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Five X Finance & Investment Ltd. CIN: L65910MH2010PLC201249
Regd. Off: 305, Krishna - A, Vishal Nagar, Marve Road, Malad (West), Mumbai - 400 064 Tel: 022 60603001 / Email: fivexfinance@gmail.com / website: www.fivexfinance.com
Date: 27/05/2016
To,
The Bombay Stock Exchange Ltd
Corporate Relationship Dept,
1st Floor, New Trading Ring,
Rotunda Building, P. J. Towers,
Dalal Street, Fort, Mumbai —400 001
BSE Code: 536751
Sub: Outcome of Board Meeting
This is to inform you that the 03/2016-17 meeting of Board of Directors of the Company was held on 27 th May,
2016, Friday at E-109, Crystal Plaza, New Link Road, Andheri (West), Mumbai — 400053 at 12:30 P.M and the
Board discussed and approved the as follows:
1) Audited Financial Results for the quarter and year ended 31 st March, 2016 along with Auditors Report and Notes forming parts to Accounts.
2) Appointment of Mrs. Shaan Amit Gulecha as an Executive Director of the Company, who will hold office
up to the next Annual General Meeting of the Company.
3) Appointment of Mr. Hardikkumar Bharatbhai Kabariya as an Additional Director of the Company under
Independent Non- Executive Category, who will hold office up to the next Annual General Meeting of the Company.
4) Took the note on Compliance done as per LODR, Regulation 2015 for the quarter ended 31.03.2016.
Kindly take into your record.
Thanking you.
Yours Faithfully,
For Five X Finance & Investment Ltd
Prajna Naik
(Company Secretary)
E ncl: a/a
1. Audited Financial Result for 31.03.2016 along with Auditor's Report
2. Form A (Ur.modified Opinion)
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General information about company
Scrip code 536751
Name of company Five X Finance & InvestmentLtd
Result Type Main Format
Class of security Equity
Date of start of financial year 01042015
Date of end of financial year 31032016
Date of board meeting when results were approved 27052016
Date on which prior intimation of the meeting for considering financial results was informed to theexchange 17052016
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Quarter Yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited Audited
Segment Reporting Multi segment
Description of single segment
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Quarterly & Half Yearly Financial Result by Companies Other than Banks
Particulars3 monthsended (ddmmyyyy)
Previous 3months
ended (ddmmyyyy)
Corresponding 3months ended in theprevious year (dd
mmyyyy)
Year to datefigures for currentperiod ended (dd
mmyyyy)
Year to datefigures for
previous periodended (ddmm
yyyy)
Previousaccountingyear ended(ddmmyyyy)
A Date of start ofreporting period
01012016 01102015 01012015 01042015 01042014 01042014
B Date of end of reportingperiod
31032016 31122015 31032015 31032016 31032015 31032015
C Whether results areaudited or unaudited Audited Unaudited Audited Audited Audited Audited
DNature of reportstandalone orconsolidated
Standalone Standalone Standalone Standalone Standalone Standalone
Part I
1 Revenue From Operations
Net sales or Revenuefrom Operations 436.047 58.82 533.78 411.82 981.34 981.34
Other operatingrevenues 14.183 0 0 84.178 0 0
Total Revenue fromoperations (net) 450.23 58.82 533.78 495.998 981.34 981.34
2 Expenses
(a) Cost of materialsconsumed 0 0 0 0 0 0
(b) Purchases of stockintrade 428.206 115.61 488.95 364.07 708.96 708.96
(c)
Changes in inventoriesof finished goods,
workinprogress andstockintrade
145.82 223.98 61.91 115.15 414.26 414.26
(d) Employee benefitexpense 1.798 1.32 1.39 6.77 7.93 7.93
(e) Depreciation andamortisation expense 0 0 0 0 0 0
(f) Other Expenses
1 Other Expenses 1.137 3.28 1.75 9.387 8.46 8.46
2 TransportationExpenses 1.41 0 0 1.41 0 0
Total other expenses 2.547 3.28 1.75 10.797 8.46 8.46
Total expenses 286.731 112.97 554 496.787 1139.61 1139.61
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Quarterly & Half Yearly Financial Result by Companies Other than Banks
Particulars3 monthsended (ddmmyyyy)
Previous 3months
ended (ddmmyyyy)
Corresponding 3months ended inthe previous year(ddmmyyyy)
Year to datefigures for
current periodended (ddmm
yyyy)
Year to datefigures for
previous periodended (ddmm
yyyy)
Previousaccountingyear ended(ddmmyyyy)
A Date of start of reportingperiod
01012016
01102015 01012015 01042015 01042014 01042014
B Date of end of reportingperiod
31032016
31122015 31032015 31032016 31032015 31032015
C Whether results are auditedor unaudited Audited Unaudited Audited Audited Audited Audited
D Nature of reportstandalone or consolidated Standalone Standalone Standalone Standalone Standalone Standalone
Part I
3
Profit (loss) fromoperations before other
income, finance costs andexceptional items
163.499 171.79 20.22 0.789 158.27 158.27
4 Other income 0.05615 0.03 0.07 0.18676 0.07 0.07
5
Profit (loss) fromordinary activates before
finance costs andexceptional items
163.555 171.76 20.15 0.602 158.2 158.2
6 Finance costs 0.454 0 3.01 0.45395 3.01 3.01
7
Profit (loss) fromordinary activities afterfinance costs but before
exceptional items
163.101 171.76 23.16 1.056 161.21 161.21
8 Prior period items beforetax 0 0 0 0 0 0
9 Exceptional items 0 0 0 0 0 0
10Profit (loss) from
ordinary activities beforetax
163.101 171.76 23.16 1.056 161.21 161.21
11 Tax Expense 50.148 0 4.12 50.148 4.12 4.12
12Net profit (loss) from
ordinary activities aftertax
213.249 171.76 19.04 49.092 157.09 157.09
13 Extraordinary items 0 0 0 0 0 0
14Net Profit Loss for theperiod from continuing
operations213.249 171.76 19.04 49.092 157.09 157.09
15Profit (loss) fromdiscontinuing operationsbefore tax
0 0 0 0 0 0
16 Tax expense ofdiscontinuing operations 0 0 0 0 0 0
17Net profit (loss) from
discontinuing operationafter tax
0 0 0 0 0 0
18 Profit (loss) for periodbefore minority interest 213.249 171.76 19.04 49.092 157.09 157.09
21
Net Profit (loss) aftertaxes minority interest
and share of profit (loss)of associates
213.249 171.76 19.04 49.092 157.09 157.09
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Quarterly & Half Yearly Financial Result by Companies Other than Banks
Particulars3 monthsended (ddmmyyyy)
Previous 3months
ended (ddmmyyyy)
Corresponding 3months ended in theprevious year (dd
mmyyyy)
Year to date figuresfor current periodended (ddmm
yyyy)
Year to date figuresfor previous periodended (ddmm
yyyy)
Previousaccountingyear ended
(ddmmyyyy)
A Date of start ofreporting period
01012016 01102015 01012015 01042015 01042014 01042014
B Date of end ofreporting period
31032016 31122015 31032015 31032016 31032015 31032015
CWhether resultsare audited or
unauditedAudited Unaudited Audited Audited Audited Audited
DNature of reportstandalone orconsolidated
Standalone Standalone Standalone Standalone Standalone Standalone
Part I
22 Details of equity share capital
Paidup equityshare capital 2055.44 2055.44 2055.44 2055.44 2055.44 2055.44
Face value ofequity sharecapital
10 10 10 10 10 10
23 Details of debt securities
24
Reservesexcludingrevaluationreserve
54.497 54.497 54.497 54.497 54.497 54.497
26 Earnings per share
i
Earnings pershare beforeextraordinaryitems
Basic earningsper share beforeextraordinaryitems
0.421 0.84 0.09 0.239 0.76 0.76
Diluted earningsper share beforeextraordinaryitems
0.421 0.84 0.09 0.239 0.76 0.76
ii Earnings per share after extraordinary items
Basic earningsper share afterextraordinaryitems
0.421 0.84 0.09 0.239 0.76 0.76
Diluted earningsper share afterextraordinaryitems
0.421 0.84 0.09 0.239 0.76 0.76
30Disclosure ofnotes onfinancial results
Textual Information(1)
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Text Block
Textual Information(1)
1. The above Financial Results for the quarter and year ended 31st March, 2016 have been reviewedby the Audit Committee and approved by the Board of Directors at its Meeting held on 27th May,2016 and Audited by the Statutory Auditors. 2. The figure for the previous quarter/year have been regrouped/ reclassified / restated wherevernecessary. 3. Investor Complaint for the Quarter Ended 31/03/2016. Opening 0, Received 0, Resolved 0,Closing 0. 4. This Result is available on our Website www.fivexfinance.com 5. The Company operates in two Business Segment i.e. Trading Business and Finance BusinessActivities. Business segment has been identified as separable primary segment in accordance withAccounting Standard 17 'Segment Reporting' as prescribed under Companies (AccountingStandards) Rules, 2006, taking into Account the organizational and internal reporting structure aswell as evaluation of risk and return of these segments.
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Statement of Asset and Liabilities
Particulars Current year ended (ddmmyyyy)
Previous year ended (ddmmyyyy)
Date of start of reporting period 01042015 01042014
Date of end of reporting period 31032016 31032015
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
Equity and liabilities
1 Shareholders' funds
Share capital 2055.44 2055.44
Reserves and surplus 103.589 54.497
Money received against share warrants
Total shareholders' funds 2159.029 2109.937
2 Share application money pending allotment 0 0
3 Deferred government grants
5 Noncurrent liabilities
Longterm borrowings 0 0
Deferred tax liabilities (net)
Foreign currency monetary item translation difference liabilityaccount
Other longterm liabilities
Longterm provisions 0 0
Total noncurrent liabilities 0 0
6 Current liabilities
Shortterm borrowings 0 0
Trade payables 0.673 208.928
Other current liabilities 4.033 0.358
Shortterm provisions 0 0.05
Total current liabilities 4.706 209.336
Total equity and liabilities 2163.735 2319.273
Assets
1 Noncurrent assets
(i) Fixed assets
Tangible assets 0.15 0.215
Producing properties
Intangible assets 0 0
Preproducing properties
Tangible assets capital workinprogress
Intangible assets under development or workinprogress
Total fixed assets 0.15 0.215
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Statement of Asset and Liabilities
Particulars Current year ended (ddmmyyyy)
Previous year ended (ddmmyyyy)
Date of start of reporting period 01042015 01042014
Date of end of reporting period 31032016 31032015
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
(ii) Noncurrent investments 300.497 300.497
(v) Deferred tax assets (net) 53.837 3.688
(vi) Foreign currency monetary item translation difference assetaccount
(vii) Longterm loans and advances 0 16
(viii) Other noncurrent assets
Total noncurrent assets 354.484 320.4
Current assets
Current investments 0 0
Inventories 571.141 686.292
Trade receivables 39 215.605
Cash and bank balances 26.469 18.492
Shortterm loans and advances 1172.641 1078.484
Other current assets
Total current assets 1809.251 1998.873
Total assets 2163.735 2319.273
Disclosure of notes on assets and liabilities
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Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars3 monthsended (ddmmyyyy)
Previous 3months
ended (ddmmyyyy)
Corresponding 3months ended in theprevious year (dd
mmyyyy)
Year to date figuresfor current periodended (ddmm
yyyy)
Year to date figuresfor previous periodended (ddmm
yyyy)
Previousaccountingyear ended
(ddmmyyyy)
Date of start ofreporting period
01012016 01102015 01012015 01042015 01042014 01042014
Date of end of reportingperiod
31032016 31122015 31032015 31032016 31032015 31032015
Whether accounts areaudited or unaudited Audited Unaudited Audited Audited Audited Audited
Nature of reportstandalone orconsolidated
Standalone Standalone Standalone Standalone Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Textile Business 402.047 117.82 497.61 284.222 497.61 497.61
2 Finance Business 48.271 59 36.16 211.775 483.73 483.73
Total SegmentRevenue 450.318 58.82 533.77 495.997 981.34 981.34
Less: Inter segmentrevenue 0 0 0 0 0 0
Revenue fromOperations 450.318 58.82 533.77 495.997 981.34 981.34
2 Segment Result
Profit (+) / Loss () before tax and interest from each segment
1 Textile Business 0.43 2.22 7.4 1.789 7.4 7.4
2 Finance Business 166.092 164.98 24.49 17.156 149.28 149.28
Total Profit beforetax 166.522 167.2 17.09 15.367 141.88 141.88
i. Finance cost 0.454 0 0 0.454 3 3
ii. OtherUnallocable
Expenditure net offUnallocable income
3.436 4.56 6.07 15.969 16.32 16.32
Profit before tax 162.632 171.76 23.16 1.056 161.2 161.2
3 Capital Employed
(Segment Asset Segment Liabilities)
1 Textile Business 0 0 6.68 0 6.68 6.68
2 Finance Business 2163.029 1945.79 2103.27 2163.029 2103.27 2103.27
Total CapitalEmployed 2163.029 1945.79 2109.95 2163.029 2109.95 2109.95
Disclosure of noteson segments
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Form A (for audit report with unmodified opinion)
1 Name of the Company M/s Five X Finance & Investment Limited
2 Annual financial statements for the year
ended
31 st March, 2016
3 Type of Audit observation Unqualified
4 Frequency of observation Not applicable
5 To be signed by-
• Amit Gulecha
(Managing Director)
• Vinod Prabhu
(CFO)
• Pravin Chandak & Associates
CA Pravin Chandak
(Auditor of the Company)
• Swati Shinde
(Audit Committee Chairman)
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Chartered Accountants
Auditor's report on Quarterly Financial Result and year to date Result of Five X
Finance & Investment Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015.
We have audited the accompanying statement of Standalone Financial Results of FIVE X FINANCE & INVESTMENT LIMITED ("the company") for the twelve months ended March 31,2016 ("the statement"), being submitted by the company pursuant to the requirement of Regulation33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015.This statement, which is the responsibility of Company's Management and approved by Board Of Directors, have been prepared on the basis of the related financial statements which is in accordance with the Accounting Standards specified under section 133 of the Companies Act,2013,read with Rule 7 of the Companies(accounts) rules,2014 and other accounting principles generally accepted in India. Our responsibility is to express an opinion on the Statement.
1. We conducted our audit in accordance with Standards on Auditing issued by the Institute of Chartered Accountants of India. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the Statement is free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the Statement. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the Statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company's preparation and fair presentations of the Statement in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Management, as well as evaluating the overall presentation of the Statement.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
2. In our opinion and to the best of our information and according to the explanations given to us, the Statement: xi. is presented in accordance with the requirements of Regulation 33 of the
SEBI(Listing Obligations andDisclosures Requirements)Regulations,2015;and ;.)/A
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Z.;
403, 4th Floor, New Swapnalok CHS Ltd., Natakwala Lane, Borivali (West),
Mumbai - 400 092. Tel : 2801 6119 Email : info@pravinca.com
Website : www.pravinca.com
ii. gives a true and fair view in conformity with the aforesaid Accounting Standards and other accounting principles generally accepted in India of the net profit and other financial information of the Company for the fifteen months ended March 31,2016.
3. The Statement includes the results for the Quarter ended March 31,2016 being the balancing figure between audited figures in respect of full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us.
For Pravin Chandak and Associates Chartered Accountants (Registration No. — 116627W)
Pravin Chandak Partner Membership No. 049391
Mumbai 27th May, 2016
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