ASAHI  SONGWON  COLORS  LTD
Regd. Office : 167/168, Indrad Village, Kadi Kalol Road, Chhatral, Dist. Mehsana
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AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED ON 31st MARCH, 2011
 (Rupees in Lacs)
Particulars Quarter  Ended  Quarter  Ended  Year Ended  Year Ended 
31/03/2011 31/03/2010 31/03/2011 31/03/2010z
(Unaudited) (Unaudited) (Audited) (Audited)
 1.   a)   Sales and Income from Operations          4,735.72       4,317.85         18,399.08         12,667.03
   b)   Other operating Income               11.57            47.19               20.93               61.82 
 Total         4,747.29       4,365.04         18,420.01         12,728.85
 2.     Expenditure:         
   a)   (Increase) / Decrease in Stock in Trade and Work in Progress            (651.99)         180.75             (269.42)              37.05 
   b)   Consumption of Raw Materials          2,965.31       2,539.14         10,733.25           7,509.30 
   c)   Purchase of Traded Goods               26.95            17.95              181.24               89.48 
   d)   Power & Fuel             550.13          362.04           1,874.72           1,405.49 
   e)   Employees Cost             250.75          143.83              556.41              343.13 
   f)   Depreciation             113.44          107.09              445.79              430.02 
   g)   Other Expenditure             693.58          347.57           2,332.64           1,372.31 
 Total          3,948.17       3,698.37         15,854.63         11,186.78
 3.     Profit/(Loss) from Operation before Other Income, Interest and Exceptional Items             799.12          666.67           2,565.38           1,542.07
 4.     Other Income                    -                   -                      -                      -  
 5.     Profit/(Loss) before Interest and Exceptional Items             799.12          666.67           2,565.38           1,542.07
 6.     Interest & Financial Charges               78.86          144.98              319.09              387.81
 7.     Profit/(Loss) after Interest but before Exceptional Items             720.26          521.69           2,246.29           1,154.26
 8.     Exceptional Items               (0.03)                -                      -                      -  
 9.     Profit/(Loss) from Ordinary Activities before Tax             720.29          521.69           2,246.29           1,154.26
 10     Tax Expenses         
      - Current Tax                0.52             0.60                 0.59                 0.60
      - Deferred Tax               68.74            54.88              241.74              199.61
 11.     Net Profit /(Loss) from Ordinary Activities After Tax             651.03          466.21           2,003.96              954.05 
 12.     Extra Ordinary Items                    -                   -                      -                      -  
 13.     Net Profit /(Loss) for the period             651.03          466.21           2,003.96              954.05
 14.     Paid up Equity Share Capital          1,227.23       1,227.23           1,227.23           1,227.23
     (Face Value of Rs. 10/- each)         
 15.     Reserves excluding Revaluation Reserve                    -                   -             8,517.68           6,944.47
 16.     Basic / Diluted EPS for the period          
     Not annualised ( In Rupees)                5.30             3.80               16.33                 7.77
 17.    Public Shareholding:        
        -  Number of Shares 4727510 4727510 4727510 4727510
        -  Percentage of shareholding 38.52% 38.52% 38.52% 38.52%
 18.     Promoters and Promoter Group Shareholding         
   a)   Pledged/Encumbered         
     Number of Shares  0 0 0 0
     Percentage of Shares (as a % of the total Shareholding of Promoter and Promoter Group)  0% 0% 0% 0%
     Percentage of Shares  (as a % of the total share capital of the company)  0% 0% 0% 0%
   b)   Non-encumbered         
     Number of Shares  7544752 7544752 7544752 7544752
     Percentage of Shares (as a % of the total Shareholding of Promoter and Promoter Group)  100.00% 100.00% 100.00% 100.00%
     Percentage of Shares (as a % of the total share capital of the company)  61.48% 61.48% 61.48% 61.48%
 
Statement of Assets & Liabilities  (Rupees In Lacs) 
  Particulars As at 31 March 2011 (Audited) As at 31 March 2010 (Audited)
  SHARE HOLDERS FUNDS    
  a) Capital          1,227.23           1,227.23 
  b) Reserves and Surplus          8,517.68           6,944.47 
       
  LOAN FUNDS          4,849.27           3,777.28 
  Defered Tax Liability (Net)             835.74              594.00 
  TOTAL        15,429.92         12,542.98 
       
  FIXED ASSETS          8,236.21           6,838.19 
  INVESTMENTS              63.75               20.45 
  CURRENT LIABILITIES, LOANS AND ADVANCES    
  a) Inventories          2,851.18           2,268.52 
  b) Sundry Debtors          3,967.72           3,805.92 
  c) Cash & Bank Balances             193.18              221.85 
  d) Loans and Advances          2,642.82           1,695.65 
  TOTAL          9,654.90           7,991.94 
  Less : Current Liabilities & Provisions    
  a) Liabilities          2,121.67           2,155.11 
  b) Provisions             639.72              449.51 
  TOTAL          2,761.39           2,604.62 
  Net Current Assets           6,893.51           5,387.32 
  MISCELLANEOUS EXPENDITURE              236.45              297.02 
  (NOT WRITTEN OFF OR ADJUSTED)    
  TOTAL        15,429.92         12,542.98 
Notes :
1 The above financial results were reviewed by the Audit Committee and approved by the  Board of Directors in their meeting held on 6th July, 2011.
2 The Company has only one Business Segment to be reported namely Pigments, as per Accounting Standard - 17.          
3 Figures for the pervious corresponding period have been regrouped, wherever considered necessary.          
4 The Board of Directors recommended a final dividend of 20% i.e. Rs. 2/- per share for the financial year ended 2010-11 subject to approval of shareholders of the company.
For and on behalf of Board of Directors
Asahi Songwon Colors Ltd.
               
  Mrs. Paru M. Jaykrishna
Place : Indrad, Mehasana                                                    Date: 6th July , 2011 Chairperson & Managing Director