Coastal

G()V'I.

Corporation
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Ltd. 17
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INDA AECOGNISED

* *

IV/O

S'IAR EXPOpI HOUST

liSf;%;il;ifii?;lillrlsili,$i:flpeb'vissk'rapaham'530002'rNDlq
wwwcoastalootp.co.in, Emall : cclinv$toB@9mail.com, Info@coastalcory'co.in
Plant Unit 2 : P Dharmavaram Village, S. Rayavaram i/iadal, Visakhapaham Di8l

(0ll : Uio(l^Pl98l Pt(lxlllltl

30.0s.20x6
The Assistant Gneral Manager

Department of Corporate Services

Bombay Stock Exchange Limited
P.J.Towers, DatatStreet,

Mumbai-400 001

Maharashtra,lndia
5ir,
Sub: Submission

Statement

ofAudited Financial Results ofth Company,

oI Assets and Liabititis as per Regutation 33

Regulations,2015

of

sEBl (LoDR)

Reg

Ref: Scrip Code: 501831, Scrip tD: coastcorp_

Please find enclosed herewjth the following documents in terms
of Regulation 33 of the SEBt (LODR)
Reguiations,2015:

1. Audited Standalone and Consolidated Financial Results of

the Company

frn.nc,alyed, endeo

for the 4'h quarter and

t.03 201b.

2. Standalone and Consolidated Statemenr ofAssets and Liabitities for

the year ended 31.03.2016.
3. Standalone and Consotidated Auditofs Re port a long with ,,Form A,, forthe
quarter
4rh

and financjaj

year ended 31" March, 2016 pursuant to Regutation 33 of SEBt (LODR)

Regutations, 2015.
This is for your infornration and records.
Thanking you Sir,
For Coastal Corporation

'fltsatp4t"W,

{Swaroopa Meruva)
Company Secretary
Enclosed: as above

Copyto:

1. TheAssistant ceneratManqger, Ahemedabad Stock Exchahge (ASE).

2. The Assistant Generat Manager, Dethi Stocta Exchange {DSE).

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Standalone / Consolidated Statement ot Assels and Liabilitiesas at 3i.O3_2016

{Rupees in lakh

31-03-16

31-03-15

31-03-'i6
(Rs)

31-03-15

EQUITYAND LIABILITIES

(b)
(c

'127.11

254,22
Reserves & surplus
[4oney Received against Share Application

2 Share Appl'cation IUoney

perdi.g A olmeni

4,121.41

3,502.72

43?5-63

3,629 83

244.22

4,229.22

'127,t

3,591,31

3 Non current Liabilities

lc)

Longlerm bo.rowin9s
Oefetred Tax Liabilities (Net)

159_46

Other Long term Liabitities

348.25

4.10
13,1.69

Long-term Provisions
511.81

a)
)
d)
c

Short term bo(owings

't31.69

348.25
597,46

512_94

442.28

1,621.84

271_74

297.80

6,379,41

OtherCuirent Liabilities
Short,temProvisions
TOTAL

'|,504,42
268.10
622.16
8,774.10
13,661 54

597.45

7,499.30
842,28

725.27

622.37

725.43

9,338.60
13,565.88

4,921.42
13,663.58

9,338.75
'13,527.51

3,486,98

3,370,75

1.89

4.03

233.53

215.21

\SSETS

(i) Tangible Assets

(ii) Intangible Assets

3,434,67

(iii) capitalWork-in-Priogress
(iv) rntangible Assets under devetopmen!
Non-Cu(ent Investments
Defeired Tax Assets (Net)
Long'term Loans and Advances
Other Non-cu(ent Assets

Cutrent lnvestments

)
)
)

Trade Receivables
Cash and Cash equivalents
Short-term Loans and Advances

1.89

r,03

338.53
1,318.57
5,093.66

315.24

190.07
2,890,37
4,134.72
80.96
1,271.76

1,318.5t

719.64

4,356.42

5,045.97

4,309.66

4,517.85

4,312.56

4,518.75

2,422.51
35,33
1.239.53

1,553.33

Olher Current Assets

TOTAL

8,567.88
13.661.54

9,209_47

13,565.88

BY ORDER OFTHE BOARD

For Coastar Corpo.ation Linited

1I,ltn"*
IllANAGING DIRECTOR

8,617.61
13.663.58

9,217,85
13,527.51

cow oF IND'A pEcocNrsED * * Twr

COaStal
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1$'l-323,
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sTAR EXpoRT

Regd. Ofi. :

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HousE

Norrroii Road, Maharanipeta, Vigkhapaham - 530 002, INDIA

Inro@coastarco,pco.in

Pbnt unit 'l : Madkavalasa M, Paradesipelem Pehchayat, visakhapatnam Dist

pbnt unit 2 : P Dharmavram Village, S. Rayavaram Mandal, Vlsakhapatnam Dist

t63{X0 Pl98lPt(m30{7}

FORM

Submlssion ofAnnual Audit Report (Standalone & Consolidated) as per Regulation 33[3)(d)
of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015 for the
Financial Year 3lst March, 2016.
S,

No
1.

Particulars

Details

Name of Company

COASTAL CORPORATION LIMITED

(CIN: 163040AP1981P1C003047)
2.

Annual Financial Statements for the year ended

31$ March,2016

3.

Type of audit observations

Un-qualified

4.

Frequency of observations

NotApplicable

5.

To be Signed by:

Managing Director

----t\

Sign: I

|
Y

C{Ll

r/LA (

(T. Valsarai)
DIN:00057558

Director - Finance

DIN:00187006
Auditors of tfie Company

For K.P. Rao Associates

Chartered countants
Firm Reg No.

Sign:

(v.v.s.

Chairman ofthe Audit Committee

Stgn:

DIN:01679004

K.P, RAO ASSOCIA'TDS

C

UNRTERT O ACCOUNTANTS

INDEPENDENT AUDITORS' REPORT

TO THE BOARD OF DIRECTORS OF
COASTAL CORPORATION LIMITED

1.

We have audited the accompanying Statement of Consolidated Financial Results of coastal

Corporation Limited ('the company') and its sLlbsidiaries (the company and its subsidiar'es
('lhe Statemenf')'
together referred to as ('the Group'), for the year ended March 31,2016
being sLrbrnitted by the Company pursuant to the requirement of Regulation 33 of the SEBI
js
(Listing Obligations and Disclosure Requirements) ReBulations,20l5 This Statement, whlch
has
the responsibility of the Company's Management and approved by the Board of Directors,
been prepared on the basis of the related consolidated financial statement which iS in
Act'
accordance w th the Accounting Standards prescribed under Section 133 of the Companies
2013, as applicable and other accounting principles generallY accepted in India our
responsibiLity is to express an opinion on the staternent

2.

WeconductedourauditinaccordancewiththestandardsonAuditinSissuedbythelnstitllteof
ethical
Chartefed Accountants of India Those Standards require that we comply with
whether
requirements and plan and perform the audit to obtain reasonable assurance about
the Statement is free from material misstatement
and the
An audit invoLves performing procedures to obtain audit evidence about the amounts

disclosuresintheStatementTheproceduresselecteddependontheauditor'sjr'rdgment'
whether due
inclucling the assessment of the risks of material misstatement of the Statement,
to fraud or error. In making those risk assessments, the aLrditor considers internal control
design
relvant to the Company's preparation and fair presentation of the Staternent in order to
purpose of
audit procedures that are appropriate in the circumstances, but not for the

An audit also
expressing an opinion on the effectiveness of the Company's internal control
reasonableness
includes evaluating the appropriateness of the accounting policies used and the
accounting estimates made by the Management, as well as evaluating the overall

of the

presentation of the Statement

provide
we believe that the audit evidence we have obtained is sufficient and appropriate to

basis for our audit oPinion.

3.

in India
We have audited the tinancial statements ;f the wholly owned sr]bsidiary company
revenue of Rs 11 20
whose tinancial statements reflect total assets of Rs 67 31 lakhs and a tota!

7l_59roo r '1'qoor p - " e " (. r o e r " o 5000'6

Tp 040.2 74858) E "':,p ro."0 r'e'@, ecr"''r coo

'

';'7xts
-"'_
"'.+

:t $jfifj:

i;;==-i.Y
''- '-:"

year ended 31'r March'2o16 The fully owned foreign

lakhs and a profit of Rs 0 19 lakhs for the
by the auditors in that country (uSA) which have

subsidiary company's accounts are revlewed

which reflect total assets of Rs 15 43 crores tn
been considered in the consolidated statements
crores and a net loss of Rs 105 crores The
Indian currency with total revenue of Rs 241
company's have been considered in the consolidated

statements of foreign subsidiary

have been furnished to us by the management
statements for the year 31'! March, 2016 which
it relates to the amounts and disclosures
and our opinion on the statements, in so far as
on the reports of the auditor of that
included in respect of the subsidiary, is based solely
company.

4.

and according to
In our opinion and to the best of our information

the explanati'ns

given to us'

of the other auditors referred to in paragraph 3

and based on the consideration of the reports
above, the Statement:

ofihe entities listed in Note 1to the Statement'

a.

lncludes the results

b.

of sEBl (Listing obligations and disclo;ure

ls presented in accordance with the requirements
Requirements) Regulations, 2015: and

c'GivesatrueandfairVieWincontormitywiththeaforesaidAccountingstandardsandother
lndia of the consolidated net profit and other
accounting principles Senerally accepted in
financial information
5.

of the

Group for the year ended March 31' 2016

ended March 3l'' 2016 being the balancing

The Statement includes the results oi the Quarter
year to date
full financial year and the audited
figure between audited figures In respecl of the
financial year'
figures up to the third quarter of the current

(Firm's

(MembershiP No. 008571)

VISAKHAPATNAM
3oth

May,2016

K.P. RAO ASSOCI,ATES

CHARIERED ACCOUNTANTS

INDEPENDENT AUDITORS, REPORT

TO THE BOARD OF DIRECTORS OF
COASTAI. CORPORATION LIMITED

1.

of

coastal

Financial Results
We have audited the accompanying Statement of Standalone
31' 2016 ("The Statement )'
Corporation Limited ('the company') for the year ended March
of Regulation 33 of the SEBI
being submitted by the Company pursuant to the requirement
2015 This Statement' which is
(Listing Obligations and Dlsclosure Requirements) Regulations'
bY the Board of Directors' has
the responsibility of the Company's Management and approved
financial statement which ls in
been prepared on the basis of the related Standalone
prescribed under Section 133 of the Companres Act'
accordance with the Accounting Standards
generally accepted in India our
2013, as applicable and other accounting principles
responsibility is to express an opinion on the statement'

2.

on Auditing issued by the lnstitute of

We conducted our audit in accordance with the Standards

require that we comply with ethical

Chartered Accountants of India Those Standards
reasonable assurance about whether
requiremenis and plan and perform the audit to obtain
the Statement is free from material misstatement

evidence about the amounts ano lne

An audit involves performing procedures to obtain audit

disc|osuresintheStatement'Theproceduresse|ecteddependontheauditor,siudgment,
misstatement of the Statement whetherdue
including the assessment ofthe risks of material
considers internal control
to-fralld or error- In making those risk assessments' the auditor
presentation of the Statement in order to desiE'l
relevant to the company's preparation and fair

but not for the purpose of

audit procedures that are appropriate in the circumstances'
Company's internal control An audit also
expressing an opinion on the effectiveness of the

policies used and the reasonableness

includes evaluating the appropnaleness of the accountlng
as well as evaluating the overall

'

of the accounting estlmaies made by the Management'

present;tion of the statement.
We believe that the audit evidence we have obtained

it sufficient and appropriate to provloe

basis for our audit opinion

3.

and according to
In our opinion and to the best of our information

the

explanations given to

us, the Statement:

7.1-59,4 & 8, TJ-nrlS Po rr. ATee

r"r.,6qo - .ezqeso:

ttail

pel n\oeah?d

.praoassoc ales@'ed

500 016
o-1

ff'ra

\,,Q

(i)

ls presented in accordance with the requirements of SEBI (Listing Obligations and

disclosure Requirements) Regulations, 2015: and

(ii)

4.

Gives a true and fair view in conformity with the aforesaid Accounting Standards ano
other accodnting principles generally accepted in India of the net profit and other
financial inlormation of the Company for the year ended march 31. 2016.

The Statement includes the results of the euarter ended March 31, 2016 being the balancing
figure between audited figures in respect ofthe fullfinancial year and the audited
Vear to date
figures up to the third quarter ofthe current financialvear.

Partner
(Membership No. 008571)

VISAKHAPATNAM

May 3oth, 2016