| AUDITED
FINANCIAL RESULTS FOR THE YEAR ENDED 31st DECEMBER, 2005 |
Rs. in Lacs |
| PARTICULARS |
NINE MONTH
ENDED
30TH SEPTEMBER
2005 |
QUARTER
ENDED
31ST
DECEMBER |
YEAR
ENDED
31ST
DECEMBER |
| |
|
2005 |
2004 |
2005
(AUDITED) |
2004
(AUDITED) |
| Sales (Net of Excise Duty) and Other Operating
Income |
46,468 |
21,450 |
21,416 |
67,918 |
66,960 |
| Other Income |
2,944 |
970 |
1,382 |
3,914 |
2,617 |
| Total Income |
49,412 |
22,420 |
22,798 |
71,832 |
69,577 |
| Expenditure
|
| a)(Increase)/Decrease in Stock |
(2,244) |
2,881 |
2,408 |
637 |
(1,636) |
| (b) Consumption of Raw Materials |
24,081 |
7,779 |
9,021 |
31,860 |
31,546 |
| (c) Cost of Traded Goods sold |
2,609 |
2,493 |
1,927 |
5,102 |
6,337 |
| (d) Employee Cost |
4,390 |
1,331 |
1,868 |
5,721 |
6,581 |
| (e) Other Expenditure (Net of Recoveries) |
12,858 |
4,492 |
6,442 |
17,350 |
17,898 |
Total Expenditure |
41,694 |
18,976 |
21,666 |
60,670 |
60,726 |
| Interest |
522 |
222 |
351 |
744 |
1,116 |
| Depreciation |
1,681 |
577 |
724 |
2,258 |
2,602 |
PROFIT BEFORE PRIOR PERIOD, EXTRA -
ORDINARY ITEMS AND TAXATION |
5,515 |
2,645 |
57 |
8,160 |
5,133 |
| Add/(Less): Prior Period Items |
- |
- |
104 |
- |
187 |
| Add/(Less): Exceptional Items |
(691) |
- |
(35) |
(691) |
(80) |
| PROFIT FOR THE PERIOD BEFORE TAXATION |
4,824 |
2,645 |
126 |
7,469 |
5,240 |
| Add/(Less): Provision For Current Tax |
(1,540) |
(1,419) |
(680) |
(2,959) |
(2,310) |
| Add/(Less): Provision For Deferred Tax |
(207) |
(295) |
(239) |
(502) |
(294) |
| Add/(Less): Provision For Fringe Benefit Tax |
(117) |
(176) |
- |
(293) |
- |
| PROFIT FOR THE PERIOD AFTER TAXATION |
2,960 |
755 |
(793) |
3,715 |
2,636 |
| Paid up Equity Share Capital |
3,950 |
3,950 |
3,950 |
3,950 |
3,950 |
| Reserves & Surplus |
|
|
|
24,617 |
21,893 |
| Weighted Average Number of Equity Shares |
39,498,747 |
39,498,747 |
39,498,747 |
39,498,747 |
39,498,747 |
Earnings Per Share before Prior Period
and Extraordinary Item after Taxation- Basic
and Diluted (Net of Tax) |
8.65 |
1.91 |
(2.12) |
10.57 |
6.48 |
| |
Earnings Per Share after Prior Period
and Extraordinary Item after Taxation- Basic
and Diluted (Net of Tax) |
7.49 |
1.91 |
(2.01) |
9.40 |
6.67 |
Aggregate of non-promoters
shareholdings |
- |
- |
- |
- |
- |
| Number of shares |
11,412,085 |
11,412,085 |
11,412,032 |
11,412,085 |
11,412,032 |
| Percentage of shareholding (%) |
28.89 |
28.89 |
28.89 |
28.89 |
28.89 |
Notes:
1.The above results have been reviewed and recommended by the Audit
Committee and approved by the Board of Directors at its meeting held
on
23rd March, 2006.
2. The Board of Directors has recommended a dividend of 22% for the
year ended 31st December, 2005 (Previous Year 22%) amounting to Rs.
869 Lacs.
Dividend per share is Rs. 2.20 for 39,498,747 Equity shares of Rs. 10
each.
3.Exceptional items for the year ended 31st December, 2005 represent
Voluntary Retirement Costs.
4. The status of matters commented upon by the auditors for the year
ended 31st December, 2004 is given below:
a. Approval has been received from the Central Government under Section
297 of the Companies Act, 1956, in respect of transactions aggregating
Rs. 500.41 Lacs entered into with a private limted company in which
two directors of the company were common directors.
b. Approval has been received from the Central Government in respect
of excess remuneration aggregating Rs. 30.31 Lacs paid to the directors
in
the year 2000.
5. The Company has only one reportable business segment, i.e. “Pesticides”.
6.The status of Investor complaints received and disposed off during
the quarter ended 31st December, 2005 is as follows:
| Complaints pending at the beginning of the quarter |
0 |
| Complaints received during the quarter |
2 |
| Complaints attended during the quarter |
2 |
| Complaints lying unresolved at the end of the quarter |
0 |
7. (Increase)/ Decrease in stock/consumption
of raw materials/cost of traded goods sold for the year ended 31st December,
2005 include Rs. 494 Lacs on
account of write-offs/write-downs in the carrying values of inventory.
Write-offs/write-downs in the carrying values of inventory for the year
ended
31st December, 2004 was Rs. 1,930 Lacs.
8. Provision for Current tax and Deferred tax for the year ended 31st
December, 2005, includes charge pertaining to earlier years Rs. 827
Lacs and
Rs. 33 Lacs respectively.
9 . Previous Period’s figures have been regrouped wherever necessary.
| AUDITED
FINANCIAL RESULTS FOR THE YEAR ENDED 31st DECEMBER, 2005 (CONSOLIDATED) |
Rs.
in Lacs |
| PARTICULARS |
NINE MONTH
ENDED
30TH SEPTEMBER
2005 |
QUARTER
ENDED
31ST
DECEMBER |
YEAR
ENDED
31ST
DECEMBER |
| |
|
2005 |
2004 |
2005
(AUDITED) |
2004
(AUDITED) |
| Sales (Net of Excise Duty) and Other
Operating Income |
47,054 |
21,601 |
21,399 |
68,655 |
75,171 |
| Other Income |
2,963 |
976 |
1,383 |
3,939 |
2,635 |
| Total Income |
50,017 |
22,577 |
22,782 |
72,594 |
77,806 |
| Expenditure
|
| a)(Increase)/Decrease in Stock |
(2,220) |
2,830 |
2,301 |
610 |
(1,740) |
| (b) Consumption of Raw Materials |
24,400 |
7,899 |
9,049 |
32,299 |
34,787 |
| (c) Cost of Traded Goods sold |
2,637 |
2,498 |
1,932 |
5,135 |
8,755 |
| (d) Employee Cost |
4,533 |
1,364 |
1,881 |
5,897 |
7,252 |
| (e) Other Expenditure (Net of Recoveries) |
12,737 |
4,467 |
6,333 |
17,204 |
19,120 |
Total Expenditure |
42,087 |
19,058 |
21,496 |
61,145 |
68,174 |
| Interest |
533 |
226 |
369 |
759 |
1,140 |
| Depreciation |
1,736 |
594 |
742 |
2,330 |
2,840 |
PROFIT BEFORE PRIOR PERIOD, EXTRA -
ORDINARY ITEMS AND TAXATION |
5,661 |
2,699 |
175 |
8,360 |
5,652 |
| Add/(Less): Prior Period Items |
- |
- |
104 |
- |
187 |
| Add/(Less): Exceptional Items |
(691) |
- |
273 |
(691) |
228 |
| PROFIT FOR THE PERIOD BEFORE TAXATION |
4,970 |
2,699 |
552 |
7,669 |
6,067 |
| Add/(Less): Provision For Current
Tax |
(1,581) |
(1,451) |
(983) |
(3,032) |
(2,845) |
| Add/(Less): Provision For Deferred Tax |
(214) |
(292) |
111 |
(506) |
(77) |
| Add/(Less): Provision For Fringe Benefit Tax |
(119) |
(177) |
- |
(296) |
- |
| PROFIT FOR THE PERIOD AFTER TAXATION |
3,056 |
779 |
(320) |
3,835 |
3,145 |
| Paid up Equity Share Capital |
3,950 |
3,950 |
3,950 |
3,950 |
3,950 |
| Reserves & Surplus |
|
|
|
24,617 |
21,893 |
| Weighted Average Number of Equity Shares |
39,498,747 |
39,498,747 |
39,498,747 |
39,498,747 |
39,498,747 |
Earnings Per Share before Prior Period
and Extraordinary Item after Taxation- Basic
and Diluted (Net of Tax) |
8.90 |
1.97 |
(1.03) |
10.87 |
7.66 |
| |
Earnings Per Share after Prior Period
and Extraordinary Item after Taxation- Basic
and Diluted (Net of Tax) |
7.74 |
1.97 |
(0.81) |
9.71 |
7.96 |
Aggregate of non-promoters
shareholdings |
- |
- |
- |
- |
- |
| Number of shares |
11,412,085 |
11,412,085 |
11,412,032 |
11,412,085 |
11,412,032 |
| Percentage of shareholding (%) |
28.89 |
28.89 |
28.89 |
28.89 |
28.89 |
|
Place: Mumbai
Date: 23rd March, 2006..
|
|
By Order of the Board
S. Gerlich
Managing Director
|
|
|
