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| APEEJAY TEA
LIMITED |
| Registered
Office :Talap 786 156, Assam |
| Audited
Financial Results for the year ended March 31, 2006 |
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Rs. in lacs |
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Nine Months Ended |
Three Months Ended |
Year Ended |
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31.12.2005 |
31.03.2006 |
31.03.2005 |
31.03.2006 |
31.03.2005 |
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| 1. Gross Sales ( including claims ) |
7,064 |
2,354 |
2,022 |
9,418 |
8,887 |
| Less : Excise Duty ( net ) |
33 |
12 |
56 |
45 |
155 |
| Net Sales / Income from operations |
7,031 |
2,342 |
1,966 |
9,373 |
8,732 |
| 2.
Other Income |
486 |
243 |
276 |
729 |
754 |
| 3.
Total Expenditure |
6,604 |
3,425 |
3,221 |
10,029 |
9,167 |
| a) (Increase)/Decrease in
Stock-in-trade |
(1,722) |
1,418 |
1,643 |
(304) |
(272) |
| b) Consumption of raw materials (Note
3) |
206 |
11 |
36 |
217 |
398 |
| c) Staff Cost |
4,436 |
1,140 |
836 |
5,576 |
5,075 |
| d) Power and Fuel |
1,355 |
193 |
187 |
1,548 |
1,370 |
| e) Stores and Spares |
757 |
163 |
111 |
920 |
662 |
| f) Other Expenditure |
1,572 |
500 |
408 |
2,072 |
1,934 |
| 4.
Interest |
278 |
147 |
84 |
425 |
273 |
| 5.
Depreciation |
269 |
69 |
87 |
338 |
328 |
| 6. Profit
/ (Loss) before Tax* (1+2-3-4-5) |
366 |
(1,056) |
(1,150) |
(690) |
(282) |
| 7.
Provision for Taxation (Note 4) |
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| Current Tax |
20 |
(28) |
(25) |
(8) |
- |
| Deferred Tax (net) |
(17) |
(7) |
(8) |
(24) |
(23) |
| Fringe Benefit Tax |
25 |
8 |
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33 |
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| 8.
Net Profit / (Loss) (6-7) |
338 |
(1,029) |
(1,117) |
(691) |
(259) |
| 9. Paid up Equity Share Capital |
600 |
600 |
600 |
600 |
600 |
| (Face value Rs.10/- per share) |
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| 10.
Reserves excluding Revaluation Reserve |
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5,763 |
6,454 |
| 11. Basic
and Diluted EPS (Rs.) |
5.63 |
(17.15) |
(18.62) |
(11.52) |
(4.31) |
| 12.
Aggregate of Non-Promoter Shareholding |
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| - Number of Shares |
1,543,550 |
15,43,550 |
15,43,550 |
15,43,550 |
15,43,550 |
| - Percentage of Shareholding |
25.73 |
25.73 |
25.73 |
25.73 |
25.73 |
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| * after considering
Exchange (Gain) / Loss - Net |
32 |
(9) |
13 |
23 |
51 |
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| REPORTING OF
SEGMENTWISE RESULTS AND CAPITAL EMPLOYED UNDER CLAUSE 41 OF THE LISTING
AGREEMENT |
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Rs. in lacs |
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Three
Months Ended |
Year Ended |
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31.03.2006 |
31.03.2005 |
31.03.2006 |
31.03.2005 |
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| 1. Segment Revenue
(Sales/Income from Operations) |
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| a) Export |
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63 |
50 |
312 |
1,123 |
| b) Domestic |
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2,279 |
1,916 |
9,061 |
7,609 |
| Total |
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2,342 |
1,966 |
9,373
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8,732 |
| Less: Inter Segment Revenue |
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- |
- |
- |
- |
| Net Sales / Income from operations |
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2,342 |
1,966 |
9,373 |
8,732 |
| 2.
Segment Result [Profit / (Loss ) before Interest and Tax from segment] |
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| a) Export |
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(7) |
(117) |
8 |
51 |
| b) Domestic |
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(974) |
(1,068) |
(296) |
(231) |
| Total |
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(981) |
(1,185) |
(288) |
(180) |
| Less: Interest |
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147 |
84 |
425 |
273 |
| Add: Unallocated Income net of
unallocable expenditure |
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72
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119
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23 |
171 |
| Profit / (Loss) before Tax |
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(1,056) |
(1,150) |
(690) |
(282) |
| 3.
Capital Employed |
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| a) Export |
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27 |
- |
27 |
- |
| b) Domestic |
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140 |
94 |
140 |
94
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| Total |
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167 |
94 |
167 |
94 |
| Add: Unallocated corporate assets (net
of corporate liabilities) |
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17,497 |
18,783 |
17,497 |
18,783 |
| Total Capital Employed |
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17,664 |
18,877 |
17,664 |
18,877 |
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| Notes: |
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| 1.
The above results have been taken on record at the Board Meeting held on
Thursday, June 29, 2006, after due consideration of the same by |
| the meeting of the Audit Committee held
on the same date. |
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| 2. These Accounts have been prepared in accordance with the Accounting Standards issued by the Institute of Chartered Accountants of
India. |
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| 3.
Consumption of raw material shown above represents cost of green leaf
purchased from others .The value of consumption of green leaf |
| harvested from the Company's own estates
is not ascertainable because of
integrated operation of harvesting green leaf to manufacture of |
| black tea . |
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| 4. In accordance with Accounting Standard -
22 issued by Institute of Chartered Accountants of India , the deferred tax
liability ( net ) at the |
| end of the year works out to Rs.161 lacs after adjustment of deferred tax asset of Rs.24 lacs arising
during the year. Deferred tax asset |
| arising out of Agricultural Income Tax
has not been recognised as a matter of prudence. |
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| 5.
Pending approval of the Scheme of Arrangement to demerge Kharjan Tea Estate
to Kharjan Tea Estate Private Limited ( proposed to be |
| effective from 1st April,2005) by the
Honourable High Court of Guwahati, no effect of the said scheme has been
given in these accounts. |
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| 6. Status of
investor grievances for the three months ended March 31, 2006 |
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| No. of complaints |
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| Pending as at 01.01.2006 Received during the |
Disposed during |
Lying unresolved |
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quarter |
the quarter |
as at 31.03.2006 |
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| Nil 3 |
3 |
Nil |
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| 7. Comparative
figures have been regrouped / rearranged wherever necessary. |
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By Order of the Board |
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APEEJAY TEA LIMITED |
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| Kolkata: June 29th, 2006 |
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Chairperson |
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