SUNDARAM BRAKE LININGS LIMITED
Unaudited Results Sept2012
Investor Information
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER / SIX MONTHS ENDED 30th SEPTEMBER 2012
              Rs. lacs
  Particulars For the Quarter / three months ended For the six months ended Year ended
     
30.09.2012 30.06.2012 30.09.2011 30.09.2012 30.09.2011 31.03.2012
(Unaudited) (Unaudited) (Audited)
               
1 Income from Operations            
  (a) Net sales / income from operations (net of excise duty) 5,312.12 5,581.51 6,527.12 10,893.63 12,787.08 25,354.61
  (b) Other Operating Income 28.20 106.02 63.22 134.22 168.39 216.21
  Total Income from operations (net) 5,340.32 5,687.53 6,590.34 11,027.85 12,955.47 25,570.82
2 Expenses            
  (a) Cost of materials consumed 2,928.80 2,874.61 3,450.36 5,803.41 6,894.11 13,179.28
  (b) Purchases of stock-in-trade - - - - - -
  © Changes in inventories of finished goods & work-in-progress (335.57) (2.44) (89.95) (338.01) (125.73) (185.35)
  (d) Employee benefits expense 895.25 920.66 839.52 1,815.91 1,663.55 3,337.58
  (e) Depreciation and amortisation expense 175.98 211.86 197.53 387.84 395.04 762.50
  (f) Other expenses 1,790.46 1,909.40 1,717.36 3,699.86 3,351.18 7,042.22
  Total Expenses (a ... f) 5,454.92 5,914.09 6,114.82 11,369.01 12,178.15 24,136.23
3 Profit/ (Loss) from Operations before Other Income, finance cost & Exceptional items (1-2) (114.60) (226.56) 475.52 (341.16) 777.32 1,434.59
4 Other Income 6.75 6.88 16.33 13.63 34.03 67.35
5 Profit / (Loss) from ordinary activities before finance costs & Exceptional items (3+4) (107.85) (219.68) 491.85 (327.53) 811.35 1,501.94
6 Finance costs 81.39 88.01 103.38 169.40 205.55 386.39
7 Profit / (Loss) from ordinary activities after finance costs but before Exceptional items (5-6) (189.24) (307.69) 388.47 (496.93) 605.80 1,115.55
8 Exceptional items - - - - - -
9 Profit / (Loss) from Ordinary Activities Before Tax (7 - 8) (189.24) (307.69) 388.47 (496.93) 605.80 1,115.55
10 Tax expense - - 81.39 - 124.87 227.33
11 Net Profit/ (Loss) from Ordinary Activities After Tax (9 - 10) (189.24) (307.69) 307.08 (496.93) 480.93 888.22
12 Extraordinary Itemsb (net) (net of tax expense) - - 139.99 - 279.98 831.76
13 Net Profit / (Loss) for the period (11 - 12) (189.24) (307.69) 167.09 (496.93) 200.95 56.46
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           9,228.15
16 Earnings Per Share (EPS) - in Rs.            
  a) Basic and diluted EPS before Extraordinary items (not annualised) - in Rs. (4.81) (7.82) 7.80 (12.63) 12.22 22.57
  b) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs. (4.81) (7.82) 4.25 (12.63) 5.11 1.44
  See accompanying note to the financial results            
PART II            
Select information for the quarter and half year ended 30th September 2012, same period of previous year and previous year ended 31st March 2012
A PARTICULARS OF SHAREHOLDING            
1 Public shareholding            
  - Number of shares 1,392,734 1,392,734 1,392,734 1,392,734 1,392,734 1,392,734
  - Percentage of shareholding 35.4% 35.4% 35.4% 35.4% 35.4% 35.4%
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 2,541,841 2,541,841 2,541,841 2,541,841 2,541,841 2,541,841
  - 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) 64.6% 64.6% 64.6% 64.6% 64.6% 64.6%
             
 
  Particulars 3 months ended 30th September 2012
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 30.09.2012 (current half year end) As at 31.03.2012 (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   8,731.22   9,228.15    
  (c) Money received against Share Warrants    -    -    
  Sub-total - Shareholders' funds     9,124.68   9,621.61  
2 Share application maney pending allotment      -    -  
3 Non-current liabilities            
  (a) Long-term borrowings   969.65   1,075.59    
  (b) Deferred tax liabilities (net)   1,172.37   1,172.37    
  (c) Other long-term liabilities   -   -    
  (d) Long-term provisions   62.34   62.34    
  Sub-total - Non-current liabilities     2,204.36   2,310.30  
4 Current liabilities            
  (a) Short-term borrowings   2,325.14   2,714.91    
  (b) Trade payables   1,926.63   1,922.35    
  (c) Other current liabilities   343.50   361.09    
  (d) Short-term provisions   557.79   725.04    
  Sub-total - Current liabilities     5,153.06   5,723.39  
  TOTAL - EQUITY AND LIABILITIES     16,482.10   17,655.30  
               
  ASSETS            
1 Non-current Assets            
  (a) Fixed Assets   8,488.67   8,803.24    
  (b) Non-Current Investments   0.01   0.01    
  (c) Deferred Tax Assets (Net)   -   -    
  (d) Long-term Loans & Advances   291.06   295.41    
  (e) Other Non-Current Assets   6.71   8.09    
  Sub-total - Non-current Assets     8,786.45   9,106.75  
2 Current Assets            
  (a) Current Investments   -   52.50    
  (b) Inventories   1,967.85   1,785.44    
  (c) Trade Receivables   4,375.99   5,223.53    
  (d) Cash and cash equivalents   645.36   936.33    
  (e) Short-term loans and advances   706.45   550.75    
  (f) Other Current Assets   -   -    
  Sub-total - Current Assets     7,695.65   8,548.55  
  TOTAL - ASSETS     16,482.10   17,655.30  
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 2nd November 2012 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 K MAHESH
  2nd November 2012 CHAIRMAN & MANAGING DIRECTOR