Audited Financial Results for the year Ended 31.03.2009

AUDITED FINANCIAL RESULTS FOR THE QUARTER & YEAR ENDED 31st MARCH,2010
(Rs.Lakhs)
No.	Particulars	Quarter ended (Standalone)		Year Ended(Standalone)		Consolidated Results for the Year Ended
No.	Particulars	31.03.2010	31.03.2009	31.03.2010	31.03.2009	31.03.2010	31.03.2009
		Audited	Audited	Audited	Audited	Audited
1	(a) Net Sales/Income for Operations	6361	4569	25851	22054	28488	24257
	(b) Other Operating Income	469	227	1105	912	1114	926
	Total Income (a+b)	6830	4796	26956	22966	29602	25183

2	Expenditure
	(a) Increase/Decrease in stock in Trade and work in progress	-338	-392	557	-536	704	-735
	(b) Consumption of Raw Materials	3219	2548	11951	11696	13088	12941
	(c)Purchases of Traded Goods	887	760	2405	2006	2772	2222
	(d)Employee cost	325	430	1341	1309	1470	1465
	(e)Power & Fuel	500	767	2068	2042	2068	2042
	(f)Stores & Chemicals	1089	513	3834	3478	4104	3779
	(g) Depreciation/Impairment	279	271	1290	1306	1297	1311
	(h)Other Expenses	570	496	1801	1582	2490	2172
	Total Expenditure	6531	5393	25247	22883	27993	25197

3	Profit from Operations before Other Income, Interest & Exceptional items (1-2)	299	-597	1709	83	1609	-14
4	Other Income	135	113	135	122	135	122
5	Profit before interest & Exceptional items(3+4)	434	-484	1844	205	1744	108
6	Interest & Finance Cost(Net)	346	258	1633	1595	1715	1685
7	Loss/Gain on variation in foreign exchange rates (Net)	3	276	101	276	101	276
8	Profit after Interest but before Exceptional items (5-6-7)	85	-1018	110	-1666	-72	-1853
9	Exceptional items	-	-	-	-	-	-
10	Profit from Ordinary Activities before tax (8+9)	85	-1018	110	-1666	-72	-1853
11	Tax Expenses
	Provision for taxation - Current Tax	14	0	14	0	14
	Fringe Benefit Tax	0	6	0	12	0	16
	Deferred Tax	-27	-281	-25	-506	-63	-564
	MAT Credit Entitlement	-14	-	-14	-	-14	-
	Prior Year Taxes	102	1	102	1	102	1
12	Net Profit/Loss from Ordinary Activities after tax (10-11)	10	-744	33	-1173	-111	-1306
13	Extraordinary items (Nett)	9	-21	16	43	23	43
14	Net Profit / Loss for the period(12-13)	1	-723	17	1216	-134	-1349
15	Paid-up Equity Share Capital (Face value of Rs.10/- each)	2567	2567	2567	2567	2567	2567
16	Reserves (excluding revaluation reserves)	-	-	1702	1685	1290	1424
17	Earnings per share (EPS)-Basic & Diluted (Before Extraordinary Items)	0.04	-2.90	0.13	-4.57	-0.43	-5.09
	Earnings per share (EPS)-Basic & Diluted (After Extraordinary Items)	-	-2.82	0.07	-4.74	-0.52	-5.26
18	Public Shareholding
	No of Shares	10988602	10988602	10988602	10988602	10988602	10988602
	Percentage of Shareholding	42.83%	42.83%	42.83%	42.83%	42.83%	42.83%
19	Promoters & Promoter Group Shareholding
	(a) Pledged / Encumbered No of shares	2000000	2000000	2000000	2000000	2000000	2000000
	Percentage of Shares(as % of the total shareholding of promoter & promoter Group)	13.64%	13.64%	13.64%	13.64%	13.64%	13.64%
	Percentage of Shares(as % of the total share capital of the Company)	7.80%	7.80%	7.80%	7.80%	7.80%	7.80%
	(b) Non Encumbered number of shares	12665303	12665303	12665303	12665303	12665303	12665303
	Percentage of Shares(as % of the total shareholding of promoter & promoter Group)	86.36%	86.36%	86.36%	86.36%	86.36%	86.36%
	Percentage of Shares(as % of the share capital of the Company)	49.38%	49.38%	49.38%	49.38%	49.38%	49.38%

Coimbatore
Dated 26th May, 2010

KG BAALAKRISHNAN
EXECUTIVE CHAIRMAN

SEGMENT WISE RESULTS
(Rs.Lakhs)
Particulars		Quarter Ended		Year Ended		Consolidated Results for the Year Ended
Particulars		31.03.2010	31.03.2009	31.03.2010	31.03.2009	31.03.2010	31.03.2009
		(Audited)	(Audited)	(Audited)	(Audited)	(Audited)	(Audited)
1	Segment Revenue
	a Fabrics Dvn	6021	4818	25235	21694	25235	21964
	b Apparel Dvn	1062	227	2720	1415	5366	3632
	Total	7083	5045	27955	23379	30601	25596
	Less: Inter Segment Sales	253	249	999	413	999	413
	Add: Other Unallocable income	-	-	-	-
	Net Sales/Income from Operations	6830	4796	26956	22966	29602	25183

2	Segment Results
	Profit/(Loss) before Interest and Tax
	a Fabrics Dvn	457	-362	1648	34	1648	34
	b Apparel Dvn	-24	-59	195	169	96	72
	Total	433	-421	1843	203	1744	106
	Less: Interest	346	258	1633	1595	1715	1685
	Less: Other Unallocable Expenses (Net)	11	318	116	317	124	317
	Total Profit before Tax	76	-997	94	-1709	-95	-1896

3	Capital Employed (Segment Assets - Segment Liabilities)
	a Fabrics Dvn	15590	17034	15590	17034	15390	17033
	b Apparel Dvn	1255	820	1255	820	1425	930
	Total Captial Employed In Company	16845	17854	16845	17854	16815	17963

1 The above results were reviewed by the Audit Committee were approved by the Board of Directors at their meeting held on 26th May, 2010.

2 Information on Investor Complaints pursuant to clause 41 of the listing agreement for the Quarter ended 31st March,2010 - Opening Balance - Nil, Additions - 18, Disposals -18, Closing Balance - Nil

3. Figures of the previous year / quarter ended have been regrouped / re arranged wherever necessary.

Coimbatore
Dated 26th May, 2010

KG BAALAKRISHNAN
EXECUTIVE CHAIRMAN

Statement of Assets & Liabilities as at 31st MARCH,2010
No.	Particulars	Year Ended		Consolidated Results for the Year Ended
		Audited		Audited
		31.03.2010	31.03.2009	31.03.2010	31.03.2009
1	Share holder's Fund
	(a) Capital	2567	2567	2567	2567
	(b) Reserves & Surplus	1702	1685	1290	1424
2	Loan Funds	11735	12736	12278	13229
3	Provision of Deferred Tax(Nett)	841	866	680	743
	Total	16845	17854	16815	17963

1	Fixed Assets (Net)	11223	12422	11295	12497
2	Investments	532	532	331	331
3	Current Assets, Loans & Advances
	(a) Investories	6349	6378	7173	7334
	(b) Sundry Debtors	3129	2446	2711	2203
	(c) Cash and Bank Balances	639	760	685	788
	(d) Loans and Advances	1721	2279	1942	2402
	(e) Other Current Assets	297	282	297	282
	Less:Current Liabilities & Provisions
	(a) Current Liabilities	6899	7093	7458	7706
	(b) Provisions	146	151	162	169
4	Miscellaneous Expenses (Not Written off or Adjusted)	0	0	1	1
5	Profit and Loss Account	0	0	0	0
	Total	16845	17854	16815	17963

Coimbatore
Dated 26th May, 2010

KG BAALAKRISHNAN
EXECUTIVE CHAIRMAN

Audited Financial Results for the year Ended 31.03.2010