Patels Airtemp (India) Ltd .

.~

Ref. No.PAT/SSE/November 2016-17/80

Date: 12th November, 2016
To.

SSE Ltd.

Corporate Relation Department

Phiroze Jeejeebhoy Towers,

Dalal Street. Fort.

Mumbai: 400 001

Scrip Code No. 517417

Sub: Outcome of the Meeting of Board of Directors of the Company as per Regulation 30 of
the SEBI (listing Obligations & Disclosure Requirements) Regulations, 2015 Read with Para
A of Part-A of Schedule III.

With reference to the captioned subject, we hereby inform you that the Directors of the
Company at their Board Meeting held on today Le. Saturday, 12th November, 2016 considered
& approved Unaudited Financial Results (Standalone) of the Company along with notes
mentioned therein including half yearly statement of Assets & Liabilities as on 30 th September,
2016 and limited Review Report issued by the Statutory Auditors of the Company for the
Quarter & Half Year ended on 30th September, 2016, pursuant to Regulation 33 of SEBI
(Listing Obligations and Disclosure Requirements) Regulations , 2015. The said Results shall be
available on the Company website i.e. www.patelsairtemp.com.
(Unaudited Financial Results including above details with limited Review Report attached
herewith)
You are requested to take the aforesaid matters on record and placed on the Notice Board and
your website for information to the Public & Shareholders.

Yours faithfully,
FOR~~IRTEMP (INDIA) LIMITED
NIKHIL M. PATEL
COMPANY SECRETARY & COMPLIANCE OFFICER
Enel : As staled Above

ISO 900\ : 2008 COMPANY

~rk.:
605, 806,607.810. Rakanpur 382 721.

Via Sola 8hadaj Village. Ta.. Kalol.

Cisl . Garodhlflaoar. GuJaral. India.
Tel. : +91 2764 286634 f 35. 286480 I 81.
Fa){ +91 2164 286301
EmaR wor\I;l;@Patelsalrtemp.oom

Regd. Office :
5th Floor. Kalpaoa Complex.
Nr Memnagar Fire Station. Navrangpura.
Ahmedabad - 360 009. Gujarat. India.

Mum bal Office :

Tel +917927913694195196
Fax . +91 79 27913693

Tel. +912226734162 / 63
Telafax +912225734162

Email pro;ect@patelsalr1emp.co....

Email . patelsaJrtempmumbai@v3n1com

310. Oberoi Chambcll'$-U.

New Unk Road. Oshiwar8.
Andheri (W), Mumbal 400 053 India.

-,
ASME V 1"02" I "S"
NATIONAL SOARO "NB"I"R"
MEMBER OF : HTRI - USA

www.patelsairlemp.l:om _ _ __ _ _ __ __ _ _ __ _ _ _ __ __ _ __ _ _

L29t9OGJI992PLCOH801
_ GIN
__NO._
_ _ __ _ _ _

Patels Airtemp (India) Ltd .

STATEMENT 01;: trNAUDlTED STANDALONE FINANCIAL RESUL IS

FOR THE QUARTER & HALF YEAlt ENDED 30TH SEPTEMBER. 2016

s.

r arl iculMS

N,.

Audited
Out)')

"

"

.)C_oI

~l.l<'ri.o"~u~

It) ""n:~ of .,ock-In-tr.ld

<) ChonII<"' In i,,\"mto.1H of finiohn! good., ",'o,).-Inl''''t''''" .1Id """Io.in-l.oIde

d) Employre ""ndits ~~~_

~)

Lobour CNrg..

t) o.pllrloollon .nd ;unort iw,"" "'",",_

iU

15
16

Ot"". ,.

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Rr-,'.olu.lion R..... ",... U

~r

(I) Eoirnin& IT, so....., (8dore E,olr60nlln.f)'

n.J.nc" _~ of r""'''~1 MY'OUt lnr,

lI~n"l

0/ Rs.. 10/ f..:h (NOI AMU.liwod)

BMio; " Dilut.o.j (In Rs.)

(II) E.oming PHSN ....

(Af~.

E>.!,.Ordin.&,)'

II~m.)oI

Ro. 10/'HCh (NQI Annu.I'-l)

""Id on 12lh. N"'~m""f.~,,~,~.;'";s;:;;;;;;;;;t;;;;;;;;;;;;-"";;;;"";;;;;;;;o;;;;;;;;~;;;;;;;;';~~""c;;;;;;;~ ",-=",0+

At l'hrCom"""y """ onIront .. K..... ntol ... ~;v~r n.omely F-"1!'tW\', i"l',, ' 1-o/ d*' "",,",,, ""Iull'(' ..... nts uOO~. Rctu~l ..... 3.JoISES I (Ustin~ OI~Ir.~tioo" Dixk>ou ... ~ul'f....,nt) Rl'gul'tjonf.
'2(11 ~ .<><1 In Ittml Q/ Arr""",lng St~ nd .rd AS-l1 "" -s.r,m.nl KellO,tin g" ..., not 'prUc.I>It-,

Previous Periods' flgu.es

ru"'~

t..."", nvoup...:ljwarmngi'(1. .... J"'r~wr necasary.

For and on behalf of the Board
for PJ dIRTEMP (INDIAl lTD.

PIe: R~lu.np ur (Disl: Candhin.ft.'.)

Dale: 12th. NovemIH-. 201 6

Regd . Office :
Wor1Is :
5th FIoof. Kalpana Complex.
805.806.801.810. Rakanpur 382121.
Nr Memnagar Fire Station. Navrangpura,
Via' Sola - BhadaJ Village. Ta. Kakli,
Ahmedabad _ 380 009 GuJarat. India.
Dis!. Gandhinagar. G!4arat. India
Tel +912164 286634 135.286480181 . Tel. +917927913694/95196
Fax : +91 7927913693
FBll 91 2164 286301
Email: projecl @patalsairtemp.co.ln
Email: lVor1o;s@patelsalrlemp.00I1'I

1'fi"~ACINC
L KUMAR

N. mEL
DIRECTOR)

Mumbal Office :
31 0. Oberoi Chambers-Ii.
New link Road. Oshiwara.
Anc!herl (W). Mumbal- 400 053 India.
Tel. +912226734162' 63
Telefax : +91 2226734 162
EmaIl patelsalrt&mpmumbai@vsnl com

ASME *\.J* I"UZ" '"5'

NATI ONAL BOARD Ne '"R
MEMBER OF . HTRI- USA

CIN NO L2919OGJI992PlCOI7801

www.p.t&lsairtemp.com. ________________ ________________ __ _ _- - - - -- - - - - -

PateIs Airtemp (India) Ltd .

Statement of Standalone Assets and Liabilities as on
30th September, 2016
Sr.
No.

Particulars

RS.IO
. La kh s

.-.

As at Half Year As at Year ended

ended 30.09.2016
31.03.2016

Unaudited
A

EQUITY AND LIABILITIES

Shareholders' Funds
(a) Share Capital
(b) Reserves and Surolus

SUb-total - Shareholders' funds

(b) Deferred tax liabilities (net)

(e) Other long-term liabilities
(d) long Term provisions
Sub-total - Non- Current Liabiliti8$
Current Liabilities
(a) Short term borrowings

(b) Trade payables

(el Other currenlliabilities
(d) Short term provisions
Sub-total - Current Liabilities
TOTAL EQUITY AND LIABILITIES

~~~o,~

Non- Current Assets

(a) Fixed Assets

574.25
260.73
11.53
21 .91
868.42

566.25
253.85
11.53
23.75
855.38

581 .81
1583.53
1641 .77
72 .18
3879.29
11031.91

458.73
1198.45
1054.39
190.51
2902.08
9680.84

2357.32

2325.15

Nil

Nil

(el Non- Current investments

0.20

0.20

Nil

Nil

46.28
1267.98
3671 .78

39.20
705.12
3069.67

3545.15
2546.90
986.52
281.56

2279.85
3508.23
591.62
231.47

Nil

Nil

7360.13
11031 .9'

6611.17

(e) Long Term loans and advances

(f) Other non- current assets

Sub-total - Non- Current Assets
(.;urrent Assets
(a) Current investments
(b) Inventories
(c) Trade receivables
(d) Cash and cash equivalents
(e) Short-term loans and advances
(f) Other current assets
Sub-total - Current A~
TOTAL ASSETS '

"".

~~o.k
Wow

507.02
5416.36
5923.38

(b) Goodwilt on consolidation

(d) Deferred tax assets (net)

&.

507.02
5777.18
6284.20

Non- Current Liabilities

(a) Long-term borrowings

Audited

805.806,807,810. Rakanpur 382 721.

VIII Sola - Bnedaj Village, Ta. Ka/oI,
D!$I. Gaoollinager. Gujarat. India.
Tel. ..91 2764 286634 J 35, 286480 181.
Fall: +91 2754 286301
Emal!' wor\t$@patelsalrtemp.com

Regd. Offh;:.:

~,~ ......

-)

5th Float, Kalpana

Nr Memnagar Fire Statlon, Navnmgpura,
Ahmedabad 380 009. Gujarat, India

Tel. : +91 7927913694 195196

Fa!(. +91 7927913693
Email; project@patelsa(rtemp.coJn

,.~.

'so 0001.
Mumbal OffIce:
310, 0ber0I Chambers-ll,
NewlmkR~.~ra

Andhen (W). Mumbai - 400 053 India

Tel. . +91 2226134162163
Telefax. +91 22 2tl734162
Email : patelsairtempmumbal@vsnl.com

1t!\1
ASME 'U""U2'" {'S'
NATIONAL BOARD 'NB"I-R'
MEMBER OF : HTRI - USA

CIN NO.l2Bl9OGJ1992PLCOI7801
www.patelsairtemp.com._ _ _ _ __ _ _ _ _ __ _ _ _ __ _ _ __ _ _ _ _ _
__ _ _ _ _ __

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REV IEW REPORT

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To the Boa rd of
I/',Ie

Ol rec t or",,: ~

PATELS AIRTEMP (INDIA) LIMITED

11a ve reviewed til e accompanying statement of unaudited financial results ("the

statement') of PATELS AIRTMEP (INDIA) LTD "the com pany ' for the quarter ended
30 t !> September 2016

ThIS statement IS the responsibili ty of the Company's

management and has been approved by the Board of Directors in their mee ting herd
on 1i

n November

2016 Our responsibility is to Issue a report on these financial

stateme nts based on OLlr review

We conducted our review n accorda nce with the Standard on Re View Eng agement
(SRE) 2410, . ReView of tnlenm Financial information pe rformed by the Independent
Auditor" Issued by the Inslttute of Chartered Accountants of India Th is standard
reawes ina, we plan and perform the review 10 obtam moderate assu rance as to
whe ther the finanCi al staternen ts are free of rnaterial misstatement. A review is limited
primarily to InqUines of company personnel and analytical procedures applied to
financial data and thus prOVide less assurance than an audl!. We have not performed
an aud it ard according y we do not expreSs an audit OPinion

WIH10U! qualifying our opinion . we draw your attentIO n to:

i)

Balance of Secured Loans, Unsecured Loans, Debtors, Loans & Advances

& Creditors ilre subject to confirma tion from respective parties,

ii)

The closing stock. DS Dt 30.09,201 6 is as taken , valued and certified by the

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Management.

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ar:-F",;'i<r:'6:'~i~'
s "C"eccnC:teCCr,'O"'p"p:-,7M
Anmedabad 380 009 Phones " +9179 26401701
Fax: + 9179 40092628

iii)

Til e c ompany ha s provided (or Deferred Tax Liabifiry of Rs 3.34 Lncs

and made a Provision for Taxation of Rs.86. 71 Lacs for the qunrter ending
on 3d" September,2016 on estimated basis. We have been informed that
the final prOVision for taxation and Deferred Tax ,if any will be made at the

time of fif1alila~i.p.n of accounts at the end of the year.

Based on our review conducted as above. nothIng has come to our attenilon thaI
causes us to believe that the accompanying statement of unaudited financial
results prepared

In

accorda nce witn Accounting Standard as per Sectlon 133

of ihe Comp anies Act 2013 re ad with Rule 7 of the Companies (Accounts )

Rules

201 4 (as amended )

accepted

In

and other

accounting principles generally

India and ot.t"Jer recogni zed accourtlng practices and policies

has

not disclosed the Informahon reqU ired to be disclosed in terms of RegUlation 33

of the

Securities and Exchange Boa rd

Disclosure

Requirements) Regulation ,2015

of India(lIsting Obligations and

read

with

SEBI

Circu lar

No

ClR.'CFD!CMD 15/2015 Dated November 30 ,2015 and SEE I Circul ar No

CIRfCFD/FAC/62f2016 Dated July.OS.2016 including the manner In which It IS

to be di sclosed , or that it contains any matenal misstatement.

We have no! audited or reVIewed the accompanying financial res ults and other
IwanClal Informa tion for the Quarterfhalf year ended September 30.2015 whi ch
has

oeen

so lely prepa red

based

on the

Information comp lied

management
Dale 1211 .2016

For Pa nkh & Majmudar

a,hartered A.c counlants

F\'NO 10\525W

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Place. Ahmedabad

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PARTN
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by the