Nivi Trading Ltd. — Annual Report 2021

May 31, 2021

NIVI TRADING LIMITED

CIN : L99999MH1985PLC036391

Regd. Off. : C/o. United Phosphorus Ltd., Readymoney Terrace, 167, Dr. A.B. Road, Worli, Mumbai - 400 018. Admin. Off. : C/o. Uniphos House, C.D. Marg, 11[th] Road, Opp. Madhu Park, Khar (West), Mumbai - 400 052. Tel Nos.: 61233500 / 26468 000 Fax No.: 2648 7523

Email : nivi.investors@uniphos.com Website : nivionline.com

May 31, 2021

To, BSE Limited Floor 25, P. J. Towers, Dalal Street, Mumbai - 400 001.

Dear Sir/ Madam,

– REG.: NIVI TRADING LIMITED (Scrip Code 512245)

• SUB.: Audited Financial Results for the year ended on 31[st] March, 2021– Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

This is to inform you that the Board of Directors at its meeting held today i.e. on Monday, May 31, 2021, has considered and approved the Audited Financial Results of the Company for the year ended on 31[st] March, 2021. The said Audited Financial Results were reviewed by the Audit Committee and thereafter approved by the Board.

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Audited Financial Results for the year ended 31[st] March, 2021 along with Independent Auditor’s Review Report of the Statutory Auditors of the Company. The Statutory Auditors have issued an unmodified audit report on the Financial Results.

The Board Meeting commenced at 10.00 a.m. and concluded at 11.00 a.m.

Further, we request you to take the same on your record and inform all your constituents accordingly.

Thanking you,

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To

The Board of Directors, LIMITED.

We have audited the accompanying Statement of Standalone Financial Results of TRADING quarter and year ended March 31, 2021 Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)

In our opinion and to the best of our information and according to the explanations given to us, the statement:

• a. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations; and

• b. gives a true and fair view in conformity with Indian Accounting Standard 34 other accounting principles generally accepted in India of the net profit and total comprehensive income and other financial information of the Company for the three months and year ended March 31, 2021.

We conducted our audit of the Statement in accordance with the Standards on Auditing the Act. Our responsibilities under those sibilities 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 the Standalone Financial Results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with obtained by us is sufficient and appropriate to provide a basis for our audit opinion.

the Board of Directors, has been compiled from the related audited Interim condensed standalone financial statements for the year ended March 31, 2021 Board of Directors are responsible for the preparation and presentation of the Standalone 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 Ind AS 34, 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 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 the 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 the Standalone Financial Results that give a true and fair view and is free from material misstatement, whether due to fraud or error.

In preparing the Standalone Financial Results, the Board of Directors are responsible for 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 financial reporting process of the Company.

Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results as a whole is free from material misstatement, whether due to fraud or error, a 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 this 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 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 financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.

• Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the Listing Regulations.

• 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 Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention disclosures are inadequate, to modify our opinion. Our conclusions are based on future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Standalone Financial Results, including the disclosures, and whether the Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.

• Obtain sufficient appropriate audit evidence regarding the Standalone Financial Results of the Company to express an opinion on the Standalone Financial Results.

• Materiality is the magnitude of misstatements in the Standalone Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Standalone Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Standalone Financial Results.

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.

For VORA & ASSOCIATES CHARTERED ACCOUNTANTS (ICAI Firm Reg. No.: 111612W)

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RONAK A. RAMBHIA PARTNER (Membership No.: 140371)

UDIN: 21140371AAAAED9611 PLACE: Mumbai DATED: May 31, 2021

NIVI TRADING LIMITED Regd. Office: c/o United Phosphorus Ltd., Readymoney Terrace, 4th Floor 167, Dr. A. B. Road, Worli Naka, Mumbai 400 018 CIN: L99999MH1985PLC036391 Tel. No. 61233500 Fax No. 26487523, Email Id: nivi.investors@uniphos.com, Website: www.nivionline.com	NIVI TRADING LIMITED Regd. Office: c/o United Phosphorus Ltd., Readymoney Terrace, 4th Floor 167, Dr. A. B. Road, Worli Naka, Mumbai 400 018 CIN: L99999MH1985PLC036391 Tel. No. 61233500 Fax No. 26487523, Email Id: nivi.investors@uniphos.com, Website: www.nivionline.com	NIVI TRADING LIMITED Regd. Office: c/o United Phosphorus Ltd., Readymoney Terrace, 4th Floor 167, Dr. A. B. Road, Worli Naka, Mumbai 400 018 CIN: L99999MH1985PLC036391 Tel. No. 61233500 Fax No. 26487523, Email Id: nivi.investors@uniphos.com, Website: www.nivionline.com	NIVI TRADING LIMITED Regd. Office: c/o United Phosphorus Ltd., Readymoney Terrace, 4th Floor 167, Dr. A. B. Road, Worli Naka, Mumbai 400 018 CIN: L99999MH1985PLC036391 Tel. No. 61233500 Fax No. 26487523, Email Id: nivi.investors@uniphos.com, Website: www.nivionline.com	NIVI TRADING LIMITED Regd. Office: c/o United Phosphorus Ltd., Readymoney Terrace, 4th Floor 167, Dr. A. B. Road, Worli Naka, Mumbai 400 018 CIN: L99999MH1985PLC036391 Tel. No. 61233500 Fax No. 26487523, Email Id: nivi.investors@uniphos.com, Website: www.nivionline.com	NIVI TRADING LIMITED Regd. Office: c/o United Phosphorus Ltd., Readymoney Terrace, 4th Floor 167, Dr. A. B. Road, Worli Naka, Mumbai 400 018 CIN: L99999MH1985PLC036391 Tel. No. 61233500 Fax No. 26487523, Email Id: nivi.investors@uniphos.com, Website: www.nivionline.com
Statement of audited financial results for the quarter and year	ended 31st March, 2021 (Rs. in Lacs)
Particulars	Quarter ended 31/03/2021 (Audited)	Quarter ended 31/12/2020 (Unaudited)	Quarter ended 31/03/2020 (Audited)	Year ended 31/03/2021 (Audited)	Year ended 31/03/2020 (Audited)
1 Revenue from operations	-	-	-	-	2.14
2 Other Income	5.16	3.68	0.12	11.54	4.56
3 Total Income	5.16	3.68	0.12	11.54	6.70
4 Expenses
(a) Cost of materials consumed	-	-	-	-	-
(b) Purchase of stock-in-trade	-	-	-	-	-
(c) Changes in inventories of finished goods, work-in -progress and stock- in-trade	-	-	-	-	-
(d) Employee benefits expense	-	-	-	-	-
(e) Legal and professional fees	0.57	0.35	0.60	1.18	1.19
(f) Listing fees	-	-	-	3.00	3.00
(g) Finance costs	-	-	-	-	-
(h) Depreciation and amortisation expenses	-	-	-	-	-
(i) Depository fees	-		-	0.32	0.33
(j) Realised /Notional Loss on MF	5.19	-	5.33	4.50	7.10
(k) Other expenses	0.53	0.17	0.16	0.94	0.46
Total expenses	6.29	0.52	6.09	9.94	12.08
5 Profit/(Loss) from operations before exceptional Items (3-4)	(1.13)	3.16	(5.97)	1.60	(5.38)
6 Exceptional items	-	-	-	-	-
7 Profit/(Loss) before tax (5-6)	(1.13)	3.16	(5.97)	1.60	(5.38)
8 Tax expense	2.74	(0.12)	(0.13)	1.09	0.17
9 Net Profit/(Loss) for the period (7-8)	(3.87)	3.28	(5.84)	0.51	(5.55)
10 Other Comprehensive income	3.20	2.22	(3.82)	6.13	(7.07)
Items to be reclassified to profit and loss	-	-	-	-	-
Income tax relating to items to be reclassified to profit and loss	-	-	-	-	-
Items not to be reclassified to profit and loss	3.20	2.22	(3.82)	6.13	(7.07)
Income tax relating to items not to be reclassified to profit and loss	-	-	-	-	-
11 Total comprehensive income for the period (9+10)	(0.68)	5.50	(9.66)	6.64	(12.62)
12 Paid-up equity share capital (Face value - Rs. 10/- per Equity share)	124.56	124.56	124.56	124.56	124.56
13 Other Equity					32.99
14 i) Earnings Per Share
(of Rs. 10/- each) (not annualised) :
(a) Basic	(0.31)	0.26	(0.47)	0.04	(0.45)
(b) Diluted	(0.31)	0.26	(0.47)	0.04	(0.45)
1 2 Sandra R. Shroff Managing Director The above audited financial results were reviewed by the Audit Committee and thereafter approved at the meeting of the Board of Directors held on 31st May, 2021. NOTES : The income of the Company during the quarter and year comprises of business auxilliary, dividend income and Fair Value gains from mutual funds (as per IND AS) and accordingly there are no reportable segments. Date : 31st May, 2021 Place : Mumbai DIN: 00189012

Nivi Trading Limited CIN : L99999MH1985PLC036391 Regd. Off : Readymoney Terrace, 4th floor, 167, Dr. Annie Besant Road, Worli Naka, Mumbai 400 018. Statement of Assets and Liabilities as at 31st March, 2021

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(Rupees in lacs)
No Particulars As at 31.03.2021 As at 31.03.2020
(Audited) (Audited)
A ASSETS
1 Non-current assets
- -
Property, plant and equipment
- -
Investment in property
Financial assets:
(i) Investments 26.33 144.55
(ii) Loans - -
Other non-current assets 5.48 8.01
Deferred Tax Assets 4.30 3.37
Total Non-current assets 36.11 155.93
2 Current assets
Financial assets
- -
(i) Investments
(ii) Cash and Cash equivalents 127.16 1.58
- -
(iii) Bank balances other than (ii) above
- -
(iv) Loans
Other current assets 1.41 0.50
Total current assets 128.57 2.08
Total Assets 164.68 158.01
B EQUITY AND LIABLITIES
1 Equity
Equity share capital 124.56 124.56
Other Equity 39.63 32.99
Total Equity 164.19 157.55
LIABLITIES
2 Current Liablities
Financial liabilities
- -
(i) Trade payables
Other Current Liabilities 0.49 0.46
Total current liabilities 0.49 0.46
Total Equity and Liabilities 164.68 158.01
Sandra R. Shroff
Place : Mumbai Managing Director
31st May,2021 DIN: 00189012
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	NIVI TRADING LIMITED	NIVI TRADING LIMITED	NIVI TRADING LIMITED
	CIN: L99999MH1985PLC036391 CASH FLOW STATEMENT FOR THE YEAR ENDED MARCH			31, 2021
			2020- 2021 Amount in Rs.		2019- 2020 Amount in Rs.
( I ) ( II ) ( III )	CASH FLOW FROM OPERATING ACTIVITIES Net Profit / (Loss) before Tax and Extraordinary items ADJUSTMENTS FOR: Less: Notional Gain / (Loss) on Mutual Fund Less: Interest on Fixed Deposit Less: Interest on Tax Refund Less: Gain on Mutual Fund Less: Dividend received Operating Profit / (loss) before Working Capital Changes (Increase) / Decrease in Other Non Currents Assets (Increase) / Decrease in Other Currents Assets Increase / (Decrease) in Other Current Liabilities Cash (used) / generated from Operations Less: Net Income Taxes paid / (Refund) Net Cash Flow from Operating Activities CASH FLOW FROM INVESTING ACTIVITIES Dividend (Purchase) / Sale of Investments (Net) Net cash used in investing activities CASH FLOW FROM FINANCING ACTIVITIES Net cash generated from Financial Activities NET CHANGES IN CASH AND CASH EQUIVALENTS (A+B+C) Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the close of the year NET CHANGES IN CASH AND CASH EQUIVALENTS	(A) (B) (C)	1,59,861 (1,02,873) - (17,870) (5,73,729) (9,508)		(5,38,187) 7,10,387 - (1,256) (4,31,843) (22,943)
			(5,44,119) - (90,689) 3,100		(2,83,842) - (39,886) 18,600
			(6,31,708) (67,616)		(3,05,128) 13,726
			(5,64,092) 9,508 1,31,12,631		(3,18,854) 22,943 4,00,092
			1,31,22,139		4,23,035
			-		-
			1,25,58,047		1,04,181
			1,57,747 1,27,15,796 1,25,58,047		53,568 1,57,747 1,04,181
	Notes: 1. The Cash flow statement has been prepared under the indirect method as set out in Indian Accounting Standard 7 Cash Flow Statement' 2. Cash and Cash Equivalents includes Cash and Bank Balance. 3. Figures of Previous years have been regrouped and rearranged wherever necessary to confirm with current year's classification. Sandra R. Shroff Place : Mumbai Managing Director Date : 31st May, 2021 DIN: 00189012