1. No category

AUTOALINE
AUTOLINE INDUSTRIES tTD.
Regd. Office:Survey Nos.313i314 Nanekarwad Chakan, Ta : Khed. D si - PLrne 410501. NDA
8:+9T 2T35 664865r 6 Fax +91 2'135 664864
Websile $/Wautolineind.com
ctN-t34300ptli 9t6pLf
1045'10
A
IW
Date: February 3,2015
To,
\
The Bombay Stock Ex6hange Limited,
Phiroze Jeejeebhoy T
Exchange Plaza, 5tr'floor, plot No. C/l,
G Block, Bandra
Kurla Complex, Bandra
(East), Murnbai - 40005i
,100
General M,
Corpornte
near Si\
National Stock Exchange of ilndia,
s,
Dalal Street,
Mumbai
To,
r, Listing
tions Departmert
/
Vice President, Listing
Corporate Relations Department
SUB: OUTCOME oF BOARD MEETING
The Board of Dir.ectors at its meeting held on Febmary 3, 2015
ha.r,e considered and
approved inter alia, the Unaudited Financial Results for the quarter
and Nine months ended
December 31, 2014 (Financial Resulls along with notes tfr"r"to
unJ fi_il"O review repofi
are enclosed)
You are requested to take the same on record.
Thanking you,
Yours faithfully,
For Autoline Industries Limited
(R. T. Goel)
ChiefFinancial Officer
:
FF
6i9
H
;.1 ;.J E :
;r.EiE
H!
ETH
X'
.ii
d iid
i 3E -E -€g
--
=a ae
iA ai -^
R! :Ee 3 -q
e{ s
'-3 i
+s
EE
{eE
3el ;
C:
-J
f1.
E;.i
s*;:
u
(1-
i
r
$E3
6C
I
3d !59
I E3 '3 a
g
s
6::H
EE
g
g N ^ -^ CEE.g
; ; d
oE
:6
€:!,s
:is:n
!E!
:a!
;t!
;
5
N-
N
o
e
$
a
sE5Ef;.AEF-E
sdB
N- . I
o? a^q
3s- I 3:3
5 F ^
g:i
;
<;;
!p
U;2
a" x
-
r
@@ 6Ne
*
-5 Rx- i x
6 0e
3-
lEc
IF:
l{E
l3
;:
E
a 6--
A {i3-
E
g
!:
i
-
;1
b;
i i El
z ! ;3
?!
iE
;
I E re! s! * l
.0E5
Ei; FE']n
€
pF
t-"
il
on
oE io r E:
i!!
EE
t
"€i
E; E; E: ' 5s
Er;-:;
i€ iE,
iE-!i uri:
i;a; Ef* r;6€iE i i5
;EfrE
r=F:,3
iIE!l;:q,AEH?"'
E:6!sjdSg;34 E i
u
!04P6!.:!$aaa
p
E
eEgi!E€i;Ei:
F:PFigFt!s!*
€€5E:
::E :
:E5
3F
sE 6
98
R
3.8
3
P|r
9
a
!;ie
4
i:: i
3 Eee
7!
-f
€A
8s :
o
l--
*a i
5
ul
t
ea aE g *x x
gr $5 ' :G :
E
Pd
3;
3q
ts4
3.9
g,i
E
6:
d FE
e€
g! cd
I: ' :s s
a
!i[:E
S
i 3! -:
bd f
E$
5g
;3:
e!:
f,:
.
e$
8R .
hd
gR
$
e
33
Ee
n
i
g
;r ie
!5 Fg
e!
P!
E9 :9
P
5ts66
o!i5
aP!E
I
PE6iF
;
li
t:
:5
* :,qi * .; :
t- €;e 9 * r I
*
El-B
I
ilE
3
Elt
:iEgEgEfFF :;pEF
i;;FFT:FE.;:J.EF!
o
F
E]
I
I
: :IE
etN-t114?ttPitf $FpLc,lc451
t)
Notes:
1.
The above unaudjted financial Results for the euarter and Nine months ended
December 31, 2014 have been reviewed by the Audit Committee and approved
by
the Board of Directors at thei. meeting held on February 3, 2015.
2.
The Statutory Auditors of the Company have carried out the Limited Review
of the
above results.
3.
The Corrptny operates through two business segments namely, a) press Sheet
Process and b) Design Engineering Services & Software Development.
However
Design Engineering Services & Software Development is not a reportable
segment in
terms ofthe criteria laid down in paragraph 27 of the Accountjng Standard _17 as the
revenue/results/assets of this segment are not more than the threshold limit of 10
of the total segment revenue/result/assets.
4.
%
As per Accounting Standard-21 (Consolidated Financial Results) issued by the
lnstitute of Chartered Accountants of lndia, the Consolidated Financial Results
are
based on the un-reviewed Financial Results of subsidiaries. The Financial
Results of
the Foreign Subsidiaries have been prepared as per GAAP, followed in the country
of
their incorporation. The Financial
of Autoline lndustries USA, lnc., Autoline
Stampings Limited, South Korea (Subsidiary of Autoline lndustries USA, lnc.)
have
been consolidated only upto the period ended on 3Oth September, 2014.
The results
in respect of period after 1't October, 2014 are not considered, since the
Company
has lost control over the subsidiary consequent to sale of 1OO% stake
therein. The
Financial Results of Autoline lndustrial parks Limited has been consolidated
ds per
Results
provisions of Companies Act, 2013 and as per Accounting Standard _21 (Consolidated
Financial Results) jssued by the lnstitute of Chartered Accountants of
lndia to the
extenl of 43.18a/o. Autoline lndustrial parks Limited continues to remain subsidiarv
within the meaning of Section 2 (87) of the Companjes Act, 20j.3.
5.
The Company has revised depreciation rates on fixed assets accordinglV
to the useful
life as specified in the Schedule to the Companies Act, 2013. Had there not
been
change in depreciation rates, the depreciation would have been lower
bV < 42.12
Lacs and by { 149.15 Lacs for the quarter and Nine months ended
December 31,
2014 respe(rively.
6. The investment includes investment in SZ Des;gn, Srl and
Zagato S.r.l, ltaly through
Wholly Owned Subsidiary Koderat Investments Ltd., Cyprus. SZ Design S.r.l. was
declared bankrupt on January 2, 2015 by Tribunal of Milan and judiciary-receiver
has
been appointed. The impact thereof is yet to be ascertained. The Company
will take
suitable action thereafter.'
6tffi
:,",,\7.2',,)i
"\&{?t
7.
During the quarter, the Company has executed Stock purchase Agreement with Cl
Holdings North America, LLC for total Consideration of S 7.237 Million for sale of
100% stake in Autoline lndustries USA, lnc., Wholly Owned subsidiary and all its
subsidiaries viz- Autoline Stampings Limited, South Korea, Autoline lndustries
(Shanghai) Co. Ltd., China, Autoline lndustries GmbH, Germany and members'
interesi in Autoline lndustries lndiana, LLC, USA. for which Letter of lnrent was
executed on Septern b e. 72, 2074
8.
L
The lndustrial Promotion Subsidy from Government of Maharashtra is accounted at
the end ofyear when the clajm is lodged.
The income tax and deferred tax, if any, will be accounted at the end of the financial
year 2014-15.
10. The key Standalone Financial Results are given below:
ln
akhs
131t1212014)
Net Sales/
lncome from
oDerations
Proflt before
Net P.ofit after
tax
Extraordinary
Items
Net Profit for
the period
9311
9306
9081
27664
31095
39691
(1849)
1741\
1478\
(5302)
(33e6)
G427\
r1849)
1741
1478\
15302)
{3386)
14450)
341
1
(10701
1070)
1891)
(4456\
(5520)
3411
'1561
(1741\
147A)
for the corresponding previous periods have been restated
wherever necessary, to make them comparable.
11. The figures
12. The Results can
/
regrouped,
be viewed on ihe Company,s Website: www.autolineind.com
BSE Website: www.bseindia.com or NSE website: www.nseindia.com.
By Order of the Board
UTOLINE INDUSTRIES LIMITED
tr',/L
(ShivajiAkhade)
(um
Managing Director
Executive Director and CEO
Place: Pune
Date: Febiuary 3, 2015
$2f,"u"n1
_
or
c
R
'I
ER ED
aco U N
1s
H. O.: Anand Aparrment, 80/2, Shivajjnasar, pune _ 411005.
T€1. Fax: 9l-020 -302818,{?, ph.r 255i5600,302818,{5
/ 16.
E-nril: admi @arsutakh€.c0m wwwarsandc0.con
Brrnrhec : \lumUii (\r.hit Beng,turu hothanur ahmedrh!d
I
llrd$.hr.i
LIMITED REVIEW REPORT
The Board ofDireciors.
Autoline Industries Lnnited,
S.Nos.l l3/314,320 ro 323, Nanekarwadi,
Chaka\ Tal-Khed. Disrpune 410501
l
thi accompanying statement of unau.lired standalone unancial resutrs of Autoline Indusrries
Limited (ihe "conpanv"), for rhe quader and nine nonrhs ended 3rs,D*".u"i
zoii *ii"r, *";ncrxded in rhe
'unaudired siardalone sratemenr offinancial resurts for the quarrer and nine m"rtr.,
*i"a :r" n*".rr". ioii;
(ihe "statemenr') , excepr for the discrosures regardins'pubic sharerolding'
uoJ;r.o-o,. c.orp sr,u..rroiaing,
which have been traced ftom discrosu.es
tv *"
*a i,uu"
We have.reviewed
n"itr*. l,"* *""*.a
t..,
^, *i r,
ci""r" ai-"i tr'," rit,i"g
ttre Stock Exchanges ir tndia. This Sratemenr is the responsititty
tfr. C"-f-1,;, Vo"ug"."o,"g*.'n".,
_o lru, t".o
appJoved bv rhe Board ofDirecrors. our responsibitiq, ;i to issue i report
"i on this rinancial
s;arement based on ou
axdired
2.
bvxs -rhe sraremenr has been
'n"aebvihe cornpanipursuant
'"-oger"*r io
prepare<t
we conduct our review in accordance with the srandard oD Revie'v Engagemenr (sRE)
24r0. ..Review of Interin
Financirl lniormarion pertormcd b) the tndepcndenr Audftor ofthe En;ti,, isru.a
ty tr," rnrirut" oiCrron"_a
Arcounmn'' ,,r rndra r hrs starldard reqrires rhat rve pran and perform rhe reriew
to obtain nroderare lssunnce as ro
whether the financial statements are free ofmakrial mr:raremert. A r
iew i: tnnrte,t prim,,iiy ro rnquiries of
c,onrpanv perconnel and anal'tical procedures apf ied ro iindncrol Llarr rnd rnus
pro\ rde less assurance rhan an audir.
We have not peformed an audir and, accordingly. we do not express an audit
opinion.
Based on ou.'revie$ conducied as abovej nothing has conre ro our attenlion
rhal causes us ro berieve that the
Statement ofunaudited financial results has nortreen prepared in
jnarerial respecrs jr accorJance widr appticabte
Accounting Standards norified pursrant to the Companres
jOOr.
SEnd"at
a
n t*
*
companiesA*.2013rcadwitlrRuleTofthecomp res ( Accounts)'nL,res,:o r + ana orrrei.ec.ogr S* r:: "f
zed accounting
practices andpolicies generally accepred in lndi! hr\ not dicctosed
the ntorln",ioor.q,t,.a,ou" djsctosed ln tems
ofclause41 of the Listiug agreenent incruding he m ner in whic h it is to be dir.r""la,
.i"i ,t *""ir, -"
ma_cri.rlnknalement".
tAccounting
r
FORA.IT.SULAKHE & CO
ACCOI]NT
FIR]!I
T{-4.
DEO
FRN '
11054tiw
PARTNER
MEMBf,RSIIIP NIIMBF,
PLACE: PUNE
DArE: Fe
b:
\r ol"y
og r t.o 15
p.l.
c
cco
T
N
TAN
I
Il..O-: 4 nand Atarrmenr. 80,2. \hitajindCar, punc _ d
r€r. rr\:q1-rr20-3028t84-. ph.r 2SSJ5o00, jnZSt8a5
40.
r-mail: ddmin a ar.utat he.c0m x $s arrrndcu.rum
l)
tsranche, :
T
\lunbai \a,hi(.
Bengjturu I
lHlderibrJ
00s.
holhrnur \hmedj[xd
LIMITED REVIEW REPORT
The Board ofDirectors
Autoline tndrsrries Linited,
S.Nos.3l 3/3 14,j20 to 323, NanekaNairr.
Chakar, Tal-Kled. Disrpune 4t 0501
I
we have revierved tne accompanvine unaudited_consolidared financiat
resulrs ofAuroline tndustries Lnnired (,.rhe
(onpdn\,.:,.5.,b.idL,ie',rhc,oa."r,.irs.,rb,ra,aie.con.r .rre"..,t-;;;;;1,-";';.
,Deceaber
q"-,.r
nine nonrn
erde ,
20r.1 $ ,th .,; ,,;,.,oed in rr,.
,ai"a .""",,iolii. ;,; ,;; I r-nd,c,1,"nd
,e.Lr,
.o-rhe
quaner and nine month ended 3 r" Decdnber.2.r
"""stu"'n"''t:i
"
+' q',r'"
,rur,ri"
l-*ril.-a',i"rn,u,"'
."go.a;ng
sharerrolding' and 'promorer Group Sharehording:
r.i,i"o^",",,*, made by the
n,amgemenr and have ncjiher been *"t"*"U nu, O""n
".lr.r,
*ai,"a ty *. ir," ii"",""ri has been p.cpared
,-.ffi
1"""'iJ*'"i".i
companv pursuant 10 clause 41 ofrhc Jjsring ig eernerr
wirh the (rocr E\crranles i" rnora.
re.por.ibil.D or rre compnn) \4"nd;emer ano ha. been appro."J
.,.
'
.
.s lo \r re a reDor or
tjnaircixt .ral.r renl ba ed on or, rer:es
"ioi,...or
lr
'\r
2.
ri"ji
We conduct ourreview in accordance wnh the SLdndard
on Re!re\1 Engdgement
Financial rnformation perfonned bv the rrdepcnden, ,q,auor
,r" E"ii,i; i.,,"
rl;
by rhe
sratene,,r is ttre
L,L'r.pon,ibi,.j
ISRI) Z,1t0,..Review oflnrerim
jlf,,i*',*,n*"
Acc"Lr...r,o,t,dirihi.Sr"nc:-creoL,:re.i,a,.."t-r.0p.,,",."".',.,=",","r_lr,roa.""o..r-dl!e:r.ro
"t
"r"n"n*.a
whcther the rindncnr starenl'nrs d,e rr;e ofmateriar
i"i""*.'i"u. ,r ."'L'" r. i"'irJri.,*irv . i"q"i.;",
companv personnel and analvtical procedures afrlre{t ro
rinrucidl da'a and thus p,l",iJt"* ****" tr,"" "r
* *ait.
weh"\e10, perjo'rrledanrud'aro.a--o,drrgt..wea""o,._p,."l:,-,,ti,"ri"i",.
''
i
'l
we have nor revie'ved rhe inlerim financiar slaten.en* .'f rlree foreign
subsidiaries ('ncluding one srep down
subsidiarv) included in consolidated finaiciar resur"
, *1"* i,i".;- r""1"i"i .i"i"-ili,J*o*, .r, *venue ror the
quader and Rs r4e 62 crcres ror the niie month"
:r" o"."'ni",loio. ii,",? ru'-."r statemens have
b'en ce'liied by.orp.i) s rrdn_gerenr a,a .Jm:"h(d
""a.a ro,
', s..nd
o",
i".,. t" *..,,,, rctare. ro.1( amoun.
:lcrrocJ 1 ,<.pel, o. nc
,he.e ,ore.s., sL,b.id r \ ."
"pi, ; ;,;..,::; :
.'
.
;;.;;.;J
;:
,eo nr.-nc a ,,d.ere..;
"
Based on oul review conducted as ahove ijothing
has cometo ou. atrention thaicauses us ro believe
ftat the
statement orunaud*ed financiar resurts lns nor been p..p-.a
i'
,ri -r,".i, i,'rp.",, i',
*i
r,
Accouniins Standards notified Dur$ranft. the Companies (Accounting
""io.o*."
"ppr;""ur.
Standara; nrf". iiOo,
p..
S..ri""
Zr I
(3c) orcompanies A*
*
ii
o,
,,'" vi"i,u y
Corporare Affairs
"r
,i.l[,r"i
o*.ri.", *o
policies. and has not disclosed the inronratior ieq,;..a
",a "J.,i"..,Ti.,","."*"'r..*
.o o. a'*i"'"i,,
,ti*n"
,i,,i"g
includirg the manner in rvhich il js ro be disclosed, o.,r*r
i *rt"tr. ani,.ri".t"i,"ri""i*,
"*,*n'*,
res6re;dwithc aarcnr"r* ,:,:o,i
in rcspect of Sec 133 of Compani., a.,, zot:
FOR A.R.SULAKHE & CO
CHAR
ACCOUNTANTS
PIRM
ON NUMB
I(AUSTUBH DEO
PARTNER
MEMBERSHTP
PI 4( E: PLNr
r:.i..
NUMBtn r:ib4i'
Dl,rli Fe ta!Li-i
'
Ogr'L"r)
a,oiii;
s.]i",',i,., io