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NDR Auto Components Limited Board/Management Information 2020
59373_rns_2020-11-30_659d8e8b-c435-4cd6-9cc7-fac3a12c8002.pdf
Board/Management Information
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Corporate office: Plot No.1, Maruti Joint Venture Complex, Gurugram, Haryana-122015 CEN: U29304DL2019PLC347460 Website: www.ndrauto.com Email id: ALUMI info@@ndrauto.com Phone No.: 9643339870-74
30" November, 2020
| NDR AUTO | COMPONENTSLIMITED |
|---|---|
| Corporate office: Plot No.1, Maruti Joint Venture Complex, Gurugram, Haryana-122015 | |
| CEN: U29304DL2019PLC347460Email id: ALUMIinfo@@ndrauto.com | Website: www.ndrauto.comPhone No.: 9643339870-74 |
| 30" November, 2020 | |
| BSE Limited | National Stock Exchange of India Ltd. |
| Corporate Relationship Deptt. | Exchange Plaza, Plot No.C/1, G-Block Bandra |
| PJ Towers, 25th Floor, Dalal Street, | Kurla Complex, Bandra (East), |
| Mumbai— 400 001Code No: 543214 | Mumbai— 400 051.Code No. NDRAUTO |
Sub: Outcome of the meeting
The Board of Directors of the Company at its meeting held on 30th November, 2020 inter alia has considered and transacted the following business:
- 1Considered and approved the unaudited Standalone & Consolidated financial results for the quarter/six months ended 30 September, 2020 along with limited review report.(attached as Annexure-l)
- Re-classified Mr. Sanjiv Kapur as Non-executive and Non-Independent Director
- Approved the appointment of Ms. Vanita Chhabra as Additional Director on the Board of the Company in the capacity of Independent Director, based on the recommendation(s) of Nomination & Remuneration Committee (details and profile enclosed as Annexure-ll).
- Approved the appointment of Mr. Rajat Bhandari as Additional Director on the Board of the Company, based on the recommendation(s) of Nomination & Remuneration Committee (Details and profile enclosed as Annexure-lil)
- Approved the appointment of Ms. Deepa Gopalan Wadhwa as Additional Director on the Board of the Company in the capacity of Independent Director, based on the recommendation(s) of Nomination & Remuneration Committee (details and profile enclosed as Annexure-lli).
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi 110037 Tel.; +91 011-6654 4976
Corporate office: Plot No.1, Maruti Joint Venture Complex, Gurugram, Haryana-122015 CIN: U29304D1L.201 9PLC347460 Website: www.ndrauto.com Email id: [email protected] Phone No.: 9643339870-74
- 6 Approved remuneration Mr. Pranav Relan, Whole time Director for 3 years w.e.f. 27/10/2020 to 26/10/2023, subject to shareholders approval in ensuing General meeting.
- 7 Appointed Mr. Ayush Relan and Mr. Rajat Bhandari, each as Whole time Director for 3 years w.e.f. 02/01/2021 to 01/01/2024 subject to shareholders approval in ensuing General meeting, (Detailed profile is enclosed as Annexure-!V-V).
- 8 Considered and approved the Draft Notice of 1 Annual General meeting of the Company and decided to hold 1% Annual General meeting of the Company on 24" December, 2020 through VC or OAVM.
- 9 Considered and approved the Directors' Report and Management Discussion and Analysis for the period ended March 31, 2020.
- 10 Approved recommendation of appointment of M/s S.S Kothari Mehta & Co., Chartered Accountants as Statutory Auditors for 5 years at ensuing Annual General Meeting.
| Mrs. Shyamla Khera Chairperson | Chairperson | Member | ||
|---|---|---|---|---|
| Mr. Sanjiv Kapur | - | Member | Chairperson | |
| Mr. Rohit Relan | Member | Member | - | |
| Mr. Rishabh Relan | - | Member | ||
| Ms. Vanita Chhabra Member | Member | - | ||
| 13 | approval at the ensuing Annual General Meeting.Further intimation given pursuant to Regulation 30 of the SEBI{Listing Obligations and | |||
| Disclosure Requirements) Regulations, 2015, it is informed that the Board has granted in |
Corporate office: Plot No.1, Maruti Joint Venture Complex, Gurugram, Haryana-122015 CIN: U29304DL201 9PLC347460 Website: www.ndrauto.com Email id: [email protected] Phone No.: 9643339870-74 principle approval for setting up of new production facility at Bengaluru. The capex and
feasibility study will be placed in next meeting.
The meeting starter at 11 a.m. and concluded as 01.40 PM.
You are requested to take the same on record.
For NDR AUTO COMPONENTS om LIMITED
4 oe
'asha Sinha Company Secretary Membership No. A27439
Registered office; Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IG| Airport, New Delhi 110037 Tel,: +91 011-6654 4976
Corporate office: Plot No.1, Maruti Joint Venture Complex, Gurugram, Haryana-122015 CIN: U29304D1L201 9PL,.C347460 Website: www.ndrauto.com Email id: i rauto.com Phone No.: 9643339870-74
| COMPONENTSAUTO | ||
|---|---|---|
| NDR | LIMITED | |
| Corporate office: Plot No.1, Maruti Joint Venture Complex, Gurugram, Haryana-122015CIN: U29304D1L201 9PL,.C347460 | Website: www.ndrauto.com | |
| Email id: i | rauto.com | Phone No.: 9643339870-74 |
| Details of Ms. Vanita Chhabra | ||
| S.No, | Particulars | Annexure-llDetails |
| 1 | appointment, InReasonchangeforviz.resignation, removal, death or otherwise | broadorderbasetoboard,VanitaexistingMs.Chhabrabeenhasappointed as an AdditionalCompany.DirectortheofSheyearshas40ofexperience in InternationalSourcingbusiness.WholeCurrently,sheisDirector of WilliamstimeSonomaIndia__—~PrivateassociationLimited.Herwill benefit in managementof the Company. |
| 2 | appointment/cessationDateofapplicable) Term of appointment | (as 30" November, 2020AppointedAdditionalascapacityDirectorofinindependent Director. |
| 3 | Brief profile (in case of appointment) | Profile attached |
| 4. | Shareholding, if any in the company | NiL |
| 5 | between NILRelationshipsDisclosureofAppointmentDirectorscaseofof(inaDirector) | |
| 6 | InformationpursuantrequiredastoCircular with ref.no.19 and the National Stock Exchange of india office of Director by virtueNSE/CML/2018/24,dated ofwithLtdno.ref.20th June, 2018 | BSE Ms. Vanita Chhabrais notLIST/COM P/14/2018- debarred from holding theOrderanyanySEBIorother such authority. |
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi 110037 Tel. +941 011-6654 4976
Corporate office: Plot No.1, Maruti Joint Venture Complex, Gurugram, Haryana-122015 CIN: U29304DL2019P1LC347460 Website: www.ndrauto.com Email id: [email protected] Phone No.: 9643339870-74 ©
Profile: Vanita Chhabra
-
- Name & Surname: Vanita Chhabra
-
- EDUCATIONAL & PROFESSIONAL QUALIFICATIONS B. Sc. from Lady Irwin College, Delhi University M.Sc. from Lady Irwin College, Delhi University
3. DETAILS OF EXPERIENCE/ EXPERTISE
She has 40 years of experience in international Sourcing business. Currently, she is Whole-time Director of Williams-Sonoma India Private Limited.
Work experience:
- Partner, collaborate and manage with International Business Strategy, Product Development teams & Brand representatives in the US to develop and implement global initiatives, focusing on market expansion, product innovation, risk mitigation plans and process improvement.
- Generate creative ideas, evaluate and lead expansion opportunities. Develop innovative global ready products across multiple product categories and Brands.
- Align with corporate sourcing teams and lead short- and long-term strategic sourcing plan from India, Bangladesh, Nepal and Europe.
- Research, identify and develop new vendor base in order to meet the company's product requirements and mitigate risk by diversifying supplier placement. Ensure rationalization of vendor base to support and deliver the overall business strategy.
- Formulate & drive costing strategy for the countries in concurrence with the respective Brand Margin Strategy.
- Expand the Global Sustainability & CSR Projects and translate them for country level implementation.
- Ascertain the achievement of business parameters for the successful delivery of merchandise within defined timelines and cost; meeting the requisite legal, safety and environment compliances.
- Translate and implement the Sourcing strategies for the country across various product categories and Brands.
- Supervise and guide the respective Merchandising Directors on alignment with brand strategy, vendor management and risk mitigation plan. Oversee and appraise the plans developed by the team of Merchandising Directors in order to expand business within/outside the geography; innovation in the existing product lines and process improvements.
- Formulate & drive costing strategy for vendors across categories. Analyze vendor matrix and build risk mitigation plan to ensure continuous supply of merchandise at right cost with desired quality.
- Create financial goals for the office & authorize the budgetary decisions for the smooth functioning and maintaining the good financial health of the office.
- Direct the team of seasoned specialists of Merchandising, People and Sustainability working in the capacity of Head of Departments. Delegate the day-to-day decision making in their respective work areas In order to achieve the department level objectives and tactical team management.
- Manage a team of 7 Direct Reports and 120 employees in India to implement the business strategy & manage the operations in india, Bangladesh & Nepal. Manager a team of 1 Direct report and 30 employees in Europe to implement business strategy and manage the operations in Italy, Portugal & Turkey. Ensure development of the right personnel strategies and culture of the organization.
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi 110037 Tel; +94 011-6654 4976
Corporate office: Plot No.1, Maruti Joint Venture Complex, Gurugram, Haryana-122015 CIN: U29304D1.201 9PLC347460 Website: www.ndrauto.com Phone No.: 9643339870-74
| Details of Ms Deepa Gopalan Wadhwa | Annexure-II] | ||
|---|---|---|---|
| -- | ------------------------------------ | -- | -------------- |
| COMPONENTSNDR AUTO | LIMITED | |
|---|---|---|
| Corporate office: Plot No.1, Maruti Joint Venture Complex, Gurugram, Haryana-122015CIN: U29304D1.201 9PLC347460 | Website: www.ndrauto.comPhone No.: 9643339870-74 | |
| Details of Ms Deepa Gopalan Wadhwa | Annexure-II] | |
| S.No. | Particulars | Details |
| 1 | appointment, InReasonchangeforviz.resignation, removal, death or otherwise | broadorderbasetoDeepaboard,existingMs.Gopalan Wadhwa has beenappointed as an AdditionalCompany.DirectortheofShe wasForeignIndianinSheServices till2015.has36 years of experience andhas handled a wide swathesubjectsandissuesofrelated to India's relationswith key countries such asPakistan, China, and Japan.Her association will benefitmanagementtheofinCompany. |
| 2 | appointment/cessationDateofapplicable) Term of appointment | (as 30'* November, 2020AppointedAdditionalascapacityDirectorofinIndependent Director. |
| 3 | Brief profile (in case of appointment) | Profile attached |
| 4. | Shareholding, if any in the company | NIL |
| 5 | between NILDisclosureRelationshipsofAppointmentDirectorscaseofof(inaDirector) | |
| 6 | InformationpursuantBSE Ms.requiredastoP/14/2018- Wadhwano. LIST/COMCircular with ref.19 and the National Stock Exchange of India fromNSE/CML/2018/24,withLtdno.ref.20th June, 2018 | DeepaGopalandebarrednotisholding the office ofdated DirectoranyvirtuebyofOrderotheranySEBIorsuch authority. |
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi 110037 Tel; +94 011-6654 4976
Corporate office: Plot No.1, Maruti Joint Venture Complex, Gurugram, Haryana- 122015 CIN: U29304DL2019PLC347460 Website: www.ndrauto.com Email id: info@ndr Phone No.: 96433398 70-74
BRIEF PROFILE OF Ms. DEEPA GOPALAN WADHWA
Ms. Deepa Gopalan Wadhwa has been a distinguished career diplomat who joined the Indian Foreign Service (IFS) in 1979 and retired in December 2015.
She has served as Ambassador of India to Japan (2012-2015), Qatar (2009-2012) and Sweden (2005-2009). She was concurrently accredited as Ambassador to Latvia (from Stockholm), and Republic of the Marshall Islands (from Tokyo). During her career, she has also held other significant assignments in China, Geneva, The Netherlands, the International Labour Organization (ILO) and the Ministry of External Affairs.
In the course of her career spanning over 36 years, she has handled a wide swathe of issues and subjects related to India's relations with key countries such as Pakistan, China, and Japan; participated in international conferences and negotiations related to climate change, sustainable development, disarmament and human rights and was instrumental in the active promotion of India's economic interests in areas of trade, technology, investments and energy security during postings in Europe, the GCC and Japan.
Ms. Wadhwa is currently Chairperson of the India- Japan Friendship Forum, Member Governing Council of the Institute of Chinese Studies and is on the Governing Council of the Asian Confluence, based in Shillong. She also serves as independent Director and advisor on the Boards of a few companies.
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi 110037 'Fel: +94 011-6654 4976
| COMPONENTSNDR AUTOCorporate office: Plot No.1, Maruti Joint Venture Complex, Gurugram, Haryana-122015 | LIMITED | |
|---|---|---|
| CEN: U29304D1L20 | 9PLC3474601 | Website: www.ndrauto.com |
| Details of Mr, Ayush Relan | Phone No.: 9643339870-74 | |
| S.No. | Particulars | Annexure-lVDetails |
| 1 | appointment, Mr. AyushReasonchangeforviz.resignation, removal, death or otherwise | Relan has beenWholeappointedtimeashaveDirector,order toineffectivecontrolandmanagementAyushMr.specialisationRelanhasbusiness development andnewprojects.HisassociationbenefitwillinmanagementtheofCompany. |
| 2 | appointment/cessationDateofapplicable) Term of appointment | Whole(as AppointedtimeasDirector foryearsw.e.f32" January, 2021 subject toshareholderapprovalinAnnualGeneralensuingMeeting of the Company. |
| 3 | Brief profile (in case of appointment) | Profile attached |
| 4 | Shareholding, if any in the company | 4421 shares (0.07%) |
| 5 | between Mr.RelationshipsDisclosureofAppointmentDirectorscaseofof(inDirector) | AyushRelanis son ofa Mr. Rohit RelanRishabhMr.Relan,Mr.Pranavand =RelanMr.Ayush Relan are brothers. |
| 6 | InformationpursuantrequiredBSE Mr.toasCircular with ref. no. LIST/COM19 and the National Stock Exchange of India office of Director by virtueNSE/CML/2018/24,dated ofwithLtdno.ref.20th June, 2018 | AyushRelannotisP/14/2018- debarred from holding theOrderanyanySEBIorother such authority. |
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi 110037 Tel: #94 011-6654 4976
Corporate office: Plot No.1, Maruti Joint Venture Complex, Gurugram, Haryana-122015 CEN: U29304D1L201 9PLC347460 Website: www.ndrauto.com Phone No.: 9643339870-74
Profile of Mr, Ayush Relan
Mr Ayush Relan is 28 Years old with a dynamic personality, who is keenly involved in growing the business.
He did his Bachelor of Science in Business Administration with specialisation in Entrepreneurship & Marketing from North Eastern University in Boston, U.S.A. Currently he is Assistant Chief Operating Officer in Bharat Seats Limited responsible for business development and new projects.
| CIN: U29304D1 | COMPONENTSNDR AUTOCorporate office: Plot No.1, Maruti Joint Venture Complex, Gurugram, Haryana-122015201 9PLC347460 | LIMITED |
|---|---|---|
| Email id: info | Details of Mr. Rajat Bhandari | Website: www.ndrauto.comPhone No.: 9643339870-74Annexure-V |
| S.No.1 | Particularsappointment, inReasonchangeforviz.resignation, removal, death or otherwise | Detailsbroadorderbasetoboard,existingMr.RajatBhandaribeenhasappointed as an AdditionalCompany.DirectortheofworkedBhandariMr.hasfunctionsacrossvariousFinance,suchasPurchaseSecretarial,&Chain.SupplyHisassociationbenefitwillinmanagementtheofCompany. |
| 2 | appointment/cessationDateof(as;applicable) Term of appointment | 30November,2020(AppointedAdditionalasDirector)WholeAppointedtimeasDirector foryearsw.e.f32" January, 2021 subject toshareholderapprovalinensuingAnnualGeneralMeeting of the Company. |
| 3 | Brief profile {in case of appointment) | Profile attached |
| 4 | Shareholding, if any in the company | NIL |
| 5 | between NILRelationshipsDisclosureofAppointmentDirectorscaseofof(inaDirector) | |
| 6 | InformationpursuantrequiredBSE Mr.astoLIST/COMCircular with ref.no.19 and the National Stock Exchange of India office of Director by virtueNSE/CML/2018/24,withLtdno.ref.20th June, 2018 | BhandariRajatnotisP/14/2018- debarred from holding thedated of anyOrderanySEB!orother such authority. |
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity, GI Airport, New Delhi 110037 Tel: +91 011-6654 4976
Corporate office: Plot No.1, Maruti Joint Venture Complex, Gurugram, Haryana-122015 CEN: U29304D1L201 9PLC347460 Website: www. ndrauto.com Email id: [email protected] Phone No. 9643339870-74
_ Profile of Mr, Rajat Bhandari
Mr Rajat Bhandari is a Chartered Accountant & a Company Secretary with over 34 years of postqualification experience in indian automotive component industry. He has worked across various functions such as Finance, Secretarial, Purchase & Supply Chain in various companies of Escorts group, Federal Mogul Goetze India Limited and Bharat Seats Limited.
E-61, Lower Ground Floor, Kalkaji, New Delhi-110019 (India) Ph. : (011) 40543700 E-mail : [email protected] / Website : www.guptavigg.com
independent Auditors' Review Report on Quarterly and Year to Date Unaudited Standalone Financial Financial Results Results of of NDR NDRAu Auto Components _Li Limited under Regulation 33 of of the SEBI (Listing Obligatio Obligation and Disclosure Requirements) Regulation, 2015
To The Board of Directors of NDR Auto Components Limited
-
- We have reviewed the accompanying statement of unaudited standalone financial results of NDR Auto Components Limited ("the Company") for the quarter ended September 30, 2020 and year to date results for the period from April 01, 2020 to September 30, 2020 ('the Statement"), attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended.
-
- This statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), 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 issue a report on the statement based on our review.
-
- We conducted our review of the statement in accordance with the Standard on Review Engagement (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India. ~ This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
-
- Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with applicable Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other recognized accounting practices and policies generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
-
- Emphasis of Matter
We draw attention to Note 4 to the standalone financial results, which describes the possible effect of uncertainties relating to C es pandemic on the Company's financial GC.
Our conclusion is not modified in respect of the above matter.
For Gupta Vigg & Co. Chartered Accountant: Place: New Delhi Paitfier Aco!) Date: 30.11.2020 Membership No. 5247 os ICAI UDIN: 20 124 7 7BAAAADIS32Y Y
NDR Auto Components Limited Regd. Office : Level - 5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi - 110037 CIN: U29304DL2019PLC347460
WEBSITE: www.ndrauto.com; E-mail: [email protected], Phone: +91 11 66544976
| ,NDR Auto Components LimitedRegd. Office : Level - 5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi - 110037CIN: U29304DL2019PLC347460WEBSITE: www.ndrauto.com; E-mail: [email protected], Phone: +91 11 66544976STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2020(Rs. in lakhs, except per share data)Quarter EndedSix MonthsFor the period fromSr.No.ParticularsSeptember 30,EndedJanuary 01, 2019 to2020September 30,March 31, 2020(Unaudited)(Unaudited)(Audited)1Income:Revenue from operations2,849.253,134.819,661.52Other Income178.57320.67918.65Total income3,027.823455.4810,580.172Expensesa) Cost of materials consumed2,151.722,366.207,106.01(11.69)25.87103.41b) Changes in inventories of finished goods, traded goods and work-in-progressc) Employee benefits expense87.56163.95492.93d) Finance costs0.451.0715.48e) Depreciation and amortisation expense116.35217.56737.54f) Other expenses345.98481.442,025.30Total expenses2,690.373,256.0910,480.673Profit/(loss) before Tax (1-2)337.45199.3999.504Tax expensesa) Current tax51.3451.3450.40b) Deferred tax expense/( credit)(3.39)(4.97)(117.49)Total tax expense47.9546.37(67.09)5Profit/(loss) for the period (3-4)289.50153.02166.596Other comprehensive income/(loss), net of income tax(4.87)(9.68)(24.11)Items that will not be reclassified to profit & loss in subsequent periods, net of tax7Total comprehensive income/(loss) for the period, net of tax (5+6)284.63143.34142.488Paid-up equity share capital (face value of Rs.10/- per share )594.63594.63594.639Other equity (reserve) as shown in the audited balance sheet12,668.04Earning per equity share (EPS)* (nominal value of Rs.10/- each) :10a) Basic ( Rs.)4.872.572.80b) Diluted ( Rs.)4.872.572.80*EPS is not annualised for the quarter and six months ended September 30, 2020.NOTES :1TheaboveunauditedstandalonefinancialresultsofNDRAutoComponentsLimited("theCompany")havebeenpreparedinaccordancewithIndianAccountingStandards(IND-AS)asprescribedundersection133oftheCompaniesAct,2013readwithRule3oftheCompanies(IndianAccounting Standards) Rules, 2015 and the Companies (Indian Accounting Standards) Rules, 2016 and relevant amendment rules thereafter.2TheSales/Purchasehavebeenrecognisedbasedoncontractpricewiththecustomers/vendorswhicharesubjecttoescalationsandde-escalationsbasisannualpricerevision.TheCompanyestimatedsuchescalationsandde-escalationsonbestestimatebasisandthesewillbeformalisedbyyearend. | |||
|---|---|---|---|
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2020
- 3 The above unaudited standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 30th November, 2020. The above financial results of Auto Components for quarter/ period ended september 30, 2020 subjected to limited review by the statutory auditors of the Company in accordance with the Standard on Review Engagements (SRE) 2410 The Company has considered the possible effects that may result from the pandemic relating to COVID-19 on the carrying amounts of property, plant and equipments, investments, inventories, receivables and other current assets. In developing the assumptions relating to the possible future uncertainities in the global economic conditions because of this pandemic, the Company, as at the date of approval of these financials results has used internal and external sources on the expected future performance of the Company. The Company has performed sensitivity analysis on the assumptions used and based on current estimates expects the carrying amount of these assets will be recovered. The impact of COVID -19 on the The Company has been listed on Bombay Stock Exchange Limited and National Stock Exchange Limited from July 30, 2020. Hence the comparative figures for the quarter ended on 30.06.2020, 30.09.2019 and corrosponding six months period ended on 30.09.2019 have not been The Company has only one reportable business segment as it manufactures and deals only in auto component parts in terms of Ind AS 108 Further, the Company operates only in one geographical segment -India. All the assets of the Company are located in India. The chief operating officer and chief financial officer (chief operating decision maker) monitors the operating results as one single segment for the purpose of making decisions about resource allocation and performance assessment. Accordingly, there are no separate reportable segments as per IND-AS 108, prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015, as amended.
- 4 Company's financial results may differ from that estimated as at the date of approval of these financial results. The unaudited standalone financial results of the Company for the quarter/ half year ended on September 30, 2020 are also available on the
- 5 presented.
- 6 issued by the Institute of Chartered Accountants of India.
- 7 The figures of previous period have been re-grouped and re-arranged, wherever required.
- 8 Company's websites (www.ndrauto.com) and on the website of BSE (www.bseindia.com) and NSE (www.nseindia.com).
DATE: 30th November 2020
PLACE: Gurugram For and on behalf of the Board of Directors
Pranav Relan
Whole Time Director
NDR Auto Components Limited Regd. Office : Level - 5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi - 110037 CIN: U29304DL2019PLC347460 WEBSITE: www.ndrauto.com; E-mail: [email protected], Phone: +91 11 66544976
| NDR Auto Components LimitedRegd. Office : Level - 5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi - 110037CIN: U29304DL2019PLC347460WEBSITE: www.ndrauto.com; E-mail: [email protected], Phone: +91 11 66544976 | |||
|---|---|---|---|
| STANDALONE UNAUDITED STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2020 | |||
| (Rs. in lakhs) | |||
| As atSEPTEMBER 30, | As at | ||
| 2020 | March 31, 2020 | ||
| (Unaudited) | (Audited) | ||
| 1 | ASSETSNon-current assets | ||
| a) Property plant & equipment | 3,112.07 | 3,307.47 | |
| b) Capital work in progress | - | - | |
| c) Right-of-use assets | 13.85 | 35.92 | |
| d) Intangible assetse) Financial assets | 0.31 | 0.36 | |
| i) Investments | 165.50 | 165.50 | |
| ii) Others | 40.47 | 40.47 | |
| f) Other non-current assets | 48.21 | 11.44 | |
| g) Non-current tax assetsh) Deferred tax assets (net) | -130.57 | 17.07125.60 | |
| Total non-current assets | 3,510.98 | 3,703.83 | |
| 2 | Current assetsa) Inventories | 743.46 | 689.99 |
| b) Financial assets | |||
| i) Trade receivables | 1,684.07 | 606.30 | |
| ii) Cash and cash equivalents | 2,547.24 | 524.07 | |
| iii) Other bank balances | 7,090.70 | 9,086.00 | |
| iv) Other financial assetsc) Other current assets | 357.7677.06 | 510.59115.33 | |
| d) Asset held for sale | 0.08 | 0.08 | |
| Total current assets | 12,500.37 | 11,532.36 | |
| TOTAL ASSETS | 16,011.35 | 15,236.19 | |
| EQUITY AND LIABILITIES | |||
| 1 | Equity | ||
| a) Equity share capital | 594.63 | 594.63 | |
| b) Other equityTotal equity | 12,811.3813,406.01 | 12,668.0413,262.67 | |
| 2 | LIABILITIES | ||
| Non- Current liabilities | |||
| ProvisionsTotal Non-current liabilities | 50.4650.46 | 82.1082.10 | |
| Current liabilities | |||
| a) Financial liabilities | |||
| i)Trade payables | 106.06 | 67.19 | |
| -Total outstanding dues of micro enterprises and small enterprises | |||
| - Total outstanding dues of creditors other than micro enterprises | 2,069.57 | 1,506.94 | |
| and small enterprises | |||
| ii) Lease liabilitiesiii) Other financial liabilities | 14.5352.54 | 37.5474.89 | |
| b) Current tax liability (net) | 17.83 | - | |
| c) Other current liabilities | 145.63 | 95.60 | |
| d) Provisions | 148.72 | 109.26 | |
| Total current liabilitiesTotal liabilities | 2,554.882,605.34 | 1,891.421,973.52 | |
| TOTAL EQUITY AND LIABILITIES | 16,011.35 | 15,236.19 | |
| - | 0 | ||
| For and on behalf of the Board of Directors | |||
| PLACE: | Gurugram | ||
| 30th November 2020 | |||
| Pranav Relan | |||
| DATE: | Whole Time Director |
STANDALONE UNAUDITED STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2020
NDR Auto Components Limited Regd. Office : Level - 5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi - 110037 CIN: U29304DL2019PLC347460
STANDALONE STATEMENT OF UNAUDITED CASH FLOW FOR SIX MONTHS ENDED SEPTEMBER 30, 2020
| NDR Auto Components LimitedRegd. Office : Level - 5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi - 110037 | |
|---|---|
| CIN: U29304DL2019PLC347460 | |
| WEBSITE: www.ndrauto.com; E-mail: [email protected], Phone: +91 11 66544976 | |
| STANDALONE STATEMENT OF UNAUDITED CASH FLOW FOR SIX MONTHS ENDED SEPTEMBER 30, 2020 | |
| For the six months endedSeptember 30, 2020 | |
| Unaudited | |
| A.CASH FLOW FROM OPERATING ACTIVITIES | |
| Profit before income tax | 199.39 |
| Adjustments to reconcile profit before tax to net cash flows: | |
| Depreciation and amortization expense | 217.56 |
| Finance cost | 0.04 |
| Interest on lease liability | 1.03 |
| Interest income (including fair value change in financial instrument) | (275.67) |
| Dividend Income | (45.00) |
| Operating profit before working capital changes | 97.35 |
| Adjustments for changes in working capital : | |
| (Increase)/decrease in inventories | (53.47) |
| (Increase)/decrease in trade receivables | (1,077.77) |
| (Increase)/decrease in other financial assets | 103.84 |
| (Increase)/decrease in other assets | 38.43 |
| Increase/(decrease) in trade payables | 601.50 |
| Increase/(decrease) in other liabilities | 50.03 |
| Increase/(decrease) in other financial liabilitiesIncrease/(decrease) in provisions | (22.35)(5.11) |
| Cash generated from operating activities | (267.55) |
| Income tax paid (net of refunds) | (13.18) |
| Net cash flow from/ (used in) operating activities | (280.73) |
| B.CASH FLOW FROM INVESTING ACTIVITIES | |
| Purchase of property, plant and equipment including capital advances net of capital creditors | (36.94) |
| Fixed Deposits matured/(made) during the year | 1,995.30 |
| Dividend received from non current investment | 45.00 |
| Interest income received | 324.62 |
| Net cash from/(used in) investing activities | 2,327.98 |
| C.CASH FLOW FROM FINANCING ACTIVITIES: | |
| Repayment of principal lease paymentRepayment of interest on lease liability | (23.01)(1.03) |
| Other finance cost paid | (0.04) |
| Net cash from /(used in) financing activities | (24.08) |
| Net increase in cash and cash equivalents (A+B+C) | 2,023.17 |
| Cash and cash equivalents at the beginning of the period | 524.07 |
| Cash and cash equivalents at the end of the period | 2,547.24 |
Note: The cash flow statement has been prepared under the indirect method as set out in Indian Accounting Standard (IND AS) 7 statement of cash flows.
For and on behalf of Board of Directors
Place: Gurugram Pranav Relan Date: 30th November 2020 Whole Time Director
E-61, Lower Ground Floor, Kalkaji, New Delhi-110019 {India} Ph. : (011) 40543700 E-mail : [email protected] / Website : www.guptavigg.com
Independent Auditors' Review Report on Quarterly and Year to Date Unaudited Consolidated Financial Results of NDR Auto Components Limited under Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015
To The Board of Directors of NDR Auto Components Limited
-
- We have reviewed the accompanying statement of unaudited consolidated financial results of NDR Auto Components Limited (hereinafter referred to as the "Parent Company") and its share of the net profit after tax and total comprehensive income of its associate company and joint ventures for the quarter ended September 30, 2020 and year to date results for the period from April 01, 2020 to September 30, 2020 ("the Statement'), attached herewith, being submitted by the Parent Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended.
-
- This statement, which is the responsibility of the Parent Company's Management and approved by the Parent Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ('Ind AS 34"), 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 a conclusion on the statement based on our review.
-
- We conducted our review of the statement in accordance with the Standard on Review Engagement (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.
. The statement includes the results of the following entities:
| statement includes the results of the following entities: | ||
|---|---|---|
| S.No. Name of the Entity | Relationship | |
| 1 | Bharat Seats Limited | Associate Company |
| 2 | Toyota Boshoku Relan India Private Limited | Joint Venture |
| 3 | Toyo Sharda India Private Limited | Joint Venture |
- . Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review report of other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with applicable Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other recognized accounting practices and policies generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
- . Emphasis of Matter
We draw attention to Note 4 to the consolidated financial results, which describes the possible effect of uncertainties relating to COVID-19 pandemic on the Group's financial performance as assessed by the management.
Our conclusion is not modified in respect of the above matter.
_ We did not review the interim financial statement/ financial information/ financial result of one associate company included in the statement, whose interim financial statement/ financial information/ financial results reflect total net profit after tax of Rs. 93.63 lakhs and total net loss after tax of Rs. 208.94 lakhs and total comprehensive income of Rs. 93.77 lakhs and total comprehensive loss of Rs. 208.74 lakhs for the quarter ended September 30, 2020 and for the period from April 01, 2020 to September 30, 2020, respectively, as considered in the consolidated unaudited financial results. These interim financial statement/ financial information/ financial results have been reviewed by other auditors whose report have been furnished to us by the management and our conclusion on the statement, in so far as it relates to the amounts and disclosures included in respect of this one associate company, is based solely on the report of the other auditors and the procedures performed by us as stated in paragraph 3 above.
Our conclusion on the statement is not modified in respect of the above matter.
_ The statement includes the interim financial statements/ financial information/ financial results of two joint venture companies, which have not been reviewed/ audited, whose interim financial statements/ financial information/ financial results reflect total net profit after tax of Rs. 37.30 lakhs and Rs. 3.26 lakhs and total comprehensive income of Rs. 37.30 lakhs and Rs. 3.26 lakhs for the quarter ended September 30, 2020 and for the period from April 01, 2020 to September 30, 2020, respectively, as considered in the consolidated unaudited financial results. These interim financial statements/ financial information/ financial results have been furnished to us by the management of the Parent Company and our conclusion on the statement, in so far as it relates to the amounts and disclosures included in respect of these two joint venturescompanies, is based solely on such unaudited financial statements/ financial Ano mR ancial results. According to
the information and explanations given to us by the management, these interim financial statements/ financial information/ financial results are not material to the Group.
Our conclusion on the statement is not modified in respect of the above matter.
For Gupta Vigg & Co. Chartered Accountants| > Firm Registration No. 00 \
Place: New Delhi Date: 30.11.2020 Membership No. 524778 | ICAI UDIN: 20324778 AARAADXIIFY
NDR Auto Components Limited Regd. Office : Level - 5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi - 110037 CIN: U29304DL2019PLC347460
STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2020
| NDR Auto Components LimitedRegd. Office : Level - 5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi - 110037 | ||||
|---|---|---|---|---|
| CIN: U29304DL2019PLC347460WEBSITE: www.ndrauto.com; E-mail: [email protected] Phone: +91 11 66544976 | ||||
| STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2020 | ||||
| (Rs. in lakhs, except per share data) | ||||
| Sr.No. | Particulars | Quarter Ended | Six Months Ended | For the period |
| September 30, 2020 | September 30, 2020 | from January 01, | ||
| 2019 to March 31,2020 | ||||
| (Unaudited) | (Unaudited) | (Audited) | ||
| 1 | Income: | |||
| Revenue from operations | 2,849.25 | 3,134.81 | 9,661.52 | |
| Other Income | 133.57 | 275.67 | 808.40 | |
| Total income | 2,982.82 | 3410.48 | 10,469.92 | |
| Expenses | ||||
| 2 | a) Cost of materials consumed | 2,151.72 | 2,366.20 | 7,106.01 |
| b) Changes in inventories of finished goods, traded goods and work-in-progress | (11.69) | 25.87 | 103.41 | |
| c) Employee benefits expense | 87.56 | 163.95 | 492.93 | |
| d) Finance costs | 0.45 | 1.07 | 15.48 | |
| e) Depreciation and amortisation expense | 116.35 | 217.56 | 737.54 | |
| f) Other expensesTotal expenses | 345.982,690.37 | 481.443,256.09 | 2,025.3010,480.67 | |
| 3 | Profit/(loss) before Tax (1-2) | 292.45 | 154.39 | (10.75) |
| 4 | Tax expenses | |||
| a) Current tax | 40.01 | 40.01 | 50.40 | |
| b) Deferred tax expense/( credit) | (3.39) | (4.97) | (117.49) | |
| Total tax expense | 36.62 | 35.04 | (67.09) | |
| 5 | Profit/(loss) for the period (3-4) | 255.83 | 119.35 | 56.34 |
| 6 | Share of profit/(loss) of associate (net of tax) | 93.63 | (208.94) | 492.81 |
| 7 | Share of profit/(loss) of joint ventures (net of tax) | 37.30 | 3.26 | 109.91 |
| 8 | Profit/ (loss) for the period / year (5+6+7) | 386.76 | (86.33) | 659.06 |
| 9 | Other comprehensive income/(loss), net of income tax | |||
| a) Items that will not be reclassified to profit & loss in subsequent periods, net oftax | (4.73) | (9.48) | (11.94) | |
| 10 | Total comprehensive income/(loss) for the period/year, net of tax (8+9) | 382.03 | (95.81) | 647.12 |
| 11 | Paid-up Equity Share Capital (Face value of Rs.10/- per share ) | 594.63 | 594.63 | 594.63 |
| 12 | Other equity (reserve) as shown in the Audited Balance Sheet | 16,362.81 | ||
| 13 | Earning per equity share (EPS)* (nominal value of Rs.10/- each) : | |||
| a) Basic ( Rs.) | 6.50 | (1.45) | 11.08 | |
| b) Diluted ( Rs.) | 6.50 | (1.45) | 11.08 | |
| *EPS is not annualised for the quarter and six months ended September 30, 2020. |
NOTES :
- 1 The above unaudited consolidatd financial results of NDR Auto Components Limited ("the Company") have been prepared in accordance with Indian Accounting Standards (IND-AS) as prescribed under section 133 of the Companies Act, 2013 read with Rule 3 of the Companies(Indian Accounting Standards) Rules, 2015 and the Companies (Indian Accounting Standards) Rules, 2016 and relevant amendment rules thereafter.
- 2 end.
- 3 The Sales/Purchase have been recognised based on contract price with the customers/vendors which are subject to escalations and de-escalations basis annual price revision. The Company estimated such escalations and de-escalations on best estimate basis and these will be formalised by year The Company has only one reportable business segment as it manufactures and deals only in auto component parts in terms of Ind AS 108 Further, the Company operates only in one geographical segment -India. All the assets of the Company are located in India. The chief operating officer and chief financial officer (chief operating decision maker) monitors the operating results as one single segment for the purpose of making decisions about resource allocation and performance assessment. Accordingly, there are no separate reportable segments as per IND-AS 108, prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015, as amended.
- 4 The unaudited consolidated financial results of the company for the quarter/half year ended September 30, 2020 are also available on the Company's The above unaudited consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 30th November, 2020. The above financial results of Auto Components for quarter/period ended September 30, 2020 subjected to limited review by the statutory auditors of the Company in accordance with the Standard on Review Engagements (SRE) 2410 The Company has considered the possible effects that may result from the pandemic relating to COVID-19 on the carrying amounts of property, plant and equipments, investments, inventories, receivables and other current assets. In developing the assumptions relating to the possible future uncertainities in the global economic conditions because of this pandemic, the Company, as at the date of approval of these financials results has used internal and external sources on the expected future performance of the Company. The Company has performed sensitivity analysis on the assumptions used and based on current estimates expects the carrying amount of these assets will be recovered. The impact of COVID -19 on the Company's financial results may differ from that estimated as at the date of approval of these financial results. The Company has been listed on Bombay Stock Exchange Limited and National Stock Exchange Limited from July 30, 2020. Hence the comparative
- 5 figures for the quarter ended on 30.06.2020 and 30.09.2019 and corrosponding six months period ended on 30.09.2019 have not been presented.
- 6 The Consolidated financial results include the results of the Company, 1 associate and 2 joint ventures.
- 7 issued by the Institute of Chartered Accountants of India.
- 8 The figures of previous period have been regrouped/ rearranged wherever required.
- 9 website (www. ndrauto.com) and on the website of BSE (www.bseindia.com) and NSE (www.nseindia.com).
DATE: November 30, 2020
PLACE: Gurugram For and on behalf of the Board of Directors
(Pranav Relan) Whole Time Director
NDR Auto Components Limited Regd. Office : Level - 5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi - 110037 CIN: U29304DL2019PLC347460
CONSOLIDATED STATEMENT OF CASH FLOW FOR SIX MONTH ENDED SEPTEMBER 30, 2020
| NDR Auto Components Limited | ||
|---|---|---|
| Regd. Office : Level - 5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi - 110037 | ||
| CIN: U29304DL2019PLC347460 | ||
| WEBSITE: www.ndrauto.com; E-mail: [email protected] Phone: +91 11 66544976 | ||
| CONSOLIDATED STATEMENT OF CASH FLOW FOR SIX MONTH ENDED SEPTEMBER 30, 2020 | ||
| For the six month ended | ||
| September 30, 2020 | ||
| Unaudited | ||
| A. | CASH FLOW FROM OPERATING ACTIVITIES | |
| Profit before income tax | 154.39 | |
| Adjustments to reconcile profit before tax to net cash flows: | ||
| Depreciation and amortization expense | 217.56 | |
| Finance cost (including fair value change in financial instrument) | 1.07 | |
| Interest income (including fair value change in financial instrument) | (275.67) | |
| Operating profit before working capital changes | 97.35 | |
| Adjustments for changes in working capital : | ||
| (Increase)/decrease in inventories | (53.47) | |
| (Increase)/decrease in trade receivables | (1,077.77) | |
| (Increase)/decrease in financial assets | 103.84 | |
| (Increase)/decrease in others assets | 38.43 | |
| Increase/(decrease) in trade payables | 601.48 | |
| (Increase)/decrease in other liabilities | 50.05 | |
| Increase/(decrease) in other financial liabilities | (22.35) | |
| Increase/(decrease) in provisions | (5.11) | |
| Cash generated from operating activities | (267.55) | |
| Income tax paid (net of refunds) | (13.18) | |
| Net cash flow from/(used in) operating activities | (280.73) | |
| B. | CASH FLOW FROM INVESTING ACTIVITIES | |
| Purchase of property, plant and equipment including capital advances net of capital creditors | (36.94) | |
| Dividend received from non-current investments | 45.00 | |
| Fixed Deposits matured/(made) during the year | 1,995.30 | |
| Interest income received | 324.62 | |
| Net cash from/(used in) investing activities | 2,327.98 | |
| C. | CASH FLOW FROM FINANCING ACTIVITIES: | |
| Repayment of principal lease payment | (23.01) | |
| Repayment of interest on lease liability | (1.03) | |
| Other finance cost paid | (0.04) | |
| Net cash used in financing activities | (24.08) | |
| Net increase in cash and cash equivalents (A+B+C) | 2,023.17 | |
| Cash and cash equivalents at the beginning of the period | 524.07 | |
| Cash and cash equivalents at the end of the period | 2,547.24 | |
Note: The cash flow statement has been prepared under the indirect method as set out in Indian Accounting Standard (IND AS) 7 statement of cash flows.
For and on behalf of Board of Directors
NDR Auto Components Limited Regd. Office : Level - 5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi - 110037 CIN: U29304DL2019PLC347460 WEBSITE: www.ndrauto.com; E-mail: [email protected] Phone: +91 11 66544976
| NDR Auto Components LimitedRegd. Office : Level - 5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi - 110037CIN: U29304DL2019PLC347460WEBSITE: www.ndrauto.com; E-mail: [email protected] Phone: +91 11 66544976 | |||||
|---|---|---|---|---|---|
| CONSOLIDATED UNAUDITED STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2020(Rs. in lakhs) | |||||
| As at | As at | ||||
| September 30, 2020 | March 31, 2020 | ||||
| (Unaudited) | (Audited) | ||||
| ASSETS | |||||
| 1 | Non-current assets | ||||
| a) Property plant & equipment | 3,112.07 | 3,307.47 | |||
| b) Right of-use-assetsc) Intangible assets | 13.850.31 | 35.920.36 | |||
| d) Investment in associate and joint ventures | 3,609.79 | 3,860.27 | |||
| e) Financial assets | |||||
| i) Other financial assets | 40.47 | 40.47 | |||
| f) Other non-current assets | 48.21 | 11.43 | |||
| g) Non-current tax assets | - | 17.07 | |||
| h) Deferred tax assets (net) | 130.57 | 125.60 | |||
| Total non-current assets | 6,955.27 | 7,398.60 | |||
| 2 | Current assets | ||||
| a) Inventories | 743.46 | 689.99 | |||
| b) Financial assets | |||||
| i) Trade receivables | 1,684.07 | 606.30 | |||
| ii) Cash and cash equivalents | 2,547.24 | 524.07 | |||
| iii) Other bank balances | 7,090.70 | 9,086.00 | |||
| iv) Other financial assetsc) Other current assets | 357.7677.06 | 510.59115.33 | |||
| d) Asset held for sale | 0.08 | 0.08 | |||
| Total current assets | 12,500.37 | 11,532.36 | |||
| TOTAL ASSETS | 19,455.64 | 18,930.96 | |||
| EQUITY AND LIABILITIES | |||||
| 1 | Equitya) Equity share capital | 594.63 | 594.63 | ||
| b) Other equity | 16,267.00 | 16,362.81 | |||
| Total equity | 16,861.63 | 16,957.44 | |||
| 2 | LIABILITIES | ||||
| Non- Current liabilities | |||||
| a) ProvisionsTotal Non-current liabilities | 50.4650.46 | 82.1082.10 | |||
| Current liabilities | |||||
| a) Financial liabilities | |||||
| i)Trade payables | |||||
| -Total outstanding dues of micro enterprises and small | 106.06 | 67.19 | |||
| enterprises | |||||
| - Total outstanding dues of creditors other than micro | 2,069.55 | 1,506.93 | |||
| enterprises and small enterprisesiii) Lease liabilities | |||||
| iv) Other financial liabilities | 14.5352.54 | 37.5474.89 | |||
| b) Current Tax liability (net) | 6.50 | - | |||
| c) Other current liabilities | 145.65 | 95.60 | |||
| d) Provisions | 148.72 | 109.26 | |||
| Total current liabilities | 2,543.55 | 1,891.42 | |||
| TOTAL LIABILITIES | 2,594.01 | 1,973.52 | |||
| TOTAL EQUITY AND LIABILITIES | 19,455.64- | 18,930.960 | |||
| For and on behalf of the Board of Directors | |||||
| PLACE: | Gurugram | ||||
| November 30, 2020 | |||||
| DATE: | (Pranav Relan)Whole Time Director |