Total Transport Systems Limited — Annual Report 2021

Jun 28, 2021

Total Transport Systems Limited Member of the C.P. World Group

7 th floor,T Square,Opp. Chandivali Petrol Pump, Saki-Vihar Road, Saki Naka, Andheri (E), Mumbai- 400072. Maharashtra, INDIA. Tel:-+91-22-66441500 Fax: +91-22-66441585 Email: info@ttspl.in www.ttspl.in CIN: L63090MH1995PLC091063

28th June, 2021

To,

The Manager Listing Compliance Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051

SYMBOL: TOTAL

Dear Sir / Madam,

Sub: Outcome of the Board Meeting held on 28th June 2021 pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

With respect to the captioned subject, we hereby inform you that, the Board of Directors of the Company in their meeting held on 28th June, 2021 has inter alia:

• 1. Considered and approved the Audited Standalone & Consolidated Financial Results of the Company for the quarter and year ended on 31st March, 2021 along with the Audit Report thereon.
• 1. Declaration for unmodified opinion on Auditors Report.

Other Businesses:-

• 1. Considered and approved the Appointment of M/s. V. R. Sabnis & Associates, Chartered Accountants, as Internal Auditor of the Company (brief profile is attached herewith).
• 1. Considered and approved the Appointment of M/s. Mishra & Associates, Company Secretaries, as Secretarial Auditor of the Company (brief profile attached herewith).

As required under Regulation 33 of the SEBI (Listing Obligation and Disclosures Requirements), 2015, please find the attached Audited Standalone and Consolidated Financial Results for the quarter and year ended on March 31, 2021 along with the Audit Report by the Auditors of the Company.

The Meeting of the Board of Directors Commenced at 11:30 A.M. and concluded at 12:45 P.M.

Kindly take note of the above.

Thanking you,

Yours faithfully,

For Total Transport Systems Limited

Bhavik Shantilal Trivedi Digitally signed by Bhavik Shantilal Trivedi Date: 2021.06.28 12:46:56 +05'30'

Bhavik Trivedi Company Secretary & Compliance Officer

S C M K & Co LLP

Chartered Accountants

Block No. 2, Samata Sadan, S H Paralkar Marg, Dadar West, Mumbai- 400028

Auditor's Report on Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To Board of Directors, Total Transport Systems Limited

We have audited the quarterly financial results of Total Transport Systems Limited for the quarter ended 31st March 2021 and the year to date results for the period 1st April 2020 to 31st March 2021, attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by Circular No. CIR/CFD/FAC/62/2016 dated 5th July 2016. These quarterly financial results as well as the year to date financial results have been prepared on the basis of the interim financial statements, which are the responsibility of the company's management. Our responsibility is to express an opinion on these financial results based on our audit of such interim financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard for Interim Financial Reporting (IND AS 34), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder; or by the Institute of Chartered Accountants of India, as applicable and other accounting principles generally accepted in India.

We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement(s). An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.

In our opinion and to the best of our information and according to the explanations given to us these quarterly financial results as well as the year to date results:

• (i) Are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by CIR/CFD/FAC/62/2016 dated 5th July 2016 in this regard; and
• (ii) Give a true and fair view of the net profit and other financial information for the quarter ended 31st March 2021 as well as the year to date results for the period from 1st April 2020 to 31st March 2021

Place: Mumbai Date: 28th June 2021 UDIN: 21043152AAAAAG9967 For S C M K & Co LLP Chartered Accountants Firm Reg. No. W100662

S M Chitnis Partner

TOTAL TRANSPORT SYSTEMS LIMITED STATEMENT OF PROFIT AND LOSS FOR THE QUARTER AND YEAR ENDED 31st MARCH 2021

					( Rs. In Lakhs )
		Quarter Ended			Year Ended
PARTICULARS	31st March 2021	31st December 2020	31st March 2020	31st March 2021	31st March 2020
	Audited	Unaudited	Audited	Audited	Audited
	Rs.	Rs.	Rs.	Rs.	Rs.
I. Revenue From Operations	8,667.70	6,646.60	9,066.85	26,479.62	32,255.29
II. Other Income	16.92	0.33	0.66	17.94	3.25
III. Total Revenue (I +II)	8,684.62	6,646.92	9,067.51	26,497.56	32,258.54
IV. Expenses
a. Employee Benefit Expenses	513.11	554.42	532.51	1,840.15	2,036.20
b. Finance Cost	52.44	53.67	61.59	222.85	208.73
c. Depreciation and Amortisation Expenses	18.62	22.71	29.63	84.86	120.90
d. Other Expenses	7,728.22	5,948.80	8,588.48	24,071.24	29,349.53
V. Total Expenses	8,312.39	6,579.60	9,212.21	26,219.10	31,715.36
VI. Profit Before Exceptional & Extraordinary
Items & Tax (III-V)	372.23	67.32	-144.71	278.46	543.18
VII. Exceptional Items	-	-	-	-	-
VIII. Profit Before Extraordinary
Items & Tax (VI-VII)	372.23	67.32	-144.71	278.46	543.18
IX. Extraordinary Items	-	-	-	-	-
X. Profit Before Tax (VIII-IX)	372.23	67.32	-144.71	278.46	543.18
XI. Tax Expense
a. Current Tax	89.95	-	38.73	89.95	166.05
b. Deferred Tax	-20.58	7.53	-44.55	-13.05	-8.89
c. MAT Credit Entitlement	-
XII. Profit for the Year from
Continuing Operations (X-XI)	302.85	59.79	-138.90	201.56	386.02
XIII) Other Comprehensive Income
A. Items that will not be reclassified to Profit or loss
Re-measurement gains/(losses) on defined benefit plans	-35.72	-	-46.06	-35.72	-46.06
Income Tax Effect	7.59	-	1.09	7.59	1.09
Net other comprehensive income to not be reclassified to profit
or loss in subsequent periods	-28.13	-	-44.97	-28.13	-44.97
B. Items that will be reclassified to profit or loss in subsequentyears
Net gain/(loss) on FVTOCI debt Securities	0.90	-	1.46	0.90	1.46
Income Tax Effect	-0.20	-	-0.13	-0.20	-0.13
Net other comprehensive income to be reclassified to profit orloss in subsequent periods	0.70	-	1.33	0.70	1.33
Other Comprehensive Income for the year, net of tax	-27.43	-	-43.64	-27.43	-43.64
XIV) Total Comprehensive Income for the period(XII+XIII) (Comprehensive profit (loss) and Other
Comprehensive Income for the period)	275.42	59.79	-182.53	174.13	342.38
XV. Paid-up equity share capital of Rs. 10 Each	1,430.60	1,430.60	1,430.60	1,430.60	1,430.60
XVI. Reserve excluding Revaluation Reserves as per balance sheetof previous accounting year	-	-	-	3,719.33	3,545.20
XVII. Earnings Per Share ( not annualised )
a. Basic	2.12	0.42	-0.97	1.41	2.70
b. Diluted	2.12	0.42	-0.97	1.41	2.70

1. The above results,which have been subjected to an audit by the statutory Auditors of the Company are published in accordance with regulation 33 of the SEBI (LODR) Regulations, have been reviewed by the audit committee and approved and taken on record by the Board of Directors at its meeting held through Video Conferencing on 28th June 2021. The financials results are prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, Companies (Indian Accounting Standards) (Amendment) Rules and other accounting standards generally accepted in India.

2. The format for the audited/unaudited financial results are as prescribed by SEBI circular CIR/CFD/CMD/15/2015 have been modified to comply with the requirements of SEBI circular dated 5th July 2016, Ind AS and Schedule III (Division II) to the Companies Act, 2013, which are applicable to the Companies that are required to comply with Ind AS

3. The statement of standalone financial results have been prepared in accordance with Indian Accounting Standards (Ind AS), the provisions of the Companies Act, 2013, as applicable and guidelines issued by the SEBI.

4. Disclosure of segment reporting as per the requirements of Ind AS 108 "Operating Segment" is reported in the consolidated financial statements of the Company. Therefore, the same has not been separately disclosed in the standalone financial statements in line with the requirement of Ind AS 108.

5. Figures have been regrouped /re-classified where ever necessary

6. Figures of the last Quarter ended 31st March, 2021 are the balancing figures between audited figures in respect of the full finacial year and publised year-to-date figure upto the third quarter of the current financial year

7. During the quarter and year ended 31st March 2021 the Company has not received any complaint from the investor.

8. The above financial results are available on the website of the Company i.e. www.ttspl.in under investor tab and on the website of national stock exchange i.e. www.nseindia.com

Date : 28th June, 2021. For Total Transport Systems Limited Makarand Pradhan Place : Mumbai Managing Director

TOTAL TRANSPORT SYSTEMS LIMITED
BALANCE SHEET AS AT 31ST MARCH, 2021
	AS AT	( Rs. In Lakhs )
PARTICULARS	31st March 2021	AS AT31st March 2020
I. ASSETS
1) Non-Current Assets
(a) Property, Plant and Equipment	733.68	823.06
(b) Capital work-in-progress	-	-
(c) Investment Property	-	-
(d) Goodwill	-	-
(e) Other Intangible Assets	-	-
(f) Intangible Assets under development	13.15	13.15
(g) Investments in Subsidiaries and Associates	37.26	37.26
(h) Financial Assets
(i) Investments	6.80	5.89
(ii) Trade Receivables	-	-
(iii) Loans	944.26	508.47
(iv) Others (to be specified)	-	-
(i) Deferred Tax Asset (Net)	108.13	87.69
(j) Other Non-Current Assets	40.65	77.11
	1,883.92	1,552.64
2) Current Assets
(a) Inventories
(b) Financial Assets
(i) Investments	-	-
(ii) Trade Receivables	7,389.04	9,638.74
(iii) Cash and Cash Equivalents	165.99	18.82
(iv) Bank balance other than (iii) above	27.59	21.39
(v) Loans	29.38	32.22
(vi) Others (to be specified)	-	-
(c) Current Tax Assets (Net)	596.58	594.03
(d) Other Current Assets	-	-
	8,208.58	10,305.19
Total Assets	10,092.50	11,857.83
II. EQUITY AND LIABILITIES
EQUITY
(a) Equity Share Capital	1,430.60	1,430.60
(b) Other Equity	3,719.33	3,545.20
Total Equity	5,149.93	4,975.80

LIABILITIES
1) Non-Current Liabilities
(a) Financial Liabilities
(i) Borrowings	430.99	33.59
(ii) Trade Payables	-	-
a. total outstanding dues of micro enterprises
and small enterprises
b. total outstanding dues of creditors other than
micro enterprises and small enterprises
(iii) Other Financial Liabilities (Other than	-	-
those specified in item (b), to be specified)
(b) Provisions	400.37	335.44
(c) Deferred Tax Liabilities (Net)	-	-
(d) Other Non-Current Liabilities	-	-
	831.36	369.03
2) Current Liabilities
(a) Financial Liabilities
(i) Borrowings	1,898.00	2,153.27
(ii) Trade Payables
a. total outstanding dues of micro enterprises	5.52	7.22
and small enterprises
b. total outstanding dues of creditors other than	1,428.30	3,464.12
micro enterprises and small enterprises
(iii) Other Financial Liabilities (Other than	-	-
those specified in item (c)
(b) Other Current Liabilities	180.15	394.45
(c) Provisions	599.23	493.95
(d) Current Tax Liabilities (Net)	-	-
	4,111.21	6,513.00
Total Equity and Liabilities	10,092.50	11,857.83

Place: Mumbai

Date: 28th June, 2021 For Total Transport Systems Limited

Makarand Pradhan Managing Director

TOTAL TRANSPORT SYSTEMS LIMITED CASH FLOW STATEMENT FOR THE YEAR ENDED 31st MARCH, 2021

( Rs. In Lakhs )
PARTICULARS	FOR THE YEAR ENDED31st MARCH, 2021	FOR THE YEAR ENDED31st MARCH, 2020
A. Cash flow from operating activities:
Profit before tax	278.46	543.18
Adjustments:
Depreciation & amortization	84.86	120.90
Interest Expense	222.85	208.73
Interest Income	(17.94)	(1.10)
Loss on Sale of Assets	18.92	-
Profit on Sale of Assets	-	(2.15)
Provision for Gratuity	29.21	23.58
Working capital changes :
Trade Payable	(2,037.52)	2,184.26
Other Current Liabilities	(214.29)	211.91
Short-Term Provisions	105.28	481.86
Trade Receivables	2,249.71	(3,299.02)
Bank Balance other than Cash and Cash Equivalents	(6.20)	(12.04)
Short-Term Loans and Advances	2.83	8.09
Net cash generated from operations	716.17	468.18
Direct taxes Paid	(260.11)	(405.01)
Net cash generated by operating activities	456.06	63.17
B. Cash flow from investing activities:
Purchase of fixed assets	(14.40)	(15.01)
Sale of Asset	-	2.97
Loan given to Related Parties	(232.12)	(327.45)
Security Deposits Given	-	(10.75)
Balances Given to Government	(4.72)	(58.22)
Security Deposits Refunded	5.11
Interest Income	17.94	1.10
Investment in Seedeer (India) E-Commerce Private Limited	-	(15.00)
Net cash used in investing activities	(228.18)	(422.35)
C. Cash flow from financing activities:
Interest Expense	(222.85)	(208.73)
Working Capital Loan	427.98	-
Repayment of Loans	(34.79)	(185.13)
Net cash (used in) / generated from financing activities	170.34	(393.85)
Net increase in cash and cash equivalents during the year	398.21	(753.04)
Cash and cash equivalents at the beginning of the year	(2,117.20)	(1,364.16)
Cash and cash equivalents at the end of the year	(1,718.98)	(2,117.20)
Cash and cash equivalents at the beginning of the year Comprise of
the following
Cash and Cash Equivalents	18.82	270.12
Bank Overdraft	(2,136.02)	(1,634.28)
Total	(2,117.20)	(1,364.16)
Cash and cash equivalents at the end of the year Comprise of the
following
Cash and Cash Equivalents	165.99	18.82
Bank Overdraft	(1,884.97)	(2,136.02)
Total	(1,718.98)	(2,117.20)

Place: Mumbai

Date: 28th June, 2021 For Total Transport Systems Limited

Makarand Pradhan Managing Director

S C M K & Co LLP

Chartered Accountants

Auditor's Report on the audit of the annual financial results of the group with the last quarter financial results being balancing figures Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

To Board of Directors, Total Transport Systems Limited

We have audited the accompanying Statement of Consolidated Financial Results of Total Transport Systems Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") and its share of the net profit/(loss) after tax and total comprehensive income / loss of its associates and joint ventures for the year ended 31 March 2021 ("the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been compiled from the related interim consolidated financial statements which has 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 an opinion on the Statement based on our audit of such interim consolidated financial statements.

We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act 2013. Those Standards require that 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 the Parent's preparation and fair presentation of the Statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the Parent's internal financial control with reference to the Statement. 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 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.

We believe that the audit evidence obtained by us and the audit evidence obtained by the other auditors in terms of their reports referred to in below, is sufficient and appropriate to provide a basis for our audit opinion.

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 on separate financial

S C M K & Co LLP

Chartered Accountants

statements and the other financial information of branches and joint operations of the Group, subsidiaries, associates and joint ventures referred to below, the Statement:

• A. Includes the results of the following entities:
  • CP World Logistics Private Limited
  • Oneworld Logistics Private Limited
  • Total Transport Systems Private Limited (Nepal)
  • Seedeer (India) E-Commerce Private Limited Associate
• B. Is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended; and
• C. Gives a true and fair view in conformity with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India of the consolidated total comprehensive income (comprising of net profit and other comprehensive loss) and other financial information of the Group for the year ended 31st March 2021

We did not audit the financial statements of Total Transport Systems Private Limited (Nepal) included in the consolidated financial results, whose financial statements reflect total assets of Rs. 66.98 Lakhs as at 31st March, 2021, total revenues of Rs.131.39 Lakhs, total net profit / (loss) after tax of Rs. 6.12 Lakhs, and cash flows (net) of Rs. 28.58 Lakhs for the year ended on that date, as considered in the consolidated financial results. The consolidated financial results also include the Group's share of net loss of Rs. 6.78 Lakhs for the year ended 31st March, 2021, as considered in the consolidated financial results, in respect of Seedeer (India) E-Commerce Private Limited a associate, whose financial statements have not been audited by us. These financial statements have been audited by other auditors whose reports have been furnished to us by the Management and our opinion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and associates, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph above.

Our opinion on the Statement is not modified in respect of the above matters

The Statement includes the results for the quarter year ended 31st March 2021 being the balancing figure between audited figures in respect of the full financial year and the published unaudited year to date figures up to the quarter ended of the current financial year which were subject to limited review by us.

Place: Mumbai Date: 28th June 2021 UDIN: 21043152AAAAAH1559 For S C M K & Co. LLP Chartered Accountants Firm Reg. No. W100662

S M Chitnis Partner Membership No. 043152

TOTAL TRANSPORT SYSTEMS LIMITED
STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31st MARCH 2021

	Quarter Ended OnYear ended on			( Rs. In Lakhs )
PARTICULARS	31st March 2021	31st December 2020	31st March 2020	31st March 2021	31st March 2020
	Audited	Unaudited	Audited	Audited	Audited
	Rs.	Rs.	Rs.	Rs.	Rs.
I. Revenue From Operations	9,596.11	8,193.54	11,732.24	31,488.81-	39,957.23-
II. Other Income	23.24	0.41	0.66	25.11	4.32
III. Total Revenue (I +II)	9,619.34	8,193.95	11,732.90	31,513.93	39,961.55
IV. Expensesa. Employee Benefit Expensesb. Finance Costc. Depreciation and Amortisation Expensesd. Other Expenses	584.6660.0322.738,732.15	623.6053.6725.747,439.60	592.3566.4229.5511,170.88	2,066.16230.4392.2629,123.21	2,215.98213.68121.4437,025.01
V. Total Expenses	9,399.57	8,142.60	11,859.21	31,512.06	39,576.11
VI. Profit Before Exceptional & ExtraordinaryItems & Tax (III-V)	219.78	51.35	-126.31	1.86	385.45
VII. Share of (profit)/loss from investment in associate	-3.97	-1.69	-7.61	-6.78	-7.86
VIII. Profit Before ExtraordinaryItems & Tax (VI-VII)	215.81	49.66	-133.92	-4.91	377.59
IX. Extraordinary Items		--	-	-	-
X. Profit Before Tax (VIII-IX)	215.81	49.66	-133.92	-4.91	377.59
XI. Tax Expensea. Current Taxb. Deferred Taxc. MAT Credit Entitlement	91.99-20.33-	--	47.24-44.55	91.99-12.80	175.03-8.89
XII. Profit for the Year fromContinuing Operations (X-XI)	144.15	49.66	-136.61	-84.11	211.45
XIII. Minority Interest	0.61	1.20	0.69	2.20	2.09
	143.53	48.46	-137.30	-86.31	209.36
XIV) Other Comprehensive IncomeA. Items that will not be reclassified to Profit or lossRe-measurement gains/(losses) on defined benefit plansIncome Tax Effect	-36.117.59	----	--46.061.09	--36.117.59	--46.061.09
Net other comprehensive income to not be reclassified to profitor loss in subsequent periods	-28.53	-	-44.97	-28.53	-44.97
B. Items that will be reclassified to profit or loss in subsequent yearsExchange difference on translation of foreign operationsNet gain/(loss) on FVTOCI debt SecuritiesIncome Tax EffectNet other comprehensive income to be reclassified to profit orloss in subsequent periods	0.690.90-0.201.39	----	-0.201.46-0.131.13	0.820.90-0.201.52	-0.201.46-0.131.13
Other Comprehensive Income for the year, net of tax	-27.14	-	-43.84	-27.01	-43.84
XV) Total Comprehensive Income for the period(XII+XIV) (Comprehensive profit (loss) and Other
Comprehensive Income for the period)	116.39	48.46	-181.14	-113.32	165.52
XVI. Paid-up equity share capital of Rs. 10 EachXVII. Reserve excluding Revaluation Reserves as per balance sheetof previous accounting year	1,430.60	1,430.60--	1,430.60	1,430.603,170.13	1,430.603,279.53
XVIII. Earnings Per Share ( not annualised )a. Basic	1.01	0.35	-0.95	-0.59	1.48
b. Diluted	1.01	0.35	-0.95	-0.59	1.48

1. The above results,which have been subjected to an audit by the statutory Auditors of the Company are published in accordance with regulation 33 of the SEBI (LODR) Regulations, have been reviewed by the audit committee and approved and taken on record by the Board of Directors at its meeting held through Video Conferencing on 28th June 2021. The financials results are prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, Companies (Indian Accounting Standards) (Amendment) Rules and other accounting standards generally accepted in India.

2. The format for the audited/unaudited financial results are as prescribed by SEBI circular CIR/CFD/CMD/15/2015 have been modified to comply with the requirements of SEBI circular dated 5th July 2016, Ind AS and Schedule III (Division II) to the Companies Act, 2013, which are applicable to the Companies that are required to comply with Ind AS

3. The statement of Consolidated financial results have been prepared in accordance with Indian Accounting Standards (Ind AS), the provisions of the Companies Act, 2013, as applicable and guidelines issued by the SEBI.

4. Figures have been regrouped /re-classified where ever necessary

5. Figures of the last Quarter ended 31st March, 2021 are the balancing figures between audited figures in respect of the full finacial year and publised year-to-date figure upto the third quarter of the current financial year

6. During the quarter and year ended 31st March 2021 the Company has not received any complaint from the investor.

7. The above financial results are available on the website of the Company i.e. www.ttspl.in under investor tab and on the website of national stock exchange i.e. www.nseindia.com

Date : 28TH June, 2021 For Total Transport Systems Limited

Makarand Pradhan Place : Mumbai Managing Director

TOTAL TRANSPORT SYSTEMS LIMITED CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH, 2021

		( Rs. In Lakhs )
	AS AT	AS AT
PARTICULARS	31st March 2021	31st March 2020
I. ASSETS
1) Non-Current Assets
(a) Property, Plant and Equipment	805.03	824.85
(b) Capital work-in-progress
(c) Investment Property
(d) Goodwill
(e) Other Intangible Assets	2.00
(f) Intangible Assets under development	13.15	13.15
(g) Investments in Subsidiaries and Associates	4.64	11.39
(h) Financial Assets
(i) Investments	6.80	5.89
(ii) Trade Receivables		-
(iii) Loans	387.77	182.96
(iv) Others (to be specified)		-
(i) Deferred Tax Asset (Net)	107.88	87.69
(j) Other Non-Current Assets	40.65	77.11
	1,367.91	1,203.04
2) Current Assets
(a) Inventories
(b) Financial Assets
(i) Investments		-
(ii) Trade Receivables	7,817.91	11,294.98
(iii) Cash and Cash Equivalents	350.67	38.10
(iv) Bank balance other than (iii) above	43.30	26.58
(v) Loans	135.19	50.27
(vi) Others (to be specified)		-
(c) Current Tax Assets (Net)	666.06	700.81
(d) Other Current Assets	-	-
	9,013.13	12,110.73
Total Assets	10,381.04	13,313.77
II. EQUITY AND LIABILITIES
EQUITY
(a) Equity Share Capital	1,430.60	1,430.60
(b) Other Equity	3,170.13	3,279.53
Equity attributable to equity holders of the parent	4,600.73	4,710.13
(c) Non- controlling interests	13.19	10.99
Total Equity	4,613.92	4,721.12

LIABILITIES
1) Non-Current Liabilities
(a) Financial Liabilities
(i) Borrowings	430.99	33.59
(ii) Trade Payables	-	-
a. Micro and Small Enterprises
b. Other than Micro and small Enterprises
(iii) Other Financial Liabilities (Other than	-	-
those specified in item (b), to be specified)
(b) Provisions	406.17	337.17
(c) Deferred Tax Liabilities (Net)	-	-
(d) Other Non-Current Liabilities	-	-
	837.17	370.76
2) Current Liabilities
(a) Financial Liabilities
(i) Borrowings	1,898.00	2,153.27
(ii) Trade Payables
a. Micro and Small Enterprises	5.52	7.22
b. Other than Micro and small Enterprises	2,127.93	4,981.71
(iii) Other Financial Liabilities (Other than		-
those specified in item (c)
(b) Provisions	609.23	618.75
(c) Current Tax Liabilities (Net)	-	-
(d) Other Current Liabilities	289.26	460.94
	4,929.95	8,221.89
Total Equity and Liabilities	10,381.04	13,313.77

Place: Mumbai

Date: 28TH JUNE, 2021 For Total Transport Systems Limited

Makarand Pradhan Managing Director

TOTAL TRANSPORT SYSTEMS LIMITED CONSOLIDATED STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31st MARCH, 2021

		( Rs. In Lakhs )
		FOR THE YEAR
PARTICULARS	FOR THE YEAR ENDED	ENDED
	31st MARCH, 2021	31st MARCH, 2020
A. Cash flow from operating activities:
Profit before tax	1.86	385.45
Adjustments:
Depreciation & amortization	92.26	121.44
Elimination of Profits with Associates	(0.02)	-
Interest Expense	230.43	213.68
Interest Income	24.38	2.18
Loss on Sale of Assets	18.92	-
FCTR Movement	0.82	-
Profit on Sale of Assets	-	(2.15)
Provision for ESOP's	3.91	-
Provision for Gratuity	32.89	25.13
Working capital changes :
Trade Receivables	3,477.06	(4,996.71)
Bank balance other than cash and cash equivalents	(16.72)	(17.23)
Short Term Loans and Advances	(84.93)	34.83
Trade Payable	(2,855.47)	3,558.82
Other Current Liabilities	(171.68)	318.04
Short-Term Provisions	(9.52)	606.48
Net cash generated from operations	744.20	249.95
Direct taxes Paid	(224.84)	(506.32)
Net cash generated by operating activities	519.35	(256.36)
B. Cash flow from investing activities:
Purchase of fixed assets	(90.86)	(15.01)
Purchase of Software	(2.50)	-
Sale of Asset	-	2.97
Loan repaid by Related Parties	18.02	-
Loan given to Related Parties	-	(28.39)
Balances Given to Government	(4.72)	-
Security Deposits	(14.05)	(80.59)
Interest Income	(24.38)	(2.18)
Investment in Seedeer (India) E-Commerce Private Limited	-	(15.00)
Net cash used in investing activities	(118.49)	(138.19)
C. Cash flow from financing activities:
Interest Expense	(230.43)	(213.68)
Loans taken during the year	427.98	-
Repayment of Loans	(34.79)	(139.89)
Net cash (used in) / generated from financing activities	162.75	(353.57)
Net increase in cash and cash equivalents during the year	563.62	(748.12)
Cash and cash equivalents at the beginning of the year	(2,097.92)	(1,349.79)
Cash and cash equivalents at the end of the year	(1,534.30)	(2,097.92)
Cash and cash equivalents at the beginning of the year Comprise of
the following
Cash and Cash Equivalents	38.10	284.49
Bank Overdraft	(2,136.02)	(1,634.28)
Total	(2,097.92)	(1,349.79)
Cash and cash equivalents at the end of the year Comprise of the
following
Cash and Cash Equivalents	350.67	38.10
Bank Overdraft	(1,884.97)	(2,136.02)
Total	(1,534.30)	(2,097.92)

Date: 28TH JUNE, 2021 For Total Transport Systems Limited

Makarand Pradhan

Managing Director

TOTAL TRANSPORT SYSTEMS LIMITED

Segment Reporting

For management purpose, the group is organised into business units based on the nature of services rendered, the different risks and returns and the internal business reporting system. The following are the two reportable segments: a) Multimodal transport operations b) Last mile delivery operations

The Board of Directors of the Group monitors the operating results of its business units seperately for the purpose of making decisions about resource allocation and performance is evaluted based on profit and loss and is measured consistently with profit and loss in CFS. However, the Group's financeing (including finance costs and finance income) and income taxes are managed on a Group basis and are not allocated to operating segments.

Segment revenue is measured in the same way as in the statement of profit or loss. Revenue and expenses which relate to the enterprise as a whole and are not allocable to a segment on reasonable basis have been disclosed as Unallocable.Transactions between segments are eliminated on consolidation.

	Quarter ended on			Year Ended
Particulars	31st March 2021	31st December 2020	31st March 2020	31st March 2021	31st March 2020
	Audited	Unaudited	Audited	Audited	Audited
1. Segment Revenue
Multimodal Transport Operations	8,611.67	6,730.88	11,067.60	27,774.16	38,725.04
Last Mile Delivery Operations	982.56	1,463.07	693.20	3,714.65	1,264.41
Less: Inter segment	-	-	-32.22	-	-32.22
	9,594.23	8,193.95	11,728.58	31,488.81	39,957.23
2. Segment Results
Multimodal Transport Operations	336.51	66.10	-139.61	236.26	576.95
Last Mile Delivery Operations	-140.83	-14.99	9.43	-259.51	-195.82
	195.68	51.11	-130.18	-23.25	381.13
Add: Interest Income	24.09	0.23	3.87	25.11	4.32
Profit Before Tax	219.77	51.34	-126.31	1.86	385.45
3. Segment Assets
Multimodal Transport Operations	786.62	8,966.05	191.11	9,752.67	13,126.02
Last Mile Delivery Operations	-95.27	723.64	167.14	628.37	187.75
	691.35	9,689.69	358.25	10,381.04	13,313.77
4. Segment Liabilities
Multimodal Transport Operations	530.06	4,055.56	540.80	4,585.62	8,106.09
Last Mile Delivery Operations	40.36	1,141.14	157.51	1,181.50	486.56
	570.42	5,196.70	698.31	5,767.12	8,592.65

Date : 28TH June, 2021 For Total Transport Systems Limited

Place : Mumbai Makarand Pradhan Managing Director

Total Transport Systems Limited Member of the C.P. World Group

7 th floor,T Square, Opp. Chandivali Petrol Pump, Saki-Vihar Road, Saki Naka, Andheri (E), Mumbai 400 072. Maharashtra, INDIA. Tel:-+91-22-66441500 Fax : +91-22-66441585 Email : info@ttspl.in www.ttspl.in CIN : L63090MH1995PLC091063

28th June, 2021

To,

The Manager, Listing Compliance Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051

SYMBOL: TOTAL

Sub: Declaration for Audit Report with unmodified Opinion(s)

Respected Sir/Madam,

Pursuant to Regulation 33(3)(d) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby declare that, the Statutory Auditors of the Company have issued Auditors Report with unmodified opinion on Standalone & Consolidated Audited Financial Results for the quarter and year and year ended 31st March, 2021 and the same was approved at the said Board Meeting held today i.e. on 28th June, 2021.

This is for your information and record.

Thanking you,

Yours faithfully,

For Total Transport Systems Limited

Makarand Pradhan Managing Director

V. R. SABNIS & ASSOCIATES

Chartered Accountants, Mumbai

INTRODUCTION

• We are accomplished advisory service providers offering a bouquet
• of services to assist organizations to meet their challenges. ■ We are a firm of 5 Chartered Accountant Professionals and 30+ team members, providing services to clients across industries ■ Headed by C. A. Vikram Sabnis

CORE TEAM ■ C.A. Vikram Sabnis (Managing Partner) ■ C.A. Richa Sabnis ■ C.A. Onkar Korde ■ C.A. Jyoti Sonawane

• C.A. Ashish Vanwari

SERVICE OFFERINGS ■ VIRTUAL CFO MODEL ■ ACCOUNTING, TAX COMPLIANCE & STRUCTURING ■ BUSINESS ADVISORY & STRUCTURING ■ AUDIT & ASSURANCE ■ MANAGEMENT REPORTING

• DUE DILIGENCE & VALUATION ■ WEALTH ADVISORY ■ START-UP SERVICES

• DEBT SYNDICATION & EQUITY INFUSION

VIRTUAL CFO MODEL

• Under Virtual CFO services, we provide financial advisory & aid decision making for the management providing access to an experienced Chartered Accountant, who shall visit as per requirement ■ We provide three types of services – Project based CFO (engagement – Interim CFO (engagement for – Virtual CFO (engagement for
• under this model:
  • for a particular assignment)
  • filling in vacancy)
  • providing real-time advisory)

■ EXPERIENCE:

■ Listed public limited companies, private companies & proprietorships from shipping & logistics, pharmaceutical, FMCG, consumer durables, digital wallet, financial technology sector since the past three years

ACCOUNTING, TAX COMPLIANCE & STRUCTURING ■ We provide fully outsourced accounting services for organizations, across industries by in-house accounting or by appointing resources at desired locations ■ We specialize in tax compliance & tax advisory under the following statutory – GST Act ■ Listed public companies, private companies, LLPs, proprietorships & trusts across multiple sectors since more than a decade

• Income Tax Act – FEMA Act – RBI Act
• Acts:

■ EXPERIENCE:

BUSINESS ADVISORY & STRUCTURING ■ We provide business advisory services in financial domains which have a significant impact on the direction of the business strategy ■ With structuring in place, we help organizations maintain a balanced capital structure for upcoming goals and objectives and secure funding

• business objectives

■ EXPERIENCE:

wherever necessary, to achieve their ■ Listed public limited companies, private companies & proprietorships from shipping & logistics, pharmaceutical, FMCG, consumer durables, HVAC, construction, infrastructure, digital wallet, financial technology sector since the past decade

AUDIT & ASSURANCE ■ We provide the following services – Statutory & Tax Audit – Internal Audit – Operational Audit – Inventory & Asset Verification &

• under this banner:
• Reconciliation Audit – Forensic Audit – Transfer Pricing Audit

■ EXPERIENCE:

• Listed public companies, private companies, LLPs, proprietorships & trusts across multiple sectors since more than a decade ■ Inventory & Asset Verification undertaken for multiple MNCs & listed entities across locations

MANAGEMENT REPORTING

• We provide detailed management reporting tools in the form of MIS templates & compliance charts to enable overview of business activities on a daily, weekly, monthly & yearly basis ■ This, combined with the Virtual CFO
• services have added substantial value to our client's businesses

■ EXPERIENCE:

■ Listed public limited companies, private companies & proprietorships from shipping & logistics, pharmaceutical, FMCG, consumer durables, digital wallet, financial technology sector since the past three years

DUE DILIGENCE & VALUATION

■ We provide financial due diligence services in cases of mergers & acquisitions (M&As), capital infusion & external investments.

■ EXPERIENCE:

■ Listed public limited companies, private companies & proprietorships from shipping & logistics, pharmaceutical, digital wallet, financial technology sector since the past three years

WEALTH ADVISORY

■ We provide services to effectively make use of funds lying in your operating accounts by effectively managing the fund flow and parking surplus funds with suitable

■ EXPERIENCE:

instruments, to earn passive income ■ Listed public limited companies, private companies & proprietorships from shipping & logistics, pharmaceutical, FMCG, consumer durables, HVAC, construction, infrastructure, digital wallet, financial technology sector since the past three years

START-UP SERVICES ■ We have a start-up model which – Critical analysis of business – Preparation of projections & – Valuation services

• focusses on the following key attributes for growth of a start-up: – Investment services by way of

  • plan

  • feasibility report

  • debt or equity infusion

■ EXPERIENCE:

■ Listed public limited companies, private companies & proprietorships from shipping & logistics, pharmaceutical, digital wallet, financial technology sector since the past three years

DEBT SYNDICATION & EQUITY INFUSION ■ We provide investment services to organizations which require infusion in the form of either debt or complex equity, such as CCPS, or CCDs ■ Listed public limited companies,

■ EXPERIENCE:

private companies & proprietorships from shipping & logistics, pharmaceutical, FMCG, consumer durables, HVAC, construction, infrastructure, digital wallet, financial technology sector since the past three years

EXPERIENCE & KEY CLIENTS ■ Future Group ■ Pratibha Industries Limited ■ Transerv Limited (Subsidiary of Dhani ■ Mvalu Technology Services ■ Aceto Pharma ■ Ranbaxy Laboratories Limited ■ Albright & Wilson Limited ■ Business India Group ■ S2 Infotech (Subsidiary of Siemens Limited) ■ Akberallys Department Stores ■ Snowcem Paints ■ Monsanto India Limited

• Loans And Services Limited)

• Kingfisher Airlines ■ CargoPlan India (Subsidiary of Freight Links International) ■ Garware Wallropes Limited ■ Flyjac Logistics (Subsidiary of Hitachi

• Transport)

• Mid-Day Multimedia Ltd ■ Dillinger India ■ Indian Pneumatic & Hydraulic Group ■ Mega Lifesciences

FIRM PROFILE:

1	NameoftheFirm	Mishra&Associates
2	AddressoftheFirm	G/17,WashingtonPlaza,TopiwalaLane,
		Goregaon(W),Mumbai–400062.
3	NameoftheProprietor	CSManishMishra
4	CertificateofPractice	18303
5	MembershipNo.	41066
6	MailId	office@mishraandassociates.in
7	Experience	Mishra&Associateshas experienceindealingwithmattersrelatingtoCompanyLaw,FEMA,SecuritiesLaws,IntellectualPropertyRights(IPR),LegalDueDiligence,JointVentures,MergersandAcquisitions,ListingsofSecuritiesetc.
8	TermsofAppointment	2021-22

Manishkumar Premnath Mishra

Digitally signed by Manishkumar Premnath Mishra Date: 2021.06.28 10:46:05 +05'30'