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M. L. BHUWANIA & CO.

Ch art ered Accountants

F-11, 3rd floor, Manek Mahal

90, Veer Nariman Road,

Churchgate

Mumbai - 400 020, India.

T : +91 2261174949
F : + 91 22 6117 4950
E : info@mlbca.in
www.m1bca.in

Independent Auditor's Report on Statement of Financial Results of MIs.


He rc u le s Hoists Limited Pursuant to the Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015
TO THE BOARD OF DIRECTORS OF MI s, HERCULES HOISTS LIMITED

1. We have audited the accompanying Statement of Financial Results of MIs.

HERCULES HOISTS LIMITED for the year ended 31 st March, 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. This Statement, which is the responsibility of the company's

management and approved by the Board of Directors, has been prepared on the

basis of the related financial statements of the Company. Our responsibility is to

express an opinion on these financial results based on our audit of such financial

statements, which have been prepared in accordance with the recognition and

measurement principles laid down in Accounting Standard prescribed under

Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies

(Accounts) Rules, 2014 and other accounting principles generally accepted in India.

2. We conducted our audit in accordance with the auditing 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 misstatements. An audit involves performing procedures to obtain audit
evidence about the amounts and the disclosures in the Statement. The procedures
selected depend on the auditor's judgment, including the assessment of the risks of
material misstatement of the Statement, whether due to fraud or error. In making
those risk assessments, the auditor considers internal control relevant to the
Company's preparation and fair presentation of the Statement in order to design
audit procedures that are appropriate in the circumstances. An audit also includes
evaluating the appropriateness of the accounting policies used and the
reasonableness of the accounting estimates made by the Management, as well as
evaluating the overall presentation of the Statement. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinion.
3 . In our opinion and to the best of our informati on and according to the explanations
ei ve n to u s the Statement:
i.

is presented in accordance with the requirements of Regulation 33 of the


SEBI (Listing Obligations and Disclosure Requirements) Regulation,20 15;
and

M. L. BHUWANIA & CO .
Chartered Accountants

ii.

give a true and fair view in conformity with the aforesaid Accounting
Standards and other accounting principles generally accepted in India of the
net profit and other financial information for the year ended 31st March,
2016.

4. In the Statement, the figures for the quarter ended March 31,2016 and March 31,
2015 as reported in these financial results are the balancing figures between
figures in respect of the full financial year and the published year to date figure
upto the end of third quarter of the relevant financial year. Also, the figure upto the
end of third quarter had only been subjected to limited review by us and not
subject to audit.

For and on behalf of


M. L. BHUWANIA & CO .

Chartered Accountants

Firm Registration No. 101484W

'Cf~ '~ --e:

..

J. P. BAIRAGRA

Partner

Membership No.12839

cr

Place: Mumbai

Date: 14 th June, 2016

17- 11, 3rd Floor, Manek Mahal,

90, Veer N arirnan Road, Churchgate"

Mu mb ai - 400 020, India.

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Continuation sheet...

HERCULES HOISTS LIMITED


Corporate Office & Works: 43/213 Savroll-Kharpada Road, Dhamanl, Khal apur 410202, Maharashtra
Registered Office: Baja]

II ~3J Urollil

Bhavan, 2nd Floor, 226, Narlman Point, Mumbal400021

T: +2192274135/036/087; F:+2192 274125/325; E: Indef@lndef.co; U: www.lndcf.com.clrv L4540oMH1962PLC0l1 A g.. W.,rj!"

6IDuUn9lf
AUDITED FINANCIAL RESULTS FOR QUARTER / YEAR ENDED 31ST MARCH 2016
(Ils, In Lakhs)

Particulars

Sr. No.

Audited (Ileler

Quart er End ed
Unaudited

Aud ited
III"f", Nnt o,

Nnt". Nn. 'II

31.03.2016
1

Income {rom operations


(a) Net Sales/ Income from Operations (Net of excise duty)
bl Other Onerat lna Income
Total Income (rom operatlons(Net)
Expenditure
(a) Cost of Materials Consumed
(b) Purchase of stock-In -trade
(c) Changes In Inventories 01 finished goods and work- In-

For the Year Ended


Audited
Aud ited

31.12.2015

31.03.2015

31.03.2016

31,0 3.201 5

2.145.05
40,01
2,185.06

2,113 .85
10.13
2;123.98

2.411 .32
4,84
2,416.15

9.059.16
54.39
9,113.55

9.737.79
10,38
9,748.16

2,260,94
(159.70)
(524 ,89)

1.499 ,92

5.794,08

(307 .82)

1.885,80
1.23
(70.43)

(601.72)

5.641.35
220,90
(169.11)

262.94
62,60

258.35
53.14

261.60
53.27

1.011.93
220.17

970.84
259.30

870.53
2772.42
(587.36)

403.21
1906,80
217.18

605.53
2737.00
(320.8S)

2,211.90
8636;36
477.19

2.038,09
8961.36
786;81

417.04

196.50

214.75

1,216,47

973.12

1,693.67

1,759.93

24.58
1,669.09

1,759.93

1669.09
340,17
1328.92

1759.93
495.47
1264.46

nroarns
(d) Emplovees benefits expenses
(e) Depreclallon & amortisation expense

lfl .OtherExpenses
Total Expenditure
Profit / (loss) from Operations before Other
.~,

"I

lncome.flnartce

It"", 11.7'

Other lncome

Proflt/ (Loss) from ordinary activlteslJefore finance costs


and Exceptional Items (3+4)

6
7

Flhance costs
Profit / (Loss) from ordinary actlvltes after finance costs but
IC.~'
Exceotlonalltems
8
Profit! fLossl from .Or dlnarv Activities before tax /7 + 81
9
io Tax ExDense
11 Net Pro.flt I fLossl from Ordlnarv Activities after tax 19101
12 Extraordinarv Items Inet of tax expense)
13 Net Profit I (toss) for the nerlod 111-121
14 _ Pald-uo Eoultv Share Caoltal (Face ValueRs.leachl
15 Res erve excludinz Revaluation Reserve asner Balance Sheet
16(1) Earnings Per Share (Befofre Extraord inary Items)

(a) Daslc
(b) Diluted

(17<l.31)

413.68 .

(106.08)

14,74
(185.05)

6;63
407.05

(106.08)

.
1185;05
1110.63
174.42

407 .05
157.20
.249.85

/74.42
320.00

249.85
320,00

(0.23)

0.78
0.78

(0,23)

1106.08

140.61
165.47

f65.471
3.20.00

1328.92
320,00

1264.46
320.00
17701.80

(0.20)

4.15

(0.20)

4.15

3.95
3.95

16(11) Earnlngs.Per Share (After Extraordinary Items)

(a) Basic

(0,23)

0.78

(0,20)

4;15

3.95

lib) Diluted

(0,23)

0,78

(0.20)

4.15

3.95

Notes :.

The above unaudited flnanclal results we re reviewed hy thl) Audit Com m itt ee and approved by thA Board o f Directors at their meeting

hold on 1'1th

JUne, 2016.

Segment Revenue, Resultaild Capital Employed figures Include the


expenditure mainly Includ es expenses incurred on common services.

Figures for the qu arter ended 31st March 2016 and 31st March 2015 are the balancing figures between audited figures In respect of (ull financial year
and published unaud ited year .to date ligures upto third quarter of the relev ant fin ancial year.

4
5

respective amounts Identifiable to each of the segments .

Oth~r allocable

PrevIous pertod flgure s have. bee n regrouped/rearranged wherever considered necessary to make th em comparable with those of the curren t

The Board bas recommended dividend of Rs,1.50 pereqully share,


For Hercules Hoists lim i ted

Pia co: Mumbal


Date: 14th June'2016

~-" -. _~- r - '


Shekhar Baja)
Chairman

HERCULES HOISTS LIMITED


Corporate Otflce & Works: 43/20 Savroll-kharpada Road, Ohamanl, khalapur 410202, Maharoshtra

Reglsleted Office: Oaja) Bhavan, 2nd Floor, 226, Norlman Polnt , Mumbal-400021

T: +2192 274135/036/087; 1':+2192 274125/325; E: Indef@lndef.co; U: www.lndef.com:CIN l45400MH1%2PlC012385

SEGMENT WISE REVENUE, RESULTS ANDCAPITAL EMPLOYED '


(Rs.ln 12khsl

Sr. No.

Qua, let Ended

POlliculars

Audited (Re(et
,",

31.D3.2016
1

UnaUdited

Audited (Refet NOle. No.3)

Audlled

lIudlted

31.12,2015

31.0l .2015

31.03 .2016

31.03.2015

S~gllleIll.lli:Wll!I!.lli.cllillJ!HmUQ('QlJWl

(al Materlallfandllng Equipment


(b) WindmillPower

2,156.30
28.76

2,113.12
10.86

2,396.32
19.84

8,888.07
225.48

9,482.49
265.68

Nel sales Income ItomOoeralions

2 185.06

2 123.98

2 416.15

9 113.55

9 748.16

(225,72)
'116.26
242.00

669,22
60.44
729.66

905.02
102.70
1001.72

Segmanl R.esulls
(a) Materlallfandl/ng Equipment
i tblWlndml1i Power
Total
less: Finance cou
Add: Other UnallO1ble Income net off un-allocable
Coroorate [vn,ndlture
Total Profit (tllLolS I)before Tax and e,tta

I'.

(497.63)
(6.11)
505.75

333.01
/32 .661
300.35

14.74

6,63

335.41

113 .34

135.9.2

964.00

752.21

407.07

(106.08)

1,669.09

1,759.93

7,782.46
1,356,90
10285.78
19425.14

6,449 .99
1,422 .45
10149.35
18021.80

7,342.61
1,493.35
10514.76
19350.72

6,449.99
1,422.45
10.149.35
18021.80

Audited

As vIall! March 201~


Audile

(185.05) ,

'7,342.62
1,493 .35

10,514.76
19 350.72

STATEMENI OFASSETS ANDlI1181LITIES


PARTICUlARS

7.

,
3

B
1

24.56

~ll.lll1QI'!llI.S.!J&!lli!ltillJ.ill_llil.1!~!ill!1!lll

la) Malerlal H.andllng Equlpmenl


(b) Windmill Powe!
cl Unallocaled . .
Total Caoltal Emolo.ved

A
1

for Ihe Year Ended

EQUllYANDLIABILITIES
Shareholder's fundI
Share Capital
Reserves and Surplus
Su\)1013 Sharehalders funds

320.00
19,030 .72
19,35.0.72

320.00
17,701 .80
18,021.80

331.04
36.00
367.04

417.S6
39.00
456.56

729.76

3,314.83

412 .19
104.25
4,561 .02

1,985.83
383.01
683.80
3,052.64

24,278 .79

21531.01

2,450.49
156.15
11.29
3.54
5,139 .50
1,369,68
9,13D.65

2,513.74
6.35
12.60
151.41
4,362.40
1,553.52
8;600.04

current Assell
Invenlories
Trade receIV.bles
Cash & cash equlvalenls
Short term - loan' and advnces
Other current auels
SUb10 al- .Currenl Assels

4,709.27
3,866 .00
647.29
5,459,02
466 .56
15,14.8.14

3;184 .29
3,336,79
951.74
. 5, 168.69
289.46
12,930,97

TOTAL- ASSETS

24,278 .79

21,531.D1

Non CUrtenl Liabilities


Deferred. lax lIabllitles(Nel)
other long term lI.bilitles
Sub total- Non- current LIabilities
Currenill.blllties
Short -rerm borrowing
Trade payables
Olhet current liabilities
Short -term provisions
Sublolal Currenillabi illes
TOTAlEQUllY ANDLIABILITIES
IISSETS
Non Current IIssels
FIxed assets
(I)Tangible IIIsels
(1I)lnt.nglble Assets
(III)Capllalwork -In- progress
(Iv)Intangible Assets under development
Non Current lnvestrnent
long - term loans and advances
Sublolal Non Current Assets