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14. Debt Service Coverage Ratio (DSCR) 7.14 4.19 6.80 4.18
15. Interest Service Coverage Ratio (ISCR) 16.16 10.69 15.61 10.66
Notes:
The above results which are published in accordance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been
1reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 10, 2018 and have been audited by the Staturoty Auditors of the Company. In terms of SEBI
Circular CIR/CFD/CMD/S6//2016 dated May 27, 2016 the Company hereby declares that the auditors have issued audit reports both for standalone and consolidated financial results with unmodified
opinion for the year ended March 31, 2018.
The above financial results are in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013. The figures for the quarter ended March 31,2 2018 and the corresponding previous quarter are the balancing figures between the audited figures in respect of full financial year and the year-to-date figures upto the third quarter of the financial
year.
3The Consolidated Financial Results have been prepared by consolidating the Company's audited quarterly and year ended accounts for the quarter and year ended March 31, 2018 with the audited
quarterly and year ended account for the quarter and year ended March 31, 2018 of its Subsidiaries, KRBL DMCC, Dubai, UAE and K 8 Exports Private Limited, India.
4The Board of Directors have recommended a Final Dividend of Rs. 2.30 (230%) per paid up equity share of Re.1/— each, aggregating to Rs. 5414 Lacs for the financial year ended March 31, 2018, vide
their resolution dated May 10, 2018, subject to approval of shareholders in the upcoming Annual General Meeting.
5 Segment information as per Ind—AS 108 on‘
Operating Segments‘ is disclosed in Annexure—I.
Ratios have been computed as follows:
6(a) Debt Equity Ratio = Term Loans / Shareholders Fund
(b) DSCR = Earning before interest and depreciation but after tax/ (interest on term loans + principal repayment of term loans)
(c) ISCR = Earning before interest, depreciation and tax / interest expense.
7 Previous period's figures have been regrouped and/or rearranged wherever necessary.
By Order of the Board
For K L Limited
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A5560]: Kumar'GuptaPlace: Noida, Uttar Pradesh Joint Managing Director
Date: May 10, 2018 DIN: 00030150
Annexure-I
Segment wise Revenue, Results, Assets and Liabilities
As per Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Auditor’s Report on Quarterly and Year to Date Standalone Financial Results of
KRBL Limited
Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
To
The Board of Directors
KRBL Limited
5190, Lahori Gate, Delhi-110006
1. We have audited the accompanying quarterly standalone Financial Results of
KRBL Limited (“the Company”) for the quarter ended March 31, 2018 and the
year to date standalone financial results for the period from April 01, 2017 to
March 31, 2018, being submitted by the Company pursuant to the requirement of
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, read with Circular No. CIR/CFD/FAC/62/2016 dated July 05,
2016.
2. These standalone quarterly as well as year to date financial results have been
prepared on the basis of the standalone Ind AS interim financial statements,
which are the responsibility of the Company’s Management. Our responsibility
is to express an opinion on these financial results based on our audit of such
standalone Ind AS interim financial statements, which have been prepared in
accordance with the recognition and measurement principles laid down in Indian
Accounting Standard, Interim Financial Reporting (Ind AS 34), prescribed under
Section 133 of the Companies Act,° 2013 read with relevant rules issued
thereunder and other accounting principles generally accepted in India.
3. 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 financial results. An audit also includes
assessing the accounting principles used and significant estimates made by the
management. We believe that our audit provides a reasonable basis for our
opinion.
:2:
4. In our opinion and to the best of our information and according to the
explanations given to us, these quarterly and year to date standalone financial
results:
(i) have been prepared in accordance with the requirements of Regulation 33 of
the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, read with Circular No. CIR/CFD/FAC/62/2016 dated July 05, 2016;and
(ii) give a true and fair view of the financial performance including other
comprehensive income and other financial information for the quarter ended
March 31, 2018 as well as the year to date results for the period from April01, 2017 to March 31, 2018.
5. The Statement includes the results for the Quarter ended March 31, 2018 beingthe balancing figure between audited figures in respect of the full financial year
and the published year to date figures up to the third quarter of the current
financial year which were subject to the limited review by us.
Auditoris Report on Quarterly and Year to Date Consolidated Financial Results
of KRBL Limited
Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
To
The Board of Directors
KRBL Limited
5190, Lahori Gate, Delhi—110006
1. We have audited the accompanying quarterly consolidated financial results of
KRBL Limited (“the Holding Company”) and its subsidiaries (collectivelyreferred to as “the Group”) for the quarter ended ended March 31, 2018 and the
year to date consolidated financial results for the period from April 01, 2017 to
March 31, 2018, being submitted by the Company pursuant to the requirement of
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, read with Circular No. ClR/CFD/FAC/62/2016 dated July 05,
2016.
2. These consolidated quarterly as well as year to date financial results have been
prepared on the basis of the consolidated Ind AS interim financial statements,
which are the responsibility of the Holding Company’s Management. Our
responsibility is to express an opinion on these consolidated financial results
based on our audit of such consolidated Ind AS interim financial statements,
which have been prepared in accordance with the recognition and measurement
principles laid down in Indian Accounting Standard, Interim Financial Reporting
(Ind AS 34), prescribed under Section 133 of the Companies Act, 2013 read with
relevant rules issued thereunder and other accounting principles generally
accepted in India.
3. 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 financial results. An audit also includes
assessing the accounting principles used and significant estimates made by the
management. We believe that our audit provides a reasonable basis for our
opinion.
:2:
4. We did not audit the financial statements / financial information of the Subsidiary
Companies, whose financial statements / financial information reflect total assets
(net) of Rs. 13.91 Crores as at March 31, 2018, total revenue of Rs. 4.33 Crores
and net cash flows amounting to Rs. (0.86) Crores for the year ended March 31,
2018. These financial statements / financial information have been audited byother auditors whose reports have been fiirnished to us by the Management and
our opinion is based solely on the reports of the other auditors. Our opinion is not
qualified in respect of this matter.
5. In our opinion and to the best of our information and according to the
explanations given to us, these quarterly and year to date consolidated financial
results:'
(i) include the quarterly and year to date financial results of the followingentities:
a) KRBL DMCC Group.
b) K B Exports Private Limited.
(ii) have been presented in accordance with the requirements of Regulation 33
of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, read with Circular No. ClR/CFD/FAC/62/2016 dated July 05, 2016;and
(iii) give a true and fair view of the consolidated financial performance includingother comprehensive income and other financial information for the quarterended March 31, 2018 as well as the year to date results for the period from
April 01, 2017 to March 31,2018.
6. The Statement includes the results for the Quarter ended March 31, 2018 beingthe balancing figure between audited figures in respect of the filll financial year
and the published year to date figures up to the third quarter of the current
financial year which were subject to the limited review by us.
for S S A Y & Associates
Chartered Accountants
Firm Registration No. 012493
2nd Floor, Plot No. 3,
Local Shopping Complex,B Block Market, Vivek Vihar,
Phase—1, New Delhi—~1 10 095
(Yu a1 Kishor Malhotra)Date : 10/05/2018 Partner
PlacezNoida (Membership No. 542048)
- LimitedEIKRBL/BIBHU/STKWEXJ819/07May 10, 2018
The General Manager National Stock Exchange of India Limited
,/ Department of Corporate Services “Exchange Plaza”, C-1, Block-GBSE Limited Bandra-Kurla ComplexFloor 25, Phiroze Jeejeebhoy Towers Bandra (E)Dalal Street Mumbai-400051
Mumbai - 400 001
Scrip Code: 530813 Symbol: KRBL Series: Eq.
Dear Sir/Madam,
Sub: Declaration pursuant to Regulation 33 (3) (d) of the SEBl (Listing Obligations andDisclosure Requirements), Regulations, 2015
This is with reference to the Standalone and Consolidated Audited Financial Results of KRBLLimited for the fourth quarter (Q4) and financial year ended March 31, 2018, which have been
approved by the Board of Directors of the Company at their meeting held on, Thursday, May 10,2018.
In this regard, we do hereby declare that, the Auditor’s Report on Standalone and ConsolidatedAudited Financial Results of the Company, for the fourth quarter (Q4) and financial year endedMarch 31, 2018, issued by the Statutory Auditors of Company, is with unmodified opinion.
This declaration is given pursuant to the provisions of Regulation 33(3)(d) of the SEBl (ListingObligations and Disclosure Requirements) Regulations, 2015, as amended vide SEBl NotificationNo. SEBl/LAD-NRO/GN/2016-2017/001 dated May 25, 2016 and SEBl Circular No.
Sub: Declaration pursuant to Regulation 33 (3) (d) of the SEBI (Listing Obligations and
Disclosure Requirements), Regulations, 2015
This is with reference to the Standalone and Consolidated Audited Financial Results of KRBL
Limited for the fourth quarter (Q4) and financial year ended March 31, 2018, which have been
approved by the Board of Directors of the Company at their meeting held on, Thursday, May 10,2018.
In this regard, we do hereby declare that, the Auditor’s Report on Standalone and Consolidated
Audited Financial Results of the Company, for the fourth quarter (Q4) and financial year ended
March 31, 2018, issued by the Statutory Auditors of Company, is with unmodified opinion.
This declaration is given pursuant to the provisions of Regulation 33(3)(d) of the SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015, as amended vide SEBI Notification
No. SEBl/LAD-NRO/GN/2016-2017/001 dated May 25, 2016 and SEBI Circular No.