THE MAHOMED BAGH CLUB LIMITED

ANNUAL REPORT 2017-2018

OUR PATRON AND MANAGEMENT COMMITTEE

PATRON

CHAIRMAN VICE CHAIRMAN Lt. Gen. B.S. Negi PVSM, UYSM, YSM, SM, VSM **, ADC, PhD Maj Gen R S Malave GOC-in-C, Central Command

Dr Anup Chandra Pandey, IAS Maj Gen Pravesh Puri

Mr. Alok Kumar, IAS Mr. P C Meena, IPS Brig Sanjay Sethi Brig Rohit Datta Brig S K Sharma

Col R P Singh (Retd) Col GPS Kaushik (Retd) Maj R D Singh, (Retd)

Lt Col Shyam Singh Dhami (Retd) CEO & Secretary AIM OF THE M B CLUB Statutory Auditors:  Promotion of Games and Amusements for M/S. S N KAPUR & ASSOCIATES Members.  Social and Literary Enjoyment of the Members and their Families.  To undertake Social, Charitable, Entertainment and Humanitarian Pursuits. CONTENTS

Internal Auditors : Notice and Agenda 1

M/s S NIGAM & CO. Annexure to Notice 2

Notes 3

Chairman's Address 4

Director’s Report 5 to 22 CHIEF EXECUTIVE OFFICER & SECRETARY

LT COL SHYAM SINGH DHAMI (RETD.)

STATEMENT OF ACCOUNTS

Registered Office

202, Mahatma Gandhi Marg, Lucknow – 226 002 General Information 22

Website Statutory Auditor's Report 23-26 www.mbclublucknow.org Balance Sheet 27 Income and Expenditure Account 28 Email Notes on Accounts - Schedule 1 29-32 [email protected] Schedule 1 forming an integral part of the Balance 33 Sheet

Notes on Accounts - Schedule 2 34-36 Phones

0522-2480487 Affiliated Club 37-40 0522-2480045

Proxy Form 41

NOTICE OF ANNUAL GENERAL MEETING To,

The Members, Notice is hereby given under Article 49 of the Memorandum and Articles of Association of The Mahomed Bagh Club Ltd., that the Annual General Meeting of the Club will be held in ‘Ball Room' Hall in the Club premises on Wednesday, 19 September, 2018 from 2.00 PM onwards.

AGENDA 1. To elect the Chairman to conduct the Annual General Meeting. 2. To elect members of the Management Committee / Board of Directors for the year 2018-2019. 3. Ratification of Minutes of the Annual General Meeting held on 20th September, 2017. 4. To receive, consider and adopt the Financial Statements of the Company comprising of Balance Sheet as on March 31, 2018, Income & Expenditure Account for the financial year ended on that date, explanatory notes annexed to, or forming part, of any of the above documents and the Reports of the Managing Committee / Board of Directors (“The Board") and Auditors Report thereon. 5. To ratify the appointment of the Auditors of the Company, to fix their remuneration and to pass the following resolution as an ordinary resolution thereof :- “Resolved that, pursuant to sections 139,142 and other applicable provisions of the Companies Act 2013 and the Rules made there under, pursuant to the recommendation of the Board of Directors and pursuant to the resolution passed by the Members at the EGM held on 11 January, 2017, the appointment of M/s SN Kapur & Associates, Chartered Accountants, bearing ICAI Firm Registration No. (FRN – 01545C) as the Statutory Auditors of the Company, to hold office with effect from 19 Oct 2016 upto the conclusion of the fifth consecutive Annual General Meeting of the Company (ie upto AGM for the Year 2021), subject to the ratification by the Members of the Company at every Annual General Meeting, on such remuneration as may be mutually agreed upon between the Board of Directors and the Auditors, in addition to reimbursement of out of pocket expenses in connection with the work of audit to be carried out by them.” 6. To consider resolutions, if any, moved by the Members and / or the Management Committee before 05 September, 2018, in accordance with Club Rules. 7. To transact such other business with the permission of the Chair. 8. To announce the results of the election of the Managing Committee for the Year 2018-2019.

[By Order of the Management Committee]

Lt Col Shyam Singh Dhami (Retd) CEO & Secretary Place - Lucknow Date - 25 August, 2018

Registered Office: 202, Mahatma Gandhi Marg Lucknow - 226 002

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ANNEXURE TO NOTICE EXPLANATORY STATEMENT AS REQUIRED VIDE SECTION 102 OF THE COMPANIES ACT 2013

1. Item No. 2 of Agenda

(a) Any retiring member of the Managing Committee who wishes to stand for re-election shall send information in writing to the Club CEO & Secretary on or before 5.00 PM on 05 September, 2018.

(b) Filing of nominations by fresh candidate - on or before 5.00 pm on 04 September, 2018.

(c) Scrutiny of nominations will be done after 5.00 PM on 07 September, 2018.

(d) Those candidates found eligible after scrutiny and do not wish to contest the election, may submit their withdrawal latest by 5.00 PM on 08 September, 2018. 2. Item no. 7 of Agenda

In accordance with Article 42 of the Articles of Association, any matter intended to be brought before the Annual General Meeting must be forwarded with an explanatory note to reach the Club Office on or before 5.00 p.m. on 05, September, 2018.

[By Order of the Management Committee]

Place - Lucknow Lt Col Shyam Singh Dhami (Retd) Date - 25 August, 2018 CEO & Secretary

2

NOTES

1. An explanatory statement relating to the business mentioned in the notice as required under Section 102 of Companies Act, 2013 is annexed hereto.

2. Any member who is eligible to vote may vote by proxy at a General Meeting and member eligible to vote and present at a meeting may hold one or more proxies. A proxy may empower the holder to vote generally at the meeting for the "ABSENTEE MEMBER" or it may empower the holder to vote in a specified manner. EVERY PROXY must be properly stamped. Every proxy shall be valid on the occasion, or an adjourned meeting as on original date of meeting for which it was given, provided always that voting by proxies shall not be permitted for the purpose mentioned in Article 32. In other words, the members of the Management Committee will be elected only by those present at the Annual General Meeting.

3. Members are requested to be seated in the Ball Room in the club premises by 2.00 p.m. on the 19th September, 2018.

4. The second item on the Agenda is balloting and will take place between 2.15 PM and 6.00 PM on 19th September, 2018.

5. All members are requested to be in possession of their Smart Card/Membership Card with photograph and to collect their identification slips from 1.30 PM onwards, till the balloting time on 19th September, 2018 from the Club Election Counter.

6. Identification slips will not be issued to members not in possession of membership card.

7. The ballot paper will be issued to members only against his / her identification slip.

8. After balloting, members are requested to be seated in the Ball Room by 6.15 PM on 19th September, 2018.

9. The remainder of the Agenda will be taken up for consideration from 6.15 PM onwards.

10. Attention of Members is drawn to the provisions of Article 32 (c) of Articles of Association extracts of which reads as under : “After serving for a term of two years the Member will be eligible to contest election to Management Committee only after a gap of four years”.

11. Members who have not registered their e-mail addresses so far are requested to register their email address so that they can get all the information of the Club at the click of the mouse and receive the Annual Report and other communications electronically.

12. As per Section 88 of the Companies Act, 2013 r.a.w. Rule 3 of The Companies (Management and Administration) Rules, 2014 all members are requested to update their personal data as per Update Data Form already sent to all Members, including latest address, e-mail address, Permanent Account Number, Spouse’s / Mother’s / Father’s name, occupation, status, nationality, mobile number.

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CHAIRMAN 'S ADDRESS

Dear Members,

1. It is a matter of great honour and pride for me to be the Chairman of the MB Club, Lucknow; one of the premier and prestigious clubs of our country. Over the years through the collective efforts of all the members, the club has built a niche for itself, and is one of the finest in the Country.

2. In the preceding year the ‘Club’ organized a number of activities, including infrastructural development, facility enhancement, games and cultural programmes.

3. The present Management Committee is on the verge of completing its tenure. I would like to place on record the contribution made by each Committee Member. I am sanguine that the new Management Committee would carry forward the task with similar zeal and enthusiasm.

4. I would like to convey my sincere thanks to my predecessor Mr Rajive Kumar, IAS, Chairman who gracefully held the mantle of Chairmanship of MB Club till 11 July 2018. I also thank the outgoing Management Committee and all members of the club for ensuring that our tradition and values are preserved, as also for their constant support, ideas and suggestions which helped us in channelising our efforts towards a qualitative all-round improvement of the club.

Thank you,

Place: Lucknow Dr Anup Chandra Pandey, IAS Date: 25 August, 2018 Chief Secretary Govt. of Uttar Pradesh Chairman

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DIRECTORS’ REPORT

(1) The Directors hereby present the Annual Report together with the audited Balance Sheet and Income and Expenditure Account for the year ended 31st March, 2018.

(2) FINANCIAL RESULTS The financial results of the Club are as given below:

Rs Rs 31/03/2018 31/03/2017

Figures as at the Figures as at the Note Particulars end of current end of current No reporting period reporting period

I. Revenue from operations 12 4,63,64,287.47 3,97,20,392.98 II. Other Income 13 95,48,646.68 93,11,067.09 III. Total Revenue (I +II) 5,59,12,934.15 4,90,31,460.07 IV. Expenses: Cost of materials consumed 14 1,99,45,794.28 1,86,70,019.05 Purchase of Stock-in-Trade - - Changes in inventories of finished goods, work-in- progress and Stock-in-Trade - - Employee benefit expense 15 1,69,34,308.80 1,75,65,332.61 Financial costs 11,86,000.00 - Depreciation and amortization expense 62,19,927.84 66,18,371.86 Other expenses 16 1,13,60,758.24 1,05,78,971.65 Total Expenses 5,56,46,789.16 5,34,57,181.17 V. Profit before exceptional and extraordinary items and tax (III - IV) 2,66,144.99 (44,01,235.10) VI. Exceptional Items - - VII. Profit before extraordinary items and tax (V + VI) 2,66,144.99 (44,01,235.10) VIII. Extraordinary Items 17 - (17,96,139.00) IX. Profit before tax (VII - VIII) 2,66,144.99 (61,97,374.10) X. Tax expense: (1) Current tax 11,83,970.00 8,00,000.00 (2) Deferred tax - - XI. Profit(Loss) from the period from continuing operations (IX-X) (9,17,825.01) (69,97,374.10) XII. Profit/(Loss) from discontinuing operations - - XIII. Tax expense of discounting operations - - XIV. Profit/(Loss) from Discontinuing operations (XII - XIII) - - XV. Profit/(Loss) for the period (XI + XIV) (9,17,825.01) (69,97,374.10) XVI. Earning per equity share: - -

(1) Basic - -

(2) Diluted - -

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(3) KEY FINANCIAL INFORMATION

F.Y. AMOUNT CLUB SUBSCRIPTION A M 2012-13 61,33,985.58 O 12000000 U 10000000 2013-14 69,47,754.00 N T 8000000 2014-15 74,88,881.00 I 6000000 2015-16 73,95,121.50 N 4000000

2016-17 78,94,373.00 R 2000000 S 0

2017-18 110,73,817.00 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 FINANCIAL YEAR

F.Y. AMOUNT INTEREST ON FDRs A 9000000 M 8000000 2012-13 33,07,157.04 O 7000000 U 2013-14 38,91,762.65 N 6000000 T 5000000 2014-15 61,16,093.24 4000000 I 3000000 2015-16 69,32,302.13 N 2000000 2016-17 82,31,700.91 R 1000000 S 0 2017-18 79,78,179.76 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 FINANCIAL YEAR

F.Y. AMOUNT ROOM RESERVATION CHARGES

A 9000000 M 8000000 2012-13 O 63,39,414.50 7000000 U 2013-14 75,59,221.18 N 6000000 T 5000000 2014-15 75,41,492.00 4000000 I 3000000 2015-16 86,93,304.00 N 2000000

2016-17 51,10,171.00 R 1000000 S 0 2017-18 53,52,182.00 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 FINANCIAL YEAR

F.Y. AMOUNT

A BAR SALE M O 12000000 U 2012-13 44,01,047.07 10000000 N 2013-14 57,28,364.02 T 8000000 6000000 2014-15 64,56,923.94 I N 4000000 2015-16 90,63,769.57 2000000 R 0 2016-17 S 99,78,119.17 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18

2017-18 1,02,93,105.61 FINANCIAL YEAR

F.Y. AMOUNT CATERING SALE A 2012-13 87,61,519.28 M 14000000 O 12000000 2013-14 78,31,664.78 U 10000000 N 8000000 2014-15 84,72,932.27 T 6000000 2015-16 1,18,78,867.11 I 4000000 N 2000000

2016-17 1,33,00,493.68 0 R 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2017-18 1,33,04,170.43 S

FINANCIAL YEAR

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(3) KEY FINANCIAL INFORMATION

F.Y. AMOUNT SALARY & BONUS

A 16000000 M 14000000 2012-13 O 98,91,778.60 U 12000000 2013-14 N 10000000 1,00,28,825.51 T 2014-15 8000000 1,06,57,532.36 2015-16 I 6000000 1,15,63,567.62 N 4000000

2016-17 2000000 1,49,05,210.28 R 2017-18 S 0 1,49,75,155.34 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18

FINANCIAL YEAR

F.Y. AMOUNT REPAIR & MAINTENANCE

A 2000000 M 1800000 O 1600000 2012-13 12,23,776.00 U 1400000 N 2013-14 8,81,813.00 1200000 T 2014-15 14,69,272.95 1000000 I 800000 2015-16 19,62,506.00 N 600000 2016-17 13,35,664.78 400000 R 200000 2017-18 19,64,916.00 S 0 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 FINANCIAL YEAR

F.Y. AMOUNT BAR CONSUMPTION

A 9000000 2012-13 39,62,386.55 M 8000000 O 7000000 2013-14 53,74,957.29 U 6000000 2014-15 55,75,630.84 N T 5000000 2015-16 78,32,949.34 4000000 I 3000000 2016-17 82,21,736.62 N 2000000 2017-18 82,17,116.35 1000000 R 0 S 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18

FINANCIAL YEAR

F.Y. AMOUNT CATERING CONSUMPTION EXPENSES A 2012-13 86,43,141.38 M 12000000 O 10000000 2013-14 88,46,943.43 U 2014-15 63,70,351.69 N 8000000 T 6000000

2015-16 96,40,829.32 4000000 I 2016-17 1,03,92,282.43 N 2000000 2017-18 1,16,72,657.93 0 R 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 S FINANCIAL YEAR F.Y. AMOUNT ELECTRICITY 2012-13 25,62,097.00 A M 2013-14 35,41,014.20 O 6000000 U 5000000 2014-15 34,33,311.00 N 4000000 T 3000000 2015-16 49,69,751.36 2000000 2016-17 53,12,634.02 I N 1000000 2017-18 55,60,888.84 0 R 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 S

FINANCIAL YEAR

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(4) FINANCIAL POSITION During the financial year 2017-2018, the Club earned Profit before tax of Rs. 2,66,144.99. The payment of current tax was Rs. 11,83,970.00.

(5) MATERIAL CHANGES AND COMMITMENTS AFFECTING FINANCIAL POSITION BETWEEN THE END OF THE FINANCIAL YEAR AND DATE OF REPORT There are no significant and/or material orders passed by the Regulators or Courts or Tribunals impacting the going concern status of the Company.

(6) Extract of Annual Return In accordance with section 134(3) (a) of the Companies Act, 2013 an extract of Annual Return in the prescribed format is appended as Annexure-A to the Board’s Report.

(7) Related Party Transactions The Managing Committee has not entered into transactions with any related parties as provided in section 188 of the Companies Act, 2013. As required under section 134(3)(h) of the Act read with Rule 8(2) of the Companies (Accounts) Rules 2014- Form No. AOC- 2 is appended as Annexure-B to the Board’s Report.

(8) Transfer to Reserves The club has not transferred any amount to the Reserves.

(9) OPERATIONS OVERVIEW

REPORT ON THE PROVISIONS OF THE CLUB

ADMINISTRATION  The Club has maintained its repute as the most elite Club and has maintained its old traditions and services. The ambience and infrastructure has improved over the years without losing its dignified historical charm while adapting modern facilities over the years.  As the old staff is slowly retiring having devoted their undaunted service to the Club, all efforts are being made to have a fine blend of old and new blood.  Practices are being brought in place to keep pace with the emerging administrative challenges.

WELFARE MEASURES  Revision of salary and wages as per The Minimum Wages Act, 1948.  Uniforms and shoes are issued to the Club Staff.  15 Days Ex-gratia and 30 days salary incentives to staff during the year.  Providing improved hygienic accommodation.

PURCHASE  The purchases are now being regulated through new standing operating procedures (SOP). It has brought in better checks and control measures to ensure good timely supplies at competitive rates. Supplies are also being procured from Best Price Walmart.

STATUTORY COMPLIANCES OF TAX AUTHORITIES  The provisions in the new Companies Act 2013 are very stringent and there are much statutory compliance which are required to be professionally managed. Regular returns of ROC, GST &, Income Tax thereto need to be professionally addressed.  The Club gets its internal audit done every quarter through Internal Auditor. The Statutory Auditor‘s carries out audit on regular basis. The Finance Sub Committee also keeps control over the accounts and statutory compliances on regular basis.

PROJECTS COMPLETED/ UNDER COMPLETION (a) Interlocking Tiles Parking Area Squash Court (b) Repair/Renovation of Squash Court No. 1 & 2. (c) Land Scaping of outside Gate No 1 & 2. (d) Sign Posting of M B Club outside Gate No.3 (e) Sign Posting of M B Club outside Gate No.1 (f) Repair/Renovation of Bungalow No. 7 (g) Renovation and Beautification of Entrance Porch (h) Road toping Bitumen. (i) Repair and Painting of Swimming Pool Building (j) Wall Paneling and Floor Polishing inside in the Bar. (k) Leveling of Marriage Lawn i.e. Garden Retreat, Croquet Ground and in behind Guest Room No. 10 (l) Extension and leveling of Chairman Lawn (m) Repair/Renovation of Bungalow No. 1A (n) Construction of Smoking room in behind of Bar. (o) Extension of Dance Floor at Mayfair Terrace

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(10) STATUTORY AUDITORS At the EGM held on January, 11h 2017 the members approved the appointment of M/s S N Kapur & Associates, Chartered Accountants as Statutory Auditors of the Club, to hold office till the conclusion of the AGM to be held in the calendar year 2021. In terms of the first proviso to Section 139 of the Companies Act, 2013 the appointment of the Auditors shall be placed for ratification at every AGM. Accordingly, the appointment of M/s S N Kapur & Associates, Chartered Accountants as Statutory Auditors of the Club is placed for ratification by the Members. In this regard, the Club has received a certificate from the auditor to the effect that if they were reappointed, it would be in accordance with the provisions of Section 141 of the Companies Act 2013.

(11) AUDITORS AND AUDITORS' REPORT The Managing Committee has received the Statutory Auditor’s Report on the Financial Statements as well as Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 which are self-explanatory and does not call for any further comments. Clarifications wherever necessary have been included in Notes to the Financial Statements section of the Annual Report.

(12) CHANGE IN DIRECTORSHIP Inductions/Retirement (due to retirement/transfer postings) During the year the following appointments/ inductions/ replacements took place: (a) Col Anupam Agarwal replaced by Brig S K Sharma. (b) Mr Rajive Kumar, IAS replaced by Dr Anup Chandra Pandey, IAS.

Reappointments: As per the provision of Companies Act, 2013, Maj Gen Pravesh Puri, Mr. Alok Kumar IAS, Brig Rohit Datta, Brig S K Sharma, Col R P Singh (Retd), Col GPS Kaushik (Retd), will retire in the ensuing AGM and being eligible, can seek reappointment at the forthcoming Annual General Meeting (AGM) (through election process) scheduled on 19 September, 2018.

(13) BOARD MEETINGS Dates for the Board meetings in the ensuing year are decided in advance. The board meetings of the Club are held at the registered office at 202, Mahatma Gandhi Marg, Lucknow-226002. The Board usually meets every month to review the monthly performance and other item(s) on the agenda. Additional meetings are held, as and when necessary. The attendance of Directors during fiscal year ended 31' March, 2018. On the date of issue of this report following meetings were conducted with the below mentioned members along with their attendance at the respective meetings

DETAILS OF SCREENING SUB COMMITTEE HELD & MEMBER ATTENDED (TOTAL NO. OF MEETINGS HELD = 4) S. No. Name of Members MC No of Meeting Attended

1 Maj Gen Vinod Sharma 4 2 Mr P C Meena, IPS 4 3 Brig Sanjay Sethi 4 4 Col Kapil Dev 4 5 Mr Sunil Sharma 4

DETAILS OF DISCIPLINE SUB COMMITTEE MEETING HELD & MEMBER ATTENDED (TOTAL NO. OF MEETINGS HELD = 1) S. No. Name of Members MC No of Meeting Attended

1 Mr P C Meena, IPS 1 2 Brig Pankaj Singh, VSM 1 3 Col (Dr) Anupam Agarwal 1 4 Maj R D Singh (Retd) 0

DETAILS OF FINANCE SUB COMMITTEE HELD & MEMBER ATTENDED (TOTAL NO. OF MEETINGS HELD = 1) S. No. Name of Members MC No of Meeting Attended

1 Brig Sanjay Sethi 1 2 Brig Rajesh Verma 1 3 Col G P S Kaushik (Retd) 1 4 Col R P Singh (Retd) 1 5 Maj R D Singh (Retd) 1

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DETAILS OF INFRA & PROJECTS SUB COMMITTEE HELD & MEMBER ATTENDED (TOTAL NO. OF MEETINGS HELD = 3) S. No. Name of Members MC No of Meeting Attended 1 Brig Pankaj Singh, VSM 1 2 Mr Sunil Sharma 2 3 Col Kapil Dev 1 4 Mr Manav Prakash 1 5 Lt Gen J K Sharma 1 6 Brig Sanjay Sethi 1 7 Maj (Dr) V P Srivastava (Retd) 1 8 Col R P Singh (Retd) 1 9 Brig Rohit Datta 1 10 Col Anupam Agrawal 1

DETAILS OF SPORTS SUB COMMITTEE HELD & MEMBER ATTENDED (TOTAL NO. OF MEETINGS HELD = 2) S. No. Name of Members MC No of Meeting Attended 1 Maj (Dr) V P Srivastava (Retd) 1 2 Col (Dr) Anupam Agarwal 1 3 Maj R D Singh (Retd) 1 4 Mr Sunil Sharma 1 5 Brig Rohit Datta 0 6 Mr Alok Kumar, IAS 0 DETAILS OF AUTOMATION SUB COMMITTEE HELD & MEMBER ATTENDED (TOTAL NO. OF MEETINGS HELD = 1) S. No. Name of Members MC No of Meeting Attended 1 Mr Manav Prakash 1 2 Brig Sanjay Sethi 1 3 Maj R D Singh (Retd) 1 4 Maj (Dr) V P Srivastava (Retd) 1 DETAILS OF ENTERTAINMENT SUB COMMITTEE HELD & MEMBER ATTENDED (TOTAL NO. OF MEETINGS HELD = 11) 1 Mr Manav Prakash 4 2 Brig Sanjay Sethi 4 3 Maj R D Singh (Retd) 6 4 Brig Rajesh Verma 8 5 Brig Rohit Datta 7 6 Col GPS Kaushik (Retd) 7 DETAILS OF MANAGEMENT COMMITTEE MEETING HELD & MEMBER ATTENDED (TOTAL NO. OF MEETINGS HELD = 15)

S. No. Name of Members MC No of Meeting Attended 1 Brig Pankaj Singh, VSM 7 2 Maj Gen Vinod Sharma 13 3 Mr P C Meena, IPS 11 4 Col Kapil Dev 10 5 Brig Sanjay Sethi 15 6 Col (Dr) Anupam Agarwal 10 7 Mr Sunil Sharma 11 8 Maj (Dr) V P Srivastava (Retd) 8 9 Maj R D Singh (Retd) 8 10 Mr Manav Prakash 9 11 Maj Gen P R S Chaudhary 1 12 Lt Gen J K Sharma 6 13 Mr Rajive Kumar, IAS 3 14 Mr Alok Kumar, IAS 2 15 Brig Rohit Datta 4 16 Brig Rajesh Verma 3 17 Col R P Singh (Retd) 4 18 Col GPS Kaushik (Retd) 3 19 Maj Gen Pravesh Puri 1

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(15) CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO The operations of MB Club are not energy technology intensive. The club however, strives to reduce energy consumption as well as use the latest technology in its operation, to the extent required.

(16) Significant or Material Orders: NA

(17) Risk Management Policy The club proposes to frame a policy to identify key risk areas across the club & prioritize relevant action plans to prevent and/ or mitigate these risks. The internal auditors appointed by the managing committee are responsible to advise and assist the finance committee on an independent basis.

(18) Change in nature or activities No change has been done in the nature or activities of the club.

(19) Subsidiaries, Joint Ventures and Associate Companies The club does not have any subsidiaries, joint ventures and associate companies.

(20) Deposits The club has neither accepted nor renewed any deposits during the year under review.

Provisions of section 123, 135 149(6), 178(1), 186, 204 of the Act, being not applicable, they do not call for any comment.

(21) Managerial Remuneration No employee of the Company Was paid remuneration exceeding limits laid down under Rule 5 (2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

(22) Director’s / Managing Committee’s Responsibilities Statement: Pursuant to section 134(5) of the Companies Act, 2013 the members of the managing committee based on the representations received from the management to the best of their knowledge and belief confirm that:

(a) In the preparation of the annual accounts for the year ended March 31, 2018, the applicable accounting standards read with requirements set out under Schedule III of the Companies Act 2013, have been followed and there are no material departures from the same;

(b) The Directors have 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 Income & Expenditure of the Company for that period ;

(c) The Directors have taken proper and sufficient care for the 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 fraud and other irregularities;

(d) The Directors have prepared the annual accounts on a ‘going concern' basis;

(e) The Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and

(f) The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

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OBITUARIES

The Management records with deep sense of regret, sad demise of the following members and extends heartfelt condolences to the families of the deceased.

SNO NAME MEM NO EXPIRED ON

1 MR S J DUBEY 15620 25.07.2017

2 COL SATISH CHANDRA MALHOTRA 5623 12.08.2017

3 MR S C GUPTA 13361 14.08.2017

4 LT COL R P SINGH 7876 27.10.2017

5 MR IRFAN MOHAD KHAN 5920 28.11.2017

6 MR RAI UMAPAT RAY, IPS 7926 27.01.2018

7 COL SATIASH S NAWARE 12488 04.01.2018

8 MAJ GEN DEVENDER SINGH 15024 14.02.2018

9 MR CHANDER JASNANI 6296 06.03.2018

10 COL J L MATTU 8054 13.03.2018

11 MAJ GEN AJAY MISHRA 10346 03.05.2018

12 LT COL DR VR SRIVASTAVA 8953 23.05.2018

13 MR H R KISHORE , IAS 11328 15.06.2018

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ACKNOWLEDGEMENT

The Management Committee would like to place on record its sincere appreciation for the wholehearted cooperation and support received from all the members. Their constructive suggestions and positive outlook have been very constructive in carrying out improvements at the Club.

I would also like to express my sincere thanks to the Management Committee, for their insight, mature advice, cooperation and their willing and collective efforts in bringing about improvements in a number of areas and in organising various functions successfully.

Our thanks to all our sponsors, which made it possible for us to conduct different functions and sports activities in a befitting manner. Thanks are also due to all those who have donated books for our library.

Our thanks also to our Statutory Auditors, M/S. S N Kapur & Associates for auditing the accounts. Their audit report is attached. The Committee also thanks M/s S Nigam & Co, our internal auditors, for their valuable advice, hard work and for implementing various accounting procedures including the GST in the given time.

Our thanks to Brig Pankaj Sinha, SM, VSM (Retd) & Mr Tarun Raj the Co-Opted Members, Mr Sunil Sharma & Mr. Vishal Mehrotra - our Legal Advisors/Counsels and Mr Pankaj K Gupta our Technical Advisor, for their professional advice and support.

The Management Committee would also like to place on record our appreciation for the dedication and hard work put in by Lt Col Shyam Singh Dhami (Retd), CEO & Secretary MB Club and the entire Staff.

For and on behalf of the Management Committee.

Dr Anup Chandra Pandey, IAS Chief Secretary Govt. of Uttar Pradesh Chairman

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EXTRACT OF ANNUAL RETURN AS ON THE FINANCIAL YEAR ENDED ON 31-03 2018 Form No MGT-9- Annexure-A

EXTRACTOFANNUALRETURNASONTHEFINANCIALYEARENDEDON 31.03.2018 [Pursuant to section 92 (3) of the Companies Act, 2013 and rule12(1)of the Companies (Management and Administration)Rules, 2014]

I REGISTRATIONANDOTHERDETAILS: i. CIN U91990UP1899NPL000033

ii. Registration Date 04/02/1899

iii. Name of the Company THE MAHOMED BAGH CLUB LIMITED

Company licensed under section 25 iv. Category/Sub-Category of the Company (Companies Act 1956) limited by guarantee

Address of the Registered office and contact v. 202 Mahatma Gandhi Marg, Lucknow-226001 details

vi. Whether listed company NO

Name, Address and Contact details of Registrar vii. NA and Transfer Agent, if any

II PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All the business activities contributing10% or more of the total turnover of the company shall be stated:-

Sr. Name and Description of main products/ NIC Code of the % to total turnover of the company

No. services Product/ service

1 Club Services NA NA

III PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES:

S. NAME AND CIN/GLN HOLDING/ %of Applicable

N0 ADDRESS OF SUBSIDIARY shares Section THE /ASSOCIATE held 1 COMPANY

2

The Company does not have any holding, subsidiary and associate company (s). 14

IV SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)

The Company does not have any equity share capital as it is a company limited by guarantee. Hence point no. IV(i), IV(ii), IV(iii), IV(iv) and IV(v) do not call for any comment. i) Category-wise Share Holding Category of No. of Shareholders at the No. of Shareholders at the end of the % Change Shareholders beginning of the year year during The year Demat Physi Total % of Demat Physical Total % of cal Total Total Shares Shares Promoter s (1) Indian a) Individual/HUF b) Central Govt.or State Govt. c) Bodies Corporates d) Bank/FI e) Any other

Sub-total (A)(1):- (2)Foreign a) NRI- Individuals b) Other Individuals c) Bodies Corp. d) Banks/FI e) Any other…

Sub-total (A)(2):- Total shareholding of Promoter (A)= (A)(1)+(A)(2) B. Public Shareholding

(1) Institutions a) Mutual Funds b) Banks/FI C) Central govt d) State Govt. e) Venture Capital Fund f) Insurance Companies g) FIIS h) Foreign Venture Capital Funds i) Others (specify)

Sub-total (B)(1):- 2.Non- Institutions a) Bodies corporates i) Indian ii) Overseas b) Individuals i) Individual shareholders holding nominal share capital upto Rs.1 lakhs

ii) Individuals shareholders holding nominal share capital in excess of Rs. 1 lakhs c) Others (specify)

15

15 i) Individual shareholders holding nominal share capital upto Rs.1 lakhs

ii) Individuals shareholders holding nominal share

capital in excess of Rs. 1 lakhs

c) Others (specify)

C.Shares held by Custodian for GDRs & ADRs Grand Total (A+B+C)

(i i)Shareholding of Pr omoters

Sl Shareholder’s Name Shareholding at the beginning Shareholding at the end of the year No. of the year

No. of %of total %of Shares No. of %of total %of Shares % change Shares Shares of Pledged/ Shares Shares of Pledged/ in share the encumbered the encumbered holding company to total company to total during the shares shares year

1

2 3 Total

(iii)Change in Promoters’ Shareholding

Sl. Shareholder’s Name Shareholding at the beginning Cumulative Shareholding during the No. of the year year No. of %of total shares No. of %of total shares of the shares of the company shares company At the beginning of the year

Date wise increase/ decrease in Promoters 15 Shareholding during the year specifying the reasons for increase/decrease (e.g. allotment/transfer/bonus/s weat equity etc)

At the End of the year

16

(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders of GDRs and ADRs):

Sl. Shareholding at the Cumulative Shareholding No. beginning of the year during the year For Each of theTop10 No of %of total shares of No. of %of total shares of Shareholders shares the company shares the company At the beginning of the year

Date wise Increase/ Decrease in Shareholding during the year specifying the reasons for increase/

decrease (e.g. allotment/ transfer/ bonus/sweat equity etc.):

At the End of the year (or on the date of separation, if separated during the year)

(v)Shareholding of Directors and Key Managerial Personnel:

Sl. Shareholding at the Cumulative Shareholding

No. Beginning of the year During the year

For Each of No. of %of total No. of %of total shares of the the Directors shares shares of the shares company and KMP company At the beginning of the year

Date wise Increase/ Decrease in Shareholding during the year specifying there as on for increase /decrease.(e.g. allotment/ transfer/ bonus/ Aswt etathe EnEdquit of y thetec. )y:e ar

17

V INDEBTEDNESS Indebtedness of the Company including interest outstanding/accrued but not due for payment The Company has not availed any loan during the fiscal year 2016-17 and is a debt- free company Secured Loans Unsecured Deposits Total excluding deposits Loans Indebtedness

Indebtedness at the beginning of the financial year

i)Principal Amount ii)Interest due but not paid iii)Interest accrued but not Total (i+ii+iii) Change in Indebtedness during the financial year · Addition

· Reduction

Net Change Indebtedness at the end of the financial year i)Principal Amount ii) Interest due but not paid iii) Interest accrued but not due Total(i+ii+iii)

VI REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director, Whole-time Directors and/or Manager

Sl. No. Particulars of Remuneration Name of MD/WTD/ Total Manager/ CEO Amount CEO Lt Col Shyam Singh Dhami (Retd) 1. Gross salary (a) Salary as per provisions 6,48,000 6,48,000 containedinsection17(1) of the Income-tax Act, 1961 (b) Value of per quisites u/s 17(2)Income-tax Act, 1961 - - (c)Profits in lieu of salary under section 17(3) Income- taxAct,1961 - - 2. Stock Option - - 3. Sweat Equity - - 4. Commission - - - as% of profit - others, specify… 5. Others, please specify - - Allowances 6. Total(A) 6,48,000 6,48,000

18

B. Remuneration to Other Directors (Independent / Non - Executive) Directors: No remuneration was paid to Other Directors during the fiscal year 2016-17

Sl. Particulars of Remuneration Name of Directors Total no. Amount

------3.IndependentDirectors NA NA NA NA NA

·Fee for attending board committee meetings ·Commission ·Others, please specify

Total(1) NA NA NA NA NA

4.OtherNon-Executive Directors NA NA NA NA NA

·Fee for attending board committee meetings ·Commission ·Others, please specify

Total(2) NA NA NA NA NA Total(B)=(1+2) NA NA NA NA NA Total Managerial NA NA NA NA NA Overall Ceiling as per the Act NA NA NA NA NA Remuneration

C. Remuneration to Key Managerial Personnel (KMP) Other than Manager/ WTD:

No remuneration was paid to KMP during the fiscal year 2016-17.

Sl. Particulars of Remuneration Key Managerial Personnel no. CEO Company CFO Total 1. Gross salary CEO & (a)Salaryasperprovision Secretary scontainedinsection17(1 )of the Income-tax Act,1961

(b)Value of perquisites u/s 17(2)Income-tax Act,1961

(c)Profits in lieu of salary under section 17(3)Income-tax

2. AStcockt,196 Op1 tion 3. Sweat Equity 4. Commission - as% of profit -others ,specify…

5. Others, please specify Total 19

VII. PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES: No penalty, punishment or compounding of offences was applicable imposed on the Company.

21 A. COMPANY 20

2015

15 Section of the Brief Details of Authority Appeal made if any 15 Companies Act Description Penalty/Punishment/ (RD/NCLT/ (give details) Compounding fees Court) imposed

Penalty

Punishment

Compounding

B. DIRECTORS Penalty

Punishment

Compounding

C. OTHER OFFICERS IN DEFAULT Penalty

Punishment

Compounding

20

13

FORM NO. AOC -2 Annexure-B (Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014.

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 transaction under third proviso thereto.

1. Details of contracts or arrangements or transactions not at Arm’s length basis. SL. No. Particulars Details a) Name (s) of the related party & nature of relationship b) Nature of contracts/arrangements/transaction c) Duration of the contracts/arrangements/transaction d) Salient terms of the contracts or arrangements or transaction including the value, if any e) Justification for entering into such contracts or arrangements or transactions’ f) Date of approval by the Board g) Amount paid as advances, if any h) Date on which the special resolution was passed in General meeting as required under first proviso to section 188

2. Details of contracts or arrangements or transactions at Arm’s length basis. SL. No. Particulars Details a) Name (s) of the related party & nature of relationship b) Nature of contracts/arrangements/transaction c) Duration of the contracts/arrangements/transaction d) Salient terms of the contracts or arrangements or transaction including the value, if any e) Date of approval by the Board f) Amount paid as advances, if any

For and on behalf of the Board of Directors Date: 25.08.2018 For The Mahomed Bagh Club Limited Place: Lucknow.

(Director) (Director)

21

GENERAL INFORMATION ARTICLES OF ASSOCIATION

Article 23 ABSENTEE SUBSCRIPTION:

In the event of a member leaving the station, the member shall inform in writing to the Secretary whether he wishes to resign from the membership or wishes to be treated as Absentee Member. The Absentee Membership Subscription shall be payable on annual basis, in advance, as on 01 Apr every year, as fixed and revised from time to time. In the event of an absentee subscription not having been paid for a period of six months from the date of the bill or by September of that calendar year, whichever is earlier, the said Absentee Member will be sent a due notice. Any Absentee Member failing to pay his dues within three months of sending the notice shall cease to be a member ipso facto and shall forfeit all rights and claims to the Club or its property and his name shall be struck off and a note be made against his name and circumstances under which he ceases to be a member. Article 26 (a) NON PAYMENT OF CLUB DUES: All category of Members, shall pay their bills as required under Bye-Laws. a) In case of non –payment of a bill by 30th of the month in which the bill is issued a reminder will be sent by SMS/email. If default continues such persons name shall be posted on the Club Notice Board on 15th of the following month, simultaneously a notice will be sent through Registered Letter/Speed Post/SMS/email with a copy to his Proposer and Seconder and he shall be debarred from all further use of the Club until payment is made. No defaulter member under this article can exercise voting right on any meeting of the Club.

Article 26 (b) b) Any one so posted, failing to pay his account within 30 days from the date of posting shall, if a Member, cease to be a Member, and if not a Member, be debarred from all privileges of the Club. He will be sent a communication to this effect by the Secretary through a Registered Letter/Speed Post/SMS/email and the Proposer and Seconder will be asked to make the payment within 15 days.

Article 26 (e) e) Communication as mentioned in Article 26(a) & (b) once issued from the Club Office will be deemed to have been served on the Member.

Article 30 (a) Any Member found behaving in a manner not consistent with the dignity of the Club, be suspended from the Membership of the Club for a period up to 90 days. Prior to such action, the individual concerned will be served with a show cause notice and allowed up to 15 days’ time to submit reply. The reply shall be considered by the Committee and decision taken with regard to suspension and further action, if any. If due to any reason the Committee meeting cannot be held or if a situation so warrants, the Vice Chairman will be empowered to issue the suspension order which would be ratified by the Committee within 30 days of issue of suspension order. The Vice Chairman will also be empowered to issue suspension order pending an enquiry on disciplinary aspect. In all such cases, the Member concerned may submit an appeal to the Chairman whose decision in the matter shall be final. Bye Law - Rule 110 Dress Code All members/ guests within the Club premises will follow the dress code as listed below: (a) Members will wear dress befitting the status of our club eg collared shirts tucked in trousers with shoes and socks. (b) Please tuck in shirts, Bushirts & Collar T-Shirts. (c) Round Neck Collar Coats are permitted. (d) The following are not allowed in the Club premises:- (a) Fancy Jeans / Cargos (b) T.Shirts without collar (c) Kurta/Pyjama/Churidars (d) Chappal / Sandles /Sports Shoes/Sneaker’s (e) Fancy Jackets

22

S.N.KAPUR & ASSOCIATES C h a r t e r e d A c c o u n t a n t s HEAD OFF: M-5 GOLE MARKET, MAHANAGAR, LUCKNOW-226006 Phone Nos.(off):4016231 |Mobile:9839011549, 9415011673,9839211549

INDEPENDENT AUDITOR’S REPORT

TO,

THE MEMBERS OF THE MAHOMED BAGH CLUB LIMITED, LUCKNOW

Report on the Financial Statements We have audited the accompanying financial statements of THE MAHOMED BAGH CLUB LIMITED (“the Club”), which comprise the Balance Sheet as at 31/03/2018, the Statement of Profit and Loss, for the year ended, and a summary of the significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements The Club’s Managing Committee is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (“the Act”) with respect to the preparation of these financial statements that give a true and fair view of the financial position and financial performance of the Club in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Club and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments 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 financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there under. We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal financial control relevant to the Club’s preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the Club has in place an adequate internal financial controls system over financial reporting and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Club’s Managing Committee, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the financial statements.

Opinion In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India; a) in the case of the Balance Sheet, the state of affairs of the company as at March 31st 2018; b) in the case of the Statement of Income and Expenditure, for the year ended on that date;

Report on Other Legal and Regulatory Requirements

1. As required by section 143(3) Act, based on our audit we report that:

23

a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit; b) In our opinion proper books of accounts as required by law have been kept by the company so far as appears from our examination of those books; c) The Balance sheet and the Statement of Income and Expenditure Account dealt with by this report are in agreement with the books of accounts; d) In our opinion , the aforesaid financial statements comply with the Accounting Standards specified under section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014; e) On the basis of written representations received from the directors as on 31st March,2018, taken on record by the Board of Directors, none of the directors is disqualified as on 31st March,2018, from being appointed as a director in terms of section 164(2) of the Act; f) With respect to the adequacy of the Internal Financial Controls over financial reporting of the club and the operating effectiveness of such controls, refer to our separate report of even date as per Annexure A; g) With respect to the others matters included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opnion and to the best of our information and according to the explanations given to us: i. The Club has disclosed the impact of pending litigation in Note no. 19 of the financial statements. ii. The Club did not have any long-term contracts including derivatives contracts for which there were any material foreseeable losses. iii. There were no amounts which required to be transferred to Investor Education and Protection Fund by the company.

For S.N.KAPUR & ASSOCIATES Chartered Accountants (F.R. No.:- 001545C)

(CA. AVICHAL SN. KAPUR) Partner (M.No. 400460)

Place: Lucknow Date: 26 Aug 2018

24

S.N.KAPUR & ASSOCIATES C h a r t e r e d A c c o u n t a n t s HEAD OFF: M-5 GOLE MARKET, MAHANAGAR, LUCKNOW -226006 Phone Nos. (Off):4016231 | Mobile: 9839011549, 9415011673, 9839211549

Annexure A referred to in our Independent Auditor’s Report of even date to the members of The MB Club Ltd. on the financial statement for the year ended on 31st March, 2018

Report on the Internal Financial Controls with reference to financial statement under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”) We have audited the internal financial controls over financial reporting of THE MAHOMED BAGH CLUB LIMITED (“The Club”) as of March 31, 2018 in conjunction with our audit of the standalone financial statements of the Club for the year ended on that date.

Management’s Responsibility for Internal Financial Controls The Club’s Management is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Club considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India. These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to Club’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Companies Act, 2013.

Auditors’ Responsibility Our responsibility is to express an opinion on the Club's internal financial controls over financial reporting based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the “Guidance Note”) and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered Accountants of India. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects. Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial control system over financial reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and operating effectiveness of internal control based on the assessed risk. The procedures selected depend upon on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Club’s internal financial controls system over financial reporting.

Meaning of Internal Financial Controls over Financial Reporting A clubs internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. The club’s internal financial control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Club; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Club are being made only in accordance with authorizations of management and directors of the Club; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the club's assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls over Financial Reporting Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Opinion According to the information and explanations given to us and based on our audit, the following material weaknesses have been identified as at March 31, 2018: (a) The Club did not have an appropriate internal control system regarding establishing member’s credit limits for availing services of the club. Out of aggregate trade receivables from members at Rs.90.35 lacs as on 31.03.18, Rs.40.04 lacs is owed by the members to the club since more than 6 months, 25

(b) We could not be shown evidence regarding the compliance with section 149(8) and clause (II)(4) of Schedule IV of the Companies Act, 2013 requiring satisfaction on the integrity of financial information and that the financial controls and the systems of risk management are robust and defensible. In our opinion, except for the effects/probable effects of the material weaknesses described above on the achievement of the objectives of the control criteria, the Club has maintained in all material respects, adequate internal financial controls over financial reporting and such internal financial controls over financial reporting were operating effectively as at 31st March, 2018 based on the internal control over financial reporting criteria established by the Club considering the essential components of the internal control stated in the guidance note on audit of internal financial control over financial reporting issued by the Institute Of Chartered Accountants Of India. We have considered the material weaknesses identified and reported above in determining the nature, timing, and extent of audit tests applied in our audit of March, 31st 2018 financial statements of the Club and these material weakness does not affect our opinion on the financial statements of the Club.

For S.N.KAPUR & ASSOCIATES Chartered Accountants (F.R. No.:- 001545C)

(CA. AVICHAL SN. KAPUR) Partner (M.No. 400460)

Place: Lucknow Date: 26 Aug 2018

26

THE MAHOMED BAGH CLUB LTD BALANCE SHEET AS ON 31st MARCH 2018 Rs Rs 31/03/2018 31/03/2017 Note Figures as at the end Figures as at the end Particulars No of current reporting of current reporting period period I. EQUITY AND LIABILITIES (1) Shareholder's Funds (a) Share Capital - - (b) Reserves and Surplus 1 13,36,26,877.25 11,61,41,702.26 (c) Money received against share warrants - - (2) Share application money pending allotment (3) Non-Current Liabilities (a) Long-term borrowings - - (b) Deferred tax liabilities (Net) - - (c) Other Long term liabilities 2 2,85,18,712.00 2,67,71,742.00 (d) Long term provisions - - (4) Current Liabilities (a) Short-term borrowings - - (b) Trade payables 47,26,250.27 46,89,831.33 (c) Other current liabilities 3 81,67,111.31 76,48,238.31 (d) Short-term provisions 4 92,05,355.18 77,76,368.04 Total 18,42,44,306.01 16,30,27,881.94 II. Assets (1) Non-current assets (a) Fixed assets (i) Tangible assets 5 5,04,14,942.26 4,82,36,440.10 (ii) Intangible assets - - (iii) Capital work-in-progress - 14,77,490.00 (iv) Intangible assets under development - - (b) Non-current investments 6 10,74,54,160.13 9,46,55,764.21 (c) Deferred tax assets (net) - - (d) Long term loans and advances 7 4,24,734.00 4,25,234.00 (e) Other non-current assets - -

(2) Current assets

(a) Current investments - -

(b) Inventories 8 63,64,398.10 54,51,559.91

(c) Trade receivables 9 90,35,547.81 78,73,614.82

(d) Cash and cash equivalents 10 55,51,109.65 22,14,850.15

(e) Short-term loans and advances 11 34,83,384.06 26,92,928.75

(f) Other current assets 15,16,030.00 -

Total 18,42,44,306.01 16,30,27,881.94

"As per our reports of even date" For S N Kapur & Associates Chartered Accountants (F.R. No.:- 001545C) Dr Anup Chandra Pandey, IAS Maj Gen Pravesh Puri Mr Alok Kumar, IAS

CA Avichal S N Kapur Mr P C Meena, IPS Brig Sanjay Sethi Brig Rohit Datta Partner (M.No. 400460) Place-Lucknow Brig S K Sharma Col G P S Kaushik (Retd) Col R P Singh (Retd) 26 Aug 2018 Maj R D Singh (Retd) Lt Col Shyam Singh Dhami (Retd) CEO & Secretary

27

THE MAHOMED BAGH CLUB LTD STATEMENT OF INCOME & EXPENDITURE ACCOUNT FOR THE PERIOD FROM 01 APRIL 2017 TO 31 MARCH 2018 Rs Rs 31/03/2018 31/03/2017 Note Particulars No Figures as at the Figures as at the end of current end of current reporting period reporting period

I. Revenue from operations 12 4,63,64,287.47 3,97,20,392.98

II. Other Income 13 95,48,646.68 93,11,067.09 III. Total Revenue (I +II) 5,59,12,934.15 4,90,31,460.07 IV. Expenses: Cost of materials consumed 4 1,99,45,794.28 1,86,70,019.05 Purchase of Stock-in-Trade - - Changes in inventories of finished goods, work-in-progress and Stock-in- Trade - - Employee benefit expense 5 1,69,34,308.80 1,75,65,332.61 Financial costs 11,86,000.00 - Depreciation and amortization expense 62,19,927.84 66,18,371.86 Other expenses 6 1,13,60,758.24 1,05,78,971.65 Total Expenses 5,56,46,789.16 5,34,57,181.17 V. Profit before exceptional and extraordinary items and tax (III - IV) 2,66,144.99 (44,01,235.10) VI. Exceptional Items - - VII. Profit before extraordinary items and tax (V + VI) 2,66,144.99 (44,01,235.10) VIII. Extraordinary Items 17 - (17,96,139.00) IX. Profit before tax (VII - VIII) 2,66,144.99 (61,97,374.10) X. Tax expense: (1) Current tax 11,83,970.00 8,00,000.00 (2) Deferred tax - - XI. Profit(Loss) from the period from continuing operations (IX-X) (9,17,825.01) (69,97,374.10) XII. Profit/(Loss) from discontinuing operations - - XIII. Tax expense of discounting operations - - XIV. Profit/(Loss) from Discontinuing operations (XII - XIII) - - XV. Profit/(Loss) for the period (XI + XIV) (9,17,825.01) (69,97,374.10) XVI. Earning per equity share: - - (1) Basic - - (2) Diluted - -

"As per our reports of even date" For S N Kapur & Associates Chartered Accountants (F.R. No.:- 001545C) Dr Anup Chandra Pandey, IAS Maj Gen Pravesh Puri Mr Alok Kumar, IAS

CA Avichal S N Kapur Mr P C Meena, IPS Brig Sanjay Sethi Brig Rohit Datta Partner (M.No. 400460) Place-Lucknow Brig S K Sharma Col G P S Kaushik (Retd) Col R P Singh (Retd) 26 Aug 2018 Maj R D Singh (Retd) Lt Col Shyam Singh Dhami (Retd) CEO & Secretary

28

THE MAHOMED BAGH CLUB LTD NOTES TO ACCOUNTS 31/03/2018 31/03/2017 Figures as at the Figures as at the end of S.No. Particulars end of current current reporting period reporting period 1 Reserve and Surplus Entrance & Restoration Fee(Non- Refundable): Opening Balance 12,00,81,397.36 11,53,51,397.36 Add: Recd during the year 1,84,03,000.00 47,30,000.00

Closing Balance 13,84,84,397.36 12,00,81,397.36 Surplus: Opening Balance (39,39,695.10) 30,57,679.00 Add: Excess of expenditure over income during the year (9,17,825.01) (69,97,374.10)

Closing Balance (48,57,520.11) (39,39,695.10) Total 13,36,26,877.25 11,61,41,702.26 2 Other long term liabilities Security Deposit 2,47,98,712.00 2,30,01,742.00 Registration Deposit (Refundable) 37,20,000.00 37,70,000.00

Total 2,85,18,712.00 2,67,71,742.00 3 Other current liabilities Advance from Members 66,22,152.87 62,59,963.79 Earnest money against tender 2,28,392.00 1,83,392.00

Cash card security 1,86,500.00 1,83,750.00

Cash Card A/c 11,30,066.44 10,21,132.52 Total 81,67,111.31 76,48,238.31 Short-term provisions 4 Gratuity 74,79,766.29 68,30,937.83 Service Tax Payable/GST/VAT 9,78,652.89 4,74,847.21 Tax Deducted at Source 28,598.00 - Employee Distress Relief Fund 6,95,865.00 4,40,585.00 Works Contract TDS 22,473.00 29,998.00 Total 92,05,355.18 77,76,368.04 Tangible assets (As per Fixed Assets Schedule attached) 5 Land/Building/Plant & Equipment/Furniture & Fixtures/

Vehicles/Office Equipment/Others(individually)

Opening balance 4,82,36,440.10 5,28,62,897.96 Add: Additions during the period 83,98,430.00 22,39,748.00 Sub total 5,66,34,870.10 5,51,02,645.96 Less: Disposals - 2,47,834.00 Gross block at the period end(a) 5,66,34,870.10 5,48,54,811.96

Less: Depreciation Opening depreciation Depreciation during the year 62,19,927.84 66,18,371.86 Total accumulated depreciation(b) 62,19,927.84 66,18,371.86 Net carrying value (a) - (b) 5,04,14,942.26 4,82,36,440.10 Total 5,04,14,942.26 4,82,36,440.10 6 Non-current investments Investments In Fixed Deposits 10,74,54,160.13 9,46,55,764.21 Total 10,74,54,160.13 9,46,55,764.21 7 Long Term Loans and Advances Security Deposits 4,24,734.00 4,25,234.00 Total 4,24,734.00 4,25,234.00

29

NOTES TO ACCOUNTS 31/03/2018 31/03/2017 S. No. Particulars Figures as at the Figures as at the end end of current of previous reporting reporting period period 8 Inventories Bar & Soft Drinks 47,91,979.21 41,72,121.69 Catering Stores 2,16,352.89 2,18,168.22

Glassware & Crockery 10,62,181.00 8,45,567.00 Telephone Directory 1,400.00 1,400.00 Tie 4,000.00 6,750.00

Mementoes 1,13,500.00 -

Smart card 1,74,985.00 2,07,553.00 Total 63,64,398.10 54,51,559.91 Trade receivables 9 Debtors upto six month 50,30,712.67 40,33,274.28

Debtors exceeding six months 39,23,394.69 38,40,340.54

Doubtful Debtors 81,440.45 - Total 90,35,547.81 78,73,614.82 Cash and cash equivalents 10 Balances with various banks HDFC Bank C/A 34,28,767.84 13,50,730.80 IDBI Bank Ltd C/A 10,874.00 10,874.00

SBI C/A & Auto Sweep 13,93,922.05 1,56,406.10 Yes Bank C/A & Auto Sweep 4,16,084.76 5,18,869.25 Kotak Mahindra Bank 1,97,277.00 1,00,000.00

SBI Online A/c 19,995.00 19,995.00

Cash in hand 84,189.00 57,975.00 Total 55,51,109.65 22,14,850.15 11 Short term loans and advances Advances recoverable( Employees, Contractors, etc) 18,46,103.82 15,79,254.47

TDS Receivable 16,37,280.24 11,13,674.28

Total 34,83,384.06 26,92,928.75 Revenue from operations(for companies other than a finance company) Revenue from- Sale of products, Sale of Service 12 Club Subscription 1, 10,73,817.00 78,94,373.00 Bar Sale 1,02,93,105.61 99,78,119.17 Billiard Charges 12,880.00 5,800.00

Guest Charges 4,15,733.00 4,21,615.00

Area Reservation Charges 53,52,182.00 52,14,408.00 Dependent/Duplicate Cards 1,810.00 2,550.00 Catering Sale 1,33,04,170.43 133,00,493.68

Card Table Money 1,91,250.00 2,09,725.00 Sale of Membership Forms 1,12,294.00 13,222.00 Chamber Maintenance Charges 32,00,790.18 18,35,672.38

Catering under own arrangement 2,33,649.00 1,85,941.00

Parking Fees - 42,020.00 Library Subscription 7,72,606.25 3,76,453.75 Registration fees Non Refundable :Member & 14,00,000.00 2,40,000.00 Contractor Total 4,63,64,287.47 3,97,20,392.98

30

NOTES TO ACCOUNTS 31/03/2018 31/03/2017 S. Figures as at the Figures as at the end of Particulars No end of current previous reporting period reporting period

13 Other Income Interest on FDRs & Others 79,78,179.76 82,31,700.91 Sale of Bye-Laws 450.00 500.00 Other (Surcharge) 5,39,367.80 3,92,944.35 Miscellaneous Income 75,521.48 75,158.83 Gymkhana Charges Outdoor 2,56,338.64 2,71,410.00 Sale of Old Magazine and Newspapers 4,184.00 5,040.00 Tender Form 76,600.00 63,305.00 Entertainment Club Activity Fund - 1,73,083.00

Sports Subscription 6,18,005.00 97,925.00 Total 95,48,646.68 93,11,067.09 14 Cost of materials consumed Bar consumption Opening 41,72,121.69 29,84,072.18 Add: Purchases 88,36,973.87 94,09,786.13 Less: Closing stock 47,91,979.21 41,72,121.69

82,17,116.35 82,21,736.62 Catering consumption Opening 2,18,168.22 1,55,630.96 Add: Purchases 1,16,70,842.60 1,04,54,819.69 Less: Closing stock 2,16,352.89 2,18,168.22 1,16,72,657.93 1,03,92,282.43 Card consumption Opening - - Add: Purchases 56,020.00 56,000.00 Less: Closing stock - - 56,020.00 56,000.00 Total 1,99,45,794.28 1,86,70,019.05 15 Employee benefits expense Salaries, wages & Bonus 1,49,75,155.34 1,49,05,210.28 Contribution to Provident Fund 2,17,585.00 64,659.00 Contribution to Family Pension Fund 4,91,343.00 3,53,115.00 Contribution to Deposit Linked Insurance Scheme 26,969.00 24,165.00 Administrative charges 38,386.00 35,279.00 Staff Welfare Charges 3,68,042.00 6,32,773.90 Provision for Service Gratuity 7,31,178.46 13,92,329.43 ESI 85,650.00 1,57,801.00

Total 1,69,34,308.80 1,75,65,332.61 16 Other expenses Printing & Stationery 3,38,872.36 3,41,354.03 Postage & Telephone 2,16,931.00 1,87,693.00 Conveyance & Travelling 1,37,691.00 70,907.00 Electricity Charges 55,60,888.84 53,12,634.02 Rent, Rate and Taxes 2,39,732.00 2,44,464.00 Legal And Professional 1,24,425.00 4,26,156.00 Electrical Goods Consumed 5,05,147.00 3,04,258.00 Repairs to Building 9,92,738.00 4,42,727.00

Repairs to Plant & Machinery 6,06,099.00 5,54,359.78

Other repairs & maintenance 3,66,079.00 3,38,578.00

General & Club Upkeep Expenditure 8,62,606.33 6,57,831.45

Newspaper & Periodicals 43,795.00 35,134.00 Generator Expenses 2,08,086.56 1,52,680.50 Garden Expenses 31,312.00 14,220.00

31

NOTES TO ACCOUNTS 31/03/2018 31/03/2017 Figures as at Figures as at the end of the end of Particulars previous reporting current reporting period period Security Guard 15,575.00 15,297.50 Computer Expenses 2,04,760.00 2,93,074.00 Advertisement 1,26,826.00 1,22,471.00 Statutory Auditor Remuneration 20,000.00 20,000.00 TDS Interest - 13,494.00 Fake Currency AY 2016-17 - 1,000.00 Bank Charges 49,440.65 6,543.66 Insurance 18,177.00 19,955.00 Bad Debts written off - 8,69,523.71 Property W/off A/c - 59,034.00 Glassware & Crockery Exp - 75,582.00 Entertainment Club Activity Fund 6,91,576.50 Total 1,13,60,758.24 1,05,78,971.65

17 Extraordinary Items Assessment under Section 143 (3) of the IT Act 1961 - 17,96,139.00 Total - 17,96,139.00

"As per our reports of even date" For S N Kapur & Associates Chartered Accountants (F.R. No.:- 001545C) Dr Anup Chandra Pandey, IAS Maj Gen Pravesh Puri Mr Alok Kumar, IAS

CA Avichal S N Kapur Mr P C Meena, IPS Brig Sanjay Sethi Brig Rohit Datta Partner (M.No. 400460)

Place-Lucknow Brig S K Sharma Col G P S Kaushik (Retd) Col R P Singh (Retd) 26 Aug 2018

Maj R D Singh (Retd) Lt Col Shyam Singh Dhami (Retd) CEO & Secretary

32

THE MAHOMED BAGH CLUB LTD, LUCKNOW SCHEDULE (1) OF FIXED ASSETS FORMING INTEGRAL, PART OF BALANCE SHEET AS AT 31 MARCH 2018

1 2 3 4=(1+2) - 3 4 SL 5 6=(3-5) Depreciated Addition/ Sales / Value as on Rate of No Name of Assets Depreciation For Value As On Value as on Renovation Reimbursement 31-03-18 before Deprecati . The Year 31-03-2018 1st April 2017 During the Year during the year Depreciation on

1 Building 3,96,32,335.90 64,92,483.00 4,61,24,818.90 9.51% 41,60,686.72 4,19,64,132.18

2 Electrical Appliances 25,21,523.82 5,60,869.00 30,82,392.82 25.89% 5,64,653.69 25,17,739.13

3 Air Conditioning Plant 9,02,400.74 2,44,800.00 11,47,200.74 18.10% 2,00,274.21 9,46,926.53

4 Furniture And Fittings 14,07,989.79 5,67,230.00 19,75,219.79 31.23% 5,14,762.13 14,60,457.66

5 Electric Pumps 1,98,952.21 1,98,952.21 25.89% 52,145.56 1,46,806.65

6 Utensils 2,52,417.04 87,895.00 3,40,312.04 18.10% 53,641.52 2,86,670.52

7 Library Books 1,40,664.10 13,025.00 1,53,689.10 18.10% 27,110.47 1,26,578.63

8 Musical Instruments 2,21,376.45 7,000.00 2,28,376.45 18.10% 40,836.96 1,87,539.49

9 Office Equipment 1,119.97 665.00 1,784.97 45.07% 805.49 979.48

10 Generator 6,67,961.05 6,67,961.05 18.10% 1,20,928.48 5,47,032.57

11 Gymkhana Capital 3,58,364.09 2,75,375.00 6,33,739.09 18.10% 66,444.70 5,67,294.39

12 Computer 1,81,123.48 1,10,594.00 2,91,717.48 63.16% 1,30,293.20 1,61,424.28

13 Cycle 12,906.23 12,906.23 18.10% 2,337.31 10,568.92 Gymnasium 14 3,21,213.22 9,500.00 3,30,713.22 18.10% 58,485.44 2,72,227.78 Equipment 15 Computer Software 33,298.87 28,994.00 62,292.87 39.30% 22,010.09 40,282.78

16 Kitchen Equipment 6,29,101.60 6,29,101.60 18.10% 1,13,921.17 5,15,180.43

17 Motor Veh 87,155.78 87,155.78 31.23% 27,252.61 59,903.17

18 Synthetic Tennis Court 6,66,535.76 6,66,535.76 9.50% 63,338.09 6,03,197.67

19 Work in Progress 14,77,490.00 - - TOTAL 4,97,13,930.10 83,98,430.00 - 5,66,34,870.10 62,19,927.84 5,04,14,942.26

"As per our reports of even date" For S N Kapur & Associates Chartered Accountants (F.R. No.:- 001545C) Dr Anup Chandra Pandey, IAS Maj Gen Pravesh Puri Mr Alok Kumar, IAS

CA Avichal S N Kapur Mr P C Meena, IPS Brig Sanjay Sethi Brig Rohit Datta Partner (M.No. 400460) Place-Lucknow Brig S K Sharma Col G P S Kaushik (Retd) Col R P Singh (Retd) 26 Aug 2018

Maj R D Singh (Retd) Lt Col Shyam Singh Dhami (Retd) CEO & Secretary

33

THE MAHOMED BAGH CLUB LIMITED, LUCKNOW NOTES ON ACCOUNTS – SCHEDULE 2 ANNEXED TO AND FORMING PART OF THE BALANCE SHEET AS AT 31ST MARCH 2018 AND INCOME & EXPENDITURE ACCOUTNS FOR THE YEAR ENDED ON THAT DATE. 1. Significant Accounting Policies a) Overview The Mahomed Bagh Club Limited was incorporated and registered under The Indian Companies Act, 1833 as a limited company association on 4th February, 1899 formed for purposes not for gain. It is a company registered under section 25 of The Companies Act, 1956/ Now Section 8 of The Companies Act, 2013. b) Basis of preparation of Financial Statement: The Financial Statements have been prepared on a going concern basis, on historical cost convention and on accrual method of accounting in accordance with the generally accepted accounting principles the applicable Accounting Standards notified under section 133 and the relevant provisions of the Companies Act, 2013 and except Cash Flow Statement. 2. Fixed Assets: It has been confirmed that the Fixed Assets have been physically verified by the management at reasonable intervals and no material discrepancies have been noticed on such verification during the year. Fixed assets are shown at their “written down values” after deducting depreciation. Additions to the assets are inclusive of taxes, duties and freight incurred. 3. Depreciation on Fixed Assets: The Club was incorporated in the year 1899, and traditionally the fixed assets are being shown on written down value method arrived at after charging the depreciation as per the Income Tax Act, 1961 instead of gross block as required by the Revised Schedule VI of The Companies Act, 1956 now known as Revised Schedule III of The Companies Act, 2013. Depreciation on fixed assets in the current reporting period is provided on “written down value method” as per their useful life and residual value prescribed under Schedule III of The Companies Act, 2013 as the same has been made mandatory from 01/04/2014. Depreciation on additions to the assets during the year is being provided on pro-rata basis with reference to the date of acquisition / installation as specified under Schedule III of the Companies Act,2013 4. Inventories Inventories of different items are valued at lower of cost or market value, on first in – first out basis. Physical verification of inventory of trading goods has been conducted by the management and the internal auditors on a regular basis. The procedure of physical verification of inventories followed by the management and the internal auditors are reasonable, and adequate in relation to the size of the Club and the nature of its business. On the basis of our examination of the records of the inventory, we are of the opinion that the Club is maintaining proper records of inventory. Discrepancies (if any) noticed on physical verification between the stock of trading goods and the book records have been appropriately dealt with by the Management. 5. Trade Receivables Includes Rs.39,23,394.69 being Debtors exceeding six months of which Rs.81,440.45 being doubtful of recovery for which no provision has been made in the books of accounts in view of efforts for the recovery of the same by the management.

6. Gratuity & Other Retirement Benefits:-

Provision in respect of payment of gratuity liability has been made in the accounts of Rs. 74,79,766.29 and same will be charged in the year in which the same is paid or becomes payable. 7. Revenue Recognition:- As per Accounting Standard – 9 (AS -9) issued by Institute of Chartered Accountants of India the Income / revenue has been recognized on accrual basis. 8. Prior Period Items & Change in Accounting Policies:- (i) Ordinary Activities:- All those activities which are undertaken by the company as part of its business of such size, nature or incidence that their disclosure is relevant to explain the performance of the enterprises has been disclosed separately. (ii) Changes in Accounting Policies:- A change in the accounting policies necessitated due to change in the statutes or in compliance with accounting standards or adopting different accounting policies or if it is considered that change would result in a more appropriate presentation of financial statement which has material effect either in the year in which such changes are made or also in the subsequent year have been suitably disclosed in financial statements. No such changes have been made in the Accounting Policies in the respective Financial Year. (iii) Prior period items:- Prior period items are income or expenses which arise in the current period as a result of errors or omissions in the preparation of the financial statements of one or more prior periods. There were no Prior Period Expenses& Incomes for Financial Year 2017-18. 9. Contingencies / Events Occurring after the Balance Sheet date: In Compliance to Accounting Standard – 4 Contingencies and Events Occurring after the Balance Sheet Date issued by ICAI and which is mandatory in nature it is found that the Club is regular in depositing undisputed statutory dues including Provident Fund, Income Tax, Service Tax, Cess, VAT and any other statutory dues with appropriate authorities. According to the information and explanations given to us and the records of the Club examined by us, the particulars of dues as at 31st March, 2018 which have not been deposited on account of a

34

dispute, (contingent liability) is the provision for gratuity includes a sum of Rs.41,614.00 due to persons no longer in the employment of the club. Amount remains unpaid due to pending litigation. 10. Provisions All those liabilities which are known but unascertained have been provided for in the accounts. Following provisions have been created during the financial year:- Gratuity 74,79,766.29 GST Payable 9,78,652.89 Employee Distress Relief fund 6,95,865.00 Works Contract TDS 22,473.00 11. In our opinion and according to the information and explanations given to us, there are adequate internal control procedures commensurate with the size of the Club and the nature of its business for the purchase of inventory and fixed assets and for the sale of goods and services. During the course of our audit, no major weaknesses have been noticed in the internal controls. 12. In our opinion, the Club has an internal audit system commensurate with the size and nature of its business.

13. Investments: Interest on fixed deposit receipts have been accounted for on accrual basis after obtaining certificates from the bank.

14. Security Deposits, Registration Deposit and Trade Receivables and parties accounts are subject to confirmation from the respective parties.

15. Capital expenditure :

Capital expenditure of Rs.83,98,430.00 has been incurred during the year for construction / renovation of the club building and other fixed assets of the club.

16. Figures for the previous year have been regrouped / rearranged wherever found necessary so as to make them comparable with the figures of the current year.

17. In case of Advance to Contractor, Advance to Employee & Advance to purchase no steps are taken by the management to recover the amount from the contractors, employee and purchase shown under the head Non recoverable. A total of Rs. 89,305/- from Advance to contractor and Rs.46,548/- from Advance to employee is non-recoverable from the contractor and employee.

18. Additional information pursuant to paragraph 3C & 5I of Part II of Schedule III of the Companies Act, 2013 as applicable to the club. Expenditure / receipt in foreign currency during the financial year was: Nil.

Additional information required under Schedule III is as under:-

Legal & Professional expenses Financial Year Financial Year includes 2017-18 2016-17 (a) Remuneration of Internal Auditors 89,085.00 1,53,136.00 (b) Payment to Previous Statutory Auditor:- (i) Audit Fee - (ii) Other Services - - 73,150.00 (c) Payment to Statutory Auditor (i) Auditor (ii) For Taxation Matters (Service Tax, 20,000.00 20,000.00 Income Tax, & VAT Audit) - - (iii) For Company Law Matters (iv) For Other Services (v) For Reimbursement Of Expenses - -

- - - - (d) Reimbursement of Legal expenses 59,870.00 35,340.00

(e) Payment to other Lawyers for Court cases - 1,20,000.00

35

19. Contingent Liability:- Income Tax:- Income Tax Case for the A.Y. 2014-15, under section 143(3) of the Income Tax Act 1961, wherein a demand of Rs.1,19,74,260.00 has been raised. Appeal to the First Appellate Authority has been made.

"As per our reports of even date" For S N Kapur & Associates Chartered Accountants (F.R. No.:- 001545C) Dr Anup Chandra Pandey, IAS Maj Gen Pravesh Puri Mr Alok Kumar, IAS

CA Avichal S N Kapur Mr P C Meena, IPS Brig Sanjay Sethi Brig Rohit Datta Partner (M.No. 400460) Place-Lucknow Brig S K Sharma Col G P S Kaushik (Retd) Col R P Singh (Retd) 26 Aug 2018

Maj R D Singh (Retd) Lt Col Shyam Singh Dhami (Retd) CEO & Secretary

36

AFFILIATED CLUBS : STATE WISE

STD S No. Category E-mail Phone No. Fax Accn Code Andhra Pradesh Telangana 2780 4840/41/42/43 Secundrabad Club Ltd ,Picket Secundrabad www.secundarbadclub.org 1. (040) 2780 0011 & 27800099 2780 1763 Y

(A.P.) [email protected] 6704 1111 Chiraanfort Club Ltd 1-8-333&334'A' Wane [email protected] 2. opp. , Police Lines, Near Hounda Office (040) 39841100 39841144 Y

www.chiraanfort.com Secundrabad-500003 Bihar

Bankipore Club Ltd Judge Court Road, 2677409, 2677109

3. [email protected] (0612) Y Patna-800001

Chandigarh 4. DSOI, Sector – 36-C, Chandigarh (0172) 2606428, 2606427 2708042

Chandigarh Club Ltd 2740144, 2740206,

5. www.chandigarhclubltd.com (0172) Y Sector-1, Chandigarh 2743388 Goa CEO & Clube Tennis de Gaspar Dias Panji, Goa – [email protected] 2462220 & 2462221 6. (0832) 403 001 m 2463491 & 2463492 www.clubegaspardias.com Gujrat Ahmedabad Gymkhana Club, Nr. Camp www.ahmedabadgymkhana.com 22867161 7. Hanuman, Cantonment , Shahibaug, (0079) Y [email protected], Ahmedabad - 380 003 Ellisbridge Gymkhana, Netaji Marg, [email protected] 8. (079) 26425240 - 45 26425239 Y Ahmedbad www.ellisbridgegymkhana.com Gulmohar Greens – Golf & Country Club Ltd, Next to “Gokul-Vrindavan”, Offi Sarkhej-Sanand Highway, 9. [email protected] 079 9687628050/51/52/53/54 Y Villiage : Kolat, Taluka : Sanand, District : Ahmedabad – 382 110 Haryana 10. Sirhind Club, Ambala Cantt (171) 2640602 Y [email protected] , CEO & Defence Service Officers' Institute 11. [email protected] (0124) 2365228, 4554700 Y H- Block, Palam Vihar, Gurgaon (Haryana) Karnataka Mangalore Club Near Morgans' Gate Jeppu www.mangaloreclub.com 2414146 2414148 12. (0824) 2414149 Y Mangalore - 575 001 [email protected] 9243211297 22214121, 22211124 Century Club, Cubbon Park, [email protected] 13. (91-080-) 22211633, 22273975 2227889 Y Bangalore - 556 001 www.centuryclub.in 22215122 Bangalore Club, No.10 Field Marshal, K.M/ CEO & 14. [email protected] (080) 40220000,66060000 22273605 Y Cariappa Road, Bangalore www.bangaloreclub.com The Koramangla Club CA-17,6th Cross VI [email protected] 15. (080) 4267 9000 25529494 Y Block, Koramangla Bangalore www.koramangala.org Catholic Club, Bangalore Defence www.catholiclub.com 49023333 16. MIC, Affiliations, 22, Museum Road, [email protected], CEO & (080) 25587593 -

Bangalore -560025 [email protected]

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Kerala Y Regency Club Kuttanellur ,Thissur, Kerala – [email protected] 17. (0487) 2350837, 2353101 2355651

680014 www.regencyclubthrissur.com

[email protected]. Lotus Club Warriam Road, Ernakulum, Cochin (0484) 2352456, 2366737, 18. in 2381596 Y Pin-682016 (0484) 2381595 www.lotusclub.in NRI Club, Trivandrum Kerala, India 19. [email protected] (0471) 4228888 Y

Madhya Pradesh Jaiwaji Club Srimant Madhao rao Scindia 2324110 20. (0751) Y Marg, Gwalior - 474009 9425109134 Yashwant Club Ltd [email protected], 2544534, 2549522, 21. (0731) Y Race Course Road, Indore - 452003 www.yeshwantclub.in 2549523, 2549524 2548248 nerbuddaclub.jabalpur@gm Nerbudda Club Cantonment, Jabalpur 2692637, 22. ail.com (0761) N Pin - 482 001 (M.P.) 2621326 www.nerbuddaclub.com Maharastra Bombay Gymkhana Club Ltd ,Mahatma Gandhi [email protected] 22070311-12-13-14 2070431 23. bombaygym@bombaygyamkhana. (022) N Marg,Fort, Mumbai - 400001 22070763 22070766 2071401 com,www.bombaygymkhana.com Royal Bombay Yatch Club ,Apollo Bunder [email protected] 24. (022) 67527200 22021880 22021014 Y Colaba, Mumbai - 400039 www.royalbombayyatchclub.com The Bombay Presidency Radio Club Ltd, 22845121 / www.radioclub.in 25. Mumbai, 157, Arthur Bunder (022) 23 / 22845025/ 22833213 - [email protected] Road, Colaba, Mumbai 71/75 United Service Club ,Robert Road,Near RC www.usclub.co.in 22150413, 22150881 26. [email protected], (022) 22150881 Y Church, Colaba Mumbai [email protected] 22150406 The Cricket Club of India Ltd ,J N Tata

27. Pavilion, Baraboune Stadium, Dinshaw Vachha [email protected] (022) 22876051 22839721 22835465 Y Road, Mumbai-20 Poona Club Ltd 6, Bund Garden Road, Pune- CEO & 26360083 28. [email protected] (020) 26360447 Y 411001 85/86,26362084 www.poonaclubltd.com Royal Connaught Boat Club 7/8, Boat Club [email protected] 26163512 –14, 29. (020) 26163511 Y Road, Pune - 411001 www.boatclubpune.com 7798881794 www.pycgymkhana.com PYC Hindu Gymkhana CTS No. 766, F.P No. [email protected] , 30. (020 ) 25663006/7 Y 244, Bhandarkar Road, Pune–411004 [email protected] m [email protected] The Corinthian Club Nyati Enclave, Pune- [email protected] 31. (020 ) 26952222 26952211 6816691 Y 411028, www.thecorinthinanspune.com New Delhi

Delhi Gymkhana Club Ltd 2, Safdarganj Road, dgcCEO & [email protected] 23015531/35/ 32 www.delhigymkhana.org.in (011) Y New Delhi-110011, 23012773 [email protected] 23010584 New Friends Club Mathura Road, New Delhi – [email protected] 26916725 26326656 33 (011) 26917890 Y 110025 www.friendsclub.in 26328235 DSOI Dhaula Kuan, Dhaula Kuan, Delhi Cantt- www.dsoidelhi.org 34. (011) 25694081-85 25691462 - 110010 [email protected] ECLUB Dolly Farms & Resorts Pvt. Ltd 439, 26653509, 26653509 35153331 35. Village Shahoorpur P.O Fatehpur Beri, New www.eclub.co.in [email protected] (011) 26653515, Y 26654444 Delhi 26653331 Orrisa Rourkela Club www.rourkelaclub.comrourkela 2449110, 2641336 36 (0661) Y

Sector-20, Rourkela-769005 [email protected] 2510641 Punjab Jullundur Club Ltd [email protected] 37 (0181) 2458054 4628053 Y Jullundur Cantt - 144005 www.jullundurgymkhana.com

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Rajasthan Jaipur Club Ltd [email protected] 38 (0141) 5101688,89,91 5101690 Y Jacob Road,Opp. PWD Office, Jaipur www.jaipurclub.org 02992-255555 Jaisal Club [email protected] 39 02992-254999 02992-2435349 Y Jathwal Road, Jaisalmer - 345001 www.jaisalclub.com 09928128993 Emerald Garden Club Ltd [email protected] 712/1, Rampura Road, Jaisingpura (Bhakrota), 141 6555509-12-13 6555514 Y 40 www.emeraldgardenclub.com Off Ajmer Road, Jaipur - 301226 Y [email protected], Umed Club Ltd Old Public Park, Near Gaushala Room Booking – [email protected] 2511010 2619999 41 0291 2512024 Grounds, Jodhpur - 342006 [email protected], 2629999 CEO & [email protected]

2511390, 2511489, Jodhpur Gymkhana Club, Shikargarh Palace, [email protected], 42 (0291) 3296359, 09351480216, 2511489 Y Shikargarh, Jodhpur - 342011 www.jodhpurgymkhanaclub.com 09414149526 Tamil Nadu Madras Gymkhana Club Ltd 43. [email protected] 25368160 25368168 The Island, Near MLA Hostel, (044) 25368364 Y www.madrasgymkhanaclub.com 25368169 25365941 Mount Road Chennai- Pin-600002 Willington Gymkhana Club (Nilgiri) Tamil [email protected] CEO & 2230254 2230256 44. [email protected] (0423) 2233800 Y Nadu-643231 2202040 www.wgclub.org

Uttarakhand Dehradun Club Ltd 15 New Survey Road [email protected] 2657353 2656660 45. [email protected] (0135) 2655747 Y Dehradun -248001 www.dehradunclub.com 2655747 World Integrity Center India, www.wicindia.org 46. (0135) 2740132/144 - 111/2, Rajpur Road, Dehradun-248001 [email protected] 61506363, 61506222 47. Ranikhet Club Ltd The Mall, Ranikhet-263645 [email protected] (0220) 220989 Y 61506262 Boat House Club Ltd , Near G B Pant Statue, [email protected], 237667, 235318,236378, 48. (05942) 237667 - The Mall Road , Nainital www.boathouseclub.in 236918

Uttar Pradesh Cownpore Club Ltd [email protected] CEO & 2157755,2380331, 49. (0512) Y 33, Cantonment, Kanpur - 208004 [email protected] 2380336

50. Agra Club Ltd, 191, The Mall, Agra – 202001 www.agraclub.org (0562) 2226606, 2226579 Y

[email protected] , Wheeler Club Ltd ,The Mall, [email protected] , 51. (0121) 2640135 Meerut Cantt [email protected], www.whelerclub.in Bareilly Club Ltd, Post Box No. 9 www.bareillyclubindia.com 2427773, 2429174 52. (0581) Y No. 1 Civil Lines, Barieilly - 01 [email protected] 2429175 ,9319086917 53. Faizabad Club Ltd Faizabad Cantt N Fatehgarh Club Ltd Opposite D N Degree [email protected] 8696945109 8696945101- 54. N College, Fatehgarh - 209601 www.fatehgarh.in 2-3-4 Gorakhpur Club Ltd 55. 338114, 336321 Gorakhpur(U.P) Moradabad Club Ltd ,Civil Lines, Moradabad - [email protected] 56. [email protected] (0591) 2412641,3299142 Y 244001 www.moradabadclub.com Arun Vihar Institute(Club) Sec-29, Noida- 57. [email protected] 2451487, 2450241 201303, [email protected] 58. Banaras Club Ltd Varanasi Cantt benaresclub.org (0542) 25005008 Y West Bengal Ordnance Club [email protected] 22230410 59. (033) 22230410 Y Hasting Kolkata - 700022 www.ordanceclub.com 22230151 The Saturday Club Ltd 7,Wood Street, Kolkata [email protected] 22875961 -63 60. (033) 22871318 – 700016 www.Saturday-club.com 22835285 -86

39

The Darjeeling Club Ltd 2254342 2252892 61. www.darjeelinggymkhanaclub.com,darj (0354) Y 7, Nehru Road, Darjeeling [email protected] 2254341 2254348 25297010/7011, Space Circle Club www.spacecircle.in 8017220000, 62. V.I.P Road, Raghunathpur, (033) Y [email protected] 8017210000, P.O – Airport, Kolkata – 700 052 09836900158 The Circle 25738242, 25738244, 63. V.I.P Road, Raghunathpur, [email protected] (033) Y 25738243, 9874746767 P.O – Airport, Kolkata – 700 052 Abroad Kelab IPOH Diraja (Royal IPOH Club) Jalan 2542212, 2545646 [email protected] 64. Panglima Bukit Gantang, Wahab,3000 Ipoh, (605) 2558611, 2537833 2558610 Y www.royalipohclub.org.my Perak Darul, Ridzauan Malaysia 2536751

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NOTES

PROXY

I…………………………..…… of……………………………………………………………………………

Being a member of The Mahomed Bagh Club Ltd do hereby appoint ……………………………….

…………………………………………………… a member of the Club as my proxy to vote for me and on my behalf at the Annual General Meeting of the Club to be held at 2 p.m. on 19 Sep 2018 and at any adjournment thereof.

Signed this …………………………………. Day of ………………..2018

Rs. 1 Rs. 1 Revenue Revenue Stamp Stamp

Note :-1. Proxy forms, if issued, must reach the CEO & Secretary’s Officer 72 hours before the meeting.

2. The member of the Managing Committee will be elected by only those present at Annual General Meeting. 3. The proxy will not be permitted for the purpose of elections of the Committee members in terms of Article 32.

41