Standalone Financial Results, Auditors Report For March 31, 2016 (Result)

GLOBUS CORPOORATION LIMITED
(Previously Know as Karuna Cables Limited)

CIN : L33115MH1984PLC121000
Date: 24.05.2016
To,
The Dy, General Manager,
Bombay Stock Exchange Ltd,
Corporate Relationship Dept.,
PhirozeJeejeebhoy Towers,
Dalal Street,
Mumbai - 400 001.
Sir,
Sub: Outcome
of the Board Meeting held on 24thMay, 2016.
Ref: Globus CorpoorationLimited
(Code No. 531904)
In the meeting of the Board of Directors held on 24thMay 2016, Board discussed and approved
the following:
1. Adoption of Audited Financial results for the quarter and year ended 31stMarch,
2016.
2. Adoption of Audited Financial Results for the year ended 31st March, 2016.
3. Auditor's Report on Quarterly Financial Results and Year to Date Results
31.03.2016 of the Company Pursuant to the Regulation 33 of the Listing
Agreement.
4. Acceptance
company.
of resignation
of Mr. Vikram
Shah
Independent
Director
of the
Kindly take the same on record.

Thanking You,
Yours Faithfully
For Globus Corpooration
Limited
Dr. Mahendra Shah

Mg.Director
Din NO.01650375
Encl: As above
CC:
To,
National Stock Exchange
of India Ltd.
Registered Office: 102, Sanjay Chambers.
Choubal Lane, Opera House, Mumbai - 400 004.

Ph.: 022-2387 3609 Fax: 022-2387 3609 Email: mumbai@globuscorp.co
Works: 102A, S. V. Co-op., Industrial Estate, IDA Ballaram. Jinnaram (M). Medak. Dist. A. P. Pin: 502325. Ph.: 09394204555

CIN : L33115MH1984PLC121000
(Rs. In Lacs)
PART-I
STATEMENT OF AUDITED RESULT FOR THE QUARTER ENDED 31.03.2016

Quarter ended
Particulars
Year ended
3 Months
ended
31.03.2016
Preceding 3
Months ended
31.12.2015
Corresponding 3
Months ended
31.03.2015 in the
previous year
Audited
Reviewed
Audited
Current year
ended
31.03.2016
Previous year
ended
31.03.2015
Audited
Audited
(a)
(b)
Total income from operations (net)
2
0.00
3.33
0.00
15.30
0.00
0.00
0.00
0.00
0.00
0.00
0.00
3.33
0.00
15.30
Expenses
(a)
Cost of materials consumed
0.00
0.00
0.00
0.00
0.00
(b)
Purchases of stock-in-trade
0.00
0.00
0.00
0.00
1.16
0.00
0.00
3.62
0.00
13.85
5.31
8.47
3.50
28.49
33.09
28.99
0.00
29.61
28.99
29.61
13.73
4.69
10.21
30.05
309.72
48.03
13.16
46.94
87.53
387.43
-48.03
-13.16
-43.61
-87.53
-372.13
15.05
0.00
0.23
15.06
0.64
-32.98
-13.16
-43.38
-72.47
-371.49
0.03
0.00
0,01
0.03
6.12
-33.01
-13.16
-43.39
-72.50
-377.61
0.00
0.00
0.00
0.00
0.00
-33.01
-13.16
-43.39
-72.50
-377.61
(c)
(d)
Changes in inventories of finished goods,

work-in-progress and stock- in- trade
Employee benefits expense
(e)
Depreciation and amortisation

ex ense Refer note
(f Other expenses(Any item exceeding
10% of the total expenses relating to
continuing operations to be shown
Total Expenses
3
0.00
Profit / (Loss) from operations before

other income, finance costs and
4
5
6
7
8
9
10
11
12
13
Exceptional items
Profit / (Loss) from ordinary activities
before tax 7-8
Tax Expense - Current Tax
~ Net Profit / (Loss) from ordinary activities
after tax 9-10
Extraordinary items (net of tax expense)
Net Profit / (Loss) for the period (11 - 12)
14
15
Reserves excluding Revaluation Reserves

as per balance sheet of previous
a c
0.00
0.00
0.00
0.00
0.00
(33.01)
(13.16)
(43.39)
(72.50)
(377.61)
0.00
0.00
0.00
0.00
0.00
-33.01
-13.16
-43.39
-72.50
-377.61
1277.18
1277.18
1274.48
1277.18
1274.82
0.00
0.00
0.00
0.00
0.00
n in
Registered Office: 102, Sanjay Chambers. Choubal Lane, Opera House, Mumbai - 400 004.
Works:
102A, S. V. Co-op., Industrial Estate, IDA Ballararn. Jinnaram (M), Medak, Dist. A. P. Pin: 502 325. Ph.: 09394204555
G
16

CIN : L33115MH1984PLC121000
Earnings per share (before extraordinary

items) of Rs. 2/-each (not annualised):
16
Rs.
(a) Basic
-0.05
-0.02
-0.07
-0.11
-0.59
(b) Diluted
-0.05
-0.02
-0.07
-0.11
-0.59
(a) Basic
-0.05
-0.Q2
-0.Q7
-0.11
-0.59
(b) Diluted
-0.05
-0.02
-0.07
-0.11
-0.59
Earnings per share (after extraordinary

items) of Rs. 2/-each(not
See accom
annualised):
Rs.
an ing notes to the financial
results
IRS. In Lacs)
Quarter
3 Months
Particulars
ended
ended
Preceding 3
Months
ended
31.03.2016
31.12.2015
Audited
Reviewed
Vearended
Corresponding
Months
ended
...
31.03.2015
in the
-.
Audited
Previous year
Current year
ended
ended
31.03.2016
31.03.2015
Audited
Audited
A PARTICULARS OF SHAREHOLDING
Public Shareholdin
1
53324325
83.50
Number of Shares
Percentage of Shareholding
53324325
83.50
55492325
86.90
53324325
83.50
55492325
86.90
2
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
b)
10534675
10534675
8366675
10534675
8366675
100.00%
100.00%
100.00%
100.00%
100.00%
16.50%
16.50%
13.10%
16.50%
13.10%
3 months ended 31.03.2016

B
uarter
Nil
Nil
Nil
Nil
Fo<Gl~TO
Mg. Director / Director
Works:
102A, S V. Co-op., Industrial Estate, IDA Ballaram, Jinnaram (M), Medak, Dist. A. P. Pin: 502 325. Ph.: 09394204555

CIN : L33115MH1984PLC121000
Reporting of Segment
wise Revenue, Results and Capital Employed, under Regulotlon 33

of the listing Agreement
(Rs. In Lacs)
Particulars
Quarter ended
3 Months
ended
31.03.2016
Audited
Segment Revenue
a Manufacturin
. b Trading
c Un-allocated
Total
Corresponding
Preceding 3
3 Months
Months
ended
ended
31.03.2015 in
31.12.2015 the previous
Reviewed
Audited
Year ended
Year Ended
Current year
ended
31.03.2016
Previous year
ended
31.03.2015
Audited
Audited
0.00
0.00
0.00
0.00
0.00
3.33
0.00
0.00
0.00
15.30
0.00
0.00
3.33
0.00
15.30
Less:Inter segment revenue
0.00
0.00
0.00
0.00
0.00
Net sales/ Income From 0 erations
0.00
0.00
3.33
0.00
15.30
-28.99
-19.04
0.00
-13.16
-32.93
-10.45
-28.99
-58.53
-50.96
-320.53
-48.03
-13.16
-43.38
87.52
-371.49
-0.02
0.00
-0.01
-0.03
0.00
0.00
0.00
0.00
0.00
0.00
15.05
0.00
0.00
15.05
0.44
-33.01
-13.16
-43.39
-72.50
-371.05
-85.24
-26.72
-201.16
114.19
(86.20)
44.38
85.24)
(26.72)
(86.20)
44.38
Segment Results
(Profit (+)/Loss(-) before tax and
interest from each segment
a Manufacturing
b Trading
Total
Less:i) Interest
ii)Other unallocable expenditure
Add: iii) Un-allocable income
Total Profit l(Loss) Before Tax
Capital Employed
(Segment assets-segment Liabilities)
a Manufacturin
b Trading
c Un-a lIocated
0.00
5.66
0.00
Total
-111.96
-81.31
-41.82
-111.96
Notes:
1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at
their meeting held on 24th May, 2016.
2. The Company has Two Segment as per Accounting Standard - 17 of ICAI.
0.00
-41.82
3. During the period call in arrrears of Rs.2,36,250/- on 1,57,500 Equity shares of Rs.2/- each (Partly Paid-up for
Rs.0.50/- each) has been received, and accordingly total 63859000 equity shares of Rs.2/- each stands fully
paid-Up as on 31.12.2015.
4. Previous periods figures have been regrouped, where ever required.
5
Depreciation in the Fixed Assets are provided at the year end, as the manufacturing activity was closed
during the year.
6. Unallocable income of Rs.15,03,812/- consists of excessprovision of electricity expenses made in earlier year,
now no longer payable hence shown as income.
Dr. Mahendra Shah

Place: Mumbai
Date: 24.05.2016
Mg. Director
Ph.: 022-2387 3609 Fax: 022-2387 3609 Emall: mumbal@globuscorp.co
Works:
102A, S.
v. Co-op.,
Industrial Estate, IDA Ballaram, Jinnaram (M), Medak, Dist. A. P. Pin: 502325.
Ph.: 09394204555

CIN : L33115MH1984PLC121000
STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH, 2016
(Rs.in lacs)
As at 31.03.2015
Audited
RS.
As at 31.03.2016
Audited
PARTICULARS
EQUITY AND LIABILITIES

1. SHAREHOLDER'S FUND
1.1 Share Capital
1.2 Reserves & Surplus
1,277.18
(1,174.13)
1,274.82
-1,101.63
103.05
173.19
360.10
72.21
360.10
25.44
Sub Total
432.31
385.54
Sub Total
8.57
19.10
27.67
41.33
34.79
76.12
TOTAL EQUITY AND LIABILITIES
563.03
634.85
171.26
0.16
215.01
197.09
0.16
215.01
Sub Total
386.43
412.26
6. CURRENT ASSETS
6.1 Inventories
6.2 Trade Receivables
6.3 Cash and Cash Equivalents
6.4 Short Term Loans & Advances
Sub Total
121.74
1.31
53.55
176.60
148.04
3.35
71.20
222.59
TOTAL ASSETS
563.03
634.85
Sub Total
2. NON CURRENT LIABILITIES

2.1 Long Term Borrowings
2.2 Other Long Liabilities
3. CU~RENT LIABILITIES
3.1 Trade Payables
3.2 Short Term Provisions
B ASSETS
5. NON CUREENT ASSETS
5.1 Fixed Assets
5.1.1 Tangible Assets
5.2 Non Current Investments
5.3 Deferred Tax Assets (Net)
Work$.:
Re istered Office: 102, Sanjay Chambers, Choubal Lane, Opera ~ouse, Mumbai - 400 004.
9
Ph.: 022-2387 3609 Fax: 022-2387 3609 Ematl : mumbal@globuscorp.co
. A P P . 502 325 Ph . 09394204555
102A, S. V. Co-op., Industrial Estate, IDA Ballaram, Jinnaram (M), Medak, Dist. . . In.
."
F;~ Regd. No. , 11S17SW
Email: sandipdoshi99@yahoo.co.in
.w.e.bs.it.e.:www_ . s.a.nd.iP.v.do.s.h.ia.no.c.o
.co.m__
~-J
Sandip V. Doshi
SANDIPV.DOSHI
& CO.
.M.:
.+9.1.~.~.~~_O_8.~.~O_~9
CHARTERED ACCOUNTANTS
Auditor's Report on Quarterly Financial Results and Year to Date Results of the
Company Pursuant to the Clause 410f the Listing Agreement.
To,
THE BOARD OF DIRECTORSOF
GLOBUS CORPOORATION LIMITED.
We have reviewed the quarterly
financial
results of Globus Corpooration Limited (formerly known as

st
Karuna Cables Limited) for the quarter ended 31 March,2016 and audited the year to- date financial
st
results for the year from 1st April 2015 to 31 March, 2016, attached herewith being submitted by the
company pursuant to the requirement

regarding 'Public Shareholding'
of Clause 41 of the Listing Agreement,
and 'promoter
and Promoter
except for the disclosures
Group Shareholding'
which have been
traced from disclosures
made by the management and have not been audited by us. The financial
results for the quarter ended 31st March 2016 have been prepared on the basis of the financial results
for the quarter ended 31st December 2015, audited annual financial statements as at and for the year
ended 31st March 2016, and the relevant requirement of Clause 41 of the Listing Agreement and are the
responsibility
of the company's management
and have been approved by the Board of Directors on 24th
May 2016. Our responsibility
is to express an opinion on these financial results based on our review of

the financial results for the quarter ended 31st December 2015, which was prepared in accordance with
the recognition and measurement
principles laid down in Accounting Standard (AS) 25, Interim Financial
Reporting, issued pursuant to the Companies (Accounting Standards) Rules, 2006 as per Section 211(3C)
of the Companies Act,1956, and other accounting principles generally accepted in india, and our audit of
the annual financial
requirements
statements
as at and for the year ended 31st March,
2016 and the relevant
of Clause 41 of the Listing Agreement.
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
results. An audit also includes assessing the
the amounts
disclosed as financial
accounting principles used and significant
estimates made by management.
We believe that out audit
provides a reasonable basis for our opinion.

In our opinion and to the best of our information
and according to the explanations
given to us these
quarterly financial results as well as the year to date results.

(i)
Are presented in accordance

Agreement in this regard; and
Mumbai Off. : Off. No. 23, 3rd floor, 241-243,

Maharaja Bldg.,Opp. St. Teresa Church, Girgam,
Mumbai - 400 004. Tel. : +91- 22- 2380 4002
with
the
requirement
of Clause 41 of the
Listing
Kandivali Off. : G -1, Jyoti Plaza, '{:\ wing,

Gr. Floor, S.v.Road, Kandivali (West),
Mumbai - 400 067. M. : +91-9930280054
_SANDIP V. DOSHI & CO.
CONTINUATION
CHARTERED ACCOUNTANTS
(ii)
We further
Give a true and fair view of the net profit/loss
and other financial information
for the
st
quarter ended 31st March 2016 as well as the year to date results for the year from 1
st
April 2015 to 31 March 2016.
st March 2016 represent the derived figures
report that the figures for the quarter ended 31
between the audited figures in respect of the current year full financial year ended
the published year-to-date
quarter of the current financial year, which were subjected to a limited
2016 and
review as stated in paragraph
above, as required under Clause 41(1) (d) of the Listing Agreement.
FOR SANDIP V. DOSHI & CO.

Chartered Accountant
~Y.~.
(SANDIP V. DOSHI)
Proprietor M. No.: 048949
Place: Mumbai
Date : 24th May, 2016
sr' March
figures up to 31st December 2015, being the date of the end of the third

Standalone Financial Results, Auditors Report For March 31, 2016 (Result)

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GLOBUS CORPOORATION LIMITED

(Previously Know as Karuna Cables Limited)

of the Board Meeting held on 24thMay, 2016.

Ref: Globus CorpoorationLimited

(Code No. 531904)

Kindly take the same on record.

Dr. Mahendra Shah

Registered Office: 102, Sanjay Chambers.

Choubal Lane, Opera House, Mumbai - 400 004.

GLOBUS CORPOORATION LIMITED

STATEMENT OF AUDITED RESULT FOR THE QUARTER ENDED 31.03.2016

Cost of materials consumed

Changes in inventories of finished goods,

Depreciation and amortisation

Profit / (Loss) from operations before

Reserves excluding Revaluation Reserves

GLOBUS CORPOORATION LIMITED

Earnings per share (before extraordinary

Earnings per share (after extraordinary

an ing notes to the financial

3 months ended 31.03.2016

GLOBUS CORPOORATION LIMITED

wise Revenue, Results and Capital Employed, under Regulotlon 33

Less:Inter segment revenue

Net sales/ Income From 0 erations

Dr. Mahendra Shah

GLOBUS CORPOORATION LIMITED

STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH, 2016

EQUITY AND LIABILITIES

TOTAL EQUITY AND LIABILITIES

2. NON CURRENT LIABILITIES

F;~ Regd. No. , 11S17SW

results of Globus Corpooration Limited (formerly known as

company pursuant to the requirement

of Clause 41 of the Listing Agreement,

except for the disclosures

which have been

traced from disclosures

of the company's management

and have been approved by the Board of Directors on 24th

May 2016. Our responsibility

is to express an opinion on these financial results based on our review of

principles laid down in Accounting Standard (AS) 25, Interim Financial

as at and for the year ended 31st March,

2016 and the relevant

of Clause 41 of the Listing Agreement.

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,

results. An audit also includes assessing the

accounting principles used and significant

estimates made by management.

We believe that out audit

provides a reasonable basis for our opinion.

and according to the explanations

quarterly financial results as well as the year to date results.

Are presented in accordance

Mumbai Off. : Off. No. 23, 3rd floor, 241-243,

Kandivali Off. : G -1, Jyoti Plaza, '{:\ wing,

_SANDIP V. DOSHI & CO.

Give a true and fair view of the net profit/loss

and other financial information