Computer Point Ltd. — Audit Report / Information 2022

Jun 12, 2022

M/S ACHARYYA SWAPAN & CO.

53, College Street Kolkata - 700 073 Mail: asccal2007@gmail.com

NU ROAD, DICHERIA

MADIFYAMGRAM, ROLKATA

Chartered Accountants

Independent Auditors Report on Quarterly and Annual Standalone Financial Results of M/s. COMPUTER POINT LIMITED pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Requlations, 2015.

To the Board of Directors of M/s. COMPUTER POINT LIMITED

1. We have audited the accompanying statement of standalone financial results of M/s. COMPUTER POINT LIMITED ("the Company") for the quarter and year ended 31st March 2022, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI circular No: CIR/CFD/FAC/62/2016 dated July 5, 2016 and has been initialed by us for identification.

The financial results for the quarter year ended 31^st March 2022, have been prepared on the basis of the Audited financial Statements for the year ended 31st March, 2022 and the financial results for the year ended 31^st March, 2021, which were subject to limited review and are the responsibility of the company's management and have been approved by the Board of Directors of the company. Our responsibility is to express an opinion on these financial results based on our audit of the financial results as at and for the year ended 31^st March, 2022and our review of the financial results for the year ended 31^st March 2021, which was prepared in accordance with the recognition and measurement principles laid down in Accounting Standards (AS) 25, "Interim Financial Reporting", prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued there under, as applicable and other accounting principles generally accepted in India and the relevant requirements of the SEBI Regulations.

• 1. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles basis for our opinion.
• 1. In our opinion and to the best of our information and according to the explanations given to us these quarterly standalone financial results as well as the year to date results read with notes thereon:
• Are presented in accordance with 5the requirements of Regulation 33 of the $\mathbf{I}$ . SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular No: CIR/CFD/FAC/62/2016 dated July 5,2016, in this regard; and
• Gives a true and fair view of the financial performance and other financial $II.$ information for the quarter and year ended 31^st March 2022. wapan &

nartere^c

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M/S ACHARYYA SWAPAN & CO.

53, College Street Kolkata - 700 073 Mail: asccal2007@gmail.com

Chartered Accountants

1. Attention is drawn to the fact that the comparative figure for the quarter and year ended 31^st March 2022 are based on the previously issued standalone financial statements prepared in accordance with the Accounting Standards (AS) that were audited by the erstwhile auditors. The audit report dated 27th May 2022 on the audited standalone financial statement of the Company for the year ended 31^st March 2022 issued by erstwhile auditors.

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nartere^c

UDIN:

For ACHARYYA SWAPAN & CO.

Chartered Accountants

FRN.: 325797E

ADITYA SINGH

Partner

22068958AJSWBV2601

Place: Dated:

Kolkata 27.05.2022

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COMPUTER POINT LIMITED

Regd. Office: 1/18, UPPER WOOD STREET, KOLKATA-700 017 AUDITED FINANCIAL RESLUTS FOR THE QUARTER & FOR THE YEAR ENDED 31st MARCH, 2022

Rs In Lacs

		STANDALONE
			Quarter Ended			Year Ended
	Particulars
SI. No.	PART-1	31.03.2022	31.12.2021	31.03.2021	31.03.2022	31.03.2021 (Audited)
1		(Audited)	(Unaudited) 2.09	(Audited)	(Audited) 2.54	0.53
$\overline{\mathbf{2}}$	INCOME FROM OPERATIONS		33.10	9.14	164.35	129.76
3	OTHER INCOME	63.05	35.19	9.14	166.89	130.29
4	TOTAL REVENUE (1+2)	63.05
	EXPENDITURE	÷
	a) COST OF MATERIAL	43.83	18.25	2.42	98.67	68.47
	b) OTHER OPERATING EXPENSE	19.12	16.30	5.47	64.65	57.14
	c) ESTABLISHMENT EXPENSE d) DEPRECIATION	2.75		3.95	2.75	3 95
	e) OTHER EXPENSE
	TOTAL	65.70	34.55	11.84	166.07	129.56
5	PROFIT/(LOSS) FROM OPERATIONS BEFORE
	EXCEPTIONAL & EXTRAORDINERY ITEMS, TAX	(2.65)	0.64	(2.70)	0.82	0.73
6	EXCEPTIONAL ITEMS
$\overline{7}$	PROFIT/(LOSS) FROM OPERATIONS BEFORE	(2.65)	0.64	(2.70)	0.82	0.73
	FIN CHRG. EXTRAORDINERY ITEMS & TAX
8	INTEREST / FINANCIAL CHARGES			0.03		0.12
9	PROFIT/(LOSS) AFTER INTEREST BUT BEFORE	(2.65)	0.64	(2.73)	0.82	0.61
	EXCEPTIONAL ITEMS & TAX
10	EXTRAORDINERY ITEMS
11	PROFIT/(LOSS) FROM ORDINARY ACTIVITIES	(2.65)	0.64	(2.73)	0.82	0.61
	BEFORE TAX
12	TAX EXPENSE				0.21	0.16
	Deffered Tax				0.01	0.01
13	PROFIT/(LOSS) FROM ORDINARY ACTIVITIES after Tax	(2.65)	0.64	(2.73)	0.62	0.46
14	NET PROFIT/(LOSS) FOR THE PERIOD	(2.65)	0.64	(2.73)	0.62	0.46
15	OTHER COMPREHENSIVE INCOME (OCI)
16	a) Items that will not be reclassified to profit or loss	×,
17	b) Income Tax relating to items that will not
	be reclassified to profit or loss
18	TOTAL OTHER COMPREHENSIVE INCOME (OCI)
19	TOTAL COMPREHENSIVE INCOME FOR THE PERIOD	(2.65)	0.64	(2.73)	0.62	0.46
20	RESERVE EXCLUDING REVOLUTION RESERVE				341.19	340.58
21	PAID-UP EQUITY SHARE (Face Valued-Rs 10/-)	3000.13	3000.13	3000.13	3000.13	3000.13
22	EARNINGS PER SHARE (EPS) (Rs. PER SHARE)
	a) Basic/Diluted EPS before Extraordinary Items	0.00	0.00	0.00	0.00	0.00
	b) Basic/Diluted EPS after Extraordinary Items	0.00	0.00	0.00	0.00	0.00

$\mathbf{I}$

PART
	.2 PARTICULARS OF SHAREHOLDING
	PUBLIC SHAREHOLDING
	NUMBER OF SHARES				29451100
	% OF SHAREHOLDING	29451100	29451100	29451100	98.17
	Promoters & Promoter Group Shareholding	98.17	98.17		98.17
	8) Pledged/encumbered
	Number of Shares
	% of Shareholding
	Ib) Non-encumbered
	Number of Shares	550200	550200	§50200,
	% of Shares(As a % of the total Sharehoding of	1.83	1.83	1.83
	Promoters & Promoter Group)
	% of Shares (As a % of the Total Share Capital)	100.00	100.00	100.00
	NOTE: ) The Audit Committee reviewed the above Results on 24.05 2022 and the Board of Directors at ils meeting held
	on 27 05 2022 approved the results
	4) Company operates in a single segement ie. Information Technology Segment Reporting is not required
	i) Depreciation has been considered on yearly basis
	iv) Previous Year/Quarter figures are re-grouped/restated, whenever found necessary v) Details of reconciliation of net profit or loss reported in accordance with Indian GAAP to total comprehensive
	income in accordance with IND-AS is given below
				Rs. In Lac
	Description			Qty Ended	Qty Ended
				31.03.2022	31.03.2021
	Net Profil! (Loss) as per previous GAAP (Indian GAAP)			(2.65)	(2.73)]
	Profil' (Loss) for the quarter as IND-AS			(2.65)	(2.73)]
	Other Comprehensive Income (net of Income Tax)			0	o
	Total Comprehensive Profit (Loss) for the quarter			(2.65)]	(2.73)]
	A reconciliation of Equity to thal reported under Previous Generaly Accepted Accounting Principles (GAAP)
vil)	is given below:
				Rs. In Lac	]

Ib) Non-encumbered
Number of Shares	550200	550200	§50200,
% of Shares(As a % of the total Sharehoding of	1.83	1.83	1.83
Promoters & Promoter Group)
% of Shares (As a % of the Total Share Capital)	100.00
NOTE: ) The Audit Committee reviewed the above Results on 24.05 2022 and the Board of Directors at ils meeting held
on 27 05 2022 approved the results
4) Company operates in a single segement ie. Information Technology Segment Reporting is not required
i) Depreciation has been considered on yearly basis
iv) Previous Year/Quarter figures are re-grouped/restated, whenever found necessary
v) Details of reconciliation of net profit or loss reported in accordance with Indian GAAP to total comprehensive
income in accordance with IND-AS is given below
			Rs. In Lac
Description			Qty Ended	Qty Ended
			31.03.2022	31.03.2021
Net Profil! (Loss) as per previous GAAP (Indian GAAP)			(2.65)	(2.73)]
Profil' (Loss) for the quarter as IND-AS			(2.65)	(2.73)]
Other Comprehensive Income (net of Income Tax)			0	o
Total Comprehensive Profit (Loss) for the quarter			(2.65)]	(2.73)]
A reconciliation of Equity to thal reported under Previous Generaly Accepted Accounting Principles (GAAP)
is given below:
			Rs. In Lac
Description	I		Standione Qty Ended
			31.03.2022	31.03.2021
	Total Other Equity as per previous GAAP
			3,000.13	3000.13
Addi(Less) : Adjustments for GAAP difference Effect of fair valuation of Financial Assets			-	-

% of Shares (As a % of the Total Share Capital)	100.00
NOTE: ) The Audit Committee reviewed the above Results on 24.05 2022 and the Board of Directors at ils meeting held
on 27 05 2022 approved the results
4) Company operates in a single segement ie. Information Technology Segment Reporting is not required
i) Depreciation has been considered on yearly basis
iv) Previous Year/Quarter figures are re-grouped/restated, whenever found necessary
v) Details of reconciliation of net profit or loss reported in accordance with Indian GAAP to total comprehensive
income in accordance with IND-AS is given below
			Rs. In Lac
Description			Qty Ended	Qty Ended
			31.03.2022	31.03.2021
Net Profil! (Loss) as per previous GAAP (Indian GAAP)			(2.65)	(2.73)]
Profil' (Loss) for the quarter as IND-AS			(2.65)	(2.73)]
Other Comprehensive Income (net of Income Tax)			0	o
Total Comprehensive Profit (Loss) for the quarter			(2.65)]	(2.73)]
A reconciliation of Equity to thal reported under Previous Generaly Accepted Accounting Principles (GAAP)
is given below:
			Rs. In Lac	]
Description	I			Standione Qty Ended
			31.03.2022	31.03.2021
Total Other Equity as per previous GAAP			3,000.13	3000.13
Addi(Less) : Adjustments for GAAP difference			-	-
Effect of fair valuation of Financial Assets			-	-
Effect of change in treatment of Business combination				-
Effect of fair valuation of Bearer Plant				-
Effect of measuring Inventory of Finished goods as per Ind AS			-	-
Effect of recognition of Biological Asset			:	: ]
Tax adjustment on Ind AS adjustment
Equity attributable to equity holders of the Company under Ind AS			-	2

By order of thé Board".

Piace: Kolkata Date 27.05.2022

COMPUTER POINT LIMITED

EXTRACT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER & YEAR ENDED 31st MARCH,2022 [in terms of Regulation 47(1) (b) of the SEBI (LODR) Regulation 2015}

	FOR THE QUARTER & YEAR ENDED 31st MARCH,2022 [in terms of Regulation 47(1) (b) of the SEBI (LODR) Regulation 2015} Particulars	Quarter Ended 31.03.2022) 31.03.2021		Year Ended 31.03.2022}31.03.2021	Rs. In lac
Total Income from operation (net) rs		(2.65)	(2.73)	0.82	0.61
nN Net Profit/(Loss) for the peroid (before Tax, Exceptional items and /or Extraordinary items)		(2.65)	(2.73)	0.82	0.61
Net Profit/(Loss) for the peroid w (after Tax,before Exceptional items and /or Extraordinary items)		(2.65)	(2.73)	0.62	0.46
4 Net Profit/(Loss) for the peroid after Tax (after	Exceptional /Extraordinary items)	(2.65)	(2.73)	0.62	0.46
5]Other Comprehensive income for the period		0	0	0	0
6 Total Comprehensive income for the peroid including OCI after Tax		(2.65)	(2.73)	0.62	0.46
PAID-UP EQUITY SHARE (Face Valued-Rs.10/-) ~		3000.13	3000.13}	3000.13	3000.13
Other Equity ( excluding Revaluation oO Drcanin) ac chrom in the Avidited		0	0	0	0
Balance Sheet of the previous year
Q]EARNINGS PER SHARE (EPS) (Rs. PER SHARE) a) Basic/Diluted EPS
				By order of the'Board

By order of the'Board.. hire RAE Place Kolkata (Adgin) 5 si j fF] Director 7 if

COMPUTER POINT LIMITED		(Rs. in lakhs)
Standalone Statement of Assets and Liabilities	STANDALONE
Particulars	31.03.2022	31.03.2021
	(Audited)	(Audited)
ASSETS
Non-current assets 1 (a) Property, Plant and Equipment	hal	10.02
(b) Goodwill on consolidation		-
(c) Non-current investments Property
Non-current financial assets	482.00	482.00
(a) Long-term loans (b) Other non-current financial assets	18.49	18.49
Total - Non-current assets	507.76	510.51
Current assets 2
(a) Inventories	-
Current financial assets (a) Current investments
(c) Trade receivables	813.79	818.44
(d) Cash and cash equivalants	118.85	72.13
(e) Bank balance other than Cash and cash	100.45	0.30
equivalants	1,769.64	1,910.33
(f) Loans, current (g) Other current assets	53.64	46.37
Total - Current assets	2,856.37	2,847.57
TOTAL -ASSETS	3,364.13	3,358.08
EQUITY AND LIABILITIES
1/Equity (a) Equity Share capital	3,000.13	3,000.13
(b) Other equity	341.19	340.58
Total - Equity	3,341.32	3,340.71
2 Liabilities
Non-current liabilities Non-current financial liabilities
(a) Borrowings, non-current	-	-
(b) Trade payables, non-current	-	- =
(c) Other non-current financial liabilities	- 0.01	0.02
(d) Provisions, non-current
(e) Deferred govt. grants non-current (f) Other non-current liabilities
Total - Non-current liabilities	0.01	0.02
Current liabilities & financial liabilites	-
(a) Borrowings, current	-	"
(b) Trade payables, current (c) Other current liabilities	22.59	47:19
_ (d) Provisions, current	0.21	0.16
(e) Current tax liabilities
Total - Current liabilities	22.80 3,364.13	17.35 3,358.08
TOTAL - EQUITY AND LIABILITIES

COMPUTER POINT LIMITED

Ce

COMPUTER POINT LIMITED STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31.03.2022 CIN: L72200WB1984PLC152180

		Net Profit before laxes & extraordinary items
Adjustment for:
Depreciation
Interest paid
Interest received
Misc. Exp. Written off
Operating Profit before working Capital Changes
Adjustment for:
Sundry Debtor
Loans & Advances
Advances for Project
Trade Payables/Libitities
	Cash Generated from Operations:
Interest Paid
Direct Taxs Paid
Cash Flow before Extra Ordinary Items
	Less Extra Ordinary Itoms
	Net Cash Flow from Operating Activities
	Cash Flow Investing Activities:
	Purchase of Fixed Assets
Purchase for linvestments
Payment towrads GST
Payment of FBT Tax
	Interest/ Dividend Received
Misc. Exp. For Share Issue
	Net Cash used in Investing Activities
Cash Flow from Financing Activities:
Grant
Payment of Long Term Loan
Payment of Unsecured Lean
	Net Cash used in Financial Activities
		Net Increase/Decrease in Cash & Cash Equivalanet
	Cash & Cash Equivalent (Opening)
Cash & Cash Equivalent (Ending)

		(Rs.In Lacs)
Current Year		Previous Year
onded 31.03.22		ended 31.03.21
	0.82		0.61
2.75		3.95
		0.12
(104.35)		(129.76)
	(161.60)		(125.69)
	(160.78)		(125.08)
4.65		6.95
133.42		65.99
5.44		(13.47)
	143.51		59.47
	(17.27)		(65.61)
		(0.12)
(0.21)	(0.21)	(0.16)	(0.28)
	(17.48)		(65.89)
164.35		129.76
	164.35		129.76
	146.87		63.87
	72.43		8.56
	219.30		72.43