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ANTGRAPHIC | 2021 | Antarctica Limited , 1-,rI III Date:06SEP?0?1 Dear Sirs , Pursuarrt Regulation 34(1 Listing Regulations lind enclosedthe Ar nua1 Report Company 29th Annual General Meeting Members wiU held oll Thursilay , 30th Septembei , 2O2L 11'OO am Regislered Office Aildress 1A , vialyasagar Street , Kolkata -7OOOO9 Financial Yea 2O2O-2L Annual Report notice AGM sent electronically members registered thcir email addresses compaly rheu depos.itorics . Members note pclf copy Annual Report 2O2O-2L available Compary website www.antarctica packagingcom Request kindly tal e records trulY Regd . Office 1A , Vidyasagar street , Kolkata-700009 Ph 9839217177 CIN . 12221 9W81 991 P1C051 949 Email infoantarcticapackaging.com Website wVw antarctlca packaging.com Packaging unit Plot . 1 , Sector 1 , Falta Special Economic Zone , Falta , 24 pgs.s Pinting unit:132 AJ1B , R.R.L Mitra Road , Kolkata 700010 Artarctlca Limited flk Rohit luthari Wholetime Director DIN:00679976 .,{1c , s. .o"1 t , l 1 I.i ANTARCTICA LIMITED ANNUAL REPORT 2020 2021 ANTARCTICA LIMITED BOARD DIRECTORS MR . ROHIT KUTHARI , Executive Chairman MRS RENU KUTHARI , Director MR SADANANDA BANERJEE , Independent Non executive Director MR PANCHU GOPAL CHATTERJEE , Independent Non executive Director MR RAMESH CHANDRA BHOWMICK , Independent Non executive Director MR SWAPAN ROY , Non Executive Director w.e.f . , 25/08/2021 KEY MANAGERIAL PERSONNEL MS . RUMA SUCHANTI , Company Secretary MR SAILENDRA NATH RAKSHIT , CFO BANKERS PUNJAB NATIONAL BANK 11 , HEMANTA BASU SARANI , KOLKATA -700001 STATE BANK INDIA AMHERST STREET BRANCH KOLKATA-700009 AUDITORS M S. SHANKAR GOSWAMI ASSOCIATES CHARTERED ACCOUNTANTS 8/2/1/1 , NARASINGHA DUTTA ROAD , KADAMTALA , HOWRAH-711101 SOLICITORS MR SRENIK SINGHVI , ADVOCATE 7C , KIRAN SHANKAR ROY ROAD , 4TH FLOOR , KOLKATA 700001 REGISTERED OFFICE ADDRESS CONTACTS ADDRESS 1A , VIDYASAGAR STREET , KOLKATA 700009 , CIN L22219WB1991PLC051949 WEBSITE WWW.ANTARCTICA PACKAGING.COM , EMAIL INFOANTARCTICA PACKAGING.COM , MOBILE . 9830217177 WORKS 1 FALTA SEZ SECTOR-1 , PLOT . 1 SOUTH 24 PARGANAS , PINCODE-743504 , WEST BENGAL 2 132A/1B , RAJA RAJENDRA LAL MITRA ROAD , KOLKATA 700010 , WEST BENGAL REGISTRAR SHARE TRANSFER AGENTS MAHESHWARI DATAMATICS PVT . LTD . 23 , R. N. MUKHERJEE ROAD , 5TH FLOOR KOLKATA 700 001 1 2 ANTARCTICA LIMITED ANTARCTICA LIMITED Registered Office 1A , Vidyasagar Street , Kolkata 700009 , CIN L22219WB1991PLC051949 Website www.antarcticapackaging.com , email infoantarcticapackaging.com Mobile . 9830217177 NOTICE NOTICE given 29th Annual General Meeting Members Company held Thursday , 30th September , 2021 11.00 a.m. Registered Office Address 1A , Vidyasagar Street , Kolkata -700009 transact following Business 1 . receive , consider adopt Audited Financial Statements Company financial year ended 31st March , 2021 Reports Auditors Directors thereon . 2 . appoint Director place Mrs. Renu Kuthari DIN 00679971 , retires rotation eligible offers re appointment . SPECIAL BUSINESS 3 . Regularization Appointment Mr. Swapan Roy DIN 09292193 Regular Director consider , thought fit , pass following Resolution ORDINARY RESOLUTION RESOLVED pursuant provisions Sections 152 , 161 applicable provisions , Companies Act , 2013 Act Companies Appointment Qualification Directors Rules,2014 including statutory modifications enactment thereof , time force applicable provisions SEBI Listing Obligations Disclosure Requirements Regulations , 2015 , Articles Association Company recommendation Nomination Remuneration Committee , Mr. Swapan Roy DIN:09292193 appointed Additional Director Board Directors effect 25th August , 2021 holds office upto date Annual General Meeting respect Company received notice writing Section 160 Act member proposing candidature office Director , appointed Non Executive Director Company office shall liable determination rotation . Regd . Office 1A , Vidyasagar Street Kolkata 700009 . Date 25/08/2021 Order Board ANTARCTICALIMITED Ruma Suchanti Company Secretary Membership . A13794 3 4 18 . Voting AGM I. compliance provisions Section 108 Companies Act , 2013 Rule 20 Companies Management Administration Rules , 2014 , amended Companies Management Administration Rules , 2015 Regulation 44 SEBI Listing Obligations Disclosure Requirements , Regulations , 2015 , Secretarial Standards issued General Meetings SS-2 issued Institute Company Secretaries India , Company pleased provide members facility exercise right vote Annual General Meeting AGM Poll . facility voting venue AGM ballot available Members cast votes remote e voting . Members cast votes remote e voting prior AGM attend meeting shall entitled cast votes . instructions shareholders voting electronically remote e voting period begins Monday , 27/09/2021 9:00 ends Wednesday , 29/09/2021 5:00 pm . period shareholders Company , holding shares physical form dematerialized form , cut date record date Thursday , 23/09/2021 cast vote electronically . e voting module shall disabled NSDL voting . vote resolution cast , Member shall allowed change subsequently INTRUCTIONS SHAREHOLDRES REMOTE E VOTING terms SEBI circular . SEBI HO CFD CMD CIR P/2020/242 dated December 9 , 2020 e Voting facility provided Listed Companies , Individual shareholders holding securities demat mode allowed vote demat account maintained Depositories Depository Participants . Shareholders advised update mobile number email d demat accounts order access e Voting facility . Pursuant abovesaid SEBI Circular , Login method e Voting joining virtual meetings Individual shareholders holding securities Demat mode CDSL NSDL given Type shareholders Login Method Individual 1 Users opted CDSL Easi Easiest facility , login existing user d password . Option available reach e Voting page authentication . URL users login Easi Easiest arehttpsweb.cdslindia.commyeasihomelogin visit www.cdslindia.com click Login icon select New System Myeasi . 2 successful login Easi Easiest user able e Voting option eligible companies evoting progress information provided company . clicking evoting option , user able e Voting page e Voting service provider casting vote remote e Voting period joining virtual meeting voting meeting . Additionally , links provided access system ofall e Voting Service Providers i.e. CDSL NSDL LINKINTIME , user visit e Voting service providers website directly . 3 user registered Easi Easiest , option register available httpsweb.cdslindia.commyeasiRegistrationEasiRegistration 4 Alternatively , user directly access e Voting page providing Demat Account Number PAN . e Voting link availableon www.cdslindia.com home page click httpsevoting.cdslindia.comEvotingEvotingLogin system authenticate user sending OTP registered Mobile Email recorded Demat Account . successful authentication , user able e Voting option evoting progress able directly access system e Voting Service Providers . Shareholders holding securities Demat mode CDSL Individual Shareholders holding securities demat mode NSDL 1 registered NSDL IDeAS facility , visit e Services website NSDL . Open web browser typing following URL httpseservices.nsdl.com Personal Computer mobile . home page e Services launched , click Beneficial Owner icon Login available IDeAS section . new screen open . enter User ID Password . successful authentication , able e Voting services . Click Access e Voting e Voting services able e Voting page . Click company e Voting service provider directed e Voting service provider website casting vote remote e Voting period joining virtual meeting voting meeting . 2 user registered IDeAS e Services , option register available httpseservices.nsdl.com . Select Register Online IDeAS Portal click httpseservices.nsdl.comSecureWebIdeasDirectReg.jsp 3 Visit e Voting website NSDL . Open web browser typing following URL httpswww.evoting.nsdl.com Personal Computer mobile . home page e Voting system launched , click icon Login available Shareholder Member section . new screen open . enter User ID i.e. sixteen digit demat account number hold NSDL , Password OTP Verification Code shown screen . successful authentication , redirected NSDL Depository site e Voting page . Click company e Voting service provider redirected e Voting service provider website casting vote remote e Voting period Individual login login credentials demat account Depository Shareholders Participant registered NSDL CDSL e Voting facility . successful login , able holding securities e Voting option . click e Voting option , redirected NSDL CDSL demat mode Depository site successful authentication , e Voting feature . Click company login e Voting service provider redirected e Voting service provider website Depository casting vote remote e Voting period Participants Important note Members unable retrieve User ID Password advised use Forget User ID Forget Password option available abovementioned website . 5 Helpdesk Individual Shareholders holding securities demat mode technical issues related login Depository i.e. CDSL NSDL Login type Helpdesk details Individual Shareholders holding securities Demat mode CDSL Members facing technical issue login contact CDSL helpdesk sending request helpdesk.evotingcdslindia.com contact 022- 23058738 22 23058542 43 . Individual Shareholders holding securities Demat mode NSDL Members facing technical issue login contact NSDL helpdesk sending request evotingnsdl.co.in toll free . 1800 1020 990 1800 22 44 30 Login method e Voting Physical shareholders shareholders individual holding Demat form Step 1 Log NSDL e Voting system httpswww.evoting.nsdl.com . Step 2 Cast vote electronically NSDL e Voting system . Details Step 1 mentioned Log NSDL e Voting website 1 . Visit e Voting website NSDL . Open web browser typing following URL httpswww.evoting.nsdl.comeither Personal Computer mobile . 2 . home page e Voting system launched , click icon Login available Shareholders section . 3 . new screen open . enter User ID , Password Verification Code shown screen . Alternatively , registered NSDL eservices i.e. IDEAS , log httpseservices.nsdl.com existing IDEAS login . log NSDL eservices log credentials , click e Voting proceed Step 2 i.e. directly cast vote electronically . 4 . User ID details given Members hold shares demat account NSDL 8 Character DP ID followed 8 Digit Client ID example DP ID IN300 Client ID 12 user ID IN300**12 . b Members hold shares demat account CDSL 16 Digit Beneficiary ID example Beneficiary ID 12 user ID 12 . c Members holding shares Physical Form Number followed Folio Number registered Company example Folio Number 001 101456 user ID 101456001 . 5 . password details given a. registered e voting , use existing password login cast vote . b. NSDL e Voting system first time , need retrieve Initial Password communicated . retrieve Initial Password , need enter Initial Password system force change Password . c. retrieve Initial Password i. e mail ID registered demat account Company , initial password communicated email ID . Trace email sent NSDL mailbox . Open email open attachment i.e. a.pdf file . Open .pdf file . password open .pdf file 8 digit client ID NSDL account , 8 digits client ID CDSL Account folio number shares held physical form . .pdf file contains User ID Initial Password . ii . email ID registered , follow steps mentioned process shareholders email ids registered . 6 . unable retrieve received Initial Password forgotten Password a. Click Forgot User Details Password holding shares demat account NSDL CDSL option available www.evoting.nsdl.com . b. Physical User Reset Password holding shares physical mode option available www.evoting.nsdl.com . c. unable password aforesaid two options , send request evotingnsdl.co.in mentioning demat account number folio number , PAN , registered address . d. Members use OTP One Time Password based login casting votes e Voting system NSDL . 7 . entering password , click Agree Terms Conditions selecting check box . 8 . , click Login button . 9 . click Login button , Home page e Voting open . Details Step 2 given cast vote electronically NSDL e Voting system 1 . successful login Step 1 , able Home page e Voting . Click e Voting . , click Active Voting Cycles . 2 . click Active Voting Cycles , able companies holding shares voting cycle active status . 3 . Select Antarctica Limited . 4 . ready e Voting Voting page opens . 5 . Cast vote selecting appropriate options i.e. assent dissent , verify modify number shares wish cast vote , click Submit Confirm prompted . 6 . confirmation , message Vote cast successfully displayed . 7 . printout votes cast clicking print option confirmation page . 8 . confirm vote resolution , allowed modify vote . 6 General Guidelines Shareholders 1 . Pursuant Section 113 Act , Institutional Corporate shareholders i.e. Individuals , HUF , NRI etc . required send scanned copy PDF JPG Format relevant Board Resolution Authority letter etc . attested specimen signature duly authorized signatoryies authorized vote , Scrutinizer e mail tausif.warsi707@gmail.com copy marked evotingnsdl.co.in 2 . strongly recommended share password person utmost care password confidential . Login e voting website disabled five unsuccessful attempts key correct password . event , need Forgot User Details Password Physical User Reset Password option available www.evoting.nsdl.com reset password . 3 . case queries , refer Frequently Asked Questions FAQs shareholders e voting user manual shareholders available download section httpswww.evoting.nsdl.com toll free . 1800 222 990 send request evotingnsdl.co.in . 1 . Process shareholders email ids registered depositories procuring user d password registration email ids e voting resolutions set notice case shares held physical mode provide Folio . , Shareholder , scanned copy share certificate , PAN self attested scanned copy PAN Card , AADHAR self attested scanned copy Aadhar Card email infoantarcticapackaging.com mdpldcyahoo.com b case shares held demat mode , provide DPID CLID 16 digit DPID CLID 16 digit beneficiary ID , , client master copy Consolidated Account statement , PAN self attested scanned copy PAN card , AADHAR self attested scanned copy Aadhar Card infoantarcticapackaging.com mdpldcyahoo.com c Alternatively member send e mail request evotingnsdl.co.in obtaining User ID Password providing details mentioned Point 1 2 case . I. update mobile number e mail d user profile details folio sending future communications . II . voting rights Members shall proportion shares paid equity share capital Company cut date Thursday , 23/09/2021 . III . person , acquires shares Company member Company dispatch Notice AGM holding shares cut date i.e. Thursday , 23/09/2021 , obtain login ID password sending request evotingnsdl.co.in . , registered NSDL remote e voting use existing user ID password casting vote . forgot password , reset password Forgot User Details Password Physical user Reset Password option available www.evoting.nsdl.com contact NSDL following toll free . 1800 222 990 . IV . line Ministry Corporate Affairs MCA Circular . 17/2020 dated April 13 , 2020 , Notice calling AGM uploaded website Company httpwww.antarcticapackaging.comin . Notice accessed websites Stock Exchange i.e. www.nseindia.com . AGM Notice disseminated website NSDSL agency providing Remote e Voting facility V. person , recorded register members register beneficial owners maintained depositories cut date i.e 23rd September,2021 shall entitled avail facility remote e voting . VI . Mohammad Tausif M s. Tausif Associates , ACS 40656 , CO 18170 , Practising Company Secretary , Kolkata appointed Scrutinizer scrutinize voting remote e voting process fair transparent manner . VII . Chairman shall , AGM , end discussion resolutions voting held , allow voting assistance scrutinizer , use ballot paper members present AGM cast votes availing remote e voting facility . VIII . Scrutinizer shall conclusion voting AGM , first count votes cast meeting unblock votes cast remote e voting presence two witnesses employment Company shall , later 48 hours conclusion AGM , consolidated scrutinizer report total votes cast favour , , Chairman person authorized writing , shall countersign declare result votingforthwith . IX . Results declared alongwith report Scrutinizer shall placed website Company website NSDL immediately declaration result Chairman person authorized writing . results shall immediately forwarded National Stock Exchange India Limited . EXPLANATORY STATEMENT PURSUANT SECTION 103 COMPANIES ACT,2013 Item . 3 Based recommendation Nomination Remuneration Committee , Board Directors Company meeting held 25th August , 2021 , approved appointment Mr Swapan Roy DIN 09292193 , Additional Director Board Company effect 25th August , 2021 . terms Section 161(1 Companies Act , 2013 , Mr Swapan Roy holds office upto date ensuing Annual General Meeting Company . Company received notice writing member Section 160 Companies Act , 2013 proposing candidature Mr Swapan Roy office Non Executive Director Company . Company received Mr Swapan Roy consent act Director , writing Form DIR-2 pursuant Rule 8 Companies Appointment Qualification Directors Rules , 2014 , ii disclosure Form DIR-8 pursuant Rule 14(1 Companies Appointment Qualification Directors Rules , 2014 effect disqualified sub section 2 Section 164 Companies Act , 2013 . terms Section 152 Companies Act , 2013 read Rules framed thereunder , Board Directors opinion Mr Swapan Roy , proposed appointed Director , fulfils conditions specified Companies Act , 2013 Rules thereunder Listing Regulations . possesses appropriate skills , experience knowledge required discharge duties Director . Directors seek approval said Ordinary resolution set Item No.3 Notice . 7 appointee Director , Directors Key Managerial Personnel Company relatives concerned interested , financially , resolution set Item . 3 details respect appointment Directors terms Regulation 36(3 SEBI LODR Regulations , 2015 , Companies Act , 2013 Secretarial Standards General Meetings annexed notice . Details directors seeking appointment appointment forthcoming Annual General Meeting company required regulation 36(3 listing regulation Secretarial Standard 2 SS-2 General Meetings 1 . Mrs. Renu Kuthari 2 . DIN 00679971 3 . Date Birth 06/08/1949 4 . Date Appointment 05/06/1991 5 . Qualifications Graduate 6 . Expertise Specific Functional Area 30 years experience management interpersonal skill development practical experience relate fellow co workers know deal subordinates , allows easy flow activities organization . 7 . Chairman Director Companies NIL 8 . meetings attended Board 4 4 9 . Shareholding Company 6702000 10 . Relationship directors inter se Related Mr. Rohit Kuthari 11 . Chairman Member Committees Company company Company NIL Committee Type NIL Membership NIL NIL 12 Remuneration sought NIL 1 . Mr. Swapan Roy 2 . DIN 09292193 3 . Date Birth 02/02/1970 4 . Date Appointment 25/08/2021 5 . Qualifications Graduate 6 . Expertise Specific Functional Area Mr. Swapan Roy vast experience 35 years Technical Operational Management . good technical skills help work efficiently , boost confidence workers staffs . training provider field paper printing packaging latest technology . 7 . Chairman Director Companies NIL 8 . meetings attended Board N.A 9 . Shareholding Company NIL 10 . Disclosure Relationship Directors NIL 11 . Chairman Member Committees Company company Committee Type NIL Membership NIL Compan y NIL NIL 12 Remuneration sought NIL 8 DIRECTORS REPORT Directors presented 29th Annual Report Audited Accounts Company financial year ended 31st March , 2021 Financial Results STATE COMPANY AFFAIRS FINANCIAL SUMMARY HIGHLIGHTS FINANCIAL SUMMARY year ended 31st March , 2021 year ended 31st March , 2020 Current YearRs . Previous YearRs . Total Revenue 1,23,35,669.11 1,32,04,524.39 Total Expenses 1,21,56,286.71 1,27,83,030.37 Profit Tax 179,382.40 4,21,494.02 Tax Expense 9,645 52,494 Profit tax 1,69,737.40 369,000.02 STATE COMPANY AFFAIRS , OPERATIONAL PERFORMANCE Company reported turnover Rs . 1,23,35,669.11 current year compared Rs.1,32,04,524.39 Financial year 2019 2020 . performance Company year continued disappointing .Efforts improve performance Company .Your Company adopted Indian Accounting Standards INDAS effect 1st April,2017 . Accordingly financial statements year ended 31st March,2021 prepared accordance IND terms provisions Section 133 Companies Act , 2013 read Companies Indian Accounting Rules,2015 amended time time . view continuation COVID-19 pandemic , Company carried assessment possible impact business operations , financial assets overall liquidity position management foresee significant incremental risk . second wave caused states declare lockdown . Company diligently followed government issued guidelines including adoption social distancing norms work place necessary precautions employees ongoing basis COVID-19 pandemic Company taking necessary measures terms mitigating impact challenges faced business place strict monitoring process COVID-19 precautions ensuing following Sanitizing premises regular basis Maintenance social distancing work places Management Company striving hard making sincere efforts better growth prospects Company future . FUTURE OUTLOOK difficult clear future outlook view uncertainties challenges resulted pandemic best Management hopeful better performances coming years . DIVIDEND Board Directors Company declared dividend keeping mind overall performance outlook Company find prudent declare dividend . TRANSFER RESERVES Directors propose transfer General Reserves CHANGE SHARE CAPITAL change capital structure Company year review . SUBSIDIAREIS , JOINT VENTURES ASSOCIATES Company subsidiary , associate joint venture Company . , requisite disclosure Section 129(3 Companies Act,2013 Form AOC-1 applicable . EXTRACT ANNUAL RETURN terms Section 29(3 Companies Act , 2013 Rule 12 Companies Management Administration Rules,2014 Annual Return Company available website Company linkhttpswww.antartica packaging.comuploadmiscellaneousAnnualReturn%31.03.2021 . 9 BOARD PROCEDURE NUMBER MEETINGS BOARD Board meets regularly discuss decide matters required . year 4 Four Board Meetings held . Additionally , committee meetings Independent Directors meeting held Financial Year ended 31st March , 2021 . details Meetings given Corporate Governance Report forms report . intervening gap meetings period prescribed Companies Act , 2013 SEBI Listing Regulations read circulars issued MCA SEBI respect increase gap extension holding meetings pursuant COVID-19 pandemic . COMMITTEES BOARD Board constituted following three committees 1 . Audit Committee 2 . Stakeholders Relationship Committee 3 . Nomination Remuneration Committee details respect compositions , powers , roles terms reference etc relevant committees Board Directors , attendance given Corporate Governance Report forms Report . recommendations Audit Committee year accepted Board . EMPLOYEE RELATIONS One Company key strengths people . Relations employees remained cordial satisfactory.during year . DIRECTORS RESPONSIBILITY STATEMENT accordance provisions Section 134 3 c Companies Act , 2013 , Directors best knowledge ability confirm 1 Applicable accounting standards followed preparation Annual Accounts year ended 31st March , 2021 proper explanation relating material departures . 2 Accounting policies selected applied consistently judgments estimates reasonable prudent applied true fair view state affairs Company respect financial year ended 31st March , 2021 profits Company period . 3 Proper sufficient care taken maintenance adequate accounting records accordance provisions Companies Act , 2013 , safeguarding assets Company preventing detecting fraud irregularities . 4 Annual Accounts year ended 31st March , 2021 prepared basis going concern concept . 5 Directors laid internal financial controls adequate operated effectively . 6 Adequate internal system devised ensure compliance provisions applicable laws systems adequate operating effectively . DECLARATION INDEPENDENT DIRECTORS Pursuant provisions Section 149(7 Act provisions Listing Regulations , Company received required declarations Independent Directors stating meet criteria Independence Section 149(6 Act Listing Regulations . Company informed Independent Directors compliance Rule 6(1)and 6 2 Companies Appointment Qualifications DirectorsRules,2014 , online registration Indian Institute Corporate Affairs Manesar inclusion data bank Independent Directors process .With regard integrity , expertise experience including proficiency Independent Director appointed appointed , Board Directors opinion Independent Directors persons integrity possess relevant expertise experience continued association Directors immense benefit best interest Company . regard proficiency Independent Directors , ascertained online proficiency self assessment test conducted Institute , notified Section 50 Act , Board Directors taken record exempt appearing test comply applicable law prescribed time . 10 year review change offices KMPs . INTERNALCONTROL SYSTEM Company Internal Control System , commensurate scale complexity operations . Internal Auditors independently evaluates adequacy Internal Controls . INTERNAL FINANCIAL CONTROLS REFERENCE FINANCIAL STATEMENTS Internal Financial Controls adequate operating efficiently ensure orderly effective conduct business operations . statutory auditors given unmodified opinion internal financial controls financial reporting Report . Company place defined Whistle Blower Policy . INTERNAL AUDITORS Company appointed AB CO . , CMA , Kolkata Firm Registration . ooo256 as Internal Auditors Company POLICY DIRECTOR APPOINTMENT REMUNERATION Company policy Directors appointment remuneration including criteria determining qualifications , positive attributes , independence director matters provided u s 178 3 Companies Act , 2013 given Annexure A Annexure forming Report . CESSATION DIRECTOR Mr. Ranjan Kuthari , Promoter Director passed away _ 14/04/2021_and directors expressed deepest condolences departed soul prayed giving strength bereaved family . APPOINTMENT accordance provisions Section 152 Companies Act , 2013 Articles Association Company , Mrs Renu Kuthari DIN 00679971 retires rotation ensuing Annual General Meeting eligible , offer appointment . Board recommends seeks support confirming appointment Mrs. Renu Kuthari . profile particulars experience , attributes skills qualify Board Membership Notice convening AGM given . Declaration received Independent Directors meets criteria Independence prescribed Section 149 Companies Act,2013 CompaniesAppointment Qualification DirectorsRules,2014 Regulation 16 SEBILODRRegulations,2015.Further , terms Regulation 25(8 SEBI LODR,2015 confirmed aware circumstances situation exists reasonably anticipated impair impact ability discharge duties . Independent Directors liable retire rotation . opinion board , Directors eligible appointment fulfills conditions Independent specified Act Rules thereunder independent management Company . KEY MANAGERIAL PERSONNEL Mr. Rohit Kuthari time Director , Mrs. Ruma Suchanti Company Secretary Mr. Sailendra Nath Rakshit CFO three KMPs Company pursuant Section 203 Companies Act , 2013 . AUDITORS terms provisions Section 139 Companies Act , 2013 read provisions Companies Audit Auditors Rules , 2014 amended , M s. Shankar Goswami Associates , Chartered Accountants ICAI Firm Registration . 328460E appointed Auditors Company consecutive period 5 years conclusion 25th AGM held year 2017 conclusion 30th AGM Company scheduled held year 2022 . 11 Members note consequent changes Companies Act , 2013 Companies Audit Auditors Rules , 2014 Ministry Corporate Affairs MCA vide notification dated 7 , 2018 , proviso Section 139(1 Companies Act , 2013 read explanation sub rule 7 Rule 3 Companies Audit Auditors Rules , 2014 , requirement ratification appointment Auditors Members AGM away . , Company seeking ratification appointment M s. Shankar Goswami Associates ICAI FRN 328460E , Chartered Accountants Auditors Company , Members ensuing AGM . Company received confirmation M s. Shankar Goswami Associates ICAI FRN 328460E , Chartered Accountants confirming eligibility continue Auditors Company terms provisions Section 141 Companies Act , 2013 Rules framed . AUDITOR REPORT report Auditors self explanatory qualification , reservation , adverse remark disclaimer , explanation comments Board required . REPORTING FRAUDS instance fraud year review required Statutory Auditors report Audit Committee andor Board Section 143(2 Act Rules framed thereunder . SECRETARIAL AUDIT REPORT Pursuant provisions Section 204 Act Companies Appointment Remuneration Managerial PersonnelRules , 2014 Secretarial Audit Report Company Secretary Practice Form MR-3 forms integral report given Annexure B forming Report . observation Secretarial Auditors addressed Management 1 . date Company paid NSE annual listing fees financial year 2019 2020 2020 2021 Regulation 14 SEBI Listing Obligations Disclosure Requirements Regulations , 2015 . 2 . Company process shares dematerialized form consequent shares admitted demat . 3 . Company updated Distinctive Number Range Depositories based records available Registrar Share Transfer Agent data available Company Registrar . certain physical share capital Company updated Depositories . 4 . Company process register Independent Directors IICA , Independent Director databank portal . PARTICULARS LOANS , GUARANTEES INVESTMENTS u s 186 COMPANIES ACT , 2013 Company loans , given guarantee third party loan security investments year review pursuant provisions Section 186 Companies Act , 2013 PARTICULARS CONTRACTS ARRANGEMENTS REATED PARTIES REFERRED SECTION 188(1 COMPANIES ACT , year review , Related Party Transactions RPT fall ambit Section 188(1 Act . material RPT entered Company Promoters , Directors KMP FY 2020 21.In view , disclosure required Act Form AOC-2 applicable FY 2020 21 . required SEBI LODR Regulations,2015 related party transactions placed Audit Committee approval . required , prior approval members Audit Committee taken .The policy related party transactions uploaded website Company httpwww.antarctica packaging.compolicies.php . MANAGEMENT DISCUSSION ANALYSIS REPORT Management Discussion Analysis Report required Regulation 34(2)e Listing Regulations forms intergral Annual Report annexed herewith Annexure C 12 CONSERVATION ENERGY , ABSORPTION TECHNOLOGY , FOREIGN EXCHANGE EARNINGS OUTGO information pursuant Section 134 3 m Companies Act 2013 Rule 8 Companies Account Rules 2014 given Annexure D Annexure forming Report . RISK MANAGEMENT POLICY Company identified key risk areas affect business operational goals Company . identified risks periodically revisited mitigated plans updated Company website httpwww.antarctica packaging.compolicies.php . POLICY CORPORATE SOCIAL RESPONSIBILITY level operations Company conform minimum threshold Corporate Social Responsibility reporting . FORMAL ANNUAL EVALUATION BOARD process criteria Annual performance evaluation Board , Committees individual Directors laid NRC Board Directors Company . accordance provisions Listing Regulations , evaluation process performance Board , committees individual Directors carried year . Company personnel denied access Audit Committee . DISCLOSURES SEXUAL HARASSMENT WOMEN WORKPLACE PREVENTION , PROHIBITION REDRESSAL ACT , 2013 Company place policy line requirements Sexual Harassment Women Workplace Prevention , Prohibition Redressal Act , 2013 rules framed thereunder . Internal Complaint Committee place redress complaints received sexual harassment . employees permanent , contractual , temporary etc covered policy updated Company website httpwww.antarcticapackaging.compolicies.php Company received compliant sexual harassment financial year 2020- 2021 compliant pending year end . DEPOSITS Company accepted fixed deposits Company outstanding deposits Section 73 Act , read Companies Acceptance Deposit Rules , 2014 Balance Sheet date COST AUDIT Company level operations come purview Cost Audit maintenance cost records prescribed . DETAILS SIGNIFICANT MATERIAL ORDERS PASSED REGULATORS COURTS TRIBUNALS IMPACTING GOING CONCERN STATUS COMPANY OPERATIONS FUTURE . significant material orders passed regulators courts tribunals impacting going concern status company operations future . COMPLIANCE SECRETARIAL STANDARDS BOARD GENERAL MEETINGS 13 year review , Company duly complied applicable provisions Secretarial Standards Meetings Board Directors SS-1 General Meetings SS-2 issued Institute Company Secretaries India ICSI . VIGIL MECHANISM WHISTLE BLOWER POLICY pursuance provisions section 177(9 10 Companies Act , 2013 , Vigil Mechanism Directors employees Company , report genuine concerns established . Vigil Mechanism Whistle Blower Policy uploaded Company website httpwww.antarctica packaging.compolicies.php Company personnel denied access Audit Committee . PARTICULARS EMPLOYEES March 31 , 2021 Company employees category specified Rule 5(2 Companies Appointment Remuneration Managerial Personnel Rules , 2014 . details 10 employees provided request Company . increase salary employee year increase salary KMP . CORPORATE GOVERNANCE Pursuant Regulation 34(3 Listing Regulation , separate section Corporate Governance certificate Practicing Chartered Accountant compliance conditions Corporate Governance report . . FAMILARISATION PROGRAMME INDEPENDENT DIRECTORS accordance provisions Listing Regulations , Company place programmes familarise Independent Directors respect nature industry Company operates , business model , roles responsibilities Independent Directors etc updated Company website httpwww.antarcticapackaging.compolicies.php MATTER Corporate Insolvency Resolution Process initiated Insolvency Bankruptcy Code,2016 Company one time settlement banks . INDUSTRIAL RELATIONS SAFETY Industrial Relations remained cordial year . Directors recognize appreciate sincere hard work , loyalty , dedicated efforts contribution employees growth performance Company year . Behalf Board Directors Rohit Kuthari Renu Kuthari Date 30th June,2021 time Director Director Place Kolkata DIN 00679976 DIN 00679971 ADDENDUM DIRECTORS REPORT addendum Directors Report year ending 31st March , 2021 dated 30th June , 2021 respect following item forms Director Report . following paragraph added subject matter . 14 CHANGE DIRECTORS Board meeting held 25th August , 2021 appointed Mr. Swapan Roy DIN 09292193 , Additional Non Executive Director Board Company hold office conclusion ensuing Annual General Meeting office shall liable retire rotation . Board recommends shareholders Resolution set Item No.3 accompanying Notice . Behalf Board Directors Rohit Kuthari Renu Kuthari Date 25th August,2021 Wholetime Director Director Place Kolkata DIN 00679976 DIN 00679971 ANNEXURE REMUNERATION POLICY INTRODUCTION Remuneration Policy Antarctica Limited Company designed attract , motivate retain exceptional employees competitive market . policy reflects Company objectives good corporate governance sustained long term value creation shareholder . Remuneration Director , key Managerial Personnel employees involving balance fixed incentive pay reflect short long term performance objectives appropriate working Company goals . weblink httpwww.antarcticapackaging.compolicies.php . APPOINTMENT DIRECTORS Appointment Director s applicable provisions schedules Companies Act , 2013 . BOARD REMUNERATION Efforts ensure remuneration Board Directors matches level comparable companies , whilst taking consideration board members required competencies , efforts scope scope board function , including number meetings . FIXED REMUNERATION Time Director s Directors receive fixed salary , basic perquisites , approved shareholders company General Meeting . SITTING FEES board shall fix sitting fees Directors Members Committee , taking account extent responsibilities time commitment , results Company Keeping view fees paid peer companies , similar size complexity . INCENTIVE PROGRAMME , BONUS PAY , ETC . Presently , Company incentive programme . REIMBURSEMENT EXPENSES Expenses connection board committee meetings reimbursed account rendered . PENSION SCHEME Board Directors covered pension scheme defined benefit pension scheme . REMUNERATION KEY MANAGERIAL PERSONNEL Nomination Remuneration Committee submits proposals concerning remuneration key Managerial Personnel ensure remuneration line conditions comparablecompanies . key Managerial Personnel entitled competitive remuneration package consisting following components .. Fixed salary .. Bonus .. Benefits , e.g. use company car , telephone , broadband , etc . FIXED SALARY fixed salary shall based market level increase shall periodically reviewed based performance appraisal . VARIABLE COMPONENTS Presently , Company fixed policy incentive based pay variable component salary structure . 15 PERSONAL BENEFITS key managerial personnel access number work related benefits , including company , car , free telephony , broadband home , work related newspapers magazines . extent individual benefits necessarily individual member Executive Management . key Managerial Personnel covered insurance policies .. Accident insurance .. Health insurance .. Directors officers Liability Insurance NOTICE TERMINATION employment relationship terminable giving months notice . REDUNDANCY PAY prevailing laws State Government RETIREMENT BENEFITS key Management Personnel covered employer administered pension plan defined benefit pension scheme . , pension scheme provident fund provided . Gratuity covered Act . DISCLOSURE total remuneration key Managerial Personnel stated Annual Report . REMUNERATION EMPLOYEES Nomination Remuneration Committee submits proposals concerning remuneration employees ensures remuneration line conditions comparable companies . Employees entitled competitive remuneration package consisting following components .. Fixed Salary .. Bonus FIXED SALARY fixed salary shall based market level increase shall periodically reviewed based performance appraisal . VARIABLE COMPONENTS Presently , Company fixed policy incentive based pay variable component salary structure . BENEFITS Housing Housing Repair Allowance . NOTICE TERMINATION prevailing laws State Government . REDUNDANCY PAY prevailing laws State Government RETIREMENT BENEFITS key Management Personnel covered employer administered pension plan defined benefit pension scheme . , pension scheme provident fund provided . Gratuity covered Act . Annexure B Form . MR-3 SECRETARIAL AUDIT REPORT FINANCIAL YEAR ENDED 31st MARCH , 2021 Pursuant section 204(1 Companies Act , 2013 rule . 9 Companies Appointment Remuneration Personnel Rules , 2014 , Members , ANTARCTICA LIMITED 1A , Vidyasagar Street Kolkata 700 009 conducted secretarial audit compliance applicable statutory provisions adherence good corporate practices M s. Antarctica Limited hereinafter called Company . Secretarial Audit conducted manner provided reasonable basis evaluating corporate conducts statutory compliances expressing opinion thereon . 16 Based verification books , papers , minute books , forms returns filed records maintained company information provided Company , officers , agents authorized representatives conduct secretarial audit , report opinion , company , audit period covering financial year ended 31st March , 2021 complied statutory provisions listed hereunder Company proper Board processes compliance mechanism place extent , manner subject reporting hereinafter examined books , papers , minute books , forms returns filed records maintained Company financial year ended 31st March , 2021 according provisions Companies Act , 2013 Act rules thereunder ii Securities Contracts Regulation Act , 1956 SCRA rules thereunder iii Depositories Act , 1996 Regulations Bye laws framed thereunder extent Reg . 55A iv Foreign Exchange Management Act , 1999 rules regulations thereunder extent Foreign Direct Investment , Overseas Direct Investment External Commercial Borrowings applicable Company audit period v following Regulations Guidelines prescribed Securities Exchange Board India Act , 1992 SEBI Act Securities Exchange Board India Substantial Acquisition Shares Takeovers Regulations , 2011 b Securities Exchange Board India Prohibition Insider Trading Regulations , 2015 c Securities Exchange Board India Issue Capital Disclosure Requirements Regulations , 2009 applicable Company audit period d Securities Exchange Board India Share based employee benefit Regulations , 2014 applicable Company audit period e Securities Exchange Board India Issue Listing Debt Securities Regulations , 2008 applicable Company audit period f Securities Exchange Board India Registrars Issue Share Transfer Agents Regulations , 1993 Companies Act dealing client g Securities Exchange Board India Delisting Equity Shares Regulations , 2009 applicable Company audit period h Securities Exchange Board India Buyback Securities Regulations , 1998 applicable Company audit period vi Company engaged business printing packaging . Act specifically aforesaid businesses applicable Company . examined compliance applicable clauses Regulations following Secretarial Standards SS-1 SS-2 issued Institute Company Secretaries India notified Ministry Corporate Affairs . ii Securities Exchange Board India Listing Obligations Disclosure Requirements Regulations , 2015 . confirm compliance applicable financial laws including Direct Indirect Laws Company reviewed Audit subject review Statutory Auditors designated professionals . period review Company generally complied provisions Act , Rules , Regulations , Guidelines , Standards , etc . mentioned subject following observations 1 . delay payment NSE annual listing fees financial year 2019 2020 2020 2021 Regulation 14 SEBI Listing Obligations Disclosure Requirements Regulations , 2015 . , paid date . 2 . 35294500 Nos shares hold Promoters dematerialized form . Company process getting 35294500 Nos shares listed NSE consequent shares admitted demat . 3 . SEBI CIRCULAR . SEBI HO MRD DOP2DSA2 CIR P/2019/87 August 01 , 2019 certain physical share capital Company updated Distinctive Number Range Depositories . report A. Board Directors Company duly constituted proper balance Executive Directors , Non Executive Directors Independent Directors . changes composition Board Directors took place period review carried compliance provisions Act . Company process fill casual vacancy caused demise Late Ranjan Kuthari w.e.f . , 14/04/2021 . Companies Appointment Qualification Directors Fifth Amendment Rules , 2019 independent directors company default register Independent Director databank . B. Adequate notice given directors schedule Board Meetings , agenda detailed notes agenda sent seven days advance , system exists seeking obtaining information clarifications agenda items meeting meaningful participation meeting . decisions Board Meetings Committee Meetings carried unanimously recorded minutes meetings Board Directors Committee Board , case . report adequate systems processes Company commensurate size operations Company monitor ensure compliance applicable laws , rules , regulations guidelines . report audit period specific events actions having major bearing Company affairs pursuance referred laws , rules , regulations , guidelines , standards , etc . referred . report audit period instances Public Rights Preferential Issue Shares Debentures Sweat Equity , etc . 17 Redemption Buy Securities Major decisions taken members pursuance Section 180 Companies Act , 2013 Merger Amalgamation Reconstruction , etc . Foreign Technical Collaboration Place Kolkata Date 30.06.2021 Tausif Associates Mohammad Tausif Practising Company Secretary ACS 40656 , COP:18170 UDIN A040656C000546953 report read letter date annexed Annexure forms integral report . Annexure B1 , Members ANTARCTICA LIMITED 1A , Vidyasagar Street Kolkata 700 009 report date read letter . 1 Maintenance Secretarial record responsibility management Company . responsibility express opinion secretarial records based audit . 2 followed audit practices processes appropriate obtain reasonable assurance correctness contents secretarial records . verification test basis ensure correct facts reflected secretarial records . believe processes practices , followed provide reasonable basis opinion . 3 verified correctness appropriateness financial records Books Accounts Company . 4 required , obtained Management representation compliance laws , rules regulations happening events etc . 5 compliance provisions Corporate applicable laws , rules , regulations , standards responsibility management . examination limited verification procedures test basis . 6 Owning second wave COVID-19 pandemic restrictions movement pubic imposed Government West Bengal cascading impact thereof , certain verifications cross checks , relied management representations assurances , required , forming opinion eventual reporting . 7 Secretarial Audit report assurance future viabillity Company efficacy effectiveness management conducted affairs Company . Tausif Associates Mohammad Tausif Place Kolkata Date 30.06.2021 MANAGEMENT DISCUSSION ANALYSIS REPORT 1 . Industry Structure Development Practising Company Secretary ACS 40656 , COP:18170 ANNEXURE C Indian Packaging Industry broad base tiny , small , medium large sector units . Total capacity available sectors 3.75 Million Metric Tons , expected increase 6.00 million Metric Tons . Indian Print Packaging Market witnessed astounding growth . India 12th largest Print Packaging Market World .. growth significant Eastern region . modernization required pace rising demand . Paper , Paper Board Packaging material scenario continues bright plastic materials discarded . 18 2 . Opportunities Threats Opportunity company primarily supplies packaging materials Tea Industries , Pharmaceutical Industries Spices Industries . general economic situation , particularly export segment Tea remains depressed basically Russian Union countries going bulk packed ones Arabian countries declined . packaging requirements proportionately declined . things coming normal packaging industry looking forward turnaround near future . Threats Higher domestic cost power fuel large component domestic taxes cost production product somewhat uncompetitive export domestic market . ii multinational export houses preferred import packaging materials payment import duties additional threat industry performance . iii FSEZ , resulted impossible situation domestic sale account Custom duty leviable domestic sale higher compared Excise Duty chargeable DTA manufacturers . producing indigenous raw materials , supplies DTA area costly market segment becomen existent . Covid-19 Pandemic financial year 2020 21 challenging time industry . prolonged phase lockdown enforced contain coronavirus pandemic came setback . outbreak COVID 19 hit operations Company company achieve planned turnover profits . 3 . Segmentwise Productwise Performance . Company Paper based Packaging Publishing product manufacturer . 4 . Outlook Company , keeping recent trend Consumer friendly pack , geared producing factory . Presently Company manufacturing printed packaging cartons boxes international standard specification . ISO certification , Company engaged continuous monitoring manufactured quality setup self sufficient laboratory . improvement demand exports , company expects fulfill goal serve consumer industry best way possible . sudden global pandemic situation gloomy . Proper sanitization social distancing norms maintained . Frequent lockdowns effected production severely . 5 . Risk Concern order competitive overseas market , Tea exporters trying offer favorable price , eventually reflected buying packaging items lower price . , Company industry large unable pass hike cost power , fuel , labour etc . consumer , adversely impacts profitability . 6 . Internal Control Systems adequacy Company adequate internal control systems , reviewed Management internal auditors quarterly audit areas Company operations ensure systems properly complied transparency maintained . observations Auditors Company replies placed Audit Committee Directors regular basis reviewing adequacy . 7 . Financial performance respect operational performance depressed export market , capacity utilization target achieved Company obliged restricted manufacturing operation . line current trend , Company implemented cost control measures offset increase production cost . identified possibility cost reduction capital investment , executed soon marketing scenario turns better . 8 . Material developments Human resources Industrial Relations , including number peopleemployed order achieve utilization equipment potential inculcate proper operation maintenance practices , Company personnel exposed latest ideas concepts house external training programmes reputed institutes financial limitations . Interactions plant personnel daily basis improve sensitivity plant , helps better identification plant problems resolutions identifying areas cost reduction . Industrial Relations remained cordial year report . 9 . Cautionary Statement Statement Management Discussions Analysis Report regard projections , estimates expectations good faith . unforeseen factors come play affect actual results different Directors envisage terms future performance outlook . Market date product information contained Report based information gathered published unpublished reports , accuracy , reliability completeness assured . Company industry large unable pass hike cost power , fuel , labour etc . consumer , adversely impacts profitability . 19 10 . Cautionary Statement Statement Management Discussions Analysis Report regard projections , estimates expectations good faith . unforeseen factors come play affect actual results different Directors envisage terms future performance outlook . Market date product information contained Report based information gathered published unpublished reports , accuracy , reliability completeness assured . ANNEXURE D A. Conservation energy steps taken impact conservation energy Company operations involve substantial consumption energy compared cost production . possible energy conservation efficiency measures undertaken . ii steps taken company utilizing alternate sources energy Company considers optimize use alternate sources energy , processing Printing Packaging Materials . Availability natural gas pipeline eagerly awaited , Company readily use lower cost Company environment . iii capital investment energy conservation equipments new equipments purchased , weight age given conservation electrical energy reduce long term running costs . B. Technology absorption efforts technology absorption Company subscribes Printing Association implements guidance recommendations . company R D Unit . ii case imported technology imported three days reckoned beginning financial year detail technology imported NIL b year import NIL c technology fully absorbed NA d fully absorbed , areas absorption taken place , reasons thereof NA iii expenditure incurred Research Development cover item C. Foreign exchange earnings Outgo Foreign Exchange earned NIL Foreign Exchange outgo NIL REPORT CORPORATE GOVERNANCE Pursuant Regulation 34(3 SEBI Listing Obligations Disclosure Requirements Regulations , 2015 Listing Regulation 1 . COMPANY PHILOSOPHY CODE GOVERNANCE Company based principles Corporate Governance philosophy transparency , accountability , values ethics , forms integral Management initiative ongoing pursuit achieving excellence , growth value creation . Company committed highest standards Corporate Governance disclosure practices ensure affairs managed best interest stakeholders . Company strong legacy fair , transparent ethical governance practices . Company adopted Code Conduct prevention Insider Trading Code Corporate Disclosure practices pursuance Securities Exchange Board India SEBI Prohibition Insider Trading Regulations Whistle Blower Policy . Company compliance requirements Corporate Governance stipulated SEBI Listing Obligations Disclosure Requirements Regulations , 2015 SEBI Listing Regulations . Company firmly believes company succeed sustained basis , maintain global standards Corporate Conduct . believes Corporate Governance simply matter creating checks balances creating outperforming organization , leads increasing employee customer satisfaction . business objective company manufacture create value added services way sustained long term benefit consumers , shareholders , employees , business associates national economy . believe Corporate Governance journey constantly improving sustainable value creation Governance mechanism Company , Board Committees undertakes fiduciary responsibilities stakeholders ensuring transparency , fairplay independence decision making . Company recognizes communication key element overall Corporate Governance framework , emphasizes keeping abreast stakeholders including investors , lenders , vendors customers continuous basis effective relevant communication Annual Reports , quarterly results , corporate announcements reflecting Company official website . 2 . GOVERNANCE STRUCTURE 20 Company Governance comprises twofold layer , Board Directors Committees Board apex level Management Company operational level . brings homogenous blend governance Board lays overall corporate objectives provides direction independence Management achieve objectives given framework . professionally managed process results building conducive environment sustainable business operations value creation stakeholders . 3 . Board Directors Board Directors Committees provides leadership guidance Management directs supervises performance Company , enhancing stakeholder value . Board fiduciary relationship ensuring rights stakeholders protected . Board Directors Company optimum combination Executive , Non Executive Independent Directors having requisite knowledge expertise business industry , corporate finance , taxation , legal matters marketing . Board Directors 31st March , 2021 comprised 6 Directors , 4 Non Executive Directors . Company Executive Chairman Managing Director , One time Director , One Non Executive Director Three Independent Directors 31st March , 2021 . Directors possess relevant qualifications experience general Corporate Management , Finance , Banking allied fields enable effectively contribute Company capacity Directors . Directors Board hold Directorships ten Public Companies . member ten Committees Chairman five Committees committees Audit Committee Stake Holder relationship Committee Regulation 26 SEBI Listing Regulations Public Companies Director . necessary disclosures Committee positions Public Companies 31st March , 2021 given Directors . Independent Directors Company appointed provisions Companies Act , 2013 Act SEBI LODR Regulations Governance Guidelines Board effectiveness adopted Company . Formal letters appointment issued Independent Directors terms conditions appointment disclosed Company website . Category attendance Directors Details attendance Directors Board Meetings Annual General Meeting particulars Directorship Chairmanship Membership Board Committees Companies 31.03.2021 Directors Category . Board Meeting attended 2020 2021 Attendan ce AGM held 29th Septemb er , 2020 . Directo rships 31.03 . 2021 . Committee Positions Mandatory Committees . Shares held Member Chairman Mr Ranjan Kuthari Chairman Executive Director 4 YES NIL NIL NIL 34870043 Mrs Renu Kuthari Non Executive Director Woman Director 4 YES N L 1 1 6702000 Mr. Rohit Kuthari Time Director 4 YES N L NIL NIL 6123253 Mr. Sadananda Banerjee Non Executive Independent Director 4 YES N L 2 1 NIL Mr. Ramesh Chandra Bhowmick Non Executive Independent Director 4 YES NI L NIL NIL NIL Mr. Panchu Gopal Chatterjee Non Executive Independent Director 4 YES N L NIL NIL NIL Excludes Directorships Associations , Private Limited Companies , Foreign Companies , Government Bodies Companies registered Section 8 Companies Act , 2013 . Audit Committee Stakeholders Relationship Committee 21 Indian Public Companies considered Committee positions . Ceased director w.e.f . , 14/04/2021 demise . Company held 4 Four Board Meetings Financial Year 2020 2021 maximum interval two meetings maximum allowed gap pursuant Companies Act , 2013 SEBI Listing Regulations read Circulars issued MCA SEBI respect increase gap extension holding meetings pursuant COVID-19 pandemic . dates Board Meetings held 29.06.2020 , 18.08.2020 , 09.11.2020 11.02.2021 respectively . Director . Board Meetings attended Mr. Ranjan Kuthari 4 Mrs. Renu Kuthari 4 Mr. Rohit Kuthari 4 Mr. Sadananda Banerjee 4 Mr. Ramesh Chandra Bhowmick 4 Mr. Panchu Gopal Chatterjee 4 Code Conduct Company adopted Code Conduct applicable senior management personnel Company , including Managing Executive Directors . Board approved Code Conduct Non Executive Directors Company Independent Directors Board members Senior Management Personnel , Regulation 26 3 SEBI Listing Regulations affirmed compliance applicable Code Conduct . Non Executive Directors , material pecuniary relationship transactions Company , Promoters Directors , Senior Management .The Directors Senior Management Company disclosures Board confirming material Financial andor Commercial transactions Company potential conflict interest Company large weblink httpwww.antarctica packaging.compolicies.php . Separate Meeting Independent Directors separate Meeting Independent Directors Company held 09.11.2020 required Schedule IV Act Code Independent Directors Regulation 25 3 SEBI Listing Regulations . meeting , Independent Directors Reviewed performance Non Independent Directors , Board Reviewed performance Chairman Company , taking account views Managing Director Non Executive Directors Assessed quality , quantity timeliness flow information Company Management Board necessary Board effectively reasonably perform duties . Board Director Evaluation Criteria Evaluation Nomination Remuneration Committee NRC defined evaluation criteria , procedure performance evaluation process Board , Committees Directors . criteria Board evaluation include inter alia , degree fulfillment key responsibilities , Board structure composition , establishment delineation responsibilities Committees , effectiveness Board processes committees information functioning . NRC formulated criteria determining qualifications , positive attributes independence Directors terms Section 178(3 Companies Act , 2013 SEBI Listing Regulations . Independence accordance criteria , Director considered Independent Director he meets criteria Independent Director laid Companies Act , 2013 SEBI Listing Regulations . Qualifications transparent Board nomination process place encourages diversity thought , experience , knowledge , age gender . ensured Board appropriate blend functional Industry expertise . recommending appointment Director , NRC considers manner function domain expertise individual contribute overall skill domain mix Board . addition duties prescribed Act , Directors Board Company expected demonstrate high standards ethical behavior , strong interpersonal communication skills soundness judgment . Independent Directors expected abide Code Independent Directors outlined Schedule IV Companies Act , 2013 . Positive Attributes criteria evaluation individual Directors include aspects attendance contribution Board Committee Meetings guidance support Management outside Board Committee Meetings . addition , Chairman evaluated key aspects role , including setting strategic agenda Board , encouraging active engagement Board members motivating providing guidance Managing Director CEO . year , Board carried Annual Evaluation performance performance Directors , evaluation working Committees . 22 SKILLS EXPERTISE COMPETENCE BOARD DIRECTORS SPECIFYING FOLLOWING Integrity , Management Skills , Leadership Skills , Vision , Strategic thinking . Accounting related financing management expertise , Technical Knowledge , Decision making ability , strategic thinking . Sl . Director Skill Expertise Competence 1 Rohit Kuthari 15 years Experience field operational production management . 2 Renu Kuthari 30 years experience management interpersonal skill development practical experience relate fellow co workers know deal subordinates , allows easy flow activities organization . 3 Sadanand Banerjee 40 years experience handling proceesing , production , technical services , project development , marketing 4 Panchu Gopal Chatterjee 20 years experience Finance , Purchase Sales 5 Ramesh Chandra Bhowmick 10 years experience Production Management Familiarization Programme Independent Directors Company familiarizes Independent Directors Company , roles , rights , responsibilities Company , nature Industry Company operates , etc programmes . include orientation programme induction new Directors , initiatives update Directors ongoing basis . Familiarization programme Independent Directors disclosed Company website weblink httpwww.antarcticapackaging.compolicies.php . 4 . Audit Committee qualified Independent Audit Committee set Board compliance requirements Regulation 18 SEBI Listing Regulations read Section 177 Companies Act , 2013 . Terms reference Audit Committee functions according Charter defines composition , authority , responsibilities reporting functions . terms reference Audit Committee , inter alia , follows Oversight Company Financial Reporting process disclosure financial information ensure financial statements correct , sufficient credible . b Review Management Quarterly Annual Financial Statements Auditor Report thereon , submission Board approval . c Discuss Statutory Auditors , Audit commences , nature Scope Audit , post audit discussion ascertain area concern . d Recommend Board appointment , reappointment , required , replacement removal Statutory Internal Auditors , remuneration terms appointment Auditors , fixation audit fees approve payment services rendered Statutory Internal Auditors . e Review monitor Auditor Independence performance effectiveness audit process . f Review Management , performance Statutory Internal Auditors . g Review adequacy Internal Audit function adequacy efficacy Internal Control Systems . h Evaluate Internal Financial Controls Risk Management Systems . Scrutinize Inter Corporate Loans Investments . j Discuss significant findings Internal Auditors follow thereon . k Review findings internal investigations Internal Auditors matters suspected fraud irregularity failure Internal Control Systems material nature reporting matter Board . 23 l Look reasons substantial defaults payments Depositors , Debenture Holders , Shareholders Creditors . m Approve transactions , including subsequent modifications , Company related parties . n Valuation undertakings Assets Company , necessary . o Review monitor statement use application funds raised Public Offers related matters . p Review functioning Whistle Blower Mechanism . q Approve appointment Chief Financial Officer assessing qualifications , experience background candidate . r , generally , items listed C Regulation 18 SEBI Listing Regulations Section 177 Companies Act , 2013 . Composition Attendance year composition Audit Committee details Meetings attended Members Financial Year ended 31st March , 2021 DATES DIRECTORS Mr. Sadananda Banerjee Mr. Ramesh Chandra Bhowmick Mr. Panchu Gopal Chatterjee Chairman Member Member 29/06/2020 18/08/2020 09/11/2020 11/02/2021 Audit Committee met four times year maximum interval two meetings maximum allowed gap pursuant Companies Act , 2013 SEBI Listing Regulations read Circulars issued MCA SEBI respect increase gap extension holding meetings pursuant COVID-19 pandemic . attendance member Audit Committee Meetings given . representative Statutory Auditors Permanent Invitees Audit Committee . Company Secretary attendance meetings . recommendations Audit Committee accepted Board Directors . year , Audit Committee reviewed key Audit findings covering Operational , Financial Compliance areas , Risk Mitigation Plan covering key risks affecting Company presented Committee . Chairman Audit Committee briefed Board members significant discussions Audit Committee Meetings . th Chairman Audit Committee present Annual General Meeting Company held 29 September , 2020 . 5 . Nomination Remuneration Committee Nomination Remuneration Committee Company constituted line provisions Regulation 19 SEBI Listing Regulations , read Section 178 Act . Terms reference terms reference Nomination Remuneration Committee NRC follows recommendations composition Board , identify Independent Directors inducted Board time time steps refresh composition Board time time . b Identify persons qualified Directors appointed senior management accordance criteria laid , recommend Board appointment removal . c Formulate criteria determining qualifications , positive attributes independence Director recommend Board policy relating remuneration Directors , Key Managerial Personnel KMP employees . d Formulate criteria evaluation performance Independent Directors Board Directors . e extend continue term appointment Independent Director , basis report performance evaluation Independent Directors . f Devise policy diversity Board Directors . g Assist Board fulfilling Corporate Governance responsibilities relating remuneration Board , KMP Executive teammembers . h Evaluate approve appointment remuneration senior executives , including KMP , Company remuneration plan , annual salary increase principles budgets , annual long term incentive plans Company , policies programmes succession planning , employment agreements , severance agreements 24 25 Committee oversees performance Registrar Transfer Agent recommends measures overall improvement quality Investor service . Mrs Ruma Suchanti Compliance Officer . Given position complaints received attended Financial Year 2020 2021 . Requests Queries Complaints received NIL Requests Queries Complaints attended NIL Pending requests queries complaints 31.03.2021 NIL Shares Company compulsory traded dematerialized form . 7 . GENERAL BODY MEETINGS i. Location time , three AGMs held three Annual General Meetings Company held Year Date Time Meeting Venue 2018 28/09/2018 11:00 A.M. Rammohan Library Hall,267 , Acharya Prafulla Chandra Road , Kolkata 700009 2019 30/09/2019 11:00 A.M Rammohan Library Hall,267 , Acharya Prafulla Chandra Road , Kolkata 700009 2020 29/09/2020 2:00 P.M Rammohan Library Hall,267 , Acharya Prafulla Chandra Road , Kolkata 700009 ii . special resolutions passed previous three AGMs AGM held year 2020 Special Business Special Resolution REAPPOINTMENT MR . SADANANDA BANERJEE DIN 05282648 , INDEPENDENT DIRECTOR COMPANY SECOND TERM FIVE YEARS . 1 . 2 . APPOINTMENT MR . RANJAN KUTHARI DIN 00679967 MANAGING DIRECTOR COMPANY FUTHER PERIOD 3 YEARS HOLD OFFICE UPTO 31.03.2023 3 . APPOINTMENT MR . ROHIT KUTHARI DIN 00679976 TIME DIRECTOR COMPANY PERIOD 3 YEARS UPTO 31.03.2023 iii . Special Resolution passed year postal ballot details voting pattern special resolution passed exercise postal ballot year . 8 . Means Communication Quarterly Annual Financial Results Company uploaded NSE Electronic Application Processing System NEAPS accordance SEBI Listing Regulations . Results displayed NSE websites . Results published leading English ECHO INDIA Bengali ARTHIK LIPI daily Newspapers posted Company website www.antarcticapackaging.com . terms SEBI Listing Regulations , Company designated separate email ID entertaining Investor complaints . General Shareholder information I. AGM Date , Time Venue Wednesday , 30th September , 2021 11:00 A.M. Registered office 1A , Vidyasagar Street , Kolkata 700009 II . Financial Calendar tentative Board Meeting approval first quarter ending June 30 , 2021 second quarter ending September 30 , 2021 third quarter ending December 31 , 2021 fourth quarter ending March 31 , 2022 Second week August 2021 Second week November 2021 Second week February2022 , 2022 III . Dates Book Closure 27/09/2021 30/09/2021 days inclusive IV . Dividend Payment Date Applicable 26 27 28 instances financial year 2020 2021 board accepted recommendations audit committee board . CERTIFICATE COMPLIANCE CODE CONDUCT provided Regulation 17(5 SEBI Listing Obligations Disclosure Requirements Regulations , 2015 , Board Members Senior Management Personnel Company affirmed compliance Company Code Conduct , financial year ended 31st March , 2021 . ANTARCTICA LIMITED Rohit Kuthari Date 30th June , 2021 Wholetime Director Place Kolkata DIN 00679976 CERTIFICATE CORPORATE GOVERNANCE Members Antarctica Limited examined compliance conditions Corporate Governance M s. Antarctica Limited , financial year ended 31st March , 2021 , stipulated regulations 17 27 clauses b regulation 46(2 para C D Schedule V Securities Exchange Board India Listing Obligation Disclosure Requirements Regulations , 2015 extent applicable . compliance conditions Corporate Governance responsibility management . examination limited procedures implementation thereof adopted Company ensuring compliance conditions Corporate Governance . audit expression opinion financial statements Company . opinion best information according explanations given representations management , certify Company complied conditions Corporate Governance stipulated mentioned Regulations following observation 1 . delay payment NSE annual listing fees financial year 2019 2020 2020 2021 Regulation 14 SEBI Listing Obligations Disclosure Requirements Regulations , 2015 . , paid date . 2 . 35294500 Nos shares hold Promoters dematerialized form . Company process getting 35294500 Nos shares listed NSE consequent shares admitted demat . 3 . SEBI CIRCULAR . SEBI HO MRD DOP2DSA2 CIR P/2019/87 August 01 , 2019 certain physical share capital Company updated Distinctive Number Range Depositories . 4 . Companies Appointment Qualification Directors Fifth Amendment Rules , 2019 Independent Directors company default register Independent Director databank . state compliance assurance future viability Company efficiency effectiveness management conducted affairs Company . Ekta Goswami Associates Ekta Goswami Date 30/06/2021 Practising Company Secretary Place Howrah ACS 40657 , COP 16778 UDIN A040657C000546734 Note view second wave COVID-19 pandemic restrictions imposed Government West Bengal movement people , relied electronic data verification certain records physical verification possible . 29 Certificate pursuant Regulation 34(3 Schedule V , Para C , Clause 10)i SEBI Listing Obligations Disclosure Requirements Regulations , 2015 Based verification books , papers , minute books , forms returns filed records maintained M s. Antarctica Limited having registered office 1A , Vidyasagar Street , Kolkata 700 009 information provided Company , officers , agents authorized representatives , report financial year ended March , 31 2021 opinion directors Board Company debarred disqualified appointed continuing director company Board Ministry Corporate Affairs statutory authority . Ekta Goswami Associates Ekta Goswami Date:30/06/2021 Practising Company Secretary Place Howrah ACS 40657 , COP 16778 UDIN A040657C000546866 Chief Executive Officer CEO Chief Financial Officer CFO Certification , Rohit Kuthari , time Director Sailendra Rakshit Chief Financial Officer Antarctica Limited , best knowledge belief , certify 1 reviewed financial statements year ended March 31 , 2021 best knowledge , information belief statements contain materially untrue statement omit material fact contain statements misleading b statements present , material respects , true fair view Company affairs , financial condition results operations compliance applicable accounting standards , laws regulations . 2 , best knowledge belief , transactions entered Company year fraudulent , illegal violate Company code conduct . 3 responsible establishing maintaining internal controls financial reporting Company Designed controls ensure material information relating Company , including consolidated subsidiaries , known b Designed caused designed , internal control systems financial reporting , provide reasonable assurance preparation financial statements accordance IND India c accept responsibility establishing maintaining internal controls financial reporting evaluated effectiveness internal control systems Company pertaining financial reporting . Deficiencies design operation internal controls , , aware disclosed auditors Audit Committee steps taken rectify deficiencies . d significant change internal control financial reportingduring year reference ii significant change accounting policies year requiring disclosure notes financial statements iii aware instance year significant fraud involvement management employee having significant role Company internal control system financial reporting . 4 declare , board members senior managerial personnel affirmed compliance code conduct current year Date 30/06/2021 Place Kolkata Rohit Kuthari time Director DIN 00679976 Sailendra Rakshit Chief Financial Officer 30 INDEPENDENT AUDITORS REPORT Members Antarctica Limited Report audit Standalone Ind financial statements Opinion audited accompanying Standalone Ind financial statements Antarctica Limited , comprise balance sheet March 31 , 2021 , Statement Profit Loss statement cash flows year ended , notes Standalone Ind financial statements , including summary significant accounting policies explanatory information . opinion best information according explanations given , aforesaid Standalone Ind financial statements information required Companies Act , 2013 Act manner required true fair view conformity accounting principles generally accepted India , state affairs Company March 31 , 2021 , profit cash flows year ended date . Basis opinion conducted audit accordance standards auditing specified section 143 10 Companies Act , 2013 . responsibilities Standards described auditor responsibilities audit Standalone Ind financial statements section report . independent Company accordance code ethics issued Institute Chartered Accountants India ethical requirements relevant audit Standalone Ind financial statements provisions Act rules thereunder , fulfilled ethical responsibilities accordance requirements code ethics . believe audit evidence obtained sufficient appropriate provide basis opinion . Key audit matters Key audit matters matters , professional judgment , significance audit Standalone Ind financial statements current period . matters addressed context audit IndAs financial statements , forming opinion thereon , provide separate opinion matters . Information Standalone Ind financial statements auditors report thereon Company board directors responsible preparation information . information comprises information included Board Report including Annexures Board Report , Business Responsibility Report include Standalone Ind financial statements auditor report thereon . opinion Standalone Ind financial statements cover information express form assurance conclusion thereon . connection audit Standalone Ind financial statements , responsibility read information , , consider information materially inconsistent standalone Standalone Ind financial statements knowledge obtained course audit appears materially misstated . , based work performed , conclude material misstatement information , required report fact . report regard . Management responsibility Standalone Ind financial statements Company board directors responsible matters stated section 134 5 Act respect preparation Standalone Ind financial statements true fair view financial position , financial performance cash flows Company accordance accounting principles generally accepted India , including accounting standards specified section 133 Act read Companies Indian Accounting Standards Rules , 2015 , amended . responsibility includes maintenance adequate accounting records accordance provisions Act safeguarding assets Company preventing detecting frauds irregularities selection application appropriate accounting policies making judgments estimates reasonable prudent design , implementation maintenance adequate internal financial controls , operating effectively ensuring accuracy completeness accounting records , relevant preparation presentation financial statement true fair view free material misstatement , fraud error . preparing Standalone Ind financial statements , management responsible assessing Company ability continue going concern , disclosing , applicable , matters related going concern going concern basis accounting management intends liquidate Company cease operations , realistic alternative . board directors responsible overseeing Company financial reporting process . 31 Auditor responsibilities audit Standalone Ind financial statements objectives obtain reasonable assurance Standalone Ind financial statements free material misstatement , fraud error , issue auditor report includes opinion . Reasonable assurance high level assurance , guarantee audit conducted accordance SAs detect material misstatement exists . Misstatements arise fraud error considered material , individually aggregate , reasonably expected influence economic decisions users taken basis Standalone Ind financial statements . audit accordance SAs , exercise professional judgment maintain professional skepticism audit . Identify assess risks material misstatement Standalone Ind financial statements , fraud error , design perform audit procedures responsive risks , obtain audit evidence sufficient appropriate provide basis opinion . risk detecting material misstatement resulting fraud higher one resulting error , fraud involve collusion , forgery , intentional omissions , misrepresentations , override internal control . Obtain understanding internal control relevant audit order design audit procedures appropriate circumstances . section 143(3)i Companies Act , 2013 , responsible expressing opinion company adequate internal financial controls system place operating effectiveness controls Evaluate appropriateness accounting policies reasonableness accounting estimates related disclosures management . Conclude appropriateness management use going concern basis accounting , based audit evidence obtained , material uncertainty exists related events conditions cast significant doubt Company ability continue going concern . conclude material uncertainty exists , required draw attention auditor report related disclosures Standalone Ind financial statements , disclosures inadequate , modify opinion . conclusions based audit evidence obtained date auditor report . , future events conditions cause Company cease continue going concern . Evaluate overall presentation , structure content Standalone Ind financial statements , including disclosures , Standalone Ind financial statements represent underlying transactions events manner achieves fair presentation . communicate charged governance , matters , planned scope timing audit significant audit findings , including significant deficiencies internal control identify audit . provide charged governance statement complied relevant ethical requirements independence , communicate relationships matters reasonably thought bear independence , applicable , related safeguards . matters communicated charged governance , determine matters significance audit Standalone Ind financial statementsfor financial year ended March 31 , 2021 key audit matters . describe matters auditor report law regulation precludes public disclosure matter , extremely rare circumstances , determine matter communicated report adverse consequences reasonably expected outweigh public interest benefits communication . Report legal regulatory requirements required Companies Auditor Report Order , 2016 Order , issued Central Government India terms sub section 11 section 143 Companies Act , 2013 , Annexure , statement matters specified paragraphs 3 4 Order , extent applicable . required Section 143(3 Act , report that sought obtained information explanations best knowledge belief necessary purposes audit b opinion , proper books account required law kept Company far appears examination books c balance sheet , statement profit loss , cash flow statement dealt report agreement books account d opinion , aforesaid Standalone Ind financial statements comply accounting standards specified section 133 Act , read Companies Indian Accounting Standards Rules , 2015 , amended e basis written representations received directors March 31 , 2021 taken record board directors , directors disqualified March 31 , 2021 appointed director terms Section 164 2 Act f respect adequacy internal financial controls financial reporting Company 32 operating effectiveness controls , refer separate report Annexure B . report expresses annmodified opinion adequacy operating effectiveness Company internal financial controls financial reporting g respect matters included Auditor Report accordance Rule 11 Companies Audit Auditors Rules , 2014 , opinion best information according explanations given a. Company determined disclosed impact pending litigations financial position Standalone Ind financial statements Refer Para 7(b Annexure b. Company long term contracts including derivative contracts material foreseeable losses c. Company need required transfer Investor Education Protection Fund . SHANKAR GOSWAMI ASSOCIATES Chartered Accountants Dated Howrah 30thJune , 2021 C.A. Shankar Goswami Firm Registration 328460E M.No . 306108 UDIN 21306108AAAANO1976 ANNEXURE INDEPENDENT AUDITOR REPORT Referred paragraph 2 Report Legal Regulatory Requirements section report Members ANTARTICA Limited date i. respect Company fixed assets Company maintained proper records showing particulars , including quantitative details situation fixed assets . b Company program verification cover items fixed assets phased manner period three years , , opinion , reasonable having regard size Company nature assets . , physical verification carried management year . Accordingly , unable comment material discrepancies noticed verification properly dealt Standalone Ind financial statements . c information explanations given , records examined based examination conveyance deeds provided , report , title deeds , comprising immovable properties land buildings freehold , held Company balance sheet date . respect immovable properties land building taken lease disclosed fixed assets Standalone Ind financial statements , lease agreements Company . ii . inventory physically verified management year . opinion , frequency verification reasonable . According information explanations given examined , material discrepancies noticed verification . advisable maintained records manner required standard accounting practices . iii . According information explanation given , company granted loans , secured unsecured companies , firms parties covered register maintained section 189 Companies Act . Consequently , requirement clauses iii , iii b iii c paragraph iii order applicable Company . iv . opinion according information explanation given , company granted loans provided guarantees given security investments provision section 185 186 Companies Act , 2013 . Accordingly , paragraph 3 iv order applicable . v. opinion according information explanations given , company accepted deposits accordingly paragraph 3 v order applicable . 33 vi . Central Government India prescribed maintenance cost records sub section 1 section 148 Act activities company accordingly paragraph 3 vi order applicable vii . According information explanations given , respect statutory dues Company irregular depositing undisputed statutory dues , including Provident Fund , Employees State Insurance , Goods Service Tax , Customs Duty , Cess material statutory dues applicable appropriate authorities . According information explanations given undisputed amounts payable respect Provident Fund , Employees State Insurance , Goods Service Tax , Customs Duty , Cess material statutory dues arrears March 31 , 2021for period six months date payable . b Details dues Income Tax , Sales Tax , Service Tax , Excise Duty Value Added Tax deposited March 31 , 2021on account disputes given Sl . . statute Nature dues Rs Period whic h relates Forum dispute pending 1 VAT Act 2003 WB VAT 4,09,765 2011 12 West Bengal Revisional Board Taxation Tribunal 2 VAT Act 2003 WB VAT 13,000 2010 11 3 VAT Act 2003 WB VAT 1,20,000 2008 09 4 INCOME TAX ACT 1961 INCOME TAX 95,000 2008 09 Commissioner Income Tax Appeal 5 INCOME TAX ACT 1961 F.B.T. 1,43,000 2007 08 6 INCOME TAX ACT 1961 F.B.T. 3,85,804 2007 08 7 WEST BENGAL ENTRY GOODS LOCAL AREAS ACT 2012 ENTRY TAX 31,850.32 2012 13 High Court , Calcutta 8 WEST BENGAL ENTRY GOODS LOCAL AREAS ACT 2012 ENTRY TAX 72,248 2015 16 West Bengal Taxation Tribunal 9 WEST BENGAL ENTRY GOODS LOCAL AREAS ACT 2012 ENTRY TAX 54,368 2014 15 West Bengal Taxation Tribunal 10 WEST BENGAL ENTRY GOODS LOCAL AREAS ACT 2012 ENTRY TAX 84,709 2013 14 West Bengal Taxation Tribunal 34 Company produced updation long standing cases pending forums . viii . opinion according information explanations given , company outstanding dues bank Refer Note 3 4 financial statement outstanding dues government debenture holders year . Accordingly , paragraph 3 viii order applicable . ix . Company raised moneys way initial public offer public offer including debt instruments term loans reporting clause 3 ix Order applicable Company . x. best knowledge according information explanations given , fraud Company material fraud Company officers employees noticed reported year . xi . opinion according information explanations given , Company paid provided managerial remuneration accordance requisite approvals mandated provisions section 197 read Schedule V Act . xii . Company Nidhi Company reporting clause 3 xii Order applicable Company . xiii . According information explanations given based examination records company , transactions related parties compliance section 177 188 Act . applicable , details transactions disclosed Standalone Ind financial statements required applicable accounting standards . xiv . According information explanations given based examination records company , company preferential allotment private placement shares fully partly convertible debentures year . Accordingly , paragraph 3(xiv order applicable . xv . Accordingto information explanations given based examination records company , company entered non cash transactions directors persons connected . Accordingly , paragraph 3(xv order applicable . xvi . Accordingto information explanations given based examination records company , company required registered section 45 IA Reserve Bank India Act 1934 . SHANKAR GOSWAMI ASSOCIATES Dated , Howrah Chartered Accountants 30thJune , 2021 C.A. SHANKAR GOSWAMI Appendix Firm Regn . No. 328460E M. No. 306108 UDIN 21306108AAAANO1976 35 Annexure B Independent Auditor Report Referred paragraph 2 f Report legal regulatory requirements section report Members Antarctica Limited date Report internal financial controls financial reporting clause sub section 3 section 143 Companies Act , 2013 Act audited internal financial controls financial reporting Antarctica Limited Company March 31 , 2021 , conjunction audit Standalone Ind financial statements Company year ended date . Management responsibility internal financial controls board directors Company responsible establishing maintaining internal financial controls based internal control financial reporting criteria established Company considering essential components internal control stated Guidance Note Audit Internal Financial Controls Financial Reporting issued Institute Chartered Accountants India . responsibilities include design , implementation maintenance adequate internal financial controls operating effectively ensuring orderly efficient conduct business , safeguarding assets , prevention detection frauds errors , accuracy completeness accounting records , timely preparation reliable financial information , required Companies Act , 2013 . Auditors responsibility responsibility express opinion internal financial controls financial reporting Company based audit . conducted audit accordance Guidance Note Audit Internal Financial Controls Financial Reporting Guidance Note issued Institute Chartered Accountants India standards auditing prescribed Section 143 10 Companies Act , 2013 , extent applicable audit internal financial controls . standards guidance note require comply ethical requirements plan perform audit obtain reasonable assurance adequate internal financial controls financial reporting established maintained controls operated effectively material respects . audit involves performing procedures obtain audit evidence adequacy internal financial controls system financial reporting operating effectiveness . audit internal financial controls financial reporting included obtaining understanding internal financial controls financial reporting , assessing risk material weakness exists , testing evaluating design operating effectiveness internal control based assessed risk . procedures selected depend auditor judgement , including assessment risks material misstatement Standalone Ind financial statements , fraud error . believe audit evidence obtained , sufficient appropriate provide basis audit opinion Company internal financial control system financial reporting . Meaning internal financial controls financial reporting company internal financial control financial reporting process designed provide reasonable assurance reliability financial reporting preparation Standalone Ind financial statements external purposes accordance generally accepted accounting principles . company internal financial control financial reporting includes policies procedures pertain maintenance records , reasonable detail , accurately fairly reflect transactions dispositions assets company ii provide reasonable assurance transactions recorded necessary permit preparation Standalone Ind financial statements accordance generally accepted accounting principles , receipts expenditures company accordance authorisations management directors company iii provide reasonable assurance prevention timely detection unauthorised acquisition , use , disposition company assets material effect Standalone Ind financial statements . Limitations internal financial controls financial reporting inherent limitations internal financial controls financial reporting , including possibility collusion improper management override controls , material misstatements error fraud occur detected . , projections evaluation internal financial controls financial reporting future periods subject risk internal financial control financial reporting inadequate changes conditions , degree compliance policies procedures deteriorate . Opinion opinion according information explanations given , Company , material respects , adequate internal financial control system financial reporting internal financial controls financial reporting operating effectively March 31 , 2021 , based internal control financial reporting criteria established Company considering essential components internal control stated Guidance Note Audit Internal Financial Controls Financial Reporting issued Institute Chartered Accountants India . SHANKAR GOSWAMI ASSOCIATES Chartered Accountants 36 Dated , Howrah 30thJune , 2021 C.A. SHANKAR GOSWAMI Firm Regn . No. 328460E M. No. 306108 UDIN 21306108AAAANO1976 37 ANTARCTICA LIMITED 2020 2021 BALANCE SHEET 31ST MARCH , 2021 INR Note 31 March , 2021 31 March , 2020 ASSETS 1 Non current assets Fixed assets Property , Plant Equipments 1 68,788,753.30 69,923,522.96 ii Capital work progress iii Intangible assets 2 28,263,864.74 28,263,864.74 97,052,618.04 98,187,387.70 b Financial assets non current investments ii Trade receivables iii financial assets 3 8,106,414.76 8,247,928.25 c Non current tax asset d Deferred tax assets 4 33,287.32 42,932.32 8,139,702.08 8,290,860.57 2 Current assets Inventories 5 43,734,829.00 42,676,719.00 b Financial assets Current investments ii Trade receivables 6 49,490,546.86 49,564,724.86 iii Cash bank balances 7 2,163,532.76 2,054,313.97 iv financial assets 8 30,762.00 c Current tax assets 95,388,908.62 94,326,519.83 TOTAL ASSETS 200,581,228.74 200,804,768.10 3 Regulatory deferral debit balances TOTAL ASSETS DEFERRAL ACCOUNT DEBIT BALANCES 200,581,228.74 200,804,768.10 II EQUITY LIABILITIES 1 Equity Equity Share Capital 9 155,009,600.00 155,009,600.00 b equity Equity component financial instruments ii Retained earnings 10 12,063,388.56 11,893,651.16 167,072,988.56 166,903,251.16 2 Share application money pending allotment 3 Non current liabilities Financial liabilities Long term borrowings 11 29,643,462.18 27,879,754.18 iv financial liabilities 12 1,286,400.00 b non financial liabilities 29,643,462.18 29,166,154.18 4 Current liabilities Financial liabilities Trade payables 13 1,051,498.99 1,415,297.49 ii financial liabilities 14 2,813,279.01 3,320,065.27 b Short term provisions c Current tax liabilities 3,864,778.00 4,735,362.76 TOTAL EQUITY LIABILITIES 200,581,228.74 200,804,768.10 5 Regulatory deferral credit balances TOTAL EQUITY , LIABILITIES DEFERRAL ACCOUNT CREDIT BALANCES 200,581,228.74 200,804,768.10 terms report attached . SHANKAR GOSWAMI ASSOCIATES behalf Board Directors Chartered Accountants Rohit Kuthari Renu Kuthari timeDirector Executive Director C.A SHANKAR GOSWAMI DIN 00679976 DIN 00679971 FIRM REGN . NO 328460E M.NO 306108 Ruma Suchanti Sailendra Nath Rakshit Company Secretary CFO Place Howrah Place Kolkata Date 30.06.2021 Date 30.06.2021 38 ANTARCTICA LIMITED 2020 2021 Statement Profit Loss year ended 31st March , 2021 Particulars Note . year ended 31 March , 2021 year ended 31 March , 2020 1 2 3 4 5 6 7 8 9 B CONTINUING OPERATIONS Revenue operations gross Excise duty Revenue operations net income Total revenue 1 2 Expenses Cost materials consumed b Purchases stock trade c Changes inventories finished goods , work progress stock trade d Employee benefits expenses e Finance costs f Depreciation amortisation expense g expenses Total expenses Profit Extraordinory Items Tax 3 4 Extraordinary Items Profit Loss tax 5 6 Tax expense Current tax expense current year b MAT credit applicable c Current tax expense relating prior years d Net current tax expense e Deferred tax Profit Loss continuing operations 7 8) Items reclassified subsequently statement profit loss Net changes fair values investments equity shares carried fair value OCI b Net changes fair values intrinsic value cash flow hedges c Net changes fair values time value cash flow hedges ii Income tax items reclassified subsequently statement profit loss Items reclassified subsequently statement profit loss Remeasurement defined employee benefit plans b Changes fair values investment equities carried fair value OCI ii Income tax items reclassified subseqently statement profit loss TOTAL COMPREHENSIVE INCOME LOSSES TOTAL COMPREHENSIVE INCOME YEAR Earnings share Rs.1_ Basic Continuing operations ii Total operations b Diluted Continuing operations ii Total operations accompanying notes forming financial statements 15 16 17 18 19 20 1 21 22 10,765,901.75 13,179,673.21 10,765,901.75 1,569,767.36 13,179,673.21 24,851.18 12,335,669.11 13,204,524.39 3,586,044.91 574,158.00 1,069,825.00 38,523.00 1,151,386.00 6,884,665.80 4,362,045.22 2,004,610.00 1,705,980.00 55,606.00 1,163,877.63 7,500,131.52 12,156,286.71 12,783,030.37 179,382.40 421,494.02 179,382.40 421,494.02 9,645.00 52,494.00 9,645.00 52,494.00 169,737.40 369,000.02 169,737.40 369,000.02 169,737.40 369,000.02 0.00 0.00 terms report attached . SHANKAR GOSWAMI ASSOCIATES behalf Board Directors Chartered Accountants Rohit Kuthari Renu Kuthari C.A SHANKAR GOSWAMI timeDirector Executive Director FIRM REGN . NO 328460E DIN 00679976 DIN 00679971 M. . 306108 Ruma Suchanti Sailendra Nath Rakshit Company Secretary CFO Place Howrah Place Kolkata Date 30.06.2021 Date 30.06.2021 39 CASH FLOW STATEMENT COMPANIES FINANCE COMPANIES ANTARCTICA LIMITED 2020 2021 Cash Flow Statement year ended 31 March , 2021 Particulars year ended 31 March , 2021 year ended 31 March , 2020 A. Cash flow operating activities Net Profit Loss extraordinary items tax Adjustments Depreciation amortisation Finance costs non cash charges specify Net unrealised exchange gain loss 179,382.40 1,151,386.00 38,523.00 1,286,400.00 421,494.02 1,163,877.63 55,606.00 82,891.40 1,640,977.65 Operating profit loss working capital changes Changes working capital Adjustments increase decrease operating assets Inventories Trade receivables current assets Adjustments increase decrease operating liabilities Trade payables current liabilities 1,058,110.00 74,178.00 30,762.00 363,798.50 506,786.26 2,752,786.00 501,909.00 30,762.00 465,439.60 821,849.00 1,823,754.76 3,568,927.60 Cash flow extraordinary items Cash generated operations Net income tax paid refunds 0.00 0.00 1,740,863.36 1,927,949.95 Net cash flow operating activities 1,740,863.36 1,927,949.95 Particulars year ended 31 March , 2021 year ended 31 March , 2020 B. Cash flow investing activities Capital expenditure fixed assets , including capital advances financial Assets Intangible Assets Net cash flow investing activities B 16,616.34 141,513.49 0.00 124,897.15 44,963.14 227,699.23 33,405.00 306,067.37 124,897.15 306,067.37 Particulars year ended 31 March , 2021 year ended 31 March , 2020 C. Cash flow financing activities Fresh issue Share Repayment long term borrowings 1,763,708.00 2,448,620.00 Finance cost 38,523.00 55,606.00 Net cash flow financing activities C 1,725,185.00 2,393,014.00 Net increase decrease Cash cash equivalents ABC 109,218.79 158,996.68 Cash cash equivalents beginning year 2,054,313.97 1,895,317.29 Effect exchange differences restatement foreign currency Cash Cash cash equivalents end year 2,163,532.76 2,054,313.97 Reconciliation Cash cash equivalents Balance terms report attached . behalf Board Directors Rohit Kuthari Renu Kuthari timeDirector Executive Director DIN 00679976 DIN 00679971 Ruma Suchanti Sailendra Nath Rakshit Company Secretary CFO Place Kolkata Date 30.06.2021 SHANKAR GOSWAMI ASSOCIATES Chartered Accountants C.A SHANKAR GOSWAMI FIRM REGN . NO 328460E M. . 306108 Place Howrah Date 30.06.2021 40 ANTARCTICA LIMITED 2020 2021 NOTE 1 Property , Plant Equipments Descriptions 2020 21 Buildings Plant Equipments Furniture fixtures Vehicles Office Equipments Computer Total Tangible Assets Capital work progress Total tangible assets including capital work progress Cost beginning period 19,339,752.62 259,072,031.99 263,832.11 10,912,401.31 1,401,289.94 3,729,617.00 294,718,924.97 294,718,924.97 Additions relating acquisitions Additions 16,616.34 16,616.34 16,616.34 Disposals Disposal group undertakings Classified held sale Transfers group companies classifications Transfers Revaluation taken Fixed Assets Equity Exchange difference capitalised CWIP Exchange differences consolidation Cost end period 19,339,752.62 259,088,648.33 263,832.11 10,912,401.31 1,401,289.94 3,729,617.00 294,735,541.31 294,735,541.31 Impairment beginning period Additions relating acquisitions Charge period Reversals period Disposals Disposal group undertakings Classified held sale Transfers group companies classifications Transfers Exchange differences consolidation Impairment end period Depreciation beginning period 17,900,029.71 191,714,997.42 250,185.69 10,129,060.93 1,180,632.81 3,620,495.45 224,795,402.01 224,795,402.01 Additions relating acquisitions Charge period 321,270.00 626,756.00 1,676.00 188,884.00 12,800.00 1,151,386.00 1,151,386.00 Disposals Disposal group undertakings Classified held sale Transfers group companies classifications Transfers Exchange differences consolidation Depreciation end period 18,221,299.71 192,341,753.42 251,861.69 10,317,944.93 1,193,432.81 3,620,495.45 225,946,788.01 225,946,788.01 Net book value beginning period 1,439,722.91 67,357,034.57 13,646.42 783,340.38 220,657.13 109,121.55 69,923,522.96 69,923,522.96 41 Net book value end period 1,118,452.91 66,746,894.91 11,970.42 594,456.38 207,857.13 109,121.55 68,788,753.30 68,788,753.30 Note company maintained proper assets register required Companies Act 2013 42 ANTARCTICA LIMITED 2020 2021 NOTE 2 Intangible Assets Descriptions 2019 20 Deffered Revenue Expenditures Cost beginning period 28,263,864.74 Additions relating acquisitions Additions Disposals Disposal group undertakings Classified held sale Transfers group companies classifications Transfers Revaluation taken Fixed Assets Equity Exchange difference capitalised CWIP Exchange differences consolidation Cost end period 28,263,864.74 Impairment beginning period Additions relating acquisitions Charge period Reversals period Disposals Disposal group undertakings Classified held sale Transfers group companies classifications Transfers Exchange differences consolidation Impairment end period Depreciation beginning period Additions relating acquisitions Charge period Disposals Disposal group undertakings Classified held sale Transfers group companies classifications Transfers Exchange differences consolidation Depreciation end period Net book value beginning period 28,263,864.74 Net book value end period 28,263,864.74 Note company carried value Intangible Assets year year , details readily available company 43 ANTARCTICA LIMITED 2020 2021 Notes forming financial statements Note 3 Financial Assets Non Current Financial Assets Particulars 31 March , 2021 31 March , 2020 Security deposits Secured , considered good 2,193,972.72 2,193,972.72 Unsecured , considered good Doubtful Provision doubtful deposits 2,193,972.72 2,193,972.72 b Loans advances employees Secured , considered good Unsecured , considered good Doubtful Provision doubtful loans advances B c Prepaid expenses Unsecured , considered good 2,656.50 2,656.50 Insurance premium d Unsecured , considered good CENVAT credit receivable 1,404,252.00 1,404,252.00 ii CST receivable 75,057.00 75,057.00 iii TDS receivable 304,932.71 304,932.71 iv GST Input receivable 62,712.25 62,712.25 v Receivable SEZ 1,303,629.00 1,303,629.00 C 3,153,239.46 3,153,239.46 e loans advances specify nature Secured , considered good Unsecured , considered good 2,759,202.58 2,900,716.07 Doubtful 2,759,202.58 2,900,716.07 Provision doubtful loans advances D 2,759,202.58 2,900,716.07 8,106,414.76 8,247,928.25 Note records available verification relate opening balances . Note 4 Deffered Tax Assets Liabilties Particulars 31 March , 2021 31 March , 2020 Deferred tax asset Tax effect items constituting deferred tax assets difference book balance tax balance fixed assets Total 33,287.32 42,932.32 33,287.32 42,932.32 44 ANTARCTICA LIMITED 2020 2021 Notes forming financial statements Note 5 Inventories lower cost net realisable value Particulars 31 March , 2021 31 March , 2020 Raw materials 37,850,247.00 37,366,295.00 b Work progress 3,184,979.00 2,850,774.00 c Finished goods 2,699,603.00 2,459,650.00 Total 43,734,829.00 42,676,719.00 Company maintained proper stock register required standard accounting practices . Note 6 Trade Receivables Particulars 31 March , 2021 31 March , 2020 Trade receivables outstanding period exceeding six months date payment Secured , considered good Unsecured , considered good 49,490,546.86 49,564,724.86 Doubtful 49,490,546.86 49,564,724.86 Provision doubtful trade receivables 49,490,546.86 49,564,724.86 Trade receivables Secured , considered good Unsecured , considered good Doubtful Provision doubtful trade receivables Total 49,490,546.86 49,564,724.86 Trade receivables dues respect goods sold services rendered normal course business . company system external confirmation dues constituents . Note 7 Cash cash equivalents Particulars 31 March , 2021 31 March , 2020 Cash hand b Balances banks current accounts iii deposit accounts c Refund c Total 361,603.14 210,967.08 140,751.50 182,168.77 590,163.12 590,163.12 1,071,015.00 1,071,015.00 2,163,532.76 2,054,313.97 Note records available verification relation account head Refund c Deposit Accounts Note 8 Financial Assets Current Financial Assets Particulars 31 March , 2021 31 March , 2020 e loans advances specify nature Advance Salary Employees Secured , considered good Unsecured , considered good 30,762.00 Doubtful 30,762.00 Provision doubtful loans advances D 30,762.00 30,762.00 45 ANTARCTICA LIMITED 2020 2021 Notes forming financial statements Note . 9 Equity Share capital Particulars 31 March , 2021 31 March , 2020 Number shares Rs . Number shares Rs . Authorised 22,00,00,000 Equity shares Rs . 1/ voting rights 220,000,000 220,000,000.00 220,000,000 220,000,000.00 b Issued 15,50,09,600 Equity shares Rs . 1/ voting rights 155,009,600 155,009,600.00 155,009,600 155,009,600.00 c Subscribed fully paid 15,50,09,600 Equity shares Rs . 1/ voting rights 155,009,600 155,009,600.00 155,009,600 155,009,600.00 Total 155,009,600 155,009,600.00 155,009,600 155,009,600.00 Note 9 . Equity capital contd . Particulars Notes Reconciliation number shares outstanding beginning end reporting period Details given class shares separately Issued , Subscribed fully paid Subscribed fully paid , applicable . Particulars Opening Balance Fresh issue Bonus ESOP Conversion Buy changes details Closing Balance Equity shares voting rights Year ended 31 March , 2021 Number shares Rs . Year ended 31 March , 2020 Number shares Rs . 155009600 155009600.00 155009600 155009600.00 155009600 155009600.00 155009600 155,009,600.00 Note 9 . Equity Share capital contd . Particulars Notes iv Details shares held shareholder holding 5 shares Class shares shareholder 31 March , 2021 31 March , 2020 Number shares held holding class shares Number shares held holding class shares Equity shares voting rights RANJAN KUTHARI 34993901 22.58 34993901 22.58 46 vi Aggregate number class shares allotted fully paid pursuant contracts payment received cash , bonus shares shares bought period 5 years immediately preceding Balance Sheet date 47 ANTARCTICA LIMITED 2020 2021 Notes forming financial statements Note 10 Equity Retain earnings Particulars 31 March , 2021 31 March , 2020 b Revaluation reserve Opening balance 39,700,000.00 39,700,000.00 Add Addition revaluations year Utilised set depreciation Written utilisations year details Closing balance 39,700,000.00 39,700,000.00 d Surplus Deficit Statement Profit Loss Opening balance 27,806,348.84 28,175,348.86 Add Profit Loss year 169,737.40 369,000.02 Closing balance 27,636,611.44 27,806,348.84 Total 12,063,388.56 11,893,651.16 Note 11 Long term borrowings Particulars 31 March , 2021 31 March , 2020 Term loans banks Secured Unsecured b loans advances specify nature Secured Car Loan mortgage Car 361,155.00 516,279.00 Personal Guarantee Director Unsecured 29,282,307.18 27,363,475.18 Total 29,643,462.18 27,879,754.18 Note 12 Financial Liabilities Non Current Liabilities Particulars 31 March , 2021 31 March , 2020 Rent Total 1,286,400.00 1,286,400.00 Note Unclaimed outstanding Rent written Statement profit Loss Note 13 Trade Payables Particulars 31 March , 2021 31 March , 2020 Trade Payables Acceptance ii Acceptances Total 1,051,498.99 1,415,297.49 1,051,498.99 1,415,297.49 Trade Payables dues respect goods purchased services received including employees , professional contract normal course business . Note 14 Financial Liabilities Current Liabilities Particulars 31 March , 2021 31 March , 2020 j payables Statutory remittances Contributions PF ESIC , TDS , etc . viii specify nature A.K.S Associates Electric Charges MD Allowance Shankar Goswami Associates Expenses Total 2,218,139.60 2,145,074.60 240,878.00 262,478.00 119,761.00 93,783.00 339,012.22 175,650.00 162,650.00 58,850.41 317,067.45 2,813,279.01 3,320,065.27 48 liability classified current Balance Sheet date Company unconditional right defer settlement 12 months reporting date . 49 ANTARCTICA LIMITED 2020 2021 Notes forming financial statements Note 15 Revenue operations Note Particulars year ended 31 March , 2021 year ended 31 March , 2020 Sale products comprises Manufactured goods Paper , Paper Board Publication Materials Total Sale manufactured goods 10,765,901.75 13,179,673.21 10,765,901.75 13,179,673.21 Note 16 income Particulars year ended 31 March , 2021 year ended 31 March , 2020 Interest receive margin money bank Guarantee Adjustment Creditors excess Expenses Discount Received 24,851.18 b 1,428,642.72 c 141,124.64 Total 1,569,767.36 24,851.18 Particulars year ended 31 March , 2021 year ended 31 March , 2020 Sale products Excise duty Total 10,765,901.75 13,179,673.21 d 10,765,901.75 13,179,673.21 50 ANTARCTICA LIMITED 2020 2021 Notes forming financial statements Note 17 Cost materials consumed Note 18 Changes inventories finished goods , work progress stock trade Particulars year ended 31 March , 2021 year ended 31 March , 2020 Inventories end year Finished goods 2,699,603.00 2,459,650.00 Work progress 3,184,979.00 2,850,774.00 5,884,582.00 5,310,424.00 Inventories beginning year Finished goods 2,459,650.00 2,103,749.00 Work progress 2,850,774.00 1,202,065.00 5,310,424.00 3,305,814.00 Net increase decrease 574,158.00 2,004,610.00 Particulars year ended 31 March , 2021 year ended 31 March , 2020 Opening stock 37,366,295.00 36,618,119.00 Add Purchases 4,069,996.91 5,110,221.22 41,436,291.91 41,728,340.22 Closing stock 37,850,247.00 37,366,295.00 Cost material consumed 3,586,044.91 4,362,045.22 Material consumed comprises Paper 2,807,747.86 3,419,341.00 Chemical 120,578.00 147,191.90 Film 116,271.25 142,697.58 Ink 231,466.00 280,899.69 Plate 119,501.05 140,450.65 Consumables 190,480.75 231,464.40 Total 3,586,044.91 4,362,045.22 51 ANTARCTICA LIMITED 2020 2021 Notes forming financial statements Note 19 Employee benefits expense Consist following Particulars year ended 31 March , 2021 year ended 31 March , 2020 Salaries wages 1,032,773.00 1,423,716.00 Contributions provident funds 31,522.00 272,298.00 Staff welfare expenses 5,530.00 9,966.00 Total 1,069,825.00 1,705,980.00 Salaries wages include Salaries , wages , bonus , compensated absences amounts payable employees respect services rendered employment terms contract service employment . Contribution provident fund funds includes contributions funds like gratuity fund , Contributions ESIC superannuation fund , etc . pertaining employees . Staff welfare expenses include general expenses partaining misce.benefit employees . Note 20 Finance costs Particulars year ended 31 March , 2021 year ended 31 March , 2020 Interest expense Car Loan Total 38,523.00 55,606.00 38,523.00 55,606.00 52 ANTARCTICA LIMITED 2020 2021 Notes forming financial statements Note 21 expenses Note 21 expenses contd . Particulars year ended 31 March , 2021 year ended 31 March , 2020 Payments auditors comprises net service tax input credit , applicable auditors statutory audit 45,000.00 45,000.00 taxation matters 25,000.00 25,000.00 company law matters services Total 70,000.00 70,000.00 Payments taxation matters include tax audit fees , certifications Income Tax Act , tax advisory services , etc . company law matters include certifications company law advisory services , etc . Particulars year ended 31 March , 2021 year ended 31 March , 2020 Consumption packing materials 55,659.00 79,684.00 Subcontract Jobs 304,185.00 395,720.90 Power fuel 1,343,126.00 1,430,607.00 Rent including lease rentals 69,800.00 159,332.00 Repairs maintenance Buildings 4,080.00 8,485.00 Repairs maintenance Plant Machinery 125,020.70 268,521.30 Repairs maintenance 635,183.77 900,971.88 Insurance 85,886.78 81,950.43 Rates taxes 89,496.00 15,587.00 Communication 30,416.00 32,249.00 Travelling conveyance 209,973.90 267,036.74 Printing stationery 11,951.00 11,092.00 Freight forwarding 219,107.50 312,472.97 Business promotion 14,908.00 25,502.00 Donations Subscriptions 1,760.00 5,534.00 Legal professional fees 373,310.00 510,579.00 Payments auditors 70,000.00 70,000.00 Miscellaneous expenses 3,240,802.15 2,924,806.30 Total 6,884,665.80 7,500,131.52 53 ANTARCTICA LIMITED 2020 2021 Note 22 Additional information financial statements Note Particulars 31 March , 2021 31 March , 2020 Contingent liabilities commitments extent provided Contingent liabilities Claims Company acknowledged debt details b Bank Guarantees 100 guarantee 441,741.00 441,741.00 c money Company contingently liable details ii Value imports calculated CIF basis Raw materials Components Spare parts Total Components spare parts Capital goods iii Expenditure foreign currency year ended 31 year ended 31 March , 2021 March , 2020 Royalty Know Professional consultation fees Interest matters iv Details consumption imported indigenous items year ended 31 March , 2021 Imported Raw materials Consumable Spare parts Total Note 22 Additional information financial statements contd . Note Particulars Indigenous year ended 31 March , 2021 Raw materials Consumable Spare parts Total year ended 31 year ended 31 March , 2021 March , 2020 v Earnings foreign exchange Export goods calculated FOB basis USD Royalty , know , professional consultation fees Interest dividend income , indicating nature thereof . 54 ANTARCTICA LIMITED 2020 2021 Notes forming Financial Statements 1 Significant accounting policies Statement compliance financial statements prepared accordance Indian Accounting Standards referred Ind prescribed Section 133 Companies Act , 2013 read Companies Indian Accounting Standards Rules amended time time . b Basis preparation financial statements prepared historical cost basis , certain financial instruments measured fair value end reporting period . Historical cost generally based fair value consideration given exchange goods services . c Use estimates judgements preparation financial statements conformity recognition measurement principles Ind requires management Company estimates judgements affect reported balances assets liabilities , disclosures relating contingent liabilities date financial statements reported amounts income expense periods presented . Estimates underlying assumptions reviewed ongoing basis . Revisions accounting estimates recognised period estimates revised future periods affected . Impairment Investment Company reviews carrying value Investments carried amortised cost annually , frequently indication impairment . recoverable carrying , impairment loss accounted . Useful lives property , plant equipment Company reviews useful life property , plant equipment end reporting period . reassessment result change depreciation expense future periods . Provisions contingent liabilities provision recognised Company present obligation result past event probable outflow resources required settle obligation , respect reliable estimate . reviewed balance sheet date adjusted reflect current best estimates . Contingent liabilities recognised financial statements . Contingent assets recognised disclosed financial statements . d Revenue recognition Sale Goods Sales recognised , net returns trade discounts , transfer significant risks rewards ownership buyer , generally coincides delivery goods customers . Income Interest income accounted accrual basis . e Leases Lease arrangement risks rewards incidental ownership asset substantially vest lessor , recognised operating lease . Operating Lease payments recognised straight line basis lease term statement profit Loss , lease agreement explicitly states increase account inflation . 55 f Costs Recognition Costs expenses recognised incurred classified according nature . g Foreign currency functional currency Company Indian rupee s . Income expenses foreign currencies recorded exchange rates prevailing date transaction . Foreign currency denominated monetary assets liabilities translated exchange rate prevailing balance sheet date exchange gains losses arising settlement restatement recognised statement profit loss . h Income taxes Deferred income taxes Deferred income tax recognised balance sheet approach . Deferred income tax assets liabilities recognised deductible taxable temporary differences arising tax base assets liabilities carrying , deferred income tax arises initial recognition asset liability transaction business combination affects accounting taxable profit loss time transaction . Deferred income tax assets recognised extent probable taxable profit available deductible temporary differences carry forward unused tax credits unused tax losses utilised . Financial instruments Cash cash equivalents Company considers highly liquid financial instruments , readily convertible known amounts cash subject insignificant risk change value having original maturities three months date purchase , cash equivalents . Cash cash equivalents consist balances banks unrestricted withdrawal usage . j Property , plant equipment Property , plant equipment stated cost , accumulated depreciation freehold land impairment loss , . Depreciation provided property , plant equipment expense cost residual value estimated useful lives based technical evaluation . estimated useful lives residual value reviewed end reporting period , effect change estimate accounted prospective basis . Depreciation recorded capital work progress construction installation complete asset ready intended use . k Intangible assets Intangible assets purchased measured cost date acquisition , applicable , accumulated amortisation accumulated impairment , . l Impairment Financial assets fair value Company assesses date balance sheet financial asset group financial assets impaired . Ind 109 requires expected credit losses measured loss allowance . determining allowances doubtful trade receivables , Company practical expedient computing expected credit loss allowance trade receivables 56 based provision matrix . provision matrix takes account historical credit loss experience adjusted forward looking information . expected credit loss allowance based ageing receivables rates provision matrix . financial assets , expected credit losses measured equal 12 months expected credit losses equal life time expected credit losses credit risk financial asset increased significantly initial recognition . ii Non financial assets Tangible intangible assets Property , plant equipment intangible assets finite life evaluated recoverability indication carrying amounts recoverable . indication exists , recoverable determined individual asset basis asset generate cash flows largely independent assets . cases , recoverable determined cash generating unit CGU asset belongs . recoverable asset CGU estimated carrying , carrying asset CGU reduced recoverable . impairment loss recognised statement profit loss . m Employee benefits Salaries , wages , bonus , compensated absences payable employees respect services rendered employment terms contract service employment . Staff Welfare expenses include general expenses pertaining misc . benefit employees . Employee benefits include provident fund , E.S.I. compensated absences irregular payment . n Cash Flow Statement Cash Flows reported indirect method , profitloss extraoridinary items tax adjusted effects transaction non cash nature deferrals accruals past future cash receipts payments . Cash flows operating , investing financing activites company segregated based available information . o Earnings Share Basic earnings share computed dividing profitloss tax including post tax effect extraordinary items , weighted average number equity shares outstanding year . Diluted earnings share computed dividing profit loss tax including post tax effect extraordinary items , adjusted dividend , interest charges expense income relating dilutive potential equity shares , weighted average number equity shares . p Estimation Uncertainties relating global health pandemic COVID-19 COVID-19 Company considered possible effect result pandemic relating COVID-19 preparation financial statement including recoverablility carrying financial non financial assets . impact COVID-19 Company financial statements differ estimated date approval financial statements . q Previous Years Figures Previous year figures regrouped reclassified necessary correspond current year classification disclosure . 57 ROUTE MAP AGM VENUE | Symbol: ANTGRAPHIC
Company Name: Antarctica Ltd.
EQUITIES AND LIABILITIES: nan
SHAREHOLDER'S FUNDS: nan
Equity Share Capital: 15.5
Total Share Capital: 15.5
Reserves and Surplus: -2.76
Total Reserves and Surplus: 1.21
Total Shareholders Funds: 16.71
NON-CURRENT LIABILITIES: nan
Long Term Borrowings: 2.96
Deferred Tax Liabilities [Net]: 0
Other Long Term Liabilities: 0
Long Term Provisions: 0
Total Non-Current Liabilities: 2.96
CURRENT LIABILITIES: nan
Short Term Borrowings: 0
Trade Payables: 0.11
Other Current Liabilities: 0.28
Short Term Provisions: 0
Total Current Liabilities: 0.39
Total Capital And Liabilities: 20.06
ASSETS: nan
NON-CURRENT ASSETS: nan
Tangible Assets: 6.88
Intangible Assets: 2.83
Capital Work-In-Progress: 0
Other Assets: 0
Fixed Assets: 9.71
Non-Current Investments: 0
Deferred Tax Assets [Net]: 0
Long Term Loans And Advances: 0
Other Non-Current Assets: 0.81
Total Non-Current Assets: 10.52
CURRENT ASSETS: nan
Current Investments: 0
Inventories: 4.37
Trade Receivables: 4.95
Cash And Cash Equivalents: 0.22
Short Term Loans And Advances: 0
OtherCurrentAssets: 0
Total Current Assets: 9.54
Total Assets: 20.06
OTHER ADDITIONAL INFORMATION: nan
CONTINGENT LIABILITIES, COMMITMENTS: nan
Contingent Liabilities: 0.04
CIF VALUE OF IMPORTS: nan
Raw Materials: 0
Stores, Spares And Loose Tools: 0
Trade/Other Goods: 0
Capital Goods: 0
EXPENDITURE IN FOREIGN EXCHANGE: nan
Expenditure In Foreign Currency: 0
REMITTANCES IN FOREIGN CURRENCIES FOR DIVIDENDS: nan
Dividend Remittance In Foreign Currency: --
EARNINGS IN FOREIGN EXCHANGE: nan
FOB Value Of Goods: --
Other Earnings: --
BONUS DETAILS: nan
Bonus Equity Share Capital: 0.73
NON-CURRENT INVESTMENTS: nan
Non-Current Investments Quoted Market Value: --
Non-Current Investments Unquoted Book Value: --
CURRENT INVESTMENTS: nan
Current Investments Quoted Market Value: --
Current Investments Unquoted Book Value: --
Company Name_balance_sheet: Antarctica Ltd.
Net Profit/Loss Before Extraordinary Items And Tax: 0.02
Net CashFlow From Operating Activities: -0.17
Net Cash Used In Investing Activities: 0.01
Net Cash Used From Financing Activities: 0.17
Foreign Exchange Gains / Losses: 0
Adjustments On Amalgamation Merger Demerger Others: 0
Net Inc/Dec In Cash And Cash Equivalents: 0.01
Cash And Cash Equivalents Begin of Year: 0.21
Cash And Cash Equivalents End Of Year: 0.22
Company Name: Antarctica Ltd.
INCOME: nan
Revenue From Operations [Gross]: 1.08
Less: Excise/Sevice Tax/Other Levies: 0
Revenue From Operations [Net]: 1.08
Total Operating Revenues: 1.08
Other Income: 0.16
Total Revenue: 1.23
EXPENSES: nan
Cost Of Materials Consumed: 0.36
Purchase Of Stock-In Trade: 0
Operating And Direct Expenses: 0
Changes In Inventories Of FG,WIP And Stock-In Trade: -0.06
Employee Benefit Expenses: 0.11
Finance Costs: 0
Depreciation And Amortisation Expenses: 0.12
Other Expenses: 0.69
Total Expenses: 1.22
Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax: 0.02
Exceptional Items: 0
Profit/Loss Before Tax: 0.02
Tax Expenses-Continued Operations: nan
Current Tax: 0
Less: MAT Credit Entitlement: 0
Deferred Tax: 0
Tax For Earlier Years: 0
Total Tax Expenses: 0
Profit/Loss After Tax And Before ExtraOrdinary Items: 0.02
Profit/Loss From Continuing Operations: 0.02
Profit/Loss For The Period: 0.02
OTHER ADDITIONAL INFORMATION_cash_flow: nan
EARNINGS PER SHARE: nan
Basic EPS (Rs.): 0
Diluted EPS (Rs.): 0
VALUE OF IMPORTED AND INDIGENIOUS RAW MATERIALS STORES, SPARES AND LOOSE TOOLS: nan
Imported Raw Materials: 0
Indigenous Raw Materials: 0
STORES, SPARES AND LOOSE TOOLS: nan
Imported Stores And Spares: 0.0
Indigenous Stores And Spares: 0.0
DIVIDEND AND DIVIDEND PERCENTAGE: nan
Equity Share Dividend: 0
Tax On Dividend: 0.0
Equity Dividend Rate (%): 0
Company Name_ratio_sheet: Antarctica Ltd.
Per Share Ratios: nan
Basic EPS (Rs.)_ratio_sheet: 0
Diluted EPS (Rs.)_ratio_sheet: 0
Cash EPS (Rs.): 0.01
Book Value [ExclRevalReserve]/Share (Rs.): 0.82
Book Value [InclRevalReserve]/Share (Rs.): 1.08
Dividend / Share(Rs.): 0.0
Revenue from Operations/Share (Rs.): 0.07
PBDIT/Share (Rs.): 0.01
PBIT/Share (Rs.): 0
PBT/Share (Rs.): 0
Net Profit/Share (Rs.): 0
Profitability Ratios: nan
PBDIT Margin (%): 12.71
PBIT Margin (%): 2.02
PBT Margin (%): 1.66
Net Profit Margin (%): 1.57
Return on Networth / Equity (%): 0.13
Return on Capital Employed (%): 0.11
Return on Assets (%): 0.08
Total Debt/Equity (X): 0.23
Asset Turnover Ratio (%): 5.36
Liquidity Ratios: nan
Current Ratio (X): 24.68
Quick Ratio (X): 13.37
Inventory Turnover Ratio (X): 0.25
Dividend Payout Ratio (NP) (%): 0
Dividend Payout Ratio (CP) (%): 0.0
Earnings Retention Ratio (%): 0
Cash Earnings Retention Ratio (%): 0.0
Valuation Ratios: nan
Enterprise Value (Cr.): 38.56
EV/Net Operating Revenue (X): 35.81
EV/EBITDA (X): 281.57
MarketCap/Net Operating Revenue (X): 33.26
Retention Ratios (%): 0
Price/BV (X): 2.81
Price/Net Operating Revenue: 33.29
Earnings Yield: 0.0
| 3 |
ANUP | 2021 | "23rd July 2021 , Department Corporate Services BSE Limited , P.J. Towers , Dalal Street , Mumbai 4(...TRUNCATED) | "Symbol: ANUP\nCompany Name: The Anup Engineering Ltd.\nEQUITIES AND LIABILITIES: nan\nSHAREHOLDER'S(...TRUNCATED) | 4 |
APEX | 2021 | " 3 160 , Panasapadu , Kakinada 533 005 _ Andhra Pradesh . India +91 884 2383902 4 3 lines fax(...TRUNCATED) | "Symbol: APEX\nCompany Name: Apex Frozen Foods Ltd.\nEQUITIES AND LIABILITIES: nan\nSHAREHOLDER'S FU(...TRUNCATED) | 5 |
ARCHIDPLY | 2021 | " 2020 21 ANNUAL REPORT R C H D P LY N D U S T R E S LT D . N D U S T R E S L M T E D 1 ANNUAL REPO(...TRUNCATED) | "Symbol: ARCHIDPLY\nCompany Name: Archidply Industries Ltd.\nEQUITIES AND LIABILITIES: nan\nSHAREHOL(...TRUNCATED) | 9 |
ARIHANTSUP | 2021 | " CONTINUING STABILITY Corporate Relations Department BSE Limited Phiroze Jeejeebhoy Towers , Dalal (...TRUNCATED) | "Symbol: ARIHANTSUP\nCompany Name: Arihant Superstructures Ltd.\nEQUITIES AND LIABILITIES: nan\nSHAR(...TRUNCATED) | 16 |
ASIANHOTNR | 2021 | "REGISTERED OFFICE BHIKAIJ CAMA PLACE , M.G. MARG , NEW DELHI 110066 TELEPHONE 26791234 FAX 267(...TRUNCATED) | "Symbol: ASIANHOTNR\nCompany Name: Asian Hotels (North) Ltd.\nEQUITIES AND LIABILITIES: nan\nSHAREHO(...TRUNCATED) | 24 |
ATUL | 2021 | "Atul Ltd Atul 396 020 , Gujarat , India lalit_patniatul.co.in www.atul.co.in +91 2632 230000 Mana(...TRUNCATED) | "Symbol: ATUL\nCompany Name: Atul Ltd.\nEQUITIES AND LIABILITIES: nan\nSHAREHOLDER'S FUNDS: nan\nEqu(...TRUNCATED) | 34 |
BBTC | 2020 | " POST BOX . 10077 TEL . NOS . +91 22 22197101 FAX 0091 22- 2207 1612 6772 Email writetousbbtcl(...TRUNCATED) | "Symbol: BBTC\nCompany Name: Bombay Burmah Trading Corporation Ltd.\nEQUITIES AND LIABILITIES: nan\n(...TRUNCATED) | 50 |
BGRENERGY | 2020 | "BGR ENERGY SYSTEMS LIMITED 443 ANNA SALAI , TEYNAMPET , CHENNAI 600018 INDIA TEL 91 44 24301000 FA(...TRUNCATED) | "Symbol: BGRENERGY\nCompany Name: BGR Energy Systems Ltd.\nEQUITIES AND LIABILITIES: nan\nSHAREHOLDE(...TRUNCATED) | 55 |
BHARTIARTL | 2020 | "July 27 , 2020 National Stock Exchange India Limited Exchange Plaza , C-1 Block G Bandra Kurla Comp(...TRUNCATED) | "Symbol: BHARTIARTL\nCompany Name: Bharti Airtel Ltd.\nEQUITIES AND LIABILITIES: nan\nSHAREHOLDER'S (...TRUNCATED) | 62 |
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Financial Parameter Database Overview
Overview
The Financial Parameter Database includes financial statements and parameters from 992 companies over the past five years (2019-2023), totaling 4,960 datasets. The training set contains 3,968 datasets, while the test set comprises 992 datasets. This database is specifically crafted to aid in training text-to-text generation NLP models that focus on analyzing financial reports.
Information on the 992 companies featured in this database can be found in the Companies_List.
Data Description
Each dataset encompasses a company's annual report. The labels for each dataset consist of specific financial parameters derived from these documents. These financial parameters include, but are not limited to, Equity and Liabilities, Assets, Income, Expenses, and various financial ratios such as Earnings Per Share (EPS), Price-to-Earnings (P/E) ratio, and liquidity ratios.
Each dataset comprises three attributes: CompanyName_Year, text, and label:
CompanyName_Year: This attribute represents the company's symbol followed by the fiscal year, appearing in formats such as3MINDIA_2021. Here,CompanyName_Yearcombines the company's symbol and the corresponding year of the report.text: This attribute contains the text of the company's annual report.label: This attribute holds the financial parameters extracted from the annual report.
Data Source
The annual reports, originates from NSE (National Stock Exchange of India), where it is downloaded.Report have undergone pre-processing to eliminate stop words and special symbols, enhancing both clarity and efficiency in model training. The labels for the data, which consist of detailed financial data, are derived from Moneycontrol.
Tokenization
Initial tests indicate that approximately 524288 tokens (16384*32) are necessary to tokenize a complete annual report, rendering this database both extensive and comprehensive for deep learning applications in financial text analysis.
Purpose
This database forms a part of the ongoing project hosted on GitHub - charon107/FYP, which aims to develop robust models capable of understanding and generating insights from detailed financial reports.
Utilization
Researchers and developers can utilize this dataset to train models for automated text generation, financial analysis, and decision-making tasks, significantly enhancing the automation of financial report assessments with AI.
Financial Parameters Overview
Equities and Liabilities
Shareholder's Funds:
- Equity Share Capital
- Total Share Capital
- Reserves and Surplus
- Total Reserves and Surplus
- Total Shareholders Funds
Non-Current Liabilities:
- Long Term Borrowings
- Deferred Tax Liabilities [Net]
- Other Long Term Liabilities
- Long Term Provisions
- Total Non-Current Liabilities
Current Liabilities:
- Short Term Borrowings
- Trade Payables
- Other Current Liabilities
- Short Term Provisions
- Total Current Liabilities
- Total Capital And Liabilities
Assets
Non-Current Assets:
- Tangible Assets
- Intangible Assets
- Capital Work-In-Progress
- Other Assets
- Fixed Assets
- Non-Current Investments
- Deferred Tax Assets [Net]
- Long Term Loans And Advances
- Other Non-Current Assets
- Total Non-Current Assets
Current Assets:
- Current Investments
- Inventories
- Trade Receivables
- Cash And Cash Equivalents
- Short Term Loans And Advances
- Other Current Assets
- Total Current Assets
- Total Assets
Additional Financial Information
Contingent Liabilities, Commitments:
- Contingent Liabilities
- CIF Value of Imports
- Expenditure in Foreign Exchange
- Remittances in Foreign Currencies for Dividends
- Earnings in Foreign Exchange
- Bonus Details
- Non-Current Investments (Quoted and Unquoted)
Income and Expenses
- Revenue from Operations [Gross and Net]
- Total Operating Revenues
- Other Income
- Total Revenue
- Expenses Breakdown (Material, Stock, Employee Benefits, Depreciation, etc.)
- Profit/Loss Before and After Tax
Ratios and Other Metrics
Per Share Data:
- Basic and Diluted EPS
- Cash EPS
- Dividend per Share
- Revenue from Operations per Share
Profitability Ratios:
- PBDIT, PBIT, PBT, and Net Profit Margins
Liquidity and Solvency Ratios:
- Current Ratio
- Quick Ratio
- Inventory Turnover Ratio
- Debt to Equity Ratio
Valuation Ratios:
- Enterprise Value (EV)
- Market Cap to Revenue
- Price to Book Value
- Earnings Yield
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