SRI NACHAMMAI COTTON MILLS LIMITED

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

 AUDITED RESULTS FOR THE  QUARTER AND YEAR ENDED 30th JUNE 2013

SL.NO

PARTICULARS

(Rs. In Lakhs)

    3 MONTHS ENDED 30.06.2013

(AUDITED)

   PRECEDING 3 MONTHS ENDED  31.03.2013

(UNAUDITED)

CORRESPONDING 3 MONTHS ENDED 30.06.2012 IN THE PREVIOUS YEAR (AUDITED)

AUDITED RESULTS FOR THE CURRENT YEAR ENDED 30.06.2013

AUDITED RESULTS FOR THE PREVIOUS YEAR ENDED 30.06.2012

1

Income from operations

 

(a)   Net Sales / Income from Operations

(b)  Other Operating Income

 

 

 

4,023.52

 

--

 

 

 

4,249.97

 

--

 

 

 

2,614.63

 

--

 

 

 

15,098.90

 

--

 

 

 

10,360.13

 

--

 

Total income from operation (net)

4,023.52

4,249.97

2,614.63

15,098.90

10,360.13

2

Expenses

a)     Cost of material consumed

b) Purchase of stock-in-trade

c) Changes in inventories of finished goods, work-in-progress and stock-in-trade

d) Employees benefit expense

e) Depreciation and amortisation expense

f) Power and fuel expenses

g) Stores & Spares

h) Other expenses

Total Expenses

 

2,624.64

               

--

 

 

 

(507.55)

         

 

      331.04

 

100.90

 

642.99

 

164.18

 

453.15

 

 

3,809.35

 

2,053.15

                     

--

 

 

 

391.25

 

 

293.57

 

97.81

          

       676.69

          

       134.07

          

       256.97

 

 

3,903.51

 

1,431.92

 

--

 

 

 

166.02

 

 

224.09

 

132.80

 

440.20

 

109.77

 

187.19

 

 

2,691.99

 

8,343.51

 

--

 

 

 

29.66

 

 

1,142.67

 

394.27

 

2,547.87

         

      493.94

 

1,158.69

 

 

14,110.61

 

5,516.48

 

--

 

 

 

1,845.25

 

 

792.66

 

                 371.55

 

1,189.22

                           

                 197.78

             

702.40

 

 

10,615.34

3

Profit / (Loss)from Operations before Other Income,

finance costs & exceptional Items (1-2)

214.17

346.46

(77.36)

988.29

(255.21)

4

Other Income

0.98

25.45

20.70

48.05

64.17

5

Profit / (Loss) from ordinary activities before finance costs & exceptional Items (3+4)

215.15

371.91

(56.66)

1,036.34

(191.04)

6

Finance costs

159.71

169.38

223.33

681.66

869.60

7

Profit / Loss from ordinary Activities after finance costs but before exceptional Items (5+6)

55.44

202.53

(279.99)

354.68

(1,060.64)

8

Exceptional Items

--

--

--

--

--

9

Profit (+) / Loss (-) from Ordinary Activities before tax (7+8)

55.44

202.53

(279.99)

354.68

(1,060.64)

10

Tax Expenses

 

i)  Deferred Tax (Liability)/ Asset

iii) Excess income tax provision reversed

 

 

(1.11)

(0.95)

 

 

(1.89)

3.64

 

 

131.64

--

 

 

(3.00)

2.69

 

 

286.16

--

 

 

11

Net Profit (+) / Loss (-) from Ordinary Activities after tax (9-10)

53.38

204.28

(148.35)

354.37

(774.48)

12

Net Profit (+) / Loss (-) for the period (11-12)

53.38

204.28

(148.35)

354.37

(774.48)

13

Net Profit / (Loss) after taxes, minority interest and share of profit / (loss) of associates (13+14+15)*

53.38

204.28

(148.35)

354.37

(774.48)

14

Paid-up equity share Capital (Face Value of Rs.10/- each)

Paid-up preference share Capital (Face Value of Rs.100/- each)

428.64

 

 

1,500.00

428.64

 

 

1,500.00

428.64

 

 

1,500.00

428.64

 

 

1,500.00

428.64

 

 

1,500.00

15

Reserve Excluding Revaluation Reserves as per balance sheet of previous accounting year

--

--

--

**659.65

**659.65

16.i

Earnings Per Share (before extraordinary items)

(of Rs.10/-each) (not annualised)

(a)   Basic

(b)   Diluted

 

 

 

 

1.25

 

 

 

 

4.77

 

 

 

 

(3.46)

 

 

 

 

8.27

 

 

 

 

(18.07)

16.ii

Earnings Per Share (after extraordinary items)

(of Rs.10/-each) (not annualised)

(a)   Basic

(b)   Diluted

** excluding accumulated loss of Rs.808.14/-lakhs (Previous year – Rs.1162.51 lakhs)

 

 

 

 

1.25

 

 

 

 

4.77

 

 

 

 

(3.46)

 

 

 

 

8.27

 

 

 

 

(18.07)

PART-II

(Rs. In Lakhs)

A

PARTICULARS OF SHAREHOLDING

 

 

 

 

 

1

a) Public shareholding(Equity)

    Number of Shares

    Percentage of Shareholding

b) Preference shares

 

1,962,785

45.65

--

 

1,962,785

45.65

--

 

1,970,759

45.83

--

 

1,962,785

45.65

--

 

1,970,759

45.83

--

2

Promoters and promoter group share holding

a)     Pledged / Encumbered

-       Number of Shares

-       Percentage of shares (as a % of the total shareholding of promoter and promoter group)

-       Percentage of shares (as a % of the total share capital of the company)

b)    Non -  encumbered

-       Number of Shares (Equity)

-       Percentage of shares (as a % of the total shareholding of promoter and promoter group)

-       Percentage of shares (as a % of the total share capital of the company)

 

c)    Non -  encumbered

-       Number of Shares (Preference)

-       Percentage of shares (as a % of the total shareholding of promoter and promoter group)

-       Percentage of shares (as a % of the total share capital of the company)

 

 

NA

--

--

 

--

 

 

 

               

 

2,337,215

 

 

 

54.35

 

 

100

 

               

 

1,500,000

 

 

 

100

 

 

100

 

 

NA

--

--

 

--

 

          

 

 

         

2,337,215

 

 

 

54.35

 

 

100

 

 

 

    1,500,000

 

 

 

100

 

 

100

 

 

NA

--

--

 

--

 

              

 

 

 

        23,29,241

 

 

 

54.17

 

 

100

 

 

 

1,500,000

 

 

 

100

 

 

100

 

 

NA

--

--

 

--

 

 

 

               

 

2,337,215

 

 

 

54.35

 

 

100

 

 

 

1,500,000

 

 

 

100

 

 

100

 

 

NA

--

--

 

--

 

 

 

 

 

23,29,241

 

 

 

54.17

 

 

100

 

 

 

1,500,000

 

 

 

100

 

 

100

Particulars

3 months ended  (30.06.2013)

B

INVESTOR COMPLAINTS

Pending at the beginning of the quarter, Received during the quarter, Disposed of during the quarter, Remaining unresolved at the end of the quarter

 

 

Nil

SRI NACHAMMAI COTTON MILLS LIMITED

 

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

 

STATEMENT OF ASSETS AND LIABILITIES AS ON 30.06.2013

Particulars

(Rs. In lakhs)

(Rs. In lakhs)

30.06.2013

30.06.2012

Audited

Audited

A.    EQUITY AND LIABILITIES

 

 

1.     SHAREHOLDERS’ FUNDS:

 

 

a.     Share Capital

1,928.64

1,928.64

b.    Reserve and Surplus

(148.49)

(502.86)

        Sub-Total – Shareholder’s funds

1,780.15

1,425.78

2.     Non – current liabilities

 

 

a.     Long-term borrowings

3,104.68

3,222.91

b.    Deferred tax liabilities (net)

--

--

       Sub-total – Non-current liabilities

3,104.68

3,222.91

3.     Current liabilities

 

 

a.     Short-term borrowings

3,447.49

3,051.44

b.    Trade payables

530.90

626.40

c.     Other current liabilities

838.33

764.94

d.    Short-term provisions

0.35

0.30

               Sub-total – Current liabilities

4,817.07

4,443.08

TOTAL – EQUITY AND LIABILITIES

9,701.90

9,091.77

B.    ASSETS

 

 

1.     Non-current assets

 

 

a.     Fixed assets

 

 

                       Tangible assets

2,566.87

2,835.50

                       Capital work in process

16.47

--

b.    Non-current investments

15.63

15.63

c.     Deferred tax assets (net)

201.49

204.49

d.    Long-term loans and advances

315.62

345.44

e.     Other non-current assets

13.22

19.78

           Sub-total – Non-current assets

3,129.30

3,420.84

2.     Current assets

 

 

a.     Current investments

 

 

b.    Inventories

4,618.77

4,226.41

c.     Trade receivables

1,395.28

1,244.01

d.    Cash and cash equivalents

370.46

140.70

e.     Short-term loans and advances

162.68

43.93

f.     Other current assets

25.41

15.88

                 Sub-total – Current assets

6,572.60

5,670.93

TOTAL - ASSETS

9,701.90

9,091.77

 

 

NOTES:

1.The above Audited financial results were reviewed by the audit committee and approved by the Board of Directors at their meeting held on 22nd

August, 2013.

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

3. The figures of the last quarter ended 30th June 2013 are the balancing figures between audited figures  inrespect  of the full financial year and the year to date figures  upto  31st  March 2013  as  stated  above.

4.  Figures have been regrouped / re-arranged wherever necessary.

 

 

By Order of the Board

For SRI NACHAMMAI COTTON MILLS LIMITED

 P.PALANIAPPAN

CHAIRMAN CUM MANAGING DIRECTOR

SALEM

22.08.2013                                                                                                                                                         


Corporate Governance MAR-2013

Corporate Governance JUN-2013

Corporate Governance SEP-2013

Corporate Governance DEC-2013

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