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W Machino Plastics Limited
Registered Office & Plant: CIN:L25209HR2003PLC035034
3, Maruti J.V, Complex, Delhi-Gurgaon Road, Tel: 0124-2341218, 2340806 Email: admin@machino.comHaryana e 122 015, India. Fax: 0124-2340692 Website: www.machino.com
Date: 30th January, 2019
To,
The BSE Ltd.
Phiroze Jeejebhoy Towers,
Dalal Street,
Mumbai — 400001
Scrip Code. 523248
Sub: Outcome ofthe Board Meeting held on 30th lanuau. 2019
Dear Sir/Madam,
Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, please find enclosed herewith the Unaudited Financial Results of the
Company along with the Limited Review Report for the quarter and nine months ended on 315t
December, 2018 approved by the Board of Directors of the Company in its meeting held todayi.e. on Wednesday, the 30th January, 2019.
The Board Meeting commenced at 02:30 pm. and concluded at 03:30 pm.
Kindly take the same on record.
Thanking You
Yours faithfullyFor Machino Plastics Limited
For Machino Elastics Ltd
3”?”_
Am. rised Signatory
Sanjiivv lindallChairman cum Managing Director
ISO/TS (6949:2009 Certified
“w EVi'I/z,.0 In,
‘5 \
“9.3:...ABS Certificate No: 40683
IATF Cerlificate No: 28290
reW Machino Plastics Limited
Registered Office 8. Plant :
Te'. 1 01244341218, 2340806 E-mail : admin@ma_chino.comPlot No. -3, Marutl Jomt Venture Complex, Fax
.
0124-2340692Webs'te i WWW-mBCh'm-Wm
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CIN 1 L25209HR2003PLC035034Udyog Vihar Phase IV, Gurgaon-122015, India
STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 315T DECEMBER
Part I 2018 (RS. In Lakhs)Quarter ended Nine months ended Year ended
Sr 8 Particulars 31-Dec-18 30-Sep-18 31-Dec-17 31-Dec-18 31-Dec—17 31-Mar-18
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
I Revenue from Operations
Sale of products 7,232.72 3,223.89 7,445.84 23,380.56 23,635.92 31,750.74Other Operating revenues 12.36 10.72 11.96 32.66 27.34 36.68
Total Revenue from Operations 7,245.08 8,234.61 7,457.80 23,413.22 23,663.26 31,787.42II Other Income 2.09 0.91 1.62 5.11 10.73 26.62
ill Total Income (I+II) 7,247.17 8,235.52 7,459.42 23,418.33 23,673.99 31,814.04
IV Expenses
Cost of material consumed 4,350.16 5,066.44 4,493.61 14,242.99 13,824.59 18,635.49
Changes in inventories of finished goods, WIP and stock»inetrade (156.93) (64.22) (58.60) (243.65) (214.29) (139.57)Employee benefit expenses 844.99 828.21 766.24 2,421.85 2,361.61 3,128.20Finance Costs 153.91 153.36 177.10 462.79 562.58 727.12
Depreciation & amortisation expense 465.84 466.07 479.51 1,405.70 1,420.10 1,907.08Excise duty on sale of goods -
--
- 1,193.09 1,193.09
Other expenses 1,519.24 1,685.83 1,509.62 4,856.36 4,677.18 6,185.06Total Expenses (IV) 7,177.21 8,135.69 7,367.48 23,146.04 23,824.86 31,636.47
v Profit before tax (III-IV) 69.96 99.83 91.94 272.29 (150.87) 177.57
VI Tax Expense7 Income Tax (41.27) 24.20 (5.10) 49.72 7.50 (93.36)- Deferred Tax 108.30 (12.99) 3.54 77.34 6.09 (209.36)
67.03 11.21 (1.56) 127.06 13.59 (302.72)VII Profit for the period (V-VI) 2.93 88.62 93.50 145.23 (164.46) 480.29
VIII Other Comprehensive Income
3) Items that will not be reclassified to profit or loss --
-— 7
9.37
b) Income tax relating to items that will not be reclassified to profitor loss »
--
»-
(3.10)c) Items that will be reclassified to profit or loss -
-.
._
d) Income tax relating to items that will be reclassified to profit or
loss --
».
._
Total Other Comprehensive Income for the period (a+b+c+d) --
—-
- 6.27
IX Total Comprehensive Income for the period (VII+VIII) 2.93 83.62 93.50 145.23 (164.46) 486.56
X Paid-up Equity Share CapitaI 613.68 513.68 613.68 513.68 613.68 613.68
XI Face value of the share (INR) 10.00 10.00 10.00 10.00 10.00 10.00
Earning per share (EPS) (face value of Rs. 10/- each)
a) Basic EPS (RS.) 0.05 1.44 1.52 2.37 (2.68) 7.83
b) Diluted EPS (RSJ 0.05 1.44 1.52 2.37 (2.68) 7.83
. {‘1‘ L.-'95-;1:0,. machine WEE
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MACHINO PLASTICS LIMITED Continuation Sheet
NOTES :
The above unaudited financial results for the quarter and nine months ended 31$t Dec, 2018 have been reviewed by the audit committee ofthe Board and taken1 on record by the Board of Directors in their meeting held on 30th Jan, 2019. The Statutory Auditors of the Company have carried out a audit of the aforesaid
results.
2 These results have been prepared in accordance with the Indian Accounting Standards (lnd AS) prescribed under Section 133 of the Companies Act, 2013 andother recognised accounting practices and policies to the extent applicable
3Consequent to introduction of Goods and Services Tax (GST) with effect from Ist July 2017, Central Excise, Value Added Tax (VAT) etc have been subsumed intoGST. In accordance with lndian Accounting Standard - 18 on Revenue and Schedule III of the Companies Act, 2013 unlike levies like GST, VAT etc are not part ofRevenue. Accordingly, the figures for the period ended 31st Dec 2018 and year ended 315t March, 2018 are not strictly relatable to current period numbers. Thefollowing additional information is being provided to facilitate such understanding:
Particulars Quarter ended Nine months ended Year Ended31.12.2018 30.09.2018 31.12.2017 31.12.2018 31.12.2017 31.03.2018
A. Sales of products 7,245.08 8,234.61 7,457.80 23,413.22 23,663.26 31,787.42B. Excise duty —
»»
-
1,193.09 1,193.09C. Sale of products excluding excise duty (A) - (B) 7,245.08 8,234.61 7,457.80 23,413.22 22,470.17 30,594.33
4 Prices fixed with customers are subject to revision.
5 The company is exclusively engaged in the business of manufacturing of plastic moulded parts for automotive, appliances and industrial application and alliedproducts, which is considered as the only reportable segment referred to in statement on ind AS — 108 "Operating Segments". The geographical segmentation isnot relevant, as there is insignificant export.
6 Volumes are lower due to discontinuation [replacement of some models and main customer producing bumpers and instrument panels in house in their new
plants at Manesar and Gujarat.
7 The company will not be accepting any request for transfer of shares in physical form with effect from lst April. 2019 except transmission or transposition ofphysical shares.
3 Previous period figures have been recast wherever considered necessary.
By Order of the Board
For MACHINO PLASTICS LIMITED
For IVITCZi“1". .
’
7’5Place : GURGAON
. --
“Sanjiiw JindallDate : 30th Jan, 2019Chairman cum Managing Director
E
KM G S & ASSOCiateS Basement, 18, National Park,
Chartered Accountants Lajpat Nagar—IV, New Delhi—110024
INDEPE
TO THE
1.
Phone No.011»41636826
Fax No.01 1-41636825
Email: office@kmgsa.in
NDENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTERIM FINANCIAL RESULTS
BOARD OF DIRECTORS OF MACHINO PLASTICS LIMITED
We have reviewed the accompanying Statement of Standalone Unaudited Financial
Results of Machine Plastics Limited (”the Company"), for the quarter and nine month
period ended December 31, 2018 (”Statement”), being submitted by the Company
pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 as modified by Circular
No.ClT/CFD/FAC/62/2016 dated July 5, 2016.
This Statement which is the responsibility of the Company’s Management and approved
by the Board of Directors, has been prepared in accordance with the recognition and
measurement principles laid down in the Indian Accounting Standards 34 ”Interim
Financial Reporting (”Ind AS 34”), prescribed under Section 133 of the Companies Act,
2013 read with relevant rules issued thereunder and other accounting principles
generally accepted in India. Our responsibility is to issue a report on the Statement
based on our review.
We conducted our review of the Statement in accordance with Standard on Review
Engagements (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 of 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 provides less assurance than an audit. We have not performedan audil and, atwrdingly, we do not express an audit opinion.
Based on our review conducted as stated above, nothing has come to our attention that
causes us to believe that the accompanying statement, prepared in accordance with the
aforesaid Indian Accounting Standards and other accounting principles generally
accepted in India, has not disclosed the information required to be disclosed in terms of
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, as modified by Circular No‘ClR/CFD/FAC/62/2016 dated July 5, 2016, including the
manner in which it is to be disclosed, or that it contains any material misstatement.
For K M G S & Associates
Chartered Accountants
(Lalit Goel)Partner
M. No.091100
New Delhi, 30th January, 2019
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