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ANNUAL REPORT 2018 - 2019
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 1ST MARCH 201 9
Financial Instruments
Fair value measurement hierarchy
The fair value of financial instruments as below have been classified into three categories depending on the inputs
usedinthevaluationtechnique.Thehierarchygivesthehighestprioritytoquotedpricesinactivemarketsforidentical
assetsorliabilities(Level1measurements)andlowestprioritytounobservableinputs(Level3measurements).
Thecategoriesusedareasfollows

Level1: Quotedprices(unadjusted)inactivemarketsforidenticalassetsorliabilities;
Level 2 : Inputs other than the quoted prices included within Level 1 that are observable for the asset or liability,either
directlyorindirectly.
Level3: Inputswhicharenotbasedonobservablemarketdata

The following tables presents the carrying value and Fair value measurement hierarchy
of each category of financial assets and liabilities ( ` in lakhs)
Particulars As at 31st March,2019 As at 31st March,2018
Carrying Level 1 Carrying Level 1
Amount Amount
Financial Assets
Financial assets measured at amortised cost
Investments* - - - -

Financial assets measured at amortised cost
Investments* 0.02 - 0.02 -
Trade receivables 7669.31 - 4,399.60 -
Cash and cash equivalents 1012.11 - 479.25 -
Bank balances other than cash and cash equivalents above 295.12 - 251.76 -
Loans 26.18 - 7.82 -
Other financial assets 345.95 - 310.04 -

9,348.69 - 5,448.49 -
Financial Liabilities
Financial liabilities measured at amortised cost
Borrowings 4332.41 - 3,096.61 -
Trade payables 7237.33 - 5,470.85 -
Other financial liabilitie s 461.48 - 132.74 -

12,031.22 - 8,700.20 -
* Excludes financial assets measured at Cost
Valuation
The fair values of the financial assets and liabilities are defined as the price that would be received to sell an asset or
paid to transfer a liability in an orderly transaction between market participants at the measurement date.Methods
andassumptionsusedtoestimatethefairvaluesareconsistent.
Financial assets and liabilities measured at fair value as at Balance Sheet date :
The fair value of investment in quoted Equity Shares is measured at quoted price.
The fair value of the remaining financial instruments is determined using discounted cash flow analysis.

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NOTES TO THE ACCOUNTS