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Unaudited financial results (provisional) for the quarter ended 30th September, 2004
|
|
| Quarterly Profit and Loss Account (Rs. in Lacs) |
Unaudited financial results (provisional) for the quarter ended 30th September, 2004 |
| |
Quarter Ended |
Half Year Ended |
Year Ended |
Reporting of segment wise revenue, assets & Liabilities under Clause 41 of the Listing Agreement
|
Particulars |
30-09-2004
(Unaudited) |
30-09-2003
(Unaudited) |
30-09-2004
(Unaudited) |
30-09-2003 (Unaudited) |
March
31,2004
(Audited) |
Particulars
|
30.09.04 |
| Net sales / Income from operations |
379.83 |
136.50 |
708.54 |
280.54 |
747.24 |
Geographic Segment Revenue
|
|
| Other Income |
0.75 |
0.50 |
3.77 |
1.40 |
7.11 |
Export |
242.53 |
| Total Revenue |
380.58 |
136.99 |
712.31 |
281.93 |
754.35 |
Domestic |
137.30 |
| Total Expenditure |
348.70 |
127.88 |
662.40 |
282.35 |
740.50 |
Total
|
379.83 |
a. Increase/Decrease
in Stock |
- |
12.00 |
- |
12.00 |
19.15 |
Other Income
|
|
| b. Staff Cost |
312.50 |
88.59 |
588.44 |
228.58 |
621.95 |
Interest
|
0.34 |
| c. Other Expenditure |
36.20 |
27.29 |
73.96 |
41.77 |
99.40 |
Others
|
0.41 |
| Profit (+) Loss (-) before interest, depreciation & tax |
31.88 |
9.11 |
49.91 |
(0.42) |
13.85 |
Total
|
0.75
|
| Interest |
5.35 |
5.06 |
10.73 |
11.90 |
25.38 |
|
|
| Profit (+) Loss (-) after interest, but before depreciation & tax |
26.53 |
4.05 |
39.18 |
(12.32) |
(11.52) |
Segment Asset and Liability
|
|
| Depreciation |
18.73 |
18.79 |
37.52 |
37.58 |
75.10 |
|
|
| Profit (+) / Loss (-) before tax |
7.80 |
(14.74) |
1.66 |
(49.90) |
(86.62) |
Segment Assets
|
|
| Provision for tax |
- |
- |
- |
- |
- |
Outside India
|
283.33 |
| Net Profit (+) Loss (-) |
7.80 |
(14.74) |
1.66 |
(49.90) |
(86.62) |
India
|
865.08 |
| Deferred Tax Asset/Liability adjustment |
8.75 |
6.77 |
8.75 |
12.51 |
29.31 |
|
|
| Net Profit (+) Loss (-) before extraordinary item |
16.55 |
(7.97) |
10.41 |
(37.39) |
(57.31) |
Investments
|
|
| Extraordinary /non-recurrng item |
- |
17.00 |
- |
17.00 |
76.80 |
Outside India
|
71.89
|
| Profit (+) Loss (-) for the year / period |
16.55 |
(24.97) |
10.41 |
(54.39) |
(134.11) |
|
|
| Paid up equity capital (Rs. 10/- per share) |
500.00 |
500.00 |
500.00 |
500.00 |
500.00 |
Segment Liabilities |
|
| Reserves excluding revaluation reserves |
333.31 |
333.31 |
333.31 |
333.31 |
333.31 |
Outside India
|
449.58 |
| EPS (not annualised) |
0.33 |
(0.50) |
0.21 |
(1.09) |
(2.68) |
India
|
596.51 |
| Aggregate of non-promoter Share holding |
|
|
|
|
|
|
|
| Number of Shares |
2,400,266 |
2,596,140 |
2,400,266 |
2,596,140 |
2,519,379 |
|
|
Percentage of Share
holding |
48.01 |
51.92 |
48.01 |
51.92 |
50.38 |
|
|
| |
1. |
The above financial results were taken on record by the Board of Directors at their meeting held on 30th October 2004. |
| 2. |
The Group total revenue of ASM and its wholly owned subsidiaries in US and Singapore (net of inter-company sales ) amounted to Rs.689.26 Lacsand Rs. 1307.81 Lacs for the quarter and half year ended 30th Sept 2004 as against Rs. 325.41Lacs and Rs. 720.77 Lacs for the quarter and half year ended 30th Sept 2003. |
| 3 |
Details of Shareholders Complaints/Grievances during 01.07.2004 to 30.09.2004 |
| |
No. of Complaints/Grievances recieved |
Resolved |
Pending |
|
| |
21 |
21 |
- |
|
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|
| Auditor's qualification in the Audit Report |
| 1 |
Interest on term loan due to IDBI amounted to Rs. 89.53 lakhs. Further liquidated damages amounting to Rs. 22.57 Lakhs claimed by IDBI is not recognised inthe accounts. Had the provision been made for the interest and liquidated damages the profits would have been lower by Rs. 112.10 lakhs and the liability towards IDBI loan would have been more by the same amount.
Reply - The Company is negotiating a one time settlement (OTS) with IDBI in respect of the loan outstanding and hence has not provided for interest on term loan and liquidated damages in the accounts. |
| 2 |
Undisputed dues amounting to Rs. 11,93,251/- payable in respect of Income Tax was outstanding at 31st March 2004 for a period of more than six months from the date they became payable.
Reply - This will be settled shortly |
| 3 |
The company has given corporate guarantee for loans taken by a compnay from a financial institution amounting to Rs. 260.34 Lacs. In our opinion, the terms & conditions are prima facie prejudicial to the interest of the company
Reply - The outstanding dues of the above company are under negotiation with the financial institution for One Time Settlement (OTS) and it is likely that the dues will be settled during the course of the current year |
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