Upload
others
View
0
Download
0
Embed Size (px)
Citation preview
IIIIIIIIIIu.....“"“|II'®
IgigII
SHREE HARI CHEMICALS EXPORT LIMITEDCORPORATE OFF.: 103/104. UNIQUE TOWER. S. V. ROAD, NEAR KAMAT CLUB. GOREGAON (W), MUMBAI - 400 062. (INDIA)
TEL.: (91-22) 28787081 /2/3 0 Fax: (91—22) 28725033 - e-mail: shreeharichem©gmaiLcom / shc@vsn|rnet
website : www.8hreeharichemicals.in 0 DIN Nor L99999MH1987CO44942
Date: February 08, 2018
To,
The General ManagerDCS - CRD
BSE LIMITED
Phiroze Jeejeebhoy Towers
Dalal Street,
Mumbai 400 001
Scrip code: 524336
Dear Sir,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, this is to inform you that at the Board
Meeting held on Thursday, February 08, 2018 the Board approved the
following:
1. Un—audited Financial Results for the quarter ended on December 31, 2017.
2. Re—appointment of Shri Hanuman Prasad Ramuka (DIN: 02440114) as
Whole- Time Director of the Company for a period of three years with effect
from 30th April, 2018, subject to the approval of members in the General
Meeting.
The Meeting commenced at 1.00 pm. and concluded at 3.30 pm.
Enclosure:
1. Unaudited Financial Results for the quarter ended on December 31,
2017 along with the Limited Review Report of the Auditors.
2. Brief profile of Shri Hanuman Prasad Ramuka..
Thanking you.
Yours faithfully,
For SH EE HARI CHEMICALS EXPORT LIMITED
‘1/
ANUP RAMUKA
Managing Director
REGD. OFF. ll WORKS :
A/B, M.I.D.C‘ INDUSTRIAL AREA, MAHAD, DIST : RAIGAD (M.S.) TEL.: (91-2145) 232177
SHREE HARI CHEMICALS EXPORT LIMITEDCORPORATE OFF.: 103/104, UNIQUE TOWEFI, S. V, ROAD, NEAR KAMAT CLUB, GOREGAON (W), MUMBAI - 400 062. (INDIA)
TEL.: (91-22) 28787081 / 2 / 3 - Fax: (91-22) 26725033 - e-mail: [email protected] I [email protected]
website :www,shreeharichemicaisin - CIN No. L99999MH1987CO44942
IIIIIIIIIII..- IIIIII'"®
I“)fié’vIIIIIIIlI
1|)
STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 ST DECEMBER 2017
R in Lakhs)
(Except EPS)
5R. plmwlanFor the Quarter Ended For the Nine Months ended on Year Ended
NO. Dec 31,2017 Sept 30,2017 Dec 31,2016 Dec 31,2017 Dec 31,2016 March 31,2017
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)
1 Revenue From Operation 1,190.66 1,665.08 2,595.70 4,372 .64 7,933. 72 11,470 33
2 other Income 32.64 46.55 71.79 142.20 193.26 235.77
3 Toni Income (1+2) 1,223.50 1,711.63 2,667.49 4,514.64 6,126.99 11,707.10
4 Expenses
a Cost of Materials Consumed 617.04 622.70 1,762.26 2,626.61 5,121.01 7,054,723
b Purchases of Stock—in-Trade- - -
- 43.84 43.84
5 Changes in inventories or Finish goods,work-in-progress and stock-
in-trade 122,12 379.93 (352.97) 355 04 (169.53) 103.39
d Employees benefit expenses 267.27 23979 350.13 771.41 962.97 1,277.70
e Finance cost 1.19 1.23 10.66 425 15.76 22.31
t Depreciation and amortisation expenses 91.59 90.60 76.69 272.62 212,42 276.70
9 Other expenses360.63 401.97 613.62 1,263.35 2,049.50 3,100.70
Total Expenses (a to 9) 1,460.05 1,936.21 2,660.39 5,513.27 6,235.96 11,676.37
5 ProfltI(Loss) baton Tax (3-4) (236.55) (224.56) 7.10 (996.44) (106.99) (172.27)
6 Tax expenses
3 Current Tex-
--
--
-
b Deferred tax (72.96) (80 23) (25.56) (364 99) (41.09) 16.61
c Short/excess provision for earlier periods 0.00 5108 ~ 51.08 --
Total Tax expenses (7296) (29.15) (25.55) (333.91) (41 09) 16.61
7 Net Profitl(Loss) tor the Perlod (55) (15358) (1135,43) 32.68 (564.53) (67.90) (mess)
8 other Comprehensive income
items that will not be reclassified to prolit or loss
i. Remeasurement of the delind benefit plans.-
- —- 434
ii. income tax relating to items that will not be reclassified to
profit or loss ..
-< (1.34)
Total other comprehensive lnceme,net of Income tax-
--
- 3.00
9 Total Comprehensive income for the perIod (7+8) (183.58) (195.43) 32.66 (664.53) (61.90) (185.88)
10 Paid up Equity Share Capital (Face Value Rs.10 each) 444.63 444.63 444.63 444.63 44463 444.63
Face value of share( ') 10.00 10.00 10.00 10.00 10.00 10.00
11 Reserves Excluding Revaluation Reserve-
--
- 4,511.94
12 Earnings per share (of Rs 10 each) (not annualised)
a) Basic (368) (4.40) 0.74 (14.95) (1.53) (4,18)
b) Diluted.
(3.66) (4.40) 0.74 (14.95) (1.53) (4.18)
REGD. OFF. 61 WORKS :
A/B, M,|.D.C. INDUSTRIAL AREA, MAHAD, DIST : FIAIGAD (M,S.) TEL: (91-2145) 232177
SHREE HARI CHEMICALS EXPORT LIMITEDCORPORATE OFF.: 103/104, UNIQUE TOWER, S. V. ROAD. NEAR KAMAT CLUB, GOREGAON (W), MUMBAI - 400 062. (INDIA)
I .2?»IIII nI
IIIIIIIIIIn... mumI TEL.: (91—22) 28787081 /2 / 3 0 Fax: (9122) 28725033 I e-mail: shreeharichem®gmail.com/[email protected]
website :www.5hreeharichemicalsin I CIN No. L99999MH1987CO44942
.||
Notes :
N
1 The above results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors at its meeting
held on 8th February ,2017. A limited review of the results for the quarter and nine months ended 31122017 has been carried out by
the Company's statutory auditors The corresponding financial information of the Company for the quarter and nine months ended
31122016 is based on the previously issued and reviewed quarterly financial results prepared in accordance with applicable
accounting standards. Such information has been adjusted for the differences in the accounting principles adopted by the Company
in the process of transition to Ind-AS.
The above results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules,2015 (Ind AS)
prescribed under section 133 of the Companies Act,2013 and other recognised accounting practices and policies to the extent
applicable Beginning April 1,2017 ,the Company has for the first time adopted Ind A5 with a transition date of April 1,2016
The Company operates in a single business segment and therefore, has only one reportable segment in accordance with Ind AS 108
"Operating Segments"
4 The Ind AS compliant corresponding figures for the period as reported above have not been subject to limited review. However,
management has exercised necessary due diligence to ensure that such financial results provide true and fair view of its affairs.
There is possibility that these quarterly financial results may require adjustments before constituting the final Ind AS Financial
Statements as of and for the year ending March 31, 2018 due to changes in financial reporting requirements arising from new or
revised standards or interpretations issued by MCA or changes in use of one or more optional exemptions from full retrospective
application as permitted under Ind AS 101,
Under previous GAAP, investments were stated at lower of cost and fair value. Under Ind AS, these financial assets have been
classified as FVTPL on the date of transition and fair value changes after the date of transition has been recognised in profit or loss.
Under previous GAAP, dividend payable is recognised as a liability in the period to which it relates. Under 1nd AS, dividends to
shareholders are recognised when declared by the members in a general meeting.
The figures for the previous period has been regrouped/reclassified, wherever necessary in order to conform to the current
grouping/classification.
Reconciliation of Net Profit as previously reported under GAAP and Ind A5 for the period as reported above have given in
Annexure-I. Reconciliation of Equity as previously reported under GAAP and Ind A5 for the period as reported above have given in
Annexure—II
For and behalf of the Board
SHREE HARI CHEMICALS EXPORT LTD.
/
Place - Mumbai WAL ANUP RAMUKA
Date February 08,2018 CHAIRM N & ECUTIVE DIRECTOR MANAGING DIRECTOR
[DINzOOlZlDBO] [DIN:00755748]
FIEGD. OFF. 8: WORKS :
N8, M.|,D.C. INDUSTRIAL AREA, MAHAD, DIST : HAIGAD (M5,) TEL.: (91-2145) 232177
_.-‘ ®
=-=-'-=_._ SHREE HARI CHEMICALS EXPORT LIMITED__=_: 2 CORPORATE OFF; 103/1 04, UNlOUE TOWER, s. v. ROAD, NEAR KAMAT CLUB, GOREGAON (W). MUMBAl - 400 062. (INDIA)
Eafl'E TEL.: (91-22) 28787081 / 2 / 3 - Fax: (91-22) 26725033 - e—mail: shreeharichem©gmailcom / [email protected]
_§fl.!:E website :www.shreeharichemicals.in - CIN NO. L99999MH1987CO44942
Knnexure - I
Reconciliation of Net meit as previausly reported on account of transition from the previous Indian GAAP (‘0 Ind A5 for the Quarter Ended December 31,2016, nine months ended December 31, 2016 and year ended March 31, 2017
R in Lakhs)
For Quarter ended Slat For Nine Munths ended
particulars December, 2015 315! December, 20165°” “'9 ye" "‘“d .31"
. March, 2017 (unaudited)(unaudited) (unaudited)
Net pmfit aftertax as mported under pmious GAAP 31.53 (69.15) (153.29)Effect Of measuring Investments 3) Fair Value through profit or 1055 1.15 1.76 (3.75)Deferred Tax adjustments (0.33) (0.52) 2.50
Remeasuremem uI defined benefit plans recognised in Other ComprehensiveIncome
--
(4.34)Net Profit for the yeavperiad as per Ind AS 32.68 (67.90) (153.35)Other Comprehensive Income , . 3.00
Total Comprehensive Income for the year/period as per Ind AS 32.68 (67.90) (185.88)
Annexure - II
Reconciliatinn of Equity as reported under previous GAAP is summarised as follows :
R in Lakhs)
ParticularsFor the year ended Slst For the year ended Isl
Mmh, 2017 (unaudited) April, 2016 (unaudited)
Total Equity (shareholder's funds under Previous GAAP) 4,537.14 4773.95
Reversal of proposed dividend (including dividend dislribution tax) in the absence
of Obligating event 5351 53.51
Effect of measuring investments in Equity Shares 6: Mutual Funds 3! fair value
through profit or loss 30.79 34.55
Deferred Tax on Ind AS adjustments (9.52) (10.67)Tatal Equity under Ind AS 4611.94 4851.34
Place: Mumbai
Date: February 08,2015
For and behalf of the Board
SHREE HARI CHEMICALS EXPORT LTD.
:00"” mmac. R WALK/aCHAIRM N8: ECUTIVE DIRECTOR
[DIN:00121080]
HEGD. OFF. Sr WORKS :
N8, M.I.D,C. INDUSTRIAL AREA, MAHAD, DIST : FIAIGAD (M.S.) TEL.: (91-2145) 232177
(4/
ANUP RAMUKA
MANAGING DIRECTOR
[DIN:00755748]
g. Q). Sirgflvi & Company (ma)CHARTERED ACCOUNTANTS %
6-A/1, NEW EXCELSIOR BLDG., WALLACE STREET. FORT, MUMBAI - 400 001.
TEL. : 2207 7840 / 2207 4622 I FAX: (022) 2200 0165 0 Email [email protected]
CA. L. G. SINGHVI CA. S. G. SINGHVI
B.Com. F.C.A B.Com. F.C.A
INDEPENDENT AUDITOR’S REVIEW REPORT
To,
The Board of Directors
Mls Shree Hari Chemicals Export Limited
We have reviewed the accompanying statement of unaudited Financial Results of Mls SHREE
HARI CHEMICALS EXPORT LIMITED (“the company") for the period ended December 31,2017
being submitted by the Company in pursuant to the requirement of Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulation 2015, as modified by Circular No.
"CIR/CFD/FAC/62/2016" dated July 05, 2016 and “ClR/IMD/DF1/69/2016" dated August 10, 2016.
This statement is the responsibility of the Company’s management and has been approved by the
Board of Directors and has been prepared in accordance with the recognition and measurement
principles laid down in Indian Accounting Standards i.e. Ind AS, prescribed under section 133 of the
Companies Act, 2013 read with relevant rules issued there under and accounting principles
generally accepted in India. Our responsibility is to issue a report on the statement based on our
revrew.
We conducted our review in accordance with the standard on review engagement (SRE) 2410
“Review of Interim Financial Information performed by Independent Auditors of the Entity" issued by
the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the
review to obtain moderate assurance as to whether the statement is free of material misstatement.
A review is limited primarily to inquiries of company personnel and analytical procedure applied to
financial data and thus provides less assurance than an audit. We have not performed an audit and
accordingly, we do not express an audit opinion.
Based on our review conducted as stated above, nothing has come to our attention that cause us to
believe that the accompanying statement of unaudited financial results has not been prepared in all
material respects in accordance with applicable Indian Accounting Standards (i.e. Ind AS) and other
recognized accounting practices and policies, and has not disclosed the information required to be
disclosed in terms of Regulation 33 of the Listing Regulations, 2015 as modified by Circular No.
“ClR/CFD/FAC/62/2016" dated July 05, 2016 and “ClR/lMD/DF1/69/2018" dated August 10, 2016,
including the manner in which it is disclosed, or that it contains nay material misstatement.
FOR MIS G. D. SINGHVI 8: COMPANY
CHARTERED ACCOUNTANTS
Firm Reg 110287W
l
S. G. l I
PARTNE Place: Mumbai
Date: 08/02/2018
|IIIIIIIIII.... IIIW'"
@
I'
I fi’IIIIII
I;11 I'I
I“
SHREE HARI CHEMICALS EXPORT LIMITED
CORPORATE OFF: 103/104, UNIQUE TOWER, S, V, ROAD, NEAH KAMAT CLUB, GOREGAON (W), MUMBAI - 400 062. (INDIA)
TEL.: (91-22) 28787081 (2 / 3 - Fax: (91-22) 28725033 I e-mail: shreeharichem®gmaiLcom / [email protected]
website :www.shreeharichemicalsin - CIN No. L99999MH19E7CO44942
RE—APPOINTMENT OF SHRI HANUMAN PRASAD RAMUKA
Reason for change: Re—appointment
Date of Re-Appointment: Effective date of re—appointment is 30th April, 2018.
Term of Appointment: Re-appointed as Whole- Time Director for the period
of three years with effect from 30'h April, 2018.
Brief Profile: Shri Hanuman Prasad Ramuka, 46, is a Bachelor of Commerce
and also a Chartered Accountant. He has over 21 years of experience in
Chemical Industry. He is responsible for Management of Plants activities of
the company. He has been Whole time Director of Shree Hari Chemicals
Export Limited since 2008.
Disclosure of relationships between directors
There is no pecuniary relationship between Shri Hanuman Prasad Ramuka
and other directors of the Company.
REGD. OFF. 8: WORKS :
A/B. M.I.D.C. INDUSTRIAL AREA, MAHAD, DIST : HAIGAD (M.S.) TEL.: (91-2145) 232177