AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED ON 31ST MARCH, 2006
(Rs.in crores)
Unaudited ResultsThree Months ended on Audited ResultsTwelve Months ended on
Sr.No. Particulars
31.03.06 31.03.05 31.03.06 31.03.05
1 Gross Sales 81.03 93.33 293.82 319.64
  Less: Excise Duty 5.14 7.36 30.47 33.33
  Net Sales 75.89 85.97 263.35 286.31
2 Other Income 0.99 2.16 5.75 5.62
3 Total Income 76.88 88.13 269.10 291.93
4 Total Expenditure        
  a) (Increase) / Decrease in Stock(s) 3.67 14.82 (6.54) 0.80
  b) Consumption of Raw Materials 56.85 54.91 214.90 199.54
  c) Staff Cost 2.18 1.95 9.18 7.80
  e) Other Expenditures 13.02 10.90 50.09 47.45
  Total Expenditure 75.72 82.58 267.63 255.59
5 Profit Before Interest & Dep. (3-4) 1.16 5.55 1.47 36.34
6 Interest 1.98 1.93 7.22 7.72
7 Depreciation 2.66 2.65 10.63 10.56
8 Profit / (Loss) Before Tax (5-6-7) (3.48) 0.97 (16.38) 18.06
9 Extraordinary Items 0.00 19.78 0.00 20.55
10 Provision for Taxation 0.09 0.00 0.25 0.01
11 Net Profit / (Loss) (8+9-10) (3.57) 20.75 (16.63) 38.60
12 Paid Up Equity Share Capital 71.14 63.49 71.14 63.49
  (Face value Rs. 10/- per share)        
13 Reserve ( Excluding Revaluation Reserve) -- -- -- -
14 Earning Per Share (Rs.)-Basic & Diluted        
  (excluding extra-ordinary items)        
  Basic (0.62) 0.15 (2.88) 3.16
  Diluted (0.62) 0.14 (2.88) 2.64
15 Aggreegate of Non-Promoter Shareholdings;        
  - Number of Shares 30417546 33362686 30417546 33362686
  - Percentage of Shareholding 42.76 52.55 42.76 52.55

Notes:

  1. On account of increase in crude oil prices, the raw material prices moved up sharply, whereas selling prices remained depressed because
    of sluggish domestic/international demand, resulted in lower turnover and loss.
  2. The company has allotted 1,40,00,000 Equity Share Capital of Rs.10 each to the promoters on preferential allotment basis pursuant to CDR
    Scheme .The funds have been utilised for working capital requirements of the company.
  3. The Company has reduced (derated) Equity Share Capital by 10% after obtaining Hon'ble Allahabad High Court's apprpval , new shares
    have been allotted on 07.03.06.
  4. The Net Deferred Tax Assets of Rs.21.71 Crores as on 31.03.2006 has not been recognised in view of uncertinity of its realisation as
    recommended under Accounting Standard - 22 on 'Deferred Taxation" issued by Institute of Chartered Accountants of India.
  5. During the quarter 40 investor complaints were received, which were attended by the company. No investor complaints were pending either at the beginning or at the end of the quarter.
  6. Figures have been regrouped wherever considered necessary.
  7. These results have been taken on record by the Board of Directors at meeting held at 29th June, 2006.
On Behalf Of Board of Directors
Dated:29th June, 2006
Place: New Delhi
Vineet Jain
Managing Director

 

Multi Dimentional Product

Company Profile

 Global Market Place World - Class Technology

Focus on Human Resources

Corporate Commitment

 Hydrolon Micro Denier

Raw Materials

Characteristics

 R & D Pollution Free HRD Technology Upgradation

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