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Notes:
The above unaudited financial Results for the quarter and half year ended September 30,
2014 have been reviewed by the Audit Committee and approved by the Board of Directors
at their meeting held on November 13, 2014.
2.
The Statutory Auditors of the Company have carried out the Limited Review of the above
results.
3.
The Company operates through two business segments namely, a) Press Sheet Process and
b) Design Engineering Services & Software Development. However Design
Engineering
Services & Software Development is not a reportable segment in terms of the criteria laid
down in paragraph 27 of lhe Accounting Standard -17 as the revenue/results/assets of this
segment are not more than the threshold limit
of 10 % of the total
segment
revenuef result/assets,
4.
As per Accounting Standard -21 (Consolidated Financial Results) issued by the lnstitute of
of lndia, the Consolidated Financial Results are based on the unreviewed Financial Results of subsidiaries - Koderat lnvestments Limited, Cyprus, Autoline
lndustries USA, lnc. Autoline Stampings Limited, South Korea (Subsidiary of Autoline
Chartered Accountants
lndustries USA, lnc.). The Financial Results of Autoline lndustrial Parks Limited has been
consolidated as per provisions of Companies Act, 2013 and as per Accounting Standard -21
(Consolidated Financial Results) issued bythe lnstitute of Chartered Accountants of lndia to
the extent of 43.78%. Autoline lndustrial Parks Limited continues to remain subsidiary within
the meaning of Section 2 l87l of the Companies Act, 2013. The Financial Results of the
Foreign Subsidiaries have been prepared as per GAAP, followed in the country of their
incorporation.
5.
The Company has revised depreciation rates on fixed assets accordingly to the useful life as
ll to the Companies Act, 2013. Had there not been change in
depreciation rates, the depreciation would have been lower by {. 43.52 Lacs and by {.
specified in the Schedule
107.03 Lacs for the quarter and half year ended September 30, 2014 respectively.
6.
The investment includes investment in SZ Design, Srl, ltaly through Wholly Owned Subsidiary
Koderat lnvestments Ltd. Cyprus. The Court of Milan, ltaly have rejected the request of
"Concordato Preventivo" under the ltalian Laws and the matter is subjudice. The Company
willtake suitable action after the decision.
7.
During the quarter, the Company has executed Letter of lntent with prospective buyer for
sale of entire equity stake in Autoline lndustries USA, lnc., Wholly Owned Subsidiary and all
its subsidiaries viz- Autoline Stampings Limited, South Korea, Autoline lndustries (Shanghai)
Co. Ltd., China, Autoline lndustries GmbH, Germany and members' interest in Autoline
lndustries lndiana, LLC, USA. As per revised Clause 49 of the Listing Agreement effective
from Octobdr 1,2014, the Company is seeking Member{ approval by way of Postal Ballot in
terms of Section 110 of the Companies Act, 2013 and all other applicable provisions, if any,
of the Companies Act, 2013 read with Rule 22 of the Companies {Management and
Administration) Rules, 2014.
t
iluw4,
8.
of Maharashtra is accounted at the end
The lndustrial Promotion Subsidy from Government
of year when the claim is lodged'
the company has received 'Locational
Autoline lndustrial Parks Limited, a subsidiary of
of Maharashtra' Mumbai
clearance'from Urban Development Department' Government
dated September 10' 2014 for its
vide its Notification No. TPS-1813/31531CR-544/B/UD-13
Project) located at village42.2666 Hector (104 Acres under Speci3l Township
9.
land
Mahalunge, Tal: Khed, Dist: Pune'
be accounted at the end of the financial year
10. The income tax and deferred tax, if any, wilt
2014-75^
given below:
11. The key Standalone Financial Results are
Particulars
3
Preceding 3
months
months
ended
ended
(3olosl
(3O/06l2oL4
20L4l
)
Correspondin
g 3 months
ended
Year to date
(30/osl2013)
in the
period
tn -akhs
Previous
year
ended
for
figures
Previous
l3Ll03/2or4
Year ended
)
ended
{30/osl2or3
previous year
(3Ol09l2or4
)
figures for
current
Year to date
)
(U na
udi
(Unaudited)
(U
naudited)
(Unaudited)
(Audited)
(Unaudited)
ted)
Net
Sales/
lncome
from
operations
Profit before
tax
9,O41
9,30 6
18,353
22,O14
39,691
$,7 4r)
Q,7
Ll\
\e27)
\3,4s2\
(1,e08)
it4,427)
lr,7 4L)
(1,711)
(s27\
13,4s2)
(1,908)
(4,4s0)
Net Profit after
tax
10,833
12. The figures
for the corresponding previous periods have been restated
/
regrouped'
wherever necessary, to make them comparable'
the company's website: www autolineind com - or
com'
Website : www.bseindia.com or NSE website :www nseindia
13. The Results Can be viewed on
By Order of
the Board
LINE INDUSTRIES LIMITED
'\
.t
\Nrryz
(shivali Akhade)
(Ur*bsh Chavan)
Managing Director
Executive Director & cEO
Ptace:Mumbai
Date: November 13,2014
BSE
CHA
R
U
H. O.: Anand Apartment, 1180/2, Shivajinagar' Pune - 411005
Tel. Far:91-020 -3028184?, Ph.; 25535600, 30281845 / 46.
E-mail: [email protected] wtrlv.arsandco.com
TER ED
NTAN TS
Branches : Nlumbai
I
Nashik I BeDgaluru
I
Kolhapur Ahmedabad
lUydcrabad
LIMITED REVIEW REPORT
The Board of Directors.
Autoline Industries Limited.
S.Nos.3 13/3 14.320 to 323, Nanekanvadt.
Chakan. Tal-Khed. Dist-Pune 4 I 050 I
l.
We have reviewed the accornpanling stxndalonc ufaudited flnincial results of Autoline Industries Limited (the
',Company"), for the qua.rter & half year endrd l0n September 2014 which are included in the 'Standalone
statement ofunaudited financial results for the quarter and halfycar ended 30d September 2014' and the statement
ofasset and liabilities as on that date (the -Statement") , except for the disclosures regarding 'Public Shareholding'
and.promoter Group Shareholding'rvhich have bcen traced liom disclosures made by the management and have
neithcr been reviewed nor been audited by us. The Statement has been prepared by the company pursuant to clause
4l of rhe listing agreement with the Stock Exchanges in India. This Statement is the responsibility of the
Company's Management and has been approved by the Board of Directors / Committee of Board of Directors. Our
responsibility is to issue report on the-se financial statement baseci on our revict\
2.
We conduct our review in accordance with the Standard on Review Engagemenl (SRE) 2,110, " Review of Intetim
Financial Information performed by the Independent Auditor ofthc Entity" issued by the Institute ofChartered
Accountants of India lllis Standard requires that we plan and perform the review to obtain moderate assurance as to
whether the financial statements are liee ofmaterial misstatement.
3.
A review is limited
4.
pri
arily
10
inquiries of company personnel and analyical procedures applied to financial data
and thus provide less assurance than an audit. We have not performed an audit and, accordingly, we do not exprcss
an audit opinion.
Based on our review conducted as above, nothing has come to our attention that causes us to believe that the
Siatement ofunaudite<.] financial results has not been prepared in all material respects in accordance with applicable
Accountiig Standards notified pursuant ro the Compcnies (Accounling Standard) Rules 2006, as per Section 2 I I
(3C) ofCompanies Act 1956read\rith General Circular l5/20l3dated ll'n September 2013 oftheMinistryof
Corporate Al'1'airs in respect ofSec 133 ofCompanies Act, 2013 and other recognized accounting practices and
policies, and has not disclosed the inlormation required to be disclosed in terms ofclause 4l ofthe Lisling
agrcement including the nanner in rvhich it is to be disclosed, or thal it contains any material misstatement.
&co
NTANTS
N1lMBER1105,t0W
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PARTNDR
MEMBtrRSHIP NUNlBDR T31892
PLACtr: l'UNE
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H. O.: Anand Apartmenr. 80/2. Shivajinagar. pune _ 4,1005.
Tel. Far; 9 l-020 -3028t 817. ph.: 255J5600. J028 t845 / Jo.
E-mail: [email protected] rr}vry.a$analco.com
Branches : \4unrbai | \ashik Bengrturu Kothaprrr Ahmedabad
I
i
CHARTERED
ACCOUNTANTS
lltrdcrah,d
I,IMITED REVIEW REPORT
The Board ofDirectors.
Autoline Lrdustries Limited,
S.Nos.3 l3/3 1 4.320 to 323, Nanekarwadi,
Chakan, Tal-Khed, Dist-Pune 4 I 0501
I
w^e have reviewed the accompanying consolidated unaudited
financial results of Autoline lndustries Limited {the
30rh september 2014 \vhich
statement ofunaudited financiar resurts_for the quarter andhalfyear ended j0,h
s"p,"rru". ior+;
ofasset and liabilities as on that date (the "statement") , except for the discrosures
""0
regarding
-by
and'Promot€r Group shareholding' which have been traced iom disclosures
made
the-manager;;;;;;""
neither been reviewed nor been audited b) us. The Statement has b€en prepared
by the
pl_ruun, io
"companl'), for the quafter & half year ended
"- i"lr"J"Jl"-irr.".;;;;;;;"a
;; ;;;i;^,
.pubii;sh;;i;;;g,
4l of rhe risring agreemenr $rrh rhe 5rock Excharges in lndia. Iiis s.arem.n, i,"o.puny
"luir"
rr,i ,i. j-riuiii,;;i;.
company's Management and has been approved by thJBoard ofDirectors
I committee ofBoard of Directors. our
responsibility is to issue report on th€se financial statement based on our
revrew.
2
3
we conduct our review in accordance- with the standard on Review Engagement (sRE)
24r 0, .. Review of Interim
Financial lnformation performed by the Independent Auditor ofthe eni;tl" lssuea
ty itre rnsiitute orclarfieJ
Accountants oflndia This sta.ndard r^equires that we plan and peform the review
to obtain moderate assurance as to
whether the linancial statements are liee of material misstatem€nt.
A review is lirnited primarily to inquiries ofcompany personnel and airal]'tical procedures
applied to financial data
W; hav; not performert an audit ;d, accord;;l; ;;
;ffi;;;;;
and thus provide iess assurance than an audit.
an audit opinion.
4
We have not reviewed the financial statements of three foreign subsidiaries (including
one step down subsidiary)
included in consolidaled financial statements, whose financial"statements
reflecr totur is"irot-ir. isa.66;;;;;;^
at 30s september 2014 and toral revenue of Rs.7l. 07 crores for ,rr"
iuu.to:
financial statements have been certified by Company's mxnagement and flrnished"nJ.oio;i
to us, -d
di;i.", l; ;;
it relates to the amount included in.etp"ct oithi two folign subsidiary companies
are""'.
based solelv on these
cedi lled fi nancial slatemenls
s;;;;b*,;,;. ffi."
f.r;,
5'
Based on our review conducted as above, nothing has come to our attention
that causes us to believe that the
statement ofunaudited financial results has not been prepared in all materialrespectr
in ua*.aun"" *lti' uppri"urrr"Accounting standards notified pursuant to the companiei
lAccounting standardj Rules zoor,
p.,
-'
(3c) of companies Act 1956 read with ceneral Circular l5/2013 datei l3n
September 2013 or
vrn;st*
ni
corporare Affairs in respect of sec 133 of companies Act, 2013 and other
recig^ir"J
polJcies' and has not disclosed the information required to
be disclosed in terms
claur. + I oiir,?'i;rii"g
including the manner in which it is to be disclosed, or that it contains any material
"g...,n"",
misstatement.
;f
FOR A.RSULAKHE & CO
ACQOUNTANTS
N NUMBERl10540W
1.9t95
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