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Weizmann Limited. — Interim / Quarterly Report 2020
Nov 14, 2019
62891_rns_2019-11-14_0b4591eb-93d2-447a-99df-4a0c2fad1c15.pdf
Interim / Quarterly Report
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CJN : L65990Ml-11 985PLC038164
Rcgd. Office: 214, Empire House, Dr. D. N. Road, Ent. A. K. Nayak Mnrg, Fort, Mumbai - 400 001. Website: www.weizmann.co.in, Email: [email protected] Tel. Nos: 022-22071501 ( 6 lines) Fax No.: 022-22071514
November 14, 2019
| National Stock Exchange of India Limited | BSE Limited |
|---|---|
| Listing Department. | Corporate Relation Department, |
| Exchange Plaza, C-1, Block- G, | Listing Department, |
| Sandra Kurla Complex, | Phiroze Jeejeebhoy Towers, |
| Bandra (East) Mumbai-400 051. | Dalal Street, Mumbai -400 023. |
| Fax No. 26598235/8237 /8347 | Facsimile No. 22723121/22722037/2041 |
| Symbol: WEIZMANIND | Scrip Code: 523011 |
Sub: Outcome of Board Meeting
Dear Sir/ Madam,
Pursuant to Regulation 30 read with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors at its meeting held today i.e. on 14th November, 2019 have approved and adopted Un-Audited Financial Results (Standalone and Consolidated) for the quarter and half year ended 30th September, 2019.
Copies of Un-Audited Financial Results (Standalone and Consolidated) along with the Limited Review Report of the Statutory Auditors' for the quarter and half year ended 30th September, 2019 are enclosed herewith.
The Board Meeting commenced at 5.30 p.m. and concluded at 6.10 p.m.
You are requested to take the above on record and oblige.
Thanking You.
Yours Sincerely, For Weizmann Limited
Ami Purohit Company Secretary

BATLIBOI & PUROHIT Chartered Accountants
Independent Auditor's Report on the Quarterly and Year to date Unaudited Standalone Financial Results of Weizmann Limited pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Review Report to the Board of Directors of Weizmann Limited
-
- We have reviewed the accompanying statement of unaudited standalone financial results of Weizmann Limited ("the Company") for the quarter and half year ended September 30, 2019 ("the Statement"), attached herewith, being submitted by the company pursuar,t to the requirement of Regulation 33 of Securities and Exchange Board of India (Listing Obl;gations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').
-
- This Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Intt:rim Financial Reporting" ("Ind AS 34"), specified under Section 133 of the Companies Act, 20 I 3, .as amended read with relevant rules issued thereunder 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. This standard requires that we plan and perform the review to obtain moderate assurance as to "- hether the Statements are free of material misstatement. A review is limited primarily to inquiries c.f company personnel and an analytical procedure 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 and procedures perfonned as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Standalone Statement of unaudited financial results has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in tenns of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material mis5tatement.
-
- We draw attention to Note 4 of the Statement which indicat:;s that the Statement of Standalone Cash Flows for the corresponding half year ended September 30, 2018, as reported in the accompanying Statement have been approved by the Company's Board of Directors, but have not been subjected to review.
For Batliboi & Purohit Chartered Accountants
ICAI Firm Reg. No. 101048W "~ -U_u-~_ Kaush~
Partner Membership No. 111749
Place: Mumbai Date: November 14, 2019

ICAI UDIN: .!0 . Ll .f.'.;). .9. - .'1. ~ ( f. 0 .. f::§ .'?

[ CIN NO: L65990MH1985PLC038164]
Regd Office · Empire House 214 . Dr D N Road Ent A K Nayak Marg Fort Mumbai - 400 001
| Website: www.weizmann.co.in E-mail : contact(@.weizmann.co.in Phone : 022-2207 1501 | |||||||
|---|---|---|---|---|---|---|---|
| Rs. in Lacs except per share data I | |||||||
| UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2019 | |||||||
| Quarter Ended (Unaudited) | Half Year Ended | Year ended | |||||
| Particulars | /Unaudited I | /Audited) | |||||
| 30.09.19 | 30.06.19 | 30.09.18 | 30.09.19 | 30.09.18 | 31.03.19 | ||
| 1 | Income | ||||||
| (a) Revenue from Operations | 2,209.26 | 2,456.69 | 2,460.66 | 4,665.95 | 5,671 .09 | 10,472.64 | |
| (b) Other Income | 3.87 | 11.04 | 65.98 | 14.91 | 124.19 | 194.12 | |
| Total Income | 2,213.13 | 2,467.73 | 2,526.64 | 4,680.86 | 5,795.28 | 10,666.76 | |
| 2 | Expenses | ||||||
| (a) Cost of Materials Consumed | 893.39 | 820.75 | 941 .66 | 1,714.1 4 | 2,860.21 | 4,502.31 | |
| (b) Purchases of Stock-in-trade | - | - | 14.52 | 14.52 | - | ||
| (c) Changes in Inventories of Finished Goods, Work-in | |||||||
| Progress and Stock-in-Trade | (38.23) | 71.77 | 48.23 | 33.54 | 6.52 | (18.45) | |
| (d) Employee Benefit Expenses | 140.12 | 177.70 | 171 .89 | 317.82 | 356.59 | 732.33 | |
| (e) Finance costs | 14.68 | 12.69 | 1.31 | 27.37 | 3.02 | 8.70 | |
| (f) Depreciation and Amortisation expenses | 62.26 | 66.75 | 34.70 | 129.01 | 6848 | 171.98 | |
| (g) Advertisement Expenses | - | 400.00 | - | 400.00 | - | 400.00 | |
| (h) Power & Fuel | 332.35 | 353.08 | 339.57 | 685.43 | 648.41 | 1,335.81 | |
| Job Work Charges(i) | 226.14 | 266.13 | 253.87 | 492.27 | 485.69 | 1,055.28 | |
| (j)Other Expenses | 338.77 | 366.33 | 296.45 | 705.10 | 550.33 | 1,361.20 | |
| Total Expenses | 1,969.48 | 2,535.20 | 2,102.20 | 4,504.68 | 4,993.77 | 9,549.16 | |
| 3 | Profit before exceptional items and tax (1-2) | 243.65 | (67.47) | 424.44 | 176.18 | 801 .52 | 1,117.60 |
| 4 | Exceptional Items | - | - | - | - | - | - |
| 5 | Profit before tax (3-4) | 243.65 | (67.47) | 424.44 | 176.18 | 801 .52 | 1,1 17.60 |
| 6 | Tax Expenses | ||||||
| (a) Current Tax | 53.00 | - | 136.24 | 53.00 | 227.76 | 314.45 | |
| (b) Current Tax Expense Relating to Earlier Year's | - | - | - | (7.74) | |||
| (c) Deferred Tax | 18.00 | (15.35) | (1 12.24) | 2.65 | (96.45) | (46.07) | |
| 7 | Profit/{Loss) for the period/year {5-6) | 172.65 | (52.12) | 400.44 | 120.53 | 670.21 | 856.96 |
| 8 | Total Net Profit/(Loss) after Tax | 172.65 | (52.12) | 400.44 | 120.53 | 670.21 | 856.96 |
| 9 | Other Comprehensive Income (OCI) | ||||||
| (A) Items that will not be reclassified to Profit and Loss | - | - | |||||
| (i) Re-measurment gain/(Loss) on Defined benefit plan | - | - | - | - | 1.90 | ||
| (ii) Income tax effect on above | - | - | - | - | (0.55) | ||
| (iii) Net gain/(Loss) on Equity Shares fair value through OCI | 586.03 | (134.87) | (98.23) | 451 .16 | (411.03) | (1,121.27) | |
| (iv) Income tax effect on above | (136.52) | 31.42 | 21 .86 | (105.10) | 91.48 | 261 .21 | |
| (B) Items that will be reclassified to Profit and Loss | - | - | - | - | |||
| Total Other Comprehensive Income | 449.51 | (103.45) | (76.37) | 346.06 | (319.55) | (858.71) | |
| Total Comprehensive Income (after Tax) (7+8) | 622.16 | (155.57) | 324.07 | 466.59 | 350.66 | (1 .75) | |
| 10 | Paid-up Equity Share Capital (Face value of Re. 10/- each) | 1,727.15 | 1,727.15 | 1,727.15 | 1,727.15 | 1,727.15 | 1,727.15 |
| 11 | Earning per Share (Rs.) | ||||||
| Basic | 1.00 | (0.30) | 2.32 | 0.70 | 3.88 | 4.96 | |
| Diluted | 1.00 | (0.30) | 2.32 | 0.70 | 3.88 | 4.96 |
Notes to the financial results:
1 The above results have been prepared in accordance with Indian Accounting Standards ('Ind AS') notified under Section 133 of the Companies Act, 2013, read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended).
2 These results have been reviewed by the Audit Committee and approved by the Board of Directors at the meeting held on November 14, 2019 and have been subjected to a Limited Review by the statutory auditors.
3 The Company is primarily operating in the business of processing and manufacture of textiles. Hence, there is only one business segment as per Ind-AS 108 - Operating Segments.
4 The statement of cash flows for the half year ended September 30, 2018 have not been reviewed by the Statutory Auditors. However, the management has exercised necessary due diligence to ensure that the said statement of cash flows provide a true and fair view of its affairs.
s The Company has adopted simplified approach under Ind AS 116 - Leases, with effect from April 01 , 2019. Accordingly the Company has recognised present value of its future lease liabilities of Rs.59.92 lacs as on April 01, 2019 and an equal amount of 'Right to use' assets as on that date. In the statement of profit and loss for the current period, instead of rent expenses (as accounted under previous periods), amortisation of right of use has been accounted under depreciation and amortisation expenses and unwinding of discount on lease llabillties has been accounted under 'finance cost'. The impact on the profil/(Loss) for the quarter is not material.
6 Previous period's figures have been regrouped/reclassified wherever necessary.
:- November 14, 2019 e:-Mumbai
cu"·~rr-
Neelkamal Vrajlal Siraj Managing Director
Weizmann Limited
Standalone Statement of Assets and Liabilites As At 30th September, 2019
| (Rs in Lacs) | |||||
|---|---|---|---|---|---|
| Particulars | Asat30.09.2019(Unaudited) | Asat31.03.2019(Audited) | |||
| ASSETS | |||||
| Non-Current Assets | |||||
| a Property ,Plant and Equipment | 2,321.44 | 2,354.00 | |||
| b Right of Use Assets | 20.99 | - | |||
| c Capital Work in Progress | 264.43 | 1.12 | |||
| d Financial Assets | |||||
| (i) Investments | 3,596.57 | 4,143.96 | |||
| (ii) Others | 250.23 | 388.43 | |||
| e Income Tax Assets (Net) | 124.09 | 97.82 | |||
| f Other non-current assets | 696.18 | 499.72 | |||
| Current Assets | |||||
| a Inventories | 776.02 | 737.95 | |||
| b Financial Assets | |||||
| (i) Equity instrument held for trading | 84.55 | 103.70 | |||
| (ii) Trade Receivables | 1,161.86 | 1,211.97 | |||
| (iii) Cash and cash equivalents | 219.47 | 67.80 | |||
| (iv) Bank balances other than (iii) above | 91.14 | 87.49 | |||
| (v) Loans | 18.06 | 64.18 | |||
| c Other current assets | 37.83 | 450.53 | |||
| Total Assets | 9,662.86 | 10,208.67 | |||
| EQUITY AND LIABILITIESEquity | |||||
| a Equity Share capital | 1,727.15 | 1,727.15 | |||
| b Other Equity | 5,677.18 | 5,314.69 | |||
| Total Equity | 7,404.33 | 7,041.84 | |||
| LIABILmES | |||||
| Non-Current Liabilites | |||||
| a Financial Liabilities | |||||
| (i) Borrowings | 115.27 | 139.59 | |||
| (ii) Lease Liabilities | 0.88 | - | |||
| (iii) Other financial liabilities | 12.00 | 150.00 | |||
| b Provisions | 0.38 | 4.87 | |||
| c Deferred tax liabilites (Net) | 171.59 | 63.84 | |||
| Current Liabilitesa Financial Liabilities | |||||
| (i) Borrowings | - | 69.34 | |||
| (ii) Lease Liabilities | 18.81 | - | |||
| (ii) Trade payables | |||||
| Micro & Small Enterprises | - | - | |||
| Other than Micro & Small Enterprises | 1,561.89 | 2,232.70 | |||
| (iii) Other financial liabilities | 105.55 | 118.14 | |||
| b Other current liabilities | 251.28 | 369.16 | |||
| c Provisions | 20.88 | 19.19 | |||
| 10,208.67 | |||||
| Total Equity and Liabilities | 9,662.86 |


Date:- November 14, 2019 Place:-Mumbai
'For and on behalf of the Board
~ _,j V 1L_
Neelkamal Vrajlal Siraj Managing Director
| Rs in lacs | ||||
|---|---|---|---|---|
| Particulars | 30.0~.2019(Unaudited) | 30.09,2018(Unaudited) | ||
| Net Profit/ (Loss) before exceptional items and tax | 176.18 | 801.52 | ||
| Operating Profit/ (Loss) before changes in Assets & liabilities | 127.44 | 46.43 | ||
| Net Cash Flow from / (used in) Operating Activities | {469.51) | 2,185.79 | ||
| Net Cash Flow from/ (used in) Investing Activities | 722.60 | (2,759.99) | ||
| Net Cash Flow from / (used in) Financing Activities | {405.04) | (204,56) | ||
| Net increase/ (decrease) in Cash and Cash Equivalents | 151.67 | 69.19 | ||
| Cash and Cash Equivalents at the Beginning of the Period | 67.80 | 60.04 | ||
| Cash and Cash Equivalents at the End of the Period | 219.47 | 151.67 | 129,23 | 69.19 |
Weizmann Limited STANDALONE STATEMENT OF CASH FLOW FOR HALF YEAR ENDED 30TH SEPTEMBER, 2019
:tJL
Date :• November 14, 2019 Place:-Mumbal

Neelkamal Vrajlal Slraj Managing Director
BATLIBOI & PUROHIT Chartered Accountants
Independent Auditor's Report on the Quarterly and Year to date Unaudited Consolidated Financial Results of Weizmann Limited pursuant to Regulation 33 of the Securities and Exchange Board oflndia (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To Board of Directors of Weizmann Limited
-
- We have reviewed the unaudited consolidated financial results of Weizmann Limited (hereinafter referred to as the "Holding Company") and its associate (collectively referred to as "the Group") for the quarter and half year ended September 30, 2019 ("Consolidated Statement"), attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').
-
- This Consolidated Statement, which is the responsibility of the Company's management and approved by the Holding Company's Board of Directors, 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 a conclusion on the ConsoHqated Statement based on our review.
-
- We conducted our review of the Consolidated 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 Charte,red Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. 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.
- This Consolidated Statement includes the results of the Windia Infrastructure Finance Limited ('WIFL') (Associate of Holding Company).
Results of WTFL further includes the results of the following:
- a. Dabripada Energy Limited (subsidiary of WIFL)
- b. Trueman Properties Private Limited (associate of WIFL)
- c. Avinaya Resources Limited (associate of WIFL)
- d. Brahmanavel Energy Projects Limited (associate ofWIFL up to 15th September, 2019) e. Khandesh Energy Projects Limited (associate ofWIFL up to 15th September, 2019) '~PU ~~ Ito
o . .... \
BATLIBOI & PUROHIT Continuation Sheet
Chartered Accountants
- f. Vajharpada Energy Limited (associate of WIFL up to 15th September, 2019)
- g. Weizmann Corporate Services Limited (associate of WJFL up to I 5th September, 2019)
-
- The Consolidated Statement includes the Holding Company's share of net loss of Rs 16.18 lakhs and other comprehensive expense of Rs 3.07 lakhs for the quarter ended September 30, 2019 and net loss of Rs 158.50 lakhs and other comprehensive expense of Rs 22. l 0 lakhs for the half year ended September 30, 2019 as considered in the consolidated results. These financial results are not reviewed by other auditor and are certified by the management.
-
- Based on our review conducted and procedures performed as stated in paragraph 3 above and subject to the effects of the matter specified in paragraph 5 above, nothing has come to our attention that causes us to believe that the accompanying Consolidated Statement of unaudited financial results has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.
-
- Attention is drawn to Note 4 of the Consolidated Statement which states that the consolidated figures for the quarter and half year ended September 30, 2018, and consolidated statement of cash flows for the half year ended September 30, 2018 as reported in the Consolidated Statement have been approved by the Holding Company's Board of Directors, but have not been subjected to our review.
For Batliboi & Purohit Chartered Accountants JCAI Firm Reg. No. 101048W
-1~
Kaushal Mehta Partner Membership No. 111749
Place: Mumbai Date: November 14, 2019


[ CIN NO: L65990MH1985PLC038164]
Regd Office· Empire House 214 Dr D N Road Ent A K Nayak Marg Fort Mumbai 400 001
| Website: www.weizmann.'co.in° E-ma.il :· [email protected] Phone': 022-220; 1501 | |||||||
|---|---|---|---|---|---|---|---|
| ( Rs. in Lacs except per share data l | |||||||
| UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30 2019 | |||||||
| Particulars | Quarter Ended (Unaudited) | /Unaudited) | Half Year Ended | Year ended/Audited! | |||
| 30.09.19 | 30.06.19 | 30.09.18 | 30.09.19 | 30.09.18 | 31.03.19 | ||
| 1 Income | |||||||
| (a) Revenue from Operations | 2,209'.26 | 2,456.69 | 2,460.66 | 4,665.95 | 5,671.09 | 10,472.64 | |
| (b) Other Income | 3.87 | 11.04 | 65.98 | 14.91 | 124.19 | 194.12 | |
| Total Income | 2,213.13 | 2,467.73 | 2,526.64 | 4,680.86 | 5,795.28 | 10,666.76 | |
| 2 Expenses | |||||||
| (a) Cost of Materials Consumed | 893.39 | 820.75 | 941.66 | 1,71 4.14 | 2,860.21 | 4,502.31 | |
| (b) Purchases of Stock-in-trade | 14.52 | 14.52 | |||||
| (c) Changes in Inventories of Finished Goods, Work-in | |||||||
| Progress and Stock-in-Trade | (38.23) | 71.77 | 48.23 | 33.54 | 6.52 | (18.45) | |
| (d) Employee Benefit Expenses | 140.12 | 177.70 | 171.89 | 317.82 | 356.59 | 732.33 | |
| (e) Finance costs | 14.68 | 12.69 | 1.31 | 27.37 | 3.02 | 8.70 | |
| Depreciation and Amortisation expenses(f) | 62.26 | 66.75 | 34,70 | 129.01 | 68.48 | ||
| (g) Advertisement Expenses | 400.00 | 400.00 | 171.98 | ||||
| (h) Power & Fuel | 332.35 | 353,08 | 339.57 | 685.43 | 648.41 | 400.001,335.81 | |
| Job Work Charges(i) | 226.14 | 266.13 | 253,87 | 492.27 | 485,69 | ||
| Other ExpensesG) | 338.77 | 366.33 | 296.45 | 705.10 | 1,055.28 | ||
| Total Expenses | 1,969.48 | 2,535.20 | 2,102.20 | 550.33 | 1,361.20 | ||
| 3 Profit before exceptional items and tax (1-2) | 243.65 | (67.47) | 424.44 | 4,504.68 | 4,993.77 | 9,549.16 | |
| 4 | Exceptional Items | 176.18 | 801 .52 | 1,117.60 | |||
| 5 Profit before tax (3-4) | 243.65 | (67.47) | 424.44 | ||||
| 6 Tax Expenses | 176.18 | 801.52 | 1,117.60 | ||||
| (a) Current Tax | 53.00 | ||||||
| (b) Current Tax Expense Relating to Earlier Year's | 136.24 | 53.00 | 227.76 | 314.45 | |||
| (c) Deferred Tax | (7.74) | ||||||
| 7 ProfiU(Loss) for the period/year (5-6) | 18.00 | (15.35) | (112.24) | 2.65 | (96.45) | (46.07) | |
| Add: Share in ProfiV(Loss) of Associate | 172.65 | (52.12) | 400.44 | 120.53 | 670.21 | 856.96 | |
| 8 Total Net ProfiU(Loss) after Tax | (16.18) | (142.61) | 17.32 | (158.50) | 35.83 | (266.50) | |
| 9 Other Comprehensive Income (OCI) | 156.76 | (194.73) | 417.76 | (37.97) | 706.03 | 590.45 | |
| (A) Items that will not be reclassified to Profit and Loss | |||||||
| (i) Re-measurment gain/(Loss) on Defined benefit plan | |||||||
| 1.90 | |||||||
| (ii) Income tax effect on above | (0.55) | ||||||
| (iii) Net gain/(Loss) on Equity Shares fair value through OCl | 586.03 | (134.87) | (98.23) | 451 .16 | (411.03) | (1 ,121.27) | |
| (iv) Income tax effect on above | (136.52) | 31.42 | 21.86 | (105.10) | 91.48 | 261 .21 | |
| (v) Share in OCI of Associates | (3.07) | (26,41) | (3.50) | (22.10) | (2,916.04) | (2,937.39) | |
| (8) Items that will be reclassified to Profit and Loss | |||||||
| Total Other Comprehensive Income | 446.44 | (129.86) | (79.87) | 323.96 | (3,235.59) | (3,796.10) | |
| Total Comprehensive Income (after Tax) (7+8) | 603.20 | (324.58) | 337.89 | 285.99 | (2,529.56) | (3,205.65) | |
| 10 Paid-up Equity Share Capital (Face value of Re. 10/- each) | 1,727.15 | 1,727.15 | 1,727.15 | 1,727.15 | 1,727.15 | 1,727.15 | |
| 11 Earning per Share (Rs.) | |||||||
| Basic | 0.91 | (1 .13) | 2.42 | (0.22) | 4.09 | 3.42 | |
| Diluted | 0.91 | (1.13) | 2.42 | (0.22) | 4.09 | 3.42 |
Notes to the financial results:
1 The above results have been prepared in accordance with Indian Accounting Standards ('Ind AS') notified under Section 133 of the Companies Act, 2013, read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended),
2 These results have been reviewed by the Audit Committee and approved by the Board of Directors at the meeting held on November 14, 2019 and have been subjected to a Limited Review by the statutory auditors.
3 The Company is primarily operating in the business of processing and manufacture of textiles. Hence, there is only one business segment as per Ind-AS 108 - Operating Segments.
- 4 The Ind AS compliant consolidated financial results for the quarter & half year ended 30th September, 2018 have not been reviewed by the statutory Auditors. Further the statement of Cash Flows for the period ended 30th September, 2018 has also not been reviewed by the statutory auditors. However, the management as exercised necessary due diligence to ensure that the said financial results and statement of cash flows provide true and fair view of its affairs
- 5 Previous period's figures have been regrouped/reclassified wherever necessary.
Date :- November 14, 2019 -::===::fUJI ·-Mumbai
For and on behalf of the Board
~~:!-
Managing Director
Weizmann limited
Consolidated Statement of Assets and Liabilites As At 30th September, 2019
| {Rs in Lacs} | |||
|---|---|---|---|
| Particulars | Asat30.09.2019(Unaudited} | As at31.03.2019(Audited} | |
| ASSETS | |||
| Non-Current Assets | |||
| a Property ,Plant and Equipment | 2,321.44 | 2,354.00 | |
| b Right of Use Assets | 20.99 | - | |
| c Capital Work in Progress | 264.43 | 1.12 | |
| d Financial Assets | |||
| (i) Investments | 4,926.50 | 5,654.49 | |
| (ii) others | 250.23 | 388.43 | |
| e Income Tax Assets (Net) | 124.09 | 97.82 | |
| f Other non-current assets | 696.18 | 499.72 | |
| Current Assets | |||
| a Inventories | 776.02 | 737.95 | |
| b Financial Assets | |||
| (i) Equity instrument held for trading | 84.55 | 103.70 | |
| (ii) Trade Receivables | 1,161.86 | 1,211.97 | |
| (iii) Cash and cash equivalents | 219.47 | 67.80 | |
| (iv) Bank balances other than (iii) above | 91.14 | 87.49 | |
| (v) Loans | 18.06 | 64.18 | |
| c Other current assets | 37.83 | 450.53 | |
| Total Assets | 10,992.79 | 11,719.20 | |
| EQUITY AND LIABILITIESEquity | |||
| a Equity Share capital | 1,727.15 | 1,727.15 | |
| b Other Equity | 7,007.09 | 6,825.21 | |
| Total Equity | 8,734.24 | 8,552.36 | |
| LIABILITIES | |||
| Non-Current Liabilites | |||
| a Financial Liabilities | |||
| (i) Borrowings | 115.27 | 139.59 | |
| (ii) Lease Liabilities | 0.88 | - | |
| (iii) Other financial liabilities | 12.00 | 150.00 | |
| b Provisions | 0.38 | 4.87 | |
| c Deferred tax liabilites (Net) | 171.59 | 63.84 | |
| Current Liabilites | |||
| a Financial Liabilities | |||
| (i) Borrowings | - | 69.34 | |
| (ii) Lease Liabilities | 18.81 | - | |
| (ii) Trade payables | |||
| Micro & Small Enterprises | - | - | |
| Other than Micro & Small Enterprises | 1,561.91 | 2,232.70 | |
| (iii) Other financial liabilities | 105.55 | 118.14 | |
| b Other current liabilities | 251.28 | 369.17 | |
| c Provisions | 20.88 | 19.19 | |
| Total Equity and Liabilities | 10,992.79 | 11,719.20 |


Date :- November 14, 2019 Place:-Mumbai
For and on behalf of the Board
~jJJ,L ~ Neelkamal Vrajlal Siraj
Managing Director
| 30.09.2019Particulars(Unaudited) | 30.09.2018(Unaudited) | Rs in lacs | |||
|---|---|---|---|---|---|
| Net Profit/ (loss) before exceptronal items and tax | 176.18 | 801.52 | |||
| Operating Profit/ (Loss) before changes in Assets & Liabilities | 127.44 | 46.43 | |||
| Net Cash Flow from/ (used in) Operating Activities | (469.51) | 2,185.79 | |||
| Net Cash Flow from/ (used in) Investing Activities | 722.60 | (2,759.99) | |||
| Net Cash Flow from / (used in) Financing Activities | (405.04) | (204.56) | |||
| Net increase/ (decrease) in Cash and Cash EQuivalents | 151.67 | 69.19 | |||
| Cash and Cash EQuivalents at the Beginning of the Period | 67.80 | 60.04 | |||
| Cash and Cash Eauivalents at the End of the Period | 219.47 | 151.67 | 129.23 | 69.19 |
Weizmann Limited
Date :- November 14, 2019 Place:-Mumbal

;J:C:':t'~ i_
Neelkamal Vrajlal Slraj Managing Director