· 2019. 11. 18. · g) power. h) stores i) other ej total expem 5 profit i (los. 6 exceptional i...

7
." SL.N O. Income fron. 1 (a) Net Sale~ 2 (b) Other Inc 3 Total incom 4 Expenses a) Cost 01 b) Purcha c) Chang. slock-i d) Emplo\ e) Finanel f) Depreci g) Power. h) Stores i) Other eJ Total expem 5 Profit I (Los. 6 Exceptional I 7 Profil befor 8 Tax Expens 1.Current Ta 2. less: MAl 3.Deferred T 9 Profit I Los 10 Profit I Los 11 Tax expens 12 Profit I Loss 13 Profitfor th 14 Othercomp a) (i) Items th 1. Re-m 2. share exten 3. Gain (ii) Income b) (i) Items th (ii) Income Total other C( 15 Total other 16 Paid-up equ Face Value 17 Reserve Excl balance she 18 Earnings Pe (of Rs.101- - Basic - Diluted 19 Earnings Pe (ofRs.l01- (a) Basic (b) Dilut SRI NACHAMMAI COnON MILLS LIMITED Regd.Office: No.181 "VASANTHAM" 4th Cross Street, New Falrlands, Salem 636 016 CIN:L17115TZ1980PLCOO0916 Website: www.sncmlndla.com Statement of Unaudited Financial Results for the Quarter and Half year ended 30th September 2019 Quarterly - - Half Yearly Year ended PARTICULARS 30.09.2019 30.06.2019 30.09.2018 30.09.2019 30.09.2018 31.03.2019 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) operations Rs.ln Lakhs I Income from Operations 3,134.66 3,543.42 3.632.33 6,678.08 8,822.63 15,986.23 .rne (Net) 28.18 29.32 32.25 57.50 62.18 131.07 , (1+2) 3,162.84 3,572.74 3,664.58 6,735.58 8,884.81 16,117.30 naterials consumed 2,772.08 2,872.24 3,374.43 5,644.32 6,261.32 11,836.11 e of stock-In-trade - ; 45.20 - 45.20 - s in inventories of finished goods, -trade & Work-in-progress (858.90) (707.14) (1,305.96) (1,566.04) (419.96) (1,574.32) ees benefit expense 340.80 332.27 391.04 673.07 753.23 1,300.72 costs 161.37 136.61 117,17 297.98 239.32 494.35 ltion and amortisation expense 26.84 26.74 31.85 53.58 60.46 126.29 nd fuel expenses 459.53 451,11 470.41 910.64 915.62 1,785.46 ~ Spares 111.14 175.89 245.08 287.03 423.90 902.47 ,Jenses 266.05 277.23 259.36 543.28 516.14 1,178.33 es 3,278.91 3,564.95 3,628.58 6,843.86 , 8,795.23 16,049.41 I exceptional Items and tax (3-4) (116.07) 7.79 36.00 (108.28) 89.68 67.89 ~ms - ~ - - - IX (5+6) (116.07) 7.79 36.00 (108.28) 89.58 67.89 I ; (MAT) · 1.50 - 1.50 - 2.34 · Credit Entitlement · (1.50) ; (1.50) . (2.34) i( 21.18 (2.16) lU5 19.02 22.82 55.34 for the period from continuing operations (7 ·8) (94.89) 6.63 23.25 (89.26) 66.76 12.55 from discontinued operations - ; ; - - - I; of discontinued operations - ; - - - - from discontinued operations after tax (10-11) - ; - ; ; - I period (11+12) (94.89) 5.63 23.25 (89.26) 66.76 12.55 \ I ihenslve Income,(Net of Taxes) ,t will not be reclassified to prott or loss .asurements of defined benefit plans 0.50 0.50 (1.50) 1.00 (2.50) 2.00 of other comprehensive income in associates to the t lot be classified Into profit or loss. , m fair valaation of investments (0.29) (0.24) (0,02) (0.53) (0.47) (0.41) .ax relating to items that will not be reclassified to profit or loss (0.14) (0.07) 0.01. (0.21) 0.39 (0.10) .t will be reclassified to prott or loss · - ; - - - ax relating to items that will be reclassified to profit or loss - - - - - -nprehensive income net of income tax 0.07 0.19 (1.51) 0.26 (2.58) 1.49 e smprehenslve Income for the period (13+14) (94.82) 5.82 21.74 (89.00) 64.18 14.04 it share Capital 428.64 428.64 428.64 428.64 428.64 428.64 P .r share (Rs.) 10.00 10.00 10.00 10.00 10.00 10.00 ding Revaluation Reserves as per ; - , - - 1,815.94 e of previous accounting year I Share (R.s.) (not annuaiised) e Ich) ( not annualised) (2.21) 0.13 0.54 (2.08) 1.56 0.29 (2.21) 0.13 0.54 (2.08) 1.56 0.29 I Share (after extraordinary Items) e ,chI ( not annuaiised) (2.21) 0.13 0.54 (2.08) 1.56 0.29 e, (2.21) 0.13 0.54 (2.08) 1.56 0.29

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Page 1:  · 2019. 11. 18. · g) Power. h) Stores i) Other eJ Total expem 5 Profit I (Los. 6 Exceptional I 7Profil befor 8 Tax Expens 1.Current Ta 2. less: MAl 3.Deferred T 9 Profit I Los

."

SL.NO.

Income fron.1 (a) Net Sale~2 (b) Other Inc3 Total incom4 Expenses

a) Cost 01b) Purchac) Chang.

slock-id) Emplo\e) Finanelf) Deprecig) Power.h) Storesi) Other eJ

Total expem

5 Profit I (Los.

6 Exceptional I

7 Profil befor

8 Tax Expens1.Current Ta2. less: MAl3.Deferred T

9 Profit I Los

10 Profit I Los11 Tax expens12 Profit I Loss13 Profitfor th

14 Othercompa) (i) Items th

1. Re-m2. share

exten3. Gain

(ii) Incomeb) (i) Items th

(ii) IncomeTotal other C(

15 Total other

16 Paid-up equFace Value

17 Reserve Exclbalance she

18 Earnings Pe(of Rs.101-

- Basic- Diluted

19 Earnings Pe(ofRs.l01-

(a) Basic(b) Dilut

SRI NACHAMMAI COnON MILLS LIMITEDRegd.Office: No.181 "VASANTHAM" 4th Cross Street, New Falrlands, Salem 636 016

CIN:L17115TZ1980PLCOO0916 Website: www.sncmlndla.comStatement of Unaudited Financial Results for the Quarter and Half year ended 30th September 2019

Quarterly - - Half Yearly Year endedPARTICULARS 30.09.2019 30.06.2019 30.09.2018 30.09.2019 30.09.2018 31.03.2019

(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)

operations Rs.ln LakhsI Income from Operations 3,134.66 3,543.42 3.632.33 6,678.08 8,822.63 15,986.23.rne (Net) 28.18 29.32 32.25 57.50 62.18 131.07, (1+2) 3,162.84 3,572.74 3,664.58 6,735.58 8,884.81 16,117.30

naterials consumed 2,772.08 2,872.24 3,374.43 5,644.32 6,261.32 11,836.11e of stock-In-trade - ; 45.20 - 45.20 -s in inventories of finished goods,-trade & Work-in-progress (858.90) (707.14) (1,305.96) (1,566.04) (419.96) (1,574.32)ees benefit expense 340.80 332.27 391.04 673.07 753.23 1,300.72costs 161.37 136.61 117,17 297.98 239.32 494.35

ltion and amortisation expense 26.84 26.74 31.85 53.58 60.46 126.29nd fuel expenses 459.53 451,11 470.41 910.64 915.62 1,785.46~ Spares 111.14 175.89 245.08 287.03 423.90 902.47,Jenses 266.05 277.23 259.36 543.28 516.14 1,178.33es 3,278.91 3,564.95 3,628.58 6,843.86 , 8,795.23 16,049.41

Iexceptional Items and tax (3-4) (116.07) 7.79 36.00 (108.28) 89.68 67.89

~ms - ~ - - -IX (5+6) (116.07) 7.79 36.00 (108.28) 89.58 67.89

I

; (MAT) · 1.50 - 1.50 - 2.34· Credit Entitlement · (1.50) ; (1.50) . (2.34)i ( 21.18 (2.16) lU5 19.02 22.82 55.34

• for the period from continuing operations (7 ·8) (94.89) 6.63 23.25 (89.26) 66.76 12.55

• from discontinued operations - ; ; - - -I ; of discontinued operations - ; - - - -

from discontinued operations after tax (10-11) - ; - ; ; -I period (11+12) (94.89) 5.63 23.25 (89.26) 66.76 12.55

\I ihenslve Income,(Net of Taxes)

,t will not be reclassified to prott or loss.asurements of defined benefit plans 0.50 0.50 (1.50) 1.00 (2.50) 2.00of other comprehensive income in associates to the

t lot be classified Into profit or loss. ,m fair valaation of investments (0.29) (0.24) (0,02) (0.53) (0.47) (0.41).ax relating to items that will not be reclassified to profit or loss (0.14) (0.07) 0.01. (0.21) 0.39 (0.10).t will be reclassified to prott or loss · - ; - - -ax relating to items that will be reclassified to profit or loss - - - - --nprehensive income net of income tax 0.07 0.19 (1.51) 0.26 (2.58) 1.49

e smprehenslve Income for the period (13+14) (94.82) 5.82 21.74 (89.00) 64.18 14.04

it share Capital 428.64 428.64 428.64 428.64 428.64 428.64P .r share (Rs.) 10.00 10.00 10.00 10.00 10.00 10.00

ding Revaluation Reserves as per ; - , - - 1,815.94e of previous accounting year

I Share (R.s.) (not annuaiised)e Ich) ( not annualised)

(2.21) 0.13 0.54 (2.08) 1.56 0.29(2.21) 0.13 0.54 (2.08) 1.56 0.29

I Share (after extraordinary Items)e ,chI ( not annuaiised)

(2.21) 0.13 0.54 (2.08) 1.56 0.29e, (2.21) 0.13 0.54 (2.08) 1.56 0.29

Page 2:  · 2019. 11. 18. · g) Power. h) Stores i) Other eJ Total expem 5 Profit I (Los. 6 Exceptional I 7Profil befor 8 Tax Expens 1.Current Ta 2. less: MAl 3.Deferred T 9 Profit I Los

121

NOTES:1. The above un.iudited financial results were reviewed by the audit committee and approved by the Board of Directors at their meeting held on 14th November 2019.2. The above unaudited financial results were subjected to limited review by the statutory auditors.3. The Company has only single reportable Business Segment i.e.'Textlle Segment'.4. The statement has been prepared In accordance with the Companies (Indian Accounting Standards) Rules, 2015 prescribed under section 133 of the Companies Act, 2013 and other

recognised a(l.ounting practices and polices to the extent applicable5. Figures have been regrouped I rearranged wherever necessary.

6. Statement of "\andalone assets and liabilities Rs In Lakhs., --Particulars As at As at

Sept, 2019 March, 2019AssetsNon-current i ssetsProperty, plan and equipment 3032.02 3060.95Capital work i progress 0.00 0.00Intangible ass Is 0.00 0.00Financial Ass. lS

Investment 64.35 64.89Loans 0.00 0.00Other finan ial assets 36.05 40.14

Deferred tax £ :set (net) 266.30 245.98Other non-cur, ent assets - 73.22 73.80

3471.94 3485.76Current asse ,Inventories 7264.63 6673.43Financial Ass. ts

Trade rece lables 1272.77 1761.14Ca~h and L !sh equivalents 32.10 . 10.45Bank balan :es other than above 138.16 199.94Loans 0.00 0.00

Other current issets 139.78 165.468847,44 - 8810.42

Total - Asset, 12319,38 12296,18

Equity and L abllltlesEquity

Equity shai l capital 428.64 428.64Other Equi ( 1726.94 1815.96

2155.58 2244.60Non current I abilities \

Financial L abilitiesBorrowing~ 1800.37 1520.60Other finan :ialliabilitles • 1700.13 2026.72Provisions - - 78.37 - 72.37

3578.87 - 3619.69Current lIabii tiesFinancial Liat lilies

Borrowing! 4694.90 4690.01Trade pay. bles 776.45 1092.20

Other current iabilities 1098.83 634.80Provisions 14.75 14.88

6584,93 6431.89

Total - Equll) and Liabilities 12319.38 12296.18

,

Page 3:  · 2019. 11. 18. · g) Power. h) Stores i) Other eJ Total expem 5 Profit I (Los. 6 Exceptional I 7Profil befor 8 Tax Expens 1.Current Ta 2. less: MAl 3.Deferred T 9 Profit I Los

----_.- .--------

SALEM14.11.2019

P.UMAYALCHAIRMAN CUM MANAGING DIRECTOR

_ DIN: 00110260

Statement of Ca' n Flows for the period ended Sept 30 2019 Rs In Lakhsr= For the period For the periodended Sept)O' 19 __ ended Sept 30' 18

Cash Flow From Jperating ActivitiesProfit before 1ncoo.18 tax (108.29) 89.58

Adjustments f(.:DepreCIation and amortisation expense 53.58 60.46Profit all sale of fixed assetsInterest expense 297.98 239.32tnteres. Income (52.33) (50.29)

- -Operating Profit t .lore Wor1<lngCapital Changes 190.94 339.07Change in operat ,g assets and liabilities

(Inerea e) / Decrease In other financial assets 4.09 1.28(Increa e) / Decrease In inventories (591.20) 44.08(Increa.e) / Decrease in trade receivables 488.37 689.43(Increa e) / Decrease In olher assets 24.77 67.08Increal.,J / (Decrease) In provisions. other liabilities 145.21 340.34lncraaso / (Decrease) In !rade payables (315.75) • (475.00)

--Cash generated I, om operations (53.57) 1.006.28Less: Income t<l) lS paid (net of refunds) 0.62 (0.34)

Net cash froml ( sed In) operating activities (A) (52.95) _~.005.94

Cash Flows fro. Investing ActivitiesPurchase 'f PPE (including changes in CWIP) (24.70) (80.40)(InveSirn€; ts In)/ Maturity of fiXed deposits wlih banks 61.78 82.00Investmel: s .Inlerest n: eived 53.25 52.53

-Net cash Iroml ( .sed In) investing activities (B) 90.33 54.13- - -

Cash Flows Frc. IFinancing ActivitiesRepayme( , of Iong-Ierm borrowings 279.76 (243.44)Repaymel • from short-term borrowings (net) 4.89 (554.08)Interest p:id (300.38) (239.32)

Net cash Iroml • ,sed In) financing activities (C) ,!15.n) - (1,036.84)

Net Increase (du.rease) in cash and cash equivalents (A+B+C) 21.65 . 23.23Cash and cash (,. ulvalents at the beginning of the financial year 10.45 30.32Cash and cash, qulvalents at end olthe year 32.10 53:55- -Notes:1. The above ca: I flow statement has been prepared under Indirect method prescribed InInd As 7 Cash F, iIStatements.2. Corrponents c cash and cash equivalents

Salane .s wilh banks• In :urrent accounts 16.43 49.72• M rgin Money Deposit wlih Banks

Cash ( Ihand - 15.67 3.83

-- -32.10 - 53·55

For SRI NACHAMMAI COnON MILLS LIMITED

p,~~

Page 4:  · 2019. 11. 18. · g) Power. h) Stores i) Other eJ Total expem 5 Profit I (Los. 6 Exceptional I 7Profil befor 8 Tax Expens 1.Current Ta 2. less: MAl 3.Deferred T 9 Profit I Los

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CIN: L 17115TZ1980PLC000916 Website; www.sncmindia.com30092019 .9I6lillJlL'" l'P~6lI"'L!I;!fj ",w""''''"Ql w!iJWIID .9I"'VUJw"'"Ql !fj...nll;",,,, Gl••uJUJUULW!fj pllllll pll..,,,, l'P~6ljffimwna v

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ffiW"'"","(!j .9I",vww"'"(!j ffiQORlI;ffiW","Ql30.09.2019 30.06.2019 30.09.2018 30.09.2019 30.09.2018 31.03.2019(jD..oIII;..,,,, (Ib..olll;",o; (1b...n1i;6O>a; (lb...nli;..,,,, (Ib..olll;6O>a; (lb..olli;"'ffi

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3,134.66 3,543.42 3,632.33 6,678.08 8,822.63 15,986.2328.18 29.32 32.25 57.50 62.18 131.07

3,162.84 3,572.74 3,664.58 6,735.58 8,884.81 16.117.30

2,772.08 2,872.24 3,374.43 5,644.32 6,261.32 11,836.11- . 45.20 - 45.20 -

(858.90) (707.14) (1,305.96) (1,566.04) (419.96) (1,574.32)340.80 332.27 391.04 673.07 753.23 1,300.72161.37 136.61 117.17 297.98 239.32 494.35

26.84 26.74 31.85 53.58 60.46 126.29459.53 451.11 470.41 910.64 915.62 1,785.46111.14 175.89 245.08 287.03 423.90 902.47266.05 277.23 259.36 543.28 516.14 1,178.33

3,278.91 3,564.95 3,628.58 6,843.86 8,795.23 16,049.41,(116.07) 7.79 36.00 (108.28) 89.58 67.89

0.00 0.00 0.00 0.00 0.00 0.00

(116.07) 7.79 36.00 (108.28) 89.58 67.89.0.00 1.50 0.00 1.50 0.00 2.340.00 (1.50) 0.00 (1.50) 0.00 (2.34)

21.18 (2.16) 12.75 19.02 22.82 55.34(94.89) 5.63 23.25 (89.26) 66.76 12.55

0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0:00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00(94.89) 5.63 23.25 (89.26) 66.76 12.55

,0.50 0.50 (1.50) 1.00 (2.50) 2.00

(0.29) (0.24) (0.02) (0.53) (0.47) (0.41)

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0.00 0.00 0.00 0.00 0.00 0.00

0.07 0.19 (1.51) 0.26 (2.58) 1.49.

(94.82) 5.82 21.74 (89.00) 64.18 14.04

428.64 428.64 428.64 428.64 428.64 428.6410.00 10.00 10.00 10.00 10.00 10.00

0.00 0.00 0.00 0.00 0.00 1815.94

(2.21) 0.13 0.54 (2.08) 1.56 0.29

(2.21) 0.13 0.54 (2.08) 1.56 0.29

(2.21) 0.13 0.54 (2.08) 1.56 0.29

12.21 0.13 0.54 12.08 1.56 0.29

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DIN: 00110260

Page 7:  · 2019. 11. 18. · g) Power. h) Stores i) Other eJ Total expem 5 Profit I (Los. 6 Exceptional I 7Profil befor 8 Tax Expens 1.Current Ta 2. less: MAl 3.Deferred T 9 Profit I Los

v.V. SOUNDARARAJAN s CO.,Chartered Accountants# 9/4, II Cross, Moravaneri, Solem - 636 007.Ph. :2413220,2417350,94437 13220E-mail: [email protected]@gmail.com

ToThe Board of Directors

Sri Nachammai Cotton Mills Limited,

30 Sugavaneswara Road, Balaji Nagar,Salem -636004

II

1 We have reviewed the accompanying statement of unaudited financial results of Sri Nachammai Cotton MillsLimited for the Quarter and Half year ended so" September 2019. This statement is the responsibility of theCompany's Management and has been approved by the Board of Directors. Our responsibility is to issue areport on these financial statements based on our review.

2 We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE)2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued bythe Institute of Chartered Accountants of India. This standard requires that we plan and perform the review toobtain moderate assurance as to whether the financial statements are free of material misstatement. A reviewis limited primarily to inquiries of company personnel and analytical procedures applied to financial data andthus provide less assurance than an audit. We have not performed an audit and accordingly, we do notexpress an audit opinion.

3 Based on our review conducted as above, nothing has come to our attention that causes us to believe that theaccompanying statement of unaudited financial results prepared in accordance with applicable accountingstandards and other recognized accounting practices and policies has not disclosed the information requiredto be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any materialmisstatement.

For V.v.Soundararajan & Co.,Chartered Accountants

F :003944S

Place: SalemDate: 14.11.2019

PartnerM.No:021435

UDIN: 19021435AAAAHG7156