archit organosys limited reg office: plot no. 2519-a phase ... · archit organosys limited reg mce:...

5
ARCHIT ORGANOSYSLIMITED Reg Office: Plot No. 2519-A Phase-Ill GIDC., Naroda, Ahmedabad -382330 Website: www. Architorg.com email: [email protected] Tele: +91-79-22821154 CIN: U411ffiJ1993PLCOl9941 I For the Quarter For the WY- ' 1 . . 1 For the Year I - Quarter ended !018 , Ended on :h 31,2018 Partkulan I I I I I I 1 Unaudited I Unaudited I Unaudited I Unaudited 1 Unaudited I Audlted Income [a] Revenue From Operations 2559.94 2053.97 1127.31 4613.91 2135.32 8170.99 lbl Other Income 21.38 71.59 236.39 92.97 358.22 284.76 Total Income(a+ b) 111 Expenses: [a] Cost of materials consumed 840.61 779.41 525.17 1,620.02 958.08 2274.93 [bl Purchaseof Stock in Trade 1,452.60 857.58 292.35 2,310.18 558.19 4227.7 lcl Changes in inventories of finished goods, work in progress and stock in - (89.72) 25.95 25.92 (63.79) 45.64 trade (247.24) [dl Employees benefits expenses 122.03 128.74 107.55 250.77 204.72 505.35 [el Finance costs 88.53 85.67 92.85 174.20 190.23 365.91 Depreciationand amortisation expenses I 70.00 1 69.151 66.42 1 139.15 1 129.521 258.851 [PI Power & Fuel 61.26 77.03 44.78 138.29 110.18 224.12 [hl Other expenses 295.75 229.39 121.9 525.14 400.1 807.56 IV Total Expenses 2.841.06 2252.92 1276.94 5,093.95 2596.65 8417.18 Profit/(Loss) before exceptional and extraordinary items and tax (III- IV) -259.73 (127.34) 86.77 -387.07 (103.11) 38.57 VI Exceptional Items VII Profit before extraordinary items and tax (V-VI) -259.73 (127.34) 86.77 -387.07 (103.11) 38.57 Vlll . Extraordinary items IX Profit before tax (' -259.73 (127.34) 86.77 -387.07 (103.11) 38.57 X Tax Expense (a) Current Tax (b) Deferred Tax 139.63 , (12.07) (0.28) 127.56 4.30 (13.11) (c) MAT Cedit Entitlement (dl Incon er years Tc nses 139.63 (12.07) (0.28) 127.56 4.30 (13.11) XI Profit(loss) for the Period from Continuingoperations(1X-X) -120.10 (139.41) 87.05 -259.51 (107.41) 51.68 ie tax of earlis ~tal Tax Expel XI1 I Profit(loss) for the Period from discontinuing operations I -1 -1 -1 -1 -1 -1 Xlll Tax expenses of discontinuing operations XIV Profit(loss) for the Period from discontinuingoperations (after tax) (XII- Xllll XV Net Profit(loss) for the Period (XI-XIV) -120.10 (139.41) 87.05 -259.51 (107.41) 51.68 XVI Other Comprehensive Income /' [a] I ltems that will not be reclassifiedto Profit or Loss (Net of Tax) 1 Ibl Items that will be reclassifiedto Profit or Loss (.Net of tax) Total Comprehensiveincome for the period (XV+XVI) (Comprising XVll Profit/(Loss) and other Com~rehensive income for the period) -120.10 (141.51) 87.05 -261.61 (107.41) 49.77 XVIII) Paid-up equity share capital (face value of Rs.10) 1 1,502.07 1 1504.201 1296.69) 1502.07 1296.69 1504.20 XIX Reserves1 Other Equity 2,195.92 2455.40 XX Earning per equity Shares(before extra-ordinky Items) la1 Basic -1.73 (0.93) 0.67 -2.58 (0.83) 0.41 diluted I -1.73 1 (0.93) 1 0.671 -2.58 1 10.83) 1 0.411 XXI Earning pecequity Shares(after extra-ordinary Items) [a1 Basic -1.73 (0.93) 0.67 -2.58 (0.83) 0.41 diluted I I For and behalf of the Board Date: 05.11.2018 Place: Ahmedabad - 7.. ,- 1 --i -- ,-'k " - Chairman and Whole-time Director

Upload: others

Post on 26-Aug-2020

2 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: ARCHIT ORGANOSYS LIMITED Reg Office: Plot No. 2519-A Phase ... · ARCHIT ORGANOSYS LIMITED Reg Mce: Plot No. 2519-A Phase-Ill GIDC., Naroda, Ahmedabad -382330 Website: www. Archltorg.com

ARCHIT ORGANOSYS LIMITED Reg Office: Plot No. 2519-A Phase-Ill GIDC., Naroda, Ahmedabad -382330

Website: www. Architorg.com email: [email protected] Tele: +91-79-22821154 CIN: U411ffiJ1993PLCOl9941

I For the Quarter For the W Y - ' 1 . . 1 For the Year I - Quart er ended

!018

, Ended on :h 31,2018

Partkulan

I I I I I I

1 Unaudited I Unaudited I Unaudited I Unaudited 1 Unaudited I Audlted Income

[a] Revenue From Operations 2559.94 2053.97 1127.31 4613.91 2135.32 8170.99

lbl Other Income 21.38 71.59 236.39 92.97 358.22 284.76

Total Income(a+ b)

111 Expenses:

[a] Cost of materials consumed 840.61 779.41 525.17 1,620.02 958.08 2274.93

[bl Purchase of Stock in Trade 1,452.60 857.58 292.35 2,310.18 558.19 4227.7

lcl Changes in inventories of finished goods, work in progress and stock in -

(89.72) 25.95 25.92 (63.79) 45.64 trade

(247.24)

[dl Employees benefits expenses 122.03 128.74 107.55 250.77 204.72 505.35

[el Finance costs 88.53 85.67 92.85 174.20 190.23 365.91

Depreciation and amortisation expenses I 70.00 1 69.151 66.42 1 139.15 1 129.521 258.851

[PI Power & Fuel 61.26 77.03 44.78 138.29 110.18 224.12

[hl Other expenses 295.75 229.39 121.9 525.14 400.1 807.56

IV Total Expenses 2.841.06 2252.92 1276.94 5,093.95 2596.65 8417.18

Profit/(Loss) before exceptional and extraordinary items and tax (III-

IV) -259.73 (127.34) 86.77 -387.07 (103.11) 38.57

VI Exceptional Items

VII Profit before extraordinary items and tax (V-VI) -259.73 (127.34) 86.77 -387.07 (103.11) 38.57

Vlll . Extraordinary items

IX Profit before tax (' -259.73 (127.34) 86.77 -387.07 (103.11) 38.57

X Tax Expense

(a) Current Tax

(b) Deferred Tax 139.63 , (12.07) (0.28) 127.56 4.30 (13.11)

(c) MAT Cedit Entitlement

(dl Incon er years

Tc nses 139.63 (12.07) (0.28) 127.56 4.30 (13.11)

XI Profit(loss) for the Period from Continuing operations(1X-X) -120.10 (139.41) 87.05 -259.51 (107.41) 51.68

ie tax of earlis

~ t a l Tax Expel

XI1 I Profit(loss) for the Period from discontinuing operations I - 1 -1 - 1 - 1 -1 -1 Xlll Tax expenses of discontinuing operations

XIV Profit(loss) for the Period from discontinuing operations (after tax) (XII-

Xllll

XV Net Profit(loss) for the Period (XI-XIV) -120.10 (139.41) 87.05 -259.51 (107.41) 51.68

XVI Other Comprehensive Income /'

[a] I ltems that will not be reclassified to Profit or Loss (Net of Tax) 1 Ibl Items that will be reclassified to Profit or Loss (.Net of tax)

Total Comprehensive income for the period (XV+XVI) (Comprising XVll

Profit/(Loss) and other Com~rehensive income for the period) -120.10 (141.51) 87.05 -261.61 (107.41) 49.77

XVIII) Paid-up equity share capital (face value of Rs.10) 1 1,502.07 1 1504.201 1296.69) 1502.07 1296.69 1504.20

XIX Reserves1 Other Equity 2,195.92 2455.40

XX Earning per equity Shares(before extra-ordinky Items)

la1 Basic -1.73 (0.93) 0.67 -2.58 (0.83) 0.41

diluted I -1.73 1 (0.93) 1 0.671 -2.58 1 10.83) 1 0.411

XXI Earning pecequity Shares(after extra-ordinary Items)

[a1 Basic -1.73 (0.93) 0.67 -2.58 (0.83) 0.41

diluted I I

For and behalf of the Board Date: 05.11.2018 Place: Ahmedabad

- 7.. ,- 1 --i -- , - ' k " -

Chairman and Whole-time Director

Page 2: ARCHIT ORGANOSYS LIMITED Reg Office: Plot No. 2519-A Phase ... · ARCHIT ORGANOSYS LIMITED Reg Mce: Plot No. 2519-A Phase-Ill GIDC., Naroda, Ahmedabad -382330 Website: www. Archltorg.com

Notes: The financial resuts of the company for the quarter and half Year ended on September 30,2018 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company in their meeting. The results are being published in accordance with Regulation 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015.

With regard to the observation of auditors relating to Non provision of the option loss including interest, the management is of the opinion that the said liability is of contingent nature and for the same, legal matter is pending at DRT Mumbai. In view of the same, it is not recognized as the liability and hence no provision has been made for the option loss and interest thereon.

Legal Proceeding has been filed by appropriate authority against Whole Time Director and Manager of the Company for alleged violation of discharging contaminated water causing death of black bucks. The Company is not responsible for the same. The Company has informed about instance to the BSE Limited and Gujarat Pollution Control Board and due death of black bucks Company has received the Closure notice from Gujarat Pollution Control Board. Company has Clarified all the matter before GPCB(Gujarat Pollution Control Board Closure of notice) but Same has been rejected by the same Authority. However Company has further time initiated matter before GPCB and the Company has received a revocation letter from GPCB on today i.e. 05/11/2018

4 Segment Reporting as defined in Ind AS 108 is not applicable, as the Company operates in only one segment.

5 Comparative figures have been rearrangedlregrouped wherever necessary.

6 Detailed of Proceeds from Right issue utilised by the Company till September 30,2018 is as Follow: (Rs. In Lacs)

Actual

778.47 319.14

165.16

192.56 25.00 320.00 582.78

Sr No.

1

2

*

* * 3

. 4 *Note: Company has received approval from the Shareholders of the Company through Special resolution passed by way of postal ballot on 30th Apri1,2018 for utilizing of remaining amount of Project-ll for the purposes other than that specified in Letter of Offer.

The Company forfeited 42,577 partly paid equity shares on account of non receipt of first and final call money. BSE Limited had vide its Notice No. 20180725-20 dated July 25,2018 confirmed the forfeiture. The Company has also received necessary confirmations from Depositories (i.e. from NSDL vide its letter ll/CA/COM/42437/2018 dated August 29,2018 and from CDSL vide its letter CDSL/OPS/IPO-CA/2018-19/CA-327327.001 dated August 27,2018) for forfeiture of the stated equity shares. As on September 30,2018 there were no partly paid Equity shares in the Company.

d For and behalf of the Board

Date: 05.11.2018 Place: Ahmedabad

Kandarp Amin Chairman and Whole-time Director

DIN:00038972

Particulars

Fund deployed ~n Project -I undertaken by Company ~ u n d ' d e ~ l o ~ e d in Project -11 undertaken by Company Finance Technology upgra 1 Capital expenses for MCA, TCAC, SBS, CAC Unit Finance working capital needs for MCA, TCAC, SBS, CAC Unit Prepayment of Term Loan of Union Bank of India Repayment of Unsecured Loan General Corporate Purpose

Projected

778.47 784.30

165.16

275.00 25.00 320.00 582.78

Page 3: ARCHIT ORGANOSYS LIMITED Reg Office: Plot No. 2519-A Phase ... · ARCHIT ORGANOSYS LIMITED Reg Mce: Plot No. 2519-A Phase-Ill GIDC., Naroda, Ahmedabad -382330 Website: www. Archltorg.com

ARCHIT ORGANOSYS LIMITED Reg M c e : Plot No. 2519-A Phase-Ill GIDC., Naroda, Ahmedabad -382330

Website: www. Archltorg.com emall: [email protected] Tele: +91-79-22821154 CIN: U411OG11993PLCOl9941

Particulars

ASSET:

lent

I

Non-current Assets:

eceivables

[a]

[b]

[c]

[dl

[el

[fJ

I (iii) other non-current Financial Assets I 68.55 1 47.75 1

Property, plant and equipment

Capital work in progress

other Intangible assets

Investment Property

Goodwill

Other Intangible assets

(ii) LongTerm loans and advances

I [il I~eferred tax assets (net) I I - I

78.87 1 78.18

I [il lother non-current assets 1 I 2.52 1

4,594.05

830.89

6.17

I Total Non-current ~ s s e k l 5.578.54 1 5,632.55 1

4,730.04

766.61

7.45

1 2 kurrent Assets: I I I [a] lnvetories 543.87 710.97

[b] Financial assets:

(i) Investments 10.03

(ii) Trade and other receivables 2,530.27

(iii) Cash and short term deposits 301.44 74.24

I I (iv) Bank balance other than above I I 2.90 1 I I (v) Loan and advances I I 2.62 1

(iv) Others current financial assets I - I 37.80 1 I Icl lcurrent tax Assetshet) I 8.89 1 - I I Idl lother current assets 1 670.94 1 456.28 1

TOTAL ASSETS(l+Z)

Total Current &sets1 4.065.44 1 4.421.05 1

II

TOTAL EQUITY AND LIABILITIES(l+2) 9,643.97 1 10,053.60

For and behalf of the Board Dace: 05.11.2018 Place: Ahmedabad we

KandawAmIn s!&b .. - halrman and Whole-time ~ i &

:'**-- '"- -- DIN:00038¶2 '

EQUITY AND LIABILITIE!

(i) Equity Share Capital

(ii) other equity

Total Equitv

1 I Eauitv

1,502.07

2,195.92

3.698.00

1,504.20

2,455.40

3.959.60

Page 4: ARCHIT ORGANOSYS LIMITED Reg Office: Plot No. 2519-A Phase ... · ARCHIT ORGANOSYS LIMITED Reg Mce: Plot No. 2519-A Phase-Ill GIDC., Naroda, Ahmedabad -382330 Website: www. Archltorg.com

LIMITED REVIEW REPORT

The Board of Directors; ARCHlT ORGANOSYS LIMITED Ahmedabad

We have reviewed the accompanying unaudited Ina AS t~nancial results of ARCHIT ORGANOSYS LIMITED (the "Companyn) for the quarter ended 30Ih september, 2018 and the year to date from April 1, 2018 to September 30, 2018 (the "Statementn) attached herewith, being submitted by the Company pursuant to the requirements of Regulations 33 of the SEBl (Listing Obligation and Disclosure Requirements) Regulations, 2015 ('the Regulation'), read with SEBl Circular No. CIRICFDIFAC162l2016 dated July 5, 2016 (the 'Circular').

2. The preparation of the Statement in accordance with Recognition and Measuremen principle laid down in Indian Accounting Standard 34, (Ind AS 34) 'Interim Financi Reporting' prescribed under Section 133 of the Companies Act, 2013 read with Rul 3 of Companies (Indian Accounting Standard) Rules, 2015, as amended, read wit the Circular is the Responsibility of the Company's Management and has bee approved by the Board of Directors of the Company. Our responsibility is to expres a conclusion on the statement based on our Review.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information performed by the lndependen Auditor of the Entity" issued by the Institute of Chartered Accountants of India. standard requires that we plan and perform the review to obtain moderate assur as to whether the Statement is free of material misstatement. A Review is limi primarily to inquiries of company personnel and analytical procedures applied

. financial data and thus provides less assurance than an audit. We have performed an audit and accordingly, we do not express an audit opinion.

4. Based on information and explanations provided to us by the managem that the company had entered into derivative contract for sale of foreign HDFC Bank Ltd. in financial year 2008-2009 which has resulted into loss to

tune of ' 1,97,52,367/- against which the sum of ' 55,06,598/- has already b

paid to HDFC Bank Ltd. and charged to Statement of Profit and Loss in the afores

financial year, Consequent upon adjustment of fixed deposits amounting to

23,64,200/- against the balance loss of ' 1,42,45,769/- the liability on account

aforesaid loss, as per bank statement provided up to 31St January, 2013 stands

1,47,07,069/- includin$interest, which has not been provided for by the co Such non provision of liability has resulted into non-compliance of Indian Acco Standard (Ind AS) 37 and also resulted into understatement of current liabiliti Since the interesffcharges, if any, for the period from 1'' February, 2013 to September, 2018 has not been intimated to company, the impact thereof dn loss the quarter under review could not be ascertained.

5. Attention is invited to note no. 3 to the financial result for the quarter ended on September, 2018 in respect of legal case filed by appropriate authorities alleging company causing death of Blackbucks due to drinking of contaminated water. Gojarat Pollution Control Board, vide its order issued in terms of provisions of ~ e c 33A of Water ( Prevention and Control of Pollution) Act, 1974 directed the comp to close its production process at Bhavnagar unit with immediate effect. In respon the company vide its application requested the authority to revoke the order w was also rejected by the authority. The company has already informed Bombay S

-

Page 5: ARCHIT ORGANOSYS LIMITED Reg Office: Plot No. 2519-A Phase ... · ARCHIT ORGANOSYS LIMITED Reg Mce: Plot No. 2519-A Phase-Ill GIDC., Naroda, Ahmedabad -382330 Website: www. Archltorg.com

rcular that it

RTEPED A

Exchange vide its

appropriate author* revoking the closure of plant and in pursuance there company is in the process of taking appropriate measures. ,

contains any material misstatement.

Place : Ahmedabad

. .

\

. -

. .

!.;!.: .. .. . - . ... ..

. .