Ace Integrated Solutions Limited — Interim / Quarterly Report 2019

Jul 15, 2019

ACE INTEGRATED SOLUTIONS LIMITED

Regd. Office: B-13, DSIDC Complex, FIE, Patparganj Industrial Area, Delhi - 110092 Phone No.: 011-22162970, 22163632, 22156470 Fax: 011-22156374 e-mail:-ceo@aceintegrated.com, info@aceintegrated.com CIN: L74140DL1997PLC088373

Ref.- AISL/SEC/STX/2019-20/16

Date: 04.07.2019

To

The Manager (Listing Department) National Stock Exchange of India Limited (NSE) Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai-400051 (Maharashtra)

Company Symbol: ACEINTEG

Subject: - Submission of reply of your letter no. NSE/LIST/FR/14509 dated June 04, 2019

Dear Sir/Madam,

This is with reference to the above captioned subject, please find enclosed herewith the attached Financial Results of the Company for the half year and year ended March 31, 2019 as per Schedule III of the Companies Act, 2013.

You are kindly requested to take the above information on your records

FOR ALE RILLOGALE & BACKERS PINTIONS LIMITED

RANJEET SING Company Secretary (Company Secretary & Compliance Officer)

Date: 04.07.2019 Place: Delhi

Sadana & Co. 106, Vishal Chambers, Sector-18, Noida-201301

www.sadanaca.com e-mail: sadanaca@gmail.com

Ph.: 0120-4235368 Fax: 0120-4235368

Auditor's Report OnHalf Yearly Financial Results and Year to Date Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To

The Board of Directors ACE INTEGRATED SOLUTIONS LIMITED B-13, DSIDC Complex. Functional Industrial Estate. Industrial Area Patparganj, Delhi - 110092

Sub: Auditor's Report On Financial Results of the Company for the half year ended March 31, 2019 and the year to date result for the period April 01, 2018 to March 31, 2019.

We have audited the half year financial results of Ace Integrated Solutions Limited for the half year ended March 31, 2019 and the year to date results for the period April 01, 2018to March 31, 2019 attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These half yearly financial results as well as the year to date financial results have been prepared on the basis of the interim financial statements, which are the responsibility of the company's management. Our responsibility is to express an opinion on these financial results based on our audit of such interim financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard for Interim Financial Reporting (AS 25 / Ind AS 34), prescribed, under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder; or by the Institute of Chartered Accountants of India, as applicable and other accounting principles generally accepted in India.

We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement(s). An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.

In our opinion and to the best of our information and according to the explanations given to us these half yearly financial results as well as the year to date results:

• are presented in accordance with the requirements of Regulation 33 of the SEBI $(i)$ (Listing Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and
• give a true and fair view of the net profitand other financial information for the half $(ii)$ year ended March 31, 2019 as well as the year to date results for the period from April 01, 2018 to March 31, 2019.

For Sadana & Co. Chartered Accountants ANA FRNA 011616N (CAAmit Bansal) Partner

Membership No. 098966 Place: Delhi Date: 30^th May 2019

UDIN: 19098966AAAAAA15164

M/S Ace Integrated Solutions Ltd.

Formerly known as Ace Integrated Solutions (P) Ltd.)
Regd. Office: B-13, DSIDC Complex, Functional Industrial Estate, Patparganj Industrial Area, Delhi-110092
CIN: L74140DL1997PTC088373, email:-ceo@aceintegrated.com, Phone

		(In Lakhs)
	12 Months	12 Months Previous accounting
	accounting
Particulars	year ended	year ended
	(31/03/2019)	(31/03/2018)
	Audited	Audited
	₹	₹
I. EQUITY AND LIABILITIES
(1) Shareholder's Funds
(a) Share Capital	680.00	680.00
(b) Reserves and Surplus	896.99	860.99
(c) Money received against share warrants
(2) Share application money pending allotment
(3) Non-Current Liabilities
(a) Long-term borrowings	93.09	108.17
(b) Deferred tax liabilities (Net)	20.43	9.53
(c) Other Long term liabilities
(d) Long term provisions
(4) Current Liabilities
(a) Short-term borrowings	17.10	109.00
(b) Trade payables (Non MSME)	223.69	508.74
(c) Trade Payables (MSME)	72.90
(d) Other current liabilities	4.21	1.50
(e) Short-term provisions	41.28	171.34
Total	2,049.68	2,449.27
II.Assets
(1) Non-current assets (a) Propety, Plant & Equipments
(i) Tangible assets	253.68	285.90
(ii) Intangible assets
(iii) Capital work-in-progress
(iv) Intangible assets under development
(b) Non-current investments	54.23	54.23
(c) Deferred tax assets (net)
(d) Long term loans and advances	634.96	536.87
(e) Other non-current assets
(2) Current assets
(a) Current investments	303.49	٠
(b) Inventories
(c) Trade receivables (d) Cash and cash equivalents	407.33 160.79	856.16 336.76
(e) Short-term loans and advances	15.20	16.96
(f) Other current assets	219.99	362.39
Total	2,049.68	2,449.27

For ACE INTEGRATED ON

NA

M

RN 011616

NOID.

Place: Delhi

Rohit Goel Chandra Shekharavering Director CREPFinancial Officer (MANAGING DIRECTOR) DIN: 01089951

$\overline{1}$

M/S Ace Integrated Solutions Ltd.

(Formerly known as Ace Integrated Solutions (P) Ltd.)
Regd. Office: B-13, DSIDC Complex, Functional Industrial Estate, Patparganj Industrial Area, Delhi-110092
רוויי ו דאי אחרו מספסדר המצטית במהוו - המהמה הווהמודגום במות.

Audited Financial Results for the Year ended Statement of Standalone			2019 on 31st March,		(In Lakhs)
Particulars	6 months ended (31/03/2019)	6 months ended (30/09/2018)	(31/03/2018) 6 months ended	accounting year 12 Months ended 31/03/2019)	12 Months Previous accounting year ended (31/03/2018)
	(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
			$\overline{m}$
(a) Net sales/Income from Operations	189.85	405.23	2.245.97	595.08	2,613.85
(b) Other Income (Int. on Income Tax Refund, Bank Interest & Rental Income)	22.37	16.66	24.28	39.03	43.49
Total Income	212.22	421.89	2,270.25	634.11	2,657.34
Expenditure 2
a) Expenses for Conduction of recruitment Examination	29.88	129.97	592.42	159.85	1,777.19
b) Purchases	44.38	51.48		95.86
c) Employee benefit expense	57.61	36.56	39.80	94.17	81.32
d) Depreciation and amortization expense	23.15	25.06	20.60	48.21	39.31
e) Finance Cost	8.01	14.23	15.81	22.24	29.35
Other expenses $\overline{\epsilon}$	60.68	93.69	444.58	154.37	504.95
					2,432.12
Total Expenditure	223.71	350.99	2,113.21	574.70
Profit before exceptional and extraordinary items and tax (1-2) 3	(11.49)	70.90	157.04	59.41	225.22
Exceptional Items
Profit before extraordinary items and tax (3-4) 400	(11.49)	70.90	157.04	59.41	225.22
Extraordinary Items
Profit before tax (5-6)	(11.49)	70.90	157.04	59.41	225.22
Tax Expenses $\infty$	(4.71)	17.21	41.40	12.50	61.95
a) Current Tax	10.89	0.01	2.01	10.90	0.46
Profit (Loss) for the period from continuing operations (7-8) b) Deferred Tax $\sigma$	(17.67)	53.68	113.63	36.01	162.81
Profit (Loss) for the period from dscontinuing operations $\overline{0}$
Tax Expenses of Discontinuing Cperations $\overline{1}$
Profit & Loss for the period $\overline{c}$	(17.67)	53.68	113.63	36.01	162.81
Earning per share (EPS) (Basic & Diluted) 3	(0.24)	0.79	1.67	0.53	2.39
STAR ADDINER STAR ADDINER 30652013 Place: Delhi Date:		Rohit Goel For ACE INTEGRATED	CFO nief Financial Officer	For ACE INTEGRATED SOLUTIONS LIMITED SOLUTIONS LIMITED For ACE INTEGRATED SOLUTIONS LIM	م MANAGING DIRECTOR Chandra Shekhar Verma

$\Box$ Chandra Shekhar Verma
(MANAGING DIRECTOR) lector
DIN: 01089951

							Ifflicer
						For ACE INTEGRATED SOLUTIONS LIMITED A For ACE INTEGRATED	Chief Financial C CFO Rohit Goel
	The above financial results for the year ended March 31, 2019 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors in its meeting held on	The above Audited Financial Results is subject to Audit Report as furnished by the Statutory Auditors and approved by the Board of Directors of the Company as required under	Figures of previous period /year have been regrouped / reclassified / recast wherever necessay to make the financial statement comparable. The Company operates only in one business segment. Hence, no separate information for segmant wise disclosure is given.	July 13, 2017.	es in respect of full financial year 2018-19 and half year ended figure on 30-09-2018.	For ACE INTEGRATED SOLUTIONS LIMITE PUNYS	Chandra Shekhar Verma MANAGING BRECTOR DIN: 01089951 Pd Acco $\frac{1}{2}$
		Regulation 33 of SEBI (LODR) Regulations, 2015.		The Company got listed its equity shares on NSE Emerge Platform on	6 The figures of last half year are balancing figure between audited figure	3005 2019	Place: Delhi
Note:	May 30, 2019.					Date: