POWERFUL TEGHNOLOGIES LIMITEDCIN : U26900DL2O15PLC27 7 265

Regd. Office: G-1, Prakash Chamber, Ground Floor 6, Netaji Subhash Marg, Darya Ganj, New Delhi-1 ,l00002

Corp. Office : 181, A Block, Sector 63, Gautam Budh Nagar, Noida, U.P. .201307 Tel: +91-120-4330851www.powerfultech.in

NOTICE

Notice is h of the comPanY will

be held on mPanY sjtuated at G-

1, Ground 10002 to ftansact the

following businesses:

ORDINARY BUSINESS:

1. To receive, consider and adopt the audlted Financial Statements of the company for the year

ended 31,,ir,Iarch, 2018 iocludiog the aud1ted Balance Sheet as at 31't March, 2018, the Statement

ofprof,t & Loss for the year eoled on that date together with reports of the Board of Dhectors

and Auditot's Repofi thereon.

2. To appointmeot M/s RPMD & Associates as the Stanrtory Auditor of the Company and to fi-t

the r^emuneration payable to them for the fioancial year ending 31'' March'- 2019' as. may be

determrrred by the A,d,t Co',,.itt." *d Board of Directors is consultatjon with the auditors.

RESOLVED Tu,r'-T pursuant to Sectioo 139, 142 arld other applicable provisions of the

Companies Acg 2013 ,nd R I., made thereunder, as amended from time to time' pu{suant to

the r'ecommeniations of the Audir Commrttee of the Board of Directors, M/s RPMD &

Associates, Chartered Accountant (FRN: 005961C) be and are !re11U4

appoinSa as th5,

St1ruLo11

Auditor of rhe Company to hold offrce *-,;tr;.'ilij';"il:t * L'il'l^r"ffi'*5'#, "*,the remuneration payable ro them for the financial

etermired Uy the .tudit Comminee and Board of

3. To appoint a director in place of Aditya Gupta plN: 03500941)' -ho '+t"' by rotation and'

being eLigible, seeks teappo.intmeot'

RESOLVED TI-IAT pursuaot to the provisions of Section 152 and other applicableprovisions

oi,t. co*p",ri". A.t, zot:-it. ^ppr'o"al

of th: T"1!:1'^:f the Company be and is hereby

accorded to the reappointmefl; of -{iity" C'1 ta pIN: 03500941) as a directot to the extent that

he is required to retire by rotation'

For Powetfirl TBy the Otdet ofthe Board

LimitedPlace: DelhiDate: Ql",June, 2018

Singh' Company Secretary

M.No: A51268

1.

4.

7.

A MEMBER ENTITIED TO ATTEND AND VOTE AT THE GENERAL MEETING

IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE, ON A POLL

INSTEAD OF HIMSELF/HERSELF AND SUCH PRO)" NEED NOT BE AMEMBER OF THE COMPANY.

Proxies in order to be effective should be duly completed and signed io the enclosed form

"rrJrnrrt t. a"porited at the registered office of the company not less than 48 hours before

the commencement of the meeting.

nding to send their authodzed representatives to attend the meeting

a dJy certified copy of the board rcsolution authorizing their

and vote on thek behalf at the meetiog

Dwing the period begnning 24 hours before the time 6xed for the commencement of the

AGM"and until the Jonclusion of the meeting, member would be entided to hspect the

proxres lodged duriog the business hours of thi Company, provided that not less thao three

days of notice in writing is given to the Company'

Members are requested to nod!' tJae company immediately o[ any change in th& address'

Members/proxies are required to fill in and sigo attendance slip for zttending the meeting'

The Register of Directors and I(ey Managerial Personnel and their shareholding' maintained

under Section 170 of the Act.

A]l documeots referred to in the Notice wi]l be available for inspectioo at the comPany's

Regrstered OfEce dudng the normal business hours on workiog days upto the date of AGM'

In terms of Sectio rL 2013, Mr' A&tya Gupta Q)IN 03500941)'

Director, retire by aod being eLgrble' offer himself for

reappointrneot. The Company commends his re-appointment'

Brief resume of Dire

9.

By the Otder of t[ ngat!

Place: DelhiDate: 01.. June, 2018

No of Shates held in theV^.fL.Gh".lrges Private Limited

Pioneer Computronlx Private Limited

M.mber .f A"dlt Committee ofCh"r;7 M.E* "f Committees of

M.No: A51268

Name of Dkector Mr. Aditva GuPta .

2 DIN 03500941

26/02/20153 Date of ADDointment7260434

5

-Directotship

in other ComPanY

6

1 ln lommerce Graduate

I Area ons and Sales8 Functiont

Form_lYo. MGT- I IlPursuant to section 1os(6) of the,.^f,ir:^:J"2flro13 and Rute 1s(3) of the compani.es

(Management and Administration) Rules, 2O14j '

CIN:Name of the Company:Registered oflice:

Name of the Member(s):Registered address:E-mail Id:Fo.lio No/ Clint Id:DP ID:

1. Name:Address:Id:Signature: ..........., or failing him

2. Name:Address:Id:Signature:

3f Ty/ou. proxy to attend and vote (on a poll) for me/us and on my/our behalf atNinth Extra Ordinary General Meeting of members of the Company, io be held onwednesday, 27h J:ur,e, 2or\ at_ 11:00 A.M. at the registered ornci oi itre compa.ry aiG-1, Prakash Chamber, Ground Floor 6, Netaji SubaJh Marg, Darya Ganj, Ne* Oeffri-110002, and at any adjournment thereof in respect of such resolutions as areindicated below:

E-mail

E-mail

Affixi RevenueStamp

Resolution No.1 ............2............3..........,.1

5

Signature of ShareholderSignature of Proxy holder(s)

I{ote: Thls form of proxy ln order to be effective should be duly completed anddeposited at the Reglbtered OfIice of the Compaay, before the commeacemeat ofthe Meetirg.

Signed this ..... day of...... 2018

Route Map/

iCHARTERE D ACEOUNTANTSr^n ISO 900 2015 C.rtrted F r^r)

[ruDEPENiDEnIT A,UDfTOR'S RLP0RT

TO

THE MEMBERS OF

POWERF[Jt TECHNOLOGIES TIMITED

Delhi.

Report on the Financial Statements

1. We have audited the accompanying financial statements of POWERFL,,t TECI{filOLOGlEs

LIMITED having their registered office at G1, Prakash Chamber, Ground Floor, 6, Netaji Subhash

Mary, Darya Ganj, Delhi - 110 002 which comprise the Balance Sheet as at 31 March 2018, the

Statement of Profit and Loss and the Cash Flow Statement for the year then ended, and a

summary of significant accounting policies and other explanatory information.

Managernent's Responsib!lity for the Financial Statements

2. 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 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 lndia, including

the Accounting Standards referred to in sectlon L33 of the Act, read with Rule 7 of the

companies (Accounts) Rules, 2014. This responsibility also includes maintenance of proper

accounting records, in accordance with the provision of the Act for safeguarding of the assets of

the company and for preventing and detecting the frauds and other irregularities; selection and

application of appropriate accounting policiesj making ludgements and estimates that are

reasonable and prudent and design, implementation and maintenance of internal financial

control, 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

e rror.

Auditor's Responsibility

3. Our responsibility is to express an opinion on these financialstatements based on our audit.

We have taken into account the provisions of the Act, the accounting and auditing standards

and matters which are required to be included in the audlt report under the provisions of the

Act and the Rules made there under,

4, We conducted our audit in accordance with the Standards on Auditing specified under Section

143(10) of the Act, Those Standards require that we comply with ethical requirements and plan

'2.

RPMD & ASSACIATES

Charlered Accauntants

and per{orm the audit to obtain reasonable assurance about \,vhether the financial statements

are free from material misstatement.

5. An audit involves performing procedures to obtain audit evidence about the amounts and

disclosures in the financial statements. The procedures selected depend on the auditor's

judgment, including the assessment of the risks of material misstatement of the financial

statements, whether due to fraud or error, ln making those risk assessments, the auditor

considers internalfinancial control relevant to the Companv's preparation and fair presentation

of the financial statements in order to design audit procedures that are appropriate in the

circumstances. An audit also includes evaluating the appropriateness of accounting policies used

and the reasonableness of the accountlng estimates made by management, as well as

evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a

basis for our audit opinio n on the financial statements.

Opinion

6. ln our opinion and to the best of our information and according to the explanations given to us,

the aforesaid financial statements give the information required by the Act in the manner so

required and give a true and fair view in conformity with the accountinB principles generally

accepted in lndia:

i, in the case of the balance sheet, of the state of affairs of the Company as at 31 March

201-8;

il. in the case of the statement of profit and loss, of the profit for the year ended on that

date; and

iii. in the case of the cash flow statement, of the cash flows for the year ended on that

d ate.

Report on Other l-egal and Regulatory Requirements

7. As required by the Companies (Auditor's Report) order, 2016 as amended, issued by the Central

Government of lndia in terms of sub-section (11) of section 143 of the Act, we enclose in the

"Annexure A" a statement on the matters specified in paragraphs 3 of the said Order,

8. Subject to para 7 of this rdport and as required by the section 143(3) of the Act, we report that:

i. We have sought and obtained all the information and explanations which to the best of

our knowledge and belief were necessary for the purpose of our audit;

ii. ln our opinion proper books of account as required by law have been kept by the

Company so far as it appears from our examination of those booksi

RPMD & ASSOCIATES

Chortered Accauntonts

and Loss and Cash Flow stalement dealt with by

books of account and with the returns receivedl The Balance Sheet, Statement of Profit

this Report are in agreement \^/ith the

from the bra nches not visited by us;

ln our opinion, the aforesaid financiai statement comply with the Accounting standards

specified under Section 133 of the Act, Rule 7 of the Companies (Accounts) Rules, 2014;

On the basis of written representations received from the directors as on 31 March

2018, and taken on record by the Board of Directors, we report that none of the

directors is disqualified as on 31 March 2018, from being appointed as a director in

terms of Section 164(2) of the Act;

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"; and

With respect to the other matters included in the Auditor's Report in accordance with

Rule 11 ofthe Companies (Audit and Accounts) Rules,2014, in our opinion and to the

best of our information and according to the explanation given to us:

a,The company does not have any pending litigations which would impact its

financialposition mate ria lly.

b.The company did not have any long term contracts including derivatives

contracts for which there were any materialforeseeable losses

c.There were no amounts which were required to be transferred to the lnvestor

Education and Protection Fund by the company.

For RPMD & Associates

Chartered Accountants

lCAl Firm's registration n 005961C

Date: May zl'i 2078

ELia(RahulJain)

Pa rtner

Membership

Place: Delhi

ii RP'V?6"&4,56@ GAfrES( 0Adrfi6r'@d,A6c@ rhtelx.f s

{AnnerxunAA1,tolAdditor,'$l Repd!'t

As referred to in para 7 of our report of even date to the members of Powerful Technologies

Ltd on the finaneial accounts of the Company for the year ended 3l'st March' 2018'

onthebasisofsuchchecksa5WeConsideredappropriateandaccordingtotheinformationandexplanation Eiven to us during the course of our audit; we report that:

1.

b)

TheCompanyhasmaintainedproperrecordsshowingfu||particUlarsincIudingquantitative

details and situation of fixed assets on the basis of availa ble information;

As explained to us, all the fixed assets have been physically verified by the management in a

phased periodical manner, which in our opinion is reasonable, having re8ard to the size of

the Company and nature of its assets, No material discrepancies were noticed on such

physical verification.

ln accordance with the manner of periodical checkin8 by the mana8ement' certain fixed

assets were verified during the year and no material discrepancies were noticed on such

verification. consequently, further comment on proper treatment thereof in the books of

accounts does not arise

2.

3

AccordinB to the information and explanation provided to us, the physical verification of the

inventory has been conducted at regular intervals by the management ln our opinion' the

frequency of verification is reasonable.

Wearetnformedthatthediscrepanciesbetweenthephysicalstocksandthebooksofaccountwere negligib le;

According to the information and explanations provided to us, the company has not granted any

loanS, secured or unsecured, to companies, firms or other parties covered in the register

maintained under section 189 of the companies Act, 2013, Consequently, further comment

under this clause does not arise.

According to the information and explanations provided to us, during the year the Company has

given corporate guarantee to Dena Bank on behalf of a group company' M/s Pioneer

Computronix Private Limited for an amount of Rs. 1478 78 Lakhs and has complied with the

provisions of sectlon 185 and 186 of the Act, with respect to such guarantees given'

According to the information and explanations provided to us, the Company has not accepted

any deposit from the public Consequently, further comment under this clause does not arise'

According to the information and explanations provided to us, the company is maintaining cost

recordsinaccordancewiththerequirementsofsubsection(1)ofsection]'4SoftheAcireadwith Companies (Cost Records and Audit),2014

a)

4

5

6

RPMD & ASSOCIATES

Chartered Accauntdnts

"A"nnexure A" to Auditor's RePort

As referred to in para 7 of our report of even date to the members of Powerful Technologies

Ltd on the financial accounts of the Company for the year ended 31't March, 2018.

7.

8.

9.

a) According to the records of the company produced before us and as per the information and

explanation provided to us, the company is regular in depositing with the appropriate

authonties undisputed statutory dues including lncome Tax and other statutory dues and there

does not exist, any arrears of outstanding statutory dues as at the last day of the financial year

concerned for a period of more than six months from the date they became payable

b) According to the information and explanations provided to us, there does not exist any dues

of income tax or sales tax or service tax Or duty of customs or duty of excise or value added tax

or cess which have not been deposited on account of dispute except as mentioned in Note of

contingent liabilities to financial statements wherein the relevant amount has been shown as

contingent liabilities in respect of disputed demand pertaining to tax laws.

According to the information and explanations provided to us, we are of the opinion that the

company has not defaulted in repayment of dues to financial institutions or government or

bank. Consequently, further comment under this clause does not arise,

According to the information and explanations provided to us, the Company has not raised

money by issue of public offer (including debt instruments) and term loan except term loan from

Dena Bank having outstanding of Rs. 12.42 Lakhs as at March 31, 2018 for the purpose of

acquiring fixed assets We report that the money from such term loan have been utilized for the

purpose for which those are raised.

10. According to the information and explanations provided to us and based on our examination of

the books of accounts maintained, no fraud by the company or any fraud on the company by its

officers or employees has been noticed or reported during the year. Consequently, further

comment under this clause does not arise.

11, According to the information and explanations provided to us and based on our examination of

the books of accounts maintained, the company has paid managerial remuneration to the

'Managing Director' which is in accordance with the provisions of Section 197 read with

Schedule V to the Act.-Co nseq uently, further comment under this clause does not arise.

12. According to the information and explanations provided to us, the Company is not a Nidhi

Company as per section 406(1) of the Act Consequentlv, further comment under this clause

does not arise.

13. AccordinB to the information and explanations provided to us, all transactions with related

parties are in compliance with sections 177 and 188 of the Act and are disclosed in note of

El tl&kl \";..'t*t "=+r i;.

RPMO & ASSOCIATES

Chartered Accountants

"Annexure A" to Auditor's RePort

As referred to in para -l of our report of even date to the members

Ltd on the financial accounts of the Company for the year ended 31'tof Powerful Tech n o logies

March,2018.

related party transactions forming part of the financial statements, annexed to this audit report

in compliance of AS-18 Related Party Disclosures.

14. According to the information and explanations provided to us and based on our examination of

the books of accounts maintained, the company has issued Cumulative Convertible Preference

Shares (CCPS) of Rs. 650 Lakhs on private placement basis and converted those CCPS into equity

shares as per detail below:

(a) The Company has allotted CCPS of Rs, 390 Lakhs on 03-10-17 and CCPS of Rs. 260 Lakhs on

20-L1.-201-7 to Vinod Kumar Baldev Mohindra & Sushila Vinod Mohindra.

Theses CCPS were converted into 371429 Equity Shares of Rs. 10 each with a Securities

Premium of Rs 165 each per share on 25-01--20f8 as approved in the EGM held on 15-01-

2018.

According to the information and explanations provided to us and based on our examination of

the books of accounts maintained, the company has complied with the requirement of Section

42 of Companies Act, 2013 and the amount so raised have been utilized for the purpose for

wh ich they were raised.

15. According to the information and explanations provided to us, the Company has not entered

into any transactions with directors or persons connected with him to transfer any assets for

consideration other than cash under Section 192 (1Xa ) of the Act,

According to the information and explanations provided to us, the Company has not entered

into any transactions with directors or persons connected with him to acquire any assets for

consideration other than cash under Section 192 (1)(b) of the Act.

16. According to the informatlon and explanations provided to us, the company is not required to

be registered under section 45 lA of the Reserve Bank of lndia Act, 1934. Consequently, further

comment under this clause does not arise.

For RPMD & Associates

Chartered Accou ntants

lCAl Firm's registration number: 005961C

*"/ l(CA,rl\irri

Membership number:

Place: Delh i

Date: May 21't 2018

(Rahul Jain)

Partner

RPMO & ASSOCIATES

Chqrtercd Accauntdnts

"Annexure B" to Auditor's ReBort

Ar referred to in para 8(vr) of our report of even date to the members of Powerful

technologies Ltd on the financiai statements of the Company for the year ended 3l5rMarch'

2 018.

Report on the InternaI FinanciaI Controts under Ctause (i] of Sub'section 3 of Section 143 of the

Comoanies Act, 2013 ("the Act"l

1. We have audited the internal financial controls over financial reporting of Powerful

Technologies Limited ("the Company") as of March 31, 2018 in conjunction with our audit of

the financial statements of the Company for the year ended on that date'

Management's Responsibility for tnternal Financial controls

2. The company's management is responsible for establishing and maintaining internal

financial controls based on the internal control over financial reportinB criteria established

bYthecompanyconsiderinEtheessentialcomponentsofinternalcontrolstatedintheGuidance Note on Audit of lnternal Financial Controls over Financial Reporting issued by the

,,lnstitute of chartered Accountants of lndta,,' These responsibilities include the design,

implementation and maintenance of adequate internal financial controls that were

operatingeffectivelyforensUringtheorderlyandefficientconductofitsbusiness,includingadherence to company's policies, the safeguarding of its assets, the prevention and

detection of frauds and errors, the accuracy and completeness of the accountinS records,

and the timelY preparation of reliable financial information, as required under the

Companies Act, 2013

Auditors' Responsibility

3. 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 lnternal Financial Controls over Financial Reporting (the

"Guidance Note") and the Standards on Auditing, issued by lCAl and deemed to be

prescribedundersectionl43(10)oftheCompanlesAct,20l3,totheextentapplicabletoan

audit of internal financial controls, both applicable to an audit of lnternal Financial controls

and, both issued by the lnstitute of chartered Accountants of lnd ia. 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.

4. our audit rnvorves performing procedures to obtain auiit evidence about the adequacy of

the internal flnancial controls system over financial reporting and their operating

effectiveness.

RPMD & ASSOCIATES

Chartered Accountants

"Annexure B" to At.jditor's RePort

As rqferred to in para 8(vi) of our report

Technologies Ltd on the financial statements

2018,

of even date to theof the Company for the

5. Our audit of internal financial controls over financial reporting ncluded obtaining an

understanding of internal financial controls over financial reporting, assessing the risk that a

materlal weakness exists, and testinE and evaluating the design and operating effectiveness

of internal control based on the assessed risk The procedures selected depend on the

auditor,s judgement, 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 conirols sYstem

over financial rePorting

Meaning of lnternal Financial Controls Over Financial ReportinB

6, A company,s internal financial control over financial reporting is a process designed to

provide reasonable assurance regarding the reliability of financial reportinB 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

a. pertain to the maintenance of records that, in reasonable detail, accurately and

fairly reflect the transactions and dispositions of the assets of the companyi

b. provide reasonable assurance that transactions are recorded as necessarY to permit

preparation of financial statements in accordance with generally accepted

accounting principles, and that receipts and expenditures of the company are being

made only in accordance with authorisations of mana8ement and directors of the

compa ny; and

c. provide reasonable assurance regarding prevention or timely detection of

unauthorised acquisition, use, or disposition of the company's assets that could have

a material effect on the financial statements.

lnherent Limitations of lnternal Financial Controls Over Financial Reporting

7. Eecause 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 ovdf financial reporting may become

inadequate because of changes in conditions, or that the degree of compliance with the

policies or procedures may deteriorate.

members of Powe rf u I

year e nded 31'r March,

RPMD & ASSOCIATES

Chqrtered Accountants

"Annexure B" to Auditor's RePort

As referred to in para 8(vi) of our report

Technologies Ltd on the financial statementsof even date to the

of the Company for themembers of Powerf ul

yea r ended 31't March,

2 018.

Op inio n

For RPMD & Associates

Chartered Accountants

lCAl Firm's redstration numberr 005951c

frk-l*,>(Rahul Jain)

P a rtner

Membership number: 518352

Place: Delhi

Date: May 21'1 2018

ln our opinion, the Company has, in all material respects, an adequate internal financial

controls system over financial reportinB and such internal financial controls over financial

reporting were operating effectively as at N4arch 31, 2018, 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 lnternal Financial

controls over Financial ReportinE issued by the lnstitute of chartered Accountants of lndia,

FOWERFUL TECHNOLOGIES LIMITEDCIN: U26900DL201 5PLC277265IJALANCE SHEET AS A'T 3IST MAR

PAR.TICULARS NoteAs at 3I March 20I8 As at 3I Marclr 2017

Rs. Rs.

Shareholders' fundsCapitalAccountIleserves and surplus

Non-Currena LiabilitiesLong-tem borrowings

Defeffed tax Iiabilities (Deo

Current liabilitiesShort-tem borrowings

Trade payables

Other current liabilitiesShort term provisions

ASSETS

Non currcnt asscts

F'ixcd assets

- Tangible assets

Other non current assets

Defered tax assets (net)

Current assets

Inventories

Trade receivables

Cash and cash equivalents

Short term loar and advances

Other current assets

2.1

2.2

2.3

2.4

2.5

2.',l

2.8

2.9

2.t02.4

2.11

2.t22.13

2.14

2.15

18,414,290

107,6r 3,281

580,523

67,018,098

76,820,4',78

22,7 52,558

16,985,180

2,100.000

14,0'7 5,996

5,6'7',1,029

13,1 89

55,035,382

162,882,239

6,541,023

1,857,288

310.184.408 248.182.145

6,0E6,819

3t,82213,3 5l

173,584,173

I 18,908,860

243,508

3,503,032

7,812,842

3,256,889)a 111

83,520,035

1 41 ,'11 I ,4689r,641

2,013,347

t't,499,438

310,t84.408 248,1E2,146

Signilicart Accounaing Policies

Notes on Fillancial Statements

As per our report of even date

For RPMD & Associates

Chanered Accountants

Firm's registration no. 005961C

ffi,\(Rahul Jain)Partner

M No. 51E352

Place: Delhi

Date : May 21, 2018

For & on behalfofBoard ofDirectors

E-*(Aditya Gupta)

Managing

DirectorDIN- 03500941

Company Secretary

M No. 51268

Director

Clrief Financial Offi cer

POWERFUL T'ECIINOLOGIES LI[{ITEDCilir ; U26900Di-201 SP LC21 7 265

STATEft,ENT OF PROFIT AND I-OSS ACCOUNT FOIi 'TIIE YEAR ENDED 3IST

PARTICI]t,ARS NoteFor the year endcd

3I March, 2018For the ycar cndcd3l March, 2017

Rs. Rs.

R.everue

Revenue from operations

Other income

lTotaXR.venue

Expenses

Cost of materials consumed

Purchases of stock-in tadeChange in inventory offinished goods/ WIP/ Stock in trade

Employee b€nefi ts expense

Finance costs

Depreciation and amortjzation expense

Other Expenses

Total expenses

Exccptional items

Profit/(Loss) before extraordinary items and tax

Less: Tax expense

Curent tax

Defened Tax

Minimum altemate tax

ProIiU(Loss) for the period

Earning per equity share

tsasic/Diluted

2.t62.1'7

2.18

2.19

2.20

2.2t2.9

2.22

2.4

2.23

623.785,184

2,426,55',7

3s6,123,265

2,950

626,2'fi,74l 356,t26,215

451 ,30',1 ,326101,652,154

(30,913,559)

4,183,39 r

8,553,682

t,953,410

27,26t,349

26',7,584,983

103,095,965

(53,608,997)

3,358,05',7

7,48',7,567

7',|2,184

2t,328,726

563,997,753 350,016,486

62,2r3,988 6,101,129

17,2r5,180(26,s40)

1,887,288

(r 8,320)

4s,025,348 4,238,76r

29.29 2.90

Signilicant Accountiug Policies

Notes on Financial Statements

As per our report ofeven date

For RPMD & Associates

Chartered AccountatrtsFirm's registration no. 005961C -

For & on behalfofBoard of Dircctors

)u"":z(Aditya Gupta)

Managing Director

DIN- 03500941

(Pallavi Sharma)

ChiefFinancial Ofiicer

DirectorDIN- 02921204

ry-\_(RaLul Jain)Partner

MNo.518352Place: DelhiDate: May 21,2018

Company Secretary

M No. 51268

PO\\/ERFUL TECITNOLOCIES I,I]\4II'trDCIN r U26900DL20, 5PLC211265

Cash l-low StatcrncIt for the cndcd 3l st 7tL8

As per our report of even date

For RIMD & Associates

Chrrtercd .{ccountants

For & on behalfofBoard ofDirectorc

tk,(Aditya Gupta)

Managing Director

DIN- 03500941

(7ou"--"-' 9'to'-- - "

(Pallavi Sharma)

ChiefFinaloial Officer Company Secretary

MNo. 51268

l'arti(ularsFor The Y€rr Ended

March 31,20tr8

For 'fhe Year Endcdiltarch 31,20I7

A. Cash florv from Opetatilrg acliviticsProfit/ (Loss) bclore tax 62,213,988 6,1t1,1X9

Adiltslme ts fot:D€preciation 1,953,410 '7'72,184

lntercst Expense 8.553,682 7,487.567

lnterest income (2,49s) (2,300)

(Profit)/ Loss oD Sale ofFixed Assets

OperaJing profit belorc working capital changes 12,118,585 14,365,1E0

Movenents inworking capilal :

(lncreasey Decrease in Invento es (90.064,138) (61 ,944,96t)IncreaseyDecrease in Trade Receivables 22,862,608 (85.881.450)

lncrease)/Decrease in Olher Receivables (r,489,685) 334,153

Increase/(Docrease) in Trade Payables and Other Liabilities (69,850,226) 126,381,887

(lncrrase)/Decrease in Other assets 9,686,596

: as h ge ne ro led lr o tfi ope t a I i on s (s6,136,260) (6,745,191)

Income tax Refund/ (paid) during the year (2,26r,061) (851,769)

lnsuranc-e-claim received

Net cash from operating activities (A) (58,397,321) (7,s96,960)

B. Crsh flow from lnvesting activities

Purchase of Fixed assets (inoluding capital advances) (4,783,340) (1,542,2s0)

(Purchase)/Sale Of Long Term lnvestment

Interest lncome

Dividend Received

Net cash from investing activiti€s (B) (4,783,340) 0,542,250)

C. Cash flow from Firancing sctivitiesProceeds from issue ofsharc capitay application money 65,000,000 500,000

Increase / (Decrease) in borrowings 6,886,210 16,137,441

lnterest paid on bofiowings (8,553,682) (7,487,567)

Dividend Paid

N€t cash from fina.rcing rctivities (C) 63332,529 9,149,874

Net increas€ in cash and cash equivalents (A+B+C) ts1,867 10,664

Cash and cash equivalents aJ the beginnidg ofthe lear 9'l,641 80,977

Cash and cash equivalents st the €lld ofthe year 243,508 91,641

Paflncr

M No.518352Place: Delhi

Date: May 21, 2018

POWE RF{.J [- TECFI IVO LOG I ES

NO]]'ES FORMING F'ART OF

2018

tIR/IIT'ED

FIT,IANC[At STATEMENTS FOR THE YEAR ENDING ON MARC}I 31,

CORPORATE TNFORMATIORI

The company is engaged in the manufacturing of consumer electronics products i,e. LED TVs,

m on itors, power banks

1. SIGNIFICAI\IT ACCOUNTING POLICIES

A. Operating CYcle

Operating cycle is the time between the

realization in cash or cash equivalent.

acquisition of assets for processing and their

B. Revenue Recogn itio n

Revenue (lncome) is recognized on accrual basis when no siSnificant uncertainty as to

measurability or collect ability exists.

Revenue has been recognized on sales excluding of any taxes and including of any other

receipts or income on account of exchange fluctuations and claims receivables.

C. Use of est im ates

The preparation of financial statements in conformity with generally accepted accounting

principles requires management to make estimates and assumptions that affect the reported

amounts of assets and llabilities and the disclosure of contingent assets and liabilities on the

date of the financial statements and the results of operations during the reporting periods

Although these estimates are based upon management's best knowledge of current events

and actions, actual results could differ from those estimates and revisions, if any, are

recognized in the current and future periods.

D. lnventorY

Raw Material is valued at Cost. Finished Goods are valued at cost or net realizable value

whichever is lower.

E, Fixe d Assets

Fixed Assets are stated at cost less accumulated depreciation and impairments, if any The

cost includes cost of acquisition/construction, installation

FOWERFUI- TECHNOLOGIE5 TIMITED

FINANCIAT STATEMET\ITs FOR THE YEAR ENDING OIV MARCH 31,IVO']TES FORft/IING PART OF

201E

F, Dep reciat ion

Depreciable amOunt for assets is the cost of an asset, or other amount substituted for cost,

less its estimated residualvalue. Depreciation on tangible flxed assets have been provided on

Written Down Value method as per the useful life prescribed ln Schedule Ilto the Companies

Act,2013 effective from 1st April 2074 and depreciation on tangible fixed assets upto 31st

March 2OL4 was provided at the rates and manner prescribed in schedule in Schedule XIV of

the com panies Act, 195 5,

G. Taxation

Current income tax expense comprises taxes on income from operations in lndia and in

foreign jurisdictions, lncome tax payable in lndia is determined in accordance with the

provisions of the lncome Tax Act, 1961.

Deferred tax expenses or benefit is recognized on timing differences beings the difference

between taxable income and accounting income tax originate ln one period and is likely to

reverse in one or more subsequent periods. Deferred tax assets and liabilities are measured

using the tax rates and tax laws that have been enacted or substantively enacted by the

balance sheet date.

Advance taxes and provisions for current income taxes are presented in the balance sheet

after off-setting advance taxes paid and income tax provisions arising in the same tax

jurisdictlon for relevant taxpaying units and where the Company is able to and intends to

settle the asset and liability on a net basis.

H. lmpairment of Assets

At each balance sheet date, the management reviews the carrying amounts of its assets

included in each case generating unit to determine whether there is any indication that those

assets were impaired. lf any such indication exists, the recoverable amount of the asset is

estimated in order to determine the extent of impairment loss. Recoverable amount is the

higher of an asset's net selling price and value in use. ln assessing value in use, the estimated

future cash flows expected from the continuing use of the asset and from its disposal are

discounted to their present value using a pre-tax discount rate that reflects the current

market assessments of time value of money and the risks specific to the asset.

L Earnings per share

The company reports basic and diluted earnings per share (EPS) in accordance with the

Accounting Standard 20(AS-20) issued by the lnstitute of Chartered Accountants of lnd ia. The

POWERFUI- TECHNOI-OGIES LIMITED

NOTES FORMII\IG PART OF FINANCIAT STATEMENTS FOR THE YEAR ENDING ON MARCH 3]I,

2018

basic EPS is computed by dividing the net profit or loss for the year by nreighted average

number of equity shares outstandinS, during the accounting period. Diluted earnings per

equity share are computed by using the weighted average number of equity shares and

dilutive potential equity shares outstanding during the period.

J, Fore ign currency transactions

Tran5actions denominated in foreign currencY are recorded at the exchange rate prevailing

on the date of the transaction.

Assets and liabilities denominated in foreign currency are converted at the exchange rates

prevailing as at the balance sheet date. Exchange differences other than those relating to

acquisition of fixed assets are recognized in the statement of profit and loss, Exchange

differences relatingto purchase offixed assets are adjusted to the carrying cost of fixed assets

K. Provisions, ContinBent liabilities and Contingent assets

A provision is recognized when the Company has a present obligation as a result of past event

and it is probable that an outflow of resources will be required to settle the obligation, in

respect of which reliable estimate can be made. Provisions (excluding retirement benefits)

are not discounted to its present value and are determined based on best estimate required

to settle the obligation at the balance sheet date. These are reviewed at each balance sheet

and adjusted to reflect the current best estimates. Contin8ent liabilities are not recognized

in the financial statements. A contingent asset is neither recognized nor disclosed in the

fina ncia I statements.

L. Related Party Tra nsactions

Disclosure is being made separately for all the transactions with related parties as specified

under Accounting Standard 18, issued by the lnstitute Chartered Accountants of lndia.

M. Micro, Small & Medium Enterprises Development Act,2006

The Company has not received any memorandum (as required to be filed by the suppliers

with the notified authority under the Micro, Small and Medium Enterprises Development Act,

2006) claiming their status as Micro, Small and Medium Enterprises. Consequently the

amount paid/ payable to these parties during the year is not ascertainable. Consequently, as

of now, it is neither possible for the Company to ascertain whether payment to such

enterprises has been made within 45 days from the date of acceptance of supply of goods or

h.a

POWERFL,IT TEEF{NOt@GIE5 T[MITEE

RJOTES FORMI["OG PART OF FIftIANEIAT STATEIVIEl\..fT'S FOR THE YEAR ENDIftIG ON MAREH 31,

services rendered by a supplier nor to give the re leva nt disclosures as req u ired under the Act.

This has been relied upon by the auditors

pcl\'r.:ntir-urx'r tloLCC I I]S Li ]'11 f 8l)

CIN: tr2690t| D L2015 Pl'C271265

NO'I'ES FOII\IING PART OIi FINANCI^t, S]'ATE\lEN'LLIqLI4qI!!8 ENDI]D 3 tST }IARC[.I 201B

-|]hcpreYiotlsPcliodl,igUlcshi}Cbccnrcgroupe(i/rt)(Iassilied,lthercverncccssal.\'loConlbrnllothccul.rcItplescnt^tlon.

2.1.1 lLeconciliAtion ol thc sharcs outstanding at thc bcginning and at thc ond ofthe reporting period

l'r'rlc

b, Terms/ riBhts attAchcd to cquity sharcs

I Thecompa -vhaso|llyoDeclassofequityshareshavingaparvalueofRs. I0pershare Each holder olequit] shares is entitled

to one vole pel share

2 The oonpa[] has not cleclaled or paid any dividend to the shnleholder at any tinle since ilrceplion ollhe conrpauy

2,I SI]ARI] CAPIl'AL

As .tl ll \larch 2017As .it 3l \Inrch 2018

70 00 000 shares ol Rs l0 each

PY 2.50.000 shares ol Rs l0 each)

Issuetl, Subsuibed & fttll-t' Poid uP

18.41.429 shares oi Rs l0 each

(PY 2.10.000 shares oJ Rs l0 e^ch )

18.11.1.290

Equit] \harcs

At the begrDning ol the Year

Pret'erence Sbare converted inlo equity share

Bonus issued duriog the YeAr

OLrIStanding at thc end o

3l l\,la rch 2018

Numbcr (Rs.)

210,000

371,429

1.260,000

2.100.00u

3.7 t4.29A

r2.600,000

1,811,429 l8,t 14,290

sha resNl arch 2017JI

Number (Rs.)

At the beginrling ofthe Year

lssued during the year tbl consideratron in cash

Orrt.tondirrg nt tlre <rrd oithc 1'<:tt

200.000

r0.000

2.000.000

r00.000

210,000 2,100,000

l1 t,larch 2018

Numbcr (RsJ

Ai the begrDning ofthe Year

Issued duriDg the ,earPrelcrcnce Share colr\eied illlo equity share

( )rrrsta dine at the end o1'thc I ear

6.500.000-6,500,000

65.000.000,6s.000.000

' PO\YERFUL TECHNO]LOGIES LIMITEDCIN : U26900DL20I 5P LC27 1 265NOTES FORMTNC PART OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 3IST MARCH 2OI8

'[i,e dctails ol slLarelLcldtr holding lflore than 5%o sha! e$ is set below:

Name of ShareholdersAs at 3l March 2018 As at 3I fi{arch 201?

No. ofShares held (%) No. of Shares heid (Y.)

Karlrna Chhabra

Aditya Gupta

Vinod K Mohindra & Sushila Mohindra

7,40,s57 (40.22%)

1,26,043 (39.43%)

3,7 t,429 (20.11%)

107,100 (51.00%)

102,900 (49.00%)

As per records ofthe Company, includiog its register ofshareholders/members and other declarations received from shareholders

regarding beneficial inte.est, the above shareholding represents both legal and beneficial ou,nership ofshares.

2.2 RESERVE AND SUR}LUS

2.3 LONG TERM BORROWINGS

2.4 DEFERRED TAX LIABILITIES

Particulars As at31 March 2016 As at 31 March 2017

Rs, Rs.

Securities Premium AccountOpeniry Balance

Add: Amount received towards issues of shares during the year

Less: Amount utilised towards issue ofbonus shares

Closing Balance

Surplus balance in the statement ofprofit aIld loss

Opening Balance

Add: Profit/(Loss) for the year

Less: Amount utilised towards issue ofbonus shares

Less: Excess Provision oflncome Tax/ Income WOff and TDS

Receivable of Previous years

Add/ Less: Dep Woffpursuant to change in useful lifeClosing Balance

8,000,000

6t,285,710(8.000.000)

7,600,000

400,000

6t,285,7 r0 8,000,000

6,075,996

45,025,348

(4,600,000)

(113;1't3)

1,83',1 ,2354,238,7 6t

46,321,5'11 6,015,996

107,613,281 14,0?5,996

ParlicularsAs at 3l March 2018 As at 3l March 2017

Rs, Rs.

SECURED

Term Loan From Bank

UNSECURED

Loan from related party

580,523 t1'7,029

5,500,000

580,523 5,6'77,029

ParticularsAs at

During the yearAs at

I April'2017

31 March, 20lE

DTLi DTADepreciation

Net (DTL)/ DTA

(r 3,189) 26,540 13,351

(13,189) 26,s40 13,351

#:)

POWERFUL TECHNOLOGIES LIMITEDCIN: U26900DL2015P LC27 1265

NOTES FORMING PART OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 3IST MAI{.CII 2OI8

2.5 SHOIIT TERI\I BORROWINGS

2.5.1 Secured loans from banks/ financial irstitutions- Rupee Loans are secured by hypothecation ofprcsent and future inventories, outstandings and receivables

2.6 TRADE PAYABLES

2.7 OTHER CURRENT LIABILITIES

2.8 SHORT-TERM PROVISIONS

Farticulars As at 3l March 2018 A.s at Jl March 201?

Rs. RS.

Secured

Working Capital Loans

Rupee Loans from Banks/ Financial Institutions-Dena Bank 67,018,098 55,035,382

67.018,098 55,035,382

ParticularsAs et 3l March 20lE As at 31 March 2017

Rs. Rs.

Trade Payables

-Acceptances against Letter ofCredit issued by Barks-Other than Acceptances 76,820,4'78 162,882,239

76,820,478 162,882,239

ParticularsAs at 31 March 2018 As at 3l March 2017

Rs. Rs.

Advances liom Customers

Creditor for capital goods

Cunent maturities of long telm debt

Expenses Payables

Statutory Liabilities

8,733,7 42

4,025,000

661,208

8,098,587

|,234,020

1,100,000

322,540

4,325,59'.1

792,886

22,152,558 6,541,023

ParticularsAs at 3l March 2018 As at 31 Iuarch 2017

Rs. Rs,

Provision for Irtcome Tax

Z-s &J$n\ ^:io.

16,985,180 1,E57 ,288

t ur, i:\., 16,985,180 1,857,288

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POWERFIJL TECHNOLOGIES L!MITEDCIN: U26900DL201 5P LC21 1265

NOTES FORMING PART OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 3IST MARCH 2018

2.10 OTHER h"oN CURRENT ASSETS

2.1l: INVENTORIES

2.12: TRADE RECEMBLES

2.13: CASH AND CASH EQUIVALENTS

As at 3l March 2018 As at 3l March 2017

Rs. Rs.

Other non-cul-rent assets

Balance with Banks in FDRS with original maturjty ofmore than l2 month 31,822 ,o 1r7

31,822 29,321

ParticularsAs at 31 March 2016 As at 31 March 201?

Rs, Rs.

Raw MaterialWork In Progress

Finished Goods

Stock in trade

7'7,566,614

33,109,89'7

46,690,662

15,617,000

18,416,035

33,061,706

7,563,000

24,479,294

173,5E4,173 83,s20,035

ParticularsAs at 3l March 2018 As at 31 March 2017

Rs. Rs.

Unsecured, considered good

Debts outstanding for period for less than six months

Debts outstanding for period for more than six months

I t8,'7 55,25'7

153,603

136,486,542

5,284,926

1t8,908,860 t41,171,468

ParticularsAs at 31 March 2018 As at 31 March 2017

Rs. Rs.

Cash on hand

Balance with Barks in Cunent A./c

Balance with Banks in FDRs with original maturity ofless than 12 months

Margin Money in the form of Deposits

234,585

8,923

60,591

31,050

243,508 91,641

9(v )--'-

FOWERFUL TECHNOLOCIES LIMITED' CII\: U26900DL2015P LC21 7265

NOTES F'ORMING PART OF FINANCIAL STATEMENTS F'OR THE YEAR ENDED 3IST MARCH 20I8

2.I4: SHORT TERM LOAN AND ADVANCES

P.,rticularsAs at 31 l\{arch 2018 As at 3l M*rch 20l7

Rs. Rs.

Advances to Suppliers

Balance with Government AuthoritiesOther Loan and Advances

Prepaid Expenses

Securjty Deposirs

1,010.142'731,618

875,655

560,618

325,000

1.606.9',71

45,193

186,353

174,830

3,503,032 2,013,347

2.15: OTHER CURRENT ASSETS

2.16: REVENUE FROM OPERATIONS

Particulars As at 31 March 2018 As at 3l March 2017

Rs. Rs,

Insurance Claims 7,8t2,842 17,499,438

7,E12,842 17,499,438

ParticularsFor the year ended3l

March,20lEFor the year ended3l

March,20l7

Rs. Rs.

Sale ofProducts

Domestic Sales

Export Sales

Other Operating Revcnues

623,539,698

245,4E6

1s6,123,265

623,785,184 3s6,123,265

2.17r OTHER INCOME

For the year ended3lMarch,201E

For the year cuded3lMarch,2017

Rs. Rs.

Discount received

Intorest income

Foreign Exchange Gain/Loss

Miscellaneous incoll,le

249,866

2,495

2,174,196

2,300

650

2,426,551 2,950

v ,)2-@),-

PO\\TERFUL TECHNOLOGIES LIMITEDCIN: U26900DL201 5PLC21 1 265NO'TES FOR]VIING PAITT OF FINANCIAI- STATEMENTS FOR'I'HE YEALl ENDED 3IST MARCH 20I8

2.lli: COST OF l\,IATERIAL CONSUIUED

2.I9: CHANGE IN INVENTORY OF FINISHED GOODS/ WIP/ STOCK lN TRADE

2.20: EMPLOYEE BENEFITS EXPENSE

2.21: FINANCE COST

For tlre year cnded3lMarch,2018

For the year ended3ltrlarch,20l7

Rs. Rs.

Opening stock

Add: Purchascs

l-ess: Closing Stock

Cost of Mate alConsumed

18,416,035

510,457,905

77,s66,614

r 0,080,071

2'7 5,920,94718,4r 6,035

451,301,326 267,584,983

ParticularsFor the yeer ended3l

March,2018For tlre year ended3l

March,20l7

Rs. Rs.

I l"

-d of the vear

lnveltories at the beginnfug ofthe yearWork in progress

Finished Goods

Stock-in-trada

33 ,',?09 ,89',7

46,690,662

15,617,000

33,061,',?06

7,563,000

24,479,291

96,017.559 65,104,000

33,06r,',l06

7,563,000

24,419,294

1,938,462

8,165,31I

1,391,231

65,104,000 r 1,495,003

(30,9r3,ss9) (53,608,997)

ParticularsFor the year ended3I

March,2018For the year ended3l

March,2017

Rs. Rs,

Contribution to provident and other funds

Salary and Wages

Staff We lfaro Expenses

Director's remunoratioD -

291,359

3,330,sE7

261,445

300.000

261,961

2,845,099

250,997

4,t83,391 3,358,057

For the year ended3lMarct,2018

For the year eDded3lMtch,2011

Rs. Rs.

8,045,451

130,896

317,334

7,32'7,9ts

24,083

135,569

, I'O\YERFUL TECHNOLOGIES LXMITED, CIN: U26900DL2015PLC277265NOTES FORMING I,ART OF FINANC],AL STATEMEh"TS FOR THE YEAR ENDED 3IST MARCH 20I8

2.22: OT}{ER EXFENSES

2.23 EARNINCS PER SHARE

2.23.1

a) The Company has alloted 12,60,000/- eQuity shares ofFace value ofRs.l0/- each as bonus share in the ratio 6:l as approved ofl

25.0 t.2018.

b) The wei'ghted avg no. ofequity share has been calculated considering the allotment ofbonus shara with retrospective effect.

Accordingly, EPS ofFY 2016-l? has been restated.

2.24 VALUE OF IMPORTS CALCULATED ON CIF BASIS

For the ycar ended3lMarch,20l8

For fhe year ended3lMarch,2017

Rs. Rs.

es

rges

Banh CJrarges

Conveyance & Travelling Expenses

Customer care charges

Freight & Canage

Ceneral Expenscs

Insurance Exp.

Legal and Professional Charges

Offi ce Maintenance Expenses

Other government charges and taxgs

Packing Charges

Power & Fuel

Printing & Stationary Expenses

Rent, rate and Taxes

Repair & Maintenance

Rebate, Claims and Discount Expenses

Royalty/ Commission Expenses

Tclephooo, Postage & Courier Expenses

282,500

129,545

310,7'71

8,67 6,47 4

346,144

l,l8l.93 t

804,325

2,t5'7,224

2.250,843

6'76,362

49',7,7 45

18,720

356,302

690,023

622,05'7

r 53,307

214,25'.7

400,333

6.736,',l 84

7 55,'104

32.500

362,500

220,7 tl9,015,854

312,183

419,003

657,850

t.t5'7,2472,554,5t0

89,085

485,976

r 95,861

3',14,63'1

362,930

t25,656278,690

100,160

1t5,021

4,055,700

352,646

27,261,t49 21,328,726

ParticularsFor the year cnded3l

March,20lEFor the year ended3l

March,2017

Rs. Rs.

Net Profit for the Year

Weighted average number ofequity shares

Nominal value of shares (ln Rs)

Basic/ Diluted Earning Per Share

45,025,348

|,53'7,163

10

4,238,76t'I,460,137

l0

29.29 2.90

Parliculars

,ffiFor lhe year endcd3l

March,2018For the year ended3l

Mrrch,2017 ,

Rs. Rs,

Material,.1i;)

126,994,958 t28,928,831

Particuiars

POWERFTIL TECHNOLOGIES LIMITED' CIN: U26900DL2015PLC277265NOTES FORFIING PART OF FINANCTAL STATEI'IEN'|S F'OR THE YEAR ENDED 3IST MARCH 20I8

2,25 EXPENDITURE IN }.'OREIGN CT]RRENCY

2.26 EARNINGS IN FOREIGN EXCHANGE

For the year ended3lMarch,2018

For the year cnded3lMarch,2017

Rs. Rs.

Tour & TravellingRoyalty Expenses

296,836

5,'.l89,416

68,000

4,055,?00

6,086,252 4,123,104

ParticularsFor the year ended3l

March,20l8For the year cnded3l

March,2017

Rs. Rs.

Expo( ofgoods 245,486

245,486

Particulars

l'o\\,erfur ]'echnologics LinlitedCtN: tJ26900DL20l5PLC27726sNotes fornring prrt ofthc firlancial slrtcmcnts [or Jhc yeal endcd ]\{arch 31,2018

2.27 Rel{ted party trrnsactions

Balances oulslandine at lhe end ofthe vear

Details ofrcla(edDescrtrtion of rclationship Names of relaled par(ics

Key ManageDenl PersoNel (KMP)

Rehtives of KMP (Relatio with KMP)

Enlerprises in \,,,hich KMP / Relatives of KMP can exercisesignificant influenc€

1 Nitin Chhabra

2 Aditya Gupla

3 Pallavi Sham)a

I tsK Chhabra (Brother)2 RAJEEV LUTHtuA (Uncle)

3 KEDARMAL BHALLA (Uncle)

I Pioneer Compuhonix P\t Ltd2 Vacline Technologies P\t Ltd3 SHINE PACK{GING

Note: Reliance for list ofrelated panies, nature ofrelationship and transactions during the year & balances as on 3l st March 20,8 is placed on thedetails provied by the managehent

Details ofrelated party transactions during the year ended 3l March. 2018 and balances outstandins as at 3l March. 2018:

KMP Relatives ofKMP

Enlitics in whichKIUP / r €latives of

I(MP have

significentirllucnce

Total

Purchase ofgoods 225,461,642(23.028-491\

225,461.642(23.028-491\

Sale ofgoods 13,000 190,7'7 0,293(90.057.467\

190,783,293(90.057.467)

Receiving ofsewices 375,000 3n,840 140,351(113.000)

833,191

013,000)Loan pald back 5,500,000 5,500,000

Lnterest on Loan 895,890(835.000)

895,890(835.000)

Trade payables/ Expenses Payables 375,000 246,0 t0 773,641(t4.693.703\

1,394,651,r4.693.703\

Loans and advances Payable(5.500.000) (5.500.000)

Nole:Figures in bracket relates to th€ previous y€ar

..3 -C.

),--'

POWERFUL TECH]'{OLOG]ES LIMITEDCIil : U26900DL201 5FLCZ1 7 X 65

Notes Ib of the filIarciai statements for the r cndcd March 31.2018

2.28 ContingeBt Liabilities ard Comrlitments

* The company has been advised that the demand is likely to be either deleted or subsrantiallyreduced and accordingly no provision is considered necessary.

2.29 Other notes

iD

iii)

iv)

Previous year figures are regrouped and reclassified whereyer necessary to conform to culrent year's

presentation.

There were no dues outstanding to Small, Medium and Micro Undertakings to the extent that such paffeshave been identified from available information by the management

Some ofthe balances ofreceivables and payables remains unconfirmed till balance slreet date.

In the opinion ofthe management, current assets, loans and advances have a value not loss than what is

stated in the accounts ifrealised in the ordinary course ofbusiness.

For RPMD & AssociatcsChartered Accountants

Firm's registration no. 005961C

Tol",lRahul Jain) LPartner

M No. 518352

Place: DelhiDate: May 21, 2018

For & on behalfofBoard ofDirectors

\)v"Y,(Aditya Gupta)

Managing Director *

DIN- 03500941

?ou-t"--,zz-^--'r-2.(Pallavi Sharma)

ChiefFinancial Officer Company Secreta4

M No. 51268

ParticularsAs at

31 March 2018As at

3l March 2017Rs. Rs.

Contingent Liabilities

(A) Claims against the company / disputed liabilitiesnot acknowledged as debts *

in respect ofdemand pertaining to taxes 44,200

Total 44,200

itin Chhabra)

Director

rN- 02921flfr

'/ PoWERFUL TEGHNoLoGTES LrMrrEDCIN : U26900D1201 5PLC27 7 265

Regd. Office : G-1, Prakash Chamber, Ground Floor 6, Netaji Subhash Marg, Darya Ganj, New Delhi-1 100002Corp. Oflice : 181, A Block, Sector 63, Gautam Budh Nagar, Noida, U.P. - 201307 Tel: +91-120-4330851

www.powerfultech.in

BOARD'S REPORT

To the Members,

Yout Directots are pleased to present the 3d Annual Report on the business and operations of youtCompany along with fie Audited Accounts for the financial year ended 31$ March, 2018.

1. FINANCIAL SUMMARY AND HIGHLIGHTES

The Financial AffaLs of the Company are briefed herein below:

OPERATIONS AND ACTTVITIESAmount in Rs,

Revenue from operations 623,785,1.84 356:123,265

Other Income 2,426,557 2,950

Total 626,2n,747 356,126,275Total ExDenses 562,044,343 349,246,302Pro6t/poss) before exceptional andextraordinary items & taxDepreciation/Amortizations & Interest

6+,167,398 6,879,9',13

hss: Depreciation/Amortizations 1,953,410 772,784

Profit/(Loss) before exceptional andextraordinary items & tax

62,21j,988 6,L07,729

Less: Exceptional ItemsLoss on sale of Shates/Scrips

0 0

Profit/(Ioss) before tax 62,213,988 6,L07,729

Tax Exnense:Current TaxDefetted Tax

L7,2t5,180-26.540

1,887,288

-'18,320

Profit/pos$ for the yearAdd: Balance brought forwatd

45,025,348 4,238,761

Profit/(Loss) available fot apptopriation 45,025,348 4,238,7 61

Balance carried to Balance Sheet 45,025,348 4,238,7 6"1

DTVIDEND

During the Frnancial year undet tev.ievl consideting ptoposed expansion plans, yout Dfuectors did

flot recommend any dividend.

RESERVE

No amount has been transferred to resefves during the period undet review. The Profit eamed

duting the year has be catried to the Balance Sheet under the lread Surplus

Powerfr.rl Technologies Limited

J

\,

Powerfut Technologies LimitedS . -./ --.-

7.

STATE OF COMPANY'S AFFAIRS

During the Ftnancial year under teview, the Company has earned a ptofit of Rs .45 '025'348/

uf*, i* "s "o-p-.i to Rls. 4,238,7 67 /- dunng the previous financial year which has been

furthe( capitalized and ffansferred to Balance Sheet'

During the Ftrancial under review, yout Company does not have anv subsidiary' ioint venhtes

and Associate Company and also no Company become or ttottd tt' be its subsidlaries' jourt

venture ot Associate ComPanY.

s Act, 2013 read with Rule 12(1) of the

201'4, the Extract of the Annual Retum in

A

MEETINGS

Durins the Deriod under review out directors met 15 tlmes and out Audit Committee'

I#i".ri"t f.i^at"rhlp Co**itttt u"d Nomination and Remunetation Committee met once'

Further in resPect of during tl:e fiaancial vear 1017-18 proper notices

were given and the pr recoried and srgned rncluding circular resolutions

passed in the Mkrutes PurPose'

Details of Board Meeting and attendance

1. ,)td Man ).O17 2 2

2 22. nl st A,rdrqt 2017

2 23. ornd C"-teffihet 2017

2 2l 08e September, 2017

03'd Octobet, 2017 2 z2

5.20,r. Novembet, 2!12 z

-27rh

Novembef, 2017 ) 22

8. 16th December, 2017 2

o 19* January, 2018 ,fgt'lanuary,2018 ). 2

IU.2 z

11.,(ti I.-'."-, ,O1R

2 2

I72. u/o ieDruary, zu ro

11.

-28rh

Febfuary/q.lg 3

03d March, 2018J

t4. 415. 21$ March, 2019 5

Powerful Technolo.gies L!

Pourerful Technologies

Limited

\2oi,..to

5. PARTICULARS OF SUBSIDARIARIES. JOINT VENTURES AND ASSOCIATES

Details of Meeting of Audit Committee

Details of Meeting of Stakeholder Relationship Committee

Details of Meeting of Nomination and Remunetation Committee

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Comparues Acq 2013, your Directors confum that:

(i) in the pteparation of Annual Accouots for the year ended 31" March, 2018, the applicable

accounting standatds have been followed along with proper explanation relating to the

matetial departue

(ii) apptopriate accounting policies have been selected and applied consistendy aod that the

judgment and estimates are teasonable and ptudent so as to give a tr-ue and fait view of dre

state of affairs of the Company at the end of the Frnancial yeat and of the prolit and loss ofthe Company fot the yeat under review;

(iii) Ptoper and sufhcient care has been taken for the maintenance of adequate accounting

tecords in accordaoce with the ptovisions of the Companies Act,2013 and applicable

provisions, if any of the Companies Act, 1956 fot safeguarding tJ-rq assets of the Company

and for preventing and detecthg ftaud and other irtegularities.

(iv) The accounts for the year ended 31't March, 2018 have been prepated on a going concetn

basis.

(v) Proper systems have been devised to ensure compliance with the provisions of all applicable

laws, and that such system was adequate and opetating effectively.

Based on the frameuzork of intemal hnancial controls and compliance systems established and

maintained by the Company, work petformed by the interna! statutoty and sectetaJial auditots

and external consultanti and the riviews perfotmed by managemeot and the relevant board

committees, trcluding the audit committee, the board is of the opinion that the -Companyt

intetnal frnancial controls were adequate and effective during the frnancial yeat 2011'70.

hnoI logies Limited Power

I

10.

DECI-A-RATION BY INDEPENDENT DIRECTOR

Putsuarit to the provisions of Section La9Q) of the Companies Act,2013, the Company has

received the flecessary declaration ftom each Independent Directot of the Company, that hemeets the criteria of independence as laid out in Section 149(6) of the Companies Act, 2013.

AUDITORS AND AUDITORS REPORT

Pu$uant to the ptovisions of Section 139 of the Companies Act,2073, M/s Chhabra B.K. &Associates, Chattered Accountants who were re-appointed as Statutory Auditors of theCompany ftom the conclusion of Second Annual General Meeting (AGI\! bll dre conclusion ofthe Fifth Annual General Meeting of the Company (subject to tatiEcation by the Members at

every Annual General Meeting).

However, due to unavoidable chcumstances M/s Chhabta B.I( & Associates, CharteredAccountants have resigned as a Statutory Auditors of the Company and to fill the casual vacancy

caused by resignation of M/s Chhabta B.K- & Associates, Charteted Accountants, yout comPariy

has appointed M/s RPMD & Associates, Chartered Accountant (FRN: 005961C) as the StatutoryAuditor of the Compaoy to hold office till the conclusion of the ensuing Annual GenetalMeeting in there meeting held on 28'h February, 2018 aod the(e appointment was ratihed in the

Exua-otdinaty General Meeting held on 06s March, 2018.

It is ptoposed to appointment M/s RPMD & Associates, Chartered Accountant (FRN: 005961C)

as the Statutory Auditor of the Company in the ensuing Annual General Meeung of the

Company at a remuneration that may be decided by the Board of Directors in consultation withthe Auditors.

T'he Company has obtained a certihcate ftom M/s. RPMD & Associates, Chartered Accountant

(FRN: 005961C) to the effect that thei appointment would be in accotdance widr the

requirements of Sections 139 and L4'l and othet applicable ptovisi,ons of the Companies Acg

20'13.

11. EXPLANATION ON EYERY OUALIFICATION BY AUDITOR IN HIS REPORT

The auditor has not made any observation in the auditot teport so no comments is tequired ftomyour dfuectors pursuant to Section 13a(3)(f) of the Companies Act,2013.

12. SECRETARIALAUDIT

?ror,'isions of Section 204 of the Companies A ct,2}73 arc not aPplicable on the Company

SECTION 186

Dunng the finar.aal year under review, your

Investmeflts.

Company has not given Loans ot made any

9.

Guarantee:

Your Company has given a corporate guarantee to I{/s Pioneer Computonlx Private Ijmited m

which director of out company hold the position of Ditector'

"8.

Powerful Technologies Limited Powerful Technologies Limitaa

7-

Y/

I

14. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH REI-ATEDPARTIES UNDER SECTION 188 OF THE COMPANIES ACT. 2013

During the hnancial yeat under teview, the Company has entered into tansactions with related

parties as defined uoder Section 2(76) of the Companies Act, 2013 read with Companies

(SpeciEcation of DeFrnitioo Details) Rules,2014, which wete in the ordinary course of business

and on armt lengdr basis and in accotdance rvith the provisions of the Companies Act,2013 and

Rules issued thereundet.

Details of Contract or Artangement with telated patties are disclosed in Fotm AOC-2 annexed

to tlris Boatd's Report ^s

Aflnexure-B

15. MATERIAI CHANGES AND COMMITMENTS AFFECTING THE FINANCIAIPOSITION

Pursuant to the ptovisions of Section 13a(3)Q) of dre Companies Act 2013, no matedal changes

and commitments which could affect the Company's financial position have occured between

the end of Frnaocial year and the date of this repott.

16. CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION AND FOREIGNEXCHANGE EARNINGS AND OUTGO:

The infotmation in accordance u,ith the provisions of Section 13a(3)(m) of the Companies Act,

2013 is set out as under:-

Conservation of Enerpv:

Your company is a labor oriented maoufacturing company and very less amount of energy is

requfued in manufacturing process. Futther our company has taken adequate steps to conserYe

the energy

Technologv Absorotion:

Duting the Frnancial year undet tevie.,r1 no technology absorption Putsuant to Section 134(3)(m)

of thJ Comparues Act, 2013 has been done. Hovzever o.,' compafly has purchased machines

requLed for tesdng our raw material and finished goods.

Foreign Exchange Earning and Outgo:

During the financial.year undet review following were the Foteign Exchange Earning and outgo:

1. Foreign Exchange Eatning: Rs.2,45,000

2. Foreign Exchange Outgo: Rs.60,86,252

17. AUDIT COMMITTEE

.PufsuaflttotheptovisionsofsectionlTTofCompaniesAct,2013aCommltteeoftheBoardofDirectors has been constituted and called as "Audit committee" and all tecommendations made

by the Audit Committee has been accepted by the Company'

Powerful Technologies Limited

I\

7/

18.

Audit Committee fotmulated Related Party Policy, Risk Management Policy and Vigrl Mecharusm

and \X4ristle Blowet Policy which wete recommended to the Boatd and the same vr'as accepted by

the Boatd of Ditectors and the same ate available on the vzebsite of the company.

NOMINATION AND REMUNERATION COMMITTEE

Pursuant to the provisions of Section 178 of Companies Act,2013 a Comrnittee of dre Board ofDitectors has been constituted and called as 'Nominatioo and Remunet4tion Cornmittee"'

Nomination and Remuneration Committee formulated Nomination aad Remunemtion policy

rvhich was recommended to the Board and the same v,as accepted by the Board of Dkectors.

STAKEHOLDER REI.ATIONSHIP COMMITTEE

Since the company has resolved to get our securities )isted on the stock exchange out comPany tcompliance oi th. ptorririott of J-re Companies Act,2013 and regulation of Secudues-aod

E*"iatg. Board of india (I-tsting Obligations I nd Disclosute Requirements) Regulatrons' 2015

the board has formulated a Stakeholder Relatlonship Committee'

19.

Powerlul Technologies Limited

N

Nature of Director

Powerf ul Technologies Umited

> r__/-1_-/

.I

r/

S.No, Nature of Directot Status Nature of Directotship

,| Ankrt Jain ChaitmanNon-Executive& Independent

Directot

2 Gaurav DLit MemberNon-Executive & Independent

Dtector

3 Aditya Gupta N{ember Manasins Director

S.No. Nature of Ditector Status Natute of DitectotshiP

"l Ankit Tatr ChairmanNon-Executive& IndePendent

D ector

2 Gaurav Dixit MemberNon-Executive & IndePendent

Dkector

3 I(aruna Chhabra Membet Non-Executive Director

-I

20. POLICY ON DIRECTORS' APPOINTMENT AND REMUNERATION ANDOTHERDETAILS

Pursuant to the provisions of *re Companies Act, 2013, the policy on nomination andremunetation of Dfuectots, Key Managerial Personnel ffMP), Senior Managemeflt and otheremployees of the Company had been formulated by the Nomrnatron and RemunerationCommittee of the Company and was approved by the Board of Directors and the same isavailable on the website of the Company

21, RISK MANAGEMENT POLICY

The Company has adopted a risk management plan to identift, evaluate business risks andopportunities as per proyisions of *re Companies Act,2013. The Board ensures transparencyactoss the otganizatton to minimize adverse impact on the business objectives. The Boardensures effective Risk Management and evaluates dee risk management periodically. RiskManagement Policy is available on the website of the Company.

22, DIRECTORSAND KEY MANAGERIAI PERSONNEL

Aonointments:

Pwsuaflt to the ptovisions of Section 149,752 znd schedule fV ofthe Companies Act,2013 andany other apptcable provisions, if any, of the Companies Act,2073 read with the Companies(Appointrnent and Quatfication of Directors) Ru1es, 2014.

Itdr. Ankit Jain and L4r. Gautav Dlrit have been appointed as the Independent Directors of thecompany who have given their declaration that they meets the criteria of Independence as laiddown under secnon 149(6) of the Companies Act,20!,3 aod that they do not have any pecuniarytelationship ot transactions u,ith the Company.Following are the Key Managerial Personoel, who were appointed during the ftnancial yezrendrng 31't March, 2018:

S.

No.Name of Key ManagerialPetsonnel

Designation Effective date offe-aDpointment

Period

7. Aditya Gupta Managing Director 01" March, 2018 5 yeats

2. Pallavi Sharna Chref FinancialOfficet

01., March, 2018 NA

J. Aagat Singh Company Secretary 01"t March, 2018 NA

]r,fu. Aditya Gupta is liable to retire by rotation at the ensuing Annual General Meetrng and being

eJigible has offered himself fot re-appointrnent. The Boatd recommends his re -appointment.

23. SHARECAPITAL

A) Authorized Canital:

During the ftnancial year under review, the authorised caPilal has been increased twice:

1. From Rs. 25,00,000 (Rupees Trventy-Five Lakhs only) consisting of 2,50,000 Equity

Shares of face value of Rs. 10/- each was increased to Rs. 7,00,00,000 (R'upees Seven

Ctore only) consisting of 5,00,000 Equity Shates of face value of Rs.10/- each afld

65,00,000 Prefetence Shares of face vaiue of Rs.10/- each pursuant to a resolution of

the shareho.lders dated Octobel 03,2077 and ftom Rs. 7,00,00,000 S.upees SevenCrore or y) consisting of 5,00,000 Equity shares of face value ofRs. tO/_ izchand

2. Ftom 65,00,000 Preference Shates of face value ofRs.10/- each was re- classifred toRs. 7,00,00,000 S.upees Seven Crore only) consisting of 70,00,000 Equity Shares offace value of Rs. 10/- each pursuant to a resolution of the shateholde* dui.d;"r*ry15,2018.

B) Issued. Subscribed & Paid - up Capital:

Durhg the hnancial year under review, your Company raised its capiral follou,,iflg times:

1. Bonus Issus of 12600000 Equity Shares of Rs. 10 each in ratio 6:7 on 25h Jxliuary,2017.

2. Issue of 3,900,000 Preference Shates ofRs. 10 each on 03d October,2017.3. Issue of 2,600,000 Prefetence Shares of Rs.10 each on 20d Novembet,2077.4. Conversion of Prefetence Shares ofrnto 371,429 Equity Shares at Rs. 175 per shate.

24. PARTICULARS OF EMPLOYEES

There is no ernployee, who is being paid remuneration in excess of limits specihed under Rule 5of Comparues(Appointrnent and Remuneration of Managedal Personnel)Rules, 2014.

25. DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANYON IT CORPORATE SOCIAL RESPONSIBILITY INITIATTVES

I(eeping in view t.l.re limits set out in Secdon 135 of the Compaoies Act, 2013 Company hasfotmulated a Corporate Social Responstbility PoJicy which is available on the website of theCompany.

26. DEPOSITS

During Frnancial year under review, your Company hasunder Section 73 and Section 74 of the Companies(Acceptance of Deposits) Rules, 2014.

not accepted any deposits from publicAct,2013 read with the Companies

27. STATEMENT ON COMPLIANCE OF SECRETARIAL STANDARDS

The Company has complied with all the Secretarial Standards.

PREVENTION qF SEXUAI HARASSMENT AT WORruLACE

The Company is committed to provide a safe and conducive work enviionment to its employeesand the Board has formulated a Sexual Harassment Policy which is also available on the webs.ite

of the Company.

Your Directors frrrther state that duting the year undet teview, there wete no cases hled putsuantto the Sexual Harassment of Women at Workplace (Ptevention, Prohibition and Redressal) Acg20"13.

Powerful Technologies Limited imitecl

I

29.

Date: 01" June, 2018

Place: Delhi

30.

FAMILIARIZATION PROGRAM

The Company has frarrled, a Famltanzation Program for the Independent Directors to famsltaizethem with the overall struchrre and working of the Company. Further, Familiarization ProgramPolicy is available on the website of the Company.GENERAL

Yout Directots state tlat no disclosute or reportiog is tequired in tespect of the following itemsas thete were no transactions on these items during the financial year undet teview:

1. No significant or material orders wete passed by the regulators of courts or tribunals whichwould impact the going concetn status and Companyt opetations in funrre.

2. Your Ditectors furthet state that dudng the frn artcial yeaf,, there were no cases filed pursuantto the Sexual Harassment of Women at Workptace (?revention, prohibition and Redressal)Act, 2013. Further, no frauds were reported to the Committee / Board of Ditectors dudngthe Financial Year 2017-2018.

3. Annual report of the company will be available on the website of the Company flXreb:hLro: / /oowerfultech.inlhome )

ACKNOWLEDGEMENT

Yout Directors place on recotd thefu appreciation towards all business associates andbankers for thefu continued support and confidence.

For and on behalfof the Board

31.

Director(Nitin ChDirectorDIN: 02921204

i .?'i,',: " Po"eff'lJechnologies !i+it"ato*anul rechnologies Limited

(Aditya Gupta)Managing DirectorDIN:03500941

vI

Annex une - A

FORM NO. MGT 9

EXTRACT OF ANNUAL RETURNAs on finaxci?iyei r erdcd on 31,03,2016

Pursuanr to Secrion 92 (3) ofthe Companies Act,201j alld mlc l2(i) ol dre Compary (Management & Administration) Rules,2014.

!

{iatcgory/ Sub-carcgory of thc Company

G l, Prakaslr Chambcr Ground Flooa 6 Neraii Subash Marg, Darya Ganj, Dclhi-Address ofthe Registered office & contact dctails

E 4,Jhandew.rhn Extension, Jhandewalarr Nc,rr' Delhi, Delhi 110055Nrme, Address & contact details ofthe Rcgistrar &

or more of the totxl hrmovcr of thcto total tumovcr of theNamc and Description of main products / servrces

Name and address ofthc Company

Share

Category of Shareholdcrs No. ofShares hcld at the begimring ofthe year

[As on 01-,\pril-2017]

No. ofShares held at the md of the yeat

[As on 31-lr'Iarch-2O18]

% Changc duringthe ycar

Dcmat Physical 'lbtal % of'l'otalSharcs

Dc,nat l']hysical 'l'ot %ofTotalShares

1) Indiara) Individur / FIUIr NIL 210,000 210,000 100.00% 1,467,000 NII, 1,467,000 '79.6',7% 20 33

, CLntral Govt NII, NIL Nll- NII, NII, NII, NIL NIL N]L

c) State Govtl NIL NlL NII, NII, NII- NIL NIL NIL NIL

d) llodies Corp. NI]- NIL NII- NU- NIL NII, NII, NII- NIL

e) Banks / I.'l NlL NIL NIL N - NIL NIL NIL NIL NIL

0 Any other NII, NIL NIL NIL NII- NIL NIL NIL NtL

sub Total (A) (: NIL 210,000 210,000 100.00% 1,467,000 NIL 1,467,000 79.61% 20 33

(2) Foreisna) NRI Irdividuals NIL Nu. NI]- N[- NIL NIL NII, NII, NIL

Other Intlividuals NII- NII, NII, NII, NII, NII- NIt- NIL NIL

c) Bodjes Corp. NII, NIL NII, NII, NII, N.IT, NII, NII, NIL

d) Any odrcr NII, Nlt- NII- NII- NII, NII, NII- NIL NIL

sub Total (A) (2) NII- NIL NIL NIL NIL NII, NIL NIL NIL

TOTAL (A) NIL 210,000 210,000 100.00% 1,467,000 NIL 1,467,000 19.61% 20 33

B. Public Shareholding

1, Institutioflsa) Mutual Fuflds NIL NIL NIL NII- NIL NII- NlL NII- NIL

b) Banls / F'l NII- NIL NIL Nll- NIL NII, NIL NIL NII,

c) Central Go!'t NII, NII- NII- NII- NII, NIL NIL NIL Ntt.

d) State Gov(s) NIL NIL NIL NIL NIL NII, NII- NIL NIL

e) \renrutc Capital Furds NIL NIL NIL NIL NIL NI], NII- NIL NII-

NI1- NlL NIL NIL NII, NIL NIL NIL NTI,

f) Insurance Compames NII, NII, NIL NlL NI], NII- NII, NIL NIL

l,-IIs NIL NI], NIL NII, NIL NII- NII- N]L NII,

I. REGISTRATION & OTHER DETAIIJ:

)n Datc 26 /02/201s3 Name ofdte Company ]'(]WERFUI,']'FCI I\(lI,OC I I JS LINIITED

1 Companv limited bv Shares

Non-sovt comDafly

5

6

1

L

t

Sub-rotal (B)(1):- NIL NIL NIL NIL NIL NIL NIL NIL NIL

2. Non-Institutionsa) Bodics Corp

i) India;r NIL N]L NIL Nlt, 3,000 NIL 3,000 0.160k 0.16ii) Overscas NII, NIL Nn. NII NII- NIL NIL NIL NILb) Individuals

i) Indridual sharcholdersholding nominal share

capitat upto Rs. 1 lal.l1

NIL NIL NII- N1I, NI], NIt- NII- NII, NII,

ii) Lrdiudual shareholders

holding nomrnal sharecapital in excess ofRs 1

hkn

NIL NU, NlL N[_ NIL NII, NI]- NII, NIL

c) Others (spccii,)

Non Resident Indians NIL NI]- NII- Nlt, 37L,129 NII- 3',71,429 20.17% 20.17Overseas Corporate Bodies NII, NII, N11. NIL NIL NT], NIL NII- NII,

NII, NIL NIL NIL N]I, N]I, NIL NIL NIJ-Foreign Nationals NII, NIL NIL NIL N]L NII- NIL NIL NI],Clearing N{embers NIL NIL NIL NIL NIL NIL NIL NIL NILlrusts NI], NIL NIL NIL NII- NII" NIL NII, NII-ForeignBodies,Dlt NII, NIL NII, NIL NII- NIL NIL NIt, NILSub-total (B)(2)r NIL 210,000 210,000 100.00% 314,429 NIL 374,429 20.33Vr 20.33Total Public (B) NIL 210,000 210,000 100,00yo 374,429 NII- 374,429 20.33% 20.33C. Shares held byCustodian for GDR.s &ADRr

NIL NIL NIL NIL NIL NIL NIL NIL NIL

Grand Total (A+B+C) NIL 210,000 210,000 100.00% 1,841,429 NIL 1,841,429 100.00% NIL

ofPromoterSN Sharcholdcr's Namc Shareholdrng at the bcginning of the

yL'x,t

Shareholdingat the end ofrhe year % change inshareholding

during the year

No, ofShares

'h ot totalShares of

thccomPafly

% of Shares

l'ledged/

to totdshares

No ofSharcs "/o o( totShares of the

comPany

% ofShares

Plcdgcd /

ed to toral

1 Karuna Chhabra 107,100 5100% NIL 7 40,55',7 40.22% NI], 10.78%

2 tya Cupta 102.900 49 00% NII, 726,013 39 43% NIL 957%3 Nitin Chhabra NII, NII- NII- 100 0.01% NII- 0.01%

4 Ramesh Chandcr Chhabra NII- NIL NII, 100 0.01% NIL 0 01%

5 Krishna Chhabra NIL NIL N]I, 100 0 01% NIL 0.01%

6 Lalit Kumat Gupta NIL NIL 100 0.01% NII. 0.01%'I otal 210,000 100% NIL 1,467,000 '79.67% NIL 20.33%

SN Particulars Sharcholding at the begilning of thcveal

Cumulativc Shareholding duing the 1'ear

No ofshares oh of totashares

No ofsharcs % of total shares

At the besnmns of thc 10'7 10t 51.OO% 107.10C 51.00%

Change during the year

21 / 11/201'7 Iransfer 1 04! 106.051

20 /01/201A Iransfer 1.80C 104.251

25 /02 /2018 Bonus 636.30( 740,55i

thc end of the year 40 2201 740.551

2

Le beeininq of the 1 49.00"/,

Change during the ycar

017 1.04t.

2018

1.60( 102

623, 726.042

At the cnd ofthe year 726,04 39.43't '726.042 39

L

tha, D;ncton, Pnnzlen alirl Halden ofCDP: a

At the end of&e year i00 o o10/, 100 0 01%Ramesh Chander ChhabraAt the begining of thc NIL NII NIL NILChanee durifle tho ycar 20/o1/2018 Ttansfer 100 0.010 100 0 01voAt the end ofthe vcar 100 0.o1a/a 100 0.0104

Ar thc bqidrs of the NIL NII NIL NIIChanac ,luring the veff 20 /01/2018 'I ransfcr 100 0 01% 100 o.o10hAt thc end ofthe year 100 0.01% 100 0 01%

6

At the beqlninq of the NIL NII- NII, NI1,Chanec du.ine the vear 20 /0r /2018 Transfer 100 o.olvo '100 0.01%At the end ofthc vear 100 0 01% 100 0.010h

(iv) Shareholding Pattem oftop ten Shareholders

acc cd but not due for Paymmt

Parcrculars Secured Loans excluding

deposlts

Unsccwcd lnans Deposits Total lndebtedncss

Itrdebtedness at the beginning of dre financial year

r PrincipalAmouflt 55,212,411 .00 5,500,000 00 60,'712,411.00

Intcrcst due but not PAid

SN For each of the'l'op 10

sharcholdersDatc Shareholding at the beginniag of the Cumulahve Sharcholdmg dunng thc year

No ofshares oh of roralsharcs

No. of shares % of total shares

1

NII NII'l'mnsfcr 3.000 0-t60/r 3 000

t thc cnd oftLe vear 3.000 o-t6% 3.000 o.1,601

lVinod Kumar Baldev Mohindtat the beeinins ofthe NII NII NII NII

Changc duing the year 2s 10212018

Conversion:fPreference

Shares intoEqulty

371,42t 49 00"1 371,44 49.00%

At the cntl of thc 1ex 311 1',7142t 49 0001

SN Sharcholding of each

Directors and each KeyIt{aaagcdal PersonncJ

Date Sharcholdrflg at the beginning of theyear

Cumulative Shareholdrng during thc yor

No. of sharcs % of total

shares

No. ofshares % of total shares

ne of the 51 00%

Change during thc ycar

1 01!

2018 104.2

636.30(

At the enrl of the vear 740.55; 40.220/r '7 40.55i 40 2m2

t thc besinrnP of thc 102.90t 4 102.90i 4

Change during the year21/11/2011 lransfer 1.049 103,949

2018 1.60t

2018 623 694'726 04: 39.42 394

of the NII NII NII NII19 the ycar 20 /0112018 'Iransfer 10( o.0101 10( 0.01o/t

At the end ofthe year r0( 0 0101 10t 0.01"1

Ar thc bcginning of the NII NII NII NIILaflgc during the ye^r 20 /0112018 Transfer 3,000 0.16't 3.000 0.16"1

At the end ofthe vcar 3.000 0.160/. 3,000 o.16%

Change in Indebtedness during the linarcial year12,386,210 00 12.386.210.00

+ Reducton 5,500,000.00 5,500,000.00

Indebtedness at the end of th€ financial year

67.598.621.00 28,133,656.00 95,132,21',7 00

ii) Interest due but not pard

Interest accrued but not due

(a) Salary as per provisions contarned io section 17(1) of

s 17(2) Iocome tax Act. 1961

(c) I'ro6ts in lieu of salary uodcr scction l7(3) tncomc- tax

B. Remuaeration to othcr Dircctors

SN. Particulars of Remuneration Name of Directors Total Amounl

0rs/I.ac)

1 Indcpcndcot Directors Ankit Jain Gaurav Dixit

Fec for attcnding boatd committee 30,000.00 30,000 00

Commrssion

Others. please spccift'fotal (1) 30,000.00 30,000 00

2 Other Non-Execurivc Directors

Fee for attending board committce

Commission

Othcrs, please speciil]'otal (2)

'tbtal (B)=(1+2) 30,000 00 30,000 00

Toral Nlanagerial Rem uneration 30,000 00

Overall Ccilins as per the Act

Particulars of Rcmuneralon Nnme

Income- tax Act, 1961

ofPenatty / NCL Appeal made, if any (give

Details)Sectio

COURTI

L

SN. Particulars of RemuneraEon Namc of luD/wl D/ N{anac'er

0rs/I-ac)Dcs -A.ditya Gupra Nitin Chlnbra

150000 300000

.ock OpEon

,eat ljquitv

4

Comrnission

- aso ofpiofit- others- sDecifi,

5

Total

Ccilins as per the 150000 150000 300000

SN,Aaoat Sinuh fits/Lac)

I)cs CEO CS

1 262/J0 101

(a) Salary as pcr provisions colltahed rr

section 17(1) of the Income-ta-\ Act

Value of pcrquisites u/s 17(2)

4

Commission

' as % ofprofrt- others. soecifr

575000 26200 lU12

Date: o1/06/2018Placel Delhi

Add: House No-529

SecLor-2C, VasundhraGhazlabad-201001

DIN:03500941

Add: F-301,Bha$iawa! APPtts'

MaY-rr Vihar Phase- 1

Delhi 110091

DIN: 02921204

Annexure-B

FOR.trI NO. AOC -2

(Pursuant to ctause (h) of sub-section l3l of sectlon 134 ofthe Act and Rule 8(2)of the Companies (Accounts) Rules,2O14.

Form for Disclosure of particulars of contracts/arrangements entered into by thecompErry with related parties referred to in sub section (1) of section 188 of theCompanies Act, 2013 including certain arm's length transaction under third provisothereto.

1 Details of contracts or affangements or transactions not at Arm's length basis.

S. No. Particulars Detailsa) Name (s) of the related party & nature of relationship NIL

b) Nature of contracts/ arrangements/transaction NILc) Duration of the contracts/ arrangements/transaction NILd) Salient terms of the contracts or arrangements or

transaction including the value, if anyNIL

e) Justifrcation for entering into such contracts orarrangements or transactions'

NIL

f) Date of approval by the Board NIL

c) Amount paid as advaaces, if any NILh) Date on which the special resolution was passed in

General meeting as required under frrst proviso tosection 188

NIL

2. Details of contracts or arraigements or transactions at Arm's length basis.

S. No. Particulars Detailsa) Name (s) of the related party & nature of relationship Pioneer

ComputronixPrivateLimited

b) Nature of contracts/arrangements/ transaction Sale

c) Duration of the contracts/ arrangements/transaction NA

d) Salient terms of the contracts or a.rrangements or

transaction including the value, if alyNA

e) Date of approval by the Board NA

f) Amount paid as advances, if anY NA

S. No. Particulars Details

a) Name (s) of the related party & nature of relationship VaclineTechnologiesLimited

b) Nature of contracts/ arrangements/transaction Rent

c) Duration of the contracts/ arrangements/trarrsaction NA

d) Salient terms of the contracts or arrangements or NA

tralsaction includilg the value, if anye) Date of approval by the Board NA

4 Amount paid as advances, if any NA

By Order of the Board

Date: Ol/06l2OL8Place: Delhi

Adttya GuptaDirectorDIN:035O0941Add: F-301, Bha$/awanApptts. Mayur Vihar Phase-l Delhi 110091

PIONEER COMPUTRONIX

Fr'.,,e''., . ',i': i'.r iogissiircifer*

Nitin ChhabraDirectorDIN:02921204Add: House No-529 Sector-2C, Vasundhra Ghaziabad-201001