|
Tata
Metaliks Limited
Audited
financial results for the year ended 31st
March 2002
|
(Rs.
in Lakh)
|
Sr.
no |
Particulars |
Year
ended 31st March (Audited)
|
Year
ended 31st March (Audited)
|
|
|
|
2002
|
2001
|
|
1.
|
Production
- Foundry grade pig iron |
MT |
131,493
|
109,015
|
|
2.
|
Sales
- Foundry grade pig iron |
" |
126,333
|
107,960
|
|
|
|
|
|
|
3.
|
Net
sales / income from operations |
Rs. |
9,863
|
8,617
|
|
4.
|
Other
income |
" |
174
|
28
|
|
5.
|
Profit
on sale of surplus raw material |
" |
240
|
165
|
|
6.
|
Total
expenditure |
|
|
|
|
|
a)
(Increase) / decrease in stock-in-trade |
" |
(369)
|
(44)
|
|
|
b)
Consumption of raw materials |
" |
6,453
|
5,201
|
|
|
c)
Staff cost |
" |
489
|
465
|
|
|
d)
Other expenditure |
" |
1,524
|
1,696
|
|
7.
|
Interest |
" |
126
|
289
|
|
8.
|
Depreciation |
" |
284
|
272
|
|
|
|
|
|
|
9.
|
Profit/(Loss)
before tax |
" |
1,770
|
931
|
|
10.
|
Provision
for taxation - current |
" |
390
|
81
|
|
|
Provision
for deferred tax |
" |
250
|
-
|
|
|
|
|
|
|
11.
|
Net
profit |
" |
1,130
|
850
|
|
12.
|
Transfer
to Debenture Redemption Reserve |
" |
-
|
332
|
|
13.
|
Transfer
from Debenture Redemption Reserve |
" |
325
|
-
|
|
14.
|
Add,
amount brought forward from prev.year |
" |
83
|
-
|
|
|
|
|
|
|
15.
|
Disposable
profit |
" |
1,538
|
518
|
|
16.
|
Appropiations: |
|
|
|
|
|
a)
Interim dividend (Subject to tax) |
" |
569
|
-
|
|
|
b)
Proposed dividend including dividend
tax |
" |
-
|
335
|
|
|
c)
General reserve |
" |
783
|
100
|
|
|
|
|
|
|
17.
|
Balance
carried forward |
" |
186
|
83
|
|
18.
|
Paid-up
equity share capital (Face value Rs.10/-
per share) |
" |
2529
|
2529
|
|
19.
|
Reserves
excluding revaluation reserves (as per
balance sheet) |
" |
793
|
865
|
|
20.
|
Earning
per share (Rupees) - basic / diluted (not
annualised) |
" |
4.47
|
3.36
|
|
21.
|
Aggregate
of non-promoter shareholding |
|
|
|
|
|
-
Number of shares |
Nos. |
1,34,88,008
|
1,34,88,008
|
|
|
-
Percentage of shareholding |
% |
53.34%
|
53.34%
|
Notes
-
In
view of the Accounting Standard-22 "Accounting
for Taxes on Income" issued by the Institute
of Chartered Accountants of India which came
into effect from 1st April,2001, a provision
has been made for Deferred Tax Liability for
the 12 months ended 31st March, 2002.Deferred
Tax Liability as on 31st March,2001 of Rs.633
lacs has been adjusted against the General
Reserve.
-
The
Company is engaged in the manufacture of Pig
Iron which in the context of Accounting Standard-17
"Segment Reporting" issued by the Institute
of Chartered Accountants of India is considered
the only business segment. Separate geographical
segment disclosure is not necessary since
the company has only domestic sales and the
conditions prevailing in India is uniform.
-
The
Company has complied with Accounting Standard-18
"Related Party Disclosure" issued by the Institute
of Chartered Accountants of India and identified
The Tata Iron & Steel Co.Ltd. as the associated
company. Disclosure of the related information
has been made in the accounts.
-
The
Company implemented the ERP package "SAP R-3"
during the year for which the application
software related expenditure of Rs.94 lacs
has been charged to Profit and Loss Accounts.
-
Other
income includes Sales tax remission of Rs.154
lacs received under West Bengal Incentive
Scheme-1999.
-
The
Board of Directors has not recommended a Final
Dividend for the financial year ended 31st
March, 2002, over & above the Interim
Dividend of Rs. 2.25 (22.50%) on each share,
declared at its meeting held on 10th May,2002.
-
The
12th Annual General Meeting of the Company
has been convened on 27th July,2002.
-
The
Audited Results of the Company were approved
by the Board of Directors at its meeting held
on 18th May, 2002. Figures for previous year
have been regrouped / rearranged wherever
necessary.
Place:
Kolkata
Dated: 18 May 2002 |
On
behalf of the Board of Directors
For
Tata Metaliks Ltd.
Harsh K Jha
Managing Director
|
|
|
