STANPACKS (INDIA) LTD.
Regd. Office: 46, Halls Road, Kilpauk, Chennai-600 010.
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER
ENDED 30TH SEPTEMBER, 2006
(Rs.in Lakhs)
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Quarter ended Half-Year ended Year ended
SL. -------------------------------------------------
No. Particulars 30.9.06 30.9.05 30.9.06 30.9.05 31.3.06
(Unaudited) (Unaudited) (Audited)
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1. Net Sales 618.19 583.43 1229.08 1124.32 2367.77
2. Other Income 1.11 0.35 1.69 0.59 11.51
3. Total Expenditure
a)(Increase)/Decrease
in stock in trade (304.70) (63.16) (369.60) (92.57) (219.51)
b)Consumption of
Raw-materials 658.64 452.61 1173.22 887.25 2022.04
c)Staff Cost 46.71 34.16 87.49 68.60 157.75
d)Other Expenditure 137.12 82.08 182.34 113.68 157.25
4. Interest 53.44 27.39 86.16 53.50 116.45
5. Depreciation 26.19 19.52 48.48 36.85 74.87
6. Profit before tax 1.90 31.18 22.68 57.60 70.43
7. Provision for taxation
a) Current Taxes 0.16 2.63 1.91 4.85 5.86
b) Fringe Benefit Tax -- -- 0.60 — 3.62
8. Net Profit Before
Deferred Tax 1.74 28.55 20.17 52.75 60.95
Deferred Tax 1.28 10.88 8.34 20.16 23.97
9. Net Profit After
Deferred Tax 0.46 17.67 11.83 32.59 36.98
10. Paid up Equity Share
Capital 609.60 609.60 609.60 609.60 609.60
(Face Value:Rs.10/-
per share)
11. Reserves excluding
revaluation reserves - - - - 36.23
12. Basic & diluted EPS
(in Rs.) 0.01* 0.29* 0.19* 0.53* 0.61
13. Aggregate of Non-
Promoters' Shareholding:
Number of Shares -- -- 3628785 3747332 3678252
Percentage of Shareholding-- -- 59.53 61.47 60.34
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Notes:
*Not Annualised.
1. The above results were reviewed by the Audit Committee and taken
on record by the Board of Directors of the Company at its meeting
held on 31st October, 2006 subject to the limited Review by the
Statutory Auditors of the Company.
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 September 30,
2006: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:
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Sl. Name of the Nature of Dues Amount Pertaining Present
No. Statute (Rs.) Status
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i. Sales Tax Sales Tax Demand 825,477 1994-1995 On Appeal the case was
remanded to the
Assessing Officer.
ii. Sales Tax Sales Tax Demand 353,788 1995-1996 - do -
iii.Sales Tax Sales Tax Demand 128,925 1997-1998 - do -
iv. Sales Tax Sales Tax Demand 80,755 2001-2002 - do -
v. Central Excise Duty 370,589 2004-2005 The Assistant
Excise Demand Commissioner of
Central Excise,
Chennai
vi. Income Tax Income Tax & 535,659 AY 1995-96 Income Tax
Act 1961 Interest Appellate
Tribunal,
Chennai.
vii. Income Tax Income Tax & 863,086 Block Preferred for
Act 1961 Interest Assessment an Appeal with
ITAT, Chennai.
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6.The impact of Accounting Standard (AS15)(Revised 2005)”Employee Benefits” issued
by the “The Institute of Chartered Accountants of India ” which is applicable with
effect from April 1, 2006 is not considered now as the impact of this is not
material. The matter will be considered at appropriate time.
7.DIVIDEND @ 5% on the Equity Shares was declared in the Annual General
Meeting of the Company held on 28.9.2006 and the dividend warrants were
despatched to the shareholders.
For and on behalf of the Board
DR.G.V.CHALAPATHI
MANAGING DIRECTOR
Place: Chennai
Date : 31.10.2006