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Ace Integrated Solutions Limited Interim / Quarterly Report 2020
63663_rns_2020-11-12_c42a39e9-d974-48d5-9ffd-a630f72bef3a.pdf
Interim / Quarterly Report
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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:[email protected], [email protected] CIN: L74140DL1997PLC088373
Ref.- ACE/STX/2020-21/29
To
Date: 12.11.2020
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:- Outcome of the Board Meeting held on November 12, 2020.
Dear Sir/Madam.
This is to inform you that the Meeting of Board of Directors of the Company held today i.e. on Thursday, November 12, 2020 at 11:30 a.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 Un-audited Financial Results of the Company for the half year ended September 30, 2020.
In addition to the above, other matters were also discussed in the Board Meeting.
The Meeting was concluded at 05:00 p.m.
You are kindly requested to take the above information on your record.
For AGE INTEGRAPED SOLUTIONS LIMITED
Company Secretary RANJEET SINGH (Company Secretary & Compliance Officer)
Encl: As above
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:[email protected], Phone: 011-22162970
| (In Lakhs) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Particulars | 6 months ended (30/09/2020) |
6 months ended (30/09/2019) |
6 months ended (31/03/2020) |
12 Months Current accounting year ended (31/03/2020) |
12 Months Previous accounting year ended (31/03/2019) |
|||||
| (Unaudited) | (Unaudited) | (Audited) | (Audited) | (Audited) | ||||||
| $\mathbf{1}$ | (a) Net sales/Income from Operations | Ŧ | ₹ | ₹ | ||||||
| 95.08 | 1,015.82 | 335.70 | 1,351.52 | 595.08 | ||||||
| (b) Other Income(Int on IT Refund, Bank Interest & Rental Income) Total Income |
5.21 | 25.94 | 18.27 | 44.21 | 39.03 | |||||
| 100.30 | 1.041.76 | 353.97 | 1,395.73 | 634.11 | ||||||
| $\overline{2}$ | Expenditure | |||||||||
| a) Expenses for Conduction of recruitment Examination | ||||||||||
| b) Purchases | 43.55 | 640.03 | 130.12 | 770.15 | 159.85 | |||||
| c) Employee benefit expense | 36.18 | 7.20 | (7.20) | 95.86 | ||||||
| d) Depreciation and amortization expense | 45.84 | 62.45 | 79.16 | 141.61 | 94.17 | |||||
| e) Finance Cost | 22.49 5.96 |
23.26 | 23.94 | 47.20 | 48.21 | |||||
| e) Other expenses | 5.96 | 11.27 | 17.23 | 22.24 | ||||||
| 63.04 | 209.97 | 74.92 | 284.89 | 154.37 | ||||||
| Total Expenditure | 217.06 | 948.87 | 312.21 | |||||||
| 1,261.08 | 574.70 | |||||||||
| 3 | Profit before exceptional and extraordinary items and taz (1-2) | (116.76) | 92.89 | 41.76 | 134.65 | |||||
| 4 | Execptional items | 59.41 | ||||||||
| 5 | Profit before extraordinary items and tax (3-4) | (116.76) | 92.89 | 41.76 | 134.65 | |||||
| 6 | Extraordinary Items | ٠ | 59.41 | |||||||
| 7 8 |
Profit Before Tax (5-6) Tax Expenses |
(116.76) | 92.89 | 41.76 | 134.65 | 59.41 | ||||
| a) Current Tax | $\overline{a}$ | |||||||||
| b) Deferred Tax | $\blacksquare$ | 29.96 | 6.94 | 36.90 | 12.50 | |||||
| c) Income tax adjustment | (2.79) | (4.05) | (6.84) | 10.90 | ||||||
| 4.95 | 4.95 | |||||||||
| $\mathbf{9}$ | Profit (+)/Loss (-) for the period from continuing operations (7-8) | (116.76) | 65.72 | 33.92 | 99.64 | 36.01 | ||||
| 10 Profit (+)/Loss (-) for the period from discontinuing operations | $\blacksquare$ | |||||||||
| 11 | Tax Expenses of Discontinuing Operations | |||||||||
| 12 | Profit & Loss for the period | (116.76) | 65.72 | 33.92 | 99.64 | |||||
| 13 | Earning per share (EPS) (Basic & Diluted) | (1.72) | 0.97 | 0.50 | 1.47 | 36.01 0.53 |
Note:
The above Un-audited financial results for half year ended September 30, 2020 have been reviewed by the Audit Committee and thereafter $\overline{1}$ $\overline{c}$
The above Un-audited Financial Results is subject to Limited Review Report as furnished by the Statutory Auditors and approved by the Board of Directors of the Company as required under Regulation 33 of SEBI (LODR) Regulations, 2015. The Company operates only in one business segment. Hence, no separate information for segmant wise disclosure is given. 3
4 Figures of previous period /year have been regrouped / reclassified / recast wherever necessay to make the financial result comparable.
Date: 12/11/2020 Place: Delhi
For ACE INTEGRATED SOLUTIONS L IMITED
Rohit Goel CFO
Chandra Shakhaavaraa irector DIN: 01089951
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:[email protected], Phone: 011-22162970
| STATEMENT OF ASSETS AND LIABLITIES FOR HALF YEAR ENDED 30/09/2020 | |||||
|---|---|---|---|---|---|
| (In Lakhs) | (In Lakhs) | ||||
| 06 Months | 06 Months | 06 Months | 12 Months | 12 Months | |
| Particulars | ended | ended | ended | accounting | accounting |
| (30/09/2020) | (30/09/2019) | (31/03/2020) | year ended (31/03/2020) |
year ended (31/03/2019) |
|
| Unaudited | Unaudited | Unaudited | Audited | Audited | |
| ₹ | ₹ | ₹ | ₹ | ₹ | |
| I. EQUITY AND LIABILITIES | |||||
| (1) Shareholder's Funds | |||||
| (a) Share Capital | 680.00 | 680.00 | 680.00 | 680.00 | 680.00 |
| (b) Reserves and Surplus | 879.87 | 962.71 | 996.63 | 996.63 | 896.99 |
| (c) Money received against share warrants | |||||
| (2) Share application money pending allotment | |||||
| (3) Non-Current Liabilities | |||||
| (a) Long-term borrowings | 35.73 | 89.47 | 90.25 | 90.25 | 93.09 |
| (b) Deferred tax liabilities (Net) | 13.59 | 17.64 | 13.59 | 13.59 | 20.43 |
| (c) Other Long term liabilities | |||||
| (d) Long term provisions | |||||
| (4) Current Liabilities | |||||
| (a) Short-term borrowings | 107.61 | 9.31 | 8.33 | 8.33 | 17.10 |
| (b) Trade payables | |||||
| Outstanding Dues of Micro & Small Enterprises Other Outstanding Dues of Creditors |
30.91 | 72.89 | 138.57 | 138.57 | 72.89 |
| (c) Other current liabilities | 111.11 5.42 |
214.08 | 74.75 | 74.75 | 223.68 |
| (d) Short-term provisions | 40.64 | 37.72 85.62 |
14.01 | 14.01 | 4.21 |
| 56.49 | 56.49 | 41.28 | |||
| Total | 1,904.89 | 2,169.44 | 2,072.62 | 2,072.62 | 2,049.67 |
| II.Assets | |||||
| (1) Non-current assets | |||||
| (a) Property Plant & Equipments | |||||
| (i) Tangible assets | 233.29 | 231.70 | 211.02 | 211.02 | 253.68 |
| (ii) Intangible assets | |||||
| (iii) Capital work-in-progress | |||||
| (iv) Intangible assets under development | |||||
| (b) Non-current investments | 54.23 | 54.23 | 54.23 | 54.23 | 54.23 |
| (c) Deferred tax assets (net) | |||||
| (d) Long term loans and advances | 757.07 | 696.07 | 595.93 | 595.93 | 634.96 |
| (e) Other non-current assets | |||||
| (2) Current assets | |||||
| (a) Current investments | 185.05 | 202.49 | 119.79 | 119.79 | 303.49 |
| (b) Inventories | |||||
| (c) Trade receivables | 375.38 | 732.68 | 772.96 | 772.96 | 407.33 |
| (d) Cash and cash equivalents (e) Short-term loans and advances |
83.71 | 99.74 | 133.26 | 133.26 | 160.79 |
| (f) Other current assets | 74.52 | 8.77 | 37.19 | 37.19 | 15.20 |
| 141.65 | 143.76 | 148.24 | 148.24 | 219.99 | |
| Total | 1,904.89 | 2,169.44 | 2.072.62 | 2.072.62 | 2.049.67 |
Date: 12/11 2020
For ACECULTER CRATED SOLUTIONS LIMITED
Managing Director (MANAGING DIRECTOR) DIN: 01089951
Rohit Goel CFO
Ace Integrated Solutions Limited
Regd. Office : B-13, DSIDC Complex, Functional Inddustrial Estate, Patparganj Industrial Area, Delhi-110092 CIN: L74140DL1997PLC088373 CASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTERMBER 30,2020
| 30.09.2020 | 31.03.2020 | |
|---|---|---|
| A. CASH FLOW FROM OPERTING ACTIVITIES | ||
| Net Profit Before Tax as per Statement of Profit and Loss (After Exceptional Items and Tax thereon) |
$-116.76$ | 134.65 |
| Adjusted for: | ||
| (Profit)/Loss on sale/Discard of Property, Plant and Equipment (Net) | 0.00 | $-1.41$ |
| Depreciation/Amortisation and Depletion Expense | 22.49 | 47.20 |
| Interest Income | $-1.29$ | $-38.80$ |
| Finance Cost | 5.96 | 17.23 |
| Operating Profit before Working Capital Changes | $-89.60$ | 158.87 |
| Adjusted for: | ||
| Trade and Other Receivables | 301.59 | $-132.17$ |
| Trade and Other Payables | 3.54 | $-67.02$ |
| Cash Generated from Operations | 215.53 | $-40.32$ |
| Taxes Paid (Net) | 0.00 | $-41.85$ |
| Net Cash flow in Operating Activities | 215.53 | $-82.17$ |
| B. CASH FLOW FROM INVESTING ACTIVITIES | ||
| Purchase of Property, Plant and Equipment and Intengible Assets | $-44.76$ | $-7.33$ |
| Proceeds from disposal of Property, Plant and Equipment and Intengible Assets | 0.00 | 4.20 |
| Interest Income | 1.29 | 38.81 |
| Long Term Loans and Advances | $-161.14$ | 39.03 |
| Net Cash used from in Investing Activities | $-204.61$ | 74.71 |
| C. CASH FLOW FROM FINANCING ACTIVITES | ||
| Repayment of Borrowing - Non Current | $-54.51$ | $-2.84$ |
| Interest and Charges Paid | $-5.96$ | $-17.23$ |
| Net Cash used in Financing Activities | $-60.47$ | $-20.06$ |
| Net Decrese in Cash and Cash Equivalents | $-49.55$ | $-27.53$ |
| Opening Balance of Cash and Cash Equivalents | 133.26 | 160.79 |
| Closing Balance of Cash and Cash Equivalents (refer note 14) | 83.71 | 133.26 |
Date: 12/11/2020
FOR ACE INTEGRATED SOLUTIONS L
FOR ACE INTEGRATED SOLUTIONS LIMITED
Œ
E Rohit Goel CFO
$\mathbb{Z}_{\mathsf{u}}$
Chandra Shekhan veinsa Director (MANAGING DIRECTOR) DIN: 01089951
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:[email protected], [email protected] CIN: L74140DL1997PLC088373
Date: November 12, 2020
Certification by Managing Director and Chief Financial Officer of the Company in terms of Regulation-33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended September 30, 2020.
We, Chandra Shekhar Verma, Managing Director and Rohit Goel, Chief Financial Officer of Ace Integrated Solutions Limited, do hereby certify that, we have reviewed un-audited financial results of the Company for the half year ended September 30, 2020 and to the best of our knowledge and belief:
- The Financial results do not contain any false or misleading statement or figures and $(i)$ do not omit any material fact which may make the statements or figures contained therein misleading.
- These results together present a true and fair view of the company's affairs and are in $(i)$ compliance with the existing accounting standards and/or applicable laws/regulations.
For AGE INTERNED SOLUTIONS LIMITED
Managing Director
Chandra Shekhar Verma (Managing Director) DIN: 01089951
Rohit Goel (Chief Financial Officer)
Date: 12.11.2020 Place: Delhi