Prime Securities Ltd. — Annual Report 2019

May 18, 2019

May 18,2019

rate Relationship Department ombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400001

Capital Markets - Listing National Stock Exchange ofindia Ltd Exchange Plaza, 5th Floor, Plot No. CIl, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051

Dear Sir / Madam,

Sub: Regulation 30 and 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Re: Stock Code: 500337 (BSE) / PRIMESECU (NSE)

Pursuant to the provisions of Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company, at their Meeting held today, have taken on record the Audited Financial Results of the Company for the Year ended March 31 , 2019.

Please tind attached the following:

• 1. Press Release;
• 1. Audited Financial Results (Consolidated & Standalone) for the Year ended March 31 , 2019;
• 1. Audit Report by the Independent Auditors on the Audited Financial Results (Consolidated & Standalone) for the Year ended March 31 , 2019;
• 1. Statement of Impact of Audit Qualifications (Consolidated & Standalone) for the Year ended March 3 1, 2019;
• 1. Statement of Assets and Liabilities (Consolidated & Standalone) as on March 31 , 2019;
• 1. Segmental Results for Consolidated Financial Results for the Year ended March 31 , 2019;

Please note that the Audited Financial Results will be published in the newspapers as per the provisions of Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the same will also be made available on website of the Company (www.primesec.com).

The Board Meeting commenced at 1.00 p.m. and concluded at 3.45 p.m.

Prime Securities Limited 1109/ 1110, Maker Chambers V, Nari man Point, Mum bai 400 021. CIN: L67120MH1982PLC026724 Website: www.pri mesec.com

PRIME SECURITIES LIMITED - CONSOLIDATED

Regd. Office: 110911110, Maker Chambers V. Nariman Point. Mumbai 400021 (CIN: L67120MHI982PLC026724) Tel: -91-22-61842525 Fax: +91-22-24970777 Website: www.primcsec.comEmail:prime@primesec.com

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2019

STATEMENT OF PROFIT AND LOSS (CONSOLIDATED)

AmI Rs. Lacs

	PARrICULARS	Quarter	Quaner	Quarter	Year	Year
		ended	ended	ended	ended	ended
		3J-Mar-19	31 -Dee-18	31 -Mar-1 8	31-Mar-19	3 1-Mar- 18
I.	Revenue r rom Operations	1,344	1.341	267	4,586	2,3 11
II.	Other Income	40	9	22	109	9 1
III.	Total Revenue (1+11 )	1,384	1.350	289	4,695	2.402
IV.	Expenses
	Employee Benefits Expense	435	3 19	81	1,240	354
	Finance Costs	3	6	I	17	2
	Depreciation and Amortisation Expense	16	12	4	39	15
	Professional Fees	50	173	8	701	108
	Other Expenses	99	126	II I	395	313
	Total Expenses	603	636	205	2,392	792
V.	Profit/ CLoss) before Exceptional, Extraordinary Items & Tax (Ill-IV)	781	714	84	2,303	1,6 10
VI.	Exceptional Items	-	-		-
VII.	Profit I (Loss) before Extraordinary Items & Tax (V-VI)	781	714	84	2,303	- 1,6 10
	VIII. Extraordinary Items	(138)	-	186	(138)	106
IX.	Profit ' (Loss) before Tax ( VII+VIII )	643	714	270	2,165	1,7 16
X.	Tax Expense
	(i) Current Tax	162	152	64	478	373
	(ii) Deferred Tax	(9)	-	(89)	(9)	(89)
XI.	Profit 1 (Loss) for the Period (IX-X)	490	562	295	1,696	1,432
	X II. Other Comprehensive Income (Net)	(8)	15	6	(56)	( 16)
	XIII. Total Comprchansi\'c Profit 1 (Loss) for the Period (XI+XII)	482	577	301	1,640	1.41 6
	XlV. Paid-up Equity Share Capital (FY Rs. 51- each)	1,330	1.330	1,330	1,330	1,330
	xv. Other Equity	-	-		2,238	(3 I 8)
	XVI. Ea rnings per Equity Share (Rs. not annu aliscd) (FV Rs. 51- each)
	Basic	1.85	2.18	I.I5	6.40	5.34
	Diluted	1.81	2.18	1.15	6.27	5.34
Notes:	1. The above Results are in compliance with Indian Accounting Standards (Ind·AS) notified by the Ministry of Corporate Affairs. The Results were reviewed by Audit Comminee and taken on record by the Board of Directors at its Meeting held on May 18, 2019. 2. The figures for the Quarter ended March 31 are the balancing figures between the Audited figures in respect of the full Financial Year and the published year-to-date figures upto the Third Quarter ended December 3 I of the respective Financial Year.
	3. Extraordinary Items represents amount written-off net of wote-backs.
	4. Other Comprehensive Income represents net acturial gain I (loss) on employee defi ned benefit obli gation. 5. The Independent Auditors of the Company in their Audit Report for the Year ended March 31, 20 I 9 have recorded their opi nion about the
	following:
a)	Write-back of an advance written-off in earlier year. Management clarification: nle said ad\·ance has been written·back as receivable on receipt 0/ a confirmation/rom the concerned party.
b)	Non receipt of con finn at ion of account from certain debtors and advances. Managementc1arijication: Management is confidento/receiving the am01lllts in the ordillOlY course of business.
c) d)	Write-back of amount payable. Management clarification: The said amount is 110 longer payable in the of the opinion of the management. Accounting of revenue pending satisfaction ofperfonnance obligation as per Ind AS 115. Management clarification: Managemelll is o/the opinion that company hasfulljiled irs performance obligation.
	6. The Company has only one segment i.c. Financial Advisory & lntennediation setvices. There are no separate reponable segments as required by Accounting Standard 17 issued by lCAI.

1. Previous period figures have been re-grouped / re-classified wherever necessary.

Mumbai May 18. 20 19

PRIME SECURITIES LIMITED

Re!>d. Office: 1109/ 1110, Maker Chambers V, Nariman Point. Mumbai 400021 (CIN: L67120MHI982PLC026724) Tel: +91-22-61842525 Fax: +91-22-24970777 Website: www.primesec.comEmail: prime@primesec.com

/ AUDITED FINAl"lCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2019 STATEMENT OF PROFIT AND LOSS (STANDALONE) AmtRs. Lacs PARTICULARS Quarter Quarter Quarter Year Year ended ended ended ended ended 31 -Mar-1 9 31·Dcc·1 8 31 -Mar-1 8 31-Mar-19 31-Mar-1 8 I. Revenue from Opermions · 518 2 17 1,038 827 II. Other Income 69 (4) 25 73 71 III. Total Revenue ( 1+11 ) 69 5 14 242 1,111 898 IV. Expenses Employee Benefits Expense 189 99 43 485 260 Finance Costs I I . 4 I Depreciation and Amortisation Expense II 5 4 26 15 ¹ Professional Fees 17 13 7 56 95 Other Expenses 44 40 10 1 188 23 1 Total Expenses 262 158 155 759 602 V. Profit I (Loss) before Exceptional, [:\1raordinary Items & Tax ( IH-IV) (193) 356 87 352 296 VI. Exceptional Items · · . . . VII. Profit I (Loss) before Extraordinary Items & Tax ( V-VI) (193) 356 87 352 296 VIII. Extraordi nary Items (77) · 24 (77) 29 IX. Profit I (Loss) before Tax (VII+VIII) (270) 356 III 275 325 X. Tax Expense (i) Current Tax (57) 74 22 56 67 (ii) Deferred Tax (10) · (89) (10) (89) XI. Profit I (Loss) for the Period (IX-X) (203) 282 178 229 347 XII. Other Comprehensive Income (Net) (7) 16 6 (49) ( 15) XIII. Total Comprehansive Profit! (Loss) for the Period ( XJ+XII) (210) 298 184 180 332 XIV. Paid-up Equity Share Capital (FV Rs. 51- each) 1,330 1.330 1,330 1,330 1,330 xv. Other Equity i · 6,038 4,944 XVI. Earnings per Equity Share (Rs. not annualised) (FV Rs. 5/- each) . Basic (0,77) 1.1 2 0.69 0,86 1.25 . Diluted (0.75) 1.1 2 0.69 0.85 1.25 Notes: I. The above Results are in compliance with Indian Accounting Standards (lnd-AS) notifi ed by the Ministry of Corporate Affairs. The Results were reviewed by Aud it Committee and taken on record. by the Board of Directors at ilS Meeting held on May 18.201 9. 2. The figures fo r the Quarter ended Marc h 31 are the balancing figures between the Audited figures in respect of the full Financial Year and the published year-to-date figures upto the Third Quarter ended December 3 1 of the respective Financial Year. 3. Extraordinary Items represents amount wrilten-off net of write-backs. 4. Other Comprehensive Income represents net acturial gain I (loss) on employee defi ned benefit obligation. 5. The Independent Auditors of the Company in their Audi t Report for the Year ended March 3 1, 20 19 have recorded their opinion about the following: a) Wri te-back of an advance written-off in earlier year. Management clarification: The said advance has been wrirren-back as receivable on receipt 0/ a confirmation/rom the concerned party. b) No provision has been made in the carryi ng value of fi nancial exposure in the subsidiari es having regard to the erosion in the net worth. Management clarification: The management is confident a/generating slIfficient income to restore its networrh. c) Non receipt of confinnalion of account from a debtor. Management clarification: Mal/agement is confident o/receil"illg the amOllllt ill the ordillw:v COllrse 0/ business. 6. The Company has only one segment i.e. Financial Advisory & Intennediation services. There are no separate reportable segments as required by Accounting Standard 17 issued by leAl. 7. Previous period figures have been re-grouped I re-classifi ed wherever necessary. ~~ ^~: :ies_ Li ited

Mumbai

~ ~ <_':r, ____ ---- ---- N. Jayakumar May 18.2019 Managing Director & Group CEO

PRIME

208 Hari Chambers 58/64 Shahid Bhagat Singh Road Fort, Mumbai - 400 001 Tel: 022 4976 4832 cityoffice@gandhi-associates.com

INDEPENDENT AUDITORS' REPORT ON THE CONSOLIDATED QUARTERLY AND ANNUAL FINANCIAL RESULTS OF PRIME SECURITIES LIM ITED

The Board of Direct ors Prime Securit ies limited

• 1. We have audited the accompanying the annual consolidated financial results of PRIME SECURITIES LIMITED ('the Company') and its subsidiaries (collectively, 'the Group') for the year ended March 31, 2019 attached herewith ('the Statement') being submitted by the Company pursuant to the requirement of Reg ulation 33 of the Securities Exchange Board India (Listing Obligations and Disclosure Requirements) Regulations 2015 ('Listing Regulations'),
• 1. This Statement, which is the responsibility of the Company's management and approved by the Board of Directors, has been compiled from the related consolidated AS financial statements which has been prepared in accordance with the Indian Accounting Standards 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 an opinion on the Statement based on our audit of such consolidated financial statements,
• 1. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require t hat we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the Statement is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statement. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the Statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to t he Company's prepa ration and fa ir presentat ion of t he Statement 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 the Company's internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the account ing estimates made by the management, as well as evaluating the overall presentation of the Statement.

We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.

1. We did not audit t he financial statement of one subsidiary included in the Statement, whose annual financial statements reflect total assets of Rs. 356.98 Lacs as at March 31, 2019, total revenues of Rs. 39.66 Lacs, total net profit after tax of Rs. 2.42 Lacs and total comprehensive income of Rs. 2.42 Lacs for the year ended on that date. These financial statements have been audited by other auditor whose reports have been furnished to us by the management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of the subsidiary is based solely on the reports of the other auditor.

Our opinion on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the report of the other auditor.

• 1. Basis for qualified opinion:
• (a) The Group has accounted for revenue of Rs. 500.00 Lacs pending satisfaction of performance obligations mandated by the Accounting Standard on Revenue from Contract with Customers (lnd AS 115). Accordingly, the Profit for the year and Trade Receivables are higher by the said amount.
• (b) The Group had, in an earlier financial year, written-back an outstanding payable of Rs. 219.07 Lacs as in the opinion of the management the same was na longer payable. Accordingly, the lass in Surplus (Profit & Loss) under Other Equity and Other Current Liabilities are both lower by the said amount.
• (c) The Group hod, in an earlier financial year, re-instated an advance of Rs. 327.50 Lacs which was previously written-off as not recoverable. Accordingly, the loss in Surplus (Profit & Loss) under Other Equity is lower, and Other Nan-Current Assets is higher, by the said amount.
• 1. In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the other auditors referred to in paragraph 4 above, the Statement:
• (i) includes the annual financial results of the following wholly-owned subsidiaries:

No.	Name of the Entity
1 Prime Research & Advisory Limited
2	Prime Commodities Broking (India) Limited
3	Primesec Investments Limited
4	Prime Funds Management Limited

• (ii) IS presented In accordance with the reqUirements of Regulation 33 of the Listing Regulations in this regard; and,
• (iii) subject to clauses 5 (a) to {c}, gives a true and fair view of the consolidated net profit, total comprehensive income and other financial information for the quarter ended March 31, 2019 and the year ended March 31, 2019.

• 1. Emphasis of Matter: Our opinion is not modified in respect of the following:
• (a) The Group has not received confirmation of account from certoin debtors whose aggregate balance outstanding is Rs. 1,312.70 Lacs at the year-end. No provision for doubtful debt is considered necessary by the Group os in the opinion of its management the amount will be fully realized in ordinary course of business.
• (b) The Group has not received confirmation of account from certain parties to whom advances are given whose aggregate balance outstanding is Rs. 234.90 Lacs at the year-end. No provision for doubtful advances is considered necessary by the Group as in the opinion of its management the amount will be fully realized in ordinary course of business.

For GANDHI & ASSOCIATES LLP

Milind Gandhi Partner Membership No. 043194 Place: Mumbai Dated: May 18, 2019

208 Hari Chambers 58/64 Shahid Bhagat Singh Road Fort, Mumbai - 400 001 Tel : 022 4976 4832 cityoffice@gandhi-associates.com

Gandhi & Associates LLP

CHARTERED ACCO UNTANTS

INDEPENDENT AUDITORS' REPORT ON THE STANDALONE QUARTERLY AND ANNUAL FINANCIAL RESULTS OF PRIME SECURITIES LIMITED

To the Board of Directors of Prime Secu rit ies Limited

• 1. We have audited the accompanying annual standalone financial results of PRIME SECURITIES LIMITED ('the Company') for the year ended March 31, 2019, at tached herewit h ('the Statemenf), being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities Exchange Boa rd India (Listing Obligat ions and Disclosure Requirements) Regulations 2015 ('Listing Regulations). The Statement includes the results for the quarter ended March 31, 2019 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the thi rd quarter of the current financial year which were subject to limited review by us.
• 1. This Statement, which is the responsibility of the Company's management and approved by the Board of Directors, has been compiled from the related standalone financial statements which has been prepared in accordance with the Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibi lity is to express an opinion on the Statement based on our audit of such standalone financial statements.
• 1. We conducted our audit in accordance with t he Standards on Auditing issued by t he Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform t he audit to obtain reasonable assurance about whether the Statement is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statement. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the Statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company's preparation and fair presentation of the Statement in order to design audit procedures that are appropriate in t he circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Compa ny's internal control. An audit also includes evaluating the appropriateness of the accounting

policies used and the reasonableness of the accounting estimates made by the management, as well as evaluating the overall presentation of the Statement.

We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.

• 1. Basis for qualified opinion:
• (a) The Company had, in an earlier financial year, re-instated an advance of Rs. 327.50 Lacs which was previously written-off as not recoverable. Accordingly, the loss in Surplus (Profit & Loss) under Other Equity is lower, and Other Non-Current Assets is higher, by the said amount.
• S. In our opinion and to the best of our information and according to the explanations given to us, the Statement:
• (i) is presented in accordance with the requirements of Regulation 33 of the listing Regulations in this regard; and,
• (ii) subject to clause 4(a) gives a true and fair view of the standalone net profit, other comprehensive income and other financial information for the quarter ended March 31,2019 and the year ended March 31, 2019.
• 1. Emphasis of Matter: Our opinion is not modified in respect of the following:
• (a) The net worth of one of Company's subsidiary viz. Primesec Investments Limited has been eroded but having regard to the apinion of its management, the subsidiary has prepared its accounts on a going concern basis. Relying on the same, the Company has not considered making ony adjustments to its financial exposure in the subsidiary.
• (b) The Company has not received confirmation of account from a debtor whose balance outstanding at the year-end was Rs. 500.00 Lacs. No provision for daubtful debt is considered necessary by the Company as in the opinion of its management the amount will be fully realized in ordinary course of business.

For GANDHI & ASSOCIATES LLP Chartered Accountants !FRN: 102965W/W100192.) ,,<~),

/(- 1029p

~~, o-:- \ -

» If ltv.." ^j ""':. '.-" 1~~' .'J \" ' I

Milind Gandhi '" Partner Membership No. 043194

Mumbai May 18, 2019

Statement of Impact of Audit Qualifications (for Audit Report with Modified Opinion) submitted alongwith Annual Audited Financial Results for the Financial Year ended March 31, 2019 (Consolidated)

I.	!Sr. ! I IN°'I I I	Particulars I I	Audited Figures (as reported before I adjusting for qualifiations)	I Adjusted Figures I (audited figures after I adjusting for qualifiations)
	I.	Turnover I Total Income	4,694.90	4,194.90
	~ L.	. Total Expenditure	2,998.80	2,998.80
I	3.	Net Profit I (Loss)	1,696.10	i)196.10
	4.	Earnings Per Share	I 6.40	4.51
	5.	Total Assets	4,635.39 [	3,807.89
	6.	Total Liabilities	i 1,067.68	1,286.75
	7.	Net Worth	I i 3,567.71	2,521 14
	8.	Any other financial item(s) (as felt appropriate	---	---
I II.		by management) Audit Qualification:
I	1 )	a) Details of Audit Qualification: The Group has accounted for revenue of Rs. 500 Lacs pending satisfaction of perfonnance obligations mandated by the Accounting Standard on Revenue froml Contract with Customers (Ind AS ), 15). Accordingly, the Profit for the year and Trade Receivables are higher by the said amount b) Type of Audit Qualification: Qualified Opinion. c) Frequency of Qualification: First mention. d) For Audit Qualification where the impact is quantified by auditor, Management's views: The management is confident of receipt of revenues shortly in due course as the underlying I transaction has been completed and is awaiting regulatory approval.
		I e) For Audit Qualification where the impact is not quantified by the auditor: I Management's estimation on the impact of audit qualification: Not Applicable. i) I ii) If management is unable to estimate the impact, reasons for the same: Not Applicable. iii) Auditor's comments on (i) or (ii) above: Not Applicable.
	2)	a) Details of Audit Qualification: The Group had, in an earlier financial year, written-back an outstanding payable of Rs. 219.07 Lacs as in the opinion of the management the same was no longer payable. Accordingly, the loss in surplus (Profit & Loss) under Other Equity and Other Current Liabilities are both lower by the said amount.
		b) Type of Audit Qualification: Qualified Opinion.
		c) Frequency of Qualification: Appearing since FY ended March 31, 2018.
		d) For Audit Qualification where the impact is quantified by auditor, Management's views: The management has written-back the said liability as it was no longer payable in the opinion 0 the management.
		e) For Audit Qualification where the impact is not quantified by the auditor:
		Management's estimation on the impact of audit qualification: Not Applicable. i)
		ii) If management is unable to estimate the impact, reasons for the same: Not Applicable.
		iii) Auditor's comments on (i) or (ii) above: Not Applicable.

	3) a) Details of Audit Qualification : The Group had, in an earlier fmancial year, re-instated an advance of Rs. 327.50 Lacs which was previously written-off as not recoverable. Accord ingly, the loss in surplus (Profit & Loss) under Other Equity is lower and Other Non-Current Assets is higher by the said amount.
		b) Type of Audit Qualification: Qualified Opinion.
	c) Frequency of Qualification: Appearing since FY ended March 31 , 2017.
		d) For Audit Qualification where the impact is quantified by auditor, Management's views: The management is in receipt of confirmation from the party and is confident of recovery of the said amount in due course.
		e) For Audit Qualification where the impact is not quantified by the auditor:
		i) Management's estimation on the impact of audit qualification: Not Applicable.
		ii) If management is unable to estimate the impact, reasons for the same: Not Applicable.
	iii) Auditor's comments on (i) or (ii) above: Not Applicable.
	III. Signatories:
		Mr. N. Jayakumar (Managing Director):	" ~ - V-->q' A''''){ . ,
		Mr. Nikhil Shah (Chief Financial Officer):	~V¥ ~0 I h
		Mr. Pradip Dubhashi (Audit Committee Chairman)	, C IA,1aeJ, ~ lV't// L
		Mr. Milind Gandhi, Gandhi & Associates LLP, Chartered Accountants (Auditor of the Company)	~. eI Lv.- ":'

Statement of Impact of Audit Qualifications (for Audit Report with Modified Opinion) submitted along-with Annual Audited Financial Results for the Financial Year ended March 31, 2019 (Standalone)

I.	Sr. No.	Particulars	Audited Figures (as reported before adjusting	Adjusted Figures (audited figures after adjusting for
			for qualifiations)	qualifiations)
	1.	Turnover I Total Income	1,110.60	1,110.60
	2.	Total Expenditure	881.66	881.66
	3.	Net Profit I (Loss)	228.94	228.94
	4.	Earnings Per Share	0.86	0.86
	5.	Total Assets	7,928.72	7,601.22
	6.	Total Liabilities	560.29	560.29
	7.	Net Worth	7,368.42	7,040.92
	8.	Any other financial item(s) (as felt	---	---
		appropriate by management)
II.	I)	Audit Qualification: a) Details of Audit Qualification: The Company had, in an earlier fmancial year, re-instated an
		b) Type of Audit Qualification: Qualified Opinion. c) Frequency of Qualification: Appearing since FY ended March 31,2017. d) For Audit Qualification where the impact is quantified by auditor, Management's views: The management is in receipt of confirmation from the party and is confident of recovery 0 the said amount in due course. e) For Audit Qualification where the impact is not quantified by the auditor: Management's estimation on the impact of audit qualification: Not Applicable i)
	ii) If management is unable to estimate the impact, reasons for the same: Not Applicable
		iii) Auditor's comments on (i) or (ii) above: Not Applicable
III.		Signatories:
	q " Mr. N. Jayakumar (Managing Director): 'i c .J:v,. A j A'A
	~ Mr. Nikhil Shah (Chief Financial Officer): "S--Y ~ /
	Mr. Pradip Dubhashi (Audit Committee () Chairman )
	6: Mr. Milind Gandhi, Gandhi & Associates Chartered Accountants (Auditor of LLP, ~rJtv- "/ the Company) , ~.

PRIME SECURITIES LIMITED PRIME

Regd. Office: 1109/ 1110. Maker Chambers V. Nariman Point. Mumbai 400021 (CIN: L67120MH1982PLC026724) / Td: +9 1-22-6! 842525 Fax: +91-22-24970777 Website: www.primesec.com Email: prime@primtsee.com

		STAT EMENT OF ASSET S AN D LIABILITIES			Amt Rs. Lacs
	PARTICULARS		Standalone		Consolidated
		Year cnded	Year ended	Year ended	Year ended
		31-Mar-19	3 1-Mar-18	31-Mar-19	3 1-Mar-1 8
	A. ASSETS
I.	Non-Current Ass ets
	a) Property, Plants & Equipment	293.05	279.33	443.07	284.60
	b) Other Intangible Assets	0.96	1.21	0.96	1.21
	c) Financial Assets
	(i) Investments	1,766.04	881.18	167.59	136. 17
	d) Deferred Tax Assets	99.08	89.23	99.68	89.23
	Non -Current Advance tax Assets (Net) e)	171.38	157.44	-	96.57
	f) Other Non-Current Assets	347.48	347.43	379.51	356.33
	Total Non-Current Assets	2,677.99	1,755.82	1,090.81	964.11
2.	Current Assets
	Financial Assets a)
	(i) Investments	39.42	28.10	107.43	28. 10
	Trade receivables (ii)	561.46	64.73	2711.74	129.63
	(iii) Cash & Cash equivalents (iv) Bank Balance other than (iii) above	19.60 -	5.76 -	86.84 347.36	10.74 525.00
	(v) Loans	4,604.04	5,067.08	100.00	200.00
	(vi) Others Financial Assets	-	3.58	128.80	140.45
	b) Other Current Assets	26.21	87.61	62.40	169.77
	Total Non-Curren t Assets	5,250.73	5,256.86	3544.57	1,203.69
	TOTA L ASSETS	7,928.72	7,012.68	4635.39	2,167.80
	B. EQ UITY & LIABILITI ES
I.	Equity
	a) Equity Share Capital	1,329.94	1,329.94	1,329.94	1,329.94
	b) Other Equity	6,038.48	4,943.69	2,237.77	(317.83)
	Tota l Eq uity	7,368.42	6,273.63	3,567.7 1	1,012.11
2.	No n-C urr ent Liabilities
	a) Financial Liabilities
	(i) Borrowings	23.02	7.13	88.18	7.13
	b) Deferred Tax Liability (Net)	-	-	1.33	-
	Pro visions c)	211.78	186.20	213.66	193.99
	Tota l No n-Current Liabilities	234.80	193.33	303.18	201.12
3.	C urrent Lia bilities
	a) Financial Liabilities
	Borrowings (i)	173.18	250.00	273.18	587.36
	(ii) Trade Payables	23.49	31.77	43.05 21.92	34.1 5 204.17
	(iii) Other Financiallibilities	5.88 77.71	204.17 25.85	376.Q9	94.11
	b) Other Current Liabilities Provisions c)	45.24	33.93	45.44	34.78
	d) Current tax Liabilities (Net)	-	-	4.84	-
	Total C urrent Liabilities	325.50	545.72	764.51	954.57
	TOTAL EQ UITY AND LIABILITI ES	7,928.72	7,012.68

Mumbai '.I "N: Jayakumar May 18, 2019 Mana", g Director & Group C EO

j)gJ '.oJ" .. oL _ _

~

PRIME SECURITIES LIMITED Regd. Office : 1109/1110, Maker Chambers V, Nariman Point, Mumbai 400021 (CIN: L67120MH1982PLC026724) Tel: +91-22-61842525 Fax: +91-22-24970777 Website: www.primesec.com Email: prime@primesec.com.		PRIME
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2019 SEGMENTWISE REVENUES, RESULTS AND CAPITAL EMPLOYED (CONSOLIDATED)		Amt Rs. Lacs
PARTICULARS	Year ended 31-Mar-19	Year ended 31-Mar-18
Segement Revenue 1.
Merchant Banking a)	4,149.01	2,311.42
Brokerage Mutual Fund b)	436.70
Unallocated $\mathcal{C}$ )
Total	4,585.71	2,311.42
Less: Inter Segment Revenue
Net Income from Operations	4,585.71	2,311.42
2. Segement Results [Profit/(Loss) before Tax & Finance Cost]
Merchant Banking a)	2,330.34	1,536.07
Brokerage Mutual Fund b)	(80.61)
Unallocated c)
Total	2,249.73	1,536.07
Finance Cost Less: i)	(17.43)	(1.87)
Depreciation $\overline{11}$	(38.55)	(14.97)
Unallocable Income (iii)	109.19	91.06
Extraordinary Item iv)	(137.74)	104.70
Total Profit / (Loss) before Tax	2,165.20	1,714.99
3. Capital Employed [Segment Assets - Segment Liabilities]
Merchant Banking a)	3,287.51	847.84
b) Brokerage Mutual Fund	5.18
Unallocated $\mathcal{C}$ )	275.02	164.27
Total Capital Employed in Segments	3,567.71	1,012.11
Mumbai May 18, 2019	For Prime Securities Limited Managing Director & Group CEO	Jayakumar