|
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th JUNE 2010
|
|
|
(Rs. in Lacs)
|
|
|
Particulars
|
3 months ended
|
Corresponding 3 months ended
|
Previous accounting year ended
|
|
|
|
30/06/10
|
30/06/09
|
31/03/10
|
|
|
|
Unaudited
|
Unaudited
|
Audited
|
|
1
|
a. Net Sales / Income from Operation
|
13225.61
|
15178.20
|
54393.09
|
|
|
b. Other operating income
|
558.77
|
392.74
|
1018.12
|
|
|
Total (a+b)
|
13784.38
|
15570.94
|
55411.21
|
|
2
|
Expenditure
|
|
|
|
|
a
|
(Increase)/Decrease in Stock in Trade and Work in Progress
|
299.71
|
6043.94
|
(102.64)
|
|
b
|
Consumption of Raw Materials
|
2302.66
|
2079.62
|
19845.88
|
|
c
|
Purchase of traded goods
|
8533.43
|
3790.13
|
19676.78
|
|
d
|
Employees Cost
|
171.67
|
144.04
|
752.99
|
|
e
|
Depreciation
|
438.01
|
359.79
|
1533.58
|
|
f
|
Manufacturing expenses
|
543.49
|
486.32
|
5964.12
|
|
g
|
Administrative expenses
|
231.28
|
623.67
|
1853.96
|
|
h
|
Selling expenses
|
596.17
|
928.42
|
2782.23
|
|
|
Total Expenditure (a to h)
|
13116.42
|
14455.93
|
52306.90
|
|
3
|
Profit operations before other income, interest & exceptional items (1-2)
|
667.96
|
1115.01
|
3104.31
|
|
4
|
Other income
|
38.88
|
38.52
|
181.94
|
|
5
|
(Loss) / Gain on forward contracts
|
0.92
|
(74.93)
|
(75.80)
|
|
6
|
Profit before interest & exceptional items (3+4+5)
|
707.76
|
1078.60
|
3210.45
|
|
7
|
Interest
|
591.77
|
556.05
|
2525.02
|
|
8
|
Profit after interest but before exceptional items (6-7)
|
115.99
|
522.55
|
685.43
|
|
9
|
Exceptional Items
|
-
|
-
|
-
|
|
10
|
Profit (+) / Loss (-) from Ordinary Activities before tax (8+9)
|
115.99
|
522.55
|
685.43
|
|
11
|
Tax expense
|
15.00
|
84.00
|
111.66
|
|
12
|
Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11)
|
100.99
|
438.55
|
573.77
|
|
13
|
Extraordinary Items (net of tax expense)
|
-
|
-
|
-
|
|
14
|
Net Profit (+) / Loss (-) for the period (12-13)
|
100.99
|
438.55
|
573.77
|
|
15
|
Paidup Equity Share Capital (Face value of each share - Rs.2/-)
|
1579.05
|
1579.05
|
1579.05
|
|
16
|
Reserves excluding revaluation reserves (as per Balance Sheet of previous accounting
year to be given in col. 3)
|
-
|
-
|
37638.52
|
|
17
|
Earnings per share (EPS)
|
|
|
|
|
|
(a) Basic and diluted EPS before extraordinary items for the period to date and
for the previous year ( not to be annualised )
|
0.13
|
0.56
|
0.73
|
|
|
(b) Basic and diluted EPS after extraordinary items for the period to date and for
the previous year ( not to be annualised )
|
0.13
|
0.56
|
0.73
|
|
18
|
Public Shareholding
|
|
|
|
|
|
a) No. of Shares
|
41531670
|
41531670
|
41531670
|
|
|
b) Percentage of shareholding
|
52.60
|
52.60
|
52.60
|
|
19
|
Promoters and promoter group shareholding
|
|
|
|
|
|
a) Pledged / Encumbered
|
|
|
|
|
|
- Number of Shares
|
Nil
|
Nil
|
Nil
|
|
|
- Percentage of shares (as a % of total share capital of the Company)
|
Nil
|
Nil
|
Nil
|
|
|
b) Non - encumbered
|
|
|
|
|
|
- Number of Shares
|
37420950
|
37420950
|
37420950
|
|
|
- Percentage of shares (as a % of total shareholding of promoter and promoter group)
|
100
|
100
|
100
|
|
|
- Percentage of shares (as a % of total share capital of the Company)
|
47.40
|
47.40
|
47.40
|
|
NOTES:
|
|
1.
|
The operations of the company relate to only one primary segment viz. Textiles
|
|
2.
|
There were no complaints from investors outstanding at the beginning of the quarter
and no complaints ware received from the shareholders during the quarter.
|
|
3.
|
The statutory auditors have carried out a limited review of the financial results
for the quarter ended 30th June, 2010.
|
|
4
|
The above mentioned financial results were approved by the Audit Committee and taken
on record by the Board of Directors at its meeting held on 10th August 2010.
|
|
5
|
Due to recession in Europe there is no demand for spun silk and noil silk yarn manufactured
at the company's unit 3 at Nanjungud (Karnataka). The management, therefore, decided
to close down the said unit for which permission has been sought from Labour Dept.,
Govt. of Karnataka. The unit shall be revived when the overseas market improves.
|
|
6
|
As per Accounting standard AS 30 " Financial Instruments recognition and measurements" issued by the Institute of Chartered Accountants of India, Gain on Forward Contracts for the quarter represent Gain on forward contracts in foreign currencies outstanding as on 31st March 2010 which matured during the current quarter. The mark to market valuation of Forward contracts outstanding as on 30th June 2010 indicates a loss of Rs.49.88 lacs which will be recognised in future cash flows.
|
|
7
|
Previous period / year's figures have been regrouped / rearranged wherever necessary
to conform to current period presentation.
|
|
|
Place: Kolkata
Date: 10.08.2010
|
For Eastern Silk Industries Ltd.
S.S.Shah
CHAIRMAN & MANAGING DIRECTOR
|
|
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31st MARCH 2010
|
|
|
(Rs. in Lacs)
|
|
|
Particulars
|
3 months ended
|
Corresponding 3 months ended
|
12 months ended
|
Prev. accounting year (Audited)
|
|
|
|
31/03/10
|
31/03/09
|
31/03/10
|
31/03/09
|
|
|
|
Unaudited
|
Unaudited
|
Unaudited
|
Audited
|
|
1
|
a. Net Sales / Income from Operation
|
14460.47
|
10002.74
|
54347.76
|
51003.75
|
|
|
b. Other operating income
|
159.78
|
1849.04
|
1015.56
|
2296.43
|
|
2
|
Expenditure
|
|
|
|
|
|
a
|
(Increase)/Decrease in Stock in Trade and Work in Progress
|
(5513.13)
|
(8035.61)
|
(160.61)
|
(8992.80)
|
|
b
|
Consumption of Raw Materials
|
11037.58
|
1586.85
|
19860.76
|
10473.21
|
|
c
|
Purchase of traded goods
|
4372.59
|
16075.74
|
19662.63
|
34673.16
|
|
d
|
Employees Cost
|
185.79
|
197.98
|
745.94
|
719.62
|
|
e
|
Depreciation
|
442.26
|
403.01
|
1526.50
|
1647.56
|
|
f
|
Manufacturing expenses
|
2881.64
|
615.76
|
5971.05
|
4297.24
|
|
g
|
Administrative expenses
|
511.23
|
190.06
|
1869.03
|
1227.88
|
|
h
|
Selling expenses
|
281.02
|
787.06
|
2757.67
|
3399.99
|
|
i
|
Loss / Gain on forward contracts
|
(20.30)
|
930.97
|
75.80
|
1679.51
|
|
|
Total Expenditure (a to i)
|
14178.68
|
12751.82
|
52308.77
|
49125.37
|
|
3
|
Profit operations before other income & interest & exceptional items (1-2)
|
441.57
|
(900.04)
|
3054.55
|
4174.81
|
|
4
|
Other income
|
19.47
|
64.66
|
134.66
|
152.00
|
|
5
|
Profit before interest & exceptional items (3+4)
|
461.04
|
(835.37)
|
3189.21
|
4326.81
|
|
6
|
Interest
|
666.86
|
604.32
|
2485.32
|
2414.99
|
|
7
|
Profit after interest but before exceptional items (5-6)
|
(205.82)
|
(1439.69)
|
703.89
|
1911.82
|
|
8
|
Exceptional Items
|
-
|
-
|
-
|
-
|
|
9
|
Profit (+) / Loss (-) from Ordinary Activities before tax (7+8)
|
(205.82)
|
(1439.69)
|
703.89
|
1911.82
|
|
10
|
Tax expense
|
(221.32)
|
(478.50)
|
98.68
|
(9.23)
|
|
11
|
Net Profit (+) / Loss (-) from Ordinary Activities after tax (9-10)
|
15.50
|
(961.19)
|
605.21
|
1921.05
|
|
12
|
Extraordinary Items (net of tax expense)
|
-
|
-
|
-
|
-
|
|
13
|
Net Profit (+) / Loss (-) for the period (11-12)
|
15.50
|
(961.19)
|
605.21
|
1921.05
|
|
14
|
Paidup Equity Share Capital (Face value of each share - Rs.2/-)
|
1579.05
|
1579.05
|
1579.05
|
1579.05
|
|
15
|
Reserves excluding revaluation reserves (as per Balance Sheet of previous accounting
year to be given in col.4)
|
|
|
|
37548.55
|
|
16
|
Earnings per share (EPS)
|
|
|
|
|
|
|
(a) Basic and diluted EPS before extraordinary items for the period to date and
for the previous year ( not to be annualised )
|
0.02
|
(1.22)
|
0.77
|
2.43
|
|
|
(b) Basic and diluted EPS after extraordinary items for the period to date and for
the previous year ( not to be annualised )
|
0.02
|
(1.22)
|
0.77
|
2.43
|
|
17
|
Public Shareholding
|
|
|
|
|
|
|
a) No. of Shares
|
41531670
|
41531670
|
41531670
|
41531670
|
|
|
b) Percentage of shareholding
|
52.60
|
52.60
|
52.60
|
52.60
|
|
18
|
Promoters and promoter group shareholding
|
|
|
|
|
|
|
a) Pledged / Encumbered
|
|
|
|
|
|
|
- Number of Shares
|
Nil
|
Nil
|
Nil
|
Nil
|
|
|
- Percentage of shares (as a % of total share capital of the Company)
|
Nil
|
Nil
|
Nil
|
Nil
|
|
|
b) Non - encumbered
|
|
|
|
|
|
|
- Number of Shares
|
37420950
|
37420950
|
37420950
|
37420950
|
|
|
- Percentage of shares (as a % of total shareholding of promoter and promoter group)
|
100
|
100
|
100
|
100
|
|
|
- Percentage of shares (as a % of total share capital of the Company)
|
47.40
|
47.40
|
47.40
|
47.40
|
|
|
|
|
|
|
|
|
NOTES:
|
|
1.
|
The operations of the company relate only to one primary segment viz. Textiles
|
|
2.
|
There were no complaints from investors outstanding at the beginning of the quarter
and no complaints ware received from the shareholders during the quarter.
|
|
3.
|
The above financial results are subject to "Limited Review" by the Statutory
Auditors of the Company
|
|
4.
|
The above mentioned financial results were taken on record by the Board of Directors
at its meeting held on 29th day of April, 2010.
|
|
5.
|
As per Accounting standard AS 30 " Financial Instruments recognition and measurements"
issued by the Institute of Chartered Accountants of India, Gain on Forward Contracts
for the quarter represent gain on forward contracts in foreign currencies which
matured during the current quarter. The mark to market loss on contracts outstanding
as on 31st March 2010 is Rs 48.10 lacs.
|
|
6.
|
Previous period / year's figures have been regrouped / rearranged wherever necessary
to conform to current period presentation.
|
|
|
Place: Kolkata
Date: 29.04.2010
|
For Eastern Silk Industries Ltd.
S.S.Shah
CHAIRMAN & MANAGING DIRECTOR
|
