Capacit'e Infraprojects Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2018
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2018
1. The above audited standalone and consolidated financial results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at its meeting held on May 18, 2018.
2. The Company has adopted Indian Accounting Standards ("lnd AS") from April 01. 2016 and accordingly these financial results along with comparatives have been prepared in accordance with the recognition and measurement principles stated therein, prescribed under Section 133 of Companies Act. 2013 read with relevant rules issued thereunder and the other accounting principles generally\ accepted in India
3. Reconciliation of standalone and consolidated net profit and equity as per previous GAAP and Ind AS for the quarter and year ended March 31. 2017 a) Profit Reconciliation
4. The Company has completed the Initial Public Offer (IPO) of fresh issue and allotment of 1.60.00.000 equity shares of Rs 10 each at an issue price of Rs 250 per share on September 21. 2017. The equity shares of the Company were listed on Bombav Stock Exchange Limited ("BSE") and National Stock Exchange of India Limited ("NSE"). w.e.f September 25. 2017.
5. Use of IPO proceeds is summarised as below.For Table, kindly refer Corporate Announcements on www.bseindia.com.
6. The Company's business segment consists of a single segment of ‘Engineering, Procurement and Construction contracts' (EPC) in accordance with the requirement of Indian Accounting Standard (IndAS) 108: Operating Segment. Accordingly, no separate segment information has been provided.
7. Figures for the previous period have been regrouped / reclassified, where necessary. to confirm to the current period classification.
8. Figures for the quarters ended March 31, 2018 and March 31, 2017 arc the balancing figures between the audited figures in respect of the full years and the published figures of nine months ended December 31, 2017 and December 31, 2016 respcctively.
9. Ratios have been calculated as follows: (a)Debt equity ratio = Debt (Debt is long term borrowings including current maturities and short term borrowings) / Net worth
(b)Debt service coverage ratio = Profit before tax + interest expenses + depreciation and amortization expense/Interest expenses for the year + principle repayments of long term (c)nterest service coverage ratio = Profit before tax + interest expenses / Interest expense for the year.