PBX

FAX
EMAIL

: XANGANWALROAD,VPo. JUGIANA,
G.T.ROAD,ITJDHTANA-141
120 (rNDrA)
: 00-91-1614692400(30 Ltns)-251ma4
. m9L161-25122a6
: gargfumac@yahoo.com

GARG

FURNACE LTD.
1973PLC0033E5
CIN:L99999P8
VP'OJ$l8tu
Road,
Kanganwal
Reod,
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G.T.Ro'd,LUDHIANfu141lM
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KANGA}NVALROAD.VPo. JUGIANA.
G.T.ROAD,LUDHTANA-141T2O(INDI,A)
PBX
FAX
E-MAIL

GARG
FT,IRNACELTD.

(3Oun6)-2510o44
: oo-91-15146924{n
| tu91-161- 12245
: gargfumac!@yahoo..bm

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I The Abore Resulls have bten apporcd by Audit Connitt c. lhe Boad Or Directors at

3 frovision ror d

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: IGNGANWAL ROAD, VPO, ruGTANA.

G.T ROAD, LUDHTANA141 12O (INDI,A)
PBX

: 00-91-1614692!100 (3O Lina)-2510o44

FAX

, m-9't-'t6r-25r2285
: sarstumace@lahoo.com

E-MAIL

GARG

FURNACE LTD.

CIN:L99999P81913pLC003385
Rsgd,Ofi:lGngan$t
Road,
V.p,OJuqiana

G.T.Road,
tUDHtANA.l4i12d

SEGMENT INFORMATION

ACEIId.C.M

FOR QUARTER EN

L492L.7!
1561.55

211.29

164a3.36
Less.nlerSeameniRevenue

5005.51

Net sa es/lfcome from operalons

beioretaxand nlrestlromeacll
L97,67

132,24

TotalProfitBeforeTax
m e n t A s s e t s .e q m e nLt r b l i l i e s

5043.00

4519.33
97L,L6

2227,3L

2227,3L
3114.45

3034,4

3114.45

havethesamemeaninoas definedn i
on Seonrent
Re
Accountrna
Standard
fofeachofthe reponabb
Theabovelrfomaion s iurnlshed

Date r 14.04.2014

C h a i r m a nC u m

a c c o r d a nw
. et hA S - 1 7

DASSI(HANNA & CO.

CHARTERNDACCOUNTANTS

Tel No. 2103029,2401230

Fax No,0161-2409672
B-XX-2815, IsI FLOOR,
GURDEV NAGAR!
PAKHOWAL ROAD,
LUDHIANA - 141OO1.

I N D E P E N D E D NATI D I T O R S ' L I M I T E D
R E V I E $ R E P O Rf
To,
The Boardof Directors,
GargFurnaceLimitcd,
Ludhiana.
t_ We have reviervedthe accompanyingstatementof unauditedfinancial resultsof Garg
Furnace Limited, KanganwalRoad, V.P.O Jugiana.and C.T. Road, Ludhianafor the
quarter ended 30th June,20l4 (the "Statement',)being submined by the company
pursuantto the rcquirementof Clause41 of the Listing Agr.eementwith the Stock
Exchangcsexceptfor the disclosures
regarding"Public Shareholding',
and .,promolerand
Promoter Group Sbareholding"which have been traced from disclosuresmade by
managementand have not been reviewedby us. ]'his statementof quarterly financial
resultshas beenpreparedfiom interim financial statementswhich are responsibilityof
the Company'sManagementand has been approvedby the Board of Directors.Our
responsibilityis to issuea reporton thesefinancjalstatements
basedon our revier.r,
).

We conductedour review in accordance

with the Standardon Review Engagement(SRX)
2410,Review oflnterim FinanoialInfonnationperformedby IndependentAuditor ofthe
Entity. issuedby the lnstitute of CharteredAccountantsoflndia. This standardrequires
that we plan and perforrn the review to obtain moderateassuranceas to whetherthe
financial statementsare lree of materialmisstatement.
A review is limited primadly to
inquiriesof conpany personneland analyical proceduresapplied to financial data and
thus provide less assurancethan an audit. We have not perforned an audit and
cccL'rd'"rel).
$c do "rote\pres.?n aUd:ropi io.r.

3 . Gratltiryliability ta employeeshus beenmadeon estilldted basis.TheshortiercessiJ any

on the basisof actuafial |aluatiotl aspel lefised accountingstanddrd AS-l5 Retirenenl
benefts vould he nade in the audited (tccounts at the year encl. Accordingly, we are
unableta comltlenton lhe impdct o-fthe saue o the lesults:for the quarter ended30th
June,2A14.

L As stated in Note no 6 of thef ancial rcsuhs, the Compa y is evaluating the impocl on
useful lires and depreciation offxed Assets undet ScheduleII to the CompaniesAct,2Al3
flhich becamee.f.t'ective
from April l,2)l4.Pending such ewrluation,v,c are unable to
comment on approprictleness of the depreciation charge .lbr the Quarter Including
consequentiaLimpacL i.f any, that mdy arise in this rega/d or on anount of adjustment af
openingleselNesvhich may be requiredas pel rcquircuentsof the said schedulei the
Mlauditedf nancial results.
J.

As statedin Note No 7 of Financial Results,during theyear ended31.03.2012d denand

amou ting to Rs 72306370/- has beex ruised by PSPCL on a/c. of Voltage Surcharge
relating to earlier years.Hotlourable Punjab And Haryana High Court has ganted stay
i11the disconnection oJ the supply o;f electricity to the company. Ho ewl amount of Rs
Sofar
paid up to 31.03.2013has beenshown underAdvancesRecot:erable.
53510589/no pro|isian 1gainstlhis demandhas beenmade,)^ofle ale unable to commento this

6 . Subjectta 3,4,5aboNe,basedon our review conducledas dbore, nothinghascometo out

attentionthat causesus to believethat the accompanyingstatementofunaudited financial
resultspreparedin accordancewiih Accounting Standardsissuedunderthe Companies
(AccountingStandards)Ru1es,2006
which continuesto apply as per Section 133 ofthe
CompaniesAct,20l3 rcad with Rule 7 of the Companies(Accounts) Rules,2014and
othcr recognizedaccountingpmcticesand policies generallyacceptedin India, has not
disclosedthe infomation requiredto be disclosedin terms of Clause41 of the Listing
Agreementincluding the mannerjn which it is to be disclosed,or that it containsan)
materialmisstatement.

ForDASSKHANNA & Co.

C}TARTEREDACCO
(Registration
No.

6t*t
PLACI: LLIDHIANA.
DATED;14.08.2014

(RAKESHSONr)
PARTNER
M. No.83142

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