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Jindal Worldwide Ltd. Annual Report 2021
60781_rns_2021-06-22_23ae45f5-edce-452d-ac20-f830e8d37129.pdf
Annual Report
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Date: 22" June, 2021
To, National Stock Exchange of India Limited Exchange Plaza Plot no. C/1, G Block Bandra- Kurla Complex, Bandra (E) Mumbai - 400 051 NSE Company Code: JINDWORLD
The Bombay Stock Exchange Limited Listing Department Phiroz Jeejeebhoy Tower, 25th Floor, Dalal Street Mumbai —400 001 BSE Company Code: 531543
Subject: SUBMISSION OF OUTCOME OF BOARD MEETING HELD ON 22NDJUNE, 2021 PURSUANT TO REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015
Dear Sir/Ma'am,
With reference to above mentioned subject and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors at their meeting held on Tuesday, 22"dday of June, 2021 which was duly commenced at 03:00 P.M. and concluded with vote of thanks at 06:25 P.M. at the registered and corporate office "Jindal House, Opp. D mart, 1.0.0 Petrol pump lane, Shivranjani Shyamal 132 Ft. Ring Road, Satellite, Ahmedabad - 380015" of the Company; has inter alia:
- Financial Results: considered, approved and taken on record Audited Standalone and Consolidated Financial Results & Statement of Assets and Liabilities of the Company for the Quarter and Financial Year ended on 31stMarch, 2021; prepared in accordance with Regulation 33 of the SEBI (LODR) Regulations, 2015 and Companies (Indian Accounting Standards) Rules, 2015 (IND-AS); alongwith the Auditor's Report thereon as received from the Statutory Auditors of the Company [M/s. Saremal & Company, (FRN: 109281W), Practicing Chartered Accountants, Ahmedabad] and the said Auditors have expressed an Unmodified Opinion thereon, the copies of which are enclosed herewith ,
- Final Dividend: recommended a final dividend @ 5% of paid up equity share capital i.e. Rs. 0.05/- Paisa per equity share of F.V. Rs. 1/- each; subject to the approval of shareholders in the ensuing Annual General Meeting; for the Financial Year 2020-2021,
- Re-appointment of Mr. Amit Agrawal (DIN: 00169061) as Managing Director of the Company: on recommendation of Nomination & Remuneration Committee, considered and approved the re-appointment of Mr. Amit Agrawal as Managing Director of the Company, subject to the approval of shareholders in the ensuing Annual General Meeting.
The brief particulars of Mr. Amit Agrawal as per the Regulation 30(2) & Para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015 are detailed in the table underneath:
"Jindal Corporate House" Opp. D-mart, I.O.C. Petrol Pump Lane. Shivranjani Shyamal 132 Ft. Ring Road, Satellite, Ahmedabad-380015. INDIA. Tel 079-7100 1500-7100 1571 Email: [email protected] Website : www.jindaltextiles.com CIN :L17110GJ1986PLC008942
| Particulars | Disclosures | ||
|---|---|---|---|
| ChangeReasonfor--Reappointment of Director | Due to expiry of existing term of appointment on 02nd September,2021. There being no other material reason for such change byway of re-appointment. | ||
| Date of Re-Appointment &Term ofappointment | Re-appointment for 5 years w.e.f. 03' September, 2021 to 02"4September, 2026 which shall be liable to retire by rotation, andother terms as per the re-appointment letter which shall besubject to the approval of shareholders in the ensuing AnnualGeneral Meeting. | ||
| Brief Profile | Being an accomplished business development leader, Mr. AmitAgrawal, aged 44 years is a Promoter-Managing Director of theCompany and has rich and varied experience of around 20 years inthe Textile Industry and has been involved in the operations of theCompany over a long period of time. He possess the Master Degreeof Business Administration from U.S.A. and has guided theCompany towards diversification and growth to emerge as a worldleader in the Textile industry. He possesses a remarkable journeyin the Textile & IT Sector . | ||
| Relationship between Directors | Mr. Amit Agarwal is related with one Director of the Company,being son of Dr. Yamunadutt Agrawal, Chairman & Director of theCompany |
Constitution of the Risk Management Committee: Considered & approved constitution of Risk Management Committee, pursuant to the amendment in Regulation 21 in SEBI (LODR) (Second Amendment) Regulations, 2021 vide SEBI Notification dated 5thMay, 2021. The Composition and other related detail of the said Committee will be duly updated an the website of the Company (www.jindaltextiles.com), and
considered & approved various other general businesses as per the agenda of the said meeting.
You are kindly requested to acknowledge and update the same in your records.
Thanks & Regards For Jin• al Wo ited CS Kiran G (Company Secreta Compliance Officer)
Encl.- "As above"
Under Corporate House" Opp. 0-mart, I.O.C. Petrol Pump Lane, Shivranjani Shyamal 132 Ft. Ring Road, Satellite, Ahmedabad-380015. INDIA. Tel : 079-7100 1500-7100 1571 Email: [email protected] Website www.jindaltextiles.com CIN L17110GJ1986PLC008942
MEMO( & 00
Chartered flecountanti
CA Saremal Shah (Bcom, FCA); CA Pravin Lavana (Bcom, LLB, FCA)
INDEPENDENT AUDITOR'S REPORT
ON
AUDITED STANDALONE FINANCIAL RESULTS FOR THEQUARTER AND FINANCIAL YEAR ENDED ON 31STMARCH, 2021
OF
"JINDAL WORLDWIDE LIMITED"
{Pursuant to Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015}
To, The Board of Directors, Jindal Worldwide Limited "Jindal House", Opp. Dmart, I.O.C. Petrol Pump Lane, ShivranjaniShyamal 132 Ft Ring road, Satellite, Ahmedabad — 380015
Report on Audit of the Standalone Financials Results( Financial Results & Statement of Assets & Liabilities)
Opinion
We have audited the accompanyingstatement of Audited Standalone Financial Resultsof M/s. Jindal Worldwide Limited(the Company)for the quarter and financial year ended 31stMarch, 2021, enclosed herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 as amended from time to time (herein after known as the 'Listing Regulations'), read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated SthJuly, 2016, SEBI Circular No. CIR/CFD/CMD1/44/2019 dated 29'1 March, 2019 and SEBI Circular No. CIR/CFD/CMD1/80/2019 dated July, 2019.
In our opinion and to the best of our information and according to the explanations given to us, the Standalone Financial Results:
- i. are presented in accordance with the requirements of Regulation 33 of the of the Listing Regulations in this regard; and
- ii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information of the Company for the quarter and financial year ended 31'` March, 201
Basis of 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 under those Standards are further described in the "Auditor's Responsibilities for the Audit 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 Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.Our audit report is not modified in respect of this matter.
Management's Responsibility for the Standalone Financial Results
The statement of Audited Standalone Financial Results has been prepared on the basis of the AnnualStandaloneFinancial Statements. The Company's Board of Directors are responsible for the preparation of these financial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, 'Interim Financial Reporting' prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of theStandalone Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing theStandalone Financial Results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends 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 Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Standalone Financial Results:
Our objectives are to obtain reasonable assurance about whether theStandalone Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Standalone Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the Standalone Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is hi for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, mi or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of theCompanies Act,2013we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness 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 evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial 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 Company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of theStandalone Financial Results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
The financial results for the quarter ended 31' March, 2021forming part of the statement of Audited Standalone Financial Results are the balancing figure between the audited figures in respect of the full Financial Year ended on 31" March, 2021and the published year to date un-audited figures up to the third quarter of the financial year i.e. 31' December, 2020, which were subject to limited review by us.
Our audit report is not modified in respect of this matter.
For SAREMAL & CO. Chartered A
in Lavana artner 14 No.: 0 80 Firm Regis tion No.: 109281W UDIN No. 2 s37180AAAACB9561
Ahmedabad, 22nd June, 2021
(STANDALONE)
JINDAL WORLDWIDE LIMITED
Regd. Off: "lindal House",Opp. Dmart,I.O.C. Petrol Pump Lane, Shivrenjani 5hyamal 132 Ft Ring Road, Satellite, Ahmedabad -380015 -CIN: L17110Gi1986PLC008942 *Ph:079-71001500'K
*E-mail Id: [email protected]: www.jindaltextiles.com'
STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS (As per Schedule III of the Companies Act, 2013 and IND-AS )
* For the Quarter And Financial Year Ended 31st March,2021 *
| (Rs. In Laths Except EPS I | ||||||
|---|---|---|---|---|---|---|
| Quarter Ended | Year Ended | |||||
| S.No. | Particulars | 3 months endedof C.Y. | PreeceedIng 3 monthsended of C.V. | Carr. 3 monthsended in P.Y. | Year to date figuresfor C.Y. ended | Year to date figuresfor P.Y. ended |
| 31st March, 2021 | 31st Dec., 2020 | 31st March, 2020 | 31st March, 2021 | 31st March, 2020 | ||
| (Audited) | (Un-Audited) | (Audited) | (Audited) | (Audited) | ||
| Revenue from operations | 64713.65 | (32829.51 | 52854.71 | : /0iit'i i | 201655.221 | |
| III | Other Income | 1934.58 | 30.41 | 215.76 | 2467.25 | 749.01 |
| III | Total Revenue ( I + Il ) | 66648.23 | 62859.92 | 53070.47 | 173436.88 | 202404.23 |
| Expenses | ||||||
| (a) Cost of materials consumed | 43958.19 | 45461.90 | 33324.91 | 117252.28 | 133082.98 | |
| (b) Purchases of stock-in-trade | 4493.40 | 2528.09 | 7111.04 | 10420.20 | ,20747.59 | |
| (c) Changes in inventories of finished | (2515.18) | 1890.44 | 780.63 | (780.52) | 2459.75 | |
| goods,work-in- progress and stock-in-trade | ||||||
| IV | R h Employee benefits expense | 351.49 | 322.64 | 282.46 | F1076.66 | 1097.59 |
| (e) Finance Cost | 1036.93 | 842.93 | 205117 | 4842.16 | 5999.00 | |
| {f) Depredation and amortisation expense | 666.01 | 726.02 | 1102.38 | 2824.51 | 4369.39 | |
| (4j Other expenses | 15984.22 | 8122.64 | 7726.58 | 31601.31 | 30375.71 | |
| Total expenses | 63975.06 | 59894.66 | 52379.17 | 167236.60 | 198132.01 | |
| V | Profit before exceptional and extraordinaryitems and tax (III-IV) | 2673.17 | 2965.26 | 691.30 | 6200.28 | 4272.22 |
| VI | Exceptional items | 0_00 | 0.00 | 0.00 | 0.00 | 0 00 |
| VII | Profit before extraordinary items | 2673.17 | 2965.26 | 691.30 | 6200.28 | 4272.22 |
| and tax (V - VI ) | ||||||
| VIII | Extraordinary items | 0_00 | 0.00 | 0.00 | 0.00 | 0.00 |
| IX | Profit Before Tax (VII- VIII) | 2673.17 | 2965.26 | 691.30 | 6200.28 | 4272.22 |
| X | Tax expense :- | |||||
| (a) Current tax | 434.64 | 718.19 | 203.02 | 1270.12 | 1194.49 | |
| l]i) Tax of Earlier Period | 245.66 | 0.00 | 0.00 | 205.66 | 39.92 | |
| (c) Deferred tax | 265.34 | 25.75 | (40.50) | 314.67 | (1.64.90) | |
| Total Tax Expense | 905.64 | 743.94 | 162.52 | 1790.45 | 1059.51 | |
| Xi | Profit / (Loss) for the period from continuingoperations (IX - X) | 1767.53 | 222132 | 528.78 | 4409.83 | 3202.71 |
| XII | Profit/(loss) from Discontinuing Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 |
| XIII | Tax expense of Discontinuing Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| XIV | Profit/(loss) from Discontinuing operations(after tax) (XII-XIII) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit / (Loss) for the period (XI + XIV } | 1767.53 | 2221.32 | 528.78 | 4409.83 | 3202.71 | |
| XVXVI | Share of profit / (loss) of associates | N.A | N A | N.A | N.A | N.A |
| XVII | Minority interest | N.A | N A | NA | NA | NA |
| XVIII Profit / (Loss) after taxes, minority interestand share of profit / (loss) of associates | 1767.53 | 2221.32 | 528.78 | 4409.83 | 3202.71 | |
| XIX | Other Comprehensive Income | |||||
| A. Items that will be/will not be reclassifiedthrough profit and loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| B. Income Tax Relating to Items that will be/will notbe reclassified through profit and lass | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| XX | Total comprehensive income for the period(XVIII+XIX) | 1767.53 | 2221.32 | 528.78 | 4409.83 | 3202.71 |
| XXI | Paid-up equity share capital (Face Value of Rs.1/- each) | 2005.20 | 2005.20 | 2005.20 | 2005.20 | 2005.20 |
| XXII | Earnings per equity share (XVIII/XXI*1): | |||||
| (a) Basic | 0.88 | 1.11 | 0.26 | 2.20 | 1.60 | |
| ry(b) Diluted | 0.88 | 1.11 | 0.26 | 2.20 | 1.60 |
" Notes Enclos
Date : 22nd brre-Z42-1 Place: Ahmedabad
For and On Behalf of the Board for JINDAL WORLDWIDE LIMITED
(NC" . YAMUNADUTT AGRAWAL) Chairman/ Director DIN : 002431.92 0114EDASk 0
| JINDAL WORLDWIDE LIMITEDRegd. Off: "Jindal House",Opp. Dmart,I.O.C. Petrol Pump Lane, Shivranjani Shyamal 132 Ft Ring Road, Satellite,Ahmedabad -380015*CIN: 117110611986PLC008942 'Ph:079-71001500''E-mail Id: [email protected]• Website: www.jindaltextiles.com• | (STANDALONE) | ||
|---|---|---|---|
| Standalone Statement of Assets and Liabilities [ As At 31st March, 2021 1 | |||
| (As per Schedule III of the Companies Act, 2013 and IND-AS ) | |||
| Particulars | As at 31st March, 2021(Audited) | (Rs. in Lakhs)As at 31st March, 2020(Audited) | |
| A | ASSETS | ||
| 1 | Non-current assets | ||
| (a) Property, Plant and Equipment | 21523.62 | 28537.16 | |
| (b) Capital work-in-progress | 96.82 | 0.00 | |
| (c ) Financial Assets | |||
| (i) Investments | 1371.11 | 2239.34 | |
| (Ii) Other Financial Assets | 94.66 | 94.66 | |
| (d) Other Non-Current Assets | 23.22 | 23.22 | |
| (e) Current Tax Assets | 229.88 | 0 OD | |
| Sub-total - Non-current assetsCurrent assets | 23339.31 | 30894.39 | |
| 2 | (a) Inventories | 27904.64 | 24233.01 |
| (b) Financial assets | |||
| (I) Investments | 15.75 | 15.75 | |
| (ii) Trade Receivables | 37360.67 | 42566.32 | |
| (iii) Cash and Cash Equivalents | 1378.02 | 582.08 | |
| (iv) Other Bank Balances | 2008.66 | 1454.36 | |
| (v) Loans & Advances | 2807.78 | 210.16 | |
| (vi) Other Financial Assets | 882.45 | 3744.97 | |
| (c) Other Current Assets | 4664.38 | 5888.88 | |
| Sub-total - Current assets | 77022.35 | 78695.53 | |
| TOTAL - ASSETS | 100361.66 | 109589.92 | |
| 8 | EQUITY AND LIABILITIES | ||
| 1 Equity | |||
| (a) Share capital -Equity | 2005.20 | 2005.20 | |
| (b) Other Equity | 39977.20 | 35567.37 | |
| Sub-total - Shareholders' funds | 41982.40 | 37572.57 | |
| 2 | Non-current liabilities | ||
| (a) Financial Liabilities | |||
| (I) Borrowings | 11184.12 | 13807.86 | |
| (ii) Other Financial Liabilities | 474.52 | 644.47 | |
| (b) Deferred tax liabilities (net) | 1404.92 | 1090.25 | |
| Sub-total - Non-current liabilities | 13063.56 | 15542.58 | |
| 3 | Current liabilities | ||
| (a) Financial Liabilities | |||
| (i) Borrowings | 28208.49 | 34969 22 | |
| (1i) Trade Payables | |||
| • Total Outstanding dues of micro enterprises | |||
| and small enterprises | 0.00 | 0.00 | |
| • Total Outstanding dues of creditors other | |||
| than micro enterprises and small enterprises | 11748.43 | 14600.38 | |
| (iii) Other Financial Liabilites | 4400.68 | 2801.65 | |
| (b) Other Current Liabilities | 958.10 | 2909.03 | |
| 0.00 | 0.00 | ||
| (c) Provisions | |||
| (d)Current-Tax Liabilitiesijki 4Sub-total - Current liabilities | 0.0045315.70 | 1194.4956474,77 |
For and On Behalf of the Board JINDAL WORLDWIDE LIMITED
YA UNADLITT AGRAWAL) Chairman/ Director DIN : 00243192
Date : 22 Place: Ahmedabad
MEM & Co
Chartered Accountants
Page 1 of 4
CA Saremal Shah (Bcom, FCA); CA Pravin Lavana (Bcom, LLB, FCA)
INDEPENDENT AUDITOR'S REPORT
ON
AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND FINANCIAL YEAR ENDED ON 31ST
MARCH, 2021 OF
"JINDAL WORLDWIDE LIMITED"
{Pursuant to Regulation 33 of the 5E81 (Listing Obligation and Disclosure Requirements) Regulations, 2015}
To, The Board of Directors, Jindal Worldwide Limited "Jindal House", Opp. Dmart, I.O.C. Petrol Pump Lane, ShivranjaniShyamal 132 Ft ring road, Satellite, Ahmedabad — 380015
Report on Audit of the Consolidated Financial Results (Financial Results & Statement of Assets & Liabilities)
Opinion
We have audited the accompanying Consolidated Annual Financial Results of M/s. Jindal Worldwide Limited(hereinafter referred to as the 'Holding Company") and its wholly owned subsidiary (Holding Company and its Wholly Owned subsidiary together referred to as "the Group"), its associate for the quarter and financial year ended 31stMarch, 2021, enclosed herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amendedfrom time to time (herein after known as the 'Listing Regulationslread with SEBI Circular No. CIR/CFD/FAC/62/2016 dated 5th July, 2016, SEBI Circular No. CIR/CFD/CMD1/44/2019 dated 29thMarch, 2019 and SEBI Circular No. CIR/CFD/CMD1/80/2019 dated 19thJuly, 2019.
In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate Audited Financial Statements /Financial Results/ Financial Information of the Wholly Owned Subsidiary and Associate, the aforesaid Consolidated Financial Results:
(i) include the Annual Financial Results of the following entities:
| Sr.No. Names of Companies | Category: Wholly Owned Subsidiary/Associate | |
|---|---|---|
| 1. | Planet Spinning Mills Private Limited Wholly Owned Subsidiary | |
| Tele-Medicines Limited | Associate | |
13/5 - Prarthana lets, Opp. Sardar Patel Seva Samaj Hall, Navrangpura, Ahmedabad - 380 009 Ph: 079-26440056, Fax: 079-40372927, E-mail: saremal_company©yahoo.co.in
(ii) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
(iii) give a true and fair view of net profit/loss and other comprehensive income and other financial information of the Group for the quarter and financial year ended 315 ` March, 2021 in conformity with the applicable Accounting Standards, and other accounting principles generally accepted in India,
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 ("Act"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of this report. We are independent of the Group, and its associates in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our opinion.
Our opinion is not modified in respect of this matter.
Board of Directors' Responsibilities for the Consolidated Financial Results
These Consolidated Financial Results have been prepared on the basis of the Consolidated Annual Financial Statements. The Holding Company's Board of Directors are responsible for the preparation and presentation of these Consolidated Financial Results that give a true and fair view of the net profit/ loss and other comprehensive income and other financial information of the Group including its associates in accordance with the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the Companies included in the Group and of its associates are responsible for maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding of the assets of the Group and its associates and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Consolidated Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Consolidated Financial Results by the Board of Directors of the Holding Company, as aforesaid.
In preparing the Consolidated Financial Results, the respective Board of Directors of the companies included in the Group and of its associates are responsible for assessing the ability of the Group and its associates to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directo s of the companies included in the Group and of its associates are responsible for overseeing the financial re s of the Group and of its associates.
Page 2 of 4
Auditor's Responsibilities for the Audit of the Consolidated Financial Results :
Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Consolidated Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Companies Act,2013, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness 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 evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associates to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated Financial 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 to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the Consolidated Financial Results, including the disclosures, and whether the consolidated 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 entities within the Group and its associates to express an opinion on the Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Consolidated Financial Results of which we are the independent auditors. For the other entities included in the Consolidated Financial Results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible opinion.
O Page 3 of 4
We communicate with those charged with governance of the Holding Company and such other entities included in the Consolidated Financial Results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.
Other Matters:
The Consolidated Financial Results includes the Audited Financial Results of Wholly Owned Subsidiary and Associate, whose Financial Statements/Financial Results/ Financial Information reflect the Group's share of Total Assets of Rs.3667.56 Lakhs as at 31stMarch, 2021 , Group's share of Total Revenue from Operations of Rs. 2417.28 Lakhs and Rs. 8080.43 Lakhs and Group's share of Total Net Loss After Tax of Rs.(3.89) Lakhs and Total Net Profit After Tax ofRs. 153.37Lakhs for the quarter and financial year ended 316' March, 2021, respectively, as considered in the Consolidated Financial Results, which have been audited by their respective Independent Auditors. The independent auditors' reports on Financial Statements/ Financial Results/Financial Information of these entities have been furnished to us and our opinion on the Consolidated Financial Results, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the report of such auditors and the 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 for the quarter ended 31 March, 2021 forming part of the statement of Audited Consolidated Financial Results are the balancing figure between the audited figures in respect of the full Financial Year ended on 31st March, 2021 and the published year to date figures up to the third quarter of the financial year i.e. 315' December, 2020, which were subject to Limited Review by us.
For SAREM artered A
n tavana (Partner) embersh No.: 037180 m Registration No.: 109281W UDIN NO : 21037180AAAACA5250
Ahmedabad, 22" June, 2021
Page 4 of 4
(CONSOLIDATED)
JINDAL WORLDWIDE LIMITED
Regd. Off: "findal House",Opp. Dmart,I.O.C. Petrol Pump Lane, Shivranjani Shyamal 132 Ft Ring Road, Satellite, Ahmedabad -380015 *CIN: L17110G11986PLC008942 *Ph:079-71001500*
*E-mail Id: [email protected]* Website: www.jindaltextiles.com\*
STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS (As per Schedule III of the Companies Act, 2013 and IND-AS )
* For the Quarter And Financial Year Ended 31st March,2021 *
| (Rs. In takhs Except EPS )Year Ended | ||||||
|---|---|---|---|---|---|---|
| Quarter Ended | ||||||
| S.No. | Particulars | 3 months endedof C.V. | Preeceeding 3 monthsended of C.Y. | Corr. 3 monthsended in P.Y. | Year to date figuresfor C.Y. ended | Year to date figuresfor P.Y. ended |
| 31st March, 2021 | 31st Dec., 2020 | 31st March, 2020 | 31st March, 2021 | 31st March, 2020 | ||
| (Audited) | (tin-Audited) | (Audited) | (Audited) | (Audited) | ||
| Revenue from operations | 64185.07 | 58954.97 | 63966.23 | 169961.52 | 219894.94 | |
| I | Other Income | 1934.62 | 319.12 | 21E22 | 667.80 | |
| II | 2467.29 | |||||
| III | Total Revenue ( I + II ) | 66119.69 | 59274.09 | 64182.45 | 172428.81 | 220557.74 |
| Expenses | 42770,15 | 40768.43 | 147463.67 | |||
| (a) Cost of materials consumed | 44446.93 | 113231.01 | ||||
| (b) Purchases of stock-in-trade(c) Changes in inventories of finished | 4802.17(2479.10) | 2971.901801.05 | 6414.061224.39 | 12279.33(738.68) | 22959.422978.44 | |
| IV | goods,work-in- progress and stock-in-trade | |||||
| (d) Employee benefits expense | 401.55 | 368.02 | 330.64 | 1233.62 | 1245.97 | |
| (e) Finance Cost | 1067.84 | 865.03 | 2072.03 | 4933.20 | 6096.49 | |
| (f) Depreciation and amortisation expense | 691.55 | 751.65 | 1147.38 | 2926.95 | 4549.37 | |
| (g) Other expenses | 16325.97 | 8457.23 | 8356.36 | 32322.29 | 31343.66 | |
| Total expenses | 63580.13 | 55983.31 | 63991.79 | 165187.72 | 216637.02 | |
| V | Profit before exceptional and extraordinary | 2539.56 | 3290.78 | 190.66 | 6241.09 | 3920,72 |
| items and tax (III-IV) | ||||||
| VI | Exceptional items | 0.00 | 0.C7 | 0.00 | 0.00 | |
| VII | Profit before extraordinary items and tax (V - | 2539.56 | 3290.78 | 190.66 | 6241.09 | 3920.72 |
| VI) | ||||||
| VIII | Extraordinary items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| IX | Profit Before Tax ( VII- VIII) | 2539.56 | 3290.78 | 190.66 | 6241.09 | 3920.72 |
| X | Tax expense :- | |||||
| (a) Current tax | 430.96 | 750.45 | 200.81 | 1298.70 | 1206.29 | |
| (b) Tax of Earlier Period | 205.65 | (2.07) | 0.00 | 203.58 | 47.92 | |
| (c) Deferred tax | 275.98 | 20.96 | (42.94) | 320.52 | (174.62) | |
| (d) MAT Credit Entitlement | (2.19) | 0.00 | 0.00 | (2.19) | 0.00 | |
| Total Tax Expense | 910.40 | 76934 | 157.88 | 1820.61 | 1079.59 | |
| XI | Profit / (Loss) for the period from continuingoperations (IX - X) | 1629.16 | 2521.44 | 32.78 | 4420.48 | 2841.13 |
| XII | Profit/(loss) from Discontinuing Operations | 0.00 | 0.00 | am | ||
| 0.00 | 0.00 | |||||
| XIII | Tax expense of Discontinuing Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| XIV | Profit/(loss) from Discontinuing operations(after tax) (XII-XIII) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| XV | Profit / (Loss) for the period (XI + XIV) | 1629.16 | 2521.44 | 32.78 | 4420.48 | 2841.13 |
| XVI | Share of profit / (loss) of associates | 10.131 | 0 04 | (5.71) | 0.34 | 7.18 |
| XVII | Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| XVIII Profit / (Loss) after taxes, minority interestand share of profit / (loss) of associates | 1629.03 | 2521.48 | 27.07 | 4420.82 | 2848.31 | |
| XIX | Other Comprehensive Income | |||||
| A. Items that will be/will not be reclassifiedthrough profit and loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| B. Income Tax Relating to Items that willbe/will not be reclassified through profit andloss | 0.00 | 0.00 | 0.00 | 0.00 | 0 0i | |
| XX | Total comprehensive income for the period(XVIII+XIX) | 1629.03 | 2521.48 | 27.07 | 4420.82 | 2848.31 |
| XXI | Paid-up equity share capital (Face Value ofRs. 1/- each) | 2005.20 | 2005.20 | 2005.20 | 2005.20 | 2005.20 |
| XXII | Earnings per equity share (XVIII/XXI*1): | |||||
| (a) Basic(b) Diluted | 0.810.81 | 1.261.26 | 0.010.01' | 2.202.20 | 1.421.42 | |
** Notes End
Date : 22nd Jun 1 Place: Ahmedabad
For and On Behalf of the Board For JINDAL WORLDWIDE LIMITED
(DR. YAMUNADUTT AGRAWAL) Chairman/ Director
DIN : 00243 192
(CONSOLIDATED)
JINDAL WORLDWIDE LIMITED
Regd. Off: "lindal House",Opp. Dmart,I.O.C. Petrol Pump Lane, Shivranjani Shyamal 132 Ft Ring Road, Satellite, 'CIN: L17110a11986PLC008942 'Ph:079-71001500' 'E-mail Id: [email protected]: www.jindaltextlles.com\*
Consolidated Statement of Assets and Liabilities As At 31st March, 2021 ] (As per Schedule III of the Companies Act, 2013 and 1ND-AS
| (Rs. in Lakhs) | ||||
|---|---|---|---|---|
| Particulars | As at 31st March, 2021(Audited) | As at 31st March, 2020(Audited) | ||
| A | ASSETS | |||
| 1 Non-current assets | ||||
| (a) Property, Plant and Equipment | 22391.31 | 29507.28 | ||
| (b) Goodwill on Consolidation | 57.87 | 57.87 | ||
| (c) Capital work-in-progress | 643.08 | 0.00 | ||
| (d) Financial Assets | ||||
| (i) Investments | 1051.18 | 1973.36 | ||
| (ii) Other Financial Assets- | 94.66 | 95.06 | ||
| (e) Other Non-Current Assets | 23.22 | 23.22 | ||
| (f) Current Tax Assets | 231.30 | 0.00 | ||
| Sub-total - Non-current assets | 24492.62 | 31656.79 | ||
| 2 | Current assets | |||
| (a) Inventories | 28040.41 | 24495.32 | ||
| (b) Financial assets | ||||
| (i) Investments | 15.75 | 15.75 | ||
| (ii) Trade Receivables | 38144.55 | 42797.80 | ||
| (iii) Cash and Cash Equivalents | 1402.56 | 660.97 | ||
| (iv) Other Bank Balances | 2018.40 | 1454.36 | ||
| (v) Loans & Advances | 639.63 | 1312.65 | ||
| (vi) Other Financial Assets | 903.37 | 3925.48 | ||
| (c) Other Current Assets | 5639.54 | 4913.42 | ||
| Sub-total - Current assets | 76804,21 | 79575.75 | ||
| TOTAL - ASSETS | 101296.83 | 11123154 | ||
| B | EQUITY AND LIABILITIES | |||
| 1 Equity | ||||
| (a) Share capital -Equity | 2005.20 | 2005.20 | ||
| (b) Other Equity | 40038.94 | 35618.12 | ||
| (c) Minority Interest | 0.00 | 0.00 | ||
| Sub-total - Shareholders' funds | 42044.14 | |||
| 37623.32 | ||||
| 2 | Non-current liabilities | |||
| (a) Financial Liabilities | ||||
| (I) Borrowings | 11184.11 | 15083.91 | ||
| (ii) Other Financial Liabilities | 474.52 | 644.47 | ||
| (b) Deferred tax liabilities (net) | 1377.39 | 1056.87 | ||
| Sub-total - Non-current liabilities | 13036.02 | 16785.25 | ||
| 3 | Current liabilities | |||
| (a) Financial liabilities | ||||
| (I) Borrowings | 28794.44 | 34969.23 | ||
| (ii) Trade Payables | ||||
| • Total Outstanding dues of micro enterprises | ||||
| and small enterprises | 0.00 | 0.00 | ||
| • Total Outstanding dues of creditors other | ||||
| than micro enterprises and small enterprises | 11757.85 | 14914.22 | ||
| (iii) Other Financial Liabilites | 4400.68 | 2801.64 | ||
| (b) Other Current Liabilities | 1263.70 | 2935.09 | ||
| (c) Provisions | 0.00 | 0.00 | ||
| (d)Current-Tax Liabilities | 0.00 | 1203.79 | ||
| Sub-total - Current liabilities | 46216.67 | 56823.97 | ||
| TOTAL - EQUITY AND LIABILITIES | 101296.83 | 111232.54 |
Notes Attached
\ r JINDAL WORLDWIDE LIMITED AMUNADUTT AGRAWAL) Chairman/ Director DIN : 00243192
For and On Behalf of the Board
| NOTES To Audited Standalone & Consolidated Financial Results & Statement of | |||||
|---|---|---|---|---|---|
| Assets & Liabilities | |||||
| {For The Quarter And Financial Year Ended 31stMarch, 2021} | |||||
| 1. | The above Audited Standalone & Consolidated Financial Results of the Company for the quarter and financial yearended 31" March, 2021 have been reviewed by the Audit Committee and are approved by the Board of Directors inthe Meeting held on 22ndJune, 2021. | ||||
| 2. | The Board of Directors in its meeting held on 22"dJune, 2021 have recommended a Final Dividend of 5% of the paidup equity share capital (i.e. Rs. 0.05 paisa per equity share of Rs. 1/- each) for the Financial Year 2020-2021. | ||||
| 3, | The Statutory Auditors of the Company have carried out an Audit of the above Standalone & Consolidated FinancialResults & Statement of Assets & Liabilities of the Company for the quarter and financial year ended 31" March,2021in terms of Regulation 33 of the SEBI (LODR) Regulations, 2015 and have issued an unmodified IndependentAuditor's Report thereon. | ||||
| 4. | The Company has adopted, Indian Accounting Standards prescribed under Section 133 of the Companies Act,2013('Ind-AS') from 1stApril, 2017 and accordingly these financial results and all the periods presented have beenprepared in accordance with the recognition and measurement principles laid down in IND-AS 34 "Interim FinancialReporting" read with relevant rules issued thereunder and the other accounting principles generally accepted inIndia and discloses the information required to be disclosed in terms of Regulation 33 of the SEBI (LODR)Regulations, 2015 ( as amended). | ||||
| 5. | The company is engaged in business of 'Textile' and has only one reportable segment in accordance with Ind AS 108'Operating Segments' therefore segment reporting as defined in IND AS 108 is not applicable to the Company. | ||||
| 6, | The figures for the corresponding previous periods have been restated/regrouped wherever necessary, to makethem comparable. Expenses which are directly related to Sales like Discount, Sales Commission, Rate Difference andQuantity /Quality Claim have been reduced from the Revenue. During the year Yarn Sales (Raw Material) has beenshown by reducing the same from Yarn Purchase. | ||||
| 7. | Due to outbreak of Covid-19 globally and in India, the company's management has made initial assessment of likelyadverse impact on business and financial risks on account of Covid-19 and believes that the impact is likely to beshort term in nature. The Management does not see any medium to long term risks in the company's ability toContinue as a going concern and meeting its liabilities as and when the fall due, and Compliance with the debtcovenants as applicable. | ||||
| 8. | Pursuant to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated 26`hNovember, 2018-"Fund Raising by Issuanceof Debt Securities by Large Entities"; the Company do not fall under the category of Large Corporates as per thegiven applicability framework of the said circular as on 31" March, 2021..•f sil.li Li .":\ |
Page 1 of 2
| 9. | Pursuant to compliance of SEBI notification No. SEBI/LAD-NRO/GN/2018/1 dated 9' May, 2018 , a Statement OfCash Flows (both Standalone & Consolidated) for the Financial Year ended 31' March, 2021 is enclosed herewith asAnnexure-A to the said notes to Audited Standalone And Consolidated Financial Results & Statement of Assets &Liabilities. |
|---|---|
| 10. | The financial results for the quarter ended 31" March, 2021 forming part of the statement of Audited Standalone &Consolidated Financial Results are the balancing figure between the audited figures in respect of the full FinancialYear ended on 31stMarch, 2021 and the published year to date un-audited figures up to the third quarter of thefinancial year under review i.e. 31' December, 2020, which were subject to limited review by the StatutoryAuditor's thereon. |
| 11. | A statement of Audited Standalone & Consolidated Financial Results & Statement of Assets & Liabilities are alsoavailable on the website of BSE(www.bseindia.com), National Stock Exchange of IndiaLimitedLimited(www.nseindia.com) and on the website of the Company (www.lindaltextiles.com). |
Date:22ndJune, 2021 Place: Ahmedabad
JINDAL WORLDWIDE LIMITED
Regd. Off: "Jindal House",Opp. Dmart,I.O.C. Petrol Pump Lane, Shivranjani Shyamal 132 Ft Ring Road, Satellite,
Ahmedabad -380015
*CIN: L171100.11986PLC008942 *Ph:079-71001500*
*E-mail Id: [email protected]: www.jindaltextiles.com\*
Standalone Cash Flow Statement [ As At 31st March, 2021 1 (As per IND-AS )
| (Rs. in Lakhs) | |||
|---|---|---|---|
| Particulars | As at 31st March, 2021(Audited) | As at 31st March, 2020(Audited) | |
| A. Cash Flow from Operating Activities: | |||
| Profit before tax as per Profit and Loss Account | 6200.28 | 4272.22 | |
| Adjustments for: | |||
| Net Depreciation | 2824.51 | 4369.39 | |
| Capital Subsidy Reserve | (169.95) | (169.95) | |
| Interest income | (107.47) | (181.23) | |
| Profit on Sale of Investment | (289.41) | (86.21) | |
| Profit on Machinery | (1660.42) | 0.00 | |
| Dividend Income | 0.00 | (0.08) | |
| Finance Cost | 4842.16 | 5999.00 | |
| Operating Profit before working capital changes | 11639.70 | 14373.07 | |
| Adjusted for: | |||
| Inventories | (3671.63) | 2443.08 | |
| Trade receivables | 5205.65 | (6792.65) | |
| Other receivables | (10.60) | 320.89 | |
| Trade and Other Payables | (3203.85) | (3882.27) | |
| Cash Generated From Operations | 9959.27 | 6462.12 | |
| Taxes Paid | (1400.13) | (10.06) | |
| Net Cash Flow from Operating Activities:(A) | 8559.14 | 6452.06 | |
| B. Cash Flow from Investing Activities: | |||
| Purchase of Fixed Assets | (1078.92) | (491.36) | |
| Capital Work In Progresss | (96.82) | 0.00 | |
| Sale of Fixed Assets | 5267.94 | 20.00 | |
| Purchase of Investments | 868.23 | 1107.97 | |
| Capital Subsidy Reserve | 169.95 | 169.95 | |
| Profit on Sale of Investment | 289.41 | 86.21 | |
| Profit on Machinery | 1660.42 | 0.00 | |
| Dividend Income | 0,00 | 0.08 | |
| Interest Income | 107.47 | 181.26 | |
| Net Cash Flow from Investing Activities:(8) | 7187.68 | 904.16 | |
| C. Cash Flow from Financing Activities: | |||
| Other Long-Term Liabilities | (169.95) | (179.95) | |
| Net long term borrowings | (2623.74) | (3303.86) | |
| Short Term Borrowings (net) | (6760.73) | 2476.35 | |
| Dividend (Including dividend distribution tax) | 0.00 | (221.13) | |
| Finance Cost | (4842.16) | (5999.00) | |
| Net Cash Flow from Financing Activities:(C) | (14396.58) | (7227.60) | |
| 128.62 | |||
| Net Increase in Cash and Cash Equivalents (A+B+C) | 1350.24 | ||
| Opening Cash and cash equivalents | 2036.44 | 1907.82 | |
| Closing Cash and cash equivalents | 3386.68 | 2036.44 | |
Place: Ahmedabad
For and On Behalf of the Board For JINDAL WORLDWIDE LIMITED
(DR. YAMUNADUTT AGRAWAL) Chairman/ Director DIN : 00243192
ANNEXURE-A --(CONSOLIDATED'
JINDAL WORLDWIDE LIMITED
Regd. Off: "lindal House",Opp. Dmart,I.O.C. Petrol Pump Lane, Shivranjani Shyamal 132 Ft Ring Road, Satellite, *CIN: L17110G11986PLC008942 *Ph:079.71001500*
*E-mail Id: [email protected]* Website: www.jindaltextiles.com\*
Consolidated Cash Flow Statement [ As At 31st March, 2021 ] (As per IND-AS )
| (Rs. in Lakhs) | ||
|---|---|---|
| Particulars | As at 31st March, 2021 | As at 31st March, 2020 |
| (Audited) | (Audited) | |
| A. Cash Flow from Operating Activities: | ||
| Profit before tax as per Profit and Loss Account | 6241.09 | 3920.72 |
| Adjustments for: | ||
| Net Depreciation | 2926.95 | 4549.37 |
| Capital Subsidy Reserve | (169.95) | (169.95) |
| Profit on Sale of Investment | (289.41) | 0.00 |
| Interest income | (107.47) | (137.66) |
| Profit from Associate | 0.34 | 0.00 |
| Mat Credit Entitlement | 2.19 | 0.00 |
| Profit on Machinery | (1660,42) | 0.00 |
| Dividend Income | 0.00 | (0.08) |
| Finance Cost | 4933.20 | 6096.48 |
| Operating Profit before working capital changes | 11876.52 | 14258.88 |
| Adjusted for: | ||
| Inventories | (3545.09) | 3008.71 |
| Trade receivables | 4653.25 | (6315.19) |
| Other receivables | 1439.01 | 5455.87 |
| Trade and Other Payables | (3228.72) | (14129.21) |
| Cash Generated From Operations | 11194.97 | 2279.06 |
| Taxes Paid | (1407.37) | (116 38) |
| Net Cash Flow from Operating Activities:(A) | 9787.60 | 2162.68 |
| B. Cash Flow from Investing Activities: | ||
| Purchase of Fixed Assets | (1078.92) | (491.35) |
| Capital Work in Progress | (643.08) | 0.00 |
| Sale of Fixed Assets | 5267.94 | 23033.31 |
| Purchase of Investements | 0.00 | (1660.79) |
| Sale of Investements | 922.18 | 0.00 |
| Goodwill | 0.00 | 94.88 |
| Other Loans | 0.00 | 214.14 |
| Dividend Income | 0.00 | 0.08 |
| Capital Subsidy Reserve | 169.95 | 169.95 |
| Profit on Machinery | 1660.42 | 0.00 |
| Profit on Sale of Investment | 289.41 | 0.00 |
| Interest Income | 107.47 | 137.66 |
| Net Cash Flow from Investing Activities:(B) | 6695.37 | 21497.88 |
| C. Cash Flow from Financing Activities: | ||
| Other Long-Term Liabilities | (169.95) | (193.38) |
| Other Long-Term Assets | 0.40 | 0.00 |
| Net long term borrowings | (3899.80) | (20006.44) |
| Short Term Borrowings (net) | (6174.79) | 1540.20 |
| Dividend (Including dividend distribution tax) | 0.00 | (221.12) |
| Finance Cost | (4933.20) | (6096.49) |
| Net Cash Flow from Financing Activities:(C) | (15177.34) | (24977.23) |
| Net Increase in Cash and Cash Equivalents (A+B+C) | 1305.63 | (1316.68) |
| Opening Cash and cash equivalents | 2115.33 | 3432.01 |
| Closing Ca,.ilarELL•%0,equivalents | 3420.96 | 2115.33 |
Date : 22nd June 2021 Place: Ahmedabad
For and On Behalf of the Board JINDAL WORLDWIDE LIMITED
10R. YAMUNADUTT AGRAWAL) 't• 'V Chairman/ Director DIN : 00243192
Date: 22ndJune, 2021
To, National Stock Exchange of India Limited Exchange Plaza Plot no. C/1, G Block Bandra- Kuria Complex, Bandra (E) Mumbai - 400 051 NSE Company Code: JINDWORLD
The Bombay Stock Exchange Limited Listing Department PhirozJeejeebhoy Tower, 25th Floor, Dalai Street Mumbai — 400 001 BSE Company Code: 531543
Reference:
- Regulation 33(3)(d) of SERI (LODR) REGULATIONS, 2015 ,
- Notification No. SEBI/LAD-NRO/GN/2016-17/001 dated 25thMay, 2016, and
- Circular No. CIR/CFD/CMD/56/2016 dated 27thMay, 2016
Sub: Submission of DECLARATION IN RESPECT OF AUDIT REPORT WITH UNMODIFIED OPINION for the Audited Standalone & Consolidated Financial Results & Statement of Assets & Liabilities for the Financial Year ended on 31StMarch, 2021
Dear Sir/Ma'am,
With references to the above, the Company do hereby declares that the Statutory Auditors of the Company M/s. Saremal & Company, (FRN: 109281W), Practicing Chartered Accountants, Ahmedabad have expressed an Unmodified ❑pinion on their Auditor's Report on Audited Standalone and Consolidated Financial Results & Statement of Assets & Liabilities for the Financial Year ended on 31stMarch, 2021; which are duly considered and approved by the Board of Directors on 22"dJune, 2021 itself.
You are kindly requested to acknowledge and take the above into your records.
Thanking You, For and On Behalf of the Board Jindal Worldwide
Managing Director DIN: 00169061
"Jindal Corporate House" Opp. 0-mart, I.C.C. Petrol Pump Lane, Shivranjani Shyamal 132 Ft. Ring Road, Satellite, Ahmedabad-380015. INDIA. Tel 079-7100 1500-7100 1571 Email [email protected] Website : www.jindaltextiles.com GIN :L17110GJ1986PLC008942