SUBROS  LIMITED
REGD. OFFICE : LGF, WORLD TRADE CENTRE, BARAKHAMBA LANE, NEW DELHI-110001
STATEMENT OF UNAUDITED / AUDITED RESULTS  FOR THE QUARTER / FOR THE YEAR ENDED 31st MARCH, 2014
PART – I (Rs. in Lacs)
S.NO. PARTICULARS STANDALONE STANDALONE CONSOLIDATED
QUARTER ENDED YEAR ENDED YEAR ENDED
 31-03-2014 (UNAUDITED)   31-12-2013 (UNAUDITED)   31-03-2013 (UNAUDITED) 31-03-2014 (AUDITED) 31-03-2013 (AUDITED) 31-03-2014 (AUDITED) 31-03-2013 (AUDITED)
Sales Qty. ( In Nos.) 248761 221600 281630 917349 955850
1 Income from Operations
Gross Sales (Inclusive of Excise Duty) 36310  30840  39630  131369  143500  131881  143720 
Less: Excise Duty 3913  3518  4873  15032  16396  15032  16396 
a) Net Sales/ Income from Operations 32397  27322  34757  116337  127104  116849  127324 
b) Other Operating Income 311  431  15  769  76  770  334 
Total Income from operations (a+b) 32708  27753  34772  117106  127180  117619  127658 
2 Expenses:
 a) Cost of material consumed 21853  19054  24050  80676  91897  80708  92003 
 b) Purchase of stock in trade 0  0  0  0  0  0  0 
 c) Changes in inventories of finished goods, work in progress and stock in trade 50  272  553  41  (663) 45  (662)
 d) Employees benefit expenses 2629  2707  3074  10527  10417  10795  10655 
 e) Depreciation and amortisation expense 2084  1934  2008  7723  7255  7749  7279 
 f) Other Expenses 3657  2802  3782  12721  13306  12851  13447 
Total Expenses (a+b+c+d+e+f) 30273  26769  33467  111688  122212  112148  122722 
3 Profit from Operations before other Income, finance cost and Exceptional Items(1-2) 2435  984  1305  5418  4968  5471  4936 
4 Other Income 127  42  997  223  1082  223  1089 
5 Profit from ordinary activities before finance cost and Exceptional Items(3+4) 2562  1026  2302  5641  6050  5694  6025 
6 Finance Cost 1148  857  920  3716  3592  3717  3593 
7 Profit from ordinary activities after finance cost but before Exceptional Items(5-6) 1414  169  1382  1925  2458  1977  2432 
8 Exceptional Items 0  0  0  0  0  0  0 
9 Profit from ordinary activities before tax (7-8) 1414  169  1382  1925  2458  1977  2432 
10 Tax Expenses 164  (6) 496  (101) 401  (102) 405 
11 Net profit from ordinary activities after tax (9-10) 1250  175  886  2026  2057  2079  2027 
12 Extraordinary items 0  0  0  0  0  0  0 
13 Net profit for the period (11-12) 1250  175  886  2026  2057  2079  2027 
14 Share of profit of associates 0  0  0  0  0  0  0 
15 Minority interest 0  0  0  0  0  0  0 
16 Net profit after taxes, minority interest and share of profit of associates (13+14+15) 1250  175  886  2026  2057  2079  2027 
17 Paid up equity share capital 1200  1200  1200  1200  1200  1200  1200 
18 Face value of share (Rs.) 2  2  2  2  2  2  2 
19 Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year 28988  27453  28976  27398 
20 Basic & diluted earning per share(not annualised)Rs 2.09 0.29 1.48 3.38 3.43 3.47 3.38
PART – II
S.NO. PARTICULARS QUARTER ENDED YEAR ENDED
 31-03-2014 (UNAUDITED)   31-12-2013 (UNAUDITED)   31-03-2013 (UNAUDITED) 31-03-2014 (AUDITED) 31-03-2013 (AUDITED)
A PARTICULARS OF SHAREHOLDING
1 Public shareholding
- Number of Shares 35988600 35988600 35988600 35988600 35988600
- Percentage of Shareholdings 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%
-  Percentage of shares (as a % of the total share capital of the company) 0.00% 0.00% 0.00% 0.00% 0.00%
b) Non - encumbered
 - Number of shares 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%
- Percentage of shares (as a % of the total share capital of the company) 40.01% 40.01% 40.01% 40.01% 40.01%
PARTICULARS QUARTER ENDED 31ST MARCH, 2014
B INVESTOR COMPLAINTS
Pending at the beginning of quarter 0
Received during the quarter 0
Disposed off during the quarter 0
Remaining unresolved at the end of the quarter 0
Notes:-
1 The statement of Assets and Liabilities as required under Clause 41(v)(b) of the Listing Agreement is as under:-
PARTICULARS STANDALONE CONSOLIDATED
YEAR ENDED YEAR ENDED
31-03-2014 (AUDITED) 31-03-2013 (AUDITED) 31-03-2014 (AUDITED) 31-03-2013 (AUDITED)
A. EQUITY AND LIABILITIES
     1. Shareholders' Fund
          (a) Share Capital 1200 1200 1200 1200
          (b) Reserve & Surplus 28988 27453 28976 27398
Sub total – Shareholders' Funds 30188 28653 30176 28598
      2. Non- Current Liabilities
          (a) Long Term Borrowings 24143 18957 24143 18957
          (b) Deferred Tax Liabilities (net) 2696 2794 2697 2795
          (c.) Other Long- Term Liabilities 30 26 30 26
          (d) Long-Term Provisions 245 257 297 259
Sub total – Non-Current Liabilities 27114 22034 27167 22037
      3. Current Liabilities
          (a) Short Term Borrowings 9291 10340 9291 10360
          (b) Trade Payables 10951 14118 10982 14149
          (c.) Other Current Liabilities 13200 12308 13217 12363
          (d) Short-Term Provisions 597 586 597 586
Sub total – Current Liabilities 34039 37352 34087 37458
TOTAL- EQUITY AND LIABILITIES 91341 88039 91430 88093
B. ASSETS
      1. Non- Current Assets
          (a) Fixed Assets 58616 55152 58696 55248
          (b) Non Current Investments 250 250 0 0
          (c.) Long-Term Loans and Advances 5147 4160 5211 4213
Sub total – Non-Current Assets 64013 59562 63907 59461
      2.  Current Assets
          (a) Inventories 17724 19076 17784 19160
          (b.) Trade receivable 6038 4482 6099 4497
          (c.) Cash and bank balances 1055 1079 1103 1123
          (d) Short Term Loans and Advances 2491 3816 2517 3828
          (e) Other Current Assets 20 24 20 24
Sub total – Current Assets 27328 28477 27523 28632
TOTAL- ASSETS 91341 88039 91430 88093
2 The above unaudited results for the quarter ended 31st March, 2014 and the audited results for the year ended 31st March 2014 were reviewed by Audit Committee and approved by the Board of Directors in their meetings held on 26th May, 2014.
3 The Board of Directors at their meeting considered and recommended a dividend aggregating Rs.419.92 acs i.e Rs. 0.70 per share of face value Rs.2/- each subject to the approval of the Shareholders
4 The company's operations comprise of only one segment i.e. parts & components for Automotive Airconditioning systems.
5 The figures of the last quarter are the balancing figures between the audited figures in respect of the full financial year and the published year to date unaudited figures upto the IIIrd quarter of the current financial year.
6 Tax Expenses are net of MAT credit recoverable and include Current Tax and Deferred tax
7 Consolidated Financial Statement has been prepared in accordance with Accounting Standard-21 “ Consolidated Financial Statements” and Accounting Standard – 27 “Financial Reporting of Interest in Joint Ventures”. The above results includes the financial results of wholly owned subsidiary, Thai Subros Ltd, Thailand and proportionate (26%) figures of Joint Venture, DENSO Subros Thermal Engineering Centre India Limited.
8 The figures of the previous periods have been regrouped, where ever necessary, conform to the current quarter's / year's classification.
For SUBROS LIMITED
Place : New Delhi Ramesh Suri
Date  : 26.05.2014 CHAIRMAN