Otianta0 Uanaat Prcducts ltd,

CIN of the Company: 102005 MH I 991 P1C060686

Corporate Office: 16, Mascarenhas Road, Mazgaon, Mumbai - 400 0r 0.
Tel : +91 22 6138 9400 . Fax: 6138 9401 . Email: compliance.ovpl@gmail.com . Webslte: www.ovpl,co.in

To,

Limited
P. J. Towers,
Dalal Sheet,
Mumbai - 400 001
BSE

Script Code: - 531859

Dear Sirs,

subject: - Audited financial results for the Quarter and rwelve Month ended 31"t Marclu 2016
along with Audito/s Report and Declaration.

Outcome of Board Meeting (Intimation Under regulation 30

obligations and Disclosure Requirements) Regulatior1 2015),

Ref:

of

SEBI (Listing

The Proceedings of Meeting was Commenced Afi - 07.45 P.M and Concluded At: 09,15 p.M

\{e *,ould like to intimate you tha!

Board of Directors ('Board') of the Company at their

meeting held today i.e 30r, May 2016 inter allia, considered and approved

1.

The Audited standalone Financial Results of the Company for the fourth quarter and
year ended March 31, 2016.

The Audited Consolidated Financial Results of the Company for the year ended lt4arch
37,201.6.

Pursuant to regulation 33 and 30 read with fthedule III of the sEBI (listing obligations and
Disclosr-rre Requirements) Regulations, 2015, we enclose the following:

1)
2)
3)
4)

statement showing Audited standalone Financial Results of the Company for the fourth
quarter and year ended March 31, 2016.
statement showing Audited Consolidated Financial Results of the Company for the year
ended March 31, 2016
Statement of Standalone/Consolidated Assets and Liabilities for Companies.
Declaration pursuant to Securities and Exchange Board of India (Listing obligations ard
disclosure requirements) (amendment) regulatioru, 2016 (Unmodified opinion)

l lPage

Registered Office : Village Aghai, Via Kalyan Railway Station, Thane

- 42'l

301

Oriental Veneer Products Limited

5)

Auditor's Report on the Audited Financial Results- Standalone and Consolidated.

Kindly take the same in your records.

For Oriental Veneer Products

Rhanrrshali
Company Secretary and

Dater 30/05/2016

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Notes:

Audited Statement of standalone Assets and Liabilities for Companies

Rs. in
As at
Sr. No

Particulars
EQUITY AND LIABILITIES
Shareholders' funds
(a) Share capital
(b) Reserves and surplus

31.03.2016

31.03.2015

538.84

538.84

2074.15

7687.76

2612.99

2226

(c) Money received against share

warrants
Sub-total - Shareholders' funds
Non-current liabilities
(a) Long-term borrowings
(b) Deferred tax Iiabilities (net)
(c) Other long-term liabilities
(d) Long-term provisions
Sub-total - Non-current liabilities

2750.6

2050.53

64.49

82.66

0
34.43

39.56

2849.52

2172.75

Current liabilities
(a) Short-term borrowings

1,6t4.6

"t88?,.57

(b) Trade payables

1595.2

"t2t2.9"t

(c )Other current

liabilities

(d) ShorLterm provisions

Sub-total - Current liabilities

TOTAL. EQUITY AND LIABILITIES

578.09

574.M

488.U

263.52

4276.73

3933.04

9739.24

8331,.79

722.98

737.07
513.59
0

ASSETS

ts
1

Non-current assets
(a) Fixed assets
(b) Non-current investments
(c) Deferred tax assets (net)

(d) Long-term loans and advances

(e) Other non-current assets

830.25
0
88.05
0

84.64
0

Sub-total - Non-current assets

1641.28

1335.3

Current assets
(a) Current investments
(b) Inventories

1911.04

"t319.34

(c) Trade receivables

2t37.48

"t8t6.2

(d) Cash and cash equivalents

(e) Short-term loans and advances
(0 Other current assets

2707.04

2886.54

"13t8.1,2

865.9

30.28

108.51

8097.96

5996.49

9739.24

8337.79

Sub-total - Current assets

Total -Assets

Place : Mumbai

Date: 30/05/2OL6

For Oriental Veneer Products

Limited

ru'^*"1'1"
Kur-.tlt
Karim N.Mithiborwala
Managing Director

Notes:

Audited Consolidated Statement

of

Assets and Liabilities for Companies

Rs. in lacks
As at
Sr. No
1

Particulars
EQUITY AND LIABILITIES
Shareholders' funds
(a) Share capital
(b) Reserves and surplus
(c) Money received against share

31.03.2016

31.03.2015

1,,685.77

2,529.33

2,224.61

45.65

49.98

4,734.87
"t57.74

2,076.26

s38.84

warranb

Sub-total - Shareholders' funds

2

538.84
7,990.49

Minority interest
Non-current Iiabilities
(a) Long-term borrowings

(b) Deferred tax liabilities (net)

82.89

(c) Other long-term liabilities

.1

(d) Long-term provisions

Sub-total - Non-current liabilities

34.98
4,327.59

2,798.71,

Current liabilities
(a) Short-term borrowings

1,,614.60

"t,882.57

,800.27

1,,2t2.91

1,030.80
490.18
4,935.85

966.58
263.52
4,325.58

11,838.43

8,798.88

3,635.90

2,1.25.02

(b) Trade payables

liabilities
(d) Short-term provisions
Sub-total - Current liabilities
TOTAL. EQUITY AND LIABILITIES
(c )Other current

39.56

ASSETS

B
1

Non-current assets
(a) Fixed assets
(b) Goodwill on consolidation *
(c) Non-current inveshnents

(d) Deferred tax assets (net)

(e) Long-term loans and advances
(Q Other non-current assets
Sub-total - Non-current assets
2

't

.22
5.25

1,.22

63.59

89.64
2.70

85.61

3234.7'l

2,279.M

(a) Current investments

(b) Inventories

2,453.74

1,,319.34

(c) Trade receivables

2,139.57

7,876."19

(d) Cash and cash equivalents

(e) Short-term loans and advances

2,736.24
743.90

2,887.68

3.60

Current assets

(0 Other current assets

Sub-total - Current assets

Total -Assets

Place : Mumbai

Date | 30/05/2016

387.08

30.28

108.51

8,"t03.72

6,518.80

11,838.43

8,797.U

For Oriental Veneer Products Limited

{a ^-.,tl rtltXh**"t)s
N.Mithiborwala

Karim
Managing Dfuector

Anil Bansal & Associates

Chartered Accountants
1001, IJMIMA Complex,
Link Road, Malad (West),
Mumbai-400064.

NBS & Company

Chartered Accountants
14/2 Western India House,
P.M Road Fort,
Mumbai- 400001

Auditors Report on Consolidated Year to Date Financial Results of the Company

Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
We have audited the consolidated financial results of Oriental Veneer Products Limited (the
Company) and its subsidiary i.e Oriental Foundry Private Limited for the Year ended 31st
March 2016 attached herewith, being submitted by the company pursuant to the requirement of
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
These consolidated year to date financial results have been prepared from consolidated interim
financial statements, which are the responsibility of the companys management. Our
responsibility is to express an opinion on these consolidated financial results based on our audit
of such consolidated interim financial statements, which have been prepared in accordance with
the recognition and measurement principles laid down in Accounting Standard for Interim
Financial Reporting (AS 25), mandated under Section 133 of the Companies Act, 2013 read with
relevant rules issued thereunder and other accounting principles generally accepted in India.
We conducted our audit in accordance with the auditing standards generally accepted in India.
Those standards require that we plan and perform the audit to obtain reasonable assurance
about whether the financial results are free of material misstatement(s). An audit includes
examining, on a test basis, evidence supporting the amounts disclosed as financial results. An
audit also includes assessing the accounting principles used and significant estimates made by
management. We believe that our audit provides a reasonable basis for our opinion.
NBS & Co. did not audit the financial statements of Oriental Foundry Private Limited
(Subsidiary) included in the consolidated year to date results, whose consolidated interim
financial statements reflect total assets of Rs. 1,183,843,114 as at 31st March, 2016 (year to date);
as well as the total gross revenue from operation of Rs. 940,673,361 as at 31st March, 2016 (year
to date). These interim financial statements and other financial information have been audited
by M/s. Anil Bansal & Associates whose report(s) has (have) been furnished to us, and our
opinion on the year to date Financial results, to the extent they have been derived from such
interim financial statements is based solely on the report of such other auditors.
In our opinion and to the best of our information and according to the explanations given to us
this consolidated year to date results:

i.

include the results of Oriental Foundry Private Limited

Oilaatat Vaaoai Ploducts ltd,

CIN of the Company: L02005MHl99l P1C060686

Corporate Office: 16, Mascarenhas Road, Mazgaon, Mumbai - 400 010,

Tel : +91 22 6138 9400 . Fax: 6138 9401 . Email: compliance.ovpl@gmall.com . Websiter www.ovpl.co.in

To,
BSE

Limited,

Towers,
Dalal Street,
P.J.

Mumbai -400

001

Script Code: - 531859

Dear:

-Sir/ Madarl

Subiect: - Declaration pursuant to Securities and Exchange Board of India (Listing

obligations and disclosure requirements) (amendment) regulations, 2016
I, Karim N. Nlithiborwala, Managing Director of the Company, hereby declare that the
Aurlit report's submitted along with the
1. Stanclalone Audited financial results for the quarter and year ended 3lstMarch,
201.6

2.

Consolidated Audited financial results for the year ended 31't March,2076;
alc unmodified i.e the Audit report does not contain any modified opinion.

'fhis ileclaration is given under the regulati<-rn 33 of the SEBI (Listing Obligation and
Disclosure Requirements) Regulation, 2015 as amended vide SEBI (Listing obligations
ancl disclosure requirements) (amendment) regulations, 2016 dated 25th May,2016 and
Circu [a r Cl R/ CFD/ CMD / 56 / 201,6 d ate 27 il' Mat', 201 6.
Kintltv tako the same in your records.
For Oriental Veneer Products Limited
PR

{tar,^.at

r.

Karim N Mithiborwala
Managing Director
30/0s/2015

Registered Office :Village Aghai, Via Kalyan Railway Station' Thane

- 421

30'l