Financials » De Nora India Financial Results
De Nora India Financial Results
DE NORA INDIA LIMITED
Regd. Office : Plot nos. 184, 185 & 189, Kundaim Industrial Estate
Kundaim 403 115, Goa
 
UNAUDITED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30TH JUNE 2010
 

(Rs. in Lakhs) 

 
Particulars
Quarter ended
(unaudited)
Half year ended (unaudited)
Year ended (audited)
 
 
30.6.2010
30.6.2009
30.6.2010
30.6.2009
31.12.2009
1
Gross sales / Income from Operations
      473.56
      298.52
     779.46
     568.87
1,345.18
 
Less : Excise duty
      11.66
         2.70
       21.73
      15.23
             22.88
 
Net Sales
     461.90
      295.82
     757.73
     553.64
1,322.30
2
Other operating income
         1.05
       22.47
         1.05
       22.69
             30.32
3
Total income
     462.95
      318.29
     758.78
      576.33
1,352.62
 
 
 
 
 
 
 
4
Expenditure
  
 
 
 
  
 
   a) (Increase) / Decrease in stock in trade and work in progress
       14.06
     (15.05)
       10.23
       35.94
             12.08
 
   b) Consumption of raw materials and packing materials
     146.57
       68.58
     258.42
      155.63
           346.52
 
   c) Purchase of traded Goods
             -  
         0.64
             -  
         0.64
             0.64
 
   d) Employee cost
       77.86
       96.23
      142.19
      177.77
           321.52
 
   e) Depreciation and amortisation
       15.25
       16.81
       29.81
       32.56
             64.87
 
   f) Professional & legal consultancy
       43.71
       26.01
      82.21
       59.97
           184.15
 
   g) Other expenditure
       76.01
       83.64
     180.39
      174.79
           456.80
 
Total
     373.46
      276.86
     703.25
      637.30
       1,386.58
5
Profit / (loss) from operations before other income and interest
       89.49
       41.43
       55.53
     (60.97)
         (33.96)
6
Other income
       44.27
       19.97
       86.72
       95.41
           159.92
7
Profit before interest
      133.76
       61.40
     142.25
       34.44
           125.96
8
Interest
         0.26
         0.04
         0.63
         0.16
             0.19
9
Profit from ordinary activities before tax
    133.50
        61.36
     141.62
        34.28
           125.77
10
Net Tax expense
       14.45
         3.13
       27.50
       10.22
           111.94
11
Profit from ordinary activities
     119.05
       58.23
     114.12
       24.06
             13.83
12
Paid up share Capital - Equity face value Rs. 10/-
     555.51
      555.51
     555.51
      555.51
           555.51
13
Reserves (excluding Revaluation Reserve)
             -  
              -  
             -  
              -  
2,062.93
14
Basic and Diluted EPS (Not Annualised) (Rs.)
         2.14
         1.05
         2.05
         0.43
             0.25
15
Aggregate of Public Shareholding
  
  
 
 
  
 
- Number of Shares
 2,458,268
 2,458,268
2,458,268
 2,458,268
2,458,268
 
- Percentage of Shareholding
       44.25
       44.25
       44.25
       44.25
             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
 3,096,866
 3,096,866
 3,096,866
3,096,866
 
 - Percentage of shares (as a % of the total shareholding of promoter and promoter group)
      100.00
      100.00
      100.00
      100.00
           100.00
 
 - Percentage of shares (as a % of the total share capital of the company)
       55.75
       55.75
       55.75
       55,75
             55.75
 
 
 
 
 
 
 

 

Notes:
  1. Following is the disclosure of statement of assets and liabilities as at the half-year ended June 30, 2010, as required by sub-clause (ea) of clause 41 of the Equity Listing Agreement:

 

 
Particulars
Half year ended 30/6/2010    (unaudited)
Haly year ended 30/6/2009
(unaudited)
 
 
 
 
1
SHAREHOLDERS' FUNDS:
 
 
 
(a) Capital
      555.51
555.51
 
(b) Reserves and Surplus
2,177.05
2,073.16
2
LOAN FUNDS
118.99
 -  
 
 
    2,851.55
2,628.67
 
 
 
 
3
FIXED ASSETS (net)
625.55
676.51
4
INVESTMENTS
1,473.71
903.40
5
CURRENT ASSETS, LOANS AND ADVANCES
 
 
 
(a) Inventories
488.88
468.53
 
(b) Sundry Debtors
342.77
271.47
 
(c) Cash and Bank balances
149.51
241.99
 
(d) Other current assets
4.40
114.72
 
(e) Loans and Advances
195.40
232.97
 
Less : Current Liabilities and Provisions
 
 
 
(a) Current Liabilities
328.59
208.57
 
(b) Provisions
100.08
72.35
 
NET CURRENT ASSETS / (LIABILITIES)
752.29
1,048.76
6
MISCELLANEOUS EXPENDITURE (not written off or adjusted)
-
-
 
7
PROFIT AND LOSS ACCOUNT
-
-
 
 
2.851,55
2.628,67
 
 
 
 

  

2.     The above results were reviewed by the audit committee on July 29, 2010 and taken on record at the Meeting of the Board of Directors held on July 30, 2010.
3.   The results for the quarter ended June 30, 2010 and June 30, 2009 as stated above have been subjected to "limited Review" by the Auditors of the Company.
4.     The company operates in a single business segment namely "Electrolytic products".
5.     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
6.     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 30-6-2010.
7.     The figures for the previous periods have been regrouped wherever necessary.

 

 For DE NORA INDIA LIMITED
Date : July 30, 2010Premal N. Kapadia
Place : MumbaiChairman