(> o Slall OG Oilfield Services Date : 10-02-2016 Dy. Manager Dept. of Corporate Services BSE Limited 1" floor, Rotunda Building, P.J. Tower, Dalal Street, Fort, Mumbai ~ 400 001 Dear Sir, Sub ; Outcome of Board Meeting held on 10 February, 201 Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith Unaudited Consolidated and Standalone Financial Results of the Company for the quarter and nine months ended 31st December, 2015, as reviewed by the Audit Committee and approved by the Board of Directors at their Meeting held today, for your reference and record. We also enclose a copy of the sd Review Report of the Statutory Auditors of the Company on the Unaudited Financial Results for the quarter ended and nine months ended 31st December, 2015 as required under Regulation 33 of the Listing Regulations. ‘The extract of the Financial Results are also being published in the newspapers. Kindly take the same on record and oblige. Thanking you, Yours faithfully, Kg ser> For Asian Oilfield Series Ltd. Company Secretary Encl. a.a. Asian Oilfield Services Ltd. CIN: L23200HR1992PL.C052501 ‘Regd. Office 703, 7h Floor, Tower-A, IRIS Tech Park, Sohna Road, Sector -48, Gurgaon-122018 ‘Phone 491 (124) 660 6400 Fox #91 (124) 660 6406, 660 6440 oi) malGoasiancilfield.com Heb yp /inwmasiancitfield comWalker Chandiok &Co LLP Walker Chandlok & Co LLP (Farery Wale, Chandok & C3) 2st Foo, OLF Sausre Jacaranda Marg, DL Phase ‘Grgson 122002 tna 11491 124 462 2000 991 124462 8001, Review Report on Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Review Report ‘To the Board of Directors of Asian Oilfield Services Limited 1. We have reviewed the accompanying statement of unaudited financial results (the Statement?) of Asian Oilfield Services Limited (the ‘Company’) for the quarter ended 31 December 2015 and the year to date results for the period 1 April 2015 to 31 December 2015. This Statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibilty is to issue a. report on the Statement based on our review. 2. We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410, Review of Intetim 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 misstatement. 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 an audit and accordingly, we do not express an audit opinion. 3. As stated in Note 3 to the accompanying financial results, the Company's trade recinables, short-term loans ‘and advances and longterm loans and adeances as at 31 December 2015 include Rs 348.42 las, Re 1,041.72 lacs and Rs 168.84 las respectively (as at 30 September 2015: Rs 349.39 les, Rs 1,027.56 dacs and Rs 181.16 lacs respective, as at 31 March 2015: Re, 35649 lacs, Ri1,021.12 lacs and Re 181.16 lacs resptvely and as at 31 December 2014: Rs 349.39 lac, Rs, 910.04 lacs and Rs 181.16 lacs respective) Being considered good and recoverable by the management, However, in the absence of sufficient appropriate evidenes, we are unable to comment upon the recoverability of the aforesaid trade reccnables, short-term loans and adkances and long ters laans and advances and the consequential impact if any on the accompanying financial results. The predecessor auditor's review report on the financial results for the quarter and nine months ended 31 December 2014, and the adit opinion on the financial statements for the year ended 31 March 2015 were also qualified in respect of this mate. ce esr ann chm Goma st akan, Mia, ow Oh da Pe Sie eC Crm Cr, ow SE, EO, eaWalker Chandiok &Co LLP For Cha Based on our review conducted as above, exept for the effects of qualification as desorbed in the previews paragraph, nothing has come to our attention that causes us to believe that the ‘accompanying Statement prepared in accordance with applicable accounting standards, as notified under the Companies (Accounting Standards) Rules, 2006 read with Rule 7 of the Companies (Accounts) Rules, 2014 in respect of Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including the manner in which it is to be disclosed, or that it contains any material misstatement. The review of financial results for the three months period ended 30 June 2015, three months period ended 31 December 2014, the year to date results for the period 1 April 2014 to 31 December 2014 and audit of financial statements for the year ended 31 Masch 2015 included, in the Statement was carried out and reported by Deloitte Haskins & Sells vide their qualified review report dated 11 August 2015, 13 February 2015 and qualified audit report dated 30 May 2015 respectively.whose review/audit report has been furnished to us and which have been relied upon by us for the purpose of our review of the Statement. Our review report is not qualified in respect of this matter. ‘Walker Chandiok & Co LLP wtered Accountants Fier Registration Ng: 001076N/N500013, per Partner Membership No. 099514 Neeraj Goel Place: Gurgaon Date: 10 February 2016Asian Oilfield Services Limited = Asian Regd Office: 703, IRIS Tech Park, Tower-A, Sector-48, Gurgaon, Haryana Cav: t2sz00HRi992P10052502 Par Teac pra STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND RINE MONTHS ENDED DECEMBER ST TUS Zoo Gunrer Eade Tine montis ended —— | Year fred Sipiapaois _[ soros/a0vs [aijioaoaa | —waaarnans | —sapaayaona | 370572 {Unaudtea) | (Uneudted | (Unaudited) | (Unaudited) | (Unaudited) | lauded est rene on epetin 38 ——| | ss} sar] | relogat sa] —ar| ae] ear} aro tom op br crm a aa vesssu]—(cosso]frsz0),— cuz7ess)—aanan)nzanso] mines woes] esc] cosa} easuef ssf as etna stent Ferme es] ots] orc] eres] assaf ann >. tess from ordinary activity fore tax (7-8) (1,030.89) (348.44) (359.57) (77.25) (1.208.93}] (1,676.13) ve Lavetor ten pte ang (2,030.89)} (529.58) (1,958.39)} (3,203.71)] (1,676.13) mee wo} ex} caf om] gana wae wa} anf ef emf anf iret fr ee ae: ) The above Standalone Financial Results have been revewell and recommended bythe Aud Committe and approve by the Board of Directors a their mesg hed on Febraary 10,2016 p> The company i engaged inthe busines of Seismic data acquistion ard ts related Services, which as per the Accounting Standard 17 {AS 17)‘Sgment Reporting i consere a the ony reportable seer. J) As ot December 31,2015 the Company has cetan ng oustanding trade receivables, shor ter loans and advances and longterm loans and advances erurting a 348.42 ls, Rs 1.00272 lcs and Rs 168.84 acs respectively as at September 30, 2015; Re 349.38, Re 1.02756 lcs and As 18% 1 ac expect, os at March 31, 201s Bs, $6.49 lacs, SALODLA2 and Rs IEL.I6 lcs eespoctiely and a5 at December 31, 2014: Rs 349.39, S104 and Rs 16116 lcs respectney) the Company reasonably certain that the same are recoverable n rea fut, hence no provision & eauired onthe sre, ‘Tax expense forthe quarter ended September 20, 2015 an rine months ended December 31, 201 Include ax expense relating to cali years amounting tos. 18.14 las. I) Previous quarers/years' figures hove been ragroupad elsif wherever necessary to conform to current per’ presentation For and an beat of nBQoard Joate:rebruary 20,2016 Ashwin Madhav Khandhe Whole Tne DirectorWalker Chandiok &Co LLP Walker Chandiok & Co LLP Femery Wier, Cando & Co) 2st Poor, OLF Square cera Marg, DLF Phase ‘Gurgaon 122002 Ila 1 491 124 462 8000 F491 124 462.8001 Review Report on Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Review Report To the Board of Directors of Asian Oilfield Services Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results (the ‘Statement’) of Asian Oilfield Services Limited (the ‘Company’) and its subsidiaries (the Company and its subsidiaries together referred to as the ‘Group) for the quarter ended 31 December 2015 and the year to date results for the period 1 April 2015 to 31 December 2015, This Statement is the responsibility of the Company's Management and has been. approved by the Boatd of Directors. Our responsibilty isto issue a report on the Statement based on our review. 2. We conducted our review in accordance with the Standard on Review Lingagements (SRE) 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 misstatement. 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 an audit and accordingly, we do not express an audit opinion. 3. As sated in Note 3 t0 the asompanying financial results, the Company's trade recivables, short-term loans cand advances and longterm loans and advances as at 31 December 2015 include Rs 4842 lacs, Ry 104.05 lacs and Rs 168.84 lacs respetively (as at 30 Separsber 2015: Rs 349.39 lacs, Rs 125.59 lacs and Rs 181.16 lacs respective, as at 31 March 2015: Rs 356.49 lacs, Re14640 lacs and Re. 181.16 lacs respectively and as at 31 Dewmber 2014: Rs 349.39 lacs, Rs, 147.24 lacs and Re 181.16 lacs respective) being considered good and recoverable by the management. However, inthe abrence of sufcent ahpropriate evidence, we are unable to comment upon the recmerabilty of the aforesaid trade receirabes, short-term loans and advances and long-term loans and advances and the consequential impact, if any on the accompanying financial results. The predecessor auditor's review roport on the financial results for the quarter and nine months ended 31 December 2014, and the audit pinion on the financial statements for the year ended 31 March 2015 were also qualified in respect ofthis matter, haere ents Vie Corde ACF sed th rity st etrim mmar ACARS te ene Ce Cm ei Hy Ho, Mt He a ln Fe ice Comat re, ew et 100 raWalker Chandiok &Co LLP 4 Based on our review conducted as above and upon consideration of the review reports of other auditors, except for the efests of qualifation as described in the previous paragraph, nothing has ‘come to our attention that causes us to believe that the accompanying Statement prepared in accordance with applicable accounting standards, as notified under the Companies (Accounting Standards) Rules, 2006 read with Rule 7 of the Companies (Accounts) Rules, 2014 in respect of Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including the manner in which it is to be disclosed, or that it contains any material misstatement. We did not review the interim financial results of 2 subsidiaries, included in the Statement, ‘whose interim financial results seflect total revenues (after eliminating intea-group transactions) of 8 867.90 lacs and % 6,771.57 lacs for the quarter and period ended 31 December 2015 respectively and net loss after tax (after eliminating intea-group transactions) of & 1,052.02 lacs and & 1,132.98 las for the quarter and period ended 31 December 2015 respectively. These interim financial results have been reviewed by other auditors whose review reports have been furnished to us and ous report in respect thercof is based solely on the review reports of such other auditors. Our review report is not qualified in respect of this matter. ‘The review of unaudited consolidated financial results for the three months period ended 30 June 2015, three months period ended 31 December 2014, the year to date results for the petiod | April 2014 to 31 December 2014 and audit of consolidated financial statements for the year ended 31 March 2015 included, in the Statement was carried out and reported by Deloitte Haskins & Sells vide their qualified review report dated 11 August 2015, 13 February 2015 and qualified audit report dated 30 May 2015 respectively, whose review/audit report thas been furnished to us and which have been relied upon by us for the purpose of our review of the Statement. Our review report is not qualified in respect of this matter. For Walker Chandiok & Co LLP Chartered Accountants Firm nd ge 3 Naropa ( per Partner Membership No. 099514 ‘Neeraj GoelAsian Oilfield Services Ltd © Asian Reg Office: 703, IRIS Tech Park, Tower-A, Sector-48, Gurgaon, Haryana co anomeric par Tae PS ES OT oS aaa aoa Reena Tare TSE ees [amen pane area — |e ueesea | rt {mss [assay | — sien —| pasion nlm foment ai] ssa | —ssieae| re BIE 2 Sheena sass] casi] agin] deme] amie] SOR Telnaes [scar amr ar aaa] —aescer} er tas tom prt rte nom, ate nt 2 vein mae snd anced aamsal aaa Speman (2) 5 aepnay mercer tenccotncmcins! sseee) ere] paras] case} asman] mre 7. Space emcee | sel soe] pxzen) tener oo} essa] >, atm ray vy fort) couse] sx] ge) arssn| sins] acral fo teen tocol wid orl ante an . hs, ets torn pe) ‘aaoese) ez) ose) asran Gas6) temo te rupee nee pa ce Tana) Tana] aaa} Tea) — Taal Lares Perse ar etary tan) ac of estore tanned 3 sue ‘ ws} asa) aol oss] gua] 3) Shas: oo) ta eco tuo35) aay |, Eales Pere serenrarryms fce ao Fedora etanaotat| a susers a es) aaa 03s} za by ue eos so) tw] Gag) sal oss} _tzi0} Py ses oscerbr 21205 he Conan canoe asad de cals shor tela wns and an tera snc amoung tot Sass 2405s and sree lara Spe 3, Ne Ay 9 3917539 ae tcp onpanys ata Te conontd andl esd facut te bern Geld & ES OMEC-UAE a OSL Petum ei -Sagupr 3) te company as etd pb Candte fran eu. The sued saan resis ef he Cong le heave enone prods te sate of Campin mete maar cam Ky sods are rane ema eno —= seul] aaa meer] el fa Eecore Te ee eT nae cane esa} eee ee —— ‘he company i engage the bse [2) Pres saree Fs ave been eroded wherever eto anc o i ata ston ned saves, heh a per he eating tad 1 (AS 271 ‘Sart Roporng if