ASAHI SONGWON COLORS LTD

Regd. Office : 167/168, Indrad Village, Kadi Kalol Road, Chhatral, distt. Mehsana


UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED ON 31ST DECEMBER, 2011
      Quarter Ended      Nine Months Ended   Bitmap
Year Ended
    Particulars 31/12/2011 30/09/2011 31/12/2010 31/12/2011 31/12/2010 31/03/2011
      (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
 1.   a)   Sales and Income from Operations          6,021.98         5,541.89      4,809.24        17,124.76        13,663.36              18,399.08
   b)   Other operating Income                9.53               4.74            1.84              16.42                9.36                    20.93
     Total          6,031.51         5,546.63      4,811.08        17,141.18        13,672.72              18,420.01
 2.     Expenditure:             
   a)   (Increase) / Decrease in Stock in Trade and Work in Progress              (81.78)           (158.52)          (93.92)            (424.53)             382.57                  (269.42)
   b)   Consumption of Raw Materials          3,393.83         3,176.62      2,817.50          9,911.38          7,767.94              10,733.25
   c)   Purchase of Traded Goods                7.50              22.48           68.37              40.58             154.29                   181.24
   d)   Power & Fuel             649.26            670.54         508.03          1,832.77          1,324.59                1,874.72
   e)   Employees Cost             195.89            141.20         108.87             478.06             305.66                   556.41
   f)   Depreciation             133.27            132.54         111.97             396.10             332.35                   445.79
   g)   Other Expenditure             759.70            639.82         649.07          2,029.52          1,639.06                2,332.64
     Total          5,057.67         4,624.68      4,169.89        14,263.88        11,906.46              15,854.63
 3.     Profit from Operation before Other Income, Interest and Exceptional Items             973.84            921.95         641.19          2,877.30          1,766.26                2,565.38
 4.     Other Income                    -    -                 -                     -                     -                           -  
 5.     Profit before Interest and Exceptional Items             973.84            921.95         641.19          2,877.30          1,766.26                2,565.38
 6.     Interest & Financial Charges             139.27            125.32           76.58             395.65             240.23                   319.09
 7.     Profit after Interest but before Exceptional Items             834.57            796.63         564.61          2,481.65          1,526.03                2,246.29
 8.     Exceptional Items                    -    -             0.03                   -                  0.03                         -  
 9.     Profit from Ordinary Activities before Tax             834.57            796.63         564.58          2,481.65          1,526.00                2,246.29
            10    Tax Expenses             
      - Current Tax             252.00            179.00                -               608.00                0.07                      0.59
      - Deferred Tax               59.57              57.75           59.00             175.00             173.00                   241.74
 11.     Net Profit from Ordinary Activities After Tax             523.00            559.88         505.58          1,698.65          1,352.93                2,003.96
 12.     Extra Ordinary Items                    -                    -                     -                     -                           -  
 13.     Net Profit for the period             523.00            559.88         505.58          1,698.65          1,352.93                2,003.96
 14.     Paid up Equity Share Capital          1,227.23         1,227.23      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
 16.     Basic / Diluted EPS for the period              
     Not annualised ( In Rupees)                4.26               4.56            4.12              13.84              11.02                    16.33
 17.    Public Shareholding:            
        -  Number of Shares 4727510 4727510 4727510 4727510 4727510 4727510
        -  Percentage of shareholding 38.52% 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 0
     Percentage of Shares                                                        (as a % of the total Shareholding of Promoter and Promoter Group)  0% 0% 0% 0% 0% 0%
     Percentage of Shares                                                        (as a % of the total share capital of the company)  0% 0% 0% 0% 0% 0%
   b)   Non-encumbered             
     Number of Shares  7544752 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% 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% 61.48%

Notes:

 1. The above financial results were reviewed by the Audit Committee and approved by the  Board of Directors in their meeting held on 21st January, 2012.
 2. The Auditors of the Company have carried out the Limited Review of the above financial results.
 3. The Company has only one Business Segment to be reported namely Pigments, as per Accounting Standard - 17.
 4. There was no outstanding compliant from the shareholders at the beginning and end of the quarter and no compliant was received during the quarter.

 5. Figures for the pervious corresponding period have been regrouped, wherever considered necessary.

 

                                                                                                                                                                                            For and on behalf of Board of Directors

                                                                                                                                                                                                                  Asahi Songwon Colors Ltd.


 

  Place : Indrad, Mehsana                                                                                                                                                                         Mrs. Paru M. Jaykrishna

  Date 21st January 2011                                                                                                                                                  Chairperson & Managing Director