Manubhai & Shah Chartered Accountants To ‘The Board of Directors of SKYLINE MILLARS LIMITED LIMITED REVIEW REPORT OF THE UNAUDITED FINANCIAL, RESULTS OF SKYLINE MILLARS LIMITED FOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER, 2014. We have reviewed the accompanying statement of "Unaudited financial results for the quarter and six months ended 30% September, 2014 (the statement) of Skyline Millars Limited, (the Company) except for the disclosures regarding ‘Public Shareholding’, Promoter and Promoter Group Shareholding’ and ‘number of investor complaints’ which have been traced from disclosures made by the management and have not been audited by us. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial results based on our review. We have conducted our review of the statement in accordance with.the Standard on Review Engagements 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 statement is free of material misstatements. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed audit and accordingly we do not express and audit opinion. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited financial results prepared in accordance with the recognition and measurement principles laid down in Accounting Standard (AS) 25 Interim Financial Reporting issued pursuant to the Companies (Accounting Standards) Rules, 2006 which continue to apply under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of clause 41 of the listing Agreement with oor, ‘8’ Wing, Premium House, Near Gandhigram Rly. Station, Navrangpura, Ahmedabad-380 009, Gujarat, India 26580956, 26580966, 26582484, 26585064 Fax: 91-79-26583673 jUdyog Mandir - 1, Pitamber Lane, Mahim (W), Mumbai - 400 016. fne : 022-66104748, 66104750 mail: info@msglobal.co.in Website» www msgiobal coinManubhai & Shah Chartered Accountants stock exchanges including the manner in which it is to be disclosed, or that it contains any material misstatement. FOR MANUBHAI & SHAH. Chartered Accountants FRN 106041W (KSHITU PATEL) Partner Membership No: 045740 Mumbai, November 12, 2014 2nd Floor, 'B' Wing, Premium House, Near Gandhigram Rly. Station, Navrangpura, Anmedabad-380 009. Gujarat, india. Phone : 26580956, 26580066, 26582484, 26585064 Fax : 91-79-26583573 213, Udyog Mandir 1, Ptanber Lane, Mahim (W), Mumbai - 400 076 Phone: 022-66104748, 66104760 Email info@msglobal.co:in Website: warn msgiobal.co.inSKYLINE MILLARS LIMITED ao CIN NO, L63020N11919PL.COONGAO REGD. OFFICE : SKYLINE OASIS, GATE NO 2,2 412413, SKYLINE WEALTHSPACE, PREMIUM ROAD, VIDYAVIHAR (W), MUMBAT-0 086, Unaudited Financial Results for the Quarter / Half Year Ended 30th September 2014 (stn Lacs) [Paricaare Tuonths] —Precedig3 | Corresponding [euro daie|Veartodur] EAR] ‘ended} months eaded | 3 months ended | figures for figures for] ENDE snosraatg] " 3oncizale| —300972013/ Months] Months] 31/03/2014 |Winaadites}]_(iaauaites) | (Unaudited) | ended) ende swop0i4} 300972013] |Wanulted|(Vsnudied)| (Audited) T [insane from operations a) Net salesinome from operations (Net of excise duty) 13103 suis racso| rire] e226) 1443.01 0) Omer operating income aa : : ca " ‘otal income from operations (nt OAT ae Tea] oer | aes 2 Jexpenses |) Cost of materias consumed aa eas 6693) scar) suo] 202.69 Ib) Purchases of toekin-trade 234 Sa sor] si] 1905] 2691 Ke) Changes in inventories of inished goods, 2605 css) sas] 2420) ates | esa worka-progress and stocioctrade |e) Cast of Flats Transfered 280 usa] 9s] i426] 920.08 Ky mplayer benefits expense 9.26 5298 asn| nai} seat] 123.70 {Depreciation and amortisation expense 2491 2480 ssi| 47] ints] 3720 i) Other expenses, ws os gsm) sas] 66] 239.17 Total expensed_—19647 1H men] ee] Ses] STS 3 |Profit (Los) fom operations before other 6694) cos.is om] asst] 2515] 78.46) income, nance costs and exceptional ten 4s Jotser income as aa us} 1687] sos] reser 5 ]Peont (Las) from ordinary aetviies can] nat] aaa) sean] grat before finance cnt and exceptions items (3+ 4) 6 [Finance costs aur wn] + oa] asa] gas] asa 7 Jeon (Las) fom ordinary activities ater (oss) i793) uit] ass] sage] 22.08 nance costs but before exceptional items (8-6) 1 exceptions tems : . - : 9 [Prot os fom ordinary aes before tax (7-8) (oss) crr9a) srs] 2.86] 22.08 tot ax expense Current Tas 5 oss) wis] sz [Lest tat Credit Entitene 5 : (573) Deferred Tax 1380 vas} sso} tap] a9 1] Nex Peo (Loss from ordinary actives ater tax 9-10) ase] ar7as] x] ans) 240] 130] 2 festrnordinary hems (eto ax expense) : . - 3] Net Profit (Las) forthe period (11-1 335] i793) coisa) 2940] 130] S]Paidsop equity sare capt aan] aa waa] wana] —— a Face Vale of Relea) 1s|Reserves excluding Revaluation Reserve as per balance shet of previous atcounting year \ofFarnings per share (befor extraordinary items) Int annualised except yearly) (Rs) a) Basie 20) 29} eon] as] 007] 0.08) ()vitates 20) 9} (oon) asin} oor] (0.08) 1 faraings pr share after extrard not snnuatised except yearly) (Rs) la Basi 2) 29} on] sn} 007] 08) (0) Ditates 20) 029} on] osm] oor] @.08)Twaniie] Preceding | Corresponding [Year to date Year to dae] ended] months ended | 3 months ended | figures for] gures for] 300972014) 301062014] ” 3010972013] 6 Monts] 6 Monts Unaudited] (Unaudited) | (Unaudited) | ended) ended) VEAL 4 {PARTICULARS OF SHAREHOLDING soosno14) sosn013] 3430: |Wnaudited| Unaudited] (Audited) T [Public sharehoting [Number of shares namiw| ans nasi] anu] issue] use| Percentage of sharcholding 2a 20 raw] anse| ane a0 2 Promoters and Promoter Group Shareholding n)Pledged / Encumbered Number of shares su ni na wa nu xu | Percentage of shares (asa % of the total sit x me x Ni nL shareholding of promoter and promoter jeroup) - Percentage of shares (asa % of the total sare capital ofthe company) b) Non encumbered | Number of shares reso] ass: 2ra8181 ation Percentage of shares (as n % of the total i) ou tesco] soono| sone] tone shareholding ofthe Promoter and Promoter eroup) Percentage of shares (as 2 % of the total au] a0 cr) re) a) ise share capital ofthe company Partcalare Ton ended 3010872014 BIINVESTOR COMPLAINTS Pending a the beginning ofthe quart Received during the quarter 5 bisposed of during the quarter 5 Remaining vnretlved atthe end ofthe quater : The above financial results of Skyline Millars Ltd. (the Company’ or 'SML’) have been reviewed by the Audit Committee and approved at the meeting of the Board of Directors of the company held on November 12, 2014. 2) The Statutory auditors of the company have carried outa limited review on the financial results of the Company. 3) Realty Segment ‘The Company has followed percentage completion method, as per the Guidance Note on Recognition of Revenue by Real Estate Developers by the ICAI. An estimated profit upto percentage of work completed till 30th September, 2014 is considered in this Segment Accordingly, proportionate cost and revenue in respect of sale of flats have been included in above Results. ‘There were no Investor complaints pending at the beginning of the quarter. During the quarter five complaints were received, which were duly resolved. Jd or" OrPIF OLSST ALvsa Wa 0 erect » Sadld 1S¥9-d (4 tos9e INGIdINDA NOLLIMISNOD (| aaAoTUNa TLV] eee (rs (eer area XVI WaLaV LOI TVLOI| are OFF 9 ; ‘OFT XV. 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DAO "GOTY (069000. 14616 THINDZOE9T “ON NID QG.LINIT SUV UW AN IANS,5) Statement of Assets and Liabilities as at 30th September, 2014 (Rs. In Lacs) ASAT] ASAT] PARTICULARS soosn01s] 31/03/2014 wNauprrep)| _aubrTeD| EQUITY AND LIABILITIES SHAREHOLDERS’ FUNDS Share Capital 402.24 402.24 Reserves and Surplus 3,504.61 3,708.04 INON-CURRENT LIABILITIES Long Term Borrowings 34730 395.73 Deferred Tax Liabilities (Ne) 80.25 66.45 Other Long Term Liabilities 24.42 24.42 Long Term Provisions 1539 9.49 |CURRENT LIABILITIES “Trade Payables 192.05 193.69 Other Current Liabilities 230.27 194.85 ‘Short Term Provisions 176.98 115.78 TOTAL 4973351 31068 |ASSETS INON-CURRENT ASSETS Fixed Assets Tangible Assets 1,808.82 1,842.28 Capital Work In Progress é [Non Current Investments 3.08 3.08 Long Term Loans And Advances 207.72 236.59 (Other Non-Current Assets 1,462.51 1443.68 |CURRENT ASSETS. Inventories 617.26 653.67 Trade Receivables 263.61 288.08 |Cash and Bank Balances» 257.46 434.83 Short-term Loans and Advances 67.08 35.06 |Other Current Assets 285.97 1341 TOTAL, WBS 5110.68 6) Figures for the earlier periods have been re-grouped / re-arranged wherever necessary. Place : Mumbai Date : November 12, 2014 For Skyline Milars Limited Coli: Sart Director