Jai Corp Limited
UNAUDITED STANDALONE FINANCIAL
RESULTS
FOR THE QUARTER ENDED 30th
SEPTEMBER, 2009 |
(Rs.
In Lacs Except Per Share
Data) |
| S.No |
Particulars |
Unaudited
3 Months Ended |
Unaudited
6 Months Ended |
Audited
Year Ended |
| |
|
30.09.2009 |
30.09.2008 |
30.09.2009 |
30.09.2008 |
31.03.2009 |
| 1 |
a) Net Sales/Income from
Operations |
9,127
|
12,066
|
19,636
|
22,211
|
37,541
|
| |
b) Other Operating Income
|
217
|
319
|
497
|
742
|
1,044
|
| |
Total Income |
9,344
|
12,385
|
20,133
|
22,953
|
38,585
|
| 2 |
EXPENDITURE |
|
|
|
|
|
| |
a) (Increase)/decrease
in Stock in trade and work
in process |
(586)
|
74 |
55 |
102
|
118
|
| |
b) Consumption of Raw Materials
|
6,397
|
6,112
|
13,549
|
11,159
|
19,108
|
| |
c) Purchase of Traded Goods
|
12 |
2,463
|
12 |
4,678
|
6,570
|
| |
d) Employees Cost |
719
|
624
|
1,331
|
1,206
|
2,323
|
| |
e) Depreciation |
414
|
393
|
796
|
791
|
1,532
|
| |
f) Other Expenditure |
1,285
|
1,319
|
2,436
|
2,606
|
4,476
|
| |
Total |
8,241
|
10,985
|
18,179
|
20,542
|
34,127
|
| 3 |
Profit from operations
before Other Income, Interest
& Exceptional Items (1-2)
|
1,103
|
1,400
|
1,954
|
2,411
|
4,458
|
| 4 |
Other Income |
1,249
|
1,035
|
1,760
|
2,613
|
182
|
| 5 |
Profit before Interest
& Exceptional Item (3+4) |
2,352
|
2,435
|
3,714
|
5,024
|
4,640
|
| 6 |
Interest |
67 |
127
|
136
|
238
|
464
|
| 7 |
Profit after interest but
before Exceptional Items (5-6)
|
2,285
|
2,308
|
3,578
|
4,786
|
4,176
|
| 8 |
Exceptional Items |
- |
- |
- |
- |
- |
| 9 |
Profit from Ordinary Activities
before tax (7+8) |
2,285
|
2,308
|
3,578
|
4,786
|
4,176
|
| 10 |
Tax Expenses |
|
|
|
|
|
| |
Current Tax |
397
|
345
|
749
|
637
|
1,147
|
| |
Fringe Benefit Tax |
- |
5 |
- |
7 |
16 |
| |
Deferred Tax |
43 |
82 |
71 |
166
|
266
|
| |
Income Tax of earlier year
|
- |
- |
- |
- |
(77)
|
| |
Net |
440
|
432
|
820
|
810
|
1,352
|
| 11 |
Net profit from Ordinary
Activities Profit after tax
(9-10) |
1,845
|
1,876
|
2,758
|
3,976
|
2,824
|
| 12 |
Extraordinary Items |
- |
- |
- |
- |
- |
| 13 |
Net Profit for the period
(11-12) |
1,845
|
1,876
|
2,758
|
3,976
|
2,824
|
| 14 |
Paid-up Equity Share Capital
face value of Re.1/- each
|
1,785
|
1,785
|
1,785
|
1,785
|
1,785
|
| 15 |
Reserves excluding Revaluation
Reserves as per Balance sheet
of previous accounting year
|
- |
- |
- |
- |
256,661
|
| 16 |
Earning per Shares (in
Rupees) (Face value of Re
1/- each) (Basic & Diluted)
(*Not annualised) |
1.03
|
1.05
|
1.55
* |
2.23
* |
1.58
|
| 17 |
Public Shareholding |
|
|
|
|
|
| |
- Number of Shares |
48,211,610
|
49,016,610
|
48,211,610
|
49,016,610
|
48,211,610
|
| |
- Percentage of Shareholding
|
27.01%
|
27.46%
|
27.01%
|
27.46%
|
27.01%
|
| 18 |
Promoters and promoter
group Shareholding |
|
|
|
|
|
| |
a) Pledged/Encumbered |
|
|
|
|
|
| |
Number of shares |
- |
- |
- |
- |
- |
| |
Percentage of shares (as
a % of total shareholding
of promoters and promoter
group) |
- |
- |
- |
- |
- |
| |
Percentage of shares (as
a % of total share capital
of the company) |
- |
- |
- |
- |
- |
| |
b) Non-Encumbered |
|
|
|
|
|
| |
Number of shares |
130,282,400
|
129,477,400
|
130,282,400
|
129,477,400
|
130,282,400
|
| |
Percentage of shares (as
a % of total shareholding
of promoters and promoter
group) |
100%
|
100%
|
100%
|
100%
|
100%
|
| |
Percentage of shares (as
a % of total share capital
of the company) |
72.99%
|
72.54%
|
72.99%
|
72.54%
|
72.99%
|
Notes:-
- The above results were reviewed
by the Audit Committee, taken on
record by the Board at its meeting
held on 27th October, 2009 and approved
the same for release.
- The Financial Results are in accordance
with the recognition and measurement
principles laid down in Accounting
Standard (AS)-25 "Interim Financial
Reporting" as notified in Companies
(Accounting Standards) Rules, 2006.
- The Statutory Auditors of the
Company have carried out a limited
review of the above results in terms
of Clause 41 of the Listing Agreement.
- There were 13 investor complaints
pending as on 1st July , 2009, 88
complaints were received from investors
during the quarter, 99 complaints
were resolved during the quarter
and 2 investor complaints were pending
as on 30th September, 2009.
- Figures in respect of the previous
period/ year have been reworked
/ regrouped / re-arranged wherever
necessary to make them comparable.
Date :- 27th
October, 2009
Place:- Mumbai |
For and on
Behalf of the Board
Gaurav Jain
Managing Director |
JAI CORP LTD
UNAUDITED SEGMENT WISE REVENUE,
RESULTS AND CAPITAL EMPLOYED
FOR THE QUARTER AND HALF YEAR
ENDED 30TH SEPTEMBER, 2009 |
( Rs. In Lacs ) |
| Sr. No. |
Describtion |
Unaudited
3 Months Ended |
Unaudited
6 Months Ended |
Audited
Year Ended |
| |
|
30.09.2009 |
30.09.2008 |
30.09.2009 |
30.09.2008 |
31.03.2009 |
| 1. |
SEGMENT REVENUE |
|
|
|
|
|
| |
Steel |
444 |
2,571
|
4,317
|
5,029
|
7,665
|
| |
Plastic Processing |
7,735
|
8,793
|
13,837
|
15,628
|
26,328
|
| |
Spinning |
1,398
|
1,467
|
2,593
|
2,801
|
5,513
|
| |
Total Segment Revenue
|
9,577
|
12,831
|
20,747
|
23,458
|
39,506
|
| |
Less: Inter Segment Revenue
|
8 |
- |
20 |
- |
- |
| |
Less: Excise duty/Service
tax recovered |
442 |
765 |
1,091
|
1,246
|
1,965
|
| |
Total Revenue |
9,127
|
12,066
|
19,636
|
22,212
|
37,541
|
| 2. |
SEGMENT RESULTS |
|
|
|
|
|
| |
Steel |
193 |
212 |
475 |
307 |
649 |
| |
Plastic Processing |
992 |
1,504
|
1,790
|
2,757
|
4,613
|
| |
Spinning |
54 |
(92) |
(66) |
(157)
|
(269)
|
| |
Total Segment Results
|
1,239
|
1,624
|
2,199
|
2,907
|
4,993
|
| |
Less: Interest & Finance
Charges |
67 |
127 |
136 |
238 |
464 |
| |
Less:- Other unallocable
Expenditure net off |
- |
- |
- |
|
- |
| |
Add:- Other unallocable income
net of |
1,113
|
811 |
1,515
|
2,117
|
(353)
|
| |
unallocable expenditure |
|
|
|
|
|
| |
Total Profit before
tax |
2,285
|
2,308
|
3,578
|
4,786
|
4,176
|
| 3. |
CAPITAL EMPLOYED
|
|
|
|
|
|
| |
Steel |
2,634
|
2,840
|
2,634
|
2,840
|
7,026
|
| |
Plastic Processing |
22,659
|
22,256
|
22,659
|
22,256
|
21,727
|
| |
Spinning |
3,074
|
2,786
|
3,074
|
2,786
|
2,806
|
| |
Total Segment Capital Employed
|
28,367
|
27,882
|
28,367
|
27,882
|
31,559
|
| |
Add: Unallocable Corporate
Assets less |
232,986
|
232,223
|
232,986
|
232,223
|
227,037
|
| |
Corporate Liabilities |
|
|
|
|
|
| |
Total Capital Employed
|
261,353
|
260,105
|
261,353
|
260,105
|
258,596
|
NOTES:-
As per Accounting Standard (AS)-17
on "Segment Reporting",
as notified in Companies (Accounting
Standards) Rules, 2006, the Company
has reported "Segment Information"
, as described below:-
a) The Steel Segment
includes production and marketing
operation of CR Coils/Sheets, GP/GC
Coils/Sheets, HR Coils/Plates, Melting
Scrap, Iron Spong and Structural Steel.
b) The Plastic Processing
Segment includes production of Woven
Sacks/Fabric, Jumbo Bags, HDPE Twine,
Master Batch, Staple Fibres and Geotextiles.
c) The Spinning Segment
includes production of Spun Yarn.
d) The Assets Management activity
Segment includes Investment
Advisiory Services.
e) Figures in respect of the previous
period/ year have been reworked /
regrouped / re-arranged wherever necessary
to make them comparable.
Date :- 27th
October, 2009
Place:- Mumbai |
For and on
Behalf of the Board
Gaurav Jain
Managing Director |
|
