GUJARAT BITUMEN LIMITED

Ahmedabad,
Gujarat380009
RegisteredOffice: 501,Aakruti,NearStadiumCircle,Navrangpura,
CIN: L24117GJi985PLC007985
, Phone/ Fax: 079-26403031
Website:www.quiaratbitumen'com
Email: guiaratbitumen@gmail.com,

SPEEDPOSTAND FAX

To,
BSELIMITED,
C/OLISTINGCOMPLIANCE,
TOWERS
PHIROZEJEEJEEBHOY
DALAL STREET
MUMBAI- 4OOOO1

Date:30.05.2016

DearSir/ Madam,
of BoardMeetingheldon 30.05.2016
Sub:Outcome
Ref.: GuiaratBitumenLtd. ScrioCode-539009
Requirements)
With reference
to Regulation33 of SEBI(ListingObligationandDisclousure
(Amendment)
2015we aresubmittingherewithasunder:
Regulation,
1. Quarterly/YearlyFinancialResultsfor theQuarter/Year endedon31.03.2016
2. Audit reportfor unmodifiedopinionobtainedby IWsLoonia& Associates.
'= 3.
Declarationgivenby theCompany.
Kindlytakeaboveon yourown.
ThankinsYou.
For:

\larat

Bitumen Limited

\--

wonffiiuni
Managing Director
DIN: 05279097

LOONIA & ASSOCIATES

CHARTEREDACCOANTANT

Hitesh Loonia
(B.Com,
A.C.A.,C.M.A.,C.S.)

Auditor'sReportonQuarterlyFinancialResultsandYeartoDateResultsoftheCompany
pursuantto the Regulation 33 of the SEBI (Listing obligations and DisclosureRequirements)
Regulations,2015
To,
Board of Directors of
Gujarat Bitumen Limited

l.WehaveauditedthequarterlyfinancialresultsofGujaratBitumenLimited(.the
year ended March 3l' 2016'
company') for the quarter ended March 31, 2016, and the
pursuant to the requirement of
attached herewith, being submitted by the company
Regulation33oftheSEBI(ListingobligationsandDisclosureRequirements)Regulations,
to datefinancial resultshavebeen
20i5. these quarterlyfinancial resultsas well as the year
preparedonthebasisoftheinterimfinancialstatgments,whicharetheresponsibilityofthe
an opinion on these financial
company's management.Our responsibility is to express
resultsbasedonourauditofsuchinterimfinancialstatements,whichhavebeenpreparedin
accordancewiththerecognitionandmeasurementprincipleslaiddowninAccounting
StandardforlnterimFinancialReporting(AS25),prescribed,underSectionl33ofthe
CompaniesAct,2013readwithrelevantrulesissuedthereunder;orbythelnstituteof
accountingprinciples generally
CharteredAccountantsof India, as applicable and other
accePtedin India.

2.Weconductedourauditinaccordancewiththeauditingstandardsgenerallyacceptedin
India.Thosestandardsrequirethatweplanandperformtheaudittoobtainreasonable
assuranceaboutwhetherthefinancialresultsarefreeofmaterialmisstatement(s),Anaudit
includesexamining,onatestbasis,evidencesupporlingtheamountsdisclosedasfinancial
principles used and significant
results: An audit also includes assessingthe accounting
estimatesmadebymanagement.Webelievethatourauditprovidesareasonablebasisfor
our oPinion.

2lB, Ground Floor, New Cloth Market, Opp. Raipur Gate,Ahmedabad- 380002,

(M)9327311334
Phone: (O)079- 22166502,

Email : Ioonia.associates@gmail.com
; hiteshloonia@gmail.com

3. In our opinionandto the bestofour informationandaccordingto the explanationsgivento

usthesequarterlyfinancialresultsaswell asthe yearto dateresults:
(i)

(it)

arepresentedin accordancewith the requirementsof Regulation33 of the SEBI

Regulations,2015 in this
(Listing Obligationsand DisclosureRequirements)
regard;and
give a true and fair view ofthe net profit and other financial informationfor the
quarterendedMarch31,2016aswell astlte yearendedMarch31,2016
For, Loonia & Associates
CharteredAccountants
Firm Reg.No: 130883W

Hitesh Loonia
Place: Ahmedabad
Date:30.05.2016

Proprietor
Mem, No, 135424

GUJARAT BITUMEN LIMITED

Ahmedabad,
Gujarat-380009
RegisteredOffice: 501,Aakruti,NearStadiumCircle,Navrangrura,
CIN: L24117GJ1985PLC007985
, Phone/ Fax: 079-26403031
Email: guiaratbitumen@qmail.com,
Website:rvrvw.suiaratbitumen.com

To,
BSE Ltd
DCS - Departmentof CorporateServices
PhirozeJeejeebhoyTowers,
Dalal Street,Fort,
Mumbai - 400 001

Date:30.05.2016

Dear Sir/Madam

Sub:Declarationon unmodifiedoninionon the auditedannualfinaneialresults

ason 31.03.2015
ScripCode:539009
Pursuantto Circularno. CIR/CFD/CMD
/5612016dated27'nMay, 2016with regardsto SEBI
(ListingObligationand DisclousureRequirements)
(Amendment)
Regulation,2016we hereby
confirmthat IWs. Loonia& Associates,
Ahmedabad,
StatutoryAuditorsof the company,have
issuedanAudit reportwith unmodifiedopinionon standalone
Financialresultsofthe company
for theQuarterandYearended3l"t March,2016.
Kindly takenoteof thesame.
ThankingYou
For\ GuiaratBitumenLimited
\'

U/

Mriha\Punjabi
Managif,g
Director
DIN: 05279097

General information about company

Scrip code

539009

Name of company

Gujarat Bitumen Limited

Result Type

Main Format

Class of security

Equity

Date of start of financial year

01-04-2015

Date of end of financial year

31-03-2016

Date of board meeting when results were approved

30-05-2016

Date on which prior intimation of the meeting for considering financial results was informed to the exchange

23-05-2016

Description of presentation currency

INR

Level of rounding used in financial results

Actual

Reporting Quarter

Yearly

Nature of report standalone or consolidated

Standalone

Whether results are audited or unaudited

Audited

Segment Reporting

Single segment

Description of single segment

Trading of Bitumen

Quarterly & Half Yearly Financial Result by Companies Other than Banks

Particulars

3 months
ended (ddmm-yyyy)

Previous 3
months ended
(dd-mmyyyy)

Corresponding 3
months ended in the
previous year (ddmm-yyyy)

Year to date
figures for
current period
ended (dd-mmyyyy)

Year to date
figures for
previous period
ended (dd-mmyyyy)

Previous
accounting
year ended
(dd-mm-yyyy)

Date of start of
reporting period

01-01-2016

01-10-2015

01-01-2015

01-04-2015

01-04-2014

01-04-2014

Date of end of
reporting period

31-03-2016

31-12-2015

31-03-2015

31-03-2016

31-03-2015

31-03-2015

Whether results are

audited or unaudited

Audited

Unaudited

Audited

Audited

Audited

Audited

Nature of report
standalone or
consolidated

Standalone

Standalone

Standalone

Standalone

Standalone

Standalone

52250

896598

896598

1590432

590000

1600992

608500

608500

Part I
1

Revenue From Operations

Net sales or Revenue
from Operations
Other operating
revenues
Total Revenue from
operations (net)

1590432

590000

1653242

1505098

1505098

Expenses

(a)

Cost of materials
consumed

(b)

Purchases of stockin-trade

616028

616028

(c)

Changes in
inventories of
finished goods,
work-in-progress and
stock-in-trade

43010

-43010

-43010

(d)

Employee benefit
expense

40500

40500

96500

162000

128000

128000

(e)

Depreciation and
amortisation expense

5815

400

3616

7233

3616

3616

(f)

Other Expenses

Other Expenses
including
Administrative &
Distribution Exp

Prior Period
Expenses written off
Total other
expenses

212758

145152

301933

816402

586539

586539

-561800

601936

40136

-349042

747088

301933

856538

586539

586539

Total expenses

-302727

787988

402049

1068781

1291173

1291173

Quarterly & Half Yearly Financial Result by Companies Other than Banks

Particulars

3 months
ended (ddmm-yyyy)

Previous 3
months ended
(dd-mmyyyy)

Corresponding 3
months ended in
the previous year
(dd-mm-yyyy)

Year to date
figures for
current period
ended (dd-mmyyyy)

Year to date
figures for
previous period
ended (dd-mmyyyy)

Previous
accounting
year ended
(dd-mm-yyyy)

Date of start of
reporting period

01-01-2016

01-10-2015

01-01-2015

01-04-2015

01-04-2014

01-04-2014

Date of end of
reporting period

31-03-2016

31-12-2015

31-03-2015

31-03-2016

31-03-2015

31-03-2015

Whether results are

audited or unaudited

Audited

Unaudited

Audited

Audited

Audited

Audited

Nature of report
standalone or
consolidated

Standalone

Standalone

Standalone

Standalone

Standalone

Standalone

Part I

Profit (loss) from

operations before
other income,
finance costs and
exceptional items
Other income
Profit (loss) from
ordinary activates
before finance costs
and exceptional
items
Finance costs
Profit (loss) from
ordinary activities
after finance costs
but before
exceptional items

1893159

-787988

187951

584461

213925

213925

1893159

-787988

187951

584461

213925

213925

4753

298

5912

4438

4438

1888406

-787988

187653

578549

209487

209487

Prior period items

before tax

Exceptional items

1888406

-787988

187653

578549

209487

209487

175000

64800

175000

64800

64800

1713406

-787988

122853

403549

144687

144687

1713406

-787988

122853

403549

144687

144687

10
11
12
13

14

15

Profit (loss) from

ordinary activities
before tax
Tax Expense
Net profit (loss)
from ordinary
activities after tax
Extraordinary items
Net Profit Loss for
the period from
continuing
operations
Profit (loss) from
discontinuing

operations before tax

16

Tax expense of
discontinuing
operations

17

Net profit (loss)

from discontinuing
operation after tax

18

Profit (loss) for

period before
minority interest

1713406

-787988

122853

403549

144687

144687

21

Net Profit (loss)

after taxes minority
interest and share of
profit (loss) of
associates

1713406

-787988

122853

403549

144687

144687

Quarterly & Half Yearly Financial Result by Companies Other than Banks

Particulars

3 months
ended (ddmm-yyyy)

Previous 3
months ended
(dd-mmyyyy)

Corresponding 3
months ended in the
previous year (ddmm-yyyy)

Year to date
figures for
current period
ended (dd-mmyyyy)

Year to date
figures for
previous period
ended (dd-mmyyyy)

Previous
accounting
year ended
(dd-mm-yyyy)

Date of start of
reporting period

01-01-2016

01-10-2015

01-01-2015

01-04-2015

01-04-2014

01-04-2014

Date of end of
reporting period

31-03-2016

31-12-2015

31-03-2015

31-03-2016

31-03-2015

31-03-2015

Whether results
are audited or
unaudited

Audited

Unaudited

Audited

Audited

Audited

Audited

Nature of report
standalone or
consolidated

Standalone

Standalone

Standalone

Standalone

Standalone

Standalone

Part I
22

Details of equity share capital

Paid-up equity
share capital

50000000

50000000

50000000

50000000

50000000

50000000

10

10

10

10

10

10

407732

-69717

-69717

Basic earnings
per share before
extraordinary
items

0.343

-0.158

0.025

0.081

0.029

0.029

Diluted earnings
per share before
extraordinary
items

0.343

-0.158

0.025

0.081

0.029

0.029

Face value of
equity share
capital
23

Details of debt securities

24

Reserves
excluding
revaluation
reserve

26

Earnings per share

ii

Earnings per
share before
extraordinary
items

Earnings per share after extraordinary items

Basic earnings
per share after
extraordinary
items

0.343

-0.158

0.025

0.081

0.029

0.029

Diluted earnings
per share after
extraordinary
items

0.343

-0.158

0.025

0.081

0.029

0.029

30

Disclosure of
notes on
financial results

Textual Information(1)

Text Block
1. The above financial results were reviewed by audit committe and approved by the Board of
Directors in their meeting held on 30.05.2016
2. The statutory auditor has carried out a limited review on financial results for the quarter ended
march 31.03.2016
3. Figures for the previous year/ Quarter have been re-grouped / Re-arranged , wherever necessary.
Textual Information(1)

4. During the quarter, no Complaints were receved from the investors. There was no complaint
pending at the beginnig and at the end of the quarter.
5. The Company operates in a single segment.There is no other segment of the Company as per
Accounting Standard-17 issued by ICAI, So segment report is not presented.
6. The figures for the quarter ended 31st March are the balancing figure between figures in respect of
full Financial Year and the published year to date figures upto 31st Decmber.

Statement of Asset and Liabilities

Current year ended (dd-mmyyyy)

Previous year ended (dd-mmyyyy)

Date of start of reporting period

01-04-2015

01-04-2014

Date of end of reporting period

31-03-2016

31-03-2015

Audited

Audited

Standalone

Standalone

Particulars

Whether results are audited or unaudited

Nature of report standalone or consolidated
Equity and liabilities
1

Shareholders' funds
Share capital

50000000

50000000

407732

4183

50407732

50004183

200000

350000

200000

350000

507005

460505

354450

172933

Total current liabilities

861455

633438

Total equity and liabilities

51469187

50987621

10851

18084

Reserves and surplus

Money received against share warrants
Total shareholders' funds
2

Share application money pending allotment

Deferred government grants

Non-current liabilities
Long-term borrowings
Deferred tax liabilities (net)
Foreign currency monetary item translation difference liability
account
Other long-term liabilities
Long-term provisions
Total non-current liabilities

Current liabilities
Short-term borrowings
Trade payables
Other current liabilities
Short-term provisions

Assets
1

Non-current assets

(i)

Fixed assets
Tangible assets
Producing properties

Intangible assets

10851

18084

Preproducing properties
Tangible assets capital work-in-progress
Intangible assets under development or work-in-progress
Total fixed assets

Statement of Asset and Liabilities

Current year ended (dd-mmyyyy)

Previous year ended (dd-mmyyyy)

Date of start of reporting period

01-04-2015

01-04-2014

Date of end of reporting period

31-03-2016

31-03-2015

Audited

Audited

Standalone

Standalone

Particulars

Whether results are audited or unaudited

Nature of report standalone or consolidated
(ii)

Non-current investments

(v)

Deferred tax assets (net)

101

101

(vi)

Foreign currency monetary item translation difference asset

account

(vii)

Long-term loans and advances

50116269

49489540

(viii)

Other non-current assets

449440

641676

50576661

50149401

Current investments

Inventories

43010

Trade receivables

277483

277483

Cash and bank balances

456000

420045

Short-term loans and advances

159043

97682

Total current assets

892526

838220

Total assets

51469187

50987621

Total non-current assets

Current assets

Other current assets

Disclosure of notes on assets and liabilities