anean wana a associares C 61, cna pot (CHARTERED ACCOUNTANTS F.C Dutt Rood, Akapur Baroée - 390007 MANESHP. MEHTA 8.Com.F.CA } Tet 0265-3052544 SHRIPALA SHAH BCom FCA, DISA\ICA) \.. E-mail: maneshmehta64@yahoo.co in ‘SURENDER BAGARIA B.Com, F.C, \VARSHAG. VANJANI M.Com. ACA BANKIM 8. OHOLAKIA 8,Com. ACA, DRAET LIMITED REVIEW REPORT To, ‘The Board of Directors SETCO AUTOMOTIVE LIMITED Kalol 1. We have reviewed the accompanying statement of Standalone unaudited financial results (the "statement") of SETCO AUTOMOTIVE LIMITED for the quarter and half year ended 30th September, 2015 except for the disclosures regarding ‘Public Sharcholding” and ‘Promoter and Promoter Group Shareholding’ which have been traced from disclosures made by the management and have neither been reviewed nor audited by us. ‘This statement is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibility is to issue a report on this statement based 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 inguiries 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. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of standalone unaudited financial results prepared in accordance with accounting standards specified under Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014 and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Clause 41 of the Listing Agreement including the manner in which itis to be disclosed, or that it contains any material misstatement. For Manesh Mehta & Associates Chartered Accountants Firm Regd.No.: 115832W Place: Date: (Manesh P.Mehta) Partner ‘Membership No. 036032 Branch Offices: ‘Mumbai Navrang Bldg, 3rd Floor, 330, Nersinatha Steet, Masid Bunder, Mumbai - 400008. “Tet: (022) 82448581 /23464126 Emalt-cameneshmehta@gmall.com Del: 140, Surya Niketan, Opp: Anand Vihar Gurudwara, Vikas Marg Extn, Delh-1 10082 Tel: +91 9818270137 Email surender bagara@gmall.comf) SETCO AUTOMOTIVE LTD ‘43599961 90271c005209 te Tai Deserta Tal yar endel—| Yew ded Se. Sees [eles | wee 6 | seSept [sia inode | Wedies | Qransied | Wns) | (ansieg | — (Andis [NatSis/ se on Opn ae Tas | ss |e] | = fons Opening z 2 : 1 [ro nee to operons aE Tas] ses] ape af oH tog nino Ra de Nap a ao ral a] isi on pa oa a TT | | ——t0| — oe 5st es riya Dl Ba ad pele BA | a as | a rir esa a Ts set] 30700 2 + [ie tam oe r rt nr ei ber sa se] 07 a get ae E iia a 1 [Net i for peed os a a 1S [ad op Egy Shs opal oar pr ya zen] ayes agra toa Tal 1 [caning eS To aria eae oa aE [esos 20] 13 a] sa sa EL ang Ferre PS afr crt ems ta a a [Se normaion ore garer Pad ded Spee BE ste nde Gray Shang [Nemec renga a Ta ad NT ‘sore| oor] — wore] se cc ct of ae Ga a he al lng ol pete a eT ‘oor suite] tara] mows] cal st Posen oars Gos a is staal a a a a z SRN Garren Sapir Inga eg a@SETCO AUTOMOTIVE LTD Satan of Ast and Labs Re intact Sindalone ean Sepenber Paticaane aus Aeatata Mare 2015) Tanned Aue zs {EQUA AND HALTS Ta a Tae Tar 21054 2079 as co Taser rad 597 38 a 208 (Shore eem provisions ist I Sub-total = Curent abies EE Tom "TOTAL= EQUITY AND UABIETTES S77 050 (a) Fed asi Ts Tae Non caren SE 9366 37 gical sie a a {Other Nenarrent Ase 5 i ‘Sulla Now arrent sor ase F—[earent eet a venir a 7H (Fade eoarabon Sa aa (Casha eh equa 3 a) (Shorr ons ad advan es Tae (9 Oar eure sss Sub-total - Curent aac a Tost TOTAL- ASSETS sar77 8050 1 ers er he lpn 2% a) at cnn go hyo ‘gr ar say a as Sp aa ar Wa ede om ‘lg canny Re ast HR aa Sp ela Or oN rg ecg Pon (Sina europe ae db Spee Sen frtSOne Be eons” PecrncerPen {Sep na ha pS 3 oS) 2 Peo enue hve en ei ed where throm Acuna Sine 1 Ser rng (Testor Sos Uni aot nd and omen yet Comin er nd ‘inate tenses ts mtg hao heer 8 eel ee my ey ais pote ‘mumeat \a\ BARODA } 3) em