| |
NICCO CORPORATION LIMITED
Regd.Off : NICCO HOUSE, 2 Hare Street,Kolkata - 700001
AUDITED
FINANCIAL RESULTS
FOR THE QUARTER ENDED 30TH SEPTEMBER 2012 |
|
| (Rs. in Lacs) |
| |
|
1
|
2
|
3
|
4
|
5
|
6
|
| Sl.No. |
Particulars
|
Quarter |
Half Year |
Year |
ended
30.09.12
(Audited)
|
ended
30.06.12
(Audited)
|
ended
30.09.11
(Audited)
|
ended
30.09.12
(Audited)
|
ended
30.09.11
(Audited)
|
ended
31.03.12
(Audited)
|
| 1. |
Income from operations |
|
|
|
|
|
|
| a. |
Net Sales / Income from Operations (Net
of Excise duty) |
4,734 |
5,085
|
8,486
|
9,819
|
15,901
|
28,195
|
| b. |
Other operating income |
262
|
139
|
214
|
401
|
290
|
696
|
| |
Total Income from operations (net) |
4,996
|
5,224
|
8,700
|
10,220
|
16,191
|
28,891
|
| 2. |
Expenditure
|
| (a) |
Cost of Materials consumed |
3,240 |
3,462
|
3,985
|
6,702
|
7,904
|
16,541
|
| (b) |
Purchase of stock-in-trade |
354 |
547
|
1,517
|
901
|
2,081
|
1,108
|
| (c) |
Changes of inventories of finished goods,work-in-progress
and stock-in-trade |
(272) |
(469)
|
44
|
(741)
|
71
|
633
|
| (d) |
Employee benefit expense |
744 |
739
|
754
|
1,483
|
1,471
|
2,936
|
| (e) |
Depreciation and amortisation expense |
161 |
159
|
166
|
320
|
334
|
660
|
| (f) |
Other Expenditure |
1,002 |
937
|
1,242
|
1,939
|
2,403
|
4,387
|
| (g) |
Total |
5,229 |
5,375
|
7,708
|
10,604
|
14,264
|
26,265
|
| 3. |
Profit/(loss) from operations before other
income,finance costs and Exceptional Items (1-2) |
(233) |
(151) |
992 |
(384) |
1,927 |
2,626 |
| 4. |
Other Income |
41 |
27 |
48 |
68 |
137 |
184 |
| 5. |
Profit/(loss) from ordinary activities before
finance costs and Exceptional Items (3+4) |
(192) |
(124) |
1,040 |
(316) |
2,064 |
2,810 |
| 6. |
Finance Costs |
1,062 |
929 |
902 |
1,991 |
1,755 |
3,685 |
| 7. |
Profit/(loss) from ordinary activities after
finance costs but before exceptional Items (5+6) |
(1,254) |
(1,053)
|
138
|
(2,307)
|
309
|
(875)
|
| 8. |
Exceptional items |
|
|
|
|
|
|
| 9. |
Profit / Loss from ordinary activities before
Tax (7+8) |
(1,254) |
(1,053)
|
138
|
(2,307)
|
309
|
(875)
|
| 10. |
Tax Expense
|
| |
Deferred Tax
|
- |
|
89
|
-
|
147
|
(714)
|
| |
Income Tax |
- |
-
|
-
|
-
|
-
|
-
|
| 11. |
Net Profit / Loss from ordinary activities
after Tax ( 9 - 10) |
(1,254) |
(1,053)
|
49
|
(2,307)
|
162
|
(161)
|
| 12. |
Extra ordinary items (net of tax expenses
Rs. Lacs) |
- |
|
|
-
|
|
1,007
|
| 13. |
Net Profit / Loss for the period (11 - 12)
|
(1,254) |
(1,053)
|
49
|
(2,307)
|
162
|
(1,168)
|
| 14. |
Paid up Equity Share Capital (Face Value
of Rs.2/- each) |
2,298 |
2,298
|
2,238
|
2,298
|
2,238
|
2,238
|
| 15. |
Reserves excluding Revaluation Reserve
|
|
|
|
(13,929)
|
(10,393)
|
(11,722)
|
| 16.i |
Earning per Share (in Rs)
|
|
|
|
|
|
|
| |
Before Extra Ordinary Items |
|
|
|
|
|
|
| |
Basic |
(1.11) |
(0.94)
|
0.02
|
(2.06)
|
0.10
|
(1.14)
|
| |
Diluted |
(1.11) |
(0.94)
|
0.02
|
(2.06)
|
0.10
|
(1.14)
|
| 16 ii |
After Extra Ordinary Items
|
|
|
|
|
|
|
| |
Basic |
(1.11)
|
(0.94)
|
0.02
|
(2.06)
|
0.10
|
(0.24)
|
| |
Diluted |
(1.11)
|
(0.94)
|
0.02
|
(2.06)
|
0.10
|
(0.24)
|
| A.. |
PARTICULARS OF SHAREHOLDING
|
|
|
|
|
|
|
| 1. |
Public Shareholding |
|
|
|
|
|
|
| |
- No of Shares |
86,309,139
|
86,309,139
|
86,309,136
|
86,309,139
|
86,309,136
|
86,309,139
|
| |
- Percentage of Shareholding |
75.13%
|
75.13%
|
77.14%
|
75.13%
|
77.14%
|
77.14%
|
| 18. |
Promoters and Promoter group Shareholding |
|
|
|
|
|
|
| a). |
Pledged/Encumbered |
|
|
|
|
|
|
| |
- Number of Shares |
|
|
|
9,765,725
|
9765725
|
9765725
|
| |
- Percentage of Shares ( as a % of the total
shareholding of promoter and promoter group) |
|
|
|
34.18%
|
38.17%
|
38.17%
|
| |
- Percentage of Shares ( as a % of the total
share Capital of the company) |
|
|
|
8.50%
|
8.73%
|
8.73%
|
| b). |
Non - encumbered |
|
|
|
|
|
|
| |
- Number of Shares |
|
|
|
18,802,618
|
15,817,544
|
15,817,544
|
| |
- Percentage of Shares ( as a % of the total
shareholding of promoter and promoter group) |
|
|
|
65.82%
|
61.83%
|
61.83%
|
| |
- Percentage of Shares ( as
a % of the total share Capital of the company) |
|
|
|
16.37%
|
14.14%
|
14.14%
|
| B |
INVESTOR COMPLAINTS |
|
|
|
|
|
|
| |
Pending at the beginning of the quarter
|
|
|
|
Nil
|
|
|
| |
Received during the quarter |
|
|
|
5
|
|
|
| |
Disposed of during the quarter |
|
|
|
5
|
|
|
| |
Remaining unresolved at the end of the quarter
|
|
|
|
Nil
|
|
|
| |
| Notes : |
|
1.
2.
3.
4.
5.
6.
7.
8.
9.
|
The
above audited financial results, after being reviewed
by audit committee, were approved by the Board of Directors
during meeting dated 03rd November,2012.
9,52,300, 5% cumulative redeemable preference shares of
Rs.100/- each are overdue for redemption. Company's offer
for the renewal of the same is pending due to decision
of shareholders for acceptance and ultimate order of BIFR.
The Board of Directors and subsequently shareholders
had approved an agreement for a Joint venture between
the Company and Oriental Manufactures Pvt. Ltd.(OMPL)for
formation of a jointly controlled entity for the purpose
of assigning project division therein.OMPL or it's subsidiary
is to hold majority stake in said newly formed company,
the company to be minority stakeholder therein.A definitive
agreement has been signed with OMPL to that effect.The
Company's proposal in this regard has been taken up before
AAIFR.
BIFR had directed the company to submit a rehabilitation
package,which is being worked out in consultation with
Ernst & Young Pvt. Ltd.
Issue of equity shares against proceeds of application
money from NRETF amounting to Rs.220 Lacs is pending approval
from appropriate authorities.
2985074 no. of equity shares of Rs.2/- each have
been issued at a premium of Rs.3.36 per share to NRETF
by way of preferential allotment after requisite permission
received from NSE on 8th May,2012.
In line with approved CDR package, the company is to divest
it's holdings in equity and preference shares in it's
subsidiary Nicco Biotech Limited, subject to approval
of BIFR.Agreement in this regard has been signed with
the concerned party.
Retention of brought forward balance against deferred
tax asset (net) is ascribed to management action plan
confirming adequacy of future profit. However addition/accretion
has been done away with as a measure of abundant prudence.
Previous
year/period figures have been regrouped and rearranged
where ever necessary in terms of current period.
|
| |
| |
|
STATEMENT OF ASSETS AND LIABILITIES
AS AT 30TH SEPTEMBER 2012
|
|
Rs. In Lacs
|
| |
|
30TH SEPTEMBER 2012
|
30ST
MARCH
2012
|
| 1 |
Shareholder's Funds : |
|
|
| (a). |
Share Capital |
4,481.91
|
4,422.21
|
| (b). |
Reserves and Surplus |
(10,912.19)
|
(8,634.56)
|
| |
Sub-total - Shareholders' funds
|
(6,430.28)
|
(4,212.35)
|
| 2 |
Share Application money Pending Allotment
|
220.00
|
280.00
|
| 3 |
Non - Current Liabilities : |
|
|
| (a). |
Long Term Borrowings |
5,846.35
|
8,254.41
|
| (b). |
Other Long Term Liabilities |
38.58
|
35.57
|
| (c). |
Long Term Provisions |
884.20
|
883.85
|
| |
Sub-total - Non-Current Liabilities
|
6,769.13
|
9,173.83
|
| 4 |
Current Liabilities : |
|
|
| (a). |
Short Term Borrowings |
5,026.29
|
4,997.85
|
| (b). |
Trade Payables |
15,155.51
|
13,657.48
|
| (c). |
Other Current Liabilities |
11,714.04
|
10,152.84
|
| (d). |
Short Term Provisions |
1,147.73
|
1,109.48
|
| |
Sub-total - Current Liabilities
|
33,043.57
|
29,917.65
|
| |
TOTAL - EQUITY AND LIABILITIES |
33,602.42
|
35,159.13
|
| B |
ASSETS : |
|
|
| 1 |
Non - Current Assets : |
|
|
| (a). |
Fixed Assets |
8,389.94
|
8,754.89
|
| (b). |
Non - Current Investments |
2,427.83
|
2,427.84
|
| (c). |
Deferred Tax assets ( Net ) |
5,085.13
|
5,085.13
|
| (d). |
Long Term Loans And Advances |
379.91
|
396.61
|
| (e). |
Other Non - Current Assets |
1,405.53
|
1,374.05
|
| |
Sub - total - Non - Current Assets
|
17,688.35
|
18,038.52
|
| 2 |
Current Assets : |
|
|
| (a) |
Current Investments |
|
|
| (b). |
Inventories |
3,482.49
|
2,917.93
|
| (c). |
Trade Receivables |
10,459.86
|
12,292.62
|
| (d). |
Cash And Cash Equivalents |
132.25
|
227.11
|
| (e). |
Short Term Loans And Advances
|
1,732.82
|
1,600.99
|
| (f). |
Other Current Assets |
106.66
|
81.96
|
| |
Sub - total - Current Assets
|
15,914.07
|
17,120.61
|
| |
TOTAL - ASSETS |
33,602.42
|
35,159.13
|
|
| |
|
FOR NICCO CORPORATION LIMITED
|
|
N DAS
DIRECTOR & CHAIRMAN - AUDIT COMMITTEE |
|
|
|
|
|
|
|
|
UDAYAN RAY
MANAGING DIRECTOR & CFO |
|
|
|
|
For G. BASU & Co.
CHARTERED ACCOUNTANTS |
|
|
S. LAHIRI
PARTNER
Basu House,
3, Chowringhee Approach
KOLKATA - 700 072 |
|
|
|
|
|
RAJIVE KAUL
CHAIRMAN
|
|
| |
|
INDRANIL MITRA
GENERAL MANAGER & CO. SECRETARY |
|
PLACE :KOLKATA
DATE : THE 03 RD DAY OF NOVEMBER,2012 |
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