Financial instruments (Tables)

12 Months Ended

Mar. 31, 2018

Disclosure of detailed information about financial instruments [abstract]

Disclosure of detailed information about financial instruments [text block]

The carrying value and fair value of financial instruments by each category as at March 31, 2018 were as follows:

Particulars	Note	Financial assets/ liabilities at amortised costs		Financial assets / liabilities at FVTPL		Financial assets / liabilities at FVTOCI		Total carrying value		Total fair value
Assets
Cash and cash equivalents	7		2,288,121		-		-		2,288,121		2,288,121
Other assets	9		360,378		-		-		360,378		360,378
Trade receivables	12		8,820,579		-		-		8,820,579		8,820,579
Other receivables	12		48,141		-		-		48,141		48,141
Other investments	14		144,008		-		1,710		145,718		145,718
Liabilities
Bank overdraft	7		2,121,537		-		-		2,121,537		2,121,537
Finance lease liabilities	16		185,965		-		-		185,965		185,965
Other liabilities	18		207,046		-		-		207,046		207,046
Borrowings from banks	19		2,021,228		-		-		2,021,228		2,021,228
Borrowings from others	19		1,464,637		-		-		1,464,637		1,464,637
Trade and other payables	20		6,779,018		-		-		6,779,018		6,779,018
Derivative financial liabilities	20		-		1,729		-		1,729		1,729

The carrying value and fair value of financial instruments by each category as at March 31, 2017 were as follows:

Particulars	Note	Financial assets/ liabilities at amortised costs		Financial assets / liabilities at FVTPL		Financial assets / liabilities at FVTOCI		Total carrying value		Total fair value
Assets
Cash and cash equivalents	7		1,884,265		-		-		1,884,265		1,884,265
Other assets	9		213,424		-		-		213,424		213,424
Trade receivables	12		6,950,563		-		-		6,950,563		6,950,563
Other receivables	12		101,098		-		-		101,098		101,098
Other investments	14		72,943		-		1,710		74,653		74,653
Liabilities
Bank overdraft	7		991,161		-		-		991,161		991,161
Finance lease liabilities	16		519,219		-		-		519,219		519,219
Other liabilities	18		201,679		-		-		201,679		201,679
Borrowings from banks	19		2,567,076		-		-		2,567,076		2,567,076
Borrowings from others	19		844,002		-		-		844,002		844,002
Trade and other payables	20		5,648,740		-		-		5,648,740		5,648,740
Derivative financial liabilities	20		-		36,160		-		36,160		36,160

Disclosure of financial assets [text block]

The carrying amount of financial assets as at March 31, 2018 and 2017 that the Group has provided as collateral for obtaining borrowings and other facilities from its bankers are as follows:

	As of
	March 31, 2018		March 31, 2017
Cash and cash equivalents		2,067,397		1,654,634
Other assets		358,106		209,742
Trade receivables		8,713,161		6,856,976
Other receivables		41,007		100,457
		11,179,671		8,821,809

Disclosure of effect of changes in foreign exchange rates [text block]

The following table gives details in respect of the notional amount of outstanding foreign exchange contracts as at March 31, 2018 and 2017.

	As of
	March 31, 2018		March 31, 2017
Forward contracts
In U.S. Dollars (Sell)		-		3,000
In U.S. Dollars (Buy)		-		9,800

Disclosure of maturity analysis for derivative financial liabilities [text block]

The forward exchange contracts and option contracts mature between one and twelve months. The table below summarizes the notional amounts of derivative financial instruments into relevant maturity groupings based on the remaining period as at the end of the year:

	As of
	March 31, 2018		March 31, 2017
Sell:	(US $)		(US $)
Not later than one month		-		500
Later than one month and not later than three months		-		1,000
Later than three months and not later than six months		-		1,500
Later than six months and not later than one year		-		-
Buy:	(US $)		(US $)
Not later than one month		-		3,500
Later than one month and not later than three months		-		700
Later than three months and not later than six months		-		5,600
Later than six months and not later than one year		-		-

Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [text block]

The details of outstanding cross currency swap contracts as of March 31, 2018 are as under:

	As of
	March 31, 2018				March 31, 2017
	Payable (US $)		Receivable (₹)		Payable (US $)		Receivable (₹)
Cross Currency Swap (US$)		-		-		2,213		137,500

Disclosure of detailed information about maturity analysis of currency swaps [text Block]

The maturity of these contracts extends till five years. The table below summarizes the cash flows (principal and interest) of these derivative financial instruments into relevant maturity groupings based on the remaining period as at the end of the year:

	As of
	March 31, 2018				March 31, 2017
	Payable (US $)		Receivable (₹)		Payable (US $)		Receivable (₹)
Less than 1 year		-		-		946		65,101
One to two years		-		-		887		58,743
Two to three years		-		-		626		39,884
Three to four years		-		-		-		-
Four to five years		-		-		-		-
Total cash flows		-		-		2,459		163,728

Disclosure of detailed information about maturity analysis of interest rate swaps [text Block]

The maturity of these contracts extends till five years. The table below summarizes the cash flows (interest) of these derivative financial instruments into relevant maturity groupings based on the remaining period as at the end of the year:

	As of
	March 31, 2018				March 31, 2017
	Receivable (US $)		Payable (US $)		Receivable (US $)		Payable (US $)
Less than 1 year		210		283		288		419
One to two years		106		149		192		283
Two to three years		12		18		97		149
Three to four years		-		-		11		18
Four to five years		-		-		-		-
Total cash flows		328		450		588		869

Disclosure of detailed information about fair value measurement [text Block]

The details of assets and liabilities that are measured on fair value on recurring basis are given below:

	Fair value as of March 31, 2018						Fair value as of March 31, 2017
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets
Derivative financial assets – gain on outstanding forward/options contracts		-		-		-		-		-		-
Liabilities
Derivative financial liabilities – loss on outstanding forward/options contracts		-		-		-		-		(18,079)		-
Derivative financial liabilities - loss on outstanding cross currency swaps		-		-		-		-		-		(7,987)
Derivative financial liabilities - loss on outstanding interest rate swaps		-		-		1,729		-		-		(10,094)

Disclosure of financial instruments at fair value through profit or loss [text block]

Interest income/ (expenses), gains/ (losses) recognized on financial assets and liabilities

Recognized in profit or loss 

	Year ended
	March 31, 2018		March 31, 2017		March 31, 2016
Financial assets at amortised cost
Interest income on bank deposits		25,168		26,463		28,015
Interest income from other financial assets		104,157		96,121		14,336
Impairment loss of trade receivables		(370,000)		(383,534)		(182,161)
Financial assets at fair value through profit or loss
Net change in fair value of derivative financial instruments gain/(loss)		8,365		10,828		(48,188)
Financial liabilities at amortised cost
Interest expenses on lease obligations		(31,169)		(88,138)		(126,433)
Interest expenses on borrowings from banks, others and overdrafts		(381,644)		(255,273)		(312,936)