SARATH iK ASSOCIATES CHARTERIED AC COUNTANTS LIMITED REVIEW REPORT To The Board of Directors IWs Proseed India Limited Hyderabad l. We have reviewed the accompanying statements of unaudited financial results of lWs proseed India Limited (formerly Green Fire Agri Commodities Limited) for the Quarter and Nine months period ended 31't Decembe'r, 2015, except for the disclosures regarding 'public Shareholding' and 'Promoter Group Shareholding' and 'Number of Investor Complaints' which have been traced from disclosures made by the management but have not been audited by us. The Statemeni is the responsibility of the Company's Management and has been approved by the Board of Directors. Ourresponsibility is to issue areport onthese financial statements based on our review. 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 Acr:ountants 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 Misstatements. A review is limited primarily to inquiries of company personnel and 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,A.udit Opinion. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statements of Un-audited Financial results for the Quarter and nine months period ended 3l't December, 12015 prepared in accordance with applicable Accounting standards and other recognized accounting practices and policies specified under Section 33 of the Companies Act,2013,read withllule 7 of Companies (Accounts) Rubs 2014 and has not disclosed the information required to b,e disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requiremernts) Regulations, 2015 including the manner in which is to be disclosed, or that it contains any material misstatement. For Sarath &" Associates Chartered Accountants Firm Regn. No. 0051205 Hyderabad Date:11.02.2016 P. Gopi Partner M.No.225868 Head Office : 4th Floot Maas Heights, 8-2..s7718, Road lrlo.B, Banjara Hills, Hyderabad - stlg 034. Ph : Off : +91 40 23354322,23357090, Fax : 23t356716 ; e-meril : [email protected], sarathcas@)yahoo.com MUMBAI : lndian Globe chambers, 4th Floor, DN Road, Mumbai - 400 001 , Ph : +91 22 226g3132,Fax : +g1 22226213,4g,emai1:[email protected]'n VIZAG : 49-3549' Srinivasam, Level-lll, NGO'S Colony, Akkayyapalenr, Visakhapatrram - 530016, ph : 09550523111, timait : [email protected] 2. J. 4. \o)'
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SARATH iK ASSOCIATESCHARTERIED AC COUNTANTS
LIMITED REVIEW REPORT
ToThe Board of DirectorsIWs Proseed India LimitedHyderabad
l. We have reviewed the accompanying statements of unaudited financial results of lWs proseedIndia Limited (formerly Green Fire Agri Commodities Limited) for the Quarter and Ninemonths period ended 31't Decembe'r, 2015, except for the disclosures regarding 'publicShareholding' and 'Promoter Group Shareholding' and 'Number of Investor Complaints' whichhave been traced from disclosures made by the management but have not been audited by us. TheStatemeni is the responsibility of the Company's Management and has been approved by theBoard of Directors. Ourresponsibility is to issue areport onthese financial statements based onour review.
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 Acr:ountants of India. This Standard requires that we plan andperform the review to obtain moderate assurance as to whether the Financial Statements are freeof Material Misstatements.
A review is limited primarily to inquiries of company personnel and analytical procedure appliedto financial data and thus provides less, assurance than an audit. We have not performed an auditand accordingly, we do not express an,A.udit Opinion.
Based on our review conducted as above, nothing has come to our attention that causes us tobelieve that the accompanying statements of Un-audited Financial results for the Quarter and ninemonths period ended 3l't December, 12015 prepared in accordance with applicable Accountingstandards and other recognized accounting practices and policies specified under Section 33 ofthe Companies Act,2013,read withllule 7 of Companies (Accounts) Rubs 2014 and has notdisclosed the information required to b,e disclosed in terms of Regulation 33 of the SEBI (ListingObligations and Disclosure Requiremernts) Regulations, 2015 including the manner in which is tobe disclosed, or that it contains any material misstatement.
For Sarath &" AssociatesChartered AccountantsFirm Regn. No. 0051205
HyderabadDate:11.02.2016
P. GopiPartner
M.No.225868
Head Office : 4th Floot Maas Heights, 8-2..s7718, Road lrlo.B, Banjara Hills, Hyderabad - stlg 034.Ph : Off : +91 40 23354322,23357090, Fax : 23t356716 ; e-meril : [email protected], sarathcas@)yahoo.com
MUMBAI : lndian Globe chambers, 4th Floor, DN Road, Mumbai - 400 001 , Ph : +91 22 226g3132,Fax : +g1 22226213,4g,emai1:[email protected]'nVIZAG : 49-3549' Srinivasam, Level-lll, NGO'S Colony, Akkayyapalenr, Visakhapatrram - 530016, ph : 09550523111, timait : [email protected]
2.
J.
4.
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PROS]EED INDIA LIMITED( formerlv known as GREEI\ FIRf, AGRI COMMODITIES LIMITED)
CIN : L01403TG2002PLC0391 13
8-2-686/8/8/1, Third Floor, Gamut Square, Road No: 12, Banjara Hills, Hyderabad- 500 034
PART I : STATEMENT OF UNAUDITED RESULTS FIOR THE QUARTER AND NINE MONTIIS ENDED 31 DECEMBER 2015
Rs. ln lakhs)
sl.
No
PARTICULARS
Three months ended Nine months ended Year ended
3r.l 2.201 5 30.09.2015 31,12.2014 31.12.2015 tr.12.2014 31.03.20t 5
U naud ited Unaudited Unaudited I-lnaudited U naudited Audited
7
l4
5
6
7
8
9
t0lll7
13
l4l5l6
Income from operations
a) Income from operations
b) Other operating income
Total incom€ from operationsExpenses
a) Purchase of stock-in-trade
b) Changes in inventory ofstock-in-trade
c) Operating expenses
d) Employee benefits expense
e) Depreciation and amortisationf) Other expenditure
Total expenses
Pro1it/(Loss) from operations before other income, finance costs (1-2)
Other income
Prolit/(Loss) from ordinary activites before finance costs (3 + 4)
Finance costs
Profit/(Loss) from ordinary activities after finance costs (5 - 6)
Exceptional items
Profit/(Loss) from ordinary activities before tax (7 - 8)
Tax expense
Net Profit/(Loss) from ordinary activities after tax (9 - l0)Extra-ordinary items
Net prolit(loss) for the year (11 - 12)
Paid - up equity share capital face value Rs. l/- each
Resewes (excluding revaluation resewe and debenture redemption reserve)
Eamings per share for the period (in Rupees) per Rs. l/- share
a) Before Extra-ordinary items
- Basic
- Diluted
b) After Extra-ordinary items
- Basic
- Diluted
16.92
r6.92
I 5.70
0.72
9.04
0.22
267.t7
292.8s
(275.93\
275,93)45. l0
(321.03)
(321.03)
(121.03)
(321.03)
973.94
(0.331
(0.331
(0 33
(0 33
15.93 |
I-l15.93
14.80
0.02
6.99
0.22
3.82
25.85
(9.92',)
(9.92',)
o/ o)(77._s7',)
(71.s7')
(77.s7)
tti.stl973.94
(0.08.
(0.08.
(0.08
(0.08
15.77 |
-lI
1s.77 |
14.65
oo:5.7 5
0.3 8
1.78
22.s9(6.82)
0.08
(6.74)
81.45
(88.1e)
(88.1e)
(88.r9)
tss.rsl973.94
(0.09.
(0.09.
(0.0e(0 09
52.03 |-l
s2.03 |
I
l
48.34
0.76
22.17
0.66
276.05
347.98
(29s.9s)
(2es.es)
191.68
(487.63)
(487.63)
(487.63)
(4S7.63)
973.-94
(0.51l(0 5l.
(0.51.
(0 51
7l.48 |I-l
?1.48 |
I
I
65 R'l i
0.06
16.73
05810.50
93.70
(22.22\
6.69
(rs.s3)233.66
(249._19\
(249.19)
(249.19\
tzri.tgl973.94
(0.261
(0 261
(0.26
(0.26
I
eo,05 |I-l
e0.0s I
83.06
o.oz
23 25
080li. l5
r20.33(30.28)
7.03
(23.2s)
316.85
(340.10)
(340.10)
(340.r0)
tr+o.rol973 94
(2,679.29')
(0 35.
(0 35
(0 35
(0 35
!9!SI The unaudited financial results were reviewed by the Audit Committee and approved at the meeting ofthe Board ofDirectors ofthe Company held on I I February 2016. The
Statutory Auditors have carried out a Limited Review of the financial results for the quarter and nine months ended 3l December 201 5.
2 The Registrar ofCompanies, Andhra Pradesh and Telangana approved change ofname ofthe company from Green Fire Agri Commodities Limited to 'Proseed
India Limrted' effective lrom l2th January, 2016.
3 The p1mary business segment of the Company is "commodity trading". Ar; the Company operates in a single business segment, separate segment disclosure under Clause 4 I ofthe Listing agreemenl is not relevant.
4 Previous periods figures have been regrouped and rearranged whereever necessary
For d on behalfofthe Board ofProseed India Limited
{'Place: Hyderabad
Date : ll February2016
Proseed India Limited (Formerly known as GreenFireAgri Commodities Ltd.)
Prakash Rao
Wholetime Director & CEO
CIN: L0 | 403TG2002PLC039 | I 3
Regd. Off:8-2-6861819ll,3rd Floor; GAMUT Square, Road No 12, Banjara Hills, Hyderabad - 500034.Telangana, India.
T: +91-40-23548353, F: +91-40-23548537, Email: [email protected], wwwproseedindia.in
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