Stanpacks(India)Ltd
AUDITED FINANCIAL RESULTS FOR THE PERIOD ENDED 31st March 2005
(Rs. In Lakhs)
Sl.No Particulars Nine Months Quarter Ended Year Ended
Ended
31.12.2004 31.03.2005 31.03.2004 31.03.2005 31.03.2004
(Unaudited) (Audited) (Audited)
1 Net Sales          1,504.10          594.28          341.86       2,098.38       1,438.16
2 Other Income                  7.82               1.37               6.79               9.19             12.69
3 Total Expenditure
a) (Increase)/Decrease in stock in Trade                  8.03             (5.31)           (68.31)               2.72           (83.03)
b) Consumption of Raw Materials          1,148.20          446.15          297.98       1,594.35       1,067.52
c) Staff Cost                97.14             37.17             32.23          134.31          112.50
d) Other Expenditure                82.73             74.22             30.66          156.96          147.63
4 Interest                75.64             24.17             21.83             99.81             88.22
5 Depreciation                46.92             15.58             13.53             62.49             55.18
6 Profit Before Tax                53.26               3.67             20.73             56.93             62.83
7 Provision for Taxation
   a) Current Taxes                  4.23               0.36               1.75               4.59               5.06
   b) Deferred Taxes                17.22               0.36             16.29             17.59             23.82
8 Net Profit                31.81               2.95               2.69             34.75             33.95
9 Paid Up Equity Share Capital             609.60          609.60          609.60          609.60          609.60
(Face Value:Rs.10/- per Share)
10 Reserves Excluding Revaluation Reserves - - -             34.41             54.01
11 Basic and diluted EPS (in Rs.)  0.52*  0.05*  0.04*               0.57               0.56
12 Aggregate of Non-promotors' Share Holding :
     Number of Shares -  -  - 3747332 2492400
     Percentage of Holding 61.47** 40.89**
* Not Annualised
   Notes :
1. The above results were reviewed by the Audit Committee and taken on record by the Board of Directors
at its meeting held on 23rd June, 2005.
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 March 31, 2005: beginning - Nil;
received - Nil; disposed off - Nil and ending - Nil.
5. Dues of the Sales Tax, Income-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 Amount (Rs.) Pertaining Present Status
i. Sales Tax                                Sales Tax Demand     1,198,383 1994-1995 On Appeal the case was remanded
to the Assessing Officer
ii. Sales Tax                                Sales Tax Demand     1,657,701 1995-1996 - do -
iii. Sales Tax                                Sales Tax Demand     1,787,944 1996-1997 - do -
iv. Sales Tax                                Sales Tax Demand     1,846,548 1997-1998 - do -
v. Sales Tax                                Sales Tax Demand     2,100,282 1997-1998 - do -
vi. Sales Tax                                Sales Tax Demand          80,755 2001-2002 - do -
vii. Central Excise                      Excise Duty Demand             5,007 1998-1999 The Customs Excise & Service Tax Appellate Tribunal, Chennai
viii. Income Tax Act 1961          Income tax & Interest        535,659 AY 1995-96 Income Tax Appellate Tribunal,Chennai
ix. Income Tax Act 1961          Income tax & Interest     1,007,247 AY 1996-97 Income Tax Appellate Tribunal,Chennai
x. Income Tax Act 1961          Income tax & Interest        863,086 Block Assessment Preferred for an Appeal with ITAT, Chennai
6. There was high variation in the price of rawmaterials. Hence there is vast difference in the profit before tax.
7. ** The names of "Promoters" who holds 1198050 (19.65%) shares and who are in no way connected with the Management/Directors/
Relatives or Control over the affairs of the company have been taken to "Indian Public" as per the revised definition of
"Promoters" issued by SEBI on 30.12.2004.
8. The Board of Directors recommanded a dividend of 5% on Equity Shares for the year ended 31st March 2005.
9. Expansion plans to the tune of Rs.720 Lakhs was approved by the Board of Directors.
         for and on behalf of the Board
Place: Chennai        DR. G.V. CHALAPATHI
Date :    23.06.2005        MANAGING DIRECTOR