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Ace Integrated Solutions Limited Audit Report / Information 2024
63663_rns_2024-05-29_b1398b56-9d5a-4499-aa1a-bbd8ce1fd972.pdf
Audit Report / Information
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ACE INTEGRATED SOLUTIONS LIMITED
Regd. Office: B-13, DSIDC Complex, Functional Industrial Estate Industrial Area Patparganj, New Delhi- 110092 E-mail: [email protected], [email protected] Phone No.: 011-49537949, Website: www.aceintegrated.com CIN: L82990DL1997PLC088373
Ref.-ACE/STX/2024-25/10
To
Date: May 29, 2024
The Manager (Listing Department) National Stock Exchange of India Limited (NSE) Exchange Plaza, Bandra Kurla Complex Bandra (East), Mumbai-400051
Company Symbol: ACEINTEG Subject: Outcome of Board Meeting held on Wednesday, May 29, 2024
Dear Sir/Madam,
This is to inform you that the Meeting of the Board of Directors of the Company held today on Wednesday, the 29" day of May, 2024 starts at 04:20 p.m. at the registered office of the Company located at B-13, DSIDC Complex, Functional Industrial Estate, Industrial Area Patparganj, New Delhi -110092.
The Outcomes of the Board Meeting are as under:
-
- Approval of Audited Financial Statements including Consolidated Financial Statements of the Company for the year ended on March 31, 2024.
-
- Approval of Auditor's Report on Audited Financial Statements including Consolidated Financial Statements of the Company for the year ended on March 31, 2024,
-
- Approval of Audited Financial Results (Standalone & Consolidated) of the Company for the fourth quarter and year ended on March 31, 2024.
-
- Approval of Auditor's Report on Audited Financial Results (Standalone & Consolidated) of the Company for the fourth quarter and year ended on March 31, 2024.
In addition to the above, other matters were also discussed in the Board Meeting.
The Meeting was concluded at 06:30 p.m.
You are kindly requested to take the above information on your record.
For ACK INTEGRATED SOLUTIONS LIMITED Rahul = aeeF Chauhan RAHUL CHAUHAN
(Company Secretary & Compliance Officer)
SANMARKS & ASSOCIATES raitttvel HBL LBOw
Independent Auditor's Report on the Quarterly and Year to Date Audited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended.
To The Board of Directors Ace Integrated Solutions Limited
Report on the Audit of the Standalone Financial Statements
Opinion
We have audited the accompanying statement of quarterly and year to date standalone financial results of Ace Integrated Solutions Limited ('the Company') for the quarter ended 31st March, 2024 and the year to date results for year ended 31" March, 2024, the Statement of Assets and Liabilities and the statement of cash flows as at and for the year ended on that ("the statement"), being submitted by the company pursuant to the requirement of Regulations 33 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, as amended.
In our Opinion and to the best of our information and according to the explanations given to us these quarter ended financial results as well as the year-to-date results :-
- i) are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and
- ii) give a true and fair view of net profit, the other comprehensive income and other financial information for the quarter ended 31° March, 2024 as well as the year to date results for the period from 1° April, 2023 to 31° March, 2024 and the statements of assets and liabilities and statement of cash flow as at and for the year ended on that date.
Basis for Opinion
We conducted our audit of the financial statements in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. as amended ("the Act"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the financial statements.
Management's Responsibilities for the Financial Results
The statement has been prepared on the basis of the annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentation of the Statement that gives a true and fair view of the net profit and other comprehensive income of the Company and other financial information in accordance with the applicable accounting standards prescribed under section 133 of the Act read with relevant rules issued thereunder and other accounting principle generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Board of Directors is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Financial Results
Our objectives are to obtain reasonable assurance about whether the statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- M@ Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than the one resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- @ Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls system in place and the operating effectiveness of such controls.
- @ Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
- ™ Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report.
However, future events or conditions may cause the Company to cease to continue as a going concern.
™@ Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matters
The statement includes the results for the quarter ended March 31, 2024 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date upto the 3" quarter of current financial year which were subject to limited review by us, as required under the Listing Regulations.
For SANMARKS & ASSOCIATES Chartered Accountants Zgaeie~ Firm's Regn. No. 003343N
AARRESH Ne KUMAR AGGARWAL Partner
Place : Faridabad Membership No.: 087351 Date: 29.05.2024 UDIN : 24087351BKALMD8667
C/.) SANMARKS & ASSOCIATES Faridabad - (HR) 121008 Chartered Accountants Ph.: 0129-3544133 Mob.: 9810750457
INDEPENDENT AUDITOR'S REPORT ON THE QUARTERLY AND YEAR TO DATE CONSOLIDATED FINANCIAL RESULTS OF THE COMPANY PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015, AS AMENDED
To, The Board of Directors of Ace Integrated Solutions Limited
Report on the Audit of the Consolidated Financial Results
Opinion
We have audited the accompanying Statement of quarterly and year to date Consolidated Financial Results of ACE INTEGRATED SOLUTIONS LIMITED (the "Company") and its subsidiary (the Company and its subsidiary together referred to as the "Group"), for the quarter and year ended March 31, 2024 (the "Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, as amended (the "Listing Regulations").
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
- i) includes the results of the Holding Company and its wholly owned subsidiary namely, Ace Prometric Solutions Private Limited (w.e.f. July 25, 2023)
- ii) is presented in accordance with the requirements of Regulation 33 of the Listing Regulations; and
- lil) gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards("Ind AS") and other accounting principles generally accepted in India of the consolidated net profit and consolidated total comprehensive income and other financial information of the Group for the quarter and year ended March 31, 2024.
Basis of Opinion
We conducted our audit in accordance with the Standards on Auditing ("SA"s) specified under Section 143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (the"ICAI") together with the ethical requirements that are relevant to our audit of the Interim Consolidated Financial Results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of
Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.
Management's Responsibilities for the Consolidated Financial Results
This Statement which includes Consolidated financial results is the responsibility of the Company's Board of Directors and has been approved by them for the issuance. The Statement has been compiled from the audited interim condensed consolidated financial statements for the three months and year ended March 31, 2024. This responsibility includes preparation and presentation of the Consolidated Financial Results that givea true and fair view of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group inaccordance with the recognition and measurement principles laid down in Ind AS, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations.
This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error,which have been used for the purpose of preparation of this Consolidated Financial Results by the Directors of the Company, as aforesaid.
In preparing the Consolidated Financial Results, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and usingthe going concern basis of accounting unless the respective Boards of Directors either intend to liquidate their respective entities or to cease operations, or have no realistic alternative but to do so.
The respective Boards of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.
Auditor's Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results as a whole, are free from material misstatement,whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Consolidated Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- eIdentify and assess the risks of material misstatement of the Consolidated Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control
- eObtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls.
- e Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors
- ¢ Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the Listing Regulations.
- eConclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group tocontinue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
- eEvaluate the overall presentation, structure and content of the Consolidated Financial Results, including the disclosures, and whether the Consolidated Financial Results represent the under lying transactions and events in a manner that achieves fair presentation.
- ¢ Obtain sufficient appropriate audit evidence regarding the financial information of the entities within the Group to express an opinion on the Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Consolidated Financial Results of which we are the independent auditors.
Materiality is the magnitude of misstatements in the Consolidated Financial Results that, individually or in aggregate, makes it probable that theeconomic decisions of a reasonably knowledgeable user of the Consolidated Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate theeffect of any identified misstatements in the Consolidated Financial Results.
We communicate with those charged with governance of the Company and such other entities included in the Consolidated Financial Results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence,and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matters
The accompanying Statement include the audited financial statements and other audited financial information, in respect of one subsidiary, whose financial statement and other financial information reflect total assets of Rs. 0.92 Lakhs as at March 31, 2024, total revenue of Nil and Nil, and total net loss after tax of Rs. 0.12 Lakhs and Rs. 0.15, total comprehensive loss of Rs. 0.12 Lakhs and Rs. 0.15 Lakhs, for the quarter and the year ended on that date respectively, and net cash inflow of Rs. 0.92 Lakhs for the year ended March 31, 2024, whose financial statements and other financial information have been audited by any other auditor.
These audited financial statements and financial information have been approved and furnished to us by the management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on such audited financial statements. In our opinion and according to the information and explanations given to us by the Management, these financial statements and financial information are not material for the Group.
Our Opinion on the Statement is not modified in respect of the above matter with respect to the financial results/financial information audited by any other auditor.
b) The Statement includes the results for the quarter ended March 31, 2024 being the balancing figures between the audited figures in respect of the full financial year ended March 31, 2024 and the published unaudited year-to-date figures up to the end of the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.
For SANMARKS & ASSOCIATES Chartered Accountants Firm's Regn. No. 003343N
Nace
NARESH KUMAR AGGARWAL Partner Place:Faridabad Membership No.: 087351 Date : 29.05.2024 UDIN : 24087351BKALME9539
ACE INTEGRATED SOLUTIONS LIMITED
Registered Office: B-13 DSIDC COMPLEX FUNCTIONAL INDUSTRIAL ESTATE INDL. AREA PATPARGANJ NEW DELHI 110092 CIN No.: L82990DL1997PLC088373
STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31 2024
{Amount in INR Lokhs except per share data)
Standalone Quarter Ended Year Ended S| No. ROreNee 31 March 31 December | 31March | 31™March | 31March 2024 2023 2023 2024 2023 (Audited) (Unaudited) (Audited) | (Audited) | (Audited) 1 {Income a) Revenue from Operations 332 237 221 914 691 b) Other Income 35 3 6 44 20 Total Income (a+b) 367 240 227 958 711 2 |Expenses a) Purchase of Stock-in-trade 168 171 63 533 172 b) Changes in inventories of Stock-in-trade 17 -23 -43 -29 -43 c) Employee benefit expense 29 32 23 124 93 d) Finance Costs 0 - 1 2 2 e) Depreciation and Amortisation expense 4 4 4 a5 16 f) Other expenses 65 71 140 276 404 Total expenses (a+b+c+d+e) 283 255 188 921 644 3 |Profit/(Loss) before Tax (1-2) B4 (15) 39 37 67 4 |Tax expense/ (credit) Current Tax 7 - 12 7 18 Tax pertaining to earlier period(s) 1 - - 1 - Deferred Tax 2 1 3 -12 2 Total Tax expense/ (credit) 10 1 15 (4) 20 5 |Profit/(Loss) for the period (3-4) 74 (16) 24 41 47
| (i) tems that will not be reclassified subsequently to profit or loss |
||||||
|---|---|---|---|---|---|---|
| -Change in fair value of equity instruments | 23 | - | 2 | 23 | 2 | |
| -Re-measurement gains / (losses) on defined employee benefit plans (ii) Income tax relating to Items that will not be |
-1 | - | - | i | - | |
| reclassified subsequently to profit or loss | -6 | - | -1 | -6 | -1 | |
| Other Comprehensive Income for the period, net of tax (i+ii) |
16 | 1 | 18 | ' | ||
| 7 | Total Comprehensive Income/(Loss) for the period (5+6) |
30 | (16) | 25 | 59 | 48 |
| 8 | Paid-up equity share capital (Face value of INR 10.00 per share) |
1,020 | 1,020 | 1,020 | 1,020 | 1,020 |
| 9 | Earnings per Equity share | |||||
| (a) Basic (in INR) | 0.88 | -0.16 | 0.25 | 0.58 | 0.47 | |
| (b) Diluted (in INR) | 0.88 | -0.16 | 0.25 | 0.58 | 0.47 |
6 |Other Comprehensive Income
tat I i oe LITIONS F | IMITED aT thea atetet.ocome wat i = NW | AT eT} i ol lew | el Lt be Ss | PUNE Te Lo gts
Segment Reporting
Operating segments are defined as components of the Group for which discrete financial information is available that is evaluated regularly by the chief operating decision maker, in deciding how to allocate resources and assessing performance. The Group's Chief Operating Decision Maker ('CODM') is the Chief Executive Officer. The Group has identified business segments as reportable segments. The business segments identified are Examination and related IT services, Printing and paper sales and Sale of Speciality chemicals. CODM does not review assets and liabilities at reportable segments level, hence segment disclosures relating to total assets and liabilities have not been provided.
| Segment Reporting | ||||||
|---|---|---|---|---|---|---|
| Operating segments are defined as components of the Group for which discrete financial information is available that is evaluated regularly by the chief operating decision maker, in deciding how to allocate resources and assessing performance. The Group's Chief |
||||||
| Operating Decision Maker ('CODM') is the Chief Executive Officer. The Group has identified business segments as reportable segments. | ||||||
| The business segments identified are Examination and related IT services, Printing and paper sales and Sale of Speciality chemicals. CODM does not review assets and liabilities at reportable segments level, hence segment disclosures relating to total assets and liabilities have |
||||||
| not been provided. | ||||||
| Quarter Ended | Year Ended | |||||
| Particulars | 31 March 2024 |
31 December 2023 | 2023 | 31March 31™March 31March 2024 |
2023 | |
| Segment Revenue Examination and related IT services |
94 | 40 | 187 | 279 | 489 | |
| Printing and paper sales | 106 | 86 | 34 | 320 | 202 | |
| Speciality Chemicals Total Segment Revenue |
132 332 |
112 237 |
: 221 |
315 914 |
- 691 |
|
| Segment Result | ||||||
| Examination and related IT services Printing and paper sales |
64 3 |
6 4 |
79 11 |
129 7 |
207 31 |
|
| 36 | 28 | - | 82 | : | ||
| Speciality Chemicals | ||||||
| Total Segment Result Finance Costs |
103 -0 |
38 - |
90 -1 |
218 -2 |
238 -3 |
|
| Other Income | 35 | 3 | 6 | 44 | 20 | |
| Other unallocable expenditure | -54 B4 |
-56 (15) |
-56 39 |
-223 37 |
-183 67 |
|
| Notes | Profit before Taxation | |||||
| 1. | The above financial results of the company for the quarter and year ended March 31, 2024 have been reviewed by the audit committee and than taken on record by Board of Directors at their meeting held on May 29, 2024. The Statuory Auditors have reviewed these financials results pursuant to regulations 33 of SEBI (listing Obligation and Disclosure requirements.) Regulation, |
|||||
| 2 | 2015 as amended. The above results are prepared in accordance with the recognition and measurement principles laid down and specified in Section 133 of the Companies Act, 2013 read with relevant rules framed thereunder and as per requirement of Regulation 33 of SEBI (LODR) |
|||||
| 3 | 2015 and according to applicable circulars issued by SEBI from time to time. The figues of the previous periods have been regrouped / rearranged / and / or recast wherever found necessary to make them |
|||||
| 4 | comparable. The above Financial results are available on the Companies Website www.aceintegrated.com |
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| S | Tax expenses include current tax, deferred tax and adjustment of taxes for previous years. | |||||
| 6 | Earning per share have been calculated on the weightet average of the share cone outstanding during the eae | Ce IN] EGRATEL r | a) | 4 | ts | |
| For and On | AIR | |||||
| Date : 29.05.2024 Place : Delhi |
(CHANDRA SHEKHAR VERMA)" | Managing Director |
| 3 | The figues of the previous periods have been regrouped / rearranged / and / or recast wherever found necessary to make them comparable. |
|---|---|
| 4 | The above Financial results are available on the Companies Website www.aceintegrated.com |
| S | Tax expenses include current tax, deferred tax and adjustment of taxes for previous years. |
| 6 | AIR Earning per share have been calculated on the weightet average of the share cone outstanding during the eae Ce IN] EGRATEL r ts a) 4 |
| For and On | |
| (CHANDRA SHEKHAR VERMA)" Date : 29.05.2024 |
|
| Managing Director Place : Delhi |
|
| DIN 01089951 |
| Registered Office: B-13 DSIDC COMPLEX FUNCTIONAL INDUSTRIAL ESTATE INDL. AREA PATPARGANJ NEW DELHI 110092 | ACE INTEGRATED SOLUTIONS LIMITED | |||||
|---|---|---|---|---|---|---|
| STATEMENT OF CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31 2024 | CIN No.: L82990DL1997PLC088373 | (Amount in INR Lakhs except per share data) | ||||
| Quarter Ended | CONSOLIDATED | |||||
| Year Ended | ||||||
| ™ No. |
Particulars | 31 March 2024 (Audited) |
31 December 2023 (Unaudited) |
31 March 2023 (Audited) |
31 March 2024 (Audited) |
31 March 2023 (Audited) |
| 1 | Income a) Revenue from Operations b) Other Income |
332 35 |
237 3 |
221 6 |
914 44 |
691 20 |
| 2 | Total Income (a+b) Expenses a) Purchase of Stock-in-trade |
367 168 |
240 171 |
227 63 |
958 533 |
711 172 |
| b) Changes in inventories of Stock-in-trade c) Employee benefit expense d) Finance Costs |
17 29 \ |
-23 32 - |
-43 23 1 |
-29 124 2 |
-43 93 2 |
|
| e) Depreciation and Amortisation expense f) Other expenses Total expenses (atb+c+d+e) |
4 65 283 |
4 71 255 |
4 140 188 |
15 276 921 |
16 404 644 |
|
| 3 4 |
Profit/(Loss) before Tax (1-2) Tax expense/(credit) |
84 | (15) - |
39 12 |
37 7 |
67 18 |
| Current Tax Tax pertaining to earlier period(s) Deferred Tax Total Tax expense/ (credit) |
7 1 2 10 |
- 1 1 |
- 3 15 |
Zr -12 (4) |
- 2 20 |
|
| 5 | Profit/(Loss) for the period (3-4) | 74 | (16) | 24 | 41 | 47 |
| 6 | Other Comprehensive Income (i) items that will not be reclassified subsequently |
|||||
| to profit or loss -Change in fair value of equity instruments -Re-measurement gains / (losses) on defined |
23 | - | 2 | 23 | 2 | |
| employee benefit plans (ii) Income tax relating to Items that will not be |
-1 | - | » | 1 | ||
| reclassified subsequently to profit or loss Other Comprehensive Income for the period, net of tax (i+ii) |
-6 16 |
- f |
-1 : |
-§ 2 |
at 1 |
|
| 7 | Total Comprehensive Income/(Loss) for the period (5+6) aes) |
90 | (16) | 25 | 59 | 48 |
| 8 9 |
Paid-up equity share capital (Face value of INR 10.00 per share) Earnings per Equity share |
1,020 | 1,020 | 1,020 | 1,020 | 1,020 0.47 |
Segment Reporting
Operating segments are defined as components of the Group for which discrete financial information is available that is evaluated regularly by the chief operating decision maker, in deciding how to allocate resources and assessing performance. The Group's Chief Operating Decision Maker ('CODM') is the Chief Executive Officer. The Group has identified business segments as reportable segments. The business segments identified are Examination and related IT services, Printing and paper sales and Sale of Speciality chemicals. CODM does not review assets and liabilities at reportable segments level, hence segment disclosures relating to total assets and liabilities have not been provided.
| Segment Reporting Operating segments are defined as components of the Group for which discrete financial information is available that is evaluated regularly by the chief operating decision maker, in deciding how to allocate resources and assessing performance. The Group's Chief Operating Decision Maker ('CODM') is the Chief Executive Officer. The Group has identified business segments as reportable segments. The business segments identified are Examination and related IT services, Printing and paper sales and Sale of Speciality chemicals. CODM does not review assets and liabilities at reportable segments level, hence segment |
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|---|---|---|---|---|---|---|
| disclosures relating to total assets and liabilities have not | been provided. | Year Ended | ||||
| Parlours | 31 March | Quarter Ended | 31 March | 31 March | 31 March | |
| Segment Revenue | 2024 | 31 December 2023 | 2023 | 2024 | 2023 | |
| Examination and related IT services Printing and paper sales |
94 106 |
40 86 |
187 34 |
279 320 |
489 202 |
|
| Speciality Chemicals Total Segment Revenue |
132 332 |
112 237 |
- 221 |
315 914 |
- 691 |
|
| Segment Result Examination and related IT services |
64 | 6 | 79 | 129 | 207 | |
| Printing and paper sales Speciality Chemicals |
3 36 |
4 28 |
11 - |
7 82 |
31 - |
|
| Total Segment Result | 103 -0 |
33 - |
90 -1 |
218 -2 |
238 -3 |
|
| Finance Costs Other Income |
35 | 3 | 6 | 44 -223 |
20 -188 |
|
| Other unallocable expenditure Profit before Taxation |
-54 84 |
-56 (15) |
-56 39 |
37 | 67 | |
| Notes 1. 2 |
The above financial results of the company for the quarter and year ended March 31, 2024 have been reviewed by the audit committee and than taken on record by Board of Directors at their meeting held on May 29, 2024. The Statuory Auditors have reviewed these financials results pursuant to regulations 33 of SEBI (listing Obligation and Disclosure requirements.) Regulation, 2015 as amended. The above results are prepared in accordance with the recognition and measurement principles laid down and specified in Section 133 of the Companies Act, 2013 read with relevant rules framed thereunder and as per requirement of Regulation 33 of SEBI (LODR) 2015 and according to applicable circulars issued by SEBI from time to time. |
|||||
| 3 | The figues of the previous periods have been regrouped / rearranged / and / or recast wherever found necessary to make them comparable. | |||||
| 5 | The above Financial results are available on the Companies Website www.aceintegrated.com Tax expenses include current tax, deferred tax and adjustment of taxes for previous years. |
|||||
| 6 | Earning per share have been calculated on the weightet average of the share capital outstanding during the period. | |||||
| For and On behalf of Se | For ACE INTEGRATED SOLUTIONS LIMITED Pa |
7 | ||||
| Date : 29.05.2024 Place : Delhi |
(CHANDRA SHEKHAR VERMA) Managing Director |
4 | ||||
| DIN 01089951 |
| ACE INTEGRATED SOLUTIONS LIMITED | ||||
|---|---|---|---|---|
| Registered Office: B-13 DSIDC COMPLEX FUNCTIONAL INDUSTRIAL ESTATE INDL. AREA PATPARGANJ NEW DELHI 110092 | CIN No.: L82990DL1997PLC088373 | |||
| STATEMENT OF AUDITED STANDALONE AND CONSOLIDATED | ASSETS AND LIABILITIES AS AT MARCH 31, 2024 | |||
| Standalone | Consolidated | Amount in INR Lakhs | ||
| Particulars | 2024 | As at March 31, As at March 31, As at March 31, As at March 31, 2023 _ |
£024 | 2023 |
| ASSETS Non-Current Assets |
||||
| Property, plant and equipments Intangible assets |
179 io |
200 - |
179 15 |
|
| Financial assets i) Investments |
89 | 65 | 88 | |
| ii) Other Financial Assets | 8 52 |
4 65 |
8 52 |
|
| Non-Current Tax Assets (net) Other Non-Current assets |
340 | 258 | 340 682 |
|
| Total Non-Current Assets | 683 | 592 | ||
| Current Assets Inventories |
72 | 43 | 72 | |
| Financial assets i) Trade receivables |
460 | 573 | 460 | |
| ii) Cash and cash equivalents iii) Bank balances other than cash and cash equivalents |
126 196 |
179 100 |
127 196 |
|
| iv) Other Financial assets Other current assets |
323 184 |
404 164 |
323 184 |
|
| Total Current Assets | 1,361 | 1,463 | 1,362 | 1,463 |
| Total Assets | 2,044 | 2,055 | 2,044 | |
| EQUITY AND LIABILITIES | ||||
| EQUITY Share capital |
1,020 | 1,020 | 1,020 | |
| Other equity Total equity |
883 1,903 |
825 1,845 |
883 1,903 |
|
| LIABILITIE Non Current Liabilities |
||||
| Financial Liabilities i) Borrowings |
14 | 20 | 14 | |
| Employee benefit obligations Deferred tax liabilities (net) |
4 12 |
7 18 |
4 12 |
|
| Total Non-Current Liabilities | 30 | 45 | 30 | |
| Current Liabilities Financial liabilities |
||||
| i) Borrowings li) Trade payables |
6 | 5 | 6 | |
| -Total outstanding dues of micro enterprises and small enterprises |
4 | 21 | 4 | |
| -Total outstanding dues of creditors other than micro | 2 | 123 | 7? | |
| enterprises and small enterprises iii) Other Financial Liabilities |
7 | 8 8 |
7 22 |
|
| Other current liabilities Total Current Liabilities |
22 111 |
165 | 111 | |
| Total Liabilities | 141 | 210 | 141 | |
| Total Equity and Liabilities | 2,044 | 2,055 | 2,044 | |
| For and 0 Poe | CNH CAL iTin ea |
IMITED of BO NS LIMITED |
||
| Date : 29.05.2024 | fee (CHANDRA SHEKHAR VERMA) — |
a |
| Registered Office: B-13 DSIDC COMPLEX FUNCTIONAL INDUSTRIAL ESTATE INDL. AREA PATPARGANJ NEW DELHI 110092 | ACE INTEGRATED SOLUTIONS LIMITED | |||
|---|---|---|---|---|
| AUDITED STANDALONE AND CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED MARCH 31, 2024 | CIN No.: L82990DL1997PLC088373 | |||
| Standalone | ||||
| Particulars | Year ended March 31, 2024 |
Year ended | Amount in INR Lakhs Consolidated |
|
| March 31, 2023 | Year ended March 31, 2024 |
Year ended March 31, 2023 |
||
| CASH FLOWS FROM OPERATING ACTIVITIES Profit before Tax Adjustments for: Depreciation and amortisation expense |
37 15 |
67 16 |
36 15 |
67 16 |
| Finance Costs (Gain)/Loss on sale of Fixed Assets Interest Received |
2 (0) (13) |
2 6 (6) |
2 (0) (13) |
2 6 -6 |
| Operating Profit before working capital change Adjustments for Working Capital Changes: (Increase)/Decrease in Inventories |
41 (29) |
85 (43) |
40 (29) |
85 (43) |
| (Increase)/Decrease in Financial-Non-current assets (Increase)/Decrease in Financial-current assets (Increase)/Decrease in Other non-current assets |
(4) 183 (82) |
69 180 (30) |
(4) 183 (82) |
69 180 (30) |
| (Increase)/Decrease in Other current assets lncrease/(Decrease) in Trade payables lncrease/(Decrease) in Other-curent Liabilities |
(23) (68) 14 |
(73) (21) (43) |
(21) (68) 14 |
(73) (21) (43) |
| Increase/(Decrease) in Provisions Cash generated from Operations Direct Taxes (paid)/refund Net Cash flow from Operating activities |
(2) 30 6 36 |
1 125 (48) 77 |
(2) 31 6 37 |
1 125 (48) 77 |
| CASH FLOWS FROM INVESTING ACTIVITIES Purchase of Fixed Assets including Intangible assets |
(18) | - | (18) | - |
| Sale proceeds from disposal of Fixed assets Acquisition of Bank Deposits Purchase of Investments |
9 (85) (1) |
22 - |
9 (85) |
22 - = |
| Interest received Net cash flow/(used in) Investing activities |
13 82 |
6 28 |
13 82 |
6 28 |
| CASH FLOWS FROM FINANCING ACTIVITIES Proceeds / (repayment) of Borrowings Finance Costs |
(5) (2) |
(178) (2) |
(5) (2) |
-178 (2) |
| Net cash (outflow)/inflow from financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the financial |
7 (53) 179 |
180 (75) 254 |
7 (52) 479 |
180 (75) a |
| period Cash and cash equivalents at the end of the period |
126 | 179 | 127 | 179 |
| Reconciliation of cash and cash equivalents as per the cash flow statement: Particulars |
As at March 31, 2024) As at March 31, 2023 As at March 31, 2024] As at March 31, 2023 |
For ACE INTEGRATED SOLUTIONS LIMITED
For and On behalf of of Directors
ome
Managing Dire tor
Date : 29.05.2024 (CHANDRA SHEKHAR VERMA) Place : Delhi Managing Director DIN 01089951
ACE INTEGRATED SOLUTIONS LIMITED
Regd. Office: B-13, DSIDC Complex, Functional Industrial Estate Industrial Area Patparganj, New Delhi- 110092 E-mail: [email protected], [email protected] Phone No.: 011-49537949, Website: www.aceintegrated.com CIN: L82990DL1997PLC088373
DECLARATION
Pursuant to the provision of Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended from time to time, we hereby declare and confirm that M/s. Sanmarks & Associates, Chartered Accountants (Firm Registration No, 003343N) Statutory Auditors of the Company have issued an Auditor's Report with un-modified opinion on both Standalone & Consolidated Audited Financial Results of the Company for the fourth quarter and year ended on March 31, 2024 which have been approved by the Board of Directors in their meeting held on May 29, 2024,
For ACE INTEGRATED SOLUTIONS LIMITED
eo CHANDRA SHEKHAR VERMA ROHITGOEL - (MANAGING DIRECTOR) (CHIEF FINANCIAL OFFICER) DIN: 01089951
Date: 29.05.2024 Place: Delhi
Certification by Chief Executive Officer and Chief Financial Officer of the Company in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, for the fourth quarter and year ended on March 31, 2024
We, Rajeev Ranjan Sarkari, Chief Executive Officer of the Company and Rohit Goel, Chief Financial Officer of Ace Integrated Solutions Limited, do hereby certify that, we have reviewed Audited Financial Results of the Company for the fourth quarter and year ended on March 31, 2024 and to the best of our knowledge and belief:
- (1) The Financial Results do not contain any false or misleading statement or figures and do not omit any material fact which may make the statements or figures contained therein misleading.
- (ii) These Results together present a true and fair view of the company's affairs and are in compliance with the existing accounting standards and/or applicable laws/regulations.
Fog WFESARIED BOLING LMR LIMITED
Keim Re Ww ve ; "Bhi Executive Officer RAJEEV RANJAN KARI ROHIT GOEL ' (CHIEF EXECUTIVE OFFICER) (CHIEF FINANCIAL OFFICER)
Chief Financial Officer
Date: 29.05.2024 Place: Delhi