One of the Pioneer Industry in India

"Knowledge speaks, but wisdom listens."

 

30TH SEPT-2009 30TH JUNE-2009 31ST MARCH-2009 30TH SEPT-2008

 AUDITED FINANCIAL RESULTS  FOR THE YEAR ENDED 30TH SEPTEMBER, 2009

   Particulars  9months  3 months  Corresponding  Current Year  Previous Year
   ended  ended  3 months ended  Audited  Audited
   30.06.2009  30.09.2009  30.09.2008  30.09.2009  30.09.2008
       (Unaudited)  (Audited)  (Audited)  (Audited  (Audited)
    1  (a)  Net Sales ( Net of excise ) 6,994.40       1,998.25         1,519.76        8,992.65       7,150.89
   (b)  Other Operating Income 1.04              0.00              14.07               1.04          123.88
   Total Income        6,995.44       1,998.25         1,533.83        8,993.69       7,274.77
    2  Expenditures:          
   (a)  (Increase) / Decrease in stock in trade          
     & work in progress      77.93       1,302.63         1,081.48        1,380.56           (86.81)
   (b)  Consumption of Raw materials 3,745.30            49.29              37.94        3,794.59       4,092.24
   ©  Purchase of traded goods                   -                   -                     -                    -                    -  
   (d)  Employee  Cost           830.87          115.18            129.58           946.05          886.85
   (e)  Depreciation           403.00          182.68              91.15           585.68          439.15
   (f)  Other Expenditure        1,044.16          199.77            153.27        1,243.93       1,176.31
    Total Expenditure        6,101.26       1,849.55         1,493.42        7,950.81       6,507.74
    3  Profit (Loss) from operation before           
    Other Income ,Interest & Exceptional items            894.18          148.70              40.41        1,042.88          767.03
    4  Other Income             22.57          180.44              69.31           203.01            91.94
    5  Profit before Interest & Exceptional Items (3+4)           916.75          329.14            109.72        1,245.89          858.97
    6  Interest           697.17          252.19            124.40           949.36          715.34
    7  Profit (Loss) after Interest but before           
   Exceptional items (5-6)           219.58            76.95            (14.68)           296.53          143.63
    8  Exceptional Items                   -                   -                     -                    -                    -  
    9  Profit (Loss) from ordinary activities           
    before tax (7+8)           219.58            76.95            (14.68)           296.53          143.63
  10  Tax expenses               5.00            80.07            (47.68)             85.07           (41.18)
  11  Net Profit (Loss) from ordinary activities           
     after tax (9-10)  214.58            (3.12)              33.00           211.46          184.81
  12  Extra-ordinary items (Net of tax expenses Rs. )           -                   -                     -                    -                    -  
           
  13  Net profit (Loss) for the period (11-12)  214.58            (3.12)              33.00           211.46          184.81
  14  Paid-up Equity Share Capital          
     (Rs. 10/ per Share)           583.34          583.34            550.78           583.34          538.75
  15  Reserve excluding Revaluation Reserve              1,627.97       1,408.95
  16  Earning Per Share (EPS)- Basic & Diluted          
   (a)  Before Extraordinary items               3.68            (0.05)                0.61               3.82              3.75
   (b)  After Extraordinary items               3.68            (0.05)                0.61               3.82              3.75
           
  17  Public Shareholding           
      No. of Shares  2,607,862     2,612,862       2,476,849      2,612,862     2,476,849
   % of Shareholding         44.71            44.79              45.97             44.79            45.97
           
  18  Promoters & Promoter group shareholding          
   (a)  Pledged/Encumbered:-          
   -Number of Shares  989,000        989,000                   -      989,000.00                  -  
  -% of Shares ( as a % of the total shareholding           
   of promoter & promoter group) 30.66            30.71                   -               30.71                  -  
  - % of Shares ( as % of the total share capital          
         of the company) 16.95            16.95                   -               16.95                  -  
   (b)  Non-encumbered:-          
      -Number of Shares      2,236,543     2,231,543                   -        2,231,543                  -  
  - % of Shares ( as a % of the total shareholding           
   of promoters and promoters group) 69.34            69.29                   -               69.29                  -  
   - % of Shares ( as % of the total share capital          
    of the company) 38.34            38.25                   -               38.25                  -  
               
 

Quarterly Reporting of Segment -Wise Revenue , Results and Capital Employed , under Clause 41 of the Listing Agreement

 
 Particulars  9 months  3 months  Corresponding  Current Year  Previous Year
   ended  ended  3 months ended  Audited  Audited
   30.06.2009  30.09.2009  30.09.2008  30.09.2009  30.09.2008
   (Unaudited)  (Audited)  (Audited)  (Audited  (Audited)
 1.Segment Revenue (Net Sales)          
      a. Sugar Unit         6,278.09       1,399.60         1,251.59        7,677.69       5,471.50
      b. Distillery Unit           716.31          598.65            268.17        1,314.96       1,679.39
           Total        6,994.40       1,998.25         1,519.76        8,992.65       7,150.89
      Less: Inter-Segment Revenue   -  -  -                  -                    -  
  Net sales / Income from Operation        6,994.40       1,998.25         1,519.76        8,992.65       7,150.89
 2. Segment Results          
 Profit(+)/ Loss(-) before tax and           
 interest from each segment          
      a. Sugar Unit            651.77          406.44            249.04        1,058.21          481.74
      b. Distillery Unit           264.98          (77.30)          (139.31)           187.68          377.24
           Total           916.75          329.14            109.73        1,245.89          858.98
   Less: i. Interest           697.17          252.19            124.40           949.36          715.34
   ii. Other un-allocable expen-          
  -diture net of unallocable income  -  -  -                  -                    -  
  Total Profit/ (Loss) before tax           219.58            76.95            (14.67)           296.53          143.64
 3.  Capital Employed          
  (Segment Assest- Segment Liabilities)          
  a. Sugar Unit        8,488.75       8,401.27         8,486.34        8,401.27       8,486.34
  b. Distillery Unit        4,577.62       3,862.24         3,899.86        3,862.24       3,899.86
  c. Unallocated           356.17          319.96            356.17           319.96          356.17
           Total      13,422.54     12,583.48       12,742.37      12,583.48     12,742.37
           

NOTES                

(1)   Due to lower availability of sugarcane for season 2008-09, the factory could not utilize its increased capacity to its full potential and thus cost of production increased. Due to lower availability of Molasses the production and sales in Distillery were lower and the cost of molasses also increased. These factors led to increased cost of production and lower profitability.   Due to charging of borrowed funds for expansion on its completion as revenue expenditure, the interest expenditure was on higher side.   

(2)   The Board of Directors has recommended a Dividend of Rs.1.00 (10%) per Equity Share of Re.10/- each for the year ended 30th September, 2009.

(3)   Sugar being seasonal industry the last quarter result were of totally off-season. Thus above last quarter result can not be construed as indicator of overall annual operation or result of forthcoming quarter. 

(4)   The sugar factory have started crushing for the season 2009-10 from 6th December, 2009.

(5)   Previous periods figures have been rearranged/regrouped/recasted wherever necessary.

(6)   Auditor observation on the account for the year ended 30th September,2009 and management clarification thereon stand.

(7)   The Company has allotted 8,05,000 convertible warrants of Re.10/- each at a price of Rs.37.25 per warrant (including a premium of Rs.27.25) on 4th December, 2009 to the Promoter Group and to others on preferential basis as per SEBI guidelines. The company has received 25% of warrant issue as non-refundable application money amounting to Rs.74.96 Lacs. The entire proceeds from such private placements has been utilized for strengthening the financial parameters of the Company. 

(8)   Information on Investors Complaints for the Quarter – (Nos.): Opening balance – 0, New – 02, Disposal – 02, Closing Balance – Nil.

(9)   The above results were approved by the Board of Directors of the Company at their meeting held on 30th December, 2009.

                                                                           For and on behalf of the Board                                                

                                                                                    

Place  : Kolkata                                                                        O.P.DHANUKA

Dated : 30.12.2009                                     CHAIRMAN & MANAGING DIRECTOR

 

JUNE-2009
     Particulars      Third Quarter ended   Year to date figures for the   Previous  
                    For 9 months     Accounting 
       30.06.2009   30.06.2008   30.06.2009   30.06.2008    Year 30.09.2008 
       (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)   (Audited) 
       1  (a)   Net Sales ( Net of excise )        2,688.85         1,368.59         6,994.40       5,631.13               7,150.89
   (b)   Other Operating Income                    -                 27.66                 1.04          116.61                  123.88
     Total Income        2,688.85         1,396.25         6,995.44       5,747.74               7,274.77
       2    Expenditures:           
   (a)   (Increase) / Decrease in stock in trade           
       & work in progress        1,964.73             627.01               77.93     (1,168.29)                   (86.81)
   (b)   Consumption of Raw materials           145.34             159.24         3,745.30       4,054.30               4,092.24
   ©   Purchase of traded goods                    -                        -                        -                     -                             -  
   (d)   Employee  Cost             78.34               81.02            830.87          757.27                  886.85
   (e)   Depreciation           130.00             116.00            403.00          348.00                  439.15
   (f)   Other Expenditure           152.62             162.54         1,044.16       1,023.04               1,176.31
      Total Expenditure        2,471.03         1,145.81         6,101.26       5,014.32               6,507.74
       3    Profit (Loss) from operation before            
       Other Income ,Interest & Exceptional items            217.82             250.44            894.18          733.42                  767.03
       4    Other Income                0.95                 2.82               22.57            15.83                    91.94
       5    Profit before Interest & Exceptional Items (3+4)           218.77             253.26            916.75          749.25                  858.97
       6    Interest           156.17             221.40            697.17          590.94                  715.34
       7    Profit (Loss) after Interest but before            
        Exceptional items (5-6)             62.60               31.86            219.58          158.31                  143.63
       8    Exceptional Items                    -                        -                        -                     -                             -  
       9    Profit (Loss) from ordinary activities            
      before tax (7+8)             62.60               31.86            219.58          158.31                  143.63
     10    Tax expenses                    -                   2.50                 5.00               6.50                   (41.18)
     11    Net Profit (Loss) from ordinary activities            
       after tax (9-10)             62.60               29.36            214.58          151.81                  184.81
     12    Extra-ordinary items (Net of tax expenses Rs. )                    -                        -                        -                     -                             -  
     13    Net profit (Loss) for the period (11-12)             62.60               29.36            214.58          151.81                  184.81
     14    Paid-up Equity Share Capital           
       (Rs. 10/ per Share)           583.34             490.75            583.34          490.75                  538.75
     15    Reserve excluding Revaluation Reserve                        1,408.95
     16    Earning Per Share (EPS)- Basic & Diluted           
   (a)   Before Extraordinary items                1.07                 0.60                 3.68               3.09                       3.75
   (b)   After Extraordinary items                1.07                 0.60                 3.68               3.09                       3.75
     17    Public Shareholding           
        No. of Shares     2,607,862       2,236,849                      -                     -              2,476,849
     % of Shareholding             44.71               45.58                      -                     -                      45.97
     18    Promoters & Promoter group shareholding           
   (a)   Pledged/Encumbered:-           
       -Number of Shares         989,000        
        -% of Shares ( as a % of the total shareholding            
                of promoter & promoter group)             30.66        
        - % of Shares ( as % of the total share capital           
           of the company)             16.95        
   (b)   Non-encumbered:-           
        -Number of Shares     2,236,543        
        - % of Shares ( as a % of the total shareholding            
            of promoters and promoters group)             69.34        
        - % of Shares ( as % of the total share capital           
           of the company)             38.34        
               
 Quarterly Reporting of Segment -Wise Revenue , Results and Capital Employed , under Clause 41 of the Listing Agreement 
           ( Rs. in Lac ) 
 Particulars      Third Quarter ended   Year to date figures for the   Previous  
                For 9 months     Accounting 
   30.06.2009   30.06.2008   30.06.2009   30.06.2008    Year 30.09.2008 
   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)   (Audited) 
 1.Segment Revenue (Net Sales)           
           
      a. Sugar Unit         2,245.44         1,109.42         6,278.09       4,219.91               5,471.50
      b. Distillery Unit           443.41             259.17            716.31       1,411.22               1,679.39
           Total        2,688.85         1,368.59         6,994.40       5,631.13               7,150.89
      Less: Inter-Segment Revenue    -   -   -                    -                             -  
  Net sales / Income from Operation        2,688.85         1,368.59         6,994.40       5,631.13               7,150.89
           
 2. Segment Results           
 Profit(+)/ Loss(-) before tax and            
 interest from each segment           
           
      a. Sugar Unit            154.39             142.62            651.77          232.70                  481.74
      b. Distillery Unit             64.38             110.64            264.98          516.55                  377.24
           Total           218.77             253.26            916.75          749.25                  858.98
   Less: i. Interest           156.17             221.40            697.17          590.94                  715.34
   ii. Other un-allocable expen-           
  -diture net of unallocable income   -   -   -                    -                             -  
           
  Total Profit/ (Loss) before tax             62.60               31.86            219.58          158.31                  143.64
           
 3.  Capital Employed           
  (Segment Assest- Segment Liabilities)           
           
  a. Sugar Unit        8,488.75         9,119.12         8,488.75       9,119.12               8,486.34
  b. Distillery Unit        4,577.62         4,044.28         4,577.62       4,044.28               3,899.86
  c. Unallocated           356.17             288.17            356.17          288.17                  356.17
           Total     13,422.54       13,451.57       13,422.54    13,451.57            12,742.37
           
     For and on behalf of  the Board 
         
   Kolkata       O. P.           DHANUKA   
   Dated: 31.07.2009       Chairman & Managing Director 

 

NOTES                

(1)   Due to lower availability of sugarcane for season 2008-09, the factory could not utilize its increased capacity to its full potential and thus cost of production increased. Charging of borrowed funds for expansion as revenue expenditure the interest expenditure was also higher.   

(2)   The sales realization of Sugar and Distillery for the quarter under review was better than previous quarter with further reasonable upward movement of price due to lower sugar production throughout India in current season. Due to lower availability of Molasses the production and sales in Distillery were lower, the cost of molasses also increased, these factors led to increased cost of production and lower profitability.   

(3)   The company utilized the entire proceeds of Rs.108.35 Lacs from conversion of warrants during the quarter for its intended purpose of utilizing own fund toward margin money requirement  for Bank loans. 

(4)   Provision for deferred tax, if any, will be made at the end of financial year.

(5)   Previous periods figures have been rearranged/regrouped/recasted wherever necessary.

(6)   Auditor observation on the account for the year ended 30th September,2009 and management clarification thereon stand.

(7)   Information on Investors Complaints for the Quarter – (Nos.): Opening balance – 0, New – 0, Disposal – 0, Closing Balance – Nil.

The above results were approved by the Board of Directors of the Company at their meeting held

 

                                                                                    For and on behalf of the Board

Place  : Kolkata                                                                        O.P.DHANUKA

Dated : 31.07.2009                                                  CHAIRMAN & MANAGING DIRECTOR

 

MARCH, 2009

UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR SECOND QUARTER ENDED 31ST MARCH, 2009

                                                                                                                                                                                                  ( Rs. in lacs)

       31.03.2009   31.03.2008   31.03.2009   31.03.2008    Year 30.09.2008