General information about company

Scrip code533080
Name of companyMold-Tek Packaging Limited
Class of securityEquity
Date of start of financial year01-04-2017
Date of end of financial year30-06-2017
Date of board meeting when results were approved28-08-2017
Date on which prior intimation of the meeting for considering financial results was informed to the exchange18-08-2017
Description of presentation currencyINR
Level of rounding used in financial resultsLakhs
Reporting QuarterFirst quarter
Nature of report standalone or consolidatedConsolidated
Whether results are audited or unauditedUnaudited
Segment ReportingSingle segment
Description of single segmentPackaging Containers
Start time of board meeting11:00
End time of board meeting13:30



Financial Results Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-04-201701-04-2017
BDate of end of reporting period30-06-201730-06-2017
CWhether results are audited or unauditedUnauditedUnaudited
DNature of report standalone or consolidatedConsolidatedConsolidated
Part I
1Income
Revenue from operations10055.8110055.81
Other income34.7934.79
Total income10090.610090.6
2Expenses
(a)Cost of materials consumed5482.585482.58
(b)Purchases of stock-in-trade00
(c)Changes in inventories of finished goods, work-in-progress and stock-in-trade-227.19-227.19
(d)Employee benefit expense 869.98869.98
(e)Finance costs103.95103.95
(f)Depreciation, depletion and amortisation expense303.44303.44
(f)Other Expenses
1Excise Duty1063.761063.76
2Other Expenses1285.111285.11
10
Total other expenses2348.872348.87
Total expenses8881.638881.63

Financial Results Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-04-201701-04-2017
BDate of end of reporting period30-06-201730-06-2017
CWhether results are audited or unauditedUnauditedUnaudited
DNature of report standalone or consolidatedConsolidatedConsolidated
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
3Total profit before exceptional items and tax1208.971208.97
4Exceptional items 00
5Total profit before tax1208.971208.97
7Tax expense
8Current tax450.97450.97
9Deferred tax47.3247.32
10Total tax expenses498.29498.29
11Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement00
14Net Profit Loss for the period from continuing operations710.68710.68
15Profit (loss) from discontinued operations before tax00
16Tax expense of discontinued operations00
17Net profit (loss) from discontinued operation after tax00
19Share of profit (loss) of associates and joint ventures accounted for using equity method00
21Total profit (loss) for period710.68710.68

Financial Results Ind-AS

Particulars3 months/ 6 month ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-04-201701-04-2017
BDate of end of reporting period30-06-201730-06-2017
CWhether results are audited or unauditedUnauditedUnaudited
DNature of report standalone or consolidatedConsolidatedConsolidated
Other comprehensive income [Abstract]
1Amount of items that will not be reclassified to profit and loss
1Changes in fair value of investments-50.81-50.81
Total Amount of items that will not be reclassified to profit and loss-50.81-50.81
2Income tax relating to items that will not be reclassified to profit or loss 0
3Amount of items that will be reclassified to profit and loss
1Actuarial loss on employee defined benefit plans regrouped to Other Comprehensive Income-2.93-2.93
Total Amount of items that will be reclassified to profit and loss-2.93-2.93
4Income tax relating to items that will be reclassified to profit or loss 0
5Total Other comprehensive income-53.74-53.74

Financial Results Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
ADate of start of reporting period01-04-201701-04-2017
BDate of end of reporting period30-06-201730-06-2017
CWhether results are audited or unauditedUnauditedUnaudited
DNature of report standalone or consolidatedConsolidatedConsolidated
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
23Total Comprehensive Income for the period656.94656.94
24Total profit or loss, attributable to
Profit or loss, attributable to owners of parent00
Total profit or loss, attributable to non-controlling interests00
25Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent00
Total comprehensive income for the period attributable to owners of parent non-controlling interests00
26Details of equity share capital
Paid-up equity share capital
Face value of equity share capital
27Details of debt securities
Paid-up debt capital
Face value of debt securities
28Reserves excluding revaluation reserve
29Debenture redemption reserve
30Earnings per share
iEarnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations2.912.91
Diluted earnings (loss) per share from continuing operations2.912.91
iiEarnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations00
Diluted earnings (loss) per share from discontinued operations00
iiEarnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations2.912.91
Diluted earnings (loss) per share from continuing and discontinued operations2.912.91
31Debt equity ratio
32Debt service coverage ratio
33Interest service coverage ratio
34Disclosure of notes on financial resultsTextual Information(1)

Text Block

Textual Information(1)1. This statement has been prepared in accordance with the Companies (Indian Accouning Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and polocies to the extent applicable. Beginning April 1, 2017, the Company has for the first time adopted Ind AS with a transition date of April 1, 2016. Accordingly the impact of transition has been provided in the opening reserves as at April 1, 2016 and all the periods presented have been restated accoringly.
2. Figures of the previous period have been restated to comply with Ind AS to make them comparable.
3. The reconcilation of profit between Ind As and previous Indain GAAP for the earlier period.
Rs In lakhs
Nature of adjustments Quarter Ended Year Ended
31-03-2017 31-03-2017

Net profit as per previous indian GAAP 580.88 2427.45
Actuarial loss on employee defined benefit
plans regrouped to Other Comprehensive Income 4.48 17.92
Deferred Tax Adjustments on account of WDV Approach** 30.41 -28.07
Profit as per Ind As before OcI 615.77 2417.3
Actuarial loss on employee defined benefit plans regrouped
to Other Comprehensive Income (Net of taxes) -2.93 -11.72
Changes in Fair Valuation of Investments*** 188.43 -491.18
Profit as per Ind As 801.27 1914.4
** The impact of transition adjustments together with Ind As mandate of using balance sheet approach for computation of deferred taxes as against profit and loss approach in the previous GAAP.
*** The Company has valued Investments (other than investment in subsidiaries), at fair value. Impact of fair value changes as on the date of transition, is recognised in opening of Other Equity and changes thereafter are recognised in Other Comprehensive Income.
4. Segment reporting as required under As -17 is not applicable as revenue comes from a single segment.
5. The above results have been Reviewed and recommended for adoption by Audit committee, and taken on record by the Board of Directors at their meeting held on 28th August 2017.
6. The commercial operations has started at Mold-Tek FZE in 3rd Quarter of previous financial year, so corresponding period figures are not reported.