Quarter Ended 30 September 2011

Our Investors

Quarter Ended 30 September 2011

SOLITAIRE MACHINE TOOLS LIMITED
REGD OFFICE:107,ARUN CHAMBERS,TARDEO ROAD,MUMBAI-400034 
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH SEP 2011
(Rs. in Lakhs)
Particulars 3 months 3 months Year to date for the current period Year to date for the current period Previous
accounting year ended    
ended ended ended ended
30.09.2011 30.09.2011 30.09.2011 30.09.2011 31.03.2011
unaudited unaudited unaudited unaudited Audited
Reviewed Reviewed Reviewed Reviewed
1. (a)Net Sales/ Income from Operations 445.18 231.73 585.00 388.13 1060.94
        Less: Excise duty & Sales Tax 35.17 22.74 46.21 39.46 105.97
410.01 208.99 538.79 348.67 954.97
2.Expenditure
   a. Increase/(Decrease) in stock in -10.35 -2.16 113.22 13.71 -45.51
       trade and work in progress
   b. Consumption of raw materials 218.7 72.33 334.25 134.61 424.07
   c. Purchase of traded goods 2.33 0.00 2.33 0.00 0.00
   d. Employees cost 39.25 21.56 69.46 38.65 102.67
   e. Depreciation 18.82 16.05 37.23 33.31 71.16
   f. Other expenditure 51.22 36.42 90.72 67.61 159.37
   g. Total 340.67 148.52 420.77 260.47 802.78
3. Profit from operation before other
    income,interest and Exceptional items (1-2) 69.34 60.47 118.02 88.20 152.19
4.Other Income 3.06 1.55 6.50 2.81 7.37
5. Profit before interest and Exceptional item(3+4) 72.40 62.02 124.52 91.01 159.56
6.Interest 2.85 5.22 4.72 12.43 20.12
7. Profit after interest but before Exceptional item(5-6) 69.55 56.80 119.80 78.58 139.44
8. Exceptional items 0.00 0.00 0.00 0.00 -2.79
9. Profit (+)/ Loss (-) from Ordinary
  Activities before tax (7+8) 69.55 56.80 119.80 78.58 136.65
10.Tax expense 24.43 18.40 38.43 24.91 54.65
11..Net Profit (+)/ Loss (-) from
  Ordinary Activities after tax (9-10) 45.12 38.40 81.37 53.67 82.00
12.Extraordinary items (net of tax expense Rs.  ) 0.00 0.00 0.00 0.00 4.82
13.Net Profit(+)/ Loss(-) for the period (11-12) 45.12 38.40 81.37 53.67 77.18
14.Paid-up equity share capital 454.21 454.21 454.21 454.21 454.21
   (Face value Rs. 10/- per share)
15.Reserves excluding Revaluation  –  – – – 476.92
    Reserves as per Balance Sheet
16. Earnings Per Share
   a) Basic and diluted EPS before Extraordinary items 0.99 0.84 1.79 1.18 1.81
      for the period, for the year to date and for the
      previous year (not to be annualized)
   b) Basic and diluted EPS after Extraordinary items 0.99 0.69 1.79 1.18 1.70
      for the period, for the year to date and for the
      previous year (not to be annualized)
17. Public shareholding
   – Number of shares 2549267 2558906 2549267 2558906 2554366
  – Percentage of shareholding 56.12 56.34 56.12 56.34 56.24
18. Promoter and Promoter group shareholding.
     (a) Pledged/Encumbered
       – Number of Shares NIL NIL NIL NIL NIL
       – Percentage of shares(as a % of the total NIL NIL NIL NIL NIL
         shareholding of promoter and promoter group)
       – Percentage of shares(as a % of the total NIL NIL NIL NIL NIL
         Share Capital of the company.
     (b) Non-Encumbered
       – Number of Shares 1992909 1983270 1992909 1983270 1987810
       – Percentage of shares(as a % of the total 100.00 100.00 100.00 100.00 100.00
         shareholding of promoter and promoter group)
       – Percentage of shares(as a % of the total 43.88 43.66 43.88 43.66 43.76
         Share Capital of the company.
Notes:1 Statement of Assets and Liabilities (Rs. In Lacs)
Particulars 6 Months ended 30.09.2011 Unaudited 6 Months ended
30.09.2010
Unaudited		 Year Ended 31.03.2011 Audited
SHAREHOLDERS FUNDS :
     a) Capital 454.21 454.21 454.21
     b) Reserve & Surplus 561.30 506.39 476.92
LOAN FUDS : 117.29 198.08 72.72
DEFERRED TAX LIABILITY (NET) 100.86 97.71 102.44
                       TOTAL 1233.66 1256.39 1106.29
FIXED ASSETS (NET) 834.66 857.10 853.11
INVESTMENTS 53.84 64.84 64.84
CURRENT ASSETS, LOANS
AND ADVANCES
      a) Inventories 401.19 357.60 270.00
      b) Sundry Debtors 167.80 134.36 73.29
      c) Cash & Bank Balance 157.11 49.35 212.80
      d) Loans & Advances 201.33 162.97 134.58
928.03 704.27 690.67
Less : Current Liabilities & Provision
    a) Liabilities 461.35 249.71 364.84
    b) Provisions 121.52 120.12 137.49
NET CURRENT ASSETS 354.16 334.45 188.34
              TOTAL 1233.66 1256.39 1106.29
Note :
1. The above results were reviewed by the Audit Committee and taken on record by Board of Directors at their meeting held on 31.10.2011
2. There were no complaints pending at the beginning of the Quarter and no complaints were received during the Quarter. There are no complaints pending at the end of Quarter.
3. The quarterly results for the Quarter ended on 30.09.2011 have been reviewed by the Auditors
4. Segment reporting as defined in Accounting Standard 17 is not applicable.
By order of the Board of Directors
Place : Vadodara For Solitaire Machine Tools Ltd.
Date : October 31, 2011                      sd/-
                  Ashok  J. Sheth