ABC India Ltd. — Interim / Quarterly Report 2019

Nov 14, 2019

40/8, BALLYGUNGE CIRCULAR ROAD, KOLKATA - 700019 PHONE : (033) 2461 4156 / 4157, FAX : 91-33-24614193 E-MAIL : cmd@abcindia.com, HOME PAGE : www.abcindia.com

Date: 14.11.2019

h_ BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai — 400 001 Scrip Code : 520123

The Calcutta Stock Exchange Limited 7, Lyons Range, Kolkata- 7000 01 Scrip Code No. 10011146

Dear Sir,

Reg: Outcome of Board Meeting

With further reference to our letter of 6 November, 2019, the Board of Directors of the Company in its meeting held on date i.e. 14° November, 2019 has approved the Un-audited financial results for the quarter and half year ended on 30" September, 2019 and the same is attached alongwith Statement of Assets & Liabilities, Cash Flow Statement for the half year ended on 30" September, 2019 and Limited Review Report as issued by the Auditors of the Company and placed before the Board . pursuant to Regulation 30(6) and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Please note that the meeting commenced at 3.00 P.M. and concluded at 5.00 P.M.

This may please be informed to the Members of your Stock Exchange.

Please acknowledge the receipt of the above.

Thanking You,

Yours faithfully,

For ABC India Limited

Sageyg Agowet

Sanjay Agarwal Company Secretary & Compliance Officer

Encl: As above

	NANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPT, 2019 ROAD, KOLKATA - 700 073, Phone: (033) 22371745/24614156, FAX: (033) 24614193 Email: vrmd@abcindia.com; Website: www.abcindia.com STANDALONE UNAUDITED FII REGD. OFF: P-10 NEW C.I.T	CIN-L63011WB1972PLC217415 ABC INDIA LIMITED					('In Lakhs)
			Quarter Ended		Half year ended		Year Ended
	PARTICULARS	(Unaudited) 30.09.2019	(Unaudited) 30.06.2019	(Unaudited) 30.09.2018	(Unaudited) 30.09.2019	(Unaudited) 30.09.2018	31.03.2019 (Audited)
$\equiv$	Revenue from operations Other Income Income	6,343.60	13.88 6,410.81	3,933.22 9.62	16.59 12,754.40	6,805.89 18.09	17,699.46 52.59
$\equiv$	Total Income (I + II)	6,346.30	6,424.69	3,942.83	12,770.99	6,823.97	17,752.05
$\geq$	(a) Purchase of stock-in-Trade Expenses	1,305.35	1,562.79	1,656.15	2,868.15	3,436.85	6,465.76
	(b) Changes in inventories of finished goods, by-products and work-in-progress	(7, 63)	6.18	(25.05)	(1.45)	(39.45)	(14.49)
	(c) Expenditure relating to transportation and services (d) Employee benefits expense	4,190.13 196.14	4,145.75 192.33	1,643.11 192.81	8,335.87 388.47	372.16 2,391.32	8,226.49 782.64
	(e) Finance Costs	83.35	64.10	51.89	147.45	129.58	369.15
	(f) Depreciation and amortisation expenses (g) Other Expenses	18.09 323.22	17.97 238.21	22.18 203.33	561.43 36.07	45.01 453.31	90.09 1,408.58
	Total Expenses (IV)	6,108.65	6,227.32	3,744.41	12,335.98	6,788.77	17,328.21
$\mathbf{r}$	Profit/(loss) before exceptional Items and tax (III - IV)	237.65	197.37	198.43	435.01	35.20	423.84
$\overline{5}$	Exceptional Items			1.94		(4.20)	76.62
Ξ.	Profit/ (loss) before tax (V + VI)	237.65	197.37	200.37	435.01	31.00	500.46
JΙΙ.	(b) Deferred Tax (a) Current Tax Tax Expenses	$\mathbf{I}$	ĭ.	6.38		6.38	(91.97) 17.77
$\times$	VIII) Net Profit for the period from continuing operations (VII -	237.65	197.37	193.98	435.01	24.62	574.65
$\times$	A . I. Items that will not be reclassified to Profit or Loss B. I. Items that will be reclasified to Profit or Loss Other Comprehensive Income (net of tax)	$\mathbf{I}$				$\,$	(14.98)
χi.	Total Comprehensive income (Net of tax) (IX + X)	237.65	197.37	193.98	435.01	24.62	559.67
$x_{\text{III}}$	Paid-up Equity Share Capital of Rs. 10/- each	541.72	541.72	541.72	541.72	541.72	541.72
	XIII. Earning per Share (of Rs. 10/- each) (not annualised): b) Diluted a) Basic	$439$ $44$	3.64 3.64	3.58 3.58	8.03 8.03	0.45 0.45	$\frac{10.61}{10.61}$

HAGASTER

) NEW (033) _Email : vrmd@ab: Notes: 1) |The above Unaudited Standalone Financial Results, Statement of Assets and liablities and Cash Flow Statement have been reviewed by the Audit Committee land thereafter the Board of Directors have approved the above results at their respective meetings held on 14th November, 2019. 2) |The Auditors have carried out Limited Review (LR) on the above financial results and the said report was placed and noted by the Board. 3) |The Company carries out its business in three segments viz., Freight & Services , Petrol Pump and Construction. 4) |The figures of previous periods / year has been regrouped / reclassified wherever necessary to make them comparable with those of the current period / year. For and on behalf of the Board of Directors of| ABC India Limited Ashish Agarwal Managing Director, DIN: 00351824! Place of Signature : Kolkata Date: 14th November, 2019

	STANDALONE UNAUDITED SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER AND HALF YEAR ENDED 30/09/2019 REGD. OFF : P-10 NEW C.I.T ROAD, KOLKATA - 700 073, Phone: (033) 22371745/24614156, FAX: (033) 24614193	Email: vrmd@abcindia.com; Website: www.abcindia.com CIN-L63011WB1972PLC217415 ABC INDIA LIMITED					('In Lakhs)
			Quarter Ended		Half Year Ended		Year Ended
	PARTICULARS	(Unaudited) 30.09.2019	(Unaudited) 30.06.2019	(Unaudited) 30.09.2018	(Unaudited) 30.09.2019	(Unaudited) 30.09.2018	31.03.2019 (Audited)
	Segment Revenue (Net Sale / Income from each segment)
	a) Freight & Services	5,001.68	4,796.12	2,278.97		3,372.34	11,216.77
	b) Petrol Pump	1,341.87	1,614.39	1,597.95	9,797.80 2,956.26	3,309.97	6,373.42
	c) Construction d) Unallocated	0.04	0.30	56.29	0.34	123.57	109.27
	Total Less: Inter Segment Revenue	6,343.59	6,410.81	3,933.22	12,754.40	6,805.89	17,699.46
	Revenue from operations	6,343.60	6,410.81	3,933.22	12,754.40	6,805.89	17,699.46
2	Segment Results - Profit /(Loss) before tax, finance costs :
	a) Freight & Services	422.23	346.72	355,150	768.95	395.250	1,260.62
	b) Petrol Pump	12.73	16.02	15.90	28.74	33.44	64.83
	c) Construction	(9.18)	(15.23)	(50.66)	(24.40)	(116.06)	(235.67)
	Total	425.79	347.51	320.39	773.29	312.63	1,089.78
	i) Finance costs Less	83.35	64.10	51.89	147.45	129.58	369.15
	ii) Other unallocable expenditure net off Unallocable income	104.79	86.04	68.13	190.83	152.05	220.17
	Profit /(Loss) before tax	237.65	197.37	200.37	435.01	31.00	500.46
3	Segment Assets
	a) Freight & Services	8,778.82	6,825.55	4,434.92	8,778.82	4,434.92	5,475.64
	b) Petrol Pump	269.04	261.41	196.96	269.04	196.96	249.39
	c) Construction	361.84	361.69	518.53	361.84	518.53	366.07
	(d) Unallocated	2.508.12	2,590.45	1.768.44	2,508.12	1.768.44	2,021.23
	Total	11,917.81	10,039.10	6,918.85	11,917.81	6,918.85	8,112.33
	Segment Liabilities
	a) Freight & Services	5,048.22	3,226.26	1,781.00	5,048.22	1,781.00	2,194.83
	b) Petrol Pump	228.04	228.04	170.14	228.04	170.14	232.05
	c) Construction	207.78	218.13	334.56	207.78	334.56	225.30
	(d) Unallocated	1.289.18	1,498.45	783.89	.289.18	783.89	723.72

Q, ₹

3,375.89

3,069.59

6,773.23

3,069.59

5,170.88

6,773.23

Total

	CIN- L.63011WB1972PLC =	7415 :	e
ae	1.T ROAD, KOLKATA - 700 073, Pho REGD. OFF _ Email : vrmd@abcindia.com ; Website : www.abcindia.co : Statement of Unaudited Assets and Liabilities as at 30th Septembe	3) 22371745/24 4156, FAX: (033) 241 : 1S
es	_ Particulars : i	Unaudited	(Audited)
A 1	JASSETS Non-current assets
	a) Property, plant and equipment b) Intangible Asets		1,223.00
	c) Financial assets (i) Investments (ii) Other Financial Assets		355.65 107.30
	d) Deferred tax assets e) Other non-current assets		46.95
	Sub total- Non-current assets Current assets		1,733.83
2	a) Inventories b) Financial assets		56.74
	(i) Investments (ii) Trade and other receivables		709.96 3,783.42
	(iii) Cash and cash equivalents (iv) Bank balances other than cash and cash equivalents (v) Loans		154.54 104.11
	(vi) Other financial assets ic) Current tax assets (net)		114.80 710.42 394.94
	d) Other current assets Sub total- Current assets		349.58 6,378.50
	TOTAL- ASSETS		8,112.33
	JEQUITY AND LIABILITIES
B_			541.23 2,401.54
1	Equity a) Equity share capital		2,942.77
	b) Other equity Sub total- Equity
2	Liabilities Non-current liabilities
	a) Financial liabilities (i) Borrowings		237.78
	(ii) Other financial liabilities b) Provisions ic) Deferred tax liabilities (net)		0.61 142.42 77.07
	d) Other non-current liabilities Sub total- Non-current liabilities		157.66 615.54
3	Current liabilities a) Financial liabilities
	(i) Borrowings (ii) Trade and other payables		961.64 1P17.23
	(iii) Other financial liabilities b) Other current liabilities		724.44 1,146.71
	ic) Provisions Sub total- Current liabilities		4.01 4,554.02

ABC INDIA LIMITED CIN- L63011WB1972PLC217415,
REGD. OFF : P-10 NEW C.I.T ROAD, KOLKATA - 700 073, Phone: Email : vrmd@abcindia.com ; Website : www.abcindia.com ABC INDIA LIMITED	(033) 22371745/24614156, FAX: (033) 24614193
CASH FLOW STATEMENT FOR THE HALF YEAR ENDED 30TH SEPTEMBER 2019
Particulars	For the half year ended 30th September 2019 30th September 2018	For the half year ended
CASH FLOWS FROM OPERATING ACTIVITIES	(Rs.	(Rs)
A. Profit before Tax Adjustments for	4,35,01,268	31,00,151
Depreciation and Amortisation Expense Interest Income Dividend Income	36,06,561 (12,67,916) (2,31,427)	45,00,913 (16,04,322)
Finance cost Leave Encashment Gratuity (Profit) /Loss on sale of assets	1,47,44,623 - -	1,29,58,228 6,02,912
(Profit)/ Loss on sale of customer contracts (Profit)/Loss from Partnership firm Liabilities no longer required written back	- - - 159,421	419,665 2,04,289
Bad Debts, Advances, etc. written off Operating profit before working capital changes Adjustments for Changes in Working Capital:	4,486 6,05,17,016	2,01,81,837
Trade receivables, loan and advances and other assets Inventories Trade payables, other liabilities and provisions	(32,15,05,896) (145,440) 33,20,82,862	(3,51,39,699) (25,59,764) 7,25,06,726
Cash generated from operations Direct Taxes paid (net of Refunds) Net Cash Flows (Used in) Operating Activities	7,09,48,541 (1,10,63,464) 5,98,85,078	5,49,89,100 (14,46,702)) 5,35,42,398
B, CASH FLOWS FROM INVESTING ACTIVITIES Purchases of property, plant and equipment, intangible assets	(784,715)	(854,907)
Sales of property, plant and equipment Realisation from sale of customer contracts Purchase of Non-current investment	- - (15,14,639)	16,81,486 (7.70,882)}
Capital (Deposit) / Withdrawn from Partnership firm Proceeds upon maturity of Fixed Deposits with Banks Capital Expenditure on fixed assets, including capital advances	(2.55,09,841) -	(2,42,44,380)
Investment in Fixed Deposits with Banks Interest received Dividend received	(64,30,311) 12,67,916 231,427	(68,68,792) 16,04,322
Net Cash Flows (Used In) / From Investing Activities Cc. CASH FLOWS FROM FINANCING ACTIVITIES	(3,27,40,162)	(2,94,53,153)
Repayment of short term borrowings (Net) Repayment of long term borrowings (Net) Finance Cost	(7,61,894) 9,87,901 (1,49,79,480)	(1,04,02,739) (2,20,17,031) (1,29,55,066)
Net Cash Flows From / (Used In) Financing Activities	(1,47,53,473)	(4,53,74,836)
Net Changes in Cash and Cash Equivalents (A)+(B)+(C) Opening Cash and Cash Equivalents as at 1 April Round off	1,23,91,443 2,58,49,016	(2,12,85,590) 3,12,17,548
Closing cash and Cash Equivalents	3,82,40,457	99,31,959
Note: Cash and Cash Equivalents	For the half year	For the half year
Particulars	ended 30th September 2019 30th September 2018 (Rs.)	ended (Rs.)
a) Cash and cash equivalents b) Bank balance other than cash and cash equivalents	4,21,42,510 9,27,350	1,30,76,412
ic) Book overdraft Total	(48,29,402) 3,82,40,458	18,81,289 (50,25,742) 99,31,959

B D Ss & CoO Head Office : 35A, Raja Basanta Roy Road . 2nd Floor, Kolkata -700 029 Chartered Accountants SX Ph. (Off.) : 033 2466 2517, 033 2419 7736 bharatsarawgee @ gmail.com

REPORT ON LIMITED REVIEW

Review Report to The Board of Directors of ABC INDIA LTD.

• 1. We have reviewed the accompanying statement of unaudited Ind AS financial results of ABC INDIA LTD. ("the Company") for the quarter ended September 30, 2019 and year to date from April 01, 2019 to September 30, 2019 (the "Statement") attached herewith, being submitted by the Company pursuant of the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD 1/44/2019 dated 29" March, 2019 as amended.
• 1. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors has been compiled from the related audited interim financial information which has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the Statement based on our review.
• 1. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with recognition and measurement principles laid down in the applicable Indian Accounting Standards ('Ind AS') specified under section 133 of the companies Act, 2013, read with relevant rules issued there under and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation, read with the Circular, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Place: Kolkata Date: 14" November, 2019

ForBDS & CO. (Formerly Bharat D. Sarawgee& Co.) : E & CoChartered Accountants

'' Bharat D. Sarawgee Partner Membership No. 061505 ICAI Firm Registration No. 326264E UDIN: \ADGIS DSAAAA TR 360]