| STANPACKS (INDIA) LTD. | |||||||||||||
| Regd. Office: “S.K.Enclave” New No.4, (Old No.47) Nowroji Road, Chennai 600 031. | |||||||||||||
| UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2010 | |||||||||||||
| (` in Lakhs) | |||||||||||||
| Sl. | Particulars | 3 Months Ended | Year Ended | ||||||||||
| No | 30.06.2010 | 30.06.2009 | 31.03.2010 | ||||||||||
| Unaudited | Unaudited | Audited | |||||||||||
| 1 | (a) Net Sales/ Income from Operations | 701.79 | 793.68 | 2,694.48 | |||||||||
| (b) Other Operating Income | - | - | - | ````` | |||||||||
| 2 | Expenditure | ||||||||||||
| a. Increase /decrease in stock in trade and work in progress | (42.40) | 83.85 | (131.44) | ||||||||||
| b. Consumption of raw materials | 512.94 | 530.45 | 1,956.66 | ||||||||||
| c. Employees cost | 75.54 | 69.12 | 339.87 | ||||||||||
| d. Depreciation | 24.54 | 24.06 | 98.54 | ||||||||||
| e. Other expenditure | 80.71 | 51.79 | 342.39 | ||||||||||
| f. Total | 651.33 | 759.28 | 2,606.02 | ||||||||||
| 3 | Profit from Operations before Other income, interest and Exceptional Items (1-2) | 50.46 | 34.40 | 88.46 | |||||||||
| 4 | Other Income | 2.81 | 3.66 | 7.85 | |||||||||
| 5 | Profit before Interest and Exceptional Items (3+4) | 53.27 | 38.06 | 96.32 | |||||||||
| 6 | Interest | 47.82 | 42.27 | 185.73 | |||||||||
| 7 | Profit after Interest but before exceptional items (5-6) | 5.45 | (4.21) | (89.41) | |||||||||
| 8 | Exceptional Items | (1.93) | (1.18) | (1.51) | |||||||||
| 9 | Profit (+)/ Loss (-) from Ordinary Activities before tax (7+8) | 3.52 | (5.39) | (90.92) | |||||||||
| 10 | Tax expense*** | 0.00 | (4.01) | (27.42) | |||||||||
| 11 | Net Profit (+)/ Loss (-) from** Ordinary Activities after tax (9-10) | 3.52 | (1.38) | (63.50) | |||||||||
| 12 | Extraordinary items | - | - | - | |||||||||
| 13 | Net Profit (+)/ Loss (-) for the period (11-12) | 3.52 | (1.38) | (63.50) | |||||||||
| 14 | Paid – Up equity share capital (Face value of Rs.10 each) | 609.60 | 609.60 | 609.60 | |||||||||
| 15 | Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year | - | - | - | |||||||||
| Earnings Per Share (EPS) a) Basic and diluted EPS before Extradordinary items for the period for the year to date and for the previous year (not to be annualised) | 0.01 | (0.00) | (0.10) | ||||||||||
| 16 | b) Baic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year (not to be annualised) | 0.01 | (0.002) | (0.10) | |||||||||
| Public shareholding - Number of shares | 3,634,987 | 3,635,787 | 3,635,787 | ||||||||||
| 17 | - Percentage of shareholding | 59.63% | 59.64% | 59.64% | |||||||||
| 18 | Promoters and promoter group Shareholding | ||||||||||||
| a) Pledged/Encumbered - Number of shares | - | - | - | ||||||||||
| - Percentage of shares (as a % of the total shareholding of promoter and promoter group) | Nil | Nil | Nil | ||||||||||
| - Percentage of shares (as a% of the total share capital of the company) | 100% | 100% | 100% | ||||||||||
| b) Non-encumbered - Number of Shares | 2,461,013 | 2,460,213 | 2,460,213 | ||||||||||
| - Percentage of shares (as a% of the total shareholding of promoter and promoter group) | Nil | Nil | Nil | ||||||||||
| - Percentage of shares (as a % of the total share capital of the company) | 40.37% | 40.36% | 40.36% | ||||||||||
| ** After adjusting prior period items | |||||||||||||
| ***Deferred tax adjustment to be made at the end of the year | |||||||||||||
| Notes : | |||||||||||||
| 1. | The above financial results which are subject to " Limited Review" by the Statutory Auditors of the company, have been reviewed by the Audit Committee and taken on record by the Board of Directors at their meeting held on 29th July 2010 | ||||||||||||
| 2. | The Company being engaged in manufacture of packing materials has single segment in terms of Accounting standard (AS) 17 “Segment Reporting” | ||||||||||||
| 3 | Previous year’s figures have been rearranged/regrouped wherever necessary. | ||||||||||||
| 4 | No investors’ complaint was pending either at the beginning or at the end of the Quarter. Further no investor’s complaint has been received during the Quarter | ||||||||||||
| 5 | Dues of the sales Tax, and Excise Duty which have not been not been deposited on account of dispute and forum where the dispute is pending are as under: | ||||||||||||
| S.No | Name of the Statute Nature of Dues | Pertaining | Amount (`.) | Present Status | |||||||||
| i. | Sales Tax Sales Tax Demand | 1994-1995 | 825,477 | On Appeal the case was remanded to the Assessing Officer | |||||||||
| ii. | Sales Tax Sales Tax Demand | 1995-1996 | 353,788 | ||||||||||
| iii. | Sales Tax Sales Tax Demand | 1997-1998 | 128,925 | ||||||||||
| iv. | Sales Tax Sales Tax Demand | 2001-2002 | 80,755 | ||||||||||
| v. | Central Excise Excise Duty Demand | 2007-2008 | 218,870 | Appeal pending with The Assistant Commissioner of Central Excise, Chennai | |||||||||
| vi. | Central Excise Excise Duty Demand | 2008-2009 | 412,853 | ||||||||||
| for and on behalf of the Board | |||||||||||||
| Place : Chennai | G.RADHAKRISHNA | ||||||||||||
| Date : 29.07.2010 | MANAGING DIRECTOR | ||||||||||||