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Ace Integrated Solutions Limited Interim / Quarterly Report 2021
63663_rns_2021-11-09_77a73c09-34cb-4eae-ba5b-6549880ca1d5.pdf
Interim / Quarterly Report
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ACE INTEGRATED SOLUTIONS LIMITED
Regd. Office: B-13, DSIDC Complex, Functional Industrial Estate, Industrial Area Patparganj, New Delhi-110092, Email- [email protected], [email protected] Phone No. 011-22162970, Website- www.aceintegrated.com CIN: L74140DL1997PLC088373
Ref.- ACE/STX/2021-22/36
To Date: 09.11.2021
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 09, 2021.
Dear Sir/Madam,
This is to inform you that the Meeting of Board of Directors of the Company held today i.e. on Tuesday, November 09, 2021 at 03:00 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:
- 1. Approval of Un-audited Financial Results of the Company for the half year ended September 30, 2021.
- 2. Approval of Limited Review Report on the Financial Results for the half year ended September 30, 2021.
In addition to the above, other matters were also discussed in the Board Meeting.
The Meeting was concluded at 04:00 p.m.
You are kindly requested to take the above information on your record.
For ACE INTEGRATED SOLUTIONS LIMITED
CHANDRA SHEKHAR VERMA
Digitally signed by CHANDRA SHEKHAR VERMA Date: 2021.11.09 16:00:32 +05'30'
CHANDRA SHEKHAR VERMA (Managing Director) DIN: 01089951
Encl: As above
Sadana & Co. 106, Vishal Chambers, Sector-18, Noida-201301
www.sadanaca.com e-mail: [email protected]
Ph.: 0120-4235368 Fax: 0120-4235368
Limited Review Report on Unaudited Standalone Financials Results of Ace integrated Solutions Limited for the half year ended 30th September, 2021 pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 as amended
To The Board of Directors. M/s Ace Integrated Solutions Limited. New Delhi
We have reviewed the accompanying statement of Unaudited Financial Results of M/S Ace Integrated Solutions Ltd. (the company) for the half year ended 30th September, 2021. This statement is the responsibility of the company's management and has been approved by the Board of Directors. Our responsibility is to issue a report on this financial statement based on the review.
We conducted our review is 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 Accountant 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 primary to inquires of company personnel and analytical procedure applied to financial data and thus provide 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 stated above, nothing has come to our attention, that causes us to believe that the accompanying statement of unaudited financial result prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information require to be disclosed in term of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 including the manner in which is to be disclosed or that it contains any material misstatement.
For SADANA & CO. Chartered Accountants FRN: 011616N
(CA Amit Bansal) Partner M. No. 098966
Date: 9th November, 2021 Place: Delhi
UDIN: 21098966AAAAHF6371
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: L74140DL1997PLC088373, email:[email protected], Phon
| STATEMENT OF ASSETS AND LIABLITIES FOR HALF YEAR ENDED 30/09/2021 | (In Lakhs) | (In Lakhs) | |||
|---|---|---|---|---|---|
| 06 Months | 06 Months | 06 Months | 12 Months | 12 Months | |
| ended | ended | accounting | accounting | ||
| Particulars | ended | (30/09/2020) | (31/03/2021) | year ended | year ended |
| (30/09/2021) | (31/03/2021) | (31/03/2020) | |||
| Unaudited | Unaudited | Unaudited ₹ |
Audited ₹ |
Audited | |
| ₹ | |||||
| I. EQUITY AND LIABILITIES | |||||
| (1) Shareholder's Funds | 680.00 | 680.00 | 680.00 | 680.00 | 680.00 |
| (a) Share Capital | 963.46 | 879.87 | 1,010.50 | 1,010.50 | 996.63 |
| (b) Reserves and Surplus | |||||
| (c) Money received against share warrants | |||||
| (2) Share application money pending allotment | |||||
| (3) Non-Current Liabilities | 33.71 | 90.25 | |||
| (a) Long-term borrowings | 37.60 | 35.73 | 33.71 | 9.88 | 13.59 |
| (b) Deferred tax liabilities (Net) | 10.99 | 13.59 | 9.88 | ||
| (c) Other Long term liabilities | |||||
| (d) Long term provisions | |||||
| (4) Current Liabilities | 8.42 | 8.33 | |||
| (a) Short-term borrowings | 8.47 | 107.61 | 8.42 | ||
| (b) Trade payables | 30.91 | 68.68 | 68.68 | 74.75 | |
| Outstanding Dues of Micro & Small Enterprises | 68.68 118.13 |
111.11 | 107.04 | 107.04 | 138.57 |
| Other Outstanding Dues of Creditors | 9.00 | 5.42 | 14.40 | 14.40 | 14.01 |
| (c) Other current liabilities | 61.49 | 40.64 | 58.79 | 58.79 | 56.49 |
| (d) Short-term provisions | |||||
| Total | 1,957.82 | 1,904.89 | 1,991.42 | 1,991.42 | 2,072.62 |
| II.Assets | |||||
| (1) Non-current assets | |||||
| (a) Property Plant & Equipments | 208.40 | 233.29 | 217.25 | 217.25 | 211.02 |
| (i) Tangible assets | |||||
| (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 | 734.12 | 757.07 | 715.74 | 715.74 | 595.93 |
| (e) Other non-current assets | |||||
| (2) Current assets | |||||
| (a) Current investments | 109.21 | 185.05 | 18.06 | 18.06 | 119.79 |
| (b) Inventories | 666.90 | 666.90 | 772.96 | ||
| (c) Trade receivables | 564.30 19.05 |
375.38 83.71 |
88.78 | 88.78 | 133.26 |
| (d) Cash and cash equivalents | 84.13 | 74.52 | 67.14 | 67.14 | 37.19 |
| (e) Short-term loans and advances (f) Other current assets |
184.39 | 141.65 | 163.32 | 163.32 | 148.24 |
| Total | 1,957.82 | 1,904.89 | 1,991.42 | 1,991.42 | 2.072.62 |
Place: Delhi
Rohit Goel ChicFoancial Officer
$\mathbf{v}$
Chandra Shekhar Vermalrector
ITED
ACE INTEGRATED SOLUTIONS LIMITED Regd. Office: B-13, DSIDC Complex, Functional Industrial Estate, Patparganj Industrial Area, Delhi-110092 CIN: L74140DL1997PLC088373 Cash Flow Statement for the half year ended September 30, 2021
| Amount in Laki | ||
|---|---|---|
| 30.09.2021 | 31.03.2021 | |
| PARTICULARS | ||
| (A) CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net Profit Befor Tax as per Statement of Profit and Loass | (45.93) | 14.58 |
| (After exceptional items and tax thereon) | ||
| Adustment for:- | ||
| Profit/Loss on sale/Discard of Property, Plant And Equipment | 9.22 | 46.51 |
| Depreciation and amortization expenses | (3.13) | (11.81) |
| Intrest Income | 1.50 | 8.22 |
| Finance Cost | (38.34) | 57.50 |
| Operating profit before working capital changes | ||
| Adjusted for: | (26.61) | 162.76 |
| Trade and Other Receivables | 8.45 | (34.83) |
| Trade and Other Payables | (56.50) | 185.43 |
| Cash Generated from Operations | (4.42) | |
| Taxes Paid (Net) | (56.50) | 181.01 |
| Net Cash Flow from Operating Activities | ||
| (B) CASH FLOW FROM INVESTING ACTIVITIES | (0.37) | (52.74) |
| Purchase of Property, Plat and Eqipment and Intengible Assests | ||
| Proceeds from disposal of Property, Plat and Equipment and Intengible Assets | 3.13 | 11.81 |
| Intrest Income | (18.38) | (119.81) |
| Long term Loans and Advances | (15.62) | (160.74) |
| Net Cash Flow from Investing Activities | ||
| (C) CASH FLOW FROM FINANCING ACTIVITIES | 3.89 | (56.54) |
| Repayment of Borrowing | (8.22) | |
| Intrest and Bank Charges Paid | (1.50) 2.39 |
(64.76) |
| Net cash used in Financing Activities | (69.74) | (44.48) |
| Net Decrease in Cash & Cash Equivalants | 88.78 | 133.26 |
| Opening Balance of Cash and Cash Equivalents | 19.05 | 88.78 |
| Closing Balance of Cash & Cash Equivalants |
For ACE INTEGRATED SOLUTIONS LTD SOLUTIONS LIMITED For ACE INTEGR Chandra Shekhar Verman Shirector DIN 01089951
For ACE INTEGRATED SOLUTIONS LTD
SQUELLONS LIMITED For ACE INTEG
Rohit Goel (Chief Financial Officer) Financial Officer
PLACE : Delhi DATE: 09.11.2021
ACE INTEGRATED SOLUTIONS LIMITED Regd. Office: B-13, DSIDC Complex, Functional Industrial Estate, Patparganj Industrial Area, Delhi-110092 CIN: L74140DL1997PLC088373
Cash Flow Statement for the half year ended September 30, 2021
| Amount in Lakh | ||
|---|---|---|
| PARTICULARS | 30.09.2021 | 31.03.2021 |
| (A) CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net Profit Befor Tax as per Statement of Profit and Loass | 14.58 | |
| (After exceptional items and tax thereon) | (45.93) | |
| Adustment for:- | ||
| Profit/Loss on sale/Discard of Property, Plant And Equipment | 46.51 | |
| Depreciation and amortization expenses | 9.22 | (11.81) |
| Intrest Income | (3.13) | 8.22 |
| Finance Cost | 1.50 | 57.50 |
| Operating profit before working capital changes | (38.34) | |
| Adjusted for: | 162.76 | |
| Trade and Other Receivables | (26.61) | (34.83) |
| Trade and Other Payables | 8.45 | 185.43 |
| Cash Generated from Operations | (56.50) | (4.42) |
| Taxes Paid (Net) | 181.01 | |
| Net Cash Flow from Operating Activities | (56.50) | |
| (B) CASH FLOW FROM INVESTING ACTIVITIES | (52.74) | |
| Purchase of Property, Plat and Eqipment and Intengible Assests | (0.37) | |
| Proceeds from disposal of Property, Plat and Equipment and Intengible Assets | 3.13 | 11.81 |
| Intrest Income | (18.38) | (119.81) |
| Long term Loans and Advances | (15.62) | (160.74) |
| Net Cash Flow from Investing Activities | ||
| (C) CASH FLOW FROM FINANCING ACTIVITIES | (56.54) | |
| Repayment of Borrowing | 3.89 | (8.22) |
| Intrest and Bank Charges Paid | (1.50) | (64.76) |
| Net cash used in Financing Activities | 2.39 | (44.48) |
| Net Decrease in Cash & Cash Equivalants | (69.74) 88.78 |
133.26 |
| Opening Balance of Cash and Cash Equivalents | 19.05 | 88.78 |
| Closing Balance of Cash & Cash Equivalants |
For ACE INTEGRATED
SOLUTIONS LTD For ACE INTEGRATED SOLUTIONS LIMITER
For ACE INTEGRATED SOLUTIONS LTD
For ACE INTEGRATED SCAUTIONS LIMITED $\cancel{\times}$
Chandra Shekhar Verma (MG. DIRECTOR) Managing Director DIN 01089951
Rohit Goel (Chief Financial Officer) Financial Officer
PLACE : Delhi DATE: 09.11.2021
ONS LIMITED hancial Officer Chiefel For ACE INTEGRATED SOLUTORE INTERFORMED SOLUTIONS LIMITED The above Unaudited financial results for half year ended September 30, 2021 have been reviewed by the daproved by the Board of Directors in its meeting held on vocation as required Financial Results is subject to Limited Review Report as furnished by the Board of Diectors of the Company as required under Regulation
The above Unaudited Financial Results is subject to Limited Revie Rohit Goel (In Lakhs)
12 Months $(6.84)$ 35.01 99.64 1,261.09 134.65 134.65 134.65 4.95 99.64 $147$ Previous 673.44 4720 accounting year ended $(31/03/2020)$ 1,351.53 284.90 1,395.74 141.61 $1723$ 44.21 (Audited) $(3.71)$ 020 13.88 93.09 208.06 768.29 14.59 14.59 14.59 4.42 13.88 46.51 822 0.71 12 Months accounting year ended 76576 782.88 286.10 126.31 $(31/03/2021)$ $1711$ (Audited) Chandra Shekhar Verma B Director 47.25
24.02
2.26
145.02 DIN: 01089951 682.58 4.42 $(3.71)$ 130.64 242.55 551.23 131.35 131.35 $0.71$ 130.64 1.92 6 months ended
(31/03/2021 11.90 131.35 90.13 670.68 (Unaudited) Statement of Standalone Unaudited Financial Results for the half year ended on 30th September, 2021 Regd. Office: B-13, DSIDC Complex, Functional Industrial Estate, Patparganj Industrial Area, Delhi-110092 CIN: L74140DL1997PLC088373, emall:[email protected], Phone: 011-22162970 $(116.76)$ $(1.72)$ 36.18 $(116.76)$ $(116.76)$ 6 months ended $(30/09/2020)$ $\frac{5.21}{100.30}$ 43.55 63.04 217.06 $(116.76)$ $(116.76)$ 95.08 (Unaudited) Figures of previous periodlyear have been regrouped /reclassified /recast wherever necessay to make the financial result comparable. The Company operates only in one business segment. Hence, no separate information for segmant wise disclosure is given. [Formerly known as Ace Integrated Solutions (P) Ltd.) $(47.05)$ $(0.69)$ $\frac{9.22}{1.50}$ $(45.93)$ $(45.93)$ $(45.93)$ 6 months ended $(30/09/2021)$ 291.02 155.69 46.25 42.10 $1.11$ $(47.05)$ (Unaudited) 342.71 296.78 M/S Ace Integrated Solutions Ltd. Other Income (Int. on Income Tax Refund, Bank Interest & Rental Income) 14 Profit before exceptional and extraordinary items and tax $(1-2)$ 5 Profit before exceptional and extraordinary items and tax (3-4) 9 Profit (Loss) for the period from continuing operations (7-8) Expenses for Conduction of recruitment Examination
Purchases 10 | Profit (Loss) for the period from discontinuing operations Particulars Trax Expenses of Discontinuing Operations
Profit & Loss for the period
[Earning per share (EPS) (Basic & Diluted) d) Depreciation and amortization expense 33 of SEBI (LODR) Regulations, 2015. (a) Net sales/Income from Operations
(b) Other Income (Int. on Income Tax f Date: $\bigcirc$ $q$ , $|$ $|$ , $2$ $\circ$ $2$ $|$
Place: Delhi Employee benefit expense c) Income Tax Adjustment Total Expenditure $\frac{6}{7}$ Extraordinery Items
$\frac{1}{7}$ Profit before Tax (5-6) a) Current Tax
b) Deferred Tax e) Finance Cost
e) Other expenses 4 Exceptional Items Total Income Tax Expenses Expenditure
a) Expenses
b) Purchases
c) Employee $\frac{3}{2}$ $\bullet$ $11$ $\overline{12}$ $13$ $\ddot{\phantom{0}}$ $\frac{1}{2}$ 2
ACE INTEGRATED SOLUTIONS LIMITED
Regd. Office: B-13, DSIDC Complex, Functional Industrial Estate, Industrial Area Patparganj, New Delhi-110092, [email protected], [email protected] Phone No. 011-22162970, Website-www.aceintegrated.com CIN: L74140DL1997PLC088373
Certification by Managing Director and Chief Financial Officer of the Company in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, for the half year ended September 30, 2021
Wc, Chandra Shekhar Verma, Managing Director 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 half year ended Scptcmber 30, 2021 and to the best of our knowledge and belief:
- The Financial Results do not contain any false or misleading statement or figures $(i)$ and 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 $(ii)$ in compliance with the existing accounting standards and/or applicable laws/regulations.
For ACE INTEGRATED SOLUTIONS LIMITED
CHANDRA Digitally signed by CHANDRA SHEKHAR VERMA SHFKHAR VFRMA Date: 2021.11.09 16:01:25 +05'30'
CHANDRA SHEKHAR VERMA (MANAGING DIRECTOR) DIN: 01089951
ROHIT GÖEL (CHIEF FINANCIAL OFFICER)
Date: 09.11.2021 Place: Delhi