| STANPACKS (INDIA) LIMITED | ||||
| UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th JUNE 2008 | ||||
| (Rs. In Lakhs) | ||||
| Sl.No | Particulars | Three months ended | ||
| 6/30/2008 | 6/30/2007 | 3/31/2008 | ||
| (Unaudited) | (Unaudited) | (Audited) | ||
| 1 | Net Sales | 618.65 | 803.44 | 3,684.26 |
| 2 | Other Income | 53.21 | 1.57 | 103.67 |
| 3 | Total Income (1+2) | 671.86 | 805.01 | 3,787.94 |
| 4 | Total Expenditure | |||
| a) (Increase)/Decrease in stock in Trade | (56.44) | 105.33 | 100.61 | |
| b) Consumption of Raw Materials | 451.60 | 504.98 | 2,610.59 | |
| c) Purchase of Traded goods | - | - | - | |
| d) Employees Cost | 48.80 | 44.44 | 202.79 | |
| e) Depreciation | 24.32 | 24.44 | 98.56 | |
| f) Other Expenditure | 103.63 | 55.37 | 450.23 | |
| g) Total | 571.90 | 734.55 | 3,462.78 | |
| 5 | Interest | 40.99 | 51.61 | 202.09 |
| 6 | Expectional Items | 52.51 | - | 68.85 |
| 7 | Profit(+)/Loss(-) from ordinary activities before tax (3)-(4+5+6) | 6.45 | 18.85 | 54.21 |
| 8 | Tax Expense | 9.07 | 7.92 | 33.61 |
| 9 | Net Profit(+)/Loss(-) from ordinary activities after tax (7-8) | (2.61) | 10.93 | 20.60 |
| 10 | Extraordinary items (Net of tax expense Rs.) | 52.51 | - | 68.85 |
| 11 | Net profit(+)/Loss(-) for the period (9-10) | 49.90 | 10.93 | 89.45 |
| 12 | Paid Up Equity Share Capital (Face Value:Rs.10/- per Share) | 609.60 | 609.60 | 609.60 |
| 13 | Reserves Excluding Revaluation Reserves as per balance sheet of previous year | - | - | 38.60 |
| 14 | Earnings per Share (EPS) | |||
| a) Basic and diluted EPS before Extraordinary items for the period, for the year to date and for the previous year | (0.04)* | 0.17 * | 0.34 | |
| b) Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year | 0.82 * | 0.17 * | 0.34 | |
| 15 | Public Shareholding | |||
| Number of Shares | 3621737 | 3625737 | 3621737 | |
| Percentage of Holding | 59.41 | 59.48 | 59.41 | |
| * Not Annualised | ||||
| Notes : | ||||
| 1. | The above results were reviewed and approved by the Audit Committee . | |||
| The same was taken on record by the Board of Directors of the Company along with the Limited | ||||
| Review of the same by the Statutory Auditors at their meeting held on 26.7.2008. | ||||
| 2. | The Company operates in a single primary business segment namely manufacture of "Packing Materials". | |||
| 3. | Previous Year's figures were regrouped wherever necessary. | |||
| 4. | Details of Investor complaints for the quarter ended 30th June 2008: beginning - Nil; | |||
| received - Nil; disposed off - Nil and ending - Nil. | ||||
| 5. | Extraordinary items includes an amount of Rs.53.10 lakhs towards profit on Sales of Agricultural Land | |||
| 6. | Dues of the Sales Tax, and Excise Duty which have not been deposited on account of | |||
| dispute and forum where the dispute is pending are as under: | ||||
| S.No | Name of the Statue Nature of Dues | Pertaining | Amount (Rs.) | Present Status |
| i. | Sales Tax Sales Tax Demand | 1994-1995 | 825,477 | On Appeal the case was remanded to the Assessing Officer |
| ii. | Sales Tax Sales Tax Demand | 1995-1996 | 353,788 | |
| iii. | Sales Tax Sales Tax Demand | 1997-1998 | 128,925 | |
| iv. | Sales Tax Sales Tax Demand | 2001-2002 | 80,755 | |
| v. | Central Excise Excise Duty Demand | 2004-2005 | 370,589 | The Assistant Commissioner of Central Excise, Chennai |
| for and on behalf of the Board | ||||
| Place : | Chennai | DR. G.V. CHALAPATHI | ||
| Date : | 26.07.08 | MANAGING DIRECTOR | ||