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I
lD.No, 25-18-54
IO . Crane Beteane
Emile lllllaSlllllilUle lld., ugfnPgS/gjrgvair‘zitohgggarGUNTUR - 522 004, AP.W
cm NO :- L45209AP2008PLC059135 ’5? 0863 - 2223311_\
To,
The General Manager,llSE Limited,
P] 'l‘owersDalal Street,
Mumhaifl 00001
Sub; Outcome ofthe Board Meeting
Dear Sir, We hereby inform you that the Board of Directors of the Company at its meeting heldtoday at its registered office inter-alia resolved the following:
1. Approved and taken on record the standalone audited financial results for the quarter/yearended March 31, 2018 and the audited financial statements (standalone) for the year endedMarch 31, 2018.
Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, we enclose the following:
a. Copy ol'nudited financial results (standalone) for the quarter and year ended March 31, 2018.
h. Auditors' Report on the Audited financial results.
Pursuant to Regulation 33 of SEBI [Listing Obligations and Disclosure Requirements)Regulations, 2015 we hereby confirm that the report ofthe auditors is with unmodified opinionwith respect to the audited financial results of the company for the quarter/year ended March3 l, 2018. The Board meeting commenced at 4:00 PM and concluded at 5.30 PM.
We request you to kindly bring the above information to the notice of members.
Yours truly,
Pm Kotliuri
(Executive DirectorD
UMAMAHESWARA RAO & CO.,CHARTERED ACCOUNTANTS
PARTNERSV V. S. RAVI, B.Com., A.C.S.. RCA, [3. RADHAKRISHNA, B.Sc., F.C.A.,o SIVARAMAKRISHNA PRASAD. B.Com. r.c.A.. G. BABU SRIKAR, B.Com.. F.C.A.1.. SHYAMA PRASAD, I3.Com.. no»...
, s. CI-IANDRASEKHARA SAI KRISHNA, B.A., RCA.5. eru GOPAL, B Com
, LLB, F.C.A., o.i.s.A., A. RAKESH BHANU, B.Com., Grad. c.w.A., r.c.A.,RR, DAKSlllNA MURTHY. 3Com, F.C.A.. D.I.s.A..
M,_ 7/ A. ADITYA PAVAN KUMAR, M.Com, Grad. own, ACA
r' KISHORE, B.Conl.. r.c.A., D.I.S.A., o. H, KRISHNA SAI, B.Com., A.C.A.. D.I.R.M.,,N. MUKTESWARA RAO, B.Com.. F.C.A., D.I.S.A., G. KOTESWARA RAO, B.Com., A.C.A.,A SIVA PRASAD. B.Cum., Grad. C.W.A.. F,C.A.. D.l.S.A., S. HSYSARMA, B.Com., AC.A.,
Independent Auditors Report on Financial Results of the Crane Infra StructureLimited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 1955
To
The Board of Directors of
Crane Infrastructure Limited
We have audited the accompanied financial results of Crane Infrastructure Limited for the quarterand Twelve Months ended 31-Mar-2018 for the period 01-Apr-2017 to 31-Mar—2018, attachedherewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015. Attention is drawn to the factthat the figures for the quarter ended 31 March 2018 and the corresponding quarter ended in theprevious year as reported in the Statement are the balancing figures between audited figures inrespect of the fiill financial year and the published unaudited year to date figures up to the end ofthird quarter of the relevant financial year. The figures up to the end of the third quarter of therelevant financial year have only been reviewed and not subjected to audit.
These financial results as well as the year to date financial results have been prepared on the basis ofthe reviewed financial statements upto the end of third quarter and audited standalone financialstatements respectively, which are the responsibility of the Company’s management. Our
responsibility is to express an opinion on these financial results based on our audit of such financialstatements, which have been prepared in accordance with the recognition and measurement
principles laid down in companies (Indian Accounting Standards) Rules, 2015, as per Section 133 ofthe Companies Act, 2013 read with relevant rules issued thereunder; or by the Institute of CharteredAccountants 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. Thosestandards require that we plan and perform the audit to obtain reasonable assurance about whetherthe 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 includesassessing the accounting principles used and significant estimates made by management. We believethat our audit provides a reasonable basis for our opinion.
Based on our audit conducted above, in our opinion and to the best of our information and accordingto the explanations given to us these quarterly financial results as well as the year to date resu
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UMAMAHESWARA RAO & CO.,CHARTERED ACCOUNTANTS
PARTNERSv. v s. RAVI, B.Com., A.C.S.. RCA, B. RADHAKRISHNA. B.Se.. RCA.0, SlVARAMAKRlSHNA PRASAD. 8Com. RCA. 0, DABU SRIKAR. B.Com.. RCA.L SHYAMA PRASAD. B.Com.. F.C.Ar.
, s. CHANDRASEKHARA SA] KRISHNA, BA. RCA.5. VENU GOPAL. B.Com., L.L.B., .CA. D,I.SrA., A. RAKESH BHANU, 3Com, and. C.W.A._ RCA,RR. DAKSHINA MURTHY. B.Com.. F.C.A., DrlrS.A.. A4 ADITYA PAVAN KUMAR. M.Com, em, own, A9,;9 KISHORE, B Com, F.CrA., D,l.SrA., G, H. KRISHNA SAL steam, ACA. mum.”N. MUKTESWARA RAO. neon... F.C,A., D.l.S.A., o, Korssw/um RAO. B.Com., A.C.A.,A. SIVA PRASAD, B.Com., Grad. c.er., F.C.A., D.I.S.A,_ s. HSY sum. 5Com, AC.A.,
(i) are presented in accordance with the requirements of Regulation 33 of the SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015 in this regard; and
(ii) give a true and fair view of the net profit/ less and other financial information for the quarterand Twelve months ended 31-Mar-2018 as well as year to date results for the period from01-Apr-2017 to 31-Mar-2018
For Umamaheswara Rao & CO.,Chartered Accountants
Firm Regn No: 004453 SPlace: Guntur
Date: 30'h May, 2018
(CA. S.HSY Sarma)Partner
Membership No. 234083
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CRANE
INFRASTRUCTURELIMITED
D.No.
Statementof
FinancialResultsfor
the
Quartedand
Scripcode:
538770
25-18-54,Opp:
CraneBetelNut
PowderWorks,Main
Road,
SampathNagar,
Guntur-
522
004
year
ended
31-03-2018
(Rs.In
Lacs)
Quarterended
Year
ended
Particulars
31-Mar—1831-Dec-17
31-Mar»l7
31-Mar-18
31-Mar-17
Audited
hauditedAudited
Audited
Audited
1
Income
1
Revenuefrom
operations
20.48
18.66
24.38
76.45
72.99
3
Other
income
1.20
0.59
1.02
3.47
5.82
3
Total
income
21.68
19.24
25.40
79.91
78.81
4
Expenses
(21)
Costof
materials
consumed
—
_
-
.
_
(b)
Purchases
ofstock-in-trade
.
V
-
.
.
(C)
Changesin
inventoriesof
finishedgoods.
work-in-progressand
stock-in-trade
-
-
-
-
.
(d)
ExciseDuty
.
.
.
_
(e)
Emp1oyeebenefit
expense
(1.65)
1.35
1.35
2.40
5.40
(0
Financecosts
_
_
_
_
_
(D
Depreciation,depletionand
amortisationexpense
3.49
3.19
3.46
13.07
12.99
(11)
Other
Expenses
1.27
8.32
2.17
20.88
9.68
Total
expenses
3.11
12.86
6.98
36.35
23_07
5
Total
profit
before
exceptionalitemsandtax
(5-4)
13.57
6.38
18.42
43.57
50_74
6
Tax
expense
(8)
Currenttax
3.38
1.19
4.80
8.45
13.61
(b)
Deferredtax
—
-
.
-
_
7
Net
ProfitLossfor
the
period/
year
from
continuingoperations(5-6)
15-13
5-19
13-61
3512
37-13
8
Other
comprehensiveincomenet
oftaxes
-
—
.
A
(i)
itemsthatw
1
notbe
reclassifiedto
profitor
loss
.
.
.
.
_
(
Incometax
relatingto
Itemsthatwi1|notbe
reclassifiedto
profitor
loss
»
~
-
—
»
B
(1)
itemsthat\
be
reclassifiedto
profitor
loss
.
.
.
.
,
(ii)
Incometax
relatingto
ltemsthat
\\111be
reclassifiedto
profitor
loss_
.
.
.
.
.
9
Total
ComprehensiveIncomefor
the
period(7+8)
1518
5.19
13.01
55.12
3113
10
Detailsof
equityshare
capital
Paid~upequityshare
capital
724.20
724.20
724.20
724.30
724.20
Face
valueof
equityshare
capital
10.00
10.00
10.00
1000
10.00
11
Detailsof
debt
securities
Paid-updebt
capital
-
-
-
—
Face
valueof
debt
securities
-
-
-
-
12
Reserves
excludingrevaluation
reserve
248.69
227.57
213.57
248.69
213.57
13
Debentureredemptionreserve
-
~
-
—
14
Earningsper
share
i
Earningsper
equitysharefor
continuingoperations
Basic
earnings(loss)per
sharefrom
continuingoperations
0.21
0.07
0.19
0.48
0.51
Diluted
earnings(loss)per
sharefrom
continuingoperations
12]
0.07
0.19
0.48
0.51
ii
Earningsper
equitysharefor
discontinuedoperations
Basic
earnings(loss)per
sharefrom
discontinuedoperations
-
-
-
-
-
Diluted
earnings(loss)per
sharefrom
discontinuedoperations
~
-
-
-
~
ii
Earningsper
equityshare
Basic
earnings(loss)per
sharefrom
continuingand
discontinuedoperations
0.21
0.07
0.19
0.48
0.51
Diluted
earnings(loss)per
sharefrom.
continuingand
discontinuedoperations
0.21
0.07
0.19
0.48
0.51
15
Debt
equityratio
-
~
-
—
-
16
Debt
service
coverageratio
-
-
-
-
-
17
Interestservice
coverageratio
-
-
>
-
-
tes1
The
resultsfor
the
quarterended
March31.
2018were
auditedand
recommendedby
the
audit
committeeand
approvedby
the
Boardof
Directorsin
its
meetingheldon
30-
May~2018.The
above
resultsfor
the
quarterand
year
ended
March.2018have
been
auditedby
the
statutoryauditorsofthe
companyin
termsof
Regulation33
ol‘theSEBI
(Listing
obligationsand
Disclosure
Requirements)Regulations.2015.
However.the
Company‘s
Managementhas
excercisednecessarydue
deligenceto
ensurethatthe
financialresults
providea
trueand
fair
viewofits
affairs.
2
This
statementhas
preparedin
accordancewiththe
Companies(Indian
AccountingStandards)Rules.2015
(IndAS)
prescribedunder
section133
ofthe
CompaniesAct.
2013and
other
recognisedaccountingpracticesand
policiesto
the
extent
applicable.BeginningApril1.
2017the
companyhasfor
the
first
time
adoptedIncl
AS
witha
transitiondate
oprrill.
2016.
3
The
statementdoesnot
includeInd
AS
compliantresultFor
the
preceedingquarterand
previousyear
ended
March31.
2017asit
is
not
mandatoryas
per
SEBl's
circular
datedJuly5.
2016.
4
The
formatfor
tin—auditedquarterly
resultsas
prescribedin
SEBI'S
Circular
CllVCFD/CMD/lS/ZOlSdated:
November30.
2015has
been
modifiedto
Complywith
requirementsoi‘SEBI's
circulardated
July5.
20161NDAS
and
scheduleIII.
(DivisonII)
to
the
CompaniesAct.
2013
applicableto
companiesthatare
requiredto
comply
withINDAS.
5
The
Reconciliationofnet
profitor
loss
reportedin
accordancewith
lndian
GAAPto
total
comprehensiveincomein
accordancewith
INDASis
given
below:
Quarter
Year-to-date
Description
31-Mar—17
31—Mar-17
Net
Profitas
per
previousGAAP
(IndianGAAP)
.
13.61
37.13
Add/Less:Increase/
(Decrease)in
Net
Profitas
reportedunder
Indian
GAAP
~
Reclassificationof
measurementof
employeebenefits
-
Taxeson
accountof
aboveitems
Net
Profitas
per
INDAS
13.61
37.13
Other
ComprehensiveIncome.netof
incometax
Total
ComprehensiveIncomefor
the
period
6
Previousperiod
figuresare
re-arranged/re-grouped
wherevernecessary
13.61
37.13
/,.
y
rderof
the
Board
Place:
Guntur
Date:
30»May-2018
/llwt"
H
;/
K.PraveenExecutiveDirector
CRANE INFRASTRUCTURE LIMITEDl)..\0. 25-18-54. Opp: Crane Betel Nut Powder Works, Main Road, Sampath Nagar,
Statement ofAssets & Liabilities as at Slst March, 2018
(Rs. In Lacs)
Guntur - 522 004
(Rs. In Lacs)
Particulars AS at As at
3lst March, 2018 31st March, 2017Non-Current Assets
I (it) Properly. Plant and Equipment2,370.53 2,402.47(1)) Capital Workin Progress
370.86 370.86(c) Investment Property0.00 0.00(d) Intangible Assets (Goodwill on consolidation) 0.00 0.00(ct Intangible Assets under Development0.00 0.00(I) Financial Assets0.00 0.00(g) Deferred Tax Assets (net)0.00 0.00(h) Ineome Tax Assets (Net)
10.14 21.48ti) Other NorrCurrent Assets1.20 0.72Sub—total Non-Current Assets
2,752.73 2,795.542 Current assets
(:1) Inventories94.33 94.33(h) Financial Assets
(i) Investments
tii)'| rade Receivables7.24 1.71tiii)Cush and Cash Equivalents3.34 5.67(i\) Other Bank balances1.16 13.92(V) Loans
0.00 0.00m, Others
000 0.00(c) Short-Term Loans and Advances79.05 46.30((1) Other Current Assets0.00 0.00Sub-total Current Assets
185.12 161.94TOTAL ASSETS2,937.86 2,957.481. EQUITY AND LIABILITIES
EQUITYl (1]) [Equity Share Capital
724.20 724.20(b) Other Equity (Incl. Revaluation Reserve) 2,022.49 2,006.25total Equity2,746.69 2,730.45LIABILITIES
Z Non-Current Liabilities
(:1) Financial Liabilities
(i) Borrowings148.19 168.34(ii) Other financial Liabilities
(b) I’rmisions
0.00 0.00(e) Other Non-current Liabilities0.00 0.00Sub-total Non—Current Liabilities
148.19 168.343 Current Liabilities
(a) Financial Liabilities0.00 0.00(i) Borrowings0.00(ii) Trade Payables0.00(iii) Other financial Liabilities0.00(b) Provisions8.70 21.08(e) Other Current Liabilities
34.28 37.60Sub—total Current Liabilities42.98 58.68TOTAL EQUITY & LIABILITIES
2,937.86 2,957.48
/
rder of the BoardPlace: Guntur
Date : 30-May—2018
Executive Director
