SRI NACHAMMAI COTTON MILLS LIMITED

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

UNAUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2011.

SL.NO

PARTICULARS

(Rs. In Lakhs)

    3 MONTHS ENDED 31.03.2011

   CORRES- PONDING 3 MONTHS ENDED IN THE PREVIOUS YEAR 31.03.2010

YEAR TO DATE FIGURES FOR  CURRENT PERIOD ENDED 31.03.2011

YEAR TO DATE FIGURES FOR PREVIOUS PERIOD 31.03.2010

PREVIOUS ACCOUNTING YEAR ENDED 30.06.2010

 

 

UNAUDITED

UNAUDITED

UNAUDITED

UNAUDITED

AUDITED

 

(1)

(2)

(3)

(4)

(5)

(6)

1

(a)   Net Sales / Income from Operations

(b)  Other Operating Income

3,687.34

--

3,295.32

--

10,608.51

--

8,088.44

--

11,512.35

--

3,687.34

3,295.32

10,608.51

8,088.44

11,512.35

2

Expenditure

a)     Increase (-) / Decrease (+) in Stock in Trade and Work in progress

b)    Consumption of Raw Materials

c)     Purchase of traded goods

d)    Employees Cost

e)    Stores and Spares Cost

f)     Depreciation

g)     Other Expenditure

h)    Total

 

 

(304.90)

2,813.96

404.34

326.27

267.53

91.23

357.11

3,955.54

 

 

310.57

1,740.95

338.73

236.15

126.25

53.20

223.11

3,028.96

 

 

(2,050.63)

7,984.73

1,246.74

929.15

804.52

241.18

873.09

10,028.78

 

 

57.27

4,810.44

935.41

620.87

359.41

154.67

571.38

7,509.45

 

 

(59.33)

6,796.16

1,430.86

879.33

495.33

216.74

798.26

10,557.35

3

Profit from Operations before Other Income,

Interest & Exceptional Items (1-2)

(268.20)

266.36

579.73

578.99

955.00

4

Other Income

45.84

45.46

76.80

130.48

115.93

5

Profit before Interest & Exceptional Items (3+4)

(222.36)

311.82

656.53

709.47

1,070.93

6

Interest

188.43

110.36

472.28

337.06

449.50

7

Profit after Interest but before Exceptional Items (5-6)

(410.79)

201.46

184.25

372.41

621.43

8

Exceptional Items

--

--

--

--

3.14

9

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

(410.79)

201.46

184.25

372.41

624.57

10

Tax Expenses

(i)             Current Tax (MAT)

(ii)            Deferred Tax Liability

(iii)           MAT Credit Entitlement

 

(80.01)

(54.49)

80.01

 

 

151.12

 

112.64

197.48

(112.64)

 

 

151.12

 

23.20

105.15

(23.20)

11

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

(356.30)

50.34

(13.23)

221.29

519.42

12

Extraordinary Item (net of tax expense Rs……)

--

--

--

--

--

13

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

(356.30)

50.34

(13.23)

221.29

519.42

14

Paid-up equity share Capital

(Face value of the Share shall be indicated)

428.64

428.64

428.64

428.64

428.64

15

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

--

--

--

--

659.65

16

Earnings Per Share (EPS)

(a)   Basic and diluted EPS before Extraordinary items for the period, for the year to date and for the previous year (not to be annualized)

(b)   Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year (not to be annualized)

 

(8.31)

 

(8.31)

 

1.17

 

1.17

 

(0.31)

 

(0.31)

 

5.16

 

5.16

 

11.58

 

11.58

17

Public shareholding

Number of shares

Percentage of Shareholding

 

19,70,769

45.83

 

19,70,769

45.83

 

19,70,769

45.83

 

19,70,769

45.83

 

19,70,769

45.83

18

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

-       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

--

--

 

 

--

 

 

23,29,231

100

 

 

54.17

 

NA

--

--

 

 

--

 

 

23,29,231

100

 

 

54.17

 

NA

--

--

 

 

--

 

 

23,29,231

100

 

 

54.17

 

NA

--

--

 

 

--

 

 

23,29,231

100

 

 

54.17

 

NA

--

--

 

 

--

 

 

23,29,231

100

 

 

54.17

NOTES:

1. The above un-audited financial results were reviewed by the audit committee and approved by the Board of Directors at their meeting held on 5th May 2011.

2. The above unaudited financial results were subjected to Limited Review by the statutory auditors.

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

4. Auditors Remarks:

   Non-availability of confirmation in respect of sundry debtors, sundry creditors and loans and advances.

   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 31.03.2011: 

    [Beginning: Nil, Received: Nil, Disposed Off: Nil and Pending: Nil].

6. 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

05.05.2011                                                                                                                                                         

 

 

Corporate Governance

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