SED RETAIL PRIVATE LIMITED
BALANCE SHEET AS AT MARCH
31, 2018
Note
As at March 31
As at March 31
Particulars
No.
2018
2017
I. EQUITY AND LIABILITIES
Shareholder's Fund
Share Capital
3
100,000.00
-
Reserves & Surplus
4
5,448.37
105,448.37
Non- Current Liabilities
Long Term borrowings
5
6,267,276.00
6,267,276.00
Current liabilities
Trade payables
6
41,000.00
Other current liabilities
7
37,291.80
Short Term Provisions
8
2,211.30
80,503.10
Total
6,453,227.47
-
II. ASSETS
Non- current assets
Fixed assets
Tangible Assets
9
-
-
Non - current Investments
10
6,446,333.43
-
Deferred Tax assets (Net)
0.00
6,446,333.43
Current Assets
Inventories
1,100.00
Trade Receivables
11
Cash & cash equivalents
12
5,794.04
Short-term loans & advances
13
-
Other Current Asset
6894.04
0.00
Total
6,453,227.47
-
Disclosure of Significant Accounting Pcl ties
1
As per our report attached for the even date
For Sunil K Gupta & Associates
For and on behalf of the Board of Directors
Chartered Accountants
Firn egistration No. 0
Amit Kum Jain
Partner
co,b4v‘ z
La it
ohan Saxena
Yash Saxena
Membershi No.
'2woo"17,71
(Director)
(Director)
DIN:
01300197
DIN:
07836405
Place
: New Delhi
Date
: 28.08.2018
SED RETAIL PRIVATE LIMITED
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31,
2018
Note
For the Year ended
For the Year ended
Particulars
No.
March 31 2018
March 31 2017
REVENUE
Revenue from operations
14
309,240.00
Other Income
15
15,061.33
Total Revenue
324,301.33
-
EXPENSES
Purchase
134,647.00
Change in Inventories of finished good; work in progress
16
(1,100.00)
Employee benefit expenses
17
77,500.00
Depreciation & Amortization Expenses
-
Other Expenses
18
104,305.96
Total Expenses
315,352.96
-
Profit/(loss) before exceptional and extra )rdinary items and tax
8,948.37
-
Exceptional items
-
Prior period items
-
Profit/(loss) before extraordinary items
3 id tax
8,948.37
Extraordinary items
-
Profit/(loss) before tax
8,948.37
-
Tax Expenses:
Current tax
3,500.00
Deferred tax Charge/(Reversal)
Current tax for previous years
-
Taxation adjustment for the PY
-
3,500.00
-
Profit/(loss) for the year
5,448.37
-
Earnings Per Share
Basic [Nominal value of shares Rs.10 (PY: Rs.10)]
0.54
Diluted
[Nominal value of shares Rs.10 (PY: Rs.10)]
0.54
-
For Sunil K Gupta & Associates
For and on behalf of the Board of Directors
Chartered Accountants
Firm Registration No. 02
& AS s,
Amit Kumar in
Partner
all T ohan Saxena
Yash Saxena
Membership o. 09
X
(Dsn
:
(Director)
(Director)
:\:4e"\r3l'd6i1:
;
's::
DIN: 01300197
DIN: 07836405
Place
: New Delhi
Date
: 28.08.2018
SED RETAIL PRIVATE LIMITED
Note 1 - ACCOUNTING POLICIES AND NOTES TO ACCOUNTS:
1. Significant Accounting Policies
1.1
System of Accounting:
The company maintains its books of accounts as per mercantile system of accounting in
accordance with generally accepted Accounting Principles.
1.2
Accounting Convention:
The accounts have been prepared under historical cost convention and in accordance
with the Accounting standards prescribed under section
133 of the Companies Act,
2013.
1.3
Fixed Assets
All the fixed assei, have been valued at cost less depreciation.
1.4
Depreciation
Depreciation has teen charged to Statement of Profit & Loss as per the Companies Act,
2013.
1.5
Revenue Recognition
Revenue is recognized only when it can be reliably measured and it is reasonable to
expect ultimate collection.
1.6
Provision for Income Tax
Provision for Income Tax has been made after taking into consideration deductions
allowable to the Company on account of business expenditure and depreciation as
allowed under the Income Tax Act, 1961.
1.7
Provisions for Contingent Liabilities
In the opinion of tI e management, there are no contingent liabilities.
As per our report of even date
For Sunil K.Gupta & Associates
For SED Retail Private Limited
Chartered Accountants
FRN: 02154N
NEW
L.
ohan Saxena
Yash Saxena
Amit Kufhar Jain
(Director)
(Director)
Partner
DIN: 01300197
DIN: 07836405
M.No.095016
Place: New Delhi
Date: 28.08.2018
SED RETAIL PRIVATE LIMITED
NOTES TO THE ACCOUNTS
NOTES TO ACCOUNTS
2. Related Party Disclosures
2.1 Details of Related Parties
Key Management Personnel
Lalit Mohan Saxena
Director
Yash Saxena
Director
Rekha Saxena
Director
Relatives of Key Manager ent Personnel
2.2 Details of related party 'ransactions during the year ended 31 March,
2018 and
balances outstanding as a
31 March, 2018
Nature of Transactions
Key
Relatives of
Enterprises
Total
Management
Key
over which
Personnel
Managemen
KMP is able
t Personnel
to exercise
significant
influence
Balances outstanding as a: year end
Short Term Borrowings
(Unsecured)
6267276.00
0.00
0.00
6267276.00
Previous year
0.00
0.00
0.00
0.00
Transactions during the year
Managerial Remuneration
77500.00
0.00
0.00
77500.00
Previous Year
0.00
0.00
0.00
0.00
Loan Taken
6267276.00
0.00
0.00
6267276.00
Previous Year
0.00
0.00
0.00
0.00
RN 002154 N
-5
NEW DELHI
SED RETAIL PRIVATE LIMITED
NOTES TO THE ACCOUNTS
As at 31
As at 31
Particulars
March
March
2018
2017
3. SHARE CAPITAL
Authorized :
10,000 (Previous Year: 10,000)
Equity shares of Face Value of Rs.10/- each
1,000,000
Issued
10,000 (Previous Year:
10,000)
Equity shares of Face Value of Rs.10/- each
100,000
Subscribed & Fully Paid-up Shares
10,000 (Previous Year:
10,000)
Equity shares of Face Value of Rs.10/- each
100,000
100,000
Reconciliation of the number of shares outsta Iiing at the beginning and at the end of the reporting period
Equity Shares
FY 2017-18
FY 2016-17
Number
ssued Capital(Rs
Number
Issued Capital(Rs)
Shares outstanding at the beginning of the yea
Shares issued during the year
10,000
100,000
Shares bought back during the year
Shares outstanding at the end of the year
10,000
100,000
Shares in the company held by each shareholcer holding more than 5 % shares specifying the number of shares held
Name of Shareholder
As at 31 March 2017
As at 31 March 2017
No. of Shares
% of Holding
No. of Shares
% of Holding
held
held
Lalit Mohan Saxena
1,400
14.00%
0.00%
Rekha Saxena
4,300
43.00%
0.00%
Yash Saxena
4,300
43.00%
0.00%
For the period of five years immediately preced∎ng the date as at which the Balance Sheet is prepared:
Aggregate number and class of shares:- allotted as fully paid up pursuant to contract(s) without payment being
received in cash, by way of bonus shares, bought back.
Year (Aggregate No. of Shares)
Particulars
2017-18
2016-17
2015-16
2014-15
2013-14
Equity Shares :
Fully paid up pursuant to contract(s) without
_
_
_
payment being received in cash
Fully paid up by way of bonus shares
-
-
Shares bought back
-
-
Preference Shares :
Fully paid up pursuant to contract(s) without
_
payment being received in cash
Fully paid up by way of bonus shares
-
-
-
Shares bought back
-
Shares with rights preferences and restrictions attaching to each class including restriction on distribution of dividend and repayment of capital
The Company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of the equity shares is entitled to one vote per
share. The Company declares and pay dividends in Indian rupees. The dividends proposed by the Board of Directors is subject to the approval of
the shareholders in the ensuing Annual General Meeting
In the event of liquidation of the company, the holders of the equity shares will be entitled to receive remaining assets of the Company, after
distribution of all preferential amounts. The distri
be in proportion to the number of equity shares held by the shareholders
SED RETAIL PRIVATE LI1VI TED
NOTES TO THE ACCOUNTS
As at 31
As at 31
Particulars
March
March
2018
2017
Note 4 : RESERVE & SURPLUS
a. General Reserve Account
Opening Balance
0.00
0.00
Transferred from surplus in sti ement of profit
0.00
0.00
Closing Balance
0.00
b. Surplus
Opening balance
0.00
0.00
Add: Net Profit/(Net Loss) For he current year
5,448.37
0.00
Less: Transferred to General 'Reserve
0.00
Closing Balance
5448.37
0.00
Total
5448.37
0.00
SED RETAIL PRIVATE LIMITED
NOTES TO THE ACCOUNTS
Particulars
As at 31
As at 31
March
March
2018
2017
NON-CURRENT LIABILITIES
5. LONG-TERM BORROWINGS
Term Loans
Loans & Advances from Related Parties
Unsecured
6267276.00
0.00
6267276.00
0.00
Total
6267276.00
0.00
Unsecured Loans from Related Parties
Rekha Saxena
40000.00
0.00
Lalit Mohan Saxena
83702.00
0.00
Yash Saxena
6143574.00
0.00
6267276.00
0.00
6 .TRADE PAYABLES
SED Enterprises
34500.00
0.00
Seven Star
6500.00
0.00
Total
41000.00
0.00
8. OTHER CURRENT LIABILITIES
Other payables
Expenses Payable
Director's Remuneration Payable
12500.00
0.00
Duties & Taxes
1191.80
0.00
Audit fee payable
23600.00
0.00
Total
37291.80
0.00
7. SHORT TERM PROVISIONS
Provision for Tax (Net of Advance Tax)
2,211.30
0.00
0.00
Total
2,211.30
0.00
SED RETAIL PVT LTD
NOTES TO THE ACCOUNTS
9. FIXED ASSETS - TANGIBLE
Description
Gross Block
Depreciation
Net Block
Deductions
Impairment
Adjusted
Deductions/
/adjustmen
/ (Reversal)
from
Provided
adjustment
As at March
Additions/adjustmen
t during the
during the
As at March
Up to 31st
Retained
during the
during the
As at March
As at March
As at March
31st 2017
t during the year
year
year
31st 2018
March 2017
Earning
year
year
31st 2018
31st 2018
31st 2017
Total
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Previous Year
0.00
u.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(,)
F6:-OP
0T--;(21544:5'
NEW Dam
ery
SED RETAIL PRIVATE LIMITED
NOTES TO THE ACCOUNTS
Particulars
As at 31
As at 31
March
March
2018
2017
10. NON CURRENT INVESTMENTS
HDFC Securities
6,446,333.43
0.00
6446333.43
0.00
11. TRADE RECEIVABLES
Trade receivables outstanding for a
per iod
exceeding six months from the
date they were due for payment
Unsecured, considered good
0.00
0.00
Other Trade receivables
Unsecured, considered good
0.00
0.00
0.00
0.00
12. CASH AND CASH EQUIVALENTS
Balances with scheduled banks
On current accounts
93.19
0.00
Cash on Hand
5,700.85
0.00
5794.04
0.00
13. SHORT TERM LOANS AND ADVAIV :ES
Security deposits
Unsecured, considered good
0.00
0.00
Advance Tax ( Net of provisions)
0.00
0.00
Unsecured, considered good
0.00
0.00
SED RETAIL PRIVATE LIMITED
NOTES TO THE ACCOUNTS
Particulars
For the year
For the year
ended 31
ended 31
March 2018
March 2017
14. REVENUE FROM OPERATIONS
Flax Biscuits
75,500.00
0.00
Flax Seeds
233,740.00
0.00
Total
309,240.00
-
15. OTHER INCOME
Interest Received & Dividend
13,363.83
0.00
Discount Received
1,697.50
0.00
Total
15061.33
0.00
16. CHANGES IN INVENTORIES CF
:INISHED GOODS WORK-IN-PROGRESS AND
STOCK-IN-TRADE
Stock at Close - WIP
0.00
0.00
Stock at Close - Finished
(1,100.00)
0.00
(1,100.00)
0.00
(Increase) / Decrease in Stocks
(1,100.00)
0.00
17. EMPLOYEE BENEFITS EXPENSE
i
Salaries, Wages, bonus, gratuity 8
other allowances
77,500.00
0.00
Staff welfare expenses
-
0.00
Total
77,500.00
0.00
SED RETAIL PRIVATE LIMIT ED
NOTES TO THE ACCOUNTS
Particulars
For the year
For the year
ended 31 March
ended 31 March
2018
2017
18. Other Expenses
Auditors Remuneration :
As Auditors:
Statutory Audit
23,600.00
0.00
Tax Audit
-
0.00
In Other capacity:
Taxation matters
0.00
23,600.00
0.00
Others :
Advertisement Expense
7,500.00
0.00
Bank Charges
7,181.01
0.00
Miscellaneous Expenses
7,297.80
0.00
ROC Charges
20,530.00
0.00
Fuel Charges
4,000.00
0.00
Label & Publicity Material
6,000.00
0.00
Accounting Charges
9,000.00
0.00
Penalties & Fees
10,213.28
0.00
Telephone Expenses
385.00
0.00
Loss on Sale of Shares
8,598.87
0.00
80,705.96
0.00
Total
104,305.96
0.00