Fine-Line Circuits Limited -- Financials

FINE - LINE CIRCUITS LIMITED
REGD. OFFICE : 145 SDF - V, SEEPZ, ANDHERI (EAST), MUMBAI - 400 096.

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2002

												(Rs in Lacs)
Sr.	Particulars						Unaudited Results for					Audited Results for
No.		30.06.2002		30.09.2002			Nine months		Three months	Three months		Accounting	Accounting
			%		%		Ended		Ended	Ended		Year Ended	Year Ended
		(Unaudited)		(Unaudited)			31.12.2001		31.03.2002	31.03.2001		31.03.2002	31.03.2001
1	Net Sales / Income from Operation
2	Exports	298.17	99%	385.68	99%	683.85	885.24	87%	248.14	396.28	162%	1133.38	1392.34
3	Domestic						21.82	2%	0.04	4.01	2%	21.86	33.48
4	Other Income	1.90	1%	4.94	1%	6.84	8.91	1%	-3.72	7.22	3%	5.19	8.85
5	Total Revenue	300.07	100%	390.62	100%	690.69	915.97	90%	244.46	407.51	167%	1160.43	1434.67
6	Total Expenditure
	(a) (Increase)/Decrease in Stock-in-trade	28.61	10%	13.78	4%	42.39	27.29	3%	-34.10	-35.45	-15%	-6.81	4.33
	(b) Consumption of Raw Material	127.54	43%	129.93	33%	257.47	316.26	31%	149.06	136.90	56%	465.32	578.22
	(c) Staff Cost	31.40	10%	36.12	9%	67.52	103.38	10%	13.85	28.10	11%	117.23	107.98
	(d) Other Expenditure :
	(i) Purchase of Traded Goods	0.00	0%	0.00	0%	0.00	0.00	0%	4.96	8.13	3%	4.96	8.13
	(ii) Others	82.28	27%	163.80	42%	246.08	316.46	31%	69.25	117.46	48%	385.71	409.54
		269.83	90%	343.63	88%	613.46	763.39	75%	203.02	255.14	104%	966.41	1108.20
7	Profit before Depreciation, Interest and Tax	30.24	170%	46.99	172%	77.23	152.58	15%	41.44	152.37	62%	194.02	326.47
8	Interest	0		0.00		0.00	0.00	0%	1.29	1.72	1%	1.29	9.87
9	Depreciation	27.00	288%	30.59	302%	57.59	110.49	11%	75.77	133.84	55%	186.26	258.95
10	Profit before Tax	3.24	575%	16.40	605%	19.64	42.09	4%	-35.62	16.81	7%	6.47	57.65
11	Provision for Taxation : Current	0		10.63		10.63	0.00	0%	3.15	2.00	1%	3.15	2.00
	Deferred	0		6.31		6.31	0.00	0%	0.00	0.00	0%	0.00	0.00
12	Profit after Tax	3.24	1033%	-0.54	1079%	2.70	42.09	4%	-38.77	14.81	6%	3.32	55.65
	Excess/ (Short) provision for tax of earlier years	-2.00	1896%	-2.00	1986%	-4.00	0.00	0%	1.70	34.67	14%	1.70	34.67
13	Profit for the period	5.24	3792%	1.46	3973%	-1.30	42.09	4%	-37.07	49.48	20%	5.02	90.32

14	Paid-up Equity Share Capital						539.26		539.26	541.11		539.26	541.11
	(Face Value Rs.10)
15	Reserve Excluding Revaluation Reserve						-		-	-		0.00	260.47
16	Earnings Per Share (Re.)
	Basic & diluted earning per share (Not Annualised)						0.78		-0.72	0.27		0.06	1.66
	Aggregate of Non Promoter Shareholding
	- No of Shares						3613700		3575900	3689420		3613700	3689420
	- Percentage of Shareholding						67.01%		66.31%	67.95%		67.01%	67.95%

1	The Company has business in only one segment ( i.e. Printed Circuit Boards )
2	Corrsponding figures of the previous period have been regrouped/rearranged, wherever necessary.
3	The company has decided to change the method of providing depreciation on other Assets from Straight Line
	Method to Written Down Value Method w.e.f 1.04.2001, in compliance with AS-6 "Depreciation Accounting"
	issued by the Institute of Chartered Accountants of India, depreciation has been recomputed from the date of
	acquisition / installation, there is an additional charge of depreciation of Rs. 98.57 Lacs for the year.
4	During the year Company has implemented the Accounting Standard (AS-22) "Accounting for taxation on
	Income" issued by the Chartered Accountants of India, in accordance with this standard of amount of
	Rs. 27.97 Lacs representing the cumulative net deferred tax liability as on 31.03.2001 has been adjusted
	General Reserve as on 1st April 2001 and an amount of Rs. 2.69 Lacshas been provided as net deferred
	tax liability for the year.
5	In order to conserve resources for modification, your directors do not recommended payment of dividend in
	this year.
6	The above results were taken on record by the Board of Directors at the meeting held on 27th June, 2002.

	By order of the Board


	Place : Mumbai						ABHAY B. DOSHI
	Date : 27th June, 2002						Managing Director