standalone financial results, auditors report for march 31, 2016 & updates [result]

8/16/2019 Standalone Financial Results, Auditors Report for March 31, 2016 & Updates [Result]

http://slidepdf.com/reader/full/standalone-financial-results-auditors-report-for-march-31-2016-updates 1/11

To,

Date:30.05.2016

Bombay

Stock

Exchange

Limited

National

Stock

Exchange

of lndia

ttd.

Phiroze

|eejeebhoy

Towers,

Dalal

Street,

Mumbai.

F

ax:

022-227

n12A2041./

107

2

Exchange

Plaza,

5th

Floor,

Bandra-Kurla

Complex,

Bandra

(E)

Mumbai

-

400

051.

Fax:022-26598237/33

Ref:

Scrip

ID

-

532692

Scrip

Code:

RMCL

Sub:

Submission

of Audited

Financial

Results

for

the

Qh

and

year

ende

dg1,.0g.201,6

Dear

Sir,

In pursuant

to

Regulation

33

of

the

Securities

and

Exchange

Board

of

India

(Listing

Obligation

and

disclosure

Requirements)

Regulation

2015

(Listing

Regulations),

we

would

like

to

inform

you

that

the Board

of

Directors

at

its

meeting

held

on 30ft

May

20'L6

has

considered

and

approved

Audited

Financial

Results

for

the

e1,

and

year

ended

31,.03.201,6.

The

Audited

Financial

Results

with

Audit

Repor

Formfi

is

attached

for

your

reference

and

records.

The

Meeting

was started

at

d.op.m.

and concluded on

r.hop.m.

Kindly

take

the

same

on

your

record

and

oblige.

Thanking

You,

FOR

RADHA

MADHAV

CORPORATION

LIM]

/;),

t{/,-

/

''

)''

:-//

U,ft.NAMTSH

AGARWAL

(MANAGTNG

DTRECTOR

&

CEO)

DIN:-

00050296

50/9A,Daman

lndustrial

Estate,kadaiya,

Daman

Pin-396210,

CIN

No:

17450DD2005P1C003775

Phone-0260-66I9000

Fax-0260-661 9A10,722A177

fiic\/rffi** FeHDdSt*

TH:'TECHNOLCGY

sT*Rg



ADHA

fuXapHArr

ffioRPoRATroN Lrt

rrED

UNAUDITED

FINANC

f

"e".

SR.

NO

PARTICULARS

Qtr

ended

on

3't.03.2016

Preceeding

Qtr

ended

on

3',t.12.2015

Qtr

ended on

31.03.201

5

Yesr ended

on

31.03.2016

Financial

Year

ended

on 31.03.2C15

(Un-Audited)

(Un-Audited)

(Un-Audited)

(Un-Audited)

(Audited)

1

ncome

From

Operations

a

Net

Sales/lncome

from

operation

(net

off

all taxes)

322.69

620.77

579.€

2306.1

0

1118.20

b

Other

Operatino

lncome

0.14

0.0c

43.64

0.91

Net

Sales/ lncome

Form

Operation

322.69

620.91

579.8

2349.74

1119.11

2

Expenses

t)

Consumption

of Raw materials

26.45

21.73

92.17

105.08

248.42

b) Purchase

of Traded

Goods

392.95

552.19

423.79

2150.3s

754.17

c)Changes

ininventories

of finished

goods,work

in

progress

and

stock

in

tade

(142.05)

(2.32)

(20.75)

(148.17)

(26.58)

d) Employees

benefrt

expense

11.14

5.31

0.30

26.37

34.64

e) Depreciation

and amortization

expense

4.1

4.12

(20.34)

16.51

18.27

l)

Other expenses

55.95

16.88

21 .80

92.40

54.52

g)Total

348.61

597.9'l

496.97

2242.54

1,083.44

ProfiUloss

from

operation

before

other

income,

finance

costs

and

exceptional

items(1-2)

(25.e2)

23.00

82.83

107.20

3s.67

4

Other

lncome

3.47

0.8'1

2.5e

7.74

7.67

5

Profit

/

(Loss)

from

ordinary

activities

before finance

costs

and

exceptional

items

(3+4)

(22.45)

23.81

85.41

114.90

43.34

o Finance

cost

0.0c

0.12

7

Profit

/

(Loss)

from

ordinary

activities

cefore tax

(5+61

(22.4s)

23.81

85.41

114.9A

43.22

8

Exceptional

ltems..

2.55 0.0c

(45.161

(16.03)

(1,077.79)

I

Profit

lLoss

from

Ordinary

Activities

before

Tax

(7+8)

(25.00)

23.81

130.57

130.93

1,121.01

10

Tax

Expenses

0.83 (62.53)

0.83

(62.50)

11

Net Profit

/

(Loss)

from

ordinary

activities

afterfax

(9

+ 101

(25.83)

23.81

193.10

130.1(

1,183.51

12 Extraordinary

items (net

of

tax expenses)

0.0c

13

Net

Profit /

(Loss)

for

the

period

(1

1

+

12)

(25.83)

23.81

193.10

130.10

1,183.51

14

Share

of

profit

/

(loss)

of associates*

0

0

0

15

lvlinority

interest

-

0

0

0

to

Net

Profit

/

(Loss)

after

taxes, minority

interest

and

share of

profit

/

{loss)

of

associates

113 +

{4

+

'l6l

*

(25.83)

23.81

193.10

1

30.1

0

I

,1

83.51

17

Pald-up

Equity

Share

Capital

(Face

Value

: Rs

10

per

Share)

663.42

663.42

628.42

663.42

628.42

18

Reserves

excluding

revaluation

reserves

as

per Balance Sheet

of

Previous Accounting

Yeat

(1,786.72)

('t,925.57

19i

Earnings per

share

(betore

extraordin.ary

items)

(of

Rs. 1

0l

each)

(not

annuatised):

a

BASIC

(0.39)

0.37

3.07

2.03

20.84

b DILUTED

(039)

0.37

2.96

2.03

20.14

'19ii

=arnings

per

share

(after

extraordjnary

items)

:of

Rs.1 0 /-

each)

(not

annualised):

a Basic

(0.39)

0.37

3.07

2.03

20.84

b Diluted

(0.3s)

0.37

2.96

2.03

20.14

-*

Exceptional

item

for

the

quarter

ended

on 31st

March

2016

includes

diminesion

in

50/9A,Daman

lndustrial

Estate,kadaiya,

Daman

Pin-396210,

CIN No: 17450DD2005P1C003775

Phone-0260-66 1 9000 Fax-0260-66'l

9A1

A,222A1 7

7

of



ADHA

MapHAV

ffioRPoRATroN

LrrrTED

segme1t

wise

revenue,

results

and

capital

eTployeed

for

the

g

SR. NC

PARTICULARS

Qtr

ended

on

31.03.2016

receeotng

Qtr

ended

on

31.12.2015

Qtr

ended

on

31.03.201

5

Yesr

ended

on

31.03.201

5

nancrat

Year

ended

on

31.03.201

5

Audited

(Un-Audited)

Audited

Audited (Audited)

1.00

SEGMENT

REVENUE

Sale of Manufactured

Product:-

a) End

User

27.48

22.97

21.61

'108.40

IJO.JJ

o) unannet

Partners

2.22

2.05

94.79

13.62

'180.

10

fradinq

Sales

292.99

595.89

463.40

2227.72

800.68

Iotal

322.69

620.91

579.80

2349.74

1119.11

less:-

lnter

Segment

Revenue

NeUsales

/lncome

from

operation

322.69

620.91

579.80

2349-74

1119.11

2.00 SEGMENT RESULTS

Profit

&

(Loss)

before

Tax

& lnterest:

Sale

of Manufactured

Product:-

a) End

User

(

1

0.65)

(2

58)

a)a

17.15\

(2.70\

o)

Panners

I

3.93) (6.4e)

3s.06

(31.62)

4.44

raorng

tiales

(1.55)

38.36

41.92

174.49

52.50

otal

(26.1

3)

29.29

82.25

125.72

54.24

Less:-

(i)lnterest

Charges

0.00

0.00

0.00

0.00

0.12

(ii)

Unallocated

xpenditure/income

(Net)

(3.68)

5.48

(3.

I

5)

10.78

10.88

(iii)

Exceptional

ltems

2.55

000

(45.17\

(16.03)

(1077.79\

Prottt

t

etore

Tax

(25.00)

23.81

130.57

't

30.97

1121.O3

3.00

CAPITAL

EMPLOYED

(Segment

Assets-Segment

Liabilities)

Sale

of Manufactured

Product.-

a) End User

132.82 '137.08

147.03

132.82

147.03

b) Channel

Partners

278.01

280.62

289.87

278.01

289.87

Trading

Sales

134.49

75.49

27.39

134.49

ZI.)J

Unallocated

(1

668.62) (15s0

66)

(1

750.50)

1

668.62)

750

otal

(ii,33o)

T

t1o ,rua

_T

(1286.21\)

{1

1 23.30)

{1286.21\

i

,1

-I

J'

50/9A,Daman

lndustrial

Estate,kadaiya,

Daman

Pin-39621O,

CIN Nor 17450DD2005P1C003775

Phone-0260-6619000

Fax-0260-661

9O1O,2220177

sMCI

*qr\llffiL-

slET}lll}*

THE TECHI{&LOGY 5T6R'



ADHA

WAOHAV

ffioRPoRATIoN

L,,ITED

ANNEXURES

STATEMENT

OF

ASSESTS

AND

LIEEILITIES

UNDER

CLAUSE

41

(v)

OF

THE

L|ST|NG

AGREEMENT

RUPEES

IN

MILLIONS

PARTICULARS

31.03.2016

31.03.2015

EQUITY

AND

LIABILITIES

AUDITED

AUDITED

SHAREHOLDERS

FUNDS

SHARE

CAPITAL

663.42

628.42

RESERVE

AND

SURPLUS

(1,786.72)

(1,925.57)

MONEY

RECEIVED

AGAINST

SHARE

WARRANTS

10.94

SUB.TOTAL

SHAREHOLDERS

FUND

(1,1

23.30)

(1,286.21)

SHARE

APPLICATTON

MONEY

PEI,IDING

ALLOTMENT

MINORITY

INTEREST

NON

CURRENT

LIABILITIES

a

)

LONG

TERM

BORROWTNGS

b)

DEFERRED

TAX

LtABtLtTtES

(NET)

3)

OTHER

LONG

TERM

LtABtLtTtES

0.23

0.23

d)

LoNG

TERM

PROVTSTONS

8.14

6.85

SUB

TOTAL

NON

CURRENT

LIABILITIES

8.37

7.08

CURRENT

LIABILITIES

a)

SHORT

TERM

BORROWTNcS

b)

TRADE

PAYABLES

4't6.23

330.80

c) OTHER

CURRENT

LtABtLtTtES

1

,691

.1

3

1,644.28

c)

sHoRT

TERMPROVTSTONS

6.75

4.80

SUB

TOTAL

CURRENT

LIABILITIES

2,1', 4.11

1,979.88

TOTAL

EQUITY

AND

LIABILITIES

999.1

8

700.7s

ASSETS

NON

CURRENT

ASSETS

a)

FIXED

ASSETS

312.54

326.97

b)

GooDWTLL

ON

CONSOLIDAT|ON.

c) NON

CURRENT

TNVESTMENTS

2.55

d) DEFERRE

TAX

ASSETS

(NET)

e) LONG

TERM

LOANS

AND

ADVANCES

25.S8

zc.zJ

I)

OTHER

NON

CURRENT

ASSETS

0.96

0.78

SUB

TOTAL

NON

CURRENT

ASSETS

339.48

355.53

CURRENT

ASSETS

a)

CURRENT

INVESTMENTS

c) INVENTORIES

189.38

42.14

)

TRADE

RECEIVABLES

282.14

182.53

d) CASH

AND

BANK

BALANCE

72.07

32.81

e)

SHORT

TERM

LOANS

ANDADVANCES

115.25

86.93

f)

OTHER

CURRENTASSETS

0.86

0.81

SUB

TOTALCURRENTS

ASSETS

659.70

345.22

TOTAL

ASSETS

999.1

8

700.7s

50/9A,Daman

lndustrial

Estate,kadaiya,

Daman

Pin-396210,

CIN

No:

17450DD2005P1C003775

Phone-0260-661

9000

Fax-0260-661

9O1 O,2220177



The above

audited financial results

have

been revielved by

the Audit Committee

and

Eere

approved

by

the

Board of

Dlrectors

at

their

meeting held

on

30.05.2016

The Previous

year

Iigures

have been regrouped

/

rearranged

w.henever

necessary

Ihereu,asNi1investoIs,comp1aintpendingatthebeginningofthequa'ter.DuringthequarterNilComplaints'asfeceiveCl.Nit"o*@

quarter.

i

Management believes continual

operations due

to

availability

oi

long

Term Capital, Profitable

E Commerce Eusiness

and

various

measures

taken.

Continual Business,

Strong Possibility of recovery

during

persooal

Negotiations

&

Reconciliations,

Pending Legal

Cases/Confirmations and

consistent

recovery

perusal

makes Management believe

that the entire

"receivable/Current

Asset" &-ould

be recovered in

due course.

lhe

company

has not

provided

interest

and also reversed

provided

interest on

credit lacilities

granted

by State Bank of India/AARC

and Bank of Baroda due

to ongoing

Settlement process

and due to the fact that

interest

on

Substandard Assets are not charged

by the Lenders.

3ompany has booked

a

gain

of INR

980.46 millions on settlement

of

Secured loans on the

basis of negotiations

of the debt at

INR

450

Million.

Company

is in

advanc(

process

of

drafting

the restructuring proposai

with

Alchemist

Asset Reconstruction

Company Ltd.

Dde:

30.05.2016

MANAGING

DIRECTOR &

CEO

DIN 00m296

50l9A,Daman

lndustrial

Estate,kadaiya,

Daman

Pin-396210, CIN

No:

17450DD2005P1C003775

Phone-0260-661

9000

Fax-0260-661 9O1 A,2220177

ADHA

MNDHArr

ffioRPoRATIoN L,,ITED

rufi/nffi "*

F 6Kdtl-



ADHA

MapHAV

ffioRPoRATIoN

-*,rtTED

Company

has

posted

its

highest

historical

Turn-Over

of

2349.74

Million

in

the

year

2015-16.

These

generated

revenues

are

2.08 times

higher

than

last

year's

revenue

of

1126.78

Million.

Compared

to revenues

of

2013-14,

current

year's

revenues are

higher

by

13.65 times. Company expects such

multi-fold growth for

next

few

years.

In the

year

2015-16,

Company

expanded

its

Franchise network

across

India.

It

has

presently

2813 Shops

through

out

the

country.

Company

presently has 54

Depots

andT

Warehouses

throughout

the country

for

efficient

Logistics

and

distribution.

Company

through

its Online

Portal

named

wvvw.rmcluniverse.com

deals

in

product

categories

like

Health

and

Nutrition,

Skin

Care,

Hair

Care,

Households,

FMCG,

Nutraceuticals,

Organic Manures,

Seeds,

Micronutrients,

Edibles,

Electricals

and

Electronics.

Company

has

exclusive

marketing

rights

for

more than

180

Brands

like Saumya,

Nefer's,

Triton,

Hylen,

Prithi,

Rosa-Bella,

Elix-&

Prothemus,

Aphro,

Doris

fewels,

Kanhaa,

Babylon

Water,

Imperial

Aroma,

Dento

White,

Rise-Onn

and many

such

brands

in various

Categories.

Company

purchased

30

year

old

brands

from

M/s

Swastik

Sanitarywares

limited

recently

i.e

Classica,

Royal

(StylisedJ, Sanqiral,

Ace

(Logo), BM Ceramica

(Logo),

Classica

Freshware,

Gold

Class

(Logo),

CobraCeramica,

Reina Ceramica,

Sterling

(LogoJ,

Sterling

(Logo).

Company

has been

awarded

with

Drug Selling

License

as

on

13.05.2016

which

will

enable

company

to

commence

its

Pharmaceutical

business

in the Znd

Quarter

of 2016.

Company

expects

this

vertical

to

generate

better

profitability

for

the

company

in coming

times.

gnline

Portal

of

the

Company

named

wvvw.rmcluniverse.com

is

quickly

emerging

as

a leading

brand.

It

has

excellent

hits

per

day

with

bounce

ratio

as

less

as

7.5o/o.

Company

has been

focusing

upon

its

retail

business

in

last

two

years.

As the

retail

business

grows,

Company

plans

to ramp

up

its

packaging

business.

As

per

Industry

standard,

Packaging

cost varies

between

17-25o/o

of

the

Gross

Merchandise

Sales.

As

per

Company's

projection

substantial

portion

of

in-house

packaging

capabilities

would

be

utilized

in

captive

consumption.

UPDATE

50l9A,Daman

lndustrial

Estate,kadaiya,

Daman

Pin-396210,

CIN No;

17450DD2005P1C003775

Phone-0260-661 9000 Fax-0260-561

9010,222A177



ADHA

MaDHArr

ffioRPoRATIoN

L',ITED

Date:

30.05.20L6

I:Tuuys@

lhlroze

leejeebhoy Towers,

DaIaI

Street,

Mumbai.

F

ax:

022-227

29121/2041,/

1

07

2

National sto

Exchange

Plaza,Sth

FIo6r,

Bandra-Kurla

Complex,

Bandra

(E)

Mumbai

-

400

0S1.

Fax:

022-26598227/gs

Ref:

Scrip

ID

-

592692

Scrip

Code:

RMCL

sub:

submission

of

Audited

Financial

Results

for

the

Qt.

and

year

ende d31.03.2016

Dear

Sir,

In

purs+rant

to

Regulation

33

of

the

securities

and

Exchange

Board

of

India

(Listing

bligation

and

disclosure

Requirements)

Regulation

2015

(Listing

Regulations),

we

ould

like

to

inform

you

that

the

Board

of

Directors

at

its

meeting

held

on

30ft

May

016

has

considered

and

approved

Audited

Financial

Ilesults

for

the

etr

and

year

ended

31"03'201'6

The

Audited

Financial

Results

with

Audit

Report,

Formg

is

attached

for

your

reference

and

records.

The

Meeting

was

started

at

f.oop.m.

and

concluded

on

n.top.m.

Kindly

take

the

same

on

your

record

and

oblige.

Thanking

You,

FOR

RAD

::"t:ro"

coRPoRArI

AGARWAL

DTRECTOR

&

cEo)

MANAGING

DINI

000G0296

lndustrial

Estate,kadaiya,

Daman

0/94,Daman

Din a0<1rn

t_-



HPSHAH

.

B

Com.,

F.C.A.,

Gracl

CWA'

DISA

(lCAl)

HPS

C

ff

AXf

eRE

B

rtr.CC

OU

f"lTANT -

ti.'$iAjxil.tt

1sr

FLooR'

G.l'g'c',

cHAR

RASTA'

vAPl'3e6

1$5'

Teie

Fax:

(0260)

24s5540'

1423$40"

rndependent

Auditor,s

Report

on

Financiar

Resurts

pursuant

to

the

sEBI

(Listings

,

obligations

and Disclosure Requirements) Regulations,

2O15

TO

THE

BOARD

OF

DIRECTORS

OF

RADHA

MADHAV

CORPORATION

LIMITED

We

have

audited

the

accompanying

Financial

Results-of

Y"*IADH|]I-

CORPORATION

LIMITED

(the

.company')

for

the

year

ended

31"t

March'

2OL6

(the

'Financial

Result')

being

submitted

by

the

company

pursuant

to

the

requirement

of

regulation

33

and

Regulation

52

read

with

Regulation

osrzl

of

the

SEBI

(Listings

obligations

and

Disclosure

Requirements) Regulations,

201s.

These

financiar

results

which

are

the

responsibility

of

the

Company,smanagementandapprovedbytheBoardofDirectorshavebeenpreparedonthe

basis

of

the

related

financial

statement,

which

is

in the

Accounting

standards

notified

under

section

133

of

the

companies

Act,

2013

(the

Act)

read

with

the

relevant

rules

issued

thereunder

and

other

accounting

principles

generafiy

accepted

in

India.

our

responsibility

is

toexpressanopinionontheseFinancialResultsbasedonourAudit.

we

conducted

our

audit

in

accordance

with

the

auditing

standard.s

generarly

accepted

in

India.ThoseStand'ardsrequiresthatweplanandperformthereviewtoobtainreasonable

assurallce

as

to

whether

the

financiar

statements

are

free

of

material

misstatement(s)'

An

audit

includes

examining

on

a

test

basis,

evidence

supporting

the

amounts

disclosed

as

financial

results.

An

audit

also includes

assessing

the

accounting

principles

used

and

significant

estimates

made

by

the

management.

we

believe

that

our

audit

provides

a

reasonable

basis

for

our

oPinion'

In

our

opinion

and

to

the

best

of

our

information

and

according

to

the

explanation

given

to

us

these

financial

results;

i.

are

presented

in

accordance

with

the

requirement

of

reguration

33

and

Regulation

52

read

with

Regulation

63(21of

the

SEBI

(Listings

obligations

and

Disclosure

Requirements

,.

Reg.rlations,

2015

and

ii.

give

true

and

fair

view

in

conformity

with

the

aforesaid

Accounting

standards

and

othe

accountingprinciplesgenerallyacceptedinlndiaofthenetprofrtandotherfinancial

information

ior

Ur"

year

ended

March

31,

2016

subject

to

d.

Regarding

preparation

o

,r2y:t1and

financiar

resurts,

on

the

basis

of going

concent

in

spitt

of

accumulate

loss

of

Rs.

tttia.lz

miiliLn

which

has

risulted

rnn

nega,tii

net

worth

iintitzs.s0

millions

as

at

31't

Marc

20L6.

The

company

also

has

workiig

ca?ttal

defciency.

Thes,e

factors

raise.doubts

about,

the

company's

abili

to

continue

as

a

going

concern

whLiiih

is'

dependent-ufo"-i7"iion

of

long

terms

funds

for

its

future

operation

The

accornpanying

financiar

resuris

do

nit

incrude

*y'oijitt*ritt

itrting

{o

the

iecooerabili$

that

mig

result,

shouldilrr"**ponybe

unable

to

continue

as

a

going

concern.



b

rhe

outstanding

balances

as

at

the

ye2r

end

under..consider,tion

in

respect

of

sundry

debtors,

losns

€c

adrances

and

sundry

*editors

*,

iinirrt

to

confnnatiom

from

-rlspecttry

parties

and

consequential

reconciliation

and

adjustments

arisingliii,

yron,

if

aiy.

Conseqiential

inrpact

thereof

on

the

financial

results

is not

ascertainrtble'

c)

non

prottision/non

accounting

of

interest

paid/payahre

to

the

secured Creditors

from

uhom

aarious

secured

roans

obtained

br1

tru

Company

for

the

quarter

g

year

ended

on

March

2016

of

Rs

200'61'

millions

€t

Rs

7 6

8.7

0

millions

resPectiaelY,

i)

whictt

has

resulted

into

profit

shotun

in

restilt

for

the

quarter

and

year

ended

on

31st

March'

2016

oaerstnted

by

the

said

amotmt.

(ii)

uticrr

rms

resurted

into

reserue

g

surprus

for

the

year

ended

on

31.03.2016

oaerstated

by

the

said

nmount

(reserue €t strrphrsbeing

negatiae

tlrc

figure

is

under

reportedby

tlrc

said

amount)'

d)

Th

cofllpany

do

not

luae

adequate

internal

fnancial

control

ouer

financial

reporting

I

operatiue

effectirteness

of

such

control.

e)

conryany

has

not

carried

out

physical

aerification

of

trading

goods

lying

at

the

premises

of

aarious

franchisees

and

dePot

located

across

lndia'

The

Financial

Results

includ.es

the

results

for

the

quarter

ended

March

3L,

2016

being

the

balancing

figure

between

audited

figures

in

respect

of

the

full

financial

years

and

the

published

unaudited

year

to

date

figures

up

to

the

third

Quarter

of

the

current

financial

year

which

were

subjected

to

limited

review

by

us'

For H.

P. SHAH

ASSOCIA'

FRN

No.1095881[I

4d'&{4*'r'_

(H.P.SHAH)

PROPRIETOR

CHARTERED

MembershiP

No.39O93

Place:-

VaPi

Date:-

3O.O5.2O16



ADHA

MOPHAV

ffioRPoRATIoN

L,,ITED

ANNEXURE

I

Statement

on Impact

of

Audit

Qualifications

(for

audit

report

with

modified

opinion)

submitted

along-with

Annual

Audited

Financial

Results

-

(Standalone and Consolidated

separately)

50/9A,Daman

lndustrial

Estate,kadaiya,

Daman

Pin-3962'10,

CIN No:

17450DD2005P1C003775

Phon

e-0260-56't

9000 Fax-0260-56

1 9Ol 0,222A1

7

7

Fnrail:

in nt&rrnrlinrli* rn in

I

lRl

.

renmrr rmelindi: rn

in

Statement

on

Impact of

Audit

Qualifications

for

the

Financial

Year ended March

31,2016

[See

Regulation

33/

52 of

the

SEBI

(LODR)

(Amendment) Regulations,

2016]

I. s1.

No.

Particulars

Audited

Figures

(as

reported

before adjusting

for

qualifications)

Adjusted

Figures

(audited

figures

after

adjusting

for

oualifications)

't

Turnover

/

Totalincome

2357.44

2357.44

2

Total Expenditure

2227.34

2996.04

J

Net

Profit/(Loss)

130.10

-638.60

4

Earnings

Per Share

2.03

-9.96

5

Total Assets

999.1.8

999.18

6

Total Liabiiities

2122.48

2891.18

7

NetWorth

-1123.30

-L892.00

8 Any

other

financial item(s)

(as

felt

appropriate

by the

management)

II

Audit

Qualification

(each

audit

qualification

separately):

a. Details of

Audit

Qualification

non

provision/non

accounting of

interest paid/payable to the Secured

Creditors

/

Assets Reconstruction

Company (ARC) from

whom various secured

loans

obtained/

assigned

by the Company

for

the

year

ended on March

2016

of

Rs.

768.70

respectively,

b. Type of Audit

Qualification:

Qualified

Opinion

inion

c.

Frequency of

qualification: Appeared for 3'd time.

d.

For Audit

Qualification(s)

where

the

impact

is

quantified

by the

auditor,

Management's

Views:

The company

has

not provided interest and

also reversed provided

interest on credit

facilities

granted by

State

Bank of India/AARC

and Bank of Baroda due to

ongoing Settlement

process and

due

to the fact that

interest

on

Substandard Assets

are not charged

by

the Lenders.

e.

For Audit

Qualification(s)

where

the

impact is not

quantified by

the auditor:

NA

1 Manaqement's

estimation on the irnpact of audit

qualification:

(ii)

If management is unable to estimate

the impact, reasons for the same:

(iii)

Auditors'Comments on

(i)

or

(ii)

above:

UNiVTR I:



np

nal&rgfffi

Co

R

po

RAr

r

o

N

L,,

r

r

E

D

Audit

Committee

Chairman

re

^r-'+

t

-t;.1"

H'd

brlrdL

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standalone financial results, auditors report for march 31, 2016 & updates [result]

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