N.K.JALAN & CO. 2-A, Mayur Apartments, Chartered Accountants. Dadabhai Cross 2oad No.3, Vile Parle (West Mumbai - 400 056. Tele : 26210903/26210904, Mobile : 9324114104 E-mail : nkjalan@vsnl.com INDEPENDENT AUDITORS’ REVIEW REPORT To, ‘The Board of Directors, White Diamond industries Limited We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of White Diamond Industries Limitec ("the Company”) for the Quarter and Half Year ended 30 September, 2014 ("the Statement”), being submitted by the Company pursuant to Clause 41 of the Listing Agreement with the Stock Exchange, except for the disclosures in Part ll ~ Select Information referred to in paragraph 4 below. This statement is the responsibilty of the Company's Management and has been approved by the Board of Directors. Our responsbility is to issue a report on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagement (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 provide less assurance than ‘an audit. We have not performed ar audit and accordingly, we do not express an audit opinion. Based on our review conducted as siated above, nothing has come to our attention that causes us to believe that the accompanving Statement, nrepared in accordance with the fccounting Standards notified under the Companies Act, 1956 {which are deemed to be applicable as per Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014) and other recognised accounting practices and policies, has not disclosed the information ‘required to be disclosed in terms of Clause 41 of the Listing Agreement with the Stock Exchange, including the manner in which itis to be disclosed, or that it contains any material misstetemont. Further, we also report that we have traced the number of shares as well as the percentage of shareholdings in respect of the aggregate amount of public shareholding and the rumber of shares as well as the percentage of shares pledged / encumbered and non-encumberedin respect Of the aggregate amount of promoters and promoter group shareholding in terms of Clause 35 of the Listing Agreement with the Stocc Exchange and the particulars relating to investor complaints disclosed in Part — jl Select Information for the Quarter and Half Year ended 30” September, 2014 of the Statement, from the details furnished by the Management. FOR N.K. JALAN & CO. CHARTERED ACCCUNTANTS FIRM NO. 104019 Ff tM Agoreweats Hac ( sachaneites. 7 9 PLACE: MUMBAI DATED: 14.11.2014 (W.K. JALAN) PROPRIETOR ‘Membership No. (11878WHITE DIAMOND INDUSTRIES LTD. Diamond + Export + Import Ghatkopar (East), Mambai - 400 077. INDIA Tel: +91.22.25011983 | Fax: +91.22.25011984 | Web: www.wdil.in | Emai 91 2MH1990PL I: info@wdil. Pan: stementf Und Fiuc Rashfrtheurar andl eed 00 Septet, 2014 noone eae aiera ara simonths |m!INBMET peeouss | Current | Previous | Previous Jem] Seatits | “es ct | etd ee 12470) 388.28 enn] + leomane ee ele eee ee 6 [ocr actin dg Wd ns vi 1 [meee io i] ‘ud “tol al i ‘| ssl_sod_ ote] a a a a a TTT ia al — po] so] — ae 5 ra i ee ETT a =a] — ea] — asa} ao] — a ra Ra TT i] es] — eal aa] — cs] — a a reas oop TT a7] es] — ea} — 9] — ar] — on Efrat opal re oEOST Tas] — saat | sas [ran Teen] ca aaa Sa ape eA F | TRS TTT aa] a] — wo} — waa] — oar] — a ST aT ran pec ea ruse] “thaen|“asa| “Seen “aeen] oan 6 |nen ames eatin cig Sas cel Comoe Tenaglia etn et | MmeaSaraiaeSettewddunadiaconny | ase) see] ee] wea] ses] aa aT sper ference Tar = puesta = eran und Stn gute =WHITE DIAMOND INDUSTRIES LTD. Diamond + Export + Import 312A, Kailas Plaza, Vallabh Baug Lane, Ghatkopar (East), Mumbai - 400 077. INDIA ‘Tel: +91.22.25011983 | Fax: +91.22.25011984 | Web: www.udil.in | Email: info@wd 36912MH1990PLC055E Amount in Lacs) “Statement of Asats and Lables Stanfalone [asatcurrent hal] As at previous yeorended | year ended 30/09/2014 | 31/03/2014 i ‘Audited JEQUITY AND LABIITIES 'Shareholders’ funds (a) share capital 1250.09 44,250.00 () Reserves and surplus 1175.42 4,178.82 (e Minority interest 2 é ‘Sub total- Sharcholders Fund ZAI a2 22882 [share application money pending allotment : - Non current abilities {a Lone term borrowings ‘ {b Deferred tax lables net) {Other long current liabities {Lang term provision Sub total - Non current lables [current Libitties (a Short-term borrowings 35.03] 3.70 (b Trade payables 13165| 12736 (Other current abilities 18.40] 754 {d Short-term provision 12.07] 1207 ‘Sub total- Curren bilities 200.20 150.67, ‘TOTAL EQUITY AND LABILITIES| 2325.62| 2579.05) lassets Inon current assets (a) Fixed assets I) Tangible assets 199] 21.63) I) intangible Assets i) Capital workin progress E : (0). Non-currentinvestmerts 100.00] 100,00 {e)_ Deferred tax assetsne:) 0.24 va {4} Long term loans and aivances 107.70 41,146.65 {e} Other non-current assets E 2 Sub total- Non current assets 7267.33 1268.52 current assets (a Current investments 2 a (b lnventories| 2 (c Trade receivables ar76 (d.cash and Cash equivalents 59.37 (e Short-term loans and advances 351.65 ( Other current assets i Sub total- Current assets 7358.09 TOTAL ASSETS| 2025.0WHITE DIAMOND INDUSTRIES LTD. Diamond + Export + Import 312A, Kailas Plaza, Vallabh Baug Lane, Ghatkopar (East), Mumbai - 400 077. INDIA ‘Tel: +91.22.25011983 | Fax: +91.22.25011984 | Web: www.udil.in | Email: info@wdil.in ‘GIN: 136912MH1990PLCO55860 Notes: 1. The unaudited financial results for the quarter and half year ended September 30, 2014 and Statement of Assets and Liabilities as at 30.09.2014 were reviewed by the Audit committee and approved by the board of directors at their meeting held on November 14, 2014. 2. The financial results are in accordance with the accounting policies followed by the company in reparation of its statutory accounts. 3. The Company does not have any Exceptional or Extraordinary item to report for the above periods. 4. The impact of taxation, if any, shall be incorporated in the Accounts at the end of the ‘Accounting Year as per tre Company's consistently followed practice 5. Statement of Assets and Liabilities (Enclosed herewith), 6. The company has not caried on more than one activity and therefore Segment Reporting as er AS 17 is not applicable to the company. 7. The Limited Review as required under Clause 41 of the Listing Agreement has been completed, 8. Previous year's figures have been regrouped / rearranged wherever necessary. For and on behalf of the board Place : Mumbai Date : 14.11.2014