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EMPEif1
Administrative Office: "Empee Tower" 59, Harris Road, Pudupet, Chennai - 600 002.
Tel: 91-44-28531111 Fax: 91-44-28555163 Web: www.empeegroup.co.in
. GIN: L24110AP1988PLG009291
11.8.2016
Dear Sirs,
Sub: Outcome of the Board meeting.- Unaudited Financial Results for the quarter
ended 30.6.2016.
The Board of Directors at their meeting held on 11.8.2016 have approved
Financial Results for the quarter ended so" June 2016.
the Un-audited
The copy of the above results along with Limited Review Report are enclosed.
Thanking you
Yours faithfully
For Empee Sugars and Chemicals Ltd
:'
M.P.Purushothaman
Chairman & Managing Director
Encl:a/a
: Alangulam Road, Edaikal Village, Ambasamudram Taluk, Tirunelveli Dist. - 627 821. Tamil Nadu.
Ph : 04634-293643 Ph: 04634-251711
VENKATESH & CO
Chartered Accountants
INDEPENDENT
"We have reviewed the accompanying statement of Unaudited Standalone Financial results of
Empee Sugars and Chemicals Limited for the Quarter and period ended 30th June, 2016.
This statement is the responsibility of the Company's management and has been approved by
the Board of Directors. Our responsibility is to issue a report on these financial results based
on our review.
We conducted our review in accordance with the standard on Review Engagements (SRE)
2410. 'Review of Financial Information
issued by the Institute of Chartered Accountants of India. This standard requires that we plan.
and perform the review to obtain moderate assurance as to whether the statement is free of
material misstatement.
analytical procedures applied to financial data and thus provide less assurance than audit. We
have not performed an audit and accordingly we do not express an audit opinion.
The company has made a reference to BIFR as the net worth is eroded for submission of the
rehabilitation
scheme.
Based on our review conducted as above, nothing has come to our notice that causes us to
believe that the accompanying statement, prepared in accordance with Accounting Standards
and other recognized accounting practices and policies, has not disclosed the information
required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and
Disclosure requirements)
0 4
ants
6S
Place: Chennai
Date:
11/08/2016
Email : venkateshandco@gmail.com
CIN: L24110AP1988PLC009291
Regd. Office: Ayyapareddipalem,
Statement of Un-Audited Financial Results for the Quarter ended 30th June 2016
PART I
Rs. in lakhs
Quarter ended
Particulars
S.No.
30.6.2016
31.03.2016
30.6.2015
31.3.2016
(Unaudited)
(Unaudited)
(Unaudited)
(Audited)
709.96
3553.07
766.84
.-
Expenses
(a) Cost of materials consumed
(b) Purchases of stock-in-trade
(c) Changes in inventories of finished goods, work-in-
709.96
3,553.07
766.84
5,044.87
472.54
4695.93
245.77
5,764.53
131.72
(85.11)
449.31
368.98
85.79
608.77
228.46
647.28
156.75
608.77
597.35
2,473.58
Other income
96.64
1,395.45
853.64
6,340.20
151.18
1,611.78
1143.34
10,347.78
-685.49
-2,787.13
-844.94
-5,302.91
36.14
207.59
9.69
250.51
-649.35
-2,579.54
-835.25
-5,052.40
37.48
0.00
1,836.64
5,687.45
-686.83
-2,579.54
-2,671.89
-10,739.85
-2,579.54
-2,671.89
-10,739.85
-2,579.54
-2,671.89
-10,739.85
(686.83)
(2,579.54)
(2,671.89)
(10,739;85)
(686:83)
(2,579.5~)
(2,671.89)
(10;739.85)
4,197.29
4,197.29
4,197.29
4,197.29
-45380.93
(1.62)
(6.15)
5,044.87
:.nrl <:tnrtt_in_tr~rlt3-
nrnar,:a<:<:
Year ended
1":1 11\
Finance costs
Profit / (Loss) from ordinary activities after finance costs but
h~fnr~ pvrpnfoinn::.1
itpmc::
(r:; F;\
Exceptional items
10
Tax expense
11
12
Extraordinary items
13
Net Profit
14
15
16
17
I (Loss)for the
0
-686.83
0
-686.83
0
period (11 12)
t:
18
19
~ ~1(r;f
116~
en
~
Harris Road.
Chennai-2
O'fJt.:J
"*
r;;
A,
'C'y
--=--
(6.37)
(25.59)
LIMITED
CIN: L24110AP1988PLC009291
.0
-2PART II
Particulars
30.6,2016
(Unaudited)
A
PARTICULARS OF SHAREHOLDING
Public shareholding
- Number of shares
- Percentage of shareholding
Quarter ended
31.03.2016
(Unaudited)
Year ended
30.6.2015
(Unaudited)
31.3.2016 (Audited)
12,771,636
30.43
12,771,636
30.43
12,771,636
30.43
12,771,636
30.43
21,110,607
21,110,607
21,110,607
21,110,607
72.29
72.29
72.29
72.29
50.30
50.30
50.30
50.30
8,090,657
8,090,657
8,090,657
8,090,657
27.71
27.71
27.71
27.71
19.28
19.28
19.28
19.28
Particulars
1. Segment
(net
31.03.2016
(Unauditedl
30.6.2015
IUnauditedl
31.3.2016
(Audited)
Revenue
sale/income
from
each
segment
should
be disclosed
under
this
head)
(a) Segment
(b)
- Sugar
Segment- tAP
(c),Segment
- Power
36.17
2.892.45
236.34
3.206.93
673.36
0.43
659.95
530.50
1.836.08
0.67
0.00
1.86
766.84
5,044.87
(d) Unallocated
Total
709.96
3.553.07
Results
(Profit)(+)/
Loss
before
tax
and
interest
709.96
3,553.07
766.84
5,044.87
(351.49)
(1,388.84)
(354.94)
-2,680.31
13.38
(25.15)
72.18
(395.10)
(295.59)
(455.16)
-1,535.78
-908.49
~49.35
37.48
-2,579.54
~86.83
from
Each segment)
(a) Segment
(b)
- Sugar
Segment- lAP
(e) Segment
97.24
- Power
(d) Unallocated
(908.49)
Total
Less:(i)
~i)Other
(iii)
Interest
Un-allocable
Un-allocable
Total
Profit
3.Capital
Expenditure
-835.25
-5,052.40
1,836.64
5,687.45
-2,579.54
-2,671.89
-10,739.85
7471.86
7938.40
10,036.19
7938.40
525.48
433.75
-2912.49
-2547.63
595.89
853.71
-2,547.63
net off
income
Before
Tax
Employed
(b)
- Sugar
Segment- lAP
(e) Segment
- Power
(d) Unallocated
Total
433.75
5740.25
5799.89
5,761.20
5,799.89
10,825.10
11,624.41
17,246.99
11,624.41
Notes:
1. The above audited financial results for the quarter ended 30.06.2016
approved
of the company, the Company has been registered as Sick Company under the provisions
3. The Company had received SARFAESInotices u/s.13(4) of the SARFAESIAct from Indian Bank and Union Bank of India to take
symbolic possession of the Sugar unit Assets located at Naiduept.
Edelweiss Assets Construction
Co. Ltd, Mumbai and hence the action under SARFAESIAct u/s 13(4) has become infructuous.
MW power co- gen plant in this location has stopped generation of power since 1.12.2014 to 30.6.2016 due to a) Non availability
of bagassee from the sugar factory and
b) Further coal as an alternate fuel to generate power could not be purchased due to
financial crisis.
5. The company operates sugar, lAP and Power segments and segmental accounts are given in the financial results
6. The Company has received SARFAESInotices u/s.13(4) of the SARFAESIAct from India Indian Bank, Union Bank of India, Punjab
National Bank, Indian Overseas Bank, Oriental Bank of Commerce, Bank of India and Andhra Bank to take symbolic possession of
the Sugar unit Assets located at Ambasamudram.
The Company has filed an appeal before DRT, Madrurai. However excepting
BOI, PNB, lOB the other Banks have assigned their borrowings
the above Banks to M/s.Edelweiss
Assets Construction
Co.Ltd, Mumbai.
Due to BIFR status and since some Banks have gone in for ARC mechanism, interest on borrowings from Banks have not been
provided for.
7. Previous period(s) figures have been regrouped wherever necessary.
Place: Chennai
Date :11.2.2016
M_P.Purushothaman
Chairman
& Managing
Director
Ltd