1 Annual Report 2013-14

1 Annual Report 2013-14
CONTENTS
Page Nos.
Company Information 4
Board Committees & its Composition 5
Notice of Annual General Meeting 6-11
Director’s Report 12-19
Management Discussion and Analysis 20-24
Report on Corporate Governance 25-49
Standalone Financial Statements
Auditors’ Report 50-54
Balance Sheet 55
Profit & Loss Account 56
Cash Flow Statement 57
Notes to Financial Statements 58-82
Consolidated Financial Statements
Auditors’ Report 83-84
Balance Sheet 85
Profit & Loss Account 86
Cash Flow Statement 87
Notes to Financial Statements 88-115

COMPANY INFORMATION
BOARD OF DIRECTORS
Mr. Vikas Garg Managing Director
Mr. Vivek Garg Whole Time Director
Mr. Purushottam Dass Bhoot Director
Mr. Pradip Kumar Banerji Director
Mr. Jagdish Capoor Director
Mr. Sumer Chand Tayal Director
Mr. Manoj Singhal Director
Mr. Ashutosh Verma Additional Director
Mr. Narender Kumar Garg Director
COMPANY SECRETARY & COMPLIANCE OFFICER

Mr. Sunil Malik
STATUTORY AUDITORS
M/s. RSPH & Associates, Chartered Accountants, 906, Vikram Tower, 16, Rajendra
Place, New Delhi -110008
INTERNAL AUDITORS
M/s. KSMS & Associates, G-5, Vikas House, 34/1, East Punjabi Bagh, New Delhi -110026
COST AUDITORS
M/s. C.B Gupta & Associates, G-23/6A, Third Floor, Rajouri Garden, New Delhi -110027
BANKERS
Oriental Bank of Commerce & Bank of Baroda
REGISTRAR & SHARE TRANSFER AGENT

Alankit Assignments Limited2E/21, Alankit House, Jhandewalan Extension, Delhi -110055
REGISTERED OFFICE
Vikas House, 34/1, East Punjabi Bagh, New Delhi- 110026
Email: investor@vikasglobal.in, Website: www.vikasglobal.in
MANUFACTURING PLANTS
JAMMU & KASHMIR RAJASTHAN
Industrial Growth Centre, G-24-30, Vigyan Nagar,
Phase-I, SIDCO Complex RIICO Industrial Area, Shahjahanpur,
Dist. Samba-184121 Dist, Alwar-301706
Jammu & Kashmir Rajasthan

BOARD COMMITTEES & ITS COMPOSITION
AUDIT COMMITTEE
Mr. Narender Kumar Garg Chairman

Mr. Sumer Chand Tayal Member
Mr. Purushottam Dass Bhoot Member
EXECUTIVE COMMITTEE
Mr. Vikas Garg Chairman

Mr. Narendar Kumar Garg Member
Mr. Vivek Garg Member
STAKEHOLDERS RELATIONSHIP COMMITTEE
Mr. Sumer Chand Tayal Chairman

Mr. Narender Kumar Garg Member
RISK MANAGEMENT COMMITTEE
Mr. Pradip Kumar Banerji Chairman

Mr. Vikas Garg Member
Mr. Narender Kumar Garg Member
NOMINATION AND REMUNERATION COMMITTEE

Mr. Pradip Kumar Banerji Member
EQUITY WARRANT COMMITTEE

COMPENSATION COMMITTEE

CORPORATE SOCIAL RESPONSIBILITY COMMITTEE


NOTICE
Notice is hereby given that the 29th (TWENTY NINTH) Annual General Meeting of VIKAS
GLOBALONE LIMITED will be held on Monday, the 29th day of September at 11:30 A.M at Haryana
Maitri Bhawan, Pitampura, New Delhi - 110034 to transact the following business:
Ordinary Business:
1. To receive, consider and adopt the Audited Balance Sheet and Cash Flow Statement as at 31st March
2014, the Statement of Profit and Loss for the year ended on that date together with the reports of
Auditors’ and Directors’ thereon.
2. To declare Final Dividend on Equity Shares for the financial year ended 31st March 2014.
3. To appoint a Director in place of Mr. Vivek Garg (DIN: 00255443) who retires by rotation, and being
eligible, offers himself for re-appointment.
4. To appoint a Director in place of Mr. Purushottam Dass Bhoot (DIN: 00094087) who retires by
rotation, and being eligible, offers himself for re-appointment for the period of five years from the
date of ensuing General Meeting.
5. To appoint the Auditors of the Company to hold office from the conclusion of this Annual General
Meeting till the conclusion of the 2nd consecutive Annual General Meeting
Subject to ratification of the appointment by the members at every Annual General Meeting held
after this Annual General Meeting and to authorize the Board of Directors to fix their remuneration
and for that purpose to pass with or without modification(s) the following resolution as an
ORDINARY RESOLUTION.
“RESOLVED THAT M/s RSPH & Associates, Chartered Accountants (Registration No. 003013N), be
and are hereby appointed as the Auditors of the Company to hold office from the conclusion of this
Annual General Meeting till the conclusion of the 2nd consecutive Annual General Meeting.
RESOLVED FURTHER THAT the Board of Directors be and is hereby authorized to decide and
finalize the terms and condition of appointment and the remuneration of the Auditors.”
Special Business:
6. Appointment of Mr. Ashutosh Verma as a Director of the Company
To consider and, if thought fit, to pass with or without modification, if any, the following resolution
as an ORDINARY RESOLUTION:
“RESOLVED THAT Mr. Ashutosh Kumar Verma who was appointed by the Board of Directors as
Additional Director with effect from 6th August, 2014 and who holds office upto the date of this
Annual General Meeting of the Company, in terms of Section 161 of the Companies Act 2013, and in
respect of whom the company has received a notice in writing from the member under section 160 of
the Companies Act, 2013 proposing his candidature for the office of Director of the Company, be and
is hereby appointed as Director of the Company, liable to retirement by rotation.
RESOLVED FURTHER THAT the Mr. Vikas Garg, Managing Director of the company and Mr. Sunil
Malik, Company Secretary of the company, be and are hereby authorized, to do all such necessary
acts, as may be necessary to give effect to the above resolution.”
For and On Behalf of the Board of Directors

For Vikas GlobalOne Limited
Sd/-
Vikas Garg Place: New Delhi
Managing Director Date: 6th August 2014

NOTES:
a. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO APPOINT A
PROXY AND SUCH PROXY NEED NOT TO BE A MEMBER OF THE COMPANY. PROXIES IN
ORDER TO BE EFFECTIVE MUST BE RECEIVED BY THE COMPANY AT LEAST 48 HOURS
BEFORE THE COMMENCEMENT OF MEETING. A PERSON CAN ACT AS PROXY ON BEHALF OF
MEMBERS NOT EXCEEDING FIFTY (50) AND HOLDING IN THE AGGREGATE NOT TEN
PERCENT OF THE TOTAL SHARE CAPITAL OF THE COMPANY.
b. The Register of Members and Share Transfer Books of the Company will be closed from 23rd Day of
September, 2014 to 29th Day of September, 2014 (both days inclusive).
c. Corporate Members intending to send their authorised representatives are requested to send duly
certified copy of the Board Resolution authorizing their representatives to attend and vote at the
ensuing Annual General Meeting so as to reach the company on or before 23rd Day of September,
2014.
d. In accordance with the provision of Article of Association read with Section 152 of the Companies Act
2013, Mr. Vivek Garg and Mr. Purushottam Dass Bhoot retire by rotation at this Annual General
Meeting, being eligible, offer them for re-appointment.
e. Brief resume of all including those proposed to be re-appointed, nature of their expertise in specific
functional area, names of companies in which they hold directorship and memberships/
chairmanships of Board Committees, shareholding and relationships between directors inter-se as
stipulated under clause 49 of the Listing Agreement with the Stock Exchanges in India in the Report
on Corporate Governance forming part of the Annual Report.
f. The Certificate from the Auditors of the Company certifying that the Company’s Employee Stock
Options Scheme, 2011 is being implemented in accordance with the SEBI (Employee Stock Option
Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and in accordance with the
resolutions of the Members in the General Meeting, will be available for the inspection by the
Members at the Annual General Meeting.
g. Members are requested to note that the dividend not claimed within seven years from the date of
declaration shall, as per section 205A of the Companies Act, 1956, be transferred to the Investor
Education and Protection Fund (IEPF). Members are requested to contact/s Alankit Assigment
Limited/Secretarial Department of the company for claiming the unclaimed dividend standing to the
credit of their account.
h. Members are requested to bring their admission slips along with a copy of the Annual Report to the
Annual General Meeting.
i. If the dividend as recommended by the Board of Directors is approved at the Annual General
Meeting, payment of such dividend will be made on or after 29th Day of September, 2014 as under:
i. To all Beneficial Owners in respect of shares held in electronic form, as per the data made available
by the National Securities Depository Limited and the Central Depository Services (India) Limited,
as of the close of business hours on 22nd Day of September, 2014.
ii. To all Members in respect of shares held in physical form, after giving effect to valid transfers in
respect of transfer requests lodged with the Company on or before the close of business hours on
22nd Day of September, 2014.
j. M/s Alankit Assignment Ltd. having Corporate Office at ‘Alankit House’ 2E/21, Jhandewalan
Extension, New Delhi-110055 is the Registrar and Share Transfer Agent of the Company for physical
shares as well as depository interface with NSDL and CDSL.
k. (A) In order to provide protection against fraudulent dividend warrants, Members who hold shares in
physical form are requested to intimate the Company’s Registrar and Share Transfer Agents (RTA),
M/s Alankit Assignments Limited under the signature of Sole/First joint holder, the following
information to be printed on Dividend Warrants:
(i) Name of the Sole/First joint holder and the Folio number
(ii) Particulars of Bank Accounts, viz:

(iii) Name of the Bank
(iv) Name of the Branch
(v) Complete address of the Bank with the pin code number
(vi) Account type, whether Saving Account or Current Account
(vii) Bank Account number
(B) Members who hold shares in dematerialized form, may kindly note that their Bank account
details, as furnished by the Depositories to the Company, will be printed on their Dividend Warrants
as per the applicable regulation of the Depositories.
l. Members are requested to intimate to the Company about queries, if any, regarding these Accounts
/ Notice at least 7 days before the meeting to enable the management to keep the information ready
at the meeting.
m. Members who are holding shares in more than one folio are requested to write to the Company to
enable the Company to consolidate their holdings in one folio.
n. All documents referred to in the accompanying notice and explanatory statements are open for
inspection at the registered office on all working days expect Sundays and Holidays between 11:00
A.M to 1:00 P.M upto the date of Annual General Meeting.
o. Members are requested to promptly notify to the Company any change in their addresses.
p. In terms of Section 109A of the Companies Act, 1956, the shareholders of the Company may
nominate a person to whom the shares held by him shall vest in the event of his death.
q. The shares of the Company are currently listed at National Stock Exchange, Bombay Stock
Exchange and Delhi Stock Exchange and the Annual Listing Fee including service tax has been duly
paid for the financial year 2014-15.
r. The relative Explanatory Statement pursuant to Section 102 of the Companies Act, 2013 in respect
of business under Item no. 6 set out above and details under Clause 49 of the Listing Agreement of
the Stock Exchanges.
In view of the “Green Initiative” announced by Ministry of Corporate Affairs and circular issued by the
Securities and Exchange Board of India (SEBI), the Company will send all correspondence like
General Meeting Notices, Annual Reports and any other communications in future (hereinafter
referred as “documents”) in electronic form, in lieu of physical form, to all those shareholders, whose
email address is registered with Depository participant (DP)/ Registrar and Share Transfer Agent
(RTA)[herein after ‘registered e-mail address’for servicing documents including those covered under
section 219 of the Companies Act, 1956 [the Act] read with section 53 of the Act and Clause 32 of the
Listing agreement executed with the Stock Exchange.
Members holding equity shares in physical form are requested to update/ register their e-mail
addresses with the Company by sending a mail to investor@vikasglobal.in mentioning their name and
folio number.

EXPLANATORY STATEMENT
(Pursuant to Section 102 of the Companies Act, 2013)
As required under Section 102 of the Companies Act, 2013, the following explanatory statement sets out
the matter in relation to Item No. 6 of the accompanying notice dated 14th August 2013
ITEM NO. 6
APPOINTMENT OF MR. ASHUTOSH VERMA AS DIRECTOR OF THE COMPANY
The Board of Directors at its Meeting held on 6th August, 2014 appointed Mr. Ashutosh Verma as an
Additional Director, pursuant to Section 161 of the Companies Act, 2013. Mr. Ashutosh Verma will hold
office upto the date of forthcoming Annual General Meeting and is being eligible for appointment as a
Director. The Company has received a notice under Section 160 of the Companies Act, 2013, proposing
appointment of Mr. Ashutosh Verma, as Director of the Company.
Mr. Ashutosh Verma has a vast experience of over 34 years in the field of Plastics Raw Material and
Polymer Compounds. He spearhead into the Business Development and technical support to the
customers of VGL. His experience in the field of sales, marketing, business development, technical
services, sourcing of raw material, machinery and R&D had helped company to cross several milestone
in the journey towards being a truly world class organization and has registered a exponential growth
and consistently making profits.
He had widely travelled within India, Europe (France, Germany, Italy, Austria), US and Asia (Thailand,
Singapore, Malaysia, China, Taiwan, Korea, Japan, Hong Kong, Bangladesh) in connection with
business, developments and technical Seminars.
Before joining the company he was previously being associated with various renowned corporate like
KLJ Polymers and Chemicals Ltd. , Mulibase India Ltd., Sperry Plast Ltd. and Polychem Ltd.
He had dedicated his 20 years to compounding industry covering all aspects of running the industry like
production, purchase, sales/marketing, technical services, R&D and business developments. His
significant contribution results in 300-400% growth in last 3 organizations he had worked for in this
field.

ANNEXURE
Pursuant to Clause 49 (IV) (G) of the Listing Agreement of Stock Exchanges, the following information is
furnished in respect of the directors proposed to be appointed/re-appointed.
Mr. Vivek Garg was inducted earlier as the member of the Board of Directors in July, 2008. Since
joining the company he has contributed his knowledge and experience for promoting and strengthening
the business position of the company. He was re-appointed as executive Director of the Company with
effect from June, 2009
Name of Director VIVEK GARG

Date of Birth 26-11-1974 Date of Appointment 25-07-2008
Specialized Expertise Enriched experience in the field of Chemical and Petroleum
Products. He also contributes in the financial and strategic
decision making leading the company to reach the new heights. He
is also very active in field of education.
Qualifications Commerce Graduate.
Directorship of other Companies Triveni Bhoomi Vikas Pvt. Ltd.
as at 31st March, 2014 Maharaja Agarsen Academy Pvt. Ltd.
AG Agrotech & Power Pvt. Ltd.
Pride Buildtech Pvt. Ltd.
Vikas Polymerland Pvt. Ltd.
Vikas Surya Buildwell Pvt. Ltd.
Chairmanship/ Membership as at Whole Time Director
31st March, 2014 in the Vikas
GlobalOne Limited
No. of shares held in the Company 428620
as on 31st March, 2014 in the
Vikas GlobalOne Limited
Mr. Purushottam Dass Bhoot is being associated with the company since July, 1994 and is being on
the Board of Directors as Independent & Non-Executive Director of the company. He is a 85 years Law
Graduate and Company Secretary.
Name of Director PURUSHOTTAM DAS BHOOT

Specialized Expertise He He has 50 years of Experience in handling legal and secretarial
Assignments during his long stint with various big houses. He is also
on the board of Bhatkawa Tea Industries Ltd. & the member of the
audit Committee of our company.
Qualifications Company Secretary and Law Graduate.
Directorship of other Companies Bhatkawa Tea Industries Ltd
as at 31st March, 2014
Chairmanship/ Membership as at Non Executive Independent Director
GlobalOne Limited
No. of shares held in the Company 6000

Mr. Ashutosh Verma appointed as an Additional Director, pursuant to Section 161 of the Companies
Act, 2013 and will hold office upto the date of forthcoming Annual General Meeting and is being eligible
for appointment as a Director. Since joining the company he has contributed his knowledge and
experience for promoting and strengthening the business position of the company.
Name of Director ASHUTOSH VERMA

Specialized Expertise Enriched experience in the field of Polymer Division of the
Company. His wide spectrum of experience in varied fields helps
the company in planning, direction and management. In view of
the background and vast experience, the Board considers his
association as a director will be beneficial to and in the interest of
the company.
Qualifications B.Sc
Directorship of other Companies N.A
as at 31st March, 2014
Chairmanship/ Membership as at N.A
GlobalOne Limited
No. of shares held in the Company 30,000

Sd/-

DIRECTOR’S REPORT
To
The Members,
Your Directors have pleasure in presenting the 29th (Twenty Ninth) Annual Report of your Company and
Audited Statement of Accounts for the year ended 31st March, 2014.
FINANCIAL HIGHLIGTS:
The Company’s financial performance, for the year ended March 31, 2014 is summarized below :-
(Rupees in Lacs)
Particulars Vikas GlobalOne Limited Vikas GlobalOne
(Standalone) Limited (Consolidated)
2013-2014 2012-2013 2013-2014 2012-2013
Gross Income 17,159.09 15,808.07 25,284.17 25,418.38
Gross Expenditure 16,705.53 15,514.92 24,725.18 25,005.27
Share of Profit from Partnership firm/Minority
Interest 31.85 58.67 (10.62) (19.56)
Prior Period adjustments (net) (78.82) (0.26) (79.00) (0.58)
Net Profit before Tax 406.58 351.56 469.37 392.98
Provision for Taxation (49.16) (5.65) 77.04 (21.57)
Provision for Deferred Tax (1.18) (5.38) (1.80) (6.20)
Mat Credit Availed (27.81) 0 (27.81) 0
Provision for Taxation (earlier years) 4.03 1.75 (1.28) 1.64
Net Profit after Tax 332.46 342.28 361.44 366.85
Balance brought forward from previous year 1,972.21 1,688.64 2,051.07 1742.93
Profits available for appropriation 2,304.67 2,030.92 2,412.91 2,109.78
Proposed Dividend (50.85) (50.51) 50.85 (50.51)
Provision for Dividend Distribution Tax (8.64) (8.20) 8.64 (8.20)
Profits carried to Balance Sheet 2,245.18 1,972.21 2,353.02 2,051.07
FINANCIAL REVIEW:
The Company showed improvement in nearly all the spheres it operates in.
Turnover of the company for the Financial Year ended on 31st March 2014 was 16,923 Lacs as
compared to Rs. 15,679 Lacs for the Financial Year ended on 31st March 2013 registering a growth of
around 8 percent whereas the PAT was Rs. 342 Lacs for the FY 2012-13 as compared to Rs. 332 Lacs
for the FY 2013-14. The decrease in the profitability was due to following reason:-
The company was availing exemption under Minimum Alternative Tax benefits in the state of Jammu
and Kashmir which were withdrawn by the government during the current financial year. This has
affected both the revenue and profitability of the company.
Further we would like to bring in your kind notice that FY 13-14 was very turbulent for overall economy.
Even then also company has maintained its trend of growth both in terms of Revenue and Profit. Thus

keeping in view the stabilizing economy and some prudent measures taken by the management, the
company is expecting good results in the upcoming Financial Year 2014-15.
Further the exports of the company have registered an overall growth of 53 percent which is Rs. 2900.40
Lacs in the Financial Year 2013-14 as compared to Rs. 1937.06 Lacs in the previous Financial Year
2012-13.
TRANSFER TO RESERVES
The Company proposes to transfer Rs. 272.97 Lacs to the general reserve out of the amount available for
appropriation and an amount of Rs. 2245.17 Lacs is proposed to be retained for future purpose.
DIVIDEND:
Based on the Company performance, your Directors are pleased to recommend for the approval of the
members a final dividend of Rs. 0.05 (5% ) per equity share of face value of Rs. 1 each for the year ended
31 March, 2014, which will absorb Rs. 59.48 Lacs inclusive of Dividend Distribution Tax amounting to
Rs. 8.64 Lacs.
The final dividend, if approved, will be paid to the members within the period stipulated by the
Companies Act, 2013, through either of ECS (preferably), NEFT, dividend warrants, bankers’ cheques.
DIRECTORS:
In terms of Article 86 of Articles of Associations of the Company and pursuant to section 152 of the
Companies Act, 2013, Mr. Vivek Garg (DIN: 00255443) and Mr. Purushottam Dass Bhoot (DIN:
00094087) who retires at the ensuing Annual General Meeting and being eligible, has offered himself for
re-appointment in terms of the provisions of the Articles of Association of the Company. The Board of
Directors recommended their re-appointment.
The Company has received declarations from all the Independent Directors of the Company confirming
that they
meet with the criteria of independence as prescribed both under sub-section (6) of Section 149 of the
Companies Act, 2013 and under Clause 49 of the Listing Agreement.
The Companies Act, 2013 provides for appointment of Independent Directors. Sub-section (10) of
Section 149 of the Companies Act, 2013 (effective from 01.04.2014) provides that Independent Directors
shall hold office for a term up to five consecutive years on the Board of a Company; and shall be eligible
for re-appointment on passing a special resolution by the shareholders of the Company. Sub-section
(11) states that no Independent director shall be eligible for more than two consecutive terms of five
years. Sub-section (13) states that the provisions of retirement by rotation as defined in sub section (6)
and (7) of section 152 of the Act shall not apply to such Independent Directors.
Our Non-executive Independent Directors were appointed as directors liable to retire by rotation under
the provisions of the erstwhile Companies Act, 1956. The Board of Directors has been advised that the
Non- executive Independent Directors so appointed would continue to serve the term that was
ascertained at the time of appointment as per the resolution pursuant to which they were appointed.
Therefore it stands to reason that only those Non-Executive Independent Directors who will complete
their present term at the ensuing AGM of the Company in 29th September, 2014, being eligible and

seeking re-appointment, be considered by the shareholders for re-appointment for a term up to five
consecutive years.
Non- executive Independent Directors who do not complete their term at the ensuing Annual General
Meeting, will continue to hold office till the expiry of their term (based on retirement period calculation)
and thereafter would be eligible for re-appointment for a fixed term in accordance with the Companies
Act, 2013.
Brief profile of the Directors who are to be appointed/re-appointed, nature of their expertise in specific
functional areas, names of companies in which they hold the membership of the Board of Directors or
committee thereof, chairmanship of the Board, their shareholding etc. as stipulated under Clause 49 of
the Listing Agreement, are furnished in the notice of the ensuing Annual General Meeting and in the
relevant section on Corporate Governance in the Annual Report elsewhere.
CORPORATE GOVERNANCE:
The Company believes that the essence of the Corporate Governance lies in the phrase “Your Company”.
It is “Your” company because it belongs to you- ‘the Shareholders ‘. The Chairpersons and Directors are
“Your” fiduciaries and trustees. Their Objective is to take the business forward in such a way that it
maximizes “Your” long term value. Your Company is committed to benchmark itself global standards in
all the areas including highest standard of Good Corporate Governance. Besides adhering to the
prescribed Corporate Governance practices as per clause 49 of the Listing Agreement, it voluntarily
governs itself as per highest standard of ethical and responsible conduct of business in line with the
local and global standards.
A Certificate from Practicing Company Secretary regarding compliance of the conditions of the Corporate
Governance, as stipulated in Clause 49 of the Listing Agreement with the Stock Exchange, is attached in
the Corporate Governance Report and form part of this report.
Certificate of the Managing Director, inter-alia confirming the correctness of the financial statement,
compliance with Company’s Code of Conduct, adequacy of the Internal Control measures and reporting
of matters to the Audit Committee in terms of Clause 49 of the Listing Agreement with the Stock
Exchange, is attached in the Corporate Governance Report and forms part of this Annual Report.
CODE OF CONDUCT
The Board has laid down a Code of Conduct for all the Board Members and Senior Management of the
Company and have affirmed compliance with the Code and a separate declaration to this effect is
annexed to the Corporate Governance Report.
FIXED DEPOSITS
During the year under review, the Company has not accepted any deposit under Section 58A and
section 58AA of the Companies Act, 1956 read with Companies (Acceptance of Deposits) rules, 1975.
CREDIT RATINGS:
Brick Works Ratings:
During the year under review Brickwork Ratings India Private Limited , A SEBI, RBI & NSIC registered
credit rating agency in India, has assigned credit rating BWR BB+ (BWR Double B plus) for Long-term

bank facilities and the Outlook of which is Stable regarding timely servicing of financial obligations and
BWR A4+ (BWR A Four Plus)for Short-term bank facilities.
MANAGEMENT’S DISCUSSION AND ANALYSIS REPORT
Management’s Discussion and Analysis Report for the year under review, as stipulated under Clause 49
of the Listing Agreement with the Stock Exchanges in India, is presented in a separate section forming
part of the Annual Report.
EMPLOYEES’ STOCK OPTION SCHEME (ESOPS)
Pursuant to the Special Resolution passed by the Members at the Annual General Meeting held on 27th
September, 2011 where the authorization granted to the Compensation Committee for the issue and
allotment of Equity shares of the company under Employee Stock Option Scheme (ESOPS) and subject
to the in principle approval from the Stock Exchanges, your company has implemented an Employee
Stock Option Scheme to reward the Employees of the Company for their performance and association
with the Company and also to motivate them to contribute to the growth and profitability of the
Company.
In the Financial Year 2013-14 company allotted 6,56,500 equity shares of face value of Rs. 1/- each to
the eligible employees and Independent Directors which were allotted to them on 31st March, 2014,
subject to the approval from the Compensation Committee.
DIRECTOR’S RESPONSIBILITY STATEMENT:
Director’s Responsibility Statement pursuant to section 217(2AA) of the Companies Act, 1956, the
Directors of the Company hereby confirms:
1. That in the preparation of Annual Accounts the applicable accounting standards have been followed
along with proper explanation relating to material departures;
2. That your Directors have selected such accounting policies and applied them consistently and made
judgments and estimates that are reasonable and prudent so as to give a true and fair view of the
state affairs of the company at the end of financial year and of the Profit of the Company for that
period;
3. That your Directors have taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provision of this Act, for safeguarding the assets of the
Company and for preventing and detecting fraud and other irregularities;
4. That your Directors have prepared the Annual Accounts on a going concern basis.
CAPITAL STRUCTURE:
Paid-up Share Capital – In the previous year 2012-2013 the Paid-up Share Capital of the Company
stood at Rs. 10,10,39,370 comprising 1,01,03,937 Nos. of Equity Shares of Rs. 10 each and during the
current financial year 2013-14 there is an increase in the Paid-up share Capital of Rs. 6,56,000 on
account of issue of Shares under ESOS and now the Paid-up share capital stands at Rs. 10,16,95,870
comprising 10,16,95,870 Nos. of Equity Shares of Rs. 1 each.

SUB-DIVISION (STOCK SPLIT) OF EQUITY SHARES OF THE COMPANY
In order to improve the liquidity of the Company’s shares at the Stock Exchanges with higher floating
stock in absolute numbers and to make it more affordable for the small retail investors having interest
to able to invest in the company’s equity shares there was a sub-division (stock split) of Equity Shares of
Rs. 10/- each stands sub-divided into 10 (Ten) Equity Shares of Rs. 1/- each by the approval of the
shareholders by passing an ordinary resolution at the EGM conducted on 15th March, 2014.
LIST OF PENDING LEGAL CASES
1. Vikas Global One Ltd Vs ADM Agro Industries Kota and Akola Private Limited
Civil Suit - CS OS No.198/2014 in High Court of Delhi

Suit filed on ADM Agro for the recovery of Rs. 99,61,516/-
2. ADM Agro Industries Kota and Akola Private Limited Vs Vikas Global One Ltd
Winding up Petition – CO PET No. 64/2014

ADM Agro filed suit for winding up of the company.
LISTING OF SECURITIES:
The company is listed at National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Delhi
Stock Exchange (DSE) and actively traded. The Annual Listing Fee including service tax for the financial
year 2014-15 has been paid to all of the Stock Exchanges.
STATUTORY AUDITORS AND THEIR REPORT:
M/s RSPH & Associates, Chartered Accountants (Registration No. 003013N), New Delhi being the
Statutory Auditors of the Company will retire at the conclusion of ensuing Annual General Meeting and
being eligible offer themselves for re-appointment, as the Statutory Auditor of the company for the
Financial Year 2014-15. The company has received a letter from them to the effect that their re-
appointment, if made, would be within the limit prescribed under section 139 of the Companies Act,
2013 and they are not disqualified for such re-appointment within the meaning of the Section 141 of the
Companies Act, 2013.
The observation of the Auditors together with their notes to accounts forming part of the Balance Sheet
and the Cash Flow Statement as at 31st March, 2014 and the Statement of Profit & Loss for the year
ended on that date, referred to in the Auditors Report are self explanatory and do not call for any further
explanation from the Directors.
INTERNAL CONTROL SYSTEMS:
The Management continuously reviews the internal control systems and procedures for the efficient
conduct of the Company’s business. The Company adheres to the prescribed guidelines with respect to
the transactions, financial reporting and ensures that all its assets are safeguarded and protected
against losses. M/s KSMC & Associates (Registration No.003565N), the internal auditor of the Company
conducts the Audit on regular basis and the Audit Committee actively reviews internal audit reports and
effectiveness of internal control systems.

Internal Control Systems are implemented to safeguard the Company’s assets from loss or damage, to
keep constant check on the cost structure, to prevent revenue leakage, to provide adequate financial
and accounting controls and implement accounting standards.
The Company has a rigorous business planning system to set targets and parameters for operations
which are reviewed with actual performance to ensure timely initiation of corrective action, if required.
COST AUDITORS
The Company has appointed M/s Niraj Kumar Vishwakarma & Associates (Firm Regn. No. 101683),
Cost Accountants for conducting Cost Audit for the financial year 2014-15 under the provisions of
section 139 of the Companies Act, 2013 and have also certified that they are free from any
disqualifications specified under section 141 read with section 139 and 148 of the Companies Act, 2013.
The Audit Committee has also received a Certificate from the Cost Auditors certifying their independence
and arm’s length relationship with the Company.
HUMAN RESOURCES
Your Directors would like to place on record their appreciation of all the employees for rendering quality
services and to every constituent of the Company be its in members, producers, regulatory agencies,
creditors or shareholders. The unstinting efforts of the employees have enabled your company to remain
in the forefront of Polymers and Chemicals business.
PARTICULARS OF EMPLOYEES:
The statement of information as required under section 217(2A) of the Companies Act, 1956 read with
Companies (Particulars of Employees) Rules,1975 in respect of employees of Vikas GlobalOne Limited
does not apply.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE:
As required in terms of section 217(1)(e) of the Companies Act, 1956 read with the Companies
(Disclosure of Particulars in the Report of Board of Director) Rules, 1988, the relevant data pertaining to
conservation of energy, its consumption, technology absorption, research & development and foreign
exchange earnings and outgo are given in the prescribed format as annexed hereto and forms an
integral part of this report.
MAJOR HIGHLIGTS OF THE YEAR
INCREASE IN EXPORTS
 The exposure to the global markets is extending continuously;
 Marked by the Y2Y growth of
75 % in exports comparing FY 2010-11 & 2011-2012.

 VGL is recognized as “Export House” by the Directorate General of Foreign Trade ,
Government of India.
 VGL is poised to achieve the status of “Star Export House” during the current Financial
Year.
 Member of “Federation of Indian Exports Organizations” (FIEO), “Confederation of

Indian Industry” (CII) and “The Plastics Export promotion Council” (PEPC).
GEOGRAHICALLY EXPANSION :
The company is contemplating to start new office at Dubai & Singapore:
 Dubai
VGL has started an office at UAE, located in Dubai, to cater to the needs of mid-sized
consumers in the global market. VGL plans to start a warehouse facility soon in the Free
Trade Zone, to facilitate smaller shipments & prompt deliveries increasing its reach & profit
margin by being able to cater to the consumers directly.
It shall also help developing newer markets conveniently being located in the global
distribution hub that’s UAE.
 Singapore
Following the line of action taken at UAE, VGL plans to have an office & warehouse at
Singapore very soon, facilitating reach to newer markets in the South East Region.
ADDITION OF NEW PRODUCTS AND STRENGTHENING EXISTING INFRASTRUCTURE
Apart from the focus on the Global Market Place, to supplement the aggressive growth plans, the
company is adding new products, manufacturing facilities & strengthening the existing infrastructure to
support the growth planned in the existing products & business.
AGREEMENT WITH QUIMIDROGA:
Vikas GlobalOne Limited is pleased to announce that it has entered into a Memorandum of
Understanding with Quimidroga S.A. for distribution of Company’s specialty polymer compounds and
additives in Western Europe Set up in Spain in 1944, Quimidroga S.A. has been ranked 7th among top
100 Chemical Distributers as per the survey of ICIS Chemical Business 163.
Quimidroga S.A. distributes a wide range of chemical products from industrial ones or commodities to
specialities with ahigh level of sophistication. By joining hands with Quimidroga, the company shall gain
access to Quimidroga’s wide network of customers, access to industry specifications, modern logistics
centers at right, locations and long term commitment in business which shall contribute in fast
devlopment of market in Western Europe for company’s products. This Memorandum of Understanding
between the company and Quimidroga will help company to ern more foreign exchange in terms of
Export Sales Revenue with higher margins. Its is expected to generte additional revenue and incrimental
net profit.

Quimidroga distinctive characteristics which include long term partnership with leading suppliers,
Industry Specification, Regional Presence, Enhanced Product Mix (Speciality & Commodity), Modern
Logistic center at right locations, Long Term Commitment in business would contribute in fast
development of the company product in the West European market with Brand Building and customer
loyalty. This Memorandum of understanding between the company and Quimidroga will help company
to earn more foreign exchange in terms of Export Sales Revenue with high margin. This would help
company to widen its operational areas and increase its share of market in the Western Europe.
ACKNOWLEDGEMENT
The Directors wish to express their grateful appreciation for assistance and cooperation received from
Banks, Government Authorities, Stock Exchanges, Customers, Vendors and Members during the period
under review. Your Directors also wish to place on record their appreciation for the committed services
of the staff and workers of the Company.

Sd/-

MANAGEMENT DISCUSSION AND ANALYSIS REPORT
ECONOMIC OVERVIEW & GROWTH
The Management of VIKAS GLOBALONE LIMITED is pleased to present its report on Management
Discussions and Analysis. The core business of the Company is in manufacturing and distribution of
Specialty Polymers Compounds and Additives, while alongside acting as a distributor of global
conglomerates with niche in specialty chemicals and polymers. This report contains the expectations of
the Company's business based on the current market environment. It was a challenging year for the
Indian economy with persistent concerns over global growth prospects and financial stability weighing
on external demand and international funding.
The global economy is expected to improve gradually with improvement in US economic environment,
moderate growth of other emerging market economies like India, China and Brazil and revival in Euro
zone and Japan. As per the International Monetary Fund’s(IMF) ‘World Economic Outlook’ published in
April 2013, global economic growth is progressing to 3.3% in 2013 compared to 3% in 2012. However,
the stability and growth prospectus of US economy resulted in flow of money from emerging markets to
US and other developed markets which led to sharp depreciation of emerging market’s currencies
against USD particularly India which largely depends on import of Petroleum and Petrochemical
products. This has made managing current account deficit a challenge for policy makers.
There is no doubt that the Company has achieved its business targets every year due to the dedicated
efforts of the Human Resources of the Company. This year is no exception. Employer-Employee relations
continued to be cordial throughout the year. The Company has an existing system of regular interaction
between its senior management and operators at the shop floor level which enables sharing of business
information and solutions to the problems at the preliminary level.
Legal and commercial procedures have been actively disseminated throughout the Company. A legal
compliance management system has been developed to track regulatory compliance requirements. It has
been successful in identifying areas which require immediate legal attention and has reduced instances
of non compliance.
INDUSTRY STRUCTURE AND DEVELOPMENT
We are a global manufacturer and supplier of Chemicals and Polymer Compounds. We have two
manufacturing sites, one at Rajasthan and the other at Jammu & Kashmir. We have our locations
equipped with advanced equipments and analytical instruments. We have an excellent team of technical
and commercial professionals with expertise in chemicals manufacture and marketing. We cater to both
domestic and international market. We have competition both from local producers and international
producers.
OPPORTUNITIES AND THREATS
Your Company has the advantage of having a product range covering a broad spectrum of applications.
Your Company continues to invest in upgradation and expansion of its manufacturing capacities. The
in-house R&D Department has been consistently developing quality products and is also striving for
achieving cost efficiencies.

The industries in which our products have application like Automobile, Leather, Footwear, Organic
Chemicals, Polymers, Pharmaceuticals, Packaging Industries etc are growing at a reasonable pace and
we have a fair chance of improving our position as a reliable supplier of good quality chemicals to these
industries. Our Core Competence in chemical handling and manufacturing supported by an able
technical team, should provide a lot of opportunities and scope to the company to improve its
performance. We enjoy leadership position in some of the products in domestic market, driven by strong
in house technology, diversified product portfolio and customer base. Our R&D Centre is enabling us to
add new products to our product portfolio which will add to our contribution.
The commodity nature of some of our products make them susceptible to fluctuations in raw material
prices and exchange rates. The company is vulnerable to External price volatility. Domestic prices are
dependent on the cyclicality of the industry and Government policy for its use in oil sector. Other
petroleum based raw materials are subject to International policy and price fluctuation.
Being a global player, we are also exposed to competition not only from domestic players but also large
international players. Cheap imports especially from countries like China could pose problems, which
would have to be faced by consistency in quality of the products and improving production efficiencies.
RISKS AND CONCERNS
The Company has a risk management policy, which from time to time, is reviewed by the Audit
Committee of as well as by the Board of Directors. The Policy is reviewed quarterly by assessing the
threats and opportunities that will impact the objectives set for the Company as a whole. The Policy is
designed to provide the categorization of risk into threat and its cause, impact, treatment and control
measures. As part of the Risk Management policy, the relevant parameters for all manufacturing sites
are analyzed to minimize risk associated with protection of environment, safety of operations and health
of people at work and monitored regularly with reference to statutory regulations and guidelines defined
by the Company. The Company fulfills its legal requirements concerning emission, waste water and
waste disposal. Improving work place safety continued to be top priority at all manufacturing sites.
OUTLOOK
For the year 2014-15, our focus will continue on sustainable growth by taking measures for increasing
our market share of existing products, launching new products and creating new business in untapped
growth market segments in Export market.
Though there is sluggish demand in certain sectors and also increased competition from global and
domestic players, we expect the trend shown in 2013-14 to continue in the year 2014-15. With the
global growth of chemicals focused more on Asia, it is expected that there will be further growth in
chemical industry.
During the year 2014-15, we expect the investments, which we made in our further expansion of our
manufacturing units and also in debottlenecking capacities of other products, add to both our topline
and bottomline.
We are continuing with our efforts on improvement in efficiencies, margins and profitability while re-
looking at business strategies and models, wherever necessary and barring, unforeseen circumstances,
we expect to achieve better results for the year 2014-15.

HUMAN RESOURCES
The HR policies and procedures of your Company are geared towards nurturing and development of
Human Capital. Your Company has transparent processes for rewarding performance and retaining
talent.
Skill Gap Analysis and other systems are also in place to identify the training interventions required.
Employee relations at all locations continued to remain cordial. Your Directors wish to acknowledge the
sincere and dedicated efforts of the employees of the company and would like to thank them for the
same.
CAUTIONARY STATEMENT
Statements made in the report, including those stated under the caption “Management Discussion and
Analysis” describing the company’s plans, projections and expectations may constitute “forward looking
statements” within the meaning of applicable laws and regulations. Actual results may differ materially
from those either expressed or implied.
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Company has a proper adequate internal control system to ensure that all the assets are safe
guarded and protected against the loss from unauthorized used or disposition and that transactions are
authorized, recorded and reported correctly.
The internal control is supplemented by an extensive internal audit, periodical review by the
management and documented policies, guidelines and procedures. The internal control is designed to
ensure that the financial and other records are reliable for preparing financial statements and other
data and for maintaining accountability of Assets.
ANNEXURE ‘A’ TO DIRECTOR’S REPORT
Information as per section 217(1)(e) read with Companies (Disclosure of particulars in the Report of
Board of Directors) Rules, 1988 and forming part of the Director’s Report for the year ended 31st March,
2014:
CONSERVATION OF ENERGY
 The Company shall continue its endeavor to improve energy conservation and utilization.
 Total energy consumption and production as per Form – A of the annexure to the Rules.
Form A for disclosure of particulars with regard to conservation of energy:

Power & Fuel Consumption (Rs In Lacs)
Electricity 2013-2014 2012-2013
Purchased 119.28 105.71
Through own generation 17.61 20.61
Consumption per unit of production (Units)

Product Electricity Own Generation
2013-2014 2012-2013 2013-2014 2012-2013
Calcium Powder & TPR 24.54 22.97 6.65 5.60
ESBO 2.57 2.10 1.80 1.57
Heat Stabilizer (TINMATE-201) 0.95 0.79 1.25 1.18
TECHNOLOGY ABSORPTION
Efforts made in technology absorption as per Form B of the Annexure to the Rules:
Research & Development (R & D)
a) Specific Areas in which R & D carried out by the Company: During the year, the company has
inclined its efforts in the development of its production efficiency by improving its methods and
technology.
b) Benefits derived as a result of above R & D: Increased in market share.
c) Future Plan of Action/Expansions Plans: As the relevant industry is gearing up to cater to the
growing demand, Vikas GlobalOne Limited, is all set to expand their business in a big way in the
coming years. The company is also progressive in installation of additional line to increase the
production of Polymer and Polyester Compound at its existing plant located at Shahjahanpur, Alwar,
Rajasthan.
With a host of expansion plans, the Company is confident of achieving new heights in the coming
years.
TECHNOLOGY ABSORPTION, ADAPTATION & INNOVATION:
Major initiatives are being taken to upgrade the various processes by making use of latest and better
techniques. Efforts are being made to make best use of available infrastructure and at the same time
importing new technology to bring out efficiency and economy. As a step towards it, the Company has
procured highly sophisticated machinery for its newly set up plant at Shahjahanpur, Rajasthan, for
commencing production of an additional range of Polymer Additives.
FOREIGN EXCHANGE EARNINGS AND OUTGO
During the year under review, expenses were incurred on import of technology, raw materials and
further expenses were incurred on foreign traveling of directors and other executives of the Company.
Earnings : Rs.290,436,000/-
Outgo : Rs. 410,090,370 /- (include both foreign expenses and Import purchases)

ANNEXURE ‘B’ TO DIRECTOR’S REPORT
Financial details of Subsidiaries pursuant to the approval under Section 212(8) of the Companies
Act, 1956 (Financial Year ended 31st March, 2014)
(Rs in Lacs)
Moonlite
Sigma Plastic Industries
Name of the Subsidiary Technochem Private
(Partnership Firm)
Limited
Capital 314.91 198.96
Reserve 140.03 Nil
Total Assets 2,460.27 1,794.82
Total Liabilities (Loans + Current
2,005.33 1,595.86
Liabilities)
Investment (Except in case of investment
Nil Nil
in subsidiaries)
Turnover (Including other income) 7, 575.14 2,950.25
Profit (Loss) before Taxation 47.16 58.08
Provision for Taxation (18.18) (15.62)
Profit (Loss) after Taxation 28.98 42.46
Proposed Dividend Nil Nil
Notes:
1) The Company hereby undertakes that annual accounts of the above said Subsidiaries and related
information will be made available to the holding and subsidiaries investors seeking such
information at any point of time.
2) The annual accounts of the above said Subsidiaries are ready for inspection by any investors in the
head office of the Company and that of the subsidiary's office.

Sd/-

CORPORATE GOVERNANCE REPORT
“ Creating an ethical culture means instilling and maintaining a commitment to doing

the right thing, this time and every time so much so that it becomes entwined in the
essential DNA of the firm”
Your Director present the Company’s Report on Corporate Governance in Compliance with
Clause 49 of the Listing Agreement executed with the Stock Exchanges.
Corporate Governance is an ethically driven business process and practices to ensure that the
affairs of the Company are being managed in a way which ensures accountability,
transparency, fairness in all its transactions in the widest sense and meet its stakeholder’s
aspirations and societal expectations. The Company’s philosophy on Corporate Governance is
to conduct business and its dealings with all stakeholders in compliance with laws and high
standard of business ethics for effective control and management system in an organisation,
which leads to enhancement of shareholders and other stakeholder’s value. The Board
considers itself as a Trustee of its shareholders and acknowledges its responsibilities towards
them for creating and safeguarding their wealth.
The Board and Management of the Company believes that Corporate Governance is the
commitment for compliance with all Laws, Rules and Regulations that apply to it with the spirit
and intent of high business ethics, honesty and integrity resulting in the effective control and
management system in the organisation leading toward the enhancement of shareholders and
other stakeholder’s value. It brings into focus the fiduciary and the trusteeship role of the
Board to align and direct the actions of the organisation towards creating wealth and
shareholder’s value.
VGL firmly believes in adopting the ‘best practices’ for sustainable development, increasing
productivity and competitiveness within the sector. The essence of Corporate Governance lies
in promoting and maintaining transparency and accountability in the higher echelons of
management. The demands of corporate governance require professionals to raise their
competence and capability levels to meet the expectations in managing the enterprise and its
resources effectively with the highest standards of ethics. Good governance practices stem from
the culture and the mindset of the organisation and at VGL we are committed to meet the
aspirations of all our stakeholders. Your company’s essential charter is shaped by the
objectives of transparency, professionalism and accountability. The Company continuously
endeavours to improve on these aspects on an ongoing basis.
CORPORATE GOVERNANCE PHILOSOPHY
VGL’s philosophy of Corporate Governance is based on preserving core values and ethical
business conduct. Corporate Governance is integral to the philosophy of the Company in its
pursuit of excellence, growth, and value creation. The Company's philosophy is to achieve
business excellence and optimize long term value for its shareholders on a sustained basis
through ethical business conduct. It envisages attainment of the highest level of transparency,
accountability and equity in all facets of its operations and all its interactions with
shareholders, employees, lenders and government

The company has a sound Corporate Governance mechanism in place built around following
principles :-
 Clear definition of roles and responsibilities of our Board of Directors leading to

decentralized decision making: Our Company’s framework is designed to enable the
Board to provide strategic guidelines for the company the effective over-sight of
management. The respective roles and responsibilities of Board Members and Senior
Executives are clearly defined to facilitate accountability to company as well as its
shareholders. This ensures a balance of authority so that no single individual has
unfettered powers.
 Rights and equitable treatment of shareholders: Organizations should respect the rights
of shareholders and help shareholders to exercise those rights. They can help shareholders
exercise their rights by openly and effectively communicating information and by
encouraging shareholders to participate in general meetings.
 Interests of other stakeholders: Organizations should recognize that they have legal,
contractual, social, and market driven obligations to non-shareholder stakeholders,
including employees, investors, creditors, suppliers, local communities, customers, and
policy makers.
 Role and responsibilities of the board: The board needs sufficient relevant skills and
understanding to review and challenge management performance. It also needs adequate
size and appropriate levels of independence and commitment.
 Integrity and ethical behaviour: Integrity should be a fundamental requirement in
choosing corporate officers and board members. Organizations should develop a code of
conduct for their directors and executives that promotes ethical and responsible decision
making.
 Disclosure and transparency: Organizations should clarify and make publicly known the
roles and responsibilities of board and management to provide stakeholders with a level of
accountability.
 Adopted a policy of making timely and balanced disclosures: We believe in disclosure of
all material matters concerning the company to all investors. The announcements about
the company are based on factual details and presented in a clear and balanced way on
regularly on its website and also to the regulators.

Customer Relationship Management
VGL’s engages itself in extending continuous support to all its stake holders including
customers and it is regarded among its customers for its professionalism. Under its Customer
Relationship Management (CRM) programme, the Company has started to offer
services/support to customers in selected areas such as Operation & Maintenance, R&D
Finance etc with the explicit objective of overall growth.
Undivided Commitment towards Society

VGL’s has been a committed and socially responsible corporate citizen since its inception. The
Company has also formulated and adopted Corporate Social Responsibility-Community
Development (CSR-CD) policy for taking up CSR activities in areas adjoining the power
stations. This Committee will address the niche domains of social development at national level
through strategic interventions.
Our Board exercises its fiduciary responsibilities in the widest sense of the term. Our
disclosures seek to attain the best practices in international corporate governance. We also
endeavor to enhance long-term shareholder value and respect minority rights in all our
business decisions.

BOARD OF DIRECTORS
Composition of Board
The composition of Board of Directors of the Company is in conformity with Clause 49 of the
Listing Agreement with the Stock Exchanges, which stipulates that a Company shall have an
optimum combination of Executive and Non-Executive Directors, The Board of Directors of the
Company consists of 9 members. Two of the Directors, i.e. the Managing Director & Whole
Time Director, are Executive Directors & rest of the seven Directors are Non- Executive
Directors, who brings a wide range of skills & experience to the Board.
Composition and the category of the Directors as on 31st March, 2014 are as follows:
S.N Name of Director Designation Position

o.
1. Vikas Garg Director Promoter- Managing Director
2. Vivek Garg Director Promoter - Whole-Time Director
3. Narender Kumar Garg Director Independent-Non Executive
4. Purushottam Dass Bhoot Director Independent-Non Executive
5. Sumer Chand Tayal Director Independent-Non Executive
6. Jagdish Capoor Director Independent-Non Executive
7. Pradip Kumar Banerji Director Independent-Non Executive
8. Manoj Singhal Director Independent-Non Executive
DIRECTORS PROFILE
Brief profile of all the Directors, nature of their expertise in specific functional areas and the
names of the companies in which they hold directorships are provided below:
MR. VIKAS GARG, 41 years is a Commerce Graduate from Delhi University and Promoter-
Executive and Managing Director of the company.
He holds the directorship in the Company since 1992-93. He heads the company and provides
strategic direction and guidance to all the activities of the company. He possesses rich
experience of more than 18 years in the line of polymer compounds and chemicals. He
spearheaded the Group’s diversification into polymer compounds and chemicals and has been
instrumental in getting distribution rights from various global giants. He had utilized his
experience of the trading field to route his efforts in the manufacturing direction thereby
establishing two manufacturing units one in Jammu and other in Rajasthan. His vision is to
make Vikas GloablOne Limited the fastest growing company in the field of polymer compounds
and speciality additives.
Since Inception, the Company had crossed several milestones in its journey towards being a
truly world class organisation and has registered an exponential growth and consistently
making profits. Under his leadership, company has shown consistent business growth and
profitability. In addition, he continues to shoulder several other corporate responsibilities and
playing a major role in the company.
Ha was instrumental in commencement of commercial production of PVC Heat Stabilizers in its

manufacturing facility situated at Samba, Jammu & Kashmir in collaboration with Sino-

France Hozhou Chemical Company Limited, China, first of its kind facility in India aiming at
manufacturing of import substituted products. It is the first fully Integrated Methyl Tin
Stabilizer manufacturing facility in the India, which is equipped to produce quality material
that is comparable to any of the international Brands.
His courage is reflected by the way he ventured into the business of speciality chemicals from
scratch at a very young age. In 2010, he had directed his efforts to include a new product in
the kit of the company, thereby starting the production of Expoxidized Soyabean Oil – PVC
Plasticizer & Co- Stabilizer under the brand name of ADD FLEX to the range of products being
offered to the industry; which again is a first in the Northern India region. It’s manufacturing
facility is located at Shahjahanpur, Rajasthan. ADD FLEX – ESBO Plasticizer, is made from
agriculture products thus acting as substitute of crude oil based other plasticizers like
DOP/DBP etc.
Since then there was no looking back. He is adventurous and does not hestitate to look beyond
teh boundaries. He strongly believes in “ NO RISK NO GAIN”. It is because of his risk taking
ability he had lead the company to great heights and continuing further. Under his leadership
company has increased its installed capacity of TPR Compounding to many folds in a short
span of years.
He possesses the ability to sail his company through rough weathers, which is evident of his
impeccable quality of courage and optimism. He believes true essence of running business lies
in building and maintaining relations.
He is a leader in true sense and stands not only for his cause but takes responsibility and
motivates other individuals also. He considers his employees as his assets and work with them
as a team. The leadership quality of his has made the employees to have long association with
the company therby reducing the attrition rate.
His Strategic direction and Innovative ideas helped the company to have a global impact and
gearing up to cater to the growing demand. Under his guidance, company is all set to expand
its business in a big way in the coming years. He is targeting impressive growth plans by
increasing the production setup. Under his leadership and with a host of expansion plans, the
company is confident of achieving new heights in the coming years.
He also hold directorship in Vikas Polymerland Pvt. Ltd. & Pride Buildtech Pvt. Ltd. & Moonlite
Technochem Pvt. Ltd. & Vikas Utilities Pvt. Ltd.
He is the Chairman of the Executive Committee and Members of Risk Management Committee,
Nomination Remuneration Committee, Compensation Committee, Corporate Social
Responsibility Committee.
MR. VIVEK GARG, 39 years is a Commerce Graduate and Promoter-Executive and Whole-
Time Director of the company.
He has in-depth knowledge of the business of the company and contributes for the overall
working of the company with his 16 years of rich experience. He is supervising the operation of
the company pertaining to the Real Estate, Logistics, Administration and Purchase Segments.

He also hold directorship in Triveni Bhoomi Vikas Pvt. Ltd., Maharaja Agarsen Academy Pvt.
Ltd., A.G. Agrotech & Power Pvt. Ltd. , Vikas Utilities Pvt. Ltd. , Pride Buildtech Pvt. Ltd. ,
Vikas Polymerland Pvt. Ltd. , Vikar Surya Buildwell Pvt. Ltd.
He is a member of Stakeholder Relationship Committee, Equity Warrant Committee and

Executive Committee.
MR. NARENDER KUMAR GARG, 65 years holds Masters Degree in Political Science and
History and an Independent & Non- Executive Director of the Company.
He has vast experience while serving on the Board of JBG Indraprastha Developers Pvt. Ltd.,
Super Bazaar (The Cooperative Store Ltd), New Delhi, and acts as a Chairman of the
Disciplinary Committee of Super Bazaar. He was also the member of Azadpur Mandi
Committee, Delhi Government. Addition to that he was appointed as an arbitrator with the
registrar of Co- operative Societies, Delhi Government.
He is a Managing Director in ISG Securities and Finance Pvt. Ltd. an NBFC and Director of
JBG Indraprastha Developers Pvt. Ltd., 365 Labels Private Limited, GBG Estate Developers
Private Limited, Moonlite Technochem Pvt. Ltd. He is also acts an arbitrator in the Quasi
Judicial cases in the Registrar of Cooperative Societies, Delhi, the Chairman of the Disciplinary
Committee, Azadpur Committee, Delhi Government a member of the Azadpur Mandi
Committee, Delhi Government.
He is the Chairman of Audit Committee, Corporate Social Responsibility Committee Equity

Warrant Committee, Nomination Remuneration Committee and Compensation Committee and
member of the Stakeholder Relationship Committee, Risk Management Committee, Executive
Committee.
MR. PURUSHOTTAM DASS BHOOT, 85 years is Law Graduate and Company Secretary is
Independent & Non- Executive Director of the company.
He has a vast experience in handling legal and secretarial assignments during his association
with Bazaloni Groups Ltd. He is providing a valuable support in Legal and Secretarial matters
of the Company since 1994
He is also on the board of Bhatkawa Tea Industries Ltd.
He is the member of the Audit Committee of the Company.
MR. SUMER CHAND TAYAL, 68 years is a Civil Engineers and an Independent & Non-
Executive Director of the Company.
He during his association with Delhi Development Authority has gained rich experience in
Materials Management for executing various construction /Development Projects. He is on the
board of the company since 2006 and is advising the company on various projects under real
estate Segment and plays a major role toward execution of new projects of the Company.
He also holds directorship in Moonlite Footcare Pvt. Ltd.

He is the Chairman of Stakeholder Relationship Committee and Member of the Audit
Committee, Equity Warrant Committee, Compensation Committee, Corporate Social
Responsibility Committee of the Company.
MR. JAGADISH CAPOOR, 75 years holds Masters Degree in Commerce from Agra and is a
Fellow member of the Indian Institute of Banking and Finance. He is an Independent & Non-
Executive Director of the company.
He has vast experience of over 45 years. He has formerly been a Deputy Governor of RBI and
has also been a member on the boards of several banks, e.g. Bank of Baroda, State Bank of
India, National Housing Bank, NABARD, Exim Bank, and HDFC Bank (as Chairman), and also
on the board of Bombay Stock Exchange (BSE).
He is also on the boards of Indian Hotel Co. Ltd, LIC Pension Fund Ltd, LICHFL Trustee Co.
Pvt. Ltd., Entegra Limited, Atlas Documentary Facilitators Company Pvt. Ltd., Asset Care &
Reconstruction Enterprise Ltd., Quantum Trustee Co. Pvt. Ltd., Mannapuram Finance Ltd, ,
LIC Housing Finance Limited, Nitesh Estates Limited, HDFC Securities Limited. He is also
associated with Indian Institute of Management, Indore as a member of Board of Governor.
MR. PRADIP KUMAR BANERJI, 72 years is a post graduate in economics from Lucknow
University. He is an Independent & Non-Executive Director of the company.
He was the member of Indian Administrative Service, 1966 batch, West Bengal. He has also
served on the senior level position in the Government of India like Finance Secretary and State
Governments like Secretary to the governor of West Bengal. He has gained rich experience in
the field of Finance, Industry, Foreign Trade, Foreign Investment while his association with the
World Bank, Asian Development Bank, IFC, European Union, ICAO etc. The Company is
benefitted by his Global connections and financial analytical capability, which includes
feasibility study for the new project.
He has also been awarded Padma Shri in 1972 for his outstanding public service. Also he has
been awarded Medal of Honor by the Soviet Chamber of Commerce and Industry in 1984.
He is the Chairman of the Risk Management Committee and member of Nomination

Remuneration Committee.
MR. MANOJ SINGHAL, 58 year is a Commerce Graduate from Punjab University and an
Independent & Non- Executive Director of the Company.
He launched a dream journey of his own. He has justified the true spirit of the motto, by
achieving where he has reached continuing to aspire & achieve more. Starting his business
career in packaging industry and with an innovative and inquisitive mind having in built
momentum for taking challenges in life, ventured into high technology industry for
manufacturing of Precision Metallic Coil Spring at Gurgaon in 1991.
He has spread world class quality education of rural poor children at affordable price by
associating in the capacity of president with Mohinder Singh Syngle Education and research
Society New Delhi. Apart from academics, thrust is given on development of personality, Indian
value system and secularism amongst students, in these institutes. He has widely travelled all
over the globe on Business Mission, International Trade & Business Conferences. His

versatility is depicted through his immense contribution made on the education and Social
Cultural & Sports front by associating with various educational institutions, trusts and
committees. In view of the background and vast experience, the Board considers his
association as a Director will be beneficial to and in the interest of the Company.
He has also contributed on social Cultural & Sports and is associated with the President –
Punjab Amateur Atheletic Association, Distt. Sangur, Punjab, Vice president –Shree Dharmic
Lila Committee (Regd), Trustee –Sri Bhagwati Rakta Chumunda Trust, Kangra, H.P., Vice
Chairmen- Shirdi Sai Baba Temple Society & Sai Education Trust, Associate Member – Indian
Habitat Centre, New Delhi and others.
He is the Chairman and Managing Director of MM Auto Industries Limited and MM Asan Auto
Limited. He is also a Director in M N M Asset Reconstruction company Limited, Hitkari
Automobiles Private Limited, MNS Auto Industries Limited, MM Apartments Private Limited,
MM Apartments N Infrastructure Private Limited, MM Vidyut Private Limited, Triveni Bhoomi
Vikas Private Limited, MM Infosystems Private Limited. He hold professional membership in
the Managing Committees, PHD Chamber of Commerce & Industry, MM Phsyi- Health Care
MEETINGS OF THE BOARD
The Board of Directors meets regularly to review strategic, operational and financial matters of
the Company and has a formal schedule of matters reserved for its decision. It approves the
interim and preliminary financial statements, the annual financial plan, significant contracts
and capital investment along with strategic decisions like restructuring of business etc.
wherever appropriate the Board delegates its authority to Committees of Directors like: Audit
Committee, Stakeholders Relationship Committee, Risk Management committee, Nomination
Remuneration Committee and Equity Warrant Committee. Information is provided to the Board
in advance of every meeting.
During the Financial Year 2013-14, 5 (Five) Board meetings were held. The maximum gap
between two Board Meetings was less than four months ensuring compliance with Clause 49 of
the Listing Agreement of Stock Exchanges and the Companies Act, 1956. Below mentioned
table specifies the dates on which the board meetings were held:
DETAILS OF BOARD MEETINGS

S. Date of Board Meetings(During the Financial Year 2013-14)
No.
1 30-05-2013
2 14-08-2013
3 14-11-2013
4 07-02-2014
5 15-03-2014

Following are the details of attendance of Directors at the aforesaid Board Meetings held during
the financial year 13-14
Name of Directors No. of Board meetings held during the tenure No. of Board meetings
of the directors attended
Vikas Garg 5 5
Vivek Garg 5 5
Purushottam Dass Bhoot 5 4
Pradip Kumar Banerji 5 4
Jagdish Capoor 5 1
Sumer Chand Tayal 5 5
Narender Kumar Garg 5 5
Manoj Singhal 5 2
Brij Behari Tandon 2 2
Nand Kishore Garg 2 2
BOARD LEVEL COMMITTEES
I. AUDIT COMMITTEE
The audit committee has been mandated with the same terms of reference as specified in
Clause 49 II of the Listing Agreement with the Stock Exchanges. The present terms of
reference also fully conform to the requirement of Section 292A of the Companies Act,
1956.
The Audit committee reviews with the management and also with the statutory and
internal auditors, all aspects of the financial results, effectiveness of internal
audit/processes, taxation matters and other key areas. The Audit Committee also
recommends the appointment and remuneration of the Internal Auditors and Statutory
Auditors to the Board, considering their independence and effectiveness.
During the Financial Year 2013-2014, 4(four) Audit Committee were held. Below
mentioned table specifies the dates on which the Board meetings were held:
Details of Audit Committee Meeting

S.No. Dates of the Meeting (During the Financial Year 2013-2014)
1 28th May, 2013
2 13th August, 2013
3 14th November, 2013
4 6th February, 2014
The Composition, Category record during the year is as under:
S.No. Name of the Members Designation Category

1 Narender Kumar Garg Director Chairman
2 Sumer Chand Tayal Director Member
3 Purushottam Dass Bhoot Director Member

The scope of activities of Audit Committee includes the following:
 Committee must meet at least once in every quarter or more often if warranted and
invite members of management or other required persons to attend the meeting for
obtaining significant information from them.
 Ensure the prudence of external auditor and neutrality of internal auditor.
 Evaluation on regular basis the adequacy of internal audit function to ensure the
complete coverage of audit, reduction of redundant efforts and effective utilization of
audit resources.
 Review Company’s accounting policies, internal accounting controls, financial and
risk management policies and such other matters as the committee deems
appropriate.
 Review Company’s compliance with prescribed and applicable accounting
standards.
 Validate related party transactions.
 Validate compliance with disclosure requirements.
 Review and validate Directors report’s financial aspects.
 Analyze with independent auditor the effectiveness and completeness of internal
controls which includes the IT systems and security.
 Discussion with independent auditor and internal auditor regarding
 Any substantial findings during the year including the status of previous
recommendations.
 Significant internal control weaknesses found by auditors
 Any adversity faced by the auditor’s during their work including restriction on
scope of activities and access to information.
 Any modification in the scope of pre-decided internal audit plan.
 Regular reporting to board of directors on significant findings and ongoing activities.
 Obtaining regular updation from management on status of risk identification and its
management.
 Based on above cast a view on the systems and processes related with accounting
and financials.
As required in terms of the Listing Agreement of Stock Exchanges, the Audit Committee has
reviewed the following information:
 Management Discussion and analysis of financial condition and results of
operations.
 Statement of significant related party transactions submitted by the management.
 Internal Audit Reports
 Appointment, removal and terms of remuneration of the internal auditors.
II. EXECUTIVE COMMITTEE
The Board constituted the Executive Committee and is empowered to make and
implement major organizational decisions. The executive committee acts as an overseer
of organizational activities and has the authority to request justification of certain
matters as well as to plan activities.
During the Financial Year 2013-2014, 6(Six) Executive Committee were held. Below

Details of Executive Committee Meeting
S.No. Date of Meetings (During the Financial Year 2013-2014)
1 30th April, 2013

2 22nd August, 2013
3 11th September, 2013
4 28th October,2013
5 22nd November, 2013
6 19th February, 2013
The composition of Executive Committee during the year is as under:
S. No. Name of the Members Designation Category

1 Vikas Garg Director Chairman
2 Narender Kumar Garg Director Member
3 Vivek Garg Director Member
The scope of the activities of Remuneration Committee includes the following:
 To exercise all of the powers and authority of the Board of Directors to the
management of the business and affairs of the Company, subject to applicable laws, in
the interim between meetings of the Board of Directors;
 To take decisions with regard to the following:
 Major short term operations, and cash and banking operations related to the
Company
 In its responsibility for the daily management of the Company, the Executive
Committee takes decisions for major engagements and commitments, not reserved
for the Board.
 To authorize Directors and / or officials of the Company to execute agreements, deeds,
documents and writings as may be required time to time for the purpose of executing
various business transactions, and to do and perform all such acts, deeds, matters and
things as may be necessary.
 To exercise all or part of daily management of the Company and supervision of
subsidiaries and companies linked to the Group;
III. COMPENSATION COMMITTEE
The Board constituted Compensation Committee in order to comply with the provisions of
Clause 49 of the Listing Agreement. The role of the compensation committee is to set
appropriate and supportable pay programs that are in the organization’s best interests
and aligned with its business mission and strategy.
During the Financial Year 2013-2014, 1(one) Compensation Committee were held. Below

Details of Compensation Committee Meeting
S. No. Date of Meetings (During the Financial Year 2013-2014
1 31st March, 2014
The composition of committee during the year is as under:

3 Vikas Garg Director Member
The scope of the activities of Remuneration Committee includes the following:
 Determine compensation policy

 Determine CEO compensation including salary, incentive and equity based awards.
 Compensation for elected officers and directors.
 Annual performance evaluation
IV. STAKEHOLDERS RELATIONSHIP COMMITTEE
The Board has constituted Stakeholder Relationship Committee. The Committee

expedites the process of redressal of shareholders complaints like non-transfer of shares,
non-receipt of balance sheet, non- receipt of any dividend etc. The committee meets at
such intervals as may be deemed fit keeping in view the quantum of transactions received
during the period.
The Composition record during the year is as under:

1 Sumer Chand Tayal Director Chairman
The Company addresses all complaints and grievances expeditiously and replies are sent/
issues resolved usually within fifteen days, unless there is a dispute or other legal
constraints.
The Shareholders Grievance Committee reviews summary of complaints received and

appropriate action is taken promptly.
The scope of activities of Shareholders Grievance Committee includes the following:
 Orchestrate efficacious system in consonance with statutory guidelines to ensure

speedy disposal of requests/ grievance received from shareholders.
 Oversight over the redressal of shareholders and investor complaints e.g. transfer of
shares, non receipt of balance sheet, non receipt of declared dividend etc.
 Dwell in greater depth on the issues of investors’ complaints and grievances.

 Analytical and comprehensive review of the reports submitted by Registrars & Share
Transfer agents of the Company,
 Review the company report on the functioning of said investor grievances redressal
machinery.
 Follow up implementations of suggestions for improvement.
 Authorize Issue of duplicate certificates in place of original certificate.
 Approve and effect transmission of shares arising as a result of death of the sole/
anyone joint shareholder.
 Regular review of statutory guidelines, quality and best in class practices of the
grievance redressal system to ensure its continuing efficacy and thereby enhancing
shareholders’ satisfaction.
 Periodically report to Board about serious concerns, if any.
Status of Investor Complaints as on March 31, 2012 and reported under Clause 41 of the
Listing Agreement are as under:
Complaints as on April 1, 2013 : Nil

Received during the year : Nil
Resolved during the year : Nil
Pending as on March 31, 2014 : Nil
V. NOMINATION REMUNERATION COMMITTEE
The primary purpose of this committee would be to ensure that directors and executives are
fairly rewarded for their individual contribution to company’s performance without any
personal interest and also keeping other stakeholders’ as well as company’s financial and
commercial health intact. Committee shall also serve as party to monitor and strengthen
the objectivity and credibility of directors and executives’ remuneration system and also
making recommendation to the board on remuneration package and policies applicable to
directors.
S. Name of the Members Designation Category

No.
2 Pradip Kumar Banerji Director Member
The scope of the activities of Nomination Remuneration Committee includes the following:
 Determination of Company’s policy on specific remuneration package for executive and

non-executive directors including pension rights and compensation payment.
 Orchestrate the performance targets and deliverables of the positions for which the
Remuneration Committee is authorized to set remuneration and correlate with the
delivered performance.
 Monitor and review the compensation (including salaries and salary adjustments,
incentives/benefits bonuses, stock options, deferred compensations) periodically.

 Review and approve proposed terminal payments for those who directly report to the
Managing Director and Chief Executive Officer.
 Review and recommend to the Board any changes in remuneration policy required, if
any.
VI. EQUITY WARRANT COMMITTEE
The Equity Warrant Committee has been constituted for the purpose of better corporate
governance and for smooth operations of conversion of equity convertible warrants.

The quorum for a meeting of Equity Warrant Committee, duly convened and held, shall
be one third of the total number of members or two members, whichever shall be higher.
The Equity Warrant Committee will be authorized to convert the convertible warrants,
issue and allot resultant equity shares, subject to such conditions or modifications that
may be imposed, required or suggested by the Securities & Exchange Board of India (the
SEBI), Stock Exchange(s) or other authorities and to settle all questions or difficulties
that may arise with regard to the aforesaid in such manner as it may determine in its
absolute discretion and to take such steps and to do all such acts, deeds, matters and
things as may be required, necessary, proper or expedient.
VII. RISK MANAGEMENT COMMITTEE
The Board has further constituted Risk Management Committee with the object to
examine and supervise the management for all the risk that can affect the company’s
objectives, business, its sustainability and reputation. The Committee will also be
responsible for spreading awareness about the possible risks and taking appropriate and
timely steps to mitigate it. Risks include Credit risk, Market risk, Operational risk,
Reputation risk and also Macro Economic risk.
The Composition record during the year is as under:

1 Pradip Kumar Banerji Director Chairman
The scope of activities of the Risk Management Committee is as under:
 Ensure that the identification and evaluation of key risks that threaten achievement of
the company’s objectives is carried out, and that a register of these risks is maintained.
 Monitoring and managing the credit risk, market risk, operational risk, macroeconomic
risk and other risk of the company.

 Review and assess the quality, integrity and effectiveness of the risk management
framework with a view to ensure that the risk policies and strategies are efficaciously
and effectively operated.
 Ensure implementation of an effective ongoing process to identify risk, measure
potential impact and activate what is necessary to pro-actively manage risks, and
decide the company’s appetite or tolerance for risk.
 Ensure that a systematic, documented assessment of the processes and outcomes

surrounding key risks is undertaken periodically (at least annually) for the purpose of
assessing the efficacy of risk management.
 Oversee formal reviews of activities associated with the effectiveness of risk
management and internal control processes.
 Monitor external developments relating to the practice of corporate accountability and
the reporting of specifically associated risk, including emerging and prospective impacts
 Report regularly to the Board and Audit committee on risk areas and measures to
mitigate it.
 Contribute to raising awareness of risk across the company and to maintaining the
profile of risk management.
 Address such other matters related to risk as may arise from time to time.
VGL Philosophy of Corporate Governance
At VGL’s we pride ourselves for being a “Catalyst in making decisions which would enable
growth of the company at better terms”. We would like to be known as a Company that
maintains very high standards of Ethical Integrity and Fairness while keeping total focus on
Performance, thus contributing to the overall wellbeing of all our stakeholders including
Customers, Shareholders, Employees, Vendors, Community and the Government.
Our Corporate Governance philosophy envisages attainment of the highest levels of Integrity,
Accountability, Performance, Ethical Behavior and Equity in all facets of our Operations. We
believe that the practice of each of these elements will create the right corporate culture,
empower our employees and ensure sustainability of our Operations.
We have an independent and well-informed Board of Directors (and its Remuneration and
Audit Committees) at the core of our Corporate Governance practice. They oversee how the
management and all employees serve and protect the long-term interests of all our
stakeholders.
Our employees including the Board of Directors actions are governed by our “Code of Conduct
& Ethics Policy “as enumerated below.
VGL’s Code of Conduct & Ethics
We in VGL believe that good business practices and ethics go together to produce best long
term results for all our stakeholders. We take our responsibility and reputation as a good
corporate citizen seriously.
We are proud of our values and their effect on how we do our business. This Code of Conduct
& Ethics Policy sets forth legal & ethical standards that apply to all employees of VGL.

The purpose of this document is to articulate the high standards of honest, ethical and law
abiding behavior expected of every employee and encourages the observance of these standards
to protect and promote the interests of all stakeholders.
We would implement this Code over a period of time, starting with an internal implementation
as a first step. All employees are expected to follow this code fully and are encouraged to report
any non-observances.
Standards for Conduct of Business
1. Ethical and Honorable Conduct
All employees shall deal on behalf of the Company with professionalism, honesty, integrity as
well as high moral and ethical standards. Such conduct shall be fair and transparent and be
perceived to be as such by third parties.
Employees are expected to deal with other colleagues in an honorable and respectful manner,
without any gender bias / harassment. All employees, vendors and service providers should be
selected on merit, without any conflict of interest or favoritism. Appropriate disclosures should
be made wherever required to maintain transparency.
2. Legal / Regulatory Compliance
All employees shall at all times ensure compliance with all the relevant laws and regulations
affecting operations of the Company. They shall keep abreast of the latest developments in
relevant laws, rules and regulations related to their area of work.
3. Fair Dealings and Equal Opportunities
VGL respects human rights and encourages fair dealing (nondiscriminatory) across all levels
and to all stakeholders. There shall be no discrimination on grounds of race, religion, gender,
place of origin or caste. Accordingly, the Company expects each employee to deal fairly and
with equality with other employees, customers, shareholders, suppliers, competitors, auditors,
lawyers, creditors and advisers of the Company and encourage others to do the same.
4. Business Interests
An employee shall not engage in any business, relationship or activity, which might conflict
with the interest of the Company. All are expected to devote full attention to the business
interests of the Company, and are prohibited from engaging in any other activity that interferes
with their official performance of responsibilities to the Company or is otherwise in conflict with
or prejudicial to the Company.
5. Transparency
All employees shall ensure that their actions in the conduct of business are totally transparent
except where the needs of business security dictate otherwise. Such transparency is brought
about through appropriate policies, systems and processes which they are expected to follow
fully.

6. Company Resources
All the assets of the Company (both tangible and intangible) shall be deployed for the purpose
of conducting the business for which they are duly authorized for. None of these should be
misused or diverted for any personal commercial use or benefit, unless such use is allowed
under the terms of employment.
7. Intellectual Property Rights
All inventions and innovations during course of business should belong to the Company. These
include new products, processes, services that get developed while working on various
assignments. Every employee should take precaution to prevent any loss of such IP rights, by
keeping things confidential & safe and reporting to Legal Manager for applying for Patent,
Trademark and Copy Rights.
8. Corporate Opportunities
All employees should ensure that Company does not lose any benefit accruing to it by
negligence or delay in action. Any benefit accruing to the Company should be used only for
Company purposes. There should not be any direct personal gain arising out of it. However, in
specific instances where there are some indirect benefits accruing to employee(s), specific
approval should be obtained or granted.
9. Cost Consciousness
All employees are expected to strive for optimum utilization of available resources. They shall
exercise due care to ensure that all costs incurred are reasonable and there is no wastage of
resources. Every time a cost is incurred, proper evaluation of such cost vs benefits should be
done, as if the expenditure was being incurred for self. Proper approvals as per Company
policies should be taken before any costs are committed.
10. Company Records
The Company records should be maintained in such a way that they are in full compliance
with all rules, laws and regulations. Adequate precautions should be taken to protect them
from falling into wrong hands, which could harm Company’s business interests. They should
be kept up to date and free from any misleading or wrong information. Important records
should be stored in a safe place and properly marked.
11. Confidentiality
Employees come across a number of confidential information which may take many forms.
They must take proper care of such information and ensure that it is not misused in any way
which is detrimental to the Company’s business or used for own commercial benefit. They
must also not disclose actions or activities relating to our business operations to outsiders,
unless they concern or impact them.

Employees who have access to proprietary and confidential information must take precaution
to keep it confidential. Information should be disclosed on a NEED TO KNOW basis to people
who need to know such information.
The Company has procedure for entering into confidentiality agreements with various vendors,
which shall be executed before any information is shared with them.
An employee is expected to accept only such information that is necessary to accomplish the
purpose of receiving it, and not for any other purpose.
12. Products and Advertising
All products should be of promised content and quality. Advertising should be within law and
shall be honest.
13. Company Reporting and Communications
All information reported or communicated by the Company should be factually correct,

complete and accurate. Proper cautionary statements shall accompany wherever necessary, to
avoid any misunderstanding or any unintended harm.
14. Interaction with Media
Only MD and persons officially designated for such interactions should engage with any
member of press and media in matters concerning the Company. Any requests for interaction
should be directed to such authorised persons.
15. Competition
VGL believes in fair and ethical competition. No employee shall use any illegal or unethical
means to obtain any information about competition or to take any business from competition
by any misrepresentation or by giving wrong facts to the customer(s).
16. Community Activities
In order to ensure fairness and avoid any adverse impact on business, all community activities
under VGL name shall be properly authorized before they are undertaken by any employee.
Such activities should be unbiased, should not be related to promoting any religion and shall
not harm any business interests of the Company.
17. Government Support and Taxes
VGL is committed to be an honest citizen. All employees are expected to provide full support to
any Government initiatives, investigations and compliance requirements. All due taxes shall be
computed properly and paid on time. Proper disclosures should be made wherever there is lack
of full clarity and an opinion is formed.

18. Political Contributions
VGL believes in fairness and equality. In order to avoid any conflicts and political alignments,
VGL shall not participate in any political activities or contributions.
19. Gifting and Entertainment
VGL and its employees shall neither receive nor offer or make, directly or indirectly, any illegal
payments, remuneration, gifts, donations or comparable benefits that are intended, or
perceived, to obtain uncompetitive favors for the conduct of its business.
The employees may however accept and offer nominal gifts during course of the business,
provided such gifts are customarily given and are of a commemorative nature, such as Diaries,
Calendars and other Stationary items. Employees may also attend and take others out for
normal or customary business lunch, dinner and functions. These should however not impact
or compromise objectivity and fairness of an employee to take Company decisions.
20. Health, Safety and Environment
VGL shall strive to provide a safe, healthy, clean and ergonomic working environment for its
people and guests who visit it. It shall also strive to prevent any wasteful use of natural
resources (incl. water) and is committed to help in improving the environment. Wherever
feasible it will reduce, replace, recycle or regenerate articles consumed in its operations.
DISCLOSURES
 Details on materially significant related party transactions

There are no materially significant related party transactions during the year that have
potential conflict with the interests of the Company at large. Other related party
transactions are given in the Schedules annexed to and forming part of the accounts for
the year ended March 31, 2014.
 Disclosure of Accounting Standards in preparation of financial statements

The Company has followed the Accounting Standards as prescribed by the Institute of
Chartered Accountants of India in preparation of financial statements.
 Details of non compliance by the Company, penalties, strictures, imposed on the

Company by the Stock Exchange or SEBI
The Company has complied with the requirements of listing agreements of Stock
Exchanges. Consequently, no non-compliance or penalties imposed on your company
by Stock Exchanges or SEBI or any statutory authority or any matter related to capital
markets during the year.
 Whistle Blower Policy

Your Company has adopted a Whistle Blower Policy which is permanently posted on the
Company’s intranet. All issues raised under the Whistle Blower Policy are directly
reported to the Chairman of the Company’s Audit Committee and no personnel has
been denied access to the Audit Committee.

The Company had complied with all the mandatory requirements and most of the non-
mandatory requirements specified in the revised Clause 49 of the Listing Agreement.
SECRETARIAL AUDIT
In line with the highest standards of Corporate Governance adopted by the Company and also to
ensure proper compliance with the provisions of various corporate laws, regulations and guidelines
issued by the Securities and Exchange Board of India and the Listing Agreement, the Company
has voluntarily started a practice of Secretarial Audit from a Practicing Company Secretary.
An audit report issued by M/s. Loveneet Handa & Associates, Company Secretaries, in respect of
the secretarial audit of the Company for the financial year ended 31 March 2014, is provided
separately in the Annual Report.
MEANS OF COMMUNICATION
Half Yearly & Quarterly Results
The Company regularly intimates the Stock Exchanges regarding the Audited Financial Results
as well as the Unaudited Results for every quarter of the Company. The results of the Company
are published in one English and one Hindi newspaper as per the requirement of Clause 32 the
Listing Agreement with the Stock Exchanges.
GENERAL INFORMATION FOR MEMBERS
Annual General Meetings Details

Date 29th September, 2014
Venue Haryana Maitri Bhawan, Pitampura, New Delhi-110027
Time 11:30 A.M
Book Closure Dates 23rd September, 2014 to 29th September, 2014
Dividend Payment Date On or after 29th September, 2014

MANAGEMENT DISCUSSION AND ANALYSIS REPORT
Management Discussion and Analysis Report forms part of the Reports of Board of Directors
REGISTRARS & SHARE TRANSFER AGENT (RTA)

Alankit Assignments Limited
Alankit House, 2E/21, Jhandewalan Extension, New Delhi-110055
ADDRESS FOR CORRESPONDENCE

1. Company Secretary
Vikas House, 34/1, East Punjabi Bagh, New Delhi-110026
2. Registrar & Share Transfer Agent

Alankit Assignments Limited, 2E/21, Jhandewalan Extension, New Delhi-110055
COMPLIANCE OFFICER
Mr. Sunil Malik, Company Secretary, is the Compliance Officer under Clause 47 of the Listing
Agreement with Stock Exchange.
DEMATERIALIZATION OF SHARES AND LIQUIDITY
The Shares of the Company are required to be traded in dematerialized from and are available
for trading under both the Depository Systems in India- NSDL and CDSL. The International
Securities Identification Number (ISIN) allotted to the Company’s Share under Depository
System is INE806A01012. The annual custody fee for the financial year 2014-15 has been paid
to NSDL and CDSL, the Depositories. In the Company, 98.40% (percent) of shares of the
Company have been dematerialized as on 31st March, 2014.
LISTING OF SHARES ON STOCK EXCHANGES
National Stock Exchange of India Limited, Exchange Plaza, C-1, Block-G, Bandra –Kurla
Complex, Bandra (E), Mumbai- 51.
Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001
The Delhi Stock Exchange Association Limited, DSE House, 3/1, Asaf Ali Road, New Delhi-
110 002
STOCK EXCHANGE CODE
ISIN NO: INE806A01012
National Stock Exchange of India Limited: VIKASGLOB
The Bombay Stock Exchange Limited: 530961

The Delhi Stock Exchange: 530961

FINANCIAL CALENDAR
Financial Year 2013-2014

First Quarter Results June, 2013
Second Quarter and Half-Year Results September, 2013
Third Quarter Results December, 2013
Fourth Quarter and Annual Results March, 2014
GENERAL BODY MEETINGS
Details of last three Annual General Meetings were held at:

Financial year Date Time Venue
Wednesday,the28 th 11:30 A.M. Haryana Maitri Bhawan, Pitampura, New
September,2011 Delhi
Thursday, the 27 September,
th 11:30 A.M. Haryana Maitri Bhawan, Pitampura, New
2012 Delhi
Friday, the 27 September,
th 11:30 A.M. Haryana Maitri Bhawan, Pitampura, New
2013 Delhi
No Special Resolutions was passed in the last Annual General Meeting.
ADDRESS FOR CORRESPONDENCE WITH DEPOSITORY
NATIONAL SECURITIES DEPOSITORY LIMITED
Trade world, “A” Wing, 4th floor, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel,
Mumbai 400 013
Telephone: 022-24994200, Facsimile: 022-24976351, E-mail: info@nsdl.co.in,
Website:www.nsdl.co.in
CENTRAL DEPOSITORY SERVICES (INDIA) LIMITED
Phiroze Jeejeebhoy Towers , 17th floor, Dalal Street, Mumbai 400 001
Telephone: 022-22723333, Facsimile: 022-22723199/2072, E-mail: investor@cdslindia.com,
Website: www.cdslindia.com
SHARE TRANSFER SYSTEM
Shares lodged with the Registrar’s office are usually processed within 15 days from the date of
lodgment, if the documents are clear in all respects. All requests for dematerialization of
securities are processed and confirmed within 15 days.

DISTRIBUTION OF SHAREHOLDING AS ON 31ST MARCH, 2014
Shareholding of nominal Share/Debenture holders Share/ Debenture Holding

value
In Rs. Number %age Shares %age
1 To 5000 709 70.970 802683 0.789
5001 To 10000 73 7.307 599504 0.590
10001 To 20000 30 3.003 506770 0.498
20001 To 30000 23 2.302 590680 0.581
30001 To 40000 16 1.601 571410 0.562
40001 To 50000 24 2.402 1101160 1.083
50001 To 100000 31 3.103 2335080 2.296
100001 To Above 93 9.309 95188583 93.601
Total 999 100.00 10169587 100.00
0
SHAREHOLDING PATTERN AS ON 31ST MARCH, 2014

Category Number of Percentage of
Shares Holding
(A) PROMOTERS
Directors and Relatives 33280880 32.73
Bodies Corporate 10329630 10.16
Total (A) 43610510 42.89
(B) PUBLIC
SHAREHOLDING
Bodies Corporate 28328713 27.86 Bodies Corporate
Individuals/HUF/NRI’s 29756647 29.25
Total (B) 5773486 57.11 Directors and Relatives
Grand Total (A+B) 10103937 100.00 Individuals/HUF/NRI's
STOCK MARKET DATA

The stock market data for the year are as follows:
High Low 350
Month Price Price 300
April 2013 150.00 88.75 250
May 2013 185.00 136.50 200
June 2013 220.00 152.20 150
100 High Price
July 2013 248.00 183.55
50 Low Price
August 2013 234.00 178.55
0
September 2013 200.00 124.95
Sep/13
Dec/13
Apr/13
Jan/14
Mar/14
May/13
Jun/13
Jul/13
Nov/13
Feb/14
Aug/13
Oct/13
October 2013 143.55 99.05

November 2013 140.00 105.10
December 2013 168.00 109.95
January 2014 227.80 144.00
February 2014 257.00 201.40
March 2014 287.00 26.60

ANNEXURE TO THE REPORT OF THE DIRECTORS
CERTIFICATE OF COMPLIANCE FROM PRACTISING COMPANY SECRETARY AS

STIPULATED UNDER CLAUSE 49 OF THE LISTING AGREEMENT OF THE STOCK
EXCHANGES IN INDIA
To the members of VIKAS GLOBALONE LIMITED
We have examined the compliance of conditions of Corporate Governance by Vikas GlobalOne

Limited having its Registered Office at 34/1 Vikas Apartments, East Punjabi Bagh, Delhi-
110026 for the year ended 31st March 2014, as stipulated in Clause 49 of the Listing
agreement of the Company with the Stock Exchanges in India.
The compliance of conditions of corporate governance is the responsibility of the management.

Our examination was limited to the procedure and implementation thereof, adopted by the
Company, for ensuring the compliance of the conditions of corporate governance. It is neither
an audit nor an expression of opinion on the financial statement of the Company.
In our opinion and to the best of our information and according to the explanations given to us,
we certify that the Company hascomplied with the conditions of Corporate Governance as
stipulated in Clause 49 of the Listing Agreement in all material respects.
We state that in respect of the investor grievances received for the year ended 31st March,
2014, no such investor grievancesremained unattended/pending as at 31st March, 2014 as per
the records maintained by the Share Transfer & Shareholders'/Investors' Grievance
Committee.
We further state that such compliance is neither an assurance as to future viability of the
Company nor the efficiency or effectiveness with which the management has conducted the
affairs of the Company.
For M/s LOVENEET HANDA & ASSOCIATES

COMPANY SECRETARIES
Sd/-
(LOVENEET HANDA)
ACS-25973
C.P NO.-10753

DECLARATION BY THE CHIEF EXECUTIVE OFFICER UNDER CLAUSE 49 OF THE
LISTING AGREEMENT
I, Vikas Garg, Managing Director, of Vikas GlobalOne Limited, to the best of our knowledge and
belief certify that:
1. I have reviewed the Balance Sheet and Profit and Loss Account of the Company for the
year ended 31st March, 2012 and its entire schedule and notes on accounts, as well as
the Cash Flow Statement.
2. To the best of our knowledge and information:
a. These statements do not contain any materially untrue statement or omit to state a
material fact or contains statement that might be misleading;
b. These statements together present a true and fair view of the Company's affairs and are
in compliance with existing accounting standards, applicable laws and regulations.
3. We also certify, that based on our knowledge and the information provided to us, there
are no transactions entered into by the company, which are fraudulent, illegal or violate
the company's code of conduct.
4. The company's other certifying officers and we are responsible for establishing and
maintaining internal controls for financial reporting and procedures for the Company,
and we have evaluated the effectiveness of the Company's internal controls and
procedures pertaining to financial reporting.
5. The Company's other certifying officers and we have disclosed, based on our most
recent evaluation, wherever applicable, to the Company's auditors and through them to
the Audit Committee of the Company's Board of Directors:
a. All significant deficiencies in the design or operation of internal controls, which we are
aware and have taken steps to rectify these deficiencies;
b. Significant changes in internal control over financial reporting during the year;
c. Significant changes in accounting policies during the year.
We further declare that all board members and senior Management have affirmed compliance
with the code of conduct for the current year.
Vikas Garg
Managing Director
Place: New Delhi

Date: 6th August 2014

INDEPENDENT AUDITOR'S REPORT
To the Members of M/s Vikas Globalone Limited
Report on the Financial Statements
We have audited the accompanying financial statements of Vikas Globalone Limited ("the
Company"), which comprise the Balance Sheet as at March 31, 2014, and the Statement of
Profit and Loss and Cash Flow Statement for the year then ended, and a summary of
significant accounting policies and other explanatory information.
Management's Responsibility for the Financial Statements
The Company’s Management is responsible for the preparation of these financial statements
that give a true and fair view of the financial position, financial performance and cash flows of
the Company in accordance with the Accounting Standards notified under the Companies Act,
1956 ("the Act") read with the General Circular 15/2013 dated 13th September’ 2013 of the
Ministry of Corporate Affairs in respect of Section 133 of the Companies Act’ 2013 and in
accordance with the accounting principles generally accepted in India.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with the Standards on Auditing issued by the Institute
of Chartered Accountants of India. Those Standards require that we comply with ethical
requirements and plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend on the auditor's
judgment, including the assessment of the risks of material misstatement of the financial
statements, whether due to fraud or error.
Opinion
the financial statements give the information required by the Act in the manner so required
and give a true and fair view in conformity with the accounting principles generally accepted in
India:
(a) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31,
2014;
(b) in the case of the Profit and Loss Account, of the profit for the year ended on that date;
and
(c) in the case of the Cash Flow Statement, of the cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor's Report) Order, 2003 ("the Order") issued by the
Central Government of India in terms of sub-section (4A) of section 227 of the Act, we give in
the Annexure a statement on the matters specified in paragraphs 4 and 5 of the Order.
2. As required by section 227(3) of the Act, we report that:
a. we have obtained all the information and explanations which to the best of our
knowledge and belief were necessary for the purpose of our audit;
b. in our opinion proper books of account as required by law have been kept by the
Company so far as appears from our examination of those books
c. the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt
with by this Report are in agreement with the books of account
d. in our opinion, the Balance Sheet, Statement of Profit and Loss, and Cash Flow
Statement comply with the Accounting Standards notified under the Act read
with the General Circular 15/2013 dated 13th September 2013 of the Ministry of
Corporate Affairs in respect of Section 133 of the Companies Act, 2013;
e. on the basis of written representations received from the directors as on March

31, 2013, and taken on record by the Board of Directors, none of the directors is
disqualified as on March 31, 2013, from being appointed as a director in terms
of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.
For R S P H & Associates.

Chartered Accountants
Firm's Registration Number :- 003013N
(Tarun Kumar Batra)

(Partner)
Membership Number :- 094318
Place :- New Delhi

Date :- 24.05.2014

Annexure to the Auditors’ Report
Referred to in Paragraph 1 under the heading of “Report on other legal and regulatory
requirement” of our report of even date.
1. The Company has maintained proper records showing full particulars including
quantitative details and situation of fixed assets.
2. The fixed assets have been physically verified by the management at all location at
reasonable intervals. No material discrepancies between book records and the
physical inventories have been noticed on such verifications.
3. The Inventories has been physically verified at reasonable intervals by the

management. In our opinion and according to information and explanation given to
us, the procedures of physical verification of inventory followed by the management
are reasonable and adequate in relation to the size of the Company and the nature of
its business. On the basis of examination of the records of inventory, we are of the
opinion that the company is maintaining proper records of inventory. The
discrepancies noticed on such physical verification of inventory as compared to book
records were not material which have been properly dealt with.
4. In respect of Loans, secured or unsecured, granted or taken by the company to /

from companies, firms or other parties required to be listed in the register maintained
under section 301 of the Companies Act’1956
 The company has not taken any unsecured loan from parties covered in the
Register maintained under section 301 of the Companies Act, 1956.
 The Company has not granted any unsecured to parties covered in the register
maintained under section 301 of the Companies Act, 1956. Hence Clause 3(a) to 3(c)
are not applicable
 In our opinion and according to information and explanation given to us, the rate of
interest and terms and conditions are not prime-facie prejudicial to the interest of
the company.
 In respect of loans if any taken by the company, the loans are repayable on demand
and therefore the question of overdue amount does not arise.
5. In our opinion and according to the information and explanations given to us, there is
an adequate internal control procedure commensurate in the size of the company and
the nature of its business for purchase of inventory and fixed assets and on the sale
of goods. During the course of our audit, no major weakness has been noticed in the
internal controls. We have not observed any failure on the part of the Company to
correct major weakness in internal control.
6. (a) Based on audit procedures applied by us and according to the information and
explanations provided by the management, we are of the opinion that the transaction

that needs to be entered into the register maintained under section 301 of Companies
Act, 1956 have been so entered.
(b) According to information and explanation given to us, the transactions made in
pursuance of contracts or arrangements entered in the registers maintained under section
301 and exceeding the value of five lakh rupees in respect of any party during the year have
been made at prices which are reasonable having regard to prevailing market prices at
relevant time.
7. In our opinion and according to information and explanations given to us, the
company has not accepted any public deposit during the year under consideration.
Otherwise the Company has complied with the provisions of sections 58A and 58AA of
the Company, 1956 and rules framed there under. We have been informed that no
order has been passed by the Company Law Board or national company law tribunal
or Reserve Bank of India or any court or any Tribunal in this regard.
8. We have broadly reviewed the books of account maintained by the Company in respect
of products where, pursuant to the Rules made by the Central Government of India,
the maintenance of cost records has been prescribed under clause (d) of subsection (1)
of Section 209 of the Act, and are of the opinion that prima facie, the prescribed
accounts and records have been made and maintained. We have not, however, made a
detailed examination of the records with a view to determine whether they are
accurate or complete.
9. In our opinion the company has an internal audit system commensurate with the size
and nature of its business.
10. According to information and explanations given to us the company is depositing with
appropriate authorities, undisputed statutory dues including provident fund , investor
education fund, employees state insurance, income tax, sales tax, wealth tax, custom
duty, excise duty, Cess and other statutory dues to the extent applicable to it. There
are no undisputed demands in respects of income tax, sales tax, service tax, excise
duty, cess and other statutory dues payable for a period of more then six months from
the date they become payable as at 31st March’2014 except a Vat Disputed amount of
Rs 0.88 Lacs and VAT Disputed demand of Rs 90.66 Lacs for 2011-2012 for which
appeal is pending before Special Commissioner, Department of Trade and Taxes and
Custom Duty disputed of Rs 5.33 Lacs and Income Tax demand of Rs 31.44 Lacs in
the case of Vikas Utilities Private Limited which was merged with Vikas Globalone
Limited on amalgamantion. Delay has been observed in deposit of the Service Tax,
TDS, ESI and PF with respective authorities during the year under consideration.
11. Based on our examination of the records and evaluations of the related internal
controls, we are of the opinion that there is no such transaction and contracts relating
to shares, securities and other investment dealt in by the company in relation to
which proper records are required to be maintained.
12. The company has given corporate guarantee for loans taken by Subsidiary Company
Moonlite Technochem Private Limited for a sum of Rs. 1600 Lacs and Rs 600 Lacs in
the case of Sigma Plastic Industries ( Partnership Concern in which Company is a
partner ) from banks or financial institutions, the terms and conditions there of are
prima facie prejudicial to the interest of the company.

13. Term loan taken by the company has been utilized for the purpose for which it has
been taken.
14. According to the information and explanations given to us, and on an overall
examination of the Balance Sheet of the company we report that the company has not
utilized funds raised on short- term basis for long-term investment.
15. The company has not made any preferential allotment of shares to the parties and
companies covered in the register maintained under section 301 of the Companies
Act, 1956 during the year.
16. The Company does not have accumulated losses as at the end of financial year and
has not incurred cash losses in the current financial year and in the immediately
preceding financial year.
17. According to the information and explanation given to us, the Company has not
granted any loans/ advances on the basis of security by way of pledge of shares,
debentures and other securities.
18. Clause 4(xiii) of the Order is not applicable to the Company as the Company is not a
chit fund or a nidhi / mutual benefit fund/ society.
19. On the basis of the records made available to us, the Company has no debentures
outstanding during the year.
20. The Company has not raised any money through public issue during the year. During
the year the company has issued 6,56,500 Equity Shares of Rs. 1/- Each under
Employee Stock Option Scheme.
21. During the course of our examination of the books and records of the Company
carried out in accordance with the auditing standards generally accepted in India, we
have neither come across any material instance of fraud on or by the Company,
noticed or reported during the year nor we have been informed of such a case by the
management.
22. Other clauses of the Order are not applicable to the Company.

(Tarun Kumar Batra)

(Partner)
Place :- New Delhi

Date :- 24.05.2014

STANDALONE BALANCE SHEET AS AT 31ST MARCH, 2014 (In Rupees)
PARTICULARS NOTE AS AT 31-03-14 AS AT 31-03-13
EQUITY AND LIABILITIES
Shareholder's Funds
Share Capital 2 101,695,870 101,039,370
Reserves and Surplus 3 307,747,479 267,687,021
Non-Current Liabilities
Long-term borrowings 4 18,193,857 23,635,398
Deferred tax liabilities (Net) 5 3,520,136 3,401,974
Other Long Term Liabilities 6 1,376,240 706,274
Current Liabilities
Short-term borrowings 7 410,910,401 342,150,381
Trade payables 8 238,023,417 227,010,711
Other current liabilities 9 134,558,352 47,318,275
Short-term provisions 10 10,865,322 6,437,462
TOTAL 1,226,891,074 1,019,386,866

ASSETS
Non-current assets
Fixed assets
-Tangible Assets 11 210,996,317 177,486,005
-Intangible Assets 584,292 1,168,585
Deferred tax assets (net) - -
Non - Current Investment 12 53,560,241 75,421,515
Long term loans and advances 13 3,071,152 1,259,152
Other non-current assets 14 570,252 326,339
Current assets
Inventories 15 238,485,608 275,017,706
Trade receivables 16 538,458,146 363,615,673
Cash and cash equivalents 17 4,424,274 3,500,850
Short-term loans and advances 18 175,254,936 118,902,816
Other Current Asset 19 1,485,856 2,688,225
TOTAL 1,226,891,074 1,019,386,866

NOTES forming part of Financial Statement 1-50
As per our report of even date attached
FOR RSPH & ASSOCIATES

Chartered Accountants (Firm Regn No: 003013N) For and on Behalf of the Board
C.A TARUN KUMAR BATRA VIKAS GARG SUMER CHAND TAYAL

Partner (Membership No:094318) Managing Director Director
PLACE : NEW DELHI RAJESH KAUSHIK SUNIL MALIK

DATE : 24.05.2014 GM Accounts & Finance Company Secretary

STANDALONE PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2014 (In Rupees)
FOR THE PERIOD FOR THE PERIOD
PARTICULARS NOTE
ENDED ON 31-03-14 ENDED ON 31-03-13
Revenue
Revenue from Operations 1,774,752,593 1,638,698,326
Less: Excise Duty (77,917,329) (70,765,583)
Net Sales 20 1,696,835,265 1,567,932,743
Other Income 21 19,073,289 12,874,617
Total Revenue 1,715,908,554 1,580,807,360
Expenses
Cost of Material Consumed 22 850,254,313 754,955,672
Purchases of Stock-in-Trade 23 606,896,999 610,392,461
Change in Inventories of Finished Goods 24 (4,887,269) 12,401,298
Employees Benefit Expenses 25 36,428,625 27,193,251
Financial Expenses 26 64,234,270 44,627,548
Depreciation and amortization expense 27 19,054,012 16,818,986
Other Expenses 28 106,454,318 85,128,842
Total Expenses 1,678,435,268 1,551,518,058
Profit before exceptional, extraordinary and Tax
3,473,286 29,289,302
Exceptional Item - -
Profit before extraordinary
37,473,286 29,289,302
Extraordinary Item - -
Profit before tax 37,473,286 29,289,302

Tax expense:
Current tax (4,916,367) (565,937)
Deferred tax (118,162) (538,511)
Mat Credit Availed (2,781,195)
Excess/ Short provision relating earlier year tax 403,309 176,653
Profit(Loss) from the period from continuing
operations 30,060,871 28,361,507
Profit/(Loss) from discontinuing operations - -
Tax expense of discounting operations - -
Profit/(Loss) from Discontinuing operations - -
Profit/(Loss) for the period 30,060,871 28,361,507
Share Earnings from Partnership Firm 3,184,666 5,866,766
Earning per equity share:
(1) Basic (Note no-41) 0.33 0.34
(2) Diluted (Note no-41) 0.33 0.34
Notes forming part of Financial Statement 1-50



STANDALONE CASH FLOW STATEMENT FOR THE PERIOD ENDED ON 31ST MARCH 2014 (In Rupees)
PARTICULARS
A. CASH FLOW FROM OPERATING ACTIVITIES
Net profit (loss) before extraordinary items 37,473,286 29,289,302
Adjustments for:
Depreciation 18,469,719 16,234,693
Amortization 584,293 584,293
Employee Stock option 12,763,877 -
Provision for income tax - 176,653
interest expenses 64,234,270 44,627,548
interest on current investments (5,076,888) (2,997,509)
Operating Profit (Loss) before working capital changes 128,448,557 87,914,980
Adjustments for:
(increase)/Decrease in inventories 36,532,098 (91,754,151)
(increase)/Decrease in trade receivables (174,842,473) (99,969,170)
(increase)/Decrease in other current assets 1,202,369 123,876
(increase)/Decrease in loans and advances (54,892,162) (13,742,819)
(increase)/Decrease in trade payables 11,012,706 89,984,049
(increase)/Decrease in other liabilities 87,096,820 (20,945,062)
(increase)/Decrease in provisions 669,966 811,261
Cash generated from operations 35,227,881 (47,577,036)
Direct taxes (paid)/refunded (6,459,694) (565,937)
Net Cash flow from (used)in operating activities 28,768,187 (48,142,973)
B.CASH FLOW FROM INVESTING ACTIVITIES
Purchase of tangible fixed assets (51,980,030) (16,477,412)
Purchase /Sale of other Investments 21,861,274 (5,816,765)
Sale of tangible fixed assets - 1,424,951
Other interest received 8,261,554 2,997,509
Other investing activities net - 5,866,767
Net cash flow from (used) in investing activities (21,857,203) (12,004,950)
C. CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from long term borrowings - 230,549
Proceeds from short term borrowings 68,760,020 111,006,846
Repayments of long term borrowings (5,441,541) -
Interest Paid on bank borrowings (64,234,270) (44,627,548)
Share Capital 656,500
Dividend paid (4,908,713) (5,051,969)
Dividend distribution tax paid on equity shares (819,557) (819,556)
Net cash flow from (used) in financing activities (5,987,560) 60,738,322
Net increase (decrease) in cash and cash equivalents 923,424 590,399
Cash and Cash Equivalents at the beginning of the year 3,500,850 2,910,451
Cash and Cash Equivalents at the end of the year 4,424,274 3,500,850
Notes Forming Part of Financial Statement


NOTE 1:
1. Background and nature of operations
Vikas GlobalOne Limited (VGL) is a Delhi based professionally managed company incorporated on 30th
November, 1984 under the Companies Act, 1956, having its registered office at Vikas House, 34/1, East
Punjabi Bagh, New Delhi-110026 and is actively engaged in the business of Manufacturing and Distribution
of Specialty Polymers Compounds and Additives. The company is listed in National Stock Exchange of India
(NSE), Bombay Stock Exchange (BSE) and Delhi Stock Exchange (DSE).
The company is engaged in the business of manufacturing and distribution of high end products used in
Agricultural Pipes, Auto Parts, Wires and Cables, Artificial Leather, Footwear, Organic Chemicals, Polymers,
Pharmaceuticals and Packaging industries while alongside acting as distributor of global conglomerates
with niche in specialty chemicals and polymers.
Manufacturing plants of the company are spread in various geographical locations across India, in the state
of J&K and Rajasthan. This has been done keeping in mind the strategic and location advantages with
regard to availability of raw material, tax incentives, subsidy grants as well as market potential for finished
goods. These industrial units have speedy connectivity to Road, Rail and Air transport. The company has
built the plants with the best of the machineries and technical knowhow available from the world’s leading
suppliers. The manufactured products of the company have been well received in the market and have
further scope of greater development with increased production capacities. The products manufactured by
the Company are environmental friendly.
2. Summary of significant accounting policies

Basis of presentation: These financial statements have been prepared in accordance with the generally
accepted accounting principles in India under the historical cost convention on accrual basis. These
financial statements have been prepared to comply in all material aspects with the accounting standards
notified under Section 211(3C) (which continues to be applicable in terms of General circular 15/2013
dated September 13, 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies
Act, 2013), other relevant provisions of the Companies Act, 1956(to the extent applicable), the provisions of
Companies Act, 2013 (to the extent notified) & guidelines issued by the SEBI. The accountings policies have
been consistently applied by the Company are consistent with those used in the previous year.
The significant accounting policies adopted by the Company, in respect of the financial statements are set
out below.
a) Use of estimates:
The preparation of financial statements in conformity with generally accepted accounting principles
requires management to make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent liabilities at the date of the financial statements and the results of
operations during the reporting year end. Although these estimates are based upon management’s best
knowledge of current events and actions, actual results could differ from these estimates. Hence, the
differences between the actual results and estimates are recognized in the year in which the results are
known / materialized.
b) Inventories
i) Raw Material/Trading is valued at lower of cost OR net realizable value.
ii) Finished products are valued at lower of cost OR net realizable value. Cost being the weighted average
material cost & includes cost of conversion & other cost incurred in bringing the goods to their
present location & condition. Closing balance of finished stock are accounted for on the basis of
physically verified quantities.
iii) Packing Material, stores & spares parts are valued at lower of moving weighted average cost and net
realizable value.
iv) Inventory on construction activities has been valued at cost incurred.
v) Obsolescence: Obsolete, slow moving & defective inventories are identified at the time of physical
verification of inventories & wherever necessary provision is made for such inventories.
vi) Shortage / Excess of Packing Material, Stores & spares parts and finish goods arising from physical
verification are charged/adjusted to consumption/production.

c) Prior Period Items: Significant items of Income and Expenditure which relates to prior accounting period
are accounted in the statement of profit and loss under the head “prior period items” other than those
occasioned by events occurring during or after the close of the year and which are treated as relatable to
the current year.
d) Fixed assets, depreciation and amortization, impairment: Fixed assets are stated at cost of acquisition
less accumulated depreciation and impairment of losses if any. The Company capitalizes all direct costs
relating to the acquisition and installation of fixed assets. Advances paid towards the acquisition of fixed
assets outstanding at each balance sheet date and the cost of fixed assets not ready to use before such
date are disclosed under ‘Capital advances’.
 Depreciation on fixed assets is computed using written down value method, as per the rates and as
per the manner prescribed in Schedule XIV of the Companies Act, 1956.
 Depreciation on additions / deletions to fixed assets is provided on pro-rata basis from/till the date
the asset is put to use / discarded. Individual assets costing less than Rs. 5,000 are fully depreciated
in the year of purchase.
 Goodwill is amortized over the period of five years.
e) Impairment:
At each balance sheet date, the Company assesses whether there is any indication that an asset may be
impaired, based on internal or external factors. If any such indication exists, the Company estimates the
recoverable amount of the asset or the cash generating unit. If such recoverable amount of the asset or
cash generating unit to which the asset belongs is less than its carrying amount, the carrying amount is
reduced to its recoverable amount. In assessing value in use, the estimated future cash flows are
discounted to their present value at the weighted average cost of capital. After impairment, depreciation is
provided on the revised carrying amount of the asset over its remaining useful life. The reduction is
treated as an impairment loss and is recognized in the Profit and Loss Account. If, at the balance sheet
date there is an indication that a previously assessed impairment loss no longer exists, the recoverable
amount is reassessed and the asset is reflected at the reassessed recoverable amount. Impairment losses
previously recognized are accordingly reversed.
f) Investments: Investments are classified as long term or current investments. Long term investments are
stated at cost and provision for diminution in their value, other than temporary, is recorded in the books
of account. Current investments are stated at the lower of cost or fair value. 100 % Provision has been
made in case the realizable value is uncertain.
g) Revenue recognition: Revenue is recognized to the extent it is probable that the economic benefits will
flow to the Company and the revenue can be reliably measured.
Sale of goods: - Revenue from sale of goods is recognized when significant risks and rewards of
ownership of goods are transferred to the customers. Sales are net of sales return, free quantities
delivered and trade discounts.
Interest: - Interest income from deposits and others is recognized on accrual basis (i.e. time proportion
basis).
Construction Contract:-The Company follows complete contract method of accounting in respect of its
construction activity. Under this method, the profit on unit sold is recognized only when the work in
respect of the relevant unit is completed or substantially completed which is determined on technical
estimations and the underlying sale deed is executed.
Profit on sale of investment: - Profit on sale of investment is recognized on the date of transaction of
sale and is computed with reference to the cost of investments.
h) Borrowing Costs: Borrowing costs attributable to the acquisition, construction or production of qualifying
assets are capitalized as part of cost of the asset. A qualifying asset is one that necessarily takes
substantial period of time to get ready for its intended use. All other borrowing costs are charged to
revenue in the year in which they are incurred.

i) Earnings per share: Basic earnings per share are calculated by dividing the net profit or loss for the year
attributable to equity shareholders by the weighted average number of equity shares outstanding during
the year.
For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to
equity shareholders and the weighted average number of shares outstanding during the year are adjusted
for the effects of all dilutive potential equity shares. The Weighted average no of Equity shares outstanding
during the year after adjusted for the events of bonus issue element in a right issue to equity
shareholders, share split and reserve share split (consolidation of shares).
j) Operating leases: Leases of assets under which all the risks and rewards of ownership are effectively
retained by the lessor are classified as operating leases. Lease payments under operating leases are
recognized as an expense on a straight-line basis over the lease term in accordance with Accounting
Standard 19 (AS 19) - Leases as notified under the Companies (Accounting Standards) Rules, 2006, as
amended.
k) Cash & cash equivalent: Cash and cash equivalents in the balance sheet comprise cash at bank and in
hand and short-term investments with an original maturity of three months or less.
l) Cash Flow Statement: Cash Flows are reported using indirect method, whereby profit before tax is
adjusted for efforts of transactions of non cash nature and any deferral or accruals of any past or future
cash receipts or payments. The Cash Flows from regular revenue generating, financing and investing
activity of the Company segregated.
m) Employee’s retirement benefits:
 Short Term Employee Benefits:

Short term employee benefits are recognized as Expenditure in the profit and loss accounts of the year
in which the related services are rendered.
 Post Employment Benefits:
 Defined Contribution plans:

Contribution payable by the company to the Central Government authorities in respect of Provident fund,
Family Pension fund and Employee State Insurance are defined plans. These contributions are recognized
as expenses in the statement of Profit and Loss during the period in which the employee renders the
related services. The company does not have any further obligation in this respect beyond such
contribution.
 Defined Benefit Plans:

Gratuity are covered under the Gratuity Policy respectively, of Life Insurance Corporation of India
(LIC).The Present Value of the Obligation is determined by using projected unit Credit method. Actuarial
Gains and Loss rising on such valuation are recognized immediately in the profit and loss account.
n) Taxes on Income: Tax expense comprises of current tax and deferred tax.
Current Income Tax is measured at the amount expected to be paid to the tax authorities in accordance
with the Indian Income Tax Act 1961. Deferred income taxes are recognized for the future tax
consequences attributable to timing differences between the financial statement income and taxable
income for the year. The effect on deferred tax assets and liabilities of a change in tax rates is recognized
in income using the tax rates and tax laws that have been enacted or substantively enacted by the
balance sheet date.
Deferred tax assets are recognized and carried forward only to the extent that there is a reasonable
certainty that sufficient future taxable income will be available against which such deferred tax assets can
be realized. Unrecognized deferred tax assets of earlier periods are re-assessed and recognized to the
extent that it has become reasonably certain that future taxable income will be available against which
deferred tax assets can be realized.

o) Provisions, Contingent Liabilities and Contingent Assets: Provisions are recognized only when there is
a present obligation, as a result of past events, and when a reliable estimate of the amount of obligation
can be made. Provisions are not discounted to its present value and are determined based on
management estimate required to settle the obligation at the balance sheet date. These are reviewed at
each balance sheet date and adjusted to reflect the current management estimates. Contingent liability is
disclosed for:
i) Possible obligations which will be confirmed only by future events not wholly within the control of the
Company or,
ii) Present obligations arising from past events where it is not probable that an outflow of resources will
be required to settle the obligation or a reliable estimate of the amount of the obligation cannot be
made.
Contingent Assets are not recognized in the financial statements since this may result in the
recognition of income that may never be realized.
p) Foreign Currency Transactions:
i). Initial Recognition: Foreign currency transactions are recorded in the reporting currency, by
applying the exchange rate between the reporting currency and the foreign currency at the date of the
transaction to the foreign currency amount.
ii). Conversion : Foreign currency monetary items are converted to reporting currency using the closing
rate. Non monetary items denominated in a foreign currency which are carried at historical cost are
reported using
the exchange rate at the date of the transaction; and non-monetary items which are carried at fair
value or any other similar valuation denominated in a foreign currency is reported using the exchange
rates that existed when the values were determined.
iii). Exchange Differences: Exchange differences arising on the settlement of monetary items or on
reporting company’s monetary items at rates different from those at which they were initially
recorded, are recognized as income or expense in the year in which they arise except those arising
from investments in non-integral operations.
iv). Forward Exchange Contract: In case of forward Exchange contract, difference between the forward
rates and the exchange rate on the date of transaction is recognized as expenses or income over the
life of the contract. Exchange difference on such contract is recognized in the statement of profit and
loss in the year in which the exchange rates change. Any profit or loss arising on cancellation or
renewal of forward exchange contract is recognized as income or expenses for the year.
q) Government Grants: Government grants are recognized when there is reasonable assurance that the
group will comply with the condition attaching to them and grants will be received. Revenue grants
are recognized in the statement of Profit and loss account. Capital grants relating to Specific Fixed Assets
are reduced from gross value of respectively fixed assets and other grant are credited to capital reserve
account.
r) Employee Stock Option Scheme: The Company will follow the accounting guidelines which have been
issued by Securities and Exchange Board of India under Section 11 of the Securities and Exchange board
of India Act’1992 and SEBI (Employee Stock option Scheme and Employee Stock Purchase Scheme)
Guidelines 1999.

NOTE NO: - 2 SHARE CAPITAL (In Rupees)
PARTICULARS AS AT 31-03-14 AS AT 31-03-13
AUTHORIZED CAPITAL
(1,59,500,000 shares of Rs. 1 each)
(Previous year it was 1,59,50,000 shares of Rs. 10 each) 159,500,000 159,500,000
ISSUED , SUBSCRIBED & PAID UP CAPITAL
1,01,695,870 Equity Shares of Rs. 1/- each, Fully Paid up
101,695,870 101,039,370
(Previous year it was 10,103,937 shares of Rs. 10 each)
101,695,870 101,039,370
Reconciliation of the shares outstanding at the beginning and the end of the reporting year
No of Shares Amount No of Shares Amount
Shares outstanding at the beginning of the year 101,039,370 101,039,370 10,103,937 101,039,370
Bonus Shares Issued during the year - - - -
Shares bought back during the year - - - -
Shares issued during the Year(ESOP) 656,500 656,500 - -
Shares outstanding at the end of the year 101,695,870 101,695,870 10,103,937 101,039,370
Details of Shareholders holding shares more than 5% shareholding

No of Shares % No of Shares %
Vikas Garg 23,644,900 23.25% 2,364,490 23.40%
Vikas Polymerland Private Limited 10,329,630 10.16% 1,032,963 10.22%
Goodlife Impex Private Limited 11,970,000 11.77% 1,197,000 11.85%
Alankit Assignments Limited 6,679,120 6.57% 667,912 6.61%
Equity shares: - The Company has only one class of Equity having a par value Rs. 1.00 per share. Each
shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject
to the approval of the shareholders in ensuing Annual General Meeting, except in case of interim dividend. In
the event of liquidation, the Equity shareholders are eligible to receive the remaining assets of the company
after distribution of all preferential amounts, in proportion to their shareholding.
Sub-Division (Stock-Split) of Equity Shares:-During the year, the Board of directors of the company,
authorized Stock split in the Face or stated value of shares from Rs. 10/- Per share to Rs. 1/- Per share. The
Company announced March 31st, 2014 as record date for the Purpose of face value split of shares from Rs.10
Per share to Rs. 1 per share. Company has also issued the Shares under Employee Stock Option Plan on 31st
march2014.
The Company has formulated an Employee’s stock option scheme as per Note No 43. The Scheme provides that
Employees are granted options to acquire the Equity Shares of the company that vests in graded manner. The
options may be exercised within a Specified Period. The options are granted at the closing market price
prevailing on the stock exchange, immediately prior to the grant. The Shares issued under ESOP are as
follows:
PARTICULARS NO OF OPTIONS
Option Granted 3,695,000
Pricing Formula Face Value
Options Outstanding, beginning of the Year 2,615,000
No of Options given to Employees in First year (30% of total no of options) 784,500
Less-No of Options Exercised by Employees 656,500
No of Options Forfeited by Employees 1,28,000
Options Outstanding, end of the year 1,830,500

NOTE NO: - 3 RESERVE AND SURPLUS (In Rupees)
Capital Reserves*
Opening Balance 965,934 965,934
Add: Addition during the year -
Less: Deletion during the year -
Closing Balance 965,934 965,934
Securities Premium Account
Opening Balance 69,500,000 69,500,000
(Receipt on Excise of Employee Stock Option) 4,116,255
Less: Deletion during the year -
Closing Balance 73,616,255 69,500,000
Reserve and Surplus
Opening Balance 197,221,087 168,864,339
Add: Addition during the year 33,245,537 34,228,273
Less: Deletion during the year 5,948,955 5,871,525
- Dividend Paid 5,084,794 5,051,969
- Dividend Distribution Tax 864,161 819,556
Closing Balance 224,517,669 197,221,087
Profit and Loss Account
Opening As Per Last Balance Sheet
Closing Balance - -
Total Reserve and Surplus 299,099,858 267,687,021
Employee Stock Option
Employee Stock option Outstanding 11,477,235 -
Less-Deferred Employee Compensation Expenses (2,829,613) -
Closing Balance 8,647,622 -
Balance Carried forward to Balance Sheet 307,747,479 267,687,021
*Point No 41 of Note provide the details of the Capital Reserve
**Point No 43 in respect of Employee Stock Option

NOTE NO: - 4 LONG TERM BORROWING (In Rupees)
Term loans from banks
Loan taken for vehicles secured 2,192,027 629,723
Loan taken for fixed assets secured 16,001,830 23,005,675
18,193,857 23,635,398

Loan Taken on Vehicles
HDFC - Vehicle Loan (Agreement No 24353585) 299,210 -
ICICI Loan No - LADEL00017599702 - 413,157
ICICI Loan No - LADEL00026826516 113,836 216,566
ICICI Loan No - LADEL00026874591 1,466,812 -
Total 2,192,027 629,723
Loan Taken for Fixed Assets
BOB TL – 21000600000514 2,958,853 84,44,793
BOB TL – 21000600000515 - 41,70,284
OBC TL – 11167015000461 13,042,977 10,390,598
16,001,830 23,005,675
NOTE NO: - 5 DEFERRED TAX LIABILITIES (In Rupees)

Deferred Tax Liability
Deferred Tax Liability depreciation 3,520,136 3,401,974
Gross Deferred Tax Liability 3,520,136 3,401,974
Deferred Tax Assets
Deferred Tax Assets Fixed Assets -
Gross deferred tax Assets -
Net Deferred Tax Liability/ Assets 3,520,136 3,401,974
NOTE NO: - 6 OTHER LONG TERM LIABLITIES (In Rupees)

Provision for Gratuity 1,376,240 706,274
1,376,240 706,274

NOTE NO: - 7 SHORT TERM BORROWING (In Rupees)
Secured
Cash Credit from Bank Secured 393,893,945 328,005,027
Current Maturities of the Loan taken for vehicles 2,062,570 950,346
Current Maturities of the Loan taken for fixed assets 14,953,887 13,195,008
410,910,401 342,150,381
CASH CREDIT
The Company is availing a cash credit (Hypo) limit of Rs. 2,700 Lacs which include PCFC Limit of RS 500 Lacs
from Oriental Bank of Commerce against Hypothecation of stock, receivable, advance to suppliers and other
current assets on pari passu basis with Bank of Baroda. No DP against stock and Book debts exceeding 180
days. The rate of interest is Bank Base Rate + 2.00% which at present is 12.25% p.a. Further the Company is
also availing LC (Import) DA/DP basis on Fund Based Limit of Rs. 1,800 Lacs for procurement of Raw Material
and spares. Cash Margin is 20% in the shape of FDR.
The Company is also availing Cash Credit limit of Rs. 1,320 Lacs from Bank of Baroda with a sublimit FCNR
(B) of Rs. 990 Lacs & Sub limit of FBP/FBD of Rs. 330 Lacs under the same Cash Credit limit. The limit is
secured by way of hypothecation of stock, receivables & other current assets on pari passu basis on the OBC.
DP shall be permitted against receivable upto 180 days. Margin is 25% & Rate of interest is BR+3.00 %. Further
the Company is availing Non Fund Based LC (Import/Inland/DP/DA/BG). Buyers Credit of Rs. 800 Lcas for
procurement of raw material and spares. Cash Margin is 20% in the shape of FDR.
Further the limit is secured on following Collateral Properties:

1. Residential Property bearing Khasra No. 14/5/2 6min, 15/1/2, 9/2 & 10 mn Vill Ghevra, Near Mundka
Railway Crossing, Delhi owned by Mr. Seema Garg and Mr. Namita Garg.
2. Roof 34/1 East Punjabi Bagh, New Delhi owned by Vikas Globalone Limited.
3. Industrial property at Industrial Growth Centre, Phase 1, Samba, Jammu owned by Vikas Globalone
Limited.
4. Residential property situated at Khasra no. 710/201 in Village Rithala, Delhi owned by Mr. Vivek Garg.
5. Property situated at A-28 Khasra No. 12/10 and 13/6 Village Kamruddi Nagar Nangloi owned by M.s Seema
Garg and Ms. Usha Garg.
6. Residential property situated at B-1, Upper Basement floor, 1/34, Punjabi Bagh, New Delhi owned by Ms.
Usha Garg.
7. Mortgage of Agricultural land situated at village Sultanpur Dabas held owned by Vikas GlobalOne Limited.
8. Plot of land situated at Khasra No. 142/132, situated at Village Khanjawala, Delhi owned by New Age
Polypacks Coats Private Limited.
9. Exclusive Equitable mortgage of factory land and building situated at G-24-29, RIICO Industrial Area,
Vigyan Nagar, Shahjahanpur, Dist. Alwar, Rajasthan owned by Vikas GlobalOne Limited.
Vigyan Nagar, Shahjahanpur, Dist. Alwar, Rajasthan owned in the name of Vikas GlobalOne Limited.
Further limit is guaranteed by Personal guarantee of the following

1. Mr. Nand Kishore Garg
2. Mr. Vikas Garg
3. Mr. Vivek Garg
4. Mrs. Seema Garg
5. Mrs. Usha Garg
6. Mrs. Namita Garg

HDFC - Vehicle Loan (Agreement No 17104807) - 50,885
HDFC - Vehicle Loan (Agreement No 24353585) 228,332
Total 2,062,570 950,346
HDFC - Vehicle Loan (Agreement No 24353585) was taken during 2013 year and carries interest @15.65%
per annum. The Loan is repayable in 36 installments of Rs. 22837 each along with interest from the date of
Loan. The loan is secured by hypothecation of car of the company.
per annum. The Loan is repayable in 36 installments of Rs. 17,941 each along with interest from the date of
ICICI Loan No - LADEL00017599702 was taken during 2010 year and carries interest @9.00% per annum.
The Loan is repayable in 57 installments of Rs. 61,560 each along with interest from the date of Loan. The loan
is secured by hypothecation of car of the company.
is secured by hypothecation of car of the company

BOB TL – 21000600000514 5,726,604 5,726,604
BOB TL – 21000600000515 4,216,683 4,549,404
OBC TL – 11167015000461 5,010,600 2,919,000
14,953,887 13,195,008
Term Loan-1 (Bank of Baroda) Closing balance Rs. 86.85 Lacs & Term Loan –II (Bank of Baroda) Closing
balance Rs. 42.16 Lacs. The Term Loan is secured on the Plant and Machinery and Land and Building located
at G-24-29 & 30, RIICO Industrial Area, Vigyan Nagar, Shahjahanpur, Dist. Alwar, Rajasthan owned by Vikas
GlobalOne Limited. The term loan has been taken over from the existing loan of ICICI Bank Limited. The Rate of
Interest is BR+2.75%. The term loan is repayable in equal monthly installment of Rs. 8.56 Lacs. The Period of
Maturity for the TL-I from the Balance Sheet date is 9 months and for the TL-II 16 months.

2. Mr. Vikas Garg
3. Mr. Vivek Garg
4. Mrs. Seema Garg
5. Mrs. Usha Garg
6. Mrs. Namita Garg
Term Loan-III (Oriental Bank of Commerce) Closing balance limits Rs. 180.53 Lacs. The Term Loan is secured
on the Plant and Machinery and Land and Building located at G-24-29 & 30, RIICO Industrial Area, Vigyan
Nagar, Shahjahanpur, Dist. Alwar, Rajasthan owned by Vikas GlobalOne Limited. The loan was sanctioned on
reviewed on 8.02.2014 on the existing term and conditions. . The Loan will be repayable in Equal Installments
of Rs. 4.17 lacs per month. The rate of interest shall be BR+ 2%+.5%. The Period of Maturity from the Balance
Sheet date is 41 months.
NOTE NO: - 8 TRADE PAYABLES (In Rupees)

Sundry Creditors 238,023,417 227,010,711

238,023,417 227,010,711
NOTE NO: - 9 OTHER CURRENT LIABILBITES (In Rupees)

Service Tax payable 1,791,253 428,558
Advance From Customers * 64,201,609 13,687,091
Expenses Payable 5,247,469 5,346,127
Cheque Issued but not presented 62,689,510 27,814,499
Others 628,510 42,000
134,558,351 47,318,275
*Advance from customers includes Rs. 61,277,112/- (Six Crores Twelve Lacs Seventy Seven Thousand One
Hundred and Twelve ) from the wholly owned subsidiary, Moonlite Technochem Private Limited and Sigma
Plastic Industries which is a Partnership Firm in which Vikas Globalone Ltd holds 75% Shares and Vikas
Ploymer (India) in which Director of Vikas Globalone Limited is also a Partner.
Moonlite Technochem Private Limited 17,532,253 11,306,939

Sigma Plastic Industries 39,773,000 -
Vikas Polymer (India) 3,971,859 -
61,277,112 11,306,939
NOTE NO: - 10 SHORT TERM PROVISIONS (In Rupees)

Dividend on Equity Shares 5,084,794 5,051,969
Dividend Distribution Tax 8,64,161 819,556
Current Tax Provision 4,916,367 565, 937
10,865,322 6,437,462

NOTE: 11 FIXED ASSETS COMPUTATION OF DEPRICIATION FOR THE F.Y. 2013-14 AS PER COMPANIES ACT
FIXED ASSETS
PARTICULARS GROSS BLOCK DEPRICIATION NET BLOCK
Rate As at Addition Deductio As at As on For the Year Dedu As on As on As on 31.03.

31.03.2013 ns 31.03.2014 31.03.2013 ction 31.03.2014 31.03.2014
s 2013
Tangible Assets 488,66,583

Leasehold Land - 4,88,66,583 54,53,128 - 543,19,711 - - - - 543,19,711 446,63,946
Building 5% 5,08,38,340 86,16,291 - 594,54,631 61,74,394 23,30,466 - 85,04,860 509,49,771 7,41,43,803
Plant & Machinery 13.91% 10,31,60,937 292,93,767 - 13,24,54,704 2,90,17,134 1,24,06,894 - 4,14,24,028 9,10,30,677 11,00,968
Furniture & Fittings 18.10% 20,81,150 9,35,707 - 30,16,857 9,80,182 2,98,545 - 12,78,727 17,38,130 38,10,725
Vehicles 25.89% 1,14,80,097 66,24,997 - 1,81,05,094 76,69,372 23,08,818 - 99,78,190 81,26,904 36,95,493
Office Equipments 13.91% 70,42,587 5,56,071 - 75,98,658 33,47,094 5,39,282 - 38,86,376 37,12,282 12,04,487
Computers 40% 38,13,199 5,00,069 - 43,13,268 26,08,712 5,85,715 - 31,94,427 11,18,841
Total (A) 22,72,82,893 5,19,80,030 - 27,92,62,923 4,97,96,888 1,84,69,719 - 6,82,66,607 21,09,96,317 17,74,86,005
Intangible Assets 11,68,585

Goodwill - 29,21,464 - - 29,21,464 17,52,879 5,84,293 - 23,37,172 5,84,292
Total (B) 29,21,464 - - 29,21,464 17,52,879 5,84,293 - 23,37,172 5,84,292 11,68,585
Total(Current year) 23,02,04,357 5,19,80,030 - 28,21,84,387 5,15,49,767 1,90,54,012 - 7,06,03,779 21,15,80,609 17,86,54,590
As on 31.03.2013 21,51,51,898 1,64,77,410 14,24,95 23,02,04,357 3,47,30,781 1,68,18,986 - 5,15,49,767 17,86,54,590 18,04,21,117
1

NOTE NO: - 12 NON- CURRENT INVESTMENTS (In Rupees)
Moonlite Technochem Private Limited * 34,710,336 24,710,336
Sigma Plastic Industries 18,505,845 50,711,179
LIC Group Insurance 344,060 -
53,560,241 75,421,515
*Moonlite Technochem Private Limited is the wholly owned subsidiary of the company. Sigma Plastic Industries is
a Partnership firm in which Vikas Globalone Limited holds 75% Sharing.
Investment in Sigma Plastic Industries Partnership Firm Share of profit (in %)

Name of Partners AS AT 31-03-14 AS AT 31-03-13
Vikas GLobalOne Limited 75% 75%

Vikas Garg 15% 15%
Vivek Garg 10% 10%
NOTE NO: - 13 LONG TERM LOANS AND ADVANCES (In Rupees)

Security Deposit 3,071,152 1,259,152
3,071,152 1,259,152
NOTE NO: - 1 4 OTHER NON – CURRENT ASSETS (In Rupees)

Government Receivables 570,252 326,339

570,252 326,339
NOTE NO: - 1 5 INVENTORIES (In Rupees)

Finished Goods 10,321,690 18,750,511
Real Estate Inventory 24,356,621 24,356,621
Capital WIP-Real Estate 14,370,612 14,370,612
Traded Goods 4,887,269 -
Raw Material 181,951,081 208,459,304
Goods in transit/ WIP 2,598,335 9,080,658
Total 238,485,608 275,017,706

NOTE NO: - 16 TRADE RECEIVABLES (In Rupees)
Outstanding for more than six months
Unsecured, Considered Good : 28,611,837 28,220,093
Less: Provision for doubtful debts -
Sub Total 28,611,837 28,220,093
Outstanding for less than six months
Unsecured, Considered Good 509,846,309 335,395,580
Sub Total 509,846,309 335,395,580
538,458,146 363,615,673
NOTE NO: - 17 CASH AND CASH EQUIVALANTS (In Rupees)

Cash-in-Hand
Cash Balance 1,613,315 1,619,554
Sub Total 16,13,315 1,619,554
Bank Balance
Bank Current Account 2,211,410 1,444,738
Unpaid Dividend Account* 599,550 436,558
Sub Total 2,810,959 1,881,296
4,424,274 3,500,850
* There is no Amount in unpaid Dividend Account which is transferrable to Investor Protection fund Account.
NOTE NO: - 18 SHORT TERM LOANS AND ADVANCES (In Rupees)

Advance to Suppliers 70,764,283 20,372,560
Advance to Staff 1,161,862 353,399
Cenvat Credit Receivable 2,365,291 1,928,137
Tax Deducted at Source 4,321,631 3,433,441
MAT Credit 17,864,520 14,736,839
Advance Tax 1,000,000 1,500,000
PLA Excise 160,530 2,447
Others 64,244,593 70,569,003
175,254,936 118,902,816
NOTE NO: - 19 OTHER CURRENT ASSETS (In Rupees)

Prepaid Expenses 1,485,856 2,688,225
1,485,856 2,688,225

NOTE NO: - 20 REVENUE FROM OPERATIONS (In Rupees)
Sales of Product 1,667,664,112 1539,028,173
Other Operative Income
Revenue Franchise 24,671,153 24,278,001
Other Operative Income 4,500,000 4,626.569
1,696,835,265 1,567,932,743
Sales of Product includes following transactions with the related party:
PARTICULARS AMOUNT
Moonlite Technochem Private Limited 27,063,030
Sigma Plastic Industries 10,204,423
Vikas Polymers (India) 8,256,313
NOTE NO: - 21 OTHER INCOME (In Rupees)

Commission & Interest Income 8,751,888 2,997,509
Job Work 880,850 -
Other Non-Operating Income
Profit on disposal of Tangible Assets - -
Excise Refund 4,246,059 7,545,579
Rental Income 147,751 197,738
Other Receipts 5,046,741 2,133,791
19,073,289 12,874,617
NOTE NO: - 22 COST OF MATERIAL CONSUMED (In Rupees)

Inventory at the beginning
Raw Material 230,390,940 121,043,516
230,390,940 121,043,516
Add: Purchases
Raw Material 814,734,479 864,303,095
814,734,479 864,303,095
Add/Less: Other Adjustment
Raw Material -
Less: Inventory at the end

Raw Material 194,871,106 230,390,939
194,871,106 230,390,939
850,254,313 754,955,672

(In Rupees)
PARTICULARS OPENING PURCHASES CLOSING CONSUMPTION
Tin Alloy 9,311,482 62,382,848 9,334,140 62,360,190
Ethylhexyl Thiogycolate 7,889,219 2,432,083 2,938,856 7,382,446
Tinmate 261,417 102,804,532 1,463,413 101,602,536
Industrial Chemical-2EHTG 3,306,262 20,864,275 921,526 23,249,011
PVC Compound 13,305,176 46,681,124 - 59,986,300
TPR Compound 1,188,464 305,795,842 4,063,568 302.920,738
Hydrogen Peroxide 60%50 4,491,176 16,602,538 3,122,556 17,971,158
RSO Refined Soyabean Oil 7,423,739 89,539,853 139,035 96,824,557
Styrene Butadiene Copolymer 2,082,783 86,562,184 35,437,347 53,207,620
Thermal Plastic Elastomer 14,145,585 11,790,609 - 25,936,194
Methyl Chlori De Pure(Gas) 239,259 25,447,966 254,877 25,432,348
Others 166,746,378 43,830,625 137,195,788 73,381,215
Grand Total 230,390,940 814,734,479 194,871,106 850,254,313
DETAILS OF MATERIAL CONSUMED (In Rupees)

Raw Material
Consumption Raw Material 850,254,313 754,955,672
850,254,313 754,955,672
NOTE NO: - 23 PURCHASES OF STOCK IN TRADE (In Rupees)

Purchase of traded goods 606,896,999 610,392,461
606,896,999 610,392,461
Purchase of Stock in Trade includes following transactions with the related party:
PARTICULARS AMOUNT
Moonlite Technochem Private Limited 142,966,557
Sigma Plastic Industries 12,255,720
NOTE NO: - 24 CHANGES IN INVENTORIES (In Rupees)

Opening Stock 24,356,621 36,757,919
Closing Stock 29,243,890 24,356,621
(Increase)/Decrease in Inventory (4,887,269) 12,401,298

NOTE NO: - 25 EMPLOYEE BENEFITS EXPENSES (In Rupees)
Salary including Employee Benefits 30,519,451 23,847,429
Wages Including Benefits 1,187,205 1,039,235
Labour/Job Work Charges 3,550,310 1,000,021
Staff Welfare Expenses 811,659 946,566
Director Remuneration 360,000 360,000
36,428,625 27,193,251
NOTE NO: - 26 FINANCE COST (In Rupees)

Interest
Interest on Long Term Loans from Banks 8,044,680 4,077,013
Interest on other Borrowing 48,179,144 31,044,186
Other Borrowing Cost
Other Financing Charges 8,010,446 9,506,349
Total 64,234,270 44,627,548
NOTE NO: - 27 DEPRECIATION AND AMORTIZATION EXPENSES (In Rupees)

Depreciation 18,469,719 16,234,693
19,054,012 16,818,986

NOTE NO: - 28 OTHER EXPENSES (In Rupees)
Manufacturing and other Direct Expenses
Custom Duty 16,829,404 13,021,145
Freight 18,952,199 15,101,821
Loading and Unloading expenses 2,208,054 2,295,863
Power and fuel 15,363,390 13,410,537
Demurrage and Inland Haulage Charges 12,760,595 10,729,041
Consumption of Stores and Spare Parts 762,428 1,012,751
Other Expenses 416,047 -
Administrative Expenses
Foreign Exchange Fluctuation 5,710,078 6,009,973
Legal and Professional Charges 2,049,909 1,837,596
Conveyance Charges 935,502 732,846
Advertisement Expenses 2,175,416 1,488,492
Rent 6,83,752 1,110,380
Electricity Expenses 984,335 4,17,157
Communication Expenses 1,277,576 1,493,697
Tour and Travelling Expenses 1,865,993 3,213,069
Vehicle Running Expense 964,083 782,325
Repair and Maintenance of Plant and Machinery 133,787 1,069,335
Repair and Maintenance Expenses 1,246,150 250,515
Repair and Maintenance Building 82,408 319,059
Security Charges 1,383,738 1,127,253
Rates and Taxes 559,639 479,669
Insurance Expenses 1,208,526 591,676
Printing and Stationery 581,828 638,029
Director Sitting Fees 100,000 160,000
Statutory Auditors Remuneration 320,600 320,600
Internal Auditor Remuneration 493,110 522,100
Rebate and Discount - 833,924
Commission paid 423,843 315,273
Miscellaneous Expenses W/off 255,598 123,876
Prior Period Expenses 7,882,307 26,092
Other Interests 327,378 518,114
Other Expenses 7,516,643 5,176,634
106,454,318 85,128,842

29) Commitments
a) Capital commitment: There are no contracts remaining to be executed on capital account and not
provided for as at 31 March, 2014.
b) Lease commitment: The Company has taken various premises on operating leases. The lease rental of
Rs. 1,281,500/- (Previous year Rs. 1,470,000/-) has been charged to Profit and Loss Account for the
year ended March 31, 2014. The underlying agreements are executed for a period generally ranging
from one year to three years, renewable at the option of the Company and the lessor. There are no
restrictions imposed by such leases and there are no sub leases
The minimum rental payments to be made in future in respect of these operating leases are as under:
(In Rupees)
MINIMUM LEASE RENTALS AS AT 31-03-14 AS AT 31-03-13
Within one year 1,074,000 1,470,000
Later than one year, not later than five years 294,000 -
Total 1,368,000 1,470,000
30) There is no significant event that has been taken place after the date of Balance Sheet.
31) There is a Contingent Liability in form of Bank Guarantee of Rs. 1,412,200/- and Rs. 157,330,551/- in
respect of LC and duty saved against advance license is Rs. 53,495,888/-.The Company has given
Corporate Guarantee to the Bank of RS 160,000,000/-and 60,000,000/- for Moonlite Technochem Private
Limited which is 100% subsidiaries of Vikas Globalone Limited and Sigma Plastic Industries which is a
Partnership firm in which Vikas Globalone Limited holds 75% Shares.
32) Details of pending cases are given below:- (In Rupees)

Disputed demands/ show-cause notices under:-
-Direct Taxes
 Income Tax cases* 3,144,000 3,144,000
-Indirect Taxes
 Customs Duty cases 533,266 533,266
 VAT 88,000 88,000
 VAT (2011-2012) (Appeal pending Before Special 9,067,107 9,067,107
Commissioner, Department of Trade and Taxes)
*Note: The Appeal is pending in ITAT and rectification pending with AO.
Company has filed Civil Suit against ADM Agro Industries Kota and Akola Limited supplier of Soya Bean
Oil in High Court Delhi case No-CS OS No-198/214 of Amounting Rs.9, 961,516/- due to poor supply of
soya bean oil. Company has suffered a loss due to such poor quality of material supplied by them and
non recovery of money from debtors and it also affect goodwill of the Company. The ADM Agro Industries
Kota and Akola Limited is also filed winding up Petition against company in High Court case no CO PET
No-64/2014 due to non-payment of Rs 4,115,664/- along with interest at the rate of 18% from the due
date of payment.
33) Segmental reporting:-

The segment reporting of the company has been prepared in accordance with accounting standard (AS-17)
Accounting for Segment Reporting issued by The Institute of Chartered Accountant of India.
The Company has determined the following business segments as the primary segments for disclosure:
a) Chemical Division
b) Real estate Division
The geographical Segment consists of:
 Domestic (Sales to customers located in India)
 International (Sales to customers located outside India)
The above business segments have been identified and reported considering:
- The nature of the services
- The related risk and returns
- The internal financial reporting systems
Purchase directly attributable to segments is reported based on items that are individually identifiable to
that segment.
Common allocable costs are allocated to each segment to that common cost.
(In Rupees)
Segment Revenue
Chemical Division 1,711,408,554 1,576,180,791
Real Estate Division 4,500,000 4,626,569
Total 1,715,908,554 1,580,807,360
Segment Expenditure
Real Estate Division 22,000 1,172,994
Total 1,611,016,331 1,501,023,643
Segment Results
Chemical Division 100,414,223 76,330,142
104,892,223 79,783,717
Less : Interest 64,234,270 44,627,649
Profit before Tax 40,657,953 35,156,068
Capital Employed
Total 400,873,000 368,726,391
Geographical Revenue
Domestic Revenue 1,425,868,198 1,387,100,864
Export Revenue 290,040,356 193,706,496
Total Revenue 1,715,908,554 1,580,807,360
Segment revenue, results, assets and liabilities include amounts identifiable to each segment and amounts
allocated on a reasonable basis based on their relationship to the operating activities of the segment.

34) The company had not received information from suppliers regarding their status under the “Micro, Small
and Medium Enterprises Development Act 2006” and accordingly no disclosure regarding overdue
outstanding of principal amount and interest thereon has been given.
35) Goodwill: Goodwill arises upon the acquisition of subsidiaries, associates and Joint venture. Goodwill is
amortised over the 5 years from the financial year in which the acquisition is accounted for. During the year
a sum of Rs 584,393/- has been amortized and has been shown under the schedule of Fixed Assets
“Schedule No-11”.
36) In the opinion of the Board of Directors of the Company, all Current Assets, Loans and Advances appearing
in the balance sheet as at March 31, 2014 have a value on realization in the ordinary course of the
Company’s business at least equal to the amount at which they are stated in the balance sheet. Certain
balances shown under current assets, current liability, loans and advances and balances with banks,
are subject to confirmation / reconciliation.
37) In the opinion of the Board of Directors, no provision is required to be made against the recoverability of
these balances except provided.
38) Employee Benefit Obligation:-

During year ended March 31, 2014 the Company has contributed Rs. 300,692/- to provident fund under
defined contributions plan of Employees’ Provident Fund and Miscellaneous Provisions Act, 1952.
During the year ended 31st March 2014, the Company has made a provision of Rs 1,376,240/- in respect of
provision for gratuity and defined benefits as per actuarial valuation made as per AS-15.
The Company has taken Group Gratuity Scheme for the employees from the LIC of India. Contribution
made by the during the year is Rs 344,060/- and total contribution payable is Rs 1,376,240/- and balance
amount is payable in other 3 installments in next Financial Year.
The Actuarial data for Group Gratuity Scheme is as follows:
PARTICULARS Amount (in Rs)

Initial Contribution 1,063,234
Additional Contribution on Existing Fund -
Current Service Cost 296,748
LC Premium 16,258
Total Amount Payable 1,376,240
39) As per the best estimate of the management, no provision is required to be made as per Accounting
Standard 29 (AS 29) Provisions, Contingent Liabilities and Contingent Assets as notified under the
Companies (Accounting Standards) Rules, 2006, as amended, in respect of any present obligation as a
result of a past event that could lead to a probable outflow of resources, which would be required to settle
the obligation.

40) Prior Period Items: - (In Rupees)
Expenses:-
Legal & Professional charges 34,155 -
Telephone expenses - 18,663
Provident Fund - 565
Staff Welfare - 6,864
Freight charges 188,000 -
Deferred Employee Compensation A/c 7,551,094 -
General Exp 85,699 -
Dividend Distribution Tax 23,259 -
Total 7,882,207 26,092
41) Disclosures in respect of Accounting Standard (AS) 18 “Related Party Disclosures” as notified under the
Companies (Accounting Standards) Rules, 2006, as amended:
Names of related parties and description of relationship:

NATURE OF RELATIONSHIP NAME OF PARTY
Subsidiary Company (100% share) Moonlite Technochem Private Limited

Sigma Plastic Industries (Partnership Firm)
Associates holds (75% Share)
Mr. Vikas Garg (Managing Director)
Key Management Personnel
Mr. Vivek Garg (Whole Time Director)
Mr. Nand Kishore Garg, Mrs. Usha Garg,
Relative of Key management Personnel Mrs. Seema Garg, Mrs Namita Garg
Vikas polymer Land Private Limited, Suku
Other Related Parties Innovatives, R.P.Gupta, Vikas polymer (India)
The following transactions were carried out during the year with related parties in the ordinary course of
business:
(In Rupees)
Other
KMP &
NATURE OF TRANSACTION SUBSIDIARY ASSOCIATES Relates TOTAL
RELATIVE
Parties
Sales 27,063,030 10,204,423 - 8,256,313 45,523,766
Purchase 142,966,557 12,255,720 - 6,464,000 161,686,277
Investment in shares 27,631,800 18,505,845 - 46,137,645
Rent Paid - - 1,196,500 1,196,500
Director Remuneration - - 360,000 360,000
Unsecured Loan - - - -
Receipt and Payment - - - 26,62,300 26,62,300
TOTAL 197,661,387 40,965,988 1,556,500 17,382,613 257,566,488

PARTICULARS Amounts (in Rs)
A. FIXED ASSETS
Assets Purchased during the year
Related party -
Assets Sold during the year
Related party -
B. NON CURRENT INVESTMENT
Subsidiaries
Opening Balance 24,710,336
Purchased/Subscribed during the year 10,000,000
Closing Balance 34,710,336
Associates
Opening Balance 50,711,179
Purchased/Subscribed during the year 3,184,666
Withdraw During the year 35,390,000
Closing Balance 18,505,845
C. TRADE RECEIVABLES AS ON 31ST MARCH
Subsidiaries -
Associates -
Other Related Party -
D. ADVANCES TO CUSTOMER GIVEN AS ON 31ST MARCH
Subsidiaries -
Associates -
E. ADVANCES RECEIVED FROM CUSTOMER AS ON 31ST MARCH
Subsidiaries 17,532,353
Associates 39,773,000
Other Related Party 3,971,859
F. TRADE PAYABLE AS ON 31ST MARCH
Subsidiaries -
Associates -
G. REVENUE FROM OPERATION AS ON 31ST MARCH
Other Related Party 8256,313
H. CORPORATE GURANTEES GIVEN AS ON 31ST MARCH
In accordance with AS 18, disclosures in respect of transactions with identified related parties are given
only for such period during which the relationship existed.
42) Earnings per share:-

Basic earnings per share are computed by dividing the net profit/ (loss) attributable to equity
shareholders, for the year by the weighted average number of equity shares outstanding during the
year.
(In Rupees)
Net Profit/(Loss) After Tax as per Profit & Loss Account (in Rs) 33,245,537 34,228,273
Weighted average no of shares outstanding during the year 101,041,169 101,039,370
Basic and diluted Earnings Per Share (in Rs)* .33 .34
Nominal value per Equity Share (in Rs)* 1/- 1/-

*During the year, a stock split occurred when the Board of Directors of the company authorize a
change in the face value or stated value of shares from Rs 10/- per share t0 Rs 1/- per share.
Therefore to make figure of current year comparable with the previous year, the previous year no of
equity shares has been shown as 101,039,370 equity shares of Rs 1/- instead of actual 10,103,937
equity shares of Rs 10/- each.
43) Deferred Tax:-

In compliance with Accounting Standard 22 (AS 22) - Accounting for Taxes on Income, as notified
under the Companies (Accounting Standards) Rules, 2006, as amended, the Company has recognized
deferred tax liabilities (net) in the Profit and Loss Account of Rs.118,162 /- (Previous year Rs.
538,511/-) during the year ended March 31, 2014.
The breakup of Deferred Tax Liabilities into major components as at March 31, 2014 is as under:
(In Rupees)
DEFERRED TAX LIABILITIES
Arising on account of temporary differences due to:
Excess of Book WDV of Fixed Assets over Tax WDV of Fixed 3,520,136 3,401,974
Assets
3,520,136 3,401,974
Total
44) In the AGM of the Company held on 28th September 2011, the members of the company passed a resolution
for introducing a Stock Compensation Plan called the Employees Stock Option scheme,2011(ESOS 2011),
for the benefit of employees of the Company. The resolution also accorded approval for the Board of
Directors, to formulate the Scheme as per board parameters outlined in the resolution, either directly or
through a committee. Accordingly, a committee of directors called Compensation committee was
constituted. The Scheme has been approved by the Stock exchange on 7th May 2012 (NSE) and 2nd May
2012 (BSE). The Compensation Committee at its meeting held on 2nd June 2012 has granted Stock Option
to the eligible employees and accordingly the option will be granted shall vest over a period of 3 years, or as
may be decided by the CC, as per schedule as under
Year from the date of Grant Vesting of Options Granted
End of first Year 30 % of the Grant
End of Second Year 30 % of the Grant
End of third year 40 % of the Grant
There shall be a minimum period of one year between grant date and the vesting period for the first lot of
vesting of granted options. The interval between the subsequent lots shall be one year.
During the year the Company has granted shares on compensation meeting held on 31st March 2014 under
Employee stock option as per scheme made by company in year 2011(ESOP 2011). The no of shares vested
by allottees under scheme is 656,500 shares of Rs 1/- (Face Value of Rs.10 each). Details are as follows

45) The Company has not entered into any foreign exchange derivative instruments during the year.
46) The scheme of amalgamation was filed under section 391 read with section 394 of the companies Act 1956
w.e.f. April 1, 2007 for the amalgamation of the following three transferor companies a) Hulchul
International Private Limited, b) Vikas Utilities Private Limited, c) South Delhi Projects Private Limited, With
the transferee company Vikas Globalone Limited (formally known as Vikas Profin Limited).
The same has been approved by the High Court wide order no 18457/1 dated October 17, 2008. The
amalgamation has been accounted for the manner specified in the Scheme, The Surplus of Rs. 965,934/-
arising out of amalgamation is shown under the head Capital Reserve Account.
47) During the year Company has transferred a sum of Rs 75.51/- Lacs relating to Employee Compensation
Expenses to prior period expenses being expenses relating to previous year.
48) Additional information pursuant to the provision of paragraph 3, 4, 4A, 4B, 4C and 4D of Part II of Schedule
VI of the Companies Act, 1956 to the extent applicable are as follows:-
a. Managerial remuneration: (In Rupees)

Salaries 360,000 360,000
Employer’s Contribution to Provident Fund - -
TOTAL 360,000 360,000
b. Auditors remuneration: (In Rupees)

Audit Fees & Tax Audit 320,600 320,600
c. Expenses incurred in foreign currency during the year ended March 31, 2014 aggregates to:-
(In Rupees)
Expenditures:-
Purchase 410,090,370 379,590,659
Foreign Travelling 544,254 1,693,627
TOTAL 410,634,624 381,284,286
d. CIF value of imports:

(In Rupees)
Raw Material Purchased 410,090,370 379,590,659
Capital Goods(Including Spares) - -
TOTAL 410,090,370 379,590,659
e. CIF value of export made during the year included in the sales amounting Rs. 290,040,356.32/-
(Previous Year: Rs. 193,706,496/-)

49) Disclosures as required by Clause 32 of the Listing Agreement
Particulars AS AT 31-03-14 AS AT 31-03-13
A. LOANS AND ADVANCES
Loans and Advances given to Subsidiary
- Moonlite Technochem Private Limited - -
Loans and Advances given to Associates
- Sigma plastic Industries - -
B. CONSUMPTION OF RAW MATERIAL
- Raw Material Consumed 850,254,313 754,955,672
C. DETAILS OF CONSUMTION OF IMPORTED AND
INDIGENOUS STOCK
- Imported 236,982,325 194,468,441
- Indigenous 613,271,988 560,487,231
D. EARNING IN FOREIGN EXCHANGE
- Sale of Goods 290,040,000 193,700,000
50) Previous year’s figures have been regrouped, where necessary to confirm with current year’s classification.

AUDITOR'S REPORT
To the Members of M/s Vikas Globalone Limited
Report on the Financial Statements
We have audited the accompanying Consolidated financial statements of M/s Vikas

Globalone Limited (VGL “the Company"), and its Subsidiary and its Associates (VGL “Group”)
which comprise the Consolidated Balance Sheet as at March 31, 2014, and the
Consolidated Statement of Profit and Loss and Consolidated Cash Flow Statement for the
year then ended, and a summary of significant accounting policies and other explanatory
information. As we have not Audited the Financial Statements of the Subsidiary, While
preparing the Consolidated financial Statement we have relied on the Audit report and notes of
the fellow Auditors who have audited the same.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation of these Consolidated financial statements that
give a true and fair view of the financial position, financial performance and cash flows of the
Company in accordance with the Accounting Standards notified under the Companies Act,
1956 ("the Act") read with the General Circular 15/2013 dated 13th September’ 2013 of the
Ministry of Corporate Affairs in respect of Section 133 of the Companies Act’ 2013 and in
accordance with the accounting principles generally accepted in India.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with the Standards on Auditing issued by the Institute
of Chartered Accountants of India. Those Standards require that we comply with ethical
requirements and plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free from material misstatement. An audit involves performing
procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditor's judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to
fraud or error. In making those risk assessments, the auditor considers internal control
relevant to the Company's preparation and fair presentation of the financial statements in
order to design audit procedures that are appropriate in the circumstances.
Opinion
the financial statements give the information required by the Act in the manner so required
and give a true and fair view in conformity with the accounting principles generally accepted in
India:
(a) in the case of the Consolidated Balance Sheet, of the state of affairs of the Company as
at March 31, 2014;

(b) in the case of the Consolidated Profit and Loss Account, of the profit for the year ended
on that date; and
(c) in the case of the Consolidated Cash Flow Statement, of the cash flows for the year ended
on that date.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor's Report) Order, 2003 ("the Order") issued by the
Central Government of India in terms of sub-section (4A) of section 227 of the Act, we give in
the Annexure a statement on the matters specified in paragraphs 4 and 5 of the Order.
2. As required by section 227(3) of the Act, we report that:
a. we have obtained all the information and explanations which to the best of our
knowledge and belief were necessary for the purpose of our audit;
b. in our opinion proper books of account as required by law have been kept by the
Company so far as appears from our examination of those books
c. the Consolidated Balance Sheet, Statement of Profit and Loss, and Cash Flow
Statement dealt with by this Report are in agreement with the books of account;
d. in our opinion, the Consolidated Balance Sheet, Statement of Profit and Loss,
and Cash Flow Statement comply with the Accounting Standards notified under
the Act read with the General Circular 15/2013 dated 13th September 2013 of
the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act,
2013;
e. on the basis of written representations received from the directors as on March

31, 2014, and taken on record by the Board of Directors, none of the directors is
disqualified as on March 31, 2014, from being appointed as a director in terms
of clause (g) of sub-section (1) of section 274 of the Companies Act, 1956.

(Tarun Kumar Batra)

(Partner)
Place :- New Delhi

Date :- 24.05.2014

CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH, 2014 (In Rupees)
PARTICULARS NOTE AS AT 31-03-14 AS AT 31-03-13
EQUITY AND LIABILITIES
Shareholder's Funds
Share Capital 2 101,695,870 101,039,370
Reserves and Surplus 3 318,531,964 275,573,103
Minority Interest 1,390,361 3,853,806
Non-Current Liabilities
Long-term borrowings 4 80,310,689 58,151,423
Deferred tax liabilities (Net) 5 3,105,931 2,925,729
Other Long-term Liabilities 6 1,376,240 706,274
Current Liabilities
Short-term borrowings 7 589,048,565 481,136,421
Trade payables 8 346,931,393 334,997,986
Other current liabilities 9 85,180,769 82,979,371
Short-term provisions 10 13,652,779 8,029,024
TOTAL 1,541,224,561 1,349,392,507
ASSETS
Non-current assets
Fixed assets
-Tangible Assets 11 228,429,498 196,119,565
-Intangible Assets 584,292 1,168,585
Deferred tax assets (net) -
Non - Current Investment 12 344,060
Long term loans and advances 13 3,241,459 1,518,779
Other non-current assets 14 8,840,389 8,613,682
Current assets
Inventories 15 262,600,425 298,166,025
Trade receivables 16 794,492,991 687,637,459
Cash and cash equivalents 17 5,031,256 5,346,533
Short-term loans and advances 18 191,508,729 148,133,654
Other Current assets 19 46,151,462 2,688,225
TOTAL 1,541,224,561 1,349,392,507
Notes Forming Part of Financial Statement 1-50


CONSOLIDATED PROFIT AND LOSS STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2014 (In Rupees)
PARTICULARS NOTE
Revenue
Revenue from Operations 2,577,848,123 2,598,910,599

Less: Excise Duty (77,917,329) (77,484,697)
Net Sales 20 2,499,930,794 2,521,425,902
Other Income 21 28,486,245 20,412,108
Total Revenue 2,528,417,039 2,541,838,010

Expenses
Cost of Material Consumed 22 863,768,907 792,071,309
Purchases of Stock-in-Trade 23 1,340,907,589 1,462,400,255
Changes in inventories of finished goods 24 (5,853,766) 19,607,394
Employee benefit expense 25 38,380,846 30,497,838
Financial costs 26 91,548,114 64,376,029
Depreciation and amortization expense 27 21,663,529 19,658,811
Other Expense 28 130,003,431 111,972,877
Total Expenses 2,480,418,650 2,500,584,513
Profit before exceptional, extraordinary and Tax 47,998,389 41,253,497
Exceptional Item - -
Profit before extraordinary and Tax 47,998,389 41,253,497
Extraordinary Items
Profit before tax 47,998,389 41,253,497
Tax expense:
Current tax (7,703,824) (2,157,499)
Deferred tax (180,202) (619,526)
Mat Credit Availed (2,781,195)
Excess/ Short provision relating earlier year tax (127,674) 164,455
Profit(Loss) from the period from continuing
operations 37,205,495 38,640,927
Profit/(Loss) from discontinuing operations - -
Tax expense of discounting operations - -
Profit/(Loss) from Discontinuing operations - -
Profit/(Loss) for the year before Minority Interest 37,205,495 38,640,927
Minority Interest , (1,061,555) (1,955,589)
Earning per equity share:
(1) Basic (Note no-41) 0.36 0.36
(2) Diluted (Note no-41) 0.36 0.36
Notes Forming Part of Financial Statement 1-50

PLACE : NEW DELHI RAKESH KAUSHIK SUNIL MALIK

CONSOLIDATED CASH FLOW STATEMENT FOR THE PERIOD ENDED ON 31ST MARCH 2014 (In Rupees)
PARTICULARS
A. CASH FLOW FROM OPERATING ACTIVITIES
Net profit (loss) before extraordinary items 47,998,389 41,253,497
Adjustments for:
Depreciation 21,079,236 19,074,518
Employee stock option 12,763,877 -
Provision for income tax - 164,455
interest expenses 91,548,114 64,376,029
interest on current investments (6,790,055) (4,386,502)
Operating Profit (Loss) before working capital changes 167,183,854 121,066,290
Adjustments for:
(increase)/Decrease in inventories 35,565,600 (79,286,150)
(increase)/Decrease in trade receivables (106,855,532) (286,043,947)
(increase)/Decrease in other current assets (43,463,237) 123,876
(increase)/Decrease in loans and advances (40,015,585) (10,498,889)
(increase)/Decrease in trade payables 11,933,407 176,638,334
(increase)/Decrease in other liabilities (405,303) (1,348,439)
(increase)/Decrease in provisions 669,966 1,113,295
Cash generated from operations 24,613,170 (78,235,630)
Direct taxes (paid)/refunded (10,375,246) (2,157,499)
Net Cash flow from (used)in operating activities 14,237,924 (80,393,129)
B.CASH FLOW FROM INVESTING ACTIVITIES
Purchase of tangible fixed assets (53,389,168) (19,122,842)
Purchase /Sale of other Investments (344,060) 50,000
Sale of tangible fixed assets - 1,753,861
Other interest received 6,790,055 4,386,502
Other investing activities net (1,061,555) (1,955,589)
Net cash flow from (used) in investing activities (48,004,729) (14,888,068)
C. CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from long term borrowings 904,816
Proceeds from short term borrowings 107,912,144 160,078,533
Repayments of long term borrowings 22,159,266 -
Interest Paid on bank borrowings (91,548,114) (64,376,029)
Proceeds from issuance share capital on exercise of stock option 656,500 -
Dividend paid (4,908,713) (5,051,969)
Dividend distribution tax paid on equity shares (819,557) (819,556)
Net cash flow from (used) in financing activities 33,451,528 90,735,795
Net increase (decrease) in cash and cash equivalents (315,227) (4,545,402)
Cash and Cash Equivalents at the beginning of the year 5,346,533 9,891,935
Cash and Cash Equivalents at the end of the year 5,031,256 5,346,533
Notes Forming Part of Financial Statement



NOTE 1: NOTES TO ACCOUNTS
1. Background and nature of operations
Vikas GlobalOne Limited (VGL) is a Delhi based professionally managed company incorporated on 30th
November, 1984 under the Companies Act, 1956, having its registered office at Vikas House, 34/1, East
Punjabi Bagh, New Delhi-110026 and is actively engaged in the business of Manufacturing and
Distribution of Specialty Polymers Compounds and Additives. The company is listed in National Stock
Exchange of India (NSE), Bombay Stock Exchange (BSE) and Delhi Stock Exchange (DSE).
The company is engaged in the business of manufacturing and distribution of high end products used in
Agricultural Pipes, Auto Parts, Wires and Cables, Artificial Leather, Footwear, Organic Chemicals,
Polymers, Pharmaceuticals and Packaging industries while alongside acting as distributor of global
conglomerates with niche in specialty chemicals and polymers.
Manufacturing plants of the company are spread in various geographical locations across India, in the
state of J&K and Rajasthan. This has been done keeping in mind the strategic and location advantages
with regard to availability of raw material, tax incentives, subsidy grants as well as market potential for
finished goods. These industrial units have speedy connectivity to Road, Rail and Air transport. The
company has built the plants with the best of the machineries and technical knowhow available from the
world’s leading suppliers. The manufactured products of the company have been well received in the
market and have further scope of greater development with increased production capacities. The products
manufactured by the Company are environmental friendly.
Moonlite Technochem Private Limited was incorporated on 19th November 1995 with the name of
Akshatha Management Consultants Private Limited. Thereafter the name of the company changed to
Akshatha Services Private Limited vide a fresh certificate of incorporation issued by Registrar of Companies
dated 29th May 2001 and then to Moonlite Technochem Private Limited vide a fresh certificate of
incorporation issued by Registrar of Companies dated 29th day of December 2008. The registered office of
the company is located at A-520, Pocket-III, Paschim Puri, and New Delhi-110063. The company is not
listed in any Stock Exchange. It is wholly own subsidiary of Vikas GlobalOne Limited. Presently company is
engaged in the business of Trading in Specialty chemicals and compounds.
Sigma Plastic Industries is the Partnership firm (where Vikas Globalone Limited holds 75% Share) engaged
in the business of manufacturing high speed specialty plastic compound. The firm owns a manufacturing
plant located at Industrial Growth Centre, Phase – I, SIDCO Complex, Dist – Samba – 184121. It is a
subsidiary Enterprise of the Vikas GlobalOne Limited. The firm has sound financial track records.
2. Summary of significant accounting policies
a. Basis of presentation:
These financial statements have been prepared in accordance with the generally accepted accounting
principles in India under the historical cost convention on accrual basis. These financial statements have
been prepared to comply in all material aspects with the accounting standards notified under Section
211(3C) (which continues to be applicable in terms of General circular 15/2013 dated September 13,
2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013), other
relevant provisions of the Companies Act, 1956(to the extent applicable), the provisions of Companies
Act, 2013 (to the extent notified) & guidelines issued by the SEBI. The accountings policies have been
consistently applied by the Company are consistent with those used in the previous year.

b. Basis of Consolidation and Preparation
The Consolidated Financial Statements are prepared in accordance with Accounting Standard 21 (AS 21)
on Consolidated Financial Statements as notified under the Companies (Accounting Standards) Rules,
2006, as amended. Reference in these notes to the Company, Holding Company, Companies or Group
shall mean to include Vikas Globalone Limited (“VGL”) (“The Company”) or any of its subsidiaries and
associates, unless otherwise stated.
c. Principles of Consolidation:
The Consolidated Financial Statements comprise of the Financial Statements of Vikas Globalone Limited
(“Parent Company”) and it’s Subsidiary Enterprises and associated concerns. The Consolidated Financial
Statements are prepared according to uniform accounting policies, in accordance with accounting
principles generally accepted in India.
The Consolidated Financial Statements are combined on a line-by-line basis by adding together the book
values of like items of assets, liabilities, income and expenses, after fully eliminating intra-group
balances and intra-group transactions resulting in unrealised profits or losses in accordance with
Accounting Standard 21 (AS 21) Consolidated Financial Statements as notified under the Companies
(Accounting Standards) Rules, 2006, as amended.
d. Minority Interest:
Minority interest is the net worth of consolidated subsidiaries consists of the amount of equity attriable
to the Minority shareholders at the date on which investments in the subsidiary companies are made
and further movement in their shares in the equity subsequent to the date of investments.
e. Goodwill / Capital Reserve:
The difference between the cost of investment in the subsidiaries and the net assets at the time of
acquisition of shares in the subsidiaries is recognised in the Consolidated Financial Statements as
Goodwill or Capital Reserve as the case may be. Goodwill/Capital Reserve represents the difference
between the Company’s share in the net worth of subsidiaries and the cost of acquisition at each point
of time of making the investment in the subsidiaries. For this purpose, the Company’s share of net
worth is determined on the basis of the latest financial statements of such subsidiaries, prior to the
acquisition, after making necessary adjustments for material events between the date of such financial
statements and the date of respective acquisition.
f. Companies included in consolidation:
Name of the Enterprise Proportion of Year / period ended included in

ownership interest consolidation
Moonlite Technochem Private Limited 100.00% April 01,2013 to March 31, 2014
Sigma Plastic Industries (Partnership
Firm) 75.00% April 01, 2014 to March 31, 2014
The significant accounting policies adopted by the Company, in respect of the financial statements are
set out below.
g. Use of estimates
The preparation of financial statements in conformity with generally accepted accounting principles
requires management to make estimates and assumptions that affect the reported amounts of assets
and liabilities and disclosure of contingent liabilities at the date of the financial statements and the
results of operations during the reporting year end. Although these estimates are based upon
management’s best knowledge of current events and actions, actual results could differ from these

estimates. Hence, the differences between the actual results and estimates are recognized in the year
in which the results are known / materialized.
h. Inventories
vii) Raw Material/Trading is valued at lower of cost OR net realizable value.

viii) Finished products are valued at lower of cost OR net realizable value. Cost being the weighted
average material cost & includes cost of conversion & other cost incurred in bringing the goods to
their present location & condition. Closing balance of finished stock are accounted for on the basis
of physically verified quantities.
ix) Packing Material, stores & spares parts are valued at lower of moving weighted average cost and
net realizable value.
x) Inventory on construction activities has been valued at cost incurred.
xi) Obsolescence: Obsolete, slow moving & defective inventories are identified at the time of physical
verification of inventories & wherever necessary provision is made for such inventories.
xii) Shortage / Excess of Packing Material, Stores & spares parts and finish goods arising from
physical verification are charged/adjusted to consumption/production.
i. Prior Period Items: Significant items of Income and Expenditure which relates to prior
accounting period are accounted in the statement of profit and loss under the head “prior period
items” other than those occasioned by events occurring during or after the close of the year and
which are treated as relatable to the current year.
j. Fixed assets, depreciation and amortization:
Fixed assets are stated at cost of acquisition less accumulated depreciation and impairment of losses if
any. The Company capitalizes all direct costs relating to the acquisition and installation of fixed assets.
Advances paid towards the acquisition of fixed assets outstanding at each balance sheet date and the
cost of fixed assets not ready to use before such date are disclosed under ‘Capital advances’.
 Depreciation on fixed assets is computed using written down value method, as per the rates and as
per the manner prescribed in Schedule XIV of the Companies Act, 1956.
 Depreciation on additions / deletions to fixed assets is provided on pro-rata basis from/till the date
the asset is put to use / discarded. Individual assets costing less than Rs. 5,000 are fully depreciated
in the year of purchase.
k. Impairment of Assets:
At each balance sheet date, the Company assesses whether there is any indication that an asset may
be impaired, based on internal or external factors. If any such indication exists, the Company
estimates the recoverable amount of the asset or the cash generating unit. If such recoverable amount
of the asset or cash generating unit to which the asset belongs is less than its carrying amount, the
carrying amount is reduced to its recoverable amount. In assessing value in use, the estimated future
cash flows are discounted to their present value at the weighted average cost of capital. After
impairment, depreciation is provided on the revised carrying amount of the asset over its remaining
useful life. The reduction is treated as an impairment loss and is recognized in the Profit and Loss
Account. If, at the balance sheet date there is an indication that a previously assessed impairment loss
no longer exists, the recoverable amount is reassessed and the asset is reflected at the reassessed
recoverable amount. Impairment losses previously recognized are accordingly reversed.
Goodwill arising on acquisition is amortized over a five year period.

l. Investments
Investments are classified as long term or current investments. Long term investments are stated at
cost and provision for diminution in their value, other than temporary, is recorded in the books of
account. Current investments are stated at the lower of cost or fair value. 100 % Provision has been
made in case the realizable value is uncertain.
m. Revenue recognition
Revenue is recognized to the extent it is probable that the economic benefits will flow to the Company
and the revenue can be reliably measured.
Sale of goods: - Revenue from sale of goods is recognized when significant risks and rewards of
ownership of goods are transferred to the customers. Sales are net of sales return, free quantities
delivered and trade discounts.
Interest: - Interest income from deposits and others is recognized on accrual basis (i.e. time proportion
basis).
Construction Contract:-The Company follows complete contract method of accounting in respect of

its construction activity. Under this method, the profit on unit sold is recognized only when the work in
respect of the relevant unit is completed or substantially completed which is determined on technical
estimations and the underlying sale deed is executed.
Profit on sale of investment: - Profit on sale of investment is recognized on the date of transaction of
sale and is computed with reference to the cost of investments.
n. Borrowing Costs:
Borrowing costs attributable to the acquisition, construction or production of qualifying assets are
capitalized as part of cost of the asset. A qualifying asset is one that necessarily takes substantial
period of time to get ready for its intended use. All other borrowing costs are charged to revenue in the
year in which they are incurred.
o. Earnings per share
Basic earnings per share are calculated by dividing the net profit or loss for the year attributable to
equity shareholders by the weighted average number of equity shares outstanding during the year.
For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable
to equity shareholders and the weighted average number of shares outstanding during the year are
adjusted for the effects of all dilutive potential equity shares.
p. Operating leases
Leases of assets under which all the risks and rewards of ownership are effectively retained by the
lessor are classified as operating leases. Lease payments under operating leases are recognized as an
expense on a straight-line basis over the lease term in accordance with Accounting Standard 19 (AS
19) - Leases as notified under the Companies (Accounting Standards) Rules, 2006, as amended.
q. Cash & cash equivalent
Cash and cash equivalents in the balance sheet comprise cash at bank and in hand and short-term
investments with an original maturity of three months or less.

r. Cash Flow Statement
Cash Flows are reported using indirect method, whereby profit before tax is adjusted for efforts of
transactions of non cash nature and any deferral or accruals of any past or future cash receipts or
payments. The Cash Flows from regular revenue generating, financing and investing activity of the
Company segregated.
s. Employees retirement benefits
 Short Term Employee Benefits:

Short term employee benefits are recognized as Expenditure in the profit and loss accounts of the year
in which the related services are rendered.
 Post Employment Benefits:

 Defined Contribution plans:
Contribution payable by the company to the Central Government authorities in respect of
Provident fund, Family Pension fund and Employee State Insurance are defined plans. These
contributions are recognized as expenses in the statement of Profit and Loss during the period
in which the employee renders the related services. The company does not have any further
obligation in this respect beyond such contribution.
 Defined Benefit Plans:

Gratuity are covered under the Gratuity Policy respectively, of Life Insurance Corporation of India
(LIC).The Present Value of the Obligation is determined by using projected unit Credit method.
Actuarial Gains and Loss rising on such valuation are recognized immediately in the profit and loss
account .During the year company has taken new gratuity policy.
t. Taxes on Income
Tax expense comprises of current tax and deferred tax.
Current income tax is measured at the amount expected to be paid to the tax authorities in accordance
with the Indian Income Tax Act 1961.
Deferred income taxes are recognized for the future tax consequences attributable to timing differences
between the financial statement income and taxable income for the year. The effect on deferred tax
assets and liabilities of a change in tax rates is recognized in income using the tax rates and tax laws
that have been enacted or substantively enacted by the balance sheet date.
Deferred tax assets are recognized and carried forward only to the extent that there is a reasonable
certainty that sufficient future taxable income will be available against which such deferred tax assets
can be realized. Unrecognized deferred tax assets of earlier periods are re-assessed and recognized to
the extent that it has become reasonably certain that future taxable income will be available against
which deferred tax assets can be realized.
Minimum Alternative Tax(MAT) paid in accordance with the Tax Laws in India, which give rise to future
economic benefits in the form of adjustment of future income tax liability is considered as an asset if
there is convening evidence that the company and its subsidiary will pay normal income tax after the
tax holiday period. Accordingly mat is recognized as an assets in the Balance Sheet when the asset can
be measured and it is probable that the future economic benefits associated with.
u. Provisions, Contingent Liabilities and Contingent Assets
Provisions are recognized only when there is a present obligation, as a result of past events, and when
a reliable estimate of the amount of obligation can be made. Provisions are not discounted to its
present value and are determined based on management estimate required to settle the obligation at

the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the
current management estimates. Contingent liability is disclosed for:
i) Possible obligations which will be confirmed only by future events not wholly within the control of
the Company or,
ii) Present obligations arising from past events where it is not probable that an outflow of resources
will be required to settle the obligation or a reliable estimate of the amount of the obligation cannot
be made.
Contingent Assets are not recognized in the financial statements since this may result in the
recognition of income that may never be realized.
v. Foreign Currency Transactions:
As stipulated in Accounting Standard 11, the effects of changes in foreign exchange rates, notified
under the Companies (Accounting Standards) Rules, 2006, as amended.
v). Initial Recognition

Foreign currency transactions are recorded in the reporting currency, by applying the exchange
rate between the reporting currency and the foreign currency at the date of the transaction to the
foreign currency amount.
vi). Conversion
Foreign currency monetary items are converted to reporting currency using the closing rate. Non
monetary items denominated in a foreign currency which are carried at historical cost are reported
using the exchange rate at the date of the transaction; and non-monetary items which are carried
at fair value or any other similar valuation denominated in a foreign currency are reported using
the exchange rates that existed when the values were determined.
vii). Exchange Differences
Exchange differences arising on the settlement of monetary items or on reporting company’s
monetary items at rates different from those at which they were initially recorded, are recognized
as income or expense in the year in which they arise except those arising from investments in non-
integral operations.
viii). Forward Exchange Contract: In case of forward Exchange contract, difference between the
forward rates and the exchange rate on the date of transaction is recognized as expenses or income
over the life of the contract. Exchange difference on such contract is recognized in the statement of
profit and loss in the year in which the exchange rates change. Any profit or loss arising on
cancellation or renewal of forward exchange contract is recognized as income or expenses for the
year.
w. Government Grants:
Government grants are recognized when there is reasonable assurance that the group will comply with
the condition attaching to them and grants will be received. Revenue grants are recognized in the
statement of Profit and loss account. Capital grants relating to Specific Fixed Assets are reduced from
gross value of respectively fixed assets and other grant are credited to capital reserve account.
x. Employee Stock Option Scheme:
The Company will follow the accounting guidelines which have been issued by Securities and Exchange
Board of India under Section 11 of the Securities and Exchange board of India Act’1992 and SEBI
(Employee Stock option Scheme and Employee Stock Purchase Scheme) Guidelines 1999.

NOTE NO: - 2 SHARE CAPITAL (In Rupees)
AUTHORIZED CAPITAL
(1,59,500,000 shares of Rs. 1 each)
(Previous year it was 1,59,50,000 shares of Rs. 10 each) 159,500,000 159,500,000
ISSUED , SUBSCRIBED & PAID UP CAPITAL
1,01,695,870 Equity Shares of Rs. 1/- each, Fully Paid up
101,695,870 101,039,370
(Previous year it was 10,103,937 shares of Rs. 10 each)
101,695,870 101,039,370
Reconciliation of the shares outstanding at the beginning and the end of the reporting year
No of Shares Amount No of Shares Amount
Shares outstanding at the beginning of the year 10,103,937 101,039,370 10,103,937 101,039,370
Bonus Shares Issued during the year - - - -
Shares bought back during the year - - - -
Shares issued during the Year(ESOP) 656,500 656,500 - -
Shares outstanding at the end of the year 101,695,870 101,695,870 10,103,937 101,039,370
Details of Shareholders holding shares more than 5% shareholding

No of Shares % No of Shares %
Vikas Garg 23,644,900 23.25% 23,644,900 23.40%
Vikas Polymerland Private Limited 1,0,329,630 10.16% 1,0,329,630 10.22%
Goodlife Impex Private Limited 1,1,970,000 11.77% 1,1,970,000 11.85%
Alankit Assignments Limited 6,679,120 6.57% 6,679,120 6.61%
Equity shares: - The Company has only one class of Equity having a par value Rs. 1.00 per share. Each
shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject
to the approval of the shareholders in ensuing Annual General Meeting, except in case of interim dividend. In
the event of liquidation, the Equity shareholders are eligible to receive the remaining assets of the company
after distribution of all preferential amounts, in proportion to their shareholding.
Sub-Division (Stock-Split) of Equity Shares:-During the year, a Stock Split occurred when a Board of
directors of the company, authorize a change in the Face or stated value of shares from Rs. 10/- Per share to
Rs. 1/- Per share. The Company announced a record date of March 31st, 2014 for the Purpose of face value
split of shares from Rs.10 Per share to Rs. 1 per share. Company has also issue the Shares under Employee
Stock Option Plan on 31st march2014.After the stock split and Issue of shares under ESOP, the new face value
of the shares is Rs. 1/- each

NOTE NO: - 3 RESERVE AND SURPLUS (In Rupees)
Capital Reserves*
Opening Balance 965,934 965,934
Add: Addition during the year - -
Less: Deletion during the year - -
Closing Balance 965,934 965,934
Securities Premium Account
Opening Balance 69,500,000 69,500,000
(Receipt on Exercise of Employee Stock Option) 4,116,255

Less: Deletion during the year - -
Closing Balance 73,616,255 69,500,000
Reserve and Surplus
Opening Balance 205,107,169 174,293,357
- Dividend Paid 5,084,794 5,051,969

- Dividend Distribution Tax 864,161 819,556
Closing Balance 235,302,153 205,107,169
Profit and Loss Account
Opening As Per Last Balance Sheet
Closing Balance -
Total Reserve and Surplus 309,884,342 275,573,103
Employee Stock Option**

Employee Stock option Outstanding 11,477,235 -
Less-Deferred Employee Compensation Expenses (2,829,613) -
Closing Balance 8,647,622 -
Balance Carried forward to Balance Sheet 318,531,964 275,573,103
*Point No 41 of Note provide the details of the Capital Reserve
**Point No 43 in respect of Employee Stock Option
NOTE NO: - 4 LONG TERM BORROWING (In Rupees)

Term loans from banks
Loan taken for vehicles secured 3,081,599 1,598,748
Loan taken for fixed assets secured 62,503,090 23,005,675
Loans from Others 14,726,000 33,547,000
80,310,689 58,151,423

ICICI Loan No - LADEL00026874591 1,466,812
ICICI Loan No - LADEL00017599702 - 413,157
Kotak Mahindra Prime Limited (CF-8516210) 75,330 213,921
3,081,599 1,598,748
BOB TL – 21000600000514 2,958,853 84,44,793
BOB TL – 21000600000515 - 41,70,284
OBC TL – 11167015000461 13,042,977 10,390,598
ICICI Bank Loan 46,501,260 -
62,503,090 23,005,675
Loan taken from Others
Loan from Individual 2,982,000 9,362,000
Loan from Corporate 11,744,000 24,185,000
14,726,000 33,547,000
Total 80,310,689 58,151,423
NOTE NO: - 5 DEFERRED TAX LIABILITIES (In Rupees)

Deferred Tax Liability
Deferred Tax Assets
Deferred Tax Assets Fixed Assets 606,473 476,245
Gross deferred tax Assets 606,473 476,245
Net Deferred Tax Assets
Net Deferred Tax Liability 3,105,931 2,925,729
NOTE NO: - 6 OTHER LONG TERM LIABLITIES (In Rupees)

Provision for Gratuity 1,376,240 706,274
1,376,240 706,274

NOTE NO: - 7 SHORT TERM BORROWING (In Rupees)
Secured
Cash Credit from Bank Secured 568,254,988 465,124,630
Current Maturities of the Loan taken for vehicles 2,999,558 2,816,783
Current Maturities of the Loan taken for fixed assets 17,794,019 13,195,008
589,048,565 481,136,421
CASH CREDIT FACILITIES
VIKAS GLOBALONE LIMITED
The Company is availing a cash credit (Hypo) limit of Rs. 2,700 Lacs which include PCFC Limit of RS 500 Lacs
from Oriental Bank of Commerce against Hypothecation of stock, receivable, advance to suppliers and other
current assets on pari passu basis with Bank of Baroda. No DP against stock and Book debts exceeding 180
days. The rate of interest is Bank Base Rate + 2.00% which at present is 12.25% p.a. Further the Company is
also availing LC (Import) DA/DP basis on Fund Based Limit of Rs. 1,800 Lacs for procurement of Raw Material
and spares. Cash Margin is 20% in the shape of FDR.
The Company is also availing Cash Credit limit of Rs. 1,320 Lacs from Bank of Baroda with a sublimit
FCNR(B) of Rs. 990 Lacs & Sub limit of FBP/FBD of Rs. 330 Lacs under the same Cash Credit limit. The limit
is secured by way of hypothecation of stock, receivables & other current assets on pari passu basis on the
OBC. DP shall be permitted against receivable upto 180 days. Margin is 25% & Rate of interest is BR+3.00 %.
Further the Company is availing Non Fund Based LC (Import/Inland/DP/DA/BG). Buyers Credit of Rs. 800
Lcas for procurement of raw material and spares. Cash Margin is 20% in the shape of FDR.

1. Residential Property bearing Khasra No. 14/5/2 6min, 15/1/2, 9/2 & 10 mn Vill Ghevra, Near
Mundka Railway Crossing, Delhi owned by Mr. Seema Garg and Mr. Namita Garg.
2. Roof 34/1 East Punjabi Bagh, New Delhi owned by Vikas Globalone Limited.
3. Industrial property at Industrial Growth Centre, Phase 1, Samba, Jammu owned by Vikas Globalone
Limited.
4. Residential property situated at Khasra no. 710/201 in Village Rithala, Delhi owned by Mr. Vivek Garg.
5. Property situated at A-28 Khasra No. 12/10 and 13/6 Village Kamruddi Nagar Nangloi owned by M.s
Seema Garg and Ms. Usha Garg.
6. Residential property situated at B-1, Upper Basement floor, 1/34, Punjabi Bagh, New Delhi owned by
Ms. Usha Garg.
7. Mortgage of Agricultural land situated at village Sultanpur Dabas held owned by Vikas GlobalOne
Limited.
8. Plot of land situated at Khasra No. 142/132, situated at Village Khanjawala, Delhi owned by New Age
Polypacks Coats Private Limited.
Vigyan Nagar, Shahjahanpur, Dist. Alwar, Rajasthan owned by Vikas GlobalOne Limited.
Vigyan Nagar, Shahjahanpur, Dist. Alwar, Rajasthan owned in the name of Vikas GlobalOne Limited.

2. Mr. Vikas Garg
3. Mr. Vivek Garg
4. Mrs. Seema Garg
5. Mrs. Usha Garg
6. Mrs. Namita Garg

MOONLITE TECHNOCEM PRIVATE LIMITED
The Company is availing a cash credit (Hypo) limit of Rs. 800.00 Lacs with the sublimit of FCL of Rs. 300.00
Lacs from Union Bank of India against Hypothecation of stock and Book debts
The rate of interest is Bank Base Rate + 3.25% which works out to be 13.25% and Margin is 25%.Further
Further the Company is availing Non Fund Based LC (Import/Inland/DP/DA/BG). Buyers Credit of Rs. 700.00
Lacs against Stocks/ Receivable arising under LC transactions & Pledge of Term Deposit Receipts\
1. EM L&B at Katani No. 341, Plot No. WZ-47-A Basai Dara Pur, New Delhi in the name of Sh. Jai Hind
Kumar Gupta
2. EM property out of Kasra No 142/704, Extended Lal Dora Abadi of Village Kanjhawala, Delhi-81 in the
name of Smt. Seema Garg
3. EM of flat No. 6(1st Floor) on Plot No. 1/34, Punjabi Bagh (E), New Delhi in the name of Smt. Seema Garg.
4. EM of Lal Dora Land plot No. 749 (800 Sq Yds), Kh No. 142/749, Village Kanjawala, in the name of Sh.
Vivek Garg
5. EM of flat No. GF-1 (GF) on plot no. 1/34, Punjabi Bagh (East) New Delhi in the name of Smt. Seema Garg.
Further limit is guaranteed by Personal guarantee of the following;

1. Mr. Vishesh Gupta
2. Mr. Parmod Gupta
3. Mr. Vishal Garg
4. Mr. Vikas Garg
5. Ms. Seema Garg
6. Mr. Vivek Garg
7. Mr. Jai Hind Kumar Gupta
8. Shri. Sumer Chand Tayal
9. Corporate Guarantee of M/s Vikas GlobalOne Limited.
SIGMA PLASTICS INDUSTRIES
The Firm is availing a cash credit (Hypo) limit of Rs. 600.00 Lacs from Oriental Bank of Commerce against
Hypothecation of stock of raw materials, stock in progress, finished goods, stocks and spares, receivables and
other current assets. No DP against stocks and receivables older than 180 days. The rate of interest is Bank
Base Rate + 3.50% which works out to 13.75% and Margin is 25%.

1. SIDCO Industrial Complex, I.G.C. Phase-I, Samba, Jammu & Kashmir in the name of Sigma Plastics
Industries
2. F-5, 4/1 Vikas Apartments, East Punjabi Bagh, New Delhi in the name of Mrs. Seema Garg
Further limit is guaranteed by Personal guarantee of the following;

1. Ms. Seema Garg
2. Corporate guarantee of M/s Vikas Globalone Limited.

TATA Capital Limited Contract No: 7000083164 - 102,225
TATA Capital Limited Contract No: 7000087805 - 231,415
Kotak Mahindra Prime Limited (CF-8516210) 138,591 123,921
Kotak Mahindra Prime Limited (CF-5467389) - 189,880
Total 2,999,558 2,816,783
per annum. The Loan is repayable in 36 installments of Rs. 22837 each along with interest from the date of
The Loan is repayable in 36 installments of Rs. 111,450 each along with interest from the date of Loan. The
loan is secured by hypothecation of car of the company.

Kotak Mahindra Prime Limited (CF-8516210) was taken during 2012 year and carries interest @10.77% per
annum. The Loan is repayable in 35 installments of Rs. 12,970 each along with interest from the date of Loan.
The loan is secured by hypothecation of car of the company

BOB TL – 21000600000514 5,726,604 5,726,604
BOB TL – 21000600000515 4,216,683 4,549,404
OBC TL – 11167015000461 5,010,600 2,919,000
ICICI (LAP) –LBDEL0002038205 2,840,132 -
17,794,019 13,195,008
Term Loan-1 (Bank of Baroda) Closing balance Rs. 86.85 Lacs & Term Loan –II (Bank of Baroda) Closing
balance Rs. 42.16 Lacs. The Term Loan is secured on the Plant and Machinery and Land and Building located
at G-24-29 & 30, RIICO Industrial Area, Vigyan Nagar, Shahjahanpur, Dist. Alwar, Rajasthan owned by Vikas
GlobalOne Limited. The term loan has been taken over from the existing loan of ICICI Bank Limited. The Rate of
Interest is BR+2.75%. The term loan is repayable in equal monthly installment of Rs. 8.56 Lacs. The Period of
Maturity for the TL-I from the Balance Sheet date is 9 months and for the TL-II 16 months.

8. Mr. Vikas Garg
9. Mr. Vivek Garg
10. Mrs. Seema Garg
11. Mrs. Usha Garg
12. Mrs. Namita Garg
Term Loan-III (Oriental Bank of Commerce) Closing balance Rs. 180.53 Lacs. The Term Loan is secured on the
Plant and Machinery and Land and Building located at G-24-29 & 30, RIICO Industrial Area, Vigyan Nagar,
Shahjahanpur, Dist. Alwar, Rajasthan owned by Vikas GlobalOne Limited. The loan was sanctioned on reviewed
on 8.02.2014 on the existing term and conditions. . The Loan will be repayable in Equal Installments of Rs. 4.17
lacs per month. The rate of interest shall be BR+ 2%+.5%. The Period of Maturity from the Balance Sheet date is
41 months.
Sigma Plsatic Industries

Term Loan-IV (ICICI Bank) During the year Firm has taken a term loan (LAP) from ICIC Bank of RS 500 Lacs
which is repayable in 120 EMI of RS 717,355/- which is secured against residential Property house No-10 Road
No-4 East Punjabi Bagh New Delhi. This Loan is taken for the enhancement of business activities.
NOTE NO: - 8 TRADE PAYABLES (In Rupees)

Sundry Creditors 346,931,393 334,997,986
346,931,393 334,997,986

NOTE NO: - 9 OTHER CURRENT LIABILBITES (In Rupees)
Service Tax payable 1,791,253 428,558
Advance From Customers* 7,838,613 33,288,474
Expenses Payable 6,601,683 8,498,602
Cheques Issued but not presented 68,320,710 40,721,737
Others 628,510 42,000
85,180,769 82,979,371
*Advance from customers includes Rs. 3,971,859/- (Thirty Nine Lacs Seventy One Thousand Eight Hundred
and Fifty Nine) Vikas Ploymer (India) in which Director of Vikas Globalone Limited is also a Partner.
Vikas Polymer (India) 3,971,859 -

3,971,859 -
NOTE NO: - 10 SHORT TERM PROVISIONS (In Rupees)

Dividend on Equity Shares 5,084,794 5,051,969
Dividend Distribution Tax 864,161 819,556
Current Tax Provision 7,703,824 2,157,499
13,652,779 8,029,024

NOTE:11 FIXED ASSETS COMPUTATION OF CONSOLIDATED DEPRECIATION FOR THE F.Y. 2013-14 AS PER COMPANIES ACT
FIXED ASSETS
PARTICULARS GROSS BLOCK DEPRECIATION NET BLOCK
Rate As At Additions Deduct As at As on For the Year Deduct As on As on As on

31.03.2013 ion 31.03.2014 31.03.2013 ion 31.03.2014 31.03.2014 31.03.2013
Tangible Assets
Leasehold Land - 5,43,36,463 54,53,128 - 5,97,89,591 - - - - 5,97,89,591 5,43,36,463
Building 5% 5,26,51,551 86,16,291 - 6,12,67,842 64,76,581 24,06,017 - 88,82,598 5,23,85,244 4,61,74,970
Plant & Machinery 13.90% 10,90,78,391 2,94,47,905 - 13,85,26,296 315,98,129 128,85,809 - 444,83,938 94,042,359 7,74,80,262
Furniture & Fittings 18.10% 22,36,506 9,35,707 - 31,72,213 10,88,653 3,06,484.73 - 13,95,137 17,77,076 11,47,853
Vehicles 25.89% 2,40,82,601 78,79,997 - 319,62,598 135,59,168 41,37,548 - 176,96,716 142,65,882 1,05,23,433
Office Equipments 13.91% 98,98,061 5,56,071 - 1,04,54,132 46,53,090 7,54,813 - 54,07,904 50,46,228 52,44,971
Computers & 40% 43,76,687 5,00,069 - 48,76,756 31,65,074 5,88,565 - 37,53,639 11,23,117 12,11,613
Peripherals
Total (A) 25,66,60,260 5,33,89,168 - 31,00,49,428 6,05,40,695 2,10,79,236 - 816,19,931 22,84,29,498 19,61,19,565
Intangible Assets
Goodwill 29,21,464 - - 29,21,464 17,52,879 5,84,293 - 23,37,172 5,84,292 11,68,585
Total (B) 29,21,464 - - 29,21,464 17,52,879 5,84,293 - 23,37,172 5,84,292 11,68,585
Total(Current Year) 25,95,81,724 5,33,89,168 - 31,29,70,892.4 622,93,574 2,16,63,529 - 839,57,102.84 22,90,13,790 19,72,88,149
As on 31st March 24,26,18,833 1,91,22,842 21,59,9 25,95,81,724 430,40,852 1,96,58,811 406089 622,93,574 19,72,88,150 19,95,77,981
2013 51

NOTE NO: - 12 NON- CURRENT INVESTMENTS (In Rupees)
LIC Group Insurance 344,060 -
344,060 -
NOTE NO: - 13 LONG TERM LOANS AND ADVANCES (In Rupees)

32,41,459 1,518,779
NOTE NO: - 1 4 OTHER NON – CURRENT ASSETS (In Rupees)

Security Deposits 139,320 -
Others 7,373,923 7,374,456
Government Receivables 1,327,146 1,239,226
8,840,389 8,613,682
NOTE NO: - 1 5 INVENTORIES (In Rupees)

Finished Goods 10,321,690 18,750,511
Real Estate Inventory 24,356,621 24,356,621
Capital WIP-Real Estate 14,370,612 14,370,612
Traded Goods 29,001,153 23,147,387
Raw Material 181,952,014 208,460,237
Goods in transit/ WIP 2,598,335 9,080,658
Total 262,600,425 298,166,025
NOTE NO: - 16 TRADE RECEIVABLES (In Rupees)

Outstanding for more than six months
Unsecured, Considered Good : 104,282,051 110,793,763
Sub Total 104,282,051 110,793,763
Outstanding for less than six months
Unsecured, Considered Good 690,210,939 576,843,696
Sub Total 690,210,939 576,843,696
Total 794,492,991 687,637,459

NOTE NO: - 17 CASH AND CASH EQUIVALANTS (In Rupees)
Cash-in-Hand
Cash Balance 1,793,533 2,227,500
Sub Total 1,793,533 2,227,500
Bank Balance
Bank Current Account 2,638,173 2,682,475
Unpaid Dividend Account* 599,550 436,558
Sub Total 3,237,723 3,119,033
5,031,256 5,346,533
* There is no Amount in unpaid Dividend Account which is transferrable to Investor Protection fund Account
NOTE NO: - 18 SHORT TERM LOANS AND ADVANCES (In Rupees)

Advance to Suppliers 71,541,695 34,215,314
Advance to Staff 1,164,862 361,899
Cenvat Credit Receivable 2,794,676 2,807,648
Tax Deducted at Source 5,144,103 3,624,468
MAT Credit 19,026,082 14,736,839
Advance Tax 1,000,000 1,500,000
PLA Excise 160,530 2,447
Others 77,304,556 84,648,049
191,508,729 148,133,654
NOTE NO: - 19 OTHER CURRENT ASSETS (In Rupees)

Prepaid Expenses 1,802,462 2,688,225
Cheque received not cleared 44,349,000 -
46,151,462 2,688,225
NOTE NO: - 20 REVENUE FROM OPERATIONS (In Rupees)

Sales of Product 2,470,759,641 2,492,521,332
Other Operative Income
Revenue Franchise 24,671,153 24,278,001
Other Operative Income 4,500,000 4,626,569
2,499,930,794 2,521,425,902
Sales of Product includes following transactions with the related party:

PARTICULARS AMOUNT

NOTE NO: - 21 OTHER INCOME (In Rupees)
Commission & Interest Income 16,872,737 4,386,502
Job Work Income 880,850 -
Other Non-Operating Income
Profit on disposal of Tangible Assets - -
Excise Refund 4,246,059 10,426,022
Rental Income 147,751 197,738
Other Receipts 6,338,848 5,401,846
28,486,245 20,412,108
NOTE NO: - 22 COST OF MATERIAL CONSUMED (In Rupees)

Inventory at the beginning
Raw Material 230,391,874 125,424,154
230,391,874 125,424,154
Add: Purchases
Raw Material 828,249,072 897,039,028
828,249,072 897,039,028
Add/Less: Other Adjustment
Less: Inventory at the end 194,872,039 230,391,873

194,872,039 230,391,873
863,768,907 792,071,309
(In Rupees)
PARTICULARS OPENING PURCHASES CLOSING CONSUMPTION
Tin Alloy 9,311,482 62,382,848 9,334,140 62,360,190
Ethylhexyl Thiogycolate 7,889,219 2,432,083 2,938,856 7,382,446
Tinmate 261,417 102,804,532 1,463,413 101,602,536
Industrial Chemical-2EHTG 3,306,262 20,864,275 921,526 23,249,011
PVC Compound 13,305,176 46,681,124 - 59,986,300
TPR Compound 1,188,464 305,795,842 4,063,568 302,920,738
Hydrogen Peroxide 60%50 4,491,176 16,602,538 3,122,556 17,971,158
RSO Refined Soyabean Oil 7,423,739 89,539,853 139,035 96,824,557
Styrene Butadiene Copolymer 2,082,783 86,562,184 35,437,347 53,207,620
Thermal Plastic Elastomer 14,145,585 11,790,609 - 25,936,194
Methyl Chlori De Pure(Gas) 239,259 25,447,966 254,877 25,432,348
PVC Resin - 394,036 - 394,036
Styrene Butadiene Styrene - 9,989,051 - 9,989,051
Others 166,747,312 46,962,131 137,196,721 76,512,722
Grand Total 230,391,874 828,249,072 194,872,039 863,768,907

DETAILS OF MATERIAL CONSUMED (In Rupees)
Raw Material
Consumption Raw Material 863,768,907 792,071,309
863,768,907 792,071,309
NOTE NO: - 23 PURCHASES OF STOCK IN TRADE (In Rupees)

Purchase of traded goods 1,340,907,589 1,462,400,255
1,340,907,589 1,462,400,255
Purchase of Stock in Trade includes following transactions with the related party:
PARTICULARS AMOUNT
NOTE NO: - 24 CHANGES IN INVENTORIES (In Rupees)

Opening Stock 47,504,008 67,111,402
Closing Stock 53,357,774 47,504,008
(Increase)/Decrease in Inventory (5,853,766) 19,607,394
NOTE NO: - 25 EMPLOYEE BENEFITS EXPENSES (In Rupees)

Salary including Employee Benefits 31,777,232 25,831,467
Wages Including Benefits 1,413,365 1,453,878
Labour /Job Work Charges 3,550,310 1,000,021
Staff Welfare Expenses 819,939 958,472
Director Remuneration 820,000 1,254,000
38,380,846 30,497,838
NOTE NO: - 26 FINANCE COST (In Rupees)

Interest
Interest on Long Term Loans from Banks 10,531,191 4,404,963
Interest on other Borrowing 68,620,644 48,075,432
Other Borrowing Cost
Other Financing Charges 12,396,278 11,895,634
Total 91,548,114 64,376,029
NOTE NO: - 27 DEPRECIATION AND AMORTIZATION EXPENSES (In Rupees)

Depreciation 21,079,236 19,074,518
21,663,529 19,658,811

NOTE NO: - 28 OTHER EXPENSES (In Rupees)
Manufacturing and other Direct Expenses
Custom Duty 24,276,657 27,730,154
Freight 19,270,535 17,147,223
Loading and Unloading expenses 2,217,354 2,312,267
Power and fuel 15,962,621 14,165,318
Demurrage and Inland Haulage Charges 16,833,753 14,929,496
Consumption of Stores and Spare Parts 774,887 1,029,143
Other Direct Expenses 601,483 -
Administrative Expenses
Foreign Exchange Fluctuation 12,961,141 7,263,832
Legal and Professional Charges 2,634,128 2,181,927
Conveyance Charges 968,092 809,068
Advertisement Expenses 2,307,851 2,212,753
Rent 718,252 1,206,130
Electricity Expenses 1,100,300 475,922
Communication Expenses 1,334,258 205,078
Tour and Travelling Expenses 1,873,948 3,286,294
Vehicle Running Expense 1,123,927 990,528
Repair and Maintenance of Plant and Machinery 225,798 1,114,237
Repair and Maintenance Expenses 1,246,150 264,054
Repair and Maintenance Building 88,308 319,059
Security Charges 1,600,664 1,484,746
Rates and Taxes 568,562 479,669
Insurance Expenses 1,450,830 1,082,814
Printing and Stationery 589,927 666,908
Director Sitting Fees 100,000 160,000
Statutory Auditors Remuneration 398,634 398,634
Internal Auditor Remuneration 488,166 589,516
Rebate and Discount 136,372 953,652
Commission paid 423,843 315,273
Prior Period Expenses*See Note No-40 7,900,307 57,545
Miscellaneous Expenses W/off 266,746 123,876
Other Interests 372,937 669,476
Other Expenses 9,187,000 7,348,284
130,003,431 111,972,877

29) Commitments
a. Capital commitment: There are no contracts remaining to be executed on capital account and
not provided for as at 31 March, 2014.
b. Lease commitment
The Company has taken various premises on operating leases. The lease rental of Rs. 1,316,000/-
(Previous year Rs. 1,565,750/-) has been charged to Profit and Loss Account for the year ended March
31, 2014. The underlying agreements are executed for a period generally ranging from one year to three
years, renewable at the option of the Company and the lessor. There are no restrictions imposed by
such leases and there are no subleases.
The minimum rental payments to be made in future in respect of these operating leases are as under:
(In Rupees)
MINIMUM LEASE RENTALS AS AT 31-03-14 AS AT 31-03-13
Within one year 1,074,000 1,565,750
Later than one year, not later than five years 294,000 --
Total 1,368,000 1,565,750
30) There is no significant event that has been taken place after the date of Balance Sheet.
31) There is a Contingent Liability in form of Bank Guarantee of Rs. 1,412,200/- and Rs. 203,452,803/-
in respect of LC and duty saved against advance license is Rs. 53,495,888/-. The Company has given
Corporate Guarantee to the Bank of RS 160,000,000/-and 60,000,000/- for Moonlite Technochem
Private Limited which is 100% subsidiaries of Vikas Globalone Limited and Sigma Plastic Industries
which is a Partnership firm in which Vikas Globalone Limited holds 75% Shares.
32) Details of pending cases are given below: -

(In Rupees)
Disputed demands/ show-cause notices under:-
-Direct Taxes
a) Income Tax cases* 3,144,000 3,144,000
-Indirect Taxes
b) Customs Duty cases 533,266 533,266
c) VAT 88,000 88,000
d) VAT (2011-2012) (Appeal pending Before Special 9,067,107 9,067,107
Commissioner, Department of Trade and Taxes)
*Note: The Appeal is pending in ITAT and rectification pending with AO.
Company has filed Civil Suit against ADM Agro Industries Kota and Akola Limited supplier of Soya Bean
Oil in High Court Delhi case No-CS OS No-198/214 of Amounting Rs.9961516/- due to poor supply of
soya bean oil. Company has suffered a loss due to such poor quality of material supplied by them and
non recovery of money from debtors and it also affect goodwill of the Company. The ADM Agro Industries
Kota and Akola Limited is also filed winding up Petition against company in High Court case no CO PET
No-64/2014 due to non-payment of Rs 4,115,664/- along with interest at the rate of 18% from the due
date of payment.

33) Segmental reporting:-
The segment reporting of the company has been prepared in accordance with accounting standard (AS-17)
Accounting for Segment Reporting issued by The Institute of Chartered Accountant of India.
The Company has determined the following business segments as the primary segments for disclosure:
c. Chemical Division
d. Real estate Division
The geographical Segment consists of:
 Domestic (Sales to customers located in India)
 International (Sales to customers located outside India)
The above business segments have been identified and reported considering:
- The nature of the services
- The related risk and returns
- The internal financial reporting systems
Purchase directly attributable to segments is reported based on items that are individually identifiable to
that segment.
Common allocable costs are allocated to each segment to that common cost.
(In Rupees)
Segment Revenue
Total 25,284,17,039 2,541,838,010
Segment Expenditure
Real Estate Division 22,000 1,172,994
Total 2,389,932,091 2,438,164,073
Segment Results
138,484,948 103,673,937
Less : Interest 91,548,114 64,376,029
Profit before Tax 46,936,834 39,297,908
Capital Employed
Total 411,658,000 376,612,473
Geographical Revenue
Domestic Revenue 2,237,981,407 2,348,131,514
Export Revenue 290,435,632 193,706,496
Total Revenue 2,528,417,039 2,541,838,010

Segment revenue, results, assets and liabilities include amounts identifiable to each segment and amounts
allocated on a reasonable basis based on their relationship to the operating activities of the segment.
34) Goodwill: Goodwill arises upon the acquisition of subsidiaries, associates and Joint venture.
Goodwill is amortized over the 5 years from the financial year in which the acquisition is accounted
for. During the year a sum of Rs 584393/- has been amortized and has been shown under the
schedule of Fixed Assets “Schedule No-11”.
35) The company had not received information from suppliers regarding their status under the “Micro,
Small and Medium Enterprises Development Act 2006” and accordingly no disclosure regarding
overdue outstanding of principal amount and interest thereon has been given.
36) In the opinion of the Board of Directors of the Company, all Current Assets, Loans and Advances
appearing in the balance sheet as at March 31, 2013 have a value on realization in the ordinary
course of the Company’s business at least equal to the amount at which they are stated in the
balance sheet. Certain balances shown under current assets, current liability, loans and advances
and balances with banks, are subject to confirmation / reconciliation.
37) In the opinion of the Board of Directors, no provision is required to be made against the
recoverability of these balances except provided.
38) Employee Benefit Obligation:-
During year ended March 31, 2014 the Company has contributed Rs. 300,692/- to provident fund under
defined contributions plan of Employees’ Provident Fund and Miscellaneous Provisions Act, 1952.
During the year ended 31st March 2014, the Company has made a provision of Rs 1,376,240/- in respect
of provision for gratuity and defined benefits as per actuarial valuation made as per AS-15.
The Company has taken Group Gratuity Scheme for the employees from the LIC of India. Contribution
made by the during the year is Rs 344,060/- and total contribution payable is Rs 1,376,240/- and balance
amount is payable in other 3 installments in next Financial Year
The Actuarial data for Group Gratuity Scheme is as follows:
PARTICULARS Amount (in Rs)

Initial Contribution 1,063,234
Additional Contribution on Existing Fund -
Current Service Cost 296,748
LC Premium 16,258
Total Amount Payable 1,376,240
39) As per the best estimate of the management, no provision is required to be made as per Accounting
Standard 29 (AS 29) Provisions, Contingent Liabilities and Contingent Assets as notified under the
Companies (Accounting Standards) Rules, 2006, as amended, in respect of any present obligation as
a result of a past event that could lead to a probable outflow of resources, which would be required
to settle the obligation.

40) Prior Period Items: - (In Rupees)
Expenses:-
Water Expenses
Legal and Professional Charges 52,155 31,453
Telephone expenses 18,663
Provident Fund 565
Staff Welfare 6,864
Freight charges 188000
Deferred Employee Compensation A/c 7,551,094
General Exp 85,699
Dividend Distribution Tax 23,259
Total 7,900,207 57,545
41) Disclosures in respect of Accounting Standard (AS) 18 “Related Party Disclosures” as notified under
the Companies (Accounting Standards) Rules, 2006, as amended:
Names of related parties and description of relationship:
NATURE OF RELATIONSHIP NAME OF PARTY
Associates Vikas Polymer India (Partnership Firm)

Mr. Vikas Garg
Mr. Vivek Garg
Key Management Personnel Mr. Vishesh Gupta
Mr. Pramod Gupta
Mr. Nand Kishore Garg, Mrs. Usha Garg, Mrs.
Relative of Key management Personnel Seema Garg, Mrs Namita Garg
Vikas polymer Land Private Limited, Suku
Other Related Parties Innovatives, R.P.Gupta.,Vikas Polymer (India)
The following transactions were carried out during the year with related parties in the ordinary course of
business: (In Rupees)
Other
NATURE OF KMP &
SUBSIDIARY ASSOCIATES Relates TOTAL
TRANSACTION RELATIVE
Parties
Sales - 8,256,313 8,256,313
Purchase - 64,64,000 6,464,000
Investment in shares - - -
Rent Paid - - 1,196,500 - 1,196,500
Director Remuneration - - 820,000 - 820,000
Unsecured Loan 675,000 - 675,000
Receipt and Payment - - 26,62,300 26,62,300
TOTAL - 2,691,500 17,382,613 20,074,113

PARTICULARS Amounts (in Rs)
I. FIXED ASSETS
Assets Purchased during the year
Related party -
Assets Sold during the year
Related party -
J. TRADE RECEIVABLES AS ON 31ST MARCH
K. ADVANCES TO CUSTOMER GIVEN AS ON 31ST MARCH
L. ADVANCES RECEIVED FROM CUSTOMER AS ON 31ST MARCH
M. TRADE PAYABLE AS ON 31ST MARCH
Other Related Party
N. REVENUE FROM OPERATION AS ON 31ST MARCH
In accordance with AS 18, disclosures in respect of transactions with identified related parties are given
only for such period during which the relationship existed.
42) Earnings per share:-
Basic earnings per share is computed by dividing the net profit/(loss) attributable to equity shareholders,
for the year by the weighted average number of equity shares outstanding during the year. (In
Rupees)
Net Profit/(Loss) After Tax as per Profit & Loss Account (in Rs) 36,143,939 36,685,338
Weighted average no of shares outstanding during the year 101,041,169 101,039,370
Basic and diluted Earnings Per Share (in Rs) 0.36 0.363
Nominal value per Equity Share (in Rs) 1/- 1/-
43) Deferred Tax:-
In compliance with Accounting Standard 22 (AS 22) - Accounting for Taxes on Income, as notified under
the Companies (Accounting Standards) Rules, 2006, as amended, the Company has recognized deferred
tax liabilities (net) in the Profit and Loss Account of Rs. 180,202/- (Previous year Rs. 6,19,526/-) during
the year ended March 31, 2014.
The breakup of Deferred Tax Liabilities as at March 31, 2014 is as under (In Rupees)

Deferred Tax Liability - -
Deferred Tax Assets -
Deferred Tax Assets Fixed Assets 606,473 476,245
Gross deferred tax Assets -
Net Deferred Tax Liability/ Assets 3,105,931 2,925,729

44) In the AGM of the Company held on 28th September 2011, the members of the company passed a
resolution for introducing a Stock Compensation Plan called the Employees Stock Option
scheme,2011(ESOS 2011), for the benefit of employees of the Company. The resolution also accorded
approval for the Board of Directors, to formulate the Scheme as per board parameters outlined in the
resolution, either directly or through a committee. Accordingly, a committee of directors called
Compensation committee was constituted. The Committee, after due deliberations and after studying
the provisions of SEBI employee Stock option Scheme and Employee Stock Purchase Scheme)
Guidelines, 1999 as amended from time to time, has formulated the Employees Stock Option
Schemre’2011( ESOS 2011). The Scheme has been approved by the Stock exchange on 7th May 2012
(NSE) and 2nd May 2012 (BSE). The Compensation Committee at its meeting held on 2nd June 2012
has granted Stock Option to the eligible employees. The Compensation Committee at its meeting held
on 2nd June 2012 has granted Stock Option to the eligible employees and accordingly the option will
be granted shall vest over a period of 3 years, or as may be decided by the CC, as per schedule as
under.
Year from the date of Grant Vesting of Options Granted
End of first Year 30 % of the Grant
End of Second Year 30 % of the Grant
End of third year 40 % of the Grant
There shall be a minimum period of one year between grant date and the vesting period for the first lot of
vesting of granted options. The interval between the subsequent lots shall be one year.
During the year the Company has granted shares on compensation meeting held on 31st March 2014
under Employee stock option as per scheme made by company in year 2011(ESOP 2011). The no of shares
vested by allottees under scheme is 656,500 shares of Rs 1/- (Face Value of Rs.10 each). Details are as
follows

45) The Company has not entered into any foreign exchange derivative instruments during the year.
46) The scheme of amalgamation was filed under section 391 read with section 394 of the companies Act
1956 w.e.f. April 1, 2007 for the amalgamation of the following three transferor companies a) Hulchul
International Private Limited, b) Vikas Utilities Private Limited, c) South Delhi Projects Private
Limited, With the transferee company Vikas Globalone Limited (formally known as Vikas Profin
Limited).
The same has been approved by the High Court wide order no 18457/1 dated October 17, 2008. The
amalgamation has been accounted for the manner specified in the Scheme, The Surplus of Rs.
965,934/- arising out of amalgamation is shown under the head Capital Reserve Account.
47) During the year Company has transferred a sum of Rs 75.51/- Lacs relating to Employee
Compensation Expenses to prior period expenses being expenses relating to previous year.
48) Additional information pursuant to the provision of paragraph 3, 4, 4A, 4B, 4C and 4D of Part II of
Schedule VI of the Companies Act, 1956 to the extent applicable are as follows:-
a) Managerial remuneration: (In Rupees)

Salaries 820,000 1,254,000
Employer’s Contribution to Provident Fund --
TOTAL 820,000 1,254,000
b) Auditors remuneration: (In Rupees)

Audit Fees & Tax Audit 398,634 398,634
c) Expenses incurred in foreign currency during the year ended March 31, 2014 aggregates to:-
(In Rupees)
Expenditures:-
Purchase 583,018,437 551,240,097
Foreign Travelling 544,254 1,693,627
TOTAL 583,562,691 552,933,724
d) CIF value of imports: (In Rupees)

Raw Material Purchased 583,018,437 551,240,097
Capital Goods(Including Spares) 2,101,391 -
TOTAL 585,119,828 551,240,097
e) CIF value of export made during the year included in the sales amounting Rs. 290,040,356.32/-
(Previous Year: Rs. 193,706,496/-)

49) Disclosures as required by Clause 32 of the Listing Agreement
Particulars AS AT 31-03-14 AS AT 31-03-13
E. CONSUMPTION OF RAW MATERIAL
- Raw Material Consumed 863,768,907 792,071,309
F. DETAILS OF CONSUMTION OF IMPORTED AND
INDIGENOUS STOCK
- Imported 244,125,317 194,468,441
- Indigenous 619,643,590 597,602,868
G. EARNING IN FOREIGN EXCHANGE
- Sale of Goods 290,040,000 193,700,000
50) Previous year’s figures have been regrouped, where necessary to confirm with current year’s
classification.

Regd. Office : Vikas House, 34/1, East Punjabi Bagh, New Delhi- 110026
FORM OF PROXY
L.F. NO. …………………………………………………………..

D. P. ID* ……………………………………………………………
Client ID* ……………………………………………………………
I/We…………………………………………………………of………………………………………………………
………………………………………… being a member/members of Vikas GlobalOne Limited hereby
appoint …………………… of……………………..or failing him/her……………………
of…………………. as my/our Proxy to attend and vote for me/us on my/our behalf at the 29th
Annual General Meeting of the Company, to be held at ……. A.M on ………th September, 2014
and any adjournment thereof.
Signed this…………………………..day of………………2014. Revenue

Stamp
(Signature of the Share Holder)
Note: the proxy form completed and stamped must reach the Registered
Office of the company not less than 48 hours before the time for holding the aforesaid meeting.
*Applicable for investors holding shares in electronic form.
_____________________________________________________________________________________________
Regd. Office : Vikas House, 34/1, East Punjabi Bagh, New Delhi- 110026
ATTENDANCE SLIP
L.F. NO. …………………………………………………………..

D. P. ID* ……………………………………………………………
Client ID* ……………………………………………………………
NAME FATHER’S / HUSBAND NAME SIGNATURE
Note: 1. Attendance slip not filled in properly will not be entertained.

2. All joint holders should use only one slip.
3. Bags/briefcases are not allowed inside the venue and the Company shall not be
responsible for the loss of the same.
* Applicable for investors holding shares in electronic form.

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1 Annual Report 2013-14

Board Committees & its Composition 5

Notice of Annual General Meeting 6-11

Director’s Report 12-19

Management Discussion and Analysis 20-24

Report on Corporate Governance 25-49

Standalone Financial Statements

Auditors’ Report 50-54

Profit & Loss Account 56

Cash Flow Statement 57

Notes to Financial Statements 58-82

Consolidated Financial Statements

Auditors’ Report 83-84

Profit & Loss Account 86

Cash Flow Statement 87

Notes to Financial Statements 88-115

2 Annual Report 2013-14

COMPANY SECRETARY & COMPLIANCE OFFICER

REGISTRAR & SHARE TRANSFER AGENT

4 Annual Report 2013-14

Mr. Narender Kumar Garg Chairman

Mr. Vikas Garg Chairman

STAKEHOLDERS RELATIONSHIP COMMITTEE

Mr. Sumer Chand Tayal Chairman

RISK MANAGEMENT COMMITTEE

Mr. Pradip Kumar Banerji Chairman

NOMINATION AND REMUNERATION COMMITTEE

Mr. Narender Kumar Garg Chairman

EQUITY WARRANT COMMITTEE

Mr. Narender Kumar Garg Chairman

Mr. Narender Kumar Garg Chairman

CORPORATE SOCIAL RESPONSIBILITY COMMITTEE

Mr. Narender Kumar Garg Chairman

5 Annual Report 2013-14

For and On Behalf of the Board of Directors

6 Annual Report 2013-14

7 Annual Report 2013-14

8 Annual Report 2013-14

APPOINTMENT OF MR. ASHUTOSH VERMA AS DIRECTOR OF THE COMPANY

9 Annual Report 2013-14

Name of Director VIVEK GARG

Name of Director PURUSHOTTAM DAS BHOOT

10 Annual Report 2013-14

Name of Director ASHUTOSH VERMA

For and On Behalf of the Board of Directors

11 Annual Report 2013-14

12 Annual Report 2013-14

13 Annual Report 2013-14

Brick Works Ratings:

14 Annual Report 2013-14

MANAGEMENT’S DISCUSSION AND ANALYSIS REPORT

EMPLOYEES’ STOCK OPTION SCHEME (ESOPS)

DIRECTOR’S RESPONSIBILITY STATEMENT:

15 Annual Report 2013-14

LIST OF PENDING LEGAL CASES

Civil Suit - CS OS No.198/2014 in High Court of Delhi

Winding up Petition – CO PET No. 64/2014

STATUTORY AUDITORS AND THEIR REPORT: