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Archies Ltd. Interim / Quarterly Report 2020
62096_rns_2019-11-13_ecc2b050-9bc7-4809-a371-05be0ac78573.pdf
Interim / Quarterly Report
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Date: 13th November, 2019
| 1) | TheAsst.VicePresident, | 2)TheSecretary | |||
|---|---|---|---|---|---|
| ListingDepartment, | TheListingDepartment, | ||||
| NationalStockExchangeofIndia | CorporateRelationshipDepartment, | ||||
| Limited,ExchangePlaza,C-1,Block-G | BSELimited, | ||||
| BandraKurlaComplex,Bandra(East), | 1stFloor,NewTradingWing, | ||||
| Mumbai-400051 | ,P.}.Towers,DalalStreetFort, | ||||
| Mumbai-400001 | |||||
| ScripCode-ARCHIES | ScripCode-532212 |
SUB: OUTCOME OF BOARD MEETING
- Intimation and disclosure under Regulations 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for Un-Au.dited Financial Results and Limited Review Report for the quarter and six months ended 30.09.2019.
Dear Sir/Madam,
Pursuant to Regulation 30 & 33 of SEBI (Listing Obligation and Disclosll{e Requireme.~ts) Regulation, 2015, this is to inform you that Board of Directors of Archies Limited ("Compahy") in its meeting held today approved the Un-Audited Financial Results (Standalone) for the Quarter and Six Months ended so" September, 2019 of the Company as per Indian Accounting Standard (IND-AS) along with the Limited Review Report. Copy of the Results along with the Limited Review Report of Statutory Auditors is attached herewith for your perusal.
The above information will also be available on the Company's Website, www.archiesonline.com 4
The meeting ofthe Board of Directors commenced on 11:30 A.M. and concluded at 04:00 P.M.
Please take the above on records.
Thanking You.
Yours sincerely,
Hitesh Kuma
(Company Secretary & Compliance Officer) ARCH IES LIMITED
C -113, NARAINA INDUSTRIAL AREA, PHASE -1, NEW DELHI-11 0028 (INDIA), CIN : L36999HR1990PLC041175 TEL: 91-11-4141סס00, 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)
ARCHIES LIMITED
Statement of Unaudited financial results for the Quarter and Half Year ended 30 September 2019
| (~inLakhs) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Quarter Ended | Half Year Ended | Year Ended | ||||||
| S.No. | PARTICULARS | 30.09.201930.06.201930.09.2018 | 30.09.201930.09.2018 | 31.03.2019 | ||||
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | |||
| Income: | ||||||||
| a.Income from Operations | 3473.24 | 3047.80 | 4201.02 | 6521.04 | 7585.57 | 15874.85 | ||
| Other Operating Incomeb. | 114.15 | 85.94 | 52.76 | 200.09 | 96.99 | 261.59 | ||
| I | Revenue from operations | 3587.39 | 3133.74 | 4253.78 | 6721.13 | 7682.56 | 16136.44 | |
| II | Other Income | 43.55 | 45.41 | 32.85 | 88.96 | 74.49 | 183.84 | |
| III | Total Income (I + II) | 3630.94 | 3179.15 | 4286.63 | 6810.09 | 7757.05 | 16320.28 | |
| • | ||||||||
| IV | Expenses | |||||||
| a.Cost of Materials Consumed | 244.11 | 301.19 | 245.45 | 545.30 | 433.47 | 1100.31 | ||
| Purchase of Stock-in-Tradeb. | 1562.51 | 1260.49 | 1144.60 | 2823.00 | 2739.45 | 5098.92 | ||
| Changes in inventories of finished goods,c. | (416.34) | (509.89) | 233.71 | (926.23) | (391.25) | (334.37) | ||
| work-in-progress and stock-in-trade | " | |||||||
| Employee benefits expensed. | 760.28 | 855.88 | 785.04 | 1616.16 | 1511.15 | 3187.89 | ||
| e.Finance costs | 172.49 | 71.41 | 68.55 | 243.90 | 120.60 | 269.79 | ||
| f.Depreciation and amortisation expense | 112.40 | 566.49 | 88.32 | 678.89 | 175.79 | 357.56 | ||
| g.Rent | 575.18 | 130.11 | 603.80 | 705.29 | 1189.16 | 2412.88 | ||
| h.Other expenses | 948.69 | 842.26 | 1026.91 | 1790.95 | 1966.17 | 4154.63 | ||
| Total Expenses | 3959.32 | 3517.jl4 | 4196.38 | 7477.26 | 7744.54 | 16247.61 | ||
| Profit I (Loss) before exceptionaland extraordinary | ||||||||
| V | items and tax (III - IV) | (328.38) | (338.79) | 90.25 | (667.17) | 12.51 | 72.67 | |
| VI | Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Profit I (Loss) before extraordinaryitems and | ||||||||
| VII | tax (V - VI) | (328.38) | (338.79) | 90.25 | (667.17) | 12.51 | 72.67 | |
| VIII | Extraordinary Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| IX | Profit I (Loss) before tax (VII - VIII) | (328.38) | (338.79) | 90.25 | (667.17) | 12.51 | 72.67 | |
| X | Tax expense: | ) | ||||||
| Current taxa. | 0.00 | 0.00 | 0.00 | 0:00 | 0.00 | 14.96 | ||
| b.Deferred tax | (86.47) | (107.47) | 27.23 | (193.94) | (3.51) | 0.06 | ||
| c.MAT Credit Entitlement | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (14.96) | ||
| XI | Profit I (Loss) for the period (IX - X) | (241.91) | (231.32) | 63.02 | (473.23) | 16.02 | 72.61 | |
| XII | Other Comprehensive Income | , | ||||||
| Item that will not be reclassifiedsubsequentlyto profit | ||||||||
| A.or loss | 1 | |||||||
| Remeasurements Gains I (Losses) of defined benefit plans | (4.35) | - ,(3.48) | 1.56 | (7.83) | 2.01 | (36.75) | ||
| Income tax on above | 1.21 | 0.97 | (0.43) | 2.18 | (0.56) | 10.22 | ||
| Total of Other Comprehensiveincome | (3.14) | (2.51) | 1.13 | (5.65) | 1.45 | (26.53) | ||
| XIII | Total Comprehensiveincome for the period (XI+XII) | (245.05) | (233.83) | 64.15 | (478.88) | 17.47 | 46.08 | |
| (Comprising Profit and Other Comprehensive Income for the | ||||||||
| period) | ||||||||
| 675.62 | 675.62 | 675.62 | 675.62 | 675.62 | 675.62 | |||
| XIV | Paid up Equity Capital (Face Value of Rs. 2/- each)Reserves excludingrevaluationreserves | - | - | - | - | 9,814.14 | ||
| XVXVI | Earning Per Share (EPS) in Rs. (Not Annualised) | - | ||||||
| (0.72) | (0.68) | 0.19 | (1.40) | 0.05 | 0.21 | |||
| a. Basic | (1.40\ | |||||||
| b. Diluted | (0.72 | (0.68 | 0.19 | 0.05 | 0.21 |
See accompanying notes to the financial results
ARCHIES LIMITED
C -113, NARAINA iNDUSTRIAL AREA, PHASE -1, NEW DElHI-11 0028 (iNDIA), CIN : l36999HR1990PlC041175 TEL.: 91-11- 4141 0000, 41412222, Fax: 91-11- 4141 0060, Email : [email protected], Website: www.archiesoniine.com REGISTERED OFFICE: PLOT NO. 191- F, SECTOR - 4, I.M.T. MANESAR, GURUGRAM -122050, HARYANA (INDIA)
STATEMENT OF ASSETS AND LIABILITIES
| (~in Lakhs) | |||
|---|---|---|---|
| As at30 September 2019 | As at30 September 2018 | ||
| ASSETS | |||
| Non-Current Assets | |||
| Property, Plant and EquipmentCapital work-in-progressRight of Use Assets | 7,605.0020.031,761.34 | 7,468.3923.30 | |
| Financial AssetsOther Financial AssetsOther Non Current AssetsCurrent Income Tax (net) | " | 790.39236.5896.47 | 802.75207.4495.00 |
| Current AssetsInventories | 6,015.04 | 5,623.81 | |
| Financial Assets(a) Trade Receivables(b) Cash and Cash Equivalents(c) Bank balances other than above(d) Other Financial AssetsOther Current Assets | 1,887.70107.4150.82614.17603.06 | 2,189.04212.3462.7860.68418.94 | |
| Total Assets | 19,788.01 | 17,164.47 | |
| EQUITY AND LIABILITIESEQUITYEquity Share CapitalOther EquityLIABILITIES | 675.6210,638.30 | 675.6211,096.63 | |
| Non-CurrentLiabilitiesFinancial LiabilitiesOther Financial LiabilitiesDeferred Tax Liabilities (Net)ProvisionsOther Non-CurrentLiabilitiesCurrent Liabilities | 1,918.7933.9459.2332.83 | 92.62237.2836.5557.70 | |
| Financial Liabilities(a) Borrowings(b) Trade Payables | 3,144.05 | 2,034.20 | |
| total outstandingdues of micro enterprisesand smallenterprises | 106.49 | 2.42 | |
| total outstandingdues of creditors other than microenterprisesand small enterprises(c) Other Financial LiabilitiesOther Current LiabilitiesProvisions | ( 1,511.751,351.75237.0076 | 1,298.941,269.87302.2160.43 | |
| Total Equity and Liability | . 17,164.47 |
ARCHIES LIMITED
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C -113, NARAINA INDUSTRIAL -1, NEW DELHI-11 0028 (INDIA), CIN : L36999HR1990PLC041175 TEL.: 91-11- 4141 0000, 41412222, Fax: 91-11- 4141 0060, Email : [email protected], Website: www.archiesonline.com REGISTERED OFFICE: PLOT NO. 191-F, SECTOR-4, I.M.T. MANESAR, GURUGRAM -122050, HARYANA(INDIA)
ARCHIES LIMITED
Cashflow Statement for the period ended 30 September 2019
| (~in Lakhs) | ||||||
|---|---|---|---|---|---|---|
| Particulars | 30 September2019 | 30 September 2018 | 31 March 2019 | |||
| A. | CASH FLOW FROM OPERATING ACTIVITIES: | |||||
| Net Profit before Taxation and ExtraordinaryItems | (667.17) | 12.51 | 72.67 | |||
| Adjustmentsfor: | ||||||
| Add: | ||||||
| Depreciation and AmortisationExpenses | 678.89 | 175.79 | • 357.56 | |||
| Finance Cost | 220.89 | 92.00 | 202.06 | |||
| Loss (net of profit) on Sale!Disposal of Property,Plant and Equipment | 36.98 | 18.05 | 48.29 | |||
| Less: | ||||||
| Interest Income received | (2.06) | (1.64) | (8.36) | |||
| OperatingProfit before Working Capital changes | 267.53 | 296.71 | 672.22 | |||
| Adjustmentsfor: | ||||||
| Decrease! (Increase) in Trade Receivables | 22.52 | 10.13 | 288.95 | |||
| Decrease! (Increase) in Inventories | (929.19) | (446.24) | 91.72 | |||
| Decrease! (Increase) in Other Financial Assets and Other Current Assets | (271.64) | (46.82) | (490.82) | |||
| Increase!( Decrease) in Trade Payable | 334.24 | 140.85 | 150.68 | |||
| Increase!( Decrease) in Other financialliabilities,other liabilitiesand provisions | (96.40) | (24.06) | 21.35 | |||
| Direct Taxes (paid) ! income tax refund | (16.78) | (4.87) | (12.58) | |||
| NET CASH FROM OPERATING ACTIVITIES (A) | (689.72) | (74.30) | 721.52 | |||
| B. | CASH FLOW FROM INVESTING ACTIVITIES | |||||
| Payments towards Capital Expenditure | ,(288.52) | ~.(140.55) | (578.56) | |||
| Proceeds From Sale of Property,Plant and Equipment | •12,78 | 3.54 | 125.13 | |||
| Redemption!(Investment) in Fixed Deposits having maturityof more than three months | 4.27 | (19.80) | (11.36) | |||
| Interest Income received | 2.06 | 1.64 | 8.36 | |||
| NET CASH FROM! (USED IN) INVESTING ACTIVITIES (B) | (269.41) | (155.17) | (456.43) | |||
| C. | - .CASH FLOW FROM FINANCING ACTIVITIES | |||||
| Proceeds from Short Term Borrowings (net) | 1,542.44 | 454.54 | 21.95 | |||
| Repayment of Lease Liabilities | (432.88) | |||||
| Finance Cost paid including intereston lease liabilities | ~(207.16) | (91.93) | (202.06) | |||
| Dividend Paid (Including Tax on Dividend) | - | 0.79 | 0.75 | |||
| NET CASH FROM! (USED IN) FINANCING ACTIVITIES (C) | 902.40 | 363.40 | (179.36) | |||
| Net Increase!(Decrease)in Cash And Cash Equivalents(A) + (B) + (C) | (56.73) | 133.93 | 85.73 | |||
| Cash and Cash Equivalents (Opening) | 164.14 | 78.41 | 78.41 | |||
| Cash and Cash Equivalents(Closing) | 107.41 | 212.34 | 164.14 |
ARCHIES LIMITED
C-113, NARAINA INDUSTRIAL AREA, PHASE-l, NEW DELHI-ll0028 (INDIA), CIN: L36999HR1990PLC041175 TEL: 91-11-4141סס00, 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)
ARCHIES LIMITED
Segment wise Revenue, Results and Capital Employed
| $(3 \in \mathsf{In}$ Lakhs | |||||||
|---|---|---|---|---|---|---|---|
| Quarter Ended | Half Year Ended | Year Ended | |||||
| S.No. | Particulars | 30.09.2019 | 30.06.2019 | 30.09.2018 | 30.09.2019 | 30.09.2018 | 31.03.2019 |
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | ||
| Segment Revenue | |||||||
| a | Greeting Cards | 468.07 | 402.71 | 617.90 | 870.78 | 1,102.88 | 2,406.49 |
| þ | Stationery | 604.49 | 578.21 | 593.25 | 1,182.70 | 1,129.48 | 2,716.84 |
| Ċ | Gifts | 2,334.61 | 2,016.29 | 2,933.95 | 4,350.90 | 5,262.22 | 10,489.83 |
| d | Others | 66.07 | 50.59 | 55.92 | 116.66 | 90.99 | 261.69 |
| Total | 3,473.24 | 3,047.80 | 4,201.02 | 6,521.04 | 7,585.57 | 15,874.85 | |
| Less: Inter Segment Revenue | |||||||
| Net Sales / Income from Operations | 3,473.24 | 3.047.80 | 4.201.02 | 6,521.04 | 7.585.57 | 15,874.85 | |
| $\overline{2}$ | Segment Results | ||||||
| Profit / (Loss) before tax and finance costs | |||||||
| a | Greeting Cards | 6.31 | (25.03) | 73.89 | (18.72) | 114.28 | 267.99 |
| b | Stationery | 41.46 | 24.04 | 107.23 | 65.50 | 166.96 | 401.32 |
| c | Gifts | (21.59) | (131.37) | 183.07 | (152.96) | 218.81 | 432.47 |
| d | Others | 1.04 | 3.74 | 6.44 | 4.78 | 15.09 | 20.60 |
| Total | 27.22 | (128.62) | 370.63 | (101.40) | 515.14 | 1,122.38 | |
| Less: i) Finance Costs | 172.50 | 71.40 | 68.55 | 243.90 | 120.60 | 269.78 | |
| ii) Other Un-allocable Expenditure | 183.10 | 138.77 | 211.83 | 321.87 | 382.03 | 779.93 | |
| net off Un-allocable Income | |||||||
| Total Profit Before Tax | (328.38) | (338.79) | 90.25 | (667.17) | 12.51 | 72.67 | |
| $\overline{\mathbf{3}}$ | Capital Employed | ||||||
| (Segment Asset - Segment Liabilities) | |||||||
| a | Segment Assets | 19,788.01 | 26,221.77 | 17, 164.47 | 19,788.01 | 17, 164.47 | 16,847.92 |
| b | Segment Liabilities | 8,474.09 | 14,654.74 | 5,392.22 | 8,474.09 | 5,392.22 | 5,047.06 |
| Capital Employed | 11,313.92 | 11,567.03 | 11,772,25 | 11,313.92 | 11,772.25 | 11,800.86 | |
| Total | 11,313.92 | 11,567.03 | 11,772.25 | 11,313.92 | 11,772.25 | 11,800.86 |
Notes
The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 13 November 2019. $\mathbf{1}$
$\overline{2}$ 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 recognised accounting practices and policies to the extent applicable.
Due to the nature of business and common manufacturing facilities for various segments, a reasonable allocation of Capital Employed to various segments is currently $\overline{3}$ not practicable.
The Statutory Auditors have carried a Limited Review of the above unaudited financial results. $\overline{4}$
5 Previous year's figures have been rearranged and regrouped, wherever necessary.
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 6 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 half year ended 30 September 2019, the nature of expenses in respect of operating leases has changed from lease rent in previous period to depreciation cost for the right of use asset and finance cost for interest on lease liability. Due to said change profit is decreased by ₹59.96 lakhs for the period ended 30 September 2019
For and on behalf of the Board
Date: 13 November 2019 Place: Delhi
Anil Moolchandani (Chairman) DIN-00022693 New Delhi
ARCHIES LIMITED
C-113, NARAINA INDUSTRIAL AREA, PHASE-1, NEW DELHI-110028 (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)
J.P., KAPUR & UBERAI
CHARTERED ACCOUNTANTS
LOWER GROUND FLOOR C-4/5 SAFDARJUNG DEVELOPMENT AREA NEW DELHI - 110016 PHONES : 49562700 (20 lines) TELEFAX: 26511158
LIMITED REVIEWREPORT E-MAIL: [email protected]
REVIEWREPORTTO THE BOARDOF DIRECTORS ARCHIESLIMITED
Place: New Delhi
Date: November 13, 2019
-
- We have reviewed the accompanying statement of unaudited financial results of ARCHIESLIMITED ("the Company"), 191F, Sector-4, IMT Manesar, Gurugram, Haryana-122050for the quarter ended September 30, 2019 and year to date from April 01, 2019 to September 30, 2019 ("the Stateme~t"). 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 the Statement based on our review.
-
- We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE)2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is' free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides lessassurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
-
- Basedon our review conducted as above, nothing has come ro our attention that causes us to believe that accompanying statement of unaudited financial results prepared in accordance with applicable Indian Accounting Standards ("Ind AS") and other recognised accounting practices and policies has not disdosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and' Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. •
For ~nd on behalf of J. P., KAPUR 6: UBERAI Chartered Accountants (Firm Registration No. 000593N)
H. S. Khurana PARTNER (Membership No. 017779) *l)OSt-* '901'1":r=l q AAAA DB \ 0 4lt
Regd. Office: 806 Meghdoot, 94 Nehru Place, New Delhi -110019 Tel.: 26431054, 26485996 Fax: 26429777