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|

| 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 MANAGIN DIRECTOR |
FCI OEN CONNECTORS LIMITED
Regd Office: XXIX/2089, Tripunithura Road, Thykoodam, Cochin 682 019, Kerala
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER 2006
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|
|
|
3 months ended 30.09.2006 |
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 31.12.2005
(Audited) |
(Rs. in Lakhs) |
1 |
|
Net Sales/ Income from operations |
4904.28 |
3565.18 |
13223.19 |
10436.75 |
14092.03 |
2 |
|
Other Income |
318.96 |
242.53 |
1001.39 |
759.07 |
976.41 |
|
(a) |
Operational |
288.89 |
221.90 |
879.56 |
693.46 |
893.96 |
|
(b) |
Financial |
30.07 |
20.63 |
121.83 |
65.61 |
82.45 |
3 |
|
Total Expenditure |
4143.22 |
2868.17 |
11070.51 |
8617.25 |
11566.19 |
|
(a) |
(Increase)/Decrease
in stock in trade |
(100.76) |
(7.24) |
(593.06) |
(80.76) |
(35.07) |
|
(b) |
Consumption of raw materials |
3334.17 |
2141.63 |
9064.95 |
6270.22 |
8474.56 |
|
(c) |
Staff Expenditure |
294.48 |
238.36 |
879.74 |
685.05 |
940.12 |
|
(d) |
Other expenditure: |
615.33 |
495.42 |
1718.88 |
1742.74 |
2186.58 |
|
|
No single item exceeding 10% of the total expenditure |
|
|
|
|
|
4 |
|
Interest |
4.03 |
4.65 |
12.34 |
15.22 |
20.28 |
5 |
|
Depreciation |
242.97 |
227.54 |
726.48 |
646.57 |
882.33 |
6 |
|
Profit (+)/Loss (-) before tax (1+2-3-4-5) |
833.02 |
707.35 |
2415.25 |
1916.78 |
2599.64 |
7 |
|
Provision for taxation |
278.40 |
242.00 |
794.20 |
619.00 |
849.60 |
|
|
(a) |
Current Tax |
298.70 |
261.00 |
852.10 |
664.00 |
912.00 |
|
|
(b) |
Deferred Tax |
(20.30) |
(19.00) |
(57.90) |
(45.00) |
(62.40) |
8 |
|
Net Profit (+) /Loss (-) (6-7) |
554.62 |
465.35 |
1621.05 |
1297.78 |
1750.04 |
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) |
|
|
|
|
11074.62 |
11 |
|
Basic and diluted EPS for the period, for the year to date and for the previous year (not to be annualised) |
8.81 |
7.39 |
25.74 |
20.61 |
27.79 |
|
Notes:
1. 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.
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 24th October 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.
5. 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
24.10.2006 |
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 revaluation reserves (as per balance sheet) of previous accounting year to be given in column (5) |
|
|
|
|
11074.62 |
11 |
|
Basic and diluted EPS for the period, for the year to date and for the previous year ( not to be annualised) |
9.02 |
6.58 |
16.93 |
13.22 |
27.79 |
12 |
|
Aggregate of Non-Promoter shareholding
-Number of Shares
-% of shareholding |
2026145
32.17% |
2026145
32.17% |
2026145
32.17% |
2026145
32.17% |
2026145
32.17% |
|
Notes:
1. 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.
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 July 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.
5. 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.6.09 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
22.07.2006 |
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 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 | | | |