| UNAUDITED FINANCIAL RESULTS (PROVISIONAL)
FOR THE QUARTER/HALF YEAR ENDED 30th
SEPTEMBER,
2011
(Rs. In Lacs) |
| Sno. |
Particulars |
Qtr. Ended
30.09.2011
(UnAudited)
|
Corresponding Qtr.Ended
30.09.2010
(Un Audited)
|
Half
Year Ended
30.09.2011
(Un Audited) |
Corresponding Half Year Ended
30.09.2010
(Un Audited)
|
Year Ended
31.03.2011 (Audited) |
| 1 |
(a) Net Sales / Income from operations
(b)
Other Operating Income
|
571.59
0.00 |
358.86
0.00 |
1,090.22
0.00 |
860.19
0.00 |
1814.40
0.00 |
| |
Total Income (a+b) |
571.59 |
358.86 |
1,090.22 |
860.19 |
1814.40 |
|
2 |
Total Expenditure
a) Increase(-)/ Decrease (+) in stock in trade and work
in progress
b) Consumption of Raw Materials
c) Purchase of Traded Goods
d) Employees
cost
e) Depreciation
f) Other Expenditure (Including Excise Duty)
g) Total (Any item exceeding 10% of the total expenditure
to be shown separately) |
5.44
279.41
13.97
371.19
16.75
183.20
869.96 |
-26.86
167.66
42.13
326.53
17.48
104.18
631.12 |
-134.74
514.31
261.53
686.03
33.50
292.22
1,652.85 |
-53.42
398.01
146.65
629.34
34.98
226.02
1,381.58 |
-15.37
587.09
202.92
1,338.48
75.99
564.21
2,753.32 |
| 3 |
Profit From Operations before Other Income, Interest &
Exceptional Items (1-2) |
-298.37 |
-272.26 |
-562.63 |
-521.39 |
-938.92 |
|
4 |
Other Income |
304.39 |
276.25 |
578.58 |
533.90 |
968.53 |
|
5 |
Profit before Interest & Exceptional Items(3+4) |
6.02 |
3.99 |
15.95 |
12.51 |
29.61 |
|
6 |
Interest |
3.64 |
1.34 |
5.73 |
2.61 |
5.62 |
|
7 |
Profit after Interest but before Exceptional Items(5-6) |
2.38 |
2.65 |
10.22 |
9.90 |
23.99 |
|
8 |
Exceptional Items* |
NA |
NA |
NA |
NA |
NA |
|
9 |
Profit (+)/ Loss(-) from Ordinary Activities Before Tax
(7+8) |
2.38 |
2.65 |
10.22 |
9.90 |
23..99 |
|
10 |
Tax Expense (a) Tax Provision(b) Deferred Tax Asset
written off |
0.00
0.00 |
0.00
0.00 |
0.00
0.00 |
0.00
0.00 |
7.71
12.86 |
|
11 |
Net Profit (+)/Loss(-) from Ordinary Activities after
tax (9-10) |
2.38 |
2.65 |
10.22 |
9.90 |
3.42 |
| 12 |
Extraordinary
items(net of tax expense Rs)* |
NA |
NA |
NA |
NA |
NA |
| 13 |
Net
Profit(+)/Loss(-) for the period (11-12) |
2.38 |
2.65 |
10.22 |
9.90 |
3.42 |
| 14 |
Paid up Equity Share Capital (Face value of the Share
is Rs.10/-) |
1202.36 |
1202.36 |
1202.36 |
1202.36 |
1202.36 |
| 15 |
Reserves excluding revaluation reserve (As per Balance
Sheet of Previous Accounting Year) |
9,660.81 |
9,661.17 |
9,660.81 |
9,661.17 |
9,650.59 |
| 16 |
Earning Per Share -Basic/Diluted
a) Basic and diluted EPS before the Extraordinary items
for the period, for the year to date and for the
previous year (not to be annualized )
b) Basic and diluted EPS after the Extraordinary items
for the period, for the year to date and for the
previous year (not to be annualized ) |
0.02
0.02 |
0.02
0.02 |
0.08
0.08 |
0.08
0.08
|
0.03
0.03 |
| 17 |
Public Shareholding
- Number
of shares
- Percentage
of shareholding |
3461964
28.79 |
3461964
28.79 |
3461964
28.79 |
3461964
28.79 |
3461964
28.79 |
| 18 |
Promoters and promoter group Shareholding **
a) Pledged/Encumbered
- Number of shares
- Percentage
of shares (as a% of the total shareholding of
promoter group)
- Percentage of share (as a% of the
total share capital of the company)
b) Non-encumbered
- Number of shares
- Percentage of
shares (as a% of the total share holding of promoter
and promoter group)
-
Percentage of share (as a% of the share capital of
the company)
|
NIL
NA
NA
8561601
100.00
71.21 |
NIL
NA
NA
8561601
100.00
71.21 |
NIL
NA
NA
8561601
100.00
71.21 |
NIL
NA
NA
8561601
100.00
71.21 |
NIL
NA
NA
8561601
100.00
71.21 |
* There were no
Exceptional items and no Extraordinary items during
the quarter under review.
Notes |
1. |
The aforesaid
Unaudited Financial Results (Provisional) for the Quarter/Half Year
ended 30th September, 2011 have been taken on record by the Board
of Directors in their meeting held on 2nd
November,
2011. |
2. |
The company
is Primarily engaged in the business of Telecom
and its spares. As the basic nature of these activities
are governed by same set of risks and returns, the
sales have been grouped as single segment in the
accounts as per Accounting Standard-17 dealing with
'Segment Reporting' issued by ICAI. Other income
for the half year includes a sum of
Rs.441.91 lacs being interest income on the Investments made
by the company. |
3. |
In respect
of Accounting Standard 22 on " Accounting for taxes
on Income" issued by the Institute of
Chartered Accountants of India (ICAI), no
provision of income tax is required in respect of
Deferred Tax Liability for the current half year
ended 30th September, 2011. The
carrying amount in respect of deferred Tax Liability
as on 30th September, 2011 shall be reviewed & considered
in the annual accounts for the year ending 31st
March, 2012. Provision for MAT shall be reviewed
in the annual accounts for the year ending 31st March, 2012. |
| 4 |
There
were no
complaints received during the quarter ended
30th September, 2011 and no complaint is pending. |
| 5 |
The
Management's perception on the observations made by
the Auditors on the Annual Accounts (2010-11) is
given hereunder :
(i)
As regards non-recognition of the accrued interest
amounting to Rs.968.43 lacs (upto 12.07.2005 i.e
date of deposit of Rs.735.63 lacs by UP Govt.) from
UPCSMFL as per decree awarded by the court, we are
of the opinion that there being contingency in
realisation of interest in near future and as the
execution of the same is pending before the lower
court, the same has not been recognised. Matter
being sub-judice will be decided as per legal
procedure. The same has been in accordance with AS-9
on Revenue Recognition.
(ii) As regards observation made by the Auditors
regarding recognition of revenue on sales amounting
to Rs.104.69 lacs which has not been in accordance
with the Accounting Standard (AS-9) issued by the
institute of Chartered Accountants of India (ICAI),
the same have been accounted for as per past
practise.
(iii) Regarding accounting of certain income and
expenditure on cash basis, the same has been
accounted for as per disclosures of Accounting
Policy given in Schedule 22 of the accounts.
(iv) As regards excise duty demand including penalty
and interest aggregating to Rs.251.67 lacs (net of
pre-deposits) which is disputed, we are to inform
that company has filed an appeal and the same is
pending before the Central Excise Tribunal.
(v) The excise and custom duty demand of Rs.30.20
lacs is disputed with the Excise and Customs
Department. In this, Puncom had submitted the reply/neccessary
documents but no further communications have been
recieved till date.
(vi) As regards Sales Tax demand of Rs.14.85 lacs,
which is disputed, we are to inform that company has
filled an appeal and the same is pending in the
office of Dy. Commissioner, Commercial Taxes,
Hyderabad (A.P). |
|
|
|
|
For and on behalf of the Board |
|
|
| Place : S.A.S. Nagar |
Anurag Verma (IAS)
(R.K. Nangia)
J.S Bhatia |
| Date : November 02, 2011 |
Managing Director
Director
Head Finance |
|
