Paras Petrofils Ltd. — Interim / Quarterly Report 2021

Nov 13, 2021

PARAS PETROFILS LIMITED

Address: 1[st] Floor Dhamanwala Complex, Opp. Apple Hospital, Khatodara Road, Udhana, Surat, Gujarat–395002, CIN: L17110GJ1991PLC015254 Email-id: finance@paraspetrofils.com Ph.: +91-9825568096; Website: paraspetrofils.co.in

Date: 13/11/2021

Head Listing Compliance National Stock Exchange of India Ltd. ‘Exchange Plaza’ Plot No. C/1, G Block,Bandra-Kurla Complex Mumbai-400051

Symbol: PARASPETRO

Head Listing Compliance BSE Limited PhirozeJeejeebhoy Towers, Dalal Street, Mumbai400001

Security code: 521246

The Head-Listing Compliance The Calcutta Stock Exchange Ltd. 7, Lyons Range, Murgighata, BBD Bagh, Kolkata West Bengal – 700001

Dear Sir,

Subject: Submission of Unaudited Financial Result for the quarter ended on 30[th] September, 2021 pursuant to Regulation 30 and 33 of the SEBI (Listing Obligation and Disclosure Requirement), 2015.

We are appending below the Unaudited Financial Result for the quarter ended on 30th September, 2021 required under Regulation 30 and 33 of the SEBI (Listing Obligation and Disclosure Requirement), 2015.

Please take the same on your record.

Thanking You

Yours Faithfully,

For Paras Petrofils Limited

DEEPAK Digitally signed by DEEPAK KISHORCHAN KISHORCHANDRA VAIDYA Date: 2021.11.13 16:47:07 DRA VAIDYA +05'30'

Deepak Vaidya Whole-time Director DIN: 08201304

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LIMITED REVIEW REPORT FOR THE QUARTER AND PERIOD ENDED 30[TH] SEPTEMBER, 2021 PURSUANT TO REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

To,

The Board of Directors, M/s Paras Petrofils Limited

We have reviewed the accompanying statement of unaudited standalone financial results of PARAS PETROFILS LIMITED for the quarter and year ended 30[th] September 2021, attached herewith, being submitted by the company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This statement is the responsibility of the Company’s Management and has been approved by the Board of Directors, has been prepared in accordance with Indian Accounting standard Specified 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 these financial statements based on our review.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 2400, Engagements to Review Financial Statements 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 financial statements are free of material misstatement. 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 above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with 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.

UDIN : 21077946AAAAKV9944

Place: Surat Date: 13[th] November, 2021

For R M R & Co

Chartered Accountants

ROHIT Digitally signed by VIJAYVARGI ROHIT VIJAYVARGIA Date: 2021.11.13 A 15:57:58 +05'30'

CA Rohit Vijayvargia

Partner

Membership No 077946

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Regd. Office : Block No.529, N.H. No.8, Village-Palsana, Pin-394315, Dist.Surat.

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PARAS PETROFILS LIMITED

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30th SEPTEMBER, 2021

	(Rs. in Lacs)	(Rs. in Lacs)	(Rs. in Lacs)	(Rs. in Lacs)	(Rs. in Lacs)	(Rs. in Lacs)
PARTICULARS PART I I. Revenue from Operations II. Other Income	QUARTER ENDED			Half Year Ended		Year ended
	30-09-2021 (Unaudited)	30-06-2021 (Unaudited)	30-09-2020 (Unaudited)	30-09-2021 (Unaudited)	30-09-2020 (Unaudited)	31-03-2021 (Audited)
	- 29.20	- 27.32	- 29.67	- 56.52	- 58.79	- 118.05
III. Total Income(I +II)	29.20	27.32	29.67	56.52	58.79	118.05
IV. Expenses Cost of Material Consumed Purchases of Stock-in-trade Changes in inventories of finished goods, Work-in- progress and stock-in-trade Employee Benefits Expenses Finance Costs Depreciation and amortisation expenses Other Expenses	- - - 0.48 0.04 - 5.48	- - - 0.48 0.69 - 6.23	- - - 1.53 - - 5.58	- - - 0.96 0.73 - 11.71	- - - 3.06 - - 13.39	- - - 5.89 0.07 - 24.33
Total Expenses(IV)	6.00	7.40	7.11	13.40	16.45	30.29
V. Profit/(Loss) before exceptional items and tax (III- IV)	23.20	19.92	22.56	43.12	42.34	87.76
VI. Exceptional items	-	-	-	-	-	-
VII. Profit/(Loss) before tax(V-VI)	23.20	19.92	22.56	43.12	42.34	87.76
VIII. Tax Expense (1) Current tax (2) Deferred tax (3)Previous Year Tax	- - -	- - -	- - -	- - -	- - -	- - -
IX. Profit/(Loss) for the period from continuing operations (VII-VIII) X. Profit/(Loss) from discontinued operations	23.20 -	19.92 -	22.56 -	43.12 -	42.34 -	87.76 -
XI. Tax expense of discontinued operations XII. Profit/(Loss) from Discontinued operations (after tax) (X-XI)	- -	- -	- -	- -	- -	- -
XIII. Profit/(Loss) for theperiod(IX+XII)	23.20	19.92	22.56	43.12	42.34	87.76
XIV. Other Comprehensive Income (A)(i) Items that will not be reclassified to profit or loss (ii) Income tax relating to items that will not be reclassified to profit or loss (B)(i) Items that will be classified to profit or loss (ii) Income tax relating to items that will be reclassified to profit or loss XV. Total Comprehensive Income for the period (XIII+XIV) (Comprising Profit (Loss) and Other Comprehensive Income for the Period)	- - - - - -	- - - - - -	- - - - - -	- - - - - -	- - - - - -	- - - - - -
XVI. Earnings per equity share (for continuing operation): (1) Basic (2)Diluted	0.01 0.01	0.01 0.01	0.01 0.01	0.01 0.01	0.01 0.01	0.03 0.03

NOTES

1. The above results have been reviewed by Audit Committee and taken on record by the Board of Directors at its Meeting held on 13th November 2021. The Statutory Auditors have carried out their limited review of the above results.

2. The above results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (IND AS), prescribed under section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable.

3. The IND AS compliant corresponding figures for the period as reported above have not been subjected to review. However, the Company's management has exercised necessary due diligence to ensure that such financial results provide a true and fair view of its affairs.

4. The company is not carriying any segment in its buiness activities therefore no segment reporting has been done.

5. Previous Period's/Year's figures have been regrouped /recast wherever necessary to make them comparable with those of the current period.

Date: 13/11/2021 Place : PALSANA

FOR PARAS PETROFILS LTD. DEEPAK KISHORCHANDRA Digitally signed by DEEPAK KISHORCHANDRA VAIDYA VAIDYA Date: 2021.11.13 15:28:25 +05'30'

DIRECTOR

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PARAS PETROFILS LIMITED

Regd. Office : Block No.529, N.H. No.8, Village-Palsana, Pin-394315, Dist.Surat.

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30th SEPTEMBER, 2021

PARAS PETROFILS LIMITED Regd. Office : Block No.529, N.H. No.8, Village-Palsana, Pin-394315, Dist.Surat. STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30th SEPTEMBER, 2021	PARAS PETROFILS LIMITED Regd. Office : Block No.529, N.H. No.8, Village-Palsana, Pin-394315, Dist.Surat. STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30th SEPTEMBER, 2021	PARAS PETROFILS LIMITED Regd. Office : Block No.529, N.H. No.8, Village-Palsana, Pin-394315, Dist.Surat. STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30th SEPTEMBER, 2021
Rs in Lacs
Particulars	As at 30th September, 2021	As at 31st March, 2021
	(Unaudited)	(Audited)
ASSETS
Non current assets
(a) Property, Plant and Equipment	581.88	581.88
(b) Capital Work in Progress
(c) Investment Property
(d) Goodwill
(e) Other Intangible Assets
(f) Intengible assets under development
(g) Biological Assets other than bearer plants
(h) Financials Assets-
(i) Investments
(ii) Trade Receivables
(iii) Loans
(iv) Other(to be specified)
(i) Deferred tax assets (net)	358.90	358.90
(j) Other non-current assets
Current Assets
(a) Inventories
(b) Financials Assets
(i) Investments
(ii) Trade receivables	7.70	7.70
(iii) Cash and cash equivalents	4.40	0.36
(iv) Bank Balance other than (iii) above	2.79	77.82
(v) Loans	1397.33	1287.73
(vi) Otheres (to be specified)
(c) Current tex Assets
(d) Other current Assets
TOTAL ASSETS	2353.01	2314.39
EQUITY AND LIABILITES
Equity-
(a) Equity Share Capital	3342.21	3342.21
(B) Preference Share Capital	336.22	336.22
(b) Other Equity	-1332.57	-1375.69
Liabliaties
Non-Current liabilites
(a) Financials Liablities
(i) Borrowings
(ii) Trade Payable
(iii) Other Financial liablities (other than specified in item (b)
(b) Provisions
(c) Deffered Tax Liabilites (net)
(d) Other Non-Current Liablities
Current Liablities
(a) Financials Liablities
(i) Borrowings
(ii) Trade Payables	5.53	10.50
(iii) Other Financial liablities (other than specified in item (c) tobe specified	0.62	0.65
(b) Other current liabilities
(c) provisions	1.00	0.50
(d) Current Tax Liablitries
TOTAL EQUITY AND LIABILITES	2353.01	2314.39
~~-~~ ~~-~~ FOR PARAS PETROFILS LTD. Date: 13/11/2021 DEEPAK KISHORCHAN DRA VAIDYA Digitally signed by DEEPAK KISHORCHANDRA VAIDYA Date: 2021.11.13 15:27:23 +05'30'

Date: 13/11/2021 Place : PALSANA

DIRECTOR

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PARAS PETROFILS LIMITED

Regd. Office : Block No.529, N.H. No.8, Village-Palsana, Pin-394315, Dist.Surat.

STATEMENT OF UNAUDITED FINANCIAL RESULTS

Statement of Cash Flows for the period ended September 30, 2021

			(Rs. in Lacs)
Particulars	Period ended September 30, 2021	Period ended September 30, 2020	Year ended March 31, 2021
Cash flow from Operating Activities
Profit Before Tax	43.12	42.34	87.76
Adjustments for
Depreciation and Amortisation Expense
Finance Costs
Interest Income on Fixed Deposits and SecurityDeposits measured at Amortised Cost
Dividend Income on Current Investments
Net(Gain)on Sale of Current Investments
Net Unrealised(Gain) /Loss on Foreign CurrencyTransactions and Translations
Share Based Payments
Fair Valuation(Gain)/loss on Derivative Financial Instruments
Bad debts Written off
Allowances for Doubtful Trade Receivables(Expected Credit Loss Allowance)
Net loss on Disposal/Write off of Property,Plant,Equipment and Intangible Assets
Operating Profit Before Working Capital Changes	43.12	42.34	87.76
Changes in Working Capital
Adjustments for(Increase) / Decrease in Operating Assets
Loans to Employees
SecurityDeposits
Other Non-Current Assets
Trade Receivables
Other Financial Assets			4.09
Loans and Advances	-109.61	-46.74	-17.14
Inventories
Adjustments for Increase/ (Decrease) in Operating Liabilities
Trade Payables	-4.97	8.58	0.63
Other Financial Liabilities
Provisions	0.50	0.5
Other Current Liabilities	-0.03	0.45	0.00
Cash Generated from Operations	-114.11	-37.21	-12.42
Taxes Paid
Net Cash Generated from Operating Activities	-70.99	5.13	75.34
Cash Flow from Investing Activities
Payment for Purchase of Property,Plant,Equipment includingCapital Work-in-Progress and Intangible Assets
Proceeds from Sale of Property,Plant,Equipment and Intangible Assets
Net Proceeds from Sale of Current Investments includinginvestments under Scheme of Amalgamation
Interest Income Received
Dividend Income Received
Investment in Bank Deposits held as Margin Money			-
Net Cash Flow(Used in) Investing Activities
Cash Flow from Financing Activities
Proceeds from Issuance of EquityShares
Securities Premium received
Proceeds from Current Borrowings
Repayment of Current Borrowings
Repayment of Non-Current Borrowings
Repayment of Lease Liabilities
Dividend and Dividend Distribution Tax Paid
Finance Costs Paid includingInterest on Lease Liabilities
Net Cash Flow(Used in) Financing Activities
Net Increase/ (Decrease)in Cash and Cash Equivalents	-70.99	5.13	75.34
Cash and Cash Equivalents at beginningof theperiod	78.18	0.88	2.84
Changes in Cash and Cash Equivalents under Scheme of Amalgamation
Exchange Fluctuation Gain I(Loss)on Foreign CurrencyBank Balances
Cash and Cash Equivalents at end of theperiod	7.20	6.01	78.18
Components of Cash and Cash Equivalents(At end of theperiod)
Balances with Banks on Current Accounts	2.79	3.87	77.82
Cash on Hand	4.40	2.14	0.36
Notes
The above results have been reviewed by Audit Committee and taken on record by the Board of Directors at its Meeting held on 13th November 2021. The Statutory Auditors have carried out their limited review of the above results.
FOR PARAS PETROFILS LTD.
DIRECTOR DEEPAK KISHORC HANDRA VAIDYA Digitally signed by DEEPAK KISHORCHANDRA VAIDYA Date: 2021.11.13 15:27:46 +05'30'
Date: 13/11/2021
Place : PALSANA

The above results have been reviewed by Audit Committee and taken on record by the Board of Directors at its Meeting held on 13th November 2021. The Statutory Auditors have carried out their limited review of the above results.

FOR PARAS PETROFILS LTD.

DEEPAK Digitally signed KISHORC by DEEPAK KISHORCHANDRA HANDRA VAIDYA Date: 2021.11.13 VAIDYA 15:27:46 +05'30'

DIRECTOR

Date: 13/11/2021 Place : PALSANA