Beruflich Dokumente
Kultur Dokumente
PBX
FAX
GARG
FURNACE LTD.
:
: oo-9r-16r-z5rzz85
E-MAIL : gargfurnace@yahoo.com
VISIT US : www.gargfurnace.com
J TURhIACE LIMITED
,
r,i,LL
,*
.:i:t
i-.f
Standalone / Consolidated Unaudited Resu Its for the Quarter and 3 Months ended 31.1 2.201
.Y.20{5-
.ln
Particu lars
3 Months
ended
31.12.201s
Unaudited
r irty:)
(net)
. .:i *i
F,laterial Consumed
:i.!L:as oi Stock-in-Trade
.i-ir-ge ifl inventories of finished goods, work
:,. .ri):{:yee bend{its expense
,
Preceding 3
Months ended
30.09.201 5
Unaudited
0.00
0.00
0.00
0.00
o.o0
o.o(
1643-75
2924.27
3047.69
7375.58
4937.20
L4642.O9
1367.1 5
1454.23
856.87
517.35
1818.10
589.01
34.46
4295.17
6636.94
858.69
9092.6
3370.6\
( 1 89.33
18.35
19.98
19.32
58.08
78.14
35.09
4I.67
to6.37
1o2.77
1t4.7:
288.19
1.26.85
686.38
380.70
738.62
329.35
1021.0(
454.8"
29L7.60
7629.7L
8334.07
13981.98
603.13
660.1
t 37.8
220.O2
(2se.46\
329L.L4
2t52.27
(4e.2o)
141O.44\
117.51
(1-2)
l[come
tLL7.45l
t362.471
;,'1": Cost
L70.O9
t254.L31
27.72
4.a6
39_13
5.87
L74.95
1215.OOt
609.OO
231.42
t335.751
256.50
1343.051
1592.25t
L7.39
5.82
Audited
74642.O1
t76t.20
i:- 1
Unaudited
8937.20
760.76
i--
Unaudited
7375.58
:::i,t axperrses
y'
31.12.2014
Unaudited
3087.69
2r9.29
l,.!l-Err sf,S
31.12.2015
2928.27
31.12.2014
1643.75
36.76
279.63
726.32
: :':
1111.63t
157.56
15.97
532.68
797.92
i 67 .73
76.32
3().19
76.32
so.19
iiisnal items
,/ {Lcss}
::;.
Expense
1930.971
0.00
22.92
0.00
22.92
r343.O51
t569.33t
L7.39
t908.o5t
(15. 28\
(3.4e1
Credit entitlement
: :.rreed tax (assets /liability )
::iar year tax provisions written back
?toitt / (Loss) from ordinary activities after tax
::r:ti
0.00
53.56
(4.2s)
126.75
(3e. 71l,
sc
Q(s5.7!
_-,J.J.
t343.04t
t4LS.77l
9.65
l7aL.29t
2L.33
s3.53
(343.04)
l4ls.77l
9.65
178L.2el
2L.33
53.53
:ra of Profit /
(Loss)
of associates *
6ffi
Works
PBX
FAX
:
: oo-9r-16r-z5rzz85
E-MAIL :
GARG
FURI\ACE ITD.
VISIT US : www.gargfurnace.com
::critSz
Interest
l4L5.771
178L.2el
53.53
(10.37)
(r9.491
1.34
(10.37)
(10.37)
(19.491
(79.491
7.34
7.34
'::::
as per
Year
Diluted
r"-l1ing Fer Share (after extraordinary items)
.ii. /- each) ( not annualised)
i
r;:
Basic
Diluted
note to the Financial Results
(8.56)
(8.s6)
;,,i::ii of Djr.cctors at its meeting held on 15th February 2016 have approved the results and its release.
as lequired under clause 41 of the listing agreement has been Carried out by statutory Auditors
,,r:rjrhuncr- of AS 22"Accounting for taxes on Income", deffered tax assets arising during the quarter have not been recognised subject tc
r iil1o1 of pruclence. For the quarter ended 3ost September, 2O15 Partial deffered tax asset of Rs.15356427 was created to the extent to set ofl
r :rr:r ii:,rbi1itv tbr the period upto 3Oth June,2015
, :i r tr icu,
,1trt_r11\r is 1ot able to pa1. 1ns1.11"ments including interest of its 3 term loan from lndian Bank from the last 4 months subject to one
r j_r:r\.nieut ol Rs. 165100O/ - in respect of one term loan. The management is of the view that companies operating assets are not generating
gccl r-evenues on account ofvarious factors beyond the control ofthe company, such as slump in steel industry and delayed payments lrom
rr.r.s is p6sii1g r:hallenges to meet cash flow needs. However, the company is taking adequate steps to resolve the liquidity issues.
.'
r
iics ol thc contpany has significantily reduced due to various market factors like slump in steel industry and Cut-Throat competition $'rth
.:ri j.:i:i elc duc to rvhich company is making Losses.
rrrir)lr ir)r Ciraruity Liabilit_v to employees has been made on estimated basis. The short/excess on basis of actuarial valuation as per AS- 15
ilr'rI enrcrt Benellts would be made rn Audited Accounts
:, li)i pr(,\ii()Lis perio<1s have been recast/regrouped,wherever necessary to make them comparable.
ir rir. l,r'evious Year ericled 31.O3.2012 a demand of Rs 72306370/- has been raised by PSPCL on al c. of volatge surcharge relatlng tc
ilr.,s. Honolrrable Punjab & Haryana High Court has granted stay in the disconnection of the supply of electricity to the company. I lowevet
.t Rs 5,35,10,589/- paid upto 31st March, 2013 has been shown under Advances Recoverable.
r s ii:. C}'rrLilols balances are subject to confirmation from parties.
For Garg
.r.:ihiana
:.-r'l
f^i4
Chairman
DIN:O1
Works
GARG
PBX
FAX
FURNIACE IjTD.
VISIT US : www.gargfurnace.com
31.12.2015
di
':ent Revenue
...,. ? cr^^t
1129.55
fextile Products
Unallocated
'
Revenue
I.iei Sales/lncome from operations
-,irln
& Steel
-fextile ProdLlcts
liJrrallocated
l-r)
lnteresl
101.O3
i) Other Unallocable
{'aoital
,*.rrrent Assets
I rl ircir & Steel
,i,,. r94!e-Pr949!:
r
ment Liabilities
,;) Llnallocated
3115.81
For Garg Fu
! udhiana
:.s.o2.2016
Chairman Curri
DIN:O1665456
Director
co.
ACCOUNTANTS
CHARTERED
NAGAR,
B.XX-2815, GURDEV
LUDHIANA 141 OO1
Tele. No.2402492
E- aiI :dasskhannaco@yahoo.cofi
P A N : P d B F D5 1 5 1 G
of ReYiewi
ScoDe
(SRE)
with the Standardon ReviewEngagement
We conductedour review in accordance
2410,"Review of lnterim FinancialInformationPeformed by the lndependentAuditor
of the Entity" issuedby the Institute of CharteredAccountantsof India. This standard
requiresthat we plan andperformthe review to obtainmodente assuranceasto whether
A review is limited primarily
the financial statementsare free of materialmisstatement.
appliedto financialdataand
andanallticalprocedures
to inquiriesofcompanypersonnel
thus provide less assurancethan an audit We have not performed an audit and
anauditopinion.
wedo note\press
accordingly.
Emphasisof Mafter
3 . We draw attentionto Note No. 3 in the financial results about complianoewith AS-
4. We draw attention to Note No. 4 in the financial results which indicatesthat the
thatthe salesof
5 . We drawattentionto NoteNo. 5 in thefinancialresultswhich indicates
the companyhas signifrcantlyreduceddue to vadousmarketfactorslike slump in steel
industryand cut-throatcompetitionwith Chinamarketetc.,due to which companyis
makinglosses.
ifany
basis,TheshotVexcess
hasbeenmadeon estimated
6 . Gratuityliabilityto employees
AS-15Retirement
standard
on the basisof actuarialvaluationasper revisedaccounting
benefitswould be madein the auditedaccourtsat the yearend.Accordingly,we are
unableto cornmenton the impact of the sameon the resultsfor the quarter and nine
2015.
monthsended31thDecember,
DATED:15.02,2016
PLACE:LUDHIANA
(CA. RAKESH SO
PARTNER
M. No. 083142