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UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER ENDED 31ST MARCH, 2004
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SEGMENT
WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
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(UNDER CLAUSE 41 OF THE LISTING AGREEMENT)
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Rs. in Lacs |
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Rs.
in Lacs |
PARTICULARS |
QUARTER
ENDED
31ST MAR |
YEAR ENDED |
|
PARTICULARS |
QUARTER ENDED |
YEAR ENDED |
|
31ST DEC |
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|
31ST MAR |
31ST MAR |
31ST DEC |
|
2004 |
2003 |
2003 |
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|
2004 |
2003 |
2003 |
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|
(AUDITED) |
|
|
|
|
(AUDITED) |
Sales and Other
Operating Income |
10,665 |
12,136 |
87,039 |
|
1.Segment
Revenue |
|
|
|
Other Income |
213 |
173 |
1,165 |
|
a. Segment - CropProtection |
10,665 |
7,119 |
72,670 |
Total Income |
10,879 |
12,308 |
88,204 |
|
b.
Segment - Rubber |
- |
3,074 |
9,632 |
|
|
|
c. Others |
- |
2,919 |
4,737
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Total Expenditure |
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Total |
10,665 |
13,112 |
87,039 |
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|
Less: Inter segment revenue |
- |
- |
- |
a) Decrease/(Increase)
in Stock |
(1,141) |
938 |
3,067 |
|
- |
b) Consumption
of Raw Materials |
5,798 |
3,542 |
32,171 |
|
Sales And Other Operating Income |
10,665 |
13,112 |
87,039 |
c) Cost of
Traded Goods sold |
141 |
1,762 |
11,098 |
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d) Staff Cost |
1,603 |
1,445 |
6,532 |
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2. Segment Results |
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e) Other Expendiutre
(Net of Recoveries) |
3,664 |
2,480 |
22,524 |
|
a. Segment - CropProtection |
177 |
1,334 |
9,643 |
Total |
10,065 |
10,166 |
75,392 |
|
b.
Segment - Rubber |
- |
18 |
(54) |
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|
|
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c. Others |
- |
407 |
(19) |
Interest |
272 |
395 |
1,759 |
|
Total |
177 |
1,759 |
9,570 |
Depreciation |
637 |
383 |
2,955 |
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Add/ (Less): |
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I. Interest |
(272) |
(395) |
(1,759) |
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II. Other un-allocable income/ (expenses)
(net) |
-
|
- |
287 |
PROFIT / (LOSS)
FOR THE PERIOD BEFORE EXTRA-ORDINARY ITEMS |
(95) |
1,364 |
8,098 |
|
Total Profit/(Loss) Before Extra-Ordinary
Items |
(95) |
1,364 |
8,098 |
Less: Extra-Ordinary
Items |
45 |
- |
3,378 |
|
|
PROFIT/ (LOSS)
FOR THE PERIOD BEFORE TAXATION |
(140) |
1,364 |
4,720 |
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|
Provision For
Taxation |
- |
(627) |
(3,331) |
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3. Capital Employed |
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Provision For
Deferred Tax |
24 |
175 |
2,136 |
|
(Segment Assets - Segment Liabilities) |
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PROFIT/ (LOSS)
FOR THE PERIOD AFTER TAXATION |
(164) |
912 |
3,525 |
|
a. Segment - CropProtection |
24,033 |
10,736 |
27,468 |
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|
|
b.
Segment - Rubber |
- |
7143 |
- |
Paid up Equity
Share Capital |
3,950 |
1,622 |
3,950 |
|
c. Others |
- |
7,213 |
- |
Reserves &
Surplus |
|
|
20,247 |
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d. Unallocated Corporate |
- |
(804) |
- |
| Weighted Average Number of Equity
Shares |
39,498,747 |
1,622,000 |
39,498,747 |
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|
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|
Basic Earning
Per Share of Rs 100 / each. |
- |
56.23 |
- |
Total |
24,033 |
24,288 |
38,673 |
| Basic Earning Per Share of Rs
10 / each. |
(0.31) |
- |
18.17 |
|
[on the basis
of profits excluding extra-ordinary items (net of tax)] |
|
|
|
| Basic Earning Per Share of
Rs 100 / each. |
- |
56.23 |
- |
| Basic Earning Per Share of
Rs 10 / each. |
(0.41) |
- |
11.74 |
| [on the basis of profits including
extra-ordinary items (net of tax)] |
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Aggregate
of non-promoters shareholdings |
|
|
|
Number
of shares |
11,371,032 |
725,159 |
11,371,032 |
Percentage of shareholding
(%) |
28.79% |
44.71 |
28.79% |
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Notes:
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1. The above
results have been taken on record by the Board of Directors of the
Company at its meeting held on 28th April,2004.
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| 2.The statement has been approved
by the Board of Directors at their meeting held on 24th April, 2003 |
| 3.Extraordinary Items for the period
ended 31st March, 2004 represents voluntary retirement costs. |
4.Figures for the current quarter
of March, 2004 are not comparable with those of the corresponding previous
quarter of 2003 on account of the following :
a) Amalgamation of erstwhile Bayer Cropscience India Limited with effect
from 1st April, 2003.
b) Transfer of non-cropscience business to wholly owned subsidiary Bayer
Polychem (India) Limited with effect from 1st November, 2003.
c) Sale of Consumer Care division with effect from 1st June , 2003 .
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| 5.Consequent to the transfer of
Non-CropScience business to the wholly owned subsidiaryBayer Polychem
(India) Limited, the Company has only one segment in the current quarter
i.e " Crop-Protection." |
| 6.The status of Investor complaints
received and disposed off during the quarter ended 31st March ,2004 is: |
| Complaints pending at the beginning
of the quarter: |
Nil |
Complaints received
during the quarter : |
16 |
| Complaints lying unresolved at the
end of the quarter: |
16 |
| 7.Hitherto the Company has been
providing depreciation on all assets on straight line method ,at the rates
prescribed in Schedule XIV of the Companies' Act,1956. During year 2003
the Company has revised the useful life of the assets and hence depreciation for
the quarter has been provided at the rates which are higher than those
in the Schedule XIV of the Companies' Act,1956. |
| 8.The name of the Company has been
changed from Bayer (India) Limited to Bayer CropScience Limited with
effect from 5th April,2004. |
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9. Previous period's figures have been regrouped wherever
necessary. |
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By
Order of the Board
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By
Order of the Board
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Place: Mumbai |
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P.G.L.Dupont
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Place: Mumbai |
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P.G.L.Dupont
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Date : 28th April, 2004 |
Managing
Director
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Date : 28th April, 2004 |
Managing
Director
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