STANPACKS (
Regd. Office: 46,
UNAUDITED FINANCIAL
RESULTS (PROVISIONAL) FOR THE QUARTER ENDED
30TH
SEPTEMBER, 2007. (Rs.in Lakhs)
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Quarter
ended Half-Year ended Year ended
SL.
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No. Particulars 30.9.07 30.9.06 30.9.07
30.9.06 31.3.07
(Unaudited) (Unaudited) (Audited)
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1. Net Sales 923.99 618.19 1727.43 1229.08 2942.70
2. Other Income (0.11) 1.11 1.46 1.69 5.70
3. Total Expenditure
a)(Increase)/Decrease
in stock in trade (44.82) (304.70) 60.51 (369.60) (300.93)
b)Consumption of
Raw-materials 701.35 753.76 1206.33 1173.22 2407.06
c)Staff Cost 47.07 46.71 91.51 87.49 186.64
d) Other Expenditure 119.43 42.00 174.79 182.33 360.34
4. Interest 50.81 53.44 102.43 86.16 187.68
5. Depreciation 24.68 26.19 49.12 48.48 99.05
6. Profit before tax 25.36 1.90 44.20 22.69 8.56
7. Provision for taxation
a) Current Taxes 2.84 0.16 4.95 1.91 0.96
b) Fringe Benefit Tax 0.45 - 0.90 0.60 2.68
8. Net Profit Before
Deferred Tax 22.07 1.74 38.35 20.18 4.92
Deferred Tax 8.63 1.28 13.99 8.34 2.55
9. Net Profit After
Deferred Tax 13.44 0.46 24.36 11.84 2.37
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 - - - - 36.24
12. Basic & diluted EPS
(in Rs.) 0.22* 0.01* 0.40* 0.19* 0.04
13. Aggregate of Non-
Promoters' Shareholding:
Number of Shares -- -- 3625737 3628785 3625737
Percentage of Shareholding-- -- 59.48 59.53 59.48
Notes:
*Not Annualised.
1. The above results were reviewed by the Audit Committee at
its meeting held on 29th October, 2007. The same was taken on
record by the Board of Directors of the Company along with
the review of the same by the Statutory Auditors at their
meeting held on 29th October, 2007.
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, 2007:
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.
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6. Adjustments, if any, on account of implementation of revised Accounting
Standard AS15(Employee Benefits) will be complied shortly.
For and
on behalf of the Board
Place: Chennai DR.G.V.CHALAPATHI
Date : 29.10.2007 MANAGING DIRECTOR