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
| 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:
- 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, 2010 | Premal N. Kapadia |
| Place : Mumbai | Chairman |