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AUDITED FINANCIAL RESULTS FOR THE YEAR  ENDED ON 31.03.2004

(Rs. in Lacs)        

         
1
2
3
4
5
S.No.
Particular 
Quarter ended
31-12-04
         Audited

Quarter ending
31-03-04    (3 Months) Audited

Corresponding Quarter ended
 31-03-03      (3 Months) Audited
Year ended 

31.03.04  
(12Months) Audited  

Previous Year ended 31-03-03
(12Months)
  Audted

1

Net Sale/ Income from operation
2265.30 287.52 2844.50 2552.81 9074.83

2

Other Income
43.88 26.96 26.85 70.84 224.92
  Total Expenditure          
    
(a)(Increase) / decrease in stock in trade (92.83) 6.41 292.63 (86.43) (201.63)
  (b)Staff Cost 239.01 86.56 123.70 325.58 546.75
     (c)Raw Materials Consumption 1073.57 169.83 1738.97 1243.40 5481.96
   (d)Excise Duty 176.49 43.64 357.20 220.13 1054.58
   (e)Other Expenditure 484.44 274.56 449.93 759.00 1565.36
4
Interest
 328.40 101.27 109.07 429.67 416.84

5

Depreciation 324.41 112.26 97.23 436.67 458.30

6

Profit(+)/Loss(-) before tax (1+2-3-4-5)
 (224.31) (480.06) (297.38) (704.37) (425.67)

7

Provision for Deferred Tax  0.00 (223.22) (193.43) (223.22) (219.16)

8

Net profit(+)/ Loss(-) after tax(6-7) (224.31) (256.84) (103.95) (481.15) (206.51)

9

Paid -up Equity Share Capital
 1101.89 1101.89 1101.89 1101.89 1101.89

10

EPS (1.02) (1.17) (0.47) (2.18) (0.94)
11
 Aggregate of Non Promoter Holding           
  No. of Shares       13071647 9604734
 
 Percentage of total capital       59.31 43.58



  1. The above results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at its meeting held on April 30, 2004.
  2. The company operates only in one segment i.e. in Telecom Cables, hence segment reporting as define in Accounting Standard 17 is not applicable.
  3. During the year, Company has accumulated losses, hence no dividend is proposed by the Board of Directors of the company.
  4. During the year Aksh Network Limited ceased to be subsidiary of Aksh Optifibre Limited. Therefore above financial statement are of Aksh Optifibre Limited.
  5. Previous year's figures have been regrouped/rearranged wherever necessary.
  6.  Total investor grievances received during the quarter ended 31March 2004 -1 4, Disposed off during thequarter-14, unresolved as at 31.03.2004 -Nil
  7. There is no qualification in the Auditor's Report for the year.
  8. Provision for deferred tax has been made as per Accounting Standard -22.
  9. Reduced sales and loss is due to depressed market condition coupled with sluggish demand and poor realization.
  10. Company has recognised impairment loss Amounting to Rs. 1452.72 lacs on capital goods and adjust against revenue reserves.
  11. Statement as per Clause 43 of the listing agreement. 

 

Projected Profitability as per Prospectus Vs Actual 

Particulars
Promise
Performance
Variations
Total Income (Net of Excise)
2463
242
(2221)
PBT
328
(70)
(398)
Taxation
126
(22)
(148)
PAT
202
(48)
(250)
Dividend Including Tax
31

-

(31)
Net Cash Accruals
217
(33)
(250)
Equity Share Capital
102
110
8
Reserves & Surplus
923
520
(403)
Net Worth
1024
623
(401)
Total Debt Equity Ratio
0.21
0.67
0.46

 

For and on behalf of the board of Directors
AKSH OPTIFIBRE LIMITED
    
Place: Gurgaon
 KAILASH S CHOUDHARI
Date: 30.04.2004
 Managing Director
 
 
 

 

 

 
     
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