m:::::::d:d3 - paul merchants...13. statement ofassets and liabilities forthe halfyear ending...
TRANSCRIPT
«a , —N% Paul Merchants Ltd.
an:> trumntiwmma
Com UVIICI PMLHuuse sco 829-830..SetterREAGhandidadl-IGWQZvn 0172-5041740 mus/5041792hymn-5041713
Raga. other DSM 335 ms :37 am Florin Dirruwerfis snwfi‘Mam‘
, 7 naméam Road New Delhirltoflté Fri gnu-mutual)
www pauimermam rm imncpauimeiimm MI
Corporate Relations Department. PML/BSE/BM/20‘l8l / 97,ESE Limited, Date: May 28'“, 2018
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai- 4000017
SUB: SUBMISSION OF AUDITED FINANCIAL RESULTS FOR QUARTER 8:
FINANCIAL YEAR ENDED ON 31:7 MARCH, 2018 IN COMPLIANCE WITH
REGULATION 33 and 30 (2) OF THE SEBI (LODR) REGULATIONS, 2015'
SCRIP CODE: 539113
TIMETOF COMMENCEMENT OF BOARD MEETING : 12.00 PM
TIME OF CONCLUSION OF BOARD MEETING : 05.50 PM
Dear Sir,
Please find enclosed herewith the Audited Financial Results of the Company
(Standalone) for the quarter and financial year ended 31St March, 2018 & Audited
Financial Results of the Company (Consolidated) for the financial year ended 31“
March, 2013 pursuant to Regulation 33 read with Regulation 30 (2) of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015‘
The said results have been reviewed by Audit Committee in its meeting held on 24m
May, 2018 and thereafter duly approved and taken on record by the Board of
Directors of the Coh1pany in their Meeting held today ie, on 28m Day of May, 2018
In this regard. Audit Reports issued by the Statutory Auditors of the Company in
respect of the Standalone Audited Financial Results of the Company for the Quarter
and Financial Year ended 31St March. 2018 & Consolidated Audited Financial
Results of the Company far the financial year ended 3151 March. 2018 are also
enclosed herewith. .
It is also submitted here that as per Regulation 33'of Securities and Exchange Board
of indie (Listing Obligations and Disclosure Requirements) Regulations. 2015 read
over with Section 129(3) of the Companies Act, 2013, we have consolidated
Financial results with respect to our Associate and Joint Venture Company M/s
Horizon Remit Sdn Bhd., Malaysia and for our two subsidiary companies i.e M/S
‘_
Paul Fincap Private Limited and MS PML Realtors Private Limited for the Financial
L‘fi'year 2017-2018.
WESTERN UNION FOREIGN TGUHS A DUTIOUND DOMESTIC INTERNATIONAL
MDIIEV TRANSFER EXCHANGE TRAVELS MONEY TRANSFER MONEV TRANSFER SIM CARD
Further, in terms of Regulation 33 (3)(b)(i), we would like to inform you that the
company would adopt the practice of sending year to date Annual consolidated
Financial Results in the financial year 2018-2019 as well.
You are requested to take the same on your records.
Thanking you,
Yours faithfully,
For PAUL MERCHANTS LIMITED
6*???(HARDAM SlNGH)
COMPANY SECRETARY
FCS-5046
PAul M ERCHANTS Ltd :8)(An ISO 9001:2015 Cenifind Cc.) (CIN: L7‘900DL1934F‘LC018679)
CORP. OFF.: PML House. SCO 829—830, Sector 22~A, Chandigarh - 160 022 Ph. 0172a5041786, 5025090 Fax : 0172-5041709
E—mail : [email protected] Website : www.paulmerchants.net
REGD. DFF.: DSM 335. 336, 337. 3rd Floor. DLF Tower. 15, Shivaji Mara. Najafgarh Road, New Delhi—110015 Ph. : Oil-45702000
STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2018
PART 1
(Amount in Rs. Lakhs) except Share and per Share data
Co in
Three MonthsPreceding 3 M:::::::d:d3 Current Year ended Previous Year
Sr. No PARTICULARSMonths Ended ,
Ended 31.03.201331.12.2017
31.03.2017 In the 31.03.2018 ended 31.03.2017
previous Vear
Audited Unaudited Audited Audited Audited
| Revenue from Operations 1.43.030 1.20.512 73,447 4,531,916 2.89.102
ll Other Income95 676 145 1,122 545
III Total Revenue (I+Il) 1.43.126 1.21.187 73,592 4.55.038 2.89.647
Iv Expenses
Cost of materials consumed
Purchases of Stock-in-Trade 1.41.063 1.19.071 72,224 4,47,922 2,85,001
Changes in inventories of finished goods, Stock-in-Trade and workin-
progress122 49 139 26 (184)
Employee benefits expense303 357 289 1,289 1,016
Finance costs136 3 7 143 178
Depreciation and amortization expense118 80 73 333 291
Other expenses821 860 506 3,259 2,305
Total Expenses (IV) 1.42.563 1.20.421 73,238 4.52.973 2.88.607
V Profit/(loss) before exceptional items and tax (NV) 563 767 355 2.065 1,340
V| Exceptional items-
- 27 - 27
VII Profit/(Loss) Before Tax (V-VI) 563 767 328 2,065 1,014
VIII Tax expense
(1) Current tax68 237 143 559 351
(2) Deferred tax50 2 22 46 22
Ix Profit (Loss) for the period from continuing operations (VII-VIII) 445 523 154 1,450 542
X Firth/floss) from discontinued operations- 25,178 735 25,826 2,327
XI Tax expense of discontinued operations< 5,753 1,142 5,977 1,698
xu Profit/(Loss) from discontinued operations (after tax) (X-XI)- 19,425 (407) 19,849 629
XIII Profit/(Ion) for the period l|X+X||) 445 19,953 (243) 21,309 1,270
XIV Other Comprehensive Income
(i) Items that will not be reclassified to profit or loss-Remeasurement
Gain(Loss) on defined benefit obligations (4) (18) (38) (8) (38)
(Ii) Income tax relating to items that will not be reclassified to profit or
loss1 6 13 3 13
B (i) Items that will be reclassified to profit or loss-
-
-—
-
(ii) Income tax relating to items that will be reclassified to profit or loss --
-
--
Total Comprehensive Income for the period (XIII+XIV) (Comprising
XV Profit (Loss) and Other Comprehensive Income for the period) 442 19,941 (268) 21,304 1,245
XVI Earnings per equity share (for continuing operation):
(1) Basic (face value of Rs. 10 each)43.24 51.36 15.93 142.00 62.41
(2) Diluted (face value of Rs. 10 each)43.24 51.35 15.93 142.00 62.41
XVII Earnings per equity share (for discontinued operation):
(1) Basic (face value of Rs. 10 each)- 1,889.61 (39.58) 1,930.85 61.14
(2) Diluted (face value of Rs. 10 each)- 1,889.61 (39.58) 1,930.85 51.14
XVIII Earnings per equity share (for Continuing and discontinued operation):
(1) Basic (face value of Rs. 10 each)43.24 1,940.97 (23.65) 2,072,215 123.55
(2) Diluted (face value of Rs. 10 each) 43.24 1,940.97 (23.65) 2,072.85 123.55
By or of the Iii)"'
Place: Chandigarh
Dated: 28.05.2018
Sat
DIN 00077499 19:;Chairman cum Managing Direct
Bansal 2
1. m r has‘ ‘
Indian .-
‘
(IND AS) ..
" ‘
under the r‘
Act, 2013 read with relevant rules thereunder, with effect from April 1, 2011 with the date oftransltion as
1st April, 2016 and accordingly these financial results have been prepared In accordance with Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended by the Companies
klndian Accounting Standards! (Amendments! Rules, 2016.
2. The results for Quarter and Financial Year ended on March 31, 2018 presented here are Ind-As Compliant and Audited by the Statutory Auditors of the Company.
|3.The above resultsMSeam wise results for the Quarter a Financial year ended 31.03.2013 were reviewed it recommended by the Audit
Committee on 24.05.2018 for the a oval the Board.
a. The above results alongth Segment wise results for the Quarter ‘t Financial year ended 31.03.2010 have been taken on record by the Board of Directors of the Company In their meeting held on
28.05.2018.
5. Segment reporting is done In accordance with Ind-A5408 and Segment wise reports are‘ ‘
IMT .,.
the‘
operations. . ,the figures of the corresponding
lprevious Quarters/year to date figures have been recasted to make them comgable.6.At Serial No. x above, Profit from discontinued operations for year ended Year to date figures for 31.03.2018 figure Includes a sum of Rs. 25561 Lakhs on account of gain on sale of MTSS business and
Operational Profits of Rs. 259 Lakhs.
1 . The Statutory Auditors of the Company have audited the above results under Regulation 33 ofSEBl (100R) minimums and the Auditors “—92" does not contain any qualifications.
a. The Grief Financial Officer and Managing Director of the Company have certified in terms of Regulation 3(2)“) of SEBI (Listing f‘ and l‘' "
2015 that the above
ifinancialresults do not contain any false or
' ‘
or figures and do not omit any material fact which E! make the statements or limes contained therein misleading.
9. This Statement of Financial Results has been prepared In accordance with the recognition and‘
laid down in an‘ ‘
25 (AS 25 - Interim Financial Reporting) Issued by
the Institute of Chartered Accountants of India (ICAI).
10. During the Period there are no changes In the accounti poiIcIes of the (ml.
11. The Corn does not have a exc lanai or extraordina items to re rt for the above rlod.
12. Previous 1 iod res have been reoasted and o d wherever neoessa to make them com rable with current rlod fl ures.
13. Statement ofAssets and Liabilities for the half year ending 31.03.2018 ls attached herewith.
14. The full format of above Results are available on the website of ISE Limited ht_tp_:L/www.bseindia.oom and on theL
of the Comm/[www.pgulmerchamsmet.
1s. The R ures for the arters ended March 31, 2018 are the balancin fl ures between the audited fl ures in re ct of the full financial year and the published
figures of nine months ended December 31, 2011 which wereflied to limited review by the statutory Auditors of the Company.
16. Apart from adoption of IND AS, during the Period under review, there are no other‘
In ther
' '
of the
S of Reconciliation for net profit under IND AS and Indian GM? for the quarter ended March 31, 2017:
3 Months ended
March 31. 2017
Particulars (Rs. In Lakhs) 12L
ended March 31, 2017 (Rs. in Lakhs]Net profit /(Loss) after tax for the period as per Indian GAAP -260 1245
Add/ Less:‘4'
for GAAP Differences 25 25
Net profit/ (Loss! after tax (before OCI) as per IND AS ~14! 1270
Other Comprehensive Income 25 -25
Total Comprehensive Income/Loss for the period under Ind AS 468 1245
of Reconciliation of Equity as per GAAP and Ind-A5 for the Previous year ended March 31. 2017:
Particulars Year ended March 31, 2011 (Rs. in Lakhs)
Total Equity as per Previous GAAP 15280.80
Adiustments relating to Ind-AS -
Total Adjustments relating to Ind-AS -
Total Equity as per Ind-AS 15280.80 /"_““I;'
a
I”w
Place: ChandigarhDated: 23.05.2018
Statement of Standalone Assets & Liabilities
(Figures in Rs. in lakhs)
As at 3lst March, 2018 As at 3lst March, 2017
Particulars -
Audited Audited
ASSETS
(1) Non-Current Assets
a) Property, Plant and Equipment 7,516.11 5,036.93
b) Capital Work in Progress- 105.83
c) Investment Property- -
d) Goodwill — -
e) Other Intangible Assets — —
f) Intangible Assets Under Development- -
9) Biological Assets other than bearer plants- -
(h) Financial Assets
i) Investments 6,788.86 304.72
ii) Trade Receivables — -
iii) Loans - -
iii) Others ( to be specified)- -
(i) Deferred Tax Assets (Net) 53.57 99.47
0) Other Non-Current Assets 275.54 215.71
(2) Current Assets
a) Inventories 488.92 515.42
b) Financial Assets
i) Investments 12,217.89 841.93
ii) Trade Receivables 1,579.12 3,462.38
iii)Cash and cash equivalents 2,507.28 6,350.32
iv) Bank Balance Other than iii above 8,475.75 2,961.52
v) Loans 230.64 2,101.53
vi) Other ( to be specifed)
c) Current Tax Assets ( Net) 6,519.55 973.74
d) Other Current Assets 18.08 38.80
TotalAssets 46,671.33 23,008.31
EQUITY AND LIABILITIES
EQUITY
a) Equity Capital 102.80 102.80
b) Other Equity 36,378.44 15,074.92
LIABILITIES
(1) Non-Current Liabilities
a) Financial Liabilities
i) Borrowings 13.44 39.78
ii) Trade Payables- -
iii) Other financial liabilities (other than those specified in — 32.42
b) Provisions 145.56 234.18
c) Deferred tax liabilities (Net)— -
d) Other non-current liabilities - —
(2) Current Liabilities
a) Financial Liabilities
i) Borrowings 1,724.06 1,740.10
ii) Trade Payables 670.22 2,664.56
iii) Other financial liabilities (other than those specified in item (b),
to be specified) - -
b) Other Current Liabilities 957.42 1,815.88
c) Provisions 6,679.38 1,303.69
d) Current Tax Liabilities(Net)- -
ITotal Equity and Liabilities 46,671.33 23,008.31
Disclosure as per Regulation 33(1)(e) & Schedule IV PART A (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
STATEMENT OF STANDALONE SEGMENT RESULTS FOR QUARTER AND YEAR ENDED 31 .03.2018
STATEMENT OF STANDALONE SEGMENT RESULTS FOR QUARTER AND YEAR ENDED 31.03.2018
(Rs. In Iakhs)
Corresponding 3
Three Months Preceding 3 Months EndedCurrent Year Previous Year endedSr. No PARTICULARS Ended Months Ended 31.03.2017 in
ended 31 03 2018 31 03 201731.03.2018 31.12.2017 the previous
' ' ' '
Year
Audited Unaudited Audited Audited Audited
1 Segment Revenue
(Net sale/income from each segment should be disclosed under
this head)
(a) Segment- Forex 1,41,689 1,19,519 72,519 4,49,285 2,135,094
(b) ,
— International Money Transfer (Discontinued) - 761 2,590 5,239 10,159
(c) Segment- Travel 1,113 1,030 963 4,533 4,214
(,1) Segment . Others 175 40 33 277 85
Total 1,42,977 1,21 ,350 76,106 4,59,334 2,99,552Less: Inter Segment Revenue
(a) Segment- Forex 7 -9 15 -15 58
(b) — Inter Money Transfer (Discontinued) — ,2 4 .5 14
(c) Segment - Travel - 11 ~19 28 ~72
(d) Segment - Others 7 -7
Net salesllncome From Operations 1,42,977 1,21,350 76,106 4,59,334 2,99,5522
"
Results (Profit)(+)/ Loss (-) before tax and Interest
from Each segment)“
(a)'
,
— Forex 464 289 230 1,221 1,047
(b) — International Money Transfer (Discontinued) --
«
(c) ,
- Travel 43 41 16 197 -32
Id) Segment - Others 1681 40 33 270 51
Total 675 371 280 1,688 1,066Less:
1) Interest 10 30 40 143 178
ii) omer Un-allocable Expenditure net off 250 172 27 422 128
Add:
Un-allocable income 148 598 115 942 254
iii)
Total Profit Before Tax 563 767 328! 2,065 1,014
Segment- International Money Transfer (Discontinued) - -388 735 260 2,327
Total Profit Before Tax (Continumg and Discontinued563 379 1,063 2,325 3340
Operations)
3 Segment Assets
(a) Segment - Forex 8,665 8,963 6,142 8,665 6,142
(b) -
‘ ‘
Money Transfer (Discontinued) - - 14,107 - 14,107
(c) Segment - Travel 337 237 647 337 647
(d) Segment-Others 12,218 21,701 -
12,218 -
(e) Unallocated Assets 25,451 22,817 2,112 25,451 2,112
Total 46,671 53,718 23,008 46,671 23,008
4 Segment Liabilites
(a) Segment ~ Forex 2,095 2,129 1,897 2,095 1,897
(b) Segment — International Money Transfer (Discontinued) - - 4,115 - 4,115
(c) Segment - Travel 140 83 679 140 679
(d) Segment - Others 1,413 8,907 - 1,413 -
(e) Unallocated Liabilties 6,542 6,560 1,140 6,542 1,140
Total 10,190 17,678 7,831 10,190 7,831
5 Capital Employed
(Segment assets - Segment Liabilities)
(a) Segment- Forex 6,571 6,834 4,245 6,571 4,245
(b) Segment — International Money Transfer (Discontinued) , - 9,993 - 9,993
(c) Segment- Travel 197 154 -32 197 -32
(d) Segment- Others 10,805 12,794 - 10,805 -
(e) Unallocated Assets 25,451 22,817 2,112 25,451
(f) Unallocated Liabilties 6,542 6,560 1,140 6,542
Total 36,481 36,040 15,178 36,481
JAIN & ASSOCIATES s.C.o. 819-20, Sector 22—A, ChandigarhCHARTERED ACCOUNTANTS Ph: 9876110632
PAN: AAAFJ6439QEmail:Wm
Auditor’s Report On Standalone Quarterly and Full Financial Year Results of the
Company pursuant to the Regulation 33 of the SEBI {Listing Obligations and Disclosure
Requirements) Regulations, 2015
To,
Board of Directors
Paul Merchants Limited
We have audited the Financial Results of Paul Merchants Limited for the quarter ended 3|“ March. 2018 and for the financial
yhar starting from 1“ April‘ 201710 31" March, 2018, attached herewith, being submitted by the company pursuant to the
requirement of Regulation 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations. 2015. These financial
results have been prepared in accordance with the recognition and measurement principles laid down in India Accounting
Standards (lN'D-AS) prescribed under Section 133 of the Companies Act, 2013 (‘lhe Act’) read with relevant rules issued
thereunder and other accounting principles generally accepted in India and other recognized accounting practices and policies
and in compliance with Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 as modified
by Circular No, ClR/CFD/FAC/62/2016 dated July 05, 2016 issued by SEBI which is the responsibility of the company‘s
management. Our responsibility is to express an opinion on these financial results based on our audit of these standalone
financial statements
Figures for the quarter ended March 31. 20l8 as reported in these financial mulls are the balancing figures between audited
figures in respect of the full financial year and the published year to date figures upto the end of the third quarter ofrhe Current
financial year. Figures upto the end of third quarter for the current financial year had only been reviewed by us and not subjected
to audit,
We conducted our audit in accordance with the auditing standards generally accepted in lndia Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material
missmtement(s). An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An
audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our
audit provides a reasonable basis for our opinion.
In our opinion and to the besl of our information and according to the explanations given to us these quarterly financial results as
well as the financial year ended results:
(i) are presented in accordance with the requirements of Regulation 33 of the 51531 (Listing Obligations and Disclosure
Requirements) Regulations, 2015 in this regard as modified by Circular Not ClR/CFD/FCA/62/2016 dated July 05, 2016 issued
by SEBl: and
(ii) give a true and fair View of the net profit/net loss(for quarter) and net profitjnet loss (for full financial year) and other
financial information For the quarter ended 3 ISI March. ml 835 well as the full financial year results for the period from 1“ April,
2017mm“ March, 2018.
The Comparative financial information for the quarter and full financial year ended March 3 l, 20! 7 included in the Statement is r
based on previously published standalone financial results for the said periods prepared in accordance with the Companies(Accounting Standards) Rules. 2006 and other accounting principles generally accepted in India audited by us and expressed an
unmodified opinion on those standalone financial results, as adjusted for the differences in the accounting principles adopted bythe Company on transition to ind-AS to make it Ind-AS compliant, which have been audited by us.
For JAIN & ASSOCIATES
CHARTERED ACCO NTANT
Place: ChandigarhDate: 28.05.2018
REGD. OFF. 1 DSM 335, 335. 337. 3rd Floor. DLF Tower, '5, Shivajl Marg, Najafgarh Road. New Delhi-1 10015 Ph. : 017»48502000
(An ISO 9001:2008 Certified Co.)
CORP. OFF. : PML House, 5C0 829v830, Sector 22~A, Chandigarh — 160 022 Ph. 0172-5041786. 5025090 Fax : 0177:5041 709
PAUl MenchAN‘rfi Ltd?(CIN: L74900DL19$4PLC01 8679)
Email : Infonaulmerchantsmet Website : www.paulmerchants.net
STATEMENT OF CONSOLIDATED AUDITED FINANCIAL RESULTS FOR YEAR ENDED MARCH 31, 2018
PART 1
(Amount in Rs. Lakhs) except Share and per Share data
Sr. No PARTICULARSCurrent Year ended Previous Year ended
31.03.2018 31.03.2017
Audited Audited
l Revenue from Operations 4,54,412 2,39,102|| Other income 1,153 545
III Total Revenue (l+ll) 4,55,565 2,89,647
IV Expenses
Cost of materials consumed
Purchases of Stock-in-Trade 4,47,922 2,85,001
Changes in inventories of finished goods, Stock-in-Trade and work-in—progress 26 [184)
Employee benefits expense 1,456 1,016
Finance costs 201 178
Depreciation and amortization expense 351 291
Other expenses 3,435 2,305
Total Expenses (IV) 4.53.442 2.83.507
V Profit/(loss) before exceptional items and tax (i-IV) 2,123 1,040
V| Exceptional items. 27
VII ProfiWLoss) Before Tax (V-VI) 2,123 1,014
Vlll Tax expense
(1) Current tax 585 351
(2) Deferred tax 35 22
Ix Profit (Loss) for the period from continuing operations (VII-VIII) 1,501 542
X Profit/(loss) from discontinued operations 25,826 2,327
XI Tax expense of discontinued operations 5,977 1,698
XII Profit/(Loss) from discontinued operations (after tax) (X-XI) 19,849 629
xm Share of Profit (Loss) of associates and joint ventures accounted for using equity
method 8 12
x|v Profitfi'loss) for the period (IX+X'II+X—Ili) 21,359 1,282
XV Other Comprehensive income
(i) Items that will not be reclassified to profit or loss-Remeasurement Gain(Loss) on
defined benefit obligations (8) (38)
(ii) Income tax relating to items that will not be reclassified to profit or loss 3 13
B (i) Items that will be reclassified to profit or loss --
(ii) Income tax relating to items that will be reclassified to profit or loss - -
XVI Total Comprehensive Income for the period (XIV+XV) (Comprising Profit (Loss) and
Other Comprehensive Income for the period) 21,354 1,257
XVII Total Profit or loss, attributable to
Profit or loss, attributable to owners of parent 21,346 1,282
Total profit or loss, attributable to non-controlling interests 13 -
XVIII Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (5) (25)
Total comprehensive income for the period attributable to owners of parent non—
controlling interests - -
IX Earnings per equity share (for continuing operation):
(1) Basic (face value of Rs. 10 each) 146.87 63.57
(2) Diluted (face value of Rs. 10 each) 146.87 63.57
X Earnings per equity share (for discontinued operation):
(1) Basic (face value of Rs. 10 each) 1,930.85 61.14
(2) Diluted (face value of Rs. 10 each) 1,930.85 61.14
Xl Earnings per equity share (for Continuing and discontinued operation):
(1) Basic (face value of Rs. 10 each) 2,077.72 124.71
(2) Diluted (face value of Rs. 10 each) 2,077.72 124.71
Place: Chandigarh
Dated: 28.05.2018
Inores:
The 1‘,
has‘ ‘
Indian A-_
St (IND AS) prescribed under the Companies Act. 2013 read with relevant rules thereunder, with effect from April 1, 20171 with the date of transition as 1st April. 2016 and accordingly these financial results have been prepared In accordance with Ind As notified under the Companies (Indian
Accounting Standards) Rules, 2015 as by the l‘ (Indian‘
,St
‘
2 1‘
Rules. 2016.
2The results for Financial Year ended on March 31, 2018 presented here are Ind-AS Compliant and Audited by the Statutory Auditors of the Company.
3The above results alongth Segment wise results for the Financial year ended 31.03.2018 were & i
‘ ‘
by the Audit l‘‘
on 24.05.2013 for the
approval by the Board.
‘The i‘
r ,does not have any r
' '
or“
1 items to report for the above period.
5
Mus for the corresponding previous period have been regrouped/reclassifledL
sary, to make themr
6 The above results aiongwith Segment wise results for the Financial Year ended 31.03.2018 were‘ J
& u
‘ ‘
by the Audit f‘ for..r by the Board
on 24.05.2018. The same have been taken on record by the Board of ’rectors of the l‘ in their'
_held on 28.05.2018.
7 Segment reporting is done In accordance with Ind-A5108 and Segment wise reports are' ‘
IMT,_
the‘
operations. Accordingly, the
figures of the cor‘“
,. quarters/yearn) date figures have been recasted to make themr
The Statutory Auditors oi the Company have audited the above results under Regulation 33 of SEBI (LODR) Regulations, 2015. The Auditors Report does not contain any3qualifications.
The Chief Financial officer and Managing Director of the Company have certified in terms of Regulation 33(2)(a) of SEBI (LODR) Regulations, 2015, that the above financial9 results do not contain any false or misleading statement or figures and do not omit any material fact which may make the statements oriigures contained therein
misleading.
1°Apart from
rof IND As, during the Period under review, there are no other changes In the
_, r
‘
or the,
11’
of Assets and Liabilities as at 31.03.2018 is attached herewith.
In terms of Regulation 33 (3) (b) of SEBI (LODR) Reguladons,2015, the results have been consolidated with Joint Venture Company M/s lion-Iron Remit Sdn. Bild. , Malaysia and
12 subsidiary companies Mls PML Realtors Private Limited and M/S Paul Fincap Private Limited for the year ended 31.03.2018.
13Accordingly, the unaudited annual figures of the said Joint venmre company as at 31.03.2018 have been taken for the purpose of consolidation. With respect to subsidiary.
._PML Realtors Private Limited and Mls Paul Hm Private Limited the audited annual figures as at 31.03.2018 have been taken for the purpose of
14 The in" format of above Results are available on thewebslte of BSE limited http://wwwL ‘ ’
mm and on the'
of the rr , http://www.paulmerchants.net.
15 of Reconciliation ior net pTofit under IND I5 and inaian GPA-KW?» the quarter ended March 31, 2—617:
Particulars 12 Months ended March 31, 2018 (Rs. in Lakhs)Net profit /(i.oss) after tax for the period as per Indian GAAP 1257.04
Add/ Less: Adjustments for GAAP Difierenoes 25
Net profit/ (Loss) after tax (before OCQ as per m D AS 1282.04
other Comprehensive income-25
Total Comprehensive income/Loss for the period under ind AS 1257.04
[ 16 Statement of Reconciliation of Equity as per GAAP and Ind-AS for the Previous year ended March 31, 2017:
ParticularsYear ended March 31. 2017 (Rs. In Lakhs)
Total Equity as per Previous GAAP15114.22
Adjustments relating to Ind-AS445.62
Total Adjustments relating to Ind-AS445.62
Total Equity as per Ind-AS
Place: Chandigarh
Dated: 28.05.2018
CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT 31.03.2018
(Rs. In Lakhs)As at As at
Particulars31st Mar, 2018 3lst Mar, 2017
Audited AuditedA. ASSETS
1) Non-Current Assets
5) Property, Plant and Equipment7,570.00 5,036.93b) Capital Work in Progress
3.54 105.83c) Investment Property—
-
d) Goodwill-
-
e) Other Intangible Assets-
-
f) Intangible Assets Under Development-
-
9) Biological Assets other than bearer plants —
-
c) Financial Assets
i) Investments63.97 5560ii) Trade Receivables
-
—
iii) Loans-
-
iii) Others-
-
d) Deferred Tax Assets (Net)65.01 99.47e) Other Non-Current Assets
275.54 215.71
2) Current Assets
a) Inventories488.92 515.42b) Financial Assets
i) Current Investments12,217.89 841.93ii) Trade Receivables
1,579.12 3,462.38iii)Cash and Bank Balance2,975.45 6,350.32iv) Bank Balance Other than iii above8,794.85 2,961.52v) Loans6,647.91 2,101.53vi) Others
-
-
c) Current Tax Assets6,554.64 973.74d) Other Current Assets
34.17 38.80
TOTAL 47,271.02 22,759.19B. EQUITY AND LIABILITIES
EQUITY
a) Equity Capital102.80 102.80b) Other Equity
36,320.91 14,825.80
LIABILITIES
Non-Current Liabilities
a) Financial Liabilities
i) Borrowings13.44 39.78ii) Trade Payables
-
-
iii) Other Financial Liabilities-
32.42. b) Provisions
151.90 234.18c) Deferred Tax Liabilities (Net)-
-
cl) Other Non-current Liabilities-
-
Current Liabilities
a) Financial Liabilities
i) Borrowings2,152.63 1,740.10ii) Trade Payables
812.52 2,664.56iii) Other Financial Liabilities-
-
b) Other Current Liabilities986.48 1,815.88
c) Provisions6,730.32 1,303.69d) Current Tax Liabilities(Net)
-
-
TOTAL 47,271.02 22,759.19
REQUIREMENTS) REGULATIONS, 2015
Disclosure as per Regulation 33(1)(e) & Schedule IV PART A (LISTING OBLIGATIONS AND DISCLOSURE
STATEMENT OF CONSOLIDATED SEGMENT RESULTS FOR THE YEAR ENDED 31.03.2018
(Rs. In lakhs)
Current Year Previous YearSr. No PARTICULARSended 31.03.2018 ended 31.03.2017
Audited AuditedSegment Revenue
(Net sale/income from each segment should be disclosed under this head)
Segment - Forex4,49,285 2,85,094
Segment - International Money Transfer (Discontinued) 5,239 10,159
Segment - Travel4,533 4,214
Segment - Others807 96
Total4,59,864 2,99,564
Less: Inter Segment Revenue
Segment ~ Forex-15 58
Segment - international Money Transfer (Discontinued) -6 14
Segment - Travel281 -72
Segment - Others-7
Net sales/Income From Operations 4,59,864 2,99,564
Segment Results (Profit)(+)/ Loss (—) before tax and interest from Each segmth
Segment - Forex1,221 1,047
Segment . Travel197 -32
Segment ~ Others386 51
Total1,803 1,066
Less:
Interest201 178
Other Un-allocable Expenditure net off 422 128
Add:
Un-allocable income942 254
Total Profit Before Tax2,123 1,014
Segment - International Money Transfer (Discontinued) 260 2,327Total Profit Before Tax (Continuing and Discontinued Operations)‘ 2,383 3,340
Segment Assets
Segment - Forex8,665 6,142
Segment - international Money Transfer (Discontinued) ~
14,107Segment - Travel 337 647
Segment - Others12,227 -
Unallocated Assets 26,041 1,863Total
47,271 22,759
Segment Liabilities
Segment - Forex 2,095 1,897Segment - International Money Transfer (Discontinued) -
. 4,115Segment < Travel 140 679
Segment - Others 1,414 .
Unallocated Liabilities 7,199 1,140Total
10,847 7,831
Capital Employed(Segment assets - Segment Liabilities)
Segment » Forex 6,571 4,245
Segment - international Money Transfer (Discontinued) -
9,993Segment - Travel 197 -32
Segment - Others 10,814
Unallocated Assets26,041 1,863
Unallocated Liabilities 7,199 1,140
Total36,424 14,929
THE CONSOLIDATED FINANCIAL STATEMENTS INCLUDE RESULTS OF JOINT VENTURE AND SUBSIDIARY COMPANIES OFM]. PAUL MERCHANTS LIMITED . THE NAME, COUNTRY OF INCORPORATION OR RESIDENCE, PROPORTION OF OWNERSHIP INTERESTAND REPORTING DATES ARE AS UNDER:
Parent's ultimateName of the Company Country of Incorporation holding as on 31st Financial year ends on
March, 2018
A. Joint Venture Companies:
M/s Horizon Remit BHD. SDN. Malaysia 19.424% 31-Dec-17
B Subsidiary Companies:Paul Fincap Private Limited India 77.94% 31—Mar-18
4
PML Realtors Private Limited India 97% 31-Mar-18
JAIN & ASSOCIATES S.C.O. 819-20, Sector 22-A, ChandigarhCHARTERED ACCOUNTANTS Ph: 9876110632
PAN: MAFJ6439QEmail: jainassociates1968@gmai .com
Auditor’ Re ort On Annu I onsclidated Financial Results of the Com an Pursuant to
the Regulation 33 of mg SEBI (Listing Obligations and Disclosure Reguirements)
Regulations, 2015
To.
Board of Directors
Paul Merchants Limited
We have audited the consolidated Financial Results of Paul Merchants Limited for the financial year starting from 1"1
April. 20177to 31“ March, 2018, 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 in accordance with the recognition and measurement principles laid down in
India Accounting Standards (iND-AS) prescribed under Section 133 of the Companies Act, 2013 (‘the Act’) read wrth
relevant rules issued thereunder and other accounting principles generally accepted in indie and other recognized
accounting practices and policies and in compliance with Regulation 33 of SEBi (Listing Obligations 8‘ Disclosure
Requirements) Regulations, 2015 as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 05, 2016 issued bySEBI which is the responsibility of the company's management. Our responsibility is to express an opinion on these
financial results based on our audit of these consolidated financial statements,
We conducted our audit in accordance with the auditing standards generally accepted in india. Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are
free of material misstatement(s). An audit includes examining. on a test basis, evidence supporting the amounts
disclosed as financial results. An audit also includes assessing the accounting principles used and significantestimates made by management, We believe that our audit provides a reasonable basis for our opinion,
We did not audit the financial statements of Horizon Remit Sdn. Bhd. (Associate and Joint Venture Company in
Malaysia), which are certified by the management of the Holding company and the same has been consolidated in
the Annual results of Paul Merchants Ltd. in accordance with equity method prescribed under iND-AS 28. The Share
of profit of Paul Merchants Limited in said Associate and Joint Venture Company is Rs 8.37 lakhs for the year ended
31.03.2018. Our opinion on the said consolidated Annual Results. in so far as it relates to the amounts and the
disclosure included in respect of this Associate and Joint Venture Company, is based solely on the accounts certified
by the management,
Further, we have audited the financial statements of wholly owned subsidiary of Paul Merchants Limited ie. M/SPML Realtors Private Limited included in the consolidated Annual results of Paul Merchants Ltd. The saidSubsidiary's financial statements reflect total assets of Rs. 981.10 Lakhs as at 31“ March 2018 as well as the totalrevenue of Rs. 5.49 Lakhs as at 31SI March 2018.
Further. we have audited the financial statements of subsidiary of Paul Merchants Limited Le. M/S Paul FincapPrivate Limited included in the consolidated Annual results of Paul Merchants Ltd The said Subsidiary’s financialstatements reflect total assets of Rs. 6343.46 Lakhs as at 31" March 2018 and total revenue of Rs. 521.98 Lakhs asat 31‘1 March 2018.
In our opinion and to the best of our mtormation and according to the explanations given to us. these consolidatedAnnual results:
(i) include the Annual Financial results oftha following entities .-
MIS HORIZON REMIT SDN. BHD., MALAYSIAMIS PAUL FINCAP PRIVATE LIMITEDMIS PML REALTORS PRIVATE UMITED
(ii) have been presented in accordance with the requirements of Regulation 33 of the SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015 in this regard; and
(iii) Give a true and fair view of the consolidated net profit and other financial information for theconsolidated financial results for the period from 1" April 2017 to 31" March 2018.
For JAIN 8; ASSOCIATESCHARTERED A COUNTANTS
.mlPARTNER»
(CA M.No. '\_4\77)‘
Place: Chandigarh‘E
.
Date: 28.05.2018
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Corporate Relations Department, PMLIBSE/BM/20181 ( 9 IBSE Limited, Date: May 28‘", 2018
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai» 400001
Dear Sir,
Sub : Declaration for Unmodified Audit Report of Statumfl Auditors on the Quarterly and
Annual FEancial Results for the Quarter and Full Financial Year ended on 31" March:2018
Scrip code: - 539113
Pursuant to Regulation 33(3) (d) of SEBl (Listing Obligations and Disclosure Requirements)Regulations, 2015, We, on behalf of the Board of Directors of the company, declare that M/S Jain &
Associates, Chartered Accountants, the Statutory Auditors of the Company have issued Audit Reportwith unmodified opinion on Standalone results which are for the quarter and financial year ended
31.03.2018 and Consolidated Results ofthe Company which are for Financial Year ended 31 .03.20l8.
The said Financial Results have been approved by the Board of Directors in its meeting held on today28‘“ day of May, 201 st
Thanking you
Yours’ faithfully
For PAUL MERCHANTS I:
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CHAIRMAN CUM MANAGING DIRECTOR
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MONEY TRANSFER EXCHANGE "HAVE“ MONEY TRANSFER MUHEV TRANSFER SIM CARD