Financial Result Quarter 2 - FY17-18

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 UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2017
 *(in Lakhs) 
Particulars  STANDALONE 
Quarter Ended  6 Months Ended  Year Ended 
30-Sep-17 30-Jun-17 30-Sep-16 30-Sep-17 30-Sep-16 31-Mar-17
 (Unaudited)  (Unaudited)   (Unaudited)  (Unaudited)   (Unaudited)   (Audited) 
I.Revenue from operations 235.63  1,206.04  3,386.86  1,440.69 4,483.43 7,848.96
II.Other Income  -   -    9.22  1.11  9.22  -   
III.Total Revenue (I+II) 235.63  1,206.04  3,396.08 1,441.80  4,492.65  7,848.96
IV.Expenses:
a. Cost of material consumed  -     -     -     -     -     -   
b. Purchases of Stock-in-trade  0.76  16.87  3209.99  17.64  4,207.34  6,881.67 
c. Change in inventories of finished goods, work-in-progress and Stock-in-trade  30.58  875.60 (83.35)  906.19 2.52 298.33
d. Employees benefits expense  43.57  42.18  14.30  85.75  24.31  94.20
e. Finance Costs  20.07  12.64  2.23  32.17 5.52 38.00
f.  Depreciation and amortisation expense 8.80  8.83  7.96  17.63 11.39  38.46
g. Other Expenses 232.77  188.90  122.17  421.80  177.06  342.74
Total Expenses  336.55  1,145.02  3,273.30 1,481.72 4,428.14 7693.40
V. Profit/(Loss) from Operations before 
exceptional and extraordinary items and Tax
 (III-IV)		  (100.92) 61.02  122.78  (39.92) (64.51)  155.56
VI.Exceptional items  -     -  -     -  -     88.84 
VII.Profit/(Loss) before extraordinary 
items and Tax (V+VI)		  (100.92)  61.02  122.78 (39.92) (64.51)  244.40
VIII.Extraordinary Items  -     -     -     -     -     -   
IX.Profit/ Loss before tax (VII-VIII)  (100.92)  61.02  122.78  (39.92)  (64.51)   244.40
X.Tax expense                 
(1) Current Tax  -  17.57  -     -  -  87.80 
(2) Deffered Tax  -     -     -     -     -     -   
XI.Profit/(Loss) for the period from continuing 
operations (IX-X)		  (100.92)  43.45 122.78  (39.92) (64.51)  156.60
XII.Profit/(Loss) for the period from 
Discontinuing operations 		  -     -     -     -     -     -   
XIII.Tax Expense of Discontinuing operations   -     -     -     -     -     -   
XIV.Profit/ Loss from discontinuing 
operations (after Tax) (XII-XIII)		  -     -     -     -     -     -   
XV.Profit/(Loss) for the period (XI+XIV)  (100.92) 43.45  122.78  (39.92)  (64.51)  156.60
XVI.Paid-up equity share capital  682.23   682.23   682.23   682.23   682.23  682.23
XVII.Earning per Equity Share (EPS) 
(1) Basic  (1.48)  0.64 1.80  (0.59)  0.95  2.30
(2) Diluted  (1.48) 0.64 1.80   (0.59)  0.95  2.30
* Except EPS which is determined in Rs. & Paise

STATEMENT OF ASSETS & LIABILITIES
FOR THE HALF YEAR ENDED 30TH SEPTEMBER, 2017
(Rs. in Lacs)
Particulars STANDALONE
AS AT
30-09-2017
(Un Audited)		 AS AT
31-03-2017
(Audited)
A EQUITY AND LIABILITIES
1. Shareholders' funds
a) Share Capital 682.23 682.23
b) Reserves and Surplus 8,649.64 8,690.21
c) Money received against share warrants 0.00 0.00
Sub-total - Shareholder's funds 9,331.87 9,372.44
2. Share application money pending allotment 0.00 0.00
3. Minority interest

0.00 0.00
4. Non-current liabilities
a) Long-term borrowings 0.00 0.00
b) Deferred tax liabilities (net) 0.00 7.96
c) Other long-term liabilities 2.76 4.82
d) Long-term provisions 0.00 0.00
Sub-total - Non-current liabilities 2.76 12.78
5. Current liabilities
a) Short-term borrowings 741.36 677.73
b) Trade payables 24.53 0.00
c) Other current liabilities 22.97 0.00
d) Short-term provisions 394.31 188.87
Sub-total - Current liabilities 1,183.17 866.60
TOTAL - EQUITY AND LIABILITIES 10,517.80 10,251.83
B ASSETS
1. Non-current assets
a) Fixed Assets 106.26 101.18
b) Goodwill on consolidation 0.00 0.00
c) Non-current investments 1,485.98 240.40
d) Deferred tax assets (net) 0.00 0.00
e) Long term loans and advances 0.00 0.00
f) Other non-current assets 0.00 0.00
Sub-total - Non-current assets 1,592.24 341.58
2. Current assets
a) Current investments 0.00 0.00
b) Inventories 7.81 995.99
c) Trade receivables 0.00 4.62
d) Cash and cash equivalents 114.38 55.55
e)Short term loans and advances 8,510.45 8,619.60
f) Other current assets 292.92 234.48
Sub-total - Current assets 8,925.56 9,910.24
Total-Assets 10,517.80 10,251.83

NOTES TO THE FINANCIAL RESULTS
  1. The aforesaid results for the quarter and Six Months ended September 30, 2017 have been reviewed by the Audit Committee and thereafter approved by the board at their respective meetings held on Tuesday, November 14, 2017.
  2. The aforesaid results have been subjected to Limited Review Report by the Statutory Auditors of the Company.
  3. The business 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.
  4. Inter Globe Finance Ltd. is a Non-Banking Financial Company (NBFC) as defined under the Companies (Indian Accounting Standard) (Amendment) Rules 2016 issued by the Ministry of Corporate Affairs vide notification dated 30th March, 2016. Accordingly, Financial Results as per Indian Accounting Standard (Ind-AS) of Schedule III shall be applicable to the Company effective from Accounting period beginning on 1st April, 2019 and the net worth of the Company is Rs. 93.73 Crores as on 31st March, 2017 which is less than 500 Crores
  5. Indirect Expenses for the Quarter ended September 30, 2017 includes Rs. 2 Crores as Provision for Doubtful Assets. The Management has provided 100% for the doubtful asset.
  6. 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: 14th November, 2017

Anirban Dutta
(Chief Financial Officer)