sd/- Ashfak Mor Whole Ti (DIN:035
cial Officer)
MITED
For the yearended 31
March, 201
1,83,96,655.4
1,83,96,655.475,37,750.0
12.4
1,83,96,655.4
1,83,96,655.475,37,750.0
10.02.4
1,83,96,655.40.00.0
1,83,96,655.475,37,750.0
12.4
1,83,96,655.40.000.00
1,83,96,655.475,37,750.0
12.4
2.4
Mulla ime Director 06172)
r
9
For the yeended 3
March, 2
48 2,19,11,490
48 2,19,11,4900 68,52,5010 44
48 2,19,11,49-
48 2,19,11,4900 68,52,5000 144
48 2,19,11,4900 00
48 2,19,11,4900 68,52,5010 44
48 2,19,11,4900 000 0
48 2,19,11,4900 68,52,5010 44
44
ear 31 018
8.60 0
8.60 0.00
10 3.20
8.60 0
8.60 0.00 0.00 3.20
8.60 0.00 0.00
8.60 0.00
10 3.20
8.60 .000 .000
8.60 0.00
10 3.20
3.20
69
F(NNN
2
2
IFCFSCPM PD
FILTRA C(CIN:L4100Notes formNote:- 26 RNote Parti
26 Relat26.1.a Deta
Desc Key M Key M Key M Key M Key M Subs Subs Relat Note Deta
as at
26.1.b Tran
Salar Rent Purch Sale
Balanyear
Salar Rent Sale Note
n terms of ouFor Krunal M Chartered AccFirm RegistratSd/- CA Krunal ShPartner Membership N
Place : MumbDate : 22.05.20
FILTRA
CONSULT00MH2011
ming part oRelated Pariculars ted party tra
ails of relatedcription of reManagemenManagemenManagemenManagemenManagemen
sidiary Compsidiary Comptives of KMPe: Related parails of related 31 March, 2
nsaction duri
ry
hase of Good
of Goods
nces outstan
ry
of Goods
e: Figures in bur report attach Shah & Co. countants tion No:- 1317
hah No:- 115075
bai 019
A CONS(C
TANTS A1PLC21783of the finarty Disclos
ansactions d parties: elationship
nt Personnel (nt Personnel (nt Personnel (nt Personnel (nt Personnel (pany pany P rties have bed party trans
2019:
ing the year
ds
nding at the e
bracket relathed. Fo
794W Sd/ Ke Ma (DI
Sd/ Para (Co
Pla Dat
ULTANTCIN: L4100
Eighth An
AND ENG37) ncial statesures
(KMP) (KMP) (KMP) (KMP) (KMP)
een identifiedsactions duri
end of the
tes to the pre
r and on beha
/- etan Khant anaging DirecIN: 03506163)
/- ag Bodha
ompany Secret
ce : Mumbai te : 22.05.2019
TS AND 00MH2011nnual Repor
GINEERS
ements
Names oKetan KhAnjali KhAshfak MVaishali Parag BoInnovativOf WaterRehana M
d by the Maning the year
KM
1,24,22,8(104076212,48,00(133440
0.00(0.000.00
(0.00
KM
10,40,56(8680061,04,00(104000
0.00(0.00
evious year
alf of the Boar
Sd/- Anjalictor Whole (DIN:0
S Vtary) (
9
ENGINEPLC21783rt 2018–19
LIMITED
of related parhant hant Mulla Pai odha ve Technocar Private LimMulla nagement. ended 31 M
MP Sub
883.00 26.00) (00.00
00.00) (0 180) (0 3,370) (
MP Sub
62.00 6.00) (
00.00 0.00) (0 3,240) (
rd of Director
Khant Time Directo
03506175)
Sd/-
Vaishali Pai (Chief Financ
EERS LIM37)
D
rties
re Private Li
mited
March, 2019 a
bsidiary Co
R
0.00 6,(0.00) (40.00
(0.00) ,892.00 (0.00) 7,799.00 (0.00) bsidiary
Co R
0.00 5(0.00) (30.00
(0.00) 4,468.00 (0.00)
rs
Sd/- Ashfak Mor Whole Ti (DIN:035
cial Officer)
MITED
imited
nd balances
Relative of KMP
,70,792.00 455292.00)
0.00 (0.00) 0.00
(0.00) 0.00
(0.00) Relative of
KMP 53,618.00 37741.00)
0.00 (0.00) 0.00
(0.00)
Mulla ime Director 06172)
outstanding
Total
1,30,93,675.0(10862918.0012,48,000.00(1334400.00
18,892.00 (0.00)
3,37,799.00(0.00)
Total
10,94,180.00(905747.00)1,04,000.00(104000.00)3,24,468.00
(0.00)
g
00 0) 0
0)
0
0 ) 0 ) 0
70
F(NN
FILTRA C(CIN:L4100Notes formNote:- 27
27.1
Em
De Th i. G Th
rec
Co Cu Int Ex Cu Se Pa Ac To
an
Ac Ac Ac
Ne Pr Fa Fu Un Ne
Note
Chthe
Pr Cu Int Cu Se Pla Ac Ac Pa Be Pr
FILTRA
CONSULT00MH2011
ming part o
mployee benefined benefihe Company Gratuity he following cognised in t
omponents ourrent serviceterest cost
xpected retururtailment cottlement cost
ast service coctuarial losseotal expense nd Loss
ctual contribctual benefit ctual contribu
et asset / (liaesent value o
air value of punded status nrecognised et asset / (lia
hange in defe year esent value o
urrent serviceterest cost urtailment cottlement costan amendmecquisitions ctuarial (gainast service coenefits paid esent value o
A CONS(C
TANTS A1PLC21783of the fina
nefit plans it plans offers the fo
table sets othe financial
Parti
of employer e cost
rn on plan asost / (credit) t / (credit)
ost es/(gains) recognised
bution and b payments utions
ability) recogof defined belan assets [Surplus / (past service
ability) recogParti
fined benefit
of DBO at bee cost
ost / (credit) t / (credit) ents
ns) / losses ost
of DBO at th
ULTANTCIN: L4100
Eighth An
AND ENG37) ncial state
ollowing emp
out the fund statements: iculars
expense
ssets
in the Statem
benefit paym
gnised in theenefit obligat
Deficit)] costs gnised in theiculars
t obligations
eginning of th
he end of the
TS AND 00MH2011nnual Repor
GINEERS
ements
ployee benefi
ded status of
ment of Prof
ments for yea
e Balance Shtion
e Balance Sh
s (DBO) dur
he year
year
ENGINEPLC21783rt 2018–19
LIMITED
it schemes to
f the defined
Foende
G
fit
ar
heet
heet F
ende
G
ring
EERS LIM37)
D
o its employe
d benefit sch
or the year ed 31 March,
2019 Gratuity
9,78,8583,21,820
-1,69,705
2,76,03114,07,004
56,59,92123,28,441
-33,31,480
-33,31,480For the year ed 31 March,
2019 Gratuity
40,45,8409,78,8583,21,820
2,54,506
-74,74655,26,278
MITED
ees:
hemes and th
, For th
ended 312018
Gra
8 0 5 - - - 1 4
- -
1 1 0 - 0
, For
ended 320
Gra
0 8 0 - - - - 6 - 6 8
he amount
he year 1 March,
atuity
8,23,611 2,56,655
-1,63,040 - - -
-2,04,562 7,12,664
- -
40,45,840 21,17,400
-19,28,440 -
-19,28,440 the year 31 March, 018 atuity
33,33,176 8,23,611 2,56,655
- - - -
-3,67,602 - -
40,45,840
71
IFCFSCPM PD
Ch Pla Ac Ex Ac Ac Be Pla Ac Ac Di Ex Sa
n terms of ouFor Krunal M Chartered AccFirm RegistratSd/- CA Krunal ShPartner Membership N
Place : MumbDate : 22.05.20
FILTRA
hange in fairan assets at bcquisition adxpected returctual companctuarial gain enefits paid an assets at tctual return octuarial assuiscount rate xpected returlary escalatio
ur report attach Shah & Co. countants tion No:- 1317
hah No:- 115075
bai 019
A CONS(C
r value of assbeginning of djustment rn on plan asny contributi / (loss)
the end of theon plan asset
umptions
rn on plan ason hed. Fo
794W Sd/ Ke Ma (DI
Sd/ Para (Co
Pla Dat
ULTANTCIN: L4100
Eighth Ansets during t the year
ssets ions
e year ts
ssets
r and on beha
/- etan Khant anaging DirecIN: 03506163)
/- ag Bodha
ompany Secret
ce : Mumbai te : 22.05.2019
TS AND 00MH2011nnual Repor
the year
alf of the Boar
Sd/- Anjalictor Whole (DIN:0
S Vtary) (
9
ENGINEPLC21783rt 2018–19
rd of Director
Khant Time Directo
03506175)
Sd/- Vaishali Pai (Chief Financ
EERS LIM37)
22,27,661
169705
-21525-47400
23,28,441
7.70%7.70%7.00%
rs
Sd/- Ashfak Mor Whole Ti (DIN:035
cial Officer)
MITED
1 - 5 - 5 0 1
% % %
Mulla ime Director 06172)
21,17,400 -
1,63,040 -
-52,779 -
22,27,661
7.70% 7.70% 7.00%
72
FILTRA (CIN:L4100Note:- 28 N
28.1 Co
Note Par
i Co (a) (b) (c)
liabii Co Th
effe28.2 De
Note Par
(i) (ii) (iii
28.3 PreNote Par
Precur
28.4 BA
Note Sunprorec
28.5 Note
In outto bext
28.6 In ta) Th
of bb) Ad
liabc) All
In terms of ouFor Krunal MChartered AcFirm RegistraSd/- CA Krunal SPartner Membership Place : MumDate : 22.05.2
FILTRA
CONSU00MH2011PNotes form
ontingent lia
rticulars
ontingent liab Claims agai Guarantees Other monble
ommitments e Company ect on the fin
etails of Tran
rticulars
Export Foreign Tra) Import
evious year'srticulars evious year'srrent year's c
ALANCES Ondry Debtorovision has bcovery.
terms of Setstanding to be registeredtent such infothe opinion oe realizationbusiness, wo
dequate Provbilities and thl the expenseur report attac
M Shah & Co. ccountants ation No:- 131 hah
p No:- 115075
mbai 2019
A CONS(C
ULTANTSPLC217837)ming part obilities and
bilities inst the Com
ney for whic
has not pronancial statemnsaction in f
avelling
s figures
s figures havclassification
OF TRADE Drs and Creditbeen made fo
ection 22 of these enterpd under the Aormation is pof the Board
n value of all ould not be levisions havehere is no otes paid/provched. Fo
1794W Sd K M (D
Sd Pa (C Pl Da
ULTANTCIN: L4100
Eighth An
S AND E) of the fina commitmen
mpany not ack
ch the Comp
ovided any cment of the coreign Curre
e been regron / disclosureDEBTORS, Ctors, Loans aor the doubtf
the Micro, prises are reqAct. The amprovided by assets other ess than the ae been madeher undisclo
vided have b
or and on beh
d/- Ketan Khant Managing DireDIN: 03506163
d/- arag Bodha ompany Secreace : Mumbai
ate : 22.05.201
TS AND 00MH2011nnual Repor
ENGINEE
ancial statents (to the ext
knowledged
pany is cont
contractual ccompny ency on acco
ouped / reclae.
CREDITORSand advanceful Debts, Lo
small and quired to be
mounts due to the supplier
than fixed aamount at we for all knoosed liabilitiebeen incurred
half of the Boa
Sd/- Anjalector Whol) (DIN
etary) i 19
ENGINEPLC21783rt 2018–19
ERS LIM
ements tent not prov
as debt
tingently
commitment
ount of:
assified wher
S AND LOAs are subject
oans and Adv
Medium Endisclosed. Ho such supplr.
and non currwhich they arown liabilities of contiged for the purp
ard of Directo
li Khant le Time Direct:03506175)
Sd/- Vaishali Pai (Chief Finan
EERS LIM37)
MITED
vided for) For the ye
ended 31 March, 20
NIL NIL
NIL
t as on date
For the yeended
31 March, 2016,48,59
5,15,861,08,36,351,30,00,80
rever necessa
NS & ADVAt to confirmavances as the
nterprises DeHowever, the
liers if any, h
rent investmee stated es and therent nature. pose of the b
ors
Sd/- Ashfak tor Whole T (DIN:03
ncial Officer)
MITED
ear
019
F
31 M
which will
ear
019
F
31 M93.00 62.81 52.00 07.81
ary to corresp
ANCES ation and recey are consid
evelopment se enterprisehave been id
ents in the or
e is no othe
business of th
Mulla Time Director506172)
For the year ended
March, 2018
NIL NIL
NIL
have materi
For the year ended
March, 2018 30,502.
12,28,724.98,18,066.
1,10,77,292.
pond with th
conciliation Ndered good f
Act 2006, tes are requiredentified to th
rdinary cour
er undisclose
he company.
r
ial
00 50 00 50
he
No for
he ed he
rse
ed
73
TO, THE ME Report oOpinionWe havEngineewhich cstatemenotes toexplanat In our oaforesai2013 in principleits Conso Basis foWe cond143(10) describesection issued bare rele2013 anwith theobtained Key AudKey audour audaddresseforming We have InformaThe HolinformaConsolid Our opindo not e In connethe othinconsisotherwisconcludethat fact
FILTRA
MBERS OF F
on the Auditn ve audited trs Limited (“comprise theent of profit ao the financitory informa
pinion and td Consolidathe mannees generally olidated pro
r Opinion ducted our aof the Co
ed in the Auof our reporby the Instituvant to our d the Rules tese requiremd is sufficien
dit Matters it matters ardit of the ced in the coour opinion
e determined
ation Other tlding Compation compridated financi
nion on the express any f
ection with er informattent with thse appears e that theret. We have n
A CONS(C
FILTRA CONS
t of the Cons
the accompa“ the Holdinge Consolidatand loss, andal statemenation
to the best oted financiar so requireaccepted in fit, and its Co
audit in accompanies Acuditor’s Resprt. We are inte of Charteaudit of ththereunder, ments and tt and approp
re those matonsolidated ontext of ou thereon, an
d that there
than the Finaany’s Board ses the infoial statemen
consolidatedform of assu
our audit oftion and, in he consolidatto be mate is a materianothing to re
ULTANTCIN: L4100
Eighth AnINDEPENDE
SULTANTS AN
solidated Fin
anying Consg Company”)ted balanced Consolidatts, including
of our informl statemented and give India, of theonsolidated
ordance withct, 2013. Ouponsibilities ndependent red Accounte financial sand we havthe Code ofpriate to pro
tters that, infinancial str audit of thnd we do not
are no key a
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ormation incts and our a
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TS AND 00MH2011nnual Repor
ENT AUDITO
ND ENGINEE
nancial State
solidated fin), comprising sheet as ated statemeng a summary
mation and as give the ina true and fe state of affcash flows fo
h the Standarur responsibfor the Audof the Com
tants of Indiastatements ue fulfilled ouf Ethics. Weovide a basis
n our professtatements ohe consolidat provide a se
audit matters
ments and Ars is responcluded in theuditor’s repo
tatements dusion thereo
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ment of this oregard.
ENGINEPLC21783rt 2018–19ORS' REPORT
ERS LIMITED
ement
ancial Stateg of its subsiat 31st Marnt of cash floy of significa
ccording to tnformation fair view in fairs of the Gor the year e
rds on Auditbilities undedit of the Company in accoa together wunder the pur other ethie believe thfor our opin
sional judgmof the curreated financiaeparate opin
s to be comm
Auditor’s Repsible for the Annual Reort thereon.
oes not coven.
cial statemehether the s or our knosed on the other inform
EERS LIM37)
T
ement of Fildiaries ( togch 2019, anows for the ynt accountin
the explanatrequired by conformity Group as at ended on tha
ting (SAs) speer those Staonsolidated Fordance wit
with the ethicrovisions of cal responsiat the audition.
ent, were ofnt period. Tal statementnion on these
municated in
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er the other
ents, our resother inform
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tra Consultaether, “ the nd the Consyear then enng policies a
tions given tthe Compawith the acMarch 31, 2at date.
ecified undeandards areFinancial Stah the Code cal requiremethe Compabilities in acct evidence
f most signifThese mattes as a wholee matters.
n our report.
n ormation. Thdoes not inc
r information
ponsibility ismation is mained in the have performre required t
ants and Group”), solidated ded, and nd other
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74
ResponsFinanciaThe Holdthe Comstatemepositionflows ofacceptedwith Rualso resconsiderthe provsubsidiaaccordapreventaccountimplemeeffectivepreparatfrom ma In prepaGroup’s concernliquidate Those B Auditor’Our objstatemeissue anassuranca materconsiderinfluencstateme As part professi• Identifwhetherobtain anot deteerror, aoverride • Obtaiproceduresponsfinanciaeffective
FILTRA
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aring the conability to c and using te the Group
oard of Direc
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n an underures that are ible for expl controls weness of such
A CONS(C
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nsolidated finontinue as athe going co or to cease
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it in accordism throughoss the risks oud or error, ce that is sufterial misstay involve cocontrol.
rstanding ofappropriate
pressing our with referench controls.
ULTANTCIN: L4100
Eighth Anent and Tho
of Directors iAct”) with refair view of or loss ( conss subsidiaries AccountingAccounts) Ruaccuracy o
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f internal coe in the circuopinion on
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TS AND 00MH2011nnual Repor
ose Charged
is responsiblespect to thethe Consolidsolidated fins in accorda Standards sules, 2014. Tof accountinf consolidatenagement of responsible for safeguarr irregularitieestimates thquate internompletenessal statemento fraud or er
ements, the cern, disclosof accountinor has no re
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ontrol relevamstances. U whether thidated finan
ENGINEPLC21783rt 2018–19d with Gov
e for the mae preparatiodated State nancial perfonce with thespecified undThe Holding ng records ed financial the companfor mainteding of the es; selectionhat are reasonal financials of the accots that give arror.
Managemensing, as applng unless thealistic altern
eing the Gro
Statementsabout whetment, wheth Reasonableed in accordnts can arisate, they co the basis
ercise profe
nt of the condit procedureto provide a fraud is higional omissi
ant to the nder Sectionhe holding cncial stateme
EERS LIM37)
vernance fo
atters statedn of these cof affairs ( cormance ) ane accountingder Section Company’s including fistatements.nies includedenance of aassets of th
n and appliconable and pl controls, tounting recoa true and fa
nt is responslicable, matte Managemenative but to
oup’s financia
ther the coher due to fre assurancedance with SAe from frauould reasonaof these co
essional judg
nsolidated fes responsivbasis for ouher than foons, misrep
audit in orn 143(3)(i) ofcompany haents in plac
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or the Cons
d in Section 1onsolidated onsolidated nd consolidag principles g133 of the ABoard of Dirinancial info Further, in d in the Grouadequate rehe Companyation of appprudent; andthat were oords, relevanair view and
ible for asseters related ent either indo so.
al reporting
onsolidated raud or erroe is a high As will alwayud or error ably be exponsolidated
gment and
financial statve to those rr opinion. Thr one resultresentations
der to desif the Act, weas adequate e and the o
solidated
134(5) of financial financial
ated cash generally Act, read rectors is ormation terms of
up and its cords in y and for propriate d design, operating nt to the are free
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financial r, and to level of ys detect and are ected to financial
maintain
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gn audit e are also internal
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75
• Evaluaestimate • Concluand, basor condiwe concreport tinadequthe dateto contin • Evaluaincludinunderlyi We comscope aninternal We alsorelevantrelationswhere a From ththat weperiod aunless lacircumstadverse benefits Report o As requi
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ate the appres and relate
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ropriatenessed disclosure
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all presentatosures, andons and eve
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ught and oband belief we
ion, proper onsolidated m our exami
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ULTANTCIN: L4100
Eighth An of accounties made by m
ness of mance obtained,ificant doubtncertainty exs in the conion. Our con However, fu
tion, structud whether nts in a man
arged with gnd significanduring our a
d with goveregarding
that may reuards.
d with thosein the audit ey audit matdes public dhat a matter g so would r.
ulatory Requ
f the Act, we
tained all there necessar
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nce Sheet, thstatement d
esaid consolder Section
TS AND 00MH2011nnual Repor
ing policies management
agement’s u, whether a t on the Groxists, we aresolidated finclusions are uture events
re and contethe consoliner that ach
governance rnt audit findaudit.
ernance withindependeneasonably be
e charged wiof the constters. We dedisclosure abshould not reasonably b
uirements
e report that
he informatiory for the pu
count as reqatements haose books.
he Consolidadealt with by
lidated finan133 of the
ENGINEPLC21783rt 2018–19used and tht.
use of the gomaterial uncup’s ability t required tonancial statebased on th
s or condition
ent of the codated finanhieves fair pr
regarding, amings, includi
h a statemence, and toe thought to
ith governansolidated finaescribe thesebout the mabe communbe expected
:
on and explarposes of ou
quired by lawave been ke
ated Statemy this Report
ncial statemee Act, read
EERS LIM37)
he reasonab
oing concerncertainty exito continue ao draw attenments or, if he audit evidns may caus
onsolidated fncial statemesentation.
mong other mng any signi
nt that we o communico bear on ou
nce, we deteancial stateme matters in atter or wheicated in outo outweigh
anations whiur audit.
w relating topt by the C
ment of Profiare in agree
ents comply with Rule 7
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leness of ac
n basis of acsts related tas a going contion in our such disclos
dence obtaine the Group
financial statments repres
matters, theficant defici
have complcate with tr independe
ermine thosements of theour auditor
en, in extremr report bech the public
ch to the be
o the prepaCompany so
it and Loss, ement with t
with the Ac7 of the Co
ccounting
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tements, sent the
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lied with them all ence, and
e matters e current rs’ report mely rare cause the c interest
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ccounting ompanies
76
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On the bascompany ascompany ,ndirector in te
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ct to the adeqmpany and fer to our sep
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ULTANTCIN: L4100
Eighth Anritten repre/2019 takendirectors is tion 164 (2) o
quacy of theits subsidiarparate repor
er matters toes (Audit andcording to the
t have any li.
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unts which rthe Group.
TS AND 00MH2011nnual Repor
sentations rn on record disqualifiedof the Act.
e internal finaries companrt in "Annexu
o be included Auditors) Re explanatio
itigations pe
n, as requireeable losses
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ENGINEPLC21783rt 2018–19received froby the Boa as 31/03/2
ancial controies and the ure A".
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ending whose
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77
“AnnexuStateme Report oCompan In conjuEngineefor the yreportinthat dat ManageThe respcoveredbased oconsiderInternal of Indiainternal conductpreventrecords,Compan AuditorsOur respreportinaccorda(the “Guunder sefinanciaInstitutecomply about wmaintain Our audinternal of internexists, aselectedmisstate We beliefor our a
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ure A” to thents of FILTR
on the Internies Act, 201
unction withrs Limited (“year ended ng of Holdinge.
ement’s Resppective Boar under the on the intering the esseFinancial Co. These respfinancial co
t of its busineion and det, and the tnies Act, 201
s’ Responsibponsibility is ng of the Holnce with theuidance Noteection 143(1l controls, be of Charterewith ethicalwhether adened and if su
dit involves financial connal financialand operatind depend upement of the
eve that the audit opinion
A CONS(C
he IndependRA CONSULT
rnal Financia13 (“the Act”
h our audit “the Holding31st March g company a
ponsibility fod of DirectoAct are respernal controential compoontrols over ponsibilities ontrols that ess, includingection of fratimely prep3.
bility to express ading compane Guidance Ne”) and the 10) of the Cooth applicabed Accountan requiremenequate internuch controls
performing ntrol system controls ovng effectivenon on the ae financial sta
audit evidenn on the Gro
ULTANTCIN: L4100
Eighth Andent AuditoTANTS AND E
al Controls u”)
of the consg Company”)2019. We hnd its subsid
or Internal Frs of the Hoponsible for ol over finaonents of inFinancial Reinclude the were operag adherenceauds and eraration of
an opinion ony and its suNote on AudStandards oompanies Acble to an audnts of India. nts and plannal financialoperated eff
procedures m over financver financialness of interuditor's judgatements, w
nce we haveup ’s interna
TS AND 00MH2011nnual Repor
r’s Report oENGINEERS L
under Claus
olidated fin), comprisinghave auditeddiaries which
inancial Conlding compaestablishing
ancial reportnternal contreporting issuedesign, impating effectie to companyrors, the acreliable fina
n the Compabsidiaries badit of Internan Auditing, ct, 2013, to tdit of InternaThose Stand
n and perforl controls ovfectively in a
to obtain acial reporting reporting, anal control gment, incluhether due t
e obtained is al financial co
ENGINEPLC21783rt 2018–19of even dateLIMITED for t
e (i) of Sub‐
ancial statemg of its subs the internah are compan
ntrols ny, its two sg and maintating criteriarol stated ined by the Insplementationively for ensy’s policies, tcuracy and ancial inform
any's internaased on our aal Financial Cissued by ICAthe extent aal Financial Cdards and them the audit ver financialall material re
udit evidencg and their oassessing thbased on thding the assto fraud or e
sufficient anontrols syste
EERS LIM37)
e on the Cothe year end
‐section 3 o
ments of Filsidiaries (togl financial conies covered
subsidiaries waining interna established the Guidanstitute of Chn and maintsuring the othe safeguardcompletenesmation, as
al financial coaudit. We coControls OveAI and deemapplicable toControls ande Guidance Nto obtain rel reporting wespects.
ce amount tperating effee risk that ahe assessed sessment of error.
nd appropriaem over finan
MITED
onsolidated Fded 31st Mar
f Section 14
ltra Consultagether, “the ontrols over d under the A
which are conal financial d by the Cnce Note on hartered Acctenance of aorderly and ding of its asss of the acrequired un
ontrols over onducted our Financial Rmed to be pro an audit ofd, both issueNote requireeasonable awas establis
the adequacectiveness. Oa material wrisk. The prothe risks of
ate to providncial reporti
Financial rch 2019
43 of the
ants and Group”), financial Act, as at
ompanies controls
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78
MeaningA compreasonastatemecompanthat (1) the tranthat traaccordacompanthe comunauthoeffect on Inheren Becausethe possdue to einternal internal conditio OpinionIn our oAct, hareportinMarch 3Holding stated inthe Insti Date : 2Place : M
FILTRA
g of Internalpany's internble assurancents for extey's internal pertain to thnsactions anansactions ance with geny are being
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t Limitations
e of the inhesibility of coerror or fraufinancial cofinancial co
ons, or that t
n opinion, the ave, in all mng and such i31, 2019, baCompany a
n the Guidanitute of Char
22/05/2019 MUMBAI
A CONS(C
l Financial Conal financial ce regardingernal purposfinancial conhe maintenad dispositionare recordednerally accepmade only (3) provide sition, use, al statement
s of Internal
erent limitatollusion or imud may occuontrols over ontrol over fhe degree of
Holding Commaterial respnternal finanased on the and its subsnce Note on Artered Accou
ULTANTCIN: L4100
Eighth An
ontrols overcontrol ove the reliabilises in accordntrol over finnce of recorns of the asd as necesspted accountin accordanreasonable or dispositiots.
Financial Co
ions of intermproper maur and not financial repfinancial repf compliance
mpany and iects, an adencial controlinternal considiaries conAudit of Inteuntants of Ind
TS AND 00MH2011nnual Repor
r Financial Reer financial ty of financidance with nancial repords that, in ressets of the sary to permting principlece with authassurance ron of the co
ontrols over
rnal financianagement obe detectedporting to fuporting may e with the po
its subsidiariequate inters over financntrol over finnsidering theernal Financiadia.
ENGINEPLC21783rt 2018–19
eporting reporting is ial reporting generally acrting includeeasonable decompany; (2mit preparaes, and that horizations oregarding prompany's as
Financial Re
al controls ovoverride of c. Also, projeture periodsbecome ina
olicies or pro
ies which arrnal financiacial reportingnancial repoe essential al Controls o
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a process and the pre
ccepted accoes those poletail, accura2) provide retion of finareceipts andof managemevention or sets that co
eporting
ver financialcontrols, maections of ans are subjectadequate becedures may
re companieal controls syg were operaorting critericomponentsover Financia
UNAL M. SHArtered Accoueg No. :1317
Sd/‐ RUNAL M. S
Partner M.No. : 1150
MITED
designed toeparation of ounting prinicies and protely and faireasonable aancial statemd expenditurment and dire timely deteould have a
l reporting, iterial misstany evaluatiot to the risk ecause of chy deteriorate
s covered uystem over ating effectiva establishes of internaal Reporting
AH AND CO. untants) 794W
SHAH
075
o provide financial ciples. A ocedures rly reflect ssurance ments in res of the ectors of ection of material
including atements on of the that the
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79
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN:L41000MH2011PLC217837) Consolidated Balance Sheet as at 31 March, 2019 Particulars
A EQUITY AND LIABILITIES
1 Shareholders' Funds (a) Share capital (b) Reserves and surplus (c) Money receive againts share warrant
2 Share Application Money Pending Allotment3 Minority Interest
Non-current liabilities
(a) Long-term borrowings (b) Deferred tax liabilities (c) Other Long- Term liabilities (d) Long term provisions
4 Current liabilities (a) Short Term Liabilities (b) Trade Payable (c) Other Current Liabilities (d) Short Term Provisions
B ASSETS
1 Non-current assets
(a) Fixed assets (i) Tangible assets (ii) Intangible assets (iii) Capital Work-in-progress (iv) Intangible assets under development (v) Fixed assets held for sale
(b) Non-current investment (c) Deferred tax assets (d) Long- term loans and advances (e) Other non-current assets
2 Current assets (a) Current investment (b) Inventories (c) Trade receivables (d) Cash and cash equivalents (e) Short-term loans and advances (f) Other current assets
In terms of our report attached.
For Krunal M Shah & Co. Chartered Accountants Firm Registration No:- 131794W Sd/- CA Krunal Shah Partner Membership No:- 115075 Place : Mumbai Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
FILTRA CONSULTANTS AND ENGINEERS LIMITED
Consolidated Balance Sheet as at 31 March, 2019 Note No.
3 4
(c) Money receive againts share warrant
Share Application Money Pending Allotment
5
6
7 8 9
TOTAL
10
progress (iv) Intangible assets under development
11 term loans and advances 12
13 14 15
16 term loans and advances 17
TOTAL
1 TO 28
For and on behalf of the Board of Directors
Sd/- Sd/- Sd/ Ketan Khant Anjali Khant Ashfak Mulla Managing Director Whole Time Director Whole Time Director (DIN: 03506163) (DIN:03506175) (DIN:03506172) Sd/- Sd/- Parag Bodha Vaishali Pai (Company Secretary) (Chief Financial Officer)
Place : Mumbai Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED
As at 31 March, 2019
82,230,000.00 25,219,136.60
10,74,49,136.60 -
602,054.22 -
600,000.00 -
3,300,193.00 -
4,502,247.22
- 89,978,764.45 5,231,048.44 21,404,068.00
116,613,880.89
228,565,264.71
32,484,967.39 -
2,289,543.00 - -
34,774,510.39
- 1,950,697.13 2,705,122.00
-
4,655,819.13
9,731,167.30 79,440,042.97 69,494,270.70 17,554,387.11 12,915,067.11
-
189,134,935.19
228,565,264.71
Sd/- Ashfak Mulla
Managing Director Whole Time Director Whole Time Director N:03506175) (DIN:03506172)
(Company Secretary) (Chief Financial Officer)
80
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN:L41000MH2011PLC217837) Consolidated statement of Profit and Loss for the year ended 31 March, 2019 Particulars
A CONTINUING OPERATIONS
1 Revenue from operations (gross)
Less :- GST/VAT
Revenue from operations (net)2 Other Income
3 Total revenue (1+2)
4 Expenses (a) Cost of Materials Consumed (b) Purchase of Traded goods (c) Change in Inventories of Finished Goods, Work in
Progress and Stock in Trade (d) Employee benefits expenses (e) Financial Costs (f) Depreciation and amortisation expenses (g) Other expenses
Total expenses
5 Profit/(Loss) before exceptional and extraordinary items and tax (3 - 4)
6 Exceptional item
7 Profit/(Loss) before extraordinary items and tax (5
8 Extra ordinary items
9 Profit/(Loss) before tax (7 - 8)
10 Tax expense: (a) Current tax expense for current year (b) Current tax expense relating to prior years (c) Deferred Tax Assets/Liabilities
11 Profit/(Loss) after tax(9 - 10)
Profit (loss) of minority interest Profit (Loss) for the period after minority interest and
Tax Earnings per share (of Rs. 10/ (a) Basic (b) Diluted
See accompanying notes forming part of financial statement
For Krunal M Shah & Co. For and on behalf of the Board of Directors Chartered Accountants Firm Registration No:- 131794W Sd/- Sd/CA Krunal Shah Ketan Khant Partner Managing Director Whole Time Director Whole Time DirecMembership No:- 115075 (DIN: 03506163) (DIN:0350 Sd/ Parag Bodha (Company Secretary) (Chief Financial Officer)Place : Mumbai Place : MumbaiDate : 22.05.2019 Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
FILTRA CONSULTANTS AND ENGINEERS LIMITED
Consolidated statement of Profit and Loss for the year ended 31 March, 2019 Note No. For the year
CONTINUING OPERATIONS Revenue from operations (gross) 18
Revenue from operations (net) 19
(a) Cost of Materials Consumed
20 (c) Change in Inventories of Finished Goods, Work in
21
Employee benefits expenses 22 23
(f) Depreciation and amortisation expenses 10 24
exceptional and extraordinary items
Profit/(Loss) before extraordinary items and tax (5 - 6)
8)
(a) Current tax expense for current year (b) Current tax expense relating to prior years (c) Deferred Tax Assets/Liabilities
Profit (loss) of minority interest Profit (Loss) for the period after minority interest and
Earnings per share (of Rs. 10/- each): 25
See accompanying notes forming part of financial statement 1 TO 28
For Krunal M Shah & Co. For and on behalf of the Board of Directors
Sd/- Sd/- Sd/- CA Krunal Shah Ketan Khant Anjali Khant Ashfak MullaPartner Managing Director Whole Time Director Whole Time Direc
115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172)
Sd/- Sd/- Parag Bodha Vaishali Pai (Company Secretary) (Chief Financial Officer)
Place : Mumbai Place : Mumbai Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED
For the year ended 31 March, 2019
626,473,786.69
90,271,053.27
536,202,733.42 4,814,804.58
541,017,538.00
477,929,374.43
(25,823,030.97) 35,117,630.22
187,507.22 1,345,458.66
25,154,224.79
51,39,11,164.35
27,106,373.65
27,106,373.65
27,106,373.65
8,450,000.00
267,410.26 (436,374.18)
8,281,036.08
18,825,337.57
210,054.22 18,615,283.35
2.47 2.47
Anjali Khant Ashfak Mulla Partner Managing Director Whole Time Director Whole Time Director
6175) (DIN:03506172)
81
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN:L41000MH2011PLC217837) Consolidated Cash Flow Statement for the year ended 31 March, 2019
Particulars
A. Cash flow from operating activities
Net Profit before tax Adjustments for:
Depreciation and amortisation Loss on sale of assets Financial Cost
Other Income Operating profit / (loss) before working capital changes
Changes in working capital:
Adjustments for (increase) / decrease in operating assets:Increase stock Decrease Trade Receivable Increase Short Term Loans & AdvancesDecrease Long Term Loans & Advances
Adjustments for increase / (decrease) in operating liabilities:
Increase in Trade payables Increase in Provisions Increase in long Term Liabilties Increase in other current liabilities
Cash flow from extraordinary items Cash generated from operations Net income tax (paid) / refunds
Net cash flow from / (used in) operating activities (A)
B. Cash flow from investing activities
Purchase of Fixed Assets Increase in Current Investment Increase in Non Current Investment
Interest Received
Net income tax (paid) / refunds Net cash flow from / (used in) investing activities (B)
C. Cash flow from financing activities
Proceeds from issue of equity shares Payment of Dividend and Tax Thereon Proceeds from long-term unsecured borrowingsIncrease in Minority Interest Financial Costs
Cash flow from extraordinary items
Net cash flow from / (used in) financing activities (C)
Net increase / (decrease) in Cash and cash equivalents (A+B+C)
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
FILTRA CONSULTANTS AND ENGINEERS LIMITED
Consolidated Cash Flow Statement for the year ended 31 March, 2019 For The Year Ended 31 March, 2019
rom operating activities
1,345,458.66 3,074.22 187,507.22
Operating profit / (loss) before working capital changes
Adjustments for (increase) / decrease in operating assets: -79,440,042.97 -69,494,270.70
Increase Short Term Loans & Advances -12,915,067.11 Decrease Long Term Loans & Advances -2,705,122.00
Adjustments for increase / (decrease) in operating
89,978,764.45 562,500.00 3,300,193.00
5,231,048.44
Net cash flow from / (used in) operating activities (A)
-34,814,718. -9,731,167.30
Net cash flow from / (used in) investing activities (B)
C. Cash flow from financing activities
82,230,000.00
-12,391,568.00 term unsecured borrowings 600,000.00
602,054.22 -187,507.22
Net cash flow from / (used in) financing activities (C)
Net increase / (decrease) in Cash and cash
FILTRA CONSULTANTS AND ENGINEERS LIMITED
For The Year Ended 31 March, 2019
27,106,373.65
1,345,458.66
3,074.22 187,507.22 1,536,040.10
28,642,413.75
79,440,042.97 69,494,270.70 12,915,067.11 2,705,122.00
89,978,764.45 562,500.00
3,300,193.00 5,231,048.44 -65,481,996.89
-36,839,583.14
- -36,839,583.14 -267,410.26
-37,106,993.40
34,814,718.57 9,731,167.30
- -44,545,885.87
-44,545,885.87
-44,545,885.87
82,230,000.00 12,391,568.00
600,000.00 602,054.22 187,507.22 70,852,979.00
-
70,852,979.00
- 10,799,900.27
82
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Cash and cash equivalents at the beginning of the yearCash in hand Bank Balance
Cash and cash equivalents at the end of the year
Reconciliation of Cash and cash equivalents with the Balance Sheet: Cash and cash equivalents at the end of the year *
* Comprises: (a) Cash on hand (b) Balances with banks
NOTES: (i) The cash flow statement reflects the combined ca(ii) These enmarkes account balance with bank can be utilised for the specific identified purpose.
See accompanying notes forming part of financial statement
In terms of our report attached. For Krunal M Shah & Co. For and on behalf of the Board of Directors Chartered Accountants Firm Registration No:- 131794W Sd/- Sd/CA Krunal Shah Ketan Khant Anjali Khant Ashfak MullaPartner Managing Director Whole Time Director Whole Time DirectorMembership No:- 115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172) Sd/ Parag Bodha Vaishali Pai (Company Secretary) (Chief Financial Officer)Place : Mumbai Place : MumbaiDate : 22.05.2019 Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
nning of the year 276,055.27 28,078,232.11
Cash and cash equivalents at the end of the year
Reconciliation of Cash and cash equivalents
Cash and cash equivalents at the end of the year *
NOTES: (i) The cash flow statement reflects the combined cash flow pertaining to continuing and discounting operations. (ii) These enmarkes account balance with bank can be utilised for the specific identified purpose.
See accompanying notes forming part of financial statement 1 TO 28
For Krunal M Shah & Co. For and on behalf of the Board of Directors
Sd/- Sd/- Sd/- CA Krunal Shah Ketan Khant Anjali Khant Ashfak Mulla
Managing Director Whole Time Director Whole Time Director115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172)
Sd/- Sd/- Parag Bodha Vaishali Pai (Company Secretary) (Chief Financial Officer)
Place : Mumbai Place : Mumbai Date : 22.05.2019 Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED
276,055.27
28,078,232.11 28,354,287.38
17,554,387.11
17,554,387.11
512,552.20 17,041,834.91 17,554,387.11
sh flow pertaining to continuing and discounting operations. (ii) These enmarkes account balance with bank can be utilised for the specific identified purpose.
1 TO 28
CA Krunal Shah Ketan Khant Anjali Khant Ashfak Mulla Managing Director Whole Time Director Whole Time Director
115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172)
(Company Secretary) (Chief Financial Officer)
83
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN:L41000MH2011PLC217837)Consolidated Notes forming part of the financial statements
Note
1 Nature of Operations The Company was Incorporate on 24th May, 2011. The Company Mainly in Trading and
Manufacturing Activity of Water Treatment system Business such as Membrane, Multi port Valve, Cartridge, Vessels, Tank, Pump, Ph Meter, Orp Meter, Conductivity Meter UV Purifipressure pumps, pressure switch, level switch and such other items which used for the purpose of Industrial watertreatment plant. The Company Operates through its Business in Mumbai, Pune, Nagpur, Indore and Ahmedabad.
2 Significant accounting policies
2.1 (i)Basis of accounting and preparation of financial statements
These consolidated financial statements comprise the financial statements of Filtra Consultants and Engineers Limited and its Subsidiary Innovative Technocare Private Private Limited. The consolidated financial statements are prepared in accordance with the Generally Accepted Accounting Principles in India (‘Indian GAAP’) to comply with the Accounting Standards specified under Section 133 of the Comthe Companies (Accounts) Rules, 2014 and the relevant provisions of the Companies Act, 2013. The financial statements have been prepared under the historical cost convention on accrual basis, except in case of assets fare measured at fair value.
(ii) Presentation and disclosure of financial statements:During the year end 31st March 2019, the group has presented the consolidated financial statements as per the Schedule (III) notified under the Companies Act, 2013. The group has also reclassified the previous year’s figures in accordance with the requirements applicable in the current year.
(iii) Principles of consolidation:The consolidated financial statements of the Group are prepared in accordance with Accounting Standard 21 – ‘Consolidated Financial Statements’, Accounting Standard 23 Investments in Associates in Consolidated Financial Statements’ as notified by the RulThe consolidated financial statements are presented, to the extent possible, in the same format as that adopted by the Company for its standalone financial statements.The consolidated financial statements are prepared using uniform accounting policiestransactions and events in similar circumstances and necessary adjustments required for deviations, if any to the extent possible unless otherwise stated, are made in the consolidated financial statements and are presented in the same manner as tstatements. The financial statements of the Company and its subsidiary have been combined on a linebasis by adding together the book values of like items of assets, liabilities, income and expenses, after eliminating intra group balances and intra group transactions. The unrealised profits or losses resulting from the intra group transactions and intra group balances have been eliminated.Share of minority interest, if any in the net profit is adjusted against theincome attributable to shareholders of the parent Company. Minority interest’s share of net assets is presented separately in the balance sheet.
2.2 Use of estimates
The preparation of the financial statements in conformity with Indian GAAP requires the Management to make estimates and assumptions considered in the reported amounts of assets and liabilities (including contingent liabilities) and the reported income and expenses duringyear. The Management believes that the estimates used in preparation of the financial statements are prudent and reasonable. Future results could differ due to these estimates and the differences
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN:L41000MH2011PLC217837) Consolidated Notes forming part of the financial statements
Particulars
The Company was Incorporate on 24th May, 2011. The Company Mainly in Trading and Manufacturing Activity of Water Treatment system Business such as Membrane, Multi port Valve, Cartridge, Vessels, Tank, Pump, Ph Meter, Orp Meter, Conductivity Meter UV Purifipressure pumps, pressure switch, level switch and such other items which used for the purpose of Industrial watertreatment plant. The Company Operates through its Business in Mumbai, Pune, Nagpur, Indore and Ahmedabad.
g policies
(i)Basis of accounting and preparation of financial statements
These consolidated financial statements comprise the financial statements of Filtra Consultants and Engineers Limited and its Subsidiary Innovative Technocare Private Private Limited. The consolidated financial statements are prepared in accordance with the Generally Accepted Accounting Principles in India (‘Indian GAAP’) to comply with the Accounting Standards specified under Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014 and the relevant provisions of the Companies Act, 2013. The financial statements have been prepared under the historical cost convention on accrual basis, except in case of assets for which provision for impairment for certain financial instruments which are measured at fair value.
(ii) Presentation and disclosure of financial statements: During the year end 31st March 2019, the group has presented the consolidated financial
ements as per the Schedule (III) notified under the Companies Act, 2013. The group has also reclassified the previous year’s figures in accordance with the requirements applicable in the
(iii) Principles of consolidation: financial statements of the Group are prepared in accordance with Accounting
‘Consolidated Financial Statements’, Accounting Standard 23 Investments in Associates in Consolidated Financial Statements’ as notified by the RulThe consolidated financial statements are presented, to the extent possible, in the same format as that adopted by the Company for its standalone financial statements. The consolidated financial statements are prepared using uniform accounting policiestransactions and events in similar circumstances and necessary adjustments required for deviations, if any to the extent possible unless otherwise stated, are made in the consolidated financial statements and are presented in the same manner as the Company’s standalone financial
The financial statements of the Company and its subsidiary have been combined on a linebasis by adding together the book values of like items of assets, liabilities, income and expenses,
ting intra group balances and intra group transactions. The unrealised profits or losses resulting from the intra group transactions and intra group balances have been eliminated.Share of minority interest, if any in the net profit is adjusted against the income attributable to shareholders of the parent Company. Minority interest’s share of net assets is presented separately in the balance sheet.
the financial statements in conformity with Indian GAAP requires the Management to make estimates and assumptions considered in the reported amounts of assets and liabilities (including contingent liabilities) and the reported income and expenses duringyear. The Management believes that the estimates used in preparation of the financial statements are prudent and reasonable. Future results could differ due to these estimates and the differences
FILTRA CONSULTANTS AND ENGINEERS LIMITED
The Company was Incorporate on 24th May, 2011. The Company Mainly in Trading and Manufacturing Activity of Water Treatment system Business such as Membrane, Multi port Valve, Cartridge, Vessels, Tank, Pump, Ph Meter, Orp Meter, Conductivity Meter UV Purifiers, High pressure pumps, pressure switch, level switch and such other items which used for the purpose of Industrial watertreatment plant. The Company Operates through its Business in Mumbai, Pune,
These consolidated financial statements comprise the financial statements of Filtra Consultants and Engineers Limited and its Subsidiary Innovative Technocare Private Limited and Of Water Private Limited. The consolidated financial statements are prepared in accordance with the Generally Accepted Accounting Principles in India (‘Indian GAAP’) to comply with the
panies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014 and the relevant provisions of the Companies Act, 2013. The financial statements have been prepared under the historical cost convention on accrual basis,
or which provision for impairment for certain financial instruments which
During the year end 31st March 2019, the group has presented the consolidated financial ements as per the Schedule (III) notified under the Companies Act, 2013. The group has also
reclassified the previous year’s figures in accordance with the requirements applicable in the
financial statements of the Group are prepared in accordance with Accounting ‘Consolidated Financial Statements’, Accounting Standard 23 – ‘Accounting for
Investments in Associates in Consolidated Financial Statements’ as notified by the Rules. The consolidated financial statements are presented, to the extent possible, in the same format as
The consolidated financial statements are prepared using uniform accounting policies for like transactions and events in similar circumstances and necessary adjustments required for deviations, if any to the extent possible unless otherwise stated, are made in the consolidated
he Company’s standalone financial
The financial statements of the Company and its subsidiary have been combined on a line-by-line basis by adding together the book values of like items of assets, liabilities, income and expenses,
ting intra group balances and intra group transactions. The unrealised profits or losses resulting from the intra group transactions and intra group balances have been eliminated.
income to arrive at the net income attributable to shareholders of the parent Company. Minority interest’s share of net assets
the financial statements in conformity with Indian GAAP requires the Management to make estimates and assumptions considered in the reported amounts of assets and liabilities (including contingent liabilities) and the reported income and expenses during the year. The Management believes that the estimates used in preparation of the financial statements are prudent and reasonable. Future results could differ due to these estimates and the differences
84
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
between the actual results and the estimates are recoknown / materialise.
2.3 Cash and cash equivalents (for purposes of Cash Flow Statement)
Cash comprises cash on hand and demand deposits with banks. Cash equivalents balances (with an original maturity of three months or less from the date of acquisition), highly liquid investments that are readily convertible into known amounts of cash and which are subject to insignificant risk of changes in value.
2.4 Cash flow statement
Cash flows are reported using the indirect method, whereby loss before extraordinary items and tax is adjusted for the effects of transactions of nonfuture cash receipts or payments financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated.
2.5 Depreciation and amortisation
Depreciation has been provided on the written down value method as per the rates prescribed in Schedule II of the Companies Act, 2013 and Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The depreciableof an asset or other amount substituted for cost, less its residual value. The useful life of an asset is the period over which an asset is expected to be available for use by an entity, or the number of production or similar units expected to be obtained from the asset by the entity. The useful life of an asset shall not ordinarily different from the useful life specified in Part C and the residual value of an asset shall not be more than five per cent of the original cost o
2.6 Revenue recognition
(a) 'Sales are recognised, net of returns and trade discounts, on transfer of significant risks and rewards of ownership to the buyer, which generally coincides with the delivery of goods to customers.
(b) Gross Sales (net of Return) (c) Other Income is recognized on accrual basis. (d) Dividend Income is recognized when right to receive dividend is established. (e) Interest Income is recognized when no significant uncertainity
accounted for on time propotion basis at contracted rates. (f) Scrap, Salvage/Waste materials and sweepings are accounted for on realization. (g) Insurance and other miscellaneous claims are recognized on receipt/acceptance of claim.
Contractual pass throught incentives, benefits, etc. are recognized on receipt basis.
2.7 Tangible fixed assets, Intangible assets and work
Fixed assets are stated at cost, less accumulated depreciation and impairment, if any. Direct costs are capitalized until fixed assets are ready for use. Capital workof fixed assets that are not yet ready for their intendare recoded at the consideration paid for acquisition of such assets and are carried at cost less accumulated amortization and impairment.
2.8 Investments
(i) Investments that are readily realisable and are intended to be held for not more than one year from the date on which such investments are made are classified as current investments. All other investments are classified as long term investments.
(ii) Long term investments are stated at cost. Provision for diminution is made to recognise a decline, other than temporary, in value of each long term investment, where applicable.
(iii) Current investments are stated at lower of cost and fair value and is charged to revenue.
2.9 Borrowing costs
Borrowing costs relating to the acquisition / construction of qualifying assets are capitalised until
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
between the actual results and the estimates are recognised in the periods in which the results are
Cash and cash equivalents (for purposes of Cash Flow Statement)
Cash comprises cash on hand and demand deposits with banks. Cash equivalents balances (with an original maturity of three months or less from the date of acquisition), highly liquid investments that are readily convertible into known amounts of cash and which are subject to insignificant risk of changes in value.
Cash flows are reported using the indirect method, whereby loss before extraordinary items and tax is adjusted for the effects of transactions of non-cash nature, any deferrals or accruals of past or future cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated. Depreciation and amortisation
Depreciation has been provided on the written down value method as per the rates prescribed in Schedule II of the Companies Act, 2013 and Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less its residual value. The useful life of an asset is the period over which an asset is expected to be available for use by an entity, or the number of
r units expected to be obtained from the asset by the entity. The useful life of an asset shall not ordinarily different from the useful life specified in Part C and the residual value of an asset shall not be more than five per cent of the original cost of the asset.’
Asset Useful life Office equipment 5 years Computers 3 years Furniture & fixtures 10 years Motor vehicles 8 years
(a) 'Sales are recognised, net of returns and trade discounts, on transfer of significant risks and rewards of ownership to the buyer, which generally coincides with the delivery of goods to
(b) Gross Sales (net of Return) include VAT/CST, Wherever applicable. (c) Other Income is recognized on accrual basis. (d) Dividend Income is recognized when right to receive dividend is established.(e) Interest Income is recognized when no significant uncertainity as to its realization exists and is accounted for on time propotion basis at contracted rates. (f) Scrap, Salvage/Waste materials and sweepings are accounted for on realization.(g) Insurance and other miscellaneous claims are recognized on receipt/acceptance of claim. Contractual pass throught incentives, benefits, etc. are recognized on receipt basis.
Tangible fixed assets, Intangible assets and work-in-progress
Fixed assets are stated at cost, less accumulated depreciation and impairment, if any. Direct costs are capitalized until fixed assets are ready for use. Capital work-in-progress comprises of the cost of fixed assets that are not yet ready for their intended use at the reporting date. Intangible assets are recoded at the consideration paid for acquisition of such assets and are carried at cost less accumulated amortization and impairment.
) Investments that are readily realisable and are intended to be held for not more than one year from the date on which such investments are made are classified as current investments. All other investments are classified as long term investments.
Long term investments are stated at cost. Provision for diminution is made to recognise a decline, other than temporary, in value of each long term investment, where applicable.(iii) Current investments are stated at lower of cost and fair value and the resultant decline, if any,
Borrowing costs relating to the acquisition / construction of qualifying assets are capitalised until
FILTRA CONSULTANTS AND ENGINEERS LIMITED
gnised in the periods in which the results are
Cash comprises cash on hand and demand deposits with banks. Cash equivalents are short-term balances (with an original maturity of three months or less from the date of acquisition), highly liquid investments that are readily convertible into known amounts of cash and which are subject
Cash flows are reported using the indirect method, whereby loss before extraordinary items and cash nature, any deferrals or accruals of past or
and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the
Depreciation has been provided on the written down value method as per the rates prescribed in Schedule II of the Companies Act, 2013 and Depreciation is the systematic allocation of the
amount of an asset is the cost of an asset or other amount substituted for cost, less its residual value. The useful life of an asset is the period over which an asset is expected to be available for use by an entity, or the number of
r units expected to be obtained from the asset by the entity. The useful life of an asset shall not ordinarily different from the useful life specified in Part C and the residual value
f the asset.’
(a) 'Sales are recognised, net of returns and trade discounts, on transfer of significant risks and rewards of ownership to the buyer, which generally coincides with the delivery of goods to
(d) Dividend Income is recognized when right to receive dividend is established. as to its realization exists and is
(f) Scrap, Salvage/Waste materials and sweepings are accounted for on realization. (g) Insurance and other miscellaneous claims are recognized on receipt/acceptance of claim. Contractual pass throught incentives, benefits, etc. are recognized on receipt basis.
Fixed assets are stated at cost, less accumulated depreciation and impairment, if any. Direct costs progress comprises of the cost
ed use at the reporting date. Intangible assets are recoded at the consideration paid for acquisition of such assets and are carried at cost less
) Investments that are readily realisable and are intended to be held for not more than one year from the date on which such investments are made are classified as current investments. All other
Long term investments are stated at cost. Provision for diminution is made to recognise a decline, other than temporary, in value of each long term investment, where applicable.
the resultant decline, if any,
Borrowing costs relating to the acquisition / construction of qualifying assets are capitalised until
85
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
the time all substantial activities necessary to prepare the qualifying are complete. A qualifying asset is one that necessarily takes substantial period of time to get ready for its intended use. Capitalisation of borrowing costs is suspended and charged to the Statement of Profit and Loss durinqualifying assets is interrupted.
2.10 Inventories
Finished goods are valued at the lower of cost and net realisable value.
2.11 Earnings per share
Basic earnings per share is computedtax effect of extraordinary items, if any) by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) as adjusted for dividend, interest and other charges to expense or income relating to the dilutive potential equity shares, by the weighted average number of equity shares considered fper share and the weighted average number of equity shares which could have been issued on the conversion of all dilutive potential equity shares. Potential equity shares are deemed to be dilutive only if their conversion to equiordinary operations. Potential dilutive equity shares are deemed to be converted as at the beginning of the period, unless they have been issued at a later date.
2.12 Taxes on income
'Current tax is the amount of tax payable on the taxable income for the year as determined in accordance with the provisions of the Income Tax Act, 1961.
Minimum Alternate Tax (MAT) paid in accordance with theeconomic benefits in the form of adjustment to future income tax liability, is considered as an asset if there is convincing evidence that the Company will pay normal income tax. Accordingly, MAT is recognised as an asset in tassociated with it will flow to the Company.
Deferred tax is recognised on timing differences, being the differences between the taxable income and the accounting income that originate in one period and are capable of reversal in one or more subsequent periods. Deferred tax is measured using the taxsubstantially enacted as at the reporting date. Deferred tax liabilities are recognised for all timing differences. Deferred tax assets in respect of unabsorbed depreciation and carry forward of losses are recognised only if there is virtual certainty that there will be sufficient future taxable income available to realise such assets. Deferred tax assets are recognised for timing differences of other items only to the extent that reasonable certainty exists that sufficibe available against which these can be realised. Deferred tax assets and liabilities are offset if such items relate to taxes on income levied by the same governing tax laws and the Company has a legally enforceable right fdate for their realisability.
Current and deferred tax relating to items directly recognised in equity are recognised in equity
and not in the Statement of Profit and Loss.
2.13 Provisions and contingencies
A provision is recognised when the Company has a present obligation as a result of past events and it is probable that an outflow of resources will be required to settle the obligation in respect of which a reliable estimate can be made. Provisions (excluding retirement benefits) are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the Balance Sheet date. These are reviewed at each Balance Sheet datadjusted to reflect the current best estimates. Contingent liabilities are disclosed in the Notes.
2.14 Retirement benefits
(i) Short Term Employee Benefits
All employee benefits payable within twelve months of rendering the service are classified as short term employee benefits. Benefits such as salaries, wages etc. and the expected cost of bonus, exgratia, incentives are recognized in the period during which
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
the time all substantial activities necessary to prepare the qualifying assets for their intended use are complete. A qualifying asset is one that necessarily takes substantial period of time to get ready for its intended use. Capitalisation of borrowing costs is suspended and charged to the Statement of Profit and Loss during extended periods when active development activity on the qualifying assets is interrupted.
Finished goods are valued at the lower of cost and net realisable value.
Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the profit /
fter tax (including the post tax effect of extraordinary items, if any) as adjusted for dividend, interest and other charges to expense or income relating to the dilutive potential equity shares, by the weighted average number of equity shares considered fper share and the weighted average number of equity shares which could have been issued on the conversion of all dilutive potential equity shares. Potential equity shares are deemed to be dilutive only if their conversion to equity shares would decrease the net profit per share from continuing ordinary operations. Potential dilutive equity shares are deemed to be converted as at the beginning of the period, unless they have been issued at a later date.
'Current tax is the amount of tax payable on the taxable income for the year as determined in accordance with the provisions of the Income Tax Act, 1961. Minimum Alternate Tax (MAT) paid in accordance with the tax laws, which gives future economic benefits in the form of adjustment to future income tax liability, is considered as an asset if there is convincing evidence that the Company will pay normal income tax. Accordingly, MAT is recognised as an asset in the Balance Sheet when it is probable that future economic benefit associated with it will flow to the Company. Deferred tax is recognised on timing differences, being the differences between the taxable income and the accounting income that originate in one period and are capable of reversal in one or more subsequent periods. Deferred tax is measured using the tax rates and the tax laws enacted or substantially enacted as at the reporting date. Deferred tax liabilities are recognised for all timing differences. Deferred tax assets in respect of unabsorbed depreciation and carry forward of losses
ly if there is virtual certainty that there will be sufficient future taxable income available to realise such assets. Deferred tax assets are recognised for timing differences of other items only to the extent that reasonable certainty exists that sufficient future taxable income will be available against which these can be realised. Deferred tax assets and liabilities are offset if such items relate to taxes on income levied by the same governing tax laws and the Company has a legally enforceable right for such set off. Deferred tax assets are reviewed at each Balance Sheet date for their realisability.
Current and deferred tax relating to items directly recognised in equity are recognised in equity and not in the Statement of Profit and Loss.
Provisions and contingencies
A provision is recognised when the Company has a present obligation as a result of past events and it is probable that an outflow of resources will be required to settle the obligation in respect of
timate can be made. Provisions (excluding retirement benefits) are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the Balance Sheet date. These are reviewed at each Balance Sheet datadjusted to reflect the current best estimates. Contingent liabilities are disclosed in the Notes.
(i) Short Term Employee Benefits
All employee benefits payable within twelve months of rendering the service are classified as short term employee benefits. Benefits such as salaries, wages etc. and the expected cost of bonus, exgratia, incentives are recognized in the period during which the employee renders the related
FILTRA CONSULTANTS AND ENGINEERS LIMITED
assets for their intended use are complete. A qualifying asset is one that necessarily takes substantial period of time to get ready for its intended use. Capitalisation of borrowing costs is suspended and charged to the
g extended periods when active development activity on the
by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the profit /
fter tax (including the post tax effect of extraordinary items, if any) as adjusted for dividend, interest and other charges to expense or income relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for deriving basic earnings per share and the weighted average number of equity shares which could have been issued on the conversion of all dilutive potential equity shares. Potential equity shares are deemed to be dilutive
ty shares would decrease the net profit per share from continuing ordinary operations. Potential dilutive equity shares are deemed to be converted as at the
'Current tax is the amount of tax payable on the taxable income for the year as determined in
tax laws, which gives future economic benefits in the form of adjustment to future income tax liability, is considered as an asset if there is convincing evidence that the Company will pay normal income tax. Accordingly, MAT
he Balance Sheet when it is probable that future economic benefit
Deferred tax is recognised on timing differences, being the differences between the taxable income and the accounting income that originate in one period and are capable of reversal in one or more
rates and the tax laws enacted or substantially enacted as at the reporting date. Deferred tax liabilities are recognised for all timing differences. Deferred tax assets in respect of unabsorbed depreciation and carry forward of losses
ly if there is virtual certainty that there will be sufficient future taxable income available to realise such assets. Deferred tax assets are recognised for timing differences of other
ent future taxable income will be available against which these can be realised. Deferred tax assets and liabilities are offset if such items relate to taxes on income levied by the same governing tax laws and the Company has
or such set off. Deferred tax assets are reviewed at each Balance Sheet
Current and deferred tax relating to items directly recognised in equity are recognised in equity
A provision is recognised when the Company has a present obligation as a result of past events and it is probable that an outflow of resources will be required to settle the obligation in respect of
timate can be made. Provisions (excluding retirement benefits) are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the Balance Sheet date. These are reviewed at each Balance Sheet date and adjusted to reflect the current best estimates. Contingent liabilities are disclosed in the Notes.
All employee benefits payable within twelve months of rendering the service are classified as short term employee benefits. Benefits such as salaries, wages etc. and the expected cost of bonus,
the employee renders the related
86
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
service. (ii) Post-Employment Benefits (a) Defined Contribution Plans State Government Provident Fund Scheme is a defined contribution plan. The contribution
paid/payable under the scheme is recognized in the during which the employee renders the related service.
(b) Defined Benifit Plans
The employee Gratuity Fund Scheme managed by a trust is a defined benefit plan. The present value of obligation under such defined benefit plan is determined based on acturial valuation under the projected unit credit method which recognizes each period ofadditional unit of employees benefits entitlement and measures each unit separately to build up the final obligation. The obligation is measured at the present value of future cash flows. The discount rates used for determining tplans is based on the market yields on government securities as at balance plans the fair value of the planned assets is reduced from the gross obligation under the defined benefit plans to recognize the obligation on net basis.
(c) The obligation for leave encashment is provided for and paid on yearly basis. (d) Remeasurement, comprising acturial
ceiling (if applicable) and the return on plan assets (excluding interest), is reflected in the balance sheet with a charge or credit recognised in other comprehensive income in the period in which they occur. Remeasurement recognised in other comprehensive income is reflected immediately in retained earnings and will not be reclassified to the statement of profit and loss.
2.15 Foreign currency transactions
Foreign currency transactions are recorded on the basis of exchange rates prevailing on the date of the transactions.Monetary assets and liabilities denominated in foreign currencies as at the balance sheet date are traslated at the closing exchange rates differences arising on foreign exchange transactions during the year and on restatement of monetary assets and liability are recognized in the profit and loss account of the year.
2.16 Impairment of Assets An asset is treated as impaired when the carrying cost of asset exceeds its recoverable
value.An impairment loss is charged to the profit & Loss Account in the year in which an asset is identified as impaired. The impairment loss recognised in prior accounreversed if there has been a change in the estimate of recoverable account in subsequent period.
2.17 Identification of segments The operations of the company predominantly comprises
of Water Treatment system.This activity constitutes the primary segment and is the only reportable segment.
As per our report attached.
For Krunal M Shah & Co. For and on behalf of the Board of Directors Chartered Accountants Firm Registration No:- 131794W Sd/- Sd/CA Krunal Shah Ketan Khant Anjali Khant Ashfak MullaPartner Managing Director WhMembership No:- 115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172) Sd/- Parag Bodha Vaishali Pai (Company Secretary) (Chief Financial Officer) Place : Mumbai Place : MumbaiDate : 22.05.2019 Date
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
Employment Benefits (a) Defined Contribution Plans State Government Provident Fund Scheme is a defined contribution plan. The contribution paid/payable under the scheme is recognized in the profit & loss account during the period during which the employee renders the related service.
(b) Defined Benifit Plans
The employee Gratuity Fund Scheme managed by a trust is a defined benefit plan. The present value of obligation under such defined benefit plan is determined based on acturial valuation under the projected unit credit method which recognizes each period ofadditional unit of employees benefits entitlement and measures each unit separately to build up the final obligation. The obligation is measured at the present value of future cash flows. The discount rates used for determining the present value of the obligation under defined benefit plans is based on the market yields on government securities as at balance plans the fair value of the planned assets is reduced from the gross obligation under the defined benefit plans to
the obligation on net basis. (c) The obligation for leave encashment is provided for and paid on yearly basis.(d) Remeasurement, comprising acturial gains and losses, the effect of the changes to the asset ceiling (if applicable) and the return on plan assets (excluding interest), is reflected in the balance sheet with a charge or credit recognised in other comprehensive income in the period in which they occur. Remeasurement recognised in other comprehensive income is reflected immediately in retained earnings and will not be reclassified to the statement of profit and loss.
Foreign currency transactions
Foreign currency transactions are recorded on the basis of exchange rates prevailing on the date of the transactions.Monetary assets and liabilities denominated in foreign currencies as at the balance sheet date are traslated at the closing exchange rates differences arising on foreign exchange transactions during the year and on restatement of monetary assets and liability are recognized in the profit and loss account of the year.
Impairment of Assets
An asset is treated as impaired when the carrying cost of asset exceeds its recoverable value.An impairment loss is charged to the profit & Loss Account in the year in which an asset is identified as impaired. The impairment loss recognised in prior accounreversed if there has been a change in the estimate of recoverable account in subsequent
Identification of segments The operations of the company predominantly comprises of Trading and Manufacturing Activity of Water Treatment system.This activity constitutes the primary segment and is the only
Co. For and on behalf of the Board of Directors
Sd/- Sd/- Sd/- CA Krunal Shah Ketan Khant Anjali Khant Ashfak MullaPartner Managing Director Whole Time Director Whole Time Director
115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172)- Sd/-
Parag Bodha Vaishali Pai (Company Secretary) (Chief Financial Officer)
Place : Mumbai Place : Mumbai Date : 22.05.2019 Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED
State Government Provident Fund Scheme is a defined contribution plan. The contribution profit & loss account during the period
The employee Gratuity Fund Scheme managed by a trust is a defined benefit plan. The present value of obligation under such defined benefit plan is determined based on acturial valuation under the projected unit credit method which recognizes each period of service as giving rise to additional unit of employees benefits entitlement and measures each unit separately to build up the final obligation. The obligation is measured at the present value of future cash flows. The
he present value of the obligation under defined benefit plans is based on the market yields on government securities as at balance plans the fair value of the planned assets is reduced from the gross obligation under the defined benefit plans to
(c) The obligation for leave encashment is provided for and paid on yearly basis. gains and losses, the effect of the changes to the asset
ceiling (if applicable) and the return on plan assets (excluding interest), is reflected in the balance sheet with a charge or credit recognised in other comprehensive income in the period in which they occur. Remeasurement recognised in other comprehensive income is reflected immediately in retained earnings and will not be reclassified to the statement of profit and loss.
Foreign currency transactions are recorded on the basis of exchange rates prevailing on the date of the transactions.Monetary assets and liabilities denominated in foreign currencies as at the balance sheet date are traslated at the closing exchange rates on that date.Exchange differences arising on foreign exchange transactions during the year and on restatement of monetary assets and liability are recognized in the profit and loss account of the year.
An asset is treated as impaired when the carrying cost of asset exceeds its recoverable value.An impairment loss is charged to the profit & Loss Account in the year in which an asset is identified as impaired. The impairment loss recognised in prior accounting periods is reversed if there has been a change in the estimate of recoverable account in subsequent
of Trading and Manufacturing Activity of Water Treatment system.This activity constitutes the primary segment and is the only
CA Krunal Shah Ketan Khant Anjali Khant Ashfak Mulla ole Time Director Whole Time Director
115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172)
87
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN:L41000MH2011PLC217837)Consolidated Notes forming part of the financial statementsNote 3.1 Share capital
Particulars
(a) Authorised Equity shares of Rs. 10/- each
(b) Issued Equity shares of Rs.10/- each
(c) Subscribed and fully paid up Equity shares of Rs.10/- each
Total
Note :- The Company has only one class of shares referred to as equity shares having par value shareholder is eligible for one vote per share. All share issued without any preferences and restrictions attaching the same
Note 3.2 Reconciliation of the number of shares and amount outstanding at the beginning and at the end of period:
Particulars
Equity shares with voting rights Year ended 31 March, 2019 - Number of shares - Amount
Note 3.3 Details of shares held by each shareholder holding more
Class of shares / Name of shareholder
Equity shares:-
Mr. Ketan Khant
Mrs. Anjali Khant
In terms of our report attached.
For Krunal M Shah & Co. For and on behalf of the Board of Directors Chartered Accountants Firm Registration No:- 131794W Sd/- Sd/CA Krunal Shah Ketan Khant Anjali Khant Partner Managing Director Whole Time Director Whole Time DirecMembership No:- 115075 (DIN: 03506163) (DIN:03506175) (DIN:0350 Sd/ Parag Bodha Vaishali Pai (Company Secretary) (Chief Financial Officer) Place : Mumbai Place : MumbaiDate : 22.05.2019 Date
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN:L41000MH2011PLC217837) Consolidated Notes forming part of the financial statements
As at 31 March, 201
Number of shares
10,000,000.00
10,000,000.00
8,223,000.00
8,223,000.00
8,223,000.00
8,223,000.00
The Company has only one class of shares referred to as equity shares having par value shareholder is eligible for one vote per share. All share issued without any preferences and restrictions attaching the same
Note 3.2 Reconciliation of the number of shares and amount outstanding at the beginning and at the end of
Opening Balance
Fresh issue Buy Back
6,852,500.00 1,370,500.00
68,525,000.00 13,705,000.00
Note 3.3 Details of shares held by each shareholder holding more than 5% shares:
Class of shares / Name of shareholder Number of shares held
4,500,000.00
1,499,898.00
For Krunal M Shah & Co. For and on behalf of the Board of Directors
Sd/- Sd/- Sd/- CA Krunal Shah Ketan Khant Anjali Khant Ashfak MullaPartner Managing Director Whole Time Director Whole Time Direc
115075 (DIN: 03506163) (DIN:03506175) (DIN:0350
Sd/- Sd/- Parag Bodha Vaishali Pai (Company Secretary) (Chief Financial Officer)
Place : Mumbai Place : Mumbai Date : 22.05.2019 Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED
As at 31 March, 2019
Number of shares Amount(Rs.)
000,000.00 100,000,000.00
000,000.00 100,000,000.00
8,223,000.00 82,230,000.00
8,223,000.00 82,230,000.00
8,223,000.00 82,230,000.00
223,000.00 82,230,000.00
The Company has only one class of shares referred to as equity shares having par value Rs. 10/- per share. Each shareholder is eligible for one vote per share. All share issued without any preferences and restrictions attaching the same
Note 3.2 Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the reporting
Buy Back Closing Balance
- 8,223,000.00
- 82,230,000.00
As at 31 March, 2019
Number of shares held
% holding in that class of
shares
500,000.00 54.72
499,898.00 18.24
Ashfak Mulla Partner Managing Director Whole Time Director Whole Time Director
115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172)
88
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN:L41000MH2011PLC217837)Notes forming part of the financial statementsNote:- 4 Reserves and SurplusParticulars
(a) Surplus/(deficit) in Statement of Profit and Loss Opening balance Add: Profit for the year
Less: Carrying Amount of Fixed Assets Useful Life Expire and W/offLess : Provision for Dividend and Tax thereonLess:- Issue of Bonus Shares
Total
Note:- 5 Other Long Term BorrowingsParticulars
(a) Unsecured Loan
(i) Chandan Mantri (ii) Ketan Khant
Total
Note:- 6 Other Long Term LiabilitiesParticulars
(a) Provisions for Employee Benefits(i) Provision for Gratuity
Total
Note:- 7 Trade Payables Particulars
Creditors for Goods and Services (i) total outstanding dues of Micro, Small and Medium enterprises(ii) total outstanding dues of creditors other than Micro, small and Medium enterprises.
Total
(i) The year end balance of sundry creditors are subject to confirmation and reconciliation.
Note:- 8 Other Current LiabilitiesParticulars
(a) Other payables Statutory remittances Advance Received From CustomersOther Expenses Deposit Received From Customers
Total
Note:- 9 Short Term ProvisionsParticulars
Provision For Income Tax Provision for Audit Fees Provision for Dividend and Tax Thereon
Total
Note:- 11 Deferred Tax AssetsParticulars
Deferred tax (liability) / asset Tax effect of items constituting deferred tax AssetsOpening Balance Related to Fixed Assets and Others
Tax effect of items constituting deferred tax Assets Tax effect of items constituting deferred tax liability
Net deferred tax (liability) / asset
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN:L41000MH2011PLC217837)
Notes forming part of the financial statements
4 Reserves and Surplus As at 31 March, 2019
(a) Surplus/(deficit) in Statement of Profit and Loss
Less: Carrying Amount of Fixed Assets Useful Life Expire and W/off Less : Provision for Dividend and Tax thereon
5 Other Long Term Borrowings As at 31 March,
6 Other Long Term Liabilities As at 31 March, 2019
(a) Provisions for Employee Benefits
As at 31 March, 2019
(i) total outstanding dues of Micro, Small and Medium enterprises outstanding dues of creditors other than Micro, small and Medium
(i) The year end balance of sundry creditors are subject to confirmation and reconciliation.
8 Other Current Liabilities As at 31 March, 2019
Advance Received From Customers
Deposit Received From Customers
9 Short Term Provisions As at 31 March, 2019
Provision for Dividend and Tax Thereon
Assets As at 31 March, 2019
Tax effect of items constituting deferred tax Assets
Related to Fixed Assets and Others
deferred tax Assets
Tax effect of items constituting deferred tax liability
FILTRA CONSULTANTS AND ENGINEERS LIMITED
FILTRA CONSULTANTS AND ENGINEERS LIMITED
As at 31 March, 2019
4,51,41,187.64 18,615,283.35
63,756,470.99 49,198.39
2,47,83,136.00 13,705,000.00
3,85,37,334.39
25,219,136.60
As at 31 March, 2019
300,000.00 300,000.00
600,000.00
As at 31 March, 2019
3,300,193.00
3,300,193.00
As at 31 March, 2019
32,565,740.20
57,413,024.25
89,978,764.45
(i) The year end balance of sundry creditors are subject to confirmation and reconciliation.
As at 31 March, 2019
960,479.09 1,055,250.00 3,123,843.75
91,475.60
5,231,048.44
As at 31 March, 2019
8,450,000.00 562,500.00
12,391,568.00
21,404,068.00
As at 31 March, 2019
1,514,322.95 436,374.18
1,950,697.13
1,950,697.13
89
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Note:- 12 Long - Term Loans and AdvancesParticulars
(a) Security Deposit : Unsecured,Consider Good
Total
Note:- 13 Current InvestmentParticulars
Birla Sun Life Cash Plus Growth Less: Provision for diminution in value of investments
Aggregate amount of quoted investments
Aggregate market value of listed and quoted investments
Note:- 14 Inventories (As certified by the Management)Particulars
Traded and Finished Goods
Total
Note:- 15 Trade Receivable Particulars
(a) Trade Receivable outstanding for a period exceeding six months from the date they were due for payment (b) Others Trade Receivable :
Unsecured, Considered Good
Total
(i) The year end balance of sundry Debtors are subject to confirmation and reconciliation.
Note:- 16 Cash and Cash EquivalentsParticulars
(a) Cash in hand (b) Balances with Banks
Total
Note:- 17 Short Term Loans and AdvancesParticulars
(a) Loan & Advances To Employees(b) Balance With Government Authorities(c) Advance to Suppliers and others
Total
In terms of our report attached.
For Krunal M Shah & Co. For and on behalf of the Board of Directors Chartered Accountants Firm Registration No:- 131794W Sd/- CA Krunal Shah Ketan Khant Anjali Khant Ashfak MullaPartner Managing Director WhMembership No:- 115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172) Place : Mumbai Place : MumbaiDate : 22.05.2019 Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
Term Loans and Advances As at 31 March, 2019
13 Current Investment As at 31 March, 2019
Less: Provision for diminution in value of investments
Aggregate amount of quoted investments
Aggregate market value of listed and quoted investments
14 Inventories (As certified by the Management) As at 31 March, 2019
As at 31 March, 2019
(a) Trade Receivable outstanding for a period exceeding six months from the
(i) The year end balance of sundry Debtors are subject to confirmation and reconciliation.
16 Cash and Cash Equivalents
As at 31 March, 2019
17 Short Term Loans and Advances
As at 31 March, 2019
(a) Loan & Advances To Employees Balance With Government Authorities
(c) Advance to Suppliers and others
Co. For and on behalf of the Board of Directors
Sd/- Sd/- Sd/
CA Krunal Shah Ketan Khant Anjali Khant Ashfak MullaPartner Managing Director Whole Time Director Whole Time Director
115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172) Sd/- Sd/- Parag Bodha Vaishali Pai (Company Secretary) (Chief Financial Officer)
Place : Mumbai Place : Mumbai Date : 22.05.2019 Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED
As at 31 March, 2019
2,705,122.00
2,705,122.00
As at 31 March, 2019
9,731,167.30 -
9,731,167.30
9,731,167.30
9,690,978.22
As at 31 March, 2019
79,440,042.97
79,440,042.97
As at 31 March, 2019
6,136,181.60
63,358,089.10
69,494,270.70
(i) The year end balance of sundry Debtors are subject to confirmation and reconciliation.
at 31 March, 2019
512,552.20 17,041,834.91
17,554,387.11
As at 31 March, 2019
1,072,042.33 6,440,046.93 5,402,977.85
12,915,067.11
Sd/- CA Krunal Shah Ketan Khant Anjali Khant Ashfak Mulla
ole Time Director Whole Time Director 115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172)
ary) (Chief Financial Officer)
90
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN:L41000MH2011PLC217837)Consolidated Notes forming part of the financial statementsNote:- 18 Revenue from operationsParticulars
(a) Sale of Goods (b) Sale of Services Less: -GST/VAT/Service Tax
Total
Particulars
(a) Sale of Goods Trading Goods Filter Items Manufacturing Goods Filter Items
Total- Net Sale of Traded Goods
Note:- 19 Other Income Particulars
Operational Income Discount Received Round Off Miscelleneous Receipt Gain/Loss in Exchange
Non Operational Income
Interest Received Profit on Sale of Investments
Total
Note:- 20 Purchase of Traded GoodsParticulars
Traded and Finished Goods
Total
Note:- 21 Changes in Inventories of Finished goods, Work in Progress and Stock in TradeParticulars
Inventories at the end of the year Finished Goods
Less:- Inventories at the beginning of the yearFinished Goods Less : Input Credit avail in GST
Net (Increase)/ Decrease
Note:- 22 Employee Benefits expenseParticulars
Salaries and wages Contribution to PF and Gratuity Staff welfare expenses
Total
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN:L41000MH2011PLC217837)
Consolidated Notes forming part of the financial statements
18 Revenue from operations For the year ended 31 March, 2019
For the year ended 31 March, 2019
Net Sale of Traded Goods
For the year ended 31 March, 2019
20 Purchase of Traded Goods For the year ended 31 March, 2019
21 Changes in Inventories of Finished goods, Work in Progress and Stock in TradeFor the year ended 31 March, 2019
Inventories at the beginning of the year
22 Employee Benefits expense For the year ended 31 March, 2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED
For the year ended 31 March, 2019
624,376,201.01 2,097,585.68
90,271,053.27
536,202,733.42
For the year ended 31 March, 2019
528,576,947.35
6,137,312.00
534,714,259.35
For the year ended 31 March, 2019
3,369,773.59 412.61
25,489.00 -
3,395,675.20
84,726.00 1,334,403.38
1,419,129.38
4,814,804.58
For the year ended 31 March, 2019
477,929,374.43
477,929,374.43
21 Changes in Inventories of Finished goods, Work in Progress and Stock in Trade For the year ended 31 March, 2019
79,440,042.97
79,440,042.97
53,617,012.00
53,617,012.00
-25,823,030.97
For the year ended 31 March, 2019
32,987,957.00 1,524,395.50
605,277.72
35,117,630.22
91
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Note:- 23 Financial Costs Particulars
Bank Charges and Interest Expenses
Total
Note:- 24 Other expenses Particulars
Gain/Loss in Exchange Repairs & Maintenance Conveyance Expenses Electricity Charges Legal & Professional Charges Postage, Courier & Transportation ChargesPrinting & Stationery Office Expenses Rent, Rates & Taxes Telephone Expenses Travelling Expenses (Including Foreign Travelling)Insurance Books & Periodicals Audit Fees Miscellaneous Expenses E commerce Advertisement Expenses Sales Promotion Expenses Commission Discount Allowed Loss on sale of Fixed Asset Donation Membership and Subscription Listing Fees
Total
Notes: 24(i) Particulars
(i) Payments to the auditors comprises (net of service tax/GST input credit, where applicable): As auditors - statutory audit For taxation matters
Total In terms of our report attached.
For Krunal M Shah & Co. For and on behalf of the Board of Directors Chartered Accountants Firm Registration No:- 131794W Sd/- CA Krunal Shah Ketan Khant Anjali Khant Ashfak MullaPartner Membership No:- 115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172) Place : Mumbai Place : MumbaiDate : 22.05.2019 Date : 22.05.2
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
For the year ended 31 March,
Bank Charges and Interest Expenses
For the year ended 31 March, 2019
Postage, Courier & Transportation Charges
Travelling Expenses (Including Foreign Travelling)
For the year ended 31 March, 2019
(i) Payments to the auditors comprises (net of service tax/GST
For Krunal M Shah & Co. For and on behalf of the Board of Directors
Sd/- Sd/- Sd/-CA Krunal Shah Ketan Khant Anjali Khant Ashfak Mulla
Managing Director Whole Time Director Whole Time Director115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172)
Sd/- Sd/- Parag Bodha Vaishali Pai
(Company Secretary) (Chief Financial Officer)
Place : Mumbai Place : Mumbai Date : 22.05.2019 Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED
For the year ended 31 March, 2019
187,507.22
187,507.22
For the year ended 31 March, 2019
20727.50 1,763,131.29 1,082,124.62
351,839.00 5,275,902.00 5,214,480.22
233,570.24 688,268.99
4,432,019.00 457,324.46
1,611,774.50 64,510.00 61,810.00
635,000.00 468,291.88
80,763.92 126,904.00 197,552.12
2,122,240.00 214,185.83
3,074.22 3,006.00
20,725.00 25,000.00
25,154,224.79
For the year ended 31 March, 2019
435,000.00 200,000.00
635,000.00
- CA Krunal Shah Ketan Khant Anjali Khant Ashfak Mulla
Managing Director Whole Time Director Whole Time Director 115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172)
(Company Secretary) (Chief Financial Officer)
92
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
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FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
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67.39
93
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN:L41000MH2011PLC217837)Notes forming part of the financial statementsNote:- 25 Earning per share
Note Particulars
25 Earnings per share
Basic 25.a Continuing operations
Net profit/(Loss) for the year from continuing operations Less: Preference dividend and tax thereon
Net profit /(Loss) for the year from continuing operations Weighted average number of equity shares Par value per share Earnings per share from continuing operations
25.b Total operations Net profit/(Loss) for the year Less: Preference dividend and tax thereon
Net profit/(Loss) for the year attributable to the equity shareholders Weighted average number of equity shares Par value per share Earnings per share - Basic
25.c Basic Earnings per share (excluding extraordinary items) Continuing operations Net profit / (loss) for the year from continuing operations (Add) / Less: Extraordinary items (net of tax) relating to continuing operations Less: Preference dividend and tax thereon
Net profit / (loss) for the year from continuing operations attributable to the equity shareholders, excluding extraordinary items
Weighted average number of equity shares Par value per share Earnings per share from continuing operations, excluding extraordinary items
25.d Total operations
Net profit / (loss) for the year (Add) / Less: Extraordinary items (net of tax) Less: Preference dividend and tax thereon
Net profit / (loss) for the year attributable to the equity shareholders, excluding items
Weighted average number of equity shares Par value per share Earnings per share, excluding extraordinary items
25.e Diluted Earnings per share
Details are not provided since The Company does not have outstanding Warrants, Stock Options and Convertible bonds oustanding at the end of the year.
In terms of our report attached.
For Krunal M Shah & Co. For and on behalf of the Board of Directors Chartered Accountants Firm Registration No:- 131794W Sd/- Sd/CA Krunal Shah Ketan Khant Anjali Khant Ashfak MullaPartner Managing Director WhMembership No:- 115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172) Sd/ Parag Bodha Vaishali Pai (Company Secretary) (Chief Place : Mumbai Place : MumbaiDate : 22.05.2019 Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN:L41000MH2011PLC217837) Notes forming part of the financial statements
Net profit/(Loss) for the year from continuing operations Less: Preference dividend and tax thereon
Net profit /(Loss) for the year from continuing operations attributable to the equity shareholdersWeighted average number of equity shares
Earnings per share from continuing operations - Basic
Less: Preference dividend and tax thereon
Net profit/(Loss) for the year attributable to the equity shareholders Weighted average number of equity shares
Basic Earnings per share (excluding extraordinary items)
Net profit / (loss) for the year from continuing operations items (net of tax) relating to continuing operations
Less: Preference dividend and tax thereon
Net profit / (loss) for the year from continuing operations attributable to the equity shareholders,
Weighted average number of equity shares
Earnings per share from continuing operations, excluding extraordinary items - Basic
(Add) / Less: Extraordinary items (net of tax) Less: Preference dividend and tax thereon
Net profit / (loss) for the year attributable to the equity shareholders, excluding extraordinary
Weighted average number of equity shares
Earnings per share, excluding extraordinary items - Basic
Details are not provided since The Company does not have outstanding Warrants, Stock Options and Convertible bonds oustanding at the end of the year.
Co. For and on behalf of the Board of Directors
Sd/- Sd/- Sd/- CA Krunal Shah Ketan Khant Anjali Khant Ashfak MullaPartner Managing Director Whole Time Director Whole Time Director
115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172)Sd/- Sd/-
Parag Bodha Vaishali Pai (Company Secretary) (Chief Financial Officer)
Place : Mumbai Place : Mumbai Date : 22.05.2019 Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED
For the year ended
31 March, 2019
18,615,283.35 0
attributable to the equity shareholders 18,615,283.35 7,537,750.00
10 2.47
18,615,283.35
18,615,283.35 7,537,750.00
10.00 2.47
18,615,283.35 0.00 0.00
Net profit / (loss) for the year from continuing operations attributable to the equity shareholders, 18,615,283.35
7,537,750.00 10
2.47
18,615,283.35 0.000 0.000
extraordinary 18,615,283.35
7,537,750.00 10
2.47
Details are not provided since The Company does not have outstanding Warrants, Stock Options 2.47
CA Krunal Shah Ketan Khant Anjali Khant Ashfak Mulla ole Time Director Whole Time Director
115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172)
94
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN:L41000MH2011PLC217837)Consolidated Notes forming part of the financial statements
Note:- 26 Related Party Disclosures Note Particulars
26 Related party transactions
26.1.a Details of related parties:
Description of relationship
Key Management Personnel (KMP)
Key Management Personnel (KMP)
Key Management Personnel (KMP)
Key Management Personnel (KMP)
Key Management Personnel (KMP)
Key Management Personnel (KMP)
Key Management Personnel (KMP)
Subsidiary Company
Subsidiary Company
Relatives of KMP
Note: Related parties have been identified by the Management.
Details of related party transactions during the year ended 31 March, 2019 and balances outstanding as at 31 March, 2019:
26.1.b Transaction during the year
Salary
Rent
Balances outstanding at the end of the year
Salary
Rent
Note: Figures in bracket relates to the previous year In terms of our report attached.
For Krunal M Shah & Co. For and on behalf of the Board of Directors Chartered Accountants Firm Registration No:- 131794W Sd/- Sd/CA Krunal Shah Ketan Khant Anjali Khant Ashfak MullaPartner Managing Director WhMembership No:- 115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172) Sd/ Parag Bodha Vaishali Pai (Company Secretary) (ChiefPlace : Mumbai Place : MumbaiDate : 22.05.2019 Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN:L41000MH2011PLC217837)
forming part of the financial statements
26 Related Party Disclosures
Names of related parties
Management Personnel (KMP) Ketan Khant
Key Management Personnel (KMP) Anjali Khant
Key Management Personnel (KMP) Ashfak Mulla
Key Management Personnel (KMP) Vaishali Pai
Key Management Personnel (KMP) Parag Bodha
(KMP) Chandan Mantri
Key Management Personnel (KMP) Sanjiv Nanda
Innovative Technocare Private Limited
Of Water Private Limited
Rehana Mulla
Note: Related parties have been identified by the Management.
Details of related party transactions during the year ended 31 March, 2019 and balances outstanding
KMP Subsidiary
Co Relative
KMP
12,557,883.00 0.00 670,792.00 (0.00 ) (0.00 )
1,248,000.00 0.00 45,000.00
(0.00 ) (0.00 )
Balances outstanding at the end of KMP
Subsidiary Co
Relative of KMP
1,085,562.00 0.00 53,618.00
(0.00 ) (0.00 )
104,000.00 0.00 45,000.00
(0.00 ) (0.00 )
Note: Figures in bracket relates to the previous year
Co. For and on behalf of the Board of Directors
Sd/- Sd/- Sd/- CA Krunal Shah Ketan Khant Anjali Khant Ashfak MullaPartner Managing Director Whole Time Director Whole Time Director
115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172)
Sd/- Sd/- Parag Bodha Vaishali Pai (Company Secretary) (Chief Financial Officer)
Place : Mumbai Place : Mumbai Date : 22.05.2019 Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED
Innovative Technocare Private Limited
Details of related party transactions during the year ended 31 March, 2019 and balances outstanding
Relative of KMP
Total
670,792.00 13,228,675.00 (0.00 ) (0.00 )
45,000.00 1,293,000.00
(0.00 ) (0.00 )
Relative of KMP
Total
53,618.00 1,139,180.00
(0.00 ) (0.00 )
45,000.00 149,000.00
(0.00 ) (0.00 )
CA Krunal Shah Ketan Khant Anjali Khant Ashfak Mulla ole Time Director Whole Time Director
115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172)
95
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN:L41000MH2011PLC217837)Consolidated Notes forming part of the financial statements
Note:- 27 27.1 Employee benefit plans
Defined benefit plans The Company offers the following employee benefit schemes to its employees: i. Gratuity The following table sets out the funded status of the defined benefit schemes and the amount
recognised in the financial statements:
Components of employer expense
Current service cost Interest cost Expected return on plan assets Curtailment cost / (credit) Settlement cost / (credit) Past service cost Actuarial losses/(gains) Total expense recognised in the
Actual contribution and benefit payments for year
Actual benefit payments Actual contributions
Net asset / (liability) recognised in the Balance Sheet
Present value of defined benefit Fair value of plan assets Funded status [Surplus / (Deficit)] Unrecognised past service costs Net asset / (liability) recognised in the Balance Sheet
Note
Change in defined benefit obligations (DBO) during the year
Present value of DBO at beginning of the year Current service cost Interest cost Curtailment cost / (credit) Settlement cost / (credit) Plan amendments Acquisitions Actuarial (gains) / losses Past service cost Benefits paid Present value of DBO at the end of the year
Change in fair value of assets during the year
Plan assets at beginning of the year Acquisition adjustment Expected return on plan assets Actual company contributions Actuarial gain / (loss) Benefits paid Plan assets at the end of the year
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN:L41000MH2011PLC217837)
forming part of the financial statements
The Company offers the following employee benefit schemes to its employees:
The following table sets out the funded status of the defined benefit schemes and the amount recognised in the financial statements:
Particulars
Components of employer expense
Expected return on plan assets Curtailment cost / (credit)
Total expense recognised in the Statement of Profit and Loss
Actual contribution and benefit payments for year
Net asset / (liability) recognised in the Balance Sheet
Present value of defined benefit obligation
Funded status [Surplus / (Deficit)] Unrecognised past service costs Net asset / (liability) recognised in the Balance Sheet
Particulars
Change in defined benefit obligations (DBO) during the year
Present value of DBO at beginning of the year
(credit)
Actuarial (gains) / losses
Present value of DBO at the end of the year
Change in fair value of assets during the year
Plan assets at beginning of the year
Expected return on plan assets Actual company contributions
Plan assets at the end of the year
FILTRA CONSULTANTS AND ENGINEERS LIMITED
The Company offers the following employee benefit schemes to its employees:
The following table sets out the funded status of the defined benefit schemes and the amount
For the year ended 31 March, 2019
Gratuity
9,78,858 3,21,820
-1,69,705 - - -
2,76,031 14,07,004
- -
56,59,921 23,28,441
-33,31,480 -
-33,31,480
For the year ended 31 March, 2019
Gratuity
40,45,840 9,78,858 3,21,820
- - - -
2,54,506 -
-74,746 55,26,278
22,27,661 -
169705 -
-21525 -47400
23,28,441
96
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Actual return on plan assets
Actuarial assumptions
Discount rate Expected return on plan assets Salary escalation
In terms of our report attached.
For Krunal M Shah & Co. For and on behalf of the Board of Directors Chartered Accountants Firm Registration No:- 131794W Sd/- Sd/CA Krunal Shah Ketan Khant Anjali Khant Ashfak MullaPartner Managing Director WhMembership No:- 115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172) Sd/ Parag Bodha Vaishali Pai (Company Secretary) (Chief Financial Officer)Place : Mumbai Place : MumbaiDate : 22.05.2019 Date
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
Actual return on plan assets
Expected return on plan assets
For Krunal M Shah & Co. For and on behalf of the Board of Directors
Sd/- Sd/- Sd/- CA Krunal Shah Ketan Khant Anjali Khant Ashfak MullaPartner Managing Director Whole Time Director Whole Time Director
115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172)
/- Sd/- Parag Bodha Vaishali Pai (Company Secretary) (Chief Financial Officer)
Place : Mumbai Place : Mumbai Date : 22.05.2019 Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED
7.70% 7.70% 7.00%
CA Krunal Shah Ketan Khant Anjali Khant Ashfak Mulla ole Time Director Whole Time Director
115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172)
97
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN:L41000MH2011PLC217837)
Note:- 28 Consolidated Notes forming part of the financial statements28.1 Contingent liabilities and commitments (to the extent not provided for)
Note Particulars
i Contingent liabilities (a) Claims against the Company not acknowledged as debt (b) Guarantees (c) Other money for which the Company is contingently liable
ii Commitments The Company has not provided any contractual commitment as on date which will have material
effect on the financial statement of the compny
28.2 Details of Transaction in foreign Currency on account of:
Note Particulars
(i) Export (ii) Foreign Travelling (iii) Import
28.3 Previous year's figures
Note Particulars
Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.
28.4 BALANCES OF TRADE DEBTORS, CREDITORS AND LOANS & ADVANCES
Note Sundry Debtors and Creditors, Loans and No provision has been made for the doubtful Debts, Loans and Advances as they are considered good for recovery.
28.5
Note
In terms of Section 22 of the Micro,smalloutstanding to these enterprises are required to be disclosed. However, these enterprises are required to be registered under the Act. The amounts due to such suppliers if any, have been identified to the extent such information is provided by the supplier.
28.6 In the opinion of the Board
a) The realization value of all assets other than fixed and non currentcourse of business, would not be less than the amount at which they are stated
b) Adequate Provisions have been made for all known liabilities and there is no other undisclosed liabilities and there is no other undisclosed
c) All the expenses paid/provided have been incurred for the purpose of the business of the company.
In terms of our report attached.
For Krunal M Shah & Co. For and on behalf of the Board of Directors Chartered Accountants Firm Registration No:- 131794W Sd/- Sd/CA Krunal Shah Ketan Khant Anjali Khant Ashfak MullaPartner Managing Director WhMembership No:- 115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172) Sd Parag Bodha Vaishali Pai (Company Secretary) (Chief Financial Officer)Place : Mumbai Place : MumbaiDate : 22.05.2019 Date
FILTRA CONSULTANTS AND ENGINEERS LIMITED(CIN: L41000MH2011PLC217837)
Eighth Annual Report 2018–19
FILTRA CONSULTANTS AND ENGINEERS LIMITED (CIN:L41000MH2011PLC217837)
Notes forming part of the financial statementsContingent liabilities and commitments (to the extent not provided for)
(a) Claims against the Company not acknowledged as debt
(c) Other money for which the Company is contingently liable
The Company has not provided any contractual commitment as on date which will have material effect on the financial statement of the compny
Details of Transaction in foreign Currency on account of:
Previous year's figures
Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.
BALANCES OF TRADE DEBTORS, CREDITORS AND LOANS & ADVANCES
Sundry Debtors and Creditors, Loans and advances are subject to confirmation and reconciliation No provision has been made for the doubtful Debts, Loans and Advances as they are considered
In terms of Section 22 of the Micro,small and Medium Enterprises Development Act 2006, the outstanding to these enterprises are required to be disclosed. However, these enterprises are required to be registered under the Act. The amounts due to such suppliers if any, have been
extent such information is provided by the supplier.
In the opinion of the Board
The realization value of all assets other than fixed and non current investments in the ordinary course of business, would not be less than the amount at which they are statedAdequate Provisions have been made for all known liabilities and there is no other undisclosed liabilities and there is no other undisclosed liabilities of contigent nature.All the expenses paid/provided have been incurred for the purpose of the business of the
Co. For and on behalf of the Board of Directors
Sd/- Sd/- Sd/- CA Krunal Shah Ketan Khant Anjali Khant Ashfak MullaPartner Managing Director Whole Time Director Whole Time Director
115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172)
Sd/- Sd/- Parag Bodha Vaishali Pai (Company Secretary) (Chief Financial Officer)
Place : Mumbai Place : Mumbai Date : 22.05.2019 Date : 22.05.2019
FILTRA CONSULTANTS AND ENGINEERS LIMITED
Notes forming part of the financial statements Contingent liabilities and commitments (to the extent not provided for)
For the year ended 31 March, 2019
NIL NIL NIL
The Company has not provided any contractual commitment as on date which will have material
For the year ended 31 March, 2019
16,48,593.00 5,15,862.81
1,08,36,352.00
1,30,00,807.81
Previous year's figures have been regrouped / reclassified wherever necessary to correspond with
BALANCES OF TRADE DEBTORS, CREDITORS AND LOANS & ADVANCES
advances are subject to confirmation and reconciliation No provision has been made for the doubtful Debts, Loans and Advances as they are considered
and Medium Enterprises Development Act 2006, the outstanding to these enterprises are required to be disclosed. However, these enterprises are required to be registered under the Act. The amounts due to such suppliers if any, have been
investments in the ordinary course of business, would not be less than the amount at which they are stated Adequate Provisions have been made for all known liabilities and there is no other undisclosed
liabilities of contigent nature. All the expenses paid/provided have been incurred for the purpose of the business of the
CA Krunal Shah Ketan Khant Anjali Khant Ashfak Mulla ole Time Director Whole Time Director
115075 (DIN: 03506163) (DIN:03506175) (DIN:03506172)
98
Form No. MGT‐11 Proxy form
[Pursuant to Section 105(6) of the Companies Act, 2013 and Rule 19(3) of the Companies (Management and Administration) Rules, 2014]
FILTRA CONSULTANTS AND ENGINEERS LIMITED
CIN: L41000MH2011PLC217837 Registered office: 1501, Synergy Business Park, Sahakar Wadi, Off Aarey Road, Near Synthofine
Industrial Estate, Goregaon (E), Mumbai ‐ 400063
8th Annual General Meeting – Thursday, August 22, 2019 Name of the Member(s): Registered Address: Email: Folio no. / Client ID: DP ID: I/We, being the Member (s) of …………. shares of the above named Company, hereby appoint 1. Name: …………………........................................... Email Id: ……………………………………………………………………
Address: ……………………………………………………………………………………………………………………………………………
………………………………………………………………………………………………………………………………………………………….
Signature: …………………………………., or failing him/her
2. Name: …………………........................................... Email Id: ……………………………………………………………………
Address: ……………………………………………………………………………………………………………………………………………
………………………………………………………………………………………………………………………………………………………….
Signature: …………………………………., or failing him/her
3. Name: …………………........................................... Email Id: ……………………………………………………………………
Address: ……………………………………………………………………………………………………………………………………………
………………………………………………………………………………………………………………………………………………………….
Signature: ………………………………….
as my/our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the 8th Annual General Meeting of the Company to be held on Thursday, August 22, 2019 at 11.30 a.m. at the Registered Office of the Company situated at 1501, Synergy Business Park, Sahakar Wadi, Off Aarey Road, Near Synthofine Industrial Estate, Goregaon (E), Mumbai ‐ 400 063 and at any adjournment thereof in respect of such resolutions as are indicated below:
Signed this __ day of________ 2019 _____________ Signature of shareholder _________________________ ________________________ _________________________ Signature of Proxy holder(s) Signature of Proxy holder(s) Signature of Proxy holder(s) Note: 1. This form of proxy in order to be effective should be duly completed and deposited at the Registered Office
of the Company, not less than 48 hours before the commencement of the Meeting. 2. A Proxy need not be a Member of the Company. 3. *It is optional to put (√) in the appropriate column against the Resolu ons indicated in the Box. If you leave
the ‘For’ or ‘Against’ column blank against any or all Resolutions, your proxy will be entitled to vote in the manner as he/she thinks appropriate.
4. For the Resolutions, Explanatory Statements and Notes, please refer to the Notice of 8th Annual General Meeting.
5. The Company reserves its right to ask for identification of the Proxy. 6. The proxy form should be signed across the Revenue Stamp as per specimen signature(s) registered with the
Company /depository participant.
Res. No. Resolution *For *AgainstOrdinary Business
1. a) To receive, consider and adopt the Standalone Audited Financial Statement of the Company for the Financial Year ended March 31, 2019 including the Audited Balance Sheet as at March 31, 2019 and Statement of Profit & Loss and Cash Flow Statement of the Company for the financial year ended on that date and notes related thereto along with the Board’s Report and Auditor’s Report thereon.
b) To receive, consider and adopt the Consolidated Audited Financial Statement of the Company for the Financial Year ended March 31, 2019 including the Audited Balance Sheet as at March 31, 2019 and Statement of Profit & Loss and Cash Flow Statement of the Company for the financial year ended on that date and notes related thereto along with the Board’s Report and Auditor’s Report thereon.
2. To confirm the 1st Interim Dividend on Equity Shares declared for the financial year 2018‐19.
3. To declare final Dividend on Equity Shares for the financial 2018‐19. 4. To appoint a Director in place of Mrs. Anjali Khant (DIN: 03506175), who
retires by rotation and being eligible, offered herself for re‐appointment.
5. To reappoint the Statutory Auditors of the Company and to fix their remuneration.
Special Business6. To consider re‐appointment of Mr. Abhay Nalawade (DIN: 00342055) as an
Independent Director for a second term of five consecutive years, in terms of Section 149 of the Companies Act, 2013.
7. To consider re‐appointment of Mr. Haresh Malusare (DIN: 02246773) as an Independent Director for a second term of five consecutive years, in terms of Section 149 of the Companies Act, 2013.
8. To consider re‐appointment of Mr. Yogesh Tavkar (DIN: 07011793) as an Independent Director for a second term of five consecutive years, in terms of Section 149 of the Companies Act, 2013.
Affix revenue stamp
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Notes ______________________________________________________________________________ ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
If undelivered please return to FILTRA CONSULTANTS AND ENGINEERS LIMITED
1501, Synergy Business Park, Sahakar Wadi, Off Aarey Road, Near Synthofine Industrial Estate, Goregaon (E), Mumbai – 400 063