AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2009
(Rs.in lakhs)
  Standalone Consolidated
Sr. No. Particulars Current Year ended 31/03/2009 (Audited) Previous Year ended 31/03/2008 (Audited) Current Year ended 31/03/2009 (Audited) Previous Year ended 31/03/2008 (Audited)
1. (a) Gross Sales/Income from Operations 103,025.61 89,033.75 109,933.96 95,604.77
  Less: Duties & Levies 14,116.97 13,302.78 14,801.04 14,098.74
  Net Sales / Incomes from Operations 88,908.64 75,730.97 95,132.92 81,506.03
  (b) Other Operating Income 164.98 116.96 93.59 5.91
  Total Income 89,073.62 75,847.93 95,226.51 81,511.94
2. Expenditure
  a)  (Increase)/Decrease stock in trade 959.73 (4,617.15) (10,413.09) (4,845.16)
  b)  Consumption of Raw Material 31,247.40 31,672.94 44,013.12 35,338.89
  c)  Purchase of Traded Goods 23,983.03 22,178.77 24,906.41 22,574.04
  d)  Employees Cost 5,090.18 3,647.99 5,672.14 4,066.87
  e)  Depreciation 3,117.10 2,329.81 3,488.24 2,658.84
  f)  Other expenditure 19,022.92 14,801.74 20,431.86 15,799.82
  g)  Total 83,420.36 70,014.10 88,098.68 75,593.30
3. Profit from Operations before Other income, Interest and Exceptional Items 5,653.26 5,833.83 7,127.83 5,918.64
4. Other Income 12.71 -- -- --
5. Profit before Interest and Exceptional Items 5,665.97 5,833.83 7,127.83 5,918.64
6. Interest and Finance Charges (net) 3,962.76 2,692.14 5,273.35 3,006.57
7. Profit after interest but before Exceptional Items 1,703.21 3,141.69 1,854.48 2,912.07
8. Exceptional Items (520.64) 4,643.22 -- 4,660.91
9. Profit from Ordinary Activities before Tax 1,182.57 7,784.91 1,854.48 7,572.98
10. Tax Expense
  - Current Tax 290.00 1,650.00 416.38 1,770.39
  - Deffered tax 177.79 267.84 188.27 232.47
  - Fringe Benefit Tax 105.00 115.00 108.06 118.23
  - (Excess)/Short Provision for Tax (0.35) 16.26 35.85 16.86
11. Adjustment for Minority Interest -- -- (36.20) (35.55)
12. Net Profit from Ordinary Activities after Tax 610.13 5,735.81 1,069.72 5,399.48
13. Extra Ordinary Items (Net of Tax Expenses) -- -- -- --
14. Net Profit for the Year 610.13 5,735.81 1,069.72 5,399.48
15. Paid-up Equity Share Capital 1,278.23 1,278.23 1,278.23 1,278.23
  (Face Value of Rs.10/- per Share)
16. Reserves excluding Revaluation Reserves 19,861.58 19,520.55 19,772.25 18,769.03
17. Earnings Per Share (EPS)
  (a) Basic and diluted EPS before exceptional Item for the period (Rs.) 8.85 16.79 8.37 14.02
  (b) Basic and diluted EPS after exceptional Item for the period (Rs.) 4.77 44.87 8.37 42.24
18. Public Shareholding:
  a) Number of shares 3,674,959 3,674,339 3,674,959 3,674,339
  b) Percentage of Shareholding 28.75% 28.75% 28.75% 28.75%
19. Promoters and Promoter Group Shareholding
  (a) Pledged/ Encumbered
  - Number of Shares Nil Nil
  - Percentage of shares (as a % of the total shareholding of promoter and promoter group) Nil Nil
  - Percentage of shares (as a % of the total share capital of the company) Nil Nil
   
  (b) Non-encumbered
  - Number of Shares 9107385 9107385
  - Percentage of shares (as a % of the total shareholding of promoter and promoter group) 100.00% 100.00%
  - Percentage of shares (as a % of the total share capital of the company) 71.25% 71.25%
 
SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED (Rs in lakhs)
    Standalone Consolidated
Sr. No. Particulars Current Year ended 31/03/2009 Audited Previous Year ended 31/03/2008 Audited Current Year Ended 31-03-2009 Audited Previous Year Ended 31-03-2008 Audited
1. Segment Revenue
  (a) Plastic 78,094.24 70,220.57 83,052.87 74,886.33
  (b) Lifestyle Furniture, Furnishings & Accessories 11,166.53 5,697.27 11,166.53 5,884.14
  (c) Property Development -- --
  (d) Others - Storage Systems, etc. 1,388.19 922.43
  Total 89,260.77 75,917.84 95,607.59 81,692.90
  Less: Inter Segment Revenue 352.13 186.87 474.67 186.87
  Net Income from Operations 88,908.64 75,730.97 95,132.92 81,506.03
2. Segment Results
  (a) Plastic 7,740.73 7,095.27 9,470.10 7,453.31
  (b) Lifestyle Furniture, Furnishings & Accessories (1,250.35) (790.38) (1,250.35) (790.38)
  (c) Property Development (11.31)
  (d) Others - Storage Systems, etc. (58.61) (239.71)
  Total 6,490.38 6,304.89 8,149.83 6,423.22
  Less:
  Interest & Finance Charges (Net) 3,962.76 2,692.14 5,273.35 3,006.57
  Other Un-allocable expenditure net of un-allocable income 824.41 471.06 1,058.20 540.13
  Add: Exceptional Income/(Expense) (520.64) 4,643.22 -- 4,660.91
  Total Profit before Tax after minority Interest 1,182.57 7,784.91 1,818.28 7,537.43
3. Capital Employed (segment Assets-Segment Liabilities)
  (a) Plastics 37,268.59 43,413.76 39,127.80 45,002.63
  (b) Lifestyle Furniture, Furnishings & Accessories 7,671.36 6,317.25 7,671.36 6,317.25
  (c) Property Development 11,169.97
  (d) Others - Storage Systems, etc. 1,941.61 2,312.50
  (e) Unallocable 4,696.02 3,131.68 (297.66) 169.20
 
NOTES:
1) The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 13th June, 2009.
2) The Board of Directors have recommended a final dividend of Rs.2/- per equity share (20%) subject to the Approval of the Shareholders.
3) Exceptional Items - The Company has provided for Rs. 520.64 lakhs for diminution in the value of its investments in overseas subsidiary at Bangladesh, based on an expert's valuation.
4) The Board of Directors has approved the disposal of the Company’s investment in its subsidiary, ‘Starshine Land Developers Private Limited’ (engaged in Property development business).
5) The consolidated results constitute figures of Subsidiaries in India, Sri Lanka, Bangladesh and U.A.E.and the Company's Joint venture in India with BITO Lagertechnik Bittmann GMBH, Germany.
6) With a view to follow a consistent accounting policy, the Company has not adopted the option provided under notification no. GSR 225(E) Dated 31st March,2009, issued by Government of India, in relation to accounting for exchange differences arising on reporting of long term foreign currency items due to currency rate fluctuations.
7) The Company did not have any investor complaints pending as on 1st January, 2009 and as on 31st March, 2009. Two complaints were received and disposed off during the quarter.
8) Previous Year figures have been regrouped and reclassified, wherever necessary.
 
By order of the Board
For Nilkamal Limitedsd/-
Sharad V. Parekh    
Managing Director   
Place: Mumbai
Date: 13th June, 2009
 
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