~j GRAV~SS
--
HOSPITALITY
-
To, Bombay Stock Exchange Ltd. Phiroz Jeejeebhoy Towers, Dalal Street, Mumbai 400 001
Sub: Audited financial results for the year ended 31st March,2016. Ref: Company Code no. 509546 Pursuant to clause 33 of the Listing Agreement, Please find enclosed herewith Audited Standalone & Consolidated Financial Results for the financial year ended 31 sl March. 2016 duly approved at the meeting of the Board of Directors of the Company held on today, 24th May, 2016.
Kindly Acknowledge the same. Thanking you. Yours truly, For GRAVISS HOSPITALITY
LTD.
\.-~-.J J~HAH MPANYSECRETARY End: as above
GRAVISS HOSPITALITY LTD. CIN: L55101PN1959PLC012761 (FORMERLY
KNOWN
AS THE GL HOTELS
LIMITED)
REG. OFFICE' j-l77 MIDC I . , NDUSTRIALAREA, BHOSARI PUNE - 411 026 ADMIN. OFFICE' 254-C DR A B ' . . ,. NNIE ESANT ROAD, WORLI, MUMBAI - 400 030 T 91.22. 4050 1111, F 91.22. 2491 5555 .
www.gravissgroup.com
PART-I --_._-----
STATEMENT
OF
AUDITED
RESULTS
FOR
QUARTER
THE
AND
12
MONTHS
ENDED
31
2016
MARCH
...
Sr.
~ 1 Income from operations aj INet Sales and Services from b) I Other Operatino Income
:U Quarter
Particulars
operations
operations
(net
31-03-2015 Audited
31-03-2016 Audited
31-12·2015 Unaudited
1,471
1,461
2 Total Income, from
Year ended
ended
3
1,473
1,464
31-03-2016 Audited
31-03-2015 Audited
1,533 1
4,986 10
5,152 8
1,534
4,995
5,160
1!,ses P~rchases Chanoes in Stock 'b c' Employee benefits expenses d\ Depreciation and Amortization ej Power, Fuel and Water
206 16 339 75
f
Other
Total expenses
---t--"!Ofit
from Operations
--r
t- -
78 731 1,444
215 45 331 147 71
601 1,390
612 1,421
2,317 5,214
5,296
28
74
114
(218
135 22
Expenses
expenses
4 Ot~r
~o;,t
before
Income
•
from ordinary
a~tlYltles
~----6 Finance
other
Income,
before
finance
finance
costs
and Exceptional
~nd exceptional
items
items
(1-2)
3+4
--
costs
_Z+-f5i:~rom
costs
ordll,ary
activities
after
finance
activities
before
costs
but before
exceptional
Items
741 82 1,311 573 329 2,261
763
259 35 341 141 84
jal
----'--
5-6
9 1,340 470 333
8
1
10
15
37
75
123
203
114
35
37
31
139
137
2
38
92
342
251
2
38
92
(342
(251
(29
(100
(29
__~___ L ___¥xceptional
items
I 9 Profit from ordinary
-
~Q Tax
I expenses
I Profit .l1. Net ---T
(100
_"
..
from Ordinary
~
'12 Extraordinary I 13 Net Profit
tax (7+8)
Activities
after tax (9·10
102
38
121
(242
222
102
38
121
(242
222
items (net of tax expenses)
for the period
I _.~
Share of Profit / (Lossl.",f
I 151Minority
associates
!
Interest
--:Iifu~roflt
for the period
_ l/1pald,
~' -18
minority
interest
and share
of profit
I (loss)
of associates
up EqUity Share Capital (Rs 2/- each)
102
38
121
(242
(222
1,410
1,410
1,410
1,410
1,410
21,997
22,239
I
!_~_eserves and SurplUS
1llil,;ar~ln9
t
Per Share IEPSl
beiore
Extraordlnarv
items
Rs.)
(II
BaSIC
014
005
0.17
034
0.31
,-'i,t
Diluted
0.14
005
017
(034
1031
·ii.TIJI:;~-per ..-
after taxes,
Share (EPS) after EXlraord'lnary
~8aSIC (II)
items
Diluted
---
I
014
005
0.17
(0.34
10.31
014
0.05
0.17
(034
(0.31
[PART-II (Select
Information
for
the
Quarter
and
12
~,~
Months
Ended
31
March
2016 CONSOLIDATED
S""-I
Quarter
Particulars
--A
.2-_
of Shares Percenlaoe of shareholdlno
---
Promoters
'a'
b
-.....
B
Year to date
31-03-2016 Audited
31-12-2015 Unaudited
31-03·2015 Audited
31-03-2016 Audited
31-03-2015 Audited
177,82.435
177,82,435
177,82.435
177,82,435
177,82,515
PARTICULARS OF SHARE HOLDING P,~bllc shareholding _
___ + Number .. .2.
ended
-
and Promoters
25
Non encumbered shares Number of shares Percentage of shares ( as Percentage of shares ( as
Pending Received
'Yo of the total shareholding %
of the {otal share
COMPLAINTS
al the beginning
25
25
25
Group Shareholding
Pledoed I encumbered shares N umber of shares Percentaae of shares ( as % of the lolal shareholdina of Promoter & Promoter Percentage of shares ( as % of the lotal share capital of the Companyl
INVESTOR
25
('...apil~1
of Promoter & Promoter of the COrTlpany)
NIL
NIL
NIL
NIL
GrouD)
531.08.212 , 10000 75
531,08,212 10000 75
531,08.212 100.00 75
531,08.212 100.00 75
Quarter ended 31-03-2016 of the quarter
dUring Ihe quarter
DISposed of dunng the quarter Remalrlrng unresolyed al the end of the quarter
NIL
Grouol
0 11 11 0
531.08,212 10000 75
1
The above audited results have been reviewed
and recommended
by the Audit Committee
and subsequently
approved
by the Board of Directors
at its meeting held on 24.05-2016
4 The Company has three subsidiary companies ,e 1) Graviss Catering Private limited (GCPL), 2) Graviss Hotels & Resorts Limited (GHRL) and 3) rlotel Kankeshwar Private limited (HKPL). The Company has presented the audited consolidated results for the period with the figures of GCPL only as GHRL and HKPL have not yet commenced any commerCial activity
6. The Standalone
audited results of the Company
for the quarter and 12 months ended 31 March 2016 are as follows: Rs in lacs Quarter
Particulars
ended
Year to date
31-03-2016 31-12-2015 31-03-2015 AUdited
Unaudited
1,398 104 243
Income from Operations Profit Before Tax Net Profit After Tax
Particulars
Audited
1,380 33 33
STANDALONE
EqUITY
Audited
CONSOLIDA Audited
Audited
Audited
4,730 (247) . (108)
1453 98 136
31-03-2016 31-03-2015 31-03-2016 AUdited
31-03-2016 31-03-2015
TED
31-03-2015 Audited
AND LIABILITIES
Shareholders' Funds Share capital Reserves and surplus
Non-current Liabilities Long-term borroWings
Current Liabilities Short·term borrOWings Trade payables Otner current liabilities ShOrt-term provisions
1,410 23,046 24,456
1,410 23,153 24,564
1,410 21,997 23,408
1,410 22,239 23,649
179 179
204 204
360 360
389 390
736 373 467 5 1,581
488 406 422 9 1,325
736 383 511 5 1,635
488 423 480 9 1,400
26,216
26,092
25,403
25,439
13,573 2 46 13,621
13,797 2 13,806
15,967 2 6161 22,129
16,134 7 6,074 22,215
22 11,337 61 22 25,063
22 11,130 54 (117) 24,894
4 1,919 89 22 24,163
4 1,937 109 (80) 24,185
0 162 710 127 154 1,153
0 151 648 205 194 1,198
0 162 719 164 194 1,240
0 151 654 215 234 1,254
26,216
26,092
25,403
25,439
ASSETS Non-current Assets Fixed Assets Tangible assets In-tangible assets Capital work·in-progress
Non·current Investments Long·term loans and advances Other non-current assets Deferred tax asse/s/(Iiability)(Net) Current Assets Current Investments InventOries Trade receivables Cash and Bank Balances Short· term loans and advances
8 Figures for the previous periods current period's claSSification The between audited figures In respect 3rd Quarter of the current finanCial
Place Mumbal Date 24·05-2016
7
have been regrouped/rearranged as necessary to conform to the results for the quarter ended March 2016 are the balanCing figures of the full finanCial year and the audited year to date figures upto the year.
4,872 (263) (225)
~ Sankar Aiyar & CO. CHARTERED Tel. : Fax: E-mail: Website:
INDEPENDENT
AUDITOR'S
REPORT
TO THE BOARD OF DIRECTORS 1.
ACCOUNTANTS
2-C. Court Chambers 35, New Marine Lines Mumbai - 400 020
22004465,22067440 91-22-22000649
[email protected] www.Ysa.co.in
OF GRAVISS HOSPITALITY
We have audited the accompanying Graviss Hospitality
Statement
Limited ('the Company')
LIMITED
of Consolidated
Financial Results of
and its subsidiaries
(the Company
and
its subsidiaries together referred to as 'the Group') for the year ended March 31, 2016 ('the Statement'), being submitted by the Company pursuant to the requirement
of Regulation
Requirements) Company's prepared
Regulations,
Management
33 of the SEBI
by the
on the basis of the related consolidated
accordance
with the Accounting
Companies
Act, 2013, as applicable,
We conducted
Standards
of Chartered
comply
with
ethical
Accountants about
Board
of Directors,
financial
prescribed
of the
has
been
statements
which is in
under Section
133 of the
and other accounting
with the Standards of India.
requirements
reasonable assurance misstatement.
and Disclosure
principles
generally
is to express an opinion on the Statement.
our audit in accordance
Institute
Obligations
2015. This Statement, which is the responsibility and approved
accepted in India. Our responsibility 2.
(Listing
and
whether
Those
on Auditing issued by the
Standards
plan
and
the
Statement
perform
the
is
require audit
free
that we to obtain
from
material
An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statement. The procedures selected depend on the auditor's judgement, of the Statement,
including the assessment
whether due to fraud or error.
of the risks of material misstatement In making those risk assessments,
the auditor considers internal control relevant to the Company's preparation and fair presentation of the Statement in order to design audit procedures that are appropriate the
in the circumstances,
effectiveness
of the
but not for the purpose of expressing
Company's
internal
control.
An
audit
an opinion on also
includes
evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Management, as well as evaluating the overall presentation of the Statement. We believe that the audit evidence we have obtained is sufficient and appropriate provide a basis for our audit opinion. 3.
We
did
not audit
consolidated
the
financial
statements
of one
146.09 lakhs as at March 31, 2016, total revenues ended March March 31,2016, statements
subsidiary
financial results, whose financial statements 31,2016,
included
to
in the
reflect total assets of
Rs
of RS.Nil Lakhs for the year
and total loss after tax of RS.0.06 Lakhs for the year ended
as considered
in the consolidated
financial results.
These financial
have been audited by other auditor whose reports have been furnished
to us by the Management
and our opinion on the Statement,
in so far as it related to
the amounts and disclosures included in respect of this subsidiary, on the reports of the other auditor.
is based solely
Delhi DUlce: 202-301, Satyam Cinema Complex, Ranjit Nagar Community Centre, New Delhi ·110 008. Tel.:2570 5233/2570 5232. E-mail:
[email protected] Chennai DUice: 41, Circular Road, United India Colony, Kodambakkam, Chennai - 600 024~Tel.; 044·2372 5720 & 044-23725730. E-mail:
[email protected]
1I. Sankar Aiyar & Co. CHARTERED
ACCOUNTANTS
Mumbai - 400 020
4.
In our opinion and to the best of our information given to us,
and based on the consideration
and according
to the explanations
of the reports of the other auditors
referred to in paragraph 3 above, the Statement:
(i)
Graviss Hotels & Resorts Limited
(ii)
Graviss Catering Private Limited
(iii)
Hotel Kankeshwar
(b) Is presented
Private Limited
in accordance
SEBI ( Listing Obligation
with the requirements
and Disclosure
of Regulation
Requirements)
33 of the
Regulations,
2015;
and (c) gives
a true
Standards
and fair view
in conformity
and other accounting
with
the aforesaid
principles generally
loss and other financial information
accepted
Accounting
in India of the
of the Company for the year ended March
31,2016. 5.
The Statement
includes the results for the Quarter ended March 31,2016,
being the
balancing figures between audited figures in respect of the full financial year and the audited year to date figures up to the third quarter of the current financial year.
For V. SANKAR AIYAR & CO Chartered Accountants (Firm's Registration NO.109208W) Place: Mumbai Date: 24th May, 2016 (G. Sankar) Partner Membership No. 46050
