SUNDARAM BRAKE LININGS LIMITED
Audited Financial Results - 31.03.2010
Investor Information
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31st MARCH 2010
Rs. lacs
 
Particulars
For the current year ended
Previous accounting year ended
31.03.2010
31.03.2009
(Audited)
(Audited)
1 (a) Net Sales
19,933.16
17,133.79
  (b) Other Operating Income
113.30
45.22
  Total Income
20,046.46
17,179.01
2 Expenditure
 
 
  a) (Increase) / Decrease in stock in trade and work in progress
(5.37)
58.49
  b) Consumption of raw materials & components
9,684.22
8,267.85
  c) Employee Cost
2,355.71
2,166.96
  d) Power & Fuel
2,267.65
1,702.07
  e) Depreciation
593.52
581.97
  f) Other expenditure
3,408.17
3,134.73
  Total Expenditure ( a ... f )
18,303.90
15,912.07
3 Profit from Operations before Other Income, Interest & Exceptional items (1-2)
1,742.56
1,266.94
4 Other Income
    -       
    -       
5 Profit before Interest & Exceptional items (3+4)
1,742.56
1,266.94
6 Interest
219.44
235.43
7 Profit after Interest but before Exceptional items (5-6)
1,523.12
1,031.51
8 Exceptional items:
 
 
  Ex-gratia to employees under Early Retirement Scheme
    -       
6.15
9 Profit from Ordinary Activities Before Tax(7-8)
1,523.12
1,025.36
10 Tax expense
 
 
   - Current Tax
373.96
397.73
   - Previous Years' Tax
    -       
(233.00)
   - Deferred Tax
33.00
(48.00)
   - Fringe Benefit Tax
    -       
17.00
11 Net Profit from Ordinary Activities After Tax(9-10)
1,116.16
891.63
12 Extraordinary Items (net of tax expense)
 
 
  Amount paid to various banks
499.04
440.32
13 Net Profit for the period
617.12
451.31
14 Paid up Equity Share Capital-Face Value-Rs.10/- each
393.46
271.35
15 Reserves excluding Revaluation Reserve as per balance sheet of previous accounting year
8,861.68
7,061.09
16 Earnings Per Share (EPS) - in Rs.
 
 
  a) Basic and diluted EPS before Extraordinary items (not annualised) - in Rs.(Based on Weighted Average number of shares as per AS 20)
29.83
31.66
  b) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs.(Based on Weighted Average number of shares as per AS 20)
16.49
16.02
17 Public shareholding
 
 
  - Number of shares
1,395,734
1,066,336
  - Percentage of shareholding
35.5%
39.3%
18 Promoters and Promoter Group Shareholding
 
 
  a. Pledged/Encumbered
 
 
  - Number of shares
Nil
Nil
  - Percentage of shares (as a % of the total shareholding of the promoter and promoter group)
Nil
Nil
  - Percentage of shares (as a % of the total share capital of the company)
Nil
Nil
  b. Non-encumbered
 
 
  - Number of shares
2,538,841
1,647,164
  - Percentage of shares (as a % of the total shareholding of the promoter and promoter group)
100.0%
100.0%
  - Percentage of shares (as a % of the total share capital of the company)
64.5%
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 31st March 2010 :

Number of complaints received and disposed during the quarter – 2 . 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. 80.62 Crores would become payable.
4 The above results were reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on 24th May 2010.
5 Prior period figures have been regrouped wherever necessary to conform to current period classification.
 
On behalf of the Board
For SUNDARAM BRAKE LININGS LIMITED
Kodaikanal
24th May 2010 		K MAHESH
CHAIRMAN & MANAGING DIRECTOR