UNAUDITED FINANCIAL RESULTS FOR THE SECOND QUARTER ENDED SEPTEMBER 30, 2010
Rs. in Lakhs
SI.
No
Particulars
3 months ended Year to Date Year ended on
9/30/2010 9/30/2009
9/30/2010 9/30/2009
3/31/2010
Audited
1 Gross Sales/Income from operations 9806 9277 18648 17554 33752
  Less: Excise Duty 936 669 1813 1319 2666
  (a) Net Sales/Income from operations 8870 8608 16835 16235 31086
  (b) Other Operating Income 244 152 422 368 687
  Total Income 9114 8760 17257 16603 31773
2 Expenditure
  a. (Increase)/Decrease in Stock in trade and work in progress (474) (160) (773) (257) (404)
  b. Consumption of Raw Materials 4612 4074 8985 7986 16077
  c. Purchase of traded goods 2487 2499 4383 4227 7369
  d. Employee cost 439 447 856 891 1752
  e. Depreciation 140 141 277 280 583
  f. Other Expenditure 1227 1078 2323 2105 4040
  Total Expenditure 8431 8079 16051 15232 29417
3 Profit from Operations before Other Income, Interest and Exceptional Items (1-2) 683 681 1206 1371 2356
4 Other Income 25 47 62 88 159
5 Profit before Interest and Exceptional Items (3+4) 708 728 1268 1459 2515
6 Interest 3 2 8 8 11
7 Profit after Interest but before Exceptional Items (5-6) 705 726 1260 1451 2504
8 Exceptional Items 23 - 23 - -
9 Profit from Ordinary Activities before tax(7+8) 682 726 1237 1451 2504
10 Tax Expense 214 230 393 477 852
11 Net Profit from ordinary activities after tax (9-10) 468 496 844 974 1652
12 Extraordinary Items (net of tax Expenses Rs……..) - - - - -
13 Net Profit for the period (11-12) 468 496 844 974 1652
14 Paid Up Equity Share Capital (Face value-Rs.10/-) 375 375 375 375 375
15 Reserves excluding Revaluation Reserve as per balance sheet of previous accounting year - - - - 13139
16 Earning Per Share (EPS)
( Basic and diluted EPS before/after Extraordinary items for the period, for the year to date and for the previous year (not to be annualized)
12.48 13.23 22.51 25.97 44.05
17 Public Shareholding
  - Number of shares 941080 941080 941080 941080 941080
  - Percentage of share holding 25.10 25.10 25.10 25.10 25.10
18 Promoters and promoter group Shareholding
  a. Pledged/Encumbered
  - Number of shares 746434 746434 746434 746434 746434
  - Percentage of shares(as a % of the total shareholding of promoter and promoter group) 26.57 26.57 26.57 26.57 26.57
  - Percentage of shares(as a % of the total share capital of the company) 19.9 19.9 19.9 19.9 19.9
  b. Non-encumbered
  - Number of shares 2062486 2062486 2062486 2062486 2062486
  - Percentage of shares(as a % of the total shareholding of promoter and promoter group) 73.43 73.43 73.43 73.43 73.43
  - Percentage of shares(as a % of the total share capital of the company) 55 55 55 55 55
 
Notes:
1. Statement of Assets and Liabilities as on 30,September 2010
 
PARTICULARS 6 MONTHS ENDED
9/30/2010
6 MONTHS ENDED
9/30/2009
Shareholders' Funds:    
(a) Capital 375 375
(b) Reserves and Surplus 13983 13338
Loan Funds 400  
TOTAL 14758 13713
Fixed Assets 5035 5485
Current Assets,Loan and Advances    
(a) Inventories 4074 3145
(b) Sundry Debtors 6165 4663
(c) Cash and Bank balances 3223 3421
(d) Loans and Advances 1656 1574
Less: Current Liabilities and Provisions    
(a) Liabilities 3609 2685
(b) Provisions 1786 1890
TOTAL 14758

13713

2. The Company's main business is manufacture and sale of dry cell batteries. All other activities of the Company are incidental to the main business. As such, there are no separate reportable segments, as per the Accounting Standard on Segment Reporting (AS 17).
3. Provision for taxation is net of deferred tax Asset Rs.2.80 Lakhs.
4. Exceptional item represents compensation towards Voluntary Separation Scheme introduced in this quarter.
5. In terms of Clause 41 of the listing agreement, details of number of investor complaints for the quarter ended september 30, 2010: beginning - nil, received -7, disposed off -7 and pending - nil.
6. The above Unaudited Financial Results have been taken on record by the Board of Directors at its meeting held on October 12, 2010 'Limited Review' of the Results has been carried out by Statutory Auditors.
  CHENNAI -34
OCTOBER 12, 2010
IS0 9001 and ISO 14001 Certified Company
for Nippo Batteries Co. Ltd

JUSTICE MR. S. NATARAJAN
Chairman