| |
|
| FCI OEN CONNECTORS LTD |
| Regd. Office: XXIX/2089, Tripunithura Road, Thykoodam, Cochin 682 019, Kerala |
| UNAUDITED FINANCIAL RESULTS FOR THE QUARTER/HALF YEAR ENDED 30TH JUNE 2007 |
|
|
|
3 months ended June 30, 2007 |
Corresponding 3 months period ended June 30,2006 |
6 months ended June 30, 2007 |
6 months ended June 30, 2006 |
Previous year ended December 31, 2006
(Audited) |
|
|
|
RS. IN LAKHS |
1 |
|
Net Sales/ Income from operations |
5,260.65 |
4,411.50 |
10,226.48 |
8,318.91 |
18,299.96 |
2 |
|
Other Income |
564.67 |
376.61 |
1,210.26 |
682.43 |
1,221.81 |
|
(a) |
Operational |
533.37 |
343.43 |
1,132.31 |
590.67 |
1,071.38 |
|
(b) |
Financial |
31.30 |
33.18 |
77.95 |
91.76 |
150.43 |
3 |
|
Total Expenditure |
4,591.33 |
3,693.98 |
9,146.72 |
6,927.29 |
15,448.54 |
|
(a) |
(Increase)/Decrease in stock in trade |
(77.42) |
(359.25) |
(52.07) |
(492.30) |
(323.53) |
|
(b) |
Consumption of raw materials |
2,834.01 |
2,862.39 |
5,819.24 |
5,110.79 |
10,359.63 |
|
(c) |
Purchase of traded goods |
845.61 |
324.64 |
1,436.99 |
619.99 |
1,849.33 |
|
(d) |
Staff Expenditure |
266.95 |
324.43 |
558.01 |
585.26 |
1,208.91 |
|
(e) |
Other expenditure |
722.18 |
541.77 |
1,384.55 |
1,103.55 |
2,354.20 |
4 |
|
Interest |
3.55 |
4.17 |
7.22 |
8.31 |
16.32 |
5 |
|
Depreciation |
265.31 |
245.95 |
506.85 |
483.51 |
994.70 |
6 |
|
Profit before tax (1+2-3-4-5) |
965.13 |
844.01 |
1,775.95 |
1,582.23 |
3,062.21 |
7 |
|
Provision for taxation |
324.87 |
275.80 |
586.97 |
515.80 |
1,099.60 |
|
(a) |
Current Tax ( including fringe benefits tax) |
357.97 |
303.40 |
664.87 |
553.40 |
1,177.60 |
|
(b) |
Deferred Tax |
(33.10) |
(27.60) |
(77.90) |
(37.60) |
(78.00) |
8 |
|
Net Profit before extra-ordinary item (6-7) |
640.26 |
568.21 |
1,188.98 |
1,066.43 |
1,962.61 |
9 |
|
Extra-ordinary item- net of tax (Note 3) |
1,352.77 |
- |
1,352.77 |
- |
- |
10 |
|
Net Profit after extra-ordinary item (8+9) |
1,993.03 |
568.21 |
2,541.75 |
1,066.43 |
1,962.61 |
11 |
|
Paid up Equity Share capital (face value of Rs.10/- each) |
629.74 |
629.74 |
629.74 |
629.74 |
629.74 |
12 |
|
Reserves excluding revaluation reserves |
|
|
|
|
12,831.41 |
13 |
(a) |
Basic and diluted EPS before extra-ordinary item |
10.17 |
9.02 |
18.88 |
16.93 |
31.17 |
|
(b) |
Basic and diluted EPS after extra-ordinary item |
31.65 |
9.02 |
40.36 |
16.93 |
31.17 |
14 |
|
Aggregate of Public shareholding |
|
|
|
|
|
|
|
-Number of Shares |
1995647 |
2026145 |
1995647 |
2026145 |
1995647 |
|
|
-% of shareholding |
31.69% |
32.17% |
31.69% |
32.17% |
31.69% |
| Notes: |
|
1. The above results were reviewed by the Audit Committee and approved and taken on record by the Board at its meeting held on July 21, 2007. The Statutory Auditors have carried out a limited review of the results for the quarter ended June 30, 2007.
2. The shareholders of the Company, at the Extraordinary General Meeting held on 11 June 2007, has approved the resolution regarding delisting the shares of the Company from the Bombay Stock Exchange Ltd. (BSE), National Stock Exchange of India Ltd. (NSE) and Cochin Stock Exchange Ltd. (CSE). With reference to the public announcement published on June 20, 2007, FCI SA (Acquirer) has accepted an exit price of Rs. 700 (Rupees Seven Hundred) per share.
3. The Company has disposed of its automotive division on 30th April, 2007 with effect from 1st January 2007. The extraordinary item represents the profit on sale of automotive division.
4. The results for the current quarter are strictly not comparable with that of the previous quarter due to the sale of automotive division.
5. There were no investor complaints pending at the beginning of the quarter. However, three 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.
6. The Company's operations relates to only one segment, ie., manufacture and sale of connectors: hence separate segment information is not given.
Cochin P. GEORGE VARGHESE
21.07.2007 MANAGING DIRECTOR |
FCI OEN CONNECTORS LTD
Registered Office: 29/2089, Tripunithura Road, Thykoodam, Cochin 682 019, Kerala
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST DECEMBER 2006
|
|
|
Figures for the quarter ended 31.12.06 |
Figures for the corres-ponding
quarter of the previ-us year
31.12.05 |
Audited figures for the current year ended 31.12.06 |
Audited figures of the previous year ended
31.12.05 |
Consolidated figures for the current year 31.12.06 |
Consolidated figures for the previous year 31.12.05 |
Rs. in lakhs |
1 |
|
Net Sales/ Income from operations |
5076.77 |
3655.28 |
18299.96 |
14092.03 |
18299.96 |
14092.03 |
2 |
|
Other Income |
220.42 |
217.34 |
1221.81 |
976.41 |
1224.29 |
1016.61 |
|
(a) |
Operational |
191.82 |
200.50 |
1071.38 |
893.96 |
1071.39 |
932.96 |
|
(b) |
Financial |
28.60 |
16.84 |
150.43 |
82.45 |
152.90 |
83.65 |
3 |
|
Total Expenditure |
4378.03 |
2948.94 |
15448.54 |
11566.19 |
15451.75 |
11599.74 |
|
(a) |
(Increase)/Decrease
in stock in trade |
269.53 |
45.69 |
(323.53) |
(35.07) |
(323.53) |
(35.07) |
|
(b) |
Consumption of raw materials |
3144.01 |
2204.34 |
12208.96 |
8474.56 |
12208.96 |
8474.56 |
|
(c) |
Staff Cost |
329.17 |
255.07 |
1208.91 |
940.12 |
1208.91 |
955.15 |
|
(d) |
Other expenditure: |
635.32 |
443.84 |
2354.20 |
2186.58 |
2357.41 |
2205.10 |
|
|
No single item exceeding 10% of the total expenditure |
|
|
|
|
|
|
4 |
|
Interest |
3.98 |
5.06 |
16.32 |
20.28 |
16.32 |
20.28 |
5 |
|
Depreciation |
268.22 |
235.76 |
994.70 |
882.33 |
994.70 |
890.14 |
6 |
|
Profit (+)/Loss (-) before tax (1+2-3-4-5) |
646.96 |
682.86 |
3062.21 |
2599.64 |
3061.48 |
2598.48 |
7 |
|
Provision for taxation |
305.40 |
230.60 |
1099.60 |
849.60 |
1099.60 |
851.70 |
|
|
(a) |
Current Tax |
325.50 |
248.00 |
1177.60 |
912.00 |
1177.60 |
912.22 |
|
|
(b) |
Deferred Tax |
(20.10) |
(17.40) |
(78.00) |
(62.40) |
(78.00) |
(60.52) |
8 |
|
Net Profit (+) /Loss (-) (6-7) |
341.56 |
452.26 |
1962.61 |
1750.04 |
1961.88 |
1746.78 |
9 |
|
Paid up Equity Share capital (face value of Rs.10/- each) |
629.74 |
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 (4) |
|
|
12831.41 |
11074.62 |
12831.41 |
11074.62 |
11 |
|
Basic and diluted EPS for the period, for the year to date and for the previous year ( not to be annualised) |
5.43 |
7.18 |
31.17 |
27.79 |
31.17 |
27.76 |
12 |
|
Aggregate of
Non-Promoter Shareholding
-Number of Shares
-% of shareholding |
1995647
31.69% |
2026145
32.17% |
1995647
31.69% |
2026145
32.17% |
1995647
31.69% |
2026145
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 was reviewed by the Audit Committee and thereafter approved by the Board at its meeting held on 22nd February 2007. Previous period figures have been regrouped wherever necessary. |
| 4.The Board has recommended a dividend of 22.5% for the year ended 31st December 2006. The Board has also agreed to declare an interim dividend of 50% for the current year, subject to the sale of the automotive connectors business being completed. This would be a special one-time interim dividend for the current year to recognise the profits arising out of the sale of the automotive connectors business. This dividend will be declared by the Board as soon as possible after the said sale is complete in all respects. |
| 5.The Company’s operations relates to only one segment, ie., manufacture and sale of connectors; hence separate segment information is not given. |
| 6.In compliance with the revised Accounting Standard 15 (AS15), which became effective from 1st April, 2006, the Company has revised its accounting policy in respect of employee benefits. Consequent upon the above change, profit before tax for the period is lower by Rs.12.05 lakhs. In accordance with the transitional provisions contained in the revised AS15, an amount of Rs.66.76 lakhs, (as adjusted for deferred tax of Rs.22.50 lakhs), representing the difference between liability under the new policy on the date of adoption and the liability that would have been recognized at the same date under the previous accounting policy, has been adjusted against the opening balance in the General Reserve. |
Cochin P. GEORGE VARGHESE
22.02.2007 MANAGING DIRECTOR |
 |
FCI OEN CONNECTORS LIMITED
Regd Office: XXIX/2089, Tripunithura Road, Thykoodam, Cochin 682 019, Kerala
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST MARCH 2007
|
|
|
3 months ended 31.03.2007 |
Correspond-ing 3 months in the previ- ous year ended
31.03.2006 |
Previous Accounting year ended 31.12.2006
(Audited) |
Rs. in lakhs |
1 |
|
Net Sales/ Income from operations |
4965.83 |
3907.41 |
18299.96 |
2 |
|
Other Income |
645.58 |
305.82 |
1221.81 |
|
(a) |
Operational |
598.93 |
247.24 |
1071.38 |
|
(b) |
Financial |
46.65 |
58.58 |
150.43 |
3 |
|
Total Expenditure |
4555.38 |
3233.31 |
15448.54 |
|
(a) |
(Increase)/Decrease in stock in trade |
25.35 |
(133.05) |
(323.53) |
|
(b) |
Consumption of raw materials |
3576.61 |
2543.75 |
12208.96 |
|
(c) |
Staff Expenditure |
291.05 |
260.83 |
1208.91 |
|
(d) |
Other expenditure: |
662.37 |
561.78 |
2354.20 |
|
|
No single item exceeding 10% of the total expenditure |
|
|
|
4 |
|
Interest |
3.67 |
4.14 |
16.32 |
5 |
|
Depreciation |
241.55 |
237.56 |
994.70 |
6 |
|
Profit (+)/Loss (-) before tax (1+2-3-4-5) |
810.81 |
738.22 |
3062.21 |
7 |
|
Provision for taxation |
262.10 |
240.00 |
1099.60 |
|
(a) |
Current Tax |
306.90 |
250.00 |
1177.60 |
|
(b) |
Deferred Tax |
(44.80) |
(10.00) |
(78.00) |
8 |
|
Net Profit (+) /Loss (-) (6-7) |
548.71 |
498.22 |
1962.61 |
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) |
|
|
12831.41 |
11 |
|
Basic and diluted EPS for the period, for the year to date and for the previous year (not to be annualised) (In Rupees) |
8.71 |
7.91 |
31.17 |
|
Notes:
1. The company has decided to dispose of its automotive division with effect from 1st January 2007, subject to necessary approvals. The business is carried out for and on behalf of the buyer till the closing of the transaction, as per the agreement entered into with the buyer. The closing of the transaction is expected to be completed by 30th April 2007. Therefore, the operating results from the automotive division is not included in the above financials, for the current quarter. Hence, the figures are strictly not comparable with that of the previous quarter. (Sales for the current quarter from the automotive division amounted to Rs. 586.88 lakhs, with an operating loss of Rs. 3.26 lakhs.)
2. The Board of Directors had declared an interim dividend of 50% on 8th March 2007 and the same was distributed to the shareholders on 29th March 2007.
3. Current tax for the quarter includes provision for fringe benefits tax.
4. Company’s operations relates to only one segment, viz., manufacture and sale of connectors. Hence separate segment information is not given.
5. The above result was reviewed by the Audit Committee and thereafter approved by the Board at its meeting held on 28.04.2007. This will be subjected to a limited review by the statutory auditors in due course.
6. There were no investor complaints pending at the beginning of the quarter. Also no complaints were received during the quarter, as per the certificate received from our Registrar & Share Transfer Agent, Cameo Corporate Services Ltd., Chennai.
|
Cochin
28.04.2007 |
P. GEORGE VARGHESE
MANAGING DIRECTOR |
| |
|
FCI OEN CONNECTORS LIMITED
Regd Office: XXIX/2089, Tripunithura Road, Thykoodam, Cochin 682 019, Kerala
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER/HALF YEAR ENDED 30TH JUNE 2006
|
|
|
3 months ended 30.06.2006 |
Correspon-ding 3
months in the previ- ous year |
Year to date figu -res for the current period |
Correspon-ding year to date figures for the previ-ous year |
Previous Accounting year ended 31.12.2005
(Audited) |
Rs. in Lakhs |
1 |
|
Net Sales/ Income from operations |
4411.50 |
3396.12 |
8318.91 |
6871.57 |
14092.03 |
2 |
|
Other Income |
376.61 |
259.45 |
682.43 |
516.54 |
976.41 |
|
(a) |
Operational |
343.43 |
231.07 |
590.67 |
471.56 |
893.96 |
|
(b) |
Financial |
33.18 |
28.38 |
91.76 |
44.98 |
82.45 |
3 |
|
Total Expenditure |
3693.98 |
2877.58 |
6927.29 |
5749.08 |
11566.19 |
|
(a) |
(Increase)/Decrease
in stock in trade |
(359.25) |
(23.23)
|
(492.30)
|
(73.52) |
(35.07) |
|
(b) |
Consumption of raw materials |
3187.03 |
2025.51 |
5730.78 |
4128.59 |
8474.56 |
|
(c) |
Staff Expenditure |
324.43 |
234.60 |
585.26 |
446.69 |
940.12 |
|
(d) |
Other expenditure: |
541.77 |
640.70 |
1103.55 |
1247.32 |
2186.58 |
|
|
No single item exceeding 10% of the total expenditure |
|
|
|
|
|
4 |
|
Interest |
4.17 |
5.31 |
8.31 |
10.57 |
20.28 |
5 |
|
Depreciation |
245.95 |
208.48 |
483.51 |
419.03 |
882.33 |
6 |
|
Profit (+)/Loss (-) before tax (1+2-3-4-5) |
844.01 |
564.20 |
1582.23 |
1209.43 |
2599.64 |
7 |
|
Provision for taxation |
275.80 |
150.00 |
515.80 |
377.00 |
849.60 |
|
|
(a) |
Current Tax |
303.40 |
211.00 |
553.40 |
403.00 |
912.00 |
|
|
(b) |
Deferred Tax |
(27.60) |
(61.00) |
(37.60) |
(26.00) |
(62.40) |
8 |
|
Net Profit (+) /Loss (-) (6-7) |
568.21 |
414.20 |
1066.43 |
832.43 |
1750.04 |
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 revaluati | | | |
