Ravi Capoor, IAS - Assam Gas Company Ltdassamgas.org/pdf/annual-report/annual-report17_18.pdfOil...

Ravi Capoor, IASChairman, AGCL and Addi onal Chief

Secretary, Industries & Commerce Dep , Govt of Assam

(w.e.f. 07.09.2016)

V. B. Pyarelal, IASDirector, AGCL and Addi onal Chief

Secretary, Finance Department, Govt of Assam (w.e.f. 07.08.2016

to 23.05.2017)

Sidhartha BordoloiChief General Manager (GMS)

Oil India Ltd. and Director, AGCL (w.e.f 23-05-2017)

Anuj Kumar BorkotokyDirector, AGCL

(up to 16-10-2017)

Shehla Rahman, ACS (Retd.)Director, Assam Gas Company

Limited and Secretary, Industries & Commerce Dep , Govt of Assam (w.e.f. 27.01.2016 to

18.07.2018)

Umananda DoleySecy, Industries & Commerce

Dep ., Govt of Assam & Director, AGCL (w.e.f. 18.07.2018)

Hellal Ahmed KhanDirector, AGCL

(up to 16-10-2017)

Kalyani BaruahManaging Director, APGCL and

Director, AGCL(w.e.f. 16-08-2017)

Sanat Kumar Kalita, ACS (Retd.)Commissioner & Secretary,P.E. Dep . Govt. of Assam

and Director, AGCL(w.e.f. 23-05-2017)

Rajib HazarikaDirector, AGCL

(w.e.f. 29.01.2015to 16.10.2017)

Aditya Kr. SharmaManaging Director, AGCL

Mayuri Che a, ACSJt. Secretary, Finance Dep .,

Govt. of Assam andDirector, AGCL

(w.e.f. 23-05-2017)

Achintya Kr. Nath (Retd.) Director, Assam Gas Company Limited & GM (GMS), Oil India

Limited up to 23-05-2017

Tarun Ch. SahariaAdvisor, Public Enterprises

Department , Govt. of Assam and Director, AGCL (w.e.f. 16.05.2018)

ANNUAL REPORT 2017 18 1

ANNUAL REPORT 2017 182[ 2 ]

Bankers

Statutory Auditors

Secretarial Auditors

Cost Auditors

Registered Of�ice

Co-ordination Of�ice


A. Ordinary Business

B. Special Business1. Approval of Remuneration of the Cost Auditor for the inancial year 2018-19

`

D. Dev Gupta

D. Dev Gupta

Notice to the Shareholders

ANNUAL REPORT 2017 184

Explanatory Statements for the Special Business pursuant to Section 102 of the Companies Act, 2013:

Item No. B.

1. Approval of Remuneration of Cost Auditor for the inancial year 2018:

`

D. Dev Gupta


Financial Results

(`in lakhs)

Particulars 2017-2018 2016-2017

26,806.80 26,917.23

15,949.09 16,350.84

7,112.77 6,874.82`

Directors propose to appropriate this amount as under: 2017-2018 2016-2017

Summarized Cash Flow Statement:

Directors’ Report


PERFORMANCE HIGHLIGHTS(a) Physical Performance

`

(b) Financial Performance `

``

` ``

` `

``

`` `

OPERATIONS AND THE STATE OF COMPANY'S AFFAIRS


SHARE CAPITAL`

DIVIDEND

`` `

TREASURY OPERATIONS`

`

CONTRIBUTION TO EXCHEQUER` `

``

GOVT. AUDIT REVIEW

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

Form AOC 2


INFORMATION RELATING TO ASSOCIATE AND JOINT VENTURE COMPANIES

POST BALANCE SHEET EVENTS

BUSINESS RISK MANAGEMENT

INTERNAL FINANCIAL CONTROLS

PARTICULARS OF LOAN, GUARANTEES AND INVESTMENTS UNDER SECTION 186`

`

CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION

FOREIGN EXCHANGE EARNINGS & OUTGO

MATERIAL CHANGES AFFECTING THE FINANCIAL POSITION OF THE COMPANY


DEPOSITS FROM PUBLIC

DIRECTORS AND KEY MANAGERIAL PERSONNEL

Directors

Sl. No.

Name of the Directors

Government Noti ication No.

Date of Appointment

Date of cessation Designation


Key Managerial Personnel

DECLARATION BY INDEPENDENT DIRECTORS

BOARD EVALUATION

DIRECTORS RESPONSIBILITY STATEMENT


PARTICULARS OF EMPLOYEES AND RELATED DISCLOSURES

` `

STATUTORY AUDITORS

Auditors Report

SECRETARIAL AUDITORS


COST AUDITORSM/s. Subhadra Dutta & Associates, Cost Accountants, Guwahati was appointed as the Cost Auditor of the Company for the year 2016-17 in accordance with the provisions of Section 148(3) of the Companies Act, 2013. Cost Audit Report for the year 2016-17 was fi led with the Ministry of Corporate Affairs on 23rd September 2017 in XBRL Format in CRA-4 as specifi ed by MCA as per requirements of the Companies (Cost Records and Audit) Rules, 2014 .

INVESTMENTS IN JOINT VENTURES

(a) DNP Limited

`` `

`

`

` ` ``

(b) Tripura Natural Gas Company Ltd (TNGCL)

`

``

`

(c) Assam Petro-Chemicals Ltd

`


`

AUDIT COMMITTEE

CSR COMMITTEE

NUMBER OF MEETINGS OF THE BOARD

RIGHT TO INFORMATION ACT

NOMINATION & REMUNERATION COMMITTEE POLICY

HEALTH

ENVIRONMENT MANAGEMENT


COMMUNICATION TO EMPLOYEES

DISCLOSURE ON ESTABLISHMENT OF A VIGIL MECHANISM

DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013

Indian Accounting Standards

LEGAL COMPLIANCES

EXTRACT OF ANNUAL RETURN

CORPORATE GOVERNANCE


GENERAL

ACKNOWLEDGEMENT

(Ravi Capoor)


Management's Discussion and Analysis

Directors perception of the future of the Company

`

Strengths, Weaknesses, Opportunities and Threats


Risks & Concerns

Safety

Human Resource

Employee Relations


www.assamgas.org

``

``

``

`

Annexure - F

Regulations

(Ravi Capoor)


Company’s philosophy on Code of Corporate Governance

Annexure-A (contd)

1. Board of Directors

Report on Corporate GovernanceAnnexure - A


Details regarding Board Meetings, Annual General meeting, Directors’ attendance thereat, Directorship held by the Directors are as under:-

Sl. No. Board Meetings Date Place

SlNo

Name of the Directors

Academic Quali ications

Date of joining as

Director of the Company

No. of meeting attended

%

Attendance at the last

Annual General Meeting

Details of Director-ships held in other

companies

Director

Chairman

ceased w.e.f 01/03/2018

Director

ceased w.e.f 18/07/2018

Managing Director

Director


Director

ceased w.e.f. 16/10/2017)

Proprietor

ceased w.e.f. 16/10/2017)

Proprietor

Partner

ceased w.e.f. 16/10/2017)

Director

Partner

Director

Member

Managing Director

Director

Percentage computed by considering the meetings attended with the total meetings held during his tenure.

AIDCL: ATPO: NRL:BCPL: TNGCL:

ASIDC: ATCL:AHECL: AMDCL:

APL: DNPL: NRL:AEDCL(Amtron): ASFCL:

APGCL:APPCL:

2. Audit Committee


2.1 Constitution of Audit Committee

2.2. Role and responsibilities of the Audit Committee:


2.3. Meeting of the Audit Committee:

Sl. No. Audit Committee Meetings Date Place

2.4 Attendance of the Audit Committee meeting during the inancial year 2017-18:

Name of the members No. of meetings attended

%age thereof (out of 2 meetings

held)

Attendance at the last Annual General

Meeting

Shri Sanat Kr. Kalita Chairman of Audit Committee (ceased to be a director w.e.f. 01/03/2018)

Shri Siddharta Bordoloi, MemberShri Rajib Hazarika Memberw.e.f. 16/10/2017)

3. Nomination and Remuneration Committee


4. Investors Grievance Committee

5. Corporate Social Responsibility (CSR) Committee:

5.1 Meeting of the Corporate Social Responsibility Committee:

Sl. No. CSR Committee Meetings Date Place

Attendance of the CSR Committee meeting during the inancial year 2017-18:

Name of the membersNo. of

meetings attended

%age thereof (out of 1 meeting held)

Attendance at the last Annual General

Meeting held on

(ceased to be a director w.e.f. 01/03/2018)


6. Annual/Extra Ordinary General Meetings:a) Details of location, time and date of last three AGMs/EGM are given below:

Sl. No. Date and Time of the Meetings Venue

b) Details of Special Resolution passed during the last three years:Special Business Type of Resolution Date of Meeting

c) Brief Resumes of Directors as on date

1) Shri Ravi Capoor, IAS

(2) Shri Aditya Kumar Sharma


(3) Shri Siddhartha Bordoloi

(4) Smt. Mayuri Chetia, ACS

(5) Smt. Kalyani Baruah


(6) Shri Tarun Ch. Saharia

(7) Shri Umananda Doley, ACS

7. Disclosures and compliance


`

`

`

8. Means of communication of inancial performance

(www.assamgas.org )

9. Management Discussion & Analysis Report

Number of AGM 56th Annual General Meeting

Co-ordination Of�ice

`

Share Transfer system:


Shareholding Pattern as on 31-03-2018:

Sl. No. Name of shareholder Capital contribution in `

Nos of shares held

Percentage of holding (%)

Total 16,91,44,900/- 16,91,449 100%

Registered Of�ice:

CIN: U11101AS1962SGC001184

Co-ordination Of�ice:


Annexure A

To,The Members,M/s ASSAM GAS COMPANY LTD,CIN: U11101AS1962SGC001184 P. O: Duliajan, DibrugarhAssam – 786602

COMPLIANCE OF CORPORATE GOVERNANCE CONDITIONS

M/s ASSAM GAS COMPANY LTD 31st March, 2018

BIMAN DEBNATH & ASSOCIATESCompany Secretaries

BIMAN DEBNATH B. Com.., LLB, DTL., FCS.

Flat No- 402, Block-C, Prashan Pride, Tarun Nagar, ABC, Guwaha -781005, Assam, India

Tele : 0361-2463370(O), 9864028145(M) Email: [email protected]


For Biman Debnath & Associates Company Secretaries Date: 04/09/2018 Biman DebnathPlace: Guwahati (Proprietor) C.P. No. 5857 FCS No. 6717






Annexure B

SECRETARIAL AUDIT REPORTFOR THE FINANCIAL YEAR ENDED 31ST March, 2018

[Pursuant to section 204(1) of the Companies Act, 2013 and Rule No.9 of the Companies (Appointment and Remuneration Personnel) Rules, 2014]

To, The Members, M/s ASSAM GAS COMPANY LTD,CIN: U11101AS1962SGC001184P.O Duliajan, DibrugarhAssam- 786602

M/s ASSAM GAS COMPANY LTD“the Company”

Based

31st March, 2018

31st March, 2018










a.

b.

c.

d.

e.

f.

(i)

(ii)

(iii)

except

1. The Company has not complied with the provisions of Section 149 of the Companies Act read with Rule 4 of the Companies (Appointment and Quali�ication of Directors) Rules, 2014 with relation to the appointment of Independent Director during the �inancial year under review.

2. The alterations of the Articles of Association of the Company as per the new Companies Act, 2013 is still pending.

3. The Company could not obtain the consent to operate from the pollution control department inspite of payment of arrear dues as well as current dues.

4. Trade License from the concerned authority i.e. the Local authority has not been obtained for the trading activities undertaken by the Company as per the state Laws.

5. Registration of Company own land is still pending in few cases.

6. The internal Compliance System is not commensurate with the size and nature of the Company.






As informed and apprised by the Company, being a State Government Company, the appointment of Directors are done by the State Government and the Government has not yet appointed or nominated any Independent Director on the Board of the Company.

I further report that:

I further report that

For, Biman Debnath & Associates Company Secretaries

Sd/-

Place: GuwahatiDate: 04-09-2018

(C S Biman Debnath) Proprietor

C.P. No. 5857/ FCS No. 6717

This Report is to be read with our letter of even date which is ANNEXURE-A, and forms and integral part of this Report.






Annexure A

To,The Members, M/s ASSAM GAS COMPANY LTD,CIN: U11101AS1962SGC001184P.O Duliajan, DibrugarhAssam- 786602

For, Biman Debnath & Associates Company Secretaries

Sd/-

Place: GuwahatiDate: 04-09-2018

(C S Biman Debnath) Proprietor

C.P. No. 5857/ FCS No. 6717


Form No. AOC - 2[Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014.]

1. Details of contracts or arrangements or transactions not at arm’s length basis: NIL2. Details of contracts or arrangements or transactions at Arm’s length basis :

Names of the related party and nature of relationship

Nature of Contracts/arrangement/transactions

Duration ofContracts/

arrangement/transactions

Salient terms of contracts or arrangements

or transactions including the value, if any

Date of approval by

the Board

Amount paid as

advance, if any

DNP Limited (DNPL)

Reimbursement of salary and other expenses incurred by AGCL for the persons deputed in DNPL and other expenses related to DNPL.

Ongoing transactions

DNPL will reimburse AGCL the manpower cost on Cost to the Company basis which comes to approximately 100% of the actual salary paid. (`155.45 Lakh)

2009 Nil

DNP Limited (DNPL)

Payment of rental and electricity charges for offi ce accommodation to AGCL

Ongoing transactions

`4.90 Lakhs Not applicable

Nil

DNP Limited (DNPL)

Payment of Interest on Loan to AGCL

Ongoing transaction

` 254.59 Lakhs February, 2016

Nil

DNP Limited (DNPL)

Sale of Project Surplus Pipes

One-time Transaction

Nil 6th August, 2016

Nil

DNP Limited (DNPL)

Dividend received from DNPL

Ongoing transaction

`213.25 Lakhs Not applicable

Nil

Annexure - C


Form No. AOC - 1

Statement containing salient features of the inancial statement of subsidiaries/associate companies/joint ventures

Part “A”: Subsidiaries

``

Sl. No. Particulars Details

````

`````

Annexure - D


Part “B”: Associates and Joint Ventures

Statement pursuant to Section 129 (3) of the Companies Act, 2013 related to Associate Companies and Joint VenturesI.

31st March 2018

1,00,000 equity shares

1,00,000@ `100 each share`1,00,00,000/-

25.51%

Associate

`19,46,01,224/-

` 11,73,46,927/-

-

-


Annexure -EFORM NO. MGT 9

Pursuant to Section 92 (3) of the Companies Act, 2013 and rule 12(1) of the Company(Management & Administration ) Rules, 2014.

EXTRACT OF ANNUAL RETURNFor the inancial year ended on 31st March, 2018

REGISTRATION & OTHER DETAILS:U11101AS1962SGC001184

31/03/1962ASSAM GAS COMPANY LTD

PRIVATE COMPANY/LIMITED BY SHARESAddress of the Registered of ice & contact details

P. O. DULIAJANDIBRUGARH

786602ASSAMINDIA

[email protected]

NoName and Address of Registrar & Transfer Agents ( RTA ):-

II. PRINCIPAL BUSINESS ACTIVITY OF THE COMPANY

Sl. No.

Name and Description of main products / services

NIC Code of the Product / service

% to total turnoverof the company

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES -

Sl. No.

NAME AND ADDRESS OF THE COMPANY CIN/GLN

HOLDING/ SUBSIDIARY /ASSOCIATE

% of shares

held

Applicable Section


IV.

SHAR

E H

OLD

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PATT

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(Equ

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Shar

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as

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-wis

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are

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Cate

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of

Shar

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ders

No.

of S

hare

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t the

beg

inni

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f the

yea

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o. o

f Sha

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held

at t

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yea

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Phys

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Tota

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of T

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% o

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(1) I

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orei

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Tota

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Pro

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Pub

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hold

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1. In

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Sub-

tota

l (B)

(1):

-2.

Non

-Ins

titu

tion

s

Sub-

tota

l (B)

(2):

-To

tal P

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Sha

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)=(B

)(1)

+ (B

)(2)

C. S

hare

s hel

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Cus

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s &

ADRs

Gran

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A+B+

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iiSh

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s

Sl

No.

Shar

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ame

Shar

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at t

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year

Shar

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the

end

of th

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ar%

ch

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in

sha

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hold

ing

duri

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the

year

No.

of

Shar

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% o

f tot

al

Shar

es

of th

e co

mpa

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% o

f Sha

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Pled

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/ en

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No.

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% o

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Shar

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%of

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tota

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iii.

Chan

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Pro

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Sha

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plea

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peci

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f the

re is

no

chan

ge)

Sl. N

o. I

- Gov

ernm

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f Ass

am

Shar

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at t

he

begi

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the

year

Cum

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Shar

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dur

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the

year

No.

of s

hare

s

% o

f tot

al

shar

es

of th

e co

mpa

ny

No.

of

shar

es%

of t

otal

sha

res

of

the

com

pany

No

Chan

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Reas

on fo

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No

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ivSh

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Patt

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(oth

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DR

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Not

app

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Sl. N

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- Sec

reta

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inan

ce, G

ovt.

of A

ssam

Shar

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ding

at t

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begi

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the

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Cum

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Shar

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dur

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the

year

No.

of s

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of t

otal

sh

ares

of

the

com

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No.

of

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No

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Sl. N

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For

Eac

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the

Top

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Shar

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the

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Cum

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Shar

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the

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No.

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sh

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the

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No.

of

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of th

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Incr

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Incr

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vSh

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: NIL

S. N

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Mr._

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Shar

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Cum

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Mr._

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No.

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Incr

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VIIN

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f the

Com

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incl

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r pa

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t

Inde

bted

ness

at t

he b

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of t

he i

nanc

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ear

2017

-18

Secu

red

Loan

s ex

clud

ing

depo

sits

Uns

ecur

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Loan

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epos

its

Tota

l In

debt

ness

Tota

l (i+

ii+iii

)Ch

ange

in In

debt

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ss d

urin

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e in

anci

al y

ear

2017

-18

Net

Cha

nge

Inde

bted

ness

at t

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nd o

f the

ina

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l yea

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17-1

8

Tota

l (i+

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)


REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNELRemuneration to Managing Director, Whole-time Directors and/or Manager:

Sl. no. Particulars of Remuneration

Name of MD/WTD/ Manager Total Amount

A.K.Sharma

Remuneration to other directors:


Name of Directors Total AmountA B C

Independent Directors

Other Non-Executive Directors R. Hazarika A. K. Borkotoky

H.A. Khan


REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD


Key Managerial Personnel

CFO Company Secretary Total

PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES: NIL

Type

Section of the

Companies Act

BriefDescription

Details of Penalty / Punishment/

Compounding fees imposed

Authority[RD / NCLT/

COURT]

Appeal made,if any (give

Details)

A. COMPANY- - - -- - - -- - - -

B. DIRECTORS- - - -- - - -- - - -

C. OTHER OFFICERS IN DEFAULT- - - -- - - -- - - -


Project Parijaat Kanan (2015-16)

`

Project Parimal Basudha (2015-16)

`

`

` `

Project Shyamalima (2015-16)

`

Project Pratyasha (2016-17)

` `

Annexure - F

CSR PROJECTS AT A GLANCE


Project Ashadeep (2016-17)

`

Project Deepsikha (2016-17)

`

Project Rupkathar Gaon (2016-17)

`

Project Aparajeya (2017-18)

`


ANNEXURE - F TO DIRECTORS' REPORT (contd)

(i)

(ii)

(iii)

Clause (iv)

Clause v

(viii)

Annual Report on Corporate Social Responsibility (CSR) activities for the inancial year 2017-18

Annexure – F


`

`

`

``

(including committed but not spent till 31st March 2018)`

SlNo

CSR Project or Activity Identi ied

Sector in which the project is covered

(Clause No of Schedule

VII to the Companies

Act, 2013 as amended

Project of Program

1. Local Area or other

2. Specify the state and

district where projects or programs

undertaken

Amount outlay

(Budget) Project or Program

wise (ìn lakhs)

Amount spent on the Projects or Programs. Sub Heads (1) Direct

Expenditure on Projects

or Programs (2)

Overheads(ìn lakhs)

Cumulative Expenditure

upto the Reporting

Period, i.e.,FY 2017-

2018(ìn lakhs)

Amount Spent Direct or through

Implementing Agency

Total 638.98 174.62 358.47


Addendum to the Directors' Report for the Financial Year 2017-2018

Sl. No. Secretarial Auditor's Observation Management Reply

1. The Company has written to the Government of Assam enclosing a list of probable candidates who are eligible for Independent Directors. The Reply from the Government of Assam is awaited.

2. Action initiated

3. Noted for compliance

4. Noted for compliance

5. Noted

6. Action initiated for installation of a software


Managements’ Reply to

COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 143(6)(b) OF THE COMPANIES ACT 2013 ON THE STANDALONE FINANCIAL STATEMENTS OF ASSAM GAS COMPANY LIMITED FOR THE YEAR ENDED 31 MARCH 2018.

A. Comments on the Pro itability

1. Statement of Pro it & Loss

Expenses

Other Expenses (Note-27)

Other operating Expenses(Note-27 C): `9.79 crore

`

`

Managements’ Reply : This inadvertent mistake is due to oversight and will be recti�ied in the next years’ accounts i.e 2018-19.

B. Comments on the Financial Position

1. Balance Sheet

Assets

Current Assets

Financial Assets

Trade Receivables (Note-9): `110.47 crore

` `

`

`

`

Managements’ Reply : Regarding Trade Receivables of ̀ 28.01 crore, the amounts are pending realisation for a period of more than three years and therefore as advised by various auditors from time to time, have been classi�ied under “Bad and doubtful debts”.

It may further be noted that in case of EIPL (`20.32 crore) till the gas was being supplied, no dispute was raised by EIPL on any issues like quantity / quality of gas supplied or any other matter till stoppage of gas supply in January 2013. However, subsequently EIPL raised objections on the legal rights of the Company in demanding payments and interest on delayed payments in the absence of Gas Supply Agreement. Though EIPL had raised objections, at the same time had also agreed to pay the dues upon receiving the payments from ASEB / Govt. of Assam (GOA) accordingly.

Since, the Company (AGCL) didn’t receive any payment from EIPL , the Company initiated legal proceedings (Arbitration) as per the terms of the agreement for realization of the dues.


Regarding the receivables from Tea Gardens (`7.68 crore), some of our customers witheld part of bills raised by us over certain issues and �iled cases with different courts. Since the matter is subjudice, necessary realisation of the dues or accounting treatment thereof will be done in the year in which the verdict is given.

Further, The Company has been making provision for bad and doubtful debts to the extent of 2 percent of the revenue from operation every year as per its accounting policy and accordingly that amount will be suf�icient to cover any eventualities arising in this case.

Therefore in our opinion the amounts are good and realisable only and hence no additional provision has been made on this account.

Also, writing off or provisioning for the above mentioned Trade receivables in the accounts, may amount to relinquishment of the Receivable amounts and therefore may give an upper hand to the parties (customers) in making their case stronger.

However, in the light of the observation the management assures to look into this and make necessary provisions if required in the next years’ accounts.

C. Other Comments

`

Managements’ Reply : Considering the geographical locational disadvantage and delay in receiving materials, the company keeps some minimum stock of spares for the compressors and pipelines to meet the emergency requirements so as to ensure un interrupted gas supply.

However, considering the non utilisation of some of the stock items for a considerable time and to ascertain the �itness of such spares and materials, the management has appointed a �irm of Chartered Accountants – R K Choudhry & Co, Dibrugarh, to conduct a physical veri�ication of all items of Stores & Spares and reconciliation of the same with the Stock Ledger, to identify the obsolete / un serviceable items and to submit a report to the management for further necessary action.

Therefore, upon receipt of the above report, appropriate adjustments / provisioning shall be made in the accounts for the next year, i.e., 2018-19, accordingly.


COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 143(6)(b) OF THE COMPANIES ACT 2013 ON THE CONSOLIDATED FINANCIAL STATEMENTS OF ASSAM GAS COMPANY LIMITED FOR THE YEAR ENDED 31 MARCH 2018.

A. Comments on the Pro itability

1. Statement of Consolidated Pro it & Loss Expenses Other Expenses (Note-28) Other operating Expenses(Note-28 C): `12.81 crore

`

`

Managements’ Reply : This inadvertent mistake is due to oversight and will be recti�ied in the next years’ accounts i.e 2018-19.

B. Comments on the Financial Position

1. Consolidated Balance Sheet Assets Current Assets Financial Assets Trade Receivables (Note-9): `122.40 crore

` `

`

`

`

Managements’ Reply : Regarding Trade Receivables of ̀ 28.01 crore, the amounts are pending realisation for a period of more than three years and therefore as advised by various auditors from time to time, have been classi�ied under “Bad and doubtful debts”.

It may further be noted that in case of EIPL (`20.32 crore) till the gas was being supplied, no dispute was raised by EIPL on any issues like quantity / quality of gas supplied or any other matter till stoppage of gas supply in January 2013. However, subsequently EIPL raised objections on the legal rights of the Company in demanding payments and interest on delayed payments in the absence of Gas Supply Agreement. Though EIPL had raised objections, at the same time had also agreed to pay the dues upon receiving the payments from ASEB / Govt. of Assam (GOA) accordingly.

Since, the Company (AGCL) didn’t receive any payment from EIPL , the Company initiated legal proceedings (Arbitration) as per the terms of the agreement for realization of the dues.

Regarding the receivables from Tea Gardens (`7.68 crore), some of our customers witheld part of bills raised by us over certain issues and �iled cases with different courts. Since the matter is subjudice, necessary realisation of the dues or accounting treatment thereof will be done in the year in which the verdict is given.


Further, The Company has been making provision for bad and doubtful debts to the extent of 2 percent of the revenue from operation every year as per its accounting policy and accordingly that amount will be suf�icient to cover any eventualities arising in this case.

Therefore in our opinion the amounts are good and realisable only and hence no additional provision has been made on this account.

Also, writing off or provisioning for the above mentioned Trade receivables in the accounts, may amount to relinquishment of the Receivable amounts and therefore may give an upper hand to the parties (customers) in making their case stronger.

However, in the light of the observation the management assures to look into this and make necessary provisions if required in the next years’ accounts.

C. Other Comments

`

Managements’ Reply: Considering the geographical locational disadvantage and delay in receiving materials, the company keeps some minimum stock of spares for the compressors and pipelines to meet the emergency requirements so as to ensure un interrupted gas supply.

However, considering the non utilisation of some of the stock items for a considerable time and to ascertain the �itness of such spares and materials, the management has appointed a �irm of Chartered Accountants – R K Choudhry & Co, Dibrugarh, to conduct a physical veri�ication of all items of Stores & Spares and reconciliationof the same with the Stock Ledger, to identify the obsolete / un serviceable items and to submit a report to the management for further necessary action.

Therefore, upon receipt of the above report, appropriate adjustments / provisioning shall be made in the accounts for the next year, i.e., 2018-19, accordingly.


Sl. No

Standalone Independent Auditor’s Report Managements’ Reply

1. Opinion

Noted.

2. Report on Other Legal and Regulatory Requirements

Compliance Report, Noted for future guidance.

Managements’ Reply to Standalone Independent Auditor’s Report for the year ended 31st March, 2018


Annexure - A to the Auditors’ Report

`

Noted.

Noted.

Noted.

(d), the company has sought con�irmation of balances of all the debtors but reply has been received from 214 nos. of consumers only con�irming the balances. However, this will be looked into in future.

Noted.

Noted.


Noted.

Noted.

Noted.

Noted.

Name of Statute Nature Of Dues Amount (Rs)Period To Which

The Amount Relates

Forum Where The Dispute Is Pending

Noted for necessary action. In case of Income Tax, amounts due on account of dis-allowance of expenses for different years are on appeal and we have taken up the matter with the AO through our Tax consultants. In case of Service Tax, on issues like tax on MDC TC, Marketing Margin and other misc. Issues, the appeals are pending before the CESTAT and are yet to come up for hearing and we are following up the same through our Tax consultants. In case of VAT – VAT demanded on TC, are on appeal.


Noted.

Noted.

Noted.

Noted.

Noted.

Noted.

Noted.

Noted

Noted.

Annexure - B to the Auditors’ ReportOpinion

Noted.


ASSAM GAS COMPANY LIMITEDManagements’ Reply to

Independent Auditors’ Report on the Consolidated Financial StatementsOpinion

Noted.

Report on Other Legal and Regulatory Requirements

Noted the compliance Report.


Annexure to the Auditors’ Report on the Consolidated Financial Statements(Referred to in paragraph 1 under ‘Report on Other Legal and Regulatory

Requirements’ of our report of even date)Opinion

Noted.


COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 143(6)(b) OF THE COMPANIES ACT. 2013 ON THE FINANCIAL STATEMENTS OF ASSAM GAS COMPANY LIMITED FOR THE YEAR ENDED 31 MARCH 2018

ASSAM GAS COMPANY LIMITED31 March, 2018

27 July, 2018

ASSAM GAS COMPANY LIMITED31 March 2018 under section 143(6)(a) of the Act


A. COMMENTS ON PUOI’TTABILITV

1. Statement of Pro it and Loss

Expenses

Other Expenses (Note-27)

Other operating Expenses (Notc-27 C): =`9.79 crore

`

B. COMMENTS ON FINANCIAL POSITION

1. Balance Sheet Assets

Current Assets

Financial Assets

Trade Receivables (Noic-9): `110.47 crore

` `

`

`

`

C. OTHER COMMENTS

`

Sd/-


COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 143(6)(b) READ WITH SECTION 129(4) OF THE COMPANIES ACT, 2013 ON THE CONSOLIDATED FINANCIAL STATEMENTS OF ASSAM GAS COMPANY LIMITED FOR THE YEAR ENDED 31 MARCH 2018

ASSAM GAS COMPANY LIMITED31 March, 2018

27 JULY, 2018

ASSAM CAS COMPANY LIMITED31 March 2018

DNP LimitedAssam Gas Company Limited) the audit of Tripura Natural Gas

Company Limited Assam Gas Company Limited


A. COMMENTS ON-PROFITABILITY1. Statement of Consolidated Pro it and Loss

Expenses

Other Expanses (Note-28)

Other operating Expenses (Note-28 C): `12.81 crore

`

`

B. COMMENTS ON FINANCIAL POSITION1. Consolidated Balance Sheet Assets

Current Assets

Financial Assets

Trade Receivables (Note-9): `122.40 crore

` `

`

`

`

C. OTHER COMMENTS`

Sd/-


ASSAM GAS COMPANY LIMITED

Independent Auditor's ReportTo the Members of ASSAM GAS COMPANY LIMITED

Report on the Standalone Ind AS Financial Statements

‘Assam Gas Company Limited’ 31 March 2018

Management’s Responsibility for the Standalone Financial Statements

Auditor’s Responsibility


Opinion



S. K. Mallick & Co.Chartered Accountants

Partner


Annexure - A to the Auditors’ Report

`


Name Of Statute Nature Of Dues Amount (`) Period To Which The Amount Relates



S. K. Mallick& Co.Chartered Accountants

Partner


Annexure - B to the Auditors’ ReportReport on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)

Management’s Responsibility for Internal Financial Controls

Auditors’ Responsibility


Meaning of Internal Financial Controls over Financial Reporting

Inherent Limitations of Internal Financial Controls over Financial Reporting

Opinion


Partner


Independent Auditors’ Reporton the Consolidated Financial Statements

TO THE MEMBERS OF ASSAM GAS COMPANY LIMITEDReport on the Consolidated Financial Statements

‘Assam Gas Company Limited’

Management’s Responsibility for the Consolidated Financial Statements

Auditor’s Responsibility


Opinion




(Firm Registration No. 324892E)

Place : Guwahati (Camp)

Dated : 27th July 2018 Partner


Annexure to the Auditors’ Report on theConsolidated Financial Statements

(Referred to in paragraph 1 under ‘Report on Other Legal and Regulatory Requirements’ of our report of even date)

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)

‘Assam Gas Company Limited’





Inherent Limitations of Internal Financial Controls over Financial Reporting

Opinion


(Firm Registration No. 324892E)

Place : Guwahati (Camp)

Dated : 27th July 2018 Partner


ASSAM GAS COMPANY LIMITED

We have conducted the Statutory audit of Assam Gas Company Limited; Duliajan, for the year ended 31st March 2018 in accordance with the directions/sub - directionsu/s. 143(5) of the Companies Act, 2013 as amended, and hereby certify that we have complied with all the guidelines issued to us.


Firm Regd. No. 324892E

(CA. PRADIP BAKSI)Partner

(Membership No. 054264)




(CA. PRADIP BAKSI)Partner


Directions under section 143(5) of the Companies Act, 2013

SI. No Directions Response1

2

3


ASSAM GAS COMPANY LIMITEDDULIAJAN :: ASSAM

BALANCE SHEET(Amount in Rupees)

Particulars NoteNo.

AS AT31-03-2018

AS AT31-03-2017

A ASSETS1) Non-current assets

2) Current assets

TOTAL 852 38 10 133 779 50 47 070

B EQUITY AND LIABILITIES

2. Liabilities


TOTAL 852 38 10 133 779 50 47 070



Vijay Kr. L. A. K. Sharma

DIN-07285877

S. Bordoloi

DIN-07804287

D. Dev Gupta (CA. PRADIP BAKSI)Partner




STATEMENT OF PROFIT & LOSS(Amount in Ruppees)

Particulars

NoteNo.

AS AT31-03-2018

AS AT31-03-2017





DIN-07285877

S. Bordoloi

DIN-07804287





CASH FLOW STATEMENT

(Amount in Rupees)

Statement of Cash Flow For the year2017-18

For the year2016-17

I. CASH FLOW FROM “OPERATING ACTIVITIES”

II. CASH FLOW FROM “INVESTING ACTIVITIES”


III. CASH FLOW FROM “FINANCING ACTIVITIES”




DIN-07285877

S. Bordoloi

DIN-07804287




Consolidated Financial statements – 2017-18

CORPORATE INFORMATION & SIGNIFICANT ACCOUNTING POLICIES

1. Corporate Information

2. Signi icant Accounting Policies

2.1 (i) Convention

(ii) Change in Accounting Policy

`


3.

(iii) Use of Estimates

(iv) Tangible Assets

(v) Accounting of Work In Progress

unted for on crystallization of such amounts.(vi) Depreciation


(vii) Investments

(viii) Stock of Stores

``

`

(ix) Trade Receivables

(x) Statement of Pro it & Loss


(xi) Financial Instruments

(a) Initial Recognition

(b) Subsequent Recognition

Financialhich is measured at fair value through profi t or loss.

(c) Fair Value of Financial instruments

Fair val

bilities. (xi) Dividends


NO

TE 3

: Pr

oper

ty, P

lant

& E

quip

men

t (20

17-1

8)

GRO

SS B

LOCK

DEP

RECI

ATIO

NN

ET B

LOCK

(on

SLM

/ W

DV)

PART

ICU

LARS

COST

AS

AT

01-0

4-16

ADD

ITIO

N

FOR

THE

YEAR

ADJU

ST-

MEN

TS(d

isca

rd)

COST

AS

AT

31-0

4-17

UP

TO

01-0

4-16

FOR

THE

YEAR

Adju

stm

ent

to A

sset

s(d

urin

g ye

ar)

TOTA

L AT

31-0

3-17

AS A

T 3

1-03

-17

AS A

T 31

-03-

16

Tota

l13

4 67

32

562

6 76

77

813

014

1 44

10

375

11 8

4 94

151

6 33

06

718

018

18

00 8

6912

3 26

09

506

122

82 3

8 41

1


(Amount in Ruppees)

No. AS AT 31-03-2018

AS AT 31-03-2017

4 CAPITAL WORK - IN - PROGRESS

5 NON CURRENT INVESTMENTS

`

`

6 Financial Assets A. Loans

B. Other Financial Assets

7 OTHER NON-CURRENT ASSETS


NOTES ON ACCOUNTS - 2017-18 (Continued)


8. INVENTORIES

9. FINANCIAL ASSETS - TRADE RECEIVABLES

Sundry debtors - Age Analysis

10. FINANCIAL ASSETS - CASH & CASH EQUIVALENTS


b) Balances with Banks:

11. FINANCIAL ASSETS - SHORT TERM LOANS & ADVANCES


``

12. OTHER CURRENT ASSETS

13. EQUITY SHARE CAPITAL : AUTHORISED SHARE CAPITAL :

`

ISSUED, SUBSCRIBED, CALLED & PAID-UP:``


Equity Shares 31-03-2018 31-03-2017

`

Name of Shareholder 31-03-2018 31-03-2017

14. OTHER EQUITY


15. FINANCIAL LIABILITIES - BORROWINGS

16. FINANCIAL LIABILITIES - OTHER FINANCIAL LIABILITIESNON CURRENT FINANCIAL LIABILITIES (i) Security Deposit From Domestic Consumers

(ii) SECURITY DEPOSIT FROM T.E. & OTHERS:

(iii) ADDITIONAL DEPOSIT FROM T.E. AND OTHERS:


CURRENT FINANCIAL LIABILITIES

17. DEFERRED TAX LIABILITY (Net)

` `

Deferred Tax Liability

18. NON CURRENT LIABILITIES - PROVISIONS

19. FINANCIAL LIABILITIES - TRADE PAYABLES

20. OTHER CURRENT LIABILITIES (I) STATUTORY LIABILITIES:

(II) OTHER LIABILITY


(III) CURRENT MATURITIES OF LONG TERM LOAN

21. CURRENT LIABILITIES - PROVISIONS

22. REVENUE FROM OPERATIONS

23. OTHER INCOME

24. PURCHASES OF STOCK IN TRADE


25. EMPLOYEE BENEFITS EXPENSE (a) EMPLOYEES REMUNERATION & BENEFITS:

(b) MD’S REMUNERATION & BENEFITS

26. FINANCE COSTS

27. OTHER EXPENSES a) POWER & FUEL / COMPRESSION CHARGES

(b) RATES & TAXES:

(c) OTHER OPERATING EXPENSES:


(d) TRAVELLING EXPENSES:

(e) AUDIT FEE & EXPENSES:

(f) CHAIRMAN’S EXPENSES:


(g) REPAIRS & MAINTENANCE

28. ` ``

`

29. Earning Per Equity ShareEquity Shares 31-03-2018 31-03-2017

`

`


30. 1. Amount paid to Managing Director :`

`

` `

31. Balance Sheet

`

``

A copdated Financial Statements, as required under ‘Ind As – 27’, are annexed to herwith.


``

`

` `

`

joint Venture:

` `

`


`

` `

`

a. `

`

`

``

`

ers) are yet to be received.

i. `

``


`

`

` `

`

`

`

``

`


Particulars Amount```````

TOTAL Dr ` 60 62 452

f. Miscellaneous Rec `

Particulars Amount

`````

TOTAL Cr ` 89 90 602

``

`


``

`

`

`` `

`` `

`


`


Name Of Statute

Nature Of Dues Amount(Rs) Period To Which The

Amount Relates



` ``

`

`

`

xi. GENERAL :`

`

``

`

`


Nature of transaction Directors / Key Managerial Personnel Joint venture`

`

Balance as at 31.03.2018

`

`


2015-16 2016-17 2017-18

Amount remaining unspent at the end of the year 3 32 45 502 4 18 54 402 4 43 31 977

` `


STAT

EMEN

T O

F CH

ANGE

S IN

EQ

UIT

Y 20

17-1

8

(Am

ount

in R

s.)

Part

icul

ars

Equi

ty

Shar

e Ca

pi-

tal

Oth

er E

quit

y

Shar

e ap

pli-

cati

on

mon

ey

pend

-in

g al

-lo

tmen

t

Equi

tyco

m-

po-

nent

of

com

-po

und

inan

-ci

al in-

stru

-m

ents

Rese

rves

and

Sur

plus

Deb

t in

stru

-m

ents

th

roug

h O

ther

Com

-pr

e-he

nsiv

e In

com

e

Equi

ty

Inst

ru-

men

tsth

roug

h O

ther

Com

pre-

hens

ive

Inco

me

Effe

c-tiv

e po

r-ti

on o

f Ca

shFl

owH

edg-

es

Reva

lua-

tion

Surp

lus

Exch

ange

di

ffer-

ence

s on

tr

ansl

at-

ing

the

inan

cial

st

ate-

men

ts o

f a

fore

ign

oper

atio

n

Oth

er

item

s of

O

ther

Co

m-

pre-

hen-

sive

Inco

me

(spe

ci-

fy n

a-tu

re)

Mon

eyre

-ce

ived

agai

nst

shar

ew

ar-

rant

s

Tota

lCa

pita

lRe

serv

e

Secu

ri-

ties

Pre-

miu

mRe

-se

rve

Gene

ral R

e-se

rve

Reta

ined

Earn

ings


STAT

EMEN

T O

F CH

ANGE

S IN

EQ

UIT

Y 20

16-1

7

(Am

ount

in R

s.)

Part

icul

ars

Equi

ty

Shar

e Ca

pi-

tal

Oth

er E

quit

y

Shar

e ap

pli-

cati

on

mon

ey

pend

-in

g al

-lo

tmen

t

Equi

tyco

mpo

-ne

nt o

fco

m-

poun

din

an-

cial

inst

ru-

men

ts

Rese

rves

and

Sur

plus

Deb

t in

stru

-m

ents

th

roug

h O

ther

Com

-pr

e-he

nsiv

e In

com

e

Equi

ty

Inst

ru-

men

tsth

roug

h O

ther

Com

pre-

hens

ive

Inco

me

Effe

c-tiv

e po

r-ti

on o

f Ca

shFl

owH

edg-

es

Re-

valu

a-ti

onSu

r-pl

us

Exch

ange

di

ffer-

ence

s on

tr

ansl

at-

ing

the

inan

cial

st

ate-

men

ts o

f a

fore

ign

oper

atio

n

Oth

er

item

s of

O

ther

Co

m-

pre-

hen-

sive

Inco

me

(spe

ci-

fy n

a-tu

re)

Mon

eyre

-ce

ived

agai

nst

shar

ew

ar-

rant

s

Tota

lCa

pita

lRe

serv

e

Secu

-ri

ties

Pre-

miu

mRe

-se

rve

Gene

ral R

e-se

rve

Reta

ined

Earn

ings


31 Financial instruments – Fair values and risk managementA. Accounting classi ication and fair values

(Amount in Rs.) Carrying amount Fair value

March 31, 2018 Mandatorily at FVTPL

FVTOCI - desig-nated

as such

Amortised Cost Total Level

1 Level 2 Level 3 Total

Financial assets

53 30 82 062 19 95 01 431 73 25 83 493 53 30 82 062 53 30 82 062

(Amount in Rs.)

Carrying amount Fair value

March 31, 2017 Mandatorily at FVTPL

FVTOCI - desig-nated

as such

Amortised Cost Total Level

1 Level 2 Level 3 Total

- - 560 09 19 991 560 09 19 991 - - - -

NOTES ON ACCOUNTS 2017-18 (Continued)


(Financial instruments – Fair values and Risk Management (continued)Financial liabilities

51 78 91 374 24 36 00 135 76 14 91 509 51 78 91 374 51 78 91 374

B. Measurement of fair valuesValuation techniques and signi icant unobservable inputs

Financial instruments measured at fair value

Type Valuation techniqueSigni icant

unobservable inputs

Inter-relationship between

signi icant unobservable

inputsand fair value measurement

Deposit from CustomerPresent Value techniques

using appropriate discounting rates

Not applicable Not Applicable

C. Financial risk management

i. Risk management framework


i. Market risk

ii. Credit risk

Trade and other receivables

``

March 31, 2018 Gross carrying amount Weighed average loss rate - range Loss allowance

Neither past due not impaired

March 31, 2017 Gross carrying amount Weighed average loss rate - range Loss allowance


Cash and cash equivalents

` `


C. Financial risk management (continued)

iii. Liquidity risk

Exposure to liquidity risk(Amount in Rupees)

Contractual cash lows

March 31, 2018 Carrying amount Total Upto 1 year 1-3 years 3-5 years More than 5

years

(Amount in Rupees) Contractual cash lows

March 31, 2017 Carrying amount Total Upto 1 year 1-3 years 3-5 years More than 5

years

NOTES ON ACCOUNTS 2017-18 (Continued)


ASSAM GAS COMPANY LIMITEDDULIAJAN, (ASSAM)

CONSOLIDATED BALANCE SHEET

(Amount in Rupees)

Particulars

NoteNo.

AS AT31-03-2018

AS AT31-03-2017

A ASSETS1) Non-current assets

2) Current assets

TOTAL 1069 25 66 056 958 97 80 824


B EQUITY AND LIABILITIES1. Equity

2. Liabilities

3. Current Liabilities

TOTAL 1069 25 66 056 958 97 80 824




DIN-07285877

S. Bordoloi

DIN-07804287




Note AS AT AS ATParticulars No. 31-03-2018 31-03-2017

101 54 91 429 79 96 53 825


STATEMENT OF CONSOLIDATED PROFIT & LOSS


(Amount in Rupees)

Note AS AT AS ATParticulars No. 31-03-2018 31-03-2017XVI. Other Comprehensive Income A (i) Items that will not be reclassifi ed to profi t or loss 0 0 (ii) Income tax relating to items that will not be

reclassifi ed to profi t or loss 0 0 B (i) Items that will be reclassifi ed to profi t or loss 0 0 (ii) Income tax relating to items that will be reclassifi ed

to profi t or loss 0 0

XVII. Total Comprehensive Income for the period (XV+XVI) (Comprising Profi t (Loss) and Other Comprehensive Income for the period) 101 54 91 429 79 96 53 825

XVIII. Earnings per equity share: 30 (1) Basic 612 486 (2) Diluted 612 486


STATEMENT OF CONSOLIDATED PROFIT & LOSS (Continued)




DIN-07285877

S. Bordoloi

DIN-07804287




(Amount in Rupees)

Statement of Cash Flow For the year2017-18

For the year2016-17

II. CASH FLOW FROM “INVESTING ACTIVITIES”

III. CASH FLOW FROM “FINANCING ACTIVITIES”


NOTES ON CONSOLIDATED ACCOUNTS 2017-18 (Continued)





DIN-07285877

S. Bordoloi

DIN-07804287




Consolidated Financial statements – 2017-18CORPORATE INFORMATION & SIGNIFICANT ACCOUNTING POLICIES

1. Corporate Information

Subsidiary Company

` ``

Associated Company - Joint venture

`` `

2. Signi icant Accounting Policies

2.1 Basis of preparation of Consolidated Financial Statements

2.2 PRINCIPLES OF CONSOLIDATION


C. Investments other than in subsidiary have been accounted as per Accounting Standard (Ind AS) 28 on “Investment in Associates and joint ventures”.

D. Other signi icant accounting policies


GRO

SS B

LOCK

DEP

RECI

ATIO

NN

ET B

LOCK

(SLM

)on

SLM

/ W

DV

PART

ICU

LARS

COST

AS

AT

01-0

4-17

ADD

ITIO

N

FOR

THE

YEAR

ADJU

ST-

MEN

T(d

isca

rd)

COST

AS

AT

31/0

3/20

18U

P TO

01

-04-

17FO

R TH

E YE

AR

Adju

stm

ent

to A

sset

s(d

urin

g ye

ar)

TOTA

L(u

nder

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)AS

AT

31-0

3-18

AS A

T 31

-03-

17

Tota

l

420

84 3

2 22

67

33 1

8 43

665

6442

8 17

44

098

40 9

2 53

203

19 2

0 46

991

-143

860

12

98 7

5636

8 04

45

342

379

91 7

9 02

2

Con

solid

ated

Fin

anci

al s

tate

men

ts –

201

7-18

NO

TE

4

Pro

pert

y, P

lan

t & E

quip

men

t (20

17-1

8)




(Amount in Rupees)

No. AS AT 31-03-2018

AS AT 31-03-2017

4 CAPITAL WORK - IN - PROGRESS

5 NON CURRENT INVESTMENTS

6 Financial Assets

7 OTHER NON-CURRENT ASSETS


8 INVENTORIES

9 FINANCIAL ASSETS - TRADE RECEIVABLES

Sundry debtors - Age Analysis


10 FINANCIAL ASSETS - CASH & CASH EQUIVALENTS


11 FINANCIAL ASSETS - SHORT TERM LOANS & ADVANCES

12 OTHER CURRENT ASSETS

13 EQUITY SHARE CAPITAL :

`

`

`


Equity Shares 31-03-2018 31-03-2017

Face Value of the Equity Shares (each)No. of Shares outstanding at the beginning of the yearAmount of Shares outstanding at the beginning of the yearNo. of Shares Issued during the yearAmount of Shares Issued during the yearNo of Shares bought back during the yearAmount of Shares bought back during the yearNo of Shares outstanding at the end of the yearAmount of Shares outstanding at the end of the year

Terms and rights attached to equity shares`

Details of Shareholders holding more than 5% shares in the CompanyName of Shareholder 31-03-2018 31-03-2017

14 OTHER EQUITY


15 MINORITY INTEREST

16 FINANCIAL LIABILITIES - BORROWINGS

17 FINANCIAL LIABILITIES - OTHER FINANCIAL LIABILITIES


18. DEFERRED TAX LIABILITY ( Net)

19. NON CURRENT LIABILITIES - PROVISIONS

20. FINANCIAL LIABILITIES - TRADE PAYABLES

21. OTHER CURRENT LIABILITES (I) STATUTORY LIABILITIES


(II) OTHER LIABILITY

(III) CURRENT MATURITIES OF LONG TERM LOAN 0 0

22. CURRENT LIABILITIES - PROVISIONS

23. REVENUE FROM OPERATIONS

24. OTHER INCOME


25. PURCHASES OF STOCK IN TRADE

26. EMPLOYEE BENEFITS EXPENSE(a) EMPLOYEES REMUNERATION & BENEFITS:

(b) MD’S REMUNERATION & BENEFITS

27. FINANCE COSTS


28. OTHER EXPENSESa) POWER & FUEL / COMPRESSION CHARGES

(b) RATES & TAXES

(c) OTHER OPERATING EXPENSES


(d) TRAVELLING EXPENSES:

(e) AUDIT FEE & EXPENSES:

(f) CHAIRMAN/Dy. CH ‘S EXPENSES:

(g) REPAIRS & MAINTENANCE


29. ` ```

30. Earning Per Equity ShareEquity Shares 31-03-2018 31-03-2017

`

`


31 F

inan

cial

inst

rum

ents

– F

air

valu

es a

nd r

isk

man

agem

ent

(Am

ount

in R

s.)

Carr

ying

am

ount

Fair

val

ue

Mar

ch 3

1, 2

018

Man

dato

rily

at

FVT

PL

FVTO

CI -

desi

gnat

ed

as s

uch

Amor

tise

d Co

stTo

tal

Leve

l 1Le

vel 2

Leve

l 3To

tal


(Am

ount

in R

s.)


Type

Valu

atio

n te

chni

que

Sign

iica

ntun

obse

rvab

le in

puts

Inte

r-re

lati

onsh

ip

betw

een

sign

iica

nt

unob

serv

able

inpu

tsan

d fa

ir v

alue

m

easu

rem

ent


ii. C

redi

t ris

k

Gros

s ca

rryi

ng a

mou

ntW

eigh

ed a

vera

ge

loss

rate

- ra

nge

Loss

allo

wan

ce

Nei

ther

pas

t due

not

impa

ired


Gros

s ca

rryi

ng a

mou

ntW

eigh

ed a

vera

ge

loss

rate

- ra

nge

Loss

allo

wan

ce

Nei

ther

pas

t due

not

impa

ired

Cash

and

cas

h eq

uiva

lent

s

``


iii. Liquidity risk

Exposure to liquidity risk(Amount in Ruppees)


March 31, 2018 Carrying amount Total Up to

1 year 1-3 years 3-5 years More than5 years

(Amount in Ruppees) Contractual cash lows





C. Financial risk management (continued)


32. Balance Sheet

i. Equity Share Capital

a. Subsidiary Company (DNP Limited)

Authorised Capital: AS AT 31-03-2018 AS AT 31-03-2017

`

Issued, subscribed and paid up :

`

Terms / rights attached to equity shares

`

Shares held by Holding Company

AS AT 31-03-2018 AS AT 31-03-2017

`

Details of share holders’ holding in the Company

Name of the shareholder AS AT 31-03-2018 AS AT 31-03-2017

Number % of holding Number % of holding

b. Associated Company (Tripura Natural Gas Co. Limited)

Authorised Capital: AS AT 31-03-2018 AS AT 31-03-2017

`

Issued, subscribed and paid up :

`

Terms / rights attached to equity shares


Shares held by the Company

AS AT 31-03-2018 AS AT 31-03-2017

`

Details of other share holders in the associated Company

ii. Long Term Borrowings :

`

`

`

iii. Minority Interest :

33. Previous years’ igures have been regrouped / rearranged wherever necessary for comparison and con irms to current years’ classi ications and recasting.


DNP LimitedDuliajan


AUDITOR’S COMPLIANCE CERTIFICATE

KANOI ASSOCIATES

AAKASH AGARWALLA


KANOI ASSOCIATES

AAKASH AGARWALLA

Directions under section 143(5) of the Companies Act, 2013

Sl. No. Directions Response


Independent Auditor’s Reportto the members of DNP Limited: Duliajan

Report on the Audit of Standalone Financial Statements

Opinion

Basis for Opinion

Responsibility of Management for Standalone Financial Statements


Auditor’s Responsibilities for the Audit of the Financial Statements

REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

(a)

(b)

(c)

(d)

(e)

(f)

(i)

(ii)

(iii)

For KANOI ASSOCIATES Chartered Accountants ICAI Regn. No: 309101E

Sd/- (AAKASH AGARWALLA)Place : DIBRUGARH PartnerDate : 11TH JULY, 2018 M. No: 058427


THE ANNEXURE-A REFERRED TO IN PARAGRAPH 1 UNDER THE HEADING “REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS” OF OUR REPORT OF EVEN DATE TO THE MEMBERS OF DNP LIMITED, DULIAJAN FOR THE YEAR ENDED ON 31ST MARCH, 2018. WE REPORT THAT:

(i)

(b)

(c)

(ii)

(iii)

(iv)

(v)

(vi)

(vii)


(viii)

(ix)

(x)

(xi)

(xii)

(xiii)

(xiv)

(xv)

(xvi)




Annexure-B to the Independent Auditor’s Report of even dateon the inancial statements of DNP Limited, Duliajan

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)





(1)

(2)

(3)

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Opinion




COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA UNDER SECTION 143(6)(b) OF THE COMPANIES ACT, 2013 ON THE FINANCIAL STATEMENTS OF DNP LIMITED FOR THE YEAR ENDED31 MARCH 2018


A. Comments on Disclosure

For and on the behalf of the Comptroller and Auditor General of India

Place : GuwahatiDate : 17-09-2018

Sd/- Accountant General (Audit), Assam


Balance Sheet` in thousands

PARTICULARS NOTE NO AS AT 31-MAR-2018

AS AT 31-MAR-2017

ASSETS1 NON-CURRENT ASSETS

3 (i)3 (ii)

45

2 CURRENT ASSETS6

789

1011

TOTAL ASSETS 29,45,854 28,86,512 EQUITY AND LIABILITIES

11213

2

141516

3

17151819

TOTAL EQUITY AND LIABILITIES 29,45,854 28,86,512

For and on behalf of Kanoi Associates

Sd/- (CA. Aakash Agarwalla)

For and on behalf of the Board of Directors

Sd/- A. K. Sharma

Sd/- Samujjal Borah

Sd/- Ashwini Pait

1 & 23 - 36


1 & 23 - 36

` in thousands

PARTICULARS OTE NO YEAR ENDED 31-MAR-2018

YEAR ENDED 31-MAR-2017

8,14,895 6,84,904

3,24,799 3,70,966

3,23,066 1,34,875

Statement of Pro it and Loss




Sd/- A. K. Sharma

Sd/- Samujjal Borah

Sd/- Ashwini Pait


` in

thou

sand

s

PARTICULARS

EQUITY SHARE CAPITAL

OTH

ER E

QU

ITY

RESE

RVES

AN

D S

URP

LUS

TOTAL

2,5

0,89

7 -

2,5

0,89

7

1,3

4,87

5

(28,

433) -

(5,7

88)

3,5

1,55

1

Stat

emen

t of C

hang

es in

Equ

ity


` in

thou

sand

s

PARTICULARS

EQUITY SHARE CAPITAL

OTH

ER E

QU

ITY

RESE

RVES

AN

D S

URP

LUS

TOTAL

3,5

1,55

1 -

3,5

1,55

1

3,2

3,06

6

(41,

813) -

(8,5

12)

6,2

4,29

2


` in thousands ` in thousandsCASH FLOW FROM OPERATING ACTIVITIES 31-Mar-18 31-Mar-17

ADD ADJUSTMENTS FOR

LESS ADJUSTMENTS FOR

ADJUSTMENTS FOR

NET CASH FROM OPERATING ACTIVITIES (AFTER TAX) 3,19,170 4,58,112 CASH FLOW FROM INVESTING ACTIVITIES

NET CASH FROM INVESTING ACTIVITIES 7,009 (52,715)CASH FLOW FROM FINANCING ACTIVITIES

NET CASH FROM FINANCING ACTIVITIES (1,84,326) (3,56,680)NET INCREASE IN CASH AND CASH EQUIVALENT 1,41,852 48,717

INCREASE IN CASH AND CASH EQUIVALENT 1,41,852 48,717

Cash Flow Statement for the period ended




Sd/- A. K. Sharma

Sd/- Samujjal Borah

Sd/- Ashwini Pait


1. CORPORATE INFORMATION

2. SIGNIFICANT ACCOUNTING POLICIES

A. BASIS FOR PREPARATION

B. USE OF ESTIMATES

C. PROPERTY, PLANT AND EQUIPMENT

a) Land

b) Fixed Asset other than Land

c) Intangible Assets:


d) Expenditure during construction period:

e) Pre-operative Expenditure

D. DEPRECIATION

`

E. INVENTORIES

F. REVENUE RECOGNITION


`

G. CLASSIFICATION OF INCOME/EXPENSES

`

`

H. BORROWING COSTS

I. FOREIGN CURRENCY TRANSACTION

J. CAPITAL GRANTS

K. PROVISIONS, CONTINGENT LIABILITIES AND CAPITAL COMMITMENTS

`

`

L. TAXES ON INCOME


M. IMPAIRMENT OF ASSETS

N. CENVAT / GST INPUT CREDIT

O. FINANCIAL INSTRUMENTS

(a) Initial Recognition

(b) Subsequent Recognition

(c) Fair Value of Financial instruments


Not

es F

orm

ing

Part

of F

inan

cial

Sta

tem

ents

Gro

ss B

lock

/Cos

t D

epre

ciat

ion

PART

ICU

LARS

TOTA

L 2

8,14

,318

4

7,38

2 -

28,

61,7

00

1,5

3,79

2 1

,36,

967

- 2

,90,

759

25,

70,9

41

26,

60,5

26

3 (i

) Pro

pert

y, P

lant

and

Equ

ipm

ents

` `


`

`

3 (i)

Pro

pert

y, P

lant

and

Equ

ipm

ents

PART

ICU

LARS

TOTA

L 2

8,61

,700

5

,640

6

2

8,67

,334

2

,90,

759

1,2

8,74

0 1

4

,19,

498

24,

47,8

36

25,

70,9

41

TOTA

L -

302

-

302

-

3 (i

i) C

apit

al W

ork-

in-p

rogr

ess


4 INTANGIBLE ASSETS UNDER DEVELOPMENT ` in thousands31-Mar-18 31-Mar-17

SOFTWARE

90 90

5 OTHER NON-CURRENT ASSETS ` in thousands31-Mar-18 31-Mar-17

874 872

6 INVENTORIES ` in thousands31-Mar-18 31-Mar-17

80,147 50,173

7 TRADE RECEIVABLES ` in thousands31-Mar-18 31-Mar-17

Unsecured

Not Exceeding Six Months :

1,19,313 1,20,297

8 CASH AND CASH EQUIVALENTS ` in thousands31-Mar-18 31-Mar-17

2,60,369 1,18,517

9 OTHER BANK BALANCES ` in thousands31-Mar-18 31-Mar-17

14,247 15,075

Notes Forming Part of Financial Statements


10 CURRENT TAX ASSETS (NET) ` in thousands31-Mar-18 31-Mar-17

Reconciliation of effective tax rate ` in thousands

For the year ended March

31, 2018

For the year ended March

31, 2017

Pro it before tax 4,90,096 3,07,035

Tax effect of:

Current Tax (A) 1,04,522 65,228

(B)Tax expense as per Statement of Pro it & Loss (A+B) 1,67,030 1,72,160

11 OTHER CURRENT ASSETS ` in thousands31-Mar-18 31-Mar-17

Security Deposits

Loans and advances to releated parties

Other Loans and advancesTo Employees

To Others

12,873 7,276

` `

`


12 EQUITY SHARE CAPITAL ` in thousands31-Mar-18 31-Mar-17

Equity SharesAuthorised

17,00,000 17,00,000 Issued, Subscribed and Paid up

16,72,500 16,72,500

a. Reconciliation of the shares outstanding at the beginning and at the end of the reporting period

` in thousands31-Mar-18 31-Mar-17

Equity Shares Number Amount Number Amount

b. Terms/right attached to equity shares

c. Shares held by holding company

` in thousands31-Mar-18 31-Mar-17

d. Details of shareholders holding more than 5% shares in the company31-Mar-18 31-Mar-17

Number % of Holding Number % of HoldingName of Shareholders

13 OTHER EQUITY ` in thousands

General Reserve Pro it & Loss Account Total

As at 01-April- 2016

As at 31-Mar-17 3,51,051 500 3,51,551 As at 01-April- 2017 3,51,051 500 3,51,551

As at 31-Mar-18 3,00,726 3,23,566 6,24,292


14 BORROWINGS ` in thousands

Non-current portion Current Maturities

31-Mar-18 31-Mar-17 31-Mar-18 31-Mar-17

Term Loans

From Assam Gas Company Limited

Secured - -

Unsecured - 1,08,000 1,08,000 2,70,000

Amount disclosed under the head “Other Financial Liabilities”.

- 1,08,000 - -

Additional Information to Secured/Unsecured Long Term Borrowings:

Detail of Securities and Terms of repayment

`` `

15 OTHER FINANCIAL LIABILITIES ` in thousands31-Mar-18 31-Mar-17

Non-Current:

(A) 16,066 19,988 Current:

(B) 1,69,809 3,28,552 TOTAL (A+B) 1,85,875 3,48,540


16 DEFERRED TAX LIABILITIES (NET) ` in thousands31-Mar-18 31-Mar-17

Deferred Tax Liability

TOTAL 4,36,905 4,12,491

Deferred Tax Assets

TOTAL - 38,094

Net Deferred Tax Liability

17 TRADE PAYABLE ` in thousands

31-Mar-18 31-Mar-17

23,702 28,133

18 OTHER CURRENT LIABILITIES ` in thousands

31-Mar-18 31-Mar-17

2,577 3,388

19 PROVISIONS ` in thousands

31-Mar-18 31-Mar-17

3 3


21 OTHER INCOME ` in thousands

April - Mar 18 April - Mar 17

Interest Income

14,277 19,823

22 EMPLOYEE BENEFITS EXPENSE ` in thousands


Salaries and wages

23 FINANCE COSTS ` in thousands


Interest expenses on loans

28,203 54,460

20 REVENUES FROM OPERATIONS ` in thousands


Sale of Services

8,00,618 6,65,080

` `


24 OTHER EXPENSES ` in thousandsApril - Mar 18 April - Mar 17

1,39,201 1,49,491

25 EXCEPTIONAL ITEMS ` in thousandsApril - Mar 18 April - Mar 17

6,902


26 F

INAN

CIAL

INST

RUM

ENTS

– F

AIR

VALU

ES A

ND

RIS

K M

ANAG

EMEN

T

A. A

ccou

ntin

g cl

assi

icat

ion

and

fair

val

ues

` in

thou

sand

sCa

rryi

ng a

mou

ntFa

ir v

alue

Mar

ch 3

1, 2

018

Man

dato

rily

at F

VTPL

FV

TOCI

- des

igna

ted

as su

chAm

ortis

ed C

ost

Tota

lLe

vel 1

Leve

l 2Le

vel 3

Tota

l

Fina

ncia

l ass

ets

- -

3,9

3,92

9 3

,93,

929

- -

- -

Fina

ncia

l lia

bilit

ies

28,

976

- 1

,80,

601

2,0

9,57

7 -

28,

976

- 2

8,97

6

Carr

ying

am

ount

Fair

val

ueM

arch

31,

201

7M

anda

tori

ly a

t FVT

PLFV

TOCI

- de

sign

ated

as

suc

hAm

orti

sed

Cost

Tota

lLe

vel 1

Leve

l 2Le

vel 3

Tota

l

Fina

ncia

l ass

ets

- -

2,5

3,88

9 2

,53,

889

- -

- -

Fina

ncia

l lia

bilit

ies

28,

893

- 4

,55,

780

4,8

4,67

3 -

28,

893

- 2

8,89

3


B. M

easu

rem

ent o

f fai

r va

lues

Fina

ncia

l ins

trum

ents

mea

sure

d at

fair

val

ue

Type

Valu

atio

n te

chni

que

Sign

iica

ntun

obse

rvab

le in

puts

Inte

r-re

lati

onsh

ip b

etw

een

sign

iica

nt

unob

serv

able

inpu

ts a

nd fa

ir v

alue

m

easu

rem

ent

C. F

inan

cial

ris

k m

anag

emen

t

i. Ri

sk m

anag

emen

t fra

mew

ork

i. M

arke

t ris

k


ii. Credit risk

Trade and other receivables

``

` in thousands

31-Mar-18 Gross carrying amount Weighed average loss rate - range Loss allowance


31-Mar-17 Gross carrying amount Weighed average loss rate - range Loss allowance


1,20,297 - -

Cash and cash equivalents

` `


iii. Liquidity risk

Exposure to liquidity risk

` in thousands




Financial liabilities

` in thousands


March 31, 2017 Up to1 year 1-3 years 3-5 years More than

5 years

Deposit from Customer

27` `

`

28 Earnings per equity share ` in thousands

31-Mar-18 31-Mar-17

`

`

`

29

30


33 Related Party Transactions

Particulars

` in thousands

Particulars 31-Mar-18 31-Mar-17

Terms and Conditions and nature of consideration for settlement:

31

32 Contingent Liabilities ` in thousands

31-Mar-18 31-Mar-17

Contingent Liabilities :

Guarantees : -

14,097 12,299

Commitments :

39,481 4,173


` in thousands

Particulars Nature of Transactions 31-Mar-18 31-Mar-17

Revenue Transactions:

` in thousands

Key management personnel compensation 31-Mar-18 31-Mar-17

34 Reconciliation of Expenditure on Corporate Social Responsibility (CSR) Activities are as follows:

` in thousands

2017-18 2016-17

Amount remaining unspent at the end of the year 858 4,930

35 Dividend

36 Previous year igures


Tripura Natural Gas Company Limited(TNGCL)


Balance Sheet as at 31 March 2018

Amount in Rs.

Particulars Note As at 31 March 2018

As at 31 March 2017

ASSETSNon Current Assets

Subtotal (A) 72,20,07,868 72,35,08,059

Current Assets

Subtotal (B) 53,28,46,900 38,75,09,519

Total Assets (A+B) 1,25,48,54,769 1,11,10,17,578


In terms of our report of even date

S. A. Majumdar & AssociatesBanani Debbarman N.Gangopadhayay

S.Majumdar Pradeep Kr. Mahato Atanu Datta Choudhury

EQUITY AND LIABILITIES

EQUITY

Total equity (C.) 76,28,42,902 64,69,14,114

LIABILITIES

Non Current Liabilities

Subtotal (D) 26,48,34,251 26,12,06,425

Current Liabilities

Subtotal (E) 22,71,77,616 20,28,97,038

Total Equity and Liabilities (C+D+E) 1,25,48,54,769 1,11,10,17,577 Refer accompanying notes to the inancial statements


Statement of Pro it & Loss for the Year ended 31st March 2018

Amount in Rs.

Particulars NoteNo.

Year Ended 31 March 2018

Year Ended 31 March 2017

I. Revenue from Operations (Gross)II. Other IncomeIII Total Revenue (I+II) 80,42,80,552 70,22,68,255

IV. Total Expenses 61,45,19,628 53,05,20,624 V. Pro it before Tax (III - IV) 18,97,60,923 17,17,47,631 VI. Tax Expenses - Current Year - Earlier Years Deferred TaxVII. Pro it for the Period (V-VI) 11,73,46,927 11,30,03,312 Other Comprehensive income VIII. Items that will not be reclassi ied to pro it or loss in subsequent periods

IX. Net other comprehensive loss not to be reclassi ied to pro it or loss in subsequent periods (14,18,139.30) -

Total comprehensive income (VII+ IX) 11,59,28,788 11,30,03,311.52

Earning Per Equity Share (Face Value `100/-each) 299.35 288.27 299.35 288.27


Statement of Cash Flows for the year ended 31 March 2018

Amount in Rs.

Particulars As at 31 March 2018

As at 31 March 2017

Cash Flow from Operating Activities

Operating Pro it before Working Capital changes I. Net Cash Flow from Operating Activities 22,67,89,126 25,01,35,409 Cash Flow from Investing Activities:

II. Net cash low (used in) investing activities (27,10,89,943) (9,08,03,845) Net Cash Flow From Financing Activities:

III. Net cash low (used in) inancing activities (2,38,00,000) (3,25,52,900)IV. Net (decrease ) / In cash and cash equivalents (I+II+III) (6,81,00,817) 12,67,78,663 Cash and cash equivalents (Closing) 11,88,84,051 18,69,84,868


Statement of Changes in Equity for the period ended 31 March 2018

(a) Equity Share Capital Amount Amount Number Amounts in INR

As at 31 March 2016

As at 31 March 2017 3,92,000 3,92,00,000

As at 31 March 2018 3,92,000 3,92,00,000

(b) Other equityFor the year ended 31 March 2018:

Attributable to the equity shareholders Retained earnings Total

As at 31 March 2016

As at 31 March 2017 60,77,14,114 60,77,14,114

As at 31 March 2018 72,36,42,902 72,36,42,902


Amou

nt in

Rs.

Cost/

Valu

atio

n P

NG P

rojec

t CN

G Pr

ojec

t B

uild

ing-

CNG

Stat

ion

Ofi

ce

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16

36,60

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5 11

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,934

10,53

,93,72

3

3,20

,108

21,88

,399

50,40

2

1,00

,402

2,95,5

17

14,10

7 2,

371

23,46

,223

4

,48,34

9 1,4

9,73,5

18

93,40

,721

60,87

,42,45

0

At 3

1 Mar

ch 20

17

45,97

,99,83

0 12

,08,44

,670

10,75

,16,42

7

4,36

,699

22,72

,976

50,40

2

1,00

,402

19,89

,474

1,28,4

27

2,37

1 25

,48,19

3

4,48

,349

1,67,1

0,765

3,5

0,03,2

05

71,28

,48,98

5

At 3

1 Mar

ch 20

18

53,53

,17,22

8 14

,43,34

,605

13,75

,57,89

4

7,10

,494

27,28

,941

50,40

2

1,04

,543

19,89

,474

1,28,4

27

2,37

1 41

,05,36

6

4,48

,349

1,67,1

0,765

2,5

8,76,2

00

84,41

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9

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16

1,65,8

4,313

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1,33,1

7,201

1,59

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6,09,4

62

25,87

8

7

3,295

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4,87

6 1

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17,01

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1

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8

-

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83,31

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At 3

1 Mar

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17

5,89,7

7,330

25

,04,13

5 1,7

8,01,0

75

2

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2 10

,53,44

8 35

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34,40

3 1,

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21,37

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2

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5

-

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3,82,9

43

At 3

1 Mar

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18

10,63

,43,28

8 2,9

6,45,6

32

2,39,6

0,323

4,35

,627

14,37

,311

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7

8

7,590

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6,811

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1 Mar

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17

40,08

,22,50

1 11

,83,40

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8,97,1

5,352

1,89

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12,19

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14,63

7

1

8,198

17

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7 94

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4,11,0

73

1

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5 1,6

7,10,7

65

3,50,0

3,205

62

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At 3

1 Mar

ch 20

18

42,89

,73,94

0 11

,46,88

,973

11,35

,97,57

1

2,74

,867

12,91

,630

8,745

1

6,953

14

,22,66

4 69

,543

772

12,25

,268

47,6

54 1

,67,10

,765

2,58,7

6,200

67

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Capi

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in p

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Secu

rity


Amount in Rs.

ParticularsAs at

31-Mar-18As at

31-Mar-17Current Non current Current Non current

4A) Loans

Other loans:

Total Loans 1,35,61,032 1,00,220 1,29,61,748 1,00,220 4B) Other inancial assets

Total - 86,83,066 - 4,90,82,057

Note 4 - Financial assets

Note 5 - Deferred taxation

Note 6 - Other non inancial assets

Amount in Rs.

ParticularsAs at As at

31-Mar-18 31-Mar-17Non current:

Deferred tax assets/liabilities-net 1,40,93,099 1,13,85,805

Amount in Rs.

Particulars

As at31-Mar-18

As at31-Mar-17

Current Non current Current Non

current

Total 8,85,008 90,19,038 5,07,737 98,56,536


Note 7 - Inventories

Note 8 Trade receivables

Note 9 - Cash and Bank balances

Amount in Rs.

Particulars As at31-Mar-18

As at31-Mar-17

Current:

Total 4,41,83,150.78 1,63,39,127.12

Amount in Rs.


As at31-Mar-17

Current:

Trade and other receivables 9,07,47,846 5,75,50,927

Total Trade and other receivables 7,53,95,368 5,75,50,927

Amount in Rs.


As at31-Mar-17

9A) Cash and cash equivalentsBalances with banks:

Deposit with maturity of less than 3 monthsCash on handTotal 11,88,84,051 18,69,84,868 9B ) Bank Balance othersEarmarked accounts:

Term Deposits:Total 27,99,38,291 11,31,65,111


Note 10 - Equity share capitalAmount in Rs.


As at31-Mar-17

Share capitalAuthorised

10,00,00,000 10,00,00,000 Issued, subscribed and fully paid up

3,92,00,000 3,92,00,000 Terms/ rights attached to equity shares:

2. Reconciliation of Shares outstanding at the beginning and at the end of the reporting period

Particulars 31-Mar-18 31-Mar-17

Shares outstanding at the end of the year 3,92,000 3,92,000

3. Details of Shareholders holding more than 5% shares in the Company:Particulars 31-Mar-18 31-Mar-17

Gail India Limited

Tripura Industrial Development Corporation Limited

Assam Gas Company Limited


Note 11 - Other equity

Note 12 - Borrowings

Note 13 - Trade Payables

Amount in Rs.


As at31-Mar-17

Other equity:60,77,14,114.24 60,77,14,114

Total 72,36,42,902 60,77,14,114

Amount in Rs.


As at31-Mar-17

Non current borrowings

Total Non Current Borrowings 4,39,78,290 6,07,18,545

Term Loans from Banks consists of the following:

Name of Bank Date of Maturity EIR Nature of security

Amount in Rs.


As at31-Mar-17

Total 3,07,79,392 2,24,93,062


Amount in Rs.

Particulars

As at31-Mar-18

As at31-Mar-17

Current Non current Current Non current

Other inancial liabilities at amortised cost:

Others:

Total other inancial liabilities at amortised cost 16,84,86,081 - 13,68,09,134 23,56,043

Note 14 - Other inancial liabilities

Note 15 - Provisions

Note 16 - Other non inancial liabilities

Amount in Rs.

ParticularsAs at

31-Mar-18As at


Total 78,80,258 2,19,87,924 75,45,137 1,53,49,985

Amount in Rs.

ParticularsAs at

31-Mar-18As at


Total 2,00,31,885 18,47,74,938 3,60,49,706 17,13,96,047


Note 17 - Revenue from Operations

Note 18 - Other Income

Note 19 - Gas Consumed

Note 20A - Employee Costs

Amount in Rs.

Particulars As at 31-Mar-18

As at 31-Mar-17

Income from operations

Total 76,00,48,783 66,98,01,251

Amount in Rs.


As at 31-Mar-17

Total 4,42,31,769 3,24,67,005

Amount in Rs.


As at 31-Mar-17

Total 23,72,96,284 20,94,04,735

Amount in Rs.


As at 31-Mar-17

Total 4,23,56,229 3,02,55,362


Note 20B - Employee Bene its

Net employee bene it expense (recognized in Employee Cost) for the year ended 31 March 2018Amount in Rs.

ParticularsGratuity Leave

encashment2017-18 2017-18

Total expenses included in employee bene it expense 9,83,202 56,61,739

Amount recognised in Other Comprehensive Income for the year ended 31 March 2018

ParticularsGratuity2017-18

Recognised in other comprehensive income 21,68,674

Changes in the present value of the de ined bene it obligation for the year ended 31 March 2018 is as follows:



Present value of obligation at the beginning: 73,85,085 79,64,900

De ined bene it obligation at the end 1,05,36,961 1,18,21,495


Bifurcation of Present value of obligation at the end of the year as per revised schedule III of the Companies Act, 2013:



De ined bene it obligation at the end 1,05,36,961 1,18,21,495

The principal assumptions used in determining above-mentioned obligations for the Company’s plans are shown below:



A quantitative sensitivity analysis for signi icant assumption as at 31 March 2018 is as shown below:

ParticularsGratuity Leave encashment

Decrease Increase Decrease Increase


Maturity Pro ile of De ined Bene it Obligation



The following payments are expected contributions to the de ined bene it plan in future years:



Total expected payments 2,81,03,450 3,98,22,734

Note 21 - Other ExpensesAmount in Rs.


As at 31-Mar-17


Total 19,76,15,543 16,80,85,226

Details of payments to auditors:

Particulars As per Ind AS

As at As per Ind AS

As at 31-Mar-18 31-Mar-17

Total 9,87,885 4,52,632


Note 22 - Finance Costs

Note 23 - Tax Expenses

Note 24 - Income Tax

Amount in Rs.


As at 31-Mar-17

Total 70,59,745 89,95,524

Amount in Rs.


As at 31-Mar-17

Total 7,24,13,996 5,87,44,319

Amount in Rs.a) Income tax related to items charged or credited directly to pro it or loss during the year:

Statement of pro it or loss 31-Mar-18 31-Mar-17Current income tax:

Deferred tax:

Tax expense 7,24,13,996 5,87,44,319

b) Reconciliation of tax expense and accounting pro it multiplied by India’s domestic tax rate

31-Mar-18 31-Mar-17Pro it before tax from continuing operations

Tax at Indian Tax rate

Income tax expense 7,24,13,995 5,87,44,318 Effective tax rate 38.16% 34.20%


c) Recognised deferred tax assets and liabilities

Amount in Rs. 31-Mar-18 31-Mar-17

Deferred tax (assets)/ liabilities 27,07,294 1,13,85,805

Net Deferred tax (assets)/ liabilities 1,40,93,099 1,13,85,805

Note 25A - Contingent Liabilities

Note 25B - Commitments

Note 26 - Related Party transactions

Amount in Rs.Particulars 31-Mar-18 31-Mar-17

Amount in Rs.Particulars 31-Mar-18 31-Mar-17

Show cause/ demand notices received from government authorities/Other Agencies -Sales tax / VAT liability that may arise in respect of matters in appeal

1,15,34,682 1,15,34,682

(A) Names of Related parties and nature of related party relationships

(a) Entities which exercise control/ joint-control/ signi icant in luence over the company

(b) Key management personnel


Note 27 - Segment Reporting

Entity wide disclosures:

Particulars 31 March, 2018

31 March, 2017

Gail (India) Limited

Total 1,29,15,880 1,09,87,785 Tripura Industrial Development Corporation Limited

Total 6,95,162 13,25,051


Note 28 - Financial risk management

1. Market Risk

(a) Interest rate risk

Sensitivity analysis:

Reporting period Increase/decreasein basis points

Effect on pro itbefore tax

31 March 2018+100-100

31 March 2017+100-100

(b) Foreign currency risk

2. Liquidity Risk


As at 31 March 2018 On demand Less than 3 months

3 to 12 months 1 to 5 years > 5 years Total

84,24,481

6,79,78,290

1,29,15,880

1,75,57,012

64,35,217

14,50,720

8,41,89,780

4,10,35,843

31,79,100

34,89,194

40,87,449

Total 8,97,48,472 7,73,01,558 3,19,08,943 5,24,02,771 - 25,07,42,966


As at 31 March 2017 On demand Less than 3 months

3 to 12 months

1 to 5 years > 5 years Total

65,95,274

8,49,18,545

1,09,87,785

1,12,73,477

14,50,720

6,80,87,880

3,25,14,095

36,30,140

34,89,194

57,93,147

Total 11,20,47,530 3,02,94,148 2,32,27,471 6,31,71,108 - 22,87,40,257


3. Credit risk

Trade and other receivables:

Product Credit period

Cash and cash equivalents:

Note 29 - Capital management


Particulars

Carrying amount Fair value Fair value

31 March 2018

31 March 2018 Level 1 Level 2 Level 3

Financial assets at amortised cost:Non current

Total 87,83,286 87,83,286 - - -

Financial liabilities at amortised cost:Non current

Total 4,39,78,290 4,39,78,290 -

Note 30 - Accounting classi ications and fair value measurements

Set out below is a comparison by class of the carrying amounts and fair values of the Company’s inancial instruments that are carried in the inancial statements:


Particulars

Carrying amount Fair value Fair value

31 March 2017

31 March 2017 Level 1 Level 2 Level 3

Financial assets at amortised cost:Non current

Total 1,00,220 1,00,220 - - -

Financial liabilities at amortised cost:Non current

Total 6,30,74,588 6,30,74,588 24,65,754

31-Mar-18INR

31-Mar-17INR

Basic earning per share attributable to the equity holders of the company

Diluted earning per share attributable to the equity holders of the company

Note 31 - Earnings Per Share (EPS)


The following re lects the income and share data used in the basic and diluted EPS computations:31-Mar-18

INR 31-Mar-17

INR

Pro it attributable to equity holders of the Company for basic earnings

Pro it attributable to equity holders of the Company adjusted for the effect of dilution

Weighted average number of Equity shares adjusted for the effect of dilution *

392000 392000

32.


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