WINSOME TEXTILE INDUSTRIES LIMITED

Regd.Office: 1,lndustrial Aroa, Baddl, Distt. Solan (HP)

Phono No. 01795-244045 Fax. 01795-244287

CI N: l17.U 5HP1980PLC005647, e-mail: cswtil@Winsometextile.com.www_Winlaometextlle.com

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UNAiJDITEO FINANCIAL RESULTS FOR THE QUARTER & HALF YEAR ENDED 30TIi SEPTEMER, 2018

IRa. In lacsl
Quarter Ended

SR

PARTICULARS

NO.

YaarEnded

Sap 30,18 .
(Un Audl~edl

Juna30,18
.(Un Audited)

Sap 30,11
(Un Audited)

S.p30,18
. (Un Audited)

Sep30.111
(Un Audited)

16325

17587

16595

33912

32492

64552

Uar31,18.
(AudlWd)

Income from oporations

(a) Net Sales/lncomo from Operations (Net of excise duty)

324 .

(b) Other Operating Income

424

328

748

726

1271

16649

18011

16923

34660

33218

65823

(a) Cost of materials consumed

8584'

7974

7215

16558

14811

29239

(b) Purchases 01 stock-in-trade

1801

2143

2879

3944

4765

9401

(c) Changes in inventories of finished goods, work-in

progress and stock-Intrade

(932)

447

(271)

(485)

(591)

(984)

(d) Employee benofits expenses

1289

1218

1247

2507

2341

.4828

(e) Depreciation and amortization expenses

524

531

430

1055

868

1979

(I) Power & Fuel

1242

1324

1321

2566

2633

.5201

(9) Stores & Spares Consumed

985

1041

1013

2026

2028

4020

(h) Other expenditure

1028

909

982

193.7

1783

3913

14521

15587

14816

30108

28.638

57597
8226

Totallncomo from operations (not) .

2

HalfYaar Ended

Exponsos

Total Exponses

.,

Profitl (Loss) from Operations before Other Income,

financo costs & Excoptionalltems (1-2)

2128

2424

2107

4$52

4580

Other Income

221

34

36

<255.

71

Profitl (Loss) from Ordinary activities before finance

costs & Exceptional Items (3+4)

2349

2458

2143

4807

4851

Finance costs

1268

1311

1427

2579.

2910

6145

Profitl (loss) from Ordinary activities after finance

costs but boforo Excoptionalltems (5-6)

1081

1147

716

.2228

1741

2257

Exceptional Items

Profit I(Loss) from Ordinary Activities before tax (7+8)

176
8402
"

-.

1081

1147

716

. 2228

1741

2257

487

10 Tax expense
.. Curren! Tax (MAT)
- Credit against MAT

. Deferred '1 ilX (Asset)1 Uability

MAT Credit/Charged for Earlier Year

11

Tax for earlier Year

Net Profit/CLoss) from Ordinary Activities after tax (9
10)

12 Extm ordinary items (net of tax expense)

1081

1147

716

2228 '

(333)

31

24

.'

1741

2048
c

13 Net Profit I(Loss) for the. period (11.12)

1081

1147

716

2228

1741

2048

14 Paid

1982

1982.

1982

1982

1982

1982

13806

5.45

5.79

3.61

11,24

8.78

10,33

5.45

5.79

3.61

11:~~t~'.)i :" ..

8.78

10.33

up equity share capital

(F:ace Value
15

Hs.101- each)

Heserves excluding I~evaluation Reserve as per balance

sheet of previous accounting year

16 Earning Por Sharo (of Rs. 10/- each) (not annualized)

Basic
- Diluted

0,.".,_""-"--"",,,,-(,,,,

STATEMENT OF ASSETS ANDLIABIUTIESAS ON 30TH SePTEMBE~12016

II

Rs.lnLacs

Sr. No.

PARTICULARS

eQUITY AND LIABILITIES

Shareholder's funds

(b) Reserves and surpl\Js .

Sub-toml-Shareholdera' fUnd
Non-Current liabilities

As at
30.09.2016
(Unaudited)

(a) Share capital

.1982

1982

16027
18009

13806
15788

(a) Long-term borroWings

13393

15191

(b) Deferred tax liabilities (net)

4227

4227

(c) Other long-term liabilities

(d) Long term Provisions

Subtotal.,. Non-cllrrent liabilities
Current Liabilities
.
(al Short-term borrowings

.,

28

34

!j4
17702

79

19531

, .. -,,,'

14807

16698

(b) Trade Payables

15.72~

tll4~

(c) Other Current liabilities

7422

6822

(d) Short-term provisions

Sub-total - Current liabilities

484

38434

376
39641

TOTAL - eQUITY AND LIABILITies

74145

74860

(I) Tangible assets

(Ii) Capital Work in Progress

(b) Non-current invesiments ..

37398

731

38.154

(c) Long-term loans and advances

Sub-total-N.on-Current assets

131

38263

ASSETS

Non-current assets
(a) Fixed assets

As at
31;03.2016
(Audited)

34.1

127
. 38825

Current assets
(a) Inventories

20243
8421 .

(b) Trade Receivable

20817
7870

(e) Cash and cash equivalents

1550

1481

(d) Short-term loans and advances

4817

4665

(f) Other current assets

Sub-totsl- Current assets

851
35882

1402
36235

TOTAL - ASSE'TS

74145

74880

The above unaudited financial results have been taken on records by the Audit
Committee and approved by the Board of Dlrecton{ in their meeting held on 10th
November. 2016 and also been limited reviewed by the Statutory Auditors.

Auditors Remarks on the I;Icco.\!nts for the year ended 31st March 2016: Non
provision for shortfSl/ In recovery against receivable ofRs. t089.44 Laos from a
has
fully
been
eroded;
body
corporate
whose .. nef worth
Management Response : Tn!! management Is hopeful of recoveiYconsldering
preparation of financial statements of ths.sald body corporate on going concem
basis. future prospects of revival of textile market and stable government policies.

Provision for current tax and deferred tax will be made at year end.

The comp!!ny's operations predomillantlycomprises of only one segment-Textile

(Yarn and Allied Activities).
.

Corresponding quarf;erl period I year figures have been regrouped! rearranged

wherever considered necessary, .

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12, Bhagat Singh Marg, New Delhi - 110 001, India

Telephone: 91 1123710176/23710177/23364671/2414
F a x : 91 11 23345168/23314309
E-mail: delhi@lodhaco.com

LODHA
&CO

Chartered Accountants

To

The Board of Directors.

Winsome Textile Industries Limited,

SCO 191-192. Sector 34-A

Chandigarh-160022.

Subject: Limited Review Report for the Quarter ended 30th September 2016.

1. We have reviewed the accompanying statement of unaudited financial results ("the statement") of
Winsome Textile Industries Limited ("the Company") for the quarter/six month period ended
September 30 th , 2016. This statement is the responsibility of the Company's management and has
been approved by the Board of Directors of the company in their meeting held on 10th November
2016. Our responsibility is to issue a report on the statement based on our review.

2. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410,
Review of Interim Financial Information Performed by the Independent Auditor of the 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 statements are free of material
misstatement. A review is limited primarily to inquiries of company personnel and analytical
procedures applied to financial data and thus provide less assurance than an audit We have not
performed an audit and accordingly, we do not express ail audit opinion.

3. Basis for Qualified Opinion

(i)

Receivables includes amounting to Rs. 1089.44 Lacs [receivable from a body corporate
(erstwhile associate) whose net worth has fully eroded], as in the opinion of management
same are good and recoverable and our inability to comment thereon.(This is to be read
with Note no. 27.3 of Audited Financial Statements for the year ended 31.03.2016 and Note
no. 2 of accompanying statement). We have also qualified our opinion for the year ended
31st March, 2016 and for the quarter ended 30 th June. 2016 and 30 th September 2015 on
the same matter.

(ii)

Note NO.3 of accompanying statement regarding non provision of tax expense (impact
unascertainable) as same will be made at year end. We have also qualified our opinion for
the quarter ended 30 th June, 2016.

4. Based on our review conducted as above except for the effect of our observations stated in para 3
(Basis for Qualified Opinion) above, nothing has come to our attention that causes us to believe that
the accompanying statement of unaudited financial results prepared in accordance with applicable
Accounting Standards specified u/s 133 of the Companies Act,2013 read with Rule 7 of the
Companies (Accounts) Rules 2014 (as amended) and other recognized accounting practices and
policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in
:'O-\\-A-~"""
hich it is to be disclosed, or that it contains any material misstatement.

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Kolkata Mumbai New Delhi Chennai Hyderabad Jaipur

5. Emphasis of Matter
Attention is drawn to:
(i)

The company has not considered impairment testing of Fixed Assets of Hydro Power
Project at Manuni, HP, which had been capitalized w.eJ. 25th Sept 2015 but could not be put
to use due to certain disputes with the HP State Electricity Board Limited (Gross block Rs.
3850.18 Lacs ( P.Y. Gross block Rs. 3838.67 Lacs)) (WDV Rs. 3696.83 Lacs (P.Y. WDV
Rs.3762.21 Lacs)) .The matter is subjudice before the High Court of HP and in view of the
management, no impairment testing, as per AS-28 is necessary as they are confident about
the earliest start of the operation as well as recoverability of amount so far invested.

(ii)

Balances of certain receivables, loans and advances, trade payables and other liabilities are
subject to confirmation/reconciliation.

(iii)

As per the past practice, Consumption of raw material have been accounted for as balancing
figure as assessed and estimated by the management.
Our opinion is not modified in respect of matters stated above.

For LODHA & CO.

Chartered Accountants
0.301051E

Partner
M.No.085155
Place: New Delhi"
! /'
Date: r l) IiI
L.CJ IA:l