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HITTCOTOOLSLTD. @AN tSO 9001-2008 GoMPANY
works :#78,lll Phase, Peenya lndustrialArea, Bangalore-560 05g. Karnataka. INDIA Tel: 91-80-2839 2265 ,
No. 128939KA1 995P1C01 6888Fax : +91-80-2839 40 49 E-mail : [email protected] website :www.hittco.com clN
HTL|SE|O27l20L7-t830th May,2018
To,Manager - Listing,
Dept. Of CorPorate Services,
Bombay Stock Exchange Limited,
Phiroze JeejeebhoY Towers,
DalalStreet,Mumbai- 400 001.
Ph-022-2272L234
Dear Sir/Madam,
ScriP Code: 531661
This is to lnform that the Audited Financial Results for the quarter ended 31't March, 201-8 was
approved and taken on record by the Board of Directors at their meeting held on 30th May
201g. please find the enclosed the Unaudited Financial Results of the company for the quarter
ended 31st March, 2018 and year ended 31st March, 2018'
The delay in reporting was due to network failure' Kindly condone the delay'
This is for you.r information and record'
Thanking you,
Yours FaithfullY
For Hittco Tools Limited
(
Encl: As above.
7l'qIfifi'?ilE|if fi tffi frIM
,
Gorporate Office : "HTC ASPIRE', 2nd Floor, #19, AliAsker Road, Bangalore-560 002. Tel : +g1-g0-40g6 5000 Fax : 40g6 5026
&CfsFnrm & ilm"ff hmr**r*d .&**m uxr"r f,mr: tru
Auditor's Report on Standalone Financial Results of Hittco Toots Limited pursuantto the Regulation 33 ofthe SEB! (tisting obligations and Disctosure Requirements)Regulations,2015 -To The Board of Directors ofHittco Tools Limited
We have audited the alcompanying Statement of standalone financial results of Hittco Toolstimited ('Company') for the quarter and year ended 31st March 2018 ('the statement'), attachedherewith, being submitted by the Company pr;rsuant to the requirement of Regulation 33 of theSEBI (Listing Obligations and Disclosure Requirements) Regulations, 201"5 ('the Regugtion,), readwith SEBI Circular No. clR/cFDlFAc/6212o16 dated July 5,2016 ('the circular').The standalonefinancial results for the quarter'and year ended 31st March 2018 have been prepared on thebasis of standalone financial results for the nine-month period ended 31st December 2017, theaudited annual standalone financial statements as at and for the yeai'ended 3lst March 2018,and the relevant requirements of the Regulation and Circular, which are the responsibility of thecompany's management and have been approved by the Board of Directors.of the Company. Ourresponsibility is to express an opinion on these standalone financial results based orrbur reviewof the standalone financial results for the nine-month period ended 31,t Decemb er ZAll whichwas prepared in accordance with the recognition and measurement principles laid down in lndianAccounting Standard (lnd AS) under section 133 of the Companies Act, 2013 read with relevantrules issued thereunder and other accounting principles generally accepted in lndia; our audit ofthe annual standalone financial statements as at and for the year ended 31't March 201g; andrelevant requirements of the Regulation and the Circular.
We conducted our audit in accordance with the auditing standards generally accepted in lndia.Those standards require that we comply with ethical requirements and plan and perform theaudit to obtain reasonable assurance about whether the financial results are free of materialmisstatement. An audit includes examining, on a test basis, evidence supporting the amountsdisclosed as financial results. An audit also includes assessing the accounting principles used andsignificant estimates made by management. We believe that our audit provides a reasonablebasis for our opinion.
Basis of Qualified OpinionThe linished goods ond work-in projress have been valued dt estimdted cost. The estimatedcost has been arrived by deducting adhoc percentage towards margin from the selling price,We are unoble to obtoin sullicient ond appropriate oudit evidence obout opproximation to theo*udl cost as requlred by the lnd AS - 2 "lnventories" from the records maintained by thecompony. Consequently, we are unable to determine the deviation on the linancial statementslor the yeor end 37't March 2018.
No.S$$, 13h Cross, MES Rcad, Muthyula Nagar, Sengaluru - S$0 054Sffice: 08S-23454141 , Mob:S98SSSS540/9945146510 E-Mall:cnnrnislrra@rnishr*sndco.in
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Qualified Opinionln our opinion and to the best of our information and according to the explanations given to us,except for the possible effects of the matters described in the above para ,,Basis for qualifiedopinion" the aforesaid standalone financial statements;
i) are presented in accordance with the requirements of Regutation 33 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified inthis regard; and
ii) give a true and fair view in conformity with the lnd AS and other accounting principlesgenerally accepted in lndia, of the Loss including other comprehensiverincome andother fihancial information of the Company for the quarter and year ended 3Lst March2018,
Further we report that the figures for the quarter ended 31st March 2018 represent the derivedfigures between the audited figures in respect of the financial year ended 31st March 201g andthe published year-to-date figures up to 31st December 2017, being the date of the end of thethird quarter of the current financial year, which were subject to a limited review, is requiredunder the Regulation and the circular.
Corresponding figures for the quarter and year ended 31st March 2017 included in thestandalone financial results were audited by us where we have expressed modified opinion dated30th May 2017.
For Mishra & Co.,
Chartered Accountants
FRN:0123555
Place: Bengaluru
Date: 30/05 /201s
f{^*'{d":*n"c.CA Nilamadhab
Proprietor
Membership No. 223157
c#e4h*1*a,mrot \'-*
\acr.ounts*{sf *
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fun.$s$, 13rn crs$$, MH$ R*ad, Muthyara rrr*g*r, *engaruru * s$s ss4Office: CIsCI-23*$5414tr, fu{ob:$$sss$*s40/*$4$'i4$$x s &-M*il;cnnmishraffirnishr*nndco.in
HTTTCOTOOLSLTD. @AN ISO 9001-2008 COMPANY
ended 3lST MARC 2018
Sr.Nc Particulars
Quarter endedPeriod ended
3 Months ended3lst March 2018
Preceding 3
Months ended3lst December
20L7
Corresponding 3month ended 31st
March 2017
Year to date figures forcurrent year ended 3lst
March 2018
Year to date figures forcurrent year ended 31st
March 2017
Unaudited Audited
I2
(a) Revenue from operations(b) Other tncome
166.88
16.69
Audited Audited
679.25159.7(
0.38756.27
18.8C63t.4)ta.2!3
183.5i 160.144 175.O4
la) Cost of Materials consumed'b)Purchase of stock in tradec) Changes in inventories of finished;oods, work-in-progress and stock_inrade
d) Employee benefit expensee)Finance cost
f) Depreciation and amortisationxpense
3) Excise duty on sale of goodsr) Other Expenses
75.08
12.48
47.77
6.31
26.41l
I
26 s8l
65.25
11.65
40.58
6.30]I
n.671
,r.r;l
85.5
(31.82
40.6:
5.9:
24.6(
17.74
242.t
23.6i
160.8:
25.9:
93.6(
16.31
239.18
27.72
t47.16
32.19
103.98l
n.s6l13s.611lotal Expenses uq.q-4---i8r2; 158.0(5
6
Profit/(toss) before exceptional itemsand taxExceptional items
(s.061
20.00
or*,.1 17.04
tob.o4
(s6.32)
20.00
747.8A
(s4.8s)
7 ,rofit before tax 12\.06 (22.70) t7.048 Tax Expense
Current tax
Deferred tax charge/(credit)Mat credit(entitlement/utilization)
176.32'
(4.66) (s.s1) (8.681
25.72
(2.77',| (t2.4sl9 Net Profit/ ([oss) aftertax (20.401 (16.19'.x0 Other comprehensive income/(expen e)
net of taxes
Items that will not be reclassified to p&L 5.57
(73.ss (42.40',
5.57tt Total Comprehensive income (14.83 (15.191 25.7i (67.981
13
Paid-up equity share capital (Face valueofthe shares is Rs. 10/- each)Earnings per share(a) Basic
Ib) Diluted
603.6(
(0.34)
(0.34)
603.6C
(0.26)
lo.26l
25.72
o.43
0.43
603.6C
(1.221
1.221
l4z.4o)
603.60
(0.6e)
t0.6ql,IdCI OI INC O
(LoDR), Regr
3tatted tormat of qu
rlation, 2015. the fu
rterly/annual financial Results filed withformat ofthe quarterlv/annual arp avit
the stock exchange under rel lulation 33of the SEBt
Works =#78,lll Phase, Peenya lndustrialArea, Bangalore-560 058. Karnataka. INDIA Tel:91-80-28392265 ,
Fax : +91-80-2839 40 49 E-mail : [email protected] Website : www.hittco.com CIN No. 128939KA1995P1C016888
HITTCO TOOTS TTD
\Lve'.\r, r\r6urdLrur, zur). rne ru, rormat of the quarterry/annuar are avirabre on stock exchange.2' The above result reviwed by audit committee and approved by Board of Director on Board meeting dated 30.05.2018.
PIace: Bangalore
Datei 30.05.2018
Lli',;li r EDt
@f!,rBlilnffiliirfttdiiltltrtl|ll
DirEmi:cToR
Gorporate Office : 'HTC ASPIRE', 2nd Floor, #19, Ali Asker Road, Bangalore-560 002. Tel : +91-80-4080 5000 Fax : 4086 5026
HITTCOTOOLSLTD. @AN rSO 9001-2008 GoMPANY
Works :#78,lll Phase, Peenya lndustrialArea, Bangalore-560 058, Karnataka, INDIA Tel: 91-80-28392265 ,
Fax : +91-80-2839 40 49 E-mail : [email protected] Website :www,hittco.com CIN No. 128939KA1995P1C016888, HITTCO TOOTS TIMITED
Regd Off: HTC Aspire, #19 Aliasker Road, Bangalore-560052
Ph: +91 80 408656fi/ Website : www.hittco.inl CIN: 128939KA1995P1C016888Results and for the
Particulars3 months ended
l3tl3lz0r,-ltmonths ended
l3u12l20t7l3 months ended
l3713l20t7l
Current year ended
l3!3120181
Previgu5 year ended
I37lO3l20a7l
Audited Unaudited Audited Audited Audited
1. Gross Segment Revenue
(a) Cutting tools(b) Unallocted
TotalI ess lnlerSeoment Revenue
166.88
,rr.r,
1s9.76
159.75
156.21
156.21
631.47
637.47
679.25
"rr.r,let SeEment Revenue 165.88 159.76 t56.21 637,47 679,25
2. Segment Results (Prcfit)(+)/ Loss C) beforetax and interest and other unallo€ble expenditurenet off unallo€ble in@me from each segment)
(a) Cutting tools
(b) Unallocated
1.25 (1s.80) 22.96 (30.37) 22.66"
fotal 1,25 (1s.801 22.96 130.37' 122.66\
Less: ex0enses
Less: ii)other unallo€ble expenditure net offLess: (iii) Un-allo@ble in@me
Total Profit Before Tax t< oc 122.70:
5.92
L7.04
25.95
(s5,33',
32.19
ls4_861
Segmeot assets(a) Cutting tools(b) Unallo€ted(c)OtheE
Total segment assets
Less : lnter segment asstes
Add : Unallocable corporate assets
Total assets
Segment Llabilities(a) Cutting tools(b) Unallocted(c)Others
Total segment liabilitiesLess : lnler segment liabilitiesAdd : Unallocable corporate liabilities
Total liabilitiEs
839 98
,rt*
839.98
558.54
,rr.ro
558.54
854.19
854.19
854.19
555.67
555.57
555.57
960.37
960.37
960.37
610.95
uro.r,
610,95
839.98
839-98
839.98
558.54
,rr.rn
558.54
960.37
,an,
960.37
610.95
610.9s
3ms
Plae: BangaloreDate! 30-05-20'18
stREcl0R
,
Corporite Office : "HTC ASPIRE., 2nd Flool #19, AliAsker Road, Bangalore-560 002. Tel : +91-80-4080 5000 Fax : 4086 5026
HITTCOTOOLSLTD. @AN ISO 9001-2008 COMPANY
HITTCO TOOLS LTD
Works =#78,lll Phase, Peenya lndustrialArea, Bangalore-560 058. Karnataka. INDIA Tel: 91-80-2839 2265 ,
Fax : +91-80-2839 40 49 E-mail : [email protected] Website : www.hittco.com CIN No. 128939KA1995P1C016888
of Assets and Liabilities
(Rs. ln lacs)
As at 31st March
,2OL7Audited
ASSETS
Non-current assetsa ) P ro pe rty, p la nt&eq u ip m e ntb)Capital work in progress
c)lnvestment Propertyd)Goodwill
As at 31st March2018
Audited
As at lstApril,2016.
Audited
e)Other lntangible Assets
lfl tntangible assets under
ldevelopment
153.14
47.25
445.37
632.07(3s0.63)
281-.44
422.54
20.00
493.!L
1.86.26
236.
4.02
66.21
20.36
201.90
224.49
6.47
g)Financial assets(i) lnvestments(ii) Trade receivables(iii) Loans
(iv) Other financial Assets
h) Deferred tax assets (net)i)Other Non current assets
Total Non current assets
Current assets
a)lnventories
b)Financial assets
i)lnvestments
ii)Trade receivables
iii)Cash and cash equivalentsiv)Other bank balancesv)Loans
vi)Other financial assets
c)Currrent Tax Assets (Net)
d)Other current assets
Total current asssets
Total Assets
Equity and Liabilities
Equity
a)Equity share capitalb)Other equityTotal Equity
Liabilities
,632.07
(282.6s)
349.42
632.07(24o.2s)
391.82
Corporate Office : "HTC ASPIRE', 2nd Floor, #19, AliAsker Road, Bangalore-560 002. Tel : +91-80-4086 5000 Fax : 4086 5026
Non-Current Liabilities
a)Financial Liabilities
i)Borrowings
ii) Other Financial Liabilities
b) Provisions
c)Deferred tax liabilities(Net)
d) Other non-current liabilities
otal Non current Liabilities *Current Liabilities
a)Financial Liabilities
i)Borrowingsii)Trade payables
iii)Other Financial Liabilities
)Other current Liabilities
)Provisions
)Current Tax Liabilities(Net)
otal Current Liabilities
otal Liabilities
otal Equity and Liabilities
Place:- Bangalore
Date:- 30-05-2018
L73.75
29.26
29.56
13.51
246.O8
19s.2s
29.61
46.05
L4.t6
285.O7
LtO7.68
93.17
91.24
24.66
9.13
325.88
610.95
950.37
H1TT
263.05
26.95
45.97
26.6L
352.58
98.53
82.99
72.2L
43.23
15.50
3!2.46
55.8.54
839.98
t34.3776.41,
76.03
55.84
3.59
346.24
708,82
1,100.54
'dlffiti'o*
I
HITTCOTOOLSLTD. @AN tSO 9001-2008 COMPANY
Works :#78,lll Phase, Peenya lndustrialArea, Bangalore-560 058. Karnataka. INDIA Tel:91-80-28392265,Fax : +91-80-2839 40 49 E-mail : [email protected] Website : www.hittco.com CIN No. 128939KA1995P1C016888
J.
Statement on lmpact of Audit Qualifications
;NF.lttit;Itit:tEEEIIIE
I
Statement on lmpact of Audit Qualifications for the Financial Year ended March 31, 2018 [SeeRegulation 33 / 52 of the SEBI (LODR) (Amendment) Regulations, 20161
Sl. No. Pa rticu lars Audited Figures(as reported
before adjustingfor qualifications)
Rs. ln Lakhs
Adjusted Figures(audited figures
after adjusting forqualifications)
Rs. ln Lakhs
1. Turnover / Total income @:9.72 649.72
2 Total Expenditure 717.7 717.7
3 Net Profit/(Loss) 67.98 67.98
4 Earnines Per Share (t.221 1.2215 Total Assets 839.98 839.98
6 Total Liabilities 558.54 558.54
7 Net Worth 281..44 281,.44
8 Any other financial item(s) (as feltappropriate by the management) -
Nil Nil
il Audit Qualification (each audit qualification separately):
a. Details of Audit Qualification:e Valuation of the work in progress and finished goods are not as per lnd AS 2 -'"lnventories"
b. Type of Audit Qualification : Qualified Opinion
c. Frequency of qualification: Repetitive
d. For Audit Qualification(s) where the impact is quantified by the auditor, Management'sViews:NAe. For Audit Qualification(s) where the impact is not quantified by the auditor:
(i) Management's estimation on the impact of audit qualification: Nil
(ii) lf management is unable to estimate the impact, reasons for the same: As per themanagement valuation of lnventory is Correct.(iii) Auditor:s' Comments on (i) or (ii) above: No such estimation received. lnd AS 2 to be
followed for valuation of inventory.
Corporate Office : "HTC ASPIRE', 2nd Floor, #19, Ali Asker Road, Bangalore-560 002. Tel : +91-80-4086 5000 Fax : 4086 5026
iil
!i.r:}
:?HITTSO TOOLS I*TD.
AN ISo 9001-2008 CottlPANY
i:,
.l
'&.
ii
aka' INDIA Tei: 9'!-80-28392265 '
Fax : +91*80.2839 40 49 E mail : salqs@hittco'** WifJ* : www'hittco'com ClN No' 128939KA1995P1C016888
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86 5000 Fax r 4086 5026