June 2019 - Scrip Code: 531503
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T : + 91 442811 59 10 /12 F : + 91 442811 15 13 M : [email protected] W : www.maris.co.in W CIN : L93090TN1979PLC032618 MARIS MARIS SPINNERS LIMITED 11, Cathedral Road, Chennai - 600 086. Ref: MSL/ ~'ft /2019-20 August 14, 2019 MIs. BSE Ltd., Corporate Relationship Dept. Floor 25, PhirozeJeejeebhoy Towers Dalal Street, Mumbai 400001 Dear Sir, Sub: Unaudited financial results and Limited Review Report for the Quarter ended so" June 2019 - Scrip Code: 531503 We are enclosing the financial result for the quarter ended so" June, 2019 which has been reviewed by the Audit Committee and taken on record by the Board of Directors of the Company at their meeting held today. We are also enclosing the Limited Review Report given by the Statutory Auditor on the financial result for the quarter ended so" June 2019. Kindly take the above information on record. Thanking you Yours faithfully For MARISSPINNERSLIMITED y V..) CL---v---- KV S RAGHAVAN COMPANYSECRETARY Mills Unit I : Kattemalalavadi Village, Hunsur Taluk, Mysore District - 571 134. Telephone: 08222-252153 Fax: 08222 - 252180 Unit II : Kulithalai Road, Manapparai, Trichy District - 621 306. Mobile: 9842431113/98655 70650 MARIS SPINNERS UMITED REGD.OFF: 11 CATHEDRAL ROAD, CHENNAI - 600 086. Tel: 044 2811 5910 /12, Web: www.maris.co.in , Email ID:[email protected] CIN:L93090TN1979PLC032618 UN-AUDITED (STANDALONE) FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2019 Prepared in compliance with the Indian Accounting Standard(Ind-AS) RS IN LAKH QUARTER YEAR QUARTER ENDED ENDED ENDED S.NO PARTICULARS 30/06/2019 30/06/2018 31/03/2019 31/03/2019 Unaudited Unaudited Audited Audited PART I 1 INCOME FROMOPERATIONS 1. Net Sales / Income from Operations 3,085.60 3,121.8U 3,421.00 12,988.59 2. Other operating Income 60.17 57.01 40.55 263.39 Total Income from Operations 3,145.77 3,178.81 3,461.55 13,251.98 2 EXPENSES a. Cost of Materials Consumed 2,213.58 1,939.17 2,209.81 8,546.18 b. Purchase of stock in trade - - - - c. Change in inventories-of finished goods, WIP and stock in trade (260.43) (58.35) 202.34 (219.36) d.Finance Cost 124.07 110.76 289.67 1,104.62 e. Employee Benefits Expenses 255.45 245.02 392.90 1,636.14 f. Power and Fuel 420.94 407.00 121.36 457.16 g. Depreciation and amortization expenses 110.71 118.00 108.43 463.94 h. Other Expenses 261.34 250.25 308.62 1,081.75 Total Expenses 3,125.65 3,011.85 3,633.12 13,070.43 3 Profit/(Loss) before exceptional, extraordinary items and tax -(1-2) 20.12 166.96 (171.57) 181.55 4 Exceptional Items - - - - 5 Profit/(Loss) before extraordinary items and tax 20.12 166.96 (171.57) 181.55 6 Extraordinary Items - 7 Profit/(Loss) before tax 20.12 166.96 (171.57) 181.55 8 Tax Expenses - Current Tax 5.00 5.00 28.63 28.63 Deferred Tax - - (83.21) (83.21) 9 Profit / (Loss) for the period from continuing operation 15.12 161.96 (116.99) 236.13 10 Profit /(Loss) for discontinuing operation - - - - 11 Profit /(Loss)for the period 15.12 161.96 (116.99) 236.13 12 Other comprehensive Income, net of Income Tax - - 11.41 (a) Items that will not be reclassified for Profit or Loss - (b) Items that will be reclassified to profit or Loss 13 Total comprehensive income, net of Income Tax 15.12 161.96 (116.99) 247.54 14 Paid-up Equity 5hare capital (Face value of Rs. 10/- per share) 805.19 804.04 805.19 805.19 15 Reserves excluding revaluation reserves - - - - 16 Earnings per share{EPS) basic/diluted (of Rs.10/- each-not annualised) 0.18 1.98 (1.43) 3.03 Notes 1 The unaudited results have been reviewed by the Audit Committee of the Board and taken on record by the Board of Directors of the Company at their meeting held on 14.08.2019. These results have been subjected to Limited Review by the Statutory Auditors 2 The Ind AS compliant corresponding figures for the quarter ended 30th June 2019 and the corresponding previous quarter have not been subjected to review/audit. However, the Company's management has exercised necessary due dilegence to ensure that such financial results provide a true and fair view of its affairs. 3 The company is engaged in the sole activity of carrying on the business of "manufacture of cotton yarn" and therefore, has only one reportable segment in accordance with Ind AS 108 'Operating Segments". 4 There were no investor complaints remaining unresolved as at the beginning and end of the Quarter. for MARIS SPINNERS LIMITED Place : Chennai. Date : 14.08.2019 VIJAYAKUMAR JANADRI CHARTEREDACCOUNTANT 00 ..... HeiBhts Apartment #45/1,6-1# 12'" Main Road, Muthyalanapr, Ph: +91- 9986953652 Banaalore - 560 0S4 Email: vijay_janadriIP.ahoo.CD.in !.IMinO R~JEW SgPORT FOR TH~ gUARTER n~ogoii)TH JUNE 2019. To The Board of Directors of Maris Spinners Limited I have reviewed the accompanyinc Statement of Standalone Unaudited Financial results of MIs Maris Spinners Umited for the quarter ended 30th June 2019. being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (listing Obligation and Disclosure Requirements) Regulation, 2015 as modified by Circular No. CIR/CFD/FAC/62/21D6 dated JulV Stl1 2016. This statement is the responsibility of the C pany's Management and has been approved by the Board of Directors at their meeting has been p red in accordance with recognition and measurement principles laid down in the Indian Accounting Standard 34"lnterim Financial Reporting" (Ind AS 34), prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and C)ther acco.unting principles generally accepted My responsibility is to issue a report on these financial statements based on my review. I conducted my review in accordance with the Standard 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 I 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, I have not performed an audit and accordinaly. ldo no express an audit opinion. Basedon my review conducted as above, nothing has come to my attention that causes me to believe that the accompanying st ent of unaudited financial results prepared in accordance with applicable accounting standards an her recognized accounting practices and policies has not disclosed the inf tion required to be disdosed in t lation 33 of the I (Listing Obligations and Dis . re Requirements) Regulations, 2015 in e manner in which is to be disclosed. or that it contains any material misstatement. ~W::RI CHARTEREDACCOUNTANT (M~MBEJtSHIPNo, ~22.t~7) T : + 91 442811 59 10 /12 F: +914428111513 M : [email protected] W : www.maris.co.in CIN : L93090TN1979PLC032618 ~ MARIS MARIS SPINNERS LIMITED 11, Cathedral Road, Chennai - 600 086. Ref: MSL/tJlf 1/2019-20 August 14, 2019 MIs. SSE Ltd., Corporate Relationship Dept. Floor 25, PhirozeJeejeebhoy Towers Dalal Street, Mumbai 400001 Dear Sir, Sub: Declaration with respect to audit report with unmodified opinion for the quarter ended so" June 2019 - Scrip Code: 531503 Pursuant to clause 4.1 of SEBICircular No. CIR/CFD/CMD/56/2016 dated 27.05.2016, we hereby confirm that the Auditors of the Company Mr. Vijayakumar Janadri r Chartered Accountant, Bangalore has issued a Limited Review Report for the quarter ended so" June 2019 on the financial statements prepared under the SEBI(Listing Obligations and Disclosure requirements) Regulations,2015 with unmodified Opinion. The above is for your information and record. Thanking you Yours faithfully F~R~S PIN nA~OVIN DIRECTOR Mills Unit I : Kattemalalavadi Village, Hunsur Taluk, Mysore District - 571 134. Telephone: 08222-252153 Fax: 08222 - 252180 Unit II : Kulithalai Road, Manapparai, Trichy District - 621 306. Mobile: 98424 31113/98655 70650.