Production Company and Promoter Agreement by epd16379

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									     Secretary
     Bombay Stock Exchange Ltd
     Phiroze Jeejeebhoy Towers
     Dalal Street
     Mumbai -400001

     Dear Sirs,

                               Compliance with the requirements of Clause 41 of the L
                                Audited Financial Results for the Quarter and Year en
  We set out the audited financial results for the quarter and year ended 31st March,2010


Sr No PARTICULARS




 1   Net Sales/Income From Operations
 2   Other Operating Income
 3   Total Income ( 1+2 )
 4   Total Expenditure
     a) Increase(-)/Decrease (+) in Stock and work-in-Process
     b) Consumption of Raw Materials
     c) Purchase of Trading Goods
     d) Power and Fuel
     e) Employees Cost
     f) Depreciation
     g) Other Expenditure
         Sub Total

 5   Operating Profit/(Loss) before Interest (3-4)
 6   Interest
 7   Profit/( Loss ) from ordinary activities before Tax (3-4-5)
 8   Less Provision for Taxation
     Income-tax-Current
     Income-tax-Deferred
     Fringe Benefit Tax
     Sub total
  9      Net Profit/(Loss) For the Period ( 7-8 )
 10      Paid up Equity Share Capital
         ( Face Value of Rs 10 each)
 11      Reserves excluding Revaluation Reserve
 12      Basic and Diluted Earnings per share of face value of Rs 10 each

 13      Public Shareholding

                 (a) Number of Shares
                 (b) Percentage of Shareholding
 14      Promoter and Promoter Group Shareholding
         a) Pledged /encumbered
            - Number of shares
            - Percentage of shares (as % of the total shareholding of
                promoter and promoter group)
              - Percentage of shares (as % of the total share capital of
                the company)

         b)   Non-encumbered
              - Number of Shares
              - Percentage of shares (as % of the total shareholding of
                promoter and promoter group)
              - Percentage of shares (as % of the total share capital of the
                Company)


Notes:

(a)      The above results were reviewed by the Audit Committee and approved
         their meeting held on 27th May, 2010.

(b)      Non availability of water and delayed monsoon resulted in lower produ
         Further hydro power could also not be generated during the 1st quarter

(c)      The above results include expenses of Rs 3.92 crs for creating manufactu
         undergarments which will be marketed in the current year

(d)      No shareholders complaint has been received during the quarter end
         outstanding on 31st March 2010.
(e)   The Company operates one segment only, namely Textiles. Sales in differ
      same risk and reward relationship.Accordingly, in the opinion of the man
      segment reporting as set out under Accounting Standard 17 is not applic

(f)   For the year ended March 31, 2010, in compliance with Accounting Sta
      demerger unabsorbed depreciation has been recognised to the exte
      depreciation.

(g)   The figures for the corresponding periods have been regrouped and rea
      comparable.
of Clause 41 of the Listing Agreement
Quarter and Year ended 31st March,2010
ded 31st March,2010
                                                              Rs in Lacs
           Quarter IV      Quarter IV         Year            Year
             ended           ended           ended           ended
           31.03.2010      31.03.2009      31.03.2010      31.03.2009
           Unaudited       Unaudited        Audited         Audited

               8,543.48       6,167.28       30,485.01       26,208.78
                 222.15         143.75          855.11          854.36
              8,765.63       6,311.03       31,340.12       27,063.14

                 487.24          83.79          311.34         (747.44)
               4,631.17       3,626.72       17,327.95       15,833.83
                  18.03          86.86          274.14          344.63
                 918.65         909.24        3,533.89        2,961.17
                 976.66         866.21        4,042.39        3,775.67
                 320.71         317.77        1,290.93        1,243.69
               1,501.53       1,005.64        4,292.38        4,414.40
              8,853.99       6,896.23       31,073.02       27,825.95

                 (88.36)        (585.20)        267.10          (762.81)
                517.03           505.58       2,058.10        1,626.00
               (605.39)      (1,090.78)      (1,791.00)      (2,388.81)

                    -              -                -             -
              (1,439.38)         38.42        (1,391.61)       111.49
                    -             8.32                          35.58
             (1,439.38)          46.74       (1,391.61)        147.07
               833.99      (1,137.52)        (399.39)    (2,535.88)
               649.93         649.93          649.93        649.93

                                            4,921.21      5,320.60
                   12.83         (17.50)        (6.15)       (39.02)




            1,718,463      1,718,463       1,718,463     1,718,463
               26.44%         26.44%          26.44%        26.44%


               -             -                -             -

               -             -                -             -

               -             -                -             -


            4,780,845      4,780,845       4,780,845     4,780,845

              100.00%       100.00%         100.00%       100.00%
               73.56%        73.56%          73.56%        73.56%




tee and approved by the Board of Directors of the Company at


ed in lower production and sale of dyed and processed yarn.
ng the 1st quarter resulting in higher power cost.

 reating manufacturing and marketing facilities for
year

g the quarter ended 31st March 2010 and no complaint is
 les. Sales in different geographical segments are subject to
opinion of the management the information relating to the
rd 17 is not applicable

 h Accounting Standard 22 the deferred tax asset on only post
nised to the extent of deferred tax liability on account of



regrouped and rearranged wherever necessary, to make them

                                                    Cont… 2
                                         -- 2 --

(h)   STATEMENT OF ASSETS AND LIABILITIES

                                                    Year Ended     Year ended
      Particulars
                                                   March 31, 2010 March 31, 2009
                                                      Audited        Audited
      SHAREHOLDERS FUND:
      (a) Capital                                          649.93         649.93
      (b) Reserves and Surplus                           4,921.21       5,320.60
      LOAN FUNDS                                        20,804.24      17,354.93
      DEFERRED TAX LIABILITY                               585.83       1,977.44

      TOTAL                                             26,961.21      25,302.90

      FIXED ASSETS                                      18,861.21      19,366.98
      INVESTMENTS                                            0.51           0.51
      CURRENT ASSETS, LOANS AND ADVANCES
      (a) Inventories                                    8,623.79       8,131.23
      (b) Sundry Debtors                                 2,603.79       2,537.87
      (c) Cash and Bank balances                           209.55         245.07
      (d) Other current assets                                -             0.20
      (e) Loans and Advances                             3,392.20       2,266.67
      Less: Current Liabilities and Provisions
      (a) Liabilities                                   (6,555.99)     (7,225.49)
      (b) Provisions                                      (173.85)       (150.80)
      MISCELLANEOUS EXPENDITURE (NOT
                                                              -           130.66
      WRITTEN OFF OR ADJUSTED)
      PROFIT AND LOSS ACCOUNT                                 -              -
      TOTAL                                             26,961.21      25,302.90


      For Gokak Textiles Limited




      H. S. Bhaskar
      Executive Director And CEO

      27.05.2010

								
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