General information about company

Scrip code509423
NSE Symbol
MSEI Symbol
ISIN*INE367E01033
Name of companySanathnagar Enterprises Limited
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 approved15-05-2019
Date on which prior intimation of the meeting for considering financial results was informed to the exchange29-04-2019
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 segmentThe Company is into Real Estate Business
Start date and time of board meeting15-05-2019 16:00
End date and time of board meeting15-05-2019 20:00
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 operations1.6568.1
Other income13.7819.06
Total income15.4387.16
2Expenses
(a)Cost of materials consumed00
(b)Purchases of stock-in-trade00
(c)Changes in inventories of finished goods, work-in-progress and stock-in-trade00
(d)Employee benefit expense 2.4715.74
(e)Finance costs01.8
(f)Depreciation, depletion and amortisation expense1.052.37
(f)Other Expenses
1Other Expenses43.92182.87
10
Total other expenses43.92182.87
Total expenses47.44202.78

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-32.01-115.62
4Exceptional items 00
5Total profit before tax-32.01-115.62
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-32.01-115.62
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-32.01-115.62
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-32.01-115.62
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 capital315315
Face value of equity share capital1010
27Details of debt securities
28Reserves excluding revaluation reserve0
29Earnings per share
iEarnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations-1.02-3.67
Diluted earnings (loss) per share from continuing operations-1.02-3.67
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-1.02-3.67
Diluted earnings (loss) per share from continuing and discontinued operations-1.02-3.67
30Debt equity ratio
31Debt service coverage ratio
32Interest service coverage ratio
33Disclosure of notes on financial results

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 equipment4.89
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
Trade receivables, non-current0
Loans, non-current0
Other non-current financial assets0
Total non-current financial assets0
Deferred tax assets (net)
Other non-current assets600.37
Total non-current assets605.26
2Current assets
Inventories98.34
Current financial asset
Current investments0
Trade receivables, current49.92
Cash and cash equivalents5.48
Bank balance other than cash and cash equivalents0
Loans, current0
Other current financial assets
Total current financial assets55.4
Current tax assets (net)
Other current assets
Total current assets153.74

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 sale
4Regulatory deferral account debit balances and related deferred tax Assets
Total assets759
Equity and liabilities
Equity
Equity attributable to owners of parent
Equity share capital315
Other equity-1530.97
Total equity attributable to owners of parent-1215.97
Non controlling interest
Total equity-1215.97
Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current0
Trade payables, non-current
Other non-current financial liabilities
Total non-current financial liabilities0
Provisions, non-current0
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities0
Current liabilities
Current financial liabilities
Borrowings, current1592.87
Trade payables, current72.72
Other current financial liabilities271.53
Total current financial liabilities1937.12
Other current liabilities37.85
Provisions, current0
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities1974.97
3Liabilities directly associated with assets in disposal group classified as held for sale
4Regulatory deferral account credit balances and related deferred tax liability
Total liabilities1974.97
Total equity and liabilites759
Disclosure of notes on assets and liabilitiesTextual Information(1)

Text Block

Textual Information(1)1. The audited financial results of Sanathnagar Enterprises Limited ("the Company") for the quarter and year ended 31-March-2019 have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 15-May-2019. The Financial Results for the year ended 31-March-19 have been audited by the Statutory Auditors of the Company who have expressed an unmodified opinion.
2. The figures for the quarter ended 31-March-19 and 31-March-18 represents the balancing figures between the audited figures in respect of the full financial year and reviewed published year-to-date figures upto the third quarter of the respective financial year.
3.The Company is mainly engaged in the business of real estate development, which is considered to be the only reportable segment by the management. Hence, disclosure under Ind AS 108 on 'Operating Segment' is not applicable.
4.The existing Guidance Note on Accounting for Real Estate Transactions (for entities to whom Ind AS is applicable) has been replaced by Ind AS 115 � �Revenue from contracts with customers�. Ind AS 115 is mandatory for reporting period beginning on or after 01-April-2018. The Company has opted to adopt Ind AS 115 using modified retrospective method. The application of Ind AS 115 does not have any impact on the retained earnings as on 01-April-2018 , being the initial date of application of Ind AS 115. Further, the application of Ind AS 115 also does not have any impact on the revenue, cost and profit after tax for the quarter and year ended 31-March-2019.
5. The Company is primarily in the business of real estate construction and development. During the year ended 31- March- 2019, the Company has used cash in operations amounting to Rs. 265.41 lakhs and as at 31-March -2019, the Company has negative networth of Rs.1,219.73 lakhs. These conditions indicate the existence of a material uncertainty that may cast significant doubt on the Company's ability to continue as going concern.

The Company has secured continued financial support letter from its parent company to meet its day to day cash requirements and settle liability, if any arises. Basis this, management of the Company believes that risk of material uncertainty has been significantly reduced and the Company shall be able to continue for a foreseeable future. Accordingly, these financial results have been prepared using the going concern basis.
6. The Company believes that the Minimum Alternate Tax Credit and Indirect Tax Receivables carried in books can be utilised based on the future Business Strategy.
7. The previous period's/ year's figures have been regrouped, re-arranged and reclassified wherever necessary to conform to current period's presentation.



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