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| AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31,
2006 (Rs. i n Lacs) |
Sr. No. |
Particular |
9 months Ended 31.12.2005
Reviewed |
Fourth Quarter Ended |
Year Ended |
Consolidated **
Year Ended |
31.03.2006
(Unaudited) |
31.3.2005
(Unaudited) |
31.03.2006
(Audited) |
31.03.2005
(Audited) |
31.03.2006
(audited) |
31.03.2005
(Audited) |
| 1. |
Sale of Stock - Shares |
723.22 |
236.35 |
317.76 |
959.57 |
1203.93 |
959.57 |
1203.93 |
| 2. |
Other Income |
114.98 |
11.30 |
8.50 |
126.28 |
95.43 |
128.19 |
87.53 |
| 3. |
Profit/(Loss) on sale of Investment |
1169.94 |
1038.75 |
468.49 |
2208.69 |
1050.33 |
2208.69 |
1050.33 |
| 4. |
Total Expenditure
(Excluding Interest & Depreciation |
- |
- |
- |
- |
- |
- |
- |
| |
a) (Increase) / Decrease in Stock |
184.97 |
(62.72) |
(41.39) |
122.25 |
(516.07) |
122.25 |
(516.07) |
| |
b) Purchase of Stock |
446.89 |
238.90 |
326.46 |
685.79 |
1610.54 |
685.9 |
1610.54 |
| |
c) Staff Cost |
- |
- |
- |
- |
- |
- |
- |
| |
d) Other Expenditure |
433.65 |
243.95 |
38.15 |
677.60 |
212.56 |
687.56 |
212.65 |
| 5. |
Interest |
- |
- |
- |
- |
- |
- |
- |
| 6. |
Profit before Depreciation & Tax |
942.63 |
866.2 |
41.53 |
1808.90 |
1042.66 |
1800.85 |
1034.67 |
| 7. |
Less : Depreciation |
33.44 |
12.19 |
10.05 |
45.63 |
40.22 |
45.53 |
40.22 |
| 8. |
Less Provision for Current Tax |
88.00 |
109.00 |
20.36 |
197.00 |
50.36 |
197.00 |
50.36 |
| 9. |
Less Provision for Deferred Tax |
(6.54) |
23.36 |
- |
16.82 |
- |
16.82 |
- |
| 10. |
Profit after Tax |
827.73 |
68.48 |
440.64 |
1549.45 |
952.08 |
1541.40 |
944.09 |
| 11. |
Add/(Less) : Short Provision |
- |
(34.24) |
(0.48) |
(34.24) |
(0.48) |
(34.24) |
(0.48) |
| 12. |
Add: Share of Profit from Associate |
- |
- |
- |
- |
- |
37.73 |
70.54 |
| 13. |
Profit for the year |
827.73 |
687.48 |
440.64 |
1515.21 |
951.60 |
1544.89 |
1014.15 |
| 14. |
Equity Share Capital |
96.00 |
96.00 |
24.00 |
96.00 |
24.00 |
96.00 |
24.00 |
| 15. |
Reserves (Excluding Reval. Res.) |
- |
- |
- |
6,134.45 |
5,074.36 |
6,371.09 |
5,292.62 |
| 16. |
Earning per Share of Rs. 2/-
Basic & Diluted (not annualised) (Rs.) |
17.24 |
14.32 |
9.18 |
31.57 |
19.83 |
32.19 |
21.13 |
| 17. |
aggregate of non-promoter shareholding |
- |
- |
- |
- |
- |
- |
- |
| |
No of shares |
623463 |
623463 |
27960 |
623463 |
27960 |
623463 |
27960 |
| |
% of holding |
12.99 |
12.99 |
11.65 |
12.99 |
11.65 |
12.99 |
11.65 |
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NOTES :
- The above results have been taken on record by the Board of
Directors of the Company at the its meeting held on April 22, 2006.
- Previous year figures have been regrouped, rearranged where
necessary.
- The Company operates in one segment only, viz Investments.
- The
Board of Directors have recommended a dividend of Rs. 5/- (250%) per
equity share and the special silver jubilee divided of Rs. 2/- (100%) per
equity share (aggregating to Rs. 7/- (350%) per share of Rs. 2/- each for
the financial year ended 31-3-2006, subject to approval of shareholders at
the Annual General Meeting.
- There were no pending investors
complaints at the beginning of the Quarter. During the quarter no
complaints were received and no complaints were pending at the end of the
quarter.
- During the quarter ended 31.03.2006, the company has not
taken credit for Rent Income of Rs. 2.49 Lacs in the books of account as
the same is doughtful of recovery. Further, the company has also debited
to Other Income a sum of Rs. 7.4 Lacs being Rent Income of the nine month
ended 31.12.2005.
- * During the year, Equity share of Rs. 10/- each
fully paid up were sub-divided into Equity share of Rs. 2/- each, fully
paid. Further 3600000 Equity shares of Rs. 2/- each, fully paid issued as
bonus shares by capitalising Rs. 72 Lacs of of General Reserve.
Consequent to above, the Earning per share for the prior periods have been
restated taking in to account the above effect for sub-division and bonus
issue.
- ** Consolidated Financial Statements.
During the financial year, the company has disposed off investments in its
subsidiary, viz Sammellan Investment & Trading Ltd. The financial
statement of the company and associates are prepared in accordance with
the principles and procedures for the preparation and presentation as set
out in the Accounting Standards (AS21 & AS23) issued by the ICAI.
The financial statement have been combined on a line-by-line basis by
adding together like items of assets, liabilities income & expense.
The intra-group balances and intra-group transactions and unrealised
profits and loses are eliminated. The consolidated financial statements
have been prepared using uniform accounting policies.
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