ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED
Standalone Financial Statements for period 01/04/2022 to 31/03/2023
[400100] Disclosure of general information about company
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Name of company
Corporate identity number
Permanent account number of entity
Address of registered office of company
Type of industry
Registration date
Category/sub-category of company
Whether company is listed company
Number of employees in the company at the end of the financial Year
Whether company has published sustainability report for the financial
Year
Date of board meeting when final accounts were approved
Period covered by financial statements
Date of start of reporting period
Date of end of reporting period
Nature of report standalone consolidated
Content of report
Description of presentation currency
Level of rounding used in financial statements
Type of cash flow statement
Whether company is maintaining books of account and other
relevant books and papers in electronic form
Complete postal address of place of maintenance of computer
servers (storing accounting data)
Name of city of place of maintenance of computer servers (storing
accounting data)
Name of state/ union territory of place of maintenance of
computer servers (storing accounting data)
Pin code of place of maintenance of computer servers (storing
accounting data)
Name of district of place of maintenance of computer servers
(storing accounting data)
ISO country code of place of maintenance of computer servers
(storing accounting data)
Name of country of place of maintenance of computer servers
(storing accounting data)
Phone (with STD/ ISD code) of place of maintenance of computer
servers (storing accounting data)
01/04/2021
to
31/03/2022
ACO SYSTEMS AND SOLUTIONS
PRIVATE LIMITED
U29219KA2006PTC039551
AAFCA7992M
III
Floor,
No:
627/4,
36B,
II
Phase,
60
Feet
Road,
Near
NTTF,
Chokkasandra,
Peenya
Bangalore
Bangalore KA 560058
Commercial
and
Industrial
24/05/2006
Company
limited
by
shares/subsidiaryof
foreign Company
No
31
No
10/08/2023
12 months
01/04/2022
31/03/2023
Standalone
Financial Statements
INR
Thousands
Indirect Method
12 months
01/04/2021
31/03/2022
Yes
III
Floor,
II
Phase,
N e a r
NTTF,
Peenya
Bangalore
Karnataka
560025
Bangalore
IND
India
08022485487
No:
60
627/4,
36B,
Feet
Road,
Chokkasandra,
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of principal product or services [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Types of principal product or services [Axis]
Axis-1
01/04/2022
to
31/03/2023
Disclosure of general information about company [Abstract]
Disclosure of principal product or services [Abstract]
Disclosure of principal product or services [LineItems]
Product or service category (ITC 4 digit) code
9961
Wholesale Trade
Services
4,54,043.04
99612690
Construction
materials
and
hardware n.e.c.
4,54,043.04
Description of product or service category
Turnover of product or service category
Highest turnover contributing product or service (ITC 8 digit) code
Description of product or service
Turnover of highest contributing product or service
[400400] Disclosures - Directors report
Details of material contracts/arrangements/transactions at arm's length basis [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Material contracts/arrangements/transactions at arm's length basis [Axis]
Axis-1
01/04/2022
to
31/03/2023
ACO Ahlmann SE
&
Co.
KG,
Germany
Holding company
Name of related party
Nature of related party relationship
Details of material contracts/arrangements/transactions at arm's length basis [Abstract]
Details of material contracts/arrangements/transactions at arm's length basis [LineItems]
ACO Ahlmann SE
&
Co.
KG,
Germany
Holding company
Refer AOC-2
Refer AOC-2
19/06/2022
Name of related party
Nature of related party relationship
Description of nature of material contracts/arrangements/transactions with related party
Duration of material contracts/arrangements/transactions with related party
Dates of approval of material contracts/arrangements/transactions with related party by board
Whether approval taken from board for material contracts/arrangements/transactions with related
party
Yes
Details of directors signing board report [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Directors signing board report [Axis]
Axis-1
Axis-2
01/04/2022
to
31/03/2023
01/04/2022
to
31/03/2023
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
PRASANNA
KUMAR
KADASUR
ANDANIGOWDA
Director
05308269
21/09/2023
First name of director
Middle name of director
Last name of director
Designation of director
Director identification number of director
Date of signing board report
2
GERRIET
SCHAFFT
Director
00166965
21/09/2023
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Disclosure in board of directors report explanatory [TextBlock]
Description of state of companies affair
Disclosure relating to amounts if any which is proposed to carry to any
reserves
Disclosures relating to amount recommended to be paid as dividend
Details regarding energy conservation
Details regarding technology absorption
Details regarding foreign exchange earnings and outgo
Disclosures in director’s responsibility statement
Details of material changes and commitment occurred during period
affecting financial position of company
Particulars of loans guarantee investment under section 186 [TextBlock]
Particulars of contracts/arrangements with related parties under section
188(1) [TextBlock]
Whether there are contracts/arrangements/transactions not at arm's
length basis
Whether there are material contracts/arrangements/transactions at
arm's length basis
Date of board of directors' meeting in which board's report referred
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3)
[TextBlock]
Disclosure of statement on declaration given by independent directors
under section 149(6) [TextBlock]
Disclosure for companies covered under section 178(1) on
directors appointment and remuneration including other matters
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk
management policy [TextBlock]
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Disclosure of financial summary or highlights [TextBlock]
Textual
information
[See below]
...
(1)
...
...
...
...
...
...
...
...
Textual
information
[See below]
(2)
No
Yes
21/09/2023
...
...
...
...
...
...
Disclosure of change in nature of business [TextBlock]
...
Details of directors or key managerial personnels who were
appointed or have resigned during year [TextBlock]
Disclosure of companies which have become or ceased to be its
subsidiaries, joint ventures or associate companies during
year [TextBlock]
Details relating to deposits covered under chapter v of companies act
[TextBlock]
Details of deposits which are not in compliance with requirements
of chapter v of act [TextBlock]
Details of significant and material orders passed by
regulators or courts or tribunals impacting going concern
status and company’s operations in future [TextBlock]
Details regarding adequacy of internal financial controls with
reference to financial statements [TextBlock]
Disclosure of appointment and remuneration of managerial personnels
[TextBlock]
Number of meetings of board
3
...
...
...
...
...
...
...
5
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Textual information (1)
Disclosure in board of directors report explanatory [Text Block]
Board of Director’s Report
To,
The Members of
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED.
Your Directors have pleasure in presenting the 17th Board’s Report of your Company together with the Audited Statement of Accounts and
the Auditors’ Report of your Company for the financial year ended 31st March, 2023.
FINANCIAL HIGHLIGHTS
The Company’s financial performance for the year under review along with previous year figures is given hereunder:
(In Rs.)
Particulars
Standalone
Particulars
2022-23
2021-22
Total Revenue
45,54,51,167
26,21,12,313
Total Expense
41,49,01,708
23,14,73,743
Net Profit/Loss Before Tax
4,05,49,459
3,06,38,570
Current Tax
-
-
MAT Credit
-
-
Deferred Tax (Charge)/Credit
97,64,986
73,10,026
Net Profit/Loss After Tax
3,07,84,473
2,33,28,544
Proposed Dividend
-
-
Transferred to General Reserve
-
-
Balance carried to Balance Sheet
3,07,84,473
2,33,28,544
Earnings per share (Basic / Diluted)
1.70
1.29
STATE OF THE COMPANY’S AFFAIRS/NATURE OF BUSINESS;
The Company was incorporated on 24th May 2006 with the object of carrying the business of manufacturing, trading and dealing in drainage
materials and equipments.
There is no change in the business carried on by the company during the financial year.
Revenue from operation of the Company has been increased to Rs. 45,41,96,387/- during the current financial year as compared to Rs.
26,05,32,192 during the previous year. The Company has earned a net profit of Rs. 3,07,84,473/- during the current financial year as
compared to Rs.2,33,28,544/- during the previous financial year.
DIVIDEND
4
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
The Board has not recommended any dividend for the year 2022-23.
TRANSFER TO RESERVES IN TERMS OF SECTION 134 (3) (J) OF THE COMPANIES ACT, 2013
For the financial year ended 31st March, 2023, the Company has not transferred any amount to Reserve Account.
CHANGES IN SHARE CAPITAL, IF ANY
There are no alterations in the share capital of the Company during the Financial Year 2022-23.
INFORMATION ABOUT SUBSIDIARY/ JV/ ASSOCIATE COMPANY
Company does not have any Subsidiary, Joint venture or Associate Company.
TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCTION AND PROTECTION FUND
The provisions of Section 125(2) of the Companies Act, 2013 do not apply as there was no dividend declared and paid in the past.
MATERIAL CHANGES AND COMMITMENTS
No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to
which this financial statements relate and on the date of this report.
DETAILS OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS:
The Company has adequate and necessary policies and procedures in place for orderly and efficient conduct of its business, safeguarding of
its assets, prevention and detection of frauds and errors and for ensuring accuracy and completeness of accounting records and timely
preparation of reliable financial statements.
WEBLINK FOR THE ANNUAL RETURN
The Company does not have Website.
MEETINGS OF THE BOARD OF DIRECTORS
During the Financial Year 2022-23, the Company held Five (05) meetings of the Board of Directors as per Section 173 of Companies Act,
2013. The provisions of Companies Act, 2013 and rules were adhered to while considering the time gap between two meetings.
DIRECTORS’ RESPONSIBILITY STATEMENT
Pursuant to Section 134(5) of the Companies Act, 2013 the Board of Directors of the Company confirms that(a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to
material departures;
(b) The directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable
and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of
the company for that period;
(c) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions
of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;
(d) The directors had prepared the annual accounts on a going concern basis; and
(f) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
adequate and operating effectively.
AUDITORS and REPORT thereon
At the Annual General Meeting held on 30th September 2019, Narayanan, Chaudhuri & Associates (FRN:002400S), Chartered Accountants,
were appointed as statutory auditors of the Company for a period of five years to hold office till the conclusion of the Annual General
Meeting to be held in the year 2024.
There are no qualifications or adverse remarks in the Auditors’ Report which require any clarification/ explanation. The Notes on financial
statements are self-explanatory, and needs no further explanation.
Further the Auditors’ Report for the financial year ended, 31st March, 2023 is enclosed herewith for your kind perusal and information.
DETAILS OF FRAUD REPORT BY AUDITOR:
As per auditors’ report, no fraud has been reported by the auditor under sub-section (12) of section 143 of the Companies Act, 2013.
LOANS, GUARANTEES AND INVESTMENTS
The Company has not given loans and not provided any guarantee or security in connection with a loan to any other body corporate or person
or made investment in securities of any other body corporate, pursuant to section 186 of the Act during the financial year and hence the said
provisions are not applicable.
5
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
RELATED PARTY TRANSACTIONS
The particulars of Contracts or Arrangements with related parties pursuant to section 188 is furnished in Annexure – A and is attached to this
report.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE OUTGO:
6
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Conservation of Energy, Technology Absorption
Conservation of Energy
Particulars
Explanations
The steps taken / impact on conservation of energy
Nil
The steps taken by the Company for utilising alternate sources of energy.
Nil
The capital investment on energy conservation equipment
Nil
Technology Absorption
Particulars
Explanations
Efforts made towards technology absorption & benefits derived
Nil
In case of imported technology:
Details of technology imported.
Nil
Expenditure incurred on Research and Development
Nil
Foreign Exchange Earnings and Outgo
Total Foreign Exchange Earned Rs.38,42,627/Total Foreign Exchange Outgo Rs. 14,00,28,686/RISK MANAGEMENT
Periodic assessments to identify the risk areas are carried out and management is briefed on the risks in advance to enable the company to
control risk through a properly defined plan. However, the Company does not have any specific Risk Management Policy as the elements of
risk threatening the Company’s existence are very minimal.
DIRECTORS and KMP
The Board of Directors of the Company was duly constituted with the following directors during the period under review:
Name of the Director
Designation
Date of
Appointment
Date of
Cessation
Reasons for
cessation
Mr. Prasanna Kumar Kadasur Andanigowda (DIN:
05308269)
Director
05/01/2017
-
-
Mr. Gerriet Schafft (DIN: 00166965)
Director
24/08/2020
-
-
Mr. Michael Neufellner (DIN: 09807108)
Additional
Director
30/11/2022
-
-
Mr. Wolfgang Beigl (DIN: 09807116)
Additional
Director
30/11/2022
-
-
7
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Mr. Ranjith Malengal Umesh
Company
Secretary
17/04/2019
-
-
Mr. Michael Neufellner (DIN: 09807108) and Mr. Wolfgang Beigl (DIN: 09807116) were appointed as additional Directors of the Company
by the Board on 30th November, 2022 and holds office as such only upto the date of this Annual General Meeting in terms of Section 161 of
the Act. The Board recommends the appointment of Mr. Michael Neufellner and Mr. Wolfgang Beigl as Directors of the Company at the
ensuing Annual General Meeting
STATEMENT SHOWING DETAILS OF EMPLOYEES
There are no employees who are drawing remuneration in excess of the amounts referred to under Rule 5(2) and (3) of Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 and hence disclosure is not required.
DEPOSITS
The company has not accepted any deposits during the year.
SHARES
a. BUY BACK OF SECURITIES
The Company has not bought back any of its securities during the year under review.
b. SWEAT EQUITY
The Company has not issued any Sweat Equity Shares during the year under review.
c. BONUS SHARES
No Bonus Shares were issued during the year under review.
d. EMPLOYEES STOCK OPTION PLAN
The Company has not provided any Stock Option Scheme to the employees.
e. SHARES WITH DIFFERENTIAL RIGHTS
The Company has not issued any shares with differential rights.
CORPORATE SOCIAL RESPONSIBILITY
The provisions of Section 135(5) of the Companies Act, 2013 and Rule 8 of the Companies (Corporate Social Responsibility Policy) Rules,
2014 regarding the Corporate Social Responsibility is not applicable to the Company.
MAINTENANCE OF COST RECORDS:
The Company is not required to maintain cost records as specified by the Central Government under sub-section (1) of section 148 of the
Companies Act, 2013.
VIGIL MECHANISM
The provisions of Section 177(9) and (10) of the Companies Act, 2013, regarding establishment of Vigil Mechanism / Whistle Blower Policy
is not applicable to the Company.
ORDER OF COURT
There are no significant and material orders passed by the regulators or courts or Tribunals impacting the going concern status and
company’s operation in future.
DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (Prevention, Prohibition and Redressal) Act,
2013:
The company has complied with provisions relating to the constitution of Internal Complaints Committee under the Sexual Harassment of
Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. The Company did not receive any complaint during the year
2022-23.
COMPLIANCE OF SECRETARIAL STANDARD
The Company has complied with all the applicable compliances of Secretarial Standards issued by the Institute of Company Secretaries of
India (ICSI).
LOAN FROM DIRECTORS
The Company has not received loan from Directors or their relatives.
8
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
‘Disclosure’ about the application made or proceeding pending under the Insolvency and Bankruptcy Code (IBC), 2016 during the year along
with their status as at the end of the financial year.
No application has been made or no proceeding is pending under the Insolvency and Bankruptcy Code (IBC), 2016
‘Disclosure’ about the difference between the amounts of the valuation executed at the time of one time settlement and the valuation done
while taking loan from the Banks or Financial Institutions along with the reasons thereof.
The Company has not taken any loan and hence, the said disclosure is not applicable.
ACKNOWLEDGEMENT
Your Directors wish to express their grateful appreciation to the continued co-operation received from the Banks, Government Authorities,
Customers, Vendors and Shareholders during the year under review. Your Directors also wish to place on record their deep sense of
appreciation for the committed service of the Executives, staff and Workers of the Company.
For & on behalf of the Board of Directors
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED
K A Prasanna Kumar Director
[DIN: 05308269]
Address: 536, 5th A Cross, Health Layout, Srigandha Kawal, Bengaluru – 560091
Date: 21st September 2023
Place: Bangalore
Gerriet Schafft
Director
[DIN: 00166965]
Address: Am Burgerpark 11
Gettorf Germany 24214
Date: 21st September 2023
Place: Germany
9
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Textual information (2)
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
Annexure – A
PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES
(Pursuant to provision of Section 134 (3) (h) read with Rule 8 of Company (Accounts) Rules, 2014)
Form AOC – 2
Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of
section 188 of the Companies Act, 2013 including certain arms length transactions under third proviso thereto
Particulars
Details of Transaction
Details of contracts or arrangements or transactions not at arm's length basis
Nil/Not Applicable
Name(s) of the related party and nature of relationship
Nil/Not Applicable
Nature of contracts/arrangements/transactions
Nil/Not Applicable
Duration of the contracts / arrangements / transactions
Nil/Not Applicable
Salient terms of the contracts or arrangements or transactions including the value, if any
Nil/Not Applicable
Justification for entering into such contracts or arrangements or transactions
Nil/Not Applicable
Date(s) of approval by the Board
Nil/Not Applicable
Amount paid as advances, if any
Nil/Not Applicable
(Amount in Rs.)
Details of material contracts or arrangement or transactions at arm's
length basis
Name(s) of the related party and nature of relationship
ACO Ahlmann SE & Co. KG, Germany, Ultimate
Holding Company
Nature of contracts/arrangements/transactions
Purchase – Rs.1,65,66,043/Consultancy fee reimbursement – Rs. 5,20,092/Freight – Rs. 1,66,988/-
Duration of the contracts/arrangements/transactions
Continuous
Salient terms of the contracts or arrangements or transactions
including the value, if any
Upto Rs. 2 Crore
Date(s) of approval by the Board, if any
19.06.2022
Amount paid as advances, if any
10
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
ACO Industries K.S, Czech Republic, Fellow
Subsidiary
Name(s) of the related party and nature of relationship
Nature of contracts/arrangements/transactions
Purchase-Rs 6,46,00,264/Freight – Rs 4,70,046/-
Duration of the contracts/arrangements/transactions
Continuous
Salient terms of the contracts or arrangements or transactions including
the value, if any
Upto
Rs. 8 Crore
Date(s) of approval by the Board, if any
19.06.2022
Amount paid as advances, if any
-
Name(s) of the related party and nature of relationship
ACO Passvant GmbH, Germany, Fellow
Subsidiary
Nature of contracts/arrangements/transactions
Purchase-Rs 3,75,71,711/Freight – Rs 2,62,842/-
Duration of the contracts/arrangements/transactions
Continuous
Salient terms of the contracts or arrangements or transactions including
the value, if any
Upto Rs.5 Crore
Date(s) of approval by the Board, if any
19.06.2022
Amount paid as advances, if any
-
Name(s) of the related party and nature of relationship
ACO Systems FZE, UAE, Fellow Subsidiary
Nature of contracts/arrangements/transactions
Technical service fee – Rs 46,29,704/-
Duration of the contracts/arrangements/transactions
Continuous
Salient terms of the contracts or arrangements or transactions including
the value, if any
Upto Rs.1 Crore
Date(s) of approval by the Board, if any
19.06.2022
Amount paid as advances, if any
11
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
ACO Solutions De Drainage, Morocco,
Fellow Subsidiary
Name(s) of the related party and nature of relationship
Nature of contracts/arrangements/transactions
Sales – Rs.16,58,880/-
Duration of the contracts/arrangements/transactions
Continuous
Salient terms of the contracts or arrangements or transactions including
the value, if any
Upto Rs. 50 Lakhs
Date(s) of approval by the Board, if any
19.06.2022
Amount paid as advances, if any
-
Name(s) of the related party and nature of relationship
ACO S.p.A., Italy
Fellow Subsidiary
Purchase – Rs 78,77,415/Nature of contracts/arrangements/transactions
Freight- Rs 72,164/-
Duration of the contracts/arrangements/transactions
Continuous
Salient terms of the contracts or arrangements or transactions including
the value, if any
Upto Rs. 1 Crore
Date(s) of approval by the Board, if any
19.06.2022
Amount paid as advances, if any
-
Name(s) of the related party and nature of relationship
ACO Technologies PLC – UK, Fellow Subsidiary
Nature of contracts/arrangements/transactions
Purchase – Rs 55,803/-
Duration of the contracts/arrangements/transactions
Continuous
Salient terms of the contracts or arrangements or transactions including
the value, if any
Upto Rs. 5 Lakhs
Date(s) of approval by the Board, if any
19.06.2022
Amount paid as advances, if any
-
12
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
ACO AG, Switzerland,
Fellow Subsidiary
Name(s) of the related party and nature of relationship
Nature of contracts/arrangements/transactions
Purchase – Rs 57,66,513/-
Duration of the contracts/arrangements/transactions
Continuous
Salient terms of the contracts or arrangements or transactions including
the value, if any
Upto Rs. 2.5 crore
Date(s) of approval by the Board, if any
19.06.2022
Amount paid as advances, if any
-
Name(s) of the related party and nature of relationship
ACO Industries Tabor k.s. Czech Republic,
Fellow Subsidiary
Purchase – Rs 14,15,822/Nature of contracts/arrangements/transactions
Freight – Rs 45,457/-
Duration of the contracts/arrangements/transactions
Continuous
Salient terms of the contracts or arrangements or transactions including
the value, if any
Upto Rs. 25 lakhs
Date(s) of approval by the Board, if any
19.06.2022
Amount paid as advances, if any
-
Name(s) of the related party and nature of relationship
ACO Technology Centre Pvt Ltd, India, Fellow
Subsidiary
Nature of contracts/arrangements/transactions
IT support – Rs 16,33,343/-
Duration of the contracts/arrangements/transactions
Continuous
Salient terms of the contracts or arrangements or transactions including
the value, if any
Upto Rs. 30 Lakhs
Date(s) of approval by the Board, if any
19.06.2022
Amount paid as advances, if any
-
13
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Name(s) of the related party and nature of relationship
ACO Sourcing Pvt Ltd, India, Fellow Subsidiary
Nature of contracts/arrangements/transactions
Design services – Rs 12,92,480/-
Duration of the contracts/arrangements/transactions
Continuous
Salient terms of the contracts or arrangements or transactions including
the value, if any
Upto Rs.1 Crore
Date(s) of approval by the Board, if any
19.06.2022
Amount paid as advances, if any
-
Name(s) of the related party and nature of relationship
ACO PRODUCTOS POLIMEROS, S.A.U.
Espana
Nature of contracts/arrangements/transactions
Export Sales – Rs 3,40,547/-
Duration of the contracts/arrangements/transactions
Continuous
Salient terms of the contracts or arrangements or transactions including
the value, if any
Upto Rs.1 Crore
Date(s) of approval by the Board, if any
19.06.2022
Amount paid as advances, if any
-
Name(s) of the related party and nature of relationship
ACO Drainage Systems Limited, Kenya
Nature of contracts/arrangements/transactions
Export Sales – Rs 18,43,200/-
Duration of the contracts/arrangements/transactions
Continuous
Salient terms of the contracts or arrangements or transactions including
the value, if any
Upto Rs.1 Crore
Date(s) of approval by the Board, if any
19.06.2022
Amount paid as advances, if any
-
14
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
[400200] Disclosures - Auditors report
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis]
Auditor's
favourable remark
[Member]
01/04/2022
to
31/03/2023
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report
[LineItems]
Disclosure in auditors report relating to fixed assets
Disclosure in auditors report relating to inventories
Disclosure in auditors report relating to loans
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
Disclosure in auditors report relating to deposits accepted
Disclosure in auditors report relating to maintenance of cost records
Disclosure in auditors report relating to statutory dues [TextBlock]
Disclosure in auditors report relating to default in repayment of financial dues
Disclosure in auditors report relating to public offer and term loans used for purpose for which
those were raised
Disclosure in auditors report relating to fraud by the company or on the company by its officers
or its employees reported during period
Disclosure in auditors report relating to managerial remuneration
Disclosure in auditors report relating to Nidhi Company
Disclosure in auditors report relating to transactions with related parties
Disclosure in auditors report relating to preferential allotment or private placement of shares or
convertible debentures
Disclosure in auditors report relating to non-cash transactions with directors or persons connected
with him
Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of India
Act, 1934
15
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ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Details regarding auditors [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Auditors [Axis]
Axis-1
01/04/2022
to
31/03/2023
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor
Auditors firm
Narayanan,
Chaudhuri
&
Associates
Kiranmoy
Roy
Chaudhuri
007761S
027360
Bangalore
AAAFN9770A
R12456562
30/08/2023
30/08/2023
Name of audit firm
Name of auditor signing report
Firms registration number of audit firm
Membership number of auditor
Address of auditors
Permanent account number of auditor or auditor's firm
SRN of form ADT-1
Date of signing audit report by auditors
Date of signing of balance sheet by auditors
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Textual
information
[See below]
Yes
Disclosure in auditor’s report explanatory [TextBlock]
Whether companies auditors report order is applicable on company
Whether auditors' report has been qualified or has any reservations or
contains adverse remarks
No
16
(3)
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Textual information (3)
Disclosure in auditor’s report explanatory [Text Block]
Independent Auditor’s Report
To the Members of ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED
Report on the Audit of the Standalone Financial Statements
Opinion
We have audited the accompanying standalone financial statements ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED, having its
registered office at No. #627/4,36B, III Floor, II Phase, 60 Feet Road, Near NTTF, Chokkasandra, Bangalore- 560 058 which comprise the
Balance Sheet as at 31st March 2023, the Statement of Profit and Loss, the Cash Flow Statement and notes to the financial statements,
including a summary of significant accounting policies and other explanatory information (hereinafter referred to as “the financial
statements”).
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements
give the information required by the Companies Act, 2013 (‘Act’) in the manner so required and give a true and fair view in conformity with
Accounting Standards prescribed under section 133 of the Act and other accounting principles generally accepted in India, of the state of
affairs of the company as at 31st March 2023, the profit and its cash flows for the year ended on that date.
Basis for Opinion
We conducted our audit of the standalone financial statements in accordance with Standards on Auditing (SAs) specified under section
143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the
Audit of the Standalone Financial Statements section of our report. We are independent of the Company in accordance with the Code of
Ethics issued by the Institute of Chartered Accountants of India together with ethical requirements that are relevant to our audit of the
standalone financial statements under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other
ethical responsibilities in accordance with these requirements and the code of ethics.
We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion on the standalone
financial statements.
Information Other than the Standalone Financial Statements and Auditor’s Report Thereon
The Company’s management and Board of Directors are responsible for the preparation of the other information. The other information
comprises the information included in the Board’s Report including Annexures to Board’s Report, Business Responsibility Report, and
Shareholder’s Information, but does not include the standalone financial statements and our auditor’s report thereon
Our opinion on the standalone financial statements does not cover the other information and we do not express any form of assurance
conclusion thereon.
In connection with our audit of the standalone financial statements, our responsibility is to read the other information identified above when
it becomes available and, in doing so, consider whether the other information is materially inconsistent with the standalone financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to
report that fact. We have nothing to report in this regard.
Responsibilities of Management and Those charged with governance for the Standalone Financial Statements
The Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Companies Act, 2013 (“the Act”) with
respect to the preparation of these standalone financial statements that give a true and fair view of the financial position, financial
performance and cash flows of the company in accordance with the accounting principles generally accepted in India, including the
Accounting Standards specified under section 133 of the Act. This responsibility also includes maintenance of adequate accounting records
in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other
irregularities; selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent;
and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy
and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial statements that give a
true and fair view and are free from material misstatements, whether due to fraud or error.
In preparing the standalone financial statements, management is responsible for assessing the Company’s ability to continue as a going
concern, disclosing as applicable, matters related to going concern and using the going concern basis of accounting unless management either
intends to liquidate the Company or to cease operations, or has no realistic alternative, but to do so.
The Board of Directors are also responsible for overseeing the Company’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Standalone Financial Statements
Our objectives are to obtain reasonable assurance about whether the Standalone financial statements as a whole are free from material
misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of
assurance, but is not a guarantee that an audit conducted in accordance with Standards on Auditing will always detect a material misstatement
when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could
reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial statements.
As part of an audit in accordance with Standards on Auditing, we exercise professional judgment and maintain professional skepticism
throughout the audit. We also:
17
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Identify and assess the risks of material misstatement of the standalone financial statements, whether due to fraud or error, design and
perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our
opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may
involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances.
but not for the purpose of expressing an opinion on whether the Company has in place an adequate internal financial controls system over
financial reporting and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by
management.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained,
whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a
going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related
disclosures in the standalone financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on
the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to
continue as a going concern.
Evaluate the overall presentation, structure and content of the standalone financial statements, including the disclosures, and whether the
standalone financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and
significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance, a statement that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our
independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit
of the standalone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's
report unless law or regulation precludes public disclosure about the matter, or when in extremely rare circumstances, we determine that a
matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh
the public interest benefits of such communication.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor’s Report) Order, 2020 (the “Order”) issued by the Central Government in terms of Section 143(11)
of the Act, we give in “Annexure A” a statement on the matters specified in paragraphs 3 and 4 of the Order
2. As required by section 143(3) of the Act, we report that
(a) we have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purpose of our audit;
(b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of
those books;
(c) The Balance Sheet, the Statement of Profit and Loss, and the Statement of Cash Flows dealt with by this Report are in agreement with the
books of account.
(d) In our opinion, the aforesaid standalone financial statements comply with Accounting Standards specified under Section 133 of the Act,
read with relevant rules there under;
(e) On the basis of the written representations received from the directors and taken on record by the Board of Directors, none of the directors
is disqualified as on 31st March, 2023 from being appointed as a director in terms of section 164(2) of the Act;
(f) Reporting on internal financial controls over financial reporting as on 31st March, 2023 does not arise as per Notification GSR 583 E
dated 13th June 2017, since the company doesn’t satisfies the turnover and borrowings conditions of the above notification;
(g) The provisions of Section 197(16) of the Act is not applicable to the Company, hence reporting under the same is not required.
(h) With respect to the other matters to be included in the Auditor’s Report in accordance with rule 11 of the Companies (Audit and Auditors)
Rules, 2014 (as amended), in our opinion and to the best of our information and according to the explanations given to us:
(i) The company does not have any pending litigations which would impact its financial position as on 31 March 2023;
(ii) The company did not have any long-term contracts including derivatives contracts for which there were any material foreseeable losses as
at 31 March 2023
(iii) There are no amounts required to be transferred to investor education and protection fund by the company during the year ended 31
March 2023.
(iv) The Management has represented that, to the best of its knowledge and belief, no funds (which are material either individually or in the
18
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
aggregate) have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by
the Company to or in any other person or entity, including foreign entity (“Intermediaries”), with the understanding, whether recorded in
writing or otherwise, that the Intermediary shall, whether, directly or indirectly lend or invest in other persons or entities identified in any
manner whatsoever by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the
Ultimate Beneficiaries;
The Management has represented, that, to the best of its knowledge and belief, no funds (which are material either individually or in the
aggregate) have been received by the Company from any person or entity, including foreign entity (“Funding Parties”), with the
understanding, whether recorded in writing or otherwise, that the Company shall, whether, directly or indirectly, lend or invest in other
persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (“Ultimate Beneficiaries”) or provide any
guarantee, security or the like on behalf of the Ultimate Beneficiaries.
Based on the audit procedures that have been considered reasonable and appropriate in the circumstances, nothing has come to our notice that
has caused us to believe that the representations under sub-clause (i) and (ii) of Rule 11(e), as provided under (a) and (b) above, contain any
material misstatement.
(v) The Company has not declared any dividends during the year.
(vi) Proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 for maintaining books of account using accounting software which has a
feature of recording audit trail (edit log) facility is applicable to the Company with effect from April 1, 2023, and accordingly, reporting
under Rule 11(g) of Companies (Audit and Auditors) Rules, 2014 is not applicable for the financial year ended March 31, 2023
for Narayanan, Chaudhuri & Associates
Chartered Accountants
Firm’s Registration No.: 007761S
Kiran Roy Chaudhuri
Partner
Membership No. 027360
Place : Bangalore
Date :30-August-2023
UDIN :
Annexure ‘A’ to Independent Auditors’ Report - 31st March 2023 (Referred to in our report of even date)
To the best of our information and according to the explanations provided to us by the Company and the books of account and records
examined by us in the normal course of audit, we state that:
i. In respect of the Company’s Property, Plant and Equipment and Intangible Assets:
(a) The Company has maintained proper records showing full particulars, including quantitative details and situation of Property, Plant and
Equipment.
The Company has maintained proper records showing full particulars of intangible assets;
(b) All Property, Plant and Equipment have been physically verified by the management during the year and no material discrepancies were
noticed on such verification. In our opinion, the frequency of verification of the Property, Plant and Equipment is reasonable having regard to
the size of the Company and the nature of its assets;
(c) The Company does not hold any immovable property (in the nature of ‘fixed assets’). Accordingly, the provisions of clause 3(i) (c) of the
Order are not applicable
(d) The Company has not revalued any of its Property, Plant and Equipment (including right- of-use assets) and intangible assets during the
year;
(e) No proceedings have been initiated during the year or are pending against the Company as at March 31, 2023 for holding any benami
property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder;
ii. (a) In our opinion, the management has conducted physical verification of inventory at reasonable intervals during the year and no material
discrepancies between physical inventory and book records were noticed on physical verification;
(b) The Company has not been sanctioned working capital limits in excess of ? 5 crore, in aggregate, at any points of time during the year,
from banks or financial institutions on the basis of security of current assets and hence reporting under clause 3(ii)(b) of the Order is not
applicable;
iii. In our opinion, the Company has not made investments in, companies, firms, Limited Liability Partnerships, and, or any other parties and
has not granted any loans or advances nor provided guarantees or securities. Hence, the provisions of clause 3(iii) of the Order are not
applicable;
iv. In our opinion, the Company has not entered any transaction covered under Sections 185 and 186 of the Act. Accordingly, the provisions
of clause 3(iv) of the Order are not applicable;
v. The Company has not accepted any deposit or amounts which are deemed to be deposits. Hence, reporting under clause 3(v) of the Order
is not applicable;
vi. The maintenance of cost records has not been specified by the Central Government under sub- section (1) of section 148 of the Companies
19
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Act, 2013 for the business activities carried out by the Company. Hence, reporting under clause (vi) of the Order is not applicable to the
Company;
vii. In respect of statutory dues:
(a) The Company is regular in depositing undisputed statutory dues including provident fund, employees’ state insurance, income-tax, Goods
and service tax, duty of customs, cess and other material statutory dues, as applicable, to the appropriate authorities. Further, no undisputed
amounts payable in respect thereof were outstanding at the year-end for a period of more than six months from the date they become payable;
(b) There are no dues in respect of income-tax, Goods and service tax and duty of customs that have not been deposited with the appropriate
authorities on account of any dispute:
viii. There were no transactions relating to previously unrecorded income that have been surrendered or disclosed as income during the year
in the tax assessments under the Income Tax Act, 1961 (Section 43 of 1961);
ix. (a) According to the information and explanations given to us, the Company does not have any loans or other borrowings from any lender.
Accordingly, reporting under clause 3(ix) of the Order is not applicable to the Company;
(b) The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority;
(c) The Company has not obtained term loan during the year. Accordingly, the provisions of clause 3(ix)(c) of the Order are not applicable;
(d) The Company has not raised any short-term funds during the year. Accordingly, the provisions of clause 3(ix)(d) of the Order are not
applicable;
(e) On an overall examination of the standalone financial statements of the Company, the Company has not taken any funds from any entity
or person on account of or to meet the obligations of its subsidiaries and hence reporting on clause 3(ix)(e) of the order is not applicable;
(f) The Company has not raised any loans during the year on the pledge of securities held in its subsidiaries, joint ventures or associate
companies and hence reporting on clause 3(ix)(f) of the Order is not applicable;
x. (a) The Company has not raised moneys by way of initial public offer or further public offer (including debt instruments) during the year
and hence reporting under clause 3(x)(a) of the Order is not applicable;
(b) During the year, the Company has not made any preferential allotment or private placement of shares or convertible debentures (fully or
partly or optionally) and hence reporting under clause 3(x)(b) of the Order is not applicable;
xi.
(a) No fraud by the Company and no material fraud on the Company has been noticed or reported during the year;
(b) No report under sub-section (12) of section 143 of the Companies Act has been filed in Form ADT-4 as prescribed under rule 13 of
Companies (Audit and Auditors) Rules, 2014 with the Central Government, during the year and up to the date of this report;
(c) As represented to us by the management, there are no whistle blower complaints received by the company during the year;
xii. The Company is not a Nidhi Company and hence reporting under clause (xii) of the Order is not applicable;
xiii. In our opinion, all transactions with the related parties are in compliance with Section 188 of the Act, where applicable, and the requisite
details have been disclosed in the standalone financial statements, as required by the applicable accounting standards. Further, in our opinion,
the company is not required to constitute audit committee under Section 177 of the Act.;
xiv In our opinion and based on our examination, the company does not have an internal audit system and is not required to have an internal
audit system as per provisions of the Companies Act 2013 and hence reporting under clause 3(xiv)(a) and clause 3(xiv)(b) of the Order is not
applicable
xv. In our opinion during the year the Company has not entered into any non-cash transactions with its Directors or persons connected with
its directors and hence provisions of section 192 of the Companies Act, 2013 are not applicable to the Company;
xvi. (a) In our opinion, the Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934. Hence,
reporting under clause 3(xvi)(a), (b) and (c) of the Order is not applicable;
(b) In our opinion, there is no core investment company within the Group (as defined in the Core Investment Companies (Reserve Bank)
Directions, 2016) and accordingly reporting under clause 3(xvi)(d) of the Order is not applicable;
xvii. The Company has not incurred any cash losses during the financial year and in immediately preceding financial year covered by our
audit;
xviii. There has been no resignation of the statutory auditors of the Company during the year;
xix. On the basis of the financial ratios, ageing and expected dates of realisation of financial assets and payment of financial liabilities, other
information accompanying the financial statements and our knowledge of the Board of Directors and Management plans and based on our
examination of the evidence supporting the assumptions, nothing has come to our attention, which causes us to believe that any material
uncertainty exists as on the date of the audit report indicating that Company is not capable of meeting its liabilities existing at the date of
20
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
balance sheet as and when they fall due within a period of one year from the balance sheet date. We, however, state that this is not an
assurance as to the future viability of the Company. We further state that our reporting is based on the facts up to the date of the audit report
and we neither give any guarantee nor any assurance that all liabilities falling due within a period of one year from the balance sheet date,
will get discharged by the Company as and when they fall due;
xx. The provision of section 135 of Companies Act, is not applicable to company and hence reporting under clause 3(xx)(a) and 3(xx)(b) of
the Order is not applicable.
for Narayanan, Chaudhuri & Associates
Chartered Accountants
FRN: 007761S
Kiran Roy Chaudhuri
Partner
Membership No. 027360
Place : Bangalore
Date : 30-August-2023
UDIN : 23027360BGWPWU1639
[400500] Disclosures - Secretarial audit report
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company
No
21
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
[100100] Balance sheet
Unless otherwise specified, all monetary values are in Thousands of INR
31/03/2023
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital
Reserves and surplus
Total shareholders' funds
Share application money pending allotment
Minority interest
Non-current liabilities [Abstract]
Long-term borrowings
Other long-term liabilities
Long-term provisions
Total non-current liabilities
Current liabilities [Abstract]
Short-term borrowings
Trade payables
Other current liabilities
Short-term provisions
Total current liabilities
Total equity and liabilities
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets
Intangible assets
Total fixed assets
Non-current investments
Deferred tax assets (net)
Long-term loans and advances
Other non-current assets
Total non-current assets
Current assets [Abstract]
Current investments
Inventories
Trade receivables
Cash and bank balances
Short-term loans and advances
Total current assets
Total assets
31/03/2022
1,81,323.32
-41,427
1,39,896.32
0
0
1,81,323.32
-72,209
1,09,114.32
0
0
0
0
3,878
3,878
0
0
2,994
2,994
0
1,33,283
14,481.68
13,589
1,61,353.68
3,05,128
0
82,812
12,550.68
11,542
1,06,904.68
2,19,013
4,723
15
4,738
0
6,467
0
1,669
12,874
4,059
89
4,148
0
16,232
0
1,642
22,022
0
1,65,495
63,417
51,027
12,315
2,92,254
3,05,128
0
1,13,649
44,970
36,034
2,338
1,96,991
2,19,013
31/03/2021
5,011.55
211.5
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Directors signing financial statements [Axis]
Axis-1
Axis-2
01/04/2022
to
31/03/2023
01/04/2022
to
31/03/2023
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
PRASANNA
KUMAR
KADASUR
ANDANIGOWDA
Director
05308269
10/08/2023
First name of director
Middle name of director
Last name of director
Designation of director
Director identification number of director
Date of signing of financial statements by director
22
Gerriet
SCHAFFT
Director
00166965
10/08/2023
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Name of company secretary
Permanent account number of company secretary
Date of signing of financial statements by company secretary
RANJITH MALENGAL UMESH
CHQPR2149E
10/08/2023
[100400] Cash flow statement, indirect
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for depreciation and amortisation expense
Total adjustments to profit (loss)
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in inventories
Adjustments for decrease (increase) in trade receivables
Adjustments for decrease (increase) in other current assets
Adjustments for increase (decrease) in trade payables
Adjustments for increase (decrease) in other current liabilities
Adjustments for provisions
Total adjustments for working capital
Total adjustments for reconcile profit (loss)
Net cash flows from (used in) operations
Interest received
Net cash flows from (used in) operating activities before extraordinary
items
Net cash flows from (used in) operating activities
Cash flows from used in investing activities [Abstract]
Purchase of tangible assets
Interest received
Net cash flows from (used in) investing activities before extraordinary
items
Net cash flows from (used in) investing activities
Cash flows from used in financing activities [Abstract]
Proceeds from issuing shares
Net cash flows from (used in) financing activities before extraordinary
items
Net cash flows from (used in) financing activities
Net increase (decrease) in cash and cash equivalents before effect of
exchange rate changes
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents cash flow statement at end of period
23
01/04/2021
to
31/03/2022
Yes
31/03/2021
Yes
40,547
30,639
2,162
2,162
1,741
1,741
-51,846
-18,447
-10,004
50,470
1,931
2,932
-24,964
-22,802
17,745
-985
-54,920
7,315
1,430
5,225
8,304
6,198
-26,448
-24,707
5,932
-455
16,760
5,477
16,760
5,477
2,752
985
666
455
-1,767
-211
-1,767
-211
0
26,250
0
26,250
0
26,250
14,993
31,516
14,993
51,027
31,516
36,034
4,518
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
[200100] Notes - Share capital
Disclosure of shareholding more than five per cent in company [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of share capital [Axis]
Name of shareholder [Axis]
Equity shares 1 [Member]
Shareholder 1 [Member]
Shareholder 2 [Member]
01/04/2022
to
31/03/2023
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share
Name of shareholder
Country of incorporation or residence of
shareholder
Number of shares held in company
Percentage of shareholding in company
01/04/2021
to
31/03/2022
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
Equity shares
Equity shares
Equity shares
Severin Ahlmann Severin
Ahlmann
Plastmo GmbH
Holding GmbH
Holding GmbH
Equity shares
GERMANY
GERMANY
GERMANY
[shares] 1,72,82,332 [shares] 1,72,82,332
95.00%
95.00%
24
GERMANY
[shares] 8,50,000
5.00%
Plastmo GmbH
[shares] 8,50,000
5.00%
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of classes of share capital [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of share capital [Axis]
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised
Value of shares authorised
Number of shares issued
Value of shares issued
Number of shares subscribed and fully paid
Value of shares subscribed and fully paid
Number of shares subscribed but not fully paid
Value of shares subscribed but not fully paid
Total number of shares subscribed
Total value of shares subscribed
Value of shares paid-up [Abstract]
Number of shares paid-up
Value of shares called
Value of shares paid-up
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering
Number of shares issued as bonus shares
Number of shares issued as rights
Number of shares allotted for
contracts without payment received
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares
Total aggregate number of shares issued
during period
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period
Amount of bonus issue during period
Amount of rights issue during period
Amount of issue allotted for
contracts without payment
received in cash during period
Amount of issue under scheme of
amalgamation during period
Amount of other issues during period
Total aggregate amount of increase in
share capital during period
Total increase (decrease) in share capital
Share capital at end of period
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company
Shares in company held by subsidiaries of its
ultimate holding company
Total shares in company held by holding company
or ultimate holding company or by its
subsidiaries or associates
Equity shares
[Member]
Share capital [Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
[shares] 2,50,00,000
2,50,000
[shares] 1,81,32,332
1,81,323.32
[shares] 1,81,32,332
1,81,323.32
[shares] 0
0
[shares] 1,81,32,332
1,81,323.32
[shares] 2,50,00,000
2,50,000
[shares] 1,81,32,332
1,81,323.32
[shares] 1,81,32,332
1,81,323.32
[shares] 0
0
[shares] 1,81,32,332
1,81,323.32
[shares] 2,50,00,000
2,50,000
[shares] 1,81,32,332
1,81,323.32
[shares] 1,81,32,332
1,81,323.32
[shares] 0
0
[shares] 1,81,32,332
1,81,323.32
[shares] 1,81,32,332 [shares] 1,81,32,332
1,81,323.32
1,81,323.32
1,81,323.32
1,81,323.32
[shares] 1,81,32,332
1,81,323.32
1,81,323.32
31/03/2021
01/04/2022
to
31/03/2023
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 26,25,000
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 26,25,000
[shares] 0
[shares] 0
[shares] 26,25,000
[shares] 0
[shares] 1,81,32,332 [shares] 1,81,32,332 [shares] 1,55,07,332 [shares] 1,81,32,332
0
0
0
0
0
26,250
0
0
0
0
0
0
0
0
0
0
0
0
0
26,250
0
0
1,81,323.32
26,250
1,81,323.32
0
1,81,323.32
[shares] 1,72,82,332 [shares] 1,72,82,332
[shares] 1,72,82,332
[shares] 8,50,000
[shares] 8,50,000
[shares] 8,50,000
[shares] 1,81,32,332 [shares] 1,81,32,332
[shares] 1,81,32,332
25
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Total application money received for
allotment of securities and due for refund
and interest accrued thereon
0
26
0
0
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of classes of share capital [Table]
..(2)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of share capital [Axis]
Equity shares [Member]
01/04/2021
to
31/03/2022
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Type of share
Number of shares authorised
Value of shares authorised
Number of shares issued
Value of shares issued
Number of shares subscribed and fully paid
Value of shares subscribed and fully paid
Number of shares subscribed but not fully paid
Value of shares subscribed but not fully paid
Total number of shares subscribed
Total value of shares subscribed
Value of shares paid-up [Abstract]
Number of shares paid-up
Value of shares called
Value of shares paid-up
Par value per share
Amount per share called in case shares not fully
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering
Number of shares issued as bonus shares
Number of shares issued as rights
Number of shares allotted for
contracts without payment received
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares
Total aggregate number of shares issued
during period
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period
Amount of bonus issue during period
Amount of rights issue during period
Amount of issue allotted for
contracts without payment
received in cash during period
Amount of issue under scheme of
amalgamation during period
Amount of other issues during period
Total aggregate amount of increase in
share capital during period
Total increase (decrease) in share capital
Share capital at end of period
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company
Shares in company held by subsidiaries of its
ultimate holding company
31/03/2021
Equity shares 1 [Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
Equity
Equity
[shares] 2,50,00,000 [shares] 2,50,00,000
2,50,000
2,50,000
[shares] 1,81,32,332 [shares] 1,81,32,332
1,81,323.32
1,81,323.32
[shares] 1,81,32,332 [shares] 1,81,32,332
1,81,323.32
1,81,323.32
[shares] 0
[shares] 0
0
0
[shares] 1,81,32,332 [shares] 1,81,32,332
1,81,323.32
1,81,323.32
[shares] 2,50,00,000
2,50,000
[shares] 1,81,32,332
1,81,323.32
[shares] 1,81,32,332
1,81,323.32
[shares] 0
0
[shares] 1,81,32,332
1,81,323.32
[shares] 1,81,32,332
1,81,323.32
1,81,323.32
[shares] 1,81,32,332 [shares] 1,81,32,332
1,81,323.32
1,81,323.32
1,81,323.32
1,81,323.32
[INR/shares] 10
[INR/shares] 10
[INR/shares] 0
[INR/shares] 0
[shares] 0
[shares] 0
[shares] 26,25,000
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 26,25,000
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 0
[shares] 26,25,000
[shares] 0
[shares] 26,25,000
[shares] 26,25,000
[shares] 0
[shares] 26,25,000
[shares] 1,81,32,332 [shares] 1,55,07,332 [shares] 1,81,32,332 [shares] 1,81,32,332
0
0
26,250
0
0
0
0
0
26,250
0
0
0
0
0
0
0
0
0
26,250
0
26,250
0
1,81,323.32
26,250
1,81,323.32
26,250
1,81,323.32
[shares] 1,72,82,332
[shares] 8,50,000
27
1,55,073.32
[shares] 1,72,82,332 [shares] 1,72,82,332
[shares] 8,50,000
[shares] 8,50,000
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Total shares in company held by holding company
or ultimate holding company or by its
subsidiaries or associates
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Total application money received for
allotment of securities and due for refund
and interest accrued thereon
[shares] 1,81,32,332
[shares] 1,81,32,332 [shares] 1,81,32,332
0
0
0
Disclosure of classes of share capital [Table]
..(3)
Unless otherwise specified, all monetary values are in Thousands of INR
Equity shares 1
[Member]
Classes of share capital [Axis]
31/03/2021
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Reconciliation of number of shares outstanding [Abstract]
Number of shares outstanding at end of period
Reconciliation of value of shares outstanding [Abstract]
Share capital at end of period
[shares] 1,55,07,332
1,55,073.32
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Textual information
[See below]
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
shares in company
Number of persons on private placement of equity share
Number of persons on private placement of preference share
Number of shareholders of company
Whether money raised from public offering during year
Amount raised from public offering during year
Amount utilised towards specified purposes for public offering
Amount remaining unutilised received in respect of public offering
01/04/2021
to
31/03/2022
(4)
Yes
Yes
0
0
2
No
No
0
0
0
28
0
0
2
0
0
0
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Textual information (4)
Disclosure of notes on share capital explanatory [Text Block]
Note-1 Share Capital
(All Amounts are Indian Rupees thousands Except for share information or as otherwise stated)
As at
2023
Particulars
31st March
As at
2022
31st March
1 Share Capital
Authorized Share Capital
2,50,00,000 (previous year: 2,50,00,000) equity shares of Rs 10/each.
2,50,000
2,50,000
1,8132,332 (previous year: 1,55,07,332) equity shares of Rs 10/each, fully paid-up
1,81,323
1,81,323
Total
1,81,323
1,81,323
Issued, Subscribed And Paid-Up
(a) Reconciliation of the Equity shares outstanding at the beginning and at the end of reporting period
Particulars
As at 31st March, 2023 As at 31st March, 2023 As at 31st March, 2022 As at 31st March, 2022
No. of shares
(Amount in 000's)
Shares
(Amount in 000's)
At beginning of year
1,81,32,332
1,81,323
1,55,07,332
1,55,073
Issued during the year
-
-
26,25,000
26,250
Bought back during the year -
-
-
-
Outstanding at end of year
1,81,323
1,81,32,332
1,81,323
1,81,32,332
(b) List of persons holding more than 5 percent of the total equity shares of the Company
Name of the share holder
As at 31st March
2023
As at 31st March
2023
As at 31st March
2022
As at 31st March
2022
No. of shares
% holding
No. of shares
% holding
Severin Ahlmann Holding GmbH,
29
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Germany
1,72,82,332
95%
1,72,82,332
95%
Plastmo GmbH, Germany
8,50,000
5%
8,50,000
5%
Total
1,81,32,332
100%
1,81,32,332
100%
(c) Terms / Rights attached to equity shares
The Company has only one class of equity share having a par value of Rs.10/- per share. Each holder of equity share is entitled to one vote
per share.
In the event of liquidation of the Company, the holders of equity shares would be entitled to receive remaining assets of the Company, after
distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
(d) Shares held by holding / ultimate holding company and/or their subsidiaries / associates
As at 31st March,
2023
As at 31st March,
2023
No. of shares
(Amount in 000's) No. of shares
(Amount in 000's)
1,72,82,332
1,72,823.32
1,72,82,332
1,72,823.32
Plastmo GmbH, Germany
8,50,000
8,500.00
8,50,000
8,500.00
Total
1,81,32,332
1,81,323.32
1,81,32,332
1,81,323.32
Equity Shares
As at 31st March,
2022
As at 31st March,
2022
Shares held by the holding company:
Severin Ahlmann Holding GmbH, Germany
Shares held by subsidiary of ultimate holding
company:
(e) Shares held by Promotors
As at 31st March,
2023
As at 31st March,
2023
As at 31st March,
2022
As at 31st March,
2022
No. of shares
% holding
No. of shares
% holding
Severin Ahlmann Holding GmbH,
Germany
1,72,82,332
95%
1,72,82,332
95%
Plastmo GmbH, Germany
8,50,000
5%
8,50,000
5%
Total
1,81,32,332
100%
1,81,32,332
100%
Name of the share holder
* There is no Change in Promoter's Shareholding during the Current year
30
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Components of reserves [Axis]
Capital reserves
[Member]
Reserves [Member]
01/04/2022
to
31/03/2023
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period
Other additions to reserves
Total additions to reserves
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Other appropriations
Transfer to general reserve
Total appropriations for dividend,
dividend tax and general reserve
Appropriation towards bonus shares
Total changes in reserves
Reserves at end of period
01/04/2021
to
31/03/2022
01/04/2022
to
31/03/2023
31/03/2021
30,782
0
30,782
23,329
0
23,329
0
0
0
0
0
0
0
0
0
0
0
0
0
30,782
-41,427
0
23,329
-72,209
0
0
2,368
-95,538
Statement of changes in reserves [Table]
..(2)
Unless otherwise specified, all monetary values are in Thousands of INR
Components of reserves [Axis]
Capital reserves [Member]
01/04/2021
to
31/03/2022
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period
Other additions to reserves
Total additions to reserves
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Other appropriations
Transfer to general reserve
Total appropriations for dividend,
dividend tax and general reserve
Appropriation towards bonus shares
Total changes in reserves
Reserves at end of period
Surplus [Member]
31/03/2021
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
0
0
0
30,782
0
30,782
23,329
0
23,329
0
0
0
0
0
0
0
0
0
0
0
2,368
0
30,782
-43,795
0
23,329
-74,577
2,368
Statement of changes in reserves [Table]
..(3)
Unless otherwise specified, all monetary values are in Thousands of INR
Components of reserves [Axis]
Surplus [Member]
31/03/2021
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Reserves at end of period
-97,906
31
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
[201000] Notes - Tangible assets
Disclosure of tangible assets [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and
gross carrying amount [Axis]
Company total tangible assets [Member]
Owned and leased assets [Member]
Carrying amount [Member]
01/04/2022
to
31/03/2023
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Acquisitions through
business combinations
tangible assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Revaluation increase
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
through demergers
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences
tangible assets
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period
01/04/2021
to
31/03/2022
Gross carrying amount [Member]
31/03/2021
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
2,753
665.57
2,753
665.57
0
0
0
0
-2,087
-1,617.96
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-2
-0.16
0
0
-2
-0.16
0
0
664
-952.55
2,753
665.57
4,723
4,059
16,715.3
13,962.3
32
5,011.55
13,296.73
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of tangible assets [Table]
..(2)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and
gross carrying amount [Axis]
Company total tangible assets [Member]
Owned and leased assets [Member]
Accumulated depreciation and impairment
[Member]
01/04/2022
to
31/03/2023
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Acquisitions through
business combinations
tangible assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Revaluation increase
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
through demergers
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences
tangible assets
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period
01/04/2021
to
31/03/2022
31/03/2021
Plant and equipment [Member]
Owned assets [Member]
Carrying amount [Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
897
18.75
0
0
2,087
1,617.96
-525
-360.63
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
0.16
-1
0.01
2
0.16
-1
0.01
2,089
1,618.12
371
-341.87
11,992.3
9,903.3
1,684
1,313
33
8,285.18
1,654.87
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of tangible assets [Table]
..(3)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and
gross carrying amount [Axis]
Plant and equipment [Member]
Owned assets [Member]
Accumulated depreciation and impairment
Gross carrying amount [Member]
[Member]
01/04/2022
to
31/03/2023
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Acquisitions through
business combinations
tangible assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Revaluation increase
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
through demergers
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences
tangible assets
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period
01/04/2021
to
31/03/2022
31/03/2021
897
18.75
0
0
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
525
360.63
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
-0.01
0
0
1
-0.01
897
18.75
526
360.62
3,959.54
3,062.54
2,275.54
1,749.54
34
3,043.79
1,388.92
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of tangible assets [Table]
..(4)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and
gross carrying amount [Axis]
Other plant and equipment [Member]
Owned assets [Member]
Carrying amount [Member]
01/04/2022
to
31/03/2023
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Acquisitions through
business combinations
tangible assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Revaluation increase
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
through demergers
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences
tangible assets
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period
01/04/2021
to
31/03/2022
Gross carrying amount [Member]
31/03/2021
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
897
18.75
897
18.75
0
0
0
0
-525
-360.63
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1
0.01
0
0
-1
0.01
0
0
371
-341.87
897
18.75
1,684
1,313
3,959.54
3,062.54
35
1,654.87
3,043.79
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of tangible assets [Table]
..(5)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and
gross carrying amount [Axis]
Other plant and equipment [Member]
Owned assets [Member]
Accumulated depreciation and impairment
[Member]
01/04/2022
to
31/03/2023
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Acquisitions through
business combinations
tangible assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Revaluation increase
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
through demergers
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences
tangible assets
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period
01/04/2021
to
31/03/2022
31/03/2021
Furniture and fixtures [Member]
Owned assets [Member]
Carrying amount [Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
242
0
0
0
525
360.63
-174
-197.27
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
-0.01
0
-0.24
1
-0.01
0
-0.24
526
360.62
68
-197.51
2,275.54
1,749.54
612
544
36
1,388.92
741.51
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of tangible assets [Table]
..(6)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and
gross carrying amount [Axis]
Furniture and fixtures [Member]
Owned assets [Member]
Accumulated depreciation and impairment
Gross carrying amount [Member]
[Member]
01/04/2022
to
31/03/2023
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Acquisitions through
business combinations
tangible assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Revaluation increase
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
through demergers
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences
tangible assets
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period
01/04/2021
to
31/03/2022
31/03/2021
242
0
0
0
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
174
197.27
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.24
0
0
0
0.24
242
0
174
197.51
1,429.6
1,187.6
817.6
643.6
37
1,187.6
446.09
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of tangible assets [Table]
..(7)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and
gross carrying amount [Axis]
Vehicles [Member]
Owned assets [Member]
Carrying amount [Member]
01/04/2022
to
31/03/2023
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Acquisitions through
business combinations
tangible assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Revaluation increase
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
through demergers
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences
tangible assets
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period
01/04/2021
to
31/03/2022
Gross carrying amount [Member]
31/03/2021
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
0
0
0
0
0
0
0
0
-316
-519.89
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.02
0
0
0
0.02
0
0
-316
-519.87
0
0
487
803
2,827.91
2,827.91
38
1,322.87
2,827.91
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of tangible assets [Table]
..(8)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and
gross carrying amount [Axis]
Vehicles [Member]
Owned assets [Member]
Accumulated depreciation and impairment
[Member]
01/04/2022
to
31/03/2023
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Acquisitions through
business combinations
tangible assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Revaluation increase
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
through demergers
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences
tangible assets
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period
01/04/2021
to
31/03/2022
31/03/2021
Motor vehicles [Member]
Owned assets [Member]
Carrying amount [Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
0
0
0
0
316
519.89
-316
-519.89
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-0.02
0
0.02
0
-0.02
0
0.02
316
519.87
-316
-519.87
2,340.91
2,024.91
487
803
39
1,505.04
1,322.87
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of tangible assets [Table]
..(9)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and
gross carrying amount [Axis]
Motor vehicles [Member]
Owned assets [Member]
Accumulated depreciation and impairment
Gross carrying amount [Member]
[Member]
01/04/2022
to
31/03/2023
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Acquisitions through
business combinations
tangible assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Revaluation increase
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
through demergers
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences
tangible assets
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period
01/04/2021
to
31/03/2022
31/03/2021
0
0
0
0
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
316
519.89
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-0.02
0
0
0
-0.02
0
0
316
519.87
2,827.91
2,827.91
2,340.91
2,024.91
40
2,827.91
1,505.04
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of tangible assets [Table]
..(10)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and
gross carrying amount [Axis]
Office equipment [Member]
Owned assets [Member]
Carrying amount [Member]
01/04/2022
to
31/03/2023
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Acquisitions through
business combinations
tangible assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Revaluation increase
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
through demergers
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences
tangible assets
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period
01/04/2021
to
31/03/2022
Gross carrying amount [Member]
31/03/2021
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
180
145.72
180
145.72
0
0
0
0
-185
-136.8
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.1
0
0
0
0.1
0
0
-5
9.02
180
145.72
232
237
1,154.84
974.84
41
227.98
829.12
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of tangible assets [Table]
..(11)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and
gross carrying amount [Axis]
Office equipment [Member]
Owned assets [Member]
Accumulated depreciation and impairment
[Member]
01/04/2022
to
31/03/2023
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Acquisitions through
business combinations
tangible assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Revaluation increase
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
through demergers
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences
tangible assets
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period
01/04/2021
to
31/03/2022
31/03/2021
Computer equipments [Member]
Owned assets [Member]
Carrying amount [Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
1,434
501.1
0
0
185
136.8
-780
-258.93
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-0.1
-1
0.39
0
-0.1
-1
0.39
185
136.7
653
242.56
922.84
737.84
1,402
749
42
601.14
506.44
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of tangible assets [Table]
..(12)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and
gross carrying amount [Axis]
Computer equipments [Member]
Owned assets [Member]
Accumulated depreciation and impairment
Gross carrying amount [Member]
[Member]
01/04/2022
to
31/03/2023
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Acquisitions through
business combinations
tangible assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Revaluation increase
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
through demergers
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences
tangible assets
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period
01/04/2021
to
31/03/2022
31/03/2021
1,434
501.1
0
0
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
780
258.93
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
-0.39
0
0
1
-0.39
1,434
501.1
781
258.54
6,578.58
5,144.58
5,176.58
4,395.58
43
4,643.48
4,137.04
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of tangible assets [Table]
..(13)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and
gross carrying amount [Axis]
Other tangible assets [Member]
Owned assets [Member]
Carrying amount [Member]
01/04/2022
to
31/03/2023
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Acquisitions through
business combinations
tangible assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Revaluation increase
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
through demergers
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences
tangible assets
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period
01/04/2021
to
31/03/2022
Gross carrying amount [Member]
31/03/2021
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
0
0
0
0
0
0
0
0
-107
-144.44
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-0.44
0
0
0
-0.44
0
0
-107
-144.88
0
0
306
413
764.83
764.83
44
557.88
764.83
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of tangible assets [Table]
..(14)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and
gross carrying amount [Axis]
Other tangible assets [Member]
Owned assets [Member]
Accumulated depreciation and impairment
[Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
Other tangible assets, others [Member]
Owned assets [Member]
Carrying amount [Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Electrical
Installations
Nature of other tangible assets
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Acquisitions through
business combinations
tangible assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Revaluation increase
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
through demergers
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences
tangible assets
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period
Electrical
Installations
0
0
0
0
107
144.44
-107
-144.44
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.44
0
-0.44
0
0.44
0
-0.44
107
144.88
-107
-144.88
458.83
351.83
306
413
45
206.95
557.88
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of tangible assets [Table]
..(15)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Carrying amount accumulated depreciation and
gross carrying amount [Axis]
Other tangible assets, others [Member]
Owned assets [Member]
Accumulated depreciation and impairment
Gross carrying amount [Member]
[Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Nature of other tangible assets
Reconciliation of changes in
tangible assets [Abstract]
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible
assets
Acquisitions through
business combinations
tangible assets
Depreciation tangible assets
Impairment loss
recognised in profit or
loss tangible assets
Reversal of impairment loss
recognised in profit or loss
tangible assets
Revaluation increase
(decrease) tangible assets
Disposals tangible assets
[Abstract]
Disposals tangible assets
through demergers
Disposals tangible assets,
others
Total disposals tangible
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences
tangible assets
Other adjustments tangible
assets, others
Total other adjustments
tangible assets
Total changes in tangible
assets
Tangible assets at end of period
Electrical
Installations
Electrical
Installations
Electrical
Installations
0
0
0
0
Electrical
Installations
107
144.44
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.44
0
0
0
0.44
0
0
107
144.88
764.83
764.83
458.83
351.83
764.83
Disclosure of additional information tangible assets [Table]
206.95
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Company total tangible assets
[Member]
Owned and leased assets
[Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
Plant and equipment [Member]
Other plant and equipment
[Member]
Owned assets [Member]
Owned assets [Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
Disclosure of additional information
tangible assets [Abstract]
Disclosure of additional information
tangible assets [LineItems]
Written down Written down
value method
value method
As prescribed As prescribed
under Part C of under Part C of
schedule II of schedule II of
the Companies the Companies
Act, 2013
Act, 2013
Depreciation method tangible assets
Useful lives or depreciation rates
tangible assets
46
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of additional information tangible assets [Table]
..(2)
Unless otherwise specified, all monetary values are in Thousands of INR
Furniture and fixtures
[Member]
Owned assets [Member]
Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
Office equipment [Member]
Owned assets [Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
Computer equipments
[Member]
Owned assets [Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
Disclosure of additional information
tangible assets [Abstract]
Disclosure of additional information
tangible assets [LineItems]
Written down Written down Written down Written down Written down Written down
value method
value method
value method
value method
value method
value method
As prescribed As prescribed As prescribed As prescribed As prescribed As prescribed
under Part C of under Part C of under Part C of under Part C of under Part C of under Part C of
schedule II of schedule II of schedule II of schedule II of schedule II of schedule II of
the Companies the Companies the Companies the Companies the Companies the Companies
Act, 2013
Act, 2013
Act, 2013
Act, 2013
Act, 2013
Act, 2013
Depreciation method tangible assets
Useful lives or depreciation rates
tangible assets
Disclosure of additional information tangible assets [Table]
..(3)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of tangible assets [Axis]
Sub classes of tangible assets [Axis]
Other tangible assets [Member]
Owned assets [Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
Other tangible assets, others [Member]
Owned assets [Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
Disclosure of additional information tangible assets
[Abstract]
Disclosure of additional information tangible assets
[LineItems]
Written down value Written down value
method
method
As prescribed under As prescribed under
Part C of schedule Part C of schedule II
II of the Companies of the Companies
Act, 2013
Act, 2013
Depreciation method tangible assets
Useful lives or depreciation rates tangible assets
[201100] Notes - Intangible assets
Disclosure of additional information intangible assets [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of intangible assets [Axis]
Sub classes of intangible assets [Axis]
Company total intangible assets
Other intangible assets
Computer software [Member]
[Member]
[Member]
Internally generated and other
Intangible assets other than
Intangible assets other than
than internally generated
internally generated [Member] internally generated [Member]
intangible assets [Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
Disclosure of additional information
intangible assets [Abstract]
Disclosure of additional information
intangible assets [LineItems]
Useful lives or amortization rates
intangible assets
01/04/2022
to
31/03/2023
39.30%
01/04/2021
to
31/03/2022
39.30%
Intangible assets Intangible assets
are amortized are amortized
over
their over
their
respective useful respective useful
life.
life.
Description of amortization method
used
47
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of additional information intangible assets [Table]
..(2)
Unless otherwise specified, all monetary values are in Thousands of INR
Other intangible assets, others
[Member]
Intangible assets other than internally
generated [Member]
Classes of intangible assets [Axis]
Sub classes of intangible assets [Axis]
01/04/2022
to
31/03/2023
Disclosure of additional information intangible assets [Abstract]
Disclosure of additional information intangible assets [LineItems]
Useful lives or amortization rates intangible assets
01/04/2021
to
31/03/2022
39.30%
39.30%
Intangible assets are
Intangible assets are
amortized over their
amortized over their
respective useful
respective useful life.
life.
Description of amortization method used
48
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of intangible assets [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of intangible assets [Axis]
Sub classes of intangible assets [Axis]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]
Company total intangible assets [Member]
Internally generated and other than internally generated intangible assets [Member]
Carrying amount [Member]
01/04/2022
to
31/03/2023
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
development
Additions other than through
business combinations
intangible assets
Acquisitions through
business combinations
intangible assets
Total additions to
intangible assets
Amortization intangible assets
Impairment loss
recognised in profit or
loss intangible assets
Reversal of impairment loss
recognised in profit or loss
intangible assets
Revaluation increase
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
assets through demergers
Disposals intangible
assets, others
Total disposals intangible
assets
Retirements of intangible
assets
Other adjustments intangible
assets [Abstract]
Increase (decrease) through
net exchange differences
intangible assets
Other adjustments
intangible assets, others
Total other adjustments
intangible assets
Total changes in intangible
assets
Intangible assets at end of period
01/04/2021
to
31/03/2022
Gross carrying amount [Member]
31/03/2021
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-75
-122.56
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0.06
0
0
1
0.06
0
0
-74
-122.5
0
0
15
89
2,060.57
2,060.57
49
211.5
2,060.57
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of intangible assets [Table]
..(2)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of intangible assets [Axis]
Sub classes of intangible assets [Axis]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]
Company total intangible assets [Member]
Internally generated and other than internally
generated intangible assets [Member]
Accumulated amortization and impairment
[Member]
01/04/2022
to
31/03/2023
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
development
Additions other than through
business combinations
intangible assets
Acquisitions through
business combinations
intangible assets
Total additions to
intangible assets
Amortization intangible assets
Impairment loss
recognised in profit or
loss intangible assets
Reversal of impairment loss
recognised in profit or loss
intangible assets
Revaluation increase
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
assets through demergers
Disposals intangible
assets, others
Total disposals intangible
assets
Retirements of intangible
assets
Other adjustments intangible
assets [Abstract]
Increase (decrease) through
net exchange differences
intangible assets
Other adjustments
intangible assets, others
Total other adjustments
intangible assets
Total changes in intangible
assets
Intangible assets at end of period
01/04/2021
to
31/03/2022
31/03/2021
Computer software [Member]
Intangible assets other than internally
generated [Member]
Carrying amount [Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
0
0
0
0
0
0
0
0
75
122.56
-74
-121.51
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1
-0.06
1
-0.32
-1
-0.06
1
-0.32
74
122.5
-73
-121.83
2,045.57
1,971.57
14
87
50
1,849.07
208.83
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of intangible assets [Table]
..(3)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of intangible assets [Axis]
Sub classes of intangible assets [Axis]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]
Computer software [Member]
Intangible assets other than internally generated [Member]
Accumulated amortization and impairment
Gross carrying amount [Member]
[Member]
01/04/2022
to
31/03/2023
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
development
Additions other than through
business combinations
intangible assets
Acquisitions through
business combinations
intangible assets
Total additions to
intangible assets
Amortization intangible assets
Impairment loss
recognised in profit or
loss intangible assets
Reversal of impairment loss
recognised in profit or loss
intangible assets
Revaluation increase
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
assets through demergers
Disposals intangible
assets, others
Total disposals intangible
assets
Retirements of intangible
assets
Other adjustments intangible
assets [Abstract]
Increase (decrease) through
net exchange differences
intangible assets
Other adjustments
intangible assets, others
Total other adjustments
intangible assets
Total changes in intangible
assets
Intangible assets at end of period
01/04/2021
to
31/03/2022
31/03/2021
0
0
0
0
0
0
0
0
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
74
121.51
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1
0.32
0
0
-1
0.32
0
0
73
121.83
1,884.69
1,884.69
1,870.69
1,797.69
51
1,884.69
1,675.86
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of intangible assets [Table]
..(4)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of intangible assets [Axis]
Sub classes of intangible assets [Axis]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]
Other intangible assets [Member]
Intangible assets other than internally generated [Member]
Carrying amount [Member]
01/04/2022
to
31/03/2023
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
development
Additions other than through
business combinations
intangible assets
Acquisitions through
business combinations
intangible assets
Total additions to
intangible assets
Amortization intangible assets
Impairment loss
recognised in profit or
loss intangible assets
Reversal of impairment loss
recognised in profit or loss
intangible assets
Revaluation increase
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
assets through demergers
Disposals intangible
assets, others
Total disposals intangible
assets
Retirements of intangible
assets
Other adjustments intangible
assets [Abstract]
Increase (decrease) through
net exchange differences
intangible assets
Other adjustments
intangible assets, others
Total other adjustments
intangible assets
Total changes in intangible
assets
Intangible assets at end of period
01/04/2021
to
31/03/2022
Gross carrying amount [Member]
31/03/2021
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
31/03/2021
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1
-1.05
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.38
0
0
0
0.38
0
0
-1
-0.67
0
0
1
2
175.88
175.88
52
2.67
175.88
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of intangible assets [Table]
..(5)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of intangible assets [Axis]
Sub classes of intangible assets [Axis]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]
Other intangible assets [Member]
Intangible assets other than internally generated
[Member]
Accumulated amortization and impairment
[Member]
01/04/2022
to
31/03/2023
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Nature of other intangible assets
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
development
Additions other than through
business combinations
intangible assets
Acquisitions through
business combinations
intangible assets
Total additions to
intangible assets
Amortization intangible assets
Impairment loss
recognised in profit or
loss intangible assets
Reversal of impairment loss
recognised in profit or loss
intangible assets
Revaluation increase
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
assets through demergers
Disposals intangible
assets, others
Total disposals intangible
assets
Retirements of intangible
assets
Other adjustments intangible
assets [Abstract]
Increase (decrease) through
net exchange differences
intangible assets
Other adjustments
intangible assets, others
Total other adjustments
intangible assets
Total changes in intangible
assets
Intangible assets at end of period
01/04/2021
to
31/03/2022
31/03/2021
Other intangible assets, others [Member]
Intangible assets other than internally
generated [Member]
Carrying amount [Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
Website
31/03/2021
Website
0
0
0
0
0
0
0
0
1
1.05
-1
-1.05
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-0.38
0
0.38
0
-0.38
0
0.38
1
0.67
-1
-0.67
174.88
173.88
1
2
53
173.21
2.67
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of intangible assets [Table]
..(6)
Unless otherwise specified, all monetary values are in Thousands of INR
Classes of intangible assets [Axis]
Sub classes of intangible assets [Axis]
Carrying amount accumulated amortization and
impairment and gross carrying amount [Axis]
Other intangible assets, others [Member]
Intangible assets other than internally generated [Member]
Accumulated amortization and impairment
Gross carrying amount [Member]
[Member]
01/04/2022
to
31/03/2023
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets
[LineItems]
Nature of other intangible assets
Reconciliation of changes in
intangible assets [Abstract]
Changes in intangible assets
[Abstract]
Additions to intangible assets
[Abstract]
Additions through internal
development
Additions other than through
business combinations
intangible assets
Acquisitions through
business combinations
intangible assets
Total additions to
intangible assets
Amortization intangible assets
Impairment loss
recognised in profit or
loss intangible assets
Reversal of impairment loss
recognised in profit or loss
intangible assets
Revaluation increase
(decrease) intangible assets
Disposals intangible assets
[Abstract]
Disposals intangible
assets through demergers
Disposals intangible
assets, others
Total disposals intangible
assets
Retirements of intangible
assets
Other adjustments intangible
assets [Abstract]
Increase (decrease) through
net exchange differences
intangible assets
Other adjustments
intangible assets, others
Total other adjustments
intangible assets
Total changes in intangible
assets
Intangible assets at end of period
01/04/2021
to
31/03/2022
Website
31/03/2021
Website
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
Website
0
0
0
0
0
0
0
0
31/03/2021
Website
1
1.05
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-0.38
0
0
0
-0.38
0
0
1
0.67
175.88
175.88
174.88
173.88
175.88
173.21
[200400] Notes - Non-current investments
Unless otherwise specified, all monetary values are in Thousands of INR
31/03/2023
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments
Market value of quoted non-current investments
Aggregate amount of unquoted non-current investments
Aggregate provision for diminution in value of non-current investments
54
31/03/2022
0
0
0
0
0
0
0
0
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
[200500] Notes - Current investments
Unless otherwise specified, all monetary values are in Thousands of INR
31/03/2023
Disclosure of notes on current investments explanatory [TextBlock]
Aggregate amount of quoted current investments
Market value of quoted current investments
Aggregate amount of unquoted current investments
Aggregate provision for diminution in value of current investments
31/03/2022
0
0
0
0
0
0
0
0
[200600] Notes - Subclassification and notes on liabilities and assets
Subclassification of trade receivables [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Classification of assets based on security [Axis]
Classification of assets based on security
[Member]
31/03/2023
Subclassification and notes on liabilities and assets
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross
Allowance for bad and doubtful debts
Total trade receivables
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors
Trade receivables due by other officers
Trade receivables due by others
Total trade receivables due by
directors, other officers or
others
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Total trade receivables due by firms
or companies in which any director is
partner or director
70,723
7,306
63,417
55
31/03/2022
47,997
3,027
44,970
Secured considered good [Member]
31/03/2023
31/03/2022
2,641
0
2,641
0
0
0
0
0
2,641
0
0
0
2,641
0
0
0
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Subclassification of trade receivables [Table]
..(2)
Unless otherwise specified, all monetary values are in Thousands of INR
Classification of assets based on security [Axis]
Unsecured considered good [Member]
31/03/2023
Subclassification and notes on liabilities and assets [Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross
Allowance for bad and doubtful debts
Total trade receivables
Details of trade receivables due by directors, other officers or others
[Abstract]
Trade receivables due by directors
Trade receivables due by other officers
Trade receivables due by others
Total trade receivables due by directors, other officers or others
Details of trade receivables due by firms or companies in which any
director is partner or director [Abstract]
Total trade receivables due by firms or companies in which any
director is partner or director
31/03/2022
68,082
7,306
60,776
47,997
3,027
44,970
0
0
68,082
68,082
0
0
47,997
47,997
0
0
Classification of inventories [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Classification of inventories [Axis]
Company total inventories [Member]
01/04/2022
to
31/03/2023
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories
1,65,495
Mode of valuation
56
01/04/2021
to
31/03/2022
1,13,649
Stock-in-trade [Member]
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
1,65,495
1,13,649
Valued
and
Valued and certified
certified by the
by the Management
Management
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Loans and advances [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Classification based on time period [Axis]
Classification of loans and advances [Axis]
Classification of assets based on security [Axis]
Short-term [Member]
Loans advances given suppliers
Loans advances given employees
[Member]
[Member]
Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2023
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross
Allowance for bad and doubtful loans and
advances
Loans and advances
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors
Loans and advances due by other officers
Loans and advances due by others
Total loans and advances due by
directors, other officers or others
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Total loans and advances due
by firms or companies in which
any director is partner or
director
31/03/2022
31/03/2023
31/03/2022
13
7
2
30
0
0
0
0
13
7
2
30
0
0
13
0
0
7
0
0
2
0
0
30
13
7
2
30
0
0
0
0
Loans and advances [Table]
..(2)
Unless otherwise specified, all monetary values are in Thousands of INR
Classification based on time period [Axis]
Classification of loans and advances [Axis]
Classification of assets based on security [Axis]
Short-term [Member]
Deposits with statutory authorities
Prepaid expenses [Member]
[Member]
Unsecured considered good [Member] Unsecured considered good [Member]
31/03/2023
Subclassification and notes on liabilities and assets
[Abstract]
Loans and advances notes [Abstract]
Loans and advances [Abstract]
Disclosure of loans and advances [LineItems]
Loans and advances, gross
Allowance for bad and doubtful loans and
advances
Loans and advances
Details of loans and advances due by
directors, other officers or others
[Abstract]
Loans and advances due by directors
Loans and advances due by other officers
Loans and advances due by others
Total loans and advances due by
directors, other officers or others
Details of loans and advances due by firms
or companies in which any director is
partner or director [Abstract]
Total loans and advances due
by firms or companies in which
any director is partner or
director
57
31/03/2022
31/03/2023
31/03/2022
1,756
1,776
10,544
525
0
0
0
0
1,756
1,776
10,544
525
0
0
1,756
0
0
1,776
0
0
10,544
0
0
525
1,756
1,776
10,544
525
0
0
0
0
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of breakup of provisions [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Classification based on time period [Axis]
Long-term [Member]
31/03/2023
Subclassification and notes on liabilities and assets
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity
Provision leave encashment
Provision other employee related
liabilities
Total provisions for employee benefits
CSR expenditure provision
Other provisions
Total provisions
2,831
1,047
Short-term [Member]
31/03/2022
31/03/2023
2,196
798
3,878
0
2,994
0
3,878
2,994
31/03/2022
130
59
99
44
2,297
5,893
2,486
0
11,103
13,589
6,036
0
5,506
11,542
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term
Total other long-term liabilities
Nature of other provisions
Disclosure of notes on other current liabilities explanatory
[TextBlock]
Interest accrued but not due on borrowings
Interest accrued and due on borrowings
Interest accrued but not due on public deposits
Interest accrued and due on public deposits
Debentures claimed but not paid
Unpaid dividends
Unpaid matured deposits and interest accrued thereon
Unpaid matured debentures and interest accrued thereon
Public deposit payable, current
Advance received from customers
Current liabilities portion of share application money pending
allotment
Other current liabilities, others
Total other current liabilities
Other non-current assets, others
Total other non-current assets
Nature of other non-current assets, others
01/04/2021
to
31/03/2022
0
0
Provision for expenses
0
0
Provision for expenses
Textual information (5)
[See below]
0
0
0
0
0
0
0
0
0
12,808
0
0
0
0
0
0
0
0
0
9,510
0
0
1,673.68
14,481.68
1,669
1,669
3,040.68
12,550.68
1,642
1,642
Security Deposits
Textual information (6)
[See below]
Disclosure of notes on trade receivables explanatory [TextBlock]
Aggregate amount of trade receivables outstanding for period
exceeding six months
Fixed deposits with banks
Other deposits with banks
Other balances with banks
Total balance with banks
Cash on hand
Total cash and cash equivalents
Total cash and bank balances
Total balances held with banks to extent held as
margin money or security against borrowings,
guarantees or other commitments
Bank deposits with more than twelve months maturity
58
Security Deposits
683
5,411
0
24,486
26,541
51,027
0
51,027
51,027
0
25,120
10,914
36,034
0
36,034
36,034
0
0
0
0
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Textual information (5)
Disclosure of notes on other current liabilities explanatory [Text Block]
5
Other Current Liabilities
As at
31-Mar-2023
As at
31-Mar-2022
Advance from Customer
12,808
9,510
Statutory Remittances
1,375
2,707
Other Liabilities
299
334
Total
14,482
12,551
59
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Textual information (6)
Disclosure of notes on trade receivables explanatory [Text Block]
Note -10 - Trade Receivables
(All Amounts are Indian Rupees thousands Except for share information or as otherwise stated)
As on
31-03-2023
As on
31-03-2022
Trade Receivable Considered Good-Secured
2,641
-
Trade Receivable Considered Good-Unsecured
68,082
47,997
Provision for Bad debts
(7,306)
(3,027)
Total
63,417
44,970
Particulars
Trade Receivables
Ageing of Trade Receivables as on 31st March,2023
Outstanding for following periods from due date
of payment
Less than 6
months
6 months - 1
year
1-2
years
2-3
years
67,088
1,365
2,270
-
Provision for bad Debts
(4,353)
(683)
(2,270)
Net Trade receivable
62,735
683
-
More than 3
years
Total
Billed receivables:
Undisputed receivables:
(a) Considered good
70,723
(b) Considered doubtful
Disputed receivables:
(a) Considered good
(b) Considered doubtful
Unbilled receivables
Ageing of Trade Receivables as on 31st March,2022
60
(7,306)
-
-
63,418
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Outstanding for following periods from due date
of payment
Less than 6
months
6 months - 1
year
1-2
years
2-3
years
More than 3
years
Total
40,059
1,417
6,043
-
-
47,519
478
478
(478)
(3,027)
-
44,970
Billed receivables:
Undisputed receivables:
(a) Considered good
(b) Considered doubtful
Disputed receivables:
(a) Considered good
(b) Considered doubtful
Unbilled receivables
Provision for bad Debts
(500)
(601)
(1,448)
Net Trade recevable
39,559
816
4,595
-
[200700] Notes - Additional disclosures on balance sheet
Details of disclosures required under MSMED Act 2006 [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Micro small medium enterprises [Axis]
MSME
01/04/2021
to
31/03/2022
Additional balance sheet notes [Abstract]
Details of disclosures required under MSMED Act 2006 [Abstract]
Details of disclosures required under MSMED Act 2006 [LineItems]
Principal and interest due remaining unpaid [Abstract]
Principal due remaining unpaid
Interest due remaining unpaid
Total principal and interest due remaining unpaid
Amount of interest paid under MSMED Act 2006
Amount of payments made to supplier beyond due date during year
Amount of interest due and payable for period
Amount of interest accrued and remaining unpaid at end of accounting year
Amount of further interest due and payable even in succeeding year
Maximum amount outstanding for period from micro small medium enterprises
Name supplier being micro small medium enterprises
61
35,64,46,848
0
35,64,46,848
0
0
0
0
0
0
0
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Disclosure of additional balance sheet notes explanatory [TextBlock]
Total contingent liabilities and commitments
Amount of dividends proposed to be distributed to equity shareholders
Amount of per share dividend proposed to be distributed to equity
shareholders
Percentage of share capital held by foreign company
Value of share capital held by foreign company
Percentage of paid-up capital held by foreign holding company and
or with its subsidiaries
Value of paid-up capital held by foreign holding company and or
with its subsidiaries
Number of shareholders promoters
Total number of shareholders promoters and public
Deposits accepted or renewed during period
Deposits matured and claimed but not paid during period
Deposits matured and claimed but not paid
Deposits matured but not claimed
Interest on deposits accrued and due but not paid
Share application money received during year
Share application money paid during year
Amount of share application money received back during year
Amount of share application money repaid returned back during year
Number of person share application money paid during year
Number of person share application money received during year
Number of person share application money paid as at end of year
Number of person share application money received as at end of year
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules,
2014
Unclaimed share application refund money
Unclaimed matured debentures
Unclaimed matured deposits
Interest unclaimed amount
Number of warrants converted into equity shares during period
Number of warrants converted into preference shares during period
Number of warrants converted into debentures during period
Number of warrants issued during period (in foreign currency)
Number of warrants issued during period (INR)
01/04/2021
to
31/03/2022
0
0
0
0
[INR/shares] 0
[INR/shares] 0
5.00%
8,500
5.00%
8,500
95.00%
95.00%
1,72,823.32
1,72,823.32
2
2
0
0
0
0
0
0
0
0
0
0
0
0
0
2
2
0
0
0
0
0
26,250
0
0
0
0
0
0
0
No
No
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Disclosure of accounting policies, change in accounting policies and
changes in estimates explanatory [TextBlock]
Textual
information
[See below]
62
(7)
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Textual information (7)
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
23.1 Notes on accounting Standards Prescribed by The Institute of Chartered Accountants of India
ACCOUNTING STANDARD (1) - Disclosure of Accounting Policies
Basis of preparation of financial statements
These financial statements are prepared in accordance with Indian Generally Accepted Accounting Principles (GAAP)
in India under the historical cost convention on the accrual basis of accounting. GAAP comprises mandatory Accounting
Standards (AS) as prescribed under Section 133 of the Companies Act, 2013 (‘Act’) read with Rule 7 of the Companies
(Accounts) Rules, 2014, the provisions of the Act and guidelines issued by the Securities and Exchange Board of India
(SEBI). Accounting policies have been consistently applied except where a newly issued accounting standard is initially
adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use.
Use of estimates
The preparation of financial statements in conformity with generally accepted accounting principles in India requires
Management to make estimates and assumptions that affect the reported amounts of assets and liabilities, income and
expenses and the disclosure relating to contingent liabilities on the date of the financial statements. Actual results could
differ from those estimates. Any revision to accounting estimates is recognised prospectively in the current and future
periods.
Operating cycle
Operating cycle is the time between the acquisition of assets for processing and their realization in cash or cash
equivalents. Based on this, the Company has ascertained less than 12 months as its operating cycle and hence 12
months has been considered for the purpose of current – non-current classification of assets and liabilities.
ACCOUNTING STANDARD (2) - Valuation of Inventories
Inventories are valued in accordance with the method of valuation prescribed by The Institute of Chartered Accountants
of India. Inventories have been valued at cost or Net Realizable Value Whichever is lower. The cost of inventory
includes freight, duties, taxes and other incidental expenses relating to the acquisition. The Net Realizable Value means
Selling Price excluding Selling Expenses.
ACCOUNTING STANDARD (3) - Cash flow statement
Cash flows are reported using the indirect method, whereby profit / (loss) before extraordinary items and tax is adjusted
for the effects of transactions of non-cash nature and any deferrals or accruals of past or future cash receipts or
payments. The cash flows from operating, investing and financing activities of the Company are segregated based on
the available information.
63
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
ACCOUNTING STANDARD (4) Contingencies and events occurring after the balance sheet date
Disclosed under accounting standard -29.
ACCOUNTING STANDARD (10) - Property, Plants and Equipments
Property, Plants and Equipments are carried at the cost of acquisition or construction less accumulated depreciation
and impairment loss, if any. The cost of Property, Plants and Equipments includes freight, duties, taxes and other
incidental expenses relating to the acquisition of respective assets.
Depreciation on Property, Plants and Equipments is provided on the written-down value method over the useful life of
the Asset as prescribed under part C of Schedule II of the Companies Act 2013.
Intangible assets are amortized over their respective individual lives on written down value method. Depreciation is
charged on a proportionate basis from / up to the date the assets are purchased / sold during the year.
ACCOUNTING STANDARD (11) - Accounting for effects of changes in foreign exchange rates
Foreign exchange transactions are recorded using the rates available with the Company which approximates the rate
existing on the date of transaction. Exchange differences arising on foreign currency transactions are settled during the
year they are recognized in the statement of profit and loss.
Monetary assets and liabilities denominated in foreign currency as at the balance sheet date are translated at the
closing exchange rates on that date. The resultant exchange differences are recognized in the statement of profit and
loss for the year.
.
Particulars
For the Period Ended
31st Mar, 2023
For the Period Ended
31st Mar, 2022
Net Exchange difference Debited/(Credited) to Profit and Loss a/c
7,384
(920)
.
ACCOUNTING STANDARD (26) - Intangible assets
Intangible assets are stated at cost of acquisition net of recoverable taxes less accumulated amortization/depletion.
ACCOUNTING STANDARD (28) - Impairment of assets
As on the balance sheet date, the carrying amounts of the balance assets net of accumulated depreciation is not less than
the recoverable amount of those assets. Hence, there is no impairment loss on the balance assets of the company.
23.2 Additional Information to the Financial Statements
Expenditure and Earnings in foreign currency
64
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Expenditure in foreign currency
For the Period Ended
31st Mar, 2023
For the Period Ended
31st Mar, 2022
Samples
-
38
IT support charges
8
-
Freight expenses
1,017
-
Consultancy Fee
520
-
Technical service fee
4,630
2,737
Purchases
1,33,854
1,02,445
Total
1,40,029
1,05,220
3,843
1,341
Earnings in Foreign Currency
Export Sales
23.3 Dues to Micro, Small and Medium enterprises
As regards to the compliance of the provisions relating to dues to Micro, Small and Medium Enterprises Development
Act, 2006, the company has sent letters to the creditors to confirm whether they are Micro, Small and Medium
Enterprises. The Company is yet to receive the confirmations from them. Hence, the company could not quantify the
dues of any to the Micro, Small and Medium enterprises.
23.4 Prior year comparatives
The comparative figures have been regrouped / reclassified, wherever necessary to confirm with the current year’s
presentation.
23.5 Balance Confirmations
The Management has sent letters of Confirmations to various parties who are classified as Trade receivables and Trade
Payables and advances from/ to the above parties. Most of the Parties to whom such confirmation letters have been
sent have responded pursuant to which their accounts have been reconciled. As all the Parties to whom the letters have
been sent have not responded due to which their accounts could not be reconciled, the same cannot be treated as
confirmed, although in the opinion of Management the balances of such parties are in order
23.6 Rounding off:
All figures are rounded off to the nearest thousand rupee.
65
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Note 22-ANALYTICAL RATIOS
Ratio
Description of numerator
Description of
denominator
Ratio
Ratio
Reasons for
Variance
31.03.2023 31.03.2022
variance
(a) Current
ratio
Current assets
Current liabilities
1.80
(b)
Debt-equity
ratio
Borrowings - Short-term and
Long-term
1.84
-2%
Shareholder's Funds -
-
-
(c) Debt
PAT + Non cash expenses (eg.
service
Depn) + Interest on borrowings +
coverage ratio other adjustments
Interest +
Installments
-
-
(d) Return on
PAT - Preference dividend
equity ratio
Equity Shareholder's
0.22
Funds
0.21
3%
(e) Inventory
Cost of Goods sold
turnover ratio
Average inventory
3.25
(Op. stk + Cl. Stk)/2
(f) Trade
receivables
Credit sales
turnover ratio
Average accounts
receivable (Op. rec + 8.38
Cl. Rec)/2
(g) Trade
payables
Credit purchases
turnover ratio
Average accounts
payable (Op. pay +
Cl. pay)/2
-
3.42
68%
On account
increase in
Turnover resulted
in better ratio
1.34
525%
On account
increase in
Turnover resulted
in better ratio
0.50
584%
1.94
(h) Net capital
Revenue from operations
turnover ratio
Net assets
3.25
2.40
35%
On account
increase in
Turnover resulted
in better ratio
(i) Net profit
ratio
Profit after tax
Revenue from
operations
6.78%
8.95%
-24%
The Margins in
current year has
been reduced.
(j) Return on
capital
employed
EBIT
Capital employed
(Total assets current liabilities)
0.28
0.27
4%
(k) Return on
Profit after tax
investment
Share capital
66
17%
13%
32%
Better profits in
current year on
account of
increase in
profitability during
year
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
[201700] Notes - Government grants
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Disclosure of notes on government grants explanatory [TextBlock]
Capital subsidies or grants received from government authorities
Revenue subsidies or grants received from government authorities
01/04/2021
to
31/03/2022
0
0
0
0
[201200] Notes - Employee benefits
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Textual
information
[See below]
Disclosure of employee benefits explanatory [TextBlock]
67
01/04/2021
to
31/03/2022
(8)
...
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Textual information (8)
Disclosure of employee benefits explanatory [Text Block]
ACCOUNTING STANDARD (15) - Employee benefits
A .Defined contribution plan
(a) Contribution to Provident Fund is in the nature of defined contribution plan and is made to provident fund account
maintained by the Government on its account. Contribution made during the year is charged to the profit and loss account.
b)Contribution to Employee Insurance Fund is in the nature of defined contribution plan and is made to Employee State
Insurance fund maintained by Government on it’s account. Contribution made during the year is charged to the profit and
loss account.
B .Defined benefit plan
(a) Contribution to Gratuity Fund & Bonus
The company has made provisions for Bonus as well as for payment of gratuity. Provision for gratuity is as per the
provisions of the Gratuity Act, 1972 and as prescribed by Accounting Standard. Further, the gratuity amount payable is not
funded with any "Gratuity Fund Trust" and would be paid by the Company as and when the liability for payment arises.
C .Disclosure as required by Accounting Standard 15
(a) Expenses recognized in the Profit & Loss Account
.
Particulars
For the Period Ended
31st Mar, 2023
For the Period Ended 1st Mar, 2022
Gratuity
667
214
Total
667
214
68
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Categories of related parties [Axis]
Axis-1
01/04/2022
to
31/03/2023
01/04/2021
to
31/03/2022
Disclosure of relationship and transactions between related parties [Abstract]
Disclosure of relationship and transactions between related parties [LineItems]
Name of related party
Country of incorporation or residence of related party
Description of nature of related party relationship
Description of nature of transactions with related party
Transaction relating to key management personnel [Abstract]
Remuneration for key managerial personnel
Amount written off during period in respect of debts due from related parties
Amount written back during period in respect of debts due to related parties
Severin Ahlmann Severin
Ahlmann
Holding GmbH
Holding GmbH
GERMANY
GERMANY
Holding company Holding company
Share capital
Share capital
0
0
0
0
0
0
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Textual information
[See below]
Yes
Yes
Section 2(87)(ii)
Disclosure of notes on related party explanatory [TextBlock]
Whether there are any related party transactions during year
Whether company is subsidiary company
Section under which company is subsidiary
69
01/04/2021
to
31/03/2022
(9)
Yes
Yes
Section 2(87)(ii)
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Textual information (9)
Disclosure of notes on related party explanatory [Text Block]
ACCOUNTING STANDARD (18) - Related party disclosure
Description of relationship
Name of related party
Director
K A Prasanna Kumar
Ultimate Holding Company
ACO Ahlmann SE & Co. KG., Germany
Holding Company
Severin Ahlmann Holding GmbH, Germany
Fellow Subsidiary
Plastmo GmbH, Germany
Fellow Subsidiary
ACO S.p.A. Italy
Fellow Subsidiary
ACO Industries k.s., Czech Republic
Fellow Subsidiary
ACO Passvant GmbH, Germany
Fellow Subsidiary
ACO Technology Centre Pvt Ltd, India
Fellow Subsidiary
ACO Sourcing Pvt Ltd., India
Fellow Subsidiary
MufleSystem S.r.l., Italy
Fellow Subsidiary
ACO Systems FZE., Dubai
Fellow Subsidiary
ACO Solutions De Drainage., Morocco
Fellow Subsidiary
ACO PRODUCTOS POLIMEROS,S.A.U. ESPANA
Fellow Subsidiary
ACO Drainage Systems Limited, Kenya
Fellow Subsidiary
ACO Technologies PLC - UK
Fellow Subsidiary
ACO AG., Switzerland
Fellow Subsidiary
ACO Industries Tabor k.s., Czech Republic
Related Party Transactions during the year:
Name of the related party
Description of Nature of
Transaction
Transactions Amount
2022-23
70
Transactions Amount
2021-22
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
ACO Ahlmann SE & CO. KG
Purchases
16,566
9,028
Consultancy fee reimbursement 520
Freight
167
Payments
57
8,374
Severin Ahlmann Holding GmbH
Issue of share capital
-
26,250
ACO Industries k.s
Purchases
64,600
31,091
Freight
470
31
Payments
49,133
39,574
Purchases
37,572
46,189
Freight
263
1,388
Payments
32,667
36,945
Technical service fee
4,630
2,737
Payments
5,603
2,331
Purchases
7,877
3,464
Freight
72
Payments
8,126
2,516
Purchases
56
46
Payments
56
46
Purchases
5,767
11,972
Payments
8,892
8,644
Purchases
1,416
635
Payments
1,461
918
ACO Passvant GmbH
ACO Systems FZE
ACO S.p.A.
ACO Technologies PLC
ACO AG
ACO Industries Tabor k.s
71
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
ACO Technology Centre Pvt Ltd
ACO Sourcing Pvt Ltd
MufleSystem S.r.l
Freight
45
IT Support
1,633
1,176
Payments
1,764
1,478
Design Service
1,292
1,317
Manpower services received
7,375
6,437
Manpower services Provided
-
180
Payments
9,361
10,099
Purchases
19
Payments
57
38
ACO Solutions De Drainage
Export Sales
1,659
1,341
ACO PRODUCTOS
POLIMEROS,S.A.U.
Export Sales
341
-
ACO Drainage Systems Limited
Export Sales
1,843
-
Outstanding at the end of the year:
Name of the related party
Nature of Transaction
As at
31-03-2023
As at
31-03-2022
ACO Passavant GmbH
Payable
50,071
41,295
ACO AG
Payable
-
3,113
ACO Ahlmann SE & CO. KG
Payable
22,825
4,277
ACO Industries k.s.
Payable
31,447
14,221
ACO SYSTEMS FZE
Payable
-
966
ACO S.p.A.
Payable
695
871
Mufle System S.r.l
Payable
-
57
72
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
[201400] Notes - Leases
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Textual information
[See below]
Disclosure of leases explanatory [TextBlock]
Whether any operating lease has been converted to financial lease or
vice-versa
01/04/2021
to
31/03/2022
(10)
No
No
Textual information (10)
Disclosure of leases explanatory [Text Block]
ACCOUNTING STANDARD (19) - Lease
The Company is obliged under cancellable operating leases for office space that is renewable on a periodic basis at the option of both the
lessor and the lessee.
Total expenses debited to statement of profit and loss
For the Period Ended
31st Mar, 2023
For the Period Ended
31st Mar, 2022
Lease rent paid during the year
3,638
2,568
[300300] Notes - Earnings per share
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Textual information
[See below]
Disclosure of earnings per share explanatory [TextBlock]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Profit (loss) for period
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Profit (loss) for period
73
01/04/2021
to
31/03/2022
(11)
30,782
23,329
30,782
23,329
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Textual information (11)
Disclosure of earnings per share explanatory [Text Block]
ACCOUNTING STANDARD (20) - Earnings per share
Basic earnings per share are computed by dividing the net profit or loss attributable to equity shareholders for the year by the weighted
average number of equity shares outstanding during the year.
Particulars
For the Period Ended
31st Mar, 2023
For the Period Ended
31st Mar, 2022
Net Profit/ (Loss) for the year
30,782
23,329
Weighted average number of equity shares ( in 000's)
18,132
18,132
Nominal value of equity shares
Rs. 10/-
Rs. 10/-
Earning/ (Loss) per share - Basic
1.70
1.29
Earning/ (Loss) per share - Diluted
1.70
1.29
[202800] Notes - Subsidiary information
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies
Number of subsidiary companies
Whether company has subsidiary companies which are yet to commence
operations
Whether company has subsidiary companies liquidated or sold during year
No
0
No
No
[201900] Notes - Income taxes
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Textual
information
[See below]
Disclosure of notes on income taxes explanatory [TextBlock]
74
(12)
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Textual information (12)
Disclosure of notes on income taxes explanatory [Text Block]
ACCOUNTING STANDARD (22) - Accounting for taxes on income
Provision for current tax is made after taking into consideration benefits admissible under the provisions of the Income-tax
act, 1961. Deferred tax resulting from “Timing difference” between accounting income and taxable income is accounted for
using the tax rates and laws that are enacted or substantively enacted as on the balance sheet date.
Deferred tax asset is recognised and carried forward only to the extent that there is a virtual certainty that the asset will be
realised in future. Assets and liabilities representing current tax are disclosed on a net basis where there is a legally
enforceable right to set off and where the Management intends to settle the asset or liability on a net basis.
1) Deferred Tax Asset Consists of:
Particulars
As at
31st March, 2023
As at
31st March, 2022
Carried Forward Business Loss
173
12,273
Disallowance U/s 43B Bonus and Leave Encashments
578
946
Disallowance U/s 40A(7) Gratuity
712
523
DTA on disallowance Leave Salary
263
212
Timing Difference on Depreciation Difference
1,473
1,497
DTA on disalllowance u/s 40(a)(ia)
1,427
19
DTA on provsion for bad debts
1,841
762
Total
6,467
16,232
Deferred tax assets and deferred tax liabilities have been offset whenever the company has a legal enforceable right to set off current tax
assets against current tax liabilities and where the deferred tax assets and deferred tax liabilities relates to income tax levied by the same
taxation authority.
[202400] Notes - Investments in associates
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates
Whether company has associates which are yet to commence operations
Whether company has associates liquidated or sold during year
75
No
No
No
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
[202500] Notes - Financial reporting of interests in joint ventures
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures
Whether company has joint ventures which are yet to commence operations
Whether company has joint ventures liquidated or sold during year
No
No
No
[202100] Notes - Other provisions, contingent liabilities and contingent assets
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Disclosure of notes on other provisions, contingent liabilities and
contingent assets explanatory [TextBlock]
Disclosure of other provisions explanatory [TextBlock]
Textual
information
[See below]
(13)
Textual information (13)
Disclosure of notes on other provisions, contingent liabilities and contingent assets explanatory [Text Block]
ACCOUNTING STANDARD (29) - Provisions, Contingent Liability and Contingent Asset
i . Provisions
The Company recognizes a provision when there is a present obligation as a result of a past event that probably requires an
outflow of resources and a reliable estimate can be made of the amount of the obligation. A disclosure for a contingent
liability is made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow
of resources. Where there is a possible obligation or a present obligation that the likelihood of outflow of resources is remote,
no provision or disclosure is made.
Provisions for onerous contracts are recognized when the expected benefits to be derived by the Company from a contract
are lower than the unavoidable cost of meeting the future obligations under the contract. The provision is measured lower of
the expected cost of terminating the contract and the net cost of fulfilling the contract.
ii. Contingent liabilities
There are no Contingent Liabilities as on the date of Balance Sheet.
iii. Contingent assets which are likely to give rise to the possibility of inflow of economic benefits
Nil
76
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
[202700] Notes - Cash flow statements
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement
Total cash and cash equivalents
Income taxes paid (refund) [Abstract]
Total income taxes paid (refund)
01/04/2021
to
31/03/2022
31/03/2021
51,027
51,027
36,034
36,034
0
0
4,518
[100200] Statement of profit and loss
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Statement of profit and loss [Abstract]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products
Revenue from sale of services
Other operating revenues
Total revenue from operations other than finance company
Total revenue from operations
Other income
Total revenue
Expenses [Abstract]
Cost of materials consumed
Purchases of stock-in-trade
Changes in inventories of finished goods, work-in-progress and
stock-in-trade
Employee benefit expense
Finance costs
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense
Amortisation expense
Total depreciation, depletion and amortisation expense
CSR expenditure
Other expenses
Total expenses
Total profit before prior period items, exceptional items, extraordinary
items and tax
Total profit before extraordinary items and tax
Total profit before tax
Tax expense [Abstract]
Current tax
Deferred tax
Total tax expense
Total profit (loss) for period from continuing operations
Profit (loss) from discontinuing operations before tax
Tax expense of discontinuing operations
Total profit (loss) for period before minority interest
Profit (loss) of minority interest
Total profit (loss) for period
Earnings per equity share [Abstract]
Basic earning per equity share
Diluted earnings per equity share
Basic earning per equity share before extraordinary items
Diluted earnings per equity share before extraordinary items
Nominal value of per equity share
77
01/04/2021
to
31/03/2022
4,54,043
0
153
4,54,196
4,54,196
1,254
4,55,450
2,59,646
0
886
2,60,532
2,60,532
1,580
2,62,112
0
3,69,669
0
2,21,841
-51,846
-54,920
47,115
7,384
36,165
0
2,088
74
2,162
0
40,419
4,14,903
1,618
123
1,741
0
26,646
2,31,473
40,547
30,639
40,547
40,547
30,639
30,639
0
9,765
9,765
30,782
0
0
30,782
0
30,782
0
7,310
7,310
23,329
0
0
23,329
0
23,329
[INR/shares] 1.7
[INR/shares] 1.7
[INR/shares] 1.7
[INR/shares] 1.7
[INR/shares] 10
[INR/shares] 1.29
[INR/shares] 1.29
[INR/shares] 1.29
[INR/shares] 1.29
[INR/shares] 10
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
[300500] Notes - Subclassification and notes on income and expenses
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from sale of products [Abstract]
Revenue from sale of products [Abstract]
Revenue from sale of products, gross
Total revenue from sale of products
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Total revenue from sale of services
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues
Total other operating revenues
Disclosure of other income [Abstract]
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments
Total interest income on current investments
Total interest income
Dividend income [Abstract]
Total dividend income
Other non-operating income [Abstract]
Net gain/loss on foreign currency fluctuations treated as other
income
Miscellaneous other non-operating income
Total other non-operating income
Total other income
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Total interest expense
Net gain/loss on foreign currency transactions and translations
treated as finance costs
Total finance costs
Employee benefit expense [Abstract]
Salaries and wages
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors
Total managerial remuneration
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others
Total contribution to provident and other funds
Staff welfare expense
Total employee benefit expense
Breakup of other expenses [Abstract]
Consumption of stores and spare parts
Power and fuel
Rent
Repairs to building
Repairs to machinery
Insurance
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes
Total rates and taxes excluding taxes on income
Telephone postage
Travelling conveyance
Legal professional charges
Directors sitting fees
Advertising promotional expenses
Cost repairs maintenance other assets
Provision bad doubtful debts created
78
01/04/2021
to
31/03/2022
4,54,043
4,54,043
2,59,646
2,59,646
0
0
153
153
886
886
985
985
985
455
455
455
0
0
0
920
269
269
1,254
205
1,125
1,580
0
0
7,384
0
7,384
0
44,134
34,310
0
0
0
0
39
39
2,942
47,115
36
36
1,819
36,165
0
0
3,638
0
0
0
0
0
2,568
0
0
0
914
914
347
8,135
5,908
0
8,599
5,961
0
485
485
256
4,896
3,521
0
5,070
5,049
0
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Provision bad doubtful loans advances created
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off
Bad debts written off
Bad debts advances written off
Total write-off assets
Loss on disposal of intangible asset
Loss on disposal, discard, demolishment and destruction of depreciable
tangible asset
Payments to auditor [Abstract]
Payment for audit services
Payment for other services
Total payments to auditor
Miscellaneous expenses
Total other expenses
Current tax [Abstract]
Total current tax
0
0
0
4,378
0
4,378
0
0
3,027
0
3,027
0
0
0
151
460
611
1,928
40,419
96
112
208
1,566
26,646
0
0
[300600] Notes - Additional information statement of profit and loss
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Additional information on profit and loss account explanatory [TextBlock]
Changes in inventories of stock-in-trade
Total changes in inventories of finished goods, work-in-progress and
stock-in-trade
Expenditure on dividend paid
Total expenditure in foreign currency
Total amount of dividend remitted in foreign currency
Total earnings in foreign currency
Domestic sale traded goods
Total domestic turnover goods, gross
Export sale traded goods
Total export turnover goods, gross
Total revenue from sale of products
Total revenue from sale of services
Gross value of transaction with related parties as per AS-18
Bad debts of related parties as per AS-18
01/04/2021
to
31/03/2022
-51,846
-54,920
-51,846
-54,920
0
0
0
0
4,50,200
4,50,200
3,843
3,843
4,54,043
0
2,71,284
0
0
0
0
0
2,58,305
2,58,305
1,341
1,341
2,59,646
0
2,54,321
0
[300100] Notes - Revenue
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Textual
[See below]
Disclosure of revenue explanatory [TextBlock]
79
information
01/04/2021
to
31/03/2022
(14)
...
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Textual information (14)
Disclosure of revenue explanatory [Text Block]
ACCOUNTING STANDARD (9) - Revenue Recognition
The Company is business of Wholesale and trading of surface water drainage systems, roof drainage & other products &
of drain products.
Revenue is recognised in the books of accounts as per the terms of agreement between the
parties
The revenue and expenditure are accounted on a going concern concept.
Interest income is recognized using the time proportion method based on rates implicit in the transaction.
[300700] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table]
..(1)
Unless otherwise specified, all monetary values are in Thousands of INR
Key managerial personnels and directors [Axis]
Axis-1
Axis-2
Axis-3
Axis-4
01/04/2022
to
31/03/2023
01/04/2022
to
31/03/2023
01/04/2022
to
31/03/2023
01/04/2022
to
31/03/2023
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[Abstract]
Disclosure of key managerial personnels and directors
and remuneration to key managerial personnels and
directors [LineItems]
Name of key managerial personnel or director
Director identification number of key managerial
personnel or director
Date of birth of key managerial personnel or
director
Designation of key managerial personnel or director
Qualification of key managerial personnel or
director
Shares held by key managerial personnel or director
Key managerial personnel or director remuneration
[Abstract]
Gross salary to key managerial personnel or
director [Abstract]
Gross salary to key managerial personnel or
director
Total key managerial personnel or director
remuneration
GERRIET
SCHAFFT
PRASANNA
KUMAR
WOLFGANG
KADASUR
BEIGL
ANDANIGOWDA
MICHAEL
NEUFELLNER
00166965
05308269
09807116
09807108
09/03/1966
26/03/1975
18/01/1969
09/02/1981
Director
Director
Additional Director Additional Director
Graduate
Graduate
Diploma
Engineering
80
in P o s t
Graduate/Masters
[shares] 0
[shares] 0
[shares] 0
[shares] 0
0
0
0
0
0
0
0
0
ACO SYSTEMS AND SOLUTIONS PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table]
..(2)
Unless otherwise specified, all monetary values are in Thousands of INR
Key managerial personnels and directors [Axis]
Axis-5
01/04/2022
to
31/03/2023
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and
directors [Abstract]
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and
directors [LineItems]
Name of key managerial personnel or director
Permanent account number of key managerial personnel or director
Date of birth of key managerial personnel or director
Designation of key managerial personnel or director
Qualification of key managerial personnel or director
Shares held by key managerial personnel or director
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Salary key managerial personnel or director
Gross salary to key managerial personnel or director
Total key managerial personnel or director remuneration
RANJITH
MALENGAL
UMESH
CHQPR2149E
12/04/1991
Company Secretary
ICSI Member
[shares] 0
3,09,000
3,09,000
3,09,000
[301000] Notes - Corporate social responsibility
Unless otherwise specified, all monetary values are in Thousands of INR
01/04/2022
to
31/03/2023
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
company
Prescribed CSR expenditure
Amount CSR to be spent for financial year
Amount unspent CSR
81
No
0
0
0