SURYALAKSHM,! COTTON MILLS LTD SU RYALAK S H M I

Size: px

Start display at page:

Download "SURYALAKSHM,! COTTON MILLS LTD SU RYALAK S H M I"

Gerald Bishop
5 years ago
Views:

SURYALAKSHM,! COTTON MILLS LTD SU RYALAK S H M I (AN IS/ISO 9001 :2008 & Iso 14001 :2004 CERTIFIED COMPANY) May 19, 2018.

: Audited financial results for the quarter and year ended 31/03/2018.

for the year ended 31/03/2018, which were taken on record by the Board of Directors at theft meeting held on 19/05/2018 concluded at 3.40 p.m. Also please find enclosed the statement of Assets & Liabilities for the year ended 31/03/2018.

1 SURYALAKSHM,! COTTON MILLS LTD SU RYALAK S H M I (AN IS/ISO 9001 :2008 & Iso :2004 CERTIFIED COMPANY) May 19, To Department of Corporate Services, Bombay Stock Exchange Limited, 1st Floor, New Trading Ring, Rotunda Building, Pj.Towers, Dalal Street, Fort, MUMBAI Dear Sir, Ref.: Reg.: Audited financial results for the quarter and year ended 31/03/2018. As per Regulation 33 of the SEBI (Listing Obligations arid Disclosure Requirements) Regulations, 2015, we are herewith enclosing a copy of the Annual Audited Financial Results along with Audit Report for the year ended 31/03/2018, which were taken on record by the Board of Directors at theft meeting held on 19/05/2018 concluded at 3.40 p.m. Also please find enclosed the statement of Assets & Liabilities for the year ended 31/03/2018. We further declare that the Auditors have issued Audit Report with unmodified opinion on annual audited financial results for the financial year ended 31st March, You may kindly inform your members accordingly. Thanking you, Yours faithfully, for SURYALAKS MI COflON MILLS LIMITED EV.S.VSAR_ QMPANflECRETARY : GOVERNMENT RECOGNISED EXPORT HOUSE F [5iii Regd. Office: Surya Towers, 6th Floor, 105 Sardar Patel Road, Secunderabad Telangana, INDIA GIN Number: L17120TG1962PLC Phone: /857. Fax: sicmitdsuryaiakshmi.com WEBSITE : wwwsuryalakshmicom

I 195.18 SURYAIAKSHMI COTtON MILLS LIMITED Registered Office :Surya towers, 6th Floor,105 5.P Road, Seninderabad -500 003 Ph.: 040-27819856 / 30571600 email: slunltd@suryalakshml.

In akin) Pan,cu - Iawl FortheQuarterEoded FortheyearEnded 31-Mar-1S 31-Dec-17 31-Mar-17 31-Mar-18 31-Mar-17 unaudited AudIted Audited Revenue from operations 24,300.59 16,849.57 24,026.

2 I SURYAIAKSHMI COTtON MILLS LIMITED Registered Office :Surya towers, 6th Floor,105 5.P Road, Seninderabad Ph.: / slunltd@suryalakshml.com; website : vn,wsuryalakshml.com; ON - U7120TG1962PLC StATEMENT O UNAUDInD I AUDITED RESULTS FOR THE QUARTER ENDED IRs. In akin) Pan,cu - Iawl FortheQuarterEoded FortheyearEnded 31-Mar-1S 31-Dec Mar Mar Mar-17 unaudited AudIted Audited Revenue from operations 24, , , , ,709,33 II Other income , ) III Revenue(l+Il) 24, , , , , IV Expenses Cost of materials consumed 9, , , ,27 Purchase of stock In trade 3,322, , Change In Inventories of finished goods, stock in trade 3, (1,024,72) 3, (734.52) (2,473.98) and wnrk In nrnprpc Employee benefit Expenses 2, , , , , Finance costs 1, & , , Depredation and amortisation expenses , , Other expenses 4, , ,269S5 18, , Expenses(IV) 24, , , , , V Profit/(loss) before exceptional items and tax(ili-iv) (52.41) , VI Exceptional Items VII Profit/Von) before tax (V+Vl) , VIII Tax expense: Current tax MAT for the current year Deferred tax (324.60) (306.97) Earlier years tax IX Prort/voss) for the period from continuing operations (VII-Vl ,95038 K Profitj(loss) from discontinued operations XI Tax expense on discontinued operations XII Profit/(Ioss) from discontinued operations (after tax) (K-NI) XIII Pmfit/(Ioss) for the period (lx+xii) 4Th , XIV OTHER COMPREHENSIVE INCOME A-(i) Items that will not be redasified to the profit or loss (57.72) - (36.87) (57.72) (36.87) (ii) Income tax on items that will not be redasified to the nrnfit nr Incc 0-li) Items that will be redaslfled to the profit or loss (U) Income tax on items that will be redasified to the profit or loss Other Comprehensive Income (net of taxes) XV Comprehensive Income for The Period (XlII+XIV) XVI Earnings per Equity share (for continuing operations) -Basic and diluted Ito Rs.t XVII Earnings per Equity share (for discontinued operations) - Ratir and duluipri (in Rc.) XVIII Earnings per Equity share (for discontinued & continuing nnpratinncl -Raclrand dul,,tpd lin Rc.i Weiahted average number of eouitv shares trace Value of Rs (39.27) (24.27) (39.27) (24.27) , ,672,290 16, , ,672,290 16,

Notes: 1. The above results for the quarter/year ended 31st March 2018, were reviewed by Audit Committee and approved by the Board of Directors at the meeting held on 19th May.

The Financial Results of the company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 20Th as amended by

3 Notes: 1. The above results for the quarter/year ended 31st March 2018, were reviewed by Audit Committee and approved by the Board of Directors at the meeting held on 19th May and 5tawtorv Auditors have audited them. 2. The Financial Results of the company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 20Th as amended by the Companies (Indian Accounting Standards) Amendment Rules The Company adopted nd AS from 1st April 2017 and accordingly the financial results (induding for all the period presented in accordance with md AS 101- First time adoption of Indian Accounting Standards) have been prepared in accordance with the recognition and measurement principle laid down In the nd AS 34 Interim Financial Reporting presoibed under section 133 of the Companies Act 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India. 3. The format for audited quarterly results as presaibed in SEBI s Circular ClR/CFD/CMD/ , dated 30th November 2015, has been modified to comolv with reoulremenls of SEBIs circular dated 5th July Expenses are recognised in statement of profit and loss using a ciasslr,cation based on the nature of expense method as per para 99 of Ind AS 1. Presentation of financial statements 5. The results for the quarter/year ended 31st March 2017 have been restated to comply with md AS to make them comparable. Further previous quarter figures have been regrouped/redassifed, wherever necessary, to conform with the current period presentation to comply with mod AS. 6. The above mentioned income from operations are disclosed inclusive of excise duty In respect of garments division except for current quarter ended 31st Mardi 2018 and previous quarter ended 31st December ror these 2 quarters, GST collected on sales of all divisions Is esduded from Revenue as per Ind AS 18- Revenue The figures of the Current quarter and quarter ended 31st March, 2017 are the balancing figures between the audited figures of the full financial year ended 31st Mardi, 2018 and 31st Mardi, 2017, respectively and the published year to date figures upto third quarter ended 31st December and 31st December. 2016, respectively 8. Consequent to transition to md AS, in accordance with para 32 of Ind AS 101- First time adoption of Ind AS, reconciliation between net profit under Previous Indian GAAP and total comprehensive Income as per md AS for the quarter/year ended 31st March 2017 is as follows: fl,-,,,,i6tlnn of Net orofit between the I,,.neII,c..It. as,,i,.,,.l., reoorted to as Previous GAAP ) and Ind AS are as ForQuafter Forlear Nature of Adjustments Note no Ended Ended 31-Mar Mar-17 AS per the Previous GAAP ,1B&70 Interest a (51.78) (249.00) Depredation Adjustment b Others c Income tax e (63.52) (63.52) Profit as per Ind AS , Other Comprehensive Income Remeasurement of Defined benefit plans/ Equity instruments FVtOCI d (3687) (3687) Income tax on above - e Comprehensive Income as per Ind AS , a. Measurement of financial liabilities As per Ind AS. certain financial liabilities like Term Loans from rinanci& Institutions. Preference shares, Sales tax Deferment and Loan from related parties have been recognised at fair value on initial recognition. Subsequentiy. those have been measured at amortlsed cost by using Effective Interest Method (Em). Hence the resultant Interest has been charged to profit and loss, b. Excess depreciation under Ind AS, upfront fees paid on long term loans Is adjusted with the loan amount and measured at amortised cost using effective Interest rate. Some of the upfront fees which where opitallsed were reversed from Property, Plant and Equipment Ma result excess depredation was also reversed back. c- Other adjustments Other adjustments Indude adjustments for lease rental on leasehold land, amortisation of government grant on measurement of sales tax deferment at fair value. d. Remeasurement of Defined benefit plans/equity Instruments FYTOCI As per nd AS, (i) actuarial gains/losses arising on remeasurement of Defined benefit obligations relating to Gratuity and leave encashment (ii) fair value gain on equity investments measured at Fair Value through Other Comprehensive Income should be recognised In other comprehensive income. e. Income taxes Deferred tax imoact on above adiustments are accounted for. 9. In terms of SEBI Circular CIRJCFD/CMD5S/2O16 dated May 27, 2016, the Company hereby declares that the Auditors have issued Audit Report with unmodified opinion on annual audited financial results for the financial year ended 31st March For and On behalf Of Board - :4 Place: SECUNDERABAD Date :15th May LNAGARWAL CHAIRMAN & MANAGING DIRECTOR

SURYALAKSHMI COTtON MILLS LIMITED Registered Office :Surya towers, 6th Floor,105 S.P Road, Secunderabad -500 003. Ph.: 040-27819856 /30571600 email : slcmltd@suryalakshmi.com; website : www.

For the Quarter Ended For the Year Ended Particulars 31-Mar-181 31-Dec-171 31-Mar-17 31-Mar-IS 31-Mar-17 Unaudited Audited Audited 1.

4 SURYALAKSHMI COTtON MILLS LIMITED Registered Office :Surya towers, 6th Floor,105 S.P Road, Secunderabad Ph.: / slcmltd@suryalakshmi.com; website : CIN - L17120TG1962PLC UNAUDITED / AUDITED SEGMENT-WISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER/YEAR ENDED MARCH 31, (Rs. In Iakhs). For the Quarter Ended For the Year Ended Particulars 31-Mar Dec Mar Mar-IS 31-Mar-17 Unaudited Audited Audited 1. Segment Revenue (Inclusive of excise duty from each segment) e) Unallocated Less: Inter Segment Revenue Revenue 2. Segment Re5ults (Profitfl )/Loss (-) before Tax and Finance charges from each segment) Less: I) Finance charges ii) Other Un-allocable Expenditure net off Add: Un-allocable income Profit before Tax 3. Segment Assets e) Unallocated 4. Segment Liabilities e) Unallocated 13, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , (169.05) , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

SURYALAKSHMI COHON MILLS LIMITED CIN-L17120TG1962PLC000923 Regd. office Surya towers, 6th Floor, 105 S.P Road, Secunderabad -500003 AUDITED BALANCE SHEET AS AT 31ST MARCH 2018 IRs.

(ii) Other financial assets (e) Other non-current assets Current assets (a) Inventories (b) Financial Assets (i) Investments (ii) Trade receivables (Hi) Cash and cash equivalents (iv) Bank balances

34 587.65 41,593.85 43,764.08 17,316.49 17,755.51 5.02 5.87 17,733.72 13,093.63 104.29 219.38 864.32 207.53 38.26 49.98 4,878.84 4,130.63 115.55-2,300.01 1,669.28 43,356.48 37,131.80 Assets 84,950.

5 SURYALAKSHMI COHON MILLS LIMITED CIN-L17120TG1962PLC Regd. office Surya towers, 6th Floor, 105 S.P Road, Secunderabad AUDITED BALANCE SHEET AS AT 31ST MARCH 2018 IRs. In Lakhs) Particulars As at 31-Mar-2018 As at 31-Mar-2017 ASSETS Non-current assets (a) Property, Plant and Equipment (b) Capital work-in-progress (c) Intangible assets (d) Financial Assets (I) Loans (ii) Other financial assets (e) Other non-current assets Current assets (a) Inventories (b) Financial Assets (i) Investments (ii) Trade receivables (Hi) Cash and cash equivalents (iv) Bank balances other than (iii) above (v) Loans (iv) Others financial assets (c) Current tax asset (Net) (d) Other current assets 40, , , , , , , , , , , , , , , Assets 84, , EQUITY AND UABIUTIES Equity (a) Equity Share capital (b) Other Equity Liabilities Non - current liabilites (a) Financial Liabilities (I) Borrowings (b) Provisions (c) Deferred tax liabilities (Net) (d) Other Non Current Liabilities Current liabilities (a) Financial Liabilities (i) Borrowings (U) Trade payables (A) total outstanding dues of micro enterprises and small pntprnricpc: and (B) total outstanding dues of creditors other than micro pntprnricpc and cmall pntprnricpc (iii) Other financial liabilities (b) Other current liabilities (c) Provisions (d) Current tax liabilities (Net) Equity and Liabilities 1, , , , , , , , S9 4, , , , , , ,03&78 7,64t36 4, , , , , , /

REQUIREMENTS) REGULATIONS, 2015 To The Board of Directors Surya Lakshmi Cotton Mills Limited 6th Floor Surya Towers S P Road Secunderabad We have audited the quarterly financial results of SURYA

6 I KS. o &Co. CHARTERED ACCOUNTANTS AUDITOR S REPORT ON AUDITED QUARTERLY FINANCIAL RESULTS AND YEAR To DATE RESULTS OF THE COMPANY PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 To The Board of Directors Surya Lakshmi Cotton Mills Limited 6th Floor Surya Towers S P Road Secunderabad We have audited the quarterly financial results of SURYA LAKSHMI COTTON MILLS LIMITED SECUNDERABAD (CIN L17120 TG 1962 PLC ) for the quarter ended Th and the year to date results for the period to attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, These quarterly financial results as well as the year to date financial results have been prepared by the company s management. Our responsibility is to express an opinion on these financial results based on our audit of such financial statements, which have been prepared in accordance with the recognition and measurement principles Laid down in Accounting Standards prescribed under section 133 of the Companies Act, 2013 read with Companies(Indian Accounting Standards)Rules 2015 issued thereunder, or by the Institute of Chartered Accountants of India, as applicable and other accounting principles generally accepted in India. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results 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 a significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion. Contd 2 Flal No. 602, Go!den Green Apartmenls, lrwm Manzil Colony, Hyderabad Phones: (040) , Fax : (040) , ksraoandcompanygmaii.com

given to us these quarterly financial results as well as the year to date results: (i) are presented in

ReguLations, 2015 in this regard; (ii) give a true and fair view of the profit for the Quarter ended 31.03.

2018 as welt as the year to date results for the period from 01.04.2017 to 31.03.

figures in respect of full financial year and the published year to date figures up to the end of third quarter

7 I I k.s.1rao & Co. CHARTERED ACCOUNTANTS :: 2:: In our opinion and to the best of our information and according to the explanations given to us these quarterly financial results as well as the year to date results: (i) are presented in accordance with the requirements of ReguLation 33 of SEW (Listing Obligations and DiscLosure Requirements) ReguLations, 2015 in this regard; (ii) give a true and fair view of the profit for the Quarter ended and other financial information for the quarter ended as welt as the year to date results for the period from to ; and (iii) the results for the quarter ended March 31, 2018 being the balance figure between audited figures in respect of full financial year and the published year to date figures up to the end of third quarter of the current financial year. PLace: Hyderabad Date: 19th May, 2018 (P. for K.S. RAO & Co., Chartered Firm Regn Partner t Membership No a S. Flat No 602. Golden Green Apartments, Irrum Manzil Colony Hyderabad - Phones (040) , Fax: (040) , ksraoandcompanygmail.com

jorientbell d tiles Orient Bell Limited

jorientbell d tiles Orient Bell Limited jorientbell d tiles OBL:HO:SEC:00: New Delhi : 21.05.2018 BSE Limited Corporate Relation Department 1st Floor, New Trading Ring Rotunga BuildingPhiroze Jeejeebhoy Towers Dalai Street, Mumbai - 400 001