Devki Leasing & Finance Limited

Velocity Multiplex, 18-A, Scheme No. 94-C, Ring Road,

INDORE - 452010 (M.P.) INDIA Tel. : +91-731-473 5555 - 69

Fax: +91-731-473 5500 E-mail : devki@sancharnet.in

J
I "

CJGVl li

4* May, 2016
To,

General Manager-Listing
Bombay Stock Exchange Limited,
1st Floor, New Trading Ring,
P. ]. Towers, Dalai Street,

MUMBAI-400 001
Subject : Disclosure of Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure
Requirements] Regulations, 2015.
Dear Sir,
Pursuant to Regulation 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements]
Regulations, 2015, we wish to inform that the Board f Directors in its Adjourned meeting held
on 4th May, 2016 has approved the Audited Financial Results of the Company for the Quarter
/Financial Year ended 31st March, 2016. In this regard, please find enclosed herewith the
following:
1. Audited Financial Results for the Quarter /Financial Year ended 31st March, 2016.
2. Auditors Report on the Audited Financial Results for the financial year ended 31st
March, 2016.
You are requested to please take the same on record.
Thanking You
Yours faithfully

Fnr nEVKI I.FASING AND FINANCE LIMITED

Sudhir Bindal
Managing Director

DIN: 00108548

DEVKI LEASING AND FINANCE LTD

REGD OFF:Velocity multiplex, 18a.Scheme no.94c
Indore(M.P) 452010
email :dlflindore@gmail.com
Website:www.devkileasing.com
Phone no.4735510
AUDITED FINANCIAL RESULTS FOR THE THE YEAR ENDED AND QTR ENDED ON 31.03.16
CINNO:65921MP1993PLC007522

RS:INTHOUSANDS

(AUDITED
1

(a)lncomefromoperations
(b)OtheroperatingIncome

EXPENDITURE
(a)lncreasedecresaeinstockinTrade
(b)ConsumptionofRawmaterial
@PurchasesofTradedGoods
(d)EmployeesCost
(e)Depreciation
(f)Baddebts
(g)Otherexpenditure
(h)Total
profitfromopertionBeforeotherIncome
OtherIncome
ProfitBeforeInterest

3
4
5
6
7

Interest
ProfitAfterInterest
8 DefferedTaxliability
ProfitbeforeTax
9
10 Taxexpenses
11 NetProfitAfterTax
12 ExtraordinaryItem
13 NetProfit
14 Paid-UpEquityCapital@10each
15 Reserveandsurplus
16 EarningperShare
17 Qublicshareholding
Noofshares
Precentageofholdding
18 PromotersandPromotersgroup
(a)Pledged
Noofshares
Percentageofsharesasa%ofthetotal
Shareholdingofpromotersandpromotersgroup
DerecentageofSharesas%oftotalsharecapitalofCo
b)Non-Encumberd
Numberofshares
Percentageofsharesofthetotal
Shareholdingofpromotersandpromotersgroup
PerecentageofSharesas%oftotalsharecapitalofCo

(UNAUDITED) (AUDITED)

(AUDITED)

(AUDITED)

189
5

112
0

1187
334

526
5

1593
334

0
0
0
284
11
0
20
315
-203
0
-203
0
-203
-203

0
0
0
991
45
0
498
1534
-1003
0
-1003
0
-1003
-27
-976
0
976
0
-976
34519
-20059
-0.28

2556

0
0
304
12
0
119
435
-241
-241
0
-241
-27
0
-214
-214
0
-214
34519

0
-203
-203
0
-203
34519

1024
0
0
318
155
0
164
1661
-140
0
-140
0
-140
-110
-30
0
-30
0
-30
34519

-0.06

-0.058

-0.009

1889127
53.83

1889127

1889127
53.83

NIL
NIL
NIL
NIL
NIL

53.83
NIL
NIL
NIL
NIL
NIL

1620473
100%
46.17

NIL
NIL
NIL
NIL
NIL

1620473
100%
46.17

0
0
958
287
0
530
4331
-2404
0
-2404
0
-2404
-110
-2294

0
-2294
0
-2294
34519
-19083
0.65

1889127

1889127
53.83

53.83
NIL
NIL
NIL
NIL
NIL

1620473
100%
46.17

NIL
NIL
NIL
NIL
NIL

1620473
100%
46.17

1620473
100%
46.17

STATEMENTOFASSETSANDLIABILITIES
PARTICULARS
EQUITYANDLIABILITIES
(a)ShareCapital
(b)ReserveandSurplus

YEARENDED
31.03.16

subtotalofshareholdfunds
Non-CurrentLiabilites
(a)LongtermBorrowings
(b)defferedtaxLiabilities
@Otherlongtermliabiliities

YEARENDED
31.03.15

34518.50
-20058.73
14459.77

34518.50
-19082.58
15435.92

26284.88

26284.88

0
35.23
9.13
26329.24

42.19
12.57
26339.64

(d)Longtermprovisions
subtotalofNon-CurrentLiabilities
CureentLiabilities
Othercurrentliabilities
ShorttermProvisions
Subtotalofcurrentliabilities
TOTALEQUITYANDLIABILITIES
ASSETS
Non-CurrentAssets
Fixedassests

168.02
1.25
169.27
40968.68

Non-Currentinvestment
defferedtaxassets(net)
ong-termloansandadvances
othernoncurrentassets
SubTotalnon-currentassets
CurrentAssets
inventories
Cashandbankequivalents
Short-Termloansandadvances
SubTotal ofCurrentAssets
TOTALASSETS
TheaboveresultswerereviewedandapprovedbytheAudit

599.16
36112.00
90.96
1412.00

211.92
3.74
215.66
41980.82

14.50
38228.62

644.16
36112.00
63.83
3691.82
14.50
40526.31

32.27
1995.31
712.48
2740.06
40968.68

32.27
780.05
642.19
1454.51
41980.82

onrecordsbyBoardofDirectorsintheirmeetingheld04.05.
TheCompanyoperatinginonlyonesegement
Duringtheqtrendedon31.03.16theCompanyhasnotrecei vedanyinvestor
complaint.Thereisnocomplaintpendingatthebeginningar dendofthequarter
4 Companyhasnotprovidedinterestofbankloansinceebank hasdeclaredco'sa/casNPA
Byth
eOrderofBoardofDirfectorsof

PLACE:INDORE
DATE:04.0S.16

C(~A )

A.B. Doshi & Co.

\ *S*% J

Chartered Accountants
Office : 1 14, M.T.H. Compound Indore - 452007 (M Pi
Tel : +91 (731) 2433074. 2451032
Err-a-' asir.vini .doshi1238yahooco.m

INDEPENDENT AUDITORS' REPORT

TO THE MEMBER OF
DEVKI LEASING AND FINANCE LIMITED
Report on the Financial Statements
We have audited the accompanying financial statements of Devki Incasing and Finance Limited
("the Company"), which comprise the Balance Sheet as at 31st March, 2016, the Statement of Prof
it and
Loss, the Cash Flow Statement for the year then ended and a summary of the signif
icant accounting
policies and other explanatory information.

Management's Responsibility for the Financial Statements

The Company's Board of Directors is responsible for the matters stated in Section 134(5) of the
Companies Act, 2013 ("the Act") with respect to the preparation of these financial statements that give a
true and fair view of the financial position, financial performance and cash flows of the Company in

accordance with the accounting principles generally accepted in India, including die Accounting Standards
specif
ied under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.
This responsibility also includes maintenance of adequate accounting records in accordance with the
provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds

and other irregularities; selection and application of appropriate accounting policies; making judgments
and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate
internal financial controls, that were operating effectively for ensuring the accuracy and completeness of
the accounting records, relevant to the preparation and presentation of the financial statements that give a
true and fair view and are free from material misstatement, whether due to fraud or error.

Auditor Responsibility
Our responsibility is to express an opinion on these f
inancial statements based on our audit.

We have taken into account the provisions of the Act, the accounting and auditing standards and matters
which are required to be included in the audit report under the provisions of the Act and the Rules made
thereunder.

We conducted our audit in accordance with the Standards on Auditing specif

ied under Section 143(10) of
the Act. Those Standards require that we comply with ethical requirements and plan and perform the
audit to obtain reasonable assurance about whether the financial statements are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures
in the financial statements. The procedures selected depend on the auditor's judgment, including the
assessment of the risks of material misstatement of the f
inancial statements, whether due to fraud or error.
In making those risk assessments, the auditor considers internal f
inancial control relevant to the
Company's preparation of the f
inancial statements that give a true and fair view in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on
whether the Company has in place an adequate internal f
inancial controls system over financial reporting
and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of
the accounting policies used and the reasonableness of the accounting estimates made by the Company's
Directors, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is suff

icientajajisBHWgjWsaie^o provide a basis for
our audit opinion on the f
inancial statements.
.^@fXfljjr-^^^V
*@

(G\

.H. Doshi & Co.

Chartered Accountants
Of'Ci; * i4. fvi T H Compound, indore @ -152007 :M .;Tel -91 ;73lj 243307.J, 2451032
Emm' 'Tshwini doshi123@yahoo.co in

Opinion
In our opinion and to the best of our information and according to the explanations given to us, the
aforesaid f
inancial statements give the information required by the Act in the manner so required and give
a true and fair view in conformity with the accounting principles generally accepted in India, of the state

of affairs of the Company as at 31st March, 2016, and its prof

it and loss and its cash flows for the year
ended on that date.

Emphasis of Matters
We draw attention to the following matters in the Notes to the financial statements:

Note No. 24 (b) to the financial statements indicate that the company's policy relating to retirement
benefits which are accounted for on payment basis.

Note No. 24 (c) to the f

inancial statements which describe the Non Provision of Interest on Secured Loan
from Dena Bank.

Our opinion is not qualified / modif

ied in respect of these matters.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies ( Auditor's Report) Order, 2016 ("the Order") issued by the Central
Government of India in terms if sub-section (11) of section 143 of the Act, we give in the
Annexure A, a statement on the matter specified in the paragraph 3 and 4 of the Order, to the

extent applicable .
2. As required by Section 143 (3) of the Act, we report that:
(a) We have sought and obtained all the information and explanations which to the best of our
knowledge and belief were necessary for the purposes of our audit.

(b) In our opinion, proper books of account as required by law have been kept by the Company so
far as it appears from our examination of those books.

(c) The Balance Sheet, the Statement of Prof

it and Loss, and the Cash Flow Statement dealt with by
this Report are in agreement with the books of account.

(d) In our opinion, the aforesaid f

inancial statements comply with the Accounting Standards specif
ied
under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.
(d) On the basis of the written representations received from the directors as on 31st March, 2016
taken on record by the Board of Directors, none of the directors is disqualified as on

31st March, 2016 from being appointed as a director in terms of Section 164 (2) of the Act.
(e) With respect to the adequacy of internal financial controls over financial reporting of the
Company and the operating effectiveness of such control, refer to our separate repost in "
Annexure B " ; a9dg===5==== ai

A.B. Doshi & Co.

Chartered Accountants
Office . 114. M T.H. Compound, Indore - -152007 IU Pi
Tel.: +91 (731) 2433074, 2451032
Er~?.:. ash/.im doshi < 23 gyahoo co.m

PI
(g) With respect to the other matters to be included in the Auditor's Report in accordance with Rule
11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our
information and according to the explanations given to us :

(i) The Company has disclosed the impact of pending litigations on its financial position in
its financial statements @ Refer Note 24 (c) to the financial statements.
(ii) The Company has made provision, as required under the applicable law or accounting
standards, for mater
ial foreseeable losses, if any, on long-term contracts. - Refer Note 28
to the financial statements.
(iii) There were no amounts which were required to be transferred to the Investor Education
and Protection Fund bv the Company.

For A.B.DOSHI & CO.

Chartered A.ccount
j
lnts

Firm's Rest
oration Nj^(jgr
tg@S p

Ashwini Kuf
if
f
cf
cOB^ &
Proprietor

Membership number 031460

Indore, May 04, 2016

DEVKI LEASING AND FINANCE LIMITED

Annexure "A" to the Independent Auditors' Report
The Annexure referred to in paragraph 1 under the heading of "Report on Other Legal and Regulatory
Requirement" of our Independent Auditors' Report

to the member of the Company on the financial

statements for the year ended 31" March 2016, we report that :

1
(a) The Company has maintained proper records showing full particulars including quantitative details
and situation of fixed assets.

(b) All the assets have been physically verified by the management during the year and no material
discrepancies were noticed on such verif
ication. In our opinion, the frequency of verif
ication is
reasonable having regard to the size of the Company and the nature of its assets.
(c) According to the informat
ion and explanations given to us and on the basis of our examination,
Company does not have any immovable property hence requirement of this clause is not

applicable to the company.

2.

The stock of shares and securit

ies has been physically verif
ied by the management at reasonable intervals
during the year and no material discrepancies were not
iced on such verif
icat
ion .In our opinion the
frequency of verif
icat
ion is reasonable.

3.

The Company has granted unsecured loans to One Party covered in the register maintained under

sect
ion 189 of the Companies Act, 2013 ('the Act1).
(a) In our opinion, the rate of interest and other terms and condit
ion on which the loan had been
granted to the party covered in the register maintained under sect
ion 189 of the Act were not, prima

facie, prejudicial to the interest of the Company.

(b) In the case of the loans granted to the Party covered in the register maintained under sect
ion 189 of
the Act, the borrowers have been regular in the payment of the interest as st
ipulated. The term of
arrangements do not st
ipulate any repayment schedule and the loans are repayable on demand.
(c) There are no overdue amounts in respect of the loans granted to the party covered in the register

maintained under sect

ion 189 of the Act.
4. The Company is a non -banking f
inancial company register under chapter IIIB of Reserve Bank of India
Act, 1934 (2 of 1934) hence sect
ion 186 of the Companies Act, 2013 with respect to investments made is
not applicable to the Company .
In our opinion and according to the informat
ion and explanat
ion given to us , the Company has complied

with the provisions of sect

ion 185 of Companies Act, 2013 with respect to the loans made.
5. The Company has not accepted any deposit from the public as governed by the provision of Sect
ion
73 to 76 or any other relevant provision of the Companies Act, 2013 and rules framed their under.
6. The Central Government has not prescribed the maintenance of cost record under sect
ion 148 (1) of the
Act, for any of the services rendered by the Company.

DEVKI LEASING AND FINANCE LIMITED

Annexure "A" to the Independent Auditors' Report
7.
(a) According to the information and explanation given to us and on the basis of our examination of the
record of the company, the company is regular in depositing with the appropriate authorities
undisputed statutory dues including provident fund, employees' state insurance, income tax, sales tax,
service tax custom duty, excise duty, Value added tax , cess and other material statutory dues applicable
to it.

According to the inf

ormation and explanations given to us .there is no undisputed amount payable in
respect of income tax, sales tax, service tax , custom duty, excise duty, value added tax and cess were in
arrears, as at the last day of the financial year concerned for a per
iod of more than six months from the
date they become payable.
(b) According to the information and explanations given to us, there are no dues of income tax, sales tax
wealth tax, service tax ,custom duty, excise duty, and cess, which have not been, deposited on account o
any dispute.

8.

The company has defaulted in repayment of dues to the Dena bank from 01.10.2009 amounting t<
Rs. 262.8 Lac and same has been declared as Non Performing assets by the bank

9. The Company does not raise any money by way of initial public offer or further public offer (including
debt instruments) and term loans dur
ing the year. Accordingly, paragraph 3(ix) of the Order is not
applicable.
10. According to information and explanations given to us, , no mater
ial fraud by the Company or on the
Company by its off
icer or employees has been noticed or reported during the course of our audit.

11. According to the information and explanation given to us and based on our examination of the records ol
the Company, the Company has paid/provided for manager
ial remuneration in accordance with tht

provision of section 197 read with Schedule V to the Companies Act.

12. In our opinion and according to the information and explanation given to us, the Company is not a nidhi

company. Accordingly, paragraph 3(xii) of the Order is not applicable.

13. According to the information and explanat
ion given to us and based on our examination of the records of

the Company, transact

ion with the related parties are in compliance with sect
ions 177 and 188 of the Act
where applicable and details of such transaction have been disclosed in the financial statements as required

by applicable by the applicable accounting standards.

14. According to the informat
ion and explanat
ions given to us and based on our examinat
ion of the records of
the Company, the Company has not made any preferent
ial allotment or pr
ivate placement of shares or

fully or partly convert

ible debentures dur
ing the year,
15. According to the informat
ion and explanat
ion given to us and base on our examinat
ion of the records of
the Company, the Company has not entered into non-cash transact
ion with directors or persons

connected with him. Accordingly, paragraph 3(xv) of the Order is not applicable.

DKVKT LEASING AND FINANCE LIMITED

Annexure "A" to the Independent Auditors' Report

16.

The Company is a non -banking f

inancial Company. Accordingly has obtained registration Under Section

45 IA of Reserve Bank of India Act, 1934 .

For A.B.DOSHI & CO.

Charteredy\ coj@UiUj ^

Firm's Regispttjori^Na^S^^aS

I'mptiitm
Membership number 031460
Indore, May 04, 201&

DEVKI LEASING AND FINANCE LIMITED

Annexure "B" to the Independent Auditors' Report
Report on the Inter
nal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of
the Companies Act, 2013 ("the Act")
We

have

audited

the

internal

inancial
f

controls

over

inancial
f

reporting

of

Devki Leasing and f

inance Limited ("the Company") as of 31 March 2016 in conjunction with
our audit of the f
inancial statements of the Company for the year ended on that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for establishing and maintaining internal financial
controls based on the internal control over f
inancial reporting criteria established by the Company
considering the essential components of internal control stated in the Guidance Note on Audit of

Internal Financial Controls over Financial Reporting issued by the Institute of Chartered
Accountants of India ('ICAI1). These responsibilities include the design, implementation and
maintenance of adequate internal f
inancial controls that were operating effectively for ensuring the
orderly and eff
icient conduct of its business, including adherence to company's policies, the
safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and
completeness of the accounting records, and the timely preparation of reliable financial information,
as required under the Companies Act, 2013.

Auditors' Responsibility
Our responsibility is to express an opinion on the Company's internal financial controls over
financial reporting based on our audit. We conducted our audit in accordance with the Guidance
Note on Audit of Internal Financial Controls over Financial Reporting (the "Guidance Note") and

the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of
the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both

applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered
Accountants of India. Those Standards and the Guidance Note requite that we comply with ethical
requirements and plan and perform the audit to obtain reasonable assurance about whether
adequate internal financial controls over financial reporting was established and maintained and if
such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the
internal financial controls system over financial reporting and their operating effectiveness. Our
audit of internal financial controls over financial reporting included obtaining an understanding of
internal financial controls over financial reporting, assessing the r
isk that a material weakness exists,
and testing and evaluating the design and operating effectiveness of internal control based on the
assessed risk. The procedures selected depend on the auditor's judgment, including the assessment
of the risks of mater
ial misstatement of the financial statements, whether due to fraud or error.
We believe that the audit evidence we have obtained is suff
icient and appropriate to provide a basis
for our audit opinion on the Company's internal f
inancial controls system over f
inancial reporting.

DEVKI LEASING AND FINANCE LIMITED

Annexure "B" to the Independent Auditors' Report
Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of

Meaning of Internal Financial Controls over Financial Reporting

A company's internal financial control over f
inancial reporting is a process designed to provide
reasonable assurance regarding the reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with generally accepted accounting principles. A
company's internal financial control over financial reporting includes those policies and procedures
that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly ref
lect
the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that
transactions are recorded as necessary to permit preparation of financial statements in accordance
with generally accepted accounting principles, and that receipts and expenditures of the company
are being made only in accordance with authorisations of management and directors of the
company; and (3) provide reasonable assurance regarding prevention or timely detection of
unauthorised acquisition, use, or disposition of the company's assets that could have a material
effect on the f
inancial statements.

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal f
inancial controls over f
inancial reporting, including
the possibility of collusion or improper management override of controls, material misstatements
due to error or fraud may occur and not be detected. Also, projections of any evaluation of the

internal f
inancial controls over f
inancial reporting to future periods are subject to the risk that the
internal financial control over f
inancial reporting may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Opinion
In our opinion, the Company has, in all material respects, an adequate internal f
inancial controls
system over f
inancial reporting and such internal f
inancial controls over f
inancial reporting were
operating effectively as at 31 March 2016, based on the internal control over f
inancial reporting
criteria established by the Company considering the essential components of intern

For A.B.DOSHI & CO.

Firm's R^st
tat
i<yiJS$>3*rf
ifXZCr!' -

Proprietor

Membership number 031460

Indore, May 04, 2016