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BANNARI AMMAN SPINNING MILLS LIMITED

Regd. office : 252, Mettupalayam Road, coimbatore - 641 043 Tamilnadu INDIA
Telephone :0422-2435555 Fax:04224383325 E-mail : shares@bannarimills.com
CIN:L1 71

1 1

TZI 989PLC002476 Website: www.bannarimills.com

BASM L/SE C/ 107 I BSE /2016-17

25.5.2016

BSE LIMITED

FLOOR 25
PHIROZE JEEJEEBHOY TOWERS
DALAL STREET

MUMBAT

Scrip Code: 532674

400 001

Dear Sir,
Sub: Audited Financial Results for the year ended 31.3.2016.

The Board of Directors at the meeting held on 25.5.201.6 have approved inter-alia
the Audited Financial Results for the year ended 31.3.2016 and recommended the
dividend for the financial year 2015-2016.
The text of the Audited Financial Results for the aforesaid period along with Auditors
Report thereon and Form A pursuant to Regulation 33(3Xd) of the SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015 are enclosed herewith.


Kindly take on record of the above.

Thanking you,
Yours faithfully,

ARI AMMAN SPINNING MILLS LIMITED

SECRETARY

Encl: as above
MSA/E/BAsML/LETTER TO NSE&BSE

('

BANNARI AMMAN SPINNING MILLS LIMITED


Regd. ofiice :252, Mettupalayam Road, coimbatore - 641 043 Tamilnadu INDIA
lefephone :A422-2435555 Fax:04224383325 E-mail :shares@bannarimiils.com
C lN Ll 7 1 1 1 TZ 1 989PLC0 0247 6 Website: www.bannarimiils.com
:

BSE LIMITED

FLOOR25,
PH IROZE JEEJEEBHOY

TOWERS,

DALAL STREET

MUMBAI4OO

OO1

FORM A

(For Audit Report with unmodified opinion)

Standalone

IPursuant to Regulation 33 (3Xd] of SEBl (Listing obligations and Disclosure Requirements)


Regulations ,20157
l.

Name of the Company

Bannari Amman Spinning Mills Limited

2.

Annual financial statements for the


year ended

31st March 2016

3.

Type of Audit observation

Audit Report with unmodified opinion

4.

Frequency of observation

Not Applicable

5.

CEO/Managing Director
S V ARUMUGAM
Chairman & Managing Director

CFO

C-S-R"tr""*,
-C

BALAKUMAR

Chief Financial Officer

Auditor of the company


P R VITTEL

Partner,

Audit Committee Chairman

P N Raghavendra Rao

& Co

BANNARI AMMAN SPINNING MILLS LIMITED


Regd. office : 252, Mettupalayam Road, coimbatore - 641 043 Tamilnadu INDIA
Tefephone :0422'2435555 Fax:0422-4383325 E-mail : shares@bannarimills.com
CIN:L1 7111 TZ1 989PLC002426 Website: wwwbannarimilts.com
BSE LIMITED

FLOOR25,
PHIROZE JEEJEEBHOY TOWERS,

DALAL STREET

MUMBAI4OO

OO1

FORM A

(For Audit Report with unmodified opinion) - consoridated

IPursuant to Regulation 33 (3)(d) of SEBI (Listing obligations and Disctosure Requirements]


Regulations

,20LSl

1.

Name of the Company

Bannari Amman Spinning Mills Limited

2.

Annual financial statements for the


year ended

3L't March 2016

3.

Type of Audit observation

Audit Report with unmodified opinion

4.

Frequency of observation

Not Applicable

5.

CEO/Managing Director
'S V ARUMUGAM
Chairman & Managing Director

r.l

(-'\st'{-L".--*
lls saLRruMnn

CFO

Chief Financial Officer

Auditor of the company


Partner,

Audit Committee Chairma

P N Raghavendra Rao

Director

&

Co

r-

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BANNARI AMMAN SPINNING MILLS LIMITED

office : 252, METTUPAL4IAM R9AP, colllEATqBE 641 q49


CIN: L17111T21989PLCO02476 Website: www.bannarimills.com
Resd..

:ATEMEllT OE CQl.r,SOLIqAjrED AUpr_rED FINA|!CIA!_ BESU_LrS Fo_R_rHE YEAB qN9E9

91,Q1?ql9

a) Net Sales / Income from_Qpgfelrpns


b) Other Operatinq Income

1,01

of l4elglr4s Qq4sumed
b) Purchase of Stock in trade
c) Changei in inventories of finished gooas;

5A140_J0

e)_QoC!

I Depryclq!1o4 q4d amg'rJilqti,q1 expeqse


f)-Q!her erpenses

3.q 1 1.93
L2,Q3l:-87

IqlaU:!pensel

ProirtT Gossl rrom opErations Ueroie othei iniome, iininC"-coits

Other Income
Profit / (Loss) from ordinary activities before finance costs and
Profit
befo

/ (Loss) from

re exce

,, -1_8,91931
2.046.3r

(7s1,13)

4,5e13?

ar|-7 a-)

-tvvt

rv.

l0ltq.1Q

J9po],13

67Je2.81

6,608.46

5,454.59

84.10

,,,_a3e.67

6,692.57

5,585.26
,721.

ordinary activities after finance costs but

pti o na Ule_ms

Profit

1-j52.80

rc4q.

(s76.r7)

sJee:i7

31.3.2015

71-994.69

----1-59!-U
8?,,61q'-0q

Iolql IlLcaOgf rom operationsJ!et)

3!.o9,?919

(Loss) from ordin

_(

5+

0)

eetiyrfudie tii

2,977.6r
-z,zltcs

(7*a)

1,864,16
.I .-;
^^
IJ,UJ

L.977.t9

from ordinav activities after tax (9+1o


Paid-up Equity lhare CapiIq! (laee V!!qe of f9.1Ql-per gt1a!'-C)
Reserves excluding revaluation reserves as per Balance Sheet of
p revr qu s a cco q !!lrr s_.-y.-eaI._
Earnings Per Share (EPS) Basic / diluted before extraordinaiy
tlcttlS lut n5.ru/-

EoLtl - tlul olltuoil)Eu.,

Earnings Per Share (EPS) after extraordinary items (Basic

24,408.4L

22,760.33

Reqd. Office : 252, METTUPALAYAM ROAD, COIMBATORE 64L O43


CIN: L17111T21989PLCO02476 Website: www.bannarimills.com
CONSOLIDATED STATEMENT OF ASSETS AND

LIABILITIES

(In Lakhs)

Year rnoeo
S.No.

PARTICULARS

$lrare!

q lC er9_1_f

ur d s

(a) Equity share Capital

b) Reserves and surolus


Sub - total - Shareholders funds
2

thOfe Application Money Pending Allotment

,D_efte_f

Non-current Liabilities

eC iqlrS n19: Pe_qdi

a) Long-term borrowinqs

ASSETS

Non-current assets
a) Fixed assets

_ lpffrg'

qqffelqy llolqlqry ltemlTganslqtion Reservc A/C

Intangible assetg

lbl\qn-current !nylqllneI!9

,-

(c) Deferred tax assets (net)


c) Lonq-term loans and advances

d) Other non-current assets


Sub - total - Non - Current Assets

TOTAL ASSETS

4
/

?5.98_g:84

L.J / i.15

22,79-0,33
24L3,,3,5.76=

84,05

89.31

t8,220 34

2r,t30.82

7,959,49

6Ess.68

25.5

l2t

B9

36.87

30.12

26,L42.20

2a,L7a.52

25.OO4.22
9.118 67

t8,428.44

7,836.53
477.05

7.523.3L

42,436.48
94,646.58

32,566.48

53,298,30

50.218,62

6,1 58.96

455.77

a5,L70.O7

5t.24

_53e-

5t9.27

6.045.15
234.92

5.348.40

60,108.50

56,372.44

2A_F!5.6q

L6,_O11.32

9,716.75
1.s16.06

7,985.05

1.768. 11

2.3L7 72

234.9r

Current assets
a) Current investments
b) Inyentolie5
c) Trade receivables
d) Cash and cash equivalents
e) Short-term loans and advances
0 Other current assets
Sub - total - Current Assets

fil;

|,575.43
?4,498,4!

Current liabilities
a) Short-term borrowinqs
b) Trade payables
c) Other current liabilities
d) Short-term provisions
Sub - total - Current Liabilites
TOTAL EQUITIES AND LIABILITIES

(Auditedl

g a ppqrtion men_t

(b) Deferred tax liabjlities (neO


c) Other lonq-term liabilities
d) Long-term provisions
Sub - total - Non - Current Liabilites

31.3.2015
(Audited)

31.03.2016

r,742.65

r51 39

710.88

34,537.98
94,646.54

2A,797.62

as.L70.o7

Notes:

1. The above results have been reviewed by the Audit Committee at

its

meeting held on 21.05.2016 and approved by the Board of Directors at


their meeting held on 25.05.2016.

2. The entire business of the

company relate

to only one

segment.

Viz.,

Textiles.

3.

The board has recommended a dividend of Rs.1.60/- (One Rupee and Sixty
paise only) per share and which is subject

to approval of the members

in

the ensuing Annual General Meeting.

4. The figures of the last quarter are the balancing

figures between audited

figures in respect of the full financial year and the published year to date
figure upto third quarter of the current financial year.
For BANNARI AMMAN SPINNING MILLS LIMITED

Place : Coimbatore
Date :25.05.2016

q/'

/k
fil \)

MANAGING DIRECTOR
(DrN 000024s8)

.P N. RAGHAVENDRA RAO
CHARTERED ACCOUNTANTS

8 CO.

Founder pN. Raghavendra Rao


No.23/2, VISWA PARADISE APARTMENTS, II FLooR
KALIDAS ROAD, RAMNAGAR, COIMBATORE.64l OO9
Phone : 0422 - 2232440, 2296997 Fax : O4p2 - ZZ3O}TS
E-mail : pnraudit@gmail.com Website : wwupnr-co.org

Ref. No.

Date:

Auditors' Report on Consolidated Financial Results Of The Company Pursuant To


Regulation 33 Of SEBI (Listing Obtigation And Disclosure Requirements) Regutation
20t5
To

The Board of Directors of Bannari Amman Spinning Mitts Limited


We have audited the Consolidated financia[ results of Bannari Amman Spinning
Mitts Limited ('the Company") (atong with its Jointly Controtted Entities and
Associate Company), for the financial year L't Aprit 2015 to 31st March, 201.6,
attached herewith, being submitted by the Company pursuant to the requirement
of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015. These Consolidated financial results have been prepared from
Consolidated annua[ financial statements, which are the responsibitity of the
Company's Management. Our responsibitity is to express an opinion on these
consolidated financial results based on our audit of such consolidated annual
financial statements, which have been prepared in accordance with the recognition
and measurement principle laid down in Accounting Standards prescribed under

section 133

of the Companies Act, 2013 read with relevant rules issued

thereunder and other accounting principle generatly accepted in lndia.

We conducted our Audit in accordance with the Standards on Auditing issued by


Institute of Chartered Accountants of India. Those standards require that we
compty with ethical requirements and plan and peform the audit to obtain
reasonabte assurance about whether the financia[ results are free of materia[
misstatements. An audit involves examining, on a test basis, evidence supporting
the amounts disctosed 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.

.P N. RAGHAVENDRA RAO & CO.

Founder pN. Raghavendra Rao

CHARTERED ACCOUNTANTS

No.2312, VTSWA PARAD|SE APARTMENTS, il FLOOR


KALIDAS ROAD, RAMNAGAR, COIMBATORE.64T
OO9
Phone : 0422 - 2232440, 2296997 Fax : 0422 ZZilO}TS
E-mail : pnraudit@gmail.com Website : www.pnr-co.org

Ref. No.

Date:

In our Opinion and to the best of our information and according to


explanation given

to us, these consolidated

the

financial results:

Include the annual financial results of the foltowing entities;


i. Accel Apparels Private Limited - Associate Company
ii. Young Brand Apparel Private Limited - Jointty controlted company
b. have been presented in accordance with the requirements of Regutation 33
of the SEBI (Listing Obligation and Disclosure requirement) Regulations,
2015 in this regard; and
c. gives a true and fair view of the consotidated net profit and other financial

information for the financia[ year ended 3]..t March 2016.

PLACE : Coimbatore

DATE :25.05.2016

For P.N.RAGHAVENDRA RAO & Co.,


Chartered Accountants
Firm Reg No:003328S

P.R.VITTEL

Paftner
M.No.200/018111

pl ru.

nacHavENDRA RAo & co.

Founder P.N. Raghavendra Rao

CHARTERED ACCOUNTANTS

No. 2312, VISWA PARADISE APARTMENTS, ll FLOOR


KALIDAS ROAD, RAMNAGAR, COIMBATORE. 641 OO9
Phone : 0422 - 2232440,2236997 Fax:0422 - 2230375
E-mail : pnraudit@gmail.com Website : www.pnr-co.org

Ref. No.

Date:

Auditors' Report on Quarterty Financia[ Results And Year To Date Results Of The Company
Pursuant

To

Regulation

33 Of SEBI Gisting

Obligation And Disclosure Requirements)

Regulation 2015

To

The Board of Directors of Bannari Amman Spinning Mitts Limited

We have audited the quarter[y standalone flnancial results of Bannari Amman Spinning
Mitts Limited ("the Company"), for the quarter ended 3l-st March, 2016 and the yeai to
date results, for the financial year L't April 20L5
being submitted by the Company pursuant

to 31st March,

2016, attached herewith,

to the requirement of Regulation 33 of the

SEBI

(Listing Obtigations and Disclosure Requirements) Regulations, 2015. These Quarterty


financial results as we[[ as year to date financial results have been prepared on the basis

of the annua[ standalone


Company's Management.

financial statements, which are

the

responsibility

of

the

Our responsibility is to express an opinion on these financial

results based on our audit

of such annua[ standalone financial statements, which have

been prepared in accordance with the recognition and measurement principle laid down in
Accounting Standards prescribed under section 133 of the Companies Act, 2013 read with

relevant rutes issued there under and other accounting principtes generally accepted
lndia.

in

pl ru.

nacxavENDRA RAo & co.

Founder PN. Raghavendra Bao

CHARTERED ACCOUNTANTS

No. 2312, VISWA PARADISE APARTMENTS, ll FLOOR


KALIDAS ROAD, RAMNAGAR, COIMBATORE.64l OO9
Phone : 0422 - 2232440,2236997 Fax: O422 - 2230375
E-mail : pnraudit@gmail.com Website : www.pnr-co.org

Ref. No.

Date

We conducted our Audit in accordance with the Standards on Auditing issued by the
Institute of Chartered Accountants of India. Those standards require that we compry
ethical requirements and ptan and perform the audit
about whether the financial results are free
examining, on

of

to

obtain reasonable

assurance

material misstatements. An audit includes

a test basis, evidence supporting the amounts disclosed as financial

results.

An audit also includes assessing the accounting principtes used and significant estimates
made by management. We believe that our audit provides a reasonable basis for our
ooinion.

In our Opinion and to the best of our information and according to the explanation given

to

us,

these quarterly financia[ results as we[[ as the year to date financial results:

a)

are presented in accordance with the requirements of Regulation 33 of the

SEBI

(Listing Obtigation and Disclosure requirement) Regulations, 201-5 in this regard; and

b) gives a true and fair view of the net profit and other financial information for
quafter ended 31" March 2016 as we[[ as the year

year L't Aprit 2015 to 3L't March 20L6.

to date

the

results for the financial

*.

P.N. RAGHAVENDRA RAO E CO.


CHARTERED ACCOUNTANTS

Founder P.N. Raghavendra Rao


No.2312, VISWA PARADISE APARTMENTS, ll FLOOR
KALIDAS ROAD, RAMNAGAR, COIMBATORE - 64t OO9
Phone : 0422 - 2232440,2236997 Fax:0422 - 2230375
E-mail : pnraudit@gmail.com Website : www.pnr-co.org

Ref. No.

Date

The statement includes the results for the quarter ended 3i.03.2016, being the batancing
figures between audited figures in respect of the fu[[ financial year and the pubtished year

to date figures up to the third

quarter of the current financial year which were subjected

to limited review by us.

PLACE: Coimbatore

DATE :25.05.2016

For P.N.RAGHAVENDRA RAO & Co.,


Chartered Accountants
Firm Reg, No:003328S

P.R.VITTEL

Partner
M.No.200,/0L8111

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