Polymechplast Machines Ltd has informed BSE that in the limited review report of the Company for the quarter ended September 30, 2007, the Auditors of the Company have made the following observations:

“There are certain income, expenditure, provisions and certain inventory at branch were not considered while publishing the Unaudited Financial Results of the Company for the 2nd quarter ended September 30, 2007. As a result of which the net loss as per Unaudited Financial results published by the Company would be increased by Rs 53,000 as per the details shown under :

Following changes are made in the books of accounts for the period July 01, 2007 to September 30, 2007, after submitting the Unaudited Financial Statements:

(i) Increase in Consumption of Raw Material : Rs 5,32,000
(ii) Increase in Employees cost : Rs 1000
(iii) Decrease in Manufacturing Exp : Rs (5,03,000)
(iv) Increase in Administrative Exp : Rs 23,000

Net Decrease in Profit : RS 53,000