Ginni Filaments Ltd.
 
 
Financial
 
 
 

 Unaudited Financial Results for the Quarter Ended 31st December, 2009

                                                                                                                                                                                                           (Rs. in Lacs)
S.No.

Particulars

Quarter Ended 31.12.2009 Unaudited

Quarter Ended 31.12.2008 Unaudited

Nine Month Ended 31.12.2009 Unaudited

Nine Month Ended 31.12.2008 Unaudited

 Previous    Year Ended 31.03.2009 (Audited)

1

(a) Net Sales/Income from Operations

 12,721.29 9,643.00 35,789.49 29,137.02

40,805.38
(b) Other Operating Income 29.47 126.21 90.38 220.23 340.72
(c) Total Income 12,750.76 9,769.21 35,879.87 29,357.25 41,146.10

2

Expenditure

        

 

 

a) (Increase) / Decrease in stock in trade and work in progress

 (569.40) (67.94) (807.11) (850.26) 606.49

 

b) Consumption of raw materials

 8040.54 6,592.81 22,495.18 19,622.96 25,872.53
  c) Purchase of traded goods 93.68 ----- 93.68 ----- -----

 

d) Employees cost

 606.83 570.92 1,753.68 1,692.97 2,217.47
  e) Depreciation 649.75 644.97 1,937.71 1,916.85 2,561.71
f) Power & Fuel 951.64 753.47 2,831.47 2,473.67 3,257.05

 

g) Other expenditure

 1,822.07 1,698.44 5,242.28 4,800.17 6,424.44
h) Total 11,595.11 10,192.67 33,546.89 29,656.36 40,939.69
3 Profit/Loss from Operation before Other Income, Interest & Exceptional (Items (1-2) 1,155.65 (423.46) 2332.98 (299.11) 206.41
4 Other Income ----- 208.18 22.58 208.18 272.58
5 Profit/Loss before Interest & Exceptional (Items (3+4) 1,155.65 (215.28) 2,355.56 (90.93) 478.99

6

Interest

 752.81 929.46 2,193.59 2,508.45 3,125.76

7

Profit/Loss after Interest but before Exceptional Item (5-6)

 402.84 (1,144.74) 161.97 (2,599.38) (2,646.77)

8

Exceptional Items

 ----- 1,415.28 ----- 1,942.62 2,128.01

9

Profit / Loss from Ordinary Activities before tax (7+8)

 402.84 (2,560.02) 161.97 (4,542.00) (4,774.78)

10

Tax expenses

148.67 (855.89) 69.85 (1,525.17) (1,615.06)

11

Net Profit / Loss from Ordinary Activities after tax (9-10)

 254.17 (1,704.13) 92.12 (3,016.83) (3,159.72)
12 Extraordinary item (net of tax expense Rs._______) ----- ----- ----- ----- -----

13

Net Profit/Loss for the period (11-12)

 254.17 (1,704.13) 92.12 (3,016.83) (3,159.72)

14

Paid-up Equity Share Capital  (Face Value of Rs.10/- each)

 5,926.26 5,926.26 5,926.26 5,926.26 5,926.26

15

Reserves excluding revaluation reserves as per balance sheet of previous accounting year

 ----- ----- ----- ----- 6,209.74

16

 Earnings per share (EPS)
  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) (0.41) (2.88) (0.14) (5.09) (5.52)
  b) Basic and diluted EPS after extraordinary items for the period, for the year to date and for the previous year (not to be annualized) (0.41) (2.88) (0.14) (5.09) (5.52)

17

Public shareholding

          

 

-   Number of Shares

 27,162,979 27,162,979 27,162,979 27,162,979 27,162,979
  -   Percentage of shareholding 45.84 45.84 45.84 45.84 45.84
18 Promoters and Promoter Group Shareholding          
  a) Pledged / Encumbered          
  - Number of shares, 17,700,000 N.A. 17,700,000 N.A. 61,55,000
  - Percentage of shares (as a % of the total shareholding of Promoters and Promoter Group) 55.14   55.14   19.17
  - Percentage of shares (as a % of the total share capital of the company) 29.86   29.86   10.39
  b) Non-encumbered          
  - Number of shares 14,399,646 N.A. 14,399,646 N.A. 2,59,44,646
  - Percentage of shares (as a % of the total shareholding of Promoters and Promoter Group) 44.86   44.86   80.83
  - Percentage of shares (as a % of the total share capital of the company) 24.30   24.30   43.77

SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED

(Rs. In Lacs)
S.No. Particulars

Quarter Ended 31.12.2009 Unaudited

Quarter Ended 31.12.2008 Unaudited

Half Year Ended 31.12.2009 Unaudited

Half Year Ended 31.12.2008 Unaudited

 Previous    Year Ended 31.03.2009 (Audited)
1 Segment Revenue (Net)          
  a)  Textiles

12,599.07

 9,561.34 35,421.66 28,812.62 40,385.08
  b)  Consumer Products 122.22 81.66 367.83 324.40 420.30
c)  Unallocated ----- ----- ----- ----- -----
Total 12,721.29 9,643.00 35,789.49 29,137.02 40,805.38
Less : Inter Segment Revenue ----- ----- ----- ----- -----
  Net Sales / Income from Operations 12,721.29 9,643.00 35,789.49 29,137.02 40,805.38
2 Segment Results Profit / (Loss)           
  before Tax and interest          
  a)  Textiles 1,162.20 (1,607.91) 2,375.96 (2,006.91) (1,584.07)
  b)  Consumer Products (6.55) (22.65) (20.40) (26.64) (64.95)
c)  Unallocated ----- ----- ----- ----- -----
Total 1,155.65 (1,630.56) 2,355.56 (2,033.55) (1,649.02)
  Less :           
  i)  Interest  752.81 929.46 2,193.59 2,508.45 3,125.76
  ii) Other Un-allocable Expenditure net off ----- ----- ----- ----- -----
  iii) Un-allocable Income ----- ----- ----- ----- -----
  Total Profit/(Loss) Before Tax 402.84 (2,560.02) 161.97 (4,542.00) (4,774.78)
               3 Capital Employed           
  (Segment Assets - Segment Liabilities)          
  a) Textiles  48,276.42 45,734.96 48,276.42 45,734.96 46,560.84
  b) Consumer Products 586.20 555.06 586.20 555.06 557.79
c) Unallocated ----- ----- ----- ----- -----
  Total Capital employed 48,862.62 46,290.02 48,862.62 46,290.02 47,118.63

*  After considering Preference Shares dividend at the contracted rate.

NOTES :

1. The Aforesaid results were reviewed by the Audit Committee and approved by the Board at its meeting held on 30th January, 2010

2. Limited review as required under Clause 41 of the Listing Agreement has been carried out by the Statutory Auditors.

3. The Scheme of amalgamation of Ganesh Synthetics Pvt. Ltd., Abhinav Investments Pvt. Ltd., Ginni Power Ltd. and Goodworth Merchants Pvt. Ltd with the Company has been approved by the Hon'ble High Court, Allahabad vide its order dated 19th December, 2009 issued on 5th January, 2010. Pusuant to the said order, necessary accounting effect shall be reflected by the Company at the end of this financial year i.e. 31st March, 2010.

4. The figures of the previous period have been regrouped, wherever necessary.

5. The Company has allotted 7,50,000 (Seven Lacs Fifty Thousand only) Preference Shares of Rs. 100/- (One Hundred) each to the Promoters and their relatives during this quarter in prusuant to the condition imposed by the Corporate Debt Restructuring Cell. These Preference Share are bearing 8% Coupan Rate and are commulative in nature and redeemable before December, 2018.

6. No Investors complaint was received during the quarter. No complaint was pending either at the beginning or at the end of quarter.
 
                                                                                                                      for GINNI FILAMENTS LIMITED

Noida (U.P.)                                                                                                               DR. RAJARAM JAIPURIA                                                                                           Date 30th January, 2010                                                                                         Chairman & Managing Director

 (I)(a) Statement showing Shareholding Pattern - As on 31st  December, 2009

NAME OF THE COMPANY : GINNI FILAMENTS LIMITED  

Script Code : GINNIFILA

Name of Script, Class of Security : Equity Shares

Quarter ended 30th Sept.,2009
Category Code Category of Shareholders Number of Share Holders Total number of shares Numbers of Shares held in dematerialized form

Total shareholding as a percentage of total number of shares

 Shares Pledged or otherwise encumbered
As a percentage of (A + B) As a percentage of (A + B + C) Name of Shares As a percentage
(I) (II) (III) (IV) (V) (VI) (VII) (VIII) (IX)=(VIII)/(IV)*100

(A)

Promoters and promoter group

    

 

 

      

(1)

Indian

    

 

 

      

(a)

Individual/Hindu Undivided Family

 9 21191700

21049700

35.76

 35.76 17700000 83.52

(b)

Central Govt. / State Govt .(s)

--------

 --------

--------

--------

 -------- -------- --------

(c)

Bodies Corporate

 3 10907946

10880846

18.40

 18.40 -------- --------

(d)

 Financial Institutions / Banks -------- -------- -------- -------- -------- -------- --------

(e)

 Any Other (specify) -------- -------- -------- -------- -------- -------- --------

 

Sub-Total (A)(1)      

 12 32099646

31930546

54.16

 54.16 17700000 55.14

(2)

 Foreign              

(a)

 Individual (Non-Resident Individuals/Foreign Individuals) -------- -------- -------- -------- --------   --------

(b)

 Bodies Corporate -------- -------- -------- -------- --------   --------

(c)

 Institutions -------- -------- -------- -------- --------   --------

(d)

 Any Other (specify) -------- -------- ------- -------- -------   -------

 

 Sub-Total (A)(2)              
  Total Shareholding of Promoter and Promoter Group (A)=(A)(1)+(A)(2) 12 32099646 31930546 54.16 54.16 17700000 55.14

(B)

 Public Shareholding    

 

 

   N.A. N.A.

(1)

Institutions

    

 

 

   N.A. N.A.

(a)

Mutual funds/ UTI

 10 11000

100

 0.02 0.02    

(b)

  Financial Institutions/Banks

 4 3225463

3225413

5.44

 5.44    

(c)

Central Government/State Government(s). 

 -------- --------

--------

--------

 --------    

(d)

 Venture Capital Funds -------- --------

--------

--------

 --------    
(e) Insurance Companies -------- -------- -------- -------- --------    
(f) Foreign Institutional Investors 4 8510 -------- 0.01 0.01    
(g) Foreign Venture Capital Investors -------- -------- -------- -------- --------    
(h) Any Other (specify) -------- -------- -------- -------- --------    
        (1) Foreign Financial Instt./ Bank 1 10

10

 -------- --------    

 

Sub-Total (B) (1)      

 19 3244983

3225523

 5.47 5.47    

(2)

Non-Institutions

    

 

 

   N.A. N.A.

(a)

 Bodies Corporate

 512 2659670

2646230

 4.49 4.49    

(b)

 Individuals -

              

i

Individual shareholders holding nominal share capital upto Rs. 1 lakh.

 29139 12828188

11766533

 21.65 21.65    

ii

Individual shareholders holding nominal share capital in excess of  Rs. 1 lakh.

 133 7496883

7496283

 12.65 12.65    

(c)

Any  Other (specify)

 -------- --------

--------

--------

 --------    

i

 Trusts 1 1500

1500

 -------- --------    
ii Directors & their relatives 6 45939 45939 0.08 0.08    
iii Non-Residents Indian 113 234951

234321

 0.4 0.4    
iv Clearing Members 33 40259

40259

 0.07 0.07    
v Hindu Undivided Families 557 610606 610606 1.03 1.03    

 

Sub-Total (B) (2)

 30494 23917996

22841671

 40.36 40.36    

 

Total Public Shareholding (B)=(B)(1)+(B)(2)

 30513 27162979

26067194

45.83

 45.83 N.A. N.A.
  TOTAL (A) + (B) 30525 59262625 57997740 100.00 100.00 17700000 29.86

(C)

Shares held by custodians and against which Depository Receipts have been issued

 -------- -------- -------- N.A.

-------

 N.A.

N.A.
 

GRAND TOTAL (A)+(B)+(C)

 30525 59262625 57997740 100.00 100.00 17700000 29.86
                 

 

(I)(b) Statement showing Shareholding of persons belonging to the category "Promoter and Promoter Group"
    Total Shares Held Shares Pledge or otherwise encumbered
Sr. No. Name of the Shareholder Number As a % Grand Total (A)+ (B)+ (C) Number As a percentage As a % of grand Total (A)+(B)+(C) of sub cloause (I)(a)
(I) (II) (III) (IV) (V) (VI)=(V)/(III)*100 (VII)
1 DR. RAJARAM JAIPURIA 220000 0.371 -------- --------  
2 SUNITI DEVI JAIPURIA 10375000 17.506 7291700 70.28 12.30
3 SHISHIR JAIPURIA 2650000 4.472 2648300 99.93 4.47
4 SUNITA JAIPURIA 2560000 4.320 2550000 99.61 4.30
5 SHISHIR JAIPURIA HUF 142000 0.239 -------- --------  
6 SAKET JAIPURIA 2671500 4.507 2650000 99.20 4.47
7 YASH JAIPURIA 2570000 4.336 2560000 99.61 4.32
8 SHARAD JAIPURIA 1700 0.003 -------- --------  
9 SHARAD JAIPURIA HUF 1500 0.003 -------- --------  
10 GINNI POWER LTD 27100 0.045 -------- --------  
11 ABHINAV INVESTMENTS PVT. LTD. 3000000 5.062 -------- --------  
12 GANESH SYNTHETICS PVT. LTD. 7880846 13.298 -------- --------  

TOTAL

 32099646 54.16 17700000 55.14 29.86

 

(I)(c) Statement Showing shareholding of persons belonging to the category "Public" and holding more than 1% of the total number of Shares

Sr. No.

Name Of the shareholder

 Number of Shares Shares as a percentage of total number of shares {i.e., Grand Total (A) + (B) + (C) indicated in statement at para (I)(a) above}
1 STATE BANK OF HYDERABAD 2000000

3.374
2 STATE BANK OF TRAVANCORE(AFS) 1221049

2.060
3 VINOD H. PUNWANI 4031000

6.802

 

TOTAL

7252049

12.236

 

(I) (d) Statement showing details of locked - in shares
Sr.No. Name of the shareholder Number of Locked in Shares Category of Shareholders (Promoter/Public) Shares as a percentage of total number of shares {i.e., Grand Total(A)+(B)+(C) indicated in statement at para (I)(a) above}
         

NOT APPLICABLE
         

 

(II) (a) Statement showing details of Depository Receipts (DRs)
Sr. No. Type of outstanding DR (ADRs,GDRs, SDRs, etc) Number of outstanding DRs Number of Shares underlying outstanding DRs Shares underlying outstanding DRs as a percentage of total number of shares (i.e., Grand Total (A)+ (B)+ (C) indicated in statement at para (I)(a) above)
         

NOT APPLICABLE

 

  

 

 

 

 

(II) (b) Statement showing holdings of Depository Receipts (DRs), where underlying shares are in excess of 1% of the total number of shares
Sr. No. Name of the DR Holder Type of outstanding DR(ADRs, GDRs, SDRs, etc) Number of shares underlying outstanding DRs Shares underlying outstanding DRs as a percentage of total number of shares (i.e., Grand Total (A)+ (B)+ (C) indicated in statement at para (I)(a) above)
   

 
NOT APPLICABLE
         

 

 
 
 

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