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| • |
Unaudited Financial Results (Provisional) for the Quarter and Half Year ended September 30, 2005 |
|
| DESCRIPTION |
FOR THE 3 MONTHS ENDED 30TH SEPTEMBER |
FOR THE HALF YEAR ENDED 30TH SEPTEMBER |
FOR
THE YEAR ENDED 31ST MARCH |
2005
UNAUDITED |
2004
UNAUDITED |
2005
UNAUDITED |
2004
UNAUDITED |
2005
AUDITED |
| 1. |
Gross
Sales/Income from operations |
21,358.96 |
19,104.42 |
42,674.06 |
38,970.30 |
74,570.51 |
| |
Less:
Excise Duty |
2,360.02 |
2,389.93 |
4,845.92 |
4,896.64 |
9,077.75 |
| 2. |
Net
Sales/Income from operation |
18,998.94 |
16,714.49 |
37,828.14 |
34,073.66 |
65,492.76 |
| 3. |
Other
Income |
2,026.56 |
33.82 |
2,100.37 |
106.17 |
2,590.31 |
| 4. |
Total Expenditure |
| (a) |
(Increase)
/ Decrease in Stock-in-trade |
1,748.25 |
(222.56) |
840.69 |
406.06 |
(1,778.13) |
| (b) |
Consumption
of Raw
Materials |
7,414.53 |
7,912.25 |
18,514.08 |
15,760.76 |
31,516.30 |
| (c) |
Staff
Cost |
1,626.84 |
1,750.61 |
3,282.17 |
3,403.46 |
6,892.74 |
| (d) |
Purchase
of Finished
Goods for resale |
1,761.48 |
997.94 |
2,324.71 |
1,450.78 |
3,639.47 |
| (e) |
Other
Expenditure |
4,358.97 |
4,288.71 |
8,338.37 |
8,655.22 |
17,132.44 |
| 5. |
Profit
before Depreciation, Interest, and Taxation
(2+3-4) |
4,115.43 |
2,021.36 |
6,628.49 |
4,503.55 |
10,680.25 |
| 6. |
Interest
and Exchange fluctuation (Net) |
1,452.01 |
1,219.33 |
2,387.69 |
3,753.25 |
3,999.38 |
| 7. |
Depreciation/Amortisation |
437.89 |
423.33 |
902.37 |
877.39 |
1,851.28 |
| 8. |
Profit
/( Loss) before tax |
2,225.53 |
378.69 |
3,338.43 |
(127.09) |
4,829.58 |
| 9. |
Provision for taxation |
|
-Current (Including
Wealth Tax) |
33.92 |
- |
201.01 |
- |
400.00 |
|
-Deferred Tax |
(100.64) |
(98.80) |
159.16 |
(161.21) |
(201.50) |
| |
-Fringe Benefit Tax |
41.96 |
- |
98.46 |
- |
- |
| 10. |
Net
Profit / (Loss) |
2,250.29 |
477.50 |
2,879.80 |
34.12 |
4,631.09 |
| 11. |
Paid
up equity Share
Capital |
2788.95 |
2788.95 |
2,788.95 |
2,788.95 |
2,788.95 |
| |
Face Value : Rs.5/-
per share. |
| 12. |
Reserves
and Surplus at the commencement of the year (Excluding Revaluation Reserve) |
|
|
|
|
27,047.58 |
| 13. |
Earning
Per Share (Basic & Diluted) for the
Period (Rs) (not annualised) |
4.03 |
0.86 |
5.16 |
0.06 |
8.30 |
| 14. |
Aggregate of Non-Promoters Share Holding |
| |
Number
of Shares |
25800459 |
24650993 |
25800459 |
24650993 |
26351567 |
| |
Percentage
of Share
holding |
46.25 |
44.19 |
46.25 |
44.19 |
47.24 |
| Notes |
| 1. |
The Company is engaged in the business of
manufacture and sale of dry cell batteries, flashlights and packet tea which come under a
single business segment known as Fast Moving Consumer Goods (FMCG) and there is no other
business and geographical segment as envisaged under Accounting Standard 17 issued by the
Institute of Chartered Accountants of India. |
| 2. |
Interest cost and Exchange fluctuation for the half
year ended 30th September 2005 is after taking into account expense by way of net exchange
loss of Rs. 171.67 Lakhs (half year ended 30th September 2004 – loss Rs. 1718.71
Lakhs) on translation of loans in foreign currency. |
| 3. |
There were no investor complaints pending at the
beginning and at the end of the quarter. Forty-four complaints were received and disposed
of during the quarter. |
| 4. |
Pursuant to a Scheme of Arrangement between
the Company and Eveready Company India Limited (now known as McLeod Russel India Limited
– MRIL , after change of name) and their respective shareholders, which was
sanctioned by the Hon’ble High Court at Calcutta by its Order dated January 17, 2005,
the erstwhile Bulk Tea Division of the Company had been demerged and transferred to and
vested in McLeod Russell India Ltd with retrospective effect from April 01, 2004. Hence in
order to make the figures comparable, those for the quarter ended September 30, 2004 and
half year ended September 30, 2004 have been restated after giving effect to the Scheme of
Arrangement as appropriate so as to reflect the results of the demerged entity for that
period. |
| 5. |
Trial proceedings before the Chief Judicial
Magistrate, Bhopal, on the modified charges framed under the directions of the Supreme
Court that commenced in September 1997, are yet to be concluded. The Company has been
advised by legal counsel that the allegations made against it in the material on record in
the case are without any firm basis, and do not satisfy the essential ingredients of the
charges framed. The possibilities of criminal proceedings succeeding and the Company being
convicted are extremely remote and the charges are very likely to fail, and hence, no
provision is necessary at this stage. |
| 6. |
The Company has entered into Share Transfer
Agreements with BPL Limited and with BPL Engineering Limited for the acquisition of
4,90,00,000 equity shares of Rs. 10 each representing the entire paid-up share capital of
BPL Soft Energy Systems Limited (‘BSESL’) for a total consideration of Rs. 45
crores which has been paid by the company on October 7, 2005. The formalities for
registration of transfer of the shares are under completion. BSESL is engaged in the
manufacture and marketing of dry cell batteries and flashlights. Its factory at Maddur,
Karnataka has a capacity of 240 million pieces of dry cell batteries per annum. |
| 7. |
Figures of the previous periods have been
regrouped/rearranged wherever considered necessary. |
| 8. |
The above statement was taken on record by the
Board of Directors of the Company at their meeting held on October 18, 2005. |
| 9. |
The quarterly results for the period ended 30th
September 2005, as appearing in the above statement have been subjected to a Limited
Review by the Auditors of the Company. |
|
|
Kolkata
October 18, 2005 |
EVEREADY
INDUSTRIES INDIA LIMITED
Suvamoy Saha
Director |
|
Close X
|
| • |
Unaudited Financial Results for the Quarter ended June 30, 2005 |
|
DESCRIPTION |
FOR THE QUARTER ENDED 30TH JUNE |
FOR THE YEAR ENDED 31ST MARCH |
2005
UNAUDITED |
2004
UNAUDITED |
2005
AUDITED |
| 1.
Gross Sales/Income from operations |
21,315.10 |
19,865.88 |
74570.51 |
| Less:
Excise Duty |
2,485.90 |
2,506.71 |
9,077.75 |
| 2.
Net Sales/Income from operations |
18,829.20 |
17,359.17 |
65492.76 |
| 3.
Other Income |
73.82 |
72.35 |
2,590.31 |
| 4. Total Expenditure |
| (a)
(Increase)/Decrease in stock-in-trade |
(907.56) |
628.62 |
(1,778.13) |
| (b)
Consumption of raw materials |
11,099.55 |
7,848.51 |
31,516.30 |
| (c)
Staff Cost |
1,655.34 |
1,652.85 |
6,892.74 |
| (d)
Purchase of Finished Goods for resale |
563.23 |
452.84 |
3,639.47 |
| (e)
Other Expenditure |
3,979.40 |
4,366.51 |
17,132.44 |
| 5.
Profit before Depreciation, Interest and Taxation (2+3-4) |
2,513.06 |
2,482.19 |
10680.25 |
| 6.
Interest and Exchange fluctuation (net) |
935.69 |
2,533.92 |
3,999.38 |
| 7.
Depreciation / Amortisation |
464.48 |
454.06 |
1,851.28 |
| 8.
Profit/(Loss) before Tax (5-6-7) |
1,112.89 |
(505.79) |
4829.59 |
| 9. Provision for Taxation-Current (including Wealth Tax)
- Deferred Tax
-
Fringe Benefit Tax |
167.09
259.80
56.50 |
-
(62.41)
- |
400.00
(201.50)
- |
| 10.
Net Profit / (Loss) (8-9) |
629.50 |
(443.38) |
4,631.09 |
| 11.
Paid-up equity share capital Face Value : Rs. 5/- per share |
2,788.95 |
2,788.95 |
2,788.95 |
| 12.
Reserves and Surplus (Excluding Revaluation Reserve) |
|
|
27047.59 |
| 13.
Earning per Share (basic & diluted) for the Period (Rs.) |
1.13 |
(0.79) |
8.30 |
| Notes |
- The Company is engaged in the business of manufacture and sale of
dry cell batteries, flashlights and packet tea which come under a single business segment
known as Fast Moving Consumer Goods (FMCG) and there is no other business and geographical
segment as envisaged under Accounting Standard 17 issued by the Institute of Chartered
Accountants of India.
- Interest cost and Exchange fluctuation is after taking into
account income by way of net exchange gain of Rs. 110.86 Lakhs (30th June 2004 - loss Rs.
1626.15 Lakhs) on translation of loans in foreign currency.
- There were no investor complaints pending at the beginning and at
the end of the quarter. Twenty-six complaints were received and disposed of during the
quarter.
- Pursuant to the order passed on January 17th 2005 by the Hon'ble
High Court at Calcutta, the erstwhile Bulk Tea Division of the Company had been demerged
and transferred to and vested in McLeod Russell India Ltd with retrospective effect from
April 01, 2004. Hence in order to make the figures comparable, those for the quarter ended
June 30, 2004 have been restated so as to reflect the results of the demerged entity for
that period.
- Trial proceedings before the Chief Judicial Magistrate, Bhopal, on
the modified charges framed under the directions of the Supreme Court that commenced in
September 1997, are yet to be concluded. The Company has been advised by legal counsel
that the allegations made against it in the material on record in the case are without any
firm basis, and do not satisfy the essential ingredients of the charges framed. The
possibilities of criminal proceedings succeeding and the Company being convicted are
extremely remote and the charges are very likely to fail, and hence, no provision is
necessary at this stage.
- Figures of the previous periods have been regrouped/rearranged
wherever considered necessary.
- The quarterly results for the period ended 30th June 2005, as
appearing in the above statement have been subjected to a Limited Review by the Auditors
of the Company.
- The above statement was taken on record by the Board of Directors
of the Company at their meeting held on July 25, 2005.
Kolkata
July 25, 2005 |
EVEREADY
INDUSTRIES INDIA LIMITED
Suvamoy Saha
Director |
Distribution
of Shareholding as on March 31, 2005 |
| |
Category |
No. of
Shares held |
Percentage of
Shareholding |
| A |
Promoter’s holding |
|
|
| 1. |
Promoters
- Indian Promoters
- Foreign Promoters |
24029119
5398316 |
43.08
9.68 |
| 2. |
Persons acting in Concert |
2289336 |
4.1 |
| |
Sub-total |
31716771 |
56.86 |
| B. |
Non-Promoters Holding |
|
|
3. |
Institutional Investors |
|
|
| a. |
Mutual Funds and UTI |
521887 |
0.93 |
| b. |
Banks, Financial Institution,
Insurance, Companies (Central / State Government Institutions / Non- government
Institutions) |
4734315 |
8.49 |
| c. |
FIIs |
1726951 |
3.1 |
| |
Sub-total |
6983153 |
12.52 |
4. |
Others |
|
|
| a. |
Private Corporate Bodies |
4189373 |
7.51 |
| b. |
Indian Public |
12060571 |
21.62 |
| c. |
NRIs / OCBs |
268320 |
0.48 |
| d. |
Other foreign
Companies |
560814 |
1.01 |
| |
Sub-total |
17079078 |
30.62 |
| |
GRAND TOTAL |
55779002 |
100 |
|
Names
of Entities / Persons holding more than 1% of the Share Capital |
| Indian Promoters : |
| Sl No. |
Name |
No. of Shares |
Percentage |
| 1 |
Williamson Financial Services
Ltd. |
6,378,725 |
11.44 |
| 2 |
Metals Centre Limited |
4,263,031 |
7.64 |
| 3 |
R.S. Jhawar (trustee) |
1,663,289 |
2.98 |
| 4 |
Williamson Magor & Co. Ltd |
10,993,019 |
19.71 |
Foreign
Promoters : |
| 1 |
Maknam McLeod Ltd.
(U.K) |
2,666,666 |
4.78 |
Persons
acting in concert : |
| |
- |
- |
- |
Institutional
Investors : |
| |
- |
- |
- |
| Mutual Funds and UTI : |
| |
- |
- |
- |
Banks,
Financial Institutions, Insurance Corporations : |
| 1 |
Life Insurance Corporation
of India |
1299448 |
2.33 |
| 2 |
General Insurance Corporation of
India |
846649 |
1.52 |
| 3 |
National Insurance Company Ltd. |
718064 |
1.29 |
| 4 |
New India Assurance Company Ltd. |
655359 |
1.17 |
| Notes |
| i) Total Foreign Shareholdings |
|
|
| Flls |
1726951 |
3.1 |
| Foreign Promoters |
5398316 |
9.68 |
| Foreign Companies |
560814 |
1.01 |
| Non Resident Indians |
268320 |
0.48 |
Total |
|
14.27 |
| ii) The Company has not
issued any GDRs and ADRs. |
|
|
Close X
|
| • |
Audited Financial Results for the year ended March 31, 2005
|
|
| DESCRIPTION |
FOURTH QUARTER ENDED 31ST MARCH |
FINANCIAL YEAR ENDED 31ST MARCH |
2005
UNAUDITED |
2004
UNAUDITED |
2005
AUDITED |
2004
AUDITED |
| 1. |
Gross
Sales/Income from operations |
17,003.45 |
21,256.69 |
74,570.51 |
96,823.68 |
| |
Less:
Excise Duty |
1,929.88 |
1,960.91 |
9,077.75 |
8,771.31 |
| 2. |
Net
Sales/Income from operation |
15,073.57 |
19,295.78 |
65,492.76 |
88,052.37 |
| 3. |
Other
Income |
2,239.20 |
214.65 |
2,590.31 |
1,262.63 |
| 4. |
Total Expenditure |
| (a) |
(Increase)
/ Decrease in Stock-in-trade |
(1,962.83) |
4,884.68 |
(1,778.13) |
(159.13) |
| (b) |
Consumption
of Raw Materials |
7,816.70 |
5,321.44 |
31,516.30 |
26,617.65 |
| (c) |
Staff Cost |
1,719.98 |
3,855.06 |
6,892.74 |
21,791.31 |
| (d) |
Purchase
of Finished Goods for resale |
1,629.19 |
1,314.12 |
3,639.47 |
3,830.50 |
| (e) |
Other
Expenditure |
4,172.29 |
7,905.82 |
17,132.44 |
30,750.60 |
| 5. |
Profit
before Depreciation, Interest, and Taxation (2+3-4) |
3,937.45 |
(3,770.69) |
10,680.24 |
6,484.07 |
| 6. |
Interest
and Exchange fluctuation (Net) |
873.18 |
180.60 |
3,999.38 |
4,225.35 |
| 7. |
Depreciation |
537.48 |
826.63 |
1,851.28 |
3,198.26 |
| 8. |
Profit /(
Loss) before tax |
2,526.80 |
(4,777.92) |
4,829.58 |
(939.54) |
| 9. |
Provision for taxation |
|
-Current |
400.00 |
(75.00) |
400.00 |
35.00 |
|
-Deferred Tax |
(201.50) |
(786.65) |
(201.50) |
(936.27) |
| 10. |
Net Profit
/ (Loss) |
2,328.30 |
(3,916.27) |
4,631.08 |
(38.27) |
| 11. |
Paid up
equity Share Capital |
2,788.95 |
5,577.91 |
2,788.95 |
5,577.91 |
| |
Face Value : Rs.5/- per share. |
| 12. |
Reserves
and Surplus (Excluding Revaluation Reserve) |
27,047.58 |
19,627.55 |
27,047.58 |
19,627.55 |
| 13. |
Earning
Per Share (Basic & Diluted) for the Period/ Year (Rs) |
4.17 |
(7.02) |
8.30 |
(0.07) |
| 14. |
Aggregate of Non- Promoters Share Holding |
| |
Number of
Shares |
26351567 |
24895693 |
26351567 |
24895693 |
| |
Percentage
of Share holding |
47.24 |
44.63 |
47.24 |
44.63 |
| Notes |
| 1. |
The Company is engaged in the business of
manufacture and sale of dry cell batteries, flashlights and packet tea which come under a
single business segment known as Fast Moving Consumer Goods (FMCG) and there is no other
business segment of the company as envisaged under Accounting Standard 17 issued by the
Institute of Chartered Accountants of India. |
| 2. |
| (a) |
Pursuant to a Scheme of Arrangement between the
Company and Eveready Company India Limited (now known as McLeod Russel India Limited
(MRIL) after change of name) and their respective shareholders, which was sanctioned by
the High Court at Calcutta by its Order dated January 17, 2005, the Assets and Liabilities
of the Bulk Tea Division of the Company were transferred to and vested in MRIL with effect
from April 1, 2004. The Scheme has been given effect to in these accounts in accordance
with the said High Court Order. |
| (b) |
Pursuant to the Scheme the paid up Share Capital of
the Company stand reduced from Rs.55,77,90,020 divided into 5,57,79,002 Equity Shares of
Rs.10 each to Rs.27,88,95,010 divided into 5,57,79,002 Equity Shares of Rs.5 each fully
paid up by cancellation of paid up Share Capital to the extent of Rs.5 out of each of the
said fully paid up Equity Shares of Rs. 10 and by reduction of the nominal amount of all
the Equity Shares in the Company's Capital from Rs. 10 to Rs. 5 each. |
|
| 3. |
The adjustment to Revaluation Reserve of (a)
difference between the assets and liabilities of Bulk Tea Division amounting to Rs
45,832.84 Lakhs and (b) the recognition of the self generated intangible asset, being the
brand 'Eveready' and the effect of valuation/ restatement/ revision of certain assets and
liabilities of the Company amounting to Rs 52,965.46 Lakhs which has been in pursuance of
the scheme approved by the High Court at Calcutta is not in accordance with the Accounting
Standards and other guidance on accounting issued by the Institute of Chartered
Accountants of India. Had these been accounted for in accordance with the Accounting
Standards and other guidance on accounting issued by the Institute of Chartered
Accountants of India, the net impact (debit) on the Profit & Loss Account for the year
would have been Rs.54,037.81 Lakhs. |
| 4. |
Trial proceedings before the Chief Judicial
Magistrate, Bhopal, on the modified charges framed under the directions of the Supreme
Court that commenced in September 1997, are yet to be concluded. The Company has been
advised by legal counsel that the allegations made against it in the material on record in
the case are without any firm basis, and do not satisfy the essential ingredients of the
charges framed. The possibilities of criminal proceedings succeeding and the Company being
convicted are extremely remote and the charges are very likely to fail, and hence, no
provision is necessary at this stage. |
| 5. |
In computing the ‘Net Profit’ for
managerial remuneration, the carried forward loss of Rs.11,956.28 Lakhs, which stands
adjusted against General Reserves pursuant to the Scheme, has not been taken into account,
based on legal opinion received. |
| 6. |
Interest cost and Exchange fluctuation is after
taking into account expenditure by way of net exchange loss of Rs. 256.32 Lakhs (31st
March 2004 – gain Rs. 2,672.96 Lakhs) on translation of loans in foreign currency. |
| 7. |
There were no investor complaints pending at the
beginning and at the end of the quarter. Twelve complaints were received and disposed off
during the quarter. |
| 8. |
The figures for the current year are not comparable
with those of the previous year as the figures for previous year include transactions
relating to the Bulk Tea Division subsequently transferred to MRIL |
| 9. |
Figures of the previous periods have been
regrouped/rearranged wherever considered necessary. |
| 10. |
The above statement was taken on record by the
Board of Directors of the Company at their meeting held on April 28, 2005. |
|
|
Kolkata
April 28, 2005 |
EVEREADY
INDUSTRIES INDIA LIMITED
Suvamoy Saha
Director |
|
Close X
|
|
