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  Quarterly Unaudited/Audited Results  | Yearly Audited Financial Results                                                                             Download

 

AUDITED FINANCIAL RESULTS FOR YEAR ENDED DECEMBER 31, 2009
(Rs.in Lakhs)   
Sr. No Particulars STANDALONE CONSOLIDATED
Year Ended Year Ended Year Ended Year Ended
31-12-2009 31-12-2008 31-12-2009 31-12-2008
(Audited) (Audited) (Audited) (Audited)
1    Gross Sales/Income from Operations        
     Domestic - India       73272    69751    73272    69751
     Export - Outside India    69074    71833    92804    99261
     Total    142346    141584    166076    169012
     Less : Excise Duty    5467    8447    5467    8447
2    Net Sales/Income from Operations    136879    133137    160609    160565
3    Other Operating Income    769    691    769    691
4    Total Income    137648    133828    161378    161256
5    Expenditure        
     a) Decrease / (Increase) in Stock in Trade and Work in Progress    (927)    1372    (448)    4086
     b) Consumption of Raw Materials    90515    86364    98880    92680
     c) Purchase / Cost of Sales of Traded Goods    252    385    4666    8137
     d) Employees Cost    5399    5113    10166    11202
     e) Depreciation / Amortisation    4857    3195    5841    5931
     f) Other Expenditure    21351   19127    27437    26718
     g) Total    121447   115556    146542    148754
6   Profit from Operations before Other Income, Interest & Exceptional Items    16201    18272    14836    12502
7   Other Income    401    452    426    692
8    Profit before Interest and Exceptional items    16602    18724    15262    13194
9    Interest and Other Finance Charges (Net)        
     a) Interest    1323    2646    1562    2776
     b) Other Finance Charges (See Note No.3(b))    284    4971    284    4971
     c) Total    1607    7671    1846    7747
10    Profit after Interest but before Exceptional Items    14995    11107    13416    5447
11   Exceptional Items
-
-
-
-
12   Profit from Ordinary Activities before Tax    14995    11107    13416    5447
13   Provision for Taxation        
     a) Current Tax (Net)    3816    2170    3817    2171
     b) Deferred Tax
    (88)    (138)    (88)    (138)
     c) Fringe Benefit Tax    12    47    12    47
     Total    3740    2079    3741    2080
14    Net Profit from Ordinary Activities after Tax    11255    9028    9675    3367
15    Extraordinary Item
-
-
-
-
16    Net Profit for the year    11255    9028    9675    3367
17    Paid-up Equity Share Capital ( Face Value Rs.10/- per Share)    2487    2487    2487     2487
18    Reserves excluding Revaluation Reserves as per Balance sheet    53278     43769     52152     44517 
19    Earnings Per Share - Basic and Diluted (Rs.) (Not Annualised)    45.25    36.30    38.90    13.54
20   Public Schareholding        
     - Number of Shares    6217986    6217986    6217986    6217986
     - Percentage of Shareholding    25.00    25.00    25.00    25.00
21   Promoters and promoter group Shareholding        
     a) Pledged / Encumbered        
       - Number of Shares    17534718      
       - Percentage of shares (as a % of the total shareholding of promoters and promoter group)    94.0      
       - Percentage of shares (as a % of the total share capital of the Company)    70.5      
     b) Non-encumbered        
       - Number of Shares    1119237      
       - Percentage of shares (as a % of the total shareholding of promoters and promoter group)    6.0      
       - Percentage of shares (as a % of the total share capital of the Company)    4.5      



SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE YEAR ENDED DECEMBER 31, 2009
(Rs.in Lakhs)   
Sr. No Particulars STANDALONE CONSOLIDATED
Year Ended Year Ended Year Ended Year Ended
31-12-2009 31-12-2008 31-12-2009 31-12-2008
(Audited) (Audited) (Audited) (Audited)
1    Segment Revenue        
     a) Inks & Intermediates    128205    125649    151925    153035
     b) Others Products & Services    10530    8978    10540    9020
     Total    138735    134627    162465    162055
     Less: Inter Segment Reveanue    1087    799    1087    799
     Net Sales/Income from Operations (including Other Operating Income)    137648    133828    161378    161256
2    Segment Results-Profit before Tax and Interest            
     a) Inks & Intermediates    14893    17748    13540    12199
     b) Others Products & Services    1713    877    1726    896
     Total    16606    18625    15266    13095
     Less: Interest and Other Finance Charges (Net)    1607    7617    1846    7747
     Other Unallocable Expenditure minus Unallocable Income    4    (99)    4    (99)
    Total  Profit before Tax    14995    11107    13416    5447
3    Capital Employed (Segment Assets - Segment Liabilities)            
     a) Inks & Intermediates    63282    76749    78233    91739
     b) Others Products & Services    1857    1758    1867    1783
     Add: Unallocated Net Assets    10220    5762    556    873
     Total Capital Employed    75359    84269    80656    94395
      *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 March 20, 2010.
(2)  The Board of Directors of the Company has recommended dividend of Rs.6 per equity share (60%) aggregating to Rs.1746 lakhs, including dividend distribution tax of Rs.254 lakhs, for the year ended December 31, 2009.
(3) Arising out of revaluation of foreign currency loans, interest and other finance charges for the year ended December 31, 2009, includes loss of Rs. 284 Lakhs (previous year Rs. 4971 Lakhs).
(4) During the last quarter, the Company has invested by way of subscription to Non-cumulative Redeemable Preferred Stocks aggregating Rs. 2851 Lakhs equivalent to USD 60 Lakhs in Hostmann-Steinberg Inc., USA.
(5)
During the last quarter, the Company has divested Micro Inks GmbH, Austria, in favour of Michael Huber Austria GesmbH, Austria, by transferring entire share capital at a total consideration Rs. 12 Lakhs.
(6)
MHM Holding GmbH, one of the promoters & major shareholder of the Company, under SEBI (Delisting of Equity Shares) Regulations, 2009 (the 'Regulations') accepted the discovered price of Rs. 640/- per share established by the Reverse Book Building process and as a result the promoters holding in the Company has increased to 92.5%. The Company has made final application on March 15, 2010 to the National Stock Exchange of India Ltd. and Bombay Stock Exchange Ltd. to voluntarily delist its equity shares under the Regulations.
(7)
There was no investor complaint pending at the beginning of the quarter. After resolving 4 complaints received during the quarter, no complaint was pending at the end of the quarter i.e. December 31, 2009.
(8)
The figures of the previous period / year have been regrouped wherever necessary.
   Place : Vapi
   Date : March 20, 2010		      For and on behalf of the Board
   Anjum Bilakhia             
   Chairman