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. |
| 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 |
For The Paper Products Ltd. |
| 27th January, 2010 | (Visit
us at our website: www.pplpack.com) Suresh
Gupta - Managing Director |