Quarterly Result - September 2010
ASSAMBROOK LIMITED
Regd. Office: Tinkharia Tea Estate PO. Dhekiajuli 784 110 Dist. Sonitpur, Assam
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH SEPT, 2010
(Rs in Lacs)
Sr.No. Particulars Quarter ended (Unaudited) 6 Months ended (Unaudited) Year  ended 31.03.2010
(AUDITED)
30.09.2010 30.09.2009 30.09.2010 30.09.2009
             
1.   TOTAL INCOME          
Net sales/Income from Operation 1166.12 1146.28 1528.78 1544.76 3444.27
Other income 2.36 1.98 4.44 3.17 264.37
A 1168.48 1148.26 1533.22 1547.93 3708.64
2. TOTAL EXPENDITURE          
Increse/Decrese in stock in trade -364.15 -113.75 -806.01 -456.42 -70.38
Purchase  211.17 179.89 341.04 264.02 365.68
Stores Consumption 179.88 117.07 339.74 347.66 595.88
Staff cost 385.93 277.01 713.78 527.08 1310.46
Power & Fuel 158.31 129.91 254.32 200.71 377.11
Other Expenditure 392.35 321.97 444.72 459.47 697.14
B 963.49 912.1 1287.59 1342.52 3275.89
3. GROSS PROFIT/(LOSS)  (A-B) 204.99 236.16 245.63 205.41 432.75
Interest 0.03 62.22 0.12 109.49 212.44
Depreciation 25 26.33 50 52.66 108.2
4. PROFIT/(LOSS) BEFORE TAXATION 179.96 147.61 195.51 43.26 112.11
Excess Provision for taxation written back 0 0 0 0 0.41
5. PROFIT/(LOSS) AFTER TAXATION  179.96 147.61 195.51 43.26 112.52
6. Paid up Equity share capital (Rs10/-each) 646.12 646.12 646.12 646.12 646.12
7. Reserve excluding revaluation reserve 1499.67 1089.72 1499.67 1089.72 1499.67
8. Earning per Share       Basic 2.79 2.28 3.03 0.67 1.74
Diluted 2.79 2.28 3.03 0.67 1.74
9. Public shareholding          
Number of Shares 4713287 4713287 4713287 4713287 4713287
           Percentage of shareholding 72.95 72.95 72.95 72.95 72.95
10. Promoters & Promoter Group Shareholding          
a) Pledged/Encumbered          
    Number of Shares Nil Nil Nil Nil Nil
    Percentage of shares Nil Nil Nil Nil Nil
b) Non-encumbered          
    Number of Shares 1747955 1747955 1747955 1747955 1747955
    Percentage of shares ( as a % of total shareholding of promoter & promoter group) 100 100 100 100 100
    Percentage of shares ( as a % of total share capital) 27.05 27.05 27.05 27.05 27.05


STATEMENT OF ASSETS AND LIABILITIES AS AT 30 SEPT 2010 Rs in lacs
Sl.No. Particulars Amount
1. Shareholders' Fund  
a) Capital 1481.12
b) Reserve & Surplus 2142.54
2. Loan Funds 1069.77
Total 4693.43
     
3. Fixed Assets 4905.8
4. Investments 1250.29
5. Current assets, Loans & Advances  
    Inventories 1194.19
    Sundry Debtors 434.85
    Cash and Bank Balances 114.12
   Other Current Assets - Accrued Income 75.14
    Loans and Advances 3192.05
Less: Current Liabilities & Provisions  
    Liabilities -7307.69
    Provisions 0
6. Miscellaneous Expenditures (not written off) 3.48
7. Profit & Loss Account 831.2
  Total 4693.43

NOTES :
  • The above results were reviewed by the Audit Committee and approved and taken on record by the Board of Directors at its meeting held on 27th December, 2010
  • Other Expenses includes Sundry Balances written off amounting to Rs. 312.06 lacs.
  • The company is engaged in a single segment of cultivation, processing, manufacture, blending and sale of tea.
  • In view of the carry forward losses no provision for taxation has been made. As a matter of prudence the deferred tax asset has been recognised only to the extent of deferred tax liability.
  • As at the beginning of the quarter there was no outstanding shareholders' complaints. During the quarter under review, the company received no complaints/queries from the shareholders.
  • In view of the on going discussion with it's secured lenders for restructuring/settlement of dues, no provision for interest payment has been made.The effect of the same would be incorporated on finalisation/approval of such settlements.

1, Shakespeare Sarani
Kolkata
Dated: 27th December , 2010
For ASSAMBROOK LTD
Siddharth Rampuria
Managing Director
 
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