CINNo,:Ll7290GJ2005P1C046345

: www.PradiPoverseas.com
Website

l O t nA u g u s t 2
, 0 l6
TheMonoger,
TheListingDeportment,
BomboyStockExchongeLimited
DololStreet,
Fort
Mumboi 400001

TheMonoger,
The ListingDeportment,
NotionolStock Exchongeof Indio,
ExchongePlozo,
Bondro KurloComplex,
Bondro ( Eost)
Mumboi 400051

Deor-Sir,
Sub.: UnouditedFinonciolresultsond LimitedReviewReportof the
Compony for the quorterended 30th June,2016.
-Series-EQ
Ref.:BSE:Code 533178 : NSE:Symbol-PRADIP
pursuontto the Regulotion30, 33 ond 52 of the SEBI(ListingObligotionsond
DisclosureRequirerrrent)Regulotion, 2Ol5, (the Listing Regulotion) we enclose
herewitho copy of the Stondoloneunouditedfinonciolresultsof the Compony for
the quorter ended 30th June, 2016os considered ond opproved by the Boord of
Directorsof the compony of its meeting held todoy.
We olso enclose herewith LimitedReviewReportfor the quorter ended 30th June,
2016.Thesoid report corriesQuolificotion.
We oppend hereunderClorificotionon the oforesoidquolificotionos under:Replvto PointNo.3 of Limited ReviewReport:As per the RBIGuidelinesin cose, if the occount is NPA bonks shouldreversethe
interestolreody chorged ond not collected by debiting Profitond Lossoccount,
ond stop further oppticotion of interest.However, bonks moy continue to record
purpose
such occrued interestin o Memorondum occount in their books. For the
of computing GrossAdvonces, interestrecorded in the Memorondum occount
qccount the
shouldnot be token into occount. As the Bonksore not toking in to
interestrecorded in Memorondum, the Compqny hos not Booked expensesof
interestin the Booksof the Compony.

qlangodatAhmedabad-382
INDTA
213.Gularat,
sarkhejBavlaHighway,
Vasna,
Opp.,zldlgc-adila,
Resd.office : 104,105,106,chacharv{adt
com
polexpor@grnail
pot.office@gmail
com,
Tetera
ii oili-zhtiit,2dtge t r-mait: eximbpradipovirseai.com,
294112
relefax: 02717- 294110,

CINNo.:Ll7290GJ2005P1C040;{6

;D
P H A D I PO V E R S E ALST D .

CrossRoads,
Swastik
Complex,
CorporateOffice : A/601,Narnarayan
- 380009.Gujarat,
INDIA'
Ahmedabad
Navrangpura,
2643t594Fax: 0091-79'26420408
Phone: OOgt-Zg-26560630,
: www.pradipoverseas.com
Website

TheMeetingwos ended of 08:20p.m.

Pleosefind the some in order.

T h o n k i n gy o u ,
Y o u r sF o i t h f u l l y ,
F o r ,P R A D I PO V E R S E A S
LIMITED

6f,
( K.B.KAPADTA)
ComponySecretory
FCS4834

INDIA.
Ahmdabad-382
213,Guiarat,
Changodar,
Sa*hejBavlaHighway,
Vasna,
Opp.ZydusCadila,
Regd,Office: 104,105,106,Chadtarwadi,
pol.office@gmail.com,
polexports@gmail.cotn
: exim@pradipoverseas.com,
Teletax:02717-294130,251861
E-mail
Tetefax
: 02717- 294110,
294112

't

P R A D I PO V E H S E ALST D .
SwastikCrossRoads,
Complex,
Corporate Office : A/601,Narnarayan
- 380 009,Gujarat,INDIA.
Ahmedabad
Navrangpura,
2643t594Fax: 0091-79-26420408
Phone: 0091-79-26560630,
Website: www.pradipoverseas.com

P1C046345
Cl N: L17290GJ2005

PRADIPOVERSEASLIMITED
Regd.OttiCe:104t105t106,Ghancharwadi,Vasna,Opp. Zydus Cadila,SarkhejBavla High Way, Changodar,AhmedabadWeb Site :
CIN:L17290GJ2005PLC046345
392 213
WWW.PRADIPOVERSEAS.COM

UnauditedStandaloneFinancialResults of the Companyfor the quarter ended 30TH June, 2016

Year Ended

Quarter ended

Particulars
30.06.2016
(U naudi ted)

(Rs. In Lakhs)

3 1 . 0 3 . 2 0 1 6 30.06.2015
(Audited)

(Unaudited)

31.03.2016
(Audited)

PART I

3
4

5
6
7

B
9
10
11
12
13
14

15
16
17
1B

Income From Operations

from Operations
1. (a) Net Sales/lncome
(b) OtherOperatingIncome
Total Income from Operations(net)
Expenses
a. Costof materialsConsumed
b. Purchaseof stock-in-trade
c. Changesin inventoriesof finishedgoods,
work-in-progress
and stock-in-trade
d. Employeesbenefitexpense
and amortisationexpense
e. Depreciation
f. Otherexpenditure
Total Expenses
Profit / (Loss) from Operations before Other
Income,Financecost and Exceptionalltems
(1-21
O t herI nc om e
ProfiU(Loss)from ordinary activities before
finance costs and Exceptionalltems (3+4)
Financecosts
ProfiU(Loss)from Ordinary activities after
finance costs but before Exceptionalltems
(5-6)
Exceptional
items
ProfiU(Loss)from Ordinary Activities before
tax (7+8)

TaxExpense
Net ProfiU(Loss) from Ordinary Activities
after tax (9-10)
ltem (netof tax expense)
Extraordinary
Net ProfiU(Loss)for the period ('11-121
Shareof Profit/(Loss)of associates
MinorityInterest
Net Profit / (Loss) after taxes, minority
interestand share of profit / (Loss) of
associates(13-14-15).
Paid-upequitysharecapital (FaceValueof
t he S har es h a l lb e i n d i c a te d )
Reserveexcluding RevaluationReservesas
per balancesheet of previous accounting
year

3,858.72
0
3,858./ /
1J4U.UJ

6,967.30

5,224.69
0

23,768.14

0
b g b/ . 3 u

5,224.69

23.768.14

/ 4U I./- t

4,5E5.5E

24. 917. 20

1,4.O3 t,215.06
L80.42
1,14.45
100.94
87.67
L70.95
241.01
2s4.L7
1 , 9 3 1 . 9 7 27548.89 2,OrL.4t
35,306.03
3,802.37
8,097.46

s6.35
63.06

Ltg.41
231.98

5,050.68
432.78
853. 97
34 , 183. 69
65,438.33

( 2 8 , 3 3 8 . 7 3 ) (2,872.77)
l_,685.82
21.7L

(41,670.19)

(28,317.O21 ( 1, 1 8 6 . 9 5 )

(40,002.33)

(8,539.58) 3,416.20

1, 007. 68

1 , 667. 86

(4,603.16)

( 4 1, 0 1 0 . 0 1 )
0

(LLz.s7l (19,934.82]. (4,600.23)

( 4 1, 0 1 0 . 0 1 )

(1.r2.57) (19,777.44)
0

'2.9'/

( 1 5/ . J U

(37.s2)

(9,359.15)

(464.e31

(12,912.40)

(75 05)

(10,575.67)

(4,135.31)

(28 , 097. 61)

(7s.os) (10.s7s.67)
0
0

0
0

( 4 , 13 5 . 3 1 )
0
0

(7s.0s) ( 1 0 , 5 7 5 . 6 7 ) ( 4 , 1 3 5 . 3 1 )
4,844.O2

4,844.02

4,844.O2

0
(28 , 097. 61)

0
0

(28, 097. 61)

4.844.02

(71,54L.13)

qlangodatAhmedabd-382
lNDlA.
213 Gujarat,
EavlaHigh$ray,
Sarkhei
Vasna,
Opp.ZydusCadita,
R{}gd.Office: 104,105,106,ChachaMadi,
polexports@gmail.com
pol.office@gmarl.com,
r.ia-ri*, oiiiz zg4rrb,'zg+itzreterax: oil'J-zgctlo, zitg6t r-mait: exim@pradipovirseas.com,

l'''
\ P R A D ToPv E H s E ALs T D '

SwastikCrossRoads,
Complex,
Corporate Office : A/601,Narnarayan
INDIA.
Gujarat,
009.
380
Ahmedabad
Naviangpura,
2643t594Fax : 0091-79-26420408
Phone: 0091-79-26560630,
Website: www.PradiPoverseas.com

Earningper share (before extraordinary

items) (of Rs. 10/-each)(notannualised)
B as ic and Dil u te d
earning per share (after extraordinaryitems)
( of Rs . 10/ -ea c h )(n o ta n n u a l i s e d) Ba s i c a nd
ors of the ComPanYat their
, 016.
meetingh
s e l do n 1 O t hA u g u s t 2
F'guresfor the currentquarterhave been regroupedwherevernecessary.
in one segmentonlYi.e.Textile.
T h e C o m p a n yl s e n g

P lqc e : A hme d o b o d
Dot e : lO t h Au g u s t,2 0 1 6

LIMITED
PRADIPOVERSEAS

,Q^
-^.i-.
' \:Y\\*4'-v-.-Y'-'*'/

) \ ,

(PRAD.PJ. KARTA)
CHAIRMAN& MANAGINGDIRECTOR (DlN No' 001237481

ffiadi,Vasna,opp'.z}d!!-cdi|a,sarkhejBav|aHi9hway,changoda'Ahmedabad-382213.Guiarat,tNDlA'
com
com,polexports@gmail
iol.office@gmarl
Tetefai'6iZr7zdciid, zitSst e-rait, erit-6pndipouin"ai.com'
294112
Te6fax: 02717-294110,

/-vhok @hanwal& Go
A C C O U N TA

C HA RT ERED

NTS

Head Office : 4 1 6 0 2N
, a rn a ra y a nC o mp l ex,N earS w asti kC rossR oad,N avrangpura,
A hmedabad- 380 009.
P h o n e : ( O ) 079 - 2644 8255,2656 4343 (M) : +91 9426001221 E-maif : ashokdhariwal200
4@yahoo.coin

INDEPENDENT AUDITORS' REVIEW REPORT

TO THE BOARD OF DIRECTORS OF
PRADIP OVERSEAS LIMITED
I
I .

We have reviewed the accompanying Statement of Unaudited Financial Results of

PRADIP OVERSEAS LIMITED ("the Company") for the quarter ended 3oth June, }OLG
("the Statemeflt"), being submitted by the Company' pursuant to the requirements of
R e g u l a t i o n3 3 o f t h e S E B I ( L i s t i n g O b l i g a t i o n sa n d D i s c l o s u r eR e q u i r e m e n t s )R e g u l a t i o n s ,2 0 1 5
a s a m e n d e d . T h i s s t a t e m e n t i s t h e r e s p o n s i b i l i t yo f t h e C o m p a n y ' s M a n a g e m e n t a n d h a s b e e n
a p p r o v e d b y t h e B o a r d o f D i r e c t o r s . O u r r e s p o n s i b i l i t yi s t o i s s u e a r e p o r t o n t h e s e f i n a n c i a l
statements based on our review.

2.

We conducted our review of the Statement in accordance with the Standard on Revtew
E ngag e m e n ts (S R E ) 2 4 1 0 , ' R e vi ew of Interi m Fi nanci al Informati on performed by t he
I ndepe n d e n t A u d i to r o f th e E n ti ty' , i ssued by the Insti tute of C hartered A ccountants of I ndia.
T h i s s t a n d a r d r e q u i r e s t h a t w e p l a n a n d p e r f o r m t h e r e v i e w t o o b t a i n m o d e r a t e a s s u r a n c ea s
to whether the financial statements are free of material misstatement. A review is limited
p r i m a r i l y t o i n q u i r i e so f C o m p a n y p e r s o n n e la n d a n a l y t i c a lp r o c e d u r e sa p p l i e d t o f i n a n c i a ld a t a
and thus provide less assurancethan an'audit. We have not performed an audit and
a c c o r d i n g l y ,w e d o n o t e x p r e s s a n a u d i t o p i n i o n .

3.

Basis for Qualified Conclusions

D u e t o d e f a u l t s i n p a y m e n t o f b a n k l o a n s , t h e C o m p a n y ' s a c c o u n t s h a v e b e e n c l a s s i f i e da s N o n
P e r f o r m i n gA s s e t s ( N P A ) b y t h e b a n k s . M o s t o f t h e b a n k s h a v e n o t c h a r g e d i n t e r e s t o n t h e
Company'sborrowings/ loans. During the period under review, no provisionhas been mace
for such interest in the books of accounts of the company and to that extent bank's toan
l i a b i l i t ya n d t o t a l l o s s i s u n d e r s t a t e db y R s . 3 5 . 8 0 C r .

A
-f.

Based on our review conducted as above, except for the effect of the matters stated in Basis
f o r Q u a l i f i e d C o n c l u s i o n s ,n o t h i n g h a s c o m e t o o u r n o t i c e t h a t c a u s e s u s t o b e l i e v e t h a t r n e
a c c o m p a n y i n gS t a t e m e n t , p r e p a r e d i n a c c o r d a n c ew i t h t h e A c c o u n t i n g S t a n d a r d s a s s p e c i f i e d
u n d e r S e c t i o n 1 3 3 o f t h e C o m p a n i e sA c t , 2 0 1 3 , r e a d w i t h r e l e v a n t r u l e s i s s u e d t h e r e u n d e r a n d
o t h e r r e c o g n i z e da c c o u n t i n g p r a c t i c e sa n d p o l i c i e s ,h a s n o t d i s c l o s e dt h e i n f o r m a t i o n r e q u i r e d
t o b e d i s c l o s e di n t e r m s o f R e g u l a t i o n3 3 . o f t h e S E B I ( L i s t i n g O b l i g a t i o n sa n d D i s c l o s u r e
R e q u i r e m e n t s ) R e g u l a t i o n s ,2 A I 5 , r e a d w i t h S E B I C i r c u l a r N o . C I R / C F D / F A C / 6 2 / 2 0 1 6d a t e d
J u l y 5 , 2 0 1 6 i n c l u d i n gt h e m a n n e r i n w h i c h i t i s t o b e d i s c l o s e d o, r t h a t i t c o n t a i n sa n y m a t e r i a l
misstatement.

ffi
Branchoffice : 20-cAngelica,
cosmosLounge,
Manpada,
Thane(w) - 400602.
(M) : +919029006101
E-mail:dhariwat_sh@hotmait.com

/-vhok

& eo

C H A R T E R E D A C C O U N T A N T S
A hmedabad- 380 00 9.
Head O f f ic e : A1 6 0 2N, a rn a ra y a nC o m p l e x,N ear S w asti kC rossR oad,N avrangpura,
co in
:
ashokdhariwa12004@yahoo
Phone : (O) 079 2644 8255, 2656 4343 (M) : +91 9426001221 E-mail

5.

A l l a h a b a dB a n k a n d K a r u r V y a s a B a n t <
We draw attention to the fact that State Bank of India,
& R e c o n s t r u c t i o nP v t ' L t d ' ( " l n v e n t " ) '
h a v e a s s i g n e dt h e i r d e b t t o I n v e n t A s s e t s e c u r i t i s a t i o n
with Invent on 29il'July, 2al6 for the
The company has entered into settrementagreement
settlement agreement, if all the terms anCI
repayment of the said debts. In terms of the
upto February,2a21, there will be reductlon
c o n d i t i o n sa r e f u l l y c o m p l i e d w i t h b y t h e c o m p a n y
by Rs' 347'45 Cr'
i n d e b t , a s p e r b o o k s o f a c c o u n t so f t h e c o m p a n y
F o r A s h o k D h a r i w a l& C o .
C h ar t e r e d A c c o u n t an t s
( R e g i s t r a t i o nN o . 1 0 0 6 4 8 W )
' \ f ' "

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t

'r

C A A s h o kD h a r i w a l
Partner
M e m b e r s h iN
Po . 3 6 4 5 2
D a t e : 1 O t nA u g u s t , 2 0 1 6
P l a c e :A h m e d a b a d

Branch Office : 2}-CAngelica,CosmosLounge,Manpada,Thane (W) 400 607

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