DE NORA INDIA LIMITED
Regd. Office : Plot nos. 184, 185 & 189, Kundaim Industrial Estate
Kundaim 403 115, Goa
UNAUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH 2010
(Rs. in Lakhs)
| Particulars | Unaudited Quarter ended | Unaudited Quarter ended | Audited Year Ended |
|
| | 31.03.2010 | 31.03.2009 | 31.12.2009 |
1 | Gross sales / Income from Operations | 305,90 | 270,35 | 1.345,18 |
| Less : Excise duty | 10,07 | 12,53 | 22,88 |
| Net Sales | 295,83 | 257,82 | 1.322,30 |
2 | Other operating income | - | 0,22 | 30,32 |
3 | Total income | 295,83 | 258,04 | 1.352,62 |
4 | Expenditure | | | |
| a) Decrease in stock in trade and work in progress | -3,97 | 50,99 | 12,08 |
| b) Consumption of raw materials and packing materials | 111,85 | 87,04 | 346,52 |
| c) Purchase of traded Goods | - | - | 0,64 |
| d) Employee cost | 67,57 | 81,53 | 321,52 |
| e) Depreciation and amortisation | 14,57 | 15,75 | 64,87 |
| f) Professional & legal consultancy | 38,5 | 33,96 | |
| g) Other expenditure | 104,5 | 91,16 | 640,95 |
| Total | 333,02 | 360,43 | 1.386,58 |
5 | Profit /(loss) from operations before other income and interest | -37,19 | -102,39 | -33,96 |
6 | Other income | 45,68 | 75,44 | 159,92 |
7 | Profit before interest / (loss) | 8,49 | -26,95 | 125,96 |
8 | Interest | 0,36 | 0,13 | 0,19 |
9 | Profit from ordinary activities before tax | 8,13 | -27,08 | 125,77 |
10 | Net Tax expense/ (refund) [refer note 4] | 13,05 | 7,09 | 111,94 |
11 | Profit /(loss) from ordinary activities | -4,92 | -34,17 | 13,83 |
12 | Paid up share Capital - Equity face value Rs, 10/- | 555,51 | 555,51 | 555,51 |
13 | Reserves (excluding Revaluation Reserve) | - | - | 2.062,93 |
14 | Basic and Diluted EPS (Not Annualised) (Rs,) | -0,09 | -0,62 | 0,25 |
15 | Aggregate of Public Shareholding | | | |
| - Number of Shares | 2.458,268 | 2.436,077 | 2.458,268 |
| - Percentage of Shareholding | 44,25 | 43,85 | 44,25 |
16 | Promoter and Promoter Group Shareholding | | | |
| Pledged/Encumbered | - | - | - |
| -Number of Shares | - | - | - |
| - Percentage of shares (as a % of the total shareholding of promoter and promoter group) | - | - | - |
| - Percentage of shares (as a % of the total share capital of the company) | - | - | - |
| Non-encumbered | | | |
| - Number of Shares | 3.096,866 | 3119,057 | 3.096,866 |
| - Percentage of shares (as a % of the total shareholding of promoter and promoter group) | 100 | 100 | 100 |
| - Percentage of shares (as a % of the total share capital of the company) | 55,75 | 56,15 | 55,75 |
1. The above results were reviewed by the audit committee and taken on record at the Meeting of the Board of Directors held on April 30, 2010.
2. The results for the quarter ended March 31, 2010 as stated above have been subjected to "limited Review" by the Auditors of the Company.
3. The company operates in a single business segment namely "Electrolytic products".
4. The number of investor complaints received during the quarter, resolved and pending are :
- Total number of grievances pending at the beginning of the quarter: Nil
- Total number of grievances received during the quarter: Nil
- Total number of grievances disposed during the quarter: Nil
- Total number of grievances pending at the end of the quarter: Nil
4. In absence of virtual certainity of realisation, net deferred tax assets previously recognised had been written off at 31-12-2009. Provision for tax has been made considering the provisions of section 115JB of the Income Tax Act, 1961 for the quarter ended 31-3-2010.
5. The figures for the previous periods have been regrouped wherever necessary.
| | For DE NORA INDIA LIMITED |
| Date : April 30, 2010 | S C Jain |
| Place : Kundaim - Goa | Managing Director |