SUBROS  LIMITED
REGD. OFFICE : LGF, WORLD TRADE CENTRE, BARAKHAMBA LANE, NEW DELHI-110001 CIN:- L74899DL1985PLC020134
STATEMENT OF UNAUDITED RESULTS (STAND ALONE) FOR THE QUARTER AND SIX MONTHS  ENDED 30th SEPTEMBER, 2014
PART – I (Rs. In Lacs)
S.NO. PARTICULARS QUARTER ENDED HALF YEAR ENDED YEAR ENDED
 30-09-2014 (UNAUDITED)  30-06-2014 (UNAUDITED)  30-09-2013 (UNAUDITED)  30-09-2014 (UNAUDITED)  30-09-2013 (UNAUDITED) 31-03-2014 (AUDITED)
Sales Qty. ( In Nos.) 244333 219505 224674 463838 446988 917349
1 Income from Operations
Gross Sales (Inclusive of Excise Duty) 35783  31843  32469  67626  64219  131369 
Less: Excise Duty 3553  3171  3863  6724  7601  15032 
a) Net Sales/ Income from Operations 32230  28672  28606  60902  56618  116337 
b) Other Operating Income 39  14  13  53  27  769 
Total Income from operations (a+b) 32269  28686  28619  60955  56645  117106 
2 Expenses:
 a) Cost of material consumed 21724  20531  20247  42255  39769  80676 
 b) Purchase of stock in trade 0  0  0  0  0  0 
 c) Changes in inventories of finished goods, work in progress and stock in trade 474  (1132) (255) (658) (281) 41 
 d) Employees benefit expenses 3110  2958  2668  6068  5191  10527 
 e) Depreciation and amortisation expense 2101  2048  1813  4149  3705  7723 
 f) Other Expenses 3315  3335  3201  6650  6262  12721 
Total Expenses (a+b+c+d+e+f) 30724  27740  27674  58464  54646  111688 
3 Profit from Operations before other Income, finance cost and Exceptional Items(1-2) 1545  946  945  2491  1999  5418 
4 Other Income 36  197  20  233  54  223 
5 Profit from ordinary activities before finance cost and Exceptional Items(3+4) 1581  1143  965  2724  2053  5641 
6 Finance Cost 992  841  833  1833  1711  3716 
7 Profit from ordinary activities after finance cost but before Exceptional Items(5-6) 589  302  132  891  342  1925 
8 Exceptional Items 0  0  0  0  0  0 
9 Profit from ordinary activities before tax (7-8) 589  302  132  891  342  1925 
10 Tax Expenses 16  (27) (178) (11) (259) (101)
11 Net profit from ordinary activities after tax (9-10) 573  329  310  902  601  2026 
12 Extraordinary items 0  0  0  0  0  0 
13 Net profit for the period (11-12) 573  329  310  902  601  2026 
14 Share of profit of associates 0  0  0  0  0  0 
15 Minority interest 0  0  0  0  0  0 
16 Net profit after taxes, minority interest and share of profit of associates (13+14+15) 573  329  310  902  601  2026 
17 Paid up equity share capital 1200  1200  1200  1200  1200  1200 
18 Face value of share (Rs.) 2  2  2  2  2  2 
19 Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year 28988 
20 Basic & diluted earning per share(not annualised)Rs 0.96 0.55 0.52 1.51 1.01 3.38
PART – II
S.NO. PARTICULARS QUARTER ENDED HALF YEAR ENDED YEAR ENDED
 30-09-2014 (UNAUDITED)  30-06-2014 (UNAUDITED)  30-09-2013 (UNAUDITED)  30-09-2014 (UNAUDITED)  30-09-2013 (UNAUDITED) 31-03-2014 (AUDITED)
A PARTICULARS OF SHAREHOLDING
1 Public shareholding
- Number of Shares 35988600 35988600 35988600 35988600 35988600 35988600
- Percentage of Shareholdings 59.99% 59.99% 59.99% 59.99% 59.99% 59.99%
2 Promoters & Promoters Group Shareholding
a) Pledged / Encumbered
-   Number of shares - - - - - -
- Percentage of shares (as a % of the total shareholding of promoter and promoter group) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-  Percentage of shares (as a % of the total share capital of the company) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
b) Non - encumbered
 - Number of shares 24000000 24000000 24000000 24000000 24000000 24000000
- Percentage of shares (as a % of the total shareholding of the Promoter and Promoter group) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
- Percentage of shares (as a % of the total share capital of the company) 40.01% 40.01% 40.01% 40.01% 40.01% 40.01%
PARTICULARS QUARTER ENDED 30-09-2014
B INVESTOR COMPLAINTS
Pending at the beginning of quarter 0
Received during the quarter 3
Disposed off during the quarter 3
Remaining unresolved at the end of the quarter 0
Note:    1) The above results were reviewed by the Audit Committee on 3rd November, 2014 and taken on record by the Board of Directors at its meeting held on 3rd November, 2014 and a limited review of the same has been carried out by the statutory auditors of the company.
2) The depreciation charge for the quarter and six months ended 30.09.2014  has been provided as in the earlier period. The detailed assessment on review of depreciation charge is in progress based on provisions of new Companies Act, and Industry benchmark practices. This impact, if any, will be given effect in subsequent quarters.
3) Previous year's figures have been regrouped/recast wherever necessary.
4) The Company's operation comprise of only one segment i.e. parts & components for Automotive Airconditioning systems.
5) Statement of Assets and Liabilities:- (Rs. In Lacs)
     PARTICULARS AS AT 30-09-2014 AS AT 31-03-2014
EQUITY AND LIABILITIES
SHAREHOLDERS' FUNDS:
   (A)  SHARE CAPITAL 1,200 1,200
   (B)  RESERVES AND SURPLUS 29,889 28,988
SUB TOTAL-SHAREHOLDERS FUND 31,089 30,188
NON-CURRENT LIABILITIES
   (A) LONG-TERM BORROWINGS 21,352 24,143
   (B) DEFERRED TAX LIABILITIES (NET) 2,678 2,696
   (C)  OTHER LONG-TERM LIABILITIES 34 30
   (D) LONG-TERM PROVISIONS 276 245
SUB TOTAL-NON CURRENT LIABILITIES 24,340 27,114
CURRENT LIABILITIES
   (A) SHORT-TERM BORROWINGS 16,327 9,291
   (B) TRADE PAYABLES 9,690 10,951
   (C)  OTHER CURRENT LIABILITIES 15,748 13,200
   (D) SHORT-TERM PROVISIONS 115 597
SUB TOTAL-CURRENT LIABILITIES 41,880 34,039
TOTAL-EQUITY AND LIABILITIES 97,309 91,341
ASSETS
NON-CURRENT ASSETS
(A) FIXED ASSETS 59,890 58,616
(B) NON-CURRENT INVESTMENTS 250 250
(C) LONG-TERM LOANS AND ADVANCES 4,919 5,147
SUB TOTAL-NON CURRENT ASSETS 65,059 64,013
CURRENT ASSETS
(A) INVENTORIES 19,680 17,724
(B) TRADE RECEIVABLES 8,388 6,038
(C) CASH AND BANK BALANCES 1,060 1,055
(D) SHORT-TERM LOANS AND ADVANCES 3,064 2,491
(E) OTHER CURRENT ASSETS 58 20
SUB TOTAL-CURRENT ASSETS 32,250 27,328
TOTAL ASSETS 97,309 91,341
For SUBROS LIMITED
(Ramesh Suri)
Place : New Delhi CHAIRMAN
Date  : 03.11.2014