AI assistant
Uravi Defence and Technology Limited Interim / Quarterly Report 2018
61694_rns_2018-11-22_a22ddc84-cfb2-4dd0-a00e-15dc5d722bf7.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
To November 22, 2018 Divya Poojari Senior Manager National Stock Exchange of India Limited
Ref: NSE/LIST/FR/10370
Sub: Non-compliance as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir,
This is in reference to the letter received by the Company from National Stock Exchange of India Limited seeking clarification on the following:
- Segment details not submitted
Our Response: - The Company has only one reportable segment i.e Manufacturing of Lamps and Lamp components.
- Financial results submitted is not as per format prescribed under Schedule III of the Companies Act, 2013. - Kindly submit the Schedule III format applicable to Companies who have not adopted IND AS.
Our Response: - The revised Financial Results are attached herewith.
Request you to consider the letter and accept our submission.
For URAVI T AND WEDGE LAMPS LIMITED KAUSHIK DAMJI GADA DIN: 00515876 KAUSHIK DAMJI GADA Digitally signed by KAUSHIK DAMJI GADA DN: cn=KAUSHIK DAMJI GADA, c=IN, st=Maharashtra, o=Personal, serialNumber=513e2945b266113eb d0a054bd261f4579556cd0ed95048 27bed207621ad67a84 Date: 2018.11.22 14:52:10 +05'30'
Address: B-705, KALINGA, NIRMAL NAGAR, M.G.LINK ROAD MULUND (WEST), MUMBAI 400080 MH IN
URAVI T AND WEDGE LAMPS LIMITED
329, 3RD FLOOR, AVIOR NIRMAL GALAXY L.B.S. MARG, MULUND WEST MUMBAI 400080
Annexure 1 Submission of Unaudited financial results by companies other than banks. Statement of Unaudited Financial Results for Half Year Ended September 30, 2018
| Sr.No. | Particulars | (in lakhs except EPS) | |||||
|---|---|---|---|---|---|---|---|
| 6 months ended | Year Ended | 6 months ended | Year Ended | ||||
| 30/09/2018 | 31/03/2018 | 30/09/2017 | 31/03/2017 | ||||
| (Unaudited) | (Audited) | (Unaudited) | (Audited) | ||||
| Income from operations | |||||||
| a Revenue from Operations (Refer Note 5) | 1,789.31 | 3.397.91 | 1.641.47 | 2,901.78 | |||
| b Other Income | 8.62 | 12.67 | 2.75 | 14.54 | |||
| Total Income | 1,797.93 | 3,410.58 | 1,644.22 | 2,916.32 | |||
| $\overline{c}$ | Expenses | ||||||
| a Cost of material consumed | 881.96 | 1,524.89 | 664.50 | 1.240.44 | |||
| b Purchases of stock-in-trade | |||||||
| c Excise Duty | |||||||
| d Changes in inventories of stock-in-trade | (90.40) | (27.13) | 54.82 | 99.84 | |||
| e Employee benefit expense | 393.14 | 759.56 | 362.02 | 688.33 | |||
| f Finance costs | 73.20 | 165.63 | 80.20 | 174.87 | |||
| g Depreciation and amortization expense | 76.96 | 146.45 | 72.47 | 143.45 | |||
| h Other expenses | 247.18 | 487.50 | 229.16 | 410.92 | |||
| Total Expenses | 1,582.04 | 3,056.90 | 1,463.17 | 2,757.85 | |||
| $\overline{3}$ | Profit/(loss) before exceptional items and tax $(1 - 2)$ | 215.89 | 353.68 | 181.05 | 158.47 | ||
| $\frac{1}{2}$ | Exceptional items | ||||||
| 5 | Profit/(loss) before tax | 215.89 | 353.68 | 181.05 | 158.47 | ||
| 6 | Tax Expense | ||||||
| a Current tax | 72.21 | 78.19 | 24.67 | 53.53 | |||
| b Deferred tax | |||||||
| Total Tax Expense | 72.21 | 78.19 | 24.67 | 53.53 | |||
| $\overline{7}$ | Profit/(loss) for the period from continuing operations (5 - | 143.68 | 275.49 | 156.38 | 104.94 | ||
| $\overline{\bf 8}$ | Profit/(loss) from discontinued operations | ||||||
| $\overline{9}$ | Tax expense of discontinued operations | ||||||
| 10 | Profit/(loss) after tax from discontinued operations $(8-9)$ | ||||||
| 11 | Profit/(loss) for the period $(7 + 10)$ | 143.68 | 275.49 | 156.38 | 104.94 | ||
| 12 | Details of Equity Share Capital | ||||||
| Paid up equity share capital (Face Value of Rs.10/- each) | 550.00 | 550.00 | 500.00 | 500.00 | |||
| Reserve excluding Revaluation Reserve as per balance | 1,284.02 | 577.67 | |||||
| sheet of previous accounting year | |||||||
| 13 | Earnings per equity share (for continuing operation) | ||||||
| a Basic | 2.61 | 5.01 | 3.13 | 2.10 | |||
| b Diluted | 2.61 | 5.01 | 3.13 | 2.10 | |||
| 14 | Earnings per equity share (for discontinued operation) | ||||||
| a Basic | |||||||
| b Diluted |
For P.V.Dalal & Co. Chartered Accountants FRN: 02049XV
of Paresh Dalal Proprietor M. No.033355
Date: 12.11.2018 Place: Mumbai
For and Behalf of the Board of Directors
Mr. Nifaj Damji Gada Whole Time Director DIN: 00515932
URAVI T AND WEDGE LAMPS LTD.
Balance Sheet as at 30th September 2018
| (Rs. in Lacs) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Particulars | Half Year ended(30/09/2018)(Unaudited) | Previous YearEnded(31/03/2018)(Audited) | Half Year ended(30/09/2017)(Unaudited) | Previous yearended(31/03/2017)(Audited) | |||||
| I. | Equity and Liabilities | ||||||||
| $\mathbf{I}$ | Shareholders' Fund | ||||||||
| (a) | Share Capital | 550.00 | 550.00 | 500.00 | 500.00 | ||||
| (b) | Reserves and Surplus | 1,427.69 | 1.284.02 | 734.06 | 577.67 | ||||
| (c) | Money Received against Share Warrants | $\overline{a}$ | |||||||
| $\overline{2}$ | Share Application money pending allotment | $\cdot$ | |||||||
| $\overline{\mathbf{3}}$ | Non-current Liabilities | ||||||||
| (a) | Long - term borrowings | 165.16 | $\overline{\phantom{a}}$ | $\overline{\phantom{a}}$ | 10.41 | ||||
| (b) | Deferred Tax Liabilities (Net) | 125.65 | 125.51 | 126.33 | 153.94 | ||||
| (c) | Other Long Term Liabilities | $\overline{\phantom{a}}$ | |||||||
| (d) | Long-term provisions | $\overline{\phantom{a}}$ | |||||||
| $\overline{\mathbf{4}}$ | Current Liabilities | ||||||||
| (a) | Short-term borrowings | 1,276.23 | 1,357.26 | 1,422.15 | 1,379.52 | ||||
| (b) | Trade Payables(A) total outstanding dues of micro enterprisesand small enterprises; and(B) total outstanding dues of creditors other thanmicro enterprises and small enterprises | 227.98 | 249.88 | 271.81 | 217.85 | ||||
| (c) | Other Current Liabilities | 70.49 | 56.93 | 57.74 | 96.43 | ||||
| (d) | Short-term provisions | 3.58 | 21.06 | 11.52 | 2.53 | ||||
| Total | 3,846.77 | 3,644.67 | 3,123.60 | 2,938.35 | |||||
| $\overline{11}$ | Assets | ||||||||
| Non-current Assets | |||||||||
| 1(a) | Fixed Assets | ||||||||
| (i) | Tangible Assets | 1.459.63 | 1.347.34 | 1.367.48 | 1.426.56 | ||||
| (ii) | Intangible Assets | $\tilde{\phantom{a}}$ | |||||||
| (iii) | Capital Work-in-progress | $\ddot{\phantom{0}}$ | |||||||
| (iv) | Intangible Assets under development | $\overline{\phantom{a}}$ | |||||||
| (b) | Non-current Investments | 6.33 | 6.33 | 6.33 | 6.33 | ||||
| (c) | Deferred Tax Assets (Net) | w. | |||||||
| (d) | Long - term Loans and Advances | 25.70 | 28.61 | 12.81 | 21.06 | ||||
| (e) | Other Non-current Assets | $\frac{1}{2}$ | |||||||
| 2 | Current Assets | ||||||||
| (a) | Current Investments | $\overline{\phantom{a}}$ | |||||||
| (b) | Inventories | 701.53 | 653.55 | 560.84 | 559.13 | ||||
| (c) | Trade Recievables | 1,060.86 | 937.31 | 1,053,44 | 814.65 | ||||
| (d) | Cash and Cash Equivalent | 230.49 | 582.10 | 35.93 | 34.74 | ||||
| (e) | Short-term Loans and Advances | 335.66 | 65.22 | 72.53 | 43.91 | ||||
| (1) | Other Current Assets | 26.57 | 24.21 | 14.24 | 31.97 | ||||
| Total | 3,846.77 | 3,644.67 | 3,123.60 | 2,938.35 |
For P.V.Dalal & Co. Chartered Accountants FRN: 02049W
Paresh Dalal
Proprietor M. No.033355
Date: Place: 12.11.2018 Mumbai
Mr. Niraj Damji Gada Whole Time Director DIN: 00515932
For and Behalf of the Board of Directors
Notes
- The above audited standalone financial results of the company were reviewed and recommended by the audit committee on 12th November" 20l8 and subsequently approved by the Board of Directors at its meeting held on the 12th November 2018. The review report has been filed with stock exchange and is available on the Company's website.
- to The standalone financial results for the 6 months ended 30th SeptemberZOlS have been subjected to Limited Review by statutory auditors of the company.
- '49 Previous periods' figures have been regrouped / reclassified'where required to make them compatible with the figures of'current periods.
1504/05. YOGI PARADISE-A, voet NAGAR N'W I CHARTERED ACCOUNTANTS BORNALI (WEST), MUMBAI-400 091 Tet: 28997290,'M:b.; sagihriicdégé Email: pvd_ca@yahoo co in
LIMITED REVIEW REPORT
To. l'he Board of Directors Uravi 'll & Wedge Lamps Ltd. 3291'l'hird Floor. Avior Nirmal Galaxy LBS. Marg. Mulund(W) Mumbai a 400080
Subject: Limited Review Report of Unaudited Financial Results for the Half Year Ended 30m September 2018
We have reviewed the accompanying statement of unaudited financial results of M/s. Uravi T & Wedge Lamps Ltd. for the period ended 30''1 September 2018 This statement is the responsibility of the Company 's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review.
We conducted our review in accordance \ ith the Standard on Review Engagement (SRE) 2400. Engugenu'nls It) Review Financial flatworm/i issued b} the Institute ot'('hartered Accountants of India This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are li'ee oi material misstatement.
A review is limited primarily to inquiries ol'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 ot'unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015 including the manner in which it is to be disclosed. or that it contains any material misstatement,
For P.V. Dalal & Co. Chartered Accountants rRN ' , 1020' W H , '//
Paresh V Dalal Proprietor M No. 033355
Place : Mumbai
Date: 12/11/2018
