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Simplex Realty Limited Interim / Quarterly Report 2020
63166_rns_2020-10-20_b894f878-90df-45f2-a1db-d12726adaef8.pdf
Interim / Quarterly Report
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20th October, 2020
Department of Corporate Service BSE Limited P.J Towers, Dalal Street, Mumbai - 400 001
Dear Sir,
Ref: Security Code: 503229
Sub: Un-audited Financial Results for the quarter and half year ended 30th September, 2020
Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith, in the prescribed format, the Un-audited Financial Results (standalone and consolidated) along with Limited Review Report for the quarter and half year ended 30th September, 2020.
The said results have been reviewed by the Audit Committee and taken on record and approved by the Board of Directors of the Company at its meeting held on 20th October, 2020.
You are requested to kindly take the same on record.
MUMBA
Thanking You,
Yours faithfully, For Simplex Realty Limited
Paras Shah Company Secretary & Compliance Officer
Encl: as above
CIN-L17110MH1912PLC000351
Khandelwal & Mehta LLP
Chartered Accountants (LLP No.AAE-3742)
Independent Auditor's Report on Quarterly and Half Yearly Standalone Unaudited Financial Results of Simplex Realty Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
To, The Board of Directors, Simplex Realty Limited Mumbai.
-
- We have reviewed the accompanying statement of Standalone unaudited financial results of Simplex Realty Limited ("the Company") for the quarter and half year ended 30th September, 2020, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Regulation") as amended.
-
- The preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, read with the Circular, is the responsibility of the Company's management and has been approved by the Board of Directors of the Company. 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 Engagements (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 the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ("Ind AS") specified under Section 133 of the Companies Act 2013 as amended, read with relevant rules issued thereunder and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of the Regulation, read with the Circular, including the manner in which it is to be disclosed, or that it contains any material misstatement.
For Khandelwal & Mehta LLP Chartered Accountants (Firm Regn.no.W100084)
Digitally signed by SUNIL SUNIL SUNIL
LAKHMICHAND KHANDELWAL
KHANDELWAL Date: 2020.10.20 S.L Khandelwal (Partner) Mem. No. 101388
UDIN: 20101386AAAA0Y3616
Place : Mumbai Date: 20th October, 2020.
1403 - Sai Indu Tower, Opp. Corpora Mall, LBS Marg, Bhandup West, Mumbai 400078. e e-mail: [email protected] Partners : S.L. Khandelwal - 098212 45353 · J.D. Lalwani - 070457 45727 GSTIN: 27AAPFK6261N1ZL
SIMPLEX REALTY LIMITED
30, KESHAVRAO KHADYE MARG, SANT GADGE MAHARAJ CHOWK, MUMBAI- 400 011 OUARTER AND HALF YEAR ENDED 30TH SERTEMBER 2020
| DINAUDITED STANDALONE FINANCIAL RESOLTS FOR THE QUARTER AND HALF TEAR LINDED SOTH OLI TEMPLIN, 2020 ₹ in Lakhs) |
|||||||
|---|---|---|---|---|---|---|---|
| Quarter ended | Half - Year ended | Year ended | |||||
| Sr.No. | Particulars | 30.09.2020 | 30.06.2020 | 39.09.2019 | 30.09.2020 | 30.09.2019 | 31.03.2020 |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
| 1 | Revenue from operations | 294.26 | 19.33 | 538.57 | 313.59 | 557.00 | 909.23 |
| $\overline{2}$ | Other income | 131.25 | 112.17 | 117.24 | 243.42 | 237.82 | 473.51 |
| 3 | Total revenue (1+2) | 425.51 | 131.50 | 655.81 | 557.01 | 794.82 | 1,382.74 |
| 4 | Expenses: | ||||||
| a) Cost of development/sales | 383.77 | 512.65 | 383.77 | 512.65 | 837.40 | ||
| Employee benefits expense lb) |
65.44 | 66.28 | 57.97 | 131.72 | 125.00 | 258.44 | |
| Finance costs lc: |
6.11 | 6.24 | 11.81 | 12.35 | 21.46 | 35.75 | |
| Depreciation ld) |
3.00 | 2.92 | 4.55 | 5.92 | 8.89 | 18.20 | |
| Other expenses le) |
39.59 | 26.12 | 92.93 | 65.71 | 154.64 | 173.08 | |
| Total expenses | 497.91 | 101.56 | 679.91 | 599.47 | 822.64 | 1,322.87 | |
| 5 | Profit/(Loss) before exceptional items and tax (3-4) | (72.40) | 29.94 | (24.10) | (42.46) | (27.82) | 59.87 |
| 6 | Exceptional items | ||||||
| $\overline{7}$ | Profit/(Loss) before tax (5-6) | (72.40) | 29.94 | (24.10) | (42.46) | (27.82) | 59.87 |
| 8 | Tax expenses : | ||||||
| Current tax | (6.52) | 6.52 | (0.15) | 13.05 | |||
| Deferred tax liability/(asset) | (13.10) | (1.06) | 46.61 | (14.16) | 75.77 | 42.11 | |
| Taxes of earlier years | (0.66) | (0.66) | (0.66) | ||||
| 9 | Profit/(Loss) for the period (7-8) | (52.78) | 24.48 | (69.90) | (28.30) | (102.93) | 5.37 |
| 10 | Other Comprehensive Income/(Expense) - (OCI)-(net of tax) | ||||||
| a) Items that will not be reclassified to profit or loss | (0.37) | 32.28 | (18.29) | 31.91 | (60.85) | (98.40) | |
| b) Items that may be reclassified to profit or loss | 24.82 | (0.22) | 1.11 | 24.60 | 1.11 | (8.64) | |
| Other Comprehensive Income/(Expense) | 24.45 | 32.06 | (17.18) | 56.51 | (59.74) | (107.04) | |
| 11 | Total Comprehensive Income/(Expense) for the period (9+10) | (28.33) | 56.54 | (87.08) | 28.21 | (162.67) | (101.67) |
| 12 | Paid up Equity Share Capital (face value of ₹ 10/- each) | 299.14 | 299.14 | 299.14 | 299.14 | 299.14 | 299.14 |
| 13 | Other Equity excluding Revaluation Reserve | 10,716.36 | |||||
| 14 | Basic & Diluted earning per share (face value of ₹10/- each)* | (1.76) | 0.82 | (2.34) | (0.95) | (3.44) | 0.18 |
*Not annualised, except year end Basic and Diluted EPS
Notes : -
The unaudited standalone financial results for the quarter and half year ended 30th September, 2020 have been reviewed by the Audit Committee and approved by the 1 Board of Directors at their meeting held on 20th October, 2020 in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These results have been prepared in accordance with the Ind AS notified under the Companies (Indian Acccunting Standards) Rules, 2015.
The Statutory Auditors have carried out "Limited Review" of the financial results for the quarter and half year ended 30th September, 2020. $\overline{2}$
The Company has only one reportable segment viz."Property Development", disclosure under Ind AS 108 on "Operating Segments" is not applicable. 3
The Company, as at the date of approval of these financial results has considered internal and external sources of information, in assessing the possible effects that may $\overline{4}$ result from the global health pandemic relating to COVID-19 on the carrying amount of loans, investments, inventories and other assets. As on the date of approval of these financial results, the Company has concluded that the impact of COVID - 19 is not material based on these estimates and expects to recover the carrying amount of these assets. The impact of the global health pandemic may be different from that estimated as at the date of approval of these financial results, the Company will continue to monitor any changes to the future economic conditions.
Figures of the previous periods have been regrouped, wherever necessary, to confirm to the current quarter's presentation. 5
Place: Mumbai, Dated: 20th October, 2020
For Simplex Realty Limited
Nandan Damani Chairman & Managing Director
CIN-L17110MH1912PLC000351
NET REALTY LTD.
UNAUDITED STANDALONE STATEMENT OF ASSETS AND LIABILITIES AS ON 30TH SEPTEMBER,2020
| (र in Lakhs) | ||
|---|---|---|
| As at | As at | |
| Particulars | 30.09.2020 | 31.03.2020 |
| Unaudited | Audited | |
| A ASSETS | ||
| Non-Current Assets | ||
| Property, Plant and Equipment | 132.83 | 138.95 |
| Financial Assets: | ||
| Investments | 3,151.27 | 2,613.34 |
| Loans | 4.39 | 4.39 |
| Other Financial Assets | 12.50 | 12.50 |
| Deferred Tax Assets (Net) | 439.25 | 431.70 |
| Other Non-Current Assets | 159.56 | 154.35 |
| Total Non-current Assets | 3,899.80 | 3,355.23 |
| II Current Assets | ||
| Inventories | 3,175.31 | 3,514.14 |
| Financial Assets: | ||
| Investments | 887.91 | 1,005.21 |
| Cash and Cash Equivalents | 78.68 | 21.75 |
| Bank Balances other than above | 9.36 | 11.02 |
| Loans | 2,123.75 | 2,238.20 |
| Other Financial Assets | 424.48 | 493.68 |
| Other Current Assets | 849.96 | 841.37 |
| Total Current Assets | 7,549.45 | 8,125.37 |
| TOTAL ASSETS | 11,449.25 | 11,480.60 |
| B EQUITY AND LIABILITIES | ||
| 1 Equity |
||
| Equity Share Capital | 299.37 | 299.37 |
| Other Equity | 10,744.57 | 10,716.36 |
| Total Equity | 11,043.94 | 11,015.73 |
| Liabilities | ||
| Il Non-Current Liabilities: | ||
| Financial Liabilities: | 90.94 | 165.29 |
| Borrowings Other Non-Current Financial Liabilities |
16.75 | 15.90 |
| 19.55 | 19.55 | |
| Provisions | 1.30 | 2.17 |
| Other Non-Current Liabilities Total Non-Current Liabilities |
128.54 | 202.91 |
| III Current Liabilities | ||
| 14.77 | ||
| Financial Liabilities: | ||
| Trade Payables | 20.36 | |
| Other Financial Lliabilities | 188.60 | 181.39 |
| Other Current Liabilities | 12.96 54.85 |
13.31 52.49 |
| Provisions | ||
| Total Current Liabilities Total Liabilities |
276.77 405.31 |
261.96 464.87 |
30, Keshavrao Khadye Marg, Sant Gadge Maharaj Chowk, Mahalaxmi (E), Mumbai - 400011
T: +91 22 2308 2951 | F: +91 22 23072773 | E: [email protected] | W: www.simplex-group.com
UNAUDITED STANDALONE STATEMENT OF CASH FLOW FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2020
| For the half year ended 30th Sep 2020 (unaudited) ₹ |
For the half year ended 30th Sep 2019 (unaudited) ₹ |
||
|---|---|---|---|
| А. | CASH FLOW FROM OPERATING ACTIVITIES : | ||
| NET PROFIT / (LOSS) BEFORE TAX | (42, 45, 683) | (27, 82, 055) | |
| Adjustments for: Depreciation on property, plant and equipment |
8,89,085 | ||
| Interest expenses | 5,92,358 | 21,45,882 | |
| Profit on sale of investments (net) | 12,34,587 (21, 13, 327) |
(17, 693) | |
| Dividend income | (1, 24, 548) | (1, 90, 345) | |
| Interest income | |||
| Profit on sale of fixed assets | (1,89,95,518) (19, 92, 765) |
(2, 21, 33, 340) | |
| Changes in fair value of financial assets at fair value through profit or loss | 1,74,397 | ||
| Unwinding of discount on security deposit | |||
| OPERATING LOSS BEFORE WORKING CAPITAL CHANGES | (87, 132) (2, 55, 57, 631) |
(2, 20, 88, 466) | |
| Adjustment for changes in working capital | |||
| Adjustment for (increase) / decrease in operating assets: | |||
| Inventories | 3,38,84,079 | 2,89,83,011 | |
| Trade receivables | (1, 16, 21, 523) | ||
| Other financial assets | 93,29,652 | (18, 94, 821) | |
| Other current assets | (8, 58, 670) | (37, 24, 823) | |
| Other bank balances | 1,65,514 | 1,40,389 | |
| Adjustment for increase / (decrease) in operating liabilities: | |||
| Other financial liabilities | (86, 569) | 41,79,274 | |
| Trade payables | 5,58,155 | 56,80,471 | |
| Long-term provisions | 26,191 | 1,29,537 | |
| Short-term provisions | 2,36,023 | 4,50,000 | |
| Other liabilities | (34, 472) | 9,62,637 | |
| CASH GENERATED FROM/(USED IN) OPERATIONS | 1,76,62,272 | 11,95,686 | |
| Direct taxes refund received / (paid) | (5, 21, 083) | (50, 10, 195) | |
| NET CASH (USED IN)/GENERATED FROM OPERATING ACTIVITIES (A) | 1,71,41,189 | (38, 14, 509) | |
| В. | CASH FLOW FROM INVESTING ACTIVITIES: | ||
| Purchase of fixed assets | (87, 966) | (8, 14, 501) | |
| Sale of fixed assets | 21,00,000 | ||
| Purchase of investments | (10, 85, 50, 937) | (24, 81, 79, 931) | |
| Sale of investments | 7,44,09,986 | 4, 15, 13, 815 | |
| Dividend received | 1,24,548 | 1,90,345 | |
| Interest received | 1,68,87,914 | 4,57,35,797 | |
| Loans / Inter corporate deposits refund / (given) - net | 1,14,45,000 | 17,69,86,290 | |
| NET CASH GENERATED FROM/(USED IN) INVESTING ACTIVITIES (B) | (36,71,455) | 1,54,31,815 | |
| C. | CASH FLOW FROM FINANCING ACTIVITIES : | ||
| Proceeds from / (repayment) of borrowings (net) | (66, 27, 896) | (94, 10, 531) | |
| Interest paid | (11, 48, 918) | (21, 45, 882) | |
| NET CASH USED IN FINANCING ACTIVITIES (C) | (77, 76, 814) | (1, 15, 56, 413) | |
| NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A+B+C) | 56,92,920 | 60,893 | |
| CASH AND CASH EQUIVALENTS - AT THE START OF THE YEAR | 21,74,653 | 21,73,417 | |
| CASH AND CASH EQUIVALENTS - AT THE END OF THE PERIOD | 78,67,573 | 22,34,310 | |
| Cash and cash equivalents comprise of : | As on 30.09.2020 |
As on 30.09.2019 |
|
| Balances with Banks: | |||
| - in Current accounts | 78, 12, 152 | 21, 16, 835 | |
| Cash on hand | 55,421 | 1,17,475 | |
| Cash and cash equivalents | 78,67,573 | 22,34,310 | |
CIN-L17110MH1912PLC000351
$\mathcal{N}_{\Lambda}$ 30, Keshavrao Khadye Marg, Sant Gadge Maharaj Chowk, Mahalaxmi (E), Mumbai - 400011
T: +91 22 2308 2951 | F: +91 22 23072773 | E: [email protected] | W: www.simplex-group.com
Khandelwal & Mehta LLP
Chartered Accountants $(LLP NO.AAE-3742)$
Independent Auditor's Report on Quarter and Half year ended Consolidated Unaudited Financial Results of Simplex Realty Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Requlations, 2015
To, The Board of Directors. Simplex Realty Limited Mumbai.
-
- We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Simplex Realty Limited ("the Parent") and its Associates, (the Parent and its Associates together referred to as "the Group"), for the quarter and half year ended 30th September, 2020 ("the Statement"), being submitted by the Parent pursuant to the requirement of Requlation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
-
- This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, 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 Engagements (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 Consolidated Unaudited Financial Results in the Statement includes the results of Simplex Realty Limited ("the parent") and Simplex Mills Company Limited and Simplex Papers Limited ("the Associates").
-
- Based on our review conducted above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ("Ind AS") specified under Section 133 of the Companies Act 2013 as amended, read with relevant rules issued thereunder and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of the Regulation, read with the Circular, including the manner in which it is to be disclosed, or that it contains any material misstatement.
1403 - Sai Indu Tower, Opp. Corpora Mall, LBS Marg, Bhandup West, Mumbai 400078. $\bullet$ e-mail: [email protected] Partners : S.L. Khandelwal - 098212 45353 ● J.D. Lalwani - 070457 45727 GSTIN: 27AAPFK6261N1ZL
- We did not review financial results of Simplex Mills Company Limited and Simplex Papers limited included in the unaudited Consolidated financial result. The unaudited consolidated results include Group's share of profit after tax and Total Comprehensive Income of Rs 0.90 lakhs and Rs 2.96 lakhs for the quarter ended and half year ended 30.09.2020 respectively, as considered in the statement, in respect of associates, whose interim financial information have not been reviewed by us. The financial results of these entities have been reviewed by the other auditors whose reports have been furnished to us by management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of Simplex Mills Company Limited and Simplex Papers Limited, is based solely on the report of 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 this matter.
For Khandelwal & Mehta LLP Chartered Accountants (Firm Regn.no.W100084)
SUNIL Digitally signed by
SUNIL LAKHMICHAND KHANDELWAL
KHANDELWAL Date: 2020.10.20
KHANDELWAL 16:51:54 +05'30'
Sunil Khandelwal (Partner) Mem. No. 101388
UDIN: 20101388AAADZ8748
Place: Mumbai Date: 20th October, 2020.
SIMPLEX REALTY LIMITED
30, KESHAVRAO KHADYE MARG, SANT GADGE MAHARAJ CHOWK, MUMBAI- 400 011
| UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2020 (そin Lakhs) |
|||||||
|---|---|---|---|---|---|---|---|
| Quarter ended | Half year ended | Year ended | |||||
| Sr.No. | Particulars | 30.09.2020 | 30.06.2020 | 30.09.2019 | 30.09.2020 | 30.09.2019 | 31.03.2020 |
| (Unaudited) | (Audited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | ||
| Revenue from operations | 294.26 | 19.33 | 538.57 | 313.59 | 557.00 | 909.23 | |
| 2 | Other income | 131.25 | 112.17 | 117.24 | 243.42 | 237.82 | 473.51 |
| 3 | Total revenue (1+2) | 425.51 | 131.50 | 655.81 | 557.01 | 794.82 | 1,382.74 |
| 4 | Expenses: | ||||||
| a) Cost of development/sales | 383.77 | 512.65 | 383.77 | 512.65 | 837.40 | ||
| b) Employee benefits expense | 65.44 | 66.28 | 57.97 | 131.72 | 125.00 | 258.44 | |
| c) Finance costs | 6.11 | 6.24 | 11.81 | 12.35 | 21.46 | 35.75 | |
| d) Depreciation | 3.00 | 2.92 | 4.55 | 5.92 | 8.89 | 18.20 | |
| e) Other expenses | 39.59 | 26.12 | 92.93 | 65.71 | 154.64 | 173.08 | |
| Total expenses | 497.91 | 101.56 | 679.91 | 599.47 | 822.64 | 1,322.87 59.87 |
|
| 5 | Profit/(Loss) before share of profit/(loss) of associates, exceptional items and tax (3-4) | (72.40) | 29.94 | (24.10) | (42.46) | (27.82) 19.22 |
28.24 |
| 6 | Share of profit/(loss) of associates | 0.90 | 2.06 | 1.84 | 2.96 | ||
| $\overline{7}$ | Profit/(Loss) before exceptional items and tax (5-6) | (71.50) | 32.00 | (22.26) | (39.50) | (8.60) | 88.11 |
| 8 | Exceptional items | ||||||
| 9 | Profit/(Loss) before tax (7-8) | (71.50) | 32.00 | (22.26) | (39.50) | (8.60) | 88.11 |
| 10 | Tax expenses : | 13.05 | |||||
| Current tax | (6.52) | 6.52 | (0.15) | ٠ 75.77 |
42.11 | ||
| Deferred tax liability/(asset) | (13.10) | (1.06) | 46.61 | (14.16) | (0.66) | (0.66) | |
| Taxes of earlier years | 26.54 | (0.66) (68.06) |
(25.34) | (83.71) | 33.61 | ||
| 11 | Profit/(Loss) for the period (9-10) | (51.88) | |||||
| 12 | Other Comprehensive Income/(Expense) - (OCI)-(net of tax) | 32.28 | (18.29) | 31.91 | (60.85) | (98.40) | |
| a) Items that will not be reclassified to profit or loss | (0.37) | (0.22) | 1.11 | 24.60 | 1.11 | (8.64) | |
| b) Items that may be reclassified to profit or loss | 24.82 24.45 |
32.06 | (17.18) | 56.51 | (59.74) | (107.04) | |
| Other Comprehensive Income/(Expense) | (27.43) | 58.60 | (85.24) | 31.17 | (143.45) | (73.43) | |
| 13 | Total Comprehensive Income/(Expense) for the period (11-/+12) | 299.14 | 299.14 | 299.14 | 299.14 | 299.14 | 299.14 |
| 14 | Paid up Equity Share Capital (face value of ₹10/- each) | 10,325.03 | |||||
| 15 | Other Equity excluding Revaluation Reserve | (1.73) | 0.89 | (2.28) | (0.85) | (2.80) | 1.12 |
| 16 | Basic & Diluted earning per share (face value of ₹ 10/- each) Not annualised, except year end Basic and Diluted EPS |
Notes: -
The unaudited consolidated financial results for the quarter and half year ended 30th September, 2020 have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting $\overline{\mathbf{1}}$ held on 20th October, 2020 in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These results have been prepared in accordance with the Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015.
The Statutory Auditors have carried out "Limited Review" of the financial results for the quarter and half year ended 30th September, 2020. $\overline{\mathbf{2}}$
$\overline{3}$
| Standalone information: | Quarter ended | Half vear ended | Year ended | |||
|---|---|---|---|---|---|---|
| Particulars | 30.09.2020 | 30.06.2020 | 30.09.2019 | 30.09.2020 | 30.09.2019 | 31.03.2020 |
| (Unaudited) | (Audited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) | |
| Total income (including other income) | 425.51 | 131.50 | 655.81 | 557.01 | 794.82 | , 382.74 |
| Profit/(loss) before tax | (72.40) | 29.94 | (24.10) | (42.46) | (27.82) | 59.87 |
| Profit/(loss) after tax | (52.78) | 24.48 | (69.90) | (28.30) | (102.93) | 5.37 |
| the contract of the contract of the contract of the contract of the contract of the contract of the contract of | . |
The Company has only one reportable segment viz."Property Development", disclosure under Ind AS 108 on "Operating Segments" is not applicable. $\overline{\mathbf{r}}$
The Group and its associates, as at the date of approval of these financial results have considered internal and external sources of information, in assessing the possible effects that may result from the global 5 health pandemic relating to COVID-19 on the carrying amount of loans, investments, receivables, inventories and other assets. As on the date of approval of these financial results, the Group has concluded that the impact of COVID - 19 is not material based on these estimates and expects to recover the carrying amount of these assets. The impact of the global health pandemic may be different from that estimated as at the date of approval of these financial results, the Group will continue to monitor any changes to the future economic conditions.
Figures of the previous periods have been regrouped, wherever necessary, to confirm to the current quarter's presentation. 6
or Simplex Realty Limited
Nandan Damani Chairman & Managing Director
Place: Mumbal, Dated: 20th October, 2020
UNAUDITED CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS ON 30TH SEPTEMBER, 2020
| (₹ In Lakhs) | ||
|---|---|---|
| As at | As at | |
| Particulars | 30.09.2020 | 31.03.2020 |
| Unaudited | Audited | |
| A ASSETS | ||
| I Non-Current Assets | ||
| Property, Plant and Equipment | 132.83 | 138.95 |
| Financial Assets: | ||
| Investments accounted for using the equity method | 701.12 | 698.17 |
| Other Investments | 2,061.77 | 1,523.84 |
| Loans | 4.39 | 4.39 |
| Other Financial Assets | 12.50 | 12.50 |
| Deferred Tax Assets (Net) | 439.25 | 431.70 |
| Other Non-Current Assets | 159.56 | 154.35 |
| Total Non-current Assets | 3,511.42 | 2,963.90 |
| Il Current Assets | ||
| Inventories | 3,175.31 | 3,514.14 |
| Financial Assets: | ||
| Investments | 887.91 | 1,005.21 |
| Cash and Cash Equivalents | 78.68 | 21.75 |
| Bank Balances other than above | 9.36 | 11.02 |
| Loans | 2,123.75 | 2,238.20 |
| Other Financial Assets | 424.48 | 493.68 |
| Other Current Assets | 849.96 | 841.37 |
| TOTAL ASSETS | Total Current Assets 7,549.45 11,060.87 |
8,125.37 11,089.27 |
| B EQUITY AND LIABILITIES | ||
| I Equity | ||
| Equity Share Capital | 299.37 | 299.37 |
| Other Equity | 10,356.19 | 10,325.03 |
| 10,655.56 Total Equity |
10,624.40 | |
| Liabilities | ||
| Il Non-Current Liabilities: | ||
| Financial Liabilities: | ||
| Borrowings | 90.94 | 165.29 |
| Other Non-Current Financial Liabilities | 16.75 | 15.90 |
| Provisions | 19.55 | 19.55 |
| Other Non-Current Liabilities | 1.30 | 2.17 |
| Total Non-Current Liabilities | 128.54 | 202.91 |
| III Current Liabilities | ||
| Financial Liabilities: | ||
| Trade Payables | 20.36 | 14.77 |
| Other Financial Lliabilities | 188.60 | 181.39 |
| Other Current Liabilities | 12.96 | 13.31 |
| Provisions | 54.85 | 52.49 |
| Total Current Liabilities 276.77 |
261.96 | |
| Total Liabilities 405.31 |
464.87 | |
| TOTAL EQUITY AND LIABILITIES | 11,060.87 | 11,089.27 |
CIN-L17110MH1912PLC000351
30, Keshavrao Khadye Marg, Sant Gadge Maharaj Chowk, Mahalaxmi (E), Mumbai -- 400011
T: +91 22 2308 2951 | F: +91 22 23072773 | E: [email protected] | W: www.simplex-group.com
UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOW FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2020
| For the half year ended 30th Sep 2020 |
For the half year ended 30th Sep 2019 |
||
|---|---|---|---|
| (unaudited) | (unaudited) | ||
| ₹ | ₹ | ||
| А. | CASH FLOW FROM OPERATING ACTIVITIES: NET PROFIT / (LOSS) BEFORE TAX |
(39, 50, 069) | (8, 59, 874) |
| Adjustments for: | |||
| Depreciation on property, plant and equipment | 5,92,358 | 8,89,085 | |
| Interest expenses | 12,34,587 | 21,45,882 | |
| Profit on sale of investments (net) | (21, 13, 327) | (17, 693) | |
| Dividend income | (1, 24, 548) | (1, 90, 345) | |
| Interest income | (1,89,95,518) | (2, 21, 33, 340) | |
| Profit on sale of fixed assets | (19, 92, 765) 1,74,397 |
||
| Changes in fair value of financial assets at fair value through profit or loss Unwinding of discount on security deposit |
(87, 132) | ||
| Share of profit in associate | (2,95,614) | (19, 22, 182) | |
| OPERATING LOSS BEFORE WORKING CAPITAL CHANGES | (2, 55, 57, 631) | (2, 20, 88, 467) | |
| Adjustment for changes in working capital | |||
| Adjustment for (increase) / decrease in operating assets: | |||
| Inventories | 3,38,84,079 | 2,89,83,011 | |
| Trade receivables | (1, 16, 21, 523) | ||
| Other financial assets | 93,29,652 | (18, 94, 821) | |
| Other current assets | (8,58,670) | (37, 24, 823) | |
| Other bank balances | 1,65,514 | 1,40,389 | |
| Adjustment for increase / (decrease) in operating liabilities: Other financial liabilities |
(86, 569) | 41,79,274 | |
| 5,58,155 | 56,80,471 | ||
| Trade payables Long-term provisions |
26,191 | 1,29,538 | |
| Short-term provisions | 2,36,023 | 4,50,000 | |
| Other liabilities | (34, 472) | 9,62,637 | |
| CASH GENERATED FROM/(USED IN) OPERATIONS | 1,76,62,272 | 11,95,686 | |
| Direct taxes refund received / (paid) | (5, 21, 083) | (50, 10, 195) | |
| NET CASH (USED IN)/GENERATED FROM OPERATING ACTIVITIES (A) | 1,71,41,189 | (38, 14, 509) | |
| В. | CASH FLOW FROM INVESTING ACTIVITIES : | ||
| Purchase of fixed assets | (87, 966) | (8, 14, 501) | |
| Sale of fixed assets | 21,00,000 | ||
| Purchase of investments | (10, 85, 50, 937) | (24, 81, 79, 931) | |
| Sale of investments | 7,44,09,986 | 4, 15, 13, 815 | |
| Dividend received | 1,24,548 | 1,90,345 | |
| Interest received | 1,68,87,914 | 4,57,35,797 | |
| Loans / Inter corporate deposits refund / (given) - net | 1,14,45,000 | 17,69,86,290 | |
| NET CASH GENERATED FROM/(USED IN) INVESTING ACTIVITIES (B) | (36, 71, 455) | 1,54,31,815 | |
| C. | CASH FLOW FROM FINANCING ACTIVITIES: Proceeds from / (repayment) of borrowings (net) |
(66, 27, 896) | (94, 10, 531) |
| Interest paid | (11, 48, 918) | (21, 45, 882) | |
| NET CASH USED IN FINANCING ACTIVITIES (C) | (77, 76, 814) | (1, 15, 56, 413) | |
| NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (A+B+C) | 56,92,920 | 60,893 | |
| CASH AND CASH EQUIVALENTS - AT THE START OF THE YEAR | 21,74,653 | 21,73,417 | |
| CASH AND CASH EQUIVALENTS - AT THE END OF THE PERIOD | 78,67,573 | 22,34,310 | |
| Cash and cash equivalents comprise of : | As on | As on | |
| 30.09.2020 | 30.09.2019 | ||
| Balances with Banks: | |||
| - in Current accounts | 78,12,152 | 21, 16, 835 | |
| Cash on hand | 55,421 | 1,17,475 | |
| Cash and cash equivalents | 78,67,573 | 22,34,310 |
CIN-L17110MH1912PLC000351
30, Keshavrao Khadye Marg, Sant Gadge Maharaj Chowk, Mahalaxmi (E), Mumbai - 400011
T: +91 22 2308 2951 | F: +91 22 23072773 | E: [email protected] | W: www.simplex-group.com