Audited Financial Results for the year Ended 31.03.2008

AUDITED FINANCIAL RESULTS 
(Rs.Lakhs)
No.
Particulars
9 Months
Ended
Quarter ended
Year Ended
31.12.2007
31.03.2008
31.03.2007
31.03.2008
31.03.2007
         
Audited
Audited
1 Net Sales
15497
5370
4946
20867
20899
2 Other Income
636
238
196
874
441
3 Total Income (1+2)
16133
5608
5142
21741
21340
4 Expenditure
 
 
 
 
 
   
 
 
 
 
 
(a) Increase/Decrease in stock
176
296
109
472
-367
(b) Consumption of Raw Materials
9193
2699
3440
11892
12313
(c) Stores & Chemicals
2189
518
689
2707
2917
(d) Employee cost
744
371
413
1115
1050
(e) Manufacturing Expenses
1503
750
575
2253
2112
(f) Selling and Administrative Expenses
1118
516
490
1634
1785
5 Interest
952
426
311
1378
1180
6 Depreciation
1033
245
203
1278
1184
7 Total Expenditure (4+5+6)
16908
5821
6230
22729
22174
8 Profit (+) / Loss (-) before tax (3-7)
-775
-213
-1088
-988
-834
9 Extraordinary Items (Nett)
1
47
-33
48
20
10 Provision for taxation - Current Tax
0
0
   
  Fringe Benefit Tax
10
8
0
18
23
  Prior Year Taxes
157
-157
0
0
0
  Deferred Tax
-262
-106
-186
-368
-186
11 Net Profit / Loss (8-9-10)
-681
-5
-869
-685
-692
12 Paid-up Equity Share Capital (Face value of Rs.10/- each)
2565
2565
2011
2565
2011
13 Reserves (excluding revaluation reserves)
-
2772
3141
14 Earnings per share (EPS)-Basic & Diluted
-2.65
-0.02
-4.32
-2.67
-3.44
15 Aggregate of Public Shareholding          
  No of Shares
11917751
12038751
11871551
12038751
11871551
  Percentage of Shareholding
46.46%
46.93%
59.07%
46.93%
59.07%

 

 

Coimbatore
Dated 23rd June, 2008

  KG BAALAKRISHNAN
  EXECUTIVE CHAIRMAN

 

SEGMENT WISE RESULTS
(Rs.Lakhs)
Particulars
9 Months
Ended
Quarter Ended
Year Ended
31.12.2007
31.03.2008
31.03.2007
31.03.2008
31.03.2007
(Un Audited)
(Un Audited) 
(Un Audited) 
(Audited)
(Audited)
1 Segment Revenue
 
  
  
 
 
a Fabrics Dvn
15181
5658
4528
20839
19304
b ApparelDvn
600
699
502
1299
2393
Total
15781
6357
5030
22138
21697
Less: Inter Segment Revenue
284
987
84
1271
798
Add: other income
636
238
196
874
441
Net Sales/Income from Operations
16133
5608
5142
21741
21340
   
2 Segment Results
   
  
  
 
  
Profit/(Loss) before Interest and Tax
  
  
  
 
  
a Fabrics Dvn
171
333
-561
504
496
b Apparel Dvn
6
-120
-216
-114
-150
Total
177
213
-777
390
346
Less: Interest
952
426
311
1378
1180
Add: Extraordinary Items (Net)
1
47
-33
48
20
  Profit before Tax
-776
-260
-1055
-1036
-854
    
 3 Capital Employed (Segment Assets -
Segment Liabilities)
   
   
   
 
   
a Fabrics Dvn
18584
19116
19180
19116
19180
b Apparel Dvn
929
714
1243
714
1243
Total
19513
19830
20423
19830
20423

 

1 The above results were reviewed by the Audit Committee were approved by the Board of Directors at their meeting held on 23rd day of June, 2008.
2 The Statutory Auditors of the Company have carried out a limited review for standalone results of the Company.
3. Previous Years figures have been regrouped whereever necessary to conform to current period classification.
4. No of Investor complaints for the quarter ended 31.03.2008 - (a) Opening Balance at the beginning-nil; (b) Additions-20; (c) Disposals - 20 (d) Closing Balance - nil;
 

 

Coimbatore
Dated 28th June, 2007

    KG BAALAKRISHNAN
  EXECUTIVE CHAIRMAN

 

AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31-03-2008
No.
Particulars
Year Ended
Year Ended
31.03.2008
31.03.2007
1
Net Sales
23386
22270
2
Other Income
879
782
3
Total Income (1+2)
24265
23052
4
Expenditure
 
 
 
(a) Increase/Decrease in stock
367
-656
 
(b) Consumption of Raw Materials
12958
10342
 
(c) Stores & Chemicals
3033
3154
 
(d) Employee Cost
1293
1148
 
(e) Manufacturing Expenses
2866
2114
 
(f) Selling and Administrative Expenses
2186
5046
5
Interest
1460
1534
6
Depreciation
1281
1184
7
Total expenditure (4+5+6)
25444
23866
8
Profit (+) / Loss )(-) before tax (3-7)
-1179
-814
9
Extraordinary Items (Nett)
50
21
10
Provision for taxation - Current Tax
0
7
 
Fringe Benefit Tax
28
29
 
Prior Year Taxes
0
0
 
Defferred Tax
-434
-185
11
Net Profit / Loss (8-9-10)
-823
-686
12
Paid-up Equity Share Capital
(Face value of Rs.10/- each)
2565
2011
13
Reserves (excluding revaluation reserves)
2646
3152
14
Earnings per share (Rs.)
(Basic & diluted)
-3.21
-3.41
15
Aggregate of non-promoter shareholding
 
 
 
No of Shares
12038751
11871551
 
Percentage of Shareholding
46.93%
59.07%

 

1 In consolidating the accounts, the result of one of its subsidiary namely KG Denim (USA) Inc have been excluded, since the commercial activity of the subsidiary have not yet commenced.
2 Figures for previous quarter / year have been regrouped wherever necessary.

 

Coimbatore
Dated 23rd June, 2008

  KG BAALAKRISHNAN
  EXECUTIVE CHAIRMAN