Audited Financial Results for the year Ended 31.03.2011

AUDITED FINANCIAL RESULTS FOR THE QUARTER & YEAR ENDED 31st MARCH,2011
(Rs.Lakhs)
No.
Particulars
Quarter ended (Standalone)
Year Ended(Standalone)
Consolidated Results for the Year Ended
31.03.2011
31.03.2010
31.03.2011
31.03.2010
31.03.2011
31.03.2011
   
Audited
Audited
Audited
Audited
Audited
1
(a) Net Sales/Income for Operations
8673
6361
32723
25851
35772
28488
  (b) Other Operating Income
375
469
1671
1105
1675
1114
  Total Income (a+b)
9048
6830
34394
26956
37447
29602
   
 
 
 
 
2
Expenditure
 
 
 
 
  (a) Increase/Decrease in stock in Trade and work in progress
-932
-338
-260
557
-399
-704
(b) Consumption of Raw Materials
5122
3219
16022
11951
17305
13088
(c)Purchases of Traded Goods
1172
887
4042
2405
4725
2772
(d)Employee cost
643
325
1708
1341
1855
1470
(e)Power & Fuel
506
500
2733
2068
2732
2068
(f)Stores & Chemicals
1367
1089
4666
3834
4960
4104
  (g) Depreciation/Impairment
279
279
1293
1290
1299
1297
  (h)Other Expenses
425
570
1873
1801
2668
2490
  Total Expenditure
8582
6531
32077
25247
35145
27993
 
3
Profit from Operations before Other Income, Interest & Exceptional items (1-2)
466
299
2317
1709
2302
1609
4
Other Income
111
135
111
135
124
135
5
Profit before interest & Exceptional items(3+4)
577
434
2428
1844
2426
1744
6
Interest & Finance Cost(Net)
444
346
1630
1633
1709
1715
7
Loss/Gain on variation in foreign exchange rates (Net)
-3
3
4
101
4
101
8
Profit after Interest but before Exceptional items (5-6-7)
136
85
794
110
713
-72
9
Exceptional items
-
-
-
-
-
-
10
Profit from Ordinary Activities before tax (8+9)
136
85
794
110
713
-72
11
Tax Expenses      
  Provision for taxation - Current Tax
9
14
137
0
138
14
  Deferred Tax
18
-27
222
-25
203
-63
  MAT Credit Entitlement
-5
-14
-133
0
-135
-14
  Prior Year Taxes
5
102
5
102
5
102
12
Net Profit/Loss from Ordinary Activities after tax (10-11)
109
10
563
33
502
-111
13
Extraordinary items (Nett)
125
9
113
16
120
23
14
Net Profit / Loss for the period(12-13)
-16
1
450
17
382
-134
15
Paid-up Equity Share Capital (Face value of Rs.10/- each)
2567
2567
2567
2567
2567
2567
16
Reserves (excluding revaluation reserves)
2152
1702
1672
1290
17
Earnings per share (EPS)-Basic & Diluted (Before Extraordinary Items)
0.42
0.04
2.19
0.13
1.96
-0.43
  Earnings per share (EPS)-Basic & Diluted (After Extraordinary Items)
-0.06
0.00
1.75
0.07
1.49
-0.52
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%

 

1 The above results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 27th May, 2011.
2 Information on Investor Complaints pursuant to clause 41 of the listing agreement for the Year ended 31st March,2011 - Opening Balance - Nil, Additions - 5, Disposals -5, Closing Balance - Nil
3. Figures of the previous year / quarter ended have been regrouped / re arranged wherever necessary.
4. The manufacture and Sales of FABRICS and APPARELS in which company is mainly engaged, considering the nature of the business, is only a single reportable segment as TEXTILES.

 

Coimbatore
Dated 27th May, 2011

By Order of the Board

 

  KG BAALAKRISHNAN
  EXECUTIVE CHAIRMAN

 

Statement of Assets & Liabilities as at 31st MARCH,2011
No.
Particulars
Year Ended
Consolidated Results for the Year Ended
Audited
Audited
31.03.2011
31.03.2010
31.03.2011
31.03.2010
1
Share holder's Fund    
  (a) Share Capital
2567
2567
2567
2567
  (b) Reserves & Surplus
2152
1702
1672
1290
2
Loan Funds
11238
11735
11859
12278
3
Deferred Tax Liability (Nett)
1063
841
883
680
Total
17020
16845
16981
16815
       
1
Fixed Assets (Net)
10128
11223
10218
11295
2
Investments
532
532
331
331
3
Current Assets, Loans & Advances
(a) Inventories
8188
6349
8978
7173
(b) Sundry Debtors
2749
3129
3021
2711
(c) Cash and Bank Balances
624
639
664
685
(d) Loans and Advances
2422
1721
2537
1942
 
(e) Other Current Assets
591
297
591
297
 
Less:Current Liabilities & Provisions
 
(a) Current Liabilities
7892
6899
9023
7458
 
(b) Provisions
322
146
337
162
4
Miscellaneous Expenses (Not Written off or Adjusted)
0
0
1
1
5
Profit and Loss Account
0
0
0
0
  Total
17020
16845
16981
16815

 

 

 

Coimbatore
Dated 27th May, 2011

By order of the Board

 

  KG BAALAKRISHNAN
  EXECUTIVE CHAIRMAN