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Our businesses > Tata companies > Tata Advanced Materials > Media releases |
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January 29, 2001
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Tata Advanced Materials Ltd.
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Unaudited financial results (provisional) for quarter ended December 31, 2000
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(Rs in lakhs) |
| Sr. no |
Particulars |
Quarter ended
Dec 31 |
Nine months ended Dec 31 |
Prev. year ended Mar 31, 2000 (18 months) |
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2000 |
1999 |
2000 |
1999 |
Audited |
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1 |
Net Sales and Operating Income |
11.97 |
20.92 |
1576.00 |
74.74 |
314.60 |
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2 |
Other Income |
2.31 |
-- |
7.93 |
0.40 |
16.65 |
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Total Income |
14.28 |
20.92 |
1583.93 |
75.14 |
331.25 |
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3 |
Expenditure |
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a) |
( Increase )/ Decrease in stock-in-trade |
(36.71) |
(170.14) |
1183.83 |
(623.30) |
(1284.47) |
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b) |
Consumption of Raw Materials |
33.52 |
165.37 |
88.60 |
631.46 |
1398.57 |
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c) |
Staff Cost |
21.89 |
25.95 |
70.82 |
76.74 |
146.63 |
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d) |
Other Expenditure |
60.44 |
66.74 |
212.88 |
176.17 |
380.18 |
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Total Expenditure |
79.14 |
87.92 |
1556.13 |
261.07 |
640.91 |
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4 |
Interest |
18.56 |
78.37 |
125.97 |
198.94 |
411.27 |
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5 |
Depreciation |
9.89 |
12.26 |
29.89 |
36.78 |
70.75 |
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6 |
Profit / (Loss) (1+2-3-4-5) |
(93.31) |
(157.63) |
(128.06) |
(421.65) |
(791.68) |
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7 |
Write back provision no longer required |
6.07 |
-- |
207.73 |
-- |
-- |
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8 |
Profit / (Loss) before tax (6-7) |
(87.24) |
(157.63) |
79.67 |
(421.65) |
(791.68) |
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9 |
Provision for Taxation |
-- |
-- |
-- |
-- |
-- |
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10 |
Net Profit / (Loss) (8-9) |
(87.24) |
(157.63) |
79.67 |
(421.65) |
(791.68) |
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11 |
Paid up Equity Share Capital ( See note 1 below) |
2330.00 |
750.00 |
2330.00 |
750.00 |
750.00 |
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12 |
Reserves excluding Revaluation Reserves |
15.00 |
15.00 |
15.00 |
15.00 |
15.00 |
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13 |
Accumulated Profit / (Loss) |
(2107.03) |
(2065.94) |
(2107.03) |
(2065.94) |
(2186.70) |
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14 |
Miscellaneous Expenditure not written off |
-- |
-- |
9.33 |
11.04 |
11.64 |
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15 |
Basic EPS not annualised (Rs) |
-- |
-- |
0.34 |
-- |
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Notes
- As per the rehabilitation scheme approved by the Appelate Authority for Industrial and Financial Reconstruction (AAIFR), under its Order dated September 20, 2000, the company has converted on September 20, 2000, inter-corporate deposits (ICD) of Rs.1580 lakhs placed by Tata Industries Ltd (TIL) with the Company Into 158,00,000 equity shares of Rs.10 per share, at par, in favour of TIL. Following the conversion of the ICD, the paid-up equity capital of the Company has increased to Rs.2330 lakhs on September 20, 2000. Under the said scheme, TIL has waived interest of Rs.145.93 lakhs accrued on the above ICD upto March 31, 2000. In terms of the above AAIFR Order, no interest is payable from April 1, 2000 to September 20, 2000 on the said ICD. The interest accrued on ICD upto March 31, 2 000 but not paid and the interest for the period April 1, 2000 to June 30, 2000 , not payable is written back and reflected in item 7 above.
- Tata Industries Ltd., promoter of Tata Advanced Materials Ltd., which presently holds 77.26% of the paid-up equity share capital of the Company, has made a Public Announcement of a voluntary offer to acquire the balance 22.74% of the paid-up equity share capital of the Company at a price of Rs.15/- per share payable in cash. It has been announced that the said Offer will open on February 27, 2001.
- With effect from January 1, 2001, the Company's Registered office has shifted to the address mentioned at the top of this advertisement. The Company's Corporate office is located at No.10, Jigani Industrial Area, Pin - 562 106, Anekal Taluk, Bangalore District, Karnataka.
- The Company has entered into an agreement with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) for dematerialisation of equity shares.
- The above results were taken on record at the meeting of the Board of Directors held on January 29, 2001.
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Place: Mumbai
Dated: January 29, 2001 |
For Tata Advanced Materials Ltd.
Syamal Gupta
Chairman |
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