Control Print (India) Ltd. — Interim / Quarterly Report 2019

Oct 27, 2018

October 27,2OtB

To,

The Compliance Department	Compliance Departmenr,
Bombay Stock Exchange Limited	National Stock Exchange of India Limitdd,
P. J. Towers,Dalal Street, Fort,
Mumbai - 400 001	Exchange plaza, C-1, Block G,Bdndra_Kurla
Scrip Code -522295	Complex,Bandra (E), Mumbai - 4OO 051Symbol- CONTROLPR

Dear Sir/Madam,

The Board of Directors of the company at their meeting held today i.e. october 27,2o1.gconsidered and approved the Un-audited standalonefinancial Results for the quarter and half-year ended septQmber 30, 201g.

The meeting of the Board of Directors commenced at 1.15 p,m. and concluded a .m.

In respect of this, we enclose the following:

• The Un-audited Standalone Financial Results for the quarter and half-year ended september 80, 201g. 1.
• Limited Review Report, issued by M/s. Jhawar Mantri & Associates, statutory Auditors of the company, on the Un-audited standalone Financial Results of the company for the quarter and hplf-year ended September 30, 2018. 2

ur records

Reena Shah Company Secretary & Compliance Officer

Encl: As above.

control Print Limited, c-106, Hind Saurashtra Industrial Estate, Andheri-Kurla Road, Marol Naka, Andheri (East), Mumbai 400059, India t' +91 22 28599065 / 66938900 I f. +91 2228528272 | e. ho@controtprint.com I w. www.controtpriirr.com ctN. 12221 9MH1 991 PLCO598oO

CONTROL PRINT LIMITED (ClN: 122219 lvl H 1991P1C059800)

Regd.off:C-l06,HindSaurashtralndustrialEstate,Andheri-KurlaRoad,MarolNaka,Andheri(East),Mumbai-400059 phNo:022-28599065,66938900 Website: www controlprint.com Email: companVsecretarV@controlprint.com

STATEMENTOFSTANDALONE UNAUDITEDFINANCIALRESUTTSFORQUARTERANDHATFYEARENDEDSEPTEMBER30,2Ol8

							(Rs
Sr No.	Particulars	Quarter Ended			Half Year Ended		Year Ended
		30.09.2018tl.J nudited)	30.05.2018{L.lnauditedl	30.09.2077(U nauditedl	30.09.2018(Unudited)	30.09.2017tLJnaudite.ll	31.03.2018
1	I
	operatlons	4,107.01		4,145 07	8,450.43	8,54s 32	L7,393.48
		44.43		779	54.26	32.71	43.56
		4,151.50		4,752.86	8,5L4.69	8,678.03	L7,437.04
2	Expenses
	l.Cost of Material consumed	1-,008.24		1,010.9L	2,502.38	) loo ln	5,501.09
	ll. Purchaseofstock-in-trade	220.36		782 49	379.08	370.29	725 78
	lll. Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade
		220.29		148.89	63.80	183.09	(5s6.69 )
	lV. Manufacturing & 0perating Costs	r80,72		130.98	352.09	340.54	731.88
	V. Employee benefits expense	972.59		734.57	7,777.77	I,4s2.67	3,301.17
	Vl. Finance costs	3.46		24.2s	7.95	s2.85	r30 42
	Vll. Depreciation and amortization expense	186.50		r89.71	366.72	372.75	684.62
	Vlll, Other expenses	665.05		758,96	1 ?/d qq	1,384.03	2,8L4.24
	Total Expenses	3,407.2t		3,180.76	5,804.78	5,555.32	t3,r92.Sr
3	Profit before Exceptional ltems & Tax(1 - 2)	744.29		972.L0	r,709.97	2,L22.71	4,244.53
4	Exceptional ltems	(69.71)		70.69	(131.61)	16s.39	393.31
5	Profit/Loss Before Taxation (3 - 4)	814.00		901.41	L,84r.52	L,957.32	3,85t.22
6	Tax Expense :
	l. CurrentTax	155.00		192.00	395.00	427.00	850.48
	ll. Deferred Tax	4.69		(30.111	(s8.s7)	(67.0s)	ll rq (ql
	lll.Tax Adjustments for Earlier years						(42.38)
	Total Tax Expense	169.69		161.89	337.43	359.95	688.51
7	Profit for the period from continuing operations (5 - 6)	64/3L		739.52	L,504.O9	1,597.37	3,162.77
8	Other Comprehensive Income
	A(l). ltems that will not be reclassified to profit or loss						9.98
	(ll) Income Tax relating to ltems that will not be reclassified to profit or loss						(2.13)
	B(l) ltems that will be reci;r'sified to profit or loss
	(ll) Income Tax relating to ltems that will be reclassified to profit or loss
	Total Other Comprehensive Income		I				7.85
9	Total Comprehensive Incom , for the period(7 + 8)	644.3r	I8ss.78	739.52	1,504.09	r,597.37	3,170.s5
1-0	Earnings per equity share of (Rs ) 10 each :		i
	Basic (Rs. ) *	3.95	5.16	4.72	9.2L	10.19	19.99
	Diluted (Rs ) '	3.95	Is.26	4.72	9.2r	10.19	19.99

*Not Annualised excluding Year End

STATEMENT OF ASSETS & LIABILITIES

Particulars	(Rs. in Lakhs)
	(Unaudited)	(Audited)
	Standalone
I. ASSETS	As at Sept 2018	As at Mar 2018
1. Non-current assets
(a) Property, plant and equipment
(b) Capital work in progress	7,510.40	7,687.44
(c) Goodwill	309.32	273.57
(d) Other Intangible assets
(e) Intangible assets under development	327.71	349.26
(f) Financial assets	9.50	20.00
(i) Investments
(ii) Non Current Loans	551.16	551.16
(iii) Other financial assets	24.73	25.19
	218.60	117.69
2. Current assets	8,951.42	9,024.31
(a) Inventories
	6,473.71	6,549.58
(b) Financial assets
(i) Investments	2,304.88	1,616.63
(ii) Trade receivables	4,282.68	4,236.48
(iii) Cash and cash equivalents	196.40	251.20
(iv) Bank Balances Other Than Cash And Cash Equivalents	90.30	118.17
(v) Other financial assets	1,626.38	1,409.16
(c) Other current assets	404.78	492.31
	15,379.13	14,673.53
TOTAL ASSETS	24,330.55	23,697.84
II. EQUITY AND LIABILITIES
EQUITY
(a) Equity share capital
(b) Other equity	1,633.17	1,633.17
	17,787.07	16,748.96
LIABILITIES	19,420.24	18,382.13
Non-current liabilities
(a) Provisions
(b) Deferred tax liabilities (net)	551.25	556.23
(c) Other Non current Liabilities	1,069.14	1,298.52
	93.30	97.31
2. Current liabilities	1,713.69	1,952.06
(a) Financial liabilities
(i) Borrowings
(ii) Trade payables
(iii) Other financial liabilities	1,057.03	1,203.42
(b) Other Current Liabities	1,254.87	1,173.53
(c) Provisions	329.94	282.26
(d) Other Current Tax Liabilities (Net)	472.89	585.16
	81.89	119.28
	3,196.62	3,363.65
TOTAL EQUITY AND LIABILITIES	24,330.55	23,697.84

For and On behalf of the Board of Directors Control Print Limited

Shiva Kabra

Joint Managing Director DIN 00190173

CONTROL PRINT LIMITED (ClN: 122219M H 1991pLC059SOO)

Regdr off: c-106, Hind saurashtra Industrial Estate, Andheri-Kurla Road, Marol Naka, Andheri (East), Mumbai-400 05g. Ph.No.: 022-28599065, 66938900

Ωмſ

Website: www.controlprint.com Email: compa nysecreta ry@controlprint.com Notes:

• 1The above financial results for the quarter & half year ended 30th september 201g were reviewed by the Audit committee, approved by the Eoard of Directors at its meeting held on october 27,2ot8and have been subjected to a ,,Limited Review .. by the statutory Auditors.
• 2The statement have been prepared in accordance with the companies (lndian Accounting standard) Rules, 2015 (lnd As) prescribed under section 133 ofthe companies Act, 2013 and other recognised accounting practices and policies to tne extent appilcable.
• 3The company has single reportable segment namely coding & Marking Applications for the purpose of Ind AS on segment reporting.
• out of total Exceptional items of Rs. 69.71 Lakhs (credit) for the quarter and Rs. 131.61 Lakhs (credit) for the half year ended 30th september, 2018 includes an amount of Rs. 58.68 Lakhs (credit) for the quarter and Rs 120.5g Lakhs (credit) for the half year ended 30th september, 2018 towards change in fair value of investments including profit / loss on sale of shares / units in mutual funds, routed through Profit & Loss Account.
• consequent to the introduction of GST with effect from July 01, 2017, Excise duty, Value added tax (VAT), central sales tax (csr), service tax etc' have been replaced with GST. In accordance with Indian Accountingstandards on revenue recognition and schedule lllof the companies Act 2013, GST is not included in revenue from operations with effect from July 01, 20!7.lnview of the aforesaid restructuring of Indirect taxes, revenue from operation for the quarter and half year ended 30th september 201g has been shown net of GST and for the quarter and half year ended 30tfuSeptember 2017 is net of indirect taxes.
• The Company has adopted Ind AS 115 " Revenue from contracts with customers" with effect from April 1, 201g by applying the modified retrospectiveapproach.Accordingly,therevr..:renosignificantadjustmentsrequiredtotheretainedearningsatAprir oI,2olg.Alsothe application of Ind AS 115 did not have any significant impact on recognition and measurement of revenue and related items in the financial results.
• Previous period/year's figure have been regrouped and/or rearranged whenever considered necessary to confirm to current period/year,s classification.

Place: Mumbai Date: October 27,2078

For and on behalf of Board of Directors

Joint Managing Director DIN:00190173

IHAWAR MANTRI & ASSOCIATES CHARTERED ACCOUNTANTS

217, Great Eastern Galleria, Plot No. 20, Sector 4, Nerul, Navi Mumbai, Maharashtra - 400 706.

Tel. 022-27721467 $Tele$ fax : 022-27721557 email : advisor@jhawarmantri.com Website: jhawarmantri.com

INDEPENDENT AUDITOR'S REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS

To The Board of Directors, Control Print Limited

We have reviewed the accompanying statement of unaudited standalone financial results ("the Statement") of Control Print Limited ("the Company") for the quarter and half year ended 30th September 2018, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as modified by Circular No. CIR/CFD/FAC/62/2016 dated 5th July 2016.

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 Standard 34 "Interim Financial Reporting" as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review.

We conducted our review in accordance with the Standards on Review Engagement (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 results 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.

Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with the applicable Indian Accounting Standards and other accounting practices and 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 $5^{\text{th}}$ July 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Jhawar Mantri & Associates Chartered Accountants Firm Registration No.: 113221W

NJhavier

Naresh Jhawar Partner Membership No: 045145 Mumbai, October 27, 2018