SRI NACHAMMAI COTTON MILLS LIMITED

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

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 30TH JUNE, 2011.

SL.NO

PARTICULARS

    3 MONTHS ENDED 30.06.2011

   CORRES- PONDING 3 MONTHS ENDED IN THE PREVIOUS YEAR 30.06.2010

YEAR TO DATE FIGURES FOR  CURRENT PERIOD ENDED 31.03.2011

CURRENT YEAR ENDED 30.06.2011

PREVIOUS ACCOUNTING

YEAR ENDED

 30.06.2010

                                                                                      (Rs. In Lakhs)

 

 

(AUDITED)

(AUDITED)

(UNAUDITED)

(AUDITED)

(AUDITED)

 

(1)

(2)

(3)

(4)

(5)

(6)

1

(a)   Net Sales / Income from Operations

(b)  Other Operating Income

2,064.03

16.47

3,423.91

--

10,608.51

64.05

12,672.54

80.52

11,512.35

99.31

2,080.50

3,423.91

10,672.56

12,753.06

11,611.66

2

Expenditure

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

b)    Consumption of Raw Materials

c)     Power and fuel

d)    Employees Cost

e)    Stores and Spares

f)   Repairs & Maintenance

g)  Conversion Charges

h)  Lease Rent

 i)    Depreciation

 j)    Other Expenditure

k)    Total

 

 

(1,168.31)

2,642.60

260.22

220.70

91.90

84.07

32.56

45.00

76.48

(15.50)

2,269.72

 

 

(116.60)

1,985.72

495.45

258.46

135.92

68.24

53.59

45.00

62.07

75.40

3,063.25

 

 

(2,050.63)

7,984.73

1,246.74

929.15

804.52

329.07

132.76

135.00

241.18

276.26

10,028.78

 

 

(3,218.94)

10,627.33

1,506.96

1,149.85

896.42

413.14

165.32

180.00

317.66

260.76

12,298.50

 

 

(59.33)

6,797.93

1,430.86

879.33

495.33

175.94

200.48

124.83

216.74

278.85

10,540.96

3

Profit from Operations before Other Income,

Interest & Exceptional Items (1-2)

(189.22)

360.66

643.78

454.56

1,070.70

4

Other Income

5.24

0.80

12.75

17.99

16.62

5

Profit before Interest & Exceptional Items (3+4)

(183.98)

361.46

656.53

472.55

1,087.32

6

Interest

245.99

112.44

472.28

718.27

465.89

7

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

(429.97)

249.02

184.25

(245.72)

621.43

8

Exceptional Items

--

3.14

--

--

3.14

9

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

(429.97)

252.16

184.25

(245.72)

624.57

10

Tax Expenses

(i)             Current Tax (MAT)

(ii)            Deferred Tax (Liability)/Asset

(iii)           MAT Credit Entitlement

(iv)          Excess income tax provision reserved

 

(60.70)

107.79

60.70

9.64

 

 

45.97

 

112.64

(197.48)

(112.64)

 

 

51.94

(89.69)

(51.94)

9.64

 

23.20

105.15

(23.20)

 

11

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

(312.54)

298.13

(13.23)

(325.77)

519.42

12

Extraordinary Item (net of tax expense Rs……)

--

--

--

--

--

13

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

(312.54)

298.13

(13.23)

(325.77)

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

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)

 

(7.29)

 

 

(7.29)

 

6.96

 

 

6.96

 

(0.31)

 

 

(0.31)

 

(8.81)

 

 

(8.81)

 

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

SRI NACHAMMAI COTTON MILLS LIMITED

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

STATEMENT OF ASSETS AND LIABILITIES AS ON 30.06.2011

 

Particulars

(Rs. In lakhs)

(Rs. In lakhs)

30.06.2011

30.06.2010

Audited

Audited

SHAREHOLDERS’ FUNDS:

 

 

(a)   Capital

428.64

428.64

(b)   Reserve and Surplus

659.65

659.65

LOAN FUNDS

6,892.00

4,721.64

DEFERRED TAX LIABILITY

81.67

--

TOTAL

8,061.96

5,809.93

 

 

 

FIXED ASSETS

2,903.79

2,335.39

INVESTMENTS

15.63

15.63

DEFERRED TAX ASSETS

--

8.02

CURRENT ASSETS, LOANS AND ADVANCES

 

 

(a)   Investories

5,499.44

4,154.87

(b)   Sundry Debtors

1,113.52

1,157.78

(c)   Cash and Bank balances

340.17

169.90

(d)   Other current assets

29.82

51.26

(e)   Loans and Advances

713.05

514.62

A

7,696.00

6,048.43

Less: Current Laibilities and Provisions

 

 

(a)   Liabiliies

2,923.64

2,629.16

(b)   Provisions

17.85

30.64

B

2,941.49

2,659.80

NET CURRENT ASSETS(A-B)

4,754.51

3,388.63

MISCELLANEOUS EXPENDITURE      (NOT WRITTEN OFF OR ADJUSTED)

 

--

 

--

PROFIT AND LOSS ACCOUNT

388.03

62.96

TOTAL

8,061.96

5,809.93

 

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 25th August 2011.

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. 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.

 

4. The details of numbers of Investors Grievances for the Quarter ended 30.06.2011: 

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

5. 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

25.08.2011                                                                                                                                                         

Corporate Governance 30.06.11

Corporate Governance 30.06.12

Corporate Governance 30.09.12

Corporate Governance 31.12.12

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