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Archies Ltd. Annual Report 2021

Jun 30, 2021

62096_rns_2021-06-30_afa4c72a-8e24-4817-ba8a-50839ba4ccc2.pdf

Annual Report

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

Sub: Submission of Outcomes of Board Meeting and Audited Financial Results for the quarter and year ended 31st March. 2021

    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 31.03.2021
    1. Appointment of Mis N Narasimhan & Associates, Chartered Accountants, New Delhi as Internal Auditors of the Company

Dear Sirl 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 st March, 2021 of the Company as per Indian Accounting Standards (IND-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 re-appointed as Internal Auditors of the Company with immediate effect for the financial year 2021-22. Brief Profile of Internal Auditors is attached herewith for your perusal.

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 01:46 P.M.

Please take the above on records.. .

Thanking you.

Yours sincerely

Hitesh Kumar

(Company Secretary & Compliance Officer)

ARCH IES LltvllTED

C-113. NARAINAINDUSTRIAL AREA. PHASE-'. NEW DELHI-110028 (lNDl.A.). CIN : L36999HR1990PLCQ41175 TEL.: 91-11-41410000. 41412222. Fax: 91-11- 41410060. Email . archlt:~S(I:archlesonline.comWebs . Ite: www.arctuesonnne.corn REGISTERED OFFICE: PLOT NO 191- F. SECTOR - 4. LM. r. MANESAR. GURUGRAM 122050. HARYANA ONDIA)

ARCHIES LIMITED

Statement of Audited financial results for the Quarter and Year ended 31 March 2021

({ in lakhs
Ended Year
S.No PARTICULARS 31.03.2021 31.12.2020 31.03.2020 31.03.2021 31.03.2020
Audited Unaudited Audited Audited Audited
lncome:
a. lncome from Operations
b 2061 .26 1947.48 2989.38 5413.90 13541 .59
Other Operating lncome 52.34 39.31 7't.66 115.43 390.20
I Revenue from operations 2113.60 1986.79 3061.04 5529.33 1 3931.79
il
ill
Other lncome 297.72 812.72 39.05 2259.27 177.19
Total lncome (l + ll) 2411.32 2799.51 3100.09 7788.60 14108.98
IV Expenses
a. Cost of Materials Consumed
b. Purchase of Stock-in-Trade 397.60 168.54 235.13 863.51 1041.10
c. Changes in inventories of finished goods, 360.16 378.28 536.1 1 943.74 4789.46
work-in-progress and stock-in-trade 69.70 271.63 201.20 134.64 (707
d. Employee benefits expense 457.92 '1280.56
e. Finance costs 348.57 668.62 3029.22
f. Depreciation and amortisation expense 151 .08 195.05 184.42 746.66 958.41
S Rent 391 .1 5 422.17 251 .46 1714.93 1842.01
h. Other expenses 89.75 26.69 279.12 185.37 63q.61
Total Expenses 660.98 823.07 894.09 2321 .59 3538.51
Profit / (Loss) before exceptional and extraordinary items and 2578.34 2634.00 3250.1 5 8191 .00 1 51 30.89
V tax (lll - lV) (167 165.50 (150, (402.41 (1021.91
VI Exceptional ltems 0.00 0.00 0.00 0.00
Profit / (Loss) before extraordinary items and 0.00
vil tax (V - Vl) (1 67.03) 165.50 (150.06) (402.41) (1021.91
vilt Extraordinary ltems 0.00 0.00 0.00 0.00 0.00
tx Profit / (Loss) before tax (Vll - Vlll) (167.03) ,t 65.50 (1 (402.41) (1021.91
x Tax expense:
a. Current tax 0.00 0.00 0.00 0.00 0.00
b. Deferred tax 37.48 (419. (1 (312.43)
c. MAT Credit Entitlement 0.00 0.00 0.00 0.00 0.00
d. (Excess)/ Short Provision for taxes for earlier years 0.00 8.10 0.10 8.'t 0
xt Profit / (Loss) for the period (lX - X) (11 128.02 261.59 (237. (717,
xil Other Comprehensive lncome
A. ltem that will not be reclassified subsequenfly to profit or loss
Remeasurements Gains / (Losses) of defined benefit plans 19.12 (1s 55) (s1 (1e (102.10)
lncome tax on above 4.33 25.69 5.49 28,40
Changes in revaluation surplus 0.00 (30 4e) 0.00 000
lncome tax on above 0.00 4.01 0.00 4.01 0.00
B. ltems that will be reclassified subsequently to profit or loss
lncome tax relating to items that will be reclassified su\$sequently
to profit or loss 0.00 0.00 0.00 0.00 0.00
Total of Other Comprehensive income 13.80 (37,
xill Total Comprehensive income for the period (XI+111y (97.1 8) (65.97)
'195.62
(40.74) (73.
(Comprising Profit and Other Comprehensive lncome for the 90.32 (278.39) (7e1.28)
period)
xtv Paid up Equity Capital (Face Value of Rs. 2/- each) 675.62 675.62 675.62
XV Reserves excluding revaluation reserves 675.62
8,797.44
675.62
xvr Earning Per Share (EPS) in Rs. (Not Annualised) 9,022.86
a. Basic 0.3B 0.77 (0.70) (21
b. Diluted 0.38
0.77

See financial

ARCHIES LIMITED

-11- , NEW DELHI- 110028 (lNDlA), CIN : L36999HR1990PLC041 175 I : [email protected], \ /ebsite : www_archiesonline.com i- 4, l.lvl.T. IVANESAR, GURUGRAM -i22050, HARYANA (tNDtA) -1 NARAINA 0000,

STATEMENT OF ASSETS AND LIABILITIES

({ in la
As at
3l March 2021
As at
31 March 2020
ASSETS
Non-Current Assets
Property, Ptant and Equipment 6,808,87 7,505.03
CapitaI work-in-progress 48.05 17.32
Right of Use Assets 3,766.06 5,777.60
FinanciaI Assets
Loans 708.98 753.04
Deferred Tax Assets (Net) 281.13 110.77
Other Non Current Assets 127.32 195.28
lncome Tax Assets 46.73 110.76
Total Non-Current Assets 11 ,787.14 14,469.80
Current Assets
lnventories 5,794.67 5,820.76
FinanciaI Assets
(a) Trade Receivabtes 1,042.04 1,599.32
(b) Cash and Cash Equivatents 45.24 68.44
(c) Bank Batances other than (b) above 39.55 43.19
(d) Loans 35.27 53.63
(e) Other FinanciaI Assets 20.56 532.49
Other Current Assets 229.55 253.95
Total Current Assets 7,206.88 8,371.79
Total Assets
EQUITY AND LIABILITIES 18,994.02 22,841.58
EQUITY
Equity Share Capitat 675.62
Other '10,082.05 675.62
I 0,333.96
Total 10,757.67 1 1,009.58
LIABILITIES
Non-Current Liabilities
FinanciaI Liabitities
Lease Liabitities 3,468.33
Provisions 169.69 4,975.42
Other Non-Current Liabitities 149.82
77.63
Total Non-Current Liabilities 3,638.02 5,152.87
Current Liabilities
FinanciaI Liabitities
(a) Borrowings 1,784.12 2,832.10
(b) Lease Liabitities 799.47 1,229.03
(c) Trade Payabtes
Micro and 5ma[[ Enterprises 37.32 40.31
Other than Micro and Smat[ Enterprises 600.28 1,108.99
(d) Other Financial Liabitities 1,032.53 1,225.95
0ther Current Liabitities 277.96 1 59.00
Provisions 66.6s 83.8s
Total Current Liabilities 4,598.33 6,679.13
Liabilities 18,994.02 22,841.59
NEW

ARCHIES LIMITED

INDUSTRIALAREA, PHASE-1, NEW DELHI-110028 (lNDlA), CIN:L36999HRl990P1C041175 Fax : 91-11-41410060, Email : [email protected], Website : www.archiesonline.com : PLOT NO. 191- F. SECTOR- 4, l.M.T. MANESAR, GURUGRAIM -122050, HARYANA (lNDlA) 91 41 41412222,

ARCHIES Lff/.ITED

t

Cash flow Statement for the year ended 31 March 2021

({ in Lakhs)
Particulars 31
Cash FIow from Operating Activities ;
Profit/ (Loss) before Tax as per Statement of Profit and Loss (402.411 (1,021.91],
Adjusted for :
Depreciation and Amortisation Expense 1 ,714.93 1,847.01
Finance Costs 746.66 958.41
Loss /(Profit) on Sate / Disposal of Property, Ptant and Equipment (net) .(174.701 31.66
Relief of Lease Obtigation (Refer Note No. 2. 1 9(b) (1,1 18.33)
Lease Liabitities Written Back on Termination of Lease (Refer Note No. 2.19(b) (111.08)
lnterest Income (67.6e) (71.40].
Operating Profit before \,Yorking Capital changes 58 7.39 1,738.77
Adjusted for :
Trade Receivables 557.28 3 1 0.90
lnventories 26.10 1734.e1l,
Other Receivabtes 666.72 177.92
Trade Payabte (511.711 (134.70)
Other Payables (118.e1) (311.24)
Cash generated from operations 1,?06.87 1,046.74
Taxes Paid (Net) 63.93
Net Cash Flow from Operating Activities (A) 1,270.8A 1,023.68
B. Cash Flow from lnvesting Activities
Expenditure on Property, Plant and Equipment ( 1 05.2s) (s65.35)
Proceeds from Sate / Disposal of Property, plant and Equipment 61?44 1 50.02
lnvestments in Fixed Deposit (2.50) (26.45)
Proceeds from Maturity of Fixed Deposit 5.63 37.05
lnterest lncome Received 65.96 70.08
Net Cash Flow From/(Used) in lnvesting Activities (B) 576.28 (335.63)
C. Cash Flow from Financing Activities
Borrowings - Current (net)
Payment of Lease Liabitities (1 ,047.98l. 1,230.49
lnterest and Other FinanciaI Charges Paid (73.53) (1,069.33)
Payment of Unctaimed Dividend (746.811 (944.91],
Net Cash FIow Used in Financing Activities (C) (1 96)
(1,870.28) (783.75)
Net lncrease / (Decrese) in Cash And Cash Equivalents (A) + (B) + (C) (23.20) (9s.70,
Opening Balance of Cash and Cash 68.44 164.14
in Liabilities
from Financing Activities
2020 Cash 31 March 202'l

Borrowing - Current 1,832.10 11,o47.98) 1,784.1) 7,432.10 (1,O47.98\ 1,784.12 1Aprit 2019 Cash Flow 3'l March 2020 Borrowing - Current 1,601.61 1.230.49 2,832.10 1,601.61 1,230.49 2,832.10 I

NEW D

ARCHIES LIMITED

C-113, NARAINA INDUSTRIALAREA, PHASE-1, NEW DELHI-110028 (lNDlA), CIN:L36999HR1990PLC041 175 TEL.: 91-11-41410000, 41412222, Fax:91-1 1-41410060, Email :[email protected], Website:www.archiesonline.com REGISTERED OFFICE : PLOT NO. 191- F, SECTOR- 4, LN/.T. MANESAR, GURUGRAI/ -122050, HARYANA (lNDlA)

@rehies t

ARCHIES LIMITED

Segment wise Revenue, Results and Capital Employed

in lakh
Year Ended
S.No. Particulars 31.03.202't 31.12.2020 31.03.2020 3',t.03.2021 31.03.2020
Audited Unaudited Audited Audited Audited
eqment Revenue
a reetinq Cards 221.19 184.18 448.23 513.92 1 ,816.98
b ationeru 642.10 608.51 603.1 7 1,746.81 2.678,36
Gifts 1,147.95 1,062.58 1.867.52 2,924.18 8,756.30
d Others 50.02 92.21 70.46 228.99 289.95
Total 2,061.26 't,947.48 2,989.38 5,413.90 1 3,541.s9
"ess: nter Seoment Revenue
rf Sales r lncome from ODerations 2,061.26 1,947.48 2,989.38 5,413.90 1 3,541.59
edment Results
Profit r Loss) before tax and finance costs
a nq Cards 18.28 41.3: 95.1 3 48.34 161 .88
b Stationery 114.13 250.67 '188.43 566.1 9 350.67
Gifts (116.44\ 21.22 (136.41 (1 99.63 (262.12
d rers 16.29 Jtzo 28.89 48.35 40.48
Total 32.26 344.54 1 76.05 463.25 290.91
Less:
Finance Costs
151 .09 195.06 184.42 746.67 958.41
ii) Other Un-allocable Expendrture 48.20 (1 6.03) 141.69 1 18.99 354.41
nel otf Un-allocable lncome
Profit
Tax
( 1 67.03) 1 65.50 (1s0.06) (402.41 (1,021.91
Emoloved
a eoment Assets 18.994.02 19,786.64 22.841.58 18,994.02 22,841.58
b Seqment Liabilities 8,236.35 8.93'1.79 I 1.832.00 8,236.3r 1 1.832.00
Emoloved 't0,757.67 '10,854.85 11,009.58 10.757.67 11,009.58
Total 't0,757.67 10.854.85 1 1,009.s8 10,757.67 'l 1,009.58

Notes

'l The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 30 June 2021 .

  • 2 These financial results have been prepared in accordance with lhe Companies (lndian Accounting Standards) Rule, 201 5 prescribed under Section 133 of the Companies Act, 201 3 and other recognised accounting 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 lo various segments is currently not practicable.
  • 4 Previous yeals figures have been rearranged and regrouped, wherever necessary.
  • 5 The above financial results have been audited by the statutory auditors.
  • 6 The figures for the quarter ended March 31. 2021 arc lhe balancing figures between the audited figures in respect of futl financial year and unaudited year to date figures upto the previous quarter
  • 7 The outbreak of corona virus (COVID-19) pandemic globally and in lndia is causing significant disturbance and slowdown of economic activity. The Company's operations and revenue during the period were impacted due to COVID-1 9. The Company has taken into accounl lhe possible impact of COVID-1 9 in preparation of the audited financial results, including its assessment of recoverable value of its assets based on internal and exlernal information upto the date of approval of these audited financial results and current indicators of future economic conditions.

Date: 30 June 2021 Place: New Delhi

t

on the Board and DIN- 00022693

ARCHIES LIMITED

C-113, NARAINA TNDUSTRIALAREA, PHASE-1, NEW DELHI-110028 (lNDlA), CIN :L36999HR1990P1C041 175 TEL.: 91 -11-41410000, 41412222, Fax:91-11-41410060, Email :[email protected], website:www.archiesonline.com REGISTEREDOFFICE:PLOTNO. 191-F,SECTOR-4, l.tU.T. IVIANESAR,GURUGRAM -122050, HARYANA(lNDlA)

J.P., KAPUR & UBERAI "

LOWER GROUND FLOOR C-415 SATDARJLTNG DEVELOPMENT AREA NEWDELHI - IIOOI6 PHONES : 49562'700 (20 lines) TELEFAX: 26511158

E-MAIL: [email protected]

cHARTERED ACCoUNTANTS ,#*?H\$

Auditors, Report on quarterly Financial Results and Year to Date Resutts of the company pursuant to the Regutation 33 of the sEBl (Listing obtigations and Disclosure Requirements) Regutations, 2015, as amended'

To


The Board of Directors of

Archies Limited

    1. we have audited the accompanying statement of financial resutts of ARCHIES LlMlrED (,,the company") for the quarterand year ended3l March, 2021 ("the statement")' attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the sEBr (Listing obtigations and Disctosure Requirements) Regutations, Z015,as amended ("th; Regutation"),read with SEBI Circutar No' crR/cFD/F ACr6ztzol6 dated Juty 05, 2015 1;'the circutar"). These financial resutts for the quarter and year ended 31 March, 2021 have been prepared on the basis of the financial results for the nine-month period ended 3,1 December, TO2O, the audited financiat statements as at and for the year ended 31 March, 2071 ' andthe retevant requirements of the Regutation and the circutar: which are the responsibitity of the company's management and have been approved by the Board of Directors of the company. our responsibitity is to express an opinion on these financiat resutts based on our review of thefinancia[ resutts for the nine-month period ended 31 December, 2020whichwaspreparedinaccordancewiththerecognitionandmeasurement principtes taid down in lndian Accounting standard (lnd AS) 34 lnterim Financial Reporting, specified under section 133 of the companies Act, 2013 read with retevant rutes issued thereunder and other accounting principtes generatty accepted in lndia; our audit of the annual financial statements as at and for the year ended 31 March,2021; and the retevant requirements of the Regutation and the circutar'
  • ?-. we conducted our audit in accordance with the auditing standards. generatty accepted in lndia. Those standards require that we ptan and perform the- audit to obtain reasonabte assurance about whether the iinanciat results are free of materia[ misstatement. An audit inctudes examining, on a test basis, evidence supporting the amounts discLosed as financiat resutts. An ludit atso inctudes assessing the accounting principtes used and significant estimates made by management' we betieve that our audit provides a reasonabte basis for our opinion'

I Regd.office:806Meghdoot,g4NehruPlace,NewDelhi-11001'9Tel.:2643Lo54,26485996FaxJi26429777

,, KAPUR & UBERAI

    1. ln our opinion and to the best of our information and according to the explanations given to us, these quarterty financial resutts as wet[ as the year to date resutts:
  • (i) are presented in accordance with the requirements of Regutationread with Circular,in this regard; and

I

  • (ii) give a true and fair view of the net [oss, other comprehensive loss and other financial information for the quarter and year ended 31 March,2021.
    1. Further, read with paragraph 1 above, we report that the figures for the quarter ended 31 March, 2021 represent the derived figures between the audited figures in respect of the financia[ year ended 31 March, 2021 and the pubtished year-to-date figures up to 31 December, 7020, being the date of the end of the third quarter of the current financia[ year, which were subjected to a timited review as stated in paragraph 1 above, as required under the Regutation and the Circutar.

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

*t[f,t*' q -) ,t ) R& (t.

H. S. Khurana PARTNER (Membership No. 017779) b[flr.r,, Ltot7,+i]A AAAcVloJa

Date:June 30,7021

t, j14iu..*

Ptace: New Delhi

f

Date:30th June,2O2L

1) Asst. President,
Listing Department,
Nationalstock Exchange of lndia Limited,
Exchange Plaza, C-L, Block-G,
Bandra Kurla Complex,
Mumbai-400051
Bandra
2) The Listing Department,
Corporate Relationship Department,
BSE Limited,
l't Floor, New Trading Wing, P.J. Towers,
Dalal Street Fort, Mumbai-400001
Scrip lD - ARCHIES Scrip Code - 5322L2

Sub: Declaration on Audit RePorts with an unmodified opinion

Dear Sir/Madam,

Pursuant to Regulation 33(3Xd) of the SEBI (Listing Obligations and Disclosure Requlrements) Regulations, 2015, we hereby declare that M/s 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,,202L.

Please take the above on your records.

Thanking You.

Yours faithfully,

t

For Archies Limited

& Chief Financial Officer

lnvestor E-mail id: [email protected]

ndani Kam Thakur

ARCHIES LIMITED

C-113, NARAINA INDUSTRIALAREA, PHASE-1, NEW DELHI-110028 (lNDlA), CIN : 136999HR1990P1C041175 TEL.: 91- 11- 41410000, 41412222, Fax:91-11- 41410060, Email : [email protected], Website : www.archiesonline.com REGISTERED OFFICE : PLOT NO. 1 91- F, SECTOR- 4, l.lV.T. MANESAR, GURUGRAIV -122050, HARYANA (lNDlA)

PROFILE

Name Profession

Organisation Structure Partnership

Year of Constitution 1992

Number of Partners 3

Address:

N.Narasimhan & Associates Chartered Accountants

Name of Current Partners Raghubar Narayan Mishra. FCA

Mohammed Rizwan, ACA

Arjun Nadadur Narasimhan. ACA

MIs N.Narasimhan & Associates Chartered Accountants 211 Hans Bhawan, 1 Bahadur Shah Zafar Marg. New Delhi 110002 India

Phone + 91 - 11 - 23379050

Email [email protected]

The firm of chartered Accountants has been providing services of auditing, internal auditing. taxation matters,matters relating to FIPB and RBI approvals to various multinational and Indian corporate houses.

The Consultancy division of the firm provides a wide range of services to premier companies and public service organisations. We work in close association with the clients in proposing strategic direction, re-engineering business processes and introduce core electronic commerce systems so as to improve their performance. This is done through our ability to interact both with the clients and top quality specialists to meet the specific needs of the client.

Our services cover the design. planning and implementation of information technology infrastructure and electronic commerce systems. We use all our experience in planning. research and business modelling to help implement strategies that transform business processes and operations.

Specialised services

Audit & related services:

Statutory audits,lnternal Control Reviews, Due Diligence Reviews, Investigation, Certification Work, Development/Review, Internal Audit

Tax & Legal Services:

I

Tax Compliance, Corporate I Business Tax, Due Diligence Studies, Advice on Indirect & Direct Taxation, International Executive Tax, Transfer Pricing Registration Information, Exchange Control Advice, Licensing and preparation of contracts and other agreements. Representation before authorities at various levels.

Management Consulting:

Strategic Financial Management, Business Performance Improvement, Feasibility studies, IT Strategy.

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