Oricon Enterprises limited,oricon,oricon property & developers, united shippers ltd, oriental containers ltd,shinrai toyota, petrochemicals, parijat enterprises.
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Consolidated Segment Wise Revenue, results & Capital Employed Under Clause 41 of The Listing Agreement for The Quarter Ended 30th september, 2010
Investor
Financials
Shareholders Information
      ( Rs. in lakhs )
  Three months ended Restated Six months ended  
Particulars 30.09.2010
(Unaudited)
30.09.2009
(Unaudited)
30.06.2010
(Unaudited)
30.09.2010
(Unaudited )
30.09.2009
(Unaudited)
Previous
Accounting
Year ended
31.03.2010
(Audited )
1.Segment Revenue            
(a) Petrochemical        469.00        423.08        506.52           975.52           895.22             1,581.47
(b) Trading        533.57        559.47        754.47        1,288.04        1,163.59             3,715.79
(c) Liquid Colorants          10.73               -              3.20             13.93                   -                          -  
(d) Packaging     1,515.39     1,651.66     2,369.99        3,885.38        3,275.56             6,283.42
(e) Automobiles     8,590.48     6,045.82     7,220.21      15,810.69      10,033.51           26,566.49
(f) Shipping & related logistics 6,354.95               -       7,880.45      14,235.40                   -             16,029.31
Total   17,474.12     8,680.03   18,734.84      36,208.96      15,367.88           54,176.48
Less : Inter Segment Revenue            
Net Sales / Income from Operations   17,474.12     8,680.03   18,734.84      36,208.96      15,367.88           54,176.48
2.Segment Results            
[Profit(+)/Loss(-) before tax and  Interest from each segment ]            
(a) Petrochemical          40.89          87.16          80.24           121.13           215.61                266.41
(b) Trading          11.92          19.84          11.73             23.65             40.08                  74.45
(c) Liquid Colorants         (13.49)               -            (6.40)           (19.89)                   -                          -  
(d) Packaging          72.96        174.48        262.56           335.52           396.38                990.72
(e) Automobiles        292.45        211.51        211.48           503.93           367.77                923.89
(f) Shipping & related      logistics        731.37               -          944.84        1,676.21                   -               2,252.18
Total     1,136.09        492.99     1,504.45        2,640.54        1,019.84             4,507.65
Add:(i) Interest       (438.89)      (115.65)      (410.00)         (848.89)          (225.33)               (958.56)
      (ii)Other unallocable        863.68        207.29        922.44        1,786.13           318.88             1,635.76
         income net off         unallocable expenditure            
      (iii) Exceptional item                -                 -                       -                     -                          -  
Total Profit Before Tax     1,560.88        584.63     2,016.89        3,577.77        1,113.39             5,184.85
             
3.Capital Employed (Segment assets-segment liabilities)            
(a) Petrochemical        545.22        624.30        661.27           545.22           624.30                591.87
(b) Trading          89.00        256.36            2.68             89.00           256.36             1,168.42
(c) Liquid Colorants        542.73               -          451.03           542.73                   -                          -  
(d) Automobiles     3,556.39     2,458.61     3,396.41        3,556.39        2,458.61             2,851.74
(e) Packaging     4,930.29     4,242.29     4,932.72        4,930.29        4,242.29             4,998.73
(f) Shipping & related      logistics   17,605.37               -     17,234.00      17,605.37                   -             17,638.86
(g) Unallocable   32,802.92     7,881.22   32,903.10      32,802.92        7,881.22           30,882.86
Total   60,071.92   15,462.78   59,581.21      60,071.92      15,462.78           58,132.48
NOTES :
1) The above results have been reviewed by the audit committee and approved by the Board of Directors at their respective meeting held on 13th November, 2010.
2) The consolidated financial statements have been as per Accounting Standard 21 “Consolidated Financial Statements”, Accounting Standard 23 “Accounting for      Investments in Associates in Consolidated Financial Statements” and Accounting Standard (AS) 27 “Financial Reporting of Interests in Joint Ventures” as     notified by Companies (Accounting Standards) Rules 2006.
3) The consolidated results represents the results of Business operations of the Company, its subsidiary companies USL Shinrai Automobiles Ltd-USAL (100%),      NCPPL (100%), United Shipeers Ltd.-USL (50.19%) & its subsdiaries & joint ventures and Jointly controlled entity Oriental Containers Ltd.-OCL (30%).
4) The figures of current quarter / six months are not comparable with the corresponding quarter / six months as the results of USL and NCPPL have been included     in current period.
5) The consolidated financial results should be read in conjunction with the notes to standalone financial results for the year quarter ended 30th September, 2010.
6) Potential equity shares that could arise on conversion of 21,80,000 fully convertible debentures are not resulting into dilution of EPS. Hence, they have not been      considered in working of diluted EPS in accordance with Accounting Standard 20 "Earning Per Share".
7) The Scheme of amalgamation of Naman Tradvest Pvt Ltd (NTPL) & Zeuxite Investment Pvt Ltd (ZIPL) with the Company from the appointed date of 1st October,      2009, has been sanctioned by the Hon’ble High Court of judicature at Bombay. The Scheme became effective on 9th September, 2010. Pursuant to the said      amalgamation NCPPL and USL have become the subsidaries of the Company w.e.f. the said appointed date and have been considered for consolidated results      for the current quarter / period. Therefore "the financial result for the quarter ended 30th June, 2010 have been reworked and re-stated."
8) Information on Standalone Financial Result as per Clause 41 of Listing Agreement.
      ( Rs. in lakhs )
  Three months ended Six months ended  
Particulars 30.09.2010
(Unaudited)
30.09.2009
(Unaudited)
30.09.2010
(Unaudited )
30.09.2009
(Unaudited)
Previous
Accounting
Year ended
31.03.2010
(Audited )
(a) Net Sales / Income from Operations     1,096.59        982.55     2,360.78        2,200.00        5,096.76
(b) Profit from ordinary activities before tax        410.75        336.45        801.79           641.11        1,452.77
(c) Net Profit after tax        314.27        226.73        579.45           429.12           955.55
9) Unaudited statement of Assets and Liabilities as at 30th September, 2010.
    Rs. in lakhs
Particulars 30-Sep-10 Unaudited 30-Sep-09 Unaudited
SHAREHOLDERS’ FUNDS:    
(a) Share Capital          2,923.49        963.49
(b) Reserves and Surplus        42,677.45     9,968.81
    45,600.94   10,932.30
LOAN FUNDS        14,470.97     4,629.37
MINORITY INTEREST   12,711.14               -  
DEFERRED INCOME TAX LIABILITY (net)        636.75        183.32
DEFERRED SALES TAX LIABILITY        569.32               -  
TOTAL      73,989.13   15,744.99
FIXED ASSETS (Inclding Capital Work In Progress)   43,963.88     4,801.18
INVESTMENTS     7,182.18     3,824.74
CURRENT ASSETS, LOANS AND ADVANCES    
(a) Inventories          3,781.29     1,664.75
(b) Sundry Debtors          6,320.93     3,362.06
(c) Cash and Bank balances          6,306.40        482.34
(d) Other current assets            4.84               -  
(e) Loans and Advances   17,695.34     6,166.48
    34,108.81   11,675.63
Less: Current Liabilities and Provisions    
(a) Liabilities        10,548.38     4,398.92
(b) Provisions             717.35        256.53
    11,265.73     4,655.45
NET CURRENT ASSETS   22,843.08     7,020.18
MISCELLANEOUS EXPENDITURE (NOT     
WRITTEN OFF OR ADJUSTED)                -            98.89
PROFIT AND LOSS ACCOUNT                    -                 -  
TOTAL      73,989.13   15,744.99
10) Previous period / year's figures are regrouped / rearranged wherever necessary to make them comparable with those of the current period.
11) The Company has opted to publish only the consolidated financial results. Investors can view the standalone results of the company on the website of the        Company (www.oriconenterprises.com) and website of Bombay Stock Exchange Limited (BSE) (www.bseindia.com).
By Order of the Board For Oricon Enterprises Ltd.
   
Place : Mumbai
Date : November 13th, 2010
( Rajendra Somani )
Managing Director
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