| UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER, 2003 |
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(Rupees
in Lacs) |
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Quarter ended |
Quarter ended |
Half year ended |
Half year ended |
Accounting year |
| Sr. |
PARTICULARS |
30.09.03 |
30.09.02 |
30.09.03
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30.09.02
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ended 31.03.03 |
| No. |
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(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
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| 1 |
Net Sales/Income from Operations |
4,062 |
1,883 |
7,779 |
3,495 |
12,283 |
| 2 |
Other Income |
128 |
42 |
137 |
76 |
116 |
| 3 |
Total Expenditure |
3,782 |
1,665 |
7,240 |
3,136 |
11,759 |
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a) (Increase) /decrease
in stock-in-trade |
(34) |
117 |
(63) |
53 |
(418) |
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b) Consumption of raw materials |
1,872 |
823 |
3,502 |
1,621 |
5,029 |
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c) Purchase of Finished
Goods |
229 |
134 |
484 |
289 |
1,816 |
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d) Staff Cost |
485 |
227 |
873 |
444 |
1322 |
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e) Other Expenditure |
1,230 |
364 |
2,444 |
729 |
4,010 |
| 4 |
Interest |
12 |
12 |
36 |
36 |
95 |
| 5 |
Depreciation |
26 |
16 |
46 |
26 |
68 |
| 6 |
Gross Profit after interest
& Depreciation |
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but before Taxation (1+2-3-4-5) |
370 |
232 |
592 |
373 |
477 |
| 7 |
Extraordinary & Prior
Period Expenses |
11 |
- |
14 |
- |
(5) |
| 8 |
Provision for Taxation(current) |
76 |
51 |
141 |
79 |
128 |
| 9 |
Profit before deferred
tax (6-7-8) |
283 |
181 |
437 |
294 |
354 |
| 10 |
Provision for deferred tax |
10 |
3 |
15 |
11 |
36 |
| 11 |
Net Profit (9-10) |
273 |
178 |
422 |
283 |
318 |
| 12 |
Paid-up Equity Share Capital
(Face Value Rs.10/-) |
343 |
339 |
343 |
339 |
343 |
| 13 |
Reserves Excluding Revaluation
Reserves |
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4638 |
| 14 |
Earning per share (Rs.)
(basic & diluted) |
7.96 |
5.25 |
12.30 |
8.35 |
9.27 |
| 15 |
Aggregate of non-promoter
Shareholding |
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--Number of Shares |
899,554 |
892,740 |
899,554 |
892,740 |
899,554 |
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--Percentage of shareholding |
26.22 |
26.31 |
26.22 |
26.31 |
26.22 |
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* Not Annualised |
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Notes: |
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1. The above
unaudited financial results as reviewed by the audit comittee were taken
on record by the Board of Directors in their meeting held on 21st Oct, 2003. |
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2.The tax provision
is higher due to phase out of tax incentive on export profits. |
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3. The Income
Tax provision including deferred taxation for the quarter is on estimated
basis. The actual provision will be made at the year end. |
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4. The financial
results for the quarter ended 30-9-2003 is after giving effect of merger
of Mayfair Limited on account of amalgamation of the said company with Zodiac
Clothing Company Ltd and hence not comparable with
the corresponding quarter ended on 30-9-2002. |
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5. The above
unaudited financial results for the quarter ended 30-9-2003 were reviewed
by the statutory auditors of the Company. |
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6. Segments
have been identified in line with the accounting standard on segment reporting
taking into account the organisation structure as well the differential
risk and returns of thesesegments. The company operates
mainly in the Garment and accessories segment and has no reportable business
segment which exceeds 10% of the total turnover
as required by theaccounting standard (AS - 17) of ICAI. |
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7.
There were no investor complaints pending at the beginning of the current
quarter. One complaint was received during the quarter and was duly attended
to. There is no pending complaint at the end
of the quarter. |
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8. Previous
year figures have been regrouped, wherever necessary. |
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By
order of the Board |
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For Zodiac Clothing Company Ltd |
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Date: 21st Oct '03 |
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A.Y.
Noorani |
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Place: Mumbai |
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Vice
Chairman & Managing Director |
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