Quarterly Results
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Jai Corp Limited
UNAUDITED STANDALONE FINANCIAL RESULTS
FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2010
(Rs. In Lacs, Except Per Share Data)

Sr. No. Particulars Quarter Ended Six Months Ended Year Ended
Unaudited Unaudited Audited
30.09.2010 30.09.2009 30.09.2010 30.09.2009 31.03.2010
1 a) Net Sales/Income from Operations 10985 9127 21958 19636 40961
  b) Other Operating Income 25 217 157 497 740
  Total Income 11010 9344 22115 20133 41701
2 EXPENDITURE          
  a) (Increase)/decrease in Stock in trade and work in process (360) (586) (808) 55 128
  b) Consumption of Raw Materials 7371 6397 14841 13549 27422
  c) Purchase of Traded Goods 7 12 13 12 19
  d) Employees Cost 983 719 1824 1331 2952
  f) Depreciation 417 414 847 796 1628
  g) Other Expenditure 1528 1285 3084 2436 5270
  Total 9946 8241 19801 18179 37419
3 Profit from operations before Other Income, Interest & Exceptional Items (1-2) 1064 1103 2314 1954 4282
4 Other Income 2159 1249 4101 1760 3888
5 Profit before Interest & Exceptional Item (3+4) 3223 2352 6415 3714 8170
6 Interest 39 67 101 136 254
7 Profit after interest but before Exceptional Items (5-6) 3184 2285 6314 3578 7916
8 Exceptional Items 0 0 0 0 0
9 Profit from Ordinary Activities before tax (7+8) 3184 2285 6314 3578 7916
10 Tax Expenses          
  Current Tax 622 397 1129 749 1563
  Deferred Tax 28 43 (18) 71 235
  Provision/(write back) of Income Tax of earlier year 0 0 0 0 11
  Total 650 440 1111 820 1809
11 Net profit from Ordinary Activities Profit after tax (9-10) 2534 1845 5203 2758 6107
12 Extraordinary Items 0 0 0 0 0
13 Net Profit for the period (11-12) 2534 1845 5203 2758 6107
14 Paid-up Equity Share Capital face value of 1/- each 1785 1785 1785 1785 1785
15 Reserves excluding Revaluation Reserves as per Balance sheet of previous accounting year 0 0 0 0 262482
16 Earning per Shares (in ) (Face value of 1/- each) (Basic & Diluted) (*Not annualised) 1.42 * 1.03 * 2.94 * 1.55* 3.42
17 Public Shareholding          
  - Number of Shares 48211610 48211610 48211610 48211610 48211610
  - Percentage of Shareholding 27.01 %27.01 %27.01 %27.01 %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 130282400 130282400 130282400 130282400 130282400
  - 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%72.99%72.99%72.99%72.99%

Notes:-

  1. The above results were reviewed by the Audit Committee, taken on record by the Board at its meeting held on 02nd November, 2010 and approved the same for its release.

  2. 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 the Companies (Accounting Standards) Rules, 2006.

  3. 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.

  4. 2 investor complaints pending as on 1st July , 2010, 156 complaints received from investors during the quarter, 156 complaints resolved during the quarter and 2 investor complaints pending as on 30th September, 2010.

  5. Statement of Assets and Liabilities as at 30th September, 2010. (Rs. in Lacs)

    Particulars As at 30.09.2010 As at 30.09.2009
    Unaudited Unaudited/Unreviewed
    Shareholders' Funds:    
         (a) Share Capital 1935 1935
         (b) Reserve and Surplus 267721 259418
    Loan Funds 2733 3970
    Deferred Tax Liabilities (Net) 1850 1704
    Total 274239 267027
         
    Fixed Assets ( Including CWIP) 22411 22834
    Investments 179233 177523
    Current Assets, Loans & Advances    
         (a) Inventories 5208 3886
         (b) Sundry Debtors 12577 5856
         (c) Cash and Bank Balances 1597 5603
         (d) Other Current Assets 1283 2
         (e) Loans and Advances 56850 53389
    Less: Current Liabilities and Provisions    
         (a) Liabilities 3536 1338
         (b) Provisions 1384 728
    Net Current Assets 72595 66670
    Total 274239 267027


  6. Figures in respect of the previous period/ year have been reworked / regrouped / re-arranged wherever necessary to make them comparable.

Date :- 02nd November, 2010
Place:- Mumbai		 For and on Behalf of the Board

Gaurav Jain
Managing Director

 

DESCRIPTION Quarter Ended Six Months Ended Year Ended
Unaudited Unaudited Audited
30.09.2010 30.09.2009 30.09.2010 30.09.2009 31.03.2010
1 SEGMENT REVENUE          
  Steel 623 444 2013 4317 5722
  Plastic Processing 8938 7735 17227 13837 30708
  Spinning 2052 1398 4024 2593 6710
  Total Segment Revenue 11613 9577 23264 20747 43140
  Less: Inter Segment Revenue 10 8 18 20 42
  Less: Excise duty/Service tax recovered 618 442 1288 1091 2137
  Total Revenue 10985 9127 21958 19636 40961
             
2 SEGMENT RESULTS          
  Steel (37) 193 63 475 578
  Plastic Processing 1127 992 2252 1790 4132
  Spinning 203 54 376 (66) 167
  Total Segment Results 1293 1239 2691 2199 4877
  Less: Interest & Finance Charges 39 67 101 136 254
  Add:- Other unallocable income net of 1930 1113 3724 1515 3293
  unallocable expenditure          
  Total Profit before tax 3184 2285 6314 3578 7916
             
3 CAPITAL EMPLOYED          
  Steel 234 2634 234 2634 2004
  Plastic Processing 24851 22659 24851 22659 24515
  Spinning 3611 3074 3611 3074 3330
  Total Segment Capital Employed 28696 28367 28696 28367 29849
  Add: Unallocable Corporate Assets less 240960 232986 240960 232986 234568
  corporate Liabilities          
  Total Capital Employed 269656 261353 269656 261353 264417

Notes :

1. 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, processing and trading operation operation of CR Coils/Sheets, GP/GC Coils/Sheets, HR Coils/Plates, Melting Scrap, Iron Sponge 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. Capital Employed on other Investments/Assets and Income from the same are considered under "Un-allocable".

e. Figures in respect of the previous period/ year have been reworked / regrouped / re-arranged wherever necessary to make them comparable.


Date :- 02nd November, 2010
Place:- Mumbai		 For and on Behalf of the Board

Gaurav Jain
Managing Director