AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2009
(RS IN LACS)
Particulars
3 months Ended 31.03.2009
Corresponding 3 months ended in the previous year 31.03.2008
Year to date figures for current period ended 31.03.09
Previous accounting year ended 31.03.2008
Audited
Audited
Audited
Audited
1.
(a) Net Sales/Income from Operations
1,981.70
1,399.51
7,096.80
6,008.73
(b) Other Operating Income
-
-
1,981.70
1,399.51
7,096.80
6,008.73
2.
Expenditure
a. (Increase)/decrease in stock in trade and work in progess
182.53
32.81
(364.39)
(755.76)
b. Consumption of raw materials
792.06
588.42
3,067.19
2,649.17
c. Purchase of traded goods
138.99
(64.84)
331.16
442.93
d. Employees cost
231.43
207.43
834.06
737.74
e. Depreciation
14.08
31.54
110.27
98.65
f. Other expenditure:
- Power & Fuel
213.92
(1.94)
926.09
679.24
- Freight & Delivery chgs
222.85
186.96
861.51
701.42
- Selling expenses
22.28
20.44
62.69
74.94
- Others
107.79
167.07
621.22
681.34
g. Total
1,925.93
1,167.89
6,449.80
5,309.67
3.
Profit from Operations before other income, interest and exceptional items (1-2)
55.77
231.62
647.00
699.06
4.
Other Income
50.34
5.95
63.19
219.88
5.
Profit before Interest and Exceptional Items (3+4)
106.11
237.57
710.19
918.94
6.
Interest
67.33
100.67
416.19
305.97
7.
Profit after Interest but before Exceptional Items (5-6)
38.78
136.91
294.00
612.97
8.
Exceptional Items
-
-
-
-
9.
Profit (+)/ Loss (-) from Ordinary Activities before tax (7+8)
38.78
136.91
294.00
612.97
10.
Tax expense:
- Current Tax
5.57
20.33
34.20
55.14
- Deferred Tax
23.83
31.31
99.57
102.25
- Fringe Benefit Tax
4.58
2.53
11.00
8.00
11.
Net Profit (+)/Loss(-) from Ordinary Activities after tax (9-10)
4.80
82.74
149.23
447.58
12.
Extraordinary Item (net of tax expense Rs…….)
-
-
-
-
13.
Net Profit (+)/Loss(-) for the period (11-12)
4.80
82.74
149.23
447.58
14.
Paid-up equity share capital (Face value of Rs.10/-)
1,832.74
1,832.74
1,832.74
1,832.74
15.
Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year
54.30
80.20
489.15
339.92
16.
Earnings Per Share (EPS)
(a) Basic and diluted EPS before Extraordinary items for the period, for the year to date and for the previous year (not to be annualized)
0.03
0.45
0.81
2.44
(b) Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year (not to be annualized)
0.03
0.45
0.81
2.44
17.
Public shareholding
- Number of shares
12401163
13231600
12401163
13231600
- Percentage of shareholding
67.66
72.20
67.66
72.20
18
Promoters and promoter group Shareholding
a) Pledged/Encumbered
- Number of shares
-
-
-
-
- Percentage of shares (as a % of the total shareholding of promoter and promoter group)
-
-
-
-
- Percentage of shares (as a % of the total share capital of the company)
-
-
-
-
b) Non-encumbered
- Number of shares
5926237
5095800
5926237
5095800
- Percentage of shares (as a % of the total shareholding of promoter and promoter group)
100
100
100
100
- Percentage of shares (as a % of the total share capital of the company)
32.34
27.80
32.34
37.80
NOTES:-
1.The Directors are pleased to recommend a Dividend of 6% (Re.0.60 per Equity Share of Rs.10) for the year (Previous year Re.0.60).
2.Freight as included in selling expenses is charged to account on incurrence/ accrual at the time of removal of finished goods from the factory. Therefore, this may not necessarily relate to sales achieved during a particular period. However, this is according to the accounting policy consistently followed by the company.
3.Lower net profit for the year as in Item No.11 is due to the reduction in other income in Item No.4 from sale of eucalyptus seedlings to Rs.13.76 lacs (Previous year Rs.166.30 lacs).
The eucalyptus seedlings were affected by Gall virus throughout South East Asia and has affected all major countries having eucalyptus plantations like China, Indonesia, Malaysia, India, Bangladesh and Thailand etc.
4.As per BIFR order a rebate on Electricity Duty aggregating to Rs.157.76 was availed of by reducing Power & Fuel as per Sl.No.2(f) during the previous year which was not available in the current year under review.
5.Information on investor complaints for the quarter ended 31st March, 2009 (in nos.)
Opening Balance of
Complaints
Received during
the Quarter
Disposed off during
The Quarter
Closing
Balance
NIL
3
3
NIL
6.Figures of the previous period have been regrouped / rearranged wherever considered necessary.
7.The above results have been approved by the Board of Directors in their meeting held on 29th April, 2009.
8.The results of the Company are available at the Company's web site www.mangalamtimber.com.
Place : Kolkata
For MANGALAM TIMBER PRODUCTS LIMITED
Date : 29th April, 2009
SARVADAMAN RAY
MANAGING DIRECTOR
Audited Financial Results for the year ended 31st March, 2008
RS. IN LACS
9 Month
QUARTER ENDED
YEAR ENDED
Ended
31st Dec'07
31st
March'08
31st
March'07
31st
March'08
31st
March'07
Unaudited
Audited
Audited
Audited
Audited
01
Gross Sales
5,008.92
1490.26
2056.75
6499.18
7960.92
Less: Excise Duty
399.70
90.75
276.73
490.45
958.34
Net Sales
4609.22
1,399.51
1,780.02
6008.73
7002.58
02
Other Income
213.93
5.95
104.12
219.88
316.84
03
Total Income
4823.15
1,405.46
1,884.14
6228.61
7319.42
04
Total Expenditure
a) Increase/(Decrease) in stock in trade
(965.66)
32.81
(28.01)
(932.85)
365.81
b) Consumption of raw materials
2,060.75
588.42
789.69
2,649.17
2,943.41
c) Purchases
684.86
(64.84)
3.68
620.02
128.48
d) Employees cost
530.31
207.43
175.73
73747
648.52
e) Depreciation
67.11
31.54
18.89
98.65
75.98
f) Other expenditure
- Power & Fuel
681.18
(1.94)
212.00
679.24
816.45
- Selling expenses
568.96
207.40
220.25
776.36
939.09
- Others
514.27
167.07
67.87
681.34
605.83
g) Total
4141.78
1167.89
1460.10
5309.67
6523.57
05
Interest
205.30
100.67
73.21
305.97
239.90
06
Exceptional Items
-
-
-
-
-
07
Profit before Tax
476.05
136.91
350.83
612.97
555.95
08
Tax Expenses
- Current Tax
34.81
20.33
37.47
55.14
46.00
- Deferred Tax
70.94
31.31
115.55
102.25
136.73
- Fringe Benefit Tax
5.47
2.53
3.66
8.00
9.50
09
Net Profit After Tax
364.84
82.74
194.15
447.58
363.72
10
Extraordinary Items
-
-
-
-
-
11
Net Profit for the period
364.84
82.74
194.15
447.58
363.72
12
Paid-up Equity Share Capital
(Face value Rs.10/-)
1,832.74
1,832.74
1,832.74
1,832.74
1,832.74
13
Reserves excluding revaluation reserve
388.37
80.20
-
468.57
23.52
14
Basic and diluted EPS for the period, for the year to date and for the Previous Year (In Rs.)
1.99
0.45
1.06
2.44
1.98
15
Aggregate of Non - Promoter Shareholding
- Number of Shares
13,231,600
13,953,531
- Percentage of Shareholding
0
0
0
72.20
76.13
Audited Financial Results for the year ended 31st March, 2007
RS. IN LACS
9 Month
QUARTER ENDED
YEAR ENDED
Ended
31st Dec'06
31st
March'07
31st
March'06
31st
March'07
31st
March'06
Unaudited
Audited
Audited
Audited
Audited
01
Gross Sales
5,904.17
2,056.75
1,507.89
7,960.92
5,908.58
Less: Excise Duty
681.61
276.73
210.90
958.34
759.51
Net Sales
5,222.56
1,780.02
1,296.99
7,002.58
5,149.07
02
Other Income
212.72
104.12
53.45
316.84
167.75
03
Total Expenditure
a) Increase/(Decrease) in stock in trade
(393.82)
28.01
272.68
(365.81)
484.12
b) Consumption of raw materials
2,153.72
789.69
722.90
2,943.41
2,432.41
c) Purchases
124.80
3.68
32.85
128.48
104.90
d) Staff cost
472.79
175.73
146.57
648.52
565.76
e) Other expenditure
- Power & Fuel
604.45
212.00
173.61
816.45
751.71
- Selling expenses
718.84
220.25
166.91
939.09
704.11
- Others
537.96
67.87
202.63
605.83
576.67
04
Interest
166.69
73.21
52.84
239.90
178.17
05
Profit before Depreciation and Tax
262.21
369.72
124.81
631.93
487.21
06
Depreciation
57.09
18.89
18.52
75.98
75.65
07
Profit Before Taxation
205.12
350.83
106.29
555.95
411.56
08
Provision for Taxation
- Current Tax
8.53
37.47
7.72
46.00
25.72
- Deferred Tax
21.18
115.55
20.60
136.73
92.50
- Fringe Benefit Tax
5.84
3.66
2.25
9.50
7.25
09
Net Profit
169.57
194.15
75.72
363.72
286.09
10
Paid-up Equity Share Capital
(Face value Rs.10/-)
1,832.74
1,832.74
1,832.74
1,832.74
1,832.74
11
Reserves excluding revaluation reserve
-
-
-
23.52
(340.20)
12
Basic and diluted EPS for the period, for the year to date and for the Previous Year (In Rs.)
0.93
1.06
0.41
1.98
1.56
13
Aggregate of Non-Promoter Shareholding
- Number of Shares
13,953,531
13,953,531
- Percentage of Shareholding
0
0
0
76.13
76.13
NOTES:-
1.The Directors are pleased to recommend a Dividend of 6% (Re.0.60 per Equity Share of Rs.10) for the year (Previous year NIL).
2.Freight as included in selling expenses is charged to account on incurrence/ accrual at the time of removal of finished goods from the factory. Therefore, this may not necessarily relate to sales achieved during a particular period. However, this is according to the accounting policy consistently followed by the company.
3.Net Sales Rs.6008.73 lacs (Previous year Rs.7002.58 lacs) includes Formaline Sales of Rs.13.18 lacs (Previous year Rs.524.73 lacs) as Formaline produced was only used for internal consumption.
Particle Board sales discontinued during the year was Rs.49.13 lacs (Previous year Rs.154.02 lacs). Sales and Production of Popular Grade was discontinued during the year as this was not remunerative.
4.Purchases include import of MDF Boards aggregating to Rs.538.00 lacs for the year ended 31st March, 2008.
5.Credit Balance of Rs.64.84 lacs as per Sl. No.4(c) purchases for the quarter ended 31st March, 2008 is due to adjustments relating to earlier quarters and for regrouping of figures..
6.Credit Balance of Rs.1.94 lacs for Power & Fuel as per Sl. No.4(f) is on account of Electricity Duty aggregating to Rs.157.76 lacs adjusted as income for the quarter ended 31st March, 2008 as per BIFR order.
7.The Company has adopted Accounting Standard 15 Employee Benefits (revised 2005) with effect from 1st April, 2007.
8.Information on investor complaints for the quarter ended 31st March, 2008 (in nos.)
Opening Balance of
Complaints
Received during
the Quarter
Disposed off during
The Quarter
Closing
Balance
NIL
10
10
NIL
9.Figures of the previous period have been regrouped / rearranged wherever considered necessary.
10.The above results have been approved by the Board of Directors in their meeting held on 29th April, 2008.
11.The results of the Company are available at the Company's web site www.mangalamtimber.com
Place : Kolkata
For MANGALAM TIMBER PRODUCTS LIMITED
Date : 29th April, 2008
SARVADAMAN RAY
MANAGING DIRECTOR
NOTES:-
1.Freight as included in selling expenses is charged to account on incurrence/ accrual at the time of removal of finished goods from the factory. Therefore, this may not necessarily relate to sales achieved during a particular period. However, this is according to the accounting policy consistently followed by the company.
2.Denotes Other Income of Rs.16.42 lacs as gain from Exchange Fluctuation.
3.The Institute of Chartered Accounts of India has issued a revised Accounting Standard (AS-15) on Employee Benefits effective from 1st April, 2007. The liabilities for defined benefit plans are being reviewed in terms of the requirement of the said Accounting Standard and accordingly necessary adjustments will be carried out at the end of the current financial year. However, the impact on account of this is not likely to be material on the financial results.
4.Purchases include import of MDF Boards aggregating to Rs.41.52 lacs.
5.Information on investor complaints for the quarter ended 30th June, 2007 (in nos.)
Opening Balance of
Complaints
Received during
the Quarter
Disposed off during
The Quarter
Closing
Balance
-
5
5
-
6.Figures of the previous period have been regrouped / rearranged wherever considered necessary.
7.The results for the quarter ended 30th June, 2007 are after the “Limited Review†by the Auditors of the Company.
8.The above results have been taken on record in the Board of Directors meeting held on 24th July, 2007.
9.The results of the Company are available at the Company's web site www.mangalamtimber.com
Place : Kolkata
For MANGALAM TIMBER PRODUCTS LIMITED
Date : 24th July, 2007
SARVADAMAN RAY
MANAGING DIRECTOR
NOTES:-
1.During the current financial year 2006-07, the Company after adjusting all past accumulated losses has a credit balance of Rs.8.52 lacs in the Profit & Loss A/c which is reflected in the Reserves & Surplus schedule annexed to the Balance Sheet.
2.Freight as included in selling expenses is charged to account on incurrence/ accrual at the time of removal of finished goods from the factory. Therefore, this may not necessarily relate to sales achieved during a particular period. However, this is according to the accounting policy consistently followed by the company.
3.Information on investor complaints for the quarter ended 31st March, 2007 (in nos.)
Opening Balance of
Complaints
Received during
the Quarter
Disposed off during
The Quarter
Closing
Balance
-
6
6
-
4.The Twenty Third Annual General Meeting of the Company will be held on 27th August, 2007 at 10.00 A.M. at the registered Office of the Company at Vill. Kusumi, Post & Dist. Nabarangpur, Pin - 764 059, Orissa. In view of the above the Register of Members and Share Transfer Books of the Company shall remain closed from 12th August, 2007 to 26th August, 2007 (both days inclusive).
5.Figures of the previous period have been regrouped / rearranged wherever considered necessary.
6.The above results have been taken on record in the Board of Directors meeting held on 24th April, 2007.
7.The results of the Company are available at the Company's web site www.mangalamtimber.com
Place : Kolkata
For MANGALAM TIMBER PRODUCTS LIMITED
Date : 24th April, 2007
SARVADAMAN RAY
MANAGING DIRECTOR
Quarterly reporting of segment wise revenue, results and capital employed, under clause 41 of the listing agreement
9 Month
Quarter Ended
Year Ended
Ended
31.12.2007
31st
March,2008
31st
March,2007
31st
March,2008
31st
March,2007
Unaudited
Audited
Audited
Audited
Audited
1
Segment Revenue (Net sale/income from each segment)
a) Segment – Medium Density Fibre Board
4341.91
1259.08
1923.89
5600.99
7028.37
b) Segment – Formaldehyde
426.09
131.64
374.68
557.73
1372.63
c) Others
651.64
231.19
26.87
882.83
327.52
Total
5419.64
1621.90
2325.44
7041.55
8728.52
Less: Inter Segment Revenue
410.72
131.64
268.69
542.37
767.60
Gross sales/Income
5008.92
1490.27
2056.75
6499.18
7960.92
Less : Excise Duty
399.70
90.75
276.73
490.45
958.34
Net sales/Income from Operations
4609.22
1399.52
1780.02
6008.73
7002.58
2
Segment Results (Profit before tax and interest from each segment)
a) Segment – Medium Density Fibre Board
118.26
434.84
327.93
553.10
346.05
b) Segment – Formaldehyde
(1.86)
87.76
42.65
85.90
172.37
c) Others
497.67
(268.84)
(27.77)
228.83
53.20
Total
614.07
253.76
342.81
867.82
571.62
Less: i. Interest
205.30
100.67
73.21
305.97
239.90
ii. Other un-allocable (income)/
expenditure net off of
un-allocable income/expenditure.
(67.30)
16.18
(81.23)
(51.12)
(224.23)
Total Profit Before Tax
476.07
136.91
350.83
612.97
555.95
3
Capital Employed (Segment assets – Segment liabilities)
a) Segment – Medium Density Fibre Board
3406.78
4682.07
3122.25
4682.07
3122.25
b) Segment – Formaldehyde
(34.55)
135.40
(24.66)
135.40
(24.66)
c) Segment – Unallocable
584.78
387.86
369.41
387.86
369.41
Total
3957.01
5205.33
3467.00
5205.33
3467.00
9 Month
Quarter Ended
Year Ended
Ended
31.12.2006
31st
March,2007
31st
March,2006
31st
March,2007
31st
March,2006
Unaudited
Audited
Audited
Audited
Audited
1
Segment Revenue (Net sale/income from each segment)
a) Segment - Medium Density Fibre Board
5104.48
1923.89
1181.56
7028.37
4947.36
b) Segment - Formaldehyde
997.95
374.68
292.06
1372.63
988.95
c) Others
300.65
26.87
193.52
327.52
442.32
Total
6403.08
2325.44
1667.14
8728.52
6378.63
Less: Inter Segment Revenue
498.91
268.69
159.25
767.60
470.05
Gross sales/Income
5904.17
2056.75
1507.89
7960.92
5908.58
Less : Excise Duty
681.61
276.73
210.90
958.34
759.51
Net sales/Income from Operations
5222.56
1780.02
1296.99
7002.58
5149.07
2
Segment Results (Profit before tax and interest from each segment)
a) Segment - Medium Density Fibre Board
18.12
327.93
117.70
346.05
419.74
b) Segment - Formaldehyde
129.72
42.65
52.39
172.37
101.40
c) Others
80.98
(27.77)
0.72
53.20
19.94
Total
228.82
342.81
170.81
571.62
541.08
Less: i. Interest
166.69
73.21
52.84
239.90
178.17
ii. Other un-allocable (income)/
expenditure net off of
un-allocable income/expenditure.
(142.99)
(81.23)
11.68
(224.23)
(48.65)
Total Profit Before Tax
205.12
350.83
106.29
555.95
411.56
3
Capital Employed (Segment assets - Segment liabilities)
a) Segment - Medium Density Fibre Board
2604.36
3122.25
2977.60
3122.25
2977.60
b) Segment - Formaldehyde
(73.45)
(24.66)
(198.30)
(24.66)
(198.30)
c) Segment - Unallocable
448.33
369.41
283.60
369.41
283.60
Total
2979.24
3467.00
3062.90
3467.00
3062.90
NOTES:
Figures of the previous period have been regrouped / rearranged wherever considered necessary.
Audited Financial Results for the year ended 31st March, 2006
RS. IN LACS
9 Month
QUARTER ENDED
YEAR ENDED
Ended
31st Dec'05
31st
March'06
31st
March'05
31st
March'06
31st
March'05
Unaudited
Audited
Audited
Audited
Audited
01
Gross Sales
4,400.69
1,507.89
1,394.72
5,908.58
6,171.62
Less: Excise Duty
548.61
210.90
180.04
759.51
744.29
Net Sales
3,852.08
1,296.99
1,214.68
5,149.07
5,427.33
02
Other Income
114.30
53.45
91.20
167.75
99.50
03
Total Expenditure
a) Increase/(Decrease) in stock in trade
211.44
272.68
(161.34)
484.12
(419.42)
b) Consumption of raw materials
1,709.51
722.90
413.60
2,432.41
1,899.83
c) Purchases
72.05
32.85
1.59
104.90
35.00
d) Staff cost
419.19
146.57
125.22
565.76
499.03
e) Other expenditure
- Power & Fuel
578.10
173.61
150.32
751.71
702.79
- Selling expenses
537.20
166.91
117.51
704.11
727.15
- Others
374.04
202.63
218.44
576.67
598.89
04
Interest
125.33
52.84
11.01
178.17
172.75
05
Profit before Depreciation and Tax
362.40
124.81
106.85
487.21
471.97
06
Depreciation
57.13
18.52
24.63
75.65
172.63
07
Exceptional Items
- Waiver of Interest for earlier year
-
-
221.28
-
221.28
08
Profit Before Taxation
305.27
106.29
303.50
411.56
520.62
09
Provision for Taxation
- Current Tax
18.00
7.72
-
25.72
-
- Deferred Tax
71.90
20.60
231.79
92.50
231.79
- Fringe Benefit Tax
5.00
2.25
-
7.25
-
10
Net Profit
210.37
75.72
71.71
286.09
288.83
11
Paid-up Equity Share Capital
(Face value Rs.10/-)
1,832.74
1,832.74
1,832.74
1,832.74
1,832.74
12
Reserves excluding revaluation reserve
-
-
-
(340.20)
(626.29)
13
Basic and diluted EPS for the
period, for the year to date and for the Previous Year (In Rs.)
1.15
0.41
0.39
1.56
1.58
14
Aggregate of Non-Promoter Shareholding
- Number of Shares
13,953,531
13,953,431
- Percentage of Shareholding
76.13
76.13
NOTES:
Place : Kolkata
FOR MANGALAM TIMBER PRODUCTS LIMITED
Date : 19th April, 2006
G. S. GUPTA
MANAGING DIRECTOR
Quarterly reporting of segment wise revenue, results and capital employed, under clause 41 of the listing agreement
9 Month
Quarter Ended
Year Ended
Ended
31.12.2005
31st
March,2006
31st
March,2005
31st
March,2006
31st
March,2005
Unaudited
Audited
Audited
Audited
Audited
1
Segment Revenue (Net sale/income from each segment)
a) Segment - Medium Density Fibre Board
3765.80
1181.56
1337.26
4947.36
5883.59
b) Segment - Formaldehyde
696.89
292.06
166.00
988.95
681.53
c) Others
248.80
193.52
1.43
442.32
37.14
Total
4711.49
1667.14
1504.69
6378.63
6602.26
Less: Inter Segment Revenue
310.80
159.25
109.97
470.05
430.64
Gross sales/Income
4400.69
1507.89
1394.72
5908.58
6171.62
Less : Excise Duty
548.61
210.90
180.04
759.51
744.29
Net sales/Income from Operations
3852.08
1296.99
1214.68
5149.07
5427.33
2
Segment Results Profit before tax and
interest from each segment
a) Segment - Medium Density Fibre Board
302.04
117.70
(21.09)
419.74
359.76
b) Segment - Formaldehyde
49.01
52.39
(1.59)
101.40
30.99
c) Others
19.22
0.72
(0.16)
19.94
2.14
Total
370.27
170.81
(22.84)
541.08
392.89
Less: i. Interest
125.33
52.84
11.01
178.17
172.75
ii. Other un-allocable (income)/
expenditure net off of
un-allocable income/expenditure.
(60.33)
11.68
(337.35)
(48.65)
(300.48)
Total Profit Before Tax
305.27
106.29
303.50
411.56
520.62
3
Capital Employed(Segment assets - Segment liabilities)
a) Segment - Medium Density Fibre Board
2464.35
2977.6
2325.57
2977.6
2325.57
b) Segment - Formaldehyde
6.75
(198.30)
186.78
(198.30)
186.78
c) Segment - Unallocable
227.85
283.60
269.01
283.60
269.01
Total
2698.95
3062.90
2781.36
3062.90
2781.36
NOTES:
Figures of the previous period have been regrouped / rearranged wherever considered necessary.
