Performance -
Financials
| Archive |
First Quarter
Results 2006 - 2007
| |
Particulars |
THREE
MONTHS ENDED |
YEAR
ENDED
31.03.2006 |
30.06.2006
|
30.06.2005
|
1. |
Net Sales / Income from
Operations (Note 1)
|
|
|
|
| |
Sales |
7,388.08
|
5,111.75
|
27,652.44 |
|
Conversion
charges |
4,130.35
|
4,300.75
|
15,452.54 |
|
Sales
and conversion charges (Gross) |
11,518.43
|
9,412.50
|
43,104.98 |
|
Less
: Excise duty on Sales |
520.35
|
446.42
|
2,508.94 |
|
Sales
and Conversion charges (Net) |
10,998.08
|
8,966.08
|
40,596.04 |
2. |
Other
Income |
171.62
|
186.35
|
943.68 |
|
Total
Income |
11,169.70
|
9,152.43
|
41,539.72 |
3. |
Total
Expenditure : |
|
|
|
(a) |
(Increase)/Decrease
in Stock in-trade |
(697.29)
|
(557.13)
|
(181.85) |
(b) |
Consumption
of Raw Materials |
3,960.93
|
3,578.87
|
14,644.03 |
| (c) |
Purchase of Finished Goods
|
2,067.53
|
-
|
3,217.36 |
(d) |
Staff
Cost |
1,364.39
|
1,274.95
|
5,120.55 |
(e) |
Stores
& Consumables |
537.79
|
624.56
|
2,246.15 |
(f) |
Power,Fuel
etc. |
1,126.41
|
1,080.57
|
4,202.56 |
(g) |
Other
Expenditure (Includes Freight. & Handling, Repair
& Maintenance etc.) |
1,181.27
|
1,156.64
|
4,899.85
|
4. |
Profit
Before Depreciation, Interest & Tax(1+2-3) |
1,628.67
|
1,993.97
|
7,391.07 |
5. |
Interest |
355.95
|
364.09
|
1,469.28 |
| 6. |
Cash
profit (Profit Before Depreciation & Tax)(4-5) |
1,272.72
|
1,629.88
|
5,921.79
|
7. |
Depreciation |
560.08
|
483.35
|
1,971.69 |
8. |
Profit
before Tax |
712.64
|
1,146.53
|
3,950.10 |
9. |
Provision
for current taxation (Note - 2a) |
80.00
|
105.00
|
333.00 |
| 10. |
Mat Credit
|
(80.00)
|
-
|
(333.00) |
| 11. |
Provision
for Fringe Benefit Tax |
15.00 |
20.00 |
100.00 |
| 12. |
Deferred tax Debit/(Credit)
|
242.90
|
-
|
(1,045.53)
|
13. |
Profit
after current Tax |
454.74
|
1,021.53
|
4,895.63 |
14. |
Paid
up Equity Share Capital ( Face Value of equity share
is Rs. 10/- each) |
2,890.91
|
2,890.91
|
2,890.91
|
15. |
Paid
up Preference Share Capital(Face Value of preference
share is Rs.100/- each) |
11,233.00 |
11,233.00
|
11,233.00
|
16. |
Reserves(Excluding
revaluation reserve) |
|
|
1,516.12
|
17. |
Basic
Earnings Per Share - (Rupees)(Equity Shares) - not
annualised |
1.57
|
3.52
|
11.36
|
18. |
Diluted
Earnings Per Share-(Rupees) (Equity Share) - not annualised
( Note - 4) |
|
|
|
19. |
Aggregate
of Non-Promoter Shareholding: |
|
|
|
|
Number
of Equity Shares |
19,656,889 |
19,656,889 |
19,656,889 |
|
Percentage
of Share holding |
67.77% |
67.77% |
67.77% |
| Notes: |
| 1. |
Actual production
(Including Conversion) |
|
| Particulars |
Three
months ended |
Year
Ended
31.03.2006
In (MT) |
30.06.2006
In (MT) |
30.06.2005
In (MT) |
| a) Cold Rolled Coils* |
41,944
|
45,344
|
177,446 |
| |
---------
|
-------- |
-------- |
| b) Electrolytic Tinplate |
|
|
|
| -
Own Production |
11,152
|
10,934
|
45,621 |
| -
On conversion account |
29,357
|
27,485
|
105,994 |
| |
---------
|
-------- |
-------- |
| |
40,509
|
38,419
|
151,615 |
| |
---------
|
-------- |
-------- |
|
|
* Includes transferred
to Electrolytic Tinplate production |
| 2. |
Current taxation represents Minimum Alternate
Tax in view of carry forward losses/ unabsorbed depreciation.
Related MAT credit for the period ended 30th June, 2006
has been recognized and company is confident that it
would be in a position to pay normal tax within the
period specified under Income Tax Act, 1961. |
| 3. |
The company’s operations predominantly
is manufacture of Electrolytic Tinplate in course of
which certain intermediate product namely Full hard
cold rolled coils in small quantity are also produced
and marketed. The Company is managed organizationally
as an unified entity and all its assets other than export
debtors are located in India |
| |
Sales (gross) for the period ended 30th
June, 2006 Rs. 7192.02 lakhs includes domestic sales
of Rs.3700.30 lakhs. Details of export sales and period
end debtors (being related capital employed overseas),
are as follows: |
| |
| Particulars |
Three
months ended |
Year
Ended
31.03.2006
(Rs. In Lacs)
|
30.06.2006
(Rs. In Lacs)
|
30.06.2005
(Rs. In Lacs)
|
(i)
Sales-
|
3,491.72
|
1,728.75
|
9,735.24
|
SAARC Countries
|
1,375.87
|
994.84
|
6,982.86 |
Middle East
|
381.14
|
-
|
1,260.42 |
Europe
|
326.80
|
-
|
1,374.29
|
| Others |
1,407.91
|
733.91
|
117.67 |
| |
(ii) Debtors-
|
645.30
|
16.51
|
731.14
|
| SAARC Countries |
173.03
|
-
|
578.62
|
Middle East
|
45.08
|
-
|
91.79
|
Europe
|
116.16
|
-
|
39.52
|
Others
|
311.03
|
16.51
|
21.21 |
|
| 4. |
According to a
legal opinion the right of conversion of the Non-Cumulative
Optionally Convertible Preference Shares (OCPS) into
Equity Shares, if and when exercised, would be as per
SEBI guidelines prevailing at the time of exercising
the option. Therefore number of potential Equity Shares
and diluted Earnings per Share (EPS) are not currently
ascertainable.
|
| 5. |
Total number of investors complaints
pending at the beginning of the quarter : Nil , Received
during the quarter :Nil , disposed off Nil : and pending
at the end of the quarter : Nil. |
| 6. |
With the introduction of AS - 15 ( Revised
) issued by The Institute of Chartered Accountants of
India (ICAI) with effect from 1st April 2006 , the additional
liability as at that date for certain employee benefits
has been adjusted with the opening reserve & surplus
as per the transitional provision of the said Accounting
Standard. |
| 7. |
Figures for the corresponding period
have been rearranged and regrouped wherever necessary. |
| 8. |
The above results have been taken on
record by the Board of Directors of the company in its
meeting of date. |
Kolkata
11th July, 2006 |
By Order of the Board
B.L.Raina
(Managing Director) |
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