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Financial Results
     
Quarter ended on 30th Des 2011
     
Quarter ended on 30th Sep 2011
     
Quarter ended on 30th June 2011
Quarter ended on 31st Mar 2011
Quarter ended on 30th Sep, 2010
Quarter ended on 30th June, 2010
Quarter ended on 31st Mar 2010
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Unaudited Financial Results
Unaudited Financial Results for the Quarter ended on 31st December 2011.(RsIn lacs)
SR NO. Particulars Quarter ended
(Unaudited)
Half Year ended
(Unaudited)
Year ended
(Audited)
31.12.11 30.09.11 31.12.10 31.12.11 31.12.10 31.03.11
1. a) Net Sales / Income from Operation
b) Other Operating Income
8049.31

0.00
8190.54

0.00
6000.96

0.00
23081.65

0.00
19673.19

0.00
28614.13

0.00
Total 8049.31 8190.54 6000.96 23081.65 19673.19 28614.13
2. Expenditure
a) (Increase) / Decrease in stock-in-trade and Work in Progress 413.68 185.05 332.42 801.55 (1582.29) (376.05)
b) Consumption of raw materials 6247.82 6449.78 4551.15 18192.43 17710.15 24283.07
c) Purchase of Traded Goods 0.00 0.00 0.00 0.00 0.00 0.00
d) Employees cost 141.59 160.91 96.67 405.31 289.66 398.07
e) Depreciation 171.45 173.53 143.89 491.01 458.65 595.87
f) Other Expenditure 703.43 803.33 479.25 2074.56 1634.63 2293.95
Total Expenditure 7677.97 7772.60 5603.38 21964.86 18510.80 27194.91
3. Profit from Operations before Other Income, Interest and Exceptional Items (1-2) 371.34 417.94 397.58 1116.79 1162.39 1419.22
4. Other Income 41.81 69.22 24.58 207.63 130.55 181.34
5. Profit before Interest and Exceptional Items (3+4) 413.15 487.16 422.16 1324.42 1292.94 1600.56
6. Interest 266.68 231.76 231.95 707.93 681.04 817.92
7. Profit after Interest but before Exceptional Items (5-6) 146.47 255.40 190.21 616.49 611.90 782.64
8. Exceptional Items 0.00 0.00 0.00 0.00 0.00 0.00
9. Profit / (Loss) from Ordinary activity before tax (7+8) 146.47 255.40 190.21 616.49 611.90 782.64
10) Tax Expenses
a) Current 29.53 47.27 38.78 126.40 124.79 194.04
b) Deferred (4.93) 14.29 21.71 8.99 (15.31) (66.43)
11. Net Profit / (Loss) from Ordinary Activities after tax (9-10) 121.87 193.84 129.72 481.10 502.42 655.03
12. Extra Ordinary Items (Net of Tax expenses Rs. Nil) 0.00 0.00 0.00 0.00 0.00 0.00
13. Net Profit/(Loss) for the period (11-12) 121.87 193.84 129.72 481.10 502.42 655.03
14. Paid-up equity share capital (Face value of Rs.10/- each) 597.50 597.50 497.49 597.50 497.49 597.49
15. Reserves/Profit & Loss Account excluding revaluation - reserves(as per balance sheet of previous accounting year.) 0.00 0.00 0.00 0.00 0.00 3350.51
16. Earning Per Share Before Extra Ordinary Items for the period (Rs.) (Not to be Annualised)
- Basic 1.99 3.29 2.60 8.05 9.95 13.13
- Diluted 1.99 3.29 2.48 8.05 9.48 13.13
17. Earning Per Share After Extra Ordinary Items for the period (Rs.) (Not to be Annualised)
- Basic 1.99 3.29 2.60 8.05 9.95 13.13
- Diluted 1.99 3.29 2.48 8.05 9.48 13.13
18. Aggregate of Non Promoting Shareholding
- No.of Shares 3046259 3046259 3046259 3046259 3046259 3046259
- Percentage of Shareholding 50.94% 50.94% 61.17% 50.94% 61.17% 50.94%
19. Promoters and Promoter Group Shareholding            
a) Pledged/Encumbered            
- Number of Shares 500000 500000 500000 500000 500000 500000
- Percentage of Shares (as a % of the total shareholding of promoter and promoter group) 17.04% 17.04% 25.86% 17.04% 25.86% 17.04%
- Percentage of shares (as a% of the total share capital of the company 8.36% 8.36% 10.04% 8.36% 10.04% 8.36%
b) Non-encumbered            
- Number of shares 2433741 2433741 1433741 2433741 1433741 2433741
- Percentage of shares (as a%of the total shareholding of Promoter and Promoter Group) 82.96% 82.96% 74.14% 82.96% 74.14% 82.96%
- Percentage of shares (as a%of the total share capital of the company) 40.70% 40.70% 28.79% 40.70% 28.79% 40.70%
Notes:
1. The above financial results have been approved by Audit Committee and Board of Directors in their meeting held on 24th Jnuary'2012.
2.
The Statutory Auditors have carried out limited review for the quarter ended on 31st December' 2011.
3.
The Company has only one segment of activity namely manufacturing of Cold Rolled Stainless Steel Strips/Coil.
4. Figures has been regrouped/rearranged wherever necessary.
5. Status of the investor's Complaints / Queries : No investor complaints were received.
Unaudited Financial Results
Unaudited Financial Results for the Quarter ended on 30th September 2011(RsIn lacs)
SR NO. Particulars Quarter ended
(Unaudited)
Half Year ended
(Unaudited)
Audited for the year ended
30.09.2011 30.09.2010 30.09.2011 30.09.2010 31.03.2011
1. a) Net Sales / Income from Operation
b) Other Operating Income
8190.54

0.00
7035.29

0.00
15032.34

0.00
13672.23

0.00
28614.13

0.00
Total 8190.54 7035.29 15032.34 13672.23 28614.13
2. Expenditure
a) (Increase) / Decrease in stock-in-trade and Work in Progress 185.05 (975.81) 387.87 (1914.71) (376.05)
b) Consumption of raw materials 6449.78 6737.48 11944.61 13159 24283.07
c) Purchase of Traded Goods 0.00 0.00 0.00 0.00 0.00
d) Employees cost 160.91 99.66 263.72 192.99 398.07
e) Depreciation 173.53 154.91 319.56 314.76 595.87
f) Other Expenditure 803.33 647.73 1371.13 1155.38 2293.95
Total Expenditure 7772.6 6663.97 14286.89 12907.42 27194.91
3. Profit from Operations before Other Income, Interest and Exceptional Items (1-2) 417.94 371.32 745.45 764.81 1419.22
4. Other Income 69.22 28.60 165.82 105.97 181.34
5. Profit before Interest and Exceptional Items (3+4) 487.16 399.92 911.27 870.78 1600.56
6. Interest 231.76 191.78 441.25 449.09 817.92
7. Profit after Interest but before Exceptional Items (5-6) 255.40 208.14 470.02 421.69 782.64
8. Exceptional Items 0.00 0.00 0.00 0.00 0.00
9. Profit / (Loss) from Ordinary activity before tax (7+8) 255.4 208.14 470.02 421.69 782.64
10) Tax Expenses
a) Current 47.27 43.41 96.87 86.01 194.04
b) Deferred 14.29 (23.96) 13.92 (37.02) (66.43)
11. Net Profit / (Loss) from Ordinary Activities after tax (9-10) 193.84 188.69 359.23 372.70 655.03
12. Extra Ordinary Items (Net of Tax expenses Rs. Nil) 0.00 0.00 0.00 0.00 0.00
13. Net Profit/(Loss) for the period (11-12) 193.84 188.69 359.23 372.70 655.03
14. Paid-up equity share capital (Face value of Rs.10/- each) 597.50 497.49 597.50 497.49 597.49
15. Reserves/Profit & Loss Account excluding revaluation - reserves(as per balance sheet of previous accounting year.) 0.00 0.00 0.00 0.00 3350.51
16. Earning Per Share Before Extra Ordinary Items for the period (Rs.) (Not to be Annualised)
- Basic 3.29 3.65 6.06 7.35 13.13
- Diluted 3.29 3.48 6.06 7.00 13.13
17. Earning Per Share After Extra Ordinary Items for the period (Rs.) (Not to be Annualised)
- Basic 3.29 3.65 6.06 7.35 13.13
- Diluted 3.29 3.48 6.06 7.00 13.13
18. Aggregate of Non Promoting Shareholding
- No.of Shares 3046259 3046259 3046259 3046259 3046259
- Percentage of Shareholding 50.94% 61.17% 50.94% 61.17% 50.94%
19. Promoters and Promoter Group Shareholding          
a) Pledged/Encumbered          
- Number of Shares 500000 500000 500000 500000 500000
- Percentage of Shares (as a % of the total shareholding of promoter and promoter group) 17.04% 25.86% 17.04% 25.86% 17.04%
- Percentage of shares (as a% of the total share capital of the company 8.36% 10.04% 8.36% 10.04% 8.36%
b) Non-encumbered          
- Number of shares 2433741 1433741 2433741 1433741 2433741
- Percentage of shares (as a%of the total shareholding of Promoter and Promoter Group) 82.96% 74.14% 82.96% 74.14% 82.96%
- Percentage of shares (as a%of the total share capital of the company) 40.70% 28.79% 40.7% 28.79% 40.70%
Unaudited Financial Results
STATEMENT OF ASSETS AND LIABILITIES
Sr no. PARTICULARS Unaudited Half Year Ended Audited Year
30.09.2011 30.09.2010 31.03.2011
1. SOURCES OF FUNDS      
  SHARE HOLDER'S FUND      
a) Share Capital 597.5 497.49 597.49
b) Equity Share Warrant 0.00 127.50 0.00
c) Reserve and Surplus 3712.92 2720.44 3350.51
2. LOAN FUND 7320.85 6702.62 7563.38
3. DEFERRED TAX LIABILITY (Net) 270.08 285.57 256.16
  TOTAL 11901.35 10333.62 11767.54
  APPLICATION OF FUNDS      
1. FIXED ASSETS 4656.33 3882.64 4699.29
2. INVESTMENTS 3.30 3.22 3.30
3. CURRENT ASSETS LOANS AND ADVANCES      
a) Inventories 5212.65 5531.80 3715.96
b) Sundry Debtors 8261.71 4860.48 7724.48
c) Cash nd Bank Balances 608.39 317.51 447.10
d) Loans and Advances 76.45 560.88 254.24
  Less: Current Liabilities and Provisions      
a) Liabilities 6892.87 4779.15 4952.84
b) Provisions 26.26 44.66 125.94
4. MISCELLANEOUS EXPENDITURE (Not Written Off Or Adjusted) 1.65 0.90 1.95
  TOTAL 11901.35 10333.62 11767.54
Notes:
1. The above financial results have been approved by Audit Committee and Board of Directors in their meeting held on 22nd October'2011.
2.
The Statutory Auditors have carried out limited review for the quarter ended on 30th September' 2011.
3.
The Company has only one segment of activity namely manufacturing of Cold Rolled Stainless Steel Strips/Coil.
4. Figures has been regrouped/rearranged wherever necessary.
5. Status of the investor's Complaints / Queries : No investor complaints were received.
Financial Results
Unaudited Financial Results for the Quarter ended on 30th June 2011.
(Rs In Lacs)
Sr no. Particulars Quarter Ended
(Unaudited)
Quarter Ended
(Unaudited)
Year Ended
(Audited)
30.06.2011 30.06.2010 31.03.2011
1. a) Net Sales / Income from
Operation
b) Other Operating Income
6841.80

0.00
6636.94

0.00
28614.13

0.00
  Total 6841.80 6636.94 28614.13
2. Expenditure      
a) (Increase) / Decrease in stock-in-trade and Work in Progress 202.82 (938.90) (376.05)
b) Consumption of raw materials 5494.83 6421.52 24283.07
c) Purchase of Traded Goods 0.00 0.00 0.00
d) Employees cost 102.81 93.33 398.07
e) Depreciation 146.03 159.85 595.87
f) Other Expenditure 567.80 507.65 2293.95
  Total Expenditure 6514.29 6243.45 27194.91
3. Profit from Operations before Other Income, Interest and Exceptional Items (1-2) 327.51 393.49 1419.22
4. Other Income 96.60 77.37 181.34
5. Profit before Interest and Exceptional Items (3+4) 424.11 470.86 1600.56
6. Interest 209.49 257.31 817.92
7. Profit after Interest but before Exceptional Items (5-6) 214.62 213.55 782.64
8. Exceptional Items 0.00 0.00 0.00
9. Profit / (Loss) from Ordinary activity before tax (7+8) 214.62 213.55 782.64
10. Tax Expenses      
a) Current 49.60 42.60 194.04
b) Deferred (0.37) (13.06) (66.43)
11. Net Profit / (Loss) from Ordinary Activities after tax (9-10) 165.39 184.01 655.03
12. Extra Ordinary Items (Net of Tax expenses Rs. Nil) 0.00 0.00 0.00
13. Net Profit/(Loss) for the period (11-12) 165.39 184.01 655.03
14. Paid-up equity share capital
(Face value of Rs.10/- each)
597.50 497.48 597.49
15. Reserves/Profit & Loss Account excluding revaluation -
reserves(as per balance sheet of previous accounting year.)
0.00 0.00 3350.51
16. Earning Per Share Before Extra Ordinary Items for the period (Rs.) (Not to be Annualised)      
- Basic 2.77 3.70 13.13
- Diluted 2.77 3.52 13.13
17. Earning Per Share After Extra Ordinary Items for the period (Rs.) (Not to be Annualised)
- Basic 2.77 3.70 13.13
- Diluted 2.77 3.52 13.13
18 Aggregate of Non Promoting Shareholding      
- No.of Shares 3046259 3044259 3046259
- Percentage of Shareholding 50.94% 61.13% 50.94%
19 Promoters and Promoter Group Shareholding      
a) Pledged/Encumbered      
- Number of Shares 500000 500000 500000
- Percentage of Shares (as a % of the total shareholding of promoter and promoter group) 17.04% 25.83% 17.04%
- Percentage of shares (as a% of the total share capital of the company) 8.36% 10.04% 8.36%
b) Non-encumbered      
- Number of shares 2433741 1435741 2433741
- Percentage of shares (as a% of the total shareholding of Promoter and Promoter Group) 82.96% 74.17% 82.96%
- Percentage of shares (as a% of the total share capital of the company) 40.70% 28.83% 40.70%
Notes:
1. The above financial results have been approved by Audit Committee and Board of Directors in their meeting held on 26th July'2011.
2.
The Statutory Auditors have carried out limited review for the quarter ended on 30th June' 2011.
3.
The Company has only one segment of activity namely manufacturing of Cold Rolled Stainless Steel Strips/Coil.
4. Figures has been regrouped/rearranged wherever necessary.
5. Status of the investor's Complaints / Queries : No investor complaints were received.
Financial Results
Audited Financial Results for the Quarter/Year ended on 31st March 2011.
Sr no. Particulars Quarter ended
(Audited)
Audited for the year ended
(Audited)
31.03.2011 31.03.2010 31.3.2011 31.03.2010
1. a) Net Sales/Income from Operation
b) Other Operating Income
8940.94

0.00
7127.64

0.00
28614.13

0.00
22428.63

0.00
  Total 8940.94 7127.64 28614.13 22428.63
2. Expenditure        
a) (Increase) / Decrease
in stock-in-trade and Work in Progress
1206.24 (480.49) (376.05) (1215.35)
b) Consumption of raw materials 6572.92 6373.56 24283.07 19418.36
c) Purchase of Traded Goods 0.00 0.00 0.00 0.00
d) Employees cost 108.41 103.47 398.07 352.00
e) Depreciation 137.22 215.04 595.87 620.82
f) Other Expenditure 659.32 692.80 2293.95 2218.08
  Total Expenditure 8684.11 6904.38 27194.91 21393.91
3. Profit from Operations before Other Income, Interest and Exceptional Items(1-2) 256.83 223.26 1419.22 1034.72
4. Other Income 50.79 70.22 181.34 353.34
5. Profit before Interest and
Exceptional Items(3+4)
307.62 293.48 1600.56 1388.06
6. Interest 136.88 104.98 817.92 676.67
7. Profit after Interest but before
Exceptional Items(5-6)
170.74 188.50 782.64 711.39
8. Exceptional Items 0.00 0.00 0.00 0.00
9. Profit/(Loss)from Ordinary activity
before tax (7+8)
170.74 188.50 782.64 711.39
10. Tax Expenses        
a) Current (Including Fringe Benefit & Wealth Tax) 69.25 32.07 194.04 121.05
b) Deferred (51.12) (25.40) (66.43) (37.29)
11. Net Profit/(Loss) from Ordinary
Activities after tax (9-10)
152.61 181.83 655.03 627.63
12. Extra ordinary Items (Net of Tax
expenses Rs.Nill)
0.00 0.00 0.00 0.00
13. Net Profit/(Loss) for the period(11-12) 152.61 181.83 655.03 627.63
14. Paid-up equity share capital
(Face value of Rs.10/- each)
597.49 497.48 597.49 497.48
15. Reserves/Profit & Loss Account excluding revalution-reserves(as per balance sheet of previous accounting year) 0.00 0.00 3350.51 2354.56
16. Earning Per Share After Extra Ordinary Items for the period (Rs.) (Not to be Annualised)        
- Basic 3.18 3.63 13.13 15.14
- Diluted 3.18 3.36 13.13 14.87
17. Earning Per Share After Extra Ordinary Items for the period (Rs.) (Not to be Annualised)
- Basic 3.18 3.63 13.13 15.14
- Diluted 3.18 3.36 13.13 14.87
18 Aggregate of Non Promoting Shareholding        
- No.of Shares 3046259 3044259 3046259 3044259
- Percentage of Shareholding 50.94% 61.13% 50.94% 61.13%
19 Promoters and Promoter Group Shareholding        
a) Pledged/Encumbered        
- Number of Shares 500000 500000 500000 500000
- Percentage of Shares (as a % of the total shareholding of promoter and promoter group) 17.04% 25.83% 17.04% 25.83%
- Percentage of shares (as a% of the total share capital of the company 8.36% 10.04% 8.36% 10.04%
b) Non-encumbered        
- Number of shares 2433741 1435741 2433741 1435741
- Percentage of Shares(as a % of the total shareholding of promoter and promoter group) 82.96% 74.17% 82.96% 74.17%
- Percentage of shares (as a%of the total share capital of the company) 40.7% 28.83% 40.7% 28.83%
Financial Results
STATEMENT OF ASSETS AND LIABILITIES (Rs. In Lacs)
Sr no. PARTICULARS As on 31.03.2011 (Audited) As on 31.03.2010 (Audited)
1. SOURCES OF FUNDS        
  SHARE HOLDER'S FUND        
a) Share Capital 597.49   497.48  
b) Equity Share Warrant 0.00   127.50  
c) Reserve and Surplus 3350.51 3948.00 2354.56 2979.54
2. LOAN FUND   7563.38   5991.56
3. DEFERRED TAX LIABILITY (Net)   256.16   322.59
  TOTAL   11767.54   9293.69
  APPLICATION OF FUNDS        
1. FIXED ASSETS   4699.29   3662.28
2. INVESTMENTS   3.30   3.22
3. CURRENT ASSETS LOANS AND ADVANCES        
a) Inventories 3715.96   4366.59  
b) Sundry Debtors 7724.48   4433.18  
c) Cash nd Bank Balances 447.10   253.92  
d) Loans and Advances 254.24 12141.78 436.57 9490.26
  Less: Current Liabilities and Provisions        
a) Liabilities 4952.84   3745.38  
b) Provisions 125.94 5078.78 117.74 3863.12
4. MISCELLANEOUS EXPENDITURE (Not Written Off Or Adjusted)   1.95   1.05
  TOTAL   11767.54   9293.69
Notes:
1. The above financial results have been approved by Audit Committee and Board of Directors in their meeting held on 28th May'2011.
2.
The Company has only one segment of activity namely manufacturing of Cold Rolled Stainless Steel Strips/Coil.
3.
Figures has been regrouped/rearranged wherever necessary.
4. The Board of Directors have recommended a dividend of Rs. 1/-(ONE) i.e. 10% Per Equity Shares for the Financial Year 2010-11, subject to approval of Shareholders of the Company.
5. Pursuant to resolution passed by Board of Directors in their meeting held on 28.03.2011 and 30.03.2011, 10,00,000 convertible warrants have been converted into 10,00,000 equity shares of Rs. 10/- each at a premium of Rs. 41/- per share.
6. Status of the investor's Complaints / Queries : No investor complaints were received.
Financial Results
Unaudited Financial Results for the Quarter ended on 30th September 2010
Sr no. Particulars Quarter ended Half Year ended Audited for the year ended
30.9.2010 30.9.2009 30.9.2010 30.9.2009 31.3.2010
1. a) Net Sales / Income from Operation
b) Other Operating Income
7035.29

0.00
5373.52

0.00
13672.23

0.00
10094.72

0.00
22428.63

0.00
Total 7035.29 5373.52 13672.23 10094.72 22428.63
2. Expenditure
a) (Increase) / Decrease in stock-in-trade and Work in Progress (975.81) (479.98) (1914.71) (1097.67) (1215.35)
b) Consumption of raw materials 6737.48 4770.15 13159.00 9149.24 19418.36
c) Purchase of Traded Goods 0.00 0.00 0.00 0.00 0.00
d) Employees cost 99.66 82.05 192.99 146.02 352.00
e) Depreciation 154.91 151.22 314.76 271.92 620.82
f) Other Expenditure 647.73 538.60 1155.38 1041.38 2218.08
Total Expenditure 6663.97 5062.04 12907.42 9510.89 21393.91
3. Profit from Operations before Other Income, Interest and Exceptional Items (1-2) 371.32 311.48 764.81 583.83 1034.72
4. Other Income 28.60 99.11 105.97 184.72 353.34
5. Profit before Interest and Exceptional Items (3+4) 399.92 410.59 870.78 768.55 1388.06
6. Interest 191.78 218.86 449.09 396.62 676.67
7. Profit after Interest but before Exceptional Items (5-6) 208.14 191.73 421.69 371.93 711.39
8. Exceptional Items 0.0 0.00 0.00 0.00 0.00
9. Profit / (Loss) from Ordinary activity before tax (7+8) 208.14 191.73 421.69 371.93 711.39
10) Tax Expenses
a) Current (Including Wealth Tax) 43.41 35.38 86.01 63.26 121.05
b) Deferred (23.96) (15.84) (37.02) (13.49) (37.29)
11. Net Profit / (Loss) from Ordinary Activities after tax (9-10) 188.69 172.19 372.70 322.16 627.63
12. Extra Ordinary Items (Net of Tax expenses Rs. Nil) 0.00 0.00 0.00 0.00 0.00
13. Net Profit/(Loss) for the period (11-12) 188.69 172.19 372.70 322.16 627.63
14. Paid-up equity share capital (Face value of Rs.10/- each) 497.49 377.48 497.49 377.48 497.48
15. Reserves/Profit & Loss Account excluding revaluation - reserves(as per balance sheet of previous accounting year.) 0.00 0.00 0.00 0.00 2412.63
16. Earning Per Share Before Extra Ordinary Items for the period (Rs.) (Not to be Annualised)
- Basic 3.65 4.55 7.35 8.52 15.14
- Diluted 3.48 4.55 7.00 8.52 14.87
17. Earning Per Share After Extra Ordinary Items for the period (Rs.) (Not to be Annualised)
- Basic 3.65 4.55 7.35 8.52 15.14
- Diluted 3.48 4.55 7.00 8.52 14.87
18. Aggregate of Non Promoting Shareholding
- No.of Shares 3046259 1845359 3046259 1845359 3044259
- Percentage of Shareholding 61.17% 48.82% 61.17% 48.82% 61.13%
19. Promoters and Promoter Group Shareholding          
a) Pledged/Encumbered          
- Number of Shares 500000 500000 500000 500000 500000
- Percentage of Shares (as a % of the total shareholding of promoter and promoter group) 25.86% 25.84% 25.86% 25.84% 25.83%
- Percentage of shares (as a% of the total share capital of the company 10.04% 13.23% 10.04% 13.23% 10.04%
b) Non-encumbered          
- Number of shares 1433741 1434641 1433741 1434641 1435741
- Percentage of shares (as a%of the total shareholding of Promoter and Promoter Group) 74.14% 74.16% 74.14% 74.16% 74.17%
- Percentage of shares (as a%of the total share capital of the company) 28.79% 37.95% 28.79% 37.95% 28.83%
Financial Results
Audited Financial Results for the Quarter / Half Year Ended 30th September
Sr no. PARTICULARS 2010 2009
1. SOURCES OF FUNDS        
  SHARE HOLDER'S FUND        
a) Share Capital 497.49   377.48  
b) Equity Share Warrant 127.50   0.00  
c) Reserve and Surplus 2720.44 3345.43 1615.16 1992.64
2. LOAN FUND   6702.62   5187.43
3. DEFERRED TAX LIABILITY (Net)   285.57   346.39
  TOTAL   10333.62   7526.46
  APPLICATION OF FUNDS        
1. FIXED ASSETS   3882.64   3862.53
2. INVESTMENTS   3.22   3.11
3. CURRENT ASSETS LOANS AND ADVANCES        
a) Inventories 5531.80   3355.59  
b) Sundry Debtors 4860.48   3441.34  
c) Cash nd Bank Balances 317.51   245.07  
d) Loans and Advances 560.88 11270.67 259.44 7301.44
  Less: Current Liabilities and Provisions        
a) Liabilities 4779.15   3586.45  
b) Provisions 44.66 4823.81 54.70 3641.15
4. MISCELLANEOUS EXPENDITURE (Not Written Off Or Adjusted)   0.90   0.53
  TOTAL   10333.62   7526.46
Notes:
1. The above financial results have been approved by Audit Committee and Board of Directors in their meeting held on 28th October 2010.
2.
The Statutory Auditor have carried out a limited review for the quarter ended on 30th September, 2010.
3.
The Company has only one segment of activity namely manufacturing of Cold Rolled Stainless Steel Strips/Coil.
4. Figures has been regrouped/rearranged wherever necessary.
5. Status of the investor's Complaints / Queries : No investor complaints were received.
Financial Results
Unaudited Financial Results for the Quarter ended on 30th June, 2010
Sr no. Particulars Quarter ended Audited for the year ended
30.6.2010 30.6.2009 31.3.2010
1. a) Net Sales / Income from Operation
b) Other Operating Income
Total
6636.94

0.00

6636.94
4721.20

0.00

4721.20
22428.63

0.00

22428.63
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) Depreciation
f) Other Expenditure
Total Expenditure

(938.90)


6421.52

0.00

93.33
159.85
507.65
6243.45

(617.69)


4379.09

0.00

63.97
120.70
502.78
4448.85

(1215.35)


19418.36

0.00

352.00
620.82
2218.08
21393.91
3. Profit from Opreations before Other Income, Interest and Exceptional Items (1-2) 393.49 272.35 1034.72
4. Other Income 77.37 85.61 353.34
5. Profit before Interest and Exceptional Items (3+4) 470.86 357.96 1388.06
6. Interest 257.31 177.76 676.67
7. Profit after Interest but before Exceptional Items (5-6) 213.55 180.20 711.39
8. Exceptional Items 0.00 0.00 0.00
9. Profit / (Loss) from Ordinary activity before tax (7+8) 213.55 180.20 711.39
10. Tax Expenses
a) Current (Including Fringe Benefit & Wealth Tax)
b) Deferred


42.60

(13.06)


27.88

2.35


121.05

(37.29)
11. Net Profit / (Loss) from Ordinary Activities after tax (9-10) 184.01 149.97 627.63
12. Extra Ordinary Items (Net of Tax expenses Rs. Nil) 0.00 0.00 0.00
13. Net Profit/(Loss) for the period (11-12) 184.01 149.97 627.63
14. Paid-up equity share capital
(Face value of Rs.10/- each)
497.48 377.48 497.48
15. Reserves/Profit & Loss Account excluding revaluation -
reserves(as per balance sheet of previous accounting year.)
0.00 0.00 2412.63
16. Earning Per Share Before Extra Ordinary Items for the period (Rs.) (Not to be Annualised)
- Basic 3.70 3.97 15.14
- Diluted 3.52 3.97 14.87
17. Earning Per Share After Extra Ordinary Items for the period (Rs.) (Not to be Annualised)
- Basic 3.70 3.97 15.14
- Diluted 3.52 3.97 14.87
18. Aggregate of Non Promoting Shareholding
- No.of Shares 3044259 1845849 3044259
- Percentage of Shareholding 61.13% 48.83% 61.13%
19. Promoters and Promoter Group Shareholding
  a) Pledged/Encumbered
- Number of Shares 500000 500000 500000
- Percentage of Shares (as a % of the total shareholding of promoter and promoter group) 25.83% 25.85% 25.83%
- Percentage of shares (as a% of the total share capital of the company 10.04% 13.23% 10.04%
  b) Non-encumbered
- Number of Shares 1435741 1434151 1435741
- Percentage of shares (as a% of the total shareholding of Promoter and Promoter Group) 74.17% 74.15% 74.17%
- Percentage of shares (as a% of the total share capital of the company) 28.83% 37.94% 28.83%
Notes:
1. The above financial results have been approved by Audit Committee and Board of Directors in their meeting held on 29th July 2010.
2.
The Statutory Auditors have carried out limited review for the quarter ended on 30th June, 2010.
3.
The Company has only one segment of activity namely manufacturing of Cold Rolled Stainless Steel Strips/Coil.
4. Figures has been regrouped/rearranged wherever necessary.
5. Status of the investor's Complaints / Queries : No investor complaints were received.
Financial Results
Audited Financial Results for the Quarter / Year ended on 31st March 2010.
Sr no. Particulars Quarter ended Audited for the year ended
31.3.2010 31.3.2009 31.3.2010 31.3.2009
1. a) Net Sales/Income from Operation
b) Other Operating Income
7127.64

0.00
3757.65

0.00
22428.63

0.00
12963.69

0.00
  Total 7127.64 3757.65 22428.63 12963.69
2. Expenditure        
a) (Increase) / Decrease
in stock-in-trade and Work in Progress
(480.49) (167.47) (1215.35) 17.36
b) Consumption of raw materials 6373.56 3281.77 19418.36 11052.29
c) Purchase of Traded Goods 0.00 0.00 0.00 0.00
d) Employees cost 103.47 47.78 352.00 206.28
e) Depreciation 215.04 98.11 620.82 416.34
f) Other Expenditure 692.80 367.65 2218.08 1165.70
  Total Expenditure 6904.38 3627.84 21393.91 12857.97
3. Profit from Operations before Other Income, Interest and Exceptional Items(1-2) 223.26 129.81 1034.72 105.72
4. Other Income 70.22 37.78 353.34 243.74
5. Profit before Interest and
Exceptional Items(3+4)
293.48 167.59 1388.06 349.46
6. Interest 104.98 155.64 676.67 611.36
7. Profit after Interest but before
Exceptional Items(5-6)
188.50 11.95 711.39 (261.90)
8. Exceptional Items 0.00 0.00 0.00 0.00
9. Profit/(Loss)from Ordinary activity
before tax (7+8)
188.50 11.95 711.39 (261.90)
10. Tax Expenses        
a) Current (Including Fringe Benefit & Wealth Tax) 32.07 0.74 121.05 2.03
b) Deferred (25.40) (49.53) (37.29) (48.38)
11. Net Profit/(Loss) from Ordinary
Activities after tax (9-10)
181.83 60.74 627.63 (215.55)
12. Extra ordinary Items (Net of Tax
expenses Rs.Nill)
0.00 0.00 0.00 0.00
13. Net Profit/(Loss) for the period(11-12) 181.83 60.74 627.63 (215.55)
14. Paid-up equity share capital
(Face value of Rs.10/- each)
497.48 377.48 497.48 377.48
15. Reserves/Profit & Loss Account excluding revalution-reserves(as per balance sheet of previous accounting year) 0.00 0.00 2412.63 1293.07
16. Earning Per Share After Extra Ordinary Items for the period (Rs.) (Not to be Annualised)        
- Basic 3.63 1.45 15.14 (5.85)
- Diluted 3.36 1.45 14.87 (5.85)
17. Earning Per Share After Extra Ordinary Items for the period (Rs.) (Not to be Annualised)
- Basic 3.63 1.45 15.14 (5.85)
- Diluted 3.36 1.45 14.87 (5.85)
18 Aggregate of Non Promoting Shareholding        
- No.of Shares 3044259 1850850 3044259 1850850
- Percentage of Shareholding 61.13% 48.96% 61.13% 48.96%
19 Promoters and Promoter Group Shareholding        
a) Pledged/Encumbered        
- Number of Shares 500000 500000 500000 500000
- Percentage of Shares (as a % of the total shareholding of promoter and promoter group) 25.83% 25.92% 25.83% 25.92%
- Percentage of shares (as a% of the total share capital of the company 10.04% 13.23% 10.04% 13.23%
b) Non-encumbered        
- Number of shares 1435741 1429150 1435741 1429150
- Percentage of Shares(as a % of the total shareholding of promoter and promoter group) 74.17% 74.08% 74.17% 74.08%
- Percentage of shares (as a%of the total share capital of the company) 28.83% 37.81% 28.83% 37.81%
Notes:
1. The above financial results have been approved by Audit Committee and Board of Directors in their meeting held on 29th May 2010.
2.
The Company has only one segment of activity namely manufacturing of Cold Rolled Stainless Steel Strips/Coil.
3.
Figures has been regrouped/rearranged wherever necessary.
4. The Board of Directors have recommended a dividend of Rs. 1/- (ONE) i.e. 10% Per Equity Shares for the Financial Year 2009-10, subject to approval of Shareholders of the Company.
5. Status of the investor's Complaints / Queries : No investor complaints were received.
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