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Machino Plastics Lirnited

Registered Office & Plant: C lN : L25209H R2003 PLC03503 4
3. Maruli J.V. Cornplex" Delhi-Gurgaon Road" Tel: 01 24-2341 2 I 8. 2340806 E rnai I : ad mi n (ilrnacirino. corn

Hary,'ana - 122 015. India. Fax: 0 124-2340692 Web s ite : )yyrLtf0gglj-11q.g91n

16th February, 2OL7

The Executive Director
Bombay Stock Exchange Limited.
Phiroze f eejebhoy Towers,
Dalal Street,
Mumbai-400001
Phones : +91.-22-227 1,, 3121, 2037, 204L
corp.relations@bseindia.com
Scrip Code No: 523248

Sub: Outcome of the Board Meeting held on 16th February. 2017

Dear Sir/Madam,

We wish to inform you that pursuant to Regulation 33 of SEBI flisting Obligations and
Disclosure Requirements) Regulations, 20'J,5, the unaudited financial results alongwith the
limited review report for the 3'd quarter and 9 months ended on 31st December,20L6 have
been approved by the Board of Directors of the Company in its meeting held today.

Please find enclosed herewith a signed copy of the said unaudited financial results alongwith
limited review report for the 3.d quarter ended on 31't December, 2016.

This is for your kind information and record.

Thanking you

For Machino Plastics Limited
"3
lS0/TS 1 6949:2009 Certified

Machino Plastics Limited
W ABS Certificate No: 40683
IATF Certificate No: 28290

Registered Office & Plant :
Tel. : 0124-2341218, 2340806
E-mail : admin@machino.com
Plot No. -3 , Maruti Joint Venture Complex, Website : www-machino.com
Fax : 0124-2340692 CIN : L25209HR2003PLC035034
Udyog Vihar Phase lV, Gurgaon-122015, lndia

Part I STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND THE mlNE MONTHS ENDED 31ST DEC 2016 (Rs. ln Lakhs)

Quarter ended Nine months ended
Sr. No. Pa rticula rs 31-Dec-16 30-Sep-16 31--Dec-15 31-Dec-16 31-Dec-15
(Unaudited) {Unaudited) (Unaudited) (Unaudited) (Unaudited)
1
lncome from Operations
a) Net Sales / Revenue from Operations (net of excise duty and service tax) 6,563.98 6,703.10 4,944.r7 18,989.1 1 14,89 1.15
b) Other Operating Income 5.40 6.29 5.53 16.58 1-6. 1 1

) Total lncome from Operations 6,670.38 6,709.39 4 949 70 19,005.69 74,907.26
2 Expenses
a) Cost of material consumed 4,O29.54 3,924.78 3.I42.O2 11,557.59 I 666.04
b) Changes in inventories of finished goods, WIP and stock-in-trade (10.n 1.81.55 6.66 (s8.66) 2.21
c) Employee benefit expenses 61.6.11 600.48 422 51 L,16L.84 1 111 07

d) Depreciation & amortisation expense 369.97 286.19 263.36 930.88 797.73
e) Operation & Maintenance expense 599.75 675.15 466.41 1.,864.1.1. 1.318.04
f) Other expenses 631.86 648.58 424.75 1.831.50 1,302.14
Total Expenses 6.r77.78 6.316.73 4,725.11 17.887.26 74,287.05
Profit / (Loss) from operation before other income, financial cost and exceptional items(1
2l 492.60 392.66 224.53 1,118.43 620.21
4 Other lncome o.97 L.46 2.40 2.91. 2, )1
5
Profit/{Loss) from ordinary activities before finance cost & exceptional items(3+4) AOz a1 394.1.2 276.93 r,r21..34 623.42
6 Finance Costs 1.30.75 26.27 59.64 239.13 195.10
7
Profit/(Loss) from ordinary activities afterfinance cost but before exceptional items {5-6) 362.82 357.85 L67.29 ool.L! 424.32
8 Exceptional items
9 Profit/{Loss) from ordinary activities before tax {7+8} 362.82 367.85 167.29 +zo.JL
10 Tax Expense
- lncome Tax 96.06 16.97 95.16 130.00 22t.OO
- Deferred Tax 96.37 53.90 (38.e2) L92.29 (108.84
l1 Net Profit/(Loss) from ordinary activities after tax (9-10) 170.39 296.98 111.05 559.92 J ]b. tb
L2 Extraordinary ltems (net of tax expenses
13 Net Profit/{Loss) for the period (11-1"2 i70.39 296.98 111.05 559.92 3 16.16
I4 Other Comprehensive lncome, net of Income Tax
a) ltems that will not be reclassified to profit or loss
b) ltems that will be reclassified to profit oi loss
15
Total Comprehensive lncome for the period (13+14) 170.39 296.98 111.05 559.92 3 16.16
15 Paid-up Equitv Share Capital (face value of Rs. 10/- each) 613.68 6 13.68 613.68 613.68 513.58
17
Reserves excluding revalution reserv€s as per balance sheet of previous accounting year
to Earning per share (EPS) before Extraordinary items
1aa 4.84 1.81 9.r2
a) Basic FPS (Rs.) 5.15
b) Diluted EPS (Rs.) 2.78 4.84 1.81 9.r2 5.15
(face value of Rs. 10/- each)
ad Earning per share (EPS) after Extraordinary items
a) Basic EPS (Rs.) 2.78 4.84 1.81 9.72 5. 15
b) Diluted EPs {Rs.) 1aa 4.84 1.81 9.L2 5.15
(face value of Rs. 10/- each)
Machino Plastics Limited CONTINUATION SHEET

NOTES:

The above unaudited financial results for the quarter ended 31st December, 2015 has reviewed by the
audit committee and has taken on record by the Board
of Directors in their meeting held on 16th February, 2017. The Statutory Auditors of the Company have carried out a Limited Review of the aforesaid results;

The company has adopted lndian Accoltning Standards {"lnd AS")from 1st April, 2016 and accordingly these
fnancial results have been prepared in
and measurement principles laid down in the lnd AS 34 lnterim Financial Reporting prescribed under section 133 of the
accordance with the recognition
principles generally accepted in lndia. Financial results for all
companies Act, 2013 read with the relevant rules issued thereunder and the other accounting
principles of lnd AS 34
the periods presented have been prepared in accordance with the reco8nition and measurement

2015 have not been audited or reviewed by
The lnd Compliant financial results for corresponding previous quarter and nine months ended 31st December,
AS
presented based on the information complied by management after exercisig due diligence and making necessary lnd As
statutory Auditors and has been
as per exemption given in para 2.6.1 {ii) of the sEBl ci.cular no.
adjustment to ensure a true and fair view of the results in accordance with lnd As and
CtR/cFDltAcl62/2076 dated 05th julv, 2015

not been provided, as per the exemption Siven in para 2 6 2 (i) of the
The tnd As compliant financial results for previous year ended 31st March, 2016 have
SEBI circular no. C lR/CFDlF ACl6212016 dated 05th July, 2016;

lnd complaint results as repofted above with results
Reconciliation of Net profit for the quarter and nine months ended 31st December, 2015 between
AS

previously reported (referred to as "Previous GMP")are given below:

Quarter Nine months
Description of GAAP adjustments ended ended
31-Dec-15 31-Dec-15

1,1,1.70 318.17
Net Profit as per under Previous lndian GAAP

ii lnd AS Adiustments
(3.06)
(0.e8)
a) Effect of accounting for loans at amortised cost using effective interest rate
0.33 1,05
b) Deferred taxes assets

111.05 3 16.15
iii Net Profit under lnd AS Complaint Financial Results

iv Other comPrehensive income

111.05 316.16
Total comprehensive income under lnd AS

4 Pricesfixed with customers are subject to revision;

plastic moulded parts for automotive, appliances and industrial application and allied
5 The company is exclusively engaged in the business of manufacturing of
standard {AS) - 17 "Segmental Report'ing" The
products, which is considered as the only reportable segment referred to in statement on Accounting
geographical segmentation is not relevant, as there is insignificant export;

6 Previous period figures have been recast wherever considered necessary;
By Order of the Board
.. For MACHINO PLASTICS LIMITED
-:s

Cr
<>{
-c-' '
.af
Sanjiivv Jindall
Place: GURGAON
Managing Director
Date : 16th FebruarY, 2017 .\' '.,'"
18, Ground Floor, National Park,
GOEL GARG & CO. Lajpat Nagar-lV, New Delhi-110024
Chartered Accountants Ph. : 011-46539501, 46539502
Fax No. :011-41636825
E-mail : office@goelgarggroup.com

The Board of Directors,
Machino Plastics Limited

LIMITED REVIEW REPORT

1. We have reviewed the accompanying statement of unaudited financial results of
Machino Plastics Limited for the quarter ended 3L't December,201.6 and year to date
from 1* April,20'1.6 to 3L't December,20-1.6 ("the 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. CIRICFD/FAC/62/201,6 dated l,rly 5, 201,6. 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 A534"), prescribed under Section 133 of the Companies Act, 2073
read with relevant rules issued thereunder and other accounting principles generally
accepted in India. Our Responsibility is to issue a report on the statements based on
our review"

2" We conducted our review in accordance with the 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 to obtain moderate assurance
as to whether the financial information is free of material misstatement. A review of
interim financial information consists principally of applying analytical procedures
to financial data and thus 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 notice that causes
us to believe that the Statement, prepared in accordance with 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 CIR/CFD/FAC/ 62/2016 dated J,tly 5,201.6, including the
manner in which it is to be disclosed, or that it contains any material misstatement"

For Goel Garg & Co.,
Chartered ntants

\JH
$,.rnor.
Partner
\*", Agarwal)

(M. No.084600)

Place: Gurgaon
Date: l-6th Febrvary, 2017