BOROSIL GLASS WORKS LIMITED |
| Regd. Office : Khanna Construction House 44, Dr.RG Thadani Marg, Worli, Mumbai - 400 018 |
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER & NINE MONTHS
ENDED
31ST DECEMBER, 2006
|
|
|
Particulars
|
Quarter
Ended |
Nine Months
Ended |
Accounting
Year Ended |
31.12.2006 |
31.12.2005 |
31.12.2006 |
31.12.2005 |
31.03.2006 |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
(Rs. in lacs) |
1. |
Gross sales |
1,932 |
1,929 |
5,142 |
4,835 |
7,013 |
|
Less: Excise duty recovered |
136 |
143 |
369 |
354 |
518 |
|
Net Sales / Income from Operations
|
1,796 |
1,786 |
4,773 |
4,481 |
6,495 |
| 2. |
Other Income |
33 |
35 |
252 |
204 |
270 |
| 3. |
Total Expenditure |
1,514 |
1,508 |
3,947 |
3,746 |
5,467 |
| (a) |
(Increase)/Decrease in Stock in Trade |
(85) |
81 |
(720) |
(148) |
34 |
| (b) |
Consumption of Raw materials |
73 |
79 |
211 |
240 |
309 |
| (c) |
Purchase of Finished Goods |
257 |
284 |
875 |
691 |
917 |
| (d) |
Power & Fuel |
265 |
255 |
757 |
691 |
951 |
| (e) |
Staff Cost |
427 |
379 |
1,197 |
1,054 |
1,485 |
| (f) |
Other Expenditure |
577 |
430 |
1,627 |
1,218 |
1,771 |
| 4. |
Interest |
73 |
75 |
205 |
232 |
298 |
5. |
Depreciation |
96 |
101 |
288 |
297 |
398 |
6. |
Profit/(Loss) Before Extra-ordinary Items and
taxes(1+2-3-4-5) |
146 |
137 |
585 |
410 |
602 |
7. |
Extraordinary Items |
|
|
|
|
|
| a. |
Loss due to Flood |
- |
- |
- |
351 |
351 |
| b. |
Insurance claim received |
- |
- |
- |
(324) |
(324) |
8. |
Profit Before taxes(6-7) |
146 |
137 |
585 |
383 |
575 |
9. |
Provision for Taxation |
|
|
|
|
|
| a. |
Income tax |
63 |
11 |
169 |
24 |
39 |
| b. |
Mat credit Entitlement |
- |
- |
- |
- |
(35) |
| c. |
Fringe benefit tax |
5 |
5 |
15 |
14 |
21 |
| d. |
Deferred tax |
(14) |
46 |
(1) |
103 |
149 |
10. |
Net Profit/(Loss) (8-9) |
92 |
75 |
402 |
242 |
401 |
11. |
Paid-up Equity Share Capital |
|
|
|
|
|
| |
(Face value Rs. 10/- each) |
343 |
343 |
343 |
343 |
343 |
12. |
Reserves excluding Revaluation Reserves |
|
|
|
|
2,058 |
13. |
Basic and diluted EPS(Not Annualised) |
* 2.68
|
* 2.19 |
* 11.73 |
* 7.05 |
* 11.69 |
|
| |
REPORTING OF SEGMENT-WISE REVENUE, RESULTS AND CAPITAL EMPLOYED |
| |
Particulars
|
Quarter
Ended |
Nine
Months Ended |
Accounting
Year Ended |
31.12.2006
|
31.12.2005 |
31.12.2006 |
31.12.2005
|
31.03.2006 |
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
|
Audited |
(Rs. in lacs) |
| 1. Segment Revenue |
|
| a. |
Scientificware |
1,102 |
1,150 |
3,059 |
2,896 |
4,506 |
| b. |
Consumerware |
646 |
601 |
1,583 |
1,496 |
1,883 |
| c. |
Others |
48 |
35 |
131 |
89 |
106 |
| Total |
1,796 |
1,786 |
4,773 |
4,481 |
6,495 |
Less : Inter Segment
Revenue |
- |
- |
- |
- |
- |
Net Sales / Income
from Operations |
1,796 |
1,786 |
4,773 |
4,481 |
6,495 |
| 2. Segment Results : |
|
| a. |
Scientificware |
307 |
296 |
924 |
821 |
1,251 |
| b. |
Consumerware |
104 |
92 |
356 |
275 |
320 |
| c. |
Others |
15 |
11 |
36 |
27 |
31 |
| Total |
426 |
399 |
1,316 |
1,123 |
1,602 |
| Less : |
|
| (i) |
Interest |
73 |
75 |
205 |
232 |
298 |
| (ii) |
Other unallocable expenditure
net of unallocable income |
207 |
187 |
526 |
508 |
729 |
Total Profit / (Loss)
Before Tax |
146 |
137 |
585 |
383 |
575 |
|
| |
| Notes: |
|
| :: |
The above results were reviewed by the Audit Committee
and approved by the Board of Directors at its meeting held on 17.01.2007. |
|
| :: |
The Board of Directors of the Company has allotted 534850 Warrants
carrying a right to subscribe to equity shares at its meeting held
on 17.01.2007, to the promoter companies on preferential basis in
terms of Special Resolution passed by its members at the Extraordinary
General Meeting held on 4th January, 2007. |
|
| :: |
The company is in the process of acquiring land in the state of Uttranchal,
which can be used for setting up of a new unit. |
|
| :: |
The Accounting Standard 15 (Revised 2005) - Employee Benefit issued
by the Institute of Chartered Accountants of India has become mandatory
w.e.f. 1st April, 2006. Any additional obligation of the Company on
account of above revised Accounting Standard will be recognised at
the year end and the Company obligation prior to 1st April, 2006 will
be adjusted against the General Reserve. |
|
| :: |
Since the assets are used in the Company’s business interchangeably
and the suppliers of raw materials and consumables are common, disclosure
of segment wise assets, liabilities, capital expenditure, depreciation
and non-cash expenditure is not feasible. |
|
| :: |
The Financial Results are in accordance with the Standard Accounting
Practices followed by the Company in preparation of its statutory
accounts. |
|
| :: |
The previous period figures have been regrouped/reclassified wherever
necessary to make them comparable. |
|
| :: |
The above financial results have been subjected to a limited review
by the Statutory Auditors of the Company. |
| :: |
The Company has received 10 complaints from investors during the
quarter ended 31st December, 2006, which have been disposed off. There
were no complaints lying unresolved at the beginning or at the end
of the quarter. |
|
Place: Mumbai
Date: 17.01.2007 |
For Borosil Glass Works Limited
P. K. Kheruka
Chairman |
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