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Area
(Employee Cost)
Employee Head
count and Salary
Employee
Benefits
Statutory
Compliance
Off-roll Analysis
Source: Management information, DTTILLP analysis
Key emerging trends/ observation
Note: The formula for calculating attrition rate used by us is different from the one used by the VDD advisor hence a difference in
attrition rate can be observed.
Working hours and Leave entitlement under Shops and Commercial Establishment Act
'- As per the Company's policy, normal scheduled office hours for full -time regular, contract and temporary employees was 9 hours
per day, inclusive of a lunch break of 30 mins and two tea breaks of 15 mins each.
- We note that the statutory leave entitled to the employees as per the company's policy is less beneficial as prescribed by the State's
directives for the employee mapped in the state of Jammu and Kashmir and Uttar Pradesh.
Gratuity (Under Payment of Gratuity Act) & Earned Leave Encashment (under Shops and Commercial Establishment Act)
- As per the information provided, we note that the gratuity and Earned leave is 100% unfunded.
- The provision for gratuity as per the Company's policy is in accordance with the Act.
Statutory Bonus under Payment of Bonus Act:
- As per the VDD report shared, we noted that the formula considered for calculating statutory bonus liability (8.33% of earned basic
salary or INR 7,000 whichever is lower) is not in accordance with the statutory provision of the Act.
- According to the Act the statutory bonus to be calculated using the below formula:
- Case-1: If actual basic per month is less than INR 7,000 per month; Statutory bonus= 8.33% X Earned basic.
- Case-2: If actual basic per month is greater than INR 7,000 per month
- Case-2a: If applicable monthly Minimum wage for the employee is greater than INR 7,000 per month; Statutory bonus= 8.33% X
(Prorated applicable minimum wage)
- Case-2b: If applicable monthly Minimum wage for the employee is less than INR 7,000 per month; Statutory bonus= 8.33% X
(Prorated 7,000)
- We expect the statutory bonus liability will be higher than estimated in VDD report.
- As per the management clarification and information provided, they have not yet paid statutory bonus to any of the employees nor
they have taken provision for statutory bonus in their financial statements. However we have recalculated the bonus liability as per
the provision of the Act and have considered the same in our adjustment tables.
Minimum Wage (under Payment of Minimum Wages Act): Instances of shortfall in payment of Minimum wage were observed
during the coverage period.
INR In Million FY17 FY18 FY19 Total
Minimum Wage Shortfall - 0.33 0.14 0.47
Provident Fund (Under Employees' Provident Fund and Miscellaneous Provisions Act): We did not note any instances of non-
compliances towards payment of employer's contribution to PF.
ESIC (Under Employee State Insurance Act): We noted instances of shortfall in payment of employer's contribution to ESI,
INR In Million FY17 FY18 FY19 Total
ESI Shortfall 0.003 0.00 0.00 0.003
We have requested but are yet to receive the data to analyse compliance with the Contract Labour (Regulation and Abolition) Act
rce: Management information, DTTILLP analysis
Q&A Pending Data/ Data Limitation Tab reference
- Even though there is a decrease in the 1. Attrition detail for all employee category for FY19 (Jan- Trend Analysis'!A1
average headcount per month from FY18 19, Feb-19, Mar-19)
to FY19, we note an increase in average 2. Monthly PF and ESI challans for all employees for the
gross earning per employee per month for coverage period.
the same period. Please clarify. 3. Form-11 for all the employees who have voluntarily
opted out of PF contribution.
4. Bonus calculation sheet for the coverage period along
with the annual return Form D.
5. Supporting documents and policy in regards to:
- Prevention of sexual harassment at workplace (POSH)
- Disciplinary policy and incident report.
- Contract labour regulation and abolition Act.
As on 31st
INR in millions
March 2019
Minimum wage shortfall 0.5
Additional PF liability in accordance to Supreme court judgement 0.9
Additional bonus liability after adjustment 2.6
Unfunded Liability (Payment of gratuity) 10.8
Unfunded Liability (Earned leave encashment) 7.2
Total 22.0
Source: Management information and DTTILLP analysis
Analysis>>>
Compliance summary PF&ESI Pay register to Challan Rec
Data pending:
- Form 11 (if any) for employees who have opted out of PF contribution.
- OT details (if any) for the coverage period.
I Pay register to Challan Recon Statutory Leaves
Leave Year- 1st Apr to 31st Mar
FY18 FY19 Total Shops and commercial establishment Act
0.0 0.0 0.0 As per As per act- As per act- As per act-
S. No. Policy Target's Policy Delhi Jammu UP
1 Working Hours 9 Hrs/ day 48 Hrs/ week 48Hrs/ week 48Hrs/ week
2 Total Statutory Leaves 32 27 44 40
2(i) Earned Leave (days) 20 15 30 15
2(ii) Earned Leave Accumulation (days) 180 45 90 45
2(iii) Sick Leave (days) 5 No Not Specified 15
2(iv) Sick Leave Accumulation (days) No No Not Specified Not Specified
2(v) Casual Leave (days) 7 12 14 10
2(vi) Casual Leave Accumulation (days) No No Not Specified Not Specified
2(vii) Intervening Holidays counted as EL No Not Specified Yes Not Specified
2(viii) Intervening Holidays counted as SL Not Specified Not Specified Not Specified Not Specified
2(ix) Intervening Holidays counted as CL Not Specified Not Specified Not Specified Not Specified
3 National/ Public holidays 8 11 9 7
4 Leave encashment (For EL) Yes Yes Yes Yes
4(i) Leave encashment (For SL) Not Specified No Not Specified Not Specified
5 Maternity Leave (26 Weeks) 26 weeks 26 weeks 26 weeks 26 weeks
Count of employee as on Mar-19 160 26 10
Note:
- Apart from the leave category mentioned above the employees are also entitle to Bereavement leave
FY19 FY19
INR in million. FY17 FY18 Total
(Apr18-Feb19) (Mar19)
Potential additional PF Liability (As per SC ruling) 0.2 0.3 0.4 - 0.9
Source: Management information and DTTILLP Analysis
Headcount vs Basic earnings vs Gross earnings analysis
Avg. Emp count PM^ Earned Basic PM^ Avg.Earned Basic Gross earning PM^
Months (INR in million) (INR in million) PE* PM^ (INR in '000) (INR in million)
FY17 FY18 FY19 FY17 FY18 FY19 FY17 FY18 FY19 FY17 FY18
Apr 129 180 196 2.0 2.7 2.9 15.5 14.8 14.9 3.3 4.7
May 131 178 198 2.1 2.7 3.1 15.8 14.9 15.8 3.5 4.7
Jun 134 182 197 2.2 3.0 3.1 16.4 16.3 15.8 4.0 5.5
Jul 143 185 198 2.3 3.0 3.1 16.1 16.1 15.9 4.1 5.5
Aug 144 206 198 2.3 3.0 3.0 15.9 14.7 15.3 4.0 5.6
Sep 147 209 195 2.3 3.1 3.1 15.9 15.0 16.1 4.1 5.8
Oct 149 208 195 2.4 3.1 3.1 15.9 15.0 16.1 4.2 5.7
Nov 146 195 192 2.3 3.0 3.1 15.9 15.2 16.2 4.1 5.4
Dec 160 191 196 2.5 2.9 3.1 15.5 15.3 15.6 4.4 5.4
Jan 171 189 192 2.6 2.9 3.0 15.1 15.6 15.5 4.5 5.4
Feb 171 190 193 2.6 3.0 3.0 15.0 15.5 15.7 4.5 5.4
Mar 173 189 194 2.6 2.9 3.1 15.1 15.437 15.8 4.6 5.4
Total 150 192 195 28.1 35.2 36.8 187.4 183.6 188.9 49.1 64.4
% Inc (Average) 28.0% 1.6% 25.4% 39.4% (2.0%) 2.9% 31.1%
Note:
* : PE stands for per employee
^ : PM stands for per month
Source: Management information & DTTILLP Analysis
Avg. Emp count PM^ Earned Basic PM^ Avg.Earned Basic Gross earning PM^
Branch (INR in million) (INR in million) PE* PM^ (INR in '000) (INR in million)
FY17 FY18 FY19 FY17 FY18 FY19 FY17 FY18 FY19 FY17 FY18
Pusa Road 13 17 15 2.1 2.7 2.5 167.6 160.0 165.4 3.7 4.8
Swasthya Vihar 61 68 69 10.3 11.4 11.8 167.8 167.8 172.0 17.4 20.8
Corporate 30 43 42 7.9 11.3 11.8 267.5 264.5 279.2 14.3 20.7
Westend 11 5 - 1.8 0.9 - 167.0 180.3 - 3.2 1.7
Shahdara 10 12 12 1.6 2.0 1.9 161.9 162.8 156.1 2.8 3.6
East Delhi 6 - - 1.0 - - 169.7 - - 1.7 -
Indrapuram 10 11 11 1.9 2.4 2.6 198.2 221.4 234.1 3.5 4.5
Defence Enclave 1 - - 0.2 - - 158.3 - - 0.4 -
Srinagar 2 20 27 0.3 1.8 2.9 186.0 93.0 108.8 0.5 3.2
Charitable Wing 3 2 - 0.5 0.2 - 155.0 144.4 - 0.9 0.4
Khajuri Khas 2 5 5 0.2 0.8 0.9 120.2 159.1 171.6 0.3 1.4
Loni 2 2 - 0.3 0.3 - 117.7 135.4 - 0.4 0.6
Aradhana Enclave - 8 13 - 1.3 2.3 - 167.8 171.2 - 2.6
Medical Tourism - - 1 - 0.1 0.2 - - 318.8 - 0.2
Aligarah - - 1 - - 0.1 - - 107.3 - -
Total 150 192 195 28.1 35.2 36.8 187.4 183.6 188.9 49.1 64.4
% Inc (Average) 28.0% 1.6% 25.4% 39.4% (2.0%) 2.9% 31.1%
Avg. Emp count PM^ Earned Basic PM^ Avg.Earned Basic Gross earning PM^
Departments (INR in million) (INR in million) PE* PM^ (INR in '000) (INR in million)
FY17 FY18 FY19 FY17 FY18 FY19 FY17 FY18 FY19 FY17 FY18
Accounts & Finance 9 13 12 2.3 3.4 3.5 266.7 253.8 280.0 4.0 6.4
Admin and Transport 8 7 7 0.9 0.7 0.8 122.4 105.6 110.1 1.6 1.4
Billing 4 5 5 0.6 0.7 0.8 146.5 149.3 163.6 1.1 1.5
Biomedical 1 1 1 0.2 0.2 0.3 160.3 185.8 246.4 0.3 0.3
Counselling 5 5 4 0.8 0.9 0.8 168.2 184.6 206.5 1.6 1.8
Customer Care 2 4 4 0.2 0.5 0.5 123.1 135.4 128.5 0.3 0.8
Front Office 15 21 19 2.0 2.4 2.3 137.2 116.9 117.6 3.1 3.9
Housekeeping 4 4 4 0.5 0.5 0.5 130.8 132.4 132.2 0.7 0.8
Human Resource 3 2 2 0.6 0.4 0.5 216.4 220.7 253.8 1.2 0.9
Information Technology 1 3 3 0.4 0.6 0.7 276.9 236.9 245.4 0.7 1.3
Marketing 17 20 27 3.4 4.5 5.5 203.8 224.8 205.2 6.2 8.6
Operation Theatre 12 16 17 1.9 2.5 2.8 159.6 154.6 159.4 3.2 4.5
Operations 19 20 19 5.7 6.9 6.8 299.3 337.2 360.0 10.0 12.3
Optical 8 13 12 1.4 1.9 2.0 167.1 153.2 164.6 2.4 3.5
Optometry & Opthalmology 21 24 23 4.1 4.7 4.6 197.1 197.1 198.0 7.6 9.3
Out Patient Department 10 18 19 1.2 1.8 2.0 119.6 101.2 104.3 1.6 2.5
Pharmacy 8 9 8 1.1 1.1 1.0 134.6 125.6 125.3 1.7 2.0
Quality 1 2 2 0.3 0.5 0.5 273.9 295.5 283.0 0.6 0.9
Store & Purchase 4 6 7 0.6 0.9 1.0 172.6 145.9 151.9 1.3 1.7
Total 150 192 195 28.1 35.2 36.8 187.4 183.6 188.9 49.1 64.4
% Inc (Average) 28.0% 1.8% 25.4% 39.4% (2.0%) 2.9% 31.1%
analysis Total earning for recon
Gross earning PM^ Avg.Gross earnings % Inc. Avg. Manpower distribution across branches- FY19
(INR in million) PE* PM^ (INR in '000) Earned Gross
FY19 FY17 FY18 FY19 FY18 FY19
4.7 290.6 280.2 311.3 (3.6%) 11.1%
22.5 284.8 306.4 329.0 7.6% 7.4% Pusa Road 6.83% 7.81%
23.4 482.5 484.7 555.7 0.5% 14.6%
- 305.0 339.9 - 11.4% (100.0%) Swasthya Vihar Aligarah; 1 ;
0.30%
3.7 277.1 293.0 305.0 5.7% 4.1% Corporate 2.65% 0.30%
13.74%
- 288.0 - - (100.0%) -
5.0 361.4 418.7 458.9 15.8% 9.6% Shahdara
- 281.9 - - (100.0%) - Indrapuram 35.07%
5.7 295.7 164.5 214.0
5.59%
(44.4%) 30.1%
- 271.3 266.4 - (1.8%) (100.0%) Srinagar
6.14%
1.6 185.9 280.4 306.5 50.8% 9.3%
Khajuri Khas
- 204.8 243.9 - 19.1% (100.0%)
4.6 - 324.2 341.6 - 5.4% Aradhana Enclave
0.4 - - 672.6 - - 21.59%
Medical Tourism
0.1 - - 214.6 - -
71.8 327.4 335.4 368.1 2.4% 9.8% Aligarah
48.6% 2.4% 9.8%
Swasthya Vihar
h; 1 ; 8.00% 0.55% Al i ga ra h; 0.1 ;
Corporate 2.21%0.17%
Shahdara 6.98%
31.40%
35.07% Indrapuram
5.10%
Srinagar
Khajuri Khas
Aradhana Enclave
Medical Tourism
32.64%
Aligarah
Department wise attrition trend Month wise a
42461
42491
42522
42552
42583
42614
42644
42675
42705
42736
42767
42795
42826
42856
42887
42917
42948
42979
43009
43040
2 17 12% 4% FY17 FY18
16 62 24% 32%
12 37 33% 24%
4 11 33% 8%
- 11 - 0%
4 26 29% 8% 140% Depa
3 4 60% 6% 120%
1 3 33% 2% 100% 86%
3 1 120% 6% 80%
5 15 38% 10% 50%
60%
- - - 0% 40%
40% 27% 32%
21%15%
20% FY17
FY17
Bi omedica
Couns
FY17
el l;
li ng; 13%8%20%12%14%
FY17 Informaton FY17 Out
12% Patent 13%FY18
3 15 25% 11% FY17
- -Bi l l i ng; Hous
- ekeepi
Te chnology;
ng; - - Department;
FY17 Qua-l i ty; -FY18
- Bi
7 70 14% 25% 0%
Pha rma cy
Operaton Theatre
Ma rketng
Front Ofce
Bi l l i ng
Bi l l i ng
Bi omedi ca l
Operatons
Optca l
8 40 28% 29%
- 12 - 0%
2 10 25% 7%
2 26 10% 7%
- - - 0%
2 6 59% 7%
- - - 0%
4 15 36% 14%
- - - 0%
FY17
Srinaga r
Swa sthya Vi har
Al iga rh
Indrapura m
Swasthya Vihar
Indrapuram
Loni
Pus a Road
Pus a Road
Corporate
Corporate
Charitabl e Wing
Charitable Wi ng
Shahdara
Shahda ra
Khajuri Khas
Khajuri Khas
Aradhana Encl ave
FY17 FY18
n
%
Pus a Road Optca l
12%
12%
h; -
42826
42%
Swasthya Vihar Optometry & Optha l mol ogy
14%
FY17
24%
Out Patent Depa rtment 42856
35%
Corporate
-
Out
Pha rma cy 42887
12%
27%
Shahda ra
Qua l i ty 42917
Depa rtment;
25%
Indrapuram Store & Purcha s e
86%
42948
Patent
24%
Srinaga r
42979
22%
FY18
Charitable Wi ng Accounts & Fi na nce
32%
60%
43009
FY18
Admi n a nd Tra ns port
34%33%
Bi l l i ng
FY18
Loni 43070
Bi
120%
Bi omedi ca l
Aradha na Enclave 32%
38%
Couns el l i ng
67%
Aligarh Customer Ca re
- Bi l l i ng; -
43132
omedi
Month on month annualised attrition rate
57%
29%28%
ca
Front Ofce 43160
50%
l;
28%
Hous eke epi ng
29%
Pus a Road
Res
FY18
Huma n Res ource
FY18
Swasthya Vi har 43191
14%
Informaton Technol ogy
Technol
Corporate 43221
ource;
FY18
19%19%
Ma rketng
Huma n
FY18
Shahda ra 43252
ogy;
Operaton Theatre
17%
43282
Theatre;
Indrapuram Operatons
16%
35%
10%
FY18 Al i ga rh; - FY19 Shahdara;
Department wise annual attrition rate (%)
Optometry & Optha l mol ogy 43344
Operaton
FY19
Charita ble Wing
Out Patent Depa rtment
19%
Khajuri Khas 43374
FY19
59%
Pha rma cy
100%
43435
FY19 Chari ta bl e
20%
36%
67%
21%
Tra ns
Admi n a nd Tra ns port 43525
15%
FY19
Bi l l i ng
Couns el l i ng
Custome r Ca re
-
n aCouns
38%
Front Ofce nd FY19
- Bi l l i- ng; Hous
30%
FY19
Ma rketng
FY19Huma
48%
n
ng;ogy;
Operatons
27%
Informaton
Optca l
Optometry & Optha l mol ogy
Out Pate nt Depa rtme nt
Pha rma cy
11%11%7%15%
Qua l i ty
Store & Purcha s e
24%
FY19 Qua li ty; -
Out Pate nt Depa rtme nt
Pha rma cy
%7%15%
Qua l i ty
Store & Purcha s e
24%
FY19 Quali ty; -
Attrition Base
Payroll Branch Location Date of Joining Date of Leaving Month of leaving Company FY Emp. ID
Corporate Delhi 08-Sep-10 20-Jun-16 Jun-16 SSLC FY17 9260
Swasthya Vihar Delhi 01-Sep-12 29-Dec-16 Dec-16 SSLC FY17 9261
Corporate Delhi 27-Apr-13 20-Feb-17 Feb-17 SSLC FY17 9262
Pusa Road Delhi 01-Apr-14 06-Jan-17 Jan-17 SSC FY17 9263
Aradhana Enclave Delhi 15-May-14 11-Jul-16 Jul-16 SSLC FY17 9265
Swasthya Vihar Delhi 10-Jan-15 28-Nov-16 Nov-16 SSLC FY17 9266
Swasthya Vihar Delhi 02-Feb-15 07-Feb-17 Feb-17 SSLC FY17 9264
Corporate Delhi 16-Mar-15 25-Feb-17 Feb-17 SSLC FY17 9259
Corporate Delhi 01-Apr-15 31-Jan-17 Jan-17 SSLC FY17 9267
Swasthya Vihar Delhi 07-Jul-15 07-Jan-17 Jan-17 SSLC FY17 9268
Corporate Delhi 03-Aug-15 11-Oct-16 Oct-16 SSLC FY17 9269
Swasthya Vihar Delhi 01-Oct-15 09-Jul-16 Jul-16 SSLC FY17 9270
Corporate Delhi 08-Oct-15 09-Feb-17 Feb-17 SSLC FY17 9271
Swasthya Vihar Delhi 14-Oct-15 31-Mar-17 Mar-17 SSLC FY17 9272
Shahdara Delhi 02-Nov-15 13-Aug-16 Aug-16 SSLC FY17 9273
Corporate Delhi 05-Dec-15 24-Jan-17 Jan-17 SSLC FY17 9274
Corporate Delhi 14-Mar-16 15-Dec-16 Dec-16 SSLC FY17 9275
Aradhana Enclave Delhi 04-Apr-16 27-Jul-16 Jul-16 SSLC FY17 9276
Swasthya Vihar Delhi 14-Apr-16 08-Jul-16 Jul-16 SSC FY17 9277
Pusa Road Delhi 25-Apr-16 09-Aug-16 Aug-16 SSLC FY17 9278
Corporate Delhi 01-Jun-16 02-Nov-16 Nov-16 SSLC FY17 9279
Aradhana Enclave Delhi 29-Jul-16 25-Mar-17 Mar-17 SSLC FY17 9280
Loni Loni 20-Aug-16 11-Sep-16 Sep-16 SSLC FY17 9281
Corporate Delhi 27-Jan-17 01-Feb-17 Feb-17 SSLC FY17 9282
Charitable Wing Delhi 01-Jun-11 04-Apr-17 Apr-17 SSC FY17 9283
Corporate Delhi 02-May-11 31-May-17 May-17 SSLC FY17 9284
Swasthya Vihar Delhi 08-Apr-13 14-Apr-17 Apr-17 SSLC FY17 9285
Swasthya Vihar Delhi 01-Jul-13 31-Oct-17 Oct-17 SSLC FY17 9286
Swasthya Vihar Delhi 01-Jul-13 17-Apr-17 Apr-17 SSLC FY17 9287
Swasthya Vihar Delhi 08-Apr-14 15-Oct-17 Oct-17 SSLC FY17 9288
Aradhana Enclave Delhi 10-May-14 03-Mar-18 Mar-18 SSLC FY17 9289
Shahdara Delhi 01-Jul-14 15-Mar-18 Mar-18 SSLC FY17 9290
Aradhana Enclave Delhi 18-May-15 10-Aug-17 Aug-17 SSC FY17 9291
Swasthya Vihar Delhi 07-Jul-15 31-Oct-17 Oct-17 SSLC FY17 9292
Shahdara Delhi 11-Aug-15 29-Apr-17 Apr-17 SSLC FY17 9293
Corporate Delhi 18-Aug-15 10-Jul-17 Jul-17 SSLC FY17 9294
Swasthya Vihar Delhi 01-Oct-15 02-May-17 May-17 SSC FY17 9295
Charitable Wing Delhi 05-Oct-15 10-Apr-17 Apr-17 SSC FY17 9296
Swasthya Vihar Delhi 23-Nov-15 15-Feb-18 Feb-18 SSLC FY17 9297
Swasthya Vihar Delhi 14-Mar-16 31-Oct-17 Oct-17 SSLC FY17 9298
Pusa Road Delhi 03-Mar-16 31-Oct-17 Oct-17 SSC FY17 9299
Shahdara Delhi 05-Apr-16 31-Aug-17 Aug-17 SSLC FY17 9300
Corporate Delhi 09-May-16 11-May-17 May-17 SSLC FY17 9301
Loni Loni 20-Aug-16 30-Oct-17 Oct-17 SSLC FY17 9302
Swasthya Vihar Delhi 05-Sep-16 08-Nov-17 Nov-17 SSLC FY17 9303
Swasthya Vihar Delhi 05-Sep-16 30-Nov-17 Nov-17 SSLC FY17 9304
Loni Loni 10-Oct-16 31-Oct-17 Oct-17 SSLC FY17 9305
Swasthya Vihar Delhi 07-Nov-16 26-Apr-17 Apr-17 SSLC FY17 9306
Khajuri Khas Delhi 21-Nov-16 30-Sep-17 Sep-17 SSLC FY17 9307
Corporate Delhi 01-Dec-16 19-Jun-17 Jun-17 SSLC FY17 9308
Shahdara Delhi 01-Dec-16 30-Jun-17 Jun-17 SSLC FY17 9309
Corporate Delhi 01-Dec-16 31-Oct-17 Oct-17 SSLC FY17 9310
Loni Loni 05-Dec-16 31-Oct-17 Oct-17 SSC FY17 9311
Swasthya Vihar Delhi 03-Jan-17 17-Aug-17 Aug-17 SSLC FY17 9312
Pusa Road Delhi 03-Jan-17 01-Jul-17 Jul-17 SSC FY17 9313
Swasthya Vihar Delhi 03-Jan-17 31-Oct-17 Oct-17 SSLC FY17 9314
Swasthya Vihar Delhi 27-Jan-17 31-Oct-17 Oct-17 SSC FY17 9315
Swasthya Vihar Delhi 01-Mar-17 12-Feb-18 Feb-18 SSLC FY17 9316
Corporate Delhi 10-Mar-17 01-Dec-17 Dec-17 SSLC FY17 9317
Corporate Delhi 17-Mar-17 31-Oct-17 Oct-17 SSLC FY17 9318
Corporate Delhi 03-Apr-17 09-Aug-17 Aug-17 SSLC FY17 9319
Charitable Wing Delhi 11-Apr-17 15-Jul-17 Jul-17 SSC FY17 9320
Corporate Delhi 12-Apr-17 18-Sep-17 Sep-17 SSLC FY17 9321
Swasthya Vihar Delhi 26-Apr-17 31-Oct-17 Oct-17 SSLC FY17 9322
Corporate Delhi 23-May-17 27-May-17 May-17 SSLC FY17 9323
Corporate Delhi 03-Jul-17 21-Nov-17 Nov-17 SSLC FY17 9324
Srinagar Srinagar 07-Aug-17 31-Oct-17 Oct-17 SSLC FY17 9325
Srinagar Srinagar 21-Aug-17 27-Feb-18 Feb-18 SSLC FY17 9326
Srinagar Srinagar 21-Aug-17 25-Dec-17 Dec-17 SSLC FY17 9327
Srinagar Srinagar 21-Aug-17 23-Dec-17 Dec-17 SSLC FY17 9328
Aradhana Enclave Delhi 25-Sep-17 31-Oct-17 Oct-17 SSC FY17 9329
Aradhana Enclave Delhi 25-Sep-17 01-Nov-17 Nov-17 SSLC FY17 9330
Aradhana Enclave Delhi 28-Nov-17 08-Mar-18 Mar-18 SSLC FY17 9331
Corporate Delhi 01-Jan-18 28-Mar-18 Mar-18 SSLC FY17 9332
Khajuri Khas Delhi 03-Nov-09 25-Dec-18 Dec-18 SSLC FY18 9333
Swasthya Vihar Delhi 01-Feb-11 31-Dec-18 Dec-18 SSLC FY18 9334
Corporate Delhi 18-Apr-11 13-Jun-18 Jun-18 SSLC FY18 9335
Aradhana Enclave Delhi 19-Nov-12 11-Apr-18 Apr-18 SSLC FY18 9336
Corporate Delhi 20-Jan-15 15-Oct-18 Oct-18 SSLC FY18 9337
Indrapuram Ghaziabad 28-Sep-15 10-Dec-18 Dec-18 SSC FY18 9338
Corporate Delhi 05-Oct-15 07-May-18 May-18 SSLC FY18 9339
Indrapuram Ghaziabad 04-Jan-16 31-Dec-18 Dec-18 SSLC FY18 9340
Swasthya Vihar Delhi 28-Mar-16 15-Dec-18 Dec-18 SSLC FY18 9341
Khajuri Khas Delhi 08-Aug-16 20-Aug-18 Aug-18 SSLC FY18 9342
Corporate Delhi 12-Oct-16 31-Aug-18 Aug-18 SSLC FY18 9343
Swasthya Vihar Delhi 16-Dec-16 25-May-18 May-18 SSLC FY18 9344
Swasthya Vihar Delhi 01-Mar-17 04-Sep-18 Sep-18 SSLC FY18 9345
Pusa Road Delhi 03-Apr-17 30-Nov-18 Nov-18 SSLC FY18 9346
Aradhana Enclave Delhi 03-Apr-17 13-Aug-18 Aug-18 SSLC FY18 9347
Aradhana Enclave Delhi 24-Apr-17 01-Dec-18 Dec-18 SSLC FY18 9348
Swasthya Vihar Delhi 08-May-17 20-Aug-18 Aug-18 SSLC FY18 9349
Corporate Delhi 15-May-17 10-Nov-18 Nov-18 SSLC FY18 9350
Pusa Road Delhi 19-May-17 29-Sep-18 Sep-18 SSC FY18 9351
Pusa Road Delhi 15-Jun-17 19-May-18 May-18 SSLC FY18 9352
Srinagar Srinagar 21-Aug-17 31-Oct-18 Oct-18 SSLC FY18 9353
Srinagar Srinagar 01-Sep-17 30-Apr-18 Apr-18 SSLC FY18 9354
Swasthya Vihar Delhi 16-Apr-18 18-Oct-18 Oct-18 SSLC FY18 9355
Swasthya Vihar Delhi 23-Apr-18 30-Apr-18 Apr-18 SSLC FY18 9356
Corporate Delhi 01-May-18 31-Jul-18 Jul-18 SSLC FY18 9357
Corporate Delhi 01-May-18 31-Jul-18 Jul-18 SSLC FY18 9358
Corporate Delhi 09-May-18 02-Jun-18 Jun-18 SSLC FY18 9359
Aradhana Enclave Delhi 12-Jul-18 30-Nov-18 Nov-18 SSLC FY18 9360
FY18 9361
FY18 9362
FY18 9363
FY18 9364
FY18 9365
FY18 9366
FY18 9367
FY18 9368
FY18 9369
FY18 9370
FY18 9371
FY18 9372
FY18 9373
FY18 9374
FY18 9375
FY18 9376
FY18 9377
FY18 9378
FY18 9379
FY18 9380
FY18 9381
FY18 9382
FY18 9383
FY18 9384
FY18 9385
FY18 9386
FY18 9387
FY18 9388
FY18 9389
FY18 9390
FY18 9391
FY18 9392
FY18 9393
FY18 9394
FY18 9395
FY18 9396
FY19 9397
FY19 9398
FY19 9399
FY19 9400
FY19 9401
FY19 9402
FY19 9403
FY19 9404
FY19 9405
FY19 9406
FY19 9407
FY19 9408
FY19 9409
FY19 9410
FY19 9411
FY19 9412
FY19 9413
FY19 9414
FY19 9415
FY19 9416
FY19 9417
FY19 9418
FY19 9419
FY19 9420
FY19 9421
FY19 9422
FY19 9423
FY19 9424
FY19 9425
FY19 9426
FY19 9427
FY19 9428
FY19 9429
New Joininee Base
FY17
As per Challan As per Pay.Reg Shortfall
Months
Count Er PF Emp PF Count Er PF Emp PF Count Er PF Emp PF
Apr-16 59 73,238 83,238 59 73,237 83,237 - - -
May-16 61 78,311 88,311 61 78,311 88,311 - - -
Jun-16 73 100,618 110,618 68 94,577 104,577 - - -
Jul-16 75 102,258 112,258 75 102,258 112,258 - - -
Aug-16 80 108,387 118,387 80 108,387 118,387 - - -
Sep-16 85 113,576 123,576 85 113,576 123,576 - - -
Oct-16 86 117,441 127,441 86 117,442 127,442 - 1 1
Nov-16 88 117,853 125,653 83 111,314 119,114 - - -
Dec-16 96 126,538 134,338 96 126,538 134,338 - - -
Jan-17 107 139,285 149,585 107 139,285 149,585 - - -
Feb-17 108 144,489 154,789 108 144,406 154,706 - - -
Mar-17 112 150,626 160,926 112 150,626 160,926 - - -
Total 1,372,620 1,489,120 1,359,957 1,476,457 1 1
FY18
As per Challan As per Pay.Reg Shortfall
Months
Count Er PF Emp PF Count Er PF Emp PF Count Er PF Emp PF
Apr-17 116 153,226 163,526 116 153,226 163,526 - - -
May-17 114 155,249 165,549 115 155,714 166,014 1 465 465
Jun-17 123 169,736 180,036 123 169,736 180,036 - - -
Jul-17 124 173,012 183,312 124 173,012 183,312 - - -
Aug-17 133 176,248 186,548 148 181,922 192,222 15 5,674 5,674 As per challa
Sep-17 150 197,535 207,835 150 191,860 202,160 - - -
Oct-17 149 191,887 202,187 149 191,885 202,185 - - -
Nov-17 137 173,844 184,144 137 173,842 184,142 - - -
Dec-17 133 169,637 179,937 133 169,634 179,934 - - -
Jan-18 132 170,047 180,347 132 170,046 180,346 - - -
Feb-18 133 171,378 181,678 133 171,377 181,677 - - -
Mar-18 132 168,323 178,623 132 168,323 178,623 - - -
Total 2,070,122 2,193,722 2,070,577 2,194,177 6,139 6,139
FY19
As per Challan As per Pay.Reg Shortfall
Months
Count Er PF Emp PF Count Er PF Emp PF Er PF Emp PF
Apr-18 138 175,378 185,678 138 175,313 185,613 - - -
May-18 140 183,700 194,000 140 183,700 194,000 - - -
Jun-18 141 182,698 192,998 141 182,698 192,998 - - -
Jul-18 142 187,251 197,551 142 187,251 197,551 - - -
Aug-18 144 190,702 201,002 144 190,711 201,011 - 9 9
Sep-18 142 191,641 201,941 142 191,641 201,941 - - -
Oct-18 142 191,816 202,116 142 191,816 202,116 - - -
Nov-18 140 189,913 200,213 140 189,913 200,213 - - -
Dec-18 141 185,660 195,960 141 185,660 195,960 - - -
Jan-19 138 184,158 194,458 138 184,158 194,458 - - -
Feb-19 138 184,881 195,181 138 184,881 195,181 - - -
Mar-19 138 185,853 196,153 138 185,853 196,153 - - -
Total 2,233,651 2,357,251 2,233,595 2,357,195 9 9
Defined Benefit – Gratuity Plan
INR in million
SSC SSLC
Summary of key results as at year end
Projected benefit obligation 0.9 9.9
Fair value of Plan assets - -
Funded Status (0.9) (9.9)
Current liability (Amount due within one year) - -
Non current liability (Amount due over one year) - -
Net Asset/ (Liability) recognised in Balance Sheet
Present value of Defined Benefit Obligation 0.9 9.9
Fair Value of Plan Assets - -
Funded Status [Surplus/(Deficit)] (0.9) (9.9)
Unrecognised Past Service Costs - -
Net Asset/ (Liability) recognised in Balance Sheet (0.9) (9.9)
As per financial statements 0.9 9.9
Unreconciled difference - -
Components of Employer Expense
Current Service cost 0.2 2.1
Interest Cost 0.1 0.7
Past service cost - -
Expected Return on Plan Assets - -
Amortization of Prior Service Cost - -
Actuarial Losses/ Gain (0.0) (1.4)
Transfer In / Out - -
Curtailment Cost / (Credit) - -
Settlement Cost / (Credit) - -
Total employer expense recognized in P&L 0.2 1.4
As per financial statements (0.2) (1.4)
Unreconciled difference - -
Summary of membership
Number of employees 21 173
Average monthly salary (INR) 12,836 16,302
Average age (Years) 30.8 32.3
Average Past Service 3.2 3.6
Average Future Service (Years) 29.2 27.7
Key assumptions used
Valuation assumptions
Discount rate (%) 7.6% 7.6%
Expected return on plan assets (%) NA NA
Future salary increase (%) (Assumption) 10.0% 10.0%
Actual salary increase (%) - Basic Salary 39.4% 39.4%
Actual salary increase (%) - Avg. Basic/ Emp/ Mon 2.9% 2.9%
Mortality rate Indian Assured Indian Assured
Lives Mortality Lives Mortality
(2006-08) Ultimate (2006-08) Ultimate
Withdrawal rate 3% 3%
Retirement Age 60 Years 60 Years
FY19
Valuation assumptions FY19 Valuation assumptions Assumption Actual
Future salary increase (%) (Assumption) 10% Future salary increase (%) (Avg. 10% 3%
Actual salary increase (%) - Avg. Basic/ Emp/ Month 3% Basic salary/ Employee/ Month)
Summary of membership Summary of membership
Average monthly salary (INR)- Assumption 15,927 Avg. monthly salary (INR): Basic 15,927 15,745
Average monthly salary (INR)- Actuals 15,745 Avg. No of employees 194 194
Number of employees- Assumption 194
Number of employees- Actuals 194
Average Past Service 3.4
Gratuity as per summary of membership 6.1
Gratuity provision taken 10.8
Total salary payable 71.8
Gratuity provision as a % of total expense 15.1%
Defined Benefit – Earned Leave
INR in million
SSC SSLC
Summary of key results as at year end
Projected benefit obligation 0.6 6.6
Fair value of Plan assets - -
Funded Status (0.6) (6.6)
Current liability (Amount due within one year) - -
Non current liability (Amount due over one year) - -
Net Asset/ (Liability) recognised in Balance Sheet
Present value of Defined Benefit Obligation 0.6 6.6
Fair Value of Plan Assets - -
Funded Status [Surplus/(Deficit)] (0.6) (6.6)
Unrecognised Past Service Costs - -
Net Asset/ (Liability) recognised in Balance Sheet (0.6) (6.6)
As per financial statements 0.6 6.6
Unreconciled difference - -
Components of Employer Expense
Current Service cost 0.2 1.8
Interest Cost 0.0 0.4
Past service cost - -
Expected Return on Plan Assets - -
Amortization of Prior Service Cost - -
Actuarial Losses/ Gain (0.0) (0.3)
Transfer In / Out - -
Curtailment Cost / (Credit) - -
Settlement Cost / (Credit) - -
Total employer expense recognized in P&L 0.2 1.9
As per financial statements (0.2) (1.9)
Unreconciled difference - -
Summary of membership
Number of employees 21 173
Average monthly salary (INR) 12,836 16,302
Average age (Years) 30.8 32.3
Average Past Service 3.2 3.6
Average Future Service (Years) 29.2 27.7
Key assumptions used
Valuation assumptions
Discount rate (%) 7.6% 7.6%
Expected return on plan assets (%) NA NA
Future salary increase (%) (Assumption) 10.0% 10.0%
Actual salary increase (%) - Basic Salary 39.4% 39.4%
Actual salary increase (%) - Avg. Basic/ Emp/ Mon 2.9% 2.9%
Mortality rate Indian Assured Indian Assured
Lives Mortality Lives Mortality
(2006-08) Ultimate (2006-08) Ultimate
Withdrawal rate 3% 3%
Retirement Age 60 Years 60 Years
FY19
Assumptio
Valuation assumptions FY19 Valuation assumptions Actual
n
Future salary increase (%) (Assumption) 10% Future salary increase (%) (Avg. 10% 3%
Actual salary increase (%) - Avg. Basic/ Emp/ Month 3% Basic salary/ Employee/ Month)
Summary of membership Summary of membership
Average monthly salary (INR)- Assumption 15,927 Avg. monthly salary (INR): Basic 15,927 15,745
Average monthly salary (INR)- Actuals 15,745 Avg. No of employees 194 194
Number of employees- Assumption 194
Number of employees- Actuals 194
Earned leave provision taken 7.2
Total salary payable 71.8
Earned leave provision as a % of total expense 10.0%