Regd. office 1A & 8A ,Industrial Area , A B Road , Dewas (MP) 455 001
Tel:258293 (5 Lines) Fax:07272-258717,400363 E-Mail: hslindr@sancharnet.in  Website:http://www.hind- syntex.com/
 

Code of Conduct for Members of the Board and Senior Management of  Hind Syntex Limited (pursuant to sub clause (D) of Clause 49 of Listing Agreement)

Preamble  

The new provisions of Clause 49 of the Listing Agreement and contemporary practices of good corporate governance provide that the Company shall have a formal Code of Conduct for all member of the Board of Directors and Senior Management Personnel. Hence this Code.
1.  The Code of Conduct divided into Part A: applicable to the Directors and Part B: applicable to the Senior Management (SM) of the Company.
2. For the purpose of this Code, ?Directors? shall mean all the Directors on the Board of Directors of the Company and ?Senior Management? shall mean personnel of the Company who are member of core management team excluding Board of Directors. Normally this would comprise all members of management one level below the Senior Executive Director including all functional heads reporting to Senior Executive Director.
3.   Philosophy  The Company's philosophy on corporate governance envisages transparency, accountability and equity, in all facets of its operations, and in all its interactions with its stakeholders, including shareholders, employees, the government and lenders.

Part A

4.  The Directors of the Company shall endeavour and would - 
(a) use due care and diligence in performing their duties of office and in exercising the power attached to that office;
(b) act honestly and use their powers of office in good faith and in the best interest of the Company;
(c) not make improper use of information nor take improper advantage of their position as a Director;
(d) not allow personal interests to conflict with the interests of the Company;
(e) make all necessary disclosures to the Company in terms of the Companies Act 1956, the Listing Agreement and any other law for the time being in force;

(f)   not engaged in conduct which may bring discredit to the Company; 
(g) be independent in judgment and actions, and to take all reasonable steps to be satisfied as to the soundness of all decisions taken by the Board of Directors;
(h)  ensure the confidentiality of information they received whilst being in office of Director and disclosed only when autorised by the Company or is required by law;

Part B 

5.1 The Senior Management shall endeavour to:
 (a) devote their utmost to achieve the goals of the Company and the standards set before themselves; 
 (b) carry on the business of the Company complying with all relevant laws, rules and regulations; 
 (c) ensure that financial records and present financial reports in accordance with the provisions of law and applicable accounting standards so as to give a true and fair view of the state of affairs of the Company; 

  (d)  ensure that necessary internal control systems are enforced effectively whereby fraud and other illegalities or irregularities, if any, are detected and timely remedial action is taken; 
  (e) ensure confidentiality of all material sensitive information of the affairs of the Company coming in their possession and not to disclose or use the same for personal profits or for the advantage of any other person unless the same is required to be disclosed to any other person in terms of applicable regulations; 
 (f) make all necessary disclosures to the Company in terms of the Companies Act 1956, the Listing Agreement and any other law for the time being in force;  
 (g)  disclose and obtain requisite approval under the law in cases where personal interest might conflict with the interest of the Company. Senior Management personnel shall also from time to time and at any time, make disclosures to the Board relating to all material financial and commercial transactions where they have personal interest that may have a potential conflict with the interest of the Company at large; 
 (h)    pursue healthy human resource policies without any discrimination on account of caste, religion or sex, promote meritocracy, uphold self respect and human dignity to instill a sense of belonging to the Organisation; 
 (i) ensure that in dealing with customers, lenders, investors, Government and the community at large, the Company's image and its interest are well protected; 

  (j) maintain highest level of professional conduct that would enhance the image, goodwill and credibility of the business of the Company; 
 (k) create an atmosphere of highest integrity, trust, fairness and honesty in performance of their duty which should strengthen the bond of relationship with people, both internally and externally; 

 (l) promote SHE factors, viz safe, healthy working environment and comply with all regulations concerning preservation of the environment of the territory of operation, in conducting the Company's business;
 (m) remain apolitical while involving in conducted of Company's affairs;
5.2  The Senior Management shall not -

  (a) engage by themselves or on behalf of the Company in any activity detrimental to or against national interest;

  (b) receive or offer, directly or indirectly, any illegal payment or charitable benefits which are intended to or perceived to obtain business favours barring nominal gifts which are customarily given and are of commemorative nature; 

(c) permit misuse of Company's properties and assets, both tangible and intangible;

6. All the members of the Board of Directors and Senior Management shall affirm in writing compliance with this Code on an annual basis in every financial year as per the format given at Annexure ? I. The Annual Report of the Company shall contain a declaration to this effect signed by the Senior Executive Director as per the format in Annexure  II.

ANNEXURE - I

Date:           &nbs p;           

The Board of Directors,
Hind Syntex Limited,
1A/8A Industrial Area,
A B Road,
Dewas  455 001 (MP)
Dear Sirs, 
Re: Code of Conduct for members of the Board and Senior Management - Financial Year   2005 - 06  
I hereby affirm compliance with the Code of Conduct for members of the Board and Senior Management of the Company.  

Name (                       )  

Director/  

 Designation if Member of Senior Management   

ANNEXURE II

The Board of Directors,
Hind Syntex Limited,
1A/8A Industrial Area,
A B Road,
Dewas  455 001 (MP)

            ;   Re:  Code of Conduct for member of the Board and Senior Management

t is hereby declared that all the members of the Board and the Senior Management personnel have affirmed compliances with the aforesaid Code of Conduct during the Financial year 2005 / 06.   

Director

                          

      UN AUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30,2011

 (` in Lacs)
Sl. No. Particulars QUARTER ENDED 30.09.2011UN AUDITED QUARTER ENDED 30.09.2010 UN AUDITED HALF YEAR ENDED 30.09.2011UN AUDITED HALF YEAR ENDED 30.09.2010 UN AUDITED YEAR  ENDED 31.03.2011 AUDITED
1 Net Sales / Income from Operations   2434.31 2297.36 5588.04 4523.27 10577.18
2 Expenditure:          
  (a) (Increase)/decrease in  stock-in-trade and work in progress (395.98) (93.65) (221.30) (150.87) (551.20)
  (b) Consumption of Raw Materials 2171.49 1551.92 4314.13 3068.97 7511.52
  (c) Purchase of traded goods - - - - - 
  (d) Staff cost 231.53 204.15 446.82 389.63 807.83
  (e) Power & Fuel 369.20 298.72 689.73 568.14 1185.66
  (f) Depreciation 90.85 92.62 181.69 185.24 370.69
  (g) Other expenditure 157.59 176.58 356.19 360.73 832.40
  (I) Total Expenditure (a to g) 2624.68 2230.34 5767.26 4421.84 10156.90
3 Profit/(Loss) from Operations before Interest & Exceptional items (1-2) (190.37)   67.02 (179.22) 101.43 420.28
4 Other Income 4.66 1.93 9.91 3.80 29.66
5 Profit/(Loss) before Interest & Exceptional items (3+4) (185.71) 68.95 (169.31)             105.23 449.94
6 Interest 181.57 172.90 356.76 344.31 676.99
7 Profit/(Loss) after Interest but before Exceptional items (5-6) (367.28) (103.95) (526.07) (239.08) (227.05)
8 Exceptional items -   -   -   -   - 
9 Profit / (Loss)  from Ordinary Activities before tax (7+8) (367.28) (103.95) (526.07) (239.08) (227.05)
10 Tax Expenses -   -   -   -    -
11 Net Profit/(Loss)  from Ordinary activities after tax (9-10) (367.28) (103.95) (526.07) (239.08) (227.05)
12 Extraordinary Items (net of tax expenses) -   -   7.24   -      -  
13 Net Profit /(Loss) for the period (11-12) (367.28) (103.95) (533.31) (239.08) (227.05)
14 Paid up equity share capital  (Face value of Rs.10 each)                    1272.72 1272.72 1272.72 1272.72 1272.72
15 Reserves excluding revaluation reserves as per balance sheet of previous accounting year   -      -       -      -   (2958.95)
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) (2.89) (0.82) (4.13) (1.88) (1.88)
  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) (2.89) (0.82) (4.13) (1.88) (1.88)
17 Public Share holding
  No. of Shares  8865239 8856106 8865239 8856106 8865239
  % of share holding 69.66 69.58 69.66 69.58 69.66
             
18 Promoters and promoter group share holding        
  a) Pledged/Encumbered          
  -Number of shares 580902 580902 580902 580902 580902
  -Percentage of shares (as a % of the total shareholding of promoter and promoter group) 15.08 15.04 15.08 15.04 15.08
  -Percentage of shares (as a% of the total share capital of the company) 4.57 4.57 4.57 4.57 4.57
  b) Non-encumbered          
  -Number of shares                -                  -                       -                       -                        -  
  -Percentage of shares (as a % of the total shareholding of promoter and promoter group)                -                  -                       -                       -                        -  
  -Percentage of shares (as a% of the total share capital of the company)                -                  -                       -                       -                        -  
 Notes:
1 The above  results  were approved by the Board of Directors of the Company at its meeting held on 12.11.2011. 
2 The quarterly results have been reviewed by the auditors 
3 Auditors  qualification  with  regard  to  provision  of  depreciation  on  Plant & Machinery at the rates prescribed under continuous process plant continues as in the past.
4 The company has submited revised restructuring scheme to the lenders,the decision of which is awaited.
5 Net deferred Tax Asset on account of unabsorbed depreciation / carried forward losses has not been accounted considering the requirement of certainity / virtual certainity,as stated in Accounting Standard (AS 22)"Accounting for Taxes on Income"
6 Impairment of  assets, if any, in accordance with Accounting Standard  28  on  " Impairment  of Assets",would be considered at the year end.
7 The Company has only one segment of activity namely "Synthetic Blended Yarn".
8 Previous period's figures have been regrouped and rearranged,wherever necessary. 
9  There were no complaints from  investors outstanding  at  the  beginning of the  quarter, the Company has received one complaint from the invester during the quarter and the complaint was disposed off. 
10 The Audited Statement of assets and liabilities 
(` in Lacs)
 Particulars HALF YEAR ENDED 30.09.2011(UN AUDITED) HALF ENDED 30.09.2010 (UN AUDITED)
  Shareholders Funds     
  (a) Capital             1272.72 1272.72
  (b) Reserves and Surplus  89.18 89.18
  Loan Funds         7964.47 7495.87
  Total   9326.37 8857.77
  Fixed Assets 3294.59 3641.22
  Current Assets ,Loans and Advances    
  (a) Inventories  1586.05 967.31
  (b) Sundry Debtors  416.97 525.28
  (c) Cash and Bank Balances  327.26 227.26
  (e) Loans and Advances  733.54 858.52
  Less Current Liabilities and Provision     
  (a) Liabilities  193.46 38.38
  (b) Provisions  420.02 383.60
  Profit and Loss Account 3581.44 3060.16
  Total 9326.37 8857.77
Dated   : 12.11.2011

For Hind Syntex Limited

S L Moondhra
Place   :  Pillukhedi

Senior Executive Director

 

UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED JUNE 30,2011

 (` in lacs)
Sl. No. Particulars QUARTER ENDED 30.06.2011 UNAUDITED QUARTER ENDED 30.06.2010 UNAUDITED YEAR ENDED 31.03.2011 AUDITED
1 Net Sales / Income from Operations    3153.73 2225.91 10577.18
2

 

 

 

 

 

 

 

 		 Expenditure: 
(a) (Increase)/decrease in stock-in-trade and work in progress 174.68 (57.22) (551.20)
(b) Consumption of Raw Materials  2142.64 1517.05 7511.52
(c) Purchase of traded goods - - -
(d) Staff cost  215.29 185.48 807.83
(e) Power & Fuel  320.53 269.42 1185.66
(f) Depreciation  90.84 92.62 370.69
(g) Other expenditure  198.60 184.15 832.40
Total Expenditure (a to g) 3142.58 2191.50 10156.90
3 Profit/(Loss) from Operations before Interest & Exceptional items (1-2) 11.15   34.41   420.28
4 Other Income  5.25 1.87 29.66
5 Profit/(Loss) before Interest & Exceptional items (3+4)         16.40 36.28   449.94
6 Interest  175.19 171.41 676.99
7 Profit/(Loss) after Interest but before  Exceptional items (5-6) (158.79) (135.13) (227.05)
8 Exceptional items   -     -     -  
9 Profit / (Loss)  from Ordinary Activities before tax (7+8) (158.79) (135.13) (227.05)
10 Tax Expenses   -     -     -  
11 Net Profit/(Loss)  from Ordinary Activities after tax (9-10)  (158.79) (135.13) (227.05)
12 Extraordinary Items (net of tax expenses `...)  7.24   -      -  
13 Net Profit  / (Loss) for the period (11-12)  (166.03) (135.13) (227.05)
14 Paid up equity share capital (Face value of ` 10 each)  1272.72 1087.86 1272.72
15 Reserves excluding revaluation reserves as per balance sheet of previous accounting year -       -   (2958.95)
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) (1.25) (1.24) (1.88)
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) (1.30) (1.24) (1.88)
17

 

 		 Public Share holding       
No. of Shares   8865239 7016106 8865239
% of share holding 69.66 64.49 69.66
18

 

 

 

 

 

 

 

 		 Promoters and promoter group share holding      
a) Pledged/Encumbered      
-Number of shares 580902 580902 580902
-Percentage of shares (as a % of the total shareholding of promoter and promoter group) 15.08 15.04 15.08
-Percentage of shares (as a% of the total share capital of the company) 4.57 5.33 4.57
b) Non-encumbered      
-Number of shares -   -        - 
-Percentage of shares (as a % of the total shareholding of promoter and promoter group) -  -       - 
-Percentage of shares (as a% of the total share capital of the company) -  -         - 
 Notes:
1 The above  results  were approved by the Board of Directors of the Company at its meeting held on 26.07.2011. 
2 The quarterly results have been reviewed by the Auditors. 
3 Auditors  qualification  with  regard  to  provision  of  depreciation  on  Plant & Machinery at the rates prescribed under continuous process plant continues as in the past.
4 The Company has submitted revised restructuring scheme to the lenders, the decision of which is awaited.
5 Net Deferred Tax Asset on account of unabsorbed depreciation / carried forward losses has not been accounted considering the requirement of certainity / virtual certainity,as stated in Accounting Standard (AS 22) "Accounting  for Taxes on Income".
6 Impairment of  assets, if any, in accordance with Accounting Standard  28  on  " Impairment  of Assets" would be considered at the year end.
7 The Company has only one segment of activity namely "Synthetic Blended Yarn".
8 Previous period's figures have been regrouped and rearranged, wherever necessary. 
9 There  were  no  complaint received from  investors during  the  quarter.    
Dated   : 26.07.2011 

  For Hind Syntex Limited

S L Moondhra
Place   : Pillukhedi

Senior Executive Director

 

Quarterly Compliance Report on Corporate Governance

Name of the Company         ;           &nbs p;    :         ;   Hind Syntex Limited,
Quarter ending on         ;           &nbs p;           :         ;   30th June, 2011

 

       &nbs p;      Particulars

Clause of Listing Agreement

Compliance  status (Yes/ No /N.A.)

 Remarks

         &nbs p;        1.

         2.

         &nbs p; 3.

     4.

I.       Board of Directors

49 (I)

        Yes

 

(A)    Composition of Board

49 (IA)

        Yes

 

Non-executive Directors’  Compensation & disclosure

49 (IB)

         N.A.

 

Other provisions as to Board and Committee

49 (IC)

         Yes

 

(D)    Code of Conduct

49 (ID)

        Yes       

 

 

Board members/  Senior Management are already   following  Code of Conduct of business. Formal  annual affirmation done.  

II.     Audit Committee

49 (II)

          Yes

 

Qualified & Independent Audit Committee

49 (IIA)

          Yes

(B)   Meeting of Audit Committee

49 (IIB)

          Yes

 

(C)   Powers of Audit Committee

49 (IIC)

          Yes

 

(D)   Role of Audit Committee

49 (IID)

          Yes

 

Review of Information by Audit Committee

49 (IIE)

          Yes

III.   Subsidiary Compliance

49 (III)

           N.A.

 

IV.   Disclosures

49 (IV)  

          Yes  

 

(A)   Basis of related party transactions

49 (IVA)

          Yes

 

(B)   Disclosures of Accounting Treatment

49 (IVB)

          Yes

 

(C )  Board  disclosures – Risk Management

49 (IVC)

Yes

(D) Proceeds from  Public issues, right issues  preferential issues etc.

49 (VD)

            N A

 

(E)  Remuneration of Directors

49 (IVE)

           Yes

 

(F)  Management

49 (IVF)

         &nbs p; Yes

 

(G   Shareholders

49 (IVG)

           Yes

 

V.   CEO / CFO Certification

49 (V)

           Yes

VI.  Report on Corporate Governance

49 (VI)

Yes- alongwith Annual Report.

VII. Compliance

49 (VII)

Yes – alongwith Annual Report

 

To,

The Board of Directors,
Hind Syntex Limited,
1A/8A Industrial Area,
A B Road,
Dewas  455 001 (MP)

We have examined the Register of Members, beneficiary details furnished by the Depositories and other records/documents maintained by Hind Syntex Limited (hereinafter referred to as "to Company") and its Common Agency for Share Registry/Depositories for issuing this certificate, in accordance with the Circular D&CC/FITTC/CIR-16/2002 dated December 31, 2002 issued by the Securities And Exchange Board of India.

In our opinion and to the best of our knowledge and according to the information and explanations given to us and based on such verifications as considered necessary by us, We hereby certify the Secretarial Audit Report for the period ending 30th June 2011 in the prescribed format as under:  

1.

For the quarter ended on

30th June 2011

2.

ISIN

INE155B01012

3.

Face Value

RS.10/- Per Equity Share

4.

Name of the Company

Hind Syntex Ltd.

5.

Registered Office Address

1A/8A, Industrial Area, A.B Road , Dewas (MP)

6.

Correspondence Address

Hind Syntex Ltd.

1A/8A, Industrial Area, A.B Road ,Dewas (MP)

7.

Telephone No.  

Fax No.

07272-258293,

07272-400363

8.

E-mail

hslindr@sancharnet.com

9.

Names of the stock exchanges where securities of Company are listed

Bombay Stock Exchange,  National Stock exchange

10.

Issued Share Capital

1,27,18,600 Equity Shares

11.

Listed share capital

Number of Equity Shares

% of total issued share capital

 

Bombay Stock Exchange,

National Stock exchange

1,27,18,600

1,27,18,600

100  

100

 

 

Number Equity shares

% of total issued share capital

12.

Held in dematerialized in CDSL

  18,96,317

  14.91

13.

Held in dematerialized in NSDL 

  97,95,170

  77.01

14

Shares in physical form

  10,27,113

    8.08

15

Total number of equity shares (12+13+14)

1,27,18,600

100.00

16.

Reasons for difference if any between (10 & 11)  

Reasons for difference if any between (10 & 15)       &nbs p;  

Reasons for difference if any between (11 & 15)

Not Applicable     

Not Applicable  

Not Applicable     

17.

Certifying the details of changes in share capital during the quarter under consideration as per table below:      

Particulars of Changes in share capital

Number of shares

Applied/ not applied for listing

Listed on stock exchanges

Whether intimated to CDSL

Whether intimated to NSDL

In principle approval pending for SE(specfy names)

Preferential issue

N/A

 

 

 

 

 

18.

Register of Members is updated (Yes/No) 

 if not, updated upto  which date

Yes

Not Applicable

19.

Reference of Previous Quarter with regard to  excess dematerialized shares, if any

Not Applicable 

20.

Has the Company resolved the matter mentioned in point No. 19 above in the current quarter? If not, reason why?

Not Applicable

21.

The total no. of  requests , if any, confirmed/rejected after 21 days and the total no. of requests  pending  beyond 21 days with the reasons of delay.** 

 

Total number of Demat requests

No. of Cases       &nbs p;

No. of Shares       &nbs p;

Reasons of delay

 

Confirmed after 21 days

NIL

NIL

 

 

Pending for more than 21 days (Released after 21days,as on the date all are settled)

Nil

Nil

N. A.

22.

Name, telephone & Fax No. of the Compliance Officer of the Company

Mr. S.L Moondhra, Senior Executive Director

Tel. No. (07272)- 258293

Fax. No. (07272)- 400363      

23.

Name, Telephone & Fax No., Regn. No. of the Auditor                &n bsp;     

Mr. Neelesh Gupta  

Practising Company Secretary,  

FCS-6381 CP-6846       &nbs p;

311, Block C, 3rd Floor, Silver Mall,

8,  R. N. T. Marg,  Indore- 452001

24.

Appointment of Common Agency for Share Registry work

M/s Link Intime India Pvt. Limited

C-13, Pannalal Silk Mills Compound, L. B. S. Bhandup, (W) Mumbai, 400078         ; 

25.

Any other detail that the auditor may like to       &nbs p;           &nb sp;           &n bsp;           & nbsp;                         ;           &nbs p;                   provide (e.g. BIFR Company, delisting from Stock Exchanges, company changed its name etc.)       &nbs p;           

NIL       &nbs p;           &nb sp;           &n bsp;

 

For Neelesh Gupta & Co.,   
Company Secretaries  
Place: Indore 
Date: 12th July, 2011  Neelesh Gupta 
Proprietor  
 FCS-6381 CP-6846  

 

Statement Showing Shareholding Pattern 
Name of the Company :HIND SYNTEX LIMITED: DEWAS 
Scrip Code :503881         Quarter Ended :30th June, 2011 
Category
code		 Category of
Shareholder		 Number of
Shareholders		 Total number
of  shares		 Number of shares held in dematerialized form Total shareholding as a percentage of total number of shares Shares Pledged encumbered or otherwise
As a percentage of(A+B)1 As a percentage of (A+B+C) Number of shares As a percentage
(I) (II) (III) (IV) (V) (VI) (VII) (VIII) (IX)=(VIII)/(IV)*100
(A) Shareholding of Promoter and Promoter Group2
1 Indian
(a) Individuals/ Hindu Undivided Family
  Shri Ravi Mohan 4 231400 231400 1.82 1.82 231400.00 100.00
  Shri Ravi Mohan 1 2000 2000 0.02 0.02 0.00 0.00
  Shri Chandra Mohan 2 111602 111602 0.88 0.88 111602.00 100.00
  Shri Chandra Mohan 1 1000 1000 0.01 0.01 0.00 0.00
  Shri Chandra Mohan 1 1000 0 0.01 0.01 0.00 0.00
(b) Central Government/ State Government(s) 0 0 0 0.00 0.00    
(c) Bodies Corporate              
  Hind Carpets Pvt Ltd. 1 237900 237900 1.87 1.87 237900.00 100.00
  Others 3 3260357 3259857 25.63 25.63 0.00 0.00
(d) Financial Institutions/ Banks 0 0 0 0.00 0.00    
(e) Any Others(Specify)Directors & their Relatives 4 8102 8102 0.06 0.06 0.00 0.00
(e-i)                
(e-ii)                
  Sub Total (A)(1) 17 3853361 3851861 30.30 30.30 580902.00 15.08
  
2 Foreign
a Individuals (Non-Residents Individuals/
Foreign Individuals)		 0 0 0 0.00 0.00 0.00  
b Bodies Corporate 0 0 0 0.00 0.00 0.00  
c Institutions 0 0 0 0.00 0.00 0.00  
d Any Others (Specify) 0 0 0 0.00 0.00 0.00  
d-i   0 0 0 0.00 0.00 0.00  
d-ii   0 0 0 0.00 0.00 0.00  
  Sub Total(A)(2) 0 0 0 0.00 0.00 0.00 0.00
 
  Total Shareholding of Promoter     and Promoter Group (A)= (A)(1)+(A)(2) 17 3853361 3851861 30.30 30.30 580902.00 15.08
                 
(B) Public shareholding              
1 Institutions           NA NA
(a) Mutual  Funds/ UTI 2 1771 0 0.01 0.01 NA NA
(b) Financial Institutions / Banks 7 1848862 1841100 14.54 14.54    
(c) Central Government/ State Government(s) 0 0 0 0.00 0.00    
(d)  Venture  Capital Funds  0 0 0 0.00 0.00    
(e) Insurance Companies 1 400 0 0.00 0.00    
(f) Foreign Institutional Investors 0 0 0 0.00 0.00    
(g) Foreign Venture Capital Investors 0 0 0 0.00 0.00    
(h) Any Other (specify) 0 0 0 0.00 0.00    
(h-i)                
(h-ii)                
  Sub-Total (B)(1) 10 1851033 1841100 14.55 14.55    
  
B 2 Non-institutions           NA NA
(a) Bodies Corporate 202 1157485 1027435 9.10 9.10    
(b) Individuals              
I Individuals -i. Individual shareholders holding nominal share capital up to Rs 1 lakh 5577 4195331 3489401 32.99 32.99    
II ii. Individual shareholders holding nominal   share capital in excess of Rs. 1 lakh. 57 1458379 1393279 11.47 11.47    
(c) Any Other (specify) Non resident shareholders 25 101011 88411 0.79 0.79    
(c-i) Non resident - body corporates 1 102000 0 0.80 0.80    
(c-ii)         0.00 0.00    
  Sub-Total (B)(2) 5862 7014206 5998526 55.15 55.15    
 
(B) Total       &nbs p; Public Shareholding (B)= (B)(1)+(B)(2) 5872 8865239 7839626 69.70 69.70 NA NA
  TOTAL (A)+(B) 5889 12718600 11691487 100.00 100.00    
 
(C) Shares  held  by Custodians and against     which Depository Receipts have been issued 0 0 0 NA 0.00 NA NA
  GRAND TOTAL (A)+(B)+(C) 5889 12718600 11691487 NA 100.00 580902 4.57
 

        AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31,2011

 (Rs in Lacs)
Sl. No. Particulars QUARTER ENDED 31.03.2011 AUDITED QUARTER ENDED 31.03.2010 AUDITED YEAR  ENDED 31.03.2011 AUDITED YEAR  ENDED 31.03.2010 AUDITED
1 Net Sales / Income from Operations   3246.77 2142.93 10577.18 7354.47
2 Expenditure:        
  (a) (Increase)/decrease in  stock-in-trade and work in progress (261.30) 34.86 (551.20) 185.29
  (b) Consumption of Raw Materials 2435.17 1426.87 7511.52 4830.39
  (c) Purchase of traded goods   -   -   -   -
  (d) Staff cost 205.98 171.10 807.83 629.99
  (e) Power & Fuel 311.68 240.93 1185.66 868.81
  (f) Depreciation 92.74 94.94 370.69 430.40
  (g) Other expenditure 258.03 193.97 832.40 638.24
  Total Expenditure (a to g) 3042.30 2162.67 10156.90 7583.12
3 Profit/(Loss) from Operations before Interest & Exceptional items (1-2)        204.47         (19.74) 420.28   (228.65)
4 Other Income 21.86 56.14 29.66 73.63
5 Profit/(Loss) before Interest & Exceptional items (3+4)        226.33          36.40 449.94 (155.02)
6 Interest 154.17 175.32 676.99 652.53
7 Profit/(Loss) after Interest but before         &nbs p; 72.16       (138.92) (227.05) (807.55)
  Exceptional items (5-6)        
8 Exceptional items   -   -   -   -
9 Profit / (Loss)  from Ordinary Activities before tax (7+8) 72.16 (138.92) (227.05) (807.55)
10 Tax Expenses        
  Add / Less: Deferred Tax    -         22.00   - 22.00
11 Net Profit/(Loss)  from Ordinary Activities after tax (9-10) 72.16 (116.92) (227.05) (785.55)
12 Extraordinary Items (net of tax expenses Rs...)        &nbs p;       -     50.69  -      50.69
13 Net Profit /(Loss) for the period (11-12) 72.16 (66.23) (227.05) (734.86)
14 Paid up equity share capital (Face value of Rs 10 each) 1272.72 1088.72 1272.72 1088.72
15 Reserves excluding revaluation reserves as per balance sheet of previous accounting year   -       -   (2958.95) (2731.90)
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) 0.60 (0.61) (1.88) (6.76)
  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)     0.60      (0.61)        (1.88)       (6.76)
17 Public Share holding        
  No. of Shares  8865239 7015545 8865239 7015545
  % of share holding 69.66 64.44 69.66 64.44
           
18 Promoters and promoter group share holding        
  a) Pledged/Encumbered        
  -Number of shares 580902 580902 580902 580902
  -Percentage of shares (as a % of the total shareholding of promoter and promoter group) 15.08 15.04 15.08 15.04
  -Percentage of shares (as a% of the total share capital of the company) 4.57 5.33 4.57 5.33
  b) Non-encumbered        
  -Number of shares   -   -   -   -
  -Percentage of shares (as a % of the total shareholding of promoter and promoter group)   -   -   -   -
  -Percentage of shares (as a% of the total share capital of the company)   -   -   -   -
 Notes:
1 The financial  results  for  the  year  ended  March  31, 2011,  as   reviewed   by   the  Audit   Committee,  were considered and approved by the Board of Directors at its meeting held on June 24, 2011. 
2 Regarding qualification of auditors pertaining to gratuity  liability of employees  as per  AS-15  (Revised)  though valuation has not been done by an actuary, but as per calculation made by the company, funds available with LIC  under Employees Group Gratuity Scheme are adequate to meet gratuity liability. The Company has determined  the liability for the leave at the credit of its employees on the basis of their current salaries and made a provision  for such a liability (without an actuarial valuation).
3 The company has submitted revised restructuring scheme to the lenders, the decision of which is awaited.
4 In terms of AS-28 "Impairment of Assets" on impairment found in the assets, after due consideration of future cash flow criteria prescribed in the Accounting Standard.
5 Auditors  qualification  with  regard  to  provision  of  depreciation  on  Plant & Machinery at the rates prescribed under continuous process plant continues as in the past.
6 The Company has only one segment of activity namely "Synthetic Blended Yarn".
7 There  were  no  complaint received  from  investors during  the quarter.    
8 Previous period's figures have been regrouped and rearranged, wherever necessary. 
9 The Audited Statement of assets and liabilities 

 (` in Lacs)
  Particulars  YEAR  ENDED 31.03.2011AUDITED     YEAR  ENDED 31.03.2010 AUDITED
  Shareholders Funds     
  (a) Capital  1272.72 1088.72
  (b) Reserves and Surplus  89.18 89.18
  Loan Funds  7734.41 7488.73
  Total 9096.31 8666.63
  Fixed Assets  3456.54 3826.47
  Current Assets, Loans and Advances     
  (a) Inventories  1548.18 963.12
  (b) Sundry Debtors  700.35 397.45
  (c) Cash and Bank Balances  190.33 226.46
  (e) Loans and Advances  884.5 946.71
  Less Current Liabilities and Provision     
  (a) Liabilities  329.86 222.09
  (b) Provisions  401.86 292.57
  Profit and Loss Account 3048.13 2821.08
  Total 9096.31 8666.63
Dated   : 24.06.2011  For Hind Syntex Limited
S L Moondhra          
Place   :  Dewas  Senior Executive Director

 

 

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