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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED

Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[400100] Disclosure of general information about company


Unless otherwise specified, all monetary values are in INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Corporate identity number U02411KA1980PTC004053
Permanent account number of entity AAACF2300D
4 1 S T
KM,N.H.4,KULUVANAHALLI,NELAMANGALA
Address of registered office of company TALUK,,BANGALORE RURAL
DISTRICT,PIN-562
111.,Karnataka,INDIA
Commercial and
Type of industry Industrial
Registration date 22/12/1980
Whether company is listed company No
Date of board meeting when final accounts were approved 17/07/2018
Period covered by financial statements 12 Months 12 Months
Date of start of reporting period 01/04/2017 01/04/2016
Date of end of reporting period 31/03/2018 31/03/2017
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other
No
relevant books and papers in electronic form

Disclosure of principal product or services [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Types of principal product or services [Axis] 1
01/04/2017
to
31/03/2018
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code 9988
Manufacturing
services on physical
Description of product or service category inputs owned by
others
Turnover of product or service category 502,80,57,131
Highest turnover contributing product or service (ITC 8 digit) code 99884290
Other chemical
products
Description of product or service manufacturing
services n.e.c.
Turnover of highest contributing product or service 502,80,57,131
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[400400] Disclosures - Directors report

Details of contracts/arrangements/transactions not at arm's length basis [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Contracts/arrangements/transactions not at arm's length basis [Axis] 1
01/04/2017
to
31/03/2018
Details of contracts/arrangements/transactions not at arm's length basis [Abstract]
Details of contracts/arrangements/transactions not at arm's length basis [LineItems]
Fosroc International
Name of related party Limited
Nature of related party relationship Holding company
Description of nature of contracts/arrangements/transactions with related party NIL
Duration of contracts/arrangements/transactions with related party NIL
Dates of approval of contracts/arrangements/transactions with related party by board 01/04/2017
Fosroc International
Name of related party Limited
Nature of related party relationship Holding company

Details of directors signing board report [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Directors signing board report [Axis] 1 2
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
S A I
JOHN BAIRD
First name of director RAMANATHAN
WATSON
KRISHNAN
Designation of director Director Director
Director identification number of director 02832355 07823570
Date of signing board report 17/07/2018 17/07/2018

Details of material contracts/arrangements/transactions at arm's length basis [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Material contracts/arrangements/transactions at arm's length basis [Axis] 1
01/04/2017
to
31/03/2018
Fosroc International
Name of related party Limited
Nature of related party relationship Holding company
Details of material contracts/arrangements/transactions at arm's length basis [Abstract]
Details of material contracts/arrangements/transactions at arm's length basis [LineItems]
Fosroc International
Name of related party Limited
Nature of related party relationship Holding company
Description of nature of material contracts/arrangements/transactions with related party NIL
Duration of material contracts/arrangements/transactions with related party NIL
Dates of approval of material contracts/arrangements/transactions with related party by board 01/04/2017

2
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Unless otherwise specified, all monetary values are in INR


01/04/2017
to
31/03/2018
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Textual information (2)
Description of state of companies affair [See below]
The Board propose to
Transfer Rs.
412,733,334/-to
Reserves and
Disclosure relating to amounts if any which is proposed to carry to any
surplus. The balance
reserves of Reserves and Surplus
at the end of Financial
Year 31st March 2018 is
1,041,689,969
Textual information (3)
Disclosures relating to amount recommended to be paid as dividend [See below]
Textual information (4)
Details regarding energy conservation [See below]
Textual information (5)
Details regarding technology absorption [See below]
Foreign Exchange
Earnings and
Outgoings Earnings: Rs.
310,030,056/- (2016-17
Details regarding foreign exchange earnings and outgo R s .
343,296,669) Outgoings:
Rs. 838,293,615/-
(2016-17 Rs.
563,345,843)
Textual information (6)
Disclosures in director’s responsibility statement [See below]
Details of material changes and commitment occurred during period Textual information (7)
affecting financial position of company [See below]
Textual information (8)
Particulars of loans guarantee investment under section 186 [TextBlock] [See below]
Particulars of contracts/arrangements with related parties under section Textual information (9)
188(1) [TextBlock] [See below]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Whether there are material contracts/arrangements/transactions at
No
arm's length basis
Date of board of directors' meeting in which board's report referred
17/07/2018
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3) Textual information (10)
[TextBlock] [See below]
Disclosure of statement on declaration given by independent directors Textual information (11)
under section 149(6) [TextBlock] [See below]
Disclosure for companies covered under section 178(1) on
Textual information (12)
directors appointment and remuneration including other matters [See below]
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk Textual information (13)
management policy [TextBlock] [See below]
Details on policy development and implementation by company on
Textual information (14)
corporate social responsibility initiatives taken during year [See below]
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Textual information (15)
Disclosure of financial summary or highlights [TextBlock] [See below]
Textual information (16)
Disclosure of change in nature of business [TextBlock] [See below]
Details of directors or key managerial personnels who were Textual information (17)
appointed or have resigned during year [TextBlock] [See below]
Disclosure of companies which have become or ceased to be its
Textual information (18)
subsidiaries, joint ventures or associate companies during [See below]
year [TextBlock]
Details relating to deposits covered under chapter v of companies act Textual information (19)
[TextBlock] [See below]
Details of deposits which are not in compliance with requirements Textual information (20)
of chapter v of act [TextBlock] [See below]
Details of significant and material orders passed by
Textual information (21)
regulators or courts or tribunals impacting going concern [See below]
status and company’s operations in future [TextBlock]

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Details regarding adequacy of internal financial controls with Textual information (22)
reference to financial statements [TextBlock] [See below]
Disclosure of appointment and remuneration of managerial personnels Textual information (23)
[TextBlock] [See below]
Number of meetings of board 45

4
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]


DIRECTOR’S REPORT
Dear Members,
Fosroc Chemicals (India) Private Limited

Your Board of Directors have great pleasure in presenting Thirty Eighth (38 th ) Annual Report of the Company together with the audited
accounts for the year ended 31, March 2018.

Review of the financial Performance


The summary of financial performance of the company for the year ended March 31, 2018 is as under,

PARTICULARS 2017-2018 2016-2017

Sales and Other Income 4,977,431,790 4,330,402,166

Less: Expenses before Depreciation 4,280,485,568 3,630,361,476

Profit /(Loss)before Depreciation& Tax 696,946,222 700,040,690

Less: Depreciation 62,127,005 56,156,939

Profit /(Loss) before Tax 634,819,217 643,883,751

Less: Tax Paid 222,085,883 220,536,211

NET PROFIT/(LOSS) Transferred to Reserves and surplus (PAT) 412,733,334 423,347,540

The Board propose to Transfer Rs. 412,733,334/-to Reserves and surplus.

Personnel
The Company attaches great importance to Human Resource Development thus striving towards harmonizing Companies objectives and
individual employee growth all times. The Directors wish to place on records their appreciation for the efficient loyal service rendered by
workmen / Employees at all levels.

Dividend and appropriations


Interim dividend for the financial year 2017-18 amounting to Rs.361,072,944 /- (Including dividend distribution tax Rs.61,072,944 /-) was
declared by the Board of Directors on various dates and paid. The Directors have recommended no further dividend for the year ending 31 st
March, 2018. The Board proposes to confirm the interim dividend as Final Dividend.

Public Deposits
The Company has not accepted any deposits and as such no amount towards repayment of principal or payment of interest was outstanding as on
31 st March, 2018.

Auditors’ Report:
The Auditors Report is self-explanatory and does not contain any adverse remarks.

Auditors
M/s.MSKA & Associates, Chartered Accountants, Statutory Auditors of the Company, who were appointed as the Statutory Auditors of the
Company due to casual vacancy created on the EGM conducted on 28 th November 2017.The Auditors will be retiring on the date of AGM and

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

will be reappointed

The Company has received certificate from the statutory Auditor to the effect that his appointment/reappointment, if made, would be within the
prescribed limit under Section 141 of the Companies Act, 2013 and he is not disqualified from being appointed / reappointed within the meaning
of 141 of the said Act.

M/s. G.S & Associates, Practicing Cost Auditor, Bangalore, appointed as Cost Auditor of the Company on 30 th November, 2017 and the last
date for submitting the report was 30 th September 2018 and M/s G S & Associates.

Number of meetings of the Board


During the financial year ending on March 31, 2018, the Board of Directors of your Company duly met 45 (Forty five) times. The intervening gap
between any two meetings was within the period prescribed by the Companies Act, 2013.

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Conservation of Energy and Technology Absorption


The details of the conservation of energy, technology absorption, foreign exchange earnings and outgo as required to be disclosed under section
134(3)(m) of the Companies Act, 2013 read with rule 8(3) of the Companies (Accounts) Rules, 2014 are given hereunder:

Conservation of energy

the steps
taken or
Energy conservation continues to receive priority attention at all levels. All efforts are made to conserve and
(i) impact on
optimize use of energy.
conservation
of energy

the steps
The nature of the industry, The Company manufactures and markets a wide variety of construction chemicals
taken by the
in the nature of Concreting Products, Grouting Products, Flooring Products, Water Proofing compounds, and
company for
the principal customers are construction companies/ contractors and retail stockiest/applicators. The Company
(ii) utilizing
continued its efforts to improve the efficiency of the production process and conservation of energy during the
alternate
year, Location of offices and quantum of energy utilised by the company does not make it economically viable
sources of
for utilizing alternate sources of energy.
energy

the capital
investment
(iii) on energy During the year under consideration, the Company has not invested on energy conservation equipment’s.
conservation
equipment’s

Technology absorption

the efforts made towards


(i) Continuous improvements through our R&D Centre
technology absorption

the benefits derived like product


improvement, cost reduction,
(ii)
product development or import Not applicable
substitution

Technology import from our collaborator cum-parent company is


an on-going process. Information about new products and
support for up gradation of existing products are obtained and
in case of imported technology
absorbed on a continuous basis.
(imported during the last three
(iii) -
years reckoned from the beginning
of the financial year) -
-

the details of technology


imported

the year of import;

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

whether the technology


been fully absorbed

if not fully absorbed, areas


where absorption has not
taken place, and the
reasons thereof

the expenditure incurred on


(iv) 3,063,248/-
Research and Development

.
Foreign Exchange Earnings and Outgoings
Earnings: Rs. 310,030,056/- ( 2016-17 Rs. 343,296,669)
Outgoings: Rs. 838,293,615/- ( 2016-17 Rs. 563,345,843)

Directors’ Responsibility Statement


The Directors’ Responsibility Statement referred to in clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, shall state that—
(i) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to
material departures;
(ii) The directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the
company for that period;
(iii) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of
this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;
(iv) The directors had prepared the annual accounts on a “going concern basis” and
(v) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate
and operating effectively.

Whether there has been any default in repayment of deposits or payment of interest thereon during the year and if so, number of such cases and
the total amount involved-
(i) At the beginning of the year: - NIL
(ii) Maximum during the year: - NIL
(iii) At the end of the year: - NIL

Form No. MGT -9 Extract of annual return as on the financial year ended on 31.03.2018
The Form MGT 9 prepared pursuant to Section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies Management and
Administration Rules, 2014 is attached herewith.

Material Changes and Commitments:


There were no material changes and commitments which affecting the financial position of the Company between the close of financial year of
the Company to the date of the report that has an effect to the financial position of the Company.

Particulars of loan, guarantees or investments under Section 186 of Companies Act 2013:
The Company has not provided any loans, Guarantee or made investment as envisaged under the provisions of Section 186.

Particulars of Employees
Pursuant to the Rule 5(2) and Rule 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rule, 2014, statement of
particulars of employees is as per the details given below

Name of the employee R. Sai Krishnan

Designation of Employee Regional Vice President

Gross Remuneration Received 15,336,160

Nature of Employment Full time employment and Director

Qualifications and experience 31 years

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Date of commencement of employment April 21,2009

Age of employee 52 years

Last employment held by employee before joining the company Mars Inc, Dubai

Percentage of equity shares held by the employee Nil

Relationship With Director/ Manager if any Not Applicable

Internal Finance Control


The Company has in place adequate internal financial controls with reference to financial statements. During the year, such controls were tested
and no reportable material weakness in the design or operation was observed.

Corporate Social Responsibility (CSR):


The details of the CSR policy and CSR spending are elaborated in Annexure –I, to this report.

Particulars of contracts or arrangements with related parties:


The particulars of every contract or arrangements entered into by the Company with related parties referred to in sub-section (1) of section 188 of
the Companies Act, 2013 including certain arm’s length transactions under third proviso thereto is attached herewith in Form No. AOC-2.

Independent Directors
Your company is not required to appoint independent Director(s) and not required to obtain declaration from them as per the provisions of Section
149 of Companies Act, 2013 and rules made there under.

Changes in Directors and Key Managerial Personnel:


Mr. Sanjiv Dutta (DIN: 08067406) has been appointed for the office of the Director on 14th February, 2018, and Mrs. Divya Kadilkar
(DIN:07669716) resigned on 12th January, 2018 to his position of Director
Committees of the Board
Your Company, being a private limited company, is not required to constitute an Audit Committee and a Nomination and Remuneration
Committee under the provisions of Section 177 and Section 178 of the Companies Act, 2013 respectively read with rule 6 of the Companies
(Meetings of Board and its Powers) Rules, 2014.

Subsidiary/Associate/Joint Venture Company:


No other company became or ceased to be the subsidiary/associate/joint venture company of the Company during the year under review.

Risk management policy


Risk management policy in line with business exposure has been documented and followed up in monthly management meetings for mitigation if
any.

Compliance with Sexual Harassment law


The Company has zero tolerance for sexual harassment at workplace and has adopted a policy on prevention, prohibition and redressed of sexual
harassment at workplace in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal)
Act, 2013 and the rules made thereunder.
There were no complaints received on sexual harassment at workplace during the Financial Year 2017-18.

A report on the performance and financial position of each of the subsidiaries, associates and joint venture Companies included in the
consolidated financial statement
Not Applicable

Orders from the Regulators / Courts / Tribunals


The Company during the financial year has not been into prosecution or no orders have been issued by the regulators or the Courts or the
Tribunals which may have impact on the going concern status of the Company and the Companies operations in future. The Company only has
tax cases which are appealed in routine manner in tax courts.

Acknowledgement
Your Board of Directors further record their gratitude to our valued bankers for providing their wholehearted co-operation and assistance.
Your Board of Directors are pleased to place on record their sense of gratitude to Auditors and Company Secretary for providing necessary
assistance.

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Place: Bangalore For and on behalf of the Board of Directors


Date:17.07.2018

Sai Ramanathan Krishnan John Baird Watson Watt


Director Director
(DIN:02832355) (DIN: 07823570)

FORM NO. MGT 9


EXTRACT OF ANNUAL RETURN

As on financial year ended on 31.03.2018

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

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

REGISTRATION & OTHER DETAILS :

CIN U02411KA1980PTC004053

Registration Date 22/12/1980

Name of the Company Fosroc Chemicals (India) Private Limited

Category/Sub-category of the Company Indian Non-Government Company Limited By Shares

41 st KM, N H -4, Kuluvanahalli Post,


NelamangalaTaluk,
Address of the Registered office & contact details
Bangalore Rural District-562 111.
080-42521900

Whether listed company NO

Name, Address & contact details of the Registrar & Transfer Agent, if
NA
any.

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY (All the business activities contributing 10% or more of the total turnover of the
company shall be stated)

NIC Code of % to
the total
S.
Name and Description of main products / services Product/service turnover
No.
of the
company

The Company manufactures and markets a wide variety of construction chemicals in the nature of
1 Concreting Products, Grouting Products, Flooring Products, Water Proofing compounds, and the 2022 98%
principal customers are construction companies/ contractors and retail stockiest/applicators.

PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES : (All the business activities contributing 10 % or more of the
total turnover of the company shall be stated)

Holding/ subsidiary/
Sl. CIN/GLN associate % holding as at 31-03- Applicable
Particulars Country
No. 2018 section

Fosroc International
1. UK NA Holding 99.99 2 (84)
Limited

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

A). SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
Category-wise Share Holding

%
No. of Shares held at Change
No. of Shares held at
the beginning of the
Category of Shareholders the end of the year[As
year[As on during
on 31-March-2018]
31-March-2017] the
year

% of % of
Demat Physical Total Total Demat Physical Total Total
Shares Shares

A. Promoter s

(1) Indian - - - - - - - - -

a) Individual/ HUF - - -

b) Central Govt - - - - - - - - -

c) State Govt(s) - - - - - - - - -

d) Body Corporates. - 800000 800000 100 800000 800000 100


NIL

e) Banks / FI - - - - - - - - -

f) Any other - - - - - - - - -

800000 800000 100 800000 800000 100


Sub-total A(1)

Foreign - - - - - - - -

NRIs-Individuals - - - - - - - - -

Other -Individuals - - - - - - - - -

Bodies Corporate - - - - - - - - -

Banks/Financial
- - - - - - - - -
Institutions

Any other - - - - - - - - -

12
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Sub-total(A)(2) - 800000 800000 100 800000 800000 100

Total Shareholding of
Promoters - 800000 800000 100 800000 800000 100
(A)=A(1)+(A)(2)

Total shareholding of
800000 800000 100 - 800000 800000 100 NIL
Promoter (A)

B. Public Shareholding

1. Institutions - - - - - - - - -

a) Mutual Funds - - - - - - - - -

b) Banks / FI - - - - - - - - -

c) Central Govt - - - - - - - - -

d) State Govt(s) - - - - - - - - -

e) Venture Capital Funds - - - - - - - - -

f) Insurance Companies - - - - - - - - -

g) FIIs - - - - - - - - -

h) Foreign Venture
- - - - - - - - -
Capital Funds

i) Others (specify) - - - - - - - - -

Sub-total (B)(1):- - - - - - - - - -

2. Non-Institutions

a) Bodies Corp.

i) Indian - - - - - - - - -

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

ii) Overseas - - - - - - - - -

b) Individuals - - - - - - - - -

i) Individual shareholders
holding nominal share - - - - - - - - -
capital uptoRs. 1 lakh

ii) Individual shareholders


holding nominal share
- - -
capital in excess of Rs 1
lakh

c) Others (specify) - - - - - - - - -

Non Resident Indians - - - - - - - - -

Overseas Corporate
- - - - - - - - -
Bodies

Foreign Nationals - - - - - - - - -

Clearing Members - - - - - - - - -

Trusts - - - - - - - - -

Foreign Bodies - D R - - - - - - - - -

Sub-total (B)(2):- - -

Total Public Shareholding


- - - - - - - - -
(B)=(B)(1)+ (B)(2)

C. Shares held by
Custodian for GDRs & - - - - - - - - -
ADRs

Grand Total (A+B+C) - 800000 800000 100 - 800000 800000 100 NIL

B) Shareholding of Promoter-

Shareholding
Shareholding at the at the end of % change in
Shareholder’s
SN beginning of the year the year shareholding during
Name
(April 1, 2017) March the year
31,2018

14
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

%of Shares % of total %of Shares


% of total
Pledged / No. of Shares of Pledged /
No. of Shares Shares of the
encumbered to total Shares the encumbered to
company
shares company total shares

Fosroc International
1 799999 99.99 NA 799999 99.99 NA NIL
Ltd UK

Fosroc Investments
2 UK [Earlier known 1 0.01 NA 1 0.01 NA NIL
as JMH UK]

C) Change in Promoters’ Shareholding - There is no change in Promoters Shareholdings

D) Shareholding Pattern of top ten Shareholders: NIL

(Other than Directors, Promoters and Holders of GDRs and ADRs):

E) Shareholding of Directors and Key Managerial Personnel: NIL

F) INDEBTEDNESS - Indebtedness of the Company including interest outstanding/accrued but not due for payment. NIL

Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtedness

Indebtedness at the beginning of the financial year NIL

i) Principal Amount

ii) Interest due but not paid

iii) Interest accrued but not due

Total (i+ii+iii)

Change in Indebtedness during the financial year

* Addition

* Reduction

Net Change

15
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Indebtedness at the end of the financial year

i) Principal Amount

ii) Interest due but not paid

iii) Interest accrued but not due

Total (i+ii+iii)

XI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL-


A. Remuneration to Managing Director, Whole-time Directors and/or Manager:

Particulars of Name of Total


SN.
Remuneration MD Amount

1 Gross salary NIL NIL

(a) Salary as per provisions contained in section 17(1) of the Income-tax


Act, 1961

(b) Value of perquisites u/s 17(2) Income-tax Act, 1961

(c) Profits in lieu of salary under section 17(3) Income- tax Act, 1961

2 Stock Option

3 Sweat Equity

Commission
- as % of profit
4
- others, specify…

Others, please specify


5

Total (A)

Ceiling as per the Act

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

B. Remuneration to Other Executive Directors:

Particulars of Ravindrababu R Sai Gopinath Sanjiv Divya


SN. Vinayak
Remuneration UB Krishnan Nagarathnam Dutta Kadilkar

1 Gross salary

(a) Salary as per provisions contained


in section 17(1) of the Income-tax Act, 4,508,491 14,622,883 5,254,405 1,786,500 3,642,500 1,801,414
1961

(b) Value of perquisites u/s 17(2)


81,715 713,277 115,248 NIL
Income-tax Act, 1961

(c) Profits in lieu of salary under


section 17(3) Income- tax Act, 1961

2 Stock Option NIL NIL NIL NIL

3 Sweat Equity NIL NIL NIL NIL

Commission
- as % of profit
4 - others, NIL NIL NIL NIL
specify…

Others, please
5 specify - NIL NIL NIL NIL

Total (A)
4,590,206 15,336,160 5,369,653 1,786,500 3,642,500 1,801,414

Ceiling as per
the Act No Limit No Limit No Limit No Limit - No Limit No Limit

C. Remuneration to other directors

SN. Particulars of Remuneration Name of Directors Total Amount

NIL NIL NIL NIL NIL

17
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

1 Independent Directors

Fee for attending board committee meetings

Commission

Others, please specify

Total (1)

2 Other Non-Executive Directors

Fee for attending board committee meetings

Commission

Others, please specify

Total (2)

Total (B)=(1+2)

Total Managerial
Remuneration

Overall Ceiling as per the Act

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

SN Particulars of Remuneration Key Managerial Personnel

CEO CS CFO Total

1 Gross salary
NA

(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961

(b) Value of perquisites u/s 17(2) Income-tax Act, 1961

(c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961

18
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

2 Stock Option

3 Sweat Equity

4 Commission

- as % of profit

- others, specify

5 Others, please specify

Total

XII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

Authority Appeal made,


Section of the Brief Details of Penalty / Punishment/ Compounding
Type [RD / NCLT/ if any (give
Companies Act Description fees imposed
COURT] Details)

A. COMPANY

Penalty NIL

Punishment

Compounding

B. DIRECTORS

Penalty NIL

Punishment

Compounding

C. OTHER OFFICERS IN DEFAULT

19
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Penalty NIL

Punishment

Compounding

For and on behalf of the Board of Directors

Place: Bangalore
Date: 17.07.2018 Sai Ramanathan Krishnan John Baird Watson Watt
Director Director
(DIN:02832355) (DIN: 07823570)

Form No. AOC-2

Particulars of contracts/ arrangements made with related parties


[Pursuant to clause (h) of sub-section (3) of section 134 of the Companies Act, 2013 and Rule 8(2) of Companies (Accounts) Rules, 2014 – AOC
2]

Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of
section 188 of the Companies Act, 2013 including certain arm’s length transactions under third proviso thereto

I. Details of contracts or arrangements or transactions not at arm’s length basis:

There were no contracts or arrangements or transactions entered into during the year ended March 31, 2018 which were not at arm’s length basis.

II. Details of contracts or arrangements or transactions at arm’s length basis:Nil

Salient terms of the Date(s)


Name(s)
contracts or of Amount
of the
Nature of Nature of Duration of the contracts / arrangements or approval paid as
related
relationship contracts/arrangements/transactions arrangements/transactions transactions by the advances,
party
including the value, Board, if if any:
if any: any:

-- -- -- -- -- -- --

Place: Bangalore For and on behalf of the Board of Directors


Date:17.07.2018

Sai Ramanathan Krishnan John Baird Watson Watt


Director Director
(DIN:02832355) (DIN: 07823570 )

Annexure –I

20
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

A brief outline of the company's CSR policy, including overview of projects or programs proposed to be undertaken and a reference to the
web-link to the CSR policy and projects or programs.

The Composition of the CSR Committee.


Mr.R.Sai Krishnan - Chairman
Mr.Ravindra Babu U.B - Member
Mr.G.BVamadev - Member
Mr. Sachin Gurav - Member.

Average net profit of the company for last three financial years – INR 476,239,793
(FY 2014-15, 2015-16 & 2016-17, Net Profit before Tax Rs. 287,668,092 /-, Rs. 497,167,535/- & Rs. 643,883,751 respectively)

Prescribed CSR Expenditure for the year is INR 9,524,795.85/-(two per cent. of the average net profit of previous three years INR 9,524,795.85/-)

Details of CSR spent during the financial year.

Amount spent during the FY 2017-18. Refer to CSR Policy reported above.

Manner in which the amount spent during the financial year is detailed below.

(1) (2) (3) (4) (5) (6) (7) (8)

Amount spent
on the
projects or
Amount
CSR Programs Cumulative Amount spent:
Sector in outlay
project or Projects or programs(1)Local area or other Subheads: expenditure Direct or
which the (budget)
Sl activity (2) Specify the State and district where (1)Direct upto the through
Project is project or
No Identified. projects or programs was undertaken expenditure reporting implementing
covered programs
on projects or period agency *
wise
programs.
(2)
Overheads:

Improving hands on training on specialised


Prompting applications of water proofing, Repairs
Education VII (ii) &Flooring materials, to generate
9,524,796 2,734,067 6,790,729 Direct
1 / Training self-employment amongst artisan’s /
unskilled people.

For and on behalf of the Board of Directors


Place: Bangalore
Date: 17.07.2018

Sai Ramanathan Krishnan John Baird Watson Watt


Director Director
(DIN:02832355) (DIN: 07823570 )

Textual information (2)

Description of state of companies affair


Review of the financial Performance The summary of financial performance of the company for the year ended March 31, 2018 is as under,
PARTICULARS 2017-2018 2016-2017 Sales and Other Income 4,977,431,790 4,330,402,166 Less: Expenses before Depreciation 4,280,485,568
3,630,361,476 Profit /(Loss)before Depreciation& Tax 696,946,222 700,040,690 Less: Depreciation 62,127,005 56,156,939 Profit /(Loss) before
Tax 634,819,217 643,883,751 Less: Tax Paid 222,085,883 220,536,211 NET PROFIT/(LOSS) Transferred to Reserves and surplus (PAT)
412,733,334 423,347,540

21
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (3)

Disclosures relating to amount recommended to be paid as dividend


Dividend and appropriations Interim dividend for the financial year 2017-18 amounting to Rs.361,072,944 /-(Including dividend distribution tax
Rs.61,072,944/-) was declared by the Board of Directors on various dates and paid. The Directors have recommended no further dividend for the
year ending 31st March, 2018. The Board proposes to confirm the interim dividend as Final Dividend.

Textual information (4)

Details regarding energy conservation


Conservation of Energy and Technology Absorption The details of the conservation of energy, technology absorption, foreign exchange earnings
and outgo as required to be disclosed under section 134(3)(m) of the Companies Act, 2013 read with rule 8(3) of the Companies (Accounts)
Rules, 2014 are given hereunder: (a) Conservation of energy (i) the steps taken or impact on conservation of energy Energy conservation
continues to receive priority attention at all levels. All efforts are made to conserve and optimize use of energy. (ii) the steps taken by the
company for utilizing alternate sources of energy The nature of the industry, The Company manufactures and markets a wide variety of
construction chemicals in the nature of Concreting Products, Grouting Products, Flooring Products, Water Proofing compounds, and the principal
customers are construction companies/ contractors and retail stockiest/applicators. The Company continued its efforts to improve the efficiency of
the production process and conservation of energy during the year, Location of offices and quantum of energy utilised by the company does not
make it economically viable for utilizing alternate sources of energy. (iii) the capital investment on energy conservation equipment’s During the
year under consideration, the Company has not invested on energy conservation equipment’s.

Textual information (5)

Details regarding technology absorption


(b) Technology absorption (i) the efforts made towards technology absorption Continuous improvements through our R&D Centre (ii) the
benefits derived like product improvement, cost reduction, product development or import substitution Not applicable (iii) in case of imported
technology (imported during the last three years reckoned from the beginning of the financial year) - Technology import from our collaborator
cum-parent company is an on-going process. Information about new products and support for up gradation of existing products are obtained and
absorbed on a continuous basis. - - - (a) the details of technology imported (b) the year of import; (c) whether the technology been fully absorbed
(d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof (iv) the expenditure incurred on Research and
Development 3,063,248/- .

Textual information (6)

Disclosures in director’s responsibility statement


Directors’ Responsibility Statement The Directors’ Responsibility Statement referred to in clause (c) of sub-section (3) of Section 134 of the
Companies Act, 2013, shall state that— (i) In the preparation of the annual accounts, the applicable accounting standards had been followed along
with proper explanation relating to material departures; (ii) The directors had selected such accounting policies and applied them consistently and
made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of
the financial year and of the profit and loss of the company for that period; (iii) The directors had taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for
preventing and detecting fraud and other irregularities; (iv) The directors had prepared the annual accounts on a “going concern basis” and (v)
The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate
and operating effectively.

Textual information (7)

Details of material changes and commitment occurred during period affecting financial position of company
Material Changes and Commitments: There were no material changes and commitments which affecting the financial position of the Company
between the close of financial year of the Company to the date of the report that has an effect to the financial position of the Company.

22
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (8)

Particulars of loans guarantee investment under section 186 [Text Block]


Particulars of loan, guarantees or investments under Section 186 of Companies Act 2013:
The Company has not provided any loans, Guarantee or made investment as envisaged under the provisions of Section 186.

Textual information (9)

Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
Particulars of contracts or arrangements with related parties:
The particulars of every contract or arrangements entered into by the Company with related parties referred to in sub-section (1) of section 188 of
the Companies Act, 2013 including certain arm’s length transactions under third proviso thereto is attached herewith in Form No. AOC-2.

Form No. AOC-2

Particulars of contracts/ arrangements made with related parties


[Pursuant to clause (h) of sub-section (3) of section 134 of the Companies Act, 2013 and Rule 8(2) of Companies (Accounts) Rules, 2014 – AOC
2]

Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of
section 188 of the Companies Act, 2013 including certain arm’s length transactions under third proviso thereto

I. Details of contracts or arrangements or transactions not at arm’s length basis:

There were no contracts or arrangements or transactions entered into during the year ended March 31, 2018 which were not at arm’s length basis.

II. Details of contracts or arrangements or transactions at arm’s length basis:Nil

Salient terms of the Date(s)


Name(s)
contracts or of Amount
of the
Nature of Nature of Duration of the contracts / arrangements or approval paid as
related
relationship contracts/arrangements/transactions arrangements/transactions transactions by the advances,
party
including the value, Board, if if any:
if any: any:

-- -- -- -- -- -- --

23
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (10)

Disclosure of extract of annual return as provided under section 92(3) [Text Block]
FORM NO. MGT 9
EXTRACT OF ANNUAL RETURN

As on financial year ended on 31.03.2018

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

REGISTRATION & OTHER DETAILS:

CIN U02411KA1980PTC004053

Registration Date 22/12/1980

Name of the Company Fosroc Chemicals (India) Private Limited

Category/Sub-category of the Company Indian Non-Government Company Limited By Shares

41st KM, N H -4, Kuluvanahalli Post,


NelamangalaTaluk,
Address of the Registered office & contact details
Bangalore Rural District-562 111.
080-42521900

Whether listed company NO

Name, Address & contact details of the Registrar & Transfer Agent, if
NA
any.

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY (All the business activities contributing 10% or more of the total turnover of the
company shall be stated)

NIC Code of % to
the total
S.
Name and Description of main products / services Product/service turnover
No.
of the
company

The Company manufactures and markets a wide variety of construction chemicals in the nature of
1 Concreting Products, Grouting Products, Flooring Products, Water Proofing compounds, and the 2022 98%
principal customers are construction companies/ contractors and retail stockiest/applicators.

PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES : (All the business activities contributing 10 % or more of the
total turnover of the company shall be stated)

24
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Holding/ subsidiary/
Sl. CIN/GLN associate % holding as at 31-03- Applicable
Particulars Country
No. 2018 section

Fosroc International
1. UK NA Holding 99.99 2 (84)
Limited

A). SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)
Category-wise Share Holding

%
No. of Shares held at Change
No. of Shares held at
the beginning of the
Category of Shareholders the end of the year[As
year[As on during
on 31-March-2018]
31-March-2017] the
year

% of % of
Demat Physical Total Total Demat Physical Total Total
Shares Shares

A. Promoter s

(1) Indian - - - - - - - - -

a) Individual/ HUF - - -

b) Central Govt - - - - - - - - -

c) State Govt(s) - - - - - - - - -

d) Body Corporates. - 800000 800000 100 800000 800000 100


NIL

e) Banks / FI - - - - - - - - -

f) Any other - - - - - - - - -

800000 800000 100 800000 800000 100


Sub-total A(1)

Foreign - - - - - - - -

NRIs-Individuals - - - - - - - - -

Other -Individuals - - - - - - - - -

25
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Bodies Corporate - - - - - - - - -

Banks/Financial
- - - - - - - - -
Institutions

Any other - - - - - - - - -

Sub-total(A)(2) - 800000 800000 100 800000 800000 100

Total Shareholding of
Promoters - 800000 800000 100 800000 800000 100
(A)=A(1)+(A)(2)

Total shareholding of
800000 800000 100 - 800000 800000 100 NIL
Promoter (A)

B. Public Shareholding

1. Institutions - - - - - - - - -

a) Mutual Funds - - - - - - - - -

b) Banks / FI - - - - - - - - -

c) Central Govt - - - - - - - - -

d) State Govt(s) - - - - - - - - -

e) Venture Capital Funds - - - - - - - - -

f) Insurance Companies - - - - - - - - -

g) FIIs - - - - - - - - -

h) Foreign Venture
- - - - - - - - -
Capital Funds

i) Others (specify) - - - - - - - - -

Sub-total (B)(1):- - - - - - - - - -

26
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

2. Non-Institutions

a) Bodies Corp.

i) Indian - - - - - - - - -

ii) Overseas - - - - - - - - -

b) Individuals - - - - - - - - -

i) Individual shareholders
holding nominal share - - - - - - - - -
capital uptoRs. 1 lakh

ii) Individual shareholders


holding nominal share
- - -
capital in excess of Rs 1
lakh

c) Others (specify) - - - - - - - - -

Non Resident Indians - - - - - - - - -

Overseas Corporate
- - - - - - - - -
Bodies

Foreign Nationals - - - - - - - - -

Clearing Members - - - - - - - - -

Trusts - - - - - - - - -

Foreign Bodies - D R - - - - - - - - -

Sub-total (B)(2):- - -

Total Public Shareholding


- - - - - - - - -
(B)=(B)(1)+ (B)(2)

C. Shares held by
Custodian for GDRs & - - - - - - - - -
ADRs

Grand Total (A+B+C) - 800000 800000 100 - 800000 800000 100 NIL

27
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

B) Shareholding of Promoter-

Shareholding
Shareholding at the at the end of % change in
Shareholder’s
SN beginning of the year the year shareholding during
Name
(April 1, 2017) March the year
31,2018

%of Shares % of total %of Shares


% of total
Pledged / No. of Shares of Pledged /
No. of Shares Shares of the
encumbered to total Shares the encumbered to
company
shares company total shares

Fosroc International
1 799999 99.99 NA 799999 99.99 NA NIL
Ltd UK

Fosroc Investments
2 UK [Earlier known 1 0.01 NA 1 0.01 NA NIL
as JMH UK]

C) Change in Promoters’ Shareholding - There is no change in Promoters Shareholdings

D) Shareholding Pattern of top ten Shareholders: NIL

(Other than Directors, Promoters and Holders of GDRs and ADRs):

E) Shareholding of Directors and Key Managerial Personnel: NIL

F) INDEBTEDNESS -Indebtedness of the Company including interest outstanding/accrued but not due for payment. NIL

Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtedness

Indebtedness at the beginning of the financial year NIL

i) Principal Amount

ii) Interest due but not paid

iii) Interest accrued but not due

Total (i+ii+iii)

Change in Indebtedness during the financial year

28
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

* Addition

* Reduction

Net Change

Indebtedness at the end of the financial year

i) Principal Amount

ii) Interest due but not paid

iii) Interest accrued but not due

Total (i+ii+iii)

XI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL-


A. Remuneration to Managing Director, Whole-time Directors and/or Manager:

Particulars of Name of Total


SN.
Remuneration MD Amount

1 Gross salary NIL NIL

(a) Salary as per provisions contained in section 17(1) of the Income-tax


Act, 1961

(b) Value of perquisites u/s 17(2) Income-tax Act, 1961

(c) Profits in lieu of salary under section 17(3) Income- tax Act, 1961

2 Stock Option

3 Sweat Equity

Commission
- as % of profit
4
- others, specify…

Others, please specify


5

29
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Total (A)

Ceiling as per the Act

B. Remuneration to Other Executive Directors:

Particulars of Ravindrababu R Sai Gopinath Sanjiv Divya


SN. Vinayak
Remuneration UB Krishnan Nagarathnam Dutta Kadilkar

1 Gross salary

(a) Salary as per provisions contained


in section 17(1) of the Income-tax Act, 4,508,491 14,622,883 5,254,405 1,786,500 3,642,500 1,801,414
1961

(b) Value of perquisites u/s 17(2)


81,715 713,277 115,248 NIL
Income-tax Act, 1961

(c) Profits in lieu of salary under


section 17(3) Income- tax Act, 1961

2 Stock Option NIL NIL NIL NIL

3 Sweat Equity NIL NIL NIL NIL

Commission
- as % of profit
4 - others, NIL NIL NIL NIL
specify…

Others, please
5 specify - NIL NIL NIL NIL

Total (A)
4,590,206 15,336,160 5,369,653 1,786,500 3,642,500 1,801,414

Ceiling as per
the Act No Limit No Limit No Limit No Limit - No Limit No Limit

C. Remuneration to other directors

30
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

SN. Particulars of Remuneration Name of Directors Total Amount

NIL NIL NIL NIL NIL

1 Independent Directors

Fee for attending board committee meetings

Commission

Others, please specify

Total (1)

2 Other Non-Executive Directors

Fee for attending board committee meetings

Commission

Others, please specify

Total (2)

Total (B)=(1+2)

Total Managerial
Remuneration

Overall Ceiling as per the Act

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

SN Particulars of Remuneration Key Managerial Personnel

CEO CS CFO Total

1 Gross salary
NA

31
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961

(b) Value of perquisites u/s 17(2) Income-tax Act, 1961

(c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961

2 Stock Option

3 Sweat Equity

4 Commission

- as % of profit

- others, specify

5 Others, please specify

Total

XII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

Authority Appeal made,


Section of the Brief Details of Penalty / Punishment/ Compounding
Type [RD / NCLT/ if any (give
Companies Act Description fees imposed
COURT] Details)

A. COMPANY

Penalty NIL

Punishment

Compounding

B. DIRECTORS

Penalty NIL

32
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Punishment

Compounding

C. OTHER OFFICERS IN DEFAULT

Penalty NIL

Punishment

Compounding

For Fosroc Chemicals (India) Private Limited

Place: Bangalore
Date: 17.07.2018 Sai Ramanathan Krishnan John Baird Watson Watt
Director Director
(DIN:02832355) (DIN: 07823570)

Textual information (11)

Disclosure of statement on declaration given by independent directors under section 149(6) [Text Block]
Independent Directors
Your company is not required to appoint independent Director(s) and not required to obtain declaration from them
as per the provisions of Section 149 of Companies Act, 2013 and rules made there under.

Textual information (12)

Disclosure for companies covered under section 178(1) on directors appointment and remuneration including other
matters provided under section 178(3) [Text Block]
Committees of the Board
Your Company, being a private limited company, is not required to constitute an Audit Committee and a Nomination and Remuneration
Committee under the provisions of Section 177 and Section 178 of the Companies Act, 2013 respectively read with rule 6 of the Companies
(Meetings of Board and its Powers) Rules, 2014.

Textual information (13)

Disclosure of statement on development and implementation of risk management policy [Text Block]
Risk management policy
Risk management policy in line with business exposure has been documented and followed up in monthly management meetings for mitigation if
any.

33
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (14)

Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
Corporate Social Responcibility

A brief outline of the company's CSR policy, including overview of projects or programs proposed to be undertaken and a reference to the
web-link to the CSR policy and projects or programs.

The Composition of the CSR Committee.


Mr.R.Sai Krishnan - Chairman
Mr.Ravindra Babu U.B - Member
Mr.G.BVamadev - Member
Mr. Sachin Gurav - Member.

Average net profit of the company for last three financial years – INR 476,239,793
(FY 2014-15, 2015-16 & 2016-17, Net Profit before Tax Rs. 287,668,092 /-, Rs. 497,167,535/- & Rs. 643,883,751 respectively)

Prescribed CSR Expenditure for the year is INR 9,524,795.85/-(two per cent. of the average net profit of previous three years INR 9,524,795.85/-)

Details of CSR spent during the financial year.

Amount spent during the FY 2017-18. Refer to CSR Policy reported above.

Manner in which the amount spent during the financial year is detailed below.

(1) (2) (3) (4) (5) (6) (7) (8)

Amount spent
on the
projects or
Amount
CSR Programs Cumulative Amount spent:
Sector in outlay
project or Projects or programs(1)Local area or other Subheads: expenditure Direct or
which the (budget)
Sl activity (2) Specify the State and district where (1)Direct upto the through
Project is project or
No Identified. projects or programs was undertaken expenditure reporting implementing
covered programs
on projects or period agency *
wise
programs.
(2)
Overheads:

Improving hands on training on specialised


Prompting applications of water proofing, Repairs
Education VII (ii) &Flooring materials, to generate
9,524,796 2,734,067 6,790,729 Direct
1 / Training self-employment amongst artisan’s /
unskilled people.

34
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (15)

Disclosure of financial summary or highlights [Text Block]


Review of the financial Performance
The summary of financial performance of the company for the year ended March 31, 2018 is as under,

PARTICULARS 2017-2018 2016-2017

Sales and Other Income 4,977,431,790 4,330,402,166

Less: Expenses before Depreciation 4,280,485,568 3,630,361,476

Profit /(Loss)before Depreciation& Tax 696,946,222 700,040,690

Less: Depreciation 62,127,005 56,156,939

Profit /(Loss) before Tax 634,819,217 643,883,751

Less: Tax Paid 222,085,883 220,536,211

NET PROFIT/(LOSS) Transferred to Reserves and surplus (PAT) 412,733,334 423,347,540

Textual information (16)

Disclosure of change in nature of business [Text Block]


Material Changes and Commitments:
There were no material changes and commitments which affecting the financial position of the Company between the close
of financial year of the Company to the date of the report that has an effect to the financial position of the Company.

Textual information (17)

Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]
Changes in Directors and Key Managerial Personnel:
Mr. Sanjiv Dutta (DIN: 08067406) has been appointed for the office of the Director on 14th February, 2018, and Mrs. Divya Kadilkar
(DIN:07669716) resigned on 12th January, 2018 to his position of Director

Textual information (18)

Disclosure of companies which have become or ceased to be its subsidiaries, joint ventures or associate companies
during year [Text Block]
Subsidiary/Associate/Joint Venture Company:
No other company became or ceased to be the subsidiary/associate/joint venture company of the Company during the year
under review.

35
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (19)

Details relating to deposits covered under chapter v of companies act [Text Block]
Public Deposits
The Company has not accepted any deposits and as such no amount towards repayment of principal or payment of interest was outstanding as on
31st March, 2018.

Textual information (20)

Details of deposits which are not in compliance with requirements of chapter v of act [Text Block]
Public Deposits
The Company has not accepted any deposits and as such no amount towards repayment of principal or payment of interest was outstanding as on
31 st March, 2018.

Whether there has been any default in repayment of deposits or payment of interest thereon during the year and if so, number of such cases and
the total amount involved-
(i) At the beginning of the year: - NIL
(ii) Maximum during the year: - NIL
(iii) At the end of the year: - NIL

Textual information (21)

Details of significant and material orders passed by regulators or courts or tribunals impacting going concern status
and company’s operations in future [Text Block]
Orders from the Regulators / Courts / Tribunals
The Company during the financial year has not been into prosecution or no orders have been issued by the regulators or
the Courts or the Tribunals which may have impact on the going concern status of the Company and the Companies
operations in future. The Company only has tax cases which are appealed in routine manner in tax courts.

Textual information (22)

Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
Internal Finance Control
The Company has in place adequate internal financial controls with reference to financial statements. During the year,
such controls were tested and no reportable material weakness in the design or operation was observed.

Textual information (23)

Disclosure of appointment and remuneration of managerial personnels [Text Block]


Changes in Directors and Key Managerial Personnel:
Mr. Sanjiv Dutta (DIN: 08067406) has been appointed for the office of the Director on 14th February, 2018,
and Mrs. Divya Kadilkar (DIN:07669716) resigned on 12th January, 2018 to his position of Director

36
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[400200] Disclosures - Auditors report

Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Auditor's
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark
[Member]
01/04/2017
to
31/03/2018
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report
[LineItems]
Textual information
Disclosure in auditors report relating to fixed assets (24) [See below]
Textual information
Disclosure in auditors report relating to inventories (25) [See below]
Textual information
Disclosure in auditors report relating to loans (26) [See below]
Textual information
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013 (27) [See below]
Textual information
Disclosure in auditors report relating to deposits accepted (28) [See below]
Textual information
Disclosure in auditors report relating to maintenance of cost records (29) [See below]
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (30) [See below]
Textual information
Disclosure in auditors report relating to default in repayment of financial dues (31) [See below]
Disclosure in auditors report relating to public offer and term loans used for purpose for which Textual information
those were raised (32) [See below]
Disclosure in auditors report relating to fraud by the company or on the company by its officers Textual information
or its employees reported during period (33) [See below]
Textual information
Disclosure in auditors report relating to managerial remuneration (34) [See below]
Textual information
Disclosure in auditors report relating to Nidhi Company (35) [See below]
Textual information
Disclosure in auditors report relating to transactions with related parties (36) [See below]
Disclosure in auditors report relating to preferential allotment or private placement of shares or Textual information
convertible debentures (37) [See below]
Disclosure in auditors report relating to non-cash transactions with directors or persons connected Textual information
with him (38) [See below]
Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of India Textual information
Act, 1934 (39) [See below]

37
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Details regarding auditors [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Auditors [Axis] 1
01/04/2017
to
31/03/2018
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
Name of audit firm MSKA & Associates
Name of auditor signing report Deepak kumar rao
Firms registration number of audit firm 105047W
Membership number of auditor 113292
Floor 6, No.5,
Prestige Khoday
Address of auditors Tower, Raj bhavan
Road, Bangalore
560001
Permanent account number of auditor or auditor's firm AACFK3470E
SRN of form ADT-1 G68452424
Date of signing audit report by auditors 18/07/2018
Date of signing of balance sheet by auditors 17/07/2018

Unless otherwise specified, all monetary values are in INR


01/04/2017
to
31/03/2018
Textual information (40)
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks

Textual information (24)

Disclosure in auditors report relating to fixed assets


The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets. All the fixed
assets have been physically verified by the management during the year and no material discrepancies were identified on such verification.
According to the information and explanations given to us and on the basis of our examination of the records of the Company, the title deeds of
immovable properties are held in the name of the Company.

Textual information (25)

Disclosure in auditors report relating to inventories


The inventory (excluding stocks with third parties) has been physically verified by the management during the year. In respect of inventory lying
with third parties, these have substantially been confirmed by them. In our opinion, the frequency of verification is reasonable. No material
discrepancies were noticed on verification between the physical stocks and the book records.

Textual information (26)

Disclosure in auditors report relating to loans


The Company has not granted any loans, secured or unsecured to Companies, Firms, Limited Liability Partnerships (LLP) or other parties covered
in the register maintained under section 189 of the Companies Act, 2013 (‘the Act’). Accordingly, the provisions stated in paragraph 3 (iii) (a) to
(c) of the Order are not applicable to the Company. In our opinion and according to the information and explanations given to us, the Company
has not either directly or indirectly, granted any loan to any of its directors or to any other person in whom the director is interested, in accordance
with the provisions of section 185 of the Act and the Company has not made investments through more than two layers of investment companies
in accordance with the provisions of section 186 of the Act. Accordingly, provisions stated in paragraph 3(iv) of the Order are not applicable to
the Company.

38
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (27)

Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
In our opinion and according to the information and explanations given to us, the Company has not either directly or indirectly, granted any loan
to any of its directors or to any other person in whom the director is interested, in accordance with the provisions of section 185 of the Act and the
Company has not made investments through more than two layers of investment companies in accordance with the provisions of section 186 of
the Act. Accordingly, provisions stated in paragraph 3(iv) of the Order are not applicable to the Company.

Textual information (28)

Disclosure in auditors report relating to deposits accepted


In our opinion and according to the information and explanations given to us, the Company has not accepted any deposits from the public within
the meaning of Sections 73, 74, 75 and 76 of the Act and the rules framed there under.

Textual information (29)

Disclosure in auditors report relating to maintenance of cost records


We have broadly reviewed the books of account relating to materials, labour and other items of cost maintained by the Company pursuant as
specified by the Central Government for the maintenance of cost records under sub-section (1) of section 148 of the Act and we are of the opinion
that prima facie the prescribed accounts and records have been made and maintained. We have not, however, made a detailed examination of the
records with a view to determine whether they are accurate or complete.

Textual information (30)

Disclosure in auditors report relating to statutory dues [Text Block]


According to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company is
regular in depositing with appropriate authorities undisputed statutory dues including provident fund, employees' state insurance, income-tax,
sales-tax, service tax, duty of customs, duty of excise, value added tax, cess and any other statutory dues applicable to it, however, there have
been slight delay in few cases.

Textual information (31)

Disclosure in auditors report relating to default in repayment of financial dues


The Company does not have any loans or borrowings from any financial institution, banks, government or debenture holders during the year.
Accordingly, the provision stated in paragraph 3(viii) of the Order is not applicable to the Company.

Textual information (32)

Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
The Company did not raise any money by way of initial public offer or further public offer (including debt instruments) and term loans during the
year. Accordingly, the provisions stated in paragraph 3 (ix) of the Order are not applicable to the Company.

Textual information (33)

Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
During the course of our audit, examination of the books and records of the Company, carried out in accordance with the generally accepted
auditing practices in India, and according to the information and explanations given to us, we have neither come across any instance of material
fraud by the Company or on the Company by its officers or employees.

39
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (34)

Disclosure in auditors report relating to managerial remuneration


According to the information and explanations given to us, since the Company is a Private Company, the provisions of section 197 of the Act will
not be applicable. Accordingly, the provisions stated in paragraph 3(xi) of the Order are not applicable to the Company.

Textual information (35)

Disclosure in auditors report relating to Nidhi Company


In our opinion and according to the information and explanations given to us, the Company is not a Nidhi Company. Accordingly, the provisions
stated in paragraph 3(xii) of the Order are not applicable to the Company.

Textual information (36)

Disclosure in auditors report relating to transactions with related parties


According to the information and explanations given to us and based on our examination of the records of the Company, transactions with the
related parties are in compliance with sections 177 and 188 of the Act where applicable and details of such transactions have been disclosed in the
financial statements as required by the applicable accounting standards.

Textual information (37)

Disclosure in auditors report relating to preferential allotment or private placement of shares or convertible
debentures
According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not
made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year. Accordingly, the
provisions stated in paragraph 3 (xiv) of the Order are not applicable to the Company.

Textual information (38)

Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not
entered into non-cash transactions with directors or persons connected with him. Accordingly, provisions stated in paragraph 3(xv) of the Order
are not applicable to the Company.

Textual information (39)

Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of India Act, 1934
In our opinion, the Company is not required to be registered under section 45 IA of the Reserve Bank of India Act, 1934 and accordingly, the
provisions stated in paragraph clause 3 (xvi) of the Order are not applicable to the Company.

40
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (40)

Disclosure in auditor’s report explanatory [Text Block]


INDEPENDENT AUDITOR’S REPORT

To the Members of Fosroc Chemicals (India) Private Limited.

Report on the Financial Statements

We have audited the accompanying financial statements of Fosroc Chemicals (India) Private Limited. (“the Company”), which comprise the
Balance Sheet as at March 31, 2018, the Statement of Profit and Loss and the Cash Flow Statement for the year then ended, and a summary of
significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements

The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (“the Act”) with respect to
the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the
Company in accordance with accounting principles generally accepted in India, including the Accounting Standards specified under Section 133
of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 and Companies (Accounting Standards) Amendment Rules, 2016. This
responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the
assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting
policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal
financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the
preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to
fraud or error.

Auditor’s Responsibility

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

We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the
audit report under the provisions of the Act and the Rules made thereunder.

We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that
we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are
free from material misstatement.

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 auditor’s judgment, 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 Company’s
preparation of the financial 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 accounting policies used and the reasonableness of the accounting estimates made by
the Company’s Directors, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the financial
statements.

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the
information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally
accepted in India, of the state of affairs of the Company as at March 31, 2018, and its profit and its cash flows for the year ended on that date.

Emphasis of Matter

We draw attention to Note 40 of the Financial Statements which states that ‘Trade payables’ include foreign currency payables to its group
company amounting to Rs. 47,97,965 which are outstanding for more than 6 months and ‘Trade receivable’ and ‘Other current assets’ include
foreign currency receivable from its group company and its customers amounting to Rs. 85,62,031 which are receivable for more than 9 months.
These results in non-compliance of various regulations, circulars and notifications issued under Foreign Exchange Management Act (FEMA),
1999. The Company is in process of evaluating and regularising the requisite compliances under FEMA Regulations. The consequential impact on
the financial statements is not ascertainable at present.

Our report is not modified in respect of these matters.

Other Matter

41
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

The financial statements of the Company for the year ended March 31, 2017, were audited by another auditor whose report dated September 22,
2017 expressed an unmodified opinion on those statements.

Our opinion is not modified in respect of this matter.

Report on Other Legal and Regulatory Requirements

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

We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes
of our audit.

In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those
books.

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.

In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7
of the Companies (Accounts) Rules, 2014 and Companies (Accounting Standards) Amendment Rules, 2016.

On 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 March 31, 2018 from being appointed as a director in terms of Section 164 (2) of the Act.

With respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating effectiveness of such
controls, refer to our separate report in ‘Annexure A’

With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules,
2014, in our opinion and to the best of our information and according to the explanations given to us:

The Company has disclosed the impact of pending litigations on its financial position in its financial statements – Refer Note 26 to the financial
statements.

The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.

There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.

As required by the Companies (Auditor’s Report) Order, 2016 (“the Order”) issued by the Central Government in terms of sub-section 11 of

42
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

section 143 of the Act, we give in the ‘Annexure B’, a statement on the matters specified in paragraphs 3 and 4 of the Order.

For MSKA & Associates (Formerly known as MZSK & Associates)

Chartered Accountants

ICAI Firm Registration No. 105047W

Deepak Rao

Partner

Membership No.113292

Place: Bengaluru

Date: 17/07/2018

ANNEXURE A TO THE INDEPENDENT AUDITOR’S REPORT OF EVEN DATE ON THE FINANCIAL STATEMENTS OF FOSROC
CHEMICALS (INDIA) PRIVATE LIMITED FOR THE YEAR ENDED MARCH 31, 2018.

[Referred to in paragraph 1 (f) under ‘Report on Other Legal and Regulatory Requirements’ in the Independent Auditor’s Report]

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

We have audited the internal financial controls over financial reporting of Fosroc Chemicals (India) Private Limited (“the Company”) as of March
31, 2018 in conjunction with our audit of the financial statements of the Company for the year ended on that date.

Management’s Responsibility for Internal Financial Controls

The Company’s Management is responsible for establishing and maintaining internal financial controls based on the internal control over
financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on
Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India (ICAI) (the “Guidance
Note”. These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating
effectively for ensuring the orderly and efficient conduct of its business, including adherence to Company’s policies, the safeguarding of its
assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of
reliable financial information, as required under the Act.

Auditors’ Responsibility

Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting based on our audit. We conducted
our audit in accordance with the Guidance Note and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section
143(10) of the Act, to the extent applicable to an audit of internal financial controls. Those Standards and the Guidance Note require that we
comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial
controls over financial reporting was established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial
reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of
internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and
operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor’s judgement, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.

43
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company’s
internal financial controls system over financial reporting.

Meaning of Internal Financial Controls Over Financial Reporting

A Company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
A Company's internal financial control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide
reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of
management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper
management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation
of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial
reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may
deteriorate.

Opinion

In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal

44
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

financial controls over financial reporting were operating effectively as at March 31, 2018, based on the internal control over financial reporting
criteria established by the Company considering the essential components of internal control stated in the Guidance Note.

For MSKA & Associates (Formerly known as MZSK & Associates)

Chartered Accountants

ICAI Firm Registration No. 105047W

Deepak Rao

Partner

Membership No.113292

Place: Bengaluru

Date: 17/07/2018

ANNEXURE B TO INDEPENDENT AUDITOR’S REPORT OF EVEN DATE ON THE FINANCIAL STATEMENTS OF FOSROC
CHEMICALS (INDIA) PRIVATE LIMITED FOR THE YEAR ENDED MARCH 31, 2018

[Referred to in paragraph 2 under ‘Report on Other Legal and Regulatory Requirements’ in the Independent Auditor’s Report]

The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets.

All the fixed assets have been physically verified by the management during the year and no material discrepancies were identified on such
verification.

According to the information and explanations given to us and on the basis of our examination of the records of the Company, the title deeds of
immovable properties are held in the name of the Company.

The inventory (excluding stocks with third parties) has been physically verified by the management during the year. In respect of inventory lying
with third parties, these have substantially been confirmed by them. In our opinion, the frequency of verification is reasonable. No material
discrepancies were noticed on verification between the physical stocks and the book records.

The Company has not granted any loans, secured or unsecured to Companies, Firms, Limited Liability Partnerships (LLP) or other parties covered
in the register maintained under section 189 of the Companies Act, 2013 (‘the Act’). Accordingly, the provisions stated in paragraph 3 (iii) (a) to
(c) of the Order are not applicable to the Company.

In our opinion and according to the information and explanations given to us, the Company has not either directly or indirectly, granted any loan
to any of its directors or to any other person in whom the director is interested, in accordance with the provisions of section 185 of the Act and the
Company has not made investments through more than two layers of investment companies in accordance with the provisions of section 186 of
the Act. Accordingly, provisions stated in paragraph 3(iv) of the Order are not applicable to the Company.

In our opinion and according to the information and explanations given to us, the Company has not accepted any deposits from the public within
the meaning of Sections 73, 74, 75 and 76 of the Act and the rules framed there under.

45
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

We have broadly reviewed the books of account relating to materials, labour and other items of cost maintained by the Company pursuant as
specified by the Central Government for the maintenance of cost records under sub-section (1) of section 148 of the Act and we are of the opinion
that prima facie the prescribed accounts and records have been made and maintained. We have not, however, made a detailed examination of the
records with a view to determine whether they are accurate or complete.

According to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company is
regular in depositing with appropriate authorities undisputed statutory dues including provident fund, employees' state insurance, income-tax,
sales-tax, service tax, duty of customs, duty of excise, value added tax, cess and any other statutory dues applicable to it, however, there have
been slight delay in few cases.

According to the information and explanation given to us, undisputed amounts payable in respect of provident fund, employees' state insurance,

46
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

income-tax, sales-tax, service tax, duty of customs, duty of excise, value added tax, cess and any other statutory dues applicable to the Company
which were in arrears, as at March 31, 2018 for a period of more than six months from the date they became payable are as follows :

Amount
Nature of the Period to which
Name of the statute Due Date Date of Payment
dues the amount relates
Rs.

78,625 FY 2012-13
FY 2013-14
The Orissa state tax on Professions Trades, Professional FY 2015-16 20 th day of every Unpaid as of the
Callings and Employment Act, 2000 tax FY 2016-17 subsequent month date of report

14,450 FY 2017-18

14,480 FY 2014-15
FY 2015 -16
Professional tax as per Kerala Municipal Act, Professional 20 th day of every Unpaid as of the
FY 2016 – 17
1994 tax subsequent month date of report
2,080 FY 2017 – 18

15,033 FY 2013 – 14
FY 2014 -15
Assam Professionals Trade, callings and Professional 20 th day of every Unpaid as of the
FY 2016 -17
Employments Act, 1987 tax subsequent month date of report
13,096 FY 2017 -18

Goods and 20 th day of every Unpaid as of the


Goods and Service Tax Act, 2017 566,462 FY 2017- 18
Service tax subsequent month date of report

According to the information and explanation given to us and examination of records of the Company, the outstanding dues of income-tax,
sales-tax, service tax, customs duty, excise duty, value added tax, cess and any other statutory dues on account of any dispute, are as follows:

Payment
Nature of Amount Period to which the
Name of the statute under protest Forum where dispute is pending
dues Rs. amount relates
Rs.

FY 2011- 12
Karnataka Value Added Value
2,59,43,382 FY 2013- 14 1,20,22,762 Karnataka Appellate Tribunal
Tax, 2003 added tax
FY 2014- 15

Uttarakhand Value Added Value FY 2006- 07


32,19,000 8,04,750 Uttarakhand Appellate Tribunal
Tax Act, 2005 added tax FY 2007- 08

FY 2009- 10
FY 2010- 11
FY 2011- 12
Uttarakhand Value Added Value
1,75,57,598 FY 2012- 13 54,18,075 Joint Commissioner
Tax Act, 2005 added tax
FY 2013- 14

Gujarat Value Added Tax Value FY 2006 – 07


1,69,54,686 59,64,751 Gujarat Appellate Tribunal
Act, 2003 added tax FY 2012 -13

47
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Gujarat Value Added Tax Value


1,07,02,436 FY 2013 -14 26,75,825 Joint Commissioner
Act, 2003 added tax

FY 2007- 08
FY 2008- 09
Income Tax Act, 1961 Income tax 10,98,58,271 1,85,06,682 Transfer pricing officer
FY 2011- 12
FY 2012- 13

Excise Commissioner of Appeals – Central


Central Excise Act, 1944 3,97,37,299 FY 2013 -16 70,00,000
duty Excise

Excise FY 2008- 12 Customs, Excise and Service tax


Central Excise Act, 1944 9,24,13,367 28,96,305
duty FY 2012 -13 Appellate Tribunal (CESTAT)

Service FY 2005- 06
Finance Act, 1994 1,95,91,002 - Joint Commissioner of Service tax
tax FY 2006- 07

Service Customs, Excise and Service tax


Finance Act, 1994 2,11,33,228 FY 2005 –13 46,70,261
tax Appellate Tribunal (CESTAT)

The Company does not have any loans or borrowings from any financial institution, banks, government or debenture holders during the year.
Accordingly, the provision stated in paragraph 3(viii) of the Order is not applicable to the Company.

The Company did not raise any money by way of initial public offer or further public offer (including debt instruments) and term loans during the
year. Accordingly, the provisions stated in paragraph 3 (ix) of the Order are not applicable to the Company.

During the course of our audit, examination of the books and records of the Company, carried out in accordance with the generally accepted
auditing practices in India, and according to the information and explanations given to us, we have neither come across any instance of material
fraud by the Company or on the Company by its officers or employees.

According to the information and explanations given to us, since the Company is a Private Company, the provisions of section 197 of the Act will
not be applicable. Accordingly, the provisions stated in paragraph 3(xi) of the Order are not applicable to the Company.

In our opinion and according to the information and explanations given to us, the Company is not a Nidhi Company. Accordingly, the provisions
stated in paragraph 3(xii) of the Order are not applicable to the Company.

According to the information and explanations given to us and based on our examination of the records of the Company, transactions with the
related parties are in compliance with sections 177 and 188 of the Act where applicable and details of such transactions have been disclosed in the
financial statements as required by the applicable accounting standards.

According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not
made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year. Accordingly, the
provisions stated in paragraph 3 (xiv) of the Order are not applicable to the Company.

According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not
entered into non-cash transactions with directors or persons connected with him. Accordingly, provisions stated in paragraph 3(xv) of the Order
are not applicable to the Company.

In our opinion, the Company is not required to be registered under section 45 IA of the Reserve Bank of India Act, 1934 and accordingly, the
provisions stated in paragraph clause 3 (xvi) of the Order are not applicable to the Company.

For MSKA & Associates (Formerly known as MZSK & Associates)

48
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Chartered Accountants

ICAI Firm Registration No. 105047W

Deepak Rao

Partner

Membership No.113292

Place: Bengaluru

Date: 17/07/2018

[400500] Disclosures - Secretarial audit report


Unless otherwise specified, all monetary values are in INR
01/04/2017
to
31/03/2018
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No

49
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[100100] Balance sheet


Unless otherwise specified, all monetary values are in INR
31/03/2018 31/03/2017 31/03/2016
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 80,00,000 80,00,000
Reserves and surplus 104,16,89,969 99,00,29,579
Total shareholders' funds 104,96,89,969 99,80,29,579
Share application money pending allotment 0 0
Minority interest 0 0
Non-current liabilities [Abstract]
Long-term borrowings 0 0
Other long-term liabilities 1,56,86,845 2,31,93,707
Long-term provisions 11,93,63,401 11,25,96,109
Total non-current liabilities 13,50,50,246 13,57,89,816
Current liabilities [Abstract]
Short-term borrowings 0 0
Trade payables 90,44,14,782 71,22,27,737
Other current liabilities 5,96,61,748 5,50,48,514
Short-term provisions 30,00,000 30,00,000
Total current liabilities 96,70,76,530 77,02,76,251
Total equity and liabilities 215,18,16,745 190,40,95,646
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 21,65,60,444 18,70,41,110 20,29,84,784
Intangible assets 1,39,33,848 2,37,69,503 3,38,13,493
Tangible assets capital work-in-progress 1,14,34,664 5,70,83,271
Total fixed assets 24,19,28,956 26,78,93,884
Non-current investments 0 0
Deferred tax assets (net) 6,93,22,065 6,21,89,449
Long-term loans and advances 6,27,84,773 4,68,59,955
Total non-current assets 37,40,35,794 37,69,43,288
Current assets [Abstract]
Current investments 0 0
Inventories 34,61,42,324 27,29,15,203
Trade receivables 103,34,73,675 90,07,48,050
Cash and bank balances 26,69,71,200 23,93,26,789
Short-term loans and advances 11,97,75,350 11,19,44,131
Other current assets 1,14,18,402 22,18,185
Total current assets 177,77,80,951 152,71,52,358
Total assets 215,18,16,745 190,40,95,646

50
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[400300] Disclosures - Signatories of financial statements

Details of directors signing financial statements [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Directors signing financial statements [Axis] 1 2
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
S A I
JOHN BAIRD
First name of director RAMANATHAN
WATSON
KRISHNAN
Designation of director Director Director
Director identification number of director 02832355 07823570
Date of signing of financial statements by director 17/07/2018 17/07/2018

51
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[100400] Cash flow statement, indirect


Unless otherwise specified, all monetary values are in INR
01/04/2017 01/04/2016
to to 31/03/2016
31/03/2018 31/03/2017
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax 63,48,19,217 64,38,83,751
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for finance costs -39,46,541 -33,67,491
Adjustments for depreciation and amortisation expense 6,21,27,005 5,61,56,939
Adjustments for unrealised foreign exchange losses gains 43,11,770 27,234
Other adjustments to reconcile profit (loss) -2,95,250 -1,49,594
Other adjustments for non-cash items 61,12,648 -1,60,69,351
Total adjustments to profit (loss) 6,83,09,632 3,65,97,737
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories -7,32,27,117 18,03,917
Adjustments for decrease (increase) in trade receivables -16,02,84,693 -68,79,159
Adjustments for decrease (increase) in other current assets -1,96,48,495 -10,85,94,176
Adjustments for increase (decrease) in trade payables 20,64,74,861 9,92,79,431
Total adjustments for working capital -4,66,85,444 -1,43,89,987
Total adjustments for reconcile profit (loss) 2,16,24,188 2,22,07,750
Net cash flows from (used in) operations 65,64,43,405 66,60,91,501
Income taxes paid (refund) 22,96,00,507 22,74,53,827
Net cash flows from (used in) operating activities before extraordinary
42,68,42,898 43,86,37,674
items
Net cash flows from (used in) operating activities 42,68,42,898 43,86,37,674
Cash flows from used in investing activities [Abstract]
Proceeds from sales of tangible assets 2,95,250 1,49,594
Purchase of tangible assets 4,23,67,334 6,04,29,285
Interest received 39,46,541 33,67,491
Other inflows (outflows) of cash -11,04,000 0
Net cash flows from (used in) investing activities before extraordinary
-3,92,29,543 -5,69,12,200
items
Net cash flows from (used in) investing activities -3,92,29,543 -5,69,12,200
Cash flows from used in financing activities [Abstract]
Dividends paid 30,00,00,000 27,50,00,000
Income taxes paid (refund) 6,10,72,944 5,59,83,530
Net cash flows from (used in) financing activities before extraordinary
-36,10,72,944 -33,09,83,530
items
Net cash flows from (used in) financing activities -36,10,72,944 -33,09,83,530
Net increase (decrease) in cash and cash equivalents before effect of
2,65,40,411 5,07,41,944
exchange rate changes
Net increase (decrease) in cash and cash equivalents 2,65,40,411 5,07,41,944
Cash and cash equivalents cash flow statement at end of period 26,58,57,200 23,93,16,789 18,85,74,845

52
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[200100] Notes - Share capital

Disclosure of classes of share capital [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Equity shares
Classes of share capital [Axis] Share capital [Member]
[Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 16,00,000 [shares] 16,00,000 [shares] 16,00,000
Value of shares authorised 1,60,00,000 1,60,00,000 1,60,00,000
Number of shares issued [shares] 8,00,000 [shares] 8,00,000 [shares] 8,00,000
Value of shares issued 80,00,000 80,00,000 80,00,000
Number of shares subscribed and fully paid [shares] 8,00,000 [shares] 8,00,000 [shares] 8,00,000
Value of shares subscribed and fully paid 80,00,000 80,00,000 80,00,000
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 8,00,000 [shares] 8,00,000 [shares] 8,00,000
Total value of shares subscribed 80,00,000 80,00,000 80,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 8,00,000 [shares] 8,00,000 [shares] 8,00,000
Value of shares called 80,00,000 80,00,000 80,00,000
Value of shares paid-up 80,00,000 80,00,000 80,00,000
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
[shares] 0 [shares] 0 [shares] 0
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Total increase (decrease) in number of
[shares] 0 [shares] 0 [shares] 0
shares outstanding
Number of shares outstanding at end of period [shares] 8,00,000 [shares] 8,00,000 [shares] 8,00,000 [shares] 8,00,000
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
Amount of issue allotted for
contracts without payment 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0
amalgamation during period
Amount of other issues during period 0 0 0
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 80,00,000 80,00,000 80,00,000
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 7,99,999 [shares] 7,99,999 [shares] 7,99,999
Total shares in company held by holding company
or ultimate holding company or by its [shares] 7,99,999 [shares] 7,99,999 [shares] 7,99,999
subsidiaries or associates

53
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Details of application money received for


allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon

54
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of classes of share capital [Table] ..(2)


Unless otherwise specified, all monetary values are in INR
Classes of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Type of share Equity Shares Equit Shares
Number of shares authorised [shares] 16,00,000 [shares] 16,00,000 [shares] 16,00,000
Value of shares authorised 1,60,00,000 1,60,00,000 1,60,00,000
Number of shares issued [shares] 8,00,000 [shares] 8,00,000 [shares] 8,00,000
Value of shares issued 80,00,000 80,00,000 80,00,000
Number of shares subscribed and fully paid [shares] 8,00,000 [shares] 8,00,000 [shares] 8,00,000
Value of shares subscribed and fully paid 80,00,000 80,00,000 80,00,000
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 8,00,000 [shares] 8,00,000 [shares] 8,00,000
Total value of shares subscribed 80,00,000 80,00,000 80,00,000
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 8,00,000 [shares] 8,00,000 [shares] 8,00,000
Value of shares called 80,00,000 80,00,000 80,00,000
Value of shares paid-up 80,00,000 80,00,000 80,00,000
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0 [INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
[shares] 0 [shares] 0 [shares] 0
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Total increase (decrease) in number of
[shares] 0 [shares] 0 [shares] 0
shares outstanding
Number of shares outstanding at end of period [shares] 8,00,000 [shares] 8,00,000 [shares] 8,00,000 [shares] 8,00,000
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
Amount of issue allotted for
contracts without payment 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0
amalgamation during period
Amount of other issues during period 0 0 0
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 80,00,000 80,00,000 80,00,000 80,00,000
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 7,99,999 [shares] 7,99,999 [shares] 7,99,999
Total shares in company held by holding company
or ultimate holding company or by its [shares] 7,99,999 [shares] 7,99,999 [shares] 7,99,999
subsidiaries or associates

55
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Details of application money received for


allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon

Disclosure of classes of share capital [Table] ..(3)


Unless otherwise specified, all monetary values are in INR
Equity shares 1
Classes of share capital [Axis]
[Member]
31/03/2016
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Reconciliation of number of shares outstanding [Abstract]
Number of shares outstanding at end of period [shares] 8,00,000
Reconciliation of value of shares outstanding [Abstract]
Share capital at end of period 80,00,000

Disclosure of shareholding more than five per cent in company [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Classes of share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member]
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [LineItems]
Equity Shares of Rs Equity Shares of Rs
Type of share 10 each 10 each
Fosroc International Fosroc International
Name of shareholder Limited Limited
UNITED
Country of incorporation or residence of shareholder KINGDOM
UNITED KINGDOM

Number of shares held in company [shares] 7,99,999 [shares] 7,99,999


Percentage of shareholding in company 0.00% 99.99%

Unless otherwise specified, all monetary values are in INR


01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Number of persons on private placement of equity share 0 0
Number of persons on private placement of preference share 0 0
Whether money raised from public offering during year No No
Amount raised from public offering during year 0 0
Amount utilised towards specified purposes for public offering 0 0
Amount remaining unutilised received in respect of public offering 0 0

56
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[200200] Notes - Reserves and surplus

Statement of changes in reserves [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Other reserves
Components of reserves [Axis] Reserves [Member]
[Member]
01/04/2017 01/04/2016 01/04/2017
to to 31/03/2016 to
31/03/2018 31/03/2017 31/03/2018
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 41,27,33,334 42,33,47,540 0
Other additions to reserves 0 0 0
Total additions to reserves 41,27,33,334 42,33,47,540 0
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 30,00,00,000 22,50,00,000
Total interim dividend appropriation 30,00,00,000 22,50,00,000
Total dividend appropriation 30,00,00,000 22,50,00,000
Dividend tax appropriation [Abstract]
Equity dividend tax appropriation 6,10,72,944 0
Total dividend tax appropriation 6,10,72,944 0
Other appropriations 0 0 0
Transfer to general reserve 0 0 0
Total appropriations for dividend,
36,10,72,944 22,50,00,000 0
dividend tax and general reserve
Appropriation towards bonus shares 0 0 0
Total changes in reserves 5,16,60,390 19,83,47,540 0
Reserves at end of period 104,16,89,969 99,00,29,579 83,74,86,745 27,18,60,116

Statement of changes in reserves [Table] ..(2)


Unless otherwise specified, all monetary values are in INR
Components of reserves [Axis] Other reserves [Member] General reserve [Member]
01/04/2016 01/04/2017 01/04/2016
to 31/03/2016 to to
31/03/2017 31/03/2018 31/03/2017
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 0 0 0
Other additions to reserves 0 0 0
Total additions to reserves 0 0 0
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Other appropriations 0 0 0
Transfer to general reserve 0 0 0
Total appropriations for dividend,
0 0 0
dividend tax and general reserve
Appropriation towards bonus shares 0 0 0
Total changes in reserves 0 0 0
Reserves at end of period 27,18,60,116 27,18,60,116 27,18,60,116 27,18,60,116

57
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Statement of changes in reserves [Table] ..(3)


Unless otherwise specified, all monetary values are in INR
General reserve
Components of reserves [Axis] Surplus [Member]
[Member]
01/04/2017 01/04/2016
31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 41,27,33,334 42,33,47,540
Other additions to reserves 0 0
Total additions to reserves 41,27,33,334 42,33,47,540
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 30,00,00,000 22,50,00,000
Total interim dividend appropriation 30,00,00,000 22,50,00,000
Total dividend appropriation 30,00,00,000 22,50,00,000
Dividend tax appropriation [Abstract]
Equity dividend tax appropriation 6,10,72,944 0
Total dividend tax appropriation 6,10,72,944 0
Other appropriations 0 0
Transfer to general reserve 0 0
Total appropriations for dividend,
36,10,72,944 22,50,00,000
dividend tax and general reserve
Appropriation towards bonus shares 0 0
Total changes in reserves 5,16,60,390 19,83,47,540
Reserves at end of period 27,18,60,116 76,98,29,853 71,81,69,463 56,56,26,629

[201000] Notes - Tangible assets

Disclosure of additional information tangible assets [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Company total tangible assets
Classes of tangible assets [Axis] Land [Member] Buildings [Member]
[Member]
Assets held Assets held
Owned and leased assets Owned assets Owned assets
Sub classes of tangible assets [Axis] under lease under lease
[Member] [Member] [Member]
[Member] [Member]
01/04/2017 01/04/2016 01/04/2016 01/04/2016 01/04/2017 01/04/2017
to to to to to to
31/03/2018 31/03/2017 31/03/2017 31/03/2017 31/03/2018 31/03/2018
Disclosure of additional information
tangible assets [Abstract]
Disclosure of additional information
tangible assets [LineItems]
Depreciation method tangible assets SLM SLM
'Over the period
Useful lives or depreciation rates
of lease term of 20 Years
tangible assets 99 years

58
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of additional information tangible assets [Table] ..(2)


Unless otherwise specified, all monetary values are in INR
Factory Other plant
Classes of tangible assets [Axis] Office building [Member] Plant and equipment [Member] equipments and equipment
[Member] [Member]
Assets held
Owned assets Owned assets Owned assets
Sub classes of tangible assets [Axis] under lease Owned assets [Member]
[Member] [Member] [Member]
[Member]
01/04/2017 01/04/2017 01/04/2017 01/04/2016 01/04/2016 01/04/2017
to to to to to to
31/03/2018 31/03/2018 31/03/2018 31/03/2017 31/03/2017 31/03/2018
Disclosure of additional information
tangible assets [Abstract]
Disclosure of additional information
tangible assets [LineItems]
Depreciation method tangible assets SLM SLM SLM SLM
Useful lives or depreciation rates 6 years and 8 6 Years and 8
5 Years 20 Years
tangible assets Months months

Disclosure of additional information tangible assets [Table] ..(3)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member] Motor vehicles [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member] Owned assets [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of additional information
tangible assets [Abstract]
Disclosure of additional information
tangible assets [LineItems]
Depreciation method tangible assets SLM SLM SLM SLM
Useful lives or depreciation rates
3 Years 3Years 4 Years 4Years
tangible assets

Disclosure of additional information tangible assets [Table] ..(4)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Office equipment [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of additional information tangible assets [Abstract]
Disclosure of additional information tangible assets [LineItems]
Depreciation method tangible assets SLM SLM
Useful lives or depreciation rates tangible assets 4 Years 4Years

59
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 8,18,10,688 3,01,69,275 8,18,10,688 3,01,69,275
assets
Acquisitions through
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets -5,22,91,353 -4,61,12,949
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0 0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 8,02,050 0 8,02,050
through demergers
Disposals tangible assets,
0 -8,02,050 70,88,807 0
others
Total disposals tangible
0 0 70,88,807 8,02,050
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
2,95,19,335 -1,59,43,674 7,47,21,881 2,93,67,225
assets
Tangible assets at end of period 21,65,60,444 18,70,41,110 20,29,84,784 62,29,71,906 54,82,50,024 51,88,82,799

60
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(2)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Company total tangible assets [Member] Land [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 0 0
assets
Acquisitions through
business combinations 0 0
tangible assets
Depreciation tangible assets 5,22,91,353 4,61,12,949 -22,021 -22,021
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Revaluation increase
0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 0
through demergers
Disposals tangible assets,
70,88,807 8,02,050 0 0
others
Total disposals tangible
70,88,807 8,02,050 0 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
4,52,02,546 4,53,10,899 -22,021 -22,021
assets
Tangible assets at end of period 40,64,11,462 36,12,08,914 31,58,98,015 17,26,818 17,48,839 17,70,860

61
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(3)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Land [Member]
Sub classes of tangible assets [Axis] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Gross carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 0 0
assets
Acquisitions through
business combinations 0 0
tangible assets
Depreciation tangible assets 22,021 22,021
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 0
through demergers
Disposals tangible assets,
0 0 0 0
others
Total disposals tangible
0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
0 0 22,021 22,021
assets
Tangible assets at end of period 23,62,149 23,62,149 23,62,149 6,35,331 6,13,310 5,91,289

62
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(4)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Land [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 0 0 0 0
assets
Acquisitions through
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets 0 0
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0 0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 0 0 0
through demergers
Disposals tangible assets,
0 0 0 0
others
Total disposals tangible
0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
0 0 0 0
assets
Tangible assets at end of period 76,76,048 76,76,048 76,76,048 76,76,048 76,76,048 76,76,048

63
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(5)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Land [Member] Buildings [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 1,40,148 0
assets
Acquisitions through
business combinations 0 0
tangible assets
Depreciation tangible assets 0 0 -23,358 -98,812
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Revaluation increase
0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 0
through demergers
Disposals tangible assets,
0 0 0 0
others
Total disposals tangible
0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
0 0 1,16,790 -98,812
assets
Tangible assets at end of period 0 0 0 1,16,790 0 98,812

64
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(6)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Buildings [Member]
Sub classes of tangible assets [Axis] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Gross carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 1,40,148 0
assets
Acquisitions through
business combinations 0 0
tangible assets
Depreciation tangible assets 23,358 98,812
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 0
through demergers
Disposals tangible assets,
0 0 0 0
others
Total disposals tangible
0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
1,40,148 0 23,358 98,812
assets
Tangible assets at end of period 28,00,445 26,60,297 26,60,297 26,83,655 26,60,297 25,61,485

65
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(7)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Buildings [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 7,71,517 6,97,901 7,71,517 6,97,901
assets
Acquisitions through
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets -54,24,788 -53,72,665
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0 0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 0 0 0
through demergers
Disposals tangible assets,
0 0 0 0
others
Total disposals tangible
0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-46,53,271 -46,74,764 7,71,517 6,97,901
assets
Tangible assets at end of period 4,30,98,663 4,77,51,934 5,24,26,698 11,65,88,172 11,58,16,655 11,51,18,754

66
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(8)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Buildings [Member] Office building [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 1,40,148 0
assets
Acquisitions through
business combinations 0 0
tangible assets
Depreciation tangible assets 54,24,788 53,72,665 -23,358 -98,812
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Revaluation increase
0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 0
through demergers
Disposals tangible assets,
0 0 0 0
others
Total disposals tangible
0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
54,24,788 53,72,665 1,16,790 -98,812
assets
Tangible assets at end of period 7,34,89,509 6,80,64,721 6,26,92,056 1,16,790 0 98,812

67
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(9)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Office building [Member]
Sub classes of tangible assets [Axis] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Gross carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 1,40,148 0
assets
Acquisitions through
business combinations 0 0
tangible assets
Depreciation tangible assets 23,358 98,812
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 0
through demergers
Disposals tangible assets,
0 0 0 0
others
Total disposals tangible
0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
1,40,148 0 23,358 98,812
assets
Tangible assets at end of period 28,00,445 26,60,297 26,60,297 26,83,655 26,60,297 25,61,485

68
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(10)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Office building [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 7,71,517 0 7,71,517 0
assets
Acquisitions through
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets -54,24,788 0
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0 0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 0 0 0
through demergers
Disposals tangible assets,
0 0 0 0
others
Total disposals tangible
0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-46,53,271 0 7,71,517 0
assets
Tangible assets at end of period 4,30,98,663 0 0 11,65,88,172 0 0

69
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(11)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Office building [Member] Factory building [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 0 6,97,901
assets
Acquisitions through
business combinations 0 0
tangible assets
Depreciation tangible assets 54,24,788 0 0 -53,72,665
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Revaluation increase
0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 0
through demergers
Disposals tangible assets,
0 0 0 0
others
Total disposals tangible
0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
54,24,788 0 0 -46,74,764
assets
Tangible assets at end of period 7,34,89,509 0 0 0 4,77,51,934 5,24,26,698

70
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(12)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Factory building [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Gross carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 0 6,97,901
assets
Acquisitions through
business combinations 0 0
tangible assets
Depreciation tangible assets 0 53,72,665
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 0
through demergers
Disposals tangible assets,
0 0 0 0
others
Total disposals tangible
0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
0 6,97,901 0 53,72,665
assets
Tangible assets at end of period 0 11,58,16,655 11,51,18,754 0 6,80,64,721 6,26,92,056

71
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(13)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Plant and equipment [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 7,03,76,023 2,28,40,202 7,03,76,023 2,28,40,202
assets
Acquisitions through
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets -3,97,39,077 -3,30,55,851
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0 0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 8,02,050 0 8,02,050
through demergers
Disposals tangible assets,
0 -8,02,050 54,60,640 0
others
Total disposals tangible
0 0 54,60,640 8,02,050
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
3,06,36,946 -1,02,15,649 6,49,15,383 2,20,38,152
assets
Tangible assets at end of period 15,05,12,509 11,98,75,565 13,00,91,214 39,22,79,584 32,73,64,201 30,53,26,049

72
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(14)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Plant and equipment [Member] Factory equipments [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 7,03,76,023 2,28,40,202
assets
Acquisitions through
business combinations 0 0
tangible assets
Depreciation tangible assets 3,97,39,077 3,30,55,851 -3,97,39,077 -3,30,55,851
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Revaluation increase
0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 8,02,050
through demergers
Disposals tangible assets,
54,60,640 8,02,050 0 -8,02,050
others
Total disposals tangible
54,60,640 8,02,050 0 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
3,42,78,437 3,22,53,801 3,06,36,946 -1,02,15,649
assets
Tangible assets at end of period 24,17,67,075 20,74,88,636 17,52,34,835 15,05,12,509 11,98,75,565 13,00,91,214

73
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(15)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Factory equipments [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Gross carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 7,03,76,023 2,28,40,202
assets
Acquisitions through
business combinations 0 0
tangible assets
Depreciation tangible assets 3,97,39,077 3,30,55,851
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 8,02,050
through demergers
Disposals tangible assets,
54,60,640 0 54,60,640 8,02,050
others
Total disposals tangible
54,60,640 8,02,050 54,60,640 8,02,050
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
6,49,15,383 2,20,38,152 3,42,78,437 3,22,53,801
assets
Tangible assets at end of period 39,22,79,584 32,73,64,201 30,53,26,049 24,17,67,075 20,74,88,636 17,52,34,835

74
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(16)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Furniture and fixtures [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 23,70,068 17,47,184 23,70,068 17,47,184
assets
Acquisitions through
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets -17,07,261 -14,42,939
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0 0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 0 0 0
through demergers
Disposals tangible assets,
0 0 7,37,884 0
others
Total disposals tangible
0 0 7,37,884 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
6,62,807 3,04,245 16,32,184 17,47,184
assets
Tangible assets at end of period 28,11,177 21,48,370 18,44,125 2,51,90,171 2,35,57,987 2,18,10,803

75
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(17)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Furniture and fixtures [Member] Vehicles [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 63,267 0
assets
Acquisitions through
business combinations 0 0
tangible assets
Depreciation tangible assets 17,07,261 14,42,939 -10,544 -5,86,309
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Revaluation increase
0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 0
through demergers
Disposals tangible assets,
7,37,884 0 0 0
others
Total disposals tangible
7,37,884 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
9,69,377 14,42,939 52,723 -5,86,309
assets
Tangible assets at end of period 2,23,78,994 2,14,09,617 1,99,66,678 52,723 0 5,86,309

76
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(18)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Vehicles [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Gross carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 63,267 0
assets
Acquisitions through
business combinations 0 0
tangible assets
Depreciation tangible assets 10,544 5,86,309
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 0
through demergers
Disposals tangible assets,
0 0 0 0
others
Total disposals tangible
0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
63,267 0 10,544 5,86,309
assets
Tangible assets at end of period 83,99,292 83,36,025 83,36,025 83,46,569 83,36,025 77,49,716

77
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(19)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Motor vehicles [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross
Carrying amount [Member] Gross carrying amount [Member]
carrying amount [Axis]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 63,267 0 63,267 0
assets
Acquisitions through
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets -10,544 -5,86,309
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0 0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 0 0 0
through demergers
Disposals tangible assets,
0 0 0 0
others
Total disposals tangible
0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
52,723 -5,86,309 63,267 0
assets
Tangible assets at end of period 52,723 0 5,86,309 83,99,292 83,36,025 83,36,025

78
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(20)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Motor vehicles [Member] Office equipment [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 80,89,665 48,83,988
assets
Acquisitions through
business combinations 0 0
tangible assets
Depreciation tangible assets 10,544 5,86,309 -53,64,304 -55,34,352
Impairment loss
recognised in profit or 0 0 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
tangible assets
Revaluation increase
0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 0
through demergers
Disposals tangible assets,
0 0 0 0
others
Total disposals tangible
0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
10,544 5,86,309 27,25,361 -6,50,364
assets
Tangible assets at end of period 83,46,569 83,36,025 77,49,716 1,05,65,716 78,40,354 84,90,718

79
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of tangible assets [Table] ..(21)


Unless otherwise specified, all monetary values are in INR
Classes of tangible assets [Axis] Office equipment [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross Accumulated depreciation and impairment
Gross carrying amount [Member]
carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 80,89,665 48,83,988
assets
Acquisitions through
business combinations 0 0
tangible assets
Depreciation tangible assets 53,64,304 55,34,352
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
0 0
through demergers
Disposals tangible assets,
8,90,283 0 8,90,283 0
others
Total disposals tangible
8,90,283 0 8,90,283 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
tangible assets
Other adjustments tangible
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
71,99,382 48,83,988 44,74,021 55,34,352
assets
Tangible assets at end of period 6,76,76,045 6,04,76,662 5,55,92,674 5,71,10,329 5,26,36,308 4,71,01,956

80
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[201100] Notes - Intangible assets

Disclosure of intangible assets [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Classes of intangible assets [Axis] Company total intangible assets [Member]
Sub classes of intangible assets [Axis] Internally generated and other than internally generated intangible assets [Member]
Carrying amount accumulated amortization and
Carrying amount [Member] Gross carrying amount [Member]
impairment and gross carrying amount [Axis]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
0 0 0 0
development
Additions other than through
business combinations 0 0 0 0
intangible assets
Acquisitions through
business combinations 0 0 0 0
intangible assets
Total additions to
0 0 0 0
intangible assets
Amortization intangible assets -98,35,655 -1,00,43,990
Impairment loss
recognised in profit or 0 0
loss intangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
intangible assets
Revaluation increase
0 0 0 0
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0 0 0
assets through demergers
Disposals intangible
0 0 0 0
assets, others
Total disposals intangible
0 0 0 0
assets
Retirements of intangible
0 0 0 0
assets
Other adjustments intangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
intangible assets
Other adjustments
0 0 0 0
intangible assets, others
Total other adjustments
0 0 0 0
intangible assets
Total changes in intangible
-98,35,655 -1,00,43,990 0 0
assets
Intangible assets at end of period 1,39,33,848 2,37,69,503 3,38,13,493 5,01,78,283 5,01,78,283 5,01,78,283

81
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of intangible assets [Table] ..(2)


Unless otherwise specified, all monetary values are in INR
Classes of intangible assets [Axis] Company total intangible assets [Member] Other intangible assets [Member]
Internally generated and other than internally
Sub classes of intangible assets [Axis] Internally generated intangible assets [Member]
generated intangible assets [Member]
Carrying amount accumulated amortization and Accumulated amortization and impairment
Carrying amount [Member]
impairment and gross carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
0 0
development
Additions other than through
business combinations 0 0
intangible assets
Acquisitions through
business combinations 0 0
intangible assets
Total additions to
0 0
intangible assets
Amortization intangible assets 98,35,655 1,00,43,990 -98,35,655 0
Impairment loss
recognised in profit or 0 0 0 0
loss intangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
intangible assets
Revaluation increase
0 0
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0
assets through demergers
Disposals intangible
0 0 0 0
assets, others
Total disposals intangible
0 0 0 0
assets
Retirements of intangible
0 0
assets
Other adjustments intangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
intangible assets
Other adjustments
0 0 0 0
intangible assets, others
Total other adjustments
0 0 0 0
intangible assets
Total changes in intangible
98,35,655 1,00,43,990 -98,35,655 0
assets
Intangible assets at end of period 3,62,44,435 2,64,08,780 1,63,64,790 1,39,33,848 0 0

82
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of intangible assets [Table] ..(3)


Unless otherwise specified, all monetary values are in INR
Classes of intangible assets [Axis] Other intangible assets [Member]
Sub classes of intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and Accumulated amortization and impairment
Gross carrying amount [Member]
impairment and gross carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
0 0
development
Additions other than through
business combinations 0 0
intangible assets
Acquisitions through
business combinations 0 0
intangible assets
Total additions to
0 0
intangible assets
Amortization intangible assets 98,35,655 0
Impairment loss
recognised in profit or 0 0
loss intangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
intangible assets
Revaluation increase
0 0
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0
assets through demergers
Disposals intangible
0 0 0 0
assets, others
Total disposals intangible
0 0 0 0
assets
Retirements of intangible
0 0
assets
Other adjustments intangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
intangible assets
Other adjustments
0 0 0 0
intangible assets, others
Total other adjustments
0 0 0 0
intangible assets
Total changes in intangible
0 0 98,35,655 0
assets
Intangible assets at end of period 4,91,78,283 0 0 3,52,44,435 0 0

83
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of intangible assets [Table] ..(4)


Unless otherwise specified, all monetary values are in INR
Classes of intangible assets [Axis] Other intangible assets [Member]
Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and
Carrying amount [Member] Gross carrying amount [Member]
impairment and gross carrying amount [Axis]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
0 0 0 0
development
Additions other than through
business combinations 0 0 0 0
intangible assets
Acquisitions through
business combinations 0 0 0 0
intangible assets
Total additions to
0 0 0 0
intangible assets
Amortization intangible assets 0 -1,00,43,990
Impairment loss
recognised in profit or 0 0
loss intangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
intangible assets
Revaluation increase
0 0 0 0
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0 0 0
assets through demergers
Disposals intangible
0 0 0 0
assets, others
Total disposals intangible
0 0 0 0
assets
Retirements of intangible
0 0 0 0
assets
Other adjustments intangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
intangible assets
Other adjustments
0 0 0 0
intangible assets, others
Total other adjustments
0 0 0 0
intangible assets
Total changes in intangible
0 -1,00,43,990 0 0
assets
Intangible assets at end of period 0 2,37,69,503 3,38,13,493 10,00,000 5,01,78,283 5,01,78,283

84
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of intangible assets [Table] ..(5)


Unless otherwise specified, all monetary values are in INR
Classes of intangible assets [Axis] Other intangible assets [Member] Know-how [Member]
Intangible assets other than internally generated Intangible assets other than internally generated
Sub classes of intangible assets [Axis]
[Member] [Member]
Carrying amount accumulated amortization and Accumulated amortization and impairment
Carrying amount [Member]
impairment and gross carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
0 0
development
Additions other than through
business combinations 0 0
intangible assets
Acquisitions through
business combinations 0 0
intangible assets
Total additions to
0 0
intangible assets
Amortization intangible assets 0 1,00,43,990 0 -2,08,333
Impairment loss
recognised in profit or 0 0 0 0
loss intangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
intangible assets
Revaluation increase
0 0
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0
assets through demergers
Disposals intangible
0 0 0 0
assets, others
Total disposals intangible
0 0 0 0
assets
Retirements of intangible
0 0
assets
Other adjustments intangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
intangible assets
Other adjustments
0 0 0 0
intangible assets, others
Total other adjustments
0 0 0 0
intangible assets
Total changes in intangible
0 1,00,43,990 0 -2,08,333
assets
Intangible assets at end of period 10,00,000 2,64,08,780 1,63,64,790 0 0 2,08,333

85
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of intangible assets [Table] ..(6)


Unless otherwise specified, all monetary values are in INR
Classes of intangible assets [Axis] Know-how [Member]
Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and Accumulated amortization and impairment
Gross carrying amount [Member]
impairment and gross carrying amount [Axis] [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to 31/03/2016 to to 31/03/2016
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
0 0
development
Additions other than through
business combinations 0 0
intangible assets
Acquisitions through
business combinations 0 0
intangible assets
Total additions to
0 0
intangible assets
Amortization intangible assets 0 2,08,333
Impairment loss
recognised in profit or 0 0
loss intangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
intangible assets
Revaluation increase
0 0
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0
assets through demergers
Disposals intangible
0 0 0 0
assets, others
Total disposals intangible
0 0 0 0
assets
Retirements of intangible
0 0
assets
Other adjustments intangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
intangible assets
Other adjustments
0 0 0 0
intangible assets, others
Total other adjustments
0 0 0 0
intangible assets
Total changes in intangible
0 0 0 2,08,333
assets
Intangible assets at end of period 10,00,000 10,00,000 10,00,000 10,00,000 10,00,000 7,91,667

86
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of intangible assets [Table] ..(7)


Unless otherwise specified, all monetary values are in INR
Classes of intangible assets [Axis] Other intangible assets, others [Member]
Sub classes of intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and
Carrying amount [Member] Gross carrying amount [Member]
impairment and gross carrying amount [Axis]
01/04/2016 01/04/2016
01/04/2017 01/04/2017
to 31/03/2016 to 31/03/2016
to to
31/03/2018 31/03/2018
31/03/2017 31/03/2017
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Standard plant Standard plant
Nature of other intangible assets documentation documentation
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
0 0 0 0
development
Additions other than through
business combinations 0 0 0 0
intangible assets
Acquisitions through
business combinations 0 0 0 0
intangible assets
Total additions to
0 0 0 0
intangible assets
Amortization intangible assets -98,35,655 0
Impairment loss
recognised in profit or 0 0
loss intangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
intangible assets
Revaluation increase
0 0 0 0
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0 0 0
assets through demergers
Disposals intangible
0 0 0 0
assets, others
Total disposals intangible
0 0 0 0
assets
Retirements of intangible
0 0 0 0
assets
Other adjustments intangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
intangible assets
Other adjustments
0 0 0 0
intangible assets, others
Total other adjustments
0 0 0 0
intangible assets
Total changes in intangible
-98,35,655 0 0 0
assets
Intangible assets at end of period 1,39,33,848 0 0 4,91,78,283 0 0

87
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of intangible assets [Table] ..(8)


Unless otherwise specified, all monetary values are in INR
Classes of intangible assets [Axis] Other intangible assets, others [Member]
Intangible assets other than internally generated
Sub classes of intangible assets [Axis] Internally generated intangible assets [Member]
[Member]
Carrying amount accumulated amortization
Accumulated amortization and impairment
and impairment and gross carrying amount Carrying amount [Member]
[Member]
[Axis]
01/04/2016 01/04/2017
01/04/2017 01/04/2016
to 31/03/2016 to 31/03/2016
to to
31/03/2018 31/03/2017
31/03/2017 31/03/2018
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
STANDARD PLANT
Standard plant
Nature of other intangible assets documentation
DOCUMENTATION
PURCHASED KNOW HOW
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
0 0
development
Additions other than through
business combinations 0 0
intangible assets
Acquisitions through
business combinations 0 0
intangible assets
Total additions to
0 0
intangible assets
Amortization intangible assets 98,35,655 0 0 -98,35,657
Impairment loss
recognised in profit or 0 0 0 0
loss intangible assets
Reversal of impairment loss
recognised in profit or loss 0 0 0 0
intangible assets
Revaluation increase
0 0
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0
assets through demergers
Disposals intangible
0 0 0 0
assets, others
Total disposals intangible
0 0 0 0
assets
Retirements of intangible
0 0
assets
Other adjustments intangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
intangible assets
Other adjustments
0 0 0 0
intangible assets, others
Total other adjustments
0 0 0 0
intangible assets
Total changes in intangible
98,35,655 0 0 -98,35,657
assets
Intangible assets at end of period 3,52,44,435 0 0 0 2,37,69,503 3,36,05,160

88
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of intangible assets [Table] ..(9)


Unless otherwise specified, all monetary values are in INR
Classes of intangible assets [Axis] Other intangible assets, others [Member]
Sub classes of intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated
amortization and impairment and gross Gross carrying amount [Member] Accumulated amortization and impairment [Member]
carrying amount [Axis]
01/04/2017 01/04/2017
01/04/2016 01/04/2016
to 31/03/2016 to 31/03/2016
to to
31/03/2017 31/03/2017
31/03/2018 31/03/2018
Disclosure of intangible assets
[Abstract]
Disclosure of intangible assets
[LineItems]
STANDARD PLANT STANDARD PLANT
Nature of other intangible assets DOCUMENTATION DOCUMENTATION
PURCHASED KNOW HOW PURCHASED KNOW HOW
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
0 0
development
Additions other than through
business combinations 0 0
intangible assets
Acquisitions through
business combinations 0 0
intangible assets
Total additions to
0 0
intangible assets
Amortization intangible assets 0 98,35,657
Impairment loss
recognised in profit or 0 0
loss intangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
intangible assets
Revaluation increase
0 0
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
0 0
assets through demergers
Disposals intangible
0 0 0 0
assets, others
Total disposals intangible
0 0 0 0
assets
Retirements of intangible
0 0
assets
Other adjustments intangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0
intangible assets
Other adjustments
0 0 0 0
intangible assets, others
Total other adjustments
0 0 0 0
intangible assets
Total changes in intangible
0 0 0 98,35,657
assets
Intangible assets at end of period 0 4,91,78,283 4,91,78,283 0 2,54,08,780 1,55,73,123

89
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of additional information intangible assets [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Company total intangible assets Know-how
Classes of intangible assets [Axis] Other intangible assets [Member]
[Member] [Member]
Intangible
Internally
Internally generated and other assets other
generated Intangible assets other than
Sub classes of intangible assets [Axis] than internally generated than internally
intangible assets internally generated [Member]
intangible assets [Member] generated
[Member]
[Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2017 01/04/2016 01/04/2017
to to to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2018 31/03/2017 31/03/2018
Disclosure of additional information
intangible assets [Abstract]
Disclosure of additional information
intangible assets [LineItems]
Useful lives or amortization rates
2 Years
intangible assets
Description of amortization method
SLM
used

Disclosure of additional information intangible assets [Table] ..(2)


Unless otherwise specified, all monetary values are in INR
Know-how Other intangible assets, others
Classes of intangible assets [Axis]
[Member] [Member]
Intangible assets Intangible assets
Internally
other than other than
generated
Sub classes of intangible assets [Axis] internally internally
intangible assets
generated generated
[Member]
[Member] [Member]
01/04/2016 01/04/2017 01/04/2016
to to to
31/03/2017 31/03/2018 31/03/2017
Disclosure of additional information intangible assets [Abstract]
Disclosure of additional information intangible assets [LineItems]
Useful lives or amortization rates intangible assets SLM 5 Years SLM
Description of amortization method used 2 Years SLM 5 Years

[200400] Notes - Non-current investments


Unless otherwise specified, all monetary values are in INR
31/03/2018 31/03/2017
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 0 0
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 0 0
Aggregate provision for diminution in value of non-current investments 0 0

[200500] Notes - Current investments


Unless otherwise specified, all monetary values are in INR
31/03/2018 31/03/2017
Disclosure of notes on current investments explanatory [TextBlock]
Aggregate amount of quoted current investments 0 0
Market value of quoted current investments 0 0
Aggregate amount of unquoted current investments 0 0
Aggregate provision for diminution in value of current investments 0 0

90
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[200600] Notes - Subclassification and notes on liabilities and assets

Disclosure of breakup of provisions [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Classification based on time period [Axis] Long-term [Member] Short-term [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 1,42,11,606 1,08,66,036 30,00,000 30,00,000
Total provisions for employee benefits 1,42,11,606 1,08,66,036 30,00,000 30,00,000
CSR expenditure provision 0 0 0 0
Other provisions 10,51,51,795 10,17,30,073
Total provisions 11,93,63,401 11,25,96,109 30,00,000 30,00,000

Loans and advances [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Classification based on time period [Axis] Long-term [Member]
Classification of loans and advances [Axis] Capital advances [Member] Security deposits [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 51,10,252 13,84,718 3,70,20,640 2,52,03,364
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 51,10,252 13,84,718 3,70,20,640 2,52,03,364
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
Total loans and advances due by
0 0 0 0
directors, other officers or others
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director

91
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Loans and advances [Table] ..(2)


Unless otherwise specified, all monetary values are in INR
Classification based on time period [Axis] Long-term [Member]
Classification of loans and advances [Axis] Advance tax [Member] Advance income tax paid [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 2,06,53,881 2,02,71,873 2,06,53,881 2,02,71,873
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 2,06,53,881 2,02,71,873 2,06,53,881 2,02,71,873
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
Total loans and advances due by
0 0 0 0
directors, other officers or others
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director

Loans and advances [Table] ..(3)


Unless otherwise specified, all monetary values are in INR
Classification based on time period [Axis] Short-term [Member]
Loans advances given suppliers Loans advances given employees
Classification of loans and advances [Axis]
[Member] [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 1,03,78,601 49,19,930 22,28,783 20,76,941
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 1,03,78,601 49,19,930 22,28,783 20,76,941
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
Total loans and advances due by
0 0 0 0
directors, other officers or others
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director

92
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Loans and advances [Table] ..(4)


Unless otherwise specified, all monetary values are in INR
Classification based on time period [Axis] Short-term [Member]
Deposits with statutory authorities
Classification of loans and advances [Axis] Prepaid expenses [Member]
[Member]
Classification of assets based on security [Axis] Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross 77,92,334 77,35,070 9,93,75,632 9,72,12,190
Allowance for bad and doubtful loans and
0 0 0 0
advances
Loans and advances 77,92,334 77,35,070 9,93,75,632 9,72,12,190
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors 0 0 0 0
Loans and advances due by other officers 0 0 0 0
Total loans and advances due by
0 0 0 0
directors, other officers or others
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Total loans and advances due
by firms or companies in which
0 0 0 0
any director is partner or
director

Subclassification of trade receivables [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Classification of assets based on security
Classification of assets based on security [Axis] Secured considered good [Member]
[Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 111,57,23,777 96,61,39,539 11,75,76,088 9,08,10,512
Allowance for bad and doubtful debts 8,22,50,102 6,53,91,489 0 0
Total trade receivables 103,34,73,675 90,07,48,050 11,75,76,088 9,08,10,512
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director

93
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Subclassification of trade receivables [Table] ..(2)


Unless otherwise specified, all monetary values are in INR
Classification of assets based on security [Axis] Unsecured considered good [Member] Doubtful [Member]
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 98,65,22,764 86,26,99,327 1,16,24,925 1,26,29,700
Allowance for bad and doubtful debts 8,22,50,102 6,53,91,489 0 0
Total trade receivables 90,42,72,662 79,73,07,838 1,16,24,925 1,26,29,700
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0 0 0
Trade receivables due by other officers 0 0 0 0
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Total trade receivables due by firms
or companies in which any director is 0 0 0 0
partner or director

Classification of inventories [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Classification of inventories [Axis] Company total inventories [Member] Raw materials [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 34,61,42,324 27,29,15,203 26,26,86,738 17,33,85,380
Valued at lower Valued at Cost or Net
Mode of valuation of cost and net Realisable Value
realizable value whichever is higher

Classification of inventories [Table] ..(2)


Unless otherwise specified, all monetary values are in INR
Classification of inventories [Axis] Finished goods [Member] Stock-in-trade [Member]
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 6,07,79,039 5,73,86,782 2,26,76,547 4,21,43,041
Valued at lower Valued at Cost or Net Valued at lower Valued at Cost or Net
Mode of valuation of cost and net Realisable Value of cost and net Realisable Value
realizable value whichever is higher realizable value whichever is higher

94
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Unless otherwise specified, all monetary values are in INR


01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term 0 0
Others long-term, others 1,56,86,845 2,31,93,707
Total others, long-term 1,56,86,845 2,31,93,707
Total other long-term liabilities 1,56,86,845 2,31,93,707
Provision for Income Tax Provision for Income Tax
(Net of payments) and (Net of payments) and
Nature of other provisions Provision for Provision for
Contingencies Contingencies
Interest accrued but not due on borrowings 0 0
Interest accrued and due on borrowings 0 0
Interest accrued but not due on public deposits 0 0
Interest accrued and due on public deposits 0 0
Debentures claimed but not paid 0 0
Unpaid dividends 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Public deposit payable, current 0 0
Advance received from customers 2,20,83,768 1,94,73,319
Short-term employee related liabilities 1,50,46,094 1,75,31,646
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others 2,25,31,886 1,80,43,549
Total other current liabilities 5,96,61,748 5,50,48,514
Aggregate amount of trade receivables outstanding for period
1,19,92,992 1,73,71,765
exceeding six months
Fixed deposits with banks 0 0
Other deposits with banks 26,56,95,285 23,91,48,425
Total balance with banks 26,56,95,285 23,91,48,425
Cash on hand 1,61,915 1,68,364
Total cash and cash equivalents 26,58,57,200 23,93,16,789
Other bank balances 11,14,000 10,000
Total cash and bank balances 26,69,71,200 23,93,26,789
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than twelve months maturity 0 0
Other current assets, others 1,14,18,402 22,18,185
Total other current assets 1,14,18,402 22,18,185

95
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[200700] Notes - Additional disclosures on balance sheet


Unless otherwise specified, all monetary values are in INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of additional balance sheet notes explanatory [TextBlock]
Total contingent liabilities and commitments 0 0
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year 0 0
Number of person share application money received during year 0 0
Number of person share application money paid as at end of year 0 0
Number of person share application money received as at end of year 0 0
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, Yes Yes
2014
If yes, Central Excise Tariff Act, heading in which product/
3824,3403,3214,3208 3824,3403,3214,3208
service is covered under cost records
Whether audit of cost records of company has been mandated
Yes Yes
under Rules specified in SN 1
If yes, Central Excise Tariff Act, heading in which product/
3824,3403,3214,3208 3824,3403,3214,3208
service is covered under cost audit
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Number of warrants converted into equity shares during period 0 0
Number of warrants converted into preference shares during period 0 0
Number of warrants converted into debentures during period 0 0
Number of warrants issued during period (in foreign currency) 0 0
Number of warrants issued during period (INR) 0 0

[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
Unless otherwise specified, all monetary values are in INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of accounting policies, change in accounting policies and Textual information (41) Textual information (42)
changes in estimates explanatory [TextBlock] [See below] [See below]

96
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (41)

Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]

Fosroc Chemicals (India) Private Limited

Notes forming part of the Financial Statements for the year ended March 31, 2018

1 Corporate information

Fosroc chemicals (India) Private Limited is a private limited company incorporated in India under the provisions of the
companies Act 1956. The address of its registered office is 41st KM, NH4, Kuluvanahalli Post, Nelamangala Taluk, Bengaluru
Rural dist, Karnataka-562 111.
The company is having four manufacturing plants, four regional sales offices and fourteen sales branches in various states
accross India. Manufacturing units are located at Nelamangala (Karnataka), Ankleshwar (Gujarat), Rudrapur (Uttarakhand)
and Kolkata (west Bengal). Regional sales offices are located at Chennai, Mumbai, Noida and Kolkata. The Corporate &
Head Office is situated at No.38, 2nd & 3rd Floor, 12th Cross, CBI Road, Ganganagar North, Bengaluru, karnataka -560024.
The Company manufactures and markets a wide variety of construction chemicals in the nature of Concreting Aids, Grouts &
Anchors, Flooring Products, water proofing compounds etc. Company's major customers are construction companies,
Contractors, Retail Stockists and Applicators.

2 Summary of significant accounting policies

a) Basis of preparation

These financial statements have been prepared in accordance with the generally accepted accounting principles in India
under the historical cost convention on accrual basis. These financial statements have been prepared to comply with all
material aspects of accounting standards notified under Section 133 of the Companies Act 2013, read with Rule 7 of the
Companies (Accounts) Rules, 2014. The accounting policies adopted in the preparation of the financial statements are
consistent with those of previous year, unless otherwise stated.

97
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

All assets and liabilities have been classified as current or non-current as per the Company’s normal operating cycle and other
criteria set out in Schedule III to the Companies Act, 2013. Based on the nature of products and the time between the
acquisition of assets for processing and their realisation in cash and cash equivalents, the Company has ascertained its
operating cycle as 12 months for the purpose of current – non current classification of assets and liabilities.

b) Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to
make estimates and assumptions that affects the reported amount of assets, liabilities, revenues and expenses and
disclosures relating to contingent liabilities and assets as at the balance sheet date and the reported amounts of income and
expenses during the year. Difference between the actual amounts and the estimates are recognised in the year in which the
events become Known / are materialized.

c) Inventories

Inventories are stated 'at cost' or 'net realizable value' whichever is lower considered for valuation. Cost
Raw materials
comprises all cost of purchase, cost of conversion and other costs incurred in bringing the inventory to their
(including
present location and condition. Further materials held for use in the production of finished goods are not
Packing
written below product cost, if the products in which they are used are expected to be sold at cost or above
Material)
cost. Due allowance is estimated and made for defective and obsolete items, wherever necessary.

Work-in-progress Inventories are stated 'at cost' or 'net realizable value' whichever is lower considered for valuation. Cost
and finished includes direct materials and labour and a proportion of manufacturing overheads based on normal
goods operating capacity.

98
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Excise duty on the finished goods are considered for valuation of inventories, as applicable.

Net realizable value is the estimated selling price in the ordinary course of business, less the estimated cost of completion and
the estimated costs necessary to make the sale. The comparison of cost and net realizable value is made on item by item
basis.

d) Cash flow statement

Cash flows are reported using the Indirect method, whereby profits/(loss) before extra-ordinary items and tax is adjusted for
the effect of transactions of non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The
cash flow from operating, investing and financing activities of the Company are segregated based on available information.

Cash and cash equivalents include cash in hand, demand deposits with banks, other short term highly liquid investments with
original maturity.

e) Depreciation on property, plant and equipment

Depreciation is provided on Straight Line Method (SLM) at the rates and in the manner specified in Schedule II to the
Companies Act 2013 except in respect of the following assets, where useful life is different than those prescribed in
Schedule II are used

Particulars Useful Life

Building - Freehold 20 years

Leasehold Improvements 5 years

99
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Plant & Machinery :

Plant and Machinery 6 years and 8 Months

Lab equipment 6 years and 8 Months (except in respect of certain item in lab equipment

where life is estimated as 24 months )

Tanks & Dispensers 3 years

Furniture & Fixtures 3 years

Vehicles 4 years

Office equipment 4 years

Leasehold improvements are depreciated over their estimated useful life, or the remaining period of lease from the date of
capitalization, whichever is shorter.

Fosroc Chemicals (India) Private Limited

Notes forming part of the Financial Statements for the year ended March 31, 2018

Amortization of Intangible assets

Amortization of intangible assets has been calculated on straight line basis at the following rates, based on management
estimates, which in the opinion of the management are reflective of the estimated useful lives of the Intangible assets.

Intangible assets :

Standard Plant Documentation Package 5 years

100
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Know-How 2 years

Depreciation on addition to tangible assets is provided on pro-rata basis from the date the assets are ready for intended use.
Depreciation on sale/discard from tangible assets is provided for up to the date of sale, deduction or discard of tangible assets
as the case may be.

For the above category of assets, based on internal assessment the management believes that the useful lives as given above
best represent the period over which the assets can be used based on the operation and nature of products manufactured by
the company.

f) Revenue recognition

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue
can be reliably measured.

Revenue from sale of goods

Revenue from sale of goods is recognised when the significant risks and rewards of ownership of the goods are transferred to
the buyer and are recorded net of trade discounts, rebates, Sales Tax, Value Added Tax, Goods and Service Tax and gross of
Excise Duty

Revenue from services

Revenue from services is recognised on a quarterly basis over the period of the contract according to the services rendered
and the collectability is reasonably assured. The revenue is recognised net of Service Tax / Goods and service tax.

Interest income

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Interest Income is recognised on a time proportion basis taking into account the amount outstanding and applicable interest
rate.

g) Property, plant and equipment

i) Tangible assets

Tangible assets, capital work in progress are stated at cost, less accumulated depreciation and impairment losses, if any. Cost
comprises the purchase price, borrowing costs, if capitalization criteria are met and any cost attributable to bringing the assets
to its working condition for its intended use which includes taxes, freight, and installation and allocated incidental expenditure
during construction/ acquisition and exclusive of CENVAT /Input tax credit (IGST/CGST and SGST) or other tax credit
available to the Company.

When parts of an item of tangible assets have different useful lives, they are accounted for as separate items (major
components) of property, plant and equipment.

Subsequent expenditure relating to tangible assets is capitalized only if such expenditure results in an increase in the future
benefits from such asset beyond its previously assessed standard of performance.

ii) Intangible assets

Research and Development Costs

Intangible Assets are stated at acquisition cost, net of accumulated amortization and accumulated impairment losses, if any.
Intangible assets are amortised on a straight line basis over their estimated useful lives. The amortisation period and the
amortisation method are reviewed at least at each financial year end. If the expected useful life of the asset is significantly
different from previous estimates, the amortisation period is changed accordingly.

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Gains or losses arising from the retirement or disposal of an intangible asset are determined as the difference between the
net disposal proceeds and the carrying amount of the asset and recognised as income or expense in the Statement of Profit
and Loss.

h) Foreign currency translation

Initial recognition

Foreign currency transactions are recorded in the reporting currency, by applying to the foreign currency amount the
exchange rate between the reporting currency and the foreign currency at the date of the transaction.

Conversion

Foreign currency monetary items are reported using the closing rate. Non-monetary items which are carried in terms of
historical cost denominated in a foreign currency are reported using the exchange rate at the date of the
transaction. Non-monetary items which are carried at fair value or other similar valuation denominated in a foreign currency are
reported using the exchange rates that existed when the values were determined.

Exchange differences

Exchange differences arising on the settlement of monetary items or on reporting monetary items of Company at rates different
from those at which they were initially recorded during the year, or reported in previous financial statements, are recognized as
income or as expenses in the year in which they arise except those arising from investments in non-integral operations.

Fosroc Chemicals (India) Private Limited

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Notes forming part of the Financial Statements for the year ended March 31, 2018

i) Investments

Investments that are readily realisable and intended to be held for not more than a year are classified as current investments.
All other investments are classified as long-term investments. Current investments are carried at lower of cost and fair value
determined on an individual investment basis. Long-term investments are carried at cost, less provision for diminution in
value other than temporary.

j) Retirement and other employee benefits

(i) Defined contribution plan

The Company's defined contribution plans are Employees' Provident Fund (under the provisions of the Employees' Provident
Funds and Miscellaneous Provisions Act, 1952) and ESI (under the provisions of Employees State Insurance Act, 1948) and
payments made towards Superannuation Funds. Hence, the Company has no further obligation beyond making the
contributions.

The Company's contributions to Provident Fund and Employer's State Insurance are made at a pre-determined rates and are
charged to the Statement of Profit and Loss on an accrual basis.

(ii) Defined benefit plan - Gratuity

The Company provides for retirement benefits in the form of Gratuity. Benefits payable to eligible employees of the company
with respect to gratuity, a defined benefit plan is accounted for on the basis of an actuarial valuation as at the Balance Sheet
date. In accordance with the Payment of Gratuity Act, 1972, the plan provides for lump sum payments to vested employees
on retirement, death while in service or on termination of employment an amount equivalent to 15 days basic salary for each
completed year of service. Vesting occurs upon completion of five years of service. The present value of such obligation is
determined by the projected unit credit method and adjusted for past service cost and fair value of plan assets as at the
balance sheet date through which the obligations are to be settled. The resultant actuarial gain or loss on change in present
value of the defined benefit obligation or change in return of the plan assets is recognised as an income or expense in the
Statement of Profit and Loss. The expected return on plan assets is based on the assumed rate of return of such assets.
The Company contributes to a fund set up by Life Insurance Company of India/trust managed by the Company.

104
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

(iii) Short-term employee benefits:

All employee benefits falling due wholly within twelve months of rendering the services are classified as short term employee
benefits, which include benefits like salaries, wages, short term compensated absences and performances incentive and are
recognised as expenses in the period in which the employee renders the related service.

k) Leases

Where the company is the lessee

Finance leases, where substantially all the risks and benefits incidental to ownership of the leased item, are transferred to the
Company, are capitalized at the lower of the fair value and present value of the minimum lease payments at the inception of
the lease term and disclosed as leased assets. Lease payments are apportioned between finance charges and reduction of
the lease liability based on the implicit rate of return. Finance charges are charged to income. Lease management fees, legal
charges and other initial direct costs are capitalised.

If there is no reasonable certainty that the Company will obtain the ownership by the end of the lease item, capitalized leased
assets are depreciated over the shorter of the estimated useful life of the asset or the lease term.

Leases where the lessor effectively retains substantially all the risks and benefits of ownership of the leased term, are
classified as operating leases. Operating lease payments are recognized as an expense in the Statement of Profit and Loss on
a straight-line basis over the lease term. Initial direct costs on Operating Lease like legal cost, etc. are amortised over lease
period.

l) Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders
(after deducting preference dividends and attributable taxes) by the weighted average number of equity shares outstanding
during the period. Partly paid equity shares are treated as a fraction of an equity share to the extent that they are entitled to
participate in dividends relative to a fully paid equity share during the reporting period.

The weighted average numbers of equity shares are adjusted for events such as bonus issue, bonus element in the rights
issue, share split and reverse share split (consolidation of shares) that have changed the number of equity shares outstanding,
without corresponding change in resources.

For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity shareholders

105
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential
equity shares.

m) Income taxes

Tax expense for the period comprises of current tax and deferred tax.

Provision for current tax is made on the basis of estimated taxable income for the current accounting year in accordance with
the Income-tax Act, 1961.

Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognised
amounts, and there is an intention to settle the asset and the liability on a net basis.

The deferred tax for timing differences between the book and tax profits for the year is accounted for, using the tax rates and
laws that have been substantively enacted as of the reporting date.

Fosroc Chemicals (India) Private Limited

Notes forming part of the Financial Statements for the year ended March 31, 2018

Deferred tax charge or credit reflects the tax effects of timing differences between accounting income and taxable income for
the period. The deferred tax charge or credit and the corresponding deferred tax liabilities or assets are recognised using the
tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred tax assets are recognised only
to the extent there is reasonable certainty that the assets can be realised in future; however, where there is unabsorbed

106
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

depreciation or carry forward of losses, deferred tax assets are recognised only if there is a virtual certainty of realisation of
such assets. Deferred tax assets are reviewed at each balance sheet date and are written-down or written up to reflect the
amount that is reasonably/virtually certain (as the case may be) to be realised.

At each balance sheet date the Company re-assesses unrecognised deferred tax assets. It recognises unrecognised deferred
tax assets to the extent that it has become reasonably certain or virtually certain, as the case may be that sufficient future
taxable income will be available against which such deferred tax assets can be realised.

The carrying amount of deferred tax assets are reviewed at each balance sheet date. The Company writes-down the carrying
amount of a deferred tax asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that
sufficient future taxable income will be available against which deferred tax asset can be realised. Any such write-down is
reversed to the extent that it becomes reasonably certain or virtually certain, as the case may be, that sufficient future taxable
income will be available

MAT credit is recognised as an asset only when and to the extent there is convincing evidence that the Company will pay
normal income tax during the specified period. In the year in which the Minimum Alternative tax (MAT) credit becomes eligible
to be recognized as an asset in accordance with the recommendations contained in guidance Note issued by the Institute of
Chartered Accountants of India, the said asset is created by way of a credit to the Statement of Profit and Loss and shown as
MAT Credit Entitlement. The Company reviews the same at each balance sheet date and writes down the carrying amount of
MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that Company will pay normal Income
Tax during the specified period.

n) Impairment of assets

The carrying amounts of assets are reviewed at each balance sheet date if there is any indication of impairment based on
internal/external factors. An impairment loss is recognised wherever the carrying amount of an asset exceeds its recoverable
amount. The recoverable amount is the greater of the assets’ net selling price and value in use. In assessing value in use,
the estimated future cash flows are discounted to their present value at the weighted average cost of capital.

After impairment, depreciation/amortization is provided on the revised carrying amount of the asset over its remaining useful
life.

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

o) Contingent liabilities, provisions and contingent assets

The Company creates a provision when there is present obligation as a result of a past event that probably requires an
outflow of resources and a reliable estimate can be made of the amount of obligation.

The Company records a provision for decommissioning, restoration and similar liabilities that are recognized as cost of
property, plant and equipment. Decommissioning costs are provided at the present value of expected costs to settle the
obligation using estimated cash flows and are recognized as part of the cost of the particular asset. The cash flows are
discounted at a current pre-tax rate that reflects the risks specific to the decommissioning liability. The unwinding of the
discount is expensed as incurred and recognized in the statement of profit and loss as a finance cost.

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that probably will not
require an outflow of resources or where a reliable estimate of the obligation cannot be made.

Contingent assets are neither recorded nor disclosed in the financial statements.

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (42)

Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]

FOSROC
CHEMICALS
(INDIA)
PRIVATE
LIMITED

NOTES TO
THE
FINANCIAL
STATEMENTS

1 General Information

The Company manufactures and markets a wide


variety of construction chemicals in the nature of
Concreting Products, Grouting Products, Flooring
Products , water proofing compounds etc. The
principal customers are construction
companies/contractors and Retail
Stockists/applicators.

2 Summary of Significant Accounting Policies

a) Basis of preparation

These financial statements have been prepared in


accordance with the generally accepted accounting
principles in India under the historical cost
convention on accrual basis, These financial
statements have been prepared to comply in all
material aspects with the accounting standards
notified under Section 133 of the Companies Act
2013, read with Rule 7 of the Companies (Accounts)
Rules, 2014. The accounting policies adopted in the
preparation of the financial statements are
consistent with those of previous year, unless
otherwise stated. All assets and liabilities have been
classified as current or non-current as per the
Company’s normal operating cycle and other criteria
set out in Schedule III to the Companies Act, 2013.
Based on the nature of products and the time
between the acquisition of assets for processing and
their realisation in cash and cash equivalents, the
Company has ascertained its operating cycle as 12
months for the purpose of current – non current
classification of assets and liabilities.

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

b) Use of estimates

The preparation of financial statements in conformity


with Generally accepted accounting principles
requires management to make estimates and
assumptions that affect the reported amount of
assets, liabilities, revenues and expenses and
disclosures relating to contingent liabilities and
assets as at the balance sheet date and the reported
amounts of income and expenses during the year.
Difference between the actual amounts and the
estimates are recognised in the year in which the
events become Known / are materialized.

c) Inventories

Inventories are stated 'at


cost' computed on standard
cost or 'net realizable value'
whichever is lower based on
FIFO Method of valuation.
Cost comprises all cost of
purchase, cost of conversion
and other costs incurred in
bringing the inventory to
their present location and
Raw materials (including Packing Material) condition. Further materials
held for use in the
production of finished goods
are not written down below
cost if the products in which
they are used are expected
to be sold at cost or above
cost. Due allowance is
estimated and made for
defective and obsolete
items, wherever necessary.

110
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Lower of cost and net


realizable value. Cost
Work-in-progress and finished goods includes direct materials and
labour and a proportion of
manufacturing overheads
based on normal operating
capacity.

Excise duty on the finished goods are considered for


valuation of inventories, as applicable.

d) Cash Flow Statement

Cash flows are reported using the Indirect method,


whereby profits/(loss) before extra-ordinary items
and tax is adjusted for the effect of transactions of
non-cash nature and any deferrals or accruals of
past or future cash receipts or payments. The cash
flow from operating, investing and financing activities
of the Company are segregated based on available
information.

e) Depreciation and Amortisation

Depreciation is provided on Straight Line Method


(SLM) at the rates and in the manner specified in
Schedule II to the Companies Act 2013 except in
respect of the following assets, where useful life is
different than those prescribed in Schedule II are
used

Useful
Particulars
Life

Over the
period of
Leasehold Land lease term
of 99
years

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Building - Freehold 20 years

Leasehold Improvements 5 years

Plant & Machinery

6 years
Plant and Machinery and 8
Months

6 years
and 8
Months
(except in
Lab Equipment
respect of
certain
item in lab
equipment

where life
is
estimated
as 24
months )

Tanks & Dispensers 3 years

Furniture & Fixtures 3 years

4
Vehicles
years

Office Equipments

Office Equipments (Includes


4 years
Computers)

Intangible Assets

Standard Plant
5 years
Documentation Package

112
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Know-How years

For the above category of assets, based on internal


assessment the management believes that the
useful lives as given above best represent the period
over which the assets can be used based on the
operation and nature of products manufactured by
the company.

FOSROC
CHEMICALS
(INDIA)
PRIVATE
LIMITED

NOTES TO
THE
FINANCIAL
STATEMENTS

f) Revenue Recognition

Revenue is recognized to the extent that it is


probable that the economic benefits will flow to the
Company and the revenue can be reliably
measured.

Sale of Goods

Revenue is recognised when the significant risks


and rewards of ownership of the goods have passed
to the buyer. Excise Duty included in the amount of
turnover (gross) are deducted from turnover (gross)
for disclosure of net turnover in the statement of
Profit and Loss.

Interest

Revenue is recognised on a time proportion basis


taking into account the amount outstanding and the
rate applicable.

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Income from Services

Income from services rendered is booked based on


the agreements / arrangements with the concerned
parties.

Insurance Claim

Insurance claims admitted by the Insurers are


recognised as income.

Fixed Assets, including intangible assets and Capital


g)
work in progress

i) Tangible Assets

Tangible Assets are stated at cost net of recoverable


taxes, trade discounts and rebates and include
amounts added on revaluation, less accumulated
depreciation and impairment loss, if any. The cost of
Tangible Assets comprises its purchase price,
borrowing cost and any cost directly attributable to
bringing the asset to its working condition for its
intended use. Subsequent expenditures related to
an item of Tangible Asset are added to its book
value only if they increase the future benefits from
the existing asset beyond its previously assessed
standard of performance. Projects under which
assets are not ready for their intended use are
disclosed under Capital Work-in-Progress.

ii) Intangible Assets

Research and Development Costs

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Intangible Assets are stated at acquisition cost, net


of accumulated amortization and accumulated
impairment losses, if any. Intangible assets are
amortised on a straight line basis over their
estimated useful lives. The amortisation period and
the amortisation method are reviewed atleast at
each financial year end. If the expected useful life of
the asset is significantly different from previous
estimates, the amortisation period is changed
accordingly.

Gains or losses arising from the retirement or


disposal of an intangible asset are determined as
the difference between the net disposal proceeds
and the carrying amount of the asset and recognised
as income or expense in the Statement of Profit and
Loss.

h) Foreign currency translation

Initial Recognition

Foreign currency transactions are recorded in the


reporting currency, by applying to the foreign
currency amount the exchange rate between the
reporting currency and the foreign currency at the
date of the transaction.

Conversion

Foreign currency monetary items are reported using


the closing rate. Non-monetary items which are
carried in terms of historical cost denominated in a
foreign currency are reported using the exchange
rate at the date of the transaction. Non-monetary
items which are carried at fair value or other similar
valuation denominated in a foreign currency are
reported using the exchange rates that existed when
the values were determined.

Exchange Differences

115
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Exchange differences arising on the settlement of


monetary items or on reporting monetary items of
Company at rates different from those at which they
were initially recorded during the year, or reported in
previous financial statements, are recognized as
income or as expenses in the year in which they
arise except those arising from investments in
non-integral operations.

i) Government grants and subsidies

Grants and subsidies from the government are


recognized when there is reasonable assurance that
the grant/subsidy will be received and all attaching
conditions will be complied with.

When the grant or subsidy relates to an expense


item, it is recognized as income over the periods
necessary to match them on a systematic basis to
the costs, which it is intended to compensate. Where
the grant or subsidy relates to depreciable assets
then the same is treated as deferred income which
is recognised in the Statement of Profit and Loss in
proportions of depreciation on related assets.

FOSROC
CHEMICALS
(INDIA)
PRIVATE
LIMITED

NOTES TO
THE
FINANCIAL
STATEMENTS

j) Investments

Investments that are readily realisable and intended


to be held for not more than a year are classified as
current investments. All other investments are
classified as long-term investments. Current

116
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

investments are carried at lower of cost and fair


value determined on an individual investment basis.

117
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Long-term investments are carried at cost, less


provision for diminution in value other than
temporary.

k) Employee Benefits

(i) Defined Contribution Plan

The Company's defined contribution plans are


Employees' Provident Fund (under the provisions of
the Employees' Provident Funds and Miscellaneous
Provisions Act, 1952) and ESI (under the provisions
of Employees State Insurance Act, 1948) and
payments made towards Superannuation Funds.
Hence, the Company has no further obligation
beyond making the contributions.

The Company's contributions to Provident Fund and


Employer's State Insurance are made at a
pre-determined rates and are charged to the
Statement of Profit and Loss on an accrual basis.

(ii) Defined Benefit Plan

The Company's liability towards Gratuity is provided


as per Actuarial Valuation Certificate obtained from
an Actuary which is determined using Projected Unit
Credit Method.

(iii) Short-term employee benefits:

All employee benefits falling due wholly within twelve


months of rendering the services are classified as
short term empoyee benefits, which include benefits

118
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

like salaries, wages, short term compensated

119
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

absences and performances incentive and are


recognised as expenses in the period in which the
employee renders the related service.

Actuarial gains/losses are immediately recognised in


(iv) the statement of Profit and Loss and are not
deferred.

l) Leases

Where the Company is the lessee

Finance leases, where substantially all the risks and


benefits incidental to ownership of the leased item,
are transferred to the Company, are capitalized at
the lower of the fair value and present value of the
minimum lease payments at the inception of the
lease term and disclosed as leased assets. Lease
payments are apportioned between finance charges
and reduction of the lease liability based on the
implicit rate of return. Finance charges are charged
to income. Lease management fees, legal charges
and other initial direct costs are capitalised.

If there is no reasonable certainty that the Company


will obtain the ownership by the end of the lease
item, capitalized leased assets are depreciated over
the shorter of the estimated useful life of the asset or
the lease term.

Leases where the lessor effectively retains


substantially all the risks and benefits of ownership
of the leased term, are classified as operating
leases. Operating lease payments are recognized as
an expense in the Statement of Profit and Loss on a
straight-line basis over the lease term. Initial direct
costs on Operating Lease like legal cost, etc are
amortised over lease period.

m) Earnings Per Share

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Basic earnings per share are calculated by dividing


the net profit or loss for the period attributable to
equity shareholders (after deducting preference
dividends and attributable taxes if any) by the
weighted average number of equity shares
outstanding during the period. Partly paid equity
shares (if any) are treated as a fraction of an equity
share to the extent that they were entitled to
participate in dividends relative to a fully paid equity
share during the reporting period. The weighted
average number of equity shares outstanding during
the period are adjusted for events of bonus issue;
bonus element in a rights issue to existing
shareholders; share split; and consolidation of
shares if any.

For the purpose of calculating diluted earnings per


share, the net profit or loss for the period attributable
to equity shareholders and the weighted average
number of shares outstanding during the period are
adjusted for the effects of all dilutive potential equity
shares.

n) Income Taxes

Tax expense comprises of current and deferred


tax. Current income tax is measured at the amount
expected to be paid to the tax authorities in
accordance with the Indian Income Tax Act.
Deferred income taxes reflects the impact of current
year timing differences between taxable income and
accounting income for the year and reversal of
timing differences of earlier years.

Deferred tax is measured based on the tax rates and


the tax laws enacted or substantively enacted at the
balance sheet date. Deferred tax assets and
deferred tax liabilities across various countries of
operation are not set off against each other as the
Company does not have a legal right to do so.
Deferred tax assets are recognised only to the
extent that there is reasonable certainty that
sufficient future taxable income will be available
against which such deferred tax assets can be
realised. In situations where the Company has
unabsorbed depreciation or carry forward tax losses,

121
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

all deferred tax assets are recognised only if there is

122
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

virtual certainty supported by convincing evidence


that they can be realised against future taxable
profits.

At each balance sheet date the Company


re-assesses unrecognised deferred tax assets. It
recognises unrecognised deferred tax assets to the
extent that it has become reasonably certain or
virtually certain, as the case may be that sufficient
future taxable income will be available against which
such deferred tax assets can be realised.

FOSROC
CHEMICALS
(INDIA)
PRIVATE
LIMITED

NOTES TO
THE
FINANCIAL
STATEMENTS

The carrying amount of deferred tax assets are


reviewed at each balance sheet date. The Company
writes-down the carrying amount of a deferred tax
asset to the extent that it is no longer reasonably
certain or virtually certain, as the case may be, that
sufficient future taxable income will be available
against which deferred tax asset can be realised.
Any such write-down is reversed to the extent that it
becomes reasonably certain or virtually certain, as
the case may be, that sufficient future taxable
income will be available

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

MAT credit is recognised as an asset only when and


to the extent there is convincing evidence that the
Company will pay normal income tax during the
specified period. In the year in which the Minimum
Alternative tax (MAT) credit becomes eligible to be
recognized as an asset in accordance with the
recommendations contained in guidance Note
issued by the Institute of Chartered Accountants of
India, the said asset is created by way of a credit to
the Statement of Profit and Loss and shown as MAT
Credit Entitlement. The Company reviews the same
at each balance sheet date and writes down the
carrying amount of MAT Credit Entitlement to the
extent there is no longer convincing evidence to the
effect that Company will pay normal Income Tax
during the specified period.

o) Impairment

The carrying amounts of assets are reviewed to see


if there is any indication of impairment based on
internal/external factors. An impairment loss is
recognized wherever the carrying amount of an
asset exceeds its recoverable amount. The
(i)
recoverable amount is the greater of the asset’s net
selling price and value in use. In assessing value in
use, the estimated future cash flows are discounted
to their present value at the weighted average cost
of capital.

After impairment, depreciation is provided on the


(ii) revised carrying amount of the asset over its
remaining useful life.

A previously recognised impairment loss is


increased or decreased based on reassessment of
recoverable amount, which is carried out if the
(iii) change is significant. However the carrying value
after reversal is not increased beyond the carrying

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FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

value that would have prevailed by charging usual


depreciation if there was no impairment.

p) Provisions

A provision is recognised when an enterprise has a


present obligation as a result of past event; it is
probable that an outflow of resources will be
required to settle the obligation, in respect of which a
reliable estimate can be made. Provisions are not
discounted to its present value and are determined
based on best estimate required to settle the
obligation at the balance sheet date. These are
reviewed at each balance sheet date and adjusted
to reflect the current best estimates.

[201700] Notes - Government grants


Unless otherwise specified, all monetary values are in INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on government grants explanatory [TextBlock]
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0

[201200] Notes - Employee benefits


Unless otherwise specified, all monetary values are in INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Textual information (43) Textual information (44)
Disclosure of employee benefits explanatory [TextBlock] [See below] [See below]

125
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (43)

Disclosure of employee benefits explanatory [Text Block]

Retirement and other employee benefits

Defined contribution plan

The Company's defined contribution plans are Employees' Provident Fund (under the provisions of the Employees' Provident
Funds and Miscellaneous Provisions Act, 1952) and ESI (under the provisions of Employees State Insurance Act, 1948) and
payments made towards Superannuation Funds. Hence, the Company has no further obligation beyond making the
contributions.

The Company's contributions to Provident Fund and Employer's State Insurance are made at a pre-determined rates and are
charged to the Statement of Profit and Loss on an accrual basis.

Defined benefit plan - Gratuity

The Company provides for retirement benefits in the form of Gratuity. Benefits payable to eligible employees of the company with
respect to gratuity, a defined benefit plan is accounted for on the basis of an actuarial valuation as at the Balance Sheet date. In
accordance with the Payment of Gratuity Act, 1972, the plan provides for lump sum payments to vested employees on
retirement, death while in service or on termination of employment an amount equivalent to 15 days basic salary for each
completed year of service. Vesting occurs upon completion of five years of service. The present value of such obligation is
determined by the projected unit credit method and adjusted for past service cost and fair value of plan assets as at the balance
sheet date through which the obligations are to be settled. The resultant actuarial gain or loss on change in present value of the
defined benefit obligation or change in return of the plan assets is recognised as an income or expense in the Statement of Profit
and Loss. The expected return on plan assets is based on the assumed rate of return of such assets. The Company contributes
to a fund set up by Life Insurance Company of India/trust managed by the Company.

Short-term employee benefits:

All employee benefits falling due wholly within twelve months of rendering the services are classified as short term employee
benefits, which include benefits like salaries, wages, short term compensated absences and performances incentive and are
recognised as expenses in the period in which the employee renders the related service.

126
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (44)

Disclosure of employee benefits explanatory [Text Block]

Employee Benefits
k
The Company's defined contribution plans are Employees' Provident Fund (under the provisions of the Employees' Provident
Funds and Miscellaneous Provisions Act, 1952) and ESI (under the provisions of Employees State Insurance Act, 1948) and
payments made towards Superannuation Funds. Hence, the Company has no further obligation beyond making the
contributions.
The Company's contributions to Provident Fund and Employer's State Insurance are made at a pre-determined rates and are
charged to the Statement of Profit and Loss on an accrual basis.

(ii)
Defined Benefit Plan
The Company's liability towards Gratuity is provided as per Actuarial Valuation Certificate obtained from an Actuary which is
determined using Projected Unit Credit Method.

Short-term employee benefits:


All employee benefits falling due wholly within twelve months of rendering the services are classified as short term empoyee
(iii)
benefits, which include benefits like salaries, wages, short term compensated absences and performances incentive and are
recognised as expenses in the period in which the employee renders the related service.

(iv)
Actuarial gains/losses are immediately recognised in the statement of Profit and Loss and are not deferred.

127
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[201600] Notes - Related party

Disclosure of relationship and transactions between related parties [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Categories of related parties [Axis] 1 2
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of relationship and transactions between
related parties [Abstract]
Disclosure of relationship and transactions between
related parties [LineItems]
Fosroc
Fosroc International Ltd ,
Name of related party Fosroc supply FZE Fosroc supply FZE International Ltd
UK
, UK
Country of incorporation or residence of related UNITED ARAB UNITED ARAB U N I T E D
UNITED KINGDOM
party EMIRATES EMIRATES KINGDOM
Fellow Subsidiary Fellow Subsidiary H o l d i n g
Description of nature of related party relationship company company company
Holding company
Purchase, Sale, Purchase, Sale, Purchase, Sale, Purchase, Sale, COntract,
Description of nature of transactions with related COntract, Re COntract, Re COntract, Re Re emburshment of
party emburshment of emburshment of emburshment of Expenditure, Receiving
Expenditure etc Expenditure etc Expenditure etc Dividend etc
Related party transactions [Abstract]
Purchases of goods related party transactions 56,75,15,019 0
Reimbursement of expenses incurred on
behalf of company during year related 9,71,996 0 26,17,256 0
party transactions
Reimbursement of expenses incurred by
related party during year related party 77,266 0 13,52,823 0
transactions
Transfers of research and development to
2,40,06,351 0
enterprise related party transactions
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 0 0 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 20,82,35,466 0 3,77,77,293 0
Amounts receivable related party transactions 9,77,430 0
Amount written off during period in respect
0 0 0 0
of debts due from related parties
Amount written back during period in respect
0 0 0 0
of debts due to related parties

128
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of relationship and transactions between related parties [Table] ..(2)


Unless otherwise specified, all monetary values are in INR
Categories of related parties [Axis] 3 4
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of relationship and transactions between
related parties [Abstract]
Disclosure of relationship and transactions between
related parties [LineItems]
Al Gurg Fosroc
Name of related party Fosroc,LLC
Al Gurg Fosroc,LLC
Limited,U.K.
Fosroc Limited,U.K.

Country of incorporation or residence of related UNITED ARAB UNITED ARAB U N I T E D


UNITED KINGDOM
party EMIRATES EMIRATES KINGDOM
Fellow Fellow
Fellow Subsidiary Fellow Subsidiary
Description of nature of related party relationship Subsidiary
company
Subsidiary
company
company company
Purchase, Sale, Purchase, Sale, COntract, Purchase, Sale, Purchase, Sale, COntract,
Description of nature of transactions with related COntract, Re Re emburshment of COntract, Re Re emburshment of
party emburshment of Expenditure, Receiving emburshment of Expenditure, Receiving
Expenditure etc Dividend etc Expenditure etc Dividend etc
Related party transactions [Abstract]
Purchases of goods related party transactions 1,77,787 0
Reimbursement of expenses incurred on
behalf of company during year related 1,09,351 0 36,164 0
party transactions
Reimbursement of expenses incurred by
related party during year related party 81,860 0
transactions
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 0 0 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 13,43,277 0
Amounts receivable related party transactions 1,10,607 0
Amount written off during period in respect
0 0 0 0
of debts due from related parties
Amount written back during period in respect
0 0 0 0
of debts due to related parties

129
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of relationship and transactions between related parties [Table] ..(3)


Unless otherwise specified, all monetary values are in INR
Categories of related parties [Axis] 5 6
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of relationship and transactions between
related parties [Abstract]
Disclosure of relationship and transactions between
related parties [LineItems]
Fosroc Fosroc Global Fosroc Global Trading
Name of related party Guangzhou Ltd
Fosroc Guangzhou Ltd
Trading Ltd Ltd
Country of incorporation or residence of related UNITED
CHINA CHINA UNITED KINGDOM
party KINGDOM
Fellow Fellow
Fellow Subsidiary Fellow Subsidiary
Description of nature of related party relationship Subsidiary
company
Subsidiary
company
company company
Purchase, Sale, Purchase, Sale, COntract, Purchase, Sale, Purchase, Sale, COntract,
Description of nature of transactions with related COntract, Re Re emburshment of COntract, Re Re emburshment of
party emburshment of Expenditure, Receiving emburshment of Expenditure, Receiving
Expenditure etc Dividend etc Expenditure etc Dividend etc
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 0 0 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts receivable related party transactions 36,225 0
Amount written off during period in respect
0 0 0 0
of debts due from related parties
Amount written back during period in respect
0 0 0 0
of debts due to related parties

130
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of relationship and transactions between related parties [Table] ..(4)


Unless otherwise specified, all monetary values are in INR
Categories of related parties [Axis] 7 8
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of relationship and transactions between
related parties [Abstract]
Disclosure of relationship and transactions between
related parties [LineItems]
JMH Merlin Trading
Name of related party Fosroc Sdn Bhd
LLC
Fosroc Korea Ltd Fosroc Sdn Bhd
KOREA,
Country of incorporation or residence of related DEMOCRATIC
MALAYSIA UNITED KINGDOM MALAYSIA
party PEOPLE'S
REPUBLIC OF
Fellow Fellow
Fellow Subsidiary Fellow Subsidiary
Description of nature of related party relationship Subsidiary
company
Subsidiary
company
company company
Purchase, Sale, Purchase, Sale, COntract, Purchase, Sale, Purchase, Sale, COntract,
Description of nature of transactions with related COntract, Re Re emburshment of COntract, Re Re emburshment of
party emburshment of Expenditure, Receiving emburshment of Expenditure, Receiving
Expenditure etc Dividend etc Expenditure etc Dividend etc
Related party transactions [Abstract]
Reimbursement of expenses incurred on
behalf of company during year related 13,356 0
party transactions
Reimbursement of expenses incurred by
related party during year related party 98,610 0
transactions
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 0 0 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 98,775 0
Amounts receivable related party transactions 10,11,974 0
Amount written off during period in respect
0 0 0 0
of debts due from related parties
Amount written back during period in respect
0 0 0 0
of debts due to related parties

131
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Disclosure of relationship and transactions between related parties [Table] ..(5)


Unless otherwise specified, all monetary values are in INR
Categories of related parties [Axis] 9 10
01/04/2017 01/04/2016 01/04/2017 01/04/2016
to to to to
31/03/2018 31/03/2017 31/03/2018 31/03/2017
Disclosure of relationship and transactions between
related parties [Abstract]
Disclosure of relationship and transactions between
related parties [LineItems]
Fosroc Hong kong
Name of related party Fosroc Euco S.A.
Limited
Fosroc Singapore Fosroc Korea Ltd
KOREA,
Country of incorporation or residence of related DEMOCRATIC
EL SALVADOR HONG KONG SINGAPORE
party PEOPLE'S REPUBLIC
OF
Fellow Fellow
Fellow Subsidiary Fellow Subsidiary
Description of nature of related party relationship Subsidiary
company
Subsidiary
company
company company
Purchase, Sale, Purchase, Sale, COntract, Purchase, Sale, Purchase, Sale, COntract,
Description of nature of transactions with related COntract, Re Re emburshment of COntract, Re Re emburshment of
party emburshment of Expenditure, Receiving emburshment of Expenditure, Receiving
Expenditure etc Dividend etc Expenditure etc Dividend etc
Related party transactions [Abstract]
Reimbursement of expenses incurred by
related party during year related party 71,504 0
transactions
Transaction relating to key management personnel
[Abstract]
Remuneration for key managerial personnel 0 0 0 0
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 73,215 0
Amount written off during period in respect
0 0 0 0
of debts due from related parties
Amount written back during period in respect
0 0 0 0
of debts due to related parties

Unless otherwise specified, all monetary values are in INR


01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of notes on related party explanatory [TextBlock]
Whether there are any related party transactions during year Yes Yes
Whether company is subsidiary company Yes Yes
Section under which company is subsidiary Section 2(87)(ii) Section 2(87)(ii)

[201400] Notes - Leases


Unless otherwise specified, all monetary values are in INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of leases explanatory [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa

132
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[300300] Notes - Earnings per share


Unless otherwise specified, all monetary values are in INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Disclosure of earnings per share explanatory [TextBlock]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Profit (loss) for period 41,27,33,334 42,33,47,540
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Profit (loss) for period 41,27,33,334 42,33,47,540

[202800] Notes - Subsidiary information


Unless otherwise specified, all monetary values are in INR
01/04/2017
to
31/03/2018
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies No
Number of subsidiary companies 0
Whether company has subsidiary companies which are yet to commence
No
operations
Whether company has subsidiary companies liquidated or sold during year No

[201900] Notes - Income taxes


Unless otherwise specified, all monetary values are in INR
31/03/2018 31/03/2017
Disclosure of notes on income taxes explanatory [TextBlock]
Disclosure of breakup of deferred tax assets and deferred tax liabilities
[Abstract]
Components of deferred tax assets [Abstract]
Deferred tax asset, employee benefits 59,56,593 0
Deferred tax asset, depreciation 53,76,049 0
Deferred tax asset, provision doubtful debts 3,08,22,966 0
Deferred tax asset, other 2,71,66,457 0
Total deferred tax assets 6,93,22,065 0

[202400] Notes - Investments in associates


Unless otherwise specified, all monetary values are in INR
01/04/2017
to
31/03/2018
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates No
Whether company has associates which are yet to commence operations No
Whether company has associates liquidated or sold during year No

133
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[202500] Notes - Financial reporting of interests in joint ventures


Unless otherwise specified, all monetary values are in INR
01/04/2017
to
31/03/2018
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures No
Whether company has joint ventures which are yet to commence operations No
Whether company has joint ventures liquidated or sold during year No

[202700] Notes - Cash flow statements


Unless otherwise specified, all monetary values are in INR
01/04/2017 01/04/2016
to to 31/03/2016
31/03/2018 31/03/2017
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 26,58,57,200 23,93,16,789 18,85,74,845
Total cash and cash equivalents 26,58,57,200 23,93,16,789
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 22,96,00,507 22,74,53,827
Income taxes paid (refund), classified as financing activities 6,10,72,944 5,59,83,530
Total income taxes paid (refund) 29,06,73,451 28,34,37,357

134
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[100200] Statement of profit and loss


Unless otherwise specified, all monetary values are in INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Statement of profit and loss [Abstract]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 495,83,33,348 428,69,63,183
Revenue from sale of services 0 0
Total revenue from operations other than finance company 495,83,33,348 428,69,63,183
Total revenue from operations 495,83,33,348 428,69,63,183
Other income 1,90,98,442 4,34,38,983
Total revenue 497,74,31,790 433,04,02,166
Expenses [Abstract]
Cost of materials consumed 290,28,95,858 236,32,95,872
Purchases of stock-in-trade 10,38,09,267 12,28,39,250
Changes in inventories of finished goods, work-in-progress and
1,60,74,234 -79,95,612
stock-in-trade
Employee benefit expense 55,30,41,061 46,31,08,573
Finance costs 86,87,531 11,27,034
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 5,22,91,349 4,61,12,949
Amortisation expense 98,35,656 1,00,43,990
Total depreciation, depletion and amortisation expense 6,21,27,005 5,61,56,939
CSR expenditure 27,34,067 47,25,285
Other expenses 69,32,43,550 68,32,61,074
Total expenses 434,26,12,573 368,65,18,415
Total profit before prior period items, exceptional items, extraordinary
63,48,19,217 64,38,83,751
items and tax
Total profit before extraordinary items and tax 63,48,19,217 64,38,83,751
Total profit before tax 63,48,19,217 64,38,83,751
Tax expense [Abstract]
Current tax 23,10,00,000 22,97,60,235
Deferred tax -89,14,117 -92,24,024
Total tax expense 22,20,85,883 22,05,36,211
Total profit (loss) for period from continuing operations 41,27,33,334 42,33,47,540
Profit (loss) from discontinuing operations before tax 0 0
Tax expense of discontinuing operations 0 0
Total profit (loss) for period before minority interest 41,27,33,334 42,33,47,540
Profit (loss) of minority interest 0 0
Total profit (loss) for period 41,27,33,334 42,33,47,540
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] 515.92 [INR/shares] 529.18
Diluted earnings per equity share [INR/shares] 515.92 [INR/shares] 529.18

135
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[300500] Notes - Subclassification and notes on income and expenses


Unless otherwise specified, all monetary values are in INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from sale of products [Abstract]
Revenue from sale of products [Abstract]
Revenue from sale of products, gross 495,83,33,348 428,69,63,183
Total revenue from sale of products 495,83,33,348 428,69,63,183
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Total revenue from sale of services 0 0
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 39,46,541 33,67,491
Total interest income on current investments 39,46,541 33,67,491
Total interest income 39,46,541 33,67,491
Dividend income [Abstract]
Total dividend income 0 0
Other non-operating income [Abstract]
Excess provisions written back 1,48,56,651 0
Miscellaneous other non-operating income 2,95,250 4,00,71,492
Total other non-operating income 1,51,51,901 4,00,71,492
Total other income 1,90,98,442 4,34,38,983
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Other interest charges 86,87,531 11,27,034
Total interest expense 86,87,531 11,27,034
Total finance costs 86,87,531 11,27,034
Employee benefit expense [Abstract]
Salaries and wages 40,74,02,821 38,38,48,337
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Total managerial remuneration 0 0
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 2,17,84,448 2,08,37,744
Total contribution to provident and other funds 2,17,84,448 2,08,37,744
Gratuity 52,45,570 49,40,656
Staff welfare expense 6,16,35,155 5,34,81,836
Other employee related expenses 5,69,73,067 0
Total employee benefit expense 55,30,41,061 46,31,08,573
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 1,38,86,797 1,82,94,930
Power and fuel 2,09,51,080 1,73,26,734
Rent 6,93,45,996 5,73,64,046
Repairs to building 32,13,384 24,30,274
Repairs to machinery 1,77,93,780 1,37,28,474
Insurance 24,55,247 24,16,221
Rates and taxes excluding taxes on income [Abstract]
Cost taxes other levies by government local authorities 2,12,44,146 2,09,83,483
Total rates and taxes excluding taxes on income 2,12,44,146 2,09,83,483
Telephone postage 0 89,77,053
Printing stationery 26,69,714 21,48,464
Travelling conveyance 9,51,18,028 7,81,30,256
Directors sitting fees 0 0
Advertising promotional expenses 2,24,49,254 1,11,72,045
Commission paid sole selling agents 0 1,82,730

136
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Cost transportation [Abstract]


Cost freight 1,66,92,784 1,98,55,097
Total cost transportation 1,66,92,784 1,98,55,097
Cost technical services 7,09,93,318 5,45,19,312
Cost royalty 21,40,38,320 19,58,56,054
Provision bad doubtful debts created 1,68,58,613 0
Provision bad doubtful loans advances created 0 0
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off 0 0
Bad debts written off 41,10,686 0
Bad debts advances written off 0 0
Total write-off assets 41,10,686 0
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
0 0
tangible asset
Payments to auditor [Abstract]
Payment for audit services 12,81,488 17,15,090
Total payments to auditor 12,81,488 17,15,090
Miscellaneous expenses 10,01,40,915 17,81,60,811
Total other expenses 69,32,43,550 68,32,61,074
Current tax [Abstract]
Current tax pertaining to current year 23,10,00,000 22,97,60,235
Total current tax 23,10,00,000 22,97,60,235

[300600] Notes - Additional information statement of profit and loss


Unless otherwise specified, all monetary values are in INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Additional information on profit and loss account explanatory [TextBlock]
Changes in inventories of finished goods -33,92,259 -97,94,891
Changes in inventories of stock-in-trade 1,94,66,493 17,99,279
Total changes in inventories of finished goods, work-in-progress and
1,60,74,234 -79,95,612
stock-in-trade
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 0 0
Total amount of dividend remitted in foreign currency 0 0
Total earnings in foreign currency 0 0
Domestic sale manufactured goods 495,83,33,348 428,69,63,183
Total domestic turnover goods, gross 495,83,33,348 428,69,63,183
Total revenue from sale of products 495,83,33,348 428,69,63,183
Total revenue from sale of services 0 0
Gross value of transaction with related parties as per AS-18 0 0
Bad debts of related parties as per AS-18 0 0

[300100] Notes - Revenue


Unless otherwise specified, all monetary values are in INR
01/04/2017 01/04/2016
to to
31/03/2018 31/03/2017
Textual information (45) Textual information (46)
Disclosure of revenue explanatory [TextBlock] [See below] [See below]
Textual information (47)
Description of accounting policy for recognition of revenue [See below]

137
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (45)

Disclosure of revenue explanatory [Text Block]

f) Revenue Recognition

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the
revenue can be reliably measured.

Sale of Goods

Revenue is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer. Excise
Duty included in the amount of turnover (gross) are deducted from turnover (gross) for disclosure of net turnover in the
statement of Profit and Loss.

Interest

Revenue is recognised on a time proportion basis taking into account the amount outstanding and the rate applicable.

Income from Services

Income from services rendered is booked based on the agreements / arrangements with the concerned parties.

Insurance Claim

Insurance claims admitted by the Insurers are recognised as income.

138
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (46)

Disclosure of revenue explanatory [Text Block]

f) Revenue Recognition

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the
revenue can be reliably measured.

Sale of Goods

Revenue is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer. Excise
Duty included in the amount of turnover (gross) are deducted from turnover (gross) for disclosure of net turnover in the
statement of Profit and Loss.

Interest

Revenue is recognised on a time proportion basis taking into account the amount outstanding and the rate applicable.

Income from Services

Income from services rendered is booked based on the agreements / arrangements with the concerned parties.

Insurance Claim

Insurance claims admitted by the Insurers are recognised as income.

Textual information (47)

Description of accounting policy for recognition of revenue


Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably
measured. Revenue from sale of goods Revenue from sale of goods is recognised when the significant risks and rewards of ownership of the
goods are transferred to the buyer and are recorded net of trade discounts, rebates, Sales Tax, Value Added Tax, Goods and Service Tax and gross
of Excise Duty Revenue from services Revenue from services is recognised on a quarterly basis over the period of the contract according to the
services rendered and the collectability is reasonably assured. The revenue is recognised net of Service Tax / Goods and service tax.

139
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[300700] Notes - Key managerial personnels and directors remuneration and other information

Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Key managerial personnels and directors [Axis] 1 2 3 4
01/04/2017 01/04/2017 01/04/2017 01/04/2017
to to to to
31/03/2018 31/03/2018 31/03/2018 31/03/2018
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[Abstract]
Disclosure of key managerial personnels and directors
and remuneration to key managerial personnels and
directors [LineItems]
S A I
DIVYA GOPINATH
Name of key managerial personnel or director RAMANATHAN
KADILKAR
SANJIV DUTTA
NAGARATHNAM
KRISHNAN
Director identification number of key managerial
02832355 07669716 08067406 07923986
personnel or director
Date of birth of key managerial personnel or
12/07/1966 07/08/1971 10/10/1963 14/09/1970
director
Designation of key managerial personnel or director Director Director Additional Director Director
Qualification of key managerial personnel or
Graduation Graduation Graduation Graduation
director
Shares held by key managerial personnel or director [shares] 0 [shares] 0 [shares] 0 [shares] 0
Key managerial personnel or director remuneration
[Abstract]
Gross salary to key managerial personnel or
director [Abstract]
Salary key managerial personnel or director 1,46,22,883 36,42,500 17,86,500 52,54,405
Perquisites key managerial personnel or
7,13,277 1,15,248
director
Gross salary to key managerial personnel or
1,53,36,160 36,42,500 17,86,500 53,69,653
director
Total key managerial personnel or director
1,53,36,160 36,42,500 17,86,500 53,69,653
remuneration

Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(2)
Unless otherwise specified, all monetary values are in INR
Key managerial personnels and directors [Axis] 5 6
01/04/2017 01/04/2017
to to
31/03/2018 31/03/2018
Disclosure of key managerial personnels and directors and remuneration to key
managerial personnels and directors [Abstract]
Disclosure of key managerial personnels and directors and remuneration to key
managerial personnels and directors [LineItems]
SIVA RAMA
RAVINDRABABU K R I S H N A
Name of key managerial personnel or director UMASHANKAR PHANINDRA
BASAVARADYA V I N A Y A K
POLEPEDDI
Director identification number of key managerial personnel or director 07923972 06905227
Date of birth of key managerial personnel or director 25/03/1965 30/08/1972
Designation of key managerial personnel or director Director Director
Qualification of key managerial personnel or director Graduation Graduation
Shares held by key managerial personnel or director [shares] 0 [shares] 0
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Salary key managerial personnel or director 45,08,491 18,01,414
Perquisites key managerial personnel or director 81,715
Gross salary to key managerial personnel or director 45,90,206 18,01,414
Total key managerial personnel or director remuneration 45,90,206 18,01,414

140
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

[301000] Notes - Corporate social responsibility

Disclosure of net profits for last three financial years [Table] ..(1)
Unless otherwise specified, all monetary values are in INR
Financial year 1 Financial year 2 Financial year 3
Net profits for last three financial years [Axis]
[Member] [Member] [Member]
01/04/2017 01/04/2017 01/04/2017
to to to
31/03/2018 31/03/2018 31/03/2018
Disclosure of net profits for last three financial years [Abstract]
Disclosure of net profits for last three financial years [LineItems]
Description of financial year 2016-17 2015-16 2014-15
Profit before tax of financial year 64,38,83,751 49,71,67,535 28,76,68,092
Net profit computed u/s 198 and adjusted as per rule 2(1)(f)
64,38,83,751 49,71,67,535 28,76,68,092
of Companies (CSR Policy) Rules, 2014

Classification of CSR spending [Table] ..(1)


Unless otherwise specified, all monetary values are in INR
Classification of CSR spending [Axis] 1
01/04/2017
to
31/03/2018
Disclosure of CSR spending [Abstract]
Details of CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [Abstract]
Manner in which amount CSR spent during financial year [LineItems]
Prompting Education
CSR project or activity identified / Training
Sector in which project is covered Education
Whether projects or programs undertaken in local area or other Local Area
Name of state or union territory where projects or programs was undertaken Karnataka
Name of district where projects or programs was undertaken Bangalore
Budget amount outlay project or program wise 95,24,795.85
Amount spent on projects or programs [Abstract]
Direct expenditure on projects or programs 27,34,067
Total amount spent on projects or programs 27,34,067
Cumulative expenditure upto reporting period 67,90,729
Mode of amount spent Directly by company

Unless otherwise specified, all monetary values are in INR


01/04/2017
to
31/03/2018
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
Yes
company
Textual information (48)
Disclosure of composition of CSR committee [TextBlock] [See below]
Whether company has written CSR policy Yes
Textual information (49)
Details CSR policy [TextBlock] [See below]
Disclosure overview of projects or programs proposed to be
undertaken CSR policy
Average net profit for last three financial years 47,62,39,792.67
Prescribed CSR expenditure 95,24,795.85
Amount CSR to be spent for financial year 95,24,795.85
Amount CSR spent for financial year 27,34,067
Amount spent in local area 27,34,067
Amount unspent CSR 0
Disclosure manner in which amount CSR spent during financial year Textual information (50)
explanatory [TextBlock] [See below]

141
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (48)

Disclosure of composition of CSR committee [Text Block]


The Composition of the CSR Committee.
Mr.R.Sai Krishnan - Chairman
Mr.Ravindra Babu U.B - Member
Mr.G.BVamadev - Member
Mr. Sachin Gurav - Member.

142
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (49)

Details CSR policy [Text Block]


Annexure –I

A brief outline of the company's CSR policy, including overview of projects or programs proposed to be undertaken and a reference to the
web-link to the CSR policy and projects or programs.

The Composition of the CSR Committee.


Mr.R.Sai Krishnan - Chairman
Mr.Ravindra Babu U.B - Member
Mr.G.BVamadev - Member
Mr. Sachin Gurav - Member.

Average net profit of the company for last three financial years – INR 476,239,793
(FY 2014-15, 2015-16 & 2016-17, Net Profit before Tax Rs. 287,668,092 /-, Rs. 497,167,535/- & Rs. 643,883,751 respectively)

Prescribed CSR Expenditure for the year is INR 9,524,795.85/-(two per cent. of the average net profit of previous three years INR 9,524,795.85/-)

Details of CSR spent during the financial year.

Amount spent during the FY 2017-18. Refer to CSR Policy reported above.

Manner in which the amount spent during the financial year is detailed below.

(1) (2) (3) (4) (5) (6) (7) (8)

Amount spent
on the
projects or
Amount
CSR Programs Cumulative Amount spent:
Sector in outlay
project or Projects or programs(1)Local area or other Subheads: expenditure Direct or
which the (budget)
Sl activity (2) Specify the State and district where (1)Direct upto the through
Project is project or
No Identified. projects or programs was undertaken expenditure reporting implementing
covered programs
on projects or period agency *
wise
programs.
(2)
Overheads:

Improving hands on training on specialised


Prompting applications of water proofing, Repairs
Education VII (ii) &Flooring materials, to generate
9,524,796 2,734,067 6,790,729 Direct
1 / Training self-employment amongst artisan’s /
unskilled people.

For Fosroc Chemicals (India) Private Limited


Place: Bangalore
Date: 17.07.2018

Sai Ramanathan Krishnan John Baird Watson Watt


Director Director
(DIN:02832355) (DIN: 07823570)

143
FOSROC CHEMICALS (INDIA) PRIVATE LIMITED Standalone Financial Statements for period 01/04/2017 to 31/03/2018

Textual information (50)

Disclosure manner in which amount CSR spent during financial year explanatory [Text Block]
Annexure –I

A brief outline of the company's CSR policy, including overview of projects or programs proposed to be undertaken and a reference to the
web-link to the CSR policy and projects or programs.

The Composition of the CSR Committee.


Mr.R.Sai Krishnan - Chairman
Mr.Ravindra Babu U.B - Member
Mr.G.BVamadev - Member
Mr. Sachin Gurav - Member.

Average net profit of the company for last three financial years – INR 476,239,793
(FY 2014-15, 2015-16 & 2016-17, Net Profit before Tax Rs. 287,668,092 /-, Rs. 497,167,535/- & Rs. 643,883,751 respectively)

Prescribed CSR Expenditure for the year is INR 9,524,795.85/-(two per cent. of the average net profit of previous three years)

Details of CSR spent during the financial year.

Amount spent during the FY 2017-18. Refer to CSR Policy reported above.

Manner in which the amount spent during the financial year is detailed below.

(1) (2) (3) (4) (5) (6) (7) (8)

Amount spent
on the
projects or
Amount
CSR Programs Cumulative Amount spent:
Sector in outlay
project or Projects or programs(1)Local area or other Subheads: expenditure Direct or
which the (budget)
Sl activity (2) Specify the State and district where (1)Direct upto the through
Project is project or
No Identified. projects or programs was undertaken expenditure reporting implementing
covered programs
on projects or period agency *
wise
programs.
(2)
Overheads:

Improving hands on training on specialised


Prompting applications of water proofing, Repairs
Education VII (ii) &Flooring materials, to generate
9,524,796 2,734,067 6,790,729 Direct
1 / Training self-employment amongst artisan’s /
unskilled people.

144