CONSOLIDATED AUDITED FINANCIAL RESULTS
OF SPENTEX INDUSTRIES LTD AND
ITS SUBSIDIARIES FOR THE YEAR ENDED MARCH 31, 2007
(Rs.In.Lacs)
|
|
CONSOLIDATED
|
STANDALONE |
| |
PARTICULARS |
Nine
months
ended
31.12.2006
(Unaudited) |
Quarter
ended
31.03.2007
(Unaudited) |
Year
ended
31.03.2007
Audited) |
Nine
months
Ended
31.12.2006
(Reviewed) |
Quarter
Ended
31.03.2007
(Unaudited) |
Quarter
Ended
31.03.2006
(Unaudited) |
Year
Ended
31.03.2007
(Audited) |
Year
Ended
31.03.2006
(Audited) |
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16. |
Net
Sales/ Income from Operations
Other Income
Total Expenditure :
a) (Increase) / Decrease in stock-in-trade
b) Consumption of Raw Materials, Spare Parts,
Stores and Packing Material
c) Cost of Traded Goods
d) Excise Duty
e) Staff Cost
f) Power and Fuel Cost
g) Other Expenditure
Profit before Interest, Depreciation
& Taxation (EBIDTA)
Interest
Profit after Interest but before Depreciation
and Taxation
Depreciation / Amortisation
Profit / (Loss) before Prior period Adjustment
Prior Period Adjustment
Profit/(Loss) before Tax
Provision for Taxation
Current Tax
Deferred Tax
Fringe Benefit Tax
Net Profit / (loss) after Tax
Minority Interest
Net Profit / (Loss)
Paid up Equity Share Capital
(Face Value Rs. 10/- each)
Reserves excluding Capital and Revaluation
Reserves
Earning / (Loss) Per Share (Not Annualised)
(Rs.)
Basic EPS
Diluted EPS
Aggregate of Non-Promoter Shareholding
Number of Shares
Percentage of Shareholding |
60,667.61
2,363.10
(3,168.99)
32,846.19
9,855.19
4,202.75
5,645.08
5,742.11
7,908.38
3,252.23
4,656.15
2,936.41
1,719.74
-
1,719.74
150.74
(40.99)
27.42
1,582.57
14.59
1,567.98
6,670.92
-
2.52
2.35
36,154,643
54.20% |
29,082.66
2,201.36
1,758.10
16,614.23
2,337.58
27.78
1,779.90
2,557.20
2,760.52
3,448.71
1,721.32
1,727.39
2,467.08
(739.69)
70.98
(668.71)
(81.04)
(435.73)
13.94
(165.88)
143.66
(309.54)
7,119.70
-
(0.46)
(0.46)
40,590,433
57.01% |
89,750.27
4,564.46
(1,410.89)
49,460.42
12,192.77
27.78
5,982.65
8,202.28
8,502.63
11,357.09
4,973.55
6,383.54
5,403.49
980.05
70.98
1,051.03
69.70
(476.72)
41.36
1,416.69
158.25
1,258.44
7,119.70
12,045.72
1.86
1.85
40,590,433
57.01%
|
52,451.35
2,444.96
(3,139.45)
26,279.95
12,622.09
-
3,210.97
4,910.52
4,695.70
6,316.53
3,113.50
3,203.03
1,884.99
1,318.04
-
1,318.04
148.66
27.21
25.59
1,116.58
-
1,116.58
6670.92
-
1.80
1.67
36,154,643
54.20% |
21,327.80
1,590.05
1,673.87
10,641.54
3,873.81
27.78
1,225.36
2,003.12
982.44
2,489.93
1,505.21
984.72
1,684.75
(700.03)
-
(700.03)
(78.96)
61.66
13.96
(696.69)
-
(696.69)
7119.70
-
(1.03)
(1.03)
40,590,433
57.01% |
8,472.16
425.05
222.84
1,574.14
5,336.45
-
280.99
348.11
378.13
756.55
180.86
575.69
262.83
312.86
-
312.86
36.20
358.03
6.12
(87.49)
-
(87.49)
5745.92
-
(0.15)
(0.15)
26,918,307
46.85% |
73,779.15
4,035.01
(1,465.58)
36,921.49
16,495.90
27.78
4,436.33
6,913.64
5,678.14
8,806.46
4,618.71
4,187.75
3,569.74
618.01
-
618.01
69.70
88.87
39.55
419.89
-
419.89
7119.70
11,268.87
0.62
0.62
40,590,433
57.01%
|
35,225.57
1,051.15
37.27
6,047.87
22,853.97
-
972.84
1,367.52
2,097.07
2,900.18
814.73
2,085.45
755.57
1,329.88
-
1,329.88
112.20
197.03
15.43
1,005.22
-
1,005.22
5745.92
5,150.66
2.31
2.31
26,918,307
46.85%
|
|
|
| Notes
:
1. The above results for the quarter and year
ended March 31, 2007 were taken on record at the
meeting of the Board of Directors held on June
30, 2007.
2. Sales Tax Exemption for the Butibori unit of
the Company had expired on December 31, 2005.
The Company has applied for an extension of 3
years w.e.f. January 1, 2006 to the Development
Commissioner (Industries),
Government of Maharashtra and also filed a petition
before the Hon’ble High Court, Nagpur to
grant relief on the said matter. Based on the
legal opinion obtained, the Company
has accrued VAT receivable amounting to
Rs. 301.86 lacs for the period January 1, 2006
to March 31, 2007.On the basis that the
sale tax exemption will be extended for a further
period of 3 years w.e.f.
January 1, 2006, Company has not made provision
for sales tax amounting to Rs. 552.44 lacs payable
on sales made during the year. This matter has
been qualified in the
auditor’s report for the year ended
March 31, 2007. The management is hopeful of obtaining
the exemption.
3. In accordance with the Accounting Standard
17 on Segment Reporting issued by The Institute
of Chartered Accountants of India, the Company
has identified three Business Segments viz., Textile
Manufacturing , Textile Trading and Other Trading.
Further , two Geographical Segments by location
of customers has been considered as Secondary
Segment viz, Export & Domestic. Accordingly,
segment disclosure has been done.
4. Other income includes income earned on ‘Contract
manufacturing’ carried out for Bombay Dying
and Manufacturing Company (‘BDMC’)
amounting to Rs. 444.04 lacs for quarter
ended March 31, 2007 (corresponding
previous quarter Rs. 70.04 lacs) and Rs. 1,180.37
lacs for the year ended March 31,2007 (corresponding
previous year Rs. 118.49 lacs).
5. There were no investor complaints pending at
the beginning of the quarter. 44 complaints were
received during the quarter and properly redressed
and there were no complaints pending at the end
of the quarter
6. The High Court of Delhi has approved on December
20, 2006, the scheme of Amalgamation (‘the
Scheme’) of the erstwhile Indo Rama Textiles
Limited (‘IRTL’) with the Company.
The Scheme became effective
on January 18, 2007 , operative retrospectively
from April 1, 2006, the Appointed Date as
per the Scheme. Accordingly, the whole of the
undertaking of IRTL has been
transferred to and vested in the Company
as a going concern and IRTL without any further
act has been dissolved without winding up. Accordingly
figures for the previous quarter and
year ended March 31, 2006
are not comparable.
7. As per the scheme above the Company has recorded
the assets at their fair values effective from
April 1, 2006 and accordingly difference in depreciation
for the entire year of Rs. 1,112.95 lacs
has been accounted during the quarter.
8. During the quarter, the Company has allotted
44,87,844 equity shares of Rs.10/- each on February
8, 2007 to the equity shareholders of IRTL
pursuant to the Scheme of Amalgamation in the
ratio of 90 shares of
the Company against 100 shares of erstwhile IRTL.
Consequent to the allotment of aforesaid
equity shares the paid-up share capital of the
company increased by the above
amount.
9. During the quarter, the Company has increased
its authorized share capital from 80,000,000 equity
shares of Rs. 10 each amounting to Rs. 800,000,000
to 114,000,000 equity shares of Rs. 10 each
amounting to Rs. 1,140,000,000 and 7,000,000 Preference
Shares of Rs. 10 each amounting to Rs. 70,000,000
consequent to the scheme of amalgamation approved
by Hon’ble High Court
of Delhi. |
REPOR
REPORTING TING OF SEGMENT--WISE REVENUE, RESUL
RESULTS TS AND CAPIT CAPITAL AL EMPLOYED
(Rs.In.Lacs)
|
| |
CONSOLIDATED
|
STANDALONE |
| |
PARTICULARS |
Nine
months
ended
31.12.2006
(Unaudited) |
Quarter
ended
31.03.2007
(Unaudited) |
Year
ended
31.03.2007
Audited) |
Nine
months
Ended
31.12.2006
(Reviewed) |
Quarter
Ended
31.03.2007
(Unaudited) |
Quarter
Ended
31.03.2006
(Unaudited) |
Year
Ended
31.03.2007
(Audited) |
Year
Ended
31.03.2006
(Audited) |
| |
A)
PRIMARY SEGMENT
1. Segment Revenue
a)
Textile - Manufacturing
b)
Textile - Trading
c)
Other - Trading
Total
Less
: Inter segment revenue
Net
Sales/ Income from operations
2. Segment Results
Profit
before tax and interest
a)
Textile - Manufacturing
b)
Textile - Trading
c)
Other - Trading
Total
Less
: i) Interest expense
ii)
Other unallocable expenses/(income) (net)
Profit
/ (Loss) before Tax
3. Capital Employed
(Segment
Assets - Segment Liabilities )
a)
Textile - Manufacturing
b)
Textile - Trading
c)
Other - Trading
Unallocated
TOTAL
B) SECONDARY
SEGMENT
(Geographical
by location of markets )
Segment
Revenue
a)
Export Sales
b)
Domestic Sales
Net
Sales/ Income from operations |
46,920.42
10,733.58
3,963.16
61,617.16
949.55
60,667.61
3,531.43
659.70
51.15
4,242.28
3,251.54
(729.00)
1,719.74
131,395.94
2,439.13
(48.19)
96,377.01)
37,409.87
35,023.44
25,644.17
60,667.61
|
29,208.25
3,739.94
841.17
33,789.36
4,706.70
29,082.66
789.95
66.49
316.11
1,172.55
1,722.01
119.25
(668.71)
113,142.60
1,612.76
403.37
88,052.51)
27,106.22
18,189.32
10,893.34
29,082.66
|
76,128.67
14,473.52
4,804.33
95,406.52
5,656.25
89,750.27
4,321.38
726.19
367.26
5,414.83
4,973.55
(609.75)
1,051.03
113,142.60
1,612.76
403.37
88,052.51)
27,106.22
53,212.76
36,537.51
89,750.27
|
38,704.17
10,733.58
3,963.16
53,400.91
949.56
52,451.35
3,207.94
659.70
51.16
3,918.80
3,113.50
(512.74)
1,318.04
75,170.37
2,439.13
(48.19)
46,947.84)
30,613.47
28,109.07
24,342.28
52,451.35
|
17,150.25
3,739.94
841.17
21,731.36
403.56
21,327.79
527.70
66.49
316.10
910.29
1,505.21
105.11
(700.03)
61,768.57
1,290.18
403.37
43,640.78)
19,821.34
9,814.64
11,513.16
21,327.80
|
2,330.79
4,693.98
1,470.08
8,494.85
22.69
8,472.16
430.18
(2.67)
35.24
462.75
180.86
(30.96)
312.85
19,413.51
2,560.82
271.82
8,821.38)
13,424.77
4,811.59
3,660.57
8,472.16
|
55,854.42
14,473.52
4,804.33
75,132.27
1,353.12
73,779.15
3,735.64
726.19
367.26
4,829.09
4,618.71
(407.63)
618.01
61,768.57
1,290.18
403.37
43,640.78)
19,821.34
37,923.71
35,855.44
73,779.15
|
9,561.29
14,980.08
10,877.22
35,418.59
193.02
35,225.57
1,812.66
383.92
231.99
2,428.57
814.73
283.96
1,329.88
19,413.51
2,560.82
271.82
8,821.38)
13,424.77
16,485.40
18,740.17
35,225.57
|
|
Place
: New Delhi
Data : 30.06.2007 |
BY
THE ORDER OF THE BOARD OF DIRECTORS
For SPENTEX INDUSTRIES LIMITED
MUKUND CHOUDHARY
MANAGING DIRECTOR |
|
|
|
