ABC India Ltd. — Interim / Quarterly Report 2020

Nov 12, 2020

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

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Date: 12" November, 2020

VY /The Secretary,	The Secretary,
BSE Limited,	The Calcutta Stock Exchange Ltd.,
Phiroze Jeejeebhoy Towers,	7, Lyons Range,
Dalal Street :	Kolkata- 700 001 :
Mumbai — 400 001
Code — 520123	Code No.- 10011146

Dear Sir(s),

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Reg: Outcome of Board Meeting held on 12 November, 2020

With reference to our letter dated 4" November, 2020 the Board of Directors of the Company in its meeting held on date i.e. 12 November, 2020 has reviewed and approved the Un-audited Standalone Financial Results of the Company for the quarter & half year ended on 30" September, 2020 and have taken note of the Limited Review Report as issued by the Statutory 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, on the aforesaid results and copies of the same are enclosed and marked as Annexure-I.

Please note that the meeting commenced at 3.00 P.M. and concluded at 4:00 P.M.

This may please be informed to the members of your Stock Exchange(s).

Please acknowledge the receipt of the above.

Thanking You,

Yours faithfully,

For ABC India Limited '

s Rog ong Mg wrt

Sanjay Agarwal Company Secretary & Compliance Officer

Encl: As Above

	REGD. OFF : P-10 NEW C.I.T ROAD, KOLKATA - 700 073, Phone: (033) 22371745/24614156, FAX: (033) 24614193 STANDALONE UNAUDITED FINANCIAL	Email: vrmd@abcindia.com; Website: www.abcindia.com		RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2020			$(\bar{\tau}$ In Lakhs)
			Quarter Ended			Half year ended	Year Ended
	PARTICULARS	(Unaudited) 30.09.2020	(Unaudited) 30.06.2020	(Unaudited) 30.09.2019	30.09.2020	30.09.2019	31.03.2020 (Audited)
	Income				(Unaudited)	(Unaudited)
$\equiv$	Revenue from operations Other Income	3,592.66 28.01	2,807.64 11.97	6,343.60	6,400.30	12,754.40	22,072.78
$\equiv$	Total Income (I + II)			2.71	39.98	16.59	57.91
		3,620.67	2,819.61	6,346.30	6,440.28	12,770.99	22,130.70
Σ.	(a) Purchase of stock-in-Trade Expenses	849.64	525.93	1,305.35	1,375.57	2,868.15	5,217.99
	(b) Changes in inventories of finished goods, by-products and work-in-progress	(0.86)
	(c) Expenditure relating to transportation and services	2,250.20	(6.91) 1,891.88	(7.63) 4,190.13	(7.77) 4,142.07	(1.45) 8,335.87	12.29
	(d) Employee benefits expense	191.31	183.69	196.14	375.00	388.47	13,846.67 805.72
	(e) Finance Costs	53.99	41.75	83.35	95.73	147.45	348.67
	(f) Depreciation and amortisation expenses (q) Other Expenses	35.04	39.04	18.09	74.08	36.07	129.70
		162.73	100.08	323.22	262.81	561.43	1,363.17
	Total Expenses (IV)	3,542.03	775.47 N	6,108.65	6,317.50	12,335.98	21,724.21
$\mathbf{r}$	Profit/(loss) before exceptional Items and tax (III - IV)	78.64	44.15	237.65	122.78	435.01	406.49
$\overline{5}$	Exceptional Items						2.92
VΙ.	Profit/ (loss) before tax (V + VI)	78.64	44.15	237.65	122.78	435.01
JΙ.	Tax Expenses						409.41
	(b) Deferred Tax (a) Current Tax
×							(17.18)
$\times$	Net Profit for the period from continuing operations (VII - VIII) Other Comprehensive Income (net of tax)	78.64	44.15	237.65	122.78	435.01	426.59
	A . I. Items that will not be reclassified to Profit or Loss
	A. II. Income tax relating to items will not be reclassified to Profit or Loss		T.				0.38
	B. I. Items that will be reclasified to Profit or Loss			$\mathbf{I}$
	B. II. Income tax relating to items that will be reclassified to profit or loss
×.	Total Comprehensive income (Net of tax) (IX + X)	78.64	44.15	237.65	122.78	435.01	426.97
XΙΙ. XIII.	Earning per Share (of Rs. 10/- each) (not annualised): Paid-up Equity Share Capital of Rs. 10/- each	541.72	541.72	541.72	541.72	541.72	541.72
	a) Basic
	b) Diluted	$1.45$ $1.45$	0.82 0.82	4.39 4.39	2.27	8.03 8.03	7.87
					Vitankumat		g
	1 Kolkata					8

$\overline{D}$

COLKATA

Non-current assets ) Property, plant and equipment	1,011.29
b) Intangible Assets c) Right to use Assets	3.95
d) Financial assets (i) Investments	358.15
(ii) Other Financia! Assets	412.26 178.64
e) Deferred tax assets f) Other non-current assets
Sub total- Non-current
Current assets
a) Inventories b) Financial assets	44.46
(i) Investments (ii) Trade and other receivables	1,067.88 3,632.36
(iii) Cash and cash equivalents (iv) Bank balances other than cash and cash equivalents	223.94
(v) Loans s (vi) Other financial assets	5.83 117.99
c) Current tax assets (net)	1,262.39 353.39
d) Other current assets Sub total- Current
TOTAL
EQUITY AND LIABILITIES
Equity
Equity share capital a)
Other equity b) Sub total- Equ
Liabilities
Non-current liabilities a) Financial liabilities
(i) Borrowings (ii) Lease Liability
(iii) Other financial liabilities
b) Provisions ¢) Deferred tax liabilities (net)
d) Other non-current liabilities Sub total- Non-current liabil
Current liabilities
a) Financial liabilities (i) Borrowings
(ii) Lease Liability	477.51 101.89
(ili) Trade and other payables (iv) Other financial liabilities	3,272.55 410.76
b) Other current liabilities c) Provisions	733.51
Sub total- Current

	ABC INDIA LIMITED
	CASH FLOW STATEMENT FOR THE YEAR ENDED 30TH SEPTEMBER 2020 Particulars	For the period ended 30th September, 2020 (7)	For the period ended 30 September, 2019 (5)	For the year ended 31st March, 2020 (3)
А.	CASH FLOWS FROM OPERATING ACTIVITIES	(Unaudited)	(Unaudited)	(Audited)
	Profit before Tax	1,22,78,462
	Adjustments for		4,35,01,268	4,09,41,023
	Depreciation and Amortisation Expense Interest Income	74,08,008	36,06,561	1,29,69,817
	Dividend Income	(15, 23, 342)	(12, 67, 916)	(50, 85, 115)
	Finance cost	95,73,175	(2, 31, 427)	(1, 10, 000)
	Leave Encashment Gratuity		1,47,44,623	3,48,67,277
	(Profit) /Loss on sale of assets			5,53,416 17,74,211
	(Profit)/Loss from Partnership firm			(2, 91, 558)
	Liabilities no longer required written back	(96, 902)	1,59,421	(29, 944)
	Income from Derivative transactions Bad Debts, Advances, etc. written off	(23, 77, 785)		(3, 43, 760)
	Operating profit before working capital changes	1,92,034		2,63,06,473
	Adjustments for Changes in Working Capital:	2,54,53,650	6,05,12,530	11, 15, 51, 841
	Trade receivables, loan and advances and other assets Inventories	(11, 59, 87, 232)	(32, 15, 01, 410)	(8,99,83,370)
	Trade payables, other liabilities and provisions	(7, 76, 795)	(1, 45, 440)	12,28,520
	Cash generated from operations	7,29,86,449	33,20,82,862	10,98,54,696
	Direct Taxes paid (net of Refunds)	(1, 83, 23, 928) (24.37,091)	7,09,48,542	13,26,51,687
	Net Cash Flows (Used in) Operating Activities	(2,07,61,019)	(1, 10, 63, 464) 5,98,85,078	41,54,464
	CASH FLOWS FROM INVESTING ACTIVITIES			13,68,06,151
	Purchases of property, plant and equipment, intangible assets
	Termination of lease contarct	(75,900)	(7, 84, 715)	(82, 28, 004)
	Sales of property, plant and equipment Realisation from sale of customer contracts
	Purchase of Non-current investment			34,04,385
	Capital (Deposit) / Withdrawn from Partnership firm	(16.12.246)	(15, 14, 639)	(34, 88, 499)
	Proceeds upon maturity of Fixed Deposits with Banks	(2.39, 70, 000)	(2, 55, 09, 841)	(3, 57, 61, 841)
	Margin Deposit for derivative trading Investment in Fixed Deposits with Banks	(17,00,000)		(71, 33, 725)
	Interest received		(64, 30, 311)
	Dividend received	15,23,340	12,67,916 2,31,427	29,12,609
	Net Cash Flows (Used In) / From Investing Activities	(2, 58, 34, 806)	(3, 27, 40, 162)	1,10,000 (4, 81, 85, 075)
	Particulars	For the period ended 30th	For the period ended	For the year ended
		September, 2020 (2)	30 September, 2019	31st March, 2020
		(Unaudited)	(3)	(5)
	CASH FLOWS FROM FINANCING ACTIVITIES		(Unaudited)	(Audited)
	Repayment of short term borrowings (Net)
		6,43,89,181		(4, 84, 13, 194)
	Payment of Leases	(47, 94, 650)	(7,61,894)
	Repayment of long term borrowings (Net) Finance Cost	(73, 75, 634)		(66, 29, 296)
		(88, 45, 528)	9,87,901 (1, 49, 79, 480)	(32, 11, 929) (3, 32, 43, 726)
	Net Cash Flows From / (Used In) Financing Activities	4,33,73,369	(1, 47, 53, 473)
	Net Changes in Cash and Cash Equivalents (A)+(B)+(C)			(9, 14, 98, 146)
	Cash and Cash Equivalents as at 1 April, 2020 Round off	(32, 22, 456) 2,29,71,945	1,23,91,443
			2,58,49,016
	Cash and Cash Equivalents as at 30 September, 2020 Note: Cash and cash equivalents	1,97,49,489	3,82,40,458
		For the period ended 30th	For the period ended	For the year ended
	Particulars	September, 2020	30 September, 2019	31st March, 2020
		(7) (Unaudited)	(5)	(3)
	a) Cash and cash equivalents (Refer note no. 11)		(Unaudited)	(28, 77, 070) 2,58,49,016 2,29,71,945 (Audited)
	b) Bank balance other than cash and cash equivalents (Refer note no. 12)	1,94,26,385 5.82,577	4,21,42,510	2,23,93,952
	c) Book overdraft (Refer note no 20 (ii)) Total	(2, 59, 473) 19749489	9,27,350 (48, 29, 402)	5,82,577 (4, 584)

Vifay Kumz

Quarter Ended 543.23 2,819.61 2,276.37 2,819.61 (Unaudited) 30.06.2020 2,712.19 868.50 3,580.69 3,580.69 (Unaudited) 30.09.2020 Total Segment Results - Profit ((Loss) before tax, finance costs : Segment Revenue (Net Sale / Income from each segment) PARTICULARS Less: Inter Segment Revenue Revenue from operations a) Freight & Services b) Petrol Pump c) Unallocated $\sim$	5,001.68 6,343.59 0.04 1,341.87 (Unaudited) 30.09.2019	Half Year Ended 4,988.56 1,411.74 6,400.30 (Unaudited) 30.09.2020	9,797.80 2,956.26 0.34 (Unaudited) 30.09.2019	22,072.78 22,072.78 5,383.84 10.23 16,678.71 Year Ended 31.03.2020 (Audited)
			12,754.40
	6,343.60	6,400.30	12,754.40
5.62 188.81 8.18 226.97 a) Freight & Services b) Petrol Pump	422.230 12.73	415.78 13.80	768.95 28.74	1,118.71 53.41
194.43 235.15 Total	434.96	429.57	797.70	1,172.12
41.75 53.99 i) Finance costs Less	83.35	95.73	147.45	348.67
108.53 102.53 ii) Other unallocable expenditure net off Unallocable income	113.97	211.06	215.23	414.03
44.15 78.61 Profit /(Loss) before tax	237.65	122.78	435.01	409.41
6,253.18 7,147.12 a) Freight & Services Segment Assets $\infty$	8,778.82	7,147.12	8,778.82	6,323.90
288.10 305.01 b) Petrol Pump	269.04	305.01	269.04	263.12
3,330.83 3,216.18 (c) Unallocated	2,869.96	3,216.18	2,869.96	2,714.70
9,872.12 10,668.31 Total	11,917.81	10,668.31	11,917.81	9,301.72
Segment Liabilities
2,461.16 268.86 277.58 2,495.17 a) Freight & Services b) Petrol Pump	228.04 5,048.22	277.58 2,495.17	228.04 5,048.22	3,435.89 249.45
2.611.92 3,720.33 (c) Unallocated	1,496.96	3,720.33	1,496.96	1,134.04
5,341.94 6,493.09 Total	6,773.22	6,493.09	6,773.23	4,819.38

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'The above unaudited financial results have been reviewed by the Audit Committee and thereafter the Board of Directors have approved the above results| at their respective meetings held on 12th November,2020, 2) 'The Auditors have carried out Limited Review(LR) on the aforesaid financial results for the quarter and half year ended 12th November,2020 and the report was placed before the Board and the same was noted. 3) 'The above results have been prepared in accordance with Ind AS-34 "Interim Financial Reporting " prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rule,2015,amended time to time. 4) The Company carries out its business in two segments viz., Freight & Services and Petrol Pump. 5) Exceptional and/or Extraordinary items adjusted in the Statement of Profit and Loss in accordance with Ind-AS Rules. 5) The figures of previous periods / year has been regrouped / reclassified wherever necessary to make them comparable with those of the current period year. : Place of Signature : Kolka Date: 12th November,2020 ) : Vijay Kumar Directo Jain

DIN:

00491

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LIMITED _REVIEW_REPORT ON THE QUARTERLY UNAUDITED STANDALONE FINANCIAL RESULTS OF THE COMPANY PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS _AND DISCLOSURE REQUIREMENTS) REGULATIONS, ²⁰¹⁵

Review Report to The Board of Directors, ABC INDIA LIMITED

We have reviewed the accompanying statement of unaudited financial results of ABC India Limited for the quarter and half year ended 30" September, 2020 attached herewith, being submitted by the Company pursuant to the requirements of Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the SEBI Regulations'), as amended.

• 1. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors in their meeting held on 12" November, 2020, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (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 an analytical procedure 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.
• 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 applicable Accounting Standards as notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in Section 133 of the Companies Act, 2013, read with the 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 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 05, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement. uo

ForBDS & CO. Chartered Accountants Place: Kolkata Date: 12 November, 2020 rreweet Rak , Bharat D. Saraw SS Ke : Partner Membership No. 061505

ICAI Firm Registration No. 326264E UDIN: 2006150SAAAARE5425