Quarterly Results
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JAI CORP LTD.
AUDITED STANDALONE FINANCIAL RESULTS
FOR THE YEAR ENDED 31st MARCH, 2009
(Rs. In Lacs, Except Per Share Data)
S.No Particulars Unaudited Audited
Quarter Ended Year Ended
31.03.2009 31.03.2008 31.03.2009 31.03.2008
1 a) Net Sales/Income from Operations 7,171 10,931 37,541 30,853
  b) Other Operating Income 3 211 1,044 1,138
  Total Income 7,174 11,142 38,585 31,991
2 EXPENDITURE        
  a) (Increase)/decrease in Stock in trade and work in process (149) 363 118 (391)
  b) Consumption of Raw Materials 4,434 3,885 19,108 12,906
  c) Purchase of Traded Goods 40 3,641 6,570 8,704
  d) Employees Cost 545 614 2,323 1,930
  e) Depreciation 351 448 1,532 1,484
  f) Other Expenditure 821 1,797 4,476 5,218
  Total 6,042 10,748 34,127 29,851
3 Profit from operations before Other Income, Interest & Exceptional Items (1-2) 1,132 394 4,458 2,140
4 Other Income (3,775) 3,615 182 11,810
5 Profit before Interest & Exceptional Item (3+4) (2,643) 4,009 4,640 13,950
6 Interest 83 120 464 590
7 Profit after interest but before Exceptional Items (5-6) (2,726) 3,889 4,176 13,360
8 Exceptional Items - - - -
9 Profit from Ordinary Activities before tax (7+8) (2,726) 3,889 4,176 13,360
10 Tax Expenses        
      Current Tax (77) 221 1,147 1,194
      MAT Credit - (215) - (736)
      Fringe Benefit Tax 5 5 16 17
      Deferred Tax 62 (3) 266 70
  Income Tax of earlier year - - (77) -
  TOTAL (10) 8 1,352 545
11 Net profit from Ordinary Activities Profit after tax (9-10) (2,716) 3,881 2,824 12,815
12 Extraordinary Items - - - -
13 Net Profit for the period (11-12) (2,716) 3,881 2,824 12,815
14 Paid-up Equity Share Capital face value of Re.1/- each 1,785 1,785 1,785 1,785
15 Reserves excluding Revaluation Reserves as per Balance sheet of previous accounting year - - 256,661 254,121
16 Earning per Shares (in Rupees) (Face value of Re 1/- each) (Basic & Diluted) (* Not annualised) (1.52) * 2.22 * 1.58 * 7.34 *
17 Public Shareholding        
  - Number of Shares 48,211,610 49,016,610 48,211,610 49,016,610
  - Percentage of Shareholding 27.01% 27.46% 27.01% 27.46%
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
  - Percentage of shares (as a % of total shareholding of promoters and promoter group) 100% 100% 100% 100%
  - Percentage of shares (as a % of total share capital of the company) 72.99% 72.54% 72.99% 72.54%


Notes:
  1. The above results were reviewed by the Audit Committee, taken on record by the Board at its meeting held on 26th June,2009 and approved the same for release..
  2. During the year, Welldone Real Estate Limited, Multifaced Impex Limited, Belle Terre Realty Limited, Oasis Holding FZC and UI Wealth Advisors Limited have become subsidiaries of the Company.
  3. Other income for the quarter and year ended 31st March 2009, includes loss on sale of investments of Rs. 4145.20 Lacs.
  4. The Board has recommended dividend (i) @ Re. 0.01 Per Shares on 1,50,00,000 Non Cumulative Non Participating Redeemable Preference Shares of face value Re.1/- each and (ii) Re.0.50 Per share on 48167010 Equity Share of face value of Re. 1/- each.
  5. There were no investors complaints pending as on 1 st January, 2009, 148 complaints were received from investors during the last quarter and 136 complaints were resolved during the quarter. 12 investor complaints were pending as on 31st March, 2009.
  6. Figures in respect of the previous period/ year have been reworked / regrouped / re-arranged wherever necessary to make them comparable.
Place : Mumbai
Dated : 26th June 2009 		For and on Behalf of the Board

Gaurav Jain
Managing Director


JAI CORP LTD.
AUDITED SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
FOR THE YEAR ENDED 31st MARCH, 2009
(Rs. In Lacs)
  STAND ALONE CONSOLIDATED
  Unaudited Audited  
DESCRIPTION Quarter Ended Year Ended Audited
Year ended
31.03.2009 31.03.2008 31.03.2009 31.03.2008 31.03.2009 31.03.2008
1. SEGMENT REVENUE            
   Steel
560
4,937
7,665
15,163
7,665
15,163
  Plastic   Processing
5,372
5,978
26,328
15,241
26,511
15,461
  Spinning
1,497
576
5,513
2,387
5,513
2,387
  Assets Management   Activity
-
-
-
-
6,342
2,607
  Real Estate
-
-
-
-
-
-
  Other
-
-
-
-
9
4
Total Segment Revenue
7,429
11,491
39,506
32,791
46,040
35,622
Less: Inter Segment Revenue
-
-
-
-
-
-
Less: Excise duty/Service tax recovered
258
560
1,965
1,938
2,577
2,208
Total Revenue
7,171
10,931
37,541
30,853
43,463
33,414
2. SEGMENT RESULTS
 
 
 
 
 
 
  Steel
173
310
649
701
649
701
  Plastic Processing
986
932
4,613
2,318
4,684
2,390
  Spinning
(27)
(73)
(269)
(262)
(268)
(262)
  Assets Management   Activity
-
-
-
-
2,018
1,367
  Real Estate
-
-
-
-
(55)
(5)
  Other
-
-
-
-
30
38
Total Segment Results
1,132
1,169
4,993
2,757
7,058
4,229
Less: Interest & Finance Charges
83
120
464
590
465
590
Add:- Other unallocable income net of unallocable expenditure
(3,775)
2,840
(353)
11,193
(287)
11,193
Total Profit before tax
(2,726)
3,889
4,176
13,360
6,306
14,832
3. CAPITAL EMPLOYED
 
 
 
 
 
 
  Steel
7,026
2,277
7,026
2,277
7,026
2,277
  Plastic Processing
21,727
21,278
21,727
21,278
22,109
21,644
  Spinning
2,806
2,862
2,806
2,862
2,806
2,862
  Assets Management   Activity
-
-
-
-
2,683
1,678
  Real Estate
-
-
-
-
40,050
23,588
  Other
-
-
-
-
258
237
Total Segment Capital Employed
31,559
26,417
31,559
26,417
74,932
52,286
Add: Unallocable Corporate Assets less
227,037
229,640
227,037
229,640
187,367
205,865
Corporate Liabilities
 
 
 
 
 
 
Total Capital Employed
258,596
256,057
258,596
256,057
262,299
258,151

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:-

  1. 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.
  2. The Plastic Processing Segment includes production of Woven Sacks/Fabric, Jumbo Bags, Master Batch, Staple Fibres and Geotextiles.
  3. The Spinning Segment includes production of Spun Yarn.
  4. The Assets Management activity Segment includes Investment Advisiory Services.
  5. The Real Estate Segment includes development of Land and Buildings.
  6. The business segment not separately reportable have been grouped under "Others" segment. This comprises of the following :-
    1. Non Banking Finance activity
    2. Trusteeship
    3. Infrastructural activity
  7. Capital Employed on other Investments/Assets and Income from the same are considered under "Un-allocable".
  8. Figures in respect of the previous period/ year have been reworked / regrouped / re-arranged wherever necessary to make them comparable.
Place : Mumbai
Dated : 26th June 2009		 For and on Behalf of the Board

Gaurav Jain
Managing Director


JAI CORP LTD.
AUDITED CONSOLIDATED FINANCIAL RESULTS
FOR THE YEAR ENDED 31st MARCH, 2009
(Rs. In Lacs)
S.No Particulars Year Ended
31.03.2009 31.03.2008
1 a) Net Sales/Income from Operations 43,463 33,414
  b) Other Operating Income 1,045 1,189
  Total Income 44,508 34,603
2 EXPENDITURE    
  a) (Increase)/decrease in Stock in trade and work in process (5,447) (4,592)
  b) Consumption of Raw Materials 19,108 12,906
  c) Land and Development expenses 5,341 4,167
  d) Purchase of Traded Goods 6,643 8,802
  e) Employees' Cost 4,046 2,449
  f) Depreciation 1,552 1,491
  g) Other Expenditure 6,538 5,930
  Total 37,781 31,153
3 Profit from operations before Other Income, Interest & Exceptional Items (1-2) 6,727 3,450
4 Other Income 44 11,972
5 Profit before Interest & Exceptional Item (3+4) 6,771 15,422
6 Interest 465 590
7 Profit after interest but before Exceptional Items (5-6) 6,306 14,832
8 Exceptional Items - -
9 Profit from Ordinary Activities before tax (7+8) 6,306 14,832
       Tax Expenses    
       Current Tax 2,237 1,734
       MAT Credit - (736)
       Fringe Benefit Tax 36 27
       Deferred Tax 266 75
       Income Tax of earlier year (77) -
  TOTAL 2,462 1,100
10 Net profit from Ordinary Activities after tax (9-10) 3,844 13,732
11 Extraordinary Items - -
12 Net Profit for the period (11-12) 3,844 13,732
13 Minority Interest (Loss) (1) -
14 Share in the Profit/(Loss) of Associates (488) 378
15 Net Profit aftet tax attributable to Consolidated Group 3,357 14,110
16 Paid-up Equity Share Capital face value of Re.1/- each 1,785 1,785
17 Reserves excluding Revaluation Reserves 260,364 256,216
18 Earning per Shares (in Rupees) (Face value of Re 1/- each) (Basic & Diluted) (*Not annualised) 1.88 8.08
19 Public Shareholding    
  - Number of Shares 48,211,610 49,016,610
  - Percentage of Shareholding 27.01% 27.46%
20 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 13,02,82,400 129,477,400
  - Percentage of shares (as a % of total shareholding of promoters and promoter group) 100.00% 100.00%
  - Percentage of shares (as a % of total share capital of the company) 72.99% 72.54%

Notes:
  1. The consolidated accounts have been prepared as per Accounting Standard (AS) 21 on Consolidated Financial Statements and Accounting Standard (AS) 23 on Accounting for Investments in Associates in Consolidated Financial Statements notified in the Companies (Accounting Standards) Rules, 2006.
  2. Other income for the quarter and year ended 31st March 2009, includes loss on sale of investments of Rs. 4145.20 Lacs.
  3. Land and development expenses represents the cost of Land and its development for the purpose of Real Estate business.
  4. The Consolidated Financial Results should be read in conjunction with the notes to the Standalone Financial Results for the year ended 31st March, 2009.
Place : Mumbai
Dated : 26th June 2009		 For and on Behalf of the Board

Gaurav Jain
Managing Director