KAPIL RAJ FINANCE LIMITED

CIN : L65929DL 1985PLC022788

May 30, 2016.

To,
BombayStock ExchangeLimited
PhirozeJeejeebhoy Towers
Dalal Street,
Mumbai-400 001

Metropolitan Stock Exchangeof India,

(Formerly known as MCXStock Exchange
Limited)
4thFloor, Vibgyor Tower,
BandraKurla Complex,
Bandra (E), Mumbai - 400 098

Subject: Audited Financial Results for the financial year ended March 31! 2016
as per Regulation 33 of SEBI (Listing obligation Disclosure
Requirement) Regulation 2015.
DearSir/Madam,
Pursuant to Regulation 33 of SEBI (Listing Obligation Disclosure Requirement)
Regulation, 2015, we would like to inform your good office that the Boardof Directors
of the Companyat their meeting held today i.e. on May 30, 2016, have approved the
following:
1. Audited Standalonefinancial results for the financial year ended March 31, 2016.
2. Audited Statement of Asset & Liabilities as at March 31, 2016.
3. Auditor Report on the Standalone Financial Resultsof the Company.
4. A copy of Statement showing Impact of Audit Qualifications.
The meeting of the Board of Directors and concluded on 30-May 6:00 pm.
ThankingYou
For Kapil Raj Finance Limited
KAPIL RAJ FINANCE UMITED

~,c~
ATUL C. DOS
GINGOtRECTOR
MANAGINGDIRECTOR

Regd. Office: 8/33, III Floor, Satbhrava School Marg, W. E. A., Karol Bagh, Delhi - 110005
Admn. Office: 204-B, Platinum Mall, Jawahar Road, Ghatkopar (East), Mumbai - 400 077
T : 91-22-6127 5175 W : www.kapilrajfinanceltd.comE:kapilrajfin@gmai1.com

KAPIL RAJ FINANCE LIMITED

Regd. Office:

8/33, III Floor ,Satbhrava School Marg W.E.A , Karol Bagh, New Delhi - 110005, Delhi

Corporate Office: 204, Platinum Mall, Jawahar Road, Ghatkopar (E), Mumbai - 400077
CIN - L65929DL 1985PLC022788
Tel:022-25013708 Fax: 022-25013709 , Website: www.kapilrajfinanceltd.com,

Email: kapilrajfin@gmail.com

AUDITED FINANCIAL RESULTSFOR THE QUARTER & FULL YEAR ENDED 31ST MARCH, 2016
(Rs. In Lacs)

Part I

Standalone

Sr.No. Particulars

Quarter ended
31.12.2015
31.03.2016
(Unaudited)
(Audited)
1

3
4
5
6
7
8
9

Income from Operations

a) Net Sales/Income from Oerations (Net of excise duty)
b) Other Operating Income
Total Income from operations (net)
Expenditure
a) (Increase) / Decreasein Stock
b) Construction Cost incurred during the year
b) Employee benefits expenses
c) Subscription and Membership Fees
e) Other expenditure (Any item exceeding 10%of the total
expenses relating to continuing operations to be shown
separately)
Total expenses
Profit /(Loss) from operations before Other Income, finance
costs and exceptional item (1-2)
Other Income
Profit/(Loss) from ordinary activities before finance costs and
exceptional items (3+4)
Finance Costs
Profit/(Loss) from ordinary activities after finance costs but
before exceptional item (5-6)
Exceptional Items
Profit /(Loss) from ordinary activities after tax (7+8)

6.43

26.934

6.428

Year ended
31.03.2015
(Audited)
18.19

26.934

50.39

31.03.2015
(Audited)
0.314

18.19

50.39

0.314

31.03.2016
(Audited)

3.20
2.01

2.460
23.410

3.35
7.95

9.87
25.78

5.005
8.406

(4.49)

2.874

9.92

12.19

14.921

28.744
(1.810)

21.22
(3.04)

47.84
2.55

28.332
(28.018)

11.709

39.56

30.353

9.899

(3.04)

42.11

2.335

8.50

9.899

(3.04)

33.61

2.335

0.720
5.708
15.56
21.269
8.50
12.769

12.769

9.899/; ~::-,., . "

,
'

,(3.04)

33.61

2.335

Mi\NN"J1NG DlR.ECTOR

10

Tax expenses

11
12

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

Extraordinary Items (Net of Tax ExpensesRs..... )
Net Profit /(Loss) for the period (11 +12)
Share of Profit / (Loss)of Associates
Minority Interest
Net Profit! (Loss)after taxes, monority interest and share of
profit/(loss) of associates (13+14+15)
Paid-up equity share capital
(Face Value of the Share Rs.10 each)
Reservesexcluding Revaluation Reservesas per balance sheet of
previous accounting year
i) Earnings Per Share (before extraordinary items)

13
14
15
16
17

18
19

Basic & Diluted

ii) Earnings Per Share (after extraordinary items)
Basic & Diluted

10.39

2.384

9.899

0.54
(3.58)

10.39
23.22

2.199
0.136

2.384

9.899

(3.58)

23.22

0.136

2.384

9.899

(3.58)

23.22

0.136

514.000

514.000

514.00

514.00

514.000

25.56

2.130

0.05

0.193

(0.07)

0.45

0.003

0.05

0.193

(0.07)

0.45

0.003

Notes:The audited financial statement

for the quarter and year ended 31st March, 2016 have been taken on record by the Board of Directors at its meeting held

on May 30, 2016. The statutory

auditors have expressed an qualified

The said results are standalone,

hence the point No.14, 15 and 16 are not applicable.

Figures for previous year/period

have been regrouped/

audit opinion.

rearranged wherever considered necessary, to confirm to the classification

for the

current quarter /year.

By Order of the Board

KAr)!L \-\_.'\.1 F':;': :-'\.-,::_Lll\/:!-rElJ

~-1.,t-I'~
Place:
Date:

ATUL C. DOSHI
Managing Di~k).GU'~G DIRECTOR

Mumbai
May 30, 2016

DIN: 06826992

--~~~

---

--------

KAPIL RAJ FINANCE

STATEMENT OF ASEETS AND LIABILITIES

LIMITED
AS ON MARCH 31, 2016

(Rs In Lakhs)

PARTUCULARS
A

EQUITYAND LIABILITIES

Shareholders' fund
514.000
25.561

(a) ShareCapital
(b) Reservesand Surplus
(c) Money ReceivedAgainst ShareWarrants
Sub-total -Shareholders' funds
2

31.03.2015
Audited

31.03.2016
Audited

514.000
2.129

539.561

516.129

Non-Current Liabilities
(a) Loan Funds
(b) Deferred Tax Liability (Net)
Sub-total Non-Current Liabilities

971.332
0.009
971.341

0.000

Current Liabilities
(a) Other Current Liabilities
(b) Short Term Provisons
Sub-total Current Liabilities

0.775
13.214
13.989

0.000
4.877
4.877

1,524.890

TOTAL - EQUITYAND LIABILITIES

B

ASSETS

Non-Current Assets
(a) Fixed Assets- Tangible Assets
(b) Long Term Loans and Advances
Sub-total Non-Current Assets

Investments

Current Assets
(c) Cashand cash equivalents
(d) Stock in Trade
(e) Deposits
(f) Other Current Assets
Sub-total Current Assets

TOTAL - ASSETS

521.006

0.454
166.000
166.454

0.000
257.937
257.94

0.000

25.85

170.971
72.639
833.000
281.826
1,358.436

65.153
0.000
161.000
11.067
237.220

1,524.890

521.006

KAPILRAJ FINANCELIMITED

Date: May 30, 2016

Place: Mumbai

CA PANKA} P. SANGHAVI
a.com. (liOns.), M. A. (PhIIj. RCA
CA ANKIT P. SANGHAVI

Pcmfi4j P. S4119fiavi &- CO.

8.Com..A.CA

CHARTERED ACCOUNTANTS

302, Jyoti Chambers, 372, Narshi Natha Street, Masjid Sunder (W). Mumbai 400009.
Tel. : +91-22-4023 415611/8, +91~222341 4158 Telefax: +91-22-2341 4156
E~mail: admln@cappsco.in-Website:cappsco.in

Independent Auditor's Report On Quarterly Financial Results and Year to Date

Results of the Company Pursuant to Regulation 33 SEBI (Listing Obligations and
bisclosure Requirements) Regulations 2015

To
Board of Directors of
Kapil Raj Finance Limited,
1. We have audited the quarterly financial results of Kapil Raj Finance Limited for the
quarter ended March 31, 2016 and the financial results for the year ended March 31,
2016, attached herewith, being submitted by the Company pursuant to the
requirement of Regulation 33 SEBl (Listing Obligations and Disclosure Requirements)
Regulations 2015, except for the disclosures regarding 'Public Shareholding' and
'Promoter and Promoter Group Shareholding' which have been traced from
disclosures made by the management and have not been audited by us. The
quarterly financial results and the published year-to-date figures up to December 31,
2015, being the date of the end of the third quarter of the current financial year,
which were subject to limited review. The financial results for the quarter ensled
March 31, 2016 have been prepared on the basic of the financial results for the ninemonth period ended December 31, 2015, the audited annual financial statements as
at and for the year ended March 31, 2016, and the relevant requirements of Clause
41 of the Listing Agreement and are the responsibility of the Company's
management and have been approved by the Board of Directors of the Company.
Our responsibility is to express an opinion on these financial results based on our
review of the financial results for the nine-month period ended December 31, 2015
which was prepared in accordance with the recognition and measurement principles
laid down in Accounting Standard (AS) 25, Interim Financial Reporting, specified
under Section 133 of the Companies Act,20l3 read with rule 7 of the Companies
(Accounts) Rules, 2014 and other accounting principles generally accepted in India;
our audit of the annual financial statements as at and for the year ended Marct) 31,
2016; and the relevant requirements of Regulation 33 SEBl (Listing Obligations and
Disclosure Requirements) Regulations 2015.
2. 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
misstatements. An audit includes examining on a test basic, 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 baste for our opinion.

PcaW9 P. Sangfi4vi.

It Co.

CHARTERED ACCOUNTANTS

3. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our qualified audit opinion.
BASIS FOR QUALIFIED OPINION
L The company carries on Finance Activities and hence by the guidelines issued by
the Reserve Bank of India, the company complies to be a Non~Banking Financial
Company (NBFC). This requires the company to get itself registered with the
Reserve Bank of India as a NBFe but the company has not made any formal
application with the Reserve Bank ofIndia to get itself registered.
2. The company has not registered and enrolled itself as per the provisions of the
Maharashtra State Tax on Prefesslon, Trades, Calling and Employment Act, 1975
which attracts Tax liability under the Act, along with Interest and Penalty under
the provisions due thereon. The extent of liability is not determinable in absence
of availability of relevant information. To this extent the Current Liabilities are
under-stated .
3. The company is carrying exceptionally large Cash Balance in the Books. This is
prejudicial to the interest of the company.
4. The company has not passed Special Resolution to borrow moneys exceeding the
limits specified under section 180 (1) (c) of the Companies Act, 2013 which is
aggregate of its paid up Share Capltal and Free Reserves of the company.
4. In our opinion and to the best of our information and according to the explanations
given to us, except for the effects of the matters described in paragraphs 1 to 4 of
the Basis for Qualified Opinion paragraph, these quarterly financial results as well as
the yearto date results:
i.

Are presented in accordance with the requirements of Regulation 33 SEBI

(Listing Obligations and Disclosure Requirements) Regulations 2015 in this
regard;

Ii.

give a true and fair view of the net profit and other financial information for
the quarter ended March 31, 2016 and for the year ended March 31, 2016.

PctMaj P. SangfUwllt Co.

CHARTERED ACCOUNTANTS

S. Further, read with paragraph 1 above, we report that figures for the quarter ended
March 31., 2016 represent the derived fjgures between the audited figures in respect
of the financial year ended March 31, 2016 and the published year -to-date figures
up to December 3it 2015, being the date of the end of the third quarter of the
current financial year, which were subjected a limited review as stated In paragraph

1 above.

For Pankaj P. Sanghavi and Co.

Chartered Accountants
ICAl FRN: 107356W

Partner
M. No.,: 131353
Place: Mumbai
Date: May 30, 2016

ANNEXURE I
5t.temen, on Impact of Aydit Qualifications (for audit report with modified opinion)
submitted alorig..wfth Annual Audited Financial Results - {Standaloneand Consolidat~

seD9rgt,trJ

n.

Ad Qutll,ftgtion(ftSh au$lit gualiflQioo

a.

seDaratelY}j

Details of Audit Qualification:

!me company

carnes on Finance Activities and hence by t~e guidelines issued by the

Reserve a.nk of India, the company complies to be a NonSanking Financial Company
(NBFC).This requires the company to get itself registered with the ReserveBankof India
as a NBFCbut the company has not made any formal application with the ReserveBank 01
ndfa to get Itself registered.

b.

Type of Audit QuaUfication : Qualified Opinion I Disclaimer of Opinion I Adverse

Opinion

c.

Frequency of qualification: Whether appeared first time I repetitive I since

how long continuing

d.

Qualified Opinion

Appeared first time

For Audit Qualfflcatlon(s) where the Impact Is quantified by the auditor,

Management's Views:

e.

No. management is in process of getting company registered with RBI.

For Audit QuaUfication(s) where the impact is not quantified by the auditor:

(i)
(ii)

Management's estimation on the impact of audit qualfffcatlon:

If management Is unable to estimate the impact, reasons for the same:

Dependent on RBI for penalty if any no specified penalties

(Iii)

Auditors' Comments on (1) or (ii) above:

ttl.

1._:

,CEO/~gtntDlredOr.

Mr. Atvl C. Oo$hi

: Mr. Umesh P. Parekh

CFQ

AudIt Commtttee Chairman: Mr. HeeratalR. Jai$Wa(~:!!:!.5

Statutory Auditor

FOR PANKAJ P. SANGHA VI &

CHARTERED ACCOUNTANTS

Place: Mumbaf

Date: 30.5.2016

"'i.1

No. 131353
..~

FIRM ICAI REGISTRATION

No.1073S6W

ANNEXURE I
Statement on Impact 9f Audit Qualifications (for audit report with modified opinion)
$Ubmitt!cl along-with Annual Audited Financial Results {Standalone and Consolidated

separately) .
II.

AudttOUalltfgrtton
a.

(ncb audit gualK1ca$ion separatetvlj

Details of Audit Qualification:

The company has not registered and enrolled itself as per the proviSions of th
Maharashtra State Tax on Profession, Trades, Calling and EmploymentAct, 197
which attracts Tax Liabilityunder the Act, along with Interest and Penalty uncle
the provisions due thereon. The extent of liability is not determinable in absenc
of availability of relevant information. To this extent the Current Liabilities ar
under-stated.

b.

Type of Audit Qualification: Qualified Opinion I Disclaimerof Opinion/ Adverse

Opinion

Qualified Opinion
Frequency of qualification: Whether appeared first time I repetitive I since how
tong continuing

c.

d,

Appeared first time

For Audit QuaUfiation(s) where the impact is quantified by the auditor;

Management's Views:

e.

No, managementis in process of getting company registered with Maharashtra

State Tax on Profession, Trades, Calling and Employment Act, 1975

For Audit Qu,lIfic~tlon{s) where the impact is not quantified by the auditor:

(i)

Management's estimation on the impact of audit qualification:

The managementestimates the total penalty to be tessthan Rs.50,OOO/

(iiI If management Isunableto estimate the impact, reasons forthe same:

(iii)

Auditors' Comments on (I) or (il) above:

III.

_tgrtes;

CEO/ManatintDlrector:

Mr. Atul C. Doshi

.alJ)~""

~
: Mr. Umesh P. Parekh "/'"

'FO

Audit Committee Chairman: Mr. Heeralal R. Jaiswar

Statutory Auditor

FOR PANKAJ P. SANGHAVI & CO.

CHARTEREOAC;~NlANTS~l.

Place: Murnbat

~"""""'..-

Date: 30.5.2016

AVI)

..

If

..

(11j a._~~~

N o. 131353.)t11 .~

FIRM leAl REGISTRATION

No. 107356 W

ANNEXYREI

II.

Ayd!t Qy,lfflgWon (each ,udjt quaUflcatton separatEt!y);

Details of Audft Qualification:

a.

The company is carrying exceptionally large Cash Balance in the Books.This

i1

prejudidal to the interest of the company.'

b.

Type of Audk QualKlcation : Qualmed Opinion I Di'claimer of Opinion I Adverse

Opinion

e.

Qualified Opinion

Frequency of quaUflcatlon: Whether appeared first time / repetitive / since

how long continuing

d.

Appeared first time

For Audit Qualification(s) where the Impact is quantified by the auditor,

Management's Views:

e,

The company will deposit back all cash balances in excess of expenses
needed for current year.

for Audit Qualification(s) where the Impact is not quantified by the auditor:

(i)

Management's estimation on the impact of audit qualification:

Nit as the company does not get any interest in current account of the
corripany additionally the directors have given company interest free
loan more than the cash balance available.

(iiI If management is unable to estimate the impact, reasons for the same:

(iii)

Auditors' Comments on (I) or (il) above:

. CEO/ManegingOlrector:

Mr. Atul C~ Doshi

~,.c..,~

: Mr. Utne$h P. Parekh

CFO

Audit CommitteeChatrman:Mr. Heeralal R. Jafswar~

...

Cf.!/"

ANNEXURE I

sytemcmt 9" Igag

of Audit QualifleattonS(fgr audit repQ,tt with m9difled Winion)

ijibjtted at2fi(withAnnuat

Audited Financial Result!) - (Standalone and Consolidated

gparately)
II.

Audit OUaUflcation (eacb audit qualification separately):

a.

Details of

Audit Qualification:

The company has not passed Special Resolution to borrow moneys exceeding
the limits specified under section 180 (1) (c) of the Companies Act, 2013 which
is aggrega.te of its paid up Share Capital and Free Reserves of the company.
b.

Type of Audit Qualification: QuaUfiedOpinion I Disclaimer of Opinion I Adverse

Opinion

c.

Frequency of qualification: Whether appeared first time I repetitive I since

how (ong continuing

d.

Appeared first time

For Audit Qualification(s) where the impact is quantified by the auditor,

Management's Views:

e.

Qualified Opinion

The company would get the same passes in the AGM.

For Audit QualificaUon(s) where the impact Is not quantified by the auditor:

Ii)

Management's estimation on the impact of audit Qualification:

Nit as, most of loan the loans taken are interest free.

(il)

If

(iii)

Auditors' Comments on (i) or (ii) above:

management 15unable to estimate the impact, reasons for the same:

"

~..v

CEOIManlIfr'II Director: Mr. Atui C. Doshi

(FO

: Mr. UmeshP. parekh~'

AudltCommftteeChairman:Mr. HeeratalR. Jaiswa,(_W~

StatutoryAuditor

FOR PANKAJ P. SANGHA VI &

CHAATEREOACCOUNTANTS

Cf". No. 131353.~i1

~.

Murnba1
"

Date: JO~5.2014