vishal · vishal fabrics limited balance sheet as at 31 march 2018 (all amounts are in indian...
TRANSCRIPT
Statement or profit and loss tor the yelr ended 31 March 2010 'V'ISHAL FABRICS LIMITED
(All amounts are in Rupees in lakhs, except share data and as stated)
ParticularsQuarter ended Year ended Year ended
31 March 2018 31 December 2017 31 March 2017 31 March 2018 31 March 2017
Revenue from operltinns 25,286.40 24,613.65 14,094.74 89,093.65 37,363.63
Other income 57171 6.99 4.95 104.44 27165
Total income 25,344.11 24,620.64 14,099.69 89,193.09 37,391.28
Expenses - -
Cost of materials consumed 22,176.69 20,59544 10,100.48 75,641.30 26,728.16
Purchases of siock-in—flade (0.01) (27.30) - 331.32 764.52
Changes in inventories of finished goods, work-in progress.
slack in trade and packing materials (429.73) (351.15) 1,211.16 (1,951.94) (63.24)
Employee benefits expense 1,978.91 1,537.67 1,582.64 6,117.53 4,528.47
Finance c0515 546.64 673.15 179.55 2,269.49 526.46
Depreciation and amortisation expense 552.36 284.64 207.11 1,366.78 626.39
Other expenses 375.43 1,152.89 414.11 3,464.42 2,366.73
Total expenses 25,201.33 23,365.34 13,695.05 87,238.89 35,477.50
Profit before exceptional items and income tax 142.79 755.30 404.64 1,959.21 1,913.78
Exceptional items 8.02 0.29 (1.31) 3.31 1.31
Profit before tax 150.80 755.59 403.33 1,967.51 1,915.08
Income tax expense
Comm tax (MAT for the year) 55 45 125.28 405 466
Tax expenses relating to prior year paid / written hack — 39s
Deferred tax (credit) / charge (including MAT credit entitlement) . 154
Total tax expense 55 45 125.28 405 1,028
Profit for the year 96 711 278 1,563 887
Other comprehensive income net or taxes - -
Items tint will not be reclassified subsequently to profit or loss ~ ..
Remeasurernent gains Ifloss) of defined benefit plans - — - - 174
Changes in fair value of FVOCI equity instnunents - - . 1 15
Income tax relating to items that will not be reclassified subsequ. - - - - -
Remeasllrement gains/(loss) ofdefined benefit plans . . . - (60.30)
Changes in fair value or FVOCI equity instruments - - - (0.22) (5.05)
Net other comprhensive income not to be reclassified
subsequently tn profit or loss 0.41 123.48
Items that will be reclassified subsequently to profit or 1055
Exchange difference in translating financial smtements of
foreign operations . . . . .
Income tax relating to items that will he reclassified to profit or
1055 - » . . .
Net other comprhensive income to he reclassified
subsequently to profit or loss . . . . _
Other Comprehensive income for the year, net of income tax a - - 0.41 123.43
Total comprehensive income for the year 95.80 710.59 278.05 1,562.92 1,010.24
Equity Shminno. 439.13 4-39.13 131.74 439.13 131.74
Earnings per share:
Basic and diluted esrnings per share (Rs.)
[Nominal value ofper equity share is Rs. 5] 0.22 1.62 2.11 3.56 7.66
The lbnve rinnneiei Results were reviewed by the Audit Committee and approved by the Borrd of
Directors .t their meeting held on 29 May, 20111.
The Company has only one segment orretivity nnmely Textile.
Figures for the previous periods lyeor have been regroupsd, recast. snd rearranged, wherever necessary.
There were no Investor Complaints received / pending during the halfyear ended on 31.03.2013
The figure ul'qualer ended March 31, 2010 end Mnreh 51, 2017 ore the balancing figures between audited figures in respect oitbe full financial year up to March 31, 2013
Place : Ahmedabad
Dnte . 29— May, 2018 Brijmohan D. ChiripalManaging Director
DIN: 00290426
Vishal Fabrics Limited
(CIN: L17110GJ1985PLC008206)
Corporate Office: Plant & Regls ered office :
Chiripal House. Near Shivranjani Ranipur, Nara] Road.Ahmedabad-382405. Gujarat, India.
Cross Roads. Satellite. Ahmedabad-380015, GujaratJndia. Ph 2 079-25353977/78/79/80 Fax I 079-2523535131
Ph :079-26734660/2/3 Fax : 079-26768656 Email : Chiripal@chiripalgrcuplcomEmail : [email protected] Web :www.vishalfabricsltd.cam
Web a www.chiripalgroup.com
VISHAL FABRICS LIMITED
Balance sheet as at 31 March 2018
(All amounts are in Indian Rupees, except share data and as stated)
As at As at
ASSETS 31 March 2018 31 March 2017
Non-cu rrent assets
Property, plant and equipment 27,067 12,842
Captial work-in-pregress 1,886 3,559
Intangible assets - 1
Financial Assets - -
Investments 257 5 1
Trade receivables - 127
Other financial assets 514 49
Deferred tax assets (net) 404 441
Other non-current assets 2,483 4,044
Total non-current assets 32,610 21,114
Current assets
Inventories 7,644 4,073
Financial Assets - -
Trade receivables 26,342 1 1,226
Cash and cash equivalents 572 2,987
Other current assets 9,455 5,432
Total current assets 44,013 23,718
Total assets 76,623 44,832
EQUITY AND LIABILITIES
Equity
Equity Share Capital 2,196 1,317
Other Equity 17,666 17,007
Total Equity 19,861 18,324
Liabilities
Non-current liabilities
Financial Liabilities
Borrowings 17,270 9,907
Other financial liabilities 324 469
Provisions 307 257
Deferred Tax liabilities 324 324
Total non-current liabilities 18,224 10,957
Current liabilities
Financial Liabilities
Borrowings 12,808 3,672
Trade Payables 22,214 10,838
Other financial liabilities 2,585 322
Provisions 670 595
Other current liabilities 259 124
Total current liabilities 38,537 15,551
Total Liabilities 56,761 26,508
Total Equity And Liabilities 76,623 44,832
Place : Ahmedabad
Date : -29- May, 2018
Vishal Fabrics Limited
(cm: L1711OGJ1985PL6008206)
Corporate Office:
Chiripal House. Near ShivranjaniCross Roads. Satellite, Ahmedabad-330015, GujaratJndia,Ph 1 07926734660IW3 Fax : 079-26768658
Email : [email protected] : wwehiripalgmupeom
For and on behalf of Board of Directors
Brijmohan D. Chiripal //Managing Director
DIN: 00290426
Plant & Registered office 2
Ranipur. Narol Road, Ahmedabad-332405, Gujarat. India.
Ph : 079-25353977/73/79/80 Fax : 07945353981
Email : [email protected] : www.vishalfabriesltd,com
VISHAL FABRICS LIMITED
Reconciliation of Profit 8 loss aspfiviouslv reported under iGAAP and IND AS
Quarter ended Year ended
Particuler 31 March 2018 31 March 2017
Rs. (in Lakhs) Rs. (in Lakhs)
Profit after tax as per previous GAAP 105 1.053.80
Reclassification of share issue expenses and netted with Securities premium 17.02
Loan processing fees amortised on EIR basis (10) 21967
Remeasurement of gratuity recognised in other comprehensive income — (174.23)Deferred tax on transitional adjustments - -
Profit after tax as per lndAS 95.80 1,116.26Other comprehensive income (get of tax) 0 123.48
Total Comprehensive income under lndAS 95.80 1,239.74
For. “SEAL FEERIGS LlMiT-
W master:
Vishal Fabrics Limited
(ClN: L171106J1985PLC008206)
C 1
022:7;235fjfiear S” r‘ .
Plant 5 Registered office :
,_
IV anjanl Rani ur, Narol Road. A -
‘'
Cross Roads, Satelilte, Ahmedabad-380015, Gujaratlndia,p
Ph : o7s-253532?%asl;;glasg$135 (Egggtsslgg;2h
.
9?9-2673466021§_Fax: 079-26768656Email: [email protected] . [email protected] Web
'
wwwvishalfabri ltdWeb : www.chiripalgroup.com
I - cs com
May 29, 2018
To,
The Compliance Department,
BSE Limited,
P. J. Towers,
Dalal Street, Fort,
Mumbai - 400 001.
Dear Sir/Ma'am,
Subject: Declaration of Audit report with unmodified opinion.
Ref.: Vishal Fabrics Limited, Scrip Code: 538598, Security ID: VISHAL
In terms of SEBI Circular CIR/CFD/CMD/56/2016 dated May 27, 2016 and Regulation 33(3) (d) of the SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015 (as amended), We hereby Declare that M/s Abhishek Kumar & Associates, Chartered Accountant (FRN.: 130052W), Statutory · Auditor have issued Audit Report with unmodified opinion on the Standalone Financial Statement for the year ended on March 31,2018.
We request you to take note of the above.
Corporate Office:
Chiripal House, Near Shivranjani
Vishal Fabrics Limited
(CIN: L 17110GJ1985PLC008206)
Cross Roads, Satellite, Ahmedabad-380015, Gujarat.India. Ph : 079-26734660/2/3 Fax : 079-26768656 Email : [email protected] Web : www.chiripalgroup.com
Plant & Registered office
Ranipur, Narol Road, Ahmedabad-382405, Gujarat, India. Ph : 079-25353977/78/79/80 Fax: 079-25353981
Email : [email protected] Web : www.vishalfabricsltd.com
of» .
ABHlSHEK KUMAR&ASSOCIATES\\
CHARTERED ACCOUNTANT
Auditor’s Report On Quarterly Standalone Financial Results and Year to Date Results of the
Company Pursuant to the Regulation 33 of the SEBI (Ustlng Obligations and Disclosure
Requirements) Regulations, 2015
To Board of Directors of
VlSHAI. FABRICS lJMlTED
We have audited the quarterly standalone financial results of Vishal Fabrics Limited for the quarterended on March 31, 2018 and the standalone year to date financial results for the period from Aprii1, 2017 to March 31, 2018 attached herewith, being submitted by the company pursuant to the
requirement of Regulation 33 of the SEE! (Listing Obligations and Disclosure Requirements)Regulations, 2015. These quarterly standalone financial results as well as the year to date standalone
financial results have been prepared on the basis of the interim standalone financial statements.which are the responsibility of the company's management. Our responsibility is to express an
opinion on these standalone financial results based on our audit ofsuch interim standalone financial
statements, which have been prepared in accordance with the recognition and measurement
principles laid down in the Companies (lndian Accounting Standards) Rules, 20.7.5 as per Section 133
of the Companies Act, 2013 read with relevant rules issued under the other accounting principles
generally accepted in lndia and in compliance with Regulation 33 of the Listing Regulations.
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 misstatement(s). An audit includes examining, on a
test basis, evidence supporting the amounts disclosed as standalone financial results. An audit also
includes assessing the accounting principles used and significant. estimates made by management.
We believe that ouraudit provides a reasonable basis for our opinion.
In our opinion and to the best of our information and according to the explanationsgiven to us these
quarterly standalone financial results as well as the year to date standalone results:
are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing(0
Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and
give a true and fair view of the net profit and other financial information for the quarter(ii)ended March 31, 2018 as well as the standalone year to date results for the period from
April 1, 2017 to March 31, 2018.
Yours faithfully,
For, Abhishek Kumar& Associates
Chartered Accountants
Firm Registration No. 130052w
(CA. Abhishek Agrawal]
ProprietorM. No. 132305
Ahmedabad
29.05.2018
401, Silicon Tower. Nr. Samarlheshwar Mahadev Temple, Law Garden, Navrangpura. Ahmedabadéiaoooa
Tel. : 079 — 26448824, 40370886 + Mob. : 9227404054 0 e-mail : [email protected]
Scanned by CamSlcanner