ASAHI  SONGWON  COLORS  LTD.

Regd.Office : 167/168, Indrad Village, Kadi Kalol Road, Chhatral, distt. Mehsana
 
                    UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED ON 30th SEPTEMBER, 2011
             (Rupees in Lacs)
    Quarter Ended    Half Year Ended    Year Ended
  Particulars 30/09/2011 30/09/2010 30/09/2011 30/09/2010 31/03/2011
    (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
             
    1  a. Sales and Income from Operations          5,541.89         4,385.94         11,102.78     8,854.12               18,399.08
   b. Other operating Income                4.74                4.71                 6.89           7.52                     20.93
   Total          5,546.63         4,390.65         11,109.67     8,861.64               18,420.01
    2   Expenditure           
 a   (Increase) / Decrease in Stock in Trade and Work in Progress            (158.52)              86.08             (342.75)        476.49                  (269.42)
 b   Consumption of Raw Materials          3,176.62         2,499.96           6,517.55     4,950.44               10,733.25
 c   Purchase of Traded Goods               22.48              28.53               33.08          85.92                   181.24
 d   Power & Fuel             670.54            423.28           1,183.51        816.56                 1,874.72
 e   Employees Cost             141.20            100.93              282.17        196.79                   556.41
 f   Depreciation             132.54            113.71              262.83        220.38                   445.79
 g   Other Expenditure             639.82            577.90           1,269.82        989.99                 2,332.64
   Total          4,624.68         3,830.39           9,206.21     7,736.57               15,854.63
    3  Profit from Operation before Other Income, Interest and Exceptional Items             921.95            560.26           1,903.46     1,125.07                 2,565.38
    4  Other Income                    -                     -                      -                 -                            -  
    5  Profit before Interest and Exceptional Items             921.95            560.26           1,903.46     1,125.07                 2,565.38
    6  Interest             125.32              73.55              256.38        163.65                   319.09
    7  Profit after Interest but before Exceptional Items             796.63            486.71           1,647.08        961.42                 2,246.29
    8  Exceptional Items                    -                     -                      -                 -                            -  
    9  Profit from Ordinary Activities before Tax             796.63            486.71           1,647.08        961.42                 2,246.29
  10  Tax Expenses           
    - Current Tax             179.00                   -                356.00           0.07                       0.59
    - Deferred Tax               57.75              57.00              115.43        114.00                   241.74
  11  Net Profit from Ordinary Activities After Tax             559.88            429.71           1,175.65        847.35                 2,003.96
  12  Extra Ordinery Items ( Net of Tax Expenses )                    -                     -                      -                 -                            -  
  13  Net Profit for the period             559.88            429.71           1,175.65        847.35                 2,003.96
  14  Paid up Equity Share Capital ( face value Rs.10/-)          1,227.23         1,227.23           1,227.23     1,227.23                 1,227.23
  15  Reserves Excluding Revaluation Rserve                          8,517.68
  16  Basic / Diluted EPS for the period            
    Not annualised ( In Rupees)                4.56                3.50                 9.58           6.90                     16.33
  17 Public Shareholding           
      -  Numbers of Shares 4727510 4727510 4727510 4727510 4727510
      -  Percentage of Shareholding 38.52% 38.52% 38.52% 38.52% 38.52%
  18  Promoters and Promoter Group Shareholding           
 (a)   Pledged/Encumbered           
   Number of Shares  0 0 0 0 0
   Percentage of Shares (as a % of the total Shareholding of Promoter and Promoter Group)  0% 0% 0% 0% 0%
   Percentage of Shares (as a % of the total share capital of the company)  0% 0% 0% 0% 0%
 (b)   Non-encumbered           
   Number of Shares  7544752 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%

 100.00%
   Percentage of Shares (as a % of the total share capital of the company)  61.48% 61.48% 61.48%

61.48%

 61.48%
             
  Notes :          
1 The above financial results have been reviewed by the Audit Committee and approved by the  Board of Directors of the Company at their respective Meetings held on 3rd November, 2011.
2 The Statutory Auditors of the Company have carried out a "Limited Review" of the above results.
3 The Company has only one Business Segment to be reported namely Pigments, as per Accounting Standard - 17
4 The Board of Directors of the Company has declared an Interim dividend of 12.50% ( Rupee 1.25 per Equity Share of Rs. 10/- each ) for the year 2011-12 and fixed 17th November, 2011 as Record Date for ascertaning the entitlement.
5 There were 5 ( Five ) complaints received and resolved during the quarter. There were no pending complaint at the begining and end of the quarter.
6 Figures for the pervious corresponding period have been regrouped, wherever considered necessary.
7 Disclosure of Assets & Liabilities as at 30th September - 2011 as per clause 41 of the listing agreement :
                     (Rupees in Lacs)
  Particulars     As at 30.09.2011 (Unaudited) As at 30.09.2010 (Unaudited) As at 31.03.2011 (Audited)
             
  SHARE HOLERS'S FUNDS          
  a) Capital               1,227.23     1,227.23                 1,227.23
  b) Reserves and Surplus               9,693.33     7,791.82                 8,517.68
             
  LOAN FUNDS               5,033.71     3,119.28                 4,849.27
  Defered Tax Liability ( Net )                  951.17        708.00                   835.74
  TOTAL             16,905.44   12,846.33               15,429.92
             
  FIXED ASSETS               8,960.47     7,468.15                 8,236.21
  INVESTMENTS                   63.75          20.45                     63.75
  CURRENT ASSETS, LOANS AND ADVANCES          
  a) Inventories               3,147.33     1,811.42                 2,851.18
  b) Sundry Debtors               4,136.18     3,393.83                 3,967.72
  c) Cash & Bank Balances                  519.33        105.45                   193.18
  d) Loans and Advances               3,388.09     2,119.50                 2,642.82
                11,190.93     7,430.20                 9,654.90
  Less : Current Liabilities & Provisions          
  a) Liabilities               2,788.12     2,018.49                 2,121.67
  b) Provisions                  708.56        304.53                   639.72
                  3,496.68     2,323.02                 2,761.39
  Net Current Assets                7,694.25     5,107.18                 6,893.51
             
  MISCELLANEOUS EXPENDITURE  ( TO THE EXTENT NOT WRITTEN OFF )                  186.97        250.55                   236.45
             
  TOTAL             16,905.44   12,846.33               15,429.92
             
       

 

For and on behalf of Board of Directors
Asahi Songwon Colors Ltd.
           
Place: Indrad, Mehsana.

Date  :  03.11.2011

      

 

Mrs. Paru M. Jaykrishna
 Chairperson & Managing Director