Devinsu Trading Ltd. — Interim / Quarterly Report 2021

Jun 14, 2021

\$2, Maker Chambers Ill, Nariman Point, Mumbai 400 021 Tel. No. : 022 -2204 2554 / 2204 7164 Fax. No. :022 -2204 1643 CIN : 151900MH1985PLC036383 Email : devinsutrading@gmail.com

The Manager Listing Compliance, 14.06.2021 BSE Limited Dalal Street, Fort, Mumbai — 400 001

Ref : Script Code 512445

Subject: Audited Financial Results for the quarter and year ended March 31, 2021

Dear Sir / Madam,

This is to inform you that the Board of Directors of the Company at its meeting held today i.e. 14°! June, 2021 at the registered office of the Company at 82, Maker Chambers II, Nariman Point, Mumbai — 400021 have approved and taken on record the following:

• a). Audited financial results of the Company for the quarter and financial year ended 31st March 2021;
• b) Statutory Auditors Report with unmodified opinions on the Audited Financial Results for the year ended March 31, 2021,

A copy of the said Financial Results together with Auditor's Report is enclosed herewith alongwith declaration of unmodified opinion.

Extracts of the audited financial results as given for publication in the newspaper "The Free Press Journal" and "Navshakti" is also attached.

The meeting commenced at 2.00 P.M. and concluded at 2.30 P.M.

CIN : L51900MH1985PLC036383

DEVINSU TRADING 82, Maker Chambers Ill,Nariman Point, Mumbai 400021		LIMITED	"
Tel. No. : 022 - 2204 2554 / 2204 7164 CIN : L51900MH1985PLC036383		Fax No. : 022 - 2204 1643
AUDITED FINANCIAL RESULT FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2021				(Rs. in Lacs except per share data)
	Quarter Ended	Quarter Ended	Quarter Ended	{ Year Ended 31.03.2021	Year Ended
	31.03.2021	(Audited) (Unaudited) (Audited)	31.12.2020 31.03.2020 (Audited)		[31.03.2020 (Audited)
1. (a) Net Sales/Income from Operations (b} Other Income	: 18.34	: 21.74	- 20.69	: 79.17	: 65.38
Total Income 2. Expenditure	18.34	21.74	20.69	79.17	65.38
a. Jncrease/decrease in stock in trad and work in progress b. Consumption of raw materials	- -	- -	= :	- -	- -
c. Purchase of traded goods d. Employees cost	: 3.28 <	- 3.15 -	- 5.07 -	- 13.63 :	- 15.78 -
8. Depreciation Other expenditure Total Expenses	2.12 5.40	0.91 4.06	1.62 6.69	5.68 19.31	8.34 24.12
3. Profit before Exceptional Items and tax (1-2) 4. Exceptionai items	12.94 (0.39)	17.88 :	14.00 -	59.86 (0.33)	41.26 - 44.26
5. Profit (+)/ Loss (-) before tax (3-4) 16. Tax expense 7. Net Profit (+)/ Loss (-) for the period/ year (5-6)	42.55 - 12.55	17.68 - 17.68	44.00 (3.80) 17.80	50.53 - 59.53	- 41.26
8. Other Comprehensive Income (OCI) (a) Item that will not be classified to profit & loss
(i) Equity Instruments through other Comprehensive Income (FVOCI) (ii) income tax effect on above	1.67 (35.78)	(24.39) - :	(36.83) - -	86.80 (35.78) :	(23.36) - =
{b)ltems that will be reclassified to profit & Loss Total Other Comprehensive Income	x - (34.11)	- (24.39)	- (36.83)	- 51.02	- (23.386)
9. Total Comprehensive Income (after Tax) (7+8) 40. Paid-up equity share capital of Face Value © 10/- each	(21.56) 50.00	(6.71) 50.00	(19.03) 50.00	110.55 50.00	17.90 50.00
	- 2.51	- 3.54	- 3.56	- 41.91	- 8.25
141, Other Equity excluding revauation reserve 12. Earnings Per Share (in ') (Face Value of * 10/- each) (Basic & Diluted) (Not Annualised)
:
NOTE 1) The above results were reviewed by the Audit Committee, and taken on record by the Board at its meeting held on 14th June, 2021. The Statutory Auditor has carried out Limited Review of the above results in terms of Regulations 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2) Company operates in single business segment and hence, the information pursuant to IND AS-108 is not applicable. 3) The Exceptional Item includes profit/Loss on sale of Investment. 4) The Figures for the corresponding periods have been restated, wherever necessary, to make them comparable. 5) The outbreak of COVIND-19 virus continues to spread across the gicbe including India and has csused significant disruption of businesses including our Company. Initially, the Company had to shutdown its Working Facilities. The Corporate office in Mumbai has been also shut down following lockdown by the Government of Maharashtra in the second week of Apri] 2021, which to some extent impacted in financial results for the quarter but did not materially impact the financial results for the year ended 31st March 2021. In Assessing the recoverbility of Company assests such as Investment, Trade receivable etc. The Company has considered internal and external information upto date of approval of these financial results and expects to recover the carrying amount of the assests. However, the management will continues to closely monitor the evolving situation and assess its impact on the operations of the Company. The actual effects of COVID-19 could be different from what is presently assessed and would be known only in due course of time.
: Mumbai Place		: ©	\ =A 3)	For DEVINSU TRADING LIMITED Ghote
: 14.06.2021 Date			é	—— Director

NOTE :

: Mumbai Place	Ghote =A 3) : ©
: 14.06.2021 Date	—— Director é

Cash Flow Statement for the Year 2020-21 (Rs in Lakh)

	DEVINSU TRADING LIMITED	Cash Flow Statement for the Year 2020-21	(Rs in Lakh)
A)	CASH FLOW FROM OPERATING ACTIVITIES	For the Year Ended 3ist March 2621 (Audited)	For the Year Ended 31st March 2020 (Audited)
	Net profit/(loss) before tax as per Statement of profit and Loss Adjusted for:	59.53	41.26
	Dividend	(0.60)	(0.59)
	Loss/(Profit) on Sale of Investment Fair value changes (net) on financial assets	(0.25) 85.95 86.80	(0.51) (24.46) (23.36)
	Operating Profit before Working Capital Changes Adjusted for:	145.48	16.79
	Change in current investment	(48.73)	(35.47)
	Change in other current asset Change in Current Liabilities	(0,39) (46.93) 0.19	- (34.09) 1.39
	Cash used in Operations Taxes Paid	98.55 -	(17.29) -
	Net Cash used in Operating Activities	98.55	(17.29)
B)	CASH FLOW FROM INVESTING ACTIVITIES
	Other Income	0.60	0.59
	Reduction / (Addition) in investment other non current Asset	(88.71) 50.76	23.36 (6.72)
	Investment in Property Profit on sale of investment	- 0.25	- 0.51
	Net Cash (used in) / from Investing Activities	(37.10)	17.74
Cc)	CASH FLOW FROM FINANCING ACTIVITIES
	Proceeds from issue of Share Capital Proceeds from Long Term borrowings
	Net Cash from Financing Activities
	Net Increase/(Decrease) in Cash and Cash Equivalents	61.45	0.45
	Opening Balance of Cash and Cash Equivalents Closing balance of Cash and Cash Equivalents	0.85 62.10	0.20 0.65
	Components of Cash and Cash Equivalents: Balance with Bank in Current Accounts	62.10	0.65
	Cash on Hand Less: Working Capital Loan from Bank Repayble On demand	"	-
		-	-
		: For & behalf of the Board
		Boron
		(@eepa Bhawsar) Director
	Place : Mumbai Date : 14.06.21	DIN-07167937

	DEVINSU TRADING	LIMITED
	82, Maker Chambers III, Nariman Point, Mumbai 400021 Tel. No. ; 022 - 2204 2554 / 2204 7164	Fax No. . 022 - 2204 1643
	STATEMENT OF ASSETS AND LIABILITIES AS AT 31st MARCH 2021	As at	(Rs. In Lacs) As at
Particulars ASSETS		31.03.2021 (audited)	31.03.2020 (audited)
Non-current assets @) Property, Plant and equipment
b) Capital work-in-progress c)investment property
d)Intangible assets é) Financial assets		0.09	0.09
i) Non-current investments ii) Other non-current financial assets		192.02 0.18	103.31 0.18
f} Other non-current assets.		3.85	54.61
Current Assets	Total Non Current Assets	196.14	158.19
a) Inventories b) Financia! assets		0.00	0.00
i) Current investments ii) Trade receivables		889.11	842.37
ii) Cash and Cash Equivalents		0.00 62.17	0.00 0.65
iv) Bank Balance other than (ji) above c) Current tax assets (Net)		0.00 0.00	0.00
d) Other current assets		0.39	0.00 0.00
TOTAL	Total Current Assets	951.64	843.02
		1147.75	1001.22
EQUITY AND LIABILITIES Equity
a) Share capital b) Other equity		50.00	50.00
		1060.12	949.57
	Total Equity	4110.12	999.57
Non-Current liabilities a) Financial liabilities		0.00
i) Long-term borrowings 1]b) Deferred tax liabilities (Net)		0.00	0.00 0.00
	Total Non Current Liabilities	35.78 35.78	0.00 0.00
Current liabilities
a) Financial liabilities i) Short-term borrowings		0.00
ii) Trade payable iti) Other financial liabilities		0.00	0.00 0.00
Jb) Other current liabilities		0.00 1.85	0.00 1.65
	Total Current Liabilities	0.00 1.85	0.00 1.65
c) Short term provision		4147.75	1861.22
TOTAL
			For Devinsu Trading Ltd
: Mumbai Place			Broo

'

C.A. Hatim Bandukwala, B. Com. (Hons.) FGA. ACS, chartered accountants C.A. Nafisa Dalal, B. Com., F.C.A. ond Floor, Abhishek Bullding,

Telefax : 2344 6695 © Tel.: 28456 607

h. h. bandukwala & co,

91, Abdul Rehman Street, Mumbal 400 003. E-mail : hhbandukwala@gmail.com

2122009/462/AD

INDEPENDENT AUDITORS' REPORT

TO THE BOARD OF DIRECTORS OF DEVINSU TRADING LIMITED

1. We have audited the accompanying 'Audited Standalone Financial Results' for the year ended March 31, 2021 of Devinsu Trading Limited (the "Company") (hereinafter referred to as the "Statement") attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Circular No. CIR-CFD-FAC-62-2016 Dated July 5" 2016.

This statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been compiled from the related Financial Statements which has been prepared in accordance with the Accounting Standards prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the statement based on our audit of such financial statements.

1. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the Statement is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the Statement. The procedures selected depend on the auditor's judgment including the assessment of risks of material misstatement of the statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to Company's preparation and fair presentation of the statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the ~ significant accounting estimates made by the Management, as well as evaluating the overall presentation of the Statement. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

• 1. Based on our audit conducted as above, in our opinion and to the best of our information and according to the explanations given to us, the Statement
• i. is presented in accordance with the requirements of the Regulation 33 of the SEBI {Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Circular No. CIR-CFD-FAC-62-2016 Dated July 5" 2016; and
• ii. gives a true and fair view in conformity with the aforesaid Accounting Standards and other accounting principles generally accepted in India of the net profit of the company for the year ended March 31, 2021

h. h. bandukwala & co. chartered accountants

• -2.
• 1. The Statement includes the results for the Quarter ended March 31, 2021 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

For H.H. Bandukwala & Co., Chartered Accountants. Firm Registration No. - 100965W.

"/ 54. aRSe,

Mumbai ' —_— AAs =

Place : Mumbai Partner Dated : 14-06-2021 Hatim Bandukwala M.N. 016940 UDIN - 21016840AAAABP9112

DEVINSU TRADING LIMITED 82, Maker Chambers IH, 215, Nariman Point, Mumbai 400021 Tel. No. : 022 - 2204 2554 / 2204 7164 Fax No 022-2904 1643 CIN : L51900MH1985PLC036383 EXTRACT OF STATEMENT OF @§AUDITED FINANCIAL RESULTS FOR THE QUARTER / YEAR ENDED 31ST MARCH, 2021. Quarter Year Ended Ended 31.03.2021 31.03.2021 (Audited) ited) Total Income from Operations t 0 0 Net Profit / (loss) for the period (before tax, Exceptional and/or Extraordinary items) 0 12.94 59.86 14.00 Net Profit / (loss) for the period before tax {after Exceptional and/or Extraordinary items) 12.55 59.53 14.00 Net Profit / (loss) for the period after tax (after Excepflonal and/or Extraordinary Items) 12.55 59.53 17.80 Total Comprehensive Income for the period [Comprising Profit/(loss) for the period (after tax) lane other Comprehensive Income (after tax)] 21.56 110.55 -19.03 Share Capital Equity 50.00 50.00 50.00 Earnings Per Share (of Rs. 10/- each) (For continuing and discontinued operations)- Basic and Diluted 2.51 11.91 3.56 Other Equity excluding Revaluation Reserve NOTE : 1) The above is an extract of the detailed format of Quarterly ended 31.03.2021 Financial Results filed with the Stock Exchange under Regulation 33 of the SEB! (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with SEBI circular dated 5th July, 2016. The full format of the Quarterly/ Year Ended Results is available on the Stock Exchange website: BSE Limited (www.bseindia.com). 2) The above were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 14.06.2021. For DEVINSU TRADING LIMITED Place : Mumbai : 14.06.2021 Date Deepa Bhavsar
		fs. In Lacs } Quarter Ended 31.03.2020
		(Audited) __
Director

For DEVINSU TRADING LIMITED

Deepa Bhavsar