S R Be & CO LLP

Chartered Accountants

Limited Review Report

14 th Floor. The Ruby

29 Senapa t i 8apat Marg
Dadar (West)
Mumb ai -400 02 8 . India
Tel: +9 1 22 6 192 0000
Fax: +9122 61921 000

Review Report to
The Board of Directors
Sharda Cropchem Limited
We have reviewed the accompanying statement of unaudited standalone financial results of Sharda
Cropchem Limited ('the Company') for the quarter ended September 30, 2016 and year to date
from April 1,2016 (the "Statement") attached herewith, being submitted by the Company pursuant
to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirement s)
Regulations, 2015, read with SEB I Circular No . CIR/CFD/FAC/62/2016 dated July 5, 2016 . This
Statement is the responsibility of the Company's management and has been approved by the Board
of Directors. Our responsibility is to is sue a report on the Statement based on our review.
We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410,
'Review of Interim Financial Information Performed by th e Independent Auditor of the Entity' 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
mi sstatement. A review is limited primarily to inquiries of company personnel and analytical
procedures applied to financial data and thu s provides less assurance than an audit. We have not
performed an audit and accordingly, we do not expres s an audit opinion.
Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying Statement, prepared in accordance with recognition and
measurement principles laid down in the applicable Indian Accounting Standards prescribed under
Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other
recognised acc ounting practices and policies has not disclosed the information required to be
disclosed in terms of Regulation 33 of the SEBI <Listing Obl igations and Disclosure Requirement s)
Regulations, 20 15, read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016,
including the manner in which it is to be disclosed, or that it contain s any material misstatement.
We have not audited or reviewed the standalone financial results and other financial information for
th e quarter and period ended September 30, 2 015, as included in the statement, which have been
presented solely based on the information compiled by Management and has been approved by the
Board of Directors.
For S R B C & CO LLP

ICAI Firm registration number: 324982E/E300003

Chartered Accountants

~,~

per Vi /a l;:Y. :\;'

. R:a~

Membership No.: 101143

Place: Mumbai

Date : November 04,2016

a Limi ted Liabi lity Partner ship with l LP Identity No, AA B-4 3 18

Re9d. Office: 22. Ca mac Street. Block 'C', 3ra Floo r, Kolkata-700 0 16

S R 8 C & CO LLP.

SHARDA CROPCHEM LIMITED

STATEMENT OF UNAUDITED STANDALONE FINANCIAl: RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2016
Regislered Office: Domnlc Holm, 291h Road, Bandra (Wesl), Mumbai - 400 050. CIN : L51909MH2004PLC 145007

September 30,
2016
Unaudited

Particulars
1

Lncome from operatlon~

(a) Net sale I income from operations
(b) Other operating income
Total income from operations

24,151 .63
75.04
24226.67

15,451.31
207.59
15658.90

41,916.23
218.41
42134.64

36,239.77
418.46
36 658.23

5,150.04
8,091.95
(1 ,969 12)
477.60
1,446.17
1,179.68
974 .84
15351.16

9,108.42
7,438.43
(1 ,834.58)
512.56
1,286.49
1,267.52
1,706.22
19486,06

4,673.72
6,40929
(1,197.37)
457.81
1,126.83
725.36
1 351.43
13547.07

14,258.46
15,530.38
(3,803.70)
990.16
2,732.66
2,447.20
2,681.06
34836.22

12,523.54
11 ,154.32
(401.80)
936.25
2,213.23
1,638.90
2,595.91
30660,35

(1-2)

2,556.81

4,741,61

2,111.83

7,298.42

5,997,88

(3+4)

553.22
3,110.03

2,441.44
4,553.27

(5-6)

3,110.03

313.62
5,055.23
0.82
5,054.41

4,553.27

866.64
8,165,26
0.82
8,164,44

3,235.24
9,233.12
0.45
9,232.67

952.65
2,157.38
(5.21)
2152.17

1 763.39
3,291.02
(3.07)
3,287.95

1,291.96
3,261.31
(299)
3,258,32

2,716.04
5,448.40
(828)
5,440,12

2,906.13
6,326.54
(5.98)
6,3 20.56

9,022.05

9,022.05

9,022.05

9,022.05

9,022.05

2 .39

3.65

3.6 1

6 .04

7.01

. _E!p~!l_~''

Profit from operations before other income and finance costs

4
5
6
7

Other income
Profit from ordinary activities before finance costs
Finance costs
Profit from ordinary activities after finance cost and before tax

8
9

Tax expense
Net Profit for the period
Other Comprehensive income (net of tax)
Total Comprehensive Income

(7-8)
(9+10)

12

Paid up equity share capital (Face value of the Share Rs ,10/- each)

13

Earnings per share fEPS)

Basic and diluted earning per share (Rs.) (Not annualised)
(Face value per Share RS.10/- each)

IRs. In Lakhs
Half Year Ended
September 30,
September 30,
2015
2016
Unaudited
Unaudited
IRefer note 31

September 3Q,
2015
.. UhaOd~ed
IRefer note 31 '

17,764.60
143.37
17 907.97

(a) Cost of materials consumed

(b) PurChase of slock-in-trade
(c) Changes in inventories of finished goods & stock-in-trade
(d) Employee benefits expense
(e) Professional charges
(f) Depreciation and amortisation expense
(g) Other expenses
Total Expenses

10
11

Quarier Ended
June 30,
2016
Unaudited

Notes:
The aforesaid unaudited standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 4. 2016 and have been subjected to a limited
review by the statutory auditors of the company.

The Company adopted Indian Accounting Standard ("Ind AS") from April 1. 2016 and accordingly these financial results have been prepared in accordance with the recognition and measurement principles laid
down in Ind AS-34 'Interim Financial Reporting' prescribed under Section 133 of the Companies Act , 2013 read with the relevant rules issued thereunder. The date of transition to Ind AS is April 1, 2015. The impact
of transition has been accounted for in the opening reserves and the comparative period results have been resta ted accordIngly. The opening balance sheet as al April 1, 2015 and the results for the subsequent
periods would get finalised alongwith the annual financial statements for the year ended March 31, 2017 ,

The financial results and financial information for the quarter and half year ended September 30,2015 have been compiled by the management after makmg necessary adjustments to give a true and fair view of the
results in accordance with Ind AS. The results for this period have not been subjected to a limited review 1 audit by the statutory auditors.

One of the segments of the Company, viz "Agrochemlcals" is seasonal in nature and is impacted by cropping pattem and weather conditions across the globe. AccordIngly, quarterly figures are not representative of
the full year's performance.

The Board of Directors have approved an interim dividend of Rs . 2 per equity share of Rs . 10 each fully paid up tor the financial year 2016-2017 at the meeting held on November 4,2016,

Other Incomel other expenses Include net toreiqn exchanQe (Qain)/loss as follows:
Particulars

(Rs. In Lakhs
'September30; :"
2016
'

Foreign exchange (gain) 1 loss included in other income

ForeiQn exchanQe (qain 1 loss included in other expenses
7

340.95

..
Sep1ember 30,
2015
(20503)

420.57

Half Vear Ended

Septembe,30,
September 30,
2015
2016
(879.33)
79.62

Reconciliation of Net Profit as previously reported on account of transition from the previOUS Indian GAAP (IGAAP) to Ind AS for the quarter and half year ended September 30,2015:
'-

~artltulars
~,

Net Profit for the period under IGAAP

Actuaria l loss on defined benefit plan recognised in Other Comprehensive Income
Fa ir valuation impact for Financial Instruments
Ad 'ustments for pnor period Items to openinq reserves
Deferred Tax
Net Profit for the period under Ind AS
Other Comprehensive Income net of tax
Total Comprehenslve lncome under Ind AS
8

Quarter Ended
Juno"30"
2016

. Quarter en'ded
. Se"tember 30,
2015
2934.96
4.57
540.62
66.00
152.84
3261.31
(2.99)
3,258.32

IRs. In Lakhs)
Ha)f Vear eoded
September 30, 2015
5976.81
915
510.20
66.00
103.62
6326.54
(598)
6,320.56

.'

Figures for the prevIous period have been regrouped I rearranged. wherever conSidered necessary to conform to the current period's classification.

SIGNED FtENTIFICATION
BY
S R B

& CO '- lP

MUMB~\l

SHARDA-CROPCHEM LIMITED

UNAUDITED STANDALONE STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30,2016

Registered Office: Domnic Holm, 29th Road, Bandra (West), Mumbai - 400 050.

CIN: L51909MH2004PLC145007

(Rs. in Lakhs)
As at
September 30,2016

Particulars

Unaudited
(A) Assets
1. Non-current assets

65.71
15,913.16
23,810.14

Property, Plant and Equipment

Other Intangible assets
Intangible assets under development
Financial Assets
Investments
Loans
Non Current tax Assets
Sub total (1)
2. Current assets
Inventories
Financial Assets
Investments
Trade receivables
Cash and cash equivalent
Loans
Other financial assets
Other current assets

620.31
1,401.45
5,397.46
47,208.23
18,783.52

Sub total (2)

13,813.02
30,556.23
4,697.24
5.98
90.04
1,160.79
69,106.82

Total (1) + (2)

1,16,315.05

Sub total (1)

9,022.05
70,177.78
79,199.83

(B) Equity and liabilities

1. Equity
Equity share capital
Other equity
Liabilities
2. Non-current liabilities
Financial Liabilities
Other financial liabilities
Provisions
Deferred tax liability (net)

Sub total (2)

89 .71
89 .67
4,750.28
4,929.66

Sub total (3)

24 ,582.85
6,544.46
789.30
268.95
32,185.56

Total (1) + (2) + (3)

1,16,315.05

3. Current liabilities
Financial Liabilities
Trade payables
Other financial liabilities
Other current liabilities
Provisions

SIGNED F~DENTIFICATION

BY

S ".

C & CO
.. t po
,III U MB- / ..

Fl

SHARDA CROPCHEM LIMITED

STANDALONE SEGMENT WISE REVENUE, RESULTS, ASSETS, LIABILITIES AND CAPITAL EMPLOYED
lRs. in Lakhs)

Particulars
(Refer Note Belowl
1 Segment Revenue
(a) Agrochemicals
(b) Belts
Net sales I income from operations

2 Segment Results
(a) Agrochemicals
(b) Belts
Total
Less: (i) Finance cost
(ii) Unallocable expenditure
(iii) Unallocable income
Profit before Tax
3 Segment Assets
(a) Agrochemicals
(b) Belts
(cL Unallocated
Total
4 Segment Liabilities
(a) Agrochemicals
(b) Belts
(c) Unallocated
Total
Net Capital Employed

Quarter Ended
June 30,
2016
Unaudited

September 30,
2016
Unaudited

Half Year Ended

September 30,
September 30,
2016
2015
Unaudited
Unaudited

September 30,
2015
Unaudited

17,732 .92
31 .68
17,764.60

24,002.89
148.74
24,151.63

15,386.76
64.55
15,451.31

41,735.81
180.42
41,916.23

36,148 .40
91 .37
36,239.77

2,598.92
3.37
2,602.29

4,747.67
30.60
4,778.27
(0.82)
(37.18)
314.14
5,054.41

2,428.94
(4.05
2,424.89

7,346.59
33.97
7,380.56
(0.82)
(84,96)
869.66
8,164.44

6,976 .64
(14.36)
6,962.28
(0.45)
(63.59)
2,334.43
9,232.67

62,192.12

(47.78)
555.52
3,110.03

90,182 .28
2.82
26,129.95
1,16,315.05

(36.31)
2,164.69
4,553.27

93 ,282.64
10.20 .
23,242.43
1,16,535.27

62,192.12
29,424.56
91,616.68

90,182.28
2.82
26,129.95
1,16,315.05

32,299.99
37.11
4,778.12
37,115.22

37,048.26
128.78
3,710.21
40,887.25

22,737.92
17 .14
3,014.37
25,769.43

32,299.99
37.11
4,778.12
37,115.22

22,737.92
17.14
3,014.37
25,769.43

79,199.83

75,648.02

65,847.25

79,199.83

65,847.25

Note:
The activities of the Company are divided into two business segments viz . Agrochemicals and Belts. These segments form the basis for
management control and therefore the basis for monitoring .
Based on the "management approach" as defined in Ind AS 108 - 'Operating Segments' the Chief Operating Decision Maker evaluates the
Company's performance and allocate resources based on an analysis of various performance indicators by business segments and
segment information is presented accordingly.
For Sharda Cropchem Limited

~
Place: Mumbai
Date : November 4,2016

R. V. Bubna
Chairman & Managing Director
(DIN: 00136568)

29,424.56
91,616.68

S R Be &CO LLP

14th Floor, The Ruby

29 Senapati Bapat Marg
Oadar (West)
Mumbai-400 028, India

Chartered Accountants

Tel: +91 2261920000

Fax: +9 1 22 61921000

Limited Review Report

Review Report to
The Board of Directors
Sharda Cropchem Limited

1. We have reviewed the accompanying statement of unaud;ited consolidated financial results of

Sharda Group comprising Sharda Cropchem Limited ('the Company') and its subsidiaries
(together, 'the Group') and its associate, for the quarter ended September 30, 2016 and year
to date from April 01. 2016 (the "Statement") attached herewith, being submitted by the
Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/FAC/62/
2016 dated July 5, 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 the
Statement based on our review.
.
2. We conducted our review in accordance with the Standard on Review Engagements (SRE)
2410, 'Review of Interim Financial Information Performed by the independent Auditor of the
Entity' issued by the Institute of Chartered Accountants of Irldia. This standard requires that we
plan and perform the review to obtain moderate assurance as to whether the statement is free
of material misstatement. A review is limited primarily to inquiries of company personnel and
analytical procedures applied to financial data and thus provides less assurance than an audit.
We have not performed an audit and accordingly, we do not express an audit opinion.
3. We did not review the interim financial results of four subsidiaries whose financial results
reflect revenues aggregating Rs. 4,626.62 lacs and Rs. 9,012.95 lacs forthe quarter and six
months ended September 30, 2016 and total assets aggregating Rs 8,663.76 lacs as of
September 30, 2016, as considered in the unaudited consolidated f,inancial results. These
financial results and the other financial information ,has been reviewed by other auditors whose
reports have been furnished to us. Our conclusion on the unaudited quarterly consolidated
financi'al results, in so far as it relates to such subsidiaries, is based solely on the reports of the
other auditors.
4. We did not review the interim financial results of one subsidiary whose financial results reflect
revenues ofRs. 5,987.43 lacs and Rs. 13,657.85 lacs for the quarter and six months ended
September 30, 2016 and total assets aggregating Rs. 17,375.85 lacs as at September 30,
2016, as considered in the unaudited consolidated financial results. These financial results and
other financial information, prepared under the generally accepted.accounting principles
accepted in the country of incorporation of the subsidiary ('GAAP'), have been reviewed by
another auditor and whose report has been furnished to us. The management of the Company
has converted these unaudited consolidated Hnancial r esults of the Company's subsidiary from
the aforementioned GAAP, to Indian Accounting Standards ('Ind AS') prescribed under Section
133 of the Companies Act, 2013, read with relevant rules issued thereunder for the purpose of
preparation of the Company's llnaudited consolidated financial results under Ind AS. We
reviewed the adjustments that were appl ied to prepare the unaudited consolidated financial
results as of and for the quarter and period ended September 30, 2016 made by the Company's
management to convert this subsidiary's consolidated financial results from the
aforementioned GAAP, to Ind AS. Our conclusion on the unaudited consolidated financial
results of the Company, in so far as it relates to such subsidiary, is based on the report of the
. other auditor under the aforementioned GAAP and the aforesaid conversion adjustments

undertaken by the management, examined by us on a test basis.

S R Be & CO LLP

Chartered Ac:c:ountants

5. We did not review the interim financial results of 23 subsidiaries whose financial results reflect
revenues aggregating Rs. 9.49 lacs and Rs. 30.24 lacs for the quarter and six months ended
September 30,2016 and total assets aggregating Rs 65.01 lacs as of September 30,2016 as
considered in the unaudited consolidated financial results. These interim financial results and
other financial information have not been reviewed/ audited by any auditors. Such interim
financial results have been approved by the Board of Directors of the respective entities and
certified by the Management of the Company, and our review report on the Statement, in so far
as it relates to the amounts included in respect of such entities, is based solely on such certified
interim financial results. Our conclusion is not qualified in respect of this matter.

6. Based on our review conducted as above, and on consideration of reports of other auditors on
the unaudited interim financial results and on the other financial information of the
components, nothing has come to our attention that causes us to believe that the .
accompanying Statement of unaudited consolidated financial results prepared in accordance
with recognition and measurement principles laid down in the applicable Indian Accounting
Standards prescribed under Section 133 of the Companies Act, 2013, read with relevant rules
issued thereunder and other recognised 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) Regulations, 2015, read with SEBI Circular No. CIR/CFD/FAC
/62/2016 dated July 5,2016, including the manner in which it is to be disclosed, or that it
contains any material misstatement.

7. We have not audited or reviewed the standalone financial results and other financial
information for the quarter and period ended September 30, 2015, as included in the
statement, which have been presented solely based on the information compiled by
Management and has been approved by the Board of Directors.

er,
Membership No.: 101143
Place: Mumbai
Date: November 04,2016

SHARDA CROPCHEM LIMITED

STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2016

Registered Office: Domnic Holm, 29th Road, Bandra (West), Mumbai - 400 050. CIN: L51909MH2004PLC145007

(Rs. In Lakhs)
I

Seplembe~

30,
2016
Unaudited

Particulars

Expenses
(a) Cost of malerials consumed
(b) Purchase of stock-in-trade
(c) Changes in invenlories of finished goods & slock-in-trade
(d) Employee benefits expense
(e) Professional charges
Depreciation and amortisalion expense
(9) Other expenses
Total Expenses

3
4
5
6
7
8
9
10
11
12
13

September 30,
2015
Unaudited
. IRefer note 3t

Half year ended

September 30,
September 30,
2016
2015
Unaudited
Unaudited
(Refer note 3)

1 Income from operations

(a) Net sales 1 income from operations
(b) Other operating income
Total Income from operations
2

Quarter ended
June 30,
2016
Unaudited '

Profit from operations before other Income and finance costs

Olher income
Profit from ordinary activities before finance costs
Finance costs
Profll from ordinary activities after finance costs and before tax
Tax expense
Net Profit from ordinary activities after tax
Minorily interest
Nel Profit for the period
Other Comprehensive income (nel of tax)
Total Comprehensive Income

(1-2)
(3+4)
(5-6)
(7-8)
(9+10)
(11+12)

14 Paid-up equily share capital (Face value of the share Rs.1 01- each)

24,493.22
197.40
24,690,62

31 ,391.56
75.04
31,466,60

23,496.08
297.20
23,793 ,28

55,884.78
272.44
56,157,22

51,187 .59
528.25
51 ,715.84

5,150.04
12,58113
(2,08058)
624.02
1,587.46
1,182.37
1,734.38
20778,82

9,108.42
12,910.47
(1,851.43)
675.36
1,404.66
1,2 70 .66
2,565.95
26,084.09

4,684.69
12,003.42
(940.15)
658.09
1,235.90
730.79
2047 .23
20419,97

14,258.46
25,491.60
(3,932.01)
1,299.38
. 2,992.12
2,453.03
4,300.33
46,862.91

12,523.55
22,300 .55
(222 .85)
1,322.14
2,394 .58
1,646.66
4,004.51
43,969,14

3,9 11 ,80
586.91
4,498.71
0.'10
4,498.61
1,180.34
3,318,27
(014)
3,318.13
(4.29)
3,313.84

5,382.51
397.68
5,780 .19
1.11
5,779.08
1,691.87
4,087.21
4.88
4,092.09
(3.04
4,089.05

3,373,31
649.50
4,022.81
0.22
4,022.59
1,368 .07
2,654.52
0.38
2,654,90
(3.45)
2,651.45

9,294.31
984.59
10,278.90
1.21
10,277.69
2872.21
7,405.48
4.74
7,410.22
(7.33)
7402 .89

7,746.70
1,519.05
9,265.75
0.88
9,264.87
2,972.04
6,292.83
1.49
6,294.32
(690)
6,287.42

9,022.05

9,022.05

9,022 .05

8.21

6.98

9,022.05

9,022.05

15 Earnings Per Share (EPS)

Basic and diluted eaming per share (Rs.) (Nol annualised)
Face value of Ihe share RS.101- each

3.67

4.54

2.94

Notes:
1 The aforesaid unaudiled consolidaled financial results were reviewed by the Audit CommiHee and approved by Ihe Board of Directors al Iheir meeting held on November 4, 2016 and
have been subjected 10 a limiled review by Ihe stalutory auditors of the company.
2 The Company adopted Indian Accounling Standard ("Ind AS") from April 1, 2016 and according ly Ihese financial results have been prepared in accordance with the recognilion and
measurement principles laid down in Ind AS-34 'Interim Financial Reporting' prescribed under Section 133 of the Companies Act, 2013 read with Ihe relevanl rules issued thereunder.
The dale of transition to Ind AS is April 1, 2015. The impact of Iransition has been accounled for in the opening reserves and the comparative period results have been reslaled
accordingly. The opening balance sheet as al April 1, 2015 and Ihe results for the subsequent periods would get finali sed alongwith the annual financial slalemenls for the year ended
March 31,2017.
3 The financial results and financial information for Ihe quarter and half year ended September 30, 2015 have been compiled by the management after making necessary adjustments to
give a true and fair view of Ihe results in accordance wilh Ind AS. The results for Ihis period have not been subjected 10 a limited review f audil by Ihe slatutory aud ilors.
4

One of the segments of the Group, viz "Agrochemicals", is seasonal in nalure and is impacted by cropping paHem and weather conditions across the globe. Accordingly, quarterly
figures are not representative of the full year's performance.

5 The Board of Directors have approved an interim dividend of Rs 2 per equity share of RS.10 each fully paid up for Ihe financial year 2016-2017 allhe meeting held on November 4,
2016.
,.
6

Other income 1 olher expenses include net foreign (gain)/loss as follows:

(Rs. In Lakhs)

Quart~r Ended
Particulars

September 30,
2016

Foreign exchange (gain)/loss included in other income

Foreign exchanoe (Qain)/loss included in other expenses

JUn!i 30,
2016

337.63)

September 30,
2015
18.35

547.92

Half year ended

September 30,
September 30,
2016
2015
(66705
210.29

7 Reconcili ation of Net Profil as previously reported on accounl of Iransition from the previous Indian GAAP (IGAAP) 10 Ind AS for Ihe quarter and half year ended September 30, 2015:

.'

Particulars

2,421 .68
(37.44)
5.23
540.59

(Rs. In Lakhsl
Half year ended
Septamber 30,
2015
6024 .86
(5415
10.48
510.17

(66.00
(209 .16
2654.90
(3.45
2651 .45

66 00)
(131.04)
6,294.32
(690
6,287.42

Quarter ended
September ~O ,
.~ 015

Net Profit for the-,,-eriod under IGAAP

Difference on account of revenue net of related costs
Actuarial loss on defined benefit plan recog nised in Other Comprehensive Income
Fair valuation impact for Financial Inslruments
AdjustmeQIS for prior period items 10 opening reserves
Deferred Tax
Net Profit for the period under Ind AS
Olher Comprehensive Income (net of tax)
Total Comprehensive Income under Ind AS

8 Figures forthe previous period have been regrouped 1rearranged, wherever considered necessary 10 conform 10 Ihe current period's classificalion.

SIGNED FOR IDENTIFICATION

BY

lC().
CO LlP
,VlaMBAI

SHARDA CROPCHEM LIMITED

UNAUDITED CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2016

Registered Office: Domnic Holm, 29th Road, Bandra (West), Mumbai - 400 050.

CIN : L51909MH2004PLC145007

(Rs. in Lakhs)
As at
September 30,2016

Particulars

(Unaudited)
(A) Assets
1. Non-current assets
Property, Plant and Equipment
Goodwill on consolidation
Other intangible assets
Intangible assets under development
Financial Assets
Loans
Deferred tax assets (net)
Non current tax assets

123.19
38.14
15,913.61
23,812.21
8.17
168.65
5,463.40
45,527.37-.....1
SUb-total (1)f----_ _ _ _ _....:...:.2c::..=.:....:..::..'

2. Current assets
Inventories
Financial Assets
Investments
Trade receivables
Cash and cash equivalents
Loans
Other financial assets
Other current assets

21,964.11
13,813.02
39,051.84
10,297.49
26.37
90.04
1,667.31
86,910.18
SUb-tota I (2) f----------=...:..!c::....:...:..:....:...=--1

132,437.55
Total (1) + (2)F=====~~~~

(B) Equity and liabilities

1. Equity
Equity share capital
Other equity
Equity attributable to equity holders of parents
Non-controlling interest
Total equity
Liabilities
2. Non-current liabilities
Financial liabilities
Borrowings
Other financial liabilities
Provisions
Deferred tax liabilities (Net)

3. Current liabilities
Financial liabilities
Borrowings
."
Trade payables
Other financial liabilities
Other current liabilities
Current tax liabilities (net)
Provisions

Sub-total (1)

9,022.05
80,439.21
89,461.26
4.65
89,465.91

9.25
89.71
112.13
4,750.28
SUb-total (2) 1-_ _ _ _ _----"4,c::.9..:..61c:..:...:..37~

16.58
29,321.28
6,954.53
1,175.46
270.07
272.35
Sub-total (3) 1-_ _ _ _ _-=.3.=c8,c::.0..:..10::..:..::.27~
Total (1) + (2) + (3)1======~1~3~2,~43=7=.5=5=j

SIGNf(1 J:OR IDENTIFICATION \

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SHARDA CROPCHEM LIMITED

CONSOLIDATED SEGMENT WISE REVENUE, RESULTS, ASSETS,LlABILITIES AND CAPITAL EMPLOYED

September 30,
2016

uarter Ended
June 30,
2016

September 30,
2015

Unaudited

Unaudited

Unaudited

I
Particulars
(Refer Note Below)

1 Segment Revenue
(a) Aqrochemicals
(b) Belts
(c) Other
Net sales I income from ooeratlons

(Rs In Lakhs)
Half vear ended
September 30, September 30,
2015
2016
Unaudited

Unaudited

20,500.12
3.785.14
207.96
24493.22

25,730.78
5,448.74
212.04
31391.56

18,897.62
4,24574
352.72
23496,08

46,230.90
9,233.88
420.00
55884,78

42 ,171.64
8,365.34
650.61
51187.59

Profit before Tax

3,455.37
636.06
47.89
4139.32
(0.10)
(20.73)
380.12
4498.61

4,538.03
993.84
35.31
5567.18
(1 .11)
(64.24)
277.25
5779.08

2,899.76
775.29
29.69
3704.74
(0.22)
(117.43)
435.50
4022.59

7,993.40
1,629.90
83.20
9706.50
(1 21)
(8497)
657.37
10277.69

7,324.35
1,500.15
52.75
8877.25
(0.88)
(22974)
618.24
9264.87

3 SeQment Assets
(a) AQrochemicals
(b) Belts
(c) Other
(d) Unallocated
Total

96,491.41
5,823.54
56.31
30,066.29
132437.55

98,246.00
7,937.94
290.40
25760.88
132235.22

70.079.95
6,190.58
594.95
28,682.77
105548.25

96.491.41
5,82354
56.31
30066.29
132437,55

70,079.95
6,190.58
594.95
28,68277
105548.25

35,627.69
1,909.75
97.96
5336.24
42971,64

42,922.67
1,773.21
176.61
3,780.15
48652.64

26,051.39
1,592.28
291.38
4,279.80
32214.85

35,627.69
1,909.75
97.96
5336.24
42971 ,64

26,051.39
1,592.28
291.38
4279,80
32214,85

89465.91

83582.58

73,333,40

89465.91

73 333.40

2 Segment Results
(a) Aqrochemicals
(b) Belts
(c) Other
Total
Less : (i) Finance cost
(ii) Unallocable expenditure
(iii) Unallocable income

4 Seqment Liabilities
(a) A,qrochemicals
(b) Bells
(c) Other
(d) Unallocated
Total
Net Capital Emploved
Note:

The activities of the Group are divided into three business segments viz. Agrochemicals . Belts and Others (representing Oyes & Dye

Intermediates and General Chemicals). These segments form the basis for management control and therefore the basis tor monitoring

Based on the "management approach" as defined in Ind AS 108 - 'Operating Segments' the Chief Operating Decision Maker evaluates the
Group's performance and allocates resources based on an analysis of various performance indicators by business segments. Th e segment
information is presented accordingly

R. V. Bubna
(Chairman & Managing Director)
(DIN 00136568)

Place Mumbal
Date November 4,2016

SI !\lEO FOR IDE TIFtCATJON

BV

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