|
 |
| |
| Home
» Investor Relations » Quarterly
Published Results |
 |
| Audited Financial Results for the Year ended 31st March, 2008 |
| (Rs. in lacs) |
|
| Sr. No. |
Particulars |
Quarter
ended
31-Mar-08 |
Quarter
ended
31-Mar-07 |
Current
year ended
31-Mar-08 |
Previous
year ended
31-Mar-07 |
| |
(Unaudited) |
(Unaudited) |
(Audited) |
(Audited) |
| 1 |
Gross Sales/ Income form operations |
7,584 |
7,081 |
26,620 |
22,539 |
| |
Less: Excise Duty |
822 |
865 |
3,020 |
2,845 |
| |
Net Sales/Income from operations |
6,762 |
6,216 |
23,600 |
19,694 |
| 2 |
Other Income |
219 |
330 |
680 |
700 |
| 3 |
Total Income (1+2) |
6,981 |
6,546 |
24,280 |
20,394 |
| 4 |
Expenditure |
|
|
|
|
| |
(a) Increase (-) / decrease (+) in stock in trade and work in progress |
33 |
266 |
167 |
-329 |
| |
(b) Consumption of raw materials and components |
2,809 |
2,254 |
9,768 |
7,715 |
| |
(c) Employees Cost |
1,068 |
906 |
3,914 |
3,442 |
| |
(d) Power and fuel |
635 |
534 |
2,222 |
2,008 |
| |
(e) Depriciation |
225 |
270 |
959 |
1,009 |
| |
(f) Other expenditure |
1,322 |
1,326 |
4,961 |
4,411 |
| |
(g) Total |
6,092 |
5,556 |
21,991 |
18,256 |
| 5 |
Interest |
190 |
229 |
815 |
966 |
| 6 |
Exceptional Items |
- |
- |
- |
- |
| 7 |
Profit(+)/Loss(-) from Ordinary Activities before tax (3)-(4+5+6) |
699 |
761 |
1,474 |
1,172 |
| 8 |
Tax expenses |
|
|
|
|
| |
- Current Tax |
130 |
80 |
230 |
130 |
| |
Less : MAT set-off availed |
-53 |
- |
-53 |
- |
| |
- Deferred Tax |
80 |
158 |
258 |
158 |
| |
- Fringe Benefit Tax |
8 |
4 |
31 |
24 |
| |
- Excess provision for Fringe Benefit Tax in respect of previous year written back |
- |
-3 |
- |
-19 |
| 9 |
Net Profit(+)/Loss(-) from Ordinary Activities after tax (7-8) |
534 |
522 |
1,008 |
879 |
| 10 |
Extraordinary Items (net of tax expense) |
- |
- |
- |
- |
| 11 |
Net Profit(+)/Loss(-) (9-10) |
534 |
522 |
1,008 |
879 |
| 12 |
Paid up equity share capital (Face value Rs. 10/- per share) |
782 |
782 |
782 |
782 |
| 13 |
Reserves including balance in profit & loss account but excluding revaluation reserve |
- |
- |
2,791 |
2,235 |
| 14 |
Earning Per Share (EPS) |
|
|
|
|
| (a) Basic and Diluted EPS before Extraordinary items |
6.76 |
6.83 |
12.59 |
11.43 |
| (b) Basic and Diluted EPS after Extraordinary items |
6.76 |
6.83 |
12.59 |
11.43 |
| 15 |
Public shareholding |
|
|
|
|
| |
- Number of shares |
3,714,358 |
5,264,741 |
3,714,358 |
5,264,741 |
| |
- Percentage of shareholding |
47.51% |
67.34% |
47.51% |
67.34% |
 Notes |
| 1 |
The above financial results as reviewed and recommended by the Audit Committee have been approved by the Board of Directors at its meeting held on 28th May, 2008. |
| 2 |
The board has recommended cumulative preference dividend of Rs. 193.60 lacs including arrears of cumulative preference dividend of Rs. 172.75 lacs. |
| 3 |
The board has recommended dividend @ 10% on equity shares. |
| 4 |
The Accounting Standard-15 on the ‘Employee benefits’ prescribed by the Central Government, has become applicable to the Company from the 1st April, 2007. In accordance with the transitional provisions specified in the said Accounting Standard Rs.134.12 lacs [(net of deferred tax assets of Rs.68.04 lacs (net)] has been adjusted against the General Reserve as at 1st April, 2007 and Rs. 49.12 lacs being the liability for terminal ex-gratia as at 1st April, 2007 which was until the previous year accounted when due to the vested employees on completion of employment, has been debited to the Profit and Loss account. |
| 5 |
The Company is primarily engaged in the Automotive Gears business. As such there is no other separate reportable segment as defined by Accounting Standard - 17 “Segment Reporting " prescribed by the Central Government. |
| 6 |
No investor complaint was pending as at the beginning of the quarter. Further four investor complaints were received and resolved during the quarter. No investor complaint was pending as at the end of the quarter. |
| 7 |
Previous periods figures have been regrouped / recasted wherever necessary. |
Place - Mumbai
Date - 28th May, 2008
|
For and on behalf of the Board of Directors
SURINDER P.KANWAR
Chairman & Managing Director |
|
|
