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Amines & Plasticizers Ltd Interim / Quarterly Report 2022
60862_rns_2021-08-06_ef59683b-5dc0-49a2-b28f-29018e5dba42.pdf
Interim / Quarterly Report
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0'" AMINES & PLASTICIZERS LIMITED
(ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 CERTIFIED COMPANy)
Date: August 06, 2021
To, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001.
Dear Sirs,
Sub: Outcome of the Board Meeting held today i.e on 06/08/2021 Security Code: 506248.
This is to inform you that the Board of Directors of the Company at its Meeting held today i.e. 06.08.2021 at Mumbai, inter alia has considered and approved Un-audited Standalone & Consolidated Financial Results together with the Limited Review Report from Mis BDG & Associates, Chartered Accountants, Statutory Auditors of the Company for the 1st Quarter ended on 30.06.2021.
Further, the Board of Directors at it's meeting also decided following:
-
- The 46th Annual General Meeting ('AGM') of the Members of the Company for the year ended 31 st March, 2021 will be held on Thursday, 23rd September, 2021, through Video Conferencing (VC) I Other Audio Visual Means (OAVM).
-
- The Record date has been fixed as 30th August, 2021 for the purpose of ascertaining entitlement for the payment ofDividend.
-
- The Closure of Register of Members and Share Transfer Books ofthe Company will be from Monday, 13th September, 2021 to Thursday, 23rd September, 2021 (both days inclusive) for the purpose of Annual General Meeting.
Enclosed please find copies of:-
- i. Approved Un-audited Standalone & Consolidated Financial Results for the 1sl Quarter ended on 30.06.2021,
-
- Limited Review Report by Mis B D G & Associates, Chartered Accountants, Statutory Auditors on the Un-audited Financial Results,
- iii. Notice of Book Closure for the purpose of 46th Annual General Meeting of the Company.
The Board Meeting commenced at 3.40 PM and concluded at 5.15 PM today.
Thanking you, Yours sincerely, F· . Amines & las~'!t1'J~L ~... 'lW~mt~WSecretary.
Independent Auditor's Review Report on Quarterly and Year to Date Unaudited Standalone Financial Results of Amines & Plasticizers Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
To the Board of Directors of Amines & Plasticizers Limited
- 1) We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of Amines & Plasticizers Limited ('the Company') for the quarter and three month ended 30thJune 2021, and the year to date results for the period 01st April 2021 to 30th June 2021,being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, as amended.
- 2) 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 Indian Accounting Standard (Ind AS) 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
- 3) We conducted our review of the Statement 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 statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
- "Omkar"Behind Guru Nanak Petrol Pump, E-Mail: [email protected] 4) Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.
For B D G & Associates Chartered Accountants Firm Registration No. 119739W
Mumbai – 400 093 www.bdgandassociates.com Mumbai | Delhi | Kota Nikhil Rathod Partner Membership Number: 161220 Place: Mumbai UDIN: 21161220AAAADH8859 Date: 06-08-2021
910, 9th Floor,The Summit Business Bay – Phone : +91-22-26813100 Off. Andheri Kurla Road, Andheri (E),
Independent Auditor's Review Report on Consolidated Unaudited Quarterly and Year to date Financial Results of Amines & Plasticizers Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
To Board of Directors of Amines & Plasticizers Limited
- 1) We have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement') of Amines & Plasticizers Limited ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group') for the quarter and three months ended 30th June 2021 and the consolidated year to date results for the period 1st April 2021 to 30thJune 2021, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
- 2) This Statement, which is the responsibility of the Holding Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard (Ind AS) 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
- 3) We conducted our review of the Statement 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 Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the SEBI Circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015 (as amended), to the extent applicable.
"Omkar"Behind Guru Nanak Petrol Pump, E-Mail: [email protected] Mumbai – 400 093 www.bdgandassociates.com Mumbai | Delhi | Kota 4) Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.
910, 9th Floor,The Summit Business Bay – Phone : +91-22-26813100 Off. Andheri Kurla Road, Andheri (E),
- 5) The statement includes the unaudited financial results/information of following entities:
- i) Amines & Plasticizers FZ LLC (Wholly Owned Subsidiary Company).
- 6) The statement includes interim financial information of Wholly Owned Subsidiary Company, which has not been reviewed by their auditors and have been furnished to us by the Holding Company's Management, whose financial information (before elimination) reflects total revenue of Rs. 10.99 Lakhs, total net profit after tax of Rs. 7.54 Lakhs and total comprehensive loss of Rs 0.67 Lakhs for the period ended 30th June 2021 are considered in this statement. Our conclusion on the Statement, and our report in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), read with SEBI Circular, in so far as it relates to the aforesaid subsidiary, is based solely on such unreviewed interim financial results. According to the information and explanations given to us by the management, these interim financial results are not material to the Group. Our conclusion is not modified in respect of this matter.
For B D G & Associates Chartered Accountants FRN: 119739W
Nikhil Rathod Partner Membership No. 161220 Place: Mumbai UDIN: 21161220AAAADI2809 Date 06-08-2021
AMINES & PLASTICIZERS LIMITED Reg. Office Add: POAl ENCLAVE, C/o. PRANATI BUilDERS PVT. lTD., PRINCIPAL J.B.ROAD, CHENIKUTHI, GUWAHATI - 781 003, ASSAM Corp. Office: D/6 Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai - 4000181 Tel.: 022 622110001 Fax: 022 24938162 CIN : l24229AS1973PlCOO1446 email id: [email protected], website: httpllwww.amines.com
STATEMENT OF UNAUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2021
| (~in lakhs) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Sr. Particulars | Standalone | Consolidated | ||||||||
| No. | Quarter ended | Quarter ended | Year ended | |||||||
| 30-Jun-21 | 31-Mar-21 | 30-Jun-20 | 31-Mar-21 | 30-Jun-21 | 31-Mar-21 | 30-Jun-20 | 31-Mar-21 | |||
| Unaudited | Audited | Unaudited | Audited | Unaudited | Audited | Unaudited | Audited | |||
| I. | Income | |||||||||
| a | Revenue from Operations | 13,448.19 | 14,287.83 | 7,582.15 | 44,189.61 | 13,459.19 | 14,287.83 | 7,582.15 | 44,189.61 | |
| b | Other Income | 129.05 | 129.12 | 94.59 | 486.51 | 129.05 | 129.12 | 94.59 | 486.51 | |
| Total Revenue (a+b) | 13,577.24 | 14,416.95 | 7,676.74 | 44,676.12 | 13,588.24 | 14,416.95 | 7,676.74 | 44,676.12 | ||
| II. | Expenses | |||||||||
| Cost of Materials Consumed | 9,303.92 | 8,772.40 | 3,629.89 | 27,208.54 | 9,303.92 | 8,772.40 | 3,629.89 | 27,208.54 | ||
| Purchase of 5tock -in -Trade | 275.38 | 381.85 | 24.24 | 450.06 | 275.38 | 381.85 | 24.24 | 450.06 | ||
| Changes in Inventories of Finished Goods, | 31.92 | 565.62 | 901.31 | 698.01 | 31.92 | 565.62 | 901.31 | 698.01 | ||
| Stock -in- Trade and Work -in- Progress | ||||||||||
| Employee Benefits Expenses | 416.79 | 432.98 | 354.64 | 1,530.17 | 416.79 | 432.98 | 354.64 | 1,530.17 | ||
| Finance Costs | 192.46 | 193.65 | 282.25 | 959.53 | 192.93 | 194.07 | 282.68 | 961.23 | ||
| Oepreciation and Amortisation Expense | 105.30 | 95.02 | 104.45 | 410.94 | 105.30 | 95.02 | 104.45 | 410.94 | ||
| Other Expenses | 2,216.90 | 2,819.89 | 1,357.81 | 9,013.22 | 2,219.88 | 2,822.12 | 1,360.67 | 9,022.73 | ||
| Total Expenses | 12542.67 | 13,261.41 | 6,654.59 | 40,270.47 | 12,546.12 | 13,264.06 | 6,657.88 | 40,281.68 | ||
| III. | Profit before Exceptional Items and Tax (HI) | 1,034.57 | 1,155.54 | 1,022.15 | 4,405.65 | 1,042.12 | 1,152.89 | 1,018.86 | 4,394.44 | |
| IV. | Exceptional Items | - | - | - | - | - | ||||
| V. | Profit before Tax (III-IV) | 1,034.S7 | 1,155.54 | 1,022.15 | 4,405.65 | 1,042.12 | 1,152.89 | 1,018.86 | 4,394.44 | |
| VI. | Tax Expense | - | ||||||||
| Current Tax | 257.20 | 287.60 | 247.50 | 1,075.90 | 257.20 | 287.60 | 247.50 | 1,075.90 | ||
| Deferred Tax | 5.65 | 12.86 | 9.81 | 59.16 | 5.65 | 12.86 | 9.81 | 59.16 | ||
| Total Tax Expenses | 262.85 | 300.46 | 257.31 | 1,135.06 | 262.85 | 300.46 | 257.31 | 1,135.06 | ||
| VII. | Profit for the Period (V-VI) | 771.72 | 855.08 | 764.84 | 3,270.S9 | 779.27 | 852.43 | 761.55 | 3,259.38 | |
| VIII. | Other comprehensive Income | |||||||||
| a | Items that will not be reclassified to profit or loss | (2.67) | 39.48 | (10.41) | 12.79 | (2.67) | 39.48 | (10.41) | 12.79 | |
| b | Items that will be reclassified to profit or loss | - | - | - | - | (0.67) | (2.88) | (1.28) | ||
| Total Other Comprehensive Income | (2.67) | 39.48 | (10.41) | 12.79 | (3.34) | 36.60 | (10.41) | 11.51 | ||
| Less: Tax on OCI | - | 3.22 | 3.22 | - | 3.22 | - | 3.22 | |||
| Other Comprehensive Income (Net of Income Tax) | (2.67) | 36.26 | (10.41) | 9.57 | (3.34) | 33.38 | (10.41) | 8.29 | ||
| IX. | Total comprehansive income for the period (VII+VIII) | 769.0S | 891.34 | 754.43 | 3,280.16 | 775.93 | 819.0S | 7S1.14 | 3,267.67 | |
| X. | Paid-up equity share capital (face value Rs. 2/- each) | 1,100.40 | 1,100.40 | 1,100.40 | 1,100.40 | 1,100.40 | 1,100.40 | 1,100.40 | 1,100.1:0 | |
| :~I. | Other Equity (Reserve and Surplus) | - | - | - | 13,027.16 | - | - | 12,975.34 | ||
| XII. | Earning per equity share of Rs. 2 each (EPS) (not annualised) Basic / Diluted EPS |
1.40 | 1.55 | 1.39 | 5.94 | 1.42 | 1.55 | 1.38 | S.92 |
The above results for the quarter ended 30th June, 2021 which have been subjected to review by Statutory Auditors of the Company were reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at its meeting held on 6th August, 2021, in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended).
2 The financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS), prescribed under Section 133 of the Companies Act, 2013 anc' other recognized accounting practices and policies to the extent applicable.
3 The unaudited financial results of the overseas non material subsidiary has been consolidated on the basis of unreviewed financial statements prepared by the management of the subsidairy.
4 The figures for the quarter ended 31st March, 2021 are the balancing figures between the audited figures in respect of the full financial year ended 31st March, 2021 and the unaudited published year to dated figures upto the end of third quarter of the relevant financial year which are subjected to limited review.
5 The Company's main business is Chemical manufacturing falls within a single business segment and therefore, segment reporting in terms Ind AS-lOB "Operating Segments" is not applicable.
6 Previous period figures have been regrouped / rearranged / restated / recaste to be in conformity with the Schedule III of the Companies Act, 2013.
7 The standalone and consolidated financial results are available on Company's website i.e. www.amines.com and also on the website of the BSE Limited i.e www.bseindia.com.
Place: MUo1lbai
Date: 6th August, 2021 For Amines a,nd Plasticizers Limited ~~~
Hemant Kumar Ruia Chairman & Managing Director DIN: 00029410
AMINES & PLASTICIZERS LIMITED
(ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 CERTIFIED COMPANy)
Date: August 06, 2021
To, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001.
Dear Sirs,
Sub: otice of Book Closure for the purpose ofAnnual General Meeting of the Company. Security Code: 506248.
Pursuant to Regulation 42 ofthe SEBI (LODR) Regulation 2015, we wish to inform you that the Register ofMembers and Share Transfer Books ofthe Company will remain closed during the following period:
| Scrip Code, |
Book Closure date |
Purpose |
|---|---|---|
| of Type Security & |
||
| paid-up value |
||
| 506248, | 13th September, Monday, 2021 to |
of Annual General Meeting |
| Equity Shares ofRs. 2/- |
23rd September, Thursday, 2021 |
the Company to be held on |
| each fully paid. |
(both days inclusive) |
23rd September, 2021. |
Request you to kindly make a note ofthe same and oblige.
Cc: 1. National Securities Depository Limited
-
- Central Depository Services (India) Limited
-
- Link Intime India Pvt. Ltd
AMINES & PLASTICIZERS LIMITED
(ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 CERTIFIED COMPANy)
Date: August 06, 2021
To, BSE Limited, PhirozeJeejeebhoy Towers, Dalal Street, Mumbai- 400 001.
Dear Sirs, Sub: Intimation ofAGM, E voting period, Record date and Book Closure. Security Code: 506248.
Pursuant to Regulation 42 ofthe SEBI (LODR) Regulations 2015, we wish to inform you that the Register ofMembers and Share Transfer Books ofthe Company will remain closed during the following period:
| Annual General Meeting date, |
23rd September, Date and Time: Thursday, 2021 at 4.00 |
|---|---|
| place and time |
PM (IST) through Video Conferencing (VC) / Other |
| Audio Visual Means (OAVM), Mumbai. |
|
| of Recommendation Dividend |
ofRs. 20% i.e Rs. 0.40 per Equity Share 2/- each |
| Record date for Dividend |
August 30, 2021 |
| Evoting Period |
20th September, 22nd 2021 (9.00 AM) and ends on |
| September, 2021 (5.00 PM) |
|
| Cut - off date for e voting Period |
17th September, 2021 |
| Book Closure Period |
Bib 23rd Monday, September, 2021 to Thursday, |
| September, 2021 (both days inclusive) |
Kindly note that the Register ofMembers and Share Transfer Books ofthe Company will remain closed during above mentioned book closure period.
Request you to kindly make a note ofthe same and disseminate for the information of all the stakeholders.
Thanking you, Yours sincerely, F r AMINES & PLASTICIZE.Ll9.:"p,u"Ll J. President ~~~- Legal & Company S~e!aJ~ ~~ FCS No: 4288
Cc: 1. National Securities Depository Limited
-
- Central Depository Services (India) Limited
-
- Link Intime India Pvt. Ltd
CORPORATE OFFICE: '0' BUILDING, 6 TH FLOOR, SHIV SAGAR ESTATE, DR. ANNIE BESANT ROAD, WORLI, MUMBAI - 400 018. PHONE: +91-22-62211000 • FAX: +91-22-24938162 • E-MAIL: [email protected] WEBSITE: www.amines.com • CIN No.: L24229AS1973PLC001446 REGD. OFFICE: POAL ENCLAVE, C/o. PRANATI BUILDERS PVT. LTD., PRINCIPAL J.B. ROAD, CHENIKUTHI, GUWAHATI - 781 003, ASSAM.