UN AUDITED FINANCIAL RESULTS FOR THE QUARTER & HALF YEAR ENDED 30.09.2010

Unaudited Standalone Financial Results for the Quarter & Half Year Ended 30th September 2010.
(Rs.Lakhs)
No.
Particulars
Quarter ended
Half Year Ended
Year Ended
30.09.2010
30.09.2009
30.09.2010
30.09.2009
31.03.2010
Unaudited
Audited
1 (a) Net Sales/Income from Operations
7849
6150
14966
12760
25850
(b) Other Operating Income
413
241
841
326
1104
Total Income (a+b)
8262
6391
15807
13086
26954
  
 
 
 
 
2 Expenditure
 
 
 
 
 
(a) Increase/Decrease in stock in Trade and work in progress
362
-133
743
395
557
(b) Consumption of Raw Materials
4321
3403
8172
6801
14354
(c) Purchase of traded Goods
0
0
0
0
0
(d) Employee cost
349
349
702
671
1340
(e) Power & Fuel
714
546
1338
1092
2067
(f) Stores & Chemicals
1082
937
2178
1821
3836
(g) Depreciation
340
339
677
666
1290
(h) Other Expenditure
485
396
944
815
1801
(i) Total Expenditure
7653
5837
14754
12261
25245
3 Profit from Operations before Other Income,Interest & Exceptional Items(1-2)
609
554
1053
825
1709
4 Other Income
0
0
0
0
135
5 Profit before Interest & Exceptional Items(3+4)
609
554
1053
825
1844
6 Interest & Finance Cost (Net)
398
436
802
881
1633
7 Loss/Gain On Variation in Foreign Exchange Rate (Net)
3
9
3
131
101
8 Profit after Interest but before Exceptional Items (5-6-7)
208
109
248
-187
110
9 Exceptional Items
0
0
0
0
0
10 Profit From Ordinary Activities before Tax (8+9)
208
109
248
-187
110
11 Tax Expenses
Current Tax
30
0
38
0
-14
MAT Credit Entitlement
-30
0
-38
0
-14
Deferred Tax
61
39
73
-62
-25
Prior Year Taxes
0
0
0
0
102
12 Net Profit from Ordinary Activities after tax(10-11)
147
70
175
-125
33
13 Extraordinary Items(Net)
-6
0
-6
7
16
14 Net Profit for the Period (12-13)
153
70
181
-132
17
15 Paid-up Equity Shares Capital(Face Value of Rs.10/-each)
2567
2567
2567
2567
2567
16 Reserves excluding revaluation reserves as per Balance Sheet of Previous accounting year
-
-
-
-
1685
17 Earnings Per Share(EPS)(Rs.)-Basic & Diluted
(Before Extraordinary Items-Not Annualized)
0.57
0.27
0.68
-0.49
0.13
(After Extraordhinary Items- Not Annualized)
0.60
0.27
0.71
-0.51
0.07
18 Public Shareholding
No of Shares
10988602
10988602
10988602
10988602
10988602
Percentage of Shareholding
42.83%
42.83%
42.83%
42.83%
42.83%
19 Promoters & Promoter Group Shareholding
(a) Pledged/Encumbered No of Shares
2000000
-
2000000
-
2000000
Percentage of Shares(as % of the Total Shareholding of Promoter & Promoter Group).
13.64%
-
13.64%
-
13.64%
Percentage of Shares(as % of the Total Share Capital of the Company)
7.79%
-
7.79%
-
7.79%
(b) Non-Encumbered No of Shares
12665303
 
-
 12665303
-
12665303
Percentage of Shares(as % of the Total Shareholding of Promoter & Promoter Group).
86.36%
-
86.36%
-
86.36%
Percentage of Shares(as % of the Total Share Capital of the Company)
49.34%
-
49.34%
-
49.34%

 

1 The above Unaudited results were reviewed by the Audit Committee and Approved by the Board of Directions at their meeting held on 8th November, 2010.

2. The Auditors of the company have carried out a Limited Review of the aforesaid financial results for the Quarter /Half Year Ended 30.09.2010 in terms of the Clause 41 of the Listing Agreement with Stock Exchange.

3. Information on Investor Complaints Pursuant to clause 41 of the listing agreement for the Quarter ended 30th September,2010-Opening Balance - Nil, Additions - 5, Disposals - 5, Closing Balance - Nil

4. Figures of the previous year/quarter/half year have been regrouped / re arranged wherever necessary.

5. The Manufacture and sales of FABRICS and APPARELS in which the Company is mainly engaged, considering the nature of the business, is only a single reportable segment as TEXTILES.

 

Coimbatore
Dated 8th November, 2010

By Order Of the Board

  
  KG BAALAKRISHNAN
  EXECUTIVE CHAIRMAN

 

Statement of Assets & Liabilities as at 30th September 2010 (Standalone)
(Rs.Lakhs)
Particulars
Quarter Ended
30.09.2010
30.09.2009
(Un Audited)
 
1
Shareholder's Fund
 
  
(a) Capital
2567
2567
(b) Reserves & Surplus
1883
1553
2
Loan Funds
10621
12218
3
Provision for Deferred Tax(Net)
768
804
 
Total
15839
17142
1
Fixed Assets(Net)
10672
11795
2
Investments
532
532
3
Current Assets, Loans & Advances
(a) Inventories
5654
5554
(b) Sundry Debtors
3984
3205
(c) Cash and Bank Balances
548
636
(d) Loans and Advances
1578
1905
(e) Other Current Assets
291
203
 
Less Current Liabilities & Provision    
   
(a) Current Liabilities
7276
6553
(b) Provisions
144
135
 4
Miscellaneous Expenses (Not Written Off or Adjusted)
0
0
Total
15839
17142

 

 

Coimbatore
Dated 8th November, 2010

  By Order Of the Board

  
  KG BAALAKRISHNAN
  EXECUTIVE CHAIRMAN