Odisha State Beverages

Submitted by OasysTech Solution Pvt Ltd

Corporation Limited
Submitted by OasysTech Solution Pvt Ltd

AS - IS PROCESS

Submitted by Oasys Tech Solution Pvt. Ltd.

AS-IS Process Document Version 1.1 Page | 1

 DOCUMENT HISTORY

VERSION DATE AUTHOR REVIEWER/APPROVER REMARKS

V.01 FI 02.12.2021 Subhasish.P

V.01 MM 02.12.2021 Pratap Barik

V.01 SD 02.12.2021 Shuvendu Muduli

V.01
02.12.2021 Deepak Ku. Biswal
PROTAL

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DOCUMENT VALIDATION /SIGN-OFF

NAME ROLE SIGNATURE DATE

Mr. Hiresh Maheswari Delivery Head

Pratap Barik SAP MM Consultant

Shuvendu Muduli SAP SD Consultant

Deepak Biswal Portal Lead Consultant

Subhasish.P Fico Lead Consultant

NAME AND
ORGANISATION SIGNATURE DATE
DESIGNATION

Odisha State Beverage

Corporation Ltd.
(OSBCL)

APPROVER’S

NAME ROLE SIGNATURE APPROVAL DATE

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 1 TABLE OF CONTENTS
1. Sales Process.........................................................................................................................................................6
1.1 Retailer Wallet 6
1.2 Sales Procedure 6
1.3 Sales Accounting 6

2. Purchase Process...................................................................................................................................................7
2.1 Supplier Wallet 7
2.2 Investment 7
2.3 Re Investment 8
2.4 Purchase Procedure8
2.5 Purchase Accounting 9
2.6 Payment Entry 9
2.7 Statuary Payment 9
2.8 Terms of Payment 9
2.9 Supplier Payment Summary 10
3. Income................................................................................................................................................................ 10
3.1 Other Income 11
4. General Accounting.............................................................................................................................................11
4.1 Year End Provision 11
5. List of Banks........................................................................................................................................................13
5.1 Bank Reconciliation 13
5.2 Fixed Deposit 15
6. Statutory.............................................................................................................................................................16
6.1 VAT16
6.2 TCS 17
6.3 TDS18
6.4 GST20
6.5 Deferred Tax 21
7. Lease Accounting................................................................................................................................................22
8. GPF......................................................................................................................................................................22
8.1 NPS24
8.2 Professional Tax 25

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9. GL Account Group...............................................................................................................................................25
9.1 Voucher Types 27
10. Chart of Account................................................................................................................................................28
11. Profit and Loss Statements................................................................................................................................40
12. Trial Balance Statements...................................................................................................................................45
13. Balance Sheet....................................................................................................................................................66
14. Cash Flow..........................................................................................................................................................78
15. Asset Accounting...............................................................................................................................................81
15.1 CWIP 83

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1. Sales Process
 Retailer having a valid license makes advance online Payment to OSBCL.
 Licensed Retailer makes online Token and Purchase Order (PO) for lifting of FL/Beer/CL from
the OSBCL Depot.
 DEO Check Stock Availability and Generate the sales order against the Purchase order of
retailor.
 Loading against the online generated sales Order is done at the godown of depot.
 Retailer having a valid license makes advance online Payment to OSBCL through Payment
Gateway.
1.1 Retailer Wallet
 Retails make online payment through Net Banking in advance for lifting of stocks from the
depot. The amount is updated against each individual Retailer’s wallet. Wallet amount is
deducted against each invoice.
 The retailer has to fill the wallet in advance to lift the required product from the warehouse of
the client.
1.2 Sales Procedure
 Retailers create purchase order as per his requirement with available of wallet amount.
 The same shall be recommended (after modification if needed) by the warehouse manager as
per available of stock.
 As per Ref. of Retailers PO billing point person create invoice.
 On the basis of the invoice and the permit pass, a Gate Pass will be generated for transit of the
products from the warehouse.
1.3 Sales Accounting

1. SUNDRY DEBTORS A/C Dr

To SALES A/C Cr.

(Sales have booked Depot. Wise)

2. SALES A/C Dr (Depot. Wise)

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 To SALES-IMFL Cr.

To VAT Cr.

To TCS Cr.

3. DIFFERENTIAL EXCISE DUTY Dr

DIFFERENTIAL AROED Dr

TO DIFF. EXCISE DUTY PAYABLE Cr.

TO DIFF. AROED PAYABLE Cr.

2. Purchase Process
 Suppliers make advance online payment of ED, AROED, IF, Pass Fee to OSBCL.
 Then Supplier Applies Indents for supply of his beverages stock to different OSBCL.
 Then Supplier Applies Indents for supply of his beverages stock to different OSBCL.
 Then Indent is approved by COO, OSBCL and Purchase Order is generated.
 Purchase Order is accepted by the Supplier.
 Once PO accepts ED, AROED, IF, Pass Fee against the PO is deducted by COO.
 Superintendent of Excise, Khordha issues the Import/Transport Pass Consignment arrives at the
OSBCL Depot and Online GER is done at the Depot.
 Online Dispatch note is generated at Distillery/Brewery/ Bottling Plant and Vehicle with the
consignment is dispatched.
 Consignment is unloaded at the Depot and online GRN of the consignment is done at the
Depot.
2.1 Supplier wallet
 Advanced Excise duty deposited by each individual Suppliers is mention his respective wallet.
The wallet amount is deducted with each permit issue.
 The wallet has to be filled up by the suppliers, the excise duty of the product supplied by the
supplier shall be paid by the OSBCL to the Govt. of Odisha. Hence, the supplier has to pay the
amount in advance before the products enter the OSBCL warehouse.
2.2 Investment

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  When Supplier deposited advance against excise duty that balance is reflected as respective
supplier wallet.
 These accounting entries are posted in tally.
BANK A/C DR
TO SUPPLIER EXCISE CR

SUPPLIER EXCISE A/C DR

TO SUPPLIER EXCISE DUTY PAYABLE A/C CR

SUPPLIER EXCISE DUTY PAYABLE A/C DR

TO BANK A/C CR

2.3 Reinvestment
This would be applicable for the exiting supplier only; in case any supplier wants to put or invest
their excess excise duty fees in to their wallet.

SUPPLIER A/C DR
TOSUPPLIER EXCISE A/C CR

SUPPLIER EXCISE A/C DR

TO SUPPLIER EXCISE DUTY PAYABLE A/C CR

SUPPLIER EXCISE DUTY PAYABLE A/C DR

TO BANK A/C CR

2.4 Purchase Procedure

 Purchase is booked in the accounts just before sales.
 Landing Cost Refundable to Supplier + Excise Duty Refundable to Supplier + AROED Refundable
= Total Payable to Supplier
 TOTAL Sales – Total Payable to Supplier + Differential Excise Duty +Differential AROED = OSBC
Margin
 (OSBCL Profit Margin as fixed from time to time by the Board of Directors of OSBCL. At present
it is 1% of Landing Cost)
 Total Sales =Net Sales +VAT +TCS

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  After deducting Cash Discount, TDS and Stock Holding Charges then paid to supplier (available
closing balance in Supplier Accounts)
2.5 Purchase Accounting

1. PURCHASE-IMFL-L.C. A/C Dr
PURCHASE-IMFL-E.D. A/C Dr
AROED SUPPLIER-IMFL A/C Dr
TO SUPPLIER A/c CR
2. SUPPLIER A/C DR

TO CASH DISCOUNT CR

3. SUPPLIER A/C DR

TO TDS PAYABLE (194 Q) CR

4. SUPPLIER A/C DR

TO STOCK HOLDING CHARGES (DEPOT WISE) CR

2.6 Payment Entry

(Payment Entry shall be posted on the date of payable with available of Supplier Balance)
SUPPLIER A/C DR
TO BANK A/C CR
2.7 Statuary Payment

(Monthly Basis)

DIFF. EXCISE DUTY PAYABLE A/C DR

DIFF. AROED PAYABLE A/C DR
TO BANK A/C CR
2.8 Terms of Payment:

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 The supplier shall raise the Invoice strictly as per the description of the goods specified in the
Import/Transport Pass backed by Purchase Order (PO) of the Corporation and as per the latest offer
price approved by the Price Fixation Committee

Payments shall be made to the extent of sale only. The procedure normally adhered to for release of
the payments to the suppliers is as under:

 Offer Price + {(Import fee + Excise Duty/Countervailing.

 Duty vend Fee + AROED) paid together at the time of supply} with respect to the quantity sold,
less: Cash Discount as applicable.
 Less: Other deductions (i.e., Stock holding charges, processing fee for
extension/revalidation/cancellation of IPFTP if not paid earlier & any other charges as and when
applicable).
 The Corporation may make payments to the supplier earlier than 45th day of sales to the
retailers availing the following cash discount on Landing Cost.
 1.5 percent for payment made within 15 days from the date of sale to the retailers.
 1.0 percent for payment made between the 16th and 30th day from the date of sale to the
retailers.
 0.5 percent for payment made between 31st and 45th day from the date of sale to the retailer.

2.9 Supplier Payment Summary

3. Income

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  Computation of interest on term deposit and flexi account and their accounting entry in the
books of accounting.
 Fees received towards revalidation of expired permits.
 Fees received towards cancellation of issued permits.
 Processing fees received towards export of Beer outside Odisha.
 Fees received towards approval of pricing in PFC (Price Fixation Committee).
 The computation of stock holding charges debited to the suppliers account on the basis of
information received from depots.
 Fine received/recovered from suppliers in the case of supply of Beer beyond 75days from the
date of manufacture.
 New supplier registration or renewal fees of existing suppliers in every financial year.
 Cash Discount & OSBCL Margin.
3.1 Other Income
 Pass Fee: The fee prescribed by Govt. for issue of Import/Transport Pass.
 Registration Fees: For Registration as Supplier of OSBC need to pay Annual non-refundable
Registration Fee of {1,00,000 (Rupees One Lakh), The amount is payable every year at the time
of renewal of registration.

4. General Accounting

 Bank reconciliation prepared on monthly basis.

 Customer reconciliation prepared on monthly basis.

 Provision Entry are posted at the time of Year ending.

 Fixed Deposit are finalized through bank bid process.

 Asset Depreciation are calculated as per Company Tax Act as well as Income Tax Act on Yearly
Basis.

 Security deposit from supplier and other vendors are posted category wise in tally.

 Registration fees of Supplier and EMD of security Service providers are posted category wise.

4.1 Year End Provision Entry

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 Provision is the year ended expenditure or liability which will be payable to next year e.g.,
Salary Payable (for March), Bonus Payable, Leave Encashment Payable or all other expenses which will
be paid in next year but period of expenses is current year.

Sl. No. Nature of exp Basis of provision being made

Depot Expenses Payable
1 On the basis of original invoice/Actual Basis
Godown Rent Payable
2 On the basis of original invoice/Actual Basis
Advertisement Payable A/c
3 On the basis of original invoice/Actual Basis
Audit Fees Payable
4 On the basis of original invoice/Actual Basis
Compensation (Incentive) Payable
5 On the basis of original invoice/Actual Basis
Computer R & M Payable
6 On the basis of original invoice/Actual Basis
Consultancy Fee Payable
7 On the basis of original invoice/Actual Basis
Entertainment Exp Payable
8 On the basis of original invoice/Actual Basis
Hire Charges of Vehicle Payable A/c
9 On the basis of original invoice/Actual Basis
Honorarium Payable
10 On the basis of original invoice/Actual Basis
Internet Charges Payable
11 On the basis of original invoice/Actual Basis
Internet Charges Payable-Depot
12 On the basis of original invoice/Actual Basis
Legal Fees & Expenses Payable
13 On the basis of original invoice/Actual Basis
Meeting Expenses Payable A/c
14 On the basis of original invoice/Actual Basis
Misc. Exp. Payable
15 On the basis of original invoice/Actual Basis
News Paper & Periodicals Payable
16 On the basis of original invoice/Actual Basis
Pension & Leave Salary Contb.
Payable
17 On the basis of original invoice/Actual Basis

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 P O L Expenses Payable
18 On the basis of original invoice/Actual Basis
Postage & Telegram Payable
19 On the basis of original invoice/Actual Basis
Postage & Telegram Payable- Depot
20 On the basis of original invoice/Actual Basis

5. List of Bank

The Following Bank accounts are maintaining by OSBC LTD.

5.1 Bank Reconciliation

Bank Reconciliation Statement is an explanation of the difference between bank balance as per
cash book and bank balance as per Passbook (Bank statement). Sometimes, the bank balance as per
cash book and pass book do not tally with each other, then we can know the difference between them
by preparing the bank reconciliation statement.

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 5.2 Fixed Deposit

Fixed Deposit is the major income source OF OSBC, Bank representative used to come OSBC
office for finalizing Bank interest rate through Bank Bidding process.

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6. Statutory
6.1 VAT (Value Added Tax)

It is the Value Added Tax (VAT) levied by the State Govt. under Odisha VAT Act, 2005. At
present the rate of VAT is 35% of issue price (Sale Price) for all categories of Alcoholic Beverages,
except Country Liquor for which it is 20% of Issue Price.

IMFL Component VAT Reports:

BEER Component VAT Reports:

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VAT Components of all sales:

6.2 TCS (Tax Collected at Source)

 As per the provisions U/S 206C of Income Tax Act, 1961, Corporation shall collect 1% of Sales
Consideration. It doesn't take part in the process of MRP build-up.
 Due date of making TCS payment of OSBC is 7th of next month.

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6.2.1 TCS Return

6.3 TDS (Tax Deducted at Source):

 TDS is deducted from the payments made by the individuals as per Income Tax Act. Various
types & rates of TDS deduction are present. Focus on pay as you earn.
 TDS is a direct tax which is collected from the people at the time of payment like salary, rent,
commission, etc. The TDS collected is then transferred to Government Account. The full form of
TDS is Tax Deducted at Source. The Central Board of Direct Taxes (CBDT) governs the provisions
of TDS under the Income Tax Act, 1961. The deductor is referred to the person deducting the
tax, and the deductee is the person from whom tax is deducted. TDS payment is made at a
specified rate prescribed. No tax is deducted in case the amount doesn't exceed the specified
limit.

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  Due date of TDS Payment 7th of the Next month except March (30th April).
6.3.1 TDS Rates and Types

KEY DESCRIPTION TDS RATE

194C Payments to contractors TDS@1%(Contractor) Individual and HUF & 2%
(Any other Person)
194I Rent TDS@2%(Rent of machinery, equipment or plant)
and others@ 10%

194J Professional services TDS@10%

194Q Purchase of Goods TDS@0.1%
TCS Tax Collected at source TCS@1%
JISG IN: State GST TDS@1% on SGST
JICG IN: Central GST TDS@1% on CGST
JIIG IN: State GST TDS@2% on IGST

6.3.2 TDS Return

TDS Return is a quarterly statement submitted by the deductor to the Income Tax Department.
The statement shows a summary of all the entries for TDS collected by the deductor and the TDS paid
by the deductor to the Income Tax Authority.

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 6.4 GST (Goods and Service Tax)
 GST is known as the Goods and Services Tax. It is an indirect tax which has replaced many
indirect taxes in India such as the excise duty, VAT, services tax, etc. The Goods and Service Tax
Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017.
 OSBC LTD. is paying GST on Reverse charge Mechanism on received services like sitting fees
from independent director, Advocate fees etc.
6.4.1 RCM (Reverse Charge Mechanism)

Reverse charge is a mechanism where the recipient of the goods or services is liable to pay
Goods and Services Tax (GST) instead of the supplier. Usually, the supplier of goods or services pays the
tax on supply. In a reverse charge, the receiver becomes liable to pay the tax, i.e., the chargeability gets
reversed.

6.4.2 GST Return

The OSBC ltd. Is filing GSTR-1, GSTR-3B and GSTR-9, GSTR-9C monthly and annually respectively.

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 6.5 Deferred Tax
IAS 12 defines a deferred tax liability as being the amount of income tax payable in future
periods in respect of taxable temporary differences. So, in simple terms, deferred tax is tax that is
payable in the future.

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7. Lease Accounting:

Lease accounting is the process by which a company records the financial impacts of its leasing
activities. Leases that meet specific classification requirements must be recorded on a company's
financial statements.

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 7.1 Journal Entry for Lease Accounting
RIGHT OF USE OF ASSETS A/C DR

TO LEASE LIABILITY A/C CR

(Being Right of Use of assets and Lease liability has been recognized)

DEPRECIATION A/C DR

TO RIGHT OF USE OF ASSETS A/C CR

(Being Right of use of asset is amortised over the lease term)

INTEREST ON LEASE LIABILITY A/C DR

TO LEASE LIABILITY A/C CR

(Being interest is charged to lease liability as per IND AS-116)

LEASE LIABILITY A/C DR

TO GODOWN RENT A/C CR

(Being repayment of lease liability as per IND AS-116 and reversal of actual rent paid to the extent of
application of IND AS -116.)

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8. GPF (General Provident Fund)

GPF or General Provident Fund is a type of PPF account that is available only for all the
government. Basically, it allows all the government employees to contribute a certain percentage of
their salary to the General Provident Fund.
Online Payment made in the following Cases:

GPF of Govt. Deputonist Staff of OSBC Ltd for the Month of January, 2022 to be deposited online

Sl.
Name of the Employee Designation GPF A/C No Amount to be deposited
No.

1 Smt Subhadarsini Swain GM(Admin.) GA(O) 61174 50,000.00

2 Sri Kulamoni Bhoi CM(F) TAX(O) 5273 25,000.00

3 Sri Pradeep Ranjan Pattanaik GM (Tech.) EX(O) 2649 20,000.00

4 Sri Bimbadhar Sethi BM,Khurda 3052 EX(O) 15,000.00

5 Smt Basanti Prava Naik BM,Balasore 3210EX(O) 20,000.00

6 Sri Umasankar Pradhan BM,Cuttack EXO-2435 10,000.00

Total 1,40,000.00

8.1 NPS (National Pension System)

National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme
designed to enable the subscribers to make optimum decisions regarding their future through
systematic savings during their working life. NPS seeks to inculcate the habit of saving for retirement
amongst the citizens.

Employees
Sl. Name of the Total Pay Employer's share Total To be
Designation Share deducted
No. Employees (Basic + DA) towards NPS@14% deposited
from salary

Prashant Kumar
1 BM,Berhampur 58819 8,235.00 5,882.00 14,117.00
Kanhar
Ajaya Kumar
2 BM,Sambalpur 52269 7,318.00 5,227.00 12,545.00
Behera
Total 111088 15,553.00 11,109.00 26,662.00

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 8.2 Professional TAX
Professional tax is a tax that is levied by the state government and applies to income you earn
through employment. You can often find the deduction for the same on your salary slip each month.

8.3 FORM C

9. GL Account Group:
 The ledger is a master record of all the accounts of a business unit.
 It is a principal book of double entry system of accounting which provides all important
information.
 Separate accounts are maintained based on their nature, so all information relating to
transactions may be obtained through ledgers, such as to whom what is payable, from whom
what is receivable, what is the position of assets and liabilities of the business.

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 TALLY GL GROUP
Capital Account
Current Liabilities
Additional Securities
Additional Securities-BEER
Additional Securities-CL
Additional Securities-IMFL
EXCISE A/c
Excise Duty Payable
Provision for Income Tax
Security Deposit
Duties & Taxes
Provisions
Sundry Creditors
Sundry Creditor-Audit
Sundry Creditor-Consultant
Sundry Creditor- Rent
Sundry Creditors (CS)
Sundry Creditors-Employees
Sundry Creditors-GEM
Sundry Creditors (IMFL & BEER)
Sundry Creditors-Legal
Sundry Creditors (Non-Operating)
Sundry Creditors-Office Stat.
Sundry Creditors-Others
Sundry Creditors-R & M
Sundry Creditors- Secu. Service
Sundry Creditors-Tel & Net
Provision for Creditors (Defunct)
Sundry Creditors-R & M
Provision for Creditors (Defunct)
Deferred Tax Liability
Proposed Dividend
Salary Deductions
EPF
Festival Advance
Income Tax
LIC
Professional Tax
Special COVID Fee
Fixed Assets
Investments
Current Assets
Sales Accounts
Purchase Accounts
Direct Expenses
Indirect Incomes
Stock Holding Charges
Indirect Expenses
Salary & Wages
Repair and Maintenance

9.1 Voucher Type

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 Voucher Type in Tally is a document having all the details of a financial transaction and is
required for recording them in the books of accounts, they can be easily created and modified, the
following list are OSBCL Voucher type.

Attendance
Bank Payment
Bank Receipt
Cash Payment
Contra
Contra-ANG
Contra-BLG
Contra-BLS
Contra-BRHM
Contra-CTC
Contra-JAJ
Contra-KHD
Contra-RGD
Contra-SBLP
Depot- ANG
Depot- BLG
Depot- BLS
Depot-BRHM
Depot- CTC
Depot- JAJ
Depot- KHD
Depot- RGD
Depot- SBLP
Investment
Journal
Journal-BLG
Journal-BRHM
Journal-RGD
Journal- ANG
Money Receipt
Online-Axis
Online-Indian
Online Payment
Online Receipt-Axis
Online Receipt-Indian Bank
Online Receipt-SBI
Online-SBI
Payroll

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 Receipt
Receipt-ANG
Receipt-BLG
Receipt-BLS
Receipt-BRHM
Receipt- CTC
Receipt-JAJ
Receipt-KHD
Receipt Note
Receipt-RGD
Receipt-SBLP
Reinvestment
Revalidation/ Cancellation

10. Chart of Accounts

A Chart of accounts is a structure containing a list of General Ledger used by company, for each
G/L accounts, the COA shows the account name, and information that determines the function of
accounts.

GL No List Nature of GL
Capital Account
General Reserve B/S GL
Reserve & Surplus B/S GL
Share Capital A/c B/S GL
Current Liabilities
Additional Securities B/S GL
Additional Securities-BEER B/S GL
AB InBev India Ltd.-Ex B/S GL
B 9 Beverages Pvt. Ltd.-Ex B/S GL
BT 41 Beverages (P) Ltd.-Ex B/S GL
Carlsberg India Pvt Ltd. Ex A/c B/S GL
Crown Beer India Pvt Ltd (Ex. A/c) B/S GL
Denzong Breweries Pvt Ltd Ex. A/c B/S GL
Dunnage Spirits (P) Ltd.-Ex B/S GL
Maikal Breweries Pvt Ltd Ex. A/c B/S GL
M P Beer Products Ltd Ex. A/c B/S GL
Som Distilleries & Breweries Odisha (P) Ltd.-Ex B/S GL
United Breweries Ltd Ex. A/c B/S GL
Additional Securities-CL B/S GL
Aska Co-Operative Sugar Industries Ltd Ex. A/c B/S GL

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 Umeri Distillery Pvt Ltd. Ex A/c B/S GL
Additional Securities-IMFL B/S GL
3N Organic Products (P) Ltd-Ex B/S GL
A B D Pvt.Ltd.Ex. A/c B/S GL
A D S Spirits Pvt. Ltd. (Ex) B/S GL
Alcobrew Distilleries India Pvt Ltd. (Ex. A/c) B/S GL
Angus Dundee India (P) Ltd- Ex. B/S GL
Aspri Spirits (P) Ltd.-Ex B/S GL
Bacardi India Pvt. Ltd Ex A/c B/S GL
Beam Global Spirit & Wine (I) Pvt.Ltd. Ex. A/c B/S GL
Boudh Distillery (P) Ltd.-Ex B/S GL
Boutique Spirit Brands-Ex B/S GL
Craft Smith (P) Ltd.- Ex B/S GL
Firewatter Distilleries (P) Ltd.-Ex. B/S GL
Fratelli Wines (P) Ltd.-Ex B/S GL
Golden Prince Wines India Pvt Ltd Ex. A/c B/S GL
Good Drop Wine Cellars (P) Ltd.-Ex. B/S GL
Grover Zampa Vineyards Ltd. (Ex. A/c) B/S GL
Indospirit Beverages Pvt Ltd.-Ex B/S GL
Indospirit Distribution Ltd.-Ex B/S GL
Khoday India Ltd Ex. A/c B/S GL
Kishore Prasad & Bijay Prasad Pvt Ltd (Ex. A/c) B/S GL
Modi Distillery (Ex. A/c) B/S GL
Mohan Meakin Ltd. (Hi-Tech)- Ex B/S GL
N V Distilleries & Breweries (P) Ltd-Ex B/S GL
Parsan Brothers-Ex B/S GL
Pernod Ricard India Pvt Ltd Ex. A/c B/S GL
Radico Khaitan Ltd Ex. A/c B/S GL
Shakti Maltare and Lemonade-Ex B/S GL
Sula Vineyards Pvt. Ltd. (Ex. A/c) B/S GL
Tilaknagar Industries Ltd Ex. A/c B/S GL
United Spirit Ltd Ex. A/c B/S GL
EXCISE A/c B/S GL
AROED 2020-21 B/S GL
AROED 2020-21 BEER L B/S GL
AROED 2020-21 IMFL L B/S GL
AROED 2021-22 B/S GL
AROED 2021-22 BEER L B/S GL
AROED 2021-22 IMFL- L B/S GL
Differential ED 2020-21 B/S GL
Differential ED 2020-21 BEER L B/S GL
Differential ED 2020-21 CL L B/S GL
Differential ED 2020-21 IMFL L B/S GL

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 Differential ED 2021-22 B/S GL
Differential ED 2021-22 BEER L B/S GL
Differential ED 2021-22 IMFL- L B/S GL
Differential ED & AROED 2021-22 B/S GL
Differential ED & AROED BEER L B/S GL
Differential ED & AROED IMFL L B/S GL
Excise Duty Payable B/S GL
Supdt. of Excise-Un Reconciled B/S GL
Provision for Income Tax B/S GL
Provision for Income Tax 2018-19 F Y B/S GL
Provision for Income Tax 2019-20 FY B/S GL
Provision for Income Tax 2020-21 F.Y. B/S GL
Security Deposit B/S GL
Security Deposit-Depot B/S GL
Security Deposit Service Provider B/S GL
Security Deposit Supplier B/S GL
Duties & Taxes B/S GL
TCS Payable B/S GL
VAT B/S GL
Provisions B/S GL
Electricity Charges Payable-Depot B/S GL
Genset Exp Payable-Depot B/S GL
Sundry Creditors B/S GL
Defered Tax Liability B/S GL
Deferred Tax Liability 2020-21 F.Y. B/S GL
GST B/S GL
CGST B/S GL
CGST-RCM B/S GL
CGST-TDS B/S GL
IGST-TDS B/S GL
SGST B/S GL
SGST-RCM B/S GL
SGST-TDS B/S GL
Salary Deductions B/S GL
EPF B/S GL
EPF-General B/S GL
EPF-OBCC B/S GL
EPF- OFDC B/S GL
EPF- Oil Odisha B/S GL
EPF-OSBC-7th Pay B/S GL
EPF-OSFC & OBCC B/S GL
EPF Payable (Oil Odisha) B/S GL
PPF- ORITCO B/S GL

AS-IS Process Document Version 1.1 P a g e | 30

 PPF-ORTICO-Additional B/S GL
Festival Advance B/S GL
Festival Advance-Payroll B/S GL
Income Tax B/S GL
Income Tax- Payroll B/S GL
LIC B/S GL
LIC-OSFC & OBCC B/S GL
LIC-State Govt. B/S GL
Professional Tax B/S GL
Professional Tax- General B/S GL
Prof. Tax-Payroll B/S GL
Bank Loan/HB Loan-OSFC & OBCC B/S GL
Co-Oprtv Loan/Thrift-OSFC & OBCC B/S GL
ESI B/S GL
GPF-State Govt. B/S GL
NPS- State Govt. B/S GL
Other Recovery-ORITCO B/S GL
Other Recovery-OSBC B/S GL
Qtr Fees B/S GL
Swerage Tax B/S GL
Union Fees-OSFC & OBCC B/S GL
Vehicle User Fee- OSBC B/S GL
Vehicle User Fee- State Govt. B/S GL
Water Tax B/S GL
Welfare-OSFC & OBCC B/S GL
Special COVID Fee B/S GL
Special COVID Fee-BEER (Civil) B/S GL
Special COVID Fee-Defence (IMFL & BEER) B/S GL
Special COVID Fee-IMFL (Civil) B/S GL
Application & EMD Fee B/S GL
Audit Fees Payable B/S GL
BG Invocation - Innovision B/S GL
Compensation (Incentive) Payable B/S GL
Computer R & M Payable B/S GL
Consultancy Fee Payble B/S GL
EMD B/S GL
Entertainment Exp Payable B/S GL
Hire Charges of Vehicle Payable A/c B/S GL
Internet Charges Payable B/S GL
Internet Charges Payable-Depot B/S GL
Lease Liability B/S GL
Legal Fees & Expenses Payble B/S GL
Meeting Expencess Payable A/c B/S GL

AS-IS Process Document Version 1.1 P a g e | 31

 Misc. Exp. Payable B/S GL
News Paper & Periodicals Payable B/S GL
Pension & Leave Salary Contb. Payble B/S GL
P O L Expenses Payble B/S GL
Postage & Telegram Payable B/S GL
Postage & Telegram Payable- Depot B/S GL
Printing & Stationary Payble B/S GL
Professional Charges Payble B/S GL
Provision for Gratuity- OSBC B/S GL
Provision for Leave Salary -OSBC B/S GL
Provision for Supdt. of Excise-UR B/S GL
Recovery From Retailers B/S GL
Registration Fee (Supplier) Received in Advance B/S GL
Repair & Maintainance Payable B/S GL
Repair & Maintenance Payable- Depot B/S GL
Salary & Allowances Payable B/S GL
Security Service Charges Payble B/S GL
Sitting Fees Payble B/S GL
TDS Payable B/S GL
TDS Payable (194 Q) B/S GL
Telephone Charges Payble B/S GL
Travelling & Conveyance Payble B/S GL
Witheld (Retailer) A/c B/S GL
Fixed Assets
Accumulated Depreciation B/S GL
Acquaguard Water Purifier B/S GL
Air Conditioner B/S GL
Air Conditioner- Depot B/S GL
Air Cooler-Depot B/S GL
Audio Visual System B/S GL
Biometric Device B/S GL
Boundary Wall B/S GL
CCTV B/S GL
Computer B/S GL
Computer Batteries B/S GL
Computer Printer B/S GL
Computer UPS B/S GL
Cycle A/c B/S GL
Electrical Equipment & Fittings B/S GL
Fan (Wall Mount)-Depot B/S GL
Fax Machine B/S GL
Furniture & Fixture B/S GL
Furniture & Fixture-Depot B/S GL

AS-IS Process Document Version 1.1 P a g e | 32

 Generator B/S GL
Inverter B/S GL
Land & Building B/S GL
Laptop B/S GL
LCD Projector B/S GL
LED Sign Board B/S GL
Mobile Handset B/S GL
Network Switch B/S GL
OFFICE EQUIPMENTS B/S GL
Pedestal Fans B/S GL
Photo Copier (Xerox) B/S GL
Rack Server-2P B/S GL
Right of Use of Aseets B/S GL
Scanner B/S GL
Server Standard Edition 2019 (SQL) B/S GL
Software B/S GL
Stabilizer-Depot B/S GL
Tea Maker B/S GL
Vehicle A/c B/S GL
Water Cooler-Depot B/S GL
Water Purifier-Depot B/S GL
Investments B/S GL
Accrued Interest A/c B/S GL
Term Deposit B/S GL
Current Assets
Deposits (Asset) B/S GL
Sales Tax Security Deposit B/S GL
Security Deposit (IDCO Fortune Towers) B/S GL
Security Deposit-Jio Infocomm Ltd. B/S GL
Security Deposit (WESCO) B/S GL
Security Deposit with Oil Orissa B/S GL
Security Deposit with Trupti Service Station B/S GL
Telephone (Security) B/S GL
Telephone Security- Depot B/S GL
Loans & Advances (Asset) B/S GL
Festival Advance B/S GL
Sundry Debtors B/S GL
Cash-in-hand B/S GL
Cash - Angul B/S GL
Cash - Balasore B/S GL
Cash - Berhampur B/S GL
Cash-Bolangir B/S GL
Cash (H.O.) B/S GL

AS-IS Process Document Version 1.1 P a g e | 33

 Cash-Jajpur B/S GL
Cash - Khurda B/S GL
Cash - Nirgundi B/S GL
Cash-Rayagada B/S GL
Cash -Sambalpur B/S GL
Bank Accounts B/S GL
Bank- Salary Pay Roll B/S GL
Bank- Salary OFDC B/S GL
Bank- Salary Oil Odisha B/S GL
Bank- Salary ORITCO B/S GL
Bank-Salary OSBC B/S GL
Bank- Salary OSFC & OBCC B/S GL
Bank-Salary State. Govt. B/S GL
DDs in Hand B/S GL
DDs in Hand-Cuttuck B/S GL
Depot Bank A/c New B/S GL
SBI Angul- New B/S GL
SBI Balasore-New B/S GL
SBI Berhampur-New B/S GL
SBI Bolangir-New B/S GL
SBI Jajpur-New B/S GL
SBI Khurda-New B/S GL
SBI Nirgundi-New B/S GL
SBI Rayagada-New B/S GL
Depot Bank Balance B/S GL
BOB (Berhampur) B/S GL
IOB (Rayagada) B/S GL
IOB (Sambalpur) B/S GL
SBI-Bolangir B/S GL
SBI (Jajpur) B/S GL
SBI (Khurda) B/S GL
SBI (Nirgundi) B/S GL
UCO -Balasore B/S GL
Union Bank (Angul) B/S GL
Axis Bank B/S GL
ICICI Bank B/S GL
IDBI Bank- H.O. (A/c No. 042102000020819) B/S GL
Indian Bank B/S GL
Indian Bank-Online B/S GL
Indian Postal Order B/S GL
SBI (CSR Fund) A/c-34959123328 B/S GL
SBI- H.O. - (A/c No. 10835305103) B/S GL
SBI H.O. ON LINE (35978725710) B/S GL

AS-IS Process Document Version 1.1 P a g e | 34

 Union Bank- H.O. (A/c No. 450501010024026) B/S GL
Advance Income Tax B/S GL
Advance IT 2018-19 B/S GL
Advance IT 2019-20 B/S GL
Advance IT 2020-21 B/S GL
Advance IT (2021-22) B/S GL
Defered Tax Assets B/S GL
Deferred Tax Asset (2016-17) B/S GL
Deferred Tax Asset (2017-18) B/S GL
Deferred Tax Asset-2018-19 B/S GL
Deferred Tax Asset 2019-20 FY B/S GL
Income Tax Demand B/S GL
Income Tax Demand A Y 2018-19 B/S GL
Incometax Demand (TDS on Non-Salary) B/S GL
Income Tax Demand Under Protest B/S GL
Income Tax Demand Under Protest 20134 F Y B/S GL
Income Tax Demand Under Protest 2014-15 F Y B/S GL
Income Tax Demand Under Protest 2016-17 F Y B/S GL
Income Tax Refund B/S GL
Income Tax Refund 2013-14 B/S GL
Income Tax Refund 2016-17 FY B/S GL
Income Tax Refund 2017-18 FY B/S GL
License Fee B/S GL
License Fee Paid in Advance B/S GL
Stock Holding Charges Receivable B/S GL
Stock Holding Charges RCV-ANG B/S GL
Stock Holding Charges RCV-BLG B/S GL
Stock Holding Charges RCV-BLS B/S GL
Stock Holding Charges RCV-BRHM B/S GL
Stock Holding Charges RCV-CTC B/S GL
Stock Holding Charges RCV-JAJ B/S GL
Stock Holding Charges RCV-KHD B/S GL
Stock Holding Charges RCV-RGD B/S GL
Stock Holding Charges RCV-SBLP B/S GL
Advance to Aska Co-Op Sugar B/S GL
Advance to Excise Deptt. B/S GL
Advance to IDCO B/S GL
Advance to NBCC B/S GL
Advance to Supdt. of Excise-Sambalpur B/S GL
Bridge & Roof Co. (India) Ltd.-Adv. B/S GL
Demand Service Tax B/S GL
General Advance B/S GL
Internet Charges-Depot- Advance B/S GL

AS-IS Process Document Version 1.1 P a g e | 35

 Loading & Unloading Charges Receivable B/S GL
NPCC-Adv. B/S GL
Prepaid Insurance Premium B/S GL
Prepaid Vehicle Insurance B/S GL
Recoverable From Govt.-(Boundary Wall) B/S GL
Sales Tax Demand B/S GL
Service Tax- Pre-Mandatory Deposit B/S GL
TCS Demand B/S GL
TDS-Excess Deducted B/S GL
TDS Rceivable B/S GL
Sales Accounts
Angul Sale A/c P&L GL
Balasore Sale A/c P&L GL
Berhampur Sale A/c P&L GL
Bolangir Sale A/c P&L GL
Jajpur Sale A/c P&L GL
Khurda Sale A/c P&L GL
Nirgundi Sale A/c P&L GL
Rayagada Sale A/c P&L GL
Sales-BEER P&L GL
Sales-CL P&L GL
Sales- Defence (IMFL & BEER) P&L GL
Sales-IMFL P&L GL
Sambalpur Sale A/c P&L GL
Purchase Accounts
AROED Supplier P&L GL
AROED Supplier-BEER P&L GL
AROED Supplier-CL P&L GL
AROED Supplier-IMFL P&L GL
Purchase-BEER P&L GL
Purchase-BEER-E.D. P&L GL
Purchase-BEER-L.C. P&L GL
Purchase-CL P&L GL
Purchase-CL-E.D. P&L GL
Purchase-CL-L.C. P&L GL
Purchase-IMFL P&L GL
Purchase-IMFL-E.D. P&L GL
Purchase-IMFL-L.C. P&L GL
Direct Expenses
AROED P&L GL
AROED- BEER E P&L GL
AROED- IMFL E P&L GL
Differential Excise Duty P&L GL

AS-IS Process Document Version 1.1 P a g e | 36

 Differential ED & AROED BEER E P&L GL
Differential ED & AROED IMFL-E P&L GL
Differential ED BEER E P&L GL
Differential ED CL E P&L GL
Differential ED IMFL- E P&L GL
Indirect Incomes
Cash Discount P&L GL
Fine Recovered from Suppliers A/c P&L GL
Interest on Flexi A/c P&L GL
Permit Cancellation Fee P&L GL
Procesing Fee (Price Fixation) P&L GL
Processing Fee on Inter State Sale P&L GL
Recovery - Others P&L GL
Registration Fee (Supplier) P&L GL
Revalidation Fee P&L GL
RTI-Collection P&L GL
Tender Paper (Sale) P&L GL
Vehicle User Fee P&L GL
Indirect Expenses
Godown Rent & Expenses P&L GL
Godown Rent (Angul) P&L GL
Godown Rent (Balasore) P&L GL
Godown Rent (Berhampur) P&L GL
Godown Rent (Bolangir) P&L GL
Godown Rent (Jajpur) P&L GL
Godown Rent (Khurda) P&L GL
Godown Rent (Nirgundi) P&L GL
Godown Rent (Sambalpur) P&L GL
Salary & Wages P&L GL
Attendant Allowance-OSBC P&L GL
Attendant Allowance-State Govt P&L GL
Basic Pay-OBCC P&L GL
Basic Pay- Oil Odisha P&L GL
Basic Pay-ORITCO P&L GL
Basic Pay-OSBC P&L GL
Basic Pay-OSFC & OBCC P&L GL
Basic Pay-State Govt. P&L GL
Compensation (Incentive) P&L GL
Conv. All. -OSFC & OBCC P&L GL
Conv. Allw. -ORITCO P&L GL
Conv. Allw- OSBC P&L GL
Conveyance Allowance-OBCC P&L GL
Conveyance Allow-Oil Odisha P&L GL

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 DA-OBCC P&L GL
DA- Oil Odisha P&L GL
DA- ORITCO P&L GL
DA-OSBC-7th Pay P&L GL
DA-OSFC & OBCC P&L GL
DA-St Govt-7th Pay P&L GL
DP- ORITCO P&L GL
DP-OSFC & OBCC P&L GL
Employer Contribution-NPS P&L GL
Exgratia P&L GL
HRA-Angul-(OSFC & OBCC) P&L GL
HRA-BBSR-(OSFC & OBCC) P&L GL
HRA-Bolangir-(OSFC & OBCC) P&L GL
HRA-Nirgundi-OBCC P&L GL
HRA-OBCC-BBSR P&L GL
HRA- Oil Odisha P&L GL
HRA- ORITCO P&L GL
HRA-OSBC P&L GL
HRA-St Govt.-7th Pay P&L GL
IR-1- Oil Odisha P&L GL
IR-2- Oil Odisha P&L GL
Medical Allowance-Payroll P&L GL
Medical Allowance-SG7 P&L GL
Merger Basic-ORITCO P&L GL
Mobile Alllowance-Oil Odisha P&L GL
Mobile Allowance- OBCC P&L GL
Mobile Allowance-ORITCO P&L GL
Mobile Allowance-OSFC & OBCC P&L GL
Mobile Allowance- State Govt. P&L GL
Mobile Allownce-OSBC P&L GL
Other Allowance-State Govt. P&L GL
Pension & Leave Salary Contribution P&L GL
Sal & All-Empl Cont-EPF P&L GL
Sal & All-Empl Cont-ESI P&L GL
Sal & All-Empl Cont-PPF P&L GL
Salary & Allowances P&L GL
Security Service Charges P&L GL
Consultancy Fee P&L GL
Consultancy Fee P&L GL
Repair and Maintenance P&L GL
Computer Repair & Maintenance P&L GL
Repair & Maintainance P&L GL
Repair & Maintainance-Depot P&L GL

AS-IS Process Document Version 1.1 P a g e | 38

 Vehicle Repair & Maintainance P&L GL
Xerox Repair & Maintenance P&L GL
Advertisement Exp P&L GL
Books & Journals P&L GL
CSR Expenses P&L GL
DLO Registration Fee P&L GL
Donation P&L GL
Electricity Charges P&L GL
Entertainment Exp. P&L GL
EPF Admn. & Misc Charges P&L GL
Genset Expenses- Depot P&L GL
Hire Charges of Vehicle P&L GL
Honorarium P&L GL
Interest on TDS P&L GL
Internet Charges P&L GL
Legal Fees & Expenses P&L GL
Mediclaim Insurance P&L GL
Meeting Exp P&L GL
Miscellaneous Exp P&L GL
Municipal Holding Tax P&L GL
News Paper & Periodicals P&L GL
Office Rent P&L GL
P.O.L Expenses P&L GL
Postage & Telegram P&L GL
Postage & Telegram-Depot P&L GL
PRINTING & STATIONARY P&L GL
Professional Charges P&L GL
Sitting Fees P&L GL
Telephone Charges P&L GL
Transportation Charges P&L GL
Travelling & Conveyance P&L GL

11. Profit and Loss Statements:

ODISHA STATE BEVERAGES CORPORATION LTD.
2ND FLOOR, FORTUNE TOWERS, BHUBANESWAR
STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31ST MARCH, 2021
(Amount in ₹ lakh)
Figures for the
Sl. Figures for the year ended
Particulars Note No. year ended
No. March 31, 2020
March 31, 2021
Income

I Revenue from operations 30 3,92,232.51 5,15,289.00

II Other income 31 4,607.21 5,921.77

III Total Income (I+II) 3,96,839.72 5,21,210.77

AS-IS Process Document Version 1.1 P a g e | 39

 IV Expenses
3,87,765.1
Purchase of Stock in Trade 32 7 5,07,860.09
Employee benefits expenses 33 336.97 395.69
Depreciation and amortisation
expenses 34 341.95 405.36
Other expenses 35 5,062.67 8,618.00
Finance Costs 36 30.52 38.64
3,93,537.2
Total Expenses (IV) 8 5,17,317.78
Profit/(Loss) before
exceptional items and Taxes 3,302.4
V (III-IV) 4 3,892.99
VI Exceptional Items - -
3,302.4
VII Profit/(Loss) before Tax (V-VI) 4 3,892.99
VIII Tax expense
Current tax 1,212.13 1,376.87
Current tax for earlier
years - -
Deferred tax 2.52 -10.55
Total tax expenses 1,214.65 1,366.32
Profit/(Loss) for the period
from continuing operations 2,087.7
IX (VII-VIII) 9 2,526.67
Profit/(Loss) for the period
X from discontinued operations - -
Tax expense of discoutinued
XI operations - -
Profit/(Loss) from discoutinued
XII operations (after tax) (X-XI) - -
Profit/(Loss) for the period 2,087.7
XIII (IX+XII) 9 2,526.67
XIV Other Comprehensive Income -0.64 -0.49
A (i) Items that will not be
reclassified to profit and loss
(a) Remeasurements of
defined benefit plans -0.99 -0.75
ii) Income tax relating to
items that will not be
reclassified to profit or loss 0.35 0.26
B (i) Items that will be
reclassified to profit and loss - -
ii) Income tax relating to
items that will be reclassified
to profit or loss - -
Total Comprehensive Income
for the period (XIII+XIV)
XV (comprising profit/(Loss) and 2,526.18
2,087.15
Other comprehensive income
for the period)
Earnings per equity share ((for
XVI continuing operation)
(1) Basic [Rs.] 208.72 252.62
(2) Diluted [Rs.] 208.72 252.62
Earnings per equity share ((for
XVII discontinued operation)

AS-IS Process Document Version 1.1 P a g e | 40

 (1) Basic [Rs.] - -
(2) Diluted [Rs.] - -
Earnings per equity share ((for
continuing and discontinued
XVIII operations)
(1) Basic [Rs.] 208.72 252.62
(2) Diluted [Rs.] 208.72 252.62
Notes forming part of the
(1 to 36)
financial statements
In terms of our report of even
date attached.
For Nag & Associates For and On behalf of the Board of Directors
Chartered Accountants
FRN:312063E
General
Manager (A Director Managing Director
(S. P. Padhi) & A)
Partner DIN:06729202 DIN:09289956
M. No.-053292
Place: Bhubaneswar
Date:

11.1 Profit and Loss Notes: 1

ODISHA STATE BEVARAGES CORPORATION LTD.

2ND FLOOR, FORTUNE TOWER, BHUBANESWAR

Notes to the Financial Statements for the year ended 31st March 2021
(Amount in ₹
Revenue from Operations: lakh)
For the period For the period For the period
Particulars ended March 31, ended March ended March 31,
2021 31, 2021 2020

Sale of Products (including excise duty)

Sales (Beer) 6,58,73,62,473.25 65,873.62 1,18,512.08

Sales (CL) 1,84,52,52,259.95 18,452.52 26,280.83

Sales (IMFL) 30,79,06,37,117.11 3,07,906.37 3,70,496.09

TOTAL 39,22,32,51,850.31 3,92,232.51 5,15,289.00

(Sales includes Excise duty, Additional excise duty & Differential excise duty of Rs. 272163.23 Lakhs for the FY-2020-21 &
Rs. 348824.76 lakhs for the FY-2019-20)

(Amount in ₹
Other income: lakh)
For the period For the period For the period
Particulars ended March 31, ended March ended March 31,
2021 31, 2021 2020
Interest on Bank Deposits #-1
18,19,59,456.49 1,819.60 2,995.32

AS-IS Process Document Version 1.1 P a g e | 41

 Interest on IT Refund -
- 34.84

Cash discounts 17,83,31,621.01 1,783.32 2,472.24

Non-operating incomes #-2 10,04,29,158.31 1,004.29 419.37

TOTAL 46,07,20,235.81 4,607.21 5,921.77

  #-1. In view of the above deposit, Interest on bank deposit includes interest on Flexi
account, interest on SB-Depot and interest on fixed deposits.

 #-2. In view of the non-operating income, it includes fine recovered from supplier,
permit cancellation fee, processing fee, registration fee, revalidation fee, RTI
 collection, service tax refund, suppliers (NOP-cr), tender paper sale and vehicle user
fee. Further, the debit/credit closing balance of seventeen non-operating suppliers
are written off due to remission/cession of trading liability and the stock holding
charge receivable against such seventeen suppliers are being reversed.

(Amount in ₹
Purchase of stock-in-trade: lakh)
For the period For the period For the period
Particulars ended March 31, ended March ended March 31,
2021 31, 2021 2020

Purchase of Stock (including excise duty)

Purchases (Beer) 6,35,51,79,752.42 63,551.80 1,16,147.28

Purchases (CL) 1,83,30,89,904.82 18,330.90 25,978.03

Purchases (IMFL) 30,58,82,47,265.11 3,05,882.47 3,65,734.78

TOTAL 38,77,65,16,922.35 3,87,765.17 5,07,860.09

(Purchase includes only excise duty of Rs. 268836.37 lakhs for the FY-2020-21 & Rs.343041.25 Lakhs for the FY-2019-20.)
(Amount in ₹
Employee benefit expense: lakh)
For the period For the period For the period
Particulars ended March 31, ended March ended March 31,
2021 31, 2021 2020

Salaries, incentive & allowances 3,14,73,123.00 314.71 375.40

Contributions to provident and other funds #1 18,11,360.00 18.12

Staff welfare expenses 4,14,233.00 4.14 4.03

TOTAL 3,36,98,716.00 336.97 395.69

AS-IS Process Document Version 1.1 P a g e | 42

 It includes employer contribution towards EPF, ESI & PPF and also EPF administration charges.
(Amount in ₹
Depreciation & Amortization expense: lakh)
For the period For the period For the period
Particulars ended March 31, ended March ended March 31,
2021 31, 2021 2020

On Property, Plant & Equipment-owned assets-note-4.1 25,15,330.02 25.14

On Property, Plant & Equipment-leased assets-note-6.1 2,86,49,295.82 286.49 3

On Intangible Assets-note-7.1 30,32,165.29 30.32 21.97

TOTAL 3,41,96,791.13 341.95 405.36

(Amount in ₹
Other expense: lakh)
For the period For the period For the period
Particulars ended March 31, ended March ended March 31,
2021 31, 2021 2020

License Fee 6,00,00,000.00 600.00 300.00

Additional Excise duty 8,74,12,355.20 874.12 5,583.25

Donation to CMRF - - 1,500.00

Differential Excise duty 24,04,34,826.35 2,404.35 197.52

Godown Rent & Insurance 2,59,05,250.49 259.05 185.85

CSR Expenses 1,68,08,457.00 168.08 30.00

Security Service Charges 5,58,03,365.00 558.03 553.64

Professional & Legal Charges #1 94,51,476.00 94.51 136.73

Director's sitting Fees 4,11,040.00 4.11 4.84

Office Rent & maintennce charges 22,94,640.53 22.94 22.94

Electricity Charges 11,98,308.93 11.98 15.66

Repair & Maintenance #2 9,08,150.00 9.09 8.44

Audit Fees 3,54,000.00 3.54 3.54

Provision for Non-operating Creditors - -

Other Administrative & Sundry Expenses #3 52,86,506.13 52.87 69.88

TOTAL 50,62,68,375.63 5,062.67 8,618.00

AS-IS Process Document Version 1.1 P a g e | 43

 

 It includes legal fee, professional charges, appeal fee and consultancy fee.

  It includes computer repair & maintenance including depot, repair & maintenance of
depot, vehicle repair & maintenance, Xerox repair & maintenance etc.

 It includes expenses on advertisement, bank charges, BOD meeting, book and

journals, business meeting and promotion, DLO registration, electrical equipment &
 fittings, electricity charges, entertainment, genset-depot, hire charges of vehicle,
honorarium, internet, labour, municipal holding tax, newspaper and periodicals, NIC
online related, POL, postage and telegram, printing and stationery, telephone,
training, transportation, travelling and conveyance, vehicle insurance etc.

(Amount in ₹
Finance costs: lakh)
For the period For the period For the period
Particulars ended March 31, ended March ended March 31,
2021 31, 2021 2020

Interest on lease obligation 30,51,561.54 30.52 38.64

TOTAL 30,51,561.54 30.52 38.64

12. Trial Balance Statements:

CIN: U51228OR2000SGC006372
Statement of Trial Balance for the period from 01.04.2020 to 31.03.2021

Transactions Closing
Particulars Opening Balance
Debit Credit Balance
Capital Account 3306199022 75801326 3230397696
General Reserve 331086587 331086587
Reserve & Surplus 2965112435 75801326 2889311109
Share Capital A/c 10000000 10000000
Current Liabilities 1506770603 1.112E+11 1.1676E+11 7066376084
Additional Securities 25719937810 25719937810
Additional Securities- 3361575113 3361575113
BEER
AB InBev India Ltd.-Ex 82624541 82624541
Carlsberg India Pvt 187464661 187464661
Ltd.Ex A/c

AS-IS Process Document Version 1.1 P a g e | 44

 Crown Beer India Pvt 217010000 217010000
Ltd(Ex. A/c)
Denzong Breweries Pvt 52809030.09 52809030.09
Ltd Ex. A/c
Jumbodweep Beverages 210000 210000
(P) Ltd.-Ex.
Maikal Breweries Pvt Ltd 3498610.9 3498610.9
Ex. A/c
M P Beer Products Ltd 107667749.8 107667749.8
Ex. A/c
Som Distilleries & 496754365.7 496754365.7
Breweries Odisha (P) Ltd.-Ex
United Breweries Ltd Ex. 2213536155 2213536155
A/c
Additional Securities-CL 1068703825 1068703825
Aska Co-Operative Sugar 995603824.6 995603824.6
Industries Ltd Ex. A/c
Umeri Distillery Pvt Ltd. 73100000 73100000
Ex A/c
Additional Securities- 21286788872 21286788872
IMFL
A B D Pvt.Ltd.Ex. A/c 1975500000 1975500000
A D S Spirits Pvt. Ltd. 402000000 402000000
(Ex)
Alcobrew Distilleries India 98850000 98850000
Pvt Ltd.(Ex. A/c)
Army Welfare Project 11345491 11345491
Ltd.-Ex
Aspri Spirits (P) Ltd.-Ex 1661000 1661000
Bacardi India Pvt.Ltd Ex 2376000000 2376000000
A/c
Beam Global Spirit & 29140532 29140532
Wine (I) Pvt.Ltd.Ex. A/c
Boudh Distillery (P) Ltd.- 3000000 3000000
Ex
Boutique Spirit Brands-Ex 436830000 436830000
Firewatter Distilleries (P) 1455000 1455000
Ltd.-Ex.
Fratelli Wines (P) Ltd.-Ex 3556319 3556319
Golden Prince Wines 219700000 219700000
India Pvt Ltd Ex. A/c
Grover Zampa Vineyards 7989100 7989100
Ltd.(Ex. A/c)
I Brands Beverages (P) 4162000 4162000
Ltd.-Ex.
Indospirit Beverages Pvt 31955227 31955227
Ltd.-Ex
Khoday India Ltd Ex. A/c 13103613 13103613
Kishore Prasad & Bijay 135450000 135450000
Prasad Pvt Ltd (Ex. A/c)
Modi Distillery(Ex. A/c) 508300000 508300000
Mohan Meakin Ltd. (Hi- 560861000 560861000
Tech)- Ex
Parsan Brothers-Ex 4878330 4878330
Pernod Ricard India Pvt 5278000000 5278000000
Ltd Ex. A/c
Radico Khaitan Ltd Ex. 290700000 290700000

AS-IS Process Document Version 1.1 P a g e | 45

 A/c
Shakti Maltare and 24010000 24010000
Lemonade-Ex
STSP Spirits Ltd.-Ex 1787635 1787635
Sula Vineyards Pvt. Ltd. 6053625 6053625
(Ex. A/c)
Tilaknagar Industries Ltd 310400000 310400000
Ex. A/c
Unibev Ltd-Ex. 100000 100000
United Spirit Ltd Ex. A/c 8550000000 8550000000
Brindco Enterprise (P) 1237000 1237000
Ltd.-Ex
Dunnage Spirits (P) Ltd.- 1333000 1333000
Ex
Indospirit Distribution 300000 300000
Ltd.-Ex
EXCISE A/c 39929851.22 26095319270 26054304280 1085138.08 Dr
AROED 2020-21 89840790.75 90517556.8 676766.05
AROED 2020-21 BEER L 32212543.45 32772414.52 559871.07
AROED 2020-21 CL L 2566547.4 2566547.4
AROED 2020-21 IMFL L 55061699.9 55178594.88 116894.98
Differential ED 2020-21 242403929.9 243572437.9 1168507.93
Differential ED 2020-21 84470862.79 85279918.23 809055.44
BEER L
Differential ED 2020-21 4453676.84 4453676.25 0.59 Dr
CL L
Differential ED 2020-21 153479390.3 153838843.4 359453.08
IMFL L
Additional ED Payable 42957766.89 42957766.94 0.05
(2019-20)
Differential ED Payable 97503.61 Dr 178972 276475.61
(2019-20)
Excise Duty Payable 25719937810 25719937810
Supdt. of Excise-Un 2930412.06 Dr 2930412.06 Dr
Reconciled
Provision for Income Tax 303367730 121213440 424581170
Provision for Income Tax 165681170 165681170
2018-19 F Y
Provision for Income Tax 137686560 137686560
2019-20 FY
Provision for Income Tax 121213440 121213440
2020-21 F.Y.
Security Deposit 52885418.96 2329876.56 12000000 62555542.4
Security Deposit-Depot 6000 6000
Security Deposit Service 500000 500000
Provider
Security Deposit Supplier 52379418.96 2329876.56 12000000 62049542.4
Duties & Taxes 683941116.3 13964733188 13871406730 590614658.1
TCS 2658.00 Dr 2658
TCS(IMFL) 2658.00 Dr 2658
TCS Payable 1068.00 Dr 497640585 577234154 79592501
VAT 683944842.3 13467092603 13294169918 511022157.1

AS-IS Process Document Version 1.1 P a g e | 46

 Provisions 177101 146892 67586 97795
Electricity Charges 70005 39796 42484 72693
Payable-Depot
Genset Exp Payable-Depot 58546 58546 25102 25102
Transportaion Charges 48550 48550
Payable
Sundry Creditors 338063437 37427997818 38990000200 1900065819
Sundry Creditor-Advert. 13431 144542 144542 13431
The Dharitri 42774 42774
The Indian Express 4720 4720
The Samaj 10300 51701 51701 10300
The Sambad 32344 32344
The Times of India 3131 13003 13003 3131
Sundry Creditor-Audit 462240 828085 414445 48600
JBMT & Associates 89640 319635 229995
Nag & Associates 324000 324000
Pratap & Co. 48600 48600
SRB & Associates 184450 184450
Sundry Creditor- 565460 3646292 3080832
Consultant
Biswa Ranjan Mohapatra 45123 403418 358295
Debadutta Swain 29069 252265 223196
Debendra Kumar Sahoo 54234 399544 345310
Jyoti Bhusan Das 29800 195550 165750
PAMS & Associates 48600 345218 296618
Prakash Rana 41218 127905 86687
Rabishankar Mahali 41218 127905 86687
Rama Krishna Padhi 30805 272677 241872
Rashmi Ranjan Kar 45123 359773 314650
Saroj Kumar Ray 5355 12145 6790
Saroj Ray & Asociates 52387 379137 326750
Siba Ram Panigrahi 39600 100650 61050
Smita Mishra 30805 263845 233040
Soumit Saswat Jethi 21260 168775 147515
Sudhir Kumar Behera 23863 210485 186622
Uttam Kumar Meher 27000 27000
Sundry Creditor-Courier 16850 16850
ANS Enterprises 10660 10660
Significant 3464 3464
Skyking Courier & Cargo 2726 2726
Sundry Creditor- Rent 18920007.63 50764744 46503665 14658928.63
AKM Agro Processing 189270 2214975 3451669 1425964
Pvt. Ltd.
Badri Narayan Panda 116760 1428660 1433616 121716
Bikram Kisore Sahoo 645118 4276944 3968078 336252

AS-IS Process Document Version 1.1 P a g e | 47

 Dillip Kumar Choudhuri 250651 3066922 3077563 261292
Gopal Krishna Mohanty 2650950 760350 3411300
Jai Jagannath 633198 7898696 7956330 690832
Enterprises (P) Ltd.
Jamula Sankar Narayan 110190 1348270 1352949 114869
& Five Others
Kalyani Nayak 144309.63 144309.63
Kay Vee Aar Ltd. 164382 1357287 1245105 52200
MD, IDCO, BBSR 836513 10188160 10206530 854883
Oil Odisha 5768869 5768869
Prahallad Khandelwal 1768080 4256522 2718834 230392
Prasanta Mohapatra 160800 160800
Promod Kumar Mishra 73303 902034 904070 75339
Radheyshyam Chimanka 1768080 4256522 2718834 230392
Usha Chimanka 1768080 4256522 2718834 230392
Utkal Weavers Co- 103374 1056708 1272069 318735
Operative Spinning Mills Ltd.
Vijay Khandelwal 1768080 4256522 2718834 230392
Sundry Creditors (CS) 21560097.84 1662227399 1721470711 80803410.21
Aska Co-Operative Sugar 21560097.84 1662227399 1721470711 80803410.21
Industries Ltd.
Sundry Creditors- 54355 726839.7 188700 483784.70 Dr
Employees
Anil Kumar Panda 42385 16488 25897.00 Dr
Ashok Kumar Samanta 1205 7674 6469
Bandanika Mahapatra 1902 1902
Bijay Kumar Mishra 18000 18000.00 Dr
Biswajit Satpathy 70298.35 70298.35 Dr
Dillip Kumar Biswal 266 266
Gadadhar Nayak 5250 20880 15630
Gopa Krushna Pattaniak 123180 15605 107575.00 Dr
Himansu Sekhar Nanda 1389 1389
Jaydeep Pattnaik 70299 70299.00 Dr
Kalandi Charan 700 1750 1050
Mohapatra
Kishore Kumar Sahoo 920 5960 5040
Narayan Das 70298.35 70298.35 Dr
Nayan Kishore Pradhan 5768 5768
Prafulla Kumar Sahoo 4046 16431 12385
Rukmini Panda 2084 2084
Sivananda Mallick 1500 1500
Subrat Mishra 750 3510 2760
Yamdev Sabar 41218 263531 100630 121683.00 Dr
Sundry Creditors-GEM 38683 985337 946654
AAA Business 109995 109995
Corporation
Computer & Electrinic 8400 8400

AS-IS Process Document Version 1.1 P a g e | 48

 Solutions
Gayatri Enterprises 57460 57460
IT Global 1398 1398
Kalpabrkhya Company 11996 11996
Malati Enterprises 4000 16000 12000
Orissa Comnet 16955 16955
Oritech Systems 15200 15200
Princy Enterprises 14456 14456
Priyadarsini Enterprises 14580 14580
RGS Environmental 110750 110750
System
Royal Trading (P) Ltd. 20058 20058
Sayon Infotech 20380 20380
Sharma Computers 16600 16600
Super Enterprises 19989 19989
USAM Technology 367376 367376
Solutions Pvt. Ltd.
V J Interior (P) Ltd. 14625 116644 102019
Woodco Enterprises 26850 26850
Zibbri Store 20250 20250
Sundry Creditors (IMFL & 287077571.2 35542027031 37060338070 1805388610
BEER)
A B D Pvt.Ltd. 20463235.8 2853434071 2928044331 95073495.42
AB InBev India Ltd. 10306147.71 391097214.3 382695620.6 1904553.98
A D S Spirits Pvt. Ltd. 2699917.57 556456689.1 579968406.5 26211634.9
Agnes Beverages LLP 36667.99 22494.28 14173.71 Dr
Alcobrew Distilleries India 1666354.06 144881809.3 146387647.1 3172191.84
Pvt Ltd.
Aloka Breweries (P) Ltd. 42596 42596.00 Dr
Army Welfare Project Ltd. 6320718.08 6679481.26 358763.18
Artisan Spirits (P) Ltd. 40101.97 46937.97 6836.00 Dr
Aspri Spirits Pvt. Ltd. 30131.37 4197193.94 4593880.92 426818.35
Bacardi India Pvt. Ltd. 18797886.04 3225735641 3325752882 118815127.1
Beam Global Spirit & 164212.3 59672445.02 60945707.69 1437474.97
Wine(I) Pvt.Ltd.
Bhutan Brewery (Pvt.) 17599.23 2176999.39 2049506.99 109893.17 Dr
Ltd.
BOLS Kyndal India Pvt 4190.74 372106.76 336466.59 31449.43 Dr
Ltd
Boudh Distillery 614779.04 843110.94 228331.9
Boutique Spirit Brands 5635866.66 643109024.8 652340298.7 14867140.57
Brindco Enterprises (P) 779.00 Dr 141404.31 381471.78 239288.47
Ltd.
Carlsberg India Pvt Ltd. 4224121.11 365181953.1 423781170.7 62823338.66
Crown Beers India Pvt. 2930898.15 415643276.4 457176515.7 44464137.45
Ltd.
Denzong Breweries Pvt 2465315.8 87932729.73 96169346.01 10701932.08
Ltd.
Edrington Kyndal India 196092.3 195477.3 615.00 Dr

AS-IS Process Document Version 1.1 P a g e | 49

 Pvt Ltd.
Firewatter Distilleries (P) 48565.76 3209524.44 3294094.95 133136.27
Ltd.
Frateli Wines (P) Ltd. 74789.18 10338863.21 10820551.37 556477.34
Golden Prince Wines 4288167.37 296668538.5 302842661.1 10462290.03
India Pvt Ltd.
Grover Zampa Vineyards 52446.56 18796672.53 19472674.36 728448.39
Ltd.
Gusto Imports Pvt. Ltd. 5555.77 373373.11 373685.7 5868.36
I Brand Beverages Ltd. 2125348.96 2201169.69 75820.73
India Glycols Ltd. 60022.00 Dr 37989 98011.00 Dr
Indospirit Beverages Pvt 26582.44 51444194.88 58049626.25 6632013.81
Ltd.
Indospirit Distribution Ltd. 37900.43 37900.43
Jumbodweep Beverages 148647.7 148647.7
Pvt. Ltd.
Kanoe Impex India (P) 100635.03 3216895.44 3091210.41 25050.00 Dr
Ltd.
Kaya Blenders & 25713.00 Dr 8082 33795.00 Dr
Distillers Ltd.
Khoday India Ltd. 97892 21973592.29 23015655.23 1139954.94
Kishore Prasad & Bijay 1625843.81 190696393.2 196525871.4 7455322.04
Prasad Pvt Ltd.
Maikal Breweries Pvt Ltd. 83982.6 5655124.4 6703234.72 1132092.92
Modi Distillery 4346808.94 801153435.7 827452506.4 30645879.56
Mohan Meakin Ltd. (Hi- 7342030.41 781278776 799576952.2 25640206.55
Tech)
M P Beer Products Ltd. 1625372.38 169948516.6 196869389.5 28546245.2
Parsan Brothers 32793.55 7929832.76 7978017.8 80978.59
Pernod Ricard India Pvt 52518718.8 7506906677 7740039569 285651611
Ltd.
Radico Khaitan Ltd. 4207338.69 457075573.3 469553205.9 16684971.32
Rock And Storm 139140.01 Dr 51807 190947.01 Dr
Distillaries Pvt. Ltd.
R V International 18717.78 273462.26 254744.48
Sainath Fabric Care (P) 4258.03 492721.35 474431.35 14031.97 Dr
Ltd.
Shakti Maltare and 1490501.29 60719081.84 59778069.7 549489.15
Lemonade (P) Ltd.
Simbhaoli Sugars Ltd. 11455 11455.00 Dr
Som Distilleries & 13282657.94 742166513.8 819075762.7 90191906.81
Breweries Odisha (P) Ltd.
STSP Spirits Ltd. 1861391.12 1852680.12 8711.00 Dr
Sula Vineyards Pvt. Ltd. 84365.53 19959168.39 20301395.08 426592.22
Tilaknagar Industries Ltd. 2799125.97 410990791.4 421809108.2 13617442.8
Umeri Disttilery Pvt Ltd. 447681.64 109166465.2 111619193.9 2900410.28
Unibev Ltd. 11197.22 3493054.47 3506042.95 24185.7
United Breweries Ltd. 49137448.59 3612092725 3967953179 404997903
United Spirit Ltd. 74103769.38 11494434094 11917303023 496972698.4
Sundry Creditors-Legal 17190 298500 298500 17190
Durga Prasanna 46250 46250
Chodhury

AS-IS Process Document Version 1.1 P a g e | 50

 Mukesh Panda 17190 17190
Ramesh Sahoo 150500 150500
Samir Chakraborty 101750 101750
Sundry Creditors(Non- 12333374.96 Dr 1935208.93 12041259.59 2227324.30 Dr
Operating)
Artos Brew.(Sale A/c) 19892 19892
Bhagat Distilleries Pvt. 31488.00 Dr 31488
Ltd.
Blue Water Alchobev 79981.42 79981.42
Pvt.Ltd. (Sale A/c)
Business Link India Pvt 302177.85 302177.85
Ltd (Sale A/c)
Cobra Indian Pvt Ltd. 67358.43 67358.43
(Sale A/c)
Devans 420.00 Dr 420
Breweries(Denzong) Sale A/c
Devans Modern 994.00 Dr 994
Breweries Ltd.
Foster India Pvt Ltd. Sale 1448451.89 1448451.89
A/c
Four Seasons Wines Ltd. 336312.24 Dr 336312.24
Garg Beverages (Sale 12256.3 12256.3
A/c)
Geoscope Exim Pvt. Ltd. 83662.00 Dr 83662
Gwalior Distl Ltd(Sale 146609.09 Dr 146609.09
A/c)
Him Neel Breweries Ltd. 263.27 Dr 263.27
(Sale A/c)
Hi-Tech Bottling Pvt 186061.49 186061.49
Ltd(Sale A/c)
Iceberg Industries Ltd. 429071.60 Dr 429071.6
(Sale A/c)
Imperial Distillers & 159097.74 Dr 159097.74
Vintners Pvt.Ltd.
Jagatjit Industries Ltd. 468184.63 Dr 468184.63
Jagpin Brew.(Sale A/c) 64146.15 64146.15
Kristal Spirits India Pvt. 97194.00 Dr 496934.46 594128.46
Ltd.
Lilason Brew.(Sale A/c) 126938.21 126938.21
Mahou India (Pvt.) Ltd. 181808.00 Dr 181808
Mason & Summers 38704.18 38704.18
Alcobev Pvt Ltd. (Sale A/c)
Mount Shivalik Brew(Sale 7632.17 7632.17
A/c)
Narang Brew.(Sale A/c) 363026.25 363026.25
Oasis Distl. Ltd. (New) 3658823.07 Dr 461490.48 3197332.59 Dr
Oasis Distl. (Sale A/c) 38509.52 Dr 38509.52
Oriental Bottling Sale A/c 1129.72 1129.72
Previlege Industries (Sale 32033.59 32033.59
A/c)
Red Apple Wine India Ltd 6720.76 6720.76
(Sale A/c)
Rochees (Sale A/c) 3549.63 Dr 3549.63
Santan Trading Co 58726.23 58726.23

AS-IS Process Document Version 1.1 P a g e | 51

 Ltd.Sale A/c
Som Distilleries & 68242.95 Dr 87 68329.95
Breweries Ltd.
Southern Agrifurane 628764.08 Dr 628764.08
Industries Ltd (Sale A/c)
Spencer Brew.(Sale A/c) 64805.16 64805.16
S R Distillery Pvt Ltd. 152489.95 Dr 152489.95
The Jeypore Sugar 7590291.84 Dr 7590291.84
Company Ltd (Sale A/c)
Trupti Alcho Bev.(Sale 126102.65 Dr 126102.65
A/c)
United Agency(Sale A/c) 6597.56 6597.56
Vinayak Distilleries Pvt 978443.60 Dr 500000 478443.60 Dr
Ltd.
Yuksom Brew.(Sale A/c) 39692.46 Dr 39692.46
Sundry Creditors-Office 13343 201727 188384
Stat.
Goverment Press 119820 119820
The Law 1485 1485
Unique Stationery 13343 80422 67079
Sundry Creditors-Others 187548 115780041 115592493
Aditya Motors 13162 13162
Amulya Kumar Das 1360 7232 5872
Audio Visual Emporium 14160 14160
Bridge & Roof Co. (India) 44375158 44375158
Ltd.
Debasis Das 3601 3601
IDCO Civil 15251467 15251467
JAS Enterprisers 4366 4366
Jyoti Motoers (P) Ltd. 11991 11991
Mayfair Hotels & Resorts 8422 8422
MD, OTDC 69029 110329 41300
MTS Sales & Service 31822 31822
NBCC 40538398 40538398
NPCC 14774239 14774239
Panthanivas 28665 55545 26880
Prasanna Kumar Parida 7200 95600 88400
Pravat Kumar Behera 1500 1500
Santoshi Computer 126350 126350
Formats
Santosh Kumar Biswal 58800 58800
Siba Shakti Cateering 45430 45430
Services
Syam Charan Padhi 14400 64350 49950
Trupti Service Station 21464 181539 160075
United Tours & Travels 6580 6580
Sundry Creditors-R & M 4381 40728 36347
Durga Enterprisers 3410 18710 15300

AS-IS Process Document Version 1.1 P a g e | 52

 Shri Shyam Infoware 971 22018 21047
Sundry Creditors- Secu. 6412941 36885199 28643240 1829018.00 Dr
Service
Innovision Ltd. 3963688 9878083 5914395
Payik Sentinels Pvt. Ltd. 2449253 19172169 14893898 1829018.00 Dr
TOP Guarding Services 7834947 7834947
(P) Ltd.
Sundry Creditors-Tel & 14207 109715 95508
Net
A.O. Cash, BSNL, GMTD 7236 51653 44417
BBSR
Jaico Electronics 7222 7222
Jio A/c No. 6971 47181 40210
900070132129
Reliance Jio Infocom Ltd. 3659 3659
Provision for Creditors 15055356.37 11379580.18 3675776.19
(Defunct)
Defered Tax Liability 218040.55 218040.55
Deferred Tax Liability 2020- 218040.55 218040.55
21 F.Y.
GST 430422 1905086 1650428 175764
CGST 19350 113130 104130 10350
CGST-TDS 195861 839413 721084 77532
SGST 19350 113130 104130 10350
SGST-TDS 195861 839413 721084 77532
Proposed Dividend 75801326 75801326
Proposed Dividend (2019- 75801326 75801326
20)
Salary Deductions 1843293 6039465 6145445 1949273
Donation-Others 91329 91329
Donation-General 37391 37391
Donation-Payroll 53938 53938
EPF 1592535 1737792 1844817 1699560
EPF-General 37759 99248 192678 131189
EPF-OBCC 12916 157881 161476 16511
EPF- OFDC 19458 119292 105439 5605
EPF- Oil Odisha 5434 37607 33960 1787
EPF-OSBC-7th Pay 68264 987565 1008065 88764
EPF-OSFC & OBCC 20244 237471 237471 20244
EPF Payable (Oil Odisha) 1426066 1426066
PPF- ORITCO 2394 28728 28728 2394
PPF-ORTICO-Additional 70000 77000 7000
Festival Advance 192000 192000
Festival Advance-Payroll 192000 192000
Income Tax 57500 2388343 2413843 83000
Income Tax-General 1213731 1213731
Income Tax- Payroll 57500 1174612 1200112 83000

AS-IS Process Document Version 1.1 P a g e | 53

 LIC 1844 31988 33960 3816
LIC-OSFC & OBCC 1844 22128 22128 1844
LIC-State Govt. 9860 11832 1972
Professional Tax 4650 99475 102825 8000
Professional Tax- General 26775 28975 2200
Prof. Tax-Payroll 4650 72700 73850 5800
Bank Loan/HB Loan-OSFC & 608 7296 7296 608
OBCC
Co-Oprtv Loan/Thrift-OSFC & 3600 43200 43200 3600
OBCC
ESI 201 2444 2445 202
GPF-State Govt. 80000 1315000 1375000 140000
NPS- State Govt. 7963 64399 65772 9336
Other Recovery-ORITCO 12 144 144 12
Qtr Fees 800 9600 9600 800
Swerage Tax 450 1250 850 50
Union Fees-OSFC & OBCC 20 240 240 20
Vehicle User Fee- OSBC 19040 19040
Vehicle User Fee- State Govt. 30240 30240
Water Tax 1701 4725 3213 189
Welfare-OSFC & OBCC 80 960 960 80
Special COVID Fee 5463347602 5707753251 244405649.2
Special COVID Fee-BEER 828055398.6 916137491.6 88082093
(Civil)
Special COVID Fee- 49857931.66 52338725.52 2480793.86
Defence (IMFL & BEER)
Special COVID Fee-IMFL 4585434272 4739277034 153842762.3
(Civil)
Advertisement Payable A/c 50211 50211
Application & EMD Fee 2371988963 6162037080 3790048117
Audit Fees Payable 331500 331500
BG Invocation - Innovision 1078680 2500000 1421320
Compensation (Incentive) 6570785 6634302 446396 382879
Payable
Computer R & M Payable 2650 800 2340 4190
Consultancy Fee Payble 323536 323536
EMD 875783 1000000 1120000 995783
Entertainment Exp Payable 4720 4720
Hire Charges of Vehicle Payable 7876 7876 36418 36418
A/c
Honorarium Payable 6000 6000
Internet Charges Payable 7973.25 7973.25
Internet Charges Payable-Depot 15232 15232 12625 12625
Lease Liability 52535520.82 31424331.99 9650486.23 30761675.06
Legal Fees & Expenses Payble 110000 110000 37000 37000
Meeting Expencess Payable A/c 28726 28726 24253 24253
Misc. Exp. Payable 1290 1290 507 507

AS-IS Process Document Version 1.1 P a g e | 54

 News Paper & Periodicals 1097 1097
Payable
Pension & Leave Salary Contb. 2080524 2080524 554548 554548
Payble
P O L Expenses Payble 49572 49572
Postage & Telegram Payable 11479 11479 10034 10034
Postage & Telegram Payable- 9488 5632 7866 11722
Depot
Printing & Stationary Payble 92000 92000 221028 221028
Printing & Stationery Payable- 5785 5785
Depot
Professional Charges Payble 15675 502025 517700
Provision for Gratuity- OSBC 740698 497227 1237925
Provision for Leave Salary - 1461391 582516 2043907
OSBC
Provision for Supdt. of Excise- 2930412.06 2930412.06
UR
Recovery From Retailers 1039360 1039360
Registration Fee(Supplier) 100000 100000 1300000 1300000
Received in Advance
Repair & Maintainance Payable 580 580
Repair & Maintenance Payable- 5100 5100 6200 6200
Depot
Salary & Allowances Payable 507676 1575666 1794100 726110
Security Service 8009 8009
Charges(Agency Commission)
Security Service Charges 158572 158572 6705727 6705727
Payble
Sitting Fees Payble 22200 22200
Supplier Witheld A/c 37796.15 3850102.57 3812306.42
TDS Payable 1634872 7038539 6398455 994788
Telephone Charges Payable- 2536 2536
Depot
Telephone Charges Payble 7567 7567
Travelling & Conveyance Payble 31852 18251 7839 21440
Witheld (Retailer) A/c 3097.61 3097.61
Witheld Sub to Reconciliation 15051836.77 15135467.27 83630.5
Withheld - Prof. Charges 21000 21000
Fixed Assets 85602929.75 Dr 13386398.69 34196791.13 64792537.31 Dr
Accumulated Depreciation 35597168.99 5547495.31 41144664.3
Acquaguard Water Purifier 88604.41 Dr 88604.41 Dr
Air Conditioner 992561.15 Dr 992561.15 Dr
Air Conditioner- Depot 886629.00 Dr 886629.00 Dr
Air Cooler-Depot 20800.00 Dr 20800.00 Dr
Audio Visual System 793120.00 Dr 793120.00 Dr
Biometric Device 17700.00 Dr 17700.00 Dr
Boundary Wall 7280777.00 Dr 7280777.00 Dr
CCTV 3306410.00 Dr 3306410.00 Dr
Computer 9192034.20 Dr 220745 9412779.20 Dr

AS-IS Process Document Version 1.1 P a g e | 55

 Computer Batteries 25600.00 Dr 25600.00 Dr
Computer Printer 1062832.50 Dr 126264 1189096.50 Dr
Computer UPS 537018.60 Dr 46260 583278.60 Dr
Cycle A/c 3150.00 Dr 3150.00 Dr
Electrical Equipment & Fittings 1564995.60 Dr 1564995.60 Dr
Fan (Wall Mount)-Depot 29885.59 Dr 29885.59 Dr
Fax Machine 9110.00 Dr 9110.00 Dr
Furniture & Fixture 4902942.50 Dr 13425 4916367.50 Dr
Furniture & Fixture-Depot 386574.00 Dr 184900 571474.00 Dr
Generator 659396.00 Dr 659396.00 Dr
Inverter 21000 21000.00 Dr
Land & Building 14389024.92 Dr 14389024.92 Dr
Laptop 243665.00 Dr 367376 611041.00 Dr
LCD Projector 86300.00 Dr 86300.00 Dr
Mobile Handset 54604.00 Dr 54604.00 Dr
Network Switch 89293.00 Dr 89293.00 Dr
OFFICE EQUIPMENTS 3651028.00 Dr 3651028.00 Dr
Pedestal Fans 11200.00 Dr 11200.00 Dr
Photo Copier (Xerox) 120800.00 Dr 120800.00 Dr
Rack Server-2P 324948.00 Dr 324948.00 Dr
Right of Use of Aseets 53560915.57 Dr 6598924.69 28649295.82 31510544.44 Dr
Scanner 29800.00 Dr 16600 46400.00 Dr
Server Standard Edition 2019 5728499 5728499.00 Dr
(SQL)
Software 10986084.70 Dr 10986084.70 Dr
Stabilizer-Depot 36489.00 Dr 36489.00 Dr
Tea Maker 1900.00 Dr 1900.00 Dr
Vehicle A/c 5645406.00 Dr 5645406.00 Dr
Water Cooler-Depot 49000.00 Dr 49000.00 Dr
Water Purifier-Depot 159500.00 Dr 62405 221905.00 Dr
Investments 3140212595.90 Dr 2589331854 3140212596 2589331854.15
Dr
Accrued Interest A/c 121839679.90 Dr 87408359.15 121839679.9 87408359.15 Dr
Term Deposit 3018372916.00 Dr 2501923495 3018372916 2501923495.00
Dr
Current Assets 1587154098.93 Dr 1.78823E+11 1.72559E+11 7851358574.23
Dr
Deposits (Asset) 3645664.00 Dr 3645664.00 Dr
Sales Tax Security Deposit 11000.00 Dr 11000.00 Dr
Security Deposit (IDCO 3421090.00 Dr 3421090.00 Dr
Fortune Towers)
Security Deposit-Jio 4500.00 Dr 4500.00 Dr
Infocomm Ltd.
Security Deposit(WESCO) 29768.00 Dr 29768.00 Dr
Security Deposit with Oil 165776.00 Dr 165776.00 Dr
Orissa
Security Deposit with Trupti 5000.00 Dr 5000.00 Dr

AS-IS Process Document Version 1.1 P a g e | 56

 Service Station
Telephone(Security) 508.00 Dr 508.00 Dr
Telephone Security- Depot 8022.00 Dr 8022.00 Dr
Loans & Advances (Asset) 110000.00 Dr 180000 210000 80000.00 Dr
Festival Advance 110000.00 Dr 180000 210000 80000.00 Dr
Sundry Debtors 155937398.9 58803574591 58739609456 91972263.77
Sundry Debtors-Angul 18642813.1 4359888274 4363836607 22591146.08
Sundry Debtors-Balasore 18732714.85 9050511401 9037764297 5985610.8
Sundry Debtors-Berhampur 17706000.75 5380606091 5372001234 9101144.02
Sundry Debtors-Bolangir 2853143.74 1529970139 1536343065 9226069.19
Sundry Debtors-Cuttuck 20964003.35 10511572949 10499988147 9379201.2
Sundry Debtors-Jajpur 3470479.81 3248901919 3246388288 956848.63
Sundry Debtors-Khurda 42666496.6 11912969296 11889850484 19547685.06
Sundry Debtors-Rayagada 15080672.29 5740779256 5738163320 12464735.98
Sundry Debtors-Sambalpur 15821074.41 7068375266 7055274014 2719822.81
Cash-in-hand 37962.25 Dr 1044568 1064870.38 17659.87 Dr
Cash - Angul 4690.00 Dr 80000 84555 135.00 Dr
Cash - Balasore 121.29 Dr 320000 315739.2 4382.09 Dr
Cash - Berhampur 2.00 Dr 57546 55797 1751.00 Dr
Cash-Bolangir 2786.00 Dr 68000 69521 1265.00 Dr
Cash (H.O.) 5953.00 Dr 12825 18486 292.00 Dr
Cash-Jajpur 6114.41 Dr 80650 84945 1819.41 Dr
Cash - Khurda 5485.25 Dr 72000 69585 7900.25 Dr
Cash - Nirgundi 5298.05 Dr 208500 213751.18 46.87 Dr
Cash-Rayagada 13.00 Dr 38156 38169
Cash -Sambalpur 7499.25 Dr 106891 114322 68.25 Dr
Bank Accounts 140529588.28 Dr 1.19454E+11 1.13611E+11 5983134912.49
Dr
Bank- Salary Pay Roll 1312129 15785456 15871301 1397974
Bank- Salary OFDC 198977 1992314 1920462 127125
Bank- Salary Oil Odisha 54732 299898 260174 15008
Bank- Salary ORITCO 17696 130742 122408 9362
Bank-Salary OSBC 512630 7661310 7831906 683226
Bank- Salary OSFC & 144776 1658721 1654650 140705
OBCC
Bank-Salary State. Govt. 383318 4042471 4081701 422548
DDs in Hand 1584100.00 Dr 16327500 1584100 16327500.00 Dr
DDs in Hand-Berhampur 1584100.00 Dr 1584100
DDs in Hand-Cuttuck 16327500 16327500.00 Dr
Depot Bank Balance 284494.63 Dr 3778076.7 3355330.57 707240.76 Dr
BOB (Berhampur) 4191.75 Dr 359690 347862 16019.75 Dr
IOB (Rayagada) 15813.30 Dr 236016 211553 40276.30 Dr
IOB (Sambalpur) 36455.17 Dr 335466 328672.44 43248.73 Dr
SBI-Bolangir 27919.50 Dr 86887 90239 24567.50 Dr

AS-IS Process Document Version 1.1 P a g e | 57

 SBI (Jajpur) 2456.50 Dr 231802 233115 1143.50 Dr
SBI (Khurda) 95834.18 Dr 341770 337108.93 100495.25 Dr
SBI (Nirgundi) 14586.43 Dr 441820 400442 55964.43 Dr
UCO -Balasore 61536.09 Dr 1550566 1241062.4 371039.69 Dr
Union Bank (Angul) 25701.71 Dr 194059.7 165275.8 54485.61 Dr
Axis Bank 461867.00 Dr 15445468505 14837263285 608667087.30
Dr
ICICI Bank 6162037080 2371988963 3790048117.00
Dr
IDBI Bank- H.O. (A/c No. 54366674.93 Dr 3016815128 3051182881 19998922.13 Dr
042102000020819)
Indian Bank (E-Alb) 11720322.02 Dr 24853170443 24416986831 447903933.63
Dr
Indian Bank-Online (E-Alb) 464489.00 Dr 25445890611 24838741690 607613410.00
Dr
Indian Postal Order 40.00 Dr 30 70.00 Dr
SBI(CSR Fund) A/c- 10418084.50 Dr 9579354 18636385 1361053.50 Dr
34959123328
SBI- H.O. - (A/c No. 45661468.63 Dr 26445844360 26152270103 339235724.87
10835305103) Dr
SBI H.O. ON LINE 7453259.00 Dr 17857841530 17745294805 119999984.00
(35978725710) Dr
Union Bank- H.O. (A/c No. 9426917.57 Dr 181139685.6 157896759.8 32669843.30 Dr
450501010024026)
Advance Income Tax 301469450.00 Dr 130000000 431469450.00
Dr
Advance IT 2018-19 142469450.00 Dr 142469450.00
Dr
Advance IT 2019-20 159000000.00 Dr 159000000.00
Dr
Advance IT 2020-21 130000000 130000000.00
Dr
Defered Tax Assets 1842961.17 Dr 1842961.17 Dr
Deferred Tax Asset (2016- 138044.00 Dr 138044.00 Dr
Deferred Tax Asset (2017- 99403.85 Dr 99403.85 Dr
18)
Deferred Tax Asset-2018- 524211.21 Dr 524211.21 Dr
19
Deferred Tax Asset 2019- 1081302.11 Dr 1081302.11 Dr
20 FY
Income Tax Demand 9481683.00 Dr 76161880 74061880 11581683.00 Dr
Income Tax Demand A.Y. 74061880 74061880 0.00 Dr
2015-16
Income Tax Demand A Y 2100000 2100000.00 Dr
2018-19
Incometax Demand(TDS on 9481683.00 Dr 9481683.00 Dr
Non-Salary)
Income Tax Demand Under 931391376.00 Dr 74061880 1005453256.00
Protest Dr
Income Tax Demand Under 380717060.00 Dr 0 0 380717060.00
Protest 20134 F Y Dr
Income Tax Demand Under 545674316.00 Dr 74061880 619736196.00
Protest 2014-15 F Y Dr
Income Tax Demand Under 5000000.00 Dr 5000000.00 Dr
Protest 2016-17 F Y
Income Tax Refund 54258999.00 Dr 54258999.00 Dr

AS-IS Process Document Version 1.1 P a g e | 58

 Income Tax Refund 2013- 52126252.00 Dr 52126252.00 Dr
14
Income Tax Refund 2016- 36586.00 Dr 36586.00 Dr
17 FY
Income Tax Refund 2017- 2096161.00 Dr 2096161.00 Dr
18 FY
License Fee 60000000.00 Dr 60000000 60000000 60000000.00 Dr
License Fee Paid in 60000000.00 Dr 60000000 60000000 60000000.00 Dr
Advance
Staff Advance 6000.00 Dr 14000 20000
Himansu Sekhar Nanda- 6000.00 Dr 6000
Adv.
Nayan Kishore Pradhan- 1000 1000
Adv.
Prafulla Kumar 13000 13000
Sahoo,Steno-Adv.
Stock Holding Charges 3950647.00 Dr 36135663 3950647 36135663.00 Dr
Receivable
Stock Holding Charges 429748.00 Dr 278389 429748 278389.00 Dr
RCV-ANG
Stock Holding Charges 286983.00 Dr 910007 286983 910007.00 Dr
RCV-BLG
Stock Holding Charges 404008.00 Dr 374201 404008 374201.00 Dr
RCV-BLS
Stock Holding Charges 534448.00 Dr 4583943 534448 4583943.00 Dr
RCV-BRHM
Stock Holding Charges 921552.00 Dr 11725911 921552 11725911.00 Dr
RCV-CTC
Stock Holding Charges 209223.00 Dr 828082 209223 828082.00 Dr
RCV-JAJ
Stock Holding Charges 312457.00 Dr 1710060 312457 1710060.00 Dr
RCV-KHD
Stock Holding Charges 315959.00 Dr 5327109 315959 5327109.00 Dr
RCV-RGD
Stock Holding Charges 536269.00 Dr 10397961 536269 10397961.00 Dr
RCV-SBLP
Advance to Aska Co-Op Sugar 50000000 50000000
Advance to Excise Deptt. 5031156.00 Dr 661580 5692736.00 Dr
Advance to IDCO 15458500 15458500.00 Dr
Advance to NBCC 10831987.00 Dr 41072980 51904967.00 Dr
Advance to OCAC 5728499.00 Dr 5728499
Advance to Supdt. of Excise- 21189.00 Dr 21189.00 Dr
Sambalpur
Bridge & Roof Co. (India) Ltd.- 15617200.00 Dr 44977536 60594736.00 Dr
Adv.
Demand Service Tax 17578837.00 Dr 17578837.00 Dr
Depot- Under Reconciliation 19624.24 19624.24
Disputed VAT 1044.00 Dr 1044
General Advance 39734.89 Dr 39734.89 Dr
Internet Charges-Depot- 252178.00 Dr 259341 252178 259341.00 Dr
Advance
Internet Jio-Advance 6971 6971
Legal Expenses Paid in 20000.00 Dr 20000
Advance
Loading & Unloading Charges 40744760.00 Dr 40744760.00 Dr
Receivable

AS-IS Process Document Version 1.1 P a g e | 59

 Municipal Tax Paid in Advance 966891.00 Dr 966891
NPCC-Adv. 14974794 14974794.00 Dr
Prepaid Insurance Premium 8906907.00 Dr 7407675 8906907 7407675.00 Dr
Prepaid Vehicle Insurance 42643.00 Dr 50811 42643 50811.00 Dr
Receivable From EPFO 761163.00 Dr 761163
Receivable From Govt & Others 25705.00 Dr 25705
Recoverable From Govt.- 2719223.00 Dr 2459271 259952.00 Dr
(Boundary Wall)
Sales Tax Demand 57237635.00 Dr 57237635.00 Dr
Service Tax- Pre Mandatory 44009056.00 Dr 44009056.00 Dr
Deposit
TCS Demand 2447880.00 Dr 8030 2455910.00 Dr
TDS-Excess Deducted 7118 3200 3918.00 Dr
TDS Rceivable 23403103.48 Dr 13612934.1 37016037.58 Dr
Sales Accounts 59256180862 98479432713 39223251850
Angul Sale A/c 4359888274 4359888274
Balasore Sale A/c 9050363260 9050363260
Berhampur Sale A/c 5380517599 5380517599
Bolangir Sale A/c 1531467065 1531467065
Jajpur Sale A/c 3248901919 3248901919
Khurda Sale A/c 11912969296 11912969296
Nirgundi Sale A/c 10511572949 10511572949
Rayagada Sale A/c 5740779256 5740779256
Sales-BEER 155791.1 6587518264 6587362473
Sales-CL 1845252260 1845252260
Sales- Defence (IMFL & BEER) 450348563.3 450348563.3
Sales-IMFL 851785.58 30791488903 30790637117
Sambalpur Sale A/c 7068365105 7068365105
Purchase Accounts 38777902605 1385682.47 38776516922.35
Dr
AROED Supplier 485345660.3 48316.64 485297343.69
Dr
AROED Supplier-BEER 86756409.6 42156.86 86714252.74 Dr
AROED Supplier-CL 20772117.18 20772117.18 Dr
AROED Supplier-IMFL 377817133.6 6159.78 377810973.77
Dr
Purchase-BEER 6268956842 491342.22 6268465499.68
Dr
Purchase-BEER-E.D. 3854366977 435235.22 3853931741.28
Dr
Purchase-BEER-L.C. 2414589865 56107 2414533758.40
Dr
Purchase-CL 1812317788 1812317787.64
Dr
Purchase-CL-E.D. 1073519596 1073519596.09
Dr
Purchase-CL-L.C. 738798191.6 738798191.55
Dr
Purchase-IMFL 30211282315 846023.61 30210436291.34
Dr

AS-IS Process Document Version 1.1 P a g e | 60

 Purchase-IMFL-E.D. 21475620407 626852.67 21474993554.02
Dr
Purchase-IMFL-L.C. 8735661908 219170.94 8735442737.32
Dr
Direct Expenses 333080205.6 5233024.06 327847181.55
Dr
AROED 89602408.15 2190052.95 87412355.20 Dr
AROED- BEER E 32772414.52 7530.62 32764883.90 Dr
AROED- CL E 1654402.69 1144416.97 509985.72 Dr
AROED- IMFL E 55175590.94 1038105.36 54137485.58 Dr
Differential Excise Duty 243477797.5 3042971.11 240434826.35
Dr
Differential ED BEER E 85279918.23 607062.37 84672855.86 Dr
Differential ED CL E 4359035.86 94648.36 4264387.50 Dr
Differential ED IMFL E 153838843.4 2341260.38 151497582.99
Dr
Indirect Incomes 12874765 462215420.6 449340655.6
Stock Holding Charges 9117254.57 55968366 46851111.43
Stock Holding Charges 9117254.57 9117254.57 Dr
Stock Holding Charges- 4105353 4105353
Angul
Stock Holding Charges- 6068425 6068425
Balasore
Stock Holding Charges- 4664481 4664481
Berhampur
Stock Holding Charges- 1877201 1877201
Bolangir
Stock Holding Charges- 4665426 4665426
Jajpur
Stock Holding Charges- 7136499 7136499
Khurda
Stock Holding Charges- 11725911 11725911
Nirgundi
Stock Holding Charges- 5327109 5327109
Rayagada
Stock Holding Charges- 10397961 10397961
Sambalpur
Cash Discount 4129.16 178335750.2 178331621
Fine Recovered From Suppliers 12456841 12456841
A/c
Insurance Claim 722149 722149
Interest on Flexi A/c 31759696.07 31759696.07
Interest on SB A/c-Depot 225 225
Interest on Term Deposit 3752661 153952196.4 150199535.4
Misc Receipt 0.27 7304325.8 7304325.53
Misc Receipt-Depot 4502 4502
Permit Cancellation Fee 2050000 2050000
Procesing Fee (Price Fixation) 1340000 1340000
Processing Fee on Inter State 5977842 5977842
Sale
Recovery - Others 3678965.7 3678965.7
Registration Fee(Supplier) 6200000 6200000

AS-IS Process Document Version 1.1 P a g e | 61

 Revalidation Fee 950000 950000
RTI-Collection 374 374
Suppliers (NOP-Cr) A/c 1438187.47 1438187.47
Tender Paper (Sale) 720 26720 26000
Vehicle User Fee 49280 49280
Indirect Expenses 283780087.7 45692352.17 238087735.56
Dr
Godown Rent & Expenses 40348905 23350561.51 16998343.49 Dr
Godown Rent (Angul) 4308900 4308900.00 Dr
Godown Rent (Balasore) 2286534 2286537.33 3.33
Godown Rent (Berhampur) 3031704 599182.18 2432521.82 Dr
Godown Rent (Bolangir) 977376 977376.00 Dr
Godown Rent (Jajpur) 3348324 3348324.00 Dr
Godown Rent(Khurda) 5109011 5109011.00 Dr
Godown Rent ( Nirgundi) 11809438 11809440 2
Godown Rent (Rayagada) 822000 822000.00 Dr
Godown Rent(Sambalpur) 8655618 8655402 216.00 Dr
Professional & Legal Charges 836060 836060.00 Dr
Legal Fees & Expenses 836060 836060.00 Dr
Salary & Wages 87375541 0 87375541.00 Dr
Attendant Allowance-OSBC 48000 48000.00 Dr
Attendant Allowance-State 71613 71613.00 Dr
Govt
Basic Pay-OBCC 599200 599200.00 Dr
Basic Pay-OFDC 271297 271297.00 Dr
Basic Pay- Oil Odisha 104809 104809.00 Dr
Basic Pay-ORITCO 20628 20628.00 Dr
Basic Pay-OSBC 7472023 7472023.00 Dr
Basic Pay-OSFC & OBCC 382410 382410.00 Dr
Basic Pay-State Govt. 4893187 4893187.00 Dr
Compensation (Incentive) 4495776 4495776.00 Dr
Conv. All.-OSFC & OBCC 88168 88168.00 Dr
Conv. Allow.-OFDC 21336 21336.00 Dr
Conv. Allow- State Govt. 17565 17565.00 Dr
Conv. Allw.-ORITCO 18000 18000.00 Dr
Conv. Allw- OSBC 195073 195073.00 Dr
Conveyance Allowance- 36000 36000.00 Dr
OBCC
Conveyance Allow-Oil 56600 56600.00 Dr
Odisha
DA-OBCC 676424 676424.00 Dr
DA- OFDC 489936 489936.00 Dr
DA- Oil Odisha 178182 178182.00 Dr
DA- ORITCO 162684 162684.00 Dr
DA-OSBC-7th Pay 928254 928254.00 Dr

AS-IS Process Document Version 1.1 P a g e | 62

 DA-OSFC & OBCC 1405407 1405407.00 Dr
DA-St Govt-7th Pay 831842 831842.00 Dr
DP- ORITCO 25584 25584.00 Dr
DP-OSFC & OBCC 191218 191218.00 Dr
Employer Contribution-NPS 64399 64399.00 Dr
Exgratia 810876 810876.00 Dr
Grade Pay- OBCC 70000 70000.00 Dr
Grade Pay- OFDC 59739 59739.00 Dr
HRA-Angul-(OSFC & 3348 3348.00 Dr
OBCC)
HRA-Balasore-(OSFC & 1838 1838.00 Dr
OBCC)
HRA-BBSR-OFDC 41886 41886.00 Dr
HRA-BBSR-(OSFC & 38022 38022.00 Dr
OBCC)
HRA-Bolangir-(OSFC & 9792 9792.00 Dr
OBCC)
HRA-Chandikhloe-(OSFC & 6123 6123.00 Dr
OBCC)
HRA-Nirgundi-OBCC 10003 10003.00 Dr
HRA-OBCC-BBSR 59196 59196.00 Dr
HRA- Oil Odisha 10488 10488.00 Dr
HRA- ORITCO 6192 6192.00 Dr
HRA-OSBC 327642 327642.00 Dr
HRA-Rayagada-ODFC 12161 12161.00 Dr
HRA-St Govt.-7th Pay 176924 176924.00 Dr
IR-1- Oil Odisha 3774 3774.00 Dr
IR-2- Oil Odisha 10488 10488.00 Dr
Medical Allowance-OBCC 16800 16800.00 Dr
Medical Allowance-OFDC 9956 9956.00 Dr
Medical Allowance-Oil 26414 26414.00 Dr
Odisha
Medical Allowance- 8400 8400.00 Dr
ORITCO
Medical Allowance-OSBC 96284 96284.00 Dr
Medical Allowance-OSFC & 41146 41146.00 Dr
OBCC
Medical Allowance-SG 6187 6187.00 Dr
Medical Allowance-SG7 34865 34865.00 Dr
Merger Basic-ORITCO 30528 30528.00 Dr
Mobile Alllowance-Oil 11320 11320.00 Dr
Odisha
Mobile Allowance- OBCC 7200 7200.00 Dr
Mobile Allowance-OFDC 4268 4268.00 Dr
Mobile Allowance-ORITCO 3600 3600.00 Dr
Mobile Allowance-OSFC & 17634 17634.00 Dr
OBCC
Mobile Allowance- State 13994 13994.00 Dr
Govt.

AS-IS Process Document Version 1.1 P a g e | 63

 Mobile Allownce-OSBC 41265 41265.00 Dr
Pension & Leave Salary 1404372 1404372.00 Dr
Contribution
Salary & Allowances 4393836 4393836.00 Dr
Security Service Charges 55803365 55803365.00 Dr
Consultancy Fee 4523983 4523983.00 Dr
Consultancy Fee 4523983 4523983.00 Dr
Repair and Maintenance 1559970 875712 684258.00 Dr
Computer Repair & 44105 44105.00 Dr
Maintenance
Repair & Maintainance 105054 105054.00 Dr
Repair & Maintainance- 1255667 875712 379955.00 Dr
Depot
Vehicle Repair & 104644 104644.00 Dr
Maintainance
Xerox Repair & 50500 50500.00 Dr
Maintenance
Advertisement Exp 130494 130494.00 Dr
Appeal Fee 1000 1000.00 Dr
Audit Fees 354000 354000.00 Dr
Bank Charges 10828.86 10828.86 Dr
Bank Charges-Depot 6280.64 6280.64 Dr
Books & Journals 3960 3960.00 Dr
Business Promotion Expenses 300000 300000.00 Dr
Computer Repair & 224692 800 223892.00 Dr
Maintenance-Depot
Covid Precautionery Exp 23750 23750.00 Dr
CSR Expenses 18635028 1826571 16808457.00 Dr
Depreceation A/c 34196791.13 34196791.13 Dr
DLO Registration Fee 100 100.00 Dr
Electricity Charges 401098 401098.00 Dr
Electricity Charges-Depot 826510.93 29300 797210.93 Dr
Employee Welfare Exp 5000 5000.00 Dr
Entertainment Exp. 50627 50627.00 Dr
EPF Admn. & Misc Charges 140858 930 139928.00 Dr
Genset Expenses- Depot 406086.88 29563 376523.88 Dr
Hire Charges of Vehicle 236248 236248.00 Dr
Hiring Charges of Laptop 3429 3429.00 Dr
Hiring Charges of Vehicle-Depot 3200 3200.00 Dr
Honorarium 19080 19080.00 Dr
Insurance Premium 8906907 8906907.00 Dr
Interest on Lease Liability 3051561.54 3051561.54 Dr
Internet Charges 343887.25 343887.25 Dr
Internet Charges-Depot 279839 279839.00 Dr
License Fee 60000000 60000000.00 Dr
Mediclaim Insurance 409233 409233.00 Dr

AS-IS Process Document Version 1.1 P a g e | 64

 Meeting Exp 278219 278219.00 Dr
Miscellaneous Exp 96951 96951.00 Dr
Misc. Exp-Depot 18856 18856.00 Dr
Municipal Holding Tax 966891 966891.00 Dr
News Paper - Depot 1087 1087.00 Dr
News Paper & Periodicals 11155 11155.00 Dr
NIC on-Line Related Exp 29510 29510.00 Dr
Office Rent 10368411 8073770.48 2294640.52 Dr
P.O.L Expenses 479252 34097 445155.00 Dr
Postage & Telegram 43786 43786.00 Dr
Postage & Telegram-Depot 49268 4229 45039.00 Dr
PRINTING & STATIONARY 906307 906307.00 Dr
Printing & Stationery- Depot 336112.5 5340 330772.50 Dr
Professional Charges 4111433 21000 4090433.00 Dr
Professional Tax-Annual Fee 2500 2500.00 Dr
Provision for Defunct Creditors 11379580.18 11379580.18
Sal & All-Empl Cont-EPF 1639064 6925 1632139.00 Dr
Sal & All-Empl Cont-ESI 10565 10565.00 Dr
Sal & All-Empl Cont-PPF 28728 28728.00 Dr
Sitting Fees 448800 37760 411040.00 Dr
Tally.Net Subsciption 12744 12744.00 Dr
Telephone Charges 94648 94648.00 Dr
Telephone Charges-Depot 10894 2536 8358.00 Dr
Transportation Charges 5100 5100.00 Dr
Transportation Charges-Depot 3250 3250.00 Dr
Travelling & Conveyance 154627 13677 140950.00 Dr
Vehicle Insurance 56980 56980.00 Dr
Profit & Loss A/c 121431480.6 12341480.55 Dr
Grand Total 3.91487E+11 3.91487E+11

13. BALANCE SHEET

ODISHA STATE BEVERAGES CORPORATION LTD.

2ND FLOOR, FORTUNE TOWERS, BHUBANESWAR
BALANCE SHEET AS AT 31ST MARCH, 2021
(Amount in ₹ lakh)
Figures as at the
Figures as at the
end of the
SL end of the
Current
No Particulars Note No. Current reporting
reporting
. period 31st
period 31st
March, 2020
March, 2021
I. ASSETS

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 (1) Non-current assets
(a) Property, Plant and Equipment 4 239.93 254.49
(b) Capital work in progress -
5 1,354.90 -
Tangible
(c) Right-of-use assets 6 315.11 535.61
(d) Intangible assets 7 92.87 65.91
(e) Intangible assets under
8 - 57.28
development
(f ) Financial assets
(i) Trade receivables 9 - -
(ii) Loans Receivables 10 - -
(iii) Other financial assets 11 446.52 471.38
(g) Deferred tax assets (Net) 12 16.26 18.43
(h) Other non-current assets 13 11,317.22 10,774.27
Total Non-Current Assets 13,782.81 12,177.37
(2) Current assets
(a) Financial assets
(i) Trade receivables 14 - -
(ii) Cash and cash equivalents 15 68,589.72 11,518.80
(iii) Bank Balances other than (ii)
15 17,149.08 21,302.13
above
(iv) Loans Receivables 16 0.80 1.10
(v) Other financial assets 17 361.36 39.51
(b) Current tax assets (Net) 18 1,122.00 876.93
(c) Other current assets 19 740.59 756.57
Total Current Assets 87,963.55 34,495.04
TOTAL ASSETS 1,01,746.36 46,672.41
II. EQUITY & LIABILITIES
(1) Equity
(a) Equity share capital 20 100.00 100.00
(b) Other equity 21 34,291.06 32,961.92
Total Equity 34,391.06 33,061.92
(2) Liabilities
Non-current liabilities
(a) Lease liabilities 22 307.62 525.35
(b) Provisions 23 32.55 21.84
(c) Other non-current liabilities 24 650.19 690.17
Total Non-Current Liabilities 990.36 1,237.36
Current liabilities
(a) Financial liabilities
(i) Lease liabilities 25 - -
(ii) Trade payables 26
(a)Total Outstanding dues of
Micro Enterprises & Small - -
Enterprises
(b) Total Outstanding dues of 18,882.26 3,117.56

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 Creditors other than Micro & Small
Enterprises
(iii) Other financial liabilties 27 236.08 369.12
(b) Other current liabilities 28 47,246.33 8,886.27
(c) Provisions 29 0.27 0.18
Total Current Liabilities 66,364.94 12,373.13
TOTAL EQUITY & LIABILITIES 1,01,746.36 46,672.41
Notes forming part of the financial
statements (1 to 36)
In terms of our report of even date
attached.
For and On behalf of the Board of
For Nag & Associates
Directors
Chartered Accountants
FRN:312063E
General
Manager (A & Director Managing Director
(S. P. Padhi) A)
Partner DIN:06729202 DIN:09289956
M. No.-053292
Place: Bhubaneswar
Date:

13.1 Balance Sheet Note:1

ODISHA STATE BEVERAGES CORPORATION LTD.
2ND FLOOR, FORTUNE TOWER, BHUBANESWAR

Notes to the Financial Statements for the year ended 31st March, 2021
Property, Plant and Equipment (Amount in ₹ lakh)
As at 31st March, As at 31st March, As at 31st March, As at 31st March,
Particulars
2021 2021 2020 2020
Carrying Cost

Land (Finance lease)

1,36,17,290.41 136.16 1,38,10,224.05 138.09
Electrical Fittings
3,86,232.10 3.86 4,80,438.50 4.80
Furniture and fixtures
6,97,134.03 6.98 6,59,121.31 6.60
Vehicles
7,94,262.74 7.93 11,34,323.53 11.33
Computers
13,15,538.23 13.15 13,26,469.65 13.26
Office equipment
7,94,451.50 7.95 9,79,227.89 9.80
Building
63,89,099.32 63.90 70,60,558.43 70.61
TOTAL 239.93
2,39,94,008.33 2,54,50,363.36 254.49

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  Depreciation is provided in the accounts on written down value method & based on
useful life basis & the manner provided in schedule-II of the Companies Act 2013.

 The Corporation hold a land on leased basis for a period generally ranging from 25-
99 years from the government authorities which can be renewed further based on
mutually agreed terms and conditions. The leases are non-cancellable. This
leasehold land situated at Sonepur depot are amortised over a period of lease term
with considering significant of accounting policy.

Capital work-in-progress-Tangible
(Amount in ₹ lakh)
As at 31st March, As at 31st March, As at 31st March, As at 31st March,
Particulars
2021 2021 2020 2020
Construction of Godown
At Khurda (Bridge & 566.77
Roof Co.) 5,66,77,211.00 - -
519.05
At Sonepur (NBCC) 5,19,04,967.00 - -
141.28
At Gajam (IDCO) 1,41,28,117.00 - -
127.80
At Angul (NPCC) 1,27,80,089.00 -
-

TOTAL -
13,54,90,384.00 1,354.90 -

Right of Use of Assets (Amount in ₹ lakh)

As at 31st March, As at 31st March, As at 31st March, As at 31st March,
Particulars
2021 2021 2020 2020
Office Building & Depot
godown 5,35,60,915.57 535.61 3,41,26,653.36 341.27
(+) Addition to Office
Buiiding & Depot Godown 65,98,924.69 65.99 5,54,39,950.54 554.40
- - -
(-) Amortisation 2,86,49,295.82 -286.49 3,60,05,688.33 360.06
TOTAL
3,15,10,544.44 315.11 5,35,60,915.57 535.61

Intangible assets (Amount in ₹ lakh)

As at 31st March, As at 31st March, As at 31st March, As at 31st March,
Particulars
2021 2021 2020 2020
Software Development
92,87,984.53 92.87 65,91,650.82 65.91

- -
TOTAL 92.87
92,87,984.53 65,91,650.82 65.91

 The cost of MS-SQL server license including ancillary expenses have been

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 capitalised during the year 2020-21 and depreciated accordingly.

Intangible assets under development (Amount in ₹ lakh)

As at 31st March, As at 31st March, As at 31st March, As at 31st March,
Particulars
2021 2021 2020 2020

Software Development
(CWIP) - - 57,28,499.00 57.28
TOTAL - -
57,28,499.00 57.28

 The Corporation has paid separately as an advance to OCAC for procurement of MS-
SQL Server license which is being treated under capital work in progress until the
degree of certainty attached to the flow of future economic benefits that are
attributable to use of asset on the basis of the evidence available at the time initial
recognition.

Noncurrent-Trade receivables (Amount in ₹ lakh)

As at 31st March, As at 31st March, As at 31st March, As at 31st March,
Particulars
2021 2021 2020 2020

Trade receivables
considered good-Secured - - - -
Trade receivables
considered good-
-
Unsecured - - -
Trade receivables which
have significant increase in
credit risk - - - -
Trade receivables-credit
impaired - - - -

TOTAL - - - -
Trade receivables are dues
in respect of goods sold or
services rendered in the
normal course of business.

Non-current-Loans receivables (Amount in ₹ lakh)

As at 31st March, As at 31st March, As at 31st March, As at 31st March,
Particulars
2021 2021 2020 2020

Loan receivables
-
considered good-Secured - - -
Loan receivables
considered good-
Unsecured - - - -

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 Loan receivables which
have significant increase in
credit risk - - - -
Loan receivables-credit
impaired - - - -

- -
TOTAL - -

 There are no loans due by directors or other officers of the company or any of them
either severally or jointly with any other persons or no amounts due by firms or
private companies respectively in which any director is a partner or a director or a
member.

Other financial assets (Amount in ₹ lakh)

As at 31st March, As at 31st March, As at 31st March, As at 31st March,
Particulars
2021 2021 2020 2020

Security Deposit 36,45,664.00 36.47 36,45,664.00 36.47

Receivable from Govt. & -
Others - 25,705.00 0.26

Recoverable from Govt. & 2,59,952.00 27,19,223.00

Others (Boundary Wall) 2.60 27.19
-
CST /VAT Deposit - 1,044.00 0.01
Loading & Unloading
Charges Receivable 4,07,44,760.00 407.45 4,07,44,760.00 407.45

Receivable from Suppliers 36,75,776.19 36.76 1,50,55,356.37 150.55

483.28
4,83,26,152.19 6,21,91,752.37 621.93
Less: Provision for doubtful - - -
assets 36,75,776.19 -36.76 1,50,55,356.37 150.55
446.52
TOTAL 4,46,50,376.00 4,71,36,396.00 471.38

Deferred tax assets (Net) (Amount in ₹ lakh)

As at 31st March, As at 31st March, As at 31st March, As at 31st March,
Particulars
2021 2021 2020 2020
- - -
Deferred Tax Liabilities 1,07,49,359.73 -107.49 1,83,57,236.66 183.57

Less : Deferred tax Assets 1,23,74,280.35 123.75 2,02,00,197.83 202.00

TOTAL 16,24,920.62 16.26 18,42,961.17 18.43

 The carrying amount of deferred tax assets are reviewed at each reporting period
and are reduced to the extent that it is no longer probable that the related tax

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 benefit will be realized. However, deferred tax asset is determined based on
balance sheet approach.

Other non-current assets (Amount in ₹ lakh)

As at 31st March, As at 31st March, As at 31st March, As at 31st March,
Particulars
2021 2021 2020 2020
Unsecured, Considered
Good
Capital Advance towards
construction of godown

At Angul (NPCC) 21,94,705.00 21.95 - -

At Khurda (Bridge & Roof
Co.) 39,17,525.00 39.18 1,56,17,200.00 156.17

At Sonepur (NBCC) - 1,08,31,987.00 108.32

At Gajam (IDCO) 13,30,383.00 13.30 -

Income Tax Demand /
Deposit made under 1,00,54,53,256.00 93,13,91,376.00
protest 10,054.53 9,313.91
-
Receivable from EPFO - 7,61,163.00 7.61

Sales Tax Demand/Deposits 5,72,37,635.00 572.38 5,72,37,635.00 572.38

Service Tax Deposits 6,15,87,893.00 615.88 6,15,87,893.00 615.88

Unsecured, Considered
Doubtful

Advance Excise duty 29,30,412.06 29.30 29,30,412.06 29.30

1,13,46,51,809.06 11,346.52 1,08,03,57,666.06 10,803.57

Less: Provision for doubtful - - -
other assets 29,30,412.06 -29.30 29,30,412.06 29.30

TOTAL 1,13,17,21,397.00 11,317.22 1,07,74,27,254.00 10,774.27

 In view of various court cases, litigations and claims disputed by the Corporation,
the outflow of resources is not ascertainable at this stage.

Current-Trade receivables (Amount in ₹ lakh)

As at 31st March, As at 31st March, As at 31st March, As at 31st March,
Particulars
2021 2021 2020 2020

Trade receivables - -
-
considered good-Secured -
Trade receivables
considered good- - -
-
Unsecured -
Trade receivables which - - -

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 have significant increase in -
credit risk and
Trade receivables-credit - -
impaired - -

-
TOTAL - - -

Cash & Cash Equivalents (Amount in ₹ lakh)

As at 31st March, As at 31st March, As at 31st March, As at 31st March,
Particulars
2021 2021 2020 2020
Balances with Banks
(a) (i) Current Account
(including flexi balance and
2,17,81,57,199.49 21,781.57 14,02,57,577.28 1,402.58
interest accrued thereon)
(ii) Current account
with ICICI Bank (Application
3,79,00,48,117.00 37,900.47 -
fee to Govt. & Applicant) -
(b) Deposits with original
maturity of less than three
87,44,23,505.00 8,744.23 1,01,00,00,000.00
months 10,100.00

(c) DD/Cheques on Hand 1,63,27,500.00 163.28 15,84,100.00 15.84

(d) Cash in Hand 17,659.87 0.17 37,962.25 0.38

(e) Others (Specify nature)

Indian Postal Order 70.00 - 40.00 -

Cash and cash equivalents
as per Balance sheet 6,85,89,74,051.36 68,589.72 1,15,18,79,679.53 11,518.80
Balances with Banks more
than three months 1,71,49,08,349.15 17,149.08 2,13,02,12,595.90 21,302.13
TOTAL CASH AND BANK
BALANCES 8,57,38,82,400.51 85,738.80 3,28,20,92,275.43 32,820.93

Current-Loans receivables (Amount in ₹ lakh)

As at 31st March, As at 31st March, As at 31st March, As at 31st March,
Particulars
2021 2021 2020 2020
Considered good
Loans & advances to
0.80
employees 80,000.00 1,10,000.00 1.10
0.80
TOTAL 80,000.00 1,10,000.00 1.10
* Receivables due by directors and its officers of the Company is nil (Previous year: nil)

Other financial assets-Current (Amount in ₹ lakh)

As at 31st March, As at 31st March, As at 31st March, As at 31st March,
Particulars
2021 2021 2020 2020
Stock Holding Charges
Receivable 3,61,35,663.00 361.36 39,50,647.00 39.51
361.36
TOTAL 3,61,35,663.00 39,50,647.00 39.51

Current tax assets and (Amount in ₹ lakh)

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 liabilities
As at 31st March, As at 31st March, As at 31st March, As at 31st March,
Particulars
2021 2021 2020 2020
Current tax assets

Advance Tax &TDS 48,25,23,080.58 4,825.22 33,68,02,116.48 3,368.02

Refund receivable 5,42,58,999.00 542.59 5,42,58,999.00 542.59

Less: Provision for Income - - -
tax 42,45,81,170.00 -4,245.81 30,33,67,730.00 3,033.68
11,22,00,909. 1,122.0 8,76,93, 876.
TOTAL 58 0 385.48 93

Other current assets (Amount in ₹ lakh)

As at 31st March, As at 31st March, As at 31st March, As at 31st March,
Particulars
2021 2021 2020 2020
Receivable from Suppliers
5,87,564.29 5.87 3,90,311.96 3.90
Advance to excise
Department 57,13,925.00 57.14 50,52,345.00 50.52

Prepaid License fee 6,00,00,000.00 600.00 6,00,00,000.00 600.00

Prepaid Insurance of Stock 74,07,675.00 74.08 89,06,907.00 89.07

-
Prepaid Municipal Tax - 9,66,891.00 9.67
Depot advance-Internet
Charges 2,59,341.00 2.59 2,52,178.00 2.52
0.91
Others Advances 90,545.89 88,753.65 0.89
740.59
TOTAL 7,40,59,051.18 7,56,57,386.61 756.57

13.2 Balance Sheet Note: 2

ODISHA STATE BEVERAGES CORPORATION LTD.
2ND FLOOR, FORTUNE TOWER, BHUBANESWAR
Notes to the Financial Statements for the year ended 31st March, 2021

2 Equity Share Capital (Amount in ₹

0 lakh)
As at 31st March, As at 31st March, As at 31st
Particulars
2021 2021 March, 2020
Authorised Capital

50,00,000 Equity Shares of Rs.10/ each 5,00,00,0 50

(with equal voting rights fully paid) 00.00 0.00 500.00
Issued and subscribed & fully paid-up
capital

10,00,000 Equity Shares @ Rs.10/ each 1,00,00,000.00 100.00 100.00

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 TOTAL 1,00,00,000.00 100.00 100.00
The movement in subscribed and paid up
share capital is set out below.
As at 31st March, As at 31st March, As at 31st
2021 2021 March, 2020
No. Of Shares No. Of Shares Rs. No. Of Shares
Rs. Lakhs Lakhs Rs. Lakhs
Ordinary shares of Rs. 10 each
10,00,000 10,00,000 10,00,000
At the beginning of the year 100.00 100.00 100.00
0 0 0
Shares alloted during the year 0.00 0.00 0.00
10,00,000 10,00,000 10,00,000
100.00 100.00 100.00
Shares in the company held by each shareholder holding more than 5% shares
As at 31st March, As at 31st March, As at 31st
2021 2021 March, 2020
No of Shares No of Shares No of Shares
% of % of % of
Held (Face value Held (Face value Held (Face value
Name of the Shareholder
Total Total Total
of Rs. 10 each) of Rs. 10 each) of Rs. 10 each)
Shares Shares Shares
9,99,993 9,99,993 9,99,993
Hon'ble Governor of Odisha
99.9993 99.9993 99.9993
 The Company has only one class of share refered to as equity shares having a par
value of Rs. 10. Each holder of equity share is entitled to one vote per share. In
the event of liquidation of the Corporation, the holders of equity shares will be
entitled to receive any of the remaining assets of the Corporation after
distribution of all preferential amounts. However, no such preferential amount
exists currently. The distribution will be in proportion to the number of equity
shares held by the Shareholders.

(Amount in ₹
Other Equity
lakh)
As at 31st March, As at 31st March, As at 31st
Particulars
2021 2021 March, 2020
General reserve

Opening balance 33,10,86,587.00 3,310.86 3,310.86

(+) Current year transfer - -

Closing balance (a) 33,10,86,587.00 3,310.86 3,310.86

Retained earnings

Opening balance

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 2,96,53,31,048.57 29,653.24 28,604.93

Transition impact of IND AS-116 - - -

Restated Opening Balance 2,96,53,31,048.57 29,653.24 28,604.93

As at 31st March, As at 31st March, As at 31st

Particulars
2021 2021 March, 2020

(+) Net Profit for the current year 20,87,73,625.84 2,087.79 2,526.67

(-) Transfer to reserves - - -

- - -
(-) Dividend paid 7,58,01,326.00 758.01 899.74
-
(-) Dividend distribution tax - - 184.94

(-) Debit Under recincilation - -

(-) Provision for IT-FY-2017-18 - -2.38

(-) Provision for IT-FY-2016-17 - -0.03

(-) Provision for IT-FY-2015-16 - -

(-) Provision for IT-FY-2013-14 - -2.58

(+) Income Tax Refund-FY-2014-15 235.83

-
(-) Advance IT (2000-01 to 09-10) - 624.52

Closing balance (b) 3,09,83,03,348.41 30,983.02 29,653.24

Other Comprehensive Income

- -
Opening balance 2,18,613.92 2.18 -1.69
- -
Changes during the year 99,053.00 0.99 -0.75

Deferred tax 34,613.08 0.35 0.26

- -
Total other comprehensive income (c) 2,83,053.84 2.82 -2.18
(a+b+c
Total other equity ) 3,42,91,06,881.57 34,291.06 32,961.92

(Amount in ₹
Non-current liabilities-Leases lakh)
As at 31st March, As at 31st March, As at 31st
Particulars 2021 2021 March, 2020

Opening Lease obligtion 5,25,35,520.81 525.35 335.77

(+) Addition to Lease obligation 65,98,924.69 65.99 554.40

(+) Interest on Lease obligtion

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 30,51,561.54 30.52 38.64
- - -
(-) Repayment of Lease 3,14,24,331.99 314.24 403.46

TOTAL 3,07,61,675.05 307.62 525.35

(Amount in ₹
Non-current liabilities-Provisions lakh)
As at 31st March, As at 31st March, As at 31st
Particulars
2021 2021 March, 2020

Provision for leave encashment 20,27,107.00 20.27 14.50

Provision for gratuity 12,28,110.00 12.28 7.34

TOTAL 32,55,217.00 32.55 21.84

(Amount in ₹
Other non-current liabilities lakh)
As at 31st March, As at 31st March, As at 31st
Particulars
2021 2021 March, 2020

Entry tax witheld subject to reconcilation - - 150.52

Recovery from Retailers 10,39,360.00 10.39 10.39

Withheld (Retailer) account 3,097.61 0.03 0.03

Supplier Witheld A/c - - 0.38

Withheld Innovision 14,21,320.00 14.21 -

Security deposits 6,25,55,542.40 625.56 528.85

TOTAL 6,50,19,320.01 650.19 690.17

(Amount in ₹
Current liabilities-Lease liabilties lakh)
As at 31st March, As at 31st March, As at 31st
Particulars 2021 2021 March, 2020

Lease obligation - -

TOTAL - - -

(Amount in ₹
Trade Payables lakh)
As at 31st March, As at 31st March, As at 31st
Particulars
2021 2021 March, 2020
Outstanding dues of Micro Enterprises &
Small Enterprises - - -
Outstanding dues other than Micro
Enterprises & Small Enterprises

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 -Creditors for supplies and services
1,88,82,28,036.36 18,882.26 3,117.56

TOTAL 1,88,82,28,036.36 18,882.26 3,117.56

 The amount due to Micro and Small Enterprises as defined in `The Micro, Small
and Medium Enterprises Development Act, 2006', has been determined to the
extent such parties have been identified on the basis of information available
with the Company. The disclosures relating to Micro and Small Enterprises are as
follows.

Description As at 31st March, As at 31st March, As at 31st

2021 2021 March, 2020
(i) The principal amount remaining unpaid to supplier
as at the end of the year.
- - -
(ii) The interest due thereon remaining unpaid to
supplier as at the end of the year.
- - -
(iii) The amount of interest due thereon and payable
for the period of delay in making payment (which
have been paid but beyond the appointed day during
the year) but without adding the interest specified - - -
under this act.

(iv) The amount of interest accrued during the year

and remaining unpaid at the end of the year.
- - -
(v) The amount of further interest remaing due and
payable even if in the succeding year until such date
the interest due above are actually paid.
- - -

(Amount in ₹
Other Financial Liabilities lakh)
As at 31st March, As at 31st March, As at 31st
Particulars
2021 2021 March, 2020
Financial liabilities carried at amortized
cost

Employee benefits payable 49,27,784.00 49.29 122.57

Godown rent payable 1,38,04,045.63 138.02 180.83

Security services charges payable 48,76,709.00 48.77 65.72

TOTAL 2,36,08,538.63 236.08 369.12

(Amount in ₹
Other current liabilities lakh)
As at 31st March, As at 31st March, As at 31st
Particulars
2021 2021 March, 2020
Statutory dues

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 83,81,15,215.24 8,381.17 7,289.25

Advance from customers 9,19,72,263.77 919.74 1,559.37

Application Fee & EMD (Payable to Govt. &
applicant) 3,79,00,48,117.00 37,900.47 -
Registration fee (Supplier) received in
advance 13,00,000.00 13.00 1.00

Other liabilities 31,95,759.55 31.95 36.65

TOTAL 4,72,46,31,355.56 47,246.33 8,886.27

(Amount in ₹
Current liabilities-Provisions lakh)
As at 31st March, As at 31st March, As at 31st
Particulars
2021 2021 March, 2020

Provision for leave encashment 16,800.00 0.17 0.12

Provision for gratuity 9,815.00 0.10 0.06

TOTAL 26,615.00 0.27 0.18

14. CASH FLOW:

ODISHA STATE BEVERAGES CORPORATION LTD.

2ND FLOOR, FORTUNE TOWERS, BHUBANESWAR
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2021
(Amount in ₹
lakh)
For the
For the period ended period ended
Particulars
March 31, 2021 March 31,
2020
A. CASH FLOWS FROM OPERATING ACTIVITIES
Net Profit / (Loss) before extraordinary items
and tax 3,302.44 3,892.99
Adjustments for:
Current year depreciation
341.95 405.36
Interest income from deposits -1,819.60
-2,995.32
Finance cost
30.52 38.64
Interest on IT refund -
-34.84
Total of adjustments -1,447.13
-2,586.16

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 Operating profit / (loss) before working capital
changes 1,855.31 1,306.83
Movements in working capital
Increase (Decrease) Trade receivable -
7.67
Increase (Decrease) Other financial assets and other -1,068.72
assets -717.65
(Decrease)Increase Trade payable 15,764.78 -
16,056.31
(Decrease)Increase Other financial liabilities, other 38,197.13
liabilities and provisions 1,966.79
Cash generated from operations 54,748.50 -
13,492.67
Income tax paid -1,214.65
-1,366.31
Current tax Earlier year -
-393.67
Net cashflow from/ (used in) operating activities 53,533.85 -
(A) 15,252.66
B. CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditure on fixed assets, including capital
advances
Purchase of fixed assets -
67.87 -93.75
Capital expenditure on fixed assets -1,297.62
-221.77
Payment for acquiring right-of-use assets -
65.99 -554.40
Sale of fixed assets (Adjustment of -
depreciation) -
Movement in fixed deposits
4,153.04 -1,645.55
Movement in deferred tax assets
2.18 -10.81
Interest on IT refund -
34.84
Interest received
1,819.60 2,995.32
Net cash flow from/(used in) investing activities
(B) 4,543.34 503.88

C. CASH FLOWS FROM FINANCING ACTIVITIES

Repayment of lease liabilities -
217.74 189.59
Finance cost -
30.52 -38.64
Dividend paid -

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 758.01 -899.74
DDT Paid -
-184.94
Net cash flow from/(used in) financing activities -1,006.27
(C) -933.73

Net increase / (decrease) in Cash and cash equivalents 57,070.92 -

(A+B+C) 15,682.51
Cash and cash equivalents at the beginning of the 11,518.80
year 27,201.31
Cash and cash equivalents at the end of the year 68,589.72
11,518.80
(Note-1
Notes forming part of the financial statements to 36)
In terms of our report of even date attached.
For Nag & Associates For and On behalf of the Board of Directors
Chartered Accountants
FRN:312063E

General
Managing
Manage Director
Director
(S. P. Padhi) r (A & A)
DIN:06729202
Partner DIN:09289956
M. No.-053292
Place: Bhubaneswar
Date:

15. Asset Accounting

 An accountant records and reports a company's financial information. Asset accounting focuses
on the recording and reporting of financial information related to a company’s balance sheet
financial statement. The balance sheet reports all assets of a business.
 Asset Depreciation are calculated as per Company Tax Act as well as Income Tax Act on Yearly
Basis.

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15.1 CWIP (Capital Work in Progress):
The Capital Work in Progress, also known in short as CWIP, is one of the important parts of the
non-current asset of an entity. In OSBC CWIP includes Software Development, Capital advance towards
Construction of Godown etc., at the time of preparation of balance sheet. CWIP is the work that is not
yet complete but amount has already been paid.

The costs being incurred on such assets cannot be recognized as an operating asset until they
qualify as a ready to use asset. All costs incurred on assets under construction are recorded as “ Capital
work in progress (CWIP)” and on completion and readiness of asset these are transferred to “Operating
Fixed Assets” account.

15.2 Journal Entry for CWIP of OSBC:

ADVANCE TO NPCC A/C DR
TO BANK A/C CR
(Being payment made towards construction of Godown)
CWIP A/C DR
TO ADVANCE TO NPCC CR
(Being capital advance towards construction of godown transfer to CWIP account based on utilization
of Certificate (UC) provided by construction company)

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15.3 Fund Utilisation Statement for booking of CWIP:

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