Financial Result Quarter 4 - FY16-17
INTER GLOBE FINANCE LIMITED
Regd Office: Aloka House, 1st floor, 6B, Bentinck Street, Kolkata-700 001
Website: www.igfl.co.in e-mail: interglobefinance@gmail.com
CIN: - L65999WB1992PLC055265
| STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2017 | |||||||
| *(in Lakhs) | |||||||
| Particulars | STANDALONE | CONSOLIDATED | |||||
| Quarter Ended | Year Ended | Year Ended | |||||
| 31-Mar-17 | 31-Dec-16 | 31-Mar-16 | 31-Mar-17 | 31-Mar-16 | 31-Mar-17 | 31-Mar-16 | |
| (Audited) | (Unaudited) | (Audited) | (Audited) | (Audited) | (Audited) | (Audited) | |
| 1.a Net Sales/Income from Operations | 1,653.46 | 1,706.24 | 933.91 | 7,848.96 | 9,199.54 | 7,850.83 | 9,199.54 |
| b.Other operating Income | - | - | - | - | - | - | - |
| Total Income | 1,653.46 | 1,706.24 | 933.91 | 7,848.96 | 9,199.54 | 7,850.83 | 9,199.54 |
| 2.Expenditure | |||||||
| a. Increase/decrease in stock in trade and work in progress | 168.44 | 127.36 | (191.75) | 298.33 | (688.28) | 298.33 | (688.28) |
| b.Consumption of raw materials | - | - | - | - | - | - | - |
| c.Purchase of traded goods | 1,240.06 | 1,434.27 | 999.50 | 6,881.67 | 9,582.63 | 6,881.67 | 9,582.63 |
| d.Employees cost | 24.68 | 50.39 | 9.81 | 94.20 | 60.25 | 94.20 | 60.25 |
| e.Depreciation & amortization | 19.13 | 7.93 | 4.64 | 38.46 | 19.04 | 38.46 | 19.04 |
| f.Other expenditure | 64.26 | 114.02 | 83.66 | 342.74 | 181.23 | 344.55 | 181.23 |
| g.Total | 1,516.57 | 1,733.97 | 905.86 | 7,655.40 | 9,154.87 | 7,657.21 | 9,154.87 |
| 3. Profit from Operations before other Income , Finance Cost and exceptional items |
136.89 | (27.73) | 28.05 | 193.56 | 44.67 | 193.62 | 44.67 |
| 4.Other Income | - | - | - | - | - | - | - |
| 5.Profit from ordinary activities before Finance Cost and Exceptional items | 136.89 | (27.73) | 28.05 | 193.56 | 44.67 | 193.62 | 44.67 |
| 6.Interest Paid | 19.59 | 5.03 | 2.62 | 38.00 | 5.06 | 38.00 | 5.06 |
| 7.Profit from ordinary activities after finance costs but before exceptional items |
117.30 | (32.76) | 25.43 | 155.56 | 39.61 | 155.62 | 39.61 |
| 8. Exceptional items Income Inrespect of earlier Years | 88.84 | - | - | 88.84 | - | 88.84 | - |
| 9.Profit (+)/ Loss (-) from ordinary activities before tax | 206.14 | (32.76) | 25.43 | 244.40 | 39.61 | 244.46 | 39.61 |
| 10. Tax expense (including deferred tax and net of MAT credit entitlement) | 87.80 | - | 12.24 | 87.80 | 12.24 | 87.81 | 12.24 |
| 11.Net Profit (+)/ Loss (-) from ordinary activities after tax | 118.34 | (32.76) | 13.19 | 156.60 | 27.37 | 156.65 | 27.37 |
| 12. Extraordinary Item (net of tax expense Rs) | - | - | - | - | - | - | - |
| 13. Net Profit(+)/ Loss(-) for the period (11-12 ) | 118.34 | (32.76) | 13.19 | 156.60 | 27.37 | 156.65 | 27.37 |
| 14. Paid Up Share Capital (Face Value of the Share shall be indicated ) | 682.23 | 682.23 | 682.23 | 682.23 | 682.23 | 717.31 | 717.31 |
| 15. Reserve excluding (Revaluation Reserves as per balance sheet of previous accounting year) | 9,106.29 | 8,987.95 | 8,604.94 | 9,106.29 | 8,636.08 | 9,106.21 | 8,636.08 |
| 16.i Earning per Share (EPS) (before extra ordinary items) Basic and Diluted (not to be annualized) | |||||||
| a. before extra ordinary items | 1.73 | (0.48) | 0.19 | 2.30 | 0.40 | 2.18 | 0.38 |
| b. after extra ordinary items | 1.73 | (0.48) | 0.19 | 2.30 | 0.40 | 2.18 | 0.38 |
| 16.ii Earning per Share (EPS) (after extra ordinary items) Basic and Diluted (not to be annualized) |
|||||||
| a. before extra ordinary items | 1.73 | (0.48) | 0.19 | 2.30 | 0.40 | 2.18 | 0.38 |
| b. after extra ordinary items | 1.73 | (0.48) | 0.19 | 2.30 | 0.40 | 2.18 | 0.38 |
* Except EPS which is deretmined in Rs. & Paise
| STATEMENT OF ASSETS & LIABILITIES | ||||
| FOR THE HALF YEAR ENDED 31ST MARCH, 2017 | ||||
| *(in Lakhs) | ||||
| Particulars | STANDALONE | CONSOLIDATED | ||
| Year ended | Year ended | Year ended | Year ended | |
| As at 31-03-2017 (Audited) |
As at 31-03-2016 (Audited) |
As at 31-03-2017 (Audited) |
As at 31-03-2016 (Audited) |
|
| A EQUITY AND LIABILITIES | ||||
| 1. Shareholders' funds | ||||
| a) Share Capital | 682.23 | 682.23 | 717.23 | 682.23 |
| b) Reserves and Surplus | 8690.21 | 8595.61 | 8684.95 | 8595.61 |
| c) Money received against share warrants | 0.00 | 0.00 | 0.00 | 0.00 |
| Sub-total - Shareholder's funds | 9372.44 | 9277.84 | 9402.18 | 9277.84 |
| 2. Share application money pending allotment | 0.00 | 0.00 | 0.00 | 0.00 |
| 3. Minority interest | 0.00 | 0.00 | 0.00 | 0.00 |
| 4. Non-current liabilities | ||||
| a) Long-term borrowings | 0.00 | 0.00 | 0.00 | 0.00 |
| b) Deferred tax liabilities (net) | 7.96 | 0.00 | 7.96 | 0.00 |
| c) Other long-term liabilities | 4.82 | 0.00 | 1029.91 | 0.00 |
| d) Long-term provisions | 0.00 | 0.00 | 0.00 | 0.00 |
| Sub-total - Non-current liabilities | 12.78 | 0.00 | 1037.87 | 0.00 |
| 5. Current liabilities | ||||
| a) Short-term borrowings | 677.73 | 9.59 | 677.73 | 9.59 |
| b) Trade payables | 0.00 | 3.34 | 0.30 | 3.34 |
| c) Other current liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| d) Short-term provisions | 188.87 | 101.38 | 188.87 | 101.38 |
| Sub-total - Current liabilities | 866.60 | 114.31 | 866.90 | 114.31 |
| TOTAL - EQUITY AND LIABILITIES | 10251.83 | 9392.15 | 11306.95 | 9392.15 |
| B ASSETS | ||||
| 1. Non-current assets | ||||
| a) Fixed Assets | 101.18 | 81.64 | 101.18 | 81.64 |
| b) Goodwill on consolidation | 0.00 | 0.00 | 0.00 | 0.00 |
| c) Non-current investments | 240.40 | 333.90 | 1288.70 | 333.90 |
| d) Deferred tax assets (net) | 0.00 | 0.00 | 0.00 | 0.00 |
| e) Long term loans and advances | 0.00 | 0.00 | 0.00 | 0.00 |
| f) Other non-current assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Sub-total - Non-current assets | 341.58 | 415.54 | 1389.88 | 415.54 |
| 2. Current assets | ||||
| a) Current investments | 0.00 | 0.00 | 0.00 | 0.00 |
| b) Inventories | 995.99 | 2282.61 | 995.99 | 2282.61 |
| c) Trade receivables | 4.62 | 0.00 | 4.62 | 0.00 |
| d) Cash and cash equivalents | 55.55 | 40.19 | 62.38 | 40.19 |
| e)Short term loans and advances | 8619.60 | 6375.08 | 8619.60 | 6375.08 |
| f) Other current assets | 234.48 | 278.73 | 234.48 | 278.73 |
| Sub-total - Current assets | 9910.24 | 8976.61 | 9917.07 | 8976.61 |
| Total-Assets | 10251.83 | 9392.15 | 11306.95 | 9392.15 |
NOTES TO THE FINANCIAL RESULTS
- The above audited financial results have been reviewed by the audit committee and approved by the board of Directors at their respective meetings held on Monday, 29th May, 2017.The Staturory Auditors of the Company have carried out an audit of the Financial results for the year ended 31st March, 2017 and an unmodified report has been issued. The same has been forwaded to the Stock Exchange.
- The busisness of a Company falls within a single primary segement viz, 'Financial Services' and hence, the disclosure requirement of accounting Standard-17 'Segement Reporitng' is not applicable.
- The Board of directors has recommended a dividend on Equity shares Rs. 0.50 per sharefor the financial Year ended 2016-17, for the approval of the shareholders athe the ensuring Annual general Meeting. The Dividend shall be paid to those Shareholderswhose name appears on the register of members as on the record date.
- Figures for the quarter ended 31st March, 2017 and 31st March, 2016 are the balancing figures between audited figures in respect of full finacial year and the published year to date figures upto the third quarter of the relevent financial year.
- The Consolidated Financial Results comprise the following entities financial result alongwith Inter Globe Finance Limited: (i) Inter Globe Projects Ltd (ii) Inter Globe Realty Ventures Ltd (iii) Inter Globe Tradex & Services Ltd (iv) Inter Globe Medical College & Hospital Ltd (v) Inter Globe Engitech India Ltd (vi) Inter Globe Realtors Project India Ltd.
- Previous year / periods figures have been regrouped / reclassified, wherever necessary.
For and on behalf of Board of Directors
For Inter Globe Finance Ltd.
PLACE: KOLKATA
DATE: 29th May, 2017
(Suresh Kumar Jain)
Chairman-cum- Managing Director