KANANI INDUSTRIES LIMITED

R.O. : G-6, PRASAD CHAMBERS, TATA ROAD NO.2, OPERA HOUSE, MUMBAI- 400 004.
STATEMENT OF STANDALONE/CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER/YEAR ENDED 31ST MARCH, 2012
(` in lakhs)
Standalone Result Standalone Result Consolidated Result
Quarter Ended Year Ended Year Ended
Particulars
31.03.2012 31.12.2011 31.03.2011 31.03.2012 31.03.2011 31.03.2012 31.03.2011
Audited Unaudited Audited Audited Audited Audited Audited
1. Income
a. Sales/ Income from Operation 3,173.50 5,420.10 2,908.85 14,026.89 15,166.70 16,555.09 15,166.70
b. Other Operating Income - - - - - - -
Total Income 3,173.50 5,420.10 2,908.85 14,026.89 15,166.70 16,555.09 15,166.70
2. Expenditure
a. Consumption of Raw Material and Paking Material 2,830.41 5,376.18 3,358.22 13,243.29 13,695.17 16,338.95 13,695.17
b. Changes in inventories of finished goods, Work-in progress and
stock-in trade 101.44 (52.67) (378.05) 378.21 (318.70) (247.20) (318.70)
c. Employees Cost 9.69 12.11 12.87 48.70 52.83 48.70 52.83
d. Depreciation 3.05 3.04 3.39 12.19 13.56 12.19 13.56
e. Other Expenses 13.92 7.64 9.69 37.37 84.18 45.18 84.18
Total Expenses 2,958.50 5,346.32 3,006.13 13,719.76 13,527.05 16,197.82 13,527.05
3. Profit from operations before Other Income,
finance cost and Exceptional Items (1-2) 215.00 73.78 (97.28) 307.13 1,639.65 357.28 1,639.65
4. Other Income (262.39) 222.91 - (50.77) 26.13 (50.77) 26.13
5. Profit from ordinary activities before finance cost (3-4) (47.39) 296.70 (97.28) 256.36 1,665.78 306.51 1,665.78
6. Finance Cost (Net) 105.30 72.18 19.85 231.88 47.38 231.88 47.38
7. Profit from ordinary activities after finance cost (5-6) (152.69) 224.51 (117.13) 24.48 1,618.41 74.63 1,618.41
8. Exceptional Items (Net) - - - - - - -
9. Profit from Ordinary Activities before tax (7-8) (152.69) 224.51 (117.13) 24.48 1,618.41 74.63 1,618.41
10. Tax Expenses
- Current Tax - - - 4.75 - 6.55 -
- Tax for earlier years - - - 0.00 - - -
11. Net profit from ordinary activities after tax (9-10) (152.69) 224.51 (117.13) 19.73 1,618.41 68.08 1,618.41
12. Paid up Equity Share Capital (Face Value of `.5/- each) 899.40 899.40 899.40 899.40 899.40 899.40 899.40
13. Reserve excluding Revaluation Reserves 3,099.26 3,079.53 3,081.51 3,079.53
14. Earning per share (EPS) of ` 5
Basic & Diluted EPS (Not annualised) (0.85) 1.25 (0.65) 0.11 9.00 0.38 9.00
A. PARTICULAR OF SHARE HOLDING
(I) Public Shareholding
- Number of Shares 4,527,120 4,527,120 4,527,120 4,527,120 4,527,120 4,527,120 4,527,120
- Percentage of Shareholding 25.17 25.17 25.17 25.17 25.17 25.17 25.17
(II) Promoters and promoter group shareholding
a. Pledged / Encumbered
- Number of shares - - - - - - -
- Percentage of shares (as a % of total shareholding of
Promoter and promoters group) - - - - - - -
- Percentage of shares (as a % of total Share Capital of the
company) - - - - - - -
b. Non-Encumbered
- Number of shares 13,460,880 13,460,880 13,460,880 13,460,880 13,460,880 13,460,880 13,460,880
- Percentage of shares (as a % of total shareholding of
Promoter and promoters group) 100.00 100.00 100.00 100.00 100.00 100.00 100.00
- Percentage of shares (as a % of total Share Capital of the
company) 74.83 74.83 74.83 74.83 74.83 74.83 74.83
Standalone/Consolidated Statement of Assets and Liabilities (` in lakhs) NOTES :
Standalone As at Consolidated As at
Particular
31.03.2012 31.03.2011 31.03.2012 31.03.2011 1. Previous period figures have been
A. EQUITY AND LIABILITIES regrouped / rearranged wherever necessary.
1 SHAREHOLDERS' FUNDS:
(a) Share Capital 899.40 899.40 899.40 899.40 2. The figures of the last quarter are the
(b) Reserves & Surplus 3,099.26 3,079.53 3,081.51 3,079.53 balancing figures between audited figures in
Sub total - Shareholders' fund 3,998.66 3,978.93 3,980.91 3,978.93 respect of the full financial year and published
2 Minority interest - - - - year to date figures upto the third quarter of
3 Non-current liabilities the financial year.
(a) Long-term borrowings - - - -
(b) Deferred tax liabilities (net) - - - - 3. The above statement of audited financial
(C) Other Long term liabilities - - - -
results were taken on record at the meeting of
(d) Long term provision 4.75 - 4.75 -
Sub total - Non Current liabilities 4.75 - 4.75 - the Board of Directors held on 30th May, 2012.
4 Current liabilities
(a) Short term borrowings 4,807.11 4,957.92 4,807.87 4,957.92 4. The Company has only one segment i.e.
(b) Trade paybles 2,585.56 521.95 2,850.39 521.95 Gems & Jewellery.
(C) Other current liabilities 5.15 5.90 7.18 5.90
(d) Short term provision 2.89 4.00 4.68 4.00 5. The Company has not received any
Sub total - Current liabilities 7,400.70 5,489.76 7,670.12 5,489.76 Investor's Complaints during the period under
TOTAL - EQUITY AND LIABILITIES 11,404.12 9,468.69 11,655.78 9,468.69 review.
B. ASSETS
1 Non-current assets
(a) Fixed Assets 102.08 114.27 102.08 114.27
(b) Goodwill on consolidation - - - -
(C) Non-current investments 2,006.33 - - - FOR & ON BEHALF OF BOARD OF DIRECTORS
(d) Long term loans & advances 3.96 1.16 3.96 1.16
(e) other non-current assets - 30.26 - 30.26
Sub total - Non Current assets 2,112.37 145.69 106.04 145.69
2 Current assets
(a) Inventories 536.39 903.03 1,161.80 903.03 MR.PREMJIBHAI D. KANANI
(b) Trade receivables 7,989.23 7,612.51 9,584.89 7,612.51 CHAIRMAN
(C) Cash and Bank balances 679.61 774.58 716.53 774.58
(d) Short term loans & advances 82.00 26.78 82.00 26.78 Place : Mumbai
(e) other current assets 4.52 6.09 4.52 6.09 Date : 30/05/2012
Sub total - Current assets 9,291.75 9,322.99 11,549.74 9,322.99
TOTAL - ASSETS 11,404.12 9,468.69 11,655.78 9,468.69