SATIN CREDITCARE NETWORK LIMITED
Regd Office : 306, Lusa Tower, Azadpur Commercial Complex, Delhi - 110033.
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER 2011
Regd Office : 306, Lusa Tower, Azadpur Commercial Complex, Delhi - 110033.
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER 2011
.
Particulars
For the Quarter ended 30.09.2011 Unaudited Rs./Lacs
For the Quarter ended 30.09.2010 Unaudited Rs./Lacs
For the half Year ended 30.09.2011 Unaudited Rs./Lacs
For the half Year ended 30.09.2010 Unaudited Rs./Lacs
For the Year ended 31.03.2011 Audited Rs./Lacs
Income from Financing Operations
1282.81
1535.22
2780.75
2801.15
5861.77
Other Income / (Loss)
2.65
0.04
2.81
0.16
0.19
Total Income from operations
1285.46
1535.26
2783.56
2801.31
5861.96
Expenditure
Cost of Borrowing
574.97
739.22
1242.01
1350.86
2832.00
Personnel Cost
421.23
338.46
846.72
630.69
1491.51
Direct Operational Expenses
36.77
114.15
145.81
204.45
378.05
Legal & Professional Charges
26.69
24.10
72.40
47.40
70.45
Administrative & Other Expenses
187.68
193.67
361.14
326.37
680.87
Gross Profit (Before Depreciation & Tax)
38.12
125.66
115.48
241.54
409.08
Depreciation & Misc. Expenditure
16.67
16.80
32.93
30.81
70.32
Profit Before Tax
21.45
108.86
82.55
210.73
338.76
Provision for Taxation (including Deferred Tax)
6.53
37.00
26.28
71.74
113.43
Profit after Tax
14.92
71.86
56.27
138.99
225.33
Paid up Equity Share Capital (Face value of each share Rs.10/-)
1779.68
1158.80
1779.68
1158.80
1779.68
Reserve excluding Revaluation Reserves
6,087.63
Basic EPS (Rs.)
0.09
0.62
0.32
1.23
1.77
Diluted EPS (Rs.)
0.08
0.52
0.31
1.10
1.71
Aggregate of non promoters shareholding
- No. of shares
11,022,938
5,592,937
11,022,938
5,592,937
10,872,938
- % of shareholding
59.91%
46.26%
59.91%
46.26%
59.58%
Promoters and Promoter group shareholding
-Pledged / Encumbered
- Number of shares
Nil
Nil
Nil
Nil
Nil
-Percentage of shares (as a % of the total shareholding of Promoter and Promoter Group)
Nil
Nil
Nil
Nil
Nil
-Percentage of shares (as a % of the total share capital of the Company)
Nil
Nil
Nil
Nil
Nil
- Non -encumbered
- Number of shares
7,375,389
6,496,601
7,375,389
6,496,601
7375,389
-Percentage of shares (as a % of the total shareholding of 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)
40.09%
53.74%
40.09%
53.74%
40.42%
Disclosure of Assets & Liabilities as per clause 41 (I) (ea) of the Listing Agreement for the half year ended 30th September 2011
STATEMENT OF ASSETS AND LIABILITIES AS AT 30TH SEPTEMBER 2011
STATEMENT OF ASSETS AND LIABILITIES AS AT 30TH SEPTEMBER 2011
.
Particulars
As at 30.09.2011 Unaudited Rs./Lacs
As at 30.09.2010 Unaudited Rs./Lacs
As at 31.03.2011 Audited Rs./Lacs
(1) SHAREHOLDERS FUNDS
(a) Share Capital
1779.68
1158.80
1779.68
(b) Share Application Money
-
531.58
-
(c) Reserve & Surplus
6142.31
1671.34
6087.63
(2) LOAN FUNDS
(a) Secured Loans
14,169.31
22,455.38
19,384.14
(b) Unsecured Loans
147.20
15.31
1353.10
TOTAL
22,238.50
25,832.41
28,604.55
(3) FIXED ASSETS
453.17
466.11
480.40
(4) CAPITAL WORK IN PROGRESS
367.97
301.07
334.34
(5) INVESTMENTS
68.51
68.51
68.51
(6) CURRENT ASSETS, LOAN AND ADVANCES
(a) Future receivables under finance contracts
12,709.90
15,647.81
17,975.04
(b) Installment in Arrears
239.47
187.44
236.65
(c) Cash and Bank balance
8156.94
10014.05
9978.24
(d) Interest accrued but not due on deposits
249.86
163.58
219.16
(e) Loans and Advances
1202.49
135.36
200.63
Less :- Current Liabilities & Provisions
(a) Current Liabilities
1092.58
1057.75
690.79
(b) Provisions
171.63
130.25
245.74
NET CURRENT ASSETS
21,294.45
24,960.24
27,673.19
(7) DEFERRED TAX ASSETS
54.40
36.48
48.11
TOTAL
22,238.50
25,832.41
28,604.55
Notes :
(1)
The above results alongwith Limited Review Report were placed and approved at the meeting of the Board of Directors held on 9th November, 2011 after they were approved by the Audit committee.
(2)
The Company's operations fall under single segment i.e. Microfinance operations and hence segment reporting as defined in Accounting Standard - 17 is not applicable.
(3)
During the quarter, the Company did not receive any complaint from the investors. No complaints were pending either at the beginning or at the end of the quarter.
(4)
Previous year/periods figures have been regrouped/rearranged to make them comparable to current year/period figures.
By order of the Board of Directors
For Satin Creditcare Network Limited
For Satin Creditcare Network Limited
Place: Delhi
Dated: 09.11.2011
Dated: 09.11.2011
H P Singh
Chairman Cum Managing Director
Chairman Cum Managing Director