m

ISO 9001-2008 REGISTERED

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Registered Office:

DNV Certification B.V., The Netherlands

Ref: SSLjCOjBSEj01j

SHAHI

404, Abhay Steel House, Baroda Street.

Mumbai - 400 009. India
Tel.: 91(22) 6145 4545 / 2348 7348 / 49.
Fax: 91 (22) 2348 7350
E-mail: shahi@bom3.vsnl.net.in
Website: www.shahilogistics.com

16-17

May, 2016

To,
The Manager
Department of Corporate Services
The Bombay Stock Exchange Limited
Phiroze Jeejeebhoy Towers
Dalal Street, Fort
Mumbai - 400001

Sub: Audited financial results for the quarter! year ended 31st March, 2016
Ref:

Shahi Shipping Limited (Scrip Code- 526508)

Dear Sir,
This is to inform you that, the Board of Directors of the Company at its meeting held on
th
Monday, the 30 May, 2016, inter-alia considered, discussed and approved the annual audited
financial results for the quarter and financial year ended 31st March, 2016 'pursuant to
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015. The Copy of the same is enclosed herewith for your information and records.
Kindly acknowledge the receipt of the same and oblige.

Thanking you.
Yours faithfully,
For Shahi Shipping Limited
(Formerly SKS Logistics

Limited)

~~
Nutan Kumar Duragkar
Compliance Officer

Corporate Office :

...

Shahi Marine House, Plot No. 11 & 11/1, Sector 26, Near Dana Bazar, Vashi, Navi Murnbai - 400 703. India
Tel. : 91 (22) 2784 3051 - 54 Fax: 91 (22) 2784 3041 /44

LIMITED

SHAHI SHIPPING

(FORMALLY

KNOWN AS SKS LOGISTICS

LTD)

REGD OFFICE: 404 ABHA Y STEEL HOUSE, BARODA STREET, MUMBAl-400 009
CIN No - L61100MHl990PLC0S8680,
STATEMENT

OF AUDITED

Email-Id

FlNANOAL

- sbah;@booLl.vsoLnet.in,

webshe-

www.shahllogistics.cem,

Tel No - 91 (II) 61454545

RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH 10\6
(Rs. In Lakhs)

PART!

3 MONTHS
ENDED 31~3.16

3 MONTHS
ENDED 31-12-15

3MONTHS
ENDED 31.03.15

PARTICULARS
1
2
A
B
C

3
4
5
6
7
8
9
10
11

12
13

14
15
16
17

Sales/Income From Ooeration

Total income
Expenditure
Emolovee Cost
Direct Operation & Admin Expenses
Depreciation
Total (A+BtC)
,rro It rrom uperanoDS nerore utner
ncome, Interest '"
Excentieaal Items (1-2)
Other Income
Profit / (Loss) on Sale of Assets (Net)
Profit before Interest & Exceptional Items (3+4+5)
Interest
Profit after Interest but before Exceptionalltems
(6-7)
Exceptional Items
Profit (+)/Loss (-) from Ordinary Activities before Tax (8-9)
Tax Expenses
Current Tax
Deffered Tax Liability/(Assets)
Taxation of earlier vears
Profit (+)!Loss(-) After Tax (10-11)
Extra ordinerv items (Net ofTaxes)
Net ProfitlLoss for tbe Period (12-13)
Paid Uo Equity Share Canital (Face Value Rs. 10/-)
Reserves excluding Revaluation Reserves As per Balance Sheet
of Previous Accounting Year
Earning Per Share (EPS) Basic & Diluted EPS per Share before
extra ordinerv items not annualised
Basic & Diluted EPS per Share after extra ordinery items not
annualised

l>ARTII
(A) PARTICULARS
OF SHAREHOLDING
Public Shareholdina
1
Number of Shares
Percentage of Share Holdings
Promoters & Promoter group
2
Shareholdina
a I t'teogel I ncumoereo
10) Non encumoerec
Number of Shares
Il'ercentage or snares ..\ AS a '70 or roe
Total shareholdma oforomoter and promoter zrouo)
Percentage of Shares (As a % of the
total Share Capital of the Company)
(B) INVESTOR

429.85
429.85

508.65
508.65

47.29
408.37

49.56
317.87
76.05
443.48

744.41
184.58

189.71
1,022.34
294.48

980.67

1,506.53

66.19
521.85
(117.33)
7.11
(54.02
(164.24)
(8.41)
(155.83
201.93

(13.63)
0.13

(357.76)

(65.39)

(13.SO)
51.89
(65.39)

51.68

(472.02)
177.18
(87.35)
(382.19)
57.22
(439.41

(178.33)

0.71
(66.10)

(179.43

(439.41)
(17.D4)
(32.41

(389.96)

(179.43)
1,449.49

(66.10)
1,449.49

(389.96
1,449.49

N.D. Heda & Co.

Accountant
F.R. No. 103604W

(~

(N.D. HEDA)

Proprietor
M.No.32450
Date: 30th May, 2016
Place: Mumbai

(AUDITED)
1,844.14
1,844.14
177.97
1,496.60
390.1 I
2,064.68

(46.93\
21.43
(54.02)
(79.52)
148.47
(227.99
201.93

(220.54)
178.23
(88.76
(131.07
243.57
(374.64

(429.92

(374.64

(178.33)
(0.71)
(252.30

(252.30)
1,449.49

1.88
(32.41

(344.11

(344.11)
1,449.49

(1.24

(0.46\

(2.69

(1.74\

(2.37

(1.24)

(0.46

(2.69)

(1.74'

(2.37

3,898,036
26.89

3,925,104
27.08

3,921,736
27.06

3,898,036
26.89

3,925,104
27.08

Nil

Nil

NI

NIL

10,596,838

10,573,138

10,569,770

10,596,838

10,569,770

IUU.U~

UU.UU

IUU.UU

IOU.UU

IOU.UU

IL"'4

/L.'iL

s.

ENDED 31-03-2016
NIL
NIL
NIL
NIL

Notes:1. The audited financial results,have been reviewed by the audit Commitrtee and approved by the Board of Directors of the Company at
its meeting held on 30th May 2016.
2. The Figures for the quarter ended 31.3.20) 6 are balancing figures between the audited figures in respect of the full financial year ended
31.3.2016 and the reviewed figures up to the Third quarter ended 31.12.2015.
3. The Company has reviewed the Capital Work In Progress of earlier years and indentified projects which are not going to materialise in
in future. In relation to this, amounting to Rs 202 Lacs bas been recognised and included under the head Exceptional items above.
4. The Company is Exclusively in the Shipping Business Segment.
5. Figures for the previous quarrer and year have been regrouped/rearranged wherever necessary.

Chartered

ACCOUNTING
YEAR ENDED
31.03.15

928.98

QUARTER

For

(AUDITED)
1,459.60
1,459.60

404.52
404.52

COMPLAINTS

PARTICULARS
Pending at the begining of Quarter
i)
ii) Received during the quarter
iii) Disposed off during the Quarter
iv) Remaining unresolved at the end of the Quarter

ACCOUNfING
YEAR ENDED
31.03.16

.'iL

SHAHI SHIPPING LIMITED

Part III
STATEMENTOF ASSETSAND LIABILITIES
(Rs in Lacs)
PARTICULARS
I.

AS AT 31.03.2016

AS AT 31.03.2015

(AUDITED)

(AUDITED)

EQUITYAND LIABILITIES
1 Shareholders Fund
(a) Share Capital
(b) Reserve and Surplus
Sub Total - Shareholders Funds

1449.49

1449.49

676.68

928.98

2126.17

2378.47

70.38

242.89

170.03
29.43

348.37
28.31

269.84

619.57

1275.52

1077.36

341.86

345.91

2 Non-current Liabilities
(a) long-Term Borrowings
(b) Deferred Tax liabilities (Net)
(c) long-Term Provisions
Sub Total - Non Current liabilities
3 Current Liabilties
(a) Short-Term Borrowings
(b) Trade Payables
(c) Other Current liabilities
Sub Total - Current liabilities

TOTAL EQUITY AND LIABILITIES

II.

387.06

1120.00

2004.44

2543.27

4400.45

5541.31

1,523.18

2095.57

208.34

408.14

7.20

7.20

ASSETS
1 Non-current Assets
(a) Fixed Assets
(i) Tangible Assets
(ii) Capital Work In Progress
(b) Non-current Investments

234.16

286.08

1,972.88

2796.99

1,740.90

2017.22

(b) Cash and Cash Equivalents

27.11

57.83

(c) Short-Term Loans & Advances

12.55

22.86
646.41

(c) long-Term loans & Advances

Sub Total - Non Current Assets
2 Current Assets
(a) Trade Receivables

(d) Other Current Assets

Sub Total- Current Assets

647.01
2,427.57

2744.32

TOTAL ASSETS

4,400.45

5541.31

For and on behalf of Boar

Shahi Shipp in

N. D. HEDA & CO.

CHARTEREDACCOUNTANTS
102, 1st Floor, Sai Darshan,
(NKGSB Bank Building), Plot No.170,
Jawahar Nagar, Road No.2,
Goregaon (West).
Mumbai - 400 062

Telephone
E-mail
Mobile

(022)28749015/16
ndhca@yahoo.com
9821149015

Independent Auditors' Report

To The Board of Directors,

Shahi Shipping Ltd.,

404, Abhay Steel House, Mumbai - 400 009.
1.

We have audited the quarterly financial results of Shahi Shipping Ltd (Formerly known as SKS
st
Logistics Ltd.) {"the company"} for the quarter ended 31.03.2016 and for the year ended 31 March
2016 ("the statement"), being submitted by the company pursuant to the requirement of
Regulation 33 the SEBI ( Listing Obligation and Disclosure Requirements), Regulations, 2015. This
Statement, which is the responsibility of the Company's Management and approved by the Board
of Directors, has been prepared on the basis of the related financial statements which are in
accordance with the Accounting Standards prescribed under Section 1330fthe Companies Act,
2013 read with relevant rules issued there under and other accounting principles generally accepted
in India. Our responsibility is to express an opinion on the Statement.
We conducted our audit in accordance with the Standards on Auditing issued by the Institute of
Chartered Accountants of India. Those Standards require that we plan and performtheauditto
obtain reasonable assurance about whether the Statement is free from material misstatement. An
audit includes examining, on a test basis, evidence supporting amounts disclosed in the Statement.
An audit also includes evaluating the appropriateness of the accounting policies used and the
reasonableness of the significant accounting estimates made by the Management, as well as
evaluating the overall presentation of the Statement. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our audit opinion.

2.

In our opinion the company internal financial controls over financial reporting of the Company and
the operating effectiveness of such controls in all material respect need strengthening.
Our opinion is unmodified in respect of this matter.

3.

In our opinion and to the best of our information

the Statement;
a.

is presented in accordance with the requirements

Obligations and Disclosure Requirements)

b.

and according to the explanations

given to us,

of Regulation 33 of the SEBI (Listing

Regulations, 2015; and

gives a true and fair view in conformity with the aforesaid Accounting Standards and other
accounting principles generally accepted in India of the loss and otherfinancial information of
st
the Company forthe year ended 31 March 2016.

4.

The Statement includes the results for the Quarter ended 31st March, 2016 being the balancing
figure between audited figures in respect of the full financial year and the published year to date
figuresup t-o the third quarter of the current financial year which were subject to limited review by

us.

Date:- 30.05.2016.
Place: - Mumbai

SHAHI

ISO 9001-2008 REGISTERED

Registered Office:
DNV Certification B.V., The Netherlands

404, Abhay Steel House, Baroda Street.

Mumbai - 400 009. India
Tel.: 91 (22) 6145 4545 / 2348 7348 / 49.
Fax: 91 (22) 2348 7350
E-mail: shahi@bom3.vsnl.netin
Website: www.shahilogistics.com

Date: 30th May, 2016

To,
Department

of Corporate Services

The Stock Exchange, Mumbai

P], Towers, Dalal Street,

Mumbai- 400 001

Sub: Declaration pursuant to Regulation 33 (3) (d) of the SEBI (Listing Obligations
and Disclosure Requirements) (Amendments) Regulations, 2016

Dear Sir,
In compliance

of Regulation

Disclosure Requirements)

33 (3) (d) of the SEBI (Listing Obligations

(Amendments)

Regulations,

2016, as amended

and

by SEBI

vide notification No. SEBI/LAD-NRO/GN/2016-17/001

dated 25th May, 2016 we
hereby declare that the Statutory Auditors of the Company have issued an Audit
Report with unmodified opinion on annual audited financial results of the Company
for the quarter and year ended 31st March, 2016. The said report has been submitted
to your exchange along with the financial results of the Company.
Kindly take the same on your records in compliance of the aforesaid amendment.

Thanking you,
Yours faithfully,

~I~

~,~!~~IL~i~

IE .ng Limited
S ogjstics Limited)
/'

Corporate Office :
Shahi Marine House, Plot No. 11 & 11/1, Sector 26, Near Dana Bazar, Vashi, Navi Mumbai - 400 703. India
Tel. : 91 (22) 2784 3051 - 54 Fax: 91 (22) 2784 3041/44