Garlon Polyfab Industries Limited

Financial Results Summary (Quarter Ended September 30, 2019)

  • Total Income: ₹0.00 (No income from operations or other income reported)
  • Total Expenses: ₹31,093.20
  • Loss Before Tax: ₹(31,093.20)
  • Tax Expense: ₹0.00
  • Net Loss for the Period: ₹(31,093.20)
  • Earnings Per Share (EPS): Not quantified in the disclosure.
  • Paid-up Equity Share Capital: ₹4,61,32,000.00 (Face Value of ₹10 per share)

Financial Results Summary (Half-Year Ended September 30, 2019)

  • Total Income: ₹0.00
  • Total Expenses: ₹44,929.10
  • Loss Before Tax: ₹(44,929.10)
  • Tax Expense: ₹0.00
  • Net Loss for the Period: ₹(44,929.10)

Standalone Statement of Assets and Liabilities (as of September 30, 2019)

Assets

  • Non-Current Assets: ₹5,75,698.00 (comprising Long term loans and advances)
  • Current Assets: ₹(68,754.88) (Negative Cash and Cash equivalents)
  • Total Assets: ₹(6,44,452.88)

Equity and Liabilities

  • Shareholders' Funds: ₹(18,652,974.12)
  • Share Capital: ₹4,61,32,000.00
  • Reserves and Surplus: ₹(6,47,84,974.12)
  • Current Liabilities: ₹1,92,97,427.00
  • Short-term borrowings: ₹1,88,63,000.00
  • Trade payables: ₹3,85,000.00
  • Other short term provisions: ₹49,427.00
  • Total Equity and Liabilities: ₹(6,44,452.88)

Limited Review Report

Chartered Accountants P.D. Agrawal & Co. conducted a limited review of the unaudited financial results. Their report, dated November 11, 2019, states that based on their review, nothing has come to their attention that causes them to believe the statement is not prepared in all material respects in accordance with Ind AS and the required disclosures.

The report draws attention to two notes:

1. Note 2: The company has adopted Indian Accounting Standards (Ind AS) from April 1, 2017.

2. Note 5: The auditors were not engaged to review the comparative figures for the quarter ended September 2019; these figures were furnished by management.

Additional Notes to the Financial Results

  • The results are prepared in compliance with Indian Accounting Standards (Ind-AS).
  • The statutory auditors carried out a "Limited Review" of these financial results.
  • Previous period/year figures have been regrouped/reclassified for comparability.