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Archies Ltd. Interim / Quarterly Report 2021
62096_rns_2021-08-13_996427cd-146a-4a9a-af14-33a3d0dba237.pdf
Interim / Quarterly Report
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Date: rs" August, 2021
| 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 Floor, New Trading Wing, P.J. Towers, 1 |
| Bandra Kurla Complex, | Dalal Street Fort, Mumbai-400001 |
| Bandra (East), Mumbai-4000S1 | |
| Scrip 10 - ARCHIES | Scrip Code~32212 |
Sub: Submission of Outcomes of Board Meeting and Un-Audited Financial Results for the quarter and three months ended 30th June, 2021
-
- Intimation and disclosure under Regulations 30 & 33 of SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 for Un-Audited Financial Results and limited Review Report for the quarter and three months ended 30.06.2021
-
- Re-appointment of Mr. Jagdish Moolchandani as Executive Director of the Company of the Company with effect from 28.09.2021
-
- Re-appointment of MIs Dayal & Maur, Company Secretaries, New Delhi as Secretarial Auditors of the Company for the Financial Year 2021-22
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 Un-Audited Financial Results (Standalone) for the Quarter and three months ended so" June, 2021 of the Compa~ 'as per Indian Accounting Standards (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.
Further due to the applicable provrsrons of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Companies Act, 2013, following approvals has been accorded in Board Meeting held today:.
-
- Re-appointment of Mr. Jagdish Moolchandani as Executive Director of the Company of the Company with effect from 28.09.2021
-
- Re-appointment of MIs Dayal & Maur, Company Secretaries, New Delhi as Secretarial Auditors of the Company for the Financial Year 2021-22
The above information will also be available on the Company's Website, www.archiesonllne.com .
The meeting of the Board of Directors commenced on 12:05 P.M. and concluded at 01:24 P.M.
Please take the above on records .•
Thanking you.
Yours sincerely
For Archies limited
Hitesh Kumar (Company Secretary & Compliance Officer)
ARCH IES LI:\~ITED
C -113. NARAINA INDUSTRIAL AREA. PHASE· t. NEW DELHI·110028 (lNDIAI CIN . U6S99HH' "!4()PLC:l" 1 \ 15 TEL: 91-11-4141סס00, 41412222. Fax : 91-11-41410060. Ema.1 : archles<lJarr;n;flsonllne.colTl. Website : "'iWw.arch,esonlln~ com REGISTERED OFFICE: PLOT NO. 191- F. SECTOR- 4. I.MT '.'!At~£::SAR. GURUGRAM ·122050. HARYANA (JNDIA)
ARCHIES LIMITED
Statement of Unaudited financial results for the quarter ended 30 June 2021
| (र in Lakns) | |||||||
|---|---|---|---|---|---|---|---|
| PARTICULARS | Quarter Ended | Year Ended | |||||
| S.No. | 30.06.2021 | 31.03.2021 | 30.06.2020 | 31.03.2021 | |||
| Unaudited | Audited | Unaudited | Audited | ||||
| Income: | |||||||
| a. | Income from Operations | 821.34 | 2061.26 | 154.23 | 5413.90 | ||
| b. | Other Operating Income | 31.70 | 52.34 | 1.61 | 115.43 | ||
| 1 | Revenue from operations | 853.04 | 2113.60 | 155.84 | 5529.33 | ||
| Ш | Other Income | 389.61 | 297.72 | 462.50 | 2259.27 | ||
| Ш | Total Income (I + II) | 1242.65 | 2411.32 | 618.34 | 7788.60 | ||
| IV | |||||||
| Expenses Cost of Materials Consumed |
|||||||
| a. b. |
Purchase of Stock-in-Trade | 296.72 | 397.60 | 30.14 | 863.51 | ||
| 199.93 | 360.16 | 2.20 | 943.74 | ||||
| C. | Changes in inventories of finished goods, | (265.75) | 69.70 | (5.26) | 134.64 | ||
| work-in-progress and stock-in-trade | |||||||
| d. | Employee benefits expense | 260.56 | 457.92 | 178.26 | 1280.56 | ||
| e. f. |
Finance costs | 144.01 | 151.08 | 211.80 | 746.66 | ||
| Depreciation and amortisation expense | 361.14 | 391.15 | 463.18 | 1714.93 | |||
| g. | Rent | 52.85 | 89.75 | 31.38 | 185.37 | ||
| h. | Other expenses | 377.69 | 660.98 | 146.84 | 2321.59 | ||
| Total Expenses | 1427.15 | 2578.34 | 1058.54 | 8191.00 | |||
| v | Profit / (Loss) before exceptional and extraordinary | (184.50) | (167.03) | (440.20) | (402.41) | ||
| items and tax (III - IV) | |||||||
| VI | Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | ||
| VII | Profit / (Loss) before extraordinary items and | (184.50) | (167.03) | (440.20) | (402.41) | ||
| VIII | $tax (V - VI)$ | ||||||
| Extraordinary Items | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IX | Profit / (Loss) before tax (VII - VIII) | (184.50) | (167.03) | (440.20) | (402.41) | ||
| X | Tax expense: | ||||||
| a. | Current tax | 0.00 | 0.00 | 0.00 | 0.00 | ||
| b. | Deferred tax | (76.44) | (56.05) | (121.02) | (164.86) | ||
| C. | MAT Credit Entitlement | 0.00 | 0.00 | 0.00 | 0.00 | ||
| d. | (Excess)/ Short Provision for taxes for earlier years | 0.00 | 0.00 | 0.10 | 0.10 | ||
| XI | Profit / (Loss) for the period (IX - X) | (108.06) | (110.98) | (319.28) | (237.65) | ||
| XII | Other Comprehensive Income | ||||||
| А. | Item that will not be reclassified subsequently to profit | ||||||
| or loss | |||||||
| Remeasurements Gains / (Losses) of defined benefit plans | (3.27) | 19.12 | (10.36) | (19.75) | |||
| Income tax on above | 0.91 | (5.32) | 2.88 | 5.49 | |||
| Changes in revaluation surplus | 0.00 | 0.00 | 0.00 | (30.49) | |||
| Income tax on above | 0.00 | 0.00 | 0.00 | 4.01 | |||
| В. | Items that will be reclassified subsequently to profit or | ||||||
| loss | |||||||
| Income tax relating to items that will be reclassified | 0.00 | 0.00 | 0.00 | 0.00 | |||
| subsequently to profit or loss | |||||||
| Total of Other Comprehensive income | (2.36) | 13.80 | (7.48) | (40.74) | |||
| XIII | Total Comprehensive income for the period (XI+XII) | (110.42) | (97.18) | (326.76) | (278.39) | ||
| (Comprising Profit and Other Comprehensive Income for the | |||||||
| period) | |||||||
| XIV | Paid up Equity Capital (Face Value of Rs. 2/- each) | 675.62 | 675.62 | 675.62 | 675.62 | ||
| XV | Reserves excluding revaluation reserves | 8,797.44 | |||||
| XVI | Earning Per Share (EPS) in Rs. (Not Annualised) | ||||||
| a. Basic | (0.32) | (0.33) | (0.95) | (0.70) | |||
| b. Diluted | (0.32) | (0, 33) | (0.95) | (0.70) |
See accompanying notes to the financial results
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)
archies®
ARCHIES LIMITED
Segment wise Revenue, Results and Capital Employed
| $(3 \in \mathsf{In}$ Lakhs) | ||||
|---|---|---|---|---|
| Year Ended | ||||
| Particulars | 30.06.2021 | 31.03.2021 | 30.06.2020 | 31.03.2021 |
| Unaudited | Audited | Unaudited | Audited | |
| Segment Revenue | ||||
| Greeting Cards | 49.84 | 221.19 | 513.92 | |
| 1,746.81 | ||||
| Gifts | 2,924.18 | |||
| Others | 69.01 | 228.99 | ||
| Total | 821.34 | 2,061.26 | 154.23 | 5,413.90 |
| Less: Inter Segment Revenue | ||||
| Net Sales / Income from Operations | 5,413.90 | |||
| Segment Results | ||||
| Profit / (Loss) before tax and finance costs | ||||
| Greeting Cards | 3.85 | 18.28 | 48.34 | |
| Stationery | 566.19 | |||
| ø Gifts |
(14.14) | (116.44) | (199.63) | |
| Others | 3.55 | 16.29 | 48.35 | |
| Total | 46.71 | 32.26 | (150.72) | 463.25 |
| 144.01 | 151.09 | 211.79 | 746.67 | |
| 87.20 | 48.20 | 77.69 | 118.99 | |
| net off Un-allocable Income | ||||
| Total Profit Before Tax | (184.50) | (167.03) | (440.20) | (402.41) |
| Capital Employed | ||||
| (Segment Asset - Segment Liabilities) | ||||
| Segment Assets | 19,359.92 | 18,994.02 | 22.338.25 | 18.994.02 |
| Segment Liabilities | 8,712.68 | 8,236.35 | 11,655.43 | 8,236.35 |
| Capital Employed | 10,647.24 | 10,757.67 | 10,682.82 | 10,757.67 |
| 10,757.67 | ||||
| Stationery Less: i) Finance Costs ii) Other Un-allocable Expenditure Total |
427.26 275.23 821.34 53.45 10,647.24 |
Quarter Ended 642.10 1,147.95 50.02 2,061.26 114.13 10,757.67 |
8.81 45.30 84.28 15.84 154.23 (12.55) (2.70) (131.83) (3.64) 10,682.82 |
Notes $\mathbf{1}$
The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 13 August 2021.
These financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rule, 2015 as $\overline{c}$ amended 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 $\mathbf{3}$ Employed to various segments is currently not practicable.
The Statutory Auditors have carried a Limited Review of the above unaudited financial results. $\overline{4}$
Previous year's figures have been rearranged and regrouped, wherever necessary. 5
Localised lockdowns and mobility restrictions imposed by States in a bid to contain the sharp increase in daily Covid19 $6\phantom{a}$ infections in the second wave rendered the operating environment during the quarter extremely challenging and impacted the strong recovery momentum witnessed in recent quarters. The situation continues to improve with the progressive easing of restrictions and increased mobility from mid-June-21.
The Company continues to closely monitor the situation and will respond with ability to enhance its market standing while $\overline{7}$ managing risks associated with the heightened uncertainties in the business environment. Learnings in dealing with the pandemic spanning sales and distribution, innovation and product development over the last few quarters, will continue to be leveraged in this regard.
Date: 13 August 2021 Place: New Delhi
For and on behalf of the Board New Delhi Anil/Moolchandant (Chairman and Managing Director) DIN-00022693 ń.
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 C4lS SAFDARJLI\IG DEVELOPMENT AREA NEWDELHI - IIOOI6 PHONES : 19562'100 (20 lines) TELEFAX: 26511158
E-MAIL: [email protected]
LIMITED REVIEW REPORT
Review Report to The Board of Directors of Archies Limited
-
- We have reviewed the accompanying statement of unaudited financial resutts of ARCHIES LIMITED ("the Compdhy"), 191F, Sector-4, IMT Manesar, Gurugram, Haryana-1ZZO5O for the quarter ended June 30,2021 and year to date from Aprit 01 ,2071 to June 30,2021 ("the Statement"). This statement is the responsibitity of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on the statenent based on our review.
- Z. We conducted our review of the statement in accorda.nce with the Standard on Review Engagements (SRE) 2410, "Review of lnterim Financial lnformation Performed by the Independent Auditor of the Entity", issued by the lnstitute of Chartered Accountants of lndia. This standardr requires that we ptan and perform the review to obtain moderate assurance as to whether the statements are free of material misstatement. A review is timited primarity to inquiries of company personnel and analytical procedures applied to financiat data and thus provides less assurance than an audit. We have not performed an audit and accordingty, we do not express an audit opinion.
-
- Based on our review conducted as above, nothing has come to our attention that causes us to betieve that accompanying statement of unaudited financial resutts prepared in accordance with appticabte lndian Accounting Standards ("lnd AS") and other recognised accounting practices and poticies has not disctosed the information required to be disctosed in terms of Regutation 33 of the SEBI (Listing Obligations and Disctosure Requirements) Regutations,2015 inctuding the manner in which it is to be disclosed, or that it contains any material misstatement.
For and on behalf of J. P., KAPUR & UBERAI Chartered Accountants (Firm Registration No. 000593N)
fulu-*,--*,
H. S. Khurana PARTNER (Membership No. 01 7779)
Place: New Dethi Date: August 13,2471