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JIGAR CABLES LIMITED Registered & Corporate Office
Plot No. 164/14 & 15, Jamwadi GIDC - 2
Gondal - 360 311 Dist. Rajkot (Gujarat) INDIA
= mugs = Tel : +91 2825 221422
WI RES & CABLES Web : www.sigmacab.com
E-mail : [email protected]
AN ISO 9001:2015 CERTIFIED COMPANY CIN No. : L28999GJ2017PLC095651
June 26, 2020
To
BSE Limited (SME Platform)
P. J. Towers,
Dalal Street,
Mumbai - 400 001.
Dear Sir,
Sub: Standalone and Consolidated Audited Financial Results for the quarter / year ended
March 31, 2020
Ref: Scrip Code: 540651 Security ID: JIGAR
With the captioned subject, this is to inform you that the meeting of the Board of Directors of
the Company was held today, June 26, 2020 has inter-alia:
1. Approved the Audited Financial Statements (Standalone and Consolidated) for the year
ended March 31, 2020 and the Audited Financial Results (Standalone and Consolidated) for
the quarter / year ended March 31, 2020
Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, we enclose the following:
1. Statement showing the Audited Standalone and Consolidated Financial Results for the Half
Year and Year ended March 31, 2020.
2. Auditor’s Report on the Audited Financial Results (Standalone and Consolidated) for the
Half year and Year ended on March 31, 2020.
3. Declaration in respect of Audited Report with Unmodified Opinion.
The Board Meeting is commended at 04:00 P.M. and concluded at 05:30 P.M.
Kindly acknowledge same and take on your records.
Thanking You.
For, JIGAR CABLES LIMITED
° L . Palgorde AQ
Compliance Officer & Company Secretary
Membership No.: A58477
Encls: a/a. # se
JIGAR CABLES LTD,
Plot No. 764/74 & 75, tomvadi GtDc - 2, Gondol - 360371. Dist.: Rdjkot (Gujarat), tNDtA.
CIN : 128999GJ2017P1C095651
Statement of Standalone Audited Results for the half year and year ended on March 3t, IOZO
Amt. Rs. ln lakhSr.
No.Pa rticu la rs Half vear ended on Year ended on
31-03-2020 30-09-2019 31-03-2020 31.03.2019(Audited) (Un-Audited) (Audited) (Audited)
L
2
4
5
6
7
8
9
10
11
12
13
1-4
15
16
3
L7
lncome from Operations(a) Net Sales / Income from Operations(b) Other Operating lncome
Total lncome from OperationsExpenses:(a) Changes in inventories of finished goods, work-in-
(b)
(c)
(d)
(e)
(f)
progress and Stock-in-TradeCost of materials consumed itPu rchases of Stock-in-TradeEmployee benefits expenseDepreciation and amortization expenseOther expensesTotal expenses
Profit / (loss) from Operations before, Other lncome,Finance costs and exceptional ltems ( 1 - 2 )Other lncome
Profit / (loss) from Ordinary Activities before, Finance costsand exceptional ltems ( 3 +4 )Finance costsProfit / (loss) after Finance costs but before,exceptional ltems (5 - 6)
Exceptional ltemsProfit / (loss) from Ordinary Activities before tax (7+8)Tax Expense
Net Profit / (loss) from ordinary Activities after tax (9-10)Extraordinary ltemsNet Profit / (Loss) for the period (11 + 12)Paid-up Equity Share Capital (F.V. of Rs. 10/- each)Reserve excluding Revaluation Reserves as per balance sheetof previous accounting yearEarnings per equity share (before extraordinary items) (of Rs.
10/- each) (annualised) (Amt. Rs.)(1) Bosic
(2)Diluted
Earnings per equity share (after extraordinary items)(of Rs. 10/- each) (annualised)
(1) Basic(2)Diluted
619.45 592.53 L,2L1..9g 2,018.75
619.45 592.53' L,zLL.98 2,O18.75
(118.28)
350.66
74.412L.7065.87
(1.40.67)
591.43
L9.492L.70
8L.24
(2s8.es)
942.09
278.49
33.9043.40
1,47.7L
191.61
1,528.93
41.3049.45
1,62.70334.36 573.19 1,185.04 L,973.99
285.09
30.48L9.3419.51
25.9449.99
44.7547.57
315.57].8.82
38.8518.34
75.93
37.1692.3340.06
296.75 20.51 38.77 52.27
296.7513.12
20.515.91
38.7719.03
52.2713.9s
283.63
0.66t4.60
0.04L9.74
0.7038.32
2.31284.29 L4.64 20.44 40.63703.20
4.044.04
4.04
4.04
703.20
0.2Lo.21
0.21
0.2L
703.20
668.32
0.29
0.29
0.29
0.29
703.20
647.88
0.580.58
0.58
0.s8
Notes
1 The above results were reviewed and recommended by Audit Committee, at the meeting held on June 26,2020 for approval by the Board and these results were approved and taken on record at the meeting of Boardof Director of the Company held on that date.
2 The Company is engaged in the Manufacturing and Sale of Electric wires and cables, and therefore, there areno separate reportable segment for the year ended March 31, zozo as per Accounting Standard 17on Segment reporting notified under the companies (Accounting Standard) Rule, 2014.
3 The Financial results have been prepared in accordance with the Accounting standard as notified undersection 133 of the Companies Act, 20L3 ("Act"), read with relevant rules issued there under and otheraccounting principles generally accepted in lndia as amended from time to time.
4 The figures for the half year ended on Marcli'3'J.,2020 are the balancing figures between audited figures inrespect of the full financial year 2019-20 and half year ended unaudited figure up to September 30, 2019
5 The previous period's figures have been regrouped/ rearranged / reclassified wherever necessary.6 There were no investor complaints pending /received during the period under review.7 The CovlD-1-9 pandemic is rapidly spreading throughout the world. The operations of the Company were
impacted, due to shutdown of plants and offices following nationwide lockdown by the Government of India.The Company has resumed operations in a phased manner as per directives from the Government of lndia.The company has evaluated impact of this pandemic on its business operations and financial position andbased on its review of current indicators of future economic conditions, there is no significant impact on itsfinancial statements as at March 31, 2020. However, the impact assessment of coVlD-19 is a continuingprocess given the uncertainties associated with its nature and duration and accordingly the impact may bedifferent from that estimated as at the date of approval of these financial statements. The company has orderfrom semi-government companies to comply in near future. The company will continue to monitor anymaterial changes to future economic conditions.
8 The above Financial Results are also available on our website www.sigmacab.com & stock exchange websitewww.bseindia.com.
For, Jigar Cables ltd.(Cl N : 128999GJ2017 pLC0756S 1)
,01,",flVijay phingata
(Managing Director)DIN:07662235
Place : GondalDate : 26-Jun e-2020
IIGAR CABLES LTD.Plot No. 764/14 & 75, lamvadi GtDc - 2, Gondar- 360311. Dist.: Rajkot (Gujorot), tNDtA.
CIN : 128999GJ2017p1C095651
statement of Assets and Liabilities (standalone) as at March 3L,2ozo
mt. Rs. ln Lakhs)rs as at as at
3L.O3.2020 31.03.2019(Audited) (Audited)
lt. ELlull Y ANL' LIABILtTtES
t-I
l(1) Shareholder's Funds
I lrt share capitat
I tUt Reserves and surplus
| (c) Money received against share warrants
lSub-totol - Shoreholder's Funds
l(2) Share application money pending allotment| (3) Non-Current Liabilities
I trt Long-term borrowings
| (b) Deferred tax liabilities (Net)
I (c) Other Long term liabilities
I (d) Long term provisions
lSu A-toto t - N on-Cu rre nt Li o bi I ities
| (4) Current Liabilities
I t.lShort-termborrowingsI (b) Trade payables
I t.l Other current liabilitiesI
| (d) Short-term provisions
lsub-totol - Current Liobilities
Total - EqutTY AND LIABtLtTtES
il. ASSETS
(1) Non-current assets(a) Property, Plant & Equipment
(i) Tangible assets(ii) tntangible assets(iii) Capital work-in-progress(iv) lntangible assets under development
(b) Non-current investmehts(c) Deferred tax assets (net)(d) Long term loans and advances(e) Other non-current assets
Sub-total - Non-current ossets(2) Current assets
(a) Cu rrent investments(b) lnventories(c) Trade receivables(d) Cash and cash equivalents(e) Short-term loans and advances(f) Other current assets
Sub-total - Current ossetsTotal - Assets
703.20
668.32703.20647.88
L,37L.52 1,351.09
16.98
t.62
3.27
31..47
(s.s1)
8.192L.87 33.75
262.1-5
423.66
19.7716.27
233.06130.75
52.5138.94
72L.85 455.262,LL5.24 1,840.09
21s.67
105.00.
424.0613.58
262.98
10s.00
436.45
22.88758.31 827.31
536.49466.69
14.96
330.288.51
310.58463.25
68.11760.77
10.o71,356,93 7,0L2.792,LL5,24 1,840.09
Place : GondalDate : 26-Jun e-2020
For, Jigar Cables Ltd.(Ct N : 128999GJ 20 17 p 1C09565 1)
*fi-flVijay bhfngata
(Managing Director)DIN:07662235
JIGAR CABLES LTD.
Plot No. 1"6411'4 & 15, Jamvadi GtDC - 2, Gondal - 3603i.1. Dist.: Rajkot (Gujarat), tNDtA.CIN : 128999GJ2017P1C095651
Audited cash Flow statement (standalone) for the hatf year ended on March 3t,2o2o
(Amt. Rs. ln Lakhs)Particu lars For the half year ended For the year ended
31.03.2020 30.09.2019 31.03.2020 31.03.2019l(A) Cash flow from Operatins Activities
a. Net Profit before tax and exceptional items
Adjustment for:Depreciation and amortizationFinance Costs
Extra Ordinary ltemslnterest lncome
b. Operating profit before working capital changesAdjustment for:
Chanses in Current Assets
I nventory
Trade Receivables
Short Term Loans & Advances
Other Current Assets
Other Non Current Assets
Chanses in Current Liabilities
Trade payables & Others
Long Term Provisions
Other Current Liabilities
Short Term Borrowings
Short Term Provisions
c. Cash generated from operationsDirect taxes paid/provided (net of Refund of Tax)
Net Cash flow/(used) from Operating ActivitiesCash flow from lnvestins Activities
Purchase of fixed assets
lncrease in lnvestmentsSale of Fixed Assets
Proceeds/(Repayment) of Loans & Advanceslnterest Received
Net Cash flow from lnvesting ActivitiesNet Cash flow from Financins Activities
Changes in Capital
Share Premium
Proceeds/(Repayment) of long term borrowingsDividend paid including Dividend taxFinance Costs - lnterest
Net Cash Flow from Financing ActivitiesNet increase in Cash & Cash eouivalents
Cash & Cash equivalents at beginning of the vearCash & Cash equivalents at end of the vear
Net lncrease in Cash & Cash equivalents
(B
(c)
(D)
L9.01
2L.70
18.82
(0.66)
{24.65\
20.47
21,.70
18.34(0.04)
{19.s1)
39.48
43.40
37.1_6
(0.70)
(44;L6\
54.58
49.45
40.06
2.3t(42.21.
34.21_
(100.e7)
(72.e3)
(r43.62)
(1.42)
r.5.07
285.04
{2.1s)(3.11)
7.27
32.77
40.96
(L24.94\
69.48(2s.8s)
8.98(s.77)
7.87(2.771
(2e.63)
21.82(3s.17)
75.17
(22s.91\
(3.4s)
(169.s1)
1.56
9.30
292.9L
(4.e21
(32.74)
29.09
(2.40\
104.L9
158.11(223.s2)
80.03(0.61)
92.17
113.20
2.32
32.33
(32.81)
(4.23\44.1,6
(41.e0)
(7s.06)
27.O8
(30.90)
{1-4.82\
321.18
(L.72
2.26
0.01
0.00
4.9t2L.18
24.65
l47.e&l
(0.44)
0.00
0.13(8.7e)
19,51
(0.43)
0.00
s.04
12.39
44.16
721l4s. 319.45
(s8.73)
(100.00)
o.77(134.43)
42.2150.75
0.00
0.00(s.83)
(16.ss)
(18.82)
10.41
0.00
0.00(8.6s)
0.00(18.34)
61.16
0.00
0.00(14.48)
(16.9s)
(37.16)
(2s0. 18
0.00
0.00(24.06
0.00(40.06
(41.60) 126.99 {68.ss) (64.r2"lL.4t (64.s5 (s3.1s) 5.16
3.s5
t4.9668.11
3.55
68.11
L4.96
62.95
58.11Lt.4t (64.s5, (s3.1sl 5.16
( M. N. MANVAR & CO. saat Cs CHARTERED ACCOUNTANTS
504, Star Plaza, Near Circuit House, Phulchhab Chowk, Rajkot - 360 001.
Phone : (0281) 6627070 / 2455750 E-mail : [email protected]
Independent Auditor’s Report on the Half Yearly and Year to Date Audited Financial results of
the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, as amended ;
To,
The Board of Directors of
JIGAR CABLES LIMITED
Gondal
Report on audit of the Standalone Financial Results :
Opinion:
We have audited the accompanying Statement of Standalone financial results of Jigar Cables
Limited ("the Company") for the year ended 31st March 2020, ("The Statement"), being
submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulation”) as
modified by circular no. CIR/CFD/FAC/62/2016 dated July 5, 2016.
In our opinion and to the best of our information and according to the explanations given to
us these financial results:
(i) are presented in accordance with the requirements of Regulation 33 of the Listing
Regulations in this regard; and
(ii) give a true and fair view in conformity with the recognition and measurement principles
laid down in the applicable accounting standards and other accounting principles
generally accepted in India of the net loss and other financial information for the half year
ended March 31, 2020 as well as the year to date results for the period from April 1, 2019
to March 31, 2020.
Basis for Opinion :
We conducted our audit in accordance with the Standards on Auditing issued by the Institute
of Chartered Accountants of India and as specified under section 143(10) of the Companies
Act, 2013 (the act). Our responsibilities under those Standards are further described in the
Auditor’s Responsibilities for the Audit of the Financial Results section of our report. We are
independent of the Company in accordance with the Code of Ethics issued by the Institute of
Chartered Accountants of India together with the ethical requirements that are relevant to
our audit of the financial results under the provisions of the Companies Act, 2013 and the
Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with
these requirements and the Code of Ethics. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Management’s Responsibilities for the Financial Results :
These half yearly financial results as well as the year to date financial results have been
prepared on the basis of the interim financial statements. The Company's Board of Directors
are responsible for the preparation of these financial results that give a true and fair view of
eS,
\M. N. MANVAR & CO. Ti ee a CHARTERED ACCOUNTANTS
504, Star Plaza, Near Circuit House, Phulchhab Chowk, Rajkot - 360 001 Phone : (0281) 6627070 / 2455750 E-mail : [email protected]
the net loss and other financial information in accordance with the recognition and
measurement principles laid down in Accounting Standards prescribed under Section 133 of
the Act read with relevant rules issued thereunder and other accounting principles generally
accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with
the provisions of the Act for safeguarding of the assets of the Company and for preventing
and detecting frauds and other irregularities; selection and application of appropriate
accounting policies; making judgments and estimates that are reasonable and prudent; and
design, implementation and maintenance of adequate internal financial controls that were
operating effectively for ensuring the accuracy and completeness of the accounting records,
relevant to the preparation and presentation of the financial results that give a true and fair
view and are free from material misstatement, whether due to fraud or error.
In preparing the financial results, the Board of Directors are responsible for assessing the
Company’s ability to continue as a going concern, disclosing, as applicable, matters related to
going concern and using the going concern basis of accounting unless the Board of Directors
either intends to liquidate the Company or to cease operations, or has no realistic alternative
but to do so.
The Board of Directors are also responsible for overseeing the Company’s financial reporting
process.
Auditor’s Responsibilities for the Audit of the Financial Results :
Our objectives are to obtain reasonable assurance about whether the financial results as a
whole are free from material misstatement, whether due to fraud or error, and to issue an
auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance,
but is not a guarantee that an audit conducted in accordance with SAs will always detect a
material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users taken on the basis of these standalone financial
results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain
professional skepticism throughout the audit. We also:
e Identify and assess the risks of material misstatement of the financial results, whether due
to fraud or error, design and perform audit procedures responsive to those risks, and
obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.
The risk of not detecting a material misstatement resulting from fraud is higher than for
one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
e Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the company’s internal control.
(—~r_\M. N. MANVAR & CO. ee eee CS CHARTERED ACCOUNTANTS
504, Star Plaza, Near Circuit House, Phulchhab Chowk, Rajkot - 360 001.
Phone : (0281) 6627070 / 2455750 E-mail : [email protected]
e Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by the Board of Directors.
e Conclude on the appropriateness of the Board of Directors’ use of the going concern basis
of accounting and, based on the audit evidence obtained, whether a material uncertainty
exists related to events or conditions that may cast significant doubt on the Company’s
ability to continue as a going concern. If we conclude that a material uncertainty exists,
we are required to draw attention in our auditor’s report to the related disclosures in the
financial results or, if such disclosures are inadequate, to modify our opinion. Our
conclusions are based on the audit evidence obtained up to the date of our auditor’s
’ report. However, future events or conditions may cause the Company to cease to
continue as a going concern.
e Evaluate the overall presentation, structure and content of the financial results, including
the disclosures, and whether the financial results represent the underlying transactions
and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any significant
deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with
relevant ethical requirements regarding independence, and to communicate with them all
relationships and other matters that may reasonably be thought to bear on our
independence, and where applicable, related safeguards.
Other Matter :
The Statement includes the results for the half year ended March 31, 2020 being the balancing
figure between the audited figures in respect of the full financial year ended March 31, 2020
and the published unaudited year-to-date figures up to the first half year of the current
financial year, which were subjected to a limited review by us, as required under the Listing
Regulations.
For, M. N. Manvar & Co.,
Chartered Accountants
F.R.N. 106047W
T bene [> (M. N. Manvar )
Proprietor
Membership No. 036292
Date : 26-June-2020
Place : Gondal
UDIN : 20036292AAAADH3005
JIGAR CABLES LTD.
Plot No. 154/14 & 75, lomvodi ctDc - 2, Gondal- 360377. Dist.: Rajkot (Gujarat), tNDtA.
CIN : 128999GJ2017P1C095651
statement of Audited consolidated Results for half year & year Ended on March zL,2ozo
in t E,P.S,
Sr.
#Particulars
for the Six
Monthsended on
for the Six
Monthsended on
for the Year
ended on
for the Year
ended on
30-09-2019 31-03-2020 31-03-2020 31-03-20L9(un-audited) (Audiied) (Audited) (Audited)
L
4
5
5
7
B
9
10
11
12
13
1"4
l-5
16
2
3
17
lncome from Operations(a) Net Sales / lncome from Operations(b) Other Operating lncome
Total lncome from OperationsExpenses:(a) Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade(b) Cost of materials consumed(c) Purchases of Stock-in-Trade(d) Employee benefits expense(e) Depreciation and amortization expense ii(f) Other expenses
Total expenses
Profit / (loss) from Operations before, Other lncome, Financecosts and exceptional ltems ( 1 - 2 )Other lncome
Protit / (loss) from Ordinary Activities before, Finance costs andexceptional ltems ( 3 +4 )
Finance costs
Profit / (loss) after Finance costs but before, exceptional ltems(s-6)Exceptional ltemsProlit / (loss) from Ordinary Activities before tax(7+8)Tax Expense
Net Profit / (loss) from Ordinary Activities after tax(9-10)Extraordinary ltemsNet Profit / (Loss) for the period (11 + 12)Paid-up Equity Share Capital fF.y. of Rs. 1-0/- each)Reserve excluding Revaluation Reserves as per balance sheet ofprevious accounting year
Earnings per equity share (before extraordinary items)(of Rs. 10/- each)
(1) Bosic(2) Diluted
Earnings per equity share (after extraordinary items)(of Rs. 10/- each)
(1) Bosic(2) Diluted
702.42 668.76 1,371,.t8 2,1,52.08
702.42 658.76 1,371.!8 2,1'52.O8
(93.13
607.65
21,.44
31.66
94.67
(183.3e)
442.11278.49
17.88
31.6571_.00
(276.s2l|
L,049.82
278.49
39.32
63.31L65.67
150.78
I,627.05
51.86
72.87
182.62662.29 657.80 1,320.09 2,O85.12
40.13 10.95 51.09 66.9619.85 24.31 44.76 46.36
59.9825.53
35.2725.08
95.2550.61
113.32
49.87
34.45
0.04
10.19 44.64 63.45
34.41 1.0.19
20.8344.64
20.8363.45
18.2334.41 (10.64)
o.7023.81
0.7045.22
2.31,34.41 (e.e4l 24.57 47.53
703.20
0.490.49
0.49
0.49
703.20
(0.14)
(0.14)
(0.14)(0.14)
703.20
684.40
0.35
0.35
0.350.3s
103.20
6s9.88
0.68
0.58
0.68
0.68
Notes :
1 The above results were reviewed and recommended by Audit Committee, at the meeting held on June 26,2020for approval by the Board and these results were approved and taken on record at the meeting of Board ofDirector of the Company held on that date.
2 The consolidation financial statement comprises of Jigar Cable Limited, a Holding Company and lts SubsidiaryCompany, Jigar Polymers Pvt. Ltd.
3 The Company is engaged in the Manufacturing and Sale of Electric wires and cables, and therefore, there are noSeparate reportable segment for the year ended March 31, 2020 as per Accounting Standard L7 on Segmentreporting notified under the companies (Accounting Standard) Rule, 2014.
4 The Flnancial results have been prepared in accordance with the Accounting Standard as notified under section133 of the Companies Act,2013 ("Act"), read with relevant rules issued there under and other accountingprinciples generally accepted in lndia as amended from time to time.
5 The figures for the half year ended on March 31, 2020 are the balancing figures between audited figures inrespect ofthe full financial year 2Q19-20 and halfyear ended unaudited figure up to September 30, 2019.
6 The previous period's figures have been regrouped/ fearranged / reclassified wherever necessary.7 There were no investor complaints pending /received during the period under review.8 The COVID-19 pandemic is rapidly spreading throughout the world. The operations of the Company were
impacted, due to shutdown of plants and offices following nationwide lockdown by the Government of lndia.The Company has resumed operations in a phased manner as per directives from the Government of India. TheCompany has evaluated impact of this pandemic on its business operations and financial position and based onits review of current indicators of future econBmic conditions, there is no significant impact on its financialstatements as at March 31,2020. However, the impact assessment of COVID-19 is a continuing process giventhe uncertainties associated with its nature and duration and accordingly the impact may be different from thatestimated as at the date of approval of these financial statements. The company has order from semi-government companies to comply in near future. The Company will continue to monitor any material changesto future economic conditions.
9 The above Financial Results are also available on our website www.sigmacab.com & stock exchange websitewww.bseindia.com.
For, Iigar Cables Ltd( Ct N : L2 8999GJ 2012 p LC0g5 65 1)
*BuVijay Shingata
(Managing Director)DIN:07662235
Place : GondalDate: 26June-2020
JIGAR CABLES LTD.Plot No. 164/14 & 75, Jomvodi GtDc - 2, Gondol- g60911. Dist.: Rajkot (Gujarot), rNDtA.
CIN : 128999GJ2017P1C095651
Statement of Assets and Liabilities (Consolidated) as at March 3t,2O2O
in'Lakhs
Particularsas at as at
31-03-2020 31-03-2019(Audited) (Audited)
I. EQUITY AND LIABILITIES
(1) Shareholder's Funds(a) Share Capital(b) Reserves and Surplus(c) Money received against share warrants
Sub-totol - Shoreholder's Funds(2) Share application money pending allotment(3) Non-Current Liabilities
(a) Long-term borrowings(b) Deferred tax liabilities (Net)(c) Other Long term liabilities(d) Long term provisions
Sub-totol - Non-Current Liobilities *(4) Current Liabilities
(a) Short-term borrowings(b) Trade payables(c) Other current liabilities(d) Short-term provisions
Sub-totol - Current LiabilitiesTotal - EQUITY AND LIABILITIES
II. ASSETS
(1) Non-current assets(a) Fixed ossets
(i) Tangible assets(ii) lntangible assets(iii) Capital work-in-progress(iv) lntangible assets under development
(b) Non-current investments(c) Deferred tax assets (net)(ii) Long term loans and advances(e) Other non-current assets
Sub-totol - Non-current ossets(2) Current assets
(a) Current investments(b) lnventories(c) Trade receivables(d) Cash and cash equivalents(e) Short-term loans and advances(f) Other current assets
Sub-totol - Current ossetsTotal - Assets
703.20684.40
703.20
659.88
1,387.60 1,363.08
90.37
3.27
131,.97
8.1993.64 140.16
262.1_5
473.6462.57
20.42
233.06
220.26
663.s044.94
818.78 I,167.762,300.02 2.665.00
41,1,.67
(2-..201
424.06L5.26
478.83
4.82
439.47
25.L2848.73 948.24
666.21
645.561,8.79
116.98
3.15
399.39
616.15
75.97
620.584.57
L,45L.29 1,716.762,300.o2 2,665.00
Place : GondalDate:26-June-2020
For, Jigar Cables Ltd(cr N : L28ss;GJ20lJpLco;s6s1)
rilqVijaylShingala
(Managing Director)DIN:07662235
JIGAR CABTES LTD.
Plot No. 1,64/1,4 & 15, Jamvadi GtDC - 2, Gondal - 360311. Dist.: Rajkot (Gujarat), tNDtA.CIN : 128999GJ2017P1C095651
Audited Cash Flow Statement (Consolidated) for the hatf year ended on March iiL,2OZO
(Amt. Rs. ln Lakhs)Particulars For the year ended
31.03.2020 31.03.2019Cash flow from Operatine Activitiesa. Net Profit before tax and exceptional items
Adjustment for:Depreciation and amortizationFinance Costs
Extra Ordinary ltems
lnterest lncome
b. Operating profit before working capital changes
Adjustment for:Changes in Current Assets
lnventoryTrade Receivables
Short Term Loans & Advances
Other Current Assets
Other Non Current Assets
Chanees in Current Liabilities
Trade payables & OthersLong Term Provisions
Other Current Liabilities
Short Term Borrowings
Short Term Provisionsc. Cash generated from operations
Direct taxes paid/provided (net of Refund ofTax)Net Cash flow/(used) from Operating ActivitiesCash flow from lnvestine Activities
Purchase of fiied assets
lncrease in lnvestments
Sale of Fixed Assets
Proceeds/(Repayment) of Loans & Advanceslnterest Received
Net Cash flow from !nvesting ActivitiesNet Cash flow from Financine Activities
Changes in Capital
Share Premium
Proceeds/(Repayment) of long term borrowingsDividend paid including Dividend taxFinance Costs - lnterest
Net Cash FIow from Financing ActivitiesNet increase in Cash & Cash equivalents
Cash & Cash eguivalents at end ofthe veartlet tncrease in Cas
(A)
(B)
(c)
(D)
45.35
63.31
50.94(0.70)
(44.16\
65.76
72.81.
49.87
2.31,
(42.32)
1_14.14
(266.82)
(2e.40)
502.84
1.66
9.86
253.38
(4.s2)(600.e3)
29.09(Ie.17)
L48.43
186.52
(s1s.s3)
(360.e4)
4.15
89.93
1.82.99
2,32
626.1,8
(32.81)
(4.63)
(e.67)
(1e.1s)326.61,
(1".72)
(28.82)
(0.43)
0.00
5.04
15.4r.
44.1.6
324.89
(L76.37)
0.00
0.77
(134.42)
42.32
64.18
0.00
0.00(41.60)
0.00(s0.e4)
(257.70',)
0.00
0.00(2.s3
0.00(4e.87
(s2.s4) (s2.80
(s7.18) 4.39
75.97
L8.79
71,.58
7s.97(s7.18) 4.39
M. N. MANVAR & CO. OHA ee A CHARTERED ACCOUNTANTS
504, Star Plaza, Near Circuit House, Phuichhab Chowk, Rajkot - 360 001 Phone : (0281) 6627070 / 2455750 E-mail : [email protected]
INDEPENDENT AUDITOR'S REPORT
TO THE BOARD OF DIRECTORS OF JIGAR CABLES LIMITED
1. We have audited the accompanying Statement of Consolidated financial results of Jigar
Cables Limited ("the Parent") and its subsidiary (the parent and its subsidiary together
referred to as “the Group”) for the year ended 31st March 2020, ("The Statement"), being
submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulation”) as
modified by circular no. CIR/CFD/FAC/62/2016 dated July 5, 2016.
2. This Statement, which are the responsibility of the Parent’s Management and approved
by the Board of Directors. This statement has been compiled and prepared in accordance
with section 133 and Schedule III of the Companies Act, 2013 read with Rule 7 of the
Companies (Accounts) Rules, 2014 (as amended) and other accounting principles
generally accepted in India. Our responsibility is to express an opinion on the statement
based on our audit of such consolidated financial statements.
3. We conducted our audit in accordance with the Standards on Auditing issued by the
Institute of Chartered Accountants of India. Those standards require that we comply with
ethical requirements and plan and perform the audit to obtain reasonable assurance
about whether the statement is free from material misstatement.
4. An audit involves performing procedures to obtain evidence about the amounts and the
disclosures in the statement. The procedure selected depend on the auditor’s judgement,
including the assessment of the risks of material misstatements of the statement whether
due to fraud or error. In making those risk assessments, the auditor considers internal
financial controls relevant to the company’s preparation and fair presentation of the
statement in order to design audit procedures that are appropriate in the circumstances,
but not for the purpose of expressing an opinion on the effectiveness of the Parent’s
internal financial control. An audit also includes evaluating the appropriateness of the
accounting policies used and the reasonableness of the significant accounting estimates
made by management, as well as evaluating the overall presentation of the Statement.
We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our opinion.
5. In our opinion and to the best of our information and according to the explanations given
to us, the Statement;
(i) is presented in accordance with the requirements of Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified
by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016 and Sd)
PNVAA NY Aa) Y 2/ wen : 028292 \-
(Freee OL
| M. N. MANVAR & CO. ST ren CHARTERED ACCOUNTANTS
504, Star Plaza, Near Circuit House, Phulchhab Chowk, Rajkot - 360 001. Phone : (0281) 6627070 / 2455750 E-mail : [email protected]
(ii) gives a true and fair view in conformity with the aforesaid Accounting Standards
and other accounting principles generally accepted in India of the net profit and
other financial information of the Group for the year ended 31% March 2020.
(iii) includes the results of Jigar Polymers Limited (Subsidiary Company).
for M. N. Manvar & Co.,
Chartered Accountants
F.R.N. 106047W
Date : 26-June-2020
Place : Gondal
(M. N. Manvar )
Proprietor
~ Membership No. 036292
UDIN : 20036292AAAADG9918
WIRES & CABLESAN ISO 9001:2015 CERTIFIED COMPANY
,IGAR CABLES LIMITEDRegistered & Corporate OfficePlot No. 164114 & 15, Jamwadi GIDC - 2
Gondal - 360 311 Dist. Rajkot (Gujarat) INDIA
Tel: +91 2825221422
Web :www.sigmacab.com
E-mail : [email protected]
CIN No. : 128999GJ2017P1C09565'1
lune 26,2020
To,
BSE Limited (SME Platform)P. J. Towers,
Dalal Street, Fort,Mumbai- 400 001.
Dear Sir,
Sub: Declaration pursuant to regulation 33 (3Xd) of the SEBI (Listing obligations andDisclosure Requirements) Regulations, 2015
Ref: Scrip Code: 540651Security lD: JIGAR
Pursuant to Regulation 33(3Xd) of the sEBl (Listing obligations and DisclosureRequirements) Regulations, 2015 as amended by SEBI Circular No. CtR/CF.D156/2016 datedMay 27 , 20L6. We hereby confirming and declare that, M/s. M. N. Manvar & Co., CharteredAccountants, Rajkot (FRN: 0106o47w) Statutory Auditor of the Company have issued anAudit Report with the Unmodified opinion on the Financial Results for the Half year andYear ended March 3L,2020.
Kindly acknowledge and take the above declaration on your records.
Thanking You.
FoT, JIGAR CABLES LIMITED
Managing Director(DIN:076622351
JIGAR CABLES LIMITED Registered & Corporate Office
Plot No. 164/14 & 15, Jamwadi GIDC - 2
Gondal - 360 311 Dist. Rajkot (Gujarat) INDIA
= mugs a Tel : +91 2825 221422
WI RES & CAB LES Web : www.sigmacab.com
E-mail : [email protected]
AN ISO 9001:2015 CERTIFIED COMPANY CIN No. : L28999GJ2017PLC095651
June 26, 2020
To
BSE Limited (SME Platform)
P. J. Towers,
Dalal Street,
Mumbai - 400 001.
Dear Sir,
Sub: Outcome of Board Meeting
Ref: Scrip Code: 540651 Security ID: JIGAR
With the captioned subject, this is to inform you that the meeting of the Board of Directors
of the Company was held today, June 26, 2020 has inter-alia:
1. Approved the Audited Financial Statements (Standalone and Consolidated) for the year
ended March 31, 2020 and the Audited Financial Results (Standalone and Consolidated)
for the quarter/year ended March 31, 2020.
The Board Meeting is commended at 04:00 P.M. and concluded at 05:30 P.M.
Kindly acknowledge and take the same on your records.
Thanking You.
CS Priyanka K. Marvania
Compliance Officer & Company Secretary
Membership No.: A58477
