pco SeamlessRings (Gri arat) Ltd.

Regd'
Karnataka-560034
onice:34'corpus
rechnopark';
tHrfff"Ti#3"tJr3l?itJJf.lif.i]l;san'arore';

To
The Manager-Listing Department
Bombay StockExchange
1stfloor, Rotunda Building
Phirozef eejeebhoyTowers,
Dalal Street,
Mumbai-400001

Date:11.11.20L6

SUB: - Outcome of Board Meeting

Scrip Code: - 505797
Dear Sir,
With referenceto abovecitedsubjectwe wish to inform you that the meetingof Boardof Directorsof
M/s Mipco SeamlessRings (Gujarat)Limited have consideredand approvedUn-Auditedfinancial
resultsfor quarterendedas on 30mSeptember,
2016in accordance
with Regulation33 of SEBI(Listing
Obligations
and DisclosureRequirements)
Regulations,
2015
Themeetingcommenced
at 4.00P.Mand concludedat 5.45P.M
Youarerequestedto takethe sameon record.
ThankingYou
For MIPCOSEAMLESS
RINGS(GUIARAT)LIMITED

(/fr)*-1'"'?
nu'
SANJTV
KUMARTANDON
DIRECTOR,
DIN: 02579261

Corp- Olfice: Plot No.82, Abburu Heights, Door No.1-80/40/SP/82,Silpa Layoug Hi-tech City, lTet 040-3078?305,
Gacchibowli, Serilingampalln Hyderabad-500081
|
I Fa* 040-30787314

Residency
FlatNo.402,Ramkishen

GANESHYENKAT

& Co.,

Accountants
Chartered

Nagar,
Khairatabad
Anand
o-s-009/150,
' 500 004
Hyderabad
66838437
66836879,
Ph:040-23396879,
Fax:040 2331U37

com
@ganeshvenkat.
: raiavenkatg
email

LIMITED REVIEW REPORT

To The Board of Directors,
I/VS. MIPCO SEAMLESSRINGS (GUIARAT) LIMITED

^'

"We have reviewed the accompanying statement of un-audited standalone financial results
NVS. MIPCO SEAMLESS RINGS (GUIARAT) LIMITED for the quarter and six months ended
30ft Septembeg 2015" except for the disclosures regarding 'Public Shareholding' and 'Promoter and
Promoter Group Shareholding' which have been traced from disclosuresmade by the managementbut
have neither been reviewed nor been audited by us. The statement has been prepared by the company
pursuant to Clause 41 of the Listing Agreements with the Stock Exchange in India, which has been
initialed by us for identification purpose. This statement is the responsibility of the company
managementand has been approved by the board of directors/ Audit committee. Our responsibility is
to issue a report on thesefinancial statementsbasedon our review.
We conducted our review in accordance with the standard on Review Engagement (SRE) 2410,
"Review of Lrterim Financial Information Performed by the Independent Auditor of the Entity" issued
by the Chartered Accountants of India. This standard requires that we plan and perform the review to
obtain moderate assur.u:lceas to whether the financial statementsare free of material misstatements.
A review is limited primarily to inquiries of company personnel and analytical procedures applied to
financial data and thus provide less assurancethan audit. We have not performed an audit and,
accordingly, we do not expressan audit opinion.
We have only traced the disclosures regarding 'Public Shareholding' and 'Promoter and Promoter
Group Shareholding' in the statement from the disclosures made by the Management and are,
therefore,not expressinga review opinion thereon.
Basedon our review conducted as above, nothing has come to our notice that causesus to believe that
accompanying statement of unaudited standalone financial results prepared in accordance with
accounting standards referred to in Rule 7 of the companies (Accounts) Rules, 201,4and in respect of
section 133 of the companies Act 2013 and other recognized accounting practices and policies has not
been disclosed the information required to be disclosedin terms of clause 41 of the Listing Agreement
including the manner in which it is to be disclosed,or that it contains any material misstatement.
For IWs GANESHVENKAT & Co..

Place:Hyderabad,
Date:11-11-201,6.

MTPCOSEAMLESS RINGS(GUJARAT)LIMITED
Regd Off:#34, Gorpus Techno Park, AVS Compound, 4th Block, Koramangala, Bangalore-560034
layout, Hi-tech City, Gacchibowli,Hyderabad- 500081,
Corp Off: plot No:82, Abbuiu Heights, Door. No:1-80/40/SP/82,Silpa
GIN: L72900KA1980PLC080581

2016

UNAUDITEDFINANCIALRESULTSFORTHEQUARTERENDED30th

PART-1

sR.

Particulars

NO.

Transfer)(Netof ExciseDuty)
b) OtherOperatingIncome
Total Incomefrom operations(net)

'
'
'
'

Auditec

unaudited I Unaudited IUnaudited Unaudited I Unaudited

,| a) NetSales/ IncomefromOperations(ExcludingBranch

o
-

Year Ended on
HalfYearended on
Quarterendedon
3 1. 0 3 . 1
30.09.16| 30.06.16| 30.09.15 30.09.16 30.09.15

Expenses
a. Gostof MaterialConsumed
b. Purchaseof Stock-in-trade
of finishedgoods,work-inc. Changesin inventories
progressandstock-in{rade
d. Employeebenefitsexpense
expense
andAmortisation
e. Depreciation
f. OtherExpenses
Total Expenses
Profit, (Loss)from Operationsbeforeother income,
finanacecosts and exceptionalitems (t - 2)
Other
l Income
/ (Loss)from ordinaryactivities beforefinance
I lProfit
costs and exceptionalltems (3 t 4)
Costs
lFinance
lprofit I (Loss)from ordinaryactivities after financecosts
lOutUeforeexceptionalltems (5 t 6)
/ (lncome)
ltems- Expenditure
lExceptional

l
l
l
llProfit/ (Loss)from OrdinaryActivities beforetax (7 I 8)

1 0 lTax Expense
Profit / (Loss)from OrdinaryActivitiesafter tax (9 i
11
items(Netof Tax expenseRs.NiD
Profit / (Loss)for the period(11t 12)
of profit/ (loss)of associates
interest
Net Profit / (Loss)aftertaxes,minority interestand share
t6
of profit / (loss) of associates(13 + 14 + 15)
1 7 Paid-upEquityShareCapital(FaceValueRs. 10/-each)

12
t3
14
15

18
19.i

Reservesas per Balance

ReservesExcludingRevaluation
year
Sheetof previousaccounting
Eaming Per Share(beforeextraordinaryitems - not

? 10/-each)
Basic
Diluted
EarningPer Share(afterextraordinaryitems - not
19.ii
annualised)
(of(10/-each)
(a) Basic
Diluted

:l '*l:l
',,1,'l
I

0.001

',*l'*l

I
a.r;l

:l :l II
,l :l t,a;l

1.041
1.041

;l
::':l

,t.rll

-l

4.s;l
4.37|/

11.41

,ffir]l

|
(11.41)l

,rr.]l r3ill

1e.7sl

19.?51

,''r.rr]l

,:,:,
,"r,.i]
:;l
,':.,1
,':.,1
;;l;l
( 11.41) l

(r.04)l (3.34)l

(4.341(11.4r;l

(,r.04)l(3.34)l

(4.37)l

-l

,',r.ru,

(1.04;

(4.37)l ( 1 1 . 4 1 )

(19.75;

(1.04;

(4.37;

(11.41;

(19.75;

(1.04)

(4.37)

(11.411

(1s.7s)

358.48

358.48

358.48

358.48

(584.58)

(0.11)
(0.11)

(0.18)l
(0.18)

(0.37)
(0.37)

(0.37)
(0.37)

(0.37)
(0.37)

(0.8s)
(0.8e)

(0.37)
(0.37)

(0.37)l
(0.37)l

(0.37)
(0.37)

(0.8e)
(0.8e)

|
(0.11)
(0.11)

(0.18)l
(0.18)
|

PART -

PARTICULARSOF SHAREHOLDING

PublicShareHolding
- Numberof Shares
- Percentage
of Shareholding

Promoterand PromoterGroupShareholding
/ Encumbered
a) Pledqed
- Numberof Shares
- Percentage
(asa % of thetotal
of Shareholding
group)
shareholding
of promoter
andpromoter
- Percentage
ofShares(asa % oftotalsharecapitalof
theCompany)
b) Non- Pledoed
/ Encumbered
- Numberof Shares
- Percentage
of
of Shares(asa % of totalshareholding
promoter
group)
andpromoters
- Percentage
ofShares(asa % oftotalsharecapitalof
theCompany)

2,021,078 2,021,078 2,021,078 2,021,078 2,02',t,078

56.38% 56.38% 56.38%
56.38%
s6.38%

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

1,563,722 1,563,722 1,563,7221,563,722 1,563,722

1,563,722

100.00% 1 0 0 . 0 0 % 100.00% 1 0 0 . 0 0 % 100.00%

100.00%

43.62o/a 43.620/o 43.620/o

43.62Yc

43.620/o

1
2
3
4

43.62%

,lONTHSENDED30.09.2

PARTICULARS
B

NVESTORCOMPLAINTS
NIL
NIL
NIL
NIL

PENDINGAT THE BEGINNINGOF THE QUARTER

RECEIVEDDURINGTHE QUARTER
DISPOSEDOF DURINGTHE OUARTER
REMAININGUNRESOLVEDAT THE END OF THE QUARTI: R

MTPCOSEAMLESSRrNGS(GUJARAT)LTMTTED

ttatement of Assets andLiabilities

tarticulars

As on
As on
30.09.20163 1 . 0 3 . 2 0 1 6
Audited

[Jnaudited

A EQUITYAND
LIABILITIES
1 Shareholders'
funds
(a)Sharecapital
(b) Reserves
andsurplus
(c)Moneyreceived
againstsharewarrants
Sub-total- Shareholders'
funds

558.49
(588.e5)

(30.46

558.49
(584.58)
(26.09

2 Shareapplicationmoneypendingallotment
3

Non-currentliabilities
(a)Long{ermborrowings
(b)Deferred
(net)
taxliabilities
(c)Otherlong{ermliabilities
provisions
(d) Long-term
Sub-total- Non-currentliabilities

Currentliabilities
(a)Short{ermborrowings
(b)Tradepayables
(c)Othercurrentliabilities
(d)Short-tenq
provisions

55.22
8.9S
Sub-total- Currentliabilities

TOTAL- EQUIryANDLIABILITIES

2,021,078
56.38%

6.15

65.95

61.37

35.50

35.29

rA

11

,'?(

/^/ n

l r,'*t'-'-

B ASSETS
1 Non+urrentassets
(a) Fixedassets
(b) Non-cunentinvestments
(c) Defenedtax assets(net)
(d) Long-termloansandadvances
(e) Othernon-cunentassets
Sub-total- Non.currentassets
2 Currentassets
(a) Cunentinvestments
(b) Inventories
(c) Tradereceivables
(d) Cashandcashequivalents
(e) Short-termloansandadvances
(Dother cunentassets
Sub-total- Gurrentassets
TOTAL- ASSETS

0.31
16.41

0.31
16.4'l

16-72

16-72

16.35
0.53

16.35
0.32

1.90

1.90

18.78

1a_57

35.50

35.29

The aboveresultswerereviwedby theAuditCommitteeand approvedin the meetingof the Boardof Directorsof the
Company
heldon 11thNov,2016
2. The figureshavebeenregrouped/rearranged
wherevernecessaryto confirmto the period,
endedresults
3. Statusof investo/scomplaints:
-NlL,
Pendingat the beginning
quarter
of the
Complaints
received
duringtheyearand
disposed
off duringthequarter-NlL,Pendingat theendof thequarter-NlL
1.

Contingent
liabili$comprising
preference
of cumulative
dividendandtaxthereonhasbeenconsidered
for calculating
of EpS
Thecompany's
abilityto continue
as goingconcernis dependent
uponrestructuring
and/orevolvingnewbusiness
strategies
andfinancial
viabilities
Sincetherewereno operations
duringtheyearthedisclosure
of segmentinformation
as perAS '17is notapplicable

Date:'l1thNovember,
20'16
Place:HYDEMBAD

By Orderof the Board

ForMIPCOSEAMLEpARINGS
LTD
IGUJARAT)

sANJ,vffirZ@
(DlN:02579261
DIRECTOR
)