KRE,SFI FASFIIONS

PRTVATE LIMITE,D

FINANCI"AL STATEMENTS

FOR TIIE
FINANGI"AL YUNR 2O1 ?.T 8

AUDITOR
LKM & Co.
CHARTERED ACCOUNTANTS
 LKM & Co.
CHARTERED ACCOUNTANTS
Independent Auditor,s Report
To the Members of Kresh Fashions private Limited

I{eport on the Financial Statements

We have audited the accompanying tinancial statenrents of Kresh Fashions private l-inritcij.
(lrorr'erly known as Bada Saab Fashions Private Lirnited). ("the conrpany"). u,hich cornpriscs
thc
IJalance Sheet as at 3 l" March 20 | 8 and the Staternent ol'Profit ancl Loss fbr the vear.
cncleci ancl
a summary ofsignificant accoutting policies and other explanaton intirr.rnrtion.

Manag€ments Rcsponsibility for the financial stateme nts

'l'he Company's Board of

Directors is responsible for the nratters ir sectiorr lj.l(5) of th,;
Companies Act,20l3 ('the Act") with respect to the preparation olthese financial \tarsllcnr5 rlrrl
give a true and fair view of the financial position ancl Iinancial pcrformance ol lhc Cornpunr
i1
accordance with the accounting principles generally accepted in India, including the AccoLrniing
Standards specified under Section I3l ofthe Act, read rvith Rule 7 of the conrpanies (Accounts.r
l{ules' 2014. This responsibility also includes the rnaintenance of adequate accountins records irr
accordance with the provision of the Act for safeguarding of the assets of the Ct,rnpnrr,r un1 1i-rr
preventing and detecting the frauds and other irregLrlarities: selection ancl applicatio; gt
approprlate accounting policies; rnakingjudgnrents and estinratcs that arc reasolatrle- and pf1(ie1t:
and design, irnplementation and maintenance of internal lirrancial control. that \\cre opclrliqrr
effectively for ensLlring the accuiacy and completcness oflhc accoLrnting rccords. rclcralt lo rhe
preparatiotl and presentation of the Iinarrcial statemelts that givc I true a;cl t.iir vicq. and lre licc
flom material lnisstatement, whetlrer tlLre to fl.aud or error.

Auditors Responsibility

oLtr responsibility is to express an opinion on these financial statenrents based on our.aLrtlit. \\'c
havc taken. into account the provisions of thc Act, tl)e accounting and atrditing starclaf(ls and
nlattcrs whicll are required to be included in the aLrdit report under thc provisioni of tjrc Act irlrl
the Rules made there under.

We conducted our audit in accordance with the Standards on Auditing specified Lrrdcr scctiol
lzlS(10) ofthe Act. Those Standards require that we conrply rvith ethical requilcrnents ancl plap
altd perfonn the audit to obtain reasonable assurance about whether the financial statenrcnls afc
fiee front material lr isstatement.

An audit involves perfonning procedures to obtain audit evitlence aboLrt the arnourlt\ ln(l
disclosures in the financial statements. The procedures selected depencl on the auditor's irrdqrncnl.
including tlle assessment ofthe risks of rnaterial nrisstatenrent o1'tlrc llnrncirl .'rrrtcrrrcrrt.. .,rlrether
due to fiaud or error' [n making those risk assessments, the autlitor considers intcllal 1]na;ci:rl
corltrol relevant to the Cornpany's preparation ofthe financial staten]cnts tltat ei\e tr.trc arrd l:rir
view in order to design audit procedures that are appropriate in tlre crrctrnrstrnc-es. An as(lrt al\r,
includes evaluating the appropriateness ofaccounting policics used and the reasonablcness eft6c
accounting estimates rnade by companv's Di.ectors, as weil as evaluating thc .rer.ali
presentation of the financial statemenrs.

We believe that the audit evidence we lravc obtained is srrfficient ancl appropriate to proviclc rr
basis fbr our audit opinion on the financial statfiments.

II
w

Office No.: C-603, Avirahi, Prem Nagar, Shanti Garden, Mira Road (East), Mumbai, Thane - 401 107
[email protected]
0pinion
ln our opinion and to the best of our knowledge and according to the infbrrnatiorr and
explanations given to us, the said financial statements give the inforntation requircd br thc Act in
the mantrer so required and give a true and fair view in conformity r.vith the accounting principlcs
generally accepted in India.

a. In the case of the Balance Sheet, ofthe state ofaffairs ofthe Conrpanv as at Mar.ch ll.
201 8,

b. ln the of statement of Profit and l,oss- of the loss tbr the 1-car cndecl on
case thrl clarc
March 31,2018.

Report on other legal and regulatory requirements

L As required by the Companies (Audit Report) Order, 2016 (,rhe Order) issued by. rho
central Government of Ind ia in terms of sub-section ( I | ) of sect ion l4i of Act. rve sivc in
the Annexure a statement on the matters specified in the paragraph i & 4 of the or.tler. t0
the extent applicable.

2. As required by section 143(3) ofthe Act, we report thar:

a. We have sought and obtained all the information and explanations u,hich to thc
best ofour knowledge and belief were necessaryi for the purpose of'our aLrdit.

b. In our opinior, proper books ofaccounts as required by larv have becn kept lrv the
company so far as it appears frorn our erantination ofthosc books.

c. The Balance Sheet and Statement of Profit & Loss dealt with by this rcpoft arc in
agreement with the books of account.

o. In our opinion, the Balance Sheet and Statentent of profit & l_oss dealt rvith b1 rhis
report comply with the accoLrnting standards spccified rrnder section Il3 ol'rhe Acr.
read with Rule 7 of the Conrpanies (Accoulrts) llLrles. 2014.

on the basis of written representations received ll'onr the directors, we rcporl rl*r
none ofthe directors is disqualified as on 3 I't March 201 8. fronr being appointcd rs
a djrector in terms ofsection 164(2) ofthe Act.

With respect to the adeqLracy of the Internal flnancial Controt over Iil:rncial
Reporting of tlre cornparry and the operatilg efl'ectivcncss of srrch contr.ols r.clcr
to our separate report irr "Arrnexure A,'; and

g. with respect to the other nlatters irclrded in rhe ALrdit.r's ll.eport in .cc.rdlrcc
with rule I I of the Companies (ALrdit arrd ALrtlitors) IlLlles.20l1. arrd to otrr bcsl ol.
our information and according to the explanations given to us -
i. The Company has disclosed the pending litigations on its financial positiorr il
its financial statements as contingent Iiability. .

i. The Company ltas made pr.ovision, as reqrrired under the applicable larv or.
accounting standards, lor nraterial tbreseeable losscs, il' an). on long lcflt
contracts including derivativq corltracts to the flnancial Statenlcrlt.
"h
tl
N^
v-
 iii. There was no liability to\\,ards amount rcquired to be transferred. 1o thc
Investor Education and Protection FLrnd b1,the Compatry.
For LKM & Co.
Firm Registration Number - 126823W

Proprietor
Mernbership Number - 106989

Place :Thane
Date : 3'd September, 20 J 8
 Annexure - A to the Auditors' Report

Ileport on the lnternal Financial controls under Clausc (i) of Sub-section 3 of s€ction I.lJ
of the Companies Act, 2013 (.,the Act")

We have audited the internal financial controls over flnancial reporting of Kresh Fash ions Privarc
Lirnited, (Formerly know as Bada Saab Fashions private t-irnited). (,,the Conrpan1,..') as ol .i
March 2018 in conjunctiotr with our audit ofthc financial statenrcnts ofthe Conrparrr. tbr thc rcar
ended on that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for establishing and maintaining internal flrrancial
corltrols based on the internal control over financial reporting criteria establishcd bv thc Contpalt_r
considering the essential componeuts of internal control stated in the Guidance Notc orr ALrclit 6l'
Internal Financial Controls over Financial Reporling issLrecl bv the Institulc of Char.ler.crl
Accountants of India ('ICAI'). These responsibilities iuclucle the design, imp le rrre ntat iorr anrl
rnaintenance of adequate internal financial controls that were operating ef1'ectivell, tbr cnsLrrins
the orderly and efficient conduct of its business, including adherence to company's policies. thc
safeguarding of its assets, the prevention and detection of frauds and errors, the accLrracv arrr
completeness of the accounting records, and the tirneh, preparation of rcliablc ljnlncjrr
intbrrnation, as required under the Contpanies Act.20l3.

Auditors' Responsibility

Our responsibility is to express an opinion on the Compan.v's internal tlnancial corrtrols ovcr.
financial reporting based on our audit. Wc conductcd oLrr aLrciit in accordancc s ilh llrc Crriclancc
Note on Audit of lnternal Financial controls over Financial lle portirrg (thc "Guiclancc Notc") arrrl
thc Standards on Auditing, issued by ICAI and deenrcd to bc prcscribed under scction l,1l( l0) ol
the Companies Act, 2013, to tlte extent applicable to an audit ol'interrral financial controls. b6llr
applicable to an audit of Internal Financial Controls and, both issued by the hrstitute o1'Charter.ccl
Accountants of India. Those Standards and the cuidance Note require that lvc conrpll lirh
ethical requirements and plan and perform the aLrdit to obtain reasonablc assLrrance aboLrt u |ctlrcr.
adcquate internal financial controls over firrancial leporting rvas cstablishcd and nraintairrccl itnd il
such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit e',,idcnce about tlle aclecpracv ol thc
internal financial controls system over financial reporting and their operating efJtctiveness. Orrr.
audit of internal financial controls over financial repofting included obtaining an understanding ol
interrral flnarrcial controls over tinancial reporting. asscssing the risk thrt a nratcrial rrcakncss
exists, and testing and evaluating the design and operating cf-ltctilelcss of intcrnal coltt.ol bascrl
on thc assessed risk. The plocedures sclected depcnd on thc atrditor"s.jLrdgrtrcnt. irrcltrding thc
assessment of the risks of material nrisstatemcnt of the finaDcial state|llents. u,hethcr clLrc to liuutl
()r error.

we believe that the audit evidence we have obtained is sufficient and appropriate to providc ir
basis for our audit opinion on thq Cdmpany's interrral t'lDrne irrl controls svstcnr or,er llnancill
rsporling.
&
Meaning oflnternal Financial Controls over Financial Reporting

A company's internal financial control over financial reporting is a process dcsigneti to pior.iclc
reasonable assurance regarding the reliability of tlnancial feportirg and rhe pr.eparation ol
financial statements for external purposes in accordance rvith gencrally acccplcd accountill-l
principles. A company's intenral financial control over financial repolting inclLrties thosc policie.s
and procedures that (l) pertain to the maintenance oflecords that, in reasonable detail, accurarelr
and fairly reflect the transactions and dispositions of the assets of tlre conrpany; (2) proricle
reasonable assurance that transactions are recorded as necessary to perntit preparation of financial
statements in accordance with generally accepted accounting principlcs. and tlllt feceipts an(l
expenditures of the company are being made only in accordancc u'itlr authoristtiorrs 6l
management and directors of the company; and (3) providc rcasonable iissurancc rcgarciirrg
preventioll or timely detection of unauthorised acqLrisition. use. or disposition of the conrparr_r's
assets that could have a material effect on the fi|ancial staterlents.

Inherent Limitations oflnternal Financial Controls Ovcr Financial It€porting

Because of the inherent lirnitations of internal flnancial controls ovcr financial rcportinq.
including the possibility of collusiorr or irnproper rlanagerner)t overricle ol'conlr.ols. Inatcri;r
misstatements due to error or fraud may,occLrr and not be cletectc.d. Also. pr.ojectiors ol'rrn-r
evaluatiotl of the internal financial controls over firancial reporting to futlrt'e periods are sLrbjccL
to the risk that the internal financial control over flnancial repofting nray, beconte inadeqtrate
because ofchanges in conditions, or that the degree ofcornpliance r.r'ith tlre policics or proccrlurcs
may deteriorate.

Opinion
In our opinion, the company has, in all material respects, an adequate internal financial contr.ols
system over financial reporting and such internal financial controls over financial reporting rvcre
opsrating effectively as at 3l March 2018, based on the intcrnal control ovcr financial retorlinu
criteria established by the Company considering thc csscnfial contl)oncnts ,rt irrtclnul t,rntlol
stated in the Cuidance Note on Audit of Internal Financial Contlols Ovcr l:inancial llcporrint
issued by the Institute ofChartered Accountants of lrrdia.

For LKM & Co.

Firnr Registration Number - 126823W

Laxmikant Malpani r
Proprietor
Membership Nurnber - 106989

Place :Tlrane
Date : 3'd September, 2018
KRESH FASHIONS PRIVATE LIMITED
(Formerly known as Badasaab Fashions Private Limited)
CIN : U74994MHl 996PTC098724
Balance Sheet as at 3{st March, 2018 Amounts in {
Particulars I{otes MarchAsat 31,2018
Asat
March 31,2017
Equityllr{ Liirbilti{i : .:.:,i:.1i::..]i']:,ii'i',l::],:...,..:,X.},l,l.',:']..
Shareholde/s Funds
Share Capital 3 1,00,000 1,00,000
Reserves and Surplus 4 (4,09,32,072) (3.81,56,410)
(4,08,32,072) (3,80,56,4r0)

Non-Current Liabilities
Long Term Borrowings 2,99,75,000 2,99,75,000
Long-Term Provisions
2,99,75,000 2,99,75,000
Current liabilities
Short Term Borrowings 6 1 ,1 't ,47 ,57 7 1,10,44,404
Other Current Liabilities 7 30,19,294 21 ,83,726
1,41,66,871 1,32,28,130

Total

Fixed Assets
Tangible Assets 28,38,2-49 48,19,053
Intangible Assets
Long-Term Loans and Advances
28,38,249 48,19,053
Current Assets
lnventories
Trade Receivables 10 3,73,000 2,29,000
Cash and Bank Balances 11 98,549 98,667
4,71,549 3,27,667

33,09,799 51,46,721

Summary of Significant accounting policies

The accompanying notes are forming integral part of the
financial statements.

As per our report of even date

For LKM & Co. For and behalf Board of Directors of

Chartered Accountants Kresh

Proprietor
Membership Number - 106989
-{Kis
DIN:00002966
s.* Director
DIN:00002998

Place : Mumbai
Date : 3rd September, 2018
KRESH FASHIONS PRIVATE LIMITED
(Formerly known as Badasaab Fashions Private Limited)
: u74994MH1 996PT CO987 24
ot Profit and Loss tor the Year ended 31st March 2018
Amounts in {
Year ended Year ended
Particulars Note No' March 3t,2018 March 31,2017

lncomg
Revenue from Operations 1,44,000 2,29,000
lncome 13

otal revenue

ol Stock in Trade
14 5,8,1,149
)/Decrease in lnventories
Expenses 15

otal ExDenseg

before interest , tax , depreciation and amortization

1

and Amorlization Exps 8 19,80,804 19.80,804

Costs 16 8,99,250 9,08,747

before Tax

ax Expenses:
Tax
Deferred Tax
Previous Years Tax Adjustment
otal Tax Expenses

tor the year

per Equity Share:

25 (277.57] (327.71
(277.57) (327.71

of Significant Accounting Policies

Accompanying Notes are an Integral Part of the Financial Statements.

per our report of even date

LKM & co. For and on beh{f of the Bfrd of Directors of

-"ffi;J"':l**
Accountants

ffi"1':'Tim,, \
"(N*
{fffimi91lTl
Malpani)
:t\. /^-*// -- \J\l
'f?-{V (KishordBaiai) (Kintu Bi
__ti=:z
Proprietor Director
Membershio Number - 106989 DIN:00002966 DIN:

Place : Mumbai
: 3rd September, 2018
KRESH FASHIONS PRIVATE LIMITED
(Formerly known as Badasaab Fashions Private Limited)
CIN:U74994MH1 996PTC098724
Notes forming part of lhe Balance Sheet & Statement of Profit and Loss for the year ended 31st March, 2018

CorDorate information

Bada Saab Fashions Private Limited ("the Company") is a private company incorporated under the provisions of
the Companies Act, 1956. The Company is engaged in the business of trading of apparels. As of now company
operations are on hold.

Siqnificant Accountinq Policies

A. Basis of PreDaration of Financial Statements

These financial statements are prepared in accordance with Indian Generally Accepted Accounting Principles
(GAAP) under the historical cost convention on the accrual basis except for certain financial instruments which
are measured at fair values. GAAP comprises mandatory accounting standards as prescribed under Section 133
of the Companies Act, 2013 ('Act') read with Rule 7 of the Companies (Accounts) Rules, 2014, Accounting
policies have been consistently applied except where a newly issued accounting standard is initially adopted or a
revision to an existing accounting standard requires a change in the accounting policy hitherlo in use.

B. Use of Estimates
The preparation of the financial statements in conformity with generally accepted accounting principles requires
management to make estimates and assumptions that affect the reported amounts of assets and liabilities,
disclosure of contingent liabilities as at the date of financial statements and the reported amounts of revenues
and expenses during the reporting year. Key estimates include estimate of useful lives of fixed assets, income
taxes and future obligations under employee retirement benefit plans. Although these estimates are based upon
management's knowledge of current events and actions, actual results could differ from those estimates.
Any revisions to accounting estimates are recognized prospectively in the current and future periods.

C. Fixed Assets
Fixed assets are stated at cost, less accumulated depreciation and impairment losses if any. The cost comprises
the purchase price and any attributable cost of bringing the asset to its working condition for its intended use.
Advances paid towards the acquisition of fixed assets outstanding at each Balance Sheet date and the cost of
fixed assets nol ready for their intended use before such date are disclosed under Capital Advances and Capital
Work in Progress respectively.

D, Deoreciation
Pursuant to the enactment of Companies Acl 2013, lhe company has applied the estimated useful lives as
specified in Schedule ll, as disclosed in Accounting Policy on Depreciation, Amortisation and Depletion.
Accordingly the unamortised carrying value is being depreciated / amortised over the revised/ remaining useful
lives. Depreciation is charged on SLl.4 Basis.

E. Revenue Recognition
Revenue is recognized to the extent that is probable that the economic benefits will flow to the enterprise and the
revenue can be reliably measured. Rent Income is recognized on accrual basis.

F. Expenditure
Expenses are accounted for on accrual basis and provision is made for all known losses and liabilities.

G. Provision for Current and Deferred Tax

Provision for current tax is made after taking into consideration benefits admissible under the provisions of the
Income{ax Act, 196'1. Deferred tax resulting from "taming difference" between taxable and accounting income is
accounted for using the tax rates and laws that are enacted or substantively enacted as on the balance sheet
date. Deferred tax asset is recognized and carried foMard only to the extent that there is a virtual certainty that
the asset will be realized in future.
KRESH FASHIONS PRIVATE LIMITED
(Formerly known as Badasaab Fashions Private Limited)
CIN:U74994MH1996PTC098724
Notes forming pa.t ot the Balance Sheet & Statement of Profit and Loss for the year ended 3lst March, 2018

H. Provisions, Contingent Liabilities and Contingent Assets

provisions involving substantial degree of estimation in measurement are recognized when there is a present
obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent
Liabilities are not recognized but are disclosed in the notes. Contingent Assets are neither recognized nor
disctosed in the financial statements.

l. Earning per Share (EPS)

"Earning per Share (EPS)" is calcutated by dividing the Net Profit attributable to Equity Shareholders by the
Weighted Average Number of Equity Shares outstanding during the Period in complying with "Accounting
Standard - 20".

J. Investments
lnvestments are valued at cost.

K. Cash and Cash Equivalents

Cash and Cash Equivalents include cash in hand, current bank accounts and Fixed Deposits with Banks.

Amounts in {
Reserves and surplus March 31, 2018 March 31,2017
Profit and Loss Account
Opening (3,81,56,409) (3,48,79,310)

Add : Profit / (Loss) During the Year (27,75,663) (32,77,099)

Closing Balance {4,09,32,0721 (3,81,56,409)

Long Term Borrowings March 31.2018 March 31,2017

Unsecured
Debentures 2,99,75,000 2,99,75,000
29,975 3% Compulsarily Convertible Debentures of {
1000 each
The debentures shall be converted into Equity Shares on
24th l\4arch, 2019 at a ratio and price to be determined at
the time of conversion based on fair value of shares as on
such date
2,99,75,000 2,99,75,000

Short Term Borrowings March 31.2018 March 31,2017

Unsecured
Loans and advances from related parties 1 ,'11 ,47 ,577 1,12,89,404
1,11,47,577 1,12,89,404

The above amount includes

- From Directors 1,11,47 ,577 1 ,10,44,404
- From Others
1,11,47,577 1,'10,44,404
KRESH FASHIONS PRIVATE LIMITEO
(Formerly known as Badasaab Fashions Private Limited)
CIN:U74994MH1 996PTC098724
Notes fotming part of the Balance Sheet & Statement of Profit and Loss for the year ended 31st March, 20'18

Other Current Liabilities March 31,2018 March 31, 2017

Creditors for Expenses 4,88,090 4,61,847
Interest Payable on Debentures 24,41,279 16,31,954
Statutory Dues 89,925 aq o?4

30,19,294 21,83,726

Long Term Loans and Advances March 31,2018 March 31,2017

Unsecured, considered good
Advance Tax Paid
Less: Provisions

10 Trade Receivable March 3'1,2018 March 31,2017

Outstanding for more than six Months
Others 3,73,000 2,29,000
3,73,000 2,29,000

'l'l Cash and Bank Balances March 31,2018 March 31,2017

Balances with banks
On Current Accounts 98,549 98,667

98,549 98,667

12 Revenue from Operations March 31,2018 March 31,2017

Sale of Product / services 1,44,000 2,29,000
I,44,000 2,29,000

13 Other lncome March 3l, 2018 Ma(ch 31, 2017

Miscellaneous Income

14 (lncrease) / Decrease in Inventories of Stock in Trade March 31, 2018 March 31,2017
Inventory at the beginning of the year 5,81,149
Less: Inventory at the end of the year

5,81,149
KRESH FASHIONS PRIVATE LIMITED
(Formerly known as Badasaab Fashions Private Limited)
CIN:U74994MH1996PTC098724
Notes forming part of the Balance Sheet & Statement of Profit and Loss for the year ended 31st March, 2018

.t5 Other Expenses March 31, 2018 March 31, 2017

Auditor's Remuneration 17,700 17,250
Professional Charges 11 ,000 18,149

Bank Charges 118

Interest on late pay TDS 10,791

ROC Charges
39,609 3s,399

16 Finance costs March 31, 2018 March 31, 2017

Interest on Debentures 8,99,250 8,99,250

lnterest on Taxes 9,382

Bank Charges 1 '15

8,99,2s0 9,O8,747

17 ln the opinion of the Management, the current assets, loans and advances are not less than the value stated if
realized in the ordinary course of business

t8 Sundry Creditors, Loans and Advances, payables and deposits or receivables are subject to confirmations.

t9 There are no Micro and small Enterprises, to whom the company owes dues, which are outstanding for more than
45 days as at 31st March, 2018. This information as required to be disclosed under Micro, Small and Medium
Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the
basis of the information available with the Comoanv.

20 l\4iscellaneous expenditure is charged to the statement of profit and loss as and when it is incurred.

21 Additional information pursuant to the schedule lll of the companies Act, 2013 :-

Expenditures in Foreign Currency Nil

Income in Foreign Currency Nil

22 Difference on accounl of depreciation is a permanent difference because depreciable asset does not qualify for
depreciation under the Income Tax Act , 1961 though these assets are generating revenue under "lncome from
House Property". Hence Deferred Tax Asset / Liability has not been created.

Amounts in {
23 Calculation of Earning Per Share (EPS) : March 31, 2018 March 31,2017
Profit for the Year (27,7s,663) (32,77,099)
Weighted average number of Equity Shares outstanding
10,000 10,000
during the year
Face Value per Equity Share '10 10

Basic & Diluted EPS (277 .57) (327 .71]'

KRESH FASHIONS PRIVATE LIMITED
(Formerly known as Badasaab Fashions Private Limited)
CIN:U74994MH1 996PTC098724
Notes forming part of the Balance sheet & statement ot Profit and Loss for the year ended 31st March' 20'18

Payments to Auditors: March 31,2018 March 31,2017

As Auditors 17,700 17 ,250

Total 17,700 17,250

Previous Year Figures

The previous year figures have also been regrouped & reclassified to confirm to this year's classification.
KRESH FASHIONS PRIVATE LIMITED
Private Limited)
tiormerty known as Badasaab Fashions
CIN : U74994MH1 996PTC098724
Statement of Profit and Loss for the Year
ended 31st March' 2018
Notes forming part of the Balance Sheet &

Note 3 - Share capital Amounts in t

As at 31 March 2012

Equity Shares ol Rs. 10 each

Shares of Rs. 10 each

at the end of the reporting period

a. Reconciliation of shares outstanding at the beginning and

As at 31 March 2018 As at 3l March 2017

Sn-iEJutstanOing at the beginning of the year

:Shares lssued during the
Shares outstanding at the end of the

b. Terms/rights attached to equity shares

{ 10 per share Each holderofequity shares is
The company has only one class of equity shares having a par value of
entitled to one vote Per snare.

c. Shares held by holding/ultimate holding company and/or their subsidiaries/associates

Company does not have any Subsidiary or Holding Company'

d.Aggregatenumberofbonussharesissued,shareissuedforconsiderationotherthancashandsharesbought
No shares have issued either in bonus or consideration other than cash and no buy back
of shares took place in the last

e. Details of shareholders holding more than 5% of share capital

As at 31 March 2018 As at 31 March 2017

Name of Shareholder No. of No. of
% of Holding % of Holding
Shares held Shares held
5,000 50% 5,000 50%
Kishore Bajaj
s,000 500/0 5,000 50%
Kintu Baiai
 KRESH FASHIONS PRIVATE LIMITEO

{Formerty known as Badasaab Fashions Privale Llmited)

CIN:U74994MH1996PTC098724

Notes formlng part ot the Balance sheet & sGtement of Profit and Loss for lhe v€ar end€d 31st March' 2018

- FIXED ASSETS & DEPRECIAIION

KRESH FASHIONS PRIVATE LIMITED
(Formerly known as Badasaab Fashions Private Limited)
clN:U74994MH'l 996PTC098724
Notes forming part of the Balance sheet & statement of Protit and Loss for
the year ended 31st March, 2018

Related Party Disclosures :

a) Names of related parlies and description of relationship

(i) Key Management Personnel (KMP)
Mr. Kishore Bajaj
Mrs. Kintu Bajaj

(ii) companies in which key management personnel or their relatives have significant
influence (Others)
BadaSaab Designs Plivate Limited
Kresha Bajaj
N{ustang Properties Private Limited

b) The transactions with related parties for the year are as follows:
Amounts in {
Key Management Personnel Others
Particulars March 31,2017 March 31,2018 March 31,2017
March 31,2018

Rent Recerved 1,44,000 1.44,000

lorerest on I)ebentures 8,99,250 8,99,250

Sales 85,000

Unsecured loan taken duting the yeat 1,03, t73 99,307

Unsecured loan Given,/Prd during rhe lear

c) Batances at the year end :

Amounts in ?
Key Management Personnel Others
Particulars March 3'1,2017 March 3'l,2018 March 31,2017
March 31,2018

Loan Taken 1 ,11 ,47 ,577 1 ,12,89,404

3,73,000 2,29,000
Debto$
2,45,000 2,45,000
Credrtors

Debentures 2,99,75,000 2,99,75,000

24,41 ,279 '16,31,954

lnterest Payable