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Archies Ltd. Annual Report 2020

Jul 17, 2020

62096_rns_2020-07-17_c652a1dc-5e21-46ff-842a-7f3c8e9fec91.pdf

Annual Report

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Date: iz" July, 2020

1) Asst. President, 2) The Listing Department,
Listing Department,National Stock Exchange of India Limited, CorporateRelationshipDepartment,BSELimited,
Exchange Plaza, C-l, Block-G,Bandra Kurla Complex,Bandra (East), Mumbai-400051 i"Floor, New Trading Wing, P.J.Towers,Dalal Street Fort, Mumbai-400001
Scrip 10 - ARCHIES Scrip Code - 532212

Sub: Submission of Outcomes of Board Meeting and Audited Financial Results for the quarter and year ended 31st March, 2020

    1. Intimation and disclosure under Regulations 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for Audited Financial Results and Independent Auditor's Report for the quarter and year ended 31.03.2020
    1. Appointment of M!s N Narasimhan & Associates, Chartered Accountants, New Delhi as Internal Auditors of the Company

Dear Sir! Madam,

Pursuant to Regulation 30 and 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of Archies Limited ("Company") in its meeting held today approved the Audited Financial Results (Standalone) for the Quarter and Year ended 31't March, 2020 of the Company as per Indian Accounting Standards (lND-AS) along with the Independent Auditor's Report. Copy of the results along with the Independent Auditor's Report of Statutory Auditors is attached herewith for your perusal.

Further due to the applicable provisions of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015 and' the Companies Act, 2013, Mis N Narasimhan & Associates, Chartered Accountants, New Delhi is appointed as Internal Auditors of the Company with immediate effect for the financial year 2020-21.

The above information will also be available on the Company's Website, www.archiesonline.com .

The meeting of the Board of Directors commenced on 12:15 P.M. and concluded at 02:00 P.M.

Pleasetake the above on records.

Thanking you.

Yours sincerely

Hitesh Kumar (Company Secretary & Compliance Officer)

ARCHIES LIMITED

c -113, NARAINA INDUSTRIAL AREA. PHASE -1, NEW DELHI-11oo28 ONDIA), GIN : L36999HR1990PlC041175 TEL; 91·11-41410000. 41412222, Fax: 91-11-41410060. EmaU: [email protected], WebsITe: www.archiesonllne.com REGISTERED OFFICE: PLOT NO. 191- F, SECTOR - 4. I.M.T. MANESAR, GURUGRAM ·122050, HARYANA ONDIA)

CHARTERED ACCOUNTANTS

LOWER GROUND FLOOR C-4/S SAFDARJUNG DEVELOPMENT AREA NEW DELHI - 110016 PHONES ; 49562700 (20 lines) TELEFAX: 26511158

49887 E-MAIl: In([email protected]

Independent Auditors' Report on Audited Quarterly Financial Results and Year to Date

To

The Board of Directors of ARCHIESLIMITED

REPORTON THE AUDIT OF THE FINANCIALRESULTS

Opinion

We have audited the accompanying quarterly financial results of Archies Limited ("the Company") for the quarter ended 31 March, 2020 and the year to date results for the period from 01 April, 2019 to 31 March, 2020, attached herewith, being submitted by the Company pursuant to the requirement of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

Results of the Company Pursuant to the Regulations 33 and 52 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 financial results:

  • are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
  • ii. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India of the net loss and other comprehensive loss and other financial information for the quarter ended 31 March, 2020 as well as the year to date results for the period from 01 April, 2019 to 31 March, 2020.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (lithe Act"), Our responsibilities under those Standards are further described in the Auditors' Responsibilities for the Audit of the Financial Results 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 together with the ethical requirements that are relevant to our audit of the

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 Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the Financial Results

These quarterly financial results as well as the year to date financial results have been prepared on the basis of the annual financial statements. The Company's Board of Directors are responsible for the preparation and presentation of these financial results that give a true and fair view of the net loss and other comprehensive loss and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with the relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 and 52 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 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 results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the financial results, the Board of Directors are responsible for assessingthe 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.

Auditors' Responsibilities for the Audit of the Financial Results

Our objectives are to obtain reasonable assuranceabout whether the financial results as .. a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' 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 SAswill 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 results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

  • Identify and assessthe risks of material misstatement of the 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.
  • 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)(0 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 the Board of Directors.
  • Conclude 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 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 auditors' report to the related disclosures in the 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 auditors' 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 results, including the disclosures, and whether the financial results 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 Matter

The financial results include the results for the quarter ended 31 March, 2020 being the balancing figure between the audited figures in respect of the full financial year ended 31 March, 2020 and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For and on behalf of J. P., KAPUR & UBERAI Chartered Accountants (Firm Registration No. 000593N)

H. S. Khurana PARTNER (Membership No. 017779) uj)I(", 'leo, ·l11·'lAA-AC4!1 b"lfi:J

Date: 17 July 2020

Place: New Delhi

ARCHIES LIMITED

Statement of Audited financial results for the Quarter and Year ended 31 March 2020

(~ in Lakhs)
QuarterEnded Year Ended
S.No. PARTICULARS 31.03.2020 31.12.2019 31.03.2019 31.03.2020 31.03.2019
Audited Unaudited Audited Audited Audited
Income: 3963.35 13541.59 15874.85
a. Income from Operations 2989.38 4031.17118.45 80.18 390.20 261.59
b. Other Operating Income 71.66 13931.79 16136.44
I Revenue from operations 3061.04 4149.62 4043.53 183.84
II Other Income 39.05 49.18 63.83 177.19
III Total Income(I + II) 3100.09 4198.80 4107.36 14108.98 16320.28
IV Expenses
a. Cost of Materials Consumed 235.13 260.67 384.81 1041.10 1100.31
b. Purchase of Stock-in-Trade 536.11 1430.35 621.54 4789.46 5098.92
c. Changes in inventories of finished goods, 201.20 17.60 422.71 (707.43) (334.37)
work-in-progressand stock-in-trade
d. Employee benefits expense 668.62 744.44 853.64 3029.22 3187.89
e. Finance costs 184.42 530.09 64.84 958.41 269.79
f. Depreciation and amortisationexpense 251.46 911.66 92.16 1842.01 357.56
g. Rent 279.12 (344.80) 617.18 639.61 2412.88
h. Other expenses 894.09 853.47 1133.92 3538.51 4154.63
Total Expenses 3250.15 4403.48 4190.80 15130.89 16247.61
V Profit / (Loss)before exceptionaland extraordinary (150.06) (204.68) (83.44) (1021.91) 72.67
VI items and tax (III - IV)Exceptional Items 0.00 0.00 0.00 0.00 0.00
Profit / (Loss)before extraordinaryitems and (150.06) (204.68) (83.44) (1021.91 ) 72.67
VII tax (V - VI)
VIII ExtraordinaryItems 0.00 0.00 0.00 0.00 0.00
IX Profit / (Loss)before tax (VII - VIII) (150.06) (204.68) (83.44) (1021.91) 72.67
X Tax expense:
a. Current tax 0.00 0.00 14.96 0.00 14.96
b. Deferred tax (419.75) 301.26 (48.81) (312.43) 0.06
c. MAT Credit Entitlement 0.00 0.00 (14.96) 0.00 (14.96)
d. (Excess)/ Short Provision for taxes for earlier years 8.10 0.00 0.00 8.10 0.00
XI Profit / (Loss) for the period(IX - X) 261.59 (505.94) (34.63) (717.58) 72.61
XII Other ComprehensiveIncome
A. Item that will not be reclassifiedsubsequentlyto profit
or lossI (Losses) of defined benefit plansRemeasurementsGains (91.66) (2.61) (39.43) (102.10) (36.75)
25.69 0.54 10.97 28.40 10.22
Income tax on above
B. Items that will be reclassifiedsubsequentlyto profitor
loss
Income tax relating to items that will be reclassified 0.00 0.00 0.00 0.00 0.00
subsequently to profit or lossTotal of Other Comprehensiveincome (65.97) (2.07) (28.46) (73.70) (26.53)
195.62 (508.01) (63.09) (791.28) 46.08
XIII Total Comprehensiveincomefor the period(XI+XII)
(Comprising Profit and Other ComprehensiveIncome for the
period)(Face Value of Rs. 2/- each)Paid up Equity Capital 675.62 675.62 675.62 675.62 675.62
XIV Reservesexcludingrevaluationreserves - - - 9,022.86 9,814.14
XV EarningPer Share (EPS) in Rs. (Not Annualised)_
XVI L 0.77 (1.50) (0.11) (2.12) 0.21
~Sa. Basicvb. Diluted •~0.77 (1.50 10.11\ (2.121 0.21
DL)Y

C-113,NARAJNAINOUASE-1' NEWDELHI-1100281IND~~S .'lR!OI,:'L1,9, TEL.: 91-11-41410000, 41412222, Fax: 91-11-41410060, Email: [email protected], Website: www.archiesonline.com REGISTERED OFFICE: PLOT NO. 191- F,SECTOR - 4, I.M.T. MANESAR, GURUGRAM -122050, HARYANA (INDIA)

__________________________________________ IIIIIIIIIIIIII---

STATEMENT OF ASSETS AND LIABILITIES

(~in Lakhs)
As at As at
31 March 2020 31 March 2019
ASSETS
Non-Current Assets
Property, Plant and Equipment 7,505.03 7,521.78
Capital work-in-progress 17.32 32.67
Right of Use Assets 5,7n.60 -
Financial Assets
Loans 753.04 842.13
Deferred Tax Assets (Net) 110.n -
Other Non Current Assets 195.28 246.00
Income Tax Assets (Net) 110.76 87.75
Total Non-Current Assets 14,469.80 8,730.33
Current Assets
Inventories 5,820.76 5,085.85
Financial Assets
(a) Trade Receivables 1,599.32 1,910.22
(b) Cashand Cash Equivalents 68.44 164.14
(c) Bank Balances other than (b) above 43.19 55.09
(d) Loans(e) Other Financial Assets 53.63532.49 50.18524.42
Other Current Assets 253.95 327.69
Total Current Assets 8,371.78 8,117.59
Total Assets 22,841.58 16,847.92
EQUITY AND LIABILITIES
EQUITY
Equity Share Capital 675.62 675.62
Other Equity 10,333.96 11,125.24
Total Equity 11,009.58 11,800.86
LIABILITIES
Non-Current Liabilities
Financial Liabilities
Lease Liabilities 4,975.42 -
Other Financial Liabilities 89.60
Provisions 149.82 54.93
Deferred Tax Liabilities (Net) - 230.07
Other Non-Current Liabilities 27.63 35.93
Total Non-Current Liabilities 5,152.87 410.53
Current Liabilities
Financial Liabilities(a) Borrowi ngs 2,832.10 1,601.61
(b) Lease Liabilities 1,229.03
(c) Trade PayablesMicro and Small Enterprises 40.31 48.88
1,235.12
Other than Micro and Small Enterprises 1,108.991,225.85 1,451.05
(d) Other Financial Liabilities 159.00 222.31
Other Current Liabilities 83.85 n.56
ProvisionsTotal Current Liabilities 6,679.13 4,636.53
Total Equity and Liabilities 22,841.58 16,847.92

C -113, NARAINA INDUSTRIAL AREA, PHASE -1, NEW DELHI-11 0028 (INDIA), CIN : L36999HR1990PLC041175 TEL.: 91-11-41410000, 41412222, Fax: 91-11-41410060, Email: [email protected], Website: www.archiesonline.com REGISTERED OFFICE: PLOT NO. 191- F, SECTOR - 4, I.M.T. MANESAR, GURUGRAM -122050, HARYANA (INDIA)

______________________________________________ IIIIIIIIIIIIIII _

ARCHIES LIMITED

Cash flow Statement for the year ended 31 March 2020

(~ in Lakhs)
Particulars 31 March 2020 31 March 2019
A. Cash Flow from OperatingActivities:
Profitl(Loss) before Tax as per Statementof Profit and Loss (1,021.91) 72.67
Adjustedfor:
Depreciationand AmortisationExpense 1,842.01 357.56
Finance Costs 958.41 269.79
Loss I(Profit) on Sale I Disposal of Property,Plant and Equipment(net) 31.66 48.29
InterestIncome (71.40) (77.82)
OperatingProfit beforeWorking Capitalchanges 1,738.77 670.49
Adjustedfor:
Trade Receivables 310.90 288.95
Inventories (734.91) 91.72
Other Receivables 177.92 ·490.82
Trade Payable (134.70) 150.68
Other Payables (311.24) 22.33
Cash generatedfrom operations 1,046.74 733.35
Taxes Paid (Net) (23.06) (12.58)
Net Cash Flow from OperatingActivities(A) 1,023.68 720.77
B. Cash Flow from InvestingActivities
Expenditureon Property,Plant and Equipment (566.35) (578.56)
from Sale I Disposal of Property,ProceedsPlant and Equipment 150.02 125.13
Investmentsin Fixed Deposit (26.45) (123.34)
Proceedsfrom Maturity of Fixed Deposit 37.05 113.76
InterestIncome Received 70.08 76.04
Net Cash Flow Used in InvestingActivities(B) (335.63) (386.97)
C. Cash Flow from FinancingActivities
Borrowings·Current(net) 1,230.49 ·21.95
Paymentof Lease Liabilities (1,069.33)
Interestand Other FinancialCharges Paid (944.91) (270.02)
Net Cash Flow Used in FinancingActivities(C) (783.75) (248.07)
I (Decrese)Net Increasein Cash And Cash Equivalents(A) + (B) + (C) (95.70) 85.73
Opening Balance of Cash and Cash Equivalents 164.14 78.41
Closing Balanceof Cash and Cash Equivalents 68.44 164.14

Change In Liabilities arising from Financing Activities

1 April 2019 Cash Flow 31 March 2020
Borrowing· Current 1,601.61 1,230.49 2,832.10
1,601.61 1,230.49 2,832.10
1 April 2018 Cash Flow 31 March 2019
Borrowing- Current 1,579.66 21.95 1,601.61
1,579.66 21.95 1,601.61

ARCHIES LIMITED

C -113, NARAINA INDUSTRIAL AREA, PHASE -1, NEW DELHI-11 0028 (INDIA), CIN : L36999HR1990PLC041175 TEL: 91-11-41410000, 41412222, Fax: 91-11-41410060, Email: [email protected], Website: www.archiesonline.com REGISTERED OFFICE: PLOT NO. 191- F,SECTOR - 4, I.M.T. MANESAR, GURUGRAM -122050, HARYANA (INDIA)

---------------------------- IIIIIIIIIIIIIII----

ARCHIES LIMITED

Segment wise Revenue, Results and Capital Employed

(~ in Lakhs)
Quarter Ended Year Ended
S.No. Particulars 31.03.2020 31.12.2019 31.03.2019 31.03.2020 31.03.2019
Audited Unaudited Audited Audited Audited
1 SeQment Revenue
a Greetino Cards 448.23 497.97 662.89 1.816.98 2.406.49
b Stationery 603.17 892.49 715.93 2.678.36 2.716.84
c Gifts 1,867.52 2,537.88 2,488.06 8,756.30 10,489.83
d Others 70.46 102.83 96.47 289.95 261.69
Total 2,989.38 4,031.17 3,963.35 13,541.59 15,874.85
Less: Inter Segment Revenue - - - - -
Net Sales I Income from Operations 2,989.38 4,031.17 3,963.35 13,541.59 15,874.85
2 senment Results
Profit I (Loss) before tax and finance costs
a Greeting Cards 95.13 85.46 61.19 161.88 267.99
b Stationery 188.43 96.74 105.73 350.67 401.32
c Gifts (136.41 27.26 9.98 (262.12) 432.48
d Others 28.89 6.80 0.13 40.48 20.60
Total 176.05 216.26 177.03 290.91 1,122.39
Less: j) Finance Costs 184.42 530.09 84.84 958.41 269.79
ii) Other Un-allocable Exoenditure 141.69 (109.15) 195.63 354.41 779.93
net off Un-allocable Income
Total Profit Before Tax (150.06) (204.68) (83.44) (1,021.91) 72.67
3 Capital Employed
Segment Asset - Segment Liabilities)
a Segment Assets 22,841.58 24,838.66 16,847.92 22,841.58 16,847.92
b Segment Liabilities 11,832.00 14,032.75 5,047.06 11,832.00 5,047.06
Capital Emoloved 11,009.58 10,805.91 11,800.86 11,009.58 11,800.86
Total 11,009.58 10,805.91 11,800.86 11,009.58 11,800.86

Notes

1 The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 17 July 2020.

2 These financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rule, 2015 prescribed under Section 133 of the Companies Act. 2013 and other recocnlsed accountino practices and policies to the extent applicable.

3 Due to the nature of business and common manufacturing facilities for various segments, a reasonable allocation of Capital Employed to various segments is currently not practicable.

4 Previous year's figures have been rearranged and regrouped, wherever necessary.

5 The figures for the quarter ended March 31, 2020 are the balancing figures between the audited figures in respect of full financial year and unaudited year to date fiqures uoto the previous Quarter

  • 6 Effective 1 April 2019 (transition date), the new Indian accounting standard i.e., Ind AS 116 "Leases" became effective, The company has adopted the new standard with modified approach and recognised asset in the form of 'Right of Use Asset' (representing its right of use the leased asset over the lease term) and also liability towards present value of the balance of future lease payments for the leases. In the statement of profit and loss for the Year ended 31 March 2020, the nature of expenses in respect of operating leases has changed from lease rent in previous period to depreciation cost for the righ of use asset and finance cost for interest on lease liability. Due to said change profit is decreased by ~329.36 lakhs for the Year ended 31 March 2020
  • 7 The outbreak of Coronavirus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity. Measures taken to contain the spread of the virus, including travel bans, quarantines, social distancing, and closures of non-essential services have triggered significant disruptions to businesses, resulting in an economic slowdown. COVID19 is significantly impacting business operation of the company, by way of interruption in production, supply chain disruption, unavailability of personnel, closurellockdown of production facilities etc. On 24 March 2020, the Government of India ordered a nationwide lockdown for 21 days which further got extended till 3 May 2020 to prevent community spread of COVID-19 in India resulting in significant reduction in economic activities. The Operations of the Company have resumed in a partial manner at manufacturing location and at stores from 8th May 2020. In assessing the recoverability of Company's assets such as, Inventories, receivables, Security deposits etc. the Company has considered internal and external information. The Company expects to recover the carrying amount of the assets.

Date: 17 July 2020 Place: New Delhi

ARCHIES LIMITED

C -113, NARAINA INDUSTRIAL AREA, PHASE -1, NEW DELHI-11 0028 (INDIA), CIN : L36999HR1990PLC041175 TEL.: 91-11-41410000, 41412222, Fax: 91-11-41410060, Email: [email protected], Website: www.archiesonline.com REGISTERED OFFICE: PLOT NO. 191- F,SECTOR- 4, I.M.T. MANESAR, GURUGRAM -122050, HARYANA (INDIA)

-------------------- IIIIIIIIIIIIII--

Date: 17th July, 2020

1) Asst. President, 2) The Listing Department,
Listing Department, CorporateRelationshipDepartment,
NationalStock Exchange of India Limited, BSELimited,
Exchange Plaza, C-l,Block-G, stFloor,1New TradingWing,P.J. Towers,
Bandra Kurla Complex, Dalal StreetFort, Mumbai-400001
Bandra (East),Mumbai-400051
Scrip 10 - ARCHIES Scrip Code - 532212

Sub: Declaration on Audit Reports with an unmodified opinion

Dear Sir/Madam,

Pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby declare that Mis J.P.,Kapur & Uberai, Chartered Accountants, Statutory Auditors of the Company, have issued Audit Reports with an unmodified opinion on the Audited Standalone Financial Results of the Company for the year ended March 31, 2020.

Please take the above on your records.

Thanking You.

Yours faithfully,

For Archies Limited

Investor E-mail id:[email protected]

Dilip Seth Director (Finance) & Chief Financial Officer

ARCHIES LIMITED

C -113, NARAINA INDUSTRIAL AREA, PHASE -1, NEW DELHI-11 0028 (INDIA), CIN : L36999HR1990PLC041175 TEL.: 91-11-41410000, 41412222, Fax: 91-11-41410060, Email: [email protected], Website: www.archiesonline.com REGISTERED OFFICE: PLOT NO. 191- F,SECTOR - 4, I.M.T. MANESAR, GURUGRAM -122050, HARYANA (INDIA)

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