AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2007
(Rs.in lakhs)
Sr. No. Particulars Nine Months Ended On 31/12/2006 (Unaudited) Qtr. Ended On 31/03/2007 (Unaudited) Qtr. Ended On 31/03/2006 (Unaudited) Current Year ended on March 31, 2007 (Audited) Previous Accounting Year ended, on March 31, 2006 (Audited) Year Ended Consolidated Results (Audited) 31-03-2007 31-03-2006
1. Gross Sales/Income from Operations 35,002.70 14,810.36 11,952.79 49,813.06 39,654.15 54,778.92 44,654.41
  Less: Duties & Levies 2,599.88 1,140.51 1,025.06 3,740.39 3,418.07 3,740.39 3,418.07
2. Net Sales 32,402.82 13,669.85 10,927.73 46,072.67 36,236.08 51,038.53 41,236.34
3. Other Income 91.31 33.31 298.16 124.61 358.13 45.03 20.93
4. Total Income 32,494.13 13,703.16 11,225.89 46,197.28 36,594.21 51,083.56 41,257.27
5. Total Expenditure
  a)  (Increase)/Decrease stock in trade (2,437.46) 1,127.34 1,214.17 (1,310.12) (12.94) (5,002.77) (83.07)
  b)  Consumption of Raw Material 14,993.67 5,507.72 3,660.88 20,501.39 16,269.05 23,652.35 19,718.41
  c)  Purchase of goods 11,453.24 3,930.06 3,691.62 15,383.30 10,798.57 19,395.26 10,838.31
  d)  Staff Cost 1,276.75 497.61 375.08 1,774.35 1,310.11 2,051.38 1,552.11
  e)  Other expenditure 4,895.02 1,821.07 1,252.17 6,716.09 4,984.55 7,412.08 5,693.62
    30,181.22 12,883.80 10,193.92 43,065.01 33,349.34 47,508.30 37,719.38
6. Profit before Interest, Depreciation & Tax 2,312.91 819.36 1,031.97 3,132.27 3,244.87 3,575.26 3,537.89
7. Interest & Finance Charges 731.08 122.78 178.24 853.86 611.20 1,248.25 725.97
8. Depreciation 1,161.71 377.01 439.65 1,538.72 1,671.46 1,726.25 1,971.39
9. Profit before Taxation 420.12 319.57 414.08 739.69 962.21 600.76 840.53
10. Prior Period Adjustments -- -- -- -- -- (15.44) --
11. Provision for Taxation
  -Current 130.00 45.00 105.00 175.00 310.00 241.33 462.92
  -Deffered tax (92.00) 17.50 13.11 (74.50) (101.89) (103.84) (147.10)
  -Fringe Benefit Tax 26.00 12.00 19.00 38.00 50.00 38.00 50.00
  -Excess/(Short) Provision for Tax 60.23 33.40 80.52 93.63 80.52 93.63 76.38
12. Adjustment for Minority Interest -- -- -- -- -- (20.03) 33.47
13. Net Profit 416.35 278.47 357.49 694.82 784.62 523.49 517.62
14. Paid-up Equity Share Capital 857.47 857.47 857.47 857.47 857.47 857.47 857.47
  (Face Value of Rs.10/- per Share)
15. Reserves excluding Revaluation Reserves N.A. N.A. N.A. 12,214.67 11,820.82 11,759.97 11,606.62
16. Basic and diluted EPS for the period 4.86 3.25 4.17 8.10 9.15 6.11 6.04
  (not to be annualised)
17. Aggregate of Public Shareholding:
  a) Number of shares 3,653,339 3,653,339 3,672,539 3,653,339 3,672,539 3,653,339 3,672,539
  b) Percentage of Shareholding 42.61% 42.61% 42.83% 42.61% 42.83% 42.61% 42.83%
 
SEGMENT WISE REVENUE , RESULTS AND CAPITAL EMPLOYED (Rs in lakhs)
  Stand Alone Consolidated
Sr. No. Particulars Nine Months Ended 31/12/2006 Qtr. Ended 31/03/2007 Qtr. Ended 31/03/2006 Current Year ended 31/03/2007 Previous Year ended 31/03/2006 Year Ended 31-03-2007 Year Ended 31-03-2006
1. Segment Revenue              
  (a) Plastic Articles 30,594.10 12,896.37 10,660.60 43,490.46 35,751.25 48,161.33 40,751.51
  (b) Lifestyle Furniture, furnishings & Accessories 1,808.72 773.48 267.13 2,582.21 484.83 2,582.21 484.83
  (c) Others -- -- -- -- -- 295.00 --
  Net Income from Operations 32,402.82 13,669.85 10,927.73 46,072.67 36,236.08 51,038.53 41,236.34
2. Segment Results (Profit/Loss before tax & Interest)
  (a) Plastic Articles 1,823.36 707.16 598.77 2,530.52 2,137.22 2,849.39 2,474.78
  (b) Lifestyle Furniture, Furnishings & Accessories (485.08) (215.08) (176.89) (700.16) (615.14) (700.16) (615.14)
  (b) Others -- -- -- -- -- 32.93 --
  Total 1,338.28 492.08 421.88 1,830.36 1,522.08 2,182.16 1,859.64
  Less:
  Interest 731.08 122.78 178.24 853.86 611.20 1,248.25 725.97
  Other Un-allocable expenditure net of un-allocable income 187.08 49.73 (170.44) 236.81 (51.33) 333.15 293.14
  Total Profit before Tax 420.12 319.57 414.08 739.69 962.21 600.76 840.53
3. Capital Employed (segment Assets-Segment Liabilities)
  (a) Plastic Articles 19,614.05 20,178.03 17,667.62 20,178.03 17,667.62 22,093.38 19.701.07
  (b) Lifestyle Furniture, Furnishings & Accessories 2,642.35 2,755.39 1,507.28 2,755.39 1,507.28 2,755.39 1,507.28
  (c) Others -- -- -- -- -- 4,965.49 --
 
NOTES:
1) The above results were reviewed by the Autdit committee and taken on record by the Board of Directors at their Meeting held on 28th June, 2007.
2) The Board of Directors have recommended a dividend of 30%.
3) The consolidated results constitute figures of Subsidiaries in India, Sri Lanka and Bangladesh and the Company's Joint venture in India with BITO Lagertechnik Bittmann GMBH, Germany.
4) The Company has opened it's Eighth '@home' store at Vashi, Mumbai on 18th May, 2007.
5) The Company has during the quarter, made a further investment of Rs. 2.28 crore towards equity contribution in its Subsidiary Nilkamal Padma Plastics Private Limited at Bangladesh.
6) The Joint Venture company 'Nilkamal Bito Storage System Private Limited' set up to manufacture storage systems of metal for providing intralogistic solutions commenced trial production in April, 2007 and is expected to stabilise it's operation shortly. The Company has contributed Rs. 9.25 crore towards Equity of the said Joint Venture.
7) The Company is also setting up a plant at Jammu at an estimated cost of Rs. 20 crore for the manufacture of moulded Plastic articles. The project is currently under progress.
8) Nilkamal Bhoomi Devlopers Private Limited, subsidiary has acquired property at Mumbai for real estate development, which is expected to be completed within a period of eighteen months.
9) The Bombay Stock Exchange Limited (BSE) and The National Stock Exchange of India Limited (NSE) have issued 'No Objection' letters to the scheme of Amalgamation of Nilkamal Crates and Bins Private Limited and Stackwell Marketing Services Private Limited with the Company with effect from 01/04/2007. The Hon'ble Bombay High Court has directed a meeting of the Equity Shareholders of the Company at it's registered office at Silvassa on 20th July 2007.
10) The Company has, vide Business Transfer Agreement (BTA), acquired for a total consideration of Rs. 25 Crore, the Material handling business of Prince Containers private Limited and Prince Multi Plast Private Limited, controlled & owned by Shri Mulchand S. Chedda & Shri Arvind S. Chedda, This acquisition will help the Company to further consolidate it's position in the plastic processing Industry.
11) The Company did not have any investor complaints pending as on 1st January, 2007 and as on 31st March, 2007. Three complaints in the form of correspondences were received and disposed off during the quarter ended on 31st March, 2007.
12) Previous Period/Year figures have been regrouped and reclassified, wherever necessary.
 
By order of the Board
For Nilkamal Plastics Limitedsd/-
Sharad V. Parekh    
Managing Director   
Place: Mumbai
Date: 28th June, 2006
 
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