Rs. in lakhs |
 |
 | | | Particulars | Three months ended | | Nine months ended | | Previous accounting year ended |
| | | | | | | | | |
| | | | | 30.09.2009 | 30.09.2008 | | 30.09.2009 | 30.09.2008 | | 31.12.2008 |
| | | | | (Unaudited) | (Unaudited) | | (Unaudited) | (Unaudited) | | (Audited) |
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1. | | a) | Net sales / Income from operations | | 24,616 | 25,489 | | 68,081 | 72,098 | | 91,639 |
| | b) | Other operating income | | 630 | 557 | | 1,555 | 1,756 | | 2,341 |
| | | | |
| | Total Income | | 25,246 | 26,046 | | 69,636 | 73,854 | | 93,980 |
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2. | | Expenditure | | | | | | | | |
| | a) | (Increase) / Decrease in stock in trade
and work in progress | | (93) | (2,250) | | (230) | (2,481) | | 894 |
| | b) | Consumption of raw / packing materials | | 10,969 | 13,332 | | 30,927 | 36,183 | | 44,253 |
| | c) | Purchase of traded goods | | 3,435 | 4,398 | | 9,538 | 11,253 | | 13,003 |
| | d) | Power and fuel | | 1,318 | 1,374 | | 3,308 | 3,609 | | 4,465 |
| | e) | Employees cost | | 1,622 | 1,833 | | 4,567 | 4,989 | | 7,230 |
| | f) | Depreciation / Amortisation | | 472 | 632 | | 1,427 | 1,728 | | 2,251 |
| | g) | Impairment of fixed assets | | -- | -- | | -- | -- | | 729 |
| | h) | Other expenditure | | 2,587 | 2,966 | | 6,395 | 8,533 | | 10,590 |
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| | i) | Total Expenditure | | 20,310 | 22,285 | | 55,932 | 63,814 | | 83,415 |
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3. | | Profit from operations before other income, | | | | | | | | |
| | interest and exceptional items (1-2) | | 4,936 | 3,761 | | 13,704 | 10,040 | | 10,565 |
4. | | Other income | | 84 | 71 | | 332 | 142 | | 193 |
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5. | | Profit before interest & exceptional items (3+4) | | 5,020 | 3,832 | | 14,036 | 10,182 | | 10,758 |
6. | | Interest expense (Net) | | 13 | 13 | | (6) | (32) | | (18) |
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7. | | Profit after interest but before exceptional items (5-6) | | 5,007 | 3,819 | | 14,042 | 10,214 | | 10,776 |
8. | | Exceptional items (See Note 2) | | -- | -- | | (302) | -- | | (48) |
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9. | | Profit from ordinary activities before tax (7+8) | | 5,007 | 3,819 | | 13,740 | 10,214 | | 10,728 |
10. | | Tax expenses | | 1,658 | 1,303 | | 4,670 | 3,532 | | 3,732 |
| | Short provision for prior years taxation (net) | | -- | -- | | -- | -- | | 248 |
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11. | | Net Profit for the period after tax (9-10) | | 3,349 | 2,516 | | 9,070 | 6,682 | | 6,748 |
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12. | | Paid up equity share capital (Face Value of Rs.10/- each) | | 2,666 | 2,666 | | 2,666 | 2,666 | | 2,666 |
13. | | Reserves excluding revaluation reserve as per | | | | | | | | 29,098 |
| | balance sheet of previous accounting period | | | | | | | | |
14. | | Earning per share - Basic & Diluted (in Rs.) | | 12.56 | 9.44 | | 34.02 | 25.06 | | 25.31 |
| | | | | (Not Annualised) | (Not Annualised) | | (Not Annualised) | (Not Annualised) | |
(Annualised)
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15. | | Public shareholding | | | | | | | | |
| | - | Number of shares | | 9,758,665 | 9,758,665 | | 9,758,665 | 9,758,665 | | 9,758,665 |
| | - | Percentage of shareholding | | 36.60 | 36.60 | | 36.60 | 36.60 | | 36.60 |
16. | | Promoters and promoter group shareholding | | | | | | | | |
| | a) | Pledged / Encumbered | | -- | | | -- | | | |
| | b) | Non-encumbered | | | | | | | | |
| | | - Number of shares | | 16902080 | | | 16902080 | | | |
| | | - Percentage of shares (as a % of the total shareholding | | | | | | | | |
| | | of promoter and promoter group) | | 100.00 | | | 100.00 | | | |
| | | - Percentage of shares (as a % of the total share capital | | | | | | | | |
| | | of the company) | | 63.40 | | | 63.40 | | | |
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| Notes: | | | | | | | | |
1. | The above results for the three / nine months ended September 30, 2009, which have been subjected to a "Limited Review" by the auditors of the Company, have been reviewed by the audit committee and approved by the Board of Directors at its meeting held on October 29, 2009. |
2. | Exceptional items include the following: |
| (i) | Termination benefits to employees: Year ended 31.12.2008: Rs.48 akhs; Nine months ended 30.09.2009: Rs.662 lakhs.. |
| (ii) | Income from sale of flexible laminating adhesives business: Nine months ended 30.09.2009: Rs.360 lakhs. |
3. | The Company has entered into an agreement with Laxmi Organic Industries Ltd. on May 15, 2009 for the sale of its business of Diketene and downstream intermediate products together with removable plant and equipment. The sale is expected to be completed in year 2010. |
4. | There was one investor complaint lying unresolved at the beginning of the quarter. During the quarter the company received 1 (one) complaint. Both the complaints were resolved and there was no complaint pending at the end of the quarter. |
5. | Figures for the previous periods have been regrouped wherever necessary to conform to the current period's classification. |
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| Place: Mumbai | | Heiner Meier |
| Date : October 29, 2009 | | Vice-Chairman & Managing Director |
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| Segmentwise Revenue, Results and Capital Employed for the three/nine months ended September 30, 2009 |