TO THE MEMBER OF

SILVER OAK (INDIA) LIMITED

Repot on the Financial Statements

)imited ('the Companv")'

we have audited the accompanying financial statements of Silver oak ( inclia )
Loss, the cash
*hi.h .o-prir" the Balance Sheei "" at 31st N{arch, 2016, the Statement of l)rofit and
and othct
po)icies
accounting
Florv Statement fbr the year then ended and a summary of the signiFrcant
exphnatorl tnformarion.

Management's Responsibility for the FinancialStatements

stated in Section 134(5) of thc
T1.,. C-ompany,s Board of Di.eJtor. is responsible for the mattcts
-o,rrp^ni"l Act,2013 ('the Act") rvith respect to the pteparation of these Ftnancial statements th^t gi'e 2
cash flows of thc Conpanv tn
true and far view of the financial position, financiai performance and
including the Accounting Standards
acc.Ldance rvith the accountirrg prirriipl., gor.."lly ^..ept.d in Indta,
Companies ('\ccounts) llulcs, 201'1'
specified under Section tal Jf't6e A.t, i.rd rvith Ruie 7 of the
-l:6i. ."rpor-tribiiitv also inclucles maintenancc of adequate accounting recotds in accordancc rvith thc
rnd fot plct'crlung rnd^detecdng fr:auds
pr,).r,isi rns of the Act for safeguarding the assets of the company
meking i.dgments
p'
and other irregularities; ..1".t]n.r anj applic^tion of apprcrpitate rccouudng 'llcics;
of adcquatc
maintenancc
and
ancl cstimates that are rcasonabl" ond pr.rd"nt; ar-td d"tigtt, implementation
the accutacy and comPletcness o[
rntcrnal tinancial conrrols, t6nt ru"r. op.r^ting effectively for ensuring
of the financial statements drat give a
thc accounting records, relevant to th" p."po.iaion and presentation
fLaud .t: ettot'
tru. and fair.Ierv and are lree from maicrtal misstatement, rvhether due to

Auditor ResPonsibilitY
our responsibiliw is to express

an opinion on these financial statements based ot.t our ar"rdit'

and auditing standarcls and trratters

N-e hale taken rnto account the provisions of the Act, the accounting
the llules n-radc
to be included in the audit lepoft under the ptovisions of the ,'\ct and

which are required

thcrcunder.

uncler Scctjon 143(10) ot

wc conducted.ur audrt rn accordance rvirh the Standards on Auditrng specihcd
.fhose
and plan and pcrform thr:
Standards require that we complv rvith ethical rccluirements
tl.rc .\ct.
arc frce from material
luclit to obtain rcasonabl" ^r.rrn.r." about wiether thc financial statemcnts
mlsstatcment.

disclosures

the
in'ol'es perfolming procedures to obtain audit evidence about the ^n]ortnts and
inchidir.rs thc
in the hnancial stntements. The ptocedures selected depend on the auclitol's ii.rdgr,rcnt,
oI effot'

11

audit

due to fraud
of the risks of matethl misstatement of the Flnancial statements, u'hether
lelc\-2nt to thc
In rnaking those rrsk assessments, the auditot consiclets internal FLnancial control
r.icrv in ordcr to desrgn audit
preparation of the financial statements that gi'e a true and fair
|;;;),t
for,the p"tl"'"
procedures that ate approprlate in the citcumstances, buflot
:i:ttl:-"-:t:i9:::1T:,:ll
over financial teportinq
itheth.r the C.rrrlponl: hm in place an aclequate ilternal .-hnancial controls svstem
evaluatrng
rnd the operating effectl'eness of.r..h .ont'nl' An audit also includes
": ltt:,:tt$
by th/refuUti
made
estimates
,h" o..on.ttirrg p"oLi.i.. ,lr.d and the teasonableness of the accouuting
as c'aluating the overall presentation of the financi^l
Dir..to..,

assessrTrent

"r.i,il

strtemcnt'

ftn:j

\\

l2l

Opinion
In our opir.rior.r and to the best of our information and accotding to thc cxplanations gir.en to us, thc

:rtr:,rcsaid finaltcial statcmcnts grve the ir.rformation requiled bt' 51r" t a,

in the mannct so requiled and gilc

:r nlrc and fair r-ies' ir conformin' rvith thc ,rccoundng pdnciplcs generallt' acccptcd in India, of thc statc
oi at-tairs of tl.re Companv as at 31st Nlarch, 201(r, and its profit and loss ancl its cash florvs for tirc vcar
endcd on that date.

Rcport on Other Legal and Regulatory Requirements

l. -\s required br,thc Companies (Auditor's Repott) Order,2016 ("the ()r'cler") issued b,r, the Ccr.ttr:al
(]ovcrnment of India in ter-ms if sub-scction (11) of secuon 1.13 of the Act, rvc !'ivc in thc
-\nncrurc,\, l statcmcnr or the rnattcr specihcd in the paragraph 3 ancl .J of tl.rr: (Jrdcr, to thc
csrcrtr applicr blc

". \.

rcquired bv Scction

lll(.1)

oF rhe

.\ct. iuc ,ep.,rr rh^t,

(a) \Wc har.e sought and obtained all the information and explnn^tions rvhich to thc bcst
knorvlcdgc and beLief rvere necessarJ for the purposes of our auclit.

(b) In our opinion, proper books of account as reqr.rited b1, lalv

fat as it anncars ftom <lur examinetion of those books.

h21.s bccn

of

our:

kcpt by the Oompant'

srr

(c) 'Il.re Balar.rcc Shcct, thc Statcmcr.rt of Profrt and J.()ss, ar.rcl thc Cash Irlol' Statemct.tt clcalt rvith bv
this licport arc ir.t aglcctncnt rvitl.r thc books o[ account.
(d)

opinion, the aforcsaid financial statements cornplv with thc Accounting Standards
read rvith ltule 7 of the Companies (r\ccounts) I{ules,
specified undcr Section 133 of thc

In our
2014.

'\ct,

(c) On the basis of thc rvritten reprcsentations receir-ecl frorn the directols ls on 31st Niar:ch,2016
talicn on reco,-d bv the Board of Dircctors, none of the dilcctors is disquaLihccl as on
31st Nlarch, 2016 ftom being appointed as a director in ter-ms of Section 164 (2) of thc Act.
respect to the adequac,v of internal financial controls over finencial reporting of thc
Compan,v and thc operating effcctivcness of such control, tefer to our sePatxte tcP()lt in
"Anncxurc l3 "; and

(f With

(g) With rcspe cr to the other lnartcrs t() bc includcd in thc ;\uditor:'s ltcpor-t in accotclattcc l irh ltulc
Rulcs, 2014, in our opinion nnd to tire bcst of our11 of the Companics (Audit and
'\r.rditots)
information ancl accotding to tbe e\planations given to us

'l'hc Oompanv has disckrsed the rmpect of pending ltugauons on its fitlancial position ir.r
its financial stntemcnts - l{cfer Note 27 (c) to the Frnancial stlrtctrrcl]ts.
(') 'Ihc Companv has made provision, as rcquircd under the apphcable lau'or accountrnq
standards, for material foteseeeble losses, if any, on long-term conti:^cts.
('u) Thcrc rvere no amolrnts rvhich rvere required to be uansfcrrecl to the Invcstor lldncatror.t
ancl Protcction Fund bt' d.re Company,
/i)

For O.'I.GANDFII & COMPANY

SIL\-ER OAK dNDIA) LIMITED

^{nnexure

t'A" to the Independent Auditors' Report

I.be \nncxurc referued to in pa::aglaph 1 undcr the heading of "Rcport on Othct I-egal and ltcgrrlatoli
Reguircment" of our Independent .,\uditots' lieport to the membcr of the Companv on thc ltlancirrl
i:rrements for the vcar ended 31" Nlarch 2016, rve report that

(u)

'I'hc Companl has maintained propcr rccords shorving full perticulars inciuding quanritatile dctails
and situalion of hxed assets.

(b) ,\ll

thc asscts hlr-c bccr.r phlsicallv verified br, the managcmclt during the vear tnd nc> matcli,tl
discrepancics rvere noticccl or.r such veriiication. lr.r our opinion, thc ftcclucncr' of vcdfication i'
reasonablc having rcgard to thc size of the Oompanv ancl thc nerurc t.rf its asscts,

(.)

Accorcling to the information and cxplanadons gir-en to us and on tl-re basis oI our cxaminadon r.,I
thc records of the Con-rpanr-, tlre titlc dccds of immolable propcrtics are held in thc namc of thc
(lon'rpanl.

phvsicalll r-crihcd bv thc tnanagcment at tcltsonable intcn'als cluring tJrc i cer'

end no mrtcrial discrcpancies rvcLe .noLtccd on such vetification .lu our opinion lhc frcqr-Lcnct ol
rerifi catior.t is reasonablc.
l he In\-entodcs haye ben

l-hc Cornpant has not grantcd an1' loans, secured or unsecured to compal.dcs, hrms, Limitecl Lialrilttr
:-rrrnership or othel Partics covered ir.r thc rcgistcr maintair.rcd undcr scctiott 189 of thc (iotnparttcs .\ct.
llii l'dre.,\ct'). .\ccorclinglr', pa'-agraph f(iir)(a) ,:(u)(r), and 3(iii)( c) of thc orclcr is not applictblc tt,
ihc compant
.

Compani has not madc anr'loans, investments, guarantees, and sccuritl rvhich covcrccl provrslol) ()t
section 185 and 18(r of the Oompanics :\ct, 2013. .\ccorclinulv , pnraqfaph 3 (ir) of thc ()t.tk't is trt,t
,rnnlic,rble to thc (lompent.
I l.re

:.

lhc (-ornpanl iras not acceptecl anl dcposit From thc pubLic as golcncd bv thc pror-isior.t of Scctjorr
--i to -6 or an1 orher televant pror.ision of the Companies ..\ct, 2013 and rttlcs framcd thcu' ttndcr.

(r.

'fhc Ccntral Covernn'rent h2s I'lot prescribed the

conrpxnics

maintenar.tcc

of cost r-ccotcl undct scctiort

1-18 (1)

oi

thc

'\ct,20i3 ('thc act").

(e) r\ccording to the informadon and explanation gi\refl to us and on thc basis of our examinatior.t til'rhcr
recold of thc compan)', thc cornpany is reguler in dcpositing x,ith the appropriatc euth()1iti(s
undisputecl stah.rt()r\- dues incl,.rcling provident fund, emplotees' statc llrsutirncc, lncome tar, salcs rrtr,
selvicc rax custorr-r dutr, cxcisc dufi, \'ahre added tax, ccss and ()thcr mttcrial s(aftrton ducs eppltcrrlrlc

to tt.
cling to tl.rc inforn'rerion and cxplanations gir.cn to us ,there is nt.r r-rnciisputccl amoltnt palrblt t'r
respect of pll.ident fund ,incc>mc tax, srlcs tax, \/alue aclcled tax ,cluty of customs, sen'icc tar , cess lrtcl
-\ccL.r:

of more than six months frou drc datc thcv bccon.rc palabli:.

Annexure ttAt' to the Independent Auditorst Report

'b)

,\ccolding to the information and explanations given to us, there are no matcrial dues of rvealth tax, clul\'()l'
customs and cess , Income tax , Sewicc tax ,\/alue added tax , Sales -tax have not bccn clepositccl rr ir h
appropriate authorities on rccoLrnt .,f rnt d.ispute Florver-er, accor:ding to informatiolt and cxplanation
gir.en to us , thc foilorving ducs of Excise duq' and Central Sales tax have nor becn clcposited bl rhc
Companl ofl account of disputes :
Name of Stanrte
\1.P. Il scisc
\LP. Excise
\1.P. Excise

\I.P.

-\ct
.\ct

1915

1915
'\ct 1915
F,xcisc -tr ct 1915

Collector cun-r Dy.

Excise & Taxetion

Nature of
Dues

I)uti
Pcnaltr'
Dr.r6'

Pcnalo
Penalq'

Amount

Petiod to rvhich

lin

amount rclates

Rs. I

632812.00

1010-11

,t5000.00

2010 1 1
201l-12
2011 12
2005-06

545400.0t)

45000.00
3000000.00

IroLutr-r rvhete disputes pcr nclttrq

f Lgh Cor-rrt-\l-l)
I Iigh (ioult ,\l.l).
Fligh Court ,\1.P.
h Coutt .NI.l).
l ixcise Commissioncr, FII lt\'1111it
_

Conmissioner

(Ercisc),

Ourgaor.r,

Harl'212

The compar.ry has defaultcd in repal'rnent of loan to I(lI(lI Bank c\: HDIiC Bank on \''ehi<:lc Lorn
rmounting to lts. 35700/- & l{s.85504/ for thc pcriod ()ct 2015 to Dec- 2015 & trcb 2016 to I Il rr:lr
2016 respcctivclv

-fhe

Cor.r-rpany docs not raise any mooel' bt' rvat, of initial public offcr or furthcr pubhc offcr (inclLrciinrl
debt instruments) and tenn loans during the lear.
paraglaph 3 (i-r) of thc ()rcler is nor
'\ccordinglr,,

rpphcablc.
it

t.

-\ccordrng to informatiort ar.td cxplanations given to us, no matclial fi:aucl by thc Oon.rpau or on rhc
(-ompant' bv its offrcer or emplolccs has been noticed or rcported during the coursc of oul audjt.

ll.

-\ccording to thc infornation and explanation gir.en to us and basccl on o,-rl cxamination of thc Lccorcls <,f
the Cornpanv, tl.rc Companv has paid/provrded for managerial lcmunemtion in accoldancc l'irlr drc
.197
plotision of section
rcacl with Schedr,rle Y to thc Con'rpanies r\ct .

12.

In

r.i.

.\ccording to drc information and cxplaneticrn given to us and basecl on oul cxamination of the rccolcls oi
rhe (lompanv, transaction rr'ith thc rclatcd parties are in compliancc tvith scctions 177 and 18il of tl.x: \cr
s'here applicablc and details of such transaction halc been disclosccl in thc hr.rancial stiitcr.)lerLrs ls rcqLur( o
bl appLicable bi the applicablc accounting stanclards.

t+.

\ccotding to thc hfotmation and explanations given to us ancl basecl on our examination of the lccor:cls r.,i
the Companr', the Oompanv hes not made an1'preerelrtial allormcnt or private plac
of shalc:s orfulh or patth' con\.ertiblc clcl;cntures during thc vcal,

our: opinion ald according to thc inforn-ration and explanation gir,en to us, the Companr,is not
company. Accordirrg\', paragraph 3(xii) of the Order is not applicable.

nicll.l

r5.

According to the information and explanation given to us and base on our examination of the records of
the Company, the Company has not entered into non-cash transaction with directors or pers()ns
connected with him. Accordingly, paragtaph 3(rv) of the Order is not apphcable.

16-

The Company is not required to be registered under section 45-IA of Reserve Bank of Indra Act 1934

For O.T.GANDHI & COMPANY

C h artere d Act'o u n tan t.s

Firm's Registrati

Parlner

Membetship number
lndote, May 30,2016

4"11.1,07

SIL\'ER OAK (INDIA) LIMITED

Annexure ((B' to the Independent Auditors' Report
Report on the Internal Financial Controls under Clausc (i) of Sub-scction 3 of Section 143 of
the Companies Act,2013 ("the AcC')

\\'e hale auditcd tl.rc iltcrnll finrncirl conuols over financial rcporting of
Silver Oak (India) Limited ("thc Companr'") as of 31 N{arch 2016 in conjr,rnction rvith our audir
.ri rlre ttnancial st^telrrents of thc (iompunl fot thc lcal cndccl on tlrat datc.

\[anagement's Responsibility for Internal Financial Controls

he Con-rpany's lrranagemcnt is

spbnsible fo;' estabiishing and rnaintaining intelnal financial

controls based on thc intcrnaL co1.rt1:ol o\-cr financial reporting critclia cstrl;lishcd bl thc (ion.rpanr'
considcrir.tg thc csscntial c()mponelrts of intetnal cofltrol stated in thc (1,-riclancc Nots on ,\udit ol
Internal Financial (lontrols over Financiei Reporting issued b1' thc Lrslitute of (lhartcrccl
-\ccountants of Inclia ('I(1,\I'). 'I hese respor.rsibiJities include dre de sign, rmplemcntation an.l
mahtenance of adequate internal financial controls that rverc operatir.rg eflccrivcly [t>r r:nsuling thc
,,rderh' ar.td efficient conduct of its busincss, inclrding adhetcr.tce 1o con-rpanv's pollcies, the
s:rtesuarding of its asSets, the prcvcnLion and detection of fiauds and cLrcLs, the acculacv ancl
completeness of fhc accounting recc-,rds, ancl the tin.rcll prepar:a{ion of reLiable financial infcrrrnrri,n,
..: rcqu[ecl unclet: the Companies r\ct,2013.
I

r:e

.\uditors' Responsibility

()ur responsibilitr is to cxprcss en opinion or) the Comlanr''s inter:nli firtancill conttols or-cr'
:-'::rncirrl rcportint basecl on or:r auclit. \\'c concluctccl or.rt:rudit in rccor:drncc rvith tbc (iuiclancc
\ore on ,\udit of lnternal liinancial Cor.rtrols or.er lrinancill l{eporting (tbc "Ciuiclancr: Nr.,tc") and
:hc Standlrds on,\r-rditing, issucd bv lC.\l ancl dccnred to bc prcscribed r-rrcler seclion 143(10) oi
:le Companies r\ct, 2013, to the extent apphcable to 2n xudit of internal {ln:rncial conttols, botl.r
::plicrble to an audit of Intcrnal lrinancial (lor.rtrols and, bofh issr-rccl br, thc Institutc of Chlrtcrccl
hosc Staldards ancl thc Cuidance Note rccluile that l c comph rvith cthical
ludit to obtain reasonablc rssur:ance abont r,bethcr'
adcquare interna] hnancial cr.rntrols or-cr financial reporting rvas esteblishcd and m:rintrinccl anci i1such cr>r.ttrols opcratccl effectivell in aLl matcdal respccts.

\ccourltants of lndja.

icguire r.r.rcnts

'1

atrd plan ancl pclfolm thc

()ur audit inr.oh-cs performing procedures to obtain audit cvidencc about the adequacl of the
ir:tcuul flnlncial controls slstcm or-cr financial reporting and theil: opcfatill{l cffccfilcrtcss. Our'
rudit oI internrl financial controls ovcr hnarrcial reporting ir.rcl-rclcd obtelninll xn un dcrs trncljr]:a oi
intcrnal finar.rcial <;ontrols or-ct hnancial rcporting, lsscssing thc r:ish thar lL n.rLtclial u,cllirtcss crj.t..
rrnLl rcsnng ancl r:r'ahradng thc cicsigrr ard opcrating cffccliYcr]css of intclnal c()n[()l l]asccl on thc
risk. 'l hc proccclurcs sclccted clcpcnd on thc xudito/s jr-rdgrner-rt, inclLrcling tl'rc xsscssrn(lrt
oi rhc risks of mutclial n-risstatcnrcr]t of thc financial statcmcnts- rvhcthcr clrrc lo frlud or eLror:.

,rsscssecl

\. c brlrevc that thc anclit er-iclencr:

anil upplopliltc to proviclc a basis

r,ir our ar.rdit opinron on the Cornpant''s intcrnal ltnancial controls sfstcrr-r ovcr' financial fcp(,rfinrl.
,.vc have obtainccl is sr.rflLcicnt

o
* no1fte
t

SIL\'ER OAK (INDIA) LIMITED

Annexure "B" to the Independent Auditors' Report
Repon on the Intcrnal Fthancnl Contok undet Clause ('J o{Su6-scctton 3 o{Sector 143 o{
the Companies Act,2013 ('the Act")

\Ieaning of Intcrnal frinancial Controls over Financial Reporting

r- companrrs intcr-nal Frnancial control ovcr hnancial rcporrir.rg is a proccrss dcsignccl ro Irrorrclc
:sri:onxble assulence tcgarcling thc rcliabilin' of hnancial rcportirg and tl.rc pr:cpatation o[ irnancial

j?tements for cxtcrnal purposes in accordalce rvith gcncralll acccptcd eccounting principles. ,\
; rmpanr'-s intcrnal financial control over financial tcportinrl includcs thosc policics and procetl-rres
::-rt l. pertarn Lo tlrr lnliotcoilncc oflccords that, in reasonable dctail, accurarcly ancl fairh reflcct
:i. uarrsacrions ancl clispositions of thc asscts oI the compant; (2) ptr>i'iclc l.,,"..rr.r"b|. assnlancc rhat
:;::sacriclns atc lccorclecl as ltcccsslLt. fr) ncff t pircpxrltt()r-t of t-tner-tcial srtlcmcnts ir-t rccotcler-tcc
.:-: 2cncrlll rccePtcel xccounting prrncrples, and that rcceipts ancl cxpclcliturcs of thc complnr
-:! reinq mxLle unlr ir.r nccordance rvith authorisations of t.r'vu.tagcmcnt and clircctors of thc
-- =-):l:.1\: 1rnLl (1, lr,\ r(l( reriunxbl( lsiur:nrtcc rcgrrcting p11\cnu',n ,,r' rim. lr ,lettcti,,rt ,,f
-:--:uthoriscd acquisition, use, o'.. disposition of the colnpar.rv's assets that could har.c a rnatcrial

.lcr

on the hnar.tcial statcncnts.

Inhercnt Limitations of Internal Irinancial Controls Ovcr Irinancial Rcporting

of rhc ir.thctcnt lirnitations oi iltcrn^l finrncial controls or-cr fhlrcirl rcporling, irclucling
: . r,,.sil;ilin'oI co]lusion or itnplopcr mrnagcrnent or-clr-irlc of c:ontrols, matclial misstrttct.ncnl s
i:. :,-., crror or' h lud ml\' occLLf and not bc dctcctcd. -\iso, pr:ojcctions ,rI rnv cla]uation of thc
-::r-t,rl r-rnencial cor.ttlols or,cr fi.nancial rcportinll to futr,u:c Pcliocls xrc sul)jcci 1() ihe risli thtt tbc
::c:r:il nnxncixl contLol or-cr hnrncial rcporting mnt bccomc inadccltratt l;ccrusc of ch:rngc' iLr
-- :ii:,ns. or that the degree of compllance rvith the pollcies or proccdulcs mav dctcrioratc.

----,--.:sc

Opinion

ir our opiruor.t, thc Comprnl has, in ell r.natcr:ial rcspccts, rLn atlccluatc intclnal finarrciul controls
i iicm o\cr finrncial rcpolting tncl such intcrnal finar.rcial cor.rtlols olcl hrrlncial rcpoltir.rg lcr-c
r')erxung effectl'elv as at 31 Nla,:ch 2016, based on thc intcnral control

financial repurting
cnrena establishecl lrl thc Companr, consiclcring the csscntial components <>f ir.tternal control statecl
in rhr: (luidancc Notc or1 ,\udit of ]ltctnal Jrinlncial Contr:ols Ovcr ljin:rncirl l{enottinu issr,rccl bv
tire lnstirute of (lbartcrccl -\ccourttaltls of Indie.
<.ivcL

Ijor O.'|'.GANDltl & COMPANY

/ lt iutt tl/LW/.i

lrir:m's l{cgisttati

I' rlt..
Nlcmbclship numbcr

InJorr.

\hr

.10.

l(,

41

1()7

SILVER OAK ( INDIA

) LIMITED

Regd. Office E Works: 110, Sector-1, Industrial Area,

PITHAMPUR, Distt. - Dhar ( M. P. PIN - 454

775

Annexure I

AUOITED FINANCIAL RESULTS FOR THE QUARTER & YEAR ENDEO 31st MARCH.20'16

(31.03.2015)
(31.03.2016)

PARTICULARS
(Refer Nots Below)

{31.12.2015)

(31.03.2016)

(31.03.2015)

{31.03.2015)

652.26

Unaudited

lncome from oDerations

Nel Sales / IDcome from ODerations {net ofexcise

0.55

I13.57

0.55

652.26

Othcr Opcnling lncome

t.62

3.13

1.62

t.7l

l.7l

Total Income from operations (net)

2.t'l

l r7.30

2.t7

655.99

655.99

15.41,

374.87

371.47

44.14

(28.e1)

(28.9'.7 )

dl

Expenses

(.)

Cost of materials consDmed

Purchase of stock in trade

(c)

Changes in i,lventories offinished goods,

work in progrcss and Stock in tradc

(e)
(1)

Employecs benclits erqenses

1.23

t4.77

17.18

45.64

45.64

Depriciation & amortisation expenses

3.06

3.03

t6.64

12.1'7

24.62

24.62

14.28

10.'/2

30.41

41.30

t23.25

t23.25

Other Expenses (any item exceeding

operation to be shown separately

(e)
(h)
(i)

Freight Outwards
Rebate

1.07

18.97

18.97

32.99

117.38

i 1?.38

67 5.'7 6

6"t

ProfessionalFee

4.00

Total expenses

'7

18.57

13.75

156.03

4.65

06.40)

0 3.75)

(38.73

(72.48\

t9.71)

16.40)

13.75)

(38.73

l'72.48)

tq.77)

1q.77)

6.5'1

|.9'7

5.20

t4.68

11.45

5.'t 6

Prolif / Loss from operations before other

income,finance costs and
3

exceptional

items

(l-

2J

t9.7 7)

Other lncome

Profit / Loss from ordinary activities before finance

exceptional items (3+4)

costs and

Finance cost

costs

Exceptional items

Profit (+)/ Loss

before tax (7-8)

10

Tax expenses

Profit / Loss from ordinary activities after finance

but befor exceptional items (5-6)

Net
1',1

Profit

(22.91)

t5.'72

(43.93\

(87. t6)

(31.22)

(l L22)

(22.e7)

(ts.'12)

(43.93)

(87.16)

(31.22)
(s.14)

(3

(-) liom ordinary Activities

(9.s5 )

(+)/

1.45

Loss

(-)

t.22)

(5.'7

from ordinary Activities

after tax (910)

(22.97)

( ts.7

2)

(34.38)

(87.16)

(2s.48)

(25.48'

(22.9'7)

( t5.'7

2\

(14.38)

(87.l6)

(25.48)

(25.48)

Extraordineary items (net oftax expenses

Rs.
13

\er Prolil

)
t+) / Loss

(-) fortheperiod(ll+l!)

FOR SILVER OAK ONDIA) LTD

E4r-4/h4/:%3\
BHUPENDRA SINOH

WHOLE-TIME DIRECTOR
DIN:02575801

Prolit (+) / Loss (-) for the period (11+12)

'13

Net

'14

Share of profit

15

Miniority interest

16
17

Net Profit/ Loss after taxes,minority interest and

shereof profit/(loss) of associetes (13+14+15)
Paid up Equity Share Capital (Face value -Rs.lo/- )

,I8

Reserve excluding Revaluation Reserve as per

balance sheet ofprevious accounting yeat

'19.i

(rs.'72)

(34.r8)

(87.16)

(25.48)

(2s.48)

(22.91)

0s.72)

(34.38)

(87.l6)

(2s.48)

379.02

319.02

319.02

379.02

379.02

{25.48)
379.02

147.09

147.09

172.57

147.09

172.57

172.5'7

loss of associates

Eaming Per Share Oefore extraordinary iterns)

Basic (not to be annualized)
a)

b)
19.ii

(22.97)

(0.61)

Diluted (not to be annualized)

(0.41)

(0.e1)

(2.30)

(0.67)

(0.67)

(0.67)
(0.67)
(0.6?)

(0.61)

(0.4r)

(0.e1)

Q.30)

(0.67)

(0.61)
(0.61)

(0.41)

(0.er )

(2.30)

(0.67)

(0.4

(0.91)

(2.30)

(0.67 )

Eaming Per Share (after extmordinary items)

a)
b)

Basic (not to be annualized)

Diluted (no1to be annualized)

.:

NOTES:
01. The above.reviewed by the audit committee at their meeting held on 30.05.2016 and
thefeafter taken on record by the of Board of Directors at their meeting held on 30.05.2016
02. The above financial results have been audited by the statutory Auditors
03. The previous period flgures have been regrouped / rearranged wherever necessary'

FOR SILVE.f OAK (INPIAtrLTO

pu+y't**iPt^"^
BHUPENDRA SINGH

WHOLE-IIIVE DIRECTOR
DIN:02575801

SILVEROAK ( INDIA) LIMITED

Regd. Office & Works: 110, Sector-1, Industrial Area,
PITHAMPUR, Distt. - Dhar ( M. P. PIN - 454 775

STATEMENT OF ASSETS AND LIABILITIES

(Rs. in
As

Share capital

379.02

379.02

63.30

t47.09

442.32

526.11

13.21

19.78

3.18

6.5 5

I.l2

t.02

17.51

27.35

Short term bonowings

9t.02

15.t6

Trade payables

8.82

49.85

Other current liabilities

70.10

66.98

199.94
7

192.04
't
45 .50

I 19.00

l3 I .17

+i.ss

qs.zg

161.95

176.46

366.58
.38

366.58
79.06

20.55

33.80

5.56

66.15

Reserve and surplus

money received against share warrants

Sub-total - Shaleholders's funds

2

Share applicatioD money pending allotment

minority interest

Non-current liabilities

(a)
(b)
(c)
(d)

Long-termbonowings
Delbrred tax liabilities (net)
Other Long{erm liabilities

Llonglerm provisions
Sub-total - Non-current liabilities

Current liabilities

)
(b)
(c)
(d)
(a

Short telm provisions

0.05

Sub-total - Current liabilities

TOTAL - EQUITY AND LIABILITIES

B

ASSETS

Non-current assets

(a)
(b)
(c)
(d)
(e)
( f)

Fixed assets

659

.7

Goodwill on consolodation
Non-cunent investment
Defened tax assets (net)

Longterm loans and advances

Other non-cunent assets

Sub-total - Non -current assets

1

31,03,2015

EQUITY AND LIABILITIES

Shareholders's fund

(a)
(b)
(c)

(currenl
As at
year end)
(prvious year end)

31.03.2016

PARTICULARS

l,akhs

at

Current as$ets

(a)
(b)
(c)
(d)
(e)
( f)

Cunent inveshnent
Inventories
Trade receivables
Cash

&

27

cash equivalents

Short-term loans and advances

Other current assets

Sub-total - current assets

TOTAL - ASSETS

7.75

23.45

.82

s69.04

659.77

745.50

49'7

,r'^
r>ta!-ar2&4