|
JAI CORP LTD.
AUDITED STANDALONE FINANCIAL
RESULTS FOR THE
YEAR ENDED 31st MARCH, 2008 |
(Rs.
In Lakhs, Except Per Share
Data) |
| S.No |
Particulars
|
Unaudited |
Audited |
| Quarter Ended |
Year Ended |
| 31.03.2008 |
31.03.2007 |
31.03.2008 |
31.03.2007 |
| 1 |
Turnover |
11,491
|
5,818
|
32,791
|
27,089
|
| |
Less: Excise duty/Service
tax recovered |
560 |
179 |
1,938
|
751 |
| 2 |
Net Turnover |
10,931
|
5,639
|
30,853
|
26,338
|
| 3 |
Other Income |
3,826
|
2,434
|
12,948
|
7,922
|
| 4 |
Total Income |
14,757 |
8,073 |
43,801 |
34,260 |
| 5 |
EXPENDITURE |
|
|
|
|
| |
a) (Increase)/decrease in
Stock in trade and work in process
|
363 |
264 |
(391)
|
2,714
|
| |
b) Consumption of Raw Materials
|
3,885
|
2,025
|
12,906
|
10,636
|
| |
c) Purchase of Traded Goods
|
3,641
|
1,116
|
8,704
|
6,502
|
| |
d) Employees' Cost |
614 |
321 |
1,930
|
1,210
|
| |
e) Depreciation |
448 |
272 |
1,484
|
996 |
| |
f) Other Expenditure |
1,797
|
1,311
|
5,218
|
3,867
|
| |
Total Expenditure |
10,748
|
5,309
|
29,851
|
25,925
|
| 6 |
Interest & Financial Charges
|
120 |
149 |
590 |
506 |
| 7 |
Exceptional Item |
- |
- |
- |
- |
| 8 |
Profit from ordinary Activities
before tax |
3,889
|
2,615
|
13,360
|
7,829
|
| 9 |
Provision for Taxation |
|
|
|
|
| |
Current Tax |
221 |
255 |
1,194
|
791 |
| |
MAT Credit |
(215)
|
44 |
(736)
|
(425)
|
| |
Fringe Benefit Tax |
5 |
4 |
17 |
14 |
| |
Deferred Tax |
(3) |
216 |
70 |
265 |
| 10 |
Net Profit after tax |
3,881
|
2,096
|
12,815
|
7,184
|
| 11 |
Paid-up Equity Share Capital
of Re.1/- |
1,785
|
863 |
1,785
|
863 |
| |
each(Previous Period / Year
Rs.10/- each) |
|
|
|
|
| 12 |
Reserves excluding Revaluation
Reserves as |
- |
- |
254,121
|
33,021
|
| |
per Balance sheet |
|
|
|
|
| 13 |
Earning per Shares (Face
value of Re 1/- each) |
2.22
|
* 1.21*
|
7.34
|
4.16
|
| |
(Basic & Diluted) (*Not annualised)
|
|
|
|
|
| 14 |
Public Shareholding |
|
|
|
|
| |
Number of Shares |
49,016,610
|
1,064,111
|
49,016,610
|
1,064,111
|
| |
Percentage of Shareholding
|
27.46%
|
12.33%
|
27.46%
|
12.33%
|
| |
|
|
|
|
|
Notes:
- The above results were reviewed
by the Audit Committee, taken on
record by the Board at its meeting
held on 10th May 2008 and approved
the same for release.
- The Board has recommended dividend
(i) @ 1% on 1,50,00,000 Non Cumulative
Non Participating Redeemable Preference
Shares of face value Re.1/- each
on pro-rata basis from the date
of allotment till 31st March, 2008
and (ii) @ 100% on 4,90,16,610 Equity
Share of face value of Re. 1/- each.
- Other income for the quarter
and year ended 31st March 2008,
includes profit on sale of investments
of Rs. 1,495 Lacs and Rs. 8,500
Lacs respectively.
-
During the
year, Urban Infrastructure Venture
Capital Ltd., Urban Infrastructure
Trustees Ltd., Jai Corp Finance
& Holding Ltd., Jai Realty
Ventures Ltd., Jai Infraprojects
Ltd., Ekdant Realty & Developers
Pvt. Ltd., Hari Darshan Realty
Pvt. Ltd., Hill Rock Construction
Pvt. Ltd., Hind Agri Properties
Pvt. Ltd., Iconic Realtors Pvt.
Ltd., Krupa Realtors Pvt. Ltd.,
Rudradev Developers Pvt. Ltd.,
Vasant Bahar Realty Pvt. Ltd.,
Yug Developers Pvt. Ltd., Rainbow
Infraprojects Pvt. Ltd., Novelty
Realty & Developers Pvt. Ltd.,
Ashoka Realty & Developers
Pvt. Ltd., Dev Realty & Developers
Pvt. Ltd., Rejoice Land Developers
Pvt. Ltd., Swastik Land Developers
Pvt. Ltd., Samrat Realty &
Developers Pvt. Ltd.,Swar Land
Developers Pvt. Ltd., Jai Laxmi
Realty & Developers Pvt. Ltd.,
Awas Realtors Pvt. Ltd., Krupa
Land Pvt. Ltd., Urban Gas Ltd.,
Urban Gas Distribution Ltd., Urban
Gas Suppliers Ltd., have become
subsidiaries of the Company.
- 'Figures for the corresponding
period of the previous year / quarter
have been reworked / regrouped /
re-arranged wherever necessary to
be in line with the current year/quarter.
- 5 Investors complaints were pending
as on 1st January 2008, 544 complaints
were received during the last quarter
and all the complaints were resolved
during the quarter. There were no
investor complaints as on 31st March
2008.
Place : Mumbai
Dated : 10th May 2008 |
For and on Behalf
of the Board
Virendra Jain
Managing Director |
JAI CORP LTD.
SEGMENT WISE REVENUE, RESULTS
AND CAPITAL EMPLOYED
FOR THE YEAR ENDED 31st MARCH,
2008 |
(Rs.
In Lacs) |
| |
Unaudited |
Audited |
|
| DESCRIPTION |
Quarter Ended |
Year Ended |
Audited
Year ended |
| 31.03.2008 |
31.03.2007 |
31.03.2008 |
31.03.2007 |
31.03.2007 |
31.03.2007 |
| |
|
|
|
|
|
|
| 1. SEGMENT REVENUE |
|
|
|
|
|
|
| Steel |
4,937
|
2,582
|
15,163
|
15,609
|
15,163
|
15,609
|
| Plastic Processing |
5,978
|
1,709
|
15,241
|
5,688
|
15,461
|
5,994
|
| Spinning |
576 |
1,527
|
2,387
|
5,792
|
2,387
|
5,792
|
| Other |
- |
- |
- |
- |
2,611
|
- |
| Total Segment Revenue
|
11,491
|
5,818
|
32,791
|
27,089
|
35,622
|
27,395
|
| Less: Inter Segment Revenue
|
- |
- |
- |
- |
- |
- |
| Less: Excise duty/Service
tax recovered |
560 |
179 |
1,938
|
751 |
2,208
|
751 |
| Total Revenue |
10,931
|
5,639
|
30,853
|
26,338
|
33,414
|
26,644
|
| |
|
|
|
|
|
|
| 2. SEGMENT RESULTS |
|
|
|
|
|
|
| Steel |
310 |
1,070
|
701 |
1,277
|
701 |
1,277
|
| Plastic Processing |
932 |
119 |
2,318
|
429 |
2,390
|
471 |
| Spinning |
(73)
|
21 |
(262)
|
144 |
(262)
|
144 |
| Other |
- |
- |
- |
- |
1,400
|
- |
| Total Segment Results
|
1,169
|
1,210
|
2,757
|
1,850
|
4,229
|
1,892
|
| Less: Interest & Finance
Charges |
120 |
149 |
590 |
506 |
590 |
506 |
| Less:- Other unallocable
Expenditure net off |
772 |
634 |
597 |
790 |
597 |
790 |
| Add:- Other unallocable income
|
3,612
|
2,188
|
11,790
|
7,275
|
11,790
|
7,275
|
| |
|
|
|
|
|
|
| Total Profit before
tax |
3,889
|
2,615
|
13,360
|
7,829
|
14,832
|
7,871
|
| |
|
|
|
|
|
|
| 3. CAPITAL EMPLOYED |
|
|
|
|
|
|
| Steel |
2,277
|
3,861
|
2,277
|
3,861
|
2,277
|
3,861
|
| Plastic Processing |
21,278
|
6,239
|
21,278
|
6,239
|
21,644
|
6,530
|
| Spinning |
2,862
|
2,235
|
2,862
|
2,235
|
2,862
|
2,235
|
| Other |
- |
- |
- |
- |
25,503
|
- |
| Total Segment Capital
Employed |
26,417
|
12,335
|
26,417
|
12,335
|
52,286
|
12,626
|
| Add: Unallocable Corporate
Assets less |
229,640
|
21,549
|
229,640
|
21,549
|
205,865
|
21,694
|
| Corporate Liabilities |
|
|
|
|
|
|
| Total Capital Employed |
256,057 |
33,884 |
256,057 |
33,884 |
258,151 |
34,320 |
| |
|
|
|
|
|
|
Notes:
As per Accounting Standard (AS)-17
on "Segment Reporting",
the Company has reported "Segment
Information" , as described below:-
- The Steel Segment includes production
and marketing operation of CR Coils/Sheets,
GP/GC Coils/Sheets, HR Coils/Plates,
Melting Scrap, Iron Spong and Structural
Steel.
-
The Plastic
Processing Segment includes production
of Woven Sacks/Fabric, Master
Batch and Staple Fibres.
- The Spinning Segment includes
production of Spinning Yarn.
- The business segment not separately
reportable have been grouped under
"Others" segment. This
comprises of the following :-
- Real Estate
- Non Banking Finance activity
- Assets Management activity
- Trusteeship
- Infrastructural activity
- Capital Employed on other Investments/Assets
and Income from the same are considered
under "Un-allocable".
Place :
Mumbai
Dated : 10th May 2008 |
For and
on Behalf of the Board
Virendra Jain
Managing Director |
JAI CORP LTD.
AUDITED CONSOLIDATED FINANCIAL
RESULTS
FOR THE YEAR ENDED 31st MARCH,
2008 |
(Rs.
In Lakhs) |
| S.No |
Particulars
|
Audited |
| Quarter Ended |
| 31.03.2008 |
31.03.2007 |
| 1 |
Turnover |
35,622
|
27,395
|
| |
Less: Excise duty/Service
tax recovered |
2,208
|
751 |
| 2 |
Net Turnover |
33,414
|
26,644
|
| 3 |
Other Income |
13,161
|
7,926
|
| 4 |
Total Income |
46,575
|
34,570
|
| 5 |
EXPENDITURE |
|
|
| |
a) (Increase)/decrease in
Stock in trade and work in process
|
(4,592)
|
2,709
|
| |
b) Consumption of Raw Materials
|
12,906
|
10,636
|
| |
c) Real Estate Expenses |
4,167
|
- |
| |
d) Purchase of Traded Goods
|
8,802
|
6,716
|
| |
e) Employees' Cost |
2,449
|
1,252
|
| |
f) Depreciation |
1,491
|
999 |
| |
g) Other Expenditure |
5,930
|
3,880
|
| |
Total Expenditure |
31,153
|
26,192
|
| 6 |
Interest & Financial Charges
|
590 |
506 |
| 7 |
Exceptional Item |
- |
- |
| 8 |
Profit from ordinary Activities
before tax |
14,832
|
7,871
|
| 9 |
Provision for Taxation |
|
|
| |
Current Tax |
1,734
|
805 |
| |
MAT Credit |
(736)
|
(425)
|
| |
Fringe Benefit Tax |
27 |
14 |
| |
Deferred Tax |
75 |
265 |
| 10 |
Net Profit after tax |
13,732
|
7,212
|
| 11 |
Add Share in Profit of Associates
|
378 |
160 |
| 12 |
Profit for the year after
tax (Including Associates) |
14,110
|
7,372
|
| 13 |
Paid-up Equity Share Capital
of Re.1/- each(Previous Period/Year
Rs.10/- each) |
1,785
|
863 |
| 14 |
Reserves excluding Revaluation
Reserves as per Balance sheet
|
256,216
|
33,457
|
| 15 |
Earning per Shares (Face
value of Re 1/- each) (Basic
& Diluted) (*Not annualised)
|
8.01
|
4.27
|
Notes:
-
The consolidated
accounts have been prepared
as per Accounting Standard (AS)
21 on Consolidated Financial
Statements and Accounting Standard
(AS) 23 on Accounting for Investments
in Associates in Consolidated
Financial Statements notified
in the Companies (Accounting
Standards) Rules, 2006.
-
The Consolidated
Financial Results should be
read in conjunction with the
notes to the financial results
for the year ended 31st March,
2008.
Place : Mumbai
Dated : 10th May 2008 |
For and on
Behalf of the Board
Virendra Jain
Managing Director |
|
|
