|
|
|
Audited
Financial Results For The Year Ended 31.12.2009
| |
|
|
|
|
(Rs
in Lacs) |
| |
|
Quarter
Ended
31.12.2009
(Unaudited) |
Quarter
Ended
31.12.2008
(Unaudited) |
Year
Ended
31.12.2009
(Audited) |
Year
Ended
31.12.2008
(Audited) |
| Gross
Sales |
|
13,867 |
15,591 |
61,796 |
67,475 |
| Less:
Excise & Sales Tax |
|
830 |
1,312 |
4,027 |
6,266 |
| Net
Sales / Income from Operations |
|
13,037 |
14,279 |
57,769 |
61,209 |
| Other
Operating Income |
|
116 |
204 |
657 |
868 |
| Total
Income |
|
13,153 |
14,483 |
58,426 |
62,077 |
| Expenditure |
|
|
|
|
|
| (Increase)/
Decrease In Stock In Trade |
|
(769) |
481 |
(277) |
194 |
| Consumption
of Raw & Packing Materials |
|
9,411 |
9,409 |
38,531 |
42,436 |
| Staff
Costs |
|
1,001 |
1,300 |
4,933 |
5,093 |
Depreciation
& Amortisation |
|
829 |
708 |
3,115 |
2,862 |
| Other
Expenditure |
|
1,872 |
1,690 |
7,461 |
7,249 |
| Total
Expenditure |
|
12,344 |
13,588 |
53,763 |
57,834 |
| Foreign
Exchange (-)Loss/ (+) Gain
(Refer Note B) |
|
84 |
(266) |
154 |
(1,320) |
| Profit
from Operations before Other Income & Interest |
|
893 |
629 |
4,817 |
2,923 |
| Other
Income |
|
31 |
27 |
133 |
152 |
| Profit
before Interest |
|
924 |
656 |
4,950 |
3,075 |
| Interest
(Net ) (Refer Note C) |
|
14 |
41 |
(7) |
98 |
| Profit
from Ordinary Activities Before Tax |
|
910 |
615 |
4,957 |
2,977 |
Provision
for - Current Taxes (Refer Note D) |
|
160 |
290 |
1,219 |
960 |
|
- Deferred
Taxes |
|
26 |
(65) |
(12) |
(162) |
|
-
Fringe Benefits Tax |
|
- |
9 |
12 |
50 |
| Profit
from Ordinary Activities After Tax |
|
724 |
381 |
3,738 |
2,129 |
| Dividend
recommended/paid per Equity Share (Rs.) |
|
|
|
2.00 |
1.80 |
| One
TIme Dividend recommended per Equity Share (Rs.) |
|
|
|
1.00 |
|
| Paid
Up Share Capital - Equity Face Value Rs.2 |
|
1,254 |
1,254 |
1,254 |
1,254 |
| Reserves
(Excl. Revaluation Reserve) |
|
|
|
24,625 |
23,087 |
| Basic
& Diluted EPS (Not Annualised) (Rs.) |
|
1.15 |
0.61 |
5.96 |
3.40 |
| Public
Shareholding |
|
|
|
|
|
|
-Number of Shares |
|
22,641,258 |
22,734,830 |
22,641,258 |
22,734,830 |
|
-Percentage of Shareholding |
|
36.12% |
36.27% |
36.12% |
36.27% |
| Promoters
& Promoter Group Shareholding |
|
|
|
|
|
| a.
Pledged / Encumbered -Number of Shares |
|
Nil |
NA |
Nil |
NA |
| -Percentage
of Shares ( as a % of the total shareholding of the promoter |
|
Nil |
NA |
Nil |
NA |
| &
promoter group) |
|
|
|
|
|
| -Percentage
of Shares ( as a % of the total share capital of the company) |
|
Nil |
NA |
Nil |
NA |
| b.Non-Encumbered
-Number of Shares |
|
40,045,932 |
NA |
40,045,932 |
NA |
| -Percentage
of Shares ( as a % of the total shareholding of the promoter |
|
100.00% |
NA |
100.00% |
NA |
| &
promoter group) |
|
|
|
|
|
| -Percentage
of Shares ( as a % of the total share capital of the company) |
|
63.88% |
NA |
63.88% |
NA |
|
|
|
|
|
|
|
| Notes: |
|
|
|
|
|
A. |
The
company's sole business segment is consumer packaging & all
other activities of the company are incidental to this
business segment. |
| B. |
Forex
loss includes loss for mark to market valuation of forex contracts
entered into to hedge the forecast transactions. Such forex
loss for Q4-08 & Y-08 involved reversal of loss of Rs.
173 lacs & booking of loss of Rs.402 lacs respectively. |
| C. |
Interest
Expense is net of interest income received on income tax refunds.
Interest income received for Q4-09, Y-09, Q4-08 & Y-08
is Rs. Nil, Rs.108 lacs, Rs.Nil & Rs.145 lacs respectively. |
| D. |
Provision
for current taxes is net of write back of excess provision
for earlier periods. Write back of excess income tax provision
for Q4-09, Y-09, Q4-08 & Y-08 have been Rs. Nil, Rs103
lacs, Rs.Nil & Rs.62 lacs respectively. |
| E. |
There
were no investor complaints pending at the beginning &
at the end of the quarter. No Investor complaint was received
during the quarter. |
| F. |
The
Company has implemented Oracle ERP system which has gone live
in October 2009. Due to the black out period, teething issues,
sales in the month of Oct 2009 were severely affected. Since
then the system is stablilising and the company is moving
towards normalised sales level. |
| G. |
The
Board of Directors has proposed a one time Platinum Jubilee
dividend of Rs.1 per share in addition to dividend of Rs.2
per share. |
| H. |
The
above results were reviewed by the audit committee & taken
on record by the board at it's meeting held on 27th January
2010. |
| Mumbai |
|
| 27th
January, 2010 |
For The Paper Products Ltd. |
| (Visit
us at our website: www.pplpack.com) |
Suresh
Gupta - Managing Director |
|
