NITIN SPINNERS LIMITED

Regd.Office: 16-17Km. Stone, Chittor Road, Hamirgarh,Bhilwara- 311 025 (Rajasthan)CIN L17111RJ1992PLC006987
Tel. : +91 1482286110; Fax: 91 1482286117.Website: www.nitinspinners.comE-Mail-nsl@nitinspinners.com
UN-AUDITED
FINANCIAL
RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER,
2014
::ir.
No.

Particulars

r--

1. (a) NetSales/Incomefrom Operations

(b) Other OperatingIncome
Total Income from operations (Net)
2 Expenses
a. Cost of materials consumed

b. Purchaseof Traded Goods

c. Changesin inventoriesof FinishedGoods,WIP & Stock in Trade
d. Employeesbenefitexpenses
e. Power& Fuel
f. Depreciationand amortisationexpenses
g. Other Expenses
h. Total Expenses
3 Profit from operations before Other Income, Finance Cost and
Exceptional items (1-2)
4 Other Income/(Loss)
5 Profit before Finance Cost and Exceptional items (3+4)
6 Finance Cost
7 Profit after Finance Cost but before Exceptional items (5-6)
8 Exceptionalitems
9 Profit from Ordinary Activities before Tax (7-8)
10 Tax Expenses - CurrentTax
- DeferredTax Charge/(Credit)
11 Profit/CLoss) from Ordinary Activities after Tax (9-10)
12 ExtraordinaryItem
13 Net Profit for the period (11-12)
14 Paid-up Equity Share Capital(FaceValue of Rs. 10/-each)
15 ReservesexcludingRevaluationReserve
16 (a) Basic & diluted EPS not annualised(beforeextraordinaryitems)
(b) Basic& diluted EPS not annualised(after extraordinaryitems)
17 Public Shareholding
- Numberof Shares
- Percentageof Shareholding
18 Promoters & Promoter Group Shareholding
a) Pledged/Encumbered - Numberof Shares
% of Sharesto total Shareholdingof Promoters& PromotersGroup
% of Sharesto total Sharecapitalof the Company
b) Non Encumbered- Numberof Shares
% of Sharesto total Shareholdingof Promoters& PromotersGroup
% of Sharesto total Share capitalof the Company

Quarter ended
30.09.2014
30.06.2014
13571.06
13.75
13584.81
9144.32
-

30.09.2013
Unaudited
13263.66
11966.62
10.96
6.88
13270.54
11977.58

26834.72
20.63
26855.35

23669.53
17.01
23686.54

(Rs. in Lacs)
Year Ended
31.03.2014
Audited
48834.02
34.76
48868.78

Half Year ended

30.09.2014
30.09.2013

(594.28)
753.87
1154.73
628.50
1041.44
12128.58

7658.54
173.96
489.14
692.29
1054.07
628.35
957.62
11653.97

7034.51
275.98
(224.16)
599.36
896.95
610.80
900.46
10093.90

16802.86
173.96
(105.14)
1446.16
2208.80
1256.85
1999.06
23782.55

13951.54
487.64
(282.80)
1195.68
1718.26
1212.95
1804.56
20087.83

29354.21
1023.60
(592.13)
2460.21
3495.81
2486.58
3689.54
41917.82

1456.23

1616.57

1883.68

3072.80

3598.71

6950.96

71.57
1527.80
455.19
1072.61

76.70
1693.27
496.16
1197.11

(3.30)
1880.38
465.53
1414.85

148.27
3221.07
951.35
2269.72

(3.30)
3595.41
973.49
2621.92

(9.14)
6941.82
1746.35
5195.47

1072.61

1197.11

133.95
938.66

320.46
876.65

1414.85
97.27
411.78
905.80

2269.72
454.41
1815.31

2621.92
119.92
790.21
1711.79

5195.47
262.36
1455.04
3478.07
3478.07
4583.39
8572.20
7.59
7.59

938.66
4583.39

876.65
4583.39

905.80
4583.39

1815.31
4583.39

1711.79
4583.39

2.05
2.05

1.91
1.91

1.98
1.98

3.96
3.96

3.73
3.73

16600118
36.22

16600118
36.22

29233827
100.00
63.78

29233827
100.00
63.78

16738940
36.52

29095005
100.00
63.48

16600118
36.22

16738940
36.52

29233827
100.00
63.78

29095005
100.00
63.48

16617184
36.26

29216761
100.00
63.74

STATEMENT

OF ASSETS
PARTICULARS

& LIABILITIES

AS AT 30TH SEPTEMBER,

2014

(Rs. in Lacs)
As at
30.09.2014 I 31.03.2014

EQUITY AND LIABILITIES

1 SHAREHOLDERS'FUNDS:
(a) Share Capital
(b) Reserve and Surplus

4583.39
8572.20
13155.59

24628.56

13070.59

2569.08
281.60

2114.67

27479.24

15420.86

394.43

1342.35

NON-CURRENT LIABILITIES
(a) Long - Term Borrowings
(b) Deferred Tax Liabilities (Net)
(c) Long-Term Provisions

4583.39
10387.51
14970.90

235.60

CURRENT LIABILITIES
(a) Short - Term Borrowings
(b) Trade Payables

1212.86

1069.93

(c) Other Current Liabilities

4039.22

3892.57

139.92

517.17

5786.43

6822.02

48236.57

35398.47

(a) Fixed Assets

17189.63

19121.43

(b) Capital Work in Progress

16475.53

2117.64

4471.12
38136.28

2997.65
24236.72

(a) Inventories

3602.10

7069.84

(b) Trade Receivables

4135.29

2489.31

(d) Short Term Provisions

TOTAL - EQUITY AND LIABILITIES
B

ASSETS
1 NON-CURRENT ASSETS

(c) Long - Term Loans & Advances

2

CURRENT ASSETS

(c) Cash and Cash Equivalents

(d) Short Term Loans and Advances
(e) Other Current Assets
TOTAL - ASSETS

38.79

6.37

588.21

469.15

1735.90

1127.08

10100.29

11161.75

48236.57

35398.47

Notes:1 The expansion project of Spinning & Knitting facilities is under implementation as per schedule and trial run has been commenced.
2 The Provision of Current Tax is net of MAT credit entitlement.
3 No investors' complaint was pending at the beginning & end of the Quarter and no complaint was received during the Quarter.
4 The company's business activities falls within a single business segment (Textiles), in terms of Accounting Standard - 17 of ICAI.
5 The figures of previous year/quarter have been regrouped/rearranged, wherever required.
6

The above financial results have been approved

by the Audit Committee and Board of Directors at their meeting held on 30th October, 2014.
For and on behalf of Board of Directors

For
Date:

30.10.2014

Place:

Bhilwara

(R.L.

Nolkha)

Chairman & Managing Director

R S Dani & Co.

CHARTEREDACCOUNTANTS

Kothari Complex, Near G. P.O., BHILWARA- 311'001

Ph. 512100, 231500(0),513100{R)

Review Report
Review Report
"We

have

of MIs. Nitin Spinners L~ited,

reviewed

the

Financial Results of MIs

accompanying
.

statement

of

un-audited

Nitin Spinners Limited, Bhilwara for

the period ended 30th September, 2014 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. This statement is the
responsibili ty of the Company's Management and has been approved
by the Board of Directors.
Our responsibility
is to issue a
report on these financial statements based on our review.
We conducted our review in accordance with the Standard on Review
Engagement (SRE) 2400, Engagemen~ to Review Financia~ S~a~ements
issued by the Institute of Chartered Accountants
of India. This
standard requires that we plan and perform the review to obtain
moderate assurance
as to whether the financial
statements are
free of material misstatement. A review is limited primarily to
inquiries of company personnel and analytical procedures applied
to financial data and thus provides less assurance than an audit.
We have not performed an audit and accordingly, we do not express
an audit opinion.

Based on our review conducted as above, nothing has come to our

attention that causes us to believe that the accompanying
statement of un-audited financial results prepared in accordance
with applicable Accounting Standards and other recognized
accounting practices and policies has
not
disclosed the
information required to be disclosed in terms of Clause 41 of the
Listing Agreement including the manner in which it is to be
disclosed, or that it contains any material misstatement".
For:

Place:
Date:

--

R.

Bhilwara
30.10.2014

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