KM WEDDING EVENTS MANAGEMENT, INC.

CIK:0001591768|SEC Filings

Interim Condensed Consolidated Statement of Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues
Matrimonial service income	$ 155,037	$ 130,547	$ 289,832	$ 299,012
Wedding event management income				39,456
Wedding infrastructure lease income	1,692	2,915	9,400	10,549
Total	156,729	133,462	299,232	349,017
Costs and expenses
Matrimonial service expenses	75,616	96,462	144,435	161,873
Wedding event management expenses		(20,430)		31,170
Wedding infrastructure maintenance expenses	746	1,174	4,331	4,295
Personnel costs	28,384	66,777	65,639	164,323
General and administrative expenses	59,486	135,241	173,450	235,350
Depreciation and amortization	6,705	8,093	14,546	15,885
Total	170,987	287,317	402,201	612,896
Operating Income / (loss)	(14,208)	(153,855)	(103,169)	(263,879)
Other income / (expenses)
Foreign exchange gain / (loss)	(4,127)	8,608	1,409	13,971
Miscellaneous income
Interest income
Finance charges	(37,984)	(20,638)	(58,651)	(40,882)
Total other income / (expenses), net	(42,111)	(12,030)	(57,242)	(26,911)
Income / (loss) before income tax expense	(56,319)	(165,885)	(160,411)	(290,790)
Income taxes
Provision for Income taxes written back		12,353		12,353
Deferred tax benefit	35,906	75,731	35,906	75,731
Prior Period Taxes
Current Taxes
Net income / (loss)	(20,413)	(77,801)	(124,505)	(202,706)
Attributable to:
Equity holders of the company	(19,176)	(66,355)	(84,801)	(163,571)
Non-controlling interest	(1,237)	(11,446)	(39,704)	(39,135)
Net income / (loss)	$ (20,413)	$ (77,801)	$ (124,505)	$ (202,706)
Earnings / (loss) per share - basic and diluted	$ (.0005)	$ (.0016)	$ (.0020)	$ (.0039)

Interim Condensed Consolidated Statement of Cash Flow (Unaudited) - USD ($)	6 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities
Net income / (loss)	$ (124,505)	$ (202,706)
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	14,546	15,885
Unrealized foreign exchange (gain) / loss	(1,205)	(14,213)
Bad debts		7,777
Amortization of film costs	3,329	18,829
Marketing Charges - Shares issued as consideration
Deferred tax benefit	35,906	75,731
Provision for Income taxes written back		12,353
Changes in operating assets and liabilities
(Increase)/Decrease in accounts receivables	(13,101)	12,231
(Increase)/Decrease in other current assets	57,821	66,957
(Increase)/Decrease in film costs	(6,912)	(27,573)
(Increase)/Decrease in other non-current assets	72	2,987
Increase/(Decrease) in accounts payable	14,734	62,191
Increase/(Decrease) in income tax and other statutory liabilities	61,054	24,353
Increase /(Decrease) in other current liabilities	6,837	137,580
Increase /(Decrease) in other non-current liabilities	(5,573)	1,256
Net cash provided by/(used in) operating activities	(28,809)	17,470
Cash flows from investing activities
Additions to property, plant and equipment	(431)	(7,329)
Sale of property, plant and Equipment	7,424
Advance given for Investment
Net cash provided by (used in) investing activities	6,993	(7,329)
Cash flows from financing activities
Proceeds from short term debts	9,241	17,146
Proceeds from issue of Equity Shares
Proceeds from / (repayment of) long term debts	1,750	(13,682)
Net cash provided by (used in) financing activities	10,991	3,464
Effect of exchange rate changes on cash	(23)	(4,959)
Net increase in cash and cash equivalents	(10,848)	8,646
Cash and cash equivalents, beginning of period	13,250	97,960
Cash and cash equivalents, end of period	2,402	106,606
Supplementary disclosures of cash flow information
Cash paid for interest	58,601	40,882
Cash paid for income taxes	$ 12,217	$ 1,814

Interim Condensed Consolidated Balance Sheet (Unaudited) - USD ($)	Sep. 30, 2016	Mar. 31, 2016
Current assets:
Cash and cash equivalents	$ 2,402	$ 13,250
Accounts receivable	461,628	448,809
Other current assets	23,051	103,128
Total current assets	487,081	565,187
Non-current assets:
Property, plant and equipment, net	84,698	102,387
Intangible assets, net	8,166	12,530
Goodwill	762,235	762,235
Film costs	6,895	3,337
Deferred tax assets, net	96,547	61,032
Other non-current assets	63,073	63,459
Total non-current assets	1,021,614	1,004,980
Total assets	1,508,695	1,570,167
Current Liabilities:
Accounts payable and accrued liabilities	284,687	270,380
Statutory liabilities	344,046	284,554
Short-term loans & current portion of long term debt	230,813	212,544
Unsecured loans from related parties, net of advances	168,349	179,679
Other current liabilities	180,330	174,375
Total current liabilities	1,208,225	1,121,532
Non-current liabilities:
Long-term debt	237,991	237,086
Other non-current liabilities	17,244	22,916
Total non-current liabilities	255,235	260,002
Equity:
Common stock par value $0.001 (shares outstanding: 42,096,160 and 42,096,160 as at September 30, 2016 and March 31, 2016, respectively)	42,096	42,096
Additional paid-in-Capital	1,165,712	1,165,712
Accumulated deficit	(845,740)	(749,919)
Equity Attributable to equity holders of the company	362,068	457,889
Non-Controlling Interest	(316,833)	(269,256)
Total equity	45,235	188,633
Total liabilities and equity	$ 1,508,695	$ 1,570,167