Audited Financial Result
Un Audited Financial Result
 
 
 
 
  31.03.2010
Share Holding Details
Accounting Policies
Code Of Conduct
Fair Practices Code
 Un-Audited Financial Results


UNAUDITED FINANCIAL RESULTS (PROVISIONAL) OF QUARTER ENDED 30th JUNE, 2010
(Rs. in Lacs)
S.no.
Particulars
Quarter ended
30.06.2010
Quarter ended
30.06.2009
Year Ended
31.03.2009
   
(Unaudited)
(Unaudited)
(Audited)
1
Net Sales / Income from Operations
294.64
328.11
1444.32
2
Expenditure
     
 
a. Employees cost
57.78
59.59
183.07
 
b. Depriciation
19.50
23.10
115.46
 
c. Other Expenditure
126.33
119.56
468.46
 
Total
203.61
202.25
766.99
3 Profit from Operations before Other Income, Interest & Exceptional Items (1-2)
91.03
125.86
677.33
4 Other Income
87.56
56.37
157.64
5
Excess Provision for NPAs Written back
0.00
0.00
965.82
6
Profit from Operations before Interest & Exceptional Items (3+4+5)
178.59
182.23
1800.79
7
Interest
1.65
6.25
127.36
8 Profit after Interest but before Exceptional Items (6-7)
176.94
175.98
1673.43
9
Exceptional Items (Amounts written off & Loss on sale of Investments and Fixed Assets)
0.00
0.00
625.50
10 Profit(+)/ Loss (-) from Ordinary Activities before tax (8-9)
176.94
175.98
1047.93
11
Tax Expense
0.00
2.00
314.39
12
Net Profit (+)/Loss (-) from Ordinary Activities after tax (10-11)
176.94
173.98
733.54
13
Extraordinary items
    0.00 
            0.00
3006.11
14
Net Profit (+)/Loss(-) for the period (12+13)
176.94
173.98
3739.65
15
Paid up Equity Share Capital (Face Value Rs10/- )
    1936.36
      1936.36
 1936.36
16
Reserves excluding Revaluation Reserves as per Balance Sheet of Previous Accounting Year.
-
-
2250.64
17
Earnings Per Shares(EPS)
   
a
Basic and Diluted EPS before Extra Ordinary items, for the period & for the year to date and for Previous year (not to be annualised)
0.91
0.90
3.79
b
Basic and Diluted EPS after Extra Ordinary items, for the period & for the year to date and for the Previous year (not to be annualised)
0.91
0.90
19.31
18
Public Shareholdings
     
 
-Number of Shares
7945243
8445869 8536338
 
-Percentage of shareholding
41.03%
43.62% 44.08%
19 Promoters and promoter group Shareholding**      
a) Pledged/Encumbered      
  - Number of Shares
NIL
NIL
NIL
  - Percentage of shares (as a % of the total shareholding of promoter and promoter group)
NIL
NIL
NIL
  - Percentage of shares (as a % of the total share capital of the company)
NIL
NIL
NIL
b) Non-encumbered      
  - Number of Shares
11418352
10917726 10827257
  - Percentage of shares (as a % of the total shareholding of promoter and promoter group)
100%
100%
100%
  - Percentage of shares (as a % of the total share capital of the Company)
58.97%
56.38%
55.92%
Notes:
1.
The above financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 13th August, 2010. The Statutory Auditors of the Company have also carried out the Limited Review.
2.
Provisions for Non Performing Assets required in terms of Non Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998, as amended, will be considered in the above unaudited financial results for the year ended 31st March, 2011.
3.
"AS-17" relating to Segment Reporting issued by the Institute of Chartered Accountants of India, as per perception of the management is not applicable.
4.
In compliance of Accounting Standard "AS 22" on 'Accounting for Taxes on Income' issued by The Institute of Chartered Accountants of India and considering accumulated losses, calculation of deferred /provision for taxation , if any, will be considered in the audited accounts for the year ended 31st March, 2011.
5.
The Auditors' observation on the Audited Accounts for the year ended 31.3.2009 related to :
i)
Provision for diminution in value Long Term Investments.
ii)
Consequential effect on non compliance of RBI's Prudential Norms
6.
Management Comments on the accounts for the year ended 31.03.2009:
 
i) Long Term Investments are consistently valued at cost based on their intrinsic Net Worth.
ii) Inspite of company having positive Net Worth, it could not comply with provisions of RBI's Prudential norms as regards maintenance of Credit Adequecy Ratio(CAR), Credit/Investments, etc.
7.
In terms of Clause 41 of the Listing Agreement, detailed number of complaints for the quarter ended June 30, 2010 begining nil, received 9,disposed off 9, pending nil.
8.
Figures have been regrouped/rearranged wherever considered necessary.
Place: New Delhi
Dated :13th August, 2010

For THE MOTOR & GENERAL FINANCE LTD

(RAJIV GUPTA)
CHAIRMAN & MANAGING DIRECTOR