Financial Results Summary

Balance Sheet Position (as at September 30, 2018)

Assets:

  • Total Assets: ₹692,334.24
  • Non-Current Assets: ₹575,698.00 (consisting entirely of Long Term Loans and Advances)
  • Current Assets: ₹116,636.24 (consisting entirely of Cash and Cash Equivalents)

Equity and Liabilities:

  • Share Capital: ₹46,132,000.00
  • Reserves and Surplus: -₹63,836,992.76
  • Shareholders' Funds: -₹17,708,992.76
  • Current Liabilities: ₹18,397,327.00 (including Short Term Borrowings of ₹18,293,000.00 and Other Current Liabilities of ₹104,327.00)

Statement of Profit and Loss (Quarter Ended September 30, 2018)

  • Income From Operations: ₹0
  • Other Income: ₹40,066
  • Total Income: ₹40,066
  • Total Expenses: ₹40,066
  • Profit/(Loss) before tax: (₹40,066)
  • Tax Expense: ₹0
  • Net Profit/(Loss) for the period: (₹40,066)
  • Other Comprehensive Income: ₹0
  • Total Comprehensive Income: (₹40,066)
  • Earnings Per Share (EPS): (₹0) both basic and diluted

Comparative Figures

Previous Quarter (June 30, 2018):

  • Net Profit/(Loss): (₹3,027)
  • Total Comprehensive Income: (₹3,027)

Same Quarter Previous Year (September 30, 2017):

  • Net Profit/(Loss): (₹20,004)
  • Total Comprehensive Income: (₹20,004)

Auditor Review

The financial results were subject to a limited review by P.D. Agarwal & Co., Chartered Accountants (Firm Registration No: 009190N). Their review report dated October 25, 2018, states that nothing has come to their attention that causes them to believe that the statement has not been prepared in all material respects in accordance with Ind AS and other recognized accounting practices and policies.

Significant Accounting Notes

1. The company has adopted Indian Accounting Standards (Ind AS) for the financial year commencing from April 1, 2018.

2. The results for previous periods have been restated as per Ind AS.

3. The financial results have been reviewed by the Audit Committee and approved by the Board of Directors.

4. Previous period/year figures have been regrouped/reclassified to make them comparable with current period/year figures.

5. The statutory auditors carried out a "Limited Review" of the financial results for the quarter/half ended September 30, 2018.