Oricon Enterprises limited,oricon,oricon property & developers, united shippers ltd, oriental containers ltd,shinrai toyota, petrochemicals, parijat enterprises.
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financials
CONSOLIDATED SEGMENT WISE REVENUE, RESULTS & CAPITAL EMPLOYED UNDER CLAUSE 41 OF THE LISTING AGREEMENT FOR THE QUARTER ENDED 30th JUNE, 2010
Investor
Financials
Shareholders Information
    ( Rs. in lacs )
Particulars Quarter
ended 30.06.2010
(Unaudited)
Accounting
Year ended
31.03.2010
(Unaudited )
1.Segment Revenue    
(a) Petrochemical 506.52 1,581.47
(b) Trading 754.47 3,515.29
(c) Packaging 2,369.99 6,584.72
(d) Automobiles 7,220.21 25,995.44
(e) Liquid Colorants 3.20 -  
Total 10,854.39 37,676.92
Less : Inter Segment Revenue   -   -  
Net Sales / Income from Operations 10,854.39 37,676.92
     
2.Segment Results    
[Profit(+)/Loss(-) before tax and Interest from each segment ]    
(a) Petrochemical 80.24 265.54
(b) Trading 11.73 71.63
(c) Packaging 262.56 692.81
(d) Automobiles 211.48 923.98
(e) Liquid Colorants (6.40)   -  
Total 559.62 1,953.96
Add:(i) Interest (275.11) (656.36)
        (ii) Other unallocable income  382.17 1,014.99
              net off unallocable expenditure     
       (iii) Exceptional item -   -  
Total Profit Before Tax 666.68 2,312.59
     
3.Capital Employed    
(Segment Assets - Segment Liabilities)  
(a) Petrochemical 661.27 524.61
(b) Automobiles 3,396.41 3,696.05
(c) Trading 2.68 124.30
(d) Packaging 4,932.72 5,096.06
(e) Liquid Colorants 451.03 -  
(f)  Unallocable 10,886.44 11,267.52
Total 20,330.55 20,708.54
 
NOTES :
1. The above results have been reviewed by Audit Committee and were taken on record by the Board of Directors at their meeting held on 10th August, 2010.
2. The consolidated results represents the results of Business operations of the Company, its subsidiary companies USL Shinrai Automobiles Ltd (100%), its Joint      Venture Oriental Containers Ltd (30%) and its associate National Cotton Products Private Limited (38%). With effect from 1st April,
     2010 USL Auto Services Ltd. (UASL) (100%) a wholly owned subsidiary, ceases to be subsidiary, accordingly the financial results of UASL have not been      included in preparation of consolidated financial result. The said subsidiary's financial statements for the year ended 31st March, 2010 reflect total assets of      Rs.0.87 lacs and total revenue of Rs.0.09 lacs.
3. Since the company has adopted policy of declaring Quarterly consolidated results from the quarter ended 30th September, 2009 hence figure for the       corresponding quarter have not been given.
4. The Board of Directors of the Company at their meeting held on 27th November, 2009 has, subject to approvals of Shareholders,Stock Exchange, Hon’ble High      Court Bombay and other approvals as may be necessary, approved the scheme of amalgamation of Naman Tradvest Pvt Ltd & Zeuxtile Investments Pvt Ltd with       the company. The appointed date for amalgamation is 1st October, 2009.The equity shareholders and unsecured creditors of the Company at their respective       meeting held on 1st June, 2010 has approved the said scheme of amalgamation. The meeting of secured creditors was dispensed with the approval of Hon’ble       High Court Bombay. No effect of amalgamation is givenin the above results pending approval from the Hon’ble High Court Bombay.
5. Previous period / year's figures are regrouped / rearranged wherever necessary to make them comparable with those of the current period.
6. The Company has set up and commissioned plant for manufacturing Liquid colorants, in technical collaboration with M/s. Colormatrix U.K., at M.I.D.C. Murbad,      District Thane on 16th May, 2010.
7. The Company has become a partner in a newly formed Limited Liability Partnership (LLP) with effect from 12th July, 2010, the date of incorporation of LLP.
8. Information on Standalone Financial Result as per Clause 41 of Listing Agreement.
By Order of the Board For Oricon Enterprises Ltd.
   
Place : Mumbai
Date : 10th August, 2010
( Rajendra Somani )
Managing Director
 
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