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| Audited Results for the Quarter and Year ended 30, September, 2011 |
(Rs in lakhs) |
Accel Transmatic Limited
Regd office : TC 17 / 27 Jagathy , Jera 20 , Trivandrum - 695014
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| |
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Consolidated |
Standalone |
| S.No |
Particulars |
Quarter Ended
( Reviewed ) |
Half Year Ended
( Reviewed ) |
Year Ended
( Audited ) |
| 30-Sep-11 |
30-Sep-10 |
30-Sep-11 |
30-Sep-10 |
31-March-11 |
| 1 |
Net Sales / Income from Operations |
285.55 |
451.12 |
802.64 |
780.25 |
1,922.50 |
| 2 |
Total income |
285.55 |
451.12 |
802.64 |
780.25 |
1,922.50 |
| 3 |
Expenditure |
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|
|
|
|
| |
a) Cost of Services |
47.03 |
2.90 |
63.30 |
11.47 |
37.62 |
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b) Employees Cost |
188.27 |
220.24 |
483.82 |
457.12 |
977.29 |
| |
c) Depreciation |
90.51 |
112.20 |
190.92 |
220.17 |
450.58 |
| |
d) Other Expenditure |
214.32 |
177.95 |
380.80 |
338.58 |
703.49 |
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e) Total Expenditure |
540.13 |
513.29 |
1,118.84 |
1,027.34 |
2,168.98 |
| 4 |
Interest |
96.79 |
51.92 |
176.00 |
98.85 |
223.03 |
| 5 |
"Exceptional Items -
Profit on Sale of Business / Investments ( Net)" |
908.55 |
60.00 |
908.55 |
60.00 |
60.00 |
| 6 |
"Profit (+) / Loss (-) from Ordinary Activities
Before tax (2)-(3+4+5)" |
557.18 |
(54.09) |
416.35 |
(285.94) |
(409.50) |
| 7 |
Tax Expense |
- |
37.39 |
- |
26.60 |
- |
| |
a. Current Tax |
- |
- |
- |
|
|
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b. Deferred Tax |
- |
37.39 |
|
26.60 |
- |
| 8 |
"Net Profit (+) / Loss (-) from ordinary activities
after tax ( 6 - 7 )" |
557.18 |
(16.70) |
416.35 |
(259.34) |
(409.50) |
| 9 |
Other Income |
21.43 |
8.80 |
30.61 |
25.05 |
44.35 |
| 10 |
Net Profit (+) / Loss (-) for the period ( 8 - 9 ) |
578.61 |
(7.90) |
446.97 |
(234.29) |
(365.15) |
| 11 |
Paid up Equity share capital - Face Value Rs. 10 Each |
1,103.74 |
1,103.74 |
1,103.74 |
1,103.74 |
1,103.74 |
| 12 |
Reserves Excluding Revaluation Reserves as per Balance Sheet of Previous AccountingYear |
122.98 |
122.98 |
122.98 |
122.98 |
122.98 |
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Basic and diluted EPS |
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a) Basic and diluted EPS before Extraordinary Items for the period , for the Year to date and for the Previous Year ( not to be Annualized) |
(2.99) |
(0.62) |
(4.18) |
(2067) |
(3.85) |
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b) Basic and diluted EPS before Extraordinary Items for the period , for the Year to date and for the Previous Year (not to beAnnualized) |
(4.35) |
(0.07) |
4.05 |
(2010) |
(3.31) |
| 13 |
Public Shareholding |
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No.of shares |
4,445,949 |
4,445,949 |
4,445,949 |
4,445,949 |
4,445,949 |
| |
% to total capital |
40.28% |
40.28% |
40.28% |
40.28% |
40.28% |
| 14 |
Promoters and Promoter Group Shareholding |
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Pledged / Encumbered |
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Number of Shares |
1,300,000 |
1,300,000 |
1,300,000 |
1,300,000 |
1,300,000 |
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Percentage of Shares (as a % of the total shareholding of promoter and promoter group) |
19.72 |
19.72 |
19.72 |
19.72 |
19.72 |
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Percentage of Shares (as a % of the total share capital of the company) |
11.78 |
11.79 |
11.78 |
11.78 |
11.78 |
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Non Encumbered |
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>
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Number of Shares |
5,291,452 |
5,291,452 |
5,291,452 |
5,291,452 |
5,291,452 |
| |
Percentage of Shares (as a % of the total shareholding of promoter and promoter group) |
80.28 |
80.28 |
80.28 |
80.28 |
80.28 |
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Percentage of Shares (as a % of the total share capital of the company) |
47.94 |
47.94 |
47.94 |
47.94 |
47.94 |
Accel Transmatic Limited
Regd office : TC 17/27 Jagathy , Jera 20 Trivandrum 695 014
| Statement of Assets and Liabilities |
(Rs in lakhs) |
| |
Standalone |
| Standalone |
| S.No |
Particulars |
Sep, 30 2011 Reviewed |
Sep, 30 2011 Reviewed |
| |
SHAREHOLDERS’ FUNDS: |
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(a) Capital # |
1,145.40 |
1,103.74 |
<
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(b) Reserves and Surplus |
244.90 |
245.48 |
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Loan Funds |
1,619.54 |
2,415.56 |
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Deferred Tax Liability |
- |
- |
| |
|
3,009.84 |
3,764.38 |
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Fixed Assets |
2,445.50 |
2,354.25 |
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Investments |
0.50 |
64.37 |
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Deferred Tax Asset |
- |
26.60 |
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Current assets, loans & advances |
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(a) Inventories |
- |
40/47 |
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(b) Sundry Debtors |
131.81 |
5836.38 |
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(c) Cash and Bank balances |
18.39 |
27.49 |
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(d) Other current assets |
235.49 |
166.98 |
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(e) Loans and Advances |
294.05 |
305.07 |
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|
679.74 |
1,126.39 |
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Less: Current Liabilities and provisions |
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(a) Liabilities |
502.34 |
516.64 |
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(b) Provisions |
76.74 |
70.16 |
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|
579.08 |
586.80 |
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Net Current Assets |
100.66 |
539.59 |
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Profit And Loss Account - Debit balance |
463.18 |
779.28 |
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3,009.84 |
3,764.38 |
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# Includes Rs. 41.66 Lacs, received as share application money, against convertible warrants |
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| 1) |
The results for the second Quarter and half year ended 30th September 2011 have been duly reviewed by the statutory auditors and taken on record at the meeting of Board of Directors held on 09th November 2011. |
| 2) |
The company had entered into Business Transfer Agreement with M/s. Accel Frontline Limited dated 03.08.2011 for sale of its Software operations on a slump sale basis for a cash consideration of Rs.19.97 Crores out of which Rs 15 Crores is payable on transfer of the business and the balance on achievement of certain profits during the current year by Software operations. The company has accounted for Rs 15 Crores in the current quarter. The transaction was approved by Board of Directors in its Meeting held on August 02, 2011 and by the shareholders on September 27, 2011. The Transaction was concluded at the close of business hours on August 15, 2011.
The net profit of Software operations in respect of ordinary activities attributable to discontinued operations was under :
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For the Quarter ended
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| Particulars |
30.09.2011 |
30.09.2010 |
| Profit after Tax(Rs. Lacs) |
67.67 |
17.26 |
The carrying amount of assets and liabilities pertaining to Software operations as at the date of sale here as under:
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Particulars
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As at 15.08.2011
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| Total Assets |
1179.16 |
| Total Liabilities |
587.71 |
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| .3) |
Exceptional items for the half year ended September 30, 2011 consists of:
(Rs. Lacs). |
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(a)
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Profit on sale of Software operations
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908.55
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| 4) |
After the transfer of software operations, the company does not have any subsidiaries and accordingly, the stand alone results are only being presented. |
| 5) |
Considering the carried forward losses no provision for taxation has been made. |
| 6) |
- Information on Investor complaints (numbers)
Pending at the beginning of the quarter : Nil
Received during the quarter : 2
Resolved/replied during the quarter : 2
Unresolved at the end of the quarter since resolved : Nil
Place: Chennai For and on behalf of the Board,
Date: November 9, 2011 Chairman
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