Creative Castings Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018
Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2018
1. The above results have been reviewed by the Audit Committee and Approved by the Board of Directors of the Company at their meeting held on January 23, 2019. The Statutory Auditors of the company have carried out a " Limited Review" of the result for the quarter / nine months ended December 31, 2018. Their limited review report does not have any qualification / modification. 2. Other Manufacturing Expenses include stores and spares consumed, outward processing charges, power and fuel, packing materials consumed, product development expenses etc. 3. Effective July 01, 2017, Revenue from Operations is prescribed net of taxes and duties, upon implementation of the Goods and Services Tax Act. Hence total income and total expenses for the nine months ended on December 31,2018 and December 31, 2017 are not comparable.
4. The Company has two reportable segments viz. " Casting " and "Wind Turbine Power Generation ".
5. The financial statement has been prepared in accordance with Indian Accounting Standards (lnd AS), the provisions of the Companies Act, 2013 ( the Act), as applicable and guidelines issued by the Securities and Exchange Board of India (SEBI). 6. The figures of the previous period / year have been regrouped / re-classified / re-arranged, wherever necessary to correspond with the current period’s classification/disclosure/comparable.