Heritage Foods Limited | 30th Annual Report 2021-22

30 th Annual Report 2021-22 Heritage Foods Limited 236 Form AOC-1 (persuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts) Rules 2014) statement containing salient feature of the financial statements of subsidiaries/associate companies/joint ventures Part “A” Subsidiaries S. No Name of the Subsidiary The Date since when subsidiary was acuired Reporting period for the subsidiary cocerned if different from the holding company’s reporting period As at For the Year ended Share Capital Reserves & Sur- plues Total Assets Total Lia- bilities Invest- ments Turnover Profit/ (Loss) before taxation Provision for taxation (incl. De- ferred Tax) Profit / (Loss) after Taxation Proposed Dividend Exten of Share Holding 1 Heritage Nutrivet Limited -Subsidiary 01.12.2008 As at/ Year Ended: 31.03.2022 Reporting period same 37.10 358.57 557.83 162.16 - 946.12 15.65 5.06 10.59 - 100 31.03.2021 Reporting period same 37.10 347.31 577.45 193.04 - 1,215.26 97.58 25.46 72.12 - 100 Heritage Foods Limited has given corporate guarantee of ` 207.50 Million till 31st March’2022 for the credit facilities availed by its wholly owned subsidiary Company namely M/s. Heritage Nutrivet Limited and the outstanding amount of credit facilites of subsidiary Comapny as on March 31, 2022 was ` 79.69 Million Part “B” Associates / Joint Venture S. No Name of the Associate/ Joint Venture Last Audit- ed Balance sheet Date Date on which the Associate or Joint Venture was associated or acuired Shares of Associate/ Joint ventures held by the Company on the Year End Description of how there is significant influence Reason why the associate/ Joint Venture is not consoli- dated Net worth attributable to share holding as per latest audited Balance sheet Profit / (Loss) fof the Year No of Shares Amount of Investment Exten of Holding (%) Consid- ered in consoli- dation Not Consid- ered in con- solidation 1 Skill Raigam Power (India) Limited- (Associate)* 31.03.2022 2011-12 650000 6.50 43.33 N.A N.A - - (28.91) 31.03.2021 2011-12 650000 6.50 44.22 N.A N.A 5.23 (0.08) (0.11) 2 Heritage Novandie Foods Private Limited-(Joint Venture) # 31.03.2022 2017-18 4939727 256.95 50.00 N.A N.A 169.32 (60.34) (60.34) 31.03.2021 2017-18 3485579 152.30 50.00 N.A N.A 124.76 (22.08) (22.08) * SKIL Raigam Power (India) Limited has been declared as Dormant Company as per Section 455(2) of Companies Act, 2013 vide SRN No T42936765 dated 22.09.2021. Networth attributable to sharehodling as per balance sheet as on 31 March 2022 is ` (7.43) millions but disclosed as Nill, since the Company has already provided impairment loss to the extent of its equity shareholding of ` 6.50 millions. # Heritge Foods Limited has given corporate guarantee of ` 220 Million as at 31st March’2022 for the credit facilities availed by its Joint Venture Company namely M/s. Heritage Novandie Foods Private Limted. and the outstanding amount of credit facilites as on March 31, 2022 was ` 120.26 Million For and on behalf of Board of Directors of Heritage Foods Limited N Bhuvaneswari N Brahmani M Sambasiva Rao Vice Chairperson and Executive Director President Managing Director DIN: 02338940 DIN: 00003741 Srideep Madhavan Nair Kesavan A Prabhakara Naidu Umakanta Barik Chief Executive Officer Chief Financial Officer Company Secretary & M.No.FCA 200974 Compliance Officer M.No. FCS 6317 Place : Hyderabad Date : 27 May 2022