QUARTERLY RESULTS

  
     
 
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR
THE QUARTER ENDED 31ST DECEMBER, 2003
  		 
 
    (Rs./ Lac)
S.No. PARTICULARS QUARTER ENDED
31/12/2003		 QUARTER
ENDED
31/12/2002		 NINE MONTHS ENDED
31/12/2003		 NINE MONTHS ENDED
31/12/2002		 YEAR ENDED
31/03/2003 (AUDITED)
1. Sales/Income From Operations 5702 5338 15906 13537 18297
2. Other Income 19 5 54 27 35
3. Total Expenditure:
a) (Increase)/Decrease in stock in trade
b) Consumption of Raw Material
c) Staff Cost
d) Excise Duty
e) Other Expenditure

(70)

3897
132
679
403

95

3543
108
706
428

329

10427
350
1953
1142

(303)

9275
317
1683
1170

(1,099)

13199
437
2231
1616
4. Financial Charges & Interest 182 230 598 655 897
5. Depriciation 156 146 464 429 574
6. Profit before tax 342 87 697 338 477
7. Prior Period Interest on Debentures written back / (Provided) - (64) 113 (64) (64)
8. Profit after Prior Period adjustment but before Tax 342 23 810 274 413
9. Provision for Tax - 2 - 13 -
10. Net Profit 342 21 810 261 413
11. Paid Up Equity Share capital (Face Value - Rs. 10/- Per share) 1080 1080 1080 1080 1080
12. Reserves excl. revaluation reserves - - - - 732
13. E.P.S. (Rs) (Not annualised)
Basic / Diluted
3.17
0.19
7.50
2.42
4.01
14. Aggregate of non-promoter shareholding
-No. of shares		    

4934200



4934200

4934200
  -Percentage of shareholding     46 46 46

Notes:

  1. Segment Reporting as defined in Accounting Standard 17 is not applicable as the Company is primarily engaged in manufacture of Synthetic Yarns except Wind Power Generation whose Turnover/Profits/Assets constitute an insignificant percentage of the total Turnover/Profits/Assets of the Company.
  2. In the absence of reasonable certainty about sufficient future taxable income, it has been considered prudent not to provide for the Net Deferred Tax Assets, under provision of "AS-22" on Accounting Taxes on Income :
  3. The Statutory Auditors had made an observation on the Audited Accounts for the year ended March 31,2003 in respect of interest on Debentures subscribed by UTI. It is clarified that the company has entered into One Time Settlement (OTS) with UTI and settled its liabilities thereof in full and effect of the same has been duly accounted for during the quarter ended September 30,2003
  4. There were no pending investor complaints at the beginning of the quarter. During the quarter ended December 31, 2003, the Company received 4 investor complaints .which have been attended and no complaint remained Unresolved as on December 31,2003
  5. The Equity Shares of the company have been delisted from the Ahmedabad Stock Exchange and The Delhi Stock Exchange Association Limited w.e.f. 21/11/2003 & 29/12/2003 respectively.
  6. Previous period figures have been regrouped/reclassified wherever necessary to correspond with the figures for the current period.
  7. The above results were taken on record by the Board of Directors in the meeting held on January 30,2004 and have been reviewed by the Statutory Auditors of the Company.
  On behalf of the Board of Directors
for FILATEX INDIA LIMITED
   
Place: New Delhi
Dated:January 30, 2004		 MADHU SUDAN BHAGERIA
VICE CHAIRMAN & MANAGING DIRECTOR
 
     
   
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