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Standalone & Consolidated Financial Results, Form A, Auditors Report For March 31, 2016 (Result)
Standalone & Consolidated Financial Results, Form A, Auditors Report For March 31, 2016 (Result)
Standalone & Consolidated Financial Results, Form A, Auditors Report For March 31, 2016 (Result)
INDUSTRIAL
INryESTMENT
TRUST
IIIIGROUP I,IMITED
TheNatio' SrockExchangeof
lndiaLimired
(E),Mumbai400
BKC.Bandm
051
ForIndtrnri{llnvdrnenrTru$ Linir.{
,,n
G"*r
CEO& Conl'lry Sccrcr,ry
tud. c@
, bjdd+ru
MNio, hd F
"'i:l
dY
9'!''
Deloitte
Haskins& Sells
INDEPENDENTAUDTTOR'SREPORT
TO THE BOARD OF DIRXCTORSO!
INDUSTRIAL IN!'ESTMENT TRUSTLIMITEI)
| . We haveaudiredthe accompanying
Shtesent of Standdlone
FinancialResulrsot
lndustial Inle$ment Trun Limned Clhe Corpanl',) for the year e.ded
31 Mmh,2016 ('1heSlatenenf),bingsubhitred
bl theCompanypuNa.tro
thereq!irement
ofResulalion
33ofrhe SEBI(ListingObliearions
andDisclosu
Requnemenrs)
Resulationr 2015.This Sidlemenl,which is rhe responsibitityof
the CoDpany'sMana8emcnr
and lppFved by lhe Bmrd ol Direro*, h6 been
prep.redon rheb.sisofthe rel ed financiat
shtemenhwhichis in accodane
wirh the Accounting
ShndadsprescibedunderSscrionI33 of the Companies
Act, 2013.as applicable
principles
andon\eraccounting
generally
a@epled
in
India.Otrrrcsponsibilit,is lo exFEs anopiniononrheShremenr
2. Weconducted
ourauditin accodance
withrheSrddardson Auditingisued by
the Institureof ChaneredAccounlanhof l.dia. ThoseSrandorlsrequic that we
complt wirh elhicalrequirem.nB
Md plan and prfom lhe auditro obrain
reasonablessumce about whether rie Stdemenl is lfte lrofr narerial
An audit involvesprfomingpscedurcsto obrainaudit evidence
aboutlhe
amounhaid thedi$losurcsin lhc Slxtehent,
Thepbcedures
slecteddepend
on
the audirolsjudgmenl.inciudinglhe ase$nent ol the risks of oaterial
disiatemenloflheStdementwherher
dueto fnudoremi.In nakingthosesk
ase$nnts, the auditor consideNintemal oontol rclev.nt lo ihe Conpany\
prepamtiona.d foir presenrarionof the Sratementin order ro design audit
pocedurcslhal are app@priarein lhe circumstances.
but not for rbe purposeof
expre$ing
an opinionon theefectiveness
ol theCompants intemalconnol.
An
audital$ includes.valuatinC
lhe apprcpiotenes
of rherccounrin8
policies
used
andthe *enablne$ of the accouniinge$imaresmadeby the Manasencnt,d
well asevlluatinglhe overallpftsntation ofrhe Sratemenl
We beliele lhat lhe auditevidencewe haveobtainedh suitcie
to psvide. bashforotrrauditopinion.
dd appopdare
3. Ino0ropinionddtothebeslofourinlbmationand
amrdingtolheexplsarions
givsnto !s, theShrDmenl:
(i) h presented
in accordanewith thc requiEnemsor ReEutalion
33 oflhe sEBr
(l,islin8Oblieations
andDisclosurRequnemenls)
ReB0lationg
20ls; and
($
Deloitte
Haskins& Sells
(ii) giv.s a tflc dd frii vid in confomiiy with dE afoEsoid Aeounlin8
Shdards nd orh* aoubting pd.cipl.s gcneElly acpted ir India oftne
net psft and o$er nnancialinfomation of lhc conpdy for $e yed dded
4, The sl.tendl inclldes dE 6!lll for lhe Qurter eoded3l'' Meh, 2016bing
tne bolanoingngud betwM audnedfiCuEsin apicr or the tuU fi@cial yed
ondthe pubusnedrd b d!& fiClds upto thethid qurter ofde cu@ni fin&cial
ysr wnicnw@ subjectedb limitedrwiew by a,
5. We ddw anqiion to Noic I ofthe Stdement.As staldin lh. Notthe het wonh
of FutuF Ceneali India Life hsuran@CompanyLimited (TGILICT), ! Joinl
Venture oI lhe Compey, s at 3l' MaDh, 2016 h6 subsrdtially eoded.
Howver,tne MameEnqt ofthe Companyis ofthe view,for ihe Fsds staiedin
lhc Note lhat FE is no diminution orhs lhd tehpodry in the lalue of
inyeslhentoflhe ConDev in FCILICL.
ou rebortis not oualinedin Es.ect of thisnatter.
Ior DEII'TIE
(Fimt Resistdtion
No I 17365V)
(N
/Jv
MUMBAI,26" May,2016
Deloitte
Haskins& Sells
TNDEPENDENT
AUDTTOR'S
REPORT
TO THE BOARDOF DIRECTORS
OF
INDUSTRIALINVESTMENTTRUSTLIMITED
L we have audned the &conprnying Sratementof CoBolidaled Finmcial Resulb of
INDUSTRIAL INVDSTMENT TRUST LIMITED ("rhe Holdine Conpdy") dd its
subsidieies(theHoldineCohpmy Md irs subsididiestogetherEfered lo as"the Crcup"),
nsjoinrycontrolled
endties
bd ils shaFofthe lossof its associales
for lneyer ended
I l"'
March,2016f'the Statenenf). beins submiftedby rhe golding Conpay pusunr to rle
rqunementofResulalion
33oftheSEBI(risrihgObligations
ed Disclosue
Requnendts)
Resulatio6,z0l5. Thn Shrenehr,shich is rbe rcspoisibihy of rhe tlolding Conpany's
Managennlmd appored by the Bodd of Diectos, h6 beenprcparedon lhe bsis of the
Elared onsolidared findcial staremenrs
which h in accordancewirh rhe Accoutine
Stmdards,
u.der
Section
li3
ofrhe
Companies
Acr,2013,s apllicable.
ed
nrscnbed
oder accounlinspinciples senemllyaccltedin India.Ou rsponsibilityis to expessd
oDinionon theStateme.t.
2. we conducted
our auditin accord!.cewirb rheStandards
on Auditinsissudby dE Insritnle
of ChaneredAccounldts of India Thos Slddards requn. thal we comlly wilh ethical
Equiremelrisandplan andperforn tne audil to obtainredonabledsuranceaboutwhether
dreSralemeni
is fE from nalerial mhslatenenr
An audilinvolvesperibmingpocedures10obrainaudnevidenceabourrhemours ed the
disclosrresin the Stltenent. The prccedursselecteddependon the audilols judgno!
includingdreassessment
of rherisksof naterialnhstatenenlof theStatenenl,shetherdue
to liaud or eror. In nakine lhoserisk 6sessnenls,1healdnor comidersinlernalconiJol
rlerol lo the Holding Companys preparationed fair pBertatior of the Statemnlin
order!o d6ign audnproceduEsrharre apptopdatein rhe cncuEstdces.but not for the
purFoseof xpEssingan opinionon the elfecliveness
of lhe Eolding Conpmy's inremal
co.tol. An audnaho includesevalualinstheapprcprialeness
of theaccourins policiesued
and lhe eaonablenessof lhe uounring eslimatesnade by rhe Mmgenen! a sell !t
evalualiq lhe overallpresenlalion
ofth Slaleneni
d
9N"
Deloitte
Haskins& Sells
3. We did not audit ihe finecial statenentsof fou subsididies ad five jointly conlrolled
enririesinclndedin th consolidatedfimcial results,whos filmcial slatemntsreneci lolal
s$h of Rs,I08.178.58
lat]lsd !t 3 I "' March,2016,roralrevnues
of tuj1,182.58 btns for
the yed ended3 l" M!&h, 2016. md roral nt loss aftr tax of Rs.942,55la*hs for the yed
ended3 1' March. 2016.s consideieditr the consolidabd nnocial results,The con$lidaled
fimcial Esuhs alsoincludesrhe Go!r\ shae of ne! lo$ alto la\ of Rs.37.65blns for th
yee ended315'Mmh, 2016,a consid;Edin lhe consolidaled
fimdd rsultsin Nlect of
iwo associaleswhos inancial slatemenishavenot bee. auditedbv B.
Theseinecial stateden$ have been audiredby olher aud'roB whose epods have beetr
fuhished lo us by lhe Mmsenent dd our opinion oo lhe Stahen! in so fd $ it elal6 ro
the dounts ud disclosursincluded in Espect of &ese subsididies, jointly controlled
enlitiesmd Gsociates,is bsed solely on the relons oflhe olhd audiloB.
IIT Insurance
Brokins& tuskMqnaaenent
Private
limited
IlTl MdkelinAl\,leJeehmrPrivareLinikd
d
c
GoldenPalmsFacilityMmasenenrPrivareLiniied
Deloitte
Haskins
& Sells
b. is pEsnted in gccordanerilh the requinents of SEBI (Listine Obliealionsmd
Dislo.m Requi|me06)
Resularjo0!
2015:dd
c, gives a irue md fair viw in conlomity with lhe afo6Aid Ac.ouling Starddds tud
orher&comtilg princilles gendally accepiedh lndia of th comolidatd ne1loss od
oihd fimcial lnlomation ofrhe Gronp for th yd ended31" MN\ 2016-
5. ve dnw anentionto Note 3 of the Statenent,As eraredin theNotethe net worrhof Fut@
Gddali hdia Life Insudce Conpdny Linited ( FGILICL"). a Joint vdru of the
Compmy,s ar 3l st Mdch, 2016h6 substantially
mded. Howevr,th Megemot of lhe
Compmyis of the view, for the lsns st td in lhe Note.lhlt llde is tu inpaiment 6 al
dsing on sch acquisitior
I I " Mmh 2016in thevalueof Goodsill on consolidation
Ou rbonis mr oualifiedin !sDecl
oflhis natld.
ForDELOITTE HASIdNS & SELLS
CharteGdA@outaris
UdayM, Neogi
?dtner
(MembeshipNo. 30235)
MUMBAI,26dMay,2016
FORMA
Forn.toIcoveriqlelterorthe,nnlrltr ir reportto beliledvith thestockexchanses
2.
Typeof Audirobswaion
Frequency
of obsenation
5.
CEO& Compst Secrerary
AuditConFitteeChaime
In tems of ou leporlatached.
of the
ontheShdalone nnancialslalements
lor DELOITTEHASKINS& SELI,S
(UdnyM.Nogi)
(Mdbeship No,10235)
May.2016
MUMDAI.26rh
FORMA
Fornat0fcovrinslenerolthe annualauditrportto bliledwith thstockerchanges
Industrid Invenm.nt Trust Limitcd
2.
Amual Cosolidaredfifficialsraienenh
T y p eo f A u d i t o b s e R a t o n
Frequency
o{ observarion
5.
CEO& CodpanySecrehry
,A*
*l
AuditCommitree
Chaimatr
(UdayM. Neogi)
(MembeNhip
No. 10235)
M U M B A I , 2 6 rM
hay,20l6
INDUSTRIAL
INVESTMENT
TRUST
IttcRouP LIMITED
Th Bombaysi@* ExohanseLLmiled
In 6 ntLnu
alionld our letlerdaledMav10, 2016 intominsvouaboullhe Bo.d Meelng pleaselind belM
March31 2016
torlheyearnded
rhelnancialresults
Nameof thecoh pany: Industia LnveshentTrustLimiled
501295
CompanyCode
A)FINANCIALRESULTSFORTHEYEARENDEDMAR
. CH3I'2016
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ons
amounlavalableforapproprial
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b) transr* to SpcialReseNes
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B)PadidulaG
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