JINDAL PHOTO LIMITED
REGD OFF: 260/23 SHEETAL INDUSTRIAL ESTATE, DEMANI ROAD, DADRA, (UT OF D&NH)
Head Office : 11/5B, Basement, Opp. Telephone Exchange, Pusa Road, New Delhi -110 005 CIN L33209DN2004PLC000198, E-mail : cs_jphoto@jindalgroup.com
Website : www.jindalphoto.com, Fax : 91-11-25767029, Ph. : 91-11-25767000
STATEMENT OF STAND ALONE UNAUDITED FINANCIAL RESULTS FOR THE SECOND QUARTERPart-I
AND HALF YEAR ENDED ON 30TH SEPTEMBER, 2015 (Rs. in lacs except share data) S. PARTICULARS Quarter Quarter Quarter Half Year Half Year Year No. Ended Ended Ended Ended Ended ended 30.09.2015 30.06.2015 30.09.2014 30.09.2015 30.09.2014 31.03.2015 UN-AUDITED AUDITED-
INCOME FROM OPERATIONS
Gross Sales 5209 5047 9012 10256 18336 32582
Less : Sales Tax (refer note no. 2) 254 255 544 509 1112 1877
Less : Excise Duty 490 488 936 978 1904 3379
Net Sales / Income From Operations 4465 4304 7532 8769 15320 27326
Other Operating Income - - - - - - TOTAL INCOME FROM OPERATIONS ( a +b ) 4465 4304 7532 8769 15320 27326
-
EXPENSES
a) Cost of Materials consumed 3462 2810 5930 6272 10931 19486
Purchase of stock-in-trade 297 243 381 541 711 1390
Change in inventories of finished
goods, work-in-progress & stock-in-trade (336) 258 (275) (78) 771 958
Employee benefits expenses 172 151 182 323 341 754
Depreciation & amortisation expenses 54 54 61 108 122 245
- PROFIT/(LOSS) FROM OPERATIONS BEFORE OTHER INCOME, FINANCE COSTS AND EXCEPTIONAL ITEMS (1 - 2) (42) 92 69 50 44 130 4 OTHER INCOME 26 20 13 46 108 152 5 PROFIT/(LOSS) FROM ORDINARY ACTIVITES BEFORE FINANCE COSTS AND EXCEPTIONAL ITEMS (3 + 4) (16) 112 82 96 152 282 6 FINANCE COSTS 57 41 55 98 95 255
- PROFIT/(LOSS )FROM ORDINARY ACTIVITES AFTER FINANCE COSTS BUT BEFORE EXCEPTIONAL ITEMS (5-6) (73) 71 27 (2) 57 27
- EXCEPTIONAL ITEMS - - - - - -
- PROFIT/(LOSS) FROM ORDINARY ACTIVITIES BEFORE TAX ( 7- 8 ) (73) 71 27 (2) 57 27
-
TAX EXPENSE
Current Tax 39 70 - 109 - 19
Deferred Tax Liability/(Assets) - - - - - 11
Wealth Tax - - - - - -
(d) MAT Credit (39) (70) - (109) - -
(e) Income Tax related to prior period - - 11 - 11 - Total (a+b+c+d+e) - - 11 - 11 30
- NET PROFIT/(LOSS) FROM ORDINARY ACTIVITIES AFTER TAX (9-10) (73) 71 16 (2) 46 (3) 12 EXTRA ORDINARY ITEMS (NET OF TAX EXPENSE Rs. ..NIL) - - - - - - 13 NET PROFIT/ (LOSS) FOR THE PERIOD (11-12) (73) 71 16 (2) 46 (3) 14 PAID UP EQUITY SHARE CAPITAL (face value of Rs. 10/- each fully paid-up) 1026 1026 1026 1026 1026 1026 15 RESERVES EXCLUDING REVALUATION RESERVES AS PER BALANCE SHEET OF PREVIOUS ACCOUTNING YEAR - - - - - 26161 16 EARNINGS PER SHARE (Rs. 10/- per share)
Basic and diluted EPS before
Extraordinary items (Not Annualised) (0.72) 0.69 0.16 (0.02) 0.45 (0.02)
Basic and diluted EPS after
-
PUBLIC SHAREHOLDING
- Number of shares 2798511 2798511 2798511 2798511 2798511 2798511
- Percentage of shareholding 27.28% 27.28% 27.28% 27.28% 27.28% 27.28%
-
PROMOTERS AND PROMOTER GROUP SHAREHOLDING
Pledged / Encumbered
Number of Shares NIL NIL NIL NIL NIL NIL
Percentage of shares (as a % of the total shareholding of promoter
and promoter group) NIL NIL NIL NIL NIL NIL
Percentage of shares (as a % of
the total share capital of the Company) NIL NIL NIL NIL NIL NIL
Non-encumbered
- Number of Shares 7459815 7459815 7459815 7459815 7459815 7459815
Percentage of shares (as a % of the total shareholding of promoter
and promoter group) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Percentage of shares (as a % of
The above unaudited financial results have been reviewed by the audit committee and approved by the Board of Directors in their respective meetings held on 7th November, 2015, and a limited review of the same has been carried out by the statutory auditors of the Company.
The Administration of Union Territory of Dadra & Nager Haveli vide its Notification dated 31st December, 1999 granted exemption for sales tax to the company. In view of legal opinion received from experts and as per AS-12 such benefit being in nature of capital receipt has been reduced from Gross Sales and credited to Capital Reserve.
Provision for impairment of assets as required by AS -28, if any, will be made at the time of finalisation of annual accounts.
Segment Reporting as defined in AS -17 is not applicable.
The Board of Directors of Jindal Photo Limited at their meeting held on 12th January 2015 approved the scheme of arrangement ('the scheme') between Jindal Photo Limited ('Demerged Company') and Jindal Poly Films Limited ('Resulting Company') for the demerger of the demerged undertaking (as defined in part (III) of the Scheme - Business of Manufacture, production, sale and distribution of photohraphic products of demerged company into the Resulting Company. As per the scheme, the Demerged Undertaking of Jindal Photo Limited will stand transferred to the Resulting Company with effect from 1st April 2014, the Appointed Date. The scheme has already been approved by BSE Limited('BSE') and National Stock Exchange of India Limited ('NSE') vide letter dated 11.03.2015 & 12.03.2015 respectively. Equity shareholders and secured creditors of the Company has also approved the scheme in their respective meetings held on on 13th August'2015 as per the directionof Hon'ble High Court of judicature at Mumbai. Pending approval of the Honourable High Court of judicature at Mumbai, accounting treatment as prescribed in clause No. 5 of Part IV of the Scheme has not been given effect to in the financial statement for the year ended 31st March 2015 and the core operations to be transferred to the Resulting Company i.e. Business of Manufacture, production, sale and distribution of photohraphic products were carried on in trust for the period from 1st April 2014 till 31st March 2015 by the Demerged Company.
Figures for the previous year/ quarter have been regrouped /rearranged /recast wherever considered necessary.
Provision for diminution in the value of Investments, if any, will be made at the time of finalisation of annual accounts.
Deferred tax assets has not been recognised due to uncertainity of its realisation in future years.
Disclosure of Balance Sheet items as per clasue 41(V)(h) of the Listing Agreement : (Rs. / Lacs)
SHAREHOLDERS' FUNDS:
Share Capital
Reserves & Surplus
Money received against share warrants
Share application money pending allotment
Minority Interest
Non-current Liabilities
Long-term borrowings
Deferred tax liabilities(net)
Other long term liabilities
Long-term provisions
Current Liabilities
Short-term borrowings
Trade payables
Other current liabilities
Short-term provisions
Non-current assets
Fixed assets
Tangible assets
Capital work-in-progress
Non-current investments
Long-term loans and advances
Other non-current assets
Current assets
Current investments
Inventories
Trade receivables
Cash and cash equivalents
Short -term loans and advances
Other current assets
f) Other expenses 858 696 1184 1553 2400 4363
TOTAL EXPENSES ( a+b+c+d+e+f) 4507 4212 7463 8719 15276 27196Extraordinary items (Not Annualised) (0.72) 0.69 0.16 (0.02) 0.45 (0.02)
PART II A PARTICULARS OF SHAREHOLDINGthe total share capital of the Company) 72.72% 72.72% 72.72% 72.72% 72.72% 72.72%
PARTICULARS 3 (THREE) MONTHS ENDED 30.09.2015 B INVESTOR COMPLAINTSPending at the beginning of the quarter NIL
Received during the quarter 8
Disposed of during the quarter 8
Remaining unresolved at the end of the quarter NIL
Notes:-
Standalone Statement of Assets and Liabilities PARTICULARS | ASat 30.09.2015 | ASat 31.03.2015 |
Unaudited | Audited | |
A EQUITY AND LIABILITIES Sub-total-Shareholders' funds Sub-total-Non-current liabilities Sub-total-current liabilities TOTAL-EQUITY AND LIABILITIES B ASSETS Sub-total-Non-current Assets Sub-total-Current Assets TOTAL - ASSETS | 5766 | 5766 |
26668 | 26161 | |
- | - | |
32434 | 31927 | |
- | - | |
- | - | |
- | - | |
- | - | |
10 | 10 | |
- | - | |
10 | 10 | |
6353 | 4337 | |
272 | 295 | |
3054 | 3094 | |
1414 | 1271 | |
11093 | 8997 | |
43537 | 40935 | |
2172 | 2277 | |
1 | 1 | |
21662 | 25591 | |
48 | 39 | |
- | - | |
23883 | 27908 | |
- | - | |
4648 | 3403 | |
1007 | 1149 | |
241 | 443 | |
12672 | 7188 | |
1086 | 844 | |
19654 | 13027 | |
43537 | 40935 |
By order of the Board
for JINDAL PHOTO LIMITED
Place : New Delhi Sd./- (Shammi Gupta)
Dated : 07.11.2015 Managing Director (DIN : 00006384)
distributed by |