LIMITED DUNEMERCANTILE

38000e
A-50:rY,.,,t*1,4p,+#
orncecorp
}i'iffi:iLtlrrredabad
;il;iUi
SPI,EDPOST AND FAX

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BSE t,IN,IITb,D,
C1OLISTINGCOMPLIANCE.
TOWERS
JEEJT|EBHOY
PFIIROZE

Date:30'05'2016

DALAL S'I'REET
h/rrMBAI-+0()001
DeaLSil I Madam.
hekl on 30'052016
of lloarclN4eeting
Sub: OutcoLne
Ltd ScripCode-5397116
Ref': l)unelV{etcantile
Witlrlclerencetoll.egliations3ofsliBl(l'isringObligationandDisck'sureReqriirements)
here*ithas rnder:
ri'eaic sr':bntittittg
ilegularion.2015
(Anreiicltrent)
31 03'2016
Yearlyl'inancialResuhsli:r theQuarler"Year endedon
1. Quarrerly/
b'vM/s I{emantC Parikh& Co'
2. Audil repofl lor ut,modifiedopinionobtair.red
givenby the Company'
3. Declaration
Kindl-vrakeaboveot.tyour o\ 11
-lhankingYou.

For, l)une Me

1r+",
Hadshkuntar
M*nagingD

DIN:07485890

HemsntCPorikh& Co.,

\-/

Charteredaccountants
B.com.,FCA

Apartment,
Block-A,3-Ravjibhai
Nr.Pallavi
Tower,
Flats,
Opp.Kanan
Firestation,
Opp.Memnagar
Navrangpura,
Ahmedabad-380009
e82s838529
{M}

Auditor's Reporton QuarterlyFinancialResultsand Year to Date Resultsof the Company

Pursuanr
to the Regulation33 ofthe SEBI (ListingObligationsand DisclosureRequirements)
Rcgulations.2015
To
Board of Directorsof
Dune MercantileLimited
l.

We have auditedthe quarterlyfinancialresultsof M/s Dune Mercantile Limited ('the

company')for the quarterendedMarch 31, 2016, and the year ended March 31. 2016,
attached herewith, being subrnitted by the company pursuant to the requirement of
Regulations,
Regulation33 of the SEBI (Listing Obligationsand DisclosureRequirements)
2015.Thesequarterlyfinancialresultsaswell asthe yearto datefinancialresultshavebeen
ofthe
u'l.richarethe responsibility
preparedon the basisof tl.reinterimfinancialstatements,
financial
on
these
Our responsibilityis to expressan opinion
company'smanagernent.
which havebeenpreparedin
resultsbasedon our audit of suchinteli:nfinancialstatements,
principles laid down in Accounting
with the recognitionand measurement
accordance
Reporting(AS 25), prescribed,undet Section 133 of the
Standardfor Interitn FirTarrcial
companiesAct, 2013 read with relevantrules issuedthereunder;or by the lnstituteof
CharteredAccountantsof lndia, as applicableand othef accountingprinciplesgenerally
in India.
accepted

2.

with tlre auditingstandardsgenerallyacceptedin

We conductedour audii in accordance
India. Those standardsrequirethat we plan and performthe audit to obtain reasouable
An audit
aboutwhetherthe financialr'esultsare free of rnaterialmisstatement(s).
assurance
as
financial
disclosed
includesexamining,ou a test basis,evidencesuppodingthe amounts
the accountingprinciples r'tsedand significani
results.An audit also includesassessing

We believethat
madeby management.
estimates
ouropinion.

basislor
a reasonable

3.

ln our opinion and to the best of oul. information and according to the explanations given to

us thesequarterlyfinancial resultsaswell asthe yearto dateresults:

(i)

of Regulation33 of the SEBI

with the requirements
in accordance
arepresented
Regulations,2015 in this
(Listing Obligationsand DisclosureRequirements)
regard;and

(iD

give a true and fair view of the net profit and other financial information for the
quarterendedMaroh31,2016aswell asthe yearendedMarch 31,2016

For. HemantC. Parikh & Co.

CharteredAccountants

-*-f*;u,
Date:30.05.2016
Place:Ahmedabad

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P}lroze .leejeebho.vo*'ers'

DCS

Dalal Stlect.Fort.
Mumbai - 400 001
l)eal Sir/Madam

regaldsto SEi:!i
Il/5611016 dated27u'N4o'' 2016 with
to Circularm';' CIR''L'l"DlCN'l
PLrrslrant
201b rve hereby
{Anrer;dncnt)Regulatii)r'}'
nitttot''i;;;;"it;;:";t'
nnd
obligation
it.isting
Sr.,r'tort Autlitolsof the compairv'
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ilffi
h a v c i s s u e d a n n u c l t r p o l ' l \ Y i l h r r m o d i f i c c l2016'
c-'piniononstandaloncltinancialLesuitsolth
1'' Malcli'
I
eucled
Yca'
;nd
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6t
Quarter
;;;;p;,D'
l(irrJhlakcnoteof thesantr'
'l

hanking You

['or, l)une Merc:rn

h?n*'j,
Hlrishkumrrt'
Mnnlging

])IN: 07485890

General information about company

Scrip code

539786

Name of company

Dune Mercantile Limited

Result Type

Main Format

Class of security

Equity

Date of start of financial year

01-04-2015

Date of end of financial year

31-03-2016

Date of board meeting when results were approved

30-05-2016

Date on which prior intimation of the meeting for considering financial results was informed to the exchange

24-05-2016

Description of presentation currency

INR

Level of rounding used in financial results

Lakhs

Reporting Quarter

Yearly

Nature of report standalone or consolidated

Standalone

Whether results are audited or unaudited

Audited

Segment Reporting

Single segment

Description of single segment

Trading of Textile

Quarterly & Half Yearly Financial Result by Companies Other than Banks

Particulars

3 months
ended (ddmm-yyyy)

Previous 3
months ended
(dd-mmyyyy)

Corresponding 3
months ended in the
previous year (ddmm-yyyy)

Year to date
figures for
current period
ended (dd-mmyyyy)

Year to date
figures for
previous period
ended (dd-mmyyyy)

Previous
accounting
year ended
(dd-mm-yyyy)

Date of start of
reporting period

01-01-2016

01-10-2015

01-01-2015

01-04-2015

01-04-2014

01-04-2014

Date of end of
reporting period

31-03-2016

31-12-2015

31-03-2015

31-03-2016

31-03-2015

31-03-2015

Whether results are

audited or
unaudited

Audited

Unaudited

Unaudited

Audited

Audited

Audited

Nature of report
standalone or
consolidated

Standalone

Standalone

Standalone

Standalone

Standalone

Standalone

Part I
1

Revenue From Operations

Net sales or
Revenue from
Operations

28.94

70.71

92.62

175.08

286.13

286.13

Other operating
revenues

10.22

5.37

15.42

18.76

23.01

23.01

Total Revenue
from operations
(net)
2

39.16

76.08

108.04

193.84

309.14

309.14

Expenses

(a)

Cost of materials
consumed

(b)

Purchases of stockin-trade

46.76

25.51

144.72

226.06

202.29

202.29

(c)

Changes in
inventories of
finished goods,
work-in-progress
and stock-in-trade

-23.07

33.34

-45.91

-72.33

82.16

82.16

(d)

Employee benefit
expense

-0.82

0.93

0.64

1.67

2.15

2.15

(e)

Depreciation and
amortisation
expense

0.13

0.13

0.13

0.13

0.13

(f)

Other Expenses

Other expenses

7.38

24.02

7.66

33.63

14.13

14.13

Total other
expenses

7.38

24.02

7.66

33.63

14.13

14.13

Total expenses

30.38

83.8

107.24

189.16

300.86

300.86

Quarterly & Half Yearly Financial Result by Companies Other than Banks

Particulars

3 months
ended (ddmm-yyyy)

Previous 3
months ended
(dd-mmyyyy)

Corresponding 3
months ended in
the previous year
(dd-mm-yyyy)

Year to date
figures for
current period
ended (dd-mmyyyy)

Year to date
figures for
previous period
ended (dd-mmyyyy)

Previous
accounting
year ended
(dd-mm-yyyy)

Date of start of
reporting period

01-01-2016

01-10-2015

01-01-2015

01-04-2015

01-04-2014

01-04-2014

Date of end of
reporting period

31-03-2016

31-12-2015

31-03-2015

31-03-2016

31-03-2015

31-03-2015

Whether results are

audited or unaudited

Audited

Unaudited

Unaudited

Audited

Audited

Audited

Nature of report
standalone or
consolidated

Standalone

Standalone

Standalone

Standalone

Standalone

Standalone

Part I

Profit (loss) from

operations before
other income,
finance costs and
exceptional items
Other income
Profit (loss) from
ordinary activates
before finance costs
and exceptional
items
Finance costs
Profit (loss) from
ordinary activities
after finance costs
but before
exceptional items

8.78

-7.72

0.8

4.68

8.28

8.28

8.78

-7.72

0.8

4.68

8.28

8.28

0.003

0.03

0.01

0.01

8.777

-7.72

0.8

4.65

8.27

8.27

Prior period items

before tax

Exceptional items

8.777

-7.72

0.8

4.65

8.27

8.27

1.75

-2.32

0.01

1.4

2.48

2.48

7.027

-5.4

0.79

3.25

5.79

5.79

7.027

-5.4

0.79

3.25

5.79

5.79

10
11
12
13

14

15

Profit (loss) from

ordinary activities
before tax
Tax Expense
Net profit (loss)
from ordinary
activities after tax
Extraordinary items
Net Profit Loss for
the period from
continuing
operations
Profit (loss) from
discontinuing

operations before tax

16

Tax expense of
discontinuing
operations

17

Net profit (loss)

from discontinuing
operation after tax

18

Profit (loss) for

period before
minority interest

7.027

-5.4

0.79

3.25

5.79

5.79

21

Net Profit (loss)

after taxes minority
interest and share of
profit (loss) of
associates

7.027

-5.4

0.79

3.25

5.79

5.79

Quarterly & Half Yearly Financial Result by Companies Other than Banks

Particulars

3 months
ended (ddmm-yyyy)

Previous 3
months ended
(dd-mmyyyy)

Corresponding 3
months ended in the
previous year (ddmm-yyyy)

Year to date
figures for
current period
ended (dd-mmyyyy)

Year to date
figures for
previous period
ended (dd-mmyyyy)

Previous
accounting
year ended
(dd-mm-yyyy)

Date of start of
reporting period

01-01-2016

01-10-2015

01-01-2015

01-04-2015

01-04-2014

01-04-2014

Date of end of
reporting period

31-03-2016

31-12-2015

31-03-2015

31-03-2016

31-03-2015

31-03-2015

Whether results
are audited or
unaudited

Audited

Unaudited

Unaudited

Audited

Audited

Audited

Nature of report
standalone or
consolidated

Standalone

Standalone

Standalone

Standalone

Standalone

Standalone

Part I
22

Details of equity share capital

Paid-up equity
share capital

500

500

500

500

500

500

Face value of
equity share
capital

10

10

10

10

10

10

9.4

9.4

6.13

6.13

Basic earnings
per share before
extraordinary
items

0.174

-0.108

0.016

0.065

0.116

0.116

Diluted earnings
per share before
extraordinary
items

0.174

-0.108

0.016

0.065

0.116

0.116

23

Details of debt securities

24

Reserves
excluding
revaluation
reserve

26

Earnings per share

ii

Earnings per
share before
extraordinary
items

Earnings per share after extraordinary items

Basic earnings
per share after
extraordinary
items

0.174

-0.108

0.016

0.065

0.116

0.116

Diluted earnings
per share after
extraordinary
items

0.174

-0.108

0.016

0.065

0.116

0.116

30

Disclosure of
notes on
financial results

Textual Information(1)

Text Block
1. The above financial results were reviewed by audit committe and approved by the Board of
Directors in their meeting held on 30.05.2016
2. The statutory auditor has carried out a limited review on financial results for the quarter ended
march 31.03.2016
3. Figures for the previous year/ Quarter have been re-grouped / Re-arranged , wherever necessary.
Textual Information(1)

4. During the quarter, no Complaints were receved from the investors. There was no complaint
pending at the beginnig and at the end of the quarter.
5. The Company operates in a single segment.There is no other segment of the Company as per
Accounting Standard-17 issued by ICAI, So segment report is not presented.
6. The figures for the quarter ended 31st March are the balancing figure between figures in respect of
full Financial Year and the published year to date figures upto 31st Decmber.

Statement of Asset and Liabilities

Current year ended (dd-mmyyyy)

Previous year ended (dd-mmyyyy)

Date of start of reporting period

01-04-2015

01-04-2014

Date of end of reporting period

31-03-2016

31-03-2015

Audited

Audited

Standalone

Standalone

Particulars

Whether results are audited or unaudited

Nature of report standalone or consolidated
Equity and liabilities
1

Shareholders' funds
Share capital

500

500

Reserves and surplus

9.4

6.13

509.4

506.13

39.9

169.49

1.98

3.23

Total current liabilities

41.88

172.72

Total equity and liabilities

551.28

678.85

0.13

0.25

Money received against share warrants

Total shareholders' funds
2

Share application money pending allotment

Deferred government grants

Non-current liabilities
Long-term borrowings
Deferred tax liabilities (net)
Foreign currency monetary item translation difference liability
account
Other long-term liabilities
Long-term provisions
Total non-current liabilities

Current liabilities
Short-term borrowings
Trade payables
Other current liabilities
Short-term provisions

Assets
1

Non-current assets

(i)

Fixed assets
Tangible assets
Producing properties

Intangible assets

0.13

0.25

Preproducing properties
Tangible assets capital work-in-progress
Intangible assets under development or work-in-progress
Total fixed assets

Statement of Asset and Liabilities

Current year ended (dd-mmyyyy)

Previous year ended (dd-mmyyyy)

Date of start of reporting period

01-04-2015

01-04-2014

Date of end of reporting period

31-03-2016

31-03-2015

Audited

Audited

Standalone

Standalone

Particulars

Whether results are audited or unaudited

Nature of report standalone or consolidated
(ii)

Non-current investments

(v)

Deferred tax assets (net)

(vi)

Foreign currency monetary item translation difference asset

account

(vii)

Long-term loans and advances

145.27

(viii)

Other non-current assets

1.56

1.89

146.96

2.14

198.32

125.99

Trade receivables

95.24

265.12

Cash and bank balances

15.65

Short-term loans and advances

95.11

278.6

Total non-current assets

Current assets
Current investments
Inventories

Other current assets

0
Total current assets

404.32

676.71

Total assets

551.28

678.85

Disclosure of notes on assets and liabilities