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Monotype India Ltd. Interim / Quarterly Report 2019
64005_rns_2019-11-14_e3a59bfe-20eb-491c-b908-ea81721786e6.pdf
Interim / Quarterly Report
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aa MONOTYPE INDIA LIMITED
| aa Monotype india Limited Date: 14"° November, 2019 |
MONOTYPE | LIMITED INDIA |
|---|---|---|
| To, The Manager (Listing), P.J. Towers, Dalal Street, Mumbai — 400 001 Scrip code: 505343 |
To, The Manager (Listing), Scrip code: 023557 |
To, The Manager (Listing), Bombay Stock Exchange Limited, Calcutta Stock Exchange Limited, Metropolitan Stock Exchange of India Limited, 7, Lyons Range, Kolkata — 700 001 Vibgyor Towers, 4"" floor, Plot No C 62, G-Block, Opp. Trident Hotel, Bandra Kurla Complex, Bandra(E.), Mumbai — 400098 Scrip code: MONOT |
Dear Sir,
Ref.: Regulation 30 & 33 of SEBI (LODR) Regulations, 2015
Sub.: Outcome of Board Meeting held on 14" November, 2019
This is to inform that the Board of Directors of the Company at its meeting held on 14" November, 2019 has inter-alia approved the Un-audited Financial Results of the Company for the quarter and half year ended 30" September, 2019.
Accordingly, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the following:
-
- Un-audited Financial Results of the Company for the quarter and half year ended 30" September, 2019;
-
- Limited Review Report from our Statutory Auditors on the Un-audited Financial Results for the quarter and half year ended 30" September, 2019;
Further, the aforesaid Board Meeting commenced at 04:00 p.m. and concluded at 04:40 p.m.
This is for your information and record.
Thanking You.
Encl.: As stated above
(CIN: L72900MH1974PLC287552) Regd. Office: 2, First Floor, Rahimtoola House, 7 Homi Street, RBI Hornimal Circle, Mumbai — 400 001 E-mail id: [email protected]; Web: www.monotypeindia.in; Tel.: 022-40068190/91
MONOTYPE INDIA LIMITED
(CIN: L72900MH1974PLC287552)
Regd. Office: 2, First Floor, Rahimtoola House, 7 Homji Street, RBI Hornimal Circle, Mumbai - 400001
Phone No.: 022-40068190; Email-id: [email protected]; Website: www.monotypeindia.in
STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE 2nd QUARTER & HALF YEAR ENDED ON SEPTEMBER 30, 2019
(Rs. in Lakhs excent FPS)
| Quarter ended | I.m. III ravits evecht ELOI Half Year Ended |
|||||
|---|---|---|---|---|---|---|
| Particulars | 30.09.2019 | 30.06.2019 | 30.09.2018 | 30.09.2019 | 30.09.2018 | Year Ended 31.03.2019 |
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | |
| I. Income | ||||||
| Revenue from Operations | 119.78 | 34.91 | 339.50 | 154.69 | 2,634.18 | 3,167.12 |
| Other Income | 1.52 | 1.50 | 3.22 | 3.02 | 5.33 | |
| Total Income | 121.29 | 36.41 | 342.72 | 157.70 | 2,639.51 | (90.27) |
| II. Expenses | 3,076.85 | |||||
| Cost of Materials Consumed | $\sim$ | |||||
| Purchase of stock in trade | 24.36 | 21.11 | 308.87 | 45.47 | 3,298.51 | 3,425.07 |
| Changes in Inventories of Finished Goods, Work-in- Progress and Stock- in-Trade |
161.10 | 463.41 | 472.85 | 624.51 | 278.21 | 1,322.56 |
| Employee Benefits Expense Finance costs |
2.47 | 4.76 | 11.29 | 7.23 | 23.33 | 45.32 |
| 44.23 | 43.49 | (76.73) | 87.72 | 38.11 | 188.06 | |
| Depreciation, Amortisation and Depletion Expenses Trading in Derivative-Loss |
1.04 | 1.04 | 1.58 | 2.08 | 3.15 | 6.31 |
| Other Expenses | 48.45 | 89.86 | 92.02 | |||
| Total Expenses | 17.29 | 10.54 | 6.12 | 27.83 | 16.29 | 34.48 |
| 250.50 | 544.36 | 772.44 | 794.86 | 3,747.47 | 5,113.82 | |
| III. Profit / (Loss) before exceptional items and tax | (129.21) | (507.94) | (429.72) | (637.15) | (1, 107.96) | |
| IV. Exceptional item | (2,036.97) | |||||
| $\blacksquare$ | $\;$ | $\sim$ | $\qquad \qquad \blacksquare$ | |||
| V. Profit befor Tax | ||||||
| (129.21) | (507.94) | (429.72) | (637.15) | (1, 107.96) | (2,036.97) | |
| VI. Tax Expense | ||||||
| - Current Tax | ||||||
| - Short / (Excess) provision of Previous Year | $\frac{1}{2} \sum_{i=1}^n \frac{1}{2} \left( \frac{1}{2} \sum_{i=1}^n \frac{1}{2} \right) \left( \frac{1}{2} \sum_{i=1}^n \frac{1}{2} \right) \left( \frac{1}{2} \sum_{i=1}^n \frac{1}{2} \right) \left( \frac{1}{2} \sum_{i=1}^n \frac{1}{2} \right) \left( \frac{1}{2} \sum_{i=1}^n \frac{1}{2} \right) \left( \frac{1}{2} \sum_{i=1}^n \frac{1}{2} \right) \left( \frac{1}{2} \sum_{i=1}^n \frac{1$ | $\sim$ | $\sim$ | |||
| - Deferred Tax | ۰ | $\blacksquare$ | ۰ | |||
| VII. Profit for the Period | ٠ | |||||
| (129.21) | (507.94) | (429.72) | (637.15) | (1, 107.96) | (2,036.97) | |
| Other comprehensive income (after tax) | $\frac{1}{2}$ | $\qquad \qquad \blacksquare$ | $\frac{1}{2}$ | |||
| $\sim$ | $\bullet$ | |||||
| Total Comprehensive Income for the Period | (129.21) | (507.94) | (429.72) | (637.15) | (1, 107.96) | (2,036.97) |
| Paid up Equity Share Capital (Face Value Rs. 1/- Each) | 7,031.22 | 7,031.22 | 7,031.22 | |||
| Other Equity | 7,031.22 | 7,031.22 | 7,031.22 | |||
| Earnings per Equity Share (Face Value Rs. 1/-) (Not annualised) | ||||||
| (a) Basic | (0.02) | (0.07) | (0.06) | (0.09) | ||
| (b) Diluted | (0.02) | (0.07) | (0.06) | (0.09) | (0.16) (0.16) |
(0.29) (0.29) |
Notes
×
- 1 This statement has been prepared in accordance with The Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of The Companies Act, 2013 read with Companies (Indian Accounting Standards) (Amendment) Rules, 2018.
- 2 The above financial results were reviewed and recommended by the Audit committee and approved by the Board of Directors of the Company at their respective meeting held on 14th November, 2019.
- 3 The Statutory Auditors or the Company have carried out a Limited Review of the results for the 2nd Quarter & half year ended 30.09.2019 and have expressed and unqualified opinion on the
- 4 The Company has only one operating segment as per Ind AS 108, hence Segment Results and Segment Information has not been submitted seperately.
- 5 The negative finance cost for quarter ended september 30, 2018 is due to write-back of interest provision provided in the earlier periods.
- 6 Previous period figures have been restated or regrouped or rearranged wherever necessary, to make them comparable.
Place: Mumbai Date: 14th November, 2019
(Naresh Jain) ∞ Whole Time Director & CFO DIN: 00291963
MONOTYPE INDIA LIMITED
(CIN: L72900MH1974PLC287552)
Regd. Office: 2, First Floor, Rahimtoola House, 7 Homji Street, RBI Hornimal Circle, Mumbai -
400001
Phone No.: 022-40068190; Email-id: [email protected];
$\mathcal{L}^{\mathcal{M}}$
$\sim 10^{-1}$
and the control
www.monotypeindia.in
Website:
STATEMENT OF ASSETS AND LIABILITIES
| (Rs. in Lakhs) | ||
|---|---|---|
| 31-03-2019 | ||
| 10.91 | 12.99 | |
| $\sim$ | ||
| ٠ | $\sim$ | |
| 606.65 | 606.65 | |
| 617.56 | 619.64 | |
| 2,149.57 | 2,774.08 | |
| 10.98 | 7.68 | |
| 6.36 | 6.71 | |
| 47.77 | 75.12 | |
| 778.20 | 775.08 | |
| 2,992.88 | 3,638.67 | |
| 3,610.44 | 4,258.31 | |
| 7,031.22 | 7,031.22 | |
| (9,821.21) | (9, 184.06) | |
| (2,789.99) | (2, 152.84) | |
| 5,153.50 | 5,231.74 | |
| 23.81 | 23.81 | |
| 5,177.31 | 5,255.55 | |
| $\blacksquare$ | $\overline{\phantom{a}}$ | |
| $\overline{\phantom{m}}$ | $\rightarrow$ | |
| 948.95 | 949.41 | |
| 1.91 | 9.32 | |
| 6.34 | 6.34 | |
| iv Current Tax Liabilities (Net) | 265.94 | 190.54 |
| Total Current Liabilities | 1,223.12 | Ħ, |
| Total Liabilities TOTAL EQUITY AND LIABILITIES |
6,400.44 | 1,155.60 6,411.15 |
| Particulars ASSETS 1 Non-current assets a Property, Plant and Equipment b Financial Assets Deferred Tax Assets (net) C d Other Non Current assets Total Non-current assets 2 Current assets Inventories a Financial Assets b Trade receivables Cash and cash equivalents Loans Ш Other current assets Total Current assets Total Assets EQUITY AND LIABILITIES 1 Equity a Equity Share capital b Other Equity Total Equity 2 LIABILITIES a Non-current Liabilities Financial Liabilities Borrowings Deferred Tax Liabilities (net) Other Non-Current Liabilities Total Non-current Liabilities Current liabilities b Financial Liabilities Borrowings Trade payables Other Financial Liabilities ij Provisions iii Other current liabilities |
30-09-2019 |
For MONOTYPE INDIA LIA
Place: Mumbai Date: 14th November, 2019
Mumbai z (Naresh Jain) Whole Time Director & CEQ DIN: 00291963
MONOTYPE INDIA LIMITED (CIN: L72900MH1974PLC287552)
Regd. Office: 2, First Floor, Rahimtoola House, 7 Homji Street, RBI Hornimal Circle, Mumbai - 400001 Phone No.: 022-40068190; Email-id: [email protected]; Website: www.monotypeindia.in
Cash Flow Statement
| (Rs. in Lakhs) | ||||
|---|---|---|---|---|
| Particulars | Note No | Half Year Ended 30.09.2019 |
Half Year Ended 30.09.2018 |
|
| Cash flows from Operating Activities | ||||
| Net Profit before Tax | (637.15) | (1, 107.96) | ||
| Adjusted For: | ||||
| Depreciation and Amortization | 2.08 | 3.15 | ||
| Interest Income | (2.42) | (3.28) | ||
| Dividend Income | (1.45) | |||
| Finance costs | 87.72 | 38.11 | ||
| Operating profit / (Loss) before working capital changes | (549.76) | (1,071.43) | ||
| Changes in Working Capital: | ||||
| (Increase)/Decrease in Trade Receivables | (3.30) | 832.30 | ||
| (Increase)/Decrease in Inventories | 624.51 | 278.21 | ||
| (Increase)/Decrease in Other Assets | (3.12) | (0.84) | ||
| Increase/(Decrease) in Other Non Current Assets | ||||
| Increase/(Decrease) in Trade Payables | (0.46) | 282.56 | ||
| Increase/(Decrease) in Other Financial liablities | (7.41) | (453.43) | ||
| Increase/(Decrease) in Other current liabilities | 75.40 | (148.29) | ||
| Cash Generated from /(used in) Operation | 135.84 | (280.92) | ||
| Tax paid (net of refunds) | ||||
| Net cash flow from operating activities | Α | 135.84 | (280.92) | |
| Cash flows from Investing Activities | ||||
| Interest received | 2.42 | 3.28 | ||
| Dividend Income | 1.45 | |||
| Loans Given | 27.35 | 92.66 | ||
| Net cash flow from / (used in) investing activities | B | 29.77 | 97.39 | |
| Cash flows from Financing Activities | ||||
| Net increase / (decrease) in working capital borrowings | ||||
| Proceeds from other short-term borrowings | 222.80 | |||
| Repayment of other short-term borrowings | (78.24) | |||
| Finance cost | (87.72) | (38.11) | ||
| Net cash flow from / (used in) Financing activities | (C) $(A+B+C)$ |
(165.96) | 184.69 | |
| Cash and cash equivalents as at the beginning of the year | (0.35) 6.71 |
1.16 | ||
| Cash and cash equivalents as at the end of the year | 6.36 | 5.55 6.71 |
For MONOTYPE INDIA LIMITED (Mumbai) (Naresh Jain) Whole Time Director & CFO DIN: 00291963
Place: Mumbai Date: 14th November, 2019
MOTILA ASSOCIATES JARTERED ACCOUNTANTS
CA Rishabh Jain Partner B.Com, A.C.A
[email protected] C +91 98923 25775
INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM FINANCIAL RESULTS
To
The Board of Directors. Monotype India Limited.
-
- We have reviewed the accompanying Statement of Unaudited Financial Results of Monotype India Limited ("the Company") for the period ended September 30, 2019 ("the Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, as amended, read with CIR/CFD/CMD1/44/2019 dated 29th March 2019 ("the Circular No. 'Circular").
-
- This Statement which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind-AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on these financial statements based on our review.
-
- 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 provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
- 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 Indian Accounting Standards ('Ind AS'), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules there under 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, as amended, read with the Circular, including the manner in which it is to be disclosed, or that it contains any material misstatement.
For Motilal & Associates Chartered Accountants FRN: 106584W
Rishabh M Jain Partner Mem. No.: 179547
Place: Mumbai Date: 14/11/2019
UDIN: 19179547AAAAAAY2967
