General information about company

Scrip code523351
NSE Symbol
MSEI Symbol
ISIN*INE888N01013
Name of companySTANDARD SHOE SOLE AND MOULD (INDIA) LTD
Type of company
Class of securityEquity
Date of start of financial year01-04-2018
Date of end of financial year31-03-2019
Date of board meeting when results were approved30-05-2019
Date on which prior intimation of the meeting for considering financial results was informed to the exchange21-05-2019
Description of presentation currencyINR
Level of rounding used in financial resultsLakhs
Reporting QuarterYearly
Nature of report standalone or consolidatedStandalone
Whether results are audited or unauditedAudited
Segment ReportingSingle segment
Description of single segmentBusiness in Footwear, Leatherwear, Leather Article, Fashion Wears, Shoe Component, Moulds, etc.
Start date and time of board meeting30-05-2019 14:30
End date and time of board meeting30-05-2019 17:15
Declaration of unmodified opinion or statement on impact of audit qualificationDeclaration of unmodified opinion



Financial Results Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-01-201901-04-2018
BDate of end of reporting period31-03-201931-03-2019
CWhether results are audited or unauditedAuditedAudited
DNature of report standalone or consolidatedStandaloneStandalone
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1Income
Revenue from operations014.86
Other income00
Total income014.86
2Expenses
(a)Cost of materials consumed00
(b)Purchases of stock-in-trade013.37
(c)Changes in inventories of finished goods, work-in-progress and stock-in-trade00
(d)Employee benefit expense 2.557.54
(e)Finance costs00
(f)Depreciation, depletion and amortisation expense00
(f)Other Expenses
1Audit Fees0.6250.625
2Consultancy charges1.251.5
3Customs Duty36.35336.353
4Impairment Loss on Investment2.272.27
5Filing and Professional Fees0.3191.123
6Interest & penalty0.6460.673
7RTA Fees0.3190.319
8Listing Fees02.5
9E-Voting and Depository Charges00.381
10General Expenses0.4560.927
Total other expenses42.23846.671
Total expenses44.78867.581

Financial Results Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-01-201901-04-2018
BDate of end of reporting period31-03-201931-03-2019
CWhether results are audited or unauditedAuditedAudited
DNature of report standalone or consolidatedStandaloneStandalone
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
3Total profit before exceptional items and tax-44.788-52.721
4Exceptional items 00
5Total profit before tax-44.788-52.721
7Tax expense
8Current tax00
9Deferred tax00
10Total tax expenses00
11Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement00
14Net Profit Loss for the period from continuing operations-44.788-52.721
15Profit (loss) from discontinued operations before tax00
16Tax expense of discontinued operations00
17Net profit (loss) from discontinued operation after tax00
19Share of profit (loss) of associates and joint ventures accounted for using equity method00
21Total profit (loss) for period-44.788-52.721
22Other comprehensive income net of taxes00

Financial Results Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-01-201901-04-2018
BDate of end of reporting period31-03-201931-03-2019
CWhether results are audited or unauditedAuditedAudited
DNature of report standalone or consolidatedStandaloneStandalone
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
23Total Comprehensive Income for the period-44.788-52.721
24Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
25Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent00
Total comprehensive income for the period attributable to owners of parent non-controlling interests00
26Details of equity share capital
Paid-up equity share capital518.15518.5
Face value of equity share capital1010
27Details of debt securities
28Reserves excluding revaluation reserve-463.7
29Earnings per share
iEarnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations-0.86-1.02
Diluted earnings (loss) per share from continuing operations-0.86-1.02
iiEarnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations00
Diluted earnings (loss) per share from discontinued operations00
iiEarnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations-0.86-1.02
Diluted earnings (loss) per share from continuing and discontinued operations-0.86-1.02
30Debt equity ratio
31Debt service coverage ratio
32Interest service coverage ratio
33Disclosure of notes on financial resultsTextual Information(1)

Text Block

Textual Information(1)Notes :
1) The financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016. The Company adopted Ind AS from 1st April, 2017, and accordingly, these financial results have been prepared in accordance with Ind AS as prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India.

2) The above Audited Financial Results for the quarter and Year ended 31st March, 2019 were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on 30TH May, 2019.

3) Ind AS 115 "Revenue from Contracts with Customers" mandatory for the reporting periods beginning on or after April 01, 2018 replaces the existing revenue recognition requirements . The Company has elected the option of modified retrospective approach for adoption and it did not have any significant impact on the overall results of the Company.

4) This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Limited Review of the Audited Financial Results for the quarter ended 31st March, 2019, as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been carried out by the Statutory Auditors of the Company.

5) The Company has only single Reporting Business Segment in accordance with Ind AS - 108

6) The Company has not received any information from the vendors so as to their status under the Micro, Medium and Small Enterprise Development Act, 2006 and hence amount outstanding and interest paid/payable to them under this Act is considered to be 'Nil'.

7) The figures for the quarter ended 31ST March, 2019 and 31ST March, 2018 are the balancing figures between the audited figures in respect of full financial year and the published year to date figures upto the 3RD quarter of the relevant financial year.

8) Other expenses in quarter ending Mar-2019 and Year ending Mar-2019 include Rs. 36,35,288, an impact of pending litigation relating to Customs duty.

9) The figures of the earlier periods have been regrouped and rearranged wherever necessary to make them comparable with the current period.




Statement of Asset and Liabilities

ParticularsCurrent year ended (dd-mm-yyyy)
Date of start of reporting period01-04-2018
Date of end of reporting period31-03-2019
Whether results are audited or unauditedAudited
Nature of report standalone or consolidatedStandalone
Assets
1 Non-current assets
Property, plant and equipment0
Capital work-in-progress0
Investment property0
Goodwill0
Other intangible assets0
Intangible assets under development0
Biological assets other than bearer plants0
Investments accounted for using equity method0
Non-current financial assets
Non-current investments0.02
Trade receivables, non-current0
Loans, non-current0
Other non-current financial assets0
Total non-current financial assets0.02
Deferred tax assets (net)0
Other non-current assets0.27
Total non-current assets0.29
2Current assets
Inventories0
Current financial asset
Current investments0
Trade receivables, current129.88
Cash and cash equivalents0.22
Bank balance other than cash and cash equivalents0
Loans, current11.34
Other current financial assets0
Total current financial assets141.44
Current tax assets (net)0
Other current assets1.82
Total current assets143.26

Statement of Asset and Liabilities

ParticularsCurrent year ended (dd-mm-yyyy)
Date of start of reporting period01-04-2018
Date of end of reporting period31-03-2019
Whether results are audited or unauditedAudited
Nature of report standalone or consolidatedStandalone
3Non-current assets classified as held for sale0
4Regulatory deferral account debit balances and related deferred tax Assets0
Total assets143.55
Equity and liabilities
Equity
Equity attributable to owners of parent
Equity share capital518.15
Other equity-463.7
Total equity attributable to owners of parent54.45
Non controlling interest
Total equity54.45
Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current0
Trade payables, non-current0
Other non-current financial liabilities0
Total non-current financial liabilities0
Provisions, non-current0
Deferred tax liabilities (net)0
Deferred government grants, Non-current0
Other non-current liabilities0
Total non-current liabilities0
Current liabilities
Current financial liabilities
Borrowings, current0
Trade payables, current7.75
Other current financial liabilities0
Total current financial liabilities7.75
Other current liabilities70.83
Provisions, current10.52
Current tax liabilities (Net)0
Deferred government grants, Current0
Total current liabilities89.1
3Liabilities directly associated with assets in disposal group classified as held for sale0
4Regulatory deferral account credit balances and related deferred tax liability0
Total liabilities89.1
Total equity and liabilites143.55
Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results

Particulars3 months/ 6 month ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period01-01-201901-04-2018
Date of end of reporting period31-03-201931-03-2019
Whether accounts are audited or unaudited
Nature of report standalone or consolidatedStandaloneStandalone
1Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3(Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments