The
Paper Products Ltd |
Regd.
Office: Regent Chambers, 13th floor, Nariman Point, Mumbai 400 021 |
Corporate
Office: L.B.Shastri Marg, Majiwade, Thane 400 601. |
| Unaudited Financial Results For The Quarter Ended 30.06.2010 |
| (Rs
in Lacs) |
|||||
| Quarter Ended 30.06.2010 (Unaudited) |
Quarter Ended 30.06.2009 (Unaudited) |
Half
Year Ended 30.06.2010 (Unaudited) |
Half
Year Ended 30.06.2009 (Unaudited) |
Year Ended 31.12.2009 (Audited) |
|
| Gross Sales |
18,791 |
15,547 |
35,973 |
30,921 |
61,796 |
| Less: Excise & Sales Tax |
1,376 |
1,055 |
2,650 |
2,112 |
4,027 |
| Net Sales / Income from Operations |
17,415
|
14,492 |
33,323 |
28,809 |
57,769 |
| Other Operating Income (Refer Note B) |
197
|
206 |
360 |
362 |
657 |
| Total Income |
17,612
|
14,698 |
33,683 |
29,171 |
58,426 |
| Expenditure | |||||
| (Increase)/ Decrease In Stock In Trade & Work in Progress |
(320)
|
(203) |
(806) |
(170) |
(277) |
| Consumption of Raw & Packing Materials |
12,591
|
9,964 |
23,952 |
18,999 |
38,531 |
| Staff Costs |
1,572
|
1,367 |
2,890 |
2,484 |
4,933 |
|
Depreciation
& Amortisation |
816
|
766 |
1,633 |
1,518 |
3,115 |
| Other Expenditure |
2,132
|
1,653 |
4,132 |
3,443 |
7,461 |
| Total Expenditure |
16,791
|
13,547 |
31,801 |
26,274 |
53,763 |
| Foreign Exchange (-)Loss/ (+) Gain |
(4) |
134 |
127 |
34 |
154 |
| Profit from Operations before Other Income, Interest & Exceptional items |
817 |
1,285 |
2,009 |
2,931 |
4,817 |
| Other Income |
33 |
26
|
68 |
74
|
133 |
| Profit before Interest and Exceptional items |
850 |
1,311 |
2,077 |
3,005 |
4,950 |
| Interest (Net) (Refer Note C) |
8 |
(58) |
20 |
5 |
(7) |
| Profit after Interest but before Exceptional items |
842 |
1,369 |
2,057 |
3,000 |
4,957 |
| Exceptional Income - (Net) ( Refer note D) | - | - | 1,398 | - | - |
| Profit from Ordinary Activities Before Tax |
842 |
1,369 |
3,455 |
3,000 |
4,957 |
|
Provision
for - Current Taxes (Refer Note E) |
215 |
297 |
855 |
800 |
1,219 |
| - Deferred Taxes |
(43) |
(23) |
(70) |
(11) |
(12) |
| - Fringe Benefits Tax |
- |
11 |
- |
23 |
12 |
| Net Profit from Ordinary Activities After Tax |
670 |
1,084 |
2,670 |
2,188 |
3,738 |
| Dividend paid per Equity Share (Rs.) |
- |
- |
- |
- |
3.00 |
| Paid Up Share Capital - Equity Face Value Rs.2 |
1,254 |
1,254 |
1,254 |
1,254 |
1,254
|
| Reserves (Excl. Revaluation Reserve) |
24,625 |
||||
| Basic & Diluted EPS (Not Annualised) (Rs.) |
1.07 |
1.73 |
4.26 |
3.49 |
5.96
|
| Basic & Diluted EPS Excluding Exceptional Items (Not Annualised) (Rs.) |
1.07 |
1.73 |
2.49 |
3.49 |
5.96
|
| Public Shareholding |
|
||||
| -Number of Shares |
22,641,258 |
22,641,258 |
22,641,258 |
22,641,258 |
22,641,258
|
| -Percentage of Shareholding |
36.12% |
36.12% |
36.12% |
36.12% |
36.12%
|
| Promoters & Promoter Group Shareholding |
|
||||
| a. Pledged / Encumbered -Number of Shares |
Nil |
Nil |
Nil
|
Nil
|
Nil |
|
-Percentage
of Shares ( as a % of the total shareholding of the |
Nil |
Nil |
Nil
|
Nil
|
Nil |
|
promoter
& promoter group) |
|||||
|
-Percentage
of Shares ( as a % of the total share capital of the company) |
Nil
|
Nil |
Nil
|
Nil
|
Nil |
|
b.Non-Encumbered
-Number of Shares |
40,045,932 |
40,045,932 |
40,045,932 |
40,045,932 |
40,045,932 |
|
-Percentage
of Shares ( as a % of the total shareholding of the |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
|
promoter
& promoter group) |
|
||||
|
-Percentage
of Shares ( as a % of the total share capital of the company) |
63.88% |
63.88% |
63.88% |
63.88% |
63.88% |
| |
|||||
| Notes: | |
| A. | The
company's sole business segment is consumer packaging & all other
activities of the company are incidental to this business segment. |
| B. | Other Operating income includes Profit on sale of assets in Q2-10 Rs 8 lacs and Q2-09 Rs 66 lacs. |
| C. |
Interest Expense is net of interest income received on income tax refunds.
Interest income received on Income tax refunds for Q2-10 and H1-10 is
Nil and Q2-09 & H1-09 is Rs 67 Lacs. |
| D. | Exceptional
income of Rs 1,398 Lacs in H1-10 represents net gain realised on sale
of Nagpur factory property.Current tax for H1-10 includes Rs 286 Lacs
relating to the above exceptional item. |
| E. | Provision
for current taxes is net of write back of excess provision for earlier
periods. Write back of excess income tax provision for Q2-10 and H1-10
is nil, Q2-9 and H1-09 is Rs 73 Lacs. |
| F. | There
were no investor complaints pending at the beginning & at the end
of the quarter. Two complaints were received during the quarter which
were resolved. |
| G. | The
above results were reviewed by the audit committee & taken on record
by the board at it's meeting held on 30th July 2010. |
| H. |
STATEMENT
OF ASSETS AND LIABILITIES |
((Rs
in Lacs) |
||
| As
at 30th June 2010 (Unaudited) |
As
at 30th June 2009 (Unaudited) |
|||
| Shareholders' Funds | |
|||
| a) Capital | 1,254 |
1,254 |
||
| b) Reserves and Surplus | 27,579 |
25,552 |
||
| Loan Funds | 2,581 |
2,886 |
||
| Deferred Tax Liability(Net) | 607 |
678 |
||
| TOTAL | 32,021 |
30,370 |
||
| Fixed Assets | 18,939 |
20,714 |
||
| Investments | 3,000 |
2,286 |
||
| Current Assets, Loans and Advances | ||||
| a) Inventories | 8,588 |
5,902 |
||
| b) Sundry Debtors | 11,370 |
8,671 |
||
| c) Cash and Bank Balances | 551 |
873 |
||
| d) Other Current Assets | 1,073 |
1,050 |
||
| e) Loans and Advances | 2,106 |
2,183 |
||
| Less: Current Liabilities and Provisions | ||||
| a) Liabilities | 12,966 |
10,568 |
||
| b) Provisions | 640 |
741 |
||
| TOTAL | 32,021 |
30,370 |
||
|
I. |
Above
results have been subjected to limited review by the statutory auditors.
|
|||
| Mumbai |
For The Paper Products Ltd. |
| 30th July, 2010 | (Visit
us at our website: www.pplpack.com) Suresh
Gupta -Chairman & Managing Director |