General information about company

Scrip code530461
NSE Symbol
MSEI Symbol
ISIN*INE440C01016
Name of companySaboo Sodium Chloro Limited
Class of securityEquity
Date of start of financial year01-04-2017
Date of end of financial year31-03-2018
Date of board meeting when results were approved30-05-2018
Date on which prior intimation of the meeting for considering financial results was informed to the exchange21-05-2018
Description of presentation currencyINR
Level of rounding used in financial resultsLakhs
Reporting QuarterYearly
Nature of report standalone or consolidatedStandalone
Whether results are audited or unauditedAudited
Segment ReportingSingle segment
Description of single segmentManufacturing of salt
Start time of board meeting03:30
End time of board meeting07:20



Financial Results Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-01-201801-04-2017
BDate of end of reporting period31-03-201831-03-2018
CWhether results are audited or unauditedAuditedAudited
DNature of report standalone or consolidatedStandaloneStandalone
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1Income
Revenue from operations603.152325.93
Other income3.39.01
Total income606.452334.94
2Expenses
(a)Cost of materials consumed323.171174.294
(b)Purchases of stock-in-trade00
(c)Changes in inventories of finished goods, work-in-progress and stock-in-trade-397.62-346.57
(d)Employee benefit expense 36.208201.133
(e)Finance costs113.313317.123
(f)Depreciation, depletion and amortisation expense39.072157.637
(f)Other Expenses
1Other Expenses477.192788.652
10
Total other expenses477.192788.652
Total expenses591.3352292.269

Financial Results Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-01-201801-04-2017
BDate of end of reporting period31-03-201831-03-2018
CWhether results are audited or unauditedAuditedAudited
DNature of report standalone or consolidatedStandaloneStandalone
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
3Total profit before exceptional items and tax15.11542.671
4Exceptional items 00
5Total profit before tax15.11542.671
7Tax expense
8Current tax08.15
9Deferred tax013.384
10Total tax expenses021.534
11Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement00
14Net Profit Loss for the period from continuing operations15.11521.137
15Profit (loss) from discontinued operations before tax00
16Tax expense of discontinued operations00
17Net profit (loss) from discontinued operation after tax00
19Share of profit (loss) of associates and joint ventures accounted for using equity method00
21Total profit (loss) for period15.11521.137
22Other comprehensive income net of taxes00

Financial Results Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-01-201801-04-2017
BDate of end of reporting period31-03-201831-03-2018
CWhether results are audited or unauditedAuditedAudited
DNature of report standalone or consolidatedStandaloneStandalone
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
23Total Comprehensive Income for the period15.11521.137
24Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
25Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent00
Total comprehensive income for the period attributable to owners of parent non-controlling interests00
26Details of equity share capital
Paid-up equity share capital2418.252418.25
Face value of equity share capital1010
27Details of debt securities
Paid-up debt capital00
Face value of debt securities00
28Reserves excluding revaluation reserve465.02
29Debenture redemption reserve00
30Earnings per share
iEarnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations0.0060.09
Diluted earnings (loss) per share from continuing operations0.0060.09
iiEarnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations00
Diluted earnings (loss) per share from discontinued operations00
iiEarnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations0.0060.09
Diluted earnings (loss) per share from continuing and discontinued operations0.0060.09
31Debt equity ratio0.000%0.000%
32Debt service coverage ratio0.000%0.000%
33Interest service coverage ratio0.000%0.000%
34Disclosure of notes on financial resultsTextual Information(1)

Text Block

Textual Information(1)Notes:

1. This statement has been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on May 30, 2018.

2. The Company has adopted Companies Indian Accounting Standards (IND-AS) from April 1, 2017 with a transition date of April 1, 2016 and accordingly these unaudited financial statements have been prepared in accordance with the recognition and measurement principles laid down in IND-AS 34 Interim Financial Reporting as prescribed under Section 133 of Companies Act, 2013 read with relevant rules there under and other accounting principles generally accepted in India.

3. This statement includes results for the previous year ended March 31, 2017 which are not IND-AS compliant, as the same are not mandatory as per Clause 2.6.1 of SEBI circular no. CIR/CFD/FAC/62/2016 dated July 05, 2016.

4. The company is primarily engaged in the business of Salt Manufacturing which constitutes a single reportable segment. Accordingly, company is a single reportable segment in accordance with IND-AS 108 'Operating Segment'.

5. The IND-AS compliant corresponding figures for the previous year including reconciliation of Net profit or loss reported for the quarter and year ended March 31, 2017 have not been subjected to review/audit. However, the company's Management has exercised necessary due diligence to ensure that such financial results provide true and fair view of its affairs.

6. The Adoption of IND-AS have necessitated changes in the accounting, recognition and measurement criteria of various items of income and expenditure. The reconciliation of the financial results as reported under various GAAP with those restated as per IND-AS for the quarter and year ended March, 2017 is as under:
(Amount in Lakhs)
Description quarter year
A) Net profit as per previous GAAP (Indian GAAP) 13.97 45.337
1. Investment in equity shares at fair value through P&L A/c -96.22 -96.22
2. Tax impact of above adjustment 19.24 19.24
Net profit as per IND-AS -63.01 -31.643
Other Comprehensive Income - -
Total Comprehensive Income -63.01 -63.01

7. Previous quarter results have been regrouped/rearranged wherever considered necessary.



Statement of Asset and Liabilities

ParticularsCurrent year ended (dd-mm-yyyy)
Date of start of reporting period01-04-2017
Date of end of reporting period31-03-2018
Whether results are audited or unauditedAudited
Nature of report standalone or consolidatedStandalone
Assets
1 Non-current assets
Property, plant and equipment1560.361
Capital work-in-progress822.048
Investment property0
Goodwill0
Other intangible assets1.182
Intangible assets under development0
Biological assets other than bearer plants0
Investments accounted for using equity method0
Non-current financial assets
Non-current investments112.4
Trade receivables, non-current0
Loans, non-current137.13
Other non-current financial assets0
Total non-current financial assets249.53
Deferred tax assets (net)0
Other non-current assets0
Total non-current assets2633.121
2Current assets
Inventories1601.303
Current financial asset
Current investments45.622
Trade receivables, current931.571
Cash and cash equivalents9.096
Bank balance other than cash and cash equivalents0
Loans, current1368.934
Other current financial assets0
Total current financial assets2355.223
Current tax assets (net)0
Other current assets4.594
Total current assets3961.12

Statement of Asset and Liabilities

ParticularsCurrent year ended (dd-mm-yyyy)
Date of start of reporting period01-04-2017
Date of end of reporting period31-03-2018
Whether results are audited or unauditedAudited
Nature of report standalone or consolidatedStandalone
3Non-current assets classified as held for sale0
4Regulatory deferral account debit balances and related deferred tax Assets0
Total assets6594.241
Equity and liabilities
Equity
Equity attributable to owners of parent
Equity share capital2418.25
Other equity463.875
Total equity attributable to owners of parent2882.125
Non controlling interest
Total equity2882.125
Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current1807.768
Trade payables, non-current0
Other non-current financial liabilities0
Total non-current financial liabilities1807.768
Provisions, non-current14.207
Deferred tax liabilities (net)150.076
Deferred government grants, Non-current0
Other non-current liabilities0
Total non-current liabilities1972.051
Current liabilities
Current financial liabilities
Borrowings, current1146.501
Trade payables, current493.834
Other current financial liabilities0
Total current financial liabilities1640.335
Other current liabilities30.782
Provisions, current68.948
Current tax liabilities (Net)0
Deferred government grants, Current0
Total current liabilities1740.065
3Liabilities directly associated with assets in disposal group classified as held for sale0
4Regulatory deferral account credit balances and related deferred tax liability0
Total liabilities3712.116
Total equity and liabilites6594.241
Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results

Particulars3 months/ 6 month ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period01-01-201801-04-2017
Date of end of reporting period31-03-201831-03-2018
Whether accounts are audited or unaudited
Nature of report standalone or consolidatedStandaloneStandalone
1Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3(Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments