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GREENPLY INDUSTRIES LIMITED
Regd. Office: Makum Road, Tinsukia, Assam |
| AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2008 |
(Rs. in lacs)
| Sl. No. |
Particulars |
STANDALONE FINANCIALS |
CONSOLIDATED FINANCIALS |
| Nine Months ended 31.12.2007 (Unaudited) |
Quarter ended 31.03.2008 (Unaudited) |
Quarter ended 31.03.2007 (Unaudited) |
Year
ended 31.03.2008 (Audited) |
Year
ended 31.03.2007 (Audited) |
Year
ended 31.03.2008 (Audited) |
Year
ended 31.03.2007 (Audited) |
| 1 |
Net Sales/Income from Operations |
|
|
|
|
|
|
|
| |
Gross Sales |
45798.62 |
17387.22 |
13131.40 |
63185.84 |
46952.46 |
67927.73 |
48089.42 |
| |
Less: Excise Duty on Sales |
2993.75 |
949.03 |
985.84 |
3942.78 |
4029.84 |
3988.36 |
4029.84 |
| |
Less: VAT / Sales Tax & Turnover
Tax |
3722.36 |
1341.25 |
1084.65 |
5063.61 |
3702.67 |
5097.34 |
3702.67 |
| |
Net Sales/Income from Operations |
39082.51 |
15096.94 |
11060.91 |
54179.45 |
39219.95 |
58842.03 |
40356.91 |
| 2 |
Other Income |
430.68 |
(288.83) |
18.29 |
141.85 |
83.07 |
152.91 |
83.77 |
| 3 |
Total Income |
39513.19 |
14808.11 |
11079.20 |
54321.30 |
39303.02 |
58994.94 |
40440.68 |
| 4 |
Expenditure |
|
|
|
|
|
|
|
| |
a)(increase)
/decrease in
stock in
trade
& Work in progress |
(630.10) |
(991.75) |
(616.09) |
(1621.85) |
(1338.57) |
(1820.96) |
(1338.05) |
| |
b)Consumption
of Raw materials |
22215.42 |
9221.61 |
6765.89 |
31437.03 |
24919.59 |
31843.47 |
24919.59 |
| |
c)Purchase
of Finished Goods |
952.82 |
661.61 |
104.34 |
1614.43 |
181.64 |
5444.51 |
1199.41 |
| |
d)Staff Cost |
2823.34 |
1119.67 |
903.15 |
3943.01 |
2912.91 |
4185.13 |
2981.21 |
| |
e) Depreciation |
980.57 |
334.93 |
268.62 |
1315.50 |
864.83 |
1329.65 |
867.73 |
| |
f)Administrative &
Selling
Expenses |
5967.17 |
2316.35 |
1877.84 |
8283.52 |
5815.08 |
8464.26 |
5852.92 |
| |
g)Other
Expenditure |
1808.08 |
715.14 |
705.94 |
2523.22 |
2115.86 |
2676.80 |
2115.86 |
| 5 |
Interest |
1374.86 |
437.02 |
289.63 |
1811.88 |
1174.79 |
1824.60 |
1178.26 |
| 6 |
Exceptional Items |
- |
- |
- |
- |
- |
- |
- |
| 7 |
Profit(+)/Loss(-)
from ordinary
activities before tax |
4021.03 |
993.53 |
779.88 |
5014.56 |
2656.89 |
5047.48 |
2663.75 |
| 8 |
Tax Expenses |
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| |
for Current |
(658.07) |
92.07 |
(70.00) |
(566.00) |
(270.00) |
(571.24) |
(270.00) |
| |
for Deferred |
(326.74) |
(321.35) |
(29.39) |
(648.09) |
(92.59) |
(648.09) |
(92.59) |
| |
for Fringe Benefits Tax |
(30.00) |
(17.50) |
(9.00) |
(47.50) |
(33.00) |
(47.50) |
(33.00) |
| |
for Earlier year |
- |
- |
- |
- |
(8.98) |
0.00 |
(8.98) |
| |
for MAT Credit |
- |
120.45 |
- |
120.45 |
- |
120.45 |
- |
| 9 |
Net Profit(+)/Loss(-) from ordinary
activities after tax |
3006.22 |
867.20 |
671.49 |
3873.42 |
2252.32 |
3901.10 |
2259.18 |
| 10 |
Extraordinary items(net of tax
expenses) |
- |
- |
- |
- |
- |
- |
- |
| 11 |
Net Profit (+)/Loss(-) for the period |
3006.22 |
867.20 |
671.49 |
3873.42 |
2252.32 |
3901.10 |
2259.18 |
| 12 |
Paid Up Equity Share Capital (Face value
Rs.5/- per share) |
849.87 |
849.87 |
822.62 |
849.87 |
822.62 |
849.87 |
822.62 |
| 13 |
Reserves excluding Revaluation Reserves |
- |
- |
- |
13847.76 |
9874.67 |
0.00 |
9881.53 |
| 14 |
a) EPS (Rs.) before Extraordinary
items: |
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| |
Basic |
17.69* |
4.78* |
4.57* |
22.47 |
14.18 |
22.63 |
14.23 |
| |
Diluted |
17.69* |
4.78* |
4.50* |
22.47 |
13.80 |
22.63 |
13.85 |
| |
b) EPS (Rs.) after Extraordinary items: |
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| |
Basic |
17.69* |
4.78* |
4.57* |
22.47 |
14.18 |
22.63 |
14.23 |
| |
Diluted |
17.69* |
4.78* |
4.50* |
22.47 |
13.80 |
22.63 |
13.85 |
| 15 |
Public Shareholding |
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| |
Number of Shares |
7662800 |
7662800 |
7662800 |
7662800 |
7662800 |
7662800 |
7662800 |
| |
Percentage
of Shareholding |
45.08 |
45.08 |
46.58 |
45.08 |
46.58 |
45.08 |
46.58 |
| 16 |
Dividend
Recommended/
Declared/Paid |
30% |
|
- |
60% |
50% |
60% |
50% |
|
| *not annualised |
- The above results have been reviewed by the
Audit Committee and taken on record by the Board
of Directors of the Company at its meeting held
on 18th June,2008.
- During the year the Company has paid an
interim dividend of Rs. 1.50 per share (30%) on
equity shares capital of Rs.829.87 lacs.
- The Board of Directors has recommended an
additional final dividend of Rs.1.50 per
share(30% ) on equity share capital of Rs.
849.87 lacs subject to approval of shareholders.
- The previous periods figures have been
regrouped and reclassified wherever necessary.
- The status of investor complaints received
and disposed off during the quarter ended 31st
March, 2008 is as under : Complaints pending at
the beginning of the quarter is Nil; received
during the quarter is Nil; disposal of
complaints is N.A.; and Complaints lying
un-resolved at the end of the quarter is N.A
- The consolidated financials for the year
ended on 31.03.2007 comprise the financial
results of Greenply Industries Limited and its
wholly owned subsidiary i.e. Greenlam Asia
Pacific Pte. Ltd. (erstwhile: GIL
Intercontinental Pte. Ltd.). The figures of the
said wholly owned subsidiary comprised the
working results of the subsidiary from 17th
October, 2006 (date of acquisition) to 31st
March, 2007.
- The consolidated financials for the year
ended on 31.03.2008 comprise the financial
results of Greenply Industries Limited and its
wholly owned subsidiaries.
The consolidated
financials comprise the financial results of
Galaxy Décor Pvt. Ltd. and Platinum Veneers Pvt.
Ltd from 1st November, 2007 (date of
acquisition) to 31st March, 2008 and also the
financial results of the Greenlam Asia Pacific
Pte. Ltd. for the financial year from 01.04.2007
to 31.03.2008.
- The Company has incorporated a Wholly Owned
Subsidiary Company in the name of Greenlam
America, INC. in the State of Florida (U.S.A.)
on 23rd April, 2008.
The said wholly owned
subsidiary company is engaged in the marketing
of Laminates manufactured by the Company.
- The Scheme of Amalgamation of Galaxy Décor
Private Ltd. and Platinum Veneers Pvt. Ltd. with
the company is under approval from the concerned
authorities.
- The Company is setting-up a MDF
manufacturing line at the Company's existing
unit situated at IIE, Pantnagar, Uttarakhand and
also a new Laminate unit at Nalagarh in Himachal
Pradesh.
- EPS-Diluted for the quarter ended on
31.03.2007 and year ended on 31.03.2007 included
convertible warrants, which has since been
converted into equity shares.
- The auditors of the company in the report
for the year ended March 31, 2008 have repeated
their qualified opinion regarding the accounting
treatment in respect of export incentive
benefits amounting to Rs. 186.19 lacs. The
company has been following this practise since
past several years.
- The Company raised a sum of Rs. 3501.51 lacs
during the year ended 31.03.2007 by way of
preferential allotment of equity shares and
convertible warrants and further sum of Rs.
559.17 lacs during this year upon conversion of
convertible warrants no. 1 and 2 in to equity
shares. The total of sums being Rs. 4122.18 lacs
(including income of Rs. 61.50 lacs earned by
way of part investment of said issue proceeds in
FDR and Mutual Funds from time to time). The
total issue proceeds has been utilised towards
the objects of the preferential issue. As
required by the Listing Agreement the details of
the utilisation thereof is furnished
hereunder
| Particulars |
Amount(Rs./lacs) |
| Redemption of all 6% Cumulative
Redeemable Preference Shares |
1001.47 |
| Capital Expenditure |
1756.88 |
| Working Capital |
1363.83 |
| Total |
4122.18 |
By order of the Board
S P
Mittal
Executive Chairman
Place: Kolkata
Dated: 19th
June,2008 |
| |
GREENPLY INDUSTRIES LIMITED
Regd. Office : Makum Road, Tinsukia, Assam |
| Segmentwise Revenue, Results and Capital Employed |
| Particulars |
STANDALONE FINANCIALS |
CONSOLIDATED FINANCIALS |
| Nine months ended 31.12.2007 (Unaudited) |
Quarter ended 31.03.2008 (Unaudited) |
Quarter ended 31.03.2007 (Unaudited) |
Year ended 31.03.2008 (Audited) |
Year ended 31.03.2007 (Audited) |
Year ended 31.03.2008 (Audited) |
Year ended 31.03.2007 (Audited) |
| Segment Revenue |
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| a)Plywood & Allied Products |
24512.37 |
10177.41 |
6754.01 |
34689.78 |
22465.48 |
39282.70 |
23550.15 |
| b)Laminates & Allied Products |
21687.88 |
6917.24 |
6403.30 |
28605.12 |
24546.87 |
28765.15 |
24599.16 |
| Total |
46200.25 |
17094.65 |
13157.31 |
63294.90 |
47012.35 |
68047.85 |
48149.31 |
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| Less: Inter Segment Revenue |
1026.05 |
274.53 |
211.18 |
1300.58 |
1233.77 |
1668.78 |
1233.77 |
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| Gross Sales/Income From Operation |
45174.20 |
16820.12 |
12946.13 |
61994.32 |
45778.58 |
66379.07 |
46915.54 |
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| Segment Result |
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| a)Plywood & Allied Products |
4793.93 |
2044.66 |
815.74 |
6838.59 |
2923.51 |
7125.27 |
3140.64 |
| b)Laminates & Allied Products |
3784.99 |
1748.81 |
1087.89 |
5533.80 |
2741.73 |
5729.75 |
3028.50 |
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| Total |
8578.92 |
3793.47 |
1903.63 |
12372.39 |
5665.24 |
12855.02 |
6169.14 |
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| Less:Interest (Net) |
1374.86 |
437.02 |
289.63 |
1811.88 |
1174.79 |
1824.60 |
1178.26 |
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| Other Unallocable expenditure net
of |
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| unallocable income |
3183.03 |
2362.92 |
834.12 |
5545.95 |
1833.56 |
5982.94 |
2327.13 |
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| Total Profit before Tax |
4021.03 |
993.53 |
779.88 |
5014.56 |
2656.89 |
5047.48 |
2663.75 |
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| Capital employed |
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| a)Plywood & Allied Products |
19380.41 |
20346.01 |
16674.72 |
20346.01 |
16674.72 |
20346.01 |
16674.72 |
| b)Laminates & Allied Products |
9116.45 |
9789.54 |
7709.86 |
9789.54 |
7709.86 |
10208.22 |
7907.38 |
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| Total |
28496.86 |
30135.55 |
24384.58 |
30135.55 |
24384.58 |
30554.23 |
24582.10 |
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Note: The above results have been reviewed by the Audit Committee and taken on record by the Board of Directors of the Company at its meeting held on 4th June,2007.
By order of the Board
S P
Mittal
Executive Chairman
Place: Kolkata
Dated: 19th
June,2008 |
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