FIEM INDUSTRIES LTD. 5 [REGISTERED OFFICE: D-34, DSIOC Paciaging Complex. Kit Nagar, New Oehi-1 1001S (NDIA) * World Tek: +91 112592 7919 / 7820 Fax: +91 11 2592 7740 E-mall:nvesior@liemindstes com e Worl Website wirwfiemindusties com GIN: L969890L1969PLC034928 Wale lean Light Up Th ‘STATEMENT OF UNAUDITED /AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31.03.16 (Rs in Lacs) es ‘QUARTER ENDED YEAR ENDED ‘STANDALONE ‘STANDALONE ‘CONSOLIDATED SL] PARTICULARS Bisa | 3i.izis | BORIS | si0316 | s.0K1s | Suosie | 310335 No. caudted) | qnaustes) | Uraustes | (Avited) | (auctec) | (aucted) | (cites) Vi Tacoma fromtonarations 2) Net sals/neome fem operations (Nat of | excise aww) 2015522 | 2565438 | zaiaas | 9773579| s1o0078 | o790t90 | s2012.19 |_| bi othe eratng income 43029 | "20446 | “10509 | “9520 | “sorce | eines | “sai | Hrotar income rom operations (Wat) 7a88s.71 | —75¥58.84 | —25250:58 | 98607.99 | B2477.44 | BEB15.94 | 8546.73 27 eames 3) Cot of matorate consumed swo7s42| 1409037 | szzeizi | ssass4i| aotg7 | ssassa1| 4770209 3) Purse of stein rade sais} 9is17| 96350 | 254018 | 240720 | assaae| 2c 6 Changes in inventones of rsed goods, work | 159367 | (67135) | 1018.77| (66B05)| 2633) | (eens) | C2560) in progress an stockade €) Egioye bent expenses ssuso| 25655| 2soasi| 1266723| oeasao | 1a7mis7| oaes.se 6) Deprecaten and amortaaton exenses e795 eaees| 77360| ‘suoaaa| 3ueaa| saizmi| 30721 Other Benses aesr43 | _<11689| 347239 | goss78| 1260251 | 1612631 | 1260081 [rota Expenses ~~ |"95790.60|33358.48 | 1002.48 | 6902.04 | 75297.18 | 69397.94 | 7344.58 3. Profit from operations before other income, _finance costs and exceptional toms (1-2) | 3086.2 | 250.36| 2248.06 | 995,85 | 7190.26 | 9418.00 | 7202.15 [atone income Gast) $502 iar] 9672 | @589 [9706 | 9032] 175.” Profit rom ordinary activites bofore |__| finance costs and exceptional items (3+4) | 3051.20 | 2563.38 | 2249.43 | s4sas7| 7270.15 | 9515.06 7202.47, [ence costs sizes | 42406 | 31687 | is7eee|— 120408] 157609 i047 7. Profit from ordinary activities after finance ai neta ee) 2538.76 | 213932 103256 | 7915.73 | 6066.07 | 792697 | 6087.60 | Eeceptona ems Z 5 8.) Pott rom Orsinary Aiites before tax | 2558.76 | 23037} —i0528617eIS7a | eoesa7 —Teas97 | —caBr.60 (8) [ax exp Sm | sae | seas | iors | | RT | ao Net Profit from Ordinary Activities after tax | 944.96 | 1566.94 | 1342.13 | $718.47 | 4226.39 | 5733.30 | 4247.51 (9-10) ‘Exraordinary Team (Wet of ax Bepense = = a [Net Profit forthe period (11-12) i9a96 | 1366.84 | 1342.13 | s7ig.a7 | 4206.39 | 979330 aa7si Pid-up equity share capital 1196.23 | 1196.23 | 1196.23 | 1196.23) 1196.23 | 1196.23 | 1196.23 (Face Value of RS 10/- Each) Reserves exuding Revaluation RESErves aS per telance sheet of previous accounting ¥6. "Earnings Per Share (EPS) y T (Face value of Re 10/- each) TPES | BOAD.A7 | 2) ease 1625 pio} ang] wao| 3533] 4793! ssi | | by otites 1625 ao] za] ago] 3533] 47.93] 3581 Notes: 1. The above results have been reviewed by the Aucit Committee and approved ty the Board of Drectors in their respective meetings held on 0 may 2016, 2. __The Consolidated fnancal resus incu resus ofthe fllaving companies Sno. | Country of | Percentage shareholding Consolidated as i Incorporation _|_ of Fem industries Limited {| Fes Tndustes Japan Co, Ue apa 100% Sibsiay Company 2 | onto Rierene EM Herstech SI Tay 50% Soin ventare- wnt Controed | ‘ent 3, Provision or Taxation includes current ta, deferred tax and is net of MAT Enttement crest availabe tothe company, any Previous periods figures have been regroup rearranged wherever necessary, to make them comparable.Wy Aen FIEM INDUSTRIES LTD. Light Up The World REGISTERED OFFICE: D-34, DSIDC Packaging Complex, Kirt Nagar, New Dei-110015 (NDIA) Teh: +9111 2592 7919/7820 Fax: +91 11 2592 7740 E-mall: nvestor@fiemindustes com Website: wwufemincustes.com CIN: L369990L1989PLC094028 5. For nancial Year 2035-16 the standalone nancial faures ofthe lst quarter are the balancing figures between the audited figures in respect ofthe ful ance year ended on 31.03.16 and the publshed year to date Agures upto third quarter ended 31% December 2015 6 The Board of Directors in their meeting held on 12" March, 2016 declared an Interim Dividend of Rs 5/- per share Le @50% on equty share ‘aptal ofthe company amounting to Rs 598.11 lacs on eauty share capital ofthe company. Further, n the meeting eld on May 30,2016, the Board of Decors have also recommended a Fnal vdend of Rs 3/- Per share Le. 30% of Nominal Value of Rs 10 each amounting to RS 358.67 Lacs on Eauty share capital of the company for F.¥. 2015-16. 7. These results for the Quarter and financial year ended March 31, 2016 are available on the webste of the Company (Qnumfemindusties. com) and website ofthe Stock Exchanges viz. BSE Limited (maw.bsenda.com) and National Stock Exchange of India Lite (onsen. com), 8. The Company i engaged in the business of manufacturing and supa of auto components comprising of automatve ighting and signaling equipments, rear view mitrers, plac melded parts and sheet metal components for motorized vehides, and LED luminaries for indoor and ‘outdoor applications and integrated passenger Information systems with LED Display. The company has made a turnover of Rs 6209.02 las in LED Luminaries segment comprising of LED Luminaries Ie indoor and outdoor Whting, cisplay panels and LED Integrated Possenger Information Systems et. during the quarter ended March 31, 2016. As par AS-17 on Segment reporting, The Company has identified two reportable segments, as described below 4. Automotive segment comprising of automotive lights and signaling equipment, rear view mors, plastic moulded and other ‘automotive pats. . LED Luminaries Seoment comprising of LED Luminaries Le indoor and outdoor lighting, display panels and LED integrated Passenger Information ystems. This beng the fst year of application of AS-17, so comparative gure for previous years ae not ave. {Rs tn Lacs) ‘STANDALONE [ CONSOLIDATED. ‘SO, ‘PARTICULARS ‘YEAR ENDED | YEAR ENDED 31.03.16 31.03.16 ‘AUDITED. ‘AUDITED. | SEGwENT REVENUE | (@) Astomative Segment BROT BGR TE (LED Larinavies Seamnent T9722 ToT 22 Total 3657 85 815.94 Less: Inter Segment Revenue 5 INET SALES/INCOME FROM OPERATIONS 98607.59 Posen 2__| SEGMENT RESULTS (Profit/(Loss) before tax and interest from each segment) (@) Automobve Segment BBs BIS (©) LED Luminaries Seoment 1799.62 1799.62 ‘Total Segment Profit before Interest and tax 0728.97 0751.12 Less ()Ierest 157684 1578.09 (i) Other Uvalocable Expenditure net of Uvalocable Income 1236.40 7236.06. "TOTAL PROFIT BEFORE TAX 7915.73, 7936.97 3_ | CAPITAL EMPLOYED (Segment Assets - Segment Liabilities) [ (@) Automotive Segment SITET Ta (0) LED Luminaries Segment T2083.54 12005.54 f "TOTAL 24911.16 | 4529.41 Less ~Others Un-allocable 1760857 17615.38 | (= Trorat caprrat enptoven. 27302.59 727314.03 |Light Up The World 8 ‘iv: L969990L 1989PL.CO34928 FIEM INDUSTRIES LTD. ! ‘REGISTERED OFFICE: 0-34, DSIDC Packaping Compl. Kirt Naga, New Delh-110015 (NDIA) Tol: +91 11 2592 7919/ 7800 Fax +8111 2692 7740 Eomal:westorofemincusres com Website: we fenindusries com ‘The discosure of assets and abies as per Regulation 33 ofthe SEBI (Using Obligations and Dsdosure Requirements ) Regulations, 2015 forthe year ended 31 March 2016 ae asunder ‘STATEMENT OF ASSETS AND LIABILITIES (AUDITED) 3S (Rs. in lacs) ‘S| PARTICULARS: T ‘STANDALONE CONSOLIDATED No. | AS AT ASAT 3403.6 ‘si03.15__| 3103.16 303.5 a |e 1 | SHAREHOLDERS’ FUND a) Share Capital 1196.22 119622 1196.22 119622 ) Reserves and Surplus 26106.37 2153718 2611738 2153197, ‘Sub- Total -Shareholder’s funds (A) 27302.59_| 2273.40 27314.03 2728.19 2 | NON CURRENT LIABILITIES 2) Long tem Borrowings 9085.22 5146.73 9085.22 514672 ) Deferred Tax Kalbes (net) 2365.39 2761.12 2965.39 2761.13, | c) Other Long Term Labiies 1831 2285 > | €) Long Term Provisons 846.34 200.73 2783 200.69, Sub- Total -Non Current Liabilities (8) 772915.25 08.58 4921.29 S085, ©3 | cuRRENT UaBrLiTiEs, a) Shor term Borrowings 1sz9.82 343405 1s29.82 3434.05 ) Trade Payables, 1507.85 8537.04 1807.28 822.10 | €) Other Current Labities 799793 5796.17 7903.12 5816.08 | Stet Tem Provisions 823.83 1222.50 830.65 1223.16 acca Sub- Total -Current Liabilities _(C) 5629.48 79280.76 5640.87 9295.39 i "TOTAL EQUITY AND LIABILITIES (A+B3¢) 5847.29 | 50131.74 65876.19 0132.12 1 B ASSETS 1 NONCURRENT ASSETS || ay recs assets 4273490 33879.06, 42753.02 3908.85 | b) Non Curent tnvestments we 37.78 3.00 200 ©) Long term toan and Advances 16271 78621 1139.09 76537 6) Other ton Curent Assets 358.73. 1491 870.62 1491 ‘Sub Total = Non Current Assets (A) 4831.98 | 34717.96 4765.73 3a691.18 2 | CURRENT ASSETS 2) Inventories 661288 5138.80 6513.04 5138.68 | b) Trade Recewabies 1860.45 8666 82 1850.36 8675.54 ©) Cash and Bank Batances 368.05 33185, 45225 343.80 4) Short term Loans and Advances 207785 123155 2088.76 1238.00 | ©) Oiner Curent assets 96.05. 443 95.05 44.76 | "sub Total - current assets 2015.31 1583.78 210.46 15440.98. TOTAL ASSETS (A+B) (65847.29 | s0131.74 | 65876.19 $0132.12 By Order of the Board ee Place: Ral, Sonepat (HR.) Date: 30" May 2016 3 & Managing Director IN :- 00013356,ANIL S GUPTA & ASSOCIATES CHARTERED ACCOUNTANTS. 201, VIKRAM TOWER, RAJENDRA PLACE, NEW DELHI - 110008 TEL, 258 60577, 257 28146, 415 38344 AUDITOR'S REPORT ON 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 Board of Directors of FIEM INDUSTRIES LIMITED 1 We have audited the standalone financial results of FIEM INDUSTRIES LIMITED (‘the Company’) for the quarter ended 31.03.16 and standalone financial results for the year ended March 31,2016, attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The quarterly standalone financial results are the derived figures between the audited figures in respect of the year fended March 31,2016 and the published year-to-date figures upto December 31,2015, being the date of end of the third quarter of the current financial year, which were subject to Limited Review. The standalone financial results for the quarter ended March 31,2016 have been prepared on the basis of standalone financial results for the nine months period ended December 31,2015, the aucited annual standalone financial statement as at and for the year ended March 31, 2016 and the relevant requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and are the responsibilty of the company’s management and have been approved by the Board of Directors of the Company. Our responsibilty is to express an opinion on these financial results based on our review of the standalone financial resuits for the nine month period ended December31,2015 which was prepared in accordance with the recognition and measurement principles laid down in Accounting Standard (AS)26, Interim Financial Reporting, specified under ‘Section 133 of the Companies Act 2013 read with relevant rules issued thereunder; as applicable and ‘ther accounting principles generally accepted in India; Our Audit of the standalone financial statements as at and forthe year ended March 31, 2016 and relevant requirements of Regulation 33 of the SEBI (Listing Obligations end Disclosure Requirements) Regulations, 2015. 2 We conducted our audit in accordance with the auditing standards generally accepted in Indie. Those standards require that we plan and perform the aucit 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 significant estimates made by management. We believe that our aucit provides a reasonable basis for our opinion. 3 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: (are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and (give a true and fair view ofthe net profit and other financial information for the quarter anc year fended March 31, 2016,4. Further, read with paragraph 1 above, we report that the figures for the quarter ended March 31,2016 ‘epresents the derived figures between the audited figures in respect of financial year ended March 31, 2016 and the published year to date figures upto December 31, 2016 being the date of the end of {he third quarter of the current financial year, which were subject to limited review as stated in paragraph 1 above as per the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, For Anil §.Gupta & Associates Chartered Accountants Fim Registration Number 0040818 Date 30/08/2016 (Anil Kumar Gupta ) Place Rai, Sonepat (HR) (Proprietor) (Membership Number -083159 )ANIL S GUPTA & ASSOCIATES CHARTERED ACCOUNTANTS 201, VIKRAM TOWER. RAJENDRA PLACE, NEW DELH TEL. 258 60577. 257 28148, 415 38344 = 110008 AUDITOR'S REPORT ON CONSOLIDATED YEAR TO DATE RESULTS OF THE COMPANY PURSUANT TO THE REGULATION 33 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 To Board of Directors of FIEM INDUSTRIES LIMITED 4 We have audited the consolidated financial results of FIEM INDUSTRIES LIMITED ( ‘the Company ) for year ended March 31, 2016 attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The consolidated financial results for the year ended March 31,2016 have been prepared on the basis relevant requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2016 and are the responsibility of the company's management and have been approved by the Board of Directors of the Company. Our responsibilty is to express an opinion on these Consolidated financial results based on our audit of the annual consolidated financial statements as at and for the year ended March 31,2016 which were prepared in accordance with the applicable ‘accounting standards and other accounting principles generally accepted in India and relevant requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2 We conducted our audit in accordance with the auciting 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 significant estimates made ‘by management. We believe that our audit provides a reasonable basis for our opinion, 3 We did not audit the financial statement of an overseas 50:50 Joint Venture, Centra Ricerche Fiem Horustech Sil (CRFH), whose financial information included in the accompanying consolidated financial statements, reflects total Assets of Rs 52,64,732 as at 31.03.16 as well as total Revenue of Rs 92,09,416 forthe year ended on that date. Such financial information has not been audited and has been approved by the Board of directors of Centro Ricerche Fiem Horustech Srl (CRFH). The management of the ‘company has converted this financial statement as per accounting principle generally accepted in India, ‘and certified this financial statements for the purpose of preparation of consolidated financial statement under Indian GAAP. Our repor, in so far as it relates to the aforesaid jointly controlled entity, is based solely on such unaudited financial statements. In our opinion and according to the information and ‘explanations glven to us by the management, these financial statements are not material to the Group.4 Date Place {In our opinion and to the best of our information and according to the explanations given to us these consolidated year to date results: ()__ include the year to date financial results ofthe following entities 1) Fiem Industries Japan Co. Ltd. (Wholly owned company incorporated in Japan) 2) Centro Reicherco Horustech SRL limited (a 50:50 Joint venture incorporated in Italy) (il) are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and (ill) give a true and tair view of the consolidated net profit and other financial information for the year ended March 31, 2016. For Anil S.Gupta & Associates Chartered Accountants Firm Registration Number 004061N 3010512016 (Anil Kumar Gupta ) Rai, Sonepat (HR. ) (Proprietor) (Membership Number -083159 )Highlights (Standalone): FY 2015-16 Total Income from Operations for FY 2015-16 is Rs. 986.98 Crore in comparison to Rs. 824.77 Crore in FY 2014-15, up by 19.67% PAT for FY 2015-16 is Rs. 57.18 Crore in comparison to Rs, 42.26 Crore for FY 2014-15, up by 35.31% Sales from LED Segment during FY 2015-16 are Rs. 118 Crore (Net). EBIDTA Margin in LED Segment is approx. 16.60% and in Auto Segment approx. 12.50%. ‘Total Term Loans of the Company as on 31* March 2016 are Rs. 122 Crore which were Rs. 82 Crore as on 31% March 2016. Total working capital facility utilization as on 31% March 2016 is Rs.18 Crore which was Rs. 34 Crore as on 31% March 2015. Operational Highlights (Standalone): FY 2015-16 Company's newly set-up facility in Gujarat, District Ahmedabad, for manufacturing of automotive lighting and plastic parts etc. has started commercial production wef. 11.01.2016. Total Investment as on March 31, 2016 for this unit is Re 48 Crore. ‘Company is expanding capacity in Tapukara Plant (Rajasthan) and Rai Plant (Haryana) for ‘Manufacturing of LED Lighting products such as LED Bulbs, LED Street Lights and LED Tubes etc. > Investment during FY 2015-16 is Rs 48 Crore (Rs. 5 Crore in Rai and Rs 43 Crore in ‘Tapukara). > Total Investment as on March 31, 2016 is Rs 74 Crore (Rs 18.60 Crore in Rai and Rs ‘55.50 Crore in Tapukara,) Progress on LED orders with EESL: > LED 9W Bulb Order: 84 Lacs Bulb [Approx. Value Rs. 61 Crore] © Fully Completed during FY 2015-16. > LED Street Light Order: 1.11 lacs Street Lights [Approx. value Rs. 100 Crores}. © Partly completed during FY 2015-16 (Around 96,700 Street Lights - Value Approx. Rs, 60 Crore). © Order yet to be completed: equalliant to Rs. 40 Crore, LED Bulbs (9W and 7W) Orders with PVVNL-Meerut (Supply and Distribution): > 7WLED Bulbs: 20 Lac > GWLED Bulbs: 8 Lac ~ Total Value ~ Rs 23.92 Crore ~ Estimated Period of Supply & Distribution: 10 Months ‘o Supply Started during May, 2016