Ashima Ltd — Interim / Quarterly Report 2021

Nov 7, 2020

Regd. Office: Texcellence Complex, Near Anupam Cinema, Khokhra, Ahmedabad - 380 021, lndia. Phonez91-79-67777000 o Fax 291-79-22773061 o E-mail :texcellence@ashima.in CIN No : t99999Gf 1982PtC005253

7th November,2020

To, BSE Limited Corporate Relationshi p Department, 25th Floor, P J Towers, Dalal Street, Fort, Mumbai - 400001 sEcuRlw coDE No. 5t4286

To,

National Stock Exchange of lndia Ltd Exchange Plaza 5'h Floor, Plot no-Cft, G Block, Bandra Kurla ComPlex, Bandra (East), Mumbai - 400051' SECURITY CODE NO. ASHIMASYN

Dear Sir,

• Sub 1. Outcome of the Board meeting held on Saturday, 7th November,202O
  • 1. Unaudited Standalone and Consolidated Financiat Results for the quarter and half year both ended on 30th September,2o2o
• Ref : Regulation 30 read with Regulation 33 of sEBt (tisting obligations and Disclosure Requirements) Regulations, 2OL5 ("SEBl LODR Regulations")

with reference to the captioned subject matter, we hereby inform you that the Board of Directors of the company at its meeting held toJ.v i... 7th Novemb er, zo2o has approved the Unaudited standalone and consolidated Financial Results for the quarter and half year both ended on 30th September, 2020'

pursuant to Regulation 30 and 33 of the sEBl (LoDR), Regulations, 2015, we enclose herewith the following:

• 1,. Unaudited Standalone Financial Results of the Company for the quarter and half year both 30th September, 2020 alongwith Limited Review Report' ended on
• 1. Unaudited consolidated Financial Results of the company for the quarter and half year both 30th September,2O2O alongwith Limited Review Report' ,l K-^ ended on

The meeting of Board of Directors commenced at I t 3 rr I aln. and concluded at ll : Sq a'm'/?um'

We request you to kindly bring the above information to the notice of the members'

EtL

Visit us at http://www.ashima.in

T E x C E N c E

Thanking you, Yours faithfully, For ITED DI co SECRETARY Encl: As above ,,,{f,tei;l:lil @ i-1 & F{ t

7th Floor, Heritage Chambers Bih. Blkanerwala, Ofl S.M. Road, Nr. Azad Society, Nehru Nagar, Ahmedabad'38o 015. Phone : (B) 079 - 2647 zWO E mail : contact@mmsco.in Website : wwwmmsco.in

CrlnrERED AccouNTANTs I AHMEOABAD . MUMBAI. BANGALORE

Umited Review Report on Unaudited Quarterly Standalone Financial Results of Ashima Umited pursuant to Regulation 33 of the SEBI (Llsting Obligatlons and Disclosure Requirements) Regulations, 2015

To,

The Board of Directors, Ashima Limited Ahmedabad

• 1. We have reviewed the accompanying statement of Unaudited Standalone Financial Results of Ashima Limited ['the Company'], for the quarter and six months ended on September 30, 2020 ['the Staternent'] attached herewith, being submitted by the company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, read with SEBI Circular No. CIR/CFDIFAC/62|2OLG dated sth July, 2016 as amended by SEBI Circular No. Cl R/CFD/CM DU 44 l2O!9 dated 29th Ma rch, 2019.
• 1. This statement, which is the responsibility of the Company's Management and approved by Company's the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the lndian Accounting Standard - 34, "lnterim Financiol Reporting", prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in lndia. Our responsibility is to issue a report on this statement based on our review.
• 1. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of tnterim Fina.nciol tnformation Performed by the lndependent Auditor of the Entity'' issued by the lnstitute of Chartered Accountants of lndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as above, nothing has come to our attention that causes us to believe ' that the accompanying Statement, prepared in accordance with applicable tnd-AS preicribed under: section 133 of the CompanieS Act, 2013 read with relevant rules issued thereunder and other recognized accounting practices and policies generally accepted in lndia, has not disclosed 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 Mukesh M. Shah & Co Chartered Accountants Firm Regn. No. 106525W c,q',t" S. Shah Partner t$tiu

Membership No. 1.02651

Place: Ahmedabad

Date: November7,2020

UDIN: 20 t O165 I AFBAOC{ SS0Z

	PHONE:91-79-57777000 I FAX:91-79-22773061*texcellence@ashlma.ln
						ended
(1)
	lncome trom oPeratlons
	(a) Revenue from OPeratlons	3,587	822	6,518	4,409	14,473	28,544776
	(b) other lncome		185		413
	Tgtal lncome
2	Expenses			3,451	7,750	7347	13,545
	(a) Cost of material consumed	1,19849	5521	202	50	388
	(b) Purchase of stock-in-trade	843			544		7,L74
	icj ch.ng.s in inv.ntories of Finished goods, work-in'progress and stock-in-trade	891	650	1,183	1,541	2,2A7	4,49L
	(d) Employee benefits exPense	78	40	81	118	3
	(e) Finance costs	720	114	141	234	292
	(f) Depreciatlon and amortization expense		570
	(g) Other expenses
	Total ExpensesProfit/(Loss) befgre exceptional items and tax
34	Exceptional items
5	Prof it/(Loss) bef ore tar
5	Tar Expense
	(a) Current tax
	(b) Deferred tax
7	I Profit/(Loss) lor the Perlod
I	I other comprehensive lncome
	Items that will not be reclassified to profit or loss :
	-----Re-measurement losses on post employement defined benefit plans
	--lncome tax effect
9	Total Comprehensive lncomePaid up share capital (par value Rs.10/'each, fully paid) (See Note - 11)	19,156		19,166		19,165	19,166
10
11	Other equity excluding revaluation reserueEarnings per share [EPs] (of Rs. 1o/' each) (not annualised)						(0.
72	Basic and diluted EPS before Exceptional items [in Rs'l					(0.
	itemsEPS afterBasic and
	7rh November, 2020:The above rosults lor the Quartor and Half Year ended on Ssptembel 30,33 of tha Companies Act, 2013, and othel(lnd AS), prescribed under SectionStandards) Rules, 20extent applicable.prescribed tn SEBI's Circular ctR/cFD/CMD/1 5/201The format of the above results as	5illto	the Companies Act, 201 3.		2020 havs been prepared tn accordance with the Companies (lndian Accountingrecognised accounting practic6s and policies todated 30rh November, 2015 has been modi,ied to comply with
	requiraments ol SEBI's Circular dated 5th July, 201 6, lnd AS and Schedule ilt IDivisionCompanY have carried out a "Limited Revievy'' ol the abov6 resuhs as peI Regulation 33The Statutory Auditors of thsDisclosure Roquiremantsl Regulations, 201 5.The company has one segment of activity namely "Textiles'rearranged wherever necessary.Figures of previous periods have been regroupedlnd AS- 2 on "lncome Taxes" there is a net delened tax asset lor th0 past years and fortax as perAs regardsdeferreddelerred	laxasset.			ofthe period	ths SEBI IListing Obligationup
	matter of prudsnce, the company has not recognised tho said2020. ASaglobal pandemic. Consequently, Governmenl ol lndia dechred a nation-wide lockdown trom 24lhcovrD-19aln March 2020, the WHO declaredadv6rse impact on oporational perlormance of the company and its financial position2020.,This has anop6rations and has been striving to manage its cashflows within the limitations.The Company has been facing liquidity crunch due to suspension of		as	a	result of subdued activity ln the texlils
	resumed ils business operations onAtter lifting of the lockdown, lhe Company hadauthorities. There has been improvement tn business situation during the quarter endedbelow pre-Covid levels. Therefore, rosulls for the quarter and hall yet ended 30th Septembet 2020 ate not compatablemuchresulls.				gradual basis tn line with the guidelines issued by the30th September 2020, with recovery tn volumes, though it tsto	previous	corrosponding
	Considering the situation, the Company has reviewed the possible impacts of covlD-19made for Rs. 97 lacs as diminution tn value ol linished goods stock and Rs. 24 lacs as allowance lorapart from the provisionsthe financials ol the previous year, no furthelreceivables balancesThere has not been any significant reduction tn sales realisation during the quarter, As regards trade2020.has takennot being honoured by parties tn some casesl for which the companytn luture periods, depending on fulure developments on Covid- 9 lront and itsof now, The impact may vary	0nprovisioning has been made during the quarter and hall yeat ended 30rh September,proper		impacton	the carrying amounts of its assots and liabilities.receivables, there have been instances orlegal actions, but this does not conflrm any credit loss tn such casesthe business ol the company.	expected credit loss
234567I9	continue as going conceln. ln this unusual and difficult business situation, the Companychallenges tn its abililyThe Company does not anlicipats anymoniloring the situaliontaken measures lor effective cost management. The Company tsSocial Security, 2020 ('Code') has been approved by the Parliament and has receivedonThe Codepublished tn the Gazette of lndia, but the etfective date ol the Code has not beenonce the Code becomes etfecliv6.lhe impact of the Code and will account lol lhesame	asatLrd.	it evolves tn the future.w.bseindia.com,		Presidential assent tn Soptember 2020. It has beennotified. The Code relates to employee benefits. Th6 Company willNational Stock Exchanga	ot	to 30th September
10	at the websites of BSEThe financial resuhs ol the Company aro available
	www.nseindia.com and at www'ashima'in'
11	Figures are Iounded olf to the nearest Rupees in lacs'				FOR ASHIMA LIMITED
			funa;		N. PABIKH

sc'$'

ASHIMA LIMITED AND LIABILITIES AS AT 30TH SEPTEMBER 2020

	Particulars	As at 30/09/2020	As at 31/03/2020
		Unaudited	Audited
	ASSETS
1	Non Current Assets	13.646	13.835
	Property, Plant and Equipment	23	69
	Capital work-in-progress	23	26
	Other Intangible Assets
	Financial Assets	352	352
	(i) Investments		273
	(ii) Other Financial Assets	264	82
	Other Non-Current Assets	71
	Assets for Current Tax (Net)	581	599
	Total Non-Current Assets	14,961	15,237
$\mathbf{2}$	Current Assets	4,720	5,838
	Inventories
	Financial Assets		1,276
	(i) Investments		1,648
	(ii) Trade Receivables	1,357
	(iii) Cash and cash equivalents	1,597	1,105
	(iv) Bank Balance other than Cash and Cash Equivalents	2,104	622
		2,054	2,004
	$(v)$ Loans	341	1,200
	(vi) Other Current Financial Assets	646	834
	Other Current Assets
	Non current Assets classified as held for sale	12,820	14,526
	Total Current Assets
	TOTAL ASSETS	27,780	29,763
	EQUITY AND LIABILITIES
$\blacksquare$	Equity	19,166	19,166
	(i) Equity Share Capital	2,036	3,057
	(ii) Other Equity	21,202	22,223
	Total Equity
$\mathbf{2}$	Non-Current Liabilities
	Financial Liabilities
		2,014	2,165
	(i) Borrowings	77
	(ii) Other Financial Liabilities
	Provisions	2,091	2,252
	Total Non-Current Financial Liabilities
3	Current Liabilities
	Financial Liabilities
	Borrowings(i)
	(ii) Trade Payables
	total outstanding dues of micro enterprises and small enterprises
	total outstanding dues of creditors other than micro enterprises and small enterprises	2,989	3,854
		1,373	1,225
	(iii) Other Financial Liabilities	56
	Other Current Liabilities	70	148
	Provisions	4,488	5,288
	Total Current Liabilities
	Total EQUITY AND LIABILITIES	27,780	29,763
			$\alpha$ L/ $\alpha$
		For, ASHIMA LIMITED

AHMEDABAD 07TH NOVEMBER 2020 MMMM PARIKH

Ashima Limited

Unaudited Standalone Statement of Cashllow for the half year ended September 30,2020

	Half Year Ended
Particulars		Is0, 20
Cash flow from OPerating ActivitiesProfit / (Loss) before Eixceptional items and TaxOperating (Loss)/Profit before working capital ChargesA Net Cashflow from Operating ActivitiesB Net Cashflow from lnvesting ActivitiesC Net Cash Flow from Financial ActivitiesNet lncrease/(Decrease) in cash and Gash Equivalents (A+B+C)	(1,021)(882)(14e)950492	(362)(245)(8e)19(677)(747)1,333
Cash and Cash Equivalents at the beginning of the periodat the end of theCash and Cash	1,1051	586

For, ASHIMA LIMITED

kn;rh/^ r' i

CHTNTAN N. PARIKH AHMEDABAD OTTH NOVEMBER 2O2O

{# CHATRMAN & MANAGING DI

t1^ L

7th Floor, Heritage Chambers Uh. Bikanerwala, Off S.M. Road, Nr. Azad Society, Nehru Nagar' Ahmedabad-380 015' Phone : (B) 079' 2647 2O0g E mait : contacl@mmsco'in Websile :www.mmsco.in

MUKESH M. SHAH & CO.

CHARTERED ACCOUI'l ANTS AHMEDABAD . MUMBAI. BANGALORE

Limited Review Report on Unaudited Quarterty Consolidated Financial Results of Ashima Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, zo15

To, The Board of Directors, Ashima Limited Ahmedabad

• 1. We have reviewed the accompanying statement of unaudited Consolidated financial results of Ashima Limited ['the, parent'] and M/s Shardul Garments Private Limited ['the associate'] [the Parent and its associate together referred to as 'the Group'] for the quarter and six month ended on September 30, 2020['the statement'J attached herewith, being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, IlO15, read with SEBI Circular.No, CIR/CFD/FAC/6212076 dated 5th July,2016 as amended by SEBI Circurlar No. CIR/CFD lCMDtl44l2O19 dated 29th March, 2019.
• Z. This stateme,nt, which is the responsibility of the Parent's Management and approved by the Parent's Board of Di;rectors, has been prepared in accordance with the recognition and measurement principles laid down in the lndian Accounting Standard - 34,"lnterim Finonciol Reporting", prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in lndia. Our responsibility is to issue a report on this statement based on our review.
• 1. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, ,,Review of lnterim Finonciol tnformation Peformed by the lndependent Auditor of the Entity'' issued by the tnstitute of Chartered Accountants of lndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statements are free of material misstatemerrt. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(g) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, as amended, to the extent allPlicable.

• 1. Based on our review conducted and procedures performed as stated in Paragraph 3 above and based on the consiideration of the review reports of the other auditors referred to in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prap.r.d in accordance with the recognition and measurement principles laid down in the aforesaid lnd-AS and gther accounting principles generally accepted in lndia, has not disclosed the information required to be disclosed in terms of Regulation 33 of the sEBl (i-isting obligations and Disclosure Requiremen'ts) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement'
• 1. we did not review the interim financial information of associate included in the -consolidated unaudited financial results; whose interim financial information reflect total assets of 1 NIL as at September gO, ZO2O, total revenues of { NIL Lakhs for the quarter and six months ended

7th Floor, Heritage Chambers Uh. Bikanenrala, Ofl S.M. Road, Nr. Azad Society, Nehru Nagar, Ahmedabad'380 015. Ptrori : (B) 079 - 2647 2OO0 E mail : contac'l@mmsco.in Website: www.mmsco.in

MUKESH M. SHAH & CO

CHARTER AHMEDABAO ' MUMBAI ' BANGALOBE

30, ZOZO, total net loss after tax of { O.O3 Lakhs and < 0.06 Lakhs for the quarter and six months ended September 30, 2020 respectively, total comprehensive loss of t 0.03 Lakhs and 10.06 Lakhs for the quarter and six months ended September 30, 2O2O respectlvely and net cash inflows of { NIL Lakhs for the six months ended September 30,2020, as considered in the Statement' These interim financial information have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary is based solely on the reports of the other auditors.

Our conclusion on the Statement is not modified in respect of these matters

Place: Ahmedabad

Date: November7,2020

UD|N: 2 o 1026Sl AhAFr} H 8> tg

For Mukesh M. Shah & Co Chartered Accountants Firm Regn. No. 1.06625W g-Q4 S. Shah Partner Membership No.102551 X.ritlg. Cirrtctl. tbllu N.!.r. Aroilwadi

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED ON 30TH SEPTEMBER, 2020Half Year endedQuarter ended30/09/2020 30/06/2020 30/09/2019 30/09/2020 30/09/2019 31/03/2020Particulars(7)(6)(5)(4)(3)(2)UnauditedUnaudited Unaudited UnauditedUnauditedIncome from Operations4,40914,4736,5188223,587(a) Revenue from Operations413218186125227(b) Other Income14,6916,6434,8231,0093,814Total IncomeExpenses7,3873,4511,7505521,198(a) Cost of material consumed3882025049-1(b) Purchase of stock-in-trade(159)(310)544(299)843(c) Changes in inventories of Finished goods, work-in-progress and stock-in-trade2,2811,5416501,183891(d) Employee benefits expense11881340$-78$(e) Finance costs234292114141120(f) Depreciation and amortization expense4,8612,2221,6075701,037(g) Other expenses15,0535,8441,6296,9704,214Total Expenses(362)(1,021)(327)(621)(400)Profit/(Loss) before exceptional items and tax0(0)(0)(0)(0)Share of Profit/(Loss) of Associate(362)(1, 021)(621)(327)(400)Profit/(Loss) before exceptional items and taxExceptional items:(362)(1, 021)(327)(621)(400)Profit/(Loss) before taxTax Expense(a) Current tax(b) Deferred tax(1, 021)(362)(621)(327)(400)Profit/(Loss) for the periodOther Comprehensive IncomeItems that will not be reclassified to profit or loss :----- Re-measurement losses on post employement defined benefit plans-----Income tax effect(1,021)(362)(327)(621)(400)Total Comprehensive Income19,16619,16619,16619,16619,166Paid up share capital (par value Rs.10/- each, fully paid) (See Note - 11)Other equity excluding revaluation reserveEarnings per share [EPS] (of Rs. 10/- each) (not annualised)(0.19)(0.53)(0.32)(0.17)(0.21)Basic and diluted EPS before Exceptional items [in Rs.](0.19)(0.53)(0.17)(0.32)(0.21)Basic and diluted EPS after Exceptional items [in Rs.]These financial results have been reviewed by the Audit Committee and have been approved by the Board of Directors at their respective meetings held on 7thNovember, 2020.The above results for the Quarter and Half Year ended on September 30, 2020 have been prepared in accordance with the Companies (Indian Accounting Standards)Rules, 2015 (Ind AS), prescribed under Section 133 of the Companies Act, 2013, and other recognised accounting practices and policies to the extent applicable.The format of the above results as prescribed in SEBI's Circular CIR/CFD/CMD/15/2015 dated 30th November, 2015 has been modified to comply with therequirements of SEBI's Circular dated 5th July, 2016, Ind AS and Schedule III [Division II] to the Companies Act, 2013.The Statutory Auditors of the Company have carried out a "Limited Review" of the above results as per Regulation 33 of the SEBI [Listing Obligation and DisclosureRequirements] Regulations, 2015.The company has one segment of activity namely "Textiles".Figures of previous periods have been regrouped / rearranged wherever necessary.As regards deferred tax as per Ind AS-12 on "Income Taxes", there is a net deferred tax asset for the past years and for the period up to 30th September, 2020. As amatter of prudence, the company has not recognised the said deferred tax asset.In March 2020, the WHO declared COVID-19 a global pandemic. Consequently, Government of India declared a nation-wide lockdown from 24th March 2020. This hasan adverse impact on operational performance of the company and its financial position as a result of subdued activity in the textile market. The Company has beenfacing liquidity crunch due to suspension of operations and has been striving to manage its cashflows within the limitations.After lifting of the lockdown, the Company had resumed its business operations on a gradual basis in line with the guidelines issued by the Government authorities.There has been improvement in business situation during the quarter ended 30th September, 2020, with recovery in volumes, though it is still much below pre-Covidlevels. Therefore, results for the quarter and half yer ended 30th September 2020 are not comparable to previous corresponding period results.Considering the situation, the Company has reviewed the possible impacts of COVID-19 on the carrying amounts of its assets and liabilities. Accordingly, apart from theprovisions made for Rs.197 lacs as diminution in value of finished goods stock and Rs.124 lacs as allowance for expected credit loss on receivables balances in thefinancials of the previous year, no further provisioning has been made during the quarter and half year ended 30th September, 2020. There has not been any significantreduction in sales realisation during the quarter. As regards trade receivables, there have been instances of cheques not being honoured by parties in some cases, forwhich the company has taken proper legal actions, but this does not confirm any credit loss in such cases as of now. The impact may vary in future periods, dependingon future developments on Covid-19 front and its impact on the business of the company.The Company does not anticipate any challenges in its ability to continue as going concern. In this unusual and difficult business situation, the Company has takenmeasures for effective cost management. The Company is monitoring the situation as it evolves in the future.The Code on Social Security, 2020 ('Code') has been approved by the Parliament and has received Presidential assent in September 2020. It has been published in theGazette of India, but the effective date of the Code has not been notified. The Code relates to employee benefits. The Company will assess the impact of the Code andwill account for the same once the Code becomes effective.The Consolidated results include results of an associate company accounted for using the equity method.The financial results of the Company are available at the websites of BSE Ltd. at www.bseindia.com, National Stock Exchange of India Ltd. at www.nseindia.com and atwww.ashima.in.Munda Paulo		(Rs. in lacs, except per share data)			E.MAIL : texcellence@ashima.in # PHONE:91-79-67777000 # FAX:91-79-22773061
Sr.No.12 13456789	Year ended
(1)9
	(8)Audited
	28,544776
	29,320
	13,545
	6721,174
	4,491
	203
	5379,036
	29,658
	(339)
	0(338)
	(338)
1011121314NOTES:1.2345.678	(338)
	(93)
	(431)
	19,166
	(0.18)
	(0.18)
101112 Figures are rounded off to the nearest Rupees in lacs.
CHINTAN N. PARIKHAHMEDARAD

AHMEDABAD7 TH NOVEMBER, 2020

CHINTAN N. PARIKHCHAIRMAN & MANAGING DIRECTOR

$\mathbb{C}$

$\bullet$

ASHIMA LIMITED

CONSOLIDATEO STATEMENT OF ASSETS AND LIABTLITIES AS AT 3OTH SEPTEMBER 2O2O

			ln
		at	As at 31
	Non Current Assets	6463	3,835
	Property, Plant and EquiPment	23	69
	Capital work-in-progress	23	26
	Other lntangible Assets
	Financial Assets
	(i) lnvestments	219	21q
	(ii) Other Financial Assets	264	273
	Other Non.Current Assets	71	82
	Assets lor Cunent Tax (Net)
	Total Non-Current Assets	14,828	15,104
	2 Current Assets	4,720	5,838
	lnventories
	Financial Assets		1,276
	(i) lnvestments
	iiil rraue Receivables	1,357	1,648
	(iii) Cash and cash equivalents	1,597	1,105
	(iv) Bank Balance other than Cash and Cash Equivalents	2,104	622
	(v) Loans	2,O54	2,004
	(vi) Other Cunent Financial Assets	341	1,200
		646	834
	Other Current Assets
	Non current Assets classified as held for sale
	Total Current Assets
	TOTAL ASSETS
B	EOUITY AND LIABILITIES
	1 Equity
	(i) Equity Share CaPital	1'9,166	19,166
	(ii) Other EquitY		924
		21	22,09O
	Total Equity
	2 Non-CurrentLlabilitles
	Financial Liabilities	2,014	2,1 65
	(i) Borrowings
	(ii) Other Financial Liabilities	77	88
	Provisions
	Total Non-Current Flnancial Liabilities	2,O91	2,252
	3 Current Llabilities
	Financial Liabilities(i) Borrowings
	(ii) Trade Payables
	total outsianding dues of micro enterprises and small enterprises
	total outstanding dues of creditors other than micro enterprises and small	2,989	3,854
	(iii) Other Financial Liabilities	1,373	1,225
	Other Current Liabilities	56	61
	Provisions
	Total Current Liabilities	4,488
	Total EQUITY AND LIABILITIES

For LIMITED frlil,l/d CHINTAN N. PARIKH AHMEDABAD

()TTH NOVEMBEB 2O2O

CHATRMAN & MANAGING DI

Ashima Limited

Unaudited Consolidated Statement of Cashflow for the hall year ended September 30'2020

	Half Year Ended
Parti	30'	I
Cash flow from Operating ActivitiesProfit / (Loss) before Exceptional items and TaxOperating (Loss)/Profit before working capital ChargesA Net Cashllow from Operating ActivitiesB Net Cashflow from lnvesting ActivitiesC Net Cash Flow from Financial ActivitiesNet lncrease/(Decrease) in cash and cash Equivalents (A+B+C)Cash and Cash Equivalents at the beginning ol the perioduivalents at the end of theCash and Cash	(1,021)(882)(14e)9504921,1051 597	(362)(245)(8e)19(677)(747)1,333586

For, ASHIMA LIMITED

At'rmedabad (i( fn fun4/il",

s CHAIRMAN & MANAGING DIR R CHINTAN N. PARIKH

,4