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 |
By Order of the Board
KG BAALAKRISHNAN |
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 |
By order of the Board
KG BAALAKRISHNAN |