222,

LrD

CARt,lATI[if , N DUSTRT ES

ISO 9001 :2008

ACI{ARYAJAGADISH CHANDRA BOSE ROAD, KOLKATA.TOO OI7, INDIA

O : (+91-33) 22803127, 22902256, 2287 8229, Fax: (+91-331 ZZ87 9g3t
E-mail : info@carnationindustries.com. Web: rvrvrv.carnationindustries.com.

CIN: L27209W8 I 983PLCO35920

Date: 27th May 2016

Manager
Department

The Asst. General

Listing
The Bombay Stock Exchange
P.J. Towers, Dalal
Mumbai-400 001

Street

Ltd.

The Listing Manager

I The Calcutta Stock Exchange Ltd.
I 7, Lyons Range
I Kolkata -7(X) (P1

Dear Sir,

This is to inform you that the Board at its meeting held today {27.5.2AL6} considered
and approved the Audited Financial Results for the quarter/year ended 31't March,
2OL6. A copy of the Audited Financial Results, Auditors' Report and Form A for the said
period as required under Regulation 33 of SEBI (Listing Obligations and Disclosure
Requirerfients) Regulations 2015 is forwarded herewith for your record.
The Board has recommended a dividend of Re. 0.70 per Equity Share of Rs. 10/- each for
the year ended 3L't March ,201.6.
Thanking you
Yours faithfully

1jatXr$garvval

Compldny Secretary
Encl: as above

Registered Office
28/I, .'HEEL ROAII. P.o. SALKIA, LILUAH, HOWRAH . 7I

106

CARNAT]ON INDUSTRIES L]MITED

Regd. Office : 2811,JHEEL ROAD,L|LUAH, P.O.-SALK|A,HOWRAH-71
Ph. No. : (+9

-33) 2280

31

1 1

06.

27,2290 3284,2287 8229, F ax : (+9 1 -33) 22AZ 9938

Email: sanjay@camationindustries.com, Website :www.carnationindustries.com, CIN:L27209WB1983pLCO35g2O

PART

(Rs. in lakhs

Statement

of Audited Financial Results for the Quarter

& Year ended 31st MErch ,2016

Quarter -Ended

. SL.

Year - Ended

Particulars

No.

4
5

6
7

8
9

't0
1

12

13
14
15
16

31.12.2015

(Audited)

(Unaudited)

31

.03.2015

(Audited)

31.03.2016
(Audited)

31

.03.2015

(Audited)

leone from Operations

r) Net Sales / lncome from Operations (net of excise dutv)

31.03.2016

)) Other Operatinq lncome

Iotal lncome from Operations (net)
:xpenses
r) Cost of materials consumed
r) Purchase of stock-in{rade
) Changes in inventories of finished goods,work-in-progress and
;tock-in-trade
) Employee benefits expense
) Deoreciation and amortisation exDense
) Other expenses
Total Exoenses
Profiv(Loss) from operations before other income,finance costs
and exceDtional items (1-2)
Cther lncome
ProfiU(Loss) from ordinary activities before finance costs and
exceotional items (314)
Finance costs
ProfiU(Loss) from ordinary activities after finance costs but before
exceotional ltems (516)
ltems
=xceotional
rrofiU(Loss) from Ordinary activities before tax (7 t 8)
I ax ExDense
\et Proftu(Loss) trom ordtnarv Activities after tax (9 110)
ltems (Net of tax exoense)
=xtraordinarv
\et Prottt/(Loss) tor the Deriod (1 1 + 1 2
)aid uD eouitv share caoital (Face value Rs.1 0/-oer share)
leserve excluding Revaluation Reserves as per balanc,e sheet of
rrevious accountino vear
)Earnings per Share (before extraordinary items) (of Rs. 10/1

2.211.OO

2.O78.12

107.52

106.40

2.318.52

2.',t84.52

861.64

1.'t 15.95

0.4t

o.47

192.4i

25.00

290.58
33.65
898.87
2.277.69

308.92
32.67
561.96

40.83

2.315.59
128.08
2,443.67

9,428.00
414 13
9,842.13

9,180.54

1.303.57
2.17

4,782.96

5.321.47

1.57

425.94

100.31
301

275.66

479.45

9,659.99

(16e.01)
1,149.31
161.83

2.O44.97

37.70
616.89
2,361.77

1,262.11
138.15

2.796.72
9.257.17

2.349.99
9.239.53

139.55

81.90

584.96

420.46

.1

38.48

12.46

69.68

108.73

260.67

79.31

152.01

151.58

693.6S

681.13

16.09

70.29

124.46

392.61

504.04

63.22

81.72

27.12

301 08

177.09

t2

177.O9

63.22

61.

26.35
36.87

15.15

27.'t2
6.43

66.57

20_69

301.08
67.30
233.78

36.87
345.72

66.57
345.72

20.69
345.72

233.78
345.72

345.72

't,485.86

1,281.21

36 84
't40 25

140.2s

>ach)

1.06
1.06

't.93
1.93

0.60
0.60

6.76
6.76

4.06
4.06

l) Basic

'1.06

1.06

1.93
1.93

U.OU

b) Diluted

0.6t

6.76
6.76

4.06
4.06

r) Basic

l) Diluted
i)Earnings per Share (after extraordinary items) (of Rs. 10/-each)

SEGMENT REPORTING PURSUANT TO CLAUSE 41 OF THE LISTING AGREEMENT FOR THE QUARTER AND
YEAR ENDED 3,I MARCH 2016

CARNATION INDUSTRIES LIMITED

Regct. Office : 28/1,JHEEL ROAD,LILUAH,P.O'-SALKIA'HOWRAH-71

11

06'

) 2280 3127,2290 3284,2287 8229, F ax : (+9 1 -33) 2287 9938

Email: sanjay@camationindustries.com, Website :www.camationindustries.com, CIN:L27209W81983PLCO35920
Ph. No. : (+9

-33

Stiatement

of Assets and Liabilities

(Rs. rn laKnr

SL.
No.

Particulars

As

at

31.03.2016

at

31.03.2015

(Audited)

(Audited)
EQUITY AND LIABILITIES

A
ch."6h^l.laE

Filnale

a) Share Capital
b) Reserve & Surplus

Suh-total - Shareholdels Funds

2

As

ffiEurrent

Current Liabilities

1,626.93

74.O1

5.06
78.06

Liabilities

a)Lonq-Term Bonowings
SiDeterreo rax t-ianifities (net)
c)Lono-Term Provisions
Sub-Total - Non-Current Liabilities

345.72

345.72
1.485.86
{,83'1.s8

145.21

219.22

1.281.21

'126.
209.81

Sub-Total - Current Liabilities

6,628.33

3,434.7
3.371.85
64.36
49.60
6,920.57

TOTAL - EQUITY AND LIABILITIES

8,679.13

8,757.31

1.228.99
0.22
58.97
1,288.18

1.305.99

3.626.07
2.901.24
24.87

a)Short-Term Borrowinos
b)Trade Payables
c) Other Current Liabilities
d)Short-Term Provisions

76.1 5

ASSETS

B
,|

Non-Current Assets
a) Fixed Assets
b) Non-Current lnvestments
c) Long-Term Loans and Advances
Sub-Total - Non-Current Assets

Gurrent Assets

7,390.95
8,579.13

E,757.31

5.42t.t3
19s.28
114.13
869.1 0

Sub-Total - current Assets

TOTAL - ASSETS

1,35U.44

1,063.80
5.081.15
200.23
99 81
953.88
7,J94.67

784.71

a) lnventories
b) Trade Receivables
c) Cash and Bank Balances
d) Short-term Loans and Advances
\ Olher Crrrrent Assets

o.2

52.23

Notes :

and approved at the meeting of the Board of

The audited Financial Results and Segment Results were reviewed by the Audit committee
Directors of the Company held on 27thMay,2016.
correspond with the current period's
2. Figures for the previous periods are re-classified / re-ananged / re-grouped ' wherever necessary, to

l.

classification / disclosure.
3. Other operating income representing mainly export incentives '
to the same risk'& retums
4. The Company is engaged in the manufacture of Castings & M.S. Products (Fabricated Steel) which are subject
the Company operates'
in
which
areas
on
the
is
based
and hence constitute one primary segment. The analysis ofgeographical segments
year and the year to date
financial
ful1
ofthe
in
respect
figures
audited
the balancing figures between the
5.The figures for the last quurt .
year.
figures upto third quarter ofthe financial
for the year 2015-2016'
6. The Board of Directors have recommended dividend @7o/o (Fte.0.70) for Equity share of Rs.10 each

*.

trOt..1[\ffi
(RP.sffi-sztr-

Place: Kolkata
Date ':,27.05.2016

f,,*m

JAIN & BACARIA

Phone ,{11122:111

CHARTERED ACCOUNTANTS

2718A, WATERLOO STREET, KOLKATA. TOO 069

INDEPENDENT AUDITORS RE,PORT

To

Board of Directors of Carnation Industries Limited,

We have audited the accompanying Statement of financial results of Carnation
Industries Limited ('the Company') for the quarter and year ended 31't March
2016("the Statement"), being submified 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 statement which are in accordance
with the Accounting Standard prescribed, under Section 133 of the Companies Act,
2013 read with relevant rules issued there under and other accounting principles
generally accepted in India. Our responsibility is to express an opinion on the
Statement.

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 Statement is free from material
misstatement. An audit includes examininB, on a test basis, evidence supporting
the amounts disclosed in the Statement. An audit also includes evaluating the
appropriateness of the accounting policies used and the reasonableness of the
significant accounting estimates made by 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.

In our opinion and to the best of our information and according to the explanations
given to us the Statement:

(i) are presented in accordance with the requirements of Regulation 33 of the

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
in this regard; and

(ii) gives a true and fair view of the net profit and other financial information
for the quarter ended 31't March 2016 as well as the year to date results for
the period from l't April 2OL5 to 31't March 2016.

Emphasis of Matters
We draw attention to the following matter in the Notes to the financial statements:

(i) Note 16(a) to

receivables from

the financial

statements which describes

the overdue

a related Party-

Our opinion is not modified in respect of this matter'

Note No 16 (a): Export proceeds in foreign exchange from a related party of

Rs. 2544.19 lacs (previoui year Rs. 2907.51 lacs) could not be realised within
12 months from the dates of export as at the end of the year. Total outstanding
as on 31.03.2016 is Rs. 2544.19 lacs (Previous Year Rs. 3173.04lacs). Out of
that Rs. 3639 Lacs (Previous Year 64.75lacs) have since been realised.
The Statement includes the results for the Quarter ended 31't March,2016 being
the balancing figure between audited figures in respect of full financial year and
the publishea year to date figures up to the third quarter of the current financial
year which were subject to limited review by us.

27l\A,Waterloo Street
Kolkata -700 069

Dated: 2710512016

FOT

JAIN & BAGARIA

Chartered Accountants

B.K. Agarwal
(Partner)
Membership No. 065361
FRN:310045E

27hlvlay,2m16

FORMA
(Pursrrant to Regularion 33 of sEBr @isting obtigetims and Disetosure
requiremenr) Reguletions, 201 S!

31*Merch,2016

l)

ManagingDircctor
For GARNAIIoil

lNlilJs[filtff

LTD.

rrMul

Managing Dhector

Audit Commiffee
Chaiman

rv)

Auditor of the
Company

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