Skyline Millars Ltd — Interim / Quarterly Report 2020

Oct 28, 2020

SKYLINE MILLARS LIMITED Miaarc

2Bu. October,2020

To, The Manager - Listing Department The BSE Limited PhirozeJeejeebhoy Towers, Dalal Street, Mumbai - 400 001.

Reference: - Skyline Millars Limited BSE Code _ ⁵⁰⁵⁶⁵⁰

Dear Sir(s),

With reference to above captioned subjecf we wish to inform you that the Board of Directors at their meeting held today has approved and took on record. the Un-Audited Financial Results of the company for the second quarter and half year ended 30n septemb er,2020

udited Financial Results along with Asset Liability ter and half year ended 30n September,2020 along

The Board meeting conunence d at2.rb p.m. and concluded at 4.00 p.m.

Kindly take the s'une on record and acknowledge the receipt.

For Skyline Millars Limited

Neelam Shah Company Secretary Encl.: as above

Safes Office:. Cl2, Skyline Welthspace, Gate No. 2, Skyline Oasis, Premier Road, Vidyavihar (w), Mumbai - 400 086. TeL : (022) 2511 2194 | 95

Registered Office : Churchgate House, 4tn Floor, 32-34, Veer Nariman Road, Fort, Mumbai - 400 OOI . TeL :(022) 2204 7471 . wwrv.skylnemillarsltd.com CIN : L63020MH191 9PLC000640 NEELAM

SKYTINE MIII.ARS TIMITED ctN No. t53020MH1919Ptc00061u) REGD. OFFTCE 34TH FtOOR, CHURCHGATE HOUSE 32-34, VEER NARTMAN ROAD, FORT, MUMBAT _ 4OOOO1 STATEMENT OF UNAUDITED FINANCIAT RESUTTS FOR THE QUARIER ENDED 3OTH SEPT, 2OiO

rr

	Costiof materials consumed
	Purchase ofstock in trrade
	(c) charige in inventories of finished goods, work-in-progress and stock-in-trade
		20.23
		7.66
	(g) Depreciation and amortisation expenses	0.06
	(h) Other Exoenses	0.67
	/ ([oss) before exceptional items and tax (1-2) lional items
	a) Current tax
	b) (Excess)/Short Tax Provision of earlier years
6
7
8	frqm discontinuing operations
9
10
11
	Other Comprehenslve Income (Net of Tax)
	A,.ltem3 that will not,be reclassified to profit &
72
l5
	up Equity Share Capital {Face Value Re 1/- eachl
				402.24			402.24
	excluding Revaluation Resewes as per Balance Sheet of the previous
							2,0/.S.O7
	a) Earning per share Basic & Diluted (in Rs) (for continuing operations) (not
	Earning per share Basic & Diluted (in Rs) (for discontinuing operations) (not						o.47

Notes:

• 1) The above results have been reviewed by the Audit committee and approved by the Board of Darectors at their respective meetingsheldonoctober23,2020.ThestatutoryAuditorshavecarriedoutaLimitedReviewof theresultsforHalf year ended 30th September 2020.
• 2l The above results have been prepared in accordance with companies (lndian Accounting Standards) Rules, 2015 (,lnd As,) prescribed undersection 133 ofthe companies Act,2o13, read togetherwith rule 3 ofthe companies (lndian Accounting standards) Rules, 2015 and companies (rndian Accounting standards) (Amendment) Rules, 2016.
• 3) The company has considered possible impact of known events arising from covlD 19 pandemic on the carryinE amount of assets in the preparation of financial statements. However, the impact assessment of covlD 19 is a continuing process given the uncertainities associated with its nature and duration. The company will continue to monitor any material changes to future economic conditions' The Company has consider the internal and external source of information including economic forecasts and industry reporu up to the date ofapproval ofthe financial statements in determining the impact on various elements of its financialstatements. Thecompanyhasusetheprinciplesofprudenceinapplyingjudgements,estimatesandassumptjons including sensitivity analysis and base on the current estimates, the company does not have any material impact due to covid-19 outbreak. The eventual outcome of impact ofthe global health pandemic may be different from those estimated as on date ofapproval of these fi nancial statements.
• Duringthe current Quarter, The management ofthe Compahy hase decided to discontinue one ofthe division at Umreth vide Board Resolution dated 24th August,2020. 4',,
• The company is primarily engaged in Real Estate business and after discontinuation of Umreth division there is only one reportable segment. sl
• Figures for the previous periods have been re-grouped f re-arranged wherever necessary. 6)

For and on behalf of Board of Directors

Place: Mumbal Date r October 28, 2020 DIN No;01448536 lwhole time Director)

SKYTINE MILIARS TIMITED ctN No. t63020MH1919PtC000540 REGD. OFFICE:4TH FLOOR, CHURCHGATE HoUsE 32-34, VEER NARTMAN ROAD, FORT, MUMBAT - 4OOOO1 STATEMENT OF ASSETS AND LIABILITIES

		Rs. In lakhs
	28.86	t2!.22
	37.77	38.09
(i) Non <urrent investments<="" td="">
(ii) Trade receivables	0.58	0.54
(iii) Loans
(iv) Other financial assets	55.81 t89.M	55.81
	105.6s	226.18
	29.84	68.85
	457.95	81.68 602.35
	7,298.16	t,377.46
(i) Trade and other receivables	11.50	73.22
(ii) Cash and cash equivalents	67.30	57.46
(iii) Bank balances other than (ii) above	500.50	329.67
(iv) Loans	o:47	0.33
(v) Other financial assets for Current Tax (Net)
Classified as Held for Sale
current assets	395.33	310.26
	37.90	37.96
(i) Other financial liabilities - non-current
	19.26 30.90
for Non CurrentTax (Net)	0.00
ncial Liabilities
(i) Short Term Borrowings
(ii) Trade and other payables
Total outstanding dues of micro enterprises and small
enterDrises
Total outstanding dues of creditors other than micro
enterDrises and small enterDrises
(iii) Other financial tiabilities

Cash Flow Statement

			(Rs. In Lakhs)
	Particulars	Half Year ended	H alf Year ended
		30.09.2020	30.09.2019
A)	Cash Flow from operating activities	(Unaudited)	(Unaudited)
	Profit / (Loss) before tax from
	Continuing operations	178.62
	Discontinued Operations		234.77
	Profit before tax including discontinued operations	(7.90) 170.72	(B2.58)
	Adjustments for		152.18
	Depreciation and amortisation expense
	Finance cost	6.56	6.80
	Interest income from financial assets at amortised cost	0.11
	Dividend income	(11.66)	(2.74)
	Inventory written off	(0.01)	(0.02)
	Sundry balances written back		17.37
	Expected credit loss	(28.68)	(2.00)
	Net gain on disposal of property, plant and equipment		78.32
	Operating profit before working capital changes		(0.97)
		137.03	248.94
	Adjustments for
	(Increase)/Decrease in trade receivables
		30.40	19.77
	Increase/(Decrease) in trade payables	(0.08)
	(Increase)/Decrease in financial assets	(1.11)	(0.08)
	(Increase)/Decrease in other assets	51.90	74.33
	Increase/(Decrease) in financial liabilities	(7.37)	29.87
	Increase/(Decrease) in provisions	(80.93)	(7.14)
	Increase/(Decrease) in other liabilities		(3.25)
	(Increase)/Decrease in inventories	(24.20)	(24.89)
	Cash flow from / (used in) operating activities post working capital changes	19.29	0.94
	Income taxes paid (Net of refunds)	124.92	338.43
	Net Cash flow generated from operating activities (A)	43.02	5.80
		167.94	344.29
	Cash Flow from Investing activities
	Proceeds from property, plant and equipment	1.06
	Purchase from investments		0.97
	Deposits with bank	٠	(0.01)
	Interest income		(201.51)
	Dividend received	11.66	2.74
	Net Cash Flow used In investing activities (B)	0.01	0.02
		12.73	(197.79)
	Cash Flow from financing activities
	Proceeds from borrowings
	Repayments of borrowings
	Interest paid
	Net Cash Flow used in financing activities (C)	×
		۰	٠
	Net increase / (decrease) in cash and cash equivalents (A+B+C)
		180.67	146.50
	Cash and cash equivalents at the beginning of the period
		387.13	38.09
	Cash and cash equivalents at the end of the period
		567.80	184.60

Carpeliti Dave

Manubhai & Shah LLP

Chartered Accountants

Independent Auditor's Review Report on the Quarterly Unaudited Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors SKYLINE MILLARS LIMITED

• We have reviewed the accompanying statement of unaudited financial results of 1. Skyline Millars Limited (the 'Company') for the quarter and half year ended September 30,2020 (the 'Statement') being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. The preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (lnd 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 is the responsibility of the Company's management and has been approved by the Board of Directors of the Company, Our responsibility is to issue report on the statement based on our review.
• We conducted our review of the Statement in accordance with the Standard on Review $3.$ 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 provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
• 1. 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 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 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 MANUBHAI & SHAH LLP CHARTERED ACCOUNTANTS FRN: 106041W/W100136

CA Laxminarayan P. Yekkali PARTNER Membership No. 114753 UDIN: 20114753AAAAACU9124

Place: Mumbai Date: 28/10/2020.

Manubhai & Shah LLP, a Limited Liability Partnership with LLP identity No.AAG-0878 Regd.Office: G-4, Capstone, Opp. Chirag Motors, Sheth Mangaldas Road, Ellisbridge, Ahmedabad-380006. Gujarat, India. Phone: +91 79 2647 0000 Fax: 91-79-2647 0050 Email: info@msglobal.co.in

3C. Maker Bhayan-2, 18. New Marine Lines, Mumbai - 400020, Phone : 022-66333558

Email: infomumbai@msglobal.co.in

Website : www.msglobal.co.in

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