Financial Results Overview

Quarter Ended March 31, 2019 (Unaudited):

  • Total Income from operations: ₹13.10 lakhs
  • Other comprehensive income: Not specified
  • Basic and Diluted EPS: 0.19

Year Ended March 31, 2019 (Audited):

  • Total Expenses: ₹1.94 lakhs (comprising Employee benefits expense: ₹0.01 lakhs and Other expenses: ₹1.93 lakhs)
  • Profit/Loss before exceptional items and extraordinary items: Not specified
  • Profit from ordinary activities before finance costs: (₹1.94) lakhs
  • Net Profit/Loss before tax: (₹1.94) lakhs
  • Total Tax Expenses: Nil
  • Net profit/Loss for the period from continuing operations: Not specified
  • Basic and Diluted EPS: (0.05)

Comparative Figures (Year Ended March 31, 2018 - Audited):

  • Net Profit/Loss: (₹1.94) lakhs
  • Basic and Diluted EPS: (0.04)

Balance Sheet Position (Standalone Statement of Assets and Liabilities)

As of March 31, 2019:

  • Total Assets: ₹6.50 lakhs
  • Non-Current Assets: ₹5.76 lakhs (Long term loans and advances: ₹5.76 lakhs)
  • Current Assets: ₹0.74 lakhs (Cash and Cash equivalents: ₹0.74 lakhs)
  • Equity and Liabilities: ₹6.50 lakhs
  • Shareholders Fund: (₹186.08) lakhs
  • Share Capital: ₹461.00 lakhs
  • Reserves and Surplus: (₹647.40) lakhs
  • Non-Current Liabilities: Nil
  • Current Liabilities: ₹192.58 lakhs
  • Short term borrowings: ₹188.05 lakhs
  • Trade payables: ₹3.85 lakhs
  • Other short term provisions: ₹0.68 lakhs

As of March 31, 2018:

  • Total Assets: ₹7.40 lakhs
  • Non-Current Assets: ₹5.76 lakhs (Long term loans and advances: ₹5.76 lakhs)
  • Current Assets: ₹1.64 lakhs (Cash and Cash equivalents: ₹1.64 lakhs)
  • Equity and Liabilities: ₹7.40 lakhs
  • Shareholders Fund: (₹170.64) lakhs
  • Share Capital: ₹461.32 lakhs
  • Reserves and Surplus: (₹631.96) lakhs
  • Non-Current Liabilities: Nil
  • Current Liabilities: ₹178.04 lakhs
  • Short term borrowings: ₹173.80 lakhs
  • Other current Liabilities: ₹0.46 lakhs
  • Other short term provisions: ₹3.78 lakhs

Audit and Compliance Details

  • Auditor: P. D. Agrawal & Co., Chartered Accountants (FRN: 001049C)
  • Audit Opinion: The auditors expressed an unqualified opinion stating the financial results give a true and fair view and are presented in accordance with SEBI Regulation 33 requirements
  • Audit Date: May 14, 2019
  • Accounting Standards: Prepared in accordance with Indian Accounting Standards (Ind-AS), specifically Accounting Standard 25 for Interim Financial Reporting
  • Review and Approval: Results reviewed by Audit Committee and approved by Board of Directors on May 15, 2019
  • Previous Period Figures: Have been regrouped/reclassified to make them comparable with current period/year figures

Additional Information

  • Paid up equity share capital: Face Value of ₹10/- per Share (amount not specified)
  • The financial results include a reconciliation note stating that net actuarial gain/loss on employee defined benefit obligation has been reclassified to other comprehensive income under Ind-AS
  • The company has negative reserves and surplus, indicating accumulated losses
  • No details provided on cost of materials consumed, purchases of stock-in-trade, changes in inventories, depreciation, or finance costs