standalone financial results, auditors report for march 31, 2016 & updates [result]
TRANSCRIPT
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
8/16/2019 Standalone Financial Results, Auditors Report for March 31, 2016 & Updates [Result]
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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
8/16/2019 Standalone Financial Results, Auditors Report for March 31, 2016 & Updates [Result]
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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'
8/16/2019 Standalone Financial Results, Auditors Report for March 31, 2016 & Updates [Result]
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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
8/16/2019 Standalone Financial Results, Auditors Report for March 31, 2016 & Updates [Result]
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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-
8/16/2019 Standalone Financial Results, Auditors Report for March 31, 2016 & Updates [Result]
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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
8/16/2019 Standalone Financial Results, Auditors Report for March 31, 2016 & Updates [Result]
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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_-
8/16/2019 Standalone Financial Results, Auditors Report for March 31, 2016 & Updates [Result]
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HPSHAH
.
B
Com.,
F.C.A.,
Gracl
CWA'
DISA
(lCAl)
HPS
C
ff
AXf
eRE
B
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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.
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 9/11
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
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 10/11
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:
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 11/11
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