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Pansari Developers Limited Interim / Quarterly Report 2021
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Interim / Quarterly Report
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NSARI DEVELOPERS LIMITED
(CIN No.: L72200WB1996PLC079438) Registered Office: 14, N. S. Road, 4th Floor, Kolkata - 700 001, West Bengal, India Tel. No. 033-2231-6142/46, 4005-0500-04, E-mail: [email protected]
Date: 14thNovember 2020
$To$
The National Stock Exchange of India Limited Exchange Plaza, Plot no. C/1, G Block Bandra-Kurla Complex Bandra (E) Mumbai - 400 051
Dear Sir/ Madam,
Scrip Code: PANSARI
Sub: Outcome of Board Meeting and Submission of Unaudited Financial Results for the half yearly ended 30th September 2020
This is to inform you that the Board of Directors in their meeting held today i.e. Saturday the 14th day of November, 2020, have approved the Unaudited Financial Results of the Company for the half yearly ended 30th September 2020.
Pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015, we are enclosing the Statement of Unaudited Financial Results for the half yearly ended 30th September 2020.
The Meeting commenced at 10.00 A.M.
This is for your information and records.
Thanking You,
Yours Sincerely,
For Pansari Developers Limited
For Pansari Developers Limited
ity themu
SweetyKhemka Company Secretary
Encl: As above
301, Victory House, 3rd Floor 1, Ganesh Chandra Avenue, Kolkata - 700 013 Phone: 2225-9430/31/32 E-mail: [email protected] Website: www.asnco.in
LIMITED REVIEW REPORT ON UNAUDITTED HALF YEAR ENDED FINANCIAL RESULTS FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2020
To the Board of Directors M/s. Pansari Developers Limited
We have reviewed the accompanying statement of unaudited financial results of M/s. Pansari Developers Limited ('the Company'), for the half year ended 30th September 2020 ('the statement'), being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Regulations 2015'). This statement, is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review.
We conducted our review 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 provide 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 stated above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.
For Agarwal Subodh & Co. (Chartered Accountants) Firm Registration No. 319260E.
Swapit Pal
(Surajit Pal) Partner Membership No. 066285 $UDIN-20066285AAAABE312S$
Place: Kolkata Date: 14th , November 2020
| (Rs in Lakhs) | |||
|---|---|---|---|
| Standalone | |||
| Half Year Ended | Year Ended | ||
| As on 30thSeptember, 2020 | As on 30thSeptember, 2019 | As on 31st March2020 | |
| (UnAudited) | (UnAudited) | (Audited) | |
| EQUITY AND LIABILITIESI. | (Amount in Rs) | (Amount in Rs) | (Amount in Rs) |
| (1) Shareholders' Funds | |||
| (a) Share Capital | 1,744.68 | 1,744.68 | 1,744.68 |
| (b) Reserves and Surplus | 4,286.32 | 4,197.41 | 4,245.72 |
| Total Shareholder's Funds | 6,031.00 | 5,942.09 | 5,990.40 |
| (2) Non-Current Liabilities | |||
| (a) Long Term Borrowing | 1,864.63 | 2,588.77 | 2,316.58 |
| (b) Other Long Term Liabilities | 1,046.19 | 882.86 | 994.86 |
| Total Non-Current Liabilities | |||
| 2,910.82 | 3,471.63 | 3,311.44 | |
| (3) Current Liabilities | |||
| (a) Short-Term Borrowings | 2,658.25 | 1,654.60 | 2,394.75 |
| (b) Trade Payables | |||
| - Dues to Micro & Small Enterprise | |||
| - Dues to Others | 128.01 | 146.14 | 149.03 |
| (c) Other Current Liabilities | 4,785.99 | 6,050.83 | 4,986.55 |
| (d) Short-Term Provisions | 29.09 | 34.49 | 15.68 |
| Total Current Liabilities | 7,601.34 | 7,886.06 | 7,546.02 |
| Total Equity & Liabilities | 16,543.16 | 17,299.77 | 16,847.85 |
| II. ASSETS | |||
| (1) Non-Current Assets | |||
| (a) Fixed Assets | |||
| (i) Tangible Assets | 2,149.96 | 2,216.28 | 2,204.80 |
| (ii) Intangible assets | |||
| (iii) Capital Work-in-Progress | 0.72 | ||
| (b) Non-Current Investments | 1,031.26 | 1,022.22 | 1,032.26 |
| (c) Deferred Tax Asset | 15.18 | 11.92 | 16.11 |
| (d) Long Term Loans & Advances | 0.47 | 46.25 | 17.36 |
| (e) Other Non-Current Assets | 643.39 | 649.86 | 637.95 |
| Total Non-Current Assets | 3,840.27 | 3,947.24 | 3,908.48 |
| (2) Current Assets | |||
| (a) Inventories | 9,836.31 | 10,692.91 | 10,324.63 |
| (b) Trade Receivables | 527.15 | 536.84 | 373.64 |
| (c) Cash and Bank Balances | 101.26 | 129.91 | 97.97 |
| (d) Short-Term Loans and Advances | 1,928.03 | 1,546.47 | 1,767.68 |
| (e) Other Current Assets | 310.15 | 446.41 | 375.45 |
| Total Current Assets | 12,702.89 | 13,352.54 | 12,939.37 |
| Total AssetsHBOD. | 16,543.16 | 17,299.77 | 16,847.85 |
Partered A
PANSARI DEVELOPERS LIMITED Verlut Agar $\sqrt{Dircctor}$
| PANSARI DEVELOPERS LIMITEDStatement of Profit and loss for the half year and year ended 30th Sep 2020 | ||||||
|---|---|---|---|---|---|---|
| (Rs in Lakhs) | ||||||
| Standalone | ||||||
| Particulars | Half year ended | Year Ended | ||||
| Sl.No. | 30th September2020 | 31 March 2020 | 30 September2019 | 31 March 2020 | ||
| (unAudited) | (UnAudited) | (UnAudited) | (Audited) | |||
| 1 | Income from Operations | |||||
| (a) Revenue from Operations | 1,023.58 | 1,256.81 | 2,222.99 | 3,479.81 | ||
| (b) Other Income | 18.61 | 29.53 | 34.65 | 64.18 | ||
| Total Income | 1,042.19 | 1,286.34 | 2,257.64 | 3,543.98 | ||
| $\overline{2}$ | Expenditure | |||||
| (a) Cost of Sales | 767.61 | 864.43 | 1,793.09 | 2,657.52 | ||
| (b) Purchases of Stock in Trade | ||||||
| (c) Changes In Inventories Of Finished Goods, Work-In- | ||||||
| Progress & Stock-In-Trade | ||||||
| (d) Employee Benefits Expenses | 35.27 | 19.46 | 61.97 | 81.42 | ||
| (e) Finance Cost | 96.02 | 139.09 | 72.86 | 211.95 | ||
| (f) Depreciation and Amortisation Expense | 55.66 | 79.07 | 39.78 | 118.85 | ||
| (g) Other Expenses | 44.16 | 92.46 | 4.18 | 96.64 | ||
| 3 | Total Expenses | 998.72 | 1,194.52 | 1,971.87 | 3,166.38 | |
| 4 | Profit before Exceptional Items | 43.47 | 91.83 | 285.77 | 377.60 | |
| 5 | Add: Exceptional Item | |||||
| 6 | Profit before Tax | 43.47 | 91.83 | 285.77 | 377.60 | |
| Less: Tax Expense | ||||||
| (a) Current Tax | 7.23 | 24.55 | 58.79 | 83.34 | ||
| (b) Mat Credit Entitlement | (5.29) | 23.16 | (2.79) | 20.37 | ||
| (c) Deferred Tax | 0.92 | (4.19) | 2.66 | (1.53) | ||
| 7 | Total Tax | 2.87 | 43.51 | 58.67 | 102.18 | |
| 8 | Net Profit | 40.60 | 48.31 | 227.10 | 275.42 | |
| 9 | Paid Up Share Capital (Face Value ` 10 each) | 1,744.68 | 1,744.68 | 1,744.68 | 1744.68 | |
| 10 | Earning per share (Face Value ' 10 each) | |||||
| (a) Basic | 0.23 | 0.28 | 1.30 | 1.58 | ||
| (b) Diluted | 0.23 | 0.28 | 1.30 | 1.58 | ||
| Notes: |
(a) As per the directives of both Central and State Government in the wake of COVID-19 pandemic, the Company had suspended operations across various locations w.e.f. 23.03.2020, which has mildly impacted the business during the half year. The Company has been taking various precautionary measures to protect employees and their families from COVID-19.
(b) The Financial Results of the Company for the half year ended 30th September, 2020 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company
(c) The company does not have any extraordinary or exceptional items to report for the above period
(d). The Company does not have more than one reportable segment.
(e). Previous year/ periods figures have been regrouped I reclassified, wherever necessary.
$\aleph$ KOLKATA
PANSARI DEVELOPERS LIMITED Alulut Agamento
| Half Year Ended | Year Ended | ||
|---|---|---|---|
| 30th September30 September | 31st March 2020 | ||
| A Cash Flow From Operating Activities | 2020Amount (Rs) | 2019Amount (Rs) | Amount (Rs) |
| Profit before tax from continuing operations | 43.47 | 285.77 | 377.60 |
| Profit Before Tax | 43.47 | 285.77 | 377.60 |
| Adjustment for Non cash & Non operating item | |||
| Depreciation | 55.66 | 39.78 | 118.85 |
| Interest & Finance Charges | 111.78 | 148.06 | 487.39 |
| Profit from sale of Land | (9.37) | (24.63) | (34.36) |
| Profit from sale of Shares | (2.64) | ||
| Profit from sale of Fixed Assets | |||
| Interest Received | (8.92) | (6.19) | (23.68) |
| Dividend Received | |||
| Operating Profit before changes in working capital | (0.13)192.50 | (0.20)442.60 | (0.20)922.96 |
| Movements in working capital: | |||
| Increase/(Decrease) in Trade Payables | (21.02) | (90.07) | (87.19) |
| Increase/(Decrease) in Other Current Liabilities | (200.56) | (1, 179.25) | (2,230.46) |
| Increase/(Decrease) in Short Term Provision | 3.50 | ||
| Decrease/(Increase) in Trade Receivables | (153.51) | 146.59 | 309.79 |
| Decrease/(Increase) in Inventories | 488.32 | 1,656.79 | 2,025.07 |
| Decrease/(Increase) in Short Term Loan and Advances | (160.35) | 245.27 | (143.27) |
| Decrease/(Increase) in Others Assets and Liabilities | 128.26 | (381.30) | (31.00) |
| Net cash flow before Tax and Extra ordinary Item | 273.64 | 840.64 | 769.42 |
| Direct Taxes (Paid) / Refund | (5.45) | (28.70) | (75.56) |
| Net cash flow from / (used in ) operating activities (A) | 268.18 | 811.94 | 693.86 |
| B Cash flows from investing activities | |||
| Purchase of fixed assets, including intangible assets, CWIP and capitaladvances | (0.83) | (985.95) | (1,052.82) |
| Decrease/(Increase) in Other Non-Current Assets | |||
| Decrease/(Increase) in Long Term Loans & Advances | (0.15) | (11.25) | |
| Decrease/(Increase) in Non-Current Investments | 16.89 | 269.63 | 298.51 |
| Dividend Received | 10.37 | 279.05 | 281.37 |
| Interest Received | 0.13 | 0.20 | 0.20 |
| Net Cash flows from investing activities (B) | 8.92 | 6.19 | 23.68 |
| Cash flows from financing activities | 35.33 | (430.89) | (460.31) |
| Proceeds/(Repayment) from Long Term borrowings | (451.95) | 235.69 | (36.50) |
| Proceeds/(Repayment) from Short Term borrowings | 263.50 | (477.15) | 249.94 |
| Interest PaidProceeds from Public Issue of Equity shares | (111.78) | (148.06) | (487.39) |
| Net cash flows from/(used in) in financing activities (C) | (300.23) | (389.53) | (273.95) |
| Net increase / (decrease) in cash and cash equivalent $(A+B+C)$ | 3.28 | (8.48) | (40.41) |
| Cash and cash equivalent at the beginning of the year | 97.97 | 138.39 | 138.39 |
| Cash and cash equivalent at the end of the year | 101.26 | 129.91 | 97.97 |
| Components of Cash and Cash Equivalents | |||
| Cash in Hand | |||
| 43.00 | 32.22 | 47.72 | |
| With Banks - On Current Account | 58.25 | 17.09 | 50.25 |
| Other Bank BalanceSUBOD | 80.60 | ||
| zTotal cash and cash equivalents | 101.26 | 129.91 | 97.97 |
Trered Acco
PANSARI DEVELOPERS LIMITED Director