w w w . m e r c a t o r . i n
May 27, 2016
To,
BSE LimitedPhiroze Jeeje ebhoy Towers, Dalal Street,
Mumbai - 400 001
To,
National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex
Bandra (E), Mumbai - 400 051.
Scrip Code: 526235 Scrip Code:MERCATORSub:Audited Financial Resul ts (Standalone and Consol idated) for the quarter/year ended
31 st March. 2016
Dear Sir,
Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the following
1. Statements showing the Audited Financial Results (Standalone and Consolidated) for the quarter/year ended March 31,2016; and
Auditors Report on the Audited Financial Results - Standalone and Consolidated.
The meeting of the Board of Directors commenced at 2.00 p.m. and concluded at 7.00 p.m. Please acknowledge.
Thanking you,
Yours faithfully,
For Mercator Limited
Pt-
Deepe!h Joishar Company SecretaryEncl:as above
MERCATOR LIMITED
(CIN : L63090MH1983PLC031418)
31 Mittal Tower .B,Nariman Point, Mumbai.400021, India. Tel:+91 22 66373333 Fax:+91 22 66373344 mercator@mercator.in
MERCATOR LIMITED
Regd. Office: 3rd Floor, Mittal Tower, B-wing, Nariman Point, Mum ba i-400021. Tel: 022·66373333
PART I - Statement Of Au dited Financial Results For The Quarter/Year Ended March 31, 2016 {Rs.in Lakhs)
Consolidated
StandaloJ'W!
,g,_
Ifft,.
Partr,ulars
Quarter
enlhl.d
3J/0!/21tl.6
Qllilner
ended
31/12/2015
Q.u;rtec:
ended
1/03/21115
Y'H
E:ided
lll(l3l.2016
Year
•11"-d
11/03"/2015
I Quarter
ended
31JQ3/20la,
Quarur
ended
::u 112/2015
Qu1rter and11d 31/0lhOlS
Yea,
Enped ·
l1/(20Jti
Year
d•d
31/03/20}5
Audited
Unau dited
Audited
Audited
Audited
Audited
Reviewed
Audited
Audited
Audited
1
Income from operations
58,582.76
71,464.11
85,204.25
270,641.76
309,163.22
12,774.11
15,776.71
21,117.88
$8,830.73
6$,941.78
2
Expenses
'
(a) Operating expenses
12,865.43
16,021.36
20,260.04
70,190.37
70,192.44
3,815.33
5,991.55
6,634.83
20,046.06
21,647.54
(b) Bunker cost
2,349.11
3,443.94
5,092.34
10,667 70
14,748.47
2,323.44
1,808.77
3,058.56
8,023.83
9,111.10
(c ) Vessel Hire charges
(d} Coal Operating expenses
(e) Employee benefits expense
280.72
28,950.68
777.38
1,114 .81
34,843.56
1,464.04
2,793.91
32,753.06
2,101.76
4,955.40
119,547.80
6,177.07
10,774.87
131,216.06
7,098.61
269.47
367.42
1,140.37
-
464 .32
1,706.10
744.88
3,797.37
1,918.86
6,301.57
2,123.27
(f) Other expenses
10,816.84
1,611.45
13,799.11
17,888.35
19,438.85
667.57
458.61
2,216.58
1,952.72
4,087.51
(g) Dry-docking expenses
272.51
618.14
830.69
1,935.19
2,948.21
272.51
618.14
830.69
1,935.19
2,948.21
(h) Loss sale of Fixed Assets
434.55
44,409.78
44,844.33
Depreciation and amortisation expense
7,306.90
11,539.77
12,175.16
42,240.77
47,455.80
3,221.79
3,234.83
2,416.13
12,219.34
9,238.00
Impairment
34,882.81
40,900.82
34,882.81
40,900.82
Total expenses
98,936.93
115,066.85
130,706.89
353,329.79
344,774.13
10,937.54
13,716.58
17,607.77
49,893.38
55,457.20
3
Profit /(Loss} from operatioM before other
income .finan ce costs and exceotional Items
(40,354.17)
{43,602.74)
(45,502.64)
(82,688.03)
(35,610.91)
1,836.57
2,060.13
3,510.11
8,937.35
10,484.58
4
Other Income
(501.15)
(170.11)
(727.18)
(1,793.92)
(516.02)
(66.41)
(323.09)
120.77
(964.20)
(82.25)
5
Profit/(Loss) from ordinary activities before
(40,855.32)
(43,772.85)
(46,229.82)
(84,481.95)
(36,126.93)
1,770.16
1,737.05
3,630.88
7,973.16
10,402.33
finance costs and exceptional items (3 + 41
6
Finance costs (net)
6,826.45
5,150.17
6,021.19
24,471.33
21,308.78
1,738.10
1,493.74
1,187.27
6,186.14
5,247.76
7
Prolit/( Loss) from ordinary activities after
fina nee costs but before exception a I items (S -
8
61
Exceptional Items
(47,681.77)
(48,923.02)
(52,251.01)
11,595.90
(108,953.28)
.
(57,435.71)
11,595.90
32.06
243.30
2,443.61
1,787.02
5,154.57
9
Profit/(Loss) from ordinary activities before
tax (7 ·8)
(47,681.77)
{48,923.02)
(63,846.91)
(108,953.28)
(69,031.61)
32.06
243.30
2,443 .61
1,787.02
5,154.57
10
Tax exp ense
Current
115 27
(56.54)
652.19
248.73
1,058.16
15 00
30 00
143.71
100.00
200.00
Deferred
771.36
598.41
77 1.36
599.85
11
Net Profit /(Loss) from ordinary activities after
tax (9 -10)
(48,568.40)
{48,866.48)
(65,097.51)
(109,973.37)
(70,689.62)
17.06
213.30
2,299.90
1,687.02
4,954.57
12
Extraordin ary items
13
Net Profit /(Loss} for the period (11 + 12)
(48,568.40)
(48,866 .48)
{65,097.51)
(109,973.37)
(70,689.62)
17.06
213.30
2,299.90
1,687.02
4,954.57
14
Minority interest
357.46
(16,873.03)
(21,067.60)
20,960.72)
(25,737.07)
15
Net Profit /(Loss} after taxes, minority Interest
and share of prof it / (loss) of associates (13 -
141
(48,925.86)
(31,993.45)
{44,029.91)
{89,012.65)
(44,952.55)
17.06
213.30
2,299.90
1,687.02
4,954.57
16
Paid -up equity share capital (Face Value Re. 1/·
2,448.92
2448.92
eachl
2448.92
2448.92
2448.92
2,448.92
2448.92
2448.92
2,448.92
2,448.92
17
Reserve excluding Revaluation Reserves as per
balance sheet of previous accounting year
82,698.74
195,442.85
69,242 .83
67,650 .13
18.i
Earnings per share (before extraordinary
itemsI (of Re.1/·eachl Inot annualised):
(a} Basic (Rs.}
(19.98)
{13.06)
(17.98)
{36.35)
(18.36)
O.Ql
0.09
0.94
0.69
2.02
(b) Diluted (Rs.)
(19.98)
(13.06)
(17.98)
(36.35)
(18.36)
0.01
0.09
0.94
0.69
2.02
18.ii
Earnings per share (after extraordinary items}
(of Re.1/- each) (not annualised):
(a)Basic (Rs.)
(19.98)
(13.06)
(17.98)
(36.35)
(18.36)
O.Ql
0.09
0.94
0.69
2.02
(bl Diluted (Rs.)
(19.98)
113.061
(17.981
{36.35)
(18.36)
0.01
0.09
0.94
0.69
2.02
R
MERCATOR LIMITED
Regd. Office: 3rd Floor, Mittal Tower, 8-wing,Nariman Point, Mumbai-400021. 22M_7E3RCATQ Consolidated/Standal one Statement of Assets and Liabilit e l,,
(Rs.in Lakhs)
CONSOLIDATED STANDALONE
Pi!l'!Uol)las Ye. r Erilled Year Ended Vear En"da:d Y:ein Ended 31/Q/ 0.16 :l,LO Yl015 31/03/20!.fi 31/08/.2()15
I Audited Audited Audited Audited
EQUITY AND LIABILITIES
1Shareholders' funds
(a) Share capital
2,448.92 2,448.92 2,448.92
2,448.92
82,698.74 195,442.85 69,242.83
- - -
67,650.13
-
Sub-total -Shareholders' funds
85,147.66 197,891.77 71,691.75
70,099.05
Reserves and surplus
Money received against share warrants
2 Share application money pending allotment - - - -
2,951.57
25,368.02
- -
160,913.36
-
250,667.41
-
73,449.46 70,931.26
(c) Other long-term liabilities
5,343.21
14,752.71
527.44 864.75
(d) ong term provisions
398.50
533.96
185 .06 258.15
Sub-total-Non-Current liabilities
166,655.07
265,954.08
74,161.96 72,054.16
5 Current liabilities
Minority interest
Non -current liabilities
ong-term borrowings
Deferred tax liabilities (net)
ASSETS
1Non-current assets
(a) Fixed assets 334,153.95 560,396.96 114,746.24 97,210.74
(b) Goodwill on consolidation - -
(c ) Non-current investments
71.08
137.60
3,444.67
1,655.79
(d) Deferred tax assets (net)
(321.03)
412.79
(e) ong- term loans and advances
29,097.85
36,855.05
34,282.65
25,731.82
(f) Other non-current assets
601.02
297.59
601.02
297.59
Sub-total-Non-current assets
363,602.87
598,099.99
153,074.58
124,895.94
2 Current assets
Current investments - 398.89 -
Shipping
Offshore
Coal (Mining,Procurement and Logistics)
Other
(a) Short-term borrowings 49,247.59 69,981.26 5,008.21 3,823.32
(b) Trade Payables 82,187.68 119,400.99 10,137.47 12,798.07
(c) Other Current liabilities 94,935.41 85,367.65 27,380.04 20,896.52
(d) Short term provisions 679.69 1,850.40 329.21634.38
Sub-total-Current liabilities 227,050.37 276,600.30 42,854.93 38,152.29
TOTAL-EQUITY AND LIABILITIES 481,804.67 765,814.17 188,708.64 180,305.50
(b) Inventories | 1,921.41 | 3,413.67 | 876.58 | 690.88 |
(c ) Trade receivables | 57,870.11 | 81,509.68 | 16,754.13 | 23,977.80 |
(d) Cash and cash equivalents | 9,544.38 | 27,440.49 | 1,331.04 | 6,162.81 |
(e) Short-term loans and advances | 22,826.39 | 30,134.89 | 16,647.40 | 24,407.76 |
(f)Other current assets | 26,039.51 | 24,816.55 | 24.91 | 170.31 |
Sub-total-Current assets | 118,201.80 | 167,714.18 | 35,634.06 | 55,409.56 |
TOTAl - ASSETS | 481,804.67 | 765,814.17 | 188,708.64 | 180,305.50 |
n E RCATOR
MERCATOR LIMITED
Regd. Office: 3rd Floor, Mittal Tower, B-wing, Nariman Point, Mumbai-400021. Tel: 022-66373333 AUDITED FINANCIAL RESULTS FOR THE QUARTER/YEAR ENDED MARCH 31,2016
SBGMENTWISE CON:S0'1.lDATEO REVENUE RE:SUlTS AND GAPITAl EMP.O)rD fOR THE QUA.RTER/Ve-AR
-
ENlilEDlN.lRCH 311,20 6
(Rs in Lakhs}
Quarter E1:1ded Year Ended]
artf,ula:r:s a1'Mai'-l16 :u-oec-ilS" 31..MaM.S 31.wtar-16 !U.-lMar-ilt.S Audited Unaudited udlted Auijfted At1dited
1.Segment Revenue
14,525 | 20,753 | 32,764 | 78,719 | 101,298 |
10,43 1 | 9,416 | 7,784 | 38,300 | 32,121 |
28,177 | 37,214 | 38,506 | 128,441 | 153,470 |
5,450 | 4,093 | 6,150 | 25,182 | 22,274 |
_s'si,583 | 71,47i/ | 8$,20¥l | 27Q,64i | 3.09. 63 |
(net sale/income from each segment should be disclosed under this head)
,Net sares/lncom 1F,rom 0per.iJ!9_n_s· ·-
2. Segment Results (Profit)(+)/ Loss {-}
before tax and interest from Each segment)
(a) Shipping {41,915) (48,204) (61,053) (96,991) (64,375)
(b) Offshore 3,012 3,180 1,719 10,091 9,176
(c) Coal (Mining,Procurement and Logistics) (1,785) 982 1,014 1,463 6,638 (d) Other (166) 269 1,715 955 2,059
Less: (i) Interest 6,826 5,150 7,242 24,471 22,530
3. Capital Employed (Segment assets - Segment Liabilities) | |||||
(a) Shipping | 185,748 | 347,645 | 415,793 | 185,748 | 415,793 |
(b) Offshore | 71,547 | 81,979 | 78,737 | 71,547 | 78,737 |
(c) Coal (Mining, Procurement and Logistics) | 63,406 | 76,392 | 90,076 | 63,406 | 90,076 |
(d) Others/Unallocated | (232,308) | (337,581) | (361,346) | (232,308) | (361,346) |
:rqtt Pro.fitJ3-efor.e t:a.is - _i(47·,682:) (48}923) (63184$)' - .( 0.8,9'53.) ('.q9,03})
Total
- 22-3·,260
·- ·-· -·- - 88,394 168,43'6 223,260 aa,394: .... .. •..JI.
Mercator Lines Limited published this content on 27 May 2016 and is solely responsible for the information contained herein.
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