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DIAMOND FOOTCARE UDYOG PRIVATE LIMITED

34'n ANNUAL REPoRT

20LL-20L2
cEfrTlt{f;* TRtJI f cpv
Udyog Pvt' Ltd'
F0r Diam0nd F0otcare

s--_-','-A

r.-*.- V
Birector

DIAMOND FOOTCARE UDYOG PRIVATE LIMITED

8.40, MAYAPURI INDUSTRIAL AREA PHASE-I, NEW DELHI-110064
Tel:+91-11.-45125100-99 FAX:+91-11-28114858
E-mail: info@diamondfootwear.in
Website: www.dia mondfootwea r. in

MOHIT PAREKH & CO.

AUDITOR,S REPORT
TO
THE MEMBERS OF

DIAMOND FOOTCARE UDYOG PRIVATE TIMITED

NEW DETHI

We have audited the attached Balance Sheet of DIAMoND FOOTCARE UDYOG PRIVATE LIMITED,
Registered Office at B-40, Mayapuri lndustrial Area, Phase-|, New Delhi -110064 as at March 31,2012
and Statement of Profit & Loss and Cash Flow Statement along with the Notes for the year ended on that

date annexed thereto. These financial staternents are the responsibility of the Company's management.
Our responsibility is ta express an opinion on these financial statements based on our audit,

We conducted our audit in accordance with auditing standards Senera ly accepted in lndia. Those
Standards require that we plan and perform the audit to obtain reasonable assLrrance about whether the
financial statements are free of material misstatement. An EUdit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financiaJ staternents. An audit also inciudes
assessing

the accounting principles used and significant estimates made by management, as well

as

evaluating the overall financial statement presentation. We beJieve that our audit provides a reasonable
basis

for our opinion and we repoTt as underl

As required by

the companies (Auditor's Report) Order, 2003 issued by the Central Government of lndia in

terms of sub-section i4A) of section 227 of the companies Act, 1956. We enclose in the Annexure
statement on the matters specified in paragraphs 4 and 5 of the said Order.
Furtherto our comments in the Annexure referred to above, we report

{i)

that'

We have obtained all the information and explanations which, to the best of our knowledge

ancl

belief, were necessary for the purposes of our audit;

{ii)

ln our opinion, proper books of account, as required by law, have been kept by the cornpany so far as
appears from our examination of these books;

{iii) The

Balance Sheet and Statement

of Profit &

Loss

and Cash Flow Statement along with the Notes

dealt with by this report are in agreement with the books of account;

(iv) ln our opinion, the

Balance Sheet and Statement of Profit & Loss and Cash Flcw Statement with the

Notes dealt with by thjs report comply with the accounting standards referred

to in sub-section

(3c)

of Section 211 of the Companies Act, 1956;

Directsr

MOHIT PAREKII & CO,

(u)

On the llasis of written representations received from the Directors as on March 31,2012 and taken

on record by the Board of Directors, we report that none of the Directors is disqualified as on March
31, 2012 from being appointed as a Director in terms of Section 274 (1) ig) of the corripanies Act,
1956;

(ui) ln our opinion, and

to the best of our information and according to the explanations given to us, the

said accounts, give the information required by the Companies Act, 1956 in the manner so required
and give a true and fair view in conformity with the accounting principles generallV accepted in lndia:

the case of the Balance Sheet, of the state of affairs of the Company as at March 31,,2072,

a)

in

b)

in the case of Statement of Profit & Loss, of the profit of the company for the year ended on

that date and

c)

in

the case of the Cash Flow Statement, of the cash f ows for the year ended on that date,

For Mohit Pa.ekh & Co.

Chartered Accountants
Firm Regn. No.002057N

Membership No. 81059

EERIIFIFfi iRLlr COPr

Place: New Delhi
Utlyog
For Diam0nd Footcare

Pvt Lld'

!-^".I r"-*.-$

Date: september 27'h, 2012

Director

Office:572,2"d Floot, Gandhi Cloth Market, Chandni Chowk, Delhi-110006

PH {0):91-11'239'18093, 23958433, (R): 27014626, Fax: 9'1-11.23911496

Email: mohitparekhca@gmail.com

MOHIT PAREKH & CO.

ICN
Annexure to the Audit RePort

Re: DIAMOND FOOTCARE UDYOG PRIVATE LIMITED

Referred to in paragraph 3 of our report of even date,
(a) The Company is maintaining proper records showing

full particulars, including quantitative details

and s'tuation of fixed assets.

(b) All the assets have been physically verified by the management dLrring the year at regular
intervals, which, in our opinion, is reasonable having regard to the size of the company and the
nature of its assets. No material discrepancies were noticed on such verification

(c) DurinB the year, the Company has not disposed off any or s!bstantial pad of the plant and
machinery or any other fixed assets. Hence the going concern status of the Cornpany is not affected.
,

(a) The inventory has been physically verified during the year by

the management ln our opinion, the

frequency of verification is reasonable.

(b) ln our opinion and according to the information and explanations Siven to us, the procedures of
physical verification of inventories followed by the management are reasonable and adequate in
relatign to the s;7e of 1l'e company and

tle

nal L.e

o' irs business

to us, there was no

of inventories as compared to the book

(c) The company has maintained proper records of inventories As explained

material discrepancies noticed on physical verification

records.

t.

(a) The company has obtained loans, secured or unsecured from the Companies, firn'rs or othe.
parties listed in the register maintained undersection 301 oftheCompaniesAct, 1956 1nouropinion,
the rate of ir]terest and other terrns and conditions on which loans have been from the companies,

firm or other parties covered in the register maintained under section 301 of the companies

Act,

1956, are prima facie not prejudicial to the interest of the Company

{b) The Company has not granted any loans, secured or unsecured to companies, firms or other
parties listed in the register maintained under section 301 of the,companie5 Act, 1956.

c
CERTIFIED TF.UE COFY

t,,t,i=:,/
1\'

, . ',,'r\bffice:

l,l

",_*1..,1.

,,rH

;'

sz2,2d rloor, GandhiCloth Market, Chandni Chowk,

(o):ei.11.23e'1_8093, 23e58433, {R): 27014020, Fax:

Emaii: mohitparekhca@smail

Delh i'1 10006

st-tt

com

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Pvt.iti

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MOHIT PAREKH & CO.

-,,

Iv.

ln our opinion and according to the inforrnation and explanations given to us, there exists

an

adequate internal control system commensurate with the size of the Company and the nature of its
business, with regard to purchase of inventory, fixed assets and with re8ard to the sale of goods and
services, During the course of our audit, we have not observed any continuing failure to correct major
weaknesses jn internal control system of the Company.

v.

(a) ln our opinion and according to the information and explanations given to us, the transactions
made in pursuance of contracts or arrangements, that needed to be entered into in the register
maintained u/s 301 of the Companies Act, 1956 have been so entered.

{b) tn our opinion and according to the information and explanations gh/en to us, the transactions
rnade in pursuance of contracts or arrangements entered in the register maintained under

section 301 of the

Companies Act, 1955 and exceeding the value

of

Rs. Five Lacs

in respect of any

party during the year have been made at prices which are reasonable having regard

to

prevailing

market price at relevant time.

In our opinion and accordjng to the lnformatjon and explanations Siven

to

us, the Company has not

accepted any deposits from public under the provisions of sections 58A and 58AA and other relevant
provisions of the Cornpanies Act, 1956.

ln our opinion, the jnternal audit system of the Cornpany js commensurate with its size and nature of
its business.

1.

We have broadly reviewed the cost records maintained by the Company pursuant to the companies
{Cost Accounting Records) Rules,2011 prescribed by the Central Governinent under section 209{1){d)

of the Companies Act, 1956 and are of the opinion that prima facie the prescribed cost records have
been maintained. We have, however not made a detailed examination of the cost records with a vielv
to determine whether they are accurate or complete
(a) The Company is regular in depositing with appropriate authorities undisputed statutory dues
including provident lund, investor education fund, enrpJoyees' state insurance, income tax, sales tax,
wealth tax, service tax, custom duty, excise duty and other rnaterial statutory dues appLicable to it
(b) According to the information and explanations given

to

us,

no undisputed amounts payable

in

respect of the aforesaid dues were outstanding as at 31'1 March 2OI2 for a period of more than six
months from the date of becoming payable.

CERTIFIED TRUE NOPY

office: 572,2.d FIoor, Gandhi Cloth Market, ChandniChowk, Delhi'110006

pH (o):91.1'1.239'18093, 23958433, (R): 2701a626, Fax: 91.1f-&ryi!ft{&ftlF0l]tcare udy0g Pvt' Lld'

Email: mohitparekhca@gmail.com

K.--

*,"J-r.-o.- F
Direeto!

MOHIT PAREKH & CO.

(c)

Ihe particulars of dues of

Sales Tax, Income Tax, Excise Duty,

Wealth Tax, Service Tax, customs

Duty, and cess as at 3L't March 2012 which have not been deposited on account of a dispute are

as

follows:

sR. NO.

STATUTE

NATURE

NAME

DU ES

lncome

Tax

lncome Tax

OF

AMOUNT (T)

2,011/-

PERIOD TO FORUM
WHICH THE WHERE IHE
DISPUTE 15
AMOUNT
ENDI NG

RELATES

A.Y.2003-04

DCIT,

Circle

10(1),

New

A.t,7962

Delhi

Central

Sales

c.s.T.

43,597/-

VATO, W-105,

A.Y. 19gS-2000

New Delhi

TaX Act

Central

Sales

c.s.T.

97,942/-

D.C.V

A.Y. 2047-2002

Delh

Tax Act

lncome

Tax

lncome Tax

9,64,320/-

New

crr (A) , xfl,

A.Y.2003-04

New Delhi

Act, 1962

The company has no accumulated losses and has not jncurred any cash losses during the financial
year covered by our audit or in the immediately preceding financial year.
xt,

ln our opinion and according to the information and explanations given to us, the Company has not
defaulted in repayment of dues to financial institutions or banks,

tn our opinion the company has maintained adequate records where the company has glanted loans

and advances on the basis of security by way of pledge of shares, debentures and other securities.

t.

ln our opinion, the Company is not a chit fund or a Nidhi mutual benefit fund/society Therefore, the
provisions of clause 4(xiii) of the companies (Auditor's Report) Order, 2003 are not applicable to the
Company.
The company has maintained proper records oi the transactions and contracts in respect of dealing or

tradin8 in shares, securities, debentures and other investments and timely entries have been made
therein. All shares, securities, debentures and other investments have been held by the Company in
its own name.

t
OERIIFIEDTRljE l]flPY
Office: 572,2"d Floor, Gandhi Cloth Market, Chandni Chowk, Delhi''110006
PH (0):91.'1 1.23918093, 23958433, {R): 27014626, Fax: 91-'11'23911496

Email: mohitparekhca@gmail.com

rJriyog Pvt' Ltd'

For Diamond Footcare

tf.----,{..\.-.."^.,_

Director

MOI'IIT PAREKH & CO.

,*]
Accordiirg to ihe information proviclecl

to r:, ihe Company has not given guarantees for

loans taken

by others from banks or financial institutions,

ln our opinion, the te,'m loans have been applied for the purpose for which they were raised.

xvii,

According

to the information and explanations given lc us and or an overall examination of the

balance sheet of the Company, we are of the opinion that no funds raised on short-term basis have

been used for long-term investment and sinrilar{y no funCs raised on Long-Term basis that have been
Lrsed

xviii,
-

to finance Short-Term assets except core working capital.

During the year, the Company has rnade preferential allolment of 7,00,000 no. of shares to parLies
and colnpanies covered in the Register maintained under Section 301 cf the Companies Act, 1955.
The terms of issue are prirna facie not prejudicial to the interest of the Company.

According

to the lnformation and

explanations given

t.r

i.rs,

the Company has not issued any

debentures dLrring the year.

The cornpany l'ras not iaised any rnoney by way of public issue during the year.
A,:cording to the information and exp anations Siven

to

us, no fraud on or by the Company has been

noticed or reportecj cjuring the course of audit.

For Mohit Parekh & Co.

Chartered Accountants
lCAl Firm Resn. No. 002067N

Mohit A. Parekh
Proprietor

CERTIFIED

TlitJI

COPY

Membership No.81069

R--^,-"tr.,..-8
Place: New Delhi

Date: septernber27th,2o12

office: 572,2.d Floor, Gandhi Cloth Market, ChandniChowk, Delhi-110006

PH (O):91"11-23918093, 23958433, {R): 270'14626, Fax: 91'11'23911496

Emaili mohitparekhca@gmail.com

DIAMOND FOOTCARE UDYOG PRIVATE LIMITED

Registered Offlce: B-40, MayapuriindustrialArea, Phase-|, New pelhi - 110064

Balance sheet as at 31st March 2012

7a,47,22,655
15,00,00,000
3,47,22,655

(1)
Share capital
Reserves and surplus

,131

8,0r1,00,000

2,6),47,LJ1

6,00,00,000

10,97,00,t)00

Non-current liabilities
Long-term borrowings
Deferred tax liabilities (net)
Long-term provisions

!6,07,37,567

70,4r1 ,55 ,273

,60,48,531
95,45,376
51,43,560

9,49,05,45.1

Current liabilities
5hort-term borrowings

53,28,13,011
30,52,30,3s0
11,93,30,550
10,09,16,500
73,35,610

31,0rJ,78,535

43,76,37,620

29 ,49 ,39

28,66 ,94

15,00,45,653

l2l

share Application money pending Allotment

(3)

(4)

70,60 ,47

14

Trade payables

other current liabilities

Shon-term provi5ions

31r,94,380

5(;,55,4-at

77

,3fi,99,6-39

9,35,08,630
3,84,84,657
41,85,6r.0

A55ET5

(s)
10

12(b)

,42,504
3,45,000

14,11 t5,144
2 50,0cc

13

34,64,O70

32 2B,070

12(a

Long-term loans and advances

Other non-current assets
{6)

7,57,062

11

lntangible assets
capital work-in-progress
lntangible assets under cievelopmeni

,988

,467

14 ,03

L4

Current assets
lnventories
15

0ther current assets

L4

33 ,S? ,41,47 2

26,06,44 ,066

77

,60 86,4'11
13,57 19,224

16,30,36,397
1,34,98,388
6,00,57,539
87,99,222

74

cash and cash equivalents

Short-term loans and advances

50,60,35,612

13

1,4412,429
82 iL,L80
41.92,408

TOTAL

5ummary of s;Bnificant accounting policies

Notes to the financial statements
The accompanVing notes are an integral part of the

lstatements,

As per

gur report of even date

tor Mohit Parekh & co.

Charterd Accountants
Firm registration,ilrymber: OO2067N

tD--

7&2
3to35

e[RTlilfi!j
F'rr

TRIIF {',34'r

Dianlnil Fr0li,iu irri;og

rvt

tor and on behalf of the board of dif:.t.rrs

L:'u

a^*.[r<-*'--sr
\rs-qi\q(-

,'.r

t1.-'. -:i
N'loh

i A. P.rekh

\etri*-:::,

r.

iO;rectorj
DtN

' 00047671

:,!-.ti

nrme5h 1,,

-'-italat Girptr

Propr etcr

l!1en]iership no.: 81069

>

-i.

lilll .,

DIAMOND FOOTCARE UDYOG PRiVATE LIMITED

Reglstred Offlce:

40, Mayapuri lndustrialAree, Phase-|,

llew Dolhi _ 1i0064

Statement of profit and loss for the year ended 31st March 2012
Maril. i{):, !
ili
---------i

11r

Particulars
Continuing operations

lcome

I.

Revenue froor rrperations (gross)

Less; excise

duty

Revenue frorn operations (net)

l1
Ill
lV

Other incorne
Total revenue - (l)

,26 ,61 ,14

Iri-ill ,',4
,r r,Q r..

,329

38.97,939
1",26,24,72,390
75,44,122

76,2{J,r}6,31

:,

"J.,26,43

J6,29,64, t2

,6D,573

Expenses
Cost of raw

\5,\i,.,:\ !)'

41,89 ,17 ,1't 6

rialerial and conlponents consurred

Prrrchase of traded goods

(lncrease)/ decrease in inventories of finished
goods,work-in-proBress and traded goods
Employee benefits expense
Other expenses
Prior period expenses/iincome) (net)
Total expenses - {ll)
Earnings before interest, tax, depreciatlon and

,28,60,681

-1,:16,0:i,iit,

i7,a8,86,436J

{:12,o5,0!,.::,

53

1.4,99

!,r-19, ,'rl,,J ,'-l

16

l,!,1,ai/

,"1:

?1,33,71

,itr,l

,i9 ,77 5
,44,7 6,156

{55,167)
7,L9,72,24,985

\,95,84.i!L,1

7,37,35,s28

amortiration (EBITDA) (l)- {ll)

Depreciation and amortization expense

7,87,42,r00

il0,4l L il

Finance costs

3,99,52,245

;,,\)",1, :')

Profit/{loss) t}efore exceptional items & tax

Exceptional items
Loss on 5ale of asset (net)
Profit/{lo5s} before tax

7,44,4r,783

.t",24\,9i,,6i);

1.,:i t:i

1,94,7 79

2t, ,i6 t

6L,74,939
31,50,000

lt,Et::.
(26,3s,s9s)

MAT credit entitiements

Deferred tax

56,50,996

Profit/(loss) for the year

Earnlngs per equity share [nominal value of share
10 (31 March 2011: { 10)
Basic & diluted (in t)

40,75,525

93,81i-96.

Summary of siSnificant accountinB policies

lNotes to the financial staternents
The accompanying notes are an integral part of the
financial statements.

As per our

For and on behalf of the board ,i! ciirr.jct,rrs

report gf even date

For Mohit Parekh & co.

Chartered Accountants
Firm registration nuryrber: 002067N

--t.yruc^[- r:,,,
Rajat Gupta

tf lTiriIir T|iiJE n

Proprietor
Membership no.i 81069

Place:
Date:

Delhi

September 27th 2012

r,42,46,464

Tax expenses
Current tax
lncome Taxes of earlier Years

ior

[) ;,:ri rri

,l[ 'ii !ut!!

i]vl

Lid'

Direeter

Ramesh

' ii,

lirinar i;Lpr:

IDirector]

[1in:rrr

iilu

" 00i14

t'

i
r:

DIAMOND FOOTCARE UDYOG PRIVATE L!MITED

Reglsterd Officej s-40, Mayapuri lndunriaiare3, Phase_1, New Delhi'110064

CASH FIOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2012

Flowfrom opera ting activitles

(loss) before tax

7,42,46,464

Depreclation and amortizalion expense

1,41,42,704

proflt/

Loss

7,94,719

on sale ofasset {net)

lnterest Expense
Oper.tlng profit beforc working capital .hangs

for:
ln lnventories
)/Decrease in Trdde Receivable
(lncrease )/Decrease in loans & advances
(12,7 4,?3Al
2,58,21,910
6,2437,444

(lncrease )/Decrease in other a5sets

(Dec.e!5e)/lncrease ln trade payables
(Decrease)/lncrcasc ln other current liabilities
)/ ncrease ln Provision for Expenses

geneiated from Oprations

DlrectTaxes Piid durlng the year
Net cash tlowfrom

{used in) operating actjvities

Flow from lnvesting Activities

(1s,58,86,8811

Purchase of tangible assets

. (8,s0,841)

of intangrble assets
Additions to capitai work in progress
Additions to intangible assets under developmnt
Proceeds from dlsposal of flxed assets
Cash Flow lnvesting

74,33,244
(9s,000)

400,s04

Artivitles

Flow from Fina ncing Activities

l5sue qf equity shares

Repayment of share application money

/ (Repayment of Borrowings {net)

Proceeds

lnterest paid
cash Flow f rom Flnancing Activitles

Net Cash Flow during the year

1,O4,12,629

cash and aa3h gquivalents

1,34,98,388

cash and cash eq,i iva le n ts

cash and cash Equivalents comprises of:

on hand

4,44,677

Forex in hand

16,7-11

Cheques on hand
Balance with schedule Banks in Current Accounts
Balance w th Schedule Eanks ln Fixed Deposits Accounts

1,26,31,A44

For and on

As per our

repon of even date

For Mohit Parekh & Co.

behalfotthe board ofdirectors

Chartered Acaountants

MohitA. Parekh
Prop.

Membetship no.: 81069

Placer

Date:

Delhi
September 27th 2012

{-----1,1*r-,-,IG

RT!1.I8} TR|JF

Ramesh Xumar Gt'pta

:'t'uu;'1tvt L:ti'
Foi Dianrnd Lol'

*"'Yt

t'*'-

6..t

Direetor

IDirector]

IDirectorl

L.,,MOI{D FOOTCARE UDYOG PRIVATE IIMITED

Regittered Offl.E: B4O, Mayapuri tndust.iat Aren, Ithare,t, New Doltli - 110064

Notes to

3.

staterients for the yenr {nded on 31st March 2012

Shere capltal

31Ma.ch 2012

A.

Authorized shares
15,00,000 (P.Yr 15,00,000)equity shares of

3L March ?011

100/_ each

150,C00,000

3i,000.00u

150,000,000

80,000,000

B.

Isrued, 3t bscrlbed and futly paid-up shars

15,00,000 (P.y. 8,00,000) equir/ sharej of ? 100/ each
TotaIIssued, subscribed end fully paid_up share capital

150.C00,000

D. Reconclliation otth rhares outstadding at the beginning and at the nd of the reporting pertod
Eqltyshares

No.
At dre beginning of the period
lr!ued during the period, Bonus issue
lssud during rhe pertod Esop

3l March 2012
Amount

800,000

700,000
1,500,000

Allotment
Outstanding at the end of the period

3l

March 2011

Arnount

80,000,000

499,500

70,000.000

300.500
800.000

150.000.0do

49,950,00C

E. Terms/rightJ attached to equity shares

The company has only one claes ofeq!itv shares having a parvalue of
recelve per sfiare dividend declared bv lhe companv. ln the event of

* 100 pershare. Each holderofequity shares is entittd to onevote pershare with a r ghr to
liquidation ofthe company, the hotders of equity shaies wilt be entitted to receive
remrtning

a55ttofthecompanv. r'he distribution wil be in proportion ro the numberofequity shares

held bvthesharEhordeis.

F.

Dta

il! of

sha reholde rs hotding more

than 5%shares in the companv

3l March 2012
Equity shares of

100 ach

fuly

pairJ

Sl March 201l

holdirs tn the

1,47O,OOO

Ramesh (umnr Gupta

Ramesh Kumar Gjrpta & Sons (HUFJ
Rajat Gupta

79&300

100,000

6.67%

12A,0AA

8.00%

1,474
73,850

310,000

20.67%

123,080

120,000

8.40%
14.33%

64,500
116,900

2[,AA0

Dblly Gupta

95,000

6.33%

Rajat 6upta & Sons lHUF)

Harsh Gupta

100,000
27A,000

6.61%

Harsh Gupia & Sons (HUF)

100,000

5hrltiGLrpta

_-

75,OOO

75,000
113,500

14.O4%

6.67%

75.000

--._______&q490, _--______j.67%,

A5 pr records of the company, including its register ofshareholders/rnembers

above sharehoidin8 represents both tegal;nd beneiicialownershiDs ofsha.es.

____-25!!0

and other declararions received from sha.hoJdrs regarding

beneficiat intrst, the

Resetues and surplus

3L

Surplus/(defirltlln the sratement of profit and

Ealance ar per last financial statements
rofit/(Joss) for rhe ya I

Less: Approprjarions
ro

3l

toss

Totql app

|larch 2012

March 2011

26,447,l3A

16,6iia.!7a

8,075,525

9,386 961

prlations

Net surplus ln the statement ofprofjt and loss

Total re5erves and surplus

4(a).

Shara Applicdtion Money

CERTIFIEil T'IUE

:.ggrsr-

C0PY

---!qnna,.o'F0r

Dianl ltd F0t lt.

utr; t 1 PvIJLti'

t-- o-t*L\t--'-'- bDireetgr

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fir.i.

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iio.

L..,MOND FOOTCARE UDYOG PRIVATE LIMITED

OftlceiB-40, May.puri rndustrtalAra, phaset, New oethi - 110064

Notes to financial statements for the year ended on 31st March 2012
borrowings

3l
ln.ir.'n rupee loans frorr

haik,

Non.currei,tt portion
March 2012
3l March 2011

3l

Gecurcd)

March 2012

1l\,467,342

a9,622,6!1

29,100,000

2,085,289

5,282,813

4,609,311

Orher l.ans and advances

Finirnce lease obligarion G.ur-"d)
nlated PinV (U.re.!'ed)
Other pdrtic5, (unscured)

3,902,000
5,000,000
146,048,637

The above arnount includs

Secrrd bo.rowins!

....

94,905n54

131,146,63t

llnap.' 'Fn h"-^",i"".

jilor,3lr

94,905,451

,u,:r_stt-

33,709,311

8,902,000

Arnount disclosed underthe head

"other cuftent liabilitjes" (nore 9)

146,048,637
lidian rupee loans from bank have three constttuenrs s/hich carry interest rate @ 15% p.a.

as on

94,905,454

repo,ling date.

r0lL{6.13.30t./d/-j,..nrepo-tingd p" o s D,,nd r'y s""ur.o d6c nrr eaJ:rab.e nongsE- of,a.ro-y id o&ourtdrB.ndhypotn-ca.ionor,r,.nr6.
situated at Eahadlrgarh in th nanre ofthe cornpany.lthasa 2,a8,527/ (P.Y. NtL)as interestoverdle as on repodin8
date.

.r
i
I

20r1I4,28,19,851,/_)as on repoding date and ls prjmarily

ttLratd.tqahddlrgarhinthenameofthecompany

secu red again5t

lthast1,48,599/

eq!iiabl rnongage offactory lana a Uuifaing ana hyporh".r,,""

jnteresroverdue as on reporting

dat.

(P.Y. NtL)as

"t ",""r'n

"".,

,,."1
]

7,5o'ao,ala/' TL'3 is repavable in 83 nlonthly instalnients of 19,00,000/, (84rh Rs.300,000) staftd trom o.t-2011.
ti has o/s batdnce
. ,, =l
'96,oa'alo/' (31
2011 t 181154s/) as on repo.tlnr date and is primarily securad asainst equitabte rnorrsase
of factory tand"Fe*s"t
i- nr't1,"
^larchmachine.v situated at Eahadurgarh inthe nanle ofthecompany.
hypothecation ofplaft&
lrh:st3,29,775l-{p-y.NtL)astnreresto""rrr.:r";,";;;;-','j""0]
The above fdcilliies have colleterrlsecurity ofequitable mortgage ofproperries in the name of dnectors?
company or iis sister concnerns

cross collateralisatlon of Ettnsion of EQM of Factory land & blril.lins at Plots no. 346 & :47 sector-17.
Bahadurgartr tn the
,
conrapnv and Land & Buildlng :t B 40 MavapLrri, New Delhl in th name of the company. Dtredor sh. Ramesh (umar
GLipta and h'.
gua'anrcPs :ga.n\r rr"doove fac,1i"s.

rurtlerse,urrr.-,,

,*,"; .;";;,, ,l;;i.

""r"
"f n"""
,"'"t'"",
r,"." ,.r.",," i

b.

Flnanc! le.se obligations are secured agaifst hypothecation of respec|ve

iJnsecLrred loans frcm related pirties c.rry lnterest

@ i2-15% p.a. These do not

vehictes.
ca.ry.ry specific maturiry date but are revotving

in rature.

D;ferred rax liab ities / {assets) Inet)

Uferred tax liabil;ty

Fixed assetsj lnrpart of differenc. betvr'n
lnconreTat Act and Co s Act

!r

d,v. ds per

0thers
Grosr defe ed tax liability

(a)

lnrpact af expenditure charged to rtre staiernent of profit and

b!r attorvd fortrx purposes on

/oss in the cu.rent year

cross deferred tax asset

Net deferrd tar liabitity/{asset)

{b)

6,26' ,.)9.)

12,722,830

6,:6r,i99

13,r77,4s4)

(2,470 t.t9

F,r77,454)

12,41C

E!9;

:-44

h)+1b)

0fiRTlFrr$ rPUr f
lr ;
f.; i,,,\ "

12,722,830

'1'Ji

!r''r)-''!ll'i'

(- ^'-5c-*' -- \Director

Fr DJarnoiiEj Fu:i:Z,t ;Jcr.,rF--t*.r"-"r. a-*,-6,,

DIAMOND FOOTCARE UDYOG PRIVAl

oftlcei

B rU),

MaydEuri lndustrir

Notes to financlal statemeflts for the

7.

LIMITED

Area, Pirase-|, New Oelhl- 110064

ended on 3lst March 2012

Provlslon!
Lont-terni

31r!]ar.h

Provhlon for mFloye beneflts

Prov6ion forgrat!lty

31 March 2012

51,43,560

56,55,439

51,43,S6C

5t55,439

Other provisions
Provkion for inconre

t.x

13,24,236

Provlslon For Wealth

iar

11,374

=====4
8.

Short-trm

3l March 2011

2012

_
- -----i!a943e

73,35,610

________2115,8!q

Short-ternlborrorvings

Cash

credftfro.'r banks (sec!red)

BLryr's Credlt (secured)

25,22,34,658
5,29,95,592

17,J3,99,61-q

30,52,3q350

The above amount includes

Secured borrowlngs

30,52,30,350

17,',3,99 639

Uhsecured bofiowings

250,000,00/- cash crdit

!s

repayable on dEmand and carries interen @ 14.50% p.a. as on reporting date. ltjs secured a8ainst hypothe.ation ofinvento.tr5
or its sisterconcems,

ofthe Compant alongwith coliateraisecurity ofequitable mortgage of propertles in the name ofdirctors orthe Coaiapny
Dlrector sh. Rarnesh Kuriar Gupta.nd hli relrtives have given personal gu a rantees againstthis faclrity.
receivables

Trade pdy,rbler and Other current liabilities

3l March:01i

i
Due

to micro, smail& medlum enterprises

11,91,30,550

Other liabilities
Overdrrwn or .urrEnt a/c: !,./ith banks (un3ecLreci)
Current miiuritier of lon8'lernr borrowlngs lnote 5)
Current maturities oflin.nce lease oblisations (noies)
llre-esl d' iupd b-r nor Ju- o- bo'ro 'n8r
interest accrued ard due on borr,rwings
Statutory/government d..res payable
Creditors orher than trade payables

1,95,19,392
2,91,00,000
46,09,311
12,42,623
11,85,901
32,53,263
2,26,65,267

Empolvees benef it expenscs p.vable

r,ur,oo,ooo
39,21,547
11,ti4,853
1t,67,56A

I,!6,929
19,?2,917

1,53,91,03r.

Other expenses payabie

1,0s,s8,572

29,44,7n
10,09,16,s00
22,02,47 ,050

PYt'
For Diamond Footcale Udyog

lld

t----4.*^-l-.-ts='',- S\

CIRTIFIFD TRlJF (]{]l)l/

D{rwlor
F0r Diamc;nil Fcri.ri,re

$-- ..,'"r-u--.

iiii!.e

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- [.v
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..,iAMOND FOOTCARE UDYOG PRIVATE IIMITED

Rtht.red Officer S-44 Mayaplrt tndustrtatAre!, phase-t, N.w Dethi - U0064

Notes to financial statements for the year ended on 3tst March 2012

13,

Loans and Edvehaet

3l Marcl2012

3l Marrh

3l

2011

March 2012

CaDit?lAdv6nces
Seaur-^d, considered good

Ursecured, con.idared gcod

:0,64,320

10,64,320

$,64,i20 __

10,64,320

Doubdrl
{a}
5curltydeposit
Serured,l.on5idercd Eood
Unsecured, considered good

)-1,8,;50

Doubtful
(B)

23,99,750

__

2a,63,750

Loan and advances to related parties

Secured considered good

'Unsecured cbnsldred good

Doubtful
(c)
Advances recoverable in cash o. kind
5ecured considered gDod

5,42,49,7,54

Unsecured considered good

Doubtful
{D)

5tA2t49,764

Othr loans and advances

76,25,950
1,24,534
57,2a7

advances to emirloyeas

{E)

rotal(n+8+c+D+E)

34.54.070

32-28.070

71,62,p6
87,559

18,07,775

______qp9Ez51l

Trade rereivable5 and otherassets

3l March

2012

31March 2011

I
14.1 Trade reaeiEbles
Unsecured, considered tood unless 5tated otheruise
Outstanding for a priod exceeding six months from the date
they are due for payment
5ecu.ed, considered good
Unsecured, considered EooC
Doubtful

1,,21,23.692

(a)

93,56,461

1,22,23.692

Secured, considered good

Unsec!red, considered good

75,A8,Q,70s

Do!btfui
(Bj

rot3l(A

L5,O8,12,7C5

+ 8)

16,30,36,197

l4,Z Other aisets

Unsecure4 consldered good unless stared otherwise
Jnt AccrL,ed On fixed Deposit
Balances with statutory/government authorities
-lncome & Weaith Tax-Advance IaX/.IDS/FBI

-MAT.redit entiilements
'cat & vat
-DFP8 Jicence
Excise duty cenvat

input

CERTIF!EO TRUE OOPY

En ni:,m0nd

t0'll.

'e utlutJ

ivI

L'u'

R-^Jt-*- -er
Director

45,O9,978
26,35,595

25,400

r,231
88,607

Unamortized for.er gain

-_

2,84,691

47,99,222

47,92,408

Total

47.92.40A

Fci'iJiamaii.: i:coirare UCyog Pit. Ltil,

&-.--^*;v-t^--

f$

fiin.*trv

Et'"MOND FOOTCARE UDYOG PRIVATE LIMITED

Notes to flnanial statements for the vear ended on glst March ZO12

15.

lnventorlos (valued at lower of cogt and net realizable value)

3l

March 2012

31 March 2011

I
Ralv materidls, packing materials, components (refer note 19)

36,269,513

Work-ln-progress {refr note 20)

FiIished goods (refer note 20)

22,1Lt,'/A4

100,610,502

71,111,5,11

85,195,77A

84,669,t32

37,917,O11

21,\5t),712

Stock in trdde (Traded goods) (refer note 20)

-Foolwear

5c'ip

752,2AA

Power &.fuel

5:r,ii0

446,140

376,4,t0
10 ?rr)

Storcs & spares

16.

53,330
260,644,066

Carh and bank balances

31Mat.h 2012

31 March 20!.X

{
Cash and cash equivalents
Balances

with banks:

On current accounis
Cash on hand
Forex in hand

444,677

16,711
861,388

Other bank balances

Deposits wjth

:il t:t
a5

/,t

-.

maturltyformore than 3 months but up

12,637,AAA

to 12 months

12,537,000

17.

Revenue from operations

31 March 2012

nevenue from operations

Sale of products (lncluding branch transfers of Rs. 26,47,94,6A8/
Mfd. goods
,Footwear

888,391,701

Ltppers & straps

13,506,334

Stock-in-trade iTraded goods)

-Footwear
-Others

'

361,180,795
845,31s

Other operating revenue

Fabr,catioa ano s(icr

irg,oo wor\

98,340
2,687,844

scrap 5ates
Revenue from operatlons {gross)
Lessr Exclse duty

Revenue from oprations {net)

1,266,110,329

CERTIFIED TFtJE C#PY

3,897,939
1,262,812,390

2,19E,r1_.
762,086.:9Lr

Other income

3I March 2012

31 lrlarch ?011

I
lnterest on bank deposit
Other lnterest received
Rent received

Machinery hire charSes

Shorl and excess recoveries
Other non operaiing income

Director

829,954

339,56!

50,330

i11,i)a{

50,000

425.rral!

600,000
7,838
2,1C,;

1.i48177

__-: n7\d-,1

For Diar,rgg Foei";a:6

;iCi,og p,,:.

o*.
N-..'t*-.JL.\-..o,*bp*d
\j

L,

. - .,.

blAnlONo FOOTCARE UDYOG PRTVATE LIM|TED

I --rEd Otflcct B-40? Maya puri ndustrta I Are3, phEs"t, New Delhi,1t0064
I

Notes to financial statements for the year ended

19,

or 31st M arch

ZO]^2

Cost of raw materlaland components consumed/sold

3r. March 2012

lnventory at lhe bglnntng ofthe year

Add: pLrrchases (net ot returns & 9alesj

22,J10,704
434.154.3tO
456,86s,074

Less: dlscount rocetved frorn 5uppliers

Lcssi inventoF/ at rh-" end of the year {tncluding Goods in

31tularch ]O:i

16,397 5!e
563
579,550,:110

7,644326
Traisit}

L,:r6

5tl

36,269,573
418,911,776

Costof rawmEterlaland aomponcntj consumesl/sold

Details of rarv materlal snd cornponents consumed/sold

3I March 2072

I
Adlrsive
EINDJNG TAPE
BUCKLES

CALCIUM

/engage/polynrers

l6,t9l,ttt
.I08,69:,1a

11:,-]t:,
71! 8L,

636,051

78,462,434
2,149,373

FOAM SHEET
Hosiery cloth
lnsole

153,28,S:i,.

/u,4,3!J
57,999,35:

1,0:t 4aa
33,0ti

76,835

LASTING lHREAD

1,713,i94

LDPE

642,522

Nltro

la.3ia

PLASTISIZER\

1,7,307,495

PVC DORJ

32,6E1,172

161,23a

PVC PIPE

74,$3

PVC SPRAY COTOR

774,A41

REDUCER

6,804

REVIT & BUTTONS

RING
RIVA

Scrap
SHOE LABEL
5HOE LACES
SHOE 5HINNER

Shoe upper & Components

CgRTIF

TRUE CIOPY

SYNTHET]C RUEBER

Fo,

Ii.. L l|'.,'. '",.'f

R---^*"1.tt-*..-

THREAD SMALL CCPS

vt L'u'

Director

VEICRO TAPE
PacklnB Material & Other

Rubber cess Duty

Comrnission ofi purchase
Rate Difference

114,52a

4IA,A45

4L1,t3e

52,7A2,20A

ta,Ia\,94i

31,620
3,701,864
s58,280

2,a08,497

599,452
4,064,253

691,1i3
!,416,2a3
16,395,001

247,933
241,195

1,233,A2l

9,825

3,723,2a5

8AA,14tl
2,0,16,956

2,748.O72

1,056,

894,840
47,334,078
453,100
8,343

418,911.175

31 March 2012

LIC'1.9g

p,,t. Ltd.

F--ay**^Lk-**' Rry
Drrestor'

918,347

9,O12,967

111,283

Fw Dianpnd Fr.tciirs

68,n7i
861,99:
77,27:

404567

5,000

ShippinC line charges

2,235,524

2,7343aa

IYELETS

T.P. SHEETS

2,951,7 6a

50, g.r-l

1o3,706,O97

SHEETS

THINNER

1,446,I4t

3t,874

DR, TAPE

ELASTICTAPE

Shoe Sole

5,69:r,195

4,001,180
azo,040

48,891,018

CYCLO

STRAP

4,152,t.)+

6,A30,397

17,991,915

Compound Raw

Stablizers

3,557,270

6,I84,62L

Cololts & Pigment

Eva

3l March ?011

397,1I4
I37,488
210,575

itta

40t,933
s64,7,a\

D'

lMOND FOOTCARE UDYOG PRIVATE LIMITED

:red office; E-4O Miyep! ri tndusrrtal Area, phase t, New Dethj_ 110064

Notes to financial statements for the year ended on 3lst M arch 2O!2
Euckles
CALCIUM & FILLER

Colours & pigment

Cyclo

319,861

2i11,i31

453,729

2t44. ) 1.)

7,667,461

'!,AAl,1,t-1

5.?rl:

DC)P/DSP

Dr. Tape.
Ela5tic Tape

EV3

t |ii

659,133

48,338

/engage/polymers

11,100,919

Eyelers

41,585

Fabrlcs

112,I:r5
1'1,158.;,r7

7,282,54a

Foam Sheet

213,

INSOLE

t:1

92,346

LastingThread

51,:lir

LDPE

Packing Materlal
PLASTIC GRANULES

PrasrstzERs
PVC Dori

1,100,070
2,792,524
1,921,621

1,113,t)t,1

7,217,1,89

714,"!t

2t3,a,:.!
225,i t;0

JJ,iJ]

PVC Pipes

23,675

PVC Resin

1.,465,126

PVC stablizer

249,Oa4

Revit & Buttons

:!3,La:

53,42L

Ring

la,9:

RMA

2,899,2A7

SHOE LABEL

_1i6,:-l

294,6A5

Shoe iaces
Shoe Shinner

Shoe Upper & Components

Siabllu ers
T.P- Sheets
THINNER

Thread SmallCops

88,48s
38,731

la,a;i

774,131

10.i,0!1

889,197
83,839

353 3 )i:

212,O58

Tltt 3.:.:

24

1i:1

5i,ir

134,215

velcro lape

atr,rt,

83,061

36,269,573

20.

(lncrease)/decrease in tnventories
3X March 2012

lnventortes at the end ofthe year

Work-in progress (including scrap)

700,762,782

Fini5hed good3

85,195,170
37,917,A77
223,875,023

Traded goods

lnvcntories at the beglnning ofthe year

Work-in-pragre5s (including scrap)

/-7,768,94i
60,669,038

FinisheC eoods

Traded goods

{7C.886,4361

oftraded goods
ets oI Rs. 26,47,94,608/-j

(hcludlhg branch rransf

-Other5

l'0r 'i;i., llrr'i i,.',rii, rc

t-.-.-.-

I'l;l;

vt L:r'

decrease

{l

71,168,847
60,669,038

(29,5!r3,93!l
(:1,s26, t3:ji

21,150,702
L52,988,5A7
18,388,635

8.099,217
26,447,853
l126.500.7341

53r,971,939

.16 606,b111

842,742

..-+-t t-*..--Fv,

Detaile of inventory

532,860,581

118.608-8rn

Director
3l March

Work-in-pro8rss (inctuding scrap)

Dirmond.ushion /plus

2012

31Ma.ch 2011

1,SA2,4AA

Supreme cJaislc/hi fy
Celuxe

Karina health

{lncrerie}

3l March 2012

CERTIFIEN TRUE COPY

Madhuri/kid king
lVahima/plus/flt

2r,!54,702
152,988,587

Oetail$ of purchase

31 March 2011

11,756,000

For Diansrr:i

i;;il::'r

ijdv*g lh,t. Ltd.

F".-..a,;*,vLl4*r't-

q&\

700,3i0

3,918,6t1',]

1,083,t.10

2,804,810

;. t6.l,8uc

342,000
309,000

,..it)

r..

MOND FOOTCARE UDYOG PRIVATE LIMITED

R!- ,,ered offirer 830, Mevapuri lndus*lalarea,

PhasJ, New Delhi- 110064

Notes to financial statements for the year ended on 31st March 2012
Hedhh rit /heilth plus
Aaram deluxe

4,t'20,000
785,?00

L,4a4,7AA

Style/style01

74,r75,300

19,31E,ri00

Strap (in doz)

18,362,160

14,109,t64

405,7,75

11:,:00

981,310

2,062,\15
1,288,4i5
2,458,:00

tlawaisole

46,930

Hawaiinsole
Eva soie

149,440
5,895,000
4,610,350

Eva insarle

Strap compound

Hawaicrurnb/cutting

4,413,144
5,751,300

7,985,010
3,290,900

Eva crumb/cuttinB

1,165,5:1.5

19,41-1,349

8,930,b1r9

lnso er

267,Ja1

2e,9\t

Tie

9,764
2,987
752,280

Shoe uppers

Tan!nge
Scrap

--____--!n0l9zt9?4
Finished soods

60,669,01!

85,195,770

_-___-_g519:lzqStock in trede {Traded goodsl

37,971,071

____3|eqqL
21,

Employee benefit expense

3l

March 2012
721,749,993
12,412,284

salarles & wages

Contribution io

PF. ESI and

other iunds

Bonus

Gratuity expenses

staffwelfare erpenses
Leave encashment

' DireLlor's remuneration

CERTIFIEil TRUT CNSY

F^ lir

:rifdf':',-,

1,)

".ritl

l'

R-.---...-^".L,.-*"---5n'
Director

66,614,4i

't,is4,1t

I,

1,235,0.:1
2,616,-.."!

695,881
7,760,939

1sii,i['1

:=:::gEpp::

Udyog

$---aF+-k-.*,*

March 201r

3,474.107
1,967,313

1,464,OOO

Fs Dlamo# Fcstcare

3.1

F/t, Ltd.

W
U

ttr:!r,+

DIAIVIOND FOOTCARE UDYOG PRIVATE LIMITED

:red Ofilce:8"40, Meyepurt hdu$ria I Area, phare,t, New Dethi- 110064

Notes to financlal statements for the year ended on 31st M arch 2O''2

22.

Other expenses
3r Mat.h 2012

3l

t
,

ManufacturinE expcnss
Fa.rory building mainte ance
Llcence Fee
Consuinable stores & spares

ward
Pollltion controJexp
Repair and Maintenance
Fabricalion & Sheet Grinding Charges
Water chargeJ

:1,71!
2,149,8a1
33,513,5a,
1,39t3,61-1

54,lirj

6,232,27A

3,7ia,9 )

&931,563
19,230
62,940
61,493

5ales qromotion Exp. (Foreign)

lnsurance Do estic Sale

Sarnpling Charges

47,7li,t

3,636,655

Packing and Foru/ardtng Exp.

a.:1:.

237,45A

Establishntnt expenses

73,484,542

Ele.trl.rtv FrnF.(F.
Meribership & subscription

6,609,zat
5?5,26a

72,045
2,422,748

Conveyanc expenses
taJ(es

Fees & charges

Generalexpenses

bldglpmfflstock

Paymeni to Auditors (Refer details beJow)

Postage & courier exp

19

5!/

330,4sa

369,222

15.t,012

17,444

45t,1,. )

L14,rc2
787,989
712,360

S8::,r4 L
110,30d

603,727

Printjng & stationery

3i4,LL

1,134,A96

Professlonal & legal exp.

455,281

Rent-godown
Rep.lr & maintenance (others)
Running & malnt exp vehicles
Telephone/internet expenses

699,000

773,3

64A,76A

5i4,2i:,
1,42i,')S!

1,996,038

Festivalexpenses

Foreign exchange fluctuation gainil{loss)

36,.L:r.J

307,9.r:'

3,110,002

Frel8ht and c;rtage outward

Tour and TlavelJing expenses

lnterest, [ine and penaity

2,434, t1

1,9't8,O2A

Runnin8 & maint exp -Vehicle (Commercial)

Advertisement and pubjicity Exp.

Other

9,630,898

40,009,089
2,426,102

Sales promotion expenses

House Keepjng Exp.

34,3Jt

8,286,i:!

66,728,775
29,421

Rebate & dis.ount

Staff 8u5 Expen5es

Watch and ward security charges

86,607

1,213,365

24,126

Royalty

'

7,9t4,ta6
4,479,4!!5

7!3,7L0

Selling & diJtribution expenses

lnsulance -

64.558
22,91.2,E2:t

1,245,A17

Quality Control expenses

afd

40,299"0t3

50,208

Sample Design and Development Charges

lnrport Expenses

Rates

76,243,800
124,646
27,461
42,907,214
6,777,405
2,L74,a83

l'ower& fuelexpenses
Freight

March 20:1i

CERTIFITD TRilF NNPY

F,r',r,

, l'- '

\--

-"r''r'ltl'

^*'"Lt'--=---S
Director

826,971
770,964
238,219
7,672,357
1,167,209

t'.

106,54C

4,019,540

14,1)171

35,3s7
3,984,283

145,2!4

160,476,156

94,75j,542

Payment to auditor
As

auditor:
Audii fee
Tax audll fee

55,000

!! ul!

35,000

310rri

'i

Fs Dkniond fcc:enr,) l-ididg Pvt, Ltd,

F-.-o..w4-'te-'*.- Rr$.
Ehcc,rr

10,c00

!ar,

12,t5'l

r(i,:ijl

172.360

----..--.----..t

f}'\IV'IOND FOOTCARE UDYO6 PRIVATE LIMITED

'

ered Offic':

6ai,

Maya

Frri lndusrria I Aree, phase,t, Nerv rrelhi

- 110064

Nmes to financial statemerlts fcr the year ended on 31st M arch 2012

23.

Depreciation and embrtk?tion exoense

31 March 2012

Depreclirtion ot tanglbje asscts

Arnortirntion of intengibje assets

24.

March

20tl

8,

78,642,327

2.033

99.'t79
78.742.tOD

Flnance costs

Interest (worklng capital)

35,468,792

Finance lea5e charge5

lnlerst (Suyers Credit)

:t.6,0s4,tr:;
-13

r, );1

699,281

lnterest {othei loans)

43,607

LC Charges

497,2A2
234A,068
39,952,245

Bank charges

25,

31.

Earnings per rhare (EpSl

The iollav/ing refleds the proaii and shaie d3ia used ln the basic and diJuied EpS

corpu:atiojrsl

3l

March 20X2

Totaloperations for the vear

Prolir/(lo5s) aftertar

8,075,52s

Less : Dividends on convertjble prefercnce shares & tax

thereon
Net profit/{loas) for calculation ofbasic Eps
Net profit

- ______!{z!l2s

a5 3bove

Add ; divjdends on convertible preference shares & tax

ihereon
Add ; interest on bonds convertible into equity shares (net of
taxj
Net prol;l/{Jos,) for carcLlrtion ol o.J , Fd LDS

8,A7S,t2s

CERTIFIED TRUE EOPY

4,075,s25

..

\^'^t

\..j.rJ1r.Lr

r..'._--&

Weighted average number. of equity shares jn .alculatifg basic

3L March 2012

Director

1,387,158

EPS

Effect

31 March 2011

681,21t:

ofdllution:

Convertible preference shares

Coove[tJble oonds
Stock options granted under ESDp

Weighted averago number ofequlty sharos in oalculating

diluted EPS

1,387

t$A

Leases
Finance lease: company as lessee

The company has finance leases and hire purchase contracts for varioLrs iterns of vehicles.
These leases involve signjticant LrDfront lease payment,
have terms
renewal and bargain purchase option However, there is no escalation claLrse. Each
renewal is at the option of lessee. Future minimum lease payments
lvLl;
ufderfinance lases togeth er with the present value ofthc net MLp are as followsl

31March 2012
Minlmum paVments

I
4.6C9,371

__

2,i15,091
6.724.403

Fs Dlamond Fooico-e

Y*--qw.{^

UrFyog

pvt. Ltd.

\q-+.- Q"[
Direclcr

ol

31 lvlarch 2011

DIAT''1ND FOOTCARE UDYOG PRIVATE TIMITED

lfice: B-40, M/!JFU't tndustrlat Arer, pha3e.t, New Dpthj - ttOO64

Notes to flnancial stetements for the

27.

ended on 313t March 2012

Related party disctosures

xaDer ofrelated panles !nd rlatd party retationrhtp

Rehi.d pa.ties whEre .ontrot xlsrs

company
hotdifs.omFary
sub3tdhris
Holdlnt

None
None
None

uhimare

Related p8rtleswhh whom rGnjactions hav tdken ptar

d|lrinsthe year
Diamond Products limited
Diamond fcotstep {p)Jimited {fo rmerty vardaan shoe co.(p) Lid_)

lointly.o trolledentity

Om prakash gupta

Keymanagement perso.net

Relatlve! of key manBsem ent personf el

Dollygupia

5hr!tigupta
Enterprires owned or slgnifi.an yinftuenced by key
managementporso .elortheirrelative5

Related

pany

ansactions

(T)

The followinglabre provides the tolalamount ofrransadlons that have been entered
into with rer3ted parties.

..

sare/purchareof ltems

ofEw
materials

sal. df
Asta.latet

dnd

jaintty coniotted entitie5

Diamond products timtted

3l
3l

!iamondfooistepprivatelimjted

a!vlrdaan.hdeco

pvL.

March 2012

440,3_24

376,273

March 2011

(formertyrnown
31r',4arch 2012

Ltd.l

3l
3l

llooda Fln?nce h./estment pvt. ttd

purchaseof

sale

fddtwr:r

29,773,043
22,448,!55
507,144

of
assets

Purchase

rawmateriak

fired

3,302,941,

7,151,241

8,575,227

,14,363,347

7\3,ss2

1,61r,0!0
Amounrowed

htrert
,
2012
2012

hire cl'alges.eceived
Diamond footstep private timiied (formerly known
ar v?rdaanshoe co. p!t. Ltd.l
hooda Finance tnvestment pvt.

ttd

Diamond Productslimired

2.2JA,AOO

to related
parties

143,000

7,775,00A

--r

Rert/ m..hrnery

3l

March 2012

300,000

3l

March 2011

212,504

3L Match 2072

300,000

3l

March 2011

2r2,540

31Mar.h 2012

50,000

3l

R--3l March 2011

3l rvlarch 2012
3l March 2011

LalSharma

Note:The remunerarion ro rhe key

1,775,AO0

l',r,i;l;r .,

d. Remuneration to key mana8e.iatpersonnel

i!4ur ari

2,|27,ADO

CERTIFIEN TRUE

March 2011

31 March 2012

3,)24,4!a

Key mdhdqe rtu I pe5onnel

C.

45,187,9!1
136,1t1,1a7

10,257,59i

b. loans taken, rep.ynentand interestthereof

31 March
3l March

0i

fooilr.3r

712 715 1tt

March 2011
March 2012

31March 2011

Ramesh kumar supta

Purchase

480,000
480,000

I'll

"*-l

C'l]Y

.', ,'1,rL

L.''

rq=..

-$v
Directol

480,000

480,000

31 N4arch 2012

504,000

31 M3.ch 2011

105,000

nagerla I personn el does not inctudethe orovisio.s madeforsratuityand

teave beneflts.

FOR

DIAMOND FOOTqANE UDYOG PRIVATF !]MIITD

K--qr*\

ho..,-

:,{i'il''

OIAMOruO FOOTCARE UDYOG PRIVATE LIMITED

ofllr,c:8.40, Mayapu ri

ln

duitrh I Aren, Ph.se-|. Ncw oPlhl - 110064

ch 2012
Notes to financial Statementt for the year ended on 31st Ma''

28.

SegmentlDformation
Nole:- lhe comPanY oPeratcd

rcporti,ig

29.

is

!n.Jeroniyljneti

c oi bustness nzrneiy

IirruiacturinS cffo?twear items.5inc., rhete

is only one

sEsrncrr, loregmentalio

ri

raq!ired.

contingcntliabilities

31Ma.ch 2012

31Marh ?011

,:

B:nk guatif tc5 otGtanding

Itr.nme Irx denrdll!15 u roe
5.rle! ter demands unde. ccntrrlSa es T3x Act

38,85,000

17,7i,i)at)

s,66jsl

9,66,-ttl
il:i3

49,92,910

under the MSMED Acl' 2006

Details of dues to mi.ro and small enterprises as defined

l|lecDfil]'nYhasnotlece]Vij2nycont]lmationirornthsuppl]ersleg.rdingth:irstatu'0flejE'trsiionli|deltheMicro,Smal]&MediuEnt:'!lise5
the sald AC' is not siven

O"'"*t"1, *,
31.

,OOU

"nich

.ame irto effect fiom 2 Oct 2006 Nen'e dlt'los!re requireo under

vdlue ofimpons calculatd on

CIF basis

3l

31March 2012

March 2011

{
Raw materlaLs,

co

poients 3nd sP!re parts

Capilalgood5
lln \n:u aooo!
coisurnablc goodt

5,58,42,859

4,39,l)7 , ).'r2

6,92,a8,446

1,18,27, t53

6,21.,A5,794

,ii3

2,67,012

____ J4J43!.]5L

Totat

32. Erpendt re in foreign

.urrerl.y (accrual basis)

3l

31 M6rch ?,:l1l

March 2012

I
ll':,, -i

23,3s,1s3

Travel inE and co.vevanre

::====4,jl1j!:
33,

lmported and indignous rxw matcrials, components and spare parls consumed

3l March
"/.

of

tolal

consumoricn v:tue

.^ncLmotion
Raw Materialr, packing materiak and consumable goods
lndigenouslY obtained

3l March

2012

%a
13.81%
86.\9%

consumpti

2011

I
5,A1,75,935

7.51%

36,63,\2,646

92.31%

r00,00%

"

4.2 i ,?' , ):,

100.00%

---*l{.Esl
34.

Earnings in foreitn currency {accrual basis}

Year of renlttance (endinB oni

3l March

3L March 2011

?012

Exports at F.o.B. vaLuc

35,

Oth13
n the oirinion

obtaini.g cof

thevalle at ieasteqralio rhelg!res ttated

otlhe Bd3.dol o recrorroirrre company, the currehr as5ets, oani and advances hale

in

!h? Balan'e shPet on

ranof r from 5!ndry Cebrors & creditore.

vahEli.r oi stocks

as per

the pa,t practice.

As prou. rport of even date

For Mohit Parekh & Co

0r RTif

iE

I Tliir i,nr'{

rorrnd on behalfofthe

boarC

ofdird r',

Chanered Accountant5

ir,LrL., LL L

-'

''L!i['-

c.v"^^-\!r'-dt \]
Director

Memberehip no.:81069

Dater Septenrbr 27th

2012

U-..'r',vi..f--..-:,,
Gupta

Famesh Kurnat

DtN - 00047675

nrirLr

lDir?i,Lrj

lDirertorj

DIN

00c.1; r14

DIAMOND FOOTCARE UDYOG PRIVATE LIMITED

- 110064

B-40, MAYAPURI INDUSTRIAT AREA, PHASE-I, NEW DEI.HI

Notes to the financial statements for the year ended 31 March 2012

1,

CORPORATE INFORMATION

The Company is a Public Company domiciled in India and incorporated under the provisions of the Comt)anre5
Act.:t956. lts shares are not listed on any stock exchange in lndia or abroad. The company is engaged in the
manufacturing and selling of footwear under own brand names and also manufacturing for other Companiers and
Retail Chains. The Company caters to both domestic and iniernational markets.

2.

SIGNIFICANT ACCOUNTING POLICIES:

A.

BASIS OF PREPARATION OF FINANCII\L STATEMENTS

The financial statements of tht! Company have been prepared in accordance with generally accepted accounting
principles in lnclia. The Company has prepared these financial statenrents to comply in all material respects with
the accounting standards notified under the Companies {Accounting Standards) Rules, 2006 {as amended !p to
ciate) and the relevant provisions of the Companies Act, 1956. The financial Statements have been preparecl as a

going concern on accrual basis and under the historical cost convention. The accounting policies adoptad iri
preparation of Financial statements are consistent with those of previous year, except for the change in the
presentation and disclosure offinancial statements as explained herein below.
During the year ended 31't March'20L2, the revised Schedule Vl notified under the Companies Act, 195t h.s
become applicable to the Company for preparation and presentation of its financial statements. The Com.!any
has duly adopted the revised Schedule Vl for preparation of financial statements which has significant irnpa,--r on
presentation and disclosure made in the financial statements. The Company has also reclassified the preritr:s
year figures in accordance with the requirements applicable in the current year.

B.

USE OF E5TIMATES

of financial statements in conformity with lndian GAAP requires certain assumptions 3nrJ
estlmates to be made that affect the reported amount of assets & liabilities on ihe date of Financial Statements
and the reported amount of Expenses and lncome during the reporting period. Difference between the estim rtes
and actual results are recognized in the period in which the resuits are nraterialized.
The preparation

C.

TANGIBAI FIXED ASSETS

Fixed Assets are stated at cost net of recoverable taxes and includes all attributabie cost for bringing the assets tcr
its working condition for its intended use less accumulated depreciation. All costs, including financial costs tjll
date of put to use, net charges on foreign exchange contracts and adjustments arising from exchange rate
fluctuations attribuiable to the fixed assets are capitalised.

D.

INTANGIBLE ASSETS

lntangible Assets are stated at cost of acquisition net of recoverable taxes less accumulated amortisatio|l. Al]
costs, including financial costs till date of put to use, net charges on foreign exchange contracts and adjustffer,ls
arising from exchang-a rate fluctuation attributable to the intangible assets are capitaljsed.

E.

DEPRECIATION & AMORTISATION

Depreciation on Fixed Assets has been provided on Straight Line methcd over their useful life a:;:,r:r rr,classification, rates and manner prescribed in Schedule XIV ofthe Companies Aci, 1956 as amended uFto {i3t-.'
Depreciation on assets acquired/disposed off ciuring the year has been provic'ed on Pro-rata basis wjth refer,rr ce
tb:ttre date, o{i[te/a d d ition/dispo-sa Flhta nglble Assets are amortised on Straight Line n]ethod over their useful iir'e

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DIAMOND FOOTCARE UDYOG PRIVATE LIMITED

- 110064

B-40, MAYAPURT tNDUSTRIAt_ AREA, PHASr-t, NEW DErHr

Notes to the financial statements for the year ended 31 March 2012

F.

INVESTMEI\'TS

Current investments, if any, are stated at lower of cost or fajr value determined on individual investment basis.
Long Ternr investments, if any, are stated at cost. Provision for dimil'rution in the value of long terrn investmer)rs is
made only if such decline ls other than ternporaiy.

c.

zuBeua9i9

Purchases are net of rebate/special discounts, goods

H.

retrjrnei etc.

REVEIUE RECOGNITION

Rcvenue is recognized only v,rhen it can be reliably measured and it is reasonable to expect ultimate collectior,.
Sales of goods : Saie are recognized when substantial risks and rewards of ovlnership in the goods transferreal to

the buyer, usually on delivery ofthc goods. Turnover consists

( net oi sdles relurns, sdles lax/ value added tax)

Other lncome

of

sales ofgoods

lnterest income is recognizeC on time proportion basis taking in

to

bccount the amo.lni

outstanding and the rate applicable.

I.

J.

K.

FOREIGN CURRENCY TRANSAEIPNs

a.

Transactions denominated in foreign currencies are recorded !t the exchange raie prevailing on the
date of the transactior'r or that approximates the actual iate at the date of the transaction.

b.
,

Monetary itenrs denominated in foreign currency at ihe year encj are restated at the year end ratF lr
case of items which are covered by forward exchange contracts, the d;fference between the yea[ :nci
rate and rate on the date of contract is recognized as exchange rate difference and the premium f)nicl
{if anv) on forward contracts is recognized over the life of the contract.

c.

Non mcnetary foreign cuflency items are carried at cost.

d.

Any Gain

or Loss on account of exchange difference either on settlement or on translatiorr is

recognized in the Profit & Loss Account except in case they relate 1o acquisition of fixed assets, tirey
are adjusted to the carrying cost of such assets.

RETIREMENT BENEFITS

a)

Contribution to provident fund and employees'state insurance fund are accounted for on accrual basis.

b)

Leave Encashment Benefit5 are accourrted for on cash basis.

c)

The expenses towaids gratujty is accounted for in the Statement of Profit & Loss on accrual basi5.

IMPAIRMENT OF ASSETS

An asset is treated as inrpaired, when carrying cost of assets exceeds its recoverable amount. An impairment Joss
is charged to the Profit & Loss Account in the year in which an asset is identifjed as irnpaired. The impairment lo:s

DIAMOND FOOTCARE UDYOG PRIVATE LIMITED

B-40, MAYAPURT TNDUSTRTAL AREA, PHASEi, NEW DELHI - 110064
Notes to the financial statements for the year ended 31 March 2012

M.

INVENTORIES

(a)

lnventories are valued as under:

FINISHED GOODS

At lower of cost or net realizable value.

(Manufactured Goods)

N.

(b)

RAW MATERIAL &

CONSUMABLE GOODS

At Cost (On FIFO Basis)

{c)

OTHER INVENTORIES

Packing material etc. are valued at cost (On FIFO

Basis) and scrap is valued at selling value.

(d)

SEMI FINISHED GOODS

At Weighted Average Cost

(e)

TRADED GOODS

At Cost (On FIFO Basis)

(f)

5TOREs & SPARES AND FUEL

At Cost (On FIFO Basis)

BORROWING CO5T5

Borrowing costs that are attributable to the acquisition, construction or production of a qualifying asset are
capitalized as part of cost of such asset till such time as the asset is ready for its intended use or sale. A qualifyine
asset is an asset that requires a substantial period of time to get ready for its intended use or sale.
All other borrowing costs are recognized as expense in the period in which they are;ncurred.

O.

PROPOSED DIVIDEND

The Company has not proposed any dividend during the year.

P.

PROVISION FOR CURRENT TAX

Provision for income tax is made after availing Exemptions

& Deductions at the rate (s) applicable under the

lncome Tax Act, 1.961 for the year under consideration.

Provision for Wealth Tax is not required for the year under consideration.

Deferred tax assets/liability resulting from "timing difference" between book and taxahle profit is accounted for
using the tax rates and laws that have been enacted or substantively enacted as on the balance sheet date. The
deferred tax assets is recognized and carried forward only to the extent that there is reasonable certainty that the
assets will be realized in future.

Q.

FINANCIATDERIVATIVES HEDGINGTRANSACTIONS

ln respect of derivatives contracts, premium paid,galn/loss on settlement and losses on restatement are
& Loss Account except in case they relates to the acqLllsition qf,cOnsuuction of fixed
assets,theyareadjustedtothecarryingcostofsuchassets.. ForDi;,tllnllc'11.i't'"u,'0!l rtl'Lr'
recognized in the Profit

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DIAMOND FOOTCARE UDYOG PRIVATE LIMITED

B-40, MAVAPURI INDUSTRIAT AREA, PHASE.I, NEW DELHI = LLOO64

Notes to the financial statements for the year ended 31 March 2012

S.

INTEREST ON I.ATE PAYMENTS

lnterest on Late Payments by the customers &

to the suppliers and differential interest to the bankers

are

accounted for on acceptance basis.

T.

BONIJS

Bonus is accounted for on accrual basis.

U.

PROVISIONS. CONTINGENTLIABILITIES, CONTINGENTASSETS

Provisions involving substantial degree of estlmation 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
Liabilitieslare not recognized but are disclosed in the notes. Contingent Assets are neither recognized nor
disclosed in the financial statements.

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