| |
MODISON
METALS LIMITED
Regd. Office:- 33-Nariman Bhavan,
227-Nariman Point, Mumbai -
400021
AUDITED FINANCIAL RESULTS
FOR THE YEAR ENDED 31ST MARCH,
2007
(Pursuant to Article
41 of the Listing Agreement
with Stock Exchange)
|
Rs. in Lakhs
|
Sr.
No.
|
Particulars
|
9
Months
Ended
|
3
Months
Ended |
3
Months
Ended |
Year
Ended |
Year
Ended |
| |
|
31.12.2006 |
31.03.2007 |
31.03.2006 |
31.03.2007 |
31.03.2006 |
| |
|
|
|
|
|
|
| 01) |
Sales
/ Income from Operation |
6463.35 |
2813.61 |
1743.6 |
9276.96 |
5972.83 |
| |
Less:
Excise Duty |
742.91 |
337.66 |
196.21 |
1080.57 |
683.51 |
| |
Net
Sales / Income from Operation |
5720.44 |
2475.95 |
1547.39
|
8196.39
|
5289.32 |
| 02) |
Other
Income |
19.75
|
3.41
|
12.76
|
23.16
|
18.98 |
| 03) |
Total
Expenditure
|
4308.99
|
1883.31
|
1072.55
|
6192.30
|
3863.83 |
| |
a)
(Increase)/ decrease in
stock-in-trade
|
(26.51)
|
48.17
|
(120.82)
|
21.66
|
(134.61) |
| |
b)
Consumption of raw materials
|
3349.14
|
1497.40
|
905.23
|
4,846.54
|
3025.36 |
| |
c)
Purchase for Resale
|
77.62
|
-
|
-
|
77.62
|
- |
| |
d)
Staff Costs
|
258.05
|
88.95
|
87.31
|
347.00
|
283.11 |
| |
e)
Other expenditure
|
650.69
|
248.79
|
200.83
|
899.48
|
689.97 |
| 04) |
Interest
|
151.03
|
60.71
|
38.34
|
211.74
|
150.87 |
| 05) |
Depreciation
/ Amortisation
|
195.35
|
68.84
|
62.21
|
264.19
|
184.56 |
| 06) |
Profit
Before Taxation
|
1084.82
|
466.50
|
387.05
|
1551.32
|
1109.04 |
| 07) |
Provision
for Taxation
|
|
|
|
|
|
| |
Current
|
356.50
|
164.08
|
112.56
|
520.58
|
337.56 |
| |
Deferred
|
9.03
|
8.59
|
28.37
|
17.62
|
46.31 |
| |
Fringe
Benefit Tax
|
4.45
|
0.85
|
1.38
|
5.30
|
5.10 |
| 08) |
Net
Profit After Tax
|
714.84
|
292.98
|
244.74
|
1007.82
|
720.07 |
| 09) |
Prior
Year Tax Adjustment
|
-
|
(0.05)
|
(1.56)
|
(0.05)
|
(1.56) |
| 10) |
Paid
up Equity Share Capital
|
|
|
|
|
|
| |
(Face
Value of Share: Rs.10
each)
|
324.50
|
324.50
|
324.50
|
324.50
|
324.50 |
| 11) |
Reserves
excluding Revaluation
Reserves
|
-
|
- |
-
|
2848.11
|
1940.74
|
| 12) |
Basic
/ Diluted Earning per
Share
|
|
|
|
|
|
| |
(Rs.
for the period not annualised)
|
22.03
|
9.03
|
7.49
|
31.06
|
22.14 |
| 13) |
Aggregate
of Non-Promoters Shareholding
|
|
|
|
|
|
| |
No.
of Shares
|
343576
|
670576
|
343576
|
670576 |
343576 |
| |
%
of Shareholding
|
10.59
|
20.66
|
10.59
|
20.66
|
10.59 |
NOTES |
| |
| 01. |
The
above financial results
were reviewed by the Audit
Committee and taken on
record by the Board of
Directors at its Meeting
held on 29th June 2007.
|
| 02. |
The
Company has two business
segments, viz. Electrical
Contacts and Silver Flatware.
Since the segment revenue,
segment result and segment
assets of the segment
- ‘Silver Flatware’
is less than 1% of the
respective totals, the
same is considered insignificant.
|
| 03. |
The
Board has recommended
a Dividend of Rs. 2.50
(25%) per Equity Share
of Rs.10/- for the F.Y:
2006-07.
|
| 04. |
During
the Quarter, the company
did not receive any complaint
from the Shareholders.
There are no complaints
remaining unresolved as
at the beginning and end
of the quarter.
|
| 05. |
Previous
year figures have been
regrouped / recast wherever
necessary. |
| |
For
MODISON METALS LIMITED,
|
| Mumbai,
29th June, 2007 |
G.
L. MODI
Managing Director |
|
| |
| |
|
|
