E> PREMIER LTD. Regd, Ofice: Mumbai-Pune Road, Chinchwad,Pune 411 019. ‘GIN: L3«t03PNi944PLco20e42 small: investors@premier.coin ‘Statement of Audited Standalone / Consolidated Financial Res its for the Quarter and Year ended 31st March, 2016 (aataine) Standatone [eonsotistes |S" |particutars Quarter | Quarter | Quarter ‘Year Year |vear ended No. ended | ended | ended | ended | ended | Si", onde 4.032046 311122016 | 91.032018| 91.032016 | 31.03.2016 + |income from operations coutton [tase Tues | tes) | acess | aosien| a Net Satentncome tom Operations 1554] 247a)——aone| oo] tecaal cu 2» oter Operating income xo aol tq sad |Total Income from operations(net) (a+b) 1561] 2501) 37 16| 10120} 16955) 4012 2 expenses oy Cost of metas consumed oro] tors] sone] zea] trz6r] za (@) Change mn vero of fished gods, wrkin progres and lockancrede ean] 0s] 2eses}——aasey]—azz0} ease employe benefits expanse sus] cai] one) ona) ates] c) Deprecason ra] 7134s) zza) zen] o) anorisaton | ws omer expenses sci]___a1ol___son]___—s0sa)__—aazel_——_ a Tota Expenses 2062] saral gore) vassal arial saan Prt (Loss rom operations (Before Other 3 lincome,Finance costs and Exceptional Items)(1-2) (1400) (rn) (peal sana ee) cersay 4 [omer income : : 5 [Prof (Loe) For arnary aves bla ance cots and excaponaltams (34 (vaon] corny} asa] ate] ren] ea a [Fnonce Costs ‘wer] 1547 tasal_—_svoal___ rr] sro 7 [Po (oss) Fon onary aces ater ance Gals butbeore exceptional ons (4) zene] ste] 71s] ceo] ooo] cca) 8 [Excoponal tons 209 375] 300 rare 9 [Protoss rom eanay activities before tax +8 aan] staf aria} asia} aan asta 10 [Texeenses la comer Tax 5 = 3 - [b) Oeenes Tax - | earl [arse - cl Provo or taction fr eter yar : = : E 11 [Net Protos) om ordinary activites atertox e710) | a2] stm ——6s8| asa] asa] a1 12 [Eonar tems = z B = 12 rt Potton fone peo 11-12) cs2sn| ast] oss | ast] asa] as] 14 [Pac-up equty Share Capa! (ace vie Rs.10 036m) sas] soar] soar] soar] 207s 15 Reserves exchsng Reval Reveres ci pi = | taroa] —zosas] Tao ae per he balance sheet of Previous Accounting Year 1 [Earning par share (aor & ar ext orary Ros) ors 10: ea (nt anvaises) (a) Bane rose] @29) 216) 20] (1509) 20 @ouies woe] (629) 24] 020] t500] (020 Page 1 of 3‘Segment Information for the Quarter and Year ended 31st March, 2016 (Ratabha) =—— Tandon [Fonsaidated s- lparicuos Guarer | Guarer | Guertr’| Voor] Veer] tear no. cnded_| ended | ended | ended | ended | ended stan o16| 3112 2018| 31.03.2018] s1002016 | 002016 | 310320168 sates, [UrausteT axsiay | cates. | dutta) | ante 1 lscgment Revenue I Enaieetng “so] zara seoo] sonal vera] aod by Auomotve 1 ol «ea ‘al raed “a ota est] ave] eo] wos] res] 4 aa , 7 i : : i Net salesiincome trom operations 7s] 2ara| —ae0a] nee] __reszs] ooo 7 [Segment Rosuts rot se brs ar and Fanos Sane a Engreerng ea| am sal aaa) aaa oa [bAutomotwe ol wo aa! aa can aaa [Total (1202)| (779)| (19)| (3362)| 160| (3362)| ess? nanco Cae aT] 607] a8] sre — ait — sre lec Unalocable expenditure netofincome | sacl 152] pas] esas] _13tol otal Pofios] Before Tax Gash at6)| — Gris} — ste) arn —— este] 3 [Segment Capita Employed ol Engieeing eanal —sonai] —aeaia| ——seusal ——assral aoa by Aulonowe 607] 1687] wast] 007] asi 1007 i Unalocted 03d] aa2e] —a7vaa) sease| arses] coos [otal Capil Employed sesvs] 100332] ezeial sesral szern]| ossr Notes: 41) The above results have been reviewed by the statutory auditors and the Aust Committee and approved by the Board of Directors {at their respective meetings held on 20th May, 2016. 2) The Company's performance was adversoly affected during the period under review, due to paucity of working capital, labour absenteeism and slower of-take by customers, particularly from windmill sector. The Company has undertaken various measures to rectly the situation, including change in product mixit has already recewved orders for Metre bogie chassis from Hyundai, ‘Alstom and BEML and execution has already commenced from the current quarter. 3) The overall order-book position of the Company is about Rs. 620 Cr. This inclides an yearly export of Rs. 20 Gr. All these ‘measures are expected to resul nto gradual improvement inthe performance of the Company. 4) The Company’ effort are on for sourcing addtional long-term working capital assistance under a Corrective Action Plan approved by the Company's lenders/ Bankers, 5) Exceptional tem in year to date figures includes profit of Rs 12884 lakhs arising on account of compensation due to be received for the compulsory acquistion of certain portions of company’s land at Dombivali by the Indian Railways, and writeoffs of intangible assets of Rs 4971 lakhs and certain current assets of Rs 175 lakhs as a measure of prudence in view of the reduced business activites of the company's automotive segment and provision for diminution in value of investment in associate company of Ris 362.22 lakhs. The Land acquisition by Indian Railway process is progressing and various key milestones have already been Completed. This would help the Company to reduce its term debt and also increase the availabilty of working capital during the rex financial year. 9) The figures of last quarter are the balancing figures between audited figures in respect ofthe full financial year and the published year-to-date figures upto the third quarter ofthe curent financial year. 7) The Company has adopted policy to consolidate the financials only at the year end-This is first year of presentation of Consolidated Financial Statements and therefore previous year consolidated figures are not presented. 8) Previous period / year gures have been regrouped and / or rearranged wherever necessary. For and on behalf of the Board of Directors Maitreya V.Doshi~ Chairman & Managing Director DIN : 00080755 Place : Mumbat Date : 20th May, 2016 Page 2 of 3Statement of Assets & Liabilities (ReLakhs) ; Sianaatone Consolidated articalane Feat 103 TS ASR HIE Bes at 31.03.2046 EQUITY AND LIABILITIES [Sharchotders' Funds a) Share Capital 203995 3039.95 3038.95 b) Reserves end surplus s7e0578 anes.rt| 4179519 —a4ea6.t4| 3760576 40645.71 Non Current Liabilities 1} Long tem borowings 16897 63, ass 42 sos9769 b) Other ong torm Eabitios 243138 243164 243138 le) Long term provisions S578 ts00479| 59229 t7857.35| 57578 990479 Current Liabilities la) Short term borrowings 1438221 1263831 1430221 li Trade Payabies 7248.15 4972.17 7248.15 |) Other Curent Liabities 1419091 1207699 1419081 ld) Short term provisions 20738 s6ozees| 20023 asen7.70| 20739 sara. Toa Equily and Liabiiios| WESTIE wen DETTE [ASSETS Non Current Assots a) Fined Assets Tangible assets 4886207 aorst.18 4886207 Intangbie assets 31579 2495.37 31579 Capa woken progress 8700 (0.00 87.00 Intangible Assets under development 0.00 sia 0.00 Ib} Non curentinvestments 025 36492 025 c)Detered ax asses (net) 4505.15 4505.15 4505.15 |) Long term loans and advances 2694.08 273294 2694 09 le) ter non-crrent assole 403 s454s.38| 19665 stosz7s| 103 sas45.38 (Current Assets a inventories 9866.11 sits? 9268.11 lb) Trade receivables 10476001 1307084 1047501 lc) Cash an Bank Balances 123088 137094 1230.88 ls) Short-term loans and advances 2145.12 189551 2145.12 le) One: current assets eso4es 2033.78 | 506628 s0vse.aa| 1690485 4200078 BEBTI.TE BETTS ESTEE For and on behalf ofthe Board of Directors the Ge. Maitreya V.Doshi Chairman & Managing Diector IN: 00060785 Page 3013K. S AIYAR & CO CHARTERED ACCOUNTANTS #67 Laxmi Mals Shakti Mils Lane (Of Dr E Moves Ré) Mahalasmi Mambsi 400 011 India ‘Tel = 91 22-2493 2502 / 6655 1770 Fax 91 22 6655 1774 (Grams: VERIFY wart KSAiyaccom Mal@KSAvyarcom Auditor's Report on Standalone 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, Premier Limited. 1. We have audited the standalone quarterly financial results of Premier Limited (‘the Company’) for the quarter ended 31" March, 2016 and the standalone financial results for the year ended on 31" March, 2016 attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEB! (Listing Obligations and Disclosure Requirements) Regulations, 2015 This statement is the responsibilty of the Company's management. ‘The standalone financial results for the quarter ended on 31" March, 2016 have been, prepared on the basis of the standalone financial results for the nine months period ‘ended 31" December, 2035, the audited annual standalone financial statements as at and for the year ended on 31% March, 2016 and the relevant requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ‘The standalone quarterly financial results ae the derived figures between the audited figures in respect of the year ended 31" March, 2016 and the published year to date figures up to 31" December, 2015 being the date of the end of the third quarter of the current financial year which were subject to limited review. (ur responsibilty isto express an opinion on these standalone financial results based (0n (a) our review of the standalone financial results for the nine months period ended ‘on 31" December, 2015 which was prepared in accordance with the recognition and ‘measurement principles laid down in Accounting Standard ~ 25, Interim Financial Reporting specified under section 133 of the Companies Act, 2013 and other ‘aecounting, principles generally accepted in India (b) our audit of the standalone annual financial statements as at and for the year ended on 31” March, 2026 and (c) the relevant requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. - Offices a a Chennai Kolkata Bangaru Coimbatore HyderabadK. S. AIYAR & CO CHARTERED ACCOUNTANTS 2. We conducted our audit in accordance with the Standards on Auditing generally accepted in India. Those Standards require that we plan and perform the audit to ‘obtain reasonable assurance about whether the standalone financial results are free from material misstatement. ‘an audit includes examining on a test basis, evidence supporting the amounts disclosed in standalone financial results. An audit also assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion. 3, In our opinion and to the best of our information and according to the explanations, fiven to us, these quarterly financial results as well as the year to date results are (i) are presented in accordance with the requirements of Regulation 33 of the ‘SEB! (Listing Obligations and Disclosure Requirements) Regulations, 2015 and (il) givea true and fair view of the net loss and other financial information for the ‘quarter and the year ended on 31" March, 2016. 4, Further, read with Paragraph 1 above, we report that the figures for the quarter ‘ended 31" March, 2016 represent the derived figures between the audited figures in respect of the financial year ended 31" March, 2016 and the published year to date figures up to 31" December, 2015 being the date of the end of the third quarter of the current financial year which were subjected to limited review as stated in paragraph 1 above, as required under Regulation 33 of the SEB! (Listing Obligations ‘and Disclosure Requirements) Regulations, 2015. For KS.Alyar & Co; Chartered Accountants; ICAI Firm Registrasfon No. 100186 W 1EGH Spot Partner M.No. 38526 Place: Mumbai Date: 20" May, 2016K. S. AIYAR & CO CHARTERED ACCOUNTANTS #F-7 Laxmi Mile ‘Shake Milt Lane (OF Dr E Motes Ra) (aalssai Mamba 400011 Toda ‘Tel = 91 222493 2502 / 6685 1770, Fax 91 226685 1774 Grams : VERIFY ‘wir KSAlyatcom Mal@KSAraecom Auditor's Report on Consolidated Year to date Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 To, The Board of Directors, Premier Limited. 1. We have audited the consolidated year to date financial results of Premier Limited (‘the Company’) for the year ended 31% March, 2016 attached herewith wherein Company's investment in one of its Associate namely Pal Credit & Capital Limited has been accounted as per Accounting Standard 23, i.e’ Accounting for Investments in Associates in Consolidated Financial Statements’ specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company has adopted policy to consolidate the financial statements only at the year-end. Therefore consolidated quarterly results are not prepared by the Company. ‘This statement is the responsibility of the Company's management. ‘The consolidated year to-date financial results for the year ended on 31° March, 2016 have been prepared on the basis of the separate audited financial statements of the Company and its Associate audited by other auditors and the relevant requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Our responsibility is to express an opinion on these consolidated financial results based on (a) our audit of the consolidated annual financial statements as at and for the year ended on 31° March, 2016 and (b) the relevant requirements of Regulation 33 of the SEB! (Listing Obligations and Disclosure Requirements) Regulations, 2015. Offices also at . Chennai Kolkata Bangaru Coimbatore HydersbadK. S| AIYAR & CO CHARTERED ACCOUNTANTS 2. We conducted our audit in accordance with the Standards on Auditing generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial results are free from material misstatement. ‘An audit includes examining on a test basis, evidence supporting the amounts disclosed in consolidated financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. ‘We believe that our audit provides a reasonable basis for our opinion. 3. Based on our audit and on consideration of report of other auditors on ‘separate year to date financial statements of the associate, in our opinion and to the best of our information and according to the explanations given to us, this year to date results are (i) are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and (ii) givea true and fair view of the net loss and other financial information for the year ended on 31* March, 2016. For K.S. Alyar & Co; Chartered Accountants; ICAI Firm Registrption No. 100186 W Partner M. No, 38526 Place: Mumbai Date: 20" May, 2016© PREMIER LTD. Engineering * Automotive [For Audit Report without unmodified opinion] [Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015] 1 Name of the Company Premier Ltd 2 Annual financial statement for the | 31“ March, 2016 (Standalone) year ended | 3. _ | Type of Audit observation Un-modified 4, __| Frequency of observation Not applicable Mahe Ge Paw, Maitreya V. Doshi S. Padmanabhan (Chairman & Managing Director) (Audit Committee Chaigman) KS. Nair (Chief Financial Officer) Gorporate fice: 58, Nariman Bhavan, Nai 22551179008, Registored Office & Works: Murnbs-Pune Road, Chindhwad, Pune 411018, dl, Tot +91-2066910000 / 27475161, Fax: 81-206 ‘worn premiencan . ‘on sL3stogpnts4eLcoa42© PREMIER LTD. Engineering + Automotive Form -A [For Audit Report without unmodified opinion] [Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015] 1 Name of the Company Premier Ltd 2 Annual financial statement for 31* March, 2016 (Consolidated) * | the year ended | - | 3. | Type of Audit observation Un-modified | 4. | Frequency of observation Not applicable ML. Cee TA Maitreya V. Doshi 'S. Padmanabhan (Chairman & Managing Director) (Audit Committee Chairman) KS. Nair (Chief Financial Officer) Corporate Office: 58, Nariman Bhavan, Nariman Point, Mumbai - 400021, India. Tel: #91-22.1179000 | 6117900 Registered Office & Works: Munba-Pure Road, Chinchwad, Pune 411019, India, Tk: #91-20-66810000/ 27476161, Fax: +9°-20-689%0371 vws.promionco.n (Gn: LaqageMapasPucoensea