UNAUDITED FINANCIAL RESULTS (PROVISIONAL)
FOR THE QUARTER ENDED 30TH JUNE, 2006
(Rs. Lacs)
Sl.
No. |
DESCRIPTION |
Quarter
ended
30th June,
2006
(Unaudited) |
Corresponding
Quarter
in the
Previous Year
(Unaudited) |
Previous Year
ended
31st March,
2006
(Unaudited) |
|
1 |
Net
Sales/Income from Operations |
8,951.72 |
9,927.37 |
47,065.08 |
|
2 |
Other Income |
22.15 |
514.74 |
714.14 |
|
3 |
Total
Expenditure : |
|
|
|
|
(a) |
(Increase)/Decrease in Stock-in-Trade |
(391.63) |
82.47 |
486.78 |
|
(b) |
Consumption of
Raw Materials
(including Finished Goods Purchased) |
4,712.34 |
4,930.72 |
22,832.13 |
|
(c) |
Staff Cost |
957.90 |
917.80 |
3,520.11 |
|
(d) |
Excise Duty |
1,021.39 |
1,334.33 |
5,977.37 |
|
(e) |
Other
Expenditure |
3,031.36 |
3,101.52 |
14,478.82 |
|
Total of (a)
to (e) |
9,331.36 |
10,366.84 |
47,295.21 |
|
4 |
Interest (Net) |
337.01 |
284.15 |
1,093.96 |
|
5 |
Depreciation
(Net of withdrawal from Revaluation Reserve) |
381.30 |
392.05 |
1,481.82 |
|
6 |
Profit/(Loss)
before Tax
(1+2-3-4-5) |
(1,075.80) |
(600.93) |
(2,091.77) |
|
7 |
Provision for
Taxation : |
|
|
|
|
(a) |
Current Tax |
- |
- |
- |
|
(b) |
Fringe Benefit
Tax |
22.14 |
30.61 |
163.21 |
|
(c) |
Deferred Tax |
- |
(166.37) |
(166.37) |
|
8 |
Net
Profit/(Loss) (6-7) |
(1,097.94) |
(465.17) |
(2,088.61) |
|
9 |
Paid-up Equity
Share Capital
(Face Value of the Share - Rs.10) |
783.81 |
783.81 |
783.81 |
|
10 |
Reserves
excluding Revaluation Reserve |
|
|
3,022.71 |
|
11 |
Basic E. P.
S. (in Rs.) |
(14.04) |
(5.97) |
(26.78) |
|
12 |
Aggregate of
Non-Promoters Shareholding : |
|
|
|
|
-Number of
Shares (Nos.) |
38,48,799 |
37,97,897 |
38,22,746 |
|
-Percentage
of Shareholding (%) |
49.10% |
48.45% |
48.77% |
SEGMENTWISE REVENUE, RESULTS AND CAPITAL
EMPLOYED
FOR THE QUARTER ENDED 30TH JUNE, 2006
(Rs. Lacs)
Sl.
No. |
DESCRIPTION |
Quarter
ended
30th June,
2006
(Unaudited) |
Corresponding
Quarter
in the
Previous Year
(Unaudited) |
Previous Year
ended
31st March,
2006
(Unaudited) |
|
1 |
Segment Revenue
(including Excise Duty Realised) : |
|
|
|
|
(a) Synthetic
Filament Yarns |
2,644.96 |
4,769.79 |
14,208.26 |
|
(b) Chemicals |
6,306.76 |
5,157.58 |
32,856.82 |
|
Total |
8,951.72 |
9,927.37 |
47,065.08 |
|
Less : Inter
Segment Revenue |
- |
- |
- |
|
Net Sales/Income
from Operations |
8,951.72 |
9,927.37 |
47,065.08 |
|
2 |
Segment Results
: |
|
|
|
|
Profit/(Loss)
before Tax and Interest |
|
|
|
|
(a) Synthetic
Filament Yarns |
(532.93) |
(834.83) |
(2,986.94) |
|
(b) Chemicals |
(191.18) |
59.10 |
1,579.91 |
|
Total |
(724.11) |
(775.73) |
(1,407.03) |
|
Less : (a) Interest (Net) |
337.01 |
284.15 |
1,093.96 |
(b) Unallocable Expenditure
Net of Unallocable Income |
14.68 |
(458.95) |
(409.22) |
|
Profit/(Loss)
before Tax |
(1,075.80) |
(600.93) |
(2,091.77) |
|
3 |
Capital Employed
: |
|
|
|
|
(a) Synthetic
Filament Yarns |
699.13 |
5,151.95 |
1,728.75 |
|
(b) Chemicals |
15,420.97 |
14,553.91 |
15,867.66 |
|
Total Segment
Capital Employed |
16,120.10 |
19,705.86 |
17,596.41 |
|
Notes : |
|
1 |
The above
Results were taken on record and approved by
the Board of Directors of the Company in
their Meeting held on 31st July, 2006 and
are subject to a limited review by the
Statutory Auditors of the Company. |
|
2 |
In the Fibres
Division, no Interest has been provided on
the Dues of IDBI as per in-principle Package
of OTS, which is under implementation.
Further, in line with the past practice, no
Interest has been provided on Loans of IFCI
Limited. Amount of unprovided Interest etc.
is unascertained. As regards Auditors’
Qualification in this respect for the Year
ended 31st March, 2005, the status remains
unchanged. Further, the Division is hopeful
to repay/settle the Financial Institutions
liabilities by disposing of its
Non-productive Assets presently under
litigation in the Court. In view of this,
the Accounts have been prepared on a going
concern basis. |
|
3 |
In view of the
increase in Unabsorbed Depreciation and
substantial Losses incurred by the Company,
the recognition of Deferred Tax Assets (Net)
is being postponed on consideration of
prudence. Similarly, Net Deferred Tax Assets
(Net of Opening Deferred Tax Liabilities of
Rs.166.37 Lacs) of Rs.190.98 Lacs recognised
in the First Quarter of the Previous Year
ended 31st March, 2006 but reversed
subsequently on consideration of prudence in
the Fourth Quarter has now been eliminated
from the figures of the Corresponding
Quarter to make it Comparable. |
|
4 |
Details of
Number of Investors’ Complaints for the
Quarter ended 30th June, 2006 are as under:
Beginning - Nil; Received - 3; Disposed off
- 3 and Pending - Nil. |
|
5 |
The figures of
the Corresponding Quarter/Previous Year have
been regrouped/recast wherever necessary. |
|
|
For Modipon
Limited |
|
Place : New Delhi |
Sd/-
M. K. Modi |
Sd/-
K. K. Modi |
|
Date : 31st
July, 2006 |
Managing
Director |
President &
Managing Director |
|
