MITSHI INDIA LIMITED

Registered Office:- 2,Juhu Aradhana CHS Ltd., Juhu Lane, Mumbai 400 058. Phone.:- 022-26481711

CIN :- U91100MH1990PLC057373 Website: www.mitshi.in Email:- mitshi.india@gmail.com

----==-----------------------==--=========-----------=====-----------------

MIL/BSE/2019-20

Date: 27 1h May , 2019

To

The Manager - DCS

BSE Limited.

Phiroze Jeejeebhy T owers,

14th Floo r , Dalal St reet,

M umbai - 400 001

Subject: Submission of audited Consolidated financial results for the Quarter

and year ended on 31-03-2019

Ref: Regulation 33 (3) (a) of SEBI (LODR) Regulations 2015

Scrip Code No.: 523782

With reference to above, we are attaching audited Consolidated Financial Results for the quarter and year ended on 31 51 March, 2019 for your information and records

Thanking you,

Yours faithfully For MITSHI INDIA LIMITED (Formerly known as DERA PAINTS & CHMICALS LIMITED)

Chairman & Managing Director

Enlc A/a

J

-----------------

Ml I ::,HJ INUIA LI IVII I ED

Reg istered Office 2. Juhu Aradhana CHS Lto Junu Lare Ardheri(W ). Mumoai-400058

CIN ug1100MH1990PLC057373

Website www m1tsh1 In Email m1tsh1 1nd1a@gmail com

STATEMENT OF CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUAR TER/ YEAR ENDED 31st MARCH,2019

(Rs . In Lakhs)

Sr. NO. 1 2 3 4

Quarter Quarter Ended Year Ended Year Ended Ended 31 .03.18 31 .03.19 31 .03.18

31 .03.19 Unaudited Unaud ited Audited Audited I Revenue from Operations 220 98 106. 76 569 77 292 76 II Other Income

2 22 9 25 8 23 18 06 Ill Total Revenu e 223.20 116.01 578.00 310.82 IV Expenses

a Purchases of Stock In -Trade 121 92 75.67 351 68 212 2 b Changes 1n Inventories of Stock In -Trade (16.26) 0.00 (20.02) 0 00 c Employee Benefit Expense 13 92 7 34 44.08 19 33 d Deprec1at1on & amortIsatIon 1 38 0 88 6.95 3 33 e Other Expenses 23 70 11.69 76.00 34 .27

Total expenses 144.66 95.58 458.69 269.05 V Profit (+)/Loss(-) before Extraord inary & 78 54 20.43 119.31 41 77 Exceptional items and tax VI Extraordinary & Exceptional items 0 00 0.00 0.00 0 00 VII Tax Expenses 19 28 0.00 26 28 0 00 VI II Net Profit (+)/Loss (-) for the period before Non 59 26 20.43 93.03 41 77 Controll1nq Interest IX Less Prof1U(Loss) attributable to Non 4.81 1 84 0.00 Contro ll1 nq Interests X Net Profit (+)/Loss (-) for the period 54 45 20.43 91 19 41 77 ---= X I Other Comprehensive Income for the period 0 00 0 00 0 00 0.00

mr X II Total Comprehensive Income for the period 54 45 20.43 91 19 41 77

I ,J ) X III Paid -up equity share capital 880 00 880.00 880 00 880.00 XIV Reserves excluding revaluation reserves (753.06) (844.25) ~ xv Basic and diluted EPS for the period , for the 0 62 0 25 1 04 0 51 year to date and for the previous year (not to be ... ( -[) , annualised) c...-- -~ \. ~

~

-STATEMENT

OF STANDALONE AU DITED FINANCIAL RESULTS FOR THE QUARTER/ YEAR ENDED 31st MARCH,2019 -

Sr. NO. 1 2 3

Quarter Quarter Ended Year Ended Ended 31 .03.18 31 .03.19

31 .03.19

I Revenue from Operations

Unaud ited Unaud ited Audited

II 192 03 106 76 511 18 Other Income

0 15 8 25 0 15 Ill Total Revenue IV Expenses

192.18 116.01 511 .33

a Purchases of Stock 1n -Trade 121 58 75 67 351 02 b Changes in Inventories of Stock 1n -Trade (12 .75) 0.00 (15.15) c Employee Benefit Expense 4 74 7 34 17 06 d Depreciation & amort1sat1on 0 11 0 88 2 12 e Other Expenses 13 20 11.69 43 01

Total expenses 126.88 95.58 398 .06 V Profit (+)/Loss(-) before Extraordinary &

Exceptional items and tax 65 30 20 43 113 27

VI Extraordinary & Exceptional items 0 00 0 00 0 00 V II Tax Expenses 17 70 0 00 24 70 V III Net Profit (+)/Loss (-) for the period 47 60 20 43 88 57 IX Other Comprehensive Income for the period 0 00 0.00 0.00 X Total Comprehens ive Income for the period 47.60 20.43 88 57

X I Paid-up equity share capital 880 00 880 00 880 00

X II Reserves excluding revaluation rese rves (755.68) X III Basic and diluted EPS for the period, for th e 0 54 0.25 1.01

year to date and for the previous year (not to be

annualised)

1 The bove results have been reviewed by the Aud it Committee and taken on record by the board of

directors in the meeting held on 27.05.2019

2 The statutory auditors have conducted audit of the above financial results

(Rs . In Lakhs)

4

Year Ended 31 .03 .1 8

Aud ited

292 76

18 06

310.82

212 12

0 00

19 33

3 33

34.27

269 .05 41 77

0 00

0 00

41 77

0 00

41 77

880 00

(844.25)

0 51

I

3 The figures of quarter ended 31st March are the balancing figures between audited figures in respect of the full financial y...._a;,;.,r __ _

and the published year to date figures up to the third quarter of th e current and the previous financial yea r.

4 rhl' Subsidiary Company has been aquired during the bt qua r er of June,201 which I consolidated

S There Is no ~ , lparate reportable segment of the Company 6 I his StJ tem h • ent as been prepared 1n accordance with Companies {Indian Accoun ing 5,Jndards) Rules 201S(lnc A ) pre,cr·bcd

under Sernon 133 of th e Companies Act.2013 and other recognised accounring pract1~es and policies to the e ten Jppl1cJble

7 The figures for the prevIos yedr dnd corresponding period have been regrouped and rear ranged wherever neces Jry

Pl ace : Mumbai

Date : 27 .05.2019

DIN: 014519 12

I

MITSHI INDIA LIMITED

(Rupees In fakhs )

Statement of Consolidated Assets and Liabilities as at 31st March,2019

Particulars

ASSETS

(l) Non-current assets

(a) Property Plant and Equ ipment

(b) Other intang ible assets {c) Financial Assets

(i) Investments

(d) Deferred Tax Asset

(e) Other Non Current Assets

(2) Current assets (a) Inventories

(b) Financial Assets

( i ) Trade rece ivables

( ii ) Cash and cash equ ivalents (iii) Other Bank Balances

(i v ) Other Financial assets

( c) Other Current Assets ( d) Current Tax Assets

EQUITY AND LIABILITIES EQUITY (a) Equity Share Capital ( b) Other Equity ( c) Non Controlling Interests

LIABILITIES

Total

As at 31.03.2019

Audited

5.64

14 .89

0 .24

0 .30

10.70

31.77

20 .02

21 2 .91 20 .91

121.80 7 .34 7.78 0 .19

390.95 422.72

880.00 (753 .06)

105.05 231.99

As at 31.03.2018

Audited

4 .9 2

0.38

0 .24

0 .00

10.20

15.74

0 .00

49.45 12 7.81

0 .00 0 .00 3 .96 0 .00

181.22 196.96

880 .00 (844 .25)

0 .00 35.75

( 1 ) Non-Current Liabilities (al Financial l1abilt1es (1) Borrow,ngs 49 .07 68 .53 (11) Trade payables 79.17 79.17 (b) Deferred Tax liabilities 0 .03 0.00 (c) Other Non Current liab1l1ties 3 .29 3.80

( 2 ) Current Liabilities 131.56 151.50

(a) Financial liabi/t,es

(1) Trade payables 32 .54 6.90 (11) Other Financial Liabilities 6 .52 0 .00 (b) Other Current l1abilit1es 2.43 2.81 ( c) Current Tax liabilities 17 .68 0 .00

59.17 9.71 I Total 422.72 196.96

MITSHI INDIA LIMITED

(Rupees In lakhs)

Statement of Standalone Assets and Liabilities as at 31st March,2019

Particulars As at As at

31.03.2019 31.03.2018 Audited Audited

ASSETS

( 1) Non-current assets

(a) Property Plant and Equipment 1. 72 4.92

(b) Other intangib le assets 0.06 0.38

l(c) Financial ASSf'tS

(i) Investments 147.03 0.24

( d) Deferred Tax Asset 0 .30 0.00

(e) Other Non Current Asse ts 6.49 10.20 155 .60 15.74

( 2) Current assets

(a) Inventories 15 .15 0 .00

{b) Financial Assets

( i ) Trade receivables

(ii) Cash and cash equivalents (c) Other Current Assets

EQUITY AND LIABILITIES EQUITY

(a) Equ ity Share Capital (b) Other Equ ity

LIABILITIES

(1) Non- Current Liabilities (a) Financial Liabilties ( i) Borrowings

( i i) Trade payables

(b) Other Non Current liabilities

(2) Current Liabilities (a) Financial Liabilties

(i) Trade payables

(ii) Others

(b) Other Current liabilities

(c) Current Tax liabilities

Place : Mumbai

Date: 27 .05 .2019

Total

Total

130.90

8.65

0 .00

154.70 310.30

880.00

(755.68) 124.32

49.07 79.17

3.29 131.53

28 ,84

6 .52 1.41

17 .68 54.45

310.30

Managing Director

DIN : 01451912

49.45

127 .81

3 .96

181.22 196.96

880.00

(844 .25)

35.75

68 .53 79.17

3 .80 151.50

6.90 0 .00 2 .81 0 .00 9.71

196.96

l

_a . ..:1. S./VZJ./.{!11./ cfr CO.. ( .II. UJlJ<LiJ. -/(_ cu·u_·1>,, '/. L '\ D

A. 11 SIDDIQUI [3 .Com ., A.C .A

Independent Auditor' s Report

Room No.3, Plo t No. I BA,

:j1 11dh1 Society , Opp 8hokt1 l3hrwa11 , Cl1 e11!bur, Mu111bc11 400 07 I

J\fou1le 829 I 994833 I 8655909062 _!:: •m ail : caahsiddiqui@gmail.com

Auditor's Report on the audit of the annual financial results of the group with the last quarter financ ia l results being balancing figures Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20 15.

TO THE BOARD OF DIRECTORS OF Mitshi India Limited Mumbai

1. We have audited the accompanying Statement of Consolidated Financial Results of Mitshi India Lim ited (" the Parent") and its one subsidiary (the Parent and its subsidiary together referred to as "the Group") for the year ended 31'1 March .2019 ("the Statement"), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulat ions 20 15. as amended Attention is drawn to the fact that the consolida ted fig ures for the corresponding preceding quarter and year ended 31 " March .2018 as reported in these financial resu lts are for Parent only as the Subs1d1ary was incorporated and acquired during the current financial year.

2 This Statement, wh ich is the respons ibility of the Parent's Management and approved by the Parent's Board of Directors . has been compiled from the related consolidated financial statements wh 1cl1 has been prepared in accordance with the Ind ian Accounting Standards prescribed under Section 133 of the Companies Act , 2013 , read wi th the Companies (Indian Accounting Standards) Rules. 2015, as amended ("Ind AS"), and other accounting principles generally accepted In India Our responsibility is to express an opinion on the Statement based on our audit of such consol idated financial statements.

3. 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 requ irements and plan and perform the audit to obtain reasonable assurance about whether the Statement Is free from material misstatement.

An aud it involves perforrrnng procedures to obtain audit evidence about the amounts and the disclosures In the Statement Th e procedures selecteo depend on the auditor's judgment 1nclud1ng the assessment of the risks of material misstatement of the Statement , whether due to f1aud or error In making those risk assessments the auditor considers internal control relevant to the Parent's preparation and firn presentation of the Statement in order to design aud it pr ocedures th at are appropriate in the ci rcumstances . bu t not for the purpose of expressing an opin ion on the Parent's in ternal financial control with reference to the Statement An audit also includes evalualing the appropriateness of the accounting policies used and th e reasonableness of the accounting es timates made by the Management, as we ll as eva luating t11e ove rall presenta tion of the Statement

We also performed procedures 111 cJccordance wi th the circular issued by the SEBI under Regulation 33 (8 ) of the SEB I (Listing Obligations and Disclosure Requirements) Regulations . 2015, as amended, to the extent applicable

We believe lhc1t the audit evidence obtained by us and the audi t evidence obtained by the other aud itors in terms of their 1eports re ferred to In paragraph 5 below. Is suffic ient and app1opr1ate to p10v1de a bas is for our audit opinion

4 In our opinion and to the best of our m!ormat,on and according to the explanations given to us. and based on the cons1deratIon of me reports o! the other auditors on separate financial statements of the Group. subs,d anes referred to m paragraph 5 below. the

State111ent

a includes the results ot the follow1ng entItIes (to 1nd1cate list of ent1t1es included 1n the

consohdat,on); , M1tsh1 India L1rn1ted (Parent) 11 Taarnk1tchen Enterpnses Private Limited (Subs1d1ary)

b Is presented In accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 20 15, as amended: and

c gives a rue and falf view in conformity with the recognition and measurement principles laid down m 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 income and other financial information of the Group for

the year ended 31" March.2019

5 'Ve did not audit the fmanc,al statements t linanc1al ,nforrnation of Taazak1tchen Enterprises Private L1m1ted . a subsidiary included in the consolidated financial results. whose f1nanc1al statements , r,nanc1al information renecl total assets of Rs 317 .31 lakhs as nt 31s ~arch 2019 total revenues of Rs 213 05 lakhs . total net profit after tax of Rs 4 46 lakhs total comprehensive income of Rs 4 46 lakhs and casl1 inflows (net) of Rs 12 26 lakhs for the year ended on that date, as considered in the consolidated financial resu lts whose financial statements / financial information have not been audited by us These financial statements / f1nanc1al information have been audited by other auditors whose reports have been furnished to us by the Management and our opinion on the consolidated fmanc,al results In so far as 11 relates to the amounts and disclosures included in respect of the subs1dIary Is based solely on the reports of the other auditors and the procedures

performed by us as stated in paragraph 3 above

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

6 11e Sta ernent includes the results for the quarter ended 31" March,2019 being the balancing figure between audited figures ,n respect of the full financial year and the publ,sheo unaudited year to date figures up to the third quarter of the current financial year

,•1lw:h were subIcct to limrled I ev,ew by us

PIJce MumbJI Ll ,, ed 27 ''' M;iy ,2019

For A. /\ Sidd1qu1 & Co., Chartered Accountants

Firm Regn . No.143081W

./

I )-1/ ~\l1/. i, 1 A. A. Siddiqui

(Proprietor) M .No.173290

j

MITSHI INDIA LTDwww.mitshi.in | www.taazakitchen.com | Email: contact@mitshi.in

Notes1. The above is an extract of the detailed format of the financial results for the quarter/year ended 31st March, 2019 filed with the Stock Exchange under Regulation 33 of the SEBI ( Listing and Other Disclosure Requirements) Regulations,2015. The full format of the financial results are available on the Stock Exchange website https://www.bseindia.com/stock-share-price/mitshi-india-ltd/mitshi/523782 and the Company's website www.mitshi.in2. The bove financial results have been reviewed by the Audit Committee and taken on record by the board of directors in  the meeting held on  27.05.2019*except interest Free loan from Promoters/Directors Registered Office: 2, Juhu Aradhana CHS, Juhu Lane, Andheri (w), Mumbai 400058 | CIN: U91100MH1990PLC057373

Place: Mumbai | Date: 27.05.2019 For Mitshi India Ltd | Kumar V. Shah (Managing Director) DIN: 01451912

86%

REVENUE UPYEAR ON YEAR

186%

PBT GROWTHYEAR ON YEAR

118%

PAT GROWTHYEAR ON YEAR

1.04

EARNINGSPER SHARE (EPS)

SOFTWAREMitshi Softwares providesend to end custom madesoftware solutions for all

types of businesses

AGRITECHMitshi is innovating the

supply chain of bulk potatoand onions sales in

Mumbai

E-COMM PLATFORMSubsidiary of Mitshi - Taaza

Kitchen is selling Fruits,Vegetables, Dry Fruits, Pulses,

other private label Kitchenrelated Items online.

OUR VERTICALS

DEBT FREE COMPANY *

~., taaza KITCHEN

•••••••••••••••••••••••••• •

ii,·!Hti·ii,:ii+I H-i!H-i,#-P·i'Hh+OWi HM!·iii'iiti#+i,il#-Wi·i,+IFh#'H+EMI H·J3:f1 fr s,. No.

Total Revenue Profit (+)/loss(-) before Extraordinary & Exceptional items , tax and Non ControDing Interests

Ill Profit (+)/loss(-) after Extraordinary & Exceptional items, tax and Non Controlling Interests

IV Total Comp~hensive Income for the ~riod V Paid-up equity share capital ( of Rs .10/- each)

VI Other Equity( Reserves excluding revaluation reseives) VII Basic and diluted EPS for the period, for the year to date and for the previous year (not to be annuaUsed)

S<. No.

I TotalRevenue

II Profit (+)/loss(-) before Extraordinary & Exceptional items and tax

Ill Profit (+)/loss(-) after Extraordinary & Exceptional items and tax

IV Total Comprehensive Income for the period

V Paid-up equity share capital ( of Rs.10/- each)

VI Other Equity( Reserves excluding revaluation reserves)

Vil Basic arid diluted EPS for the period, for the year to date and for the previous year (not to be annuabed)

Quarter Ended Quarter Ended Year Ended 31 .03.19 31 .03.18 31 .03.19

Unaudited Unaudited Audited

223.20 116.01 578.00

78.54 20.43 119.31

54.45 20.43 91.09

54.45 20.43 91 .09

880.00 880.00 880.00

(753.06)

0.62 0.25 1.04

Quarter Ended Quarter Ended Year Ended

31.03.19 31.03.18 31.03.19 Unaudited Unaudited Audited

192.18 116.01 51 1.33

65.30 20.43 113.27

47.60 20.43 88.57

47.60 20.43 88.57

880.00 880.00 880.00

(755.68

0.54 0.25 1.01

R1. lnLlkh1

4

Year Ended 31.03.18 Audited

310.82

41 .77

41.77

41 .77

880.00

(844.25) 0.51

R1. lnLlkh1

4 Year Ended

31 .03.18 Audited

310.82

41.77

41 .77

41 .77

880.00

(844.25)

0.51