Incap Ltd — Annual Report 2021

Jun 30, 2021

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INeAP LIMITED

1-58, NIDAMANUR,

Phones: 91-866-2842571, 2842479

VIJAYAWADA - 521 104. ANDHRA PRADESH INDIA E '1' ·wincap@hotmail.com ~/in~:~limited.in GIN L32101AP1990PLG011311

INCAP/BSE/2021-22/117

Dated 30thJune, ²⁰²¹

I

To The Corporate Relations Department Bombay Stock Exchange, ²¹stFloor, P.J.Tower, Dalal Street, Mumabi.

Dear Sir,

Sub: Submission of Audited Financial Results ofthe Company, Statement of Assets & Liabilities as per Provisions of SEBI(LODR) Regulations, 2015.

Please find enclosed herewith the following documents in terms of Regulation 33 of SEBI(LODR) Regulations, 2015.

• 1. Audited Standalone Financial Results for the Financial Year ended on 31.03.2021.
• 1. Statement of Assets and Liabilities for the Financial Year ended on 31.03.2021.
• 1. Auditor Report on the Audited Financial Results ofthe Company pursuant to Regulation 33 of SEBI LODR (Regulations), 2015.
• 1. Declaration pursuant to SEBIcircular No.CIR/CFD/CMD/56/2016 dated 27th May, 2016.
• 1. Board has recommended dividend @ 10% on face value, subject to approval of shareholders.

". This is for your information and record.

AssessmentProCeSS Standards A=editation CounCIlfor

TransformsSystems . ISO9001:2015 Assessment Services providers

INeAP LIMITED

1-58, NIDAMANUR,

Phones: 91-866-2842571, 2842479

I

VIJAYAWADA - 521 104. ANDHRA PRADESH INDIA E-mail ·vjwincap@hotmail.com www.in~aplimited.in CIN L32101AP1990PLC011311

INCAP/BSE/2021-22/118

Dated so" June, 2021

To The Corporate Relations Department Bombay Stock Exchange, zi" Floor, P.J.Tower, Dalal Street, Mumabi.

Dear Sir,

Sub: Declaration pursuant to Regulation 33(3) (d) of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015 for Unmodified Opinion.

DECLARATION FOR UNMODIFIED OPINION

I, C.Bhagavantha Rao, Chairman of M/s. Incap Limited, having its registered office at #1-58, Nidamanur, Vijayawada - 521104, hereby declare that, M/s. K.Anuradha & Associates, Statutory Auditors of the Company, have issued an Audit Report with Unmodified Opinion on Standalone Audited Financial Results for the Quarter and Financial year ended 31.03.2021.

This declaration is Issued in compliance with Regulation 33(3) (d) of the SEBI(LODR) Regulations, 2015 as amended vide its circ .Iar No. ClR/CFD/CMD/56/2016 dated 2ih May, 2016.

INCAP LIMITED

CIN : L32101AP1990PLC011311 1-58, NIDAMANUR, VIJAYAWADA- 521104, ANDHRA PRADESH AUDITED FINANCIAL RESULTSFORQUARTERAND YEARENDED31ST MARCH, 2021

					(Amount Rs In Lakhs)
		QUARTERENDED			YEARENDED
		31-03-2021	31-12-2020	31-03-2020	31-03-2021	31-03-2020
	PARTICULARS	(AUDITED)	(UNAUDITED)	(AUDITED)	(AUDITED)	(AUDITED)
I	Revenue from Operations
	Net Sales/ Income from Operations	6S3.34	500.22	847.42	2090.83	3832.50
	Other Income	67.99	6.81	38.75	121.83	89.36
	Total Income from Operations (I)	721.33	507.03	886.17	2212.66	3921.86
11	Expenses
	Cost of materials consumed	270.81	299.4	186.07	867.89	867.17
	Purchases of stock in trade	148.77	1.66	13.17 ,	173.94	65.66
	Changes in Inventories	-19.75	-3.35	30.39	-25.30	106.03
	Employee benefit expenses	54.18	54.54	52.43	176.95	197.12
	Finance Cost	3.62	3.98	12.64	14.04	50.05
	Depreciation and amortisation	11.66	11.90	9.08	47.22	45.53
	Other Expenses	230.98	122.49	626.19	889.74	2530.47
	Total Expenses (11)	700.27	490.62	929.97	2144.48	3862.03
III	Profit / (Loss) from operations before exceptional Items (1- 11)	21.06	16.41	-43.80	68.18	59.83
IV	Exceptional Items
		21.06	16.41
V	Profit / (Loss) before extra ordinary items and tax (11I-IV)			-43.80	68.18	59.83
VI	Extraordinary Items Profit / (Loss) before tax (V - VI)	21.06	16.41	-43.80	68.18
VII VIII	Tax expenses					59.83
	(1) Current tax	-	-	-	18.28	15.14
	(2) Deferred tax	-	-	-	-8.57	0.72
IX	Profit / (Loss) for the period (VII- VIII)	21.06	16.41	-43.80	58.47	43.97
X	Other Comprehensive Income
	A. (i) Items that will not be reclassified to profit or loss (net of
	tax)	-	-	-	5.79	(20.34)
	B. (i) Items that wiil be reclassified to items that will be reclassified to profit-or loss	-	-	-	-	-
XI	Total Comprehensive tncome after tax (IX - X)	21.06	16.41	-43.80	64.26	23.63
XII	Paid up Equity Share Capital (Face value of Rs.10/- each)	513.32	513.32	513.32	513.32	513.32
	Earnings per Equity Share
	Basic & Diluted	-	-	-	1.14	0.86

Notes:

1. The above results were reviewed by the Audit Committee and taken on record by the Board of Directors of the Company at its meeting held on 30th June, 2021. The financial results for the quarter ended on March 31, 2021 has been subjected to limited rev~ew by the Company's Statutory Auditors.

2. The figures for the corresponding previous period have been regrouped/reclassified wherever necessary to make them comparable with the present results.

3. The figures for the qurter ended 31st March 2021 are balancing figures between the audited figures of the full financial reviewed yearto-date figures upto the third quarter of the financial year.

4. The financial results and other financial information for the quarter ended March 31, 2021 has been compiled by the management as per Ind As, after exercising necessary due diligence, to ensure that the financial results provide true and fair view of the results in accordance with Ind AS. This information has not been subject to any limited review or audit.

5. The Board recommended dividend @ 10% on face value of the Share subject to the approval of Shareholder at Annual ody Meeting. ~p I../.

Date: 30th June, 2021 Place: Vijayawada

1~~lJ,lJIII'TED ~ :...\ THA ~W""'~""TI C IRMAN

Particulars	31-03-2021	31-03-2020
Assets
Non Current Assets
(a) Property, Plant and Machinery	419.09	464.71
(b) Capital Work in Progress	-	-
(c) Investment Property	-	-
(d) Goodwill	-	-
(e) Other Intangible Assets	-	- -
(f) Intangible Assets Under Development	-	-
(h) Financial Assets	-	-
(i) Investments	200.00	200.00
(ii) Trade Receviables	-	-
(iii) Loans	22.14	49.04
(iv) Others (to be speclfled)	-
(i) Deferred Tax Assets (net)	-	- , -
		436.41
Ol Other Non Current Assets	25.78
Current Assets
(a) Inventories	213.27	150.79
(b) Financial Assets
(i) Investments	-	-
(ii) Trade Receviables	810.50	713.51
(iii) Cash and Cash Equivalents	1,786.54	1,367.23
(iv) Bank Balances other than (iii) above	-	-
(v) Loans	-	-
(iv) Others (to be speclfled)	-	-
(c) Current Tax Assets (net)	40.17	66.63
(d) Other Current Assets	117.09	91.04
TOTAL ASSETS	3,634.58	3,539.36
EQUITY AND LIABILITIES
Equity
(a) Equity Share Capital	513.32	513.32
(b) Other Equity	1,034.92	1,021.99
LIABILITIES
Non-Current tiabllitles
(a) Financial Liabilities •
(i) Borrowings	122.59	49.38
(ii) Trade Payables	-	-
(iii) Other Financial Liabilites	-	-
(other than those specified in item (b)
to be specified)
(b) Provisions	-	-
(c) Deferred Tax Liabilities ( Net)	23.52	32.10
(d ) Other non-current Liabilities	-	-
Current Liabilities
(a) Financial Liabilities
(i) Borrowings	60.08	19.03
(ii) Trade Payables	1,678.28	1,821.53
(iii) Other Financial Liabilites	-	-
(other than those specifled in item (b)
to be speclfied]
, (b) Other Current Liabilities	101.18	52.94
(c) Provisions	100.69	29.07
(d) Current Tax Liabilities ( Net)	-	-
TOTAL EQUITY AND LIABILITIES	3,634.58	3,539.36

INCAP LIMITED STATEMENT OF ASSETSAND LIABILITIES AS AT 31-03-2021

Date: 30th June, 2021 ~CAP.LI

I~ \"IAf/~ Place: Vijayawada ~~ ~ .B ^G RVl. r EXECUTIV C~1A'l MAN . .. ,

I

K. ANURADHA & ASSOCIATES Chartered Accountants #3-29-21, 4th Floor, Prahas Mansion, Park Lane, Krishna Nagar GUNTUR - 522006

Auditor's Report on Quarterly Financial Results and Year to Date Results of the M/s. INCAP LIMITED, pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

To

•..

The Board of Directors ofINCAP LIMITED.

We have audited the accompanying financial results of M/s. INCAP Limited ("the Company") for the quarter ended 31st March, 2021 and the year to date results for the period from 01-04-2020 to 31-03-2021 ("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, as modified by Circular No.CIRICFDIFAC/62/2016 dt.5.7.2016. Attention is drawn to the fact that the figures for the corresponding quarter ended 31st March, 2020, including the reconciliation of net profit under Ind AS of the corresponding quarter with net profit reported under previous Indian GAAP, as included in the statement have not been subjected to limited review or audit. These quarterly financial results as well as the year to date financial results have been prepared on the basis of the interim IND AS financial statements, which is the responsibility of the company's management.

Our responsibility is to express an opinion on these financial results based on our audit or such interim IND AS financial statements, which have been prepared in accordance with the recognition and"measurement principals laid down in Indian Accounting Standards (IND AS), prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India.

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 misstatement(s). An audit includes examining, on a test basis, evidence supporting the amounts disclosed as'financial results. An audit also includes assessing the accounting principles used and significant estimates made by the management. We believe that our audit .provides a reasonable basis for our opinion.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the stat~.ment. The procedures selected depend on the Auditor's judgment, including the assessment of risk of material misstatements of the statements, whether due to fraud or error. In making those risk assessment, the auditor considers internal control" relevant to the Company's preparation and fair representation of the statement in order to design audit procedures that are appropriate in the circumstances. An audit also includes

K. ANURADHA & ASSOCIATES Chartered Accountants #3-29-21, 4th Floor, Prahas Mansion, Park Lane, Krishna Nagar GUNTUR - 522006

evaluating the appropriateness of the accounting polices used and _thereasonableness of the accounting estimates made by 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.

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 theses quarterly financial resplts as well as the year to date results:

• (i) Are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular dated os" July, 2016 in this regard; and
• (ii) Gives a true and fair view in conformity with the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India of the net profit and Total comprehensive income and other fmancial information of the company for the year ended 31st March, 2021.
• (iii) The statement includes the results for the quarter ended March 31, 2021 being the balance figure between audited figures in respect of full financial year and the published year to date figures up to the end of third quarter of the current financial year.

For K Anuradha & Associates Chartered Accountant FRN No. 017328S

KASARABADA~~ ANURADHA :;:21.GU01l:12:1J

(CA. K Anuradha) Proprietrix Membership No. 210171

Place: Guntur Date: 30-Jun-2021

UDIN: 21210171AAAABE1269

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