SUNDARAM BRAKE LININGS LIMITED
UNAUDITED RESULTS SEP 2015
Investor Information
UNAUDITED FINANCIAL RESULTS  FOR THE QUARTER / SIX MONTHS ENDED 30th SEPTEMBER 2015
Rs. lacs
 
Particulars
For the Quarter / three months ended
For the six months ended
For the Year ended
 
  30.09.2015 30.06.2015 30.09.2014 30.09.2015 30.09.2014 31.03.2015
 
(Unaudited)
(Unaudited)
(Audited)
1 Income from Operations            
  (a)  Net sales /  income from operations (net of excise duty) 5,853.74 5,447.41 6,359.25 11,301.15 11,941.55 23,492.66
  (b) Other Operating Income 31.92 41.54 28.55 73.46 59.14 158.11
  Total Income from operations (net) 5,885.66 5,488.95 6,387.80 11,374.61 12,000.69 23,650.77
2 Expenses





  (a) Cost of materials consumed 2,698.14 2,559.73 3,641.20 5,257.87 6,585.94 12,246.71
  (b) Purchases of stock-in-trade - - - - - -
  (c) Changes in inventories of finished goods & work-in-progress 26.15 58.75 (410.11) 84.90 (297.36) (624.56)
  (d) Employee benefits expense 1,127.96 1,089.14 980.08 2,217.10 1,917.69 3,851.51
  (e) Depreciation and amortisation expense 177.51 177.51 177.00 355.02 354.00 688.77
  (f) Other expenses 1,786.56 1,853.27 1,986.89 3,639.83 3,922.80 8,112.02
  Total Expenses ( a ... f ) 5,816.32 5,738.40 6,375.06 11,554.72 12,483.07 24,274.45
3 Profit/ (Loss) from Operations before Other Income, finance cost & Exceptional items (1-2) 69.34 (249.45) 12.74 (180.11) (482.38) (623.68)
4 Other Income 46.11 19.78 31.39 65.89 42.42 98.76
5 Profit / (Loss) from ordinary activities before finance costs & Exceptional items (3+4) 115.45 (229.67) 44.13 (114.22) (439.96) (524.92)
6 Finance costs 88.29 93.04 81.05 181.33 171.50 368.04
7 Profit / (Loss) from ordinary activities after finance costs but before Exceptional items (5-6) 27.16 (322.71) (36.92) (295.55) (611.46) (892.96)
8 Exceptional items - - - - - -
9 Profit / (Loss) from Ordinary Activities Before Tax (7 - 8) 27.16 (322.71) (36.92) (295.55) (611.46) (892.96)
   





10 Tax expense





  - Current Tax - - - - - (0.09)
  - Previous Year's Tax - - - - - (644.44)
  - Deferred Tax - - - - - 82.75
   





11 Net Profit/ (Loss) from Ordinary Activities After Tax (9 - 10) 27.16 (322.71) (36.92) (295.55) (611.46) (1,454.74)
12 Extraordinary Items (net)  (net of tax expense) - - - - - -
13 Net Profit / (Loss) for the period (11 - 12) 27.16 (322.71) (36.92) (295.55) (611.46) (1,454.74)
14 Paid up Equity Share Capital-Face Value-Rs.10/- each 393.46 393.46 393.46 393.46 393.46 393.46
15 Reserves excluding Revaluation Reserve as per Balance Sheet of previous accounting year




6,592.19
16 Earnings Per Share  (EPS) - in Rs.





  a) Basic and diluted EPS before Extraordinary items (not annualised) - in Rs. 0.69 (8.20) (0.94) (7.51) (15.54) (36.97)
  b) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs. 0.69 (8.20) (0.94) (7.51) (15.54) (36.97)
  See accompanying note to the financial results            
PART II
A PARTICULARS OF SHAREHOLDING            
1 Public shareholding            
  - Number of shares 1,355,791 1,355,791 1,355,791 1,355,791 1,355,791 1,355,791
  - Percentage  of shareholding 34.5% 34.5% 34.5% 34.5% 34.5% 34.5%
2 Promoters and Promoter Group Shareholding            
  a. Pledged/Encumbered            
  - Number of shares Nil 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 Nil
  - Percentage of shares (as a % of the total share capital of the company) Nil Nil Nil Nil Nil Nil
  b. Non-encumbered            
  - Number of shares 2,578,784 2,578,784 2,578,784 2,578,784 2,578,784 2,578,784
  - 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% 100.0%
  - Percentage of shares (as a % of the total share capital of the company) 65.5% 65.5% 65.5% 65.5% 65.5% 65.5%
 
Particulars
3 months ended 30th September
B INVESTOR COMPLAINTS  
     
  Pending at the beginning of the quarter  Nil
  Received during the quarter Nil
  Disposed of during the quarter Nil
  Remaining unresolved at the end of the quarter Nil
Notes :   
1 Statement of Assets and Liabilities (Unaudited):
As at 30.09.2015 (current half year end)
As at 31.03.2015 (previous year end)
     
Rs. Lacs
Rs. Lacs
   
(Unaudited)
 (Audited)
A EQUITY AND LIABILITIES        
           
1 Shareholders' funds        
  (a) Share Capital 393.46
393.46
  (b) Reserves & Surplus 6,296.64
6,592.19
  (c) Money received against Share Warrants -
-
  Sub-total - Shareholders' funds
6,690.10
6,985.65
2 Share application maney pending allotment
-
-
3 Non-current liabilities



  (a) Long-term borrowings 498.05
764.15
  (b) Deferred tax liabilities (net) 1,198.02
1,198.02
  (c) Other long-term liabilities -
-
  (d) Long-term provisions 72.87
72.87
  Sub-total - Non-current liabilities
1,768.94
2,035.04
4 Current liabilities



  (a) Short-term borrowings 3,631.69
3,764.88
  (b) Trade payables 2,194.87
2,273.39
  (c) Other current liabilities 605.12
617.06
  (d) Short-term provisions 2,216.24
2,001.53
  Sub-total - Current liabilities
8,647.92
8,656.86
  TOTAL - EQUITY AND LIABILITIES
17,106.96
17,677.55
   



B. ASSETS



1 Non-current Assets



  (a) Fixed Assets 7,834.72
8,073.97
  (b) Non-Current Investments 2.10
2.10
  (c) Deferred Tax Assets (Net) -
-
  (d) Long-term Loans & Advances 423.27
437.33
  (e) Other Non-Current Assets 0.00
0.22
  Sub-total - Non-current Assets
8,260.09
8,513.62
2 Current Assets



  (a) Current Investments -
-
  (b) Inventories 2,501.58
2,876.54
  (c) Trade Receivables 5,377.98
5,403.13
  (d) Cash and cash equivalents 481.82
343.45
  (e) Short-term loans and advances 485.49
540.81
  (f) Other Current Assets -
-
  Sub-total - Current Assets
8,846.87
9,163.93
  TOTAL - ASSETS
17,106.96
17,677.55

2.

   The operations of the Company relate only to one segment viz., friction materials.
3.

   The above results and the Statement of Assets and Liabilities were reviewed by the Audit Committee and approved by the Board of Directors    at its meeting held on 31st October 2015 and a limited audit review of the same has been carried out by the Statutory Auditors.

4.

   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                                              

KRISHNA MAHESH

MANAGING DIRECTOR
  31st October 2015
Visit our website :   www.tvsbrakelinings.com