Audited Financial Results for the year Ended 31.03.2009

AUDITED FINANCIAL RESULTS FOR THE QUARTER & YEAR ENDED 31st MARCH,2009 (Standalone)
(Rs.Lakhs)
No.
Particulars
Quarter ended
Year Ended
31.03.2009
31.03.2008
31.03.2009
31.03.2008
   
Audited
Audited
Audited
Audited
1
(a) Net Sales/Income for Operations
4569
5370
22054
20867
  (b) Other Operating Income
227
238
912
874
  Total Income (a+b)
4796
5608
22966
21741
   
 
 
 
 
2
Expenditure
 
 
 
 
  (a) Increase/Decrease in stock in Trade and work in progress
-392
296
-536
472
(b) Consumption of Raw Materials
2548
2318
11696
10650
(c) Purchases of Traded Goods
760
381
2006
1242
(d) Employee cost
430
371
1309
1115
(e) Power & Fuel
767
750
2042
1619
(f) Stores & Chemicals
513
518
3478
3341
  (g) Depreciation/Impairment
271
245
1306
1278
  (h) Other Expenses
496
516
1582
1622
  Total Expenditure
5393
5395
22883
21339
 
3
Profit from Operations before Other Income, Interest & Exceptional items (1-2)
-597
213
83
402
4
Other Income
113
-
122
-
5
Profit before interest & Exceptional items(3+4)
-484
213
205
402
6
Interest & Finance Cost(Net)
258
426
1595
1379
7
Loss/Gain on variation in foreign exchange rates (Net)
276
-
276
-
8
Profit after Interest but before Exceptional items (5-6)
-1018
-213
-1666
-977
9
Exceptional items
-
-
-
-
10
Profit from Ordinary Activities before tax (7+8)
-1018
-213
-1666
-977
11
Tax Expenses        
  Provision for taxation - Current Tax
-
-
-
-
  Fringe Benefit Tax
6
8
12
18
  Deferred Tax
-281
-106
-506
-368
  Prior Year Taxes
1
-157
1
-
12
Net Profit/Loss from Ordinary Activities after tax (9-10)
-744
42
-1173
-627
13
Extraordinary items (Nett)
-21
47
43
59
14
Net Profit / Loss for the period(11-12)
-723
-5
-1216
-686
15
Paid-up Equity Share Capital (Face value of Rs.10/- each)
2565
2565
2565
2565
16
Reserves (excluding revaluation reserves)
1685
2901
17
Earnings per share (EPS)-Basic & Diluted (Before Extraordinary Items)
-2.90
0.16
-4.57
-2.44
  Earnings per share (EPS)-Basic & Diluted (After Extraordinary Items)
-2.82
-0.02
-4.74
-2.67
18
Public Shareholding        
  No of Shares
10988602
12038751
10988602
12038751
  Percentage of Shareholding
42.83%
46.93%
42.83%
46.93%
19
Promoters & Promoter Group Shareholding        
  (a) Pledged / Encumbered No of shares
2000000
-
2000000
-
  Percentage of Shares(as % of the shareholding of promoter & promoter Group)
13.64%
-
13.64%
-
  Percentage of Shares(as % of the share capital of the Company)
7.80%
-
7.80%
-
  (b) Non Encumbered number of shares
12665303
-
12665303
-
  Percentage of Shares(as % of the shareholding of promoter & promoter Group)
86.36%
-
86.36%
-
  Percentage of Shares(as % of the share capital of the Company)
49.38%
-
49.38%
-

 

 

Coimbatore
Dated 25th June, 2009

  KG BAALAKRISHNAN
  EXECUTIVE CHAIRMAN

 

SEGMENT WISE RESULTS
(Rs.Lakhs)
Particulars
Quarter Ended
Year Ended
31.03.2009
31.03.2008
31.03.2009
31.03.2008
(Audited) 
(Audited) 
(Audited)
(Audited)
1 Segment Revenue
  
  
 
 
a Fabrics Dvn
4818
5896
21964
21713
b Apparel Dvn
227
699
1415
1299
Total
5045
6595
23379
23012
Less: Inter Segment Sales
249
987
413
1271
Add: Other Unallocable income
-
-
-
-
Net Sales/Income from Operations
4796
5608
22966
21741
   
2 Segment Results
  
  
 
  
Profit/(Loss) before Interest and Tax
  
  
 
  
a Fabrics Dvn
-362
333
34
504
b Apparel Dvn
-59
-120
169
-114
Total
-421
213
203
390
Less: Interest
258
426
1595
1378
Less: Other Unallocable Expenses (Net)
318
47
317
48
  Total Profit before Tax
-997
-260
-1709
-1036
    
 3 Capital Employed (Segment Assets -
Segment Liabilities)
   
   
 
   
a Fabrics Dvn
17033
19116
17033
19116
b Apparel Dvn
820
714
820
714
Total Captial Employed In Company
17853
19830
17853
19830
           

 

1 The above results were reviewed by the Audit Committee were approved by the Board of Directors at their meeting held on 25th June, 2009.
2 Information on Investor Complaints pursuant to clause 41 of the listing agreement for the Quarter ended 31st March,2009 - Opening Balance - Nil, Additions - 10, Disposals -10, Closing Balance - Nil
3. Figures of the previous year / quarter ended have been regrouped / re arranged wherever necessary.
 

 

Coimbatore
Dated 25th June, 2009

  KG BAALAKRISHNAN
  EXECUTIVE CHAIRMAN

 

AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31st MARCH,2009
No.
Particulars
Year Ended
Audited
31.03.2009
31.03.2008
1
(a) Net Sales / Income from Operations
24257
23386
  (b) Other Operating Income
926
879
  Total Income (a+b)
25183
24265
 
 
 
 
2
Expenditure
 
 
 
(a) Increase/Decrease in stock in Trade and work in progress
-735
367
 
(b) Consumption of Raw Materials
12941
11502
 
(c) Purchase of Traded Goods
2222
1456
  (d) Employee Cost
1465
1293
 
(e) Power & Fuel
2042
2866
 
(f) Stores & Chemicals
3779
3033
 
(g) Depreciation/Impairment
1311
1281
 
(h) Other Expenses
2172
2186
 
Total expenditure
25197
23984
3
Profit from operations before Other Income,Interest & Exceptional Items(1-2)
-14
281
4
Other Income
122
5
Profit before Interest & Exceptional Items (3+4)
108
281
6
Interest & Finance Cost (Net)
1685
1460
7
Loss/Gain on variation in foreign exchange rates(Net)
276
-
8
Profit after Interest but before Exceptional items(5-6)
-1853
-1179
9
Exceptional Items    
10
Profit for Ordinary Activities before Tax (7+8)
-1853
-1179
11
Tax Expenses    
 
Provision for taxation - Current Tax
-
-
 
Fringe Benefit Tax
16
28
 
Prior Year Taxes
1
-
 
Deferred Tax
-564
-434
12
Net Profit / Loss for Ordinary Activites after tax(9-10)
-1306
-773
13
Extraordinary Items(Net)
43
50
14
Net Profilt / Loss for the period (11-12)
-1349
-823
15
Paid up Equity Share Capital(Face Value of Rs.10/- each)
2565
2565
16
Reserves(excluding revaluation reserves)
1424
2646
17
Earnings Per Share(EPS)-Basic & Diluted (Before Extraordinary items)
-5.09
-3.21
  Earnings Per Share(EPS)-Basic & Diluted (After Extraordinary items)
-5.26
-3.21
 18 
Public Shareholding    
  No of Shares
10988602
12038751
 
Percentage of Shareholding
42.83%
46.93%
19
Promoters & Promoter Group Shareholding    
 
(a) Pledged/Encumbered
-
-
  
No of Shares
2000000
-
  Percentage of Shares(as % of the shareholding of promoter & promoter Group)
13.64%
-
  Percentage of Shares(as % of the share capital of the Company)
7.80%
-
  (b) Non Encumbered    
  No of Shares
12665303
-
  Percentage of Shares(as % of the shareholding of promoter & promoter Group)
86.36%
-
  Percentage of Shares(as % of the share capital of the Company)
49.38%
-

 

Coimbatore
Dated 25th June, 2009

  KG BAALAKRISHNAN
  EXECUTIVE CHAIRMAN