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TAMILNADU PETROPRODUCTS LIMITED
Regd. Office:Manali Express Highway, Manali, Chennai - 600 068
AUDITED FINANCIAL RESULTS
FOR THE YEAR ENDED 31st MARCH 2011
(Rs. in Lacs)
Consolidated
S.No 
Description
Quarter ended
31.03.2011
(Unaudited)
Quarter ended
31.03.2010
(Unaudited)
Year
ended
31.03.2011
(Audited)
Year
ended
31.03.2010
(Audited)

Year Ended 31.03.2011
(Audited)

 Year Ended 31.03.2010
(Audited)
1 Net Sales / Income from Operations                               
29,673
22,581
107,616
90.508
107,616 90,497
2
Other Operating Income
91
112
449
430
446 436
3
Total Income (1+2)
29,764
22,693
108,065
90,938
108,062 90,933
4
Expenditure
a.(Increase)/Decrease in stock in trade and work in progress
139
1,819
(21)
498
(21) 498
b. Consumption of raw materials
16,402
9,194
59,728
43,511
59,7285 43,511
c. Purchase of traded goods
155
2,422
155
2,641
155 2,641
d. Employee cost
609
456
2,575
2,245
2,575 2.245
e. Power and fuel
6.693
4,365
23,134
19,777
23,134 19,777
f. Depreciation
932
844
3,799
3,082
3,800 3,083
g. Other expenditure
4,284
3,312
16,291
16,188
17,168 17,138
Total
29,214
22,412
105,661
87,942
106,539 88,893
5
Profit from Operations before Other Income, Interest and exceptional item (3-4)
550
281
2,404
2,996
1,523 2,040
 
6 Other Income
146
112
625
466
488 466
7
Profit before Interest and exceptional item (5+6)
696
393
3,029
3,462
2,011 2,506
8
Interest (net)
523
341
2,313
2,129
2,293 2,105
9
Profit after interest but before exceptional item (7-8)
173
52
716
1,333
(282) 401
           
10 Exceptional Item 2,222 - 2,222 - 2,222 -
           
11 Profit after interest and exceptional item but before tax (9+10) 2,395 52 2,938 1,333 1,940 401
 
12
Tax expense
- Current 236 (267) 503 158 502 159
- Deferred
(361)
80
(512)
97
(512) 97
13
Net Profit after tax (11-12)
2,520
239
2,947
1,078
1,950 145
14
Share of profit of Associates
-
-
-
- 367 247
         
15
Net Profit (13+14)
2,520 239 2,947 1,078 2,317 392
         
16
Paid up equity share capital
8,997
8,997
8,997
8,997
8,997
8,997
(Face value per share of Rs.10/- each)        
17
Reserves (excluding revaluation reserve)
   
28,548
26,646
 28,697 27,426
           
18
Earnings per share in Rs.
         
(not annualised)
Basic and Diluted
2.80
0.27
3.28
1.20
2.58 0.44
       
19
Public shareholding
         
- Number of Shares
58,893,348
    58,893,348
58,893,348
   58,893,348
      58,893,348       58,893,348
- Percentage of   Shareholding 65.46 65.46 65.46 65.46 65.46 65.46
             
20
Promoters and Promoters Group Shareholding
         
a) Pledged/Encumbered
     
 
   
- Number of shares
15,234,375
15,234,375
15,234,375
15,234,375
15,234,375 15,234,375
- Per centage of shares (as a % of the total shareholding of the promoters and promoter group)
49.02
49.02
49.02
49.02
49.02 49.02
- per centage of shares (as a % of the total share capital of the company)
16.93
16.93
16.93
16.93
16.93 16.93
             
b) Non-Encumbered
 
 
 
   
- Number of shares
15,843,751
15,843,751
15,843,751
15,843,751
15,843,751 15,843,751
- Per centage of shares (as a % of the total shareholding of the promoters and promoter group)
50.98
50.98
50.98
50.98
50.98 50.98
- per centage of shares (as a % of the total share capital of the company)
17.61
17.61
17.61
17.61
17.61 17.61
 
 
 
 
 
   
STATEMENT OF ASSETS AND LIABILITIES
(Rs. in Lacs)
  Standalone Consolidated
 

As at 31.03.2011 (Audited)

 As at 31.03.2010 (Audited) As at 31.03.2011 (Audited) As at 31.03.2010 (Audited)
SHAREHOLDERS FUND        
  a) Capital 8,997 8,997 8,997 8,997
  b) Reserves and surplus 30,595 28,713 30,744 29,492
  ADVANCE FROM SUBSIDIARY PENDING ISSUE OF SHARES - - 1,003 1,004
  MINORITY INTEREST - - 1,242 201
  LOAN FUNDS        
  a) Secured loans 9,416 15,808 9,416 15,808
  b) Unsecured loans 2,281 2,344 2,281 2,344
  Deferred tax liability(net) 6,830 7,342 6,830 7,342
  TOTAL 58,119 63,204 60,513 65,188
         
  FIXED ASSETS 37,599 40,955 40,172 43,173
  EXPENDITURE DURING CONSTRUCTION PENDING   ALLOCATION     4,620 4,877
  INVESTMENTS 14,221 17,980 2,421 5,950
  CURRENT ASSETS, LOANS AND ADVANCES        
  a) Inventories 9,924 9,057 9,924 9,057
  b) Sundry Debtors 8,266 6,334 7,727 6,644
  c) Cash & Bank Balances 2,039 1,193 7,258 7,452
  d) Loans and advances 3,831 4,815 7,394 7,746
  24,060 21,399 32,303 30,899
  Less: Current liabilities and provisions        
  a) Liabilities 16,306 16,314 17,550 18,897
  b) Provisions 1,455 816 1,456 817
  17,761 17,130 19,006 19,714
         
  Net current assets 6,299 4,269 13,297 11,185
  Miscellaneous expenditure     3 3
  TOTAL 58,119 63,204 60,513 65,188
 
Notes :
 1 The Company operates in only one segment, namely, Industrial Intermediate Chemicals.
 2 Figures of the previous period have been regrouped wherever necessary.
 3 The Board of Directors have recommended payment of 10% dividend on the paid up equity share capital (Rupee1.00 per equity share) subject to approval of the Shareholders.
 4 Exceptional item represents profit on sale of equity shares held in Henkel India Limited.
5 There were no investor complaints at the beginning of the quarter. During the quarter, 13 complaints were received, all of which were disposed of by the Company.
6 'The Auditors' report on the annual accounts of the Company for the year ended March 31, 2011 contains the following comments:
a) " Assets held by the Company amounting to Rs.2123.63 lacs are expected to be transferred to the proposed overseas project at not less than cost. We are unable to express an opinion on the realisable value of these assets".
  'Board's comment : The Company is confident that the assets which are in the form of equipment and drawings for paraffin production can be transferred to its overseas project at a value not less than their cost.
 
'The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 27th April, 2011.
Place : Chennai
V. RAMANI
Date : 27th April, 2011
DIRECTOR & CHIEF FINANCIAL OFFICER