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RAMINFO LIMITED Interim / Quarterly Report 2020
61120_rns_2019-08-14_9b6013e6-219d-4b78-9341-763bbb98f68c.pdf
Interim / Quarterly Report
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RAMINFO Ideate • Collaborate • Deliver
Date: 14th August, 2019
To,
The Corporate Relationship Department,
BSE Limited,
P J Towers,
Dalal Street,
Mumbai – 400001
Dear Sir,
Re: Outcome of Board Meeting held on 14th August, 2019
Ref: Scrip Code – 530951
With reference to the cited subject, we wish to inform that a Meeting of Board of Directors of the Company was held on 14th August, 2019, wherein the following matters were discussed and approved:
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The Board considered and approved the Unaudited Financial Results for the first quarter of FY 2019-20 ended 30th June, 2019, in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and IND Accounting Standards. Further, the Board took on record the Limited Review Report on the said Financial Results. The Financial Results along with the Limited Review Report are enclosed herewith.
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The Board noted the quarterly compliances under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended 30th June, 2019.
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The Board in accordance with regulation 6 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has approved the appointment of Mr. Kaushal Kishor Agrawal, Associate member of the Institute of Company Secretaries of India, having Membership No. A40196 as Company Secretary and Compliance Officer of the Company w.e.f 14th August, 2019.
We further inform that the Board Meeting commenced at 2.30 P.M. and concluded at 5:30 P.M.
a CMMi Level 3 Company
The above information is also available on the website of the Company: www.raminfo.com. This is for your information and records, in compliance with Regulation 6, 30, 33 and Schedule III of SEBI (LODR) Regulations, 2015.
Thanking you,
Yours faithfully,
For RAMINFO LIMITED
(L. Srinath Reddy)
Managing Director
DIN: 03255638
Encl: As stated above
RAMINFO
Ideate • Collaborate • Deliver
RAMINFO LIMITED
Aakanksha, 3rd Floor.
8-2-293/82/Jill/564A-22/1.
Road No.92, Jubilee Hills,
Hyderabad - 500033
Ph : +91 40 23541894
www.raminfo.com
CIN : L72200TG1994PLC017598
E-mail : [email protected]
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th JUNE 2019
(Rs. In lakhs except EPS)
| S.No. | Particulars | Quarter Ended | Year Ended | ||
|---|---|---|---|---|---|
| 30th June'19 (UnAudited) | 31st March'19 (Audited) | 30th June'18 (UnAudited) | 31st Mar 19 (Audited) | ||
| 1 | Income From Operations | ||||
| Revenue from operations | 704.94 | 944.88 | 666.87 | 3,289.78 | |
| Other income | 23.84 | 38.01 | 9.19 | 86.55 | |
| Total Income from operations (net) | 728.77 | 982.88 | 676.07 | 3376.32 | |
| 2 | Expenses | ||||
| Changes in inventories | - | - | - | 33.66 | |
| Cost of materials consumed | 276.50 | 228.39 | 184.02 | 857.45 | |
| Employee benefits expense | 62.74 | 67.87 | 78.81 | 296.93 | |
| Development & Manpower Expenses | 223.01 | 321.71 | 335.43 | 1,496.21 | |
| Depreciation and amortization expense | 15.50 | 9.01 | 17.50 | 59.38 | |
| Finance costs | 17.15 | 23.25 | 8.25 | 60.66 | |
| Administration & Other expenses | 93.97 | 302.41 | 27.12 | 421.59 | |
| Total Expenses | 688.88 | 952.64 | 651.10 | 3225.88 | |
| 3 | Profit before tax | 39.90 | 30.25 | 24.96 | 150.44 |
| 4 | Tax expense | (22.59) | (17.01) | (3.39) | (31.30) |
| (a) Current Tax | 8.21 | 8.80 | 5.14 | 33.50 | |
| (b) Less: Minimum Alternate Tax (MAT) Credit entitlement | (8.21) | (8.48) | (5.46) | (33.55) | |
| (c) Deferred Tax | (22.59) | (17.33) | (3.07) | (31.30) | |
| 5 | Net Profit for the period | 62.49 | 47.26 | 28.35 | 181.74 |
| 6 | Other Comprehensive Income (OCI) | ||||
| i) Items that will not be reclassified to Profit and Loss | |||||
| a) Remeasurement of the net defined benefits / (assets) | - | 10.37 | (1.57) | 11.94 | |
| b) Income Tax relating to items that will not be reclassified to Profit and Loss | - | (2.12) | 0.32 | (2.44) | |
| 7 | Total Other Comprehensive Income | - | 8.26 | 1.25 | 9.50 |
| 8 | Total Comprehensive Income for the period | 62.49 | 55.52 | 29.60 | 191.25 |
| 9 | Paid-up equity share capital / Equity Shares of Rs.10/- each | 671.36 | 671.36 | 628.06 | 628.06 |
| 10 | Earnings Per Share (Face value of Rs.10/-) | ||||
| (a) Basic | 0.93 | 0.75 | 0.45 | 2.89 | |
| (b) Diluted | 0.93 | 0.75 | 0.45 | 2.89 |
Notes:
1. The above Financial results are recommended by the Audit Committee were considered and approved by the Board of Directors at their meeting held on 14.08.2019
2. The Standalone Financial results are reviewed by the Statutory Auditors of the Company as per Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (refer Note 4).
3. The limited review of unaudited financial results for the quarter ended 30th JUNE 2019 as required in terms of Clause 33 of SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015 has been carried out by predecessor auditors
4. The company makes Tax provision as per Minimum Alternate Tax (MAT) as per the provisions of Section 115JB of the Income Tax, 1961
5. Revenue from operations and Cost of Materials Consumed for the quarter ended 30th JUNE 2019 included provisions for revenue recognized at ☐ 1.78 crores and provision for expenses at ☐ 1.23 crores respectively.
6. Previous figures have been regrouped / rearranged where an area is not in use with the current period presentation.
S
L. S. M. B. D. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M.
a CMMI Level 3 Company
CA
Eswaraiah & Co. Chartered Accountants
6-2-969/304, Intech Residency, Khairatabad, Hyderabad-4
Ph: 040-23393434 e-mail: [email protected]
Website: http://escas.in
INDEPENDENT AUDITOR'S LIMITED REVIEW REPORT ON THE STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2019
TO THE BOARD OF DIRECTORS OF RAMINFO LIMITED
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We have reviewed the accompanying Statement of Standalone Unaudited financial results of RAMINFO LIMITED (“the Company”), for the Quarter ended June 30, 2019 (“the statement”) being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (“the Regulations”)
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This statement, which is the responsibility of the Company’s Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review.
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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 whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and, accordingly, we do not express an audit opinion.
Head Office :
HIG 36, Phase V,
KPHB Colony, Kukatpally,
Hyderabad - 500085, T.S.
Ph: 040-23390036
Vijayawada Branch :
D.No. 40-12-5/2, Ramaswamy Street,
Beside Ram’s Apartment, Patamatalanka,
Vijayawada - 520010, A.P.
Ph: +91-0440040500
Tirupati Branch :
D.No. 2-27/2/1, SSP DK Towers,
Flat No.05, Srinivasapuram
Tiruchanur Road,
Tiwari - 44-0001, J.K.
CA
Eswaraiah & Co. Chartered Accountants
6-2-969/304, Intech Residency, Khairatabad, Hyderabad-4
Ph: 040-23393434 e-mail: [email protected]
Website: http://escas.in
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Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement has not been prepared in accordance with the aforesaid Indian Accounting Standards 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 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.
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Emphasis of Matter:
We draw attention to the following matters in the Notes to the Statement:
(i) Note 5 to the Statement regarding billing and accounting of sales on provisional basis.
Our conclusion is not modified in respect of these matters.
For Eswaraiah & Co.,
Chartered Accountants
FRN: 006157S
G. Chandra Sekhar Reddy
Gottam Chandrasekhar Reddy
Partner
M No: 240580
UDIN: 19240580AAAABI4113
Place: Hyderabad
Date: 14/08/2019
Head Office :
HIG 36, Phase V,
KPHB Colony, Kukatpally,
Hyderabad - 500085, T.S.
Ph: 040-23390036
Vijayawada Branch :
D.No. 40-12-5/2, Ramaswamy Street,
Beside Ram's Apartment, Patamatalanka,
Vijayawada - 520010, A.P.
Ph: +91-9440046588
Tirupati Branch :
D.No. 2-27/2/1, SSP DK Towers,
Flat No.05, Srinivasapuram
Tiruchanur Road,
Tiruchanur, India