203, The Summit, Hanuman Road,

Kanu Doshi Associates

Western Express Highway, Vileparle (E), Mumbai - 400 057

Chartered Accountants

',

022-2615

00

E : info@kdg.co.in

F : 022 2615 0113

. W : www.kdg.co.in

Limited Review Report

To

The Board of Directors

Remsons !ndustries Limited

statement of unaudited financial resutts ("the

Statement") of REMSONS INDUSTR!ES LIMITED ("the Company") for the quarter ended June
30th,2014except for the disctosures regarding'Pubtic Sharehotding','Promoters and
Promoters Group Sharehotding' and investor comptaints which have been traced from

1. We have reviewed the accompanying

disctosures made by the management and have not been reviewed by us. This statement is the

of the

Company's management and has been approved by the Board of

Directors. Our responsibitity is to issue a report on the Statement based on our review.

responsibility

z.

We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410,
"Engagements to Review Financial lnformation performed by lndependent Auditor of the Entity"
issued by the lnstitute of Chartered Accountants of lndia. This standard requires that we ptan and
perform the review to obtain moderate assurance as to whether the financiat statements are
free of materia[ misstatement. A review is timited primarity to inquiries of company personnel

and anatytical procedures, apptied to financial data and thus provides [ess assurance than an
audit. We have not performed an audit and accordingty, we do not express an audit opinion.
Based on our review conducted as above, nothing has come

to our attention that causes us to

financiat resutts prepared in
accordance with appticabte accounting standards notified pursuant to the Companies (Accounting
Standard) Rutes,2006 read with General Circutar 1512013 dated 13th September 2013of the
Ministry of Corporate Affairs in respect of section 133 of Companies Act,2013 and other
recognised accounting practices and poticies has not disctosed the information required to be
disctosed in terms of Clause 41 of the Listing Agreement including the manner in which it is
to be disctosed, or that it contains any materiat misstatement.
betieve

that the

accompanying statement

For Kanu Doshi Associates

Chartered Accountonts

,,,^yy*ye.104746w
I

r,/'
Partfier
Membership No.:114622
: Mumbai
: August 9'h,2014

Ptace
Date

of unaudited

NEDTSO]VS

INDUSTRIES LTD.
CIN : 151900MH 1971P1C015141

Regd.Office:88B. Govt. lndl. Estate, Kandivli(West), Mumbai 400057.

Tel No:022- 28683883; Fax. No: 022-28682487
Email id: remsons@vsnl,com, website: www.remsons.com

UNAUDITED FINANCIAT RESULTS FOR THE QUARTER ENDED 30.05.2014.

Amounts

- Rs. in Lacs

EPS

& No. of
Year ended

31.03.2014

(Audited) Refer
Note-3

from operations

. lncome

(a) Gross Sales

lncome from Operations

2,630.34

Less : Excise Duty

lncome from Operations (net of

Net Sales

72,277.03

274.53

excise duty)

(b) Other Operating lncome

Total lncome from operations (net)

Expenses
a) Cost of materials consumed
Purchase of stock in trade

t,496.06

L,641.99

1,409.30

6,450.23

9.s6

L2.70

6.82

50.81

c) Changes in inventories of finished goods,

-in-progress and stock-in-trade

d) Employees benefit expenses
e) Depreciation and amortisation expenses
.

Other Expenditure

9.91
417.27

(38.1s)
411.36

1.89
363.53

(s1.ss)
t,562.37

54.25

57.48

55.06

228.25

6r.3.00

652.47

489.22

2,46L.40

51.15

50.03

381.53

15.04

22.47

82.97

76.20

72.50

464.44.

62.9s

58.09

240.97

13.25

L4.4L

223.47

expenses

Profit

/ (Loss) from Operations before other

finance cost and exceptional items (1-

Other lncome
Protit

(Loss)

from ordinary activities

costs and exceptional items (314)

,

Finance Costs

. Protit

from ordinary activities after

(Loss)

finance costs but before exceptional items

Exceptional items

Prolit

from ordinary activities before

(Loss)

(7r8)
10. Tax Expenses

11. Profit

(Loss)

9.70

(6.10)

(st10)

3.55

20.51

12. Extraordinary items

13. Net Prolit

74.87

from ordinary activities after

(Loss)

for the period (11112)

14. Paid up equity share capital (Face Value of

10/-each)
l5.Reserves excluding Revaluation Reserves as
per balance sheet of previous accounting year
16. (i) Earnings Per Share (before Extraordinary
items)
Basic and Diluted Not Annualised (Rs.)
16. (ii) Earnings Per Share (After Extraordinary
items)
Basic and Diluted Not Annualised (Rs.)

571.34

148.50

I.ART II

A. PARTICULARS OF SHAREHOLDINGS
1. Public shareholding
- Number of Shares

L4,28,349

- Percentage of Shareholding

t4,28,349

t4,28,349

14,28,349

2501

250/,

25o/.

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

Nil

42,85,008

42,85,008

42,8s,008

42,85,008

25%

2. Promoters and

Promoter Group Shareholding

a) Pledged/ Encumbered
- Number of Shares
- Percentage of Shares ( as a % of the total
of promoter and promoter group)
-Percentageof Shares (asa% of thetotal

sh areholding

sh are capital of

the company)

b) Non-Encumbered
- Number of Shares
- Percentage of Shares ( as a % of the total
shareholding of promoter and promoter group)
- Percentage of Shares I as a % of the total
share capital

ofthe company)

t00%

lOOo/"

LOO%

LOl%

75%

75o/o

75o/o

75%

B. INVESTORS COMPLAINTS : Quarter ended 30th June,2014

L Pending at the beginnins ofthe quarter- Nil

ll. Received during the quarter- Nil

lll. Disposed of during the quarter - Nil

the quarter - Nil

lV.Remaining unresolved at the end of

1. The Company operates in single segment only, i.e.Automotive Components parts.

for the quarters/year are net of Provision for lncome Tax/ MAT and Deferred tax liabilities (assets) under lncome

2. Tax expenses
Tax Act,1961.

quarter ended 31.03.2014 are the balancing figures between audited figures of the full financial year and
published year to date figures upto nine month ended 31.12.2013 of the financial year.
3. The figures of

4. The Company has realigned its

1st April, 2014

depreciation policy in accordance with Schedule ll to Companies Act, 2013. Consequently w.e.f.

(a) the carrying value of assets is now depreciated over its revised remaining useful life.

(b) where the remaining useful life of the assets is nil as on 1st April, 2014, carrying value of assets has been adjusted against
)pening reserves (net of deferred tax) amounting to Rs.32.45 Lacs in accordance with transitional provision of schedule ll (7).
:. on account of above change, depreciation for the current quarter is higher by Rs. 1.30 Lacs,
5.Figures of previous year's/ periods' have been regrouped/ rearranged wherever necessary

to make them comparable.

The above results, as reviewed by the Audit Committe have been approved by the Board of Directors in its meeting held on '
)th August, 2014, Limited review has been carried out by the Statutory Auditors of the company as per clause 41 of the Listing
5.

nent with stock exchanges.

6.,S

: Mumbai

ffirr,ri-\

:09.08.2014.

A Recognised

W?r

For REMSONS INDUSTRIES LIMITED

1-

/.-W

K.KEJRIWAL

MANAGING DIRECTOR