| NOTES |
| 1. |
Sales are inclusive of Excise duty. |
| 2. |
Period-end mark-to-market losses (net) recognised in respect of outstanding derivative contracts is Rs. 9.95 crores. (Half year ended 30th September, 2010 - Rs. 7.78 crores; Previous year ended 31st March, 2011 - Rs. 5.11 crores) |
| 3. |
The Company's Spun Pipes and Foundries Unit continues to be under suspension of work (effective 2nd May, 2008). |
| 4.a |
Pending disposal (consented by the shareholders in March, 2006) of the Company's Hindusthan Heavy Chemicals Unit, the revenue / expenses of the unit (insignificant in terms of the Company's total revenue / expenses) have been and will be included in these and subsequent results till its disposal. |
| 4.b |
The Unit continues to be under suspension of work (effective 8th December, 2010) in consequence of illegal strike/activities by workmen. |
| 5. |
The number of investor complaints received, disposed off and lying unresolved at the quarter ended 30th September, 2011 are as under : |
| |
| Pending at the beginning of the quarter |
— |
Nil |
| Received during the quarter |
— |
35 |
| Disposed off during the quarter |
— |
35 |
| Lying unresolved at the end of quarter |
— |
Nil |
|
| 6. |
The operation of Birla Tyres (Uttarakhand) Unit of the Company had to be suspended for few days between August, 2011 and September, 2011 on account of flood in that region. As a result of such flood certain inventory items costing Rs. 25.01 crores got damaged for which an insurance claim of Rs. 36.23 crores (including claim for loss of profit of Rs. 11.22 crores) has been lodged with the insurance company. During the quarter the Company has accounted for the entire claim of Rs. 36.23 crores as receivable from the insurance company with corresponding deduction of Rs. 25.01 crores in the related material consumption and balance claim of Rs. 11.22 crores as "Exceptional Item". Further the Company has also lodged another claim of Rs. 15.23 crores on an estimated basis for damage suffered to certain Plant & Machinery items, boundary walls, roads etc. Out of the aforesaid claim, an amount of Rs. 2.85 crores which has already been expensed out by the company has been treated as receivable from insurance company with corresponding adjustments to related expenses account and balance claim of Rs. 12.38 crores together with related adjustments will be accounted for on settlement of claim. |
| 7. |
Statement of Assets and Liabilities |
|
| |
| Particulars |
Rs. / Crores |
As at
30-09-2011
|
As at
30-09-2010
|
As at
31-03-2011
|
| (Unaudited) |
(Unaudited) |
(Audited) |
| Shareholder's Funds : |
|
|
|
| (a) Share Capital |
45.74 |
45.74 |
45.74 |
| (b) Reserves and Surplus |
921.47 |
1,497.27 |
1,254.51 |
| Loan Funds |
4,370.76 |
3,974.86 |
3,999.28 |
| Deferred Tax Liabilities (net) |
406.61 |
329.35 |
386.42 |
| Total |
5,744.58 |
5,847.22 |
5,685.95 |
| |
|
|
|
| Application of Funds : |
|
|
|
| Fixed Assets |
4,198.75 |
4,031.96 |
4,129.53 |
| Investments |
66.36 |
64.69 |
65.82 |
| Current Assets , Loans and Advances |
|
|
|
| (a) Inventories |
1,141.02 |
1,226.64 |
1,118.55 |
| (b) Sundry Debtors |
613.92 |
665.47 |
631.34 |
| (c) Cash and Bank Balances |
97.04 |
76.91 |
73.64 |
| (d) Other Current Assets |
27.93 |
76.01 |
31.89 |
| (e) Loans and Advances |
383.74 |
392.17 |
402.72 |
| |
2,263.65 |
2,437.20 |
2,258.14 |
| Less: Current Liabilities and Provisions |
|
|
|
| (a) Current Liabilities |
784.10 |
685.71 |
752.60 |
| (b) Provisions |
0.08 |
0.92 |
14.94 |
| Net Current Assets |
1,479.47 |
1,750.57 |
1,490.60 |
| Total |
5,744.58 |
5,847.22 |
5,685.95 |
|
| |
|
| 8. |
Comparative figures have been regrouped or rearranged where considered necessary. |
| 9. |
The Statutory Auditors of the Company have carried out the limited review of the above unaudited financial results for the quarter and half year ended 30th September, 2011 in terms of Clause 41 of the Listing Agreement. |
| |
|
| |
By Order of the Board |
| |
|
| |
Place : Kolkata
Date : 3rd November, 2011 |
K. C. Jain
Whole-time Director |
| |
|
|
