CREATIVE NEWTECH LIMITED — Annual Report 2021

Jun 18, 2021

18th June, 2021

To, National Stock Exchange of India Ltd ., Exchange Plaza, C-l, Block G, Ba ndra Kurla Complex, Bandra (E) Mumbai - 4 00 051

Symbol: CREATIVE

Sub: Outcome of Board Meeting held on i.e. 18th June. 2021

Dear Sir,

In comp liance with th e provision s of Regulation 33 read with Regu lation 30 of SEB I (Listing Obligations & Disclosure Require me nts) Regulati ons, 2015, we wo uld like to inform you r goo d office that th e Board of Directors, in the ir meeting held today i.e. June 18,2021 at the Registered Office of the Compa ny and th rough other audio-visual mean s at 03:00 P.M. and wh ich concl uded at 07:30 P.M., has inter alia conside red and approved the following business:

1. Conside re d and App roved Sta nda lone and Conso lidated Finan cial Resul ts for the four th quarter (Period from 01" January. 2021 to 31st March, 2021) and full financial year (Period from 01st April, 202 0 to 31st March. 202 1), as per Regulation 33(5) of Securities and Exchange Board of Indi a (Listing obligation and Disclosure Requirements) Regulation, 2015.

Following are enclosed for your reference:

• a. Declaration of Unmodified Opinion
• b. Auditors' Rep ort on Sta nda lone and Consolidated Financial Resul ts
• c. Sta nda lone and Consolidated Finan cial Result s
• d. Standalone and Consolidated Statement of Assets and Liabilities
• e. Stan da lone and Conso lidated Cash Flow Statements
• f. Notes on Standalone and Conso lidated Finan cial Results
• g. Segme nt wise Resu lts and Revenu e for Sta ndalone and Conso lidated Results
• h. Sta tement of Cha nges in Equity

Creative Peripherals And Distribution limited

You are requested to kindly take the same in your record s.

Thanking you

Yours faithfully, For Creative Peripheral and Distribution Limited

Tcjas Doshi Company Secretary and Comp lia nce Officer

Date -18th Jun e, 202 1 Pla ce - Mumba i

End: a /a

18' h June, 2021

To, National Stock Exchange ofl ndia Ltd., Exchange Plaza, C-t, Block G, Bandra Kurla Complex, Bandra (E) Mumbai - 400051

Dea r Sir,

Sub: Declaration of unmodified opinion with r e gard to Annual Financial Results for Financial Vear ending March 31. 2021

It is her eby declared th at hereby declare that, M/ s Gupta Raj & Co., Chartered Accounta nts (FRN: 001687N) have issu ed an Aud it re port with Unmodified op inion on Audit ed Financial Resu lts of th e Comp any for th e Financial Year ende d on March 31, 20 21.

This Declaration is given pursuant to Regula tion 33(3)(d) of th e SEBI (Listing Obligations and Disclosure Requ irements) Regulat ions, 2015 as amende d and SEB I Circular No. CIR/ CFD/CMD/5 6/201 6 dat ed May 27, 2016.

You are requested to kindly take the same in your reco rds.

Thanking you,

Yours' faithfu lly,

For Creative Peripherals and Distribution Limited

Ketan Pa tel Chairman a nd Managing Director DIN - 00127633 18th June 2021, Mumbai

Creative Peripherals And Distribution Limited

G U PTA R A J & CO. C H A RT ERE D Ace 0 U N TAN T S

DELHI OFFICE : 101, KD BLOCK, PITAMPURA NEARKOHATENCLAVE METROSTATION, NEW DELHI 110034 PH. NO. 011-47018333

MUMBAI OFFICE: 2-C, MAYUR APARTMENTS, DADABHAI CROSS RD. NO.3, VILE PARLE(WEST), MUMBAI, PIN400056 PH. NO. 26210901, 26210902. AHEMDABAD OFFICE: A-307 INFINITY TOWER, CORPORATE TOWER, PRAHALAD NAGAR, AHMEDABAD PIN - 38001 5 M. NO. 9726777733

NAGPUR BRANCH: 1ST FLR, MEMON JAMAD BUILDING, NR CENTRAL BANK, MASKASATH, ITWARI, NAGPUR - 440002 M. NO. 7387811111

Independent Auditors Report

To, The Board of Directors, CREATIVE PERIPHERALS AND DISTRIBUTION LTD.

Report on the audit of the Standalone Financial Results

Opinion

We have audited t he accompanying standalone quarterly financial results of Creative Peripherals And Distribution Ltd. (the company) for the quarter ende d Ma rch 31, 2021 (the 'Statement') and year to date results for the period from April 1, 2020 to March 31, 2021, attached herew ith, being subm itted by the company pur suant to th e requirement of Regulation 33 of the sEBI (Listing Obligations and Disclosure Requireme nts) Regulations, 2015 , as amended ("Listing Regulations" ).

In our opinion and to the best of our information and according to th e explanations given to us th ese standalone financial results:

• (i). are presented in accordance with the requirements of Regulation 33 of the SEBI Regulations in th is regard; and
• (ii). give a true and fair view in conformity with th e recognition and measurement principles laid down in the applicab le accounti ng standards and other accounting principles generally accepte d in India of the net profit and ot her comprehe nsive income and other financial information for the quart er ended M arch 31,2021 as well as the year to date results for the period from Apr il 1, 2020 to M arch 31, 2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities unde r th ose Standards are further described in the Auditor's Responsibilities fo r the Aud it of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institu te of Chart ered Accountant s of Ind ia together with the ethical requirements that are relevant to our audit of th e fin ancial results und er the provisions of th e Comp anies Act, 2013 and the Rules thereunder, and we have fulfilled ou r other et hical respon sibilities in accordance wit h th ese requirements and the Code of Ethics. We believe th at the audit evide nce we have obtained is sufficient and appropria te to provi de a basis for our opin ion .

Manageme nt's Respon sib ilities for t he Standalon e Financial Results

These quart erly fin ancial results as well as th e year to date standalone financia l results have been prepared on th e basis of the interim financial statements. The Company's Board of Directors are responsible for the preparation of th ese fina ncial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with th e recognition and measurement principles laid down in Indian Accounti ng Standard 34, 'Inte rim Financial Reporting' prescribed under Sect ion 133 of th e Act read wit h releva nt rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listin g Regulations. This responsibility also includ es maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for prev ent ing and det ecting frauds and other irr egularities; selection and application 01 approp riat e accountin g policies; making judgments and esti mates th at are reasonable and pr udent; and design, imp lementation and mainte nance of adequate internal financial control s that were operati ng effectively for ensurin g the accuracy and com pleteness of th e accounting records, relevant to th e preparation and presentat ion of th e standalone financial results t hat give a true and fair view and are free from material misstateme nt, whether due to fr aud or error.

In preparing th e standal one financial results, the Board of Direct ors are respon sible for assessing th e Company's ability to conti nue as a going concern, disclosing, as applicable. matters related to goin g concern and using th e going concern basis of accounting unless the Board 01 Directors either intends to liqu idate the Company or to cease operations, or has no realistic alte rnative but to do so. The Board of Directors are also responsible for overseeing th e Company's finan cial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Financia l Results

Our objectiv es are to obtai n reason able assurance about whether the standalone financial results as " whole are fr ee from materi al mi sstatement, wh eth er due to fraud or error, and to issue an audito r's rppnrt tha t includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accord ance with SAs will always detect a material misstatement whe n it exists. Misstatements can arise from fr aud or erro r and are considered material if, individu ally or in the aggregate, they could reasonably be expect ed to influence th e economic decisio ns of users taken on th e basis of these standalone financial results.

As part of an audit in accordance with SAs, we exercise professio nal judgm ent and maintain professionai skept icism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the standa lone financial result s, whe ther due to fraud or error, design and perf or m audit procedures responsive to those risks, and obtain audit evide nce that is sufficient and appropriate to provide a basis for our op inion. The risk of not det ecting a material mi sstate ment result ing fro m fraud is higher th an for one resulting from erro r, as fraud may Involve collusion, forg ery, int enti onal om issions, mi srepr esentations, or th e overr ide of int ernal control.

• Obtain an unde rstanding of internal control rel evant to the audit in order to design audit procedures that are appropriate in the circums tance s, but not for the purpose of expressing an opinion on th e effectiveness of the company's inte rnal control.

• Evaluate th e appropriate ness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.

• Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evide nce obtai ned, whether a mate rial uncertainty exists related to events or conditi ons that may cast significant doubt on the Compa ny' s abilit y to conti nue as a going concern . If we conclude tha t a material uncert ainty exists, we are requ ired to draw attention in ou r auditor's report to th e related disclosures in the financial results or, if such disclosures are inadequate, to modify ou r opinion. Our conclu sions are based on th e audit evidence obtained up to the date of ou r audito r's report. However, future events or condit ions may cause the Company to cease to cont inue as a going concern .

• Evaluate the overall presentation, structure and cont ent of th e standalone financial rasulre. including the disclosures, and whether th e fin ancial results represent th e und erlying tr ansaction s and events in a manner tha t achieves fair present ation.

We communicate with those charged with governance regardi ng, among other matters, the planned scope and timing of the audit and significant aud it findings, including any significant defici encies in internal control that we identify during our aud it.

We also provide those charged with governance with a state ment that we have com plied with relevant ethical requi reme nts regarding ind epen dence, and to communicate with th em all relationships and other matt ers th at may reasonably be th ought to bear on our independence, and where applicable, related safeguards.

Other M atter

The standalone annual fi nancial results include th e results for th e quarter ended March 31, 2021 being the balancing figure between the audited figures in respect of the full financial year and the published unaud ited figures for the third qua rter ended December 31, 2020 of t he current finan cial year (whic h are cert ified by th e mana gement).

I , '.'

PLACE: MUMBAI DATED: 18/06/2021 UDIN: 21112353AAAAD09605

FOR GUPTA RAJ & CO. CHARTERED ACCOUNTANTS FIRM NO. 001687N

NIKUL JALAN

PARTNER Membership No.112353

-,

I , .. '.:.' . ' . , /

CREATIVE PERIPHERALS AND DISTRIBUTION LIMITED Standalone Audited Balance Sheet as at Mar 31, 2021

Standalone Audited Balance Sheet as at Mar 31, 2021	(Amt in Rs. Lakhs)
Particulars	As at31-Mar-21(Audited)	As at31-Mar-20(Audited)
ASSETS
Non-Current Assets
(a) Property, Plant and Equipment	984.98	889.17
(b) Intengible Assets	21.60
(c) Financial Assets
Investments(i)	49.46	155.13
(ii) Other Financial Assets
(d) Deferred Tax Assets (Net)	9.45	11.56
(e) Other Non Current Assets	0.03	1.01
Total Non - Current Assets	1,065.52	1.056.87
Current Assets
(a) Inventories	5,958.82	5,922.15
(b) Financial Assets
(i) Trade Receivables	5,409.06	3.859.31
(ii) Cash and Cash Equivalents	16.27	14.67
(iii) Bank Balances other than (ii) above	399.46	336.24
(v) Other Financial Assets	3.59	2.09
(c) Other Current assets	5,942.85	4,112.30
Total Current Assets	17,730.05	14,246.76
TOTAL ASSETS	18,795.57	15,303.63
EQUITY AND LIABILITIES
Equity
(a) Equity Share Capital	1,160.00	1.160.00
(b) Other Equity	4,112.36	3,052.40
Total Equity	5,272.36	4,212.40
LIABILITIES
Non-Current Liabilities
(a) Financial Liabilities
(i) Borrowings	342.05	606.86
(b) Provisions	78.86	68.79
Total Non - Current Liabilities	420.91	675.66
Current Liabilities
(a) Financial Liabilities
(i) Borrowings	3.950.33	2,579.76
(ii) Trade Payables
- total outsatnding dues of micro enterprises and small enterprises
- total outsatnding dues of creditors other than micro enterprises and small	4,349.68	3,137.16
enterprises
(iii) Other Financial Liablities	2.956.16	2,506.16
(b) Other Current Liabilities	1,695.94	2,117.00
(c) Provisions	13.85	12.04
(d) Current Tax Liabilities (Net)	136.34	63.44
Total Current Liabilities	13,102.30	10,415.57
TOTAL EQUITY AND LIABILITIES
	18,795.57	15,303,63

For Creative Peripherals and Distribution Limited

$\overline{1}$ ł Cotule

Ketan Patel Chairman and Managing Director DIN - 00127633 18th June 2021, Mumbai

Creative Peripherals And Distribution Limited

CREATIVE PERIPHERALS AND DISTRIBUTION LIMITED

Audited Standalone Statement of Profit and Loss for the Quarter and Year ended Mar 31, 2021

					(Amt in Rs. Lakhs)
		For the		For the	For the
Particular		Quarter Ended		Year Ended	Year Ended
	31-Mar-21	31-Dec-20	31-Mar-20	31-Mar-21	31-Mar-20
	(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
Revenue from Operations	17,546.85	15.823.54	12.816.71	50.930.06	45, 117, 37
Other Income	167.86	375.62	17.88	617.35	131.00
Total Income	17,714.71	16,199.16	12,834.58	51,547.41	45,248.37
Expenses
Purchases of Stock in Trade(a)	16,387.87	16.051.28	11.404.32	46,788.85	43,304.23
(b)Changes in inventories of finished goods and work-in
progress	(312.37)	(1,326.66)	21.24	(36.67)	(3, 143.30)
Employee Benefits Expenses(c)	268.60	250.59	247.33	859.52	899.41
(d)Finance Costs	152.25	123.63	120.09	464.58	476.35
Depreciation and Amortisation Expense(e)	30.47	25.07	26.95	102.44	85.89
Other Expenses(f)	646.88	572.98	848.37	1,930.07	2,382.51
Total Expenses	17, 173.70	15,696.89	12,668.29	50,108.79	44,005.08
Profit/(Loss) before Tax	541.01	502.27	166.29	1,438.62	1,243.29
Tax Expense
Current Tax(a)	136.16	126.41	73.87	362.07	336.91
Tax adjustments relating to prior years(b)
Deferred Tax(c)	2.61	(1.33)	(0.16)	1.55	1.94
Total Tax Expense	138.77	125.08	73.71	363.62	338.84
Profilt/(Loss) for the year	402.24	377.19	92.58	1,075.00	904.45
Other Comprehensive Income
Items that will not be reclassified to profit or loss(i)
Remeasurements of Defined Benefit Plans(a)	8.21	(4.25)	1.30	3.96	(2.24)
Income Tax on above(b)	(1.00)		(0.33)	(1.00)	0.56
Items that will be reclassified to profit or loss(11)
Total Other Comprehensive Income for the year	7.21	(4.25)	0.97	2.96	(1.68)
Total Comprehensive Income for the year	409.45	372.94	93.55	1,077.96	902.77
Earnings per Equity Share of Rs. 10 par value :
Basic (Rs. per share)	3.42	3.21	0.81	9.18	7.78
Diluted (Rs. per share)	3.42	3.21	0.81	9.18	7.78

For Creative Peripherals and Distribution Limited

CALILLE Tetuur

Ketan Patel Chairman and Managing Director DIN - 00127633 18th June 2021, Mumbai

Creative Peripherals And Distribution Limited

CREATIVE PERIPHERALS AND DISTRIBUTION LIMITED

Audited Standalone Statement of Cash Flow for the Year ended March 31, 2021

		(Amt in Rs. Lakhs)
Particulars	For the Year ended	For the Year ended
	Mar 31,2021	Mar 31, 2020
A. CASH FLOW FROM OPERATING ACTIVITIES
Profit / (Loss) Before Tax	1,438.62	1,243.29
Adjustments for
Depreciation and Amortisation	102.44	85.89
Finance Cost	339.66	380.17
Interest on late payment	0.97	(6.87)
Interest on FD and ICD	(21.82)	(35.13)
OCI Amount
Previous year Non Cash Adjustment
Provisions for expense	16.28	12.83
Operating Profit Before Working Capital Changes	1,876.15	1,680.18
Adjustments for increase / decrease in:
Trade receivables	(1,549.75)	545.21
Other Financial Assets and other Current Assets	(1,831.07)	(833.94)
Inventories	(36.67)	(3, 143.30)
Trade payable, Other Financial & Current Liabilities	1,241.11	2,943.49
Other Non Current Assest	(300.23)	1,191.64
Cash generated from operations	(289.61)	(322.52)
Income-tax (paid) / refund (net)Net cash flow from operating activities	(589.84)	869.12
B. CASH FLOW FROM INVESTING ACTIVITIES
Purchase of PPE, intangible assets and work in progress	(219.86)	(82.26)
Purchase of PPE-Adjustment	(0.09)
Purchase of Investments		(31.22)
Income from Investments i.e. FD and ICD	21.82	42.00
Receipt from ICD		$\overline{a}$
Sale of Investments	105.67
(Investment) & Redemption in bank deposit (having maturity more than 3 months)	(63.22)	(91.35)
Net cash flow (used in) investing activities	(155.68)	(162.83)
C. CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from Long-term Borrowings
Proceeds from Short-term Borrowings
	(264.81)	(138.00)
Repayment of Long-term Borrowings	1,370.57	(265.79)
Repayment of Short-term Borrowings (net)
Share Application money pending allotment	(340.63)	(380.17)
Finance Cost Paid	(18.01)	(21.71)
Dividend and DDT Paid	747.12
Net cash flow from financing activities		(805.67)
Net increase / (decrease) in cash and cash equivalents	1.60	(99.38)
Cash and cash equivalents as at the beginning of the year	14.67	114.05
Exchange difference on translation of Foreign currency
Cash and cash equivalents as at the end of the year	16.27	14.67

For Creative Peripherals and Distribution Limited

return follum

Ketan Patel Chairman and Managing Director DIN - 00127633 18th June 2021, Mumbai

Creative Peripherals And Distribution Limited

NQtes Qn StandalQne Financial Results:

• 1. The audited fina ncia l results of th e Compa ny for the year ende d March 31, 2021 have be en reviewed by the Audit Committee of th e Board and approved by the Board of Directors at its meetings held on 18th June, 2021.
• 1. The resu lts for th e yea r ende d March 31, 20 21 are availabl e on th e National Stock Excha nge website (URL: www.nse india.corn] and on the Company's website URL: www.ecreativeindia.corn .
• 1. These financia l results have be en prepared in accordance wit h the re cognition and measuremen t prin ciples of Indian Accounting Sta nda rds ("Ind AS") prescribed und er Section 133 of th e Compa nies Act, 2013 read with the relevant rul es issued there under and th e other acco unt ing principles gene rally accepted in India.
• 1. The figures for th e corresponding previous period have been regrouped / reclassified wherever necessary, to make th em compara ble. The figures for qua rter ended 31st March, 2021 are ba lancing figures between the audited figures of the full financial yea r and the reviewed yea r-to-date fi gures up to the third quarter of th e fina ncial yea r.
• 1. lis pe r sec tion 135 of th e Compa nies Act, 2013, amount required to be spent by the Company on Corporate Social Responsibility (CSR) activities dur ing the yea r wa s Rs. 16.70 Lakh s.

During th e yea r ende d March 2021 th e company has pa id Rs, 17.00 Lakh s towa rds expen diture on educational activity as CSR expenditure and the same is charge d to Statement of Profit & LQSS Account for the year.

Creative Peripherals And Distribution Limited

1. The COVID-19 out break has deve loped rapidly in India and across the globe . Measures taken by th e Government to conta in the virus, like lock-downs and other measures, have affected economic activity and cause d disruption to regular business operations. The Company has assessed the potential imp act of Covid-1 9 on its cap ita l and fina ncia l resou rces, profitability, liquidity position, ability to se rvice debt and other fina ncing arra nge me nts, supply cha in and demand for its se rvices. Various ste ps have been initiated to ra ise finances fro m banks and institutions for working capita l needs and long term fund requiremen ts and the Company is in a comfortable liquidity positio n to meet its commitme nts.

The Company has also assessed the potential impact of Covid-19 on the carrying value of property, plant & equipme nt, right of use assets, inta ngib le assets, investments, trad e receivab les, inven tori es, and ot her current asse ts appearing in its finan cial statements. In developing the assump tions and estima tes relating to the fut ure uncertainti es in the economic conditions because of th is pandemic, the Comp any as at th e date of approval of these Financial state me nts has used internal and externa l sources of information and based on curre nt estima tes, expects to recover the carrying amo un ts of th ese assets. The impact of the global hea lth pandemic may be different from that estima ted as at the date of approval of these financi al stateme nts and th e Compa ny will continue to closely monitor any mate rial changes to future econo mic conditions.

For Crea tive Peripherals and Distrib ution Lim ited

Ketan Pa tel Chairman and Managing Director DlN · 00127633 18th June 2021, Mumbai

Creative Peripherals And Distribution Limited

CREATIVE PERIPHERALS AND DISTRIBUTION LIMITED

Audited Standalaone Segment wise Revenue and Results For Quarter and Year Ended Mar 31, 2021

		Quarter Ended			(AMILIN RS. LAKIS)
				Year Ended
Particulars	$31-Mar-21$	31-Dec-20	31-Mar-20	$31-Mar-21$	31-Mar-20
	(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
Segment Revenue
- Imaging	1,774.51	2,304.88	4,803.50	7,978.61	19,608.22
$-IT$	8,115.58	7,405.49	5,080.21	25,596.39	19,167.35
- Others (Lifestyle, Security etc.)	7,656.76	6,113.17	2,932.99	17,355.06	6,341.79
Revenue from Operations	17,546.85	15,823.54	12,816.70	50,930.06	45,117.37
Segment Results
Net Revenue from each segment after deducting allocable cost
- Imaging	330.27	277.03	344.37	958.10	2,459.53
$-IT$	957.46	625.29	619.97	2,338.31	2,077.54
- Others (Lifestyle, Security etc.)	183.62	196.61	426.81	881.47	419.37
Total	1,471.35	1,098.93	1,391.15	4,177.88	4,956.45
Less: Finance Cost	152.25	123.63	120.09	464.58	476.35
Less: Unallocable cost Including Unallocated Revenue	778.09	473.03	1,104.77	2,274.68	3,236.80
Total Profit before Tax	541.01	502.27	166.29	1,438.62	1,243.29

CREATIVE PERIPHERALS AND DISTRIBUTION LIMITED

Audited Standalone Segment wise Assets and Liabilities as on Mar 31,2021

	Quarter Ended			Year Ended
Particulars	31-Mar-2031-Dec-2031-Mar-21		31-Mar-21	31-Mar-20
	(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
Segment Assest
- Imaging	1,194.46	1,130.80	3,116.78	1,194.46	3,116.78
$-IT$	7,333.51	6,054.95	4,040.74	7,333.51	4,040.74
- Others (Lifestyle, Security etc.)	1,171.12	1,194.60	541.10	1,171.12	541.10
Total Segment Assets	9,699.09	8,380.35	7,698.62	9,699.09	7,698.62
Segment Liabilities
- Imaging	$-295.41$	$-989.14$	$-310.17$	$-295.41$	$-310.17$
$-1T$	3,642.19	2,569.93	2,572.52	3,642.19	2,572.52
- Others (Lifestyle, Security etc.)	21.43	341.74	344.80	21.43	344.80
Total Segment Liabilites	3,368.21	1,922.53	2,607.15	3,368.21	2,607.15

Note - Accounts receivable payble are taken at net of advances received from customer and advance paid to vendor

For Creative Peripherals and Distribution Limited

Ceturin Teiture

Ketan Patel Chairman and Managing Director DIN - 00127633 18th June 2021, Mumbai

Creative Peripherals And Distribution Limited

G U PTA RAJ & CO. C H A R T ER E D Ace 0 U N TAN T 5

DELHI OFFICE : 101, KD BLOCK, PITAMPURA NEARKOHAT ENCLAVE METRO STATION, NEW DELHI 110034 PH. NO. 011-47018333

MUMBAI OFFICE: 2-C, MAYU RAPARTMENTS, DADABHAI CROSSRD. NO.3, VILEPARLE(WEST), MUMBAI, PIN 400056 PH. NO. 26210901, 26210902.

AHCMDAOAD OffiCE: A-3 07 INFIN ITY TOWER, CORPORATE TOWER, PRAHALAD NAGAR, AHMEDABAD PIN - 380015 M . NO. 9726777733

NAGPUR BRANCH : 1ST FLR, ME MON JAMAD BUILDING, NR CENTRAL BANK, MASKASATH, ITWARI, NAGPUR - 440002 M. NO. 7387811111

Independent Audit ors Report

To, The Board of Directors, CREATIVE PERIPHERALS AND DISTRIBUTION LTD.

Report on the audit 01 the Consolidated Financia l Results

Opinion

We have audit ed the accompa nying consolidated financial result s of Creat ive Periphera ls And Distri but ion ltd. (hereinafter referr ed to as t he 'Holding Company') and its subsidiary (Holding Company and its subsidiary togeth er referred to as "the Group") for th e year ended March 31, 2021, attached herewith, being submitt ed by the Holding company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201S, as amended ("Listing Regulations").

In our opinion and to th e best of our informat ion and accord ing to th e explanations given to us, the aforesaid consolidated financial results:

• (i) include the annual financial results of the foll owing enti ty :
  • Creative Peripherals and Dist. ltd. (Hong kong)
  • Secure Connection Limit ed (Hon g kong)
• [i i) are presented in accordance with t he requirements of Regulation 33 of th e Listing Regulat ions in this regard; and
• (iii) give a true and fair view in confo rmit y with appl icable accounting standards and ot her accounting principles generally accepted in India of the net pro fit and other com prehensive income and other financial information of the Group for the year ended M drch 31, 2021.

Basis for Opinion

We conducted our audit in accorda nce with the Standard s on Audit ing (SAs) specified under section 143(10) of the Compan ies Act, 2013 (the Act). Our respon sibilities unde r t hose Standards are fur t her described in the Auditor's Responsibilities for the Audit of th e Consolida ted Financial Results secti on of our repo rt . We are independent of the Comp any in accordance with th e Code of Ethics issued by the Institute of Chartered Accounta nts of Indi a to gether with t he ethical requirements that arc relevant to our audit of th e fin ancial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfil led our oth er et hical responsibilities in accordance with these rp'l " irpmpnt< rl thn Cod" of Ethics. We believe that th e audit evidence obtained by us and ot her audi tor s in terms of their report s, is sufficient and approp riate to prov ide a basis for our opinion .

Board of Director's Responsibilities for the Consolidate d Financial Results

These Consolidated Financial results have been prepared on the basis of consolidated annual financ ial statements. The Holding Company' s Board of Directors are responsible for th e preparation and presentation of th ese consol idated financial result s that give a true and fair view of the net profit and other comp rehensive income and other financia l information of the Group in accordance with th e Indian Accou nti ng Standar ds prescrib ed unde r Section 133 of th e Act read with relevant rules issued thereunder and other accounting principles gene rally accepted in India and in compliance with Regulation 33 of th e Listing Regulations. This responsibili ty also includes maintenance of adequa te accounting records in accordance with the provisions of the Act for safeguard ing of th e assets of th e Compa ny and for preventing and detecting frauds and other irregularities; selection and appl ication of appropriate accountin g policies; making judgment s and esti mates th at are reasonable and prudent; and design, imp lementation and maintenance of adequate int ern al fin ancial controls that were ope rating effectively for ensuring th e accuracy and completeness of th e accounting record s, relevant to th e preparation and presentation of the consolidated Financial result s that give a true and fair view and arc free from material misstatement, whether due to fraud or error.

In prep aring the conso lida ted financial results, the Board of Director s are respon sible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using t he going concern basis of accounting unless th e Go ard of Direct ors either inte nds to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Board of Directors are also responsible for overseeing the Group's financial reporting process.

Auditor's Responsibilities for the Audit of th e Consolidated Financia l Results

Our objectives are to obtain reasonable assurance about whether th e conso lidated financiai results as a whole are free fro m material misstate ment, whether due to fraud or error, and to issue an auditor's rep ort tha t includes our opinion. Rea sonab le assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a materi al misstatement wh en it exists. Misstatem ents can arise from fraud or error and are conside red material if, individually or in the aggregate, th ey could reasonably be expect ed to influe nce the economic decisions of users taken on the basis of t hese consolidated financial result s. As part of an audit in accordance wit h SAs, we exercise professional judgment and maintai n professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the consolidated financial result s, whet her due to frau d or erro r, design and perform audit procedu res responsive to t hose risks, and obtai n audit evidence that is sufficient and appropriate to provide a basis for our op inion. The risk of not detecting a material misstatement resulti ng fro m fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of interna l control.

• Obtain an understandi ng of intern al contro l relev ant to th e audit in order to design audit procedu res that are appr opriate in the circum stances. Under Sect ion 143(3) (i) of the Act, we are also responsible for expressing ou r opi nio n on whe ther the company has adequate internal financ ial controls with reference to fina ncial statements in place and the op erat ing erfectiveness of such controls

• Evaluate th e appro priateness of accounting policies used and the reasonableness of account ing estimates and related disclosures made by the Board of Directors. Conclude on th e appropriate ness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, wh eth er a materi al uncert aint y exists related to events or conditions that may cast significant doubt on th e ability of th e Group to continue as a going concern . If we conclude tha t a mat erial uncertainty exists, we are requ ired to draw attentio n in ou r auditor' s repo rt to the related disclosures in th e consolidated fin ancial results or, if such disclosures are inadequate, to modify our opinion . Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associates and jointly controlled entities to cease to continue as a going concern.

• Evaluate the ove rall presentation, str uctu re and content of the consolidated financi al results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the ent ities within the Group to express an opinion on th e consolidated Financial Results. We are responsible for th e directi on, supervision and performance of th e audit of financia l information of such enti ties included in th e consolidated financial results of which we are th e independent auditors. For the other entiti es included in the consolidated Financial Results, whi ch have been audited by other auditors, such other auditors remain responsible fo r t he directio n, supervision and performance of the audit s carried out by them. We remain solely responsible for ou r audit opini on.

We communicate wit h those charged with governance of th e Holding Company and such other entities included in consolidated financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of th e audit and significant aud it fi ndings, including any signifi cant deficiencies in internal contro l that we identify du ring our audi t.

We also provide t hose charged wit h governance w ith a statement that we have comp lied with relevant ethica l requirements regardi ng independence, and to communicate wi th them all relationships and other matters that may reasonably be though t to bear on ou r independence, and where appli cable, related safeguards. We also perform ed proce dures in accordance wit h t he circular issued by the SEBI under Regu lation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Oth er M atter

The consolidated Financial Results include th e audited Financial Result s of two subsidiary, whose Financial Stateme nts/Financial Result s/ financial information which are not audited by us wh ich reflects Group's share of total assets of Rs . 381.95 (in lakhs) as at March 31, 2021, Group 's share of total revenue of Rs. 1084.66 (in lakhs) and Group' s share of total net profit/ (loss) aft er tax of Rs.26.41 (in lakhs) for the period trom April 1, 2020 to March 31, 2021 respecti vely, as considered in the consolidated Financial Results and our opin ion on the consolidated Financial Results, in so far as it relates to th e amoun ts and disclosures included in respect of these entities, is based solely on the report of such aud itors and th e procedures performed by us are as stated in paragraph above.

Our opinion on the consolidated Financial Results is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the Financial Results/financial information certified by the Board of Directors.

The Financial Results include the results for the quarter ended March 31, 2021 being the balancing figure between the audited figures in respect of the full financial and the published unaudited figures for the third quarter ended December 31, 2020 of the current financial year (which are certified by the management).

PLACE: MUMBAI DATED: 18/06/2021 UDIN: 21112353AAAADP1591

FOR GUPTA RAJ & CO. CHARTERED ACCOUNTANTS FIRM NO. 001687N

NIKUL JALAN PARTNER

Membership No.112353

CREATIVE PERIPHERALS AND DISTRIBUTION LIMITED Audited Consoldiated Balance Sheet as at Mar 31, 2021

Audited Consoldiated Balance Sheet as at Mar 31, 2021(Amt in Rs. Lakhs)
Particulars	As at$31-Mar-21$	As at31-Mar-20
ASSETS	(Audited)	(Audited)
Non-Current Assets
(a) Property, Plant and Equipment	984.98	889.17
(b) Intengible Assets	21.60
(c) Financial Assets
(i)Investments		105.67
Other Financial Assets(ii)
(d) Deferred Tax Assets (Net)	9.45	11.56
(e) Other Non Current Assets	0.03	1.01
Total Non - Current Assets	1,016.06	1,007.41
Current Assets
(a) Inventories	5,979.21	6,029.00
(b) Financial Assets
(i) Trade Receivables	5.595.39	3,857.64
(ii) Cash and Cash Equivalents	225.19	52.32
(iii) Bank Balances other than (ii) above	399.46	336 24
(v) Other Financial Assets	3.59	2.09
(c) Other Current assets	5,958.63	4,203.00
Total Current Assets	18,161.47	14,480.29
Total Assets	19,177.53	15,487.70
EQUITY AND LIABILITIES
Equity
(a) Equity Share Capital	1,160.00	1,160.00
(b) Other Equity	4.704.43	2,974.62
Sub Total -Equity Attributable to the owners of the company	5,864.43	4,134.62
Non-Controlling Interest	303.81	(10.53)
Total Equity	6,168.24	4,124.08
Share application money pending Allotment		1,060.28
LIABILITIES
Non-Current Liabilities
(a) Financial Liabilities
(i) Borrowings	342.99	480.58
(b) Provisions	78.86	68.79
Total Non - Current Liabilities	421.85	549.37
Current Liabilities
(a) Financial Liabilities
(i) Borrowings	3.950.33	2,706.96
(ii) Trade Payables
- total outsatnding dues of micro enterprises and small enterprises
- total outsatnding dues of creditors other than micro enterprises andsmall enterprises	3,832.40	2,930.44
(iii) Other Financial Liablities	2,956.16	2,506.16
(b) Other Current Liabilities	1,698.36	1,534.92
(c) Provisions	13.85	12.04
(d) Current Tax Liabilities (Net)	136.34	63.44
Total Current Liabilities	12,587.44	9,753.97
Total Equity and Liabilities	19,177.53	15,487.70

For Creative Peripherals and Distribution Limited

THIA Column л

Ketan Patel Chairman and Managing Director DIN - 00127633 18th June 2021, Mumbai

Creative Peripherals And Distribution Limited

CREATIVE PERIPHERALS AND DISTRIBUTION LIMITED

Audited Consolidated Statement of Profit and Loss for the Quarter and Year ended Mar 31, 2021

		For the		For the	(Amt in Rs. Lakhs)For the
		Quarter Ended		Year Ended	Year Ended
Particular	31-Mar-21	31-Dec-20	31-Mar-20	31-Mar-21	31-Mar-20
	(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
Revenue from Operations	17,719.02	16,471.70	12,818.55	52,014.72	45,771.81
Other Income	167.86	375.67	4.05	617,40	134.46
Total Income	17,886.88	16,847.36	12,822.60	52,632.12	45,906.28
Expenses
Purchases of Stock in Trade(a)	16,396.46	16,551.83	11,354.23	47,367.69	43,953.49
Changes in inventories of finished goods and work-in(b)
progress	(314.76)	(1, 176.70)	28.79	133.65	(3, 250.15)
Employee Benefits Expenses(c)	264.35	250.59	247.33	859.52	899.41
Finance Costs(d)	153.60	125.20	120.57	468.80	479.68
Depreciation and Amortisation Expense(e)	30.47	25.07	26.95	102.44	85.89
Other Expenses(f)	785.17	700.16	907.35	2,398.18	2,621.51
Total Expenses	17,315.29	16,476.16	12,685.22	51,330.28	44,789.82
Profit/(Loss) before Tax	571.59	371.21	137.38	1,301.84	1,116.46
Tax Expense
Current Tax(a)	137.23	126.41	73.87	362.07	336.91
Tax adjustments relating to prior years(b)
Deferred Tax(c)	2.61	(1.33)	(0.16)	1.55	1.94
Total Tax Expense	139.84	125.08	73.71	363.62	338.84
Profilt/(Loss) for the year	431.75	246.13	63.67	938.22	777.62
Other Comprehensive Income
Items that will not be reclassified to profit or loss(i)
Remeasurements of Defined Benefit Plans(a)	8.21	(4.25)	1.30	3.96	(2.24)
Income Tax on above(b)	(1.00)	0.00	(0.33)	(1.00)	0.56
Items that will be reclassified to profit or loss(ii)
Total Other Comprehensive Income for the year	7.21	$-4.25$	0.97	2.96	$-1.68$
Total Comprehensive Income for the year	438.96	241.88	64.65	941.18	775.94
Equity Shareholders for Parent Company	444.87	256.91	37.37	957.99	786.48
Non controlling Interest	(5.91)	(15.03)	27.28	(16.81)	(10.53)
Earnings per Equity Share of `10 par value :
Basic (Rs. per share)	3.84	2.21	0.32	8.26	6.78
Diluted (Rs. per share)	3.84	2.21	0.32	8.26	6.78

For Creative Peripherals and Distribution Limited

Clear Patrick

Ketan Patel Chairman and Managing Director DIN - 00127633 18th June 2021, Mumbai

Creative Peripherals And Distribution Limited

CREATIVE PERIPHERALS AND DISTRIBUTION LIMITED

Audited Consolidated Statement of Cash Flow for the Year ended March 31, 2021

ParticularsCASH FLOW FROM OPERATING ACTIVITIES	For the Year endedMar 31,2021	For the Year endedMar 31, 2020
Profit / (Loss) Before Tax	1,301.84	1,116.57
Adjustments for
Depreciation and Amortisation	102.44	85.89
Finance Cost	339.66	383.50
Interest on late payment	0.97	(6.88)
Interest on FD and ICD	(21.87)	(35.13)
OCI Amount
Previous year Non Cash Adjustment
Provisions for expense	16.28	13.84
Operating Profit Before Working Capital Changes	1,739.32	1,557.79
Adjustments for increase / decrease in:
Trade receivables	(1, 737.75)	546.87
Other Financial Assets and other Current Assets	(1,757.13)	(924.64)
Inventories	133.64	(3,250.15)
Trade payable, Other Financial & Current Liabilities	1.515.05	2,153.68
	0.98
	(105.88)	83.55
	(289.61)	(322.62)
Net cash flow from operating activities	(395.49)	(239.07)
CASH FLOW FROM INVESTING ACTIVITIES
	(219.86)	(82.26)
	(0.09)
		$\overline{a}$
		42.01
		0.00
		18.24
		(91.35)
Net cash flow (used in) investing activities	(155.63)	(113.36)
		(137.09)
		(265.79)
		1,060
		(383.50)
		(21.71)
Net cash flow from financing activities	747.15	252.19
Net increase / (decrease) in cash and cash equivalents		$-100.24$
Cash and cash equivalents as at the beginning of the year		114.05
Exchange difference on translation of Foreign currency		38.5152.32
	Other Non Current AssestCash generated from operationsIncome-tax (paid) / refund (net)Purchase of PPE, intangible assets and work in progressPurchase of PPE-AdjustmentPurchase of InvestmentsIncome from Investments i.e. FD and ICDReceipt From ICDSale of Investments(Investment) & Redemption in bank deposit (having maturity more than 3 months)CASH FLOW FROM FINANCING ACTIVITIESProceeds from Long-term BorrowingsProceeds from Short-term BorrowingsRepayment of Long-term BorrowingsRepayment / Issue of Short-term Borrowings (net)Share Application money pending allotmentFinance Cost PaidDividend and DDT PaidCash and cash equivalents as at the end of the year	21.870.00105.67(63.22)(137.59)1,243(340.63)(18.01)196.0352.32(23.16)225.19

1. Cash Flow Statement has been prepared under the indirect method as set out in Ind AS 7 specified under section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014..

Figures in bracket indicate Cash Outflow. $\overline{2}$ .

For Creative Peripherals and Distribution Limited

Trumo

Ketan Patel Chairman and Managing Director DIN - 00127633 18th June 2021, Mumbai

Creative Peripherals And Distribution Limited

Note s on Consolidated Financial Results:

• 1. The aud ited conso lida ted fi nancial results of the Company for th e yea r ended March 31, 2021 have been review ed by the Aud it Committee of the Board and approved by th e Board of Directors at its meetings held on 18'" Jun e, 202 1.
• 1. The resu lts for th e year ended March 31, 202 1 are available on th e National Stock Exchange website (URL: www.nseind ia.com) and on the Company's website URL: www.ecreativeindia.corn.
• 1. These Consolidated financial results have been pr epared in accordance with th e recognition and measurement principles of Indian Accounting Sta nda rds ("Ind AS") prescribed und er Section 133 of the Compa nies Act, 2013 read with th e relevan t rul es issu ed there und er and the ot her accounting principles gene rally acce pted in India.
• 1. The figur es for the correspondi ng previous period hav e been regrou ped / reclassifi ed wh erever necessary, to make them comparable. The figur es for qua rte r ended 31st March, 202 1 are balan cing figur es between the audited figures of the full financial year and the rev iewed year-to-da te figur es up to the third quarte r of the financi al yea r.
• 1. On The COVID-19 outbreak has developed rapidly in India and across th e globe. Measures taken by the Government to con tai n the virus, like lock-downs and other measures, have affected eco nomic activity and caused disruptio n to regular business operations. The Company has ass essed th e potential impact of Covid-19 on its cap ital and financial resources, profitab ility, liqu idity position, ability to service debt and other financi ng arrangements, supply chain and demand for its services. Various ste ps have been initia ted to ra ise finances from banks and institutions for wo rking capital needs and long ter m fund requiremen ts and the Compa ny is in a comfortable liquidity positio n to meet its commitme nts.

The Compa ny has also assesse d the pot ential impact of Covid-19 on the carrying value of pro perty, plant & equipme nt, right of use assets, intangible assets, investments, trade receivables, inventories, and oth er current assets appea ring in its financial statements. In developing the assumptio ns and estima tes re lating to tbe future uncertainties in the econ omic conditions because of th is pandemic, the Company as at the da te of approva l of th ese Financi al statements has used internal and ext ernal sources of information and based on curre nt estimates, expects to recover the carrying amo unts of these asse ts. The impact of

the globa l health pa nd emic may be differen t fro m that estimated as at th e date of approval of these finan cial sta teme nts and the Compan y will continue to closely moni tor any materi al changes to future economic conditions.

1. The above audited consoli dated finan cial results have been prepared in accordance with the prin ciples and pr ocedu res as set out in Ind AS 110 "Conso lidate d Fina ncial Sta te ments ".

FOI' Cr eative Peripherals a nd Distrtbution Limited

Ketan Pa tel Chairman and Managing Director DIN ·00127633 18th June 2021, Mumba i

CREATIVE PERIPHERALS AND DISTRIBUTION LIMITED

Audited Consolidated Segment wise Revenue and Results For Quarter and Year Ended Mar 31, 2021

		Quarter Ended		Year Ended
Particulars	31-Mar-21	31-Dec-20	31-Mar-20	31-Mar-21	31-Mar-20
	(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
Segment Revenue
- Imaging	1,774.51	2,304.88	4,803.56	7,978.61	19,608.22
$-IT$	8,284.97	7,766.76	4,650.43	26,269.42	19,227.58
- Others (Lifestyle, Security etc.)	7,659.54	6,400.06	3,364.56	17,766.69	6,936.01
Revenue from Operations	17,719.02	16,471.70	12,818.55	52,014.72	45,771.81
Segment Results
Net Revenue from each segment after deducting allocable cost
- Imaging	676.31	277.03	345.11	1,304.14	2,459.53
$-1T$	538.18	594.31	620.81	2,016.24	2,141.14
- Others (Lifestyle, Security etc.)	422.83	225.22	469.60	1,193.00	467.81
Total	1,637.32	1,096.56	1,435.52	4,513.38	5,068.48
Less: Finance Cost	153.60	125.20	120.57	468.80	479.68
Less: Unallocable cost Including Unallocated Revenue	912.14	600.15	1,177.57	2,742.74	3,472.34
Total Profit before Tax	571.59	371.20	137.38	1,301.84	1,116.46

CREATIVE PERIPHERALS AND DISTRIBUTION LIMITED

Audited Consolidated Segment wise Assets and Liabilities as on Mar 31, 2021

(Amt in Rs. Lakhs)
	Quarter Ended			Year Ended
Particulars	$31-Mar-21$	31-Dec-20	$31-Mar-20$	$31-Mar-21$	31-Mar-20
	(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
Segment Assets
- Imaging	1,194.46	1,130.80	3,116.78	1,194.46	3,116.78
$-1T$	7,539.50	6,287.29	4,101.27	7,539.50	4,101.27
- Others (Lifestyle, Security etc.)	1,169.43	1,478.45	587.88	1,169.43	587.88
Total Segments Assets	9.903.39	8,896.54	7,805.93	9,903.39	7,805.93
Segment Liabilities
- Imaging	$-295.41$	$-989.14$	$-310.17$	$-295.41$	$-310.17$
$-1T$	3,109.01	3,485.40	2,897.00	3,109.01	2,897.00
- Others (Lifestyle, Security etc.)	21.56	603.06	343.60	21.56	343.60
Total Segment Liabilities	2,835.16	3,099.32	2,930.44	2,835.16	2,930.44

Note - Accounts Receivable and Payble are taken at net of advances received from customer and advance paid to vendor

For Creative Peripherals and Distribution Limited

Ceturis Pollings

Ketan Patel Chairman and Managing Director DIN - 00127633 18th June 2021, Mumbai

Creative Peripherals And Distribution Limited

CREATIVE PERIPHERALS AND DISTRIBUTION LIMITED Statement of Changes in Equity for the Year ended March 31, 2021

A. Equity Share Capital

	(Amt in Rs Lakhs)
Particulars	Total
As at April 1, 2020	1.160
Changes in Equity Share Capital	-
As at March 31, 2021	1,160

B. Other Equ ity

		Reserves and Surplus	.",'"	(Amt in Rs Lakhs)
Particulars	Share Premium	Retained Earn ings	thro ugh Oth erComprehensiver ,	Total
Balance as at April 1, 2020	590.00	2,462.40	-	3.052.40
Profit I (Loss) for the year	-	1,075.00	-	1,075.00
	590.00	3,537.40	·	4,127.40
RemeasurementgainI (loss) on Defined Benefit Plan		3.96	·	396
Income Tax on above		(1.00)		(100)
Total Comprehensive Income for the year		2,96	·	2,96
Dividend		(18.01)	·	(18.01)
Dividend Distribution Tax			·	-
Bonus Shares issued
Balance as at Ma rch 31, 202 1	590.00	3,522.36		4,112,36

For Creative Peripherals and Distribution limited

Ketan Patel Chairman and Ma naging Director DIN - 0012 7633 18th June 2021 , Mumbai

Creative Peripherals And Distribution Limited