I

Ref. No. GGFL/052016/SE/02

Date: 25.05.2016

To,
BSE Limited
Phiroze jeejeebhoy Towers,
Dalal Street,
Mumbal- 400001
Company Code: 530579

To,
The Calcutta Stock Exchange Limited
7, Lyons Range,
Kolkata- 700001
Company Code: 10017059

Dear Sir,

Pursuant to Regulation 33 of SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015,
we are enclosing herewith the following:.
(a) Audited Standalone Financial Results for the quarter and financial year ended 3IS1March, 2016
along with Statement of Assets and Liabilities for the year ended 31" March, 2016.
(b) Auditor's Report on the Audited Standalone Financial Results along with Form A in the prescribed
,
,,
. ,
format.
,
,
,
,
(c) Audited .~onsdidated:~inancial;<eshlts along with Statement of Assets and' ~iabilitiesfor thc
,
,
,
,
financial year en'ded 31.t March. 2916. 1
,
,
(d) ~uditor's:~f;pqrt.on
the ~ u d i t e a ' c o i j s d l i d ~ t ~inancial
ed
kesujts'for the financial year ended 31sL
i

nd approved by the Beard of Directors

Resrilts is also available on the
website of the Company (www.noldengoenka.com), The BSE Limited (www.bseindia.com) and The
Calcutta Stock Exchange Limited (www.cse-india.com).
The results in the prescribed format will be published in the Newspapers pursuant to Regulation
47(l)(b) of SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Meeting ofthe Board of Directors commenced on 4:00 P.M. and concluded on 8:40 P.M.
This is for your information & records.
Thanking you,
Yours Faithfully
For Golden Goenka Fincorp Limited

Amrita Mohta Kothari

(Company Secretary)

[Encl: As above]

Registered Office:

1st British Indian Street, Room No, 010,Kolkata - 700 069,West Bengal, India, Tel: +91 33 2262 3827
Corporate Office:
1 s t British Indian Street, 1st Floor, Room No. 109,Kolkata - 700 069,West Bengal, India
Tel: +91 33 4004 2424,44070023-28,Fax: +91 33 4407 0020
Email: contact@goldengoenka.com,Website: Y ~ . @ l d , e p ~ f i a . c o m

C\N :- ~fis9Q?l\iV\>
1

''-

Chartered Accountants

Auditor's Report O n Quarterly Financial Results and Year t o Date Results of t h e Golden
Goenka Fincorp Limited Pursuant t o the Regulation 33 o f the SEBI (Listing Obligations and
Disclosure Requirements] Regulations, 2015
To Board of Directors of Golden Goenka Fincorp Limited
We have audited the quarterly financiai results of Golden Goenka Fincorp Limited for the quarter
ended 31" March, 2016 and the year to date financial results for the period from 1" April, 2015 to
31" March, 2016, attached herewith, being submitted by the company pursuant t o the requirement
of Regulation 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015.
These quarterly financial results as well as the year t o date financial results have been prepared on
the basis of the interim financial statements, which are the responsibility of the company's
management. Our responsibiiity is t o express an opinion on these financial results based on our
audit of such interim financial statements, which have been prepared in accordance with the
recognition and measurement principles laid down in Accounting Standard for Interim Financial
Reporting (AS) 25, prescribed, under Section 133 of the Companies Act, 2013 read with relevant
rules issued thereunder and other accounting principles generaliy accepted in lndia.
We conducted our audit in accordance with the auditing standards generally accepted in India.
Those standards require that we plan and perform the audit to obtain'reasonable assurance about
whether the financial results are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts disclosed as financiai results. An audit also includes
assessing the accounting principles used and significant estimates made by management. We
believe that our audit provides a reasonable basis for our opinion.
In our opinion and t o the best of our information and according to the explanations given t o us these
quarterly financiai results as well as the year to date results:

(i) are presented in accordance with the requirements of Regulation 33 of the SEBl (Listing
Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and
(ii) give a true and fair view of the net profit and other financial information for the quarter
ended 31" March, 2016 as well as the year t o date results for the period from 1'' Apri1'2015
to 31" March, 2016.
For Das & Prasad
Chartered Accountants

Anii Kumar Agarwal

"r.,@d~ e c od* ~

Partner
Membership NO: 062368

Place: Koikata
Date: 25LhMav 2016

4,

Chowrlnghee Lane, Block - Ill, 8th Floor, Suit # 8 F , Kolkata - 700 016
Tel. : +91 33 2252 1911/12. Fax: 2252 1913
E-mail : d.pkolkata@yahoo.cap
Website : www.dasandprasad.com

COLDCN COENKA FINCOIW L111TEU

Comor8e I d c n ~ i r i c n i ~~nv m h r rL65993WB1993PLC060377
Ilcgd ilurwc: IY Brilish lndirn ?lren. llilom No. H-I". Kolkna- 7ilD 00'1 \Vcbrilr: mr.poldP7#eoen*:b.~or##,Email ror invrrtorr: r n l ~ l n ~ t ~ ~ ~ ~ ~ l l d ~ ~ ~ ~ ~ x n k ~ ; . ~ ; ~ ; ~ ; ~ ; ~ ;

re!:- +913372623827

ax

191 33 44010U20

SlATEMENTOFS'rANDALONEAllDlTEDFlNANClAL RESllLTSFORTHE OllARTERAND YEARENDED31STMARCII. 201(1

Qanrfer ended

Pertbulora

3 1 - 6
(Rcrierrl)

PART I

I.Inmm*
~

~~~~~~~

id llnuamc I.'m~n0glationi
I!,) OLhcr <!,>endiny i,,co,ne
'Total lnruene from Operrtions
2. l~X1,C#,SC~
"
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cm~ng

161i). Eunlillgs I'erSh;se(hejblpcxI~wrlliMIyitems)'

(Pact Ydue t 31- cach)
(I1 l i l r i c ir Diluiril

31-Dec-15
(Rcviewml)

31-blrr-15
(Revie,rrd)

I
568
568

I
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l ? in Lakhsl
YInr r l l d r d
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is

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31-Mar-I6
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VOniculnrd
A. EQLII.I'Y AND L I A B I L I T I E S
I. s l t a r e h ~ i r l ~nmen
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i Z > I sl>~,rco,,,i~,~
ib! Iiesrrrcs Nld S Y ~ Q ~ Y S
Sub-Lolal- Shnrelloldcn' Punrls

Parl1c"l.r.

U. ASSETS
I.Nun-currm, *r.*,r
,%I
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ih) No),-Cunci~cI ~ v ~ ~ t l n c n l c
(cJ I 1 c k r x d I:<* ,YSY~S(NCI)
(d) I o n ~ i c r l n
Lo:es m d 4dvnnces

31-&tar-16
(haditod)

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h
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(<I) < I ~ I ~ C ~ C L N TA~ ~I ~~\ C C ?
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-

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dcomnlittce
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~ DIIFEIUB
~ d
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?!,I> M r ) 2016.
~ i l i :.I:IAUIIC~L
r
ir 8,s ~ l v rrbc lepolntol~ ~ ~ S E (l.iiti,~z
UI
obligations ;uri ~ i s r i o r u Rquilellicna)
~r
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?ills.

' i ~ i s ; x h ~ ~ r ~ r elsi ~u rl ~ rh r . w r c n d a:Is(

d ~ a r c h , z n 1 6and 31s ~ n r c l i i. o l s imve heell r i ~ d i ~ c d b y c lsi cn u t a ~ yhudilorr o r t ~ c c o ~ n l x n ~ y .

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the h.lmcing figures ~ ~ L W ;,~diled
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rarppc~o~t~,c
rril linrnrin~
ycnrand ,he publirhpd yerr.to-&lu
iigules
upal iilc third qurnr.r <.I ,I,< clr nm
fina,,ci21 > c a .
illc m;ul:~xr.natl is ol'Ll>e v i c v \I>&!
h e b~lsi#~o
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.egnielll uii. "Pinmrirl rhld Reliaad Selvicci" at14 lhcncr. !hi. diril,>;tiri.
,~,~
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i
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horin? lrcc rrlue eiUIn cdcll iln l?ii;lli.
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~
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53.48% lodi.551. Henrc SSCVLcerSed lo heihcruhridisr)oioulC<>mpmny.I l n v c ~ c irl r i l l r c l n l i r ;m mrmialc<lilheCornpnly..
~:~rib~
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th
h s rrrrult. our holdini! i n s s c ~ ~ . ( Y n h rcduced
ur
i z m i ? . j 5 % la i P O i l i .

iKal?li#>gsI'CIS~I~IC
(Dilsic &! O i l ~ I ~ tlhrvc
l)
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heell

calcalned

in3

per 4ccocmling Stardud-?,I 'Euniil!g Per Shue' nolili*l by Ihc Cerxral C'nimnlal antic C o l n p l l l i ~ ri.\rcotil:lla::

For Golclen Goend:# I:incc,rp I.illlilell

FORM A

CEO/Managing Director
Auditors of the company
Audit Committee Chairman

Girdhari La1 Goenka

r Golden Goenka Fincorp I,irnited-,l

Chartered Accountants

KolLata

Anil Kumar Agarwal

Partner
Membership No. 062368
For nGolden
Goenka Fincorp
.

"

Niranjan Kumar Choraria

Chairman -Audit Committee

Date:- 25.05.2016
Place:- Kolkata

Chartered Accountants

Auditor's Report On Consolidated Year t o Date Results o f Golden Goenka Fincorp Limited Pursuant t o
the Regulation 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015
To Board of Directors of Golden Golenka Fincorp Limited
1.

We have audited the accompanying consolidated financial results ('the Statement) of Golden
Goenka Fincorp Limited ('the Company') and its subsidiaries (collectively referred t o as 'the
Group')and associates for the year ended 31'' March 2016, attached herewith, being submitted by
the Company pursuant t o requirement of Regulation 33 of SEBl (Listing Obligations and Disclosure
Requirements) Regulations, 2015.

2.

The Statement has been prepared based on the basis of annual,consolidated financial statements
which are the responsibility of Company's management. Our responsibility is t o express an opinion
on the Statement based on our audit of such consolidated financial statements, which have been
prepared in accordance with the recognition and the measurement principles laid down under
relevant accounting standard prescribed under section 133 of the Companies Act, 2013 ('the Act')
read with rule 7 of the Companies (Accounts) Rules, 2014 and other accounting principles generally
accepted in lndia and in compliance with requirement of Regulation 33 of SEBl (Listing Obligations
and Disclosure Requirements) Regulations, 2015.

3.

We conducted our audit in accordance with the auditing standards generally accepted in lndia.
Those standards require that we plan and perform the audit t o obtain reasonable assurance about
whether the financial results are free of material misstatement(s). An audit includes examining, on
a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes
assessing the accounting principles used and significant estimates made by management. We
believe that our audit provides a reasonable basis for our opinion.

4.

a) We did not audit the financial statements of 6(six) subsidiaries included in the consolidated year
t o date results, whose financial statements reflect total assets of Rs.1909.47 lacs as at 31" March
2016 and total revenue of Rs.792.14 lacs for the year ended on that date. These financial
statements and other financial information have been audited by other auditors whose reports
have been furnished t o us by the Management and our opinion on the consolidated financial
results, in so far as it relates t o the amounts and disclosures included in respect o f these
subsidiaries is based solely on the reports of other auditors.
b) We did not audit the financial statements of 1(one) its associates wherein the Group's share of
profit (net) aggregate of Rs. 0.76 lacs. I t s financial statement and other financial information have
been audited by other auditor whose report have been furnished t o us by the Management and
our opinion on the consolidated financial results, in so far as it relates t o the amount and
disclosures included in respect of this associate is based solely on the reports of other auditor.

4 , Ghowringhee Lane, Block - Ill, 8th Floor, Suit Y 8F, Kolkata 700 016
Tel. : +91 33 2252 1911/12, Fax : 2252 1913
E-ma.! d pkolkataQyaho0 c a p
Weoslte www dasandprasad.com

5.

In our opinion and t o the best o f our information and according t o the explanations given to us, the
Statement:
(i) include financial results of the following entities;
Name o f the Entity

Relationship

Golden Goenka Financial Advisors Private

Limited

Subsidiary

Golden Goenka Management Consultancy

Services Private Limited

Subsidiary

Golden Goenka Properties & Construction Private

Limited

Subsidiary

Aristro Capital Markets Limited

Good Point Conclave Private Limited

Subsidiary
Subsidiary

Linkwise Promoters Private limited

Shree Saishraddha Cements Private limited

Subsidiary
Associate

Further we draw attention t o Point No. 6 t o the consolidated financial statements, in respect o f
non consolidation of financial results of one of its Associates namely M/s Purple Advertising
Services Private Limited due t o non availability o f audited accounts for the year ended 31"
March'l6.

(ii) have been presented in accordance with the requirements of Regulation 33 of the SEBl (Listing
Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and
(iii) give a true and fair view of the consolidated net profit and other,financial information for the year
ended 31" March 2016

For Das & Prasad

Chartered Accountants
Firm Registratiop No: 0303044E

Anil Kumar Agarwal

Partner
Membership No.: 062368
Place: Kolkata
Date: 2sth May, 2016

GOI.DEN GOPUI<,\ FINCORP LIMITED

Ccqm."~ 1dcnliliri;mn N L V ? L65993WBl993PLCO60377
>~E~
Resd n16a irl061rh Indian Slrue,. Rmm No. U l O . l i ~ l l a i l -7110 06% \ V c l i l L . xrr.~olmy~~~~I~..nm.~
P"llil For i""~,,~,,~,C~~B~"I~~"S~C,,IIII"I

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S,,I,-loid No,,.C,,rm",

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091 SI~u#'~Tern>
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Sah-lotnl- C u n m t Liabilities
T O T A l r E O l l l T V i \ N D 1.IABILITIES

12,611

1. N o , , ~ ~ u " l mASS",,
l
(a) F8.d Arrrtr
( b i Nnh~Curle81tInveslmc,>a

Ic) Dviemrol Tar Arrcis(Nel1

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Sub-total -C111.rcatli\~tf(
TWrr\L. -ASSETS

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r
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Cumpm?.

by !lie

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s o n i % ~ l i d ~lii,nnzn
lcd
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i
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1l!ere 8s #inmq~li#en>e~m
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~ ~
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v
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r
ui
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d
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c dIUIWOII~~YYII )~LIIIIU*.
IIari,g the pcrlod "(>dmreview. S l i r S
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,~,.r,~,~n~g rrccraluelifl
ioi- enc), on P , , V , I ~ ~ ~ l a c e n A<
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d 75,61.00.000~nl b,1l.OO.OW A~cordlnglyunr lholdlng 8nSSCPLhm drrreried imln 5348% ,017 51% Hence
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. . Ilolievei~L\nil rcmr>nan vrroccalcofrhe(.o#,>yn<v
. .
i u n ! ~ cthe
~ Company ihns sold CUOOOOequmaliaer uf SSCPL on 5th April2016 +r r readr, nur lh<irhnz 8" SSCPL, funI~erruit#ccd
tram 4 7 5 5 % lo 18 OIX,

Co~>!nany'rslal>drlale lillr~lclalil?lbr#llalloll13SI. k l o w

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c Dllilieri) lhnvc been caletllo!cd sr 1x1A c c M c ~Sm~idnrd-lo
? ~ ~ ~ 'Emim~gsPer Shnie' 8nnlmded by ii>erc8ia.I
(io$~,,;mellf
ander Canpatilei (Acroi~ul#oz
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I1

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the Compmv l , w x . g o l d c f i l g o e ~ , The B S t Llmlled iy,m.bsrindin.coml m d The Cdculla S r c h Exchmsc Limiled

-1

Pnr Golden Cnenlin P i n c s ~ oLilstilcd

Place. LalLlla
Dnr 2 j l h l a y 2 O l G

C A C L CaenLn
Cllairlsnn! ir hloxaagiolg Director
DIN 006137?5

FORM B
1.

2.

Name ol'thc Company

Golden Goenk;~Fincorp I.~rnitcc!

31.1 March, 2016 (Consolidaled)
Qualified
Appeared
third time
..

1 Annual linanc~alstatenlents for the year ended

-observation

Draw attention to relevant notes in the annual Drawing attention to Note No. 5 (i) ofthe
financial statements and management response Auditors Report to the Consolidated
Financial Results.
to the qualification in the directors report:
Management response has been provided
in the Financial Statement.
I

I
Fincorp Limited

'

CEO/Managing Director
CFO
Auditors of the company
Audit Committee Chairman
Managing Director
(DIN : 00613725)

Gourav Choudhary
Chief Financial Officer

Chartered Accountants
F ~ r mRegistrat~onNo.

Anil Kumar Agarwal

Partner
Membership No. 062368

1 For Golden Goenka Fincorp ~ i m i t e d l

Niranjan Kumar Choraria
Chairman -Audit Committee

Date:- 25.05.2016
Place:- Kolkata