EUREKA FORBES LIMITED

Your friend for life

By:
- Astha Mittal : 15244 (24)
- Kavya Jain 15314(217)
- Riya Jain: 15445(126)
- Shivani Prasad 15494 (315)
- Tanu Kumari 15541 (285)
About Eureka Forbes
• Vision: A Happy, Healthy and Safe Pollution-Free
Environment based on Trust and Lasting Relationships with
Founded Home Customers.
Appliances
in 1982

Water Purifier, Largest • Mission: To Build Sustainable Relationships with

Air purifier,
direct Customers as their 'Friend for Life' by satisfying their
Vacuum
Cleaner, Home evolving Health, Hygiene, Safety and Lifestyle through…
Security
sales Our People - Whose entrepreneurial spirit and ambition is
Systems force fuelled by the culture of Pride, Earning, Learning and Fun.
Our Products and Services - That reflect innovation,
53 Shapoor P.
become quality benchmarks and provide real value-for-
Mistry: money.
countries, Chairman Our Policies and Practices - That are fair, transparent and
1500 Mahesh constantly improved to maximize shareholder satisfaction
cities Tahilyani: MD
and achieve Market Leadership
Director’s Report
10 board meetings held during the year

Appointment of Price Waterhouse Chartered Accountants LLP as New Statutory Auditor for FY
17-18 to 2022-23

Restructuring of portfolio

Precision Tools Group

Dividend And Transfer to Reserves

Shared Capital

CSR
Auditor’s Report Statutory Auditor:
Deloitte Haskins & Sells LLP
Cost Auditors:
Kishore Bhatia & Associates
Secretarial Auditors:
Makarand M. Joshi & Co

Financial Statements shows true and fair view of financial

positions of the business

None of the directors is disqualified as on March 31, 2017

No default in repayment of loans/borrowings to financial

institutions and debenture holders.

No loans/borrowings from Government

Provisions are made for material foreseeable losses

No physical verification by management of property, plant and

equipment
The company has disclosed the impact of pending litigations on
its financial position
 Trading and P&L A/C
For the year ended 31st March 2016-17
Particulars Amount (Dr) (In Lakhs) Particulars Amount (Cr) (In Lakhs)

To Opening Stock 2613.90 By Revenue from operations 28346.97

To Cost of raw material consumed 5903.38 By Closing Stock 5971.84

To Purchases of stock in trade 33.55

To Gross Profit (transferred to P&L A/C) 25767.98

34318.81 34318.81

To Real estate development cost 8820.61 By Gross Profit (transferred from trading A/C) 25767.98

To employee benefit and expenditure 4617.49 By other income 2491.29

To finance cost 1235.11

To depreciation and amortization expenses 597.63

To other expenses 8524.54

To Profit before tax 4463.89

To Tax Expenses:

Current tax 577

Deferred Tax (1078.95) (501.95)

To Profit After Tax 4965.84

28259.27 28259.27
 Balance Sheet
As on 31st March 2017
Liabilities Amount (In Lakhs) Assets Amount (In Lakhs)
Current Liabilities: Current Assets:
Financial Liability: Inventories 7395.55
Borrowings 4920.09 Financial Assets
Trade Payable 5225.26 Trade Receivables 4034.76
Other Financial Liabilities 610.69 Cash & Cash Equivalents 1658.33
Provisions 1560.14 Bank Balance 64.88
Current Tax Liability (Net) 1692.19 Loans 11.23
Other Current Liability 1013.02 Other Financial Assets 812.90
Non Current Liabilities: Other Current Assets: 3949.94
Financial Liabilities: Non current assets:
Borrowings 9998.63 Property, plant & equipment 4390.47
Other financial liabilities 414.27 Capital WIP 249.93
Provisions 345.85 Investment Property 2505.29

Other non current liabilities 22.40 Intangible Assets 81.38

Equity: Financial Assets:
Equity share capital 1289.86 Investment 19316.65
Other equity 22861.26 Other Financial Assets: 167.08
Tax Assets 4626.42
Other Non current Assets 688.85

49953.66 49953.66
Increase in Profit and Annual Turnover as compared
to previous year

The company follows the GAAP of Going

Concern.

All the financial statements are true and fair to

its nature.

Amidst the demonetization, the company could

manage to earn profits.