Frontier Springs Ltd.

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. OFFICE & FACTORY: KM 25/4, KALPI ROAD, RANIA, KANPUR OEHAT - 209304 U.P. (INDIA)
Tale Office: +91-5111-240212, 240213. Fax: +91-5111-240214

amail: info@frontiersprings.co.in Website: http:/twww.frontiersprings.co.in

CIN No. : L17119UP1981PLC005212

July 25, 2016.

Mr. Wilbur Fernandes

Bombay Stock Exchange Limited
Listing Department
Floor 25, PJ Towers, Dalal Street,
Mumbai - 400001.
Dear Sir,

Subject: Disclosure o(the impact ofAudit Oualifications bv listed entities

With reference to Notification No. SEBIILAD-NRO/GN/2016-17/001 dated May 25, 2016
and Circular No : CLR/CFD/CMD/56/2016 dated May 27 , 2016 issued by Securities & Exchange
Board of India enclosed herewith is "Statement on Impact of Audit Qualifications"
You are requested to take on record the same.
Thanking you.

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SERVING THE NAT10N SINCE 1980

..

er

REGD. OFFICE & FACTORY: KM 2514. KALPI ROAD. RANIA. KANPUR DEHAT - 209 304 U.P. (INDIA)

TeleOffice : +91-5111-240212, 240213. Fax: +91-5111-240214

e-mail: info@frontiersprings.co.in Website: http://wtNw.frontiersprings.co.in

CIN No.: L17119UP1981PLCOOSa12

ANNEXURE I
Statement on Impact of Audit Qualifications (for audit report with modified opinion)
submitted along-with Annual Audited Financial Results - (Standalone and
Consolidated separateh{)

I.

51.
No.

Particu
lars
Turnover / Total income

2.
3.

adjusting for

411622209

411622209

406542904

406542904

5079305

Net

1.29

4.

Adjusted Figures
(audited figures after
adjusting for

5079305
1.29

5.

Total Assets

524854389

524854389

6.

Total Liabilities

524854389

524854389

7.

Net Worth
Any other financial item(s) (as felt appropriate by
the

240151699

240151699

8.

a.

Details of Audit Qualification:

b. Type of Audit Qualification: Qualified ..... 1 Subject to.! Exceptfor

1)

Balance of sundry debtors, sundry creditors and sundry advances are subject to confirmation
from .respective parties.

2)

Inventory of !inished goods are valued at net realisable value. (As per Note no. J of significant accounting
policies). Value of Raw Materials, Stores & Spares and packing material are ascertained at cost on FIFO
basis, Work in Process is valued at conversion cost exclusive of excise duty, as per AS -2, however Finished
goods are valued at net realisable value, which is not as per AS-2, this method of valuation is being
consistently followed in earlier years.

c.

Frequency of qualification: Whether appeared first time / repetitive / since how long continuing

1)

The above stated qualification no.ii (b)(i) & I/(b)(2) is appearing since preceding years This method is
being consistently being followed in preceding years as supply to railways is on tender basis.

Frontier Springs Ltd.

kJ:;J~

SERVING THE NATION SINCE 1980

F
REGD. OFFICE & FACTORY: KM 25/4, KALPI ROAD, RANIA, KANPUR DEHAT - 209 304 U.P. (INDIA)
.. T~le Office: +91-5111-240212, 240213. Fax: +91-5111-240214
e-mail: info@frontiersprings.co.in Website: http://www.frontiersprings.co.in
CIN No. : L17119UP1981PLCOO6212

d.

For Audit Qualification(s) where the impact is quantified by the auditor, Management's Views

e.

For Audit Qualification(s) where the impact is not quantified by the auditor:

(i) Management's estimation on the impact of audit qualification:

N 11

(ii) If management is unable to estimate the impact, reasons for the same:

(iii) Auditors' Comments on (i) or (ii) above:

III.

Signatories:
Managing Director

CFO

Audit Committee Chairman

SERVING THE NATION SiNCE 1980