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| Unaudited Results for the Quarter and Half Year ended 30 th September 2009 |
(Rs in lakhs) |
Accel Transmatic Limited
Regd office : TC 17 / 27 Jagathy , Jera 20 , Trivandrum - 695014
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Consolidated |
Standalone |
| S.
No |
Particulars |
Quarter
Ended
(Un Audited) |
Half Year
Ended
(Un Audited) |
Year Ended
(Audited) |
Quarter Ended
( Un Audited ) |
Half Year Ended
( Un Audited ) |
Year
Ended
(Audited) |
| 30-Sep-09 |
30-Sep-08 |
30-Sep-
09 |
30-Sep-
08 |
31-Mar-
09 |
30-Sep-09 |
30-Sep-08 |
30-Sep-
09 |
30-Sep-
08 |
31-Mar-
09 |
| 1 |
Net Sales / Income from Operations |
388.79 |
1,211.06 |
789.56 |
2,134.17 |
3,892.08 |
310.33 |
1,060.98 |
590.96 |
1,959.39 |
3,593.09 |
| 2 |
Total income
|
388.79 |
1,211.06 |
789.56 |
2,134.17 |
3,892.08 |
310.33 |
1,060.98 |
590.96 |
1,959.39 |
3,593.09 |
| 3 |
Expenditure |
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a) ( Increase) / Decrease in stock in trade and Work In Progress |
(46.04) |
22.26 |
(106.04) |
32.36 |
(217.43) |
(46.04) |
22.26 |
(106.04) |
32.36 |
(217.43) |
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b) Consumption of Raw Materials |
- |
169.58 |
- |
339.00 |
568.80 |
- |
144.75 |
- |
339.00 |
568.80 |
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c) Purchase of Traded Goods |
- |
238.04 |
- |
333.39 |
662.53 |
- |
169.38 |
- |
263.79 |
577.08 |
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d) Employees Cost |
345.39 |
441.11 |
717.59 |
835.24 |
1,796.21 |
277.03 |
397.11 |
575.62 |
774.64 |
1,609.18 |
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e) Depreciation |
68.59 |
51.02 |
134.54 |
101.07 |
250.36 |
68.59 |
51.02 |
134.54 |
101.07 |
250.36 |
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f) Other Expenditure |
257.89 |
220.30 |
451.69 |
454.27 |
1,096.51 |
188.98 |
205.06 |
321.15 |
419.25 |
990.20 |
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g) Total Expenditure |
625.84 |
1,142.31 |
1,197.79 |
2,095.33 |
4,156.98 |
488.56 |
989.58 |
925.27 |
1,930.11 |
3,778.19 |
| 4 |
Interest |
83.73 |
91.36 |
160.01 |
166.27 |
357.73 |
82.07 |
89.30 |
157.01 |
163.49 |
349.40 |
| 5 |
Exceptional Items - Profit on Sale of Undertaking |
(171.70) |
|
(171.70) |
- |
- |
(171.70) |
|
(171.70) |
- |
- |
| 6 |
Profit (+) / Loss (-) from Ordinary Activities
Before tax (2)-(3+4+5) |
(149.08) |
(22.61) |
(396.54) |
(127.43) |
(622.63) |
(88.59) |
(17.90) |
(319.61) |
(134.21) |
(534.50) |
| 7 |
Tax Expense |
(0.06) |
3.85 |
- |
(17.21) |
(6.91) |
- |
3.42 |
- |
(17.64) |
(8.23) |
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a. Current Tax |
(0.06) |
0.44 |
- |
0.44 |
1.32 |
- |
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- |
- |
- |
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b. Deferred Tax |
- |
- |
- |
(23.53) |
(23.53) |
- |
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- |
(23.53) |
(23.53) |
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c. Fringe Benefit Tax |
- |
3.41 |
- |
5.88 |
15.30 |
- |
3.42 |
- |
5.89 |
15.30 |
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d. Taxes of earlier Years written off |
- |
- |
- |
- |
- |
- |
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- |
|
- |
| 8 |
Minority interest |
(2.31) |
3.45 |
(5.06) |
3.37 |
(0.33) |
- |
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- |
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- |
| 9 |
Net Profit (+) / Loss (-) from ordinary activities
after tax (6- 7-8) |
(146.71) |
(29.91) |
(391.49) |
(113.59) |
(615.39) |
(88.59) |
(21.32) |
(319.61) |
(116.57) |
(526.27) |
| 10 |
Other Income |
0.68 |
17.27 |
1.35 |
23.88 |
102.64 |
0.71 |
1.58 |
1.41 |
4.54 |
83.44 |
| 11 |
Extraordinary Items ( Net of Tax Expense ) |
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- |
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- |
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- |
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- |
| 12 |
Net Profit (+) / Loss (-) for the period ( 10-11) |
(146.03) |
(12.64) |
(390.13) |
(89.71) |
(512.75) |
(87.88) |
(19.74) |
(318.20) |
(112.03) |
(442.83) |
| 13 |
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 |
1,103.74 |
1,103.74 |
1,103.74 |
1,103.74 |
1,103.74 |
| 14 |
Reserves Excluding Revaluation Reserves as per Balance Sheet of Previous Acc -ountingYear |
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17.83 |
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- |
- |
17.83 |
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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 beAnnualized) |
(4.03) |
(0.11) |
(5.14) |
(0.79) |
(4.54) |
(3.50) |
(0.18) |
(4.44) |
(1.02) |
(3.92) |
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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) |
(3.53) |
(0.11) |
(3.58) |
(0.79) |
(4.65) |
(1.95) |
(0.18) |
(2.88) |
(1.02) |
(4.02) |
| 15 |
Public Shareholding |
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No.of shares |
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4,445,949 |
4,569,463 |
4,445,949 |
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4,445,949 |
4,569,463 |
4,445,949 |
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% to total capital |
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40.28% |
41.40% |
40.28% |
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40.28% |
41.40% |
40.28% |
| 16 |
Promoters and Promoter Group Shareholding |
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Pledged / Encumbered |
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Number of Shares |
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1,300,000 |
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800,000 |
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1,300,000 |
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800,000 |
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Percentage of Shares (as a % of the total shareholding of promoter and promoter group) |
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19.72 |
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12.14 |
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19.72 |
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12.14 |
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Percentage of Shares (as a % of the total share capital of the company) |
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11.78 |
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7.15 |
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11.78 |
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7.15 |
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Non Encumbered |
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Number of Shares |
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5,291,452 |
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5,791,452 |
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5,291,452 |
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5,791,452 |
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Percentage of Shares (as a % of the total shareholding of promoter and promoter group) |
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80.28 |
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87.86 |
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80.28 |
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87.86 |
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Percentage of Shares (as a % of the total share capital of the company) |
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47.94 |
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52.57 |
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47.94 |
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52.57 |
| 1. |
The results for the Quarter & Half Year ended 30th September 2009 have been taken on record at the Board of Directors in its meeting held on 31st October 2009. |
| 2. |
The company pursuant to the approval of the members by way of a postal ballot conducted on 12.10.2009, has sold its Systems and Services Division for a consideration of Rs.960 Lacs for its Assets & Liabilities excluding its Bank liability, W.E.F 01st April 2009. The profit on sale of the undertaking amounting to Rs.171.70 Lacs has been disclosed as “ Exceptional Item “. Hence, the figures of the corresponding previous period which includes the results of the systems & services division for the previous period, is not comparable as such. |
| 3. |
Pursuant to the above reorganization, the company henceforth will have two main business divisions namely – Embedded Software Division and Animation Division.
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| 4. |
The Company’s Animation Division, during the quarter has completed production of its First 3D Animated Intellectual Property titled ‘South India Fables’ and has started receiving orders from various territories. The revenue on this IPR will start accruing from the coming quarter. |
| 5. |
Consolidated Accounts for the quarter end includes the results of the following subsidiary companies incorporated as per AS 21 of the Companies (Accounting Standards) Rules, 2006.
- M/s Accel North America Inc. - 100% subsidiary;
- M/s Accel Solutions Japan Corporation – 75% subsidiary;
- Proportionate share of loss of Accel Academy Limited in which this company is holding 49% equity, has been considered in the consolidated financial statements for the quarter and half year ended 30.09.2009 as per AS 23 0f the Companies (Accounting Standards) Rules, 2006 under other expenditure.
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| 6. |
Information on Investor complaints (numbers)
Pending at the beginning of the quarter : Nil
Received during the quarter : 3
Resolved / replied during the quarter : 3
Unresolved at the end of the quarter since resolved : Nil |
| 7. |
The above results are subject to “Limited Review” by the statutory auditors of the company |
| 8. |
Previous period/ year figures have been regrouped / recasted wherever necessary, to make them comparable with the current period/ year layout. |
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Place:Chennai
Date : January 31st, 2009 |
For & On behalf
of the Board,
S.T. PRABHU
CFO & COMPANY SECRETARY. |
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