General information about company
Scrip code	514454
Name of company	Southern Latex Limited
Class of security	Equity
Date of start of financial year	01-04-2017
Date of end of financial year	31-03-2018
Date of board meeting when results were approved	12-08-2017
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	28-07-2017
Description of presentation currency	INR
Level of rounding used in financial results	Lakhs
Reporting Quarter	First quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited	Unaudited
Segment Reporting	Single segment
Description of single segment	Sale of Product
Start time of board meeting	13:30
End time of board meeting	17:00

Financial Results – Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-04-2017	01-04-2017
B	Date of end of reporting period	30-06-2017	30-06-2017
C	Whether results are audited or unaudited	Unaudited	Unaudited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Part I
1	Income
	Revenue from operations	0	0
	Other income	3.6	3.6
	Total income	3.6	3.6
2	Expenses
(a)	Cost of materials consumed	0	0
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	1.2	1.2
(e)	Finance costs	0	0
(f)	Depreciation, depletion and amortisation expense	1.2	1.2
(f)	Other Expenses
1	Other Expenses	0.16	0.16
10
	Total other expenses	0.16	0.16
	Total expenses	2.56	2.56

Financial Results – Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-04-2017	01-04-2017
B	Date of end of reporting period	30-06-2017	30-06-2017
C	Whether results are audited or unaudited	Unaudited	Unaudited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
3	Total profit before exceptional items and tax	1.04	1.04
4	Exceptional items	0	0
5	Total profit before tax	1.04	1.04
7	Tax expense
8	Current tax	0	0
9	Deferred tax	0	0
10	Total tax expenses	0	0
11	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
14	Net Profit Loss for the period from continuing operations	1.04	1.04
15	Profit (loss) from discontinued operations before tax	0	0
16	Tax expense of discontinued operations	0	0
17	Net profit (loss) from discontinued operation after tax	0	0
19	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
21	Total profit (loss) for period	1.04	1.04
22	Other comprehensive income net of taxes	0	0

Financial Results – Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-04-2017	01-04-2017
B	Date of end of reporting period	30-06-2017	30-06-2017
C	Whether results are audited or unaudited	Unaudited	Unaudited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
23	Total Comprehensive Income for the period	1.04	1.04
24	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
25	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	0	0
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
26	Details of equity share capital
	Paid-up equity share capital
	Face value of equity share capital
27	Details of debt securities
	Paid-up debt capital
	Face value of debt securities
28	Reserves excluding revaluation reserve
29	Debenture redemption reserve
30	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	0.001	0.001
	Diluted earnings (loss) per share from continuing operations	0.001	0.001
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	0.001	0.001
	Diluted earnings (loss) per share from continuing and discontinued operations	0.001	0.001
31	Debt equity ratio
32	Debt service coverage ratio
33	Interest service coverage ratio
34	Disclosure of notes on financial results	Textual Information(1)

Text Block

Textual Information(1)

1 The statement has been reviewed by the Audit Committee and approved by the Board of Directors at its meetings held on 12.08.17 2 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 and other recognised accounting practises and policies to the extent applicable. Beginning April 1,2017, the company has for the first time adopted Ind AS with a transition date of April 1,2016. 3 The company is engaged in the business of " trading company" and therefore, has only one reportable segment in accordance with IND AS 108 "operating segments". 4 The Ind AS complaint financial results, pertaining to period ended june 30,2016 have not been subject to limited review or audit. However, the management has excercised necessary due dilligence to ensure that such fianancial results provide a true and fair view of its affairs. 5 The statement does not include Ind AS compaint results for the preceding quarter and previous year ended March 31,2017 as the same is not mandatory as per SEBIs circular dated July 5,2016. 6 The company has not appointed a key managerial personnel- Chief Financial officer as required under the proviosns of Section 203 read with Companies (Appointment and remuneration of Managerial person) Rules,2014. The auditors have modified their conclusion in the review report with respect to this matter. 7 The reconciliation of net profit or loss reported in accordance with Indian GAAP to total comprehensive income in accordance with Ind AS is given below: (Rs. In lakhs) Description Corresponding 3 months ended in the previous year june 30,2016 (Refer note 4) Net Profit/ (loss) as per Previous GAAP( Indian GAAP) 1.47 Ind AS adjustments : Add/ (less) Effect of employees stock option measurement and amortisation based on fair value of options. 0 Actuarial (gain)/Loss on employee defined benefit funds recognised in other comprehensive Income. 0 Effect of fair valuing security deposits and amortisation of advance rentals. 0 commission on bank Guaranees provided 0 Tax impact on Ind AS adjustments 0 Others 0 Tax Provision previously unrecognised 0 Net profit/(loss) as per Ind AS 1.47 other comprehensive income, net of income tax 0 Total comprehensive income for the period 1.47 This reconciliation statement has been provided in accordance with circular CIR/CFD/FAC/62/2016 issued by SEBI datede July 5, 2016 on account of implementation of Ind-AS by listed companies. Place : CHENNAI Date : 12/8/2017