Audited Financial Results for the year ended 31st March, 2006
RS. IN LACS
    9 Month QUARTER ENDED YEAR ENDED
Ended
31st Dec'05
31st
March'06
31st
March'05
31st
March'06
31st
March'05
Unaudited Audited Audited Audited Audited
01 Gross Sales 4,400.69 1,507.89 1,394.72 5,908.58 6,171.62
  Less: Excise Duty 548.61 210.90 180.04 759.51 744.29
  Net Sales 3,852.08 1,296.99 1,214.68 5,149.07 5,427.33
02 Other Income 114.30 53.45 91.20 167.75 99.50
03 Total Expenditure          
  a) Increase/(Decrease) in stock in trade 211.44 272.68 (161.34) 484.12 (419.42)
  b) Consumption of raw materials 1,709.51 722.90 413.60 2,432.41 1,899.83
  c) Purchases 72.05 32.85 1.59 104.90 35.00
  d) Staff cost 419.19 146.57 125.22 565.76 499.03
  e) Other expenditure          
  - Power & Fuel 578.10 173.61 150.32 751.71 702.79
  - Selling expenses 537.20 166.91 117.51 704.11 727.15
  - Others 374.04 202.63 218.44 576.67 598.89
04 Interest 125.33 52.84 11.01 178.17 172.75
05 Profit before Depreciation and Tax 362.40 124.81 106.85 487.21 471.97
06 Depreciation 57.13 18.52 24.63 75.65 172.63
07 Exceptional Items          
  - Waiver of Interest for earlier year - - 221.28 - 221.28
08 Profit Before Taxation 305.27 106.29 303.50 411.56 520.62
09 Provision for Taxation          
  - Current Tax 18.00 7.72 - 25.72 -
  - Deferred Tax 71.90 20.60 231.79 92.50 231.79
  - Fringe Benefit Tax 5.00 2.25 - 7.25 -
10 Net Profit 210.37 75.72 71.71 286.09 288.83
11 Paid-up Equity Share Capital
(Face value Rs.10/-)
1,832.74 1,832.74 1,832.74 1,832.74 1,832.74
12 Reserves excluding revaluation reserve - - - (340.20) (626.29)
13 Basic and diluted EPS for the
period, for the year to date and for the Previous Year (In Rs.)
1.15 0.41 0.39 1.56 1.58
14 Aggregate of Non-Promoter Shareholding          
  - Number of Shares       13,953,531 13,953,431
  - Percentage of Shareholding       76.13 76.13

 

NOTES:

1.      In order to sustain long-term availability of timber, principal raw material for the Company's main product, namely, Medium Density Fibre Board, the Company is engaged in plantation under various schemes on the land owned by third parties. The Company's role is to develop and supply seedlings to such third parties. Since development of seedlings is an integral part of plantation activity which is incidental to main activity of the Company, this operation has not been treated as a separate segment under Accounting Standard AS - 17.

 

2.      Raw material consumption figures as shown are not comparable with sales figures due to increase / decrease in stocks.

 

3.      Freight as included in selling expenses is charged to account on incurrence/ accrual at the time of removal of finished goods from the factory. Therefore, this may not necessarily relate to sales achieved during a particular period. However, this is according to the accounting policy consistently followed by the company.

 

4.      Information on investor complaints for the quarter ended 31st March, 2006 (in nos.)

 

Opening Balance of Complaints Received during the Quarter Disposed off during The Quarter Closing Balance
- 38 38 -
 

5.      The Twenty Second Annual General Meeting of the Company will be held on 16th June, 2006 at 10.00 A.M. at the Registered Office of the Company at Vill. Kusumi, Post & Dist. Nabarangpur, Pin - 764 059, Orissa. In view of the above the Register of Members and Share Transfer Books of the Company shall remain closed from 9th June, 2006 to 16th June, 2006 (both days inclusive).

 

6.      Figures of the previous period have been regrouped / rearranged wherever considered necessary.

 

7.      The above results have been taken on record in the Board of Directors meeting held on 19th April, 2006.

 

8.      The results of the Company are available at the Company's web site  www.mangalamtimber.com

 

Place : Kolkata
Date : 19th April, 2006

FOR MANGALAM TIMBER PRODUCTS LIMITED
G. S. GUPTA
MANAGING DIRECTOR

 

 

Quarterly reporting of segment wise revenue, results and capital employed, under clause 41 of the listing agreement
    9 Month Quarter Ended Year Ended
Ended
31.12.2005
31st
March,2006
31st
March,2005
31st
March,2006
31st
March,2005
Unaudited Audited Audited Audited Audited
1 Segment Revenue (Net sale/income from each segment)          
  a) Segment - Medium Density Fibre Board 3765.80 1181.56 1337.26 4947.36 5883.59
  b) Segment - Formaldehyde 696.89 292.06 166.00 988.95 681.53
  c) Others 248.80 193.52 1.43 442.32 37.14
  Total 4711.49 1667.14 1504.69 6378.63 6602.26
  Less: Inter Segment Revenue 310.80 159.25 109.97 470.05 430.64
  Gross sales/Income 4400.69 1507.89 1394.72 5908.58 6171.62
  Less : Excise Duty 548.61 210.90 180.04 759.51 744.29
  Net sales/Income from Operations 3852.08 1296.99 1214.68 5149.07 5427.33
2 Segment Results Profit before tax and
interest from each segment
         
  a) Segment - Medium Density Fibre Board 302.04 117.70 (21.09) 419.74 359.76
  b) Segment - Formaldehyde 49.01 52.39 (1.59) 101.40 30.99
  c) Others 19.22 0.72 (0.16) 19.94 2.14
  Total 370.27 170.81 (22.84) 541.08 392.89
  Less: i. Interest 125.33 52.84 11.01 178.17 172.75
  ii. Other un-allocable (income)/
expenditure net off of
un-allocable income/expenditure.
(60.33) 11.68 (337.35) (48.65) (300.48)
  Total Profit Before Tax 305.27 106.29 303.50 411.56 520.62
3 Capital Employed(Segment assets - Segment liabilities)          
  a) Segment - Medium Density Fibre Board 2464.35 2977.6 2325.57 2977.6 2325.57
  b) Segment - Formaldehyde 6.75 (198.30) 186.78 (198.30) 186.78
  c) Segment - Unallocable 227.85 283.60 269.01 283.60 269.01
  Total 2698.95 3062.90 2781.36 3062.90 2781.36

 

NOTES:
Figures of the previous period have been regrouped / rearranged wherever considered necessary.