VAPI ENTERPRISE LIMITED — Interim / Quarterly Report 2021

Nov 13, 2021

VPM

VAPI ENTERPRISE LTD. (Formerly VAPI PAPER MILLS LTD.)

___________________ Regd. Off.213 UDYOG MANDIR, PITAMBER LANE, MAHIM (WEST), MUMBAI 400016 Works : Plot No. 298/299, GIDC 2[nd] Phase, Industrial Area, VAPI, GUJARAT 396 195 TEL: 98200 68363 / 022-24449753/ 093768 15945 (Works) E-MAIL : vapipaper@gmail.com Website : www. vapienterprise.com CIN No. L21010MH1974PLC032457

The Listing Department Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai- 400 001

Date : November 13th, 2021

Sub.: Outcome of Board Meeting for submission of Unaudited Financial Results for the Quarter ended September 30th, 2021 , Company Code.: 502589

Dear Sir,

In accordance with provisions of for Financial Results (Reg. 33 (3) SEBI (LODR)Regulations, 2015) of the Listing Agreement with your Stock Exchange, we are enclosing herewith Financial Highlights in prescribed format :

Unaudited Financial Results (Consolidated as well as Standalone) of the Company for the Quarter ended September 30th, 2021

The Limited Review Report from the Auditors of the company has also been appended.

These were approved by the Board of Directors in their meeting held on today i.e. 13th November 2021 at 3pm at the Registered Office of the Company which ended at 3.30 pm.

Kindly bring the above to the Notice of all members of your Stock Exchange.

Thanking You, Yours' Faithfully, For Vapi Enterprise Limited (formerly Vapi Paper Mills Ltd.)

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Manoj R. Patel Managing Director

VAPI ENTERPRISE LIMITED

( Formerly Known as Vapi Paper Mills Limited )

Regd. Office : 213, Udyog Mandir, 7/C Pitamber Lane, Mahim, Mumbai-400 016. E-Mail : vapipaper@gmail.com Tel : 91-22-24449753 Website : www. vapienterprise.com CIN No. L21010MH1974PLC032457 Factory : Plot No. 298/299, GIDC, Vapi, Gujarat. Tel : 098200 68363

Part I

STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 30TH SEPTEMBER , 2021

(Rs. In Lacs)

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Particulars Quarter Ended Half year ended Year ended
30.09.2021 30.09.2020 30.06.2021 30.09.2021 30.09.2020 31.03.2021
(Unaudited ) (Unaudited) (Unaudited ) (Unaudited ) (Unaudited ) (Audited )
1 Income from Operations
(a) Income from Operations 53.84 87.11 70.24 124.08 136.75 284.08
(b) Other Operating Income 0.27 0.36 0.48 0.75 0.91 1.78
Total Income 54.11 87.47 70.72 124.83 137.66 285.86
2 Expenses
- - - - - -
a) Cost of Material consumed
b) Change in Inventories of finished goods, work
in progress and stock in trade - - - - - -
- - - - - -
c) Excise Duty
d) Employees Benefit Expenses 16.14 26.04 15.36 31.50 42.18 85.34
e) Finance Cost 0.00 0.00 0.00 0.00 0.01 0.00
f) Depreciation and amortisation expenses 4.49 4.71 4.17 8.66 9.30 18.60
g) Other Expenses 32.44 40.07 38.51 70.95 63.78 145.00
Total Expenses 53.07 70.82 58.04 111.11 115.27 248.94
Profit / (Loss) before tax and exceptional items
3
(1-2) 1.04 16.65 12.68 13.72 22.39 36.92
4 Exceptional Items ( Net ) 0.68 0.02 0.01 0.69 0.03 0.79
5 Profit / (Loss) before tax 0.36 16.63 12.67 13.03 22.36 36.13
6 Tax Expenses
(a) Tax 0.10 2.12 3.50 3.60 3.12 5.15
Mat Credit - - - - - -
- - - - - -
Tax related to ealier years
- - - - - -
(b) Defferred Tax
Total Tax Expenses 0.10 2.12 3.50 3.60 3.12 5.15
7 Net Profit / (Loss) after tax 0.26 14.51 9.17 9.43 19.24 30.98
8 Other Comprehensive Income
Item that will not be reclassified to profit or loss
a) Remeasurements of difined benefit plans - - - -
b) Equity Instruments to other Comprehensive
Income - - - -
- - - -
c) Defferred tax relating to above items
Total Comprehensive Income /(loss) - - - -
9 Total Comprehensive Income (7+8) 0.26 14.51 9.17 9.43 19.24 30.98
Paid - up Equity Share Capital ( Face Value
10 Rs.10/- each ) 228.15 228.15 228.15 228.15 228.15 228.15
11 Other Equity - - - - - -
( i ) Earning per Share of Rs.10/- each ( for the
12 period not annualised )
a. Basic 0.01 0.64 0.40 0.41 0.84 1.36
b. Diluted 0.01 0.64 0.40 0.41 0.84 1.36
See accompanying notes to the financial results
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VAPI ENTERPRISE LIMITED

( Formerly Known as Vapi Paper Mills Limited )

Regd. Office : 213, Udyog Mandir, 7/C Pitamber Lane, Mahim, Mumbai-400 016. E-Mail : vapipaper@gmail.com Tel : 91-22-24449753 Website : www. vapienterprise.com CIN No. L21010MH1974PLC032457 Factory : Plot No. 298/299, GIDC, Vapi, Gujarat. Tel : 098200 68363

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STATEMENT OF ASSETS AND LIABILITIES ( Rs. In Lacs)
Particulars
As at 30th September, 2021 As at 31st March, 2021
(Unaudited) ( Audited)
A ASSETS
1 Non-current assets
(a) Property, Plant and Equipment 182.31 179.63
(b) Financial Assets
(i) Investments 2.00 2.00
(ii) Trade receivables 6.97 9.70
(iii) Loans 0.48 0.48
(iv) Others 48.06 46.65
Total Non-current assets 239.82 238.46
2 Current assets
(a) Financial Assets
(i) Trade receivables 26.49 31.57
(ii) Cash and cash equivalents 0.05 0.12
(iii) Other bank balances 38.19 62.35
(iv) Loans 2.32 2.29
(b) Other current assets 13.83 7.55
Total Current assets 80.88 103.88
Total Assets 320.70 342.34
B EQUITY AND LIABILITIES
1 Equity
(a) Equity Share capital 228.15 228.15
(b) Other Equity (747.39) (756.81)
Total Equity (519.25) (528.67)
2 LIABILITIES
Non-current liabilities
Financial Liabilities
(i) Borrowings 729.29 751.29
(ii) Trade payables 10.59 10.60
(iii) Other financial liabilities (other than
those specified in item (b), to be specified) 61.65 84.70
Total Non-current liabilities 801.53 846.59
3 Current liabilities
(a) Financial Liabilities
(i) Trade payables 0.25 3.86
(b) Other current liabilities 38.16 20.55
Total Current liabilities 38.41 24.41
Total Equity and Liabilities 320.70 342.34
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VAPI ENTERPRISE LIMITED

( Formerly Known as Vapi Paper Mills Limited )

Regd. Office : 213, Udyog Mandir, 7/C Pitamber Lane, Mahim, Mumbai-400 016. E-Mail : vapipaper@gmail.com Tel : 91-22-24449753 Website : www. vapienterprise.com CIN No. L21010MH1974PLC032457 Factory : Plot No. 298/299, GIDC, Vapi, Gujarat. Tel : 098200 68363

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STATEMENT OF CASH FLOW ( Rs. In Lacs)
Particulars As at
Audited 30-09-2021 Audited 31-03-2021
A CASH FLOW FROM OPERATING ACTIVTIES
Net Profit before tax as per Profit and Loss
Account 13.02 36.13
Adjusted for:
Depreciation and Amortisation Expenses 8.66 18.60
Provision for Tax (3.60) (5.15)
Amounts Written off/(Back) (0.52) (0.14)
Finance Costs 0.00 0.00
Dividend Income (0.11) (0.15)
Interest Income (0.63) (1.62)
3.80 11.54
0.00 0.00
Operating Profit before Working Capital
Changes 16.82 47.67
Adjusted for:
Trade and Other Receivables 0.12 12.97
Amounts Written off/Back 0.51 0.14
Trade and Other Payables (9.06) (16.39)
Long Term Loans and Advances(Receivable) 0.00 (0.25)
Short term loan and advance(Receivable) (0.03) (0.34)
Cash Generated from Operations 8.36 43.80
Taxes Paid 0.00 0.00
Net Cash from Operating Activities 8.36 43.80
B CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets (11.33) (0.41)
Capital WIP 0.00 0.00
Interest Income 0.63 1.62
Dividend Income 0.11 0.15
Net Cash (used in ) Investing Activities (10.59) 1.36
C CASH FLOW FROM FINANCING ACTIVITIES
Other long term liability 0.00 0.00
Repayment from Long-term Borrowings (22.00) (21.64)
Interest Paid 0.00 0.00
Net Cash (used in ) / from Financing Activities (22.00) (21.64)
Net Increase in Cash and cash Equivalents (A + (24.23) 23.52
Opening Balance of Cash and Cash Equivalents 62.47 38.95
Closing Balance of Cash and Cash Eqivalents 38.24 62.47
The above financials result were reviewed by Board of Directors at their meeting held on 13th November,2021 .
The Statutory Auditors have carried out the Audit of these financial results.
For and behalf of Vapi Enterprise Limited (Formerly Vapi Paper Mills Ltd.)
Manoj R. Patel (Managing Director ) Dated : 13th November, 2021
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