UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 31ST DECEMBER,2008
(Rs in lacs)
                   3 months ended    Corresponding 3 months ended in the previous year Year to date  figures for the current period  ended Year to date  figures for the previous year ended Previous  accounting year ended 
31.12.2008 31.12.2007 31.12.2008 31.12.2007 31.03.2008
Unaudited Unaudited Unaudited Unaudited  Audited 
  (1) (2) (3) (4) (5) (6)
1. Net Sales/Income from operations

1,437.49

1,268.63

5,115.10

4,609.22

6,008.73

2. Expenditure          
  (a) (Increase)/Decrease in stock in trade and work in progress (492.95) (802.62) (546.92) (965.66) (932.85)
  (b) Consumption of raw materials 662.46 656.36 2,275.13 2,060.75 2,649.17
  (c) Purchase of traded goods 168.91 521.19 192.17 684.86 620.02
  (d) Employees cost 204.32 169.02 602.63 530.31 737.74
  (e) Depreciation 31.46 22.84 96.19 67.11 98.65
  (f)  Other expenditure          
  Power & Fuel 217.09 213.04 712.17 681.18 679.24
  Freight 205.31 123.80 593.66 489.48 660.26
  Selling expenses 40.89 26.85  85.41 79.48 116.10
  Others 213.68 161.59 513.43 514.27 681.34
  (g)Total 1,251.17   1,092.07 4,523.87

4,141.78

  5,309.67
3. Profit from operations before other income, interst & exceptional items (1-2) 186.32 176.56 591.23 467.44 699.06
4. Other Income 7.97 10.15  12.85 213.93 219.88
5. Profit before interst & exceptional items (3-4) 194.29 186.71 604.08 681.37 918.94
6. Interest  131.39 73.30 348.86

205.30

305.97
7. Profit after interst but before exceptional items (5-6) 62.90 113.41 255.22 476.07 612.97
8. Exceptional items -   - - - -
9. Profit (+)/Loss (-) from ordinary activities before tax (7-8) 62.90 113.41 255.22 476.07 612.97
10. Tax Expense          
      - Current Tax 4.63 8.99  28.63 34.81 55.14
      - Deferred Tax 14.16 20.16  75.74 70.94 102.25
     - Fringe Benefit Tax 2.06 0.74 6.42

5.47

8.00
11. Net Profit (+)/Loss (-) from ordinary activities after tax (9-10) 42.05 83.52 144.43

364.85

447.58
12. Extraordinary Item (net of tax expense )   - -   - - -
13. Net Profit (+)/Loss (-) for the period (11-12) 42.05 83.52 144.43

364.85

447.58
14. Paid-up Equity Share Capital (face value of Rs.10/-) 1832.74 1832.74 1,832.74 1,832.74 1,832.74
15. Reserve excluding revaluation reserves as per balance sheet of previous accounting year 484.35 83.52 484.35 388.37 339.92
16. Earning 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 annualised) 0.23 0.46 0.79 1.9 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 annualised) 0.23 0.46 0.79 1.99 2.44
17. Public Shareholding          
     - Number of Shares  12,628,673 13,381,600 12,628,673

13,381,600

13,231,600

     - Percentage of Shareholding 68.91 73.01  68.91

73.01

72.20


NOTES:- 

1)   Freight is 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)   Necessary adjustment for liabilities towards defined benefit plans (AS-15) for the current quarter will be carried out at the end of the current financial year.  

3)   Lower net profit as in Item No.11 is due to the reduction in other income in Item No.4 on account of lower income from sale of eucalyptus seedlings to Rs.1.42 lacs (Previous period Rs.166.30 lacs). The eucalyptus seedlings were affected by Galle virus throughout South East Asia and has affected all major countries having eucalyptus plantations like China, Indonesia, Malaysia, India, Bangladesh and Thailand etc. 

4)   Purchases include import of MDF Boards aggregating to Rs.187.86 lacs (Previous period Rs.444.32 lacs).

5)

a)

Others under other expenditure (Item No.2f), includes, stores & spares consumed Rs.219.08  lacs (Previous period Rs.203.10 lacs).

 

b)

Others under other expenditure (Item No.2f) includes Rs.19.08 lacs as loss from Exchange Fluctuation (Previous period gain Rs.17.23 lacs). 

6)   Information on investor complaints for the quarter ended 31st December, 2008 (in nos.)


Opening Balance of Complaints

Received during
the Quarter

Disposed of during
the Quarter

Closing
Balance

-

5

5

-


7)   Figures of the previous period have been regrouped / rearranged wherever considered necessary. 

8)   The results for the quarter ended 31st December, 2008 are after the "Limited Review" by the Auditors of the Company. 

9)   The above results have been approved by the Board of Directors in their meeting held on 19th January, 2009. 

10)  Since there is only one Segment at present no Segment reporting is made. 

11)  The results of the Company are available at the Company's web site www.mangalamtimber.com 


Place :  Kolkata 
Date  :  19th January, 2009 		For MANGALAM TIMBER PRODUCTS LIMITED
SARVADAMAN RAY
MANAGING DIRECTOR

UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 30TH SEPTEMBER'2008

RS. IN LACS

                    3 months ended Corresponding
3 months ended
in the previous		 Year to date
figures for the
current period
ended		 Year to date
figures for the
previous year
ended		 Previous
accounting
year ended
30.09.2008 30.09.2007 30.09.2008 30.09.2007 31.03.2008
  Gross Sales #REF! 1793.49 3,960.51 3,629.03 6,499.18
  Less: Excise Duty #REF! 129.53 282.91 288.44 490.45
    Unaudited Unaudited  Unaudited  Unaudited  Audited
  (1) (2) (3) (4) (5) (6)
1. (a) Net Sales/Income from operations 1,936.23 1,663.96 3,677.61 3,340.59 6,008.73
  (b) Other operating income  - - -   - -
2. Expenditure          
  (a) (Increase)/Decrease in stock in trade and work in progress (93.40) (234.05) (53.97) (163.04)  (932.85)
  (b) Consumption of raw materials 943.95 765.40 1,612.67 1,404.39 2,649.17
  (c) Purchase of traded goods 17.83 120.74   23.26 163.67 620.02
  (d) Employees cost 191.34 172.63 398.31 361.29 737.74
  (e) Depreciation 40.07 21.93   64.73 44.27   98.65
  (f)  Other expenditure          
  Power & Fuel 267.99 237.33 495.08 468.14 679.24
  Selling expenses 210.02 207.93 432.87 418.31 776.36
  Others 160.34 193.80 299.75 352.69 681.34
  (g)Total 1,738.14 1,485.71 3,272.70 3,049.72 5,309.67
3. Profit from operations before other income, interst & exceptional items (1-2) 198.09 178.25 404.91 290.87 699.06
4. Other Income 0.71 177.79   4.88 203.78 219.88
5. Profit before interst & exceptional items (3-4) 198.80 356.04 409.79 494.65 918.94
6. Interest 114.78 66.00 217.47 132.00 305.97
7. Profit after interst but before exceptional
items (5-6)		 84.02 290.04 192.32 362.65 612.97
8. Exceptional items   - - -   - -
9. Profit (+)/Loss (-) from ordinary activities before tax (7-8)   84.02   290.04 192.32 362.65 612.97
10. Tax Expense          
      - Current Tax 14.90 18.16   24.00 25.82   55.14
     - Deferred Tax 62.15 33.36   61.58 50.78 102.25
     - Fringe Benefit Tax 2.86 2.91   4.36 4.73   8.00
11. Net Profit (+)/Loss (-) from ordinary activities after tax (9-10) 4.11   235.61 102.38 281.32 447.58
12. Extraordinary Item (net of tax expense )   - - -   - -
13. Net Profit (+)/Loss (-) for the period (11-12) 4.11   235.61 102.38 281.32 447.58
14. Paid-up Equity Share Capital (face value of Rs.10/-) 1832.74 1832.74 1,832.74 1,832.74 1,832.74
15. Reserve excluding revaluation reserves as per balance sheet of previous accounting year 442.30 235.61 442.30 304.84 339.92
16. Earning 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 annualised) 0.02  1.29  0.56  1.53  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 annualised) 0.02   1.29   0.56 1.53   2.44
17. Public Shareholding          
     - Number of Shares 12,734,600 13,554,600   12,734,600  13,554,600   13,231,600
     - Percentage of Shareholding   69.48   73.96   69.48 73.96   72.20
 

NOTES:-

1)

a)

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.

 

b)

Other expenditure includes Rs.17.38 lacs as loss from Exchange Fluctuation (Previous period gain Rs.17.61 lacs).

2)   Necessary adjustment for liabilities towards defined benefit plans (AS-15) for the current quarter will be carried out at the end of the current financial year.

3)   Other income for the period is Rs.0.71 lac as compared to the previous period of Rs.177.79 lacs. The reduction in other income is due to negligible sales of seedlings during the current period as eucalyptus plants were affected by galle virus.

4)   Purchases include import of MDF Boards aggregating to Rs. 23.26 lacs (Previous period Rs.86.21 lacs).

5)   Information on investor complaints for the quarter ended 30th September, 2008 (in nos.)



Opening Balance of Complaints

Received during the Quarter

Disposed of 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 September, 2008 are after the "Limited Review" by the Auditors of the Company.

8)  The above results have been approved by the Board of Directors in their meeting held on 31st October, 2008.

9)  The results of the Company are available at the Company's web site www.mangalamtimber.com 


Place : Kolkata
Date: 31st October, 2008

For MANGALAM TIMBER PRODUCTS LIMITED
SARVADAMAN RAY
MANAGING DIRECTOR

 

UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 30TH JUNE'2008

RS. IN LACS

  Quarter ended Year ended
30th JUNE'2008 30th JUNE'2007 31st MARCH'2008
01 Gross Sales 1,876.21   1,835.54 6,499.18
  Less: Excise Duty 134.83 158.91 490.45
  Net Sales 1,741.38   1,676.63 6,008.73
02 Other Income 4.17 25.99 219.88
03 Total Income 1,745.55   1,702.62 6,228.61
04 Expenditure      
  a) (Increase)/Decrease in stock in trade 39.43 71.01 (932.85)
  b) Consumption of raw materials 668.72 638.99 2,649.17
  c) Purchases  * 5.43  42.93 620.02
  d) Employees cost 206.97 188.66 737.74
  e) Depreciation 24.66 22.34   98.65
  f) Other expenditure      
     - Power & Fuel 227.09 230.81 679.24
     - Selling expenses 222.85 210.38 776.36
     - Others 139.41 158.89 681.34
  g)Total 1,534.55   1,564.01 5,309.67
05 Interest  102.69 66.00 305.97
06 Exceptional Items - -   -
07 Profit before Tax 108.31 72.61 612.97
08 Tax Expenses      
     - Current Tax 9.10   7.66   55.14
     - Deferred Tax (0.57) 17.42 102.25
     - Fringe Benefit Tax 1.50   1.82 8.00
09 Net Profit after Tax 98.28 45.71 447.58
10 Extraordinary Items - -   -
11 Net Profit for the period 98.28 45.71 447.58
12 Paid-up Equity Share Capital (Face value Rs.10/-) 1,832.74   1,832.74 1,832.74
13 Reserves excluding revaluation reserve 438.20 69.23 339.92
14 Basic and diluted EPS for the period, for the year to date and for the Previous Year (In Rs.) 0.54  0.25 2.44
15 Aggregate of Public Shareholding      
     - Number of Shares 13,131,600 13,979,600   13,231,600
     - Percentage of Shareholding 71.65 76.28  72.20

NOTES:-

1)

a)

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.

 

b)

Other expenditure includes Rs.9.04 lacs as loss from Exchange Fluctuation (Previous quarter gain Rs.16.42 lacs).

2)   Necessary adjustment for liabilities towards defined benefit plans (AS-15) for the current quarter will be carried out at the end of the current financial year.

3)   As "Formaldehyde" is no more a reportable segment it has been excluded from "Segment Reporting".

4)   * Purchases include import of MDF Boards aggregating to Rs. NIL (Previous period Rs.41.52 lacs).

5)   Information on investor complaints for the quarter ended 30th June, 2008 (in nos.)


Opening Balance of Complaints

Received during the Quarter

Disposed of during the Quarter

Closing Balance

Nil

1

1

Nil

6)   Figures of the previous period have been regrouped / rearranged wherever considered necessary.

7)   The results for the quarter ended 30th June, 2008 are after the "Limited Review" by the Auditors of the Company.

8)  The above results have been approved by the Board of Directors in their meeting held on 16th July, 2008.

9)  The results of the Company are available at the Company's web site www.mangalamtimber.com


Place : Kolkata
Date:  16th July, 2008

For MANGALAM TIMBER PRODUCTS LIMITED
SARVADAMAN RAY
MANAGING DIRECTOR