Rasi Electrodes 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
NOTES:
1.The above audited results for the quarter and year ended 31st March 2021 were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 30th June 2021.
2.The Company has identified WELDING ELECTRODES AND CCMS WIRE as its only primary reportable segment in accordance with requirements of IND AS 108, 'Operating segments'.Accordingly, no seperate segment information has been provided.
3.The financial results of the company have been prepared in accordance with the Indian Accounting Standards (“Ind AS”) as prescribed under section 133 of the Companies Act, 2013, read with Companies (Indian Accounting Standards) Rules, 2015, as amended.
4.The Figures of the quarter ended 31-03-2021 & 31-03-2020 are the balancing figures between the audited figures of full financial year and the published unaudited year to date figures upto third quarter of the respecitve financial year.
5.The company's operations was severely impacted in the first half of FY-2020-21 due to lockdown related restrictions arising out of COVID-19. The operations have stabilised during the half year ended March 31,2021. In view of resurgence of COVID19 and continuing lockdown, the future impact on the operations of the company and consequently, the financial performance could not be determined with reasonable certainty.
6.The Statement of Assests and Liabilities as on 31.03.2021 is as under:
7.The Cashflow Statement for the year ended 31st March 2021 is also enclosed.