 |
RAS
EXTRUSIONS LIMITED
Regd. Office : 36 Kms. Stone, Waki Khurd, Pune-Nasik Highway,
Chakan - 410 501.
AUDITED
FINANCIAL RESULTS FOR THE PERIOD
ENDED 30TH SEPTEMBER , 2009 |
| (Rs. in lacs) |
| |
|
(1) |
(2) |
(3) |
(4)
|
| Sr.No. |
Particulars |
Figures for 3 Months ended on 30.09.2009
(REVIEWED) |
Corresponding 3 Months in the Previous Year ended on 30.9.2008 (REVIEWED) |
Year to date figures for the Current Period ended on 30.9.09 (AUDITED) |
Previous Accounting Year ended on 30.09.2008
(AUDITED) |
| 1 |
Net
Sales/Income from Operations |
-
|
- |
-
|
50.6
|
| 2 |
Other
Income |
2.25
|
2.25
|
9.27
|
19.53
|
| 3 |
Total
Expenditure |
23.97
|
38.59
|
112.17
|
239.89
|
| |
(a)
Increase/decrease in Stock-in-Trade |
-
|
0.35
|
-
|
0.26
|
| |
(b)
Consumption of raw materials |
-
|
3.64
|
0.25
|
46.12 |
| |
(c)
Staff Cost |
11.91
|
19.56
|
61.03
|
113.82
|
| |
(d)
Other Expenditure |
12.06
|
15.04
|
50.89
|
79.69 |
| 4 |
Interest |
1.59
|
0.51
|
7.23
|
13.33 |
| 5 |
Depreciation |
6.56
|
6.59
|
26.03
|
39.33
|
| 6 |
Preliminary/Deferred
Revenue Exp. W/Off. |
- |
- |
- |
- |
| 7 |
Profit
(+)/Loss (-) before tax (1+2-3-4-5-6) |
(29.87)
|
(43.44)
|
(136.16)
|
(222.42)
|
| 8 |
Provision
for Taxation (Fringe Benefit Tax) |
- |
0.20
|
0.22
|
1.92
|
| 9 |
Net
Profit (+)/Loss (-) (7-8) |
(29.87)
|
(43.64) |
(136.38) |
(224.34)
|
| 10 |
Previous
Year's Expenses |
-
|
- |
- |
1.17
|
| 11 |
Net
Profit (+)/Loss (-) (9-10) |
(29.87) |
(43.64) |
(136.38) |
(225.51)
|
| 12 |
Paid-up
Equity Share Capital |
1,090.00 |
1,090.00 |
1,090.00 |
1,090.00 |
| 13 |
Reserves
Excluding Revaluation Reserves. |
- |
- |
- |
- |
| 14 |
Basic & diluted
EPS for the period, for the year to date and
for the previous year (Rs.) |
(0.27)
|
(0.40)
|
(1.25)
|
(2.06) |
| 15 |
Aggregate
of Public Shareholding No. of Shares |
6,883,302
|
6,883,302 |
6,883,302
|
6,883,302
|
| 16 |
Percentage of Shareholding |
63.15% |
63.15% |
63.15% |
63.15% |
| 17 |
Promoter & Promoter Group Shareholding |
|
|
|
|
| |
(A) Pledged / Encumbered |
|
|
|
|
| |
- Number of Shares |
2513899 |
- |
2513899 |
- |
| |
- Pecentage of Shares (As a percentage of total shareholding of Promoter) |
62.59% |
- |
62.59% |
- |
| |
- Percentage of Shares (As a percentage of the total Share Capital of the Company |
23.06% |
- |
23.06% |
- |
| |
(B) Non-Encumbered |
|
|
|
|
| |
- Number of Shares |
1502799 |
- |
1502799 |
- |
| |
- Pecentage of Shares (As a percentage of total shareholding of Promoter) |
37.41% |
- |
37.41% |
- |
| |
- Percentage of Shares (As a percentage of the total Share Capital of the Company |
13.79% |
- |
13.79% |
- |
| |
|
|
|
|
|
| |
|
|
|
|
|
|
| NOTE: |
|
|
|
| 1 |
|
The above results were approved by the Audit Committee and by Board of Directors of the Company at its meeting held on December 28, 2009. |
|
| 2 |
|
The Company has been declared as a "Sick Industrial Company" by BIFR at its hearing held on April 1, 2008. Pending final settlement with BIFR the Accounts of the Company have been prepared on the going concern basis. |
|
| 3 |
|
M/s. Essel Propack Limited, the world's largest manufacturer of laminated tubes, has agreed to participate with the Promoters of the Company as a Co-Promoter in the revival scheme filed with the Board of Industrial and Financial Reconstruction (BIFR) on 13th August 2007. The H'ble BIFR has vide its final Order dated 06/02/2009 passed the Scheme for revival of the Company. The entries relating to the above would be passed in the corresponding period. |
|
| 4 |
|
Gratutity is accounted for by calculating the accrued liability, based on the assumption that such benefits are payable to the employees eligible under the Payment of Gratuity Act 1972 at the end of the period. Leave encashment is accounted for by calculating the accrued liability based on the assumption that such benefits are payable to the employees eligible at the end of the period. |
|
| 5 |
|
The Company has one reportable segment in line with the Accounting Standard (AS 17), hence the segment-wise information is not given. |
|
| 6 |
|
In view of uncertainty of recoupment of past carried-forwarded losses, no provision for "Deferred Tax Assets' is being made in the Accounts. |
|
| 7 |
|
The previous year's figures are for 18 months and the current period figures are for 12 months and are not strictly comparable with previous period figures. |
|
| 8 |
|
At the beginning of quarter commencing on 01.07.2009, Nil complaints were pending. During the quarter commencing from 01.07.2009 and ending on 30.09.2009, one complaint was received. Nil complaint is pending as of 30.09.2009. |
|
|
| Place
: Mumbai
Date : December 28, 2009
|
for
RAS EXTRUSIONS LIMITED
SAMEER KAJI
CHAIRMAN |
|
|
|
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