FRONTIER SPRINGS LIMITED

Regd. Off.: E.14, Panki lndustrial Anta. Slte-i, Kanpul" 2(l6 022,

Tel. No. 061~26912(l7-Q8 ,Fax No. 0512.2691209 ,Web-Slite: hhp;Jwww.fnwtier-Sipriflgs.coJn ,E-mail: c,lI@frontiersprlflgs.ca,1n

CUi; L17~ 19UP19S1PLC005212

PART I
STATEMENT OF STANDALONE UNAUDITED FINANCIAL REBULTS
FOR THE Und QUARTER AND SIX MONTHS PERtOD ENOED SEPTEMBER 30, .2014
IRs. in lacs)
$I. NO.

Particulaf$

Qua"',E,d,d

, "'';;,''1' '
i

IN,;,\. Sa i\slIr,ccme from operations

'l

(Nei. of axe'se duly)

lO!het Operafng Income

b)

from Operatioos (Net)

2.

I~~~~~'~

oj

,)
fj

I",;" 'O'P"""

goods, wcfkin-orogros$ and

5.

ipmflt

(Galn}fLo$$ ,Finance Cost but before Exceptlooal

&fore Tax (tHlJ

~-,

INet Profit from Ordinary Acti'villos after Tax

(1()"11~

Items \ Nt/I of Tax expenses)

13

16

Share caplta; (Face value Rs,1OJ- each)

, Revaluation Reservasj 3S per balance sheol
If

.... "'
'R,.)

,~ic and

~d

for the previous year

1771.41)

''''2.'

792.25

902.43

1977.'

42246

'''''.60

'

(57.00j

(00.13)

(125]1)

{16.6.5)

0.78

(13.n)

21.9'
(21.15;

(27.57)

49.29

(.27.61)

774

~16

"62

11.82

100.66

-"

(12..99)

2024

17.11

42.17

3240

76.05

(34.Dl)

$,92

(55.1&)

",26

225.71

(21.15)

(34.01)

39.9'

322

(15."')

(11.78)

(17.93)

(4....)

28.14

(17.93)

(49.")

".14

S96.32

300.32

300.32

301.16

(55.")

...2.

225.71

pUla)

(23.62)

.....

(5701)

(67.21

44....

'''.1.

'96.32

396.32

398."

1913.76

(072)

(OM)

enol 10 be annclalisedj (In

{O.4S}

",OR

SELl!CT I

I
I

0.11

(1.25)

(1,2:6)

(i.70)

(1.1Q)

. i

""""'"
... "'"

4.28

1.13

4,.28

''''.201'

of ahareholding

1.13

.J

0.71

.., MONTIl' ENDED

No. of Shares

168.1,

Public Sberohoiding

194564ll

49.41%

I
I

"""',.
4US%

1\)4_"

18805"'

'9.40%

41]'%

21 ... '3

I
I

Pledg$d I Encurnt>ered
No. of Shares

. '"

"

{as a % of the total sharaholding of prorno!er

\ as a % ofthe tootd share ~t.aJ of !he

NIL

NIL

NIL

NIL

",L

NIL

"'L

NIL

N'L

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

NIL

b)

INo. of Shares
of shares (as a % of the total shar,

group)

'".""~~,

1992883

100266'

2057""

199286'

2057005

"'43638

lOU'"

100%

10U"

1oe%

100%

100%

SO.59%

52.25%

'

5225%

44.27%

I.~.

( as

11

% of t.'le

total s"l,are capital of \he

:..""mg n

'e.

m::.:r.~m.

a...".' .......

i
I

"'.73%

Promoter Group Sharnholding

.)

170'3

,!
i

66.84

11.3,12)
..

57.03

,OF,

2.

2.'"

Dilulad EPS aftoc Extmordinaty items for the per:od, for

..

150~"

'1.74

PAR"

"0.57

I~:j lc date $II'ld fO( the previm;s year (no! to 00 annunhSi;ij) (In

I~

_.65

the ,yea! to dale

1771.40

iNet Profit for the period (12131

15

Iii)

1505.30

10

(i)

(10.96.

Cost

ille... I.....7~.m'

17

Finance Cost &

I~rofit from Ordinary AQtivrtles after Fora!gn Exchtmg*

14

(Audited~

12

940.57

3"2~;:h,

. SO:::t"

Transactions (Gain)iloss

i Finance

11

30"',:,':,""

.".19

expern;e:,s

Finance cost &

Iottler Income

29.58

3,

4.

i
692.19

d)

51:>.11
369.77

oj Ipureh&.se of Siock-in-trade

I
81'.11
.

i
,) ICes! of Malerial Cortrumed

'":;,":" : ""~;,i"
2.

(R,fe, nore

1.

Y..,EmJed

NIL

mm. I
J

SO.OO%

'",,",,"
1A

i
u. 'pono"::~'!':'.'
14

SO.60%.

m.
J

,,,m.
HOC

/4.t7...

E'14~

:~ Pank! !nc!l.
\(

Area

Site.1

!J

FRONTIER SPRINGS LIMITED

Regd. Office: E14, Panki Industrial Area, Site1, Kanpur. 208022

CIN: L 17119UP1981 PLC005212

STATEMENT OF STANDALONE UNAUDITED ASSETS AND LIABILITIES

Sr.No.

Particulars
!

A
1

EQUITY & LIABILITIES

Sharesholder's Funds
a) Share Capital
b) Reserves & Surplus
Subtotal Shareholder's Funds
Share application money pending allotment

IRs. in Lakhs)
31.03.2014
Audited

30.09.2014
Unaudited

I
i

396.32
1846.73
2243.05

396.32
1913.76
2310.08

NonCurrent Liabilities
!
437.52
343.73
a) Long-Term Borrowings
b) other LongTerm Borrowings

'c) LongTerm Provisions

d) Deferred Tax Liability

135.96
124.09
Subtotal NonCurrent Liabilities
573.48
467.82

4
Current liabilities
!
a) ShortTerm Borrowings
627.95
741.39
428.05
724.33
,b) Trade Payables
87.51
18.05
,c) Other Current Labilities
Id) ShortTerm Provisions
159.44
118.95
1233.49
1672.16
Subtotal Current Liabilities
4450.08

4050.02
TOTAL EQUITY AND LIABILITIES
B
ASSETS

1
Non-Current Assets
a) Fixed Assets
2135.67
1985.88
20.44
'b) NonCurrent Investment

72.18
c) LongTerm Loans & Advances
63.25
d) other Non-current Assets

2078.50

Subtotal Non-Current Assets

2198.92
2
Current Assets
,a) Inventories
1122.45
1109.88
,b) Trade Receivables
477.91
1034.22
150.14
140.30
Ic) Cash & Cash Equivalents
61.20
22.69
d) Short-Term Loans & Advances
39.40
64.49
'e) Other Current Assets
Subtotal Current Assets
1851.10
2371.58
4050.02
4450.08
TOTAL ASSETS
NOTES.
1 The above un-audited financial results were reviewed and recommended by the Audit Committee
and approved by the Board of Directors at their meeting held on Novermber 13, 2014 and the limited
review of the same has been carried out by the statutory auditors of the Company.
2 As per the requirement of Schedule II of the Companies Act 2013, effective from 01.04.2014, the
company has charged depreciation based on the useful life as prescribed under the Schedule.
Consequently depreciation charge for the six months pertod ended 30.09.2014 is higher by RS.11.20
lacs.
3
AS17 regarding Segment Reporting is not applicable as the Company is operating in a single
segment viz. Springs (Railway Components).
4
Corresponding previous period'slyear's figures have been regrouped I rearranged. wherever
applicable.
For and on behalf 0 he oard 1f Directors
3

Ie
Place :- Kanpur
Date: 13.11.2014

p
""1

(KL.Bhatia)
Chairman cum Mng. Director

INDEPENDENT AUDITOR'S REVIEW REPORT

To
The Board of Directors
Frontier Springs Limited

We have reviewed the accompanying statement of Unaudited Financial Results of

Frontier Springs Limited (CIN: L17119UP1981PLC005212) Regd off. E-14, Panki Industrial
Area, Site no.1, Kanpur for the period ended 30th September,2014 (the Statement) 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. This statement is the responsibility of the Company's
Management and has been approved by the Board of Directors. Our responsibility is to issue a
report on the Statements_based on our review.
We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410, 'Review of Interim Financial Information Performed by the
Independent Auditor of Entity' issued by the Institute of Chartered Accountants of India. This
standard requires that we plan and perform the review to obtain moderate assurance as to
whether the financial statement is free of material misstatement. A review is limited primarily to
inquiries of company personnel and an analytical procedure applied to financial data and thus
provides less assurance than an audit. We have not performed an audit and accordingly, we do
not express an audit opinion.
Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying statement of unaudited finanCial results prepared in
accordance with the Accounting Standards issued under the Companies (Accounting
Standards) Rules, 2006 which continue to apply as per Section 133 of the Companies Act,
2013, read with Rules 7 of the Companies (Accounts) Rules, 2014 and other recognised
accounting practices and policies generally accepted in India has not disclosed the information
required to be disclosed in terms of Clause 41 of the Listing Agreement with the Stock
Exchange including the manner in which it is to be disclosed, or that it contains any material
misstatement.
For Sanjay Nandani & Co.
Chartered Accountants
(Registration No. 0

~~~
(SANJAY MALHO I KlIII~
Partner

Membership No.71140

Place: Kanpur,

Dated: 13'" November, 2014