UARD INDUSTRIES LIMITED

Registered Office: 33/2905 F, Vennala High School Road, Vennala P.O., Kochi - 682 028, Kerala, India Tel: +91 484 3005000, 2005000 Fax: +91 484 3005100 Email: mail@vguard.in

-------

www.vguard.in

.~

STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31.03.2013 (f in Lakhsl PART
I

SI.
No.

Particulars Income from operations (a) Net sales/income from operations (Net of excise duty) (b) Other operating income Total income from operations (net) Expenses (a) Cost of materials consumed (b) Purchases of stock-ill-trade (e) Changes in inventories of finished goods, work-in-progress and stock-ill-trade
(d) Employee benefits expense

For the three months ended 31.03.2013 31.l2.2012 31.03.2012 (Audited) (Unaudited) (Unaudited) see note 4 below) 37,142.92 728.74 37,871.66 10,437.62 20,813.28 (2,681.35) 1,824.29 3,229.39 287.58 2,253.57 36,164.38 1,707.28 51.79 1,759.07 (626.00) 1,133.07 34,810.52 93.70 34,904.22 11,073.14 18,525.01 (3,733.84) 1,824.92 2,382.33 286.57 2,261.58 32,619.71 2,284.51 146.45 2,430.96 (494.15) 1,936.81 27,235.55 102.38 27,337.93 7,071.17 13,388.47 (868.38) 1,624.40 1,168.35 267.17 1,650.56 24,301.74 3,036.19 85.01 3,121.20 (437.51) 2,683.69

For the vear ended 31.03.2013 (Audited) 134,856.54 1,164.91 136,021.45 41,324.39 68,408.28 (8,448.72) 7,010.14 8,688.83 1,141.12 8,044.99 126,169.03 9,852.42 362.21 10,214.63 (1,997.06) 8,217.57

For the Year ended 31.03.2012 (Audited) 95,756.31 706.70 96,463.01 28,737.65 42,711.25 (1,257.97) 5,179.35 5,550.73 969.36 6,188.21 88,078.58 8,384.43 235.22 8,619.65 (1,702.53) 6,917.12

3 4 5 6 7 8 9 10 II 12 13 14

(e) Selling and Distribution expense (f) Depreciation and amortisation expense (g) Other expenses Total Expenses Profit / (Loss) from operations before Other Income, Finance Cost and Exceptional Items (1-2) Other Income Profit / (Loss) from ordinary activities before finance costs and exceotional items (3 + 4) Finance costs Profit I (Loss) from ordinary activities after finance costs but before exceptional items (5 + 6) Exceptional items Profit 1 (Loss) from ordinary activities before tax (7 + 8) Tax expense Net Profit! (Loss) for the period 1 year (9+10) Paid-up equity share capital (Face value of ~ 101 each) Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year Earoiogs per sbare (EPS) (of f 10/- each) (oot annualised) (a) Basic (b) Diluted See accomoanvinz notes to the financial results

1,133.07 (239.29) 893.78 2,984.75

1,936.81 (401.60) 1,535.21 2,984.75

2,683.69 (766.93) 1,916.76 2,984.75

8,217.57 (1,926.06) 6,291.51 2,984.75 23,148.31

6,917.12 (1,837.Q2) 5,080.10 2,984.75 18,079.00

2.99 2.99

5.14 5.14

6.42 6.42

21.08 21.08

17.02 17.02

PART
II

SELECT INFORMATION Particulars PARTICULARS OF SHAREHOLDING Public shareholding - Number of shares - Percentage of shareholding Promoters and Promoter Group Shareholding: a) Pledged/Encumbered: - Number of shares - Percentage of shares (as a % of the total of share holding of promoter and promoter group) - Percentage of shares (as a % of the total share capital of the company) b) Non-encumbered: - Number of shares - Percentage of shares (as a % of the total of shareholding of promoter and promoter group) - Percentage of shares (as a % of the total share capital of the comoanv) Particulars

FOR THE QUARTER AND YEAR ENDED MARCH 31, 2013 For the three months ended 3J.J2.2012 31.03.2.012 For the vear eoded 31.03.2013 For the Year eoded 31.03.2012

SI. No. A I

31.03.2013

10,359,373 34.71%

10,383,029 34.79%

9,736,876 32.62%

10,359,373 34.71%

9,736,876 32.62%

19,488,147 100% 65.29%

19,464,491 100% 65.21%

20,110,644 100% 67.38%

19,488,147 100%
65.29%

20,110,644 100% 67.38%

3 months eoded 31.03.2013 0 4 4 0

INVESTOR COMPLAINTS Pending at the beginning of the quarter Received during the quarter Disposed of during the quarter Remaining unresolved at the end of the Quarter

--",,~.r. ~~U~OI.!0.'. -..

lilARD INDUSTRIES LIMITED

.rered Office: 33/2905 F, Vennala High School Road, .nala P.O., Kochi - 682 028, Kerala, India

fax:

el : +91 4843005000,2005000 +91 4843005100 Email: mail@vguard.in

SEGMENT WISE REVENUE. RESULTS AND CAPITAL EMPLOYED

------www.vguard.in
till Lflkhs

.~

SI.
No. Net Seumcnt (b) Electrical! Revenue

Particulars
h '" nul.,

(Audited) J hl'l

(Unaudited)
",\

(Unaudited)

(Audited)

(.",udilcd)

(a) Electronics Electro-mechanical

12.712.2< 24.125.94 1,0:\:\.44

IO..144.Xfi 23,41(6,79
1072.57

(),IX2.07

45.lJ35.02
X6,K.1K.62 .\247.KI

17.315.911
XW.XX

(e) Others.
Total

:n,K71.66
Irurn (lntrations

34.904.22
3~.90~.22

27 ..U7.93 27.337.93

1.16.021.45 13(',l12IA5

.1,().666.4X 62.75K.47 J.O.'X.06 96.463.01 l)(,A63.t11

Less: inter Segment Revenue

Income Seumcnr (Profit

37.1'171.66

Re.mlts before lax & interest from each segment)

(a) Electronics (b) Electrical! (e) Others Total (Add) Electro-mechanical

Less:

(i) Interest (ii) Other en-allocable items expense income net of'un-allocable (iii) Exceptional

1,191.79 61X.51 7.61< I.K02.62 626.00 4.'\.55 1.133.117

X60.04 1,462.21 Ilo.6K 2.444.9.1494.15 13.97

1.93r.J!I

1.577.53 1,47."U3 .1-4.6X .1-.0X5.54 4.17.51

(.15.66)

5,:'5."\.1'1 4,\).~6.94 1.1-5.:'14 JO.426.{}I) 1.1}l)7.06 211.46 X,~17.s7

4,X41 ..12 .\XOK.72 171\..16 K,K2X.40 l.i02.5.1 20X.75 6.,)17.1.:!

Profit

Before

Tax Liabilities)

Cunltal Emnloved (Segment Assets - Segment (a) Electronics (b) Electrical (c) Others d Unallocated Total

I Electro-mechanical

I2.K6.'\.5 1 .'\0.261.20 3,309.30 20300.95

26.133.Ur. (tin

9,.1-14.44 27,750.U 2.957.50 U 560.61

2(,.~('IA6 Lakhs As at

6.X06.41' 2~.9D.56 2.0'J7.91 II 754.20 21,11(,3.75

12.1\(,.1.51 .10.261.20 3,301)..10 2{)..~OO.1)5 2(\.1 33.0r.

6.X06.4X 2.1.9D.56 2.097.9J 11.754.20 21.0(\).7:'\

SI. No

.
EQUITY AND LIABILITIES FUNDS and surplus capital SHAREHOLDERS' (a) Share (b) Reserves Nun-current (b) Deferred (c) (d) Long-term Current liahilities borrowings liahilitics borrowings tax liabilities provisions

STATEMENT OF ASSETS AND LIABILITIES

'A~ at Particulars

31.113.21113
(Audiletl)

31.113.21112
(Aurlitcd}

A
I

Sub-total (a) Long-term

- Shnrehohterx'

Funrls

2,9X4.75 23 14X..~1 26. 133Jl6 3,204.17 790.07

1.057.71

2.9K4.75 IX 079.0() 21.063.75 1,972.42 426.30 9()(dK .1-07.0.13612.1.1X,520.7tJ 9,620.16 1.951.69 92.D9.75 22.2.1-2.."\9 ~r.,9nH.27

(net)

Other long-term

liabilities Sub-total - Non-current liabiltties

.1-40.XI 5392.76 12,5.W.14 16,21).1-.4K \OOX.19 2.119.69 .1-.1960.50 ('SAXr..32

(a) Short-term

(b) Trade payabtes (c) Other current liabilities. (d) Short-term provisions Sun-total - Current Iiahilities

TOTAL E
B I

UITY

AND

LIABILITIES

ASSETS
Non-current (a) Fixed (c) Other Current :IsseI,; assets assets loans and advances assets Sub-tot (a) Inventories (b) Trade receivables (c) Cash and cash equivalents (d) Short-term (e) Other loans and advances Suh-totul - Current usscrx current assets 1- Nun-current assets non current 14.696.91 1.17X.47 1l.l,1

(b) Long-term

15 XX6.51 24,X57.22 19.X79.K6 1,496.67 3,361.9.1 4.1J 49 599.K I

65.~Hr..32

13,412.91 479.3\ 0.40 13 X92.62 15,742.09 14.7X1.90 _U6.54

2.151.7< ,1 ..~4 ."n.OI5.G5 ~r..9I1H.27

TOTAL ASSETS
Notes :The above

1
2
.1-

audited

financial

results

for the year ended

Marcb

Directors and taken on record at the meeting held on May Net sales/income from operations is after reducing certain for earlier periods have been regrouped accordingly . The Board of Directors have recommended a dividend Meeting The figures figures Figures of the last quarter periods are the balancing figures

Jt , 201,\ 15, 201.'\. other

were

reviewed

by the Audit which

Committee in earlier

at the meeting years

held on May under

15.201,\

ami approved

by the Board

of

discounts/trade

incentives.

were grouped

Selling

and Distribution

Expenses. Annual year-

The figures General to-elate

flR5

per share audited

(35%)

for the year ended in respect

March

.11.201 .1 subject

to approval
.1-

of the members

in the ensuing published

between

figures

of the full financial year which 10 conform

year upto March

1. 201 J and the unaudited

upto December for the previous

.11,2012.

being the date of the end of the third quarter of the financial have been regrouped and I or reclassified wherever necessary

were subject to limited review with the current period I year presenranon

Place: Date:

Koehl J 5.115.21113

S.R. BATLIBOI
Chartered Accountants

s ASSOCIATES

LLP

9th Floor, "ABAD Nucleus" NH-49, Maradu PO Kochi-682 304, India Tel: +91 4843044000 Fax: +91 4842705393

Auditor's Report On Quarterly Financial Results and Year to Date Results ofthe Company Pursuant to the Clause 41 of the Listing Agreement To Board of Directors of V-Guard Industries Limited
1. We have audited the quarterly financial results of V-Guard Industries Limited ('the Company') for the quarter ended March 31, 2013 and the financial results for the year ended March 31, 2013, attached herewith, being submitted by the Company pursuant to the requirement of Clause 41 of the Listing Agreement, except for the disclosures regarding 'Public Shareholding' and 'Promoter and Promoter Group Shareholding' which have been traced from disclosures made by the management and have not been audited by us. The quarterly financial results are the derived figures between the audited figures in respect of the year ended March 31, 2013 and the published year-to-date figures up to December 31, 2012, being the date of the end of the third quarter of the current financial year, which were subject to limited review. The financial results for the quarter ended March 31, 2013 have been prepared on the basis of the financial results for the nine-month period ended December 31, 2012, the audited annual financial statements as at and for the year ended March 31, 2013, and the relevant requirements of Clause 41 of the Listing Agreement and are the responsibility of the Company's management and have been approved by the Board of Directors of the Company. Our responsibility is to express an opinion on these financial results based on our review of the financial results for the nine-month period ended December 31, 2012 which was prepared in accordance with the recognition and measurement principles laid down in Accounting Standard (AS) 25, Interim Financial Reporting, issued pursuant to the Companies (Accounting Standards) Rules, 2006, (as amended) as per Section 211(3C) of the Companies Act, 1956 and other accounting principles generally accepted in India; our audit of the annual financial statements as at and for the year ended March 31, 2013; and the relevant requirements of Clause 41 of the Listing Agreement.

..

2.

We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion. In our opinion and to the best of our information and according to the explanations these quarterly financial results as well as the year to date results: i.
11.

3.

given to us

are presented in accordance with the requirements of clause 41 of the Listing Agreement in this regard;' and give a true and fair view of the net profit and other financial information for the quarter ended March 31, 2013 and for the year ended March 31, 2013.

S.R. Batliboi

&

Associates (a partnership firm) converted into S.R. Batliboi & Associates LLP (a Limited Liability Partnership) Regd. Office: 22. Camac Street. Block 'C'. 3rd Floor, Kolkata-700 016

S.R. BATLIBOI
Chartered Accountants

& ASSOCIATES

LLP

4.

Further, read with paragraph 1 above, we report that the figures for the quarter ended March 31, 2013 represent the derived figures between the audited figures in respect of the financial year ended March 31, 2013 and the published year-to-date figures up to December 31, 2012, being the date of the end of the third quarter of the current financial year, which were subjected to a limited review as stated in paragraph 1 above, as required under Clause 41 (1)(d) of the Listing Agreement. Further, read with paragraph 1 above, we also report that we have, on the basis of the books of account and other records and information and explanations given to us by the management, also verified the number of shares as well as percentage of shareholdings in respect of aggregate amount of public shareholdings, as furnished by the Company in terms of clause 35 of the Listing Agreement and found the same to be correct.

5.

!,.R,

P~ui

'\It:

A-n0lA'...J ~

LLf'
LLP

~~.:;~~
per Aditya Vikram Bhauwala Partner Membership No.: 208382 Kochi May 15,2013

For S.R. BATLIBOI & ASSOCIATES Chartered Accountants Firm registration number: 101 049W