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Pricol Limited
Regd. Office: 702 / 7 Avanashi Road, Coimbatore - 641 037
AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2011
(  in Lakhs) |
|
Particulars |
For the Three Months Ended |
For the Year Ended |
Consolidated for the Year Ended |
|
Standalone |
|
|
31.03.2011 |
31.03.2010 |
31.03.2011 |
31.03.2010 |
31.03.2011 |
31.03.2010 |
|
(a) Net Sales / Income from operations |
22265.61 |
20442.10 |
81409.42 |
74239.24 |
86043.04 |
75730.34 |
|
(b) Other Operating Income |
28.91 |
41.86 |
150.14 |
177.61 |
150.14 |
177.61 |
|
(c) Total Income (a+b) |
22294.52 |
20483.96 |
81559.56 |
74416.85 |
86193.18 |
75907.95 |
|
(d) Expenditure |
|
(1) (Increase) / Decrease in Stock in Trade |
257.20 |
71.59 |
504.24 |
505.59 |
483.38 |
482.91 |
|
(2) (Increase) / Decrease in Work in Progress |
(21.55) |
53.10 |
(290.90) |
(57.79) |
(378.29) |
(24.74) |
|
(3) Consumption of Raw Materials & Components |
15305.66 |
13184.15 |
54551.64 |
48422.45 |
57406.81 |
48975.12 |
|
(4) Employees Cost |
2912.96 |
2445.42 |
11322.26 |
9099.10 |
12096.79 |
9624.28 |
|
(5) Depreciation |
808.86 |
875.90 |
3370.40 |
3517.83 |
3635.21 |
3773.01 |
|
(6) Exchange Fluctuation (Gain) / Loss |
(6.70) |
35.25 |
247.38 |
990.81 |
195.39 |
488.47 |
|
(7) Other Expenditure |
2044.66 |
1817.67 |
8082.49 |
6815.45 |
9012.73 |
7326.25 |
|
(8) Cost of In-house manufactured Machines & Tools Capitalised |
(195.70) |
(197.70) |
(544.87) |
(631.49) |
(544.87) |
(631.49) |
|
Total Expenditure |
21105.39 |
18285.38 |
77242.64 |
68661.95 |
81907.15 |
70013.81 |
|
(e) Profit / (Loss) from Operations before Other Income, Interest & Exceptional Items [ c - d ] |
1189.13 |
2198.58 |
4316.92 |
5754.90 |
4286.03 |
5894.14 |
|
(f) Other Income |
|
|
|
|
|
|
|
1. Profit / Loss on Sale of Assets |
91.91 |
76.24 |
444.03 |
62.98 |
448.67 |
66.88 |
|
2. Others |
24.79 |
35.22 |
127.44 |
92.38 |
153.52 |
92.80 |
|
(g) Profit / (Loss) before Interest and Exceptional items [ e + f ] |
1305.83 |
2310.04 |
4888.39 |
5910.26 |
4888.22 |
6053.82 |
|
(h) Interest |
666.97 |
751.89 |
2731.16 |
3164.52 |
2907.05 |
3386.04 |
|
(i) Profit / (Loss) after Interest but before Exceptional items [ g - h ] |
638.86 |
1558.15 |
2157.23 |
2745.74 |
1981.17 |
2667.78 |
|
(j) Exceptional Items |
- |
- |
- |
- |
- |
|
|
(k) Profit / (Loss) from Ordinary Activities before Tax [ i + j ] |
638.86 |
1558.15 |
2157.23 |
2745.74 |
1981.17 |
2667.78 |
|
(l)Tax Expense – Net |
(324.64) |
123.38 |
(154.25) |
197.71 |
(171.41) |
271.70 |
|
(m) Net Profit / (Loss) from Ordinary Activities After Tax [k - l] |
963.50 |
1434.77 |
2311.48 |
2548.03 |
2152.58 |
2396.08 |
|
(n) Extraordinary Item (Net of Tax Expense) |
- |
- |
- |
- |
- |
|
|
(o) Net Profit / (Loss) for the period [m-n] |
963.50 |
1434.77 |
2311.48 |
2548.03 |
2152.58 |
2396.08 |
|
(p) Paid-up-Equity Share Capital (Face Value of  1/- each) |
900.00 |
900.00 |
900.00 |
900.00 |
900.00 |
900.00 |
|
(q) Reserves excluding revaluation reserves of previous accounting year |
|
|
18595.09 |
16911.21 |
17168.92 |
15749.07 |
|
(r) Basic and diluted Earnings Per Share ( ) (not annualised) [o/p] |
1.07 |
1.59 |
2.57 |
2.83 |
2.39 |
2.66 |
|
(s) Public share holding : |
|
|
|
|
|
|
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1.Number of Shares |
57,906,054 |
57,756,535 |
57,906,054 |
57,756,535 |
57,906,054 |
57,756,535 |
|
2. Percentage of share holding |
64.34 |
64.17 |
64.34 |
64.17 |
64.34 |
64.17 |
|
(t) Promoters and Promoter group share holding |
|
|
|
|
|
|
|
a) Pledged / Encumbered |
|
|
|
|
|
|
|
- Number of Shares |
- |
25,000 |
- |
25,000 |
- |
25,000 |
|
- Percentage of shares (as a % of the total shareholding of promoter and promoter group) |
- |
0.08 |
- |
0.08 |
- |
0.08 |
|
- Percentage of shares (as a % of the total share capital of the company) |
- |
0.03 |
- |
0.03 |
- |
0.03 |
|
b) Non-encumbered |
|
|
|
|
|
|
|
- Number of Shares |
32,093,946 |
32,218,465 |
32,093,946 |
32,218,465 |
32,093,946 |
32,218,465 |
|
- Percentage of shares (as a % of the total shareholding of promoter and promotor group) |
100.00 |
99.92 |
100.00 |
99.92 |
100.00 |
99.92 |
|
- Percentage of shares (as a % of the total share capital of the company) |
35.66 |
35.80 |
35.66 |
35.80 |
35.66 |
35.80 |
|
|
|
Statement of Assets and Liabilities |
|
Particulars |
As at 31.03.2011 |
As at 31.03.2010 |
|
(1) Share Holder’s funds |
|
|
|
a) Share Capital |
900.00 |
900.00 |
|
b) Reserves & Surplus |
18595.09 |
16911.21 |
|
(2) Loan Funds |
23806.03 |
25599.76 |
|
(3) Deferred Tax Liability |
70.00 |
- |
|
Total |
43371.12 |
43410.97 |
|
(4) Fixed Assets |
21617.03 |
23230.54 |
|
(5) Investments |
2524.07 |
2524.07 |
|
(6) Deferred Tax Asset |
- |
568.10 |
|
(7) Current Assets, Loans and Advances |
|
|
|
a) Inventories |
13255.18 |
12502.21 |
|
b) Sundry Debtors |
20721.18 |
18524.12 |
|
c) Cash and Bank Balances |
930.91 |
1181.37 |
|
d) Loans and Advances |
4811.64 |
6859.47 |
|
(8) Less : Current Liabilities and Provisions |
|
|
|
a) Current Liabilities |
18715.61 |
17650.31 |
|
b) Provisions |
1773.28 |
4328.60 |
|
(9) Net Current Assets |
19230.02 |
17088.26 |
|
Total |
43371.12 |
43410.97 |
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Notes: |
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1. Previous Period's figures have been regrouped wherever necessary to conform to the current period's classification. |
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2. The Company's Operations relate to One Primary Segment, Automotive Components. |
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3. Investors' Complaints: Pending as at the beginning of the quarter - 1, Received during the quarter - 3, Disposed off during the quarter - 4, Pending at the end of the quarter – Nil. |
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4. The above results have been reviewed by the Audit Committee and taken on record by the Board at its meeting held on 30th May, 2011. |
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5. Exchange Fluctuation Loss for the year ended 31st March, 2011 represents  102.25 lakhs consequent to re-statement of foreign currency loans and export receivables as per Accounting Standard 11 and  145.13 lakhs consequent to actual settlements. |
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6. The Board of Directors recommended a dividend @ 60% ( 0.60 per  1.00 Share) |
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Coimbatore By Order of the Board
30th May, 2011 VIJAY MOHAN
Chairman & Managing Director |
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