SRI NACHAMMAI COTTON MILLS LIMITED

Regd. Office: 30, Sugavaneswara Road, Balaji Nagar, Salem - 636 004.

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 30TH JUNE, 2006.

SL.NO

PARTICULARS

(Rs. In Lakhs)

        (1)        FIGURES FOR THE 9 MONTHS

        (2)       FIGURES FOR THE LAST QUARTER

    (3)     FIGURES FOR THE CORRES- PONDING QUARTER OF THE PREVIOUS YEAR

(4) AUDITED FIGURES FOR THE CURRENT YEAR (30.06.2006)

(5) AUDITED FIGURES FOR THE PREVIOUS YEAR (30.06.2005)

1

NET SALES / INCOME FROM OPERATIONS

6539.49

2300.05

2435.21

8839.54

8495.80

2

OTHER INCOME

62.63

59.02

32.32

121.65

105.63

3

TOTAL EXPENDITURE

 

A) Increase (-) / Decrease (+) in Stock in Trade

B) Consumption of Raw Materials

C) Staff Cost

D) Power and Fuel

E) Other Expenditure

 

 

590.26

3359.68

601.49

789.13

866.08

 

 

(141.55)

1469.07

192.61

283.22

267.90

 

 

488.59

1048.29

177.76

258.54

249.94

 

 

448.71

4828.75

794.10

1072.35

1133.98

 

 

336.36

5106.00

751.18

1019.42

918.10

4

INTEREST

235.65

67.15

57.66

302.80

273.79

5

DEPRECIATION

140.33

60.67

36.09

201.00

154.81

6

PROFIT (+) / LOSS (-) BEFORE TAX AND EXTRA ORDINARY ITEMS ((1+2) - (3+4+5))

19.50

160.00

150.66

179.50

41.77

7

EXTRA ORDINARY ADJUSTMENTS (Net)

--

--

20.42

--

20.42

8

PROFIT BEFORE TAX

19.50

160.00

130.24

179.50

21.35

9

PROVISION FOR TAX

a) CURRENT FAX

b) DEFERRED TAX LIABILITY / (ASSET)

c) FRINGE BENEFIT TAX

 

--

--

1.58

 

14.07

56.62

0.28

 

--

4.99

0.40

 

14.07

56.62

1.86

 

--

4.99

0.40

10

NET PROFIT (+) / LOSS (-) (8-9)

17.92

89.03

124.85

106.95

15.96

11

PAID-UP EQUITY SHARE CAPITAL              

 FACE VALUE OF Rs.10/= EACH

428.64

428.64

428.64

428.64

428.64

12

RESERVES EXCLUDING REVALUATION RESERVES 

--

--

--

745.95

684.13

13

BASIC AND DILUTED EPS (Rs.)

--

--

--

2.50

0.37

14

AGGREGATE OF PUBLIC SHAREHOLDING

 

- NO. OF SHARES

- PERCENTAGE OF SHAREHOLDING

 

 

2079438

48.36

 

 

2079438

48.36

 

 

2079438

48.36

 

 

2079438

48.36

 

 

2079438

48.36

NOTES:

1. The Board of Directors has recommended 12.5% dividend on equity shares for the year ended 30th June 2006.

2. The Company has only single reportable Business Segment i.e. 'Yarn Segement' and hence segmental reporting (Accounting Standard 17) is not presently applicable.

3. Modernisation and Technological upgradation project(TUF phase I) involving an outlay of Rs.1400 lacs has been completed as per schedule.

4. Auditors Remarks:

(a)   Non-Reconciliation / Confirmation of balances of sundry debtors, sundry creditors, advances and provisions thereof bad and doubtful debts / advances if any required and non-quantifiable. 

Reply to Auditors remarks:

Balances of certain sundry debtors, advances and sundry creditors are subject to confirmation / reconciliation  as the Company has received replies only from few parties for the confirmation statements sent by the Company.

5. The details of numbers of Investors Grievances for the Quarter ended 30.06.2006: Beginning: Nil, Received: Nil, Disposed Off: Nil and Pending: Nil.

6. The Figures have been regrouped  / re-arranged wherever necessary.

7. The above results are taken on record by the Board of Directors at the Meeting held on 23.08.2006.

By Order of the Board

For SRI NACHAMMAI COTTON MILLS LIMITED

 P.PALANIAPPAN

CHAIRMAN CUM MANAGING DIRECTOR

SALEM

23.08.2006                                                                                                                                                         

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