: : Generating Savings For Generations : :

Home | Profile | Locations | Contact | Sitemap

Products | Applications | Resources | FAQ

Financials

ASIAN ELECTRONICS LIMITED

Regd. Office: D-11, Road No. 28, Wagle Industrial Estate, Thane 400 604.

Website : www.aelgroup.com E-mail: secdept@aelgroup.com

Phone: 91-22-25835504

Audited Financial Results for the year ended 31th March, 2006

(Rs. in Lacs)

Particulars					Year Ended On 31.3.05 (Audited)	Consolidated with ARLPL 31.3.2006 (Unaudited)
Particulars	Nine months Ended 31.12.05 Unaudited	Quarter Ended On 31.3.06 Unaudited	Quarter Ended On 31.3.05 Unaudited	Year Ended On 31.3.06 (Audited)	Year Ended On 31.3.05 (Audited)	Consolidated with ARLPL 31.3.2006 (Unaudited)
Sales / Income from Operations (net of excise duty)	9925	5730	3452	15655	10294	17724
Other Income	290	418	223	709	571	505
Total Revenue	10215	6148	3675	16364	10865	18229
Expenditure
a) (Increase)/ Decrease in Stock in Trade	(1040)	(206)	(310)	(1,246)	(617)	(1,514)
b) Consumption of Raw Materials	5433	3496	1995	8929	4653	10345
c) Personnel Cost	474	169	167	643	557	794
d) Lease Rentals and Maintenance	1369	394	476	1763	1884	1763
e) Other Expenditure	1191	1209	597	2400	1706	2931
Total Expenditure	7427	5062	2925	12489	8183	14319
Gross Profit	2788	1086	750	3875	2682	3910
Interest	529	251	160	780	627	798
Depreciation	614	226	132	840	772	848
Profit Before Extra Ordinary Item	1645	609	458	2255	1283	2264
Less: Extraordinary item -Premium on revision of interest	-	0	-	-	163	-
Profit Before Tax	1645	609	458	2255	1120	2264
Provision for taxation - Current	138	52	36	190	88	191
- Deferred	257	(735)	(283)	(478)	(45)	(478)
- Fringe BenefitTax	19	9	-	28	-	28
Net Profit	1231	1283	705	2515	1077	2523
(Paid up Equity Share Capital) (Face Value Rs. 10/- Per Share) Reserves excluding revaluation reserves	850	894 -	850 -	894 12,825	850 9603
Earning Per Share of Rs. 10/each (Not annualized) - Basic EPS EPS - Diluted EPS	14.48 14.48	14.90 12.57	8.19	2916 24.28	12.57

Aggregate of Non-Promoter Shareholding
- Number of shares	5107877	5107877	4817877	5107877	4817877
- Percentage of shareholding	60.08%	57.12%	56.66%	57.12%	56.66%
Segment wise Revenue, Results and Capital employed
1. Segment Revenue Manufacturing/Operating lease of Energy Conservation Products.	4519	1691	1518	6210	5284	6210
Manufacture/Sale of Lighting Products	5403	4038	1933	9441	5004	11509
Others	3	1	1	4	6	5
Less: Inter segment revenue Net Sales/Income from operations	9925	5730	3452	15655	10294	17724

2. SegmentResults Manufacturing/Operating lease of Energy Conservation Products	1191	420	420	1611	1457	1611
Manufacture/Sale of Lighting Products	1008	427	206	1435	555	1444
Others	1	(1)	3		2	-
Less:
- Interest	529	251	160	780	627	780
- other unallocable expenditure	24	(14)	11	11	104	11
net of unallocable income.
Profit before tax	1645	609	458	2255	1283	2264

3. Capital Employed as at 31st Dec.,2004 Manufacturing/Operating lease of Energy Conservation Products.	9673	10161	10414	10161	10414
Manufacture/Sale of Lighting Products	10671	16464	8642	16464	8642
Others:	486	493	448	493	448
Unallocated Net assets.	1414	3657	619	3657	619
Total	22244	30775	20123	30775	20123

Unaudited Consolidated Results for the year ended 31th March, 2006 (Rs. in Lacs)

Particulars	Year ended 31.3.2006(Unaudited)	Year ended 31.3.2006(Unaudited)	Consolidated with ARLPL 31.3.2006 (Unaudited)
Sales (including Inter/Intra Segment Sales)	155655	10941	17724
Other Income	796	573	593
Total Revenue	16451	11514	18317
Expenditure
a) (Increase)/Decrease in Stock in Trade	-1246	(617)	(1,514)
b) Consumption of Raw Material	8929	4653	10345
c) Personnel Cost	706	643	857
d) Lease Rentals	1763	1884	1763
e) Other Expenditure	2424	2261	2956
Total Expenditure	12576	8824	14407
Gross Profit	3875	2690	3910
Interest	780	627	798
Depreciation	840	772	848
Profit before Extra Ordinary item	2255	1291	2264
Less : Extraordinary item-Premium on Revision of Interest	-	163	-
Profit before tax	2255	1128	2264
Provision for taxation - Current	190	87	191
Provision for taxation - Deferred	(478)	(45)	(478)
Provision for taxation - FBT	28	28	28
Profit After tax	2515	1086	2523
Less : Add: (Profit)/Loss applicable to Minority Interest Less : Share in loss of an Associate company		-2 -
Profit attributable to Shareholders of Asian Electronics Ltd.	2515	1084	2523
Paid up Equity Share Capital	894	850
(Face Value Rs. 10/- per share)
Reserves excluding revaluation reserves	12827	9603
Earning Per Share of Rs. 10/- each (Rs.)
(Not annualised.) - Basic EPS (Not annualized.)	29.16	12.75
- Diluted EPS	24.28
Aggregate of Non-Promoter shareholding -Number of shares	5107877	4817877
-Percentage of shareholding	57.12	56.66%

Notes:-

1. a) The Scheme of Arrangement for takeover of lighting division of Asian Raymold Lighting Pvt.Ltd. (ARLPL) as a going concern w.e.f.1-4-2005 by
Asian Electronics Limited has been approved by the Board of Directors and the Shareholders of both the Companies subject to all requisite approvals.
As per the scheme , all the assets and all the liabilities of ARLPL shall be taken over by the company w.e.f 1st April , 05 being the appointed date .
On receipt of the requisite approvals 4,00,000 Equity Shares of Rs10/ each will be issued to the Shareholders other than Asian Electronics Ltd
and Asian Raymold Lighting Pvt Ltd will become a 100% Subsidiary of the Company. Presently the sheme has been filed with the Hon'ble High
Court Mumbai for the necessary approval.

b) Pending receipt of requisite approvals of the Scheme the Consolidated Financial Results and Segment wise Revenue and Results have been shown as and by way of additional information.

2. The Company has received Rs.5908.80 Lacs from proceeds of preferential allotment of Equity Shares/Fully Convertible Debentures/Warrants upto 31.3.2006.
Out of the Proceeds, a sum of Rs.2244.00 Lacs have been invested in short term fixed deposits with the Banks. A sum of Rs.824.00 Lacs has been utilised for corporate
investment and acquistion of Fixed Assets and the balance sum of Rs.2840.80 Lacs has been utilised in Current Assets and to reduce Current Liabilities.

3. There were no investor complaints pending at the beginning of the current quarter. 108 Complaints/requests were received during the quarter and were duly attended. .
There were no complaints pending at the end of the quarter

4. The Board has recommended a dividend at 25% on Equity Shares for year ended 31st March, 2006.

5. Employee Stock Options granted and outstanding is 425000 Equity Shares.

6. Previous quarter's/year's figures have been regrouped/rearranged wherever necessary to make them comparable to those of current quarter / year under review.

7. The above Financial Results were reviewed by the Audit Committee and taken on record by the Board of Directors of the Company at its Meeting held on 17th May, 2006.

Place : Mumbai

Date : 17th May, 2006

For Asian Electronics Ltd.

Jinendra Shah

Executive Director

	©2003 Asian Electronics Limited