FINANCIALS
FY: 2002-03
FINE - LINE CIRCUITS LIMITED
REGD. OFFICE : 145 SDF - V, SEEPZ, ANDHERI (EAST), MUMBAI - 400 096.
   
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2003
 
    (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)     31.12.2002   31.03.2003 31.03.2002   31.03.2003 31.03.2002
1 Net Sales / Income from Operation                        
2 Exports 298.17 99% 385.68 99% 683.85 991.83 97% 325.28 248.14 102% 1317.11 1133.38
3 Domestic           16.57 2% 4.28 0.04 0% 20.85 21.86
4 Other Income 1.90 1% 4.94 1% 6.84 9.14 1% 0.46 -3.72 -2% 9.60 5.19
5 Total Revenue 300.07 100% 390.62 100% 690.69 1017.54 100% 330.02 244.46 100% 1347.56 1160.43
6 Total Expenditure                        
   (a)   (Increase)/Decrease in Stock-in-trade 28.61 10% 13.78 4% 42.39 32.47 3% 0.14 -34.10 -14% 32.61 -6.81
   (b)    Consumption of Raw Material 127.54 43% 129.93 33% 257.47 393.58 39% 151.13 149.06 61% 544.71 465.32
   (c)    Staff Cost 31.40 10% 36.12 9% 67.52 98.35 10% 42.74 13.85 6% 141.09 117.23
   (d)    Other Expenditure  :                        
       (i)    Purchase of Traded Goods 0.00 0% 0.00 0% 0.00 0.00 0% 0.00 4.96 2% 0.00 4.96
       (ii)   Others 82.28 27% 163.80 42% 246.08 357.62 35% 98.74 69.25 28% 456.36 385.71
    269.83 90% 343.63 88% 613.46 882.02 87% 292.75 203.02 83% 1174.77 966.41
7 Profit before Depreciation, Interest  and Tax 30.24 170% 46.99 172% 77.23 135.52 13% 37.27 41.44 17% 172.79 194.02
8 Interest 0   0.00   0.00 0.00 0% 0.17 1.29 1% 0.17 1.29
9 Depreciation 27.00 288% 30.59 302% 57.59 102.49 10% 15.67 75.77 31% 118.16 186.26
10 Profit before Tax 3.24 575% 16.40 605% 19.64 33.03 3% 21.43 -35.62 -15% 54.46 6.47
11 Provision for Taxation :  Current 0   10.63   10.63 21.41 2% 8.59 3.15 1% 30.00 0.46
                                     Deferred 0   6.31   6.31 -10.74 -1% -6.09 0.00 0% -16.83 2.69
12 Profit after Tax 3.24 1033% -0.54 1079% 2.70 22.36 2% 18.93 -38.77 -16% 41.29 3.32
  Excess/ (Short) provision for tax of earlier years -2.00 1896% -2.00 1986% -4.00 10.26 1%   1.70 1% -10.26 1.70
13 Profit for the period 5.24 3792% 1.46 3973% -1.30 12.10 1% 18.93 -37.07 -15% 31.03 5.02
                           
14 Paid-up Equity Share Capital            539.26   539.26 539.26   539.26 539.26
  (Face Value Rs.10)                        
15 Reserve Excluding Revaluation Reserve           -   - -   270.43 239.40
16 Earnings Per Share  (Re.)                        
  Basic & diluted earning per share (Not Annualised)           0.41   0.35 -0.72   0.77 0.06
  Aggregate of Non Promoter Shareholding                        
     -  No of Shares           3551200   3575900 3613700   3575900 3613700
     -  Percentage of Shareholding           65.85%   66.31% 67.01%   66.31% 67.01%
                           
1 The company has business in only one segment  ( i.e. Printed Circuit Boards )      
2 The Company is progressively upgrading the plant to improve net worth and profitability accordingly the obsolete
  machine have been discarded and the loss wherever incurred has been charged to profit & loss account
3 The  above  results  were reviewed by the Audit Committee and taken  on  record  at  the  meeting  of  the   
  Board of Directors of the Company held on  26th June, 2003  
   
  By order of the Board
   
   
  Place   :  Mumbai ABHAY  B.  DOSHI
  Date     :  26th June, 2003                     Managing Director