WHEELS INDIA LIMITED
Regd. Office : 21, Patullos Road, Chennai - 600 002.
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Audited Financial Results
for the year ended 31st March, 2010

                                                                                                                                                               (Rs. In lakhs)
Particulars Year Ended Audited
31.03.2010 31.03.2009
Net Sales/Income from Operations 124138 112802
Other Operating Income 1162 1391
Expenditure  
 a) (Increase)/Decrease in stock in trade and work in progress (1,946) 1226
 b) Consumption of raw materials 90303 80784
 c) Employees cost 11349 8969
 d) Depreciation 3316 3378
 e) Other expenditure 16478 14625
 f) Total 119500 108982
Profit from Operations before Other income , Interest and Exceptional Items 5800 5211
Other Income
Profit before Interest and Exceptional Items 5800 5211
Interest 3777 4677
Profit/(Loss) after Interest but before Exceptional Items 2023 534
Exceptional Items - -
Profit/(Loss) from Ordinary Activities before tax 2023 534
Tax Expense 728 312
Net Profit/(Loss) from Ordinary Activities after tax 1295 222
Extraordinary Items(Previous year -Net of tax expense Rs 515 Lakhs) - 1894
Net Profit/(Loss) for the period 1295 2116
Paid-up Equity share capital(Face Value Rs.10/-) 987 987
Reserves(Revaluation Reserves - NIL) 19050 18272
Earnings per share(EPS)    
Basic and Diluted EPS before Extraordinary Items 13.12
 2.25
Basic and Diluted EPS after Extraordinary Items 13.12
 21.43
*(not annualised)  
  
Public Shareholding    
 -No of Shares 1411196 1411196
 -Percentage of shareholding 14.30 14.30
Promoters and Promoter Group Shareholding    
a)Pledged/ Encumbered    
  Number of Shares NIL NIL
  Percentage of Shares promoter group NA NA
  Percentage of Shares to total share capital NA NA
b)Non Encumbered    
  Number of Shares 8458248 8458248
  Percentage of Shares promoter group 100.00 100.00
  Percentage of Shares to total share capital 85.70 85.70


BALANCE SHEET

Particulars As At
31.03.2010		 As At
31.03.2009
ShareHolders Fund:
a)Capital 987 987
b)Reverse And Surplus 19050 18272
Loan Funds 37402 38195
Foreging Currency Monetary items translation difference 36 -
Deferred Tax Liablities 3872 3145
Total 61347 60599
Fixed Assets 42624 40238
Investments 1107 1527
Foreign Currency Monetary items translation difference - 461
Current Asests, Loans and Advances:
a)Investories 17142 13981
b)Sundry Debtors 19646 16284
c)Cash and Bank Balances 264 94
d)Other Current Assets 4 1
e)Loans and Advances 5483 7242
Sub Total 42539 37602
Less: Current Liabilities and Provisions    
a)Liabilities 24405 18594
b)Provisions 518 635
Sub Total 24923 19229
Net Current Assets 17616 18373
Total 61347 60599



1 The above results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 29.05.2010

2 The Company has exercised the option as per AS 11 (notified) under the Companies(Accounting Standards) Rules, 2006.

3 Tax expenses of Rs 728 lakhs represents deferred tax liability and is net of MAT tax credit entitlement of Rs 344 lakhs.

4 The Company operates in only one segment viz. Automotive Components.

5 Previous year's figures have been regrouped wherever necessary to conform to this year's classification.

6 The Board of Directors have recommended a dividend of Rs 4.50 per share for the year 2009-10

7 Investor's Complaints:

Pending as at the begining and end of the year-NIL
Received and disposed off during the year-4


   Chennai                                                                SRIVATS RAM
   29.05.2010			                		    Managing Director