Shree Ram Urban Infrastructure Ltd.

 

 

 

 

 

 

 SHREE RAM URBAN INFRASTRUCTURE LIMITED

 

 (Formerly known as Shree Ram Mills Limited)

 

 Regd. Office : Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 013


 

Audited Financial Results for the year ended 31st December, 2011

 
   
 
( Rs. In lacs) 
                          
(Unaudited) 
    
Standalone   (Audited) 
 Sr.   Particulars   
3 months  
 
3 months  
 
3 months  
 
Year  
 
Previous  
 No.     
Ended 
 
Ended 
 
Ended 
 
Ended 
 
Year Ended 
     
31.12.2011 
 
30.09.2011 
 
31.12.2010 
 
31.12.2011 
 
31.12.2010 
    1  Net Income from Sales / Services 
   a) Textiles             
341.10
           
568.21
         
777.27
       
2,482.47
      
3,293.27
   b) Real Estate         
5,057.43
         
3,767.15
           
22.36
      
35,390.50
         
175.64
   Total         
5,398.53
         
4,335.36
         
799.63
      
37,872.97
      
3,468.91
    2  Cost of Sales / Services 
   (a) Purchase of traded goods             
329.46
           
549.00
         
750.04
       
2,397.48
      
3,173.26
   (b) Cost of Construction         
4,828.27
         
3,709.27
                
-  
      
34,680.82
                
-  
   (c) Other Expenditure                
1.51
               
1.39
            
1.72
              
8.01
           
68.57
    3  Gross Profit (1-2)            
239.29
             
75.70
           
47.87
          
786.66
         
227.08
    4  Employee Cost              
11.73
             
16.50
           
13.53
            
64.58
           
54.27
    5  General Administrative Expenses            
318.85
           
149.64
         
117.31
          
689.22
         
987.81
    6  Depreciation/Provision for Impairment Loss                
2.26
               
1.95
         
175.52
              
7.41
         
812.65
    7  Operating Profit before interest ((3 - (4+5+6))             
(93.55)
            
(92.39)
        
(258.49)
            
25.45
     
(1,627.65)
    8  Interest & Financial Charges                
1.14
               
0.45
            
0.06
              
2.25
             
1.06
    9  Exceptional Items                    
-  
                  
-  
                
-  
                 
-  
                
-  
   10  Operating Profit after interest and Exceptional Items (7-8-9)             
(94.69)
            
(92.84)
        
(258.55)
            
23.20
     
(1,628.71)
   11  Other Income including int. income              
20.57
               
6.14
            
2.03
            
32.32
             
9.59
   12  Profit (+) / Loss (-) from Ordinary Activities before prior Period Adjustments & Tax (10+11)             
(74.12)
            
(86.70)
        
(256.52)
            
55.52
     
(1,619.12)
   13 Prior period adjustments               
5.18
                  
-  
                
-  
              
5.18
            
(5.12)
   14  Profit (+) / Loss (-) before Tax (12 + 13)             
(68.94)
            
(86.70)
        
(256.52)
            
60.70
     
(1,624.24)
   15  Tax Expenses including Deferred Tax             
(32.46)
               
0.05
            
0.25
              
0.50
             
0.47
   16 Profit (+) / Loss (-) for the period (14 - 15)            
(36.48)
            
(86.75)
        
(256.77)
            
60.20
     
(1,624.71)
   17 Paid-up equity share capital (Face value Re.10/- per Share)        
4,113.45
         
4,113.45
      
2,063.45
       
4,113.45
      
2,063.45
   18 Reserves Excluding Revaluation Reserve (as per Balance Sheet) of previous accounting year                  
-  
                  
-  
                
-  
      
25,365.17
     
(1,316.34)
   19 Earning per share (EPS)
  Basic and diluted Earning per share (EPS) (not  annualized)              
(0.09)
              
(0.21)
           
(1.24)
              
0.20
            
(7.87)
   20 Public Shareholding 
  Number of shares     
12,715,713
     
12,728,728
    
8,320,057
    
12,715,713
     
8,320,057
  Percentage of shareholding             
30.91
             
30.94
           
40.32
            
30.91
           
40.32
   21 Promoters & Promoter Group Shareholding
  a) Pledged/Encumbered
  - Number of shares       
2,447,830
       
2,447,830
    
9,176,284
      
2,447,830
     
9,176,284
  - Percentage of Shares ( as a % of Total Shareholding of Promoter & Promoter Group)
8.61
8.62
74.52
8.61
74.52
  - Percentage of shares ( as a % of Total Equity Share Capital of the Company)
5.95
5.95
44.47
5.95
44.47
  b) Non Encumbered 
  - Number Shares      
25,970,997
     
25,957,982
    
3,138,199
    
25,970,997
     
3,138,199
  - Percentage of Shares ( as a % of Total Shareholding of Promoter & Promoter Group)
91.39
91.38
25.48
91.39
25.48
  - Percentage of shares ( as a % of Total Equity Share Capital of the Company)
63.14
63.11
15.21
63.14
15.21
 
                       Segmentwise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement
 ( Rs. In lacs) 
                       
(Unaudited) 
    
Standalone   (Audited) 
   
3 months  
 
3 months  
 
3 months  
 
Year  
 
Previous  
Particulars  
Ended 
 
Ended 
 
Ended 
 
Ended 
 
Year Ended 
   
31.12.2011 
 
30.09.2011 
 
31.12.2010 
 
31.12.2011 
 
31.12.2010 
Segment Revenue (Net Sales/
Income from each segment) :
a) Textiles           
341.10
           
568.21
         
777.27
       
2,482.47
      
3,293.27
b) Real estate        
5,057.43
         
3,767.15
           
22.36
      
35,390.50
         
175.64
Sub -Total        
5,398.53
         
4,335.36
         
799.63
      
37,872.97
      
3,468.91
Less : Inter Segment Revenue                  
-  
                  
-  
                
-  
                 
-  
                
-  
Total Net Sales / Income from Operations        
5,398.53
         
4,335.36
         
799.63
      
37,872.97
      
3,468.91
 
Segment Results :
Profit from Operations
of each segment
a) Textiles            
(12.85)
             
19.41
        
(146.81)
           
(29.63)
        
(697.01)
b) Real estate           
200.87
             
55.05
           
18.99
          
669.39
           
87.74
Profit before Interest & Tax           
188.02
             
74.46
        
(127.82)
          
639.76
        
(609.27)
Less : Interest               
1.14
               
0.45
            
0.06
              
2.25
             
1.06
          Other Expenditure (Unallocable)           
260.38
           
166.48
         
128.63
          
591.17
      
1,021.89
Add   : Other Income (Unallocable)               
4.56
               
5.77
                
-  
            
14.36
             
7.97
Total Profit Before Tax            
(68.94)
            
(86.70)
        
(256.52)
            
60.70
     
(1,624.24)
 
Capital Employed
(Segment Assets - Segment Liabilities):
a) Textiles           
493.35
           
781.86
           
71.24
          
493.35
         
855.82
b) Real estate       
83,193.63
       
83,089.25
    
57,162.17
      
83,193.63
     
52,584.48
Total       
83,686.98
       
83,871.11
    
57,233.41
      
83,686.98
     
53,440.30
Add   : Unallocable Capital Employed        
5,638.42
         
5,815.30
         
451.61
       
5,638.42
         
371.09
Total Capital Employed       
89,325.40
       
89,686.41
    
57,685.02
      
89,325.40
     
53,811.39
 
           
      Audited Consolidated Financial Results for the year ended 31st December, 2011     
       
( Rs. In lacs) 
       
Consolidated  (Audited) 
 Sr.   Particulars     
Year  
 
Previous  
 No.       
Ended 
 
Year Ended 
       
31.12.2011 
 
31.12.2010 
     
    1  Net Income from Sales / Services             
2,482.47
      
3,293.27
   a) Textiles            
35,390.50
         
175.64
   b) Real Estate           
37,872.97
      
3,468.91
   Total   
    2  Cost of Sales / Services   
 
   (a) Purchase of traded goods              
2,397.48
      
3,173.26
   (b) Cost of Construction           
34,680.82
                
-  
   (c) Other Expenditure                   
8.01
           
68.57
    3  Gross Profit (1-2)               
786.66
         
227.08
    4  Employee Cost                 
64.58
           
54.27
    5  General Administrative Expenses               
702.54
      
1,047.06
    6  Depreciation/Provision for Impairment Loss                   
7.41
         
812.65
    7  Operating Profit before interest ((3 - (4+5+6))                 
12.13
     
(1,686.89)
    8  Interest & Financial Charges                   
2.26
            
1.06
    9  Exceptional Items                       
-  
                
-  
   10  Operating Profit after interest and Exceptional Items (7-8-9)                 
9.87
     
(1,687.95)
   11  Other Income including int. income                 
32.32
           
18.81
   12  Profit (+) / Loss (-) from Ordinary Activities before Tax (10 + 11)               
42.19
     
(1,669.14)
   13 Prior period adjustments                  
5.18
           
(5.12)
   14  Profit (+) / Loss (-) before Tax (12 + 13)                 
47.37
     
(1,664.02)
   15  Tax Expenses including Deferred Tax                 
18.48
            
2.47
   16 Net Profit (+) / Loss (-) from ordinary Activites  after tax (14 - 15)              
28.88
     
(1,666.49)
   17 Minority Interest in loss of shares                 
(1.54)
           
(2.15)
   18 Profit (+) / Loss (-) for the period (16 - 17)                
30.42
     
(1,664.34)
   19 Paid-up equity share capital (Face value  Re.10/- per share)          
4,113.45
      
2,063.45
   20 Reserves Excluding Revaluation Reserve (as per Balance Sheet) of previous accounting year        
50,285.52
      
9,016.48
   21 Earning per share (EPS)  
 
  Basic and diluted Earning per share (EPS) (not  annualized)                
0.10
           
(8.07)
   22 Public Shareholding   
 
  Number of shares        
12,715,713
    
8,320,057
  Percentage of shareholding                
30.91
           
40.32
   23 Promoters & Promoter Group Shareholding  
  a) Pledged/Encumbered  
 
  - Number of shares          
2,447,830
    
9,176,284
  - Percentage of Shares ( as a % of Total                  
8.61
           
74.52
    shareholding of promoter & promoter group)  
  - Percentage of shares ( as a % of Total Equity                   
5.95
           
44.47
    Share Capital of the Company )  
  b) Non Encumbered   
  - Number Shares         
25,970,997
    
3,138,199
  - Percentage of shares ( as a % of total                
91.39
           
25.48
    shareholding of promoter & promoter group)  
  - Pecentage of shares ( as a % of Total Equity                
63.14
           
15.21
   Share Capital of the Company)  
Audited Consolidated Segmentwise Revenue, Results and Capital Employed under Clause 41 of the Listing Agreement
 (Rs. in lacs)
     
Consolidated  (Audited) 
     
Year  
 
Previous  
Particulars    
Ended 
 
Year Ended 
     
31.12.2011 
 
31.12.2010 
   
Segment Revenue (Net Sales/  
Income from each segment) :  
a) Textiles            
2,482.47
      
3,293.27
b) Real estate          
35,390.50
         
175.64
Sub -Total          
37,872.97
      
3,468.91
Less : Inter Segment Revenue                     
-  
                
-  
Total Net Sales / Income from Operations          
37,872.97
      
3,468.91
   
Segment Results :  
Profit from Operations  
of each segment  
a) Textiles               
(29.63)
        
(697.01)
b) Real estate              
669.39
           
87.74
Profit before Interest & Tax              
639.76
        
(609.27)
Less : Interest                  
2.26
            
1.06
          Other Expenditure (Unallocable)              
604.49
      
1,070.89
Add   : Other Income (Unallocable)                
14.36
           
17.20
Total Profit Before Tax                
47.37
     
(1,664.02)
   
Capital Employed  
(Segment Assets - Segment Liabilities):  
a) Textiles              
493.35
         
855.82
b) Real estate        
112,768.76
    
62,708.79
Total        
113,262.11
    
63,564.61
Add   : Unallocable Capital Employed            
4,530.46
         
604.60
Total Capital Employed        
117,792.57
    
64,169.21
                             
Statement of Assets & Liabilities as at  31st  December, 2011
     
         
(Rs. in lacs)
              
Standalone   
      
Consolidated   
   
As at 
 
As at 
 
As at 
 
As at 
 
12/31/2011
12/31/2010
12/31/2011
12/31/2010
Sources of Funds
1)  Shareholders' Funds
    a) Share Capital        
4,113.45
         
2,317.34
      
4,160.27
       
2,342.34
    b) Convertible Equity Share Warrants                  
-  
         
7,175.00
                
-  
       
7,175.00
    c) Reserves & Surplus       
26,623.04
               
1.74
    
51,643.16
      
10,404.54
        
30,736.50
         
9,494.09
    
55,803.42
      
19,921.88
2)  Loan Funds
    a) Secured Loans       
59,312.79
       
45,101.40
    
62,812.79
      
45,101.40
    b) Unsecured Loans           
533.99
           
533.99
         
533.99
          
533.99
        
59,846.78
       
45,635.39
    
63,346.78
      
45,635.39
 
3)  Minority Interest                  
-  
                  
-  
      
1,370.80
          
568.39
 
TOTAL       
90,583.28
       
55,129.47
   
120,521.00
      
66,125.65
Application of Funds
 
1)  Fixed Assets
    a) Gross Block       
20,473.72
       
22,163.76
    
20,473.72
      
22,163.76
    b) Less: Depreciation, Amortisation 
        and Impairment         
3,158.08
         
4,362.99
      
3,158.08
       
4,362.99
 
    Net Block       
17,315.64
       
17,800.78
    
17,315.64
      
17,800.78
    Capital Work in Progress
    (including capital advances)
          
355.23
               
7.20
         
355.23
              
7.20
        
17,670.87
       
17,807.98
    
17,670.87
      
17,807.98
2)  Investments           
102.00
           
102.00
           
99.00
            
99.00
 
3)  Goodwill on Consolidation                  
-  
                  
-  
            
0.46
              
0.46
 
4)  Current Assets, Loans and advances :
    a) Interest Accrued on fixed deposits               
8.41
             
94.42
           
30.24
            
94.42
    b) Inventories       
85,184.35
       
61,842.62
    
85,980.68
      
71,966.93
    c) Sundry Debtors        
1,300.72
           
734.19
      
1,300.72
          
734.19
    d) Cash & Bank Balances        
2,071.13
         
5,478.35
      
8,588.00
       
5,531.49
    e) Other Current Assets        
5,056.71
                  
-  
      
5,056.71
                 
-  
    f) Loans and Advances       
53,164.62
       
25,810.22
    
59,755.12
      
27,379.67
      
146,785.94
       
93,959.80
   
160,711.46
    
105,706.69
Less: Current Liabilities and Provisions:
    a) Current Liabilities       
75,205.13
       
58,031.98
    
59,290.15
      
58,850.13
    b) Provisions             
28.28
             
26.41
           
28.28
            
26.41
        
75,233.41
       
58,058.39
    
59,318.43
      
58,876.54
Net Current Assets       
71,552.53
       
35,901.41
   
101,393.03
      
46,830.16
Profit and Loss Account        
1,257.88
         
1,318.09
      
1,357.64
       
1,388.06
TOTAL       
90,583.28
       
55,129.47
   
120,521.00
      
66,125.65
Notes:
1. The above results were reviewed at the  Audit Committee meeting held on 25th February, 2012 and approved by  the Board of Directors at the meeting held on 27th February, 2012.
2. The previous period's figures have been regrouped / rearranged wherever necessary.
3.   Investor complaints pending at the beginning of the quarter - Nil.  Received during the quarter -Nil Pending at the end of the quarter - Nil.  ( A group of Investors has filed a Company Petition No.45/397-398/CLB/MB/2009 with CLB  which is pending).
4.   The figures for the quarter ended 31st December, 2011 are the balancing figures between the Audited Financial Results for the year ended 31st December, 2011 and the Published Financial Results for the nine months ended 30th September, 2011.
5.   The Company is having two segments,  i.e., Textiles and Real Estate activites.
   
 
 
For Shree Ram Urban Infrastructure Ltd.
  sd/-
 
Place : Mumbai,
S.K. Luharuka,
Date  :  10th November, 2011.
Whole Time Director
 

 



 
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