State Bank of India

Corporate Loan : Repayable in 18 Quarterly Installments, Commencing from Dec 2014 and Ending on Mar 2019 First two Quarterly installments of 250.00 Lakhs each & then 4 Quarterly installments each of 350.00 Lakhs then 4 Quarterly installments each of Rs,. 400.00 Lakhs then 4 Quarterly installments each of Rs,. 450.00 Lakhs and Last

1 Quarterly installments each of Rs,. 550.00 Lakhs.

IFCI Ltd

Corporate Loan : Repayable in 18 Quarterly Installments, First 9 Quarterly installments of Rs,. 333.33 Lakhs each & then

2 Quarterly Installments each of Rs,. 500.00 Lakhs commencing from Apr-2016 IFCI Ltd

Corporate Loan : Repayable in 6 equal Quarterly Installments each of Rs,. 750.00 Lakhs Commencing from Feb,2017. IFCI Venture Ltd

Corporate Loan : Repayable in 11 equal Quarterly Installments each of Rs,. 227.27 Lakhs Commencing from Dec,2016. SVC Bank

Term Loan : Repayable in 72 Monthly Installments each of Rs,. 69.45 Lakhs commencing from Feb-2016 RABO Bank

"Term Loan : Repayable in 16 Quarterly Installments commencing from June 2017, First 4 Installments Rs,. 283.00 Lakhs & then 12 Installments of Rs,. 848 Lakhs Refer Note - ii

Secured against Vehicle Purchased under Hire Purchase Agreement.

3 Monthly Installment including interest of Rs,. 1,03,265/- and last Installment including interest of Rs,. 93,749/- commencing from July 2015._

Refer Note (i)

Working Capital facilities from Bank of India, IDBI, State Bank of India & Punjab National Bank._

Secured by first charge on Pari Passu basis on Raw Material, Stock in process, Finished Goods, Stores & Spares, Packing Material and book debts and also secured by second charge by way of equitable mortgage of Fixed Assets of the company comprising of Land, Building and Fixed Machinery situated at Anil Road, Ahmadabad.

i) It is not practical for the company to estimate the timing of cash outflows, if any, in respect of the above pending resolution of the respective proceedings as it is determinable only on receipt of judgments/decisions pending with various forums/authorities.

ii) The Company has reviewed all its pending litigations and proceedings and has adequately provided for where provisions are required and disclosed as contingent liabilities applicable, in its financial statements. The company does not expect the outcomes of these proceedings to have materially adverse affect on its financial results.

(b) The Company uses forward contracts to hedge its risk associated with foreign currency fluctuation. As explained to us, the Company does not use forward contracts for speculative purposes.

(c) The year-end foreign currency exposure that have not been hedged by any derivative instruments or otherwise is as under

4. Inventories are as taken, valued and certified by a Director.

5. In the opinion of the Board of Directors, the current assets, loans and advances are approximately of the value stated, if realized in the ordinary course of business and the provisions for depreciation and all known and ascertained liabilities are adequate and not in excess of the amounts reasonably necessary.

6. In the absence of the complete information regarding the status of the suppliers as micro small or medium enterprise as per the micro small and medium enterprise development act 2006, the information regarding the amount due to such parties as on the balance sheet date and provision for interest, if any, required by the said act has not been made.

7. The Company is engaged in manufacturing of starches and its derivatives and hence management is of the opinion that it does not have a reportable primary segment identifiable in accordance with the Accounting Standard 17 issued by the Institute of Chartered Accountants of India.

Secondary Segment : Geographical Segment

The analysis of geographical segment is based on geographical location of the customers. The geographical segments considered for disclosure are as follows:

Sales within India : Sales to Customer located within India.

Sales outside India : Sales to Customer located outside India.

Information pertaining to Secondary Segment.

Cross Revenue from operation as per Geographical Location.

8. Employee Benefits

As per Accounting Standard 15, "Employee Benefits", the disclosures of Employee benefits as defined in the Accounting Standard are given below :

a) Defined Benefit Plans

Contribution to Defined Contribution Plan, recognized as expense for the year is as under :

9. Related Party disclosure as required by AS-18:

Name of the Related Parties and Nature of Relationship where Control Exists Note :- Related Parties have been identified by the management.

SR NO. NAME OF RELATED PARTY (I) Associate company/enterprises where common control exists

1 Anil Bioplus Limited

2 Anil Mines and Minerals Limited

3 Naimesh Trading Pvt. Ltd.

4 Anil Infraplus Limited

5 Anil Technoplus Limited

6 Abner Enterprise Pvt. Ltd.

7 Adella Enterprise Pvt. Ltd.

8 Anil Nutrients Limited

9 Amoha Enterprises Pvt. Ltd.

10 Alana Trading Limited Liability Partnership

11 Vigo Bio-Tech Dairy Pvt Ltd

12 Ascent Lifestyle Pvt Ltd

(II) Subsidiary Companies

1 Anil Bioplus (Europe) BV

2 Anil Mega Food Park Pvt Ltd

3 Anil Life Sciences Limited

4 Aarav Enterprises Pte Ltd

(III) Key Management Personnel

1 Shri Amol S. Sheth [Chairman & Managing Director]

2 Shri Nalinkumar Thakur [Additional Director] ( Appointment Date w.e.f. 6th Nov,2015)

3 Shri Shashin Desai (Resignation Date w.e.f. 6th Nov,2015)

4 Shri Anurag Kothawala (Resignation Date w.e.f. 17th 0ct,2015)

5 Shri Chintan Acharya [CFO]

6 Shri Chandresh Pandya [Company Secretary]

10. Notes on Merger/Demerger

The Board of Directors of the Company in their meeting held on September 2, 2013 had approved the composite scheme of arrangement in the form of merger & demerger of certain undertaking between Anil Bioplus Ltd. and Anil Infraplus Ltd. and Adella Enterprise Pvt. Ltd. and Anil Limited and Anil Life Sciences Ltd. During the year under review the Company had decided not to proceed further in the said scheme of Arrangement and accordingly trated as withdrawn.

11. Certain balance of Trade Receivables, Advance to Suppliers and Advance for Capital Goods are non moving in nature. However, the management is of the view that they are in good condition & realizable in ordinary course of business & therefore no provision is considered necessary in respect of the said non moving debtors.

12. Balance Confirmation from the suppliers, Customers as well as various loans or advances given have been called for, but the same are awaited till date of audit. In view of the same, it is to be stated that balance of receivables, trade payables as well as loans and advance have been taken as per the books of accounts submitted by the company and are subject to confirmation from the respective parties.

13. Previous year's figures have been regrouped and rearranged wherever necessary, to make them comparable with current year's figure.