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ANNUAL REPORT 2018 - 2019
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 1ST MARCH 201 9

ForeignCurrencyRisk
TheCompanyissubjecttotheriskthatchangesinforeigncurrencyvaluesimpacttheCompany’sexportsrevenueand
imports of raw material and property,plant and equipment.As at 31st March,2019,the net unhedged exposure to the
Company on holding assets (trade receivables and capital advances) and liabilities (trade payables and capital
creditors)otherthanintheirfunctionalcurrency isasunder.

The Company is exposed to foreign exchange risk arising from US Dollar,AED and EUR. ( ` in lakhs)
Particulars Foreign As at 31st March,201 9 As at 31st March,201 8
Currency Amount in Indian rupee Amount in Indian rupee
Foreign equivalent Foreign equivalent
Currency Currency
Assets :

Trade Receivables Export USD 47.62 3,293.74 16.76 1,090.22
EUR 1.13 87.77 0.98 79.36
Advance to Import Creditors USD 0.00 0.23
EUR 0.01 0.54
Bank Balance USD 13.69 946.93 2.03 131.82
EUR 0.01 0.66 0.01 0.68
Total 4,329.10 1,302.84

Liabilities :
Import Trade Payable USD 34.31 2,373.49 26.00 1,691.35
AED 27.84 522.07 29.48 522.74
7.40 596.46
Advances from Export Debtors USD - - 1.76 114.48
EUR - - 2.97 239.51

Total 2,895.56 3,164.54

Sensitivity analysis of 1% change in exchange rate at the end of reporting period net unhedged exposure
Description As at 31st As at 31st
March, 201 9 March, 201 8
1% Depreciation in INR
Impact on P&L (Pro t increased / (decreased) by) (14.34) 18.62
1% Appreciation in INR
Impact on P&L (Pro t increased / (decreased) by) 14.34 (18.62)

129
NOTES TO THE ACCOUNTS