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Kilburn Engineering Ltd Interim / Quarterly Report 2021
61063_rns_2021-08-12_030ddf87-6f7a-4a76-9fb4-3d4641c22bc1.pdf
Interim / Quarterly Report
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KILBURN ENGINEERING LTD.
PLOT NO. 6. MIDC-SARAVALI, KALYAN BHIWANDI ROAD, TALUKA BHIWANDI, DIST. THANE - 421 311, MAHARASHTRA, INDIA Tel: (Board No.) +91 2522 663800 / 283000 Fax: +91 2522 281026 / 280166 Email: [email protected] Website: www.kilburnengg.com
12th August, 2021
To The Corporate Relationship Department BSE Limited P.J. Tower Dalal Street, Fort Mumbai - 400 001 Scrip Code: BSE 522101
To, The Secretary The Calcutta Stock Exchange Ltd., 7, Lyons Range, Kolkata - 700 001
Scrip Code: CSE 21022
Sub: Outcome of the Board Meeting held on 12.08.2021
Dear Sir / Madam,
This is to inform you that as per regulation 30, 33 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the company have at their meeting held on 12th August, 2021, inter-alia :
- Approved Unaudited Financial Results for the quarter ended 30th June, 2021. The $1.$ results are enclosed herewith, alongwith the Limited Review Report. An extract of the same will be published in newspapers.
- $2.$ Approved Directors' Report for F.Y. 2020 - 21 alongwith notice of 33 $^{rd}$ Annual General Meeting, which will be sent to the members, shortly
You are requested to take above on record.
Thanking you,
Yours faithfully, For Kilburn Engineering Limited
Arvind Bajoria Company Secretary
Encl: a/a
AN ISO-9001 : 2000 CERTIFIED COMPANY
REGD. OFFICE : FOUR MANGOE LANE, SURENDRA MOHAN GHOSH SARANI, KOLKATA - 700 001, INDIA.
CIN: L24232WB1987PLC042956
A Williamson Magor Group Enterprise
KILBURN ENGINEERING LIMITED
Registered Office : Four Mangoe Lane, Surendra Mohan Ghosh Sarani, Kolkata - 700 001
CIN: L24232WB1987PLC042956, Tel No: 033 22313337, Fax No: 033-22314768, Website: www.kilburnengg.com STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2021
| ₹ in Lakhs | |||||
|---|---|---|---|---|---|
| Sr. no. |
PARTICULARS | QUARTER ENDED (UNAUDITED) |
QUARTER ENDED (AUDITED) |
QUARTER ENDED (UNAUDITED) |
YEAR ENDED (AUDITED) |
| 30.06.2021 | 31.03.2021 | 30.06.2020 | 31.03.2021 | ||
| 1 | Income | ||||
| a. Revenue from Operations | 1,892 | 3,566 | 1,069 | 8,841 | |
| b. Other Income | 49 | 101 | 294 | 949 | |
| Total Income | 1,941 | 3,667 | 1,363 | 9,790 | |
| 2 | Expenses | ||||
| a. Cost of Materials Consumed | 727 | 1,611 | 349 | 4,280 | |
| b. Subcontracting Charges | 209 | 375 | 77 | 831 | |
| c. Changes in Inventories of Finished Goods and Work in | |||||
| Progress | 55 | 109 | (64) | 47 | |
| d. Employee Benefits Expense | 370 | 391 | 388 | 1,561 | |
| e. Finance Costs | 227 | 142 | 333 | 1,133 | |
| f. Depreciation and Amortisation Expenses | 67 | 101 | 100 | 402 | |
| g. Other Expenses | 350 | 564 | 208 | 1,428 | |
| Total Expenses | 2,005 | 3,293 | 1,391 | 9,682 | |
| 3 | Profit / (Loss) before Exceptional Loss and Tax (1-2) | (64) | 374 | (28) | 108 |
| 4 | Exceptional Loss | - | 12,689 | - | 12,689 |
| 5 | Profit / (Loss) before Tax (3-4) | (64) | (12,315) | (28) | (12,581) |
| 6 | Tax Expense | ||||
| i) Current Tax | - | - | - | - | |
| ii) Deferred Tax | 3 | (3,439) | (3) | (3,411) | |
| Total Tax Expenses | 3 | (3,439) | (3) | (3,411) | |
| 7 | Net Profit / (Loss) for the Period/ Year (5-6) | (67) | (8,876) | (25) | (9,170) |
| 8 | Other Comprehensive Income / (Loss) | ||||
| a. | Items that will not be reclassified to Profit or Loss | 127 | 177 | 120 | 650 |
| b. | Items that will be reclassified to Profit or Loss | - | - | - | - |
| Other Comprehensive Income / (Loss), net of tax | 127 | 177 | 120 | 650 | |
| 9 | Total Comprehensive Income / (Loss) for the Period/Year (7+8) | 60 | (8,699) | 95 | (8,520) |
| 10 | Paid-up Equity Share Capital (Face Value ₹ 10 each) | 2,821 | 2,821 | 1,326 | 2,821 |
| 11 | Reserves excluding Revaluation Reserve | 1,952 | |||
| 12 | Earnings Per Share (EPS) (in ₹) (not annualised for the quarters) | ||||
| Basic and Diluted EPS (in ₹) | (0.24) | (66.55) | (0.19) | (68.75) |
Also refer accompanying notes to the Financial Results.
TARUN GANESHI LAL JAIN Digitally signed by TARUN GANESHI LAL JAIN Date: 2021.08.12 14:10:35 +05'30'
SUBIR CHAKI Digitally signed by SUBIR CHAKI Date: 2021.08.12 13:49:12 +05'30'
NOTES:
- 1 The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at its meeting held on 12th August, 2021.
- 2 The Company has recognised deferred tax assets amounting to Rs. 3,424 Lakhs as on 30th June, 2021 (Rs. 3,427 Lakhs as on 31st March, 2021). The management believes that there will be adequate future taxable profits available against which the deferred tax assets can be utilised.
- 3 The Company has taken into account all the possible impacts of COVID-19 in preparation for these financial results. The Company has evaluated its liquidity position, recoverability and carrying value of its Non-current and Current assets and has concluded that no material adjustments are required currently at this stage. The Company will continue to monitor future economic conditions and their consequent impact on the business operations, given the uncertain nature of the pandemic.
- 4 The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the Company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on 13th November, 2020 and has invited suggestions from the stakeholders which are under active consideration by the Ministry. The Company will assess the impact, once the subject rules are notified and will give appropriate impact in its financial results in the period in which, the Code become effective.
- 5 In line with the provisions of Ind AS 108 - Operating Segments, Chief Operating Decision Maker (CODM) reviews the operations of the Company as the manufacturer of Engineering Products, which is considered to be the only reportable segment by the management. Accordingly, no separate disclosure of segment information has been made.
- 6 The Company's operations and its results vary from period to period, depending on the delivery schedule of the customers.
- 7 The figures for the quarter ended 31st March, 2021 are the balancing figures between audited figures in respect of full financial year ended March 31, 2021 and the published year-to-date figures upto the 3rd quarter of that financial year.
- 8 Previous period figures have been regrouped / rearranged wherever necessary, to correspond with those of the current period classification.
By Order of the Board Subir Chaki Date : 12 August 2021 Managing Director Place : Kolkata (DIN 05174555) SUBIR CHAKI Digitally signed by SUBIR CHAKI Date: 2021.08.12 13:50:02 +05'30' TARUN GANESHI LAL JAIN Digitally signed by TARUN GANESHI LAL JAIN Date: 2021.08.12 14:12:04 +05'30'
V. SINGHI & ASSOCIATES Chartered Accountants 61, 6th Floor, Sakhar Bhavan 230, Nariman Point, Mumbai 400 021 Phone: +91 22 6250 1800 E-Mail: [email protected]
INDEPENDENT AUDITOR'S REVIEW REPORT ON THE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th June, 2021
Review Report to The Board of Directors Kilburn Engineering Limited Four Mangoe Lane Surendra Mohan Ghosh Sarani Kolkata - 700001
-
- We have reviewed the accompanying Statement of Unaudited Financial Results of Kilburn Engineering Limited (the "Company") for the quarter ended 30th June, 2021 (the "Statement").
-
- This Statement, which is the responsibility of the Company's management and approved by the Board of Directors, has been prepared in accordance with 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, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement 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 Statement is free of material misstatement. A review is limited primarily to inquiries of the 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.
Bengaluru | Delhi | Guwahati | Hyderabad | Jaipur | Kolkata | Mumbai
4. Emphasis of Matter
Management's assessment of impact of COVID-19
We draw attention to Note 3 of the Statement which describes the management's assessment of impact of COVID-19, a global pandemic, on the financial position/matters of the Company.
Our conclusion is not modified in respect of the above matter.
5. Conclusion
Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the aforesaid Indian Accounting Standards and other recognised accounting practices and policies and has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
For V. Singhi & Associates Chartered Accountants Firm Registration No.: 311017E
TARUN GANESHI LAL JAIN Digitally signed by TARUN GANESHI LAL JAIN Date: 2021.08.12 14:22:11 +05'30'
(TARUN JAIN) Place: Kolkata Partner Date: 12th August, 2021 Membership No.: 130109 UDIN: 21130109AAAAEN7959