|
UNAUDITED
FINANCIAL RESULTS FOR THE THIRD
QUARTER ENDED MARCH 31, 2002.
MONSANTO INDIA
LIMITED
(formerly Monsanto Chemicals Of India Limited)
Regd.Office: Ahura Centre, 5th Floor, 96, Mahakali Caves Road,
Andheri (East), Mumbai - 400 093.
(Rupees in Lacs)
|
Sr.
No..
|
Particulars
|
Year
ended March 31, 2002
|
Year
ended March 31, 2001
|
| 1. |
Net
Sales |
33032
|
26918
|
| 2. |
Other
Income |
308
|
238
|
| |
TOTAL
INCOME |
33340
|
27156
|
| 3. |
Total
Expenditure: |
|
|
| |
a)
(Increase)/Decrease in stock-in-trade |
550
|
(4594)
|
| |
b)
Consumption of materials |
15389
|
12607
|
| |
c)
Staff Cost |
1447
|
1378
|
| |
d)
Other Expenditure |
|
|
| |
-
Purchase of Finished Goods |
2144
|
7308
|
| |
-
Excise Duty |
3584
|
2909
|
| |
-
Others |
5951
|
5073
|
| |
TOTAL
EXPENDITURE |
29065
|
24681
|
| |
|
|
|
| 4. |
Interest
Expense |
199
|
210
|
| 5. |
Depreciation |
617
|
572
|
| 6. |
Profit
before tax & Extraordinary item (1+2-3-4-5) |
3459
|
1693
|
| 7. |
Extraordinary
Item - Credit |
-
|
238
|
| 8. |
Profit
before Tax (6+7) |
3459
|
1931
|
| 9. |
Provision
for Taxation: |
|
|
| |
-
Current Tax |
250
|
-
|
| |
-
Deferred Tax |
74
|
-
|
| |
-
Wealth Tax |
5
|
7
|
| 10. |
Income
Tax Prior Year - Debit |
20
|
-
|
| 11. |
Net
Profit after tax (8-9-10) |
3110
|
1924
|
| 12. |
Paid-up
Equity Share Capital |
863
|
432
|
| 13. |
Free
Reserves (excluding revaluation reserves) |
23110
|
21112
|
| 14. |
Basic
EPS |
Rs.36.03
|
Rs.22.29
|
| 15. |
Aggregate
of Non Promoters Shareholding: |
|
|
| |
-
Number of Shares |
2404152
|
1202076
|
| |
-
Percentage of Shareholdings |
27.85
|
27.85
|
Notes
| 1 |
The
Directors have recommended a dividend of Rs.8 per share for the year
ended 31.3.2002 on the share capital enhanced by the issue of Bonus
Shares in the ratio of 1:1. |
| 2. |
The
deferred tax liability for the current year has been provided in
accordance with the provisions of AS-22 (Accounting for Taxes on
Income) issued by The Institute of Chartered Accountants of India. In
accordance with the Accounting Standard, accumulated deferred tax
assets of Rs.10.39 Lacs as on 31st March, 2001 has been credited to
general reserve. |
| 3. |
In
view of the Bonus Shares allotted during the year, the EPS has been
computed for the year ended on 31st March, 2002 on the total
outstanding share capital. The EPS for the previous year is also
calculated on the share capital enhanced by such Bonus Issue. This is
in accordance with the AS-17 (Earning per share) issued by The
Institute of Chartered Accountants of India. |
| 4. |
The
Company has one segment of activity namely "Agriculture Inputs". |
| 5. |
Previous
year's figures have been re-grouped wherever necessary to correspond
with the current year's figures. |
| 6. |
The
above results were reviewed by the Audit Committee and have been taken
on record by the Board of Directors at their meeting held on 22nd May,
2002. |
For Monsanto India
Limited
Sekhar
Natarajan
Managing Director
Mumbai: May 22, 2002.
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