Unaudited list September2009
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 30th September 2009
Rs. lacs
Particulars
Quarter Ended
Half Year Ended
Year Ended
30.09.2009
30.09.2008
30.09.2009
30.09.2008
31.03.2009
(Unaudited)
(Unaudited)
(Audited)
1
(a) Net Sales
4,783.81
5,086.17
8,928.77
9,901.83
17,133.79
(b) Other Operating  Income
12.71
6.53
16.96
14.59
45.22
Total Income
4,796.52
5,092.70
8,945.73
9,916.42
17,179.01
2.
a) Decrease / (Increase) in stock in trade and work in progress
(167.05)
112.96
(165.69)
(63.21)
58.49
b) Consumption of raw materials & components
2,382.49
2,506.45
4275.95
4906.17
8267.85
c) Employee Cost
600.11
532.80
1,169.90
1,180.71
2166.96
d) Power & Fuel
560.38
487.96
1,015.12
912.01
1702.07
e) Depreciation
147.63
149.95
295.26
296.93
581.97
f) Other expenditures
819.15
803.01
1,482.45
1,677.54
3,134.73
Total Expenditure ( a ... f )
4,342.71
4,593.13
8,072.99
8,910.15
1,5912.07
3
Profit from Operations before Other Income, Interest & Exceptional items (1-2)
453.81
499.57
872.74
1,006.27
1,266.94
4
Other Income
0.00
0.00
5
Profit before Interest & Exceptional items (3+4)
453.81
499.57
872.74
1,006.27
1,266.94
6
Interest
65.83
64.04
137.92
118.44
235.43
7
Profit after Interest but before Exceptional items (5-6)
387.98
435.53
734.82
887.83
1,031.51
8
Exceptional items:
Ex-gratia to employees under Early Retirement Scheme
-
-
-
1.92
6.15
9
Profit from Ordinary Activities Before Tax (7-8)
387.98
435.53
734.82
885.91
1,025.36
10
Tax expense
- Current Tax
88.24
158.00
215.98
323.00
397.73
- Previous Year's Tax
-
-
-
-
(233.00)
- Deferred Tax
(17.25)
(5.50)
(7.75)
(13.50)
(48.00)
- Fringe Benefit Tax
-
5.50
-
8.50
17.00
11
Net Profit from Ordinary Activities After Tax (9-10)
282.49
277.53
511.09
567.91
891.63
12
Extraordinary Items (net of tax expense)
 
Amount paid / refunded / payable to various banks
124.76
205.39
249.52
205.39
440.32
13
Net Profit for the period (11-12).
157.73
72.14
261.57
362.52
451.31
14
Paid up Equity Share Capital-Face Value-Rs.10/- each
393.46
271.35
393.46
271.35
271.35
15
Reserves excluding Revaluation Reserve as per balance sheet of previous accounting year
 
7,061.09
16
Earnings Per Share (EPS) - in Rs.
a) Basic and diluted EPS before Extraordinary items (not annualised) - in Rs.
7.18
10.23
12.99
20.93
32.86
b) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs.
4.01
2.66
6.65
13.36
16.63
17
Public shareholding
- Number of shares
 1,395,734
1,066,336
1,395,734
1,066,336
1,066,336
- Percentage of shareholding
35.5%
39.3%
35.5%
39.3%
39.3%
18
Promoters and Promoter Group Shareholding
a. Pledged/Encumbered
- Number of shares
 Nil
Nil
Nil
Nil
Nil
- Percentage of shares (as a % of the total shareholding of the promoter and promoter group)
Nil
Nil
Nil
Nil
Nil
- Percentage of shares (as a % of the total share capital of the company)
Nil
Nil
Nil
Nil
Nil
b) Non-encumbered
- Number of shares
 2,538,841
1,647,164
 2,538,841
1,647,164
1,647,164
- Percentage of shares (as a % of the total shareholding of the promoter and promoter group)
100.0%
100.0%
100.0%
100.0%
100.0%
- Percentage of shares (as a % of the total share capital of the company)
64.5%
60.7%
64.5%
60.7%
60.7%
 
Note:
1 The operations of the Company relate only to one segment viz., friction materials.
2 Status of investor grievances for the Quarter ended 30th September 2009 : 

Number of complaints received and disposed during the quarter - Nill. Number of complaints pending unresolved at the commencement and at the close of the quarter - NIL.
3 Note on losses arising from purported derivative transactions:
As reported in earlier publications and Annual Accounts, certain derivative transactions were purported to have been entered into on behalf of the Company with some banks. The disputes relating to such transactions with all banks have been settled. The net amount paid by the Company relating to the period has been shown as Extraordinary Expenditure (net of tax). If the Company defaults in case of its financial commitments under the said settlement, the entire amount claimed by the Bank (net of payments made) equivalent to Rs. 91.12 Crores would become payable.
4 The Company raised in June 2009, long term resource by way of issue of 12,21,075 Equity Shares of Rs. 10/- each with a premium of Rs. 112/- per share on Rights basis for total value of Rs. 14,89,71,150/-. The Board of Directors in their meeting held on 29th June 2009, allotted 12,21,075 equity shares of Rs. 10/- each which has resulted in the enhancement of equity share capital from Rs. 271,35,000/- to Rs. 3,93,45,750/- and accretion to share premium account for Rs. 13,67,60,400/-.
  Details of utilisation of Proceeds of Rights Issue: Rs. Crores
  A. Total amount raised 14.89
  B. Utilisation: As per Offer Document Actual incurred / used Balance
  Working Capital requirements 14.24 14.24 -
  Issue expenses 0.65 0.51 0.14 *
14.89 14.75 0.14
* All the Rights Issue expenses have been met and paid for. Balance Rs. 0.14 Cr, being the savings in issue expenses has been used for Working Capital.
5 The above results were reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on 27th October 2009 and a limited audit review of the same has been carried out by the Statutory Auditors.
6 Prior period figures have been regrouped wherever necessary to conform to current period classification.
      On behalf of the Board
  For SUNDARAM BRAKE LININGS LIMITED
   
  Chennai K MAHESH
  29th October 2009 CHAIRMAN & MANAGING DIRECTOR