November 10, 2016

The Deputy Manager

Department of Corporate Services
BSE Limited
P. J. Towers, Dalal Street, Fort
Mumbai 400 001

The Company Secretary

The Calcutta Stock Exchange Association Ltd.
7, Lyons Range
Kolkata-700 001

Ref : Scrip Code BSE 531737, CSE - 23195

Sub: Submission of Q-II Results along with Limited Review Report by Statutory Auditors
Respected Sir or Madam,
With reference to the above and in compliance with Regulation 33(3) of SEBI LODR Regulations,
2015, we are enclosing with this letter, Provisional Financial Results (Un-audited) for the 2nd
quarter and half year ended on 30th September 2016 (Q-II) for the financial year ending on 31st
March 2017 together with Limited Review Report by Statutory Auditors.
Kindly take the same on your record & oblige.
This is for the information of Members.

Thanking You,
Yours Faithfully,
For GREENCREST FINANCIAL SERVICES LIMITED
Formerly Marigold Glass Industries Limited

SUSHIL PARAKH
DIN : 02596801
MANAGING DIRECTOR
Enclosed : a/a

GREENCREST FINANCIAL SERVICES LIMITED

(Formerly known as Marigold Glass Industries Limited)
Regd. Office : Office No. 8, Ganesh Chandra Avenue,1st Floor, Kolkata-700013
CIN - L65921WB1993PLC057785, Email : marigoldglass.ind@gmail.com / greencrestfin@gmail.com, Wesbite : www.greencrestfin.com
Statement of Unaudited Financial Results for the Quarter & Six months ended 30th September 2016
Rs. in Lakhs

Particulars
Sr.
No.
1 Income from Operations
a) Net Sales/Income from Operations
b) Other Operating Income
Total Income from Operations (Net)
2 Expenses
(a) Cost of Material Consumed
(b) Purchases of Stock-in-trade
(c) Changes in Inventories of Finished Goods, Work-in-Progress
and Stock-in-Trade

3
4
5
6
7

(d) Employees Benefit Expenses

(e) Depreciation & Amortization Expenses
(f) Other Expenses
Total Expenses
Profit/(Loss) from Operations before other Income, finance
cost and exceptional Expenses (1-2)
Other Income/(Loss)
Profit/(Loss) from ordinary activities before finance costs and
exceptional items (3+4)
Finance Costs
Profit/(Loss) from ordinary activities after finance cost but
before exceptional items (3+4)
Exceptional Items
Profit(+)/Loss(-) from ordinary activities before Tax (7-8)

8
9
10 Tax Expense
11
12
13
14
15

Net Profit (+)/Loss(-) from ordinary activities after tax (9-10)

Extra Ordinary Items (Net of Tax Expense of Rs.
Lac)
Net Profit (+)/Loss(-) for the period (11-12)
Share of Profit/(Loss) of Associates*
Minority Interest*

Net Profit (+)/Loss(-) after tax, minority interest and Share of

16 Profit / (Loss) of Associates (13-14-15)
17 Paid-up Equity Share Capital (Face Value of Rs. 1/- each)
Reserves excluding revaluation Reserves as per last Balance
18 Sheet

3 Months
ended
30.09.2016

Preceding 3
Months ended
30.06.2016

Correspondin
g 3 Months
ended
30.09.2015

Un-Audited

Corresponding
6 Months
6 Months ended
ended
30.09.2016
30.09.2015

Year to date
figures as on
31.03.2016

Un-Audited

Audited

714.45
81.00
795.45

76.00
76.00

68.00
68.00

714.45
157.00
871.45

150.00
138.00
288.00

492.82

492.82

150.00

(418.82)
3.61
0.42
21.76
99.79

8.65
0.42
10.43
19.50

4.12
0.05
4.33
8.50

(418.82)
12.26
0.84
32.19
119.29

8.65
0.10
10.49
169.24

1,320.17
21.75
2.07
121.78
1,465.77

695.66
-

56.50
-

59.50
-

752.16
-

118.76
-

107.46
-

695.66
-

56.50
-

59.50
-

752.16
-

118.76
-

107.46
4.59

695.66
695.66
-

56.50
56.50
-

59.50
59.50
-

752.16
752.16
-

118.76
118.76
-

102.87
102.87
34.97

695.66
695.66
-

56.50
56.50
-

59.50
59.50
-

752.16
752.16
-

118.76
118.76
-

67.90
2.67
70.57
-

695.66
3,655.08

56.50
3,655.08

59.50
3,655.08

752.16
3,655.08

118.76
3,655.08

70.57
3,655.08

1,262.71
310.52
1,573.23
-

1,127.87

Earning Per Share (before extra-ordinary items) of Rs. 1/19 each (not annualized)
(i) a) Basic
b) Diluted

0.19
0.19

0.02
0.02

0.02
0.02

0.21
0.21

0.03
0.03

0.02
0.02

Earning Per Share (after extra-ordinary items) of Rs. 1/- each

20 (not annualized)
(ii) a) Basic
b) Diluted

0.19
0.19

0.02
0.02

0.02
0.02

0.21
0.21

0.03
0.03

0.02
0.02

Notes :
1.
2.
3.
4.

Segmental Report for the Quarter as per AS-17 is not applicable for the Quarter.
Above results were reviewed by Audit Committee taken on record in Board Meeting held on 10th November, 2016.
Provision for taxation will be made at the end of the Year.
The Auditors of the Company have carried out "Limited Review" of the above financial Results.

Place : Kolkata
Date : 10th November, 2016

For Greencrest Financial Services Limited

S/dSushil Parakh
Managing Director

GREENCREST FINANCIAL SERVICES LIMITED

Statement of Assets & Liabilities
Rs. in Lakhs
Particulars
A

EQUITY & LIABILITIES

1 Shareholders' Fund
(a) Share Capital
(b) Reserves and Surplus
(c) Money Received against Share Warrants
Sub-Total - Share Holders Fund
2 Share Capital Money (Pending Allotment
3 Minority Interest*
4 Non Current Liabilities
(a) Long Term Borrowings
(b) Deferred Tax Liabilities (Net)
(c) Other Long Term Liabilities
(d) Long Term Provisions
Sub-Total - Long Term Liabilities

As At
31st March 2016
Audited

3,655.08
1,880.03
5,535.11
-

3,655.08
1,127.87
4,782.95
-

11.43
11.43

12.28
12.28

Sub-Total - Current Liabilities

42.65
82.88
125.53

42.65
83.51
34.97
161.13

TOTAL EQUITY & LIABILITIES

5,672.07

4,956.36

9.69
12.00
21.69

10.54
12.00
22.54

1,375.13
47.34
112.84
4,105.04
10.03
5,650.38

956.31
137.65
325.28
3,514.58
4,933.82

5,672.07

4,956.36

5 Current Liabilities
(a) Short Term Borrowings
(b) Trade Payables
(c) Other Current Liabilities
(d) Short Term Provisions

30th Sept 2016

Un-Audited

ASSETS
1 Non-Current Assets
(a) Fixed Assets
(b) Goodwill on Consolidation*
(c) Non-Current Investments
(d) Deferred Tax Assets (Net)
(e) Long Term Loans & Advances
(f) Other Non-Current Assets
Sub-Total - Non Current Assets
2 Current Assets
(a) Current Investments
(b) Inventories
(c) Trade Receivables
(d) Cash & Cash Equivalents
(e) Short Term Loans & Advances
(f) Other Current Assets
Sub-Total - Current Assets
TOTAL - ASSETS