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Quarterly Unaudited/Audited Results | Yearly Audited Financial Results Download


UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 2009
(Rs.in Lakhs)
Sr. No	Particulars	Quarter ended		Nine months ended		Year ended
		30/09/2009	30/09/2008	30/09/2009	30/09/2008	31/12/2008
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1	Gross Sales/Income from Operations
	Domestic - India	19118	18337	54661	52150	69751
	Export - Outside India	19903	20127	48717	52904	71833
	Total	39021	38464	103378	105054	141584
	Less : Excise Duty	1388	2215	4117	6466	8447
2	Net Sales/Income from Operations	37633	36249	99261	98588	133137
3	Other Operating Income	250	189	559	578	691
4	Total Income	37883	36438	99820	99166	133828
5	Expenditure
	a) (Increase) / Decrease in Stock in Trade and Work in Progress	(378)	(3123)	(323)	(2167)	1372
	b) Consumption of Raw Materials	23808	26206	64320	66326	86364
	c) Purchase / Cost of Sales of Traded Goods	25	98	219	292	385
	d) Employees Cost	1512	1305	3923	3754	5113
	e) Depreciation / Amortisation	855	807	2507	2367	3195
	f) Other Expenditure	6858	5037	15633	14235	19127
	g) Total	32680	30330	86279	84807	115556
6	Profit from Operations before Other Income, Interest and Other Finance Charges and Exceptional Items	5203	6108	13541	14359	18272
7	Other Income	135	91	288	264	452
8	Profit before Interest and Other Finance Charges and Exceptional items	5338	6199	13829	14623	18724
9	Interest and Other Finance Charges (Net)
	a) Interest	252	650	1060	1866	2646
	b) Other Finance Charges (See Note No.3 (b))	199	2307	372	3818	4971
	c) Total	451	2957	1432	5684	7617
10	Profit after Interest and Other Finance Charges but before Exceptional Items	4887	3242	12397	8939	11107
11	Exceptional Items	-	-	-	-	-
12	Profit from Ordinary Activities before tax	4887	3242	12397	8939	11107
13	Provision for Taxation
	a) Current Tax (Net)	1223	607	2766	1537	2170
	b) Deferred Tax	55	(75)	460	(58)	(138)
	c) Fringe Benefit Tax	(12)	12	12	33	47
	d) Total	1266	544	3238	1512	2079
14	Net Profit from Ordinary Activities after Tax	3621	2698	9159	7427	9028
15	Extraordinary Items	-	-	-	-	-
16	Net Profit for the period	3621	2698	9159	7427	9028
17	Paid-up Equity Share Capital ( Face Value Rs.10/- per Share)	2487	2487	2487	2487	2487
18	Reserves excluding Revaluation Reserves as per Balance sheet of previous accounting year					43769
19	Earning Per Share - Basic and Diluted ( in Rs.) (Not Annualised)	14.56	10.85	36.83	29.86	36.30
20	Public Shareholding
	- Number of Shares	6217986	6217986	6217986	6217986	6217986
	- Percentage of Shareholding	25.0	25.0	25.0	25.0	25.0
21	Promoters and promoter group Shareholding
	a) Pledged / Encumbered
	- Number of Shares	17534718		17534718
	- Percentage of shares (as a % of the total shareholding of promoters and promoter group)	94.0		94.0
	- Percentage of shares (as a % of the total share capital of the Company)	70.5		70.5
	b) Non-encumbered
	- Number of Shares	1119237		1119237
	- Percentage of shares (as a % of the total shareholding of promoters and promoter group)	6.0		6.0
	- Percentage of shares (as a % of the total share capital of the Company)	4.5		4.5

SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 2009
(Rs.in Lakhs)
Sr. No	Particulars	Quarter ended		Half year ended		Year ended
		30/09/2009	30/09/2008	30/09/2009	30/09/2008	31/12/2008
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1	Segment Revenue
	a) Inks & Intermediates	35317	34562	92702	92916	125649
	b) Others Products & Services	2801	2111	7930	6886	8978
	Total	38118	36673	100632	99802	134627
	Less: Inter Segment Revenue	235	235	812	636	799
	Net Sales/Income from Operations (including Other Operating Income)	37883	36438	99820	99166	133828
2	Segment Results (Profit before Tax and Interest and Other Finance Charges)
	a) Inks & Intermediates	4782	6051	12331	13867	17748
	b) Others Products & Services	539	179	1506	807	877
	Total	5321	6230	13837	14674	18625
	Less: Interest and Other Finance Charges (Net)	451	2957	1432	5684	7617
	Other Unallocable Expenditure minus Unallocable Income	(17)	31	8	51	(99)
	Total Profit Before Tax	4887	3242	12397	8939	11107
3	Capital Employed (Segment Assets - Segment Liabilities)
	a) Inks & Intermediates	63611	78379	63611	78379	76749
	b) Others Products & Services	1659	(114)	1659	(114)	1758
	Add: Unallocated Net Assets*	8610	42082	8610	42082	5762
	Total Capital Employed	73880	120347	73880	120347	84269
	* Include Investment in subsidiaries and exclude Loan Funds and Deferred Tax Liability.

Notes :

(1)

The aforesaid results have been approved by the Board of Directors of the Company at its meeting held on October 31, 2009.

(2)

In accordance with the requirement of clause 41 of the Listing Agreement with the Stock Exchanges, the Statutory Auditors have performed a Limited Review of the financial results of the Company for the quarter and nine months ended September 30, 2009, except that the unaudited consolidated financial results given in Note No. 4 below are outside the purview of such review.

(3)

(a) Net (gain) / loss on derivative contracts for the five aforesaid periods starting from the current quarter and ending at previous year are Rs. (57) lakhs, Rs.1696 lakhs, Rs.1135 lakhs, Rs.3942 lakhs and Rs.4996 lakhs, respectively, and appropriately netted-off / included in the relevant items of income and expenditure.
(b) Other Finance Charges (refer Point No. 9 (b) above) mainly represents exchange fluctuation (gain) / loss on foreign currency loans.

(4)

Consolidated financial results of the Company:

(Rs.in Lakhs)
Sr. No	Particulars	Quarter ended		QoQ Growth	Nine months ended		Year ended
		30/09/2009	30/09/2008	%	30/09/2009	30/09/2008	31/12/2008
		(Unaudited)	(Unaudited)		(Unaudited)	(Unaudited)	(Audited)
a	Net Sales / Income from Operations	43134	43096	0%	117548	119044	161256
b	Profit before Depreciation, Interest and Other Finance Charges, Tax and Exceptional Items (PBDIT)	6060	6159	-2%	15557	14205	19125
c	Interest and Other Finance Charges (Net)	505	3030		1637	5898	7747
d	Depreciation / Amortisation	1106	1163		3260	3358	5931
e	Profit before Tax	4449	1966	126%	10660	4949	5447
f	Provision for Taxation (Net)	1266	544		3238	1513	2080
g	Net Profit	3183	1422	124%	7422	3436	3367

(5)

The Company, on July 20, 2009, acquired 100% of the Common Stocks (including Additional Paid-in Capital) of Hostmann Steinberg Inc., USA from Micro Inks GmbH, Austria, a wholly owned subsidiary of the Company for a consideration of Rs. 1 lakh equivalent to USD 2280/-. Consequently, Hostmann Steinberg Inc., USA has become a direct wholly owned subsidiary of the Company and the Company, also during the quarter, invested by way of subscription to Non-cumulative Redeemable Preferred Stocks aggregating Rs. 1925 lakhs equivalent to USD 40 lakhs in Hostmann-Steinberg Inc., USA.

(6)

There was no investor complaint pending at the beginning of the quarter. After resolving 6 complaints received during the quarter, no complaint was pending at the end of the quarter i.e. September 30, 2009.

(7)

The figures of the previous period / year have been regrouped wherever necessary.

Place : Mumbai
Date : October 31, 2009

For and on behalf of the Board

Anjum Bilakhia
Chairman