RAIASTHAN SHRAM SARATHI ASSOCIATION CIN: U9 I 39, …

RAIASTHAN SHRAM SARATHI ASSOCIATIONCIN: U9 1990RI2007NPL02487 I

39, KRISHNA COLONY, BEDLA ROAD,

UDAIPUR.313 OO4

ANNUAL REPORT = 2017-2018ASSESSMENT YEAR = 2018-2019

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the Eleventh Annual General Meeting of the company Raiasthan ShrarnSarathi Association, will be held on2 I SEP 206t9, at 01.00 p.m. at its registered office- 39,

Krishna Colony, Bedla Road, Udaipur, Rajasthan 313004 to transact the following business:

A, ORDINARY BUSINESS1. To consider and adopt Annual Accounts for the period ended March 37,20L8.

2. RESOLVED that pursuant to the provisions of Section 139 and 142 and other applicableprovisions, if any of the Companies Act, 201,3 read with the Companies [Audit and Auditor) Rules,

2074, as may be applicable and pursuant to the recommendation of the Board of Directors, M/s. C. L.

0stwal & Co., Chartered Accountants (Firm Registration Number. 002850C), be appointed as StatutoryAuditors of the Company from the ensuing Annual Genal Meeting till the conclusion of Annual GeneralMeeting to be held in 2023 subject to ratification at every Annual General Meeting.

B. SPECIAT BUSINESS

1. Any other matter with the permission of the chair.

By order ofthe Board of Directors

For Raiasthan Shram Sarathi Association

'&+Rajiv KhandelwalDirectorDIN:01048717

jvt-]itendra |ainDirectorDIN:01240377

Note: A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend andvote instead of himself and such proxy need not be a member,

ENCLOSURE:

A copy ofannual accounts for the year ended on March 37,2078Auditor's reportDirector's reportProxy forms

1.

2.

3.

4.

Registered office:39, Krishna Colony,Bedla Road,Udaipur - 313004

Date: t4 AUG 2018PIace: Udaipur

By order Board of DirectorFor Raiasthan Shram Sarathi Association

,l,a^naiiv?tr'andelwalDirectorDIN:01048717

nu'fitendra fainDirectorDIN:01240377

DIRECTOR'S REPORT TO THE SHAREHOLDERS

To,

The MembersRajasthan Shram Sarathi AssociationUdaipur

Dear Members,

Your Directors have pleasure in presenting the Eleventh Annual Report together with theaudited Statement of Accounts of your Company for the financialyear ended March 31,2018.

STATI OF THE COMPANY'S AF'}-AIRS AND FUTURE OUTLOOKThe Company is engaged in the business to promote activities to income of rural and urbanlaborers, artisans and migrants and their dependent household, Provide relief to the poor byproviding micro finance services. There has been no change in the business of the Companyduring the financialyear ended March 31,20\8. During the year under review, your companyhas earned Net Profit after tax of Rs 25,64,032.20 /- (P.Y. Net Profit Rs.4,04,772.48/-).YourDirectors expect improved performance during the year.

DIVIDENDIn view of the planned business growth, your Directors deem it proper to preserve the resourcesof the Company for its activities and therefore, do not propose any dividend flor the FinancialYear ended March 31,2018,

TRANSFER TO RESERVES

During the year ended March 31,201,8 the amount transferred to Capital Grant, Revolving fundand Unutilized fund is Rs. 2,48,838, Rs. 68,33,100 and Rs, 17,05,618 respectively.

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FINANCIAT HIGHLIGHTS

Amt. In lakhs.

Particulars Year ended

March 31,2078Year ended

March 31,2017

Sales 229.45 1,72.89

Other Income 2.38 0.85

Profit Before Interest, Depreciation & Tax 46.23 34.52Interest 1.9.48 7.77

Profit/Loss Before Depreciation & Tax 26.75 26.75Depreciation 1.11 0.71

Profit/Loss Before Tax 25.64 25.34Provision For Tax 0 0

Profit/Loss After Tax 25.64 4.05Add/Less: Previous Year Adjustment 0.00 0,00

Less: Provision For Deferred Tax 0.00 0,00

Balance Carried To Balance Sheet 25.64 4.05

SHARE CAPITALDuring the year under review, the Authorized Capital remained unchanged i.e, Rs, 100,000/-

and Issued, Subscribed and Paid-up Capital were remained unchanged i.e. Rs' 100,000/- which

are fully paid-up,

STATUTORY AUDITORSRESOLVED that pursuant to the provisions of Section 139 and 1,42 and other applicableprovisions, if any of the Companies Act, 2013 read with the Companies [Audit and Auditor)Rules, 2014, as may be applicable and pursuant to the recommendation of the Board ofDirectors, M/s. C. L. Ostwal & Co,, Chartered Accountants (Firm Registration Number. 002850C),

be appointed as Statutory Auditors of the Company; flrom this Annural General Meeting till the

conclusion of the Annual General Meeting to be held in the year 2023 subiect to the ratificationat every Annual General Meeting.

FURTHER RESOLVED that the remuneration of the Statutory Auditors may be' lixed by the Board

of Directors in consultation with them.

M/s, C, L. Ostwal & Co., Chartered Accountants (FRN: 002850C), have given their consent and

have confirmed that their appointment, if made, shall be within the limits prescribed under the

Companies Act,2013 and that they are not disqualified for such appointment within the

meaning of Section L39 and other applicable provisions of the Companies Act, 2013 read withCompanies (Audit and Auditors) Rules,2014.

The Board recommends the appointment of M/s C. L. Ostwal & Co., Chartered Accountants, as

Statutory Auditors of the Company for financial year 2017-1,8, to the members at this Annual

General Meeting.

AUDITORS'REPORTThe observations of the StatutoryAuditors, when read togetherwith the relevant ltotes to

the accounts and accounting policies are self-explanatory.

DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMP)In view of the applicable provisions of the Companies Act, 2013, the Company is notmandatorily required to appoint any whole time KMPs.

MEETINGS OF THE BOARD OF DIRECTORSDuring the financial year ended March 3L,20L8, the no, of Board Meeting held are as under:

S. No. Date of Meeting Number of Directors tobe present

Number of DirectorPresent

01 May 22,2077 07 02

02 August 12,20t7 07 06

03 September 28,20L7 07 02

04 November 02,20L7 07 02

05 December 05,2017 07 02

06 February 06,20L8 07 04

07 March 1,1,2018 07 02

EXTRACT OF ANNUAL RETURNThe extract of Annual Return in form MGT-9 as required under Section 92 of the Companies Act,

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-

2013 f,or the financial year ending March 31,,201,8 is annexed hereto as Annexure A and forms

part ofthis report.

LOANS, GUAMNTEES AND INVESTMENTSDetails of Loans, Guarantees and Investments covered under the provisions of Section 186 of the

Companies Act, 2013 are given in the notes to the Financial Statements.

RELATED PARTY TRANSACTIONSAll related party transactions that were entered into during the financial year ended March 31,

2077 were on an arm's length basis and were in the ordinary course of business. Therefore, the

provisions of Section 1BB of the Companies Act,2013 were not attracted. Further, there are no

materially significant related party transactions during the year under review made by the

Company with Promoters, Directors, Key Managerial Personnel or other designated pcrsons

which may have a potential conflict with the interest of the Company at large. Thus, disclosure in

Form AOC-2 is not required.

CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION AND FORFIGN EXCHANGE

EARNINGS & OUTGO:A. Conservation of Energy, Technology Absorption

The particulars as required under the provisions ol Section 13a(3) (m) of [he Companies Act,

20L3 in respect ofconservation oFenergy and technology absorption have not been furnistred

considering the nature of activities undertahen by the company during the year under review.

B. Foreign Exchange Earnings and Outgo

Particulars In Foreign Currency In INR

Earnings 0.00 0,00

0utgo 0.00 0.00

RISK MANAGEMENTRisk Management is the process of identification, assessment and prioritization of, risks followed

by coordinated efforts to minimize, monitor and mitigate/control the probability and/or inrpact

of unfortunate events or to maximize the realization of opportunities. The major risl<s have' been

identified by the Company and its mitigation process/measures have been formulated in the

areas such as business, project execution, event, financial, human, environrnetlt and statutorycompliance.

DEPOSITSThe Company has not accepted any deposits as per the Companies Act, 2013 during the yearunder review.

DIRECTORS' RESPONSIBILITY STATEMENTPursuant to Section 134(5) of the Companies Act, 2013 the Board of Directors of the

Company confirms that-

(al In the preparation of the annual accounts for the year ended March 31',201'8, the Cornpanyhas followed the applicable accounting standards and there are no material departuresfrom the same,

tb) The Directors have selected such accounting policies and applied them consistently and

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(d)

(e)

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made judgments and estimates that are reasonable and prudent so as to give a true andfair view of the state of affairs of the Company as at March 3L,2018 and of the profit and

loss of the Company for that period;

(c) The Directors have taken proper and sufficient care for the maintenance of adequate

accounting records in accordance with the provisions of the Companies Act, 2013, forsafeguarding the assets of the company and for preventing and detecting fraud and otherirregularities;

The Directors have prepared the annual accounts on a'going concern' basis

The Company being unlisted, sub clause (e) of section 134(5) of the Companies Act, 2013pertaining to laying down internal financial controls is not applicable to the Company; and

The Directors have devised proper systems to ensure compliance with the provisions of allapplicable laws and that such systems are adequate and operating effectively,

ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE. TO FINANCIALSTATEMENTSThe Company has in place adequate internal financial controls with reference to financialstatements. During the year under review, such controls were tested and no reportable materialweakness in the design or operation was observed.

MATERIAL CHANGES AND COMMITMENTSNo material changes and commitments affecting the financial position of the Company occurredbetween the end of the financial year to which this financial statement relates and the date ol'

this report.

DETAILS OF SUBSIDIARY. IOINT VENTURE OR ASSOCIATE COMPANIESThe Company does not have any Subsidiary, joint Venture or an Associate Company.

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS.

COURTS AND TRIBUNALSNo significant and material order has been passed by the regulators) courts, tribunals impactingthe going concern status and Company's operations in future,

DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION.PRoHIBITION & REpRESSAL) ACT.2O13The Company is committed to provide a safe and conducive work environment to its employees.During the year under review, no case of sexual harassment was reported.

coRpoRATE socrAL REsPoNSrBrLrry (csR)During the year, CSR compliante was not applicable on the Company,

TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUNDThe Company did not have any funds lying unpaid or unclaimed for a period of seven years,

Therefore, there were no funds which were required to be transferred to lnvestor Education and

Protection Fund (IEPF).

CHANGE OF BUSINESS AND NAMEDuring the year under review, there was no change in the name and nature of business of thecompany.

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ACKNOWLEDGMENTYour Directors would like to express their sincere appreciation for the assistance and co-

operation received from the financial institutions, banks, Government Authorities, customers,

vendors and members during the year under review. Your Directors also wish to place orr record

their deep sense of appreciation for the committed services by the Company's executivcs, staff

and workers.

By order of the Board of Directors,For Raiasthan Shram Sarathi Association

'%ryRaiiv KhandelwalDirectorDIN:01048717

Place: UdaipurDate: 24 AUG 2018

-Jp{'H-]itendra fainDirectorDIN:01240377

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C. L. Ostwal & Co.Chartered Accountants

INDEPENDENT AUDITORS' REPORT

TO THE MEMBERS OF RAIASTHAN SHRAM SARATHI ASSOCIATION

Report on the Financial Statements

1. We have audited the accompanying financial statements of Raiasthan Shram Sarathi

Association ("the Association"), which comprise the Balance Sheet as at March 31, 2018, the

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

of the significant accounting policies and other explanatory information.

Management's Responsibility for the Financial Statements

2. The Association's Board of Directors is responsible for the matters stated in Section 13a(5) ofthe Companies Act, 2013 ("the Act") with respect to the preparation of these financial

statements to give a true and fair view of the financial position, financial performance and cash

flows of the Association 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, 2074. This responsibility also includes maintenance ofadequate accounting records in accordance'with the provisions of the Act for safeguarding of the

asseis of the Association and for preventing and detecting frauds and other irregularities;

selection and application of appropriate accounting policies; making judgments and estimates

that are reasonable and prudenq 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.

Auditors' ResponsibilitY

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

4. We have taken into account the provisions of the Act and the Rules made thereunder including

the accounting standards and matters which are required to be included in the audit report.

5. We conducted our audit in accordance with the Standards on Auditing specified under Section

143(10) of the Act and other applicable authoritative pronouncements issued by the Institute of

Chartered Accountants of India. Those Standards and pronouncements require that we comply

with ethical requirements and plan and perform the audit to obtain reasonable assurance about

whether the financial statements are free from material misstatement.

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

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

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

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

considers internal financial control relevant to the Association's preparation of the fi

224-225-226, A - Bloch Anand Plaza, Ayad Bridge, University Road, Udaipur- 313001Tel.: +91 2942429583 | Mobile;+9L98280 44800,+91,9867852776 | Web: clostwal.com

E-mail: [email protected], clostwalandco @rediffmail.com



To the Members of Raiasthan Shram Sarathi AssociationReport on the Financial StatementsPage 2 of3

statements that give a true and fair view, in order to design audit procedures that are

appropriate in the circumstances. An audit also includes evaluating the appropriateness of the

,.iornting policies used and the reasonableness of the accounting estimates made by the

Association's Directors, as well as evaluating the overall presentation of the financial statements.

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

basis for our audit opinion on the financial statements'

Opinion

8. In our opinion and to the best of our information and according to the explanations given to us,

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

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

accepted in India, of the state of affairs of the Association as at March 31, 2018, and itsprofit/loss for the year ended on that date'

Report on Other Legal and Regulatory Requirements

9. This report does not contain a statement on the matters specified in paragraphs 3 and 4 of 'the

Companies (Auditor's Report) Order, 2076'issued by the Central Government of India in terms

of sub-section (11) of section 143 of the Act as, in our opinion, and according to the information

and explanations given to us, the Order is not applicable in the case of the Association.

10. As required by Section 143 (3) of the Act, we report that:

(a) We have sought and obtained all the information and explailations 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 have been kept by the

Association so far as it appears from our examination of those books

(c) The Balance Sheet, the Statement of Profit and Loss, and the Cash Flow Statement dealt with

by this Report are in agreement with the books of account.

(d) In our opinion, the aforesaid financial statements comply with the Accounting Standards

specined und". Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules,

2014.

(e) 0n the basis of the written representations received from the directors as on March 31,

2018 taken on record by the Board of Directors, none of the directors is disqualified as on I{archgL,Z171from being appointed as a director in terms of Section 764 (2) of the Act'

FRN No.-0028s0c

I C. L. Ostwal & Co.Chartered Accountants


To the Members of Raiasthan shram sarathi Association

Report on the Financial StatementsPage 3 of 3

(0 With respect to the adequacy of the internal financial controls with respect to financial

reporting of the Associatior and the operating effectiveness of such controls, refer to our

separate Report in Annexure A.

tg) with respect to the other matters to be included in the Auditors' Report in accordance with

Rule 11 of the Companies (Audit and Auditors) Rules, 2074, in our opinion and to the best of our

knowledge and belief and according to the information and explanations given to us:

i The Association does not have any pending litigations as at March 37,2078 which would

impact its financial Position.

ii. The Association did not have any long-term contracts including derivative contracts as at

March 31,20L8.

iii. There were no amounts which were required to be transferred to the Investor Education

and Protection Fund by the Company during the year ended March 3L'2078'

For C. L. Ostwal & Co.

Firm Registration Number: 002850C

Chartered

CA Ashish OstwalPartnerMembershiP Number: 405273

Place: UdaipurDate: 24 AUG 2018


Annexure A to Independent Auditors' Report

Referred to in paragraph 10 (f) of the Independent Auditors' Report of even date to the members ofRajasthan Shram Sarathi Association on the financial statements for the year ended March 3L,ZOL}

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 ofthe Act

1. We have audited the internal financial controls with respect to financial reporting of RajasthanShram Sarathi Association ("the Association") as of March 3L,aOtB in conjunction with our auditof the financial statements of the Association for the year ended on that daie.

Management's Responsibility for Internal Financial Controls

2. The Association's management is responsible for establishing and maintaining internal financialcontrols based on the internal control with respect to financial reporting criteria established bythe Association considering the essential components of internal control stated in the GuidanclNote on Audit of Internal Financial Controls with respect to Financial Reporting issued by theInstitute of Chartered Accountants of India [CAI). These responsibilities include the design,implementation and maintenance of adequate internal financial controls that were operatingeffectively for ensuring the orderly and efficient conduct of its business, including adheience tIAssociation's policies, the safeguarding of its assets, the prevention and detection of frauds anderrors, the accuracy and completeness of the accounting records, and the timely preparation ofreliable financial information, as required under the Act.

Auditors' Responsibility

3. Our responsibility is to express an opinion on the Association 's internal financial controls withrespect to financial reporting based on our audit. We conducted our audit in accordance with theGuidance Note on Audit of Internal Financial Controls with respect to Financial Reporting (the"Guidance Note") and the Standards on Auditing deemed to be prescribed under section 143(10)of the Act to the extent applicable to an audit of internal financial controls, both applicable to anaudit of internal financial controls and both issued by the ICAI. Those Standirds and theGuidance Note require that we comply with ethical requirements and plan and perform the auditto obtain reasonable assurance about whether adequate internal financial conirols with respectto financial reporting was established and maintained and if such controls operated effectiveiy inall material respects.

4. Our audit involves performing procedures to obtain audit evidence about the adequacy of theinternal financial controls system with respect to financial reporting and theii operatingeffectiveness. Our audit of internal financial controls with respect to financial reporting includedobtaining an understanding of internal financial controls with respect to finincial ieporting,assessing the risk that a material weakness exists, and testing and evaluating the design anctoperating effectiveness of internal control based on the assessed risk. The procedures

I C. L. Ostwat & Co,Chartered Accountants


Referred to in paragraph 10 [f) of the Independent Auditors' Report of even date to the members of

Rajasthan Shram Sarathi Association on the financial statements for the year ended March 31, 2018

depend on the auditor's judgmeng including the assessment of the risks of material

misstatement of the financial statements, whether due to fraud or error.

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

basis for our audit opinion on the Association's internal financial controls system over financial

reporting.

Meaning of lnternal Financial Controls with respect to Financial Reporting

6. A company's internal financial control with respect to financial reporting is a process designed to

provide reasonable assurance regarding the reliability of financial reporting and the preparation

bf financial statements for external purposes in accordance with generally accepted accounting

principles. A company's internal financial control with respect to financial reporting includes

ihose policies andprocedures 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

Association; (2) 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 Association are being made only inicco.danc" with authorisations of management and directors of the Association; and (3) provide

reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use,

or disposition of the Aisociation's assets that could have a material effect on the financial

statements.

Inherent Limitations of Internal Financial Controls with respect to Financial Reporting

7. Because of the inherent limitations of internal financial controls with respect to 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, proiections of

any evaluation of the internal financial controls with respect to financial reporting to future

p.iiodr are subject to the risk that the internal financial control with respect to financial

ieporting may become inadequate because of changes in conditions, or that the degree of

compliance with the policies or procedures may deteriorate.

Opinion

8. In our opinion, the Association has, in all material respects,

controls system with respect to financial reporting and such

respect to financial reporting were operating effectively as at

internal control with respect to financial reporting criteria

an adequate internal financialinternal financial controls withMarch 3L,20L8, on the

\r7 lV:/ UDAIPUR: I FRN No.. l'*,Yloozesoc /8w

established by the tion


Membership Number: 40527 3

Place:UdaipurDate: f 4'AUG 2018


Referred to in paragraph 10 (f) of the Independent Auditors' Report of even date to the members of

Rajasthan Shram Sarathi Association on the financial statements for the year ended March 37'2018

considering the essential components of internal control stated in the Guidance Note on Audit of

Internal Financial Controls with respect to Financial Reporting issued by the Institute of

Chartered Accountants of India'


Firm Registration Number: 002850CChartered

CAAshish OstwalPartner

CIN: U91990RI2 007Np1024871

Balance sheet as at March 31. 2018Particulars Note

NoAs at March 3l,2OlB As at March 3]^,2Ot7

Details (Rs.) Amount (Rs.) Details (Rs.) Anrount [Rs.)Jr. EQUITY AND LrABrtirrEsI

IShareholder's Funds

I Share Capital

I Reserves and Surplus

I

I Non-Current LiabiliriesI Long-t.rrn borrowings

I Deferred Tax Liabilities [Ner)I

I Cr.."nt Liabitities

I Short Term BorrowingsTrade PayablesOther Current LiabilitiesShort Ternt Provisions

TorAL (A)

II. ASSETS

Non-Current AssetsFixed Assets

(i) Tangible Assers(ii) Intangible Assers(iii) Capital worl<-in-progress

Non-current investmentsother non-current assets

Current assetsLoans & AdvancesCash and Cash Equivalents0ther Current Assets

1

2

3

4

5

6

7B

9

1,00.000.002,04,79,256.43

2,O5,79,256.43

1,21,5s,476.00

1,62,12,296.A6

1,00,000.001,08,33,286.23

1.,09,33,286,23

48,09,046.50

1,09,25,240.7 u

1,21,55,47 6,00 48,09,046.50

1,62,1,2,296.86

3,00,000.00

1,06,25,?40.7t)

7,.16,862.-63 4,91,,620.09

4,89,47,O29.29 2,66,67,573.5L

7,16,862.63

95,22,379.35

3,87,07,787.32

4,91,,620.09

1,05,4 2,966.:i 9

1.,56,32,987.03

95,22,379.35 L,05,42,966.39

3,31,4L,573.6353,55,343.78

2,10,869.91.

1,32,11,,763.90

22,72,060.662,09,762.47

4,89,47,029.30 2,66,67,573.51

The notes are an integral part ofthese financial statements

For C, L. Ostwal &Chartercd Accounta tr{a


'%^,nalivffiaeiwalDireq(oro1048777

alv*f itendra fainDirector01240377Place: Udaipur

Date: t4 AUG 2018

CA t Eliish osrwatPartnerM. No.405273

CIN: U91990R12007NPL024871

The notes are an integral part of theie EniniialitiGmilts


PIace: UdaipurDatei 24 AUG 2018


'futRajiv KhfndelwalDirector01048717

aivc)itendra fainDirector01240377

Particulars NoteNo

For the year ended March 31, 2018 For the year ended March 31, 20'17Details (Rs.) Amount (Rs.) Details (Rs.) Amount IRs.)

IINCOME

I L R"uunu" from operationsltl. other Income

I toral Revenue (t +u)I

I

I EXPENSES:l--Ernployee Benefi ts Expense

I Financial CostsDepreciation and Amortization ExpensesOther Expenses

Profit before Taxation

Less: Provisiolr for TaxationDeferred Tax Liabilities/ (Assets)

Surplus during the year

Add:Unutilized grant of Previous yearContribution from Revolving Fund

Less:Transferred to Capital GrantTransferred to Revolving FundTransferred to Unutilized Fund

10

11t25

13

2,29,45,406.252,38,277.00

23t,a3,683.2s

L,38,22,470.14

1,12,89,418.0085,31 1.00

1,13,74,729.00

96,04,437.74

75,44,453.0020,07,1,99.33

1,11,183.4847,59,634.33

68,11,,471.00

8,11,903.8570,638.60

19,10,424.29

93,6t,213.71

0.000.00

17,70,291.26

0.00

0,00

93,61,273,11

19,90,375.780.oo

77,70,291.26

7,45,437.000.00

1,13,51,588.89

2,48,838.0068,33,100.00t7,o5,61,8.69

25,t5,728.26

43,640.0077,000.00

19,90,37 5.7 tl

l,roIrt& Loss account

25,64,032"20 4,04,7|'.t.48

MIASTHAN SHRAM SARATTII ASSOCIATIONCIN: U91990RI2007NpL024871Notes to financial statement for the year ended March 3]',2O].B

SHAREHOLpER'S FUND

A) Reconciliation of number of sharesThere is no change in the equity share capital in the current year as well as in the previous year

C) Right$, Preferences and restrictions atjached to sharesThe comilany has one class of issued equity shares having par value of Rs. 10 per share. Each equity shareholeris eligible for one vote per share held' The dividend proposea by the Board of Directors is subyect to theapproval of the share holders in ensuing Annual General Meetingexcept in case of interim dividend, In theevent of liquidation the equity shareholders are eligible to receiie the remaining assets of the Association.After distribution of all prefrential amounts in proportion to their shareholdings.

As at 31.03.2018 As at 31.03,201Z

Authorised Share Capital10000 Equity Shares ofRs. 10/- each[10000 Equity Shares of Rs. 10/- eachl

1,00,000.00 1,00,000.00

1,00,000.00

Issued & Subscribed Capital10000 Equity Shares of Rs. 10/- each (tulty paid up)(10000 Equity Shares ofRs. 10/- each (fully paid upJ)

1,00,000.00

1,00,000.00 1,00,000.00

Name Of The Shareholders No, Of Shares HeldJitendra JainRajiv Khandelwal

nita VishwanathK V GothamiSachin Sachdeva

Jaipal Singh KaushikRahul Ni

14001400140014001400

140/o

t4o/o

140/o

L4o/o

t4o/o

L4o/o

160/o

RESERVES & SURPLUS

As at 31.03.2018 As at 31,03.2017A. Capital Grant

Add: Addition during the yearClosing BalanceB. Profit and Loss Account0pening SurplusAdd: Net Profit after Tax transferred from Statement of p & LClosing SurplusC. Revolving Corous FundOpening BalanceAdd:Addition during the yearLess: Utilized during the yearClosing Balance

7,t5,664.002,48,838.00

6,72,024.0043,640.00

1.0,06,L22.23

25,64,032.206,01,409.754,04,712.48

35,70,754.43 10,06,L22.23

91,11,500.0068,33,100.00

0.00

75,34,500.0015,77,000.00

0.001,59,44,600.00 91,11,500.00

2,04,79,256.43 7,08,3',.t,28(t,23

NOTI - 2

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RAJASTHAN SHRAM SARATHT ASSOCTATIONClNi U91990R[2007NP1024871Notes to financial statement for the year ended March 3L, Z01g

CURRENT LIABII,ITIES

OTHER NON CURRENT ASSETS

LOANS AND ADVANCES

CASH AND CASH EOUIVALENTS

OTHER CURRENT ASSETS

NOTE.4

NOTE- 6

NOTE- 7

NOTE- 8

NO',tE- 9

Particulars As at 31.03.2018 As at 31.03.2017

A. Trade navables

B. Other Current Liahilities0utstanding LiabilitiesUnutilized GrantCurrent maturity of long term liabilities

Secured Loans

Unsecured LoansTOTAL (B)

C. Provisions

TOTAL (A+B)

0.00

60,91,7.1,7

17,05,618.69

1,34,87,081.006,00,000.00

0 .00

2,50,730.0079,90,37 51882,51,60 3.00

1,58,53,616.86 1,04,92,708.78

3,58,680.00 L,32,532.0A

1,62,t2,296.A6 t,o6,25,240.78

Particulars As at 31.03.2018 As at 31,.03.2017

A. Loan Portfoliol. Unsecured but considered good

Gross Loan portfolio outstanding end ofthe year(Long Term)Less: Provision for doubtful Debts

96,18,565.00-96,185.65

7,06,49,461.00-1,06,494.61

TOTAL IA] 95,22,379.35 1,05,42,966.39

Particulars As at 31.03.2018 As at 31.03,2017

Loan Portfolio

i, Unsecured but considered goodGross Loan portfolio outstanding end of the yearLess: Provision for doubtful Debts

TOTAL (A)

3,34,7 6,337 .00-3,34,763.37

7,33,44,610.00-1,33,446.1.0

3,3L,41,573.63 1,32,11,163.90

l. Balance With Scheduled BanksIn Current AccountIn FD Account

ii. Cash in Hand

rorAl (B)

24,02,614.7829,41,784.00

10,945.00

21,89,734.660.00

22,326.00

53,55,343.78 22,t2,060.66

i. TDS Receivableii. TDS Receivable from ECL Finance Ltd.iii. 0ther Advancesiv. Fee income receivable from Insurancev. Fee income receivable from NpS

rorAL (c)

TOTAL (A+B+C)

33,057.0232,499.00

1,44,624.53

689.360.00

17 ,7 63 .02

0.001,1.3,1,7 6.70

692.7578,1 30.00

2,t0,869.91 2,09,7 62.47

3,87,07,787.32 1,56,32,987.O3

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RAJ,ASTHAN SHRAM SARATHI ASSOCIATIONCIN: U91990RJ2007NPL024871Notes to financial statement for the year ended March 31,2018

REVENUE FROM OPEMTTON NOTE.lOAmount in Rs.

NO-I!:IL

NOTE.12

EMPLOYEE BENEFITS EXPENSE

FINANCIAI COSTS

ry -hy'-

ParticularsFor the year ended

March 3L,2018

For the yearended March 31,

2077

A. Revenue frorn OperationsInterest ReceivedLoan Processing FeesSale of Gullak & AccessoriesFee Income Through Financial Inclusion Activities (NpS)Fee Income Through Financial Inclusion Activities (lnsurance)Reimbursement FWWB-WED TrainingReimbursement Received from ABT

Total (A)

B. Revenue from GrantsGrant Received During Year

Total (B)

TOTAL [A+B)

68,98,440.004,90,187.001,14,775.00

0.00s,907.255,822.00

0.00

38,60,022.003,03,55 2.001,26,590.00

78,13 0.00

6,850.0013,689.0010,185.00

75,75,737.25 43,99,018.00

I,54,30,275.00 68,90,400,001,54,30,275.OO 68,90,400.00

2,29,45,406.25 L,L2,89,418.00


March 31,2018


20t7

Salary Including AllowanceStaff Cost - Program GrantsStaff Cost - Own FundsEmployee Welfare Expenses

TOTAL

58,74,741..0016,55,347.00

14,965.00

48,72,264.00L8,96,206.00

43,001.007 5,44,453.00 68,77,47 7.00


March 31,2018

For the yearended March 31

zo17

Bank ChargesInterest Paid

TOTAL

s9,346.33L9,47,853.00

35,131.3 s

7,76,772.50

20,O7,L99.33 8,11,903.85

MIASTHAN SHRAM SARATHI ASSOCIATIONCIN: U91990RI2007NPtO24871Notes to financial statement for the year ended March 3 1, Z 018

OTHER EXPENSES NOTE.13Amount in Rs.

For the year endedMarch 31,20L8


2017

Prograrn Expenses:Edelgive Foundation ProgramAB-HDF ProgramDalyan ProgramRockefeller ProgramSir Dorab fi Tata Trust ProgramPurvaj Advisors Pvt. Ltd. program

I 0verall Program Expenses

otal Program - Other Expenses (A)

Other Expenses - Borne By OrganizationCommunic3tion ExpensesOffice Maintainance ExpensesGullak & AccessoriesMason Advisory FeesPrinting & StationeryProvision for Bad DebtsProvision for Audit FeesSundry Debtors W/off (Adjusted excess proviston)

Professional and Other FeesRental & Overhead

rftware & Tech nology / Renewal Cost (Website & SoftwareJiscellenious Expenses

ndustry Meeting & Membership ExpensesInsurance Expenses of Vehicle

Total (B)

33,90,642.0623,16,040.00

5,33,481.052,97,673.983,25,257.00

17,70,000.00

28,4c),7 61.22

26,75,060.000.000.000.000.00

58,7 4,747.00

t,47,75L.

98,085,005,905.00

t,t2,91L.002,04,3t9.31

70,800.000.00

1,51,522.00

2,43,343.0029,680.68

8,659.2s67,436.00

1,48,965.002,60,783.007,09,322.00

8,385.0072,069.00

1,03,685.450.00

26,082.00

28,1,34.62

L4,00,687.24 12,57,867.07

19,70,424.29

UDAIPURFRN No.-0028s0c v -1a'H.-

Particulars

B6.33.Og4.OC 55.'24.82't.248.72.264.

27.58.953. 6,52,557.22

41.s9.634,

Rajasthan Shram Sarathi AssociationCIN: U9 1990RI2007NP102487 1Notes to financial statement for the year ended March 3l, ZO|B

Notes forming part of accounts

1. BACKGROUND

Rajasthan Shram Sarathi Association (the "Association") is a Non-Profit organization incorpgratedunder the provision of the Companies Act 1956. The Association was registered under Section 25 ofthe Companies Act, 1956 and currently under section B of the Companies Act 2013. The Associatiunis also registered under section B0 G and 12 AA of the Income Tax Act, 1961,

The Association is engaged in the micro finance activities which ensures financial inclusion olmigrant labourers and their dependent household.

2, BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared and presented under the historical cost conventior) onthe accrual basis of accounting and comply with the Accounting Standards specifiecl upcler secti,r'r133 of the Companies Act 20L3 read with rule 7 of the Companies (Account.s) Rules,2014, and inaccordance with Indian Generally Accepted Accounting Priniiples 1';caan") ,nd ,." in conformitywith mandatory accounting standards, as specified by the Institute of Chartered Accotintants ofIndia (lCAIJ.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of estimatesThe preparation of the financial statements in conformity with GAAP requires rnanagernent to make,estimates and assumptions that affect the reported balances of assets and liabilities lnd disclosuresrelating to contingent assets and liabilities as at the clate of the financial statements and repor.tedamounts of income and expenses during the period. Examples of, such estimates include provisionfor doubtful debts, future obligations under employee retirement benefit plans, income taxes andthe useful lives of fixed assets and intangible assets and provision for impairment ol fixed assetsand intangible assets.Management believes that the estimates used in the preparation of financial statements^ are prudentand reasonable. However, future results could clilfer from these estimates.

Cash and Cash EquivalentsCash and cash equivalents include cash in hand, demancl deposits with banks, other short-ter.mhighly liquid investments with originaI maturities of three rronths or less.

Fixed assets, intangible assets and capital work-in-progress

Tangible AssetsFixed assets and intangible assets are stated at cost of acquisition (net of refundable taxes & levies),less accumulated depreciation/amortization and impairments, if any. Cost includes taxes, duties,freight and other incidental expenses related to acquisition and insiallation. other pre-operertiveexpenses for major projects are also capitalized, where appropriate.

Capital work-in-progress comprises cost of fixed assets that are not yet ready for their intendecl use

3.

ll.

III.

Rt,1

at the year end.

-]dHc-

Rajasthan Shram Sarathi AssociationCIN: U9 t990RI2007NPL OZ4BZ lNotes to financial statement for the year ended March 3l, ZOLB

Intangible Assets

iv.

Intangible assets are carried at cost of acquisition less amortization. Intangible assets that arcacquired by the Association are measured initially at cost. Subsequent expenditure is capitalizeclonly when it increases the future economic benefits from the specif,ic asset to which it retates.

Intangibte assets are amortized in the Statement of Profit and Loss over their estimated Lrseful livesfrom the date they are available for use based on the expecterl pattern of consumption or economicbenefits of the assets.

Depreciation/Amortization

Tangible assetsDepreciation on Fixed Assets is provided to the extent of depreciable amount on the written clownvalue (wDV) Method. Depreciation is provided based on uieful life of, the assets as prescribed inSchedule II to the Companies Act, 2013,

ImpairmentThe Association reviews the carrying values of tangible and intangible assets, if any for any possihleimpairment at each Balance Sheet date. An impairment loss is recognized w-hen the iarryipgamount of an asset exceeds its recoverable amount. The recoverable aiount is the greater of netselling price and value in use. In assessing the recoverable amount, the estimated iuture cash flowsare discounted to their present value at appropriate discount rates. If at the Balance Sheet clatethere is an indication that a previously assessed impairment loss no longer exists, the recoverableamount is reassessed and the asset is reflected at the recoverable amount.

InvestmentsInvestments that are readily realizable and intended to be held for not more than a year ar.eclassified as current investments. All other investments are classified as long term investrnents.

Long Term Investments are stated at cost. Provision is made for diminution in value of investmentother than temporary.

Revenue recognitionInterest income from loan portfolio is recognized on accrual basis taking into account the ameuqtoutstanding and rate applicable except in the case of Non-performing Issets (NpA,s) where it isrecognized upon realization.

Income from business correspondent activities is recognized on accrual basis as per the terms ol.arrangement entered into with the Client bank.

Loan processing fees received upfront are considered to be accrued at the timc of entering into abinding agreement upon its receipt and are recognized as revenue immediately,

Interest on term deposit has been accrued on the time proportion basis, using the underlyinginterest rates.

capital Grant, Revolving Funds and other grants are recognized as Revenue in the year it isreceived' The unspent balance of thecapital and 0ther Grants and subsequently transferred toIiabilities at the year end. unutilized Revolvrng fund is transferred to Reserves an4 Surplus at theyear end.

v.

VI.

vll.

Borrowing CostInterest and other costs in connection with

the acquisition/constructionthe borrowing of the [unds to the extentof qualifying fixed assets are capitaljzed up ro

vlll.

related/attributed

fu- -arl'H./

Rajasthan Shram Sarathi AssociationCIN: U9 1990RI2007Np10 Z4BT 1,

Notes to financial statement for the year ended March 31, 201g

the date when such assets aiathe Statement of profit & Loss.

Employee benefitsa) short term employee benefits are recognized as an expense at the undiscounted am.unt in thcprofitandlossaccounto[theyearinwhichtherelatedserviceisrenderecl.

b) Long term employee benefits are not recognized in profit and loss account as hone of theemployee is eligible for long term benefits.

Current and Deferred taxTheAs.sociation is registered undersectior] B0 G and 12 AA of the lncome Tax Act, 1g61 and hence isnot liable to pay Income Tax under Income Tax Act, 1961. Accordingly, no direct tax plovisiol hasbeen recognized in the books ofaccount.

Contingent Iiabilitiescontingent liabilities are disclosed in respect of possible obligations that arise lrom past events burtheir existence will be confirmed by the occurrence or non-occurrence of one or more uncertai,future events not wholly within the control of, the company or where uny p."r.nt oniig.tinn cannotbe measured in terms of future outflow of resources or where a reliable estimate of ihe obligatir,cannot be made' A provision is made based on a reliable estimate when it is probable ti)at arroutflow of resources embodying economic benefits will be required to settle ,n ltrtigrtion ancl inrespect of which a reliable estimate can be made. Provision ii not discounted and is cletermineclbased on best estimate required to settle the obtigation at the year-end clate. Contingent assets arL.not recognized or disclosed in the financial statements.

Classification of portfolio Ioans

Loans are classified as follows:

"overdue" refers to interest and / or installment remaining unpaid from the day it becamereceivable.

The above classification is in compliance with Non-Banking Financial Company-Micro FinanceInstitutions (NBFC-MFIs) Directions, December 02,zoll,as amendeci from time to time.

xiii. Provision for loan portfolio

Provisions on portfolio loans (including other than microfinance loans) are made at the higher ofmanagement estimate or minimum provision required 3s per Non-Banking Financial coinpanyMicro Finance Institutions fReserve Bank) Directions, z0li. as amenrled frJm tin-,e to time.,l.hcManagement treats a loan overdue as soon as a scheduled installment is lailed.

All overdue loans more than 180 days from the date of expiry ol loan peri.d andthe management not recoverable are written off.

ix.

xl.

xu.

Rjt,1

Standard Assets Current Loan and overdue upto 90Non-Performing Assets Overdue from 91 days and more

nion ol

-?'H-

Rajasthan Shram Sarathi AssociationCIN: U91990RJ2007Np10 Z4B7 tNotes to financial statement for the year ended March 3r, zoLg

xtv.

xvl.

Capital Commitments

Capital expenditure yet to be incurred as on March 31,,2018

xv. Segment ReportingThe Association operates in a single business segment i.e. micro financing, which has similar risl<sand returns for the purpose of AS 17 on "segment Reporting" specif,ied under section 133 of thcCompanies Act, read with rule 7 of the Companies (Accounts) Rules, 201.4 anc) t;;ti;;;,";,(Accounting Standards) Amendment Rules, 2016.

The company operates in a singre geographical segment i.e. domestic.

Micro, Small and Medium EnterprisesThe Association has not received any'intimation from service providers regarding their statusunder the Micro, Srnall and Medium Enterprises Development Act, 2006. Basccl on availabl*information there are no details to be disclosed under the said Act.

Previous year figuresThe Firm has regrouped / reclassified the previous year figures to confirm to the current year,spresentation,As per our attached report ofeven date.

xvu.

For C. L. Ostwal & CoChartered AccountantsFirm Registration No. 00ZgS0C

CA Ashish OstwalPartnerMembership No.405273

Place: UdaipurDate:24

AUG 2o1B

For and on behalf of the Board of DirectorsRAJASTHAN SHRAM SARATH I ASSOCIAl'ION

'%)Rajiv KhandelwalDirectorDIN:01048717

Place: UdaipurDate:24

AUG 2o1B

1tH'f itendra f ainDirectorDIN: 0124037

Sr. Particulars Amount incurred tillMarch 3L,ZOLB

Amount yet to beincurred as on March?1 . ?.O1e

L Software License, customization,configuration & devices purchase

15,00,000 30,00,000

UDAIPURFRN No..

002850c

CIN: U91990RI2007NpL024871

S.No. Particulars Amount (Rs.)

1

2

3

45

6

7

JITENDRA IAINRA]IV KHANDELWALVANITA VISWANATHKV GOUTHAMISACHIN SACHDEVA

JAIPAL SINGH KAUSHIKRAHUL N. DUGGAL

TOTAL

14,000,0014,000.0014,000.0014,000.0014,000.0014,000.0016,000.00

1,00,000.00

Amount (Rs.)Friends Of WWB IndiaECL Finance Ltd.Micro Housing Finance Corporation Ltd.

TOTAL

26,45,990.0069,98,032.0018,11,454.00

L,L4,55,476.00

Pandim Consultan 7,00,000.007,00,000.00

Amount IRs.

7

2

3

Friends 0f WWB IndiaECL Finance Ltd.Micro Housing Finance Corporation Ltd.

TOTAL

50,43,7 66.0060,01,968.0024,41.,347.00

ParticularsPandim Consultan 6,00,000.00

6,00,000.00

y av'fte,x_\%

CIN: U91990RI2 007NpI,0ZaB71

LIST OF BANKS AS ON 31.03.2018

&r. nivi

Amount [Rs.

1

2

3

4

5

6

7

B

9

10

sBr-GG-610 43680729sBr-uDP-6107 6856639SBI- FCRA 61,153748529SBI-NPS-Life 61153 148450SBI-Sayra-6 1 3 184403 5 B

sBr - sL-6128952638LS B I - Bhab h r ana- 673 40ZSZ Lt7sBr- UDP-3 6459378279Kotak-UDP-581 199682SPay Near By Distributor Account

TOTAL

L,95,756.707,45,071,.641,,85,952.11

3,31,1,.45

28,042.007,28,77',J,.46

5,1,01.g0

8,821.254,57,084.00

44,762:2724,02,614.78

LrsT oF 0UTSTANpTNG LTABTLTTTES AS ON 31,03.2018

Swavalamban Pension SchemeInsurance Premium(Credit InsuranceJ

TOTAL

46,470.0014,447.17

60,9L7.L7

7

2-J4

5

6

7

B

9

10

1L

1,2

13

l3sk GogundaAnkir JainChena Ram GametiGogunda BranchKishan Lal GurjarLalit SutharRupal KulkarniSalumbar BranchPay Near by -BhabranaPay Near By- GogundaPay Near By- SalumbarShriram PadmanabhanVishnu Bunkar

TOTAT

10,000.002,541..00

4,000.006,544.00

145.006,500.00

58,826.0050,000.00

50.004,829.00

100,0016.5 3

1,073.00 i

L,44,624.53

5{ rn

w

I

I

I

S.No. Particulars Amount [Rs.)

3

6

CIN: U91990RI2007NpL02a871

Particulars

1,

2

3

4

5

6

EPF PayableESIC PayableTDS PayableAudit Fees PayableRent Payable to BrijlalIncentive PalrableBherulal MeenaDeepika GarasiyaDevilal MeenaMannaram GametiMargret AnsariMukesh MeghwalSeema MeghwalShobha Jat

51,450.001,8,269.00

L,74,g23.0070,800.00

1,5g0.00

6,579.007,500.001,569.004,500.003,000.003,000,00

10,500.00]

t2

3

4

5

Interest received on Saving AccountInterest Earned on FDsHonorarium - The University of LowaRecovery of Bad DebtsIGS Loan Writeoff

TOTAL

34,034.0091.,424.00

93,462.007,722,00

11,635.002,38,277.00

Particulars

1

2

3

4

5

6

7

EdelGive FoundationAajeevika Bureau - HDF FundsDalyan FoundationRockefeller - Met Life AwardSir Dorabji Tata TrustMr. Amitabh GuptaPurvaj Advisors Pvt. Ltd.

20,08,850.0014,00,000.00

6,63,300.007,08,725.00

75,00,000.001,50,000.00

30,00,000.00

I,54,30,275.00

v ?'Hi"6;Qc

6

Amount

S.No. Amount IRs.)

CIN: U91990RI2007NpL024871

Pt,

Particulars Amount IRs.

7

z

3

45

6

EdelGive FoundationAajeevika Bureau - HDF FundsDalyan FoundationRockefeller - Met Life AwardSir Dorab ji Tata TrustPurvaj Advisors Pvt. Ltd.

-3,85,4\1_.28

0.00'1.,29,818.95

2,39,568.024,91,643.00

12,30,000.00

L7,05,6t8.69

S.No.

7

2

3

4

5

6

Particulars Amount (Rs.)

Staff Cost - EdelGive FundStaf Cost - AB-HDF FundStaff Cost - Dalyan FundStaff Cost - Metlife FundStaff Cost - Sir Dorabji Tata trustStaff Cost - Own Funds

TOTAL

27,08,849.0023,75,760.70

3,78,158.3 07,7'1,,004.00

3,00,369.001,6,55,347.00

75,2g,4BB.OO

Particulars Amount [Rs.

FD IN FCRAACCOUNTFDS IN NON FCRA ACCOUNT

TOTAL

3,06,945,0026,34,839.00

29,4t,784.00

2tv'

CIN: U91990RI2 007NpI,02487 1

As on 31st March'ZOIBParticulars

Edelgive Foundation

ReceiptAdd: Unutilized amount as on 01.04.2017Less: Grant for Revolving FundLess: Grant for Capital Expenditure

Total (A)

Expendiure directly related to programFinancial Inclusion Activities

Edel-Community Based Financial LiteracyEdel- Workshop with AB Field Team

General AdministrationEdel-Rentals and OverheadsEdel-Snacks, Refreshment and Office MaintenanceEdel-Stationery, phone and InternetEdel-External AuditEdel-Travel and ConveyanceEdel-0 ffice Maitainance

lsalariesEdel-Accounts, Admin and AuditEdel-Chief Executive OfficerEdel-Executive-Financial InclusionEdel-General Manager OperationsEdel-Manager New productEdel-HR Advisory and Support to Branch

Staff Capacity EnhancementEdel-Recruitment, Induction and TrgEdel-Exposure Visit/ Staff RetreatEdel-Board of Director Consultation

20,164.00

2 0,08,850.0010,74,335.78

0.00-77,955.00

30,05,230,78

33,90,642.06

77,7 64.002,400:00

23,245.002'J.,377.26

96,095.0048,623.00

7,46,255.009,174.00

27,08,849.0o6,08,689.005,54,487.002,99,498.005,79,313.003,77,891,.002,88,971.00

3,L6,gIg.B01,,22,543.00

47,428.00l,52,g48.BO

33,90,642.06

Transferred in Unutilized fund-GE- -3,85,411.28

FRN No.-

.002850c

Rb./.

eQ,;r!-v

nlv'

CIN: U91990RIZ 007NpL024871

Particulars AB-HDFI

lReceipt

ladd: Unutilized amounr as on 01.04.2017

lAdd: Received from Revolving Fund

Less: Grant for Capital ExpenditureTotat (A)

Expendiure directly related to programPersonnel Cost - HO

Salary - CEO

Salary - Account & FinanceTeamPersonnel Cost - Field Activities/ Intervention

Salary - Manager ( Branch ServicesJSalary - Officer (Financial Services)Salary - Executive (Financial Services)Salary - Officer fFinancial Inclusion)Salary - Officer (Branch Accounts)

General AdministrationBank Charges

3,61,998.002,05,990.001,56,008.00

19,53,762,703,61,779.009,81,368.003,37,327,70

84,880,001,88,474.00

279.30279,30

14,00,000 00

9,16,040,0 0

0,000.00

23,16,O40.00

23,16,o40.00

Total [B) 23,L6,040.00

0.00Transferred in Unutilized Fund

As on 3lst March'2O18

w atvzw

RAIASTHAN SHRAM SARATHI ASSOCIATION

CIN: U91990R12007NPL024871

Statement gf R,eceipts from Programs and expenditure thereon during the year 2017-18As on 31st March'2018

Particulars Dalyan Grant

ReceiptAdd: Unutilized amount as on 01,04.2017Add: Received from Revolving Fund

Less: Grant for Capital ExpenditureTotal (A)

Expendiure directly related to ProgramManagement & Supervision

Senior Management

I Program Team and Program Cost

I Sulu.y - Executive [Financial Services)

I Sutr.y - Officer (Financial Inclusion)

I P.ogram Design & Implementation

I oi...t Training CostII

I

1,32,730.0O1,32,730.00

4,00,751.051,1l,,363.301,34,065.00

54,576.75r,00,746.60

6,63,300.00

0.000,00

' 0.006,63,300.00

5,33,481.05

Total [B) 5,3 3,481.05

Transferred in Unutilized Fund L,29,8L8.95

nlVL"w1

i'

t'lrl'l

CIN: U91990RI2 09.7Np1024871

As on 31st March'2018Particulars Rockefeller - Met Life Award

lReceipt

lada: Unutilized amount as on 01.04.2017

lAdd: Received from Revolving Fund

I

Less: Grant for Capital Expenditure

I Total (A)i Expendiure (Unrestricted)General Administration

Travel & SubsistenceProgramme Salaries

Salary- GM ProductSalary- Manager Branch Services

Financial Inclusion programme& Technology ExpsExpansion ofServices at source & destinationDemand Assessment ExpensesProcurement & Setup of DevicesPublication & Knowledge ContributionDocumentation Expenses

Administration & OverheadsLegal CompliancesBank Charges

30,552.0030,552.00

1,71,004.0094,456.0076,548.00

92,105.0024,71,7.0021.,873,004,285.00

25,L92.001.6,044.00

4,012.98500.00

3,512.g8

7,08,125,00

0.000.00

-1,70,883.00

s,37,242.00

2,97,673.98Total (B) 2,97,673.98

Transferred in Unutilized Fund 2,39,568.02

ry nv-

CIN: U91990RI2 00 7NpLO24B7 1

Particulars

ReceiptAdd: Unutilized amount as on OL.O4.ZOL7Add: Received from Revolving FundLess: Grant for Capital ExpenditureLess: Grant Received as Revolving Fund

Total (A)Expendiure (Unrestricted)Personnel Cost

Senior Management Supervision & program SupportSalary - Officer [Financial Services)Salary - Executive [Financial Serviies)

Program CostFinancial Operations ExpensesTraining & program Review of Financiar Service TeamMonitoring, Evaluation & IT Support Ex

arch'2018Sir Dorabji Tata Trust

3,00,369,001,02,318.00

96,186,0011,01,865.00

|

24,888.00124,888.00

|

0.001

0.001

75,00,000.00

0.000.00

0.00-66,83,100.00

8,16,900.00

3,25,257.00

4,9L,643.00

As on 31st M h'20

w Av,^

Fundln

RAIASTHAN SHRAM SARATHI ASSOCIATIONCIN: U91990RJ2007NPL0Z,tB71

As on 31st March'2018Particulars Purvai Advisors Pvt.Ltd.

ReceiptAdd: Unutilized amount as on 01.04.2017Add: Received from Revolving FundLess: Grant for Capital ExpenditureLess: Grant Received as Revolving Fund

Total (A)Expendiure (Restricted)Technology Cost

License Fees to Dvara Solutions for ,perdix,software17,70,000.00L7,70,000.00

30,00,000.000.00

0.000.00

0.0030,00,000.00

Toral (B) L7,70,000.00

12,30,000.00Transferred in Unutilized Fund

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RAIASTHAN SHRAM SARATHI ASSOCIATION CIN: U9 I 39, …

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