Camex Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2021
1 The above results for the quarter and year ended March 31, 2021 have been prepared in accordance with lndian Accounting Standards ('lnd AS') notified under Section 133 of the Companies Act 2013, read together with the Companies (lndian Accounting Standards) Rules, 2015, as amended and have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on June 5, 2021.The Statutory Auditor has expressed an unmodified opinion on the above results.
2 Due to outbreak of COVID 19 globally and in lndia, The Company has taken into account the possible impact of COVID-19 in preparation of the audited standalone financial results, including its assessment of recoverable value of its assets based on internal and external information upto the date of approval of these results and current indicators of future economic conditions. Due to the nature of the pandemic, the Company will continue to monitor developments to identify significant uncertainties relating to revenue in future periods.
3 Segment wise Reporting in accordance with Ind As 108 is given Separately.
4 Additional disclosure as per Regulation 52(4) of securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation 2015:
(a) Credit Rating IND BB /Stable
(b) Debt Equity Ratio (No. of Times) 0.53 Times
(c) Debt Service Coverage Ratio (No. of Times) 4.68 Times
(d) Interest Service Coverage Ratio (No. of Times) 6.67 Times
(f) Formula for computation of ratios are as under :
Debt Equity Ratio (No. of Times) Total Debt/ Equity
Debt Service Coverage Ratio (No. of Times) Earnings before Interest,Tax,Depreciation & amortisation /
Interest Expenses + Principal Repayments made during the year of long term loans
Interest Service Coverage Ratio (No. of Times) Earnings before Interest,Tax,Depreciation & amortisation / Interest Expenses
5 The Code on Social Security, 2020 ('Code') relating to employee benefits during employment and post-employment benefits received Indian Parliament approval and Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective.
6 The figures for the quarter ended March 31, 2021 and March 31, 2020 are balancing figures between the audited figures of the full financial year and the reviewed year-to-date figures upto the third quarter ofthe respective financial years.
7 Figures for the previous periods have been regrouped/ reclassified to the classification of current period wherever necessary.