SRS Limited

Regd. & C o r p o r a t e O f f : SRS T o w e r , 3 r d Floor, N e a r M e t r o S t a t i o n M e w l a M a h a r a j p u r , G.T. R o a d , F a r i d a b a d , N C R - D e l h i

-121003

Ph.flO 129-4323100, Fax.tfOl29-4323195

E-mail:info@srsparivar.com,

Website- www.srsparivar.com, C I N -

L74999HR2000PLC040183

S T A T E M E N T O F A U D I T E D S T A N D A L O N E F I N A N C I A L R E S U L T S F O R T H E Q U A R T E R A N D H A L F Y E A R E N D E D 3 0 T H S E P T E M B E R 2015

PARI 1

f in L a c s
Quarter Ended

INCOME

H a l f Year Ended

30/Sep/15

30/Jun/15

30/Sep/I4

30/Sep/15

Audited

Audited

Unaudited

Audited

Fear Ended

3n Sep'14
Unaudited

31/Mar/15
Audited

FROM OPERA H O N S

Net Sales/Income f r o m Operations

109.325.35

109,041.03

93,249.33

218.366.38

195,321.07

382,483.79

Total income f r o m operations (net)

109,325.35

109,041.03

93,249.33

218,366.38

195321.07

382,483.79

(a) Cost o f materials c o n s u m e d

31,209.00

29,210.37

41.982.39

60.419.37

90,157.22

130,307.77

( b ) Purchase o f stock-in-trade

72,899.10

71,424.03

45,485.55

144,323.13

91,426.69

231,900.66

(c) Changes in inventories o f finished goods, w o r k in-progress and

(3,841.91)

(1,860.76)

(8.364.80)

3,379.75

EXPENSES

(4.47)

(2,025.82)

(3,846.38)

stock-in-trade
( d ) Employee benefits expense

913.08

877.26

872.48

1,790.34

1,697.00

(e)

478.15

470.59

550.59

948.74

1,084.62

2,088.43

3,563.23

3,410.99

3,430.47

6,974.22

6,432.24

11,794.91

105,220.65

105388.77

90,295.66

210,609.42

188,937.01

371,106.72

4,104.70

3,652.26

2,953.67

7,756.96

6384.06

11377.07

(361.04)

395.09

229.04

34.05

299.79

586,00

3,"43.6(.

4,047.35

3.I.S2.71

7,791.01

6,683.85

11,963.07

D e p r e c i a t i o n and a m o r t i s a t i o n expense

( 0 Other expenses
T o t a l expenses
3

P r o f i t f r o m O p e r a t i o n s before O t h e r Income, Finance Costs and

E x c e p t i o n a l I t e m s (1-2)

4
C
ZJ

Other Income
P r o f i t f r o m o r d i n a r y a c t i v i t i e s b e f o r e finance costs a n d e x c e p t i o n a l

Items

(3+4)
6

Finance Costs (Net o f interest i n c o m e )

Profit f r o m o r d i n a r y activities after

finance

costs b u t b e f o r e

1,953.48

2,025.54

1,639.89

3,979.02

3,288.88

7,062.97

1,790.18

2,021.81

1,542.82

3,811.99

3394.97

4,900.10

1,790.18

2,021.81

1,542.82

3,811.99

3394.97

exceptional I t e m s (5-6)
8

Exceptional Items
P r o f i t f r o m o r d i n a r y activities before tax (7-8)

10

T a x Expense

11

Net P r o f i t f r o m o r d i n a r y activities a f t e r tax (9-10)

12

Extraordinary I t e m (net o f tax expenses)

13

Net P r o f i t for the p e r i o d (11-12)

14

Paid-up Equity Share C a p i t a l (Face V a l u e o f Rs. 10/- e a c h )

15

Reserve e x c l u d i n g Revaluation Reserves as per Balance Sheet o f Previous

353.62

617.57

1,436.50

1,404.24

(10.69)
1,553.51

Qnn

971.19

185.95

1,018.71

2,840.80

3,209.02

3,88139

1,436.56

1,4114.24

1,553.51

2,840.80

3.2(17.02

3,88139

27,858.20

27,858.20

13.929.10

27,858.20

13,929.10

13,929.10
48,910.88

A c c o u n t i n g Year
16

Earnings Per Share (EPS) (not annualized)

(a)

Before E x t r a o r d i n a r y Items
-Basic ( i n

Rs.)

-Diluted (in
(b)

Rs.)

0.52

0.50

0.56

1.02

1.15

1.39

0.52

0.50

0.56

1.02

1.15

1.39

0.52

0.50

0.56

1.02

1.15

1.39

0.52

0.50

0.56

1.02

LIS

1.39

After Extraordinary Items

-Basic ( i n

Rs.)

-Diluted (in

Rs.)

C in Lacs

PART II
Quarter Ended

PARTICULARS OF

Public Shareholding

30/Sep/15

30/Jun/15

Audited

Audited

30/Sep/15

30/Sep/14
Unaudited

30/Sep/l4

31/Mar/15

I'naudited

Audited

Audited

SHAREHOLDING

- N u m b e r o f shares

72,309,766

72,309,766

36,154,883

72,309,766

36,154,883

36,154,883

25.96%

25.96%

25.96%

25.96%

25.%%

25.%%

- Percentage o f shareholding
2

Year Ended

H a l f Year Ended

Promoters and Promoter G r o u p Shareholding

(a)

Pledged/Encumbered
Nil

Nil

Nil

Nil

Nil

Nil

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

206,272,260

- N u m b e r o f shares
- Percentage o f shares (as a % o f the total s h a r e h o l d i n g o f p r o m o t e r s
and p r o m o t e r g r o u p )
- Percentage o f shares (as a % o f the total share capital o f the
company)
(b)

Non-encumbered

- N u m b e r o f Shares

and p r o m o t e r g r o u p )

f.

206,272,260

103,136,130

206,272,260

103,136,130

103,136,130

100.00%

100.00%

100.00%

100.00%

100.00%

100.00%

Y<\74.04%

74.04%

74.04%

74.04%

74.04%

74.04%

f / ^ V

- Percentage o f shares (as a % o f the total s h a r e h o l d i n g o f p r o m a ^ r

''j'

- Percentage o f shares (as a % o f the total share capital o f t h / c o m p a n y )

s. ' . - ^ 1

Particulars

Q u a r t e r Ended
30/Sep/15

111*

1 * 'I*

V . V * 1' 1 1

1 * 1 *

Pending at the b e g i n n i n g o f the q u a r t e r

Nil

Received d u r i n g the quarter

Nil

Disposed o f f d u r i n g the quarter

Nil

R e m a i n i n g unresolved at the end o f the quarter

Nil

S E G M E N T - W I S E R E V E N U E , R E S U L T S A N D C A P I T A L E M P L O Y E D F O R T H E Q U A R T E R A N D H A L F Y E A R E N D E D 3 0 T H S E P T E M B E R 2015
A.

P r i m a r y Segment I n f o r m a t i o n
V i n Lacs
Quarter Ended

Particulars

S.No.

30/Sep/15

30/Jun/15

Audited

Audited

H a l f Year Ended

3d'Sep/14
Unaudited

Year Ended

3d S o p / 1 5

3(1 S o p ' ' 1 4

31/Mar/15

Audited

Unaudited

Audited

Segment Revenue:
Net Sales/Income f r o m each S e g m e n t :
Cinemas

3,135.81

2,922.79

(b)

Retail

5,618.31

5,126.03

(c)

Gold &

100,251.50

100,702.90

(d)

Corporate & Others ( U n a l l o c a b l e )

319.73

289.31

(a)

Jewellery

109325.35

Total
Less : Inter Segment Revenue
N e t Sales/Income f r o m
2

109,041.03

2,698.73

6,058.60

5,005.89

9,372.61

5,491.87

10,744.34

10,609.70

21,117.01

200,954.40

179,165.61

350,777.12

609.04

539.87

1,217.05

218,366.38

195321.07

382,483.79

84,784.72
274.01
93,249.33

Operations:

109325.35

109,041.03

93,249.33

218,366.38

195321.07

382,483.79

272.20

683.31

Segment Result:
Profit / (Loss) before interest and tax f r o m each Segment

(a)

Cinemas

(b)

Retail

(c)

Gold &

(d)

Corporate & Others ( U n a l l o c a b l e )

514.62

498.55

(125.16)

(227.81)

4,111.70

Jewellery

4,456.06

158.84
(197.09)

1,013.17
(352.97)

(257.66)

3.858.83

8,567.76

7,919.91

(16.76)
13,947.47

(637.87)

(1,436.95)

(1,250.60)

(2,650.95)

Total

3,743.66

4,047.35

3,182.71

7,791.01

6,683.85

11,963.07

Less : Interest ( N e t o f interest i n c o m e )

1,953.48

2.025.54

1,639.89

3.979.02

3,288.88

7,062.97

T o t a l Profit / (Loss) Before T a x

1,790.18

2,021.81

1,542.82

3,811.99

3394.97

4,900.10

8,903.05

Capital

(757.50)

(679.45)

Employed

(Segment Assets - Segment L i a b i l i t i e s )

(a)

Cinemas

8,783.61

9,272.61

8,915.11

8,783.6!

8,915,11

(b)

Retail

3,748.95

3,897.94

3,513.84

3,748.95

3.513.84

3,879.06

(c)

Gold &

70,427.62

66,804.89

55,240.86

70,427.62

55,240.86

66,332.70

(17,279.40)

(15,731.22)

(5,502.20)

(17,279.40)

(5,502.20)

(16,274.83)

65,680.78

64.244.22

62,167.61

65,680.78

62,167.61

62,839.98

Jewellery

( d ) C o r p o r a t e & Others ( U n a l l o c a b l e )
Total Capital Employed

li.

Secondary Segment I n f o r m a t i o n
V i n Lacs
H a l f Year Ended

Q u a r t e r Ended
Particulars

30/Sep/15

30/Jun/15

Audited

Audited

30/Sep/14
Unaudited

30/Sep/15
Audited

30/Sep/14
Unaudited

Year Ended
31/Mar/15
Audited

Segment Revenue
Net Sales/Income
- Within

India

- Outside India
Total

Revenue

85,949.00

103,120.77

68,873.77

189,069.77

148,405.77

23,376.35

5,920.26

24,375.56

29,296.61

46,915.30

325,839.16
56,644.63

109,325.35

109,041.03

93,249.33

218,366.38

195,321.07

382,483.79

155,408.23

150,142.90

133,187.60

155,408.23

133,187.60

138,463.34

21,390.04

13,282.37

26,991.12

21,390.04

S e g m e n t Assets
- Within

India

- Outside India
T o t a l Assets

26.991.12

23,161.65

176,798.27

163,425.27

160,178.72

176,798.27

160,178.72

161,624.99

100,034.76

97,956.37

98,011.11

100,034.76

98,011.11

98,778.15

11,082.73

1,224.68

111,117.49

99,181.05

98,011.11

98,785.01

Segment Liability
- Within

India

- Outside India
Total

Liability

6.86

11,082.73
98,011.11

111,117.49

Notes:
1

The above results for the quarter / half year ended 30th September 2015 were reviewed and recommended by the A u d i t Committee and approved by the Board o f
Directors at their respective meetings held on 10th October 2015.

The figures for the corresponding periods have been regrouped / rearranged / reclassified wherever necessary, to make them comparable

The Company has reported segment wise information as per A c c o u n t i n g Standard ( A S 17), i n terms o f Companies (Accounting Standards) Rules, 2006.

The subsidiary Company, SRS W o r l d w i d e (FZC) has incorpored an L L C w i t h the name SRS W o r l d w i d e General Trading L L C. in U A E .

On 6th August, 2015, the Board o f Direcors o f the Company has approved DPT-1 for acceptance o f Deposits from Public, Members and also under the Jewellery
Purchase Scheme.

The Company is in the process o f increasing its Investment in its subsidiary Company, SRS W o r l d w i d e (FZC) from 5,50,000 A E D to 1,00,00,000 AEDs.
S T A T E M E N T O F A S S E T S A N D L I A B I L I T I E S AS A T 3 0 T H S E P T E M B E R 2015
f in Lacs

As at
S.No.

30/Sep/15

Particulars

31/Mar/15

Audited
A

EQUITY AND

LIABILITIES

Shareholders' F u n d
(a) Share capital

27,858.20

13,929.10

(b) Reserves and Surplus

37,822.58

48,910.88

65,680.78

62,839.98

(a) Long-term borrowings

2,243.08

2,497.37

(b) Deferred tax liabilities (net)

1,545.25

1,594.04

4.46

28.73

S u b - t o t a l - S h a r e h o l d e r s ' funds
2

Non-Current liabilities

(c) Other long-term liabilities

212.44

186.72

4,005.23

4,306 86

(a) Short-term borrowings

64,011.56

57,354.08

(b) Trade payables

39,392.36

34,327.87

2,882.48

2,254.85

825.86

541.35

107,112.26

94,478.15

(d) Long-term provisions

Sub-total - Non-Current liabilities
3

Current liabilities

(c) Other current liabilities

(d) Short-term provisions
Sub-total - C u r r e n t liabilities
TOTAL - EQUITY AND
B

ASSETS

N o n - C u r r e n t assets

LIABILITIES

(a) Fixed assets

(b) Non-current investments
(c) Long-term loans and advances
(d) Other non-current assets
S u b - t o t a l - N o n - C u r r e n t assets
2

T O O

1 7

176,798.27

i / i / "> * on
161,624.99

22,803.08

23,389.06

92.96

92.96

1,437.23

1,297.92

48.71

43.91

24,381.98

24,823.85

C u r r e n t assets
(a) Current Investment
(b) Inventories
(c) Trade receivables
(d) Cash and bank balances
(e) Short-term loans and advances
(0 Other current assets
S u b - t o t a l - C u r r e n t assets
T O T A L - ASSETS

Place: F a r i d a b a d
D a t e : 10th O c t o b e r 2 0 1 5

155.00

180.00

37,322.90

35,784.80

100,243.56

88,570.25

11,486.42

9,662.24

2,990.61

2,448.77

217.80

155.08

152,416.29

136,801.14

176,798.27

161,624.99

SRS Limited
Regd. & Corporate O f f : SRS T o w e r , 3 r d Floor, Near M e t r o Station M e w l a M a h a r a j p u r , G.T. Road, F a r i d a b a d , N C R - D e l h i
Ph.#0129-4323100,

-121003

Fax.#0129-4323195

E-mail:info@srsparivar.com, Website- www.srsparivar.com, C I N - L74999HR2000PLC040183

S T A T E M E N T O F A U D I T E D C O N S O L I D A T E D F I N A N C I A L R E S U L T S F O R T H E Q U A R T E R A N D H A L F Y E A R E N D E D 3 0 T H S E P T E M B E R 2015

V in Lacs

PARTI
Quarter

ended

Half Year

Year ended

ended
Particulers

S.No.

30-Sep-15

30-Jun-15
Audited

INCOME

31-Mar-15

Audited

Audited

FROM OPERATIONS

Net Sales/Income from Operations

113,949.38

Total income from operations (net)

113,949.38

115,791.99
115,791.99

229,741.37

389,117.26

229 7 4 1 3 7

389,117.26

EXPENSES
( a ) Cost o f materials c o n s u m e d

31,209.00

29,210.37

60,419.37

130 307.77

( b ) Purchase o f stock-in-trade

77,309.22

77,964.07

155,273.29

238 379.15

(c) Changes i n inventories o f f i n i s h e d goods, w o r k in-progress and stock-in-trade

(3 955 9 2 )

( d ) E m p l o y e e benefits expense

(167 10)

(4,123.02)

( 8 . 192.39)

888.62

1,813.06

3 380.07

471.35

953.48

2 088.58

3,426.12

7,008.68

11 825.81

924.44

(e) D e p r e c i a t i o n and a m o r t i s a t i o n expense

482.13

( f ) O t h e r expenses

3,582 56

T o t a l expenses
3

30-Sep-15

P r o f i t f r o m Operations before O t h e r I n c o m e , Finance Costs and

109,551.43

111,793.43

221,344.86

377,488.99

4.397.95

3,998.56

8,396.51

11,628.27

Exceptional Items (1-2)

4

Other Income

(361.04)

P r o f i t f r o m o r d i n a r y a c t i v i t i e s b e f o r e f i n a n c e costs a n d e x c e p t i o n a l I t e m s ( 3 + 4 )

Finance Costs ( N e t o f interest i n c o m e )

P r o f i t f r o m o r d i n a r y a c t i v i t i e s a f t e r f i n a n c e costs b u t b e f o r e e x c e p t i o n a l I t e m s ( 5 - 6 )

Exceptional Items

Profit f r o m o r d i n a r y activities before tax (7-8)

10

T a x Expense

11

Net Profit f r o m o r d i n a r y activities after tax (9-10)

12

E x t r a o r d i n a r y I t e m (net o f tax expenses)

13

N e t P r o f i t f o r the p e r i o d (11-12)

14

Paid-up E q u i t y Share C a p i t a l (Face V a l u e o f Rs. 10/- each)

15

Reserve e x c l u d i n g Revaluation Reserves as per Balance Sheet o f Previous A c c o u n t i n g Y e a r

16

Earnings Per Share (EPS) (not annualized)

(a)

(b)

395.09

34.05

586.00
12414.27

4,036.91

4,393.65

8,430.56

1,954.06

2027.58

3,981.64

7,063.43

2,0X2.85

2,366.07

4,448.92

5,150.84

2,082.85

2366.07

4,448.92

5,150.84

353.62

617.57

971.19

1,018.71

1,729.23

1,748.50

3 477 73

4,132.13

1,729.23

1,748.50

3,477.73

4,132.13

27,858.20

27,858.20

27,858.20

13,929.10
49,164.24

Before E x t r a o r d i n a r y Items
-Basic ( i n Rs.)

0.62

0.63

1.25

1.48

- D i l u t e d ( i n Rs.)

0.62

0.63

1.25

1.48

-Basic ( i n Rs.)

0.62

0.63

1.25

1.48

-Diluted ( i n Rs.)

0.62

0.63

1.25

1.48

After Extraordinary Items

V in Lacs

PART I I
Quarter

Half Year

ended

Year ended

ended
30-Jun-15

30-Sep-15

Audited
A

PARTICULARS OF SHAREHOLDING

Public Shareholding
- N u m b e r o f shares
- Percentage o f shareholding

30-Sep-15

31-Mar-15

Audited

Audited

72,309,766

72,309,766

72,309,766

36,154,883

25.96%

25.96%

25.96%

25.96%

Promoters and Promoter G r o u p Shareholding

( a ) P I edged/ E n c u m b e r e d
Nil

Nil

Nil

Nil

- Percentage o f shares (as a % o f the t o t a l s h a r e h o l d i n g o f p r o m o t e r s and p r o m o t e r g r o u p )

0.00%

0.00%

0.00%

0.00%

- Percentage o f shares (as a% o f the t o t a l share c a p i t a l o f the c o m p a n y )

0.00%

0.00%

0.00%

0.00%

206,272,260

206,272,260

206,272,260

103,136,130

100.00%

100.00%

100.00%

100.00%

74.04%

74.04%

74.04%

74.04%

- N u m b e r o f shares

(b)

Non-encumbered
- N u m b e r o f Shares
- Percentage o f shares (as a% o f the total s h a r e h o l d i n g o f p r o m o t e r and p r o m o t e r
- Percentage o f shares (as a % o f the t o t a l share c a p i t a l o f the c o m p a n y )

/ c

N.
'3

Quarter Ended

Particulars

30/Sep/15
B

INVESTOR COMPLAINTS
Pending at the b e g i n n i n g o f the quarter

Nil

Received d u r i n g the quarter

Nil

Disposed o f f d u r i n g the quarter

Nil

R e m a i n i n g unresolved at the end o f the quarter

Nil

S E G M E N T - W I S E R E V E N U E , R E S U L T S A N D C A P I T A L E M P L O Y E D F O R T H E Q U A R T E R A N D H A L F Y E A R E N D E D 3 0 T H S E P T E M B E R 2015
A.

P r i m a r y Segment I n f o r m a t i o n
7 i n Lacs
Quarter

Half Year

ended

Year ended

ended
Particulars

S.No.

30-Sep-15

30-Jun-15
Audited

30-Sep-15

31-Mar-15

Audited

Audited

Segment Revenue:
Net Sales/Income f r o m each Segment:
(a) Cinemas
( b ) Retail
( c ) G o l d & Jewellery
( d ) Corporate & Others ( U n a l l o c a b l e )
Total

3,135.81

2,922.79

6,058.60

9,372.61

10,242.34

11,876.99

22,119.33

27,750.48

100,251.50

100,702.90

200,954.40

350,777.12

319.73

289.31

609.04

1,217.05

113,949.38

115,791.99

229,741.37

389,117.26

113,949.38

115,791.99

229,741.37

389,117.26

683.31

1 t*cc Intf*f" ^t/^trttipnt R P V P T I I I P

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Net Sales/Income f r o m O p e r a t i o n s :
2

Segment Result:
P r o f i t / (Loss) before interest and tax f r o m each Segment
(a) Cinemas

514.62

498.55

1,013.17

( b ) Retail

168.09

118.49

286.58

234.44

4,111.70

4456.06

8,567.76

13,947.47

(679.45)

(1,436.95)

(2,650.95)

( c ) G o l d & Jewellery
( d ) Corporate & Others ( U n a l l o c a b l e )

(757.50)
4,036.91

4,393.65

8,430.56

12,214.27

1,954.06

2,027.58

3,981.64

7,063.43

2,082.85

2,366.07

4,448.92

5,150.84

(a) Cinemas

8,783.61

9,272.61

8,783.61

8,903.05

( b ) Retail

4,656.12

4,500.20

4,656.12

4,227.66

Total
3

Less : Interest ( N e t o f interest i n c o m e )

Total Profit / (Loss) Before T a x

Capital Employed
(Segment Assets - Segment L i a b i l i t i e s )

( c ) G o l d & Jewellery
( d ) Corporate & Others ( U n a l l o c a b l e )
Total Capital Employed

It.

70,427.62

66,804.89

70,427.62

66,332.70

(17,279.40)

(15,731.22)

(17,279.40)

(16,370.07)

66,587.95

63,093.34

66,587.95

64,846.48

Secondary Segment I n f o r m a t i o n
? in Lacs
Quarter

Half Year

ended

Year ended

ended
Particulars

30-Sep-15

30-Jun-15
Audited

Segment
Net

Total

30-Sep-15

31-Mar-15

Audited

Audited

Revenue

Sales/Income

- W i t h i n India

85,949.00

103,120.77

189,069.77

- Outside India

28,000.38

12,671.22

40,671.60

63,278.10

113,949.38

115,791.99

229,741.37

389,117.26

138,463.34

Revenue

325,839.16

Segment Assets
- W i t h i n India

155,408 23

150,049.94

155,408.23

- Outside India

22,348.84

18,453.07

22,348.84

23,650.17

T o t a l Assets
Segment

177,757.07

168,503.01

177,757.07

162,113.51

100,034.76

97,956.36

100,034.76

98,778.15

11,134.36

5,700.17

11,134.36

242.02

111,169.12

99,020.17

Liability

- W i t h i n India
- Outside India
Total Liability

111,169.12

103,656.53

The above results for the quarter / half year ended 30th September 2015 were reviewed and recommended by the Audit Committee and approved by the
Board of Directors at their respective meetings held on 10th October 2015.

Comparative figures of the corresponding quarter and half year ended 30th September 2014 were not compiled hence not presented The figures for the
corresponding year have been regrouped / rearranged / reclassified wherever necessary, to make them comparable.

The Company has reported segment wise information as per Accounting Standard (AS 17), in terms of Companies (Accounting Standards) Rules, 2006.

The subsidiary Company, SRS Worldwide (FZC) has incorpored an LLC with the name SRS Worldwide General Trading L L C . in UAE.

On 6th August, 2015, the Board of Direcors of the Company has approved DPT-1 for acceptance of Deposits from Public, Members and also under the
Jewellery Purchase Scheme.

The Company is in the process of increasing its Investment in its subsidiary Company, SRS Worldwide (FZC) from 5,50,000 AED to 1,00,00,000 AEDs.
STATEMENT OF ASSETS AND L I A B I L I T I E S AS A T 30TH S E P T E M B E R 2015
t i n Lacs

As at year ended
30/Sep/15

Particulars

S. No.

31/Mar/15
Audited

EQUITY AND L I A B I L I T I E S
Shareholders' Fund
(a) Share capital

27,858.20

13,929.10

(b) Reserves and Surplus

38,729.75

49,164.24

66,587.95

63,093.34

(a) Long-term borrowings

2,280.26

2,497.37

(b) Deferred tax liabilities (net)

1,545.25

1,594.04

Sub-total - Shareholders' funds

2

Non-Current liabilities

(c) Other long-term liabilities

4.40

186.72

4,042.41

4,306.86

(a) Short-term borrowings

64,011.56

57,354.08

(b) Trade payables

39,392.36

34,555.91

2,896.93

2,261.97

825.86

541.35

Sub-total - Current liabilities

107,126.71

94,713.31

T O T A L - EQUITY AND L I A B I L I T I E S

177,757.07

162,113.51

22,872.59

23,391.78

1,437.23

1,297.92

48.71

43.91

Sub-total - Non-Current liabilities

Current liabilities

(c) Other current liabilities

(d) Short-term provisions

ASSETS

Non-Current assets
(a) Fixed assets
(b) Long-term loans and advances
(c) Other non-current assets
Sub-total - Non-Current assets

45. f J

212.44

(d) Long-term provisions

At.

C -7 *\ A A O

24,358.53

24,733.61

155.00

180.00

37,727.14

35,912.40

100,243.56

88,956.50

12,047.95

9,665.79

3,007.09

2,510.13

Current assets
(a) Current Investment
(b) Inventories
(c) Trade receivables
(d) Cash and bank balances
(e) Short-term loans and advances
(f) Other current assets
Sub-total - Current assets
T O T A L - ASSETS

Place: F a r i d a b a d
D a t e : 1 0 t h O c t o b e r 2015

217.80

155.08

153,398.54

137,379.90

177,757.07

162,113.51

To
The Board of Directors
SRS Limited

AUDITORS' REPORT ON QUARTERLY FINANCIAL RESULTS AND HALF YEAR END FINANCIAL
RESULTS OF SRS Limited
We have audited the quarterly financial results for the quarter ended 30th September,2015 and
the financial results for the half year ended 30th September,2015 of SRS Limitedf'the
company'),attached herewith, being submitted by the company pursuant to the requirement of
clause 41 of the Listing Agreement except for the disclosures regarding 'Public Shareholding'
and 'Promoter and Promoter Group Shareholding' which have been traced from disclosures
made by the management and have not been audited by us. These quarterly financial results as
well as the financial results for the half year have been prepared on the basis of the interim
financial statements, which are the responsibility of the company's management. Our
responsibility is to express an opinion on these financial results based on our audit of such interim
financial statements, which have been prepared in accordance with the recognition and
measurement principles laid down in Accounting Standard (AS) 25, 'Interim Financial Reporting'
specified under Section 133 of the Companies Act, 2013 ('the Act'), read with Rule 7 of the
Companies (Accounts) Rules, 2014 and other accounting principles generally accepted in India.
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 the amounts disclosed as financial results. An audit also includes
assessing the accounting principles used and significant estimates made by management. We
believe that our 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 financial results for the half year:
i.
ii.

are presented in accordance with the requirements of clause 41 of the Listing Agreement
in this regard; and
give a true and fair view of the net profit and other financial information for the quarter
and half year ended 30.09.2015

Further, we also report that we have, on the basis of the books of account and other records and
information and explanations given to us by the management, also verified the number of shares
as well as percentage of shareholdings in respect of aggregate amount of public shareholdings,
as furnished by the company in terms of clause 35 of the Listing Agreement and found the same
to be correct.
For S.S. Kothari Mehta & Co.
Chartered Accountants ^rrsnBirv

Place: Faridabad

For Rakesh Raj & Associates

Chartered Accountants

Place: Faridabad

To

The Board of Directors

SRS Limited

AUDITORS' REPORT ON QUARTERLY CONSOLIDATED FINANCIAL

CONSOLIDATED HALF YEAR END FINANCIAL RESULTS OF SRS Limited.

RESULTS

AND

We have audited the quarterly consolidated financial results for the quarter ended 30 t h
September,2015 and the consolidated financial results for the half year ended 30 t h
September,2015 of SRS Limited('the company'),attached herewith, being submitted by the
company pursuant to the requirement of clause 41 of the Listing Agreement except for the
disclosures
regarding
'Public
Shareholding' and 'Promoter
and
Promoter Group
Shareholding' which have been traced from disclosures made by the management and have
not been audited by us. These consolidated quarterly financial results as well as the consolidated
financial results for the half year have been prepared on the basis of the consolidated interim
financial statements, which are the responsibility of the company's management. Our
responsibility is to express an opinion on these consolidated financial results based on our audit
of such consolidated interim financial statements, which have been prepared in accordance with
the recognition and measurement principles laid down in Accounting Standard (AS) 25, 'Interim
Financial Reporting' specified under Section 133 of the Companies Act, 2013 ('the Act'), read with
Rule 7 of the Companies (Accounts) Rules, 2014 and other accounting principles generally
accepted in India.
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 the amounts disclosed as financial results. An audit also includes
assessing the accounting principles used and significant estimates made by management. We
believe that our audit provides a reasonable basis for our opinion.
We did not audit the financial statements of one subsidiary included in the consolidated quarterly
financial results and consolidated half year end results, whose interim financial statements reflect
total assets of Rs.1,054.04 Lacs as at 30.09.2015, as well as total revenue of Rs.4,624.03 Lacs and
Rs.11,374.99 Lacs, respectively for the quarter and half year ended 30.09.2015. These interim
financial statements and other financial information have been prepared & converted into IGAAP
by the management and have been furnished to us and our opinion on the quarterly consolidated
financial results and half year end consolidated financial results, to the extent they have been
derived from such interim financial statements is based solely on the financials furnished by the
management.
In our opinion and to the best of our information and according to the explanations given to us
these consolidated quarterly financial results as well as the consolidated financial results for the
half yean
i.

include the quarterly financial results and half year end financial results of the following
entity:

SRS Worldwide (FZC);

ii.
iii.

have been presented in accordance with the requirements of clause 41 of the Listing
Agreement in this regard; and
give a true and fair view of the consolidated net profit and other financial information for
the quarter and half year ended 30.09.2015.

Further, we also report that we have, on the basis of the books of account and other records and
information and explanations given to us by the management, also verified the number of shares
as well as percentage of shareholdings in respect of aggregate amount of public shareholdings,
as furnished by the company in terms of clause 35 of the Listing Agreement and found the same
to be correct.
For S.S. Kothari Mehta & Co.
Chartered Accountants

For Rakesh Raj & Associates

Chartered Accountants

Place: Faridabad
Date: 10 t h October'2015

Place: Faridabad
Date: 10 t h October'2015