Financial Results

  Chairmans speech '07
  Directors Report '06
  Corporate Governance '06
  Balance Sheet /
P&L Account '06
  31st March 06
  31st December 05
  30th September 05
  30th June 2005
  31st March 2005
   
   
   
   
   
   
   
   
   

 

 

 

 

 

 

FCI OEN CONNECTORS LIMITED
Regd Office: XXIX/2089, Tripunithura Road, Thykoodam, Cochin 682 019, Kerala

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST MARCH 2006

3 months ended 31.03.2006

Correspond-ing 3 months in the previ- ous year

31.03.2005

Previous Accounting year ended 31.12.2005

(Audited)

Rs. in lakhs

1

Net Sales/ Income from operations

3907.41

3475.45

14092.03

2

Other Income

305.82

257.09

976.41

(a)

Operational

247.24

240.49

893.96

(b)

Financial

58.58

16.60

82.45

3

Total Expenditure

3233.31

2871.50

11566.19

(a)

(Increase)/Decrease in stock in trade

(133.05)

(50.29)

(35.07)

(b)

Consumption of raw materials

2543.75

2103.08

8474.56

(c)

Staff Expenditure

260.83

212.09

940.12

(d)

Other expenditure:

561.78

606.62

2186.58

No single item exceeding 10% of the total expenditure

4

Interest

4.14

5.26

20.28

5

Depreciation

237.56

210.55

882.33

6

Profit (+)/Loss (-) before tax (1+2-3-4-5)

738.22

645.23

2599.64

7

Provision for taxation

240.00

227.00

849.60

(a)

Current Tax

250.00

192.00

912.00

(b)

Deferred Tax

(10.00)

35.00

(62.40)

8

Net Profit (+) /Loss (-) (6-7)

498.22

418.23

1750.04

9

Paid up Equity Share capital (face value of Rs.10/- each)

629.74

629.74

629.74

10

Reserves excluding revaluation reserves (as per balance sheet) of previous accounting year to be given in column (3)

11074.62

11

Basic and diluted EPS for the period, for the year to date and for the previous year (not to be annualised) (in Rupees)

7.91

6.64

27.79

 
Notes:

1. There were no investor complaints pending at the beginning of the quarter. However, two complaints received during the quarter were disposed of during the quarter, as per the certificate received from our Registrars & Share Transfer Agent, Cameo Corporate Services Ltd, Chennai.
2. Current tax for the quarter includes fringe benefits tax.
3. The above financial results have been subjected to the limited review by the statutory auditors. The same was reviewed by the Audit Committee and thereafter approved by the Board at its meeting held on 22nd April 2006. Previous period figures have been regrouped wherever necessary.
4. Company’s operations relates to only one segment, ie., manufacture and sale of connectors; hence separate segment information is not given.
Cochin
22.04.2006 		P. GEORGE VARGHESE
MANAGING DIRECTOR

 

FCI OEN CONNECTORS LIMITED
Registered Office: XXIX/2089, Tripunithura Road, Thykoodam, Cochin 682 019, Kerala

BALANCE SHEET AS AT DECEMBER 31, 2006

 
  Schedule
No.		 As At
31-12-2006
Rs.		 As At
31-12-2005
Rs.
I. SOURCES OF FUNDS      
SHAREHOLDERS' FUNDS :      
(a) Share Capital 1 62,991,520 62,991,520
(b) Reserves and surplus 2 1,283,140,957 1,107,462,495
    1,346,132,477 1,170,454,015
       
LOAN FUNDS :      
Unsecured loans 3 17,407,000 18,954,000
    17,407,000 18,954,000
       
DEFERRED TAX LIABILITY, NET 4 35,550,383 45,600,383
    1,399,089,860 1,235,008,398
       
II. APPLICATION OF FUNDS      
FIXED ASSETS : 5    
(a) Gross block   1,093,186,710 1,040,804,191
(b) Less: Depreciation   (608,390,968) (525,744,915)
(c) Net block   484,795,742 515,059,276
(d) Capital work-in-progress   212,882,654 11,704,321
    697,678,396 526,763,597
       
INVESTMENTS 6 248,995,057 261,260,786
LEASE RECEIVABLE, LONG TERM   5,892,920 11,215,870
CURRENT ASSETS, LOANS AND ADVANCES :      
(a) Inventories 7 249,001,642 196,031,058
(b) Sundry debtors 8 383,308,613 302,201,760
(c) Cash & bank balances 9 91,148,696 94,850,836
(d) Other current assets 10 3,979,058 3,987,591
(e) Loans and advances 11 548,983,897 403,281,451
    1,276,421,906 1,000,352,696
       
LESS :      
CURRENT LIABILITIES AND PROVISIONS :      
(a) Liabilities 12 (a) 375,140,248 227,585,780
(b) Provisions 12 (b) 454,758,171 336,998,771
    829,898,419 564,584,551
       
NET CURRENT ASSETS   446,523,487 435,768,145
    1,399,089,860 1,235,008,398
       
SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS 15    
       
Schedules 1 to 12 and 15 annexed hereto form part of the Balance Sheet      
       
As per our report attached      
For Deloitte Haskins & Sells   P. George Varghese M. V. Pylee
Chartered Accountants   Managing Director Vice Chairman
       
M. Ramachandran   Biju K. Elias G. Rajamani
Partner   Company Secretary AGM - Finance
       
    S. N. Talwar
Chairman 		 
   

 

  
Cochin
Date : 22.02.2007 		  Cochin  

FCI OEN CONNECTORS LTD.
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED DECEMBER 31, 2006
 
  Schedule
No. 		For the year ended
31-12-2006
Rs. 		For the year ended
31-12-2006 Rs.
Rs.
INCOME :      
Turnover :      
     Export sales   1,057,413,137 828,227,445
     Local sales   854,743,786 640,852,739
     Less: Excise duty   (82,160,650) (59,877,523)
     Net sales   1,829,996,273 1,409,202,661
     Other income 13 122,181,141 96,517,420
    1,952,177,414 1,505,720,081
       
EXPENDITURE :      
Manufacturing and other expenditure 14 (1,544,854,166) (1,155,494,979)
Depreciation 5 (99,470,641) (88,233,540)
Interest   (1,631,993) (2,027,687)
    (1,645,956,801) (1,245,756,206)
       
Profit before tax   306,220,614 259,963,875

Current tax

  (106,500,000) (89,200,000)
Income tax relating to earlier years   (8,900,000) -
Deferred tax   7,800,000 6,240,000
Fringe benefit tax   (2,359,581) (2,000,000)
Profit after tax   196,261,033 175,003,875
Add: Profit brought forward from previous year   514,863,851 406,016,547
    711,124,884 581,020,422
Less: Transfer to general reserve   (50,000,000) (50,000,000)
     Proposed dividend   (14,169,323) (14,169,323)
     Corporate dividend tax   (1,987,248) (1,987,248)
Profit carried to Schedule 2   644,968,313 514,863,851
       
Basic and diluted earnings per share (equity shares of face value Rs. 10 each) (Refer Note 24 in Schedule 15)   31.17 27.79
       
SIGNIFICANT ACCOUNTING POLICIES
AND NOTES ON ACCOUNTS 		15    
       
Schedules 13 to 15 annexed hereto form part of the Profit and Loss Account  
As per our report attached      
For Deloitte Haskins & Sells   P. George Varghese M. V. Pylee
Chartered Accountants   Managing Director Vice Chairman
       
M. Ramachandran   Biju K. Elias G. Rajamani
Partner   Company Secretary AGM - Finance
       
    S. N. Talwar
Chairman 		 
       
Cochin
Date : 22.02.2007
  Cochin
Date 		 

 

FCI OEN CONNECTORS LIMITED
Registered Office: XXIX/2089, Tripunithura Road, Thykoodam, Cochin 682 019, Kerala

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER 2005
 
      3 months ended 30.09.2005 Correspon-ding 3 months in the previ- ous year Year to date figu -res for the current period Year to date figures for the previous year Previous Accounting year
ended 31.12.2004(Audited)

Rs. in lakhs
1   Net Sales/ Income from operations 3565.18 3042.21 10436.75 7691.17 11297.19
2   Other Income 242.53 225.99 759.07 683.84 1030.15
  (a) Operational 221.90 202.50 693.46 508.01 830.00
  (b) Financial 20.63 23.49 65.61 175.83 200.15
3   Total Expenditure 2868.17 2575.35 8617.25 6524.55 9759.71
  (a) (Increase)/Decrease in stock in trade (7.24) 79.13 (80.76) (481.34) (287.91)
  (b) Consumption of raw materials 2141.63 1835.99 6270.22 5233.53 7479.86
  (c) Staff Expenditure 238.36 191.34 685.05 518.80 708.49
  (d) Other expenditure:   No single item exceeding 10% of the total expenditure 495.42 468.89 1742.74 1253.56 1859.27
4   Interest 4.65 5.14 15.22 15.91 21.87
5   Depreciation 227.54 194.56 646.57 534.50 789.89
6

 		   Profit (+)/Loss (-) before tax (1+2-3-4-5) 707.35 493.15 1916.78 1300.05 1755.87
7   Provision for taxation 242.00 165.00 619.00 417.00 576.71
  (a) Current Tax 261.00 129.00 664.00 345.00 471.71
  (b) Deferred Tax (19.00) 36.00 (45.00) 72.00 105.00
8   Net Profit (+) /Loss (-) (6-7) 465.35 328.15 1297.78 883.05 1179.16
9   Paid up Equity Share capital (face value of Rs.10/- each) 629.75 629.75 629.75 629.75 629.75
10

 		   Reserves excluding revaluation reserves (as per balance sheet) of previous accounting year to be given in column (5)         9486.15
11


 		   Basic and diluted EPS for the period, for the year to date and for the previous year (not to be annualised) 7.39 5.21 20.61 14.47 19.17
Notes:

1. There were no investor complaints pending at the beginning of the quarter. However, one complaint received during the quarter was disposed of during the quarter, as per the certificate received from our Registrars & Share Transfer Agent, Cameo Corporate Services Ltd, Chennai.

2. Current tax for the quarter includes fringe benefits tax.

3. The above financial results have been subjected to the limited review by the statutory auditors. The same was reviewed by the Audit Committee and thereafter approved by the Board at its meeting held on 15 October 2005. Previous period figures have been regrouped wherever necessary.

4. Company’s operations relates to only one segment, ie., manufacture and sale of connectors; hence separate segment information is not given.
Cochin
15.10.2005 		P. GEORGE VARGHESE
MANAGING DIRECTOR

FCI OEN CONNECTORS LIMITED
Registered Office: XXIX/2089, Tripunithura Road, Thykoodam, Cochin 682 019, Kerala

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER/HALF YEAR ENDED 30TH JUNE 2005
 
      3 months ended 31.06.2005 Correspon-ding 3 months in the previ- ous year Year to date figures for the current period Correspon-ding year to date figures for the previous year Previous Accounting year ended 31.12.2004
(Audited)

Rs. in lakhs
1   Net Sales/ Income from operations 3396.12 2362.89  6871.57 4648.96 11297.19
2   Other Income 259.45    161.41 516.54 457.85 1030.15
  (a) Operational 231.07  136.98 471.56 305.51 830.00
  (b) Financial 28.38 24.43 44.98 152.34 200.15
3   Total Expenditure 2877.58  1984.24 5749.08  3949.20 9759.71
  (a) (Increase)/Decrease in stock in trade (23.23) (545.83) (73.52) (560.47) (287.91)
  (b) Consumption of raw materials 2025.51 2008.58 4128.59 3397.54 7479.86
  (c) Staff Expenditure 234.60 168.55  446.69 327.46 708.49
  (d) Other expenditure:   No single item exceeding 10% of the total expenditure 640.70 352.94  1247.32 784.67 1859.27
4   Interest 5.31  5.34 10.57 10.77 21.87
5   Depreciation 208.48  208.77 419.03 339.94 789.89
6

 		   Profit (+)/Loss (-) before tax (1+2-3-4-5) 564.20 325.95  1209.43 806.9 1755.87
7   Provision for taxation 150.00 128.00 377.00 252.00 576.71
  (a) Current Tax 211.00 126.00 403.00 216.00 471.71
  (b) Deferred Tax (61.00)    2.00 (26.00) 36.00 105.00
8   Net Profit (+) /Loss (-) (6-7) 414.20  197.95 832.43 554.90 1179.16
9   Paid up Equity Share capital (face value of Rs.10/- each) 629.74   629.74 629.74 629.74 629.74
10

 		   Reserves excluding revaluation reserves (as per balance sheet) of previous accounting year to be given in column (5)         9486.15
11


 		   Basic and diluted EPS for the period, for the year to date and for the previous year (not to be annualised) 6.58 3.14 13.22 9.25 19.17
12   Aggregate of Non-Promoter shareholding          
    -Number of Shares 2026145 2026145 2026145 2026145 2026145
    -% of shareholding 32.17% 32.17% 32.17% 32.17% 32.17%
Notes:

1. There were no investor complaints pending at the beginning of the quarter. However, two complaints received during the quarter were disposed of during the quarter, as per the certificate received from our Registrars & Share Transfer Agent, Cameo Corporate Services Ltd, Chennai.

2. Current tax for the quarter includes fringe benefits tax.

3. The above financial results have been subjected to the limited review by the statutory auditors. The same was reviewed by the Audit Committee and thereafter approved by the Board at its meeting held on 24 July 2005. Previous period figures have been regrouped wherever necessary.

4. Company's operations relates to only one segment, ie., manufacture and sale of connectors; hence separate segment information is not given.
Cochin
24.07.2005 		P. GEORGE VARGHESE
MANAGING DIRECTOR



FCI OEN CONNECTORS LIMITED
Reg. Office: XXIX/2089, Tripunithura Road, Thykoodam, Cochin-682019, Kerala.

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST March 2005
      3 months ended 31.03.2005 Correspon-ding 3 months in the previ- ous year Previous Accounting year ended 31.12.2004
(Audited)
Rs. in lakhs
1   Net Sales/ Income from operations 3475.45 2286.07 11297.19
2   Other Income 257.09 296.44 1030.15
  (a) Operational 240.49 168.53 830.00
  (b) Financial 16.60 127.91 200.15
3   Total Expenditure 2871.50 1964.96 9759.71
  (a) (Increase)/Decrease in stock in trade (50.29) (14.64) (287.91)
  (b) Consumption of raw materials 2103.08 1388.96 7479.86
  (c) Staff Expenditure 212.09 158.91 708.49
  (d) Other expenditure:   No single item exceeding 10% of the total expenditure 606.62 431.73 1859.27
4   Interest 5.26 5.43 21.87
5   Depreciation 210.55 131.17 789.89
6

 		   Profit (+)/Loss (-) before tax (1+2-3-4-5) 645.23 480.95 1755.87
7   Provision for taxation 227.00 124.00 576.71
  (a) Current Tax 192.00 90.00 471.71
  (b) Deferred Tax 35.00 34.00 105.00
8   Net Profit (+) /Loss (-) (6-7) 418.23 356.95 1179.16
9   Paid up Equity Share capital (face value of Rs.10/- each) 629.74 629.74 629.74
10

 		   Reserves excluding revaluation reserves (as per balance sheet) of previous accounting year to be given in column (3)     9486.15
11




 		   Basic and diluted EPS for the period, for the year to date and for the previous year (not to be annualised) 6.64 6.25 19.17